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Volume 165
Number 4563
New York,
N. Y., Monday, January 27,1947
y
Price 75 Cents
Copy
a
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
•
INDUSTRIAL
-
INSURANCE
■
MISCELLANEOUS
-
'
i
Aetna Insurance Co.-—Merger of Units Planned—
!
:
Be
-
Plans for the merger of Century Indemnity Co. and Standard Surety
Casualty Co. of New York, both subsidiaries of Aetna, were an¬
22 by W. Ross McCain, President of the parent com-
nounced on Jan.
-
Consummation of the merger is contingent upon permission from
New York and Connecticut insurance departments. The move is
pany.
the
LIABILITIES—Trade accounts payable, $68,369;. accrued payroll arid
payroll
deductions, ; $22,168; taxes other than on income, * $12,899;
Federal taxes on income—prior
year, $27,455; dividend payable, $28,926;
lease
deposit, $200;. accrued
miscellaneous,
$15,391;
capital
stock,
$231,400; capital surplus,
$410,000; earned surplus, $715,319; total,
$1,532,128.—V. 164, p. 949.
- v".
.....
being taken, it was explained, "in the interest of greater efficiency in
performance and to reduce the cost of operation.''—-V. 162, p. 3065.
Alabama Great Southern RR.—Equipment Trusts Of*
fered—Halsey, Stuart & Co. Inc. and associates on Jan.
•
24
offered $1,520,000 iy2% equipment trust certificates
(Philadelphia plan)' at prices to yield from 0,90% to
1.75% according to maturity. Others offering the securities ,are Hornblower & Weeks, Otis & Co. (Inc.), R. W.
Pressprich & Co., L. F. Rothschild & Co., First of Mich-*
igan Corp., Gregory & Son, Inc., and Putnam A Co.
The
cost
issue
of
awarded
was
1.63127.
Other
Jan. 23
bids
bid of 99.278,
ona
submitted
Harris,
were
:;,i:
-
Period End. Nov. 30—
•
The
directors have - declared
share on the
capital
a
direct
Federal
Other
quarterly dividend of four cents per
reserve
Payments last year were as follows: Feb. 20, 4 cents; May 20, 3.8
cents; Aug. 20, 4;1; cents; and Nov/. 20, 3 cents and 25 cents
special.
—V, 165, p, 66.
v
•
•'
'
/
Net
Birmingham,
99.22
for
l%s.
-
Gross
deductions
Page
.
New York Stock Exchange (Stocks)
New York Stock Exchange
(Bonds)
New York Curb Exchange^
Baltimore
will
Charles
succeed
W.
Wendt,
Treasurer
of the corporation,
who has served as
Manufacturing Division since January, 1945^
fthe
.continue
financial
chief
as
officer
of
the
Detroit Stock Exchange,——
Los Angeles Stock Exchange^.
Vice-President and
temporary head of
Mr.
•
Wendt
company.
Philadelphia
will
Pittsburgh
-yi;
-
to Joining the corporation in November, 1946, Mr.
Carpenter
Management Engineering Consultant for E. I. du Pont de Nemours
-As
Co., Inc., where he was engaged in the development and Installation
of design and construction controls for more than five years.—V., 164,
All-American
Drinks
Corp., New York—Files
SEC—
The company on
•
Jan. 15 filed
Over4he-Counter
a letter of
notification frith the SEC
for 2,050 shares ($1 par) stock to be sold at par without
underwriting.
Proceeds would be used for operation of business.—V.
164, p. 413.
Aluminum Co. of America—Calls 6 % Preferred Stock
;
—More Than
K
The
has
company
share
called
for
and
accrued
dividends
redemption
'
v
Co., Pittsburgh, Pa.
company also announced that under its recent exchange offer
684,847 shares of the 6%
preferred stock have been presented for
exchange for new $3.75 cumulative prefened stock on the basis of
one
share of 6%
The
J.
„
American Forging & Socket
3 Mos. End. Nov. 30—
1946
sales
1944
1943.
•Cost
of goods
sold
Operating profit
Other
$26,289
$2,725,757
$998,277
316,887
717,893
2,304,603
787,780
$$183,168
$421,154
2,583
/17,779
4t$180,585
50
966
$438,933
1,350
deductions
,
(est.)—
317,612
Net income
$26,313
♦Selling, administrative and
general
99,625
.
expense,
$119,971
including depreciation.
$Loss.
SHEET, NOV. 30, 1946
ASSETS—Cash,
$457,595; trade accounts receivable, $238,545; allow¬
ance
for doubtful accounts, $2,000; refund of
prior years income tax,
.445,140; productive inventories, $287,487; reserve for
inventory shrink¬
age, $11,251; manufacturing supplies, $7,221;
securities, $3,098; insur¬
ance deposits, $2,675;
employees accounts receivable, $74;
land, $13,537;
land
improvements, buildings, machinery and equipment,; $780,356;
reserves for depreciation
and amortization,
$332,225; land not used in
operations,' $13,650;
patents,
$1;
tools
and
dies,
$15,409;
prepaid
expense, $5,902; uncompleted shop orders,
$6,912; total, $1,532,128.
r
-fvg.
^
•
-•\
j
Operating
$121,764
fAfter deducting returns, allowances and discounts.
BALANCE
c,
4
isifV
'
.i
SPECIALIST IN yy;;
FLORIDA & NEW JERSEY
y'"'tyf '! 'f\
;;
J
■>,
revenues
Uncollectible; oper.
$$181,551
&'
/',,,v.
Operating
—_
■
,{<•<
>'.y..
^
The
for
Austria.
be
26,757,111
22,031,111
13,765,060
565,867
y
,.13,050
i ?vv- /
^v
5,223,777
3,929,457
•>
3,940,457
246,777
13,649,060
output
the
of
electric
properties
of
this
American
Water
and
Brothers, Dallas, Tex.—Files with SEC—
company
on
15
filed
a
letter of notification
with
;
the
SEC
Co.,
Cleveland,
''
"
-
Ohio—Official
Pro¬
.
/ \
"to
elected
also
con¬
as Assistant General
Manager, Assistant Secretary, and Assistant
Treasurer, and a director of the company. Shareholders, at their annual
meeting, increased membership on the board from seven to nine,
electing Laurence E. Cooney, Vice-President and General Manager of
sales, and Harold A. Anderson, Vice-President and Eastern District
Manager, to,these directorships/
George
into
^
•
was
r
1947
/that
1946—11 Mos.—1945
S
Jan.
shares
500
tinues
Co.—Earnings—
;
rH
Harold A. Hallsteln, Vice-President since
1935, has been
newly created post of Executive Vice-President. He
-.572
A.
Bryant,
4ft
of
and
1946.
■>
President
the
volume
times
the
and
of
General
business
largest
Nianager,, advised the
contracted
billing
pre-war
for
in
and
the
built
'
18,824,632 197,885,132 216,260,621
11,891,789 132,154,250 126,532,421
4,006,075
35,410,237
2,588,986
2,926,768
Contracts
in
effect
cover
wide
a
range
industries
of
all parts of the country. In addition to the active
projects,
reported that a number of industries are showing increased in¬
terest in the opportunities ta reduce production- and distribution cost
by construction of new plants//^
•
he
Other members of the board of directors,- in additon to the above,
are
W; B. Stewart, Cleveland; Albert S. Low, Washington; Allan S.
Austin; Cleveland; A, F,; Plant, Detroit;- and J. K.- Gannett, Cleveland.
—V. 163, p. 306.
•
r
30,320,645
" 1,608,168
736.391
66,251,255
23,476,945
142,390,609 127,055,432
Axe-Houghton Fund, Inc.—Acquisition, etc.—
The
.
-
-
S I
-
anybody in the
United States can telephone
S. • Army and-other American
organizations' in
U;
Hitherto
the
placed only
CORPORATE FINANCE
•1V aV./J.
■fee
proposed
of 2%
the Leffler
Corp.. of a
the Prudential
Investment
payment by the company. to
of the
value
cf the net
assets of
Corp. in corinection; with the former's acquisition of all the assets- of
Prudential. was axithorized by-the SEC Jan. 22.
/
■,'
•• -J In
exchange
for Prudential's
assets,
Axe-Houghton will deliver
shares of its capital stock having a net asset value equal to the value
of the assets it acquires of Prudential.
The SEC exempted both trans,
v;
,
f
7
'
(V
7
'
,V-'W
v,
*>
i
v ;
V
;
,
_
%
%;
Trading Markets in
^
.".v..
!• ■
•
*
•;
'4*.;
s.
'
'
J
I's 'y
^
Over the Counter Securities
MUNICIPAL DEPARTMENT
gearhart & company
qAllen
/■' 'I--
&
Established 1922
30 BROAD STREET
Telephone>
Compan y
HAnover
2-2600
incorporated
If embers
NEW YORK 4, N. Y.
Bell
New
:
,
Teletype:
NY 1-573
^
York
.V,
-
Telephone
;
Troster, Currie & Summers |
Members New
Security
Dealers Association
45 NASSAU STREET, NEW YORK 5 V \
BEctor 2-360O
in
company's
substantial amount of work is being carried forward
that total volume for the year should more than
equal
a
located in
18,874,826 1^8,495,487 216,842.491
50,194
610,355
581,870
| SECONDARY? MARKETS
Municipal Bonds
416,008
2,239,816
501,042
the
service has been on
a.^ one-way
bass.
Calls
from Austria. The rate from any point in this
country for "a three-minute conversation is $12.—-V, 165, p. 334.
could
546,316
74,121
294,529
91,460
154/533'4
(The) Austin
moted, $tc.—
—528
1
•
:
:
pany and proceeds will be added to capital.
572
,
of; the
77,698
,
($100 par) capital stock to be offered at $110 a share
without underwriting. The
offering is made to employees o-f the com¬
50,822
Service to Austria—.
members
16,667,661
,
Electric Company, Inc., for the week ended Jan.
18, 1947,
97,430,000 kwh., an increase of 17.10% over the output of
83,205,000 kwh., for the corresponding week of 1946.—V. 165, p. 334.
572
3,399,671
22,
27,672,068
I
••
operating income
after charges——
Jan.
4,586,072
V
-
totaled
17,899,044
11,910,387
revenues
Net
Effective
16,166,619
^
American Water Works & Electric Co., Inc.—OutputPower
Works
571
•<
17,949,866
rev.,
27,490,127
181,941
5,434,970 • 4,437,571
;4 v 34,800 : v 148,501
:
extraordinary non-recurring tax reductions and related special charges.—Y, 165, p. 66.
>
v-**'
Operating expenses
Operating taxes-
Net
,4
16,166,619
V
above)-
—
——4
Austin-
Clearings——..c.
1946^Month—1945
'
27,490,127
.
taxes
-•
1946
Period End. Nov. 30—
22,270
16,198,498
31,879
4,437,571
••'jYV.v -
5,223,777'-
—567
American Telephone & Telegraph
•
(as
history. He said
'
Income
Fed. inc. taxes
'74,;
r <
—570
Capital Flotations for December—
$222,698
4
'
1,310
-
5,597,847
27,622,298
132,171
in
co.
'
.4,459,841
5,434,970
'
tax reductions.
tFull dividend
applicable 'to
respective
whether
earned
periods,
or
unearned.
tWhich would be carried to consolidated earned
surplus,
if there should be excluded the net effect of
$210,496
12,202
"
5,468,427
33,457
sub&ids
stockholders that
$26,363
...
income
Total
Other
$133,719
•
Cr48,266
21,796,345
requirements
566
,7
„
Condition Statement of Member Banks of
Federal Reserve System
Co.—Earnings
1945
$744,182
-
1,276,138
512,369
5,861,087 ' 33,147,617
1,401,246
5,525,319
//♦Including special charges related to
Section.-—.567
^
Federal Reserve Banks
•
tGross
of Bank
J Cr48,266"
deducts., etc..——
Income
.
Foreign Exchange'Rates..;——.iil-.572'
Combined Condition Statement of
'
.
Course
223,442
^ Balance^ iurplusJ/i../. V!
-^.i:-567
Dividends Declared and Payable..
stock for each
11/10 shares of $3.75 preferred stock.
As the offer had stipulated a limit of 600,000 shares to be
accepted,
87.61% of the shares of 6% preferred stock presented by each holder
has been accepted for exchange. Bee V. 165, p. 201.
"
Int.
General Corporation and Investment News..535
State and City Bond Offerings and Sales
585
Redemption Calls and Sinking Fund
Notices
—1—...
wi—".572v
The
equity
Expenses
;
Miscellaneous Features
March 24, next, all of
preferred stock at $110 per
amounting to $1.38 per share. Payment
on
21,748,079
5,469,770
564
<
cumulative
will be made at the Mellon National Bank & Trust
<
Net
600,000 Shares Presented Pursuant to Ex-
remaining outstanding 6%
of
of
Other income
564
—
Transactions New York Stock Exchange.,—.552
Transactions New York Curb Exchange—552
Stock and Bond Averages.—552
j/
* «' ,u •*
''
I
'
' ^
A
V change Offer—
Its
Markets
equity
income
American Power
563
Exchange./—
Exchange—./
Montreal Stock Exchange.,
Montreal Curb Exchange
with
33,659,986
563
Toronto Stock Exchange..—..
Toronto Stock Exchange—Curb
2825.
p.
5,812,821
6,744,565
S:•'»; Light Co.—
St. Louis Stock Exchange.—.——.—
...^565
San Francisco Exchange..;
—.565
Prior
was
Stock
Stock
1,075,924
6,968,007
u
■
.
Carpenter has been named General Manager of the com¬
pany's Manufacturing Division, Robert M. Love, President, announces.;;
20,924,474
1,610,260
from
or
reserve
applic. to min. int.
Net
562
-.-.562
^^
11,721,095
405,987
*
Port,
:™-
7,254,208
Balance
.
;
,*-562
Cincinnati Stock Exchange
563
Cleveland Stock; Exchangeic..—-----:~--;-.--563
All American Aviation, Inc.—New General Manager—
Carpenter
Exchange_~_
43,748,477
'
.—552
Chicago Stock Exchange.-;-.——
Robert M.
Mr.
Stock
Boston Stock Exchange.
809,305
46,991,341
tPfd. divs. to public
541
456 /
\ '
400,438
Balance
-
equipment to cost not less than $1,907,000.
Issuance subject to authorization, by the ICC.—V. 165, p.
201,
to
franchise
42,939,172
'
13,473,016
?
Transfer
46,990,885
13,105,535
367,481
10,364,820
2,812,690
Balance
Stock and Bond Quotations
;
9,951,381
10,507,869
10,181,135
—
(net)__
plant ac-
of
11,396,717
'
Dr18,772
I,
52,824,843
18,400,907
13,798,427
2,582,793
10,199,907
(net)—
quisition adjusts.
.
(Inc.)
Certificates are to be dated Feb.. 15, 1947 and are due
annually
on
each Feb. 15, 1948 to
1957, inclusive.
Unconditionally
guaranteed as to payment of par value and dividends by endorsement
by-Alabama' Great Southern RR/:
' *
'
k, '♦
£; These certificates will be secured by new standard-gauge railroad
1
2,632,468
revenues-
income
Amortiz.
InThitlMsae
$152,000
'•
approp.
income
' $
134,481,123
57,099,319
deplet. "i*;'?-.:-■>■.}»'»■■, s.-r^-4
♦Int. to public and other
for lfts; Salomon Bros. 6c Hutzler and Stroud &
Co., Inc.,
for l%s; Harriman Ripley 6c Co., Inc., 99.409 for
ls/ss; National
Bank of New York, 99.78 for l3/4s; and First National Bank of
City
15,473,381 / 13,624,440
4,401,718 > 1,502,728
2,931,753
2,718,151
i
and
oper.
Other
,
? $
33,533,647 139,793,217
excl.
taxes
retir.
1946—12 Mos.—1945
>
$
35,639,227
taxes
Prop,
stock, payable Feb/ 20 to holders of record Feb. 5.
$
revenues
exps.,
taxes
.
99.032
99.70
1946—3 Mos.—1945
Subsidiaries—
Operating
Operating
American Business Shares, Inc.—-4-Cent
Dividend-^
a net interest
Hall & Co.
American Power & Light Co. (&
Subs.) -Earnings^-
Philadelphia Telephone
Enterprise 6018
^
,
Bell Teletype
New York l-57«
74
York Security Dealers Association
Trinity Place, New York 6, N. Y,
Telephone HAnover 2-2400
Private Wires to Buffalo
:
.
"
.
4
Teletype NY 1-376-377
Cleveland Detroit Pittsburgh Sk Louis,.
>
is
S26
COMMERCE
THE
m
Monday, January 27, 1947
In
■:
;
1923, B. T. Babbitt (incorporated New Jersey) discontinued the
production and sale of soap and soap powder when it entered into an
actions from the provisions of the Investment Company Act, provided
r-agreement selling to Armour & Co. its -plant at Babbitt, N. Jv, in
the entire transactibn is approved by the holders of at least two-thirds
**•
which such products were manufactured.
As part of the arrangement
of the capital stock of Prudential.
Leffler Corp. has agrfeed to pay
Armour & Co. received the right to use the trade mark "Babbitt"
all expenses of the ■ transaction, aggregating about one-half of the
ih connection with the Sale of soap and soap powder products other
than
cleansers, while B. T. Babbitt
(incorporated New Jerseyt
re¬
tained all rights to the use of the word "Babbitt" in connection .with
f (B. T.) Babbitt, InCi—Stock Offered—An underwriting the sale of cleansers, lye and all products- other than soap and soap
group headed by kel^an Brothers, Goldmari,
powders. As part of the same arrangement B. T. Babbitt (incorpo¬
rated New Jersey) agreed not to engage in the manufacture of soap
Co. and Wertheim <Sc Co., and which includes Burnor
soap
products other than cleansers in the United States for a
ham & Co. offered to the;public Jan. 23, 207,937 shares
period "of" 20 years, and further agreed not to use the trade name
of common-stock ($1 par}. This offering represents the >
"Babbitt" at any- time in connection with the sale of soap or soap
first public offering Of stock of the century-old, com¬
products other than cleansers. The restrict'ons imposed on the com: pany by this contract have all expired except that it may not use the
pany whose origin dates back to 1836. The public offer¬
trade name "Babbitt" in connection with the manufacture and dis¬
In
small -way; until, About..l941r ahd expanded during the ^war. vThe
manufacture pf industrial, pumps y *vas commenced Jin. 1943.
\
/
.
•
^ PURPOSE-7-The het proceeds willaggregate
v
of
price^was $17.50 ; per share.^ Of the 2u7>937 shares
offered 66,600 shares are being sold for the account
of the company and 141,937^ shares for the account of
certain Celling
stockholders, among whom are ineluded certain officers and directors of the company.
The selling stockholders presently own 80.02% of the
outstanding common stock and, after giving effect to
the sale of all of the shares offered, the selling stockholders will own 60.93% of the outstanding common.,
;.
,
stock.
ture
the
Stock
AND
aggregate
The
stock
common
unissued
Sold
by
the
on
officers
their
CAPITALIZATION—On
families
Aug.
interested..
are
1946
26,
an
of
•
.
.
each
%'Ti*
shares
of
of
and
*
-
71,315
71,315
)•;>.
JLehman Brothers
',
Goldman, Sachs
Wertheim & Co
Co
&
.
&
Fed.
Company
6,422
_____—_—1
Barth
&
F.
Sullivan
&
Paul
Davis
H.
&
Hallgarten
317
Co.—
&
Hentz
& Co.——
•
$952,758
$588,452
$544,073
on
on
operations
AT
31,
OCT.
—
(net)
&
Co.——:
Loewi
&
Co
—
i
Mitchum, Tully
& Co
S.
stock
Total
—V.
Simon
M.
Stein
&
•;
—
Co.—
Boyce—
Spencer Trask & Co.—___„
.."HISTORY AND
able
any
$1,965,263 $22,170,429 $22,363,486
16,300,257
16,674,728
1,441,385
3;643,266
2,843,385
272,856
$2,045,491
65,135
86,073
$297,419
$259,222
$3,031,921
—
1,572
3,870
28,857
debs
51,174
69,843
585,372
770,011
97,000
_
__
__
income
of
$147,672
$185,507
$1,798,691
$1,318,975
3282.
.
G.
Amsterdam,
Vice-President
a
of
the
corporation,
been elected to membership on the board of directors.—V.
164,
p.
has
3409.
(A. S.) Beck Shoe Corp.—New President—
W.
Robert
President
signed.
.
of
Mr.
Schiff,
President
committee
of
the
Mr. Schiff. of
a
retail
Schiff
Co.,
has
been
elected
firm
as
until
A.
Beck
S.
Shoe
Corp.
since_ July,
Daniels
Babbitt
2.40459
.96*169
.96169
on
to
.
manufacture
agreed
baking soda,
<
.
of
he has acquired the former
which has a ca¬
daily. It .was-opened in 1946
for
the
Beck corporation.
Mr. Daniels has
turn over the production to that Company
shoes
to
will
1947.
soon
be
.
.
women's shoes
-1
^ •
said; "to discuss plans with
several large .retailers to take over the-full production of this plant
and to merchandise a volume-price style line of women's shoes on. a
•f»W?;,n
"I
-
'■
ready,"
best
known
course
sale
,
(incorporated in New Jersey) was incorporated • in I
to the business
orginally established in 1836 by y
who'was one of the fiist manufacturers and ;
trade
marked items
of
general
household
use
of his career,
$225,633
Inc.—Obituary—
in
New
York,
Y.,
N.
Jan.
on
17
extra
an
holders
to
Feb.
and
May
163, p.
15,
15.
dividend
per
of
share
record
auarterly
a
Aug.
15
and
of
on
Jan.
of
Nov.
50
cents
the
27.
per
share
stock,
Payments last
common
25 cents and an extrfc
15, quarterlies of 40
2151.
mechanical
it
reasons
is
not
always
shares
lacl, on Jaa. *20 bfffered 100,000
at $0.50-^ei!;'sliare;<; ^
f • i"\
com^
•
Ttahsfet-''Agentt^ Northern irrust
is
-
such
as f
,
^
-
^harep
^
f
became)
In the i
PRESEOTKNANCING |
Outstanding
"Authorized-.
.JOfl.ooo
shsj
255,000 shs.
B. T. Babbitt also. undertook the packaging
and)
of lye.
*
The principal business of the company at the present time
manufacture of hot wafer specialties, industrial heat transfer
equipment and industrial_pumps. \ Company features the; trade mark
"B & G" on most of Its products.
entitled
to
cumulative
dividends,
pay¬
dividends.
the
sale
exchange.
,
of
all shares of new preferred stock not required
;
SALE
*
'
:
7
-
shares of 4-20% prenot required for the above
shares are offered for sale
OF BALANCE—45,478
several purchasers.
'
;
several
f
t
.
incorporated in Alabama
25, 1924, for perpetual duration.
It is a public utility
operating in the county of Jefferson, State of Alabama, and
a
subsidiary of Electric Bond & Share Co.
The company is engaged,
as V public
utility, in the purchase and distribution of electricity,
transportation of passengers, and generation and distribution of steam
for heatiug purposes, and activities incidental to 'such operations.
It
-has no ,subsidiaries.
: r
-7a^\7r777 -7r'
Foi1 the
HISTORY AND BUSINESS—Compapv was incorporated Jan: 5, 1916,
the
is
1,
days'
t
in Illinois.
is
Jan.
$12,874,525,
:
f
preferred stock
30
^12 "«idnths7ehd^d Aug; jtt,'19467 operating revenues W^re
of which approximately 59% was derived from the sale
ofTelecfcrkf service;; 40%from, Irshsportatio^ servlcd, and 1% from
Sale of-stearh heating service..
*
**
"
'fat
*~"CAPlTALIZAtIONGWING:£
Common
on
upon
company
•
•
4.20%
quarterly
March
on
Daniels
,
soap.
As the enterprise developed it
for itsr lines of scap, soap powder and cleansers.
$124,265
$37,640
COMPANY AND BUSINESS—Company was
x
coffee and
60,718
545,465
.
.
-
Mr.
Salle National-Hank;" Chicago,- IU;
Babbitt,
of
112,975
43,124
purchasers have agreed to buy these shares pursuant
to a purchase agreement resulting from negotiations with the coqipany.
The BEG granted an exemption from its competitive bidding
requirements after the company had invited and had not received
sealed written proposals for their purchase.
■
'
;,
: ^ i
announced that
22
Jan.
pairs
Continue
to
until July. 1,
'
the successor
distributors
;
15
follows:
as
time
The,
Shoef'Corp. factory at Lowell,. Mass.,
pacity of 5,000
V products were sold being Giant Lye, Hudson Lye, A. Mendleson's Lye
T.
56,930
279,315
agent, Birmingham Trust National Bank, Birmingham 3,
Registrar, First National Bank of Birmingham, Birmingham 3, Ala.
by the
1945.
Mendleson
as
12,014
ferred stock, consisting of 21,478 .shares
exchange together with 24,000 additional
,
Columbys, Ohio, has been President .of The Schiff Co.,
chain, since 1920, and Chairman of the board of
Avenue
Mr.
Fifth
'
B.
Feb.
OFFERING FOR
a director and member of the executive
April 1.
1
1903
23.335
70,718
EXCHANGE OFFER—Company on Dec. 3, 1946 offered to the holders
its $7 preferred stock and $6 preferred stock then outstanding tho
and
•
Y., in 1870.
Benjamin T.
41,680
$63,296
cents:
for the
,
shoe
the
of
The
of
A..,S. .Beck Shoe Corp., replacing Benjamin Daniels, re¬
Daniels will continue to give his services in an advisory
capacity and will continue
business was founded by A, Mendleson in Albany,
In 1894 it became A. Mendleson's Sons, a. partnership, r
£ The Mendleson Corp., incorporated in 1918, was. in turn, successor
to A. Mendleson's Sons.
These companies were packers and distribu- ;
tors of chlorinated lime and lye, the major brands under which their >
f
$944,792
opportunity to exchange their shares of old preferred stock for shares
of new
preferred stock, share for share.
At the expiration of the
exchange offer on Dec. 23, 1946, 11,149 shares of $7 preferred stock
and 7,373 shares of $6 preferred
stobk had been deposited for ex¬
change.
Holders of the old preferred stocks making the exchange
will with respect to each share exchanged receive cash in an amount
equal to the unpaid dividend accrued thereon to the date of original
issue of
the new preferred stock, plus 23Vb cents per share of $7
preferred stock exchanged and 15 cents per share of $6 preferred
stock exchanged and plus cash equal to the amount by which $110
per share exceeds the offering price per share to the public for such
of the new preferred stock as is sold by the company.
The exchange
offer was conditioned upon authorization of the new preferred stock
679,000
Bankers Securities Corp.—New Director—
Gustave
BUSINESS—Coi
and Acme Chlorinated Lime,
$503,635
Barnes, President, died
of 66.—V. 164, p. 1583.
accumulated
$2,131,565
42,579
contingencies.
for
Net
1925, is the successor to two prior corporations, The Mendleson- Corp.
B. T. Babbit
(incorp. New Jersey), and is today a leading producer and distributor of household -clearisers and 'lye,
1
.
$72,990
through Dec. 31, 1958, $107 per share; Jan.-l, 1959 through Dec. 31,
1961, $106 per share; thereafter, $105 per share, in each case plus
•
income
—V. 164, p.
and
The
$141,213
36,236
April I, July 1 and Oct. 1.
Redeemable at
prior notice as follows: through Dec. 31, 1949,
$110 per share: Jan. 1, 1950 through Dec. 31, 1952, $109 per share;
Jan. 1,
1953 through Dec. 31, 1955, $108 per share;
Jan. 1, 1956
1946—11 Mos.—1945
1946—Month—1945
$2,031,026
$3,026,786
.96169
63£i
874,074
2,676
each.—V.
The
8,201
Prov.
.96169
635
434,852
8,787
494,953
8,682
of 4.20% preferred stock (entitled to
dividends) at par ($100) and dividends. The
shares were purchased from the company by the un¬
derwriters through renegotiation, with the permission
Ala.
$251,020
Fixed charges
Int. on ser, A
2.40459
1,587
;
&
Bros.
L.
45,478
Co.]
Coach
4,888
Gross
2.40459
-635
,
550,998
471,511
64,202
cumulative
•
•
fichwabacher & Co
Baltimore
220,862
Non-oper.
.48120
635
—
652,555
253,119
of the SEC.
$292,530
.48120
1,587
Inc
Co.
383,499
138,537
Birmingham Electric Co.—Preferred Stock Offered—
The First Boston Corp. and associates on Jan. 17 offered
203.,
income
income
1.44219
Rothschild &
V. 165, P.
3;
Operating
953
Rollins & Sons,
4,648,128
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
Brl25,000
j_—
1,517,632
directors
F.
—__
expenses
also
H.
i,
Operating
.48120
L.
;_____
•
(6,000 shares at cost)
Taxes
.48120
Riter & Co
:—
revenues
317
E.
($1 par)^
Period End. Nov. 30—
Putnam
Co.—_—__—
1944
$6,508,053
116,266
NOTE—For
$409,345
668,203
1,747,962
960,000
2,977,239
Wi--
incomei (net)——
on
Operating
.96169
&
1945
4,135,719
order.
•
2.40459
-
■
—Years End. Nov. 30—
Transfer
635
Curtis
7 Mos. End.
67.
p.
were
164,554
:
[Including
317
&
5,000
INCOME
possible
$6,637,749
164, p.
1,587
—
Jackson
Webber,
10,000
Co
19,415
—
Edward A. Purcell & Co.——
Paine,
OF
quarterly dividend of 50 cents
50
of
Baltimore Transit Co.—Earnings—
.48120
.
10,000
Milwaukee
180,326
payable
cents
2.40459
1,587
Moseley & Co
The Ohio Company
N.
a
year
.48120
-
10,000
The
Best & Co., Inc.—Extra Distribution of 50 Cents—
432,042
Earned surplus
.48120
317
—
.
PURPOSES—The purposes of the issue' are; (1) to make the sharefor-share exchange under the above exchange offer; (Z) to apply the
proceeds of 21,478 shares of the new preferred stock (not ^required
for the exchange) the payment of $109 per share of the redemption
price of all old preferred stock not exchanged and the balance of
the'proceeds ($2,400,000) towards the cost of capital additions , to
the company's electric distribution system and the cost of new trolley
cars, trolley coaches, overhead power facilities for operation of trolley
coaches, motor coaches and—accessories to any . thereof for the coin*?
pany's transportation system,
v'1
'
t> i
several years after its incorporation; the principal business' of
! >' BANK LOAN—The company has entered into an agreement to bor*
company" was the jobbing and manufacturing of heat treating
row from banks $2,500,000.
The amount so borrowed will be applied
and case hardening compounds and materials, which constitutes a vfery
•j first to payment of the ca^h required to be paW under
small portion of the company's business' at this time:' in the early
«offer and for
the redemption premium on old preferred stock not
1920's the
company commenced the manufacture of indirect water
.
exchanged .nd the glance
'lie.coato
heating; equipment, and from time to time has added, various hot
water specialties to its-line of products.
4 additions; to the;;company's electric. distribution system and trans
The raanxifacture qf Indus- j
trial heat transfer equipment was commenced about 1930, continued
portation" system.
_
1919, the Mendleson Corp. acquired all the outstanding capital i
stock of B, T. Babbitt (incorporated New Jersey) which it continued j
to operate as a subsidiary.- At the time of such
acquisition the major I
brand names used by B. T, Babbitt (Incorporated New Jersey) included
In
f
Babbitt Lye, Babbitt;Cleanser, 1776 Soap Powder,'Babbitt's Best Soap 1%
and Babbitt's Tub Soap.
In 1925 the company, a New • York- corpora- :
tion, was organized using the name B,. T. Babbitt, Inc. because of
the wider acceptance
of the Babbitt
name
in the
grocery trade,
>
Of
Bacon, Whipple & Co
Illinois Co.
exps.
income
165,
1,143,638
_
trade
1
sundry liabilities
Treasury stock
.96169
317
n
No.
profits taxes
42,762
receivable
payable,
and
Common
.48120
317
—
follows:
as
962,781
(current)
(net)
Reserve for Federal taxes
.48120
1,537
Rhoades & Co
M. Loeb,
Carl
Laurence M. Marks & Co.——
•
LIABILITIES—
;
Accounts
2.40459
317
•
number
$6,637,749
l Accrued
2.40459
317
;
the
$5,754,738
The directors have declared
343,748
83,537
787,317
—
Total
.96169
317
and
\Shares
cxps.
deductions
the age
1946
1
accounts
Intangible assets
Deferred charges
2.40459
635
—
McCormick & Co
Kebbon,
-
1,587
are
operations.
income
Claire
at
^
receivable
and
underwritten.
Of
1,826,807
income. & surtaxes
—V.
$2,657,955
trade
notes
t
each
not
are
underwriters
697,049
product).
(discontinued
BALANCE SHEET AS
accounts
.
the
1,074,685
Bendix Helicopter,
in banks
Miscellaneous
:
are
offered
of
18,334
income
excess
both
assets
by
Inc.
sold
admin,
from
Net
soup
Miscellaneous
2.40459
317
Johnston, Lemon & Co
tester
*
259,910
1,531
Inventories
.48120
1,587
—
Hornblower & Weeks—
I.
2,304
297,873
2,628
bonds, at cost
Government bonds, at cost
.48120
"
635
Henry Herrman & Co—————
Hirsch & Co
•
1,587
::
—
~
•,
inc.
260,847
3,524
Government
.48120
1,587
_____—
—
>'
1,404,223
receivable,
4.80777
•317
.
the
common shares regis¬
company to employees
share, being the price at
sold'to the underwriters.
$1,502,564
Canadian
1.44219
"
3,176
.
Hayden, Stone & Co.
,?i Hemphill, Noyes & Co._____—!—
P.
$2,070,959
1,182,005
Accounts
.48120
317
Co.,
shipping
and
Fed.
.96169
953
Co.^_________—
—
-
$3,506,678
2,289,547
hand and
on
S.
U.
.48120
317
inven¬
on
the
per
Sept. 30, '46 June 30, '46
$1,509,815
$2,527,629
and
•Other
98,957
taxes
loss
or
to be
so
names
purchased
sales
Other
$1,403,607
$2,302,492
taxes
by
shares
common
shares
1,751
342,027
15,493
offered
Allyn & Co., Inc..,— 10,000
Gen.
declared
&
prof,
exc.
be
to
are
100,000
be
of goods
share and write-off of goodwill, trademarks, trade names, etc.)
Cash
.48120
635
Inc.____
to
Sell,
ASSETS—
.48120
317
.
Sherrerd—
current
and
1946
"
3 Mos. End.
Net
and
4.80777
:
317.
Boynton & Co., Inc._______
&
.96169
635
15,
""
STATEMENTS
$1,405,358
$3,709,020
2.40459
317
Emanuel, Deetjen & Co
Granbery, Marache & Lord
.
-
$2,414,365
1,378
$3,522,171 -$2,4-12,986-
"
profit
per
2.40459
3,176
Nov.
Farwell, Chapman & Co.„
C.
2.40459
,
~
^__
the
of
receivables
due
A.
.96169
1,587
proceeds
finance
The
(After giving effect to reduction in par value of common from $3 to $1
,96169 fci
1.587
j Doolittle, Schoellkopf & Co._,
Eastman, Dillon & Co
;
2,930
(Dr)
CONSOLIDATED
: ,V .48120
Company..
i: George R, Cooley & Co.,
J. M. Dain & Company
H.
$3,525,102
$3,709,020
item
income
♦Profit
.96169
317
_________
Butcher
;
1,587
Co.____
Bear, Stearns & Co.__—
G. Becker & Co., Inc.
Blair & Co., Inc.___
Blyth & Co., Inc.-.:
Bosworth,
v
635
apt
and
1945
Higginson Corp.—„- 18,333..
Kebbon, McCormick & Co._ 18,333
8,159
1,163
profit.
profits taxes
Net
selling
635
in
of buildings-at the Morton
and equipment, and
The
to
Lee
$1,397,199
11,137
$3,710,184
.
profit
Canadian
v\
nr».73108
.
:635
.V
—
& Co______
i A.
.
income
value
9.73108
9.73108
,v
6,422
Bacon, Whipple & Co
H.
$2,403,228
14,657
deductions
Net
com-
9.73108
6,422
%
___
Allyn and Co., Inc
C.
A
r
/.
_
Allen
Bache
J".
$3,510,444
23,798
income
Fed. excess
stockholders
6,423
—r
A.
from
purchased from
the company
+
Burnham & Company—
k
shares
Fed.
the
which
shares,
the
of
$3,686,385
profit.
operating
Net
and
underwriters
in
working capital.
received
were
machinerv
shareholders, at $3.30
Ames, Emerlch &
.
58,299
deprec
*Nor,-recurr.
Number of shares Percentage of shares
of stock to be
<% to be purchased
i
,
,
percentage
the
now
other
5,000 common
severally has agreed, to purchase, are as .follows:
■■
'V
:
several
the
of
name
loan.
shares
not
rhe
Total
(b)
stock,
ri he
.
71,315
Other
,
UNDERWRITERS—The
-
number
used
were
will .result
company's
instalment of $80,000
rn
No.
52,214
Fixed
v
of
capital.
Shares
59,429
Total
the issuance and sale by the company
: of
60,000 shares unissued common stock, ahd <c)
the-sale by the
company of 6,000 shares of common stock acquired by the company
on Sept.
16, 1946, held as treasury stock, and included in the shares
Offered hereby, was as follows:
;
i
"•
"
Authorized
Outstanding
Common stock (par $1)
1,500,000 shs.
1,020,000 shs.
stock,
purchase
working
loans
pay
bank
5,000
nrc
which
•Profit
Dec. 23, 1946 a further amendment to- the company's certificate
incorporation reduced the par value of the 1,500,000 shares of
stock to $1 per share.
The capitalization adjusted to give effect to
(a) the- reduction in
par value of common
the
1943
1944
*:
43,151
common
;
proceeds
the
loan
GJF.3RING TO EMPLOYEES—Of the 105,000
tered
who
5s
to the
to
169
61,656
Net
On
k
...
-
amendment
for
increase
bank
end
.
of
302
pany's certificate of incorporation increased the number of authorized
shares from 100,000 to 1,500,000, and changed each share of capital
stock (no par) into 1*2 shares of common stock (par $3 per share).
/
and
to
short-tenn
$3,062,739
3.542,440
2,383,049
606,909
Other
will
of
plant
part
tor.,.
'
$10,040,244
4,150,542
2,636,270
720,286
incurred'in
members
or
of
in
bank
expended in part for the construction
Grove
Cost
of which 60,000- shares are authorized
shares are held by the company as treasury
$175,000
?r
.
chased
be Used to reimburse the company for
making-additions and improvements to its
Albany plant, and the balance will be added to the company's general
funds'and, as such, may be applied to any proper corporate purpose.
Some of the selling stockholders are principal executive officers of
the company and include estates or trusts in which such executive
approximately
application
instalment
Amort, of contracts pur¬
stock, are being sold by the .company to; the underwriters.
Of the
net proceeds to be received by the company from the sale of such
66,000 shares, after deducting .allocable expenses, approximately $500,000 will be used to reimburse the company for its expenditure incurred
in the construction and equipping of a .new plant
at Clearing, 111.,
expenditures
dis-'
less
;
——
shares,
6,000
the
UNDERWRITERS—The
counts, etc.
$12,273,767 $12,250,402
of goods sold
4,562,733
4,811,878
Sell.,, gen. & admin, exps
3,041,159
2,830,101
Freight out
'.
*.
880,906
974,163
Bad debts written off—
284
shares, which are issued and^ out¬
selling stockholders to the under¬
the
1945
.Oct. 31, '46
Cost
shares
207,937
of
Calendar Years
10 Mos. End.
t:r *
Provision for
OFFERING—Of
OP
141,937
offered,
and
stock
common
Such
approximately $355,000
proceeds
were
in
$430,000.
of
increase
Halt
N.
■
-
Exchange.
PURPOSE
standing, are being
writers, and 66,000
f
E.
CO^SOLIDAjfiD STATEMENT^ OF INCOME
Bank of the Manhattan Co., New York, and The
Bank
&
Trust Co.
of
Albany, Albany, N. Y.
The Marine Midlahd Trust Co. of New York. New¥ Yojrk.
York
New
tout
...
Agents:
SELLERS
Of
the
Commercial
LISTING—-Application will- be' made to list the
.
of
discharge
present
instalme.it
by B. T. Babbitt, Inc. have b°en
Lye Co. .(1925), Philadelphia Lye & Chemical Co.
(1926),
William
Schield "Manufacturing
Co.
(1926), Red S~al &
Hooker Lye Division of J. B. Ford
(1930), Penn Chemical Works
(1932), Champion Chemical Works (1936), Holly Products. Co. (1937)
and E. Myers Lye Co.
(1939).
•
•
*
.
v
,
and
-
.■■■■;
Registrar:
payment
instalment bank loan, and the remainder of
approximately $353,000
reduction of current short-term bank loans which
at
the
to
tribution of soap or soap powder.
The principal businesses acquired
Gross " sales,
Transfer
National
to apply approximately $76,000 to the full payment
principal and interest due on' the presently
outstanding debennotes, approximately $421,000 to the
the
the
.
ing
approximately .>$850,000.
Company expects
ISachs^te
!:
a
i'
f
•
For
the
c.pU.1
.
.Volume 165 " Number 4563
LONG-TERM
DEBT
AND
CAPITAL
STOCK
FINANCING)
(AFTER
Authorized
1st
mtge. bonds,
2%
3%
series
v;
,
'California Electric Power
yk-.
.
'
Period End. Nov. 30
Total oper. revenues
$y,800,00u
to
4.20%
1957
pfd. stock, cumul.
Common
stock
-
for 24,000
transfers thereof
ferred
stocks,
$100)__
(par
(no par)-
""Certificates
future
will be
2,500,000
64,000 shs.
of
545,610 shs.
.
marked
by
a
distinctive
designation
to
Of shares to be purchased by
the
of
each
underwriters
the
number
No. of
No. of
Shares
bnares
The First Boston Corp
W. C. Langley & Co
Barrow, Leary & Co
Gaines, Brodnax & Brown,
a,vi<i
7,000
Sterne, Agee & Leach
Inc—
Inc.
7,000
———
—V.
Shropshire & Co.
4,o„o
Webster
Hawley, Shepard & Co
2,500
V
Stockton
Chattanooga Secur's Corp..
J.
Inc.-
500
1,2^0
Woolfolk, Huggins & Shober
500
Thornton, Mohr & Co
Watkins, Morrow & Co
—V.
165,
1,000
Gibson-.:——
Years End. Sept. 30—
1Net sales
Broome
Hilsman
&
Co.—
& Co.,
Cost
Of
goods
sold
Selling Si service costsprofit
lease
ond
tools
Admin,
and
26,957
38,561
(other
$4,198,248
116,585
Cr27,867
$3,033,577
113,509,352
27,365
income)
18,442
Income
$5,048,225
1,433,059
335,520
—V.
164,
p.
The
20,974
First
for
the
15,839
$1,676,789
585,674
391,852
$1,308,286
200,000
500,000
$829,643
$867,997
$654,000
622,821
778,526
622,821
of
stock, $1
City
$1,084,936
has been
value.—V.
par
164,
—
Canada Northern Power
Corp.,
EARNINGS FOR
Gross
Surplus
$973,517
share
$89,471
$31,179
389,263
$4.70
(no par)
$206,822
389,263
389,263
389,263
$2.13
$2.23
earnings
Purchased
'
$1.68
12
appointed
operating, maintenance
and
30
regis¬
sales of $108,840 in 1946, $46,319 in 1945, $15,037 in 1944 and
$297,075-in 1943 to foreign subsidiary not consolidated. ^Adjustment upon translation to foreign currency amounts for net
"working assets of foreign subsidiaries into U. S. dollars.
§lncludes
$2,200,332 excess profits tax.
"^Includes $472,500 for excess profits
taxes.
11 Includes
normal
and
surtax,
$242,930:
excess
profits
$2,795,973; post-war refund, Cr$279,597;
state
and foreign
taxes, $767,480; over-provision for prior year, Cr$17,434.
CONSOLIDATED
BALANCE
SHEET,
SEPT.
shares
tax,
income
Chicago,
Trust
or market;,, $3,607,814; investment in Black and Decker
(Australasia) Pty. Ltd., a subsidiary, $302,837 cash surrender value
of life insurance, $141,193; Canadian postwar refund of excess
profits
dental
•The
stock,
taxes
contingencies, $739,881; common without par value, stated value $5
share (outstanding 389,263 shares), $1,946,315; capital surplus,
$2,891,437; earned surplus,
$3,178,293;
total, $10,660,598.—V.
163,
|>. 1560.
If
NOTE—For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible.
order.
Expansion—
store
Equitable
property
by
Life
Assurance
this
N.
Society
corporation
Y.,_ has
of
the
.been
United
at
Fifth
Avenue
the'end
asss yws asw
SsSKMBon*"'TelIer'
Spencer Love," President,, .use
for working capital purposes to 'take
largely be
panded operations and
as
a
backlog for.
of
will
a
sales
result
are
of
acquisitions and
currently running
Mr. Love stated,
For
.
annual
on a
"
see
s
*-
•
S.
,
j:'-'--'
1
Working capital on Nov. 30, 1946
i94$, $1,285,968.—V. 164, p. 823.
was
1945
$3,464,412
89,378
$1,959,596 and
r,j
•
Vl
on
inci¬
common
Nov.
war
and
the
Admiral products
resumption
of
in Canada.
production
mm 1
x
SliiS?
as
,
v
Q
Hii/.
SSiJ 8
T b
second-class matter
held
Bank
and
& Plastics Corp., San
Juan, Puerto
company, with offices at 122
on
Jan. 16 offered
16,627
riuthdrlzed
at
$10
to
purchase
share.
per
such
"i
in
.***•* «h ASmlral
dies and
a
period of
the
of
14
stock
event
Admiral
of
---r.
materials
and
products.
first
was
President
years' experi¬
the Puerto Rico
many
industry, and officers and engineers of
Development Co., the Puerto Rico Development
Bank, the
Government, the Dvision of Territories in the Department of
Interior
and
the
Puerto
then
Resident
Rico.
Commissioner
" ^
in
Congress,
now
:
the
of
number
phonographs
'•
i-.
-
,
,
$11
will
cordance
with plans approved by the corporation, and it is estimated
the first building will be ready for occupancy about three months
that
after beginning of .construction.
The
to
corporation has purchased sufficient machinery and equipment
operations in the first building.
The remainder of the
and equipment will be purchased in Continental United
commence
machinery
States.
Delivery
stallation
of such machinery should
succeeding buildings , are erected.
as
occur
*
in
time
for
Corp.
(Del.),
the
PRODUCTS—Corporation proposes the manufacture of flat plywood,
plywood products, hollow and "sandwich" type panels, plyspecialties, veneers and dimension stock, lumber.
The
diversification
of products
thus projected is designed to utilize to
as
full an extent
as
possible the raw timber purchased.—V. 164,
p. 3139.
\
be
Carman & Co., Inc.—Preference Stock Sold
Corp.
OF ADMIRAL
(Del.)
will be given
an
days to .subscribe for 50,000 of the
offered
(hat
for
at
$3
subscriptions
per
are
share.
>'
received
.
from
Fasteners, Inc., Columbia,
Carney
was
164,
S. C.—Files with
SEC—
>
Celanese Corp. of
,
Field
work
the
on
Jan. '22.
York.
>
•
the
Daniel
Central
of
the
'•
new
Celanese
South
Cot
yarn
it was announced on
'
:
.
of-Greenville,. S. C.—V. 164, p. 3410.
Utilities
West
Co.
—
Invitation
for
The company, the name of which will, prior to delivery of the
shares, be changed to Central & South West Corp., pursuant to the
Agreement of Merger between Central & South West Utilities Co.
and American Public Service Co. is inviting: proposals for the pur¬
chase
of
such
of Central
«fe
number
of
South West
per share, provide funds
of the preference shares
of
American
.
Stockholders
of
more
Public
common
ment
stock
Service
of
shares of
Corp.,
in
of
Co.
Central
as
the
the common stock (par value $5)
will, on the basis of the net price
required for the retirement
amount
Central
not
&
&
South
deposited
South
West
West
for
Utilities
exchange
Co.
for
and
shares
Corp., pursuant to agree¬
merger.,.V XV,''.
.7 '•
;
Proposals shall be presented to Central & South West Utilities Co.
office ot Bankers Trust Co., Room 3, 16 Wall St., New York, 15,
N. Y., prior to 11 a.m.. EST, JTan. 27.—-Y. 165. p. 204.
the
of
.
pro-rata
..
.
at
;
c
7
:
(Continued
.
on
"page 536)
wn
York, N. Y., under the Act of March 3, 1879.
®;r|. 3°uth, and Qejxitral .Ame^rica, .Sp&in,^. Mexico and Cuba, $38.50 per year; Great Britain, Subscriptions in United States and Possessions, $33.00 per year; In Dominion of
HOTEJ On account of the fluotuatlona to the rates
Continental Europe (except Spain)* Asia
Australia and Africa, $42.00 per year.
ot exchange, remittance, tor
lorelgn wlicrlpUoos and
adverttaemenw must
be
■%>&.
•
acetate
cellulose
"
,
Construction
&
'
v
America—Erecting New Plant-
site
•
'
.
Proceeds will
Proposals for Purchase of Shares of Common Stock—
available
.than the 50,000 shares to be allotted to
company
wi>l either., allocate the shares to
subscribers
basis, except; that subscriptions for 50 shares or less
be reduce^ by
allocation, dr. Jnay,, with^the^^ written- aorisenfe;
of Dempsey &
Co., on or prior to the closing date, reduce, the
number.
of shares to be sold
through the. underwriters to the general
them,
'
\
producing plant at Rock Hill, ,S. C., has begun,
(DEL)—The
;:V-
-
Underwriter, Mitchell Securities Corp., New
used fo.r equipment and working capital.
25,000
133,000 shares
•'
The company on Jan. 13 filed a letter of notification with the SEC
for 32,950 shares ($5 par) capital stock to be offered at $6.50 a share.
opportunity for
the
>
/
of
265,007 shs.
CORP.
'T
Privately
The $1,250,000 Vh%
cumulative preferred stock ($100 par)
placed privately through H. M. Byllesby & Co., Inc.
(see V.
p. 3410)—V. 165, p. 204.
/
Outstanding
300,000 shs.
STOCKHOLDERS
Admiral
.
moulded
shares of the
will
x
in¬
?'
wood-lumber
manu¬
-
.'..
by the Development Bank to the corporation of the
$200,000 loan is subject to the corporation's showing a 7
capital and surplus of $300,000.
In the event that the cor¬
PLAlJT AND EQUIPMENT—The. Puerto, Rico Industrial Development
Co. has agreed to acquire land, and to erect
buildngs for lease to the
corporation, on a site selected by the corporation and built in ac¬
$50,000
•
i
pelease
paid-in
entitled
«<»
fixtures
(par $1),
now
'
-
/
poration sells, the 16,627 shares of common stock now offered at
per
share the paid-in capital and surplus of the
corporation
be $300,000.
consumer
—
Authorized
Corp.
■
the
Hn,8' Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570. Herbert D. Seibert,
^D,m ,Lg^' BusSess ^;^er. Published twice a week [every Thursday (general news and advertising issue) with a statistical issueEditOT and Publisher;
on Monday].Other
ihisiSSPi'L^at xJ^
gardens, London,. E. C„ England,Ic/o Edwards & Smith. Copyright 1947
February 25, 1942, at the post office f New
by William B. Dana Company. Reentered
■■
will be used in part to purchase and instal
the
in
The
Mil not
...
notes
National
With
public
-
promissory
authorized
bearing
^
OFFERING TO
stockholders
on; a
30,
pay
1589.
common
$300,000.*
inquiries from Canadian manufac¬
requesting an opportunity to manufac¬
or
Common stock
'
of
213,281
of
.(CAPITALIZATION GIVING EFFECT TO PRESENT
FINANCING
$4,358,760
u—
and
ranges
shares
radios,
The remainder of such net proceeds, between
$260,160 and $280,110,
together with th£ $101,000 received from the sale
In
LJ
.—-
electric
Canada
the
common
3Net earnings-
in
Canada
manufac¬
received
dealers
Coleman,
1946
Plywood
to
Plymouth
p.
to
Butler's, Inc.—Earnings—
®ales
distributing
in
of
Admiral Corp. has considered
Canadian market.
Corporation in the
common
stock to Admiral
for general
corporate purposes.
*
used
com-
at $31.25
Following extensive studies as to the feasibility and soundness of
the project, the corporation was formed and
formal applications made
to the Development Co.
for plant facilities under its aid
program,
and
to
the Development Bank .for
machinery and equipment loans.
Both thefee applications were acted
upon favorably.
*
The Development Co.
appropriated $300,000 for. the acquisition of.
land and the eous'truction of
buildings,, to be leased to the corpo¬
ration at annual rental of 2 % of cost wtih
option to purchase and
apply rent paid: to ^purchase price.
The Development Bank approved
a
loan of $200,000, the proceeds to be
applied to the purchase and
installation of machnery and equipment to the installed
valued of
years
company's
6 Months Ended Nov. 30—
organized
purpose
of
V. 165, p. 203.
,
be
com¬
par)
Tools, Jigs,
year,
President, 'oil Jan.' 2tf announced that the di¬
rectors of the company have just authorized an addition to their
main'
plant in Detroit, ,Mich., in .order to provide additional
productive
capacity towards meeting the constantly growing "demand for Bursough's products.—-V. 164, p. 2403.,
would
($25
Association, its parent,
Bank of Boston.
Wareham.—V. 164,
partially
Boston.
Construction of the new plant, part of the large-scale expansion
program of this corporation in the three major fields of chemicals,
synthetic textiles and plastics, received final CPA approval last Novem¬
ber.- Upon completion the Rock Hill plant is expected to cost in the
neighborhood of $37,000,000 and to employ about 3,000 persons.
A contract for the general building construction has been awarded
Burroughs Adding Machine Co.—To Expand Plant—
John
the
also
& Electric
to
of
purchased by the corporation
during the same period, 3 %
domestic, electric refrigerators manufactured
or
purchased by
the corporation
during any, three-month period, and 3% of the elec¬
tric ranges manufactured or purchased
by the corporation during any
three-month period.
The percentage in each case was
arrived at by
comparing Canadian sales by all manufacturers
of the
product in
question with U. S. sales
by all manufacturers -of the same product
during the period 1934 to 1941 and in
each case is greater than the
percentage of Canadian sales to U. S.,sales of the
same product.
; '
PURPOSE—The net proceeds to be received
from the sale of the
shares offered, if all such
133,000 shares are sold to stockholders of
Admiral Corp. (Del.) .or the
general public, will be an' amount
between $335,160 and
$355,110 before deducting estimated
expenses of
$15,000. s It is .presently estimated- that the
net
proceeds will be
expended approximately as follows:
Machinery and equipment for use -in
manufacturing and
1
' *
assembling company's products
.
annually,
v
report,
has
or
receive
of
,
expansion during the last fiscal
basis of around $200,000,000
of
purchase and -distribute
of
factured
early in Jfanuary cov¬
ering operations for the fiscal year ended Sept. 28, 1946 the
corpora¬
tion reported record sales of
$141,544,000 and net profit of $12,-920,000.
As
the
during any three-month period 5%
automatic record changers and
automatic electric
of greatly ex¬
postwar expansion
program. amounting to $7,000,000 to $8,000,000.
t
In its annual report: Released to stockholders
number
,
to
care
further
a
money'
the
was
for
sefi *
Burlington Mills Corp.—Places Loan Privately—Ar¬
rangements have been completed by this corporation
for a loan of $15,000,000 with the Prudential Life Insur¬
ance Company of
America, it was announced on Jan,.21.
The loan is in the form of long-term sinking fund notes
With payment Starting "in 1952 and running through 1967.
According to" J.
a
•
Mr. Hoving said the deals had been made to facilitate the store
expansion plans of Bonwit, Teller and at the same time improve the
Investment position of the Hoving Corp.—V. 164, p. 552. ~
?•
the
,
years
distributors
to
is
Co., that
authority to sell 2,518 shares
commitments
cash
Governor of
all
several
Utilities
Industrial
to
turers,
ture or
purchased by' the
States, which has
of
^Shares of
for
Insular
patents,
advisability of entering the
past
occupied
Street,4in New York,
Public
sale of 3,000
Gas &
Englan!
financing, already
„
PROPERTY—Corporation
appliances.
BUSINESS—For
the
for
funds
National
Bank
related
ence
,
Sells, Then Leases Site—Plans
of
New
proposed
The original plan "for the
organization of the corporaton
projected about two years ago in discussions between the
and Vice-President of the
corporation, both with
133,000
of the 133,000 shares
included in the present
offering are
stockholders of Admiral Corp..
(Del.) and the general public,
slightly over 50% of the outstanding shares of the
company will be
publicly
^ownedv and Admiral Corp. (Del.) will own 132,00? shares,"
or-slightly under 50% of the outstanding shares of the
company.
All of the 'cash
capital .with the exception of the
$101,000 paid by
Admiral Corp. (Del.) will
havfe been provided by the stockholders of
Admiral Corp. (Del.) and the
general public.
-
sold
56th
and
Agent and Registrar, Harris Trust and
Savings Bank,
Transfer
Agent
and
Registrar, Crown
Toronto, Can.
company has outstanding at present
132,007
100,000 shares of which have been
certain
SEC
parent,
The
was incorporated under the
laws of the Ter¬
of Puerto Rico, U. S.
A., on Aug. 26, 1946, for the purposes
conducting a comprehensive ' and integrated
plywood operation ineluding the purchase, sale, processing,
manufacturing, fabricating and
development of timber, lumber,; veneer, plywood and certain
plastics
Offered—As
issue of
new
issued to Admiral Corp.
$5,000 in cash and for the transfer to
the Company
patent applications and
trade-marks, including
Canadian rights to the use of the
name
"Admiral," all originally
acquired by Admiral Corp, at a cost
of less than
.$10,000, certain
contracts with Canadian
manufacturers for. the purchase or sale
of
substantial amounts of radio-and
automatic electric
phonograph equip¬
ment, and other assets, all pursuant to
a
contract dated June 19,
1946 and 32,000 shares of
which have been issued to Admiral
Corp.
in consideration of
the payment of $3
per share,
or
an
aggregate
•consideration of $96,000.
The 100,000 shares
acquired by AdmiralCorp, will be placed in escrow.
per
The
home
its
HISTORY—Corporaton
the
reserves
and
a
in consideration of
of
Jvhen due, of of Australian $868,889; reserves for intercompany, profit
$1,025,820, subsidiary, $21,000;
inventory
for post-war
Bonwit, Teller, Inc.
Ltd.—Stock
stock
electric phonographs, electric refrigerators,
.LIABILITIES—Accounts payable, $960,076; accrued accounts, $54,706;
estimated Federal, state and foreign taxes on income (after U. S. and
„
Corp.,
issue of Jan. 20;
4, 1946, by Admiral Corp. (Del.)
turing, assembling or purchasing, and
(est.), $45,867; mortgage note receivable due Sept. 15, 1949,
$42,940; sundry investments, accounts, -advances and deposits, $332,023;
property, plant and equipment
(after reserves for depreciation of
$1,298,509), $1,842,257; good will, $1; deferred charges (supply inven¬
tories arid prepaid expenses), $42,363; total, $10,660,598.
to
share.
a
of
Canadian
Guarantee Co.,
June
taxes
n
our
BUSINESS AND
lower of cost
foreign tax savings certificates, purchased for payment of such
Illinois.
and
-
ritory
common
„,u- S. Transfer
ASSETS—Cash, $752,803; U. S. and Canadian Government securities
cost, $1,374,525; trade accounts receivable (after reserve of $27,565),
$2,175,973: inventories (at standard costs which are generally the
at
'1946
$5,196,000
corporation's plant in Puerto Rico,
and part to provide operating
capital for
the
corporation, which
operating capital will.be supplemented
by a $200,000 open line of
credit which has been
arranged with the Banco de
Ponce, Ponce, Puerto
Rico and 67 Broad
Street, New York.
(par $1) was offered to the
public Jan. 14 by an investment
banking syndicate
headed by Dempsey & Co.
The offering is subject to the
right of stockholders of Admiral
Corp., parent, to sub¬
scribe to 50,000 shares.
The stock is priced at
$3 a
share.
Further details follow:
1946
30,
of
1947
.
to the First National
Bank
by Plymouth County Electric
PURPO^E^The proceeds
$1,369,953
-----
Admiral
mentioned in
eludes
5%
($2.50 par) at $11 per share.
.
Canadian
5%
capital 6f the • corporation fs'
stock (par $2.50).
Of this stock, 9,963
shares have been issued for
cash, and 1,748 shares for
property, at 'v
$10 per
share.^ Of the 88,290 shares authorized but not issued, 3,200
shares are reserved for
issuance, 1,600 shares each to F. Martin Weir
and Eugene R,
O'Hare pursuant to
100,000
$1,933,136
613,183
earnings
—V. 164, p. 2012.
""Includes $2,890,082 for excess profits taxes, Cr$289>008 for post-war
of Federal excess profits tax, $550,428 for state and foreign
income taxes, and $56,122 for under provision for prior years,
tin-
-
Department
filed
i, ^j^APCTALIZATIOKr*~Th6
1948
taxes
stock
$50
42nd St., New York
shares of common stock
Net
refund
at
Mass.
machinery and equipment
—
power,
Pate,
£%
'
,
.East
Ltd.—Earnings—
MONTHS ENDED NOV.
St
$4,980,000
England Gas
Caribbean
2283.
p.
•
Rico—Stock Offered—The
stock
Jersey
600,000
856,379
Bank
st
m
$1,660,94&
$1,893,961
common
Smith
asked the SEC to permit its
proposed
docket
The
National
$1,902,346
241,397
24,844
National
McAlister,
10%
Ry.—Earnings—
14—
common
the
New
to
share.
a
by
asked the
rmon
729,500
95,450
$2,110,428
241,310
Jan,
par)
another
pany
727,754
310,800
69,500
3139.
per-
follows:
Irving J. Rice & CompanySidlo, Simons, Roberts & Co.
Cape & Vineyard's note
In
C^IIite Tungsten Corp.-
<"3,511;599
$1,329,896
Net profit
(Common dividends
pay
6,615
876,223
deductions
the
)■
Association,
approved
607,442
639,200
(net).
and
are as
Company—
Vineyard Electric Co.1—Financing—
($25
Electric
261,653.
trar
post-war contirig.—-
shares
$6,148,488
$1,869,117
income
&
,
12%
Chi¬
of
'company has
'i
{
Other
"
per
Federal
taX—
operating revenues
:
Rent for lease of electric
plant
less
_
Earnings
than
income
Ended
Cape
649,192
6,615
investment—
Net
6~2~4~961
$4,876,847
81,613
Tajfces on income (est.)- ••1,895,632
22,790
'.fcExchange adjustment
Prov. for war-time and
stk.
limited-term
underwriters
^rnlngs ' (approximate)
1945
462,670
—
excess-profits tax
Special amortiz. of debt discount and expense
2,286,164
557,913
income
com.
:
——
of
16%
165, p. 334.
Week
•
$1,393,249
1946
Federal
84,258
547,942
$3,829,931
Shs,
r:-
$7,959,350
2,477,238
580,971
exps-
Operating profit
deductions,
other
783,512
lend-
(Cr)
gen.
Other7
:
Amortization
the
White
12%
;
Canadian Pacific
$1,297,386
30—
of the 50,000
excess
579,068
626,134
$81,806
—V.
$2,755,829
1943
$7,827,740
2,620,818
3,095,290
37,325
Depreciation
*
$7,328,446
Nov.
Maintenance
Co.—-
First Securities Co.
20,170
$2,444,557
521,037
750
$17,008,194 $16,561,441 $17,543,803 $19,861,289
9,528,960
9,232,995
9,716,064
11,901,940
$7,479,234
Gross
1944
$165,940
46,803
$67,401
Ended
&
in
be purchased by each
25%
cago
$135,440
38,359
income'
Federal
1945
Hirsch
*-
92,303
29,680
Months
Taxes
1946
419
Dempsey & Company
Ames, Emerich & Co
Doyle, O'Connor & Co
868,555
17.497
of
names
;/centa8e of.un8Ubsprll:ied sbiaies to
$2,735,659
$6,874,423
2,'060,594
Black & Decker Manufacturing Co. (& Subs.)—Earns.
?
951,044
$2,352,254
1,000
•
203.
p.
H.
24,323
$165,521
(net)
fili iny subscriptions
xy-'):...
v
,
UNDERWRITERS—The
1945
$7442,515
3,538,302
164, p. 3410.
12
500
1,500
Hendrix & Mayes, Inc
*—__
$7,515,350
4,212,052
California Oregon Power Co.—Earnings—
1,000
——
5,000
&
income
Net
1,000
A. C. Allyn and Co.,
Blair & Co., Inc.—
shares.
26,088
•*
income
follows:
as
are
and
12 Mos
$117,943
exps.
revenues-
621
to the extent
necessary to
*
Consolidated) >
,1946
j.
Gross income
Total- income deducts—
Kov. for Fed. taxes on I
preserve
that identity.
names
cper.
Other
1
UNDERWRITERS-—The
&
Not *
!
Net
shares, identified originally .and in
refunding or replacing the old pre¬
not
deducts*.
rev.
costs
Subs.
1946—Month—1945
$559,734
$500,947
411,703
311,103
'
these
as
oper.
Non-util.
*o*,uudshs.
800,000 shs.
.
X7tilv.
2,500,000'
CHRONICLE
Co,—Earnings-^-
' IdncX Consol.' Subs., ButMexican
J
Outstanding
1974__$100,000,000
instalment notes pay. due semi-ann.
1947
,
due
PRESENT
1: ■¥$
| ££
1
'
i^^ ^^^^CiAL^FINANClAL
~
Not
Tork
tods
-
THE COMMERCIAL &
528
Capital Flotations in the United States During the Month of December
And foi the Twelve Months of the Calendar Year 1946
The
'•
f:-
:■
$774,353,675 was exceeded
by only two other
$30,000,000 2%% first mortgage and refunding
bonds, and $30,000,000 (300,000 shares) 3.8% preferred
stock; and $25,000,000 debentures for each of the follow¬
ing: Anderson, Clayton & Co., Inc.; Celanese Corp. of
America, and Household Finance Corp. There was also
an issue of $20,000,000 2%
equipment trust certificates
sold by the New York Central RR.
tric Co.,
months,
May and July, when $855,087,519 and $818,475,112 were
recorded, respectively, and thus compares favorably
with the monthly average of $546,979,536. This remark¬
prevailing bear¬
achieved despite the
able showing was
which has continued since August. An¬
other factor which can be attributed to the large total
for the month is the amount of private financing. While
the month's'totar does not compare with $343,142,000
ish stock market
placements for December although not play¬
prominent a part in the month's financing as they
November, comprised 42 separate issues aggregat¬
Private
ing
as
did in
reported for November, December private financing in
the amount of $189,848,481, or 24.5% of the aggregate
total, should be taken into account. It should also be
noted that the $330,187,700 debenture is'sue of the Amer¬
ican Telephone & Telegraph Co. listed in our compila¬
tion accounted for another 42.6% of the month's aggre¬
ing $189,848,481, or 24.5%, of the total.
The November
placements through the private route aggregated $343,142,000, the largest monthly total ever recorded as being
privately sold, and represented 50.7% of the total for
that month compared with 35.3% for October, 25.1% of
the issues so placed in September, 45.3% of the August
Of the. month's total, $668,968,183, or
and $105,385,492,
fifth consecutive
month and the sixth in the last 47 months in which new
money financing exceeded refunding operations.
^For the month of December public utility issues ac¬
counted for $462,942,500; other industrial and manufac¬
turing, $167,086,694; railroads, $47,200,000, and all others,
figures, 26.7% of the
July total,* 10.5% of the issues so
placed in June, 12.5% of the May total, 12.1% of the
April figures, 9.4% of the issues so placed in March,
29.8% of the February total and 13.3% of the Jan. total.
gate financing.
86.9%, was for new money purposes
or 23.1%,
for refunding.
This is the
Municipal financing for December footed up $169,750,382, of which $119,479,064 was for new money and $50,271,318 for refunding. The month's total compares with
$71,465,300 for November and $82,195,838 for Dec., 1945.
$97,124 481.
The principal issues for the month were $330,187,700
American Telephone & Telegraph Co. 15-year 2%% con¬
vertible debentures; $50,000,000 (500,000 shares) Westinghouse Electric Corp. 3.80% cumulative preferred
stock; $36,000,000; Kansas City Power & Light Co. first
Below
we
.
1944, showing the different monthly amounts of
corporate financing, Revisions of the 1946 figures may
uary,
BY MONTHS
f
$
$
$
New
Total
Refunding
Capital
Capital
New
Total
Refunding
Total
Refunding
Capital
$
$
$
,
$
38,773,350
62,615,780
45,455,742
137,683,000
103.534,713
176,456,350
160,961,995
148,990,455
146.844,872
339,563,928
486,408,800
278,899,772
162,182,000
322,970,703
68,071,687
295,766,014
363,837,701
141,067,908
736,847,786
877,915,694
563,122,202
367,086,226
80,585,300
665,545,237
526,446,349
81,937,425
76,399,341
36,115,868
36,398,283
108,100,665
189,591,294
85,002,408
184,500,006
225,707,162
785,583,035 1,409,418,213 2,195,001,248
263,135,283 1,010,793,728 1,273,929,011
148,913,492
382,694,367
531,607,859
1,096,184,762 2,099,804,269 3,195,989,031
404,203,191 1,747,641,514 2,151,844,705
295,758,364
722,258,295 1,018,016,659
966,370,209
247,624,054
247,624,054
112,954,001
112,954,001
270,262,410
270,262,410
317,878,811
317,878,811
307,169,645
435,484,918
435,484,918
310,601,727
-690,386,056 1,000,987,783
April
May
289,889,643
183,983,528
June.
311,709,864
387,662,791
671,103,991
350,651,431
102,423,035
159,360,123
1,352,125
January
1
February.;-.
—
-
-
134,670,053
47,616,401
307,169,645
128,315,273
Mprch—
First quarter
44,070,931
28,925,290
^
191,107,290
.
V.;
article.
/'v'S'•
huge total for 1946 may be attributed to the aftermath of
the war which necessitated among other items the trans¬
portation home of troops from foreign lands and the
maintenance of occupying forces in the conquered coun¬
tries.
Of
Second quarter—
'"Six months
July...
August
September
>
1
\:J, ;•
Nine months
98,346,215
October..
November
——
:4
.
Fourth quarter
—
812,260,915
30,208,620
161,752,988
143,408,024
407,642,920
219,080,801
248,980,985
437,851,540
425,940,883 1,798,499,779 2,224,440,662
193,109,384
712,803,942
905,913,326
488,867,748 1,435,062,237 1,923,929,985
214,109,222
60,690,076
136,614,813
.
256,909,782 1,782,390,468
1,525,480,686
445,809,538
57,327,813
105,572,951
212,213,966
107,541,795
106,185,122
691,922,565 1,585,374,932
1,989,637,129 2,791,726,834 4,781,363,963
266,634,761
65,208,350 .*■ 331,843,111
676,199,682
589,877,742 v
86,315,940
774,353,675
668,968,183
105,385,492
^
I December
121,400,691
830,144,074 3,546,141,293 4,376,285,367
■
449,673,579
97,607,061
144,641,925
893,452,367
'Third quarter
'■tiffin
818,475,112
451,909,142
314,990,678
368,801,533
354,302,081
170,348,753
——
167,773,361
754,156,243
338,267,743
706,075,793
989,700,890 1,203,810,112
102,481,627
163,171,703
347,546,911
515,320,272
26,565,747 '
20,434,385
total
corporate emissions for 1945 long-tenii
$4,485,651,800, compared with
in 1945, while preferred and common
stocks aggregated $2,078,102,831, as against $1,320,747,834 in 1945. Of the total 1946 financing $3,515,117,815, or
bonds and notes added up
$4,937,839,620
early in 1946 after the end of the excess profits tax on
Dec. 31,1945, which was one of the chief factors contrib¬
uting to the wave of corporate refunding operations in
1945.,
618,835,452
338,394,097
116,304,052
755,450,265
364,959,844
136,738.437
corporate financing for 1946 the largest
portion, $2,093,153,858, or 32%, went to the public utili¬
ties, as against $2,397,420,784 in 1945; other industrial
and manufacturing came next with $1,841,863,581, or
28%, as against $1,299,812,337 in 1945; railroads account¬
ed for $729,878,000, or 11%, compared with $1,507,691,800 in 1945; oil took up $629,699,533, or 9%, against
$305,689,452 in 1945; iron, steel, coal, copper, etc., $205,551,962, or 3%, as against $214,227,271 in 1945; motors
and accessories, $366,758,560, or 6%, while in 1945 only
$33,635,594 was contributed from this source; all others,
with
the
exception of companies
classified under
"miscellaneous," accounted for $125,976,892, while mis¬
cellaneous added up $570,872,045.
Following is a tabulation of the annual corporate fig¬
ures for the past 12 years
according to each type of
security:
DOMESTIC
183,614,945 1,073,533,601 1,257,148,546
442,572,659 1,439,729,428 1,882,302,087
V.
.
the
Of the total
677,552,434
855,087,519
662,361,295.
j-'
Incidentally, the indebtedness incurred by the Treas¬
last year through the public sale of its securities
amounted to $108,364,006,119, compared with $159,250,090,995 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 government between.
1942 and the present time was a direct result of World
War II which same to a successful conclusion with the
unconditional surrender of Japan in August of 1945. The
ury
was
—tl944
,
1946
financing the year 1946 will rank as one
of the most noteworthy in history.
Only in three other
years, according to our records, were the 1946 figures of
$6,563,754,431 exceeded. The other years in the order
of their magnitude were 1929 with a record total of
$10,026,361,129; 1928, $7,817,877,031, and 1927, $7,319,195,804. We may also mention here that government,
municipal and farm loan and government agency figures
are excluded from the above totals, but are shown sep¬
arately in our compilation given on another page of this
For corporate
53.4%, was for new money and $3,048,636,616, or 46.6%*
refunding, compared with $1,272,716,733 (20.3%)
and $4,985,870,721 (79.7%) respectively, in 1945.
The
contraction in refunding operations became noticeable
1946, 1945 AND 1944
fi94&
—fl946
New
particularly as additional private financ¬
ing is brought to light.
FIGURES
CORPORATE
OF
SUMMARY
:'<*>
present a tabulation of figures since Jan¬
be necessary,
Results for the Full Year of
Philadelphia Elec¬
mortgage 2%% bonds; two issues of
corporate emissions for December with
the previous months of 1946 we find that the total of
Contrasting
^
Monday* January 27, 1947
FINANCIAL CHRONICLE
ISSUES
CORPORATE
Calendar
Twelve months—
3,515,117,815 3,048,636,616 6,563,754,431
672,482,693 2,508,595,838 3.181,078,531
1,272,716,733 4,985,870,721 6,258,587,454
Bonds and
Preferred
Common
Years
Notes
Stocks
Stocks
1946
1945
,
fRevised.
;;;
1944
NOTE—The following
changes have been made in the years 1946 and 1945.
1943—
''
.^,^NG-TERM
..
BONDS AND NOTES,"
- '
•
Month
Add
Jan.
Add
1946
Classification
Bldgs.,
Feb.
1946
Land,
Deduct May
Deduct May
1946
1946
Allocation of Proceeds
1946
Public
July
Other
Add
1946
1946
Aug. 1946
Sep. 1946
Add
Oct.
1946
Miscellaneous
Add
Oct.
1946
Add
Apr.
Add
July
Add
1945
1945
1945
Apr.
Add
July
Miscellaneous
Public
Public
(111.), 1st mortgage 25-year 2%% bonds, due July 1, 1971
Bridgeport Gas Light Co., 30-year 2%% gen. mtge. bonds, due Aug. 1, 1976
Contract Purchase Corp., subordinate debentures, due 1951-55—
—
Transcontinental & Western Air, Inc., 2J/4% sink, fund debs., ser. B, 1951
Middle Kamp Building Corp., 4%
1st mtge. sinking fund bonds, due 1960
Robert Gair Co., Inc., 1st mtge. & coll. tr. sink, fund 3J/4% bond, due 1961
West Virginia Water Service Co., 1st mortgage bond 3% % series, due 1975
Black Hills Power & Light Co., 1st mortgage bonds, series B, due 1975—
Middle States Utilities, Inc., 25-year convertible income debentures
Middle States Utilities, Inc., 1st lien coll. trust 4% bonds, ser. A, due 1970
Ohio Water Service Co., 1st mortgage bonds, 3l/e%
series, due 1975
Illinois Consolidated Telephone Co., series B 3% bonds, due Sept. 1, 1976
Missouri Edison Co., 1st mortgage bonds, series A 3%'%y due July 1, 1975
Falstaff Brewing Corp., 15-year serial loan
—
Indianapolis Water Co., 1st mortgage 3% bonds, due Nov. 1, 1975
Prosperity Co., Inc., 3%% debenture notes, clue 1947-55——
Southeastern Corp., 1st mortgage & collateral trust 4y4% bonds——!—
Western Kentucky Gas Co., 1st mortgage 4% bonds, due Nov. 1, 1965
Burry Biscuit Corp., 4J/2% sinking fund debentures, due Nov. 1, 1955
Central Kansas Power Co., 2.95% 1st mortgage 25-year bonds——
Conlon Corp., 4Va % 12-year 1st mortgage loan
Empire State, Inc., 5% debentures^ due Dec. 1, I960
——
Greater New York Industries, Inc., 4%
10-year serial debentures—
*
*
*
*
Utilities——*
Utilities
public Utilities
*
Utilities
Public Utilities
Public
Utilities
*
*
*
*
Add
July
Add
July
Add
Sep.
1945
1945
1945
1945
Add
Oct.
1945
Public
Utilities
Deduct Nov.
1945
Other
Ind.
Nov.
1°45
Public Utilities
Nov.
1945
Other Ind.
1 45
Public
A^d
-
Add
Aad
Nov.
Add''
Nov.
Public
& Mfg-
*
& Mfg.-*
Utilities
*
Utilities
*
Ind. & Mfg.-*
Utilities
*
1945
Public
Add
Dec.
1945
Other
Add
Dec.
1945
Public
Add
Dec.
1945
Other Ind.
Dec.
1945
Land,
Bldgs., etc—*
Dec.
1945
Other
Ind.
Add
;;
Add
•
& Mfg._*
& Mfg._*
Dec.
1945
Public Utilities
Add
Dec.
1945
Public Utilities
Add* '
Dec.
1945
Miscellaneous
&
Other Ind. &
Other Ind. &
Other Lid. &
Add
-
*
*
*
Lynchburg Gas Co., 1st mortgage 3V*% bonds, due 1970
Southern Colorado Power Co. 1st mortgage 3% bonds, due Nov.
United-Rexall
Add •
Feb.
1946
Add
Feb.
1946
1946
Add
Feb.
Add
Mar. 1946
Deduct
Mar,
1946
Add
1946
May 1946
Add
Jun.
Apr.
Add
Other Ind.
Mfg.-*
Drug, Inc.,
coll. trust 3%
sec.
debs., due Dec.
Cuneo
Mfg—
Mfg.—
Mfg.—
General
Press, Inc., 20,000 shares 3%% preferred
Packer Bill Co., 50,000 shares common
(par $1)
15, 1965—
390,025
10,000,000
200,000
2,250,000
535,000
3,500,000
635,000
769,800
750,000
1,000,000
317,000
583,000
365,000
480,200
& Mfg.—
;.
1946
Other Ind.
Jun.
& Mfg.—
*
1946
Miscellaneous
Jun.
1946
Miscellaneous
1946
Miscellaneous
200,000
4,000,000
665,000
450,000
5,000,000
1,300,000
2,000,000
300,000
Add
Jun.
1946
Miscellaneous
Add
July
Add
Sep.
')
Add
1°46
1946
Sep. 1946
Add
Jun.
Invest.
.
Gray Drug Stores,
and 40,000
100,000
245,030
290,000
Trusts, etc—
Accessories-
1943
1942
1941
1940
1939
1938.
1937
1935—
1934
-
Municipal Financing for 1946
1946, the record reveals that
borrowing by states and municipalities aggregated $1,-
160,496,166, this being the largest total achieved since the
sales of $952,615*173 in 1941, a prewar year. Sales dur¬
ing 1945 were $794,740,667, contrasted with $638,909,818
in 1944; $435,223,191 in 1943, and $523,704,607 in 1942.
The volume of new capital borrowed during 1946, as
distinguished from refunding operations, was substan¬
tially greater than for any year since 1939* For com¬
parative purposes, we give the following tabulation of
operations for the past several years:
Grand Total
1946
$1,160,496,166
794,740,667
638,909,818
435,223,191
1942
523,704,607
1941
WWOO
4,000,000
952,615,173
1,234,916,402
1,125,901,000
1945
1944
106,050
508,500
100,000
Carley Trailer &
calendar year
1943
86,130
Inc., 3,190 shares common—
For the
Year—
203,800
—
Equiment Co., 4,000 shares 5% cumul. pfd. (par $25)
Motors & AccessoriesCarley Trailer & Equipment Co., 20,000 shares common (par $1)
—
Public Utilities*
West Coast Telephone Co., 60,000 shares 1.20% cum. preferred (par $25)
Miscellaneous
National Grocery Co., 28,345 shares common (par $2)—----Public Utilities
*
Central Illinois Elec. & Gas Co., 10,000 shrs. 4.10% cumul. pfd. (par $100)
Public Utilities
C Arizona Edison Co., 15,365 shares common (par $5)—
Public Utilities
Empire Southern Gas Co., 15,720 shares commort .(par $10)-*
rr—
Miscellaneous
i.
General Finance Corp., 30,000 shares series A 5% preferred (par $10)—
Other Ind. & Mfg.—
Jant*en Knitting Mills, 3,000 shares 5% . cumul. preferred
(par. $100)—
Other Ind. & Mfg—*
Automotive Corp., 126,934 shares capital stock (par $l)—
Motors &
.—
212,500
City Merchandise Mart, Inc., 5,00O shares common (par $10)—
Fire & Marine Insurance Co., 100,000 shares capital stock
Pharmaceutical Organics, Inc., 35,350 shares class A common (par $3)
Insuranshares Certificates, Inc., 101,700 shares common (par $1)
-*
———
227,500
Founders
Add
1944
1940
100,000
1,500,000
Total
$811,841,751 $6,563,754,431
284,266,445
6,258,587.454
3,181,078,531
101,223,891
43,079,643
1,080,868,131
1,042,520,276
19,239,518
2,618,804,746
79,901,271
81,616,848
2,762,577,838
72,759,242
2,196,166,420
19,150,284
2,140,494,689
2,433,692,159
292,013,451
282,063,717
4,631,945,681
27,180,244
2,267,428,765
31,402,899
491,094,449
$4,485,651,800 $1,266,260,880
4,937,839,620
1,036,481,389
410,630,640
2,669,224,000
130,710,988
907,077,500
110,158,408
913,122,350
219,228,275
2,319,675,200
246,315,690
2,434,645,300
161,158,178
1,962,249,000
78,560,510
2,042,783,895
468,395,208
1,673,283,500
285,840,364
4,064,041,600
123,650,746
2,116,597,775
3,198,450
456,493,100
1945
856,000
■
Kansas
Jun.
Add
Add
Stocks
500,000
Standard Varnish
Miscellaneous
Rubber
$5)
Works, 49,006 shares common stock (no par)
Frontier Industries, Inc., 29,000 shares common stock (par $1)
Armstrong Rubber Co., 12,500 shares class A common
Fernstrom Paper Mills Co., 2,038 shares common (par $100)
Common
Stocks
850,000
;
CANADIAN
Preferred
Notes
1936
1,100,000
—
INCLUDING
Bonds and
1946
1,500,000
6,500,000
600,000
mm**— —
FOREIGN,
AND
Calendar
Years
509,975
95,000
1,500,000
I
Alloys Co., 32,500 shares common (no par)
American Time Corp., 20,000 shares 6% preferred (par
shares common (par 10) in units
DOMESTIC
800,000
1, 1970
(par $100)
1935
50,000,000
STOCKS
Other Ind.
1938
1934.
1,750,000
—
1940
1939
1936
35,000,000
1986
1941-
1937
6,000,000
Armour & Co.
& Mfg.-*
Utilities
——
$4,000,000
Mountain States Telephone & Telegraph Co., 2%% debentures,
Burdine's, Inc., 3V*% 20-year 1st mortgage loan, due 1954-66
Land, Bldgs., etc
*
Other Ind. & Mfg—*
Add
Ind.
Public
Refunding
10,000,000
*
Miscellaneous
July
New
.
Transcontinental & Western Air, Inc., 2%% sinking fund debs., due 1951
Transcontinental & Western Air, Inc., 3% debentures, due June 1, 1956—
etc—•
Utilities
Add
issue—'•*
$3,500,000
Miscellaeonus
Add
of
Pacific Finance Corp., 10-year 3%% sobordinate note
Madison-Murray Corp., real estate loan
Miscellaeonus
Deduct Jun.
Name
-
_*
Miscellaneous
„
1942——
• '
"
*
Total
$802,999,251 $6,420,461,931
$4,351,201,800 $1,266,260,880
278,823,945
6,200,881,482
4,883,239,629
1,033,817,917
101,223,89li 3,121,828,531
410,630,640.,.
2,609,974,000
130,710,988
.43,079,643 f 1,060,618,131
886,827,500
18,817,643 , 1,042,098,401
110,158r408r,
'913,122,350
79,901,271
219,228,275
2,618,804,746
2,319,675,200
81,616,848
2,762,577,838
246,315,690
2,434,645,300
72,759,242
161,158,178
2,116,666,420
1,882,749,000
2,140,432,189
19,087,784
78,560,510
2,042,783,895
292,013,451
2,433,692,159
468,395,208
1,673,283,500
282,063,717
4,578,945,681
4,026,041,600
270,840,364
2,267,428,765
27,180,244
123,650,746
2,116,597,775
489,894,449
31,402,899
3,198,450
455,293,100
1939
New Capital
$952,242,867
470,897,167
Refundings
$208,253,309
.
323,843,500
404,000,156
259,481,836
181,264,294
434,509,900
477,764,723
195,079,000
234,909,662
•
175,741,355
342,440,313
518,105,273
757,151,678*
930,822,008
-
1945
Add
Aug. 1945
Add
Sep.
1945
Nov.
1945
Add
Nov.
1945
Add
Dec.
1945
Add
Dec.
1945
Add
Dec.
1945
Add
*w:
;
—
privately.
:
ill
"N,2
~
:
'235,800'
300,000
>
♦Indicates issues placed
297,622
1,000,000
261,205
"
300,000
415,074
Iii connection with the above tables and all similar
figures for that matter, it should be made clear that
they represent only bond issues sold by states and mu¬
nicipal taxing units to private investors and do not em¬
brace loanSiPlaced
latter
ti"
.v:i;
are
with eany Federal agencies.^ These
included in our tabulations only when they
lilliiii&-isaiiSlSf#lit::
'My:
Number 4563
Volume 165
Wi>&
have
subsequently been resold by such bureaus td. investment bankers and dealers.
Moreover, the totals
dude'all' bonds that
reappear in the mteket in
conse-
added, were extremely heavy* ih Tecent years with the
prbceeds usually being employed by the seller in the
^
"
ex-
quence of
,
..
,
„
•"
j Below
series, due
expansion).
OF
MUNICIPAL
FIGURES
New Capital
$
Refundlng
68,431,748
2,912*000
23,000,500
31,179,000
$
56,922,350
56,263,931
March
April
July
:
August
September
49,150,000
"
69,486,300
December.
12
24,473,771
498,200,997
952,242,857
446,135,026
98,251,398
209,705,640
307,957,038
during the year 1946, giving at the
theses) the purpose of the issue:
.
34,020,196
25,000,000 Celanese Corp,
debentures, due
28,892,195
34,161,742
38,330,600
7,132,000
2,587,400
31,248,000
66,450,540
7,358,500
p 44,560,023
9,461,000
46,882,703
67,222,795
'• "
;
i'*
•
5,670,335
19,549,800
14,245,681
33,795,481
stock
348,605,641
136,658,264
194,294,516
404,000,156
638.909.818
25,000,000 Armour & Co. 3V2%
nated)
debentures
due June 1,
2%%
1966
1,
due Jan.
1966
RR.
1st
1,
RR.
1996
Service
due
Inc.
preferred
2%%,
series
2%%
(Del.)
f.
s.
Electric
Pacific
1, 1976
25,000,000 Natural
and
26,000,000 Wisconsin
F,
3'/2%
June
cumulative
(corporate
1st
pur¬
f.
deben¬
mtge.
bonds,
Electric
1st
2%%
bonds,
Power
mtge.
2%%
series,
Co.
series, par $100
260,000
shs.
of
preferred
(refunding).
23,500,000 Pennsylvania Electric Co.
1st mtge. bonds,
1976 (acquisition of constituent company).
2%%,
due
$125,000,000 American Telephone & Telegraph Co. 40-year 2%%
bentures, due 1986 (extensions, additions, etc.).
2%%
debenture
Pipeline
trust
•
•
Co.
of
bonds,
America
2.60%
bonds,
1st
•
due
■
mtge. pipeline
due 1963 (pay
series,
80,000,000 Texas
1971
81,602,000 Union Pacific RR. ref. mtge. bonds,
1991 (refunding).
series C,
2%%
Co.
50,000,000 Armour
MARCH
&
debentures,
(111.)
Co.
1st
(refunding).
due
in total
due
bonds,
2C-year
2%%
deben¬
36,000,000 El Paso Natural Gas Co. 1st mtge. pipe line bonds,
series, due 1966J (refunding, construction).
37p
Pacific
RR.
1st
mtge.
1, 1961 (refunding).
23,200,000 Sagucnay .'Power
Co.,
Ltd.
bonds,
1970
Power
Co.
1st
(refunding).
:
34,000,000 Brooklyn fJnioru Gas
2Vi%, series G,
dije
'J
.
mtge.
a
bonds,. 3 %
series
-
Co.
mtge.
gen.
1976 (refunding).;
»
bonds,
•
2%%
1,
due
1966
Corp.
27/s %
20-year
APRIL
purposes).
mon
-1
,
series F, due April 1,
bank
1986 (refunding).
Transmission
series,
&
due
Co.,
1966
series,
debentures,
1966
(re¬
July
1,
Ltd.,
Northern
Jan.
1,
Inc.
29,000,000 General
f.
2%%
due
pose,
due
Power
&
Co.
Products
notes,
bonds,
mtge.
15,
Corp.
MAY
and
1971
series
R,
1971
coll. trust
shs.
no
due
May
45,000,000 Illinois
;•
15,
Power
1st
Co.
1976 (refunding),
_
.;
series C, due April
44,660,000 Consolidated
Mir
more;
40,000,000 American
!:|4
I)
RR.
1st
..
&
^bhing;:MU1 Cni; VA%]
telephone
1971,
$1,256,000
Oct.
&
Power
series,
£ •> ;
3%%
Cq,
series N 2%%Co.
2y2%
s.
due
due
Telephone
due .1981
loan
&
&
Telegraph
Light Co.
1st
I
j -
mtge.
due*ig76 (refuhding). \
,
,
,
.
due
Co.
'
,
:
1,
;
;
! ■;
44:'.-'4
N
4
i
''1'
4,.
par).
(Pur-
bonds,
mtge.
of
3 Vb %
properties).
debentures,
due
2J/4%
12-year
1%%
serial
'
>
.
T
(R.
;
i
debentures, due May
t
^
Electric
J.)
Reynolds
annually
capital);
series
no
Co.
;
1950-66
1,
Co.,
3%
Nov. 1,
; v-
par value
debentures,
of
Brockton
Aug.
(Mass.)
L.)
of
1,
(The)
Budd
short
;
consol.
2Vz%
preferred stock,
term
due
loan ;and
.
Records,
preferred stock
33/4%
|tt$
due
gbfi:*
preferred stock |
cumulative
|
3%%
s.: f.
convertible
Corp.,
debs.,
shares
50,000
$30,000*006
Inc.,
(par
•
$50),
fund
sinking
'I'
from
•'
of
$1,500,000
110,0004shares
\
Celanese Corp.
I
..
debentures,! due April-l,
1
$2.60 cumulative
(April).
/
of
common
stock
convertible «
(par
25c),=
'
'
;
Inc., 12.500 shares 4»/a%
$1,250,000 (December!,
19-year 2%%
: ;
" ■
1954-66,
stock
trust certificates, series G refunding,
Dec. 1, 1946 to Dec. 1, 1953, $1£MM
c!" ; ;
»
.•
I
shares
30,000
due
preferred
3Vs %
of
(February).
4%
loan,
mortgage
first
20-year
Co.,
$100),
Carnation Co.,
cumulative
preferred
1PI4
,
debentures; due Dec.
1,
1965, $5,OOO,O0Q
M—
of America, 20-year 2.85%: debentures, due Dec. 1, 1966;
(December).
;
!
-
(Continued
working
on page
532)
b'hi;
sinking fund
25-year
?
due
Noyri,t»>
-
2.65%
the
comprehensivi;
tables
on
the
next two pages we compa ire the December
;
-
of
debentures,
due
and the twelve months* f igures wnn inose
for the corresponding pe riods in the four
years
year
:
jfh'0
registered notes,
f
mtge. 30-year
,
1st mortgage 3'/a%
(May).
;
general mortgage bonds,
(May).
15-year
iy2%. due semi-annually
500,000 (June). : i
semi-
&Worts
Ltd#, and
Hiram
Sons, Inc. 20-year 23/*% debentures, due Nov. 1,
(refund bank loans; increase cash funds, etc.).
Co.
shares
Canadian Pacific Ry., equipment
&
pari;
(no
stock
common
•_•■■■:;
$25,000,000
loan,
Walker. &
Nov.-J, 1971 (expansion).
of
§
Maniifacturing.Co.,
1958; $300,000 (April).
1976 (refunding; expenditures, etc.).
(corporate purposes);
Chemical
Co.,
Bush
Capital
:
series
3V4% sinking fund notes, $3,000,000 (November
Buda Co., 15-year
(December).
30;000,000- HiramWalker-Gooderham
•<
shares
4,572
19,000
$1,900,000
Capital Records, .Inc.,
$1,760,000 (April).,
20-year notes, due June
credits, corporate purposes).
(pay
"I,¥
Gas
Co!,
Bruce
$100),
Carman
Co.
$2,500,000
:l*4.
cumulative
(refunding).
1,000,000 shares
fund4
sinking
certificates,
trust
Light Co., 10-year 3'/4%
1, 1956, $705,000 (August).
(par
a
u-Va:!
2%%
(July).
(June).
Bridgeport Gas Light Co., 30-year 2%%
April 1, 1976, $800,000 (August).
...
$3.50
•
4
|
>
.
due >1953,
notes,
equipment
(June).
2.55%
j;
junior
'
debentures,
"
Chemical' ico: j5-year ^.35%: debentures,-
30,000,000 Monsanto
1%%
RR.,
Associates, Inc.,
$74,981 (December).
50,008.000
t
Ohio
&
Beacon
de¬
-1st and ref.
mtge. bonds,
1, 1981 (construction, etc.).
shares
2"£$;%,
(subordinated)
income
25-year
$50,000,000
1971,
Co.
220,000
B
.
mortgage
July
$100), $5,000,000
20-year
'
series
:
cumulative
1st
due
F,
Inc.,
3y4%
$1,750,000 (July).
Tobacco
vffisp :
bonds,
mortgage
(January).'
(Illinois),
Burlington Mills
2%%
$645;600
!
1st
Investment
In
'
1966
2%
:■■■
Inc.
50,000,000 Bethlehem Steel Corp.
paper).
.
Electric
25-year
$25,000,000.
Co.
Burdine's,
Co.
1947-97,
27/s%
(refunding).
&
(September).
Corp.,
debentures,-due
fund
due
bonds,
$500,000.^(May)..
3%%
Co.,
&
Baltimore
(E.
Corp.
(expansion of business).
Gas
serial
Pulp & Paper Mills, Ltd.,
bond series of 1946, due Jan. 1, 1968. $7,500,000
Corp.
''
I
Bowaters Newfoundland
Corp.
Myers Tobacco
4%
RR.,
Power
1976.
1,
$4,060,000
1st
$3.75,series, no; par (corporate purposes).
60,000,000
-
20,000,000 Caterpillar 'Tractor Co',
.1956 (plant expansion).
Electric
j 1947:66 Krepay;bank
loans 7
commercial
&
100,000,000 General Motors Corp.
bonds,- 2%% series,
\
-
Northern
(August).
'(par
.
Jun?
bonds,
ot
NOVEMBER
i
;■
20,000,000 Beneficial Industrial'Loan C'orju-15-year
2Vi%,. debentures,'
*4I :'t: Vv•
due. May'1,',19611(refunding and? reduction, of. bank
and
Gas
1966
150,000,000 General
1961
-.
(no
shares
^
(October).
1966, $1,500,000
bentures.
1946,
40?year
4
'
Co.
Machines
series P, 2%%, due June
30,000,000 Dow
'
Business
May
j.
liil,
.
$3.60 series
Service
Electric
preferred stock of
■»
•*"
275,000
1971 (refunding, purch.
&
21,560,000 Standard Brands
30,000,000 International Telephone &" Telegraph ■
Corp; 15-year 3%
3
' '
s. f.
debentures, due May 15, 1961 (refunding).
•
£
Gas
1947-56
^S.OOO.OOO1 Pacific
|
(retire
series,
j|;:
(refunding),;
Power
(Minn.)
4
20-y$ar; loan. - $40,000,000. (Mayg|!|
1st mortgage ; 2%%> - fconds;
(Kansas),
'
•
,
'
1,
75,000,000 Pacific Telephone & Telegraph Co.
40-year 2%% deben¬
tures, duo Oct* 1, 1986 (extensions, additions, improvements, etc.).
•
;
Balti¬
•
32,000,000 Utah
Aug.
(refunding).
75,000,000 Liggett &
'
debentures, due May* 15, 1980 (refUndtog)i ' ;
'
34,500,000 Jersey; Central Power & tight to. 1st mtge. 2%%
bends,
v*
due 1976 (refunding).
> \
<
;
32,000,000 Ohio Publio Service Co. 1st mtge.
bonds, 2%%
1976
dated
bentures, due Aug. 1, 1958 (refunding and gen. purposes).
30,000,000 Westinghousc Electric Corp. 2%%
debentures, due Sept. 1,
1971 (plant
expansion, etc.).
bonds,
Of
f. bonds,
20-year
28/<|%
due
stock,
Public
30,000,000 International
•
Mill
40,000,000 United States Rubber Co. 2% %
debentures
1, J.976 (working capital, expansion, etc!); ;
States
preferred
Co.
debentures, due
Arkansas "Western Gas Co., 1st mortgage sinking fund bonds, 3% series,
due 1966, $1,500,000 (September).
.
preferred stock.and payment of bank loans).
35,000,000 Mountain
due
Co.
w
Clayton & Co.,! Inc., 2%% sinking
1971, $25,000,000 (December).-'
Anderson,
(supplement
OCTOBER
•
ref.
Light
Power
;(l^|
,
American
debentures,
27/a%
.r;.
mtge.
(refunding).
1, 1990
'
Rolling
bonds,
v.* ; ■
Electric
Gas
1st & ref. mtge.
(refunding)..
M-
mtge.
4.
loan
wm
capital stock
shares of
.
Armour
5-year
116,926
■:
cumulative
«...
expansion).
par
due
Jersey) 25-year 2%%
(refunding).
43,000,000 Texas & New Orleans
resources).
1%%
refunding).
20,000,000 Columbia
(New
1971
com-;
35,937,300 Allis-Chalmers Manufacturing Co. 359,373 shares of 3J/4%
cumulative convertible preference stock, par $100
(plant
(refunding).
379,894
of
Corp.
American
1946,
SEPTEMBER
"
.
shares
1,304,286
1,
(March).
Products
XZu..
-r
&
Home
2
debentures,, .due
sinking fund
Body Co., 5,000 shares of 4'/2%
(par $100), $500,000 (September). ^
stock
Associates
States
due
20,000,000 Borg-Warner Corp. 200,000 shs. of 3y2% cumulative
pre¬
ferred stock, par $1Q0 (expansion and modernization
of
plants).
85,000,000 Standard Oil Co.
1946
;. 40;
,
'
Iiwestnieht: Co.
3Ulittais,^2,4i%i sinking)*:fund debentures.
Dec. 1, 1956, $10,00.0,000 (DecemberL
1
'•
Armour
series, due Aug. 1,
(working capital, etc.).
......
Co.
Aug.
loans).
2%%
1st
(general
par
Credit
20,000,000 Southwestern
debentures,
Inc.
Corp. 2Va%
notes
(plant expenditures, etc.).
cumulative
pipeline
Co.,
Motors
1966
77,500,000 Columbia
gen.
mtge.
(refunding).
Distillers
stock
common
mtge.
(1%-2.15%)
bonds, series M, 3%4 due April
23,553,428 National
1st
bank
of
Ry.
1961
25,000,000 Shawinigan Water
s.
Co.
serial
no
&
dated
notes
2%%
$167,815 (August). ;
credits).
28,256,250 Northern
(refunding).
(refunding and reduction
30,000,000 Pennsylvania Co. secured
1947-1966 (refunding).
stock,
Ward
35,000,000 Commercial
37,348,650 Mohsanto Chemical Co. 316,967 shs. $3!25 dividend cumu¬
lative
preference
stock,
series A,
no
par
(refunding,
capital additions, etc.).
&
Motors
65,214,300 Montgomery
41,500,000 New York Chicago & St. Louis RR. ref. mtge. 3% bonds,
due
Securities in the Year
American Investment Co.-of Illinois, 3V4 % subordinated
Dec. 11, 1957, $3,000,000 (December) mm J
due
Corp. 2y>%
due 1976 (plant expansion).
.
25,000,000 Great
of
$2,500,000.
Coach
Arkansas-Missouri
96,000,000 General
50,000,000 Panhandle Eastern Pipe tine Co. serial debentures (0.95% ''
2.50% ), due 1947-1971 (refunding and general corporate
Morris
Sales
American
AUGUST
125,000,000 Shell Union Oil Corp. 25-year 2%% debentures, due April
l,i 1971 (refunding and corporate purposes).
1966
;
fund
"
.
Sales of Securities in the Calendar Year
Apalachicola
32,000,000 Philip
expansion).
(plant
1966
amount
1966.
American
(refunding).
.
1,
American
:
,
v
20,000,000 Sunray
Oil
Private
due
25,000,000 Superior Oil Co. 2%% debentures, due July
funding, capital purposes).
1st
mtge. 3%
s.
f. bonds,
series A, due March 1, 1971
(refunding).
20,000,000 Central New. York Power Corp. 200,000 shs. of cumulative
preferred stock, 3.40% series, par $100 (refunding).
2%%
1,
deben-
sinking
sales, it might be well to explain, comprise J
offered but sold di¬
rectly by negotiation to a relatively few large purchasers,
ordinarily insurance companies and banks. No distinc¬
tion is made between private and public issues in our
detailed compilation of the capital flotations.
It ought
also to be made clear to avoid any misunderstandingmf
the figures, that the compilation is only of security issii^
and does not include bank loans.
;
/;!
Following is a list of all private issues which we have
reported during the year 1946, together with a sttrm?
mary of the figures for the past several years.
$1),
due
bonds,
Dec.
2.85%
20-j>ear
Private
ferred
Inc.
C,
Gas
America
sold
-
.
45,000,000 Gatineau
35,000,000 Tennessee
1
-
those securities issues not publicly
Jan.
35,000,000 Great Northern Ry. general mortgage bonds, 25/a%, series
Q, due 2010 (refunding).
■
of
Addressograph-Multigraph Corp.,
(refunding).
25-year 2% %
mtge.
,
50,000,000 (Joseph E.) Seagram & Sons,
tures, due 1966 (refunding).
2Vu %, due
1971
40,000,000 Great Northern Ry. general mortgage bonds, 2%%, series
P, due 1982 Xrefunding).
due Jan.
were
de-
debentures, due
Indebtedness).
25,000,000 Southern
*
•
,
30-year
(refunding).
Gas
capital).
JULY
RR.
collateral
Co.
Power
States
(refunding).
44,493,000 Union
of
$100
par
Budd Co. 15-year 3%% convertible s.
(refunding and purchase of machinery).
stock, 3.60%
bonds,
due
debentures,
shs.
400,000
stock,
Utilities, Inc.
due 1976 (refunding).
mtge.
2%%
bonds,
mtge.
f.
series, due 1975 (refunding).
27,000,000 Gulf
mtge. 27/a%, series E, bonds, due
1st
Co.
(The)
tures
(refunding).
Oil
Airlines,
30,000,000 Philadelphia
(refunding).
Pacific
1st
s
poses).
30,000,000
FEBRUARY
50,000,000 Southern
3%
(New
par.
Clayton & Co.; Iric. 2%% sinking fund
1, 1971 (corporate purposes). (.;
,
(subordi¬
debentures,
Inc.
$100
during 1946. This ranks amongst the larg¬
and number of issues involved, in
placements of this nature since we started compiling
these figures
separately in 1937. The 1946 total of issues
placed through the private route amounted to 24,1%
of all corporate
financing and compares with 20.5%. .so
placed in 1945.
■
;.•*
debentures,
(corporate purposes).
convertible
(refunding).
Refining
Co.
20-year
Jan. 15, 3966 (refunding).
2V2%
30-year
1976 (refunding).
Airlines,
40,000,000 American
25,000,000 Atlantic
$50,000,000 Southern Pacific
379
Inc.
Co.,
Electric
Power
Co.
due 1976 (refunding).
1, 1966
preferred
25-year cumulative income
Private
est
Oil
of
Our record of security issues
placed privately shows
that 210 issues of this character
aggregating $1,581,591,-
JUNE
100,000,000 Socony-Vacuum
(refunding).
25,000,000 Household Finance Corp. 2%% sinking fund debentures,
:
1
dud 1971 (payment of
short, term notes),
'
20,000,000 New York Central RU. 2% equipment trust certificates,
due Jan. 1, 1948-1857 (purchase of
equipment).
330,952,780
234,909,662
(par $1)
Niagara
Electric
Corp.
350,000
shs.
stock, 3.60% series (par $100) (refunding).
Feb.
71,445,395
794,740,667
40,000,000 American
35,000,000 Buffalo
45,000,000 Cities
,
96,117,500
7
common
stock
25,000,000-Anderson,
108,130,600
41,293,742
61,150,000
65,081,500
82,195,838
series,
$36,450,000 Kaiser-Frazer Corp. 1,800,000 shs.
(new equipment).
bonds, 2 % %
mtge,
1st
(plant
Electric Co. 1st mtge. & ref. mtge. bonds,
2%% series, due 1981 (construction, etc.),
30,000.000 Philadelphia Electric Co. 300,000 shares of 3.8% preferred
18,336,816
46,980,600
6,363,895
50,000,000 Wisconsin
.
3.80%
30,000,000 Philadelphia
65,224,292
25,724,000
12,666,481
323,843,500
JANUARY
Jan.
22,423,000
11,597,196
39,500,292
470,897,167
time (in paren¬
same
i
,
tures, due Oct.
37,201,523
list the principal issues of securities placed
we
1976
8,471,200
37,421,703
576,296,006
1,160,496,166
due
138,984,200
252,488,141
months
series,
20,870,566
22,982,808
227,726,000
79,608,438
,
36,000,000 Kansas City Power & Light Co.
50,358,290
12,589,421
6,529,700
:
Large Domestic Corporate Issues During the Year 1946
Below
$
36,773,714
50,025,000
71,465,300
169,750,382
78,095,009
208,253,309
14,163,100!
25,794,500
12,153,140
: 10,139,500
Total
■'.)
$
,10,805,132
49,084,535
-
88,013,250
50,271,318
Refunding
38,636,871
36,599,632
24,742,561
16,669,200
159,854,766
31,454,008
132,150,000
64,892,074
1,979,000
119,479,064
.
Electrio Corp.
500,000 shares of
preferred stock, series B of $100 par
expansion and rearrangement program).
9,120,500
35,202,540
1
...
7,792,500
218,409,026
(working capital*
cumulative
New Capital
$
V
121,231,497
14,703,091
173,983,899
29,934,500
4
42,565,790
Total 6 monthsTotal
Total
22,534,000
8,362,500
149,982,000
27,653,214
584,200,160
7,680,000
684,291
16,605,400
875,000
64,207,783
71,407,850
October
71,344,058
149,890,421
124,256,152
130,158,300
124,470,000
6,340,591
24,001,899
19,150,035
;,'r
companies).
Refunding
98,697,497
87,442,931
10,023,500
454,041,860
November.:
71,343,748
79,922,850
46,923,000
16,120,300
108,135,852
Total 6 months
New Capital
construction, additions, etc.).
16-year loan
SO,000,000 Westinghouse
-1944-
$
61,320,558
June
Total
Vi
f. bonds,,3ya%
ISt mtge. s.
America
(ref 1
(refunding,
p
MONTHS
;
102,967,421
May
BY
-1945-
»*
DECEMBER.....
330,187,700 American Telephone & Telegraph Co. 15-year 2%% con*
vertible debentures, due Dec. 15, 1961 (extensions, addi¬
tions; and improvements of subsidiary and associated
by months since January, 1944:
-1946-
1966
20,000,000 Nash-Kelvlnator Corp. 3%
present a tabulation of municipal financing
we
,l.:.;r
■
-
25,000,000 Crucible Steel Co. of
\
,,
.
Municipal Financing for Calendar Year 1946
SUMMARY
-
j »he vari^sTafloans"''"08 offered m connection
portfolio sales by banks, {ncliranpfl pnmn3mM ^
insurance companies,
et al., and public trust
funds. Such operations, it may be
January
February
Is?Illlli:
THE COMMERCIAL & FINANCIAL CHRONICLE
preceding, thus
comparison.
affording
a
*
five
v'f'
4
|
'
• ,*;
"-
fr
I
v
K
§
w
o
o
n
vj
to
o
2!
I
■
i
-
t*
•g
r...
K.
•
It:
)--
:J=
•;
—55V
;
.
.-V'
'
'" ~>-M
'
■>
■■
—1942
74,01 0
1,975,0
17;
14,7 01-®
••—
#»->!
*•
%
*v
"■• 1825,7,0430 —5,270
——w
83,12 50 3970 ,0 7,80 5»
Capit l
8,43 ,0 1,60 0 4,203,7 2
9,65 ,0 9,57,189
Total
*?->rV - *
80 ,0 1,05 ,0 5,3 8,437
;V >*"•
1-
1
"
'■
*
1
.
.
129,50
4
Total
Refundig -29,103 - 51,3 70 4,08241
-1945
141,23163,667,37804452
,
Capitl 109,753 0 13,68490 41,0239
76,05 0
2,84 ,0
2,590 1,50 , 0
8,43 ,0
4,150 I76~ O",6O 24,3675 129,50
14,7 01
12,3672 4,03,0 71,84350 18,79 482 i7o~bo 1,50,0
3,675,0
4,03,0 30 ,0 0
79,290
6,4750
79,290
97,36527
71,54370 107485,0 l70,0
6,523,0
5,724,82
79,290
5,18,437
1,20 , 0 6,38,437 42,0 0 17,50 0
5,803,72 4,03,0 30 ,0
8,314 82 1,50 , 0
83,128.50
79,290
14,23672
60 ,0 0
2,6 3,472
31,10
$
•
51,3207 t2,039 0 254,80~ 82,19583
1,50 , 0
Total
2,039 0 254,0 2,58740
75,0 0
2,6 3,472
80 ,0
60 ",0 0
$
1,60 , 0
25,0 0 136,78437
1,60 , 0
1,20 , 0 6,38,437
60,75 09
25,4 28 12,86472 72,9150 204,9 35
21,394 35 30,86 94
3,152 0 5,41378 49,7650 172,9 465
5,40, 0 21,394 5
64,8350 476 ,0 2,0 0 29,13 0
8
2,650 39,80
Capitl 17,0 31,62870 18, 0
8
1,50 0
5,18 437
67,450 182,960 83,6450 4"6O , 56 2,650 61,80 402,560
Refundi g 49,7650 15,3 10
79,60843
42^0 ,0 16,0 0
2,75,0 14,05948
9,'70,948
New
-1945
80 ,0
80 ,0
34,79052 1760 ,6 0 21,5 0 15,04 52
Refundi g 42,0 0 16,0 0
-194
Capitl
347,5691
568,90
42,0 0 17,50 0
2l~5 760O 16,304 52
T
19,54~80
5,40
10,32870
56371~l411,89459,,420~80259
3,975,0 20,43 85
4,0 ,0 2,650, 0 87,04 28
4,0 ,0
95,"7oL46
25,1 50 347,5691
2,650 61,89 28
2,091^28 57,40 91 23,150 31,62870 48,71^563
29,08563
51,3207
167, 361
1677,140,533,5386492 854,132471,05206376.9,096-81 ISCNNOORUGPEREAWUFTPI
'.:■-.. "r7*v*■f;"-fy•_ LFGAOFVROCERMNEPIGNTA,T,
DECMBR
f&cites,Pon raobSfmianutnuicocpnyltleeysddise DECMBR Notes- ectop.r,manufces manufctrig*— 4hteoraltdcin.g,I Notes- ectop.,manufctres manufctrig—- etc.—- -hteoraltdcin.g,— ecoptr,-.manufctres manufctrig- -—heotrlatdcin.g, ectop.r,manufces^— manufctrig— hteoraltdcin.g, secu—rit
New
.
-
'
.
8,0 0 15,0 0 84,750 1,250, 0 8,65,0
3,50 3,940 169,750382
62,0947 13,7840 18,275
),000 3,000
-1946
50,27138
Refundi g@s 78,50 917
-
20 ,0 0
Capit l 543,873 107,625 17,56 45
ACHNARDTE
19,4706 78,4 27
68,9 183
New
.
43,750 62,0947
1,238,917 1,250, 0 8,10 , 0
8
-1946
49,087 0 82,3694 30,0
2,0 0 17,834 1
152,08975 47,20 0 462,9 50 8,0 0 15,0 0 167,08 94 1,50. 0 8,650 2,0 ,0 61,309481 74,3567
14,750 8,130645
10 ,0 0 20 ,0
10 ,0
3,750 78,50 917
TRoetfaunldig$471,220,0 0135,28,51467700—
708,930 3,290
708,930
26,8795 12,0 0 6,9170 9.36,52 1,250 8,10 0 7,04 0 105,38492
000 500
Capitl 35,20 361,870
$
New
.157,2643
.
.
.
20 ,0
-
$
New
Yo YBo
15,0 0 83,51 083 56 756
f
-
39,6250 543,873
10 ,0 . 20 ,0
10 ,0 0
34, 780 74,06j49
30 ,0
1-729,0 14,5 481 125,7940 35,20,1 396,025,! 8,0 0 15,0 0 158,3712 30,0 56 ,0 1,29 07 54,269481 68,9 183
emin t.
governi
bonadnsd stock- bonadnsd stock. ■ boandnsd stock. stock-. corpate- foreignLiLGoaoanvndt.••MMuniucpnal—icStes,Staes fdignuoorest
OF Long-termShort-emPrefred Comstocokn Long-termShort-em Prefred Comstocokn foreigspM^ Long-termShort-em Prefred Com on
MONTH
Other
to al-.
Total
•These
Dther FFarm
arm
United
MOQFTN H
BLooangnn-Tdedrsm Railroads utiles. sctoeall,,Equipment acaesnorid- inadunstrdl beuitldcn.gs, 2——• tInrvuesstmn,Miscelanous BSohaonrnt-dTdesm Ra■ilroa—-ds util-es sctoeall,,Equipment aacesnorid- inadunstrdl!— buildngs, — tInrvuesstmn,Miscelanous ^Stocks—"- Railroad—s utiles- sctoeall,,Equipment aacesnordi inadunstrdl ——_ buildngs, — _; tInrvuesstmn, Miscelanous Railroads utiles. csoteal,l, Equipment acaesnorid. inadunstrdl beuildtcngs, trIunvesstmn, sMiscelanous Tcoorptaatel
Public Iron, Motors Other —^ Land, Rub er Ship ng
Oil
Total
Total
Total
Public Iron, Motors Other Land, Rub er
Oil
Ship ing
Public Iron, Motors Other Land, Rub er Ship ng
Oil
etc'
OAN
Total
. '• SOUMFARY
:...
'
6,810 i76 ,56
»r
$
Total
26,7150 14,25681
20,43 85
•5
$
61,82 90
1,975,0 3,950, 0 4,29,01
179 5,0
85,03 50
.8
76.54,0
58,49 0 2,659,0 "320, 0
-—T-
-7
74i,0261;1,734289,001
9,40 0 I7i6o,65o 1,50 , 0
8
26/Tl5,0 3,795481
1,05 ,0 5,38437
Ne•w 40l,856Q0 65,0Y67,350 45,18450
50 ,0 0
i
9,3 482
4,03,0 68,95 0
Capit l
.L—_
50 , 0
2,84 ,0
Refundi g 68,957
-1943
V1450,9327683.19,47-328,854.5SUitCanEpdrletomOvGscbF.vgeahrfdnya,gs.cly-ofYFEODMTIFASCURHTNSABIHERED
'■s-•v. YFMDEOTFICAVHRNiABUlKSAERINCtPDL
ReCfuanpdi-itgl 15,140,405298
4,50 0
-—
9,134,0 "320, 0
1,975,0 3,950, 0 63,1420
1795",0
■
New
.80,
—194-
3,950 4,29 01
Total
New
-<.
63,142■0
50 ,0 0
50 ,0
New
16,72'0 »3S4ilI
?
-#
6,59,0 " 320, 0
2,1590 " 326, 6
Refundi g 58,49 0
Capitl
R■efundi g r'-• f 76,05 0. '— ".i- 3,6750 2,84,0
*- ,
—
•$
97,365;27 48,7250 17,3804
$
—r-
3,950
-1942
7,051,7 2
Total
,
>,j
■
.
New
_
j
'. I
1
34725,0 9,038,79
61,82 90
v-
Wllfe
76;54,0 50,9650 18,39-r08
—
—
50 ,0 0 * —7
Refundi g 61,32890
fig?.
■V
50 ,0 ; -
$
.
|
Tot
Public Iron, Mot rs Other — Land, Rub er
Oil
Ship ng
.
:k*'
-V,
M|
•
2.
a
3
o\
C9
1.
:1
3
cr*
i-*
a
«>
ss
1
w
o
o
S
a
w
a
0
ft
£
O
>
w
o
a
o
a
^3
•n
Ox CJ\
1—1
~
S3
»—i
*3*
US
..
421,873
908,4*3.50 4.70,0 10',v584t0 18, 7643
Total
$"
Capit l 502,9*607 3,20 0. 102,5784 15,764197
48,59 850429,30 4,70.0 3,0 0 269,8*3475 128,30 5,76 ,50 " 9575 5 18,*2ob76o
421,875
^
624,830
1,086-3
Refundi g 587,45 071 15,0 0 75,62 035 6,416, 80 18,0 0
-1943
702,95786 90, 0 532, 60 259,48136
2, 50. 0
37,82345 89,3 0 175,4135
$
.
Capit l 261,37 429 2,50 6 5,08593 6, 2963
$
New
Total
$
2,5964 ,0 13,50 410,63 40 1 ,23891 59,20
3,1807,531
Refundi g 2,17093,41 1,50 27,85.397 9, 64,028 38,250
$
4,0 ,0 276 3*,472 5,4 2,50
4,8139,620 46,0 0 1,03.87,91? 278, 3945 45,60,0
Refundi g 4,23681,76 4,50. 0 603,45 9 52,7 286 45,031 0
3,50 , 0
568,90
50 ,0 0
s
-1945
Capital 605,234 1.90.0 430,6958 26,5169
$
New
Total
s
4,312876,0 38,25.0 1,26 0,8 802,9 51 126,950
90 ,0 0
CORPATE,
SOUM AFRY
•-
Total
869,0750
8,0 ,0
$
2 0, 0
612,70. 1,2649,0 12,30 435^02*,5 85,70 624,150 1,50,0
153,70,0
"5~0 O75
263, 429
2,50 0 2,38 0- 1,0 7, 54 80,67891 4,6~7l920 2,967943 61,3240 18,91,380 4,267, 54 520, 0 257^0 348 17,0 0 150, 0 8,2 1,920 10,96 43
.
2,0
10, 0 750, 0 2,80 , 0
12J57.0
13,50 12,135821,987,50 301,271 10,38,90 45,~0 75 97823,540 21,7638 62,70 124,8750 2 0, 0 738,~ 527l1 95,83 90 24,150 95^48203^134, 8
1,384 2,58 46,50
*
;
'
180,762549a3 70126,94853^
Refundi g 524,850 1,23649, 2 13,80 207,6 024 3,06714 24,150 59,150,6 0 10, 0, 0 750, 0
80 ,0 0
1,50 957896,10 *90172145 457 57 5 678*16735 534,8250 13,80 345,67 14 43,06714 24,150 45,0 0 65,96 75
1,364,52
Capit l 87,9450 24,96358 8,50,0 20, 0 27 58,976 42,63 853 175*0 75 53742*745 46,5087
2.0 ,0
2,0 ,0 23, 16 7.2 1,987,50
n
-194 -r
.$
$
.
4,98570,21
276 3,472 5,4 2,50
2,65740
2,09341
7,841,0
1,6049,16
50 ,0 0
Refundi g 197,0370 348,79 624 153,80 76 24,590 26,509720 4732,0 60,35846
.1,3850 2,86132,8
50 ,0 0
$
'
$
-IMS
87,9450 48,1603 10,48750 2 0, 0 397l6~,957 52,71 53 175*0 ,0 97823*.540 68,37193
9,823.540 14,9 7513
163,9781 10,3890
New
Total
$
4,8913620
80,30
4,50 0 15, 2765 6,534,02 *237 5 5 319,25 890 61,4 905 675*0 75 106,45783
4,0 0
4,285376
729,8 0 1,62 7,0 178,29 30 8,0 ,0 157,0 90,17 80 590,85 0 25,3940 41, 450 16,"320 163,48750 4, 7326,80
.
Refundi g 604,2950 958,07294 69,31064 518,0 427 1,4590 50 ,0 0 912*3 165 32,09 602
40 ,0 0
GORUPFIN
CHAARNTDE
2750,0
2,4512,8
Capit l 125,830 68,10376 109,8160 8,0 ,0 157,0 672,94 175 72,831,573 7,935,0 40,9450 6~90 ",6o 13,87 9 2,0 14,52
* 43*6,0
60 ,0 0
•
*
$
New
1,50 , 0 1,90 , 0 5,4 0, 0 26,3190 3,218,269 3579854 401,5 327 34,8 754 57350,926
60 ,0 0
1,38461,0 285,64 7203,5702 *237 50 68,05914 215,42691 24,590 3,09720 4732,0 16,815347
651,320748'6
15476*90^457 123, 0 1 ,7537 10,68956 2,740, 0 3,9804 631,75283 90,4671 1,461,0 16,841206 '870,0 241,68 943
35,2 0 38,250 46,7.158 26,5962 209,58760 932,0178 38,4953 6,798,30 12,59 30 1,3 4,751 14,63 81 372,159 4 729,8 0 2,093158 205, 1962 8,0 ,0 36;758.60 1,84 63,581 629, 53 32,19 30 53,704 30 1,34,751 30,76581 570,82045
50,0 0
2706~4,0
236, 425
261,47290 1,507691,802397,420 8 214,27 12,740, 03,635,941,29 812,37305,689.45225,90, 049,850,926 13,02,0 408,9720
>
$.
-1946
1,50 , 0 46, 0 0 5, 30,30 18 , 31784 9,752, 71 30,65794720,-1 27 96,289,452 14^850^926
2,140
32,410 5,625,0 *812*718 21,058 10,9750
271*9,57 2798,65 34,7 362
62,00617,8341,72238589
*8127 18
1460,295 0 ,2854710 74,93560 457,26510 528,93427 17,4590 3,219,57 12,*0765 6,8694
•
•
35,17 0 36,21 0 142',067 4 20,634 62 208145 2,71,03986 27,8453 6,798,30 9,539,3 1,34,751 -1,65 1,476 92,30 125,830 810,6 753 10,6 32 8,0 ,0 365,94 82 1,38457,01 10,7610 14,73 0 50,48 3 1,34,751 18,5 156 503,98501
37,42183
:
„
— - note-s 3,5178 , infucldesNw 31 manufctrig— hoeldticng., Notes— % „ ,manufctrig —Ihoeldtincg., I!_« manufctrig ec.—I-' hoeldtincg., . manufc-trig —1 .,•u hoeldtincg., 3,5178
ED3NE1C. *, anoteds stock , •i.Candi-—. anonteds- . boands . Governmt_. govejrnmt-Gavcies,Mu&nicpal—tSt.es,,Posein- TfdighnueorsestPMrQooavuineiceobfsc,, MEDONNETHCS. LBoNnooga-tnTeesdr-ms utiles—;scectooeptail,,,Equmiapnmufectnrets iando indausntridl bueild:tncg.s, —Inttvrreuastmdsinng,M,iscelan*ous ShBorot-Tanedms utiles- sccteoeoptall.,,rE,qumipamnuefnt?aac:nesdoriindausntridl bueildtncg.—s, - r_;Inttvuressatmd,-inngM,iscelanous u:tiles scoteael,t"p.l-,!rEqmuipnmufent aacnesodri-induasntrdl buildngs, -1:— ^Itntrvreusatmsdinng,M,iscelanous. Total sccteooetpa.ll—,,r,Eqmuainpumfent aacnesdoriindausntrdl bueildtncgs, Ship—ngtItranrding,v"uestsmn,Miscelanous csoerpcuaritte
Totac-l— utiles—
MONTHSCorpate— Domestic— bLoonng-tdermsShort-emPref d Comstoockn-* - Dboonsn-tedrmsShort-;e—m.Prefstrocekd-Comstocokn foreign— Long-termShort-em Prefstroecdk-Comstocokn corpate Candian foreign Loaannd Staes
Total
Other
ir
m
■5;
|
*
>
c
.
_
?
Other Farm.
•
United
^
12
|
*
.
.
Railroads Public Iron,
Motors Other Land,
Ship ing
inadvertly^
.f
V
$
\
T
40 ,0 0
4,0 0
Capital 17,80 85,46318 7,41,30 2,740, 0 3,0 ,0 230, 2496 5,19 214 1,461,0 8,490,280 870,0 85,491536 60,9214
$
760, 0
127,450 952,4 857.
1,5061,50 217,5890 204,750 2,740, 0 3,0 ,0 579,102 0 209, 0 25,90 35,0 0 13,020 145,80
Total
26,10 0 470,89 167 5,0 ,0
53.0, 0 73,905 208,53 09 760, 0
New
;
New
50,180 91,7065 32,84350
53,0 0 861,50
90 ,0 .
Capital 2,0 1452 36,21 0 739,8231 728,692
6,258 7,45 $50,180
7,50 , 0 "101*50
Reiundi g 2,310762,8 2.1 4,0 §526,478569 §74,30259 126,950
12
fx
w
*
15,0 0 17682,70 6572*97 3 27*987 5 173 27347 91, 20 380,95720 10, 0 203,65834 l,*84~6l0O 2,96,875 3,125,347
520,OUO
Capit l 61,3240 15,308 0 3,250, 0 157*21,49 17,0 0 150,0 3,50, 0
937,8o5 794, 067 5,0 ,0
7,50 , 0 7,942~50
$
-194G
A
*9^0 0
3,140 157,29176 2,50,0 3.0 ,0 2759*10,5 124,57 0 2,015,0 2,53,20 23,820,875
M
28571,984217,306 36,05418,2479865,21;35,01703784924
NCOISRETUPSFNTWHM1AIAOEEHDF3EN2DROIVCSR.
FGOOFRLVAMEEFRIUGINNTMMN1AECOHDDNPT2,RLGCS.
3,064518,2713 4'549>80,166537»69,:2487'20i29453,45261;18709bSotfamrtFunnoayeicehGpgddsdoIlvneEscrBdyMlumrAmauCoEn.UbtifgsrwS§eriNcikl$pcu
Total
\9
61,7895 1,0 0
2,53 , 20 6,02 ,875
15,4 850 309,83490 2, 0 , 0 61,09,10 2,95 0 3,752, 0 4, 0 , 0 417,63 250
Refundi g 91, 20 362,7450 10, 0 127,98571 i£,84675 i7 9~3,5 605,4 071 "5*0 *0 0
9,7 3,0
New
672,48 693 14,820 234,9062 14,20
New
X
1,0425 76
4,~0 25
38,0 0 2076,10 T,01?,754. 14^0269 679*8795 5927*3,4. 152,436.0 39,148.60 14,267 54 520, 0. 46O78~5 692 17,0 0 1,960 10,58795 14,2 90
520, 0
152,4360 378,0250 13.250 28,*450^ 5 17,0 0 1,960 3,50, 0
$
O
-
I~6b~o, do
A*
$
12,0350 43,*150 638,90 81 21,70 0
278* 7^20
"
-
Y1,258047396',148PNrBoivuUpedSn^lsaIwtfccobkdg<f?mhm.EARS
F3YOIEV1ARS
Capit l 425, 087 2,0 ,0 132,7 43 91,259863 21,0 0
3,20 , 0 3*481,96
$
—1943
2,5089,38 12,0350 418,30^ 40, 156 7,490, 0
$
-194
,
Tota.l ;• .
90, 0 62,095 0 435,2 19
1,50 , 0 3~i63,70b
2,0 ,0 1,20 , 0
405,9628
Capital 'S•-. 3,140 123,8021 2.50.0 3,0 ,0 21,*917360 18,37450 2,015,0 " j^o o 1780,5 502,9607
New
'
84,2750 38,0 ,0 130,7 98 43,079643 20,5 0
50 ,0 0 1,0 ,0
908,425
£
I
$
v*..
.
40 ,0 0
Refundi"g$.7' ■ 15,4 850 306,1970 2.0.0 57,642,640 19,25 0 3,752,0.
-1943
10V,7tU0 342, 031
New
Total
*9*375 5
64,596053.5,0 0(2 2,53,20 10,20,875 48,59-850 467,156 4,70,0.31,,0 0 . 36,~9"3•076i145,0 0 5,78 ,50 2,53~20 8,20875
4,70 , 0 fytf•; 372*45,6
2,50 , 0 2, 0 , 0
-
417,63 250 40,6 0 18,264 9
$
?*
-
1,0.42576
Refundi g 405,*.6280 1.50,0 7,587,324 3,053,46
-1942—
£■'
Total
548,20 523,7046?
■X
Railroads Public Iron,
Motors Other Land, Rub er Ship ing
Total Stocks- Railroads Public Iron,
fx
Motors Other Land, Rub er Ship ing
■S£
7"
Railroads
Total
Public
•;>
Iron, Motors Other Land,
Rub er
"•••
%
$$s
Gehtral ot
v'
1947-56, $2,300,000 (October).
Gentrai nouisiana .telectric
i
V
bonds, series B, due
1st mortgage 3%
Co.,
.(November).
Kansas-Heb'raska Hathral: Gas Co., Inc., 1st mortgage
bonds. 3%% series due/1965, $1,100,000 (July).
Sept.
,
(par
due
Cities
Oil
Service
$45,000,000
1966,
I
;
Cement
Consolidated
Continental
•
Motors
•
subordinated
Corp,
Purchase
Contract
Cornell
Dec.
1,
shares of 3%%
Inc., 20,000
Press,
(October).
V
».
'rr.;: ■;
v.
rv.-i-
j
Dl-Noo Co., 50,000 shares of common stock
•
■■■■/■■
•
-
(par:$1). $250,000. (March).
$95,000- (December).
Dispensers,
;•
Inc;,1 30,000
4^December).;.,;.,
J
^
!
i v
^
^liOOOdHJO.' (Septemtoeir).: w
*
-r
Efctern New^Vork .Power/Corp.,
*
**:.]■
®*<co Products
,
Lduea966/$36;ooo,<mo^^
/
Utilities« Co.,
/F»rida' Public
^^^975:^1,400,000-(Pebfuafy)i;^^\^^^;
Firt Wayne
notes,
Electric Co.,
2.557f 20-year notes, due
$150,000,000 (November)
notes
dated Aug.
Motors
Corp.-, 2Mt'%
-payable-aemi-
1,
-
-preferred" stock :
r
1 r<
!'4,
Pere: Marquette ;Ry.j 11%%-equipment
trust certificates; $1,300,000
/• (April).'
: l 4 4" ; -4; ;;;;4(|-|■ i, |
44:,^.4. , 4,
Pere Marquette Ry.,i 1%%- equipment- trust certificates due July 35,
44^71-56;$850^)09 (Jiily). /
,4'
'
< *
.
i
Pharmaceutical Organics, Inc., 35,350 shares of class A common stock
4: (par $3),;4$lO6,O50 (June),; • ,«*'*
' 4
•"
i • 4;
: '
Philadelphia Suburban Water Co., 15-year serial notes (0.50%-2.50%),
due $50,000 semi-annually beginning Dec. 1, 1946, $1,500,000 (May).
Philadelphia Suburban Water Co., 27,500 shares of 3.65% preferred
Motors
Corp.^
notes
2Vz%
$29,000,000 (August).'
General Pboenix Corp.,
dated
1976,
due
1946,
1,
Aug.
subordinated
sinking
Philip Morris & Co.,
000,000 (April).
1966,
due
notes,
fund
General
Jan.
Waterworks
1.
3»/2%
Corp.,
1971, $5,200,000
collateral
trust series A bonds,
Pitney-Bowes, Inc., 23/4 %
$2,000,000 (March).
due
(June).
(H. K.)
Gillett
Canning Co., 10-year serial debentures, $100,000 (September).
Graupner (Robert A.),. Inc., 18,500 shares of common stock (par 506),
$9,528 (August).
>
Gray Drug Stores, Inc;, 3,190 shares of common stock, $86,130 (June).
Great Lakes Paper Co., Ltd., 1st mortgage sinking fund bonds, 3V2%
series, due 1966, $4,750,000 (August).
Gulf, Mobile & Ohio RR., 2% equipment trust certificates, due 19481959, $1,800,000 (December).
:
Gulf, Mobile fs Ohio RR.. 2%, equipment trust certificates, due Nov. 5,
Vs
1947-58, $2,400,000 (October).
Gulf Public Service Co., Inc, 1st mortgage bonds, series A 3%%, due
1976, $4,942,000: (November)." .* »•
.«
"
V ' j '
44
'*Haloid Co;, 10,000; share? 4 % cumulative preferred stock (par $100),
(December),,.
$1,000,000
Henke
&
Pillott,
Produce
Republic Drill
(November).
(R. J.)
shares
due Jan. 1.1966, i $9,500,000 (February).
Hunt
Foods,
due Dec.
-Hunt
Inc.-,
20-year
capital
of
2.90%
sinking
stcck
debentures,
fund
L 1957/ $2 OOQ.OOO (March).
(par
,
?
3(4% '15-year
Inc.,
.
sinking
'Inland Steel Co., ,1st> mortgage 2;65%
1976/$50,000,000
-
Indianapolis
Water
'
,
bonds,
series
Rockland
(July).
■
Aug.. 1,
Business.Machines Corp:, 12-yeai 2(4%
1958,-.$30,OGO,O0O'^September); •'
Telephone & Telegraph Corp., 15-year-3%
international
debentures,
due
May
15.
1961,
$30,000,000
i
Electric
(May).
Light
y/" due July 1, 1976,
/
.
$10,000,000 (March).
4/Jowa- Southern
v
(March).
Utilities
.
<
:
,
;
,
Cd.'t 1 i%~ sinking fund'
.
^
Johansen Brothers Shoe Co.; Inc.; 3,/2%
.,
4
;
debentures,' $3,290,000
-
4,
debentures, due 1956; $350,000
(September).;,4-v
Kalamazoo Stove & Furnace Co:/ 2% % ^'sinking fund note;' due DecV I.
1960, $2,000,000 (December).% ;.,i:
//Kankakee Water Co.,
1st mortgage 3%
bonds series C due Jan.
1, 1971, .$1,500,000:-(March).
•
.
Gas' Co.,
.-
-
'
•
.
•
Volume iJi4-„«*4^—-—
'
1941—Number
c
|
-
&
Atlanta
;
Ry.,. 1st
Co.,-3V4%
$3,300;000 (November).' /
Schiff
i
]
• i , . * , ■
. 1
I « h
15-year sinking fund debentures, due
1964, $950,000 i(March)/
4
j
I
/
j 4; ! ; •
;
.
due Jan.
of
Percent of
;(April),
.
,
fJ
;
:
I
.
4
'
■ •.
*!
v
,.
.
65
4
•.
j
25^a
..
93'
,4
$433;934,55&; ;
215
;87
'
66
$957,337,300
36.6
/
11:
ff?71 '4;^127 ■mm
m
....
u-i
.
$728,557,500
$418,577,500
30.7
35.3
33.2
;;
' I
76
$450,683,000
$680,511,780
?
1
"
51
—U $229,828,780
of total volume
' "'
33.8
issues
—
Percent
of issues^
Volume
*
—
Percent of total volume
64
$305,991,000
17.1
/
127
31.8
30.8
;
53
117
$150,311,094
^
;
23.3
$456,302,094
18.7
^ot Representing New Financing
Issues
It happens on
of
occasion that owners of large blocks
outstanding for some time,
desiring to liquidate all or part of their holdings, prefer
to do so by making a public offering of the securities in¬
securities which have been
'■
;'444";4'
Likewise public utility
' ' "-■/* '
holding companies wishing to
comply with the Utility Holding Company Act dispose
of their holdings of subsidiary companies through public
offerings"; on the several
included with; the .secondary offerings in our totals since 1942. Of course the companies
whose securities are involved receive; noi part of the
proceeds of the sales.; Such offerings- as these have no
place in our; compilation; of new issues, ^ but we have
tabulated them separately for whatever interest they
maV have on :their own1 account, and present the results
offerings. Similarly "special
stock exchanges. are
i
table; bdow:
ISSUES
t
■
February
v,
I
March
1—
•«.
.
■
t20,646,783
■
co
Q/to
C*jrr
53,842,637
93,147;746
139,002,825
82,694;972
i—
4—
,M$y
Juhe
j Sliex Go.,415-yjear . Ztyt% load, $1,250,000 j(November).; •
Simmons Co., 3 % notes! due jseti|ally4to jl959»:;.$i,516,000^ f October).* '
4Sioux;City Stock Yards;do/, 1st j(closed) martgageisinking fund 3Vi%
4:
bonds, due Sept. l, 'I966,v$l,pd0,000' (8eptember)f,
4
61; Broadway Corp., - (N. y|), |B% | lO.-year; income notes, $249,000
•l
»
April
.
Tot; 6
:
"A 1945
50,583,647
January J—
Dec. 1, 1961,
!$>{ /
,
REPRESENTING NEW FINANCING
NOT
1946
Jv
I
!
total volume
1,
4. '44
4* 128
issues——
of
VolUme
C-
/.: 4 4',/
$272,897,500 )
$309,900,000
1938—Number
4
Shawinigan Water & - Power Co., 1st mortgage' and collateral trust
sinking fund bonds; series !-M» 13%» 'due April i l$4j^7l^ $25jOOO,OQiO!
»
•
$9i;920(000 * $180,977,500
;-22,2'"
1. ? - 27.4
/-/ // ; 3841/ '4" |
-55
$223;269,700 4 i$2lO,664,850,
•
Volume
1963, $382,000
bonds,
$499;148,ll4 ' $869;990,73»
44" 23.1!
'
c ' 27.d
36.4
4234
157
19397-Number
in the
mortgage 3%%
20A
*14(3
| •«17.6
$834,540,289
issues
1947^1956, $5,500,000 (September).
Savannah
4
4:
4',80"4
.
92
of
Volume
certific$tes, 4ub
equipment trust
gg
Percent of total volume
'
24.1 v
*
--__44--'-_--L $326,959,904 >' $507,580,385
30.6
.
< " 0: 20.6
/
/
;
A&Xyy ■ * !
sinking fund 3%, bonds, duo.
mortgage bondSi
i%%
34,2 >
$538,562,300 j. $418,775,000
Percent of total volume ; ; • ;
38.0 fv 4 / j. \ 34.8
.1
mortgage loan, $1,250,000
; ' y% v
15-year
;4
Inc.,' 3%% 41st;
•
;
Louis-San Francisco Ry.,
.
21.44 y*- z1
444 4-
of issues-—
1940—Number
v:4
,
''13.444. 4 \
.
i 4
165/4 s.' '
3,17
isa
$561;560,000r-. $722,001,687 $1,283,561,6FI M
Volume.--^;.-
,
,
*,
$
'
42,486,670
19,246,378
52,313,953
54,491,514
44,765,017
2,453,896
-
1944
1943
'
/
:
1942
1
.$
$ i
$
5,215,128
14,759,867
4
7,798,682
23,535,222
18,847,200
49,139,381
20,830,370
11,227,634
13,558,096 : 34,005,577
29,335,382 V: 56,800,664
■
8,241,790
3,294.562
8,630,596
16,191,866
13,570,16a
.7,590,999
nios. 43WV610 MWSfAM 141,595,582 143,497,621
57,519,975
46;454;669' 27,508,916
17,030,551 , 9,376,746
17;i46;853 26,816,407
14,903,823 -U.494.001
29,005,686' 31,149,987
12,592,080 ^ 21,041,519
15,219,622
13,943,995
11,096,982
5,948,598
11,885,555
15,411,912
<
,
sinking fund
<5: Pcwer Co.,' 1st mortgage-bonds, series C 3%,
$15,000,000; (July). .■
Iowa southern Utilities Co, 1st 'mtge 3 JA % ;bonds due Oct. 1, 1975,
Ibwa
St.
,
(May).'
debentures; due
.
■ri
4
210
-
-
Percentbf total volume! {
'lW2rrNuinber of: issue&-ii-|-, \
,'
loan,
2%%' loan, due semi-annually 1950-66,
'
4 "
.
} ,
1
of common stock (par $1),
..
1,
G, due Nov.
234% ! mortgage -bonds, :$14,725,000
.•
1st mortgage
Dec. 1, 1966, $2,500,000 (December), t
f
fund
International
-
Reynolds Tobacco Co.,
(November).
■
KIo Gtande Vallfey Gas Co.,
A,
series
(November).:
Co..
'
Manufacturing Co., 7O.00O shares
$1,522,500 (October). 4 .
$1),
debentures; series B,
444jdue Sept. 1, 1961, i$4,000,000 :(September).
": y t
/Hydraulic Press Manufacturing Co., 3(4% notes; payable $25,000 an¬
nually to Oct. 1, 1954 and $275,000 Oct. 1, 1955. $500,000 (March).
P'oodS,
4%
Co.,
i
1
Total Year
v
.'•V-4 :/VOldme/ —!
stock (par $1),
of common
•'
Tool
&
shares
20,000
V
Last 6 Mos!
4:.:'" 1-136
$370,842;625
volved.
-4
i FINANCING ^
M08.-4
' !'•
(par $1),
3%% 15-year 1st mortgage
}
jvolume
Percent of total volume
4
i4
$60,000,000
'
30,000
stock
iEt 6
4;7474
;
Feb. 1, 1966,
"■ :
• n
(July).
Rheem
Finance Corp,; $%'% sinking ifuttd debentures;-^971.
$25,000,000 i December) ;■•••
Oil Co. of Texas, 20-vear 2:95%, sinkingi fuhd debentures,
M
./4,
;
Volume
-
of common
,
Percent of total volume' » 4;
^
;
1937—Number
(December).
shares
300,000
(June).
Repeter Products, Inc.,
$24,000 (December).
Houston
,
Corp.,
-
! 1944^-Humber of shares.-4.»
,
sinking fund debentures, due
r\;> •
4
Terminal Cold Storage.Co.,
$600,000
-Jfousehold
-
Steel
$3,000,000
Inc.,,3.4%-mortgage 20-year loan, $2,000,000 (July).
Hollywood Colorfilm Corp.,
$60,000 (December);
.
Inc., 2%%
*
" '
Porter, Inc., loan, $350,000
Portsmouth
.
-:A
Mills, Inc.,
Percent of total
debentures, due 1966, $32,' 44
4
.
;
25,000 shares of $4 cumulative preferred stock,
Ltd.,
;4 '
issues^.
Volume
.
4 4:"-
•
4
'
of
1945—Number*of; issues—L1
$2,500,000 (January).
1961, $2,000,000 (August).
>
—,«•.
(May).
$100), $2,750,000
(par
Pillsbury
314^
/
.
...
stock
due
1946,
4^61; $i^5(^jQ0 ?(m*enibiiriw'
CORPORATE
Volume$428,126,055'$i;i53,465,324 $1,581,591,379 '
shares of $4.25
^
(August).
$96,000,000
General
i
-Parkersburg • Klg & Reel Co/,. 19,000
-(no par), $1,957,000 (April). /«/
1947-1966,
1,
June
General
•
..
^
i
i;;4g ^October\ . '' . • • >.'
v f
?
<Robert) Gair & Co., Inc., ^t^:-;'CoUateral'4^sk'^otes;.^^^AprQ^/'
i9M^.|$^OM09((libttch)a•»%¥,'•••' •»
>/4Sf-i. O'-iI
Wood Industries/ Inc., lS-yeatf 3& % debentihhs, t'duo ^cj* !; 1961,
$5,000,000 (October).* ,4 il.-*'*
t^£jf$neral ^American^^Transportation*veorp/:^i-% v2 %"
tAisent-/Tirusfc certificates, i series 41, due quarterly to Dec. 16, 1966, $8,000,000
JfgSvy. (December<■■■:~ ^ i!. ' - "
General
'
"
4v
1946—Number
.
•
»nnually i1949-1961, $1*000,000 (February)(.- ^
•<
\
/
Ffuehauf Trailer Co., 2.%
sinking fund debentures, due Aug. 1, 1966,
$9^000,000 (September,). .
- • •.:
Florida
Power Corp.,
1st mortgage bonds, 2%% - series, $4,000,000
i
|
4' 4: 4
:'4!": 4- ffr-p''-;1.
>;Ohio | Aasoclated Telephone Co>4 lsti. n^ortfage. • bonds, -3^' series due
1976;/$3,250,000 (December),4; V4;#-4<44- _'/>' {<■ • 4-r ;4;-44;:
Outbdard Marine & Mfig.4Co„ '3y4%4Bofes/d0e "M'arCh, >194&, $3,000,000
(May). 1
* y m f ' ' 4
'' y^; - *•*«- f ' ■ - ' - " ' 4' - ' '• *
Pacific^Mnihice J.COrij.; 4ioiyeM
ci^^inated/flote; $3,500,000
(January).'
* /V. '"4 '-'t-ly* "44"*"'',
i !' f
Pantex Manufacturing corp., \ 5%
sinking fund debentures, due Dec.;
4/15/ 1956;,. $700,000; (December),'
4 '4 .
;
.
441 4 / ' • 4:j
v.
-i
4' 4!
'
.
?&■ 7
'&**#;■: j>
bonds,-13 V* %<■*series,;adue^
l' -
Corrugated Paper Co., 15-year 2V2%
stock,;
series B 3%,
\ k; j
Ry.,' 1st mortgage bonds,
$3,800,000 (May). ;4;.
1, 11964,
.,
1961,-,$7,000,000 (December),
ilst - mortgage
West Coast
"
$2,000,000 \
! : V'.
due 1996,
v ..^4
' f /-
1
"! f P,
4" ! '
Southern
$3,200,;000; (September).!
:
tthe); Fair Chicago, 3 & % mortgage bonds, dU^ Jad. 1, 1966, $1,950,I £00 (June).
™■''•
•,
Firro- Enamel 'Corp;^2.% % note due May -l, :i9a6,! $1,000,000 (Ma'y)i ^
/v FMntkote Cq.^ ,25,000,shares^-'of>$4 .cumulative* preferred^.$tock:i-(nq-v$T)'/
:$2,775,000 -(April).
<7> v •'
of - common
shares
96,000
Corp.,
•-(January)!.! !
!
i
,
Electric
Norfolk
stock,
-Series?.
av-::/r. v '
iduiyu'-; i;
•/Ifessex Wire Corp., 3%%- note, due Dec: 1,
$300,000)$3oo,ooo (October): J
*4 4 l; \ 4
j.
<„
Telephone Co.; 60,000 -shares of $1.20 cumulative preferred
stock (par $25); $1,500,000 (June).
.'
1,.'
certilicateS due'Jan.
Central RR.;\ 2% equipment trust
(December,).
.
|York
1948-57; $4,000,000
Noma
.stock,
/ Efcco Products Co., 10,000 shares oi 4V'a % cumulative preferred
,lhird series .(par $100); $1,000,000 (November).';>
! !' V
fa pasa Natural Gas -Co.,- lst mortgage pipe line bonds,' 3%.
.
4
77
4.V2 % -cumulative preferred
Co., 14,000 shares of
■'2%.^>20*year'|is$;^6rfc$a$e^l»nd[$' due I960,
'
»
-Hew
\
preferred stock,
i
(par $100), ;$1,400,000/(December).
>t.jd^e7/Aprlt4 S*i^(95^rK909iOO()
; ! y;,,
Neville; Isiand Glass; Coy Inc., /ls^ |nDr4gage ^nds>44ya%' series B,
^i^wi; Brothers;
4 (convertible)/ due April 1, 1956,'$200,000 (August).4 4. '
,
4 ^ 4 44.
.4 4 PRIVATE
: v /,/, -
/
/
cumulative
2%
of
f
30,000 shares of 4% ^preferred stock
^^par^SlOOV .$3i0°O^O^(Deceh^er)/";
A
1971,
due
cumulative preferred stock,
:^200,W0 ^December).
Co., -14,000 shares
bonds,
1966, $2,000,000 (April).
$i,000,000 fDecember).
shares of 2%
Co., 2,000
$100),
Lumber
class
.
(par
2%%
i;
r lateral tr^is(t (bqnds 3.^0%; merles,, dup 41S63;; $25,000^000 {(February) .4
:Nevilie; Isjand Glass; Co., ,fnc.; • 1st imioytgage bonds, ;4Va%^'series *A.4
^Uweraity^
mortgage' ^nyear;Ioan,v$!6l0;900i (May).
33racket Co.. 3% notes. due June 1, 1961,1 $1,750,000 i( Apr 11);; ; -t * :
•rp'Dfaffy-Matt Co., Inc./ 15-year 4% sinking fund'note,1 due-Aug.-i; 1961,
•
loan due 1953-1961, $5,000,000
mortgage
(
-/
•;:»
1st
.
,
,
common" stock (par 15£)f $4,500
l I ,;>rO -;>•'* ;
» )■*' V ' 'Vft >
shares ' of
K^V/j
Lumber
B
Valsetz
•
$100,000 (December);
* 7/:-7
-i
' >>■'
©ispensers, Inc.,10,00()4ihares of 5% cumulative preferred stock (par
$9.50),
Co.; (Mo.),
(October). 44 ;
class
preferred stock
;
Telephone
Valsetz
•
f.
cumulative
-
;
•
.
$4.25
UniviA Lens Co., 15-year 3%% .loan,
3'/2% notes, due serially to Oct.
debenture^
mortgage bonds, due Sept. 1, 1996,
1st and ref.
! $1,000,000
(
:
•United Wallpaper,; Ine.,13% notes..due April
,
Inc., 7%-jrfeaV; 4% ^sinking -tun^ ^debentures/,due 1954,
I $100,000 (December), - i
iHspensers, Inc., 5-year '4% sinking fund debentures, due Dec. 1, 1951,
v-l&fepensers,
'
(November).
20-year loan
1, 1966,
!
$5,700,000 (December),
v
> ..-:4 4
/»
: 4.
National Telephone 'Co.,
collateral trust bonds, series A 4%, due
Dec. 1, 1971, $1,500,000 (December).
*
';
J ' ;
' 4
National Theatres Corp., 20-year 3% debentures,- due 1966, $12,000,-.
000 (April).
"
r4
f
'
\
4!
4. /
Natural Gas Pipeline Co. io Amerlcsj istr mortgage pipeline and cpl-4,
,/
,
,?J
16-year■ loan, $20,000,000-
National Press Building Corp.,
•
(August),
3%
(Pa.),
(December).;;
(March).
$477,000
debentures, due 1956, $500,000
■S^by-; Gas &■Electric Corp., 2% %
RR.
United
Co.,
(De»
15,500 shares of 4%% cumulative preferred
(par $100); $1,550,000 (November).
$7,900,000 (August).
1969,
(2.65% basis),; $15,000,000/{.
(December);
<
'
'
' ' 1 "
* 4;,' '
4;
National Gypsum Co., 4,770 shares of $4.50 cumulative preferred stock,
Cash Register
National
1967, . $2,400,000
due
Drug Stores Co.,
United Cigar-Whelan Stores Corp., 3%%
Nash-Kelvinator Corp., 3%
'. " "
1 '
bonds,
*
$1,100,000
notes,
:yyyyyi^ryy^
•
Tyer Rubber Co., 4,000 shares of
(par $100), $400,000 (August). •
$1,700,000 (September).
.
414%
serial
20-year
debentures, due June 1, 1971, $80,000,000 (July).
2%%
stock,/series B
;., /
mortgage bonds, due Aug. 1,
3Va%
Bridge Corp.,
Hope
Mount
stock, (par 10 cents), $136,000
Irj ;-! ; i-x ~
.
• ' ;
!
D&aware, Lackawanna Ise Western RR.j 2 % equipment 'trust certificates,
;
due semi-annually May 1, 1947-Nov. 1, 1956, $4,250,000 (October).
il^by/i'Ga's^'-dB.^'ElectrleCorp.1, "iO-yoai 23/4% -'deb^tures," dueT 19$6V
(August). c
Thrifty
1971,
$3,000,000
1961;
due
3y8%
4'4/4-4//
Inc.,
Transcontinental & Western Air, Inc., 2%% sinking fund
series B, due Dec. 1; 1951, $10,000,000 (October).
'
Union
note,
(par $100), $1,-
Thatcher Manufacturing Co.. 4-year 3%% notes, $500,000 (June).
.
1961, $2,000,000
due
*
'
Products,
Construction (Corp.,
cember).
:
;
i
...
.
Fine
Texas Co.,
/
.
W
(August).
(June).
40,000 shares of common
$2,450,000
•••/
debentures, due Nov. 1,
4 4. j
/
4
subordinated
3V4%
Corp.,
4 4" *
/
debentures,
/'
,
3Va%
""
Finance
Motor
preferred stock (par $100),
i
/;
of common, stock
Steel Corp., 27,000 shares
Tanager
stock
y;4.
common
.
.4 ! 1 ' " '
;
Inc.,
Co.,
Morrison-Knudsen
(December).
and
S
.
sinking fund notes, due
3%
20-year
(December);
080,000 (March).
_hI
shares- of
20,000
Co.,
Co.,
Co., 25-year 2.65%
(November).
$30,000,000
tfl $2,000,000 (February).
JDazey Corp.,
July).
Canning
Valley
Chemical
Monsanto
sinking fund bonds, due
10-year 3%%, loan, $500,000
:
(September).
1966, $1,500,000 (October).
'aerially to 1961,
loan, due
1st mortgage 3%%
1956, $1,250,000 (December).
Petroleum Corp.,
Cumberland Gas Corp.,
Cuneo
id-year "3%
'
'
1
Products Co.;
(September).
Wood
$1,250,000
j.-;i
Minnesota
Superior
$100,000 (December).
(par $5)* $409,500
i(
' '■■'■K'r
Materials
sinking fund debentures due Dec, I,
3%%
20-year
Superior Oil Co., 2%% debentures, due July 1, 1966, $25,000,000 (July>.
convertible notes, due 1948,
,.,./(par $1)4:$100,000
Corp.,
1966, $15,000,000
30,000 shares ot common stock
Co.,
Packaging
Midwest
Ky-cumulative preferred
Studebaker
:
(February)r
mortgage loan, $340,000
3%
14-year
Corp.,
cumulative preferred
Co., Inc., 3,400 shares of 5% convertible non-cumula¬
preferred stock (par $25), $85,000 (August)/.
Stevens-Arnold
real estate loan; $4,000,000
.
5%
stock (par $11.
tive
/
4/ (June).-
1951-1955,
due
debentures,
• -
Markley Corp.,
Meyercord
(September). ;
"■*.
•
'
Contract Purchase Corp.,' 85,000 shares of 4%%
stock
(par $100), $850,000 (December).
COsden
(December).
(in.), 7,500 shares of common
Co„
(Ohio), 11,335 shares of 3%%
stock (par $100), $1,133,500 (February).
•
.
Construction
Malbern
;
series A, due
debentures,
Co., 25-year 3%%
$4,800,000 (September).
Telephone
Aug. 1, 1971,
Inc.,
series-
(February).
$82,875
shares of AVa% cumulative con¬
$650,000 (March). 1
r
1st mortgage 4%" sinking fund notes,
Madisoh-Murray Corp. (N. Y.),
1,1961,
3%% -sinking fund note, due Oct.
Corp.,
f*\ $900,000
i
$875,000 (August).
(November).
$5,000,000
Continental
•
Matchiett' Laboratories,
2Va%
bonds,
Standard Oil Co.
4/
,
mortgage
fund note, duo
""
Standard -Milling
debentures, due I960,
20-year
1st
Co.,
due
(1.15%-2.60%),
notes
Aug. 1, 1971, $20,000,000 (August).
Cap & Seal Corp., 15-year 3'/4%
sinking
Aug. 1, 1961, $1,500,000 (September).^
Logansport Distilling Co., Inc., 6,500
vertible • preferred stock (par $100),
series B, due
(August).
15-year-1st mortgage 4% bonds, due
Corp.,
2%%
44
Co.,
Service
Public
serial
Standard
1,
due serially June
" 4
loan due 1961, $1,500,000 (October).
loan,
Public Service Co.,
$2,500,000 (March),
due
stock (par $1),
shares of common
3% %
Inc.,
15-year
Liggett & Myers Tobacco
$75,000,000 (October),
1961, $1,000,000 (July).
1,
1947-1961,
Southwestern
•
Co., 3Va%
Lane-Wells
1%% 5-year loan, $35,000,000
Commercial Credit Co.,
June
due
(October).
1970, $1,100,000
1,
Aug.
(December).
A'['
^
».
Jan.
due
1947-56, $7,600,000 (December).
Southwestern
.1948-1961, $2,500,000
-
Bakeries,
$1,250,000 (July),
United
1947-61,
sinking fund notes, due Feb. l, 1961.
1st mortgage 2%% bonds,
(March).
$575,000
(February).
Central Power Co.,
..44;!"
j/|;.4/''
j
Langendorf
(March), 1/.
$2,000,000
Colorado
(July).;
Lakey Foundry & Machine Co., 50,000
;
sinking fund debentures,
2%%
(Del.),
Co.,
Inc., 15-year 3%
Colonial Mills,
:
due
series LL,
Southern
-
1961,
•
'
series A,
bbpds, $6,500,000 (November).
notes, due serially Aug. 1,
Laclede Steel Co<, 3 %
♦
equipment, trust 'Certificates,
1% %" Serial
(June).
& Ohio Ry.,
1947-56, $1,500,000
Chesapeake
* >.
-
-
debentures, due Oct; 1,
fund
Candy Co., 4% sinking
$2,500,000 (December).
•Chase
■ r:
,
certificates,
Railway; ; 1 % % equipment
Sept; 15, 1947-56; $7,880,000 (September).«
Railway,. i%%
equipment trust certificates
Southerrt
sinking fund
bonds,
-
Light Co., 3'/a% mortgage
Laclede Gas
3(4%
mortgage
1st
Co.,
trust
•
4%
'
3^4% note due, 19417*61, $1,200,000
Kingsport Press, Inc.,
cumulative preferred
$2.50
Co., 5,000 shares of
$50), $250,000 (February).
Telephone
stock
bonds; series due 1976,
£
$3,000,000 (November).
Central
$000,000
1st mortgage 2%%
Central States Electric Co.,
Service
(June).
Public
; KeWanee
Aug. 1,-1976, $1,100,000 (October).
1
1961; $500,000
1,
Water Co.,/ 32,000 shares of preferred stock,
$800,000 (July).
Southern California
series■ (par $25)/
3%^/sinking fund debentures due
Wholesale Grocery Co.,
Kansas City
(Continued from page 529)
Georgia Ry.,''i,/«%. equipment trust certificiates, due Oct. 1,
^<mday,*rJanuary -;27, l?4f/
i
TH&roMMEI®?Al|^F|NA^lAL-CH^
•41i852;919> 48,928,372
August". " /26 276 816
9,578,026
September-- • 53,989,-592
40,015,470
:
-
4 61
'■
t
December
1
.
r
59,673;542
20,876,967
38,792-030 " 51,230,748
Tdt. 6 mos 194,029,005 -230,303-,135
js./
U.'
■
.
$600,000 (November).
157!y
" 27,828,491
!Z
,
Das^JCo.i 30,000 $haros;6% /cUmuiatiyev prefer redstock
4(par $100)1 $100,000 ^Ma^h).:
'f 4 ;
'
f
i ,
4Bouth4Atiantic4Gas Co.;/Wles<B:4ist--ijnortgage;43%%4
;
'Jan.; 1, 1975,-$850,000 (March).
;
/ South «Shore
Utilities - Assooiktesr SS^^ar 3%%
bonds, - due 1971
•
J^»/5389
November
(N.; Y.), 10-year :1st mortgage 4% loan, $3,:;l 4
J, * ■ t
: *
* *
/ u')rr !
4South !Atlifthtic
4
October:
(March).
Broadway 'Corp.;
500,000 (March).'
-L
July
•
137,133,66^122,387,576 /73.506,671
";r •'
■'.:./■:
■
■ •
.
446,060,553 278;689,244<.264,885,197 .131,026,646
•>Inclucie«'$1,901,523 (805,730 shares)-, common stock Delhi Oil Co.
not previously /repotted; /.-'tAftie^ eliminating - -$65,0l0- .( 10,249 ^ shares)
common stock
Universal Cyclops Corp , already included in January*
Tot
•
cal
yr
633 947,615
;
mm
■
THE COMMERCIAL & FINANCIAL
CHRONICLE
.
"[Volume 165
Number 4563
•
GBAND SUMMARY OF FOREIGN ISSUES
PLACED IN UNITED STATES
USE OF FUNDS
(INCLUDING CANADA, ITS PROVINCES AND
MUNICIPALITIES)
New Capital
Refunding
Total
1946
$8,741,000
$188,051,500
$196,792,500
9,174,872
98,549,100
107,723,972
1944..—
21,000,000
59,353,500
80,353,500
'1943-—.:————..—— ■
2,250,000
108,000,000
110,250,000
1942
421,875
421,875
4,000,000
4,000,000
I940i
*
Dated
Total for six months
July
July
July
July
July
July
July
July
•
59,250,000
;.—•—
1938———
1937_
—;
87,750,000
40,000,000
219,000,000
* 23,000,000 f
156,500,000 k
——116,000,000"I $
—77^ 61,200,000 -
1936
25,062,500
3,250,000
—
—
•.
.
•
7.7
/
•
?
—
1935
1934
1933
133.332
61,600,000
——26,015,000
40,000,000
-—
1932-
1931—253,722,000.
1930
—
1,009,213,390
757,837,569'
1,319,167,987
1,561,119,925
———
1929—-———'———
1928
——
1927-
—
1926-
Ji!
x—.
1925-
X
1924———
.
—
1,145,099,740
,
.
'
1923—-280,274,600
1922
634,511,034
-
1921-—X
527,517,000
—-
1920———
1919
383,450,887
I
.
"
—
•
342,130,300
14,500,000
126,566,000
22,032,717
/
65,062,500
222,250,000
179,500,000
116,000,000
61,200,000
61,733.332 j
66,015,000;
for
were
the
above
December confined
sale of
the
Treasury
its operations to
"We
now
present
UNITED
STATES
Dated
TREASURY
Due
-•
•
Applied for
months
Jun 28
July
July
July
Jun
July
July
July
July 5
5
July 11
12
July 18
19
July 25
14
July 1
1-31 July
1-31 July
1-31 July
90
•
Total for July
July 26
Aug 2
Aug 23
^yl7
Aug
Aug
9
Total
for
.
_
Offered
Aug 27
Sep
6
Sep 13
Sep 20
91 days
91 days
92 days
1 year
1
10-12 yrs.
.
.
Oct
Oct
for
Due
91 days
91 days
91 days
91 days
1
lyear
1 10-12 yrs-
1,309,005,000
1,305,337,000
1,304,827,000
1,303,440,000
2CJ -f
SCH2
°CJ H
91 days
91 days
91 days
1,891,563,000
1,804,729,000
Oct 1-31 Oct
1
days
lyear
10-12 yrs.
12 years
2C£ 3}
1
1
Nov
7
5
Nov
14
Nov
15
NOV
22
Oct
21
1
1
Nov 1-30 Nov
1,8f>4,814,000
1,755,891,000
1,821,794,000
1,798,985,000
2 years
Total
for
November
Nov 29
Dec
5
Dec
6
Dec
12
Dec
13
Dec
19
Dec
20
Dec
26
Nov
18
Dec
Dec
a
10-12 yrs.
12 years
Dec 1-31 Dec
2; years
Nov
a
bills
Tax Antic'n notes-
707,459,707
*
5,304,000
9,732,000
1^774,552,000
452;74£807
'
7,647,708,807
f 2,686,000
166,413,000
—
166,413,000
7,010,827.000
636,881,807
14,068,322,000 11,736.740,956
2,331,581.044
July—
Certificates
Notes
b
C-1945, series
576,290,983
8,727,000
Certificates
Price
Total
Yield
%
99.905 + *0.375
■
.
155,000,000
558,173,000
;
713,173,000
.'r
"-'.j
?
.
—
■'-K
184,500,000
213,540,000
-
23,560,000
421,600,000
23,560,000
'
398,040,000
373,000,000
81,700,000
15,000,000
29,110,000
5
f 52,590,000
454,700,000
44,110,000.
133,100,000
99,300,000
45,000,000
25,676,000
232,400,000
August——
70,676,000
September—
,
Certificates
99.905+ *0.375
Notes
99.905+ *0.375
99.905 + *0.375
Total
%
a
for September
,
358,000.000
410,590,000
October—
2
:
Certificates
b
Notes
Total
99.905 + *0.375
99.905 + *3.375
for
October
'
1
88,100,000
73,624,000
161,724,000
*»
"
■■■■..■
'
.
■
.1'
'
Certificates
172,000,000
80,500,000
+ *0.376
Total
%
a
for
November
13,635,000
252,500,000 .7
Notes
+ *0.375
13,635,000
—
December—
2
Total for December——
for
238,865,000
'
'
279,000,000
75,600,000
Notes
Total
7 172,000,000
66,865,000
-
Certificates
b
150,000
278,850,000
; 23,675,000
51,925,000
354,600,000
23,825,000
7
16,560,010,000 11,975,261,956
year
330,775,000
4,584,748,044
•Comprise sales of special series certificates and notes;
certificates
sold to Adjusted Service 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,
Postal
Government. Life Insurance Fund, National Service
Life
Insurance
Fund,
Federal Deposit
Insurance
Corporation, and
Federal Savings and Loan Insurance Corporation.
Canal Zone Retirement Fund, Alaska Railroad Retirement Fund,
Savings
System,
Below we give complete details of the capital'flota¬
tions during December including every issue of any kind
brought out in that month.
Details of New Capital Flotations
a
2
^
During December, 1946
b
9,473,402,683
Long-Term Bonds and Notes (Issues Maturing Later
Than Five Years)
RAILROADS
a
series
C-1947.
Series A
17
$4,000,000 Delaware, Lackawanna & Western BR. 2Va% equipment
trust certificates, series. E, due
semi-annually June 15,
1947-Dec.
15,
1956.
Purpose, purchase of equipment.
Priced to yield from 1.10% to 2.34%,
according to ma\
tur.ity. Offered by Halsey, Stuart & Co., Inc. \ 77*
1^800,000) Gulf, Mobile & Ohio RR. 2% equipment trust certificates,
,
4
earn
,
"M 7
-
[
1
November—
+ *0.375
year and series :C»: about 1.07%.
"S'SS "
for
,.108,364,006,119 s;
and
62,715,000
184,500,000
237,100,000
Notes
576,290,983
a
8,727,000 100
359,547,700 100
359,547,000
C-1946
775,888,000
July
50,000,000
..
7,647,708,807
&
for
% 12,715,000
August—
1,768,931,000 .1,315,534,000 99.905 + *0.375
1,817,059,000 1,314,809,000 99.905 + *0.375
1,784,036,000
1,308,874,000' 99,905+ *0.375
1,841,201,000
1,316,232,000 < 99.905 + *0.375
3,273,388,000 3,273,388,000 100
7/a
,
205,000,000
570,888,000
-
Total
*1,800,000) due 1948-1959. Purpose,
.
w:
j|
4,586,000
183,503,000
1,311,974,000
1,313,712,000
1,308,357,000
1,302,232,000
Treas.
Total for six months
Comprised of three sepa¬
rate series, of which series E have
10-year maturity, are sold on a
discount basis at 75, and yield
2.90%; series F have a 12-year matur¬
ity^ are sold on ft discount basis^ at 74,' and
yield 2.53% ; and series Q
have a 12-year maturity, are sold at
100, and bear 2Va%' interest,
b Comprised of separate
issues, designated Treasury notes of tax series
series
*
7,959,484,000
day
day
91 day
90 day
-
—
y
''
91
Nov
2
•Average rate on ft bank discount basis,
A-1945.
21
J
519,370,707
8,666,943,707
91
Nov 29
b
Total for December—
about
14
Nov
October
-
—-
1,311,974,000
Treas. bills
1,313,712,000
Treas. bills
1,313,661,000
Treas. bills
1,311,964,000
Ctfs. Of illdebt.—1,774,552,000
U. S. Savings bds.
452,746,807
Depositary bonds—
2,686,000
7
Nov
^
4,586,000
183,503,000
Antic'n notes-
for
2
100
166,413,000 100
Total for year—
,
bds.
Tax
Nov
a
77; 2,686,000 100
——
1 year
1
;r
'
2,686,000
days
81 days
91 days
91 days
1
Savings
1^—I
Yield
166,413,000
91
Dec 1-31 Dec
Dec 1-31
Indebt.
S.
744,828,845
1,301,964,000
1,306,438,000
1,306,394,000 ?
1,301,905,000
1,303,261,000
;
1,439,522,000
Depositary bonds—
Total
1,311,974,000 99.905 + *0.376
1,313,712,000 99.905+ *0.376
1,313,661,000 99.905 +*0.376
1,311,964,000 99.906 + *0.376
1,774,552,000 100
%
452,746,807 - a
a
3,432,410,000
452,746,807
10-12 yrs.
12 years
Nov 1-30 Nov
bills
bills
Oct
8,666,943,707
days
91days
91 days
90 days
lyear
NOV 29
Nov 1-30 Nov
U.
—
7,563,252,000
1.301,964,000
1,306,438,000
1,306,394,000
1,301,905,000
1.303,261,000
1,439,522,000
519,370,707
bills
01 day T5eas* bills
of
1
-
2,500,000
248,217,700
<f9
1,306,394,000 99.905
1,301,905,000 99.905
1,303,261,000 99.905
1,439,522,000 100
519,370,707
a
4,586,000 100
183,503,000 100
183,503,000
91
Nov 21
Nov
Ctfs.
Oct
—
494,111,145
8,308,080,845
'
Total for October
NOV
Price
1,301,964,000
4,586,000
•
2 years
Nov
day Treas.
91 day Treas.
91 day Treas.
—
-
1,306,438,000
1,790,665,000
1,734,460,000
3,203,145,000
519,370,707
91
Oct 1-31 Oct
'
2,340.643.000 100
494,111,145
a
2,500,000 100
248,217,700 100
' 1,873,066,000
Oct 1-31 Oct
91
.
,
2,500,000
248,217,700
01 day Treas* bilIs
Oct
8,308,080,845
91 days
Oc
2,340,643,000
494,111,145
Savings bds.
Oct
Amount
Accepted
September-
5C! 2f
S.
800,616,649
1946
1 2,773,000 100
494,111,145
2,500,000
248,217,700
12 years
2 years
Oct 31
7
$
3
25
1,305,337,000
1,304,827,000
1,303,440,000
Total for November.——
188,354,600
1,812,315,000
1,801,999,000
1,777,250,000
1,830,960,000
4,144,854,000
Oct
Oct
bills
Tax Antic'n notes-
1
590,022,049
2,773,000
188.354.600
Sep 27
Sep 18
1.309.005.000
bills
U.
188,354,600
-
.„
$
Sep
Sep 1-30 Sep
bills
Treas.
Depositary bonds—
17
b -U—
l.anfl.nnsnnrt
1,305,337,000
1,304,827,000
1,303,440,000
2,340,643,000
Treas.
Treas. bills
of indebt
'
7,749,055,000
Treas.
Ctfs.
12,373,000
A-.;-—7—..
;
—
188,354,600
91
day
day
day
91 day
7,094,000
590,022,049
—2,773,000
8,549,671.649
—
v
1,307,745,000 99.906 + *0.376
1,315,136,000 99.905 + *0.375
1,310,517,000 - 99.905+ *0.375
1,305,129,000- 99.905 + *0.375
2,915,697,000 100
%
752,985;360 ; »»■ -ft
7,848,000 100
^ 2
300,463,500 100 b
Amount
Applied for
„
Sep 26
590,022,049
2,773,000
91
24
Nov
.
1,061,554.860
1,305,837,000
1,308,242,000
1,301,341,000
1,308,007,000;
1,302,132,000
1,223,496,000
1.223,496,000
bds.
91
.5
10
Oct
8,549,671,649
_
Sep
5
Sep 12
Sep 19
Savings
Depositary bonds—
Total for September
1,305,837,000 99.905+ *0.376
1,315,336,0007! 99.905 + *0.376
1,313,714,000 99.905 + *0.376
1,308,007,000 99.905 + *0.375
1,302,132,000 99.904 + *0.375
1,223,496,000 100
%
August
Dated
«fS« °i ladebt;
u. S.
Tax Antic'n notes-
the usual
weekly
Amount
8,153,966,000
1,305,837,000
1,315,336,000
1,313,714,000
1,308,007,000
1,302,132,000
9,215,520,860
1,796,174,000
1,823,956,000
1,816,484,000
1,803,547,000
1,804,682,000
«2,307,568,000
590,022,049
12 years
2 years
£Ug«lLj?ep
fep 1-30 «ep
Total
91 days
91 days
1
Aug 1-31 Aug
Aug 1-31 Aug
Aug 1-31 Aug
4,073,023,000
762,985,360
7,848,000
300,463,500
—
Aug 1
Aug 8
Aug 15
Aug 22
Aug 29
Aug 16
f1,767,751,000
12 years
2 years
1
1
Sep
5
Sep 12
Sep 19
Sep 26
Sep
1
Sep
1
Sep
Sep
ma¬
$
91 days *1,894,854,000
91 days*
1 year
bills
92
1
Accepted
1,803,541,000
1,891,988,000
91 days
bills
bills
day Treas.
NOV
DURING
752,985,360
7,848,000
300,463,500
'
x'
56,502,677,568
—
days
bills
Department in
FINANCING
ft
six
day Treas.
.
Amount "
Total for
91
usual tabulation:
our
D»t«
Ottered
8
Total for August—
Treasury bills, Savings Bonds; Tax Anticipation
Notes and Depositary Bonds.,
9,215,520,860
bills
a?5
The Treasury Department announced
on Dec.
18 an
offering of %% Treasury Certificates of Indebtedness
of Series A-1948 in
exchange par for par to holders of
Treasury Certificates of Series A-1947, in the amount
of $3,330,431,000, which
matured on January 1, 1947. The
results will be given here next month.
of
^
k
300,463,500
—
91 day Treas.
Aug
Treasury
Outside
July
+*■
258,000
-
4...
,
5,483,073,568
1,307,745,000
1,315,136,000
1,310,259,000
1,305,129,000
2,915,697.000
7,848,000
notes
1
Aug
Aug
received
Certificates of Indebtedness of Series K-1946
which
on Dec.
1, 1946.
for
Antic'n
H
day Treas,
£ug 55 51 day Treas.
and allotted for the issue of
% % Treasury Certificates
of Indebtedness of Series L-1947
which were offered on
san exchange basis, par for par, to holders of
tured
Tax
•
outstanding in the amount
$3,273,388,000 in subscriptions
1,307,745,000
1,315,136,000
1,310,517,000
1,305,129,000
2,915,697,000
752,985,360
bills
Depositary bonds—
Aug 29
present¬
payment, and
bills
$
:
■
56,502,677,568 51,019,604,000
bills
91 day Treas. bills
Ctfs. of lndebt
U. S. Savings bds.
25
1
1
Indebtedness
$
———
The Treasury Department, as
announced on Nov. 18,
redeemed in cash the lVz%
Treasury Notes of Series B1946, which matured on Dec. 15, 1946, that were
ed
day Treas
day Treas.
day Treas.
91
New
.
Refunding
"
—
Treasury Financing: for December
of $3 260 777 000.
There were
90
91
Total
■
1,307,307,500
1,244,795,765
360,216,279
759,776,034
577,517,000
522,448,887;
7 605.559,300
263,429,000
5
11
18
Aug
Aug
268,222,000'
1,135,779,390!
779,870,2865
1,576,820,900!
1,724,684,425,
1,349,793,040!
257,652,913
163,564,500
204,693,300*
221,147,000
248,225,445
79,941,679
125,265,000
50,000,000
138,998,000
1,086,160,500
996,570,320
.
—.«
.
147,000,000'
.
' :;
,
Accepted
$
„
1939-—.-
Total Amount
'
——
——————
Type of
Security
>
Calendar Years
i
on
bid
of
99.2599^and
purchase of equipment.
reoffered at
$1,800,000
Awarded
prices
to
—
&
Stuart
Halsey,
to 2.30%; according to
Co., Inc.; Harris, pall &
1.15%
from
yield
'
,1
maturity, by'
Co.; Otis &
First >
Co., Inc.; Julien Collins& Co.; The Milwaukee Co.;
of Michigan Corp.; The First Cleveland Corp.; McMaster,
Hutchinson & Co.; Mason, Moran & Co.; Mullaney, Rosa
m
O'.Gar'a & Co.; Wm. IE, Pollock & Co., Inc.;
and F. S. Yantis & Co., Inc.
& Co.: Alfred
'/'• f:'
Thomas «Sf Co.,
'Central RR. 2 % equipment, trust certificates, ;
1048-1957. PUrptise,< purchase of equipment.
316,000,000|Newr'.
•4.600.000(due Jan.
on
retirement
*2,000,000 Kdadizof .Stoyd
Offered by Halsey, Scuarc & Co., Inc.;
& Redpath; Julien Collins & Co.;
De Haven & Townsend, Crouter & Bodine: Fatiset, Steele
& Co.;
Glore, -Forgan & Co.t Graham, Parsons ■& Co.;
Green, Ellis & Anderson; Gregory & Son, Inc.; The Illinois
Company; Otis & Co.; Patterson, Copeland & Kendall,
Inc.; Phelps, Fenn & Co.; Phillips, Schmertz & Robinson;
R. W. Pressprich & Co.; L. F. Rothschild & Co-; Shields
& Co.;
Thomas & Co.; Weedcn
Co., Inc., and Harold
Parker
,
Alex
SiflMhg fund1
2%%
lor
Y
*700,000
due
E.
Clark & Co.; Richard W. Clarke Corp.;- Coffin &
Inc.; C. C. Collings and Co., Inc.; Julien Collins &
Cooley & Co.; Courts & Co.; Curtiss, House & Co.;
Davenport & Co.; DeHaven & Townsend, Crouter & Bo¬
Co.;
dine;
Dick & Merle-Smith; R. S. Dickson & Co.
IncFrancis t duPont & Co.; Elkins, Morn's & Co.; Elworthy
Purpose, working capi¬
Insurance Co.
& Co.;
Equitable Securities Corp.; Fahey, Clark & Co.;
Field, Richards & Co.; The First Cleveland Corp.; Graham
& Co;; Granbery, Marache & Lord; Green, Ellis
Anderson; Clair S. Hall & Co.;
Hallgarten & Co.;
B. Hanauer & CO., Inc'.;
Hannahs, Ballin & Lee; Harris, Hall & Co. (Inc.); Ira
Parsons
&
Hallowell, Sulzberger & Co.; J.
loan.
3% %
Co,; Hawley, Shepard & Co.; Hayden, Miller &
Stone & Co.; Hill & Co.; Hornblower &
Kay, Richards & Co.; Kebbon, McCormick & Co.;
Laird, Bissell & Meeds; Lee Higginson Corp.; Mackubin,
Legg & Co.; Laurence M. Marks & Co.; Mason, Moran
& Co.; Merrill, Turben & Co.; Metropolitan St. Louis Co.;
$84,750,000
Co.;
OIL
*$1,250,000 Cosden Petroleum Coi-p.
1st mtge. 3%% sinking fund
bonds, due Dec. 1, 1956.
Purpose, refunding.
Price, par.
Placed
privately with Penn Mutual .Lire Insurance Co.
E.
Purpose, re-
LAND,
^ower Ss Light Co. 1st mtge, bonds,, 2%%
Purpose, refunding. Price, 101.43 and
Halsey, Stuart & Co.,, Inc.; Allisonwilliams Co.; A. C. Allyn s& Co., Inc.; Almstedt Brothers;
Atkinson, Jones & Co.; Atwill & Co.; Baum, Bernheimer
Co.; Burr & do., Inc.; Caldwell Phillips Co.; City Securities Corp.; Julien Collins & Co.; Cruttenden & Co.; J. M.
Dain & Co.; Dallas Union Trust Co.: Davis, Skaggs & Co.;
3% mortgage
privately to
America.
of
^
'
to
Placed privately
Co.; Folger, Nolan Inc.; Foster &
&
Co.;
v
-
%-k
.
i/
>,
\"f- j
>
7*7
&
Pacific
Co.;
&
V
:J
& Co.;
Robinson-Humphrey
The
Co.;
•t
Wheelock
&
Dabney
Townsend,
Tyson;'
Cummins,
&
Inc.;
Wachob-Bender
Harold
E.
Wood
•1,500,000 National Telephone Co. collateral trust bonds, series A,
4%, due Dec. 1, 1971. Purpose, corporate purposes. Placed
■l
privately;
& Koster, Inc., 1st mtge. 4%%
bonds.
complete' payment of land, buildings and
to
Price,
Neb.
Securities Corp.
Electric
30,000,000 Philadelphia
:i
series
2%%
,
and
101.35
due
int.
Bernheimer
Broome
„
4%-.':;.
•
and
&
&
Barrettt,
Co.;
^Brooke,
Burr
&
Co.,
Fitch
Co.,
&
Stokes &
Inc.; Byrd
i,
Dallas
Inc.;
Union
Trust
Co.;
Crouter & Bodine; Dempsey
Ferris' & Co., Inc.; Field,
Co.;
1
Inc.;
Co.;
&
DeHaven
Co.;
&
Fauset,
Richards
&
&
Cb;i
M.
Hayden,
•
&
''t<
'
Corp. -5% convertible notes, due Dec. 15,
payment of indebtedness. • Price, par (with
purchase warrants).
Placed privately through Amos
& Co.
'
'
Purpose,
Stone
Grande Valley
bonds,
Placed
due
Dec.
I,
„
vately
1966.
||
„„
#.i,
/
stocks of a stated par value are taken
of no par value and all classes of
computed at their offering
Water
$1825,000 California
o
Placed
privately with
-
a
InC.r
;
-■
:i-'"
S' ■■
■ ■■'4"
MOTORS A£D ACCESSORIES
'
;
,
♦
•
at par, while pre¬
common stock are
,
p
°
UTILITIES
50,000 shares of common
Service Co.
Eichier
•$15,000,000 Studebaker Corp., 20-year 3%% sinking fiind debentures,
due Dec. 1, .1968.
Purpose, pay bank loans ($10,500,000),
general working.funds ($4,500,000). Placed privately. with
"
Metropolitan Life Insurance Co. and Prudential Insurance
Co. of America through Lehman Bros.
&
....
Illinois
stock
^
r
.j.
... ....,
.
Electric
•
&
$15).-
(par
■
f 'n
.GiS
Cp,
Purpose,
'. -.
.
'fi-iyC * ■
•<-(-
* *, i
' :rundin$.; Price, v par.
jt
"
•
<
.
-
•
102.70 and div.
Price.
.
,*'-•>
garfcen
Co.; Dean
I
•
i.f,ii.i
■;«
'V;
V
' '/
-TVO t -v-'■■■•:. :
t ry.
I-?. i
■
Offered by The First Boston Corp.;
& Co.
HallCo.; Stern Brothers & .Co.;-Spencer ,Trask &
Witter $c Co.; .BakeL Weeks,$8 Harden;- Blai|
c 'Mu
;t ,:X'- y-i
: 0
Blyth <fe Co., Inc.; Drexel & Co.; Harriman Ripley
Inc.; Kidder, Penbody & Co.; Coffin & Burr, Inc.;
'
by
of
Lee
stock
common
short
loans.
term
Higginson
Corp.
-/j} .st-'
v >. /
.
Co.
100,000
shares of
preferred
stock
(par
&
?
Co.
-
■
$8
per
common
T-.
•,
..
payable. Ioahs; etc.
Price,
Maxwell-Marshall & Co."
-
j
...
io;obo,oo0 Kansai'Clty "power & tight to. ioO^ooo Shares Of 3.«d%'
\X
'cumulative preferred Stock (par $100).? Purpose, refunding;
't'' " ^
Society of the United states,' .
,
,
|
•5,000,000 Carnation/CoV, 19-Jear 2%% debentures, due Dec. 1, 1965 '
r r
purpose;-working capital. Sold' privately to institutional'
investors through Kidder, Peabody & C.o^
Offered
share.
of
805,296 Drayer-Hansott, Inc., 80,529 clflss A shares 660 cumulative
convertible.stock (pal .$!),< Purpose, payment of accounts
Purchased by; internation%L -'Paper
.
'-V
'
shares
retirement
292,560 Bdrmitief Efectric & Mfg. Corp. 90.000" shares of coin-'
inoii stock (f>A#' $1).
Purpose, working capital.
Pricte,
$3.25 per share.
Offered. direct by the company,
f■
Offeled" for shbscxiptiort to ;8fotk-(
Price, $15 per $hare.
$10 per share.
•
Offered by
.
.
500,000 General Engineering & Manufacturing Co. 50,000' shares*
of .5%
cumulative convertible preferred stock (par $10)-
O
capital. ' Price, par. Offered by Dempsey^Tegeler & Co.. and J. W. Brady & • Co.
Purpose, working
.
,
Offered
share.
Offered—F. S. Yantis & Co. as*
purchased 190,000 shares; 76,000 shares of¬
stockholders, any unsubscribed shares
offered to officers, directors and employees; any unsubscribed and unpurchased shares to be taken- up &y F, jS.
Yantis & CO. as -underwriter.
\
Price,
$0,000 - shares of
295,000 feeherSI:Wate'i-wOrka ^dorp. 2,956Uhiies" bf'5 %" pr6fredt
stock, cumulative (par $100).
Purpose, pay bank loansj
Price, 101.50 and div.
Offered by Minot,- Kendall & Co.,
Inc.; Southern Securities
Corp., and ■ Perrin, West -&!
♦$25,000,000 Anderson, Clayton & Co., Inc.; 2% %r sinking ftfnd' de-i
bentures,: due Oct. 1, 1971. Purpose; Oorporate purposes.
Price,
par.
Sold privately to Equitable Life Assurance
Candy
fered other
construction, fund.
*13,000,000 Eastern New iPork Power Corp.. 30.000 -shares 4 % preferred
Vr
-stock (5% after ^uly l, 1962) (par;.$100)<: Purpose, rej
vv-V ".. J
10,000
erection of
■
20,000
Purpose,
per
S. L.,
share.
stockholder
-
...
Co. for investment.
OTHER INDUSTRIAL AND I MANUFACTURING
per
Stirling,
Colket
.holders.,
-
J
Co., N.
Purpose,
Price, $10
1,360,000 Chast Candy Co.-170,000 shares of common stock (par
$1).
Purpose, purchase of candy manufacturing business.
Co.;
.
common
small group of institutions through
cumu¬
400).
(par
(par
1,200,600. Central
Loeb & Co.
stock
Byllesby & Co., Inc.; O. H. Wibbing & C.o; Herrick,
& Co., Inc.; H. O. Peet & Co.; W. L. Lyons &
Morris & Bousman;
Fahnestock & Co.;
Johnston, Lemon & Co.; Piper, Jaffray & Hopwood; Demp¬
sey & Co.; Mason, Moran & Co.; Ames, Emerich & Co.„
Inc.;
Amott, Baker & Co., Inc.; Grimm & Co.;, R. H.
Johnson & Co.; Martin, Burns & Corbett, Inc.; Detmer
& Co.; O'Neal, Alden & Co:, Inc.; Caldwell, Phillips Co.;
Cohu & Torrey; Cruttenden & Co.; Berwyri T. Moore
Co., Inc.; McDonald & Co.; Irving J. Rice & Co.; Rogers
& Tracy, Inc.; White & Co.; Battles & Co., Ino.; Buckley
Brothers; Columbian Securities Corp:; George R. Coolejr
& Co., Inc.; Estes, Snyder & Co., Inc., and Pennington,.
Brush, Slocumb, &. Co,; p^vis:
Skaggs & Co.; William-R. Staats Co., and Mason-Hagan,
EQUIPMENT MANUFACTURERS
Kuhn,
70,000 shares of 300 class A
preferred stock
(par $5)
and
H. M.
Co.;
Capital.
Bateman,
»
MANUFACTURING
Waddell
$25).
Purpose,, repay. bank, loans, working.
Price, $36.50 per share. Offered by. X[nipn Se¬
curities Corp.; Harris, Hdil & Co. (Incr); Blyth. & Co.:
Inc.; A. C. Allyri & Co., Inc.; Elworthy & Co.; Hornblower
Weeks; W. C.-' Langley & 'Co.; Lee Higginson-Corp.^
stock
1
by Wachob-Bender Corp.
-v,
prices.)
PUBLIC
•$8,000,000 General
American
Transportation
dorp.
1%%-2%%;
equipment- trust - certificates, series '41, - maturing quarterly -to Dec, 16, 1966. Purpose, purchase of equipment.
(par
and maintenance of service,
Offered
for subscription to
Purpose, purchase of candy manufacturing business.
$20 a share. Offered by F. S. Yantis & Co., Inc.;
Price,
/
ferred stocks
«
AND
Inc.,
Records,
$15
$20).
"
i
.
STOCKS
,
privately.
stock¬
stock
common
Guarantee
Inc., 5-year 4% sinking fund debentures, due
working capital. Price, par.
Placed pri¬
through Carl M. Loeb, Rhoades & Co., and Roberts
& Co.
Telephone Co. (Neb.) 1st mtge. 3JA% bonds, due
Purpose, refunding.
Price, 103% and hit. Offered
of
Corp.
common
250).
2,000,000 Chase
Purpose,
1951.
-
66,006 Union
shares
Virginia; Sun Life Assurance Co. of Canada; United States
Co., and Orange Memorial Hospital.
1948.
stock
Treat
*$100,000 Dispensers,
'
for subscription
to
by First of Michigan Corp.
& Co., Inc., 12,500 shares of 4'/2%
cumulative
preferred stock (par $100).
Purpose, refunding ($1,012,800), working capital ($237,200).
Sold privately to Pru¬
dential Insurance Co.; Penn Mutual Life Insurance Co.;
Metropolitan Life Insurance Co.; Sun Life Insurance Co.
of America; Federal Insurance Co.; Life Insurance Co. of
MISCELLANEOUS
Gas Co. 1st mtge. sinking fund '3%
1966. Purpose, principally refunding.
Offered
24.000
H. Martin & Co.
300,000 Capitol
,
(Preferred
con¬
working
Offered by R. S. Dickson & Co.
working capital.
(par
*$100 000 Markley
Co.;
Park-Shaughnessy & C6.
•3«500,000 Rio
of
by E.
Placed privately with Metro¬
MANUFACTURING
AND
INDUSTRIAL
OTHER
The
Corp.; H. C. Wainwright & CO.; Watllrig, Lerchen & Co.;
Wheelock & Cummins, Inc.; F. S. Yantis & Co., Inc., and
cumulative
Purpose,
*1,250,000 Carman
Town-
Co.; Patlerscn, Copeland.& Kendall, Inc.; Phelps, Fenn
& Co.; Wm. E. Pollock & Co., Inc.; R. W. Pressprich &
Co.;The ja.anson-Davidson C6.,
inc.; The RobinsonHumhrey Co.; Sheridan, Bogan Co.; Singer,
Deane &
Scribner; Walter Stokes & Co.; Swehey Cartwright & Co.;
Swiss
American Corp.; "Thomas &
"Co.; Wachob-Bender
..
Radio
foundry,
and Notes (Issues Maturing
Up to and including Five Years)
& Co.; R. H. Johnson & Co.;
John Kormendi Co.;. Mason, Moran
& Co.; McMaster Hutchinson & Co.; Mullaney, Ross & Co.;
Nashville- Securities Co.; Otis & Co.; Roger 6. Palmer &
Kidder
5 Vz%
$50).
100,000 Associated Manufacturing & Foundry
shares of common stock (par $10).
Short-Term Bonds
Anderson; Gregory & Son, Inc.; Cartel- H. Harrison
A.
equipment.
Lincoln,
$43,375,000
Steele
.
of
(par
70,006
Purpose,
reduce
accounts payable and bank loans ancl
purchase of machin¬
ery.
Price, $7 per unit of one share of preferred and'
*one
share of common.
Offered by Amos Treat & Co.
City
Co.;
div.
Co.
convertible
shares
Price,
Stockton
Bothers;
and
Gas
INDUSTRIAL
lative
.
general corporate purposes:
politan Life Insurance Co.
Co.
shares
stock
Underwritten
490,000 Ansley
Baum,
First Cleveland Corp.; M. M. Freeman & Co., Inc.; Green,
Ellis &
*
bonds,
COj., Inc.;; Julien Collins & Co.; S. K. Cunningham
Co.,
send,
•
.
&
Co.;
^
mtge.
Securities Corp.;'Clayton Securities Corp.; C. C. Collings
..
:
& ref.
Purpose, construction, etc.
Price.
Offered by Halsey, Stuart & Co., Inc.;
G. -Applegate;
Geo.
1st mtge.
Co.
1981.
Co.;
Inc., 41,300 shares of common! stock (par
Purpose, corporate purposes.
Price, $7.25 per share.
Offered by Reynolds & Co.; Laurence M. Marks & Co.;
Ball, Burge & Kraus: J. C. Bradford & Cd.; Henry Hefrman & Co.; Kay, Richards &
Co., and The Ohio Company.
United Cigar-Whelan Stores Corp. unsecured 3V2% loan,
due semi-annually May 15, 1953-Nov. 15, 1961.
Purpose,
*5 ' 000 ' 000
&
$1).
Offered by The First Trust Co. of
par.
.
Trask
$299,425 Air Products,
Purpose,
275 000 Oval
•3,250,006 Ohio Associated Telephone Co. 1st mtge. bonds, 3 % series
% due 1976. Purpose, refunding.
Placed privately through
Paine, "Webber, Jackson & Curtis, and Stone & Webster
>
Carl
&
6,000
Purpose, improvement
Price, $4 per share.
OTHER
,
Financial Corp. 2%% sinking fund debentures,"
due 1971.
Purpose, payment of short-term notes.
Price,
100.
Sold privately to Equitable Life Assurance Society
of the,United States through Lee Higginson Corp.; Kidder,
Peabody & Co., and William Blair & Co.
Co.;
&
•-
capital; Price, par.
Placed
M.. Loeb, Rhoades & Co., and
Co.
&
Spencer
,
*25,000,000 Household
Corp.;
Co.;
stockholders.
Purpose, working
through
privately
Roberts
- -
&
Price, par.
$49,08.7,800
sinking fund debentures,
4%
par
.etc.
4
-
.
if
-
7%-year
Inc.,
.
1954.
due
Neal & Waggoner, and F..S. Yantis & Co., Inc.
Wyatt,
i
etc.
Ohio
$4).
Society
Assurance
.
<"•••'-
States.
United
i
*100,000 Dispensers,
Rothschild
F.
L.
Life
Investment Col of Mirtois 3%% subordinated,
debentures, due Dec. I» 1957.'- Purpose, trefunding.
Sold
privately to' Equitable^ Life Assurance- Society
of tne
Scott & Stringfellow; Shields & Co.; Smith, Moore
Stix & CO.; Walter Stokes & Co.j Thomas & Co.;
& Co.;
Price,
Equitable
Wood
Co.
preferred
holders.
96,000 West
*3,000,000 American
.
Gardner;
loans,
privatelv with
.<of the United States.
Winslow, Inc.; Peters, Writer & Christensen, Inc.; Quail
Co.;
The Ranson-Davidson Co.,
Inc.; Reinholdt &
-
bank
E.
Gas
capital,
.
of Illinois 2'/2% sinking fund
Purpose, refunding ($750,000),
expansion of business ($9,250,000).
Placed
Thomas
275,000 Upper Michigan Power & Light Co. 5,500 shares of 4%%
\J
first preferred stock, series B (par $50). Purpose, en¬
largements,
improvements,
etc.,
power
plant facilities.
MISCELLANEOUS
Park-Shaughnessy &
Inc.; Perrin, West &
Northwest Co.;
Co.; Patterson, Copeland & Kendall,
Otis
(14()0 Broadway Building),
1967.
Purpose, refunding.
America.
debentures, due Dec. 1,1956.
retire
Co.;
Harold
vertible
Investment Co.
*$10,000,000 American
Lynch, Pierce, Fenner & Beane; Milhous^ Martin & Mcluiigiit; inc.; i.Vewnard, C'66k <bC'o.; Aiired" O'Gara & Co.;
j
;
and
300,000 Rulane
with Prudential Insurance (Jo. of
Co.,
&
&
Anthony & Co.; G. H. Walker & Co.; Weeden &
Co., Inc.; Wheelock & Cummins, Inc.; White, Weld & Co.,
$8,665,000
Co.,
&
Hanauer
B.
Harris, 7 Hail
77
&
Ellis
Green,
Inc.; Harley, Haydon & Co., Inc.;
Inc.; Carter H. Harrison & Co.;
Hayden, Stonei& Co.; Hill & Co.; Hirsch & Co.; Johnson,
Lane, Space & Co., Inc.; Kalb, Voorhis & Co.; Kalman
75b CO:, Inc.; L6Cwf & do.; Martin, Burns •& Corbett, Inc.;
.Masdn-HEagan, - Inc.;
Mason," Moran & '' Co.; McMaster
"Hutchin'sonf& Co.; Wm. J..'Merfcka-Go.. Inc.; Merrill
J.
,
Miller
& Co.;
Co.;
Tucker,
Co.
B. C. Ziegler &
Offered by
*2,400,000 Tanager Construction Corp.
N. Y. City 4'/4%
bonds, due
Clement A. Evans
Field, Richards &
Marshall; Glore, Forgan
Anderson; Gregory & Son, Inc.;
Dempsey As Co.; Elkins, Morris & Co.;
& Co., Inc.; Farwell, Chapman & Co.;
v
Stokes
Jdim's Military Academy,
maturity.
C.
Ross
Bogan & Co.; William 11. Staats Co.; Starkweather & Co.;
Stein Bros. & Boyce; Stifel, JNicolaus & Co., Inc.; Walter
.
Deiafield, Wis. 1st mtge.
(2%-3%) serial bonds, due Nov. 1, 1947-56.
Purpose,
construction, etc.
Priced from 100.25 to 101 according
225,000 St.
R.
&
Co.; Minsch, Monell & Co.;
Maynard H. Murch & Co.; NashNewhnrd, Cook & Co.; E. M. Newton
& Co.;
Paine, Webber, Jackson & Curtis; Phelps, 'Fenn
& Co.;
R. W. Pressprich & Co.; Reinholdt & Gardner;
Reynolds & Co.; Riter & Co.; Salomon Bros. & Hutzler;
Schmidt, Poole & Co.; Chas. W. Scranton & Co.; Sheridan,
States.
United
by
&
vilie. Securities
*5,700,000 National Press Building Corp. 3%% notes, dated Dec. 2,
1946, due serially to Oct. 1, 1966.
Purpose, refunding.
Sold.privately to Equitable Life Assurance Society of the
1976.
due
Offered
W.
Mullaney,
ETC.
BUILDINGS,
*$340,00O Malbern Construction Corp. (N. Y.) 14-year
lohn.
Purpose,
corporate purposes.
Sold
Teachers Insurance &
Annuity Association
1st mtge. bonds, 314 %
Hayden,
Weeks;
'
int.
W.
Burr,
loan. Purpose, retire bank
loan and increase working capital.
Placed privately with
Equitable Life Assurance Society of the United States
through Lehman Brothers.
Purpose, refunding. Price,
First Boston Corp.; Smith,
Barney & Co.; and Merrill Lynch, Pierce, Fenner & Beane.
series,
Price
share and div. (subsequently reduced to
share). Offered by W, C. Langley & Co.;
per
& Co.; A. C. Allyn & Co., Inc.; American
Corp.; Ball, Burge & Kraus; A. G. Becker &
Co., Inc.; Bioren & Co.; Blair & Co., Inc.; William Blair
& Co.; Boenning & Co.; Bosworth, Sullivan & Co.; Alex.
Brown & Sons; Buckley Brothers; Frank B. Cahn & Co.:
*1,000,000 Univis Lens Co., 15-year 3%%
sinking fund series due 1961.
102 and int.
Offered by The
35,000,000 Kansas. City
preferred
provide new capital.
Haupt &
Corp.
New York Power
,yt..
7>„7
Purpose,
Securities
.
?
$2 20
Glore., Forgan
Purpose, plant expansion. Sold pri¬
Hancock Mutual Life Insurance Co.
(H. K.) Porter, Inc., Boston, loan.
tal. Sold privately to Mutual Life
of
Republic Co. (Inc.); Mitchum, Tuliy
Turben & Co., and Maynard H. Murch
"7,;
$102.76, iper-
.
1956.
15,
Dec.
vately to John
*350,000
shares
Centi-1
(par $100).
$104.11
sinking -fund debentures,
Corp., 5%
Pantex Manufacturing
.35,000
par). Purpose, refunding
Offered by Paine, Webber,
Webster Securities Corp.; The
Curtis; Stone &
Merrill,
Co.
stock
/
Placed pri¬
to provide capital for expansion.
vately with an insurance company.
>
d,861,000 Eastern
&
Co.
(no
share and div.
30,000,000_PhiIadolphia Electric Co. 300,006 shares of 3.8%
In¬
basis),
(2.65%
20-year loan
Register Co.,
Cash
Purpose,
$330,187,700 American Telephone & Telegraph Co. 15-year 2%% con¬
vertible debentures, due Dec. 15, 1961.
Purpose, to pro¬
vide subsidiary and associated companies with lunds for
extensions, additions and improvements.
Price, 100. Offered for subscription to stockholders.
*500,000 Cumberland Gas Corp. 10-year
■
funding.
Placed privately.
Telephone,
preferred stock
per
Co.:
Co.;
&
UTILITIES
PUBLIC
i:
C5.,
Fhrhaoe
£
&
Sons.
&
Brown
National
"15,000,000
,,
,
Ohio
■
.
privately.
>
.Jacksoh
*l,206;000 Kingsport Press, Inc.; 3% % note, due Annually^ 1947-1961.:
Purpose, refunding,
($818,917), restore working * capital,
i'
($381,083).
Price, par.
Sold privately to Fenn Mutual
Life Insurance Co. through Kidder, Peabody & Co.
and*
•7,600,000 Southern Railway 1% % equipment trust certificates, due
June 15, 1947-Dec. 15, 1956.
Purpose, purchase of equip¬
ment.'Awarded to Blair & Co., Inc., on bid of 99.04 and
$47,200,000
Price, $50
and Lehman Brothers.
note, due Dec. 1, i960. Purpose, teplehish funds used
plant expansion.
Placed privately with Prudential
Co. of America through Lehman Brothers.
E. Wood & Co.
placed
Cumulative
surance
int.
and
Auchincloss,
Associated
1,750,060 Ohio
'
& Co.; Alfred O'Gara &
Inc.; -find Thomas & Co.
Pittsburgh iessemer ife tkke Erie RA. 1st mtge. 2%% :
bonds,
series A. clue 19j6.
Purpose, refunding. Price,
100
Gas Co. 5,000 shares of capital stock
(par
Purpose, corporate purposes. Price, $10 per share.
for subscription to stockholders.
Offered
through
Co.
of
$10).
;
Insurance
Life
Co.;
Co., • Irie,
50,000 Lynchburg
-
Metropolitan
with
vately
C. I. T. Financial Corp.
Gas
cumulative
ment
note due Dec.-l, 1961. Purpose,
loans, wortcing capital.
Placed pri¬
bank
of
Naturaf
$,806 shares Of
preferred stock (no par).
Purpose, pay¬
indebtedness,- improvements.Price, $106
per
share..- Offered by The First Trust Co. of Lincoln (Neb.)
and Cruttenden & Co.
;
,7 :
$5
Corp., 3V2%
Wire
Essex
Co.; F. S. Yantis & Co.,
12,000,000
companies..
insurance
two
McMaster Hutchinson
Co.;
COrpv; iJ. J. B.; Billiard & Son;. Kirkpatrick-Pettis
McDcnald & Coif and The Ghio Co,
r
,
296,800 NanSas-Neliraslta
••
sinking fund debentures due Oct.
1, 1961. Purpose, refunding ($420,000), purchase of candy
manufacturing business
($2,080,000). Price par. Sold to
*7,000,000
-
&
-
;
4%
Co;,
Candy
Chase
*2,500,000
at
•;
Co.-, .Inc.; William Blair & Co.; Estabrook & Co.; First
of Michigan' Corp.; Ha"Wley, Shepard & Co.; Maynard H.
Murch
Co.; Putnam & .Co.;, Reynolds & -Co,; Bosworth,
/Sullivah^ & C04 Fahey,: ClSrk & CO;; The First Cleveland
_
bid of 99.303, of which $16,000,000 reoffered
prices to yield from 1.20% to 2.25%, according to
maturity, by Haisey, Stuart & Co., Inc.; Equipment Secur¬
ities Corp.; Hallgarten & Co.; Harris & Co. (Inc.); Hornblower. & Weeks; Otis & Co. (inc.);-Phelps, Fenn & CO.;
R. W Pressprich & Co.; Ed. H. Rollins & Sons, Inc.; L. F.
Rothschild & Co.; Gregory & Son, Inc.; The Illinois Co.;
First
of
Michigan Corp.; Hayden,
Miller & Co.; The
Milwaukee Co.;
Wm. E.
Pollock & -Co.,. Inc.; Julien
;
Ooilins
& Co.; Kebbod,. Mc'Cormick & C0.; Muilaney,
i:Ross & Co.; The First Cleveland Corp.; Mason, Moran
Awarded
&
America, 20-year 2.85% sinking fund ,
debentures, due Dec. 1, 1966.
Purpose, long range plant ;
expansion. Placed privately through Dillon, Read & Co.
Inc. and Morgan Stanley & Co. with Metropolitan Life
Insurance Co.;
The Equitable Life Assurance Society of-{
the United States; New York Life insurance Co.;
Pru¬
dential Insurance Co. of America; Northwestern Mutual)
Life Insurance Co.; Mutual Life Insurance Co. of New i
York; Aetna Life Insurance Co.; Massachusetts Mutual
Life Insurance Co.; New England Mutual Insurance Co.'
arid Penn Mutual Life Insurance Co.
of
•25,000,000 Celanes* Corp.
I
Mptiday^ jlntiaiy -£7y 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
534
.
.....
...
•
.
.77;' ifed6,d00 general Engineerings■:&
•
.
B
-
of
common
291,662 Gferi-Geljr.
7
-
stock: -(par
price, $5 per .share.
and J. W. Brady, &
Maniilactui^g C6.7i60,006 s^
$2).. ; Purpose, working - capital.
Offered by Dempsey-Tegeler As Go.
,Co.
'
Shdle. ftrlcfc- tort).-:. 4l #66 shares of • CoiWittbtt
stock*' (par $2):
$7
>
per share.
Purpose, restore. working capital.' Price,
Offered by P. B. Brooks & Co., Tnc,^
Volume 165
Number 4563
the
535
000,000 Haloid
»'•
Co. 10,000 shares
4%-. cumulative preferred stock
(par $100),
Purpose, retirebankloans, increase workr
ing capital.
Sold privately
to The Lile Insurance Cq.
of
Virginia; Massachusetts Mutual Life
Insurance
Co.;
New
England Mutual Life Insurance Co., and the Sun
.
Life
Assurance
Co.
of
Canada
through
The
First
Oil Co. 30,000 shares of 6#
'cumulative convertible
preferred. stock <par $10), ahd 30,000 shares of
common
stock
(par $1).
Purpose, drilling, construction of plant,
working capital.
Price, $10 per unit of one share of
•
:
.
Boston
Corp.
preferred
Co.
per
for
subscription
(A.)
Hollander
stock.
$23
to
stock.
100,000 American
Purpose,
purchase
Offered
Underwood &
of
machinery,
by Chas.
Co.,
and
White
B.
McClung
working
Co.; Milton
Knickerbocker.
&
:
::
.
R.
287,500 McQuay,
Inc., 50,000 shares of common stock (par $1),
Purpose, working capital.
Price, $5.75 per share.
Offered
by Loev/i & Co.; Bell, Farrell &■ Bteoblns, Inc.; ParkShaughnessy & Co., and Heronymus & Co.
;
Regulator
Co.
24,300
shares
of
preference stock, series A (par $100).
Sugar Co., Ltd., 36,000 shares of capital stock
(par $20).
Purpose, capital expenditures.
Price, $20 per
271,000 Pedlow
for
Machine
135,500
stock (par $1).
Purpose, to
capital.
Price, $2 per share.
shares
100
class
off RFC loan, working
Offered direct by company.
pay
ferred
Co.
of
prior
Inc.
stock
New
York
preferred
10,000
(par
Placed
Co.
and
privately
Roberts
525,000 Dobbs
(par
fered
8c
Co.; The First Boston Corp.; Glore, Forgan
& Co.; Graham, Parsons 8c
Co.; Hallgarten 8c Co.; Hallowell, Sulzberger & Co.; Harriman Ripley & Co.; Hornblower
&
Weeks; Kebbon,
McCormick
&
Co.; Kidder,
5,000
stock.
shares
$9.50).
Co.;
ities
shares
&
of
of
through
M.' Loeb,
Issues Not
Wm.
&
Co.
&
Co.;
and
A
8c
Beane; F. S. Moselev & Co.;
Ohio Co.;
Paine, Webber, Jackson & Curtis; Quail
Co.; Reynolds & Co.; Shields 8c Co.; Stone & Webster
Securities Corp., and Whiting, Weeks & Stubbs.
common
ness.
.
of
.
shares
company.
share.
per
purchased
Offered bv
by
■
if
•
•
Louis
'
'
•
"
company;
Eliasberg,
unsub¬
President
-
'
Garfinckel & Co., Inc. 160,000 shares of
4V2#
convertible-preferred stock (par $25). Purpose, pay 1V2#
promissory note ($1,200,000), purchase of Brook
Brothers, completion of building, " working
capital, etc.
($2,800,000).
Price, par. Offered by Auchincloss, Parker
& Redpath;
Johnston, Lemon 8c Co.; Alex. Brown & Sons;
Ferris & Co., Inc.; Mackall* &
Coe; Goodwyn & Olds;
Robinson, Rohrbaugh & Lukens; Stein Bros. &
Boyce;
unsecured
Robert
capital.
*200,000 Valsetz
:
Price,
stock
ing
.
par,
Lumber
preferred
capital.
customers.
14,000
shares
2#
$100).
Purpose,
Sold to
a
Co.
(par
Price,
2,000
class A
Garrett & Sons; Kirchofer &
Arnold, Inc.; Baker,
Watts & Co; Robert
C, Jones & Co.; Scott, Horner &
Mason,. Inp.; Starkweather & Co.; E. R. Jones & Co.;
pre¬
working
limited list of old customers.
shares
$100).
par.
cum.
acquisition,
Mead,
Co.,
2#
Purpose,
Sold
to
a
cumulative
class
acquisition,
limited
list
B
&
plant
c
expansion
&• Co.;
Chas.
M.
Peters
&
Henderson
Brysoh;
&
Co.,
C.
and
F.
Cassell
K.
S.
-
Wales
Insurance Co.
(Dallas).
10,000 shares of capital
(par $10V. Purpose, increase capital.
Price, $27.50
share.
Offered for subscription to stockholders.
stock
,
250,000 Ohrbach's, ;Inc. 5,000 shares of $2,25
cumulative preferred
stock-series A (no par).. Purpose, modernization of
store.
and-
-
Price, $po per share and div.
Offered, by A. G. Becker
& Coy Inc.; Eastman,
Diljon & Co.; Ladenburg, Thalmann
v&. Co.; Hayden, Stone 8c .Co.; A. M. Kidder &
Co.; Straus
8c Blosser; William Blair 8c
Co.; Henry Herrman & Co.;
rFriedman, Brokaw & Samish; J. B. Hanauer 8c Co., Inc.;
Marx & Co.;
Moore, Leonard 8c- Lynch, and Kuhn, Loeb
•
Whelan & Co.; Blair & Co.,
Inc.; William Blair & Co.;
Blyth 8c Co., Inc.; H. F. Boynton & Co., Inc.; Alex. Brown
Butcher & Sherrerd; H. M. Byllesby & Co:, Inc.;
Central Republic Co,,. Inc.; Clark, Dodge & Co.; E. W.
Clark & Co.; Julien Collins & Co.; Courts & Co.;
Curtiss,
House 8c Co.; J. M. Dain &
Co.; Dick & Merle-Smith;
&
Co.
■
i
& Sons;
•
•
287,500 D. M. Read Co. 50,000 shares of common stock
(par 250)
'■*
(with stock purchase
warrants).
Purpose, repayment of
loan.
Price, $5.75.
Offered by Warren W. York 8f Co.,
Inc., and Richard J. Buck & Co.
Domimck
8c Dominick; Drexel & Co.; Francis I. duPont
Elworthy & Co.; Emanuel, Deetjen & Co.; Equitable
Corp.; Estabrook & Co.; Fahey, Clark & Co.;
Farwell, Chapman & Co.; Fauset, Steele & Co.; Field,
& Co.;
1,500,000 Red
preferred
•
loans,
Richards 8c Co.; The First Boston Corp.; First California
Co.; The First Cleveland Corp.; First of Michigan Corp.;
Glore, Forgan & Co.; Glover & MacGregor,' Inc.; Gold¬
man, Sachs 8c Co.; Granbery, Marache & Lord; Grubbs,"
•
-
.
Kebbon,-" McCormick
and
8c Co.; Hallgarten & Co.; Harriman
Ripley 8c Co.,
Inc.; Harris, Hall & Co.. Inc.; Hawley, Shepard & Co.;
Hayden, Miller 8c Co.; Hayden, Stone & Co.; Hemphill,
-
&
Co.; J. J. B.
W. E. Hutton &
Hilliard
&
Son;
Hornblower
'v£ r"
525,000 Red
&
Weeks;
Co.; The Illinois Co.; Janney &
Johnson, Lane, Space 8c Co., Inc.; Johnston, Lemon
Co.; Kalb, Voorhis & Co.; Kebbon, McCormick & Co.;
A. M. Kidder & Co.; Kidder, Peabody &
Co.; KirkpatrickPettis Co.; Ladenburg, Thalmann & Co.; Laird, Bissel &
Meeds; W. C. Langley & Co.; Lazard Freres & Co.; Lee
Higginson Corp.; Lehman Brothers; Carl M. Loeb, Rhoadetf
& Co.;
Laurence M. Marks & Co.; Mason-Hagan, Inc.;
&
j
r
.■
&
Co.;
':
•
:
Co.; 'Tucker,
Anthony 8c. Co.; pnion Securities Corp.;;
q. H, Walker 8c Coi; Weeden & Co., Inc.; White, Weld
8c Co.; Whiting, Weeks & Stubbs; The Wisconsin Com-,
panyr Dean Witter
& Co.;
Harold E. Wood
& Co.;
Woodard-Elwood & Co.; Wurts, Dulles & Co., and Yarnall
cdn.ooZ 8c
-Co;.-,', r$82,836,694
Representing New Financing 1
&
14,000
shares of common
Offered by Goshia >&
x.
.
by
of
common
stock
Piper,
'
■'
w
stock.
Co.,
Co.
and
Frocks,
8c
Inc.
Price,
$9
120,000
"
shares
of common atock
Offered by Van Alstyne.
share.
per
Co,
['
"
" *
'
>
'
"I
r
,
v
-
William
(par
$1).
Co.. 100,000
PUrpose,
shares
of
common
R. Staats Co.; Starkweather &
Co.; Stein Bros.
Boyce; Stern Brothers & Co.; Stillman, Maynard 8c Co.;
& Co.;
Stone 8c Webster Securities Corp.; Stroud
& Co., Inc.;
Sutro & Co.; Sweney, Cartwright &
&
stock
reduce'outstanding bank loans,
Stix
gen¬
corporate purposes.
Price, £16 per share;
Offered
bv Van Alstyne, Noel 8c
Co.-; Johnston, Lemon & Co., and
Crowell; Weedon 8c Co.
—
. "
**
Co.;
Swiss American
Corp.; Spencer Trask & Co.;
Tucker;
Anthony & Co.; Union Securities Corp.; Vietor, Common,
& Co.; G. H. Walker &
Co.; Weeden & Co., Inc.;
,
300,000 Sunshine Park
"
Dann
Racing Association,
250iion-cumulative
120,000
shares
provements,
ferred
and
etc.
2
preferred
of common
Price,
shares
stock
$5
of
Walters <8$ Co., Xn<j, and
per
Die. 60,000 shares of
"(par $4.80), - and
Purpose, im¬
Wertheim
stock
Stubbs;
(par $10).
unit
common.
of
1
Offered
share
of
by
John
E.
pre¬
-
-.
,
,
8c
$1)."
ner,
54,000
Price,
..
„
"
,
,
,
-
,
c
;;
Co.,
Harold
&
Co.,
Offered
common
by
stock
Bonner
8c
(par
Bon¬
>w'
stock.
Co.
&
5,500
share,
&
Shinkle
Price,
Gardner
shares
Offered
Shoe Co. 4,000 shares of
$13.50 per share.
Offered by
Stifel, Nicolaus & Co.
and
of
common
by Neergaard,
stock.
Miller
&
Price, $17.75
Co. '..
/■ J5-
550,000 Kings'part
Press, .Inc., '55,000 shades of' common stock
(par $2.50).
Price, $10 per share.
Offered
by Alex.
Brown. & Sons; *'Equitable Securities
Corp.; Kirchofer 8s
Arnold, Inc.; Scott, Horner & Mason, Inc.; Clement A.
GOVERNMENTS
due
Int.
Offered by Morgan
Stanley & Co.; A. C. Allyn 8c Co., Inc.;
I A. E. Ames & Co., Inc.'; Auchincloss, Parker &
Redpath;
Bear, Stearns & Co.;' A. G, Becker & Co.i Ine.; -Blair
•
share.
a
Johnson-Stephens
common
per
,c.:
$1.75
Inc.
97,625 Kerlte
$25,000,000 Australia, Commonwealth of, 20-Year 2Vz%
bonds
^
f
!
: Dec/
i, 1966.- Purpose/ refundirig;; /Price,/98Vd and
Co.; Dean Witter & Co.;
Woodard-Elwood 8c Co.; Yarnall
43,750 Income Shares Corp. 25,000 shares of
Joh^ H^ VoleoUhe & Cd.
$17,834,481
»■<,;
Wisconsin
Walker, Austin 8c Waggener.
Reinholdt
FOREIGN
Co.; White, Weld 8c Co./Whiting, Weeks 8a
Co.;
K.
.
OTHER
8c
The
Wood
and
1,500,000 United Benefit Fire Insurance Co.
(Omaha) 50.000 shares
of common
stock (par $10).
Purpose, legal investments
for fire, and automobile insurance companies.
Price, $30
per share.
Offered to the public direct by: the company..
-
'
Co.
Company;
Company, Inc.,
&
The
eral
.
t;
■
Co.;
1,600,00(0 Seaboard Fipance
Co.;
McDonald & Co.; Merrill Lynch,
Pierce, Fenner & Beane; Merrill, Turben & Co.; The Mil-'
waukee Co.; Minsch, Monell & Co.; Moore, Leonard &
Lynch; Morgan Stanley & Co.; F. S. Moseley & Co.;
Mullaney, Ross & Co.; Maynard H. Murch & Co.; Newhard, Cook & Co.; The Ohio Company; Pacific Northwest
Co.; Paine, Webber, Jackson & Curtis; Peters, Writer *
Christensen, Inc.; Phillips, Schmertz & Robinson; Piper,
Jaffray & Hopwood; R. W. Pressprich & Co.; Putnam &
Co.; Rauscher, Pierce & Co., Inc.; Reinholdt & Gardner;
Reynolds & Co.,' Riter & Co.; The Robinson-Humphrey
Co.; E. H. Rollins & Sons, Inc.; Rotan Mosle and Moreland; L. F.'Rotschild & Co.;' Salomon Bros. 8c Hutzler;.
Schoellkopf, Hutton & Pomeroy, Inc.'; Schwabacher &r
Co.;: Shields.1 &
Company;
Singer, Deane &
Scribner;
Smith, Barney &. Co.; Smith, Moore & Co.; William R.
Staats Co.; Starkweather & Co.;
Stein Bros. 8c Boyce;Stern Brothers & Co.; Stix 8c Co.; Stone &
Webster
Securities Corp.; Stroud 8c Company, Inc.; Sweney Cart..,rwright & Co.; Swiss American Corp.; Spencer Trask &
i
<
Masten
8c
&
Kalman
Co.
etc.
Price, $10.50
Jaffray & Hopwood; J. M.
Milwaukee Company;
Kebbon, McCorKalman & Co., Inc., and Woodard-Elwood
Offered
-mick
•
Co.;
&
Stores, Inc. 50,000 shares
Purpose, equip warehouses,
Dain
Co.;
E.
Owl
(par $3).
per share.
&
A.
&
Woodard-Elwood
Scott
Noyes
Owl
Stores, Inc. 15,000 shares of 4%# cumulative
stock (par $100).
Purpose, reduction of bank
equipment of general office and warehouse.
Price,
$104
per share
and
div.
Offered bv Piper, Jaffray 8c
Hopwood; tf. M. Da.in 8c Co.; The Milwaukee
Securities
i
consolidated <3e«
1, 1947.
Purpose, ';
Charles R. Dunn,
-
-
-
&
Co. :.
per
rearrangement
program.
Price,
$100.50 Rer share and div.
Offered by Kuhn, Loeb &
Co.; A. G. Allyn 8c Co., Inc.; American Securities Corp.?
Bacon, Whipple 8c Co.; Baker, Watts & Co.; Baker, Weeks
8c Harden; Ball,
Burge 8c Kraus;. Bateman, Eichler -&
Co.; Bear, Stearns & Co.; A. G. Becker & Co., Inc.; Biddle,
•
Inc.;
275,000 Gulf
old
50,000,000 Westingliouse Electric Corp. 500,000 shares of 3.80# cumu¬
lative preferred
stock, series B
(par
$100).
Purpose,
-
Miller
work¬
of
-
'
■
4;000,000 (Julius)
297,912 Unexcelled Chemical Corp. 37,214 shares of
capital stock:
Purpose, reduction of bank loans obtained to acquire stock
of constituent
company.
Price, $8 per share.
Offered
for subscription to stockholders.
Co.
1#
Oct.
%
25,191,180 Gulf Oil Corp. 399,860 shares of capital stock
(par $25).
Price, $63 per share.
Offered by First Boston
Corp.;
A.
C. Allyn & Co.,
Inc.; Almstedt Brothers; American
Securities Corp.; Geo. G;
Applegate; Auchincloss, Parker
h Redpath; Bache & Co.:
Baker/Watts 8c Co.; Baker.
Weeks & Harden; Bear, Stearns &
Co.; Biddle, Whelea
il?, Co.; Biair 8z Co., Inc.; William Blair (8c
Co.; Blyth 8a
C<?„ Inc.; Boebtcher & Co.; Geo. D. B.
Bonbright 8c Co.;
jr
Fi Boynton
& Co.,
Inc.: Brush, «Siocumb & Co.;
(Butcher & Sherrerd; H. M.
Byllesby 8c Co., Inc.; Central
Republic Co., Inc.; Clark, Dodge & Co.; Coffin &
Burr,
Inc.; C. C. Collings & Co., Inc.; Julien Collins &
Co.;
Ccoley 8c Co.; Courts & Co.; Cruttenden 8c Co.;
Curtiss,
House <te Co.; J. M. Dain 8c
Co.; R. L. Day & Co.; Dewar,
Robertson & Pancoast; Dick &
Merle-Smith; R. S. Dick¬
son & Co.,
Inc.; Dillon, Read 8c Co., Inc.; Drexel &
Co.;
Francis I. duPont & Co.;
Eastman, Dillon & Co.; Emanuel,
Deetjen 8c Co.; Equitable Securities Corp.; Estabrook 8a
Co.; Clement A. Evans 8c Co., Inc.;.
Fahey, Clark & Co.;
Farwell, Chapman & Co.; Fauset, Steele & Co.; Ferris
£»
Co., Inc.; Fields, Richards & Co.; First
California Co.;
First Cleveland
Corp.; First Southwest Co.; Folger, Nolan
Inc.; Glore, Forgan & Co.; Goldman, Sachs &
Co.; Graham, Parsons & Co.;'Granbery, Marache &
Lord; Green,
Ellis & Anderson;
Grubbs, Scott & Co.; Hallgarten & Co.;
Harriman Ripley & Co., Inc.;
Harris, Hall & Co., Inc.;
Hawley, Shepard & Co.; Hayden, Miller & Co.;
Hayden,
Stone & Co.; Hemphill, Noyes &
Co.; J. J, B. Hilliard 8s
Son; Hornblower 8c Weeks; The Illinois
Co.; Ingalls 8s
Snyder; Janney & Co.; Jenks, Kirkland 8c Co.;
Johnson,
Lane, Space and Co.,
Inc.;
Johnston, Lemon & Co.;
Edward D. Jones 8c Co.;
Kay, Richards & Co.; Kebbon,
McCormick & Co.; A. M. Kidder &
Co.; Kidder, Peabody
8c Co.;
Kuhn, Loeb 8c Co.; Laird & Co.; Laird, Bissell 8a
Meeds; Lee Higginson Corp.; Lehman
Brothers; Lester
& Co.; Carl M. Loeb, Rhoades 8c
Co.; Mackubin, Legg 8s
Co.; Laurence M. Marks & Co.; A. E. Masten &
Co.;
McDonald & Co.; Merrill Lynch,
Pierce, Fenner & Beane;
Merrill, Turben & Co.; The Milwaukee Co.;
Moore, Leonard
& Lynch;
Morgan Stanley 8c Co.; Moroney, Beissner &
Co.; Maynard H. Murch & Co.; W. H. Newbold's Son
&
Co.; Newhard, Cook & Co.; The Ohio Co.; Pacifio
Northwest Co.; Paine, Webber, Jackson &
Curtis; Piper,
Jaffray & /Hopwood; R. W. Pressprich & Co.;
Rauscher,
Pierce & Co., Inc.; Reinholdt &
Gardner; Riter & Co.;
Robinson-Humphrey Co.; E. H. Rollins 8c Sons Inc.; Rotan,
Mosle and Moreland; L. F. Rothschild 8c
Co.; Salomon
Bros.
&
Hutzler;
Schmidt, Poole & Co.; Schoellkopf,
Hutton & Pomeroy, Inc.; Schwabacher 8cCo.; Chas. W„
Scranton & Co.; Shields & Co.;
Shuman, Agnew 8c Co.;
I. M. Simon &
Co.; Singer, Deane & Scribner; Smith,
&
Co.; F. S. Smithers & Co.; A. W. Snyder & Co.;
shares of class
,
r.J
284,970 Southern Oxygen Co., Inc., 6.785 shares of common stock
(par $25).
Purpose, construction, working capital, etc.
Price, $42 per share.
Offered by Johnston, Lemon 8c Co.
(par
*
&
(par $1).
Noel
expansion of busi¬
Price, $310
scribed
&
stock
agent.
Mericka
1,080,000 Fashion
Co.; J. C.
Co., and Bullington-
of America at Baltimore, 750
stock (par $100):
Purpose,
Secur¬
■
Coi
Mid-South Securities
232,500 Finance Co.
The
ferred
"
**
(
Peabody & Co.; W. C. Langley & Co.; Lehman Brothers;
M.
Loeb, Rhoades & Co.; Mason-Hagan, Inc.; Merrill
■•1,400,000 Valsetz Lumber
Equitable
->
297,500 01. H.) Claussen's Sons, Inc.
35,000 shares of participat¬
ing convertible preferred stock (par $1).
Price, $8.50 per
share.
Offered by Johnson,
Lane, Space 8c Co.; Clemen*
A. Evans & Co.,
Inc., and Courts & Co.
v
750,000 (H, H.) Claussen's Sons. Inc. 7,500
shares of 5% cumula¬
tive preferred stock
(par $100).
Price, $100 per share.
Offered by Johnson,
Lane, Space & Co., Inc.; Clemen*
A. Evans &
Co., Inc., and Courts & Co.
Houses,
Inc.
75,000
shares
of
common
stock
$1).
Purpose, expansion,
Pr.ice, $7 per share. Of¬
by Emanuel, Deetjen & Co.; B. F. Ward &
Co.;
Bensdorf
Co."-
/
i
•
Corp.;
8c
Straiten Corp. 76,000 shares of
capital stock
(no par).
Price, $27 per share. Offered by A. G. Beckes
& Co., Inc.; Central
Republic Co./ Inc.; Hemphill,
Noyes
& Co.; Stone 8c Webster
Securities Corp.; Union Securities
Corp.; Hornblower & Weeks;
Kebbon, McCormick & Co.;
Paine, Webber, Jackson 8c Curtis;
Bacon, Whipple & Co.; /
Hallgarten 8c Co.; Hayden, Stone &
Co.; Loewi & Co.;
Bosworth, Sullivan 8c Co.;: The Wisconsin
Co.; Ames,
Ehrerich & Co., Inc.;
Farwell, Chapman & Co.; Graham.
Parsons 8c Co.; Johnston, Lemon
8c Co.; A. M., Kidder
8c Co.; Reinholdt &
Gardner; Sills, Mihton & Co.; Straus
8c
Blosser; Julien Collins 8c Co., and
Henry Herrman.
8c
Co.
Bradford & Co.; Edward Brockhaus &
Schas & Co.
J.
2,Q52,p00 Brlggs
pre¬
Rhoades
■
■
„
$94,500 Bingham Stamping Co.
Price, $6.75 per share.
Co.
Carl
-
,
New York, fiscal
pur¬
cumulative
Securities
benturcs, dated Jan. 2, 1947, due
refundinng.
Price, par.
Offered
$1.25
shares
Dominion
Farm L0411 and
Government Agency Issues
$33,940,000 Federal Intermediate Credit Banks
Purpose, increase
Offered for
5#
The
Corp., and Hayden, Stone
$33,300,000
Price, par.
Purpose, working
through Carl M. Loeb, Rhoades
privately
Roberts
&
Herman
Carl
<
-
Kalman
8,500,000 Sydney (Australia) County Council
3'/a# 10-year sinking?
fund bonds, due Jan.
1, 1957.
Purpose, refunding. Price.
101 and int. Offered
by Kidder, Peabody & Co.; Harriman
Ripley & Co., Inc.; Lazard Freres &
Co.; White, Weld
8c
New
4 "" *
*4,500 Dispensers, Inc, 30,000 shares of common stock
(par 15<J).
Purpose, working capital.
Price, 150 per share.
Placed
privately through Clokey & Miller.
Fenner
Casualty
capital.
8c
*
Pierce,
by
^
one
*95,000 Dispensers,
15,000,000 St. Regis Paper Co. 150,000 shares of first
preferred stock
4.40# series (par $100).
Purpose, refunding ($7,117,845),
advance
to
subsidiaries,
acquisitions,
expansion,
etc,
($7,882,155).
Price, par.
Offered by White, Weld 8c Co.;
Bosworth, Sullivan 8c Co.; H. F. Boynton & Co., Inc.;
Lynch,
purchased
'
capital and surplus.
Price, $25 per share.
subscription to stockholders,
Unsubscribed
chased by Salvage Adjustment
Corp.
*
Estabrook
•
.
annual dividend
-
common
*24,000 Repcter Products, Inc., 10,000 shares of unissued common
stock and 10,000 shares of
treasury common stock (par
$1),
Purpose, development and improvement in inven¬
tions, etc.
Hrice, $2.40 per unit of two shares each,
Placed
-
.
A
V
,
■
125,000 Citizens
subscription to stockholders.
Co.
Co.
*.850,000 Contract Purchase Corp. 8.500 shares of 4%#
cumulative
preferred stock (par $100).
Purpose, refunding ($100,?
000), working capital ($750,000).Price, par.
Sold pri¬
vately to two insurance companies.-
..
720,000 Olokele
Offered
Insurance
(Inc.); Farwell,-Chapman & Co.; Glore, Forgan & Co.;
Harris, Hall & Co. (Inc.); The Illinois Co.; Lee Higginson
'Corp.; Lehman'Brothers; Laurence M.
Mark6
&
Co.;
Merrill Lynch, Pierce, Fenner &
Beane; The Milwaukee
Co.; Piper, Jaffray & Hopwood; Smith,
Barney & Co.;
White, Weld_&. Co.,- and The Wisconsin Co.
'
<
Purpose, additional working capital. Price, $105 per share
and div. Offered by Union Securities
Corp.; Piper, Jaffray
& Hopwood, and Alex. Brown & Sons.
share.
capital
'
2,430,000 Minneapolis-Honeywell
convertible
of
Associates, Inc. 4,572 shares of common stock
(no par).
Purpose, liquidation of bank loans, or advances
to-, subsidiaries., Price, $16.40 per share;
fold privately
'.
to
v
;
3.20#
shares
purchaser through^. L. Putnam & Co., Inc.
5,000,000 Carson, Pirie, Scott & Co. 50,000 shares of
cumulative
'preferred stock, 4^# series (par $100).
Purpose, refund¬
ing ($1,990,000), corporate purposes ($3,010,000).
Price,
par.
Offered by William Blair & Co.; A. G. Becker &
Co., Inc.; Bacon, Whipple & Co.;. Central
Republic Co.
capital.
&
100.000
Unsubscribed- shares
Fire
*74,981 Beacon
of machin¬
.
par.
Corp.
States
Insurance Co.. (Indianapolis).
10,000
shares
of
$1.20
cumulative
preferred stock
(par $10).
Purpose, capital funds.
Price, $25 per share.
Offered
by City'. Securities* (k>» «<
working capital.
Price, par.
Offered by Chas. B.
& Co.; Milton R. Underwood &
Co., and McClung
& Knickerbocker.
'
/
:
:
80,000 Magnolia Paper Co. 8,000 shares of common stock
(par
Price,
Pacific
($708,930); advance to sub($760,000); woricing capital ($531,070).
per share.
Offered for subscription to stock¬
par).
stockholders.
ery,
$10).
by
refunding
to
White
;
Bancshares
Hampshire
Cali¬
purchase
Offered
,
.
fornia; Cruttenden & Co.; Mitchum, Tully 8c Co.;
Wagen& Durst, Inc., and Dallas
Rupe & Son.
150,000 Magnolia Paper
Co.
3,000 shares of 5J/2#
cumulative
Purpose,
common.
$590,000 American
seller
(par $50).
of
MISCELLANEOUS
;
Fidelity Co. 10,000 shares of capital stock (no
-Purpose, expansion. Price, $59 per share. Offered
-
Corp. 100,0C0 shares of capital stock
(par $1),
Purpose, retire bank loans, purchase of new construction
equipment.
Price, $18.50 per share. ' Offered by Dean
Witter & Co.; Schwabacher tz Co.; Pacific Co.
of
stock
E. Hutton & Co.; The Illinois
& Cp., Inc.; Kidder, Peabody &
Co.; Kuhn,
Co.; Laird, Bissell 8c Meeds; Lazard Freres 8c
Co.;
Lee
Higginson' Corp.;
Lehman
Brothers;
Laurence
M.
Marks & Co.;
McLeod, Young, Weir Inc.; Merrill Lynch,
Pierce, Fenner 8c Beane; F. S.
Moseley 8c Co.; Paine,
Webber,
Jackson
&
Curtis; R.
W.
Pressprich
&
Co.;
E. H. Rollins & Sons
Inc.; L. F. Rothschild & Co.; Sal¬
omon
Bros. & Hutzler;
Schoellkopf, Hutton & Pomeroy,
Inc.; Shields 8c Co.; William R. Staats
Co.; Swiss Amer¬
ican Corp.; Spencer Trask
& Co.; Tucker, Anthony '8c
Co.;
Union Securities Corp.; G. H.
Walker 8c Co.; White, Weld
& Co.; Whiting, Weeks 8c
Stubbs; The Wiscon&ih Co., and
Wood, Gundy & Co,, Inc. ,•>
Co.;
company
Price, $20
holders. V
1,850,000 Macco
preferred
share
one
Purpose,
holding
Sold to a group of
company executives.
*60,000 Hollywood Colorfjlm
Corp. 30,000 shares of capital stock
(par $1),
Purpose, business needs. Price, $2 (net/.
Bold
privately to private investors.
,
and
California.
$2,000,000 Industrial
Son, Inc., 13,875 shares of common
capital purposes.
Price (approximately)
share.
of
Co, (Inc.); Hayden, Miller & Co.; Hayden, Stono
Hemphill, Noyes 8c Co.; J. J. B. Hilliard &
Son;
Co.;
Loeb &
INVESTMENT TRUSTS. TRADJNG,
HOLDING, ETC.
Onered
stockholders.
&
Purpose,
per
share.
8t
/ Hornblower & Weeks; W.
.
273,310 Herff Jones Co. 27,331 shares of
class A preference stock.
Purpose, working capital.
Price, $10
319,125
Hall &
$300,000 Adams*
>
;
Inc.; William Blair & Co.; Blyth 8s Co..
Inc.; Bos.;
worth, Sullivan & Co.; Central Republic CoV (Inc.);
Clark,
"Z .Dodge & Co.; Julien Collins & Co.; Commonwealth Banki i
of
Australia; Dillon,: Read 8c Co.' Inc.; The Dominion
Securities Corp.; Drexel &
Co.; Equitable Securities Corp.;
Estabrook & Co.; The First Boston
Corp.; First of Mich¬
igan Corp.; Folger, " Nolan Inc.;
Goldman, Sachs & Co.; Hallgarten & Co.; Harriman
Ripley & Co., Inc.; Harris,
/
/
*
;
Evans & Co.,
inc., and Kidder, Peabody & Co.
9,250 <B; t,) Lemke & Co. 2,000 shares of common stock (pa*
/
500);
Price, $4.62Va per share.
Offered by. Paul & Co.
9,625 Liberty Fabric of New York, Inc., 1,000 shares of common
stock (par $1).
Priee, $9% per share.
Offered by Allen
&
'
Co./v.// /■"/-z"z' /V "'V/•
2,500,000 Max Factor & Co. 200,000 shares of
/:•:/
$1).
-
Eichler
Price,
&
$12.50
Co.;
First
per
share.
California
common
Offered
Co.;
by
William
stock
■'
(par
Bateman,
R.
Staats
""
'.
\
'"' ' '
r
"
'•
.
:"A'
'
ft<-
-iV-
*
'
•
<
FINANCIAL CHRONICLE
THE COMMERCIAL &
& Co., and Crowell, Weeden
"Hit..
.».• J. »r
Q
Pacific
Company
uwiifmv
rauiiib
of California.
«»
2,400 shares of common stock.
Price,
share.
Offered by Smith, Moore & Co.
$15.50
per
''"1,750,000 Ohrbach's, Inc., 35,000 shares of $2.25 cumulative pre¬
ferred stock, series A (no par).
Price, $50 per share
and div.
Offered by A. G. Becker & Co., Inc.; Eastman,
Dillon & Co.; Ladenburg, Thalmann & Co.; Hayden, Stone
& Co.;
A. M. Kidder & Co.; Straus & Blosser; William
Blair & Co.; Henry Herrman & Co.; Friedman, Brokaw
&
stock
(par
Erailsford
&
Waddell
l ' 600 ' 000
J"
Co.; Moore,
;
■■■■■
Seaboard Finance Co. 100,000 shares of
(par $1).
Price, $16 per share. Offered
placed privately.
Cherry-Burrell Corp.—Current Sales Higher—
close of the company's Oct. 31, 1946 fiscal year have
running considerably higher than a year ago, John W. Ladd,
President, told stockholders at the annual meeting.
.^For annual report, see V. 165, p. 204.
Ry.—Equipment Trusts Offered—
Halsey, Stuart & Co. Inc. on Jan. 24 offered $2,300,000
1 lk% equipment trust certificates (Philadelphia plan)
at prices to yield from 0.95% to 1.80% according to ma¬
turity. Participating in the offering are Freeman & Co.
and William E. Pollock & Co., Inc.
The certificates ma-;
ture $230,000 annually from 1948 to 1957.
Cincinnati,
by
issuance and. sale subject to authorization of the ICC.
f' The issue was awarded Jan. 23 on a bid of 99.129; an
interest
about 1.665%.
bids received included: Harris, Hall & Co. (Inc.), 99.032 for
Salomon Bros. & Hutzler, 99.70 for l%s; R. W. Pressprich
Co.. 99.72 for' l%s; Harriman Ripley & Co., Inc., 99.702
-National City Bank of Cleveland, 100.026 for l3/4s; and
Trust Co;, 100.363 for l%s.of
Other
&
for-l%s;
Cleveland
Orleans and Texas Pacific Railway.
by new standard-gauge
New
tion
the
by
Revenue
10,400,810
11,339,188
77
.
.
..
1
the builders' own specifications instead of those of the
These cars will cost approximately $6,300,000.
are for the C. & O. and 600 for the Nickel Plate.
Delivery is scheduled for the third quarter of 1947, dependent upon,
the availability of materials.
•
■
In inviting
bids on this equipment from eight builders in their
territory, the two railroads departed from the customary practice of
on
buyers.
thousand
making their own
specifications.
.
Chicago Burlington &
Colonial Airlines, Inc.—Record
V'?",
•
-
Stockholder Pro-
j Childs Co., N. Y. City—Minority
Jtests. Plan-^
it was announced on Jan. 22 by Sigmund
constituted a new annual high in passenger
international air carrier.
'
"If
says:
|
-
SEC—
on
Colorado Fuel & Iron
'-r
the plan
Exchange Commission in its first advisory report
stock plan, to be fair to the present com¬
should 'give them 25% to 30% of the new common
permissible participation to the present common
in its latest report on. the Trustee's amended
The Commission,
Jar outside'that
plan as unfair.'
,
range
admin,
and
Sell,
J'The
exps..
doned
prop.,
60,853
equipment
Dr 1,556
2,721
4,959
128,603
Interest
on
289
contingencies
456
38,600
1,673,800
247,900
:
■
■
':
Products, Inc., Summit, N. J.—
New President—
;
>;bn
Jan. 15, 1947, Dr. Joseph S. Bates, of Media, Pa., was elected
President, succeeding J. J. Brodbeck, who recently resigned.
Dr. Bates is also President of the Bates Chemical Co., of Philadel- 1
phia.
;
• ' ''
: *•'
:V7; 7.^
•Including operating expenses, maintenance and repairs, rents and
royalties, taxes other than Federal income, and provision for doubtful
notes
fLoss*
and accounts.
provision from income is being made and is credited
Federal Taxes and Contingencies" pending the
further clarification of the effect of the Revenue Act of 1943 and the
results of the negotiations on intra-plant inequities and other adjust¬
ments as directed by the War Labor Board. ....
.
NOTE—A current
to
the
for
"Reserve
At Dec. 31, 1946 there were 1,126,775 shares of common
502,831.56 shares of preferred stock outstanding.—:V. 164, p.
Orleans ^ Texas Pacific Ry^—Equip-;
Offered—Halsey, Stuart & Co. Inc. on Jan.
J:; Cincinnati New
equipment trust certificates'
at prices to yield from >0.95% to 1.80% according to®
maturity.Others .making the offering include Horn-;
blower & Weeks, Otis & Co. (Inc.), R. W. Pressprich i
& Co., L. F. Rothschild & Co., First of Michigan Corp.,
Gregory & Son, Inc., and Putnam & Co.
,
. - >
1
24 offered $1,700,000 1% %
stock and
2955.
Electricity output of the
excluding sales to other electric utilities, for the week ended Jan. 18,
showed a 11.9%
increase over the corresponding week last year.
Following are the kwh. output totals of the past four weeks and per¬
centage comparisons with last year: •
'< '
<
1
'!
Ended—:
Week
217,730,000
219,183,000
205,501,000
199,402,000
Dec.
...
28—
"
—V. 165, p. 335.
Commonwealth
&
-;v
/v ® 1940
v
,
SEC
has
given
194,567,000
198,659,000
182,767,000
-
181,199,000
^
11.9
10.3
12.4
10.0
investment
Net
Corp. — SEC
Dissolution—
Southern
proposed
to
organize
of all five of its southern
transfer
the stocks
Its northern subsidiaries,
Indicates
Southern
Co.,
and to
subsidiaries to the new
the dissolution
in a second plan of
proposal, would be set up as independent companies
ership of. their stocks.
with public own¬
suggested, that C.
S. airien<$ its plah. to
eliminate the proposed debenture issue by the
Southern Co.; that.
C.
& S. agree to dispose. of one of its southern companies,
South
Carolina Power Co., as well as its northern subsidiaries; that the
southern operating companies retained dispose of their gas and trans¬
portation properties, and that C. & S. agree to dispose of any re¬
maining interests in Southern Co. as soon as possible after the re¬
tirement of its outstanding preferred stock.
:
-staff on Jan. .15
$653,87®
5,174,861
175,162
5,006,051
163,322
$5,204,701
$4,999,699
$4,842.72®
$6,611,361
$5,496,59®
98,632,642
92,345,561
80,185,183
jDt270,086
485,035
388,252
Dr6,925,610
income.
Total
Previous
net
surplus
In market value of
Inc.
(net)
18.628,118
11,303,601
real estate,
$97,612,044$118,070,074 $97,373,63*
-
Transfer
of
surplus
to
15,000,000
capital
962,948
Cr991,774
1,429,221
3,999,989
3,999,985
Br53,090
tax
dividends declared
Net
-
Crl41,782
886,307
3,999,98*
$92,596,017 $98,632,643 $92,345,561
surplus, Dec. 31
SHEET.
DEC.
31
1945
1946
ASSETS—
$
$
Bonds
•142,872,435
184,686
stocks
and
estate
Real
(not 90 days
Agents balances
149,614,828
192,913
5,606,400
3,388,702
overdue)
266,669
accrued
Cash
deposit and in office
on
other assets
All
259,272
8,152,639
5,396,087
200,555
Interest
345,432
157,283,385
159,197,231
Unearned premiums
Losses in process of adjustmentReserve for taxes and expenees.
34,167,768
12,413,083
29,409,158
2,016,500
2,070,70®
Reserve
2,000,000
189,184
20,000,000
86,496,850
2,000,00®
142,231
20,000,00®
95,139,39*
157,283,385
159,197,231
Total
.
LIABILITIES—
dividends
for
Reserve for
all other
claims
Capital
Net
surplus
Total
•Valuations on
and
stocks
had
10,435,748
approved by National Association of Insurance
Dec. 31, 1946 market quotations of bonds
used the total admitted assets would be $163,-
basis
Commissioners,—If
actual
been
by law.—V. 163, p. 899.
:
'
,
Securities
purposes
carried
required
"
Continental-United Industries Co., Inc.—Sells Unit—
as
Although the Commission stated it was prepared to express this
opinion at the request of the parties, final determination
was reserved pending the formal submission of the amendments
and
completion of the record.
The
$1,611,661
5,389,960
185,260
rents
at
:
had
10,819,45®
$970,397
and
382,552 and policyholders' surplus $112,596,017.
$1,788,712 in this statement are deposited for
^
tentative
Commonwealth
11,367,440
$6,175,097
Interest, dividends
Expenses
,?%lnc..
1945
its tentative view that if the corporation
amends its Southern Co. plan in line with the suggestions recently
made by the staff of the Commission's Public Utilities Division, .the
amendment-will be an ''acceptable resolution of the problems" posed
in the staff's statement.
The
concern.
ment Trusts
t$410,018
$1,901,436
f$452,214
$876,310
income
Need for Changes in Plan for
v?
13,322,695
BALANCE
i.Hetkin, Jervis & Hetkin, Counselors at Law, of 50 Broad St., New
York, N. Y. have appeared in the proceeding on behalf of Mr. Donzis
and other common stockholders holding in the aggregate approximately
165, p. 335.
—
v
Cash
876,400
bank loans-
interest
Net
$32,382,696 $23,019,663 $26,936,558
18,089,604 .16,040.561
15.463,237
—
""
'
income
146,875
11,114
profit of approximately $1;475,000, before interest and U. S. income
taxes. It appears that the company's earnings for several years will
not be subject to any such income taxes, because of certain permissible
deductions. In my opinion, the plan which has been approved by the
Court does not begin to reflect the value of the common stock."
Trustee's' plan.
'
earned <?
- premiums
Losses
Federal
Provision for Fed. taxes
and
1944
1945
1946
premium reserve.
Exnenses""""""
t$4,129
$3,715,755
140,063
Output--#
Commonwealth Edison group of companies,
of
unearned
in
Inc.
$37,141,306 $31,935,122 $29,489,712
4,758,610 ! 2,915,459
2,553,162
written
Premiums
Report—
ACCOUNT, YEARS ENDING DEC. 31
reserves
f$329;770
73,437
10,407
$1,823,031
70,032
4
Ciba Pharmaceutical
INCOME AND PROFIT
Special
11
•
Continental Insurance Co.—Annual
Total
—
18
;
165, p. 70.
85,695
Jan.
—V.
867,492 shares.—V.
•
42,709
Jan.
opposed the acceptance of the
i
31,687
...
plant &
Jan.
17,500 shares, who have
U
Net realization on aban¬
earnings have shown tremendous improvement in
actual loss in 1940 to an estimated 1946
company's
on
$0.78
share.
common
stocks and bonds (net)'i
int.; rents, royalties &
miscellaneous
t$218,427
$3,649,943
t$375,200
$1,792,900
recent years, going from an
"The
♦Based
$759,732
$3.55
profit
•Earned per
2,481,042
1,721,310
y
Prof, en sales of stks. & bds.
Other
5,127,189
1,950,037
$3,177,152
income taxes
INVESTMENTS—
1946—6 Mos.—1945
Commonwealth Edison Co.—Weekly
to require disapproval of the Trustee's
Commission also urged the elimination of, the .bank loan
$2,000,000, proposed by the Trustee's plan, as unnecessary. T
:
!'■
Net
$75,714,253 $49,748,128
.«
Underwriting profit
Corp^(& Subs.)—Earnings-
1946—3 Mos.—1945
Sales & oper. revs,
•Cost Of sales
'In our report, we pointed out that we do not attribute to our
conclusions on earnings and valuation the quality of mathematical
certitude. Wtole the Allocation-now proposed by the Trustee does
not fall within the range we suggested, we feel that it is not so
,
!
(net) $22,763,935 $15,702,295 $42,536,594 $28,286,871
18,554,454
13,974,201 34,317,723 24,567,261
1,263,872
1,052,369
2,304,152
1,654,352
Deplet., deprec., and relining and rebuilding
1,873,841
1,152,709
1,050,925
2,264,776
furnaces, etc
409,844
Amortiz. of emerg. facil.
plan, says the following;
„
■
.
Jan. 20 filed a letter of
period End. Dec. 31—
Thereafter, and in dealing with a specific plan, proposed by
k [stockholder but later withdrawn, under which 30.3% of the new
common stock would have gone to the present stockholders, the Com¬
mission concluded that such plan was fair, equitable and feasible,
and therefore recommended its approval, although pointing out that
>
Federal
,
notification with the SEC
cumulative preferred, stock (par; $100); to be
underwriting^ ^ Proceeds would be used for
working capital, acquisition of land, buildings, machinery, etc.
stock.
stock.
•
,
2,000 shares of 7%
offered at par, without
common
it accorded maximum
Net Jjefore Federal income taxes
'
The company
'i 77''The Securities and
stockholders,
Dec. 14, '46 Dec. 13, '4&
24 Weeks Ended—
i
j
for
the present common stock. All the rest
the holders of the present preferred stock. It is my strong
conviction that this division of the stock fails completely to give
adequate recognition to the rights of the holders of the present
common stock.
mon
.
Net sales
UNDERWRITING—
to
stated that an all
Consolidated Grocers Corp.—Earnings—
-
Merchantville, N. J.—Files with
Colonial Packing Co.,
tributed among the holders of
goes
total of 45,592,520
over the preceding i
Janas, President.. This
traffic for the oldest
December.—V. 164, p. 2829.
for
is defeated, I believe that a new
plan can be worked out which will give more favorable treatment to
the common stock.
\7<' V~ *
' '"The present plan provides in substance for a recapitalization of
the company with only common stock, of which 23.33% will be dis¬
Donzis
Shew.
Company on Jan. 22 announced that System output of electTicity
(electricity generated and purchased) for the week ended Jan. 19,
amounted to 216,700,000 kwh., compared with 200,800,000 kwh.
for
the correspondirig
week of 1946, an increase of 7.9%.
Local
distribution
of electricity
amounted to -205,000,000 kwh:, compared
with 193i200,000 kwh. for the corresponding week of last year, an
increase of 6.1%.—V. 165, p. 335.
_
.
registered in mail and express carried. Pound
miles of mail flown amounted to 175,796,595, a jump of 41%
over
the preceding year.
A total of 111,205,950 pound miles of express
flown, an increase of 63%.
There was a slight 5% decrease In the number of passenger miles
flown in December, compared with November, resulting from cancellation of'flights due
to weather. -Nearly 69,000' passenger miles -of
scheduled
flights were canceled during December.
However, mail
pound miles increased 17.8% and express pound miles carried increased
7.2%
for December,
compared with November.
Mail pound miles
totaled 13,931,509 and express pound miles amounted to 13,101,503
Donzis, San Antonio, Tex., a holder of 8,500 shares of common
stock of this company, in a letter dated Jan. 9, asks the common
stockholders to reject a plan of reorganization on %hich they are
Mr.
...
Increases were also
,
Simon
Seeing asked tq vote, *
•
Traffic in 1946—
year,
'i This company has asked
1^204.
Sept.
on
common
Consolidated Edison Co. of New York, Inc.—Output—
corporation carried 154,971 passengers a
revenue
miles during 1946, an increase of 66%
The
Quincy RR.—Seeks Bridge Stk.
the Interstate Commerce.Commission for.
authority to purchase 280 shares of the stock of the Missouri & Illinois
Bridge & Belt RR. Co. at $266.67 a share, which would give to the
c; B. & Q. seven-elevenths of the stock of that company.—-V. 165,
of.
1947,
.
will receive under this same plan^blds on 1,000
70-ton, all-steel hopper cars to be equipped with roller bearings and
to be used mainly for the road's on-line pperation&r-xVir 165, p. 335.
soon
merger
companies
Russell and W. D.
1946—12 Mos.—1945
$751,736 . $727,426
32,733,774 124,434,480
1946—Month—1945 *
$60,292
$60,392
passengers
164, p. 3411.
—V.
.
Ry.—Earnings—
Period End. Dec. 31—
Net income
Inc.
plan, which was approved by the stockholders of
27, five shares of convertible preferred and.
stock of the new company were issued in ex¬
change for each share of capital stock of Distribution Terminal Ware¬
house Co. and 1% shares of convertible preferred and 1% shares of
common stock were issued in exchange for each share of class A and
class B stocks of Southern New England Ice Co., Inc.
The-successor
corporation has entered the frozen food business
through the use of Distribution Terminal Warehouse's food warehouse
in Cleveland,
Ohio, in addition to continuing operations of the ice
company." '
The
board
of directors of
the new company consists of: J. C.
Bennett, W. C. Fisher, R. E. Parker, S. C. Parker, A. T. Rogers, H; W.
subject to authoriza¬
Interstate Commerce Commission.—V. 165, p. 204f>
Cincinnati Street
Co.,
Under the
railroad
will be secured
These'certificates
Ice
authorized
five shares
15,^1947 and are due annually
to 1957, inclusive. Unconditionally
value arid dividends by endorsement
.
/Awards Equipment Contract—
"This company and Its companion road, The Nickel Plate, on Jan. 21'awarded a contract for 1,600 50-ton lightweight, all-steel box cars,
to the Pullman Standard Car Manufacturing Co. in competitive bidding'
20, 1946.
corporation is
an
both
Feb.
dated
are
equipment to cost not less thn $2,140,000. »
';;
The issuance and sale of these certificates, are
Chesapeake & Ohio
T»/as;
certificates
The
Sales since the
.^The C. & O.
Bros. & Hutz-*
Inc., 939.70 for l%s; Harris, Hair & Co., (Inc.)
99.429 for l%s; Harriman Ripley & Co., Inc., 99.409 for l%s; Na¬
tional City Bank of New York, 99.78 for l%s; Central Trust Co. of
Cincinnati, 100.257 for 2s.
$170,000 on each Feb. 15, 1948
guaranteed as to payment of par
the
on
successor by consolidation of the Southern New
and Distribution Terminal Warehouse Co. and
capitalization of 450,000 shares of $1 par value
common stock and 200,000 shares of $10 par value 40-cent cumulative
convertible preferred stock/. '
-■
"""
;
has
interest
a net
initial dividend of 10 cents
stock and an initial quarterly dividend of
convertible preferred stock, to holders of
Jan. 2, last, paid an
on
common
share
Dec.
This
The issue was awarded Jan. 23 on a bid of 99.107,
of 1.66236%. Others submitting bids were Salomon
the
en
per
England
cost
been
corporation
share
cents
record
■"Indicates issues
ler and Stroud & Co.,
(Continued from page 527)
based
The
per
$38,792,030
common stock
'
v6 One
Connohio, Inc.—Pays Initial Dividends—Merger—
Offered
stock
mon
a
(Conn,) plant Will be outlined.
watt generator unit to
replace
by Shea & Co.
by VanAlstyne,
Investment News
cost
letter to stockholders gave notice that at the
held Feb. 5, plans for expansion of the Stamford
It Is proposed to erect a 40 000 kilo¬
older equipment.
The program will
cost about $6,000,000 and will take three years to complete.
The cost
will probably be financed by'an offering of new debentures.—V. 161.
p. 3288.
v
/ ;
in
company
annual meeting to be
10
Corporation
4i
Connecticut Power Co.—May Finance Expansion—
of com¬
Virginia Water Service Co. 46,400 shares
(no par).
Price, $17.25 per share.
800,400 West
this
The
'
Industries, Inc., 100,000 shares of common
$1).
Price, $6.50 per share.
Offered by
&
Co.; Shillinglaw Bolger & Co.; Herrick,
Co., Inc., and Frederick S. Robinson & Co.,
Inc.'
.
.
!
Lynch,
&
Style
650,000 Portia
I
Co., Inc.; Marx &
and Kuhn, Loeb & Co.
Samish; J. B. Hanauer &
Leonard
Weekly Output Higher—
territory served for the
1,125,000 Velvet Freeze, Inc., 150,000 shares of common stock (par
$1).
Price, $7.50 per share.' Offered by Scherck, Richter
Co.; Straus & Blosser; Fairman & Co.; Newhard, Cook
& Co.; Mark C. Steinberg & Co.; Blair F. Claybaugh &
Co.; Sellgman, Lubetkin & Co., Inc.;
DeYoung, Larson
& Tornga; Kiser, Cohn & Schumaker,
Inc.; I. M. ■.Simon
& Co.; Taussig, Day & Co., Inc.; White & Co.; Reinholdt
& Gardner; Stix & Co.; Amott, Baker & Co., Inc.; Charles
E.
Bailey & Co.; Fewel & Co.; Friedman, Brokaw &
Samish, E. W. Price & Co.; Irving J. Rice & Co., and
William F. Dowdall & Co.
"
Monday; January 27, 1947
^
'
■
weekly kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
week tended Jan. 18, 1947, amount to 297.345,031 as compared with 246,642,896 for the corresponding week to
1946, an increase of 50,702,135 or 20.56%.—V. 165, p. 335, *
Co.*
and
>
The
of
100,000 Tennessee Gas & Transmission
5,000 shares of com¬
mon
stock (par $5).
Price, $20 per share.
Offered by
Blyth & Co., Inc.
37,200 Meyer-BIanke Co.
';
'
•
.
Noel & Co.; Johnston, Lemon
»
-ft
fluu
s$
$$$#
■.':
•
*•
Ernest
G.
Jarvis,
President,
has
announced
has sold the assets of Seneca Knitting Mills for
that
this corporation
approximately $700,000,
which $435,000 represents cash and the balance the assumption of
all liabilities.
The sale was in line with a policy of confining opera¬
of
to the production of metal and related prod¬
explained.
t
,
tions
wherever possible
ucts,
Mr.
Jarvis
.
^
addition, the corporation has contracted to sell about $600,00®
of special inventories.
Income for the six months ended Nov. 30 wae
$079,117, Including profits from the sale of the Seneca Mills of $81,75®,
he reported.
''log
sported to be at a postwar peak of $5,100,00®.
~V. 164, p. 2284.
In
Corp.~Preferred Stock Placed
Hall & Co. (Inc.) oil Jan; 21 an¬
nounced the sale privately of 10.000 shares of 4%%
cumulative preferred stock (par $100).
In addition 2,500
Contract
Purchase
Privately—Harris,
shares
6%
were
taken
in exchange by the holders of the
cumulative convertible preferred" stock.
V, 164, p. 3288.
See also
-
l
a
i
„. ■.. I,...„ .f^ .„'..1... ,:.,r-,^:,. |,l l '■ ■ | l lt M|1, ,r y-T., „,v-ni im'"Mi„:ir, 1 m-inrimnn;iti-|TnHnf'f-,
^
.Volume 165
me
m
r'":
'
■
'
■
"
Number 4563
THE COMMERCIAL & FINANCIAL
CHRONICLE
.
'
'
~
537
'
'
1
f5ErMWn Capital Corp'» Wilmington, Del.—Registers with
'
GJU\*>
Ebasco Services
1
,
For
capital
for
company's subsidiaries engaged in
finance business.
,•
sonal
the small loan
or
r
'
hours);-
Crucible Steel Co. of America—New
Vice-Pres.-—
Exchange
has
been
awarded
—V.
165,
71.
p.
•
,
at
registration
statement
(No.
overhaul
Edison
nearly
1947
1946
Amount
Pet.
184,396
46,468
101,482
23,170
6,886
9,237
12.6
14.8
Fidelity-Phenix
Annual
INCOME
$3,500,000.
Inc.—Registration State¬
Brothers
Ihprease in
Stores, Inc.—Preferred Placed Pri¬
sold
of
4V4%
cumulative
stock.—V.
common
Premiums
sold
and
165,
preferred
stock
and
841,168
Approval
$25),
120-140
by
as
the
The
for
company on
1,900
without
shares
Printers, Inc., St. Paul, Minn.—Files
Jan.
($10
underwriting.
14
filed
par)
letter
a
to
common,
Offering
will
of notification
be
be
offered
limited
to
$50
SEC
shareholders
employees.
Aeronautics
Authority
the
of
shares
of
The
directors have
for
announced
that applications will be made to
and the Securities and
The
The
.
proposed
the
models
Prof,
be
paid
at
date
a
to
be
has outstanding $127,226,000 of
bonds.
The proposed dividend
company
!H5;°00'°°0 in l°n8-term
.
Lee
to
fiscal
common
Jan.
on
20,
regular
the
to holders
of
1947
record
Connohio, Inc. above.—V.
The
Real
an
extra
dividend
Jan.
10.
162,
p.
dividend
of
20
revenues
or
165,
p.
See Vo.
of
$794,243
204,884
$8,456,928
2,466,055
165, p.
to
the
revs.i___
$448,943
$383,331
$4,118,276
12,175
30,329
92,169
—
oper.
Balance
Other
i—i.
and
$353,002
1*-;-"i)r676.;
incomqV
Income
t
Br1,092
$4,026,107
Dr2,736
Fed.
income
Pfd.
The
is
cents
the
"82,321
995,321
395,980
1,001,956
$345,419
25,625
$319,794
p.
$235,204
s
■■
;
I. ■
-
:■
$2,254,338
8,632
K-I/'
;',tv
$226,573
$2,584,713
$2,150,760
103,579
Bonwit,Teller,
Atlantic
Plan Reported.;-
.
•
above.—V.
163,
p.
' 7
779.
\
bonds
would
be
,
.The. bonds- would
have,
a.
'
common
-stocks
plan.—V.
•
of
Mineral-Range
165; p. 206.
have'no
common
stocks
participations
and
the
under- the
•
•
II
$135,!carried at
in
*'•
3,000
*
to
21
and
does
premium
of
notification
with
the
SEC
•>.
a
for
of
balance
1972,
issue
new
2%%
at
with
the
in
of
$25,'-
"
T
of securities
a
of
group
39
and Otis &
underwriters; headed by Har(Inc.)—V. 165, p. 208.,
Co.
17 filed
letter of. notification
a
preferred
to
be
offered
at
par
with
the SEC
without
underr
Corpir-JVHnneapolis,. Minnv-rFarns.^
earnings: of the
$6,234,031
in
74 bank affiliates of this corporaClive; T. Jaffray, Chairman of the
1946,
of
the
corporation
of
the
and
active
other
affiliates
,
A1_
u
'
of
$38,528,716
on
'
Dec.
not
the
include
excess
market
of
value
of
bonds
over
amortized
'FedErai;and;-other"taxes-'.during.rth6vyear
amounted
C equal to* $9.35 Tier share. »f outstanding'capital stock". ',
over
for
the
1945, or
Jan. 20 filed
on
shares
of
common,
underwriting.
letter of notification with, the SEC
(par $1), to be offered at par
be used as working capital and
a
stock
Proceeds
will
-"V
/ *
''i.
;
Iiic
■' ^r
j
>**
•
■
~
*
■'
•
■
■
■*
■
■
'-■•f*.
•
gram-
addition,
Wrenshall will be responsible
Dr.
•'
The
for
in agricultural-economics a,nd. food: processing.—v. 165.
Fostoria Glass Co.
stockholders
P>
205.
(W. Va.)—Stock Split Voted—
70
,'-'v- ' ■■■
Jan;
-
•'
'
••
-
1
approved a proposal-to change the
3d;00O shares, par $100, to 300.000
shares, par $10, ten new shares to be issued in .exchange for each
$100 par share held.—V. 127, p. ,1955.,<.
.•«.
!'
authorized-oommoh
■
•
,
on
-stock
,
14
from
,
•
•**'
■
'
Yox Brothers
with sec—
-
.
;
Manufacturing Co^ SL Louis, Mo.—Files
"
^
The company, on Jan.. 13* filed 1 abetter of notification with ttin.SEC
for
of 4'/2% serial debentures, due serially 1948t1957.> to be
offered at par. Underwriter, Dempsey-Tegeler & Co., St. Louis. Pro*
ceeds wili be used to redeem 'mortgage .mdebtednesa,: prefewed; e^ock,
pay bank loan and to provide additional working capital.-,
.1. ;
.
;
4
$290,000
.
,
v
*•
coordinating the
technical control work of Foremost's 33 milk and ice cream producing
and distributing centers and planning a long-range development pro¬
.
.?
.
.
:
Froedtert Grain & Malting Co., Inc., Milwaukee, Wis.
—Proposed Consolidation-^y,c,kuftis'R:,Fi^dterti-Pre«iderit;ahd;''C^aiirma
.
incurred
-
50 000
In
.
$1,147,461
.VSw-
Dairies
31,
'par;
market values
Dec. 31, if lower, and all stocks at the market values of Dec.
31,
1946, with the exception of the stock, of its subsidiary, the American
Bonding Co; of Baltimore; which is. carried ,at substantially' less than
Its liquidating value. .<
" '
"
' 1
Cfish in batik's*.at. the. end of 1946 amounted-*
to."$4,725,078;-r
^-Vr
-,y
Dr.
C.
Lewis Wrenshall, head of
the Organic and;.Agricultural
Chemistry Division, of Southern Research Institute, Birmingham, Aia..
has been appointed' Director of ^Research Laboratories for • Foremost
Insurance
assets
:
produced
corporation's
and tlid
total
.
operating earnings of $5,869,442. This is equivalent to
.
on
showed
-
,
Foremost Dairies, Inc.—Names Research Head—
not affect net
earnings.
$720,000 in dividends and setting aside all neces¬
sheet
.
amend¬
an
SEC.
corporate purposes.
was
$1,060,019, of which $111,462 was profit
Adjustment of the book value of the
company's
stock investments of the company are carried on its
books at $29,050,623.
Of these investments, 81.02% are in bonds which
include United States Government issues in the amount of
$23,147,960;
AIL bonds - owned1 by the'Company, ara carried* at
Losses
net
net
value
without
However, based on the requirement of the National
Commissioners, governing annual reports, the
company's surplus. at - the-end of 11946;? as- reported to -the*- Insurance departments of the various states, would be
$15,660,509, compared
with $15,330,632 on the same basis' in
1945.
tU;
5%
shares
The company
share and compare with $1,288,-
of
.
1,
filed
Flamingo International Corp., New York—Files with
$1,312,434 according to the annual
stockholders by Frank A. Bach, President.
-1946.- Bond and
...
named
sec—
to
31, 1946.
Association
:
statement
Coupon Rate-r-
the
on
Copies of the annual report for 1946 will be mailed to the corpora¬
tion's
14,000 stockholders about Feb. 1, it was announced. Annual
meetings of the corporation's stockholders and directors will be held
in Minneapolis Feb. 11.—V. 164, p. 555.
voluntary
1947
The
Jan.
amounting„5ito
income
the market value
as of Dec.
\-
rate
coupon
capital stock computed on the basis
underlying book values of affiliates including reserves for contin¬
gencies was $67,332,596, and increase of $3,590,414 for the year. In
addition, the corporation had a proportionate interest, in certain other
reserves and other assets aggregating approximately $12,000,000
which
reserves, including - a- reserve of $275,000 toward
its employees' Retirement
Annuity Policy, the
J. company added $592;433 to
-surplus; increasing that item ,to $12,650,376
-
registration
totaled
The
the
After payment of
sary
the
debentures, due
required
of
bonds*;to par or market. whichever was
lower, andk of stocks to market
value as of Dec. 31, 1946, resulted in a
depreciation of $189,668, which
amount;;- was transferred from the company's reservefor
fluctuations
k
of
yf.-'Q:
;
be
$2,264,950.
$13,513,508.
Net investment
total
stock.
letter
a
$1,980,10L in 1945.
■
ceive $3,398,500 in bonds, $828,597 in cash
and all-the
r Holders
of Duluth's present preferred and
Jan.
from sale of securities.
.
i
would
with $1.98 per share in 1945 on the 2,83l,r
188
shares of stock outstanding.
The corporation received in 1946
dividends from its affiliates equivalent to 97 cents per share and paid
to
its
stockholders dividends of 80 cents per share
premiums written during 1946 amounted
.These writings, when adjusted to
give effect to the
premiums applicable to 1946 on fidelity bonds written
last year for the first time on a
three-year premium basis, represented
an increase'of 20.4%
over 1945.
^ ' :y
s
\ ;
.Gain, from underwriting in 1946 was
$1,438,716. This compare? with
.
•f $225,000 rin annual
requirement. for interest- -and
sinking fund
payments::;5
A -.■;, i ;v&.^
^l^blip;holderf of;I>uluth $% bonds'will, receive
$1,599,50(r in bonds"'
•nd $401,309 in cash. The Canadian
Pacific, as holder of the remain¬
ing, obligationsof Duluth and its
subsidiary; Mineral Range Ry.,will re¬
mailed
portion of
>
S i
filed
These earnings were equal to $10.93
436, or $10.73 a share in 1945.
Net bonding and insurance
to
the
combined
Fidelity & Deposit Co. of Maryland—1946 Report—
v
Ry.—Reorganization
,
assets
$2.07 per share compared
Shops, Inc., Davenport, la.—Files with
Jan. .15
on
Net income for 1946 amounted
report
to
operations
'
shares of stock to be sold at market. Cohu & Torrey, New
York will act as underwriters.
The shares are being sold by five
stockholders who will receive the
proceeds.—V. 165, p. 207.
.
,
admitted
;
_
to .$L122j294v
;
-
:
JJoarxL iatid'
A$g»8t<ui..K^Kienti'edy;'';Fresident,.;'reporte4:-c^s;Jan;;.2^4;.^-..The "corporation's portion of this amount together with results of
for 3,500
-' - -j'
•;* 1
'
;The Tnterstate Commerce Commisslon has
disolosed the plan of reorganization for company recommended
by its examiner, Harvey Wil•klnson, •
•
'
:,
V ■
.
,
'.
The new capitalization under the
proposed plan would be
$15,500;,000, compared with the present caiptalization of
$46,650,775, exclusive
of.pearly $30,000,000 iii interest claims.
'
."V
'
-p ^tinder .theplan, .$10;500,009 of/common stock andi
$5,000,000' of; 4% ~
first mortgage,
issued,
-
total
cost.
The company
r
ivw.;
the
Rubber Co.—Fixes
has fixed
company
Combined
Inc.,
Federal Bake
»
.
used
First Bank St^ck
~
SEC—
the
&
been
writing.- Proceeds will be used for additional working capital.
The company on Jan. 13 filed a letter of notification with the
SEC
number of shares of ($1 par) common stock as will
approximate
but not
exceed $100,OCO.
The offering is on behalf of Martin L.
Strauss, II, President of the company. The price will be based on the
market price. Proceeds go to the
selling stockholder. The issue is not
underwritten.—V. 165, p. 207.
Co.—Consolidation
■>
$0
approved by National Association of Insurance
Dec, 31, 1946'market quotations of bonds "
actual
The company on Jan.
for
$2,752,787
168,073
such
982.
v •:
Shore
had
82,063,910
! .129,875,604 g.132,662,086
First Acceptance Corp., Minneapolis, Minn.—Files with
SEC—
Eversharp, Inc., Chicago—Files with SEC—
71.
'Every State in the-Union is represented
among Du Pont sharehold¬
company said.
Approximately 37,000 are women.—V. 164,
South
basis
on
The. amendment
Equitable Life Assurance Society of the United States
—Buys Building—'•
-4-.; "
,
:
lS.OOOiOOO
'
75,336,265
rlman Ripley &-Co., Inc.
tion
The company was owned by 87,619 holders of common and
preferred
as of Dec.
31, 1946, the company announced on Jan. 19.
Including 73,523 holders of common stock and
18,271 holders of pre¬
ferred, j the total eliminates duplications of stockholders
holding both
classes; of security;. The " fourth-quarter figures xoraparewith
87,632
-for the third quarter of
1946, and 87,936 for. the fourth quarter of
-.
1,800,000
'68,OCO
'
V'21,777
surplus
71.
165,
$4,023,370
275,263
63,000
requirements.
Balance
34,385
tax
income
div.
—V.
stock
Duluth
claims
L
000,000 25-year
$3,674,051
$351,911
7,222
_
taxes_^_.
profits
Net
/
ers, the
p. 2407.
other
9,669,934
1,314,700
1,800,000
233,185 and policyholders' surplus $93,693,847.
Securities
$1,615,491 in this statement
are
deposited
for
purposes
by law.—V. 163, p. 901.
y
^ ^
$3,752,421,
Br78,370
$435,641
deductions
Excess
.
•
22,813,5^2
;
15,000,000
stocks
ment
$436,317
income
Gross
styrene
j,
all
■"Valuations
285,227
Net
<E. I;) du Pont de Nemours & Co., Inc.—Now
Has 87,619 Stockholders—
*
•,
/.
■.
26,774,810
11,471,028
1,425,500
premiums
Commissioners.—If
$4,037,G49
Expior. & develop, costs
-
1945.
132,662,086
339,929
plant, Dow also acquires a portion of
including the lime, chlorine and power
producing units are not acquired and are
be held in standby condition by the
government.
Dow's bid on the
property, most of which was built in 1942, was
$35,155,000.—V. 164,
p. 2956.1'
369,087
129,875,604
Total
$8,149,284
1,915,089
339,285
received
addition
167,563
5,202,994
193,165
Capital
1946—12 Mos.—1945
$723,651
175,860
2,265,074
;■
5,549,917
Net surplus
26,372
Dec.
on
!_,*
other assets
Reserve for
336.
25,189
income
20
days overdue)
Losses in process of adjustment
Reserve for taxes and
expenses
Reserve for dividends
company
been
(not 90
153,836
LIABILITIES—
1945
(Del.) (& Subs.)—Earnings—
1946—Month—1945
—
>■*,.,
140,807
4,648,116
201,585
deposit and ih office
on
-$■;:.
.
124,503,231
accrued
All
exceed the $10,000,000 volume
1946.—V.
1945
■
*119,136,013
estate
Agents balances
440,358
practically
cents
SHEET, DEC. 31
stocks
Cash
$30,300,000 $16,400,000
quarter of
525,783
3,299,992
1946
and
Unearned
1947 would equal
fourth
v'
\
$78,693,847 $84,171,500 $75,381,283
Interest
1,415,660
.to
...capital
the
<<'•-•
794,385
3,299,993
3,299,994
surplus, Dec. 31
Bonds
later
on
540,953
the Velasco magnesium plant,
facilities.
The actual metal
;
standard
992,360
has purchased from the War Assets
Administration
styrene plant at Velasco,
Texas, and final approval
from the Department of Justice.
facilities, added to Dow's styrene plant at
Midland, Mich.,
•re
said to give the company
a
styrene capacity in excess of 200
million pounds annually.
Company officials explained, however, that
acquisition of the Texas property does not
foreshadow an immediate
Increase in the volume of
polystyrene which has been in short
supply
since the plastic was released from war
materials lists.
.
become
37,873
government
has just
These
In
personal
100,214
Dow Chemical
Co.—Acquires Gov't Plant—
the
in
See
paid
quarterly
557,251
declared
BALANCE
Thomas, President, on Jan. 21 announced that sales volume
consistently throughout 1946 and predicted that sales for
quarter of
[<
$82,551,093 $99,515,878 $79,207,059
11,250,000
ASSETS-
recently
plane, in¬
37,482
orders
new
1
—i-
Net
series
78,195
-
Distribution Terminal Warehouse
See
three-place
will
dividends
64,418,309
Dr47,000
Cr299,35o
m
$
2000
Deprec., amort. & depict.
Taxes, other than Fed.
Division
with
being received
stock
Model
Maintenance-
45%
ended
year
Fabricating
day.
which
the
total
year
an, increasing degree of diversification
automotive and other' industries
company
addition to
In
Cash
-
$4,277,767
Cr792,972
Cr625,6l7
hours.
1946
Operation
and
Co.—Outpu| Doubled—Earns.
contributing
the
features
Period End. Nov. 30—
unaudited figures, subject to later
readjustment,
$2.02 per share on the
outstanding common stock
for dividends on preferred stock..
- '
company's
$4,786,496
75,381,283
Br6)317,250Crl7)929,510CrlO,154,632
—
Transfer of surplus to capital
income tax____
2,000 series recently
to the
Cessna
120,
both
matter of
a
El Paso Natural Gas Co.
avalable in April.
Mr. Fry said that the com¬
pany declared dividends totaling $1.15
per share during 1946.
The company also announced
that a further appreciable
gain in
production is expected in the 1947
calendar year with no
slackening
In demand indicated
at this time.
Sales continue on an allotment
basis and the
company is resisting any price
increases as long as
the margin of profit will
permit.
The Metal
from
Model
sales
net
attained
1946' wa$ approximately double
31, 1946 will become
every
The
in
gear
1650's, as well as
Piper Super-cruiser
the first
having been changed from a
July 31
calendar year basis, the
adjourned annual meeting will be held
29, 1947.
The audited annual
report for the
a
April
the
as
adaptable
are
(net)
Federal
or
After ailowlng
The
B,
increased
preliminary
$1,968,323
'
com¬
will
$4,048,740
84,171,500
Br75,028
Dr81,766
on
Total
dry-land takegive the model
in
Consolidated
that of 1945, accordIng to John A. Fry,
President, in a letter to stockholders
accompanying
quarterly and extra dividend checks.
Net income for 1946,
according
to the
was
to
Edo
Operating
stock
129,985
$4,130,720
$4,853,637
-
surplus
Firestone Tire &
Detroit-Michigan Store
Pfoauctiott' in
Jet-assisted
expected
net
reserves
bonds
Ekco Products Co.—Sales Almost Doubled—
other
r
$4,178,726
139,073
Total
announced
636,130 shares. When the transaction has
been completed, the
pany's outstanding securities will be
55%
common
stock and
mortgage bonds.—V. 165, p. 71.
^
for
are
Years Ended Dec. 31—
will
without
the
Model
$4,269,793
$4,376,236
sales of stks. & bonds (net)
Increase in market value of stks. &
other displacement weights.
A prominent development is
hydrodynamic booster, a small external scallop added just
forward of the step giving the effect
formerly achieved by a doublefluted hull.—V. 165, p. 71.
the
Brown,
dividend
financing.
present
Edo
wheel
for the
corporate other new
later after approval
by the above two Commissions
having jurisdiction.
Mr. Brown said that since
practically all of the company's earned
surplus has been permanently invested in
the business, the issuance
of this stock dividend will
have the effect of
capitalizing to that
extent the stockholders'
equity in the reinvested undistributed earned
surplus. The annual dividend at the
present rate on the proposed new
stock will be
substantially equal to the amount, of the annual interest
charges on the $19,000,000 of bonds
recently retired
At
well
as
types,
$229,027
146,734
income
Total income
Special
Cessna
new
•
1650's,
designed
granting permission to pay a 10 % stock divi¬
dend and have stated that
they are studying a program for additional
financing which will be required to take care of the
company's (con¬
struction budget in the next few
years.
The exact form of the financ¬
ing has not yet been determined
according to Prentiss M.
Chairman of the board.
Model
the conventional
Exchange
orders
JATO
version
utility.
previous
investment
Previous
side-by-side utility version, and the 140, deluxe model fea¬
turing additional luxury items such as flaps, electric starter and
navigation lights.
In both models the floats can be substituted for
Detroit Edison Co.—Plans 10% Stock
Distribution and
New Financing.
Michigan Public Service Commission
of
use
seaplane
standard
Proceeds will be used for replacement of
present machinery,
purchase of additional
machinery and lor expansion of plants.
Commission
Cessna
Edo
than
cost
and
featuring the
greater
The
share
a
the
of
even
with the
at
on
offs
$655,776
——
Net
a
carried
$477,400
$4,522,970
INVESTMENT
.
DeLuxe Check
with SEC— r
$26,187,742 $22,910,959 $20,761,930
15,013,347
13,411,300
12,140,064
10,696,995
8,843,883
8,392,889
-
Underwriting profit
seaplane with Edo Model 1650 floats was announced
on Jan.
18 by John C. Goodell, Sales
Manager.
The development combines one of the most
popular postwar per¬
sonal planes with an advanced float
design.
Experiments now being
14.
earned
206.
p.
Civil
1944
1945
$30,149,010 $25,448,911 $23,087,763
3,961,268
: 2,537,952
2,325,784
res.
Interest, dividends and rents
Expenses
Edo Aircraft Corp.—Seaplane Approved
by CAA—
26
withdrawn Jan.
1946
unearned premium
Losses
Expenses
(par
of New York-
Co.,
ACCOUNT, YEARS ENDING DEC. 31
UNDERWRITING—
>
was
Insurance
Premiums written
announcing the sale, Harry Edison, President, stated the pro¬
ceeds from the financing will be used for
general corporate purposes.
Outstanding capitalization of the company now consists of 65,000
shares
(par $2)
Fire
Report—
9.1
In
680.
p.
(in thousands of kilowatt-
vately—The company, it was announced Jan. 24 has
15,000 shares of 4y4% cumulative preferred stock
$100) to institutional purchasers.
The stock was
through Lehman Brothers, G. H. Walker & Co.,
Bacon Whipple & Co.
74
6634)
covering 62,000 shares 5%
and 71,950 shares of
common stock
164,
of
filed with the SEC July
cumulative preferred stock (par
and
—V.
cost
a
phase Of the company's operations,: Mr.-Bach stated that_
to losses is
definitely upward, especially in the burglary
He pointed out that the losses incurred by the com¬
pany during the last quarter of 1946 almost
equaled those incurred
during the entire first half of the year. Claims under Fidelity bonds
during 1947, he predicted, will show a substantial increase ooth in
number and amount as
embezzlements now going on are brought to
lighW-V. 164, p. 3290; V. 163, p. 191.
''I
'
lines.
.
•
Danly Machine Specialties,
ment Withdrawn—
The
Navy contract to
a
as fellows
as
Insurance
The above figures do not include the
System inputs of .any com¬
panies no.t appearing-in. both periods.—V. 165, p. 336.
of Certificate—-
Curtiss* Wright Corp,—Awarded
Navy Contract—
corporation
upon this
the trend
:
—
on
twin-engine Douglas transport planes
m
1947,
American Power & Light
Co.—207,566
Electric Power 8c Light Corp..
53,354
Former National Power & Light Co.
110,719
.
&
Jan. 21 directs that deliveries
comm?n stock, up to and including Feb, 6, 1947, may be made
either
with
temporary certificates or with permanent certificates;
that beginning Feb.
7, 1947, only permanent certificates shall be a
delivery.—V. 165, p. 205.
:
The
16,
f
.Operating Subsidiaries of—
8" Poister, formerly associated
with the'Youngstown Sheet
Tube Co., has been
appointed a Vice-President.—V.
165, p. 70.
Stock
Jan.
$ponding week during^ 1946, were
.
Cunningham Drug Stores, Inc.—Form
week* ended
.
%
per-
t
The New York
the
the System inputs of client
operating companies of Ebasco .Services Inc., which are subsidiaries
of, American Power & Light Co., Electric. Power & Light Corp." and
of former National Power &
Light Co., as" compared with the corre-
.
•
*
Inc.—Weekly Input—
1
'
.
The company on Jan. 22
filed a registration statement with the SEC
for 250,000 shares
($t par) class A common. :Hodsori &
Co. Inc.,
New York, will act as
selling agent. " Net proceeds will be used as
company; and H, Russell Burbank,
; Jan, .22 announced Jn. g letter to
President
•
-
of
Rockwood
&
Co.,
on
stockhqlders_that; merger discussions, s
year amounted to
$4,057,608,. an increase
between'principal stockholders • of the two -companies have resulted in ;
33.6% of eaxned premiums. In-commenting :?thei)c!eiiteting.intOi
an-agreement! iwhlch,* if ;consummated, ■ wquld result ^;
4W:''
*****
,.
V
.
'';v
.
■
^
j.
FINANCIAL CHRONICLE
THE COMMERCIAL &
merger
Net sales (afte* renego.)
Discounts
earned,
-interest
Salaries,
the
present
retired.
The
ration
r
1
resultant merged company would
of
$5,500,000 principal amount
12,552,000
21,482,000
115,000
11,896,000
23,064,000
20,000
1,611,000
506,000
1,253,000
373,000
1,410,000
351,000
1,468,000
352,000
643,000
2,998,000
1,852,000
^
taxes
stockholders would receive one share-of
the new company's common stock for each share, and present Rockwood common stockholders would receive % of a share of common
stock and 1/5 of a share of the new 4.4% cumulative prior preference
ctock.
;i
• j ,
^
"" r
;' .'. 4
-f
For a limited period of time, the prior preference stock to which
the Rockwood common stockholders would be entitled would be con¬
vertible into new common stock, on the basis of 1/5 of a share of
preferred stock for % of a share of common. If this conversion
feature is exercised, each Rockwood common share would receive a
total of V/4 shares of common stock of the new company.
Present Proedtert
•
i
642,000
4,232,000
454,000
300,000
106,000
790,000
—
-
2,562,000
——
-
'
329,000 :
.
Federal
for
653,000
CM,257,000
..
,,
of limmed ekcess
•Due to carryback
loss.
TNet
'.
•
" $1,302,000
profits crbdit and Operating: loss.
$614,000 ' $1,160,000
t$l,845,000
-
of profit
and loss have been restated
the appropriate years ,of
oh income and the reversal
depreciation,
no'rmal
Mr.
four years.
CONDENSED BALANCE
U.
bonds and notes
receivable—less, reserves
S. Treasury
Accounts
panies after the merger would be operated as divisions, and that no
major changes in management policies or personnel are .contemplated.
Negotiations leading to the agreement between the principal stock¬
holders of the two companies were conducted by Schroder Rockefeller
Ac Co;, Inc.; New
Rockefeller, is a
Other assets
Notes
Accounts payable
share.
20,000 shares of $100 par value common stock
140,000 shares of $5 par value common stock,
3 Vi %
bonds due. in 1966,
$207,000 due in 1951.—V. 164, p.
NOTE—For
possible
to
mechanical
arrange
reasons
in
companies
However, they
position as possible.
order.
always
are
liabilities
near
liabilities—
Capital surplus
Earned surplus
alphabetical
Inc^ and of Invest¬
announced Jan. 20. He will be Chief
Management Co., Iae'., a research
it was
Investors
Management Co., Inc.,
Executive
Research
of
in charge .of portfolio administration of the
two investment companies, which have more than $30,000,000 in assets.
Mr. Brown was with Lehman Corp. from 1929 until 1946 serving as
Vice-President in charge
of research in later years.
Last year he
became Director of
Research of Clark, Dodge & Co.—V. 164, p. 2408.
of
$300,000
for
capital.
working
'
life
J
Gar
-
Wood
Industries, Inc.
—
Annual Report—C. W.
For the
fiscal year ended Oct.
31, 1946, the company's consolidated
net sales,
including the sales of The Buckeye Traction Ditcher Co.
a subsidiary acquired in October 1945, were larger than in any previous
LIABILITIES—Accounts payable (including notes payable of $102,$6,095,986;
accrued taxes, royalties, interest, and insurance,
$510,228; Federal, state, and dominion taxes on income (est.), $4,658,124; serial notes payable (maturing $1,000,000 annually July 1, 1948
to 1951, inclusive, and $4,000,000 on July 1, 1952, interest l»/2% to 2%1.
$8,000,000; reserve for contingencies, $1,340,000; convertible
4M- cumulative (par value $50), $9,977,000; common stock, without
300),
additional
preferred
peacetime
However, Gar Wood Industries was not able to take
lull advantage or the accumulated widespread demand for its products
.
material
of
because
i'
year.
had no strikes but it granted over-all wage Increases
to its employees,
the effect of which, of course, is reflected in its
earnings for the year, which were required to absorb increased labor
material and factory overhead costs.
'
•
company
-'Consolidated
net
under
$19,855,609
...
sales for 1946 were $22,252,017, a decrease of
the previous fiscal year
(a war year).
Consoli¬
dated net loss for the 1946 fiscal year was $1,845,161, after a carrvercredi' of $4.257,000, compared with a restated net profit
of
$613,556
the preceding
for
year.
A
plant at Wayne, Mich., comprising 236,500 square feet of factory
j»pace and 35,000 square feet of office space on a plot of approximately
formerly
•
the
at
carried on
new
plant
efficiency
'
attendant
acquisition.
this
t>y
The
of
payable over a period of
;
former
The
with
an
.
the
a
purchase
balance
is
10 years.
boat
Newport
News,
Va.,
was
leased
to
machinery- and properlv
the increasing demand for
to purchase
(prin¬
cipally
substantial quantity
cf machine tools and factory equipment.
Net machinery and equipacquisitions during the year aggregated approximately $1,000,000.
.This new equipment should lower production costs.
the
equip
replace
newly
and
worn
acquired
plants
previous
year,
of
was
new
the company's two operating subsidiaries, St. Ptftn
-Hydraulic Hoist and The Buckeye Traction Ditcher Co., were liquidated
and
their business merged into
the parent • company, reducing from
three
to
one
the number of corporations
involved in its structure
During October, 1946,
which
provided
3'/2%
sinking
the company completed a financing program
A $5,000,000
to a leading
insurance company and a $6,000,000 revolving bank credit was estab¬
lished. the maximum amount of which decreases $1,000,000 per year
both
fund
a
long
and
debenture
medium
due
in
term
1961
credit.
was
sold
after Oct.
-
the
in
wagons
Pontiac
The
rection
in
of
been
line. No other models except
out of
more nearly in line
sufficient spread between
price
the
bring
much
very
and convertibles will be changed as to
Division will make a similar correction
31, 1948 until Oct. 31, 1950, and which expires Oct. 31, 1951,
Working capital, after giving effect to
the financing referred to
the previous paragraph,
declined slightly during the past fiscal
from
year
penditures
$10,537,846 in 1945, to $10,446,879 in 1946
of approximately $1,500,000 for acquisition
after net ex¬
and improve¬
ments.
a
.
Current
demand for; the
company's products continues.
The back¬
orders is at a record peacetime peak.
The costly and
time-consuming job oi factory consolidation, equipment rearrangement
log
etnd
on their
the Pontiac Division.
convertibles
The
Cadillac,
over
2%
on
and
•
for Pontiac, Olds, Bulck and
moved upward, represent slightly
volume.—V. 105, p. 337.
Graham-Paige Motors
Over
•
revealed
that
this
Starting
more
hatch
250
covers.
Mr. Robbins
war
of
unfilled
facility expansion has been completed.
versatile
the
with
active
dealer
equip¬
,
....
Rototiller power tiller,
production o£
Division of Graham-Paige
through 3,400 farm
began last April, the Farm Sales
introduced a line of Frazer farm equipment
has
•
Orders
Division, in in months of
totaling $46,322,556 through a
the third largest in the xarm
which
distributors
Since
and
dealers.
the Rototiller
was
.
_
,
production at Willow Run 18,000
placed in
of $8,091,000..
$40,058,091
15
been marketed for a dollar volume
On Jan. 10, Rototiller orders totaled 89,117, representing
worth of business.Output of Rototillers at Willow Run on Jan.
was
195 units.
This will be increased, the statement said, to 230
first
had
camouflage nets to
f j ' \ "Y
* , '
units
day by the
>
said that millions of
have
end of January.
placed for the • snowplow
the Rototiller exceed $500,000.
Additional Rototiller attachments
-:
items—ranging from
' 'J"
American soldiers in Europe were
given protection from mine fields by more than three-quarters of a
million "Mines-Danger" signs made by the company.,;?
Some of the other items, and where they were made, were listed
by Mr. Robbins as follows: work benches for destroyer escorts apd
benches and cabinets for, Elbertjr .ships; more than 300,000 metal
shipping cases for 75 and 81 mm. shells, made at the "company s
Jacksonville plaht; engine mountings and frame parts for the. Corsair
Navy plane, in the Philadelphia plant; ammunition and motor parts
to handle incendiary bombs, in
the Atlanta, Ga. plant; stadia ro^s
which were used for gunsights, in the New York plant; hatch covers
for cargo boats, at the Jacksonville plant, and gasoline tanks for
sub-chasers, at the Richmond plant.
* *
.
i /
' . •
-' • '
<
Mr. Robbins added that there were many other items which th)s
company manufactured for the War Department which are still on the
secret list.—V. 164, p. 3143*0 - ' .
•
.
•. ■r
>.
than
made
Corp.—Farm Equipment
Sales
Farm
corporation's
The
Co.—Tells Part in War
Vice-President, on Jan. 20 for the
company,
owners of outdoor displays,
'
$46,000,000—
operations, has received orders
organization which has become
ment business, it is announced.
'
based on the 1946
Robbins, Executive
Co., it was
Richardson, President.
plants where the record total of GR-S was pro¬
duced are at Borger and Port Neches, Tex., and Louisville, Ky,
Tho
latter has been purchased by B. F. Goodrich Chemical Co. for manu¬
facture of its own chemically synthetized products.
V. 165, p. 209.
sta¬
station wagons
which prices have been
General Outdoor Advertising
time
equal tc»
in this country
company—has been
American-made rubber—about
government
The
,
of the total output,
L.
of
22 by, W. S.
announced on Jan.
.
such
Burr
tons
long
year's normal prewar consumption of crude rubber
the greatest quantity ever turned out by one
manufactured since 1942 by B
F. Goodrich Chemical
and
to
with cost. Heretofore there has
the six and eight-cylinder lines
Orders
.
to be marketed
a
'•
attachments of
blade and planter
......
*
,
.
this spring include
rake, furrower, lawn roller, atr
compressor, water pump and belt pulley.
.
^ :
Orders received by the Farm Equipment Division of Graham-Paige
;for other Frazer farm implements total $5,772,283.
^
Implements
now
being marketed, include discs, spike-tooth and
spring-tooth harrows, wagons, field cultivators, ^stalk cutters, sudsurface tillers, grain blowers, two types of tractor-mounted manure
'loaders; cotton choppers, vegetable thinners,-and sugar-cane weeders.
Other implements which Graham-Paige expects to add to the Frazer
'line of farm
equipment during 1947 include a field-size Rototiller,
a
sickle
bar,
power
take-off,, trailer,
•
•
manure
•
p.
elevator, hay baler,
spreader,
comblne and , pjows.—V.165,
209.
;
Gulf States
•
Quarter. Ended Dec. 31—
*
T '
profit after charges and taxes_u_*.-~->^--Earned per share on class A and com. stocks—
—V. 165, p. 73.
1946
.
1945
$88,976
$0.85 '• v.;$0.80
$177,851
.
!
SEC
shares (no par) common stock
The shares will: be
subscription to common stockholders of Engineers
Service Co
parent. The subscrintlon basis will be one share of Gulf
-States stock for each share of Engineers common held. Price, $11.50
a
share. Purpose of offering is to carry out a provision of dissolutioa
plait of Engineers approved by the Commission.—V. 164, p,
*
for
Net
Utilities Co.—Registers with SEC—
Jan. 20 filed a registration.statement with the
The company on
General Phoenix Corp.—Earnings—
•
,
price.
and convertible. In addition, they will make a further cor¬
approximately $18.00 on their, eight-cylinder models
tion wagon
half-million
A
to
Co.—Plants Pass 500,000 Tons
a
a
been
past
statioh
in
164, p. 683.
(B. F.) Goodrich
GR-S Production—
Price In¬
Executive Vice-President, on
Detroit paper that this, corporation was raising all
automobile prices for 1947 is erroneous. There will be no increases on
any of the volume models by any division of General Motors. Chevro¬
let, which represents approximately 50% of the total passenger car
output of General Motors, will make no change in price on any model.
Cadillac, Buick and Olds will make no changes on any volume model.
They are adjusting the prices of convertibles and station wagons to
bring the selling price more nearly in line with cost. These are de¬
luxe models, sold in exceedingly low volume, and the price level has
meet
plant at Mattoon, 111., commenced in the
completed and operations commenced therein dur¬
a
October 1946,
In
in
V.
obsolete
to
ing the year Just ended.
.
vacancy
337.
Corp.—Denies Report on
Coyle,
Package
Director
to
Betzold,
B.
Nestor
said:
The report
products, arrangements were made
from the War Assets Administration) a
Construction
I
E.
p.
Foods Divi¬
recently been elected a Director, has been appointed
succeed R. W. Levenhagen, who died on Jan. 17.
General Sales and Advertising Manager of tho
Food Products Division, has been named a Director to fill the
caused by the death of Mr. Levenhagen.
Paul E. Sprague, .a
has been appointed a member ol the Executive Committee.—
Vice-President
Wood
Gar
f
Jan. 21,
,
of
M.
—
165,
.
-
General Manager of Durkee Famous
Pulliam,
Y.
who had
sion,
Trench, Secretary,
is 6,586 greater
stock.—V,
Motors
General
creases
not
at
plant
transportation
order
In
eliminated
a
Wayne
to purchase.
This plant is now being used for the
boats, light duty truck bodies and container tanks
of liquids. -
option
construction
for
Dodge
The
four Detroit factories 'have been
and it is expected that the loss 4n
in
scattered operation will be
plant was acquired at
which $231,400 was paid and the
upon
of $1,157,000,
price
from the War Assets Administration.
was ac:lu^red
..a?.r.es'
activities
consolidated
Increased—
stockholders, William E.
has 248,424
The new high
outstanding
the
^prevented the balancing of inventories of raw materials and supplies.
The
Changes in Personnel—
than the number of stock¬
holders of record a year ago.
The largest stockholder is the O.E.
Employes Securities Corp., representing the investments of G.E. em¬
ployes and pensioners, which holds over 500,000 shares, about 2% of
were aggravated by
strikes
related industries.
Such shortages
in
•
--
Number of Stockholders
which
shortages
work stoppages and shut-downs
::j
(outstanding, including treasury shares, 892,000 shares),
$4,460,000;
capital
surplus, $12,581,438; earned surplus (includes
$1,908,446 of surplus of Canadian subsidiary), $11,668,969; commbn
stock in treasury (4,300 shares at cost), Dr$178,609; total, $59,113,139.
value
par
1945
1946
'
•
Lovell
The company
-
$59,113,139.
with the SEC
offered at $5
12%—
Co.—Orders Received Up
received
announced.
$673,029; claims for refund of Federal taxes on incomo
$244,285; miscellaneous notes and accounts receivable
reserve of $11,393), $115,035; estimated Canadian
(less
advances
investments,
deprecia¬
- de¬
total,
1940.
to
j
:
..
bonds,
postwar refund of excess profits tax,
$56,000; other
$33,540; property, plant, and equipment (after reserves for
tion,
depiction, and amortization of $14,227*231),'■ $15,800,026;
ferred
charges
(prepaid insurance and expenses), $640,259;
"$941,381,000 $844,540,000
♦Charles E. Wilson, President, announced that the 1946 total was
more than double the amount of new business booked in any year prior
Perelle, President, in the company's 25th annual report,
on Jan. 15, said in part:
insurance,
prior years,
and
?
Calendar Years—
Orders
SHEET, OCT. 31. 1946
Dominion of Canada Victory Loan
accounts receivable (after reserves of
$247,483), $9,441,913; inventories (raw materials, in-process, and finished
goods), $25,503,273;. other current notes and accounts receivable and
advances (less reserve of $23,229), $367,709; cash surrender value of
organization^ and directly
General Electric
742,899
stock
CONSOLIDATED BALANCE
Mo.—Files with
letter of-notification
income, notes, to be
2,117,288
448,987
2,347,644
448,986
1,043,777
1,781,920
ASSETS—Cash, $6,038,069;
$200,000; trade notes and
1,000,000
1396,448
4,785,451
Proceeds will be used for
without underwriting.
unit
per
Jan. 20 filed- a
series C corporate
on
"1,050,000
10,253
3,484,109
854,881
925,404
$5.90
$2.13
$2.02
"Charge equal to reduction in taxes due to deduction for certain
claims provided for in prior years (credited to reserve for contingen¬
cies).
tAfter deducting $167,800 in 1944 post-war refund.
- ^
.
The company
director of
corporation,. of Investors Management Fund,
this
ors
a
140,000
150,000
5,715,015
448,986
—
stock-
stock
common
on
Earnings per share of common
151,151
3,500,000
$26,537,262 $26,711,788
Kansas City,
890,000
tl,255,000
3,302,000
Surplus
.
SEC—
Vice-President—
Vice-President and
been elected
Dividends
2544.
(Theodore) Gary & Co.,
Edmund Brown Jr. has
profit
Dividends on conv. preferred
of
Total
alphabetical
469,284
1,344,230
subs. co.
Net
994,928
3,151,250
1,027,900
2,747,717
4,163,98.4
-*
._
-V. 164, p.
Fundamental Investors, Inc.—New
Minority int. in profits of
1,718,836
Minority stockholder^ interest in sub. consol..
4Va% cumul. conv. preferred stock (par $50).
Common stock (par $1)_
:
-
268,786
285,004
Special charge
400,000
1,600,000
contingency reserve
Postwar and
excess
361,398
1,441,079
950,000
1,075,889
3,452,500
1,080,000
183,000
and depletion.
income tax
profits tax__
Dominion' and State taxes___
normal
Federal
7,544,842
297,677
210,178
Sundry deductions
$7,500,000
2,464,988
699,986
5,il2~176
11,919,333
202,750
7,183,444
8,773,404
586,163
income
Federal
8,454,553
318,851
11,333,170
—
Provision for deprec.
31,669
79,721
53,054
liabilities
Long-term
for
income
instalments of long-term
Current
it is not always
exact
as
note
j
Provision for Federal taxes on
last July, consists of
$1,772,000 first mort¬
promissory
2V2%
and a
2286.
gage
5,370,342
$6,000,000
2,853,017
776,419
704,800
payable to banks
Accrued
after a seven-for-one split-up of
of the company,
Capitalization
t
a
<
111,105,949 103,161,885 104,714,371
Interest
.
LIABILITIES—
stock
is for the account of stockholders. The
priced at $10
was
\
.
.
122,439,119 111,616,438 111,897,815
etc.
*_
income
Total
$26,537,262 $26,711,788
Total
of the company,
stock
44,133
—-
22 by
& Co.,
Other
243,529
71,279
'
3,687,841
288,618
—
group of underwriters headed by Sills, Minton
Inc. The sale, representing 85.3% of the common
a
-
.
admin.
goods sold, selling,
general expenses
Profit before interest, deprec.,
4,257,000
Property, plant and equip., at cost less reserves
for depreciation and amortization-!
Special tools, dies, etc., in process of amortiz.—
Intangible assets
•_____
of
and
1945
$1,923,513 $3,393,856
——740,566
2,834,714
8,897,076
11,765,889
8,911,565
______
-654,685
deferred charges
Prepaid expenses and
Offered—A block of 119,-
($5 par) common stock was offered Jan.
431 shares
market
tax—
Federal taxes on income
Refund for prior years'
York bankers. Mord M. Bogie, President of Schroder
director of the Froedtert company.—V. 165, p. 73.
Frontier Power Co.—Stock
—
Inventories, priced at cost, not in exc. of
Postwar refund of Federal excess profits
sales
Cost
1946
banks and on hand—_
Cash in
and
Net
1
SHEET, OCT. 31
ASSETS—
<
•
■
,
.■
i...
*
which were returned to earned surplus during 1946.
These adjustments were recorded in earned surplus- accounts during
the
years
1943 to 1946, inclusive.
The aggregate effect of these
adjustments was not material in relation to the net profit for the
of Proedtert is now listed on the New York
application will be made to list the common
of the new company on the same exchange.
Froedtert and Mr. Burbank have announced that the two com¬
stock
(
„
STATEMENT, YEARS ENDED OCT. 31
1946
1945
1944
$
$
$
'
CONSOLIDATED INCOME
tingency reserves
stock
common
.
Subs;)—Annual. Report—
(&
Co.
Glidden
facilities over
postwar * con¬
and excess of amort, of emergency
together with the elimination of
of accelerated deprec.
•.
Exchange,
;
.
'
■;l
NOTE—The above statements
'to" "reflect the retroactive application tp
adjustments for renegotiation, Federal taxes
■
The
the question of a dividend on
was giving thought to
stock.—V. 165, p. 208.
board
the
.
common
)
Gerity-Michigan Die Casting COv—-Large Backldg—J /
The company in a letter .to stockholders dated Jan. 15 stated lnj>art;
Contracts on hand as of Dec. 31, 1946 will require peak production
well Into 1948.
, •
v ;1 *
Earnings for the first six months, ending Deo. 31,: 1946, the firsb
half of the fiscal year, will show that operations are. proceeding satis¬
factorily.—V. 164, p. 3413.
*
3,596,000
-
fltock
the
*
present
"
.
234,000
prior years'
income
Net
•
•
Corp.—Reduces Debentures
'The stockholders were told at the annual meeting on JanV)2$ that
since the date of the company's report for • the .fiscal year ended
Sept. 30, 1946,. outstanding debentures had been reduced by approxi*
mateiy $250,000 from the $8,908,500 shown at that time. <
*' »
In reply to
a
stockholder, Edmund F. Wagner, President, stated
General Realty & Utilities
.
income——.
of
1<
j,
365,000
:
that
—
Fed. taxes on income-
approximate $2,500,000 par value 5% preferred stock
cf Rockwood would receive the same par value 5% cumulative pre¬
ferred stock of the new company. For a limited time this 5% preferred
•J stock would be convertible into an equal par amount of the new
company's 4.4% cumulative prior preference stock.
<'The
Proedtert company now has outstanding 853,574 shares ,of
common, and Rockwood 168,507 shares.
The
etc
on
"Refund
common
629,000
disc'ts
expense,
allowed,
Provision
202,000
3,109,000
expenses—
oper.
Interest
outstanding after the merger.
be
would
:v>"
Other
3Va%
20-year
11,488,000
25,421,000
11,239,000
11,012,000
Taxes, .other than Fed.
taxes on income-——
have an
Corp.—Weekly Output—* >
General Public Utilities
Th(§ electric output of this corporation for the week ended Jan., 17,
amounted to 138,790,950 kwh., an increase of 17,939,571 kwh.,
or
14.9% over the corresponding week of last year.—V. 165, p. 337.
1'V
»"
"'
i * ■ f-v
'
•'
" s
A.- j
$46,751,000
.
...
authorized capitalisinking fund
debentures, $4,500,006 par value- of combined 4.4% cumulative prior
preference and 5% cumulative preferred stocks,,and 2,500,000 shares
of $1 par value common stock, of which approximately 1,000,000 shares
'
,
; 137,000
1947,
Spec.
loan, Froedtert's $1,903,850 par
and Rockwood's $150,000 par
>'
and
,
tools As. dies, .etc.
Maint. &
repairs, incl.
'■ labor & materials
Deprec. of plant & equip.
and
Corp.i—Initial Dividends-
payable March l to stockholders of record
supplies-
Materials
Proedtert $3,150,000 par-value 20-year 3% sinking fund
value $2.20 cumulative preferred stock,
value prior preference - stocle will be
•
$44,615,000
commissions
-
27, 19.4J
Monday, January
.-initial'quarterly: dividend of 20 cents pe^ share has been declared/,
Feb. 15.—V. 165, p. 208. • ,
1
x
*
,
' 189,000
$22,584,000 $42,353,000
wages
•
$44,42G,Q0d $46,614,000
; 245,000
332,000
_
General Plywood
1943
1944
'■■■.
$52,252,000' $42408,000
etc
received,
Total
*1945
"
1946
proceeding. with
OCtf. 31
INCOME ACCOUNT FOR YEARS ENDED
CONSOLIDATED
of the two companies. Officers of the companies are~
details, and as soon as possible the plan for merger
will be submitted to the companies' respective boards of directors and
stockholders for approval, the letter stated.
'
,
>
■'>' The Proedtert company, with headquarters in Milwaukee, operates
plants at Minnapolis, JVTinn.; Winona, Minn.; Detroit, Mich,, and two
plants in Milwaukee. A third plant is under construction in Milwaukee
and is about one-half completed. .
•'
1
Rockwood As Co. cf Brooklyn, N. Y., entering its 61st year, is One
of the largest chocolate manufacturers. '
<
'
The contemplated merger plan provides, among other things, that
'In the
•'
,
1 909.968
offered
•
for
Public
3413.
VoIume 165
Number 4563
Hamilton Trust
'
THE COMMERCIAL &
FINANCIAL CHRONICLE
Shares, Denver—Proposal Approved—
examinations.
The total of re-insurance
year % $115,611 or 59%.
Afl offer to exchange shares and certificates of
Hamilton Funds
Inc., und of Hamilton Fund, both of Denver, for
certilicatesbf HamiP
ton Trust Shares, also of
Denver, was conditionally
b»HnV.t fEC" ^ke Commission agreed to
«nnH^nfc°^i?r0V16t10ns, °S Reinvestment
applicants file a stipulation
"T.T
exempt
"•
•
.
RtflfpH
Kioemcj- was formerly assistant
Company Act, providing the
*
the
of
exchange
'
•
.Consummation of the offer is desirable
thp
aDnlirant<s
Hamilton Trust has been "unable to
adapt its
meet
because
changing conditions and
operations have
had
serious
operatS
the
tax
to
the
trust."
<
„■
to
wiu, the offering
$10
at
share
a
Vice-President
,
*
cKarge
in
*e5d ^1,8'f10,500 needed for the retirement program^
"J**/*8 ^ be•'■#**&* produce $8,835,000. This is th©!
a?lount needed to retire old bonds and raise $2,000,000 new money,
head
•
•
t
.
■-
:
*
•
:
^
r
TmracfA«<
t*
has
been
*
m
^
elects
interest and dividend income.
°
In 1946, the
Ky.—Files with
corporation
gfogj, ££
-
■
.
DlV.—
directors have declared a dividend of 12 cents per share for $p%
w?j
quarter of the current fiscal year, payable Feb. 20 to stocky°^erf ofjecord Jan. 31, 1947. .This distribution^ id derived exclusively
,
1595
p.
.
'
:
j
Investor^ Stock Firad, Jnc.-r-Tp fHy 1,2-Cent
'
*'
J™e Hour Country Club, Lexington,
olLU—>
,
Mr.
of* tin*
p. ,338.
.of industrial relations.—v. 164
,-
Tbe remainlng shares under the alternative plan would be deposited
ln escrow /°r the benefit of debenture holders, the note holder (Ogden> and the preferred stockholders.—V. 104, p. 2831.
.
_
*'• v"'v
,,
of 300.000 shares of class A stock
& Co. (see V
165
p
338t
a
sun-
by Smith, Barney
^
.Robert F, Bry,die, Director of Personnel Relations
Rockefeller Interests
—
and
•
, •
2i1
'
.Hotels Statler Co., Inc.—-New Vice-President—
\
^
{William H.) Harman Corp.
Purchase Stock in
Company—
_
Treasurer
comPanys statistical department.—V. 165.
to-
rigidity of provisions prescribing its
censequences
Coverly Fischer, Secretary.
the
■
,
Suv
-
t
to
539
,v
„
during the
Mdfs AW ^tand^ at $1,281,864.
pws 60 P9Ucy
All directors were re-elected, and at the meeting of the board Frank
wpfp'r^wtpl?8
.Assistant Treasurer, and all other officers
VanderVwf Srnirrwl
J't?aves2poJ& Pres^ent; Milton T.
Nn?ml I ThSln
y
.? J? G- Hinman, Vice-Presidents;
Norman s>. Tnompson, Treasurer; and
approved Jan. 22
the proposed trans-
changing certain terms
offer.
and surplus reserves Inwfawrt
The total surplus to policy
;
paid 10 cents
Feb.
on
and
21
30 cents
i
on
-
the *•* <* «■ «»ts. «""ch es>»Pa"( .***■
*M
-
f
.
tL,d yȣ
,
"sJit'tJ
«»'
*"*
If
*
ih
'
stock
(representing
15%
all
of
shares of capital stock
.outstanding
ancjl sale ,of the shares of class A stock' offered),
pon Rc issuance
'-Transfer Aeent and Registrar—
•rrhoPbTv
,1
hnSe.'Chase National Bank of the City of New
pointed transfer
This corporation is
•
it
York has been apagent of the class A stock, ho par, and the class B
no par.
The Guaranty Trust Co. of New York
has been appointed registrar.
See offering in V. 165, p. 338,
with SEC
'
at
$8.50
share
a
to
common
fourth
their
of
new
a
shares
Feb.
28.
share.
has
been
for
changed
each
The
sharef will
Unsubscribed
The
share
share
subscription
be
sold
into
will
rxuire
uiJde?writerr
to
at
«r
„„mnam,
Investment
Co.,
Los
17 S
cr/
6%
Period End. Nov
Operating
that
the
has
company
The First
121
National Bank
of
instalment
after
rev*"
'o^f
242
$241 954
be
Angeles—
offered
at
rnmnnnv
Tor,
nn
inftnm? cho?
,r
255 972
$0 98
145'l66
'
2,271
l'Rfii'iod
232?
2,327
13449?
334,496
$66,329
43,240
$314,076
172]401
267^404
_c/v
55?
441,279
aa,
£hare4 ($l0,par)
Proceeds
Filpc
used
for
operation
toTtKTS M SS
„4
SS
Mldl»d Trast c»- «•« •
& Chemical Corp.—Earnings
Ended Dec-
m
-Hevden Chemical i/Orp.
Corn—FilAc wifh SEC—
tiles with QTTP
company on Jan. 17 lilecl
*
lor
12,000 shares of
shares as
°f
common
shall not have
market
a
letter of notification
a
stock
(par $1),
value
in
such
or
company
seasonal
with
lesser
the
International
offering. The snares are to be issued to
Sterling Drug, Inc." together
$354,000 cash in exchange for 104,959 shares of
common
stock
Y
163
t
.
*The sL?ck I8, t0;,bc r€S-old ^mediately to
2R5'5C"
Public distribution at market (about
uOw,.
n
p.
,
log
10
to
dmouiu
amount
ovei
on i
v
in
164, p.
.
,
_
$25).
n
®,usi"ess of this
60c
Nirkpl
fn
nf
CO.
r,nnj„
n...
•
J—V
'les
Previously, and for
Steel
period
a
Development.
Mr.
of
12
French
years
joined
a211 member of its Research Laboratories in
^Iot.or
Co.—Earnings Increased—
^ext
at
105
intei^st6 been caIled
and
Immediate
in
payment
United
67o
„,e a!^° dlsf*°sed Rut net profit for
the
$2,462
reported
for
the
the
quarter
last
ended
three
Dec
months
31
1945
lor ademption on March 1,
States
funds
will
hp
rrmrfp
cf
th«
qa
h
\
tt^L
d
W
—.
said-—v« 165.
,
•nfe°rnie ^Soo^6 since this
SW
I
M.
paid
was
and? rSSSLfwh
off
ilw
"
-
0f
<
and is
'
.
P-
nationally
A.
Arnold
now in
centennial
" the prcsert nanssement
1938
"Sr,..'
assumed
control
'V
;
after
all
m
the I
Co
charget0 ^6'221,259 which resulted
advertised
&
lts^ord?r"thafSthSbmimed
The
.
implements
when 3,867
assembly line is two-thirds
and 200
190
Frazer
line
of
has
farm
units
in
-
of
^ K
makes
total
a
*«
backlog
of
per
day.
With
- ;:
includes
implements
ann marketed by Graham-Paige.
$515,952
orders
of
spike
lor
$2,467,650
tooth harrows;
►
than 90,000J <
more
was
built
by '
In this category,
of
seven-foot
$215,831
of
/<-
and
spring t;:.
oper.
rev.
fr.
expenses.
1,426,198
opers.
$1,031,675
ry.
doubH
hoc
i,no
.
lines
have
not
$626,675
154,692
8'543
Corn
t0 the SEC
,
,
-
..
$5,340,735
2;010,456
53,508
t
$7,421,883 '
—
Through Bank Loans
This corporation
.
plans
to
^
—
redeem
at
102
and
accrued
interest
J
its
$5,406,000 of 4V2% sinking fund mortgage bonds, due Feb. 1, 1955.
"The company has applied to the Securities and Exchange Commission
to obtain the
for. authority
major portion of
the funds
to
retire
th©
bonds by borrowing $5,500,000 from
-,-»i
particulars,
$1,292,227
1—
$9,485,846
Kentucky Utilities Co. —Plans Bond Redemption
New
•
the
*the
SEC
a mann?r
be
a group-of 11 banks. The remain- >
supplied from company funds. It will issue to each of the
interest.—V.
165,
-
p-8tt
Kerr's, Inc., Oklahoma City, Okla. — Preferred Stock
Offered—:H. I. Josey & Co., and R. J., Edwards, Inc.,
Oklahoma City, Okla., on Jan. 6 offered 3,000 shares first
a»
o^^of-'^bor^s"
der will
11 banks 20 "Secured serial notes bearing 2»/2%
on
company
as a means of complying with
ne^structure11 would ^cmns^st^^of
23,038,460
$6,969,740
1,547,999
81,006
$463,440
—V. 164, p. 3414.
New
-
$1,378,3.50
124,476
CT38.353
.
Approves Plan—
fertain minor
19,478,307
L__L—
$210,454 $10,564,740 $12,833,960
275,000 Crl,275,000
1,905,000
1,615,000
130,000
107,114
1,690,000
1,733,114
Railway oper. income
Equip, rents (net Dr)_
double
/t S elected a director. He
AmeScS properties, V^fiS n^R3
ueiALan nXerties
v. lbb, p. 328.
Ann^Tjn
2,019,659
^
than
more
and
,
-
'
•
9}.ass. A
stock and provides a
was aporoved bv the BoPrdtnH miii kJ
arrears. The plan, which
shortlv
concludes
th^ rnnnflaem^!!!'
eSen
u0r stockholder vote
capital reo^anlz^ticai as DaS nTin«°nf
SearcJ
an citable
of uavment
nf
p1,«
t
i
so. thAt
fitQckhoiders
operation^
k-'P' 210■
.
■
tiama
W1«
further1?iS!i ^Qm
,can
achievements
of
■
«
.
the
..
past
;
.
3
operating earnings
$85o,84o .or 78%
over
of
ihis
1945,^ and
^
•
ei^ht years." See also
V.165
J
'
"
*
:
»comnanv
■*
in':
1
we-
'
f
of
insurance
«
upon
uiMm
completed
completed
title
uue
^ S
°r,der enforcing the
adaitional time
as
plan if it is modified within
be granted.
President. Hill Bros., St. Louis, acting as agent, will sell stock to Vilas
& Hickey, New York, who will offer it at $11 a share. Proceeds go t©
the selling stockholder.-V. 164, p. 2019.
may
Program, the new $19,400,000
of the 3,000.000 new common
of
bonds
shares
to-
,
would
ddcls^^the^common prothe debentures and note; plus Q$2,000000 eneededCfor;^working caStS
and for the
Knickerbocker Fund—Declares
Smaller
Dividend— '
„A'41vld8?J of eight cents per share has been declared payable Feb.
20-to. stockholders 'of record Jan." 31,' 19471'^
Payments last year were as follows; Feb. 20, May 20 and Aug. 20,
of the $6 and $7 preferred stocks In such manner ! 12 cents each; and Nov. 20, 30 cents.—V. 164, p. 2288.
a?'t0 a"ocat? to each'share, of $6 stock the equivalent of 90% of the
' n
*'
■
«
ffSSSSJ9'' shaift}° *** W- stock. The pjd common stock would, :
Koppers Co., Inc.—Extension Granted—
would ^lud^thp
ihiPrp?°nii^n<lith+ P^3l!,C offerin® of new common
The Sf!C has grapted company an additional, period .of six months
respect of its pre-; ' from last Pec! 26 >iRin" which'to comply with an order in which th©
IS^SSSSS1^ i *2.- 4'3,% of
$6 preferred.
Commission on June 26, 1945, directed 'the corporation to sever ita
aeempS
th« J i
nn,Pl^ Provides that if Interstate manrelationship with-Eastern Gas & Fuel Associates and its subsidiaries.
agement decides the sale of
ana'png 'the holders
>
•
lit^S^after
amount
h
discharge of construction obligations
worKlng capitaI
' The remaining 3Q0,000 shares of hew common would be dktrihuted
Y,)—jlarnings. Increased
®J09»g49 .01?
during the same period stated Henrv
He ^P»^nfreslfent'''- ^ the annpaI • stockholders" meeting on Jan
21
i-S and 90% inanancrease in 1,9A6 oyer 1945^ of 102% in' the
number
the
tT
0,0^nder ,tbe P™P°sed
.8®^" wi h 2,700000
the
,
Home Title Guaranty Co.
(N.
.The
,an
»
*
a
,
,
'
.
*
o
2,700,000 shares of
new
common will
not
..
and is expected to bo^:-
-3«^^<isgaa.persKare- ^lts„™"tlroi- ^
^ ProWfois encountered whlcb were .entirely fceyohd by^d^S^^W inmrSe*
Knapp-Monareh Co., St. Louis, Mo.—Files with SEC
means
.
To enable^!";
produced.
were
operation
equipment
received
Federal income taxes.,
0ther ry- tax accruals.
"1847—
hSd
Teleffranh
equitibfe iSfatrSut^S^Sr^iSS8.to
in a net' *
its
than
* ie^raPft vorp.
*
•'
December
Net ry- °Per" Rccme.
cpr
ja„U^^
10
m**«««
farm
Jt- iac- rents (net Dr)-
T
«"•
Interstate Power
October,
~
of
mcre
plan
profit
Jan.
BW? 274'267
and
been
Vice-Presided
charge of. its South
-
delays, the present fiscal
c?'«p£icity output of more than double the 1946 rate.
tbl®{irst year of postwar operations," Mr. Auer said
of
company
Net
'
with
his
'
to this prticy as long
rising production costs." Mr Munson
continued
211.
has been associated'
revolving bank credit of
'
•
_Qi.
should
Henry
i
t
the
war, and "we intend to
of
International Telephone
DirectormmP
publicly-owned
a
is eTntirely ?ree.of long-tem dSStf
the'ffse^i6 ve°n^ wA'^H7J,1!>iiiSoan?U re,p«°.rfc to
$1,250,000 terminated.
year
corporation became
company's
mccrneased siPc®face
the
possible in
<R.) Ilofe & Co., Inc.—Sales and
Earnings—
stockholders. During
$750,000 bank loan
company this year will celebrate
Prices of the
.
of
as
'
as
deposit
do so.
may
toot.h harrows; $396,345 of farm wagons, and $232,667 of cultivators. *!
^ 1^5' ^
+hQ
for 1947—
.
Comn«nv
/l?
The
„
books
1
Rcger Bros." silverware with producti^ schedues
the best prewar year, Craig Munson Vice-PreS
^r- Munson said it is the company's hope to
1U41 production, which was a peSe high
''ohAifM
Other^Sl
**'** ^ S#nthera K^-E^ningS-
international Silver Co.—Outlook
„
agreement.
•
-
Rototiller
that
Railway
tw
?
-
eight-foot discs;
series A,
was
when
nenifa,les aggregated $798-814'
nnHeiCn»TSi»g«nSU»»« rationmg, he stated that the Hires management
?
reviston to between 70% and 80% about April
the
S
d
111 a c01'fesP°nding increase in sales during
at fifl!
nf
comPaays flsCal year." Allocations now are
The'
en.Lwf i*™*,use-.
chised Swn
plans t0 exPand the number of franwires added.
Hires adWed —V As S Apr fr°m the present level of about 230> Mr'
V. 163, p. 1428.
their
°ther manufacturers
the
gold bonds,
trust
orders on hand, he said the Rototiller backlog at current prices
Bayonne,
^ailS 0 /o ^Onas—
mortgage
voting
each.
now running between
Co —Calls 6% Bnnris
outstanding refunding
the
WiR respect to the farm implement business, he said that.more
Ran 17,000 Rototillers had been produced last year, and output is:
he
the
The
International *
4 Paner
company for the December quarter, the first period
under
completed by the end of this month.
"
3413.
Corp.,
Re companies to meet expanding production schedules, Mr. Frazer
said 20 additional body presses have been put into operation. The
,
Ltd.—Official
.
of Alloy
RareaW
4,750,000
Mr- Frazer said production of cars at Willow Run-this month was
averaging 320*units;a day. January's production is expected to nearly
un~
ru
Of Canada,
'
-
Exchange Com-
orders for;this^tompany of '$453,401,062. Hi
ilf
h
»'srelhohkcots^aunna
above
.
double
Division.
v
Hires
S?i hiSsiiLa i®
man
fprHi^rc
8
-
(Charles E.)
on
second
N
ovef $25 0(fo
S25.000.600.—V.
10
to
the
of
^
Inc.—Sales, etc.—
was said
that^
shioment
H; J- French has been appointed Assistant Vice-President Sinro
^
r'
be. bas been Assistant Manager of the Development
and Research
A. G.
1G
Show^n^ew^Yor^N^Y58 (ntairSigfnnrnv!^otSi at«ioiP ncc1"10^1
calacitv•
the
338
p.
NICKel
PrnmnfwJ
.
Iilggilis,
winter
'
with
III A!
this
shares
100
t°r the
^
fiirthW"
continuing'af
of
date
on
are
and
»B
a
!S,S.
President
usually early.—V. 165
SEC
number
of $300,000
excess
Ware,
?
™
'
Loqis
'
H^nrv
T
Knispr
„ntin« t-„cfoP5. rari%t'
ri^nry J. Kaiser! as voting trustees, Jart.
and
Kaiser-Frazer's unfilled orders for Kaiser cars, he said, total 736,032 m
units representing a volume of $1,070,190,528 at the current dealer
.
International Minerals
Kaiser-Frazer
785>812..
of business as
j
Tn(D,.»o6n
.
< >
Corp. have a backlog '/I,
$1,491,190,373 for 194?!fefs
Kaiser and Frazer automobiles, Joseph W. Frazer,'^President of th» jgfe
comPanies, announced on Jan. 20. This backlog is the dollar V/
vplwne at net price to the company from the sale of automobiles to
lts dealers. The dollar volume at the factor delivered price Is $2,136,- v ,V
par without
business
as
of
***«*« and freight air carrier.
Fraser
0f orders
letter of notification with the SEC
a
be
?
.ThisJ corPorati°n and Graham-Paige Motors
with
riles Wltfl
common stock to be offered at
will
W
Any holder °f Re corporation's common stock
shares also> but he is not obligated in any way to
Backlog of Orders High—
"
company on Jan. 13 filed
p. '*
\"
depositors include Joseph W. Frazer, President of the corporation,;^!
300 shares: Henry J- Kaiser Co., Kaiser Engineers, Inc., and Kaiser^.?,.;!
Co.,
'
Wash
Joseph
of
$435 911
13,424
a
-
„
IiRlSer-Frazer Corp.—Voting Trust Formed—
•
cA
$25,341
P,r
' ;
ol Addresso-
assure continuity of policy and management of Kaiser-Fraser^Corp.
Graham-Paige has agreed to deposit 750,000 shares of common stock:
1,412,755
35559
_I~
v*
Cleveland Industrialist and President
)M
y
J;iust agreement. Its expressed purpose is to afford protection of a
$3,000,000 loan to be obtained by
Graham-Paige Motors Corp. -. and to
$2>292>766
'
.«•; '
ri, par value comihon stock of this corporation.
:
%•
4,1 inV°!?! trust W,!U b?come effective Feb. 10 and will terminate
f gV '
9' .or ®arlier> m accprdance with provisions in the voting^:
c
e0
taxes
JoSeS? S
,.
*t5
2,513
<to
P
tWB ln CinciDnat1' empl0J"ns more
filed a registration statement with the Securities and
^on cover ™ voting trust certificates representing
*
„
$ ,51«'n?o
R79
" ^ wasu.
f
Registers with SEC
to tw indebtcd"esa t0 tha MarlBa
'o?o
212
<Rt>ii
SEC
a r£8l5tration statement with the SEC
,e
$
181 004
oper.
underwriting.
c,
ma
„
6, p. 3292.
•
$123
Hercules Steel Products Corp
,o^c
*0
Inland Airways, Inc., Walla Walla
1945
210
210.
n
p.
of
Net cper. income
Net; after charges
$377 913
328,437
165
165,
lease
6
par
1946
This corrects the item
apoearinp in V
appearing m v.
for
Operating
$538,684
charges and taxes
Common shares
outstanding
Earnings per share
oner
we oper. rev._
be u°ed for S6"61"®1 corporate
all
<m2 196
property
10Months Ended Oct, 31—
Net earns,
1946—Mr,nth_iQA=
v
WocS'pe'opl? Day'°n °nd
called
Boston,
\row
four years has been Plants Manager
Bncinn
1101
n
Tn*»
.
rl»P. since 1922 and for the past
a11 of its outstanding first mortD> due June 1, 1948, at 100 and
Operating revenues
Operating expenses _II
a/®tter tofnotes to
notification with, the SEC
unsecured
30—
revenues '
Uncollectible
(Walter E.) Heller & Co. (&
Subs.)—Earnings—
5\,rk
Calls Bonds—
waierwoiKS CO.—Calls Bonds
Indiana Associated Telephone
Corp.—Earnings
.
purposes.Un CrWrltlng' Proceeds
Thp
Waterworks C.
announces
corporate trustee, Boston, Mass—V
a
Rent
.
„
fnr«9Q?S£ n?
for $297,00° of
cnr
(Mo)
'
V™
'
President,
'
*» aealnst
company
Ilayward Lumber &
Files With SEC—
•Th.
7"
r,
v
•
.
precision lnrtustnes, Inc.;—New V.-F„^eberJ.
Stupp of Dayton, Ohio, has been elected a Vice-President
dire®^or- He is to be Production Manager at Jack & Heintz.
stu,pp ha® been with the Delco Products Division of General Motors
'
r^A ii/^/ ?o on ub< .-10' next»
fmprp^/2 P-ayment will be made at
PA»i^,"Qye+ar mi°k ' series
in.terest.
said the underwriters do not presently intend
to make a
public oxfering of the shares at this time but tnat when
they are so offered they will be sold at the market
price.
Proceeds
will be used to pay a
portion of the costs of constructing new bakeries
in
Boston, Worcester, Mass.; Cohoes, N. Y., and Providence
R
I.
—V. 165, p. 338.
4S of
s
>;
,
.
Jack & Heintz Precision Industrie
tlie
$18,213,000,
also acquired
" tfj"
/J J,"
<n
which
oiler
common
reduced
eS,,,
to
wSwS
Independence
stockholders on the basis of one-fourth
each share held and to holders of ccrtifiClass A and Class B stocks on the basis of one-
share for
common
This
1946
1950.
common
preferred,
for
31,
central RR.—Cairo Bridge
as
cates
Commission.
Dec.
trust
forT1i1»C3T 01> r- 15 filed "
tn.met*theoSECmer
with tsn uart
James 3. Borck
BriSeportTton •^W^K^p'Sbureh ! nmm
of a new
Share*
company acquired $3,466,000 principal amount of
"!l ?x? ^ort6fl8e
bonds, due 1955, according to a report
itof 1952 fn<\ $286,000 Illinois
'
•
>
-
against $21,679,000 at the end of 1945. The company
$1,112,000 of its 4% bonds, due 1953; $493;000'of its collateral
*
'
1
Durl«8r 1946 the
/
fl.led With the Securities and Exchange
amount of the issue outstanding on
stock,
.,
Dpht T?<vln/WI
mortgage um Reduced—
«
Hathaway Bakeries, Inc.—Registers
an affiliated company of Investors Syndicate,
™!!,pa}« underwriter; and investment manager of the Fund.
were first Offered, to.thq.public in June, 1945.-^V.
164, p. 2418.
_
Illinois Central RR —Mortffflp-p
>.
'
—V. 164,
p. 824;
V. 165, p. 211.
-
'
540
i
•
Irving Trust
Agents:
the
will direct Libby's extensive research and
v
and
program.
who since 1934 had charge of the Eastern Pickle and
Department, will have supervision
of the Baby Foods
and the Eastern Pickle and Condiment Departments.—V. 161, p. 2557.
Co.,,■ New York, and First Na¬
Luscombe Airplane
pany
reeently^placed with the Metropolitan Life Insur-
5JnCf SS'olnnnn' was 3/2^ to refund a 3%:%Of the prounsecured loan. serial loan
$1,250,000
used
and the remaining $1,750,expansion, etc.-V. 165, p. 212.
front the insurance company
1
.
.
t
In
•
extended
with the completion
This^well, which
24-hour test through
County
nounced.
in
a
"eld
in
CAPITALIZATION—The capitalization of company, after giving
to-amendments of the company's certificate of incorporation
ef¬
0
ee
,
.
p.
'°
•
■
0f trails and construction of shelters,
Wells
excellent productive possibilities.
Madison Square Garden Corp.—Earnings-
approxl-
»r°d"ce„fro^^ seoleo of sands at a depth of
0,
matey
in
August and September, 1946, (1) authorizing 200,000 shares of pre¬
ferred stock,
(2) creating a first series of such preferred stock con¬
sisting of 60,000 shares of 6% cumulative convertible preferred stock,
series A, and (3) increasing the authorized common stock from 500,000
to 1,200,000
shares, but before giving effect to the issue and sale of
the
57,000 shares of preferred stock and 57,000 shares of common
a
of this acreage now has
part
irl—
,
,
Mad River Corp., Burlington, Vt.—Files With SEC—
The company on Jan. 15 filed a letter of notification for 1,560
shares $4.50 preferred and 2,240 shares ($1 par) common, the preferred to be offered at $100 and the common at $1 without underwriting. Proceeds will be used for construction of ski lift, clearing
.
of its Lion No. l Douglas, it was anproduced 560 barrels of 38-gravity oil
relatively small choke, is located on
a
large structural feature on which the company has over 800 acres
under lease.
Col. T. H. Barton, President, stated that the greater
,
engaged in a diversified publishing business.. It
publishes Civil Service Leader, a weekly for civil service employees; ->
Fashion Trades, a weekly for the fashion manufacturer and retailer,
and comic -and cartoon
magazines.
It also produces the National
Antiques Show. at Madisdn Square Garden.
.
St, T*SZ *" ^
.,
important Mississippi field development, the company last
production one mile in the Mallalieu Field of Lincoln
an
week
is
company
Mississippi- •
Lion Oil Co.—Extends Output in
.
Service
_
appointed Vice-Presldenfc ln charge of engineering.-v. 165, p. 339.
(r. jj.) Macy & Co., Inc.—Resignation—
Delos Walker has resigned as a director and Secretary of the company for reasons of health, it was announced on Jan. 22. He will con¬
tinue, however, as a Vice-President of the corporation on special asX™ w^WLved^as
Eugene W. Morris, Chief Engineer, has been
ceeds
000 will be used for
Corp.—Official Promoted—
„
.
,,
_
,,r
-.v
Lily-Tulip Cup Corp.—Loan Placed Privately—Com-
Special)
venture (hereinafter called Civil Service
Finkelstein, Shirley Finkelstein and Civil
stein, and a joint
composed of Ethel
Publications, Inc.
i '
;
Price,
:
Inc. (N. Y.); Pentagon Publishing Co., a partnership
consisting of Jerry Finkelstein, Ethel Finkelstein and Shirley Finkel¬
•.
company
control
Mr.
Co.,
Publishing
>
the
of
quality
Registrar: Guaranty Trust Co., New Vork.
HISTORY AND BUSINESS—Company was formed in Delaware on
July 24
1946.
On July 31, 1946, pursuant to a plan of reorganiza¬
tion, the company acquired all the assets and assumed all the liabil¬
ities (with- certain exceptions) of the following concerns, all of which
were entirely owned by Jerry Finkelstein and "members of his family:
Civil Service Publications, Inc.
IN. Y.); Seymour Halpern Associates,
Inc.
(N. Y.);
Exhibit Corp. of America (N. Y.); Wearing Apparel
The
Knowles,
tories
City.
il ttonal Bank of Jersey
who for the past several years has been in charge of
Eastern Division Laboratory, will have supervision of all Labora-
Mr.
,
The directors on Jan. 21-declared a dividend of 10 cents per share 0*1
the common stock, irom earnings for the first quarter of the 194T
fiscal year which ended Dec. 28, 1946, payable on Feb. 15, 1947 t<*
holders of record Feb. 3, 1947. In 1946, only one distribution, amounting to 40 cents per share, was made on Dec. 2.—V. 165, p. 339.
John T. Knowles and. Earl; Price have been elected Vice-Presidents.
fering was made Jan, 23 by Gearhart & Co., Inc. (N. Y.),;
of 57,000 shares (100 par) common and 57,000 shares of
6% ($5 par) series A cumulative convertible preferred
stocks. The shares are being offered in units of one share
>of common and one of preferred at $5.10 per unit.
Co-Transfer
To Pay; 10 Cents on Common Stock—
McNeill & Libby~Ne^Vice-President&---
Libby,
Inc.—Stocks Offered—Public of¬
Leader 'Enterprises,
v
Monday; January; 27> 1947
THE COMMERCIAL & FINANCIAL CHRONICLE
sets
■'
1946—6 Mos.—1945
1946—3 Mos.—1945
Period End. Nov. 30—
.
fect
stock
»
being offered, is
now
.
—
of
each
for
of a studio other than MGM will
through its vast international organization.
the same
H to the'plan of reorganization.
shares
preferred
of
stock
now
to. the underwriter, and the underwriter has agreedshares of common stock for the par value of 10 -cents
the event that: the underwriter shall purchase or find
-
,
dividend of
EarmngS Up in 1946—
.
company-earned approximately $1.20 per .capital, share
-
compared with 97 cents in .1945, according to D.-A., Hulcy, .President.
The improvement; resulted from expanded- oil- and distillate production by Lone Star Producing Co., an operating subsidiary. ,: L" r
Mr-Hulcy said the outlook for this year;is especially-favorable.
that; oil sales for 1947, exclusive of distillates sales,
-
estimated
--
-
..
-
.
■
* •
..
;
;
company's ,best prewar year..
, . v
, •?
.
^"The company's-most - gratifying, achievement in- the past .year,
however," was the-holding-of prices - within a -liquid-market, ;-MrFreimann said.-He pointed out that Magnavox prices increased only
-At'a recent meetipg-of district sales managers in Fort Wayne,Jhadk»
.the company ■ introduced three new radio-phonograph:: models, whicli
brought the Magnavox . total to 14 distinctively different furnltur*
styles—by far- the' largest! line' in- the industry.
•"
; . "The base of the radio-phonograph; market has- become-so broa*
t,that a--wider selection of-furniture- styling and price range has btcome increasingly important," Mr. Freimann said In announcing tha
He
>.
(Kyi)
.
company for the week 'ended: Jan. 18,; 1947,
kwh., »:as .compared with .25,502,000 kwh, ;.for.\.the
corresponding week last year, an. increase of .28.6%. Output for the
52 weeks ended Jan. 18, 1947, totaled 1,484,059,OOO- kwh., as compared
with ,1,408,014,000 kwh.
for the - previous.52 weeks, an increase of
5.4%.-^V. 165; P.. 339.
•. I :.
1
output-of this
-Electric
.
totaled: 32,796,000
"
"
Is-'to
"
•
Louisville Gas & Electric Co.
;
replace -working
-x
^
new-
•
;C capital, which has been used to promote, the-new periodical;. Fashion
Lukens Steel Co.—Annual Report—
v Trades^and to provide additional working capital: to permit tthe com- .
'H
-rAv<5rtT;ThATirh" TNniMF"ANn rttr.pt tts appottnt
*
pany: to exploit -.more fnlly-<the ..activities heretofore- conducted by its
:
^
:: predecessors, and to, expand such activities into certain related fields. *
% ^.-(Including. By-Products fSteel. CorporatioiU aRdtLukenweld,.Inc., - •
tParticularly, it. is contemplated ' that'.the additional. working . capital
m
: "s *
fp. • ■ »• will he/used- (IX; to exploit' more effectively- the advertising potential
*•
-52 WeeksEnded—- Oct:5,'46- Oct.6, "45
-of- Civil Service*Leader,- (2) to initiateand develop activities, includ- ■
$30,289:067
,
,
'.£■
ing
: : ;
the. publication of civil service study .?.material. and • the. furnishing
instruction in civil service preparation, for which the present cir-
.
C,
shows and exhibitions.
other trade
CONDENSED STATEMENT
.
Publication
r
Income
-r
".Civil Service Leader":' «
from circulation,- subscriptions,
of
•
but excluding; net devel¬
"Fashion/Trades'') • •
6 Mos.End;fc Cal. Year
June 30, '46 v;
1945
-
»
for Fed.
Prov.
Joss,
—
•
sales
Prov. for invent, losses
$19,563
$67,746
Earned
53,365
50,588
T
90,014
96,770
Exhibit,
1
£
<
-
and administrative
selling
for
Net income
Balance,
expenses
'T "■
;
Total
„
net
special venture
\'
payable
or
(Development of
new
periodical,
$107,293
*
Income
from
subscriptions,
advertising,
—Vy circulation
—■
:.'4 Total advertising expenses——*
Subscription and. circulation expenses.—
Other deductions: general and admin, exps.
Net
Net
loss ior
income
i..:
periods—
(Leader Enterprises,
Net loss, Fashion Trades
Total
as
above)
—
—„r-_——.—....
-
7.349
1,785 -3,282
4,282
.
$16,699
107,293
$60,812
22,126
16,699
60,812
.
Cr$90,594
P —y/164, p;. 1723.
$0.21
$0.36
$0.77
„
nn
accounts recelv-
'
others,
capitai
$0.12
included in expenses incurred
$85,355; capital stock
(451,800 shares no par), $2,491,931;
earned surplus.
■
v
(Includes By-Products Steel
• :
•"
_
FllcfliIflfith SEC
The company on Jan. 9 filed a letter of notification with the
for 500 shares ($100 par) common to be offered at par without
1Q4S
«.
■,
Metropolitan Broadcasting Corp., Washington, D. Gr¬
'"
i
*
■■■■■'■
•
RESULTS FOR UARTERS EDED DEC. 28
'
provision
surplus,; $111,480; paid-in surplus, $149,533;
$2,461,428; total, $9,175,356.—V. 164, p. 829.
$6,792,802
Nil
11946, exclusive of $28,927,
LIABILITIES—Accounts payable and accruals, $1,735,156;
prepaid
Federal, State and local taxes, $810,472; balance on purchase of
Toledo plant, $1,280,000; reserves for contingencies, $50,000; reserve—for
.
on„
$6,793,453
pnMQOT tdatph pat ampw QWffPT
CONSOLIDATED BALANCE SHEET, /vt 5, 1946OCT. cindc
.
-
■
6,830
Dr38,685
/ A
—
.1.7,281
16,859
rTTTrr
.
'
$28,582
58,423
costs'
Direct
-
$93,180
$164,273
$348,515
share
»448!279- to complete construction of frequency
; <1945
and
—.—;
common
depreciation of $1,089,772), $2,615,842; patents (net), $110,992;
expenses and deferred charges, $43,254; total, $9,175,356.
Sales, net of discounts, returns and allowances.
$8,802,887 $8,626,247
Consolidated net protit-.
'
»600,050...
*Deficit before estimated tax recovery, due to carryback provisions
of the Internal Revenue Code, of $291,350.
{Before provision for current income taxes of $240,000. -t *
■ :
_
»
-t ; t ^Vr.'
V.
Cal. Year
6 Mos.End.
V. June 30,'46
—L,
—
ASSETS—Cash in banks and on hand, $2,745,144;
during strike and shutdown period.
1945, net of adjustment of $48,223
ot recorded amortization
on facilities acquired under Certificates of
"Fashion Trades")
1'
.
—:
able (net), $1,357,945; U. S. Government securities; $566,000; invea$1,736,178; property, plants and equipment (after reserves for
,
7——-
194ft-
*
.
—
$6,904,093
111,291
—
*Loss.
*
—
^ $557,514 «$276,193 v !• $281,38»
209,000
111,920 1 188,200
CONSOLIDATED BALANCE SHEET, NOV. 30, 1946
$2,751,477
4,152,616
$6,793,453
——
paid
*Deficit.
59,207
" ;
$22,126
income:
——, —
per
.
$494,656*- > $249,739 A $259,703
' • 62,859 ; - 26,453- ; - '21,685>v
,.
2,410,000
300,000
ono
,
_
48.086
■■
of periods
'
'
'
Earned surplus, end of periods
Earnings per share—
..STATEMENT OF INCOME
|
.
Dividends
*$6,755
22,126
fp Total net income.,—T
M Net profit from
.jv-Vv;.;V.''V' V—
-
$2,776
1944
2;060,044l
u
2,258,578
-————
:
■&
Net income
$41,477
$651
6,792,802
surplus
surplus, beginning
Total
period
1,826,109
•„
M
,
$2,319,741
tories,
admis-
-
1946
"* 1945
$2,320,765 $2,508,317
—
Federal and State income taxes
.
-
:
\
Total income
•<
480,897
1
- . - .
„
,
& maint. restored to inc.
m
advertising,
exhibitors,
from
Income
Cr94,543
*$480,247
'<
Inc.—Registration State-
'
-v. •
Operating profit
Other income
-
—
Refunds, adjust, of refunds and adjust, of prov.
for Federal taxes on income of prior years—
Antiques Shows;
I.'— sions, jetc.
'
%■
20,000
190,000
—
•
MArtm-Parry-Corp.(& SUDS.)-—-Earnings—'- -
Cost of sales and expenses.
,
2,580
$41,477
—
$r,784
————
for period
income
„;
130,769
63,022
50,769
administrative exps.
"• •'
■- »
Net
Magazines:
advertising
and
selling and
Publication,
;-Svvi'-.'''•
earnings
$213
of Cartoon
from
income
tax—
-
'
f 3 Months Ended Nov. 30—^
Net sales,—
■
,
*$270,246
—
.
!
normal income tax and surtax—
70,332
—
Publication
income
■"*.
:
,
Earnings
Net
jjgj Net
for State
Provision
59,084
operations:
from
Earnings
$117,841
119,625
$58,871
Publication;* selling
,
185,150
1,106,035
Cr97,730
plant and-; equipment-U--—-™^—;
Exps. incurred during strike and shutdown: period
Other incomo^ net of other income deductionsx
X:
ad-
vertising, etc.———;
—
and administrative exps.
(wt.
113,438
Loss
(Of predecessors of Leader Enterprises, Inc.,
opment expenditures of new periodical
" "**
c -
V
119,257
105,000
836,832. 1,235,951
113,382
• 125,398
premium paid in 1945 on bonds redeemed
on
sales- and- abandonment-of property,-
OF-INCOME
•v** "
2,039,551..
2,393,513
.
■'v "
)>
.^gtst ra tio^!titemint(No. 6845) Iiled wlth the SEC Now .27 '
«»■ common-stock (par $12.50) has been wltk-
CttHcnMiSortIz»tSnK.L.:I.5L^..:25,902,3ra ;4I,675,155
h
its staff are , Selling, administrative and general expenses—
,to., carry*, :Contribution to employees' retirement, plan-,—
on the development of the newsweekly, Fashion Trades,
(4) to pro- . 7-tProvision for ^depreciation and amortization—
vide working capital- for the publication of cartoon and comic, magar
-Interest on debentures, notes payable,
ziaes, and (5) to promote- the: 1947'^National Antiques (Show and
Amortizationvbf debt discount and expense and
irculation of Civil, Service Leader and the experience of
y believed. to-give, the: company an. advantageous position,
c
,
^-
Manninc, Maxwell & Moore,
input Withdrawn
$45.243.988;
',
■*. * >
announced that -the company. batf
expanded' its advertising budget; estimating: that more than $1,000,001
be,spent .in -advertising! Magnavox- in 1947.^V.-164, p. 3145. . ^ -
...CONSOI^ATED iNQQm^ SURPLUS^AqcQU^r
.
models.'<
At the same time,>Mr. -Freimann
;
-
.
.
«
$
firms In all
along with the domesitic expansion plans. .Mr. Freimann, emphasized that the company's major task in 1941
would continue to be production in greater volume and the maintenance OMts present!outstanding values in its field. Magnavox production'and sales in the past year: were up more than 500% over tb*
/
will
$232,151 in 1945.—V. 164, p. 2693,
$1,000,000 compared with
reach
1
financing
cilities.
..
..
,
^ ^
Although numerous applications have been received from
parts of the world, export plans will be deferred
in 1946
The
-
on hand for thoucontinued. He cited a recent dealer survey
years
which indicated that Magnavox radio-phonograph production requirements for 1947 will strain to the limit the company's expanded fa-
the
^
.
of' -the
sented the company
the capital
has been declared on
nSk^S^^n^t
L eabHo%plJ TherSmdatdemaWnd have orders
for
and who
■
„
> by; the underwriter bears to 57,000 units. Also,, the ^company intends to. offer to sell an aggregate of not more than 52,000 shares of confinon stock to its attorneys, accountants, printers andcertain employees "
•i?;. ajadvassociates, in each case for the -par value of 10 cents , per share.
Ttte cale of-41,000 shares of common stock and each -sale of any part T»f
T: -52,000 shares will in each case be conditioned upon the written assurance and warranty that the purchaser ^'purchasing .the stock for
investment only and ho tfor distribution to the public, except that the ;
underwriter/may sell-anycpartrnr all of-•said 41>000 shares of cpromon ,
stock to selected dealers, provided each such dealer likewise makes the
■i^same written assurance to the company. The total number of persons
to whom these shares will he effered will;not exceed?25.
V
.purpose
cents per share
25
fiscal year
$20,000,000,
sands of customers he
stock, payable March lo to holders of record Feb. 14.
Previously,
company paid dividends of 20 cents per share each quarter.vr
.
Vyvsiv,.
-
purchasers for
-.
t '4 PURPOSE—The
fe°o?'8 Internationa1' handling
Co.—Dividend Increased—
Lone Star Gas
Of
P^ducts are not now beine sofd wil Lve to be deferred Mr FtelmanS said FfanchS in aDDroximatelv 200 seconda^ Skets where
* S5 Smnanv has no reD^sentation ^11 not be Rented u^til M^gnavox
i:£..
A
to buy, 41,000 •
per share. In
47,058 or more units of the preferred stock and common stock but less than 57,000
units, the company will sell fand the underwriter will
purchase on- the -foregoing a terms; the, number of .shares which bears
vi&the. Same proportion to 41,000 shares as the number of units sold"j
.
tor the
excess
demand^
jjLcted &mfor e^^ ln^
n
V. 164. p. 3293.
pictures overseas.
■
shares of common stock and 57,000
offered, company has agreed to sell
NOTE—In addition to the 57.000
?
a
output
pursuant
the company's predecessors
issued to certain of
were
■
of the industry and also
first time that the total
be distributed by Loew's
It is also the first time
that top-flight Hollywood products will be distributed on a two-way
basis, with United Artists handling Enterprise pictures in the United
t377,000 shs.
of two shares of common
tThe 377,000 outstanding
now offered at the rate
share of preferred stock.
preferred stock
stock
/shares
United States and Canada.
of common stock
the 57,000 shares
.*114,000 shares of authorized but unissued shares
been reserved for issuance upon conversion of
have
,
to end Feb. 28, 1947, will be considerably
it was predicted on Jan. 22 by Frank Freimann, Executive Vice-President. The company expects to do a volume
exceedine "Siooooooo in 1947 hp said
f^ view of a tremendous
established bv its orese-nt dealers,
arrangement is unique m the history
new distribution pattern.
This is the
The
sets
Predicts Large Sales
(The) Magnavox Co
Sales
None
200,000 shs.
* 1,200,000 shs.
10 cents).
stock -(par
Common
agreed to put
in
pfd. stock, series A
conv.
$5)W
President of Loew's International Corp., has
Loew,
Outstanding
Authorized
cumul.
(par
the
H.
mated Federal income taxes.—V, 164, p. 2155.
and
$28$i5fi
provision for esti-
*After depreciation and other charges, including
year's most important international film distribution arrangeone with far-reaching effect on the future development of
overseas film market was officially announced on Jan. 22.
Arthur
The
ment
$56$m°5
Sinef$49»$!
Enterprise Pictures—
follows:
<
s?
;;Si6%
as
Loew's, Inc.—Unit to Distribute
■
Corporation and- Lukenweld, Inc.,
Companies) ' * *•' :
• -
At.uMAS
T«*i
Mid-Continent .Airlines,y Inc.
SEC
un-
"""
modulation station.
Ann^ntmonfe—
New Appointments
r
.
appointed Assistant to the VicePresident W. traffic, according- to an of traffic and made on Jan.Mr.
of Coburn, Vice-President announcement advertising. . 10
by-Hugh
Bush( formerly Supervisor of Schedules and Tariffs for-MCA, joined
Robert. G. Bush, Jr., has been
' the Mid-Continent organization in June, 1944, as Chief Clerk. %
accounts
Harry R. Studer has been appointed Regional Traffic Manage*,
receivable, trade, including $22,665 due from others, $2,715,057; inFormerly Interline and-Agency Representative, he will
ventories, at average cost or market, whichever the lower, $5,992,839; J of Mid-Continent's. Southern Region.—V; 165, p.
- *;•
■,
property, plant and equipment, at cost or less (after allowance for .
- ' ;,
•; ».
'
. * ,
depreciation of $10,627,011), $7,525,082;- due from the united states/
Missouri Pacific RR.—Expenditures
Government for. the construction of industrial plant facilities, pledged
X7. S. District Judge George H. Moore in St. Louis, Mo., on Jan. 20
as collateral for note payable to bank
(see contra), $219,935; prepaid " authorized Guy A. Thompson,, trustee for the railroad, to make thesw
and deferred accounts, $181,467; other miscellaneous assets, .$152,277;. • expenditures for betterments and improvements during 1947: .Missouri
1 total, $18,869,145.
/"-<
Pacific : And; certain 6UbsidiarIea $5,841,700; New Orleansj Texas '4s
li abilities—Accounts .payable, trade and others, $1,348,456; wages,
Mexico and subsidiaries $1,044,230 and
payable,'$348,921;. accrued salaries and. wages,. Corporate-taxesit eto.*- »'$I;044,230.---V, *165; p.'339.V ■ 1
"••'
^
$350,192; provislonr;foCi Federkt;and HtatevIncome' taxes, 1946 (est!-: .
V
'L .
^ v
«
— „
_
mated), $210,000;/provision, for -claims -for defective materials, retro*'
Mitchell (John E«) Co.^
active wage adjustments, etc., $1,122,106; advances received on sales - 7
The company on Jan. 16 filed a letter of notification with the
contracts, $98,733; note payable, bank, under Loan Agreement dated. j.sEC for 1,000 shares of common stock to be offered at $200 a share
April 30,
1945, $600,000;
note payable, bank,'-for industrial plant;r : without underwriting. Proceeds would be used to increase working'
facilities; with collateral (sCe. contra), -$219,935; workmen's compensa- :. ■ xapital.
....
*
»
tion claims and awards, $43,947; reserves for additional costs arising / ;
♦ v *. <r
^
•
out of .war. conditions/. including: inventory - Josses. 7 and ..others con-»
M0hfrtoiith>lPark^; J
CIuh-*-Ri2htS--*'
V
tingencies, $763,000; -other .miscellaneous Preserves, $30,432r common -. "
stock (par.$10), $3,279,760; capital surplus,. $3,760,209; earned surplus • .-v The
company ^ registration
since'Oct.-21,-.1933, $6,793,453;. capital stock (10.000 shares) held invoting trust certificate-holders\ot_
Wholly-Owned Subsidiary
ASSETS—Cash
on
hand
and
demand deposits, $2,082,488;
be in charg#
213.
Authorized—
International-Great Northern
Co., Bridgeport, Conn.—^Declares
Kcw Common Stock-P
(James) Lees & Sons
Initial Dividend on
/ The directors on Jan. 22
on
the. $3
par
declared a dividend of 35 cents per share
value common stock of-which there are
.817,500 shares
^outstanding." The dividend* is payable -March lv l947 to holders pf
record Feb.;15,-1947>T: :
*
*: "r
■-"?
- ' >
'.
The dividend just declared is the. first, to be paid on the common
stock since the stock was split up in October, \1946 on the basis of
33 y3 shares of the new $3 par value stock for each one share of the
old $100 par value stock. In November there was public distribution
'
.
of
a
portion of -the.stock' for the first -time in.
lias paid dividends oh ,Rs> Common stock In each year
with the exception of 1938. The busi¬
of the company was established in 1946;—V. 164, p. 2959.
/--. / •
The company
since
ness
the history! of "the com-
Its incorporation in-1805
DillilS, ICX^FUCS "Wltu SEC*
~:AW,,mUUU1;
statement has become effective and
record at a1 P.m._Jan^b 22 will .re^;,
®S43°—4:* Mw«n?1»r;6»^'t0
NOTE—property,
in.manufacturing,
.qalpment.ineJudes
having an: aggregate met: book" value
not-used. :
"Of $351)377. •
8h"f:
t r;; 1,
(Continued on page a 10J
.
- *
r
,
r<,,«
Volume 165
Number 4563
v'-V
17 ,/•
,f*
1 ••'
**
•
1
•
v
Stock Record
!j
\
w
.«■,
*?>;hp v);
/
j-
V;
:V;,f
\.,S-
it-
o,
<-
-v
-*)/. ;VV»
Exchange
WEEKLY VOLUME OF TWUHN6
YEARLY RANGE OF SALE PRICES
4
1
'
New York Stock
«»
DAILY RANGE OF PRICES
*
Vr'v?
„
THE COMMERCIAL & FINANCIAL CHRONICLE
"^
VV "
'ty-'i"
•'
'vw**-v
FOR EVERY USTED ISSUE
*.
*
:
V
■
>'
•'
.
•
t
v ■
,
n*
■„
.
.#
•'(}
• -r».
\Sj*.
/
wJ
"
Saturday
Monday
Jan. 18
9Ve
,
82
105
'
;/
16
,:' i5%
16
49%
♦47'/a
35
*34
34 J/2
•
;,
9>/2
36%
♦102
27
27
*93
4
4%
43%
57%
18%
573/4
173
174
*19%
35
323/8
33
:
34%
*45
46
25%
•-
-
35%
:v
*104
5%
51/4
461%
36%
51/4
300
#
108
8,500
.
*261%
27
*27
28
*27
28
400
95J/a
*93
95%
*94
96
20
4%
4
4
3534
58
58
413/4
42%
42%
98%
*97 %
*17%
19
17%
172
169%
172
*58
4
36
4%
363/a
4
4Va
36%
*58 J/4
583/4
*58%
43%
43%
43%
*97%
5834
43
988/a
17%
36%
98%
97%
18
171
170
23,500
6,100
'
59
500
43%
97%
19
18%
170
37%
-
-
3,300
50
19 %
170%
24%
Feb
48% Jan -24;
33% Jan
3
55
Jan 10
35Va Jan 10
44%
Jan
Sep
V 68%
f; 413A
Jun
24%
8%
Dec
203/s
Feb
33
Nov
59%
Apr
104
Oct
Address"Mutlgr Corp_————10
700
Admiral Corp
Air Reduction-InCi..i..i.iwNo par
Alabama & Vicksburg Ry
100
Aldens Inc
Allegheny Corp
Allen
34%
34%
34%
34%
34%
Allied
Mills
37%
35%
36%
35%
3534
35%
36%
94%
94% *
94%
9434
9434
9434
33
33
33
33%
333/8
33%
34
.
67/a
*6%
6 3/4
65/8
943/4
6%
*46
50
*46
50
*46
50
79
79
79
81
81
81
81%
40%
39%
39%
9%
40
40
40
40
71%
70 %
50
6
*46
37%
8,500
94%
2,200
34%
800
Alpha
6%
900
Amalgam Leather Co Inc
6% conv preferred
*34
5/8
*63/4
50
82
2,200
94%
943/4
35
6%
81%
39%
*46
353/a
100%
*46
82
50
83%
83%
1,200
Allied
Inc
Allis-Chalmers
3%%
cum
Portland
Amerada
Cem
Petrol
24
59'A Jan
4
2
38
13
13
100
97 Vz Jan
24
17% Jan
16
169% Jan 22
18% Jan
175 % Jan
8
32% Jan
30
Jan
Jan
Jan
9%
9%
9
70%
71%
70%
29
28 3/e
*75
76%
14%
*133/4
45%
132
76
*75
*13%
44%
*132
48%
6%
6 3,8
943/4
95%
x93 %
*186%
49
186
48 34
*111
26
152%
21%
21%
22
39%
25
21%
223/4
21
*95% .96
2,200
35,400
2,500
2 8 3/s
28%
3,300
28
75
27%
75
*75
28%
76
*75
133/4
133/4
44
44%
132
130%
6 Va
94
93
47
253/a
*107%
25%
95%
26
2134
213/4
213/4
95%
-
95%
*95%
38
4
99%
Nov
38% Jan
7
30%
Nov
62% May
2
91% Nov
953/4 Nov
31% Jan
7
6% Jan
1
35
16
Jan
23
7% Jan
113
Jan
16
48
x75
Jan
13
13
25%
108 %
151
22
*21%
American
1,900
7%
810
American
22%
96
96
330
38%
tr.
.2,600
6
5%
153/4
18
17%
6
534
113
21
16
1734
112
112
16
173/4
53/8
113
193/4
«■**»'»
v?
17%
i'5%
20%
20%
100
100
99%
40
39%
40%
39%
99%
39%
*98
40
7Ve
7%
7%
7%
7
20,
7
7%
*49
51%
*49
33%
33
33
9%
9%
*100
*98
39%
21%
21%
7%
7%
49%
*49%
32
32 Va
32
32%
32
10
*9%
110
*100
*11
11%'
14
*13%
13%
257/8
26%
2434
25%
115Va
US'/a
110
11
*115
*100
110
7%
;
-^300.
4,500
10%
3,600
110
*100
32'%
*100
110
11
*10%
11
13%
*13%
13%
*13%
25 Va
253/a
25%.
26%
25%
115
3,500
50
10
•13%
117
300
32
*10%
*115
600
10
133/4
25%
117
5,000
.
32%
9%
11
*13%
25
9%
r~
40%.
7%
49%4
9%
/
100
*39%
4934
9%
4,300
1,600
-
22
100
40
2,000
-
112
33%
*100
18
6
112
100
*39%
7
n
115
13%
*115
American Export Lines Inc
Amer & Foreign Power$7 preferred
$7 2d preferred A
$6 preferred
American Hawaiian SS Co
American Hide & Leather
6%
Monday
Tuesday
Wednesday
Jan.1H
Jan. 20
Jan .22
Jan.23
$ per share
25%
2434
25%
101
101
25 Va
24%
101
*100
*100
6%
non-cum
13%
1003/4
13%
1334
13%
14%
14%
*14%
29%
293/4
29%
*134
137
29 y4
135
29%
*134
133/a
13%
13 Va
36
36%
353/a
13
13%
105%
15%
15%
14%
20%
21%
35
168%
American
Invest
American
305%
105%
14%
14Va
37%
36%
154%
*153%
33%
*23
34%
26 3/4
*26%
7%
preferred
:
156%
203/4
*35
166%
36%
36%
*153
4334
*144%
52%
*27
43%
146
144%
79%
53
53%
106
*105
9%
38%
65
38 Va
48
109
109
4734
.47%
17%
38%
5%
4%
'
5
48
163/4
*15
*
5
'
36
-
"35%'
For-footnotes
see
35%
page
551
35%
280
36%
*152
800
154%
33%
6,400
1,400
non-cum
Amer
Stove
145
600
53
200
523/4
523/4
120%
*116%
I6V4
15%
105
105 %
29%
106
'•
-i
29%
523/4
120%
523/4
♦116%
16%
16
*105
145
*51%
172%
172 >
79%
793A
'
54
81
5,000
156
390
53%
54%
120%
*116%
120 y8
16%
163/4
173/0
106
106
:.
29%
97
97
97
98%
30%
98%
82
*81%
82%
*81
82
82
82
.
38%
j
38
49
49
46%
,*110
..
*48
S
17;
16
16%
*15
'
V
37%
*47 ' "
■;
46%
111
*110
48%
16
35%
36
5%*
29%
9%
9%
€7
*66
383%
49'
46%
111
38%
■
*47
46%
-
9%
:
14,000
:
-17%
Oct
Sep
97%
Dec
20
^.;,3^,Jaii
13 k
46
Jan
6
*
,
<JrfjfcM}■
Jan 15 ?
/ 6% Jan
7, £
1
15% Jan
,
/
—40
No par
No par
No par
110
16% Jan 24
19% Jan
9
Jan
14
6% Jan
140
♦110
483/i
1,800
2,400
60
*15
16
115% Jan
16
6
17% Nov,^
5% Oct;#
100
Sep
Jan
6
16
100/
Jan
3
90
13
40
Jan
3
37%
_1 •,#...
13
.
23
x34% Jan
10
8% Jan
16
10% Jan
18
24
106
Jan
4
10% Jan
14
—_1
12% Jan
2
24% Jan
13
115
Jan
7% Jan 24
6
15
106
Jan
Jan
27% Jan
7
116
Jan
Oct
93/4
/-*5; * / 5%
•5
.36
36%
5%
37
Jan
12%
.v
Jan
63
Jan
35%
•
Nov
18% Mar
118
Sep
May
163/8
Jun
11% Mar
15y2-Jun
227/8
44 y2
111
9
Range Since January 1
Lowest
Highest
I per share
Nopar
24% Jan
100
100
Nov
Sep
Jan
119
Co
Jan
$ per share
23
28
Jan
May
101
Jan
15
31% Jan
Jan
13% Jan
11
9
13.
35
Jan
22
113/4 Jan
13
Jan
13
114
102
Jan
14
Jan
13
176
Jan
21
16
32% Jan 16
104 V4 Jan 24
100
—5
133/4 Jan
19% Jan
136
38
Jan
Jun
11
110% Jan 23
16% Jan
1053/4 Jan
July
17% July
Sep
60
lOVa Sep
97%; Jan
88% Jan
23
X173%
95%
Jun
Aug
123% Aug
23
Feb
186
Nov
27% Jan
7
Apr
22 y2
133 %
12% Nov
6
176
Jan 21
36% Jan
6
163
Oct
34%
23
Jan
Feb
42% .Aug
108 % July
Feb
15
Jan
2
143/8
Dec
16
22 y2 Jan
6
19
Sep
33%
Feb
36
Jan
8
33
Sep
52
;
Apr
60
Jan
10
45%
Sep
733/4
Jan
169% Jan
6
2
36
Jan
3
37
Jan
15
158
13
35
Jan
Jan
22
No par
26% Jan
16
100
40% Jan
15
x45
3
146
160
.
Jan
142% Jan
20
*
Oct
273/4 Jan
172
27% Nov
25% Dec
24
Apr
50%
' Jan
43
Oct
Feb
Apr
50y8
Sep
38 %
29% Jan
Aug
191
34% Dec
Jan
30% Jan
165'
Jan
155
26
Jun
43%
Oct
1333/4 Dec
6
14% Jan
122
100
Co
Jun
25 y4
16
34% Jan 14
52% Jan 16
165% Jan
451/4 Mar
106 y4
233/a
10
Jan
Oct
Nov
123/4 NOV
10
12% Jan
....^,..10
21%
98
7
134
Highest
f per share
"
15% Jan
16
Year 1946
$ per share
6
14
29 Va Jan
1
Refining
-
Lowest
13% Jan 21
Nopar
Nopar
Feb
May
38% July
Jan
11
138
48
Jan
6
52% Jan
20
Sep
47% Jan
Amer Telep & Teleg Co—..100
170
Jan
16
173 Vi Jan
10
1593,4 Nov
200%
Jan
21
82y4Jan
4
.1.—
Sumatra
American
Tobacco
Tobacco
25
78;
Common class B..,.—25
6% preferred
100
American
Viscose
5%
preferred
Am Water WJcs
$6
Corp...M.M.—14
79% Jan 22
153
Jan
3
x52
Jan
16
1167/s Jan
9
—100
No par
14% Jan
13
1st' preferred!.—,—..No par
103% Jan
4
26 y2 Jan
16
American
&
Elec—
Woolen
No par
__.100
prior preference-.
Nopar
Amer Zinc Lead & Smelt——
1
prior
Anaconda
conv
preferred.——25
Copper Mining
50
Anaconda Wire & Cable
Nopar
Anchor Hock Glass Corp—..12.50
$4 preferred
—...No par
Anderson, Clayton & Co—,—21%
Anderson-Prlchard Oil Corp
10
—
Andes
500
A P W
1,900
May
55%
.
Oct
313/4 Dec
8% Sep
99%' Jan
18
129 V\ May
44 Va Apr
118
Scr
Sep
44%
2
14
-
Aug
,14% Jan
< Oct
5%
•
4
11% Jan
23% Jun<
28%
V;.
Nopar
Preferred
Am
100
"
Jan
Jun
July
11%. Feb
<
.
6
*
19
Jan
96% Jan
'
100
Preferred
21,900
Apr
,108
< -75-
<&■; Sep •J;
* 38% Jan
No par
10
13
Jan -16
i-S'/aJan
Conv
2,800
Feb
Jun
32 y2
<
'41%, NOV;
7
Jan
Range for Previous
Stores
300
800
48
37
34 y4
24
407/s
"150
58 y4 Feb
158 c Apr-
$5
17%/ 17%
16
-
46%
111'
48
American
400
/
49
17%
*15
400
u
39%
48
.
24,800
69
17%
17;
&
*4%
:
9%
*66
,
37%
48
35%
93/8
69
46%
•
5%.
9%
*66
30%
3,000
106
29%
,
2,700
801/4
*95
9%
14,900
»
155%
97
69
-
172%
79%
80%
164 y2
20%
Nopar
Nopar
144 Va
156
Sep
9
2
Foundries—
Steel
Sugar
80
120
Jan
22 % Jan
6
100
American
155%
156
Jan
preferred
American
,
Sep
21% "Nov
98
...
6%
34
200
11;;./.
.r
•
400
80
104%
23% Jan
i-
132 % Mar
•
6
16
American Seating Co
No par
Amer Ship Building Co,—No
par
Amer Smelting & Refg
Nopar
u
Preferred
100
American Snuff
25
26%
110
15
9,300
,
Oct
18
22
STOCK
American Safety Razor
45
49
17
900
840
27%
78
96%
Jan
20% Jan
_100
American Rolling Mill
4%% conv preferred
26%
783/4
8
Jan
107% Jan
95% Jan
*
100
27%
53
26
106 V2
100
Nopar
Preferred
*-*43%
*51%
—10
Nopar
Nopar
Nopar
$5 preferred
Nopar
Am Rad & Stand San'y—JVo
par
273/8
171%
72 3/s May
13
Co
433/4
473/4
15
13,600
1
,
News
*43%
*47::
110.
48%
36%
150
210% Mar
42
?
14
Jan
Amer Power & Light com
$6 preferred
*27
156
375/a
490
American
433/4
*144
79
184
7
16
HI
—
27%
144%
of
Ltd—
6% preferred
American Molasses
26%
*46
17
-
;
18,900
Co
26
79%
*66
37
34
26%
Jan
20
100
& Metals
*43%
48 Va
*47
17%
260
553/4
168%
166%
cum
*27
1553/8
934
:
i
'
16
'
36
55
168%
3.90%
43%
26 VB
147
10
Nopar
Co
preferred
271%
801/4
28%
14%
154%
10
24
31% Jan
...
26%
48%*
*109
v
v
105
4
156V2
81%
,
69
*47
48%
•-
33%
783/4
•*105
•
*153
33%
78%
*93
9% J 9%v
47% '
*47%
t
*80
*36%
36
154%
1713/4
155/a
2934
*66
36
33%
*167
51%
5234
96
383/4
1 47
106
28%
9%
*153
33%
168
171%
*116
16%
96
#69
36%
154%
14
80
122 3/4
85
*166%
14%
156
157
15%
168
105 Va
53%
78
80%
80
*156
14%
105
144%
51%
*52
172%
79
105
171% 171%
52%
171
*116
<
15%
170
35
154%
..
2,100
46,100
35
56
26%
•,«
15
*176
35%
20%
26%
30%
153/8
176;,
54
43%
97%
110
35
53%
29%
500
21
1223/4
17
*96
1,700
37,300
543/a
53%
*105
143/a
35%
26 %
"
15%
34%
60
36 Ys
21
*11634
16 34
176
34%
8
Nopar
& Fdy
Metals
110
110%
Mach
Amer
120%
14
35%
26%
82%
156%
15%
176
3
Oct
Jan
191
•
17
Par
Amer
2,900
120%
14%
533/4
263/4
8034
108
36»/4
122
54%
43
8034
81%
108
Jan
Apr
Sep
17% Feb
X137
51% Jan
115% Jan
17
112
EXCHANGE
Mach
600
36
33Va
53%
120
Co
NEW YORK
Amer
13%
20%
33%
173
13%
120
110
136
13%
36%
36
27%
172 Va
36
35%
13%
*133
13%
20%
168%
333/8
*51
*13%
53%
20%
167
150
34%
13%
36
*36 %
*14.4%
14%
176
135
95% Jan
Jan
64%
May
5%
Jun
30
1
Oct
129
9
Locomotive
600
353/a
104% 10514%
143/4
*20%
21
,
*153%
43
15
34%
135
7
501 Jan
Corp__
2,900
30
56
*35
55
*106%
176
33%
1434
20 %
57
176
106%
105%
143/a
35%
55»/a
145/a
35
105
14%
168%
13%
*117%
178
105
1043/4
133/8
117%
34
„
35
13 Va
106
153/B
14%
35 Va
*13%
117%
*176
178
13Va
35%
117%
107%
*1153/4
35%
135
13%
118
*176
137
7% Jan
new—1
Shares
24%
1003/4
14%
1003/4
13%
295/8
106
V
*100
24%
29%
105 %
36
101
24%
14
*116%
*4%
101
24%
31
36%
36%
';* 15' "
101
24%
15
16
preferred
Internat
the Week
$ per share
14
14
*13%
;
24V4
t per share
30
137
*134
*66
25
133% Jan
50
preferred
American Home Products
American Ice
8ales for
Jan.24
14
30%
*80
1 per share
Friday
30%
*1334
!:
Iper
share
36%
STOCKS
Thursday
Jan.21
$ per share
8
,
Apr
74% Dec
45% Jun
88Va
Jan
46
6% Jan
49
Jan
conv
LOW AND HIGH SALE PRICES
Saturday
6
19%
■
12% Nov
3
' Jan
45% Jan
No par*
Amer
200
90'/a Jan
186
Nov
57% Nov'
7
16
23% Jan
Tiling
500
116%
5% Jan
107% Jan
;.
Encaustic
European Sees
7,800
-
Oct
41% Jan 13 *
130% Jan 22
IOO
;
-.
53% jun
Oct
72%
No par
100
26
25%
100
—
,
*10% - 11
7
7
13
Jan
9
r
Apr
-
American
900 .-Amer
-
*17%
5%
\f>
5%
4934
11%
117
20%
100
18
112
50%
14
*115Vs
39%
*110
400
16%
; Jan
77% Jan
14% Jan
Jan
No par
Colortype Co
American Crystal Sugar.
4%% prior preferred
Amer Distilling Co stamped
■ ■
5%
*
*49
51
9%
110
*1034
*98
.<"■
6%
16%
17%
5%
53/8
111%
20%
99%
21%
*16
,11334
-
20
•
*5%
16
173/4
5%«
*110%
'
6%
*5%
16%
173/4
5%
5%
113
6
*5%
16%
*15%
31
22
13
No par
Chicle
~
.
6
*5%
15%
16
75
25
Fdy
preferred
preferred
,
17%
25% Jan
1
&
American
38%
6
4
100
conv
1,900
39%
Jan
Jan
,
5%
Va
900
10
72
Corp
Am Chain & Cable Inc
10
,
37% Nov
16
14
100
Can
non-cum
91% May
8% Jan
No par
Preferred
Car
75
Sep
64%
40% Jan 24
12%/Apr'-
1
Co
Radio
&
Jan 1 4
39% May
Oct
•
.
July
Oct
•
67% Jan
Corp
Shoe
Cable
38
44
108
Sep
6%
83% Jan 24
Jan
10
preferred
American
200
1075/a
22
5%%
25 y
7
46
50
Bosch
Jan
633/8 May
94% Jan
1
preferred
Brake
Amer
220
2,600
96
38%
,4
3,200
483/4
25%
*
21%
95%
38%
95%
191
150%
151
21%
*21 Va
9,400
6%
110
6%
48%
1075/a
1493/4
38
213/4
130%
*111
1075/s
22
3,100
Am
943/4
108 Va
*21%
American
189
113
26
1,900
6%
95
154-
150
30
14
Jan
39
29% Sep
31s/8 Nov
100
American Bank Note
Aug;
29 V2
16
No par
pfd
conv
-
212 y4 jun
16
50
Airlines
cum
45
*129
47%
113
3%%
76
63/a
189%
47
114
108 %
155
22
94
*187%
47
*110
132
6%
94%
187%
187
46%
*130
6%
,
26
Oct
Dec
347/a Jan
Agricultural Chemical_No par
American
*44 Va
14
44%
6%
Amer
133/4
13S/8
44
373/4
38%
38%
9%
70%
25%
150
21%
9%
70%
28
113
*107%
151
21%
96%
38%
108%
151
223/4
*95%
25%
*107%
108%
150%
113
40%
93/a
715/8
186%
46%
113%
25%
*107%
223/4
188
46
403/4
9%
70%
14
6%
113%
253/4
23
135
188
*186
♦111
40%
9%
70%
45%
95
943/4
39%
9%
70%
9%
71
76
44
135
*132
6%
2734
14%
44
132
6%
!
28%
*75
14
44%
9%
'"
Jan
93% Jan
x[\i
28%
82
17% Oct
18
101
69% Jan
61% May
113
»July
Oct
18%
35% Jan 24
14
Oct
154
24
35
16
Jan
Oct
Aug
8% Jan
Sf Jan
9J.3/4
9
.
20
3
Jan
100
No par
1
Corp
29%
Mar
10J
Oct
523/4
Jan
12 % Feb
513/4 May
Nov
3%
97% Jan 24
20% Jan
9"
No par
100
pfd
37% Jan
46% Jan
Jan
40"A Jan
100
Mfg
conv
18
May
135
90% Dec
4% Jan
56
x50'
--
Sep
25
18 '
par
No par
—
3
5y
2
Jan
par
No par
Stores Corp
preferred
4%
31'A Jan
94
8
13
5
Co
Jan 13
Jan
No par
2,000
14,300
6
6
Jan
3% Jan
1
Dye
Jan
57/8 Jan
J 33
Co
363/4
373/4
36%
34
&
107
100
Industries Inc
34%
94%
1
preferred A
$2.50 prior conv preferred_No
Alghny Lud Stl Corp_.
—No
Alleg & West Ry 6% gtd
3434
36%
92
Jan 24
15
< 25
6
-37
10
Jan
;
5j/2%
343/4
35
Jan
5
t 4%% preferred
Kid
100%
105
100
common
9y« Jan
337/e Jan 16
—10
Min
,
8% Jan 16
,——5
Alaska Juneau Gold
Chemical
34%
Feb
Oct
Allied
100%
May
19
Feb
Allied
33%
16
169
Nov
13%
800
*100%
Jan
Dec
Oct
3
97/8 Jan 24
30%
1,700
33%
45
16
2
20
100 34
8% Jan
:; 91
l053/4
__
--10
Highest
t per share.
Apr
6
172
32
61%
16% Jan
20
*100%
7
48% Jan
195/a
32%
87'A Jarl
•
19%
100%
77% Jan 14
<
$ per share
14Va Jan 16 4
19%
313/8
t per share-
1
19%
100%
;
——
19%
32%
par
2.50
Co—.—
Express
19%
100%
i per share
Straus—.No par
Steel
Year 1946
•
Lowesk<:.:'..\<;:Y::.Hifhesk/4;< £ Lowest*.
Adams-Milla Corp--—..JVnpar-
•
53/4 "
*93
36
Acme
1,200 <'
12,700 *
37
&
ACF-Brill Motors Co_
Adams
200
•
9
:<5%
;
.
2,900
26
*97%
34%
6%
900
-
34%
*104
53/a
'
v
-
48%
36%
108
5%
16
0!
Range for Previous
Range*Since January 1
r,
Abbott Laboratories, com.i—J7o
■
951/a
33
6%
47i/4\
r
Par
4,500
'
,
V
1
■
EXCHANGE,'
Abraham
347/a
'
"
1
NEW YORK. STOCK.-:
105
48%
:
'
''
•
1,800
97/b ^
9%
UL
'Shorn
8O1/2
15%
35%
35%
'cV
48%
*8%
*104
Sale* for.*
the Week1-•.
•
*46%
15%
J..',",
i,.
,•
,,
>
9%
9%
*34%
108u
94%
6%
105
•42
361/4
'
I
Friday.
Jan>24
<
80%
*90
.'46%
:
'
-i
$ per share.
-•-15%
''<■•■
: 15%
49
/-
9V*
y
34%
34%
••a8% eg/-'.
-
108
353/4
193/s
317/B
<15%
:l
35%
4
37
173
*100
>•
1
81
*90
.9
46
:> :
r
9
*93
19%
34%
•
5J/B
58
19%
100%
•
43%
172%
193%
35
*100
5'A
101
*173/4
15%
9
4%
*97
18%
:
*104
27
42%
101
79%
105
.9
i:!
51 '■
35%
95 J/2
35%
433/4
*97
*34
?■■■
35%
4
36%
*151/4
.
108
27
94
81
*90
9
46
'<*45
■
5'/e
94
:
g_>
*104
5%
353/4
57%
'
>
Jan;23
•
9
35%
110
5 J/8
.
$ per share
'
52
9 J/2
*80
'•
:
105
8%
46
47.
15%
35%
'
'
>>
Thursday.
Jan. 22,
I per share
82%
*90
49%
♦34
82
A
8% < "-9/-V.
:.47
?
i pet share
:■
82
9'A
,<47./-
Wednesday
Jan, St
tver share
*90
•
105
47
Tuesday
#/
Jan. 20
;
82
*98:
"
LOW AND HIGH SALE PRICES
I pelt share
82
I
Copper Mining
Products Co
20
Inc
—5
Archer-Daniels-Mldland
No par
14
84
73
67
Oct
l
76% Oct
Jan
1573/4 Jan
150
48%
y4 Apr
Jun
99% May
lOO'A May
174
July
Sep
Oct
78
May
Jan
1163/4
Sep
121
/Jun
17% Jan
13%
Oct
28 3/4
102%
58 V2 Jan
118
106
Jan 24
Jun
2
29%
Sep
Jan
110%
343/4 Jan
703/4
Jun
Jan
7
100 Va
Dec
182%
Jun
102
,93
Jan
80
Jan
9
Jan
13
10% Jan
6
68
Jan
14
68
Jan
14
15
]
87 y2 Jan
7
v.
87%
105 %
Dec
Feb
Nov
~
7
Sep
64
Dec
15% Jan
"
37% Jan 22
45% Jan
4Q% Jan
2
35
49
Jan
22
51
Jan
4
38
Jan, 21
108
109
Jan:
2
16
Jan
13
15
Jan
9
47/8 Jan 20
33% Jan
13
111
50
Jan
17% Jan
3
6 J
15% Jan 13
5% Jan
38
Jan
6
4
90
51%
j
41 ..Sep
15
46% Jan 22
•46% Jan 16
Oct
*
133/4
4V2
Nov
*
<
Sep
26% Mar
Feb
60% Jan
62% May
xll4% Mar
Sep
Dec
43% Jan
15% Oct
May
x64% July
27% May
243/a
/
Feb
103/4
Feb
41 % Dec
•.
.hninflwimwii
Monday; January-27; 1947.
COMMERGIAK &-FINANCIAL GHRONICLE
THE
-
-
•
■
'
■
'
-f
■
NEW YORK STOCK RECORD
?f??
■■
Monday
Jan.29
Jan. 18
13%
14
129%
14%
13%
129
*127
156
*151%
*151%
18%
15/
14%
*17%
15
130
125
50%
94
*123%
*45%
93
130
124
*45%
oova
93y»
90
106 y4
106%
•
26%
26%
*60
35
'
108%
28 ¥2
700
68
100
*63
*102
"
:
2,600
\
220
109%
109
1031/2
102
103%
2,700
34¥4
33%,
'-
23
23%
23%
4,100
61V*
60%
60%
60 3/4
603/4
*115%
*115%
117%
115%
1151/2
27%
*25 %
27%
115%
*25%
27%
1C%
10%
*10%
10%;
26%
22%
6%
25%
25%
24%
25%
25%
.22%
6%
22%;
*21%
22%
*21%
6%
6%
6%
6%
44%
44 %
*44%
20%
15
20%:
-j
6%
44%
45
20%
21%
20%
14%
14%
.14%
:
14
,*13
*62
64
9,800
45
20%
20%
20%
20%
20%
21
14%
14%
14%
14%
14%
14%
14%
21%
21
21%
21%
221/4
22
13%
13%
66
64
*64
52
52
'
66
52
52
52%
52%
52
52¥2
1,900
25
25
25%
25¥2
25%
25 ¥2
1,300
Barker Brothers
25
.
*64
52
51%
*24%
*50%
25
*50
52
4,500
51%
13%
90
22%
23 ¥2
23%
18%
18%
18%
18%
18%
183/4
19¥a
18%
18%
19
17%
22%
"18%
23
.22%
21%:
20%
2T
20%
21
20%
20%
20%
20%
*21% >22
53%
53%
*108% 110
106
106
10%
10%
21 ¥4
f
39
*37
*
*115
'
15%
22
37%
36%
27%
27%
; 27%
.
*99
102
*99
102;
>
34%
34%
24
23%
92%
91%
*1^6/
|?i
149
J
*57;
58
44
•
v
.
19%
18%
29%
35
18%
33%
18%
100%
100%
-
*107
'
:
8
17
*24%
42%
42%
441/2-
45%
46%
5,800
42
*99
1001/2
*98%
6
10 ¥4
Nov
25%
17 ¥2 Jan
9
16%
Sep
23% July
27% Jan
9
18*
Nov
373/4
Jan
323/t Aug
Jan
6
Oct
6¥a
Nov
14 3/8
Feb
Oct
83%
Feb
Jan
6
45% Jan
7
Jun
15%
2
.25 ¥2 Jan
41
¥2 Nov
38%
Oct
30 ¥4
18 ¥2
Oct
47(4
12%
Oct
Jan
66
Sep
88 ¥2
!55% Jan
36%
Apr
•64% Aug
Jan
25 %
Dec
Oct
Sep
41 ¥2
48¥2
211 •
.393/4
14
13
66%
51*
Jan
17
21% Jan
13
26
Jan
16
54¥4 Jan
21% Jan
16
24% Jan
52 '
-
24
18 ¥4
23
' Jan
6
21 ¥8'
■62
Jan
-2
46
-108'¥2 Jan
105:
Jan
9vb Jan
6
110
Jan
22
Vst Sep
111
Nov
7
107
Jan
21
104
Feb
16
12
Jan
2
U
Nov
Jan
8
37
Jan
8
37
^_20
l9Va Jan
16
28 3/4 May
Jan
6
15 ¥2
Nov
35%
'24% Jan
2
16%
Oct
Jan
9
Jan
6
Jan
2
18%.
105"
38
21
28%
58;
'7
Sep
36»4 May
Dec
112V2 Aug
23
963/4
35% jan
21
29% Nov
6
9
85%: Nov
143
Jan
11
Jan
31% July
1143/4 July
Jan
26¥4'
60
3
Jan
148
May
52 ¥3
Feb
22
93% Jan
13
21% Jan
Jan
Oct
101 ¥2 Jan
39% Jan .16
Apr
Jan
28%
24%
.
8
30¥2* Jan
145 '
.
Jan
37112
Dec
102
13
100% Jan ■
^100
Jun
Oct
16
*L-
Jan
15
33% Jan -13
•
Apr
43
142
7
23
:Jan
30%
Oct
Oct
30 ¥a
14
Jan
27
118% Jply
110Mar
,
Jan
15 Va Jan
.No par
Nov
May
16% Jan
116
20% Ja«n
^5
Feb
24%
,73
17
15¥4Jan
103
Jun
May
May
101
Jan >21
115'
,
Jun
31
Oct
=16
51
May
57
Dec
21
Jan
173/a Jan
201/2 Jan
'
Jan
Jan
13
Jan
>
-
Jan
30
60
il
—
Jan
12% Jan
5%
5%
53/8
5 ¥2
500
36%
36 34
36%
36¥2
373%
700
10%
10%
ioy4
lOVa
10 ¥2 r 10%
5,300
*94%
.
51/2
•
•
*941/4
98
27:
27%
-
27%
■
95
95
16%
16%
,35%
36%
-!
''•273/4
273/4
50
Mar
168
Dec
24
271/a
27%
35
35
*102
104
*103
104
*24
25
-
16%
16%
*121%
123%
*121 ¥2
1231/2
12%
12%
127/e
12%
13¥s
74%
74
74
74
741/4
28%
9Q
*100% 102
100%; 100%
1007/8
20
20%'
20
20
32%
32%
32%
32¥2
18%
18%
32%
18%
100%
*93
:
*86;
*22%:
22%
*107%
108
5
5%
5- !■
:
"•
100 ¥2
92%
94%'
7-
•
98
98
• '
98
*24;'
25%
24
;
87
;
*107 ¥2
*81
84
87
120
..6 %
_
85
87%
,
87
¥2
1
22%
22%
22%
5¥8
17 »/a
1,400
98
25
-
97
97
97%
97 ¥2
*233/4
60
;
42 ¥2
Sep
47 ¥2 Jan
36
Nov
Jan
99
Dec
61%
Jun
IO734 Aug
■43/4
Sep
IP/a
Jan
5%'Jan
2
37 ¥2 Jan
20
30 ¥2
Dec
35 Va
Dec
16
12% 8an
6
12
Dec
34%
Jan
Jan
24
96
Jan
3
72
Jan
95
18
Feb
53%
Jan
Oct
42%
Jun
14% Jan
3
33
Jan
3
36% Jan
24
13% Sep
30 ¥4 Oct
26 ¥a Jan
14
28 ¥4 Jan
24
23,
Jan
14
63
Jan
10
107
Jan
22
50
15!
105
7
Jan
2
16
17% Jan
Jan
2
122 ¥2 Jan
11V2 Jan
13
13% Jan
15% Jan
120
72% Jan
45% May
110% Mar
20 ¥4
38 Va
Oct
14
Sep
120
Apr
25% May
1301
Jan
Feb
22%
9% Oct
70 Va
76 ¥2 Jan
15
Apr
Sep
Oct
103
24
25 ¥2 Jan
103
May
Apr
38%
Oct
31 ¥2
.
.16
Jan ,14
23 ¥1 Jan
70
115
25
8
36¥4 Jan
16
Jan
:
Jan
.28
Jan
26
;
Jan
Nov
35 ¥2
2
106% Jan
Dec
20%
17 ¥# Jan
99
Oct
Jun
Jun
¥4
Oct
45 ¥4
Jan
96 ¥4
Dec
108 ¥4
Feb
Mar
22
23 ¥4 Jan
18 ¥2
Nov
46%
Jun
16
36¥a Jan
19 ¥4 Jan
33 V
No\(
59% May
17% Jan 16
16 ¥a
Oct
26% July
95 ¥2 Jan
2
100 ¥2 Jan
89 ¥2 Jan
94 ¥4 Jan
15
21
95% Dpc
84%; Dec
119% May
Jan
3
16
95 ¥2 Jan
6
97
102% Aug
13% Jan
16
15% Jan
9
14
Jan
6
,Jan 22
7%-Jan
7
28
Jan
Jan
' 7
20
Jan
31% Jan
101
•
—1
100
.100
100!
■
95:
par
!
-
6 Va,Jan
•
79
-
.
22
108 ¥2 Jan
15 ¥4 Jan
Jan
97
23 ¥4 Jan
15
Jan
Jan
Apr
May
91/2
Jan
Feb
35%
Oct
112% July
40
19%> Nov
25¥4,Jan
13'
Jim
3914 May
110 " May
Oct
99
18% Jan
23
98
Sep
"4%: Oct
;
5 ¥2,Jan
104;
Oct
*
105
'
16
100
203/4 Nov
23 ¥2 Jan
13
4% Jan IT
Jan
107
15%
Dec
75
-
Mar
2134
Nov
6% Nov
75
22
111
Dec
13-
Jan
88
13
21 ¥4 Jan
:-10
-
81 ¥2 Jan
.
86
25
29'¥8 Jan
22
991
pdeferr;ed__100
common
99
69 ¥4
48 ¥4 May
5734 Apr
11
Byron Jackson CO———,—No par
700
241/2
24 ¥2-
49% Jan
3
11
Apr
July
Oct
Nov
9%'Jan
% -preferred' —
100
Butte Copper Si Zlncii—
.2.-5:;
Byers Co. (A M)_
—No par '
Participating preferred—.,
,100
1,900
16%
*5
5
27 ¥2
Jan
•
95
4 ¥2
•
J an
4% Jan
—l'
100,
—
preferred
Butler Bros
30
17%.
5
.4..*
Bush Term Bldg. 1%.
70
2,400
,
109
*107V2
109
Bush
Terminal
Jan
32
Mar
112
34 Va Jan
—5
9,000
.
67
35
73%. Jan
Sep
13
Jun
-•
18%'Aug
Oct
Jan
Jan
98
No par
preferred
conv 2nd preferred
3Vi% preferred
Burroughs Adding Mach-2—No
71/8
Jan
Jan
43
1
100
1,100
14%
*7.
55
Jun
58
66 ¥2 May
Dec
116
Feb
33 ¥4
5
Nov
16
40% Jan -23
'-
:100
3¥2%
200
29"-
No par
No par
inc.;—--:
"18
Jan
22% Jan
36
;
Apr
May
30%
37¥2 Sep
1# Sep
Jan 21
63^
.—5
pfd
€
Jan 22
102
4%
190
17%
5
*24%
-
•
7¥s
48% Jan
107
No,par1
BUrlington Mills Corp com-
8,500
,
94
14%
14%'
"
22%
22%
109
*97
24%
*81
17
'
7
-
*92
94
14%
-
88?
17-
:
*92
81%
*4%
5
-
14%
22%
16%
.
94%
*107%
16%
Bulova Watch Co
1
19%
IOOI/2
9 4 ¥4
89
88%
22%
17
17'
193/4
1001%
*92¥2
81%
84
109
:
193/4
100 ¥2
94%
■»$ %
;
7-
7 4
*81
?
183/s
100%
14%
14%
"3,100
500
33
*92%
95
:
14%
-
Buffalo Forge Co
Buff Niag El Cdrp $3.60
Bullard Co
.2,400
10.21/4
*32 5/a
300
(
*93;
94%
(The) Co common$5 preferred 1
—
400
,30
20% ;. 20%
21
18%
BUdd
6
Jan
3
35
Bucyrus-Erie Co—
1% preferred „—1—
24,000
,
—-
461
'24 ¥2 Jan
16
No par
—
Nov
15¥4 'Oct
18% Oct
10
Jan
17% Jan
15
Inc: com—1
$3.60 preferred
4,700
751/2
.
*1011%
1007/8
32%;
88%
'
74%
*281/4
OQv
-
20%
94%
13 1/8
12 3/4
Co
Bruns-Balke-Collender,
■
.
*100%: 100%
1,000
16% ; 16 ¥2
*121¥2 1231/2
16%
16%
90
25
24%
'
122%
30
103
103
241/2
24%
Shoe
Brown
300
35¥2
♦343/a
Brooklyn Union Gas_„——No par
1,900
83¥4
31
17 ¥2 Jan
: Jan
35
2.50
_i00
2
3%% preferred
Nov
6
'6
•'46
-13
36
•
53
Jan
,19% Jan
18¥2 Jan 23
42 ¥2 Jan
'
•
-36
20% Jan 13
4—t
.Co—^—4—1
conv
BriStol-Myers Co common.
110
.
28
27%,
16%
,
3,200
107
*121%
74
9,300
3,200
50
107
16%
12%
6,400
28¥4
51
107
35
*34%
25
*28%"
100
97
51
*106 ¥2
\
27%
27
27%
102%
25.
107
107
35-
102%
271/4
•
27%
51
50%
51
107%
35 "-
•
1001/4
-
No par
—
'
'
'
•
¥a
45
■
10%
97.'
*107'
7
108
25%
30 ¥4
403/e
v
36 ¥4
14%
*22%
'98 '
293/s
7,400
9,100
5%
*97%'
*961*
40
311/2
35'4?
81
*86
23
108
-5%
17
64%
30
35%
95 ?
.
•6%
88
*64
34%
'
84
64¥4
34%
■
50
110
*108
109
631%
64%
34%
18%
81
22%
*107
109
'
16%..,
94%
•
*86
600
16%
100%
•
*93
*81
4,000
32%
"'4 14 %
.6%
19%
50 ¥2
21%
*93
95
6%
Jun
11 ¥2 Jan
(Del)—j— _No par
Steel
.(E W)
$2.25
60
19
16%
12%
■*18%
'14%
80n
36
16%
25
32%-
f 93
17%
*33
r.
16%
102%
•
*100-
*161/2
36;.
16
27%
35
,21%
22%
32%
17
45;
35
12
22%
•
Jan
135
11
preferred—
No par
Bliss & Laughlin Inc——L—2.50
Blooiningdale Brothers —-—No-par
Boeing Airplane COi—
^-5
Bohn Aluminum & Brass—
—_5
Bon Ami Co class Ai._:
No par
Class B
—No par
Bond Stores Inc common^
—1
Bordeh Co (The)s —fc-i.
-4-15
Bcirg-Warher Corp-^—
1
45
3%% cum preferred
100
Boston Si Maine RR (assehted)JlOO
Bower Roller Bearihg. Co. new-j__5'
Braniff Airways Inc;
_J
2.50
Brewing Corp of America
15
Bridgeport Brass Co,^
No par
Briggs Manufacturing—No par
Briggs & Stratton:
No par
500
36%
:
5%
*94%
74%
74%
29% 29%
100% 100 ¥2-
/
Bliss
45
37
*5
16% - 16%
*121% 123%-
73%
2,500
-
*44%
16%
*34%
*102
30
14%-
Apr
973/4
Nov
X533/4
■
40% Aug
13
221%
22 ¥4
"■
50 ¥2
100%
,,*24%
101
93
4;
Sep
17¥a Jan
I81/2
191/4
*98%
100%
50%
102%
*93
22 ¥2
.2
Jan
Jun
May
343/a
Oct
25
Co_t——--—No par
221%
-'1
49
45%
>27%
1
>
63
.
n
18%
41%.
27%
16%
16%
*121% 123%
12%
13
???
110-
22
22'4-
29%
27%
.25
101
——
Blaw-Khox
18%
41
27%
i 35
73%
130%
Dec
23
3,500
49
45%
•••50%
52
*106'/a 107%
27%
*27%
Nov
114
53!y2 Jan
18%
49
29,%
334fv2
107%
25
Nov
100
10
34% Jan
18%
19%
107
10%
27%-
*102
31
105
3
.24% Jan
17% Jan
700
.
45%,
37%
35%'
•
6
i7
28
Bigelow^Sanford/Carp/ Inc—No par-
1.100
18%
29%
16%
-51%
'
i._.
Birmingham Electric Co
17%
341/2
.
42%
'
27
51 % May
37% Jan
112 .'Jan
103 V2 Jan
Black & Decker/Mfg Coi-—No par
900
60
£
49
••'
*63
*98%
.
173/4"
34%
¥2"
18
17
*33¥2
44%
5%
60
59
17
63
63-
*35%
17%
*106%
Jun
May
94
.27% Jan
.50
preferred^—i—i—i-
7%
150
*148
35
*3m
37
111
*109
10%; 10%
*94% 98
,
99
27%
Bethlehem
10,600
92%
91%
92%
151
493/4 May
17
-i_, .—^—1
C6.
&
Dec
15% Jan
pfd $3.25 ser of 1946 .Nopar
Cum
263/4
68'V Dec
10>
1 Jan
'
23'
—
Best Foods
44%
18%
50%
*49.
•
,
41%
37
11
51
2,800
*33
44%
;
'■29%
*5
36%
35
22%
*16l/4
>
37
99
*98 v
99
16%
22 3/4
*44
46%
43''
45%,
:; 5
*95
23
18%
43%
29%
47%
10%
Best
22%
64%
29%
64%
43%
,36%
4,400
.91%
18%
43
18%
111:
*109
64%
5
100
34
34%
34%
-
n,
49%
*98
102
*100
83
115 ¥2 Jan
—4—1
Beneficial^ Indus Loan
2,100
27%
27%
33%
*147
2^/8
*33
19
49%
-
*16%
.
50%
46%
5,700
29% May
Sep
21% Jan
-l— .—4-10a
L —4100
4 ¥4 % preferred—
Bendix Aviation.—.i
<
363/4
34%
91%
149%
18
43
43%
--37;
19
v
106%
Oct
4V
29 ¥2 Jan
;67
Jan .22/
Jun
13
45 -
:
6
Nov
.No par
Corp—*
Howell CtiLl
&
Jan
13
——.
Packing Co——
Aircraft
i
27%
22%
22%
17%
*16%/ 17
113
35
*22-
50%
29%
Bell
1011/2
23
34%
-
111
Bell
700
27¥a
18
22;
*35-'
35 '
•63
23'
91
4,300
36%
363/4
59
18%
:
21%
i 43 %
«
.17%
35
23%
*146%
16'/a
99
52
13
100!
preferred-
Belding-Hfeminway———
x32%
35%
90%
35-
18
19
44
34%
149%
Beech-Nut
15%
*105
18-
Jan 15 /
13
No par *
-_25
Creek RR__—_—
101%
35%
58%
-
35
23%'
17%
35%
166
16
.
106 3/s
*104¥4
102
*99
102
Beech
22
16
22
27%
27%
27%
£
15¥a
22
1.7 ¥a Jan
1
Beech Aircraft Corp
900
*15%
15%
125
107
Jan
5
4%t%
Shoe
Bfeck.
1,900
115
15%
*104% 106%
36%
36
36
90%
,
*111
15%
*21
*146%
*146 ?. 149%
-35%
18%
-:
116
„
Aug
May
Oct
•
'3%% 'cum conv pfd-—-— .—100'
10
90
40
99
15%
.
99
34%;
23%
"
24/
*38
58
121
100
.
.
60
35%
16
15%
15%
15%
•
27
90%; 91%
,
*110
*99
•
34'%* 351
24
120
35%
36%
27%
36
*110
39
*38
*104% 106%
*104% .-106%
106%
40
'
22
21%
..i
*37
15%
-15%
•
15%
16%' 16%
21%
16%
40
Sep
Oct
15"
10:
Cigars Iric ne.w_J
Beatrice Foods Co J
&
600
1
May
18% Jan
Bath Tjon Works Corp
10 i/s
10
10 ¥a
10
10%
9%
IO71/2
Dec
125
Jun
May
148
Jan
100
Bavuk
110 ¥2
*106%
106%
115
*37
; 115
15%
15%
22
.
118
107%
323/s
153
-
46%
—50;
2,300
:
*51
*109
106%
*109
110
Dec
124 ¥2
13
.——10
2,100
'
53
511/2
1101/2
51%
51
51
*106%
10%
10%
,
'
119
110%
107
23
23
22%
22%
,
51
.
105%
10%
40?
10%
120
*104%
51
.
*1034
110%
•
*105% 107
16%
',
52
52
*103
'
,
22 %j
22%
4
13
78
.—50
preferred—
AV2%
52
*50
52
*50
100
66
*64
67
*64
13 ¥2
*13%
13%
*13
2
Jan
18% Jan
Barnsdall Oil Co
>
Nov
18% Jan
23'/2Jan.l3
20% Jan 16
6% Jan
3
43
Jan 13
.
13;
4%
6,700
17
Feb
Aug
100
preferred—
Bangor & Aroostook
Conv 5%
preferredBarber Asphalt CoDp
223/s
30
*
100
Ohio
&
Baltimore
36% May
Oct
2
No par
Works..
Baldwin. Locomotive
7,000
24,500
Dec
12
9 % Jan 16
16% Jan 22
„
5C
of-Amer—5
(The)—*__3;
preferred.
No par
$2.25 conv
1,000
•
20
'
18%
7
133
58% Jan 13
115
Jan ,15
27 > Jan 10 ".
-100
($1.20)
4'
Jan
112%
Nov
102
3
Nichols———No par
pfd
Jan
16
32% Jan 13',
Autocar Co
Automatic Canteen;Co
Aviation <Corp of Dei
3,500
4,900
6¥2
19%
>
24%
25¥2
6%
441/2
f
*bo%
271/2
25
6 ¥2
44%
52
52
27
24¥»
44%
62
25
27
19
.
j-.No par
Conv prior
15
6
25
preferred
conv
Jan
42%
Jan
62
/
Tack Corp—i——1—No par
Austin
6%
44%
*13-,
25
200
22%
105
22V2 Jan 16
-100
7
Jan
5
4%
26%
May
Jan
Jan 13-;
Jan 16
25% Jan 17 V.
10/
Atlas Powder
1,800
171/4
44%
13%
*51,
107/s
*16%
443/4
*
'
53
*10%
14%
21%
21
22
*13
107/s
Jun
65
IO7V2 Jan ;15
xl02
Jan
2
27%
*25%
172
Sep
P5
¥2 Jan
-100,
100
Atlas
17 y4
10%
*16
16%
100
'
27%
*25%
11
16%
17'
*16%
17
115%
117%
139
Oct
10
46
Atlantic Refining
'
j.
4% conv pref series-■ A-j.
3.60%' preferred series B
Atlas Corp
40
115%
•
Sep
125
Jan
P9
No par
1:
380
60%
26 ?
*36%
*H5
"
120
22%
17%
v
'
July
112
161t
130
AT P Inc
—-a
Atlantic Coast Line RRi.
Atl G & W I SS Lines. —5% non-cum preferred-
'
109
109
103%
*102"
103%
341/4.
■
50%
28¥2
700
6,000
Sep
130% Jan 24
Jan 13
88105%
14%
47
'
.
60%
.23
52%
34
501/4.'
28
*62%
67"
;':r34',."■'" 34%
'
108%
50%
501/4
*26
62
•62
63'
34% /
16%
23%
*25%
21%
49
16%
60-
'*16%
•
17:
49%
' 27%"
16%
107
107
106
106%
16Va
92%
91%
*22%
:/;io%
:
92%
91
10%
6
18% May
Jan 23
46 Va Jan
3
400'/
Atch Topeka & Santa Fe~
5%
preferred——
_i
5,400
92 ¥2
IO6I/2
14% Jan
$ per share
S per share
$ per share
123'
No par
Investment1 Co
Assoc
:
50 ¥2
92
61
27%
v
125
*45%
23
'10%
22%
6%'
124
50%
115%
116%
17%'
124
*45%
61
10%
26
123%
22%
*25%
.
126 ¥2
23%
61
61
>
*115%
16%
126 %
*26,
107%
103%
103
17
18%
.16%
49%.
26%
107%
23
23%
23%
16%
./V>":63
34%
68
102%
104
♦103
105%
16%
49
26%
14%
143/4
15
127%
106
105%
•
17V2.
16%
129
v
91
35
"
•
34%
108
*107% 108
50%
108
*60
69
35
501
26%
49%
.49%/'50%'
26%-
%•
16% v 17
105
*17Va-
18%
*45%, 50 Va
*123% 125
50%
49'%
Highest1
Lowest
Highest
12% Jan 16
127 • Jan 21
150
Jan 16
48
Jan 22
104
Jan 6
16 ¥2 Ji n 2)'
14 Jan 16
15% Jan 13
126% Jan 2
Illinois
—-5
preferred—-No par'
preferred-^,—_———-100
4,700
Armstrong Cork Co__
No pur*
—$3.75 preferred
No par
100 1
Arnold Constable Corp.———5
1,400
Artloom Corp
No par
4,900
Associated Dry Goods new
1
120
6% 1st preferred
_100
120
7%
2d preferred
100
*Wo
140
.
127%
123/
16%
128%
123%
130
*45%
'
160
*104¥2
105
15
15
16
•124
17%
17
16
2,100
**48%
'
14%
14%
15%
*129 ?- 130
106
106
14%
s16%
104 Vz
Armour & Co of
$6 conv prior
51,300
Year 1946
January 1
$ per share
Par
(
14%
130
ieo
,
49 y<
*17
:>17-»? 18
';•/
-
*
105
*104ya
105.,
104%
1
48%
48%
48
49%
*16%/: 17
■..
14%
16
16%
130
16%
*
lSVai
-
154
*
128 ¥a
160
«
Shares
Range for Previous
•
Range Since
Lowest
EXCHANGE
1301/2
14Va
14%
14%
160
"
NEW YORK STOCK
t per share
$ per share
127
154
.
Jan.21
Jan. 23 >
t
*£/;'•
STOCKS
Sales for
the Week
Friday
127?'
127
\
151%v'
49%
V;..
/■"I per share
14%
14%
127 '
151%
105
16%
Jan. 22
.
13%' 14%
154
*104%
105
.
share
127
.
f 49%
49
50%
50%
*104
$ per
share
■
Thursday
Wednesday
Jan. 21
$ per
share
t per
Tuesday
:X\X\,V
SALE PRICES
.
Saturday
129
High
low and
'
May
Range for Previous'
.■
.
:
■
LOW AND HIGH SALE PRICES
Tuesday '
Wednesday
Jan. 8T
Jan. 22
??'|t
"■>
Saturday
nlditday;:
jAh. 20
Jan. 18
tier share
;0:pe^ar0
:
,
,
.
$ per share
$ per share
;
,i
,•
•'
Thursday
-
Jan,23
tpet share
Friday
'
*
Jan. 24
fpkf share
■
'•
Sales for
■
v
•
the Week
•.
*•
STOCKS"
'
NEW YOJtcn STOCK
?•• EXCHANGE
Itange Since January
$ per
: Shares
1;
♦53
56
*53
3%
3%
7%
26%
3%
7%
26%
14%,
•
,
*
24
24
12%
13%
.
12%
57
,
12%
12%
53
'53
37%
*45
37%
46i
*52:
15%-
■
53
-
"37%"
12%
>56%
58%
57%
57%
12%
12%'
*52%
53»/i
119-
12%.
53
,
'
,
118
,
-
36%
37%-
*45
.
53
*117
36% :
461%
.
'
H9:i
36%
*45.
"
15%
For
footnotes
16%
15j/4
15% * ■
•15%
38
16
W *37
38
37%
37¥4
*37 ¥4
see
page
•.IS
36%
46
15%38
27 ¥2
^15 3/8
122
•>
13%.
'
"
'•
12%
v
'7% ■> 75/8
27%
24%"
471/4..
241/4
59
3 ¥4
'
•••
27
14%
14%'
121% 121 Va
*23%
12%
;
*53%
26%
49*
*23%
45
45
'
M:
m
*47%
47%-
...
57
12%
122
V3%tlu
.
'
-
53 "
'
3v*.
*28%, 29-
28%
53
12%
49
23%13
122
■
26%
14%
121 ' 122
26 ¥2
52
124
*122
*47%
23%'
"12%
57%
57
■d
121
121"
49
*47%
7%?
26%
15%
122
15
122
;
7%
'
•
28 Tb
28%.
29
56
3%
28%
29
123
13
*58
20
27,500
1,200
59
{
,
•
*53%
551/2
117
1,300
18 ¥2
;V117
,;3634
*45 W 47 ¥2
^
16
16 y8
39
39
;
230
,
60
1,100
36%
t
Canada' Souther# Ry
t ier share
Jan
:
JM3' 16S ^
14% Jan
3
'Breweries:Ltdil'-L-No par
Canadian Pacific.'Ry X—
-25
Cannon Mills XXX»—--XNo pat
,
400
3,600
,1.100
Capital Administration class
f $3 preferred A' -XXX—
Carolina Clinch & -Ohio Ry;
Carolina-Power & Light Co
Preferre^j^ series
'
50
6
*8% Jan
Jan
13
13% Jan 24
56
'Jan
17
59
7
12
Jan
16>'
l37/a Jan
8
12% Oct
20
54 ¥2 Jan
7
50
Oct
112
;Sep
38'Va Dec
39
Sep
13%: Nov
341/4 Nov
1
52
Jan
8-
'
14f
■
Jan
13
14V4 Ja» 13
36
Jan
3
10
Jan
Jan
$•
9
39 ¥4 Jan
*38% Jan 16'
r.45:
24
128'
117 ' Jan 24
.
Jan
Jan
24
v
2
¥2 Jan
2
49
16¥a Jan39
Jan
6
24
r
Feb
Jan
-
Apr
: ;
40%- May X
July
i
.18
,51% Nov
23% Jan
"
;
24 i->
48> * Jan
123;
3
Jan
46 ¥2 Jan
153/e!Jan
Apr
'7%
12 34
Oct
£ 12
120?
:
'
4734
58?
'
Va Oct
20%
12% Nov
113
Nov
43"
/Oct
24', ' Dec
;
11% Oct
t
Ai—1
10f
100"
100
Carpenter Steel CoX—XI——5
Carrier, Corp-.
X-XXIO?
■
27% Jan
15!:
;
v: Oct
3. / Sep
33/4\Jan
16- r
■
7
53
Dec*
27%
5 4 ¥2 Jan
3
24% Jan
Ob£—,—100 '
Canadian
400
13%
;
203/4 Jan
"
16
Jan 22'
53
.
5 %'
,
10
551;
;
•
^
24 ¥2
13%
27% Jan
———-No pat
preferrod j—
—^—.u.50!
Callajttaa Zinc-Lead
—li?
5,200 i
Calumet: & Hecla Cons Copper—-_5 '
4,800
Campbell. Wy Si C PdyV-V—--No pat
: 2.600 V
Canada Dry Gingdr) Ale lhC__1.66%:
27,000
$4.25. preferred
680
1
No par
California Packing-
1,700
:
•7
*47¥4--
♦23%
•
!'
$ per share
;
Highest
*
:
.,
29
Year 1946
.
i per share
shdfe
"
Lowest;
Highest
Lowest; V •'"*.
'.
1
..
147
,
.
58
May
■■
25%
.
-,
/
Jan
Dec
22%^ Feb
73% Apr ?
21>4 May
.
;
591/3 May-
.
137
£
3934
May
Dec
GiVa
Jan
34-
Jan
80
Feb
■
■
Number 4563
Volume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
STOCK RECORD
LOW AND HIGH SALE PRICES
Saturday
Tuesday
Wednesday
Jan. 20
$ per share
*6%
Thursday
Jan.21
Jan.22
Jan. 23
$ per share
7
6%
36
36»/4
*153
156%
*153
60 y2
19
>6%
35
156%
59%
59
19 %.
107%
*106%
107%
149
*146
28%
.
35
107%
*106%
149
28%
36
18 y2
108
*10S3/2
150
28%
28%
*6%
150
29
19%
;
107
'200
,
150
'
90
,
29
8.700
20%
20%
20%
20%
*20%
20%
20%
20%
*20%
20%
*20%
20"%
'
21%
211/4
21%
21%
21%
21%
21'/a
21%
21%
217/a
21%
22
12%
13%
12%
13%
12%
13%
12%
13
12%
13
12%
13y8
"6,000
10%
10%
10%
114
*91
94
10
10%
*112%
114
*91%
10
94
*9%
9%
9%
10%
*91%
10 j
*30%
31%
31%
31%
32%
33
19%
18%
27%
24
33
33
31%
*11%
32%
19%
20
19%
27
*26%.
*12
12%
27
24
24
*109%
24
111
16%
12%
*109%
16%
24%
24%
*23%-
52%
52%
6%
6%
11
13%
27%
28
23%
23%
110%
110%
16%
25-
8%
11%
12%
35
35%
20%
20%
44%
23%
*16%
*23%
8%
8%
8%
5%
*7
5%
35%
34
34%
34%
20%
20%
20%
20%
45
42%
44
43%
22%
23%
227/a
23
22%
60
*54%
55%
*54%
55%
*54%
55%
*54'/a
54%
*54
*107%
28%
10%
*87
*40%
89%
28%
28%
*109
44%
1,300
*54%
55%
*54
55y2
55%
*54y8
55% v
iey4
5%
5%
*40%
4iy4
41%
91Va
92
28%
28%
28%
28%
115
25
26
25
43%
45%
44%
44%
*30%
30%
'44%
30%
44y2
30%
30y2
30%
30%
10%
10%
10 %
30%
*10Va
)0%
10y8
10y8
88
*85
88
87
*85
16%
16%
17
17%
50
52
52
180
*165
180
*165
180
*106%
102%
*56%
100 *
111%
68%
*56%
*106'/a
*101
102%
59%
*56%.
'
67%
68%
*91
*112
67%
68y4
:
112
68y4
100
112%
69
'
—
1
106%
106%
*106%
102y4
*10iy4
102y4
59Vz
*57%
1,600
,
106%
*101 y4
59%
*58%
*58
59%
'
1
20
20%
20%
20%
20%
207/a
21
21%
34%
34%
35%
35%
36
36 %
36%
36%
36%
36%
42%
40%
41%
1,500
Clinton
40%
41
40 %
40%
40%.
41
42
2,700
Cluett
*148
*148
151
151
*148
-
151
20%
*148
20%
151
*148
41%
151
*148
"
9,800
-
*
151
Peabody & Co
■'0
Tuesday
Wednesday
Jan. 20.
Jan. 21
Jan.22
Jan.18
$ per share
t per share
149
149
150
150
*64
65
*64
t per share
65
*900
*151%
50
X49
643/4
101
42%
13%
13%
*13%
49%
101 %
*100
423/4
19%
*900
%
*153
S per share
155
155
158
158
*64%
65
*900
•
49
49%
*100
101 >/2
65
63%
64
49%
101 %
101%
*100
47%
101 Va
100
4,300
101
30
43
800
42
13%
19
19%
-
19
13%
13%
13%
*13%
14
*13%
13%
*
143/a
13%
'3%
*12%
13%
*
13 %
14
•'14
*12%
32%
13%
14
*
12 %
14
*123/4
14% '
*123/4
32%
*32%
323/4
31%
32%
*31%
32
500
32%
32%
*31%
33
*31%
33
313/4
31%
113/4
*31%
32%
300
19
*32%
'32 3/4
32%
.32%
11%
11%
11%
113/a
*34%
36
*34
20
34%
19%
34%
19%
19%
19
;
14%
13%
43%
14%
19
43 %
42%
34%
14 Va
19
193/a
19
13 %
"14%
14%
19
6
11%
36% Jan
6
303/a
24
153/a
47% Jan
6
34%
Sep
Sep
Sep
Sep
16
26
~ Jan
2
17
Nov
9
55
Jan
2
45
Dec
9
54% Jan
1,200
14% v
*13%
14%
14%
14
55
20
14
14.
22
Jan
6% Jan
42
Jan
11%
11%
11%
11 %
34
34 %
19 Va
34%
35,
35%
35%
19
19%
19%
19%
19%
11%
11%
'29% Jan
6
49%
48%
49
48%
49
48 3/4
49
44%
44%
44
44%
44%
44%
44
44
43%
433/4
•112% 114
*1123/4
81
*78
80
*79
80
48%
&
108
2
21
Nov
Jan
16
46% Jan
10
36 3/a
Oct
13
32
Jan
6
273/a
Sep
49
■„
.
38% July
Apr
44% May
58 %
11
Jan
6
9%
21
90
Jan
2
88%
Dec
108% Mar
16
17% Jan
18
15%
Nov
'3
54% Jan
23
44%
Sep
38% May
•71% Jan
__
178%
62
Jan
113
16
-106% Jan lo
1007/a!Jan
Jan
22
60
3
.
Jan
24
108% Jan
'Sep
52 «"Sep
22
Jan
Jan
109
11
101
14
106
56%
21% Jan
6
19%
Jan
2
243/4
Sep
40% Jan 16
_J
__:
44
Jan
7
39%
Nov
152%
Jan
.1
Jan
77
May
108% Mar
106
-'Apr
Dec
38
__
-
/Jan
113%
Feb
13
17
Feb
108
Jan
Jan
19
May
205
.
Jun
99 Va
33y2 Jan
—
-
22
Sep
105
__
Jan
Oct
62
July
44% Feb
36% May
60%
Jun
165
May
*
T
Year 1946
Lowest
144
Jan
63
'Jan
$ per share
160
3
Jan
24
65 V2 Jan
4
,
$ ner share
130
11
Oct
61%
Dec
42%
Feb
Highest
9
per share
200
Feb
69% May
.
'
Jan
"2
100
Jan
24
102
Jan
11
40
.» Jan
16
44
% Jan
6
47% Jan .23
/
;
56
x99
Dec
37
Oct
603/4 July
Aug
110
10%
15%
Oct
Oct
24%
100
Feb
123/4 Jan
16
14% Jan
2
12%
Nov
41
Jan
preferred—»100
1st
12% Jan
16
14% Jan
2
13
Sep
39
Jan
12 % Jan
.
16
'
14 % Jan
30
Jan
3
2.50
30% Jan
14
par
Xl03/4 Jan
16
12
Jan
33% Jan
13
36% Jan
"7
Jan
16
21 Va Jan
7
Jan
Carbon Co.
Pictures com——^.Wo par
$4.25
pfd w w
No par
& Southern Ohio Elec--1Q
18
cum
'
Oct
*
Oct
47
Jan
47
Jan
32% Jan 21
28
32% Jan
10
20
Dec
Dec
Jan
13
80
7
783/4
46% Jan
16
49% Jan 20
36%
Oct
42% Jan
16
46% Jan
6
36%
Oct
103%
79
.
Jan
12%
9
—No par
—No.
Columbia
Jun
27% Nov
8% Sep
32% Nov
4
2.50
—
Columbia Gas & Elec
Coliimbys
Feb
6
Columbia
3,600
;
Dec
114
Jan
ill '
non-cum:2nd preferred.—100
B
Jan
30%
Dec
26% Jan
'6
non-cum
Class
Sep
6
13
-
Jan
May
15 % Jan
Columbia Br'd Sys.Inc cl -A
100
213/4
15
53
141
197/a Jan
1,100
114%
*78
;
123/4 Jan .16
18%' Jan 16
2,200
80'
Jan
i
Oct
6%
6
108
Dec
Sep
75%
7
Jan
25% July
36
ll
__
No par
20
cony preferred^
Southern.
4%
37,600
.
2
Jan
92% Jan
16
Jan
25 y4
v.
Jan
673/4
Oct
5% Jan
Feb
59 %
•'
Dec
22
Jan
76%
373/4 Jan
Dec
15% Jan
16J/2 Jan
-
Jan
43%
i
Jan
823/4
63%
233/4
4%
19%
81
cum
Colorado
90
35
*78
5%
250
14
9
2
14
38%
__
No par
_i._Wopar
Colo Fuel & Iron Corp
14,200
13% Jan
jll % July
•-
47% Jan
No par
Collins
"
48%
;
49
:
19
80
82
48%
11%
43
*41.%
(The).*
Co
$3.50 preferred—
&
Aikman—
14
32%
*12%
32%
14
42
Oct
21% Jan
$ per share
Class
A
A
—Wo par
Coca-Cola International Corp No par
Colgate-Palmolive-Peet
No par
14%
33/4
Range for Previous
210
43
15% July
,
Coca-Cola
42%
.
Sep-
Range Since January 1
Highest
Lowest
800
47%
7
9% Jan 16
Par
—
47%
33%
6
Q
15% Jan
,
65
*900
47%
Feb
Oct
Jan
9% Jan,
13
87
•
STOCK
160
*64
*900
•
48%
YORK
EXCHANGE
Shares
193/a
*79
NEW
the Week
S per share
Jan
11%
Jan
10
STOCKS
.
'Sales for
Jan.24
13%
14 %
*12%
,
Sper share
155
Friday
Jan. 23
•
*900
48%
*100
Thursday
<
17%
13
•
v
-
Oct
13
.
Monday
14% July
5%
30% Jan
.100
*
'•'*
LOW AND HIGH SALE PRICES
Saturday
7% Nov
2
43
No par
Preferred
2
3
Jan
24y2Jan
1
4
26%
Jan
108
50
Inc
18% >Jan A
Oct
;
40VaJanl0
.,100
Industries
Oct
7% Jan
16
Jan
Jun
4%
9%
Jan
»'
Special gtd 4% stock—'
—50
Climax- Molybdenum—Wo par
20%
34%
66%
7
4
11
14
Clev Graph Bronze Co (The)—1
5% preferred—■
—
^100
20%
Apr
25% May
48%" Oct
15% Jan
,100
gtd
32
17% Mar
54% Jan
-No par
Clev^t Pitts RR Co 7%
Jan
15
x28%Jan!3
:
12%
2
Jan
25% Oct
114
54% Jan
•
257/a July
43
Sep
41% Jan 16
•
•
Oct
v
20% Jan
■
:__6
Ry Co
105
17% Jan
100
Louis
Jan
6% Jan
16
j—5
i
14%
Feb
11% Jan
9% Jan
13
Jan
Jan
May
51% ,Jan
Nov
21%. Nov
"
13
6% Jan
24
23 %
4
Jan
42%
Dec
July
23%
313/4.Sep
.
24
54% Jan
Jan
102 3/a
Nov
31
-
Wo par
preferred
20%
42
St
&
*33%
Jan
Jan
-86
■
...
.
C- C
18
25
'
116
V
Sep
"
13
Jan
11
7
23
Jan
3
50% Jan 16
5>/« Jan 13
103/a Jan 13
Apr
137/a
Dec
Jan
17%
26%
23
5y4Janl5
Clev*El Ilium $4.50 pfd—Wo par
30
'
Fuel
&
Stores—i
5%
110
69
107
101
C
110% Jan
15
July
8 Va
0
8
100
Clark Equipment—
700
-
180
*91
114
city
Jan
14
Jun
23
29
Jun
89
38'/a
'
3
26
Jan
8.50
City Investing Co
5%% preferred
-
4,100
-
56
*165
100
100
17%
*54%
54%
180
C I T
City Ice
'
21% Jan
28% Jan
,
Oct
.110%
■.
Jun
'
0
.
12%'Jan
Milling Machine Co„10
Financial Corp—J—No par
700
88
17%
101
*106%
59%
52y4
113
*85
17%
*165
100
113
107
102%
106%
*101
*91-
112%
65 %■
106%
*65
59 %
*90
113
*111%
108
*100%
100
17
1,000
.
2
23
Jan
11% Jan 23
24y2Jan
-
Cincinnati
8,000
.
v
31% Jan 20
17
j._5
common
2
Jan
94
-
Nov
22%, \ Jan/;
20
Sep
20
Sep
8% Oct
; 9
Sep
2
8
No par
Preferred
:
—
3,100
3
15% Jan
25
Cinn; Gas & Elec
115
1
114
108% Jan
—10
CO
Corp.^
Chrysler
;
17% Jan 13
Jan 13
No-par
Oil
2
Jan
26
No par'
No par
div
1
fChilds
Co
Chile Copper
-
20
*5,800
30%
87
Cotton
21,000
45
*109%
Chickasha
3,300
,
25
50
66
6
$3 conv preferred.:
Pr-pf ($2.50) ^cum
14% Jan
10% Jan
A
8
14
13% Jan
\——^—JNopax
Chicago Yellow Cab—i
.
500
41%
91%
90
*109
17
*90
100
.
"
44%
90
'
—
16
10%
*165
100
„
16%
25
50
112%
*15
*15%
115
16%
65%
16
I6y4
30%
*87
•
24
-
23:
Chicago •& Northwest'n w-i„No par
preferred w i——
100
Chicago Pneumat Tool..
No par
-
25
50
*111%
*
*54%
B
Jan
22
8% Jan 13
29
Jan 13
;
183/4
138
14
2
10% Jan'
55
,183
Jan
81% May
233/a Sep
109% Jan
161% Jan
104%. Sep
-2
207/a Jan
3lVaJan23
—No par
Class
31% Jan
11% Jan
Chic Milw St PLP vtc_——No par
Series A preferred——.:.
100
-
3,800
23
90
•
6
/f Jan 22
14
Nov
i153
Nov
.54% NOV
*
6
150
16 .j
x9% Jan
112%.Jan
5„
25
1
•
.9,000
43%
*109
17%
•
7,400
'
*22%
25
54%
100
2iy2
43%
28%
16%
180
35y8
21
300
20,700
5%
*50%
*90
34%
35
21%
12%
45%
10
*165
12
115
24%
.
2,100
.
23%
6
28%
«■
1,600
.
*22%
90%
29 -
5%
200
-
43%
41%
89%
25
44%
*30%
90
41%
9%
5%
12y4-
*15%
88 Va
5%
9%
5%
34
16 %
*40%
6
•
20%
16
16%
5%
115
*24%
30'/a
10
.
*109
45%
30%
*15
-
40%
89
45%
15%
16%
90%
40%
ni
25
*15
*16%
1
9
12
'
6%
29%
28%
15%
7%
Hudson G & E Corp_No par
111 Lt 4%% preferred__100
21% Jan
108% Jan
Highest
I per share
Oct
31%
24-
'
.
11% Jan 16
Class A
j..-.-..-40
Chicago Corp (The)..—
—I
Chicago Great West RR Co
i.50
m preferred—-—.—'
.50Chic .Ind & Louis Ry Co cl A..25
;
4,700
13%
26% Jan
20% Jan
21'
Jan
%\
Chic & East 111 RR Co
3,300
7%
7
—No par
Chesapeake & Ohio Ry
1,200
.
8%
13%
9
55%
16%
6ya
13%
*5%
55%
*54%
-9,000
11
3
6%
•
7
61 y2 Jan
17
20
Chesapeake Corp of Va—
1,300
.
17% Jan
143% Jan
158% Jan
"
Year 1946
f ot share
,
6
106% Jan
.
_
"
22%
-
6J/a
,
7 y4
13%
8%
5%
19%'
43%
92%
8%
8%
12%
34%
20%
43%
41
10%
8%
7%
*54%
*40%
90%
6y4
10%
13%
11%
6
52y2
13%
11%
6%
51%
*6%
11%
15%
16%'
52%
7%
54%
6%
,
51%
13%
12%
15%
24y4
6y4
11%
34%
16%
24%
*10%
23%
*1$
25
v'Jan 16 ;:/v 37% Jan
13
" Champion Pap & Fib Co new No par
$4.50
preferred
—No par
Checker
Cab
Mfg
1.25
1,600
8%
45
-*15%
18
6%
54%
■
17%
6
13
Certain-teed Products—...
Chain Belt Co
—No par
500
"1,100
17-
10%
*5
5%
10,400
"•»
7y8 Jan
;
:
Lowest
$ per share
13
57% Jan
Century Ribbon Mills__.___.Wo par
Cerro de Pasco Copper—No par
4,200
30
8%
*6
34
Jan
157% Jan
Cent NY Pr Corp pfd 3.40% ser.100
-$Cent RR.of New Jersey—.;
100
Central, VJoleta Sugar Co..
1,200
m
111
10%
6
25
....
Aguirre Assoc
-Centaal
200
*lloy8
6%
8%
*5
110%
8%
.
-
23%
52%
Co..
preferred..—.—....
" Central
2,700
' 700
.
27
233A
25
51%
/
19%
27.,
10%
13
>19%
237/e
110%
8%
*7
19%
27%
23Va
1
..Central Foundry Co.—.......
2,200
32
12%
32
16%
*23.%
52
*27
6%
7%
13%
5%
31%
11
*31%
I)
Central
...
93%
11%
12y2
32
10%
*6%
9
12%
23%
8%
7%
6%
12%
31'/$
19%
27%
6%
11
8%
*6%
12
"
5%!
*
300
114,.
93%
11%
31%
19%
51%
94
10Va
31%
19
*23%
10 %
32%
12
16%
10
*112%
10%
x32%
111
10%
114
31
19
*16
-
,
13%
13%
12%
*109%
16%
6
10%
8%
8%
*6%
94
10%
*30'A
33%
J.0%
*112%
94
*26%
53
10%
*92'
10%
31%
-
10%
114
*23%
25
52%
*112%
94
•
*11%
111
16%
10%
114
*112%
.
(J
9. per share
—
-2,900
*112%
•
Case
-9,900
28%
Per',
Preferred,
100
Caterpillar
Tractor——No par
Celanese Corp of Amer new-No
par
$4.75 1st preferred
No par
•
1%' 2nd preferred—....
..100
Celolex
Corp
—No par
2,400
150
29
*
———
•
*106%
107
^
Ranr® for i»wfou»
Range Since January 1 ®
Lowest
|
Highest ||
:
-
'
—
61%
19
187/a
\
Carriers & General
1,600
156
60%
150
28%
600
36%
35%
*
>\
STOCK
EXCHANGE
,
Shares
7
*153
60%
YORK
the Week
$ per share
156
59%
18%
150
29%
*35
*153
59%
18%
106%
149
29
18%
Jan. 24
7
156
?
59%
18%
*6%
? Sales for
Friday
$ per share
6%
34%
*153
149
*106%
*146
28%
6%
34%
*153%
59%
18%
$ per sho.re
6%
?4%
156%
59%
19 5/8
$ per share
6%
35
6oy2
STOCKS
Monday
Jan.18
'
38
Jan
14
Jan
48
Apr
363/4 May
106% Apr
50 % Aug
'
45
44%
*111% j 12%
24
:
23%
3%
;
3%
122
;
120..
31%
31%
13%
;
13%
:
1-12
,
:
'
6%
.
28
,
*
122
121%
3%
121
-
3%
121
112
112%
23
27
26%
20%
30%
30%
31
30%
13%
-
6%
13%
5%
-
23%-
3%
31%
13%
13%
26%
'5%
27%
28 Va
107%
107
19%
.19%
19%
19
'
y8
14
14
14
14
14
49%
50%
50
50%
16
25
15%
24%
15%
24
17%
*112
17%
.
*103
•
112
1-7
-
112%
19%
19%
14 Vs
14%
40%
25
25%
253/a
26
—17,%
ny4.
17
1,200
.Consol Retail
■17%-.
112%
*106
v
4,700
Continental
105 3/a
39%
403/8
40%
106 y2
106%
106y2
40%;
10
10%
10%
10%
10%
48%
49
10 3/4
10%
47%
49%
50
50%
51
10%
51%
10%
513/a.
9%
10
9%
51%
9%
51%
9%
10%
10%
10%
(
4
16%
49
\
19%
16%
16
16
49
14
*15%
54%
*i6y4
•
13%
*54
;i9%
58%
28%
/ 28%
*104%, 104%
*104 %
104%
*104%
-71
69
70,
69
191
191:
58%
1
28%
,
,69
491
*7%
38
38%
104%
,104 %
♦29
39%
.53
♦50
*48%
13%
54%
15%
13%
.
•
133/4
18%
18%
58%
59
28%
28%
104%
104%
.191
7%
./
'
4 y8
38%
105
7%
4
37%
*104
39
*51
53
7%
4
*
551.
70
"70
r
«
.28%
29
h
\
5l
51
-
v
)
>
37%
38%
104% 104%
29
■
*28%
39%
*4Q
39%
51
105
-
191
-191
m
4
•/
70 1
•
-
...
7%
#4
27%
*104
&
73/4
14
4y8*:
38%
•104%
110
2,700.
543/4
19
19%
58
28
5,800
29
■•"40.'.:V: '40%
50
1
50
10
Baking Co
71%
13% Jan
15
14% Jan
6
.13% Nov
Jan
23
54 % Jan
2
42%
17
16% Jan
6
143/4 Nov
22% Jan
16
30
Jan
6
16% Sep
163/4 Jan
2.1
18 % Jan
4
17
Nov
111% Jan
13
112 % Jan
24
Xlll
Dec
41% Jan
13
46 % Jan
2
35%
1-5% Jan 13
18% Jan
2
12% Feb
16
101 r/ Sep
33% Sep
103% Nov
49
^1
100
.1
No par
20
$5.50- preferred—_r_—
.No par
Continental1 Can Tnc--~*..~.«.—~-.2Q
$3.75
preferred
..j
Continental Diamond Fibre
104
.
5
Cornell-Dublier
Electric
Bank
3
Jan
Sep
36%
21
41
Jan
•
;
103/4
Feb
36
Feb
1093/a Jan
25% July
233/4 Apr
60
May
33%
Jan
32
Aug
1153/4 Mar
54%
22
17 '
COrp—-
Jan
3%%. preferred—:—
u_100
Corn Products Refining—
25
Preferred
—J———i—i-106
i
69
Jan
25
—
35 % Jan
Feb
Jan
24
Jan
Oct
493/4 May
Nov
x23 % May
30%
% Jan
2
46
%
Dec
56
Jan
9
12%
Oct
23%
Feb
9
50;
Oct
60
Apr
9
Jan
7
6
Jan 23
105
18
16
18%
63
Oct
13% Nov
61
•;
75% Jan
7v
24
191V2 Jan
-
common
Nov
Nov
10
30 Va Jan
3
Crane
8%
46 Va
15
.
19%'Jan
3
2.
14
185% Jan; 2
Coty^.' ■T%;J0n,;p;
Coty Internet Corp——
;—1
4
Jan 14
8V4 Jan
9
43/b Jan
.
40
'
:
xl2% Nov
52
,
.25%
Sep
Oct
101% Dec
58 % May
Xl85% Dec
7% :.Nov
4% Oct
4
7
31
Oct
Jan
3
101
Nov
Jan'
9
28
Sep
Jan
•
■
,
200 .:
29%:
293/4;'
l,000v
403/4
41
J
1,800"
•48%
50
/"
300
^/:preferred^.i.i^.—104
Cream
Wheat
of
Crown - Cor& & SetiL—
;? $2
»j' .Vlfi
preferred
IIHlif
■
.
,
.
Jan
28% Jan
Oorp '(The).—2
No par
37
No par /
WMV
JIIJI. ■.'■i;
''""If
I
»(
".W, I,
2
105
10
30
Jan 16"
47% Jan
.An m':.,
8:
Jun
54% Jan
7
1,000
Jan
53%
113% Mar
33%
15
Jan
109%
2
49
54
Apr
July
6
18 % Jan
13% Jan 15
t
Jan
.47
7
Jan
10% Jan
553/2 Jan
Co
10% Jan
13
15
Jun
18% Sep
40% May
55% May
6
11% Jan 24
13
14% Jan,15
48% Jan 13
;
7
Jan
51% Jan 24
17
ey8 Jan
273/4 Jan
103
Jan
1,900
Jan
40% Jan 24
353/4 Jan
f
7,000;
*
38%
104%'
104
108
48% Jan
.^.10;
Co.——.20
170:
Trust
16
106% Jan. 13
9% Jan 13
Corn
5,400;
Exch
Jan
37% Jan
No par
Coming Glass Works commaiu—5
r
7%?
4
,
14% Jan
_
..15
Stores
Jan
160:
191%
■
20 % Jan
19.
1,000
"
38%
3
Sep
17%, Sep
2,500:
3/4'
190%
♦104
105%
Continental oil- -M ■
Continental Steel Corp.«.....^«.14
Cooper-Bessemer
Corp.^
No par
$3 prior preferred...——No par
Copperweld Steel Co
—5
Conv pref 5% series—.
50
1,400
t
.28%
70
7
10,100
50
'7%
107 % Jan
Insurance—
104% 105
70%
2
*
Motors—
200.
57%
'
Oct
Xl06% Jan
Continental
16 Vv
133/4
Oct
24%
Continental
17
*54
-
59
29
-105
191
"7%
4
38
105
18% -,19
3,300,
3,100'
38 y4
*48%
?
Oct
^ 5%
16,800
<■
16%
14
28%
•
200
17
-
543/4
583/4
28%
1043/4
191
191
'*38'A
-r
page
-
69%
5Q
14
58%
16
17 %
*54
28%
191
153/4
543/4
*54
58%
29%
see
16%
50
18%
29%
,
17%
*48%
18%
38
For footnotes
15%
*16%
59 Vz
*104
-29%
39
16%
106 y2
38
38%
17%
28%
7%
4%
37%
4%.
37
19
59-
7%
r
*4
18%
38
49%
49%
14%
*54
f
14%
55
14%
*54
"
16,900
.11 %(
49%
10
37%
.
7
9
July
•
*106
10 y8
33
6% Jan
No par
1,700
17%
40 y8
.
111
28% Jan
pfd
43 3/a
106 y2
39%
6%
*103%
.43
320
33
2% Jan
2
13
Gas
17%
105 Va
>
RR of Cuba
Jan
32% May
53A Jan
132
Feb
26% Jan
Aireraft
Inc
Consumers Pow $4.50 pfd
Container Corp of America
112%
Jan'21
5% Jan 15
5
43
1123/4
♦103%
105
17% 1
112%
Consol
Jan, 13
30 3/8
Corp—1.33y8
Corp.;
~8
Laundries
Consol
4
Jun
123
No par
25
112
25%
13
59%
Dec
Nov
19
No par
$5 preferred....
Consolidated Grocers
Vultee
*103
.16% ;
11
Natural
10%
16%
Jan
Consolidated
106%
48%
24% Nov
Consolidated
10%
*16
7
Consul Coppermines Corp
Consol Edison of N Y—
1,200
10%
'
2
Jan
2,600
♦102% 104%
39%
39%
37
14% Jan
29
—25
new—No; par
9,500
2,600
17%
35%
13
Conde Nast Pub Inc
51
42%
36%
12% Jan
Sep
29% Sep
12% Nov
16%'
16 3/4
36%
16%
2
15%
17%
38 Va
7
33% Jan
Co
Congoleum-Nairn
Inc.——No par
Cigar.;
——No par
2,700
.
.10%
37%
123% Jan
50
423/4
106%
16
13
153/4
17
40
3% Jan
116% Jan
30 % Jan
.-—No par
Edison
49
42%
'39%
7
15%
42%
*106
10
24% Jan
49
17%
"
112% Jan
3
15%
32%
'
106%
16
Jan
Consolidated
900
14 y4
16%
105%
4,000
12,300
-
107%;
193/4
17%
'
*106
*17
112
107%
14
42%
*103
400
28%
Jan
22
,
;
$6 preferred seriesJ.
1,900
6%
28
111
Commonwealth
2,400
19 %
.
42%
.
108
39%
10%
112%
13%*
preferred.
Solvents
100
4,800
:17,100
27%
10
;
No par
Commonwealth'& Southern—Wo par
85,900
»•
323/4
5%
28%
107 y4
..'17%
43%
,
17%
*16%
'
112%
24%
6
27%
19%-
15%
25
•
13%
$3.60
Credit
Commercial
14,000
3%
*32
107 y4
14%
50%
50%
15%
-
24
26 3/4
323/4
5%
28 y4
19%
26%
-
13%
27 y4
107
*14
51
•
*13,.
*32
6
26
106%
15%
43
31 %
-.26%
>
32%
110
121%
303/4
31J/a
Commercial
3,000
'
'
28V4
107% '
15%
-17
3%
120%
30 y2
13%
27
.
5%
•27%
25%
*17%
23s/a
31
*31%
50%
*112
23%
-
121V*
30%
107 y8
19% .19%
•
23 Va
3%
33/4
120%. 121
.
3%
121 Va
31%
6%
6%
28%
•
23%
-
30%-
108
14
113%
23
3%
31
•13%
26%
'
'
31%
♦107%
*112
23%
3%.
27%
26%
31%
.
22%
-
•
.
.
112
41 'Vz Jan
51
Jan
Feb
Jan
-
27% Jan
67%
Jan
39% May
1093/4 Aug
753/4
Dec
210% Mar
143/4 Apr
7% Jan
49% Jun
110% Aug
35% Jan
7
32
Oct
62
Jan
21
47
Dec
54%
Feb
COMMERCIAL & FINANCIAL
THE
Monday, January 27, 1947
CHRONICLE
RECORD
NEW YORK STOCK
Rang* for
STOCKS
HIGH SALE PRICES
LOW AND
$ per
share
t per
*118
130
30%
*120
30
*9114
92%.
28%
18%
■•■27
28
103
43%
*98% 101%
18%
*17%
54
*50
54
♦113 y8
*113% 117
101%
18
54
4= *50
117
*115
117
9%
9%
9%
^%
9%
9%
*98%
*1714
18
*50
175
43%
43
43%
*17%
18%
18%
*165
175
*165
175
44
*98%
29%
93
18 %
19%
19
43%
*165
30
27%
30
*28 %
2914
29%
91%
95
*92 V*
106%
126 "
29%
*10514 108
*118
126
66%
5%
68
5%
19%
19%
29%
29%
*105% 108
*118 " 124
29%
29%
*91%
93
*27
28
18%
18%
*165
175 .
44
44
*98% 101%
*17%
18
*50
.
54
9%
9%
*115
117 :
*6614 69
5%.
5%
19
1914
135
124
28
Crucible Steel of Amer
30%
94%
18%
18%
18%
18%
*165
44%
175
44
175
' 44
4% %
*98%
100%
*98%
100%
17%
17"%
17%
17%
10%
9%
V
Cunningham Drug
Curtis Pub Co (The)
54
.,*50
*66%
preferred
Prior preferred
Curtiss-Wright
69
29%
;
/
*93y2 '- .94
% 17 % 117 %
29 <
94
5%5%
•
19%
19 %
28
29
94
.-m. 17 %
29
94
94
135
28%
28
17
17%
17
17:
33%
33%
33%
33%
*113
114%
20
20%
18%
18i/2
361/4
37%
35
35
•
.
i
«
\ 37
37%
7% | 7%
26
25%
>
-
65
*60
V
181/4
*
21% ^21%
18%
30
30
46
?
t
*45%
*18%
17
♦ 104
104%
31%
31%
•51%
53%
31% '31%
32
'
.
18%
71
70
167%
167%
112
♦110
21
f-
"21%
:
.v 96
*94
17%
17%
31
*29%
•186
125
125
16JA
17%
*113
*19
17%
351/8
34%
37%
7%
26%
19%
45
45
35%
35
38
Corp
18%
16
161/4
*104
1041/4
*31%
32%
53
53 i
18%
31%
31%
32%
18%
21
30
43
45%
18%
19%
16%
17.
*104
104%
32%
32%
*52%
53%
30% .30%
33%
17%
18
33
18
70%
*162
166%
164-
*111
112%
20
20%
97%
29%
181%
18i/a
29%
182y4
126
*125
113%
171/4
17
113%
17%
Diamond
6%
40
Jan
13
99
Jan
10
1714 Jan
13
Jan 15
8% Jan
13
113% Jan
16
6014 Jan
14 *
5% Jan
17 V
.
19
16
Jan
27
28% Jan
*
70%
Distil Corp-Seagr's
17
5%
104%
*104
Dixie Cup
31%
33
*52%
53
187/a
70%
71
33%
DoehlerrJarvis
Dome Mines
*111% 112%
20y4
20%
*95
97%
*17%
18%
28%
28%
181% 183
125% 126
*113% 114%
17%
17%
20%
*95
*17%
18
*28
29%
Du
183%
183
*114
114y2
17
17%
Duquesne Light 5%
DWG Cigar Corp
29
Dec
98(4 Nov
17
Nov
34
16%
Nov
28
Sep
6
Monday
Saturday
Jan.18
Jan. 20
-*
$ per share
$ per share
n&
20%
*218
25%
*109
*7
•
Jun
7
16 y4
Nov
34%
2
17
Nov
22 Vb
9
31 y4
58%
Jun
42 Vh
July
50 V2
Jan
Jan
Jan
6
2
25% Sep
•
14%
v
*105%
;
16 %
Oct
28
Jan 43
60
Oct
77
Jan
24
16%
Dec
19%
Dec
Jan
2
15%
Oct
24
Aug
6%
56%
57%
14%
14%
37%
14%
*144
48%
•
51%
3%
16%
*3%
15%
16%
157
148
157
*146
I58y4 158y4
-
39
*37
•*3%- V >3%
16%
107
*109%
25%
111
51%
23%
23%
Sep
34%
Oct
42
Sep
50% Apr
50
Aug
16%
Oct
7
2
;
16% Jan
69
Jan
113
Jan
16
Jan
Jan
124% Jan
100
5
149
.24%
*109%
111%
*109%
.
6%p
57%
14%
*37
7
7 *
,
:
39
157%
*146
149
158 y4
*146
49%
49%
59%
49%
51%
51%
52
52
13
12%
13%
13'/a
18%
13
18%
18%
18%
18%
19
19%
19%
19
18%
18 y4
18 Va
13%
19%
18%
31
108%
11%
-
58 y2
105 y4
105
105%
108%
109
108%
109
109 y4
109%
*109%
110
109%
109 ya
*105
32%
105
108%
•109% 110
2%
104
109
*72 ya
74%
31%
105 y8
108%
18 y4
105%
104%
18%
73
106%
31%
105
*72%
*104%
I per share -
52%
12%
72%
*105
31%
72%
74
106%
*105
32%
32%
74
106%
32%
3%
11%
58 y2
'
*89%
11%
20%
:
,23%
•*
40%
•
*7%
'04
11%
21
24
40%
8
54%
28%
7%
23%
*107%
107
108
*39
39%
39%
44
44%
44%
45%
47%
11%
12J/a
12 Va
12%
12%
23%
23%
104% 105
23
"23y4
*105
105%
24
24%
*23%
56
56%
*56
56%
*105%
*105% T06
57%
106
57%
*105%
24%
'57
57%
106
56
28%
7%
23%
41
47%
13%
22% 23%
"105% 106 '
„
600
90
'
*24
24%
700
'
57
900
57%
57%
105%
4,500
500
65%
55%
55%
400
18%
19%
20%
20%
4,900
33%
34
107%
34%
100
17%
17%
4,200
21%
700
16%
3,100
13%;.;-13%
17%
7,000
41
16%
17
41
34%
107%
*39%
21%
*39
2,700
•106
1,500
2,800
50
800
For
footnotes see page 551,
Smelt Co
Federal-Mogul Corp
Federal Motor Truck
Federated Dept Stores com.
Federal Min &
300
1,600
4,900
5,500
*56
105%
Co—-~-Nopar
Fajardo Sug Co of Pr Rico—.—20
Farnsworth Televis'n & Rad Corp.l
Federal Light & Traction
15
$0 preferred
No par
110
107
55%
•106
Fairbanks Morse &
3,000
14,900
4,900
4%%
conv
preferred
2
--—8
No par
*—10p
Enamel Corp
—-1
Ins N Y
10
Firestone Tire & Rubber
25
'
4% % preferred ^.———-100
Ferro
Fidel Phen Fire
First
National
Stores
Florence Stove
-No per
Jan 16
17% Jan 13
31% Jan 16
54
Co_——No par
com
No par
105% Jan
13
Co..^...-..~Np par
39 y2 Jan
16% Jan
15
16
Firth (The) Carpet
Flintkote Co (The)
$4 preferred _r
No par
Florida Power Corp
7 Ya
Florsheim Shoe class A new-No par
Follansbee Steel Corp
10
Food Fair Stores Inc
No par
Food Machinery Corp—.
*...10
Foster-Wheeler Corp
6 % prior preferred.
Francisco Sugar Co
10
28
No par
20% Jan
14% Jan
1
Highest
Lowest
49 y4
51%
'
13
Range Since January
158 y4
149
49%
49%
51%
OCt
227
Jun
Dec
Oct
133
July
Feb
13 Ys
3%
167/a
3%
16%
Jun
118
112%
39
3%
16%
157%
108% Mar
Jun
192
Nov
Sep
21
124
7
*37
3%
16%
Mar
25
58%
14%
14%
48
161
25%
57%
58
14%
Feb
Apr
15
15%
111 y4
-
July
Dec
Oct
Oct
Oct
91
23%
24%
Dec
Nov
Feb
111%
6
16% Jan
52
37% May
29% Feb
16%
10
16
28% Jan
30
Sep
143%
13
16
23
13
13
14
180
34(4 Jan
109%
62% Jun
63%
3
16
163 % Jan 20
111% Jan
14% Nov
x23%
.,105% 105%
•h
24%
Apr
Feb
6
Jan
30
Jan 8
29% Jan 16
52
23%
6%
39% May
49% Jan v8
194
52
*105% 107
24%
iiiy4
24%
57%
37%
-
*193
194
Dec
48%- Sep
25 y2 Nov
219
22%
Apr
Oct
Jan 13
30
50
219
51%
7%
56%
•
218%
Jan
113
23
104% Nov
28% Nov
i9ya
18%
49%
♦193
6%
*109
18%
49%
'
Dec
33% Oct
19% Jan
20%
20
20%
\
36% July
110%
18(4 Jan
Shares
share
218
107
24%
25%
110
$ per
18%
23
*105%
107
share
45
52
22%
•# per
the Week
Jan.24
Jan. 2$
,
20
195
*51
*105%
(4 per share
222
*193
22%
,
19%
46%
46
22%
% per share
Wednesday
Jan. 22
•.
21
18%
-
Tuesday
Jan. 21
31 % May
6
17
45 J/2 Jan 21
NEW YORK STOCK
EXCHANGE
Sales for
Friday
Thursday
May
13
STOCKS v
SALE PRICES
LOW AND HIGH
July
Sep
9iy4
47
& Co—20
No par
1st pfd
Dec
18
31% Jan
18% Jan
....
Oct
2514
22
1
$4.50 preferred
Oct
Oct
19
No par
125 y2
124%
Sep
17%
60
....100
(EI)
P de Nemoure
Oct
5%
8% Jan 24
22
94% Jan
Duplan Corp
Nov
60
7
26% Jan
50c
conv
Sep
10
103
39% Jan
No par
preferred
Dunhill International
33A%
97%
Nov
45
9
36
+No par
$4 preferred series A
Industries
Oct
16%
3 8'/2 Jan
No par
Dresser
21
Oct
95
19y4 Jan
Douglas Aircraft
No par
Chemical Co common—No par
164%
*111% 112%
35
4614 Jan
28% Jan
165
Jan
66
Jun
106
Mar
2414 July
8214 May
26
Jan
14614 Feb
76% Apr
12% Feb
3414 Feb
145
July
45
May
21 y4 Jan
Dow
164%
164
Jan
35% Jan
Corp
Ltd
2
18% Jan
.No par
Class A
Dr. Pepper Co—
31%
34%
19%
31'/a
Oct
160
Feb
Apr
Feb
11514 July
113 % Jan
—No par
Co common..
Oct
1714
Apr
19% Jan
2
100
preferred
Dec
22
4014
110%
150
54%
30% Jan 10
.2
Ltd new
8814
$ per share
94 y2 Jan
.20
partic preferred
Dec
128
No par
Match
6
Sep
Sep
29
6
19% Jan
16
Jan
Western—
Diamond T Motor Car Co
16%
33%
18%
70%
*17%
7
50
Detroit Edison
20
Detroit Hillsdale & S W RR Co—100
Detroit Steel Corp
1
De Vilbiss Co
5
Devoe & Raynolds class A
12.50
43
45%
70%
*95
Jan
1
,
Delaware Lack &
7%
26%
30
43%
42%
165
Light Co (The)—7
4%% preferred
100
Dayton Ruber Mfg Co—
50o
Decca Records Inc new
50c
Deere & Co
No par
Preferred
-20
Delaware & Hudson
;—...100
65
30
30
13
Dayton Power &
20
18
18%
19%
18%
*19%
Jan
Oct
25
103
110
93
Jan 20
34% Jan
6
21% Jan
2
165
Jan
7
45% Jan
6
100% Jan 10
18% Jan
8
55
Jan 13
11% Jan
2
118% Jan
8
69% Jan
6
6 % Jan
6
pfd 3%% series A—
100
Davega Stores Corp N Y
5
Davison Chemical Corp (The)—1
17%
33%
115
*60
65
18%
184
*124% 127 "
113 V* 113%
♦113% 115
-•16%
26%
183
186
36%
7%
26%
*60
-
32%
18%
35
7%
31% 32:
■-.'•5iya; "53%
* 30%
30%
31%
31%
:
17%
18%
70
70%
q
163% 164
nil
112
f
" 20
; 20%
96
96 /
*17% 17%
*29%
30%
-
,
35%
36%
1041/4
*104
•
v
35%
35
16%
16%
£
115
19%
17%
18
3114 Jan
T,/(j
16
16
Cum
94
17%
17
17%
331/4
17%
48%
19 ;
16%
120
19%
46
45
148%
*46
-♦18%
*113
114%
19%
18 y4
35% 36
35
35 ;
36% 36%
-"7%
8 :
26 " 26
*60
65
18%
18%
20
20
30
30%
46%
.
33%
*113
>
19
18
*93%
17
17%
8914 Jan
2 7% Jan
1
Class A
—.1
Cushman's Sons Inc 7 % pfd
100
Cutler-Hammer Ino
—No par
29%
*28%
17%
33%
*16%
17 %
15
52
$ per share
—
Dana
V 29%
28% Jan
No par
—No par
—No par
$7
117
117
16
16
Highest
Lowest
33% Jan
8
108
Jan 18
128
Jan
8
16
30
100
5
Stores Inc__2.50
preferred
Press Inc
Cuneo
28% Jan
105% Jan
100
100
—10
100
preferred
preferred
Cuban-American Sugar
7% preferred
Cudahy Packing Co
5%
Cuba RR 6fo
29
28
28
44
$4
30%
27%
*165
124
*92%
93%
preferred
2nd preferred
$4.20
Previous
Year1946
.
tp^r share
share
11914 Jan
5
No par
No par
No par
Crown Zellerbach Corp
10
108
*119
V
31
29%
*91%
135
28%
;,-.*28
*118
*129
*129
28%
*129 V
*106
108
4,200
30%
29%
29%
29%
*105%
$ per
Shares
Sharif
l'.1
Alignest
Lowest
EXCHANGE
the Week
Jan.24
I per
$ per share
$ per share
share
2914
30%
*105%
108
108
Jan. 22
$ per
share
30
31
30%
Wednesday
Jan.21
20
Jan.
Jan.18
I
Tuesday
Monday
"Saturday
Range Since January
STOCK
NEW YORK
Sales for
Friday
Thursday
Jan. 23
.7
13
12% Jan
17
88% Jan
22% Jan
23
13
26
Jan
13
23
Jan 13
I per share
Jan
33%
116
Apr
41% May
58% May
116%
May
Range for Previous
Year 1946
:.
Lowest
I per share
-
Highest
$ per share
iVolume 165
Number
"
THE COMMERCIAL
CHRONICLE
YORK STOCK RECORD
Saturday
Jan,48 '
$ per
LOW AND HIGH SALE
PRICES
Monday
Tuesday
Jan.20
share
Wednesday
Jan. 21
S per share
I per share
46%
463/4
48%
46%
46%
47%
22
21 Ma ; 21 Ma
213/s
I
22
36%
101
101
-
35
:
353/4
nOOMa
101 Ma
34%
100
per
47 Ma
Sales for
Jan.24
$ per share'
47 Ma
47%
48
19 Ma
19 Ma
19 Ma
19 Ma
101
34%
101
35
35
101
'100
101
35%
Froedert Grain & Malting Co
Fruehauf Trailer Co common.
5,200'
230
101
4%
v
13
13%
13 Ma
6%
63/4
6%
*20%
93/4
203/4
*15%
16%
16
18 Ma
18 Me
18 Me
8 Ma
8%
8 Ma
13 Ma
63%
16
*18%
13 Me
6 Ma
.
8%
17%
17%
14%
14%
14%
l4Ma
5,000
7 Mb
7%
7 Mi
73/a
13,400
20 Ma
20%
21
10%
10
10
3,400
16%
is y4
18%
8 >':' i 5%
38%
38%
*16
17
200
18 Mb
900
20 Me
20 Ma
20 Ma
9%
9 Me
9 Me
9 Me
*15 Me
16%
*15 Ma
16%
18 Ma
18 Ma
18 Me
18 Me
40
163/4
133%
110
109
9%
16 Mi
%'
38%
8
*38
>16%
>
13 Me
109
16%
110
54%
*108
54%
53 Ma
53
533/4
53
54
113/4
11%
11%.
113/e
113/4
11%
113/e
18 Ma
171 Ma
18
18 Ma
12%
*76 %
13%
171 Ma
173
173
*171
18
*17 Ma
173/4
13
12 Me
12 Ma
'
12%
*108
11%
173
*171
173/4
18
173/4
12 Ma
12%
12%
77
76Me
423/4
423%
423%
43
43
28 Ma
29
28Me
28 Ma
29
29%
293/8
158 Ma
158 Ma
159
373/8
*76 Ma
159
363/4
45%
48
129
77
159
37 Me
159
36 Me
44
44 Ma
*46 Ma
'
48
*46 Ma
129
*128 Ma
130
116
*114 Ma
116
>
'
76 Ma
158 Ma
363/e
36%
45 Me
x44Me
48
46
76
56
56 Ma
55
126
102%
102%
18
'
130
129 Ma
129 Ma
*114 Ma
116
115 Ma
116
22 Ma
54 Ma
127 Ma
1023/4
55 Me
*125 Me
103
17 Me
18
130
116
116
5,000
Jan
11
101
Jan
9
99
12 Me Jan
16
14% Jan
24
6 Ma Jan
13
73/8 Jan
2
20MeJan 20
9% Jan 13
1st
General
Electric
50
126
103%
173/4
22%
22%
*22 Me
22%
37/a
22%
22 Me
*21 Ma
22 Ma
*22
22 Ma
*3 Ma
3 Me
*3 Me
28 Ma
136
15 Me
153/a
283/4
15 Me
283/4
*273/4
28 Ma
.
*133
55/e
23 Ma
36%
136
*133
5Me
5%
53/a
5%
5 Ma
23 Me
233/8
23 Me
23 Ma
36 Ma
*35 Me
36
36
115
115
>
113
113
33 Me
25 >/e
25%
24 Ma
104 Ma
*103 Me
104 Ma
*103 Me
36%
35
1073/4
29 Ma
—1
29
*55 Ma
l8Ma Jan
21
Jan
15
9
16
13
40
100
*55 Ma
•.
6 Me
•
30 Ma
.
63%
103
55 M*
56
*107
- 108
54%
♦107
.
*22 Me
23
4%
v>
22 Me
4%
6%
3
9
14% Jan
109
Jan
9
104
Dec
2
54% Jan
38
48
Sep
71%
xlla/8 Jan 15
Apr
12 Me Jan
3
10 Me Sep
X170
Dec
143/4
Apr
Apr
Apr
Apr
Aug
Aug
Apr
170
17
Jan
2
173
39%
13%
8%
Sep
78% Jan
2
74%
Dec
907/e
16
45% Jan
2
x35%
Sep
473/4
28 Me Jan
2
29% Jan
23
273/4
Oct
40 3/4
160
7
Mo par
44 % Jan 23
.
115
Jan
51
Jan
129% Jan
116% Jan
4
56% Jan
24
*13 Me
19
13 Me
*102 Ma
13 Me
123/4
33 Ma
13%
13 Me
45 Ma
25 Ma
*33
13 Ma
45%
44
25Ma
*162
25 Me
163
*62
163
69%
*63
313/4
13
25%
68
34%
103 Ma
103 Ma
103 Ma
233/4
24%
233/4
8 Me
34
8 Me
*86
8
92
*86
40
603/8
*39 Ma
59%
313/a
30%
103
12 Ma
123/4
*32
12 Ma
45
45 Ma
45 Me
t-
25 Ma
*63
663/4
18%
69%
17 Ma
34
7%
64
18
333/4
103 Ma
24
73/4
73/4
*86
34
88
*86
86
86
12
113/e
41 Ma
42
60 Me
60
60 Ma
*40
59 Ma
Monday
Tuesday
Wednesday
Jan.21
Jan. 23
t per share
39
*38
17%
39
17
17
183/e
183/4
17%
183/4
18 Me
'
107 Ma
108 Ma
;
*107
22 Ma
*153 Ma
'
160
1
35 Ma
.
34 Ma
:* >9
8 Me
99
.
:
'
\6%
34
.
•
1 *98 Ms
8 3/4
8 3/e
7
'
6%
.34
34 Ma
*28 Ma
29
28 Ma
*100 Ma
101
*100 Ma
22 Ms
22%
>
'
8Mb
9
99 Y
63 Ma
22Me
41%
41%
63 Ma
64
*165
'
18%
55 Ma-
*78
28 3/e
30
♦26'
28r*;.
18 3/e
•
34%
Y
•'
-I
;
107
223/4
2§
/
•lOOMa
413/4
41%
106 3/a
35 ' i
*-
>27
;■
18 Ma
l?Ma
:?4
•3;
:
*51%
53
-*102 M2
103 Va
88 3/e
89
For
28%
22
35% Jan
2
32
Nov
29% Jan
6
24 Ma
13
37% Jan
22
102Mi
105 7/a Jan
20
Jan
24
Jan
16
29
Jan
21
103
Jan
Apr
Feb
60
Jun
118
Jan
104%
Sep
Sep
96
Oct
22 Me
Jan
102 Ma
Dec
100
Oct
'
6
42% Jan
16
493/8 Jan
2
55Ma Jan
17
57M2 Jan
24
57/8 Jan
3
6M2 Jan
120
Jan
13
Jan
16
61
.
.
7
29M4 Jan
-
121M2 Jan
32
.
36%
>
42% Apr
108
May
\
4
Jan
4
673/4 Jan
9
Jan
;
■
,
Jan
5M2 Jan
Sep
-19 Ma
Nov
Oct
2
6% Jan
Sep
NOV
105Mt
'5 Me
10
10
24
Nov
50 Me
Y
6>y
6 Me Jan
NOV
100%
10
Jan
27
59 Ma
>
4 Y
Jan
6
36M4 Jan 24
41
Jan
Oct
Dec
5% Nov
116 "> NOV
53/.
9 '
33/4 Jan
.
No par
•:
,5 Me Oct
30 Mi Mar
2
No par
5
x30% Jan
16
33
Jan
10
28
Nov
102% Jan
10
103
Jan
10
101
NOV
12 Ma Jan
14
12% Jan
No par
32
Jan
8
43 M2 Jan
13
23% Jan
par
.100
West RR
13
13 M2 Jan 16
Sugar..——No
2
159
.100
Jan
4
Jan
23
13 Ms Jan
4
133/4 Jan
12 Va
Oct
7
12 3/4
Jan
11
33 Ma
Dec
14 Me Jan
6
13 Ma
Dec
34
47 % Jan
40 y2
9
26 Me Jan
163
Dec
Oct
22Me Nov
6
Jan
158
20
Oct
55
64
75 M2 Jan
7'
Oct
61 Mi
__
i
Nov
17 M2 Jan
16
20 Ma
Dec
327/8 Jan
102M2 Jan
1
16
38 Ma Jan
6
30 Ma
Feb
4
103 M2 Jan
16
102 Ma
Oct
9
23 Ma
Dec
83/e Jan 10
6 Me
22
Jan
14
7 Mi Jan
No par
No par
13
Jan
203/e Jan
26
4
Jan
Oct
89 Me Jan
2
14 Me Jan
2
9 Ma
Sep
Dec
80
Nov
13
13 M2 Jan
2
12Me
No par
38 M2 Jan
16
42
Jan
24
31 Mi
Oct
.25
—
May
111
18
Jan
463/8
Jun
Nov
32 Ma
4
105
49 V2
Oct
Jan
108
2
26 Ma
Oct
6
2
1
preferred
Oil
Oct
20 Mi Oct
v,,
105
lOMe Jan
$5
Gulf
4%
16
57% Jan
16
60% Jan
9
56 Ma
Sep
Corp
9%
.;99:
'
9
::
28
9
41%'
106 Ma-
*106
28
'•«:
36
16%
36
•
;
28%-'
27%
27
i
17
24%
24%
36
36
103 Ma
91Y
16
:
16%.
;*51%>
*v
29
>102
89 Me
•
53%
29
65
Ma
*65
165 Y 165
50
108 Ma
'
'
1,100
conv
*162
-
'7%
55
*29.
*78 Ma
33 Me
6,900
Hazel-Atlas
800
-
Hecht
40
1,300
128 Ma
17 ZZ
17
25
35 Ma
36 Me
103%
.102
89 Ma
*89
;
29
;> '•
1
10
<
1,700
128
1%
128
3,600
'
1
'
130
28% '
1,000
200 «•
283/4
283/4 '
100 «
273/4
283/4 '
35 Mi
•
27%
--
17 Ma
25
24Me"
36%
•
?—-16%17%
'-*52 Ma
•
*29 Me
102
*101
90
*89
54 Ma
30'.
'.>'36%
;17'?
•Y.^54A'v
n
103 §
Oct
16
107
Jan
16
233/8 Jan
7
f
Jan
8
r
n■ mi -
r
t
14
Jan
13
6% Jan
8.
2Y
>
105 Ma
n
119
•
|
Aug
;
Jan
i
;'!
Apr
Jan
109 '/a
20 Ms
Sep
,34% May
151 Ma
Nov
39 Ma Jan
:
33
6 '
7
|
Apr
93/a Jan
7 Mi Jan
35Mb Jan
»2
Jan:13
101 Ma Jan
3
42 y4 Jan
24
i.y,.
preferred
^^.100
Motors^—I—....No par
Powder....
165
17-
No par
Hewitt-Robins
Holland Furnace
65
Jan
24
165
Jan
22
19 Ma Jan
6
Jan
Jan
16
16
Jan
46 Ma
2
16
58
132
Jan
7
130
81
'Jan
11
76
128
Jan
24
131 Ma Jan
11
29 Ma Jan
24
313/4 Jan
7
3
27% Jan
25
Jan:
6-
21 Y
5
243/4 Jan
16
31 Mi Jan
5
16 Ma Jan
17
18
Jan
3
243/Y
373/4 Y
800 t
23% Jan
3
6.000
35 Mi Jan
173/a t
4,500
Holly Sugar Corp—l——J7o par
Homestake. Mining.^..—..—12.50
Houdallle-Hershey com——No par
$2.25 / preferred—-50
23
16
563/4'
new..
(A)
15% Jan
1
1,606
102
101
130
90
89%
90
1,000
30 Me'-"
(Del)
Sons
Household
3% %
Finance
com——No par
preferred—j.——.
Y100
Houston Light
St Power Co
No par
—
>
50 Ma Jan
:
3
28% Jan 11
Jan
3
86 Va Jan
13
•100
24 Ma Jan
Jan
30% Jan C'R Y;
Dec
22
Sep
34%
6
8
Oct
18
6
Jan
18
51% Jan
Sep
22%
:
4 Y
38
Oct
Nov
21%
2
Hollander
Sep
Nov
22
26
.
Sep
Jan
>'
123
4
293/4 Jan
300
&
Oct
Dec
10
•273/4 Jan
Dec
61;
15
;
Nov
Dec
17 Vi Nov
>
Jan
54
__10
1
Ma
169 Ma
•
78
.No par
.5
Ino_
17
Jan'22
■
103
16
.
131 Ma Jan
!
Hlnde St Dauch Paper Co^..
Hires Co
(C E) The.
41
2
63 Me Jan
non-cum
101
:8
Jan
1063/e Jan
12
.
,.
Ma
46
Sep
Oct
Nov
27
Sep
103 Ma Jan
20
99 Ma
Dec
Jan
2
78%
Sep
92
20%
f
j
Apr
15%
.
|
:
Jan
i;
36
Oct
Nov
107
403/4 Jan
-.100
Jan
Nov
29 Mi
,,'28Ma
:
106 Ma
Nov
57/b
8
30 3/4 Jan
Sep
8
24'
16
:
i
Aug
60% May
16% Jan
Oct
99
93/a Jan
170 '
Nov
8
99%'Jan ,;4
33% Jari 23
Jan 14
:
i
17
Jari
100
$4 conv preferred—
>
1.500
Y> 30 Me
>101
?
Jan
Jan
17% Z
> *16%
-
— i
preferred...
cum
Hercules
293/4 '
-
108
8% Jan
preferred.^.'———100
Hershey Chocolate..—
No par
293/4 ■
*26%-
;•>
14
28
Hercules
28 Me
*16 Ma
53%
;)1r29Y>
128 Ma
r
..
!Heime (Q w)..'
300
Ma
18%
28%
■27%
16 Me
:
Jan
33% Jan: 16
3% %
293/4
*24%
16%
'
55
>
55% 1
*131 Ma' 133% •
*77 Mi
80
f
A
26 Mi
—15
'
—
24
Oct
X98 Ma
Glas$ GOii.—.^-25:
Co..^.
3.65%
-*26 Ma
Z
*513/4
Y 167
183/e'
40 Ma May
Oct
173/4
preferred...
__100
(H J) Co—Y-i.—l.25
•
Heinz
90
28Ma-
27
*24%
80
65
>
Nov
15
22
39
'
lOOMa
"*162
-
35
.8
Jan
6
——-
St Marxi—^.i.-lD>
—-
1,300
441/^
41% '
*i05
106 Ma c
■
11
173/4 Jan
.19
22
Corp of Amer class A
.>
1.
4%% preferred (modified) —•.100
Hayes Industries Inc^
:
—^1
Hayes Mfg Corp
'-**
Y
mVi
>29%:;
283/e
27
55 Ma
133 Ma
*131 Ma
80
29 %
*26%
183/4
Highest
$ per share
16
107 :■/• Jan
;
50
287/a
65
$ per share
14
107
(M A) Co $4.25 pfd—No par
Harbison»Walk; Ref ra c
No par
..63k preferred-wu^—i—w-LlOO;
1,400
-
-/r.v.
66Ma
Jan
Lowest
167/a Jan
Hanna
Hart, Schaffner
33%
167Ma
-
183%
55 Ma
*78 Ma
•v
•
S per share
37
Hat
9%
lOOMa
Highest
173/4 Jan
—5
Co—No par
preferred..:;
.100
400
-
7
-
25
:
Printing Co..
Watch
900
-
99
'
Year 1946
Lowest
■
28 Ma"
•
Water
(WF)
4%
10
23 Me
9 Me
•'
7Me
106 Ma
18%
Xl29% 129%
28%
28%
293/4
V 17
16''/8
54M4
29 Me
footnotes
I
263/e
Ma
29 Me
*89%
Ma
27 Ma
*64%
*131% 133 Ma
80
J
>*51%
1Q3M»
28
*29
-
.
17%
Hamilton
9%
99
33 y4
33 Mi
28 Me
283/4
*100% 101 '
41 Me
413/4
••
Hackensack
Hall
35% f
"9
•
i
'
9
'
6%
101Y &
100
160
35%
99
J
i
i
23 Me-
*153 Ma
v
-
9
*98 Me
•
••••
*107
22%
Range Since January I
"
I per share
900
>
108
•
Range for Previous
.
STOCK
EXCHANGE
500
173/4
*107
NEW YORK
Shares
19
35%
18%
■
130
'
27%
*>%
•
29 Ma
July
__5
pfd
Common when issued
500
38
-17%
160
35
■
*36 Ma
*18%
107
-a
22%
55 Y
'
133 Ma
*78%
130
30%
-
18
55
*131%
■
*
172
18
54
.
133%
>78 Ma
80 ;
130 i)~ 130
>25 Ma
*35%' '36%
17%
17%
:
18 Me
56
28 Mi
>29 ft.
28
> >28
*17 Ma
66
•'
30
'
*64
♦165
18' 6 !
,
-29
•
132
120
973/4 Jan
Co Inc..
I
"•
64 '
*131 Ma
80
131
Y Oct
24
16
3,400
# per share
107%
*153 Ma
■
8% > ;8MB
'
6%
;6%
333/4 : 34
106%
*105 3%
172
54Ma
#
553%
133 Ma
-
129Ma
101
10 M2 Jan
Sales for
173/4
107 Ma
160
'•-■
*83/4 >
28
*41 v
•
*34
*98 Me
101
101 '
1063/8
■
6%«
28
•
*153 Ma
8MB '
34%
..
*22 Ma
t
99
63/a
->
101'
jm%
-
>8 Me
6Me
34%
28 Va
41 Ma
172
•131 Ma
3
86
the Week
19
'
•165
Jun
Jan
Gulf Mobile & Ohio RR
9,800
Jan. 24
38
l73/4
*18 Ma
-
107 Ma
108 Ma
♦107
34 Ma
9
■*98 Ma
8 Me
19
*107
160
34%
*36 Ma
173/4
19
107%
108 Ma
*153 Ma
106%
41 Me'
•1053/4
12
Friday
$ per share
38
*17 MB
19
*107;
34%
38
17%
*107 Z
108 Ma
...
39
173/a
{
23
8 3/e
*38
*18 Ma
107%
*107
160
*98 Vp.
47
22
317/a Jan
Ore
STOCKS
Thursday
Jan. 22
i per share
23
-•
Jan
Guantanumo Sugar common
1
$5 conv preferred.
—No par
5,500
41%
41 Ma
59%
29
10
Grumman Aircraft Corp
20
11%
Jan.20
35
900
11 Ma
$ per share
*153 Ma
140
6,400
11%
593/a
23
102
——
(H L)
Oct
137
36% Jan
13
Greenfield Tap & Die Corp__No
par
Greyhound Corp (The)
No par
4V*% preferred
1
100
1,000
8
HM4
*393/4
2
100
conv.
Bay &
Green
13,200
88
Jan. 18
107
Green
25
11 Me
40
cum.
Nor Iron
Preferred
1,800
34
11%
60
Great
140
103%
11 Me
393/4
2
May
150
Apr
113/4 Feb
2
33 Ma Jan
Grayson-Robinson Stores Inc.—1
$2.25
18 Ma
11 Me
593/i
8
Jan
Jan
Great Western
11 Me
60
Jan
6
25% Jan
29 Me Jan
6,000
11 Ma
40 Ma
138
48
16
97
2,700
*7%
15
Jan
233/4 May
;
16
—
Prop—No par
Great Northern Ry 6%, pfd—No
par
11%
*11 Me
1,700
65
25
7M4
Nov
Jan
.10
(W T) Co.
3% preferred—
30
693/4
33 Ma
103%
25
*7 Ma
*63
24%
103
3,400
18 Ma
103 Ma
24
Mi
163
65
18
34 Ma
233/4
.
65
7
323/4 Jan
5
46
253/4
453/4
29% Jan
24 M2 Jan 21
20
13%
163
693/4
103 Ma
♦103
89%
,163
*63
18
33%
7'/«
25%
"161
66 3/4
66 Ma
103 Ma
24
11
253/4
163
253/8
*161
69%
200
125/8
:;'25Me
253/4
162
Y
32 Ma
133/4
Oct
13
Apr
,
7Ma
112M4 Jan
—100
Grant
*32
14 Me
LOW AND HIGH 8ALE PRICES
Saturday
♦107
700
900
12 Me
I per share
♦38 Ma
133/8
31
103
36%
13%
103
12%
900
-
307/a
30%
*102 Me
#;
29
40% Jan
Oct
30% Jan
No par
*102 Ma
13%
443/,
*86
11%
593%
13 Ma
6
2%
■
Jan
1
Graham-Paige- Motors
Granby Consol M S St P—
Grand Union Co——
Granite City Steel.;
36 Ma
44 Ma
233/4
llMe
40
*36 y4
33 Ma
33 Ma
90
11
1,100
13 Ma
.
11 Ma
48,300
6%
13%
8 Me
113/4
5%
6 Ma
*32 Ma
*103
24
113/8
13%
20%
5 Ma
13%
18 Me
343/4
11%
38
20%
'
16% Jan
preferred——No par: ' 102 Mj Jan
9
;>103
Goodyear. Tire St Rubber
No par..
.53,'. Jan 16 Y. 'v56%
$5 convertible preferred—_No par ; d06M4 Jan 16
107 3/b
Gotham Hosiery—
—No par
«. 20>M4 Jan 24 Y
24 ;
300
Nov
16
v
22 Ma Jan
No par.
50
com
80%
.
2IM2 Nov
6
5
(B F)
15
6
Jan
'
101
6%
37%
6%
2
4
$5
11,200
5 Me
43/4
6
Ma
Y
197/a Jan
24% Jan
No par
Goodrich Co
21%
4Ma
♦303/e
54%
107
,
33 Ma
663%
103 Ma
11%
21 Me
54 Me
133/4
25%
18 Ma
34 Ma
21%
*102 M4
12%
54%
16
Jan
Gold St Stock Telegraph Co
Goodall-Sanford? Inc..
100
Feb
Feb1
5
Brothers—:
Oct
Dec
100
2,000
-
65
104
473/4
103
136
No par
No par
5,700
30
64 Me
*103
107
•
50
133/4
*63
68
18 Ma
31%
33 Ma
162
693/4
18 Ma
107
120 Ma
433/4
163
68
108
600
.293/4
64%
104
y8.
400
.
6 Me
13 Ma
45
18 Ma
54
*13%
103
123%
*32
13%
68
54 Ma
2,500
-
57%
120%
30%
63 Ma
*102 Mi
*36%
13 Me
102 Ma
33 Ma
293/,
63%
.453/4
Jan
543/4 Aug
132
100
preferred—
Glidden Co (The)
; > 4%% conv preferred.
Goebel Brewing Co„...
123
Nov
Jan
100
$4.50
6 Ma
123
"
13 Me
31
*120 Ma
30%
4%
JO
103
45%
■
$5
Gimbel
100
Sep
Dec
27
No par
Safety Razor
conv
preferred—
Jan
114
124 Mi
14% Jan
Corp..:
135 Ma
101 Ma
5
Gillette
100
9,800
57
*6 Me
6Me
13%
45
6
5,400
27 Ma
57
6
Telephone
Jun
Dec
9
13
preferred
42
126
■
23
127
16
10c
56% Feb
;
Jan
3M2 Jan
No par
100
Oct
103 M2 Jan
2IM2 Jan
4V*% preferred
l%% 'preferred
1Q2 Ma
*102
44%
104
21%
38
27%
102Ma
i53/4 Jan
182 Y/Apr:
52
Feb
Dec
2
10c
General Tire & Rubber Co.;
120
30Ma
56 Ma
123
30%
4%
6 Me
31
103
*32 Ma
4 Me
27%
*102
6 Me
54 Me
*107
*21 Me
273/a
Ma
17
No par
Refractories
4% %
4,200
107
57
\
108
39 Me
13
32
*102 Ma
Ma
6Me
„
27
30
*1057/b
44%
*120 Ma
-
30 Me
3
1257/s Jan
xl017/8 Jan
Gen Time Instrument Corp__No
par
,
99
108
5l7/e Jan
163/a
Oct
33 M2
39%
22
14
156
7
9
128% Jan
10
Corp
28 Me
23
9
common—No par
200
NOV
July
Dec
Jan
76
24
preferred
Realty & Utilities
General
600
108
*96 Ma
63
*38 Ma
.
*107 Ma
99
102
*102Me
22 Me
3,100
37
*96 Ma
*6
30 Me
36 Mi
99
*553%
6
64
55
34
108
26 Ma
123
30 Me
33Me
2
Jan
13
21 Ma
109
41% Jan
No per
Utilities
13 Ma Dec
9
Jan
Shoe
Corp
1
Gen Steel Cast $6 preferred—No
par
540
14
14
11% Jan 13
Jan
37% Jan
series—No par
Adv
*t Y
18% Jan
Jnn 13
158% Jan 22
General
253/4
113
*107 Ma
44 Ma
57
6
*120 Ma
6%
900
353/4
37
303/4
May
Jan
453/4 Jan
Gen Railway Signal..
Gen
112Ma
34
*105 Me
24
1413/4 May
Jan
14
common
$3.75
Public
General
108
*102
443/4
103
43%
6%
*38%
*55 Ma
Me
30%
63%.
Y
'
104
6
120 Ma
30
64%
*102 Ma
57
*6
120 Ma
,'
123
26%
102
443/4
Gen
400
25%
303/e
Nov
Jan
16
Outdoor
104 Ma
107
Jan
"Y»17
May
67% May
Deo
15
78
42M4 Jan
Precision Equip Corp.
Public Service.
5,900
25 Ma
30
38
2
Jun
Jan
■Y.29%
7% Deo
8
Apr
223/4
Sep
17
Jan
35 ye Jan
Gen
1,800
*103Mi
*105%
Jan
18% Jan
Jan 17
17
6
No par
Gen
6
26 Ma
*96 Ma
Jan
—No par
Co
1,100
24
104 Ma
30%
102
45
36%
36
> 26
7
7
13 Ma Jan
5
preferred—
53/4
*25 Me
108
108
26
102
44 Ma
-
57
6 Ma
27%
*101
46%
♦120 Ma
30
x26 %
102
30
$5
Preferred
-
*103 Me
36
8% Nov
14% Nov
10 Ma Jan
109
—5
No par
1,500
2,100
28%
25 Ma
35 Ma
21
7
50
Gen
233/4
113
*33 Ma
1,100
3,600
136
104 Ma
99
*105%
28%
*133
25 Ma
108
30 Ma
105 Ms
33 Ma
153/4 May
11 Me Jan
Sep
16 M2 Jan
16% Jan
.100
General Motors Corp.
31,100
*103 Me
35 Ma
*96 Ma
353/4
Sep
Oct
.13
100
5% preferred—.—.-—100
3%%
conv
preferred—:
100
49,600
15 Ma
153/e
24
112 Me
323/4
25
*107 Ma
99
105%
106
333/8
104 Ma
35
107 Ma
*96 Ma
30%
32Me
35 Ma
107 Ma
99
28
34
17%
53/4
*23%
36
126%
103 Ma
*3 Ma
29%
113
112%
103%
*17 Mi
136
53/e
56%
126%
Ma
15%
*29
23 Ma
553/4
4
*133
53/e
34%
273/,
45 Ma
28
136
23 Ma
*35
115
*101%
28
*133
136
10
Me
16
38Jan
50
Cprp
General Mills
170
173/e
3 Me
30
Sep
18%
Jan
8
preferred——
General Foods
-
400
1033/a
18
56%
153/a
*105%
Jun
48 YJun
112
July
2
Jan
l73/4 Jan
1.66%
preferred
21 '
15
preferred—————100
900
129%
126 Ma
18
55
15 Me
*96Ma
'•
100
61
273/4 May
28% N
conv
General
.
25,800
>
116
103 Me
55 Ma
*3 Ma
353/4
*107
,
V'.
129%
*115
>
126 Me
173/a
*26 M4
-
2
JVo par,
-100 >
2nd. preforredi.
—50
Cigar Inc.—No per
4 %
400
103 Me
103 Me
16%
*103 %
;
Jan
Transportation
4%
;
2,200
373/4
33/e
34
'
30
160
'
*158
543/a
*125 Ma
127
103
'
r
*29
900
44%
45%
153/4
114 Ma
•
'
200
43%
37%
3%
5 Ma
%
76
44
28 Ma
;
39
No por
1
Baking—V.
$8 preferred
General Bronze Co*p
General Cable Corp.—:
10,300
45 Ma
153/a
23 Ma
Nov
15
preferred.-..
General
1,500
IS
12%
37%
33/4
♦353/a
$ per share
Sep
16
•Jan
preferred--
conv
Gen Amer
20-
'•44%
45%
15 Ms
9
17%
76
29%
*129
Co__
Industries Inc_
conv
$4.50
3,000
173
*43 Va
>
159
44%
3%
,
,
437/b
15%
>*133
45%
33
Gen Amer Investors
3,500
113/4
U3A
4 3 Mb
a
Wood
4%%
100
363/4
45 y8,.
46 Ma
*129
56
*125 Ma
18
22 Ma
•
18
'
126
.
Jan
$ per share
9
22
.—
Gaylord Container Corp
"2,000
'
37 Me
;
Iwc
5%%
54%
-12%
>■
76 Mb
42s/a
*
.
>
500
111
*171
173/4
12%
'
423/4
159
*114 Ma
Jan
6
^^-1
Co
Co
Gar
3,800
14%
13%
173
*76 Me
45 Ma
48
._ioo
preferred-,—
Gardner-Denver
3,000
38%
54%
v,:._
113/4
77
48
16
17% Jan
(The) common
L.I
(Robert)
1
6%
pK-erred———
.-20
Galvln Mfg Corp
3
Gamewell Co
(The).
—Nopar
2,900
163/4
*108
54
43
37 Me
$ per share
per share
Jan
45
"
110
53%
Gabriel
Gair
105
*90
14 Ma
28%
43
28 Ma
*158 Ma
cum
—..io
XnoLL
■
8%
Y
16Mb
163/4
13%
110
53 Ma
11%
*171
173
8Mb
383/4
.
*90 ;v 110
14 Me
>
*18
.
17 v
*90
?'■
14
*20
10 Me
8 Me
16 Me
110
20 Me
'
383/4
163/8
*90
14%
*108
8 Me
383%
-
110
14
110
8
17 Ma
♦95
143/a
*108
133/4
73/8
20 Me
39%
110
,
133/4
7
9%
40
*102
13 Ma
20 Me
iOMs
40
Highest
G
13 Ms
63/4
$
Par
Freeport Sulphur Co
Y' 1,600
Y
Previous
Year 1946
Lowest
'
1,500
...
'Range for
Range Since January 1
Lowest
Highest
Y/'YY '
Shares
f per share
47
34 Ma
'
NEW YORK STOCK
EXCHANGE
V
,
the Week
■
20
34 Ma
m%
*
47 Ma
•19
35
Friday
Jan. 23 ly
share
STOCKS
■
Thursday
Jan,23
21 %
35%
V ■<&
Dec
i
51
May
109% Mar
r
Dec
j-
105 V*
Dec
f.
44
THE COMMERCIAL
Mdniay, January 27* 1947
CHRONICLE
& FINANCIAL
$:
•iVr-Mr.y
r*M*
NEW YORK STOCK RECORD
.viiS'v••'•
SALE PRICES
Wednesday
LOW AND HIGH
9 per
share
27
333%
33%
.
.33.
<
,
>
33%
r
5%
5%
*10%
12
HVa
<"10%
41%
41
.
,
.
,
5%
11%
41%
41%
40%
17%
18%
17%
263/4
263%
258/a
6'A
6%
5%
41%
...
17%
26
5%
5%
5%
*10%
-
26%
33%.
26%
34
*25
.
,17%.
<•25%
183/a.
173/4
18%
18%
17%'
16%
17%
261%
-
•25%-
25%-
-
6%
5%'
6%
Jan.23
t per
9 per share
$ per share
Sper share
17%
25%
33%
5%
11 Va
1
333/4
12%
42%
421/4
42
17%
41%
17%
18%
173/4
253/4
6
25
25%
25%
18%
253/4
6%
6Va
6 3/8
%
6
•
I per share
■."■'■•»
-
•16% Jan
Houston Oil'of Texas v u is_.
Howard Stores Corp;—.—.,
Howe Sound-Co_——
4,000
Hudson & Manhattan—*—
J,4\400;v/.^.5% non-cum;: preferred—
4,1'00'; : Hiid Bay Mitti&r Sm. Ltd-—
19,100
Hudson Motor? Car:—:
1,900
Hunt Foods; Inc.:——.
9,400
- Hupp Corp---—i—-—l——.
,
32% Jan
10. y 16%
8%
8%
8%
*28%
12%
*178
29 %
12%
12%
38%
39
'129 .129
12%
25
5% Jan
•
■>
TOO
10Q
39%
128%
39%
& 38%
15%
15%
15%
'*73/4
'8%
'47y2
*73/4
'
15 %
Jan
2
6
5% Sep
Jan
*46
;•
•
*106
46
:
v
-5%
r
:
723/4
179%
•71
8%
-723/4
•
8%
71%
Jan
10
Jan
3
6
.
16% Jan
2
8
Jan
9
50
Jan
9
83/4
'
*92%
355/a
34%
-
35%
493/4
/*12%J; 13%
*111
*3|0% 111%
54%-
•53-55
;
38%
38%
43%
45
.' 39%
15%
■
15% '15%
•
•
23%
*21%
23%
41%
;i0l
51%
'/
'
52
h09% 110%
129
•
129
' 58%
*119
58
123
*120 "
;
*57
*109% 112
*130"
146
34%
34%
*100%
7,
,
.
*109% 112
/ 333/4
i ,28%
28
.
28%
503/4
109
132
123
57%
*108%
109
130%
131
*56
'
58%
112
*109%
112
I
146-
*130
146
Joliet .& Chicago RR
35
.
*100
102
29%
28%
29%
19%
18%
19%
Kalamazoo
24%
25
25
26
253/4
261/4
Kansas
55
55
55%
54
54
19%
*18%
,
153/4
15%
16%
16%
25
25
25%
25%
16%
16%
16%
45%
45%
46%
45%
40%
*41%
16%
153/4;
.471/4
44%
44%
*40
*40
41
42
*16%
40%
22%
22%
22%
22%
223/4
1073/4
233/4
108%
1081/2
108%
108%
108%
*16%;: 17
17
*163/4
80
*78%
17
*161%
18%
*16%
79%
18%
79%
303/4
31%
•
973/4
34%
•97%
973/4
34%
35
343/8
53
48%
54
543/4
54
543/4
48
48
47
47%
97%
97%
973/4
35%
35%
34
34%
52
52%
52%
52%
47%
48
47%
47%
32
975/s
32%
973/4
35
Monday
Saturday
I per
share
•_
Jan. 23
Jan. 22
$ per share
I per share
share
Thursday
Wednesday
Jan. 21
Jan. 20
Jan. 18
I per share
Friday
Jan.24
9 per share
EXCHANGE
the Week
rion-cum
50c
Lehman
23%
23 V4
223/4
223/4
51%
52%
51
50%
51
10%
10%
10
10 Va
-
N
93
;
» 95
*186
189
:i86C
4G
40
.39%
45%
45%
B2%
;
44%:
>
*51%
46 V8
46
21%
*168
28%
21%
28 Va
48
48%
20%
20%
j
93
.„
82%'- 93%
*186%
39
40
45
•44
v
44%
44%
443/4
52%
46%
*51%
52%
52%
52%
;
45 /
*27
29
106
105%
19%
7434
20-
♦19%
203%
21%
172%
'168
48%
16
16%
551.
17%
24
74%
74
20
19%
203/4
21%
♦169
99
16%
17%
24 %
; '75
193/4
203/4
172
28 Va
28%
48
20%
*97%
99
27 V2
109 %
17% *
172%
45%
27
*106
;
24
20
20%
footnotes see page
28
106
48
48%
20%
.
28%
48%
♦27%
28%
45%
45%
v
49
20 Va
♦98%
>
20 Va
99
16%>16%
&
pfd
Preferred
9
Jan
7
•
Loews Inc
Lone
Star
16
Jan"_3
4
73/g Jan,
16
44'/a Jan
227/8
Jan' 24
22
Jan
15
Jan,13
9% Jan .15
50
Jan
22
91% Jan
16
31 "
92% Jan
22
185
Jan
38
Jan
2
16
41% Jan
16
51
Jan
7
16
26% Jan . 13
42% Jan
102% Jan ,11
16% Jan
16
22% Jan
13
Jan
15
Gas
;
-->.100 ^
Steel
&
Co
El
— 1—
74
18% Jan.13
—No par
--IO
A__j—No par
Louisville & Nashville——
50
Lowensteiri (M) & Sons Ine
-1;
4%% cum pfd series A
100
Lukens
•
—i
preferred
Louisville
7
No par
Cement Corp——No par
Long Bell Lumber A
Lorillard
(P)
Co_
7%.
No par
^.100
15
>Jan
13
19
Lily Tulip Cup' Corp
Lima Locomotive Wks
—No par
Link Belt Co—-——No par
Lien Oil Refining Co———No par
Liquid Carbonic Corp
3%%' preferred
<
Lockheed Aircraft Corp—>
22
Jan
—tram—w»XQ.
20 3/a Jan
13
167% Jan?
•
6
26% Jan.'8
46% Jan
16
183/4 Jan
16
98
Jan;
14% Jan
38
3
531/2 Jan
54
2
2
-
11% Jan 24
44l/2 Jan
9
8% Jan
24
9
2% Jan
__
No par
,.100
No par
143/b Jan
22
23/g Jan.
—1
——-—;—
9
.7
Jan
43
6% Jan
Prod
Fink
9'/4 Jan
2
14
13
10% Jan 13
39
Jan 16
Stores
Lerner
188
383/4
75%
15%
31%
93
94%
*37%
17 %
28%
31%
■
10 Va
39%
23%
20%
.
185% 185%
186
173/4
*168
9%
32 Va
92.?
•
24%
*97%
For
*92
.
75
^
172 %
93
17%
76%
20
,
23%
%
24%
'
:
105%
17%
-
76
20
45
♦27%
106
17%
24 Va
*51%
•
28 %
28
*102
92
92%; 92%
:93"?,:
95
:
32
32%
32
32%
*32%
*91%
10
;
2nd
(The)
"9
6% Jan
21
50
Corp:.
5
Corp———-.No par
Libbey Owens .Ford Glass—No par
Libby McNeill if Libby
1
—7
Life Savers Corp new—
,—5
Liggett & Myers Tobacco----25
Series B —■—-5
—25
Lehn
23%
Corp
Jan
13
12% Jan .15
5
Rubber & Tire —;
5% Sep
11% Dec
Sep
13% Nov
52
Dec
49
Sep
10% Nov
34 % Sep
61/2 Sep
2%, Oct
493/4 Jan
18% Nov
6 3/s Oct
41 Va Oct
5% Jan
53% Jan
share
t per
$ per share
12% Jan
—
223/4
50%
Apr
Ratage for "Previous
Year 1946
Lowest
40% Jan
Gas
10
Lehigh Portland Cement
25
Lehigh Valley RR —
,a
„50
Lehigh ;Valley Coa,l_—..—No par,
Non-cum preferred
1_50
; $3
non-cum 1st. pfd——No par,
233/4
May
34
9 per share
Shares
Lee
•10%
108
3
Range Since January 1
Lowest
Highest
STOCK
Lehigh Coal & Navigation Co
233/4
Feb
Feb
53% Feb
150
ol A.
Light Co
4
pfd—75 Pesos Mex
Lambert Co (The) •
-——No par
Lane Bryant
No par
4%%
preferred
—1
50
233/4
Dec
115%
——:
La Consolid 6%
*23%
Apr
63%
323^ Jan 16
98
Jan 3
25% Jan
Apr
153
—
NEW YORK
Sales for
Laclede
a
167%
Jan 11
'
__
.—
July
59% May
114%. July
Jan 22
112
•
108
STOCKS
LOW AND HIGH SALE PRICES
Tuesday
,
34% Jan
Jan 16
Jan 8
Jan 23
Jan 21
Jan 16
Jan 16
Keystone Steel & Wire Co___;
Kimberly-Clark Corp
:—l
4% conv. 2nd preferred—
Kinney (G R) Co_
$5 prior preferred
;—
110
K.oppers Co Inc_--———
100
;
Cum pfd 4% series——
—110
IKresge (S S) Co—!——j—
.No par
Kress (S H) & Co
1
:No par
Kroger Co (The)
—;
79%
79
B
Kenneeott Copper
42
31
2
(Julius) & Co--——
Class
23
1083/4
80
9
Southern—*.J
preferred—
Kelsey Hayes Whl conv
31
*78%
30%
31%
22%
108
-
413/s Jan
1433/4 Jan
& Furn_—
Stove
City
Kayser
16%
463/4
24
non-cum
16%
*25%
16
9
Jan
23
—1
26
16%
25
4%
2
24% Jan
—100
i
2
Jan
17
stamped—100
series A—
Joy Mfg.Co
55
*18%
I6I/4
I per
pref
5%
101%
18
17%' Jan
Steel—-—No par
Jones & Laughlih
34%
34%
100
2nd prefered ser A-.
4%
3
39%. Jan
'
123
*121
6
Jan
39% Jan 24
46% Jan
2
;J26
Jersey Cent Pw
55
*23%
*97
503/4
29
*18%
80
503/4
1
55% Jan ' 4
(F L) Co.L
—
—1'
95/a
& Lt 4% pfd—100 - xlOO%
Jewel Tea C« Inc—————No par v 503/4
3iVa% preferred —i---—:
100
109
Johns Manville Corp com:—No par
125%
3%% preferred
100 - 119
Johnson 61 Johnson —
—12%
57%
101%
2
Jan
14
112
Jacobs
10%
101%
10
"'34%
55
*30%
10%
102%
^101
46%
IO8V2
41
3
2
104% Jan
preferred .-l.—i.
-25
St' Teleg—i_No par
share- ctfs_-No par
Interstate Dept Stores—
No par
Inlertype Corp ——
-No par:
Island Creek Coal tiU------—i
$6 preferred. —
.
——1
23
7
533/4 Jan
i Foreign
150
6
135% Jan
—
*130
f
15%
23%*
21%
*40
*145
3
13
.5% Jan
36% Jan
i,
57%
*109%
25%
41
40%
132
16% >17
25%
23%
6
93% Jan
Tntern'l Telep
23
150
*119V4
25%
55
22%
"7
30% Jan
I rj%
15%
23%
*108%
19%
19%
25
15%
24
Jan
.9% Jan 23
Nickel of
International Silver common
15%
15
503/4
x
;
40'
*38%
15%
-
10
"146
34%
102
27%
40
115 %
101%
58
*130
45
40%
123
*100%
102%
55
39%
44%
*22
• 52%
109%
" 129 "
*51
,128
393/a
145
102
*109
.
%
112
*111
44%
*23
10%
102
12%
12%
Jan
74% Jan
Preferred
104
104
39%
14%
41%
' S 10
1013/4
...
112
15
*1433%, 147
10%
10%
,
*21%
13%
*38%
23%
23%
*40%-
*1433/4. 147
103%
55
15%
•
15
•.
48%
44%
15 <
23%
48 %
48%
112
39%
23%
'*40 3/4
2
ISO
Canada-—.—No par
100
International Paper Cp—
-.15
$4 preferred y—No par
Inter Rys of Cent Am—.wi.No par
5% prefearredj
—---100
International Salt i———l-No par
International Sh,oe
i—No par
Int
■
••
143/4
'
134%
136
39
45
-
39%;
>
39%
15
36%
*12%
39
45
35 %
*134
54%
383/4
&
5
4 3/4
103%
123/4
112
.
97
4%
35%
473/4
103%
-
29 %
43/4
49
123/4
9%
28.%
*94
96
134
136
103%
28%
•
34%
43/4
343%
*r ,473/4
9%
97/«
9
*93%
<
*134%
104
104 *
-96
4%-
135% 135 Va
49
7
12%.Jan
220
Machine'—-—aNo par
Harvester.—a_No par
—100';
Int Hydro-EIec Sys class;A
-25
International Mi'n is Chem—5
4.% preferred ,i—r.
100
International Mining Corp
1
Preferred
179%
179
178%
23%
28%
96
4% :
43/4
'•
87/8
.
28
,28%
28
2
6%. Jan
International
733/4
72%
723/4
177%
•*
'*92%
1063/4 Jan
Int'l Business
220
220
218
*215
:
178 \ 178%
179%
•
24,
'
218
"216
73 %
-
4'
Jan 24
40% Jan
1
217
-
•
;
-■
IP/4
11%
11%
11%
*216
Jun
9
131
.
<
4
Jan
ri82
,
5%
5%•
-
16
12 3/4
.
1063/8 106%
107%
-
53/a
46%
i
1
2
Jan
423/a Jan
^Insurpnshares Ctfs lnc_
*——-1
Interchemical Corp ;--—-—No par
4% % preferred
—4—100
Intercont.'l Rubber .——No par
Interiake. Iron
No par
;
J
2*
Jan
.
03/a -Jan
■
Feb-"
8
25% Jan
"
8%
■
-
Oct
25% Oct
30
^Nopar
100
,Inlanc[ Steel Co——-——No par
Inspiration Cons Copper—a
20
Jan
Jan
May
Mar
Jun
14%
18% Jan
Ingersoll-Rand 1—a-1
<'6%, preferred m
393/a
18
94
-
60%
123/a
25
45%
34%
49%
10"%
Sep
46
'
38%
.128%
33
39
20
100
,
24
30
10
Apr
July
;
Dec
6% Jan
Jan .15
••
11%
18% Jan
13
;Industri|t Electrica De Mex, SA—Industrial Rayon _—-—-——-1
*178--182
182
•39%
•
42% Jan
series A__
1000
Illinois Terminal RR Co—
._5
Indianapolis Power & Lt—j.No par
'
29%
29
7
ctfs
Stk
RR
16%
24
Jan
30
47
■-5--'Oct
6 ,v Jan
123/4 Jan
16
Co:—
Central RR Co,.-.—•
Leased lines
,
98
8%
2
6'
37% Jan.,14
preferred series A—
'6%
,;
.
Jan
•
Oct
24% Oct
303/4 Oct
14%
27% Jan 15
36
$ per share
tper share
13
9% Jan
Idaho, Power
16%
•
13
4% Jan. 13
"
Illinois
♦93*
19% Jan
16
Highest
Lowest
$ per share
25% Jan 11
300
'2,300
*
11%, 12
42
6
12%
-
,
34
;:*5'%
33%
5%" "5%
33%
"
EXCHANGE
•5,100
253/i
*25-.
253/4
<•25
18%
17%
18%
17%
17%
25%
33%5%
11%
41%
17%
25%
5%
Range for Previous
Year 1940 k
Range Since January 1
Lowest
•
Highest
NEW YORK STOCK
■•
Shares
Sper share
share
r
.
*
the Week
Jan.24
STOCKS
?'";
Sales for
Friday
Thursday
/is Jan. 22,
.:v,; Jan. 21
Jan. 20
,■;/
Jan.IS
,
Tuesday
Monday
Saturday
.
'
24
47
Jan
24'
;
Jan
6
21% Oct
24% Jan
8
213/4 Nov
Jan
2
43
Nov
10
;Oct
54
■10% Jan
33% Jan
963/4 Jan
.6
9
2." >
2
98 % Jan
.88;
42
Jan 24
Jan
9
<
28% Oct
83 / Sep
843/4 Sep
183
Dec
.
37'/4 Dec
44
2
54 • Jan 11
47V3Jan
7
48% Jan
Nov
43
Oct
273/4; Feb
23% Nov
99 .!., Dec
18% Dec
26.
Jan
6
25% Nov
78
Jan
2
64 / Jan
22% Jan
2
17% Oct
22:
Jan 24
x20 '. Nov
.70
Jan 13
166
Dec
28% Jan 18 "
24%» Sep
50
Jan ; 2 / x453/8 Oct
22
'Jan : 4
•
20%' Nov
99
Jan
8
97 • Dec;
16% Jan
6
14
Sep
30% Jan
<9
.? Jan
21
19% Jan
.6
.06
.
.
J
Highest
$ per share
Volume 165
Number 4563
'Saturday
Tuesday
Jan.20
itperjhare
t per share
*37
38%
108
14%
14%
18%
13%
;29
11%
11%
*13%
43%
28%:
'
.3%
-
.
'26
* 12 C.
.
,
-
,.30%
57
*31
30%
195
,45%
•45%
95
95
1-0 %•
.
47%
47%
*27
27
104
104
1023/4
46%
46%
47
27
263/4
27
*101
103
*101
39
39
28%
52%
51 3/4
513/4
38
30%
24
24%
,22
i 22%
*65
18%
lei
48
24%
21%
•75
-
-
•63%
19%
18%
18%
■44 7/a
18 3/a
*44 Va
44%
61%
44%
61
60%
*99%
*45
14%
36%
39
♦148
11%
60%
9%
*104
14%
35
,58%
122
*23%
21%
21%
21%
21%
22
53%
53 %
53%
*53
48
47%
47%
20 Va
21
21
21%
*221/4
23
21%
22
22%
4,800
Motor
23
23
45
1,300
45
Motor
Wheel
19%
23
*
20
23
*44%
45%
*15%
15%
107 Va
1C6
13
13
37%
37
111
110
13 V8
393/4
55
12%
13
13 %
"
$ per share
163/a
16%
16%
25%
27
27
29
28%
283/s
13
14Va
13
11%
113/4
11%
13%
11%
15%
15%
15%
15%
24
24
12%
12%
37
14%
35%
18%
37
,
'., 34 "
; is
32 >/a
.17%
183/4
*36%
..
.
*104 '
33%
*186
•
23%
1Q4 %
.
(
For. footnotes
see
1,5%
153/4
24
♦151/4
15,%
24
24
*233/4
25
29%
29 Va
30
29%
30
4%
20% Jan
6
18%
Sep
Sep
35%
36
30%
103% Jan
14
473/a.Jan
14
235/a Jan
16
Myers
(F E)
104
14
6
43 Va
7
2OV4
103
•
57V4 Aug
263A Nov
<
Oct
6
18
Oct
72
rJan
6
61
Nov
.105Va Jun
19%, Jan
18
18% Dec
32% July
36% .Sep
.52%-Apr
47%, Jan
„
3
..
65% Jan
10
54
100% Jan
16
97
Dec
43 % Jan
6
Jan
17
397/a
Oct
21
35%
.
Sep
3
46
Jan
6
106% Jan
13V2 Jan
16
15% Jan
34 % Jan
14
-Nopar
149
-
104
39
Jan
16
40
Jan
32
Jan
140
Jan
15
Jan
13
Jan
16
Jan
8
14% Jan
113/4 Jan
24
66% Jan
114
93/4
7
45
,
2
10% Jan
7:
104; .Jan 13
106 '§ Jan
34 % Jan
2'
OVa Jan
SO^ Jan 14
4/ Jan 13
100, .' lO^a, Jan 13
23% Jan
51% Jan
24
13% Jan
6
28
30
Jan
-
2
6
f
62
Jan
3
127
Jan
3
5
62% Jan
7
;52
/ Jan
70
Apr
23% July' ;S
45
Apr :
,'28% Dec
43% Sep
lllVi Sep
57% Dec
65%
20% Jan
3
22%
53
Jan
7
53 Va Jan
—Nopar
Nopar
44
Jan
16
18
16
22
23
23
,
19
62
56
Jan
Oct
341/4 Jan
36
42
Jan
13
49
Jan
2
15
Jan
14
16
Ye Jan
24
8
106
Jan
6
14% Jan
3
13% Sep
27 Va Aug
36% Jan 22
40
Jan
3
323/4
Oct
49
109% Jan 14
111
Jan
10
108%
Jun
93/4
Oct
13
Jan
15
1
34
Sep
14% Sep
102
22V4
Oct
Jun
•109%
Feb
May
II41/4 Jan
10
11% Jan
3
14% Jan
24
—50
& Bro
/
May
66 3A May
105Va Jan
-
a—
/'./
Jan
Nov
Oct
40
rl57/a
3/a Jan 20
Dec
Jun >a
104%:May
65% Dec //j
307/a Apr
Nov
50% Sep
22
Jan
21% Jan
.
Jan 13
213/s Jan
48
Jari~18
64
135%
Dec
20
—
10
50
May
17% Jan'
Dec
16
Mar
44
•
Dec
16
551/2 Jan 16
-il
129
■"■,
Oct
42
113/4
553/i Jan
Nopar
Co
19'
•
>
Apr
Dec
18%/May
'
Sep
Sep
5% Oct
119%Jan
..
i5
60
Apr
8% Oct
2
Jan
26 3/a Mar
68%
28
,
,
119% July
100
6*
Jan 15
45 '
Oct
<Oct
40V4
"
7% Jan
:
jan
/July
14% Dec
105% Dec
7
103A Jan 16
-20
62V2
173
"
10% Nov
7
1.25
<45 3/a May
(Oct
59% Jan
Nopar
Va, APt
>18% Feb
Nov
150
55^ Jan 15
'
113
Nov
10
Jan
21
,
77
May
110% July
61Va Jun
10Va Oct
31Va Feb
Jan
.
Jun
"
343/4 Jan
100
Apr
107 Va Aug
Oct
16
105
Apr
Jun
24% Jan
;
/Jan 24
17%. Jan 10
68
Jan
17
25 % Jan
203/a-Jan 16 .</
.43
Jan
49 % Jan
97% Jan
Inc
Corp—Corp___
preferred
37% Jan
2
393/4 Jan
20
331/2 Nov
55%
Feb
54
6
55
20
50
70
Jun
Nopar
Jan
Jan
Jan
22
Dec
.11%
6,400
National
18
19%
19%
37%
38
27%
13%
*16
38
>
223/4
*104
aj
823/s
>13%;
.
>163/4
94%
26%
27
.
153/4"
•11%
,
..
■
13%
16%
93%
26%
15%
5U%
:3iy8
14,600
18% •18 3/a
38
23 %
„
•20%
38
:
22%
;233/a
IO43/4. 105
33
3.00
9^800
,100
.
33%
,5,800
-187
168*165
:.
7Va.
7Va
*25%
26
2-200
30;200
187%.
*165
168
••c-.-7
*25
170
Nat City Lines Inc
;
$4.50.
7:
i;io6
'
25%.
preferred
A
>
23
34
National
17
Dec
9
25V8
Oct
-Jan
,24% Jan
7
22%
Oct
9
91%
NOV
39V2 Jan
13
4
.12% Jan
6
180
,
/NOV
48%
;
48...
.
1%
1%
82%
82%
.
■
a
28
,
■
133/4
94
28:
273/4
,
,
1
..
1%
.
.15%
11%
11%
1%
15%
51%
11%
;
Oil
Products
Jan
'
14% Jan
7
13
Oct.
24% Aug
o
37% Jan
2
24 '<■'■•
Feb
38 3/a
Dec
.171/8 Jan
Aug
30
-
par
1
38
Jan 23
160% Jan
15
Oct
23
30
Sep
45%
Apr
,15s% Nov
34%
Jun
6
2
19% Noy
Jan
3
31% Nov
251/2 Jan
I05 v jan
37% Jan 23
•
6
3
Jan
22% Jan
2
16%
41
103% Jan 6
31% Jan 16183% Jan
6
..
35 Va Jan
2
164
<•;■.-
a
84
:
13,200
5,600
27%
"?700
14
National Sugar Ref Co__Nopar
National Supply (The) Pa„—
10
102%-Oct
6
Jun
Jan
.
V Sep
Dec
207;. July,
Jan
16
X149
Oct
173
2
.6% NOV
6
20% Oct
53V4 Jan
d 3% Jan
6
2
41% Sep
IV4 Aug.
86
7
■416%
*93%
6,700
17
1,000
r!$2 conv preferred--40
% % preferred-^—-——-^-100
94%
i
283/4
29 % i
15%
15%
-4,100
1,600
Nat Vulcanized Fibre Co
12
2,000
Natomas
250
::4
National
Tea'
Co
Co—
10
1
—:—-No par.
.
2
16
.
27% Jan 13
12% Jan 13
163/a Jan 17 ;
93
Jan
7
24
Jap 13
15% Jan 20
11 Va Jan
3
..
Jan
'.75
Sep
25% Dec
11% Nov
28% Jan 10
15V» Jan
6
•
*
:
17% Jan
7
943/4 Jan. 18
89
Nov,
2,91/2 Jan 24
21%
Oct;
163/8 Jan
9
14 3% Nor
Jan 24
10% Sep
12
Apr
27
178
7Vs Jan
l%Jan
40%
9
14
27V4 Jan
79 % Jan
Jan
33%
108%
47
National Power & Lt-ex distribution
National Steel Corp————25
27%;
13%
•
6-73/4
Oct
63/4 Jan 16
Jan-20
32% Aug
Jan
.188
<
■
23% Jan 14
4
45%
NOV
,•20% Jan
17% Jan 16
21% Jan 16
•
31
1
16Va Jan 13•
-No par
Co—
Jan
Apr
37% May
205V4 Apr /
323/4 Apr
21% Feb
153/4 Jan 23
1
83%
27%
94% ••94%
i2T%
28%
'15%
.
50
.83
13% ;:,14
.*16%
17
163/4
;
;
.43
28 3/4
345%
>
203/4 jOct
183
2.
20% May
Sep
4
30% Jan
Jan 10
Jan
10
13 Va
6
-Jan
Jan
Jan
-32% Jan 13
National; Linen Service Corp new—1
700
25
Jan.
May
,l3% .Ja,n 24;
1
B—i——1—100
Nat Mall & St'l Cast Co
Jan
13
11% Jan
—100
300
.
Jan 13
v
Sep
14% Nov
?157/a Jan 10
Jan
—...
preferred—No par
National Lead Co——————10
preferred
T23/4 Jan
Jan 15
182
.conv
'.1%
16
27
Dairy ^Products——
Nopar
National Dept
Stores-———_5.
National; Distillers Products Nopar
Nat Enam; & Stamping.:—_No
National .Gypsum «Co_
6
Jan
11% Jan <13
—1
;
27
16 V2 Jan
25%
52%
413/4
34%
Oct
6
23
14
Nat
6%
-
Highest
I per share
Oct
23
Jan
•,
24
100
Container———;
Cylinder • Gas Co—
13
27% Jan 20
Jan 13
•
,1%
*27%
•
•
25%
*47 V4
27%
93
7'/a
*24%
.
.
>
20Va
...
*7
36%
18%
37%
,104%. 104'A
.32% •33%
3 87
187
•188
•168
30V4
.4',900
20 3/a
.
23
.
32%
*486%
31
:
'
231/4
1043/4
*165
49
preferred————
National
:
<12%
18Va Jan
share
13
-1
Nat Bond
Share Corp.—No par
National Can Corp.—.——10
Nat Gash 'Register——.——Nopar
6,000
35
!l6Va
,30
>25 %
7%
23%
133/4
17%
*47%
185
16
.31%
/
18,300
Inc
2
f per
30
25
1
Fibres
Jan
$ per share
273/4 Jan 13
National -Aviation tGorp————5
National battery Co—
4
National Biscuit Co common—-10
100
35%
15%
14%
1
Airlines
Automotive
153/4
34%
5
100
1,400
,
Nat
35. Va
343/a
Corp
Co
National
13%
16%
:
Acme
8,600
4,200
12 3/8
13%
30 Va
;■
National
13%
,
.17%
19%
9?
Nash-Kelvinator
Nashville Chatt & St Louis
.4,700
•3,100
17%
>32 '/4
290
5,400
.13%
363/4
32
1043/4
59,000
•
36%
17Va
;
18%
Year 1946
Lowest
3
'11'%
•36%
31%
193/4
*23
,
Range Since January 1
Lowest
Highest
I per share
14
16
38
*180
123%
Range for Prevlona
NEW YORK STOCK
EXCHANGE
Week
353/4
34
16%'
;1%
813/4 ,82%
;
12
13%
34%
*15%
r 11%
12
17%
24
15%
page 551
12%
*23
26%
11%
11%
24
>1%
,94%
11%
11%
153/4
*223/4
.
,
13%
14
"
;
13%
11%:
*24%
1%
•
13%
*14%
*
82
15%
133/a
283/4
*23V2
7
'
26%
26%
28
11%
168
47
,♦93%
26
283/4
24
188
■16%
18Va
26%
185
7
16%
Oct
16
Shares
17%
35 3/s
31%
$ per share
26
*180
188
<27%
14%
1087/a Mar
Nov
Jan
2
STOCKS
the
28%
,11%
,223/4
25
27%
Dec
20
22
18
1
-J-5
Murray Corp of America—
Sales for
Jan.24
17%
185
*164
,82
300
28%
185
7
.13%
56
Friday
•Jan. 23
$ per share
28V4
*180 '
188
41%
400
Jan
66% Jun
102
10
-
12,300
:
;
6
59% Jan
—
& Co
Brass
69
39% Nov
18
Mfg Co class B——
1
preferred
Nopar
Munsingwear Inc_
.5
Murphy Co (G C) com
———1
4%% preferred
100
80
-
14%
40%
263/4
13
28 •%
1^8
ffi
111
14
*54%
Jan
$7
1,100
2,000
37
16%
.36
*104
33
*
13%
28%
1,1%
18%
*36%.
23%
*164
'
•
104%
7%
25% 125%
;
193/8
*187
168*
Mueller
Sep
Sep
44 % Sep
>.
30% Jan
Mullins
10
*39
55
(John)
200
263/4
."
35
34
38
32%
*223/4
_16
17% :
.104
;
14%
Thursday
Jan.22
14
.
32%
; .23
33%
188/
,
.
16
■
19%
38
23%
.
12
18
*37
28%
36 Va
33
.<
*23 Va
*180
14%
34% '
.
,16%
17%
19%
24
113/4
35%
14 V8
.
44%
35%
32%
24
'29%
185
*23
.
*110
41
55
I per share
17%
273/4
28%
28%
111
133/a
'•38%
39%
55%
Wednesday
Jan.21
$ per share
*23 Va
13%
39
*54%
Tuesday
.
Jan.20
*180
*110
Morrell
Apr
46V4 May
48% Apr
30
23%
6
Apr
May
43
122
24% Jan
paid-
Lines
pfd—:
cum
1,100
16%
37
$2.50
900
107
13
36%
.
46
16
*106
36%
111
13
40
16
13
Moore-McCormack
200
48%
*45%
107
2,200
Oct
Dec
LOW AND HIGH SALE
PRICES
Monday
29%
36%
*110
55
153/4
*48
13
Installment rets 75%
22
54%
*71.
J:
;
25
102%
102
pfd.100
—
Montgomery Ward & Co
*57
*106
13
36%
110%
55
15%
107%
*1061%
37
*39
45
*15%
106
13%
39%
185
*23
45
.
Sep
42
;
5
Products
23
55
25
29%
15,900
47
15%
*180
58Va
.
53%
*57
12%
15
573A
500
21%
57
.
5,200
125
Mar
2
Monarch Mach Tool—,
—No par
Monsanto Chemical Co common—5
$3.25 preferred series A—Nopar
47
39%
26
58
573/4
30O
54%
13
29%
14% - 14%
573/a
*1211/2
:
A
118
—1
—
1,500
29
*53
15%
*110%
29
57%
*571/2
57%
123%
1,100
•*
12
*
Jun
Nopar
RR———
r; 7% preferred series A—,
MofiaWk Carpet Mills
Mojud Hosiery Co. Inc—.
10,900
Jun
May
14
—-
"
48
12
29
123%
57%
23%
48
12
30
57%
123
56%
46%
12
57%
123
57%
22%
—
17
55
16
Mo-Kan-Texas
.
>fJ3/a
6%
'29
v
Oct
Sep
.Jan
9,000
:
31%
NOV
-97
9%
-Jan
1,100
110
31%
93% Dec
28
Minn Min &
Mfg—————No par
Minn Moline Power
Impl
-1
: ;$6.50
preferred
No par
Mission Corp
h,
10
*45%
20
37
17%
122
31%
6%
22%
Nov
70
May
112% May
Dec
45Va
111 I
7
50
—
*55%
21%
23%
*13 Va
$ per share
56%
9%
*105
110
46%
12%
29
£300
4,600
38% May
204 %
213/4 Jan
,.
610
563/4
9%
Oct
Sep
Jan
103
Jan
iMinn St>P & SS M A
2,800
113/
.56%
Apr
48% May
45% Nov
,
44
Minneap & St Louis Ry new-No par
12%
vtc——Nopar '
10
Minn-Honeywell Regulator—
_3
58%
•
3.20%
conv
pfd series A
100, -111.
2,000
591/4
113
10
22
45%
29
56%
56
46
*106
Jan. 18
*11%
30
563/a
22
15%
Saturday
45%
11%
22%
58%
<
Jun
243/4
14
conv
55
19%
13%
21%
11%
30%
75
27%
16
-1
Midland Steel Products
%(Jo cum 1st preferred—
50
5,400
11%
56%
31%
6%
500
13
59'/4
*104
31%
6%
383/4
151
13
Feb
Oct
Sep
-
195
15
100
-
Copper
-Mid-Continent Petroleum
2,000
45%
12%
50% Jan
Corp__
(Tne;
47
22%
111%
•
45%
11%
*29
58%
•44
13%
22
45%
122
*53
38
21%
11%
*45%
107%
110
*6%
383/4
114
93/4
35%
Jan
57% Apr
.112% Mar
Sep
Sep
48
35% Jan
—Nopar
Miami
20%
Oct
Feb
__1
Metropolitan Edison 3.90%
1,400
11%
-10
Co
$3.50 cum preferred
Mesta
Machine
Co
130
14Va
•*l
Nov
31.
Jan
8
•
Dec
1
r18
102
V'V/4
.
11%
7
^No par
Sep
305/«
13
Merck & Co Inc
300
300
26 %;Jan
■
16
37% Jan
Aug
16% Apr
Nov
X109
13
Jan
526
Oct
"7%
2'
44% Jan
26'% Jan
Jun
8%
46% May
13
xl09Vs Jan
:——
/_1
1st preferred—
50
Mercantile. Stores Co Ltd—No par
Merch & Min Trans Co..
No
5%
Jan
27% Jan
Co
Mfg
'<11% Sep
'»%•
y
5
InQ^
Nov
Dec
3 Va
,2
par
<1,700
*148
12%
11%
5.6%
9%
31%
63/4
29 Va
*56%
21%
16
*104
•
31%
6%
11%
23
9%
313/4
29 Va
20%
110
56
601
14%
150
12 %
-
300
99%
Co
Mengei
30
46
35%
Melville Shoe
1,900
„
Robblns
Apr
30% May
12'/a "Oct
,47'/4Janl8
101
111%
xl7%
26
16
Jan
10
Oct
Sep
•
44 V2 Jan 24
103% Jan 20
94
-May
Sep
520
2
Jan
Jun
.65
12%
Jan 20
187
42% May
46% Jan.
.
16%
133/4
'■
13
1
preferred
2nd preferred
<4%
•
2,900
*106'A 107
38%
150
12%
55%
9%
*
46 V4
47
*7
*104
22%
57%
46%
114
56 3/a
7Va
46
55
12
'37
150
12%
114
56
9%
32
■
21%
*44
*164
114
10
110
*53
*25%
*148
"
35%
114
22%
16%
150/
38%
60
14%
114
.22%
*55
1493/4
*37
600
J
per share
160
<
NOV
1063/4
'
16
No par
Co—
;4%%
,2,jou
433/4
*451/2
107
14
36
50
223A
99%
46
*106 V4
14
563/4
57
*38%
106 %
35%
113
122
13%
603/4
100%
10%
59
*110
60%
'
&
McQuay-Norris
Mead Corp—
.2,100
19%
45 '/a
59
*104
'
V4 Jan 22.
28%, Jan -3
100
Co
Pub
$4 preferred
McLellan Stores
800
-2,200
68
18%
43*%
*99%
11%
58%
*57%
13%
106%
373/4
68
46
14%
*37%
22%
Electric
McKesson
.
At
22
preferred
conv
McGraw-Hill
473/4
2*
<19%
•43%
100
*43%
59
9%
12
37%
44
60%
*46
31/2%
McGraw
—
223/4
68
18%
43%
100
46
48
*63 Va
19
11%
56
37%
30
No par
Mclntyre. Porcupine-Mines-
*103% 104:
2*%
213/4
68
58%
125
*106
'*
59%
*122%
15%
213/4
60%
106%
104
2* Va
58%
113
30%
59%
23
48
24%
35%
6%
*45
48
60 %
,10%
47
23%
*103%
12%
31%
20%
19
10%
6%
,
30
19
10%
23
11%
30
18%
12%'
,32%
58
30
1
;
2,400
,
32
'Sep
140 / Dec
38% >Oct
:
■;<■
14: ;:
53 % Jan
1
1st
1,500
104
18%
-
1,100
.
373A
*102%
223/4
23
14%
373/4
37%
900
-
-
.
30
13
31%
♦6%
*29
*>7
37%
*102% 104
60
' 410
*45%
54
35
149
•22%
.
28V4
53%
11%
56%
•
28 %
11
113%
56%
28%
53%
14%
*12%
61
112%
700
36 Va
.
149
13%
11%
14%
30
38V2
Highest
•
| per share / ■ $
30% Jan 24/A
14% Jan 16
McCall
101%
30
*43
99%
*43%
106%
*35%
37%
149
;12%
99%
46%
1063/a
..
36%
38%
101
*44%
106%
107%
14%
.
*99%
47
*106%
1,700
271/4
-1
qum preferred—r-No par
Corp
--*.
McCrory Stores Corp—'
--1
'
38%
183/4
60%
101
'
48%
223/4
213/4
18%
$6
•
•263/4
101%
103
*63%
44%
.<60%
61%
37%
.23%
75'
19
•
per share
ll3/4.Jan 23
•
523/4
18%
18%
*103% 104
24%
*43
*48
27%
500
400
*27%
104
48
203/4
103/4
47%
29
48
23%
*64
^ i-f
v
Year 1946
Lowest
,
29% Jan 22
109
*
112
22 3/a
inu.
22%
22
75
22%
29%
18
48
•23%
37%
10%
*46
.
—
80
383/4
53
*102%
*28
19
104
48
37%
'•
,
-.100
7$r preferred
,
100:
May Dept Stores——
-5
-$3.75 -preferred
——Nopar
$3.40. cum pfd
No par
-Maytag Co
i
par
$3 preferred--—
-mm.Nopar
170
-
100
——No par
Co
Elec C0^—_——
;t- Mathieson Alkali Wks—
10
95
*110
48%
38 3/4
28%
52
10%
263/4
Master
3,700
104%
*94
47%
*101
38%
*27%
104
22 3/a
29%
19
*103%
48%
31%
*102%
:
22%
29%
19%*
104
*47%
104
22%
30%
19%
*103%
38%
T
*102%
Range for Prevfoui
January 1
/ 10 Va Jan 13
12% Jan 14
-Martin-Parry Corp—.
—Nopar:
Masonite Corp—
————Nopar
-
3",000
45%
&
—-
800
195
44%
1043/a
Ry 6%- prior-pfd,
-4%% -preferred—
Martin (Glenn L) <Co-i—-
2,200
*187
St
Marshall-Field
4,100
-
112
48 3/a
.
103
38%
11,700
95
47%
Market
70
•t 5,700
"
*110
+
160
;
i—1
„
5,900
45%
-104 3/a
-10%
47%
112
2 6 3/4
28%
22%
per share
;
No par
Manhattan
Shirt-—5"
27
Jan
Maracaibo Oil
Exploration—- <3% Jan
Marathon Corp
6.25
•/ 25 V4 Jan
Marine -Midland
Corp—,
5
:
7 % Jan
800
>
•190
*93%
10%
47%
29
38%
'" '^'t
Par
Co_^-.-U»
Mandel Bros..
2,400
293/4
*104
95
*110
39
104
'■
'Range Since
niaueat
//
rManati Sugar
:
400
1,900
31%
-45%
-•
1Q4
*10a/8
47
112
39
*22
—
■
fill
190
45%
46%
29
*102%
31%
195
•,45%
10%
29%
*51%
56
*93%
38%
52
1
.
1,200
.'1,300
.16% i 17%
*55%
56%
30%
30%
■31%
31%
30%
*7 87
95
28%
.
56
301/4
45%
29%
16%
31.
104%
*44%
-
29%
<16
38%
51%
"
r
JdacAndrews &' Forbes —.U10/;37%.Jan
;16
6% preferred1
-100
140
Jan <13
Mack Trucks
Inc—„-s.-«~„,t-Noipar 43 > Jan " 2
//M&cy ;IR H> Colnc,;—,,—-Nopar
' 37%, Jan .13
!
$4%^ -pfd series ^A———100
.107% Jan
: Madisop Square
Qarden-—-Nopar -13% Jan 16
<
vMagiua*<3opper——10
1 17% Jan '16
-..Magnavoi Co (The)—,
-1 " *14% Jan
6
;
Mahoning Coal vRR Co—,
--50
3,100
7%
31
29%,
30 %
195
*110
27%
102%
1
:
200
2,500
11%
AllO
10 %"
47
•
■..>!
••
.
•253/4.
7%
11%
.
31%
*93%
46
;
12
109%
443/4
112
45%
"7%
.7%
57%
303/4
*104
-4'"
;.~25%
31%
•
*187
10%
*44 %
28
56
95
*110
-45%
*100
/
29%:,
4
25%
109%
30%
45%
:.29.%
/
4
,
•12
16
30
104
10%
112.
45%
300
,
31%
16
195
•
94
19%
*110
<*107% 109'/a
*10% «,103/4, i
.133/a
13%.
.
-
30%
109%
»
.31 Va
31
103%
73/4
12%
30%
45%
104%
"
■
NEW YORK STOCK
EXCHANGE/-
.<•
1,900;
-
29%
*3%
.25%
.
.
,
*109
58
<
30%
*187
1Q4%
■
•/
,
103/4
13%
28%
3%
7%
16
*57%
31%
26
29%
,
313/4
16
33
30%
3%
25%
*12
<30%
109 '
31%
57
*187
-
520
10%
*12%
13%
28%
<
7%
"12.
109'
32
?17
•
26%
'
12
11
13%
V
30
.*109,v ' 109%
;
10%
4/
25%
7%
30%
;;-3i%
; .16%
-39
-
28%
29
4,'"".
'
: 7%
': 42%
!,!■!
—
.
'4
25%
:4%
,<
.'38%
>
16
*425
i-ip.■>.»,.
VV
2,900
•v-
18 Va
16
520
in.,
/,'•/—
41Y*
,..<
•11%
13%
V
14%
18 Va
•
16
<
1093/4
*>14
18%
"15%
*425
»27J
*107%
ojiii
/-
152
446%
39 U
;
si.
Shares
■
^38% /38%
*145-
.'
46%
.39
.
tper share
152
46
1
Sales for
rtheWeek
Jan. 24 ;■
$ per share
38%
*145
393/s
',1073/4
'
;
-
46
39%
.
*37%
152
46;
Friday
•
Jan. ;28
t per share
Ul'.
STOCKS
Thursday
Jan.22
;
*t: per share
*146
■
Wednesday
Jan. 21
,
11%
NEW YORK STOCK RECORD
LOW AND HIGH
SALE PRICES
Monday
'Jan. 18
THE:CPJ|lllCERPIAt £ JfJNANCIAt CHRONIC1®
161/4 Dec
Apr
10% Aug
415/a
Feb
Monday, January 27, 1947
CHRONICLE
THE COMMERCIAL & FINANCIAL
NEW YORK STOCK RECORD
LOW AND
HIGH SALE
Monday
•'>
Jan. 18
Tuesday
Wednesday
Jan.29
Saturday
Jah,2l
Jan.22
I per share
'
22
t per
$ per share
22%
22%
17
17
*106%
32%
102%
Jan.23
$ per share
21%
21%
*•:,
22
171/4
17%
173/a
*1061/2
IO81/2
*1061/2
108%
*106%
31%-
32%- 32%
103%
*107
109%
17%
*17%
17%
*31%
32%
*102%
103%
108%
*106%
108%
*107
IO91/2
*107
109%
*38
39%
29%
*38
39%
38
38
373%
373/4
'37%
373/4
*37%
39
29
29%
28%
29%
28%
28%
27%
281/2
28%
29
29%
*99%
101
*99%
*100
102
19
19%
42%
42%
18%
18%
102
*993/4
102
19
*993/4
101
101
4%%
.
19%
19%
19%
19%
Newport
*41%
42yz
42
42%
New
19
19%
19
19%
New
36
N
*94
17%
62
•230:
2807
105%
/ 12%
41%
41%
41%
18%
191/4
32%
*30
32%
94'A
*93
94%
*94%
18
*173/a
18
18..
18
N Y
25
*20%
25
23 %
23%
New York
17%
25
*104
>18%
19%
.
18
17%
.♦20% .25
*57
j -62
17%
,
♦57
19
43
*93
95%
♦22
18%
42 •;
32%
.
*20%
33
96%
61
*230
280
*230
105 %
* 103 %
105
*104% 105
103 %
12 Vak "12%
121'f
12
226 %
122
41
> 31
114%
114%
113%
19%
18%
>122
12%
12%
12%
*38%
40%
*38%
' 40%
226%
225
229
122
*121
122%
121
121
31%
18 3/4
61
'223%
*121
31%
12%
31%
10
10%
■."■*113%-115%
19%
12
10
*113% 115%
18%
18%
19%
32
9%
*113%
>114
19%
115%
19
115%
18%
19%
Northern
Northern
*101% 102
18%
*101%
102
18%-
18%
43%
V
44
101% 102
18%
45
:
18
*101% 102
101%
18%
Northwest
44%
Northwestern
12%
18
43%
43%
12%
12%
12
12
*11%
12
17
17%
*17
17%
12%
*38
*17
38%
*109%
22%
*20%
115%
.
30
*23
;
T63%
>*24;:Z.*. 25
;
*24
"".v94
:
92
370
1,400
11%
11%
>115%
115%
150
25
*22%
25-
100
11%
29%
160
25
>
8,100
115
11%
162
75%
21%
22%
103%
22%
103
115
30%
*88
*88
*20%
22%
103%
*23
25
160%
21%
22%
160
'
*24
24%
*88
92
4
76
" 76
"
161%
*
25
*88
•
75%
30"
30%
•
76%
30%
161%
240
2592-
79
29%
9%
113%
17%
600
20
99
No par
2.50
—
2,900-
6
Jan 13
Jan 16
Jan 4
Jan 13
Jan
102
2
21%
45%
12%
18%
17
Jan 16
42%'Jan 10
12
Jan 6
16% Jan 13
50
6
9
2
Sep
95% Oct
18% Nov
36% Oct
Jan 10
Jan 23
Jan 2
13%
Sep
79
Jan 24
Oct
26
Sep
16%
61% May
Jun
135
Oct
53%
Oct.
Feb
113% Mar
28% Feb
325
Jun
275
102
Dec
11% Nov
53
Jan
288% Apr
129
Aug
39% Apr
16% Feb
31% Oct
223
NOV
119
Dec
23% Oct
9% Dec
111'
Jan
16%
Jan 15
7
Jan
Jau
9
6
108% Jun
2
19% Feb
9
19% May
25
May
Nov
16%
Dec
37% Nov
3WU feP
29% July
22% Jun
Sep
^°y
99% Oct
7
Jan 20
8
2
6
31% Jan 7
163% Jan 18
>
25
93
<
79
Sep
25
Dec
26
Oct
.158 „Sep
Jan 24
19 A Dec
Jan 4 ' 86% Oct
Jan 24
69% Nov
Jan
Jan
51% May
*
14
12
111% May
-49
19% Jan
,*51 ; • 55
V.*26% \.28 ;
.42/
42'%
'61%
29%
*60%
;
29
y
.
;
*60%
61%
•
20%
; 29
2
2Vs
•
165
,2%"
;
165
-'5%
'
54% Sep
165%
2
2%
5
;
41%.
5%
6.%
H Va Dec
13
20% Apr
Oct
56% Apr
Apr
14% Jan
Dec
4% Dec
56
Sep
111
Oct
110
100
6%
72%
105 %
*107 A 110.
,90% Apr
27%
si ■"
52
May
39% July
27% Oct
"
27%'
:*48 ;■:
34% Apr
:12% Feb
27' Jan
37% Jan
417/a
■
11% Feb
5% Oct
12
*104%' 106
72%
2% Dec
181% July
18% NOV
16
*15%
>•
■
Dec
Dec
Oct
•
•
;,6%
,
164
165%
.:■//5%^ '5%
5%
Oct
.28 %
123% -123%
122% 123%
47% Jun
67% Jdn
48 >. Apr
160% Jun
122% Oct
'
Mar
48
Dec
24
36% Oct
;
42
-42%
1
'
25% July
86% Mar
Nov
r
Apr
100
12% Dec
16
:
Feb
39%
180% May
35
Jun
10% Oct
*11%
'
Jun
36
xll9% Jan
17% Jan
120
Feb
11% Jan
116
25
Jan
112
21
2
23% Jan
104
Oct
44
Jan
104% Nov
56% Jan
55% Jan
18% Nov
6
2
9
May
117
36
Oct
96% Dec
21% Jan
21% Jan 11
20% Jan 16
101% Jan 13
10% Jan 13
114V2 Jan 18
21% Jan 15
28% Jan 13
160
Jan 23
.22% Jan 2
88
Jan 18
73% Jan 16
37% Feb
41% May
76.; May
Dec
21%
24"% Jan
21% Jan 16
•
Oct
27
Jan
Jan
Jan
Jan
38
110
35% Jan 2
109V2 Jan 13
' Oppenheim Collins ——,
10
Otis Elevator com •—
No par
6%
preferred ——-—100 '
Outboard Marine & Mfg -—2.50
Outlet Co
-—No par v
' Owens-Illinois Glasa CO——12,50 7
7,800
Jan
Dec
30%
2
105% Jan 11
12% Jan 20
43. Jan 7
244
Jan 6
122% Jan 4
33% Jan 7
103/a Jan 7
115% Jan 11
20% Jan 2
41% Jan 18
120
—.100
Ohio Oil Co
—.
No par
Oklahoma Gas & Elec 4% pfd—20
Oliver Cprp
No par
4%% convertible preferred—.100
Omnibus Corp (The) -.
6
8% conv preferred A ——100
8,100
25% Nov
106
18
Jan 20
23% Jan 24
62% Jan 3
223% Jan 22
Dec
(' Dec
103% Nov •
-
Ohio Edison Co
4.40% preferred
500
22%
22%
103%
116 u
29%
'
22%
*20%
22
115
25%
30%
*162
21%
21%
37%
111%
>110
111%
22%
103% 103%
11%
11%
11%: 11%
115%
*23%
*110
22%
*20%
22%
104
1
111
22%
21%
21%
104
*109%
37%
37%
37%
111
22%
18%
18
19% Jan
103% Jan 15
11% Jan 3
No par
10
pfd $3.60 series
Airlines Inc
Telegraph-™
Norwalk Tire & Rubber
Norwich Pharmacal Co
18%
44%
38
44%
Jan 16
Jan 10
Jan 13
Jan 7
40% Jan
30% Jan
100
Jan
43%
19 %
37
96
16%
104
(Minn)
Cum
101%
101%
101%
18
*43%
17
*44
Pacific Ry
States Power Co
6
13
14
13
13
16
13
13
13
16% Jan 13
10
1
50
100
Co
Aviation
Co
Northern Central Ry
106%
33
104
108%
16
17
18
22
Jan 13
62% Jan /3
non-cum
North American
Jan
88
City Omnibus Corp
Dock
North American
43%
10
31%
9% -"10
31%
100
100
No par
No par
preferred
No par
N Y & Harlem RR Co.™
..-->-50
N Y Power & Light 3.90% pfd__100
N Y Shipbldg Corp part stk
1
Noblitt-Sparks Industries
5
Norfolk & Western Ry
100
Adjust 4% non-cum pfd
100
104%
41
York
17% Jan 23
40% Jan
16
Jan
32
Jan
No par
No par
Brake
Central
Y Chic & St Louis Co
preferred series A
York Air
$5
280
104%
224
97/a
113%
19%
12
*57
>232
280
*38%
225%
31%
61
'
223%
41
225/'
122
317/8
10%
.9%
12
*38%
>
*57
*
*34%
33% '-35
280
*39 Viz
32%
10%
33
*57
226 %
10
191/4
*
41%
31%
42
18%
*230
122
*121
19%
,
*41
105
1047/a
12%
•
—19
-
280
*230"
227%
226
10
1
preferred
100
News Ship & Dry Dock—1
18%
y
100
4% pfd_100
,
,
32% Jan
22
Sep
109% Aug
43% May
110% May
113
Oct
50
Apr
45
Jun
109% Jun
34% Apr
69% Jan
35% Jan
18% Oct
22% Jan 10
106%'Jan
31% Jan
102% Jan
108
Jan
37% Jan
26% Jan
99% Jan
18% Jan
Newport Industries
*107
103
109%
*100
conv
Newberry Co
33%% preferred
New Jersey Pr & Lt Co
Newmont Mining Corp
32%
32%
32%
31%
*107
*107
43/4%
103
109y2
*103
2
16% Jan 15
20% Jan
No par
1
serial preferred
100
(J J) common .No par
Corp
Neisner Bros Inc ney
103'A
31%
IO31/4
109%
103%
500
$ per share
Sper share
t per share
S per share
Par
Nehl
1,700
j
Highest
Lowest
Highest
Lowest
Previous
Year 1946
Range Since January 1
■i ' EXCHANGE
Shares
22%
22
Range for
1
/-NEW YORK STOCK
Sales for
the Week
$ per share
'
22
17%
*102%
-
$ per share
>
22
•
Jan. 24
Friday
.Thursday
17%
17%
*106% 108%
103
32%
102%
share
21%
22
*16%
,
STOCKS1
PRICES
"
Apr
82
Nov
3% Sep
3%
|% Jan
48% May
40%
26
12
Oct
22% Jun
12%
11% Dec
24% Jan
81
12% Dec
'40
**29%
30
64% Sep
40% Nov
>
Jan
Oct
45% Jan
12%
12%
35%
35% Aug
12%
Dec
57% Jun
16% Feb
6'A Oct
17'A Sep
30% Jan
28% Feb
37% Aug
Jan
115 % July
110
Jan
20% Sep
25
Sep
27%
37 %
Nov
51%
43
Jan
68
May
86% Nov
14
Oct
115
Apr
47% Feb
51% Jan
36% Jan
Jun
109 % Jun
43% Mar
100
Oct
75
Oct
28% Sep
132
1C5 % Sep
109
LOW AND
Monday
Jan. 20
$ per share
$ per share
Jan. 21
Wednesday
v
1
Thursday
Jan.22
$ per share
Jan.23
$ per share
$ per share
Friday
Jan.24
$ per share
Sales for
NEW YORK STOCK
Range Since
the Week
EXCHANGE
Lowest
14%'
*14 Vi
14%
14%
14%
14%
14%
14%
14%
56%
57%
57%
58
14%
58%
/14%
57%
58%
58%
59
58%
59
38%
38%
37%
38'A
37%
38%
37%
38%
38%
38%
38%
39%
12,000
55%
55%
55%
55%
55%
55%
55
55%
55%
55%
55
55%
410
105%
*105
*105
106,
*105
26%
27
28%
28%
*115%
117.
*104%
117
26%
20%
26%
26%
26%
7,400
28%
28%
*28%
29 %
117
28%
28%
800
*115% 117
13%
;
12%
13
22%
;
21%
22%
21%
97%
*95%
97%
*95%
42%
41%
>104% 107
*93 %
98%
*104%
42
43%
107
.
*96%
98%
*23
25
116
106
'
116
j107 %
*116
fl08%
116
116
,
4
40
13
13
13%
13%
14
6,600
Phiia
22%
23%
22%
23%
7 900
phllro
97%
97%
97%
98
98
42%
42
42%
42%
42%
7 900
105%
105%
105%
200
41%
41%
106
*96
25
*23
25.
81
81
81
55 %
55%
M%
;/l05% 105"%
98%
*23
*98
*104%
98%
*16%
18
98%
*23
81%
"81
54%
53%
54%
*16%
.17%
*16%
35
*23
Z
54%
*17
18
*34%-35
*104% 106
*104%
*116
*116
'
*97
,98%
25
*87
25
81
*34
f-
*23
*81
84
55
17%
*34%
35
*104%
106
12%
18%
20%
12%
i
98
18%
21
*199
*198
12%
> 97
*18%
54%
*17
54%
*21
*200
41%
40%
7%
19
21%
*199
205
40%
footnotes see page 551,
12%
7%
7%
12%
18%
21
*199
205
41
7%
200
12%
98
$4
21%
3,900
50
—
200
10
39%
40%
6,800
7%
77/a
4,100
series
5
preferred I
100
100
No par
100
—
No par
5
Hosiery
Mills
preferred
Plllsbury
200
2,300
600
3
100
Ltd-i-
Morris & Co.
preferred
Phoenix
18
1
Iron
seriTs'XI"
Phillips Petroleum
3,700
,
19%
nfd
Phillips Jones Corp
rum
nreferred-
ion
107
*97
Coaf &
Coro
1%
3.60^
—
*116
97
Philip
25%
84
& Read
33^ %
130
'
*97
Electric Co~com
No par
preference com
No par
4% nreferred
--——100
22%
*95%
No par
nrpfprred
$1
12%
22
'97%
No par
& Co Inc
(Chas)
Phila
22
12% >12%
81
For
tfi
Ififl
26%
29% v.-29%
106
36% Jan 16
55
Jan 17
Pfizer
,
'
13
42%
*115%
108%
26%',.26%
*105
26%
29%
1
22
*95%
106
26%
♦28%
-1
Phelps-Dodge Corp -25
Philadelphia Co 6% preferred—50
Pfelffer Brewing Co
800
1,600
Jan»»/y 1
S per share
14% Jan 16
53% Jan 16
Par
Sham
56
*14%
25
Inc
Pitts C C & St Louis
Apr
Rang- f«r r-Houi
STOCKS
HIGH SALE PRICES
Tuesday
Mar
14%
8% Dec
Jan. 18-
Jan
40%
21% Sep
16
Oct
Saturday
Dec
RR—
No par
100
Pitts Coke & Chemical Co ..No par
$5 conv preferred
No par
Pitts Consolidation Coal Co
Pittsburgh Forglngs Co
Pitts Ft Wayne & Chic Ry.
1%
preferred l
;
—
Pitts Plate Glass Co—
Pitts Screw & Bolt
1
--1
106
Jan 14
26% Jan 13
26% Jan 3
116
Jan 22
12% Jan 13
21
Jan 16
93% Jan 3
36% Jan
105% Jan
98
Jan
25% Jan
81
2
3
7
3
Jeixx 17
52% Jan 13
16
Jan
7
34 Jan 16
103% Jan 2.
Highest
t per share
15 Jan 6
62% Jan
2
42% Jan
2
68% Jan
107% Jan
2
4
27% Jan 2
29 h Jan 21
117
Jan 3
14% Jan 2
24% Jan 6
98
Jan 24
43% Jan 18
106 Jan 8
99 Jan 11
25 % Jan 3
81 A J&n 22
58% Jan
7
17% Jan 10
36
105
Jan
Jan
6
9
-—--
10% Jan
97
Jan
2
6
18% Jan
20
2
Jan 16
100
--
200
Jan 14
—10
No par
39
Jan 13
7% Jan 13
Jan
6
20% Jan 9
22^ Jan 9
-----
100
13% Jan 18
98
------
Jan
2
42% Jan
8% Jan
2
7
203
Towes?6" 19 ^Highest
Lowest
* ner share
13 Apr
.
4 Jn
29 A Sep
goMay
M y
76% Jan
76%
51A Dec
^"7
Hignesi
$ per share
XL 1/2 «ui
JJCC
24 A Sep
27 A Dec
116
mi/
11% Oct
<ti
20% Dec
89
a?
~
Feb
16% Dec
Jdii
Sep
112 Jun
106% Aug
104% Dec
96% Dec
20 A Oct
49
A
102
Dec
84
y
y
4
? ?
36
..
Ja
*
.
7. ;4 Ja
4i
Jan
29% Sep
36
Dec
Oct
136
May
123
7 h Sep
89%; Dec
Vl /* Nov
xl6% Dec
JSn £
200
J,
30, Sep
7 A Dec
l|/8
Feb
oq/4^
^
106
210
Mar
..a/
48/4 Ja
'-V. I'll'
Volume 165
'.tei.
Number 4563
THE COMMERCIAL & FINANCIAL
CHRONICLE
•«rR
YORK STOCK RECORD
/'ir'.'S'
Saturday
Jan. 18 :i^;:
If.
10%
Monday /
Jan.20
10%
125
.
100
65
*70
71
15
*15
15%
64%
205
20%
64%
205
*67
14%
*195
205
22%
21%
20%
21%
14%
14
14
21%
22
21%
16%
17
17
16%
13%
14%
13%
22%
16%
13 %
13
*39
X62%
28
12%
35
35%
23%
114
122*
122
114
#109
*
»
33
132
22%
109
33
•23
23%
23
122% 122%
134
1213/4
132%
*113
114%
114
55
553/4
56
133
55%
22%
21%
109
109
*106
33
33
22%
109%
33
*22%
23%
,
*22%
8%
*76%
9
15%
14%
14%
14%
*104%
104%
104%
9%
76%
143/B
104%
104%
9
77%
14%
14%
*104% 104%
34%
34%
23%
36%
*35%
35%
*353/4
21%
20%
20%
20%
20 3/4
19%
44%
*42%
44
42%
36%
*37
39
37
*15
16
14%
44
37%
16%
*15%
108%
14%
13%
14%
97
*95%
*25%
14
99
26%
263/4
16
15%
82
*80%
35
35
345/8
*101%
105
14
13%
263/4
8%
7
22%
♦105%
106%
♦105%
1063/4
363/4
37%
35%
118%
14%
14 %
43
42
49
-
14%
*26%
14%
42%
22%
1063/4
35%
35%
*-
101
223/4
*117
5,700
10
26
14%
14%
27%
27%
8%
8%
119
14%
22
55
*23
Jan.18
Jan. 29
I per share
$ per share
51%
49%
49%
*101% 101%
21%
22%
14
8%
14%
28
*8
22
56
;
*24
1113/4
t per share
22%
^
50%
51%
51
103/4
27%
28%
27
273%
26%
27%
21%
22%
263/s
21%
21%
21%
213/4
21%
113%
♦112%
«
sS'i;,
1
.
8%
113%
9%
10%
112
Friday
93/8
113
*50
10
113
503/4
9%
113
285/8
21%
*113
113%
10%
103/4
46
453/4
45
45
45
99%
98%
98 5%
18%
19%
45%
25%
25%
*243/4
8%
*7%
98%
98%
17%
44
8 3/a
8%
35%
243%
8%
36%
36%
36%
13%
133/4
13%
133/4
133/4
*13%
13%
14%
133/4
13%
135/a
133/4
14%
*13%"
133/a
18
13%
15%
14%
15
18%
14%
109
24
24
23%
233/4
22%
31%
31%
31
31%
31
*107
29%
109
29
82
31%
29
29
82
203/4
20
88%
*86
29%
8%
*8%
8%
7%
5%
6
5%
5%
5%
36%
47%
37%
473/4
47%
15%
16
16%
69%
68
35%
36%
353/4
48
16
47%
15%
68
68
■
•
*47
17
*22%
♦16
23
50
37%
*100
*100
323/4
143/4
14%
14%
83/4
36%
83/4
500
27,000
4,100
Sears Roebuck
*51%.
203/4
52%
5;;
170
33%
26%
42%
44%
33%
283/4
73/4
29%
8
73/4
5%
5%
5 5/8
363/4
37%
47%
36%
vi:
4%
-
*51%
*20%
52%
170
*168
33
*51%
203/4
54%
20%
55
*54
170
32%
33
26%
*25%
26
26%
41%
42%
41%
413/4
42%
42%
*70%
19%
For footnotes
see
713/4
*09
80
;*77
77%
*19%
19%
page
<
71
70
77%
19%'
70
38%
383/4
*99%
33
iviiSiSStli/iiri;
'V.-M
V...
-
V:.
.
:■
f. V
Sj/ir®:!Si
..
\
,,
/V.-/v
43/8
8%
>
-
28% Jan
6
1113/4 Jan 24
24% Jan
2
3
107
Jan
15
No par
x32% Jan 13
39
Jan
2
123
Jan
14% Jan
7
143% Jan
9
116
;
.100
Jan
>"Jan
13
12%f Jan 16
41
Jan
2
X47% Jan 22
101
Jan 20
•
.—1
7
49% Jan
7
1013/4 Jan 16
105%
18
24%
12%
Apr
17%
Feb
31% May
110% Jan
24% Sep
105% Sep
r
45%
136
Nov
..43
Feb
5100
Nov
;
Jan ft
Jan
28% Feb:
46% Jun
36% Sep
,
$1.20
•
108% Feb
I
23 *
19
Deo
38
133% Jan
15% Jan
123/4
Oct
30% Jan
25
20% May
44
Apr ft
13% Feb :>i
30% Jun 1/
26
16
Jan
14
Jan
6
Oct
7% Jan
3
21% Jan
13
24
Jan
17
Oct
523/4 Jan
16
60
Jan
40%
Sep
23% Jan
11
25
Jan
213/4
Oct
8% Jan
6%
Oct
Jun
||
65
May -M
34% Jan
Range for Previous
143/4
4%
8
yvv
2
11%
Dec
32% Jan
2
30%
Dec
22
Nov
170
515%
'■168
'32%
33
•21
200
f
800
5
55
2,600
170
33%
33%
70 <M'
26
26%
26
42%
42%
2,600
1,300
17,200
13,300
26%
42
43
; ;i
44% •
433/4
70
70
77
77
77
77
19%
19%
19%
19%
43%
433/4
1713/4
|71%
MW
500
.
-"
.
..
80
900
.
'
.
,
•&&&£-
;
v.
rv
ill
v
:
V'. f:;
49% Jan
7
98% Jan
24
16% Jan
13
43.% Jan
16
243/4 Jan 15
73/s Jan 13
35% Jan 16
11% Jan
2
13% Jan
16
14
Jan
2
Jan
16
Co
No par
No par
15
America
1
4
Jan
23
99
Oct
100
Dec
953/4 Dec
116
Mar
18
Jan t
Aug
61 * JUly [:)
1103/4 Jun f
102% Nov H
100
6
17% Sep
Sep
373/4
4
42
77%
Feb
7
23
Oct
39%
Apr
6% NOV
35% Nov
10% Nov
17%
Feb
49%
Apr
83A Jan
24
39
Jan
2
13% Jan
14
Jan
153/a Jan
110
Jan
Jan
13%
12%
105
17%
23%
Nov
Oct
Dec
Oct
Oct
Jan
81
Jan
6
8
23
793/a Jan 16
77
Jan
19
Jan
13
20% Jan
6
17% Sep
80
Jan
10
90% Jan
14
283/4 Jan 17
7% Jan 16
5% Jan 16
30% Jan
9% Jan
9
6% Jan
2
'
May
123/4 Dec
;1 Dec
34% May
Jan
2
16
42;
'
64
33
193/4 Jan
33% Jan
Jan
Nov
# per share
49
323/4 Jan
Jan 16
53
«
263/4 Jan
25!
.28
Sep
93/4 Nov
•
Highest
18% Jan 20
29
No par
No par
100% Jan
Sep
110%
7
21% Jan 13
No par
A
6
64
Sep
27% Feb
8
Dec
Jan
&
Iron..
preferred
20
_No par
10
20
5%
New
5
South Porto Rico
Sugar
__2Vb par
—.100
Edison..
25
Southern California
Southern Natural Gas Co...
7.50
Pacific Co
No par
Southern Railway
....—JVo par
5 % hon-cum
preferred..—..100
Mobile & Ohio stk tr ctfs.—100
Spalding (A G) & Bros Inc
1
I
233/4 May I
22% July
24%
Jan
1133/4 May
32 % Apr
40% Feb
393/4 May
91% May
263A
•
Apr
87%
Dec
433/4
Jun
:
17% July
14% Feb
Jan
7
493/4 Jan
6
5% Oct
33
Nov
38% Jan
61
13
16% Jan
8
15
Oct
203/4
Jan
67% Jan 16
No par
No par
Southern
ti
2
96% Jan
3
173/8 Jan 21
1
Oil
preferred
553% Jan
108
preferred
r__,..pq
Southeastern Greyhound Lines.
%%
11
1
Oil
of
2
8
44% Jan 22
1
ser
(Frank G)
(W A) Pen
Jan
113% Jan
10% Jan
No.par
...
Socony Vacuum Oil Co Inc..
15
South Am Gold & Platinum
1
South Carolina E & Q
Co—...7.50
21%
55
1
*168
Co
:23
9
14
40% Jan
No par
5
r
515/8
55
Co
16
Jan
9"% Jan
100
Corp
Corp
21% Jan
112
No par
Dohme
pref
45
55% Jan
12% Jan
2
16
16
5
&
15
I per share
7% Jan
100
Smith &. Corona
TypewriterJVo par
.
52%
21
54
-
48% Jan
Year 1946
t per share
24% Jan
No par
—
32,100
6,000
4,800
t per share
Lowest
.100
Del
f
I
i' 50% July f
21%VJan 13
.
Range Since January 1
Lowest
Highest
(A O) Corp
Smith (A) & Sons
Carpet Co
3%%' cum preferred
20
4%
of
■
213/4 Feb t:
40% Feb
118
Apr
Sep
Sep
97
Apr :
34% July
7% Nov
v. 7 $.■' Dec
13% Oct
24% Oct
107% Oct
No par
Smith
100
g
.;,.•
900
'
70
■■
16
110% Jan
3
20% Jan 13
-
10
Corp
Skelly Oil Co...—
©loss-Sheffield Steel
1,000
3,200
33
14%
21
•
'
6
20
STOCK
common
Union
Sinclair
300
100
32
143/4
7%
17%
23
■
7% Jan
14% Jan
25% Jan
104
...
Simonds Saw & Steel
1,500
43%
Mi
,
6% Jan 13
12%! Jan 13
Silver King Coalition Mines..:
5
Simmons Co —,..No
par
13,100
39
*51%
/
19%-
551.
*68%
17%
Shell
Sheraton
15%
77 :
«
77
19%
-
693A
43/8
42
433/4
15%
Shattuck
4,100
5,300
49%
y;.
32%
26%
42%
153/4
Co
Steel
&
Sheaffer
200
49%
14%
52%
26 •
20
7
—5
Rubber
conv
4,500
53/4
*99% IOO
170 ;T>
32%
9% Jan
No par
Sharpe
4,500
38
17%
*223/4
*32
203/4
54%
*168
|v
13
No par
Sharon
47%
50
49
38%
8%
-
37-%
*47
Oil
Inc
$3.50
23
*22%
a
4%
8
42%
77%
17
14%
413/4
71%
.
15%
*68%
373/4
43/8
.
71%
•-'\„77%
*47
153/4
8
543/4
29%
82
5%
4%
203/4
*80
8%
8
52%
Oct
7% Jan
m
45% Apr I ;
27% May
May |!:
50% Jun
■' Oct
20
.100
;
...
2,400
32%
28 3/4
293%
43/8
33
f
'
32%
29%
Servel
290
33
54%
100
No par
.100
preferred series A.
Seiberling
1,000
8%
r; *168
26%
43%
433/4
v
32%
293/4
86
100
20%
56
31%
20%
100
52%
203/4
55
2
24
102
Feb
101
32% Mar
Jan
28 % Jan
No par
series JL
2,300
23%
893/4
29%
7%
*32
14%
Co
5,200
23
20%
33
6
9
13
..10
$4.50 preferred
Shamrock Oil & Gas
89
49 %
38% Jan
Dec
24% Jan
.50c
Seeger Refrigerator Co
30
23
29
5%
Seaboard
1,200
5,500
14%
109
22%
*22% •23
143/4
13%
143/4
109
20%
88%
100
14%
110
82
8
6%
j;%8 tg
14%
*107
*20
*32
14%
36%
16%
49%
9
17
101% Jan
Seagrave Corp
37%
135/8
4%
it
19
8%
37%
*7%
68
37%
16
2
Jan
__1
Corp
Seaboard Air Line vtc
2,700
*100
32%
10,000
1,000
16%
23%
19%
45
253/a
68
49%
37%
37%
18%
*80
-
Jan
27% Jan
25
(The)
433/4
47%
15%
163/4
*48
101
*32
4%
170
49
37%
36%
*47
68
163/4
23%
23
49
*36%
101
*313/4
17
23
50%
37%
Co
253/a
88%
29%
16
19
82
5%
29
33
Safeway Stores
5
5% preferred
100
Savage Arms Corp
5
Schenley Distillers Corp
1.75
Scott Paper Co
No par
$3.40 cum pfd
No par
Scovill Mfg Co. 3.65% cum
pfd_100
Scranton Eiec Co (The)
5
3.35% cum pfd
100
2,100
20
88%
283/4
82
-.10
44
31%
28%
*80%
*19%
16% Jan
2
1
Metals
25
15
28%
*80
89%
18%
23
30%
3
Jan
conv
433/4
109
*22%
16
15% Jan
76
warrants
preferred
25
8%
*107
23
283/4
8%
83/4
18%
14%
109
Jan
par
100
series
preferred
conv
25
*7%
82
88%
89%
29%
v ; 69%
t%. 17 s
Dec
65% Jan 11
1
3%%
44
20%
20%
36%
:
109
18%
44
*243/4
29
*80
203/4
:>
Nov
74
25
No par
Manufacturing Co_JVo
pfd
St Joseph Lead
120
17%
•133/8
13%
13%
8%
Jan
St L-San F Ry Co vtc
Pfd series A 5%
100
44
36%
133/4
5%
125%
2
Par
29,800
99%
17%
*94
243/4
*107
.?•
*983/4
17%
100
183%
13%
89%
*94
25%
36%
29%
99
173/8
100
45
13%
'I
99
17%
*92
18%
133/4
20%
99%
98%
17%
100
*44
993%
98%
17%
*92
44%
44
363/4
13%
*80
Oct
Sep
Jan
EXCHANGE
150
29
163/4
NEW YORK
500
45
T
Apr
112%
Dec
8
13
87
Company
.No par
Roan Antelope
Copper Mines
Royal Typewriter
1
2,900
44%
143/4
31
Sep
12%
76%
26%
14%
Richfield Oil Corp
150
10%
45%
8%
36%
Nov
99
Ritter
1,300
42,000
20,600
5,000
10%
27%
21%
27%
21%
.
10%
18%
Feb
May
Apr
6
Shares
44%
98%
33%
8
the Week
10%
100
39
l63/4 Sep
Jan
Sales for
Jan.24
#per share
44%
17%
32% Nov
2
15% Jan
Jan
12% Jan
100
Ruppert, Jacob
10%
*973/4
10
105
500
43
*92
33
Jan
Dec
105
50c
Inc
24%
103%
:v'S
17% Sep
37
_ioo
.....
Bros
24
44%
98%
13
32
2
21% Jan
3
Jan
Ruberoid
10%
98
112% Feb
49% Feb
353/4 Jan 24
25% Jan
13
Jun
400
43
*98
100% Dec
Apr
46%
1,300
10%
99%
28 %
53%
3,700
45%
99
Jan
96% Mar pf-
Oct
Oct
8 3/s
10%
993/4
7
19
Dec
Sep
21%
45
*98
Nov
76%
15%
15
Preferred 3.60%
Rheem Mfg Co
100
43%
44%
2
3
Jan
9
4
40
Common
2,400
10%
44%
21
355/8 Jan
50
preferred...
.100
Reynolds Spring
...1
Reynolds (R J) Tob class B— ..10
1,200
45%
*441
3
34% Jan
6
Jan
153/4 Jan
104% Jan
36%
59%
21%
Jan
9% Jan
80
2
5%%
%■"4,900
143/8
28
103
13
8
Reynolds
100
23
22%
*26%
'
10%
993/4
25% Aug v
Jan
5% %
1,000
6,600
;•<
?r
49#
101*4
44%
*98
Feb
p--
115% Jun//
38% Feb. :
Jan
*55
51%
22%
45
19%
23% Jan
■
17
$1
200
42
;i4%
;
Jan.23
20%
45%
Sep
7
28% May
Oct
30
38
Republic Steel Corp
6% conv prior pfd ser A
Revere Coper & Brass
2,900
120
101%
I per share
10%
*112
107
X
Jan
44% Jan 18
Republic Aviation
Republic Pictures
20
373/a
42
243/4
21%
113%
3
6
693/a
24
Conv
6,100
108
*47%
Thursday
Jan. 22
50%
9%
■47% Sep
19% Feb
17
Jan
:e
STAriTQ
Wednesday
10%
139% May
Jan
Reliance
300
133/4
'
57
25
6%
119
22
56
28
9%
.
{
$ 150
Jan
& 117% Feb
Nov
15
(Robt) & Co 1st pfd
Reliable Stores Corp.-.
23,400
83/s
22
*23%
14%
363/a
14
22
24%
50%
35
Jan
5
Preferred with
Reo Motors, Inc
273/4
*105 %
42%
*54
$ pet share
/
243/8 Jan
109% Jan
9
Jan
193/8 Jan
Reis
4,700
7,900
1,500
1113/4
22%
49
*26%
Tuesday
Jan. 21
4
112
Jun
126
42% Jan 23
36% Jan 21
LOW AND HIGH SALE PRICES
Monday
16
1
3,400
28%
63/4
120
133/4
42%
*47%
28
8%
22%
55
24
23
56% Jan 24
13
31% Jan
No par
Remington-Rand
14%
36%
*118
14%
*26%
8%
22%
56%
24
Jan
114% Jan 20
215/a Jan
108% Jan
■!s\
25
3,800
27
22%
35%
X42
101
27%
22%
134
13
3078
1153/4
_
50
Reeves
100
83/4
273%
112%
22%
13%
42%
X47%
47%
*101
101%
22%
22%
42%
27%
*105% 108
13
49
22
122% Jan 23
51% Jan
;
_
50
Preferred
14
34%
35%
*101% 105
14%
27
*111
21%
22%
14%
Saturday
*112
400
99
26
63/4
14%
27
106%
♦47%
2
2
Jan
*
4% non-cum 1st preferred
4% non-cum 2nd preferred
Real Silk Hosiery
108%
13%
*94
273/4
6%
111
21%
42%
*54
24%
51
14%
26%
36
47%
118% Jan
113% Jan
4
Feb
71% Apr
67
May '■
; ; 105% May ■•/■'
41
July
j
Oct
Feb
63%
Sep
Sep
1143/4- Aug
119% Jun
108
;V
v >>
38
Dec
103
■
V
Oct
Reading Company
200
15
8%
63/4
1063/4
8%
57
300
39
♦1033/a
105
263/4
8%
111
14%
22%
■
143/4
26%
111
*26%
22%
24
8%
6%
119% 1193/4
*13%
13%
101
22
8%
3,400
15
263%
*101%
263/4
.
101
28
8 3/a
*55
;
47%
101%
22%
14%
22%
8 I
118%
263/4
63/4
21%
♦105%
38%
♦47
*153/4
20
,42
*36%
99
*25%
*101% 105
8%
101%
*94
263%
34%
105
*26%
v
19%
*40
20
21%
17%
15
127
j
100
$2 preferred
1,300
22
115% Jan 24
No par
Raybestos Manhattan
16
26%
24% Jan
109 V4 Jan
2
No par
Rayonier Inc
800
83
8%
14
1,300
9,200
16
111
2
13
36 %
*81
14%
24
Jan
1123/4 Jan
107
Aug
27% Feb
;
Sep
2
Jun
July
I® 25
Dec
31
2
Jan 20
38% Jan
16
22%
16
27%
112%
983/4
12% Jan
353/4
82
14%
98
Nov,:!
31%
22
11% Nov
'
Jun
May ?
29 3%
NOV
11
83/4 Jan
75% Jan
22%
35
26%
32
Jan
34% Jan 16
21% Jan 16
1
36%
82
*110%
323/4 Jan
97
2
363/s
34%
27%
/
Oct
22% Jan
22%
16
112%
22%
53
13
200
X:
Oct
Jan
'
Corp
35%
34%
273/a
14%
26
par
170
82
263/4
121
99
*
*80%
*110%
2
17% Jan
Radio-Keith-Orpheum
Ralston Purina Co 33/4%
pfd
16,400
104
*15%
6%
$§^f-
143/4
14%
16
6%
14%
14
Radio Corp of Amer
No par
$3.50 conv 1st preferreda^No
800
82
6%
Jan
5
Quaker State" Oil Ref Corp..—10
31,600
34%
6%
8
22% Jan
.
38
100
Bakeries
13.
6
14% Jan
40% Jan
9
65% Jan 11
No par
conv preferred --.--.-.--.--H-100
5%
Jan
16
Pure Oil (The)
Purity
13
13
100
No par
—
400
*80%
34%
8%
1
42%
23%
*15%
263/a
...
preferred...
300
Jan
■v
Oct
12% NOV
19
Oct
203/4 Sep
Jan 21
22% Jan
2
13
No par
100
Pub Ser El 61 Gas pfd $5
Pullman Inc...'.
14,200
13
14
92
; :
Feb
Feb
,
343/4- Jan
Nov
Jan
of Colorado
20
of N J com__No por
8%
18
.
Oct
200
21% Jan
13
141
$.1 96%
Dec /
12%
23
62% Jan
*
preferred
50
68%
7
Jan
No par
Inc
$5 preferred
520
563/4
*103
*1033% 108%
133/4
14
14%
*94
83/4
14
108%
*25%
263/4
37
17
95%
83/4
119
35%
*15
26%
*101%
•
Nov
7
15% Jan
22%
Oct
ii'i 59
38% Jan
preferred
15%
105
1
par
Co
7%
82
*101%
14%
22%
19%
*103 3/4
95%
263/4
14
22%
36%
*25%
343/4
21%
21%
15%
12%
No.par
preferred
>/v 6%
9%
35
19%
16%
*103 3/8
35
22%
*36
108%
*253%
*80%
22%
36
*15%
*94
15%
35%
*103%
108 7/s
558
78%
17
16
•1033/a
cum
Service
390
9
37
44
*36%
$4.75
Public
Pub Serv Corp
630
-
*77
42%
36%
44%
38
100
2,700
21,600
900
19%
*42%
44%
*367/a
13 % Jan
.,5
Publicker
133
233/8
14%
143/4
104% 104%
'
36%
23
Plough Ine new
Plymouth Oil Co
Industries
72% Jan
200
Highest
$ per share
Oct
103
4,900
300
1083/4 1083/4
33%
33%
77
21
24'A
13
2
65% Jan 24
14
Jan
2
100 V 200
Jan 23
,..1
18% Jan 13
Pond Creek Pocahontas new..
Poor ft Co class
6,700
9%
76%
34%
22%
23%
16
.1
I per share
R
9
77%
143/4
36
Jan
Jan
4,600
22%
23%
61
67
11% Jan
Year 1946
•;',
Lowest
100
100
Pressed. Steel - Car Co Ine
Tj
4%% preferred ser>A-a-.-.i.-.50
%
Procter & Gamble
114
22%
33%
B__
A
pfd____ioo
Va—.
100
'
9%
76%
*35%
115
22%
23
8%
35%
107%
33
•104%
*35%
108%
115
115
54%
109%
75%
77
1073/4
115
22%
*109
33
34%
233%
I
55%
21%
109
•32%
9%
*75%
54%
343/4
23 %
1145/a
114
;
*98%
34%
23%
class
conv pr
7,100
28%
100%
343/4.
24%
1073/4
115%
122%
,;i 9%
class
ser
63
28
♦98% 100%
-—No par
13%
41%
*39%
62%
.
34%
*1213/4 122%
132% 132%
*113
114%
133,
114
55
22%
23%
8%
132%
114%
54%
283/4
13%
•
23%
107% 108%
114%
131%
33
23%
114%
1
114%
.
54%.
22%
109%
63
*98% 100%
121% 122%
54%.
22%
62%
28
23%
114
114
133/4
40 3%
63%
34%
' 22%
114"
I®
13%
40%
40%
100%
107% 108
121% 121%
*131% 132%
13%
28
*98
23%
•
900
28%
35%
300
1,600
17
64%
107%
114%
14.
16%
40%
22%
22%
163/4
64%
35%
22%
16%
27%
107%
14
21%
1st
Co
Pittsburgh & West
Pitts Young & Ash
pfd
Pittston Co
(The) ■
2,800
16%
*38%
;
21%
20%
*16%
29
35%
.300
f'®20
..
20%
14
400
64%
23%
108
15%
*196%
22
39%
107%'
"i
*14%
5%%
"
22
64%
35%
;..'.,,;23
-
14%
22%
29
98
preferred
*21%
64%
98
5%
22%
29%
98
preferred
490
180
72
*21%
29
*96%
7%
65%
71
20%
14
64%
41
200
; 65
Pittsburgh • Steel
I®
9% Jan 16
Par
•100
200
20%
*13%
22
13%
39%
*39%
■'V
1,700
,,
Range for Previous
Range Since January 1
Lowest
y
Highest
I per share
t per share
EXCHANGE
Shares
10%
125
71
200
21
10%
65
i
14%
71
15
21
10%
STOCKS
NEW YORK STOCK
Bales for
the Week
I per share
125
64 *
•
"
71
22
22%
16%
M
64%
■;
.<
14
22
21%
*21%
10%
*197% 202
21
22
*21%
f per share
*100
*14%
14%
Friday
.;Jan. 24
Jan. 23
10%
*63%
71
*70%
,
Thursday
; 125
64%
'•
,
10%
*100
*14
14
" 2i%
;
64%
*195
21%
10%
125
*100
70
•13
t per share
ioya
125
64
•195
Jan,22
10%
70
i\
Wednesday
Jan.21
I per share
:
.
t 15. \
SKI!)
Tuesday
$ per share
11 J/4
•100
LOW AND HIGH SALE PRICES
'?•
$ per share
^
&W&.X
549
-■?';
72% Jan
7
Jan
85%
Jun
2
17% Jail
10
14
Sep
27%
6
23% Jan 21
21
Sep
24% Apr
52
Jan
6
42
Oct
91
39
34
Jan 16
47% Jan 21
xl53/a Jan
16
Jan
22% Jan
'48
Jan
14
35% Jan 16
41
35% Nov
56%
Jan
23
100
Jan
22
101% Jan
7
99
Dec
108
32
Jan
24
35% Jan
6
29% Sep
48
14% Jan 16
4% Jan
3
15% Jan
7
6
8% Jan
9
51% Jan 24
52% Jan
14
13%
4%
7%
52%
18%
43/4 Jan
7% Jan 14
20% Jan
223/4 Jan
7
14
52% Jan 13
169
Jan
8
Jan
18
170% Jan
34% Jan
9
56
Oct
U
Feb
Jan
55% May
July
May
Jun
Sep
8% May
Dec
9
Nov
53
Nov
Dec
20% Dec
48Va Sep
167
Jun
May
Deo
223/4 Dec
I
59% Feb
U
193
May
/
8
26% Jan
23
30
Sep
22% Jan
39% July
24% Jan
393/4 Jan
333/4 May
If
16
463/4 Jan
6
38% Oct
70
Jun
40% Jan
16
50% Jan
2
33
Jun'
16
Jan
2
Sep
64% Oct
65
68% Jan
90%
Jun
'
Oct
96
Feb
,,'v
30%
Apr ;;
32% Jan 22
77
Jan 22
18
Jan
3
v-74/
7
77% Jan 21
Jan
9
20
73
16% Nov
:
1947
Mondays January 27,
FINANCIAL CHRONICLE
THE COMMERCIAL' &
-
550
STOCK record:
NEW YORK 'i;m ;y.:
' i:.;
'
:
ga,turday
Jan.18
Monday
Jan.Sft
1
*4-
$ per share
I per share
low and mcM SALE PRICES
Wednesday
U
Tuesday:^/
Jan. 22
Jan.21
"
:T5% :
'
'
53/4.
-f#'50%
14%
,fi.
;
84:%
17%
'•17y4
♦40%
■
85%
173/4
42%
42%
1103/4 111
35%
35%
31%/33
*102
105
57%
41%
41%.
-■Z'*
'
25%:.
f
84%
843/4
85
85
17 y8
85%
17%
84%
171/a
*17
•
115
II51/2
5.61%
55%
56%
55%
40%
41
401/4
41
68 Ye
671/4
67%
67%
67%
25 y4
25%
253/4
25%
27
25%
106*;/
105%
*103%
14
141/2
47%/
47%
47 Va
*46%
41
*38
41
r*39
'
260
14%
12,300
*463/4
471/4
500
100
41
40%
401/a
*163/4
17
17
17
18
18%
17%
175/a
17%
18
21
211/4
20 >/4
20%
201/4
203/4
201/4
21
203/4
20%
21
21
15%
15
151/a
15
151/4
*20%
*20%
15%
15 %
21%
22%
21%
22%
141/4
14%
14
14%
13%
14%
*107%
108%
*107%
108%
*72%
73%
203/a
21
20%
211/B
21
14%
14 y4
14%
13%
13%
108%
*107%
1081/2
*107%
1081/2
42%
42
42%
U%
11%
X411/2
.11%
11%
42
.11%
;
12%
12
*11%
22%
23
*221/4
16%
16%
161/2
16%
16%
2,200
Texas
16 y4
463/i
47
Texas &
45
46%
3,300
44%
491/2
44
16%
3,900
15%
16
15%
15%
15%
57 y4
57%
17%
57%
57%
.57%
57%
'
17%
'*161/2
1-71/2
-
!
12%
12%
*12 %
151/4
571/4
571/4
*16%
ny2
%;§
12 Va
113/8
18i/4
181/4
17%
16%
16%
*15%
16%
*54
55
*15%
n
11%
56%
*103%
1033/4
103%
1033/4
103%
103%
6%
6%
6%
63A
6%
61/2
193/a
18%
19%
18%
103%
103%
1031/2
*103%
104%
193%
19%
13%
5,800
19%
191/2
19%
4,200,.
17
17
17
19%
19%
46
46
46 3/g
13%
13%
13%
%
19 J/4
18%
18%
163/4
161/4
16%
*161/4
6%
6%
6%
6%
18
35
4?%
42%
4- *102.
110
'*13%
13 Ye
47
14
13%
16%
163/4
1101/4
1093/4
19%
19%
343/a
*41
*102
19%
5,100
18,100
'
34%
Truax^Traer; Corp
13%
i
59%: Aug
493A May
v?
78 3A May
'I
;f
57% Jan
2.
42 Vb
Feb
100
Twin
3,500
Coach
Co
—
;—No par
No par
No par
i—501
7
37.
Feb
70 3/a Jan
9
61%
Nov
Jan
24
103% Jan
16
417/a
27
Jan
July
30
20% Mar
'
Jan
108%
il
Jah
18
11
Dec'
Oct
25
Feb
f|
47% Jan
20
37%
Nov
56
Jun
y\
37
Sep
53%. Jun
26%
lf:
15
100%
40% Jan 27
Jan
2
10 Yb
Oct
49
Jan
2
41%
Jam
103
Jan
'3-
102%
Oct
109%* Aug
18% Jan
6
13 Ve
Oct
26 3/a May
24% Jan
4
20 y4
Dec
393A May
213/4 Jan
3
21
Jan
23
Feb
Jan
7
14%
Oct
233/4
Apr
18
.
16
,
Z i!
63
Oct
6
12 y4
Nov
17
103 5/a
Sep
110
73% Jan
10
61%
Jan
3
Sep
Apr,
124%
6
119
117
24% May
May
Jun
78%
Aug
,j
May
j{
Oct
14
2
8% Jan
42%
Sep
56% Aug
10%
Oct,
24
13
Jan
6
22
Jan
7
106 Vz Jan
9
Apr
-
35% May
Oct,
17%
t.
May
?
160
Oct,
102
;
19%
22% Jan
3
Nov
23
Dec
38
18
45% Jan
Jan
55%
Apr
Aug
Sep.
21
31
Sep
41'/a
Feb
25%
Jan
Nov
36%
Jan
19 y4
Nov,
13%
6
37% Jan
22
27 y4 Jan
2
1% Jan
Jan
18
14
8 3/a Jan
2
101
Feb
41
109 ya
Aug
16%
Nov
•
7%
Jan
Nov.
11%
6%
10 V2 Jan
14%
Dec
Sep
593A Jan
52
19% May
13
Jan
Jan;
7% Jan
Feb
123A Jan
25%
Jun
68'A Aug
11% Jan
52% Jan
46% Sep
21
July
18
9V2 Mar,
24'/a Jan-
'
Oct
00%
32%
17 J/2 Jan
H'/a
Oct
26% May
Jun
Jun
May
24
35
Sep
65
16 Vi Jan
24
58 V4 Jan
14
13%
47"
Sep.
Sep
61 Va
17 V4 Jan
7
15
Sep
30 y4 May
8
10
Sep
49 y2 Jan
14
13
Jan
7
58
2
14
Jan
.
Jan 24
18% Jan
16 J/2 Jan
18
103% Jan
16
21
56% Jan
14
7
17%
Feb
Feb
70
Oct
20 Yst
Jun
18%
Nov
21% May
14% Oct38% Oct
69%
Oct
112%
Jun
Jun
Oct
13%
Jan
68
Jan
102
5Va
6
Jan
July
Dec
9%
7
8
Sep
18
Oct
48
:
6
13
Oct
37 3/a Jan-
2
32
-20'A Jan
6
17% Nov-.
24 ya- Apr
Feb
112
Nov
Jan
24
99 %
19% Jan
6
l&'/a
Oct
26 V2
Jun
38 y4
13 Ye
Oct
66%
Jan
Oct
21% May
18%
Dec
71
14
Dec
33%
Oct
12%
105
3
2
47 % Jan
9.
15
15% Jan
3
6
16.
22% Jan
15
17
Jan
23
7% Jan
16
3
j
18
253/4 Jan
104
4
J
,
7%
6:
45 Va Jan
16
.' i
38% July
18 Va
14% Jan
107 % Jan
22 3/a Jan
'171/2 Jan 13
,30 Vs Jan 13
39 Jan 16
102V2Jan 3,
12% Jan 16
45 Jan 2
12% Jan 15
No par
Cen
$1.60
200
48%
14%
48
Apr
3
14
lOS'AJan
No par
Fox Film Corp
preferred
$4.50 prior pfd
Twin City Rapid Transit
5% conv prior pfd
20th
100
'
14%
1
No par
preferred
$6
110
*13%
137/8
34%
45
*42
*102%
48
13%
13%
13%
13%
200
J
Apr
Oct
13
13% Jan
17J/2 Jan
CO 3/a May
78
13
2
lSVaJan
e'AJan
Tri-Continental Corp
12,700
I91/4
45
*47'/2
48
*47
48
71/8
109%
34%
HQ
13%
13 5/a
13%
*13%
500
6%
*102
110
3,300
'
109%
no,
10%
*42
45
-
6 7/8
34'/8
13%
13%
v.
6%
7
,33%
110
*47
13%
19
>18%
110
45
*13%
481/4
*47
19
18
*1Q2
14
-13%
13%
19
34%
18
33%
*42%
110
133/4
111%.
*110
niy4
17%
33%
47
13%
14
14
19%
45%
*110
*109.% 111%
i? 18
18.%
34%
353/4
47
47
19
46%
6%
7%
.
19%
461/4
19%
45%
1
2
2
18 Va* Jan
43% Jan
Dec
122% Jan
51 Ms Jap 8
103 Jan
6 Va Jan 16
34 Jan 14
18 V4 Jan 13
2
102V4 Jan
Associated 'Oil
$3.75 preferred —
Timken Detroit Axle__.
Timken Roller Bearing
No par
tTransamerica Corp.,
2
Transcont'l & West Air Inc—•-—5
Transue & Williams St'l
No par
-Tide -Water
4,200
19
191/a
46 3/4
—
preferred
$3.50 cum
70
i05
105
105.
193/4
*
100
2,300
R)
Products- com
4%
preferred
Thompson-Starrett Co__
1,900
19%
19
i&y8
19V8
61/4
36%
6%
(J
16% Jan
Tl % Jan
55y2Jan
10% Jan
163A Jan
16
Jan
:
99 %
149 %
Jan 16
56'A Jan
—-.1'
25
No par
i—100No par
No par
1_-10No POr
——5
(The)
Steel Co
Thompson
50
*35
Pacific Ry.
Thompson
2,100
105
*103%
>
100
56
56
36'/2
*104
110
2
16 3/4
*15%
6s/a
6%
*
f
18
18
*35-
1043/4
*103%
12
16%
16%
;;
17
13%
STVa'
is
;
■
♦102
58 /
13%
193/4
;
57%
113/4
19 y4
14
*43
57%
•
45%
•
47
6%
1,400
-
19 '/a
-19
191/a
103 5/s
*16%
50O
12%
55%
55%
♦1033/4 105
36%
*35
35
Thomas
16%
12%
18
6%
6%
1,200
58
16%
*15%
105
*1033/4
18 '
57%
16%
'
35
36
*34%
54
53
56V2
55
2,300
57%
vi.2%
18
16%
56%
19%
'
12
181/4
12
530
16%
57%
*11%
11%
16%
13%
57 V2
*56
Co_l—.—100
Co——^-—5$2.40 conv pfft
1
No par
The Fair
c—I
No par
Thermoid Co common/.
--1
;$2%' div conv preferred—i—50Third/Avenue Transit Corp-No par
Xl2%
12% \
:12%
*17%
*15%
*46y8
15%
15%
;
ITS
*56%
58
*56%
'
•
May
135%
22
13
16
13
15% Jap 16
41
Jan 13
14% Jan 14.
Thatcher Glass Mfg
153/4
16
15%
*16
*
16
22%
44
19
-—_1
22%
Producing ;
Gulf Sulphur
& QUI
Pacific Land/ Trust
Texas'
55
Oct
11
13
21
16
ll3/4Ja<n
63/4 Jap
15V2Jan
56
Jan
10 % Jan
50
Jan
21% Jan
No par
-—10
22%
16
*35
Texas Racific Coal
56%
yet
22%
22%
36
Texas Gulf
3,300
1,700
51%
16%
«
3,900
11%
51
44%
123/4
11%
511/2
11%
511/4
22%
22%
18%
11%
51%
11 y4
ie y4
13%
56%
Tenriessee Corp
Texas Co (The)
56 %
44 %
18V4
800
7,300
505/a
16%
58
16%
56%
10y4
56
—;—i
*16%
56
45
*57
16%
51
-
—5
i—_5
—25
^-T.-l
Nov
Oct
7 y2 Jan 16
i—9
Inc (JamesY
Telautograph Corp
Talcott
■
1,200
7
7
7%
ie y8
IO1/2
505/a
51
50%
■
*7%
7
561/a
10%
13
709
56 Va
io%
57 ya
10%
12%
12%
161/4
56%
*16 %
*12%
343/a
70
0
102 y4 Jan
No par
<
Mar
2Q%
1 Jap 21
22% Jan 16
—_1
3,600
16%
11
Symington Gould Corp--
81/4
12%
—
«.
No par.
8i/a
12%
Ltdi
—
Sylvania Elec Prod'A Inc
$4 preferred
1
8
a
Rights
.
100
104
16%
16'/?
-
115,00Q
8,500
25%
,:
May
116
2
14% Jan 2
34 Jan 16
23 Vb Jan 22
25
Apr
55
Oct
15 y8 Sep
33% Feb
2
Jan 16
43
—10
4.16%
.(The)
24%
107%
Jan
101'/2 Jah 13
20
%
Jah
112
14% Jan 13
25
f
|
,
Apr
Dec
18% Jan 16
13V4Jan 13
,—50
39% Apr
109 ¥4
98 V4
203/4 Jan 13
—10c
No par
Co—
Paper
Swift & Co
Swift International
;
14,300
1%
1
251/4
'16%
57%,
7,500
*103% 104
'
il "
Sutherland
Sweets = Co of Amer
400:
.
*1031/4
12
7
90Q
23%
231/8
231/2
300
103
16%
*16
-
37
iy8
73/4
12
7
7
7
7
12%
*1011/8
251/4
104
73/4
7%
15%
25
*1031/4
104
:7%
*43
1%
:1
24%
247/a
1031/4
7%
7%
23%
36%
23%
1V4
241/4
25%
16%
16%.
16
37 »/a
23 y8
104
104
23%:
•441/8
16
23%
57
*44%
*43
151/4
57
24%
51
44%
373/8
37%
51
221/4
363/4
233/4
.
*22
22
1
7%
213/4
22
151/4
23%
12
103
45
361/2
7
20%
*1011/8
-151/4
253/4
12
211/4
21
103
*10iy8
*211/4
1%
'
11%
211/2
*43
37
8%
11%
22
24%
42
21%
16
iy4
41%
Sep-
3,6% Jan
16
13
1?
14
3
16
3
'7% Jan
41 Jan
llVWan
.19% Jan
Nov
84 %
13
16% Jan 13
201/4 Jan 14
_l
_12.50
;
14 Vb
37 y2 Jan
70 V2 Jan 3
118 Jan 10
Oil Corp _—;
Sunshine Biscuits Inc
Sunshine Mining Co—;.
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp new
i|
,
101% Jan
No par
(4V2%' cum)—-100
Sunray
20,600
2,900
8,700
3,400
81/4
81/8
11%
45
23%
104
8%
41%
*2iy4
1%
36%
20
11%
*43
25 y4
'
•
*1183/4
119 *
119
,'i
Dec
Uan
4'5% Jan
107'/2 Jan 17
Sun Oil Co
class A Pfd
2,200
41%
*15
*15
'
36s/a
73
73
113/a
16%
22%
*44
17
.20%
*107%
July
56
40%
111%
Studebalcer Corp (The)
1
Sun Chemical Corp
1
$4.50 series A preferred-__lVo par
1081/2
423/4
<
441%
22%
22%
44%
102
102
102
21
102
201/2
21 3/8
21
213/4
102
81/4
8
8
43%
12
,
8i/a
8i/a
*118%
8'%
1181/4
1181/4
118
8
8%
73
723/4
73
118
119
*118
119
72%
73
72%
73
3,900
104
Sep
Dec
6
18% Jon
■
Jan - 3
103
Sep
37,
18%
87 y4 Jan
46i/sJan 21
5
TOO
.-20
No par
preferred
Stone & Webster —
36,600
3,300
21%
213/4
:—_1
H
16'/a Jan
44 Jan 2
39
Jan 13
15% Jan 13,
No par
27
21% Jah
553/4 Jan
13% Jan 13
5
1
prior
5%
200
15%
151/a
15%
15%
4,800
21
*20%
21
*20%
20 5/s
20%
20%
.
3,800
1011/2 Jan
—50
conv
3%Vi> preferred
:
Stewart-Warner Corp
Stokley-Van Camp Inc
—j.
18%
181/4
18%
17%
18%
21%
1,900
103
*101
103
preferred —
Starrett Co (The) L S
Sterclii Bros Stores Inc^T
Sterling Drug Inc common
4%
' *
700
461/2
46%
46%
46%
*101
104
*101
104
*101
46%
461/2
46i/4
46%
46%
47%
104
*101
108%
14%
*103
*39%
16%
16 3/4
17
*16%
17
17
47
-
7,900
46%
,/
98
prer°rred__-T
prior
$6
..
Standard Oil of Ind ana
—25
Standard Oil-of New Jersey—25
Standard Oil of Ohio--«,-10
V 33/4% preferred; series: A
.-100
Standard Steel Spring „—---.-,-1
6,900
14,800
143/4,
106
*103
14
;
28% Ja'n
Ja;d
106 Jan
541/2 Jan
401/2 Jan
66»/8Jad
23% Jan
pref—No p.ftr
No par
$7 prior preierred—
No par
Standard Oil of Ca!if^
No par
Standard G &, E Co $4
.
1,500
6,300
115%
41
'
67%
]4i/4
41
109
*1061/4
$3.50 cum
700
561/a I
;;
68
14%:
17%.
*101
106
141/a
47%
*38
31,100
56
14%
15
32%
40%
56%
;40% '
*103
uij
3P/4
113
113%
;m
.
8,100
Now*
|
i
May
Nov
92.
7
\\
'
13% Jan
11 y4
933/a Jan 13
47 Ja,n 14
19% Jan 3
13% Jan 13
'82
Jan 15
,16'/a Jan 16
39'/a Jan 24
lQ9Va Jan 13
341/2 Jain 16
6
99 Jan
Brands. In,cT.-_.. No ant
preferred...
No^ar
Standard
36Va
*100
106
104 /:
104
109 v2
33%
32
.
100 »/2
353/4
100 y2
3iy4
1003/4
1101/2
353/4
351/8
*99%
130
14% Jan
93% Jan 13
No:pjar
Hifhest
t per share
per share
ft'/a Oct*
63/a Jah 24
5% Jan 13
ll7/oJan 2
---5
cqmmon.,^.l
Square D Co___n*—
Squ*W> <B Rr & Sons
$4 preferred
300
S
$ per share
No par
r-.-l
^2'
preferred,
$4.50
Conv
370
1,400
'
No par
Spencer Kellogg .& Sons
Sperry porp iThet ---r-.
rSpiegel Inc
171/a
391/2
1101/2
17 Va
40,i/»
*110% 111
1X1
35%
111
.
39%
*38%
40%
*38%
102
25
25%
103%:
"
.
20%
14%
30%
05%
*103
•
48
141/2
*99%
68%:,
*39.
"'*■
20%
14%
.31%
67%
x
,
203/4
14%
46%
14%'
47
20%
34%
100%
4Q3/4
iU 25'
25%
103%
103%
20%
*4%
30%
41%
67 %
20%
'
51%
—
preferred
Year 1946
Lowest
Highest
$ per share
—No par
r-=-.n-l
Previope
Range for
January 1
Lowest
/
?ar
Spear &
$5.50
■,
* Range Since
'
V
2,900
6,500
8,500
52;
51
351/4
101%
51%
51%
q
,
1
Sparks Withington
i.
50%
35%
109%
683/a
68
97
*99%
105
41
13
*91 ;
111
321/8
;
*12%
97
35%
m
ill
56%
553/4
114% 114%
57.
*110
100
*102
13
*91
' *
41
35%
30%
♦121/4
'STTO'CJlfifSt'
NEW YORK STOCK
EXCHANGE
•
100
13
97
17%
*39
5%
5%
634
"
>
J * Shares
3,900
share
6
*90%
•
84%
16%
110
lOft -
.
14%
84%
42%
35
■
'
17%
110
100%
•100
20%
24 %
14%
85%
I per
.
*12%
'
50% 1
'21
/
143/s '
50%
<51
$ pershpre
v: 5%
5%
'
■
97
'
i4% ■ 15
'
*9.0%
20%
84%
.
5%
13
*12%
97
50
51
2iy8' 21%
/
13 •
♦90%
97.
*90%
''5%
5%
13"
5'/^
14
*13%
'■
'W*
'"-'-
Sales for
the Week
Jan. 24
Jan. 23
share
t per
J per share
"
3(!harsd^y
./f;
Friday
/
".iiwi* :
■
;
•7'''<■■
;/ >)iu" /'i//
6
5%
105
114
Sep
16
110 % Jan 16.
19% Jan 23
Sep
Oct
63% May
6
37 Vb
Jan
6
46% NOV
102% Jan
9
49
79
May
102% Dec
11% Oct
3
14% Jan
Jan
.Mar
2.2% May
38% Jan
48
Jan
Feb
4
106%
Dec
71%
Apr
Apr
26%
Jan
43%
Jan
U'/a Nov-
•
14.% Jan 24
Jan
24
Range for Previous
STOCKS
XQW AND HIGH SALE
Saturday
J»n.IS
$ per
,.;
/
Jan. 20
54%
*53 %
54
53
15 y4
14%
15
14%
271/a
28%
;28%
93%
93%
112
:
99%
2i3/4
130
131%
108%
19
106
106
75%
•>
•T.
*8a
91
♦133%
75%
74%
913/4
24
24
14%
15
.
11%
90%
;.
:
■
im\'
i?%
W/%
*1081/4
12%
10%
■
171/4
*105
187/
*
15% \9 .
*29%
92%
9%
.
'
■
Z .41
441/4
footnotes see page
30
'
30 %
92
•90
-
10%.
17% • 18
105%: las
ia%:
:*i5%,
,189%
31' (31
•90
92""
♦187
.
;
■.United
5,600
10ft
tr
*1081/4
^
-
110
11,200
-
26,200
4,600
|07 /fir
»15VV- Il6 f
lift
vfiod
93%
49.400
ny*
191
*31^2
33
/
92
.
,
■
"•-T
44%
■
:
•
Fruit
•
1%•. preferred
^-*100
Mach Corp
—5
/ \ /; 4% %
preferred
100
2ft
u s Isdustjiftl Chemicals^,,NQ par
3..30Q
40ft
.
U'S Hoffman
,
,
;
40 Jan
74'A Jan
263/4 Jan
63A Jap
79 Jap
;.3% Jap
49'A Jap
8% Jan
88 Jan
14
14
15
13
24
13
2
16
14
44% Jan
225/s Jan
' 13% Jan
107% Jap
t
^-1
163,900
10%
♦18ft
35% Jap 16
17% Jan 13
103y2 Jan 15
21 Jap 16
Coal Cos
5
Engineering fip Fdy—r—x5
Co——.4
Ho par
United Gas Improvement Co—13ya '
United Merch:& Mfrs Inc com——1
8%, preferred A—*
,—100
Uhited Paperboard
_J—10
United Rexall Drug Inc—
2-80
U S & Foreign Secur,w^—Nopar
$4.50 preferred
NoPar
:tt B Freight CO-4------^----JV^ 9ar
,V
Qypsum;
.
United
5,200
*105
913/4
^-*-1
*9
United
9,600
18%
91 ^
99'4 Jan 8
21 Jan 16
No par
>5
*--100
-^>10
United Electric
400
1.10ft
13%
.
18%
cqmmon
$3 preference
,
r
Corp
-
—
,100^/ 125% Jan 16
lQft
105 Jap 3
No par
No par
No par
Cigar-rWhelan Stores_n--30c
conv. preferredj
.100
United.Dyewood Cop-.-.-—
,
;
"; 10% •211 '/a
n 1
$3.50
3
3
257/a Jan 16
89V4Jap 15
113- Jan 9
Preferred-—^,—-£-a—*lftO
23%
14%
231/2
14%
.
43,700
13%
13%
-■40
4Q
46'/a <46%
14%
88%'» 90%
: 9%
10 :
9%
31.
92%
-
3%
s>91
,*88
,
United
9
*8%
,
189%
*90
.
,6,400
\ 10ft
<
52'/2 Jan
14 Jap
No par
-5
No par
No par
No par
Nopar
Nopar
Biscuit Co'
Carbon Co—.*
UnitedrCarr Fast Corp_u
United
United
51%
1
51%
233/4
10%
16%
*186%
10
'3%.
51%
5% 'conv
200
i
7i%
79
3%
47 y4
-13%
•89%
t
9%
*20%
31
*91
.
$3/4,
51%
29
79
.
13%
♦108% lift 4
42% =13
12%
10%
17%
*186% 189%
10%
189%
81%
401/4
23%
14%
700
7i/a
,
13%
%46%
•;
1,30ft
74%
•
•
*28
9
/ 91.
421/4
743/4
-
110
88%
33/4
401/4
47%.-,
*15%
,
89%:. 90%
♦88
:
40%
24
>51% '
,
9,50ft
41%
7%
*79
83.4
*8%
.
1,400
22%
22%
29
51%
-.
107
*105
'
10%
*187%
*39%
46%
■
9
-
106%
preferred —
United Air Lines Inc.
" 4i ya
7
Unlop Tank Car,—
United Aircraft Corp ^
22%
*271/4
preferred
700
1063/4
75
7i/e
non-cum
8,600
106%
211/2
A%
100
19%
18%
106
Oil of California
Unlop -Pacific RR Co^i
35%
35,%
$
Par'
Union
1,500
107%
*105
183/4
74%
28
3,30ft
128
36%
743/4
7
~60
21%
7
i8y«
41
: 3%
14
18
•
,
3%
§1%
'•
.
21%
127%
IO814
*103
20
100y4
*100
100% 100%
21%
21%
41
28
:
*79
91,
It
'
16%
91%
7%
*13 %
v:10%
18%
16
:::
51
40%
47%
18%
IO61/4.
106
'
*104
112
7,700
114
__—
Ruber Co
Union Bag & Paper ,—,
Union Carbide & Carb
Un El Co of Mo pfd $4.50jser
Preferred $3.70 series
Preferred $3.50
series
Union. Asbestos
112
36
36
173/4
743/4
*88
17%
•
35%
74 %
.3.1%
14
47
108 i/s
*103
.
8?
:*8%
•10814110
*11%
12
13
105
;
*79
"
128
1261/2
*113%
1263/4 127
-
91
...'.'24
.14%
110
13
10%
•30
4 -7%
28
/?%
83
21%
21%
f22%
; 3%
46
47%
1001/4 ioov4
41
*13%
41
47%
*104
22
*88
-i,
112
91%
*113% 114
42
"3%
51
'-8%
50%
& ,>.*%•
14
For
90%
30
91%
114
90%
22%
21%
3%
4
9%
43%
301/s
13,800
loo y4
*40%
*79
::
51%
!
293/4
130 v4
921/4
18%:
*105%
106
36%
43%
28
VA
18%
15%
291/4
-29 Vs
108%
36%
17%
23%
7%
83
*104%
*74%
,
29
105
15%
1303/a
223/4
.;
43
*108%
15%
*104
128%
130
.*41%
23%
;/
15
3,600
15
.
107
107
363/4
*353/4
18%
18/a
;
36%
.
53%
*113y8
.
L
Range Since January 1
Lowest
Highest
per share
$ per share
Highest
Lowest
$ per
$ per share
share
U
523/4
%
;
Underwood Corp
500
54
54
*99% 100 y4.
21% '21%
,
21%
| per share
•14%
112
*104
'
21%
91
90%
*11?% 114 c
113% U3y?
112
*104
993/4
993/4
1
Share's
*52%
29 V4
91%
28%
41
8 per share
Jan. 23
Year 1946
¥
oi
STOCK
EXCHANGE
the Week
*52%
53
14%
114
*a%
$ per share
Jan. 21
NEW YORK
Sales for
Friday
Jan. 21
Thursday
I per share
| per share
share
Wednesday
Jan. 22
Tuesday
Monday
PRICES
14
16
13 Jan 13
393/4 Jan-23
12
10
16
IJ
Jan 16
Jah 13
16% Jan 16
1043A Jan 3
J5 Jan 3
ft6y4 Jap 16
Jap 16
83A
188 Jan 23
29% Jap 16
•; 91% Jan 24
3t41 Jah 13,
80% May
9
24
49
Sep
12
Nov.
30% Jan.
2
23
Jan'.
89
-May
Jan
2
88
Sep
125
Apr
113% Jan
2
1U
Jun
115 V$?
Jan
.106
Feb
111
Dec.
107%
56
Jan
15% Jan
97
90
16
22% Jan
7.
1011/2 Jan
107 % Jan
37 V4 Jan
9
19% Jan
6:
3
6
107
Jan.
25 V2 Jan
46
2
7% Jan
4-
Jan
9% Jan
.95;
Jan.'
6
15%
Jan
34%
iiy2 Jan
19% Jan"
18%
Oct
30%
'
22
Oct
93/a Sep.'
,110
104%
4
•
2
105% Jan 22
7
13
93
2
189% Jan,
2
33% Jan
46% Jan
2
Jan
32 % May
,
29 %, Feb,
'
132
90
May
U% Dec
11
Deo
187% Dec"
,26,
Feb
6.
9
Apr
Aug
109% July
Sep
11% Jan
'
18%' May
NOV
2
Jan
15% July
,9% Oct*
15%. Oct
101
Nov
6% Jan.94% Jan
92% Jap
-
53% Aug
:
12% Oct "
6
2
56
-
Dec
41% Oct ".
107% Jan, 11-.
14% Jan
16% Aug
10,5% Aug
21% Feb
"
4
•
Sep
7% Jan
50%-July
•
71 l/t Mar.
123A Nov'
2
24% Jan:
Z
Apr
89
Dec
44 • Oct
8%. Dec'
.
•
6
2-
17%
Oct'
-3% Oct.:
2.
51 4' Jan
91 Va- Apr
40
May
78
0
43% Jan
57 % May
Sep'
0%
18
14% Jan"
Jan
Feb/
?3% Oct.
10
51% Jan, 23
Jan
54% Jan
62
,
2
Jan
37%
119
Dec,
33%
4
83
42%-Jan
-
19% Nov
2
Jan
76% Jan
29% Jan
Feb
120 % Mar
Sep
16% Nov
101
Oct
Jun
May
'168%
Oct'
102% Oct
32-
Apr
29
20% Nov
110
6
10
133 J/2 Jan
23%
x205
47%
Sep'
Sep
Apr
98Va Aug
,
'
/
37%.
■
L
;
il'-'l1
41
551.
tf't.
62',
May
II
$<mm
TttE COMMEBCIAL ^ FXNANCIAL
CHRONtClrE
551
STOCK RECORD
>
Monday
Jan.18
Jan.20
$ per share
$ per share
7%
7%
27%
Jan. 21
17%
Jan.22
$ per share
16%
\
52%
$ per sharei '-
44%
45%
80%
'80 y2
69%
147%
22
i6 y4
17
16%
17%
22%
5%
Q
8%
105
*19%
V.
9%
-
44
43 V*
v
186
23%
80%
71
-> 80
80
,
-
72%
147%
71%
22%
22%
22%
22%
22%
47%
47%
47%
*46%
47%
5%
5%
5%
5%
5%
;8%t-
8%
.8%
8%
*8%
:
104%
*100
104
8%
8%
8%
51
*46%
8%
9%
*
*82%
83%
*82%
8%.>
y
92
83%
—i
83y2
.
100
i
186
70
•
i
833/4
Leaf
//
13%
Jan
>
9% Jan
17
413/8 Jan
24
35
13
71
Jan
22
59
Jan
Sep
13
39; Jan
2
36 3%
3
15
16
1023/4 Jan
53% Jan
6
152 »/a Jan
21
42% Jan
16
78 Vz
3
Jan
8
16
73
Jan
Jan
4
148
Jan
22
^1% Jan
3
22% Jan
6
47y8Jan 21
(8
Jan 13
48»/2 Jan
16
Oct
x72
Sep
65%
Dec
Apr
187
:
Oct
80
Feb
;v V 84%
Feb
Feb
V 89
Oct
142
Apr
106
Nov
40%
6
144
60% May
39%
Sep
144
Jan
yJan
84
:'y
48% Nov
13
Jan
Dee
Nov
.
IOO
6
80 Vz Jan
50
,
9
7
68y8Jan
97%
Dec
Feb
166
Feb
.5:
8
Jan
14
47
Jan
20
Jan
2
(8%Jan
No par
5% Jan*
9% Jan
.
Nov
47
NOV
4%
4
7%
Oct
Jan
6
100%
Nov
2
k1
51,, Jan
8
41..ft
10
10
4
18
.
•
29%
Jan
203/a Apr
128
Jan
Sep
Sep
11% July
54
July
27% Feb
2%
Apr
18% Dee
8
Dec
x90
Jan
14
99
Jan
2
ICO
186
Jan
3
186
Jan
3
1
x22
Jan
187
13
26% Jan
May
2
25
Jan
Nov
14
85% Jan
3
77% Dec
82
91 V
Jan
55% Jun
934 Jan
.V
Sep
9% Jan
106
..
V
3
1
20%
3
20% Jan
6
;8y8Jan
-
„
Jan 13
104
—50
Tob—;
44
25% Aug
11 y8 July
Dec
—__2
*
13 y8
Sep
48% Jan
1471/aJan
1—Na par
8% preferred
Universal Pictures Co Inc
4%%
preferred
4,100
210
6
'
$ per share
Sep
25
101% Jan
—100
—
referred
24
Jan
No par
common
.United Wall Paper Inc—
n
4% 'cum conv pfd
Universal
—
25%
conv
6%
70
non-cum
$6
Jan
18 3/4 Jan
7
38% Jan
10
Universal-Cyclops Steel Corp—_1
Universal Laboratories Ine_—1
|3,10O
92--
25
82%
§
i
9%'
*182* *
243/4
"
29
1046
t per share
2
32
__20
1st
Corp
7% Jan
22
9% Jan
'
preferred —i
25
United Stockyardy Corp_£-——
:!
United Sto*0* $4.20 non-o 2dpfd-5
7,400 V
•
Steel
7%
700T
21%
*91
186"*'
24%
S
y
3
-
/;///: y/.;Year
It per share
13
16V4 Jan
10
,4f & Tob'aecd 6o——.2—i*Nb par
300
9%
non-cum
Jatt
25% Jan
1
Preferred —VA
11,800
50% '•
*QVa
U
■' 80
«-
-Nopar
preferred—100
U S Smelting Ref & Min_—50
Preferred
—-A,—.
:
—50
12,100
f-
104
9
9%'
*182
83%
*100
>48%
>19%
20%
9
24%
y
8%
51
*91
186 '"'
23%
•y 8%
*
104
20%
9%
90%
*■182
24
*100
20%
9
90%
186
*23%
83%
*19%
91%
*182
24%
*46%
9%
91
.
8%
11,100
5%
A_
—.
33,500
147
cl
conv
7
cum p.fd series A——100
U S.Rubper Co
—v
10
300
i '
72%
,146%
147%*
&
Range for Previous
Lowest -y-yy
Highest
Highest
I per share.
3%%
400
5.90Q
3
44%
22%
9%
92%
*82
ft-
43%
*47%
20%
*182
44
1—i
£0,30Q
l&2y2 152% 1
5%
*19%
24%
*80
71%
148
53%
151%
43%
80%
70
147%
52%
Partic
U S Lines Co
U S Playihg Card CoU S Plywood Corp new—
3,800
i
Lowest
Range Since January I
;
No pal"
preferred
U S Pipe & Foundry;
10Q
t
102%
52
151%
.
43%
80 y2
70
20%
186
83%
;
'80%
*19%
9%
51 %
*ioiy2
47 %
8%
%
4V$%
3,300
v"
35%, 35%-'
102%
,
200
<
-41%3
72
/
5.300
9%
40%
! U 8 Leather Co_I.——„
900
17%
•
>70
-
35%
*101 %
51%
17
.
—>
-
71
35%
•i5oy2 152%-,
50%
*91
24%
152%
*48
10
.*82
50 y4
147
*100
8%
«
/
,
>*<*,
;y
<^;t
par
f 1,200
7%
29
9%
40%
*70
102
-
,
9 %•:•*.
39%
71
35%
*iooy2
51
91
VL82
71
50%
*9%
v
...
7'/a
29
8%
105
8%
39
35
-
102
*46%
" 20%
91
,
105
9%
51
9%
•
7i/a
22%
8%
9
IVs
5%
48
;,,V
•*
STOCK
EXCHANGE
,
21%
*
5%
*48
1
72Va
68%
NEW YORK
Shares
47%
*47%
5%
♦100
9%
39
•
35 y2
147
22%
48%
5%
9
9%
4Q
*79%
70%,
*47%
,
28%,"
167/a
43%
;
*146%, 147 V*
22
28
152%
43%
72
..
7 Va
50
153
45%
71%
.
52
*150
v;—STOCKS
•
the Week
$ per share
27%
*100%
81%'
*8oy2
$ per share
m
35
102
50%
153
Jan.24
27%
*70%
-V''*>•!>
Sales for
■
7%
40
36%
*100%
Jan.23
27%
*9%
:
72%
35%
52%
*149
s
16%
'40 '
*70 '/a
37
102
*7
r
.
Friday
27%
9%
39
72%
36 Vis
■
Thursday
'
*9%
40
*70*/a
•146
17%
9%
'
*100%
t
7%
27%
,
17%
*9%
40
7'/a
27%
"
>
■;1.'
Wednesday
'
27%
*>
HIGH SALE PRICES
Tuesday
■
LOW AND
Saturday
Nov
110% Jan
200%
Apr
49% Jan
101
Apr
Feb
V
19
19
18%
18%
*18
17 Ve
17%
17%
17%
17
*
19
*18ya
18%
18%
18%,
18%
18%
600
17 Va
Vanadium
17'A
17'A
17%
17%
17
17
700
Van
Norman
35
35
900
Van
Raalte
357/a
35%
34%
35
35
35
34%
35
18%
19
18%
18%-
18%
19
18%
18%
35
35
*86
92
♦89
94
45
33%
45
101%
92
*89
94
92
*90
96
*90
*45
101
6%
101
7%
41
*39
40
7%
7Vz
77
*119%
120
98
*45
46
-»
101%
7%
79
*100
,
7%
.79
'80
r
300
8
!
36%
120
120
*86
88
43
*41%
43
*39%
40'A
*39%
40»A
39%
397/8
39 Vz
39%
400
35%
35'A
*35%
36%
35%
35%
35'A
35%
800
35%
35%
♦140
150
*148
*140
*148
156
150
*140
156
120
1
'
*140
156
110
86.
41%
150
*148
120
*80
:
41%
*140
156
120
90
*41
150
*148
120
.
*80
41%
4
*67
70
17%
*17%
17%
*67
15 y8
Oct
9
35
17% Jan
Nov
16
2
15%
Sep
7
30
Co_——
& Pac
2.50
70
*68%
70
*68%
18
*17%
18
17%
17%
34%
34 Va
34 %
1,400
34%
34%
34%
34%
34%
34
105 'A
105 y4
106 y2
106%
107
23%
22%
23'/a
__5
49
Jan
7
100
Nopar
101
Jan
20
6
Jan
13
69% Jan
14
-
101% Jan
Jan
24
9
Dec
5%
Dec
63% Sep
117y2 Dec
80
__
413/4 Jan
Sep
100
24
82
__
Jan
120% Jan
119y2Janl8
36%
8
8
3
2
17
"37
363/4 Jan
6
Jan
•
40
Jan
40
Dec
Sep
32% Nov
„_5
34
Jan
16
100
145
Jan
9
145
Jan
9
130
100
148
Oct
Jan
6
150
Jan
2
145
Dec
100
68
Jan
70 Va Jan
10
Nopar
Nopar
17
Jan
16
17% Jan
11
34
Jan
13
36*/2 Jan
7
(The) class A
Detinning Co__
107
70
*105y4
Wabash RR 4 Ve%
107
Waldorf
Walgreen
50
4%
preferred
System
Co
preferred
23>/a
22%
23
23
23'A
23%
11%
12
12
9,600
11%
11%
12%
12%
12%
15%
15%
15%
6,600
16
15%
(Hiram) G & W
Walwortfi Co
16%
16 Va
16y4
*103%
6,100
Ward UakiQg Co
16%
104
103%
104
104
104%
25.
24%
24%
*23%
25
33
23
33
33
•33%'' 35
26%
500
*26%
26%
27
27
*26%
21
21%
21%
22
21%
16%
*23%
*21 y4
24%
24%
24%
24%
*24%
25
*34%
35%
35%
35 y2
*35
36
10%
10%
10%
38 %
38%
39 y2
39%
87%
87%
87%
*86%
32
32%
86%
31%
86%
32%
32%
31%
113
36%
112
112
*112
*10
113
16%
24%
*114
♦114
114%
*114
115
*114
115
114'A
38
38
*38
•110%
112%
*110%
9%
9
64%
62
*6%
7
14%
*37%,
*80%
18%
119
7
6%
9'A
*110%
*6%
6%
9%
3,000
Western
6%
7%
1,900
,16 y8
Western
16%
17%
1,100
4%
15'A
15%
15%
15%
*15%
37
37
37%
37%
84%
80%
80%
81
81
18'A
18
18 y*
18
18%
*81
17%
•11
11%
12
*10
12
•10%
37%
38
81
81
18%
18%
38%
12
*i8y2
"
12
81
19
9,800
*10%
2,400
12
33
32 Va
32%
31
32
30 y4
31%
31
317/a.
32
23%
25
31%
25%
24
24%
24 y4
24%
24%
25%
24%
94%
94%
25%
*
95 y2
95%
96
95
95
95%
95%
'
460
50 y2
49%
94%
'
95%
*47
50%
95%
50
33
32
32
:
*3iy4
99%
99%
•
*47
*99% 100.
*31%
34
*99%
.
100
50%
32%
.
51
32%
*99%
53
32%
100
.
55
IOO
-
6,400
55
*32 %
32%
*99%
99%
"
Bfe»aric
30
66
*101
.
99
32
*85y*
90
*30% -33
v
37%
38%.
♦98%
99 y2
99 y4
-;
v
99'/a
99%
2,000
*32%
*32%.
33
33
33
25%
25%
25%
26
26 y4
26%
14%
15%
15%
15 Va
15%
15%
90
16%
.
*85.%
-
32,
*6%
9%
6%
10%.
13%
31
14 y*
*96%
98%
'
*•
•
/
46"
46
51%
51%
'
62
62%
v
>
17%
142
45%
-
•
*91
99%
25'A
*32%
90
31
*6'A
9.%
.
33
90 ft
*85%
*3L
*6%
.
•
51 y»
60
*91
95
14
5%
9%
*85%
33 p.s
9%
14%
98%
17%
165
*97%
98
'
18
165
45%.
51%
60%
*43%
51%
60%
*91
95
98
18
*142
\
(
.
■
98
t:
79
V
66%
94
45
52%.
9iy8
62.
3
98
98
*97
*76L
78
65
13%
lOi-'y
-
63%
65;
13%
13%
78,
*13%
13%
6
21
Jan
27
Jan
class
Jan.
39
Dec
25%
22
50
35% Mar
Dec
20
22% Jan
24 y8 Jan
13
25% Jan
7
20 v
Sep
20% Oct
16
37
Jan
9
31
12% Jan
7
9% Jan 16
No par
37Vz Jan
86% Jan 21
16
6
"42"" Jan
I
Sep
31%
85*/a
110% Jan
3
112
Jan
20
108
Sep
Sep
Sep
Sep
Jan
3
121% Jan
14
115
Jan
109%t Jan
8
112% Jan
14
114 Va Jan
2
115
106
Sep
113% Oct
29 Vs Jan
100
100
Nopar1-
13
Jan
34% Jan
lo
Jan
16
112% Jan
10'/a Jan
32% Nov
9
111% Sep
7% Dec
4
16
75% Jan
6
7 Ve Jan
24
6
Jan
13
14
Jan
9
35
Jan
16
79
Jan
2
17 Va Jan
16
11% Jan
No par
10
'
Jan
62
29 V
2
40 Ve Jan
4
8% Jan 13
l
2
Jan
112 V2 Jan
100
38
88
18
57,
84
Jan
21% Jan
18
65%
45%
1,300
51%
52%
62%
••*97
»>'
-
,
11,000
"
_
94
2,000
—
t
99
■-
*77
65
..
65%..
13%t
*13%,
(
62 y4
*91
Wflson
71-
Oct
18%
•<
—
r
13 Va
200
78
65
1,800
13%
1,500
Inc——
preferred
Worthington
Prior
pfd
Oct
32%
Jan
Jun
39% Jan
Jan
16
34
Jan
96
6
Jan
53
Jan' 18
Jan
22
91
Dec
39
Jah 24
*/2 Jan
May
8
100% Jan
Jan 23
98
Jan
Nov
63
Aug
72
102% Jan 13
100
Oct
106
36*/a
Nov
90y2
Nov
62% May
107 y* July
41J
'*
33
-
7
Jan
24
6
27%, Feb
21% NOV
ll*/4 Nov
32
6% Ja» 14
13
-13*% Jan 13
Jan
-14% Jan 198
Jan
8
18% Jan
F
Jan
2
47"
46 Vi Jan
3
Jan
105
Nov
36
12
56
Jan 16
Jan
2
97 V2 Jan
''7
Janlo
65% Jan
2
94
Jan
26% Jan
21:
Jan
2
77% Jan
67% Jan
2
6
14% Jan
7
'
' '77 y2 Jam
3
63 % Jan 21
12% Jan 16
July
July
21% Feb
Mar
160
Feb
52
43% Sep
:471
Sep
.
17
98
.
July
May
y2 Jan
101
34
52% Jan 24
92
IOO
May
142 ft
--
Wrightt AeronauticatJ^i. >.No
par
Wrigley (Wm) Jr (Del).
,No par
Wyandotte Wofsted Co
—5
44
Sep
95*/a Sep
15% Oct
jaxi
23% July
5% Oct
9
Nov
12% Sep
6
6
Jan
•
44
30
20
6% Jan
10% Jan
-'IT" Janf * $'
43
'
:
*07% Jail
81%
-
97*/2 Jan 10
'S
2
16% Jan 24
9 %, Jani
—No par
Jan
99*/2 Jan
Jan 21
31
Jan
-27*/4 Jan
13% Jan 14
£_
Jun
98
15
1
Dec
63% Jun
45%
7
65
Jan 13
31
95
29% Nov
9
9
23% Jan 16
5-
series
53% Jan
Nov
2
'
conv
Jun
Apr
21%
Jan'
35*/2 Jan 13
P & M CDel)-j_No
par
4Vz% series100
Prior pfd? 4y2%
Jan
56 %
26
13
93
1
1
32%
101
41%
101
20
Nopar
—U—Xl-0
Wisconsin El Pow Cb 8%
pfd-.10D
Woodward Iron Co.
L_—2
18
Wool-worth (F Wy Co^Ll^
10Wilson-Jones
Jan
Oct
99*% Jan 14
20
& eo
$4.25
'
•
99
78
ft.
165
.
94
*97- <1
•78
J.
45
1,000
Jan
13 %
11%' Oct
65
Wiiiys-overland Motors^-,--
100
•
18%
35
90% May
26%
32
%»—Nopar
T
116%: Apr
33% Jan 1*
49
Nopar
preferred*-
Feb
117% Aug
119% May
53*A Jun
23 y4 Jan
*
_No par
pretesSod
Wilcox Oit Cq-„
18,700
99
,
Prior
500
12,700
■14%
conv
Apr
Aug
30 y4 Jan 22
Erie
prior preL
45
119
122%
Sep
Sep
Sep
14
,
,
2
11% Jan
16% Apr
43% July
89*/8 Aug
27*
2
10
Sep
Jan
5%
17% Jan 24
39 y2 Jan
34% Feb
29 %
47% Jan
■.
9% Sep
9
3
119
1
A—Nopar
B
23% Aug
23
Nov
18% Jan
34'/4 Jan
Nopar
Auto Supply Co
Maryland Ry„
conv
$4
300
,
,
*91
79.
*76.
64%
3
13
5
White Dental Mfg (The 3
S)
White Motor Co_—
*
White Sewing Mac®
Corp
———
6%
18%:
45 Vz
300
10%
.14%.
*142
_
51%
99'
13 V*
•13%
165
eiy*.
95
.
*97%
-
»
52%
*98
65%
,
13-
45
*91
,
99
60%
*43
61«A
>76
64%:
14%.
18;,
*142
.
.
$5
3,800
6,400
33
6y4
10%
;
51%
45%
52.,
"
98"
10%
*97%
18%.
'
"v *76«i
6%
10%
160
90
*-3iy8
'6y4
165
*85%
•
33
"
14%:
.
98
18%
♦142;
90
*31%,
6%
lOYs
14%
14%
36% Jan
Jan
Mar
18% July
107% Feb
Sep
16% Oct
6
l
Ry
100
5% %. conv ^preferred—
;106
Wheeling Steel Corp—
—No par
150
40
14%
.
18%
39%
25
33.
8
2
13
111
Apr
__5
«—
Wheeling & Lake
101%
15
y*
32-ft--.
s
# 165
66
*100%,
39%
25%
1
10%
18%
*60
101%
•
*96
66
101.
38%
.*85y»
'
:i4% '.*-14%
ioys
*60
103 y2
14%
*32
6%>
*6%
•
99
Jan
105
"
66
♦101 y4
25
26%
15%
15%
99.
*60
101'A 101%
37%.
37%
99%,
33
32
25%
38
'
66
*60
103%
38%
99
38 Vz <39
98%
66"
*60
" 103%
105
17% Jan
25% Jan
Jan
25% Jan
3%% cum pfd series A—:
—100
Weston Elec Instrument
12.50
Westvaco Chlorine Prod
—No par
$3.75 preferred
300
107
31
Nopar
—
•62
100
6
22% Jan 16
15
We6ttnghouse Air Brake—'.No par
Westinghouse ElectTic Corp
12y2
700
I
34
99%
6
non-cum
Class
32,700
*48
Jun
17% Jan
13
Western Union Teleg- class A_No
par
100
32%
24%
15
100
2nd preferred
100
Western Pacific RR Co com_Ncr
par
Preferred, series A
MO
400
18%
"
38%
81
'
Co
4% % preferred
Western Air Lines Inc--
1,900
6%
38
Jan
103 Va Jan
Sugar Corp
preferred
6%
15
18%'
Indies
6%
6%
36%
84%
'
9%
64%
>
Oct
15
20 Vb
Co
West Penn Power 4%#
Pfd
West Va Pulp &
Pap Co
112%
9
63%
.
29%
9*A Opt
xll% Mar
6%^ prefemd
700
*110%
63 >"
Lt
prefebPed
conv
7%
*50
39
9%
63
14%
♦14
115
*38%
112%
9%
62%
220
*114%
114%.
Gas
Motor
West Penn
111%
112%
38%
11%
119%
*ll07/a
say2
*9
$4
West
40
*ii8y4
38%
62
64
1,800
6,100
*112%-114
119%
231/a Nov
6
5
Webster Tobacco Inc
Wesson Oil & Snowdrift-
300
111%
38%
♦110%
112%
*112% 114
'
9%
63%
1
87
*110%
Washington
900
32%
113
9%
39
87
32%
112
64%
>
39
32%
119%
112%
10%
87%
*118%
9%
10%
ft
7
13% Jan
Nopar
Wayne Knitting Mills
Wayne Pump Co
3S%
*
*112
64
600
400
39
*110%
38
25%
35
31%
112
38
>24%
Waukesha
*88%
120%
40
700
39%.
32
*110%
114%
22
10%
112
119%
22
10%
24% Jan
16
5
400
35
2
3
liy4Jan
1
Warren Fdy &
Pipe
Warren Petroleum
Corp
26%
36
Jan
22% Jan
WarnepOJros Pictures
26%
10 y4
87%
33,100
86
23% Jun
54
Apr
104% Jan
100
21%
24%
*110%
119%
16%
Sep
Oct
par
common-.
27
*35
119% 120 %
*110%' 112
119%
16%
56
15%
33i/a Dec
Nopar
new No
5 % # jweferred
200
34
21
,
25
26%
22
Walker
90
*23%
16%
10%
•iio
105
*33%
16 y4
38%
,39%
*104
33%
10%
10%
*111%
105
16%
24%
33%
35%
32%
*104%
*23%
25
f *87
23%
14
loo
22%
38%
13%
91% Nov
15
16
10%
V
21
Jan
12 y8
38%
65%
44J/4Jan
Jan
24%
34%
t
Oct
13
40
15%
27
22 -y
r
83%
Jan
38
11%
35
*24%
^
Oct
22
94
,25
16%
24%
"*142
i.
Jan
13
,25
12%
*26%
r
35'/4 Jan
92
Jan
180
16%
103 y2
*33%
I.
11
23
94
Visking Corp
300
106%
103%
16%
•
Jan
90% Jan
100
preferred
Chemical Works
Preferred
*67%
34%
16%
1
33
100
Ry
non-cum
.
156
*17%
*104%
*101
Co_6y2
17% Nov
Vulpan
17%
34%
12
'
2
Virginian Ry Co—
; 6%; preferred
'
70
17%
106%
23
<
6
17 % Jan
38Vz Jan
20% Jan
W
70
*104%
'
19% Jan
3
Sugar
Va Iron Coal & Coke 5%
pfd
400
155
*148
16
20
6% divs partic prefered——100
Va El & Pow $5 pref—
160
.
Jan
16% Jan
34y2Jan
3 % % cum preferred
Va-Carolina Chemical
1,900
18
2.50
I
21,900
„
Chemical
5%
Victor
900
;
Co
Vieks Shreve
10
82.
.
Vick
No par
Inc———^—10
Co_.
Vertientes-Camaguey
210.
101%
.
7%
-•
•
7S
94
90
34%
r
*90 Vz
*41 Va
*17%
<
*90%
98
*80
*67
,
90%
101%
7%
•r
79
34%
45 %
44%
101%
-"34
2,400
1,300
40
♦39%
*35%
*80
156
101%
90 Vz
*90
<•
,
'19
;
41%
41%
•148
7
92
33%
18%
90
90
41
150
101%
75
120
*119%
44%
101%
75%
6%
75
119%
44%
..
A,v:'
19'
33%
98
45
45%
35%
18%
33%
33%
94
*80
*140
33%
94
74%
119%
33%
*86
*44%
101%
6%
74
33%
'
*35
Corp of Am
84%
Sep
87%
Sep
75% Dec
-59%
Oct
13% Dec
Jun
May
62% May
y' 74
Aug
100
Apr
103
106
May
1,
Feb
82% Apr
25% Jun
LOW AND HIGH SALE PRICES
Saturday
Monday
Jan. 18
Jail. 20
ipeirehare
,•
Tuesday
Jan. 2L.
$ per.share
t per shar*
'
»
1
15 Vs
♦18%
.
:.•
„■
40%
03
u
?■
*
"•
f.
40%
15-
15. ••"•-ft-"
19%
'«
.'?>3
19%
*4oy2.
'
•
15
*
*
*
17 Vz
'
'mvm:
"ft
i-
.
■is-
-..V
•
..
4*
))
19%,
.,19%;
63% ■wvzx:., .63%
65
17%
- -
n
-
«
Hange for Frevloas
Range Since January 1
Lovwst
1 Highest
EXCHANGE
Shares
Par
$ per share
V
41
~
15:
65%
ft
41
-
15"15%
19%
.
-
is-
't
*
*19%
S 65%
18%.
-
.900
-
~
2,600
20%
1,400
65%
18V*
v':>;
••
-•
5,300
2,200
'>
..
Yale
& Towne Mfg Co
York
_25
38% Jan 13
13% Jan 13
Cojp —1'
Young Earing; ftftWlre^^^No par;:
rYoungstown Sheet. & Tube—Nopar
; Youngstown Steel
Door—.i-No par
-17%-Janr 16)
-
62Va Jan
-
16% Jan 16;
19%
'2<K""
'.{9%
:
v
:
m
1^4*""
.9%
-
1,300
4,600
.Eeniths Radlb
Zonite
par X
Product®
..
•Bid and asked oricor
no
ealer
on
this day-
16
'
18%
ft
the Week
t per share
-ftv;
18%.' 19"
•MA- 9%
Sales for
Jan.24
-:
\ t
;'
40 Vz
17%
Friday
23
-
,
.
15%*-
63%
1
^
$ per share -ufc t per share
.
"40%
.Jan. 23;
*
M
'
STOCKS(
NEW YORK STOCK
"
Wednesday
,
ft.....
tin
rocetrerahir
.:
•
18% jkn VS"
;9% Jhu i3t;
-
vd WH«.
Mmtr+Hmlrm*
r-
S per share
>
Year 1946
Lowest
$ per share.
Highest
f per share
Monday, January 27, 1947
CHRONICLE
THE COMMERCIAL & FINANCIAL
552
Transactions at the New York Stock Exchange
Transactions at the New York Curb Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
Total
Foreign
Government
Bond
Bonds
and Miscel
Bonds
Sales
Bonds
787,100
806,530
$3,003,800
$90,000
3,523,000
2,958,000
419,500
665,650
875,050
2,847,000
171.000
3.0*8 000
4,223,000
332,000
953,540
4,718,000
443,200
4,000
4,555,000
5,163,200
4, .783,940
$21,275,800
$1,641,700
$5,000
$22,922,500
Saturday,--.—
Monday
—.
Tuesday
...
Thursday
Friday
———«
Total
Va"
$3,093,800
214,780
139,000
197,440
20,000
21,000
$4,000
132,000
25,000
1,000
227,000
Wednesday
178,850
107*000
201,000
Thursday—
225,645
177,000
Friday
259,415
182,000
1,298,795
$879,000
159,000
22,000
29,000
$127,000
Tuesday
...
Total—
199,000
211,000
$1,011,000
$5,000
10,900,980
$5,000
1,641,700
21,275,800
$179,000
2,533,700
$99,000
33,626,400
4,493,200
90,647,400
$800,500
8,447,400
146,885,7U0
$22,922,500
$36,349,000
$95,239,600
$156,133,600
1947
1946
1947
4,783,940
AAAA -A;
Jan. 1 to Jan. 24
1946
Week Ended Jan. 24
1946
Bonds
Total
$10,000
40,220,247
16,971,230
ForeignRailroad & Industrial.
$83,000
$73,000
Jan. 1 $o Jan. 24
1947
1946
1947
U. S. Government.
Total
Corporate
222,665
a
Week Ended Jan. 24
Stocks—No. of shares.
Domestio
Monday
3,378,500
$1,000
(Par Value)
Foreign
Government
Saturday.
3,714,000
186,000
Foreign
of
Shares)
Week Ended Jan. 24, 1947
,
696,070
Bonds
(Number
Share»
Week Ended Jan. 24,1947
-
Stocks
United States
Railroad
Stocks,
Number of
1,298,795
4,752,500
4,849,595
16,770,970
$879,000
$2,125,000
496,000
5,000
$3,616,000
476,000
$9,111,000
127,000
Stocks—No. of shares.
Bonds
Domestic
Foreign government.
Foreign corporate—
5,000
$2,626,000 >
$1,011,000
Total.
1,427,000
32,000
38,000
$4,124,000
$10,576,000
Stock and Bond Averages
Below are the daily closing averages
listed
on
A
•
i.
;•
.
■
•
;
'
-1
Indus¬
10
trials
Date-
roads
y.i
■■■<? '.'' \
1
}'■
% ^
22
January
"
21
January
'
-v.
18
i
'
'
23_^A,
*
J
1
W'
10
t
10
Second
First
Indus¬
Grade
trials
Rails
Rails
93.15
TCtal
.
-mui«
Grade
40
ties
Bonds
;
^
107.94
104.46
36.75
63.63
104.66
112.09
36.39
63.03
104.71
112.07
92.86
107.95
104.40
48.31
36.28
62.74
104.77
112.29
92.64
108.09
104.45
«
48.51
36.39
62.89
104.60
112.02
93.00
108.15
104.44
.
175.13
49.16
36.66.
63.46
104.66
112.27
93.03
108.14
36.68
63.62
104.70
112.31
93.25
: 108.05
175.92
-
174.06
.
,
173.51
_
...
•
January
Stocks
•
48.76
20
January
■
%
ties
65
.1173.77
January
January
..
-
,
'49.07
'
''
-
;i'10
Total
15
utiii-
-
'
-
compiled by Dow, Jones & Co.
'
20
Rail- :
30
■
.
-
of representative stocks and bonds
the New York Stock Exchange as
24_
49.39
175.49
.
'W^*
-c
-,
-
104.52
-
104.58
r ;
.
_
V V
,
Bond Record
,
New York Stock Exchange
«»
"
"!"*^FRIDAY||:iWEEKW> >YEARU|' the week's range, unless they ere the only transactions
V; '
disregarded In
defaulted bonds, cash and deferred delivery sales are
shown in a footnote in the week In which they occur. No
notice—Prices are "and Interest"—except for Income and
and when outside of the regular weekly range are
the week,
The italic letters In the
jtif
column beaded "Interest Period" indicate in each case the
&
' l
J
1
-i''
Monday
Tuesday
Jan.18
Jan. 20
Jan.21
Xoar
tow
High
tow
High
High
Jan. 23
Jan. 22
tow
Friday
Thursday
Wednesday
tow
High
?
High
Jan. 24
tow
High
;:
EXCHANGE
Bonds ($)
106.13
Treasury 3'/as
108.23
Treasury 3s
112.12
Treasury 27/ss
*102.10 102.12
*102.8
102.10
Treasury 23/4S
*112.2
112.4
*112.6
*112.10
*112.9
112,11
102.10
•102.9
102.11
*102.9
112.8
102.11
107.7
*112.24 112.26
*107.5
107.7
*107.6
107.8
*107.10 107.12
*107.10 107.12
*112.26
112.28
*112.27 112.29
*112.30 113
*112.31 113.1
*113
*113.15 113.17
*113.16 113.18
*113.19 113.21
*113.22 113.24
*113.23
113.25
*114.28 114.30
*114.28
114.30
*114.28
*114.30 115
*114.30
115
*113.24 113.26
*114.30 115
*102.26
102.28
*102.26
102.28
♦102.26 102.28
*102.26
302.28
*102.26
102.28
*102.26
*104.15
104.17
*104.15
104.17
*104.17 104.19
♦104.18
104.20
*104.18 104.20
*105.10 105.12
*105.12 105.14
*105.13 105,15
105.15
♦105.10 105.12
102.22 Jan
102.22 Jan
6
*105.13
Treasury 2%s
6
Treasury 2%s
104.21
Treasury 2'As
*105.14
105.16
Treasury 2'As.
105.8
*105.8
105.10
*105.8
105.10
*105.8
105.10
♦105.9
105.11
*105.9
105.11
Treasury 2'As.
*107.3
107.5
*107.4
107.6
*107.6
107.8
*107.7
107.9
*107.7
107.9
Treasury 2 Vis,
*105.8
105.10
*105.8
105.10
*105.8
105.10
*105.10
105.12
Treasury 2'As
.
104.26
*104.24
104.26
*104.24 104.26
*104.26
104.28
Treasury 2'As
.
*104.24
*104.11
104.13
*104.11 104.13
*104.13 104.15
104.11
*104.8
104.10
*104.8
104.10
*104.11 104.13
104.9
*104.6
104.8
*104.6
104.8
*104.8
104.10
*104.8
*104.5
104.7
*104.5
104.7
*104.7
104.9
*104.7
103.2
*103
103.2
*103.2
103.4
*103.2
106.11
*106.9
106.11
*106.9
106.11
*106.10 106.12
•104.9
•104.7
*104.6
104.8
!103.1
103.3
♦106.9
106.11
; -*103.
*106.9
*103
103.2
*103
:
*105.16
*105.16 105.18
♦104.3
104.5
*104.3
♦107.2
107.4
*107,4
105.12
*105.10
*105.10
'■
:"o
•
•'
'
-
'
103.2
*103
105.18
104.5
-107.6.
•
.
103.2
*104.3
105.12
:
' •
*105.17 105.19
104.5
*107.6
107.8
•105.12 105.14
*105.10 105.12
105/13
*104.28
^
104.30
*104.14
104.16
*104.27
Dec. 1964-1969
rl04.12rl04.12
1,000
Treasury 2 %s
104.10
1,000
104.9
rl04.8 rl04.8
*104.8
104.10
Treasury 2'AS.
Treasury 2Vis
103.4
*103.3
1966-1971
Treasury
2^9
*103,2
103.4
*105.19
105.21
*105.21
105.23
104.6
*104.4
104.6
*107.10 107.12
*107.13
107.15
*107.15
107.17
Treasury 2%s
Treasury 2H4S
*105.14
*105.14 105.16
♦105.15 105,17
Dec. 1967-1972
..1951-1953
toK^.iosa
Treasury 2 Vis
*104.4
Treasuoy 2'As
•103.1
*103.1
103.3
*105.19 105.21
*104.4
104.6
105.16
103.3
T-
*102.15 102.17
Treasury 2%s
*102.15
Treasury 2Vis
Dec. 1959-1962
102.17" *102.15
*102.14
102.16
102.17
101.7
*101.5
101.7
*101.5
'101.7,
*101.5
101.7
*101.5
101.7
*101.4
101.6
*101.7
101.9
•101.7
101.9
*101.7
101.9
*101.7
101.9
*101.7
101.9
Treasury 2s
*102.5
102.7
*102.9
102.11
*102.9
102.11
,
*102.11
102.9
102.9
*102.7
102.13
*102.11 102.13
*102.17 ,102.19
*102.20 102.22
♦102.17 102.19
•102.18 102.20
*102.22 102.24
*102.30 103
♦102.31
103.1
*103
103.2
*102.24 102.26
i
*103
-103.2 *103
103,2
*1Q2.30 103
•103.2
103.4
*103.2
•105.9
105.11
*105.12
103.4
105.14
*102.7
102.9
*102.11 102.13
*102.9
102.9
*102.7
102.9
*102.11
102.13
*102.11
102.13
"rH'im1
w
WW'
'fc
\
*102.17 102.19
*102.17 102.19
Treasury 2s
102.24 Jan
6
Jan 17
103
*102.20 102.22
Treasury 2s
Treasury 2s
*102.24 102.26
*102.31 103.1
*103
*103
103.2
♦103.1-
103.3
*103.1 > 103.3
*103.1
103.9
*103
103.2
♦103.2
103.4
*103.1
103.3
103.2
103.2
1,000
103.6
•103.4
103*6
103.4
103.4
'2,000
*105.19
105.21
♦105.20 105.22
*101.3
101.5
*103.3
101.5
Treasury l%s
...Dec. 1952-1954
,
1953-1955
1948
*101.8
101.10
*106.8
101.10
Treasury 1 Vis
1950
*101.3
101.5.
*101.3.
101.5
♦101.3
101.5
*101.11
101.13
*101.7
101.9
*101.8
101.10
No sales transacted this day.
a
-
Odd lot
transaction.
-
Treasury 2s
r Registered
102.11 Jan
107.10
Apr
106.15
Apr
109.15
Feb
101.15 Jan
106.16
Apr
106.15-Aug
106.15 Aug
108.17 Aug
107.14 Apr
102.5 Jan
6
104.16 Apr
104.7
Apr
Jan
102
Apr
102
Apr
De"o
/102^8
Deo
Jan
103.9
Jan
103.7
6
101.4
103.9
Jan
Jan
103.22 Feb
r
.™i.
Treasury 2s
Treasury 2s
—
mm
.
"
m-mmmmi
June 1952-1954
Treasury 2s
,
.A',
•.
i.v
•
A;,,
^
102.16 Oct
102.20
1951-1953
bond transaction.
107.19 Apr
107.9
Apr
102.22 Jan
102.8
102.5
1951-1955
Treasury 2s
,/
100.29 Jan
......J3ept. 1950-1952
*102.24 102.26
*102.31 103.1
*103.4
Jan,, * 107.9 \ Apr
S
m~m
*102.25 102.27
*105.16 105.18
Nov.
103
104.22 Sep
March 1950-1952
103.1
*105.13 105.15
107,27 Apr
107.4
Apr
108.17 Aug
Dec. 1949-1951
♦102.20 102.22
.
108.4
.
101.16 Jan
Sn/Jkm*,
—Sept. 1949-1951
*102.31
103.1
m in ]
June 1949-1951
.
103.2
Jan
Jun
Jun
106.28 Apr
«wm»
1948-1950
*102.24 102.26
101.5
Treasury 2s,
Treasury 2s
•102.7
101.9
asked price.
"Art
Treasury 2s
102.13
Jan
102.11 Jan
March 1948-1950
102.11
102.9
•101.7
and
*102.9
*102.11
♦101.3
♦Bid
102.11
♦102.7
*102.17 102.19
*102.17 102.19
*102.20 102.22' *102.21 102.23
103.1
104.4 Jan 13
1947
Treasury 2s.
♦101.7 ? 101.9
•102.7
0
June 1959-1962
*102.14 102.16
*102.15
102.17
102.10
104.4 Jan
'
*102.14 102.16
102.17
*102.15
107.15
107.5
1956-1959
102.17
♦102.15
*102.14 102.16
*102.8
103.29 Jan
2
2'
1954-1956
*102.15 102.17
*102.14 102.16
*101.5
Jan
..Sept. 1967-1972
Treasury 2'As.
•106.11 106.13
Apr
104.7
104.4
..June 1967-1972
,
Feb
106~
105.22 May
1965-1970
.
Treasury 2'As
103.5
Nov
118.23
108.4;
1963-1968
..June 1964-1969
Treasury 2 Vis.
*104.11 104.13
*
'
*105.11
304.29
*104.13 104.15
113.3
Nov
105.29 Aug
1962-1967
*104.11 104.13
Apr
Apr
106.16 May
1956-1958
107.5
Feb
115.23
106
1952-1954
*107.3
109.22
118.15 Mar
1949-1953
♦105.6
102.12 Dec
-
113.3
.1950-1952
•AAA;
Jan
115.26
Dec
113.12 Aug
.1948
*104.19
11U8 Feb
107.5
.1960-1965
Treasury 2'As
Jun
112.21 Aug
.1958-1963
102.28
104.27 May
102.11 Dec
1956-1959
Treasury 2%s
104.14 July
110.3
1951-1954
Treasury 2%s
113.2
Highest
Lowest
1955-1960
1948-1951
*112.2
114.30
—..1947-1952
iq49-i9fi2
1951-1955
Treasury 4'As
Year 1946
1
Highest
Lowest
r
*112.10
*106.11
*108.19 108.21
107.10
\
Range for Previous
*108.21
*102.17
306.13
*108.18 108.20
*102.10 102.12
r aa «
' 'w'
*
Range Since January
STOCK
*106.11
302.19
*106.11
108.19
*107.8
YORK
NEW
106.13
*102.17
*106.10 106.12
*108.17
112.12
in computing the range for the year.
GOVERNMENT BONDS
Sales for
the Week
102.19
*102.17 102.19
*106.10 106.12
*108.17 108.19
*107.5
-A' *
*108.19 108.21
*102.18 102.20
*106.10 106.12
•102.8
a-a ■
-
*102.16 102.18
*102.18 102,20
112.4
s
decimal'point represent one er more S2d of a point.
* Figures'after,
tow AND HIGH SAtE PRICES
Saturday
account is taken of such sales
month when the bonds mature.
Oct
•
104.3
/
.•
;
-
wmm'
:..v.'
104.14
'
•
V-
"Mar
Jan
103.13 May
103.2
Jan 24
103.2
Jan 24
103.13 May
102.14 Nov
104.26 Feb
101.4 Jan ; 8
103.4 Jan 24
101.4 Jan
6
102.22 Nov
104.29 Feb
101.14 May
103.1 Jan 21
101.31 Mar
101.3
102.17 Mar
Sep
Volume
a»
v
a-,
,THE COMMERCIAL
Number 4563
16S
...•%•»
.
'
v:
v".
s*. ••
FINANCIAL CHRONICLE
St
NEW YORK BOND RECORD
JANUARY
RANGE FOR WEEK ENDING
,
:
..BONDfl.-'CU^York
Stock
Friday
Exohangs
Interest
1
Last
Period
New
Sale Fries
Friday's
Bid A Asked
or
Low
New York
BONDS
' Week's Range
High
"
Bonds
Sold
High
Low
No,
York Stock
.|l9;
v
J
Friday
Week's Bange
or Friday's
lateralLast
Exchange
Ported
Sale Piles
A7S
Cons Munic
QMiwn«:«d
A Chinese
:-1.?.:':. -■ ■..:.w
(Hukuang
Corporate Stock
1960
7s
r
M-3
1 Qfift '
M-8
031961'
Ry)
J-D
■.
L.
.
'
January 1
Sold
No.
High
■
-
f
*14'/a
High
low
22
20% '*-20%
21
■I -
24
-*22
...
k
-
20V*
Range Since
Bonds
Bid * Asked
tow
A Chilean
City
Transit Unification issue—
3ft
New
Ranye Since
January 1
15%
14%
16 1
Colombia
(Republio of)— "
ijoes of man
iw. igei
A 6s
■
Jan 1981
3s
of
1927
external
AColombla
f $ bonds—1970
a
Mtge Bank
6%s
1947
ASinking fund 7s of ifl2B
A
tqab
Sinking fund 78 of 1927——.1947
Copenhagen (City)
■
ipso
25-year gold 4 Vis
1953
ACosta Rica (Rep of) 78.-1951
Foreign Securities
Cuba
(Republic of) 5s of 1914
External
Wertheim & Co.
Telephone
120
1949
1977
Sinking fund 5%*...
Members New York Stock Exchange
REctor 2-2300
1949
41/as
loan
4Vis external debt,-
—1953
Teletype
ACzechoslovakia
NY 1-1693
Broadway, New York
(Rep of) 8s ser A.1951
ASinking fund 8s series B
lADenmark 20-year extl 6s_
1952
1942
1955
External gold 5'/2s
Foreign Govt. A Municipal
Agricultural Mtge Bank (Colombia)—
AQtd sink fund
■
: 10**
97%.
98%
1942
101%
.161%
IA 1st series 5%s of 1926
1940
I A2d series sink fund 5%s
1940
.
AGtd sink fund 6s.
Akershus
| A Dominican Rep Cusfc Ad 5 % s
*73
••
1968
lAAntiquia <Dept) coll 7s A—...1945
—
*103 y2
27%
101%
101%
Customs Admin 5%s 2d series—1961
*73
1948
(King of Norway) 4s
101
..1969
1969
101
101%
101
5%a 1st series
lAExternal
s
f 7s series B
lAExternal
s
f 7s series C
lAExternal
s
f 7s series D_
28%
...
2dseries
6Vis
.
.1945
*27
30
,.1945
*27
35
AEstonia
__1945
28
28%
French Republic
1957
22
22
AExterial sec s f 7s 2d series
1957
A External sec s f 7s 3rd series—1957
22
22
22
22
A External
f 7s 1st
s
series
Antwerp (City) external 5s.
External 5s
of
1927
A 6s
109
1957
External g 4%s of 1928-,
10-year 3 Vis
101
—1966
(Republic)
1949
*106% 108
s
i
6s
1955
*107% 112
External
s
f
7s
1955
(U S of) external 8s
Stamped pursuant to Plan A
A4%s assented
113
AAss'td to
AMexico
(Int reduced to 3.375%).;
AAss'td
A7s (Central Ry)
.
AAss'td
'
AAss'td
•tamped pursuant to Plan A
tfnt reduced to 3.375%)
3Vis Series
No.
3Vis Series
3 Vis
ASec
ASee: external a f
61%
,
,
«-
3%• Series
-
.v
-
;
-
,
.
No.
No.
3Vis Series
No.
12
j
3 Vis Series
No.
13
t
3Vis Series No. 14
No.
57%
.
63%
A Nat loan extl s f 6s
*58
*57%
*57%
102%
103 :
100% 100%
99%
99%
*104
;5'
''
*38
47%
28
'10%
250
1961
15
167
1st ser..—1960
ANat loan extl s f 6s 2d ser
63
Series
No.
No.
———
23
Series
24
No.
102%
103
15
65
22
B—.^—^1967:
(State of) 7s
—1947
Stamped pursuant to Plan A
(Int reduced to 2.125 %)^M—W2008
APeru *(Rep of) external 7s
...1959
57%
21
1963
—1994
to.
Ext see ref 3%s series
APernambuco
62
57%
*57%
—
57%
*57%
;
—1958
loan s f 7s
1947
assented—.—
1968
AExternal sink fund gold 8s—1950
A4%s assented1963
A4%s
57%
A4%s
—„
*57%
59%
*57%
59%
..
*57%
—.
•57%
64
*57%
62
3Vis Series No. 29
3 Vis Series No. 30
Brisbane (City)
__
t
101% 101%
4
101%
101% 102%
8
101%
102 Vs
101% 101%
1
101%
Stamped pursuant to Plan A
(Int reduced to 2.375%)——2001
AExternal loan 7%s
1960
101%
1958
—1950
1023/a
—
-
—1961
APorto Alegre (City of) 8s
1957
s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
assented
A Stabilization
64
*57%
——.
28
-1940
lAPoland (Rep of) gold 6s—
—.
3Vis Series No. 26.
3Vis Series No. 27
u
57%
Stamp mod 3 Vis ext
1
63
3 Vis
'
57%
*57%
_
—
3Vis Series No. 25
3Vis Series
105%
104%
1955
AStamped assented 5s
58
*57%
3 Vis
'
57%
;
■
58
57%
■
.
20
No.
64%
58
3Via Seriea No. 17—-i—
3 Vis Series No. 18
3 Vis Series No. 19
3Vis Series
105%
105%
104%
f 5s..—.1970
s
Panama (Republic)—
*57%
w 3Vis Series No. 16
v3 Via Series
•
Oslo (City) sink fund 4%s
J
15—.
No.
104 7/a
——1965
4a sink fund extl loan—.—1963
Municipal Bank extl
11.
Series
68%
*83%
.
*32%- 38
..,..,.,..1956
External^ sink fund 4 Vis
63
L—
10
3Vis Series
3 Vis
Norway (Kingdom of) 4%»
*83%
3Vis Series
No,
61%
*66%
6%s..—uu~1958
Stamped pursuant to Plan A
(Int reduced;- to12.125 %)^i-^008
60%
*60%
No. 9
3Vis Series
60%
60%
-.
No. fi-
Series No.
61%
60%
60%
„
.—1958
„
(Plan B)—
3—
(State)—
external s f 6%»-
Stamped pursuant to Plan A
(Int reduced to 2.125%)—.2008
1979
■
3Vis 8erles No. 7—
3Vis Series No. 8
1942, agree.1963
Ulnae Geraes
3Vis Series No. 4
.
to Nov 5,
1
(Int reduced to 3.5%)
1978
funding bonds of 1931 due..1951
No. 0
1945
1942, agree.1963
to Nov 5,
lATreasury 6s of 1913 assent—1933
1952
Stamped pursuant to Plan A
1945
5s of 1899.
1945
1942, agree_1963
to Nov 5,
AAssenting 4s of 1910
1957
1
(Int reduced to 3.375%)—..1979
3 Vis Series
1942, agree_1968
AAssenting 4s of 1904
1954
AAss'td to Nov 5, 1942, agree_1968
1979
Stamped pursuant to Plan A
External $ bonds of 1944
3Vis Series No. l—:
1943
Nov 5,
(US) extl 5s of 1899 £
A Assenting
Stamped pursuant to Plan A
•%
1957
1954
1941
A External s f 6Vis of 1927
&
(State Mtge Bk) 7s
(Colombia) 6%s—
Mexican Irrigation—
(Int reduced to 3.5%)—
1978
AExternal s f 6Vis of 1926
...1957
_
1960
A Jugoslavia
98%
External
iABrazll
f 6s series A—1952
1960
s
101%
98%
112
1964
1968
paid
part
part paid
AMedellin
Belgium external 6Vis
,.,M967
,,
1949
——...1949
Helsingfors (City).ext 6%s
Irish Free State extl s f 5s
101
1956
20-year 3 Vis
Haiti
109%
103% 104
101%
1950
78-.
7s stamped
Greek Government—
1958
Australia (Commonw'lth) 5s of '25.1955
(Republic of)
7a unstamped
A7s
A
Stamped pursuant to Plan A
*
(Int reduced
to
2.25%)—-2006
APrague (City of Greater) 7 Vis—1952
Buenos
Afls
Aires
(Province of)—
stamped—
External
.
1ST61
1977
100
100%
99
100
100
993/4
100%
*100
993/4
100%
1975
•100%- —-*•
100 '/4
1005/a
External
t
3%
s
f
f
external
Canada
•
4%-4%s__
a.
f
(Dom of)
Ifbondsy;; ,...1984
93
r
100%
93
92%
I960
1083/4 108%
109% 110%
109
93
1
AEXternal
sec
'
2001
1953
6%s
Stamped pursuant to Plan A
(Int reduced to 2%).
—2012
108 3/4
—1961
30-yr 4s
25-year 3 Vis—;
;
Stamped pursuant to Plan A
(Int reduced to 2.375%)
100%
1970
1976
s
1946
ARlo do Janeiro (City of) 8s
*98
4%-4%s_i
Refunding s f -4Vi-4%si.
External readj 4%-4%s
t
109%
-110%
.Jania 1948;
••
ACirlsbad (City) 8S.*.1954
Viv.i ;
AOhile
(Rep)
A7s
1942
f 7s
s
..—.1942
For Financial Institutions
^.External sinking fund' 6s______i96o
v
v
.
v.
.
External
assented
-«assented1,
101 %
100
External gold 4%s.——1962
■-I
ABxtl
sinking fund 6sl
Feb 1961
5--A0S-assented' —Feb-1961^
ARy external a t 6s
Jan 1961
A 6s
i
,
A Extl
A6s
sinking fund 6s...—-Sep 1961
assented
:
—Sep 1961
ASxternal sinking fund 6s
A6S
asaentftd
,
.
At• -asM»nt.«d
.
1963
assented
1961
assented
A 6s
assented
1961
.—1961
AOuaranteed sink fund 6s
'.v
w
A6s
For
assented
footnotes
1962
;
see
r«n MAMS 4 P.p. INC.
:
,
FOREIGN SECURIHES SPECIALISTS
50 Broad St. New York 4,
N* Y.
.1901
AOuaranteed sink fund 6s
r
;
1957
i,
ASinking fund 6%s
A 6Vis
FIRM trading markets
IQfit•
■
Mortgage Bank -6 %8..~~~195?
A6%s
SECURITIES
1962
n„1 Bfi2
AExternal sinking fund 6s_
A Chile
FOREIGN
Jan 1961
assented
page
1962
557.
Telephone HAnover 2-0050
Teletype NY 1-971
Monday, January 27, 1947
THE COMMERCIAL & FINANCIAL CHRONICLE
554
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING JANUARY 24
BONDS
;wj.
Stock Exeh&ng*
bonds
New York
Interest
Lut
Low
Rio
of)—
Grande do Sul (State
loan of 1921
reduced to 2.5%)——-1999
external sink fund goldM«.1968
V
32
33%
*37
31
30%
1
31,
31
37
68
68
—
—
1
'
IA Secured
*52
57
A-0
*79
1940
:•••'
.
.
1978
••
1962
M-N
3-D
1958
J-D
F-A
sink
fund
6s
1960
6s.
1964
M-N
,...1I7>
M-N
4As
extl
1978
98
100
1
9'/a
102
20 Vi
76
F-A
100%
.
1961
F-A
98 Vi
3
100
-
14,
*—
•
•100%'
Albany & Susquehanna RR 4Vis
1972
1975
A-O
104
Alleghany 3s West 1st gtd 4s
1998
A-O
*100
M-S
101
Power
Allis-Chalmers
Am &
1st
Mfg
mtge 3Vis„
debs
2s
1956
General gold 4%s._
16%
•
Foreign Pow deb 5s
2030
1
2%s
2%s
98 Vi
100V4
101 Va
30
107'/a
AGen
98 y2
10
108 %
102
101 »/a
130% 132
144
129
102% 103%
151
102%
103 %
103%
102% 103%
50
102%
103%
99% 100 V2
159
99 y4
100 %
131%
100
3-J
3-D
U8%
116% 119%
738
116
1962
A-O
104%
104% 105 y4
50
104
106
106
106 y2
74
105%
106%
98
Q-J
—
98
2
97%
98
94%
Jan
Air
Charlotte
&
1st mortgage
3%s
M-N
Second
Atlantic
94%
2
94
115
129%
2
116%
—
10
116 Va
117
131%
106
107%
106% 107%
Is
105%
106
107
11
105%
36
4
35%
__
35%
*103% 104'/a
1943
30
*128%
126%
27
——
1983
2003
1956
99%
102%
99%
A-0
95%
81
97% 100
67
70
J-D
38
100'/»
94%
189
70
81%
82%
49 Va
.
63 Va
80
Boston & Maine 1st 5s A C
deposit
1934
1960
1952
M-N
.
1951
,_...._1951
1951
J-J
J-J
...
:
1963
1963
3-J
3-J
1952
'
1962
3-J
M-S
3%
63
69y4
City Ice dt.Fuel 2%s debs
467
49%
57%
City Investing Co' 4s debs..—
11
21
3-J
95%
93
95%
14
—
93%
96%
86%
88%
91%
95 Va
;
96 Va
.
General
•
1
96%
*98% 102
5s
series
96
98 V*
——
'
98
&
Wab & M Div
-
■
99; 1
1st
80
152
1977
25
60
60
60
74
: 72%
74%
68
46%
48%
298
51 Va
52 %
23 '/a
25
52
.
;.W90
25
*
*99%
—,r
102% 5
"
r
wJma
88
58%
M-N
IQfiO
J-/>
( ■'
1st mtve 2%s_1975
M-N
5
«•••
*101 Va
99
98
•
2
——
r
103%
K-
103
Cleve Short Line 1st gtd
s
5ya8
f 5s series B gtd.i
88
14
44
6
60
43
]
103%
104%
101 %
101 Va
108 %
106%
100%
102%
—
—
103% 103%
[1
•
2
,
5
-4 26
,
i
•
'4
102% 104;-
,
1st
s
f 4%s series C
Colorado & Southern Ry—
>.7^
69
67
69
66
66%
!___1973
^—1977
t
"r
jl%s (stamped;modified)———1980
.
Jf-N
69 Vi
M-S
A-0
M-S
F-A
Columbia Gas & Elec 3yas debs—1971
Columbus & H V 1st extl gold 4s
Columbus & Sou Ohio El 3V4S
Columbus & Tol
1st extl 4s —
1948
1970
1955
Commonwealth Edison Co^. v* /-y-
series L
1
—1977
1st & ref 4%s—.—1951
Conn River Powr 8 t 3%s A^..——1961
Consolidatfed Cigar Corp 3 Vis
1965
Consolidated Edison of New Yojk—
3%s debentures. „
-..1948
1st mtge 3s
k
Conn Ry 3c L
.
F-A
J-J
F-A
debentures——...1956
'
A-O
76
44
50%
47
48%
55%
352
21%
27 %
100
100
92%
4
92%
83
58
80
3
106
106%
103% 103%
5
103
104
107% 108
9
106%
108%
106% 106%
107%
9
105%
106%
34
34 Va
34'/8
34%
34%
19
34
71
71
34 Va
18
34%
71
3
71
74
.104%
104% 104%
112% 112%
2
53
102%
99
14
82
84%
98%
98%
98
98
98%
57
77
80%
115
79%
76%
78
79%
112%
104%
-
83%
82%
*105
99
98
*
83%
105
112%
104%
104
1
76%
94
2
94
108% 109
17
76%
94
80%
94%
108%
109%
107%
108%
•104%
107%
107%
1
».
107% 107%
8
107%
109
106% 107
107
8
10.6%
107
38
105%
106 %
105% IPS A
105%
06%
56%
56%
106% 106 %
;
II
*104
'
—
2' jf
4
109
: *115
v
109
*108
106
I
101%
104
'
;;
56kI',.
105%
58
106%
r-
109% 110%
>" 109% 109%
II
A-0
A-O
1debentures.........—1958J-J.¬
3%s
M-N
A-O
A-O
A-O
A-0
82
106% 106%
\
91%
56%
43
—
..
102% 102%
102%
100,1
104!|
1961'
1972,
92%
80 %
M-N
F-A
i
72%
103
92%
92%
—
4%s—
1st
102%
—•
7
89%
58%
106% 106%
»•—
101%
103
103% 104
*106
M-N
M-S
27/as.——.,.1976
57%
*40%
101%
102%
103
*94%
F«A
F-A
>100
-
3-J
M-N
59
102% 102%
102% 102%
...
99%
Cleve Union Term gtd
A-O
^
99%
64
59
4
*98
J-J
.
101
102 % 105
*99
M-N
1970
8i y4
100%
J-J
.——1948 :
1950
gtd
Series D 3%8 gtd
128%
J-J
;.1991
tr gold 4s
Ilium 3s_
Series C 3yas
128
99
128% 128%
105'/a
78%
101
79 «/4
J-D
4s.
Cleveland & Pittsburgh RR
__
2
5
101
J-D
impt 4%s series E
Cleveland "Elec
J-D
1993
B—1
Ref
•
*100
128%
'
!<i
3-J
M-N
1947
1957
105 Va
A-O
F-A
F-A
J-D
—1993
General gold 4s
f
1966
at
30
105% 105%
.
Cleve Cin Chic & St Louis Ry—
95
1950
...
149
87%
July 1970
modified
(interest
1947) due
,
1975
E—
69y4
M-N
to May 1,
A-O
A-O
M-N
1969
1974
^-.1966
1961
2%s.
1st mtge gtd 3%s series
57%
93%
1961
1st mtge 4s series RR..—1960
Stamped
.
55%
series II.——1955
El
99
J-D
Gold 3%S
66%
M-N
1st gold 4%s series JJ
Buffalo Rochester & Pgh Ry—
44 y4
98%
J-D
J-D
69%
M-3
Buffalo Niagara
59%
38
15
...
57
1967
v
57
37
99
A-O
M-S
of
IA Refunding gold 4s
8 A Secured 4ya"s series A
M-S.
86%
& N Y AlrLlst 4S.. ....1955
59%
40
98%
47%
1988
4s
F-A
87%
*.—1970
1976
58%
38
J-J
69%
Jf-M
mtge
51%
59%
-
inc
Cine Gas & Elec 1st mtge
75
63
Beneficial Indus LoanJ2Vis........1961.
S
47
F-A
conv
1st mtge 2%s ser G
Bethlehem Steel Corp— /
4a
85
12
99
Cincinnati Union Terminal—
'
Gen
80
80
mtge
70
72
Bell Telephone of Pa 5s series C—1960
*
~5
Apr
J-J
.
1st mtge 3s ser B
•
..
85
140
40
J-3
J-J
J-J
.
SADebentures 5s part paid——1957
JAChoctaw Ok & Gulf cons 5s.—1952
60
«...
.
40%
84%
1
140
49
1
80
«...
Bklyn Union El 1st gold 5s
Bklyn Union Gas 6s series A
85
*140
J-J
tlAChilds Co deb 5s part, paid—..1943
69%
1959
.....
Bklyn Edison cons M 3Vis
85
100
85 «/2
100
77Va
A-0
t A Boston
37
61'/4
St L Dlv 1st coll
| jAInc mtge 4 Vis ser A—
86
82%
Chicago Uhion Station—
1st mtgef 3yas series
1st mtge 2%s ser G
66%
A-O
>
38%
56V2
Memphis Div 1st gold 4s
80
3-J
5s
99
37%
38%
45
28
69%
T |
4s stamped
.—1951
Beech Creek Extension 1st 3Vis
1951
1st M
11
181
102%
M-S
3-J
Cons
99%
60
gold 4%8
Chicago St L & New Orleans 5s.
J-D
1951
5
1
2
99%
84
.
2%s ser I
mtge 2%s ser J__
113%
112% 113%
102
103%
112%
1
103% 103%
J-J
Chid & West Indiana conv 4s...
194
98% 100%
3-J
Bangor & Aroostook, RR—
mtge
113
113
103%
43
37
77
57'%
Cin
Cons
41
•
-
1950
due
Con ref 4s
124
38%
313% 113%
J-3
M-N
M-N
..1994
1st & ref 4y4s' series D___
Feb 11960
Toledo Cin Dlv ref 4s A.—-
f
—
•122
41
F-A
F-A
•
106 %
106%
128%
105%
105%
•
30
102% 107%
A-O
,
1947)
140% 141%
105% 105%
J-J
F-A
.
103%
103%
141% 141%
141%
48
48
51%
•106% 107
-
Pgh L E & W Va System—
Ref gold 4s extended to
1951
S'west Dlv 1st M (int at 3Va%
to Jan 1
105%
83
•
*20
mmmm
J-3
(Int at 1% todue
2000
Ref 3s gen ser F (int at 1% toSep 1 1946) due
1996
'
105
83%
'
3-J
due—
64
105
105
>
AConv
108%
*105%
Ref 3s gen ser D
ACohV
106%
58 y2
107%
107
4s
—.1948
2%s debs
.1968
1946)
106%
105%
106
M-S
M-N
3-J
gold
1
15
25% partial redemption..
1927
tChicago Rock Island & Pacific Ry—
116%
116% 116%
131% 131%
J-D
1964
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946) due
July 1948
Ref & gen ser A (Int at 1% to
Dec 1 1946) due
1995
Ref & gen ser C (Int at IV* %
to Dec 1 1946) due
1995
Sep
106%
105 J/a
106 >/4
A-0
^_Jan 12038
Chicago & North Western Ry—
Baltimore 3s Ohio RR—
mtge
26
4yas-_Jah 1 1999
1989
tSAChicago Railways 1st' 5s stpd
94%
B
1st
35
-26
26
J-J
4%s inc ser A Jan 1 2019
Jan 1 2044
A Certificates
mortgage
Refining
26
10
Apr
AGeneral
Ry 1st 4s.—1948
Danville
&
142
*108
Chicago Terre Haute 3c S'eastern Ry
1st & ref M 2%-4%s
;
1994
Income 2%-4V4S
1994
Atlantic
541
35
J-J
4yas coriv inc ser B
v
116% 116%
131%
Nov
Ry—
1963
July 1952
General unified 4Vis A.
40
40
28
J-J
Apr
Gen mtge
Line
Atlantic Coast 1st cons 4s.
mtge 4yas
1st mtge 4s ser;A
•
2nd
A-O
4s-i—July 1199.5
Stamped 48—..,^——...July 11995
Atlanta
40%
31
32
M-N
1982
1988
"
•
gold
86
31
F-A
..1985
4Chicago Ind & Louisville Ry—
A 1st mtge 4s Inc ser A
>
A2d mtge 4y2 inc ser A
;
Chicago Ind & Sou 50-year 4s_
Chic Milw' St Paul 3c Pac RR—
119%
105%
A-O
Atchison Topeka Ss Santa Fe—
General
4s
——1995
Adjustment
83
132%
102%
A-O
1967
AAnglo-Chllean Nitrate deb..
Ann Arbor 1st gold 4s
—..1995
J
~2
236
34%
* M-S
•
1997
mtge inc (conv)
Chicago & Erie 1st gold 5s
F-A
•___—__1961
L
1970
.
1st mtge 3%s ser B
1969
debentures
conv
debentures——
40%
*48%
1985
Chicago Gt West 1st 4s series a
M-S
1986
Amer Tobacco Co deb 3s..
3s
104 Vi
1975
2%s debentures
83
J-J
____1992
...
1st & ref mtge 2%s—
Chicago &" Eastern 111 RR—
109 %
104
1980
debentures
2%s debentures
„<
108%
1
104
AGen inc
debentures——.——..i—..1956
3s conv
'
108%
83
32%
F-A
...
American Telephone & Telegraph Co.—
5
15 '/a
27
*_.
F-A
1965
1st 3c ref mtge 3Vas
104
104
107 Vi 108
107 Vi
M-S
64
40%
__
108% 109 Vi
109 Vi
J-3
14
64
--
26
.2d consol gold 4s_
^.1989
4 A Chicago' 3s Alton RR ref 3s__
1949
Chicago Burlington 3s Qulncy RR—
General ,4s
*
2
_„1958
1st 3s ref 4y2s series B
1977
•104
Alabama
13%
12
83
a-0
D.1......1996
Rpf 3s impt Mr3%s series E
--JL996
R 3c A Div 1st cons gold '4s
^.1989
•100% 104%
J-D
M -N
3 Vis
12%
77
*21
—
t
Ref & impt mtge 3%s
20
19%
1
'
102
\90
,90
——
18%
L947
Southern
5d74
11
*64
(partial redemption)_1942
Champion Paper 3c Fibre deb 3s
Chesapeake Ss Ohio Ry—
'
97
96
100%
38
90
5s stamp
100
96
96%
102
1967
Great
63
25
39
„(4V* % 1° Au« 1 1949).—....1974
a
98%
96%
90
industrial companies
M-S
.1948
Coll trust 48 of 1907
Alabama
100'/a
97%
13%
13
13%
' J-J
__1987
.
railroad and
81
76
26
61
J-3
IA Central RR & 'Banking Co—
*15%
'
104%
103 %
12%
1987
4s._'
103%
59%
j-j
L.1987
registered
2
A-O
'
78
78
12
•
19%' 19%
F-A
104
79%
104%
60%
J-D
J-J
_1966
>
*_.
108%
103% 193 %
A-O
A 4s registered
..1987
Central N Y Power 3s
1974
Central Pacific 1st ref gtd gold 4S.1949
1st 3s ref series A
99%
105%
104
A-O
1959
f- 4
-
108
*71
* M-N
1945
...1959
A Chatt Div pur money .gold 4s_i.1951
§AMobile Div 1st gold 5s-___"_..l946
A5s
171/4
16
Nov 1945
Light 3Vif—
108 % 108 Va
104
V'
104 %
1
79%
100
AGeneral
I.
101
■
3-J
A Warsaw. {City)
Adams Express coll tr gold 4s.
Y
J-D
9%
*95
F-A
extl readjustment
—1984
external 7s.....-1958
3 Vis
9>/4
97%
98%
•
3-D
1978
!.
conv
49
104% 105%'
1948
gold 4s
4 A Cent New Eng 1st gtd' 4s
4ACehtral: of N J gen gold 5s
*115
M-N
conversion,. .....^...1979
External
112%
M-S
1965
Corp 3V4s debs
Central Illinois
10 %
99%
($ bonds of 1937)—
.4-414-4Vis extl readjustment
118%
111%
105%
...
M-N
fund
3%-4%
74
65%
27
*120
sink
External readjustment
117 %
9
F-A
*115
AExternal
...
,
U9
12
'
I960
;
F-A
AExternal
3%s-4-4ya%
F-A
1951'
-i'
119
.118% 118%
118%
F-A
.■
9
113% 113%
112% 112%
A-0
F-A
7
A-0
60
9%
*18
1955
1946
AUruguay (Republic) extl 8s
*119% 120
perpetuaLi^.
ARef & gen 5Vis series B.
ARef & gen 5s' series C——
13
"22
assented
A4]/aS
Sydney (City) s f 5Vis
109%
119%
119
*114% 114%
1981
r
10 Vi
9'/4
1958
;
extl 7s
55
50
—
74
9%
9%
M-N
1962
(Prov of)
55
54
74
74
A-0
.
55
4
e60
i
(Kingdom)—
extl
113%
3-J
1965
A Cent Branch U P 1st
.
A8s secured external
sec
113% 113%
J-J
3-D
1956
^Central of Georgia Ry—
5 A 1st mtge 5s
f ACcnBOl gold '5s
87%
A7s series B
A Silesia
64
55%
2
64
*59%
M-S
3-J
Serbs Croats & Slovenes
t,
67
e60
N'"'
7
18
Carolina Clinch & Ohio 4s_.^
Cart 3s Adir 1st gtd gold 4s—
Celanese Corp 3s debs
64
66
*60
Stamped pursuant to Plan A
(Int reduced to 3.5%).
.
64
1
64
64
3-J
4
J-3
x\::-
119% 119%
Celotex
64
3-J
f 7s
s
108 Va 109
119%
1955
Can Pac Ry 4 % deb stk
67
to 2%)—_—2012
reduced
(Int
108%
1970
j f Guaranteed gold 4yas
68
68
67
Stamped pursuant to Plan A
.
104%
107%
47
J-3
'
Oct 1969
Guaranteed gold 5s.
V
(I Guaranteed gold 4%s
jsj Guaranteed gold 4Vis
64
64
3-J
1968
dollar loan
95
106
104%
104% 104%
A-O
1957'
j
36
36
48
-
*
2004
.
94
105
'.
*106%
M-N
1902
11 Guaranteed gold 5s
36
*37
*31
Stamped pursuant to Plan A . :
(Int reduced to 2.5%)..—..1999
extl water loan
—...1956
C Stamped pursuant to Plan A
i
(Int reduced to 2.25%).
.1976
..1974 '
Canadian National gold 4%s
—
*32
jf-N
.
A 7s
A6s extl
J-D
95
105%
105
-A-0
Canada Southern cons gtd 5s A
*39
M-N
v
j. j
;
35%
32%
•
40
*31
1950
:
94%
J- J
Bush Term Bldgs 58 gtd————i960
>
•
4
* 105%
•103
A-O
—iWSS.
»
34%
32%
34%
—-
*37
J.J
A 88 external
Terminal
Consolidated/5s...—...
^
No.
34
of deposit
—
1st 4s
i...------I952 *
California Elec Power 1st M3s
Calif Oregon Power 3 yas.
31
j-d
IASan Paulo (State) 8s——
1936
Stamped pursuant to Plan A
(Int reduced to 2.5%)«——1999
i
_
A-0
Sold
High
Low
Range Since
January 1
Low
High
Bondi
Friday's
or
Bid Jt Asked
1
s
43
2012
(Int reduced to 2%)
30
Bush
36
2
30%
m-n
-
1
-
36
30%
<30 %
j-d
IA San Paulo (City) 8s
1952
Stamped pursuant to Plan A
:
(Int reduced to 2.375%)—2001
A6Vas extl secured s f—
1957
:C
Stamped pursuant to Plan A
*
■
38
-.rutfi'&K
tBurlington Cedar Rap 3t Nor—
,4 A 1st & Coll 58
—.1934
'
38
*36%
J-D
Plan A
.
(Int reduced to 2 %) —
2012
A7s external loan of 1926.
—1966
Stamped pursuant to Plan A
(Int reduced to 2.25%)
.2004
d?s municipal Joan,..;...,
.■ ——1967
Stamped pursuant to Plan A
(Int reduced to 2.25%)
2004
■
High
Low
—
i
Week's Bang»
Interest r/i Last
Sale Frio*
Period
New York Stock Exchange
,
A Certificates
Stamped pursuant to
♦
Range Since
January 1
No.
32
lint
;•
A 63
1
Sold
45
pursuant to Plan A
Stamped
•
A-0
.
;
High
*40
32
.1946
A8» extl
Bond*
Friday's
or
Bid <fc Asked
Period
Friday
,
.
—
109%
lO;
.108% 109%
—
|
~6
106
100% 101%
102% 102%
32
100%
29
102 %
102
102%
104%
78
104
104%
106
106%
108
•102% 103%
104
THE COMMEjRCIAL A
Number 4563
[Volume 165
FINANCIAL CHRONICLE
555
NEW YORK BOND RECORD
range for week ending january 24
~
BUNDS
Friday
Interest
Exchange
Last
Period
New York Stock
Week's
ItlefriiM
or
Hang*
Friday's
Low
lAConsol Ry
ADebentufe
4s___
ADebenture
1954
J-J
____1955
J-J
deb 4n
non-conv
*
4S-—
i
.1956
39
Consumers Power 1st mtge 27/as__1975
Continental Baking 3s debs——1965
t A Cuba Northern Ry 1st Bfts
1942
A Deposit
39
.
:i 35%
373/4
J-J
*34
—
M-S
106
J-J
Lut
•r
SfttePriM
37y2
39
36'/a.
...
1061/4
Dlitiois Terminal Ry 4s
?'
A
.
J-J
1950
Indianapolis Union Ry Co—
:
Ref St imp 21/28 ser C
1*
733/4
105
106 'Av
1033/a
*6oy2
...
..
49
491/4
46
85i/2
85I/2
1
43
44
2
J.
44
44
1
—
*44
__
49
w*
'
J-J
J-D
.♦96ft
48'/a "491/4
85I/2
86I/2
43 /
443A"
Aist 'eskbriea
■.
AAdjustment 6s series A
'
HWtM-
/
W
60'/a
A-O
July 1952
A 1st 5s series B_l_
—
J-D
J-D
•
44
44
431/2
443/4
43i/2
i
100
High
100ft
99
99 ft
100'/a
V;-
1986
tlnternatibnal Great Northern RR—
,
January 1
Low
No.
♦100 ft 104%
100
28.
J-J
gold 5s series C
SAInternat Hydro El deb 6s.
^..195§
J-J
Sift
A-0
101ft
Iftt Rys Cetit AmUr
1st 5s *B
i.„1972
1952
,
A 1st
1944
98
M-N
28
4
52%
53 ft
11
1003/a 101ft
ioIa
60 ft
2ift
112
-
28
51
459
52ft
:
98
55 ft
85
23 ft
V 52ft
♦100
J-J
.97%
563/4.
-
..1956
International Tel & Tel 41/2S
'
..
Range Since
Bold
High
mn
Ind 111 St Iowa 1st gold 4s
./>
103
16
—
Friday's
Bid & Asked
Low
■
J-J
receipts
—
A1?Vis ser A deposit rets.———1946
A 6s ser B
deposit rets—'—
1946
106
*103y4
..
i-d
.1952
A Deposit
Week'i Rang*
Frtdky
IB*)**
fWM
Kieksin
High
1
.
Steek
"
receipts
ACuba RR 1st 5s gold
39
Low
I. 4.
■
Yerk
January 1
No.
.
New
Range Since
Bold
High
*34,'.V. 40
._
'
BONDS
Bonds
Bid & Asked
54%
543/4
52
102'ft
J01& 101%
lOl'ft
103
100ft
101u
993/4
101%
30
D
Dayton Pr St Lt 1st mtge 2%s
Dayton Union Ry 3V4s series B
.1975
1965
Deere & Co. 2%s debs
*,.1965
Delaware & Hudson 4s extended
1963
Delaware, Lack St West RR Co—
N Y Lack & Western div
A-0
104
J-d
104i/2
56
1031/a
1041/2,
1043/4 1043%
95
961/a
10
104
1043/4
♦1031/2
A-O
M-N
96 '/2
19
94 Va
96%
James Franki & Clear 1st 4s...;
.1959
Central Pow & St 2%s
Jones Si Laughlin Steel 3y4S
1976
MS
104 ft
104% 104ft
103
104ft
1961
J-J
1033/4
103 ft 103 7/a
103ft
104
105
105
Jersey
j-D
92 ft
93
91ft
93
•
-
1st
.
St
Morris
■
ref M
A Income
5s
mtge
C
ser
1973
due
1993
:
M-N
M-N
*56i/a
83
53
—
Delaware
Power & Light 3s..
IDenver St Rio Grande RR—
§Alst consol 4s.
..1973
531/2
K
A-0
J-J
SAConsol gold 4Vis
...
,..1936
IDenver & Rio Grande Western RR—
A General s f 5B.
..*.......1955
J-J
.
A Assented.,.
ARef St impt 5s series B
—....
.
Detroit Edison 4s series P__i_
1978
58%
35
108 ft 1093/4
58%
1936
9
551/4
61
F-A
71/2
F-A
'73/4
A-O
62 ft
64
61
64
7ft
108
58ft
5
59
19
73/4
7%
7
54
533/4
67
6%
8 ft
57%
108%
36
Gen St ref mtge 3Vis series G-. .1966
Gen & ref 3s series H—
,1970
M-S
108%
108 5/a 1083/4
4
108
108%
108%
Kanawha St Mich 1st gtd gold 4s__l990
Kansas City Fort Scott & Mem Ry—
A-O
SARefunding gtd 4s
..
1936
A Certificates of
deposit...
Kansas City Southern Ry 1st 3s__l950
A-0
j-d
109
j-d
*621/2
68
j-d
*50
107
107
m-n
Det Tol
MS
93>/2
M-N
29
62 3/4
1
931/2
35
j-j
104
65.
107
3
921/a
A-0
A-0
Kentucky Central gold 4Si._.
Kentucky & Ind Term 4V2S.
Stamped
_i_;
J-J
100 »/4
104 ft
103ft
104
122
122
..
122
122V
J-J
l.1961
J-J
108
1961
J-J
*112%
1961
Plain
J-J
k—
4yas
*103
1961
unguaranteed
Kings County El h St p 6s.—
Koppers Co 1st mtge 3s_.i.—
tAKreuger St Toll 5s ctfs
68ft
21997
A-0
1964
A-O
1959
ir-s
—
68'ft
08 ft
.1-
108
*180
23ft
5
19
2ft
1061/2 106%
36
1061/4 106 3/4
9
Lake Sh Ar.Mlch Sou gold 3%s
'
Elgin Joliet & East Ry
El Paso & S W 1st 5s
gold 5s
3'/4S
1956
.1995
A-O
--
J-J
76 ft
mtge 3'/8s
Div
ser G
2000
H
ser
1st
3%s registered—
1997
J-D
—I997
J-D
1975
Deo
1070
A-0
1954
...i_.
*_.
1053/4
«...
115
105%
110 ft
1
110%
112'ft
112ft
—
F-A
A 1st
mtge income reg
Lehigh Coal & Navigation
S F mtge 3%s eer A
Lehigh Valley Coal Co—
75
76 ft
48
75
5s
793/a
_i
*102
93
93
5s
103'ft
J-J
93'ft
93
J-J
MS
1971
M-S
*—
——
—
stamped
--
102
102
100
82
101 ft 102 ft
98 ft
102
*97
94
93
82
99'/^
17
93
100 %
-
0s
94
•
82
100ft 100ft
101
100%
1003/a
100 ft
101
100% 1003/4
*86'/a
F-A
88
100ft
*1003/4
964
1st & ref sink fund 5s._
93 ft
82
mmtmrntm
.964
staittped.i..
_
25
—..1954
1st & ffef sink fund 5s__
v'
A-0
^
1st & ref sink fund 5s
113
■
1953
mtge 3 Vis
*109
——
mmm.
1053/4 1053/4
„
120'ft 121
m*mm
*155
«...
MS
A-O
Gen mtge inc 4fts series A—2015
Llst cons mtge 3fts ser Ei
__1964
1st cons mtge 3 Vis ser F_;
1990
1st cons 2s
J-J
1970
1965
stamped
Erie Railroad Co-
Ohio
*1203/8 121 ft
1965
5s
1st cons
M-N
112 ft
180
180ft
104% 105 ft;
2%
2ft
185
105 ft 105 ft
108
112%
Lautaro Nitrate Co Ltd—
East Tenn Va St Ga Div 1st 5s
Ed El 111 (NY) 1st cons
68 ft
108
3
10iy8
313/4
78ft
104'/a
"3
103% 104
Kansas City Terminal Ry 2%B____1974
103 7ft
75'ft
2
47
.1975
1st mtge 4s ser A
80%
13
931/2
15
36
76
75 ft
21
%;
104 ft 104'ft
109 ft
22
1007/8 101'/a
101
j-j
107%
76
JUmmm
78
104 ft
1083/4
60
109 ft
77
A-O
-
Detroit & Mackinac 1st lien gold 4s ,1995
Agecond gold 4s
*»—, ,1995
Detroit Term & Tunnel 4Vis..—. ,1961
sfer B. .1976
,.1961
8ft
6ft
108
St Ironton RR 2%
66
53%
108%
Chemical 2.35s
64ft
32
A-0
tSADUl Sou Shore St Atl gold 5s. .1937
Duquesne Light 1st M 3s
-1965
58%
109%
206
56
.1965
Dow
85
& Essex division
Coll tr 4-6s.._.——..May 12042
-J
85
85
87
87
*86ft
stamped...
*83
87
•^<5.
mmmm.
*84
85
87
86'/a
F-A
£.1974
90
v!?X:v;
'•
■
.
80
iwiJ
87
___
*105 ft 1053/4
—
Lfeh Val Harbor Term gtd 5s
Lehigh Valley N Y 4'/2s ext
Lehigh Valley RR—
—
■
F-A
<
*70
J-J
71%
*77
—
82 ft
69
76 Va
37ft
35 V4
36 ft
41ft
44ft
39'A
46 ft
^
71%
75 ft
38
■mi,
50 ft
'
F
Firestone
tire & Rub
,
3s deb
1 Florida East Coast 1st 4Vis
A 1st St ref 5s
series A
—1961
1959
1974
A Certificates of
deposit..
Francisco Sugar coll Trust 6s.
M-N
105'ft
J-D
—
M-S
105% 105%
65 ft
64
*__
104%
32
*100'ft 101
—
J.—
65 ft
25
79
'
*
%
1053/4
63 ft
106
106
5s
72 ft
65
.
M-N
106
—
106
1
G
Gas St Elec of
Berg Co cons 5s—..1949
Realty & Utilities Corp—
debs..
jgcg
Goodricl) (B F) Co 1st mtge 2%sll965
Grays Point Term 1st gtd 5s
1947
General
A 4s conv inc
stamped modified
Great Northern Ry CoGeneral 5Vis series B
1952
General 5s series C.
1973
General
4
Vis
4Vis series D
series
*101%
Gen mtge 3 Vis ser N
Gen mtge 3 Vis ser O
Gen mtge 2%s ser P
Gen mtge 2%s ser Q
MS
77 ft
78
J-D
116%
J-J
79'ft
19
102%
116%
131
——
—
Gen mtge 2Vis ser R
17
J-J
103 %
104%
97%
J-J
J-J
..
103% 104 »/4
J-J
,
103% 1033/4
J-J
1982
97ft
103%
104
103%
104
115
115%
104% 1043/4
5
104 ft. 105
3s
debentures
.1963
...
1st
.1966
102
101
98 ft
M 33/aS
& ref
1st &
ref
series F
m 27/as
ser
Div
G
89
90
97
9 8 ft
62
62
103%
2015
J-J
1969
A-0
101
84
——
1
8%
85
65
M-N
63%
83/4
6
65
84
85
100
101
48
101 %
101
—
8
10
100 ft 100 %
2044
27
61ft
68
100% 101%
H
iwr-s
j-j
89
.
j-j
j-d
__
139 % 139%
M-JV
2
89
1
100ft lOl'ft
84 ft
M-JV
83 ft
*109 ft
60
85
48
—
__
„
J-D
mmmm
—
101
AManila RR
139'ft
M-N
88
82
85
1st mtge
ser
A Gen
ser A
1093/4 1093/4
Missouri-Kansas-Texas
53
59
Prior
130
18%
203/4
40-year 4s
lien
Prior
.
A-O
m-jv
mlmm
101'ft
99
mJlim
^.1966
F-A
80%
195Q
j-d
3s—..1951
j-j
1951
Gold 3Vis.—
1951
Springfield Div 1st gold 3 Via
1951
Western Lines 1st gold
4s—195]
Registered
,vv;
_
CI Ccr.t and Chic Pt L
& N
Joint 1st ref 5s series
A*—
1st & ref 4yas series
C__.
,
1st ref mtge 4s ser
D..*—^
page
557.
ft
99.;
m-jv
3s——1951
see
99
m-jv
St Louis Div St Term
gold 3s
footnotes
j-j
*68'ft
rnmimm
mmmm
.1B53
.Louisville Div St Term
gold 3y2s_1953
Omaha Div 1st gold
lien
ACum
5s
series
•
6
99%
11
99
2
32
•
102 ft 102%
795ft
100
__
lOl'ft lOl'ft
"97'ft
"
100
.
80%
:
46
74
*1071/2
98
99
7
1
101
92
8
91
*72
100
104
106
106
101 ya
-
•—
1
„
—
74 ft
101
923/4
mmm*
mmm
—
1
1053/4
106%
2
213/4
*21%
71%
101
1013/8
—
21
22
mmmm
mmmm
mmmm
*90
102%
109 ft
110
93
«...
109 ft 110
17
50 ft
*40
A-O
102%
*1023/4 107
—
49
49
99 y4
...A
JS
95
27
96 ft
'
92
95
X
95
94
—1962
J-J
—1902
J-J
1978
J-J
4'fts series D
fcdjust 5s-series A
49
55
88
95%
83
84
;
ft
78
88
96
27
80'/a
86 ft
55
823/4
86'/a
76
73
79
78
83%
Jan 1967
A-O
78 3A
75
79
.1965
F-A
81ft
56
79%
81ft
1975
MS
36%
333/4
37
458.
32%
ref 5s series F.ii..—*.1977
MS
81ft
79%
82
243
78
& ¥et 5s series G——....1978
M-N
81%
793/4
81%
144
M-N
281/4
231/2
28%
A-O
8i «/4
791/2
81'/a
F-A
813/4
791/2
82
69
77
— -
&
-
•"
96ft
105
85
50%
94
164
96
55
j-D
55
95%
JS
mm mm mm mm mm mm mm mm mm mm mm mm
Xm
mm
ACdnv gold 5fts
A 1st & ref gold 6s
194&
series H_w._l08O
A 1st & ref 5s series I—..***.—1981
853/4
38'/2
831/2
Vz
83
21
28%
89
771/2
83%
136
v
77 ft
83'A
78
78
103
103
969
991/2
967/8
IOII/2
96
102
99
100'/a 102%
78'/a >81V4
108
108
*991/8 102
J-J
A 1st
A 1st
__
99'ft
74
101
91
RR—
A
series B__
AGfenfer&l 4s
105 ft
Urn,
*101..
immm
^...—*.1955
Cairo Bridge gold 4s
Litchfield Div 1st gold
103V2
;
AT-S
M-N
M-S
A—..Jan 1971
^Missouri Pacific RR Co—i
•A 1st & fef 5s series A
A-O
98ft
103 ft
111%
*100%
J-J
1990
193
*101%
—
MS
Jan 1991
4 fts inc
mtge 4s inc
20%
«...
74
101
106
M-N
F-A
—.1940
Mo Kansas St Texas 1st 4s
59
j-j
111%
Minn St Paul & Sault Ste Marie—
89 ft
100ft lOl'ft
19
*104
97
103 ft
4
101
*103
mmmm.
A-O
Michigan Central—
Jack Lans & Sag 3fts
1951
1st gold 3 fts
1952
Ref & impt 4fts series C
1979
Michigan Cons Gas 1st mtge'3fts.l969
54%
11
mmmm
J-D
(Southern Lines) 4s__1959
1st mtge 3s
1966
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5fts
1950
t§AMet West Side El (Chic) 4s—1938
58
j-j
35
'"t.
__
101%
139%
M-N
Mead Corp
203/4
104% 105'ft
98ft
107
108%
M
J-D
A-0
1045/s
27
111% 111% V
..I960
F-A
j-j
97ft
107
107
—
108%
*103 ft
coll 4s ser B
1954
Manati Sugar 4s sink fund—Feb 11957
1st mtge &
J § A Midland of N J 1st ext 5s
*101 ft 102
—~
97ft
A-O
2003
..
108
98
5
30
81
3/8
♦107 ft
104%
96 ft
102'ft
8
A-O
MS
Moh'k & Malone 1st gtd bold
4s—1991
Monongahela Ry 3V4s series B
1966
Montreal Ttamways 5s ext.___:
1951
Morrell (John) & Co 3s debs
1958
Morris &-Essex isi gtd 3 ft s..——2000
iCoiistr
M
5s
series
A_
Constr M 4'fts series B
F-A
*1053/4
J*J
*102 ft 103 ft
M-N
*103%
__
_.
.
J-D
60 ft
59
60 ft
66
57 ft
603/4
,.—.-1955
M-N
70
69
70
29
69
71
1955
M-N
63 ft
61%
63 ft
25
613A
63 ft
16
100
Tel:2%&—1986
MS
101
101%
5s——1947
U-N
*—
105
981/2
99
Mountain States Tel &
F-A
*96% 101
97
97
Mutual Fuel Gas 1st gtd
j-j
*97
97
101ft
97
j-j
99
99
*98'/a
j-j
*101
F-A
V
1033/4
3
103
~8%
its
—2003
MS
101
—1952
114 ft
*118
M-N
1
Refunding, 5s.*,
114ft
1
1
1980
2
Purchased lines 3 Vis
Collateral trust gold 4s.....
CO
—
5
.1955
103'/b 103 ft
Collateral trust•< gold 4s—^*,.^1052
—
12
2d gold 3s
101
gold 4s..—1951
1st gold 3Vis
—.———1951
Extended 1st gold 3 fts
1951
1st gold 3s
sterling.—
1951
•
114'/4 114%
1155/a 115%
St Louis
A-O
1st
mmmm
103% 104
Atl Knox & Cine Div 4s
J-J
Illinois Bell
Telep 2%s series A—.1981
Illinois Central RR—
*128 ft
v
5/v
103% 104
106%
1975
.Feb 1957
7&V;.,v ■v/,;
F-A
.1951
1273%
,—1959
AAdJ income 5S.
11
50ft
MS
106%
Gulf Mobile & Ohio 4s series B
Hudson Coal 1st S f 5s series A—.1962
Hudson Co Gas 1st gold 5s
1949
Hudson St Manhattan 1st 5s A—..1957
41
49 3ft
41
MS
126ft
16
90
98 ft
*62
Feb
Hackensack Water 1st mtge 2%S—1976
Hocking Valley Ry 1st 4y8s
1999
tJAHousatonic Ry cons gold 5s
1937
Household Finance Corp 2%s..-..1970
-
MS
1949
131
173
97%
90
_
98 ft
Feb
1976
J26
128 /
1949
Maine Central RR 4fts ser A
Gen mtge inc 4s ser B w i
Gulf States Util 1st M 2%s —
5
44y*
1949
ref gold 4s__
stamped
Lorillard (P) Co deb 5s
117%
1311/4
Bay & West deb ctfs A
A Debentures
ctfs B
Greyhound Corp 3s debs...
For
—1962
1
106'ft 106 ft
1961
Gen mtge Inc 5s series A
1st St ref 33/is series d
A-O
6
127% 127%
A Green
'
M-N
A-0
4
131'ft
J-J
2010
...
36%
42%
■
A-0
Louisville Gas & Elec SVbs
LoUisville & Nashville RR—
—
-
116% 1163/4
J-J
1990
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s
1965
Liggett St Myers Tobacco 5s_
1951
series A.
41
36'ft
76
50 ft
M-N
■
103 ft
*100%
--
J-J
77ft
102 ft 103 '/a
M-N
9
..2000
;
38 ft
'
Guaranteed
—
78 ft
1976
...
Lt.
44'A
4s
—
1977
E
v
*38 ft
2003
...
Long Island unified 4s
J-D
•'
M-N
Little Miami gen 4s
.1956
41
Jf-N:^>
'ii' 1
-
100ft 101
65
i
4s-stamped modified.
.2003
4s registered to,*..
,2003
4fts stamped modified-.-..—..2003
4V2S registered
2003
*101% 105
__
N
*io0y* loift
99
ioo1/2
Nuehville
Chattanooga St St Louis—
1st mtge 3s
1963
j-d
94
92%
94
84
..1963
j-d
88
87
88
30
1963
j-D
*83
86
Sift
94
85Vi r 88ft!
821/2
83
/
ser B
F-A
1986
National Dairy Products 2®As debs.1970
National Steel 1st mtge 3s.
1965
t ANaugfctuck RR 1st gold 4s
1954
J
j.D
..A-O
M-N
.
—
*98 ft
98ft
99
98%
103%
103% 104
59
103%
104
106
105 ft 106 ft
21
105
106ft
*101
—
J
Monday, January 27, 1947
& FINANCIAL CHRONICLE
THE COMMERCIAL
NEW YORK BOND RECORD
RANGE FOR WEEK
Interest
Stock Exchange
Period
Friday ■ .Week's Range,
Last
or Friday's1'
Sale Prloe
Bid& Asked
Low
5s——*.1948
1945
Newark Consol Gas conk
t A Consol gtd 4s
New England Tel &
Tel 5s A—
4%s series B
gtd 1st 4s
Jersey P & L 1st mtge 3s
N O & N E 1st ref & imp
New Orleans Term
V•ifX vVV/"v\
•'?•
JNew Orleans Texas Ac Mexico
tANon-cum inc
ACertificates
Alec 5s
series
of
A 1st
5s
series
123%
108
108 Va
103 Va
103 Va
105
1960
Apr
1974
F-A
Pere
1980
Jf-S
1974
J-A
105
105 Vt
105 Va
'105
105% 105%
Ac
Ac
106 %
1st
of
coll
10 Va
10%
104%
,104
*
'
<•
101
100
100
101
102
102 Va
101%
102 Va
103
103 Va
102%
103 Va
*105% 106 Va
105 %
105%
106% 107
106%
105%
105%
—1951
1966
1st gen 5s
1st gen 5s
Potomac El Pwr 1st IK
1st mortgage
112 Va
*106
73%
73 T"
S&S-
1969
1977
3%»
Public Service El At Gas 3%s
—1968
*
*79Va
85
*36
.1st; Ac
ref
m
tge
3s
1972
ret
mtge
6s
———2037
mtge
8i
—
As
Ak ref
35
38
,
35%
39%
;
C-
.
>'.38%
;
,.47
73%
44V4
40;%
38 Va
47 v;.
70
73%
19%
r
18%
15%
40 :..44V4
39%
'
12
12%
...5% ..^5..._....5Ve
V 103%
v 103% 104 Va
}
'•
C
"
J-fe
M05
105
106% 106%
-10 y« ■■> 13%
.*5Va
102%
106
33 Va
i'"33% .34%
106 Va
35
35
11 Va
12 Vs
*__
-•
A 1st
coll trust 4s
Ac
cons
•Rochester»Gag
Elec Corp-^-i. :*
•
18%
15%
" 19 Va
108%
Gen mtge 3 %s series
•
40
41%
40%
135
*46%
>
13%
1949
48
13%
JIARutland RR 4Vis stamped—1941
135%
126 Va
Baguenay Power 3s
111
lQ?#tll3
113
*108% 110
73 Va
*70%
95%
L197I
ser A_
Bt. Lawr Ac Adir 1st gold 5s
2d
71%
71
68
95%
6t L Rocky Mt Ac P 5s stpd
100 Va
.1968
100% 101%
100%
APrior lien 4s ser A
ACertificates
APrior
102%
101%
102 Va
101 Va
lien
of
5s
A Cons
of
105%
deposit—
4V2S
1978
deposit stpd—
1997
ser A
2022
ISt Louis-Southwestern Ry—
1st
bond
4s
A 2d
4s
inc
certificates
bond
1989
ctfs
Nov 198»
§Alst term & unifying 5s
a Gen Ac ref gold 5s series A
83
*112
t§ASt P Ac K C Sh L gtd 4%S
18
.
16%
St Paul
19
106% 107% I
105 Va
1975
102% 102%
lOOVa
102%
105%
106
38
*106%
*129%
102%
101
1941
1971
1989
Union Depot 3%s B
Scioto V Ac N E 1st gtd 4s
107%
1974
71
1952
.1990
gold 4S-1968
St Paul Ac Duluth 1st cons
JOgdensburg Ac Lake Champlain Ry—
16%
—
104%
105%
.1950
mtge 4s ser A
2nd mtge
103 Va
—
B
4%s series A
M
ACertificates of
102 Va
i960
deposit
series
ACertificates
1st
103%
f 105% 107%
'-,»*87
94
IBt Louis San Francisco Ry—
98
100 Va 101 %
—1996
.1996
69%
96%
gold 6s
L
74%
74%
*100% 101%
102% 102%
..1975
A
—
110 tf,. 110
43 Va
132%
126%
135%
*120
ser
•109%
.*107%
108%
17%
*126% 135
1948
•'
mtge 4%s serlee D——1977
H—.1967
V/Gen:mtge 3 Vas aeries X.
a—
1967
;:Gen mtge 3%s series J
1969
tfAR I Ark Ac Louis 1st 4%s
1934
Gen
lARut-Canedian 4s stpd
96Va
108% 108%
18%
Reeding Co 1st & ref 3%e ser D—1999
Revere Copper St Bress 3%s_
—I960
ti ARlo Grande West 1st gold 4s—1939
104%
i'.'W'
104% ,105:
,
Quaker Oat* 2%e deb.
"44%
102-Vai
;..4%
72
.v.:
38
35 Va
37
102
...
*
♦240 "
38 ;
42 Va
.'
17%
2037
40%
:38% .40..
;'37 / .38%
.43% 47:1
70
73%
t
18%
/
--
37
40%
,
*109%
*108%
*162
37%
37%
41
36%
Oregon-Washington RR 3s
103% 103%
t A Providence Securities 4s——1957
t A Providence Terminal 4«
1956
*105% 109 Va
.
series B—
series C—series D
APittston Co 5Va inc deb.
*106
40%
Oklahoma Gas Ac Electric 2%s
127 Va
126
103%
1959
1960
1948
1962
1974
1977
1964
1st 4Vis
lit
Ohio Edison 1st mtge 3s
1st mtge 2 %s
—;
124% 124%
126
107
105% 105%
B—1975
4s
—
—
—
1958
mtge 4Vis series B—
mtge 4Vis series C.
Pitts Young Ac Ash 1st 4s ser A
1st
.——1973
guaranteed
*119%
*118 Va
1950
1950
1st
1965
B_—
124 V4
1965
iQBa
;M.V
series E
3 Vis
—
119
Coal—
Consolidation
4Vis
1st mtge 4Vis series B
1980
_
—
....
*115
Pitts & W Va 1st 4Vis series A
...
r•.;
*
*103 Va
*109
J
106
1960
106
Seaboard Air Line RR Co—
1st mtge 4s
A Gen
ser
1996
A
2016
1935
mtge 4V2S ser A
tASeaboard All Fla 6s A ctfs
Seagram (Jos E) & Sons 2%s
Shell Union Oil 2Vas debs
100
100 Va
99%
70
72 Va
68 V2
74
94%
86%
*18%
96
debs 1968
t§ASilesian-Am Corp coll tr 7s
1971
1941
ref mtge 3%s series I
1966
*108% 109%
108%
108%
Skelly Oil 2%s debs
Socony-Vacuum Oil
2%s
-1965
1976
1st Ac ref mtge 3s series J__;
1970
*107% 109%
107
107
South Ac Nor Ala RR gtd
5s——1963
108
99%
*80
103
100%
19%
96 Va
99 Va
87 Va
103
98 Vs
85
102%
99Va
93
103
108
Paolflo Gas Ac Electric Co—
1st Ac
1st Ac ref M 3s series K—
1st
M
ref
Ac
1st Ac ref M
1st & ref
1st
&
1971
*108% 109%
series L
.1974
108% 108%
107%
3s series M
—1979
3s
mtge 3s
ref.
Tel
Pacific
2%s
Ac
ser N
2%s
;
s
f
.
_1986
'
.
•
1
-
104
104%
102%
104%
Southern
104%
106%
*104"
gold 4%s_™1955
t
103 Va
*106%
1st 4V2S
conv
Inc
debs—
62
series E trust Ctfs—1952
Glass Sand
3%s
*108
1960
debentures—
*104%
•
108%
———.1948
f
4s
sterl
stpd dollar
May 1 1948
sinking fund 4VaS—-.^1960
/Cons
General
4%s
General
5s
General
4Vas series D
Gen
mtge
Conv
Gen
103%
deb
vjtge
For
series
series
A—
1965
B——1968
1981
4%s series E
103% 103%
*103%
103%
104
.-
121% 122%
120%
122%
116
117
116
118 Va
Southwestern Bell Tel 2%s
123%
123%-125
123
125Va
116%
115% 117%
115 Va
118 Va
Spokane Internat 1st gold 4%s—2013
Stand Oil of Calif 2%s debs
1966
Standard Oil (N J) deb 2%s
1971
„
1984
*—
ser
P
footnotes
see
page
557,
1173/a
116%
118%
1562
3%s
103%
103% 103%
102%
103 Va
100%
100% 100%
lOOVa
101
debs—1985
A
Sunray Oil Corp 2%s debs
Swift St Co 2%s debs
—1966
1961
96%
'106
94%
96%
102
98
100
105%. 106
93
94%
88%
88 Va
88%
89%
93%
93%
93%
94%
124% 126
1st cons gold 5s
117
1985
3%s
-
95
98
94
124'/a
128
102
103 %
101% 103%
114
115
113 Va
118% 120
Devel Ac gen 4s series A
I;
■
96%
106
1950
1994
1956
Devel Ac gen 6s
1956
Devel Ac gen 6V2S
1956
Mem Div 1st gold 6s—..1996
St Louis Div 1st gold 48—
1951
101
96%
—
Southern Ry
104%
96%
95
2%s series F
1996
1st mtge 2%s eer G-—^...w1961
1965
Pennsylvania RR—
Consol gold 4s——
s
1977
1969
——————-1981
1st 4s
108%
102%
101% 102
1st mtge
Pennsylvania Power Ac Light Co—
1st mtge 3s
1975
3s
Co—
Southern Pacific RR Cor—
1st mtge 2VsS ser E-...^—.*.1986
64%
-
Pennsylvania
4%s
San Fran Term
,
I960
Pennsylvania Co-^Gtd 4s
4%s
Gold
—
107%
96 Va
*95%
(Oregon Lines) A
Gold
—
Pennsylvania-Central Airlines-—
3%s
Pacific
100%
104% 104%
2% debentures —
-1985
Southern Indiana Ry 1st mtge—..1994
104
Paterson Ac Passaic G Ac E cons 5s_1949
r
109%
99
—
108% 108%
—1979
109
107%
106% 106%
debs—1985
99% 100 %
*126%
Tel Ac Tel Co—
38 debentures
107%
103% 104
.1981
debentures
2%s
Southern Bell
108%
108% 109
108% 109%
..,—.1977
P—
ser
Tel
Paducah Ac 111 1st
•:
104% 104%
'8% '13
104
4s
3Vis debentures
!
;
104% 104Va
G
1st
\
..
T.r
•:
P 4s
Pitts Steel 1st mtge
N Y Lack A? We& 4s aeries A—1973
•
__
& St louis Ry--.>
Pittsburgh
1998
1998
1998
1948
-1949
N Y Ac Harlem gold 3%s
2000
Mtge 4s series A——2043
.Mtge 4s .aeries-B-w———2043
A 1st
105% 105%
—
104%
125
108
Pittsb Coke Ac Chem 1st mtge 3%S-1964
.
series
1964
—
1997
N Y Gas El Lt H Ac Pow gold 5s
Purchase money gold 4s
4 Va s
J -J
1998
N Y Edison 3%s series D
•
U-N
Pgh Cinc Chicago As St Louis RR-—
Gen mtge 5s series A—
—1970
Gen mtge 5s series B
1-1975
Gen mtge 3%s ser E——
1975
—2013
N. Y Connecting RR 2%s ser
N Y Dock 1st gold 4s
ref
M-N
W-k
-
125
108
—
gtd gold
1949
guaranteed gold
1953
guaranteed
1957
Series H cons guaranteed 4s
1960
Series I cons 4%s
1963
Series J cons guaranteed 4Vis—1964
—1998
gold 3V2S
4lst mtge 3s Ktti» w
1st lien Ac
103'A 103%
Series
..—2013
1997
New York Chicago Ac St Louis—
Ref mtge 3%s ser E
-
1
—
„
Series E 3J/as
deposit....—
.
»
37
67-
35
108
J-D
1937
t§APhilippine Ry 1st s f 4s
ACertificates of deposit
—1950
3V2S registered
Mich Cent coll gold 3VaS
v
3V28 registered
£
67%
35
67
Series
registered
Shore
High
101 Va
65 Va
35
103'/4
3-J
1971
2%s
ref
1st and ref 2%s
deposit
impt 4 V2s series A
impt 5s series C
3V2S
Lake
Low
101 Va
<"106^
__
J
1967
&
2%s
ref M
&
1977
-1961
1974
1st
Electric
Phila
.1956
of
N Y Cent Ac Hud River 3VaS
/
„
Phillips Petroleum 2%s debs
N Y Central RR 4s series A
Ref
B
General gold 4VaS series C
Philadelphia Co coll tr 4%s
ACertificates of deposit—
A 1st 5 Va s series A.——....1954
Ref
Range Since
January 1
No,
Phila Bait Ac Wash 1st gold 4s—
pgh Cine Chicago
C
ACertificates
Marquette Ry 3%s ser D
Sold
4
„
—
Bands
1
High
101% 101'/a
A-O
Apr 1990
AIncome 4s
General 5s series
■>103% 105
or Fridays
Bid & Asked
M-S
Peoria & Pekin Union Ry 5VaS
120
deposit
Alst 4V2S series D
t
123%
Last
1954
of
ACertificates
123% 123 Va
108% 108 Va
deposit
B
ACertificates
109%
Ry—
1935
series A
5s
81 Va
108%
V
••
-1947
Peoria Ac Eastern 4s ext
84
80
24
,
Sale Price
Low
Peoples Gas L & C ref 5s
108% 109
1952
1953
4%s
1st gtd 4s
■■.f.-;
Period
High
Low
No,
•
82
•—
Interest
Exchange
January 1
79
—1983
5s A
—
York. Stock
New
Range Since
Sold
High
.v
81
82
1986
1974
Junction RR
New Orleans Great Nor
Vi0 L
19*5
1952
1961
1st gtd
New
J-J
England RR gtd 5s
IfANew
N J
noe
Bonds
Week's Range
Friday
BONDS
/"
BONDS
Ncvr York
ENDING JANUARY 24
118%
120
1157/s
116%
*116%
;
—
105% 105%
103%
*48
104%
54
105% 105%
105% 105%
102%
47
105
99 Va
102%
98%
10155 10155
101J5
98%
*„
115%
104%
50
■<
105 %
99%
102
.Volume 165
Number 4563
THE COMMERCIAL
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE FOR WEEK
ENDING JANUARY 24
-
New
BONDS
York
Bio ok
'y4»J
'
Week's Range
Friday
-
Exchange
Interest
Last
Period
Sale Price
or
Low
Terminal RR Assn of
Bt Louis—
Ref & imp M 4s ser
C
Ref & imp 2%s
series D
Texas Corp 3s deb
Texas & New Orleans
RR—
1st & ref M 3%s
2019
ser
1st & ref M 3%s
ser C-
Gen & ref M
3%s
Texas Pacific-Missouri—
1985
&
& Elec
Tri-Continental Corp
No.
98%
New
York
J-J
Wabash RR Co—
Glen mtge 4s inc
128%
107
106%
Glen mtge
107%
1st mtge 3%s
107%
102
102%
98%
97%
102% 103%
102%
130%
103%
*102% 103
J-J
99% 100
100
A-O
98%
61
62%
59%
66
99%
98%
99%
J-D
98%
1st gold 5s—1949
M-B
*102
2%s debs—1961
m-b
*100% 101%
109
101%
101%
.?
IfAUnion Elev
Ry
(Chic)
111%
1975
A-O
104'A
1945
5s
Union Oil of Calif 3s
debs
2%s debentures—.
Union Pacific RR—
Jf-N
A-O
1967
*25
J-J
1970
111% 111%
104% 104%
J-D
1947
J-J
101332 101%
104% 105%
U S Rubber
2%S debs
101 3*2
F-A
debentures
———1976
mtge 2Via series C
—1991
United Biscuit 2%s
debs
1968
105%
101
3*2
101 Si
103%
105 %
JW-S
98
A-O
1976
98%
97
98%
102% 102%
100% 100%
M-B
100%
102%
102%
100
100%
100%
101%
2%s
series A
107
108%
107
108%
108% 109
108%
109'A
105%
105'/a 106
104%
106'A
102
102
3%s__
Vandalia RR
Cons
cons
g 4a series
A—1955
a
5s.
Virginian Ry 3s
*112
103
102
102%
101 Vz
102%
72%
:
.74 Va
70%
74%
68%
70
106
106%*
*98% 100
70
66%;
106
106%
*
100
100
%
104% 104%
•
1960
1949
104
104
105% 105%
105%
105%
117% 117%
80
> 81%
1958
117%
117%
*—
•:
,
82
''77
81%
20%
22%
*21
*101% 102
1971
*109 '
-
■
—-
-
(*100%
not
—
'
104% 104%
>100%
39
103%
104%
100%
"
—
100%
109
109
109
103
105
103
>105
106%
B——±mS.II--1995
maturity. tThepricO represented is the dollar quotation P«r 200Accrued interest payable at the
exehange rate of $4.84$4.H?% i'-i'A > v,^Companies reported as being in bankruptcy,
re&eiverehip, or reorgoniied under geetiim 77 of
the Bankruptcy Act, or<securities Assumed
by-such compualaa..
=
,■
•Friday's hid and asked prices; no aales
being tekhsaotod during current week.
' "
a Bonds
selling Hat.
pound unit of bonds.
'
109
J—1958
ser
102%-
a
U-N
.
cons
83
103
Deferred delivery sale rnot - included la the
year'a range.
e Odd-lot aale n«A
d Ex-lnteraat.
included in the year's range, n
Under-the-rule aale hot included in the
year** range, rC&sh aala
included in the year's range,
yEx-coupon.
*
V v
;
5 Negotiability impaired by
r-a
t 4s series
B—.
—1957
& Power CO—
1st & ref
mtge 2%s aer E
-1975
Va Iron Coal &
Coke 1st gold 58—1949
Va & Bouthwest
1st gtd 5s——
.2003
f
1st
;
85 Va
103
1970
.
Service
84%
75
.
A Certificates of
deposit
f ASu & Du div & term 1st 4s—1936
A Certificates of
deposit
Wisconsin Electric Power 2%s—-1976
Public
>;/ 103%
76 y8
Yonkers Elec Lt & Power
2%s——1976
Virginia Electric
102%
1
80%
1992
series C_.
103
107
2361
1st mortgage 3s—
Winston-Salem S B 1st 4s
JS A Wisconsin Central 1st 4sJ
:
Wisconsin
101
103
115
—1971
Wilson & Co
100% 101%
Af-N
-1959
Universal Pictures '3K»
debs
98%
61%
103-"
*113
'
104%
102%
98J/a
;
,
Registered
2361
Wheeling & Lake Erie RR 4s„„„1949
102%
97 V2
106%
*56
1951
West Shore 1st 4s guaranteed
M
y.
86
1960
104 %
ref
91
102%
_1951
2% debentures
High
,
*101
1960
Western Maryland 1st 4s
1952
Western Pacific 4%s inc ser A
2014
Western Union Telegraph CoFunding & real estate 4%s_—19CJ
&
Low
No.
_
85%
96%
West Penn Power 3Vis series I_.
Gen
Range Since
January 3 V
Sold
•
102V2
106
Washington Central Ry 1st 4s
1948
Washington Terminal 2%s ser A—1970
Westchester Ltg 5s stpd gtd
1950
Gen mtge
3%si——-—.---1967
112%
104%
91
84 %
1970
104%
104% 104%
'102% 104'A
Bonds
High
102
1st ref gtd gold 3%s__2000
111%
34%
Low
90'/a
1971
Baking
(subsordinated)
Warren RR
Vw
Friday's
or
Bid & Asked
debentures 3%a-1976
Co 5%s debs
Wheeling Steel 3%
1st & land
grant 4s
2%s
Ref
Week's Range'
Jan 1991
i.;: '.
i'k:
Westinghouse El & Mfg 2%sX
1971
Friday
-<Laat:.I-,:,.,
Sale Price
Jan 1981
B
ser
B
ser
25-year gold 5s
30-year 5s
Union Electric Co of
Mo 3%s
1st mtge & coll tr
2%s
Interest
conv
Ward
98%
130%
A
ser
inc 4%s
Walworth Co
102%
>
Kxckasg*
'
105%
97%
102%
Stock
Period
105
130% 130%
J-D
impt 33/4S__1960
BONDS"
Range Since
January 1
Low
High
128%
—
102
J-D
Pac Tenn RR of
New Orl 3%s„1974
Third Ave Ry 1st ref
4s
1960
AAdj Income 5s
Jan 1960
Tol & Ohio Cent
ref
Trenton Gas
102
A-O
—2000
Sold
105% 105%
A-O
—1990
5s
Bonds
High
*128%
■"
JJf-N
1970
E
ser
A-O
1965
B—
Texas & Pacific 1st gold
J-J
1985
—
'
Friday's
Bid & Asked
105%
106%
'
.
,
r;J1
WEEKLY
m
wil*
a
xootnoto in tha week in
which they
following «xt^nsive list
:
AND
YEARLY
RECORD
disregarded la the weera rang# unlaw
they' art the eaiy cransaettone of
No account is taken of
suels jalee In
eomputteg tkt xaaga for the year.
occur.
furnish
we
th«
week, and when aeiUng eattfde tki regnlar mklF
range art
a
complete -record of. transactions dd the New York Curb
Jan. 18, -and
.Exchange for tl^e week.beginning
ending the present Friday (JanV?24); It is
Satui^ayi >
compiled from the daily reports of the Curb
f ? whether stock or
Exchange
bond; in which any dealings have
and is intended to include every security,
occxirre^during,the current yeari|r.
'V \v*
?
/
itself
v.^
t
„
RANGE FOR WEEK ENDING JANUARY 24
^
STOCKS
New York Curb
;
}
Friday
Exchange
Week's
Last
Range
Sale Price
Par
ACP-BrlU Motors
warrants.—
Acme Aluminum
Alloys
Acme
Wire
Co common
.10
A D F Co
4%
3
:::s
13%
4
Jan
2%
Jan
800
5%
Jan
5%
Jan
9
Jan
5%
4%
50
75
85
Jan
6%
5
17%
4%
16
75%
100
18%
13
♦
13
73%
75%
110% 111
—
*
common
19
•
1
3%
1
Atlas
Atlas
Jan
4%
Jan
Automatic
Jan
11%
Jan
Jan
72
Jan
110%
186
1,500
4%
2%
3
74
75%
50%
50%
7%
—
7%
Jan
' Jan
18%
Jan
13
Jan
80
6,000
Jan
'19
Jan
Jan
192
Jan
3%
200
2%
50
Jan
4%
Jan
Jan
3
Jan
70
Jan
75%
150
50'/2
Jan
51%
Jan
1,300
6%
Jan
7%
Jan
47% Jan
1% Jan
54%
JaA
18
Jan
19
.
25
50%
7 V4
American Cyanamid Co
common
10
American & Foreign Power
warrantsAmerican Fork & Hoe
common
•
American Gas & Electric
—-10
4%% preferred
•
49 "A
49
1%
1%
18%
40
100
V4
40%
111
111
3%
»
—
3%
47%
—
51
_25
For footnotes
see
3%
Jan
525
47 Va
Jan
25
50
Jan
51
Jan
Jan
Jan
150
13%
Jan
14%
aJn
32%
Jan
35%
Jan
23%
1,000
29
15
4
1
7%
Baldwin
Wilcox
American
Barlow
Co
Mills
Beaunit
Beck
(A S)
Benson
&
Jan
36%
Jan
33
Jan
36 Va
Jan
21%
6,400
20
Jan
23%
1%
17,100
21%
20%
1%
59%
60%
800
5%
5%
1,200
Jan
Birdsboro
•
7%
1%
Ties
>
8
113
6
Jan
1%
Jan
Brazilian
Jan
62%
Jan
Breeze
5
Jan
5%
Jan
Brewster
12
Jan
Jan
27
Jan
:'j
32
32
200
32
Jan
33 %
Jan
%
>:
44
46%
1,200
42%
Jan
47
Jan £
42%
100
41 Va
Jan
42%
Jan
12%
12.%
200
11%
Jan
12%
Jan
10,900
5%
Jan
6%
Jan
:|
100
18%
Jan
19%
Jan
J
6%
Jan
7%
Jan
<
A
—
Bourjois Inc
7
7%
400
15
15%
300
*
Jan
7%
Jan
18 %
Jan
20
Jan
100
20%
Jan
23
Jan
•!
400
3% Jan
1
179
40
22%
22%
20
~2% ~2%
4,300
3%
177
Jan
Jan
22%
Jan
2%
Jan
Jan
2%
Jan
Jan
22%
Jan
Jan
10%
Jan
i
9%
3%
10%
375
9%
Jan
10%
Jan
|
3,900
3%
Jan
4
55 V4
55%
450
55 Va
Jan
56
11 Va
12
400
11 %
Jan
14%
22%
Jan
4
700
50
40
24
aJn
Brillo
Jan
19%
Jan
4%
Jan
British
Jan
17%
Jan
Jan
21%
21
Jan
22%
Jan
16%
17%
16% Jan
4
;i Jan
17%
Jan
25
1
4
25
..
'Class A'
9%
4%
25
9%
9%
4
%
25 %
Jan
10 Vs
Jan
Jan
33%
33
33 %
33
24%
25
24V2 Jan
25
£1
21%
21%
18 "• Jan
21%' Jan
£1
20V4
20%
20%
20 Vz
>.
—*
.
Tobacco—
dep rects ord hearer.
Am dep rets ord reg
Jan
Jan
Jan
*
■ -
,
„
Jan
f
*
Jan
17%
21
*
.
Jan
1
*
■
Jan
55
•
British-American Oil Co
4% Jan
7% Jan
common..,....
25
Jan,.,,i
Jan >
Jan
35
*
7%
;
131%
25
Bridgeport Gas Light Co
Bridgeport Oil Co
|
9%
48
Jan
.{
500
25
Pwr
<f
10%
127
&
Jan
22%
9%
48
—
179
/
22
126
Lgt
r
1,000
3%
•
Jan
Am
17 %
Jan
19
"2%
common
American
Jan
20%
—1
Aeronautical
Mfg Co
15
3%
100
8%
Jan
19
—•
9%
113%
"5% ~6
22%
t-
Traction
Corp
|
18%
3%
:
!-
Jan
8%' Jan
|
41%
Co——
Jan
Jan
Jan
24%
common—,
&
Co
Borne, Scrymser Co
Jan
xll2
11%
75
7%
preferred
Jan
40
600
18%
3
8
112% 113
12
25
12%
common
6%
4,100
S:i
11%
179
400
8
Jan
41%
common
100
7%
Jan
Jan
4'
45%
common—
(S)
(HC)
Jan
16%
-.-
20%
600
■
Jan
Jan
25
—
8
200
>*
A
11%
com
Inc
new
1st
58
200
>
-*-
25
~7%
8%
4%
.7
~6
6%
19%'
Jan
Jan
8
Jan
common-
6%
4%
Jan
6%
common-
8
18%
36%
Jan
7
—
Steel Fdy & Mach Co com_*
Blumenthal
1%
7%
6%
60
32
1
Ridge Corp common
1
$3 optional convertible preferred—*
Blum (Philip) & Co Inc—
1
5%
>
Jan
70O
Shoe Corp
Bickford's Inc
Bohack
34
1,300
35%
Jan
1,600
5
Blue
34
Jan
5Vs
1,000
Inc
Hedges
Blauner's
35%
35 Vz
6%
55%
13,500
8
preferred.
Berkey & Gay Furniture
Jan
Jan
*7%
3,200
150
6%
Convertible
15%
Jan
1%
4%
7
& Co common-
Beau-Brummel
Jan
Jan
Jan
Jan
7%
Corp
Seelig Mfg—
Bauman (L)
14%
4 Va
J
shares
Refractories
Basic
300
Jan
Jan "
Jan -;
6%
25
Co
convertible A
Jan
Jan
10
10 Va
Jan
10%3an
8
Steel
&
$1.20
31
Jan
34
35,
de los Andes—
Banco
Jan
3%
Jan
"112
7
-
Rubber
29
15
10%
;
■
1
preferred
100
35
7%
56
5%
Locomotive—
Baldwin
Jan
500
JanJan*>
Janv
Jan K-,#';i3%i
B
Babcock &
24%
500
1,200
;10 %
,10%
111%
111Vz Jan
,12
12
•
Products
Avery
6% preferred
Ayrshire Collieries Corp
Jan
16
6%
55%
~6
Voting Machine
(BF) & Sons common—
22%
6,300
7%
—50
Bell Tel of Canada
3%
49
400
_£1
pfd— .100
page 561.
51
6,100
14%
.—1
Appalachian Elec Pwr 4%%
3%
48
41
2
.—1
Jan
15%
,10c
—
Jan
11.1%
37
—1
common
43%
Jan
3%
preferred
new
;:i Jan
111
16
American Thread 5%
preferred
Z~.5
American Writing
Paper common- —5
Anchor Post Products-.
Angostura-Wupperman
40
100
35%
common——. —2
Apex-Elec Mfg Co
7,900
41
*
Anglo-Iranian Oil Co Ltd—
Am dep rets ord
reg—
40%
111%
14%
14%
3%
Co—,— —2
—
Jan
Jan
29
—1
common
1%
23
-25
American Potash 6s Chem class
A—
Class B
——
*
American Republics
Jo
American Seal-Kap
Angerman Co Inc
350
Co
Corp warrants
Plywood Corp
Barium
33%
35%
23%
-25
com
7,300
Jan
v*
14
American Laundry
Mach———. -20
American Light & Trac
common—- -25
Corp
1%
19
2,500
Line
1
Bellanca Aircraft common
American General
Corp common— 10c
$2
convertible preferred
1
$2.50 convertible
preferred
-1
American Hard Rubber Co
Superpower
50
Jan
18
10
8oo
1%
Jan
20
V
Jan
Jan
Jaai
4%
Jan
112%
181
?
111% 111%
7%
,,
4%-Jan
reg
—.—£1
of America
•
Automatic
Jan
10%' 10%. ,H;,vioo
preferred-*'
,,
5
5%
■
dep.rects
Coast
Jan
Jan
13
100
3%
3
100
—
Atlantic
87
15
182
185
1
American Maracaibo Co
American Metal Products
American Meter Co—
Jan
8,400
•
108
75
19
10%
4%
k
;
..
pfd—100
Jan
850
19
4%
—10
——
& Tel class A
3%
1,200
Jan
non-voting——*
—
Associated Laundries
Jan
1,900
3,900
4%
4!4
Atlanta Birm & Coast RR Co
Atlantic Coast Fisheries
106%
20
•
American Mfg Co common-—
American
11%
3%
—
1,400
Arkansas Power & Light $7
Associated Tel
100
4%
4%
J High v.-
Jan
4%
10%
13,300
86
6Va
4%
10%
Jan
108
3,ICO
13%.
Jan
Low
7%
common——*
Gas
class A
preferred
Range Since January 1
High
12 Va
14
85
,Y
-
6Va
Equipment Corp—£—.u———2£Q
12
107
6%
Shares
7%
Aro
Jan
7%
Common
Sales
_
—I
—
Natural
Low
f
Ashland Oil <& Refining Co—;—-—-1
Associated Electric Industries-
Jan
5%
•
preferred——————
Jan
12% Jan
4
'■
Range & for Week
Jan
11
-.1
common
—
series
3
2% Jan'3%
100
6%
__
„1
A
$6
Jan'
100
700
805
3%
—
100
B
Jan
6%; Jan,* V ,6% Jan
13%
3%
7%
-50
American Cities Power & Light—
Arkansas
12
—3
American Beverage common
American Book Co
Amer
24
-10
50C
Aluminium Ltd common
American Bantam Car Co
6%
f
Jan
11
Jan
Week'a?
of Prices
Par
Argus Inc
13%
--
Class
Jan
23
Friday
>U Last
Sale Price
Jan
4
-10
Allied Int'l
Investing $3 conv pfd—
Allied Products (Mich)
common
Altorfer Bros Co common
Class
9
100
-.2
Alabama Great Southern
Alabama Power 4.20%
pfd
Alaska Airlines Inc—
Alles & Fisher common
6% preferred
Aluminum Goods
Mfg
Aluminum Industries
3%
5%
12
—1
Air-Way Electric Appliance
Co
ii
~3
>'
Exchange
High
Jan
800
24
•
convertible preferred
Aluminum
4%
1
—1
—I
—
■300
9%
23
—
Low
5%
9
'
STOCKS
New York Curb
Range Since January 1
High
—5
Aeronautical Products Inc
Aero Supply
Mfg class B
Agnew Surpass Shoe Stores
Ainsworth Mfg
common—!
Air Associates Inc
(N J)
Air Investors common
Convertible preferred
Aireon Mfg Corp common
60c
5'A
9%
-fat*
"
' for Week
Shares
of Prices '
Low
IIIl
Sales
■
Jan
..Jan
Jan
>
Monday, January 27, 1947
IHfc COMMERCIAL & FINANCIAL CHRONICLE
558
NEW YORK CURB EXCHANGE
BANGS FOR WEEK ENDING JANUARY 24
Friday
STOCKS
lfew York Curb Exchange
Las*
-
-™—~<.i
-
Low
Brown Rubber Co
if
17%
2,800
15 %
7%
8%
5,900
7% Jan
47
Jan
•„
11% Jan
18% Jan
12%
Jan
19%
Jan
1%
Jan
6%
Jan
6%
2,000
1% Jan
5% Jan
400
12% Jan
13
13
™
Jan
Jan
1%
'
T%
12 Me
.280
8%
47
1,100
1,300
15,700
19
18%
'
New
Jan
13
Jan
12%
1,100
Cotp
Voting trust certificates,
Cables A
California
Electric
„
-.
Cement
i,
■
,
,
.
-
-
•
B
•
!
'
9%
Jan
10%
Jan
12%
Jan
1,200
27
Jan
31
Jan
15%
Jan
15%
Jan
Jan
4%
1,900
4
Jan
20
Jan
7%
3,900
6%
Jan
7%
18%
100
18 %
Jan
18%
Jan
16%
16%
Jan
14%
—
common
15
15% Jah
18%
13% Jan
15
3%
2,200
3% Jan
1~4%
5,300
3%
Credit Corp class A.———.1
„r«w,<a w*.'
1
100
1,600
13%
Co
•
Carolina P
20
Carter
(J W)
Casco
Products
Castle
3.50%
PoWer
Pow
Central
it
Co__.
inn
4%
pfd
Aircraft. Co
Charis
Corp
3%
1,500
4%
Jan
96%
225
94
Jan
97%
Jan
65
775
63%
Jan
67%
25
37
36%
37
Consolidated
{Childs
Cities
$6
Mining
....
1%
1
135
27
Jan
18%
19
10%
1,800
500
9
8%
100
40%
250
15%
16%
3,700
50
91
19%
Jan
500
10%
10% Jan
9
Jan
Jan
7% Jan
Jan
39
14% Jan
90
40% Jan
Jan
xl7
91
16% Jan
Jan
19%
102
21%
450
19
Jan
75
540
67
r Jan
21
440
18% Jan
20
2CO
19
4%
IOO
22%
X22%
2,800
300
Jan
23%
Jan
79
Jah
21% Jan
4%
Jan
22
21
24
Jan
Jan
72
14%
100
14% Jan
1%
1%
142%
1,300
27%
22,800
1,850
1,100
77% Jan
Jan
15% Jan
'
1%
1% Jan
Jan
Jan
148
23%
Jan
153%
Jan
27% Jan
159% Jan
15%
Jan
130
154
Jan
Jan
15%
156
Products
Jan
12 %
400
11%
Jan
13%
11
100
10%
Jan
11
Jan
18
16%
17%
550
15%
Jan
3%
3%
3%
Jan
3%
3%
3
3%
1,000
24,800
3%
1
3
Jan
3%
10%
400
43%
43%
125
68%
68%
25
•
Airlines
10
7.50
~6%
Arms
27
Jan
11
Jan
68%
Jan
Jan
9%
Jan
11%
Jan
Jan
12
1,100
3%
Jan
4Va
Jan
1,600
9
Jan
11%
29
Jan
25%
5%
Jan
6%
ext
to
25%
Jan
32%
Jan
33%
tV
A Jan
34%
34%
200
Jan
34%
Jan
1
2%
2%
1,800
2
Jan
2%
100
10
Jan
10%
Jan
preferred
1%
•
4% ft
100
116
4%
300
100
series B preferred
preferred series C
Consolidated Gas Utilities
Mining A Smelt Ltd.
Consolidated Royalty Oil
Steel
Textile
Corp
Co.
Continental Fdy & Machine
Cook Paint & Varnish Co
Co
Cornucopia Gold
Coro Inc
8%
17 %
"5%
$1
pfd
American dep
900
2%
Jan
33%
4%
4
8%
Jan
9%
Jan
1,400
15%
Jan
17%
Jan
400
Jan
35%
Jan
1,100
1,050
4% Jan
5%
Jan
10%
Jan
2,300
3,300
% Jan
10%
1
14
4%
900
13%
100
3%
3%
1,800
37
36
50
150
32
9%
Jan
12% Jan
3% Jan
13
,
1% Jan
14%
4%
—....
Tnr
— mm im
Crosley Motors Inc__.
H
Crowley Milner & Co___.
„,
Crown Cork Intfcfnatiofial a
„y
•
...
Crown
Drug Co common
...
25o
Crystal Oil Refining common——.*
$6 preferred
«
in
Cuban Atlantic Sugar
5
-
.
27
2%
-
•
.
...
Tobacco
Curtis
Jan
Jan
13%
Jan
3%
Jan
36
Jan
Lighting Iiic common
common.
5,200
3,300
26% Jan
2%
11%
2
800
10% Jan
2
Jan
8%
5
18
5%
9
900
8% Jan
5
5%
900
5
18
18
5%
5
150
2,300
Jan
16% Jan
5
Jan
-
2 % Jan
30
25%
24%
26
14%
107
14% 15%
13
12
107
100
•
Cuban
27%
26%
11
•
1
Crown< Gent Petrol-
preferred
•
Curtis Mfg CO
(MO)—™..
Jan
Jan
9
700
8%
Jan
17%
23,900
15%
Jan
17%
71%
400
70%
Jan
71%
Jari'
71%
500
70% Jan
71%
Jan
9
135
600
140
6%
Jan
17%
Jan'
3"% Jan
4%
Jan-
17
100
4
Jan
5% Jan
400
6%
17
Jan*
141
Jan
130
Jan
300
Jan
20
Jan
common—15
19%
18%
19%
1,200
18%
——10
19%
16%
19%
4,800
16%
Jan
19%
Jan'
45
46
45
Jan
46
Jan
111
Jan
111
50
1%
"9%
300
2%
2%
12,300
49%
10
50%
1,950
10%
700
2%
10c
50
$3 ^ convertible preferred————--!
10
Pipe Line common—.—
10
Falrchlld Camera A Inst Co..
Falrchild Engine A Airplane.
Falstaff Brewing.
.1
8%
.1
3%
Eureka
44%
6%
Equity Corp common—
™
__
^
Jan
8% Jah
9%
Jan.
Jan
2%
Jan
2
Jan
53%
Jan
48
Jan
1,0%
Jan
Jan
30
Jan
9%
30
York
Corp
23
Jan
Jan
21%
Jan
Jan
21%
3,900
13%
2,200
12%
Jan
14
-10
56%
59
80
51%
Jan
59
-10c
2%
2%
100
2%
Jan
2%
43%
42%
43%
50
Jan
43%
Jan
18%
common.
18%
19%
200
18% Jan
19%
Jan
Jan
6%
Jan
Jan
19%
Jan
20
Jan
—1
Amer
6
Jan
Jan
6
6%
600
19%
2,000
19%
19%
200
19% Jan
~9% "9%
200
"9%
Jan
10%
Jan
26 %
29%
1,450
26%
Jan
30%
Jan
13%
14
500
13%
Jan
14%
34
34%
200
33%
Jan
35%
Jan
11%
12'%
1,700
11
Jan
12%
Jan
25
voting.
25%
200
24%
Jan
26%
Jan
4,300
9%
Jan
11
Jan
1,900
"4%
18%
of France—
rets bearer
dep
1
Fort Pitt Brewing Co
29
Brewing
«
.——1.25
Franklin Simon & Co Inc—
1
4%% conv pfd
—50
(Peter)
Franklin Stores—
Fuller
40
.
19
.£1
rets ord reg.
Ford Motor
Fox
-
13%
Class A non-votings—
B
Jan
20%
Ford Motor of Canada—
Class
3%
13%
•50 to $1
Ford Motor Co Ltd—
dep
Jan
100
FiShman (M H) CO—
Am
Jan
12,400
21
div cum pfd.
$2
Jan
400
3%
23%
8
18
A
Fedders-Quigan Corp——i.
Fite Association (Phlla)—^,
First
8%
3%
23%
7% Jan
8%
3%
23%
.1
Fansteel Metallurgical—.
$3
12%
1
—
A) Co.—
stock
(Geo
conv
1
•
—
Jan
1
Garrett
Corp
Co common*
preferred......
5%
40
Jan
General
Alloys
3,200
10
y
23%
Jan
Jan
106% Jan
550
14
450
12
Jan
31%
Jaii
2%
Jan
12
6% Jan
13
Jan
5%
Wii n
,
Corp.
Globe-Union
(Adolf)
14
8%
Jan
4%
~8% ~8%
B
class
~3%
Jan
.25%
Jan
Jan
106
Jan
20
19%
Jan
89
Jan
Jan
23%
89
Jan
1,000
3%
Jan
3%
Jan
95
140
92 %
Jan
95%
Jan
114
100
113%
Jan
114%
Jan-
Jan
110%
Jan
6%
Jan
3%
93%
95
114
•
5%
17
17
17
Jan
19%
Jan
21
53%
53%
Jan
17%
Jaii1
29%
Jan-
Jan
100
17
100
>
Jan
Jah
29%
Jan
Jan!
2p%
29%
20%
19%
20%
1,400
18%
Jan
20%
17
17%
3,900
17
Jan
.18'/a
16
.5O
16%
500
11%
Jan
13%' Jan1.
12
12 J/*
1,500
15%
Jan
16%
5%
1,500
4%
Jan
12%
———5
4%
5%
Jan
Jan
•
Jan
...
31
31
103
103
500
,
32
3oV4 Jan
ft
Jan
,
"20
103
103
Jan
Jan,
1 '
Graham-Paige Motors $5
™™_™10
pfd™25
1
Mfg common—«
Gray
Rapids Varnish—
Mfg Co..—
Great
Atlantic A
conv
.
1%
60
59
15%
150
60%
14%
8
20
-
2,000
15%.
8%
——
Pacific Tea—
Non-voting common stock—
1% 1st preferred-.™-
800
•
102
137% 137%
39% ' 42%
100
Jan
45%
Jan
Jan
.15%
.Jan
62%
Jan
16%
Jan.
.58
11% Jan
8
.
.
8%
Jan
10% Jan
660
•
100
Jan
40
136
15
113
113
1%
Jan
v
Jan.
Jan
T13%: Jan'.
103%
Jan'
Jan
137%
Jan
39%
Jan
44%
13
Jan
15
Jan
113
Jan
113
Jan
,9
Jan
'
1,100
1,300
100
13%
common—25c
pfd
103%
102%
137%
™25
Great Northern Paper.
Grocery Stores Products
Gulf States Utilities $4.40
-
100
Jan
400
11%.
'
—
11
1
7,200
45%
'
1
45%
45%
14%
Gorham
Gypsum Lime A
4%
Jan
89
3%
45%
Jan
;
Jan
24
104
3,600
..
Jan
V4i
Jan
10
21%
89
Jan
9%
600
300
106
20%
~
2%
Grand
500
4%
25%
%
24
common™——i—1
Iho
31%
Jan
Jan
Jan
29%
106
class B.^™..—1
Jan
Jan
32%
1
.
Inc™......™
Godchaux Sugars
class
.
Jan
Jan
Jan
21%
Coal.
Glen Alden
5%
7
29%
4
Goodman Mfg Co.
Gorham Inc class
13
Jan
30
200
25%
$4.50 prior preferred
Goldfield Consolidated Mines™..
17
6%
8%
ft
Jan
Jan
Jan
Jan
500
17%
Gladding McBean
Gleaner Harvester
Gobel
•
III.
5%
Jan
3%
5%
30
—1*
A Co-.i—^«w—•
Gilchrist Co..
Jan
26%
Jan
5,100
Preferred
Jan
107
Jan
3
6
"5%
110%
Georgia Rower $6 preferred
$5 preferred.
Giant" Yellowknife Gold Mines—
Gilbert (A C)
10%
18
"5"%
3%
5%
13%
Supply Corp
1
5 c!o
conv pfd25
Gen Electric Co Ltd—
Amer dep rots ord reg
£1
General Finance Corp common
1
5%
preferred series A.—.10
Warrants
General Flreproofing common
•
General Outdoor Adv 8% pfd-—.—100
General Plywood Corp..,
1
General Public Service $6 preferred..*
General Shareholdings Corp com
1
$6 convertible preferred—*.*
•
Jan
3%
57/e
Co.
5
3%
—-—
Gen Builders
.
11
9%
10
5
•
100
1
common
Power
Gatineau
'
2.50
■
Jan
47%
3%
Glenmore Distilleries
5
jLL-zsi
Jan
3% Jan
receipt* (ord reg)__£l
Brewing Co
Jan
1,100
13%
*3%
1
Jan
32%
13
•
Jan
5%
13%
;
3
33 %
Jan
8%
5
—♦
eOmmnrr
2,900
30% Jan
9%
85
17%
8%
16
%
Creole Petroleum
5 ft
3
10%
5ft convertible preferred™.
Court&Ulda Ltd-*.; /:•" •
Croft
Jan
%
class A
Petroleum
Jan
Jan
10%
Corroon A Reynolds
Cosden
Jan
109
8%
5c
—
118%
Jan
78%
♦
common—
Jan
2,525
32%
f
Mines]
116
1,300
9%
32%
33
•
Range Co
Copper
Jan
2%
1
Cooper Brewing Co
60
83%
85
9%
85
5
10
•
lOo
common
117
Jan
77%
79%
l
Consolidated
Consol
Jan
Jan
109
•
83%
82
Consolidated
2
•
—
Consol G E L P Bait common
:
10
10
66
Jan
17
Gellman Mfg Co common.
Conn Gas & Coke Secur common
$3
140
5 % preferred
—
50
Empire District Electric 5% pfd—100
Emsco Derrick A Equipment—-6
Jan
1
Jan
44
Jan
%
2%
1956
57
50
71%
Jan
1,600
15,600
Compo
Vtc
175
Jan
300
32%
34%
Community Water Service
Shoe Machinery—
59
Inc
Elgin National Watch Co
Elliott Co common,.
Jan
25
Community Public Service
Jan
Jan
2%
15%
71%
Jan
44
Jan
9%
11,000
32
Commonwealth & Southern warrants
Jan
40% Jan
66%
6%
5%
29
30
._25
10%
26
10
1
Inc
Colorado Fuel & Iron warrants..
Colt's Patent Fire
3%
3%
Development ordinary
250
12
11%
•
•
Jan
8%
10%
•
100
common
8
Jan
16%
4
72
50
71%
A Share common
Jan
i
Co
Jan
11
5
lu
Jan
8%
formerly $5
$4.20
formerly $6.
Electric Power A Light 2d pfd
Option warrantsElectrographio Corp.
pfd
pfd
Jan
225
50
61
44%
*
16%
^
150
57
preferred.
$3.50
Jan
65%
2%
57
*
Easy Washing Machine B
Electric Bond
Jan
400
35% Jan
2% Jan
37
2%
2%
Jan
13
12
12
,
Associates—
Eastern Sugar
$5
3% Jan
Jan
Jan
19
12% Jan
74
140
3%
63
—.
Corp—
States
Jan
21
Jan 7
4
Jan
8% Jan
:7% Jah
20%
Jan
1
Cockshutt Plow Co
Malleable Iron
Electromaster
Jan
20
20
Jan
20
8%
37,300
Jan
116
17% Jan
7%
155% 156
•
Co__—
Mills
Jan
47%
156,
158
15%
15%
•
Co
Colonial
32%
Jan
24%
*
Colonial
Jan
43%
135
100
Clayton & Lambert Mfg
Cleveland Electric Illuminating
Cllnchfield Coal Corp
Colon
30
150
14%
—10
Claude Neon Inc common
Alum
400
72
in
a
-
City Auto Stamping
City A Suburban Homes
Club
,
22%
preferred BB
Mfg
30%
47%
4
'fi 60c preferred B
Clarostat
Jan
20
...
-
common
Clark Controller
40%
20
preferred
$6
Jan
~4
—
Co preferred
Service
Jan
38%
10
-
3%
Fuel Assoc common.
prior preferred—i
—
preferred **
87 preferred series A
$6 preferred series B—
Jan
3
2%
600
1
common
Jan
63%
1,600
..5
—
Jan
94
19
ypp-
common
Chicago Rivet is Mach
Chief
73
100
Cherry-Burrell pftwimntv.
Chesebrough Mfg
207/a
20
common
14%
65
70
8%
100,
100
94
101
100
America
14%
15%
.100
100
preferred
14%
Jan
Jan
6
Jan
.100
18%
_60e
Conr pfd. opt div ser ipso
of
16 %
5%
6%
91
—
1
;
Co
Jan
100
5%
4%%
Co—
West Utilities
*
—........
5%
14%
Jan
40%
15%
I
Conv pfd opt div ser
Chamberlin
~8%
•
10
7% preferred
Cessna
16
Jan
Jan
10%
_l
ICent States Elec 6%
;
101%
15
47
"18%
—1
....
Lt
&
South
Jan
15%
Jan
116
Central Ohio Steel Products
Central
Jan
Jan
12%
30
pfd_
common
preferred
Jan
45
44
13% Jan
40
39
47
Corp of America
Maine
Cant
79
700
"2% "2%
—10
A Co.
M)
(A
C&talln
Jan
75% Jan
200
—
39
Com
Co
100
Jan
89
Jan
Eastern
common
Biscuit
Carr-Consol
7,500
44
24%
Jan
15
15
--
.100
& L $5
Jan
Jan
89
101
Duval Texas Sulphur
Eastern
common
Co
79
44
East Gas A
Capital City Products
&
77
fS&fr-.
89
Co
Power
14%
12% Jan
Jan
24%
10
89
.10
Jan
4%
t
-
preferred
Carnation
mrnmdiSiSMBi ****** MflWI
Co.
Harris
Jari
3%
15%
14%
15%
.
Canadian Marconi
Carman
Jan
3
6%
7%
Jan
10
Canadian Industries Ltd—
1%
Jan
1,800
3,400
»
-
voting
non
'
Duke
3%
3%
Dunlop Rubber Co Ltd—
£ I.Am dep rets ord reg
Durham Hosiery class B common
•?
Duro Test Corp common
—1
20
Class A Voting.
iS V*^
2,600
common™™.*
preference
Canadian Industrial AlcoholClass
~9% ~9%
4%
4%
i
8
,■
Co Ltd
"9%
^0
...
6Va%
•
Jan
tftd
Pnwsr
Canada Bread CO Ltd
0ft
3%
Jan
Driver
Jan
......
Callite Tungsten Corp
Camden Fire Insurance
.
Jan
Wireless—
m American dep rets 5%
Calamba Sugar Estate
Canada
4
3%
60o
3% Jan
12%
18%
common
Co
Draper Corp
200
4
Jan
11%
Dominion Steel A Coal B
-™25
'
A Chem Co Ltd-—-—1*$/
Dominion Textile Co Ltd—*——-*:
3%
-
Jan
24%
30
3
Dominion Tar
Cable Electric Products common—UOo
Jan
Jan
11
ord reg.
Dominion Bridge Co Ltd
C
Jan
13%
Ltd—
CO
Am dep rets
Domestic
Jan
11% Jan
28%
3%
Products—~
Dobeckmun
153
153
30
-1
&
Divco
high
12%
Jan
12% JEtn
.10
Distillers
10%
11 ^
Gray Iron Foundry
u.
Stove Co common™.
Steel
20
..1
Raynolds Class B.
Diana Stores Corp
Devoe
1,900
24%
11%
Detroit Mich
Detroit
Range Since January 1
hoi0
11%
153
153
8
common
Detroit
5%
19
dep rets——
Burry Biscuit Corp
Butler (PH) common
Jan
1%
12
.2>50
..
12%
12
*
& Sullivan
Burma Corp Am
16%
——^—*
—- ———
—11
Buckeye Pipe Line.
Bunker Hill
17%
5
-
__
i
Shares
High
11%
12%
.100
debenture*.
8ft
Jan
18
Low
Par.
mJi"
Derby Oil Co common
Detroit Gasket A Mfg.
8%
Co Common—
Brack Silk Mills Ltd..
47a
4% Jan
for Week
of Prices
Sale Prioe
class A common.
Sales
Range
Last
New York Cttrb Exchange
Range Since January 1
Low
High
400
1
common
(EL)
Bruce
Shares
High
4%
—
•
*
1
Distillers—
Porman
Brown
IOb
m"m n
n
for Week
Dennison Mfg
British Ceisnese Ltd—
..4^,.;
Amer dep rets ord reg—
British Columbia Power class A
.Class• B
Range
of Prices
Sale Price
Par
:;
Sales
Week's
Friday
STOCKS
Week's
Jan
——•
Alabastlne
H
Davenport
Davidson
.2.50
Hosiery Mills..
Brotners
37
Dayton Rubber Mfg clasB A conv™_35
37
8%
For
footnotes
see
page
561.
37%
36%
7%
Inc.
•
425
7%
100
33
Jan
37
20
7% Jan
37
Jan
9
500
9% Jan
37% Jan
8
38
•
Jan
Hall
Jan
Co
HammermlU Paper
9% Jan
LampCo.,«,
Hamilton
Bridge
Ltd
7%'
...
.10
™
-
9%.
7%
32
!-
.
9%"
7%
32%'
800
200
150
7%
Jan
30%
Jan
.
9%. Jan
v
7%
33
Jan
..
Janl
Volume 165
Number 4563
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING JANUARY U
STOCKS
Friday
New York Cnrb Exchange
Week's
Last
Range
Sale Price
of Prices
Par
Hartford Electric Light.
Hartford Rayon voting trust ctfs.
Harvard Brewing Co—
Low
.1
Co
-250
™
& Co
Inc
Horn &
12%
900
12 Ya
Jan
Louisiana Land St Exploration
Louisiana Power * Light $0
pf<L
13
Jan
Lynch Corp
25
275
21%
Jan
25
Jan
16
15 y4
Jan
16
13%
133/8
105 %
113/4 Jan
100
8%
100
105
„
Jan
107
8Y2 Jan
9
76
*'*
1,700
10%
1,400
5Ya
2,900
i'-'
28
Jan
Jan
81
103/4
Jan
5Y8
Jan
6Y4
Jan
Jan
27 Ya
Jan
Jan
39
Jan
40
Jan
41%
114
Jan
Manatl
Jan
Jan
1,400
24 V*
25
1,800
23
38
39
120
37
40
41%
475
114
115%
100
!-
Sugar optional warrants
Mangel Stores
,1
Co
*
30
31
59 %
59 Ya
60%
2,300
28%
27
27%
13,300
5
5
8
♦
]
i
I
24
•
250
8
.Mapes Consolidated Mfg Co
.—*
-
Marconi Internat Marine
Communication Co Ltd
Marlon Power Shovel.
Mass Utilities Association v t 0—
—
—
42
60%
Jan
Jan
28%
Jan
Jan
8Y4
Jan
Jan
24 Ya
Jan
45
Jan
47
10 Y4
Jan
11 Ya
Jan
7%
Jan
93/8
Jan
Jan
48%
3 Ya
43%
Jan
49%
*
Imperial Chemical Industries—
i
Am dep rets regis
£1
Imperial Oil (Can) coupon
*
Registered
•
Imperial Tobacco of Canada—
5
Imperial Tobacco of Great Britain St
29%
61
59%
17%
50
28%
17%
27%
Jan
29%
400
57%
Jan
61
700
16%
Jan
18%
Natural
17
Jan
19 %
Jan
Jan
17
18%
400
__
11%
11%
1,500
—
11%
11%
—
12%
12 Ya
—
„
Jan
6%
Jan
12 %
20
11%
Jan
11%
12%
Jan
13
100
100
7ft preferred
Insurance Co of North America
—
107
10
96%
96
97%
107
A
Jan
105%
Jan
21^
.1
Gas
common
60
•
20V2
20%
20%
63%
60
63%
94
Jan
106
Jan
109..%
Jan
100
coupon shs__*
shares
*
Products
10
International Safety Razor B
International Utilities common
20%
1,400
Jan
58%
21
Jan
.—*
1
Iron Fireman
Mfg voting trust ctfs—*
Irving Air Chute.
1
Italian Superpower A
*
Glass Co common
Jefferson Lake Sulphur Co—
Jim Brown Stores common
1
1
21
20%
21
13%
13%
13%
3,000
—
13%
13%
100
13%
600
*
Co
•
Co
Corp
13%
3%
Jan
12%
25%
28%
1%
13%
Jan
14*%
Jan
5Ya
Jan
12%
Jan
Jan
25%
Jan
500
1%
19%
30
Jan
575
21
Jan
4%%
Jan
$1
4% ft
18%
6%
600
5%
Jan
6%
Jan
300
1%
Jan
1%
Jan
18%
1P%
63/4
••••
1,400
7
5Ya
17
600
5%
Jan
6%
1,600
20 Ya
Jan
7Y8
5%
Jan
15
400
143/4
Jan
18
300
24%
Jan
26
Kirby
Co..
—
63/4
&
L
5%
7Y»
8
27,700
63/8
Jan
8
7%
Jan
24
20%
17
163/4
17
300
16%
Jan
19% Jan
3,000
27,300
3%
Jan
4Ys
18%
Jan
22%
3%
lefcourt
Ext
University
Le
Tourneau
Line
Material
Lionel
(R G) Inc
Co..—
Corp,
—
9% Jan
50
50
•
pfd_,
3.300.
*
9%
9
9%
5"
2,100
4%
3%
3%
1,700
14 Ye
14%
1,300
"3%
187
—,.*
186% 187
!8&/a
•
0/
"
1,400
10
Jan
'V..,5
14 Ya
Jan
.Jan
3% Jan
189
18%
650
18%
Jan
18%
38 Ya
38%
25
37%
Jan
39
10c
*5%
5Ya
5%
2,500
5
Jan
__5o
2%
2Y4
2%
1,100
2Ya
8%
1,200
8%
•
8%
30
30
..100
137 %
137
•
22'/a
22
31
8%
150
30
Jan
.Jan
5% Jan
Jan
10
Jan
.
18%
•
Jan
15%
Jan
I86Y2 Jan;
,
Jan
Jah
.
28 Ya Jan
Jan
,
4Y2
40
1Q
105
si-SNvi'Jan
.
Jan
37
36 ^ Jan
8% Jan
105
Jan
28
Jan.-
.
100
>
2Y2
8%
Jan
31
Jan
Jan
Jan
Jan
137%
80
135%
Jan
22%
500
22 Y2
Jan
23
Jan
17
100
16 Y2
Jan
17 Y4
Jan
11 Ya
11%
200
11Y2
Jan
11%
Jan
12
12%
800
11 Ya
Jan
12 Ya
Jan
6
6%
1,300
5%
Jan
6%
Jan
33/4
2%
4
6,500
33/4
Jan
4Ya
Jan
Ya
17
12
common.
137%
Jan
43 Ya
43 y4
433/4
1,090
42
Jan
45
Jan
14%
....—
National Mfg & Stores common
14
14%
6,100
14
Jan
15Ya
Jan
1
Jan
National
2
Jan
1093/4
National
Jan
Mallinson
Pressure
__
81
50
—
109
National
Jan
85
Jan
National
61
Jan
69
Jan
National Tunnel &
National
Steel
Fabrics
Cooker
.1
com
Machinery
Jan
73 Ya
Car
153/4
Jan
43/4
73/4
8
1,500
73/8
Jan
8
Jan
Neptune Meter
1 i7e
4,100
IY4 Jan
It^t
Jan
Nesle Le Mur Co
12 Ya
12 Ya
Jan
13
Jan
17 Ya
18
200
17
Jan
18
Jan
37 Ya
383/4
550
36%
Jan
393/4. Jan
12%
300
113/4
12
300
113/4
Jan
12%
Jan
n3/4
—
12
1,800
10%
Jan
12 Y4
Jan
•
12.50
12
1
2
l3/4
2
4%
4
4%
Mines common
700
l3/4 Jan
2
Jan
5Y4 Jan
Jan
1ft
12 Ya
38
*
Ltd
Transit
Jan
8
1&
24
24
24 Ya
300
24
Jan
25
10
1
.
93/8
—
21
21
9
100
21
Jan
23,
Jan
9
Jan
10 Ya
Jan
Jan
18
Jan
16%
13 y4
200
13%
12%
15
200
1
53/4
6%
4,400
2,100
5
7%
7Ya
600
•
(Herman)
30c
Corp
B
common
16 Y4
13 Y4
15%
400
27
28
275
15%
15%
100
11
800
44
44
30
'
Jan
13 Ya
8%
.
125/»
Jan
15
5%
Jan
6%
7Ya
conv
Jersey
preferred
Zinc
Jan
16
Ya
Jan
9Ya
Jan
103/s
Jan
8Y4
Jan
9%
90
9%
350
92
800
118 Ya
117% 1193/4
8
7%
290
8
300
14 Ya
14 Ya
65
66%
800
New Process Co common
4%
•
Jan
34
Jan
NY4 Honduras
27
Jan
30
Jan
N
153/4
N
10 Ya
Jan
12
Jan
44
Jan
44 Ya
Jan
29
17%
Jan
243/a
25
14 3%
65 y4
Jan
67%
Jan
2%
500
Jan
43/4
Jan
2Ys
Jan
2%
Jan
82
82
25
82
.
Jan
8 3/4
Jan
1Y4 Jan
lYa
Logansport Distilling Co__
1
Lone Star Gas
Corp common*..*—,10
jl
—
73/4
17%
10 Ya
9
11
—
1,900
7,9 00 S1"
19 Ya
<
900
.
82
'
24
Jan
25
Jan
323/4
Jan
93A
2d
Class
Jan
35
43%
850
Jan
10
__
Jan
3 /
Jan
35
Jan
47 V2
Jan
shares
21
Jan
21 Ya
Jan
>
-.1
11.%
pfd.100
common
55
9%
1
—
100
preferred
..—...100
optional warrants———
1VA
300
9%
116
117%
56
Jan
11%
105 V*
Jan
105%
30
10%
117
10 Ya
30
105% 105%
55
100
51
9Y4
24,900
425
111
56
10%
Jan
Jan
Jan
Jan
Jan
Jan
115
530
;
114% 117%
1 Ya
lYa
Jan
-
124
Jan
Jan
117%
Jan
Jan
Jan
Jan
Founders
5ft
Jan
30
10
Shipbuilding Corp—
Niagara Hudson Power
5ft 1st preferred
Jan
38
8Ya
B
Niagara Share Corp class B
lYa
B
com
9Ya
9%
1
700
Jan
1%
9%
4,700
'
Jan
9% Jan
Niles-Bement-Pond
•
Jan
4
12Ya
12%
31
— —
Jan
8
Jan
~
10
N Y State Electric & Gas $5.10
N Y Water Service 6ft
pfd
Jan
Jan
5
Jan
Jan
120Ya Jan
3
Rosario...,
Merchandise—
Y
N Y
Jan
25
94
313/4
Jan
15Ysj Jan
16
29
9% Jan
>
14
1,100
2Ya
"2 Va
*
Jan
25
— —
Jan
'
4Ya
—1
153/4
400
29
12
28% Jan
116% .Jap
7% Jan
50
65
—..25
14%
Jan
88
'
Land.—_—1
Jan
800
— —
Jan
143/4
—
9OV2
20
15 Ya
2,600
700
10 Va
500
*—*
Y Auction Co common
N Y City Omnibus warrants—
17Ya
500
100
15%
•
—...100
New Mexico & Arizona
New Park Mining Co
Jan
283/4
—
10%
—
New England Tel & Tel.
....—100
New Haven Clock & Watch Co
*
Jan
17 Ya
93/4
.,
Jan
6% Jan
27%
—
.
Jan
143/4
.*
preferred
preferred
$2
Jan
1%
.9Y4
4
1,700
103/a
8
class A
34
15 Ya
1V4
10
Radio
Jan
1,000
9%
16 y4
1
1
Union
New England Power Associates
Groceterias class A.—
Jan
31
Jan
Nineteen Hundred Oorp B
10 Ya
11 Ya
300
10 Ya
Jan
29
Jan
29
Jan
Nlpisslng
1%
US
1,400
1%
Jan
24 y2
Jan
7%
16%
10%
25%
Jan*;
Jan
Jan
Mines
Jan
Noma
19%
Jan
North Amer Light St Power oommon—1
11 Yz
3,500
11% Jan
13
Jan
11% Jan
;
2/
Jan
Jah
9%
-
Jan
Electric.—
„
1
■.i-ny
$6 preferred,
18%
19
8%
169%
■
169% 172
For footnotes see
page 661
Jan
Jan
3Ys
Jan
12 y4
Jan
Class
Co—
17
Jan
Jan
11
4%
Lipton (Thos J) Inc 6% preferred—25
Brothers common.***......,,......*
Longines-Wittnauer Watch
Jan
*
1,500
133/4
Lit
Lobiaw
31
Jail
4Ye Jan
13
Jan
Jan
2,400
1
Locke Steel Chain—,
Jan
%
Jan
—
5
,
Jan
Jan
3
8
7 y4
_
80 y4
25
,
.—
Ya
12%
29
3
12
11
10 Ya
—*
Jan
Jan
Jan
v
17
26
1,600
common
.
8
7% Jan
50
2,000
26
.
Realty
8
1,300
Jan
5
Prior preferred
Leonard
Oil
Development
22%
8
1
Jan
43/4
.
Salle
33/4
20 Ya
50a
Jan
15%
Langerdorf United Bakeries class A_j•
Class B_——_——
*
Lanston Monotype Machine——5
La
3%
22%
10
—-
63/4
5
.
Jan
13 Y2
19%
New
Lakey Foundry & Machine
Lamson Corp of Delaware—
Lane Wells Co common
Jan
Jan
24
4%ft
„
:..11Y4
11 Ye
400
4%
1
Mines Ltd.
Jan
Jan
400
125
13%
—1
Laclede-Christy Clay Prod
2%
11%
300
Nelson
—
Jan
2
11 Ya
7
4 Ya
1
Co—
,
Jan
preferred
15 y4
*
Kobacker Stores
Lake Shore
Bellas Hess
1
Knott Corp common—
Jan
Jan
11 Ya
Corp new common
Inc common
1
1
Krueger -Brewing
;6
10Y4
Jan
<
Jan
Jan
Jan
Namm's
100
—
5%
50
—
Mountain States Tel St Tel
National
__
100
Petroleum
100
8,500
*
preferred
P
6Y4
50
•
common
National Rubber
Kirkland Lake G M Co Ltd
(D Emil) Co common
Klelnert (I B) Rubber Co
5%
"2%
Jan
6%
Jan
5%; Jan
49% .Jan,
30
5%
-
Abrasive...
conv
5Yb
13,000
50-
Jan
Jan
;
'
110%' Jan
Jan
Jan
6 3/4
113/4
Klein
6%
50
,7
Jan
,
Jan
26
19%
King Seeley Corp
Kingston Products
110
Jan
Jan
15
24
preferred D_
€
50
3%
18%
Jan
Jan
24 Ya
15
~
7
100
2%
Jan;
6
6J/a Jan
15% Jan
500
dividend shares
National Fuel Gas
pfd B
1,000
4,200
4,600
103/4
pfd-.
conv
Mountain City Copper common
Mountain Producers
Mountain States Power common.
Jan
1%
pfd
preferred
5%
3%
18%
Jan
1
Montgomery Ward A
Montreal Light Heat & Power..
Moody Investors partic pfd
Morris Flan Corp of America..
Jan
1%
21
6%
Kimberly-Clark Corp—
8 ft
Jan
9
Molybdenum Corp—
*.—.
1
Monogram Pictures common
-i—l
Monroe Loan
Society A—.^^**...-*1'
Montana DakoteUtUitiesu—
Jan
1%.
—
7%
Kings Co Lighting 7%
33 Ye
10%
Missouri Public Service common
Jan
14
12% Jan
3% Jan
11% Jan
500
1%
20'A
6%
21
13%
1,700
—
21
Jan
13% Jan
100
11%
12%
25%
20
900
3%
Kawneer Co
Kennedy's Inc
Key Co common
Kidde (Walter) & Co
29% Jan
"2Ya
National Breweries common
Corp
900
100
—
Nachman
Kansas Gas & Elec 7%
Jan
31%
Y2
10%
common...
Oil
Minnesota
K
Keiser-Frazer
11Y4
2Ya
10 Y2
Mining Corp of Canada
*
12%
1
preferred
43
Jan
10
Murray Ohio Mfg Co
Muskegon Piston Ring
Muskogee Co common
Jeannette
Jan
9%
7
•
Midwest Piping &
Supply com.
Mid-West
Refineries
Jan
63%
39 Ya
300
2.50
...
Miller Wohl Co
.
300
......1
Jan
75
10%
110
__
Jan
43%
5%
15,
Jan
18%
18
110
1
Jan
Jan
,
Jan
25o
preferred
9Y2
Jan
13%
:
—
5
Jan
17
,
2;: 2
12,200
3
10d
Co
non-cum
Mid-West
1%
5,100
4%; Jan
Jan
,
7
Oil
Midwest
Jan
98
•
International Minerals and Chemicals—
Warrants
$2
Jan
95
r
Midland Steel Products—
Jan
310
97
31
preferred.*—
Iron
Midvale
Jan
108
10%
Textile Corp
Midland
Jan
850
107%
95%
50
-
Preferred $3.50 series
i—
International Metal Industries A
Interstate Power $7 preferred
Investors Royalty
96%
100
.
International Cigar Machine
International Hydro-Electric-
21%
100
42%
_•
Middle States Petroleum class A v t o.l
Class B v t c
-I
Middle West Corp common
9
Jan
107% 107%
—
—•
Micromatic Hone Corp
Jan
3,200
£t
_
Indianapolis Pow St Lt 4% pfd
Indiana Service 6% preferred
Petroleum
6%
11%
18
5%
Preferred
Jan
18%
14 Va
16%
Messabi
Metal
Jan
17%
18%
5
fiYaft
Jan
61
17%
Jan
8%
i.£ 600
Warrants
Jan
3,500
1,000
1%
...
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co
29
8%
1%
Mfg Co.
—.....—.1
Chapman & Scott
*
Menasco
Jan
45
1,000
Memphis
Merritt
Jan
40 Yt
50
—
8%
Mead Johnson & Co
Jan
4%
•
•
$2.50 preferred
McWilliams Dredging
Jan
3%
45
—
1—5
Jan
1,000
*
•
£1
..1
.....•
Massey Harris common
McCord Corp common
Jan
20
mm*.
8%
45
31
73/4
....
—
8
—
Jan
25
500
—
— —
Jan
58%
•
—
—
1153/4
Jan
29
200
24
22 Ya
8%
Kokenge
3%
19%
..*
-
Lmm
9
Dividend arrear ctfs
Illinosi Zinc Co common——
A
3%
19 Y*
,
,
common
Manischewitz (The B)
—
•
Illinois Power Co common
5% conv preferred
&
17%
Jan
33 Ya
Participating
Class
13
16%
Jan
95/a
•
L.
preferred
Julian
12%
111% 111%
17%
.
Jan
68
-
6
•
:
Hydro-Electric Securities
Hygrade Food Products
International
13
111%
'
8%
common
Registered
Higf
Jan
150
1,200
10
common..
preferred
International
Low
Jan
13
13%
«...
.
Range Since January 1
78%
Jan
22 y4
25
115%
-
dep.
dep.
11%
73 Ya
Com stk puroh warrants..!—
Ireland
of
Jan
75%
Inc..
Humble Oil & Refining
Hummel-Ross Fibre Corp
Hurd Lock & Mfg Co..
1st
ctfs of
10
10%
(Harvey)
$2.25
ctfs
Shares
High
—
oommon
Co
preferred A
preferred B
12%
*
Hardart Baking Co
Hussmann-Ligonier
7ft
«ft
Jan
600
32%
preferred..
Huyler's
Jan
8%
11
...
'
Hubbell
3%
Jan
10 Ya
30
& Co common..,
Horn St Hardart
6ft
Jan
7%
lor Week /
of Prices
1%
Jan
:5
...
3%
-
17
.1
..
Jan
Jan
31 Va
.
4%
15
10
—
Jan'
Long Island Lighting Co—
Common ctfs of dep
■:/Salea<'^:;/':^
^%>Range
Low
Jan
15 Vt
-
common
....
500
1
.......
(Geo A)
8Y4
67 Ya
400
—100
...
(R) A Co class A
Hollinger Consolidated G M
Holly Stores Inc
Holophane Co common...
Hormel
4
300
105
—
Hoe
Horder's
1,100
Last
High
Jan
17
11
w.
common
Heyden Chemical
4%
3%
8
*
5Ya% preferred w
4ft preferred ww_
Henry Holt
64
Week's
Friday
Sale Price
15%
2
-
40
4
'
—
*
common-
Low
67%
3%
A*/*
1
Helena
Heller
Range Since January 1
High
66 Ya
STOCKS
New York Cnrb Exchange
for Week
>Shares
*
25
Hat Corp of America B non-vot com__l
•
Hazeltine Corp:
Hearn Dept Stores common*.—.
Hecla Mining Co
Rubinstein
Class A
Sales
9%
1,100
21,000'
700
18
Jan
7% Jan
166
Jan
20% Jan
9% Jan
174 * Jan
'
fe
K
«
if
'
,
I'
I
:; ;;"' ;
V
-v
'
'■
{
1
■■ ■■
•iti"'-
.
'
,
.......
.
■
'
mj
'
•....!:
THE COMMERCIAL & FINANCIAL CHRONICLE
560
Monday, January 27, 1947,
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING JANUARY U
;
Friday
HU.;:;:,.STOCKS
^Week's
Last
Fork Curb Exchange
New
Sale Price
North American
Class
North
B
*
common
5%
123/4
1
Airlines
40%
38%
300
36
Jan
393/4
Jan
Northern Indiana Pub Serv 5%
1,500
123/4
100
6%
7%
1,800
3V4 Jan
11%
Jan
13
6% Jan
St.
Jan
Lawrence
Northrop Aircraft Inc
Novadel-Agene Corp.,——
—1
*
108% 108%
25
108%
Jan
110
St.
553/4
57%
1,150
55%
Jan
58
Jan
403/4
38%
41
2,000
37
Jan
42
United
303/4
9%
9%
9%
8%
7%
8%
22,200
10,100
45/8
4I/2
4%
1,300
38
7%
7%
1,200
73/a
Jan
8%
Jan
200
31
30%
Jan
31%
Savoy Oil Co
Sayre & Fisher Brick Co
Oklahoma
Old
common.——..X.—.. .50c
Co
class
4%%
Natural
Poindexter
B
Gas
2%
Jan
32
loo
new
com_.
Distillery
...
Oliver United Filters B_
...1
32
Schiff
Co
Schulte
~7
III
Jan
1143/4
Jan
200
35
Jan
37%
Jan
8
Inc common
Steel
Co
Can Co
common
12
Jan
12%
Pacific
Lighting
$5
Jan
13
Jan
12
1,400
103/4
Jan
12%
Jan
15
400
14%
Jan
15%
Jan
11%
143/a
"V
125
_
....
1st
Page-Hersey
-100
1%
Jan
2%
Jan
4%
Jan
53/4
Jan
5%
53/4
6,000
37%
35
37%
4,100
*
12%
11%
12%
700
4%
4%
400
;
5%
"33/4
"4
*
21%
203/4
21%
T
Tubes
$1
cum
Cement
Penn Gas & Elec
,
Circle
*
-Pinchin
m
'v
Co
Jan
13%
com
3%
3%
4
600
3%
Jan
1%
1%
13/4-
600
1%
Jan
9%
9%
9%
200
8 3/4
Jan
9%
Jan
•
13 %
13%
13%
300
123/4
Jan
13%
Jan
4%
45/8
2,400
4%
Jan
22%
22%
500
22%
Jan
24
11%
147% 153
300
97/s
Jan
11% ^Jan
1,000
110% 110%
Shattuck Denn Mining
Shawinigan Water A Power
Ltd
|.%$ Powdrell & Alexander
1
-
i
_.50c
»
Am
Pressed
Inc
Metals
L
.1
■
50
....
2%
23,100
2%
Jan
33/a
10%
10%
11 %
10,600
10%
Jan
123/4
Canada
37
38
200
16
400
47
~6%
36%
Jan
47%
~5%
38
•
Jan
I
^
15%
Jan
7%
73%
7%
1,200
7%
Jan
7%
Jan
3
3
3%
3,400
3
Jan
3%
Jan
7%
Jan
Jan
Boss
Jan
South Coast
112%
Jan
-250-
1123/4 1123/4
5%
■
5%
100
-
4%
113
Jan
66%
650
7%
8%
1,300
7%
443/4
800
41 %
Jan
350
39% Jan
7
9%
9%
64
2,200
11%
11%
-1,300
19
19
100
Jan
69
9%
Jan
Jan
11%
20%
1,000
14%
3%
10
Jan
5,300
Jan
•5%
103/4
10%
5%
2,100
11
5%
300
57
54
56
'
Jan
63/e
Jan
10% Jan
1,680
Jan
300
5%
Jan
7-
1,700
31%
Jan
33%
Jan
10
34
34
70
34
Jan
35
Jan
41
42
40
41
Jan
42
31%
32%
11%
Jan
Jan
53
Jan
58
Jan
8%
Jan
9%
Jan
100
6%
Jan
7%
6%
5,200
5%
Jan
6%
163/4
2,200
153/a
Ja n
163/4
Jan
Jan
11
Jan
43%
Jan
47
1 %
Jan
43%
100
1%
1%
1%
13,600
10%
~9%
10%
800
13/4
1%
4,400
16%
16%
400
-
class
Common
l3/8
Jan
10
50©
——
•
Reliance Electric &
Engineering.——5
Rice Stlx Dry Goods
•
—
X
—
2
Jan
16%
Jan
173/4
1
Jan
8 3A
Jan
—
108%
Jan
108%
50
116
Jan
116
_2
..—8
——1
10
—__
common.
109%
Jan
110%
26%
200
25%
Jan
10%
300
-
—
10%
27
class B
Consolidated
d\ Ryerson A Haynes
.1
Petroleum—.
common—
92
92
95%
165
4%
17%.
Jan
14%
Jan
10%
Jan
11%
Jan
470
165
110
90%
Jan
96
400
7%
Jan
Jan
2%
Jan
233/i
20.%
24%
2,600
19%
Jan
34
.
33
34%
950
323/4
Jan
,'35
Jan
3%
200
3% Jan
4
Jan
33^
9
.
Jan
2% Jan
24%
Jan
20% Jan
19%
19%
100
19
Jan
10%
30%
10%
300
10
Jan
10%
273/4 Jan
29%
Jan
Jan
28%
2,200
3Va
3%
5,300
3
Jan
3%
3
3%
29
3%
200
3
Jan
3%
Jan
117
210
110
Jan
124
Jan
10
11
1,1C0
10
Jan
11
Jan
4
4%
300
37/s
Jan
4%
Jan
7%
"7%
1
7%
800
63/4
Jan
8%
Jan
60
•
76
757/s
Jan
*
x24
23%
243,4
850
22
Jan
29
27%
29
900
27%
Jan
7%
300
6%
Jan
33/4
Jan
(A)
A Co common
Jan
110
11
75%
7
76
7
,76
Jan
243/4 Jan
29
Jan
7%
Jan
(J B)
Co common
*
3%
4%
1,400
11%
11%
1,100
11
Jan
4%
12%
Jan
11%
15
15%
300
15
Jan
17%
Jan
Jan
13/4
Jan
4
1
—1
•
5
1
*
l3/4
Jan
Sunbeam
Corp.—
Co
Superior Portland Cement,
Superior Tcol A Die Co
165
15%
Inc
15%
Jan
25 %
Jan
30
Jan
200
29%
Jan
32%
Jan
100
31 %
Jan
34%
550
18%
Jan
20%
Jan
3%
Jan
3%
Jan
Jan
30
323/4
34%
19
19%
28%
30
•
1
•
1
10
Sun Ray Drug
Jan
1,550
25%
25%
193/4
3%
500
3%
Jan
Jan
Technicolor
1 /;
Inc
Texas Power & Light 7%
4%
17%
43/4
Texon -Oil
19,300
18
550
3%
Jan
17% Jan
18%
Jan
The# Shovel Co common——.——
1%
Jan
Tilo
29%
Jan
1%
200
29%
28%
29%
225
28%
Jan
35%
36%
400
35%
Jan
1% Jan
38%' Jan
11%
12%
10,400
Jan
55
Jan
Tobacco
Jan
133/a
Jan
Amer
22%
23 Va
500
22%
Jan
233/4
Jan
18%
300
16
Jan
19
Jan
30
30
30%
500
28%
Jan
323/a
Jan
.
Amer
V2
6%
5%
6%
32,000
1,400
2%
2%
4,500
105% 105%
26%
26%:
14%
i.'
X23%
26%
27
26%
14%: 14%
4%
6%
22
-20
4%
7.
23%
200
%
Jan
5%
Jan
2%
14
.
4%
Jan
Jan
27
•
«
'
26%
Jan
15
Jan
:5%
dep rets ord regis
dep rets def reg—
19%
„
203/4
>.
193/8
6%
r
f
Jan
Jan
22%
Jan
Jan
•36%
Jan
6%
200
%* Jan
13%
Jan
14
400
Jan
10
Jan
12% Jan
1,600
15%
63/4
Jan
17% Jan
7 v Jan
"
Jan
Inc
61
Jan
63% Jan
113/4
Jan
12%
Jan
13/4
Jan
2%
Jan
96%
Jan
105%
61
613/a
—
Jan
110%
Jan
70
61%
—
2%
2%
140"
xlll
xlll '
1%
l3/4
4 v
3
1% Jan
25
•
1%
Jan
Jan
4%
Jan
2% Jan
700
-
Jan
105% Jan
111% Jan
103
3%
2,100
4,900
-
30%-
30%
—
10
13/4
3%2%
Tung-Sol Lamp Works——/—
800 convertible preferred
—
1,700
2%
98 3/4 100
99
warrants——
3%
Jan
30%
5%
Jan
10%
-.30%
Jan
Jan
Jan
'
III
1,600
6%
53/8
•
11
10%
200
6% Jan
11
Jan
12%
Jan
Jan
/Jan
u
Jan
200
6%
Jan
7%
Jan
193/4
Jan
23%
Jan
TJdylite Corp———————
56%
6%
7%
1,100
1,600
4%
500
; 4 :*
Stocks...
1,800
.7
4%
9
3,600
5,800
:
15.
20%
—
Trunz
15%
•
13
Jan
119
Jan
-33
100
preferred __—1—
—1
Tonopah Mining of Nevada.:—
TransLuxCorp————————— -1
Jan
15%
Jan
Ulen
10
.6%
Allied
7%
106% Jan
25% Jan
25
A
Tri-Continental
105% Jaii
700
1,300
9%
12%
5
:*
% Jan
6% Jan
1% Jan
1,000
/.
163/4 Jan
9
Todd Shipyards Corp
——
Toledo Edison 6% preferredi.—* .100
1
%
Jan
Tobacco Security Trust Co Ltd-r
I?3/!
-
14%
1
———.
11
17%
1?6
333/4
1,600
I
Realty A Construction
55
11%
Jan
163/4
12%
—1
Roofing Inc
Tivoli Brewing Co
8%
31%
153/4
117
-50c
Inc
Tisbraan
Jan
400
2
A Land
5%
1%
83/8
33%
8%
8%
:ioo
Jan
Textron
700
33
16%
pfd——
8%
33
1
common
Jan
11%
Jan
Realization
6%
Jan
6% Jan
6
Jan
7%
Jan
Union Investment
4%
Jan
Union Stock Yards of Omaha.
Jan
Vn
11%
12%
3%.
*
•/v
9%
vikW.
"1
..100 ft
0%-.-
9
•
3%
8%
"9%
—5
—
Co
2,400
12%
11% Jan
''"1 k
■
.-:V
.
..
300
1,900
--200
Jan
3%
8% Jan
9%
Jan
Jan
9%
Jan
6% Jan
-10c
Corp..^
Unexcelled Chemicals Corp.—.—
Union Gas of Canada
•3%.
1
3%
6%
Jan
9
56%
Jan
59
For footnotes see;page 561.
Jan
8
.
Jan
Jan
161
,1%
•>
i
Jan
2,700
1
Corp
(Hugo) Corp
Stop A Shop Inc
Stroock (S) A Co common
Jan
13%
-
*
.
Jan
Jan
17
Jan
Jan
...1.25
Aeronautical Co—
8%
7%
Jan
Jan
16%
7%
1
Stinnes
Jan
125
—
•
«
Root /Petroleum Co
Rotary Electric Steel Co
Royalite. Oil Co Ltd—u.
100
900
7%
7%
•
Co
Sterling Engine CO.—
Sterling Inc
Jan
116
26
100
r/-Rolls Royce Ltd—
Xr Am dep rets for ord reg——.£1
Rome Cable Corp common.——
5
Roosevelt Field Inc...—.
6%
7
2,200
7%
Jan
109% 110
I
/Ronson Art Metal Works
8%
17
Sterling Aluminum Products——
1
Sterling Brewers Inc—
!——^-1
.
——-
Jan
Stein
•
vtc
145
•
common—-
.Rochester Gas Si Elec 4% pfd F
Roeser A; Pendleton Inc.—.—
Jan
143
"2% "2%
2%
•
B.
Products
(The)
Stetson
Concrete Pile common.——*
,
Jan
Jan
Steel Co of Canada
R
.
a
10
1
Preferred
Standard
103/aJai
9% Jan
1% Jan
83/4
116
73%
16 S/8
7%
5
Oil
Standard Tube
1%
32%
31
Jan
Jan
Starrett
43%
10
Jan
Jan
Jan
11
43%
7%
16 3%
10
(Ky)_
Standard Power A Light
16
Jan
31%
700
145
145
Spencer Shoe Corp..
•
Stahl-Meyer Inc..
•
Standard Brewing CO—
...2.78
Standard Cap A Seal common
1
Convertible preferred
10
Standard Dredging Corp common
1
♦1.60 convertible preferred:
20
Standard Forgings Corp
1
Standard
5%
400
7%
30%
—
Southern Pipe Line
Southland Royalty Co.——1
33/4 Jan
1,150
-
6%
6%
32%
6
Jan
18
1%
5%
63/4
31%
5% %
Jan
18
63/4
6%
Jan
Jan
17
100
Gas Co—
13%
32%
5% original preferred;
Jan
Jan
8%
73A
5
Richmond Radiator
3,600
1
1
Southwest Pa Pipe Line.
Southern California Edison—
Jan
443/4
45
10%
~3%
*
warrants
15%
25
preferrd B.
;
—25
preferred series C__t—i
25
Southern New England Telephone..100
Southern Phosphate Co new com
1
Jan
Jan
19
—
10
•
13%
12.50
Manufacturing common
Corp common
South Penn Oil common
Jan
53/4
Jan
42%
9%
•
...
•
Jan
Jan
33/4
Reed Roller Bit Co
Ryan
Jan
Jan
15%
6%
100
—...
..
5%
100
Taggart Corp common.:
Tampa Electric Co common.—.
liusseks Fifth Ave
Jan
Jan
1
'
p/i&'SRlo Grande Valley
5%
Jan
1
10%
100
;
....
Corp
73/4
312
Jan
1
Jan
—•
Raytheon Manufacturing common
t f;. Ryan
Jan
290
Sonotone Corp
Jan
Jan
•
$3 convertible preferred
;
6%
180
28%
Jan
16%
....
;
900
308
Jan
3%
6%
I
—,
Packing Co
~6%
305
£1
Manufacturing Co
8%
9%
option warrantsRailway .A Light Securities
i Voting common
10
X Railway & Utility Investment A_—
1
7
"7%
16% Jan
Solar
53/4
6%
|.v/; Radio-Kelth-Orpheum
-v
Jan
51% Jan
*
common
.'(Texas Corp)
14%
Jan
380
M
..
225
Jan
I
Oil
Jan
Jan
200
63/a
•
....
preferred;
XRichfield
110%
»
13,600
8%
1
Quebec Power Co.
:
Jan
15
14%
•
1
100
Swan Finch Oil Corp
v
110%
16
9%
•
1st
Raymond
30
*
597/e
3%
6%
—
Pyrene Manufacturing.
Rath
Jan
47-
100
•
~6%
9%
common
,
j-
153
Jan
9
2.50
common.
preferred—
Puget Sound Power & Light—
$5 prior preferred.
M Puget Sound Pulp & Timber
Pyle-National Co common
■■-vi.y,;.--.
Jan
Jan
?
1
Jan
141
15
3%
25c
preferred
Oats
Jan
59 3^
60
59%
Public Service of Colorado-—
Quaker
Jan
4
Jan
1%
28
15%
59%
59%
10
,
of Nevada—
Providence Gas.
#6 %
153
4
V
*
Ltd
$3 convertible preferred
Simplicity Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas A Elec Co—
3.90% preferred
Smith (Howard) Paper Mills
Jan
1
America.
Producers Corp
.
Breweries
Silex Co common
Jan
.5
common
Prosperity Co class B
1st
103/4
100
Jan
Kl\
common.
of
;
Y 6%
:
7%
preferred
113%
143/4 Jan
25
common—
20
preferred—.7X^-400
;;
|
4%
shs
,,
Corp of Canada
Prentice-Hall
n%
Sick's
11%
j Premier Gold Mining
i
4%
1
Sherwin-Williams of
19
Pratt Si Lambert Co
IX
407/8 Jan
5
•
Jan
45
Polaris Mining Co—
OV lrt
common
Jan
45
common
Pneumatic Scale common..—.
Power
Jan
Jan
1
Sheller Mfg Co
Sherwin-Williams
...
-
^ Pittsburgh A Lake Erie,
.
Pittsburgh Metallurgical
j.
Jan
Jan
1
1
common..
Corp class B
36 3/4
—
t^:PIeasant;fVaUey^Wlne-COw.k^i.
,
85%
3Va
Sentry Safety Control—
104%
443/4
j#
ftXFittS Bess ALE RR
I
88% Jan
88
11 %
Jan
—1
Piper Aircraft Corp com——.1
I•'#.?, Pitney-Bowes Inc..—
,1
^2
^.
85%
50
200
Jan
66
■
.
Jan
Jan
88
13
35 3/i
—20
•
Johnson
<
82 %
88
104 %
66%
7%
;
Pioneer Gold Mines Ltd.,
v
200
85
13
200
2%
.2.50
—»
^Phillips Packing Co
P'-j Pierce Governor common
-
18
1
certificates
3%
17 ;
Serrick
Jan
2%
pfd— ..100
Co;
Pharis Tire & Rubber
'
Jan
25
9%
ii'KsPepperell Mfg Co.;
Philadelphia
Jan
prior, stock
3%
1
com
| Penn Traffic Co..
®Penn Water & Power Co
vi^pep Boys (The)..
.,
Jan
23/4
153/a
2%
153/a
460
125
warrants
class A
«
f
Jan
23
20 3/4
5,300
2,300
2%
Simmons-Boardman Publications—
—
—
Penn Power A Light 4%%
Perfect
Jan
4% Jan
Solar Aircraft Co
commnn
Pennroad Corp common
;
Jan
21
Jan
16-%
363/4
xl
4%
Jan
1
113% 113%
113%
Cow..—.1 ' ...5
preferred—_■
XPenn-Dixie
Jan
Jan
5
Allotment
"•
common—
Peninsular Telephone
f
39%
113/4
12%
Jan
3
200
Jan
Jan
stock
Semler (R B) Inc
Sentinel Radio Corp
»
Parkersburg Rig & Reel——III._I ...1
•
Patchogue Plymouth Mills
.
1,300
Jan
3%
19%
6%
37%
Jan
11%
10,600
Jan
Jan
Jan
5%
33
•
32%
Jan
30
1
—
preferred-
Arherican Airways warrants—
X Pantepec Oil of Venezuela Am shs
Paramount Motors Corp
...1
Pen
Jan
800
25
common
104% 104%
Pan
Parker
40%
11%
200
40%
363/4
_
Light 7% pfd
Service—
Public
$1.30
113/4
36%
40%
..25
pfd"
Pacific Power &
Pacific
:;fe
11%
L,
preferred
4%
1,600
33/4
$5.50
Jan
12%
13
•
,
Jan
2
1
Convertible
'
Pacific Gas A Elec
6% 1st
5%%
1st preferred.
8% Jan
5 S/8
1
Seton Leather
pacific
Jan
Jan
3%
•
common—
(D A)
Manufacturing.
Selected Industries Inc common
Jan
50
12
13
...1
6% Jait
400
7
12
13
.
Inc——:
32%
Jan
31%
50
6%
•
12
Omar
Jan
10
6%
,
2
Selby Shoe Co—
Jan
Jan
112
75
35
35
23/4
Jan
170
114% 1143/4
.15
2%
800
2%
2%
*
common.,
preferred
38
5%
2
Segal LockN & Hardware—
Power
333/4 Jan
83/4 Jan
9
1
5
1
Corp common
103/4 Jan
8% Jan
5,150
35
*
Securities Corp General
Seeman Bros Inc.,
1
Ogden Corp
16,800
103/4
10%
35%
1
Scullin
Ohio Brass
High
Jan
30%
•
common
Scovill
Ohio
Range Since January 1
Low
5
50
conv
Regis Paper
Salt Dome Oil Co
Jan
56
Corp Ltd
pref
Class A $2
7% Jan
Jan
pfd-100
Shares
High
Jan
Samson
Northern Natural Gas.——.——20
Northern States Power class A
—25
Low
Jan
5%
5%
123/4
50
Co
RR
Penn
Jan
Sales
for Week
Range
of Prices
Par
High
38
Week's
Last
Sale Price
Range Since January 1
200
,4*
7
Friday
New York Curb Exchange
Low
38
37%
38%
5
Shares
High
38
*
Utility Securities
American
North
Low
•
Rayon class A
Northern Central Texas Oil——
Northeast
of Prices
Par
•
STOCKS
for Week
Range
;
—
Sales
■
:
■Tfpnf
'■ Jvpm-W!
-
..
Jan
Jan
-
,Volume 165
Number 4563
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING JANUARY 24
STOCKS
New York Curb
Week's
Range
Friday
Exchange
Last
Sale Price
Par
United
United
Aircraft
Products
Chemicals common
for Week
of Prices
Low
50c
com
Sales
6%
Shares
6%
Low
7%
3,400
6'A Jan
13
~~7e
9,900
40%
41%
450
United Gas Corp common
10
15%
16
United Light & Railways
United Milk Products
7
25
26%
$3
participating
7%
•
97
101
fj Jan
40%
Jan
42%
17%
Jan
Jan
27%
Jan
40
97
Jan
100
Jan
101
Jan
108
A6%s
Jan
14% Jan
40
108
A6%s series C
jjj- Jan
Jan
A 7s
(Dec
series
A7s
A 7s
—-
series
25
——
Specialties
1
common
U S Foil Co class B—
U S
-1
Graphite common
5
U S and International Securities——*
'
$5
1st preferred with warrants
U 8 Radiator common.
U S Rubber Reclaiming
1
•
coup)
291
2
10'
23%
11
10
6874
68
46
12
13%
1374
22
11
21%
50o
3
1955
F
50
1,700
Jan
Jan
3
23%
157a
Jan
1574
Jan
23/4 Jan
37a
Jan
1,000
Jan
14%
1674
3,200
147a Jan.
1674
Jan
37a
16
37a
200
372 Jan
33%
Jan
82
275,
Jan
...
27a
-
3
800
87%
Jan
27a Jan
25
26
400
5
**4%
4%
43/8
2174
2174
22%
Jan
24
1,700
1,500
337a
$104%
47a
26
Jan
Jan
47a
217» Jan
Jan
2274
Jan
M-S
$11174 1143/4
J-J
— —
j.j
—
1956
F-A
110
V
Venezuelan
Petroleum
97a
105
....
2%
..
6
23%
97a Jan
70
2%
•
——
Vogt Manufacturing—
105
57a
——
Venezuela Syndicate Inc.—
1,100
1,600
2,700
—
—
106
113/4
Jan
120
Jan
6
Jan
53/4 Jan
272 Jan
12
—
Jan
374 Jan
1272 Jan
Jan
2
A-O
M-S
103%
1037a IO43/4
J-J
1037a
1037a 103%
57
57
57
7.
1948
11072
102%
y ' •/•i
1963
fe,;
-
Conv
deb
-v/, -v'
103%
993%
99 3/8 100
32
997b
997a
997a 100
4
M-N
997a
Ltg 4s
—2004
Utility Corp—
A5%s series A (90% redeemed).1948
100 %
100
J-J
..
Pacific
Power
1968
Power Corp
/■
>
1037a
1
104
1057/s
1067a
102%
1027a
__
$103%
J-J
__
$7674
J-D
..
108
^
—
$107
..
M-S
109
106%;;
1037a
' mi**'*4
"
10374
77
14'-'i
»
10774
77."
108
108,,;
•'?
$10574 106
—
105% 105%
Public Service Co of Colorado—
1st mtge 3%s
W
Waco Aircraft Co
•
Wagner Baking voting trust ctfs ext..1•
1% preferred
,100
Waitt & Bond income (new)
1
$2 cum pfd
30
Waltham Watch Co—
Ward Baking Oo warrants—
Warner Aircraft Corp—...
—I
.1
Wentworth Manufacturing—
.1.25
West Texas Utilities $6 preferred
•
37a
700
37a
Jan
4
—
12%
"37a
"37a "4
24
'
127a
700
1274 Jan
1,800
372 Jan
24
250
10
800
21
133/a
Jan
4% Jan
Jan
Jan
10 3%
Jan
674
IV2
3,650
67a Jan
77a
Jaw
2%
2
27a
1,800
2
Jan
27a
Jan
87a
8%
300
872
1113%
Jan
10
87a Jan
111% Jan
2,900
87a Jan
97s
Jan
mmmm
1117a 1117a
—
872 Jan
perpetual certificates——
162
—
162
—
Western Tablet ft
Stationery
Westmoreland
Coal
Westmoreland
com
Inc
—•
Williams
(R
—
Wilson Brothers
30
Jan
—
—
17
17
—
Jan
3172 Jan
317a Jan
—
100
337a Jan
1574 Jan
23% Jan
mmm
'1774
.
2%' '
Jan
'Jan
1574
Inc
300
13%/Jan
16
100
18% Jan
20%
$120
——
,
.—.1952
Bcullin Steel inc mtge 3s—.......1951
Southern California Edison 3s
1965
50
73/4
774
100
1374
133/4
100
7%
0%
preferred ww.
Winnipeg Elec common
Wisconsin P ft L 4%% pfd
17% Jan
7
10
2
Woodley Petroleum—.
Woolworth (F W) Ltd—
American deposit receipts
6% preference—
i
Wright.Hargreaves Ltd——
1
67a
67a
14
67a
100
13%
14
10%
10%
Jan
21
13
Jan
14
Jan
Jan
678
11,000
1,300
Jan
107%
Jan
6% Jan
100
~2'tt "3%
—
120%
120%'
99%*
106%107%
106%
107%
106% 106%
1067a
Southern
106%
107 %
California Gas 3%8—..1970
Southern Counties Gas (Calif)—
1st mtge 3s
—.1971
108
,
99%
$104
Southwestern Gas ft Elec 3%s——1970
99%
Spalding (A G) 5s_.
A Star re tt Corp inc 5s
Stinnes (Hugo) Corp—
——1989
102
—1959
A7-4s 3d stamped
Stinnes (Hugo) Industries—
S0%
108
103
903/a
..1946
91%
$36%
49
A7-4s 2nd stamped
.-1948
$36%
—
Toledo Edison 3%s
—...—1968
United Electric N J 4s
—1949
39
i36:
104% 104%
1047a
106
—
106 *:■"
106%
8% Jan
127a Jan
107
«...
..
Portland Cement
Wbodall Industries Inc
197a
Jan
20
—
100
Wolverine
■
125
99%
Jan
187a
104
$105% 107
San Joaquin Lt ft Pwr 6s B
4an
183/4
187a
mmrnm
common
15%
183/4
mmmm
ft Co—
Willson Products
107a
10
Oil Corp.
O)
97a
20
—
Weyenberg Shoe Mfg.————.1
Whitman (Wm) ft Co—
1
Wichita River
10
103%
166%
Queens Borough Gas ft Electric—
5%s series A—
1952
—
West Virginia Coal ft Coke
—5
Western Maryland Ry 1% 1st pfd—100
107% 107%
—
103% 104
A
24
97a
774
97a
6%
Jan
"
mmm
$107%
.Sinking fund deb 4s
—1949
Public Service of New Jersey—
3%
—
.—1964
Jan
Jan
14
103/4
103/8 Jan
Jan
Jan
United Light ft Power Co—
1st lien & cons 5%s
United Light & Railways
6s series A.
1959
A-O
$105
—
103%
..
(Maine)—
.—.—1952
A-O
—2022
Af-N
Utah Power & Light CoDebenture 6s series A
—
1043/a 104%
.
Ill
—
1$$%;
104 %
104%
Ill
Ul%
"65
111
h7l7a
1
5s
/fan
14
__
£l
■»
i
..
"37a
/.
1474 Jan
7 /* •
"
Jah
Waldorf-Astoria Hotel—
A5s
debs
income
—.1954
Wash Water Power 3%s
....—1964
West Penn Electric 5s
West
Traction
Penn
M-S
66
67%
$109% 110
J-D
>
——2030
106
J-D
117
117
1959
F-A
109%
106
——1969
5s
A-O
1017a 101%
105%
.115%
Western Newspaper Union—
6s
BONDS
Nev
Friday
York Curb Exchange
Interest
Last
Period
Sale Priee
or
Friday's
2024
J-J
4%s
1953
J-J
Assoc T ft T deb 5%s A
10274
1955
Af-N
1047a
Electric
Atlantic City Electric
3%s
J-D
—1964
110
~
Sold
High
102 '
110
J-J
1970
Bonds
Bid ft Askoi
102
Associated
1961
1107a
No.
10274 1023/4
104
64
1047a
9
14
•
102
102
1097a
11874
119
103
103
104%
10872
10672
Foreign Governments & M
110%
BONDS
New
series B
1957
„
5s series C
1960
Bethlehem Steel 6s
1998
Bickford's Inc 6%s
Boston Edison 27*s
J-D
1067a
Af-N
.
Q-F
1982
A5%s
J-D
1948
fACentral States Electric 5s
Q-J
1970
—
J-J
79
1954
M-S
lAChlcago Rys 5s ctfs (part pald).1927
797a
F-A
6074
M-S
2%s
583/4
79
•
8074
-
19
76
62
,
605/a
1027a
1033/4
1037a 1033/4
38
Af-Q
1057a
105% 10572
52
J-J
1981
A-O
$10874
—
1954
A-O
85
64
10274 1027a
10374 1037a
1057a 10572
10772
6
10574
119%
—
10572
104 7»
"l
10872
1047»
—
-
'10474
119%
Delaware Lack ft Western RR—
?
Lackawanna of N J Division—
1st
1993
Af-N
A
643/4
62
643/4
1993
May
34
30
34
1965
J-J
mtge 4s ser A
1st mtge 4s ser B
Eastern Gas
Elmlra
ft
Water
Finland
Fuel
Lt
ft
Residential
3%s
RR
5s
Mtge
1956
Green
Mountain
Power
A
1948
1950-
J-D
1958
•
.
1st
lien
ft
ref 5s
$62
J-J
Hygrade Food 6s ser A——Jan 1949
6s series B———i.———... Jan 1949
Indiana Service 5a
^ *
ipsn
79
—
J-D
.1963
3%s
Guantanamo ft Western 6s
Indianapolis P ft L 3%s
$—
—
rnmmm
'
J-J
34
104
130
80
Extended
J-JT
•
1963
F-A
M-N
mm
$104
Friday's
Bid & Asked
ALima City
J-J
$22
M-N
—
F-A
9274
r
High
—
767a
93
$89
91%
$1774
;
—
,
29
25
$10
15
'
1952
67aS stamped 1958
Maranhao stamped (Plan A)
Interest reduced to 27aS
76%
J-D
1953
(Peru)
$7672
J-J
M-S
2008
AMedellin 7s stamped
1951
Mortgage Bank of Bogota—
A7s (issue of May 1927)——1947
A7s (issue of Oct. 1927)—
1947
AMortgage Bank of Chile 6s
1931
Mortgage Bank of Denmark 5s
1972
Parana stamped (Plan A)
;#v
"
Interest reduced to 27aS__
2008
;
—
M-N
$31
J-D
$307a
$52
Af-N
A-O
J-D
J-D
53
$2172
957a
—
32
3074
307a
957a
9872
__
53
—
957a
M-S
10574
Rio de Janeiro stamped
reduced
to
(Flan A)
2%
ARussian Government 6728.
2012
1919
1921
J-J
J-D
J-J
3
■m—>
•No
'
10474
10474
106%
*
10672
(
par
value.
»Deferred
sale,
delivery
Ex-stock dividend. nUnder-the-rule sale,
d Ex-Interest,
r Cash sale.
e Odd-lot
^Ex-dividend.
sale,
f Ex-distribution.
y Ex-rights.
{Friday's bid and asked prices; no sales being transacted during corrwm tm
,'.. Iri
;
ABonds belng traded flat.
.
<
,
/
IReported In receivership.
^
1043/4
10772 1077a
5s
Danzig Port & Waterways—
AExternal 6v2s stamped
$107
$103%
$102%
or
A-O
-
A5%s
$104 7a 106
A-O
Last
Sale Price
Agricultural Mortgage Bank (Col)—
A20^year 7S
April 1946
A20-year 7s
„_.Janl947
Bogota (see Mortgage Bank of)
ACauca Valley 7s—
1948
Danish 57aS
—*1955
—
..
$1063/4.
$64
69
A-O
1970
Week's Banc*
Interest
6474
27%
4
y r-
Friday
Exchange
Low
Interest
M-S
ser
6074
5
Bank—
6s
A General Rayon Co 6s
Gr&hd Trunk West 4s
22
$10572 107
M-S
Curb
—
8572
104
62
•
1197a 1197a
..
5774
11072
10574
37
105% 10572$105
106
m.mm
,
mtge 4%s
77
73
A-O
J-D
165
110
105
J-D
1976
10672
114%
18
1047a 1043/4
1023/4 1027a'
1969
Q
ser
1st ref 2%s series R
Consolidated Gas (Bait City)—
Gen
"l
1053/4
79
5
1958
Consol Gas El Lt ft Pwr (Bait)—
1st ref mtge 3s ser P
mtge
V
106%
11474
165
'•
1950
—
—
Debenture 5s
ref
7
1969
Conv deb 5s
Debenture 5s
1st
105
78
Cities Service 5s.——
Jan 1966
1067a 1067a
11474 11474
$166
180
1107a 1107a
10574
York
Period
Bell Telephone of Canada—
1st M 5s
117
1017a
Range Since
January 1
102%
11
106% 1063/4
..
debentures
Low >High
1
13
1183/4 119
J-J
f
s
109%
loe ;
Week's Range
Low
Amer Writing Paper 8s
Appalachian Elec Power 3%s
Appalachian Power deb 6s
conv
v
—v
2s
Abbreviations used above—"cod^* certificates of /deposit; ♦'cons^ consolidated: "eum," eumula-
ttve; "conv," convertible; "M," mortgage;
"w
•'n-y,M non-voting stock; "v t c,w toting trust certificate*;
V' when issued; "w w," with warrants: "x w," without warrants.
.
'''
'■ft J *' ^m'mm ./V j;•
106%
'f.
95
108
mmrnm.'
10874
"*
J-J
—1959
107a
$108% 109 74 "
10674 10674
—
F-A
1970
4%s B
102 7»
2
'v
A-O
ft
(Can)
1017a
,12
$9%
A-O
—
1007a /
107%
'
Light 5s—
1955
Park Lexington 1st mtge 3s
1964
Pennsylvania Water ft Power 3%s.l964
3 %S
1017b
1077a
•
--
'1023/a 102%
,
100%
100
3
$10578
■..
J-J
..1971
—
32;
1017a 1017a
1037a 1033/4
A-O
Af-N
*
1007a
107% 107%
J-D
%
1037a
1
M-S
M-N
/>f ji
577a,
104%
J-D
N Y ft Westchester
mtge 3%s—-
■-) •
'557a
103
\
1950
5s
,
8
1947
New England Power 3 %s———.1961'
New England Power Assn 5s
1948
Debenture 5%s
—..1954
N Y State Elec ft Gas 3%s
1964
;
10374
3 "7:
1948
>
10%
110
1067a.; 107
i
.
New Amsterdam, Gas 5s
New Eng Gas ft El Assn 5s
Ohio Power 1st
1st mtge 3s
97a
2
/
1027a 1027a
North Continental
Valspar Corp common
$4 convertible preferred-
110
$105% 107
1967
'
.
.
Jan
3
■—
-»
—
•mmm
1970
Extended at 4% to
Gas Light 4%s
.
337a
J-J
1969
Milwaukee
.
94
J-D
2022
McCord Corp deb 4%s
Midland Valley RR—
35
1027a
8874
Jan
84
..
927s
1966
Kentucky Utilities 4s
1374
2072 Jan
50
15%
27a
71
11% Jan
Jan
40
34
102
1963
—
47
11
Jan
34
35
35
J-J
High
40
102
J-J
1952
Superpower 6s
33
J-J
1957
January 1
Low
42
3274
$34
35
Range Since
Sold
> No,
High
$34
— —
„
1952
5s
Jan
Jan
46
400
m—mm
1952
Power
677a Jan
10
1,750
34
F-A
1957
Kansas Electric Power 3%s
Kansas Gas Electric 6s
Kansas Power ft Light 3%s
23/4
82
10
common
Utah-Idaho Sugar
Utah Power ft Light common
Bonds
Friday's
$34
Jan
291
Jan
450
23
157a
«...
Jan
3,300
69%
46
.
^
290
J-D
1957
coupon).
5s
Universal Consolidated Oil———10
Universal Insurance———.i.—
10
Products Co
291
"""274
-•
—
United Stores common——
Universal
1941
(July 1941 coupon)—
Altalian
•mmm
-100
United Profit Sharing
25c
10% preferred
:
10
United Shoe Machinery common—_25
Preferred
1
1941
Debenture 6s
United NJ RR & Canal
United
1955
E
(Aug
A7s
United Molasses Co Ltd—
dep rets ord regis—
or
Bid ft Asked
Low
Interstate
Amer
Sale Price
Jan
24%
800
10,200
100
•
preferred
Lest
Period
International Power Sec—
*
warrants
Elastic Corp
Friday
Interest
High
*
United Corp
United
BONDS
New York Curb Exchange
Range Since January 1
High
THE
562
Monday, January 27, 1947
COMMfiRCI&£ * Fm^XAhQtimmCLK
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING JANUARY 24
'
;
•
.
*v
,
>.
*"k
•>
[,
*
*
Last
Range
for Week
Sale Price
of Prices
Shares
Low
rir
v t
Transit Co common
bait
.
-*
Corporation
Arundel
vtc
Preferred
class A
Co of America
6.75%
New
Bank
1
Amsterdam Casualty—-—
U S
Fidelity
& Guar
Jan
280
38
Jan
44%
Jan
157
104
154
Jan
160
37
45
37
Jan
38%
Jan
Carr-Consolidated Biscuit common- _—1
Jan
103%
Jan
Central S W Util common
28%
45
29
Jan
Jan
88
—1975
$2,500
88
87
Jan
102% Jan
$5,000
102% 102%
(subordinated)-
20-yr debentures
4%
102%
Range
Jan
18%
American
Tei
Anaconda
—
Copper
—-i—
Bird
.—
Boston Elevated Ry
Boston
'!
7 <tr
prior
class
5%
Jan
40%
Jan
44%
Jan
Four-wheel
173%
2,481
169%
Jan
173%
Jan
Fox
30%
469
27%
Jan
34%
37%
Jan
137%
Jan
17%
133
40%
Jan
Motors Corp
18%
Jan
50% Jan
65%
Jan
69%
Jan
Gossard
35
Jan
37%
Jan
45
Gillette Safety
Jan
135
Service
Cities
37%
531
Jan
Hein
6%
617
6
Jan
7
Jan
Hibb Spencer
6
10
6
Jan
6
8%
175
7
Jan
8%
Jan
Jan
Jan
Indep Pneum Tool
Indiana Steel Prod
270
15
8
28
28
14% Jan
28
Jan
8%
Jan
18
Jan
28
7%
Warrants
'6%
5%
preferred adjustment-
30.61
Jan
30.61
Jan
Jim Brown Stores Inc
23%
Jan
27 %
Jan
Katz Drug
21%
"III
143
4%
Jan
98
115
96%
Jan
119
55
115%
Jan
40
225
35%
Jan
21%
110
22
15
54
28%
100
291
32%
20% Jan
Jan
6
99%
124%
Jan
Jan
40
6%
(Del.)
54
Jan
54
28%
Jan
30
30%
Jan
32 3/4
-
Jan
Jan
Jan
357
54 %
Jan
59%
Jan
2,140
35%
Jan
373/4
Jan
preferred
29%
9%
9%
2%
45
43%
.100
-100
—-————
6%
7
17%
112
30%
839
30 %
31
431
9%
2%
100
46%
43%
442
14
7
1,030
31
35
1
Works
Mergenthaler Linotype —
1%
1%
500
*
Associates v t e
Mathieson Alkali
30%
31%
55
17
Jan
18
Jan
29%
Jan
32
Jan
10%
Jan
9
Jan
2%
Jan
2"%
Jan
Jan
51%
Jan
45
Jan
43
Jan
6
30
Jan
43% Jan
7
Jan
31%
Jan
Jan
1%
Jan
30% Jan
3 2 3/4
Jan
1%
59
60
115
51
Jan
60
National Service Cos
Rew
18%
20%
200
17%
Jan
20%
Jan
18
16%
18
527
143/4
Jan
18
Jan
42c
42c
100
40c
Jan
45c
Jan
Butte
North
118%
Twist
Jan
370
1%
2% Jan
4
Jan
3
28%
Jan
31%
Jan
25
25%
1,164
24%
Jan
26%
Jan
3%
100
3% Jan
33/4
Jan
1%
1%
350
l3/4
1%
Jan
50c
200
50c
Jan
30c
Jan
50c
Jan
14
14
14%
606
13%
Jan
14%
J?n
15%
14%
15%,
293
143/4
Jan
16
Jan
35%
37
536
35% Jan
37
45
44%
45%
46%
46%
48
——
—5
Drill
Co
r
-
-
Jan
95
44%
Jan
45%
Jan
3,256
44%
Jan
51%
Jan
11%
10%
11%
170
69%
67 '
69%
2,425
113/a Jan
10%
Jan
67
Jan
71
Jan
53% Jail
48%
Jan
49%
Ref & Min com.
(S D) Co
Weatingbouse Electric
52%
205
43%
—
44%
76
43%, Jan
493/8
Jan
17%
10
16%
17%
Jan
17%
62
•
Corp—.——12%
17%
64
25%
Waldorf System Inc——.
Warren
18,370
1%
5
pfd_—
U 8 Rubber
U S Smelting
Jan
1% Jan
3%
*
United-Rexall Drug Inc
i.—2.50
United Shoe Machinery common.—25
Fruit
121
117% Jan
29%
"1%
Webster Inc-
Torrington Co
United
Jan
29%
.25
Shawmut Assn.
Union
102
25%
.50
Pennsylvania RR
Quincy Mining Co_
Reece Folding Machine^
Stone &
Jan
320
117% 120
1%
98%
29%
Pacific Mills common—
Rutland RR 7%
55
99
2%
1%
.100
RR
Colony
99
99
—•
Tei & Tel.......,,..-.-100
Mining.—,.,,.,
,...1.50
preferred
Hew England
Old
Elec Assn—
England Gaa &
5%%
23%
25%
Friday
Last
Sale Price
70
553
,
Jan
61% Jan
64
Jan
23%
26
Jail
Jan
46%
6%
Jan
6%
Jan
Jan
13%
Jan
3%
33/4
800
3%
Jan
Bearing
common
Allied Laboratories common
5%
Allied Products
American
Corp commonService pfd
Public
American Tel ft Tel Co
Armour
&
Co
capital
common
Asbestos Mfg Co common
Athey Products capital
Automatic
Washer
common.
Shares
9%
5%
9%
—•
•
.5
-100
100
9%
9%
172%
14%
46
Jan.
99
Jan
850
16%
Jan
18%
193/4
50
19%
Jan
20
Jan
14
Jan
16
Jan
•-
Jan
10%
Jan
Jan,,
30
2,000
9%
350
27
650
29,
8%
8%
54%
56'%
7%
8%
1,100
1,000
30%
30^8
8%
100
100
99
7%
29%
Jan
Jan
14%
100
13%
Jan
14 %
Jan
54 %
100
54%
Jan
56%
Jan
18
200
18
Jan
19
Jan
9%
9%
9%
650
9%
Jan
9%
Jan
20%
20 Vt
20%
300
20%
Jan
21%
Jan
100
27%
Jan
69,%
160
66%
Jan
69%
16%
16,%
50
16%
Jan
17%
22%
250
22
Jan
23 %
Jan
'16%
17
450
16
Jan
17
Jan
8
40
7%
Jan
8%
24%
170
21 %
Jan
24%
Jan
14%
Jan
15
Jan
13%
Jan
8%
Jan
68
22
22
*
15
15
15
230
14
14
14
200
92
400
6%
6%
Northwest
Northwest
10%
Jan
Jan
7
Jan
26% Jan
Jan
47
9%
Jan
20%
Jan
22%
20%
21,
29%
32
350
26 V*
Jan
32
Jan
17%
17%
17%
50
17'%
Jan
18
Jan
30%
29%
2,050
29%
Jan
33
Jan
25%
25%
30%
26%
650
25%
Jan
30
Jan
21%
—1
22 V*
800
20
Jan
32% Jan
11%
10
11%
11%
4,950
9%
Jan
16
16
16
350
15%
Jan
16% Jan
18%
550
16%
Jan
18%
18%
..
17
7%
200
561/4
58
700
56
Jan
40
58
40/
62% Jan
3974
Jan
41
41
100
41
Jan
41
Jan
' i
26%
200
26%
Jan
28
Jan
l
..20
26%
1,250
24
Jan
25
Jan
40
148
Jan
165
Jan
24%
24%
cgjir
154
148
21%
20%
21%
Jan
7%
20
8%
21%
-2%
1
25
common
(The) com (new)
Peabody Coal Co class B com—
5
6% preferred
—
100
Penn Electric Switch class A—•-——10
Pennsylvania RR capital—**—
50
Potter Co (The) common—
——1
Jan
2,150
7%
16
Jan
Jan
172% Jftn
"
Common
Swift
11%
11%
15%
150
100
15%
|Si 31 S l||ls■
n-
8
Jan
Jan
Jan
33,%
30
Jan
33% Jap
600
13% Jan
15% Jan
32
14%
35%
310
31% Jan
19%
50
35% Jap
;
Illec Ss Mfg com.—12%
common——i.-*
Bankshares commpn—
Jan
30%
20%
37%
250
29% Jan
20
Jail
600
35-•
23%
23%
400
1%
13,300
1
Jan
Jan
2?
Jan
37% Jan
Jan
-j
& .jT
\r->.
j/.' )
26% Jan
23% Jan
28%
26
28%
250
24
51%
1%
5t
92
52,
92
190
92
200
450
Jan
89% Jan
11
11
11
Jan
71
72
800
24%
25%
237/a
13;.
13%
500
24
23
13
12%
13%
-2
•11
Mach cap—j-i.—S
Unlisted StoAa—
*'
Alleghany Corp —.—————
Radiator ft St Son
Rolling Mill
"
Anaconda Copper
~
com—-•
"
Mining
Santa Fe Ry com.
Bctfcleliem Steel Corp common^
—50
■
*
92
11%'
:
100
,
;'12%
35%
38%
15.
35%
38%
; ' •
^' i
Sf
400
35'/4
200
38%
300
37% Jan
-W' :i*ik
—
Jan
23% Jan
•
13%
Jan
13% Jap
11 %, Jan
i
-
3% Jan
14% Jari
33% Jan-
100
25%'
"
Jan
15%
■'
Jan
72% Jan
Jan
10%. Jan
300
Jan
11
23 ;• Jan
12% Jan
650
1,400
;
-100
■
,
Jan
69% Jan
25%
28% Jap
52
Jan
11
: ;
Atch Top ft
Jan
32%
100
1
Jan
41%
36%
1
Jan
4
Jan
40%
300
""
20
23 V4
20
3% Jan
200
4-
41%
Jan
1»
-
■.
Indust common
Y»1;e8-Amer
V'.".-if-':
16%
Jan
8
600
72
- it. »
„
Wieboldt Stores Inc
iii'Sfils
12% Jan
300
8
-Ji.
•
Jam
28% Jan
—~—*>»■«*,t" *"■***'—
_—L——
American
-9%
.
,
26% Jan
11%
Jan
30
25
(The) "common.^———3
La Salle Street Corp com-»
Carbide & Carbon capital
-•
Gypsum Co common—,
20
American
4% Jan
:
Jan
16% Jan
38% Jan.
8% Jan
700
4
Tool common—s
Sw.ift International Co Ltd—
Certificates of deposit—-——
Jan
11% Jan
..,
28?
40%
common—
capital stock——'.
Co
&
900
26
,
Jan
35 %
1,100
9%
Jan,
Jan *
15%
.
19%
capital----.—10
Sundstrand Maohine
Jan
Jan
37
8%
25
150
150
5% Jan )
92
Jan
Jan
271
8
„1
pfd_.
*
20
——————-I
(Ind)
Corp
Sunbeam
3%
Jan
35%
9%
92
10
26
16%
,
Jan
,
—
Standard Oil
14%
3%
25%
16
5%
"
Standard Dredging
Jan
11%
4%
Jan*
51%
92
15%
—
i-:
14% K
4%
26
35
St Louis
171% 172% V
Jan
Jan
mc common—..—.
—
Nat Stoekyards cap.——•
Spiegel
Jan
13%
25
100
14%
19% Jan
125
Jan
1,200
31
Jan
Jan,
22
25%
14%
9%
Jan
Jan
23
33
Wisconsin
16
110
Jan
Society Brand Clothes common-.
..5
South Bend Lathe Works cap (new)
Woodall
IS
Jan
22
,5%
11%
(new)—
100
50
92
28
Shellmar Prod Corp common——
Jan
170
25%
25%
37
-1
—,
7% Jan
2,000
Jan
Jan
9%
103
IOO '
26
Serrick Corp class B common
8%
38
Jan
Jan
22
100
-1
Schwitzer Cummhxgs capital.-**.--,.
Sears Roebuck & Co capital—
7%
7%
7%
37
100
37
37
*
Quaker Oats Co common-—...
Sangaiho Elec Co common.—
Signode Steel Strap Co com
Jan
40
100
—5
—10
.100
Sinclair Oil Corp
Jan
Jan
8
Jan
8
7%
Co—
Manufacturing
Parker Pen Co
Jan
11%
vtc.
preferred
%
Jan
124
Jan
10% Jan
Jan
1,000
32
Util—
7
-
v
Jan
9%
100
1
—5
Nunn Bush Shoe common
Jan
120
Jan
Jan
43
180
45
10
common
Bancorp
9%
Jan
Jan
14%
Jan
23
150
m*
43
45
—7
Standard common
National
6%
9%
Jan
92
Jan
92
30
7
92
92
650
9%
9
9%
23
Noblitt-Sparks Ind* Inc capitalNorth American Car common—
9% Jan
6% Jan
II:
Jan
56% Jan
8V4 Jap
31% dah
Jan
52
Jan
8%
Jan
18
18
common—
Montgomery Ward &
Westlhvhouso
46% Jan
3
-
Jan
14%
1
common
Chemical Co
Monroe
5% Jair-
18% Jan
Aviation Corp (Delaware)
I'S-M
High
LOW
11
1
__4
,3
20
18
54%
*
100
prior preferred
Modine Mfg common (new)
Rights
16
124
Jan
99
16%
27%
class A pfd
common
U 8 8teel common...
Range Since January 1
19
12
5
334 Jan
66%
$1
W. S.
fer Week
46'A
9%
Advanced Alum Castings
Sales
High
a
Acme Steel Co common.
Ball
of Prices
.10
Admiral Corp common..
Aetna
J Week's
I# Range
tow
Pif
in
Jan
11%
30%
preferred
Hart 'Inc
Miller A
Union
a*
25
10
8
208 South
•A
Jan
150
Trahe CO
-f
25
20
6%
common--
Rights wi
STOCKS
31%
55%
*
Marshall Field ft Co common—
Mickelberry's Food Prod
;
Middle West Corp
Oak
Nash-Kelvinator
Jan
Jan
20%
*
—1
5
1
Assn InC—
Rac'g
Vsrraaansett
33%
Jan
22
55%
—50
pfd
Jan
22%
Lindsay Lt & chem common.
Line Material common
37%
*
Jan
3,100
30%
II
Llbby McNeil ft Libby common
Lincoln Printing Co common
36%
.-15;
24
27%
Co common
Cumulative
Jan
54%
———
Maine Central RR common-
5%
6
96%
30%
Copper————
Copper
Jan
25
Ext Univ common-
La Salle
—,—
Royale
Mass Util
Jan
37%
1
Jan"
23%
.10
preferred
Jan
67
17
Co
Lamson Corp
.
97
Jail
55%
—
Hathaway Baking common
Isle
Jan
64
30%
Gillette Safety Razor Co——.
Kennecott
95
125
28%
.—
Electric
Gilchrist
225
64%
37%
conv
Employers
General
96%
54
preferred
Group Assoc
Engineers Public Service
'J*. First National Stores
$2
40
Jan
23%
50
24
29% Jan
preferred
72
64
116
119
Inc common—
S3 Lines
Eastern
.100
.100
Jan
100
27%
27%
—
25
5%
6
97%
.100
92%
8%
25
common
26%
Jan
95
.100
—
Jan
Jan
5%
...
pfd series A
preferred B
Jan
91
200
92%
8
Leath & Co
1st
75
123/4
173/4
1
1
3
(new)—i—
30.61
7%
Ry—
Common
Jan
6%
•
Bartlett common;
206
24%
64%
70%
12j/4
*
Parts—
Motor
Werner
7%
7%
30.61
.100
10
27
Illinois Brick Co capital
8
28
8%
8%
14%
.100
Jan
74
.
Jan
Jan
Eastern Gas & Fuel
Eastern Mass Street
8
29
Brewing Co G capital
Kellogg Switchboard
Associates—
4%% prior preferred
5% preferred
_
Jan
103/4
go (H W) common—
7%
——10
—
7
153/a
common
6
35%
38%
Inc
6%
—1
Trust
Century Shares
2,550
103/8
Razor common
Bros
Goldblatt
35%
7%
Jan
8
15%
Hammond Instrument Co common
35%
5
64
103/a
Goodyear Tire & Rubber com
35
—<
Jan
123%
10
10
.1
*
*
Jan
Interstate Power $6
.
Jan
63
16
common
Jan
Heileman
Calumet & Hecla.
8
100
193/4
common
Co
Refrigerator
Gibson
Jan
564
—
Jan
600
8%
63%
30%
*
Jan
9%
Jan
80
25
31%
29
General Finance Corp pfd—_—„
Jan
140
Brewing commqn
(Peter)
16%
68%
RR———--—100
Boston & Providence
Jan
774
7%
7%
9
46%
67%
7%
8%
210
—10
—
131%
68%
class D 1st pfd stamped-—100
Boston Personal Prop Trust-—•
Jan
-1%
Drive Auto
135
48%
pfd stamped—_100
1st
class B
Jan
192
680
*
325
46%
10%
Jan
119%
24
—
2,011
18%
135
46%
36
8 3/4
Jan
Jan
15
class A 1st pfd
Jan
116%
99
Jan
133%
preferred-—,——100
A 1st preferred
—100
stamped
100
5%
Jan
73/4
60
27%
.
—9
38%
RR—
Maine
St
17%
1,700
913/4
91%
—5
—10
40%
830
Boston Herald Traveler Corp——"
Jan
600
8%
33/4
common
15
-100
—
20
18%
118%
74
•
-2%
Lighting Inc
Eddy Paper Corp (The)
Electric Household Util Corp-
High
38%
18%
Jan
7%
8
—10
20
25
Edison,
23
8%
Domestic Credit Corp class A
Range Since January 1
-100
RR
Albany
&
Jan
63
--
40%
37%
Inc
& Son
Boston
21%
7%
—5
General
Boston
100
Jan
.
*
Chrysler Corp common
Cities Service Co common—1
;
137% 137%
—00
pfd—XOO
Bigelow-Sanford Carpet 6$
Jan
22"%
210
•
43%
28%
29%
—
11%
8%
63
Elgin Nat Watch Co. new com
Flour Mills of America Inc—
171 <
172%
-1(K!
Tel
ft
American Woolen
Jan
18%
III1
——
40%
—.
103/4
204
——
Dodge Mfg Corp common new
LOW
250
210
Curtis
High
Jan
Jan
11%
22%
•
preferred-
43%
*
Chemical CoLioo
Sugar Refining common.
American Agri
American;
Shares
Lav
50
118
Chicago ft Southern Air Lines
Chicago Towel Co 00m capital
Sales
far Week
of Prices
Last,
Sale Price
Par
Jan
8%
4
Boston Stock Exchange
Week's
44
118%
(3She) Co Inc—
CommonweaNih Edison common.
Consumers Co com part sh vtc B__
Friday
100
11
—
—*
Coleman
stocks
46
*
Central States Pr & Lt
Jan
88
12%
...50c
preferred
Chicago Corp common
Vernon-Woodbury Mills Inc—
Mt
lien
Jan
46%
45
380
46%
Jan
.—10
common
Preferred
Jan
28%
165
Jan
'[
Prior
28%
11%
11%
37
28'A
Jan
450
44
Jan
Jan
17%
46
Jan
54
Jan
12%
40
25
1434
153/4
Jan
Jan
17
12
315
54
Jan
14
17%
Jan
54
133/4
17%
Jan
54
50
100
40
102%
Jan
800
315
22
Jan
20%
14%
5
103% 103%
37
Jan
14
66
Brothers
Jan
19%
14
14%
1
40
Convertible preferred
Transit Co 4s
.
.
capital—,
Laughlin Inc common—__ -2%
—10
Borg (George W> Corp
*
Brach & Sons (E J) capital
1
Burd Piston Ring common
Butler
33
150
20%
14
common-
Co
Jan
100
34
20
__
Bliss &
Jan
Bonds—
Baltimore
Mfg
243/4
34
315
37
30
2
50
National Marine
Co
Mfg
Bin leg'
Jan
Jan
-*
40
100
preferred—-'
prior
9%
23%
24 3%
20
"1Q
common.—
High
Low
High
243/4
315
20
Vernon-Woodbury Mills com
Mt
Jan
39%
154
10
100
Guarantee Fire Corp
Fidelity &
Finance
8
232
38
157
—20
Deposit Co
&
Fidelity
24%
8%
Co
1
Range Since January
243/4
1
common
Berghoff Brewing Corpi.
Jan
8
39%
Beidpri
High
Lois
750
8
o———•
——100
Range Since January 1
24%
(W H)
Bastian-Blessing
High
23 Vt
24
Co
Shares
of Prices
Low
Par
Barber
for Week
Range
Sale Price
STOCKS
Sales
Week's
Wednesday
1
Last
Baltimore Stock Exchange
stocks
Kal**
FrMa*
j-S'
•
4
•
16 ;
'Jan
Jan
3Sy4 Jart
,
.
40% Ja^n
:
Volume 163
Number 4563
THE COMMERCIAL & FINANCIAL CHRONICLE
OTHER STOCK EXCHANGER
RANGEFOR WEEK SWING JANUARY 84
FrW*T
Wi>ek'«
flaliw
Range
for Week
Last
STOCKS
Sale Price
of Prices
Low
con internal
Motors
/"urtiss-Wright
n-'-
19
11%
500
10%
9%
5%
10%
5%
1,100
5%
Corp
18 V* Jan
11
Jan,
„
Iron
20%
Pennsylvania
RR
(Un)
Jan
Republic Steel
Jan
Rlchman Bros
7%
5ft
-
Radio Corp of America
Jan
5%
a25%
Jan
3%
Jan
37%
Jan
5% Jan
Standard
Jan
5%
common
6%
Jan
U
S
Oil
Steel
,(Un)
1
(Un)
_•
9%
(Glenn L) Co
Nash-Kelvin a tor
Mew York
of
Ohio
common
.10
common
(Un)
51
25%
-•
common
18
Packard
Pan
Motor
Amer
,1
—^
Youngstown
Sheet
Youngstown
Corp.
Central RR capital
Paramount
Motor
Steel
8c
Range Since January 1
a9J/4
26% Jan
•,/>-•• 9% Jan
28% Jan
fi53
V
:
v
4
Jan >j/
12%
23%
Jan
Jan
#
68%
Jan
73.:/:/Jan.
•;}
Jan
20
26 ..;
"
25%
;Jan /
12%
Jan
ȣl2%
23%
M" 10 0/62%
'lO/'Z" 16%
Jan
'&
Jan
/'/| (67% Jan //
Jan
-i.V 18%
56 /
27%
.
Jan .// :
Jan 17
Jan
Car
com.
Pepsi-Cola Co
Pullman Incorporated
Pure Oil Co 4The) common
——
.
Watling, lerchen & Co
—
Radio Corp of America common
Radio-Keith-Orpheum
Republic Steel Corp common-
Member*
New York Stock
standard
Oil
of
N
Sunray
New. York Curb Asspciate
Chicago Stock Exchange
Detroit Stock Exchange
Socony Vacuum Oil Co Inc
J
,
Standard Steel Spring
Studebaker Corp common
Exchange
—.
Ford
Building
^
Oil
Corp
United Corp
DETROIT
Telephone: Randolph 5580
U 8 Rubber Co common—,
Wilson 8c Co common—
Cincinnati Stock
STOCKS
Friday
Exchange
Week's
•
Last
Range.
of Prices
Shares
American
Laundry
Products
Machinery
preferred
vummnau
Dayton & Michigan guaranteed
Ice
Cream———
Dow Drug
Preferred
50
Formica
Hobart class A
•Crover
76
10
359
14
120
12
13%
14
98
2,100
309
41%
41%
200
14%
14%,
1Q0
11%
1QO
112
112
10
23%
Jan
25%
20
Jan
21%
Jan
28% Jan
29%
Jan
Jan
Davidson
Jan
*
120
Jan
120
Jan
13%
Jan
14
Jan
97
Jan
99%
Jan
41% Jan
14% Jan
11% Jan
41%
Jan
109% Jan
2Q
Jan
31
28
28
39
24
65
65
50
65
5
30
41%
64
299
5
Jan
40% Jan
b
46% Jan
liy4 Jan
11% Jan
112
Jan
22%
Jan
Jan.
28
15%
400
2%
Jan
4%
16
950
4
Jan
400
15%
Jan
.
.*
11%
11%
110
11% Jan
—
.•
35'%
35 %
100
35
14%
14%
14%
677
14%
Jan
4%
Jan
v
;/16
Jan
Jan
—
.
/if 3%.
..
Jan
.12
.
w
Jan
35%
Jan
15
'
Jan
/
common—-
69
Jan
Bros
Navigation—
Detroit Edison?. common^,,,
Detroit-Michigan Stove
Electromaster, Inc
Frankenmuth Brewing common
Friars Ale
—
Gar Wood Inc common
General Motors
-
Gerity Michigan Die Casting—
Graham-Paige
Jan
Jan
5.
40%
46%
48%
29%
27%
705
26
62%
64%
765
62%
3%
Jan
4%
—
——
HoudaiHe-Hershey
Hudson
Motor
4,.,
Car-
Jan
Kaiser- Frazer Corp.
Jan
27 >4
Jan
King-Seeley Corp
Jan
65%
Jan
Kinsel
4%
Jan
4%
85
15
16%
150
13% Jan
16%
50
41%
Jan
45%
Jan
10
15
10
Jan
10%
Jan
Drug
Kresge (SS)
-
Jan
41%
10
—
Hoover Ball & Bearing
Hoskins Mfg common
50Ya
41%
__
__
8
5/ / Jan
48% Jan
LaSalle
Masco
Screw
Murray
Rolling MilL
common
Wines
McClanahan
UnlistedAmerican
3%
4
Detroit & Cleveland
20%
—
Printing
Cities
16
Range Since January 1
,V.
»U/h
-
88
62%
*
Rapid
Hiah
3
4%
Shares
Continental Motors
109
27%
*
Western Bank
Consolidated Paper
Crowley, Milner
Jan
87
20%
—
—*
———
Jan
.5
.1
common
107% Jan
47%
:
Randall class B
S
Burroughs Adding Machine
100
__
.
Lupkenheimer
Procter & Gamble
Jan
34%
low
3%
7
.
tor Week
af Prices
-
*
,
7
87
65
—_L—*
——
6% Jan
162
„*
*
—
Briggs Mfg
1
Products-Baldwin Rubber
common---.,
Jan
20%
.*
—
Gibson Art
Hatfield
Jan
97
—
,-10
—
Metal
4
109
11%
.1
-----
3% Jan
87
—
American
.1
——
»
32% Jan
120
__
High
Products
Electric
86
109
—
Allen
100
13%
.100
———
Low
98
—_*
——
Eagle-Picher
29%
„
.—5
.
20
—
—,-UU
—
24
20
109
2
Teiepnon*
24
28%
__
100
—
7
—
100
Orl & TexasPacific—20
Preferred ——.
Cincinnati Street
4
6%
28%
*
8.50
—,
Cinnatt New
34%
4
__
*
High
33%
„
1
—
U
34%
*
Champion Paper & Fibre new
Churngold
Cincinnati Gas common—._—.
Dixie
Lots
—2Q
—
Balcrank
ir
Aeronautical
Range Since January 1
' Sales
Week's
Range
Last
forWeek
Sale Price
Par
American
Friday
Sal* Prio*
Salee
common
Prod
Oil
,
common
common
Corp
National
Stamping
Packard
Motor
—
Service
City Ice & Fuel
Columbia Gas
Motor*
Pure Oil
Davis
Peninsular
———
common
Metal
Products
Prudential
Investing
River Raisin Paper—
——
Standard
Car
Park Chemical Co—
Parke,
Oenersi
Brands
——
—
Timken Roller BearingScotten-Dillon
Sheller
Mfg
*
new
Standard Tube
common—
class B
com—
Superior Tool & Die
-
Tivoli
Fridfty
Week'*
R»n*«
.
Sale Price
of Price*
Low
Akron
Brass
Mfg—
50c
American
'
Coach & Body_r-—
A'mer Home Products (Un)' com
Amerioan
Tel &
High
5%
common
U
Sale*
for Week
Shares
common
S
Radiator
Warner Aircraft
Range Since January 1
low
—
common
Wayne Screw Products
new
com.
High
5%
—6
13%
14%
1
32%
32y4
(Un)-—
1QQ
al71%
common—
--^1
a7%
Tel
Apex Electric Mfg
Brewing
Udylite
U S Graphite
Preferred
—
a
100
105
95
95
43
Angeles Slock Exchange
105
•
—
Los
17314
a7%
43%
Friday
Week'*
Sale*
Last
Cleveland
Cleveland
'
Cliffs
Eiec. ill common—
Graphite Bronze (Un)
Cleveland
Cliffs
Corp
Iron
pfd
—
1
5.
—
; Consol Natural Gas (Un)-__—,15
J
Detroit & Cleveland Navigation
i
,
Erie
*
(Un)——
Rubber
-----——
Firestone Tire & Rubber com
Gabriel Co
General
0
Bros
Interlake
common—
Rayon
Medusa
Lime
Portland
&
Trans—1
...
Cement
Metropolitan Paving Brick
Tile: 8c
Mfgi
H I. Central RR .CUn)—Ohio
Oil
*
*
a
L^mson 4(. Sessj^na—--i?'
National
19
39%
a57% a57%
a37
a37%
a54% a56%
*
Jones & Laughlin Steel (Un)
,.
70
a63% a63%
a54% a55
*
Steamship
Island
68
6Va
"•
5
(Un)
Jaeger Machine
Kelley
6%
10
—
F) Qommon
/ Goodyear Tire (fc Rubber common
Greif Bros
Cooperage "A"
(Un)/——
Mfg Corp
Bandini
Barker
Bros
Corp
preferred
f
-^lft
*
.'_4,
—J,
.'3
•
Company
and
Company
-
Colorado Fuel & Irqn commonPreferred
30
new ?om_.
Ltd nliss
8
25
80c
5%
50
5%
7%
8
7%
6%
—
14 ya
7%
14%
a90
a90
21
*
91%
14%
al9% al9y4
32%
33%
91%
21%
a20%
1_
a21
14%
A__
14%
1.75
2,09
Parnsworth Tele & Radio Corp
a8
a8
Fltzsimmons Stores class '%'*
13
13%
General Motors Corp common—
Gladding McBean 81 Co.-_^,-,_w-.
Goodyear Tire & Rubber Co com.
Hancock
Oil
Co
A commoi)--
Holly Development
Hudson Motor Car Company-
For footnote? see page
570.
5Va.
25
50
77 %c
21%
—
Co.
—
—
77 %0
a69% a69%
Industries
Electrical Products Corp
Oil
Jan
14%
Douglas Aircraft Company Inc
Dresser
3%
*
i
—
34%
3%
21
common.
Central Investment Corp——
Consolidated Steel Corp
33%
Jan
3%
.2
Creameries of Ame^ioa,
a38% a39 Va
2%
3%
X
Chrysler Corp
High
3%
*
Co"^>—
new
Low
3%
0
Broadway Dept Store
Range Since January 1
High
—
.1
Blue Diamond Corp—i
Chlca Oy
.tools*
Lot*
)c
-•
common—
tm 14%
30
Shares
.1
——
Barnhart-Morrqw Consolidated
Basin Oil Co__———
ISxeter
•
—,
Petroleum
al3%al3%
—
(B
Industrial
a50y8 a5iya
tor Week
ef Price*
if
Aireon
Brock
(Un)
Motors
Goodrich
29
all% all%
—^-1
(Un)__25
j General Electric (Un)
Halle
5
Railroad
Faultless
27%
Range
Sale Price
4%%
Electric Controller
I
a65% a68%
l
100
——
Airways Corp—
Pictures Inc new
>
.
260/4. ^17%
a25% a25%
a66% a66%
al7% a 17%
—
r
/ 477
20-
12%
—
(Un)
25
Jan
195y'ft 8% Jan
25
25% Jan
1,207 /
50% Jan
52%
18
—
Tube
Door
1ft
a25% a25%
a69%a71%
—
>
i25%
a87/a
52
•Van Dorn Iron Works
Vlchek Tool
White
North American Co-
Shares
a27% *27%
,
^
—
Martin
\
for Week
ef Prices
Mr
Jan
11%
10%
5%
Laclede Gas Light——
Range
Price
High
Jan
9% Jan
200
Motors
Interlace
Low
STOCKS—
7% Jan
351/4 Jan
tl
——w
Parnsworth Television & Radio
Jeneral Electric Co
:
Graham-Paige
Last
100
11%
11%
-
./Friday :..t0Week'»;/'.://s»ie*-0
Range Since January 1
High
19
Certain-teed Products;
Columbia Gas & Electric
■
Shares
22%
Jan
Jan
50
77>4c Jan
5
.
Jan
7%
Jan
6l4
Jan
13%
Jan
.
;
I
4ya Jan
f
3% Jan
25
Jan
|
50
/Jan
Jan
5% Jan
90c
8
|
|
V
/ Jan
f
7% Jan
14% Jan
f
THE COMMERCIAL &
Monday, January 27,
FINANCIAL CHRONICLE
19455
•
564
yrMf;'::
OTHER STOCK EXCHANGES
EANQE FOE WEEK ENDING
JANUARY-'24
Week'*
.
Member Los Angeles Stock Exchange
listed—Unlisted Issues
V'v
'
*•"
:•
""it'''"r''?
*
Standard
Oil
Standard
FACILITIES
.Kv;J#«"«
- >
Oil
Stone
Direct Private Wires to
Texas
__
i
(N J)
—1•
1
25
Inc
Corp
Company.
&
Sulphur Co:
Tide Water Assoc QIl—
Union Carbide & Carbon Corp.
Union Pacific Railroad Co
United Air Lines Inc
United Aircraft Corporation—
;
'-
'
25% Jan
315
25%
Jan
29
common
6%
25%
Intercoast Petroleum Corp
—10c
v70o
75c
1,240
67 %c
Jan
75c
200
20C
2,000
20c
Jan
20c
7%
77/a
1,092
Hunt Foods
Inc
Jade Oil Company
Lana
Oil Company...
Petroleum
Merchants
National
City
—
1(1
„
Aircraft
Northrop
Oil
Oceanic
Elec
&
Gas
5%%
5%
1st
_
Jan
75c
Jan
95c
Jan
Last
Range
Corp
Sal* Frio*
•f Prices
Shtret
3%
400
Philadelphia Slock Exchange
1.50 Jan
Roebuck
7%
7%
100
1.35
5,700
1.10
Jan
1.35
Jan
184
13 y8
Jan
13%
Jan
Bankers Securities
42
455
41%
Jan
Jan
Budd
40%
178
40
Jan
40%
Jan
Chrysler
36%
100
35% Jan
36%
Jan
Cooper
33
33
100
32%
33
Jan
Curtis Pub Co
a597/a a61%
125
10%
Jan
Delaware Power
75c
Jan
Electric
—
•
I
10%
10
10 y8
62 %C
65c
al3% al4%
22%
36y4
37
37%
...
55%
13c
10,000
86
100
85c
90c
3,900
15%
16
485
al4% al4%
32%
33
32
—
32
90c
___
.
*
■
rnmmm
1
Aircraft Co—
Immrnm
33
Southern Calif Edison Co Ltd com.-.25
—25
prefered class B„____
Pacific
Steel
States
United
10
—1
Universal Cons Oil Co
Air Lines Inc—
U Western
:4- '
^-T?
'
Navigation
Cons
Co
Mng
Jan
Jan
1.05
Jan
Jan
16 y2
Jan
Pep Boys
13%
Jan
137/a
Jan
34%
Jan
31%
Jan
32
Jan
37%
Jan
37%
Jan
Philco Corp common
41-
Jan
45 Va
Jan
Reading
-
Pennroad Corp
———
13c
Jan
86
Jan
—
preferred
4.4%
Co
57 Va
Jan
8y4
Jan
Jan
12%
Jan
Jan
Jan
15%
common
Sun Oil
13%
—
Scott Paper
Jan
12%
10
20%
Jan
4
Jan
*22%
Jan
7
111%
Jan
i;
-
70%
Jan
72%
-
Jan
Jan
26 y4
10
87/a
Jan
10
130
5%
Jan
5%
Preferred
Corp
common.
—
Jan
6c
preferred
100
\
._14
1,000
A 92
3
.—
Baldwin Locomotive Works
5
15
Columbia
&
Gas
Commercial
Electric
Solvents
Corp
50% Jan
Jan
56%
Jan
27%
92
24%
Jan
39%
Jan
11%
318
10%
Jan
llJ/4
Jan
7
1%
103
6%
Jan
7 J/4
Jan
986
1%
Jan
1% Jan
7,056
5%
Jan
6%
Jan
2,394
20%
Jan
22 Va
Jan
25%
47%
3,535
24% Jan
26% Jan
450
46%
Jan
51%
S'A
112
7%
Jan
26%
28%
25
47
6%
21%
27%
15
420
21'/a
44 %
72%
63%
65
45J/a
72%
.
Jan
19%
Jan
2iy8 Jan
46 %
350
44 y2
Jan
49
72%
171
71
Jan
73j/4 Jan
88
63% Jan
2,411
A Jan,
3% Jan
3% Jan
49% Jan
22% Jan
41/4
2,065
4J/a
51%
23%
24
Jan
16
•
1%
24'/a
1,899
75
1,224
3%
Jan
117
24% Jan
3%
3%
Jan
Jan
50%
--
27%
29 y2
Jan
115% Jan
21
15
—
26
353
Jan
9y4 Jan
26%
5,191
29%
115% 116
22
23%
.
•
Jan
65 v Jan
.
V* iy8 Jan
..
." 4y4 Jan
4% Jan
81% Jan
' ''24V4 Jan
j
(Del)
Crown
Zellerbach Corp
Curtiss-Wright Corp
Co
Light Corp
*
•
_l
•
•
Corp
Iron
Corp
Nickel
International Tel Sc
Co
Tejl Corp—
r.
<
York
Central
American
American
RR
Oil
Packard
Aviation
Car
Oil
Company—.
46 y2
Jan
46%
Jan
13
Jan
Pittsburgh Plate Glass
Pitts Screw & Bolt Corp
196
24
Jan
26
Jan
200
UVo Jan
12
Jan
60
a__
115
a__
3% / 3%
mmm
67
San Toy Mining
Standard Steel Springs
10%
a__
a—
70
a__
a__
5%
5%
260
19%
a 19%
15
300
5%
a
—
6Va
5% Jan
19
Jan
16%
Jan
16%
175
16% Jan
16 y»
36
Jan
37%
Jan
155
42%
Jan
42%
Jan
,,
3%
2,635
a44% a45J/2
»
64% Jan
"V 25
5%
5%
St. Louis
64%' Jan
<
5y4
Jan
64
4%
120
11% Jan
11%
185
33%
Jan
35%
280
14
Jan
17 Va
Jan
170
50
241/a
250
23%
a37% a37%
85
39%
a56% a58%
280
57
Jan
57
16%
Jan
19%
18%
19%.
"10
10
a3l
a32
a22% a22%
,
»:
10
1,885
-
Jan
10%
Socony-Vacuum Oil On
Southern
Railway Co
For footnotes see page 570.
Jan
167/a
Jan
10
1,376
8V4
Jan
10
Jan
65
219
Jan
67
Jan
4iy8
7%
64
1% Jan
1% Jan
Jan
1%
100
41%
7%
256
39%
25
7%
Jan
7%
600
1%
Jan
2
Jan
13
Jan
13
Jan
10c
Jan
20c
Jan
127/a
Jan
14% Jan
Jan
1%
2
100
42'/a
Jan
Jan
13
13
20c
14%
14%
36
36
160
35
36
Jan
30%
32%
255
30% Jan
33%
Jan
24
25%
371
23%
26
Jan
--
31/a
25 /8
com—12 /2
3,000
85
Jan
Listed and Unlisted Securities
Jan
24 y2
Jan
Jan
42% Jan
10
9% Jan
150
105
a-,
75
22%
22% Jan
Jan
622
so
25%
25%
25%
047
25
♦
drnmm
54%
54%
280
54% Jau
&22% a22%
6
.
New
St.
4th St., St. Louis 2,
>
:
York Stock Exchange
>
'
Exch.
:
Chicago Board of
York Curb Exchange Associate
New
Jan
Jan
25%
Jan
54%
Jan
1,416
Last
Sale Price
25% Jan
365
14% Jan,.
♦
a 42%
a42%
100
9% Jan
27% Jan
8% Jan
850
14%
9%
.
s
•
:
a—
—-fCi
15%
691
V, •'
,"i
Jan
«-«•
Brown
Shoe
common—......—-15
Manufacturing common
Coca-Cola Bottling common
Burkart
Bale*
Week'*
Friday
stocks
a—
27%
Bel1
St. Louis Slock Exchange
Jan
•27
7600
Ml
Jan
30%
14%
TradS
vi.
26% Jan
lis
8%
Missouri
Louis Stock Exchange
Chicago Stock
.Jan
6% Jan
115
-.v.-
..
Jones & Co.
Members
•
Jan
430
■
Jan
14%
a__
a—
6%
■
Jan
17'/a
655
15
Established 1871
19% Jan
23%
9%
Jan
1,402
19%
19 Va
8%
41
—-
300 North
a45% a47J/a
al0y8 al0J/a
28%
•
Jan
10%
1%
Jan
15
--
11%
28%
Republic Steel Corp
Jan
16%
Jan
64
'Range
of Prices
Low
Par
Radio Corp of America
29
Jan
9%
15
--
Edward D.
Jan
.15
11%
a22%
Jan
15%
1,610
Jan
a—
,
a33% a35J/a
•
a31%
27%
67
9%
Jan
484
a43% a45%
-
52
15%
Jan
16%
37%
a63J/4 a63 J/4'
•
28
Jan
16%
•28%
•
Jan
19
16%
a44ya
Jan
10
*
Brake—
Westinghouse Electric Corp
Air
Westinghouse
16 y4
"
12
1
Alloys Steel
Vanadium
371/4
37%
Jan
17%
Jan
40
11
—*
Jan
Jan
1,050
403
15c
3%
10%
10%
Jan
fLl7/a
1
16%
a29% a3iy8
Jan
10
J
Renner Co
Jan
3y2
Jan
19
Jan
Reymer & Bros
a™
a38% a38%
—
preferred
15% Jan
91/4 Jan
963
10%
•
*
-5
10
Pittsburgh Oil & Gas
al5% al6%
IMt
10
10
Jan
12%
6%
"
42% Jan
25
i
Pullman Incorporated
Supply
—
National Flreprooflng Corp—
Mountain Fuel
a—
a27
3%
Co
Pennsylvania Railroad Co
Star Gas
'
a22%
Company——...Motor
Lone
a22% a23%
1
Paramount Pictures Inc
Jan
11%
24%
.-*,10
Pitt
a30% a3iy8
«...
a467/a
•
Inc
Co
92
Port
595
13
y
North
North
Jan
1
Brewing
Jan
11%
•
Montgomery Ward & Co, Inc
20%
Jan
a24%
__
__18
& Robbins Inc
McKesson
19
44%
Jan
10
9%
16,;a
9%
19%
15
Jan
17%
130
15%
-•
41%
100
10
28
10
10
Oil
Devonian
70
187/a
11 Va
--
H/s
43%
18 y8
___
Jan
Pittsburgh Brewing
12%
*
.
6%
1
High
Low
10
1
Candy
& Electric
Range Since January
Shares
43%
43%
*
Co
Blaw-Knox
Follansbee Steel
a45% a45%
--
•
7
-
Llbby, McNeill & Llbby
Loew's Inc
»
a__
___
Jan
Jan
•
Canada
of
Kennecott Copper Corp
6%
42%
•
Graham-Paige Motors Corp
Great Northern Ry Co preferred
International
a__
240
♦
(B F) Co——
Interlake
25
280
...
for Week
High
Low
Columbia Gas
42%
42%
5
General Electric Co
Poods
Clark (D L)
Jan
al9%
1
Class A
$5 Electric Bond & Share Co
Goodrich
Jan
97
a__
I
1
5
5
__1
Continental Motors Corp
General
14%
Jan
25
'
Power &
Jan
92
al9% al9%
•
Cons Vultee Aircraft Corp
Continental Oil
13
185
92
42%
Range
of Prices
——%
Steel
Allegheny Ludlum
Jan
.
Sales
Week'*
Friday
Jan
38
a—
360
25
& Southern Corp
Commonwealth
173
Jan
Jan
552
6%
20%
•
Corp
Commonwealth Edison Company
Pure
24%
Jan
51%
Sale Price
38
20%
29
10
*
Co
Co
Service
171
a90y2 a92%
....
—5
Corp
Pacific Railway
Canadian
/'Ohio
Jan
Jan
47
5%
Pop
a__
a92%
Borden Company
New
23%
320
1,219
Pittsburgh Slock Exchange
a__
575
13
vtc
Boeing Airplane Company
,
1,274
56%
20%
13%
Improvement
United Gas
65
92
6y2
>
Bethlehem 8teel Corp.i.__
v
Jan
Jan
Jan
425
a34yi a34y»
25
(The)
Refining Co
Aviation Corporation
Electric
Jan
5%
10%
24%
20%
26 %
28%
115%
16 Jan
Jan
a__
1,008
38
92
•-
14
267
14% 14%
14%
100
425
/.a53% a53%
38
—5
$ Atlantic
burg-Warner
__
—
50
Co
P Ry
Atch T & S
v-
92%
Jan
Jan
1%
*
—
Jan
25
Jan
$3
'•
Jan
6c
220
Jan
5
8%
7%
25
25
—*
Transit Invest Corp common
United
'
644
86%
250
865
5
6%
*
participating
A
Class
»Jan
21 Va
150
235
10%
49%
Jan
20%«
180
2,757
r
*
Jan
10%
25%
*
*
100
3
30
*
*
Philadelphia Electric Co common
$1 preference common
Jan
-7
Jan
13
26%
Tacony-Palmyra Bridge—
1,606
82
Jan
54»/4
1
7%
55
230
-
Jan
11%
23%
Jan
32%
8-——
...
11c -Jan
749
81
305
-
48%
6y8
21J/4
427
a54 a56%
171% 171%
*
Co (111)
Armour 6c
Cities
92%
5
9%
1%
15%
15
15
*
American Viscose Corps*..,,—
Anaconda Copper Mining Co
;•
35
13
Lent
Smelting & Refining Co
American Tel & Tel Coa~„^
;
81 y4
88%
•
ex-distribution
85c
*
a5%
6c
a5y8
6c
a5%
10
10
Co
Juneau Gold Mng
Mammoth
Amer
$
Jan
81
'
•
0 Amer Rad & Stan San Corp
%
21%
Jan
Jan
yg Unlisted Stocks—
;
Jan
—50
Lehigh Valley RR
National Pr St Lt
STOCKS
•
19
Stocks—
Mining
Alaska
Black
39
55 y4
Jan
-1
a__
1,373
14
al9 %
21%
♦
Corp
20
56%
27%
1VU
331
>
«*
•
Jan
22 y4
—
2
>l(UOn Oil Of f?n.HTnmt«L. f
United-Rexall Drug Inc.—
t-'
Motors
290
12% 12%
13%
14
a 18 % ai9 %
21% 21%
I— t-10% 10%
72 %
70% 72 %
25
25
a9% a9%
50c
Western: Air Inc.—.........S
& Transcon Se
Gimbel Brothers common
85
8 J/«
8%
—1
!
Corporation
*r»nsamenca
General
Jan
50
42% 42%
55% 57%
55%
_»
.
|i ounray Oil Corp
P Textron Inc
Jan
——1
Penna Power & Light
——*
Pennsylvania RR
60
Pennsylvania Salt Manufacturing—10
-37% 37%
—
42%
Company
U Standard Oil Co of Calif
v
•
Calif Gas 6% pfd class A_25
Southern
-
20 Va
23%
49%
& Light
Battery
1,122
,
Jan
20%
92
13y2
«•
10
5
•
Storage
6%
55%
10
18
86
*
15
.
a29% a29!/a
12c
_
_
Jan
173%
10%
14%
■21% Jan
35% Jan
2,077
55%
*
Co_
27%
Jan
12%
common.........——•
Jan
6%
540
22
5
Jan
20 Va
5
—-1
Corp
Brewing Co
Jan
14
600
25%
170 %
Corp preferred—50
Co
Lenigh Coal Sc
Sinclair Oil Corp
£ Southern
62%c Jan
97
6%
6%
—
Jan
9
1,200
941
1,824
a__
a__
1,300
65c
42
Jan
High
Low
26%
25%
*
42
40%
36%
«...
Range Since January 1
High
171% 173 y8
26 y8
172'/2
13
Works v t c
Baldwin Locomotive
13 %
*
6%
Jan
8
Jan
American
1.15
....
Signal Oil & Gas class A
Signal Petroleum Co Calif
Solar
7%
Low
—*
.—100
Stores —
American Tel St Tel
Jan
13%
1.30
1
Corp.—.1
Trading
Par
—
14c
Jan
12c
5,700
1
Security Co
_
_
Shell Union Oil Corp___
Sierra
14c
a__
8*1**
Week'*
Friday
Jan
60c
Jan
50c
12c
—
common
&
3%
Jan
20
——
25
Safeway Stores Inc—.
Sears
27/a
1,100
3
_
Co
Jan
Jan
for Week
Jan
3
*
Oil
Richfield
Ryan Aeronautical
20
26
a..:
...
Jan
300
42
Oil Company.
Ranch
.a...-':
—
17% Jan
24%
95
Jan
a—
—
Jan
17% Jan
Jan
5
795
80c
40%
Republic Petroleum Co common
Rice
15
75c
25
preferred
Pacific Lighting Corp common
a_.
19
25
—
75
164
Jan
common
preferred—
1st preferred
1st
6%
3% Jan
Jan
«
Pacific
Jan
1.25
"
1
—
19% Jan
3%
50
17%
*—10
common
23%
Jan
170
1
,
Corp
Jan
17%
200
1
COi—w
Finance
Pacific
a—
23
2,100
50c 52 %c
Inc
a
105
Jan-
.
Ltd
20
—,
Jan
20
a—
a
2101
al6y« al67/8
al7% al7% "
24% 25V*
a51% a52y8
al6%
-"I:,•
25 Y*
12%
90
16
Inc_
Lines
Corporation
Nordon
Jan
a—
1.40
al3%al3%
Company.
20
57% Jan
Jan
50
120
17%
1
Manufacturing Co
Menasco
a—
57%
1.25
16
1
Jan
a—
175
a3% a3%
a50% a51%
' a3%
stocks
Mascot
217
17%
1
-...i.,
Lockheed Aircraft Corp
15% Jan
22
Jan
Jan
16
15% Jan
Jan
19%
1,280
—
__10o
Co
Petroleum
Jan
67%
15 y* Jan
Jan
7%
Jan
6%
41
Jan
1.35
—I
OA'
Walla
Lincoln
77/a
1
Kaiser-Frazer Corp
100
10
—5
Westlnghouse Elec & Mfg Co.
Woolworth Company (P W)
Jan
67%
8
a56J/4 a57'/4
a50% a5iy2
al9yi
al8% al9y4
a90% a91%
..
al28% al28%
—
a22 a22'/2
_.
' 18% 18%
Western' Union
High
Low
a_.
•,
40%
76
..
Pictures
• Tel-C» •
Warner Bros
Range Since January 1
High
Low
Par
■P.PP"-.
-
Share*
of Prices
Sale Frlce
STOCKS
-Vr;.V
U a Rubber Company
Salee
for Weelfr
Range
a—
252
a56%
,—-—*
.10
(Del)
Corporation
United
Last
64
1
High
Low
High
al5ya al5y8
21
22
a36% a37J/4
—
217/a
a37
—25
♦
10
*
Company
'
Week's
Frtdur
41
..
Range Since January
Shares
a35 a357/a
41
41
a67% a67%
—
..25
Texas Gulf
'TRinity 4121
LOS ANGELES 14
West 7th; Street—
210
.'v.
SCHWABACHER & CO., SAN FRANCISCO
YORK
ALLEN A CO.; NEW
(Ind)
Co
Co
Webster
&
Studebaker
Swift
■
•
25
Standard Brands Inc
AND BROKERAGE
'
'
for Week
of Prices
Low
Par
COMPLETE INVESTMENT
FAIRMAN & CO.
Last
Sale*
Range
Friday
Sale Frice *
STOCKS
for Week
Share*
18
1
27
118
25
,18
27
Since January 1
•
High
t.ntr
135
35% Jail
16% Jan
148
25
95
35% 35%
1
Range
High
/■A;
Jan
r36% Jan
18
Jan
27
Jan
tVolume 165
Number 4563
THE COMMERCIAL & FINANCIAL
CHRONICLE
PTHERJSTOCK EXCHANGES
RANGE FOR WEEK ENDING JANUARY
84
Friday
_
Week's
Sales
Range
for Week
Sale Price
of Prices
Low
Emerson Electric preferred
General
Shoe
Huttig S & D
■"
„
i
Shares
Low
112
160
111
High y
Jan
112%
33JA
Jan
36'/a
Jan
com_.
55
Jan
55
Jan
Frlday^i^Week's
,Last
Range
Safeway Stores Inc
com
San Maurlcio
1
common
capital-,.
:>>*&£•
23
25o
19
21%
18c
17c
*
36%
29%
545
19c
18%
Jan
50,200
36%
29%
^
Knapp
Monarch
com—....
Laclede-Christy Clay Products
Laclede Gas Light common
Laclede Steel
common
;
Southern
com
—...
Midwest
Piping
Missouri
&
Supply
Portland
St Louis
Dry Goods'
Pub
Serv
com
Scruggs-V-B Inc
*J"\ *
.7
'U>
'{
Transamerica Corp
common
i'
,
^*,v,
Prefererd
Preference
preferred
Sterling Aluminum common
Rtix. Baer & Fuller com new..
.
f
21%
\'V
,
'
21%
280
103
i\
71 Va
Jan
20%
Jan
Jan
15%
Jan
Jan
57%
Jan
54%
h
29 %
'•
*• 0/1 t
*
Unlisted—
common.
Yellow Cab Co
American
24%
24%
1
10%
10%
100
; 29 %.Jan
&
•
•
•
Jan
20Vs
Jan
13%
Jan
15%
Jan
1,450'^@ 21 %"'Jan
^ 22% Jan
5/4-102-VJan p
103
Jan
^
^
270
f
374
22
25%
10%
JanP|p23%
69 "
'
10%
329%
329%
1
a32%
a32% a32%
21%
21%
21%
1
10
10
10
415
10
330
p
£
/.V ' 1
W
35
320
20
329%
-'21%
-
11%
Jan :
330
-
Jan 'V
-
V
Jan
> Jan
34%
-
Jan 33
Jan
;%
Jan
f
' Jan
26
Jan
630
-
«/
'"24% Jan
520
510
Jan
* 71%
Jan
i&'-i
50
common
Jan
*
t
6,380
71%-
10
Victor Equipment Co common
Wells Fargo Bank & U T
West Indies Sugar
common——
Western Dept Stores common
Jail
Jan
18%
23%
•
Consolidated Oil
Jan
38
45%
170
103
22%
71 Va
44%
.
20%
158
?•
,
21%
103
,
Jan
3° Tf Jan
:^60(vl4%
14 ;
'22 V4
Jan
Jan
38%
37% Jan
40% Jan"
*
2,154
19%
10
:
V
29%
'V
'
Jan
42
25
1,283
•-
57
18%
13%
13%
»
14%
29%
V
19%
25
...
North
i'
20%
1,055
-
37%'
Jan
20o
.
1^29% Jan'-M^'-
,
Universal
common
Motors
:
29%
2
"A"
United Air Lines Corp
U S Steel
Corp common
2nd
General
14%
\u
——
20%
20%
'
m
42%
Jan
19%
22% Jan
Jan
35%
'
446
300'
44%
37%
41%
,14%
55%
-
55%
lb
x'
t>,'» *C
-
Union Oil Co of
California-.-
1
common
Wagner Electric
1
'
43
•
42%
Tide Water Ass'd Oil
common—*—10
common
"A"
•
1
Super Mold Corp.
Jl
Rice-Stix
—:
common
Spiegel Inc common——————2
Standard Oil Co of
Cal—*—*—•
common.
Cement
Pacific Co—
Sperry Corp
43%
37%
16c
Jan
47
21% Jan
Jan
25c
-
Jan
705 1
'
High ;T
23
/Jan-
42%
-_
SoundView Pulp Co common.*.
5,
Southern Calif Gas pfd series A—25
>25o
237
22'
29%
Jan
21%
68
19%
36%
15
2,251
;
47
19
21%
5
10 pesos
Shell Union Oil common—
Johansen Shoe common—.
Johnson-S-S Shoe common—
43
22
25c
42%
25c
common-—*.,
„.
;
22%
1
Inc—_—10
& Co
Sales
lor Week'"
;. "
^
Sharesi; Range Since January 1'r
of Prices
Par
Co
Mining
Sears, Roebuck
«
Sale Price
Corp warrants—,,.:
Roos Bros
common—.lJ,——
Preferred
Shoe
'
'■■■
8MS2? Manufacturing
Richfield Oil
8 & W Fine Foods
Hydraulic Pressed Brick
"
:
•
Jan
11
36»/s
•'
STOCKS
17
36M»
'
•
common
International
T
;
Range Since January 1
High
111
common
Griesedieck-Western Brewing
'
r
.•
Last
STOCKS
23%
Jan
Jan
11%, Jan
,
Unlisted Securities—
Alleghany
Corp
common
American
San Francisco Stock
STOCKS
Friday
Sale Price
>«Anglo
Calif
National
Calamba
5%
5%
5%
145
Cement
Co
;
»
>3
California
Packing
Corp
i
1,836
33%
Jan
36
12
1,185
10%
Jan
12
Jan
4%
47/a
200
2
a237/a
1
6%
a23% a237/a
6%
6%
100
•
5
5
common—-•
|
j
Chrysler Corporation
Clorox
V<
common
,—*
Chemical
«"A Commonwealth
common—
.
Co..
Cons
.
Edison
5
f
i
-
(
jc Crown Zellerbach Cprp
-1
.1
;,f'Preferred
f
/
«
/.**'.'■
*
'
T
f
'
20
94
Jan
95% Jan
10%
200
10%
Jan
11
Jan
29%
Jan
Jan
55
Jan
255
59
Jan
59
Jan
Canadian
57c
Jan
80c
Jan
B
:
•
a88%a92V«
28
a5%
:14
31
,
" '
37%
a5*%
a5%
21%
•
Cities Service Co common
30
Jan
City -of Paris Co
14
Jan
31
32%
Jan
..
37%
Jan
17
«
29%
31
106 106%
15%
.
62
>!.<?
Jan
Jan
105%
'
-
Emporium Capwell Co
516
28
Jan
32
Jan
28 Va
232
28
Jan
*
32
Jan
87/a
8'A
.8%
1,655
25
675
•
24%
24%,
49%
49%
7%
......—
Linen Service
a88%
7%5
27%
49%
7%
7%
a88% a91%
7%
27%
8
27%
<
.
8%
25
Jan
1,497
46%
Jan
49%
Jan
179
7%
Jan
105
92%
Jan
400
7%
Jan
8
Jan
27%
Jan
28
Jan
16
5
5
5
240
55 V2
56%
2,152
22
21
22
410
Gladding McBean & Co
*
preferred
a29%
•
Golden State Co Ltd common
327/8
—100
common
102
*
34%
•
Inc
a26%
a297/8 a29%
4%
34
102
35
34%
34%
590
a26% a26%
Jan
50
33%
common
Cons
Filters "B"
Pacific Can Co
i;L, Pacific Coast Aggregates
g
Ji
p%; 5%
Lighting Corp
$5
dividend
Pacific Public Service
common.
6%
Jan
7%
Jan
512
32%
Jan
27%
34%
Jan
27%
280
27%
Jan
10
30
10
Jan
10 Va
535
10
Jan
al7%
al7%al7%
10 %
Jan
85
18
Jan
19
al6 al6%
Jan
97
14%
Jan
15%
Jan
Jan
33
,U. 1st preferred
common..
32%
32 %
1
3%
1
12%
common
& Rights
Paraffine Cos
32 Va
175
3%
3'A
1,750
12
12%
620
.
31%
3
11%
Ja.n
3%
Jan
Jan
12%
Jan
Y
Central
RR
11%
11%
711
100
11
10%
11
76
76
76
70
10
30
29%
30
930
230
11%
10%
Jan
Jan
11%
11
Jan
Jan
76
Jan
76
Jan
30%
Jan
Jan
13
Jan
Jan
13
Jan
Jan
11%
5%
.
57/a
Jan
7Va
Jan
12 V8
12 Vs
200
12
13
13
13
640
13
11%
11%
11%
300
11%
Oil
25
7%
7
7Vs
530
25
42'A
42
42%
2,831
25
41 %
Jan
40%
40%
42Va
Jan
40%
1,401
39%
Jan
36%
40%
Jan
36%
640
35%
Jan
32%
35%
32%
36%
Jan
32Va
239
32'A
Jan
32%
Jan
60%
60%
60%
103%
104
60%
103 %
'
5
5
Eq
& Realty
Preferred
Rayonier Incorp
common—.—.
—
common
Preferred
Republic Petroleum
For footnotes
Co
see
common.
page 570,
9%
Jan "V
5% Jan
a46Va
7
7
3
f
V
•
J15
i:
V- ?Jii
j
15 ;?i 15
"H
1
Motor
American
25
1
20c
20c
20c
58
58
a24 a24%
Jan
13%
13%
13%
Jan
27%
27%
27%
Jan
124
123
124
122 %
Jan
Jan
Jan
15%
Jan
18%
Jan
2.25
Jan
Jan
20Va
19
20%
2,413
♦
19%
18%
19%
841
16%
'i—10
31
31
31
369
31
Jan
al8% al9'A
45
18
Jan
20%
13%
20%
20'A
a22% a22V2
13%
13%
common
50
25%
25%
25%
27
27
.33 V30
27
a39%
a37% a39%
Pullman Inc cap
Pure Oil Co common.
♦
a56%
a54% a56%
a22Va
a22% a22%
—
*
Radio
Corp of America
Radio Keith Orpheum common.
Republic Steel Corp common—
Sinclair Oil Corp.
15%
15%
15%
common
33
33
33
Si-preferred—.
31%
31%
31%
30%
30%
31
38%
38%
capital..
6% preferred
pfd.
38%
a35%
Standard Oil Co of N J.
Studebaker Corp common
..1
22 Va
Swift & Co
.25
a37%
..5
a
capital
.25
67%
15%
15%
15 Va
a35% a35'A
67%
68%
20%
22 V8
a37Vaa37%
„1
3%
3%
3%
Utah-Idaho Sugar Co common.
..5
4%
4%
4%
18%
a 18%
al8%
-25
3%
3%
4
5
16%
16 V*
16 /a
Westates Petroleum
1
39c
39c
39c
Preferred
18c
56
Jan
450
—25
Company
760
565
.
-
515
Corp..
Vica
23 JA
18
Jan
13%
-46% Jan
2.40
common.—
Southern Cal Gas Co 6%
Standard Brands Inc.
•
—24
*
Pepsi Cola Co
5%%
365
2.25
a22%
common—
common
1
4J/a
4Va
Western Union Telegraph A——.—-«.*
Westinghouse Electric Corp com.. 12%
18%
25%
187/a
24%
25%
10
10
—
Willys-Overland Motors common
Woolworth (F Wy common
1
10
10
a51Va
4%'
18%
a51% a52%
,
.
.:•/
270
t
*"r T20
17%
*
^
14'/a Jan
18
Cement common.
Oil
3ji..ll5
2.40
al9%
.
,v34Vs Jan
5
Pennsylvania RR Co.
Cal Ed Ltd
Jan
2.80 Jan
,
58
Airways
Socony-Vacuum
375
*
Park Utah Cons Mines
So
,
5c
—20
Paramount Pictures
/.
.
--i.
6
1,940
.
25'A
capital
Co
a—
,l
,25
common
Pacific Portland
Packard
Pan
62
100
3
36
Jan
a——
4
Jan
245
L
Jan
35%
215
y
7
2.90
34%.
.
23 Va
1,285
*
a45% a46Va
-36
>
848
•
.
5
Warner Bros Pictures—
Ry
"
125
37%
Pig'n Whistle Conv prior pfd
Pnget Sound P & T .common
;^43.\;.,
100
a54Va a55%
United Aircraft Corp common.
United Corp of Delaware
common
Phillips Petroleum: Co capital
27%IT
.
173
25 Ve
36%
25
Riverside Cement Co A
5
7
:.r;
~
5%
Jan
12%
»
-ValO alO'A
1,278
;
fklOVa alO'A
Jan
29%
*
-
ft487/e a507/e
;
alO Va
alO'A
a24%
Railway capital—100
Oahu Sugar Co Ltd Cap
20
Phelps Dodge
27%
—i-—
Pacific Tel & Tel
a50"%
.
Jan
al6s/8
5
103%
—
28
—
2,306
.25
1st preferred—
1st preferred
Pacific
a—
7%
32%
25
Pacific G & E Co common
16% 1st preferred
1 5%%
a„
7%
5
common
27%
*
Co
Co
32%
15
Plant
&
Ohio
7%
100
preferred
27%
*
Cons
Copper-
Onomea Sugar Co
27 %
11%
AmericapxOil
M
City
Jan
•
32%
/Natomas Company—
common
&
Jan
*
1
Auto Fibres common
& M
Jan
_i
Menasco Mfg Co
J
Montgomery Ward
Mountain
7
■-'?
M
Jan
*
Marchant Calcul Machine
3%
a46^ :a45V4-a46Va.
Jan
25
50
I
3%
—*
19%
275
—
|:
'
Cpf]^
29
25%
|i Paauhau Sugar
f
Jan
common———_!i
Navigation Co
Jan
25%
a375/8 a37%
Libby McNeil & Libby
Lockheed Aircraft Corp
Magnavox Co
Kennecott Copper
Jan
18%
Utd
Jan
3%
Pacific
700
5 % %
Jan
Jan
Northern
19%
Oliver
11%
a26
3%
'
Jan
19
North
T
43%
Jan
Invest
all% all%
"
Inter T61& Tel Co commc»it^ii-w.-i..—♦
North American Co common
40%
American
.all%
...♦
Canada..
N
736
North
International Nickel Co
?
...»
—
Jan
Jan
1
Jan
Jan
37%
Jan
Jan
1.15
Class B
26
102 Va
a54%
Jan
22%
1,000
25%
,
102% 102%
•
1.35
1,469
1.15
43 Va
a37%
Jan
a24%
*
Jan
37%
Jan
24%
43
20
54%
102%
...
28%
24%
27
24
1.15
6.66%
-''.
53
a25%
Nash-Kelvinator Corp
National Distillers Prod
43
19
Jan
53
1
—-
30
102
Jan
1.15
20
13 Ve
:
Goodyear Tire & Rubber common.
*
Graham-Paige Motors common——_1
Gt Nor .Ry non cumulative
pfd...—*
Holly; Oil Co
1
Idaho Maryland Mines Corp.———1
35%
Jan
Jan
24 Ve
Corp common
Langendorf United Bak A
I,
5%
Jan
32V8
13%
xlO
—
Domlnguez Oil Co_^_-.
General Electric Co—
Loew's Inc
*
Kaiser-Frazer
r!
Jan
Jan
12%
53
.
?
Matson
*
|| National
„
56% Jan
102
19 Ve
.100
Motors Corp common—1
Publishing Co common.—
:*
Curtfss-Wrlght Corp
1
22
1
Development
Idaho Power Co
K
8%
92% Jan
JamP
a
'
i':'
Continental
Jan
30
141
102
5Va
al87/a al8%
al8% al87/e
13 Ve
Curtis
.
Jan
Hawaiian Pine Co Ltd
Honolulu Oil Corp capital
Honolulu Plantation Co
Hunt Foods Inc common
,
......
52%
20
32%
47/a
18%
a
Consolidated Edison Co,6f N
• I
Consolidated Natural
GasCo,capltal_15
20
Holly
r
_i_.■.,
1st preferred-
.
56%
Bros Stores
8% Jan
Jan
-General Motors Corp common—.—10
General Paint Corp common
*
Greyhound Corp
Jan
23
2
common
4%
7
28%
1
Hale
Jan
28
*
4%
108
28
! i Food
Machinery Corp common—
10
^Poster & Kleiser<common..—_2Va
"K Preferred
25
t
Jan
'
.
.
Jap,y'\
327/e Jan
_25
Columbia Gas d? Electric, common.
Commonwealth & Southern
23% Jan.:
.
28
common—
'.^f-Galiand
157/a
—
: Jan
29
2%
a90% a91%
a 18%
-25
~
...-i
28%
Farnsworth Tele & Radio common
1
a—
—.
5
Doernbecher.. Mfg'{Co_.
El Dorado-Oil Works—U———
i k
,
21%
2,035
2,928
•
Jan
.Jani.
a__
95
22
30
106
87% Jan
13%
al5%al6%
21%
Railway—-4—..
178
t
31-
37%
Pacific
275
^110
f <
a23
2%
v
-
86% Jan
28
Jan
v
5
common
4%
Bunker Hill & Sullivan..
170
28
14
'
194
"
common
s a91%
Chesapeake & Ohio RR—„.
14%
a23
a36% a36%
2%
Boeing Airplane' common—'—. —5 1
1
.2% 1
Jan
54
a6%
14%
a23
—♦
277/a
6,865
14%
—1
Bethlehem Steel common.
Blair & Co Inc capital
:
a6%
a20% a21%
36%
a
1
10
'
i if Di Giorgio Fruit Corp A
;
Berkey fc 'Gay Furn Co——
94
'
i
Jan
390
al6%
.
5%
Jan
^lc
a21Vs
—5
^
29
37 Va
5
common
Barnsdall Oil Co capital-.:.
Bendix Aviation
Corp
a91 a92%
a6%
.13
.100
Jan
5
60c
14%
—5
6%
Jan
300
" a59%-a60%
a39
13%
a91%
—3
54
31
r
Jan
a37%
Baldwin Locomotive
common.:..
Baltimore & Ohio RR common.
29
14
25
Consolidated Copperraines
Cons Vultee Air Corp common-Creameries ot -Amer Inc common
47/a
a—
6%
5%
28'
-
Jan
a__
10%
a91%
_•
4%
89
>
a53% a53%
a39
14%
100
54
a60
:..-...3% '
Chem Ind A——i—
-
94
91c
;_5
—
j
.
a53%
..50
29
,
172% 172%
—5
54.
-
a Colorado Fuel A lron common—' ;
i >
;
■
50
34%.
5
10%'
15
a53% a55%
172%
..14
:
Jan
11%
Central Eureka Mining? Co common—1 '
.
Viscose
Corp_.
Copper Mining
(111) common
Atchison Topcka & Santa Fe
Aviation Corp of Del—
Jan
33%
94
34
14'A
15
a55%
Armour & Co
Jan
34
Preferred
I
4 Va
135
4%
100
Caterpillar Tractor Co
Jan
Jan
11%
California Cotton. Mills
capital—
s
2%
135
2
common
34
13%
15
100
Anaconda
High
20
—
Preferred
:
610
100
Sugar capital-,^..——--
'Calaveras
»
4
——2.50
Imp Diesel Engine
Bishop Oil Co--.—
Byron Jackson Co
:
3%
American
Range Since January 1
Low
3%
Bank—
.Atlas
;
Shares
High
50c
.
34
14%
*
for Week
of Prices
Low
_20
...•
American Smelting &
Refining—..
American Tel & Tel CO
Sales
Range
Par
Aireon Mfg Corp
Alaska Packers Assn..-
Exchange
Week's
Last
Factors Ltd cap,
American Power & Light
American Radiator & Std San
15
50
111
19 %
Jan
Jan
a—
13%
Jan
•
.:
1947
Monday, January 27,
COMMERCIAL' & FINANCIAL' CHRONICLE
(THE
CANADIAN LISTED MARKETS
W';i
eangeIFOR.W^^^
:*
ft
■
e
STOCKS—
Montreal Slock Exchange
Friday
Last
*
Sale Price
STOCKS—
preferred
$1.50
•
20
20
22'A
pommop...,'■
—.——100
'Aluminium;Ltd'
-Preferred
>37%
41
Jan
32%
XB97
24.
22%
Jan
.101%
Jan
.VXX345
A„;
Electric Corp..———*
Anglo Canadian Tel Co pfd
50
Argus Corp
common
"
■H
•
':v
preferred .——lOO
193
402
195
26%
263A
,950
15
10
52%
wtmm
8 3A
.
52%
8%
Z; u
50
83A
875
Jan
,
Bell
o.'.V
-"J '%
*(
Jan
27 Va Jan
Jan
15
52%
8%
Jan
93
600
140
Jan
1,209
27
Jan
28%
Jan
22%
22%
955
21
Jan
22%
Jon
187
Jan
Mills
Bulolo Gold
Canada
common
•
preferred-
Rronze
Canadian
common—
-—:
..cClass.^-
4% Jan
Jan
29'A
29
247
28%
Jan
700
25/a
Jan
3
Jan
29
Jan
29
210
28 V4
Jan
30
31
425
30
Jan
31%
Jan
1,434
15
Jan
16J/2
Jan
77
Jan
77
Jan
193/4
Jan
23%
Jan
30
Jan
307A
Jan
Jan
26'A
Jan
Jan
14% Jan
10%
Jan
15/A
Jan
15
16%
77
77
34
233/4
1,351
30%
10%
30%
930
25%
25%
20
25%
,10%
10%
125
10%
475
15
14%
15
Preferred
Jan
Powell
Quebec Power—
Simons" H
Jan
14 Va
200
143/a
Jan
14%
Jan
34
Jan
34%
Jan
13 'A
Jan
49
*
——100
108
108
Jan
108
*
13
i3.y4
785
18%
183/4
19
410
J13
Jan
18% Jaji
60
58%
60
410
58
42%
42%
75
13%
13%
20
13%
Jan
13%
Jan
Nova
40
40
61
40
Jan
40
Jan
35
Jan
16
Jan
16 3/4
Jan
20
Jan
20%
Ja«
25%
Jan
25%
<593/4 Jan
5,217
115
15
10%.
11
38' 38%
16,766
Jan
39
162
5
162
Jan
162
Jan
119 122%
361
116
Jan
122%
Jan
24
1,905
23%
Jan
253/4
Jan
Jan
28
Jan
162
23%
36%
315
103
Jan
Jan
Jan
93/8
11
Jan
Jan
28
28
20
28
170
12
170
13%
13%
13 %
315
13%
Jan
13 V*
13%
13%
155
13
Jan
13%
Jan
105
105
.10
105
Jan
105 %
Jart
173/4 Jan
18%
Jan
17
Jan
171'
Jan
13% Jari
Jan
18%
is
18 »/4
175
17
17
17
180
17
Jan
9
Jan
9%
Jan
9
9
9'A
300
80
80
80
216
80
Jan
80'/2
Jan
89
89
89
5
87
Jan
89
Jan
183
183
.12
182%
Jan
183
9%
9%
1,890
9
Jan
Jan
Jan
9%
77
Jan
80
Jan
243/4
705
24 Va
Jan
26
Jan
22
210
22
Jan
22%
Jan
14%
400
13
Jan
15 %
Jan
99
99
20
99
Jan,
99
Jan
37
37
75
36 V2
Jan
37
Jan
28
Jan
28
Jan
243/a
22
-
22
—,—100
common
25
.
133/4,
133/4
100
28
28
„
85
77
77
24 3A
—
Jan
103
170
*
Limited
Royal
Jan
543A
505
103
*
preferred
6%
11%
610
2oy4
Worts new com *
Preferred
26
400
28
Winnipeg Electric common——
Jan
11%
56 %
16%
'
25
100
Wilsils Ltd
Zellers
34 >A
9%
Walker Gooderham &
Jan
Jan
—•
33
25%
233/4
•
•
Cotton..
Wabasso
473/4
—*
Jan
55
VJ22
United Steel Corp
•43%
Canadian Cottons common -X-
preferred
Tuckett Tobacco
25 y4
Canadian Converters class B
31
L20
% 38
*
•
Steel Co of Canada common^—
Preferred
....
85
1
Jan
44
Jan
143/8
Jan
Canadienne
191/4
Jan
Jan
Commerce
60
Jail
51
25%
'103
J%0Va
100
Canada Power
Standard Chemicals common
179
1
,42% Jan
42% Jan
So"ns. preferred
&
Southern
5,074
Jan
Jah
103
;103
*
:
common
Southam Press Co
44
•
100
100
17
Jan
16
1Q0
Breweries
48%
20
Jan
103
•20%
'
Preferred
25%
108
—
Knitting common—
preferred
:—100
St .Lawrence Corporation common—
A preferred
50
St Lawrence Flour Mills pfd
100
.,6 %' preferred "Z
".
—
100
Shawinigan Water & Power
*
Sherwin 'Williams of Canada com
•
Sicks.
.
34
:
——
i6y4
Regent
48 y4
15
Transport—
;<&♦>,
,
Rolland Paper
43%
Jan
16
12
iiy2
of Canada.
Price Bros & Co Ltd common—_
Provincial
Jan
45
515
34
Co;
River
Power Corp
Jan
Jan
80
31
14%
^1
5
17
103:
31
Page-Hersey Tubes
Placer Development
.25 JA
-
:—»——
180
78 JA Jan
20
•
48%
common
7%.
.Preferred
Jan
3%
2%
223/4
23
.
25%
Xw
.^4-X—.
Canadian Celanese
15
30%
Canadian Car & Foundry common
:
Jan
21
29
_
conuuon-r——*
-Preferred
.185
14,380
28%
30
•
—50
——
Breweries
21%
3% ■' ' 4»A
Jan
Jan
21 Va Jan
2%
*
~
Canada Steamship common—:
•5%
29
100
*
Northern Power Corp
Canadian
2,592
4%
•
$1.30
Canada
12%
23 %.
21
100
—
preferred
Canada Forgings class A
;-
Jan
Jan
21
*
5
„
Cement
12%
22%
22%
•
Dredging
Calgary. Power
200
"223/4
*
class A...,.
Building Products
653
12%
•22 3/4
188
'
•
—
Jan
189
188
12%
188
*
•
Columbia Power Corp A
.Class B;;X—X---XX—X——
Silk
Jan
200
140
•
Forest *Products
Columbia
Bruck
Jan
28'A
*
British
■/.;
Jan
8 3/4
95
Jan
22%
•
—
Trac,Lighfc A. Powers
Amer Bank Note Co—X
Britisn
Jan
273/8
100
..
Ltd—
Mines
Brazilian
British
Jan
52%
Jan
t
Telephone
Bralorne
Vi Jan
<202
Jan
101
28%
XX4X—•>—re
<''<-)''" *'!.' ?h
Bathurst Power <fe Paper class A
•
Jan
15
—
1
243A
i
'•140
^Warrants
Asbestos',';Corp
x'1
Jan
-32% Jan
105 'A
'
26%
1X15
94 :
94
,
,
Jan
23
Jan
Jan
Jan
25
C
193
•
22
10
105
Jan
105-
445
22%
22%
/••:i5
195
'26%;
pfd—25
Amalgamated
.4% % >«onv
99,0
Jan
,47/a
103
17
.
Jan
101% 101%
—~
Co of Canada 4%%
21%
22
—
Aluminum
19% :Jan
105
Steel
Aigoma
203/4 Jan
9,294
32,505
18%
21%
:
Jan
Jan
Jan
180
80
80
Light Heat & Power
Ottawa
20%
32%
23
preferred XXX;-;-X—-100
AgnewrSurpass J3hoe common——.,..—*
*
com—100
'—1
100
High
.
39% X 41
-"5%
-
:
High
19%
21
.40
*
——
—
"02.50 prior preferred
—
"Acadia-Atlantic - Sugar A-—•—
i
Range Since January
Shares
at Prices
5
625
•-
5
47/a
High
29
Jan
28
440
180
I—
January 1
Low
28%
180
•
%%
Ottawa Car Aircraft
,
18%
19%
Abitibl Power & Paper com.
.Ottawa .Electric ,Rwys
for Week
Range
Low
Par
100
u
Range Since
Shares
High
28
-r
!.
'Preferred
for Week
Low
-m /fc28
Ogilvie Flour Mills common
Sales
.Week's
Sales
Range
^oLPrices
Par
Full
Canadian
Week's
r
"Friday
-.I/Last
;;Sale Price
Canadian
Foreign Investment—;—.—•
35%
35
35%
Jan
35%
Jnd Alcohol corpmon——•
16%
15%
I&V2
14% Jan
16%
14%
153/4
820
133/4
Jail
153/4
1,070
33%
m
—
Scotia
—
"1—1
—
29'A
26%
26%
38
Montreal
29%
37 Va
10
X—
;
21%
Jan-
22 y2
Jan
Jan
21%
525
23
Jan
29'A'
26%
100
29 %
Jan
29%
870
25 y4
Jan
26JA Jan
435
37'/2
Jan
39
Jan
23%
23 %
1,650
23 Va
Jan
25
Jan
38
24'A
Jam
Jan
Jan
35
22%
22%
-1°
—-—10
■
Dominion
1,054
223A
21% •21%'
10
—
Jan
Canadian
:
—
—
Jan
it.
B' —
Locomotive
Class
Oils
Jan
36
18
18
18
50
18
Jan
18%
14 y8
13%
14%
3,950
13
Jan
14 !A
Jan
«
13
125/8
13%
490
12% Jan
13%
Jan
89
843/4
89
3,652
84%
.41%
41%
110
45
45
1
303/4
31
11%
17
35
common.—.
canadlan-Paclfic Railway——
Cockshutt-Plow
Consolidated Mining & Smelting—
Consumers Glass—
.—X
_
Crown Cork & Seal Co-
Class B_
*
—
_
17%
Distillers Seagrams old common———*
♦Preferred ———XX--—.X—.100
Dominion Bridge •——
Dominion Coal preferred
Dairies
Preferred
common
34
-
413/4
Jan
45
Jan
45
175
30%
Jan
31
Jan
123/4
265
113/4
Jan
12 3A
Jan
18
5,645
16 Va
Jan
19
Jan
250
34
-647
33
107% Jan
106 3/s Jan
-
265
32%
15%
Jan
34
Jan
Jan
16
Jan
15%
16
10%
10%
207
10
Jan
31%
25
31%
Jan
32
10% Jan
\
14%
Packers
Columbia
25
40
Jan
42
Jan
British
36
10
36
Jan
37
Jan
British Columbia P & P Co
15
2,280
26%
200
14
26%
13%
Jan
15
Jan
26
Jan
267/8
Jan
:
sPreferred
Brown
Company
26
Dominion Textile common;
X
Jan
Burns &
200
253A'
Jan
26%
Jan
Butterfly Hosiery Co Ltd
400
25
Jan
253A
493
92
Jan
17
184
Jan
184
104 104%
50
1033/4
Jan
105
" Jan
Jan
il7%
795
" Jan
18
Jan
95
94%
95%
184
184
104
17%
v,'
Corporation
Enamel
Heating
&
Famous
Power
17
17 Va
290
11%
95
173/4
18 Va
395
25
25
70
17%
20 3/4
Jan
21
Jan
17
Jan
18
11
Jan
18
195
11
Jan
Canadian
Canadian
Light & Power Co
5%
Marconi
Canadian
Canadian Pow & Pap Inv
105%
105%
106
12
105%
Jan
106
Jan
14%
14%
30
16
16
440
5%
Jan
141/4
Jan
Jan
16 V2
Jan
Canadian
Vickers Ltd common
preferred
8
Jan
8'A
27
Jan
29Va
Jan
Canadian Western Lumber Co
155
53
Jan
53
Jan
Canadian
40%
Jan
45
Jan
Co Ltd—;
Catelli Food Products Ltd common
Jan
Claude Neon General
133/4
3,001
12%
Jan
133/4
13%
135/8
4,921
13%
Jan
14
X8%
8
8%
2,900
8
Jan
33%
'33%
33%
f
930
Jan
8 Va Jan
Jan
34
303/4 Jan
Westinghouse
Commercial
25%
25'A
26
250
25'A Jan
26
Jan
*
36%
35.%
36%
3,020
34%
Jan
37%
Jan
19
49%
14%
48%
50%
48%
Jan
55
Jan
Consolidated
14%
14s/8
4,032
1,925
_•
•
Lang
&
Laiira
Woods
Ltd (John A)
Sons
Secord
2
*
*
—-*
Ltd.
__._2.50
36
20
_
35
12%
950
Jan
—,
Engineering Works Ltd:
*
Linoleum Co. Ltd..*
Jan
123/4
Dominion
Jan
^.46
12% Jan
Domin Oilcloth &>
Ltd—_—-—20
—*
Worsteds—.
Co. Ltd.u.
—«—*
12
175
11% Jan
12
Jan
Dominion Malting Co
35
36
826
35
Jan
36
Jan
Dominion
20
20
680
20
Jan
21
,Jan
Jan
21
63
690
140
20%
62
Donacona
Paper
130
20%
Jan
21
Jan
15
15
350
15
Jan
15 'A
15
21
15
Jan
15
Jan
East Kootenay Pr
Eastern Bteel Products .Ltd
Esmond Mills Ltd Preferred
-7% pfd
100
*
20
,
8
110
Jan
112%
Jan
14
125
14
Jan
15%
Jan
155
23 y2
Jan
25%
270
270
5
16%
142
J-6
Jan
16%
Jan
23
350
21
Jan
23%
Jan
64
85
64
Jan
65
Jan
3V2
1,800
12'A
54
2%
976
2
23A
526
Jan
234
Jan
123/4
70
12%
Jan
12%
Jan
30
13
30
Jan
30
Jan
26
Jan
32
Jan
Jan
154
Jan
3%
3%
3%
11,350
33/8
43 >A
44
223A
246
423A
Jan
44
Jan
44
100
22%
Jan
23
Jan
40c
40c
400
35c
Jan
4'/a
4 >/a
345
4
Jan
19
Jan
19
Jan
Jan
223A
'
4'/8
19.
19
35C
35c
44
35c
Jan
35c
16
17
17
17
Jan
17%
Jan
16
18%'
16'%
250
15j/2
Jah
16
Va
12,014
173/4
Jan
19%
Jan
9
200
42
44
25
25
25
17%
39
37%
15
18%
23
23
11
14%:
18'/a
103/4
215/a
300
17
Jan
Jan
Fairchild
5
3»/8
680
343/4
Jan
351/4
Jan
43% Jan
13 y4
Jan
43/8
Montreal
40
Jan
403/2
Jan
19
Jan
191/2
Jan
Foreign
21
20%
Jan
Fraser
-
,
21
2,025
21 lA
Jan
20
50
50
Xy.-'r> 3
50
Jan
35
40
,530
31
Jan
40
:,45%
-100
National Breweries common.
45%
46%
2,555
48
48
80
^
Natl
Drug
XXXXilXX—XX-*25
Noranda Mines T.t.a
281
48
1
■
Jan
47% Jan
Jan
13
Jan
Jan
13
13%'
23%
,'24%
890
23%
•
26
26
26
203
25
Jan
•
53
51%
53%
3,898
.50
Jan
& Chem conv pfd—..—5
Car Corp
•
National Steel
Niagara Wire Weaving
.
Power Sec Corp Ltd
Companies —
Great Lakes Paper Co Ltd
A
Jan
48
Jan
<13% Jan
24% Jan
;26
53%
Jan
Jan
com
—
i-
;-X
preferred
Hubbard
LaSalle
61
Fapet-
Ltd—
Jan
30
12
Jan
Jan
213/4
Jan
52
4 Va
.
,20
90
4% ;Jan
Jan
,21
Jan
55c
300
50c
48%
Jan
25
28.%
1,614
24
Jan
66%
69
205
20
20
6
'43/4
43A
200
3%
100
16
30
:
90
90
12 Va
12%
-
102
r235
28'A
.
•
-90
•12%
-
Jan
4% Jan
Jan
Jan
Jan
Jan
20
,
Jan
3%
Jan
69
Jan
4%
16
.
:
52%- Jan
.
63% Jan
20
,
55c
Jan
733
Jan
61
Jan
16
69
3V8 Jan
Jan
50 y2
.
.
-
Jan
Jan
23/4 Jan
.
.
Jan
Jan
50
.
Jan
15
19
3%
28%
4%
Lake St. John Power
3,450
37%
Jan
50c
,50
Hydro-Electric See Corp—
—
Journal Publishing Co of Ottawa Ltd.
Lowney (Walter M) Co
.
Jan
13% Jan
21
,75
20
-
Jan
44
10%
1,585
20%,
Inc.—.
Felt Co Ltd—
3y8
Jan
40
23
1,030
,4%
20%
25
Jan
17
10
•4y8
.
Hotel. de
45%
-
Preferred-
Jan
50
38
40
Telegraph
Montreal Tramways
24
2%
-
1,921
57%
!
Jan
37
80
287
21s/a
Jan
25
300
37%
35%
70
*
37%
2
103A
37%
39
.15
17%
3,585
.
Jan
9
Jan
41% Jan
50
115
35
40
9
210
44
17%
193/8
;
-
to
35
13%
.
Jan
18%
9
17%
40
Jan
173/4
17
Mitchell
13%
4%
19
Jan
Jan
40c
35c
Jan
19%
3%
Jan
100
251/4
,19%
Jan
138
Jan
—100
J00
2%
95
23 y2
X--X
Jan
Jan
12%
Jan
210
"1,930
Cottons ,<commom
2
3%
Jan
Jan
28
24%
Preferred
2%
140
23%
Montreal Lignt Heat & Power Cons.—*
Montreal Locomotive Work?
*
3%
12'A
27
24%
Fanny Farmer Candy Shops Inc..:
1
Fleet Mfg & Aircraft
——
Ford Motor Co of Canada elass A
Jan
Jan
270
Jan
270
140
McColl-Frontenac Oil
Montreal
Jan
30
Jan
Ltd——-
Jan
63
123/4
193/4
Aircraft
21%
Jan
2%
18% Jan
171/2
Jan
62
3%
11,058
Breweries.————*
Jan
20 y2
12%
193/4
(Robert)
106 V4
64
183%
Molson's
Jan
106
22%
193/4
Massey-Harrls
Jan
5%
Jan
111
Jan
15
Jan.
23'A
Squarer Corp
Dominion Woollens &
.15
*
common
*
*
143/4 Jan
.14«A Jan
45
Textile
■15
..XXxxx*—"4'
—
Lewis. Brothers
Lindsay (C W)
45
123/a
—_
20% ' 20%
*
common
10
5
Advert Ltd com.*
Lithograph—
Consolidated Paper Gorp Ltd—i—•
11%
*
Jamaica Public Service Ltd com
of the
45
12%
Jan
4%
235
27%
Consolidated
Lake
'
Alcohols
Preferred
*
~
9%
10
2%
Canada Ltd.*
Consolidated Div Bee A—
i—'■
•*
International
—15
10
*
*
*
Consolidated Bakeries of
International Nickel of Canada cbm
common
12 Va
Jan
•
Jan
175
12%
Power
Jan
12 Va
-10°
—
295
13%
Utilities Corp
83
Jan
*
Ltd com
53
8%
27%
133/4
International
Jan
12 Va
;—1
Company
28
8
28
Imperial Oil Ltd.
•
Imperial Tobacco of Canada common.5
International
78 y2
113
100
53
8%
1,892
International Petroleum Co Ltd
420
*
Products—
Canadian Silk
15%
7%
Ltd—
preferred
13
45
common......
4%
82
5,025
79%
Ingersoll Rand Co Ltd—
•
Inter Inv Trust Ltd com--"
Jan
43
Paper
4%
82
Jan
16
Ltd——50
181/4
110,
45
International
171
270
II01/2
Jan
■
53
Jan
14
Jan
Jan
n
Jan
153
110
17 y2
18
Industrial Acceptance Corp ««*".
Bronze common
53
3
Ltd—-—•
common..
Jan
£1
20
23%
Canadian
4%
—X.———
*
Canadian Gen Investments
•
Preferred-'
52
—T—*
Canadian
17%
& Smelting
8%
63
Jan
Industries
Jan
8%
153
21
Jan
355
Preferred—.—^.——i—J—lOO
'■
General Elec Co
Jan
27
Jan
48
106% 106 y4
Jan
900
•
•
Jan
8
12 Va
181/2
11%
5>A
Bridge
25%
482
26%
Jan
13% Jan
15% Jan'
,
10
10
1
26
173/4
Howard Smith Paper common—
Jan
4%
Jan
4%
16
Jan
153A
8%
Jan
17%
_
13
130
3
-
153
173A
Canadian
*
——•
common..
115
16
26
25
*
Gypsum, Lime & Alabastine
13%
Jan
100
T
13%
153/4
7% pfd.100
Ltd
Canadian Dredge & Dock Co
Vinegars
7% Jan
Jan
2% Jan
1,075
3
16
•
Malting Co Ltd—
Canada North Pr Corp Ltd
6 3/4
281
7
Jan
11%
"
27/a
pfd—100
Dominion Sugar
&
5
Preferred
Hudson Bay Mining
Canada
—
Co Ltd 6%
Calgary Power
Canada
17%
General Steel Wares
Hamilton
Jan
95%
Jan
Jan
.
(Charles)
55
110 110%
17%
100
General Bakeries
Gurd
—
•
common
preferred
5%
18
*
•
.21
11%
17
*
Prod..
Corp
Foundation Co of Canada
Gatineau
21
1
—
—
Canad
Players
17
26 V*
Jan
Canada
20
Eddy Paper conv class A
Electrolux
17%
253/4
'
•
.
2%
Jan
25
•
X
—;
'*Ki
Jan
*
425
8% Jan
Jan
10
1
Co class B_
26
25
preferred__100
Paper 4Vz%
8
235
1^°
——
26
-
Dryden Paper
580
52
—
26
25
100
•
100
————
83A
ll'A
Ltd cl B__*
Ltd com__l
—--—100
common.——
Preferred
common—•
8%
10%
7
—
.40
High
Lqv
High
11%
—
26
Donnacona
Range Sinee January I
Shares
83/4
*
Atlas Steels Ltd-:
*
Bathurst Power & Paper class B
•
Brand & Millen Ltd A.
*
Biandram-Henderson Ltd
—*
Brewers & Dist. of Vancouver——5
British American Oil Co Ltd
<—•
Works Ltd
Glove
Acme
36
•Ltd.——XX--.;—*
Dominion Tar & Chemical-
Preferred
Low
Par
Sales
for Week
of Prices
Sale Price
STOCKS—
.
Range
Last
40
100
100
Steel & Coal class B—-—25
Preferred
Week's
Friday
Jan
.
———
Dominion Stores
(•
Csnailee Fonie
Jan
Jan
31%
15
35
Dominion Glass common.
Dominion
Jan
89
Jan
'421/2 Jan
106%-1063/4
*
29
*
;
:——
Preferred
33%
*
303/4
*
Davis Leather Co Ltd. class A__
Dominion
2,380
29
Canadian
Canadian
190
•
Y.3%
...
Jan
.16
Jan
.
Jan
90
Jan
127/e
'
v
Jan
Jan
*
Volume 165
Number 4563
THE COMMERCIAL ft FINANCIAL
CHRONICLE
CANADIAN LISTED MARKETS
RANGE TOR WEEK ENDING
JANUARY U
i
"
Friday
Week's
'Last
STOCKS—
"
~
McColl-Frontenac
Oil
Shares
Range Since January 1
High
—j
40%
14%,
v
14
14%
20%
20%
~i
%
'
29%'
4%
pfd——-100
Melchers Distilleries!
Limited com-,—*
Preferred
L,-'—
>±
—10 :
Minnesota-. & Ontario
Paper Co—p—5
Montreal Refrig & St6r Ltd
com-—-—*
1st preferred f
:
•'
Low
41
<
Maritime Teleg & Tel 7%
pfd——,-10
Massey-Harris Co Ltd G%%
pid—20
^
"
Low
•
*
for Week
of Prices
Par'
MacLawn Power A Paper Co
:
Maple Leaf Milling Co Ltd
com..—
.Sales
Range
Price
Sale
29%
_v '
-
104
Jan
14
Jan
14%
9
20%
Jan "
,
20% Jari
155
28%
Jan
29%
21
102%
6%
Jan
'
—i.
14%!
1*7 %';
Moore
preferred'
17
-—-.4—,
Rice Mills
Ltd
•
.
v':,;
•
w,
.
<
com—*
'
-
Orange Crush
Paton
Mfg
Pauls
Ltd
Service
7%
:
—*
preferred—.
•
18%
Rand
Stores———
Sangamo. Co Ltd -i_,
Gas
of
Jan
22
39
Jan
21% Jan
112% Jan
Jan
59
Jan
32
Jan
Jan
Jan
8%
Jan
6%
10
Jan
7
Jan
Jan
10
Jan
Jan
123
10
122
24c
—_—*
Jan
24c
Jan
26c
Jan
10c
Jan
10c
Jan
10,
United'Amusement Corp Ltd
"A"——0
United Corporations class
A J
•
United Distillers of-Canada Ltd*
United
Securities, Limited
Westeel Products
Corp Ltd—,
Jan
6%j
—
Canada--
Jan
55
pfd—i——100
Southmount Invest. Co. Ltd.
Union
Jan
8%
—*
Soutnern Can Pow 0^
Jan
13%
10% Jan
103
Jan
27
—L—*
i
,Jan
71%
'
Jan
110%
59
.
Jan
19
21%!
110%
•
Jail
30
30t
r—*
cum 1st pfd_20
6% non-cum part 2nd
pfd
50
"Quebec: Pulp & Paper 7% red
pfdi_100
Quebec Tel and Power
Corp A_
*
Power Corp of Can
6%
Jan
•
22'
•
—20
stores-
Jan
103
•
Jan
10
103
y
.
Jan
12%
'
10-
,
Light & Power Co
i
13%,
Jan
70%
71 %.
'
*
Jair
21%
20
—
Corporation Ltd——'
*
Hotel Co Ltd-i-i.——♦
Mount Royal
Mount Royal
Nova Scotia
Jan
7
14% Jan
,18% Jan
15%. Jan
29% Jan
21%. Jan
Jan
13
Jan
Jan
<104
Jan,
29%
-
30'
-
•
41% Jan
14% Jan
•
2nd
y'High
40%
.
29 %
104
'
" "■
292
527
■
22
-100
•
Western Grain Co Ltd
Windsor Hotel Ltd
*
*
Mining Stock*
Alto
Mines
Arno
Ltd
Mines
Aumaqpe
1
Ltd
Gold
-
Mines
10c
3%c Jan
70c
3%c Jan
70c
Jan
70c
Jan
40c
42c
37c
Jan
43c
Jan
8c
1
Cartier-Malartic G M
Centreniaque Gold Mines
Century Mining Cotp Ltd
3%c
70c
42c
1
Bojiville Gold Mines Ltd
Boufecadtllac Gold Mines Ltd—
BuffadisOn Gold Mines Ltd
10c
3%c
70c
9c
8c
Jan
9c
Jan
*
■
Ltd—
Band-Ore Gold Mines Ltd
1
Beatrice Red Lake Gold Mines
Ltd—1
Beaucourt Gold Mines—,
—
1
33%c 33%c
9s
8c
33 %c
9c
33%c Jan
-10c
9c
Jan
Jan
10c
Jan
1.35
1.42
Jan
Jan
10c
1.42
8c
9c
1
1
—
Jan
1.44
Jan
1
—
Ltd
1
—1
CheSklrlt Mines
Cadillac Gold
Cortez Exploration
Cournor Mining
Dome Mines Ltd—
35c
—1
-23c
1
..
Consolidated
55%c
Mines
1
20c
5
35c
—
•<
—
Duvay Gold Mines Ltd
1
—
last Sullivan
Mines-,Elder Mines Ltd—
——1
Eldona Gold Mines Ltd
El Sol Gold Mines Ltd
1
Fontana Mines
1
1
fl945) Ltd
1
Formaque Gold Mines Ltd
Found Lake Gold
14c
13c
—1
83 %c
81 %C
86c
1
8%C
7%c
8%c
29c
29c
Francoeur Gold Mines Ltd
Goldbeam Mines
Goldora Mines
0
1
—
Ltd—
Gold
Mines
Consol
Jack
Lake
Gold
4c
Lake Rowan Mines
Shore Mines Ltd-
—
Jan
Jan
4c
Jan
13c
Jan
90c
82c
Jan
4.60 Jail
1
Ltd
33 %c
Mines
1
Louvicourt Goldfields
14c
23c
Jan
39 %c
1.17
15
1
Jan
15%
1
Mines
11%
27 %c
10c
80c
—
Lake
Gold
8%c
1
Ltd
Jan
Jan
Jan
93%c Jan
11
2%c
1
Jollet-Quebec Mines
37c
16c
27c
1
Ltd
24c
Jan
41c
85c 93 %c
10%
Jan
29c
15c
1
Jan
91c
41c
1
Mines
16c
9%c Jan
37c
15c
39c
——1
Mines
Lingman.Lake
Lingside Gold
30c
1
Ltd
Hollinger Consolidate Gold
Hudson-Rand Gold Mines Ltd
J-M
14c
1
Goldvue Mines
Heva
-
Jan
Mines
1
Ltd
LouVre
Ltd
Mines Ltd
Perron
Pitt
Gold
Gold
1
Ltd
Ltd
5.15
5.00
27c
24 %c
—1
Gold
„
Class B
26c
25c
60c
2.67
60c
1
25c
1.55
2.10
60c
15c
72c
2.40
2.50
1
2.50
15c
9'Ac
•
*
8c
330
330
Jan
1.55
Jan
Jan
2.67
60c
Jan
41 %c
A.
Jan
19c
Jan
78c
Jan
70c
2.30
Jan
Jan
2.70 Jan
15c
330
Jan
19c Jan
7c
9%c
-
—-—..
Canada Permanent Mortgage.
Canada Steamship common-.
Preferred
—,—
Canada
Wire
class
A
Jan
Jan,
9%c Jan
330
Jan
330
OH Stoek*
Gaspe Oil & Gas Co Ltd
Homestead Oil & Gas Ltd
Royalite Oil Company Limited
Jan
Jan
Jan
15c
72c
15c
1
30c
Jan
50c
16c
70c
Jan
41 %c
41%c 41%c
1
——
Ltd
1.55
2.40
2.55
28c
1.55
1
.
Wright Hargreaves Mines
class
B
Canada Packers class A
50
Stadacona Mines 1944 Ltd——
Sullivan Cons Mines Ltd
Yillbona Gold Mines Ltd——
Westvllle Mines
>
common.
9c
10%c
50o
——
Cement
preferred
Foundry
Class
1
—
New
Canada North Power
1
Ltd
Gold
Canada
20
*
Siscoe Gold Mines Ltd
Sladen-Malartic Mines
15c
1
•
—
1.20
16c
Canada
Mines
Santiago Mines
Sheep, Creek Gold Mines
Sherritt-Gordon Mines. Ltd
14c
1.20
——1
'
Red Crest Gold Mines Ltd
Rochette Gold Mines Ltd
.
15c
1
Quemont, Mining
Soma-Duvernay
2.28
1
1
Mines-
Quebec Yellowknife
.
1.02
1.95
——1
-
Mines
Mines
Jan
Class
B
Canadian
*
——
Bank
of
Commerce
Canners
*
common
1st preferred
*
20
—
Conv preferred
Canadian
Car
*
&
Fdry
common-
Class A
1
1
Canadian Celanese common
Preferred
,,
•
Canadian
Class
Exchange
Canadian Fund*
-
.
Friday
Last
*
——100
•
•
Week's
Acadm-Atlantic Sugar
Preferred
Acme
common-
Range Since January 1
Surpass-.^-,,—
Akaitcho
For footnotes
39
41
570
22
:22
22%
V 106
105
106
,6c
6%0
32%
32%
1.25
1.40
-•
—
see
_*
'
.
—
1.30
page 570.
—-
*
—*
"
1,500
>
•:
40
2,200
Jan
20%
Jan
18%
.
Oils
Pacific
33%
Jan
21%
Utilities
Wallpaper
A
Canadian
Wirebound
Box—
—
preferred
105
6c
32
1.20
41
.
<
Jan
Jan
Jan
Jan
23
106%
;
Jan
Cariboo Gold
Jan
Castle Trethewey —
Central Patricia Gold
Central Porcupine
Jan
6%c Jan
32%
Jan
1.40
Jan
Chemical
Research
14%
28
28%
104
104
20
-—_
26
2.80
2.95
Jan
1.26:
Mines
20
25%
2.75
Quart*
Centremaque
80c
18%
13%
Ry
Tire
Canadian
Jan
37% Jan
22 ; Jan
35
75 %c
17%
,
com
Canadian
High
-
18%
'305
55
•
-
Canadian
Low
21%
-*
-
Canadian
High
19%
40
-
Canadian
15,867
38,935
21-
————
Gas
Low
20
.25
-
Canadian Malartic
Sales
ft for Week
of Prices
Shares
18%
.20
$2.50 preferred
Agncw
19%
Food Products common
Canadian Locomotive
_
'cr
Abltlbl Power &
Paper new com.
*
-
Class B
"
Range
Sale Price
Dredge
Canadian Industrial Alcohol com A—*
Toronto Stock
STOCKS
A
•
—*
—
preferred
10
Canadian Breweries common
Canadian
Canadian
*1.50
Jan
Jan
Jan
1
•
Pandora Cadallic Gold Mines
Pato Cons Gold
Dredging Ltd
Pen-Rey Gold
12
29
4.50
1
Normetal Mining
Corp Ltd
Norseman Mines Ltd
O'Brien Gold
5%c Jan
Jan
Jan
*
Mines Ltd
Jan
Jan
Jan
15%
1
Mining Corp of Canada
Nechi Cons
Dredging
New
15c
2.90
Macdonald
32
1.30
1.40
Jan
2.01
2.16
2.20
Jan
21c 22 %c
26c
Jan
17c
22c
Jan
79 %c
Jan
21c
•••550 58%0
THE COMMERCIAL &
Monday, January 27, 1947
CHRONICLE
FINANCIAL
CANADIAN LISTED MARKETS
:>'
24
RANGE FOB WEEK ENDING JANUARY
•
Week's
Range
Last
STOCKS—
ihi -■>
■•'••-^'ISi *,flf
Mlnes»-««~-i—---1
,
Cheskirk
Mines
Chimo Gold
u,
Chromium
3italam
Whlans Gold-,
Fiy* Co
t'ocnenour
COCKSUUCC
ConduitsConiagas
Consumers
Ponwest Exploration
Courpor
;
Jan
15c
Jan
Hosco
1.90
.
19
"
■■
—..—u..—
173
10c
'Preferred; A
■■■ •!>-/
.
' ■('
-
;
■«
B
2.10
Jan
9c
Jan
16c
Jan
57c
62c
39,350
1.58
.1.67
43,000
81c
11,300
106%
Jan
1.34
106,810
1.12
Jan
15%
150
14%
Jan
16 y2
Jan
30%
240
30
Jan
33%
Jan
8
8V4
200
8
Jan
9%
Jan
104% 104%
10
104%
Jan
104%
Jan
3%
4
150
3%
Jan
4
Jan
43 Va
43 V*
10
43 y4
Jan
45
13%
/j-f 5%
—
14%
15
1.36
1.49
20c
.
49c
3.45
3.75
11%
20%
30c
14,700
24 y8
24%
24%
7%-
4%
4%
20 y2
20
20%
—1
'r ,y,r;,;;;>"•
1'
'
9%
Jan
Jan
130
Jan
Jan
9%c
Jan
7%
Jan
4
Jan
4%
Jan
2
Jan
4
Jan
37.
Jan
37
Jan
'
19 y2
500
Jan
2iy4
Jan.
29
9,197
Jan
32
Jan
3.10
8,110
2.90
Jan
3.25
445
17
Jan
18
Jan
110
110
65
110
110% 110%
Jan
110%
Jan
110%
10
Jan
111
;
5%
Jan
4%
5
19%
950
4%
Jan
19%
170
19%
Jan
20
Jan
17%
17%
25
17%
Jan
18
Jan
Jan
107
Jan
io5y4105 y4
6.05
105
15
5,353
5.85
Jan
6.50
Jan
6.05
5.85
18%C
17c
20c
18,200
4c
5%c
69c
6,700
90,030
18c 19 %c
14.100
18c
Jan
22c
Jan
Jan
27c
Jan
19%
C
J M
*
,S
57c
5%c Jan
Jan
4c
Jan
Jan
15 %c
69c
Jan
Class B
^.m—
Cotton
Gold
Mascot
Mining
;
footnotes see page 570."
200
1.61
Jan
4,500
8c
Jan
15c
15c
15c
5,100
14c
Jan
19c
42c
45c
15,400
42c
Jan
50 %c
8C
553
7c
Jan
9c
Jan
3c
3c
785
3c
Jan
3c
Jan
78c
83c
22,562
76c
Jan
95c
Jan
17C
24C
146,305
13 %c
Jan
24c
26%
30
Jan
26%
Jan
40 %C
44c
22,183
-
Jan •
109,
;55
55 y4
11%
24%
24%
20%
21
75
25
28
1,605
25-: ,54% Jan
A 11% Jan.
-
'
y4 ■ Jfari
24
68
541
63
10%
39
10
270
5
7%c
8%c
4%c
4c
3,929
13%
Jan
14
Jan
40c
46c
36,700
30c
Jan
46c
Jan
90c
91c
2,800
90c
Jan
1.00
Jan
1.60
17>/ac
43c
—.
1.52
11,150
17 %c 17 %c
500
1.43
10
15'/2c
15c
19c
17c
'pMao
4.000
Jan
Jan
33c
Jan
13%
Jan
15%
Jan
Jan
9c
28c
1.15
1.25
9,769
1.15
Jan
1.25
6.25
5.75
6.25
1,235
5.75
Jan
6.50 Jan
Jan
20
8c
9c
5,000
8c
Jan
9%c Jan
35c
39c
10,300
35c
Jan
4lc
11c
13c
47,900
11 %C
1.32
31c
33c
1.17
2.18
*
31c
35c
-14,400
31c
23c
4,000
21c
Jan
3.30
3.15
3.35
4,175
4.40
4.25
4.40
26c
25c
28c
8,339
9,200
2.10
1.83
2.10
13,435
1,675
17%
18
3.75
3.60
3.80
4oc
48c
■
Jan
57c
16% Jan
B
National Sewer- class
National Steel Car
Negus
Jan
Jah-
New
Jan
8%
Jan.
.
18
60c;
10%
Jan
65c
10
Jan
10% Jaa
16C
6,000
28,416
15c
Jan
17c
Jan
Jan
Jau
Noranda Mines
17c
J.-'-iX '• 3■''
19,044
12,450
4,600.
30c
.
6,200
Jan
94c
80c
95c
466.030
70c
•
15'/2C
14c
16c
.22,400
14c
-
Jan
Jan
Jan
Jan
Normetal
Jan
—;
-
--
—
North Inca
Jan
Northland—
18c
Jan
Northern Canada—
Jan
6c
6c
95c
97c
11,700
85c
Jan
20
7%
17%
56c
19 Ve
7'/2
—
•
*
10%
Jan
395
23%
Jan
25
Jan
23
102%
Jan
103
2,000
6'Ac
Jan
Jan
Jan
7%c Jan
Jan
57
955
54
Jan
57%
16,300
80c
Jan
94c
Jan
68,200
51c
Jan
60c
Jan
18c
Jan
19
Jan
Jan
6%c
Jan
8%c Jan
50
16%
Jan
18%
120
13
Jan.,
220
20
Jan
7%
125
7%
Jan
17%
440
17%
Jan
56c
1,145
55c
Jan
62c
Jan
19%
Jan
21%
Jan
1,060
19%
19%
•
2,185
21
110
150
29
350
2.12
890
-.
21c
1.91
29%
12
%r
8c
9%c
,15c 16c
10c;. 13c,
*- 1.75' 2.02
51V2
54
63c, 71c
■
JC • 8c
1-86 2.05
12c 13C
_28c. 30c
7%c 8%c
74c 74c
•,
'
.
.
t
Jan
Jan
Jan
■
Jan
71% Jan
,
25c
ft
;
Jan
37p.
Jan
19%
Jan
29%
Jan
13
*
Jan
Jan
10
.
—
•
10
Jan
10
Jan
•;
31
Jan
32
Jan
Jan
25
Jan
725
23
v*
31,200
14,600
„
*
Jan
1.45
Jan
37c
Jan
45c
Jan
8c
Jaa
9'/2c
Jan
15c
Jan
17c
Jan
8c
Jan
13c
2.02
1.95 Jan
50
Jan
7c
Jan
•
Jan.
24c
Jan
9c
Jan;
2.05
Jan
15 %c
Jan
Jan
7%c Jan
65c
Jan;
Jan
Jan
83c
.
1.70 Jan
12c
Jan
54
Jan
63c
118,555
200
Jan
12 %c
1.25 Jan
7,800
15*000
1,003
B 4,120
41,500
15,000
12,500
2.25
9%c Jan
A
48,050 i
4,000
9,900
•17,700
Jan
2.12
4,830
2.12
1.25v 1.36
40%C.A 45p,
,
18
100
10
31'24%
-
Jan
,
8%
•69%: ■4&RV;
0!
500
9%c 10 %c
1.97
21
"
11% Jan
—
—
,
Jan*
20
18%
24%
15c
14% Jan
29c, Jan
17% Jan
12
10
31
24
Jan
10.50 Jan
21
29c
10c
1-27
"
9.00 Jan
9,000
15,600
—
1-93
12c
30c,
8c
74c
Jan
18%
9,500
14%
.
17 y2 • l"p'
—
29
53
71c
15c
50
1,500
'
32c
,
Jan
20% "71%
7,0% 21c
£lc 33c
^
j,—
9'/2c
—
10%
91c
9.60
13%
—
*.
-1
60
53c 17 %c
17% c 18%
18 V2 7%c
6%c 18%
16 % >10%
—;
*
-1
Jan
29'%
7c
81c
55c
,
Jan
19%
Jan
57c
57
20
12c
Jan
25
7c
55
—
91c
1
-Li
Jan
28 y2
10%
10'/2
23%
102%
—
>
9c
18%
635
103
29
—
1.00 Jan
7,537
5,000
9c 10%c
18% 29%
19%
29%
10 y2
—^—^.———*••-1—^-1 •
•.
Jan
Jan
6c
700
97c
—1
—
95c
1.40
.
•
Jan
14'/2
Jan
825
6c
—
Malartic Mines
Norseman.
33c
Jan
1.12
Norbenite
Norgold
85
Jan
50
14%
—--i—-u—iU.* '
Nicholson.
Jan
14
85
14%
Yellowknife —————- •
13%c
a
Jan
29c
Nib
1.35
1.04 Jan
10c
Newnorth
80
80
14%
Jau
Jan
3»/2c Jan
-
Nlplsslng Mines
19c
330
.
2.25 Jan
Jan
5,000
10%c
19%
Jan
Jan
3c
12,030
—*
Gold—
Gold Mines
3.95 Jan
51c
;
1.98
-
2.25
—
Jan
'
•
Jan
3%c
1
Marlon
;10c
7%c Jan
3.30 Jan
40c
3c
Calumet Mines
New
19%
Jan
19
Jan
1.98
—•
—
Jan
2.10 Jan
1.85 Jan
17%
2.18
Mines
Bidlamaque
New
4'/4c
19y*JanV
A
Jan
3%C
*
**
*
Mills class:A
3.60 Jan
4.85
28c
4.20 Jan
6,700
.
—-—
'
3.10 Jan
20c
15,387
45c
r
Class
*
Jan
21c
1
—
Jan
Jari
22c
56c
19'A
Montreal Locomotive—————21
Moore1 Corp commoh—i.
.Ufe
-71%
—————
2.61
15,300 ~
35c
Power-
—
'
"
Jan
"30
2.90
10 y4
14y2
Mines.—
"545
31.
2.74'
1
Lac—;
32%
340
33
2.90
—*
5
*
•
•
30
30%
1
——
8,200
•
32%
Jan
33c'
Jan 7;
1.85 Jarr
1.08
39,300
2.25
1.90
32%
*
*
Jan
1.23
7,200 *
1.17
1.10
,
1.40 Jan
Jan 1
29c
"
Jan
Jan
21
Jan
1.30 Jan
3,025
1.40
31c
Jan
17c
Jan
11c
20
160
1.39
—-—*
Modern Tool Works
—*
Monarch Knitting common———100
Jan
29c
150
20
,
20%* 20%
—•
20
—0
*
*
common
Jan
19%
9c
39c
•
—
6.10 Jan
5.50 Jan
1.16
—
50c
1.15
15%
14
15%
——1
J,
Containers new
:8 ;
18
12c
Jan
Jan
18 Vz
.70
11c
26
Jan
Grain—i
16,600
1.35
Jan
9c
Mid and Pac
Jan
1.25
24%
24c
--
National Hosiery
Jan
"
19C
Jan
10,516
4,527
9c
26c
'
—.
27 %c
*
*
Mvlamaque
5%
15%, ^an
1,750
18
52%c
18c
Jan
—
Jan.
Jan
Jan
9%c
*
•
-1
Mines
Porcupine
Jan
16c
86c
0
Preferred
Jan
42c
37,438
8%-
1.33
43c
—*
4c
8
5,000
Jan
common
3,500
18
Jan
Jan
National Grocers common
Jan
19%
42c
70c
Mills
Mid-Continent Oil & Gas
24%
Jan
5%
19%
55c
Jan
40c
Jan
10
16'/8
Jan
34c
37c
Red Lake Gold
Mosher Long
Jan
■ ■
65%
15%
40%c
4,000
—
—
Jan
20% Jan
Jan
Jan
13%
1
♦
—
-
11%
Jan
24%
;Jan
55
370
125
113
Jan
109
'
v30;
109.
11%
Jan
13%
Mercury
Moneta
Jan
36 %C
*
Segur
McMarmac
A
Jan
13%
—•
;—1
Montreal Light, Heat at
55c
25
Jan
1.68
14,700
2,000
Gardens
McWatters
Jan
35c
1
new
1.68
9%c
—
Mclntyre Porcupine
McKenzie Red Lake
18cp Jan
1.22;
1.68
9%c
1
•
•
class A
McDougall
42c !
....pM'pL\
1 *
55C
i
Preferred
Jan
ll'/aC
Jan
48c
44,750
75c
67c
83c
—
'
13c
.—.I-
aJn
Jan
75c
41c
Ltd
Frontenac Oil common
McColl
.1
*
Jan
14%
72c
Eastern
Gold
McCabe
Jan
1
Hasaga Mines
37%
Jan
1
3
1
Preferred
2.99
L32 :
Jan
14 '/8
Martln-McNeely Mines
2.99
1
Harricana Gold Mines
34%
4,700
1-
—:—
Massav-Harris
3.15
il-...—
6,840
14%
40c
Maralgo
Jan
10%
Gold Mines
36%
14%
80c
Candy
Leaf
3.30
58c
35%
14%
41c
Maple Leaf Milling common
40c
.....
'M* irr; Uucu .Gdkf-Minek-
Jan
36% ♦
600
—
Goldfields
Manitoba &
Maple
37c
—»_>
^ P'pyy,,I f-"
30
—
38c
•
Knmi'ton .Bridge
Jan
1
Maofie Red Lake
*
MaoLeod-Cocxsnutt Gold Mines——'
MacMillan (H R)
*
Madsen Red Lake Gold Mines--1
Magnet Consolidated' Gold-—
1
Malartlc Gold Fields
1
Class
1
—-.."....1
Jan
29%
1
Modern
♦.
Halcrow Swayze
42c
45
5.75
Mining Corp
V;': 5
Tlahn - Brass preferred
6,700
30
25%
—
MacDonald Mines
Jan
15%
42c
—
25
Macassa
Jan
47y»c
Jan
Jan
42c
29%
—*
Yellowknife Gold
50c
—
Jan
38
5.50
Lundward Gold Mines
74c
-
82C
Jan
42c!
—
1
i
0
—1
1
—
Louvicourt
Jan
48c
38
Jan
Jan
5.50
Lake Gold Mines
Lac Gold Mines Ltd
Groceterias class A_
LoDlaw
Jan
10
38
40
11
25%
Little Long
37c
68
7,300
38
Jan
Jan
73c
200
76c
24c
37%
10%
75c
-
Jan
Jan
10 y2
13,200
10%
10%
—
13 y2
20c
2,155
22C
40
Llngm*n
60c
common
13%
20c
21c
1
Gold
Lexindln
8,400
28
Jan
13%
;
13%
14%
1
!
Leitch Gold Mines,
22,600
Paper common...
13
—:
"U"
Secord
70c
;;
Jan
20
68C
•
Jan
12%
—1
_=
Lang & Sons
Lapa Cadilac
Lapaska Mines
70c
••
29 y4
4,670
1
Mines
Ltd.
Lamaque
Jan
-
Jan
655
12%
40c
Shore
20c
1,000
60,600.
Jan
29%
12%
— —
Lake Wasa
Jan
27,200
Jan
•
Jan
20c
21
1
1
1
Rowan
Lynx
Jan
Jan
20 y4
110
80c
Fortune
Laura
Jan
Jan
107%
26
Laguerre Gold
Lake
12%
29%
—
Lake Dufault Mines
Lake
Jan
8c
Mining & Exploration.
Labrador
Lake
Jan
12
45c
(John;
jlimdru.
12%
15c
Townsite
Kirkland
13c
v
99
V
Jan
29%
Lake
Kirkland
3,500
*
—50.
21
50c
Kirkland Hudson
62,100
42c
110
43
11%
T25/a
•
—1
Kirkland Golden Gate
20C
13%C 13%C
80
9%c Jan
30
•
Kerr-Addison Gold Mines
23c
3.20
class A_—
12
20%
;1/
X
Metals
11%
215
12
Kenville Gold Mines.
17C
,
Jan
26,400
11%
42c
23c
38c
Jan
13c
Kelwren
20C
4UC
Jan
45
3,480
12c
Co
Kelvlnator
23C
1;
42c
Jan
Kayrand
)**''
....1'
Jan
40
44%
24C
1
^
36c
Consolidated
Quebec
^-^,,,1'
,
13,097
40c
36C
9%c
Joliet
Jan
5
60c
Jan
Jellicoe
Marcus
19 y2
66c
55c
Mines
Jason
Jan
18
110
4y4c
Jan
9%C
23c
Vi-;.;'
;
West
For
Jan
2.90
class A
Highrldge
67
17%
110%
38,700
48c
43%
10
•
Canada ordlnary.5
Mountain
%
"v
—
Gold
■>
Jan
18
1
;Gunnar Gold
Gypsum Lime & Alabustine.
Heva
18%
3.10
V
Pr#»fp-»-ori
Hedley
Jan
5.00
Jan
29
24%
Heath
Jan
29
—100
', :,
^Headway •-w..—
Jan
13 y2
7%
62
_♦
—*
•
Md
-
Jan
7%c Jan
150
37
*
Harker
Jan
25%
8% Jan
.
4,710
4
37
*
•
Mines.
Harding- Carpet
'
3
37
-
.
35c
Jan
.119
245
>•; 4
*
.r.fa*;
—
Jan
12 y2
6,000
"
100
0
—
9c
7%
4%
*
—*
...;
7%c>j
Jan
48C
54c
Waite'
jack
Jan
24 Va
585
V/z
•-
Jan
1.20
28c
-
900
130
" Jan
12
21 '7 Jan
90c
---A———100
A-Lis .1
9
;
Jan
Jan
119
*
Jan
67c
60
Gofaon <vt-Kay'class;*
Hailiwell
303,300
i
Jan
1.06
87,688
90c
71c
11%
Hamilton
1.20
Jan
2.20
7T4.75
Jan
8%
...
Greening
:
Jan
20 y2
9
Goodyear Tire common^.—i._.
>V Preferred ;•...
,
10%
185
28C
——
6c
21
'
Jan
90c
100
Saddlery
Wire
;
Jan
6%c
Jan
"230»
/
57c
Jan
3.30
21
l.li;
Jan
jacxmie
Larder
Jan
5c
1.99
10,500
15,300
31,450
-,125
Goldvue Mines
Great
46c
136,050
2.20
1
*
—
Goldora 1:
Great Lakes
57c
6%c
Jan
24c
Jan
Jan
Golden. Arrow Mines
Grafton
1.30
17c
52 y2
...J-.--:-
'V Class B
19,350
1.99
•
.
Jan
Jan
3,575
s;..--,
t
Jan
1.58
67
Eagle Mines
,
1.62
52 y2
-
,:
'.Jr
20C
30c
t ;
f
Jan
„
64
Gold Mines-
Gold ha w k
T
17c
20%
10Q
rtftlrtr.roai
■
1.50:
71,300
39,600
5%c
1.17
Jan
1.36
*
1.30
1.37
5c
Jan
15
13%
340
1.44
*
Lake-Porcupine Gold
God's Lake Mines
^.
25%
25%
J 4%
Jan
—.
Manltou
Jan
18
common
Yellowknife
Golden
26
1,345
Uler or a
Gold
Jan
18%
S;
■
25%
40
18
Wares common
Gold alp
Jan
18
preferred ;
Gillies
Jan
26
4.20
Exploration
Preferred
Giant
Jan
27
Jan
9
Gold Li...
Steel
14%
Jan
26
6,535
Products Mfg class A
General
•;
Jan
26
290
13
common
»
General Bakeries
13%
945
5.00
preferred——
General
1,545
26'
13
Canada class A
5 V2 %
V
15
.27
26
4.70
Mfg & Aircraft—
Jan
26
*
Federal; Kirkland-AiA-—
Fittings Ltd common
Power
29%
Jan
4.95
—i
yp Preferred;'
Gatineau
Jan
29%
15
25
Nickel
Bissell
21 Va
Jan
*
Famous Players —
Fanny Farmer Candy Shops
Federal Grain common
Preferred
Jan
28 y4
30
*■».,-
Life—
Falconbridge
18 ya
475
15
.,,V
...
Jan
1.34
6,985
1
Gold M,ripa •'f,,
Jan.
30 V*
—-..—A-———20'
•
Jan
108
21%
10%
,
Jan
19%
Jan
16
50
Jan
1.70
84c
Jan
70c
2,350
Jan
65c
Jan
1.30
18
3.60
.."
.
Jan
55c
106% 106%
-
Gold Mines
Frobisher
Jan
Jan
i''.;- • :
Mines:
cf
Jan
1.75
55c
■■•••>.
Francoeur
12c
31
12
2.18
English Electric class A
Ford
Jan
279,600
Sullivan Mines
Fleet
10c
16C
Mines-
'Eastern'
Fleury
250
Jan
«■»«»
East Malartlo
■
10c
12%
•
il
Jan
13 %C
1
'■
Jan
Jan
26
14,350
108 >/2
100
——
Lake
Island
28c
Jan
147/8
5%c
Jan
125
18c
■
'
Jan
8,000
28%
Jan
5c
100
common
International Petroleum
International Uranium Mining
11%
29
14c
—*»
Jan
23c
19
Jan
*
1.05
Jan
125
4,100
East Amphi Mines
,?P* Equitable
100
2.00
-East- Crest
.**
125
1.23
10c
7'
International
30 y2
1.32
Jan
10c
11c
40c
International Nickel Co common
-103
-
1.00 Jan
1.65
.
MineR^-;
Dnvayr Gom
Eldona
10
5,800
70c"
3.15
44 Va
Jan
1.50
Jan
103
103
1.05
16%
Jan
Jan
10%4C
Jan
-/55c
.
35
21
Duquesne Mining Co—
El Sol
Jan
1.30 Jan
575
Stores' "A—
Elder
45c
36c
Jan
58c
25
.AA.~——•
Dominion Tar coihni6hiii.i^.i«i^..U.-.
A; Voting trust; Ctfs
—i.-——
Dominion Woolens A—L——A————•'
Donalda Mines c.——
.
1
class
Steel
Dominion
Eddy. Paper.
12,700
.
Jan
104
Jan
29c.
14,200
9,300
36c
1.40
Jan
30%
81c
Jan
11%
2.75
51c
Jan
Jan
12%
1
50
com
AiAAAA—AA.-——
-
Jan
104
10
104
1.80
0
100
preferred
Dominion
East
16%
30%
17 y2
22
Jan
3,400
7,000
Inglis (John)
:
;
6
Inspiration Mining & Devel
1
International Bronze preferred—...—25
International Coal & Coke
1
1.07
17
Jan
92c
Erie
preferred
Indian
Jan
-
10c
21%c
__25
*
Dominion Scottish Investors
:
17
95
175
Jan
19c
10
......
Foundry
LJiZ
Magnesium .!
Dominion Malting
•
11,100
125
*
preferred
89% Jan
214
1.07
1.02
"
Bank*...——l..;—_
Coal
\
174
97c
55C
Jan
10%
11c
L*
Imperial Bank
Imperial Oil
Imperial Tobacco of
Jan
1.39
.
•
103
*
Dominion
58c
:
•
•
100
Mining
Jan
Jan
1.30
1
1
common
Jan
63c
172
50c
100
4,380
3.00
Jan
-19
•
•18%
180
29c
21
11%
2.80
Cf y
*
-
——
B
&
20%
Jan
1.56
Jan
1.35
4,368
Jan
.
Ltd A
Class
Jan
:J
84
i
21
10%
5y2c
1
-
High
Low
High
3.00
,
1
•
Gold Mines
Bay Mining & Smelting.-
Huron
14c
Dominion
Dominion
300
50c
12 Va
—-
1.90
5,022
l
Dome
Dominion
1.80 Jan
18,100
30%
i;5-v^• "
Mines Ltd
K4f'i
Hunt's
7%
58c
104
Mines.
Seagrams
Preferred
Jan
Jan
6%
400
2.00
Nickei
Diversified
Hugh Malartlc —;
4,962
16%
1
Detta Red Lake'
Dickenson Red Lake
uiocovery
iciiowknlfe
A
Jan
Jan
173
Delnite Mines
Drillers
35c
19
50c
1.06
Class B
Demson
Jan >
84%* 89%
89 y2
class A.,
Leather
22,600
26c
79c
72C
-Trust;——--100
Crowshore Patricia Gold •—i——
il
Cub' Aircraft ——_L—
—..
—*
Davis
Hudson
1.50
18%
Crown
D'Aragon Mines
Davies Petroleum
Howey
Jan
1.90
1.37
Mines'
Crolnor Pershing
Jan
50c
1
Range Since January
Shares
ll3/s
'-p."
Mines—J
—•
—1
1
1
Jan
13%
Jan
;;
sV'--' -j... *.
__1
w M—W—tW —
3.20
Jan
43c
?
28c
1.50
100
;
———
Jan
3,200
2.90
•7%
,
Gold Mines
12%
614
44c
1.90
.
*
—i—v100
—
—
14c
15c
.
7
•
C,i^w«u'uiau(l^
!
Homestead
26c
28 c
o
.
Corrugated Box common
preferred'
Jan
57V2C
tomeiclug
Gas (Toronto)
Yellowknife
14c
79c
<st
tuning
uynsuiiuateu
Homer
Jan
13
Cadillac Mines—
Consolidated Central
Jan
3.20
1
-
75 c
!
Oil
11c
3.00
*
Consolidated Beattie
Home
13c
12%
*
Consolidated Bakeries
Jan
Jan
43c
;»4——,__il
————5
—
60c
75c
14%c
1
——....
Jan
Consolidated Gold
75c
13
,
Conlarum
Hollinger
LOW
*
Hinde & Dauche
Jan
lie
13c
•
Yellowknlfe Mines
Colomac
Jan
4.30
50c
60c
(
3.15
Lake
Coin:
•
———1
*
1
——
,
Oils
Coastal
31c
Jan
75c
*
—
—
Jan
3.80
4.20
53c
60c
1
—
>r.
20c
25C
•
Lake Gold Mines—1
oaestervilie harder
t
20c
3.80
High
for Week
of Prices
Par
>
Low
High
Low
22c
4.10
.Last
Sale Price
STOCKS—
Range Since January 1
Shares
of Prices
Sale Price
I,
for Week
Sales
Range
Friday
Sales
Week's
Friday
34c
;
;
Jan
10c,
Jan
74o
Jan
.Volume 165
•;*i
Number 4563
pP'yffi
t
WW
\
"
\
1
1
J
SYi^L:Y
n
%
,'~i
l'
*
'
,
THE COMMERCIAL & FINANCIAL" CHRONICLE
'
'
I
!
,
.
' "
*
<1
*
'
*
.'
,
CANADIAN
1.1
Last
Range
Sale Price
Star
Oil
Preferred
6%
5
...
5%
230
:Y Y
100
5% Jan
5% Jan
\
of Prices
Rouyn
O'Brien
Gold
Mines
55c
Jan
Sterling
...
1
53c
45c
55c
2.25
1.95
2.35
40.425
1.85
Jan
2.10
Jan
Sturgeon R
Sudbury Contact
1.63
1.55
1.63
124,700
1.30
Jan
1.63
Jan
Sullivan
Okalta Oils
*
45c
44c
45C
2,000
44c
16c
21C
2,600
16c
16c
2,500
16c
Jan
10c
10c
1,500
9c
21c
..
<
'•
Jan
20c
Jan
1
1
Jan
Jan
Cons
Surf
Inlet
Consol
Ontario Steel
Orange
191/4
common
Gold
14c
Orlac Red Lake Mines
Osisko Lake
Osulake
Y
\
5,902
60c
62C
1.91
1.90
2.09
1
58c
55c
58C
4%
,
4% '
Y
Jan
18c
Jan
64c
58c YJah
64,325
*
22%
Jan
14c
19,300
1
Car
62c
191/4 Jan
18% Jan
-
4,600
1.81
55c
3,000
Jan
Jan
65c
,v
Preferred
,
Taylor
■
29c
96c
1.00
Carson
1.00
27
"
l
1.20
30c
47%
47
471/2
170
170
12
12 %
Towagmac
16c
Jan
22c
Jan
Traders Finance preferred
Transcontinental Resources
31
Pamour Porcupine Mines Ltd.
Pandora Cadillac
1.60
1.46
1.60
12,410
16c
13 %C
16c
11,700
11c
Jan
19C
.
-40c
20C
4,000
7,000
17c
Jan
Paramaque Mines
Parbec
lie
Partanen
Malartic
1
4c
Paymaster Cons Mines
—1
53 %c
Pen-Rey Gold Mines—l..
—X
27c
lie ll7/aC
3C
5c
25,245
23c
90,000
Jan
12c
Jan
Twin
Perron Gold Mines
1.23
X
Piccadilly
Pickle Crow Gold
Mines
1.15
13c
lie
1.23
Union
Gas
United
Mining
Corp class B
Jan
13c
10c
Jan
United
,
1.26
Jan
14c
Jan *
!
Co
1
3.15
2.90
3.15
1,856
2.82
Jan
3.25
Jan
Pioneer Gold Mines Of B C—•
1
4.00
3.55
4.00
4,300
3.40
Jan
4.00
Jan
Upper
Porcupine Peninsula
Porcupine Reef
X
33C
38c
25,600
38c
Jan
•
33%
33%
34%
465
Powell Rouyn common
X
1.25
99c
1.25
Jan-
400
.
1.20
22c
Y
Jan
;
1.40 Jan
46
5,000
Jan
21c
20%
48
50
6
6%
Jan
1.05
Jan
Jan
315
9%
9%
755
14,996
2.55
2.40
9.15
15
Jan
10
Jan'
15c
Jan
21C
Jan
20
Jan
21
Jan
46% Jan
48
'
2.60
9.30
Jan
103%
9% Jan
50
47%
5%
YYY 21c
Jan
13%
15,666
"
12% Jah
Jan
1,640
17c
20%
Jan
Jan
175
91c
100
10
Jan
Jari
47%
:
103%
3,100
9%
Jan
18c
•
5
98c
30c
Jan
12
375
Y
Jan
170
17 /
9%
X
>
Jan
Y"55c
48
»
Canada
60c
Jan
21c
25
Steel
Jan
43c
20%
50
3.65 Jan
,!;■
45c
14%: '14%
10
l
» Y
:
Ventures, Ltd
Powell River
14 >/2
Jan
12 %' Jan
6,800
21c
92c
Jan
6%
'■
20c
98c
Jan'
"
54
Jan
Jan
28
Y";,
J ah
23,200
;>■
103% 103%
*
United Fuel class "A"
Class B
29c
Y\--Y..L'
f
100
*
Union
56c
Jan
1.14
7,400
3,400 :
Yr:v;-.':.
common
Jan
Jan
22c
J '
*
Jan
50c
"
100
.
City
"
27c
Trust.
5%c Jan
3cJan
3,000
50c 53 %C
10c
r
General
•'/
5,800
12
3.30
,290
170
Jan
165
•
5,330
1.70
84c
33
:l75'r;
25c
Jan
88C
31
31
121/4
1.20
Toronto Iron class A
85C
*
Jan
..
Toronto
1
Jan
29c
Jan
Petroleum
Page Hersey
Jan
6%
50c
Jan
Pacific
/
1.00 Jah
26%
490
95c
Jan
Jan
•53%
44c
Jan'
30c
82c
25
45c
331/2
50c
Jan'
2.75
40
50c
Jan
Jan
3,100
3,100
;
:
Jah*
2.75
Jan
330
47o
Jan
10c
>
Jan
2.25
28
3.45
Jan
6c
63C
23c
6%
3.30
.....—.....^.....^...x
Tombiil ■ i
L.
Toronto Elevators
5,666
59c
24c
Jan
53%
3.45
Jan
7c
60c
Jan
Jan
2.25
12
.
«
Jan
6%C
1
.
23c
6%
8c
6c
Eastern
Jan
53%
-
64c
*
Pacific
Jan5
10
8 Vic
3,000
_._l
...
2.20
Jan
27
*
com
Teck-Hughes Gold Mines
Thompson-Lund Mark Gold MinesMines
Jan
15,203
.
yj,;
2.02
24,800
#
YY
r/TirV Htah
'
10
16,813 :
2.50
Tobum
Pacalta
10c
2.50
23c
—--.L.—-.__...__^^50"
&
22,955 •
2.25
I_
'*
'
i
Preferred;-mr>
Thurbois
,2.000
2,000
Low
•U-
50o
common
Pearson
24c
2.35
Jan
4% Jan
4% Jan
100
Jan
2.26
Jan
•
4%
Gold
.....
19%. Jan
10
16c
1
Mines
Ottawa
22%
14c
22%
Mines
19%
201/2
...
Crush
Orenada
l
River
Tamblyn (G)
110
9C
!
Sylvanite Gold Mines
Taku
10
24c
Mines.
Jan
lie
Jan
16c
48c
Jan
20c
*
.
Omega Gold Mines
Omnitrans Exploration
222,000
2.15
10
240
Coal
1
Mines
Ogama-Rockland
O'Leary
Jan
40c
Range Since January 1
High
2.02
•
Norzone
Shares
Low
6% • Jatt';
6'/e Jan
•
Sales
for Week
Range
.
High
Low
6%
Week's
Last
Sale Price
Range Since J muary
High
5%
5%
♦
cpmmon
Friday
Shares
of Prices
Low
North
24
;'Sales :;
for Week
Week's
Friday
STOCKS—
MARKETS
LISTED
BANQE FOB WEEK ENDING JANUARY
<
£
5%
9.50
■'
Jan
9
a
Jan
Jan
6%
2.37 Jan
Jan
9%
U
'/
f
Jan
Jan
2.65
.
X
Gold
Premier
40C
40C
40c
96c
1.25
1
1.30
1.25
1.30
100
54
50
54
.
Jan
41c
Jan
Jan
341/2
Jan
Jan
1.25
Jan
Virginia
71c
Jan
1.25
Jan
1.40
Jan
1.23
Jan
54
49% Jan
Jan
Viceroy Mfg
Metals
X
10%
10%
10%
20
9%
Jan
10%
X
1.81
1.67
1.81
1.65
Jan
1.92
*
14
X
15C
9
■>
14
15c
18c
9,000
10
13
13%
300
-—40
Preferred
14
13,270
250
4.70
4.95
13,273
247/8
241/4
24%
10,533
55
55
15
54% Jan.
1.00
1.10
23,900
1.00 Jan
14
Jan
Wekusko
Jan
20c
Jan
West Malartic
13
Jan
131/4
Jan
Westeel
55
Jan
_
Consolidated
X
Queenston Gold Mines
94c
1.00
8,500
90c
Jan
1.14
Jan
19%
20%
5,444
18% Jan
21%
Jan
Wftfttofta T.tri
7%
7%
758
7%
Jan
1.50
1.50
1,000
63C
66,100
X
X
1
*
Reno
1
2.25
«...
Cotton,
Gold Mine
36c
40c
1,000
11c
Jan
8,700
36c
2.25
10
Jan
210
34
50
40
Jan';
47c
Jan
40
III/4C Jan
MM
49%
49%
14
80
10c
10c
500
-l
47c
38C
47C
71,420
75c
73c
78c
21,100
24
24
24%
1,245
16
15%
16
240
40c
43c
12%
12%
20,500
1,000
*
41c
12%
35
Jah
"P' 42
% Jan
49% Jan
20
14
10c
14
Jan
491/4 Jan
14HJan
Jan
'
r
9%c Jan
35c
Jan'
-Jan
10c
47c';Jan
49c
Jan
24
Jan
25
16
Jan
40c
Jan
57c
Jan
12%
10%
11
3,775
9%
Jan
11
39
320
36%
Jan
39
1,050
4.10
Jan
4.10 1
4.25
7c
500
7c
Jan
10c
25C
13,000
19c
Jan
25c
14,800
50c
Jan
180
23%
Jan
Gold
Mines
23%
24%
35C
35C
38c
10,600
•
13%
13%
13%
435
50c
new
1.55
1.50
1.65
19,650
1
•
common
V T C
Sigma Mines
Silknit Ltd preferred
1
40
Miller
X
Silverwood class A
*
Class B
64c
31c
Jan
43c
Jdn
13 %
Jan
13%
Jan
1.30 Jan
1.65
Jan
2.55
2.34
2.68
213,978
2.06
Jan
2.68
Jan
13%
13%
13%
305
13%
Jan
13%
Jan
13%
13%
215
12%
Jan
13%
Jan
9.25
8.75
9.25
500
8.70
Jan
9.25
Jan
39
39
15
39
Jan
43c
42c
45c
5,700
42c
Jan
MM
12
12
2,720
915
11% Jan
6% Jan
MM
,39
Jan
47c
Jan
12
Jan
8
8
8%
*
31%
130
32
Jan
26%
31%
26%
32
*
class A
Preferred
28%
440
26% Jan
28%
Jan
105 105%
110
1041/4 Jan
1051%
Jan
100
MM
31
8%
1
60c
56c
61c
18,485
48c
Jan
61c
Jan
1
47c
41 %C
47c
16,100
41 %c
Jan
50c
Jan
Southam
Co
—*
*
Stadacona Mines
Standard Chemical preferred
Standard
Paving
•
common
Preferred
100
.....
Stanley Brock class B
*
*
18%
18
18%
60
1.17
1.10
1.25
22,400
97c
Jan
72%c
Springer Sturgeon
70c
78c
525
70c
Jan
102
102
110
8%
890
6% Jan
7%
Jan
20%
7%
625
19% Jan
20%
Jan
MM
MM
7%
pmtm
20
—
7
249
17% Jan
102
X
Stedman Bros
*
17
17
10
80
81
150
80
common..
Preferred
Steeloy Mining Corp
«
25
..
18c
88
1.00
40,350
89%
90
18c 18 %c
7,500
88
Jan
Jan
1.06
19
Jan Y'
17%c Jah
Jan
7% Jan
Jan
.
Jan
102
Jan
88c
Jan
1.25
Jan
17
*
'Steel Co of Canada
88c
18%
78c
Jan
7
Starratt Olson Co
97c
4,300
22o
Jan
17c
Jan
115
29
125
28
30
36
290
108/
15C
Jan
Jan
24%
Jan
29
Jan
Jan
Jan
36
Jan
Jan
.
38
Jan
28
30
Jan
105
Jan
14%c
Jan
15c
Jan
35
109,900
Jan
108
Jan
18c
Jan
39c
.
Jan
697
25
"
150
'5,600
40
Wright Hargreaves Mines..—
3.35
11,325
Vl.
Ymir Yankee
36%
16,500
20C
"
Jah
36
*
80
14%C 15 %c
5
Yellorex
'
25
29%
99
1
...
25C
23C.
23% Jan
ii
...100
—
Wool Combing
1,500
1,700
•*
Knitting common
115
BONDS—
Uchi
6s
37
Toronto Slock
Y
37
$1,000
Exchange-Curb Section
Canadian rands
Friday
.
STOCKS
■>
y
81;
Jan
.Jan
^
Jan
,89% Jan
21 %c
J()
Li
National
Jan
*'*.
Asbestos Corp
J
•
British Columbia Pulp preferred..—100
Brown Co common
x
Preferred
;
Canadian
Industries
Preferred
Canadian
Canadian
Canadian
13
Shares
.4%
;,28
28%
161
_.
100
.V 4%
47/a
1,110
82
285
5-
15%
Jan
20%
Jan
21%
Jan
23%
150
20
Jan *
23%
Jan
188
2%
27
28
141
141
141
50
3%
3%
5,930
5
188
84
Jan
16
Jan
Jan
188
Jan
'
3%
43
43
2.40
26*
18%
17%
18%
-"32
32
32%
*
33c
32c
33c
7,012
.
150
3
'
Jan
32
Jan
152
Jan
Jan
43
:Jan
1.90
5,988
>
•
Jah
3%
750
Jan
Jan
138
25
2.35
..
2%
280
*
...
'■.
200
<
*
Oil
Jan
25
188
*
Consolidated Paper
Press class A
5%
45
2%
5
Consolidated
Jan
Jan
15%
a
Lumber
4% Jan
77% Jan
v
Jah
28%
167
21%
100
Western
Jan
14
79%
15%
27
..
*
Westinghouse
*' Jan
.
*Wgh2
■■■
20%
*
common
27
160
220
a
^ Jan
23
*
Marconi
Vickers
13
100
!:
Range for Yeir i946
;
J^low
:
High
161
82
common
:
for Wesfc
13
28%
*
Copper
Dalhousie
Low
15%
Sugar
Preferred
Coast
>'
5
Dominion
&
Sales
i
Rang*
of Prices
"it
'
100
Bulolo Gold
Canada
Week's
Last
..Salt Price
.•
Par ?
Andian
Canadian
Jan
Siscoe Gold Mines
Mines
*
Jan
Sladen
Malartic
common—
Jan
25% Jan
*
Class B
Winnipeg Electric
Jan
58c
13%
Sick's Brew
190
Jan
22c
52%c
•
Winnipeg Brewery class A
15c
X
Jan
7c
.X
Sherritt-Gordon
4.50
58C
7c
12,300
24'
106
1
Jan
23c
Bheep Creek
100
Larder
Jan
36%
4.25
held.)
19c
36%
VY -V.'V,6/.'' "V;-L
->v
/ 29
29
Jan
one
36
•
r
Wiltsey-Coghlan Mines
Jan
X
—
;:
26
Jan
12
11
1
Jan
;
Jan
Jan
1.03
38
—
Ltd
•
Winchester
York
of
25c
36%
100
V '
■
|
Preferred
4.95
'
4.40 Jan
24
Jan
14% Jan
X
Mines
*
i»nwiTwny>
Winora
Jan
Jan
28%
•
New preferred
:
two
Jan
Jan
•
Shawinigan
Simpson's
11%C11%C
Jan
50
Sand River Gold
Shawkey
9% Jan
34%
—1
Ban Antonio Gold Mines Ltd
Senator Rouyn
69c
2.20 Jan
110
40
common
A-—
Sannorm
725
10
•
St Lawrence Corp common
Class
2.25
9%
34
Co
Russell Industries new
1.50 Jan
Jan
40
*
X.
Royal Bans
Royalite Oil
Rush Lake
Jan
2.25
10
*
Oils
1.30
55c
34
——
Rouyn Merger Gold Mines,....
Roxana
36c
57C
Jan
*
*
Roche Long Lac
Silver
MM
60c
7%
_*
common-.-
Preferred
Shea's
MM
MM
Richmac
class A—
com
-Preferred
Renabie
Tex
new
Jan
22c.
25%
Jan
23%
class A.
1.00
Regcourt Gold
Robinson
New
20J/a
Reeves Macdonald
Robertson
Jan
*
—
*
Riverside Silk
1.20
basis
17c
Products
1
Quemont Mining
Milk
Quinte
Renfrew
1.03
each
9
Jan
Min¬
22 %c
;
Western Grocers
Quebec Manitou
23c
the
Jan
25
(Exchanged for Lake Wasa
on
10
18o Y Jan
25%
' 4.90
Mines
share for
Jan
9
y
ing Corp.
13%
9
18c 19%c
25%
•
Gold
15c
9.10 Jan
•
Walker-G & W
Lake
lie
l
25
Jan
Proprietary Mines
Purdy Mica
Purity Flour common
*
...
preferred
Jan
Preston East Dome
...
Dare
Waite-Amulet Mines, Ltd
Wasa
Pressed
•
Vicour Mines
83c
32
-
Jan
33%
37c
3,500
1.25
Trust
27c
49,900
20,200
9,500
Voting trust certificates
Premier
38c
17%
Jan
Jan
3%
47
2.40
19%
Jan
Jan,
Jah
Jan
30
Jan
32%
Jah
32c
1
»r
Jan
37c
Jan
20
Jan
34
Jan
deHavilland common .J—
*
20
15
20
115
13%
Jan
Dominion Bridge
Dominion Textile
*
34
33
34
45
32%
Jan
0
—
94
95%
25
92
Jan
95% Jan
17%
17%
25
17% Jan
18% Jan
2,300
common
Donnaconna Paper
—•
—
Foothills Oil & Gas
•
Hayes Steel
Paper common
Minnesota & Ontario Paper
„
i.
2.20
23%
23%
23%
25
23%
Jan
24
*
,
2.05
♦
T
International
49%
48%
50%
5,685
48
Jan
55'/4 Jan
*
17%
17%
17%
3,825
XT:
Jan*
19
Jan
28
Jan
Ogilvie Flour common..,
Pend
Oreille
—^
/
——•
Petroleum ordinary
Temiskaming
—
1
...
Southmount Investment
Supertest
..
——i
28
3.00...
..*
24o
-'Y
28
3.25
10c
24c
25c
48%
• ?
1
28
3.00
48%
10c
12c
-
1.90 Jan
,100
28
2.95
1,975
325
20-
6,505
23c
■
,Jan
Jan
Jan
;47%f(?JahY*
10c
Jan
2.25 Jan
Jan
3.40 Jan
25c
■H8%
12c
Jan
Jan
Jan
THE COMMERCIAL
Monday, January 27, 1947
& FINANCIAL CHRONICLE
OVER-THE-COUNTER MARKETS
Quotations for Friday, Jan. 24
Investing Companies
Aeronautical
4.56
4.99
34
. 36
American Business Shares
1
4.01 ' 4.39
American Foreign Investing-10c
.
8.89
9,65.
A^sor'ted Standard Oil shares—
71/2
8'A
Axe-Houghton Fund Inc.
7.56
8.17
Axe-Houghton Fund. B—-—15-69
* 17.05
Beneficial Corp..——1 .
5%
6%
Blair & Co
1 '
4%
5%
dond lnv Tr of
America
99.77 103.93
Boston Fund InC—.8
20.58
22.18
Broad Street Invest Co Ino——
17.58
19.01
Bullock Fund Ltd
1
18.06
19.79
K-a
Series
8-3
Series
8-4
\ '.< <
'
Fund^..—24.89
26.62
8tOCk Fund
;
•
1
15.21
16.27
Fidelity Fund Ino*
—' - 23.98
25.82
Financial Industrial Fund, Inc
1.96
2.15
First Boston COrp—*40' • 39 Vtj
42 %
First Mutual Trust Fund——B ...
5.66
6.30
Fundamental Investors Inc
2
13.88 ,15.21
Fundamental Trust shares A
2
5.75
6.63
General Capital Cbrp..
—•
42.69
45.90
General Investors Trust—
.1
5.69
6.10
Investors
Trust
Mass
Investors
2d
Mutual
•;
National Security
*
income
Stock series
.————
Administered shares;—
'7.72
General bond shares—
Industrial Machinery shares—
Institutional bond shares——
8.21
investing
8.15
7.21
shares
Fully
v
*
S*
.
10.19
5.57
Electrical Equipment
Food
—
————-
.—
5.34
shares———*
6.53
7.18
m Railroad Bond shares
RR Equipment shares——
Railroad stock shares——
2.73
3.02
4.59
4.66
5.19 *
5.06
9.22
shares
Mining shares
Petroleum
,
1
5.13
8.71
4.71 ; 5.19
milltv shares—,.—'. 5.(3
6,31
Huron Holding Corp^^-^^i
65q
§0c
/v"'■ Bteei
.V—"
Tobacco shares—,^*———
shares—
.
Foundation Fund Ino
10C
Income
.i-.lr1
investors*—.—5
22.95
Common
Securities Ltd—
Institutional
Insurance Group
10.88
97c
88c.
27.83
14.22
15.58
13,76
14.06
Guatf/ilaft
30.25
Fund*—
—28.10
29.45
' ■)
■
25.58
28.03
17.26 >18.94
Series
r
B-l—
SerifB
P-7'
' i
■
B-3—, •:r;/;;,,ll:,,ii,,ln
•Series
Series
H-4-
-
———-
Equipment
Business
—
10.40
9.49
" n -
■
Fund..
Electrical equipment——.
Machinery
Merchandising
...
Oils
Public Utility
Railroad
Tobacco
Putnam
...1
1
10c
Pomeroy
Sovereign
Investors———.——2
Merch ft Mfrs
*
30'A
16%
National
;
-
22%
North
•
18%
73
Northern
•
Federal
20
Fidelity A Deposit pf MA
Franklin
|
Fire___^
Gibraltar Fire &
Union
Fund B—.
Preferred Stock Fund—
Wellington
Unit Type
-
1
Fund
31%
27%
preferred
Security New Haven
Springfield Fire ft Marine
Staudard Accident
15
IB
25%
107%
Trust
50
Federation Bank A Trust—.10
Fiduciary Trust
—10
First National Bank
-100
Empire
'■
D
38
—
2.80
..
................... ■
Independence Trust Shares..
Trust shares—
Series 1955
Series 1956
1960
1976
1976
1970
American Airlines 3s
-
U S El Lt A Pwr Shares
A~
Calif Elec Power 3s
El
Electric 2%S—
Paso
....
1961
•*M*M»«.a.«w*100
Power 2%fl-——1975
Ohio Public Service 2%s
1976
200
294
Pennsylvania Electric 2%s
1976L
Philadelphia El Co 2%$
1981
Philadelphia El Pow 2%s__1975
Pgh Bessemer ft L E 2%s__1996
Portland Gas ft Coke, 3%s_1976
Public Serv
National City Bauk»wevwrow12 Va
Trust..*.*———r25
Public Nat'l Bank A Trust-17%
,—25
Sterling National
Title Guarantee A Trust
,
254
41 %
98
—12
103%
.
2%s
Montana
180
103
(Okla) 2%S—1975
.
99
105
102
105
98
105
..
Tenn Gas A
102%
A Light 2%s.l975
102%
—1976
Yonkers El Lt A Pow 2%s._1976
99%
105%
103 .
105%
101%
f
Preferred Stocks—
v
100%
Pat
Monongahela Power 4.40*—100
Ohio Public Service 8.90%
108%
110
101
102
Electric 3.70%—
Philadelphia Elec 3.80%—.
Public Serv (Ind)
3.50%
102% .104
103%
104%
.95% *..-,97 ,
Ruppert (Jacob) 4%%
..100 104
106
3crAnton Electric 3.85%——03
" 95
Scranton Spring Brook 4.10%
101
103 '
Union Oil
(CaH #3.75—1
*
102 V* "103%
Pennsylvania
.107%.
103%
103
Transm 2%s—1966
Power
Utah Pow A Lt 2%s.
105%
102%
103
101%
Texas
,
106%
102"%
Bid
Scranton-Spg Brook 2%8—1976
A El 2%s
1975
81oux City Gas
82%
105%
103%
104%
81
105%
1976
—
1976
2%s
1976
3%s_1980
Laclede Gas Lt 3%8—
1965
Monongahela Power 3s.
1975
Bid
-100
United ata-tftif TriiBt
Par
Ask
Bid
Par
Bonds-—
—
New York
22
38
1,595
Westchester Fire—,
18.12
Morgan (J P) A Co Inc—100
42%
17%
58
90
4
10
U 8 Guarantee
8.53
21.05
Irving Trust „——
10
17%
Kings County Trust—-_^w_100 1,770
Lawyers Trust
25
49
Manufacturers Trust Co—20
55%
37%
42 %
Co..2
U 8 Fire
Hartford Steamboller Inspect..lQ
North Amer
Guaranty Trust
100%
..100
U S Fidelity A Guaranty
10
Fire
28
10
Travelers
28%
—10
■
——
12%
10
—.10
18j/2
50%
8%
21%
88
8 "
Great American
_10
;
Diversified Trustee Shares—
Grace National
132.
Seaboard Surety
Fire...
Trusted-
Fulton Trust
365 ,
42 %
—10
Brooklyn Trust
100
Central Hanover Bank ATrust 20
Chase National Bank
15
Chemical Bank & Trust
.-10.
Commercial National Bank A
Trust Co
20
Continental Bank A Trust—10
Corn Exchange Bank & Trust-20
St Paul Fire A Marine..
2
—10
(Texas)
(Paul)
*
Bid
—
Revere
10
u
Globe & Rutgers Fire com
Hartford
Republic
6
Globe ft Republic
Hanover
Reinsurance Corp (NY)
22'A
.10
J
Marine
Glens Falls Fire.,;
2nd
8
10
;
13%
-
8
General Reinsurance Corp..
10
Preferred Accident
Providence-Washington
58 '
10
;..8
Newark..
of
Firemen's
..—10
*
95%
j,_10
Fire Assn of Phlla..
Fireman's Fd of San Fran
Phoenix
"
Par
York—.—;—100
28
Indemnity Co
152
Kans Okla & Gulf Ry
Manhattan Co...tO
—12.50
t
Fire
51
-
Kansas City P & L
of New
2.50
———8
28%
65%
•
10
;
Iowa Pub Serv
Bankers Trust
8
...
Pacific
28 %
10
.—.10
I Ire—
51
Employees Group
—•
Employers Reinsurance
:.10
2%s
Bank
River
—S
—
Northeastern
Illinois Power Co 2%B—
Bank of the
New Hampshire
New York Fire
''
:._8
..10
Gatineau Power 88—
Far
New Brunswick.
|
—10
20
New Amsterdam Casualty
.10
;
;!
10
60%
•
4
National Liberty..
National Union Fire
5%
ft-
(Detroit) ..10
Casualty
National Fire
59
35 '
•.
"
Fire N Y
Pacific
Utilities
lOe
State Street Investment Corp—,
Trusteed Industry Shares—
250
Union Bond Fund series A—
22.53
Series ■ B—™
„
19.31
"Series C;—6.60
Standard
Massacnusetts Bonding
Merchant Fire a»hh»
19
16'A
; 67%
Crum & Forster Inc
102.65
11.37
6.58
81c
43.50
79c
2 ft
Selected Amer Shares
10%
.•
u
Continental Casualty
2%
Scudder, Stevens A Clark
-Fund, Inc
———•
28
City of New York..
;
Connecticut General Life
3.49
Republlo Invest Fund
3choellkopf Hutton and
/
.
1
Convertible preferred A..——.
11%
.10
Camden Fire
20
15.39
—
32Vi
.28
.—.—10
Boston
11.52
-—
Trading
(Geo) Fund
A
Petroleum
Surety..
Bankers & Shippers
8.05
———....
—
Maryland Casualty common
Prior preferred
Baltimore American..—.....2%
7.77
Steel
'
American
5.51
m0P9~
Railroad equipment
Reserve
Automobile
——9.80
—...
10.04
10.64
8.44
11.96
6.44
stock
-Insurance
Jersey Insurance of N T
20
0%
3.10
10
Re-Insurance.
American
11.61
11.88
8.20
Diversified Speculative—
Metals
American
——9.74
Chemical
20
72 '
———Jjj
Casualty-B
American Fidelity A
American of Newark
7.03
8.38
10.53
9.51
12.38
——
stock
Bank
1.10
99c
shares—
Management Fund Inq.l
fceystone
Aviation
Casualty1—...
Amerloan Equitable
9.63
Building supply
Automobile^
American
15.18
....
Union Common Stock
Investment Co
Invest
'
£. ■
1.77
Stock and Bond Group shares.
if America—..16
■0
■
•
9.92
Bank Group .shares———,
:
■
'24.68
'
:
shares
Aviation Group
;
•
1.72 '
—
incorporated
Automobile
-
6.13
7.08
9.99 •
Price Shares————
Merchandise
1
Fund—
Stocks Ino—
Agriculture
g
10
6f North America...10
10
—4
—B
Alliance—
American
5.70
Insur Co
;
•——
Homestead, Fire
.25
—
American
3.63
New England
8.49
9.02
7.79
10.49
8.96
7.93
,10.13
5.88
Low
,
,
—
—
Home
45
mmmm
Agricultural
8.11
3.95
Par
.
82
52 %
—
6.93
4.00
—
"
.mm
New York
7.23
6.65
9.67
7.58
11.19
6.57
6.04
Building shares—8.80
Chemical shares———
6.89
$
priced bond series
Speculative series
7.84
7.13
„
—-
Selected series
■
/ ■■,„•*)*«+.■.
shares'—
Aviation
series
stock
*
.
Companies
Bid
Par ,
Aetna Casual & Surety
10
Aetna
MMm—m+mm. 10
Aetna Life
10 '
7.06
4.89
6,96
—
Diversified Investment
shares———
Automobile shares—
—
Agricultural
\
10.26
Low priced stock common—..
Preferred stock series
'
GMup Securities—
Insurance
14.15
1
series
Industrial
Low
14.05
Series—
series——
Bond
25.55
11.30
—
National Investors Corp
- -
..
Inc
7.98
'
Securities—
shares
Balanced
,,
■
Fund
Fund
Invest
Nation-Wide
Balanced
,
101.43
47.24
lOe
1
1
10
Common
Mass
'
"
5.44
Fund
•
Fund—10
Manhattan Bond Fund Ino—
.
Howard— -
4.76
—.
Fund
Loomis Sayles Mutual
Loomis Sayles Second
9.05
11.94
..
Knickerbocker
30.36
14.31
26.41
'' 14.72
w-a
;
&
^21.75
■
•
-
Series
32.65
15.48
Christiana Securities com—100 2,840
2,940
preferred-^.—^.—^*—(100 ' 149
3^54 ■
Commonwealth InVestA..——1
5-83
6.34
Delaware 'Fund-...—,—V
16.12 -,ll43
DlvidendShareS——lbs* Ml " 1*82
Eaton
•
ftarloa fl.1
.
4.38
Canadian lnv Fund Ltd——..1
Century Shares Trust—
Chemical Fund
,
—1
-
K-l
Series
InC——lv<
Corp—.——10
Holding
"(Cont.j
19.21
Series
5'Sn
Securities.*. ■...
Affiliated Fund
Amerex
Bid
viA Par
.
Keystone Custodian Funds
Funds-—
Mutual
"A
/
^
Ask
Bid
Par
'
102'
103
103% * 164%
102%
103%
100% ' 100%
100%.
101%,
102%
103%
Westingl\ouse Elec 3.80%.
Willys Overland 4%%—
102%
55% 'J
io25/«
56%
43%
68
15%
■
United Slates Treasury Bills
Bate#
Obligations Of Governmenfal Agencies
federal Land Bank
l%s Apr. 15,
Panama Canal 3s—
,
Feb. I?, 1947-j.;
Feb. 20, 1947—
/
Feb.
11
27,
Mar.
1947.
1947...
6,
1, 1955-1953
point represent one or more
figures after deolmal
>/
Feb.
1§48—
Other /fines
fer4i*countpmrc^aaa
30, 1947—,
6, 1947—
Jan.
Federal Home Loan Banks—
Bonds—
1, 1950-1948—i
l%s May 1, 1952-1950
1 VAsJan.l, 1953-1951
1%8 Oct
2%s Feb.
Tl*MTirv WD*—
quoted are
Int.Hate
Matnrfty—
1%%
(March 15, 1947.
A«k
100.2
100.14
100.9
100.28
Bid
100.1
(Sept.
15,
1947J.
if
100.13
t8ept
15.
1947_
1%%
100.8
(Sept.
15, 1948-.
100,27
1%%
'
•
'
'
'
'
•
'
■
'
32ds of a point
a
Maturity—
DollarPrlee 100Ploa
Certificates of Indebtedness—f
Bid
Ask
t%s Feb. 1, 1947
*%S March 1, 1947
fVsS April 1, 1947
t%8 June 1. 1947
—,
—
;
tVsB July 1, 1947———
t%S Aug. 1, 1947
t%S Sept. 1, 1947
t%S Oct. 1, 1947
t%s Nov. 1, 1947——
t%S Dec. 1, 1947
t%s Jarv 1. 1948
t%s Feb. 1, 1948 wi
100
.0175
.0286
.0230
.0356
.0275
.0360
.0332
.0248
.0287
.0251
.0283
.0225
.0434
.0367
.0422
,0403
.0451
.0409
.0143
.0344
.0253
—
Odd
lot
sale
(not included in year's range).
bBid yield price.- d Deferred delivery sales
In year's range), e Ex-interest, f Flat price, k Removed to Stock Exchange, rCash
(not Included In year's range). tEx stock dividend. (Un) Unlisted issue. , w d When delivered.,
(not included
sales
wi When
issued,
x
Ex-dividend, y Ex-rights,
"r
.0321
•No
dividend.
par
value,
tin default,
(These bonds-are subject to all Federal taxes,
HEx-liquldatlng ^4
»H?VKW^^-ii: ^N^hv/^v^i (fjifri$iii***K'<
Volume! 1 SiPNuinBet' wt
Week
THE COURSE OE BANK CLEARINGS
,
Bank
clearings this week will
!Preliminairy figures cdttijiile^ by
us;
show
an
Ijased-
increase^ compared with
a
Third
ago.
year
total
stands
at
Chester
same
:
•
loss for the week
summary for the week follows:
Wilkes-Barre
.
ended
Friday of 1.3%.
Our comparative
<
.Chicago
686,000,000
r—
—
392,748,068
~
Fourth
1.3
—
569,000,000
Ohio—Canton
r
•
+20.6' ::'
^325,823,078
+20.5
211,637,243
Cincinnati
172,400,000
+ 50.6
310,997,000
Pittsburgh
282,464,000
f
+10.1
207,650,557
-
Baltimore
...
189,553,485
+
218,982,511
181,760,604
cities, five days
;
135,550,628
Other cities, five days.
;
;
'
ends
!
Total
i*u
.—***^.*'
.*..**
.
'.
.ended Jan.
Federal
,
+
5.1
+
7.8
Reserve
District—Richmond-
the foregoing will appear
today, in
as
much
Nashville
statement, however, which
we present further below,
complete results of the weeks previous—the week
Philadelphia Reserve District of 30.0%.
trict the totals
a
Michigan—Ann
»
Lansing
'4 91(
Haute.—.
Wisconsin—Milwaukee
Jan.
— m
expansion of 22.7%, in the Dallas Reserve District of 51.1% and in
18—
Rockford
Federal Reserve Districts:
Boston
3d
6th
Richmond
7,181,944,259
8,123,168,640
"
1,031,295,970
793,429,643
+30.0'
"
641,936,750
327,941,052
6
Atlanta
" '
"
534,052,364
789,349,595
396,608.330
}
653,96l;442
+23.0
654,238,028-
604,623,463
+20.9i
294,453,062
:266,832,881
515,190,985
421,422,824
+22.3
418,785,382
M
970,445,251
803,550,573
+20.8
688,858,532
"
468,192,173
370.536,300
+ 26.4
350,396,004
319,669,539
+
7
"
City——— 10
"
453,236,604
6-
"
246,468,550
—
iitb Dallas
Francisco
10
"
369.323,581
580,656,406
6,713,730,964
Outside New York City
I
:
„
We
now
add
our
13,448,763,964
5,548,758,356
detailed statement
1.3?
+
519,639,194
•
-
4,914,120,247
South
Dakota—Aberdeen*
Montana—Billings
•'
,
-
;
.
Total
city for the
Week
•
1947
I^CIekrings at—
Ended
,
1946
-
.
Inc.
Jan.
$
;
$;
,
1,083,454
-
River—
'^Lowell-—-:
New
—
451,853,976
455,536,693
1;986,850
1,458,203
897,038
701,650
+27.8
---—-A——
——i
—
Bedford.
f
3,796,766
0.8
387,068,625
360,4il,809
+36.3
1,117,520
530,347
,
Islkn<^Prftvidencea*i^^
-
4,822,347
4/712,329'
3,522,540
2,669,049?
6.6
15,493,701
12,305,898
8,535,376
-
;^tal (12 clties)^**..,^^^ •': h'
27;634;0b*ff--
l;i68;754
',
545,159,612'
899,805*
534,052,364:
+
;
'
419.&V
+
>■?
•
2.V
24,69$,091
+ 59.8
1,-372,793
+
7?900,005,606
9,t3
—12.5
,l]68l;560'
6,663,075,835
+23.3
'
5.3?
14,740,842
+
0.4^''
«
35,353,915
+ €9.6
45,409,427
+'18.0
8,123,168,640
—11.6
641,2i8
419;3I3,814^
2,452,569
1,643,318
,
^
(
73,200)000
1,162,112
-
1;346,J719"
5.578,895,051 <
12,318,330
7,835,752
7/959,0405
7,692,567'
530fr9lr
,
•
531,539'
26,720,849
29,098,475
40,951,882"
45,3'88;6*89'
6,842,714,915
+54.4
J ^.:2,109,617
+53;5
6,380,412
3,115,1848' +48.9
2,297,425;« +47;8
.
2,074,237
1,955,348
A
,
-r j),
„
618,76ff;970r
244,301
129,451
92,511
1,92:
214,700,000'
88,836,064
,+ 13.8
+45.7
65,802,062
+40.6
1,198,174
+60.4
370,536,300
+26.4
5,830,602
237,569,142
85,305,132
'
4,074,-773
155,499,568
49,524,610
6,363,916
3,747,028
3,059,345
'
:
+6,98:
1,87
1,52
——
Total (10 cities)——*
453,23<
Eleventh
5,761,563,115
Federal
Reserve
District—Dallas—
I ?: *^alh~Austla'
W 6^8137,535v
Dallas
198,677,000?
-
|j?:?-;::rFhrt?Wbrfcte4+*
'
Galveston
%■?JWOMta-- FfillsL*.'.!
'
f:
.
Louisiana—Shreveport
m 'Mm'- ...Total (6 clties)******-fc»i>..******
24,597,133
4.805,000r
2;845,140'
.t,,.,.
8,706,742
-
246t468i5Stfj
4,-137,176'
1,990; 1441J23.518.6,089,760
225.W549
12,05!
Joseph
Pueblo
20,351;700
7,254,594
+
"
841,37$'
~
1,275,687
+ 25.L
*10,025,609-
628*603^
68»f6%00'0^
•
:+f 44:9?"
10,336,096
6,023.822^
'
t
1,936,291
+ 34.1
10,247,173
;;
16,460,650
.2(^618,860^,v
-
M 610,413
490,517,800
l,320,531i
8,410,524
,r
.
'
1,260,305'
'
44lf,236^777p
+ 14;I
75*,r63;833
7,047,037
.
+29.9-
,2f456-,417-
,
l,684,64ff
+44.2,
-•
7,936^39
+ 23.8
297,64
—J
12,19
Colorado—Colorado Springs*—
5,q^3,459
+19.7
21,405,336
.
>'
Kei^:Han®sTihe^\J4nchestef^^^
+34.3
+
5,642,117
NOW Hayen'i.-.—1—
St.
548,484
1,602,436
6,732.-969
22,822,917
-
2,507,221;
14,087,642
'
+18.3
City—
1,027,215
2,151,447
Worcester
8,691,169i
.36,748,572
C
+29.1
62'
-
Missouri—Kansas
4,059,832
°
5.4
39:
.
3,619,162
5.7
+ 74.5
.
27,995,000
3,864,847
.'
+22.3
7,42!
112,53!
Kansas—Topeka
Wichita
776,045
+13.7
—
"
*—
——
———-————
m—
Omaha
$
.
7,113,687
—»
€3dnnecticht;—Hartford—1———
;
+75.1
.4,315,106
—
Springfield
^
1,136,801
*
——
Sdassachusetts—Boston
jfe.FaU
1,990,422
.i.*——.
: Portland
8,301,335 821^936'
631,363.239
2,221,4)93'
7,529,392
•
+
350,396,004
Lincoln
1944
First Federal Reserve District—Boston-
Maine—Bangor
(7 cities)
Hastings
1945
Dec. %
+18.4
+37.5
8,520,839
Nebraska—Fremont
18
or
2,968,674
21,267,721
2,936,109
„
+26.$
Tenth Federal Reserve District—Kansas
City-
"
•
*—-
Helena
week ended Jan. 18 for four years:
<®
r
■
Dakota—Fargo—«
4,'612,887,258
each
.
*
North
10,191,782,310
showing the figures for
+31.7
609,699
6,228,062'
District—Minneapolis—
—
*—
St; Paul
^
11,577,196,082'
+21.0
11,55;
4,63'
3,391
468,191
Reserve
Minneapolis
134,520,920
533,985,688
+16.9
13,626,807,479
Federal
Minnesota—Duluth
„•
cities
4,195,895
40,483,000
3,575,763'
12,178,-246
49,524,889
:
-
,3,507,983^
v
970,441
(4 cities)
Ninth
305,983,632
——
————Ill
-
-
,
308,064,498
154,946,233-
:——J.-
H Total
+33.3
K
—
Louis—
Total
211,636,939
314,531,993
+51.1
i2',84(
386,879,442
326,201,663-
+22.7
-
—
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
618,760,970
.
223,039,549"
9.6
163,076,492
678,520,146 "
Missouri—St.
5,761,565,115
678,204,255"*
"
+-31.5
Eighth Federal Reserve District—St; Louis—
419,313,814
-
6,842,714,915'-
4
9th Minneapolis
12th San
—11.6
17
-
Louis
$
447,236,777
10
7th Chicago
10th Kansas
2.1
+
+90.0
4,634,398
1944
$
"
5
8th St.
%
Dec.
cities
7
Cleveland
6th
$
1945
10
Philadelphia
4th
$
or
12
545,159,612
—
Total (17 cities)
Inc.
12
-
-2d New York
;
1946
-
■
Peoria
summary by
1947
Federal Reserve Districts
'nt
,
60,59:
Iowa—Cedar RapidsiA&-s.—i—s-e—«,* :
3,53.;
1 II: : Pea.-Mrrinp*
;37,45
Sioux City^j
—'—•irrwwii Awf
fj
14,48
Dliriols—Bloomingtoif
^
i l,bl
i I,
Chicago
•'»;., 747,09i
Decatur.
3,42;
has
820,443
8,251/276
:
8,52:
51,381
———.
Terre
SUMMARY OF BANK CLEARINGS
Week Ended
i 559
Jo'84i
6'17E
■
South Bendi—
.
311,52291,362,693 :
District—Chicago—
•
Indiana—Fort' Wayne—
Indianapolis — »——■.■—
5,182,147
,
515,190,985
—.
Springfield
-
—
Reserve*
Arbor-
{
Resferve Cislarger by 20.8%, in the St;tLouis Reserve' District' by 26.4% arid*
a
,
i
District5
4he-Attah1b'^dseir^,DiStrict of 22:3%; .In the Chicago
'In the following we furnish
a*
..
i
1,739,654
57,159,563
116,056^989
■■
.■
2,763,265
6,422,492
391,593
—_
Total (10 cities)*
Federal
51,510,684
42,781,834
91 749 596
Louisiana—New Orleans—.;
Seventh
16,374,020
149,600,000
3,934,675
3,278,952
13,699,071
:
Mississippi—Vicksburg
;the San Francisco Reserve District of 16.9%.
-
18 155 110
64,602,507
196,900,000
i
Mobile
In the Cleveland Reserve Dis-
Jbp the Mbjneapolis Shserye District^ by 0.6%,, She Itansas City. Reserve D^trict
to
'
District—Atlanta-
Florida—Jacksonville
Alabama—Birmingham
gain of 2.1%
in.JMcS^flrfoiSatVifces^
an
71,
396
——.
Georgia—Atlanta
Augusta
has to be estimated;
loss of 11.6%, but in the Boston Reserve District the totals show
its credit
3,
200,
Tennessee—Knoxville
(including this, city)Vthe total^ show?
trict the tptalsare,
9
109,
Carolina—Charleston
Sixth Federal Reserve
the week
as
not available at time of going to press.
cases
—2,
Total (6 cities).
cities according to the Federal Reserve District in which
they are located and from
ithis it Tappears thai ib the New York district
\>f 20.9% land-in
2,281,166
4,332,249
259.728.412
789,34
...
Maryland—Baltimore
«
District of
Columbia—Washington.,
18.
and in the
-19,236,000
5,a<
*„
Virginia—Norfolk
For that week there was an increase of
1.3%, the aggregate of
clearings for the whole country having amounted to $13,626,807,479 against
$13,448,763,964 in the same week in 1945. Outside of this city there was a gain of
21.0%*
the bank clearings at this center
having recorded a loss of 12.5%. We group the
p
233,642,357
260,63
Macon
able to give the findl and
•we are
4,605,433
130.412.411
*.
28,0'
^
Richmond
2436,508,582
the above the last day of the week in all
In the elaborate detailed
6;0<
179,9)
304,5:
4^p
i
—
Virginia—Huntington—
South
8.4
week covered by
are
,•••
.
(7 cities)——
Fifth
West
+ 23.0
+
We cannot furnish them
Saturday and; the Saturday figures
Accordingly, in
1,913,220,895
2,246,497,192
Complete and exact details for the
in our-issue of next week.
"•'- '■y
1,031,295,OfO
■
5.1
$13,478,983,153 $12,499,482,433
1-
Total all cities for week
1-
-v'
Reserve Districts-Cleveland'
Pennsylvania—Pittsburgh
!
9.5
+
$11,232,485,961 $10,362,973,851
-
All cities, one day-
;
$8,449,752,956'
2,352,496,145
Total all cities, five days
.
P'fc.i
—
Mansfield!
Youngstown
+18.3
$8,879,989,816
-
TV
,***.*^.
'
Ten
i'l\'•
4,876,094
2,591,240'
4,531*773
t8,585,964
; 6,625,883
+20.5
160,366,094
Cleveland.
J'
-
Columbus
.
')
—
*
'
.
+Vf .Cleveland-'
+ 30.8
259,700,000
San Francisco.
'
Federal
I
+13.7^V
276,814,992
>
St. Louis.
$
":
»
typ? *'"?•<
3,53 *,870
V
ia—**_•*:
Total (10 cities)
.
Kansas City
;
466,700,470
.
;
■■
%
530,577,156
—
Boston.—
:
1946
$5,914,863,448
;
—
Philadelphia
.
1947
$5,836,153,438
.
h
•••
\
Week Ended Jan. 25—
——*
—.
Clearings—Returns by Telegraph
New York-
■•■■.■;•
-.-*—
Delaware—Wilmington
New Jersey—Trenton-.--,--.^^,.^
|
•
4 .f
r.
York
■
r
a
——
Reading1:,■;*:
Scranton'
week, in 1946.
;pe^>0'^.
'3,082,627
1,003,000,000
.
PhhadeJphia
.
$f :'•>
;
753,852*1,049,298
1
-
"
Our preliminary
18
1,247,333
■
corresp onding week, last year.
Jan.
Itic. 01?"
District—Philadelphia-
—-r
Lancaster
,
weekly clearings
$13,478,983,153 against $12,499,482,433 for the
At this center there is
Reserve
i''.Bethleheaa;*;.;*..**,c*.w.-w—**//.
Cities of the country, indicate that fbr the Week ended ^
Saturday, Jan. 25, clearings
allcities of the linited.States froth;which it is
possible to obtain
•will be 7.8%r above those for the
Federal
Pennsylvania—Altoona
tiport telfegraphic advices' from* the chief
'for
Ended
194$'
163,076,492
+51.1
3,744,085
147,187,868
48,122,924
~
3,513,993
1,609,326
?
1,340,352
6,118,391
;2li,636,939
THE
Monday, January 27, 1947
CHRONICLE
COMMERCIAL! & FINANCIAL
Foreign Exchange Rates
Pursuant to the
tifying daily to the
Federal Reserve Bank is now cer¬
the buying rate for cable transfers in the different countries of the
Secretary of the Treasury
record for the week just
We give below a
world.
FOREIGN
Chicago & Western; Indiana RR.—
1st and ref. mtge. 4V4% bonds, series D, due 1962
Cincinnati Union Terminal Co.—
passed:
1869—
1st mortgage 3%s, series E, due
1st mortgage 2%s. series G. due
UNDER TARIFF ACT OF 1930
FEDERAL RESERVE BANK TO TREASURY
EXCHANGE RATES CERTIFIED BY
« v ♦
'
' ? -•
mtge. 3Vs'7o bonds, series L., due 1970i.Feb
Chesapeake & Ohio Ry.—
Ref. and Improv. mtge. 3J/aft bonds, ser, E, due 1996-Peb
1947, INCLUSIVE
JAN. 17, 1947 TO JAN. 23,
• ■
'
.
Noon
Monetary Unit
'
'
1st mortgage 5 Vis, series A
•
Mar
112953
t '112955
i
112955
1st mortgage 3%s, series
Apr
Apr
...
__
1st mortgage 5s, series B_
—
1st mortgage 41/as, series C—.
Connecticut River Power Co.—
,
:
New York
Buying Rate for Cable Transfers In
Value in United States Money
69
1
,
.....Feb
';
.
Country and
1
Cleveland Union Terminals Co.—
•
.
1974—1.
334
3
1st and gen.
the Tariff Act of 4930, the
requirements of Section 522 of
Pagt
Date
Company and Issue—
Central Maine Power Co.~"r'
.
70
79
1
1
;..ilAr>iv 1:Ak•■••■70
-
,
;
^,'Hue*
i
•
15
333
1
Cornell-Dubilier Electric Corp. $5.25 pfd. stock, ser. A__Feb
H3412
335
5 ft preferred stock
™__Feb 19
Realty Co., Ltd., 1st mtge. 4s, due 1951.
Jan 29
Cuban Atlantic Sugar Co.,
Argentina, peso—
■'
.251247*
3.210116
3.210116
3.209953
.022790
.022790
.022785
.022790
.054404
.054404
.054404
.054404
Canada, dollar—
1.000000
Official———i————
.022786
.950625
.571400*
952500
.571400*
.571400*
.950546
.571400*
.571400?
.571400*
.020060
.020060
.020060
.020060;
.208658
.208658
.208658
.208658
.208658
4.028750
4.028,437
4.029531
4.028593
4.028203
.008408 '
.008408
.008408
.008408
.008408
.302579
Free..—i.—
Colombia, peso—.———.
Czechoslovakia, koruna
Denmark, krone
England, pound sterling
France (Metropolitan) franc.
India (British) .rupee
leasehold 6ft> bonds, due 1954—_Feb
1
Co., Ltd.—
general mortgage bonds, due 1957
.Feb 4
Lynn Gas & Electric Co., 2%% notes, due 1958
Feb 1
McCord Corp., 10-year 4ya% debentures, due 1956
Feb ' 1
Midlothian Country Club—
: Genv 3s ref. mortgage 4'/a s, due 1959...
Feb 1
Missouri Telephone Co;, 1st mtge. 4J/4Si ser. Q, due 1961.Mar I
Northern: States Power Co. (Wis.)—
1st mortgage 3Vis, due 1964—
—
—Feb 1
Southwestern Gas & Electric Co.—1st mortgage 3VVft bonds, series A, due 1970--...
Feb
1
.020060
.020060
.208658
4.028281
.008408
.301604
...301592
.301579
.301567
.205851:*
.205863
.205856
.205813
.205863
.205795
.377893
.377893
.377893
.377893
.377893
.377893
1.000000
1.000000
1.000000
1.000000
1.000000
1.000000
.948125
.947033
.948750
.949166
.948125
.950000
3.222833
3.222666
3.223666
3.223000
3.222666
3.223000
.201612
.201612
.201612
.201612
.201612
.040501
.040501
.040501
.040501
.040501
.040501
.091324
.091324
1st mortgage 5s
6ft preferred stock.
American, British & Continental Corp.—
5% gold debentures, due 1953
.278228
Aroostook
.301592 '1
Mexico, peso—^__—_———:
Netherlands, guilder,.——.
Washington Terminal. Co.<—'
: Y
1st mtge. 2%% bonds, series A, due 1970
ENTIRE
Newfoundland, dollarOfficial..——-——
'
.
Zealand, pound
.201612
krone...
.—
Portugal, escudo
Spain, peseta—..—
Sweden, krona——
Switzerland, franc———
Union of South Africa, pound.
Norway,
.091324
.091324
.091324
.278228
.278228
.278228
.233629
4.007500
4.007500
4.007500
4.007500
4.007500
4.007500
.658300*
,658300*
.658300*
,658300*
,658300*
.562620*
.562620*
.562620*
.562620*
.562620*.
.562620*
New York
Statement of Condition of the
Reserve Banks
(In thousands of
12 Federal
Combined
*
dollars) *
-
Assets-
Gold
notes
a
-
+126,004
17,731,180
certificates
Redemption fund
for
R.
F.
798,173
—-
-
—
—
,
U. 8.
—
.4,897
.,70
most dis¬
$64,000,000.
.;
Demand deposits adjusted increased $83,000,000 in the
San Francisco District, $61,000,000 in the Boston District,
and $53,000,000 in the Chicago District, and declined
$54,000,000 in New York City; the net increase at all re¬
porting member banks was $256,000,000; Time deposits
declined $23,000,000.
United States Government de¬
posits increased $70,000,000. Deposits credited to do¬
mestic banks increased in nearly all districts; the prin¬
$120,000,000 in New York City,
$75,000,000 in the Chicago District, and $42,000,000 in the
:
„
-
.— .I. —i
i'i
ir ^
n,i.I
'
increases were
cipal
fitv Tli'sfvipf ^
Ynnsa?
^
'
■
; '
•:
>" i'
•
'
.r
■■{■■Aif.-'-u '
■■
(In millions of
y.-.4.W-
.
+103,61&
I
23,668,761
102:
171,981
2,828.898
Uncollected
Items
Bank
assets
/! ; Other
+247,102
S.
'
*
'?■
|f
v
■
.
Jan. 8,
Jan. 16,
1947
1946
—12,147
+ 1,228
+
+
472
40
securities
—
—
16
—
—
15
*2
15
2
*29
—
388
611
-433
1,583
106
2,333
-
—
1,044
5,210
3,025
Treasury bills
certificates of indebtedness
Treasury
——
Treasury notes...
U. S. bonds (Including
obligations)
—
...
26,952
3,390
Cash
vault—
in
Banks—. 10,330
626
398
15
18
—
—
—
1,692
12
482
62
625
986
7,383
4,969
+
64
—
deposits adjusted
Time deposits
U. S. Government deposits
Interbank deposits:
(Section 7) ....
Burpius (Section 13b)
Other capital accounts.
Surplus
Domestic
3
87
30
197
—
+
+
—
—
—
—
+
—
40,100
10,442
1,555
+
Feb 20
53413
52548
lien
9,787
1,287
Foreign banks
Feb
1946
Utilities
Public
Corp.—
due 1956
210
Waterworks Co.—
1st mortgage 4Vift bonds, series D, due 1948
Feb 10
International Paper Co., ref. mtge. 6s, ser. A, due I955.Mar I
International Telephone & Telegraph Corp.—
4 ¥2% debenture bonds, due 1952...
July 1
Kansas City Power & Light Co.—
1st preferred stock,
series B__
..Feb 15
Mahon (R. C.) Co., 4Vift debentures, due 1956.
Feb 1
National Barge Co., preferred ship mtge., 4 J/aft bonds..Feb
1
Independence
Nebraska
V
;
Park
340
52960
342
255
|2835
Feb 1
Feb 14
Swift & Co., 2% ft debentures,
Texas Power & Light Co.—
113
344
July 1
leasehold bonds
due 1961
1st mortgage fee &
82822
-V*/*'
'*■ 341
%
Office Bldg.—
Place
13292,
212
Co.—
Power
series A, due 2022
Sep 1
Northern; New York Utilities; Inc.—:
*' 1
1st lien & ref. 6ft bonds, series,B, due 1947...—*Any time
Philadelphia & Garrettford Street Ry.—
v.
V
5%
bonds, due 1955™
—————™Feb7'l
Seaboard Finance Corp., 5% debentures, due 1955
Feb 1
Segal Lock & Hardware Co.—
•,
4V,
•
$2.50 and 7ft preferred stocks——...........Mar 15
Silverwood Dairies, Ltd., 40-cent preference stock
Apr 1
60
•
*
5228?
debenture bonds,
6%
72490
*-~'v
gold debenture bonds, series A,
Hamilton ft Buffalo Ry.—
due 2022
mtge. 4yaft
bonds, series A, due
i960—....—Feb 1
12450
Vol. 162. fin Vol, 164,
•Announcement in this issue, tin vol. 161. sin
—
+
+
+
+
,
Dividends are grouped in two
+
—
—
+
256
23
70
96
—
+
+
—
330
gold certificate reto deposit and F. R.
liabilities combined—..
of
v
figures revised
liability on bills
purchased for foreign cor-
.
Notices
Below will be found a list of
Central
agricultural loans in¬
$19,000,000 in
at all report¬
ing member banks.
Loans to brokers and dealers for
purchasing or carrying United States Government secur¬
ities declined $47,000,000 in New York City and > $76,000,000 at all reporting member banks.' -"Other loans"
Roberts
and
increased $29,000,000.
,
Holdings of Treasury bills increased
...
$175,000,000 in
Page
334
254
Date
Pacific Ry., 1st ref; mtge. bonds, due 1949—.Feb 23
St Oake, Inc., 1st mtge. 6s, due 1954...—.—Feb
6
Tennessee Coal,
creased $32,000,000 in the Chicago District,
the San Francisco District, and $103,000,000
•
in
TENDER
Company and Issue—
to'domestic banks.
Commercial, " industrial,
corporate bonds, notes,
ing tenders, arid the page number gives the location
which the details were given in the "Chronicle."
NOTICES OF
—$1.75
750
American Thermos
Company and Issue—
-
Algoma Central Terminals, Ltd.— v
5ft 1st mortgage debenture stock ft
Brooklyn Borough Gas Co., 1st mtge.
,
Page
lk: 7 ! 7
7'
bonds, due 1959_Mar 15 ?
VAs, due 1970—-Feb 1
13137
68
Date
Carolina, Cllnchfield St Ohio Ry.—
r'■■■;*.■
1st mortgage 4s, series A; due 1965—T—.Mar
1
-
334
3-11
2-13
3- 1
3-15-,
2-14-r
2-20.
2-24
2-14
2- 1
2-28
2- 4
25c
2- 4
1-1T
2- 77
1-26
2- 1
4- I
2-13
3-3
(quar.).
....
2-13
r 1-23
2-20
2* fr
>? 3-ll 7 2-13
20c
40c
....
(increased)..
,
3-26
'2- 3
2-3
3-1,
93%c
3-15
(quar.)—.
15c
3-28
preferred (quar.)^——
—
Autocar Co., 5ft A conv. pfd. (quar.)
5ft preferred B (quar,)....—..———
5ft convertible preferred C (quar.)...——
Avon Allied Products (quar.)
...
Baldwin Locomotive, 7ft preferred (s-a)—
$1.06i4
3-15
3- 1
3-17
3-16?
2-13
3-1
2-13;
Ashland
Oil & Refining,
common
4V4ft
Bell
&
Howell
1
2-15"
3-3
50C
3- 3
2-16
$1.25
r: 15o
(quar.).i—wl—75c
3- 3
2-15
2-19
2- 1
common
(quar.)
■
—
(quar.) —...
(increased quar.)
Bohn Aluminum ft Brass Corp.
Boss
$1.05
12!/ac
50c
convertible preferred
Blauner's (Phila.), common
Inc.
25o
20c
(quar.)
Manufaeturihg Co.
3333-
1
1
1
Associates, Inc.—
Extra '
$3 preferred
"
(quar.).—$1.06V*
Spinning
Common (q«ar.)
Bond Stores,
25c
3- 1
Co.,
Fine
$5
25c
2-13
2-14,
2-14
2-15
preferred
Berkshire
.
>
3* 1
2- 1..
53VsC
Bottle, common
preferred (quar.)...;
Products
Armstrong Cork Co., common
$3.75 preferred
(quar.)
4JAft
,
50c
4%%
Anchor Post
'
:
25c
56V4C
(N. Y.) (quar.)
preferred (quiir.)...
Smelting & Refining Co.—
*
American
256
Jan 27
due 1951———
PARTIAL REDEMPTION
,
100
(monthly).
Products Corp.
Increased'- .————
American Re-Insurance Co.
Iron & RR. Co.—
General mortgage bonds,
Home
American Screw, 4 Vz%
preferred and common stocks called for redemption;
including those called under sinking fund provisions;
The date indicates the redemption or last date for makr
weekly reporting member
banks of the Federal Reserve System in 101 leading
; cities
shows the following principal changes for the
week ended Jan. 15: Increases of $429,000,000 in holdings
of United States Government obligations, $197,000,000 in
balances with domestic banks, $256,000,000 in demand
deposits adjusted, and $330,000,000 in deposits credited
(quar.)
American Meter Co. (Increased)$1
American Petroleum St Transportation—
Redemption Calls and Sinking Fund
The condition statement of
(Del.)
(accum.)
preferred
$7
American
loans
of Company
Industries
20c prior preferred
(qua^.)
So
American Book Co. (quar.)02,/ac
American Business' Shares—.
——
4o
American &: Foreign Co., $6, pfd. (accum.).
$1.50
(Cleveland District).
Contingent
^respondents,.
Commitments to make indus¬
Holderg
(irreg.)
Aluminum Co. of America, 6ft pfd. (special)
16,409
week.
8
When
Aircraft Radio Corp.
serves
♦Jan.
Per
Share Payable of Reo.
5c
2-15
1-31
6c
2-5
1-36
$1.38
3-24? ; —
Aluminium Ltd/ (quar.)—....—.. $$£..
3- 5 .2-1
American Aggregates Corp. (Irreg.).—...
$2 Ci 2-15"* :72- 17
American Beverage Corp., 4ft pfd. (accum.).
50
3- 1
2-13
Name
to
during
this week are:
The dividends announced
110
66
+
^
^
declared.
1,456
—
Department" in the week when
and Investment News
—14,654
6
37
past dividend payments in many cases are given
in our "General Corporation
under the company name
+ 2,372
+
965
—
we
ord of
23
45
43
193
+
—
In tha
separate tables.
bring together all the dividends announced the
current week. Then we follow with a second table in
which we show the dividends previously announced, bul
which have not yet been paid. Further details and rec*
first
demand deposit accounts except
interbank
and U.
S.
Gov't accounts,
Debits
Total liabilities & cap. accts.
•
income bonds, due
6 ft
convertible debentures
4V!*ft
Acme
banks
Borrowings
:
69
Great Northern Ry.—
Liabilities—
Capital Accounts—?.
Capital paid in™...,
trial
112142
4Vaft gen. mtge. gold bonds, series E, due 1977
July 1
Harborside Warehouse Co., Inc., income bonds due 1973_Mar 12
General
60
+
+
+
2,333
domestic banks
Demand
-
334
71
71
72
917
377
guaranteed
...
securities
Reserve with Federal Reserve
Other
Balances with
.
1
Feb 1
Any time
53141
+ 3,033
+ *103
76
669
loans—
Other
Total liabilities
;;'
A3138
113282
Ry. & Terminal Co.—
Consol.
10,329
estate loans
Loans to banks
bank—reserve acct.
Treasurer—gen. acct.
ii—..——
Deferred availability items
Other iiabs., incl. accrued divs.
7 note
1
14
-•
1
6ft
securities
—
purchasing or carrying:
Government obligations..—
Other
Real
Other
,
1957-Feb
Other loans for
Foreign——
Ratio
112281
bonds, due 1947-1959..
Distillers Corp.-Seagrams, Ltd., 5ft preferred stock
Electric Auto-Lite Co., 2V2ift debentures, due 1950
agricultural
and dealers for pur¬
carrying: ;:
Government obligations.
xj;v S.
Member
1
15,
1947
56,073
16,452
.
chasing or
Deposits:
deposits
•
1
1st mortgage
brokers
to
Loans
.
Federal Reserve notes——
Total
Page
Toronto,
Liabilities-
S.
-
.
Investments—total
Loans—total
U.
U.
v.
.
> v;
Increase ( + ) or
Decrease (—) Since
Commercial, Industrial, and
assets
Total
- ,
and
Loans
32,399
premises
Other
+ 98,651
Assets—
:
.
i..
-
ii
.
?
-
23,430,210
and securities
Due from foreign, banks......
F. R. notes of other banks—
loans
Total
of reporting
h ■ '
4,
dollars)
.
-
Jan.
Total U.S. Govt, securities—
7v~
of the assets and liabilities
member banks follows:
1 /
A summary
—131^0,
'7,249,512
——-i.——
355,300
.Bonds753,390
Notes
Holdings of
member banks.
bonds increased in
tricts and the total increase was
+ 234,613
15.072,008
U
...
Certificates
«
,
'
$398,000,000 at all reporting
District and
the Chicago
City, $135,000,000 in
United States Government
Govt, securities:
Bills
*
7,978
+118,026
+ 21,613
18,529,353
mother cash .—kh
363,242
Discounts and advances
238,017
Industrial loans
——
534
gold ctf, reserves
Total
J1325
Jan 30
Feb 1
Feb 1
Dallas
7
1
Feb
Broadway Motors Building Corp.—
1st mortgage leasehold 6ft bonds
....
Butte Electric & Power Co., 1st mtge. 5s, due 1951
General
1
343
13339
Cumberland Gas Corp.—
•Nominal rate.
v
ill
Date
1st mortgage bonds, due 1948
Feb
Board of Trustees of the Roman Catholic Separate
Schools for the City of Sarnia, debentures
Mar
,658300*
73
339
79
Mar 24
Valley RR.—
.
refunding mortgage 5 Vis, series A, due
1st and
339
1
Aspinook Corp., 6%
Noncontrolled—.—
;
3*37
k■
Mar
Aluminum Co. of America,
.233629
.233629
.233629
.233629
.233629
Controlled—i~
337
CALLED
Ry.,
Algoma Eastern
.091324
.278228
ISSUE
-
Feb
Company and Issue—
.278228
Uruguay, peso-
$'•,
Great Lakes Power
1.000000
1.000000
.951718
.951093
336
72
.
^ 1
5%
1.000000
.949531
(T.)
1st mortgage
.054404
1.000000
1.000000
Food Fair Stores, Incv; 3Mj % debenturesi-,^_ii:..^;_^:.^Feb
Fulton Market Cold Storage Co.—
*'
3.209766
.054404
Brazil, cruzeiro.—--.—^.—-
Eaton
.251247*
3.209766
.022790
Free.
.297733*
.297733*
.251247*
.297733*
.251247'
3,210783
Free——
Belgian, franco,——
New
.297733'
.251247*
.251247'
Australia, pound
-
.297733?,
.297733'
Official.—
(quay.)
—
(increased)
2-16;
50c
4- 1
2-15
2-1"
50c
Wc
3-12
2-28
2-25
2-13
3-14;
Volume 165- Numbef 456?
THE COMMERCIAL S FINANCIAL CHRONICLE
Per
Name of
Company
Share
Bourjois, Inc., $2.15 pref. (quar.) ——**«.
Bowser, trtc;,1 $1.20 preferred (quar.)-i^-w
Brager-Eisenberg, Inc.
(extra)
68%C
30c
$2.50
4
When
Holiere
Per
Payable of Rec.
2-15
3-
Name
2-1
2-18
1
1-31'
1-24
■
British-American Tobacco Co., Ltd.—
American deposit receipts
ordinary (final)
-. Interim
-4
■____
.
American
V
-
American
deposit
bearer
.!
.
.
(s-a)
for
receipts
5 To
pfd.
Buck
Rubber
Hill
67c
preferred
Liberty
preferred
Quarterly
Quarterly
Quarterly
Quarterly
25c
(quar.)___
common
(quar.)
$1.50
Company (irreg.)
Burroughs Adding Machine
20c
•
(quar.)____
15c
-
c.)
(s-a).
Extra 4»_
M.) & Co. (quar.)
Central Arizona Light & Power, com.
$7
preferred
(quar.)
-
.
$6
preferred
(quar.)__:
Central Foundry, 57o conv.
Central
Chain
Ohio
Store
Steel
Real
Chattahoochee & Gulf RR.
"
Cherry-Burrell,
;
,
47c
'
|$4
preferred
(quar.)
(increased)
of
Quarterly
Quarterly '
:
v
V. V
*
.
Ohio
17c
preferred
(quer.)___
Corp.' of ^America
Life
New
New
Mills,
Sexton
Ltd.
Uo.-i-
-
Crown Cork Kite- Seal' Co.,
<,
(quar.)
4
40c
-
Extra
-
37'/aC
50c
r
75c
f -$1
'
I
I
4
Florida
Flour
I
Mills
Foster
67o
of
(quar.).
(H.
C.)
i 67o Cpreferred
Co.,
7c
14
Grocery Store
Products
Gruen
I
I
I
I
I
62 VaC
preferred
Public
25C
com
Carbon
l
B
$5
87 VaC
Service
25c
7%
Quinte
I /
■:
): Hub
Motor
Zinc
.
Car
v
■
■
Milk
$1
5 To
$1.37 Va
5%
series
Ronson
Art
25c
Insurance- g^oup
Johansen
I
■ .4
1-1**
1
4-
2-15-
^2- 3-
;l-rr
__
58MjC
50c
41%c
(quar.)
(quar.)
(quar.)
(monthly)
Electric
&
1-20
Gas—
1-31"
Products,
1-31"
:
1-20.
Ltd
1-15:
>31
12-27,
t_
.
prior preference
A
(quar.)
preferred (quar.)
Metal
Works
(Jacob),
common
30O
2- 1
250
56 'Ac
1-20*
;
3- 1
k 2-
2-15^
1
1-17
70
2-. 1
.1-15
70
(quar.)
3- 1
2-15
•
(quar.)„
$1.13
(accum.)
4 >15,
2t 1
10c
fic
2-15
..
25c
$3.40 preferred (quar.)
Seaboard Surety Co. (increased
;
Sherwin-Williams,
common
2-15
3-
8
s
4
,
..
1-31
1-31
2-14
quar.)
(quar.)
A7c- preferred
(quar.)___
Sierra Pacific Power
Co., common.—67of preferred 4 (quar.)
Silex Company
*
Simmons
Company
City Gas & Electric, com. (quar.)—
preferred (quar.)
Slater ;(N.) Co,, Ltd.
(quar.)4-i____*_______
Smith Agricultural
Chemical. Co., common.
:
6%.-preferred .-(quar.),
Sioux
$3.90
'Shqres--'J-4r-l*..^.*-.*.
3%c
4__
22 Vac;
$1.50
r
12C
(s-a).-__-__4^Lv_.
;r
V
10c
10c
.
Juliaq * $5' Rokenge;
■.V'
!;;Ka^le .Brothers
•
(quar.)____:
(quar.)___w___-
;;Semi-annual
■' ,f;
35c '
(accum.)
2-1
of: Colorado—
4% 7c, preferred (quar.)
Russ Bldg. CoM 6% preferred,
f(quar.)_._-___.L
Bros; Shoe- Co.
7
100
Saco-Lowell* Shops 4
Savage Arms Corp,__
._y
Scott Paper Co., common
fnterngtionaL Utilitiefl»Corp.4(quftr.)J4lii.i._'
"4"'
4.42-14^
44750:4; t3^1;44A2-I4v
'
Transport Co.—
Ruppert
.
Internatlonal-JBuslness Machines (quar.)
Investors Stock Fund i(irreg.)_..4_._l„
I
■
7:
•:-"^60o:
30O
87 VaC
"5% ' preferred; (accuxxf.)
■4;
■
■
__
-
75c
■■_t.;4^nstitutionai.:Share^fI^d.-—k
■ y.
i-aa.
<
quar.),
Manufacturing Co. (quar.)
Rockwood & Co., common (quar.)_
5%
preferred
(quar.)
25c
International Railway of Central America-—
,
2-1
Rheem
Associated Telephone—
:%-• $2 ^preferred (quar.).
Ingersoll-Rand Co. •* (quar.)
'
1-1»
__
25C
By-:f o ; Extra
|:| Indiana
■
■
l-2»
1
200
(quar.)
25c
30c
(quar;)._i._.^.
1-24
,
:
2-
4% non-cum. 1st preferred
(quar.)
Reed-Prentice Corp. (quar.)
Republic Investors Fund, 6% pfd. A
(quar.)
6To preferred A (quar.)
6To
preferred B (quar.)
6 To preferred B
(quar.)
15c
37 VaC
30c
Lpan Co. S^ jpreferred
Illinois
1
30c
Company, class A (quar.)
Rayonier, Inc.; $2 preferred (quar.)
Reading Co.—
20c
preferred ;-(quar'.)>
Hudson
v
1
2-
"400 —"2--15
Randall
50c
1
'
*'
4
Extra
10c
Co
*
"02^0
preferred
(quar.)
preferred
(quar.)
25c
.
VU 7?
*J50C
_______
preferred
$1.75
(initial)
©ooker i Electrochemical Co.—Common'(increased quar.)..
r
1-15;
1-13
I
(cash dividend)
31V4C
I,
1-25 V
2-
27ViO
*»-
Co.
preferred
$5. preferred
67c preferred
$8
Stores, Inc. (quar.)
Hamilton Watch Co., common
4 47o convertible preferred
(quar.)
Hammermill Paper?'(quar.).
^
Hammond Instrument; 6%
preferred (quar,)
Harris (A.)
& Co.; 5V*%
pfd.- (quar.)
Heyden : Chemical Corp.; common
3Mt% preferred a (quar.
4
Payable of Rec.
♦1,12%!
*_____
preferred
17c
$2.50
(quar.)
Watch
Hale Brothers
When 'i Holder*
ter
Share
*
8To
(initial).
I
I
I
I
■
(monthly)
67o preferred (monthly)
57c
preferred
(monthly)
Public Service
Corp. of New Jersey—
15c
common
(quar.)_____
Worsted Mills—
Service
17o
30c
....
Godman
common
(S. C.)
Public
37'/aC
IL-.i: Gamewell Company (quar.)
I
4 General Cigar Co., • common
I ;;444 170 preferred (quar.)
I
>
General Industries • Corp.
(quar.)
I
General Ply wood-(initial
quar.)
I >4 Georgia Home Insurance (s-a)
I f
(s-a)
Provincial
$1
;(quar.)
1-4^44. Extra
preferred
____
Pittsburgh Terminal Realization Corp.—
Liquidating
__y_
Transport Co. (increased s-a)
25c
$1.25
.
|
(quar.)
2nd
Ltd. (quar.)
Ltd., common (s-a)__.
(s-a)—v——
& Co., 40c preferred (quar.)_
Peoria & Bureau
Valley RR. Co. (s-a) _*
Pillsbury Mills, Inc., common (quar.)
•$4 preferred (quar.)
;._v
25C
America
preferred
7%
Co
1st preferred
Mills-
Parker
25c
&
Kfa $3.50
Knitting Mills,
17o
dividend
Irregular
37'/2C
prior
I 4 i_ $5 non-cum preferred (s-a)
ly*y Four-Twelve West Sixth Co
I ?Freeport Sulphur Co.
(quar.)
I 444Fulton Industrial Securities
Corp.,
I ■*'
Woods Manufacturing Co.,
(quar.)
Pan-American Petroleum &
50c
Kleiser Co., common
preferred (quar.)
Foundation Investment Co.—
y
I
I
Pacific
5c
preferred
(quar.)
Owens"
$1.75
;
Corp., 47o
preferred
;
Gas,
Oxford Paper Co., $5
Illinois Glass
50c
25c
J...
convertible
Corp., class B (irreg.)
Securities, (Colo.)—
Town Ribbon &
$2
$1.50
^
Power
4,
Quarterly.' ^._.4..4y.__._.i.___.4...__4w
Co., $5 preferred
York Fire Insurance (s-a)
$$1
Smith
(s-a)
Kalamazoo ^Railroad -(Sra)
1'k'Extra
25C
(
.Paper -Corp. t * irreg.).——^
Common
.y^..-.,
(quar.)
(quar.)
(quar.)___
Orange Crush de Cuba (S. A,)
Initial quarterly
Oswego Falls-Corp;, (increased
$25c
I
Faber'Coe A-Gregg, 7^ pfd.. (quar.)
I -v.,?Fairbanks; Morse- & Co.
.(Increased)
I Vv'4 jFajardo Bugat Co.vof Porto Rico-(quar.)__
I yyyFanny Farmer
Candy Shops, Inc. (quar.)..
1:^4Federal Electric, class A (quar.)
I
Ferro Enamel
Corp..____
I 4k Firth Carpet Co., 5% preferred (quar.)
'
Co.
Pipe & Foundry Co.
Quarterly
York
preference
Stock
2c
-
i
S.
preferred
—
A
B
Jersey
Old
$1
$1.50
—
Bppens
RyFire Insurance
$2.75
(Hartford)
Noyes- (Chas.- F.), 6%- preferred (quar.) i-.-.-.
Ogilvie Floor Mills, Ltd., common (quar.)__
4:17c preferred Iquar.)-*y-«.ka-a.a>*As.£.s.s.s.i-_-
.
■
Utilities,
preferred
(s-a)
Northesterr-. ^Insurance
50c
*—......
I v <} vCividend 8hares/ _L.^—
:
I
Donohue
Brothers^ Ltd. (quar.4
I !«y Dravo Corporation,* common
(quar.)...
I
K7cpreferred (quar,).—
£;?y'
Co,
.....—
Public
—
North- American Oil Consolidated
(quar.)
North Carolina RR. 7 %
guaranteed- (s-a)
>.' 1%'■ guaranteed
35c
,
l-k'^fiddy
preferred (quar.)
Cos.
(quar.)
y
Accident
Insurance
Coal
&
_____
Co.—
Newport News Shipbuilding & Dry Dock—
Quarterly
J
$1.75
0% -participating-- preferred
(extra)
>4 v;i
6f/oy participating preferred ($*&) Lzzdlizl
Curham- Hosiery Mills; com. A
-(increased)
:44 ki'^Commoni .B y<irifireased)i4£S4^444'U;vj. J
i •. €
6f,i' preferred A' .(quar.)
-4.X
I
10c
25c
4
-50c
. _______
©alias ^Railways-Terminal, commOh__
7% ^preferred Hquar.) 4.44.^44.
>Diamond 'Match: Co.;:common -(quar.)
-v-$
i
2-28
York Dock
New
28'/eC
(increased)
common
Electric
Amsterdam
New
.$2 -.-preferred iMquar.)
2-28
Quarterly -^-_..^'.^..y.yy.__.y..y..y*.iU. S. Spring &
Bumper (initial)
1
United Stores Corp.,«$6
preferred (quar.).y.
Universal Camera, class A
Universal Insurance Co. (quar.)y-..4-.y—.
Universal Pictures, 4V2% preferred
(quar.).
West Virginia Pulp; & Paper-4 Va % preferred (quar.)
Weston Electric Instrument (increased)
Weston (George), Ltd., 4V2%
pfd. (quar.).
White (S. S.) Dental Mfg. Co.—
Increased
quarterly.
Wilson Line, 5%
1st preferred (s-a)
Woodall Industries, Inc.—
$2
participating class A (accum.)
Casualty____
England Fund—
Certificates of beneficial interest
rW^4%^>;conyerUbl4isipreferr®d y(qunrf),i*-*^«..
| i v.
2- 1
3-10
Inc. (irreg.)
Union Bag & Paper (increased
quar.)_..y.^
United Aircraft Corp.—
■
New
&
2-15
3-10
50c
$2
——
Extra
■
l-3i
1-27
54
'
j, +v*
mlngton (Del.). v(quar.)i.—...^.u
£;.r(*4 Cornell Wood-Products, common—.
j.^'H^Cosmos Imperial
2-
,1-31'
35C
National Vulcanized Fibre Co.-___4_
Nestle-Le ■ Mur—
Wil-
V
Plan Bank of Rhode Island——
$1.50
(quar.)
Insurance
2- 3
,
2-10
2.-10
V, 10c y:
250 ;
National Drug & Chemical Co; of CanadaNational Grocers Co., Ltd., common
(quar.)
d.
2-10
2-18
20c
37yac
...
2-10
3-10
.3-••!•>; 2-10
.1-31
1-25
Trunz,
f
25c
(quar.)
Storage Warehouse
Mullins Mfg.
K;p44 6To -preferred
kyy^Cribben
preferred
40O».
2-28
|;v 15c
(John R.) Co. (quar.)
Truax-Traer Coal (increased quar,)
.Extra-
$3
12»/2c
Insurance
4
50O 4
Thompson
U.
(irreg.)
(quar.)
Co.
National Cylinder
47\7c
preferred
American
&
37V2C
(increased).
Ray Drug, common
B% 1 preferred (quar,)
Thermold Co. (extra)
U,
—
4
....
Sun
United
•
Payable of Rec.
20c
.......
Holdert
When
Share
(quar.)
Suburban Prophane Gas
57o
Series
Corp.
Corp.
Co......^
convertible
(quar.)
Bonding
Frank
Nation-Wide
>f
!
&
Morris
_•
Laundries
Continental
-
2-11
Stouffer
Stoker
United:
Life
(N. HO
Mid-Continent Laundries
Montreal Cottons, Ltd., common
...
Electric—
Lobster- (quar.)
Class Co., Ltd. (quar.)
Container
;
Corporation
Metropolitan
...
Quarterly
Consumers
1
Merritt-Chapman & Scott Co.—
Common
(increased)
(quar.).—
Consolidated
«
3-
Extra
-
Consolidated
♦
2-11
Co.
McCord
AVaVo-' preferred :(quar.)—_—i—
■?
1
5c
672 7c
Southern
3-
75c
...
Corp. (quar.)
Magnesium
Products
Lee Candies (quar.)
Meier
Conduits National Coy Ltd..-.——
Confederation Life Assn. (Toronto) (quar.).
$$$$•£
\v
&
2-1
(Ind.)—
—————y_———
Quarterly
Corporation
(s-a).
City Title Insurance Co. (N. Y.)
Columbus
Steel
Massachusetts
__
t Chicago Yellow Cab..
f^4Chile 'Copper Co.—
■4' /
3-1
Extra
C^cago, Wilmington & Franklin Coal Co...
,
!
non-cum
Masonite
Virginia
•
3-18
»Standard
non-cum.
Mary
(increased).
(quar.)
Chesapeake Corp
,
2-15
75c
(quar.).
Marathon
(quar.)
common
1
3-28
35c
Ma line
Trust
12- 4
3-
25c
Manhattan Refrigerating- Co.—
8%
preferred
(accum.)
.
(quar.)
v#'v
Extra
44
Charis Corporation (increased).
12-11
5
35c
,
preferred
(s-a)
preferred (s-a)—;
(irreg.)
Lynch
Corporation
(increased)
MaJlory (P. R.) & Co—
pfd.
Products
Estate
4
(s-a)
5To
;
-
(A.
4
9-
8- 5
11-
United
57c
Lukens
.
Castle
6-
,
;
Common
_
?
6-11
9-11
t75c
;
common
Per
Name of Company
Standard Forging Corp, (quar.)
Standard Oil Co. (Indiana)
(quar,)
...
Common (s-a)
$1.20 preferred
(quar.)—_
Canadian Oil Cos., Ltd.
(increased)
Carolina
Insurance
Co.
of
Wilmington
4-
3-4
CO. (Increased quar.)—
Louisville Henderson & St. Louis
Ry. Co.—
_
.
2-4
3-11
Lone Star Gas
California Water & Telephone Co.—
Common (quar.)
c"
2-11
(quar.)...
Lincoln National Life Insurance Co.
30c
15c
$$2" *
t75c
;
'
.
11-15
(accum.)
Corp.
5- 5
8-15
25c
$75c4
(initial)..,
Corp
5-15
250
(accum.)
(accum.).
$12 Vic
(quar.)
Castings,
Co.
Products
25c
J75C
$37J/aC
;—
Co.
Aircraft
Savers
Holdere
payable of Ree,
'.:'25dV" '"2-15f;f;?'2*:'5
(accum.)
Liggett & Myers Tobacco,
Class B (quar.)
_y.
Buda
V-'k .4 4(N.
preference
preference
Life
Co
Palls
Buckeye Steel
'■7
convertible
,
registered
Brown
preference
preference-
17o
convertible
Lees (James) & Sons
(s-a)
British Columbia Packers, Ltd.—
Class
A
(s-a)_.
44:4V' ' Class B (s-a)__
>
.
convertible
convertible
17c
;
....
American deposit receipts for 57c
1
17c
I.
When
Share
17o
.
deposit receipts registered (final)
'Interim
$
.
of Company
Landls Machine Co.; common (quar.).--—*
Quarterly —4.*...
y**yy:
Quarterly y.—y--y*i*;*—, yy-.y.*—y.yy*'
-'Quarterly
—_—_y—
Langley's Ltd., 17c convertible pref. (accum.)
Smith .'(Alexander) & Sons
Carpet. Co.—4.^
Common (increased quar.)
;48% Sfe
35c
preferred;-.. (ouar.V—l^
3-10
; 87 Vac
Southwestern -Public Service;44.15^%
preferred - (quar.)
ttQfo preferred (quar.)
3-1
4,ii50c
3-
1
•«54-
•
-ky-—y.yi._4v
Katz Drug Co:/.cominon ^ (quwJ)
•
$4.50 preferred(quar.)
—4*4*4
ISO
$1:12V»
■
r
lifas
.
KnfckeTbocket'yFund
B'f: ©afay^^ Ttetlonal San|E
-(Srtwklyn;-H.- Y;)'
75c;
*
V 4-tc'
•
50c
Sovereign Investors,
(quar.)
v
Inck (quar.)
Stamford ^Vater COf
$1.03%
Standard brands, Inc.T—
,V«
Common MIncreased
VquarteriyT._r._^_w,,._..
:10c
' ' 45c
4 -500
*
-
' 2-15
•
2-15
,1-1$;
*; 1-2?
-1
i
50O•>:4"2-t5/-T-21
-.2,20
.
L15
2-1
92VaC.r- 2--1
1
.
4
'i"'.
•
■
.150
-:3*f' 1.3-28* i
*'4; 2502- I
i
.'
.
$3.50.i>referred
(quar.)
•
r
10c
..
"3-15
•*;
3-
1
4 10o 4f2vl5;44
3.
;; 4 2- 1 J,; 1-20
$62VaO
%
>
MondayvvJanuarx^y^JSfl
CHRONICLE
COMMERCIAL & FINANCIAL'
THE
A-y-'eii-'v:
-
'
Continental
preferred—-
of a
3a
stockpl
optional lit common
share or cash
i Payment
Bow.es
1
1-15
3- 1
2-14
Coon
$1
62 Vic
1-31
1-15
1-31
1-15
2? I
1-20
2- 1
1-20
60o
2i-
I
1-10
16C
2-20
1-31
$lt
$12 %c
2-15
50c
3-20
3*
t35C
2- 1
4
2-24
3-10
62yac
'American
1- 8
2-25
preferred (accum.)
British Columbia Telephone Co.—
I%
I
1-31
1-15
3-15
2-14
5o
2-25
2-15
$1
2-1
1-13
5%
1-29
1-11
5%
$1
1-29
1-11
31c
2-15
1-17
■
(quar.)
1
1
2-
1
1
1-10
15c
3-
1
2-15
75c
2-
1
1-15
37%C
2-15
1-31
62 %0
2-15
1-31
37 %C
1-2?
12-30
$32 %C
3-20
2-21
1
12-26
4- I
2-28
.
I$1.50
.—
37 %C
$50C
2-
1
1-10
2-
1
1-10
$20C
$25c
2-22
(quar.)
'T.p •
—;
Electric
$25c
$25c
4%
■
Cerro
de
6%
5%
,r:
"7%
1%
5%
Columbia
Gas
$4.25
6%
6%
1st
Commonwealth
Commonwealth
Gas
3-20
4- 1
$1.12ya
Electric
25C
preferred (quar.)
Empire District Electric, 5% pfd.
40c
Employers Group
Extra
'
$30c
'
$2
2-15
$1.25
5-15
8-15
$1.25
25c
(s-a)
2-
50c
1-1.5
1
L
•
Warehouse
Consolidated
-
Class
Class
A
B
$1.75
2- 7
$1.75
s-iQ
$1.75
$1.75
______
$3.50
6%
2-
30c
2-
30c
1
>
1- 7
First Boston
1-17
Consolidated
?
v
Increased
Consolidated
•
,
$5
preferred
Consolidated
(quar.)_
v
6%
Industries,
convertible
2- 1
1-15
2-15
1-15
20C
$1.50
6-
2
9-
2
12-
1
40c
3-10
2-14
2-
I
4ya%
$4C
2-15
30c:
3-
1
IrlS
4-
2-
1
1-
6
$1.05
2-
1
1-
6
$1.25
3-
1
2-15
>15
Wood
General
>'!;
Baking
General Finance
General
General
Co,
Foods Corp.
Metals
General
$5
er
4- 1
1-27
preferred
3-20
2-1
1-15
> 1
1-15
'2- 1''
1-15
?
■
Y.)—
1-
1-15
4-
1
3-15
paid
2-
1
1-15
5-
1
4-15
8-
1
7-15
50C
11-
1
10-15
1-23*
1-28
$1.25
2-1
It 6
250
1-27
1-1Q
Inc.—
1-15
General
5%
■■
Waterworks,
5%
3-10
1-15
37 %C
1-31
1-21
$1.06 V*
$1
1-31
1-21
1-31
1-15
2-
I
1-16
1-31
1-21
1-30
1-18
2-15
1
2-15
3-12
3- 3
3-
2-15
$1.06%
3
35 c
2-
1
1-16
25c
3-15
2-28
3-
2-14
$1.12%
2-
ioy4c
1-15
1
2-
68%C
1-15
1
1-16
1
2-
$1.12%
Co.—
1
2-15
1-20
6-27
75c
50c
6-10
40C
1-8
25C
1-31
lr B
93 %c
(quar.)
1-31
1-31
1-
8
5c
2-
1
1-20
lc
2-
1
1-20
4'
2-
2-15
$1.25
75c
2-15
1-25
$1
$1
2-15
1-25
15C
1-31
1-21
65 c
1-31
1-21
$1.25
2-1
1-15
1
2-15
1-27
1-20
2-
1
1-15
2-
1'
1-15
(quar.)_
mar
—
1-25
2-15
3-
30c
')
$2.50
25C
ill
^
2-1
1-20
30c
1-29
1-17
50c
2-15
i-25
$1.50
2-15
1-25
1-U
50C
2-
25C
1-31
1-231.
50c
1-31
1-23
1
$1.50
2-
1
1-23
$1
2-
1
1-15
1-27
1-14
20c
common
1-27
1
2-13
2-
$1.50
1-14
3-
IOC
Corp.—
1
1-22
2-15
2-1
25c
(quar.)
56V4c
1
12-36
2-20
1-25
2-
1
1-15
2-
1
1- 4
1-11
2-
$25c
45C
$1
62 %C
-
2-
1
18C
2-
1
15C
2-
1
3-12
1- 8
1
3-10
3-
25c
2-28
1-31
40c
1-16
1-13
50c
2-
1
1-20
-
$1.12%
2-
1
1-20
•
1-31
1-17
.
$$1
3-
$1.75
2-
1
•
v
*V
t$1.75
2-
1
1-2
t8%c
2-
1
1-
7%c
2-
1
1-15
2
1-18
3-31
3-15
1-18
30c
3-15
3-
1-15/>
Intertype
15C)
2- 1
1-15
25c
4-
Irving
1-31
2-15
15C
Irving
1-20
Ironrite
3- 3
1-30
•
1-17-"'
IOC
2-1
2-15
2-
1-
IOCK
5-15
5-
1
8-15
8-
1
50c
(quar.)
?
>: 1
55c y.
(initial quar.)__
Co, common¬
(increased quar.).
—
(quar.)
(quar.)—__
preferred (s-a)__—:
1-20
50C
Jantzen
v
5-10
■-
"
1-25
2-15
93%o
2-1
1-8
$1.25
2- 1
3-12
2-18
2-15
2>1
25c ;
81.50
62 %C
87 %o.
$200
$1.25
2-1
1
12-31
2-
1
1-31
2-
1
•
1-17
1-17
1-23
$$1.25
2-1
1-10
250
5-30
5-27 '
"Mp/fe'l.v
&
:
15c
2-1
1-15
$1.25
3-1
2-25
}?
1-10
'
2-
/
$1
2-
$1.06%
87%C
2-
preferred B__^--_,___—
(JuUus) & Co. (extra)
Kingan St Company,
4% preferred
:
>
Stores,
Kroger Co, common
6%>
1st preferred
6% 1st preferred"
6% Tst ipreferred
(increased)
1-31
1
1-16
5c
2-15
2-
20c
15C
1
i
■
<2-15
2-15
1-31
m
$1.25
1-31
87 %C
'3-20
'
2-
$1
(quar.)__
(quar.)_i—_——
(quar.)
—
(quar.)
>
7% 2nd preferred (quar.)
1% -2nd preferred (quar.)_—:—
7,%';'2nd preferred
quar.)____■
1% '2nd preferred (quar.)—————■
1-U
2-
25c
common
1-18
1
1-31
.
75C
(quar.)
$1.37 % preferred (quar.)^.
Kokomo Water Works^ 6% pfd, (quar.)—;
Kobacker
•
2-1
$4
—
Switchboard St Supply Co, com
5% preferred (quar.)
KeiituOky Utilities, 1 % •'junior pfd. (qua*.} -
1
$1
(quar.) —
County Trust Co. (Bklyn.) (quar.)__
Knudsen' Creamery, 80c :pfd, (quar.)--^—-r-
1-17
■•2-15)?
:
1-15
1
$20
2-1
15C
Kings
12-31
1-31
•
12-31
2-
;
l-is
1-15
Kellogg
1-6
•.
1
^
1
■
Kayser
'"T-3I' '«
1-10*
2-
W.
$6
2-15
37%o?
Battery (quar.)
Kalamazoo Stove 8i Furnace Co.
Kansas City Power & Light—
K.
1-17
5-24
::
1-31
13%C
,
1-15
2- 1
1
2-
4
/
2-15
2-1
15ft
25c
1
2-
2-15
56%c
•
1-15
>3
$1.06 Va
12%<r
■
1-15
1-31
(F. L.)
Knitting Mills, com. (quar.)
preferred A (quar.)-.
—Jersey Central Power & Light—
'■■4% preferred (quar.)_
_______________
Jewel Tea Co, 4 %% preferred (quar.)____
V Johns-Manville Corp, 3%% pfd. (quar.) —
Johnson & Johnson, 8% preferred (s-a)
^
4% 2nd preferred A(quar.)_—
Jacobs
••
l
3-21
1
62 %C
■
,
•
55c conv.
$1.25
»
5%
1-15
1-31
pfd. (quar.)_
Co, 5% preferred (quar.)___
Ironer Co,
'
1-15
2- 1
»$12 %c
Corporation (increased)
Air Chute Co. (resumed)
(John) Shoe Corp;'(quar.)
■
5
1-30 '
,
'
16 %C
2- 1
:
:
2-28
1-30
$3
*
1-15
50C
arrears
25C
87 %c
preferred (quar)
Gerrard (S. A.),
1
3-
40c
_
RR. (initial)
Industrial Brownhoist Corp
Industrial Rayon Corp.
(quar.)
Industrial Silica, 6%% pfd, (accum.)
Institutional Shares, Ltd.—
Stock and bond group shares
Insurance Co. of the State of Pennsylvania.
Interchemical Corp. (increased quar.)
4%% preferred (quar.)
Inter-City Baking Co, Ltd. (extra)
International Harvester Co, 7% pfd. (quar.)
International Nickel Co. of Canada, Ltd.—
1% preferred (quar.)_L_
1% preferred ($5 par) (quar.)
International Resistance Co.—
6% convertible preferred (quar.)
Interstate Bakeries Corp, $5 pfd. (accum.) _
•1- 6
...
pfd,
3-
certificatesInstalment of $1.50 for each $20 of un¬
1-17
75C
$$1.12%
(quar.)_-_ lp:;12%0?
common
2-15
1-24
Dividend arrears
2-28
25c
1
Ltd,
1
Illinois Terminal
40c
(qu$r.).
6
1
$1
Wares,
3-
Co, common (quar.)
4% preferred (quar.)
Illinois Power Co, 5% preferred (quar.) —
2-
preferred (quar.)
.
$1.37%
$5.50 preferred (quar.)___--^_^^,^i^.j^>
$1,50
$6 preferred. (quar.)
Steel
2-15
Power
Idaho
50c
(quar.
$3.50 preferred
1
preferred (quar.)
50c
preferred (quar.)__L
General
1
3-
preferred (quar.)
Corporation (initial)
1
(increased quar.)
General Shoe Corp. com.
11-
Light & Power, $4
50c
$4 convertible
37%0
1
(quar.)
preferred
$2.50
pfd. (quar.)
pfd. (quar.)
Outdoor Advertising
1
12-
Co, common
3
$3
(quar.)
(Joseph)
2-
10c >
pfd.
1
8-
Hardart (N. Y.)
50c
Corp.—
$3.75
5-
1
preferred (quar.)
Hydro-Electric Securities Corp.—
5% preferred B (s-a)
1-17
General Public Service Co.—
Inc.—
;
Motors,
1
9-
(quar.)
2-
5% pfd. A (s-a)
General Mills, Inc._^——
1
6-
,
$2.25
1-17
1-31
^
common
Corp,
6%
1-31
30C
conv.
(irreg.)
common
Hussman-Ligonier Co,
1-31
30c>
4V2%
2-
25c
■•I.lr ■■ .lurr —. —— rr.m-.r-rr r-
$1.50
common
5%
Industries
1
2-15
Bartfett (monthly)
Hummel-Ross Fibre
50C
com.
3-18
3-
—
$25c
(irreg.)
.
l-lo
1
50c
common
common
>1#T-T
Hoving
$2
15C
1
4-
preferred (accum.)
of America-
Spencer
Houston
1-15
s
;
$20c
(quar.)—
(quar.)
preferred
6%
1-15
25C
•
,
2-14
3- 1
2-
25c
J
1
$1.25
1-15
Co, common
(quar.)
Gabriel Company,
12-31
General
150.:
1
3-20
8
Oil
Preferred
650
£
9-20
$1.50
(quar.)
1-18
6-20
2
1
(quar.)
preferred
$2.20
1-13
$1.50
(quar.)
7- 2
10-
1
Auto
Ltd,
J.),
(A.
1-18
1-28
34%C
(quar.)
Co~"$% preferred ("quar.)
Home
2-
■
60c
_________
3-20
2-
(s-a)
Froedtert Grain fis Malting,
Gar
$1
18 %e
4- 2
-loo
preferred
1-28
3
(Chas.
6 r/o
2-
Fire
Freiman
!
1-15
4-15
1
5-
30c
Quarterly
?
3*1
6-16
Quarterly
1
75c
E.) Company (quar.)
Hobbs Battery—
$1.75 convertible class A (accum.)
Holly Sugar Corp. (quar.)
Home Insurance Co.
(N. Y.) (s-a)
Homestead Fire Insurance (Bait.) (sra)
Horder's Inc.- (increased)
Hormel (George A.) fit Co. (quar.)
25C
Franklin
2-
1-31
Corp.
~—
JEXtr.fib
Hires
$1.12%
87 %C
—
Friedman
2-15
Company,
Company,
Higbee
$81.
1-15
1-20
2-15
Corp.
Hlbbard
1-17
•/.
9-15
?
25c
1-15
1-15
2-
$1.25
5% pfd. (quar.)
Chocolate Corp, common
$4 convertible preference (quar.)
1
2-
3-15
;
$1,50
25c
1-31
1-27
2-15
25c
of America, 4%% pfd. (quar.)__
Extra
1-24
2- 3
25c
1-31
2-15
56»/4C
(quar.) —
Hershey
1-17
1
2-
2-15
25c
$25C
15C
1-20
2-5
preferred (quarj—
Heidelberg Brewing Co. (quar.)
3-20
1-31
75C
of America
25c
2-
2-15
(quar.)
Electric fit Utilities
Horn St
Insurance (s-a)
(Louis) Realty Corp, com.
1-15
1-30
33A%
2-20
in
25C
i
Drive
Hecht
1-15
2-1
$1.50?'* 12-15
2- 1
$6.50 -■»(
Flour Mills
Wheel
1-31
Hercules Powder
preferred
Fullerton
$200
3-
Ltd.—
(initial)—
1-2
1-22
Corp.—
preferred
1
3-31
35c
Consolidated Grocers Corp., common
2-
$25C
-
————
$25c
2-15
Four
A.)
6%: 1st
i- a
1-15
5
Corp.
Havana
3
2- 1
1-17
37 %p
(N.
1-
$250
1
IOC
Co.
1-3
3-
,
2-24
$r
2-15
87 Vic
Co.
Dearborn
1-31
1-31
Hat
1-31
1-31
Southern
Edison
12-31
$6.50
(irreg.)
A
3 V2 %
$1.06 V*
quarterly '
1
1
$3c
(increased quar.)_
__________
2-
Hartford
3-15
(quar.)_
1-15
$1.25
$1.75
(quar.)—_
convertible preferred (quar.)
Electric Light, (quar.)
4%%
1-iS
•
'
1-18
$1
12-31
$32 %c
50c
;
1-15
1
$50c
1-18
1-31
50c
—-
*
Plywood
Haytian
2-
$1.25
.
Industries,
1
2-
1
Corp.,. common
1-10
1-27
1-27
25C
class A
Co,
$4.25 preferred
$100-
(quar.)
Foote Bros. Gear fis Machine Co, common__
Convertible preferred
(quar.)
1-31
$5
Foods^-—
Chemical
Co.
Class
St. Louis
Calif,
of
Filtrol
1-31
75c
75c
$20c
(M.
Harbor
$30c
(quar.)
preferred
prior
1- 7
1
$$1
$20c
Harshaw Chemical Co,
2- 1
.
$1.75
(quar.)
(quar.)
2-
$$1.25
Quarterly
Quarterly
Quarterly
——
Fedders-Quigan Corp.
(quar.)
Federal Mogul Corp.
Federal Screw Works (extra)
Federated Department Stores, Inc.—
Common
(quar.)
W/o
convertible preferred (quar.)
Fidelity fii Deposit Co. of Maryland (quar.)
Flbreboard Products, Inc.—
(New Hampshire)—
the
1-15
$25c>
Capwell Corp. (extra)
Ltd., 5% preferred (quar.) —
Eureka Pipe Line Co._
Fairbanks Co., 6% preferred (quar.)
Farmers & Traders Life Insurance Co. (Syra¬
cuse, N. Y.) (quar.)
Fashion Park, Inc. (initial quar.)
company
of
12-27
1
B
Hanna
1-31
1-31
$75C
Esmond Mills,
formed by ihe consolida¬
New England Ice
Co., Inc. and the'Distribution Terminal
tion
2-25
$37%c
Emporium
'30C
Class
2-15
1
2-
$30c
Associates (quar.)
—______________
2-17
50c
1-17
$37c
s
(quar.)
3-15
—
Oil
Hancock
$20c
$4.20
Connohio, Inc.—
A new
3-
$$1.25
.
2-17
$1.25
12-30
1-31
$1.50
pfd.
20C
preferred
(accum.)
Connecticut Light fit Power Co.—
$2.48
preferred <quar.)____
$2.20 preferred (quar.)
Connecticut River Rower 6% pfd. (quar.)__
-
1-30
15c
(increased quar.)__
common
preferred (quar.)
Bond St Share, $3.50
4J/a%
56JAc
$U2 y2
Pacific Ry.—
Corp.,
$27 %c
1st preferred A
Ekco Products,
1%
,
1-20
'35c
(quar.)
15c
1
2-
1-15
$20c
Quarterly
Quarterly
Quarterly
Quarterly
2-15
1
2-15
preferred A (quar.)^
(quar.)
6% 1st preferred A (quar.)
6% 1st preferred B (accum.)
6% 1st preferred B (accuin-)-Eastern Racing Association, Inc.—
$2 par and no par value (quar.)
$2 par and no par value (quar.)
$2 par and no par value (quar.)
$1 preferred (quar.)
Eastern Theatres, Ltd. (interim)
6%
1-24
Quarterly?''
Concord
1-15
•30C
_
Edison Co
International
Community Frosted
?
1-15
$15c
____
Co.
3-
12%C
30c
1-10
preferred (quar.)
Carbon
1-30
25c
1-20
1
1
3-15
Alabastime (Canada) —
Gypsum Lime &
1-20
—
22-
$1
Co, $5 preferred (quar.)
Trust Co. of N. Y.
Stock dividend.
One share for each nine
1-11
50c
1-10
$20c
25c
20c
35c
.
'3•
1-22 •
1
2-
Guaranty
12-31
1
^
1-2
1-22
6-20
$1.12%
23c
', Columbia Pictures Corp.—
Columbian
1
7-
1
2-1
?•
Guantanamo Sugar
8-15
8-15
—
25c
;r
(quar.)
(quar.)
& Electric
Mills
8-25
8-25
2-
1-31
of Canada—
5%% convertible preferred
Griess-Pfleger Tanning
1-15
7
Co
—
—
Corporation (quar) _______________
Massachusetts Street Railway—
1st preferred A (quar.)
:
2-15
50C
Griesedieck-Western Brewery—
2- 7
Eastern
Coast Breweries, Ltd.
(quar.)_.—___—__r_
Colgate-Palmolive-Peet Co. com. (quar.)
$3.50 preferred (quar.)
—
Oollingwood Terminals, Ltd., common
'Preference • (year-end): '
;
—
Colonial
1
1-27
2-
(quar.)
Brewing Co.
Duquesne
$3.50
(quar.)
preferred
3-
2-
Eastern
2nd preferred (s-a)
2nd preferred (s-a)
City of Paris Dry Goods—
^
5
7% %
Dwight Mfg.
\" 7 %
7%
iv
(quar.)
2-15
Co.—
Cleveland, Cincinnati, Chicago &
.Railway, common (s-a)_
__
common
1-10
75c
'
City Stores, common
Class A (quar.)—
11-
t$1.25
(quar.)
preferred
Duplan Corporation
1-15
(quar.)
(quar,)_
(quar.)
(quar.)
1st
11-15
17C
50c
(quar.)
Co:' (s-a)
1st
5
$$1.12%
1-24
1-10
_
Bradstreet, Inc.,
&
4%%
$1.25
(quar,)—
preferred
preferred
1st preferred
1st preferred
1%
1-6
12-31
25 c
Rubber, common
Grayson-Robinson
Great Lakes Dredge fit Dock Co.
Green (H. L.)
Co, Inc. (quar.)
5
8-
$1.50
Worsted, Ltd. (quar.),
iVz%
~
—
5-
8-15
$1
12-12
(quar.)
Utilities
*1%
1
5-15
10c
$1
(s-a)—
preferred
preferred
preferred
5p,C
75c
$$1.25
(quar.)
City of New York Insurance
City of Paris Dry Good&f1st preferred (quar.)
-
2-
2-15
2-
50c
Paper Co., Ltd.—
2-14
$1.25
(quar.)
Stores, $2.25 pfd. (quar.)_
5
50c
(quar.)
1-16
1
—
Co. ,(year-end)
Grant (W. T.) Co. (Del.)
(extra)
Graton fit Knight Go, 1% preferred
1-20
1-31
12yac
'
9-15
3-
(s-a) ___
Union
Grand
2
1-
1
2-
50C
conv. preferred (quar.)
Ducominun Metals & Supply (quar.)
1-15
1
Dun
Electric—
&
Gas
preferred
Citizens
Donnacona
1-24
Cincinnati New Orleans & Texas
5%
Dominion Woolens $
—
Cincinnati Inter-Terminal RR,
%
2-28
1- 2
(Texas)—
Chicago Mill & Lumber Co.
4
1
2-
1-20
2-14
7-
1-30
Gorham, Inc.,.class A (initial)
Class B (initial) —^
——
Grand Terminal Warehouse. & Cold Storage
Grand Trunk Warehouse fit Cold Storage—
3
1
2-
4 ViC
(quar.)
VTC
Common
1
Products—
Certain-teed
2-
Co.
common
4-
2%
4Vg% prior pref. (quar.)
—
Chain Store Investment Corp.—
4%% conv, pid. (quar.)_
Champion Paper & Fibre, com. (increased)—
$4.50 preferred
(quar.)
Chase Candy Co. (increased quar.)
Chase National Bank (N. Y.) (quar.) ______
Chateau-Gai Wines, Ltd. (interim)
Cincinnati
2-28
Copper.
Pasco
Malting,
1-31
$10c
___
(quar.)
Trust
preferred
Century Shares
2-15
3-1
$2
(quar.)
(quar.)
(quar.)
4-
$5c
-
1-17
—
Central Power & Light
/
2- 1
Electric Corp.—
Central Hudson Gas &
Common (quar.)
'
7- 1
5-31
$18%C
(increased s-al
& .Gas Co.,
2-28
12c
——-—■
.
4- I
$750
„____
(annual)
1-6
50C
(quar.)_
Dominion Oilcloth St Linoleum (quar.)
Extra ■
'
Dominion-Scottish Investments, Ltd.—
5% preference (accum.)
Dominion Stores, Ltd. (increased quar.)
Dominion Tar & Chemical, common (quar.)
12-27
pacific Railway—
A% non-cum pref.
(final)—
———
Canadian Utilities, Ltd., 5% pfd. (quar.) —
Cannon Mills Co. (extra)
_______'
Carolina Power & Light
Caterpillar Tractor, (quar.)————'
Celtiq Knitting Co., Ltd:
1-31
20c
preferred
5%
1-29
1-31
Canadian
Central
1-29
2-22
$183/4C
———
I__—.
(quar.) _
$1 convertible class A (quar.)———
Canadian Industries, Ltd. com. (Increased)
Celotex Corp. com.
5% pfd. (quar.)
1-16
1
6-14
10- 1
Kt
$5
Goodyear. Tire & Rubber Co.
4% : preference (quar.)
$1
Dominion
Foreign Securities
Canadian Food Products, Ltd., com.
:
2-
$$1.25
—
Canadian Investment Fund, Ltd. (quar.)
Canadian Investors. Corp., Ltd. (quar.)
1-31
25C
partic. preferred (s-a)
Co., Ltd.—
Amer. deposits receipts (interim)
Distillers Corp.-Seagrams, Ltd., 5 % pfd
Divco Corporation
(quar.)
Dobbs Houses, Inc.
(ipitial)
Dodge Mfg. Co. (quar.)
Dome Mines, Ltd,
Driminguez Oil Fields
Ddminion & Anglo Investment Corp., Ltd.—
5 % : preferred
(quar.)
Dominion Bridge Co.,' Ltd.
(quar.)_
Dominion Coal, Ltd., 6% pfd. (accum.)
Dominion Fabrics, Ltd. com. (quar.)
1st pfd. (quar.)
1
:
2nd pfd. (quar.) £
1-15
2-
&
Canadian
100
Distillers
—
.———
1-11
3-15 '*■
50c'
(quar.) —
convertible preferred (quar.)—
1-20
1
:
$3
1-15
$20c
class A
_.
1
2-
B
Class
1-15
2-
$750
Quarterly
2-
2-
1
>
15c
Inc.. (quar.)
;
Co, Inc. (quar.)
Goodyear Tire fit
9-15
4-
15c
Gotham Hosiery
1
2-15
25c
$1.25
87yac
participating preferred (s-a)
Dictograph Products Inc. (year-end)
Di Giorgio Fruit, class A__
1-31
2-
$$1.50
(quar.)
Foreign Investment Corp., Lt£.—•
Canadian
2-15
25c
—_———
(quar.).—
Class A
Yard
Stock
preferred
preferred
preferred
5%
1-11
$38c
.
(quar.)
Common
Canadian Converters
6-ia
Diamond Match Co.—
12-31
1
2-
$25e
(quar.) —i.———_—-
preference
$1.30
1-31
$$3.50
$1.75
(quar.)-
Canada Southern Railway (s-a),
,
^ Canadian Breweries. Ltd. (quar.)——
;
Canadian Bronze Co., Ltd.—
Common
(increased quar.)
——
.5%
preferred
(quar.).—
—
Canadian Gar & Foundry Co., Ltd.—
1
6%
;————
(s-a)
;
$2
(s-a)—
common
Packing Corp.,
preferred
6%
1-3
:
7-
Semi-annually
1
,15c
Co, $5 pfd. (quar.) —
Giipbel Brothers Inc. new com. (initial quar.)
Globe & Republic Insurance Co. of America—
Globe-Union,
6-14
10-
15c
(s-a)
,
3-15
L 4- 1
V. 1- 1
15c
Gillette Safety Razor
3-18
6-18
3rl9
class A (irreg.)
stock (quar.)
Union
Denver
$300
11.50 1st preferred (quar,)——
—
80c 2nd preferred (quar.)_
—
Calgary Power, Ltd., 6% pfd. (quar.) ——California Electric Power, com. (quar.)
$3 preferred (quar.)
&.
Campbell (A. S.) Co., commoq
Canada Cement Co., Ltd.—
1
90o
-
,
California
2-
1
$1.25
(quar.)___
Deposited Insurance Shares, series
Detroit Gasket fit Mfg. (initial quar.)__
Detroit-Michigan Stove Co.—
5%
preferred (quar.)
1-20
1
40C
.
Byron Jackson Co. (quar.) _
Caldwell Linen Mills, Ltd., common
2-
7- 1
4-
4- 1
Company
'
15c
A
Gilchrist
3-14
Payable oj Rec.
15c
(quar.)
(quar.)
Class B <quar.)___
Class B (quar.)___
Class B (quar.)__
Gibson Refrigerator Co. (resumed)
Gibraltar Fire & Marine Insurance
1-20
$1.25
$1.75
Brewing Co., class A
(quar.)_..\_
Holder»
When
Per
A
Class
2-15
$1.75
Dennison Mfg, Co.,
Debenture
250
$2
Brothers, Inc
Delaware Power fi; Light Co;___________j.__*
1-17
2" I
$$1.60
Broadway
$50c
:
-
1
2-15
3-31
3-
$$1.25
"
-5'*' fcty'l.-
Share
Class
12-23
250
Davidson
—
2nd preferred (quar.)
,
Department Stores (Los Angeles) —
•;v':v Quarterly
Brooklyn Union Gas Co. (quar.)
Brown Shoe Company, $3.60 pfd. (quar.) —
Brock Silk Mills, Ltd. (interim)-——
Buell Die & Machine Co. (irreg.)
Bullock's, Inc., 4%'- preferred (quar.)—
Burns & Company, class A (initial)———
Class B (Initial).
Burry Biscuit, $1.25 preferred (quar.)—___
Butterfly Hosiery Mills, Ltd.—
7% preferred (s-a) —————•
Byers (A. M.) Co., 1% preferred (quar.)—
(quar.)
(quar.)
Bank Trust Co. (N. Y.)<—
quarterly
'Water Co., 5% pfd. (quar.)
Davenport
1-15
2-1
$$1,75
6%
2-14
Company
(increased)
Common
-
;
75c
Corrugated Paper Box Co., Ltd.—
5% preferred (quar.)___^__
Crown Cork & Seal, Ltd. (quar.)
Crum fit Forster, 2% preferred (quar,) ——
Cuban-Ameyican Sugar Co.—
1%
preferred (quar.)
;__
:
7%-' preferred (quar.)
Cuban Atlaptic Sugar, 5% preferred (quar.)
5%
preferred (quar.)
;
:
Cuneo Press, Inc., A>k% pfd. (quar.)______
1-15
v
B.)
(W.
Increased
•
Roller Bearing--—
Brsntford Roofing, Ltd. (interim)—.
Brewing Corp. of America (quar.)
British Celanese Ltd.-—
Bower
prior
$3
1-18
deposit receipts lor ordinary
registered (final) —
————
British Columbia Pulp & Paper—
20c
(quar.)____
V
Name of Company
Genessee
3-15
2-14
Corn Exchange
25C
(initial quar.)
Ltd., class A
Company,
93%c
'•
•
V
2-25*
25c
(Interim)
common
preference
2-
20c
Blumenthal
P
*
Co.,
Can
$3.75 preferred
(quar.)
Cook Paint & Varnish, common
20c
& Co.
(Sidney)
—
Bon Ami, class A (quar.)
Class B ■—i
*
——-—Booth Fisheries Corp., common
,i% preferred (quar.)—
Boston Edison Co.
(quar.) _~.it.—-w—:
Boston Fund Inc. —
—
(Philip)
Blum
;
2-10
3*1
75c
Share
Namq of Company •
Payable o/ Aec.
Share
.Name of Campani a
$3 convertible
Blue Ridge Corp.,
When ijtQliert
Payable 0/ Reo.
Per
Holier*
When
Per
3-25
;
1-31,
2QC
34 %6
2-
-
•
$1.50
1
2-
1
•
3- I
60o
4-1
$1.50
$1.50 i
'
7-1
$1.75
10- I
".fl-.-l
$1.75
?,-54 1?
$1.75
V8- 1
$1.50
$1.75
11-
1
2- 9
1-20
,
i.
Per
,
Name,of Company
.
.
$406
—-
'
Lehigh
Portland
y
12 %o
*m
mm
1-21
Niagara
2-15
Noma
2-
4-
1
:50c
3-
<
1-17
1
50C
3-
3-
:
1
1
2-
•
■:
•
3-10
3-
3-24
Corporation (quar.)
(quar.)
Porcupine Mines, Ltd.
McLellan Stores (quar.)
—
Norwalk Tire
3-1
2- 4
3-
2-
i\
15c
1
2-
4
■
1-20
1
10c
2-
1
2-
1
.
1-20
$2
1-17
$1.50
2-
88c
1
1-17
1-25
37 %c
12-31
3-12
37 %c
3-28
$1
2-
3-14
1
1-29
5c
2-12
$1.06%
1
2-
25c
1-15
1-31
$1.06%
2-
1-
2
20c
2-28
$$1
2-28
2-
30c
2-
1
1-20
30c
2-1
1-20
.
Merchants
<
(N.
Y.)
&
Manufacturers
$1.75
1-27
1-17
50c
;(s-a)
prior lien
2-
1-15
12-31
2-
$6
preferred (quar.)
preferred (quar.)
6%
1-18
$50%C
3-
2-
1-29
1-15
2-1
1-17
2-
1
1-17
2-15
$2.40
preferred
Mid-Continent
2-
1
2-
1
$2
non
20c
2- 1
1-18
Pere
1
1-18
1
1-18
1-31
1-17
1-15
2-
1-15
3-14
4-
3-14
25C
2-
12-31
—
(quar.)
4-
1
$2
4-
1
Midwest Rubber Reclaiming Co.
25C
2-
1
Miles Shoes, Inc.,
Extra
1-31
1-31
$1.18%
1-31
2-
1-15
(quar.)
Mine Hill & Schuylkill Haven RR. Co.
Mississippi Power & Light—
s.
.$6 1st preferred (quar.)
(s-a)_
$1
3-11
5%
Utilities Co.,
common
$1.50
(quar.),
Mitchell (J. S.) & Co., Ltd. (annual)
'
Monarch Knitting, Ltd., common
(quar.)„
5% preference (quar.)
Monongahela Power, 4.40% preferred (quar.)
'Montana Power Co., $6 preferred
(quar.)
Monsanto Chemical, $3.25 pfd. A
(s-a)
Moody's Investors Service—
$3 participating preferred (quar.)
—
1
Special
3-
1
Potomac
1-15
25c
(quar.)
preferred
2-
2-15
$1.25
3-
$$2.50
3-
1
4-
1
2-28
1
2-15
(John)
Morris
& Co.
Paper Mills,
?, 4%%
preferred
Morris Plan Corp.
$2.25
Motor
preferred
Wheel
(increased quar.)
2-28
1-15
2
62 %c
of
1-31
1-11
3-10
2-24
3-30
A
(quar.)
3-15
56 %c
(quar.)
30c
lc
—
$7
preferred
(quar.)
$7 preferred
(quar.).
$7 preferred (quar.)
.
3-10
3-
1-31
36-
2-
1-20
—
56'Ac
2-
1-15
20c
2-
1-20
2-
1-20
(quar.)
Extra
'National
Alfalfa Dehydrating &
Milling Co.—
Common (initial)
National Battery Co. (quar.)—
Chemical
&
Mfg. Co.
'-National City Bank' (N.
.National Company
1-15
Reliance Electric &
1-18
Common
Common
1-10
3-
1-31
2c
2-
1-22
4-21
8-
1
7-22
2c
—
National Ledd Co., 8%
1
2c
(quar.)
5-
10-30
10-26
preferred B (quar.),
$1.50
"National Liberty Insur. Co. of
America (s-a)
10c
2-15
5c
2-15
1-31
10c
4-
1
3-15
$1.12%
4-
.:
Extra
■
_„i
National Linen Service
Cofp;, com, (quar.4Va % preferred (quar.)
:
(quar.).
National Manufacturers & Stores
Corp
*
6% prior preferred (quar.)
•
;
i
National Securities & Research
Corp.
»Preferred Stock series-,—^—-
*Stock series
*Selected Groups series_-,-*-i-,i,^
♦Amounts shovvn
are
estimates.
1-13
1-31
'
I
3-15
1-31
1-16
•1.50
1-31
1-31
14c
,
Fabrics
1
25c
.
National-Mallinson
2-
2-15
1-31
90c
14c
2-15
1-31
,5C
2-15
1-31
1-30
$1.60
1- 2
2- 1
1-15
2-
1
1-14
2-1
1-14
2-
1
1-
2-
1
1-20
1-25
12-31
2- 1
1-10
95c
2- 1
1-10,
50c
2-
1-20
convertible
f
1-16
2-
90c
1
1
Company
$1.50
2-15
2-15
1-24*
2-15
3-15
3-
5
3-15
3-
5
4-15
1-24*
4-
'
5
41 %c
2-
1
1-15
2-
1
1-15
2- 1
1-15
2-
1
2-
$1.25
20c
$25c
$62%c
1
4-
1
2-15
3-
1-24
2-28
2-25
preferred
20c
1-29
20c
2-
1
1-23
2-
1
1-23
2s 6d
2-
2-
75c
50c
(quar.).
1
1
1
222-
1
1
1
7%
preferred
6%
1-20
,
10%
1-16
1-17
25c
2- 1
4- 1
7%c
2- 1
1-20
1-31
1-20
12%c
68%c
1-25
Rlce-Stix Dry Goods Co., common
2-15
(quar.)—
1-10
1-25
Quarterly
Richmond Insurance Co.
Extra
(N.
Y.)
(quar.)
;
Grande
Valley Gas Co.,—.
Riverside Cement Co., $5 pfd. (quar.)
Robinson Cotton Mills, Ltd. (Interim)
Rochester Transit Corp. (s-a)
Rockland Light & Power (quar.)
Rolland Paper Co., Ltd. com.
(quar.),.
{
:
Ltd.,
class A
preferred
1-
1
1-18*
Rose's 5, 10 & 25c Stores
(quar.)
Rutland & Whitehall Railroad
2-15
2-
3-15
3- 1
1
25c
(quar.)——
Foods, Inc./ common
$15c
(quar.)—
2- 1
1-20
$1.05
2-15
2-1
1-31
1-18
50c
———
25c
1-31
1-18
4-30
4-18
50c
12-20
1-10 r
1
1
1
1-10
2-15
1-31
2-15
1-31
62 %C
2-
1
1-25
41%C
2-1
1-23
60CM
,
50C
2-
1
58 %c
58%c
2-
1-23
1
1-23
$$i
1-30
11-18
25c
•
2-15
1-25
1-31
1-13
1
3-20
2-
25C
8
1-10
4- 2
3-10
2- 1
1-15
<
2-14
2-
5
$38c
2-15
1-15
2-28
1-31
1-14
15c
2-
1
10c
2-
1
58Vs6
2-
i
•
?;
1-14
& Railways Co.—
(monthly)
3-
58 %C
1-15
1
2-15
53c
2-
1
1-15
53c
3-
1
2-15
(monthly)
50c
2-
1
1-15
(monthly)
50c>/
3-
1
$1.25
Air
(accum.)
4-
1
3-17
$1.25
(quar.)
(quar.)—
Profit-Sharing Corp.—
7-
1
6-16
i-3i
i-i$
50c
Conditioning Corp.—
preferred
A
$1.75
(quar.)
2-1
2-
25c
United Transit Co., 5% preferred (quar.),,.
Universal Leaf Tobacco, common (quar.) —
Universal Pictures Co.
(quar.)..
2-
$1.06%
1-15
1-15*
If
i's
3-
1-13*
2-18 :
1
75C
•V
2-
1
1-20"
62%c
2-
1
1-15
$1
2-
1
1-16
50c
Universal
Inc.,
/
25c
(quar.)
i
1-15.f
1-31
20c
2-
1
1-10
7%c
2-
1
1-15-f
75C
A-3-
1
$1.37%
*',/$2
3-
1
2-26
2-
1
1-17-
15c
(quar.),
4-
1
3-20
6-20
•
2-20
156
7-
1
50c
2-
1
1-13
Viceroy Mfg. Co., Ltd.
$9c
3-15
3- 1
37 %c
2-1
1-15
37%c
5-1
4-15
37 %c
8-1
13 %6
2-15
-
.
(irreg.)—
Virginian Railway, 6% preferred (quar.)_—
6% preferred (quar.)..,.—
6% preferred (quar.)
Vlsklng Corporation—
Class A (monthly)
Class A (monthly)
Class B (monthly)
Class
B
(monthly)
7-15
a
,;*
——
Walker & Company, class B—
Walker (Hiram) G. & W., Ltd. (quar.)
I'S- el
—
5
2-15
2-
5,
3-15
3-
S
10c
—
3-
13%c
13%c
——
•
1-13
1-31
4-
Vertlentes-Camaguey Sugar Co. of Cuba—
Quarterly
—...
-
1-14
22-
75c
1-10
1
2-17
12-13
»
2-
15c
preferred (monthly)
prior preferred (monthly)
preferred (monthly)
Freeze,
Quarterly
1-15
$$1.06%
(quar.)
^&>conv; preferred (quar.),
4% conv, preferred (quar.),
1
H
3-1
$1.75
(quar.).
1-21
1
CO
$25c
$1.50
1-21
2-
1-31
87 %c
4-15
2-
2-28
1
$1.50
,
1
2-
1-24*
I
Stores
2-
1-25
50c
1-10
3-
$1.25
—
1-15
13c
2- »
1
4-
25c
2- 1
$10c
2-
2-1
62 %c
5-
I
1
-2-10
$5c
15C
2-
3-20
1-20
40c
Velvet
2- 1
4-1
2-
$1.12%:-
—-
1-15
5c
3-20
50c
1-15
$1.25
1-15
4- 1
40c
1
1
1-31
75c
2- 1
2-15
2-
3,1-30.
31 %c
Class A pfd. (quar.)
2-
$1
1-7
2-14
256,
50c
35c
(quar.)
'
50C
_
2- 5
1
2-15
1-10
'.1-7
1
-
-U. S. Hoffman Machinery, 4%% pfd. (quar.)
U. S. Radiator Corp., $3 preferred (accum.)
3-10
2-
1-10
2-1
(quar.)—.—
50c
35c
3- 1
2- 1
'vt'*';.
Winding Co
Utility Appliance Corp
Valley Mould & Iron Corp., com. (increased)
$5.50 prior preference "(quar.)
Valspar Corp., $4 convertible preferred (s-a)
$1.31%
U
3-10
;
25c
15c
(quar.),
(quar.)
1-15
1
40c
50c
pfd.
common
2-
2-
—
prior
Extra
1-15
3-20
1-15
2- 5
2-1
(quar.)
U. 8..Industrial Chemical Co.
3-12
93%c
1
87%0
(quar.)
(quar.)
preferred
7%
1-17
87%c
2-
2-15
$75c
$75c
preferred
preferred
5%
United
1-20
6c
,
2-17
1
$ 10c
(quar.)—
(s-a)
prior preferred
prior preferred
5%
1-20
2- 1
1-31
3-
United Merchants & Manufacturers—
1-20
52 %c
/ 3- 1
•
prior
8.36%
U. S.
(quar.)
com.
■
606
$15o
;
(quar.)
prior preferred
7%
1-20
2-13
B
6.36%
6%
25C
4-1,5
15c
United Light
2-14
25C
1-15
5-
40c
$56%c
10c
50c
United Drill & Tool Corp., class A (quar.),.
Class B
;,*>•»
12-20
50C
2-
$$1,25
preferred
Corps.,
Class
1-15
2-
2-26
Biscuits, Inc. (irreg.)
Company (quar.)
Cigar-Whelan
United
1-16
1-31
2-15 '
3-12
17 %C
1- 3
t25c
S-10
Corp.—
$3.50 convertible preferred (quar.)
United Corporation, $3 pfd.
(quar.)
3-10
56 %c
&
United
2- 7
2- 1
1-15
Special
5
1
2-
250
208 South La Salle Street Corp. (quar.)
Union Oil Co. of California (quar.)
1-15
3-
1-13
common
Transamerica Corp.
1-15
2-15
1-31
2-
60c
—
2-15
3- 1
i-20
2-
-——
Texas. Power & Light, 7% preferred (quar.)
$6 preferred (quar.)
Thatcher Glass Mfg. Co., new com. (initial)
$2.40
preferred
(quar.)_
Thermoid Co., $2.50 conv. pfd. (quar.),
Toledo Edison Co., 5% pfd. (monthly)
6% preferred (monthly)—
7% preferred (monthly)
Traders Building Assn. Ltd.
(quar.)..
Trane Company
1-11
3- 1
1-15
3-15
(quar.)
Teck Hughes Gold Mines (interim)
1-31
1
1-15
2-
$1.50
& Company—
(initial quar.)..
preferred
5% %
1-20
2-
1-20
2-
Tacony-Palmyra Bridge Co.—
1-20
2-
l-io
3-
Special
Swift International Co., Ltd.—
Deposit certificates (quar.)
1-16
2-15
2-15
2-15
(J. P.)
prior
Swift
1-16
$1.50
,—
Class B
(quar.),————
Rhode Island Public Service class A
$2 preferred (quar.)
S & W Fine
(A.) ;&
5%
Engineering—
Reynolds Tobacco Co.,
Rio
$1.75
1-15
(quar.).—
Struthers Wells Corporation—
12-31
$1.50
2-14
$1.03%
Stott Briquet Co., $2 preferred
12-31
12 %C
2-
2-28
50c
(quar.)
Sun Oil Company 4V2%
1-21
1
2-15
$1.10
m
Ltd.,
Canada,
Sunshine
1-21
'•<
'•
12-16
common
(quar.)
of
1-15
5c
1- 6
$1
1-15
50C
3
$1
2-
25c
(quar.)_
common
%
Service,
2-
25c
Company,
B
Common
1-20
.
1-10
2-
Chemical, Ltd.—
Stokely-Van Camp,
1- &
1
1-15
1
92 %c
(quar.),,:—
Public
preferred
Stevens
1
2-
$1,25
2-13
2-15
'■
preferred (quar.)
preferred
(quar.)
Co.
7%
Stein
$1.10
2-15
3-15
2-
$1.20
$190
—
convertible
Class
7*
17 %c
25C
2-25
$25c
preferred (quar.)
Standard Fuel, Ltd., 4%% preferred (quar.)
Standard Silica Corp. (quar.)
Standard Steel Spring, 4% conv. pfd. (quar.)
Standard
Wholesale
Phosphate
&
Acid
Works /(quar.) . -i.—
Stanley Brock, Ltd., class A (quar.)
1-15
1
1
37%c
5%
preferred
(quar.)
Standard Dredging Corp.—
1-14
2-15
2-
$$1.50
$1.06%
50c
Republic Investors Fund
Rich's, Inc., 3%% preferred (quar.)
Republic Petroleum Co. com—
*5%% preferred A (quar.)—
4%%
■
3-15
2- 5
41%c
Revere Copper & Brass 5%%
1
1
2-15
preferred
Standard
J.—
(quar.)
w
1-11*
2c
(quar.)
of N.
Reliance Manufacturing (111.), com.
(quar.),
3%% conv.: preferred (quar.)
Republic Drill & Tool Co., 6% pfd. (quar.),
1-11*
$15c
Common-(quar.)
$2.10
1-15
2-
4-
1-10
1-31
preferred (quar.)
$4 preferred (quar.)
1-25
50c
•
2-17
$4
2-15
2-15
50c
(quar.)
Co. $2 Class A
2-
2-
3-1
58%<i
(quar.),
com.
B
2-
2-
$2
$1.25
preferred
(C. A.)
Reading
25c
*
>
$3
Class
1-20
25c
1-14
10c
(quar.)
Sparks-Withington Co., 6% pfd.
Spencer Kellogg & Sons, Inc.—
Increased quarterly
Squibb (E. R.) & Sons, common
1-23
1-31
1
2-
$20o
(quar.)
Canada Power-.,--,--.-—-----
preferred
4.15%
*1-15
2- 5
25C
2-
29%c
(quar.)
—;j**————
2- 1
75c
40c
2-
\
1-10
3.70%
1-20
32 %c
1- 2
,
4-
Southwestern
1-20
1
25c
.—;
1-10
2-
1
2-
50c
Co.
2-
7%C
2-
1
1-31
t '1-31
12-28
4.4^o
1-20
$1.50
1-31
2-
lOo
/
Southam Company, Ltd. (quar.)
Southwestern Electric Service—
1-31
$1.75
2-15
Common
1-20
1-30
'<2-15
$25c
Southern Indiana Gas & Electric—
1-31
2-15
$1,37%
M.)
15c
National Drug &
Chemical, conv. pfd. (quar.)
.National Electric
Welding Machine—
0 Common (quar.)
;
(J.
80c
:.
(Del.) —
4%% preferred (quar.)__
National Distillers Products
—
preferred (quar.)
6% preferred (quar.)
30c
(year-end)
,0 Extra
-
(quar.)
180
National Container Corp.
•'
Power
Extra
Reed
(quar.)
Y.)
2-15
2-
(quar.)
Grocery, 4%% pfd. (quar.)
Radio Corp of
America, com. (year-end)
Railway & Light Securities, common (quar.)
4% preferred (quar.)
1
Rand Mines, Ltd.—
OrdinaryyiBearer
Raymond Concrete Pile, com. (quar.)
8-15
25C
1-31
2-15
2-15
$75o
$20o
Southern
"
redeemable
Radford
5-15
9-
2-15
$27%c
—
1-1Q
:
■
1
4.8%
30C
Co., common
preferred
Quebec
2-15
$1.75
1st pfd. (quar.)
4%% pfd. (quar.)
Oil
Quaker Oats Co.,
1-15
12-31
VX|
1-15
2-
—
mm mm mm
1
2-
(monthly)
Cum.
12-31
—
—-.mm mm mm mm mm
2-
50c
Puget Sound Power & Light (reduced)
Purity Flour Mills, Ltd. com. (initial
s-a)__
2-15
1-20
1-15
20c
(monthly)
(monthly)
preferred
5%
2-21
3
1-21
25c
Public Service Corp.
6%
preferred
8
1-26
$1.75
Straus-Duparquet
National
1-
70c
Narragansett Electric,
;
45c
1
$1.75
_
'Munising Paper Co., 5%
Nathan
$12%c
2-
,2-3
1-30
(quar.)
(quar.)
3.60%
preferred
5%
Pure
'Diablo Oil Mining & Development—
Quarterly :
,—
Mount Royal Rice Mills, Ltd.
(quar.)
'Mountain States Power Co., com.
(increased)
:;v; 5% preferred (quar.)
-Mullins Manufacturing Corp.—
■
6%
1
25c
(quar.)
Mount
;
2-
America—
series
Corp.
2-15
2-25
1-27
com.—
preferred (quar.)
Public Service Co. of
Colorado,
7% preferred (monthly)
5-10
75c
3
$3
1-17
2-1
'12-25
1-28
$1.25
5%
1-13
6-
1-
1-17
2- 1
35o
:
1
87%c
$30c
'
—
$1
Class' B
$1.62%
3-20
1-29
30c
75c
1
1
1
4- 2
25c
2-
(increased)
(initial)
90c
Prosperity Co., class A
4-
2-
59 %c
common
(quar.)
Edison
$1.10
2-
$25c
B
Extra
Steel
Extra
-
Morrell
preferred
$$1.25
$1.50
1-17
50c
pfd. (quar.)
Potomac Electric Power, 6%
pfd. (quar.)
5%%
preferred
(quar.)
Procter & Gamble Co.
(quar.)—
2-10
$15c
1-15
1
50c
$1.25
Plymouth Cordage Co. (quar.)
Employees stock
Portland Gas & Coke, 7%
preferred (accum.)
6% preferred (accum.)-.———,
Portland Transit Co. (initial
quar.)
•
Missouri
Corp.
prior pfd.
$2 conv.
3-11
1
1-31
2-
$1.12%
Marquette Railway—
Pig'n Whistle
1-20
preferred
1-15
$75c
preferred (quar.)
$3.60 preferred (quar.)
1-20
4%%
1
4%
1-20
65c
2-
$1
1
3-15
-
Philip Morris & Co., Ltd.—_
1-16
20c
(quar.)
(quar.)
common
1
$1.62%
(Phila.)
—
1-15
2-
4-
2-
75C
Philadelphia Company, common (irregular),
Philadelphia Electric 4.4% pfd. (quar.)
3.8% preferred (initial)
Philadelphia Insulated Wire (s-a)__,
Philadelphia & Reading Coal & Iron,—,,*.
Philip-Jones hew 5% pfd, (initial)—,
1-15
25c
2-15
25c
—
$1.50
59y0c
3-
Mines, Ltd. (year-end)
$20c
Dairies, Ltd., 40c partic. pfd.—
$20c
Simpson's, Ltd., class A (interim),,,
$75o
4%%
preferred (quar.)
1
$$1.12%
Sinclair Oil Corp. (quar.).-—25o,
Blater (N.) & Co., Ltd. (quar.)
$30c
Smith (A. O.) Corp.
,—-250
Solar Manufacturing Corp.—
55c conv* pref. A (quar.).—......
13%c
South Bend Lathe Works (quar.)
60c
.South Coast Corp.
(resumed)
10c
South Porto Rico Sugar ,(special)
—.--35o
Southern California Edison Co., Ltd.—
1
34%C
5% prior preference
(accum.),
Perkins Machine & Gear
(quar.)
2-
25c
1-31
2-
2-15
50C
2-
2-
50c
$20c
Silverwood
1-21
1
25c
1-10
41%c
Extra
1-24
2-
2-14
1
Sigma
1-15
2-26
31 %C
^initial)—
common
2-
$1.75
1-30
t3c
40c
37 %c
(quar.)——,
;
25C
$25
$1.25
$1.25
Electric, 6% pfd. (quar.)
preferred
8-21
$15
(quar.)
25c
60c
preferred
(quar.)
Gold
$1.75
—
(special)
cumulative
preferred
1-15
Extra
1-25
50 c
8%
1-30
V
3- 1
1
com. (quar.),Sherwin-Williams Co., of Canada, Ltd.—
;:* Common
(increased quar.)
2-13
20c
2- 6
2-
^Sheraton Corp. of America,
3-1
preferred
New
Midland Steel Products—
"
2-28
4-1
1-17*
2-15
pref. (Inltjal)—,
convertible class A
Class
:
1-10
3-15
Pennsylvania Power Co. $4.25 pfd. (quar.),
Peoples National Bank (Brooklyn, N. Y.)—
1-15
$1.50
com.
B5c
3
40c
1-20
1
;;'2- 1
$lJAc
■
•
Shawinlgan Water «Sc Power Co.
Sheas Winnipeg Brewery, Ltd.—
1-16
2-1
,
Sharp & Dohme, $3.50 preference A (quar.),
1-15
2-
1-20
'
1-20
■
15c
Co., ^common (quar.)
(quar.)—
Mines, Ltd. (irreg.)—,—_—
preferred
6%
1-22
$25c
(quar.)
Petroleum
2-10
37 %c
$1 preferred (quar.)
Penn Investment Co.—
$4 non-cum. convertible preferred
Pennman's Ltd., common (quar.),
Co.
—
1-31
—
1-31
1
$1.50
common
$1.50
—
1-15
1-29
$1
_
3-10
I
2- I
(year-end),——
Co.
—
1-15
2-
50c
(quar.)
$1
37%c
•2-
27%c
85c
15o
—
Manufacturing Cb.-^
preferred (quar.)-,-,,^,,^.-,^—
Electric Co.
(quar.)
JSecord (Laura)
Candy, Shops Ltd. (quar.),,
Segal Lock & Hardware Co., $2.50 preferred
Security, Insurance
CO. ;
(New
Haven,—
Conn.)
(quar.)
1
—
Rubber
preferred (quar.)—
(quar.)_:
Lighting, common (quar.)
Pacific Portland Cement, 6%%
pfd. (accum.)
Pacific Power & Light, $6
preferred (quar.)
7%
preferred (quar.)—
Pacific Public Service
Co., $1.30 pfd. (quar.)_
Park & Tilford, Inc.
(quar.),—
Parke, Davis & Co.,—
Peabody Coal Co., 6% preferred (accum.)
Peninsular Grinding Wheel (irreg.)
Peninsular Telephone Co., com.
(quar.),—
1-15
2-
1
20c
Mickelberry's Food products
O'Brien
5%
1-15
2-
$15c
*
preferred
2-
1-15
>
2-10
,50q
'
(quar.)—
$3.63
1-20
Pacific
*
$6
2- 1
12-31
*2- l
■
Scranton
1-15
$3.75
preferred A (quar.)
1,;
Soovlll
1-20
2- 1
50c
preferred
Pacific Gas &
1-15
2-
„
•
1-31
$3
75c
$1.75
Mercury Mills, Ltd. (quar.)
Meyercord Company (irreg.)
Michigan Bakeries, Inc., common (irreg.)
$1 non-cum. prior preference (quar.)
7% preferred (quar.)
Michigan Central Railroad (s-a)_
Michigan Gas & Electric Co.—
7% prior lien preferred (quar.)
5%
5%
1
40c
Insurance
2-
1
5%%
-
Melville Shoe Corp., common
(quar.)
4% preferred (quar.)
Mercantile Stores Co., 7% pfd. (quar.)
'
Hampshire (auar.)
Ohio Casualty Insurance Co.
(s-a)
Oklahoma Natural Gas Co. new com.
(initial)
4%% preferred (quar.)—
2-14
25c
—
-
2-14
Pacific Coast Mortgage (liquidating)
Pacific Finance Corp., (Calif.)—
1-20
1
75c
-
1-10
1-20
3-
60C
Company (quar.)
Oliver Corporation, 4'/2% conv.
pfd. (quar.)
Oliver United Filters, class A
(quar.)
Ontario Beauty Supply
Co., Ltd.—
Participating convertible preferred (quar.)
Otis Elevator Co. (Irreg.),
Outboard Marine & Mfg. Co
Outlet Company (year-end)
1
2-
50c
(quar.)
5%%
Paper Co,. $3.40 preferred
Scotten Dillon Co. (irreg.)
12-31
2-
13%c
L
1
^
:
Co.-—
Scott
1-16
2-
Okonite
1-31
2-15
$1.07
Extra
•
&
**
McGraw Electric
-Mclntyre
1
2-
2-
Nu-Enamel Corp.
Nunn-Bush Shoe
7
$25c
—
(quar.)
Schwitzer-Oummins
12-31
2-
2-20
—
(qpar.)_
—
2-24
$1.50
$6 1st preferred
(quar.)—
Grain Co., Ltd., class A
1- 2
75c
Gas__,,—
Engineering
Quarterly
+
2-
*
1
$25c
•
McCabe
preferred
Liberties
Northwest
.
McCall
2-15
$t
5
1-15
97^60
—
pfd. (accum.)
(stock dividend)
Corp.
Northern Railroad of New
.
2-15
3-10
50c
Marine
-
Electric
Adjustment
'
Bancorporation—
t
Initial stock (quar.)
Fully participating (quar.)
i
Marion Power
Shovel, 7% pfd. (accum.)
Marshall Field & Co., common
(quar.)—...
-Massawippi Valley RR. Co. (s-a)—
Maytag Company, $3 preferred (quar.)
600
93%c
.
preferred '(qua£J„,—,—
Schenley Distillers Corp.
Northwestern States Portland Cement—
mm
4%%
preferred
(quar.)
1—
Macco Corp.
(quar.)
Macy (R. H.) & Co., 4%% pfd. A (quar.)—
Madison Square Garden
Maple Leaf Gardens, Ltd. (interim)
•
2-
1
2-
$40c
$$1.75
(quar.)
55c convertible
Light Corp.-
preferred (quar.)
Hudson Power, $5
Northern
•
•
2-15
2-
50c
Northern Illinois Corp., $1.50 conv.
pfd. (quar.)
2-15
;
l :
20c
vLuscombe Airplane Corp. (initial)
Luzerne County Gas & Electric—
v
7-31
v
$1.75
2-10
,
A
.i*3-
3.90%
,
.
-•
—
53 Vic
$1.18%
—**—
2-10
2-28
2-28
25C
;
.
1
20C
•
.1/m.r-
8-15
,
Norfolk & ♦Western Railway—
$2.50
.
$1
<*•
1-Sl
15c
1-28
87 %c
Taylor, 8% 2nd pfd. (quarJ
Louisiana Power & Light, $6
pfd. (quar.)
Louisville Gas & Electric
(Ky.), common—
Louisville & Nashville RR. Co.
(quar.)
Lowenstein (M) Sons, common
(quar.)
4%% preferred A (quar.)
:—
Ludlow Typograph Co
•
Power &
(s-a)
(quar.)
1-31
2-15
Merchandise
York
1-17
Lord &
i
York
New
1
(quar.)__*
'
New
1-21
1
2-
Loblaw Groceterias
Co., Ltd., class A (quar.)
Class
B
(quar.)—.—
Loew's Boston Theatre Co.
mi
Fire Insurance
New Process Co., 7% preferred
New York Air Brake Co
8
1-15
2-
—
"
2-
<
i; '2- 1
50C ,:V;
Original capital
:
Special guaranteed (quar0
.Loblaw Groceterias, Inc. (quar.)
•'
1
1/
25C
Carbonic
I
New Brunswick
1-15*
32-
$1
Corp., common tquar.j
3%%*■■> preferred
(quar.)
*
Little Miami RR. Co.—'
•••".:
'
1-15
87 %c
.
j
1
37 %C.
preferred■'$(quar.)
Liquid
2-18
■
1
96 %C
Extra
v,
22-
2-15
Payable of Rec.
Share
St. Lawrence Flour Mills, Ltd. com.
7% preferred (quar.)
Samson United Corp.—
'•
Holder§
When
per
Name of Company
j
1-31
$1.25
(s-a)*-,——
—
Texas, $5 pfd. (s-a)Link-Belt. Co. ..(quar.)——---Extra
—.j,
1——
Lionel Corporation
(quar.)
,
2-28
75c
2-15
25c
Co., 4%% pfd. (quar.)
Brothers, 4%% preferred (quar.)—
Neptur.e Meter, $2.40 preferred (quar.)
New Bedford Gas & Edison Light Co.
(quar.)
Newberry (J. J.) 3%% preferred (quar.)
3-10
Holders
Payable of Rec.
50C
$1.25
Neisner
1-15
1
4-
preferred
When
Share
—
National Tea
12-20
"<2-'l>
f'
/
'
Common (extra)
preferred (s-a)*
5%
5%
.
1
2-
1
50c
Lincoln Stores, Inc. (extra)—
Linen Service Corp. of
,
2-
25c
i
3-1
3-1
$25c
Cement
(J.) & Sons, 3.85% pfd. (initial
quar.)
Liberty Loan Corp, 50c pid. (quar.)——
Lincoln Pointing
Co., commbn.^...^^.i.«
Less
$3.50
■;
$$1.75
$2%0
,—
(
Per
Name of Company
v
National Paper & Type Co., common
1-25
1
3-
56 %c
Lang (J. A.) & Sons, Ltd. (quar.)
Lanston Monotype Machine
(quar.)
Lebanon Valley Gas. 6%
©referred lauar.),
Lee Tire & Rubber Corp. (quar.)
,
2-10
v
.....—
.
X
Holderi
Payable of Rec.
10c
—
;
When
Share
L'Aiglon Apparel, Inc. (quar.)
Lake of the Woods Milling Co., Ltd.—
Common (quar.)
7%
preferred (quar.)
Iiamaque Gold Mines (interim)
Lane Bryant 4% % preferred
(quar.)
2-20
13'Ac
$30o
3-15
3-15
2-
7-/
'
THE COMMERCIAL & FINANCIAL CHRONICLE
194)1
Monday, January 27,
1
Per
'
'
Warren Brothers Co.-
Sftp
$1.35
class
iquar.) —
A
$1.12 x/a
$1.06V*
—
preferred
6%
Westchester
'
pfd.
1-27
$1.75
$1.50
2-15
2-15
1-17
1-17
40c
(quar.)
2- 1
1-17
10c
2-1
2- 1
1-15
1-15
81%$
2- 1
1-15
75c
2-15
2- 1
'
30c
Extra
,
Western Light & Telephone Co., Inc.—
preferred
Western Pacific RR. Co., common (quar.)..
$5 preferred A Hquar.f.-ui..—'•*
Westvaco Chlorine Products-—
preferred
$3.75
writing.
2- 7
(irreg.)
Insurance (quar.)—__,—
Fire
5-15
2-14
2-8
2- 1
Co.
Mfg.
"
'
$1.25
prior lien
(quar.)
x
■0< $4
B.)
(J.
2- 1
6%
preferred
1
1-21
1
1
1
1-21
2-15
2-
20c
3-
1
4-
1
Cab
Co.
preferred
convertible
6%
York
1
1
2-
1
1-20
3-
1
1-31
1-21
4-30
4-19
37 VaC
7-31
7-21
1
1
1-
8
2-
1
1-
8
2-
1
1-15
125c
2-
1
1-15
J37V2C
t31V»c
2-
1
1-15
2-
1
1-15
(quar.).
(quar.)__
common
Extra
?
6%
preferred (quar.)
5%
'
preferred
:,'xLess 30%
(quar.)
not
closed
for
Canadian
resident1
15%; resident tax 7%
tax
reports
Jan.
ended
number
hours
kilowatt
of
available
18,
Jan.
10.69%.—V.
of
Jersey
Power
&
165,
Co.
—
Subsidi¬
Sale of
company
the
will
same
to
free
Monsanto
time
permit
is
said
have
to
occurred
in
mechanical
able
4);
and
164,
is
about
V.
contemplated
March
164,
that
The
15:
the stockholders
directors
approved
meeting will be held
the proposal on Jan.
the
the
stafed. **
traffic
&
/
bids
more
The company
for
than thd number of main¬
had still more in recent
Serial
John
ahare.
Proceeds
G.
will
17
(10c
used
filed
par)
Perry &
be
capital.
Co.,
for
letter of notification with
a
to
common
>'
be
Colo
Denver,
offered
is
of
oil
development
;4v
'
•
named
wells
at
the
25
equal
annual
a
underwriter.
as
and
for
will
working
to
principal
as
was
been
E.
Jan.
on
bid
a
102.296.
of
received
were
Three
the
at
other
Years Ended Dec. 31*income
Expenses
±
V
*
1946
1
sale.
They
$42,101
12,270
$24,653
$29,830
155
140
490
,
25
for
Distributions
.
Federal
Income
paid
or
•/-•Exclusive of profit
The fund
during
the
as
payable
or
loss
'
-
915
$28,563
23,521
__^
sale
on
608
$23,399
-
for distribution
remuneration
*gent.
/
taxes
avail,
for
.
and
as
disbursing
?
A dividend of 15 cents per. share voted by.the directors was.paid on
Jan. 15,; .1946. .Three prior dividends oflO ■ cents each - were - paid
during 1945, bringing total distributions to 45 cents per share,
( :The asset value' ofrVthe-shares appreciated from $12:08 at the
beginning of the year to $16.44, a gain nf- 36%.
J 4
'
SHEET,
DEC.
-Calendar Years-
' REFINANCING PLAN
.
'
.
31, .1946
$32,095,097 $30,419,650
10,059,402
9,263,150
8,974,39*
9,760,182
expenses
& gas purT
for resale:
2,202,330
16,910
6,197,957
1,905,543
2,884,673
3,019,782
2,848,868
2,619,857
1,592,000
2,035,000
3,158,521
•3,231,332
2,426,000
3,121,741
1.563.41&
2,967,152
Operating income
$6,034,611
$6,139;877
$6,238,175
$6,174,428
(net;
6,862
24,865
104,134
14,743
$6,189,172
1,856,92®
$4,424,136
$4,332,251
41,745
47,817
6,609,033
2,341,943
of
(depr.)
plant
and
for retire,
prop.,
equipment
Provision for taxes:
income
Federal
Other
Other
—
income
Total income deductions
$6,041,473
1,776,522
$6,164,742 ' $6,342,310
1,918,173
1,806,276
income—
$4,264,951
$4,3^8,466
Gross
.
income
Net
•Reduction
Federal
in
•
; '942,000;
taxes--—.
income
(Balance
•
:
Subsequent
to
the
issuance
and
sale
of
the
bonds,
new
earned
to
transf'd
....
....
.
.
v.
917,40®
$5,844,136
$5;249,65k
..".t'-'.W-X&t..
$4,264,951
surplus
11,^20;000
$5,300,466.
^
mV
..
the
therewith/ the number of authorized shares of serial preferred' stock
Vilt be increased from -120,000- shares- to -150,000 shares.
-.
•* * '
*
(4) Prior to the issue of the' new preferred stock,
the capital
-
annHeohla
t.n
-
.....
fho'
from
..
-
cnmmnn
' ctunlC
to the common stock
$21,294,455 to $22,000,000.
applicable
ftff.hA
of
the
Will
cnmrunv
will
company
,.
,
Noma,
rrent.inn
.
hf» 'inereflsed "
be
increased
Electric Corp.-Cicates New
of'a
H
eLinecr
new4
Wrtf
VV*.-''- ,f—_
and
PROCEEDS—Out of, (1) the proceeds from the
department.
and new preferred stock estimated to aggregate
<<We have Just
(2k the capital contribution to be made by General
we rcari fully examine
and
Public Utilities Corp. in the amount of $7,500,000;; company.will make a and decorative Ughting
following disbursements:
the Noma organization
of
new
$28,000,000,
Department
products department was -announced on
Exec'u^
Charm,
in.
hands
of
custodian,
$70,946;
$2,054; deferred charges, $329
;.
From
INABILITIES—Accrued expenses
for rFederal; Income
taxes,
reserve
.....
.J
proceeds
A laboratory and
the sale of. $13,000,000 new
stock esti-.
$25,000,000,^ to, the redemption, of fc/,
from
.
mated to aggregate
capital1/stock $($1
-
~
,....
-
-en*.
it,
'
7.
.
model
-
»
f
«v.
viw
fits*..**~ V"
V"
i*"
>
l
o-
'
t-cei'ti
.....
yj't?;
'
/r;
pHjni'i'.t! ".tn
••
•
-
-
-n
**'.
'V
'J?
"
-
■t
--_
in/ the toy* 'n®*elt^v
* mHWin an*
'
appraise -all- new ideas
bonds and'120,000 shares of new preferred
$608;
..
OF
bonds
and
the
Jan>4 2®
project
fw
"
•cash
v,
•Resulting from deductions,
4
and. amortization charges
on securltie^ .ot;i°rmer. indict ^V
(reorganized in January 1946 under Chapter-X _0^, ^
^
Act). which- deductions are.•no-4pngerr..Ayailable^-ini'View- of..the Teot^fZi,.
ganization' of such parents.-^ ^
(Of which $1,380,000 in-cartLuf-the^year^
Concurrently with the delivery of and payment for the new preferred
atock, the-company will call for redemption all of the issued and
outstanding. 5.10% Cumulative preferred stock; and will *
trust, cash in an amount sufficient to effect the redemption
5.10% stock in accordance with the terms thereof.
Also,
sale
owned _and .held by, xustodlan (market value,
$678,912) at cost, $573,178; securities sold but not delivered, $61,933;
Ji
1943
1944
1945
'46
41,749
6,227,949
1,927,463
Prov.
at
^
INCOME
6,403,084
a
as
APPLICATION
BALANCE
ASSETS-r-Securitles
-
Inc.
Yantis & Co.,
S.
OF
.
aggregate of $10,086
management
-
250,000
150,000
100,000
250,000
Woodard-Elwood & Co._
$32,216,762 $33,344,576
Affiliates
,
:
(3)
..
an
*100,0001
Brothers & Co.—
Harold E. Wood & Co.—
F.
r-fi
Writer &-Chris-
Henseny Tnc.——,jrt
Stern
150,000
1,200,000
revenues
oper.
chasd
company intends to issue and
sell to the stock purchasers'150,000
shares of cumulative preferred
stock
(competitive bidding Feb. 4).
29,476
"
of securities.
paid the Mutual Management Co.
year
188
x__
•Balance of net income
Peters,
500,000
250,000
,
Capital stock tax______
r
several underwriters and the
be purchased by each severally are
..w
Milwaukee Co
Electricity
,
Provision
.
the
of
names
bonds to
amounts oi
Operating
General Public Utilities Corp., parent, prior to the issue of the
new
bonds, will make. a capital contribution of $7,500,000 in cash
to the company.
-•
->
•
v>> r
(2) Company will issue-and sell to the bond purchasers $13,000,000
first mortgage bonds, 2%%
series due 1977 (new bonds).
Concur*
rently with the delivery of and payment for the new bonds, the
company will call for redemption all of the issued and outstanding
first
mortgage bonds, 3%%
series
due 1964,
and will deposit, in
trust, cash in an amount sufficient to effect the redemption of such
3%% bonds in accordance with the terms thereof. J
:
1945
..
$36,798
Jersey franchise tax
46,484shs*
(1)
12,145
.*
__
k: Remainder before taxes
Maryland taxes
Jfew
f. • %.
,
„
iv--;-———.
150,000 shs.
follows:
Total
regular
redemption
;
1Rnnnftcw
not
does
Nov. 30,
21
or by the use of cash deposited
provisions of the indenture, at special redemption prices.
redemption price is 105.88 and the initial special
price is 102.89 plus accrued interest in each case.
-
initial
"
Dividend
supplemented
STATEMENT
under certain
Mutual Investment Fund, Inc.—Annual
Report—
>
as
Otis & Co
the option of the company on any date prior
whole or from time to time in part, on at least
days' notice at the regular redemption prices.
Bonds will also
redeemable on like notice through operation of sinking and im¬
The
.4,994,000
150,000 shs.
50,000 shs.
par)
Mullaney, Ross & Co.*.—
Nashville Securities Co.-
provement fund and maintenance fund
Buck, Executive Vice-President of American Distilling Co.,
President and a director.—V.
164, p. 3145.
elected
.
^
^0,000 shs.
11 Mos. End.
awarded
redeemable
mateurity,
30
•
nnn
„
$5,000,000
,3
13,000,000
p
Halsey, Stuart & Co. Inc._$9,900,000
The First Cleveland Corp.
150,000
instal¬
Corp.,
be
{
,
)
—
indenture as supplemented.
denomination
of
$1,000 registerable as
to
principal only, and
fully registered form in denominations of $1,000 and authorized mul¬
tiples thereof.
Coupon and registered bonds interchangeable.
Bonds
SEC
cents
jV| Moxie Co.—New PresidentWaiter
(no
($35,393,000'
'f-7
limit the amount of bonds
which may be outstanding at any one time, but provides for tn§
issuance of bonds
in compliance with restrictions contained in ther
•Indenture
Barney & Co., 103.13; The First
and Glore, Forgan &
Co.,
101.7812; and Harriman
Inc., 101.65.
Dated Jan. 1, 1947; due Jan. 1, 1977.
Interest payable Jan. 1 and
July 1 at. office or agency of company in New York.
Coupon form
be
has
stock
UNDERWRITERS—The
10
-)
preferred stock (par $1001
preferred stock
Common
Outstanding
Authorized
i
cumulative
New
more
Outstanding
Authorized
in
Jan.
on
shares
750,000
It
.
It has
100.00%=,
$35,150,687
Title of Issue—
,
required
naming a 2%% coupon,
Blyth & Co., Inc., and Smith,
were:
.58
PROPOSED FINANCING
GIVING EFFECT TO
(Inc.) on Jan. 23 publicly offered $13,000,mortgage
bonds, 2%% series .due 1977 at
issue
Boston
1.25
204,55b
*
first mortgage bonds:
3%% series due 1971__
2%% series due 1977—
Elmira Water, Light & RR.:
1st consolidated 5s,
1956
St. Louis RR.—Invites Equip¬
each
or
13.60
oaI'Irc
heating
and interest.
The
84.57
4,781,353
Co.
1st
102"%
Operating Revenues—*
% of Total
Omnibus
has issued invitations. for bids to be considered Feb.
$1,000,000 of. equipment, trust certificates. The certificates will
Otis &
operating revenue®
departments were
heating
steam
and
Qnc
The
f Morton Oil Co., Casper, Wyo.—Files with SEC—
omnibus
gas,
$29,726,984
Ripley & Co.,
r
electric,
Amount
New York State Electric & Gas Corp.—Bonds Offered
—A syndicate headed
by Halsey Stuart & Co. Inc. and
23.—
70%
—Gross
company
000
on
approximately 1,120,000, or
is located outside the cor*
at
census,
estimates about
Electric
maintenance-of-way depart¬
dated'* Feb: "15,,,1947, arid will mature in
ments Feb*.' 15, 1948-57.—-V. 165,
p.-340.
2268.
p.
for
4
:vs The company plans to increase its authorized capital stock of no
par
value from 400,000 shares to 1,200,000 shares, and to split-up
the 400,000 outstanding shares on a two-for-one basis.
Federal
1940
off close to 7,000 maintenance
be
(John) Morrell & Co.—Plans to Split-Up Stock—
It
heavier
the
New York, Chicago
2694.
p.
the
company
follows:
ment Trust Bids—
while imparting certain desir¬
physical properties.—V.
of
the
of
y -
because
its
of
character
York
New
•
seasonal curtailment,-; it was
The
the
in
electric
provides
of
about 35%
basis
of
as
irom
an
virtually double their original bulk
changes
major
the
of
porate limits of cities.
For the 12 months ended Nov. 30, 1946 the gross
maintenance work.
The railroad, the report said, is trying to cut back to the same-sized
force
it
had
in
1942, when it handled approximately the present
amount of business.—V. 165, p. 340.
Production
King,
T.
the
of
any
all
CAPITALIZATION,
years
Manager, said the new, three-buildilng
dependency on outside sources and
exacting control over product quality.
During the past year, Mr. King said, the wood flour market has
been extremely erratic, with demand frequently exceeding supply.
He
•warned, however, that the new plant will eliminate only one of several
factors adversely affecting production of phenolic moulding compounds.
In the new plant, white pine sawdust and other mill waste/products
will be reduced to a particle size approximating that of wh£at flour.
The wood flour is compounded with resins, lubricants and accelerators
Carl
.
at
making
owns
State
Steam
The company,/it was said, still has
tenance-of-way. men it had in 1942;
new
rendering steam heating service and bus
operating properties are located
New York.
Company has no present
in
Company's
State
Total
ary
company's Plastics Division
facility
of
or
which
weather restricts a good deal of maintenance work, such
laying of rail and cleaning of ballast.
In addition, there is a sea¬
sonal drop in the-Railroad's business at this period of the year.
The
layoff by the company, however, was'&mre drastic than the custom¬
on Jan. 21 announced it has under
plant for production of wood flour, key ingredient
of phenolic-type plastics sold under the trade
name
Resinox.
This
plant is expected to be in production by May 1.
,
the
company
the
miles,
Winter
Monsanto Chemical Co.- -Constructing New Plant—
a
only,
service.
or gas service or both within. area3
aggregating approximately 16,700 square
the area of the State.
Within these areas
the
company
serves
13 cities,
145 villages and 387 towns which
include numerous rural areas, in the south-central, eastern and west-*
em
parts of the State.
The population of the territory provided
with one or more services by the company is estimated by it, orx
The
in
the
ment.,
-.ttflfc
The
extent
within
reduction
(Continued from.page 540)
years.
preferred stock (the only voting stock*
of Staten Island Edison Corp., an operating public utility company*
but
the
income received
by the company from its investment in
such
subsidiary is not significant.
Company has entered into an
agreement, subject to the approval of regulatory bodies having juris¬
diction to sell for $272,500 this investment in Staten Island Edison
Corp. to NY PA NJ Utilities Co., former parent company, to the
rights of which under said agreement, General Public Utilities Corp*
succeeded
upon
the
dissolution on Dec. 31, 1946 of
NY PA NJ
Utilities Co.
The required approvals have not as yet been obtained.
as
;
previous
employees, in a general move to cut expenses.* However, part of this
layoff was also attributed to seasonal conditions.
About 90% of the
Corporation and
Investment News
construction
minor
a
Company
340.
p.
Light
The company is reported, to have laid
i
in
transportation
entirely
Lays Off 7,000 Employees—
General
3,000,000
———
BUSINESS—Corporation was organized in New Yorlc
the corporate name of Ithaca Gas Light Co*
without limit as to time.
Company's present corporate
adopted on Aug. 22, 1929 following several changes in
under
company is an operating public utility engaged principally ia
production, purchase, transmission, distribution and sale of elec¬
tricity, natural gas and manufactured gas.
It is ■ also engaged, but
in December reacquired $5,127,000 Michigan Central
mortgage 3y2S due May 1, 1952, according to a report filed
Securities
and
Exchange
Commission.
This reduced the
amount of the issue outstanding to $12,873,000 compared with $18,000,000 at the end of 1945. The bonds, reacquired at a cost of $5,541,312, were canceled.
The company also reports that in 1946 it bought $5,702,000 of its
refunding and improvement 4X/2S for $4,959,722 and $3,410,000 of its
refunding and improvement 5s for $3,220,536. The amount of the
4Vis outstanding at the year end was $102,235,000 compared with
$107,937,000 at the end of 1945. The total of 5s outstanding at the
end of 1946 was $67,032,000 compared with $70,442,000 in 1945.
Non¬
source.
construction
new
The
340.
p.
5,800,875
:, v
of new prebe placed in
the
with
British income tax.
a Less
.
165,
was
91,625
260,000
at
for
made
RR. first
non-residents' tax.
is
name
New York Central RR.—Debt Reduced—
dividend.
this
15%
^Payable in Canadian funds, tax deductible at the
,
ended
increase
an
The
Jamaica income tax.
books
•Transfer
"tPayable in U. S. funds, less
r:
600,000
business.
1-16
2-
2-
5% on
5.10%
at
stock,
preferred
share-
AND
1852
name
ago.—V.
year
a
28,
Charter
1-15
1-24
5c
50c
$1.50
Extra
Spellers, Ltd.,
17, the Association reports electric output
an increase of 1,648,217 kwh. or 12.47%
kwh. for the corresponding week a
is
13,214,457
The company's proposed sale of its gas system and properties for
$361,000 to Rena R. Carver, Calvin R. Carver and Doris C. Fearon
has been approved by the Securities and Exchange Commission.
Three New Jersey corporations, viz:
City Gas Co. of New Jersey,
City Gas Co. of Phillipsburg and City Gas of Newton have been
formed to take title to the properties.—V. 164, p. 3147.
2-14
125c
Fields
Oct.
aries—
2-14
2-28
5c
Gold
serial
premium
redemption
of
from the sale of 30,000 shares
ferred stock, estimated at $3,000,000, to
HISTORY
is reported at 203,954,000 cu. ft., an increase of 24,193,000
above production of 179,761,000 cu. ft. for the cor¬
week
New
2-28
Gas (quar.).
(Thomas) Orchids (irreg.)—
Consolidated
Yuba
Association—Output—
2-14
County
-Young
of
shares
Proceeds
intention
441,
87%c
37V2C
(quar.).
747,500
————
-
payment
estimated
(c)
for
2-10
25c
40c
10c
(quar.)
(quar.)
preferred
with SEC—
2-10
3-
Company—
convertible
'&■
3-
10c
convertible preferred
12,000,000
redeemed, from date of call to redemption dates,
in the respective ariiounts of $40,625
and $51,000,
aggregating
(iv) To payment of certain costs and expenses of financ¬
ing, estimated at
;___.
(v) Balance to be placed in escrow for new construction,
has been ap¬
1947 as 71,212,243 compared with 65,686,673
19, 1946, an increase of 8.41%.
The comparible figure for the week ended Jan. 11, 1947 was 72,116,-
3-24
1-15
50c
(quar.)
y'- 6%
of
Association
the
in
1
2-
;
i*"G%
Y.,
N.
England Power Association—Weekly Output—
week
the
4-10
J25c
(irreg.)
Co.
Co., New York,
the capital stock.
to
1-15
1
$13,000,000.
*
cumulative (par $100) per
(iii) To payment of interest and dividends on securities to
13.46%
or
The
2-
1964
the
120,000
-
New
1-15
1-31
$1.50
$1.25
(monthly)
To
.
This
kwh.
responding week
50c
Wurlitzer'(Rudolph)
Wyandotte Worsted
Extra -Ii—,——
Trust
Jan.
ago.
ft.
3-17
J$1.75
common
due
(ii)
purposes.
2-10
(accum.)
jr.,;
&
ended
production
Gas output
cu.
5
25c
,
Extras
Wrigley (Wm.),
Yellow
year
1-20
2-
Woolworth (P. W.) Company (increased quar.)
C
above
1-20
1
22-
(quar.)__
(1897)
preferred
Bank
week
14,862,674
1-21
Public
1st
the
For
2-
(quar.).....
Service, 5% pfd. (quar.)_„
'Wool Combing Corp. of Canada, Ltd. (quar.)
Wood, Alexander & James, Ltd.—
7%
corporate
general
company | on Jan. 20 filed a letter of notification with the SEC
for 4,000 shares of common stock to be offered at market. Under¬
writer, Amott Baker & Co., Inc. Proceeds will go to selling stockholder,
—V. 164, p. 830.
..." ;
1-10
••
50c
$1.25
•fl $4.25 preferred /:(quar.)_
'Wisconsin Gas & Electric Co.—
.•Wisconsin
for
serial
a of
.
escrow
$1.06%
Co., $1 preferred
common____i
Chemical
_
50c
& Company,
Wilson
used
interest):.
120,000
shares
preferred
stock,4- >5.10%
cumulative .(par $100) .(exclusive of redemption pre;
mium and accrued dividends)
j-—(b) From the ifcapital contribution to be made by General
Public Utilities Corp. in the amount of $7,500,000:!
(i) To the payment of redemption premium at 5%%
on
$13,000,000* first mortgage bonds, 3%% -series
The
2-
„
1;Williams
be
Neville. Island (Pa.) Glass Co., Inc.—Files
$1
conv. preference
_
Wilbur-Suchard Chocolate Co., $5 pfd. (quar.)
/
will
Proceeds
pointed transfer agent for
$1.37J/2
...
.
1
,
(ii)
be
The
of
I.
,
.;
-
2-15 *'v' 2-1
•
93 %c
5V2% convertible preferred (quar.)
/White Sewing Machine Corp., $2 prior pfd..
;
s.
(The) Nesbett Fund, Inc.—Transfer Agent—
Wheeling & Lake Erie Ry. Co.—
4%
net
Stores Corp.—Files with SEC—
New England Gas & Electric
(quar.)
(i) $13,000,000' :firsfc mortgage bonds, 3%% ' series due'
1964 (exclusive of .redemption premium and accrued
account,
annrA^iafinti
nni<afll4aa/1
naf
a
a
The company on Jan. 15 filed a letter of notification with the SEC
for $250,000 15-year 3 x/2% income notes to be offered at par. No under¬
3-1
2-26
2-15
tquar.)__
Point
West
7%
Electric,
West Penn
5-15
2-15
15c'
I2V2C
25c '
(quar.)
Coast LLe Insurance
West
1-25
1-25
40c
preferred
wtop
there
.
1-15
National Plumbing;
-Wentworth Mig. Co., common—_
<
1-15
6- 2
3- 1
6- 2
$2.50.
$1.25
$1.25
.——_—
preferred (quar.)i
5% preferred (quar.) _—«.
fWellman Engineering Co. (year-end)
6%
convertible
TWO' I ^Wr.CI 2_/4' f
IQ^C
NOTES^xr^<?lf^Cl944
unrealized appreciation
of $105,734^ based on market quotations as of that date.
'
Purchases and sales of investment securities during the year ended
Dec, 31, 1946 aggregated $151,216 and $382,799 respectively.—V. 164,
p. 2156.
kpk
* r
^
!
•; /■
1-15
■
2-10
2-10
:
.-
-
v,
Electric—
)Washington Railway &
\ b%- preferred (s-a)
$1
''
-
2- 1
62 Vie' 4<2- 1
37%c '
2- 1
_
-v,
*
33%c
—
g ■' Class ■ B.
Washington Gas Light, common;.—.;——
$4.50 convertible preferred (quar.)—_—
$4.25 preferred (quar.)
$56,110; pai<J-in surplus, ,$780,901; security profit- aritf'.loss
' £r$145,830; undistributed income, $793; totar, $708,440, >
;
Payable ojRec.
"-
•*
'
Holier
When
Share
ikMatne ofCdmpany
,
—
—
■"
*
■
11,11
",1"
4
*
ff*
'
-...^ ft,,
Aulal:
....
..
Number 4563
Volume 165
t4" l
carbon
New York
The
.collateral
1947,
21
directs that deliveries of
ucts.
4*/a% bonds, due 1975,'up to and including Feb: 6,
be made either with temporary bonds or with permanent
beginning Feb. 7, 1947, only permanent bonds shall.be a
trust
may
bonds;
Stock Exchange on. Jan,
include
•'
v..'.
i
bonds may be exchanged for permanent bonds at the
of J. P. Morgan & Co., Inc., 23 Wall Street, New York, N. Y.
165, p. 340.
Temporary
office
—V.
wide
variety
of
differing
items,
in
l)is "services
miscellaneous
Initial Dividend—
1
names
the underwriters and
of
severally
shares
of
number
net
and
The directors have declared
initial quarterly dividend of
an
per share on the common stock,
Jan. 25, 1947.—V. 165, p. 215.
to
purchased
be
by
the
respec¬
each
are
-'
Owens-Illiaiols Glass Co.
as
Herman
follows:
No.
of
No.
Kimble has
K.
Assistant
Of
Treasurer
and
"J
been
E.
™
T
L.
ew
.
output of this company for the week ended Jan. 18, 1947,
totaled 57,038,000 kwh., as compared with 49,255,000 kwh. for the
corresponding week last year, an increase of 15.7%.—V. 165, p. 340.
shares
2,000
MacColl, Fraser & Co
Martin, Burns & Corbett,
5,000
Albert
Slocumb & Co,>_—
2,000
Buckley Brothers
11,500
Butcher & Sherrerd___—_
8,000
Co.,
The First Boston
Bioren &
Co.
Service
Public
Co.
—
Underwriting
Co.
The
■
First
Boston
Corp., it is reported, is forming a syndicate to
offering of the entire common and preferred stocks of
the company, consisting of 410,000 shares of common and 26,000 shares
of 4Ya % preferred.
\#>-
public
Holders
Will
have
3417.
p.
of
a
Campbell,
T
1—
Lanning,
Inc.
presently outstanding 39,852 shares of preferred
prior privilege to purchase the new preferred.—V. 164,
;<■/,
_
Northwestern
Co.—To Distribute Fearn
Yeast
,
ga
_
Stock
The
mailed
about
Feb.
L,
Emerson
&
richs
R.
H.
and
&
Ohio
H.
Hano.,
.
Company
—
of California—
1,000
2,500
6,000
9,500
6,000
Co.
Pantasote
1,500
Schneider and Co.—
1,000
Stroud & Co., Inc.—
Sutro & Co.-—
6,500
Watkins & Fordon, Inc—_
1,000
10,000
.
1945
Nov. 30, '46 June 30, '46
p. 3148.
Net
$151,495
sale
1,390,415
1944
>
$402,027
3,367,910
$242,365
3,781,084
$108,553
1,376,652
Government-
sales,
Other
years prior to the commencement of the war,
one of the principal suppliers
to the railroads of pas¬
curtains, vestibule curtains, and special locomotive and
caboose upholstery, having supplied over 80% of their requirementa.
Pantasote also manufactured approximately 20%
of all railway car
senger
-
The
^profits for its 1947 fiscal year to be as good"maybe a little better" than 1946, John W. Whitehead, Presi¬
dent, stated following the ; annual meeting.
1
The company reported earnings of $2.25 a share for the fiscal year
«nded Sept. 30, 1946, giving no consideration to dividends paid on the
preferred stock, which was retired during the year.
The company had a net profit, after taxes and charges, for Oc¬
tober and November, 1946, of $93,284. This compared with $99,441 in
the like 1946 period. During .the first two months of the 1947 fiscal
year, however,'the company's activities were curtailed by a
strike
which, it is estimated, cost in the neighborhood of $40,000.
,s
Gross sales before taxes, in the first quarter of-the current fiscal
,.year were $3,407,848, compared with $2,789,137 in the like 1946 period.
Mr. Whitehead expressed the belief that the company would be able
.
company .^expects
and
,
,
to maintain
The
its
company
current
semi-annual payment
has unfilled
orders
37%
of
cents
estimated at 60 to
90
a
share.
days, he
added.
For report for fiscal year
ended Sept. 30, 1946, see V. 165, p. 215.
1943
Selling,
.
New Haven & Hartford RR.,
at room 494, South Station,
Boston, Mass.;1 on $1,800,000 first mortgage gold bonds, series B, to
fee dated March 1, 1947 and to mature on March 1, 1967. Bidders will
awime interest rate in multiples of Ve of 1%. Proceeds will be used to'
refund a like amount of the first mortgage A 4%s, coming due on
March 1.—V. 155, p. 1124.
-
Ohio Associated Telephone Co.—Earnings—
Period
•
End.
Nov.
30—T
1546—Month—1945
$225,336
245
Operating revenues
Uncollectible
oper.
rev._
Operating revenues—
Operating expenses
Operating taxes —
-
Net
oper. income
Net after charges
—V.
1946—11 Mos.—1945
■
$112,940
135
$1,621,761
1,720
$1,180,845
1,426
$225,091
166,761
22,167
$112,805
71,578
27,699
$1,620,041
1,176,071
198,697
$1,179,419
716,018
$36,163
$13,528
$245,273
$187,978
28,914
7,917
165,770
125,517
275,423
165, p. 111.
Ohio Electric Mfg. Co.—Increases Production—
Chester
Bland, President, has announced an employee bonus system
(or rewarding improved production which became effective at the plant
.
«on Jan.
Under
1.
this
bonus
plan, all production and maintenance workers
will share equally in a percentage fund that accumulates semi-annually
Yrom maintenance of production and increased output of motors.
Em-
Jployees who will have been with the company during four of the six
months' period, and in the company's employ at the time of dis¬
tribution of the funds, will be eligible for the bonus.
The new bonus system is the direct result of a greatly increased
production of motors during the last three months of 1946.
When Mr. Bland and his associates assumed ownership and man¬
agement of the plant last April, production was at a standstill.
The
company was in the grip of a two months' strike and was definitely
■
In the red.
widespread strikes in steel and copper industries and re¬
shortages of raw materials added to the production problems.
Mr. Bland scoured the country for all short materials and was suc¬
cessful
in obtaining
them.
Production increased under the new
regime, despite obvious shortages, and it was not long before the huge
fcacklog of orders began to shrink.
Mr. Bland, who is also President of Bland Industries, states that
the company is now in the process of retooling and installing new
machinery and methods.—V. 147, p. 125.
The
.
then
sultant
5 Old Town Ribbon & Carbon Co., Inc., Brooklyn, N. Y.
Corp and associates
on Jan. 21 offered 140,900 shares of common stock (par
$5) at $18 per share. The shares are being purchased
from three individuals and none of the proceeds will
toe received by the company.
The issue has been over¬
—Stock Offered—The First Boston
•
subscribed.
Gross income
CAPITALIZATION
Special charges
y
r
stock
1
—_
stock (par $5).
earned surplus,
reduced to the
to its common
account.
DIVIDENDS—During the year 1946 dividends were declared and
paid on the then outstanding 20,000 shares of common stock without
par value in the amount of $100,000, equivalent to 33% cents per
share on the presently outstanding 300,000 shares of common stock
of the par value of $5 per share.
The board
y
Outstanding
stock (par $5)
450,000 shs.
300,000 shs.
? The foregoing gives effect to the recapitalization effected Jan. 15,
1947 whereby the 30,000 previously authorized shares of common stock
<no par) were changed into 450,000 shares of common
tn connection with the recapitalization, the company's
which amounted to $1,727,358 on Nov. 30, 1946, was
«xtent of $1,000,000 by the transfer of that amount
of
directors
has
declared
a
dividend of
stock
one
share
Of common stock for each .20 shares of common stock held, issuable
*nd payable on Feb. 28, 1947 to holders of record Feb. 14, 1947. The
t>oard has determined, with respect to each share of common stock
Issued on such dividend, that the amount of $5 per share, representing
the par value thereof, shall be transferred from earned surplus to
common stock account, and the difference between $5 and the offering
price
per
548,309
39,468
exc.
$1,617,560
5,784
39,659
173,000
214,969
1,043,420
$1,381,955
19,958
132,285
116,759
821,220
$417,113
$291,730
—
117,365
prof, tax (net)
Net profit
——4
$333,246
$276,497
—
share shall be transferred from earned surplus to capital
a
cash dividend
of 30 cents per share,
payable on March 31, 1947 to holders of record on March 14, 1947
end has expressed by resolution its intention of thereafter giving
Consideration quarterly tq the declaration-of1 cash^divldends.y'
-y y •.)
;
HIST0R7
York
March
AND
17,
BTJ81NMS--Oompany was incorporate to
1917.
Plant and executive offices are located
750 Pacific HtreeVi Brooklyn 17K Ne*r
York,
,
:
Beginning in the latter part of 1941, Pantasote's business changed
to defense, lend-lease and other war products and, by the middle
1942, 60% of its production was for the Army, Navy, Air Corps,
Engineers Corps arid lend-lease, through prime and sub-contracts.
Since
-
the, business of- Pantasote in the war period was closelY
its peacetime business,
it had no reconversion problem.
has
modernized its plant and enlarged its facilities lor
the manufacture
and sale of unsupported film and coated fabrics
manufactured from Vinyl and other plastic resins. The use of plastics li
in the coated fabric products of Pantasote" does hot
represent a de¬
parture from its pre-war business, since it had been manufacturing ...
a type of plastic for a number of
years prior to the war, which was
Used as ft coating. on its own. products.
<
Co., Inc. and Coburn & Middlebrook on Jan.
sell
first 37,500 shares of common stock on behalf
corporation and then to sell 87,500 shares on be¬
stockholders.
v
.
to
Transfer Agent, Chemical Bank & Trust
Registrar, National City Bank, New York.
U.
S.
York.
New
Co.,
HISTORY AND BUSINESS—All operations of the corporation take
place in Cuba. Corporation manufactures orange crush under, formulas
developed by Orange-Crush Co;, Chicago, which, by license asknowledged Jan. 4, 1927 to the .Latin, American Orange Crush Co. and
assigned by that company
the corporation in- Dee.,- 1940, and by
contract with
the corporation dated March 30,
1945 and expiring
March 30, 1994, granted to the corporation exclusive rights throughout
Cuba to manufacture and sell orange crush, "Bidu" and "Old Colony"
beverages and other beverages for which the Chicago company may
manufacture ingredients. By. the terms of these contracts the corpora¬
tion has the right to manufacture the concentrates; to use certain
trade-marks and trade-names registered in Cuba, including the word
"crush" as a part of its name; to use the patented bottle; and to
enfranchise bottlers in Cuba.
The corporation agrees to engage dili¬
gently and exclusively in the manufacturing and sale of the licensed
beverages; to advertise the product; to follow the formulas prescribed
by the Chicago company-for the manufacture of concentrate; to use
the patented bottle; to purchase all ingredients for the concentrates
exclusively from the Chicago company at prices fixed in the Contract;
and
not
to sell its products out§ide Cuba.
The Chicago company
agrees to furnish such information to the corporation as is required,
excepting secret formulas. A royalty of $2 per gallon of concentrate,
or
about 2% cents per case of 24 bottles of orange crush is paid
to the Chicago company.
The Chicago company, the corporation is
informed, has assigned its rights and obligations under this license
contract to Inter American Orange Crush Co.
shower curtains,
as
10 Mos. End.
Total
Prov.
and Sold
37,302
189,775
20,112
before
SUMMARY
OF
8 Mos. End.
Net sales
Aug. 31, '46
$615,714
—
Cost of sales
332,591
207,669
Sell., admin. & gen. exp.
Prov.
for
loss
-
income
income
<
charges
Prov. for taxes
inc._
on
232,702
$444,674
$102,391
$1.15
$0.27
385,13o
effect to the
uu^iauuing
issue
1944
1943
$774,890
392,499
292,724
$449,188
215,765
$280,890
204,601
WITH
ASTRA
28,579
6,039
14,545
$61,088
3,642
$22,783
5,570
$5,923
2,797
$61,795
1,744
8,607
$64,730
$28,353
419
571
$8,720
1,989
9,132
12,823
(par $15)
The
1,048
$51,444
income
PURPOSE—To
obtain
money
with
$55,179
which
to
$14,959
finance
the
was
as
stock
Stock
and
stock
REALTY
current
to
of
$1,250,000
liabilities
above.
is
to
and
be
$5,683
certificate
Dec.
KOPPL—On
ratio
is
to be main¬
current
between
on
basis
a
of
of
increased
incorporation
production
was
19,
1946
to
amended
increase its authorized
capital stock by creating
cumulative convertible preferred stock
to stockholders of Astra Realty Co. in
Authorized
5%
tl50,000shs.
cumul.
conv.
stock
♦Includes
tive
The
„
•
mon
Warrants are to be^
.
Outstanding
40,000 shs.
*1,000,000 shs.
preferred
stock.
40,000 shs.
t435,138 shs.
of
shares.
50,000
fGiving effect to the
5%
sale
cumula¬
of
the
*
-
transfer agent for the common
stock is United States Corpora¬
PURPOSE—The proceeds of the sale
,
PURCHASE WARRANTS—By appropriate corporate ftctioii,
the corporation has authorized the issuance of stock purchase war¬
rants entitling the holders thereof to purchase at *4 7*
~sr share
during a period of - ***"• * vpar« from" the date * q*
50.000
.jshares of common
\ ■; >
•
, - .
^
,
...
(par $15)
$1)
Co., and the registrar is First National Bank of Jersey City.
tion
STOCK
pfd. stock
(par
40,000 shares reserved for conversion of the
convertible
present offering
was
tAfter
underwriter lor
the
(par $15), which were issued
exchange for 4,900 shares of the latter's common stock. After giving
effect to the foregoing amendment to the charter, the capitalization
of the company is as follows:
r ._
Outstanding
*375,000 shs.
50-000
the
R.
rf
issue of 40,000 shares of 5%
Common
The; purpose, for which the stock purchase
is to afford additional compensation to
AND
maintained
purposes, in anticipation
operations of the company.
an
:
issued
ana
cumulative
of hot
It is contemplated that the proceeds of the loan,
will be used as additional working capital and for
CAPITALIZATION—The
.
corpora¬
increased from 1,500 shares ($100 par) to that
giving effect to the proposed public offering,
there will be 187,500 shares of common stock ($1 par) outstanding.
In addition, there will be outstanding stock nurchase warrants for
60,000; shares: of common stock for which 50,000 authorized and un«
issued shares are reserved; \
, /
...
/
*Capitalization
5%
1.
consummated,
corporate
and
'
shown
CO.
general
of Sept. 30, 1946, the corporation bad but
outstanding and the capitalization of the corpora¬
(par $1)—
warrants
of
iyit>,
of
minimum
a
less than 2V2
follows:
purchase
shares
ji,
company
at
assets
and addi¬
Authorized
Common
$92,767
$0.24
$0.20
uci.
per share;
CAPITALIZATION—As
class of
$78,149
at
in
shares
on
Net
40,000
31,633
302,674
,
corporate purposes. Pantasote is now negotiating with National City
Bank for purpose of increasing loan to
$500,000. The bank shall not
be obligated to make any commitment for the loan unless and
until
the company receives not less than $500,000 as a result of the
sale of
additional stock.
The working capital of the
125,341
135,081
tion's program of expansion and to pay for new equipment
tional bottles and cases already on order.
of
(par $15)
48,409
BANK LOAN—Pantasote has
a
bank loan
of
$200,000 made', by
National City Bank, New York (interest 2%
per annum) and maturing
Jan.
25, 1947.
Proceeds were used as working capital for general
—
1945
if
fotal
Other
218,500
the
giving
tained
—
!
credit)
on
$427,073
A-
preferred
exchange for 4,875 shares of stock of Astra Realty
stock of Astra theretofore owned by Mr. Koppl
were
purchased by him in January,. 1943 for $292,500.
The 4,875shares of stock of Astra exchanged by Mr.
Koppl for the 5% cumula¬
tive convertible preferred stock, represented
approximately 97% of
the issued and outstanding stock of Astra.
Co.
$57,327
4,468
operations-
•<'>
(less
TRANSACTIONS
stock
18,127
on
23,433
^
19, 1946, R. Koppl, Treasurer and director of Pantasote, received.
39,796 shares of the company's 5% cumulative convertible
con¬
on
tainers
$126,558'
Dec.
EARNINGS
——rYears Ended Dec. 31
$335,093
28,591
approved at a special
meeting of stockholders on Dec. 5, 1946. The annual dividend
require¬
ments on the 40,000 outstanding shares of the 5%
cumulative convert¬
ible preferred stock will be $30,000 at the rate of
75 cents per share.
919,420
1,018,751
6,711
$403,640
.
convertible preferred stock
328,212
532,486
912,709
1,018,751
1946 (11 Mos.)
$97,967
11,115
(net)
conting. and
adjustment-
on
*Based
210,841
25,875
512,374
—
1P45
21,066
302,337
2,164,343
$295,594
39,499
Net profit after taxes
♦Net earnings per share
204,583
1942—
for
post-war
and Sold
167,281
1940-1941
3,842,331
$663,174
exps.
$2,778.08?
2,374,44?
$652,059
and
$2,262,310
income
post-war
Taxes
o
$4,137,925
Net income
Other income
•
$3,383,380
2,731,321
«...
of sales
Cost
Manufactured
and Sold
Year
——a—Calendar Years1944
1945
1943
Oct. 31, '46
Total Cases
Other Beverages
Manufactured
At the present time, sales of its products are divided
approximately
follows;
Railroad and
other
types of
transportation, 38.09%:
14.16%; handbags, 26.40%; curtains, 1.68%; miscel¬
Net sales
Cases
Cases
«
-
SUMMARY OF EARNINGS
growth of the corporation can be shown by the following table
of sales by cases (each of 24 8-oz. bottles)
during the existence of
this corporation.
Manufactured
etc.
seating material,
laneous, 19.67%.
The
jOrange Crush
-
With the modernization of its plant and the
enlargement of Its
manufacturing facilities,. the company believes that it is in a position
to meet increased demand for its
products both in industries now
being regularly sold, i.e., railroad, bus, luggage, handbag, etc., and
in industries new to Pantasote
products, i.e., shoe, plastic furniture,
Oircraft, photographic' equipment, millinery, snow coats, food covers,
half of the selling
tion
^
over
related
Cerf
one
-
>4
Pantasote
of the
'
at
automotive
coated fabrics for sides and
of
165, p. 215.
,
The board has also declared
the
as
During the fiscal year ended Dec.
22 offered 125,000 common shares (par $1) at $4.75 per
share. The "underwriters agree to use their best efforts
to
covering,.
industry, Pantasote furnished auto topping, as
backs and sport topping material.
31, 1941, the last year in which
Pantasote's business was not materially affected by war production
and restrictions, sales of its products were divided
approximately as
follows; railroads, 45%; theatre seating, 20%; furniture, 10%; auto¬
motive industry, 10%; miscellaneous and export, 15%.
$1,360,339
21,616
$554,000
was
car
For
$1,587,810
29,749
$514,532
Federal income taxes—
Other income
Authorized
Common
•
549,902
$454,646
5,148
-—
deductions
Other
Profit
.
262,913
.
$439,588
15,057
profit from oper.
U. S.
.
$3,769,938
1,861,289
seat
245,474
————-
Other income
—V.
$4,023,449
1,885,736
well
Net
Fed.
$1,498,968
721,522
$1,528,147
843,083
Orange-Crush de Cuba, S. A.—Stock Offered—Floyd
The company, leased to the New York,
Will receive bids until 12 noon on Feb. 5,
I
sold
;
admin.
&
gen.
'expenses
D.
Norwich & Worcester RR.—Bids Asked—
:
Total
Cost of goods
,
For, upwards of 20
Pantasote
Norwalk Tire & Rubber Co.—Outlook—
as
?
inception, Pantasote has engaged in the manufacture and
of
artificial
leather.
Its
pre-war
products included
coated,
impregnated
and
laminated
fabrics
for
the
railroad,
automotive \
(including passenger, bus and truck), furniture, theatre seating, boat¬
ing and aircraft industries, as well as awnings and tarpaulins, sold
under registered trademarks including "Pantasote," "Russialold," ete.
2,000
-Calendar Years—
5 Mos. End. 6 Mos. End.
>
7,
From Its
STATEMENT OF INCOME
-
Offered—Van
was incorporated in New Jer¬
1891 under the name of Pantasote ."Leather Co.
Oa
1945 name was changed to present title.
,
.
-
Jan.
sey on
Oct. 6,
15.
This distribution was provided for in the plan of reorganization and
liquidation of the assets and business of Northwestern Yeast Co,, which
was
adopted by the shareholders at a meeting last July.—V. 164,
v:
HISTORY AND BUSINESS—Company
7,000
Inc.
J.—Stock
N.
;
Jan. 21 offered 50,000^ shares of
on
stock ($T par) at $11.25 per share.
common
3,500
Wheelock & Cummins,
1,000
2,000
Co—
Passaic,
Co.,
Alstyne, Noel & Co.
——
——
Wertheim & Co
Co"._——.—
Johnson
.
Scott; Homer & Mason, Inc.
2,000
Straus it Blosser
10,000
Fried-
Labouisse,
Howard,
-
1,000
2,000
•
Inc.
Co.,
E.
1,000
4,000
——
Company, Inc.—"
The First Cleveland Corp._
has set Jan. 31 as the record rate for distribution to
its stockholders of four shares of Fearn Laboratories, Inc., for each
share of Northwestern Yeast stock held. The stock certificates will be
The
Pacific
Ferris &
company
Newburger &
Transport Co.—75-Cent
A dividend of 75 cents per share has been declared on the comfnon,
Stock, payable Feb. 24, to holders of record Feb. 4.
This compares
with 40 cents paid on April 5, last year, and 25 cents on April 5,
1945, the only payments in those years.—V. 165, p. 215. '
r
,
1,000
McJunkin, Patton & Co.—
1,000
J. H. Drass & Co., Inc.^__
Francis I. duPoht & Co.__
H.
About Feb, 15—
2,000
——
Moors & Cabot
.
Dividend—
Securities
—
A
A. H. Ahlers,
Secretary and
Assistant
164, P. 3295.
Fan American Petroleum &
1,000
—
McGann
Inc.
2,000
—
Co.—
Larson & Torn-
DeYoung,
—
V.
1,000
Nashville Securities Co—„
& Co.,
McCarty
Blair F. Claybaugh &
the
,^
-
-
Brush,
Group Being Formed—
make
Inc.
B. Bonbright &
George D.
Northwestern
23,900
Corp
Assistant Treasurer
Shares
Officials—
elected Vice-President;
d Vice-President;
"
R.
'
Electric
10 cents
record
payable Jan. 31 to holders of
2%.
items
UNDERWRITERS—The
(Del.)—Weekly Output—
sftares
in connection with the sale and-distribution of the
stock being offered.-
Of. common
color and
quality, size,
graph carbon papers represented 42% of the company's total
sales, record carbon papers represented 33%, inked ribbons 23%
tive
Northern States Power Co.
<;
M
purposed-In the eleven months ended Novl 30, 1946, sales of hecto¬
that
delivery. ',
each
a
i
manufacture and sale of hectograph
record carbon papers, inked ribbons and related prod¬
of these major classifications the company's products
papers,
In
'!•!.
engaged in.the
Company is
Northern Pacific Ry.—JTorm of Bond—
.
stock will' be\ applied
in, the
of, tbe 50,000 shares
^foUowing":
manner;
of
com¬
>Company
1^
arranging for the purchase of new "equipifieiit,: consisting among other
machine and mixer, and is also
arranging
items of. a,new;Banbury
.for the construction of a
warehouse;
The amount required for the'
definitely ascertained, but it is esti¬
mated that substantially all of the proceeds will be required for
suck
aforesaid purposes has not been
?
/.?■'•;^':'''?•'.?./lv *:.
578
purposes; and to IJie extent not.
additional working capital and tor
used ft»
required they , will be"
AO
follows:
,v*
&
Coburn
& Co
Courts
Hirsch
Co
&
215.
—V.; 165, p.
Herbert
1,000
2,000
3,750
.
\ . ,v|
Co._-
&
Hill Richards & Co
,
\ Net incv, after prov. for inc. tax and without
giving effect to security transactions,
Dividends paid
:
Earnings per share
—
Notes—(1) Unrealized appreciation in quoted
Co..—5,000
curities
-Officials
Pro-
Baseball Club, Inc.-—Files with SEC
The company oh Jan. 14 filed a letter of notification with the SEC
for 2,400 shares ($10 par) class A common to be offered at par with¬
out underwriting. Proceeds will be used for payment of debt and for_
Peekskill (N. Y.)
31, 1946
—
Dec.
31, 1945
—
Rejects Appeals—-
appeals
corporation
Pennsyl¬
COMPARATIVE BALANCE
complaint
This
urged
the
stockholders
The
will
be
outstanding 164,665
Pennsylvania Power & Light
deductions:
excl.- taxes
Qper, rev.
Oper. exps.,
Federal taxes
Depreciation (previously
designated as prop, re¬
tirement res. approp.) ■
Amortiz. of elec. plant
2,775,386
144,056
1,584,618
3,162,772 , 38,132,055
P'Vi44,056
3,647,606
Net
for Cuban sugar.—V.
$1,081,589
Gross
4,732
,
2,417,696
Dr53,315
$7,278,885
Total
oper.
revenues—
cost less net Income thereon to
Total
oper.
expenses...
cost)
—
RCA Communications,
6,561,003
Operating. income
Ordinary income—Non¬
$47,217
$581,080.
$2,395,684
$6,208,00(1
carried
are
at
authorized by the board of
as
income
232,500
and deducts.
89,020
on
Other
int.
•Special charges
chgd. to construc-
'Int.
67,500
of Internal Revenue,
Bureau
Crl3,57l
$710,872
applicable to pfd. stocks for
Cr2,385
Cr54,374
$802,029
$4,567,607
3,518,159
period
$4,520,936 $1,049,448
for the U months ended Nov. 30, 1945, result
recurring tax benefit of $4,164,700.
•Special charge of those
of premiums and expenses on redemption of debt which are
of non¬
portions
equivalent
non-recurring reduction in income taxes.
Definitive Bonds Ready—
tp resulting
•
"Y
Definitive
for
*
bonds due 1975 are now exchangeable
bonds at the Guaranty Trust Co. of New
York, N, y.—y, 165, p. 341.
first mortgage 3%
outstanding
temporary
York, 140 Broadway, New
Pennsylvania
RR.—Equipment Trusts Offered
—
Inc., Burr & Co., Inc., First of Michigan Corp., Graham,
& Co., Hayden, Miller & Co., Putnam & Co.,
William Blair & Co., Wm. E, Pollock, & Co., Inc., Bacon,
Whipple & Co., Freeman A Co.. The First Cleveland
Parsons
Corp., Schwabacher &
Co, and C. C. Collings and Co.,
Inc.
99.J209 .or a net inter¬
bid„ J00.Q99 for a 2%
'./'.-A
The issue was awarded Jan. 23 on a bid of
cost of .1.974% Salomon Bros/ Jc' Hutzler
■
est
rate.
■
,
dated Feb, "I, 1947 and mature annually $998,000
to 1962, inclusive. Unconditionally guaranteed
payment of principal and dividends by endorsement by Penn- .
^ The certificates are
on
each Feb. 1, 1948
>
as
to
•>sylvania RR.
,
1
the
electric
output
Jan.
ended
18,
8,569,000 kwh.
—V.
of this company
1947 amounted to
be secured fcy new atandard-guage raiiroad
less than $18,712,500. The issuance and sale of these certificates are subject to authoriza¬
tion by the Interstate Commerce Commission.—V. 165, pr 341. .. -/A
•
These
certificates will
^4
i
Petroleum Corp. of
Amerfcar—Annual Report—^;,
^ At is meeting of the board of directors, duly held on Nov. 27, 1946,
Section 2 of Article II of the By-laws of the Corporation was amended
to change the time of the annual meeting of stockholders from the
'fourth Wednesday in April in each year to the fourth Wednesday in
February in each year, beginning in the year 1947.
Accordingly, the
6.4%
or
$616,721
$6,196,463
8,608
$2,512,772
110,047
334,123
$608 113
$2,402,725
Extraord. inc. (charges)
12,671
$6,079,409154,067
110,672
ord.
inc.
Cape & Vineyard
Net
last year.
•
Abitz
Mr.
several
General Manager
was
years
In
G.
rector.—V.
165,
of the many
elected a di¬
shares
exceeded
traffic
to retail out*;
contributed to
'
rr
^
i
express shipments dispatched through
the million
mark for the first time.
indicated.—V.
report
At
handled during the 12-month period,
165,
p,
253.
-
' 1
the
of
who
at their annual meeting on Jan.
present
hoard
(R. J.) Reynolds Tobacco
Co.—Annual Report—
report for the year, ended. Dec. .31, 4946,. shows net
$27;972,599, after all charges including depreciation and
Federal income taxes.
These earnings were equivalent, after preferred
financial
The
of
earnings
to
dividends,
Jan. 20 filed a
and 200 shares of preferred to be
Engineering Co.—New Director-^
16 reelected eight
of directors and elected Edward E.f
director, to succeed A. M. MacCutcbeon,'
recently,retired.—V. 164, p. 3296.
The stockholders
common
with SEC—
letter of notification with the EEC
common
air
express
— ranged
fron*
The movement of
Helm, Sales Vice-President, a
216.
share for each class of - stock
ceeds will be used for development and
N. Y./
1946,
Reliance Electric &
Progressive Air Service, Inc.—Files
per
reported.
for several
Broadcasting Cooperative, Inc., Washington,
SEC-^
.
.
.
The company on Jan. 17 filed a letter of notification with the SEC
for 492 shares ($100 par) common and 13,460 shares ($10 par) pre¬
ferred. Preferred will be offered at $10 a share wihtout underwriting.
Proceeds will be used to finance erection of radio station and for
500
was
all-time monthly highs were set in October, November, and'
December.
Gross revenue for the year advanced 22.6%
over 1945,
Potomac
The company pn.
:
new,
D. C.—Files with
$100
shipments a day, it
year
Field
members
operating capital.—V. 165, p,
$1,663,764
total of 1,157,614 shipments were
as
112.
p.
$1,589,677
handled
15,000
the
the
Assistant to the President
—
to
Guardia
49th Street plant in
operations and coordinating activities
to the Porter organization, has been
years, supervising
recent acquisitions
$159,759
immediately preceding Christmas,- air
for the regularly-scheduled airlines
the, week
'In
Elected—
dcFreest Larner,
1,289
surplus..
.
Pittsburgh, Pa.-
Colonel
$6,122,804
4,459,040
holiday merchandise from manufacturers and suppliers
lets, plus a heavy volume of Christmas gift packages,
the record total, it was stated.'/
•
•
■
in charge of operations.
the company and fox;
of the
earned
volume
Pittsburgh—Appointment-
C. R. Dobson, Vice-President
has long
been associated with
1,074,850
the seven-year history of La Guardia Field
(New York), air express shipments handled through municipal airport
in December soared to
an
all-time high of 165,687 shipments, the
corporation's Air Express Division reported on Jan. 17.
The record
total represented a gain of 46.7% over December, 1945. " '
■ *
' ^
Electric Co.—Financing—
is announced by
$601,859
-442,100
$2,664,527
13,500
$21,789
Breaking all records in
Abitz has been appointed General Manager of the
Works of the American-Fort Pitt Spring Division, it
R.
Rocks
394,858
133,056
—V. 164, p. 3419.
Electric Co. above.—V. 164, p. 1637.
Porter Co., Inc.,
(H. K.)
McKees
3,346
9,600
!
117,054
-
transferred
inc.
to
'
Railway Express Agency, Inc.—New Record—
the corresponding week of
over
337
income
Net
7,500
for
inc..
Deducts,from net inc...
Output—
'•
County
Plymouth
See
and
$2.62 per share on the combined 10,000,000
class B common stocks issued. This compares
shares of,
with. 1945-
$19,229,310 or $1.84 per share. Dividends on the common
stocks, amounting to $1.75 per share, were paid In 1946, compared,
with $1.60 per share in 1945.
v
X'j
earnings of
offered at
without underwriting. Pro¬
construction at Smithtown,
; w-V
Sales of CAMEL cigarettes established a new high
number sold being substantially greater than in
marll (h 4948^
19'45 when the
established.1: Total dollar sales of all products of
the company were larger than in any previous year,
amounting to
$613,106,304, compared with $430,966,566 in 1945,- an increase of.
$182,139,738. Of the increase in dollar sales, approximately one-third
was accounted for by a shift in sales made on a tax-free basis in 1945k
to a tax-paid basis in 1946 because of lessened, requirements by tho
armed force$ and by price increases made effective in 1946. ; j :
the
previous
.
high
was
.
Co.
Service
Public
of Indiana, Inc.—To
Distribute
♦-
Stock
Exchange Commission on Jan. 17 authorized
company to dispose of its stock interest in Indiana Gas 4c Water;
Co. through distribution of shares to holders of its own common stock.
The distribution will be accomplished by payment from time to time
of dividends on its own common in shares of Indiana Gas.—V. 165,
Securities
The
and
the
P.
'
J.
America add i& also a
director'of' several other com-*
panies.
Robert O.
1932
1
*
i
-
Clothier h»s been President
~~
•4**'* ** ^ v
' '
Jan. 21 declared the regular
1
of Rutgers University
1
r*'*, *-e 1 **-■? <■'
x
quarterly dividends of
$2 per share on the 8% cumulative preferred stock; $1.75 on the 7%
cumulative preferred; $1.25 on the no par value $5 cumulative pre¬
ferred and the regular monthly dividend for March of 50 cents a
share on the 6% cumulative preferred, all payable on or before March
18 to stockholders of record Feb- 3L4,7-y, 165, p.; 341, ,
.
Public Utility
Electric output
for
the
operations,'?
r.■ ,,
,
*
clgaretters made in ApriM946 /was
two adjustments made during the
intervening years on account of increases in Federal excise taxes.
Because of the insufficiency of the price increase permitted in April,
the price of CAMEL cigarettes'was further advanced in October 1946..
^Inventories, onsisting principally of leaf tobaccos, at 'the end of
1946, amounted to $334,675,764, compared with $263,022,008 at the
The price increase on CAMEL
first since 1937, except for
the
;
Insurance Co. of
since
substantial
Of pormal.epnditionp of
of New Jerseys-New Directors—
Carrol M. Shanks and Dr. Robert C. Clothier have been elected
directors of this corporation to fill vacancies on the board occasioned
by the resignations Dec. 17 of William M. Hickey and George L. Burr.
Carrol M; Shanks is President and a director of The Prudential
-Dr.
President, states that the year 1946 "witnessed a.
expansion of the company's: business and was.
definite movements in the direction of the reestablishment'
Glenn,
marked by
;,/%:•/
216.
W.
continued
Public Service Corp.
,
Drl 1,537
$43,587
9,464
ordinary
Net
and its subsidiaries for the
141,823,000 kwh., an increase
341."7"
165, p.
The directors on
equipment to cost, not
117,088
ordinary income.
Extraord. inc: (credits)
submitted, it is held tentatively
Philadelphia Electric Co.—Weekly
The
Hal-
Stuart & Co. Inc, and associates on Jan. 24 offered
$14,970,000 1%% equipment trust certificates (Phila¬
delphia plan) at prices to yield from 1% to 2.15% ac*
cording to maturity.
Others offering the securities are:
Bear, Stearns & Co., Blair & Co., Inc., Equitable Secur¬
ities Corp., Hallgarten & Co., Hornblower & Weeks, Otis
& Co., Inc., Phelps, Fenn & Co., R. W. Pressprich & Co.,
L. F. Rothschild & Co., Shields & Co., Gregory & Son,
gey,
35,641
Gross
year.
New Director
tIncluding
,
Br3,630
dated Jan. 10, said in
in a letter
that these
are 10C%
non-taxable as dividends to the shareholders,
final audit of the Corporation's income tax return for
Crl9,570
$6,359,565
1,838,629
Balance
g
1,060,486
23,503
communication
Deducts, 'from
week
1,131,000
4,164,700
-Net income
Divs.
2,957,043
.
__
"In accordance with the provisions of Section 115(d) of the Internal
Revenue Code, the distributions which ire. not taxable as dividends to
the shareholders shall be applied agkinst Und reduce the adjusted basis
of the shares to each shareholder and if in excess of such basis, the
excess shall
be taxable in the same manner as a gain from the sale
or exchange of property."—V. 164, p. 1913.
86,691
$13,861,266
2,224
1946—Monthr-3945
i 1946—11 Mos^—1945
$978,027 $1,277,195 $12,111,366 $12,554,035
30-r
$5,993,032
' v 214,968
'
$1,086,321
mtge. bonds
Interest on debenturesInt.
94,096
$1,243,419 $10,545,142
232,500
2,557,500
67,500
742,500
143,775
969,951
.
;
.
9,778,418
$10,451,046t$13,774,575
$1,241,195
Inc.—Earnings—
$2,332>948
" '' 62,736
Clarence
'
v
;
163, p. 1289.
374,141
2,454,015
731,913
.
revenues
oper.
United States,
of 4.80 cents
la pound. The price to be paid is geared to the trend of the costs hj.
the United States. The indicated average price on the 1946 crop sale is
4.10 cents or slightly better* Mr.-Douglas stated.
w •
•*•'*
k
He observed ihat the company has been paying out about 50% of it®
earnings in dividends.
' >
•
■
•
•
• ■
/
• .
T
Mr. Douglas added it was of great importance to maintain the com¬
pany in a strong cash position for the time when world sugar pror
duction and supply again become balanced and alter the prospects
Drill,881
i
Other income (net)
<•.'• •
°
r :
Commenting on sale of the 1947 Cuban crop to the
said Cuba is expected to realize a minimum price
$545,282
35,798
of
.Total oper. rev. deducts.
ul' ,JVw^
"'I
1947
$23,714
1,584,618
33,474,362
.
;
•8,840
59,094
investments
the three mills of this corporation have started grinding
Cuban sugar crop. Prospects are that the company will
of
the
,954,313
pending
2,841,667
258,333
.
*
'
Sugar Co.—Outlook—
Net oper. revenues
Oth. communication inc.
that
25,165,270
2,542,086
1,340/721
258,721
|
adjusts—
acquisition
4,962,696
1,613,838
,120,177
8,296,564
and
income
450,137
Rights"
distributions
$10, from
options to
there are
27,195,517
141,178
155,489
realization of
on
"On the basis of the data
C6#-*Earnin|s—
2,499,028
2,554,494
,
4,822,71?
1,416,139
4,524
he
part:
1946—12 Mos.—1945
$4,403,967 $48,583,101 $47,248,937
,^ 534,846
—
Other ■ taxes
■
5,352,653
1,745,734
;
4
23, 25c per share.
1946—Month—1945
$4,729,195
revenues
450,837
€7301,756
adjustm'ts
'i
directbrs.
During the calendar year 1946 this Corporation made distributions
to its stockholders, as follows: On June 28, 20c per share, and on Dec.
shares.-*-V. 165, P. 216. '
Period End. Nov. 30—
Operating
$9,647,113
C712.312
'■• V*
$7,274,767
Income"
February on a
the middle of
around
vote
$7,254,965
1,507
31, 1942, $53,602, less depletion provided subsequent to that date
of $16,583 at Dec. 31, 1946 and $12,498 at Dec. 31, 1945.
tThe balance
of "Reserve for Contingencies" has been transferred to "Undistributed
Corp.—To Increase Stock—
to
increase the authorized capital stock, par
shares to 193,500 shares, in order to prdvide for
granted certain directors of the company.1 ;At present
loss
•"Mineral
The
165,000
$875,565
395,609
1946." ~
•
Dec.
the
proposal
8,083,113
$656,163
Period End. Nov.
directors.
Pennsylvania Coal & Coke
Two
4,444,690
Total
Pennsylvania directors, the
derelict in their duty in not sseking such
petitioners charged, were
recovery.—V. 165, P. 341. •
4,4~4~4~690
31, 1930
Capital stock in treasury (at
the
Pennroad
15,376,97*
3,960,176
2,398,710
produce about 1,000,000 bags of sugar this season if conditions are
favorable, William C. Douglas, President, told stockholders at the
annual meeting. This would compare with 866,155 bags produced in
$27,739
-
•(•Undistributed income
guilty of fraud or neglect of duty in approving
agreement. It said the lower courts erred also* in holding
Pennsylvania was "not legally entitled" to recover from
deceased
8,711,440
911,786
tax
Govt,
S.
on
$7,278,885
$29,532
8,275
Capital stock ($5 par value)
settlement
of
23,460,090
"
-
Punta Alegre
Surplus:
-i
estates
1,331,477
12,671,616
3,310,498.
3,504,887
Cr24,895
profits taxes..
—V. 164, p. 3419.
41,104
683
accrued expenses
tReserve for contingencies
and
895,043
239,651
264,546
....
excess
6,468,279
$7,274,767
Accounts payable and
the settlement and dismissal of litigation pend¬
ing in a Federal court and to approve and authorize its termination.'
The Dickheiser-Birn petition said the lower courts were wrong in
holding that there was "no basis" for the charge that Pennsylvania
were
U.
25,689
300,000
1,657
taxes
since Dec.
119,724
tlncludes:
Payroll
$443,131
6,393,899
37,020
—
A
rights
Profit
4,836,364
304,814
4,260,075
3,365,031
117,014
accrued
Depreciation
LIABILITIES—
jurisdiction to consider
that
cost
Total
Birn,
judgment
*
22,128,613
323,185
1
revenue
•Includes:
1945
34,994
300,000
1945.
agreement was approved by the Delaware court and
Matilda Feldman was dismissed by the Circuit Court.
f)
complaint asked appointment of a receiver fpr Pennroad and
that the company be prevented from making a settlement with
.^Pennsylvania RR. ^
/
' ' (
Another appeal brought by Anna C. Dickheiser and Edward S.
stockholders of the Pennsylvania RR. asked a review of the
vof the Circuit Court in Philadelphia.
The
Perrine-Feldman appeal asked the high tribunal to
decide
whether a Delaware Chancery Court had "the right, authority or
11,776,572
424,538
•
at cost) was
$507,198
'
receivable
Deferred charges
for
3,190,772
SHEET, DEC. 31
deposit
Reserve
by
122,636
Depreciation
prices of such
1946
Dividends and interest
at
46,484,082
-6,769,921
Operating income
securities during the
ASSETS—
•Mineral
58,613,133
6,966,156
440,199
expenses
fTaxes
$75,996.
on
2,498,608 Crl,768,926
593,997
revenue
Net
$557,117
1946 for Federal income tax
1946 over average carx*ying values (quoted market
at Dec. 31, 1930 with subsequent additions
Cash
42,382,441
5,325,710
Total net revenue.'-..
—
.r_—
securities
of Delaware and
The
directors
—
———
Nd allowance is required as at Dec< 31.
the unrealized appreciation as at that date.
(2) Excess of amounts realized from sales of
year
4,644,304
4,275,527
607,137
oper,__
revenues
on
Pennroad
appealed from decisions of the Supreme Court),
United States Circuit Court in Philadelphia.
Corp.,
filed
1
-
Decrease
■
Crl50,271
131,448,46?
47,834,77?
13,604,513 122,236,911
Auxiliary Operations-
$3,450,225
4,007,342
——
obligation—at cost—
General portfolio securities, at quoted market
prices Dec. 31, 1930 with subsequent additions
The United States Supreme. Court on Jan. 20 rejected three
protesting a $15,000,000 litigation settlement between this
and Pennsylvania RR.
The payment was to be made by the
vania RR. to Pennroad Corp, under terms of an agreement in
Julia A. Perrine ■ and Matilda J. Feldman, stockholders of
the
Net
car
expenses
Total
$395,698
$344,356
395,347
352,775
$0.45
$0.39
market value of se¬
United States Government
,
Pennroad Corp.-r~Cpurt
General
cars__
maintenance.
other
All
Conducting
1
Comptroller for the past year, has been elected
a Vice-President.
In his new position he becomes responsible for all
manufacturing and related activities of the company in Cleveland.
Otto
P.
Bereit, formerly Assistant Comptroller, has been elected
Comptroller and F. A. Herrington, Assistant Treasurer.-—V. 164, p. #057.
club.
of
follows:
as
was
Dec.
Cornell,
working capital of ball
$414,618
48,261
22,000
22,500
tax—
/
,
W.
Robert
for estimated Federal income
8,517,782
3,410,743
101,737
revenues
•Maintenance
Total
W.tjschaefef & Go.
Appliance Co.» Cleveland, O.-
Parker
moted—
etc,—,—
1,500
1,000
3,000
Taussig, Day & Co., Inc.__
White, Weld &
income
Operating expenses,
Provision
9,895
$470,475
52,277
and taxes
1,000
1,000
&
Robinson
Frederick s.
Co., Inc.
Total
1,000
_—w—
Mead, Miller & Co.—Newburger & Hano
2,500
1,250
Weedon & Co
Doolitfle, Schoellkopf & .Co.
Crowell,
Grimm
Ino.
depletion
Total
rights, after deducting
Net income from mineral
*
Sleeping Car Operations-
1945
$400,972
3,750
10,252
received
Interest
-
..
Period End. Nov. 30—
J 946
$456,472
3,750
received
dividends
Cash
••
1,250
2,500
1,500
1,250
Sherrerd-———
Middlebrook
& Torrey
Cohu
.'Shares
Space &
-ft
.
.
*
AN#. EXPENSES GR OAR AND AUXILIARY- OPERATIONS
•" 1946—Month—1945 i 1940-^11 Mos.—1945
REVENUES
comparative income account
Years Ended Dec. 31—
of
Lane,
-Co., .ino.''---—,1,000
Johnston, Lemon & Co
3,000
McAlister, Smith $■ Pate, :j
Bateman,
Butcher &
-
Johnson,
Noel & Co.—.-12,500
Eichler & Co.-.sV
2,000
Bradford & Co
1,000
Van Alstyne,
C.
:. *"
.
Shares
^
•
No.
of
NO.
y-rfyya**! K*"'
:, x-'&'S- "
Co.—November Earnings—
(The) PuUman
jl947.
stpek. during
! The corporation purchased 6,100 shires of its own
the; yeaf 1946 at an average cost of $9,601 per share.
+
Mcada^ ^nua^
^
V
meeting of stockholders wlJJ be held on Ffb. 26,,
next annual
general corporate purposes.
UNDERWRITERS—The names of the underwriters add the respective
number, oi shares of common stock, to. be purchased by each are as
J.
COMMERCIAL"^JPINANCIAtsCHRONICLE
THE
Engineering & Service Corp.—Output—
companies served by this corporation
of the operating
week ended Jan.
228,340,000 kwh., as com¬
corresponding week last'year, an
18, 1947, totaled
pared with 164,320,000 kwh. for the
increase of 17.5%.—V. 165, p. 341.
■
end
of
1945,
an
increase of $69,653,756,
quirements of the company's expanding
creased cost of leaf tobaccos.
Late in
evidencing the addiitonal re¬
business and considerably in¬
the year the increased inven¬
tory requirements indicated the advantageous use of a substantial
amount of borrowed funds for a number of years, and in view of tbo
low interest rate and other favorable features of a long-term loan,'
the company on Oct. 30, 1946 sold, at par, its $60,000,000 note to an
ihsurance company.
This note bears interest at 2l/a% annually and
is payable in instalments from 1950 through 1966.
Earlier in the year
the company had made arrangements with 14 of its depositary banks
for a stand-by credit aggregating $150,000,000 available until' Juno
30t
1951.
c
commercial
1%%
Borrowing under this credit are discounted at the primo
discount rate of .the'lending banks but not io exceed'
In 1946 such borrowings were discounted at the rat©
annually.
TBfi COMMERCIAL & FINANCIAL CHRONICLE
Number 4563
Volume 165
679
•4f) .#>
■|-ii rfjT ir-iiiiii.WiiiiiTii
m
iiliimiiWnBi'lg
1 Va %.- This new' .credit agreement" replaced a soriiewhat Similar
previously entered into, and- providing for, $100,000,000 credit.
The Dec.' 31, "1946 balance sheet Shows current assets of $368,378,676;
Which exceeded current liabilities .by $263,317,562.
At the end of 1945
net working capital 'was $199,695,064,
•
.
,
Operating
'AC
the
stockholders
year-end
the
of
totaled over 71,600.
company
ff $704,385
allowances
of sales
.
&
Cost
v
<'
1946
"7 '•* '
'
,
rNet sales
Profit
_
'
1
securities sold—
on
1945
,
j
/
Net
1944
.
exps.__
$1,261,804
,904,184
$902,547
586,008
$354,825
259,478
$137,108
■
income
$357,620 /<
Total
6,177
10,170
$322,716
7,121
$136,859
$357,119
$98,187
$315,595
$142,380
—--
deductions
Other
—
$367,289
.
Net
Cost
income
613,367,088 431,055,452 388,058,136
" ' '
____________
of
goods sold and other chgs.,
incl. selling and gen. expenses-, 561,475,297 394,231,868 353,992,255
Prov. for deprec. and obsolescence
958,319
962,078
892,378
Interest charges —_L——
ipedcral and State taxes on income
-.Reserved for contingencies,; ifiwMM'niMw'
1,624,223
•
15,305,398
________
,
RockWOod ■& Co., ' Brooklyn
See
Grain
Froedtert
&
Inc.
aboi re.—V.
159,
earnings -for year
profits tax carry-back
Exc.
,
467,545
,
629,744
-
,
,
(Includes Co rporate h Trustees* ,A< jcounts)
,
,
Period End. Nov. 30—
Amount to surplus
Previous
27,972,599
surplus
63,412,601
™_
Total
Surplus at end of year__
per
share on 10,000,000
72,121,200
„
15,000*000
16,000,000
shares
of
27,028
*$31,974
26,551
34,371
15,520
fac.
Jt.
Net
rents
fr.
class B
common
$2.62
stocks
$1.71
$1.84
tFixed
DECEMBER 31
ASSETS—
30,010
$24,872
5,455
$234,090
$134,556
100
10,654
33,425
74,785
4,267
367,721
367,727
inc.-
Cash
Accounts
15,885,681
17,212,270
and
carry-back
profits tax
excess
credits
arid
carry-back
profits tax__
excess
credits
receivables
r.
1
1
1
668,478
625:982
598,443
1,004,162
1,473,783
underwriting.
'Accounts
Notes
payable
75,000,000
•.Serial notes payable current
Accrued taxes,
etc
; Reserve
for
2,000,000
year—
22,920,472
cofttingencies—
500,000
Funded debt
Preferred
stock
Common stock
class B
64,000,000
* 49,000,000
(par $100)
(bar $10»
stock
com.
3,126,935
3,036,321
74,500,000
2,000,000
16,778,524
500,000
6,000,000
4,640,644
'
67,500,000
2,000,000
16,895,667
500,000
8,000,000
49,000,000
10.000,000
.
—-—
90.000,000
Surplus (undivided profits)
10,000,000
90,000,000
72,121,200
$10)
(par
10,006,000
90,000,000
63,412,601
61,711,684
paid each quarter.
Total'
*
Period End. Sept. 30—
depreciation
164, p. 2590.
—V.
4
and
obsolescence,
t After
deduction
$666,639
608,507
oper. revenues
Total oper. exps. & taxes
Net
$658,229
528,672
1,945,090
Other
income
Gross
Total
Richmond Radiator Co.—Debentures Approved—
int.
inc.
$355,280
137,878
3*8,857
10,367
107,346
45,898
755
taxes
Net income to surplus
-
five-
the Issuance of $1,025,000 4%
; year serial maturity convertible debentures, Richard S. Reynolds, Jr.,
'*
Executive
Vice-President,
announced
Jan.
on
debentures
The
16.
will
he convertible into common stock.
1,413
Asset
The company intends to file this issue with the Securities & Exchange
,
Commission.—V.
162,
p.
3118.
Ritepoint Co.—Stock
issue
of
Jan.
Offered—As
mentioned
in
our
20
Dempsey-Tegeler & Co., St. Louis,
offered on Jan. 10 at $7 per share 42,500 shares com»mon stock ($1 par).
'
COMPANY—The
December
•
1933
business
rind
was
founded
was
then
conducted
by
Sylvester
his
under
G.
own
Lipic in
until
name,
March 1934, when the name "Ritepoint" was conceived and adopted.
From that time the business has been conducted under the name
r
;
and
27,
i
style Ritepoint Co.
1946 with the same
succeeded
upon
<
Helen
M.
to
Lipic
as
the
The
incorporated July
name Ritepoint Co.
in Missouri, and therebusiness conducted by Sylvester G. Lipic and
present
co-partners.
In
company
value
6.3%
for
the
net
assets
the
;
corporation issued to the transferors $150,000 first mortgage 4%
serial bonds and the 182,265 shares of capital stock presently out-
;
share,
adjusted for capital
prbfits distribution,
Net
unrealized
The
portfolio
declared
22
dividend
a
of
nfeiiftdatioif %itfe iihdrSEfc
company'm Jaff. it filed;: a letter oi
for
12,600 shares
($10 par)
stock to
common
'
"Stixi- Ba6r"&' FulIe^Xd*---D5^gistra^;r
The
for
Bankers
the
Trust
Co.,
New
has been
York,
stock,-pap $5.—V« 165,
common
J. Milton Moon
engineering and
1950, having joined Signode in 1934.—V. 164, p. 2835.
research
since
■
coregfstrar
appointed
255.
p.
/
^
Suburban Propane Gas Corp.—Dividend Increased—
The
directors
the
on
3.
May
15,
15
on
Jan.
stock,
common
Feb.
^
company lias announced the appointment of
Sales Manager.
He had been Manager of field
offered at par with¬
be
underwriting. Proceeds will be used for additional working capital.
—v. 156, p. 966.
>
:
-■ -•
investments
Signode Steel Strapping Co.—Sales Manager—
The
share
per
Mills, Inc., Harrisville, R. I.—Files
initial
An
last year,
and Nov.
declared
22
$1,
par
distribution
which
15.—V.
dividend
a
payable* Feb.
of
followed
2735.
was
164, p.
of
cents per
15
to
18
cents
13
holders of
share
per
share
recofd
made
was
by similar payments
on
Aug.
on
Superior Oil Co., Los Angeles—Earnings—
3 Months Ended Nov. 30—
1945
1946
Gross
as
cents
50
out
•
1946 year-end were $2,101,815.
in 95 industrial,
utility and
railroad corporations, and in 15 industries.
Common stocks repre¬
sented 78.9% -of the company's assets,
government bonds and cash
16.8%, preferred stocks 4.3%.—V. 165, p. 113.
profits at the
contained
Co., Inc.—50*Cent Distribution—
stock, payable March
Stillwater Worsted
de¬
.
Jan.
on
common
With SEC--
'
to $11.76.
,
Stoker
directors
the
"Value-
Dividends paid during the year totaled $1.60 including $1.25 capital
profits distribution which was paid in shares of the company's stock
or
in cash at the shareholders'
option.
Approximately 63% of the
total capital profits distribution was taken in the form of stock and
only 37% in cash. Dividends paid in 1945 totaled $1, including 63 cents
capital profits.
•
4
was
consideration
per
quarteirly • dividend rif
on
10.
1 to holders Of record Feb. 10.
Payments in 1946 were as follows: Match 1 and June 1, 50 cents
each; and Sept. 3 and Dec. 2, 75 cents each. An extra of 50 cents was
also disbursed on Deo. 28.—V. 165* n. 343.
\
' v *
$241,263
Total asSets of this corporation (at market) at Dec. 31, 1946 were
$15,564,239 compared with $15,671,677
at the 1945 year-end, con¬
tinuous purchase of the cofenany's shares by investors having prac¬
tically offset the market decline.^
;
The company sold substantial amounts of equities in the summer
months
at
prices which subsequently
proved to be advantageous,
reported EdWard P. Rubin, President.
While this did not prevent a
drop in asset value of the shares, it did tend to soften the decline.
Feb.
Standard
The
on
r
Selected Americart Shades, Inc.—Asset
cents per share
record
184,264
$207,035
$27,802
$15,077
of
—V. 165, p. 342.
clined
of
previously
the capital stock, payable March 10 to holders
Payments last year Were as follows:
March 11
and June 10, 25 cents each; and Sept. 10 and Dec. 10, 37Y2% cents
and 25 cents extra each.—V. 164, p. 3420.
$532,873
64,311
$130,970
deductions-.
holders
In
Standard Oil Co. (tndiana)—37V2-Cent Dividend—
.
stockholders have approved
The
;
,
Thevdirectors-en Jarf.-17 v^echufed5
$529,982
2,891
$129,557
$61,730
(net)
income
Prov. for Fed.
$349,540
5,740
$58,132
3,598
income
cper.
.
any
Feb. 28:—V.
$2,201,230
1,671,248
$2,294,630
37%
reserve.
of
nor
1946—12 Mos.—1945
1946—3 Mos.—1945
390,182,316 315,227,446 259,734,286
—_______—__
After
firm
addition, an extra distribution of 20 cents per
share was made on Dec. 16,
last, which brought total dividends paid
in 1946 to $1.80 per
share, as compared with $1.5o in 1945.
The usual quarterly dividend of 87l/a cents per share on the pre¬
ferred stock was also
declared, payable March 15 to holders of record
'
-
to the
loss
no
per
share on the common stock, payable March 15 to
record Feb. 14.
This compares with 40 cents per share
a
1
Standard Brands, Inc.—Dividend Rate Increased—
The) directors ^)l^,'J22'!deibl'ax;ed''«' quarterly; dividehd^^■"■of- 5d cents
y
-f?
Seaboard Surety Co.—President Elected—
Robert W. Watt, it is announced, has been elected President and
director, effective Jan. 7, 1947.—V. 163, p. 2300.
Total
payable
met with
,
letter of notification with the SEC
to be offered at $2 a share with¬
Proceeds will be used for working capital.
Seattle Gas Co.—Earnings390,182,316 315,227,446 259,734,286
LIABILITIES—
.New
Mining Co., Keeler, Calif.—Files with SEC
1,842,251
_
Total
■
out
1,130,477
952,672
1,269,295
expenses
tRetirement arid insurance fund™
■*
$523,590
unpaid.—
outstanding bonds,
on
,
Other
i
accrued
Inventory Re*
depletion
of the reserve, he continued.
Now, with corn prices close to the Gov-/
ernment support level, there is no apparent need for continuing the
fund,;
•■;../
7
For edrrilngd for three and nine months ended Sept, 30, 1946* see
V, 164, p. 2193.^-V. 164, jp. 2591.
T
-;
The company on Jan. 17 filed a
for 94,489 shares of common stock
1,826,155
Brands, trade-marks and good will
Pri¬
Sold
Co.—Bonds
of $750,000—
company,"
This! situation was
on
'Prepaid
Service
the
19,075,277
334,675,764 265,022,008 208,436,450
18,836,702
15,476,117
15,877,175
25,000
188,981
205,653
*Real estate, machinery and equip.
interest
124,464
$531,293
$100,958
$52,945
«
tlncludes
103,157
P. 254.
Santa Rosa
investments
Postwar
2,293,700
V. 165,
on
Inventories
,
*
deficit
'"Loss,
10,742,404
14,399,594
14,794,608
604,963
receivable
Postwar
33,428
charges
Net
$
$
.
This company, which in the third quarter of 1946 set up an Inven¬
tory reserve of $750,000, plans to transfer it into pfofit account, ac¬
cording to A, E. Staley, Jr., Chaifih^ri and President .
v * < ■
The reserve, which approximates the rion-recurring net pfofit received
frorir liquidation of iriVdntofy pUrbh'ased feafiy In the year at lower
prices, is no longe?r needed, Mr. Staley
At the time the reserve was set up, he stated, there was considerable
apprehension as to the effect of a decline in corn prices on profits of
291,678
72,178
2,630
1944
1945
1946
1292,987
160,104
$71,415
14,536
'
-
Public
(A. E.) Staley Mfg. Co.—Plans "to Drop
$203,802
2,180
oper. deficitincome———
deducts,
Misc.
$188*993:
25,498
(net Cr)_
ry.
Other
and
common
$34,338
61,711,684
63,412,601
..Earnings
combined
Net rev. fr. ry. wpers,
4,507,271
serve
1,229,955
765,983
17,500,000
Railway bper. expenses-
398,328
i-•
■
•
*
,
,
Proceeds will be used in the'company's construction program esti¬
at over $9,000,060 for the fiscal year ending Aug. 31, 1947.
These construction expenditures, the largest of the company to* date,
are
made necessary by the continuing and decelerated growth of the
territory served.—V. 165, p. 255.
$4,681,190
4,477,388
$4,696,262
$366,681
400,655
$432,666
76,711,684
81,408,539
1,764~66O
'Chgs. related to pfd. stock issuance
Dividends on preferred stock
; Dividends
on common stocks.^
•1946—11 Mos.—1945
1946—Month—1945
Railway oper. revenues-
-Railway tax accrualsEquip. rents (net Br)„
58,894,183
&
91,385,200
—
17,817,501
19,696,855
61,711,684
.
,
mated
17,187,757
19,229,310
27,972,599
adjust.
$3,482,549
2,398,810
3,014,034 ;
277,473
sale.
880.
p.
MUliidllU
ft/
$359,627"; $3,845,245
280,181
5,677,094
vately—Company has sold privately at a premium to :
three institution^ $3,500,000 first mortgage bonds, 2%%.
series due 1972.
Dillon, Read & Co., Inc., arranged the
N. Y.— Proposed Merger
,
Malting Ct
500,000
;
?
20,737,298///,
,
3,885
$94,301
165, p. 342.
—V.
984,493
14,431,553
1,396,498
21,336,650
income
Net
$348,001
income-—
oper.
1,957,392/; 26,850,082
573,856
3,291,943
—V., 164, p, 3335.
Southwestern
4
Total
$2",890,875 $3*3,987,270 $29,896,941
2,569,202
266,175
—
mt after charges
5,520
Income
Operating revenues
Operating expenses
Opeifatirig taxes
■; $95,346
2,840
$316,538
'5,272
■
—_____
f
—
,Dividends, interest, and sundry
$3,163,378
'
.
567,277
,
profit
Other
$
<j>
613,106 304 430,966,566 387,997,688
342,716
62,374
18,068
26,512
60,448
_
$2,855,875 $34,030,664 $29,981,941
Cr35,000
43,394
85,000
and
returns
less
SAles,
INCOME. ACCOUNT FOR CALENDAR'YEARS
v
$3,188,701
5,323
revenues ___
Uncollectible, oper. rev._
^
i
Period End. Nov; 30—
;
1
'■
*
^A:^l9^]^on^i^;P^:i94^lMos^^4|'■,;
Southern New England Telephone Co.—Earnings—
of
.one
operating income
Production, operating, geological, general and
administrative expenses, taxes, etc. (including
provision for Federal income taxes)™—__
$7,717,529
.
$5,757,625
2,842,909
\
2,307,351
$4,874,620
87,497
.$3,450,274
/;/ 104,486
,
.
standing.
•
The
\
for
•
:
company
advertising
specializes in the manufacture of mechanical pencils
sales promotion purposes and commercial retail sales.
Approximately
90%
of company's present volume is sold through
i established
and reputable advertising specialty jobbers.. The remain<der of its production is sold to wholesale stationery, drug and jewelry
Jobbers who in turn sell "Ritepoint" pencils to retail stores.
Com■i pany has in the past and expects in the future to manufacture pen¬
cils
to
The
be
sold
under
the
brand
name
of
others.
Simms Petroleum Co.—-Liquidating
Dividend—
Total
Net
—V.
company
2,329,355
"
will
commercially
.be
acceptable
economically.
PURPOSES—The
and
which
may
be
manufactured
net
proceeds
($249,000)
to be used
are
Period End. D6c. 31—
Gross
1946—Month—1945
$346,274
v
The directors
$1,053,362
398,231
337,401
207,985
128,317
223,065
386,308
3,134
$45,708
$18,654
132,171
Operating and maint—
72,131
Taxes
Int., deprec. & divs
Surplus
165, p. 113.
temporary loan made by Sylvester G. Lipic to the company or, if such loan has bteen repaid before the proceeds of this
financing are available, to replace funds taken out of working capital
And used for such" purpose.
; r
' * .
;
s
the
'.* ^indebtednessXlfe
,\7 "
^A^i^^lzATfO^f
-The indebtedpesa-of company-to-banks anil others and
xatioh as Of NOV. 30, 1946 was as follows:
,
•
Unsecured
bank
loans
thecapitaii-
—V.
367,014
-
dated
Nov.
iv
,
each
$85,000 .on/Aug.--, 1, 1951—
mtge. serial 4% bonds due serially $8,000 per year
from Aug. 1,
1949 to 1956, incl., $7,000 per year from
First
t
-
•
I, 1957 through 1965 incl., and $23,000 on Aug. 1,
1966, Issued under indenture dated Aug. l, 1946
Common stock (par, $1) authorized 500,000 shares, issued
and outstanding
"
285,766
346,306
135,200
thorized
182,265
23,200
income______——
182,265
:^.Ahares{- "
h. ^
<of; the 42,500 shares1 wnLcpiwlstr of,,224,765:
^
' V V ' "
4 "
' '• ""' ' ^''
^
^
^
'V '
^
,f *
J *•''<
V *
>if
344.
•
\
•
•
^
r
t
ll'et
518,599
*
,
'
Southern New England Ice Co.,
payable
*,.r
June 80,
fr*."*
subsidiary,
$450,000 reserve set up
yepotted an operating
1946* of about $165,000.
company
approximately
for
•
loss, tot the
.
$1,100,000.
about $350,000 and materials arid
,
Inc.—Consolidation—
«'
astbeiated
months ended
Current
liabilities,
$275,600.
'
■
it
was
.
^
:
further*
Other
than
They had accounts receivable of
supplies Of approximately $2,500,000.
payable, - aggregated about
accounts
'
disclosed that the. CoVporation Vrhi ieceiVe ibdut
.
from the sale of the Brazilian subsidiary to Brazilian in¬
terests, of which. $225,000 will be. paid to the Export-Import Bank
an4 to the Bankers Trust Co., leaving abOut $500,000 available. to
TACA. Together ? with $1,000,000 notes Just- sold," this provides about
$730,000
."'.Pep'pV; 1043.1
a
In the Colombian' subsidiary,
The corporation stated that continuance throughout 19'40 Of sUbt
losses and the acquisition of additional equipment Substan¬
tially exhausted Its cash resources. At Dec. 31, 1946, the Company arid
consolidated subsidiaries, ori a consolidated basis, Owed on accounts
SEieceHC,
critjiitit w
Jari. 18/1947;
totaled 2,406,000 kwh., as compared With 2.184,000 kwh. for the c6rresponding week last year, an increase of> 10.2 %y--V. 165, p.'343.
Brazilian Unconsolidated
stantial
$257,511
$523,656
income
With TACA's
value. Of its investment
The Colombian
six
$776,110
204,894
connection
corporation said it is advised by its Venezuelan associated coihpany that, on the basis of unaudited figures, the latter had an oper¬
ating profit for the nlrie months ended Sept. 30, 1946, of approxi¬
mately $125,000,, and an operating loss for Octobef of about $25,000.
4,444
$728,550
in
The
$771,667
6,171
income
Weekly dutpiit inCTeS$ed—
150,000
p.
which has been sold. Also not included is
11,200
$722,378
taxes-—-
operating
Total income deductions.-—;™^-—
shares now 'offered $r6 to fee 'taken ; from ithe Au*
but" unissued Stock so that the capital., stock issued, after
giving: /effect to the sale
V
values
decline, in
61 -mo
NoTE—TfeV 4&.&00
fr
;
income
307,238
1,251,628
295,827
358,853
319,600
on income)_____^
,pede'rat^.4Rcattt^
Eederal 'exeesS
Other
140,^00
165,
dividend of 40 cents per shafe,
Feb. 28, 1947.
A special dis¬
made on March 1, last year.
the Securities and Exchange Commission in connection with the com¬
pany's recently announced, financing program.
„
5
Not included in the loss are reserves for $3,200,000 reduction in
$3,164,894
302,830
——__________
-Depreciatipii'';
Ta^ces (other than taxes
1945
1946
$3,372,925
1,336,127
—_
»,
Aug.
-
Maintenance
,
—______
'
iWsialmentirpf
Jan. 16 declared a special dividend of SO centi per
March 1 to holders of recofd
Operations of this corporation on the basis of unaudited statements,
a
consolidated loss of approximately $2,600,000 for 1946.
This is indicated by supplemental prospectus information filed with
50,000
through 195QT and ;/A final;
on
$596,534
$1.41
$2.81
showed
Earnings—
12 Months Ended Nov. 30—
Operating revenues
Operation
Net
a
2,958,226
$1,187,825
_
Southern Colorado Power Co.
StatO
il4,-'
3% loari payable in four annual instalments of $15,000
,
,
TACA Airways* S. A.-*Td Show Loss ill 1946-^Sells
Brazilian Unit—
;
$70,000
—
representing temporary loan from Sylvester G. Lfpic
rand Helen M. Lipic due on demand bearing no interest
N6te
on"
Jan.
$931,054
'
repay
'' /
/"
"
3,774,292
-■.J;
on
the capital stock,
payable
31, 1947, and the usual quarterly
payable April 1 to holders of recbrd
tribution of 30 cents per share was
1946—3 MOS.—1945
$303,700
106,407
69,452
121,707
$13,655
earnings
■
•
$3,554,760
I
*
164, p. 1915..;
share
-V.
estimated
__L_
.
Sfrift & CO.—Declares Special Dividend of 50 Cents^Southern Canada Power Co., Ltd.—Earnings—
i
(1) to' provide $199,000 to be used as additional working capital so that
the company may have funds for the purpose of purchasing inventory
; arid raw materials, paying for work in process, arid carrying finished
Inventory and accounts receivable from its customers, and (2) .to
profit for the period™
profit per share
Net
closed on July 19, 1944.—V. 161, p. 1469.
advanced
»
$4,962,117
intangible devel. expenditures, depletion and deprec., rents of undfivei. leases, leases abandoned and expired, and interest on debentures
18,
1946, the trustees in dissolution of this company were authorized to
pay a-liquidating dividend upon each share of stock of said company
upon the filing by stockholders of proof of ownership of shares, to¬
gether with Shares certificates With Wilmington Trust Company, Tenth
and Market Ste., Wilmington, Del. The transfer books of the company
By order of the Chancellor of the State of Delaware, dated Dec.
were
for a consideration of $15,000, to be considered as
royalties, has acquired a license under U. S. Patent No.
relating to a mechanical pencil, to be exercised with the
.payment of royalties therefor, under which it hopes to manufacture
a
new
model pencil with desirable characteristics and features,
resuiting from a combination of parts which heretofore, so far as the
> company
is informed, has never been, incorporated in commercial
fi pencils. Company is engaged at present in engineering and experi¬
mentation to produce a pencil having the patented features which
•
Balance
Miscellaneous income
THE COMMERCIAL &
tun <
•'
-i
••
,
.
r,
^
«*
,
•
—traffic and
Mr.
Tele-Tone Radio
-• "•
"•.
- .■
United Corp.
'
165,
p.
344.
•
Vincent O'Neill
J.
Inc.—Loan Con¬
Western Air,
&
:
Conversion terms of the $10,000,000 loan to this company by Hughes
Co. provide that the loan may be converted to common stock
oiat die air*line atrany.time at the option pf Hughes Too) atja
?
Tool
price.
••
•'•*'"7t»ased
the NeW York Stock
the 10 days preceding the conversion, it was announced
the average
on
; Exchange over
of. the 'closing prices' on
recently,—V. 165, p. 344.
Truax-Traer Coal
•
Co.—Increases Quarterly
|| and Declares Extra—
,
1946
tn
Sept. 10
Corp.—Dividend Increased—
Jan. 20 declared a regular quarterly dividend of
on the capital stock, payable March 17 to holders
Union Bag & Paper
directors
The
on
\' 50 cents per share
record March 10.
Last
year,
the following distributions
June 24,
15 cents each; and Sept. 16
•Iof
'*
each and
25 cents
made: March 18 and
and Dec. 14, quarterlies of
extras of 25 cents each.—V. 164, p. 3337.
Union Electric Co.
were
of Missouri—Earnings—
MONTHS ENDED OCT. 31, 1946
EARNINGS FOR 12
alone)
(Company
Total operating revenues
operating expenses
Total
'*''
——
revenues
operating
Net
*,
$37,867,944
29,175,166
.
—
$8,692,778
—
6,016,984
jHon-operating revenues ——
income
Gross
!f
$14,709,762
4,162,002
—-—
Total deductions «•
WCt income
—-
CONSOLIDATED. INCOME
£
v
-xr&:
,t
?
.
? 12
$10,547,759
MONTHS ENDED OCT. 31, 1946
■;
'
,.,*,•
Gross Income
—>-.—-
income
Net
.Form of
$14,538,155
4,106,113
—
$10,432,041
—
Certificate—
deliveries
of preferred stock, $3.70 series, up to and including Feb. 4, ;1947, may
tie made either with temporary certificates or with permanent cer¬
tificates; that beginning Feb. 5, 1947, only permanent certificates shall
The
V
t>e a
New
York Stock Exchange
...
,£ •
*
<
.
,
,
; *
company
for
mining proprties in Arizona.
Corp, for acquiring
-Clemenceau Mining
*
> «»•'«» ....
informed the Commission it had retired 1,352,313
cumulative preference and that it anticipates within
the
next 12 months retirement
of the remainder.
It also asserted
that it does
not intend to eliminate preference stock through its
on.Jan.17. directed that
delivery.—V. 164, p. <2836.,
Victor Chemical Works—Earnings-
>,
recapitalization into common stock.
Since the Commission's order, the corporation said,
securities and has
portfolio
respect to Philadelphia Electric
United Gas Improvement Co.
It
disposal
anticipates
Columbia
Gas
&
of
Electric
a
it has disposed
ceased to be a holding company with
Co., Delaware Power & Light Co. and
substantial amount of its holdings of
Cincinnati Gas & Electric Co. and
Corp.,
Niagara Hudson Power Corp. and may also
Public Service Corp. of New Jersey within
dispose of its holdings
of Columbia Gas Holdings—
V.
163,
Vogelbach Associates, Inc., N. Y.—Files with SEC—
company on Jan. 21 filed a letter of notification with the SEC
200 shares of preferred and 50 shares of common to be offered
in units of four preferred shares and one'common share at $500 per
unit without underwriting. Proceeds will be used to enter the import
The
for
and export business
1
corporation has filed with the Securities and Exchange Com¬
a
plan to exchange some of its holdings of Columbia Gas &
Electric Corp. common stock for its own preference shares.
The company will offer four Columbia shares plus $2 in cash for
each share of United Corp. $3 preference stock. The offer is voluntary
and is to be limited to acceptance by holders of a maximum of 200,000
United Corp. senior shares.
United
now
holds 1,919,856 shares of Columbia common.
Under
plan this holding will be reduced to 1,119,856
of the Columbia common outstanding.
of
Products
Co.,
shares, or less than
Net
Other
Dr28
$650,415
Dr2,113
$467,440
Dr 10,982
*$519,488
for
$293,901
$648,302
$456,458
Cr447,790
Cr75,000
201,573
466,758
75,000
$3,302
$92,328
$106,543
43,500
43,500
$0.02
tax__
income
reconversion—
for
$0.30
Net
profit
Dividends paid
Earnings
$1,273,075
335,776
—.
share—...
per
Jan. 13 filed a
SHEET
$179,655; accounts receivable (commercial and gov*
$18,536; accounts receivable (U. S. Treasury tax
ASSETS—Cash,
contracts),
accrued
the year
expense,
balances,
credit
tax
$244; customers deposits on
$2,691; distributor contract
(contra),
tions
orders, $1,580;
customer^
deposits, $3,250; reserve f
contingencies, $30,673; common stock (no par—145,000
outstanding!, $520,000; capital surplus, $60,193; earned surplus,
504; total, $1,141,714.
for
NOTE—The company has been
advised, under date of Dec.
shares
$456,-
20, 1946*
profits will be required under the Renegotiation.
ended Sept. 30, 1945.
With the receipt of
this notice, the company is now relieved of all liability under the
Renegotiation Act during the entire period of operation of the Act.
—V. 163, p. 949.
that
production at the
plant, it is announced.
The hose carries hydraulic ■ fluid under enough pressure to flatten
a cold
steel rivet into place with one powerful stroke.
It is built of
oil-resitting synthetic rubber reinforced With steel wire. It transmits
pressure of several thousand pounds per square inch from generating
equipment to the silent riveter.—V. 164, p. 3003.
refund
no
ot
the .fiscal
for
Act
Co.—New Product-
noiseless riveting hammer is in
withholding
employee
per share
"•
United States Rubber
$3,981;. .total,. $1,141,714.$41,585;
$3,516;
deductions, $3,979; employee bond deduc¬
deferred
LIABILITIES—Accounts payable, $12,564; accrued payroll,
social security taxes, $4,935; other accrued
taxes,
Co.—Estimated Eaniiilgs--
then
Rubber hose for a
$0.83
SEPT. 30, 1946 a
AS OF
carry-back), $474,758; inventories, $219,215; cash held for employee
bond purchases
(contra), $244; investment in stock of other corpo¬
rations, $1,470; land, buildings and equipment (less reserve for de¬
letter of notification with the SEC
stock to be offered at par with¬
used for working capital.
earnings of this company and Its subsidiaries for
31, 1946 are estimated at not less than $9.75
43,500
$0.73
> .
$120,681
43,500
*
♦Loss.
outstanding, according to C. H. Shaver, Sec¬
retary and Treasurer, in a letter to stockholders.
This would be equivalent to a net income figure of approximately
$12,239,500 with 1,199,179 shares of common stock outstanding.
Net income for the comparable period in 1945 was $4,352,183, after
all charges and taxes
and equal, after preferred dividend require¬
ments, to $3.18 on L197,885 shares of common stock.—V. 165, p. 379.
b£
*' '
'•
' .V»" >•"{';*. r;"*
'
'
.
.
$314,237
J)r20,335
profit
Prov.
Res.
Dec.
stock
805,635
*$519,459
preciation),. $243,855;
common
746,539
income
Net
Westminster, Md.—Files with
5,000 shares ($1 par) capital
underwriting. Proceeds will be
Net
$1,396,954
141,975
profit
oper.
ernment
^United States Gypsum
of
$456,212
309,243
ing, sell. & adm. exps.
SEC—
out
12,932,049
*$210,217
profit
Manufacturing
BALANCE
United
1944
1943
$12,046,604 $14,660,590
10,649,649 13,387,514
348,327
sales
of the Columbia Gas
holdings
its
1946
1945
$138,111 $13,388,262
sales
Engineer'g, subcontract¬
Stock thus reduced, United
Corp. will be able-to retain its remaining holdings of the issue pending
more
advantageous market conditions for their sale.
United now has outstanding 1,136,199 preference shares.—V. 165,
p. 379.
:
:* J.*
With
Co.—Annual Report—
Waco Aircraft
The
10%
in Latin America, etc.
Years Eded Sept. 30—
Net
Cost
mission
the
1617.
p.
of
the next 12 months if in
the meantime pending reorganization proceedings are completed.
The Commission gave interested parties until January 27 to ask
for a hearing.>
Plans Exchange
1948—3 Mos.—1945 .
1946—9 Mos.*—1945
profit
$589,465
$273,045 $1,612,974
$779,758
tEarns> per, com, share-$0.74
v $0.36 - V
$$2.02
*$1.04
♦After
charges and taxes.
tBased on"749,000 common shares.
$After dividend requirements on preferred shares now outstanding.—
Period End. Sept. 30—
"Net
its $3
of
ended
Total deductions ———————.—————
.
corporation
The
shares
-
n,;,;,,7
-
venture.*-
,new
for
'
<^
on Jan. 20 filed a registration, statement with! the
405,000 shares ($1 par)-capital stock. The stock is to be
privately to a small group of subscribers to the original syn¬
dicate
and to stockholders of the Clemenceau Mining Corp. at par.
Proceeds will be used to effectuate the purchase agreement with the
The
offered
•
also held that if the company embarked on a new
type of business, the program should be approved by a majority of
present pereference and common stock voting by classes or by a
majority of new common stock if the corporation recapitalizes on a
one 'Stock
basis before seeking stockholder approval of the proposed
,
^«omH)peratingrevenues
-
.
-
.
.
2901.
p.
Ltd., New York- -Registers with
sec—
SEC
had directed the corporation to change its capitali¬
stock and to take action to cease to be
The company on
operating
Total
163,
Exploration,
Verde
class of common
to one
holding: company.
STATEMENT
revenues___^___-i.__________——__—$53,176,470
fTotal operating .;'expenses^r-.-»r.-..----.---T_^-r-_-,-i.-rr., ; 38,910,713
Net operating revenues —_«„»^>-_--.-^-^------r^:--.- $14,265,756
;S ;
registration.—V.
from
outstanding
class.
a
of
a quarterly dividend of 35 cents
of 50 cents per share on the capital
holders of record Feb. 28. Payments
were as follows: March 11 and June 11, 25 cents each; and
and Dec. 10, 30 cents each.—V. 164, p. 3152.
directors on Jan. 22
The
Dividend
'
declared
,
share and an extra dividend
stock, both payable March 10 to
|>er
-
stockholders at the annual
providing for its future operation as an
-
f:'> The Commission
vertible Into Stock—
.
Valley Osage Oil Co.—Stock Withdrawn—
/
March, 1946, 134,468 class A shares of stock were offered to
the public at $12,50 per share, through' the New York: office of Gilcrease Oil Co. of Texas.
Of the shares offered 488 were sold to the
public for a total of $6,100 and 112,980 shares have been removed
In
-
will submit a plan to its
company.
The Commission
a
..Transcontinental
Investment
not
does
its
zation
1127. '* •
-p.
as
provision
as
will
Operate
intend to proceed with such a program, however, until
$3 cumulative preference shares have been retired
made for their retirement.
„
This was disclosed on Jan. 20 in a request by the corporation to the
Securities and Exchange Commission to modify its order of Aug. 14,
1943, to permit approval of the company's plan for future operations
by the holders of the majority of its present common stock, voting
It
all
or
has been elected to the office of Vice-President.
He had been for many years with the National City Bank and
liave direct charge of the banking activities of the company.—V. 164,
•
year
;
The corporation
investment
Trust Co^ New York—New V;-P.—
Title Guarantee &
a
-Plans to
(Del.)
meeting to.be held on April 9
.
Therinold Cov (& Domestic Subs.)--Sales Higher—
31—
, 1946—Month—1945
. 1946—12 Mos.~i945
Sales
——
$1,804,019 : $1,453,441 $21,346,958 $20,648,461
—V.
over
Concern—
Period End. Dec,
*
approximately 1,524,300 cargp tonago and nearly 14% over the
the new nickel postage rate,
flew an estimated 956,240
25% from November.—V. 165, p. 379.
^ 7:
increase
227%
a
ton-miles, up
'
t
for
previous month. Air mail, now moving at
continued to gain in December.
United
istration
1^870.
sales.
said United operated
Crary
miles
Corp., New York—To Withdraw Reg¬
Statement—
^
The company has filed a request with the Securities and Exchange
Commission to withdraw its registration statement, filed Aug. 1, 1946,
covering 210,000 common shares (par 50cJ of which 75,000 were to
>t>e scld by the company and .135,000 by a certain: stockholder.—V. 164,
filed a letter of notification with the SEC
for 2,098 shares of common stock
(par $10) to be offered through
Hamlin & Lunt, Buffalo, at market (about $16 per share). Proceeds
go to selling stockholders,
'
- ,
1
5
"
' - •
[The four last lines in the item under this company's heading, which
was published in last week's "Chronicle,"
page 380, should have been
given
under "Victor Chemical Works." Ed.]—V. 164, p. 2195.
The company on Jan. 13
estimated
*
Y.—Files with SEC--*
Upson Co., Lockport, N.
mdunting^ioduction: and peak loads of holiday goods, according to
figures released on Jan. 22 by Harold Crary, Vice-President
addition, TACA s61d three
Transcontinental
net, after
$1,500,000 working capital for TACA. In
Douglas DC-4s and two Douglas DC-3 type planes to
&
Western Air late last year,
realizing $500,000 cash,
repayment of loans on this equipment.—V. 165, p. 344.
«
**' l* * -<
k";»
' -/ ■ * * * v.
v.
'
Monday; January 27; 194/
FINANCIAL CHRONICLE
580
year
company's Passaic, N. J.,
"
.Union Terminal
Cold.,Storage:^o;> inc. (N.JY.)-^Tra|id"
fer Agent—
for the 4%
stock ($100
ferred
p.
of New York has been appointed transfer
cumulative prior preferred. stock ($100 par); pre¬
Guaranty Trust Co.
The
agent
par);
and the common stock
$10 par).—V. 155,
Corp.—Wage Negotiations On—
between representatives of the
five principal steel-producing subsidiaries of this corporation and the
United Steelworkers of America, which was to have been held in
Pittsburgh on Jan. 16, but was postponed by agreement of the parties,
was begun at the William Penn Hotel in Pittsburgh, on Jan. 24, 1947,
United States Steel
2464.
Inc.—Files Financing Program with
SEC—
corporation on Jan. 20 filed a registration statement with the
Securities and Exchange Commission covering a program calling for
approximately $49,500,000 of new financing with which to hold
costs of its immediate postwar expansion program. The proceeds will
be joined with reserves already built up to finance the purchase of
The
at 9:30
Illinois
v
A
the
ficiating plants of
;
common
4)1 50
'
The
five-mile-a-minute Mainliner 303's (Martin 303's)
four-engined, 340-mile-an-hour Boeing Stratocruisers.
present fleet consists of 106 twin-engined and four-
twin-engined,
by seven
company's
Mainliners and Cargoliners.
' ■ , 4
facilities involved in the expansion include traffic and
offices, shops, hangars, passenger terminal facilities and
/maintenance
bases. Ground communications equipment will include
■various devices for improving the regularity and over-all efficiency of
engined
"*
t,
•r
,,
.
•
;'
,
7.
for many years to come. In addition to the
$34,000,000 program, the company is planning to make investments
of over $6,000,000 in the development of undergroupd mining prop¬
erties, which will provide more jobs for miners on the iron ranges.
Mr, Elstad pointed out, however,
that in the completion of such
'" . a program the expenditures involved would be necessarily; controlled
•>; by the amount of money available after taxes.-
submitted as part of United's
registration statement showed net income of $2,343,630 for the nine
months ended Setft, 30, 1946 and $2,434,239 for the 12 months ended
that date. In 1945, the company's net income was $4,203,815. Current
assets of United, as of Sept. 30, 1946, were given as $26,892,017. Investments and special funds, as of the same date, totaled $10,326,516,
end operating property and equipment, $16,734,782,;,
Record Air Cargo Mileage Flown—w
•
'
:
An
all-time record of more than 1,500,000 ton-miles of air cargo
was flown by-United Air Lines in; December under the stimulus
of j.
in
Blaine S. Smith,
sidiary,
announces
President,
as
Chief
Chief Engineer—
Cement Co., a sub¬
Reld, Assistant to
Engineer of that company.—V. 165, p. 379.
v-K'CK
President of the Universal Atlas
the appointment of Henry P.
$374,082
161,790
and
.
;
129,460.
fl,417,600
75,000
. ..
$499,082
—
—
$5.22
$6.31
$7.44
production
of $22,000
preferred dividend requirements.
facilities to peace-time
tAfter post-war refund
contingencies,
§After
JFor contingencies.
company
RESX7MED ON COMMON
STOCK
on
cents each were, made; on this issue; none since.
SHEET, OCT. 31, 1946
ASSETS—Cash on hand and in banks, $586,944; trade acceptances
and accounts receivable (after reserve for doubtful accounts of $25,000),
$1,612,132; due from U. S. Govt, on claims resulting from adjustment
;
payments of 37Mi
CONSOLIDATED BALANCE
amortization deductions applicable to renegotiation, $3,652;
(at not in excess of the lower of cost or market),
notes and accounts receivable (employees), $36,111;
render value of life Insurance, $26,168; deferred charges, $7,568;
of
and
inven¬
$1,675,035;
tories
cash sur¬
plant
other
for depreciation and amortiza¬
patents (at cost less amortization)*
(after reserve
equipment, at cost
tion of $1,135,082), $1,356,028;
$4,991; total, $5,308,630.
LIABlLniES-^Accounts payable, $356,135; accrued wages, salaries,
other compensation, $454,556; accrued taxes other than Federal
state income taxes, $88,188; employees' pay roll deductions for
social
security taxes, $3,413;
dividends payable, $72,807; provision
and
v
and
for
Federal Income taxes,
$497,368; state income taxes,
$45,128; pro¬
contingencies, $250,000; $3 preferred stock ($50 par value).
stock of no par value (outstanding, 59,629
$753,935; paid-in surplus, $64,400; earned surplus, $1,742,150;
$5,308,630.—V. 163, p. 697i
vision
for
$980,550;
Minnesota
Official in Unit Appointed
$439,357
191,207
$2,121,142
Nov. 1, 1946, paid a dividend of $1 per share
on
the common stock, no par value, to holders of record Oct. 21.
1946,
From Aug. 1, 1929, to and including May 1, 1930, < quarterly
The
The program
industry
1944.
DIVIDENDS
and
reservations
scheduled operations.
1 >•
/, f ■ A summary of consoldiated income
requirements
in
long range program conducted with a view toward increasing
con¬
serving natural resources through the intelligent use of marginal ores
and taconite, thus, assuring an extension of the life of the mining
Ground
"
*125,000
$502,623
58,833
59,629
share
of plant and
conversion
•For
of more labor
•
,fv find
dividends
iEarriings^per common
located at various
additional facilities at the company's
covers not only the use of marginal and high silica
requiring the mining of many more tons of material and the use
and equipment than in the case of direct shipping ores,
but also the further reclamation of fine ores now being lost in tail¬
ings. Extensive fundamental research work on magnetic and non¬
magnetic taconites will begin this year, as an extension of the work
done by Batelle Memorial Institute with which Oliver's research lab¬
oratory has been cooperating during the past three years.
Recently the Oliver company established a new research laboratory
at Duluth to continue and intensify its pioneering program of re¬
search in the general improvement of Lake Superior district iron ores
used by the steel making facilities of the United States Steel Corp.
While the laboratory is not yet in full operation, it already has an
annual payroll of over $100,000.
The company has been carrying on for many -years ft program de¬
signed to study ways and means of improving iron ores currently
being mined and to make experimental investigations of the concen¬
tration of lower grade iron ore formations for future use.
The plans disclosed on Jan.
21 contemplate further steps in thi3
—-—
Common
varying size and capacity, to' be.
ores,
$439,357
J25,000
transferred to surplus
dividends -
Preferred
•
Steel
will be
points on the Mesabi range; also
rearch laboratory at Duluth.
$527,623
-
Net income
$34,000,000 in the next six years has been planned by the Oliver Iron
Mining Co., according to R. T. Elstad, President of this U. S.
Corporation mining* subsidiary. The first step in the program
inaugurated this year by an expenditure of over $2,000,000 in the con¬
struction of two beneficiating plants..
;
>
Included in the plans are the construction of four additional bene¬
stock, * who will be . given a prior; right to 'sub¬
scribe,
Mr. Patterson said. He added that
any balance not sub¬
scribed will be offered to the public by the investment banking group.
Currently United has 1,848,087 shares of common stock and 39,150
Ahares of management stock outstanding.
.
According to United's registration stdpment, the company's $85,165,000 expansion expenditures will inclflfle $58,456,000 for new flight
equipment; $22,517,000 for new ground facilities; $425,000 for ground
communications equipment, and $3,767,000 for miscellaneous purposes.
United already has taken delivery on the first of 35 four-engined,
ffive-mile-a-minute Mainliner 300's (Douglas DC-6's) which will go
Into service early this spring. These planes will be followed by a fleet
/*. company's
entailing an expenditure of over
166,650
1,290,000
70,000
Appropriated to reserves
Plans Large Expenditures—
of research, construction and expansion in
long range program
field of iron ore beneficiation
$1,966,008
175,891
420,000
42,000
deductions
& excess profits taxes
income tax
—
Net income
Coal, Iron & RR. Co.-
Mining Subsidiary
$1,885,844 $2,053,923
80,164
67,219
income
State
CarnegieTube Co.,
-
income
Total
Other
Fed.
$1,079,493
86,021
$1,165,514
profit
income
Other
-
companies are the American Steel & Wire Co., the
Steel Corp., the Columbia Steel Co., the National
and the Tennessee
equipment, additional ground facilities and communications,
etc., costing a total of approximately $85,165,000.
W. A. Patterson, President, outlined three steps in the corporation's
'pew financing, as follows;
1
Issuance of $12,000,000 par value, 20-year sinking fund,
%
-debentures to be placed privately with insurance companies.
2. Offering to common stockholders of 94,773 shares of cumulative
preferred stock, $100 par value, which will be underwritten by a
group of investment bankers headed by Harriman Ripley & Co., Inc.
This stock will be convertible into common. The dividend rate and
the conversion price will be determined later.
:
...
V
3. A $28,000,000 term loan to: be arranged with a group of more
•than 30 banks headed by the National City Bank of New York.
When the registration statement becomes effective, the corporation
Wjn offer the preferred to the approximately 25,000 holders of the
flight
.
a.m.
Ended Oct. 31—
Gross
conference
The five
defray
•
bargaining
collective
A
United Air Lines,
Manufacturing Co. (& Subs.)—Ann. Report—»
1946
' 1945
1944
Net sales
$11,673,221 $15,696,519 $14,728,172
Cost of sales
9,080,007 12,450,156 11,605,928
Selling, general & admin, expenses
1,513,720
1,360,518 1,068,321
Walker
Years
shares).
common
total*
Warren-Teed Products Co.,
SEC—
'
f
{
-T
Columbus, O.—Files
' T
' ' r
The
company
on
with
,
the SEC?
debentures, due
Jan. 15 filed a letter of notification with
for
$300,000 12-year 43/4%
sinking fund unsecured
1958.
to be offered at par. Underwriter,1 The Ohio Co.,
Ohio. Proceeds will toe used for payment of <debt,
discounted accounts teceivable and"for working
^
r
Columbus.
repurchasing ot
capital.
..
4* ^
iVolume
165- Number"4563
^• Watson (H. S.) Co.,
The. company
Jan.
on
San Francisco—Files with SEC—
17 filed
forking* wpital
'• I
i
* underwrltlng* Proceeds will-be-
'*"?
4
JY$i' f
'V "'
i
•'West Virginia
Pulp
^ "£'£« >?
v
s''
used to increase:
•*?*'•
(V'l
?l'v
.<-»
-l
,
were
«02«?■
ratio of 8.11 to
a
$32,002,793
and
$4,196,226,
1.
Similar
A.
were
the
of
A.
Stickler,
who
corporation;
new
director, And F, L, Putnam,
E.
V.
director,
a
Accrued
is President, Treasurer
Twomey, Clerk and a
L.
tProv.
Reserve
The
Massachusetts
Stickler
the
shares
agreed
has
company
Delaware
the
of
to
purchase
corporation
2
aside
.
during
company
Pr°8ram
the
but
war
25+? !^n<? dePlstlon
a
«
c^ober 1947
fu
ana
the
started
designed
also
construction
utilize
to
the
charges of
not
estimated
company's postwar construction
the expenditure of at
least this sum,
ftAA
57,500,000.
©uilding
the
Jvill cost more
the
than
and
This
:
1947
depreavail-
were completed in 1946, at
difficulties
encountered
will
program
take
originally estimated.
-v
■;
fiolM
„
,
.
after
.
>
,
discounts, returns
and
'
i
Other
and
general
operations
™__;
vThe
Premium
in
the
•Profit
on
sale
of
timber from
co.'s
•
>
Preferred dividends paid
rr
Common dividends paid
$|
3,850,000
42,000
3,300,000
$2,142,072
15,775,529
2,174,411
11,677,222
653,989
2,165,837
df
-^•Notes
>>
and
accounts
'1U.
wood
S.: Government
market.
receivable/™,.™;^™.!™:!..
contracts™™:™™'!™-!..-:™:..:
•
securities™/.!^™™.;™™..
;r Other- assets
-
follows:•;
•
1946
^"-Dividend
on
$150,000
•of
preferred stock; payable Nov.
.
and.empjoyeea' jirofiti.
-..:
/^''^^haring^honusl^^^^^i^w^-i.™^;
AV»%
cumui.-preferred stock
Common stock-
i no
Income reinvested
;
($100 par)_..l_.i
par-^-issued'946,352 shs. )i_
retained
or
in
the
business..
i
for
12,000r
be -used
,290,404
The
151,^069 DrT,151,069:
V*V
.
'•■y
•..
v-i
-
^
j
b'f,
i
'
'
■'
**.':-'■<*
•
per
of
In
December
1946
for
the
purpose
of
Dec.
distributing
month
airplane
William
of
parts
,
13,
The
the
the
$4,000,000 under
principal amount
>
On
and
in
Common
averaged
to
net
(Mass.)
'"
in
Chair-
Antonio
Municipal Airport, occupying space rented from the City ol'
; ;
;' V PURPOSE—T'he -additlwial
capital resulting frm this financing wiil
v fee
of
a
loan
acquisition of
agreements
agency
is
payable
over
dated
Dec.
period
a
of
2,
by
1946,
four
■■
v
PROFIT
top,
AND
sold____™.
noils
LOSS
;
.
and
for the purpose of
retiring bank loans and other indebt¬
ahd f increasing J the • operating - capital; Jri order
to "carry more
complete inventories.
;
,
.".CAIUTALlZATIONf—^Capitalization
i
<$5
©f
par)
which
preferred stock
35,000 shares
and
are
*
,
,,
,
consh5tis:-of .7,000
90,000
shares
publicly
ot
offered
the State of
r
-
shares
to
Matthews
Texas), 35,000 retained by W.iB.
in exchange
for his-present
business, and 20,000 shares will be held in the treasury "
*s authorized
and subscribed for by
employees and* W. B. Matthews
Z *it;. $1 ;per; sharev Jtd be rpaid
|or :in full ;in>notvto exceed tw6 :years;>
^.
( '.ANTICIPATED
EARNINGS—W. B. Matthews, President and General r
Manager, has estimated that the additional capital which this financ ¬
^
requirements
:,
v
or
more
REGISTRAR—The 'Alamo
classes of
>
:.
times
stpck;will
-
-.;
v
leave
net
earnings
The
company
has
New
Public
Service
i nUnder
the-proposed Tate increases, the monthly charge
Stock-Exchange quotation services also will
tax and
to
$1,715,255
873,835
i™.^—-—
'
$10.—V.
rise,
165,' p. 380.
on
'
$6,904,819
$22,500 payable within
one
$6*851,891
year
(included
extra
an
declared
dividend
a
quarterly
dividend of
50
per
of
cents
share
50
cents
the
on
$49j61v
Worthington Pump & Machinery Corp.-—New V.-P.—
.
Companies in South America
and
Europe, t making hi»
headquarters at the; home office In Harrison; N. J.—V. • 164,; p. 3003.
>
(Rudolph) Wurlitzer Co.—Dividend Increased—
The
$702,084
directors
March
tributions
389,260
1
have
to
declared
stockholders
of 20
cents
each
a
dividend
of
record
Feb.
of
were
made
*v
>(".r
~
in
;
40
per share, pay¬
Four quarterly 'at¬
165,
hand—
.
,
i
'
:
$1,308,558
ware
$898,123
two
2,549,890..
Others
2,152,270 .;91,202.
; 166,614;
;
patents
fendants.
'
-
■'
:
520,57Q
valid
ting
2,728
•
.102,846
6,186,953
547,812.
.
is
972,303
8,456,148
_™™„ui-™-™™
Property, .plant and equipment--™---™^™?™
-•Prepaid and Referred items
aid.:devices,•
When
dent
or
for
General
had
-owners,
—
-
'"For
-
24*385
178,000
5,836,975
190,044
.
""."79,544
125,382
5,417,504
19,620
»
a
is
several years we have
bone conduction unit of our
the
our
$18,952,008 $16,875*471
first
crusade
that'we
them
™—
are infringed thereby.
/
>
comment, Commander E. F. McDonald, Jr., Presi¬
Manager, said that the suit had been filed because
been threatened with infringement'suits by
the patehi
reached
and
Zenith
„
on bone conduction hearing aid units owned by
the de¬
complaint asserts that neither of the patents involved
validly covers the bone conduction units of Zenith's hear¬
The
or
•
••
„
■■
Total
^
Validity of Acdus-
This corporation has filed suit in the tT. S.. District Court of Db1a*-»
against-Dictograph Products Co., Inc., 'manufacturers of Acbtisticon
hearing
aids,
seeking a
declaratory judgment to
invalidate
)y:'~
.
Unbilled processing charges™™™™-™
Merchandise inventories
■
381.
p.
.*
-
Zenith Radio Corp.—Sues to Test
t Including
cents
14.
1946*—V.
ticon Patents—
,,,! Customers,
j
per
ca+wcal
S.i Riley Williams has been elected Vice-President in
charge of tor*eign business. He will have responsibility for the sale of the company's*
products for export, as well as the administration of
Worthington
Nov. 30, -46 Dec. I, '45
.
..Supplies
"ac¬
"
both payable March 1 to holders of record Feb. 10.
In 1946,
the company paid four quarterly dividends of 40 cents
each, end. in
addition, on June 1, last, an extra dividend of 50 cents per share.—
'
UiCS.; Government >securities«-™-----.^---«----->Accounts xeceivable:
:
>
in
Woolworth Co.-r-Increases Dividend—
directors have
and
"
+83,217
COMPARATIVE BALANCE SHEETS,
•
Deposits for Social Security taxes and purchase
'.-'•.of United States Savings bonds (employees)—
207c,v
Insurance premiums on deposit with mutual cos.
the average, about
137,543
1,661,828
.
CONDENSED
Commission
order-"
h4:
140,088
^,™_™™™-;_L-™
stock,
able
Cash in banks And on
for New York
800,000
1,863,812
™.^™™«_
■_
deducting
-
374,000
available
permission.-to-increase its intrastate
telegraph < rates by
Its commercial news department
charges by 15% r and its money
premium charges by about 43/107rV it was learned
recently.""
2,500,000
'
"to
York
no.ooa
:
800,000
-
(F, W«)
1,319,000
ASSETS—
National Bank,
the
319,461
106,875
2,481,875
Associated
-
San Antonio, • Texas. - Both *
be transferred .on; the tbooks of the copipany. ;
asked
$1,459.29U
183^30
payable, etc." account.—V.* 165, P* 257;
The
90,112
,
142,000
':
20 cents per
share, which *
expansion idf the business'.
' J
1
for
,
and
cents
$6,851,891
$1,192,708
for regnot.
(5% cumul. conv.—$25 par value)™
stock ($2 par value) _-:-^™™™
surplus
Total
counts
share
$2,388,189
•
855
^including gain on disposal of. fixed, assets of
loss, on disposal of'fixed assets 1945,- $67,242.
Western Union Telegraph
Co.—Seeks Higher Rates—
-
:V!
•
eight
to common of conservatively 15
should Increase: with the normal
;;
enjoyed.
preferred dividend
res.
stock
Capital
•-
ing provides will at least" double the gross business
heretofore
This should result In
earnings sufficient to cover the
>96,793
705,447
-
V. 165, p. 257.
1,028,000
m
;
696,267
$6,904,819
-
'Earned -.surplus
Dec. 1, '45
$2,733,926
*152,183
——
surplus
Dividends paid
.
7- 189,081
>93,703/
i&xzr--'
-
Common
>"f'
surtax (est.)_
Balance
185,701
■
on income
(estimated)™™™™™^—/™
•Mortgages payable on properties acquired
ACCOUNT
Nov. 30, '46
charges
Prov. for Federal income
of
1,276,929
105,48a
72,847 V
1,840,426"; : 1,802,397
-■—
payable, accrued exps., &
the
Proy. for Federal excess profits tax (S8&)™™™
(50c.),
residents
58,808
1,344,889
59,389
95,321
—™™™™™™,.
Taxes
Pfd.
$29,796,351 $28,236,363
25,454,704
24,344,364
expenses^..*.™™™
1,607,721
1,503,810
Profit from operations
income '1
Other
assets
-
Total
wool
Other
.
of '5%
stock
common
(only
t
r
on
LIABILITIES—
—__™_™™_
Selling; and. administrative
taxes
Purchased' goodwill
with inter¬
-
Federal
of
Deferred-':''-charges'
borrowing:,
■
?
1,075,507
105,480
prop¬
wherein
years
59r121
1,394,372
59,383
Patents
company,,
Nashawena Mills
provided
were
,
$1,139,917
'
reserves
Property*' plant *and"equipmeht(het)-™li™ii.!.
lot&ted
these
refund
$1,299,538
less
-
used
edness
66,060
-
'
Inventories
»™™™./,/™™-™™™™-.
Cash surrender value of life insurance™.
that
of
receivable
for
•After
purchase
agreement
cloth,' yarn,
goods
*
income
Other
purchased the entire §ales agency
Inc. (Ohio), including the good¬
Co.,
sales
foregoing
grease
Cost
-
^
Claims
Accts.
r
Can Antonio.
:--192,60O
per common
-
are
«,54o
:
dividends declared-^™^.^™_-__^__-'____^_-—
Accounts
1*.
of
excess
l%%..y|::!v:
of
2,30'|,
income-ii.!,-^™-^^-^-:-
ASSETS—
Cash on-hand and on
Marketable securities
Dec,
sales
9,ISO
•;
>!>
COMPARATIVE CONSOLIDATED BALANCE SHEET
'
Nov. 30, '46 Aug. Si, *46
(formerly Ar-
The Monomac properties
earnings since
Whitman
textile
COMPARATIVE
Net
3,292,131
:. ;3I8,llO
1 2L28t»
expenses
Preferred^ivWends^>declared^^^iiv«^j^'^^.4l^-:-r';,j*;'ai;250'
-Earnings
*
Southern
name,
Aero." has been copyrighted by the W. B.
Matthews Com¬
(the predecessor sole proprietorship) and the copyright has been
Assigned to the new corporaton. The business is located on the San
sold
Net-profit
~
••
11,; 1946 William Whitman Co., Inc. became selling agent
Spinning Co., • located in Nashville, Tenn.
This mill
produces cotton-merino, spun rayon and blended
yarns,
which we
will market through our
selling offices.
for
products
•
the
for
of
^
of
It-
•:
Jan. 21 said in part:
on
pany
.
shares
2,750
i ;
1946.
Funds
distribution
•"Western
•
54.5 %'
of
-™;-
$4,137^388
Miscellaneous deductions; from
Taxes on inooma-( estimated
of
the
outstanding shares of
outstanding shares of Nonquitt Mills for an aggre¬
gate consideration of
$3,598,995.
Arlington Mills on the following
day changed its corporate name to William Whitman
Co., Inc. These,
steps were approved
by the Arlington Mills stockholders on Dec..
$10.50
(started
Co., Inc.
16,; 1946 Arlington Mills
all
54.8%
L
.
*|li>b8 merged^th:<r^istra^;';;
•
have
of
and
™™I_r_™„-_^'J..i::2™i.J
Interest -expense
-common
4
.
v.v
■
i
-
•
were
income
Selling, administrative and general
$7,500,000 annually and
Spinning Mill Division. operations have added in excess
per
Total
Cost
Putnam Ap ;Gow Inc., Boston! '^Proceeds wlll.
of- outstanding
•
;
;
:'Reseju,ch:'-engineering'"expenses™^i>i/i-«>w.w-.«i™---i;Cu'^-^-//'
on
sales
holdings
and
incorporated in Texas
equipment.
Company, successor to a sole proprietorship
January 1944), is engaged in the wholesale and retail
©/ aircraft parts and accessories in the State
of Texas.
"'
:
-
.
Other income
statement, these
/'
-
'^Net^iiles
which
-J"
est at
was
were
liabilities
..:;;v
•
business
its
;
HISTORYAND BUSlNESS-~-Corporhtioh
$40,000
On
(plus accrued dividends on preferred from
1, 1946).
Stock offered to residents of State of
^Texas'pnly. ''
iL
Whitman
company
erties.
unit
Dec.
-
.
will
common at
"
-
•Compares with $3,629 in the quarter ended Nov*
30, 1945.,
i
the Monomac
Aero
share of preferred and five shares of
forma
pro
-
>
engine.
resumed
Industries, Inc. (&;Subs.)—Earnings, \etcr--r
EARNINGS FOB- THREE MONTHS ENDED NOV..'
30,11946?" ' > I
company had a net prof it
$31,000 for. December, both
of
the jeep
Co., Chicago $500,000 3.9% loan, due
Woodall
t
old
^
portion -of Jcost
pay
thejBoard,
Monomac's
Supply Corp., San Antonio, Texas—
Stocks Offered—pitman & Co., San
Antonio, recently
offered 7,000 shares of 5% preferred stock
(par $5) and
35,000 shares of common-stock (par 50c) in units of one
"
t
of
with
powered
3194v.
'
.
Lawrence, Mass., not far from the Arlington Mills and are de\»ted
making fine-spun yarns on the French System.
In recent wears
to
'•
.
estimated net profit
Monomac. Spinning Mill Division.
in
-
«
-f
V
the
trucks
applied to pay¬
ment of RFC conditional sales contract
obligation aftd)
40 Teduction^ofishort'term^ bank^loans from!
$600,
to approximately $140,000.—V.164, p.
■
.
*
Western
tinental Assurance
months.
1946,
drive
Crampton Corp.-^Loan : Placed Privately
—The company on Jan. 6 placed privately with Con-
Sept. 30, 1946 acquired the machinery and
equip¬
ment, leasehold Interests, inventories and business
of Monomac Spin¬
ning Co. which was then
wholly owned by William Whitman Co.,
Inc.,; an Ohio
corporation, and whloh is now being operated as# the
depletion
©f $2,624,758 in 1946 and $2,085,260 in
1945.
SAfter deducting U. S.
Treasury tax notes of $5,200,000 in 1946 and $4,670,000 in 1945.
KUndistributed balance of provisions in 1941 and
prior years.
**Represented by 3,681 shares of preferred stock
(at par), $368,100; and
43,920 shares of common stock (at cost), $782,969.—V.-164,
p. 3338.
'V. /
'r-£
' 4 "
^
-
Ctlrrent
four-wheel
;
;
Winters &
Co.^: .^Massachusetts'
payable
and
two
$25,000 semi-annually. ' Proceeds
Current, assets
MillsX-^ADnual Report-^-Frank W. Hobbs,
of
man
;
<
to
lington
_
\
'.•After teserye' of; $285,000 in 1946 and $260,000 in-v 1945. •
tSegrei
«ated for deferred plant improvements, modernization
and
property
•-^acquisition ; (at amortized cost)/
J After reserve for depreciation of
$62,381,580 in 1946 and $49,974,401 in 1945, and reserve for
•
$3,062,754.
of
Wieland, Vice-President in charge of distribution of thW
corporation, and Brouwer D. Mclntyre, President of the Monroe Auto
Equipment Co., have been elected directors.—V, 165, p. 381.
'
.
funds,
,
88,126;
incieasa
Arthur J.
on
(William)
$63,523,800
'
No vcmber,
Peak^-;;
corporation
-New:Directors Elected—
-Jari.:i3; filed a -letter: Of notification with the SEC
shades :($25;pa|,)' $1.5Q participating preferred%4o>be" offeredj
■
'
,
12
-Whiting Milk po. Mpel.) whichs
15,193,40028,619,310
15,775,529
20,233,721
♦Treakurjr
of
-at-<$ar»! Underwriter,. !;,
•
:
290*404
14,803,800
28,619,310
the first
Output-
.The. company, has. produced.more than-79,000 units, since it
Its peacetime operations in June, 1945.-
..
an
The-cdmpany
500^)00
:
line
;
354,661
Whiting- Milk^
Files With SEC—
_
500,000.
.
$32,234, and
-4.011,877
$2,379,561
162,402" ~ "*>166,785"
foriftventorjr price declinesi—™__^_
-
"300,574. 7
251,175 ;'.
"* i
9,221,119
Federal i taxes.
In preparing
the
monthly profits have "not been included.
$3,051,831
15™ "
v
Record
The,. company ^produced .77,988 units, in
1946; of which 71,455 wero
Universal Jeeps, and 6,533 were
Jeep station wagons. - This output*
was reached
in spite of a .40% production curtailment due to a
pre¬
vailing scarcity of material, Mr. Mooney said.
:.'-V ■■■.y'
The corporation plans to produce
161,803 vehicles In 1947, according?
to
present
plans,
including the jeep, Jeep ^station ; Wagon,
and a.
$352,030-
^
13,040,882
.after
•
}
liabilities......
due in
are
For themonth
;:->Iie8erves>for'N4(;Yk;Bta$e^lf^ia$uraii«e/pianjL'£ti^^lpp,$0(l.^'7'100t^00>
HReserves^for officer#*;
'
^Profit
Sales
of: which cash amounted to $517,701.
$1*495,142.
There .were $450,000 of notes
were
'^:;«ReseiT^forTedmLTa*ex.J^^.r:r7i^^r™r«-"~*'"^58,5Wt,i>^^49;880T
.^Heserves
-
borrowed
on
$1,731,459,
^--w-ifr-^r-ri--^^-^i-;-^—^^67.368i9<76^63.523.800
and. accrued
interest
Tl,050,317
'
Inc.—Has
that the production of
9,356 units in December represented an
the previous high
production established last October. <
]>,
$15,200,566
ZI„™™™_
O.—Files with SEC
;
.
•" 14,075,527
-The 'pro tSfotma- balance sheet of
corporation, shows; total assets of
31
806,704
payable
\'
$1,885,$30>.
over
'
'
1841:_|™.™»--__-^___—,
V
.
;
Total
and
'
1942.™
and
;V:;'Peferir^>cbarges%i^^^
A
taxes
1943
CtPfopbrty and planU atVcost-i-™.^-.4.;"™..™ ' 32;i87l251
''28,200,872
V Accounts
r-v'\
income
1944_1™™:™™.™1™_
$15,775,529
,.
v? $1.63•
in
_
*■
'
Federal
1945-/
$8,336,665 $7,588,638
-41 :9,09l;Q;:'?i399,636
5,276,636
<4,177,418 +
.9,343,873'
6,860,454
°813;144i 'X'S64?473
8*455,577. .12,412,174
inventories-™:_„d.l.™_l__c.'-r.-_™___^._.;™_'__
l-i Advances -to
follows
Myrtle I>. Stickler,-6,750; M. -Jule Stickler,
Inc., 2,500..
*
1945
or
-
Go.,
Year Ended Oct. 31
-
CONSOLIDATED BALANCE SHEET, OCT.
cost
before
+
$750,000
Cash in. banks .and- on
corporationstock.
The
(In shares);.
common
The comparative profit and loss statement of the Delaware
com¬
for the ifive years; ended Oct*. 31, 1945, adjusted in respect
of, •
extraordinary expenses of a nature not likely to recur and elimina¬
tion of; interest on borrowed
funds,, shows .sales and adjusted >net*
profit,
V
1945.
produced more vehicles in 1946 than in any 12peacetime period in
the
last
15
years,
James D.
Mooney,
President and Chairman of the
board, reported.
Production
in De¬
cember
topped all previous peacetime monthly records since
1931,
Mr.
Mooney said.
Reviewing year-end production figures, he saht
stock, presently to be
share as
per
Cincinnati,
Willys-Overland Motors,
The
pany
902,432
^
at: lower of
«&
Massachusetts
Upon completion of the merger it is contemplated that other officers!
directors will be
as
follows:
Wesley, Bronson, Vice-President;,
J. Reardon, Treasurer; H. D.
Anderson, Clerk, and M. Jule Stickler,,
director, all of whom now hold similar positions in the old company
.' 674,121
} ASSETS-4
secur.
Putnam
the
preferred
of- no-par
'
v;, V' •After deducting (Federal Income' tax
Sl,200;000 in l945 applicable: thereto.-
'>Marketable
of
;
$23,053,547 $17,352,082
etoeo»qf.*^hvtat«|^
v
of
shares
$16,875,471J
month
.
3,532,788
V>J?eS8 *fc close of year———————L™ $20,233,721
Earnings ?per
^ommon?--shafe^.-i4i.i^.™™U^,, ■ v-.r $4.93
i
sheet
shares
25,000
1945
Production at Peacetime
:•
sales of
91,175
,
27,272
declared™..™.....
or
of
■
$18,952,008
r::-v';r
?!
*,
,
4,137,226
'i
_
For the year- ended Oct; 31,
1946; the' Delaware company had net- $17,889,864 and a net profit of $238,168, exclusive of extra¬
ordinary income credited to earned surplus account; ' Federal taxes
were'$147,850.
■ •
-
-
484,114
141~6J6
declared™™
or
be
ex¬
indicated that they will serve as such officers and directors.
It is contemplated that the board will
subsequently be enlarged.
'
—
'
'■
iv
company on Jan. 13 filed a letter of notification with the SEC
3,000 shares (no par) common stock, stated value
$2.50 a share,
be offered at $25
per share without
underwriting. Proceeds will
used for additional
working capital.
to
balance
various
79,544>
1,464,883
4,8^,750
'5,259,000,
3,480,641
$9,396,867 in 1946. and $9,681,794 in
by U. S. Treasury tax savings notes of
Williamson Heater Co.,
and
as
Total
'i
issue
L,
$6,059,361
years
woodlands'
The
the
„
The
for
be
"
business
?>■* in prior
years........
and
par)™_>.
5,259,000
■="■
2~6~3~675
J,;
24,385
1,464,883
4,865,750
of
reserves
tOffset in
and issue of the shares,
paid out of cash of the
<
^
f
Stickler, , 9,000;
6,750; F.
a
$5,103,607
retained
or
commission
stock.was sold for 20 cents
common
$9,122,495
*
reinvested
-
1941.
an
Alfred A.
46,417,140
3,812,695
3,244,274
borrowing.
temporary
will
loan
.
;™
™™™wi
•After
and have
on
income
Income
Issued,
•;> 345,033
preferred stock acquired for retire.
Provision for est. Fed. income &
exc. prof, taxes
ONet
in
$5,714,328
...
; K Total income
:
Accelerated amortization
applic. to prior
Interest paid
;™™-™™™-™™i_™
more
term
no
Total
from
for
$450,000
a
merger, organization
than $25,000, will be
pro forma - balance
in addition to 12,000
shows
31
the
of
underwriter's
and
OCT.
and
shares,
301,852
.
taxes
contingencies
^
Stickler became President and General Manager of the Delaware/
$8,527,598
594,897
income
—.....
not
at
sale
the
payment
part
borrowing, the
relating to the
concern
.
3,286,002
3,664,496
expenses
in
of
proceeds
company.
•.'>?Mr.
J.
r^Tncome from
the
estimated
all
planned
51.733,833
amortization.™...
administrative
applied
of
•'
'
1946 •
1945:
allowances™ $67,211,929 $59,188 437
t00dSjS0ld:r^______..i™^___™-.___^depreciation, depletion and
Celling,
in
year
than
The
penses
cost of about
a
this
longer
CONSOLIDATED INCOME ACCOUNT FOR
YEARS ENDED
oaies,
share.
purposes,
authorizes
presently
1
,
set
taxes
530,699
181,280
•:
■
>«;»™__™_™„_™™_™^.^Jri^.J:•
Upon completion of the consolidation, 12,000 shares of .$25 par
value, $1.50 participating preferred stock will be offered at $25 a
re-
make
will
construction
budget
its
on
$12,400,000
new
thlftew.facillties
Due
to
operations,
the
1946
$6,600,000.
total of $19,000,000 for
a
work
only
income and excess profits
State taxes™™_™„
(Issued 97,315
Capital surplus
Earned surplus
,
1946 the
i
$750,000
*
$843,931
605,504
1,449,477
;
and
Capital stock
Mr.
$950,000.
The
purchase price will be provided in the first instance by temporary
; borrowing, • After the acqusltion the two companies will be merged.
at par; there remained for; the
If ft, common shares a book value of $54.25 per share.
he end of the
last fiscal year the
company had 1,328 preferred
stockholders, and 2,643 holders of
common stock.
-
for
.
,
:th® Preferred stock
salaries—™™—
deposits for Social Security
purchase of U. S. Savings bonds
and
-
Through- approximately 315 delivery routes the company serves
ovpr 90,000 customers in about 225 cities and towns in Massachusetts
and Rhode Island.
-
.
Federal
'
:
Employees'
,
February, 1946, Mr. Stickier purchased 100% ' of the common
shares of Whiting Milk Co.
(Delaware) for $950,000 and $300,000
principal amount of notes. .The notes have been, paid,
i\',' ' ,
figures
and
wages
for Fed.
Other
h
"■
'
Z
Accounts payable
In
-
ratio of 7.63 to 1.
a
director
a
581
Notes payable
incorporated in Massachusetts on Jan. 10, 1947,.
control of Whiting Milk Co., a Delaware corporation.
incorporators
and
*
LIABILITIES—
-
corporation,
acquired
The
& Paper
of $3-972.810.
rw
Oct., 31, 1945
This
has
Co.—Annual Report—
Luke, Jr.,-President said in part'"";
; •;
a#ssets at..®ct* 3*' 1946, including U, Si Government bonds
iiflhiiiHo'^Pf lo expenditures, were $32,234,986 compared with
cumnt
fnr
for
Whiting Milk Co. (Mass.)—Acquisition—Financing—
letter of notification with the SEC
($50 par) capital stock to be offered
a
*!LmaVmum of 2>000 shares
*
TTHE COMMERCIAL & FINANCIAL CHRONICLE
V.
to
threatening
action
take
racket
to
infringe
test
165, p. 257.
the
the
nobody's
validity of
on
been
own
we
manufacturing hearing aids wfth
design," Mr. McDonald said. 'This
have received since we first begajt
out of
hearing aids. We
patents.
their
We
patents
-f.<M
filed
the
on
bone
are
suit
convinced
to
require
conduction."—
*t
(THE COMMERCIAL & FINANCIAL'
CHRONICLE
the National Banks under the Comptroller's call of Sept. 30, 1946,
of comparison, like details for previous
The. statement of condition of
been issued and is summarized belowv For purposes
calls back to and including Dec. 31, 1945, are included.
has jusf
IN THE UNITED STATES ON DEC, 31, 194$, JUNE 29, 1946 AND SEPT. 30, 1946
CONDITION OP NATIONAL BANKS
'
J
'
V
"
(In thousands of dollars) '
'
\
-r'rV-
i—
_
i.
————ii.—.
i
.
^llMi I I.
V *|.H».
'|T 111,ill I win i in ii f, i., i ii i, n fn mi 11
i »| ,,
Dec.; 31, 1945
.
HIT M ||I,.|||||I. .11. If (nil,! II
I.n,. I „ .1,
,
r ,
■ir.iiiii n i
ASSETS
and
Loans
* (5,018 banks)
.If I I
?v
;
Obligations guaranteed by U. S. Government-—.
±
;lti
I, -ji II ;'n I mni III nil I I I mil,I-;
■
9
-
.
•
2,454,265 -M'"!
1,945,946
143,654 , -
balances
items
including
with other banks,
of collection
process
and
other
other
premises
bank
liability on acceptances outstanding——commissions, rent and other income earned or
collected
Other
———
——.
assets
Total
1,971,204
153,448
10,109
or
46,376
56,899
estate—,i_—w
real'
'2,670,103
-
18,910,443
—
-
-
,
representing
indirectly
assets
and cash
Customers'
Interest,
.
508,404
estate
Investments
balances,
reserve
——
premises owned, furniture and fixtures
owned other than bank premises
Bank
Real
in
15,801,498
45,315,509
65,911,762
frotal loans and
-
.
Cash,
(5,014 banks)
li.il ||,| ■ .11 ill, i'„. ui'i I iii i' il '*
14,498,441
, '
47,465,475 'f )
7,401 ' )
13,948,042
51,459,960
7,746
2,341,725
1,656,865
Corporate stocks, Including stocks of Federal Reserve banks—v 145,313 r
Obligations of States and political subdivisions
Other bonds, notes and debenturesi,
. ... r n
«
$
.
including overdrafts
securities, direct obligations
discounts,
Government
S.
U.
Sept. 30, 1946
June 29. 1946
(5,023 banks)
-V-
■-
accrued but not
148,259
65,559
-
——
■;
-
..
;
:
assets
LIABILITIES
42,560,021
17,173,998
7,696,306
4,006,759
7,816,787
1,240,887
deposits of individuals, partnerships and corporations.
Time deposits of individuals, partnerships and corporations——.
Deposits of U. S. Government and postal savings
Deposits of States and political subdivisions
.
—
Deposits of banks
Other deposits (certified and cashiers' checks, etc.)_:—
Demand
Total
deposit:
";Vv Demand
Time
1——,
deposits
deposits
1
—
———
-
-
rediscounts and other liabilities for borrowed moneyMortgages or other liens on bank premises and other real estate
Acceptances executed by or for account of reporting banks and outstanding
Bills payable,
collected but not earned
unpaid
J
*
Interest, discount, rent and other income
—
Interest, taxes and other expenses accrued and
liabilities———
Other
—
.
81,119,477
liabilities.
Total
CAPITAL ACCOUNTS
Capital stock (sec memoranda below) ——u,..—.
Undivided
profits:
—,
—
account for; preferred stock.
Reserves and retirement
Total
%
capital accounts—
Total liabilities and
capital accounts——
———
MEMORANDA
of capital stock:
Par value
Class
A
preferred stock-
Class
B
preferred stock-.
Common ■ ■- stock
-
Total.
■
,
—
-
-
Retirable value of preferred
Class
I
capital stock
preferred stock
preferred stock—;
A
Class B
—
-
Total
Pledged assets and securities loaned:
U. S. Government obligations, direct and
deposits and other liabilities,
■t
'
guaranteed, pledged to secure
_
.
-
deposits and other liabilities, includ. notes
and bills rediscounted and securities sold under repurchase agreement
Assets pledged to-qualify for exercise of fiduciary or corporate powers
and for purposes other than to secure liabilities—
Other assets pledged to secure
.
Securities loaned
Secured liabilities:
r
4
-
——
———.—-
—
v#
,
Deposits secured by pledged assets pursuant to requirements of law
Borrowings secured by pledged assets, including rediscounts and. repur
chase■ agreements
————
•.
—J—
Other liabilities secured by pledged assets—-..-—-——-———.
;
Total
Demand
deposits:
1
,,
7
,
Deposits of individuals, partnerships
Deposit of U. S. Government:
War loan 'and Series.; E bond
,
Other
accounts
—
,
*
,
,
,
.
,r
r
•
::
^nnntn..
—
—.
.
.
and corporations
;
j
—
——
.Deposits of States: and political subdivisions--—Deposits of banks in the United States (including private banks and
American branches bf foreign banks)——————————
*
Deposits of
banks, in
foreign
countries
.
branches of other American banks, but
(including balances of foreign
excluding amounts due to own
foreign - branches)--——
-i.—_
—
Certified and cashiers' checks (including dividend checks), letters of
t
credit and travelers' checks sold for cash and amounts due to Federal
Reserve banks (transit account)—
—
——
,
•
Total demand deposits———————————————————————————————
Time deposits:
>
-
...
Deposits of individuals, partnerships
*
,
Deposits of U. S. Government———————
Postal savings
deposits
—
Deposits of States and political subdivisions—
Deposits of banks in the United States
(including
American branches of foreign banks)
—,
Deposits
of banks
in foreign
branches of other American
foreign
Total
Ratio of
17,173,998
and corporations:
74,217
:
2,892
342,013
—
private banks and
———
(including balances of foreign
banks, but excluding amounts due to own
countries
branches)
time
deposits—
—
required reserves to net demand plus time
Total, Central Reserve city banks
Total, Reserve city banks
...Total, Country banks—
—
Total, all member National banks
deposits:
18.68 %
16.32%
11.12%
—
.
14.76%
•
•
Monday, January; ^7, 1947
."Volume 165
Number 4563
TH$ CQli^MERCIAIf ^iFIN^NCIAL CHRONICLE
'
L
AgricuHvre Department General Crop Report
j
583
million are indicated to be in the
Civil
Desert Valleys and 2.1 million in
areas.
Last season the crop
other
As of Dec. I
totaled 3.4 million boxes of which
.2 million i were in the Desert
The favorable- conditions
that ha^e marked the whole 1946
crop
Continued dating November. Farm
Valleys and 2.2 million ^ere in
vwork is well advanced iu
fther areas; Grapefruit in "other
-practically, all sections. Harvest of most late
chops; is up to or ahead areas'^
•of
is harvested mostly during
schedule; ^withv losses at va miiiimum." Ample moisture
and mild he summer after
temperatures have favored^
most
other
luxuriant/growth: of fall-sown, crops' and
grapefruit in the country has been
^enabled^farmers to:*earry but their
seeding plans to the full extent,
marketed; California lemons are
giving promise of a good start f or>
•the 19^7 -crop year; %
estimated at 13.9 million boxes
cias for which the first estimate
Jcmcumstances in a few smaU areas of
compared with 14.5 million last
the new season is made in De¬
Jhave not lasted
season.
long.
cember.
Total early and midWet weather in the
first two season 'oranges are
placed at 56.0
weeks of November
worried some million boxes — .20%
more than
•growers -Who -had
not yet com-; last season and
54% more than
pleted potato
digging, sugar-beet average. .: The Valencia
crop; is
lifting or corn picking, but the forecast
By Executive Order, released
at 64.2 million boxes-—
latter half of the
on Dec. 12, President
month was more 20% above
Truman es1945-46 and 53% above
favorable.
A heavy snowfall
ablished the Office of
in' average.
The grapefruit crop is
Temporary
Colorado and Utah covered
Controls and consolidated or abol¬
many now estimated at a record total of
fields of potatoes and
ished other Government
sugar beets,: 67.3 million boxes—6% more than
agencies,
out at the. same
Associated
Press
time- kept the the 1945-46 production
advices
from
and 68%
ground from freezing. As the
Washington stated. The Office of
snow more than, the 1935-44
average.
xnelted,, the: crops were harvested
War Mobilization and Reconver¬
Florida weather during Novem¬
With' much
difficulty and incon- 5 ber was not as favorable as earlier sion was one of those eliminated,
venience but light loss.
Storm in the season. There was too much and-its Director, John R. Steellosses of livestock also
were rela- j rain and sdme
h6t^tveather,' The man, was named Assistant to the
IJiyfl^ light; though many animals! storm early in November caused President to aid in "coordinating
lost weight because
Federal agencies
of the
programs and
diffi-j little apparent damage at the time,
policies." To head the new Office
julties of feedihg during and after but
•aseasoii-
1
*
-
Revamp War Agencies
evidently was the cause of
Storms;., Heavy rains in
early1 heavy dropping later in the, month.
'November over most of the
Of
Temporary Controls the Presi¬
dent
own on
Rights Group
seven
airports.
new
and
improved
>
President Truman has set up a
5-member Civil Rights Commitee, under the Chairmanship of C.
Eventually it is expected that
about 3,000 airports will
be built
or improved
at a Federal cost of
Wilson, President of the Gen¬
eral Electric
Co., which he has
directed to study and
$500,000,000. They will be pri¬
marily for civil aviation, but also
will
constitute a national defense
reservoir, ;:!'"^" 3:1
recommend
new
civil rights
other
parts of
our
legislation and
to
measures
protect
"ail
population*" Decrying
organized
"hatred
and
groups
which
Wholesale Druggists
fan
intolerance,"
the
President's Executive Order de¬
clared that the action of those
who
ake the law into their
own
Name 5 Comm. Heads
hands
C. C. Caruso, President of the
"gravely threatens our form of
National Wholesale Druggists' As¬
government." The Committee is to
sociation,
has
announced
the
; prepare a written
report, a dis¬ appointment of five new
Chair¬
patch from the Associated Press
men to
standing committees of the
in Washington on Dec! 5
stated, Association. Lee H..
Bristol, Bris¬
which will contain recommendatol-Myers Co., New York, heads
ions for legislation and for
more
the Business Program
Committee;
effective procedure for the
pro- Edgar M. McKallor, E. C. McKal-*
ection of civil rights.
lor Drug
Co.,
.
Committee
members,
who
Binghamton, N. Y.,
are
Committee on Credits and Collec¬
without pay, are reported
tions;* Philip • Hofmann,
Ortho
by the Associated Press to be, in
Pharmaceutical Corp., Linden, N.
addition to Mr. Wilson:
J., Manufacturers Committee; Carl
Mrs. Sadie T.
Alexander, Assist¬ F. G. Meyer III, Meyer Brothers
ant City Solicitor of
Philadelphia; Drug Co., St. Louis,
Mo.; Statistical
James B. Carey, Secretary-Treas¬
Research Committee; and Evarts
urer of the
o serve
appointed
Major-General
Congress of Industrial Fox, Fox-Vliet
Drug Co., Puebld,
delayed curing of estimated at 32.0 million boxes— Philip B. Fleming, whose agency Organizations; John S. Dickey
Colo,, Trade Promotion Commit¬
thp high-quality record corn
half a million less than indicated wUl carry. On the remaining func¬ President of Dartmouth College; tee.
crop,
■erh Corn Belt
that
so
much
Early and midseason
west-
was
picked
corn.
are
tions of
with
storage of their
oranges
a month
ago but still a record and
26% above last season. Valencias
use of mechanical
pickers.' are forecast at 29.0 million
boxes,
Put farmers were
taking steps to also a half million boxes less than
limited
insure
safe
Frequent
rains in Central
and
Eastern cotton areas
have delayed
*otton
picking
Limited
losses included flood
'crop
lossekdlsoy-
beans in Illinois and rice
in Texas.
-Delays
occurred
in
harvesting
fiorghums
and
peanuts
in
the
Southwest. But after
mid-Novem¬
indicated
on
the
Office of Price
Morris L. Ernst, New York law¬
Ad¬
As Chairman of the Business
ministration, the OWMR, the Ci
yer and author; Rabbi Roland G
vilian Production
Administration Gittelsohn, of New York, Jewish Program Committee, Mr, Bristol
nigh mmsture^hohtent:Wef
fields
and
will arrange the program for
Jthe
chaplain of the 5th Marine Divi¬
Spring meeting of the Association
at Iwo Jima; Dr. Frank P
to be held at the Palmer
House,
by the President Graham, President of the Univer
Raymond M. Foley, to be sity of North Carolina and former Chicago, April 21-23, as well as
the
Office of Economic Sta¬
bilization.
Also named
:Npv. %' but still7k
record and 19?% above last season.
are placed at 5.2 mil¬
lion boxes
compared with 4.2 mil¬
lion last season. Florida grape?
fruit are estimated at 34.0
million
were
Tangerines
sion
•
boxes ~r a record high and 6.%
above the 1945-46 crop.
Utilization to Dec. 1 amounted
the Reconstruction Finance Cor¬
poration over loans for prefabri¬
million boxes of oranges cated
housing,
the
Associated
5.9 million boxes
ofgrapefruit and Press' pointed out.^
one?haH million boxes of tanger¬
•country, this fall;
Abolished are the Wage Stabili¬
ines
compared with
quantities
;
November temperatures aver¬ utilized-to Dec.
1,1945 of 7.7 mil¬ zation-Board, as of Feb. 24, anc
aged above normal in all
the Economic
Stabilization Boarc
of the lion boxes of
oranges, 4.5 million
•area east of the
100th
Meridian, boxes of grapefruit, and one-half immediately. The Associated Press
also stated:
j: but below normal in the area to million boxes of
tangerines. Can
•the west.
"The
ber^ farm work moved
^aloiig%p*
idly.
A larger than usual
acreage
has been
plowed throughout the
Precipitation was rela¬
tively light in a strip from
Florida
up through the Appalachian
region
to
the eastern Corn
Belt and the
in central North Dakota
Northeast,
and
along the Mexican border, but
the moisture
deficit
to
8.3
this year used 1.9 million
boxes of oranges and 2.7 million
boxes of grapefruit tb Dec. 1 com¬
ners
pared with 2.5 million
oranges and
1.8 million
boxes of
boxes of
grapefruit to Dec. 1, in 1945.
tice; Charles Luckman, of Cam¬ gressional r appropriation ; to
flV"
bridge, Mass., President of Lever nance a Federal census of business
Brothers; Francis P. Matthews, of and manufacturers^ The; last Con¬
Omaha, Neb., former Supreme gress denied funds for this pur¬
Khight of the Knights of Colum? pose requested by the then Sec¬
bus; Vice-President of the Na¬ retary of Commerce Wallace. Mr,
Caruso, pointed out that business
tional War Fund, designated
Papal
men
Chamberlain by Pope Pius
have not received, figures.
XII;
Franklin D. Roosevelt, Jr., New needed for market
planning since
York Lawyer;
1940.
The Right Rev.
Henry Knox Sherrill, of Boston,
Presiding Bishop of the Episcopal
Church; Boris Shishkin, of Alex¬
andria, "Va., economist for the
President's order reestab
lishes the Office of
Governmen,
Reports and transfers to it the
functions of the Government In
formation Service (now in the
Bureau of the Budget). Certain American
:
Congressional Leaders
Federation
of
Labor;
functions of the Wage Stabiliza
Mrs. M. E. Tilley, of
was not seri¬
Atlanta, Sec¬
Growing and harvesting condi¬ tion Board were
ous enough to
hinder most farm¬
transferred to retary of the department of social
President Truman held a 50tions in Texas
during November the Labor Department."
ing operations. Heavy
relations,
Women's
precipita¬ were
Society
of minute conference with the
"Big
very favorable for citrus.
tion in the Pacific
Before
concluding, the Presi Christian Service, Methodist Six" of the 80th Congress, four
Northwest, in Trees and fruit are
both in good den tV Order
late November' was
said:
most bene¬
Church; Charming H. Tobias, of Republicans and two
condition.
Rate of harvest has
Democrats,
ficial although fall
New York, director of the
"All prior Executive
seeding" was slowed down. The
Phelps- on Jan. 16, with a spirit of good
Orders or
grapefruit crop
checked.
The moisture situation
parts thereof in conflict with this Stokes Fund, formerly senior Sec¬ will
is placed at 25.5 million
prevailing, according to a
boxes—
in the Great Plains is almost f
order are amended
deal 1.5 million more than
accordingly retary of the National Council of Washington dispatch from the As¬
for fall-sown
harvested in All other
wheat, and seeded 1945-46.
prior orders, regulations the Young Men's Christian Asso¬ sociated Press, from which
the
Oranges are now esti¬
fields "v are,
furnishing abundant mated at 5.5 million
rulings,: directives, and other ae ciation.
following was also taken:
•
'
boxes
of
pasture;
The President's statement read
tions "relating ; to any function cr
which about 3.4 million are
;
One of the six, Senator VandenNovember conditions were
early agency
also and midseason
transferred by this order in part, according to the same ad¬
varieties and about
favorable for livestock and
berg
or issued
(R.-Mich.)
described
the
by any such agency shal vices:
poul¬ 2.1 million ValenCias. In
try. | Pastures furnished
1945-46, remain in effect
"The protection of our demo¬ meeting a's a harmonious "open
consider¬
except as they
oranges totaled 4.8 million boxes
able: quantities of
are inconsistent
feed throughput —2.9 million
herewith or are cratic institutions and the enjoy¬ forum."
White
House
Pres5
early and midseason
"the month,
hereafter amended or revokec ment by the people of their
except in the Moun¬ and 1.9 million
rights Secretary Charles
Valencias.
tain States when
G.
Ross
under proper authority."
under the
they were cov¬
Constitution require
Louisiana oranges are estimated
said
that
ered with
the
snow. Fall rains
revived
.grass, and mild
temperatures
-mitted
per-;
/more,, late
grazing
than
usual, western
ranges have a fair
•to good
supply Of feed for winter
.grazing. Production of grain and
roughages, is. well
distributed,
though a shortage bf. hay
may de¬
velop in Colorado before spring.
,
-
Movement
cattle to
of
feeder and
feeding
stocker
areas in the
Corn
Belt and elsewhere
has been ex-t
ceptionally heavy this fall.
.
Good
•pastures and the most liberal
feed¬
ing of Concentrates ever
that
at 360,000 boxes
compared with
330,000 boxes iu 1945-46 and
ooo in 1944-45.
Prospects
:&fr
I
for
Arizona citrus
continue favorable,
Navel
and!
miscellaneous oranges are esti¬
mated at 600,000 boxes
compared
with 570,000 boxes last
Penn. Bankers Group
Elects Howard Loeb
Total
U.
S.
for the 1946-47
at
120.2
orange
season.
Trust Co., of Philadelphia was
elected Chairman of
Group I of
the Pennsylvania Bankers Asso¬
Improved Airports
ciation at the annual
meeting in
the Philadelphia National
Bank
vide the
The "Valencia outlook is for
670,000 boxes
compared with 640,000
boxes in 1945-46.
A
million
boxes—a
record
large crop, 20% larger than
pro¬
duced in 1945-46 and 53%
larger
than
19.7
Federal
million
boxes
the 1935-44
average.
estimate includes
California
This
Valen-
compared
The
season.
California Valencia crop for har¬
vest next
spring, summer and fall,
is forecast at 32.4 million
boxes—
more than the 1945-46
crop
but 16% less than the
record
22 %
of
at
crop
1944*457 Grapefruit is forecast
3.5 million boxes of
which
1.4
Advisory
Reserve
nominating
Committee.
Those
elected to the Federal Reserve Re¬
lations Committtee were:
Percy C.
Maderia, Jr., President, Land Title
Bank"& Trust Co^ Glenn K. Mor¬
ris, President,
Germantown
National
&
Harry C. Carr,
National Bank."
Trust
Bank
Co.,
President,
>
,
was
of
and
First
A
tory meeting."
Senator
Vandenberg,
to "what may
program to pro¬
nation with 800 new or
improved airports in the next six
was
launched
Jan.
on
10
by the Civil Aeronautics Admin¬
istration, United Press Washing¬
ton advices
the
total
stated, adding that of
the
now
Pres¬
Government
was
confined
definitely be called
unpartisan issues." Among them
he mentioned the disposal of war
$71,591,865
months
had
"a very satisfac¬
that the discussion
was
underway
during November with' about onethird of'
crop picked! by Dec. 1.
Harvest of Navels
President
stated that it
ident of the Senate, told reporters
CAA Plans New and
with 17.7 million last
production
indicated
inadequate
Howard A. Loeb, Chairman of
the Tradesmen's National Bank
&
at
season is
and
tools to do the job."
wore
Citrus
weak
should be
Confer Wifb President
expanded and
improved. We must provide the
Department of Justice with the
grapefruit! on Dec. 5, according to the Phila¬
reported'
crop pf 4.3 million boxes is in delphia "Evening Bulletin" which
factors :in
maintaining the
prospect, compared with 4.1 mil¬ also stated:' "
highest milk flow per .cow for
any lion last season.
November.
This
resulted in a
:
"Joseph Harrison, Jr., Vicenear-fecord production of milk
California weather during No¬ President of the
Philadelphia Na¬
for the:
vember was
month; despite declining
generally favorable tional Bank, was elected Secre¬
for citrus
.dairy cow numbers. Egg
crops. Expensive rains tary-Treasurer of the
produc¬
group. Ar¬
tion set a new
high mark for No¬ in the citrus areas of Southern chie D. Swift,
President, Central
vember, as a. record rate of lay California were especially benefi¬ Penn
National Bank, and Charles
more than offset a decrease
cial 'in contrast to the two
of 4%
previ¬ H. Chapman, President, Security
In number of hens
from a year ous dry winters, Navel and mis¬ Barik & Trust
Co., were named to
agos
cellaneous oranges are estimated the
.
these
statutes
360,-
:
Housing Administrator, and Frank member of the War Labor Board the annual convention, sceduled
for next Fall at Atlantic
R. Creedon, to be
City, N. J.
Housing Expe¬ The Most Rev. Francis J. Haas
diter; These two
Mr. Caruso stated that the
posts were re¬ Bishop of Grand Rapids, Mich,
Sta-;
cently relinquished by; Wilson W formerly of the President's com¬ tistical Research Committee will
Wyatt, after a controversy with mittee on fair employment
renew: efforts
to obtain 21 Con¬
prac?
will
contribute $33,899,265 under the
Federal Airport Act passed by the
last Congress. The balance will be
put up by State and local govern¬
ments. Not all of the 800
airports
authorized will be completed in
the fiscal year 1947, it was pointed
out.
The United Press added:
surpluses
and
continued
opera?
tidns of the Maritime Commission.
He said that
tie
President's bud?
get had not been discussed.
The other Republicans present,
in
addition
berg,
of
were
to
Senator
Vanden-
Representative Martine
Massachusetts, Speaker of the
House, Senator White of Maine,
GOP leader in the Senate, and
Representative Halleck of Indiana,
majority
leader, in
Democrats
of
the
Senator
were
House,
Barkle^r
"Kentucky: and Representative
The
largest Federal allocation, Rayburn of Texas, minority lead¬
$2,237,831, went to Texas, which ers, respectively, in the Senate
itself will add $2,739,129 for con¬
ajrd House.
:
'
struction and improvement of 58
airports. New York was second,, ; Mr. Rayburn agreed that the
I.
-
.
receiving
$2,139,325
money to use with
in
Federal
session
,
....
,
had
$2,155,075 of its|throughout.
been
».
••
harmonious
/
584
tHE
f)-'-
.s'.v.U
War-Navy Chiefs
Merger
High—II-Month Average Topped Only by 1943 Agree onTruman finally
President
November Volume of Motor
'.Monday,-January 27, 194?
COMMERCIAt^ &^FIMNCIAL CHRQOTtl-l
Freight Continues
staff will provide
direction
gic
forces
for the strate¬
of : the •
of the United
formulate
strategic
military
States, will
plans, .* assign
to
responsibilities
logistic
the
won services and support thereof, in¬
transported by motor truck held at a high
joint approval of the War and tegrate the military requirements
level in November, assuring that 1946 will go down in the records
Navy Department for his plan to and, as directed, advise in the in¬
as the busiest peacetime year in the history of the industry, according
merge the armed forces, with a
tegration of the military budget.
to the American Trucking Associations, Inc.
compromise unification proposal
J "E. There shall be a full-time
>;
W, A. Bresnahan, ATA's Director of Research, said returns for
under which the Navy would re¬ joint staff to consist initially of
the -first 11 months had made it "a virtual certainty that the level
tain certain functions which it did not over 100 officers to be pro¬
attained in 194-j will exceed that^
in
approximately equal
hot wish to surrender and "the Air vided
•of any year of record with the ber but increased 18.4% over No¬
Forces
would receive co-equal numbers by the * three services.
exception of the war-year 1943" vember, 1945.
status as: a definite branch of the The joint staff, operating under
ATA's truckloading index fig¬
Transportation of petroleum armed forces, all to be under a a director thereof, shall carry out
ure, computed on the basis of the products, accounting for about 7%
Secretary ^ of National Defense. policies
and directives of the
1938-1940
average
as
equalling of the total tonnage reported, Although the President has won
joint chiefs of staff.
100, stood at 193 in November. Mr. showed an increase of 1.2 % ovOr Army-Navy agreement to his uni¬
"F. The Secretary of National
Bresnahan said this was the high¬ October and 29.8 % over Novem¬
fication proposal; which has been Defense shall head the armed
est November index of record, and ber, 1945.
the subject of
controversy be-1 forces establishment,
shall be
added:
Carriers of iron and steel hauled tween the two Departments since j vested with authority under, the
"The average index for the first about 2% of the total tonnage.
1945, the merger issue still must { President to. establish common
11. months of 1946 was 184,; ex* Their traffic volume was 4,9% be¬ be decided by Congress.
policies arid common programs
ceeded only by the 187 established low Octcober but 45% oyer No¬
Some members yrere reported,< for the integrated operations of
in the first 11 months of 1943, the vember, 1945.
to have given the plan quick ajp-j the three departments and shall
industry's peak year. - There is
exercise control over and direct
About 4% of the total tonnage proval, Associated Press Washing¬
ton reports of Jan. 16 stated, but
their common efforts to discharge
very little chance, however, that
reported consisted of miscellane¬
returns for the full year will push ous
others declared that they wanted their responsibility for national
commodities* including to¬
The volume of freight
.
,
and other aids and sug*
gestions for improving bank op*
erations. In response to a request
from many bankers, the Commis¬
sion will consider such items as:
extension of banking services irit
the
community;
bank
servicer
wrappers,
1946
volume
level
the
to
bacco,
textile products, vehicles,
parts, groceries, chemicals,
to "see the details."
;
security."
;
management training;
annual meetings
charges;
dates for holding
stockholders; the proper
accounting technique for handling
reserves; banks; as fiscal agents
of states; and the preparation of
several management manuals and
of bank
booklets.
Cotton
Crop Report
November 1
As of
;
the
includingthe; checlc
program,; ;
routing syriibol, transit" Instruc¬
tions* check standardization and
simplification; bank money orders,
uniform currency straps and coin
A United States cotton crop
of
8,482*000 bales is estimated this
year by the Crop Reporting Board
of the
Bureau
of Agricultural
Economics based upon informal
tion
reported by ginners and
of the
farmers as of Dec. 1. The indicated
dex
Senate Armed Services Commit¬
wood, packing house products,
1946 crop is only 5,000 bales less
be about 220, whereas the highest
rubber goods and soap products. tee said that he believed Congress I
than the Nov.
1 forecast, and
December
index
ever
recorded
could now adopt any bills heeded;
Tonnage in this class decreased
5.9% less than last year's small
was the 185 established in Decem¬
15,2% below October but increased to put the plan fully into effect!
crop
of 9,015,000 bales. It, is
"without controversy," then added:!
ber, 1942.
14.8% over November, 1945.
The following are the six "key" about one-third smaller than the
"This plan represents a compro?
"It might have been a different
Every region showed a decrease
10-year average, and only 537,~
story had the industry not been in loadings below October except mise in viewpoints by the Army figures in v the newly. convened 000 bales more than the 1921 crop
80th Congress, according to Asso¬
hampered by serious strikes in the the mid-Atlantic region, where and Navy. It takes a load off Con-!
which was the smallest since 1895.
ciated Press advices from Wash¬
eastern part of the country during
November
volume
was
29.1% gress, and there ought to be no;
The lint yield per acre, computed
controversy over putting it into, ington Jan. 3, appearing in the
the: last half of 1946."
above the previous month, but this
at 230.7 pounds, is lower than any
New York "Times":
effect." >
According to the ATA survey, was due to the region's low vol¬
In the Senate: President pro- year since 1936, and compares
Senator Guriiey said that he ex-j
the volume of freight transported ume in October when strikes cur¬
with 253.6 pounds harvested last
pected the War and Navy Depart¬ tempore—Arthur H. Vandenberg,
by motor carriers in November tailed a maj or portion of motor
ments soon to submit, drafts of a 62, of Grand Rapids, Mich, a for¬ year and the 10-year average pf
decreased
2.8%
below
October, truck
mo vem ent
of freight
243.8 pounds.
bill, since considerable work had mer newspaper publisher who
but increased 19.5% over Novem¬ throughout most of the region.
The acreage of cotton in culti¬
A
been done toward whipping a: came to the Senate in 1928,
ber, 1945.
The November tonnage of car¬ measure into shape.
delegate to the United Nations or¬ vation on July 1, 1946 is now es4 Comparable reports received by riers reporting from the Eastern
Chairman Clare E. Hoffman of ganizational meeting in San Fran¬ timated at 18,179,000 acres. This
ATA
from
197
carriers
in
40 District represented a decrease of
the House Expenditures Commit¬ cisco in 1945, to U: N.'s first Gen¬ is 617,000 acres or 3.5% above the
•States showed these carriers trans¬ 0,1 % below October but an in¬
tee, which will handle any unifi¬ eral Assembly in London in 1946 1945 planted acreage but nearly
ported an aggregate of 1,'978,450 crease of 20.7% over November, cation measures,
said that he. and to the meetings of the Council 7& million acres below the 10tons in November, as against 2,- 1945.
Carriers in the Southern would do
everything he could to' of Foreign Ministers in Paris and year average. Unfavorable weath¬
035,420 tons in October and 1,655,- Region reported a decrease of
give a merger bill an early hear¬ New York in 1946, he is a holder er and severe weevil damage
164 tons in November, 1945.
2.6% below October but an in¬
heavy
abandonment of
of the Collier Award for Distin¬ caused
ing."
crease of 19,6% • over November,
Approximately 87% of all tonacreage in Mississippi and Louisi¬
In their joint letter to the Presi¬ guished Congressional Service.
1945; Tonnage reported from the
Majority Leader—Wallace Hum¬ ana, and above^average abandon*
dent reporting final agreement on
page transported in the month was
Western District revealed a de¬
ment in Texas, Oklahoma, ArkanV
liauled by the carriers of general crease of 8% below October, but a- plan * of ; merger^ Secretary of phrey White, Jr., 69, of Maine.
He came to Congress first as a sas and Alabama. The acreage re*
War Patterson and Secretary of
freight. The volume in this cate¬ increased 17.2% over November,
member of the House in 1917 and maining for harvest; is now esti*
the Navy Forrestal stated, accord¬
1945.
moved over to the Senate 13 years mated at 17,639,000 acres com¬
gory, decreased 2.6% below Octo¬
ing to a special dispatch to the
later. Two years ago he became pared with
17,059,000 acres for
New York "Times":
Seriate Republican floor leader.
1945.
•
"
•'• v
ment of the Bank of the Manhat¬
%;:r:
"We agree to support legislation
Minority Leader — Alben W.
tan Co. When his son, John Stew¬ in which the
During July excessive rainfall
following points are
Barkley, 69, of Kentucky. Demo¬ in
art Baker,, reached his 34th birth¬
Louisiana, and; the States east
incorporated:
Stephen Baker, Honorary Chair¬
cratic leader of the Senate since of the Mi^hsippi River was very
day in 1927, Mr. Baker turned the
"A. There shall be. a council Of
man of the Bank of the Manhattan
1937, ke started his Congressional
presidency of the bank and a con¬
favorable for boll ^q^l in^es^
Company of New .York, died In siderable stock ownership over to national! defense,, a national se- career as a meiriber of the House
New Yprk City at, St^ Luke's. Hos¬
cqrity 'resources board and !. a in. 1913. He is remembered for tipn.With cooii weatherand ample
him.
"r w
* mt: u
cbntml intelligOhce Ugerioy(which hisr
pital or! Dec. ,31A He was 87 years
split with the late President rainfall during the remainder of
Stephen Baker continued active
already exists) as agreed by the Roosevelt over a tax bill veto.
©f age. A former President of the
in the policies of the Bank of the
the fruiting period, weevil dam¬
Secretary of War and the Secre¬
Bank of the Manhattan Company
In the Houset Speaker^Joseph
Manhattan Co. as Chairman of the
and a, former Chairman
tary of the Navy in their letter W. Martin, Jr., 62, of Massachu¬ age developed rapidly. Plant
of its board until
1932, when he became
to the President of May 31, 1946.
board of directors, Mr. Baker was
setts, who came to Congress in growth was abundant and the full
Honorary Chairman, continuing as
credited to a great degree with
"B. The armed forces shall be 1922 and has been
Republican extent of the weevil damage was
a director.
He was succeeded as
the growth of the bank to its
Chairman of the board by his son, reorganized under a secretary of floor leader since 1939. An out¬ not known until picking was well
present size and influence, said John Stewart Baker.
national defense so as to place spoken foe of the New Deal, Mr.
underway. In Texas, Oklahoma
the New York "Times" of Jan. 1,
During Mr. Baker's administra¬ the Army, the Navy (to include Martin once headed the Repub¬
and Arkansas severe drought fol¬
which noted that despite his age
Marine
Corps and Naval lican National Committee.
tion as President, the Bank of the the
lie-remained active until the clos¬
Manhattan
Company
had
ex¬ Aviation) ; and the Air Force, each
Majority Leader — Charles A. lowing a prolonged wet season
To do so, the in¬
for December would have to
reached in 1943.
vehicle
Chairman Chan Churney
"Key" Figures in
New Congress
„
.
.
,
•
,
,
-
,
•
Stephen Baker Dies
-
,
'
ing weeks of his life. According
to
the
"Times,"
Mr.
Baker's
grandfather
was one
inal stockholders
of
Jhe Manhattan Co.
military chief, under the
single original
Halleck, 46, of Indiana, in Con¬ caused considerable damage.
office at 40 Wall Street, opened in departments of the Army, the gress only 12 years. He was Chair¬
Through October weather was
of the orig¬
September, 1799, to a chain of 48 Navy, and the Air Force respec¬ man ofthe Republican Congres-r
the Bank of
generally favorable for harvestoffices in as many different sec¬ tively.
sional Committee last year when
Stating that tions of New York. Its resources
"Each shall be under a secretary the GOP won control of I Congress. ing the crop
except in Texas
when he was 16 years of age, Mr.
.
panded from
had reached
Baker's first job was as a handy
for
boy
house
drygoods
the
months
three
wage was
$2
a
that
and
his first
week, the "Times"
further said in part:
When he was 22 he sought a job
.with
the American
Exchange
,
Bank.Told that • his application
;
insisted
that he wanted to start right away,1
-tio matter what kind of a job ;br
Would be kept on file, he
.What salary. He was put to work
at $5 a week.
Three years later he. was head
bank's collection desk and
of the
bad attracted the
attention of John
outstanding
banker of the period. In 1885 Mr.
Stewart Kennedy,
an
made him his private
and soon put him in
•charge of all his interests.
{Kennedy
secretary
•
-
of
In
1891
the
the
Bank
board
of
the
of directors
Manhattan
with
a
and, under the
of the
Favors Trading Pacts
Minority Leader—Sam Rayburn, where wet fields caused consid¬
ranch owner who erable delay and some loss. Most
over-all direction
secretary of national de¬
fense, shall be administered as an
individual unit.
The secretary of
special committee for trade any of the three departments
reciprocity information, which be¬ may, at any time, present to, the
gan hearings on Jan,13, was told President, "after firSt informing
dySenator Alben • W. Barkley the secretary of national defense,
(D.-Ky.)
that reciprocal
trade any report or recommendation re
agreements were the only satis¬ lating to his department which he
factory way for nations to do bus¬ may deem necessary or desirable.;
iness*;; Stating. that he; has never
C. A war council shall be creat¬
liked the old-fashioned tariff sys¬ ed
consisting Of the secretary of
tem, Mr.; Barkley, according to national defense as chairman and
Associated
Press. advices ? from with
power. of decision, the Secre-i
Washington on Jan. ' 13, told the tary of the Army, the Secretary of
committee that he was strongly the
Navy* and the Secretary of the
in favor of reciprocal trade trea¬ Air
Force, and the military heads
ties, the system by which nations of the three services.
The war
work out their tariffs after mak¬ council will concern itself with
ing concessions to one' anothert-i matters of broad policy relating
Quoting for emphasis from parts to the armed, forces,
/
of., Senator
Vandenberg's recent
"D; There shall be a joint chiefs
Cleveland speech, the Kentucky
of staff consisting of the military
Senator said that he believed Re¬
A
65, of Texas. A
came
to Congress as a
Representa¬
of the damage was
he has been Speaker
ever, by Nov.
since 1940, and now relinquishes
Eastern States,
that post to -Mr. Martin.
tive in 1913,
ABA Bank
Management
Commission to Meet
Important problems faced by
operating officers will be
annual executive
apparent, how¬
1. In Central and
frequpnt rains in
eafiy November held up picking*
The percent ginned to Dec. 1 is
estimated at 88.5% compared with
83.8% to this date a year ago,
and
of 92.1%.
of Census reports;
the 10-year average
The
Bureau
bank
7*365,914 -bales of cotton ginned
meeting of the Bank Management from the crop of 1946, prior to
Commission
of
the
American Dec. 1,; compared with 7,382,667
discussed at the
which will bales for 1945 and 10,272,672: bales
Roosevelt Hotel iri
for 1944.
;
:
; :
New Orleans, Lai, on February f
Cottonseed production from the
and 7, according to E. V. Krick;
Chairman of the Commission, who 1946 crop, placed at 3,452,000 tons,
is also Senior Vice; President anc
is 6% below that produced in 1945
Cashier of the American Trust
and 34% belovv the^ 10-year riverheads of the three-services, • and. Company * of San Francisco, Cal
publicans think as he does in the
{closec 'a^e.' iRep6l:ts, frorri cofton
also the Chief .of; Staff to the
matter. ,of trade agreements:,; ^ :
executive - sessions, the Commis¬ indicWtO 62.9 pounds of cottoriseec!
President if that office exists.
The
committee
is >
elected him Vicegathering
President; and in ,1893, when he
''Subject to the authority and
data for President Truman to use
was 34, made him President.
;
direction of the Secretary of Na
guide in; drawing • !up tra^e
For
34 - years
thereafter ~ Mr. 3$;
tional Defense, tke joint chiefs of
Baker presided over the develop¬ a]^Cemehy;with ;18< countries^#!
Trust Company
♦
$300,000,000.
of
Spaulding; Hunt & Co., where he
worked for nothing for the first
-
its
Bankers
Association,
be held at the
ginrier.
consider an agenda 01:
items.v Ten -of - these items, are
sion
25
u
will
already' a part pf
.
the' Commissiori's
^pdUGed{this{year for: each^^ ;374
pounds of lint.:
jVolume 165
Number 4563
■
,
THE COMMERCIAL & FINANCIAL
CHRONICLE
,
585
State and
City Department
■M
BOND PROPOSALS AND
NEGOTIATIONS
ARKANSAS
Fort
bonds.
Due $1,000 in 1948 to
1956, and $2,000 in 1957.
Smith, Ark.
Dated Jan. 6, 1947. Denomina¬
tion $1,000. Principal and inter¬
est payable at the
County Treas¬
Bondfc Sale—The $750,000 i%%
municipal airport
improvement
bonds offered for sale
Jan. 21
on
bonds
above
95.66, a basis of about 2.05%.
Bated Nov. 1, in 1949 to 1977. In¬
terest payable M-N.
The next
highest bidder was City National
Bank,- Fort Smith, at
a
95.62.
Syndicate
above-mentioned
member of the
by
the
Bank
which
Los Angeles
(P. O, Los
The
was
were
a
syndicate headed
Mercantile,,-Commerce
County) Sch^Dists.
Ahgelei), Calif'#
awarded to
a
on
Jan. 21,
syndicate
com¬
Bank, of Los Angeles; California.
of St. Louis,
Bank, William R. Staats Co., all of
Los Angeles, and Redfield &
Co.-,
of
Pasadena, as 2s, at a price of
100.57, a basis of about 1.925%.
T. J. Raney & Sons, of Lit¬
were
the
posed of Blyth & Co., R. H. Moulton & Co., Security First
National
was
awarded the
issue.
members of the account
Other
for, payable to
Clerk, is required,,
bonds offered for sale
—
'firm
& Trust Co.,
bid
Bond Sales—The $1,133,000 Reprice of dondo Union
High School District
M embers
v
tle
Rock, Union Planters National
Bank & Trust Co., of Memphis,
Merchants National Bank/ First
National Bank, both of Fort Smith,
sand Walton, Sullivan &
Co., of
Little Rock.
Legality of bonds
approved by Rose, Loughborough,
Bobyns & House, of Little Rock.
Dated March 1,
1947. Denomina¬
tion $1,000; These bonds are due
March 1, as follows:.
$53,000 in
1949 and $90,000 in 1950 to
1961.
Interest payable M-S.
An issue of $145,000 Lancaster
School District bonds also" of¬
fered for sale on Jan.
21,
was
awarded to Weeden &
Co., of Sah
Francisco, and Walter, Woody &
CALIFORNIA
f JFresno County, Westside Sch. Dist.
Heimerdinger, pf Cincinnati, joint¬
(P. O. Fresno), Calif.
ly, as 2y4s, at a price of 100.111, a
pond Offering—E. Dusenberry, basis of about 2.237%.
Dated
County Clerk, will receive sealed March 1,1947. Denomination
$1,bids until 10:30 p.m. on Feb. 4, 000. These bonds
are due March
for the purchase of
$100,000 school 1, as follows: $5,000 in 1949, and
bonds, not exceeding 5% interest. $10,000 in 1950 to 1963. Interest
Bated Feb. 1, 1947.
Denom. $1,- payable M-S.
The next highest
000. These bonds are due $10,000 bidder was the.
Bank of Amer¬
,
.
.
In 1948 to 1957/ A certified check
for
of
ica National Trust & Savings As¬
sociation, at a price of 100.30.
$1,000, payable to the Board
Supervisors, is required.
...
Humboldt
County Sch. Dists*
(P, O. Eureka); Calif.
Bond Sale—The $450,000 Eureka
*
awarded to
a
Jan. 22,
on
Marin County School Districts
(P. O. San Rafael), Calif.
Bond Offering—The Clerk
the Board of Supervisors will
Union High School District bonds
offered for sale
ceive sealed bids unil Jan. 27, for
the purchase of the foUowing
bonds totaling $360,000:
were
syndicate composed
bonds.
fornia National Bank,
all of San
price of 100.122, a
net interest cost of 1.8268%, as fol¬
lows: for $165,000 maturing Dec.
15, $10,000 in 1948 to 1951, $24,000
in, 1952 and 1953, $25,000 in 1954,
$26,000 in 1955 and 1956, as l^s,
$109,000 maturing DeC. 15, $27,000
in 1957 to 1959, $28,000 in 1960, as
■l%s, and $176,000 maturing Dec.
15, $28,000 in 1961, $29,000 in 1962
and 1963, and $30,000 in 1964 to
1966, as 2s. Interest payable J-D.
An issue of $40,000 South Fork
Union High School District bonds
<
offered for sale on Jan. 22, was
awarded to the Bank of America
National Trust & Savings Associa¬
tion, of San Francisco, at a price
100.102, for $16,000 as 2s, and
$24,000 as 2y2s.
The $10,000 Alton School Dis¬
of
trict
bonds also offered for sale
Jan. 22, were awarded to the
Bank of Loleta, at a price of
on
100.10,
for $3,000
2s.
$7,000
l3/4s,
as
and
as
Humboldt County School Districts
v
,
(P.t O. Eureka), Calif,
Bonds
Offered—Ther Cleric of
the Board of Supervisors received
ialed bids until Jan. 22, for
urchase
of
|he
the
following bonds
$500,000: $10,000
ton
School
District; $450,000
ureka Union High School Disrict,
and
$40,000
South Fork
'nion High School District bonds.
mounting \to
Kern County Sch* Dists,
Bakers field),
Bond
Offering
—
(P* O.
Calif. ■'/
R.
J.
Veon,
ounty Clerk/ will receive sealed
Ids until
11
Monterey County, Carmel Unified
; Sch* Dist(P. O.
Salinas), Calif
a
a.m.
on
Feb. 3,
he
for
following
purchase of the
emi-annual bonds amounting
151,000, not exceeding
to
5 %• inter-
st:/;//.
•
and the American
National Bank
First
& Trust Co., all of
Chicago,- as
Ripley & follows:
$5,500,000 at 1%%, $5,Co., Inc., Srqith, Barney & Co.,
500,000
at
1%%, $5,500,000 at
Estabrook & Co., both of New
13/4%, and $22,500,000 at 1%%.
York, Putnam & Co., of Hartford,
An issue of the
$6,750,000 Board
R. L. Day &
Co., of Boston, and of
Education
tax
anticipation
the Lee Higginson
Corp., of New warrants was
purchased at the
York, at a price of par, a net in¬
same
time by Hickey &
terest cost of 1.2373%, as follows:
Co., of
Chicago, as follows: $4,500,000, fof
For
$925,000 maturing June 1,
the
Building Fund,
as
1%%,
$125,000 in 1950 to 1954, $150,000
$1,300,000 for the Building Fund,
in i955 and 1956, as
Is, and $5,- at 1
%'%, $600,000 for: <the - Free
075,000 maturing June 1, $150,000
Text Book Fund, as
1% %, and
in 1957, $175,000 in 1958
to 1962,
$350,000 for the; School. Play¬
$200,000 in 1963 to 1966, $225,000
ground Fund, at 1 %%.
in 1967 and 1968,
$250,000 in 1969
to 1978, and
$300,000.. in 1979 as
Lansing, III.
1 y4s. Interest
payable J-D. Dated
Bond Sale—The*
$78,500 water
Dec. 1,1946. Denomination
$1,000. revenue bonds offered for sale on
The next highest bidder was a
Jan. 21
v.
165, p. 385 — were
syndicate headed by the First Na¬ awarded
to the White-Phillips
.Co.,
tional Bank, New
York, at a price and Barcus, Kindred & Co., both
of 100.0919.
of
Chicago, jointly. The next high¬
est bidder was Scott &
New, London, Conn.
Wyandt,
Inc.
Note Sate Details—The.
$400,000
tax anticipation notes awarded on
Pekin Community High Sch. Dist.
Jan.
—
10, at a rate of 0.74%—v.
165, p. 385—were awarded to the
First
National Bank of Boston.
These notes are due May
20,1947.
The only other bidder
was. Lin¬
coln R. Young & Co., at a rate of
0.765%.
•
-
Illinois
Bond Offering—Paul H.
Massey,
Chairman of ./the Finance Com¬
mitted,
will
receive
sealed
City, jointly, at
a price of 100.002,
net\interest cost of 1.17%:
a
$377,000. /electric
as iy4s, and $226,203 matur¬
ing $37,700 March l,1952 to
1957, as l^s. Interest payable
/
M-S.
7 p.m.: on Jan.
27, for the
purchase of
the
following 2%
bonds totaling $540,000:
$235,000 school bonds. Due Aug.
;
15, as follows: $11,000 in 1950,
Pinellas County (P. O.
and $14,000 in 1951 to 1966.
Clearwater)
Florida
70,000 school bonds. Due $5,000
Certificate Offering —Ray E.
form Aug. 15, 1953, to 1966.
Green; Clerk of the Board of 235,000 school bonds. Bue Aug.
County Commissioners, will re¬
15, as follows: $14,000 in 1953,
ceive sealed bids; until 3
and $17,000 in 1954 to
p.m. on
1966.
Feb. 11, for the purchase of
$200,Dated March 15, 1947* Interest
000 M % water * revenue certifi¬
payable F-A.
cates. Bated Feb» »1»»1947* These
Peoria Sch. Dist. No,
bonds are due Oct.
ISO, llh
1, as follows:
$13,000 in 1963 and 1964, $14,000 ; Bond Election—An issue of $2,in 1965, $6,000 in
1968, $17,000 in 500,000 construction bonds will be
1972 and
1973, $18,000 in 1974, submitted to the voters at the
$19,000 in 1975, $27,000 in 1976, election to be held on Feb. 11.
and $28,000 in 1977 and
1978, The Tazewell
County Community High
County will furnish the. approving
School District No.
41,000 sewage disposal and
Peoria), lll.
\
£cBqn44iSold^An
r
con¬
struction
able M-S.
»
,
—
Dated March 1, 1947.
Legality
approved by Stinson, Mag, Thorason;,.McEvers & Fizzell, of Kan-"
sas
City,
.
-
•
t
LOUISIANA
Concordia Parish Cons. Sch,
Dist.
No. L (P. O.
Vidalia), La.
Bond Offering—J.' S.
Burris,
Secretary of
District, will
9
a.m.
the
Parish
receive
on
School
sealed bids
Feb.
approving
opinion of B. A. Campbell, of New
Orleans, and Caldwell, Marshall,
Trimble &
Mitchell, of New York
City, will be furnished to the suc¬
cessful bidder without cost to
him*
A certified check for
$8,500, pay¬
able to the District, is
required.' "
Lake
f
Bond
$104,000
will
;
Arthur, La.
Election
gas
An
—>
utility
issne
bt
revenue bonds
be submitted to the voters
at the /election to
be held on
Feb. 25.
t
St. Tammany
Parish, Parish Wida
Sch, Dist. No. 12 CP' O.
Covington)
Louisiana
Bond Sale^-The
$500,000 build¬
ing bonds offered for sale on Jan.
3; ^/hre awarded to a
.Syndicate
composed of jSTusloch,:
issue of $473,000 building bonds was purchased
Baudeah/&
inj New Yolk City, oiy pr -v before on Jan. 14, by the Harris Trust
& Smith, of''New '
Riverside County, ihdio Sch. Dist* March 15.4 "A certified, check for
Orleans,, Barrow,
$4,000 payable to the Board of Savings Bank: of Chicago, as 2^4 s. Leary* & Co., of Shreveport, Hi(P. O. Riverside), Calif.
Interest payable J-J, Dated Jan.
1, beriiia National Bank, of New
County Commissioners, must ac¬
Bond Offering—G. A.
Pequeg1947. These bonds are due Jan.
1, Orleans, Citizens Bank, of Coving-?
company the bid.
nat, County Clerk, will receive
as follows: $5,000 in
1949, $15,000 ton, Lamar & Kingston, and Weil
Walton County (P. O. Defuniak
in 1950 and 1951, $20,000 in 1952 &
sealed bids until 10 a.m. on Feb.
Co., both of New Orleans; at a
3,
to 1954, $25,000 in 1955 to
Springs), Fla.
for the purchase of
1958, price of 100.02, a net interest cost
$60,000 school
Bond Election — An Issue Of $30,000 in 1959 to
1965, $33,000 of 2.425%, as follows: for $40,000
bonds, to bear not exceeding 5 % $150,000 hospital bonds
will be in
1966,
and
$35,000
in 1967. maturing $20,000 Feb. 15, 1948 and
interest. Dated March 1, 1947. submitted to the voters at the Legality approved by Chapman & 1949, as 13/4
s,
$64,000 maturing
election to be held on Feb. 18.
Cutler,-of Chicago.
Feb. 15, $20,000 in
Denom. $1,000. These bonds are
1950, $22,000
in 1951 and 1952, as
due March 1, as follows:
2s, $336,000
ILLINOIS
INDIANA
$3,000 in
maturing Feb. 15, $23,000 in 1953
1949 to 1956, and
$4,000 in 1957 to
Alton School District, III.
and 1954, $24,000 in
Pine Township School
1955; $25,000
Township
1965. Principal and interest
in 1956 to 1960, $27,000 in 1961
Bond Election Planned—An is¬
(M-S)
(P. O. R. R. No. 2, Michigan
and 1962, $28,000 in
payable at the County Treasurer's sue of school bonds amounting to
City), Ind.
1963, $29,000
$1,000,000 will be submitted to the
office. A certified check for
Bond Sale—The $101,000 build¬ in 1964, $30,000 in 1965, as 2y2s,
5%
and $60,000 maturing
voters at an election to be held
$30,000 Feb.
of the amount of bonds
ing bonds offered for sale on Jan.
bid for, in the
near future.
21—v., 165, p. 259-t^wer^ ; awarded 15, 1966 and 1967, as 2 y4s. Interest
payable to the Chairman of the
payable F-A* Dated Feb. 15,1947.
to Fox, Reusch & Co., of
Brown County (P. O; Mount
Cincinf
Board of Supervisors, is
required.
nati, at a price of 100.09, as l%s, a Principal and interest payable in
Sterling), III.
basis of about 1.238%., Dated Jan. New York. Legality approved by
Bonds Sold — Luther;
COLORADO
B., Yale,
Chapman & Cutler, of Chicago. ,w
Dehorn. $1,000.
These
County Clerk, has announced that 1, 1947.
Denver (City and
County}, Colo. the $100,000 road bonds authorized bonds are due July 1,1948 to Jan.
MASSACHUSETTS
1, 1962. The next highest bidder
\ Bond Call—The Manager of .Re¬ at the election held on Nov.
^
,
26, was
venue calls for
Raffensperger, Hughes & Co.,
Beverly, Mass.
payment on Jan. 1946, were sold in December as
for 1^4s, at a price of 100.012.
Note Offering—John C.
31, the following bonds:
2%s and 2%s.
Lbvett,
election to be held
orv.Jan. 28.
:
certificates. They will be delivered
■
,
Series of 1941,
refunding improve¬
ment
bonds, Nos. 1776/1825.
Burlington
sewer
Capitol Hill Sanitary
District
bonds,
Nos.
Caseyville School District No. 102,
Illinois
/Bonds Purchased
.
-
I
,
An issue of
semi-annual school
—
$50,000 2^4%
IOWA
Crawford County, Boyer River
Drain Dist/ (P. O. Denison), Iowa
; Bonds
Offered—R. W. Barber,
was purchased
recently by
County Treasurer, received sealed
Municipal Bond Corp., of Chi¬
bids until 2 p.m. on Jan. 24, for
No. 3 bond, No. .18.
cago. Dated Oct. 1, 1946.
Legality the purchase of
$206,000 drainage
approved by Charles. & TrauerPart "A," Sub. District
No. 1, East
bonds. These bonds are due on
nicht, of St. Louis.
Side Sanitary Sewer
Jan. 1, in 1948 to 1957.
District
At the election held on
No.*3 bonds, Nos. 16/17.
Sept. 14,
1946, an issue of $67,000 bonds was
KANSAS
East Side Special
Sanitary Sewer favorably, voted, for the like
pur¬
District No. 2
bonds, Nos.l/18, pose.
tola, Kan. ' '
87/91.
East Side
bonds
Sanitary Sewer District
the
v
City Treasurer, will receive sealed
bids until 11
a.m. on Jan. 29, for
purchase of $300,000 .temporary loan notes, at a discount;
Dated
Jan.
30,
1947.
Denoms.
the
$25,000 and $10,000.
are
These notes
due Nov. 25, 1947.
Payable at
the First National Bank of Boston
and will be delivered
on or
about
•
Jan. 30, 1947, at said bank in Bos¬
ton.
The notes will be authenti¬
cated
as
-
;
District158bonds,;Nos...62/63.,
•
:
Chicago;lit
Bond Sale—The
.
Sold
—
.
An
,
W
t
issue
to genuineness and valid-
following bonds ity by the Firsf National
amounting to $504,000 and offered
sale receritlv/ were awarded
$39,000,000 tax education anticipa- to
Harriman. Rinley & Co.. Inc.,
tion warrants was'-purchased- >on
•.bbA"
,
Warrants
Bank pf
.
of for
;
bonds.
For $16,400
,maturing $4,100 Sept.; 1, 1948
to 1951, as l3/^s ,and
$24,600
maturing $4,100 Sept. 1, 1952
to 1957, as lyss. Interest
pay¬
,
309 (P. O.
-
86,000 water plant bonds.
For
$34,000 maturing $8,600 Sept.
1, 1948 to 1951, as iy4s, and
$51,600 maturing $8,600 Sept.
1, 1952 to 1957, as lyss. Inter¬
est payable M-S.
11, for the
purchase of $425,000 school
bonds
to bear not
exceeding 4% interest.
Dated
March
1,
1947.
Denom/.
$1,000. These bonds are due March
1,: 1949 to 1967. The
until
East
plant
power
bonds. For $150,800
maturing
$37,700 March 1, 1948 to 1951,
.
until
bids
FLORIDA
Bond
Election—An issue of
$500,000 construction bonds will opinion of Chapman & Cutler, of
be submitted to the voters at
Chicago; as (to the legaUtytpf. the
the
140,000
Arvin
School
District Street Improvent District No.
157
bonds/;Due $14,000 in 1948 to
f bonds, Nos. 65/66.
;
1957.
v
/
/ - Street Improvement District
No.
11,000
Lebec
School
.
syndicate composed of the
Boston Corp., Harriman
>
of
re¬
$180,000
af the Bank of America National
San Rafael Union
High School
Trust
&
Savings
Association, District, and $180,000 San Rafael
Blyth & Co., and the Anglo-Cali¬ School District
Francisco, at
Old
tional Bank, Northern
Trust Co^,
Lyme-Old Saybrook bridge bonds
Harris Trust &
Savings Bank,
offered for sale on Jan. 23—v,
office.
A certified check
City National Bank & Trust Co.,
10% of the amount of the 165, p. 259—were awarded to a
for
price of
a
Jan. 15, by ,a syndicate
composed
of the Continental
Illinois Nation¬
al Bank & Trust
Co., First Na¬
urer's
y. 165, p. 259—were awarded to
the W. R. Stephens Investment
Co., of Little Rock, at
CONNECTICUT
Connecticut (State of)
Bond Sale—The $6,000,000
Boston,
under
advice
of
Ropes,
Gray, Best/Coolidge i & Rugg; of
Boston,:* /
"
■■
THE
586
,
City to Build Numerous Homes
for Veterans—Taking full advant¬
of recent emergency housing
legislation in Massachusetts, Bos¬
ton councilmen recently approved
age
$10 million program that will
nut the City in the One-family unit
housing business jo^i an unprece¬
dented scale.
■■■■*■
The
National
Association of
a
As of Dec. 17, 1946
Chicago and No, Western By.
plan, to be financed by a
million bond issue, calls for
The
$10
of 510 one-family
houses and 520 two-family houses
to shelter a total of 1,550 veterans
arid their families.
The city will
first rent the homes to ex-service¬
men but will sell them all to ten¬
ants or other veterans by 1952.
Tenants will pay the city $50 a
27, 1946
Kansas City Power & Light
First Mortgage Bonds
Removed from the
(Louisville & Nashville System)
Atlanta, Knoxville & No. Railway
First Mortgage 5s, 1946
Matured Dec. 1, 1946
.
held
rent and sell houses
,
during that
period.
It is planned to build the homes
at a cost for single units of $7,800
each and for double units of $11,-
Dec.
Note Sale^-The
^Sdh,000 tempo¬
loan notes offered for sale on
Jan. 23, were awarded to the
Merchants National Bank, of Bos¬
rary
000.
a discount of 0.594%.
Jam^27,1947. Benoin. $25,These notes are due Nov. 5,
The next highest bidder
the Second National Bank,
.
on
J an.
for
bonds
offered
6
awarded to
Juran & Moddy,
was
of St. Paul. Iri-
South St.
Bond Sale—The $85,000 airport
bonds
were
for sale recently,
awarded to the City Nation¬
offered
& Trust Co.,
al Bank
as ;
1%$.
of Kansas
payable
due June
Interest
These bonds are
bonds offered for. sale on Jan.
20—v. 165, p. 117—ware awarded
to the City Sinking Fund Commit¬
tee, as is, at a price of par. Dated
Dec. 1, 1946. Denom. $5,000. These
bonds are due $5,000 Dec. 1, 1948
to 1954. Interest payable J«J.
of
Wood,
<
bonds
are
ing obligations of the' County.- A
payable
certified check for $8,500,
to the
County,, is required.^
Florence
Township^l(P.
Florence), N. 7.
O.
,
.
Bonds Authorized—Tbe Town¬
Columbia Falls, Mont,
ship Committee $ has; recently
Bonds Voted—Aii issue of passed. an ordinance calling for:
an issue of $7,000 garbage truck
$50,000 water system bonds car
.
ried at the election held on Dec. and snow plow purchase bonds.
10, 1946.
Teaneck
'
Deer Lodge
No. 10
*
.;
Sch. Dist.
Township
(P. O. Teaneck),
County Sch. Dist.
Botid
(P. O. Anaconda),
Mont.
$25,000
New York,- that the
valid and legally bind¬
;
Cleveland, Miss.
Bonds Sold—An issue of
registered
or
MONTANA
MISSISSIPPI
•
of $425,000 refunding
coupon
opinion of Hawkins, Delafield 8^
1, 1949 to 1962.
Bond Offering^-G. A. Petersen^
134 %
semi-annual
street'= im¬ District Clerk, will receive sealed
was
provement bonds was purchased bids until 5 p.m. on Feb. 21, for
Boston, at a rate of 0.60%.
recently by the First National the purchase of $825,000 building
500 each, a total investment for
Saugus, Mass.
Bank of Memphis. Dated Dec. 2, bonds, not exceeding 6% interest.
the program of $9,956,000.
Price ; Bond Offering
Harold E. 1946. Legality approved by Charles Dated July 1,1947. Denom. $1,000.
fluctuations
during construction
A certified check for $41,250, is
Dodge, Town Treasurer, will re¬ and Trauernicht, of St. Louis.
will doubtless alter these figures.'
ceive sealed bids until
8 pin. DeSoto
County Third Supervisors required, payable to the District
The city expects to regain more
Clerk.
{EST), on Jan. 27, for the pur¬
Road District (P. O. Hernando)
than $7.5 million of its original
chase of the following bonds total¬
Mississippi
Lake County Sch. Dist. No. 23
investment from rental and sale
ing $70,000:
Bonds Sold—An issue of $20,000
(P. Oi Polscn), Mont.
or the units
if they, are sold at
$40,000 water mains bonds. Due 3% semi-annual bridge bonds was
half their original cost.
Bond Sale—The $135,000 build¬
Jam 1, as follows: $2,000 in purchased recently by the First
Legislation under which the
ing bonds offered for sale On Jan.
1948 to 1962, an^. $1,000 in Natidrial Bank of Memphis. Dated
new Boston program is being ac¬
18—v. 164, p. 3462—were awarded
5 >«1963 to 1972.
Oct. 9,1946. Legality approved by
tivated also makes special provi¬
to a syndicate composed of the
Charles &
Trauernicht, of St. First
sion for slum clearance and rede¬ ■| 30,000 stand pipe, bonds. Due $2,Security Trust Co., Edward
0Q0 from Jan. 1, 1948 to 1962, Louis.
".;%'44.';
4.i ' ■ :v,
: L. Burton & Co., both of Salt Lake
velopment during the five-year
Dated
Jan.
1, 1947. Denom.
housing emergency.
Cities may
Gulf port, Miss.
City,, and Richards & Blum, of
i^appropriate and. spend money"-1 $1,000. Bidders to name the rate
Bonds Voted
The following Spokane, as 2s, at a price of 100.and take other action necessary to of interest in multiples of % of
bonds amounting to $300,000 were 074. Interest payable J-D. Dated
house veterans, "by purchasing or 1%. Principal and ■> interest (J-J)
favorably voted at the election Dec. 1, 1946. These bonds are due
payable at the National Shawmut held on Jan. 14: $125,000 stadium Dec. 1, in 1947 to 1966, inclusive.
by taking by eminent domain"
land tracts for housing develop¬ Bank of Boston. The bonds are construction; $90,000 recreational The next highest bidder was Piper,.
1947.
1946
Bond Sale—The $35,000 sewer¬
age
Cran-
Clerk of the Board of Chosen
Freeholders, will receive sealed
bids until 2 p.m. oh Feb, 5 fori
the purchase
J-D.
Paul, Minn.
Bond Offering—Harry L.
mer,
of
City,
terest payable J-J/
Camden),
New Jersey
,
bonds, riot exceeding 4% Interest,
Dated Nov. 1,1946. Denom. $1,000^
60,000 sanitary disposal system
bonds. For $20,000 maturing These bonds are due Nov. 1, ris
follows: $20,000 in 1950 to ;1954i
:
$4,000 Feb. 1, 1953 to 1957, as
l%Sj and $40,000 maturing $30,000 in 1955 to 1957, $60,000 ir|
1958 to 1960, and $55,000 in 1961,
$4,000 Feb. 1, 1948 to 1967, as
Rate of interest to be in multiples
iV2s: Interest payable F-A.
of Va of 1%.
Principal and inter¬
Dated Feb. 1, 1947. Denomina¬
est payable at the ;Camden Trust
tion $1,000.
Co., Camden. The successful bid?
deiv will be furnished with the
Marshall, Mo.
devolving fund permanent
improvement
sale
$75,000
'
Feb.
$10,000 maturing $1,000
1, 1958 to 1967, as lV?s.
Interest payable F-A.
(p. O?
Camden County
arid
17. The approving
Bond Sale—An issue of
V-k %
and gave
ton) at
municipalities authority to build,
Dated
year housing emergency
on
Dorsey, Colman, Barker, Scott &
Barber, of Minneapolis, and must
be accepted by the purchaser. A
certified check for $600, payable
to the Township Treasurer, must
Western Maryland Railway Co,
Equips Trust Sen F {Serially)
2>/4s, 1946
t
Matured Dec. 1, 1946
;
15,000 street improvement bonds.
For; $5,000 maturing $1,000
Feb. i, 1953 to 1957, as l3/4s,
designate. These bonds were au¬
thorized at the general election
List
Railroad Bonds
NEW JERSEY
$80,000 Feb. 1,1958 to 1967, as
134s. Interest payable F-A.
As of Dec. 27, 1946
Philadelphia Electric Company
accompany the bid.
First and Refunding Mtg. Bonds
Rochester, Minn.
2%s, due Dec. 1,1981
house, ac-
cording
to the proposed rent
schedule, and $40 of $45 a month
for a duplex unit. Heat, light, and
other Utilities are Uot included ih
the rent. A Massachusetts law en¬
acted this year declared a five-
.
Co.
2%s, due Dec. 1, 1976
construction
month rent for a single
$5,000 in 1960 and 1961. Bate of
interest to be in multiples of %
of 1%. Principal and interest pay¬
able at any suitable bank or other
institution
the
purchaser
may
are
opinion as to legality and validity
of the bonds, will be furnished by
Public Utilities
municipal
cerned.
1956
As of Dec.
Officials reports that the
hew program puts Boston virtual¬
ly in a class by itself as far as
construction,
rental,
one and two-family
permanent .dwelling units is con¬
Co.
of 1946
2s, due serially to Dec. 1,
Housing
sale of
1956
l3/4s, due serially to Dec. 1,
,
and
17, 1946
Second Equipment Trust
$80,000 Feb. 1, 1953 to 1957,
as 1 %s and $800,000 maturing
bonds
follows: $2,000
Chesapeake & Ohio Railway Co.
Fourth Equipment Trust of 1946
,
*
of Dec,
As
due Jan. 1, as
in 1950 to 1959, and
These
Trusts
Railroad Equipment
Boston, Mass.
*"■
1947
Monday, January 27,
COMMERCIAL & FINANCIAL CHRONICLE
offered
bonds
N, j.
'
-SMe—trtib $205,00'0"schb6I
22—
for .Sale Jan.
165, p.,260—-were awarded to the
National State Bank, of Newark,"
v.
and Coffin & Burr, of New
jointly
as
100.051,
a
York,
a price" of
basis of about 1.241%.'
134s, ' at
1947. Denom. $l,000/
are due Feb.
1, in
1957.
Interest
payable
Dated Feb.
bonds
These
to
1949
F-A.
•
.
NEW
MEXICO
New Mexico
(State of)
Debenture Ojffcririg—The
State'
■
ment.
prepared
under
the
supervision building; $75,000 airport, and $10,-
of Finance has announced
Board
that it will receive sealed bids at
the Governor's office until 2 p.m.
Feb. 5, for
the purchsse of $1,~"
highway % debentures^ to.
bear not exceeding/ 3% interest,.
Dated jfeb# 1/1947. Denomination*
$1,000, or multiples ihereof, These'
on
000.000
bonds
are
due
$250,000
on
Feb.
1, in 1957 arid 1958.;
Principal and interest (F-A) pay-:
able at the State Treasurer's of-;
and
Aug.
Jaffray & Hop wood, of' Minne¬
genuine¬ 000 wharf Construction bonds.
apolis.
fice, or at the Guaranty Trust :Co.,;
and sell houses ness by the National Shawmut
New York.
The debentures are
Pass Christian, Miss.
NEBRASKA
similar to the Boston program but Bank of Boston, and their legality
series jCH83 to; G-186, inclusive,;
be - approved
in most cases have been stymied will
Bonds Purchased—An issue^ of
by
Storey,
Franklin, Neb.
and
series will be in the:
by lack of state enabling legisla¬ Thdrndike, Palmer & Dodge, of $6,000 3% semi-annual, funding
Bond Election—An issue of $38,- amount of $.250,000. The approv-:
bonds was purchased recently by
tion. An example of one type of Boston.
|
^4
the Hancoick Benk of Pass Chris¬ 000 semi-annual water works sys¬ ing opinion of Wood, Kirig &;
such legislation is that passed in
MICHIGAN
tian. Dated Oct. 1,1946, Legality tem bonds will be submitted to Dawson, of New Yorik, arid printed :
Rhode Island last spring giving
approved by Charles & Trauer¬ the voters at the election t to be debentures will be furnished by:
Providence
authority to
issue
Brighton, Mich.
nicht, of St. Louis.
held on Jen; 28. ■ These bonda are the State Highway Commission. A:
bonds to finance emergency hous¬
Bonds Offered—R. C. Shannon,
certified check for 2% of the:
due in 20 years.
ing, i Providence voters approved
Tate County (P. Q. Senatobia),
City Clerk, received sealed bids
amount bid," payable to the State
a $2.5 million housing bond issue
:"4 : Miss.
until 8 p.m. on Jan. 23, for the
Treasurer, is required,
NEW HAMPSHIRE
at the recent election.
Bond
Sale—The $50^000- road
purchase of the, following coupon
:
Seeks Additional Lokri Author!- •
c'. "-if
Gloucester, Mass.
bonds totaling $12,000, at not ex¬ bonds offered for sale on Jan, 20,
''Nashua, N.
ity?^he State Highway^ Commis- '
were awarded to the First NationNote Sale—The $800,000 tempo¬ ceeding: 236% interest:
Note Sale^-The $206,000 tempo¬ sion will ask the legislature for
id Bank, of Memphis, as 234s, -at a
rary loan notes offered for sale" on $6,000 sewer bonds. Due $500 Dec.
ral^ loan notes offered fori sale on authorityv to issue - $6,000,000 • of
price of 101.41,
'
Jan.
23, were awarded! to the
30, 1948 to 1959.
Jan. 22, were awarded to the First highway debentures the proceeds
,'T
Ul
k'A
4
Gloucester National Bank, at a
Tate County, Independence Con•
6,000 water bonds. Due $500 Dec.
National Barikf of Bostom. at a of which, along with Federal aid,
discount of 0.60%. Dated Jan. 23,
30, 1948 to 1959.
soliddtedSch.Diit.;(P^J0.
discount of 0.66%. Dated Jan. 22, will be used to meet a projected
1947.
These notes are due $600,1947. Denominations $25,000 and outlay' 6f $34,200,000 in the next
Sen(dobia)p Mi»it.y \i;v I
Dated Jan. 30, 1947.
Denom,
000 Nov. 12, 1947, and $200,000
Bond Sale —The $25,000 school $10,000. These notes ate due" Bee. two-years. The State is scbeduled
$500. Principal and interest pay¬
Jan. 14, 1948.
The next highest able at the City Treasurer's office. bonds offered for sale on Jan, 20, 2, 1947. The next highest bidder to receive bids Feb. 5 on an Offer¬
bidder was the Second National
were awarded to M A. Saunders was Salorriori Bros. & Hutzler, at ing
of, $1J)00,000 debentures to
Vermontville, Mich.
Bank, Boston, at a rate pf 0.614%.
& Co., of Memphis, at a price of $4:ate of 0.665%.
' 4 "
'
provide for payment of highway
■A-~"
N-y
tfU, I
«vt'
Bond Sale Details—The $130,000
par, as 234s. The next highest bid-, 1
obligations incurred prior to Jan.
Maiden, Mass.
water revenue bonds awarded to
Portsmouth; N. - H. *_
,
der was the First National Bank,
Note Sale—The $1,000,000 tem¬
1, 1947.
McDonald-Moore & Co., and H. V.
Note Sale—The $400,000 tempo¬
.
porary loan notes offered for' sale Sattley & Co., both of Detroit, Memphis.
oh Jan, 21—v. 165, p, $80—were
rary loarr notes offered for sale on
jointly, at a price of 95.50—v. 165, Yalobusha County (P. O. Coffee' Jan.
22, were awarded to the Sec^
awarded to the Bankers Trust Co.,
'r,,yFloral Park, J\f, Y.
ville), Miss.
p. 260—were sold as 3s, at a basis
6rid National Bank^of Boston^ at a
of New York, and the National
Bond Election — An issue of
of about 3.36 %*, Interest payable
; Btnd
.Sale — The $25,000 ap¬
discount of 0.58%.. These,notes
Shawmut Bank, of Boston, jointly,
J-J.
$110,000 hospital bonds will be
are
due' $250,000! Sept. 24, and paratus bonds riffeted for sale, on
at a discount of 0.63%. Dated Jan.
submitted to the Voters at a spe¬
Jan.; 22-5-v.
165, p; 386-r-wer6
MINNESOTA
21, 1947. Denoms. $50,000, $25,000,
cial election to be held Jon Feb. 10. $150,000 Dec. 24, 1947, The next awarded; to the First National i
highest bidder was the Merchants
$10,000 and $5,000. These notes
Bank & Trust Co., of Floral Pqrk,
Mountain iron, Minn.
National^ Bank, Boston, *at a rate
are due Nov. 4,
MISSOURI
1947. The next
as Is, at a price of 100.025, a basis
Certificate
Sale—Thfe
$40,000
of 0.648%.
highest bidder
was
the First
of about 0.99%. v Dated Feb. 1,
certificates of indebtedness offered
Joplin, Mo.
Boston Corp., at a rate of 0.649 %.
Bond Sale—The following re¬
Rindge School District, N. H.
for sale on Jan. 20—v. 165, p. 386
194^ Denomination $1.000. These
Massachusetts (State of)
—were awarded to the Mountain
Bonds Purchased—An issue of boridspre: due $5^000 Feb. 1. 1948
funding bonds totaling $1,275,000,
Changes in List of Investments Iron First State Bank. The next offered for sale On Jan. 21—v. 165, $40,000 1 % % elementary • school to'1952. • Interest payable F-A.
Legal for Savings Banks V- The highest bidder was the Moline p. 386—were awarded to a syn¬ construction bonds was purchased The next highest bidder was R, D;
dicate composed oLthe Mercan- recently by F. W. Home & Co., of White & Co., "for 1.10s; at a price
following bulletin (No. 5), issued Brothers,
as
of Dec. 31M shows the latest
tilerCommerce -Bank & Trust Co., Concord. Dated Jan. 1,194J. These of 100.146.
'
; Norway Lake Township (P. O.*
amendments to the July 1, 1946,
of St/Louis, First National/Bank; bonds are due $2,000 Jan./!, 1948
Hempstead, N. Y.
Sunberg), Minn.
list of securities considered elig¬
of Chicago, Walker & Co., of St. to 1967.
principal and interest
:
Bond Offering—M. O. MikkelBond Sale—^The $209,000 water
ible investments for Massachu¬
LOuis, Barret, Fitch & CO., and payable at the National State
son, Township Clerk, will receive
and municipal building bonds of¬
setts savings banks:
v-■ r- ■ r•Burke
&
MacDonald, both of Capital Bank, Concord, or at the
sealed bids until 1:30 p.m. on Jan.
fered for sale on Jan,-21—v, 165,
Kansas City, at a price bf 100.179, First National Bank
of Boston.
(y
Municipal Obligations ■
31, for the purchase of $30,000
a net interest cost of 1.5375% :
Legality approved by . Warren, p. 261—were awarded to Harri-;
Short Term and Serials Only
road and bridge coupon bonds, to
Wilson & Wiggin, of Manchester, man, Ripley & Co., Inc., as J%s, at
bear not exceeding 2 % % interest. $1,200,000 public sanitary sewer
a price of 100.195, a basis of about
V!
As of Dec. 20, 1946 .
.
"
v/;/ bonds. For $400,000 maturing N. H.
City of Richmond, Virginia I; J Dated Jan. 1,1947* Denom. $1,000.
Other
plans
have
cities
considered
and authenticated as to
build
to
t
,
.
,v.u >
•
S;
.
•
•,
.
f
•
:
-
,
•
.
■
'
,
.
.
.
.Volume^ 165
Number 4563
?
THE COMMERCIAL & FINANCIAL CHRONICLE
,s\m
1.48%/ Dated Jan. 1, 1947. • De¬
nomination $1,000.. C These bonds
Dated
$1,000.
The
was
the Marine Trust
-
1947.
next highest
Co.,
for
at
Is,
a
bidder
price
of
$4,000 Jan.
as
NORTH CAROLINA
'
Charlotte, N. C.
Easterling,
Bondr Offering — Bonho Riesj
Village Treasurer,: will }*eceiV4 Secretary of the Local Govern¬
ments Commission,
will ; receive
sealed bids uritil 3 p.m. ori Jan. 30,
; for the purchase of $134,000 gen* sealed bids until 11 a.m. on Jan;
eral improvement, 1946 coupon or 28, at his office in Raleigh, for
the
purchase
of
the
following
registered bonds, not exceeding
4% interest.
Dated Aug. 1, 1946. bonds anticipation notes amount¬
Denoms. $1,000 and $500,
These ing to $151,000, not exceeding 6%
bonds are due Aug. 1, as follows: interest:
in
to
of
Of
-
l
1%.
able
be
valid
and
Jan.
The next
general
,
»
v
New York
to
Bond Sailer The $3,866,000
said bonds upon presentation.
Interest
ceases
on
housing bonds offered
Jan. 23—v. 165, p. 386
Drexel, N. C.
—were
awarded to a syndicate
Bond Offering—W. E. Easter¬
composed of the National City ling, Secretary of the Local Gov¬
Bank, Of New York, Bank of ernment Commission, will receive
America National Trust & Sav¬ sealed bids until 11 a. m. on Jan.
ings Association, of San Francisco, 28, for the. purchase of $60,000
and the First National Bank, of sewer and water
coupon bonds, to
emergency
for sale
v
on
Portland,
as
1
L20s,
as
bear
follows:
not exceeding 6% interest.
Dated Feb. 1,1947, Denoms. $1,000
Feb.
as
p.
Jan.
Ohio
Bond Offering—William J. Pur-
cell, Clerk of the Board of Edu¬
cation, will receive sealed bids
until noon on Feb. 8, for the pur¬
chase
of
$45,000
3%
building
bonds.
Dated Dec. 1, 1946.
De¬
nomination $1,000.
These bonds
are due $3,000 from Dec.
1, 1947
to 1961.
Bidders may bid for a
rate
of
interest
in
a
multiple of 34 of 1%. These bonds
authorized
at
the
election
May 7, 1946. A certified
check for $450, payable to the
Board of Education, must accom¬
on
bid.
'
♦
.
.
Dorset Local Sch. Dist., Ohio
Bond Offering—A. L. Mellinger,
y
Clerk of
the Board
receive
of
sealed
Education,
bids
until
3
Feb. 10, for the purchase
of $73,000 building
bonds, not ex¬
p.m. on
bonds
are
due
.000.
the
The next highest bidder was
Chase National Bank, at a
requested to
i.„*
rate of in¬
•
Geneva Local Sch. Dist., Ohio
terest, in multiples of 34 of 1%.
Bond Offering—J. W.
Simmons,
The approving opinion of Masslich
Clerk of the Board of Education,
6 Mitchell, of New York
City, will receive sealed bids until 8
; price of 100.044 for 1.20s.
Note
name one
cation, is required,
Rochester, N. Y.
Offering
W. Raymond
will
be
furnished.
A
certified
P4h;
\
^
•'
>.
on
'
•.. •
V" '
Township Local School
for sale
build¬
on
Jan.
April and Oct. 1, in
1954, and $2,000 April and
on
to
1970.
Interest
Water ville, Ohio
4, for the
purchase of $4,296.50 3% water
line bonds. Dated Feb.
1, 1947.
Denoms.
$500, one for
$296.50.
These
bonds
due
are
Feb.
1,
as
follows:
$296.50 in 1948, and $500
165, p. 262—were
awarded to Ryan, Sutherland & in 1949 to 1956. Bidders may bid
for a dif ferent rater of interest
Co., of Toledo, as 13^ s, at a price
in
of 102.74, a basis of about 1.465%. multiples of 34 of 1%. Principal '
Jan. 20~v.
Dated Jan. 1, 1947. Denomination
$1,900. These bonds are due Oct.
1, in 1948 to 1962. The next high¬
bidder
est
was
Paine,
Webber,
Jackson & Curtis, for 134 s.
Mt. Pleasant Local Sch. Dist. (P. O.
and interest
office
$500
the
of
(A-O) payable at the
Village Clerks A
the
certified
check, payable to
Village, must accompany bid.
Willoughby Township Local School
(P* O. Willoughby), Ohio
Dist.
Bonds Voted-—An issue of
Dillonvale), Ohio
000
Bends to Be Reoffered—Ann E.
the
Denger, Clerk of the Board of
Education, reports that the $54,-
$65,construction bonds -carried at
general election held last
Nov.
000 school bonds, to bear not ex¬
5;
Willoughby Village Local Sch»
ceeding 3% interest, will have to
be
reoffered
for
sale.
Dist.
Ohio
Interest
Bond
Offering Pending — The
following bonds totaling $285,000
were
approved "at thegeneral
payable J-J.
Norton Local School District, Ohio
election held on Nov. 5:
Bond Offering—T. J. Wehling,
Clerk of the Board of Education, $65,000 high school improvement
and equipment bonds.
will receive sealed bids until noon
>•
are
V-
Bond Offering—Ernest D.
Hook,
Village Clerk, will receive sealed
bids until noon on Feb.
Lowellville, Ohio
.
Bidders
' 1
165, p. 119—:were awarded
Braun, Bosworth & Co., Inc., as
2s, at a price of 100.166, a basis
May
•
choice.
:
District, Ohio
Sale—The $85,000
1948 to
on Feb.
10, for the purchase of
$550,000 Issue Three bonds, at a
$254,000 improvement bonds, to
and $500.
These bonds are due ceeding 6% interest. Dated Jan. bear; not exceeding 3 %. interest.
price of, 100.069, a net interest
cost of 1.1787%. Due April 1, Feb. 1, as follows: $1,500 in 1950 1, 1947. Denominations $1,000 and Dated Jan.
1, 1947. Denom. $1,to 1955, $2,000 in 1956 to 1967, $650, These bonds are due $3,650 000.
1948 to 1952. J
These bonds are due $5,000
Sept. 1, 1948 to 1967, Rate of in¬
: 3,316,000 Issue Four; bonds, at a and $3,000 in 1968 to 1976. Prin¬
June and $6,000 Dec. 1, 1948 / to
terest to be in multiples of 34 of
price pi 100.103, a net interest cipal .and* interest (F-A) payable
1957; and $6,000 June and Dec. :1,
1%, A certified check for 1% of
cost of 1.1689%., Due'June 1, in New York City. General obli¬
1958 to 1969.
Rate of interest to
the amount of the bonds to be
in 1948 to 1952.
'
gations; unlimited tax; delivery
be in multiples of 34 of 1 %. These
spld, payable to the Board of Edu¬ bonds
on or about Feb. 18, at
place of
were authorized at the gen¬
;
Dated Jan. 1, 1947. Denom, $1,-
purchaser's
•;
•
11—v.
$1,500
Co., of Cincinnati,
price of 101.38, a
Bond Sale — The $50,000 swim¬
ming pool bonds offered for sale
ori
different
&
These
.100.00
Bloomingburg Local Sch. Dist.
'
| of
about
1.63%.
Dated Oct. 1, in 1955
1, 1947.
Denomination $l,-« payable A-O.
=
OHIO
.
of about 1.98%. Dated Jan.
1, 1947.
Denom. $500. These bonds are due
Co. for 1 % s, at a price of 100.577.
of
1
to
and Nov. 1, in 1948 to 1971. Inter¬
est payable M-N.
The next high¬
est bidder was Halsey, Stuart &
Co.,
:
1;
Bond
261—were awarded to
a
held
.
"•
-
ing bonds offered
1%$, at
000.
^
•
.
Warren
Exempted Village School
165,
basis
election' will: be
18.
> 1
:.
Bond Sale—The $287,000 school
on Jan. 15
as
$129,000, 6s, $179,000, 3s,
$348,000, 2 34s, and
$347,000, l%s, at a price
will
This:
fol¬
London
v.
Co.,
Allen C. Ewiri &
pany
and
due
J. A. White
and
were
$1,000
are
$1,000 Nov. 1, 1948; $1,500
and $1,000 Nov. 1, in 1949
May
to 1964, and $1,500
May and Nov.
1, in 1965 to 1972.
r*
Bank,
Peoples Savings; Bank &
Trust Co., Wilmington,
held
date called.
Denominations
These bonds
$500.
lows:
District, Ohio
#
-
■
Denom.
jointly, On
obligations; of the Village/ Said payable to the State
Treasurer,
is required.
Yprk, N. Y., or at such other place
Columbia, N. C.
as may be agreed with the • purBond Call—F. E. Cohoon, Town
*chaser about Feb. 14,1947.
The
v
approving opinion of Vandewater, Clerk, has announced that the
Towns refunding bonds Nos. 4, 5
Sykes & Heckler, of New York
and 6, are called for payment on
City, will be furnished to the purchaser without' cost.
A certified March 1. Dated March 1, 1941.
check for $2,680, will be required, Payable at the Central Hanover
Bank & Trust Co., New York
City,
payable to the Village.
Sept. 1,' 1947, and Subsequent in¬
New York City Housing Authority, terest
coupons must be attached
;
1947.
587
bonds offered for sale
New York,
John Nuveen &
'
>
1965,
1947.
highest bid submitted
bonds will* be delivered iii New
•*
1,
Chase National
Dated Feb; 1, 1947. These bonds
are due
Aug. 1, 1947. The approv¬
ing opinion of Masslich & Mitch¬
ell, of New York City, will be fur¬
nished, A certified check' for $755,
principal and Interest pay-
bonds will
v
to
was:
$53,000 water bonds.
93,000 sanitary sewer bonds.
5,000 fire station bonds.
at the Lyhbrook ' National
Dank & Trust, Co;, Lynbrook. The
:
1962
$1,000; Interest payable J-J.
Note Offering—W. E.
SI7,500 in 1947 to 1949, $16,500
1950 and 1951, $9,500 in 1952
1956, and $1,000 in 1957., Rate
interest to be in multiples of 34
1,
2s.
Dated
Lynbrook, N. Y.
1
For
$27,000 maturing
Jan. 1, $2,000 in 1950 to 1959,
f. $3,000 in 1960, $4,000 in 1961,
as 234 s, and $16,000
maturing
100.009.
Trust
Co., Buffalo and
Co., jointly, for
ft; D. White &
\ x/zs, at a price of TOO.1856;
•
bonds.
Denom.
Glens Falls National Bank &
are, due Jan. 1, in 1948 to 1973.
The next highest bid was that of
:
Feb. ; 15,
220,000 elementary school addi¬
tion bonds.
Harry G. Ghm, Clerk-Treasurer
of the Board of Education,
reports
that
legislation is now being pre¬
pared to place on the market the
above issues, together with the
remaining $120,000 bonds of the
$294,000
issue
for^ elementary
.
school
additions, voted at the No¬
eral election held on Nov. 5. Prin¬ vember election in 1945, of which
cipal and interest payable at the $174,000 has been sold.
First Central Trust. Co., Barberton.
OKLAHOMA
Award will be made at 8.30
p.m. on Feb. 10.
Enclose a certi¬
fied check for $2,450, payable to
v
Blackwell, Okla.
(EST) on Feb. 27, for the
Bond Sale Details—The
$300,000
of
$135,000
building the Board of Education. These electric
; light
system bonds of¬
bonds, to bear not exceeding 6% are the bonds originally offered
fered for sale on Jan. 14 and
(EST) on Jan. 29, for the purchase
interest., Dated Jan. 1, 1947. De¬ for sgle on Jan. 13.
of
the
awarded to C. Edgar Honnold, of
following capital
notes
Wilmington, N ,C.
nominations .v$l,000
and
$750.
Bond Sale—The following bonds
Oklahoma City, at a net interest
amounting to $300,000:
Pepper Pike,P(jR.P,D*
These bonds are due $6,750 from
•v
cost of 1.4726%—v. 165, p. 387—
aggregating $1,003,000, offered for
$100,000 sewer notes.
Chagrin Falls), Ohio
Sept. 1, 1948 to 1967. Rate of in¬
sale on Jan. 14—v. 165, p. 261
Tenders Wanted—Ruth B. Far- were sold as follows: $90,000 ma¬
; 55,000 • public works apparatus
terest to be in multiples of 34 of
were awarded to a
syndicate com¬
turing $15,000 Jan. 15, 1950 to 1952
PPP'W notes. :■•. '' /. '■ v-• r; ' ;
1%.
The bonds were authorized agher, Village Clerk, will receive
posed of Goldman, Sachs & Co.,
as
iy2s, $60,000 maturing $30,000
40,000 airoort improvement notes,
at the general election held on sealed tenders until noon (EST)
of New York; Alex. Brown &
Jan.: 15, 1953 and 1954, as 134s, and
i 60,000 .airport hangars notes.
Nov. 5, 1946. A certified check on Feb. 7, of refunding bonds,
Sons, of Baltimore; Mercantile45,000 public works equipment
for 1%. of the amount of bonds to dated Jan. 1, 1940. The Village $150)000 maturing $30,000 Jan. 15,
Commerce Bank & Trust Co., of
1955 to 1959, as 13^ s. Interest
and apparatus notes*
pay¬
be sold, payable to the Board of has more than $5,000 available for
St. Louis; Commerce Union Bank
the purchase of the bonds and able J-J. Denomination $1,000.
i Dated Feb. 1, 1947. These notes of
Education, is required.
Nashville; Seasongood & Mayer,
will purchase them, so far as funds
i are due Feb.
1, 1948.
Notes will of
Grandfield School District, Okla.
Cincinnati, and Kalmian & Co.,
Hillsboro Exempted
are available; at the lowest offer¬
; be drawn with interest and will
Village
of St. Paql, at a price of
Bond Offering—O.
M. Gould,
par, a net
School District, Ohio
ing price, not more than par.
i be deliverable and payable at the
interest cost of about 2.20%.
Bond Offering-^-Amos G. Smith, Each tender shall state the num¬ Clerk of the Board of Education,
T Central Hanover Bank & Trust
•
City
Whitley,
receive
sealed
Comptroller,
bids
until
3
will
check
p.m.
State
for
$1,200, payable to
Treasurer, is required.
the
purchase
.
-
.
.
'
/
on
Feb. 3, 1937,
after that date as they
prepared for delivery;
Legal opinion of Heed, Hoyt <8?
WasJiburn^oi Ne#; York, will be
funus&edfhe successful bid<JpL •
vor as soon
V
;
•
can ^
be
'
Utica, N» Y.
Sale—The $1,500,000
I
.
•
Note
tax
anticipation notes offered for sale
on Jan} i4—v. 165, p. 261—were
•awarded to the First.Boston Corp,,
at a rate of 0.63%, plus a premiunji
of. $H.
Dated;Jan.-15, 1947> De$50,00(£, These .notes
are due July 15, 1947., The next
highest 'bidder ^was' the "Bankers
nomination
v
Trust
$325,000 water bonds. For $85,000 Clerk of the Board of Education, ber of bonds, tendered and the will receive sealed bids until Feb.
.maturing Jan. 1, $6,000 in Will receive sealed bids until noon price per bond, and whether said 4, for the purchase of $22,000
The notes
Co.j New York City.
will be delivered
Co.', Ne\V York, at
1950 to 1959, $10,000 in
1960;
$15,000 in 1961, as 234s; $60,000 maturing $15,000 Jan.
1,
1962 to 1965, as 2s, and $180,000 maturing $15,000 Jan.
1,
;
* 1966 to 1977, as2i/4s.
/
300,000 sanitary sewer bonds.
7
For $90,600 maturing Jan. 1,
$5,000 in 1950 to 1955, $10,600
in 1956 to 1961, as
234's; $40,r
000 maturing $10,000 Jan. 1,
.1962 to 1965, as 2s, and $170,}
000 maturing $10,000 Jan. 1,
1966 to 1982, as 2y4s.
300,000 street improvement bonds.
Feb. 7, for the purchase of
$70,- price includes accrued interest. In
2%
building
improvement case more bonds are offered at the
bonds. Dated Jan. 15, 1947, De¬ same price than can be purchased
nomination $1,000.
the
These bonds with
funds
available,
the
000
are due Jan. 15, as follows:
$5,000
in 1949 and 1950, and $6,000 in
1951 to 1960, Bidders may bid for
a different rate of interest in mul¬
bonds to be purchased will be de¬
termined by lot under supervision
of the Clerk.
building bonds. These bonds
offered for sale
out5 success.
.
;
on
-
Konawa School
Bond
and
sale
Jan. 21,
-
.
A
were
with¬
.;v.''
DistrictpOhlcu
Sale—The $10,000 repair
equipment bonds offered for
on
Jan. 14 were, awarded to
Prairie Local Sch* Dist., Ohio
the First National Bank of Kon¬
tiple of 34 * of 1%. The approving
Bond Offering — Lawrence awa. The next highest bidder was
opinion of Peck, Shaffer & Wil¬
the Small-Milburn Co.
liams, of Cincinnati, will be fur¬ Karns, Clerk of the Board of Edu¬
nished the purchaser at his ex¬ cation, will receive sealed bids
Muskogee School District, Okla.
pense.
A certified check for 1% until nbon on Feb, 5, for the pur¬
Bond
Offering—E.
D.
Cave,
chase of $231,000 building bonds,
of the bonds bid for,
payable to
Clerk of the Board of Education,
to bear not exceeding 3% interest.
the Board of
Education, is re¬
will receive sealed bids until 7.30
Dated Jan. 1, 1947. Denom. $1,000.
For $180,000 maturing Jan.
1, quired.
p.m. on Jan. 27, for the purchase
These bonds are due $5,000 June
$10,000 in 1950 to 1953, $15,000
of $275,000 site purchase and con¬
Jackson • Local Sch. Dist. (7\ O. and $4,000 Dec. 1, in 1948 to
in 1954 to 1957, $20,000 in 1958
1956, struction bonds. These bonds are
and $5,000 June and Dec. 1 In
to 1961, as, 234s; $80,000 ma¬
Christiansburg), Ohio
due $15,000 in 1950 to 1966, and
Bond to Be Resubmitted—The 1957 to 1971. Rate of
interest to
turing $20,000 Jan. 1, 1962 to
$20,000 in 1967. The bonds were
issue
of
$44,000
construction be in multiples of 34 of 1%. Au¬ voted at
-1965, as-2s, ,^ind .$40,000 ma¬
the election held on Jan.
turing $20,000 Jan. 1, 1966 and bonds will be resubmitted to the thorized at the general election 7; A certified check for 2% of the
yoters at the election to be held held on Nov. 5, 1946. A certified
1967, as 234s'.
amount bid, is required.
..
on Feb. 4.
These bonds fdiled to check for $2,500 is required,
35,000 storm sewer bonds. For
pay¬
Oklahoma (State of)
able to the Board of Education.
$23,000 maturing Jan. 1, $1,000
geiieral
in .1949 to 1951, $2,000 in 1952 eiecuon m iy4t)Financial
Survey
Prepared—
Wapakoneta School District, Ohio
The completion of the 12th annual
to 1961, as 234s; $8,000 matur
Keene Local Sch. Dist., Ohio
Bond Election Scheduled—The
ing $2,000 Jan. 1, 1962 to 1965,,
financialsurvey
of
Oklahoma
Bonds Offered.— M. G.
Karr, State Board of Tax Appeals has
Tand $4'000 maturing' Clerk of the Board oFEducatkjn! given permission to the Board of municipalities for distribution,
has been announced recently
$2,000 Jan. 1, 1966 and 1967, received sealed bids
by
.
a fate: of
r
0.63%.
on
,
,
.
••
»
■
:
•
,
'
•
Warren'County (P.O.
Glens Falls), N. Y*
~
>
Bond Sale—The following air-
port of 1947 bonds offered for sale
on Jan.
23—v. 165, p. 287—were
awarded
Bank
of
?.
to
the
First
National
Glens
Falls, as Is, at a
price of 100.Q57, a basis of about
0.99%:, - 1 r
\
,
$38,000 series A bonds. Due Feb.
{ "
15, in 1948 through 1957. •
14,000 series B bonds.
i
.>4 15,'in 1948 to 1957.
Due Feb.
'
•;>/).<I
.
-=
..
aTA
until
noon
on
>V/?srt ?/4S*
Jan. 25, for the purchase of $65,43,000 fire alarm and equipment 000
building bonds.: Dated May 1,
Education
tion
issue
to
of
to
call
submit
to
a
special elec¬
the
voters
an
$295,000 building bonds.
R. J.
Edwards, Inc., of Oklahoma
City.} This booklet of 81 pages
.contains
a
financial statement of
:M<)ftdayi::January- 27r"1947
588
lina
■
municipality in Oklahoma
which
has
outstanding bonded •t
debt. Reports on any county or /
every
y
.
Brownsville, Tenn. /;/'{//
Sold—R. Y. Moses, City
announced y that the
$80,000 city hall and auditorium
bonds offered for sale on Dec. 30,
may
be readily
found by reference to an index
units
the governmental
alphabetically.
listing
}i }&•£'■&■.
{."i'
r\
.v. tf •; 'v.. ■ ;
.
1 Poteau,
.
has
Development Co. at
price of par for 3s. Interest payr
Brownsville
Okla.
Offerings-Perry Bolger,
City Clerk, will receive sealed
bids until 7:30 p.m. on>Jan. 29,
for the purchase of the following
bonds totaling $87,000, authorized
a
able J-J,
'
.
■■
V.vs/,t cf
7
t'
.
1
the
at
held on Jan. 7:
election
$80,000 water,and
equipment bonds. \
C $7,000,.. fire
/
„/1
„
Sapulpa, Okla.
///
Bond
City
bids
Offering—C. B. Peterson,
sealed
Clerk, will receive
until .7.30 p.: m. on
Feb. 3,
following
$300,000:;
$250,000 water system bdrids. Due
$15,000 in 1950 to 1965, and
for the
coupon
purchase of the
bonds, totaling
.
$10,000 in 1966. .
v-:
50,000 fire equipment bonds.
$3,000 in 1950 to 1965,
$2,000 in 1966. ,
;
<■/
-
.
,
,
check for 2% of the
amount bid, is
;
r.'
v
■.
■
-
'<// x I
,
0. Jackson)
Tennessee /// v;;.: & •
Madison County (Py
Bond Sale—The $105,000 school
for sale on Jan. 17
,
bonds offered
1947.
656,000
;
bonds.
Dated
Due Feb.
Fort
bonds.
Feb;
19,
Smith,
Dated Feb.
Cowlitz County,
/ No.
24, 1948.
Arkansas
19, 1947.
Due Feb. 24, 1948,
Hawaii:
$566,000 Third series bonds.
570,000
Fourth
series bonds.
; Dated
Feb. 19, 1947.
Due
March 2, 1948.
168,000 King County Washington
bonds; Dated Feb. 19, 1947.
Due Feb. 10, 1948.
118 (P.
Carrolls Sch. Dist,
O. Kelso), Wash.
-
Bond Offering—George E. Se-»
cord, County Treasurer, will re¬
ceive sealed bids until 10 a.m. on
,
Feb.; 1, for the purchase of $25,000
school bonds, not exceeding 3%~
Jan. 1, 1947. De¬
$1,000. These bonds
are due Jan. 1, in 1949 to 1967:
Principal and interest payable at
the County; Treasurer's office or
at the fiscal agency of the State iri
New York City.
The approving
/ New Orleans, La.:
opinion of Preston, Thorgrimson,
$1,000,000 26th series bonds.
Horowitz & Turner, of Seattle, will
2,080,000 27th series bonds. Dated be furnished the successful bid¬
Feb. 19, 1947,- Due Feb. 24,
der... A certified check for 5% of
Karnes County Road Dist. No. 1
the amount bid, is required.
214,000 Providence, Rhode Island
(P. O. Karnes City), Texas, %
bonds.
Dated Feb. 19, 1947. King County, Tahoma Sch. Dist*
Bonds Sold
The; following
interest. ; Dated
nomination
.
awarded
to the Nashville Securities Co., of
Nashville, as iy2s,. at a price of
100.319, a basis of about 1.46%.
Dated Jan. 1, 1947. These bonds
Due Feb.- 24, 1948.
v
-. \ No. 409 (P. O. Seattle),' Wash*: '
bonds totaling $75,000 were pur¬
are due Jan. 1, .as follows: $25,000
368,000 Puerto Rico bonds. Dated H Bond Offering—Carroll Carter,
by. Rauscher,
in 1953 to 1955, incl., and $30,000 chased -x*ecently
Feb. 25^ 1947, Due March 2, County
Treasurer, will receive (
in 1956. Interest payable J-J. The Pierce & i Co., and thd R. J. Edsealed bids until 11 a.m;,on Feb;
next highest bidder was the Equi¬ .werdsi Jnc;» both of Sari Antbnio,
640,000
Richmond,
California 4, for the purchase of $81,000
jointly:
table Securities Corp. V*' •' * bonds. Dated Feb. 19, 1947. school bonds, to bear not exceed-*
$23,000 2% road bonds. Due Dec.
Nashville, Tenn,
Due Feb, 24, 1948;
ing 3% interest.
Dated Feb. 1,
1, as follows: $3,000 in 1947,
1947. Denomination $1,000. These
Bond Offering—W. M. Carr, Jr.,
Richmond, Va.:
and $500 in 1948 to 1951.
bonds are due Feb. 1, as follows:
City Clerk, will receive sealed
25,000 2y4% road bonds.
Due $381,000 10th series bonds- <
bids until. 7:30 p. m. on Feb. 4,
$3,000 in 1949 and 1950, $4,000 in
1,000,000 11th series bonds.
$5,000 Dec. 1, 1952 to 1956.
for the purchase of $250,000 water
Dated Feb. 19, 1947. Due Feb. 1951 to 1960, and $5,000 in 1961
27,000 2^% road bonds. Due
to 1967. Principal and interest
works of 1945 bonds, to bear not
Dec. 1, as follows: $5,000 in 24,1948m
exceeding
3%
interest.
Dated
(F-A)
payable at the County
Rock Island, 111.:
1957 to 1960, and $7,000 in
June 1,1945. Denom. $1,000. These
Treasurer's office or at the fiscal
1961.
$500,000 11th series bonds;
bonds are due June 1, as follows:
agency of the State in New York
Dated Dec. 1, 1946.
Denom.
517,000 12th series bonds.
City., Legality approved by Pres¬
$8,000 in 1950 to 1954, $9,000 in
Dated Feb. 19, 1947; Due F^eb.
$1,000.
Principal and interest
1955 to 1959, $10,000 in i960 to
ton,
Thorgrimson, Horowitz &
24,1948.
(J-D) payable at the State Treas¬
1964, $11,000 in 1965 to 1969, and
Turner/ of Seattle. A certified
164,
—v.
p.
3464—were
"
.
Due
and
..
A certified
the
purchased recently by
were
wK*" £
Bond
V
Bonds
Clerk,
sub-division
$7,000 in 1948 and 1949,
$8,000 in 1950 and 1951, $10,000 in
1952, $12,000 in 1953, $13,000 in
1954, $14,000 in 1955, $15,000 in
1956,y$15,000 in;; 1957 as 2V2s,
$102,000 maturing March 1, $18,000 in 1958, $19,000 in 1959, $20,000 in 1960, $22,000 in 1961, $23,000 in 1962, as 2%s. and $137,000
maturing March 1, $24,000 in 1963,
$26,000 in 1964, $28,000 in 1965,
$29,000 in 1966 and $30,000 in
1967, as 3s. Interest M-?S. Dated
March 1,
1947.
Denom. $1,000.
The
next
highest - bidder was
Paine,; Webber,. Jackson &vCurtis,
at a price of 100.26..
« V
v
March 1;
fgt;^
required.
PENNSYLVANIA
,
The
Chambersburg, Pa*
Bonds So 1 d—The following
urer's office.
Legality approved
San Bernardino County, Cat.
check for 5% of the amount bid,
$12,000 in 1970 to 1974. Rate of
bonds,
totaling $900,000/ were
by Gibson, Gibson & Boothman, of $239,000 9th series bonds.
interest to be in multiples of y4 of
is required.
Austin.
C;''v
:vIf-' y^
purchased recently by C. C. Coll- 1
1,000,000 10th series bonds
%. These bonds are the unissued
ings & Co., E. H. Rollins & Sons,
WISCONSIN
Dated Feb. 19, 1947.
Marlin, Texas
Sand Dolphin & Co., all of Phila¬ portion of- an authorized issue of
Due Feb. 24, 1948/
Bond Offering—E. M. Dodson,
$500,000, and payable from taxes
CUnionville, Wis*
delphia, jointly:
to be levied on all taxable prop¬ Mayor, Will receive sealed bids $501,000
Scranton, Pennsylvania
Bond Offering — S. J. Tillesoh,
$400,000
1%% .water revenue erty in the City without limitation until 7 p.m; on Jan. 24 for the pur¬
bonds. Dated Feb. 19, 1947.
City Clerk, will receive sealed
bonds. Due in 1956 to 1965.
Due Feb. 24,1948. :
as to rateor amount.
Principal chase of $529,000 water works im¬
bids until 7:30 p.m. on Feb/4, for
100,000 2% water revenue bonds. and interest payable at the City
provement bonds.
Dated on or
Seattle, Wash.: ;'
the purchase - of $40,000 public
Due in 1966'to 1968.
Treasurers office or at the Guar¬ about Feb. 15,1947. Denomination
$613,000 14th series bonds/
bath bonds; not exceeding 3% in¬
400,000 2% water revenue bonds.
anty Trust Co. of New York; The $1,000. These bonds are due Feb.
796,000 15th series bonds.
terest. Dated Jan, 1, 1947. De¬
Due in 1977.
approving opinion of Chapman & 15, as follows: $5,000 in 1948 and
Dated Feb. 19, 1947. Due Feb. nomination $1,000.
These bonds
Legality approved by /Towns- Cutler, of Chicago, will be fur¬ 1949, $6,000 in 1950 to 1952, $7,000
are due $5,000 July 1, 1950 to 1957*
24,1948.
end, Elliott & Munson, of Phila¬ nished; It is' anticipated that the in 1953 to 1958, $8,000 in 1959, to
Tuckahoe, New York Rate of interest in multiples of
delphia.
bonds will be ready for delivery 1961, $9,000 in 1962 to 1965, $10,- $105,000
bonds. Dated Feb. 19, 1947; V\ of 1%. Principal and interest
On or about Feb. 15, 1947. A cer¬
000 in 1966 to "1968, $11,000 in
Turtle Creek School District, Pa,
payable at the City Treasurer's
Due Feb. 10, 1948.
y Bonds
Voted
An issue of tified check for $5,000, payable to 1969 to 1971, $12,000 in 1972 to
(The above notice supplements office. The bonds will be the di¬
the City Treasurer, is required.
1974, $13,000 in 1975, $14,000 in the offering report given In ^ rect general obligations of the
$200,000 : playground bonds was
1976 to 1978, $15,000 in 1979 to
approved at the election held on
TEXAS
City and are subject to the favor/
v. 165, p. 263.)
1981, $16,000 in 1982, $17,000 in
.Jan. ,14,
able opinion of Chapman & Cut¬
1983 ; and
1984, $18,000 in 1985,
Cleburne, Texas
WASHINGTON
ler, of Chicago, which opinion will
York School District, Pa,
Bonds.Voted—An issue of $500,- $19,000 in 1986, and $113,000 in
be furnished to the successful bid¬
1987.
Bidders may specify the ChelanCounty,WenatcheeSchool der at the
Bond Sale—The $1,750,000 im¬
expense of the City.
A
000 water and sewer bonds; was
firm of; attorneys which they de¬ District No* 46 (P.O* Wenatchee)
provement bonds offered for sale approved at the election held, on
certified check for $1,000, payable
Washington
sire tQ approve the bonds. A cer¬
on Jan.' 21—v. 165,' p. 119—were Dec. 12.
to the City Treasurer^ is required*
tified check for- $10,000, is ~ re¬
awarded to a syndicate composed
Bond Offering—T. E; McKoih/
El Campo Ihdep. Sch. Dist., Texas quired.
of the Harris Trust Sc Savings
County Treasurer, Will receive Village >of Tiger ton and Towns of
Fairbanks and Morris, Union Free
Bond Sale—The $250,000 build-?
sealed bids until 11 a.m. on Feb.
Bank, of Chicago, Stroud & Co4
Temple, Texa^y '
Sch. Dist. No* I (Ps O, Ti^erton f
.Schmidt, Poole & Co., both of ing addition bonds offered for sale
25, for the purchase of $525,000
Bond Election piannedL-An is¬
Wisconsin ' /
school bonds, to bear not exceed¬
Philadelphia, Phillips, Schmertz on Jan. 14—v. 164, p. 3464—were
sue
of $600,000 water revenue
& Robinson, and Singer, Deane & awarded to the First Southwest
* Bond Offerlng—Queenie Bruning 3% interest. Dated March 1,
bonds will be submitted to the
1947. Denomination $1,000. These ner, District Clerk, will receive
Scribner, both of Pittsburgh, as Co., of Dallas; Rotan, Mosle &
Moreland, and Fridley & Hess, voters at an election to be held bonds are due March 1, as fol¬ sealed bids until 7 p.m, on Feb. 3,
i 1^4s, at a price of 100.797, a basis
in the near future,; according to
These
lows: $34,000 in 1949, $35,000 in for the purchase of $65,000 build¬
: of about 1.186%. Dated Feb. 1, both of Houston, jointly.
report.
1947. Denomination $1,000. These bonds are due in 1948 through
1950, $36,000 in 1951 and 1952, ing bonds, to bear not exceeding
Victoria County (P. O. Victoria) $37,000 in 1953, $38,000 in 1954, 3 % interest. Dated Feb. 1, 1947*
bonds are due Feb. 1, in 1949 1967.
foxes
through 1970. The next highest
$39,000 in 1955, $40,000 in 1956 Denomination $1,000. These bonds
Eldorado, Texas
are due April 1, as follows: $3,000
bidder was Harriman, Ripley &
Bond Election — An issue of and 1957, $41,000 in 1958, $42,000
Bond Sale—The $80,000 gas rev¬
in 1948 to 1958, and $4,000 in 1950
C
Co., Inc., Smith; Barney & Co.,
$500,000 new road district bonds in 1959, $43,000 in 1960, $44,000 in
enue bonds offered for sale re¬
to 1966. Rate of interest to be in
Merrill Lynch, Pierce, Fenner &
will be submitted to the voters at 1961, and $20,000 in 1962. Principal
cently, were awarded to Rauscher,
and interest (M-S) payable at the multiples of V4 of 1%. Principal
Beane, and Newburger: & Hano,
an election to be held on Feb. 4.
Pierce & Co., of Dallas, and Russ
County Treasurer's office or at the and interest payable at the First
jointly, for l%s, at a price of lOO.r
& Co., of San Antonio, jointly, at
Bank,
Tigerton.
The
fiscal agency of the State in New National
UNITED STATES
a price of 100.096, a net interest
York City.
The approving opin¬ bonds are general obligations of
cost of about 2.795%, as follows: Federal Public Housing A uthority
SOUTH DAKOTA
ion of Preston, Thorgrimson, Hor¬ the District. The approving opin¬
Local Units Offers Temporary
$70,000 maturing Jan. 15, $3,000
owitz & Turner, of Seattle, will be ion of Chapman & Cutler, of Chi-*
Hetlahd /ndependent Sch. Dist.
in 1948 to 1952, $4,000 in 1953 to Loan Notes—Sealed bids will be
cago, will be furnished the suc¬
furnished the successful bidder.
South Dakota •
1962, $5,000 in 1963 to 1965, as received on Jan. 28, for the pur¬
A certified check
A certified check for 5% of the cessful bidder.
Bond Sale—The $7,000 building 2%s, and $10,000 maturing $5,000 chase of the following temporary
amount of bonds bid for, is re¬ for $2,000, payable to the District
and equipment bonds offered for Jan. 15, 1966 and 1967, as 3s. In¬ loan notes of the said Local Public
Treasurer, is required.
sale on Jan. 14, were awarded to terest payable J-J. Dated Jan. 15, Housing Agencies, amounting to quired.
the Citizens State Bank of Arling¬ 1947. Denom. $1,000.; Bonds ma¬
$32,373,000: .
Clallam County Sch..Dist. No's 7
ton, as 2^4s, at a price of par. turing In 1958 and thereafter; are
(P. Of Port Angeles), Wash. ]
$193,000 Brownsville, Texas bonds.
Interest payable J-J. Dated Jan. 1, optional dri Jari.tl, 'i957, arid on
Dated Feb. 19, 1947. Due Feb.
Bond
Offering—The County
Canada {P. O. Ottawa), Canada
1947.
These bonds are due $500 any interest payment date there¬
24, 1948.
Treasurer will receive; sealed bids
from Jan. 1,1948 to 196L Denom. after.
Principal
and interest
Bills Sold—An issue of $75,000,-*
Authority of
Municipal
Borough of
,
,
v
•
.
*
r
''
<
.
v
-
*
''
r
"
*
1
.
.
.
'
CANADA
$500.
payable
(J-J)
Roscoe, S.
National Bank/
Dak.
Details—The $42,000
sewer and fire protection
bonds
awarded on Dec. 3 to the Allison'Bond Sale
Eldorado
at the American
Austin, or at the
State
Bank,
Eldorado.
authorized at the
Jan.
14 election.
Legality ap¬
proved
by; Gibson, • Gibson &
/? Williams Co. of Minneapolis, tak- Boothman, of San Antonio.
/ ing $21,000 as 2%s, and $21,000 as
'Jefferson County Drain District
*
164, p. 3200—were
3s—v.
Said bonds were
sold at
•
y.a
price
Due on Jan. 1,
to 1962.,
,f
/
j:
of par.
from 1949
,
V/
''
*'»
'
•.
Viborg, S,
'V-: ' I.
•'
Dak.
i
Bond Sale
Details—The $10,000
bonds
awarded on Jan. 6
water
| to Mr. J. G. Wolff, of Viborg, as
/" 2.40s—v. 165, p. 262—were sold at
a price of par, and mature $1,000
Jan. 1, 1948 to
able J-J.
"
1957* Interest pay¬
■„
Bond
,
,
'
No* 4 (P.
,
•
age
bonds
Jan. 20
O],
Beaumont), Texas
drain¬
offered for sale on
v. 165, p. 263 — were
Sale'—The $350,000
—
syndicate composed
J. Wylie Harris & Co./Chas. B.
awarded to a
of
V. Christie & Co.,
Beissner & Co., Rawls
Co., all of Houston, and Walter,
White & Co., B.
Moroney,
&
Woody & Heimerdinger, of Cin¬
cinnati, at a price of 100.045, a net
interest cost of 2.844%, as fol¬
lows:
For
$111,000
maturing
Chicago, 111.:
$500,000 102nd series
until
bonds.
10 a.m. on
the
bonds,
Jan. 31 for
purchase of $285,000 school
not exceeding 3% interest.
000 treasury
bills was sold on Jan.
Dated 23, at an average yield of 0.398%.
Dated Jan. 24/1947.
These bills
Denomination $1,000. are due April 25, 1947.
These
bonds are
due Jan. 1,
QUEBEC
as
follows: $18,000 in 1949 and
4,000,000 106th series bonds.
1950, $19,000 in 1951 to 1953, $20,500,000 107th series bonds
;
//
Montreal, Que. r
000 in 1954 to 1956, $21,000 in
695,000 108th series bonds.
Sale of $80,600,000 New Bonds
1957 and 1958, $22,000 in 1959 and
1,000,000 109th series bonds.
Considered—It is understood that
1960, and $23,000 in 1961 and 1962.
2,000,000 110th series bonds.
a group
of American investment
Principal and interest payable at
2,000,000 111th series bonds.
bankers are negotiating with the
the County Treasurer's office or
fl 4,000,000 112th series bonds.
City officials toward the sale of
Dated Feb. 19,1947. These bonds
at the fiscal agency of the State $80,000,000 new Montreal bonds in
are due Aug. 26,1947.
•
in New York City. The approving the; United States/ These bonds
would replace bonds now out¬
$526,000 Clackamas County, Orer;
gon
bonds.
Dated Feb. 19, opinion of Preston, Thorgrimson, standing, .payable in U.. S. cur¬
Horowitz & Turner,v of Seattle, rency, and would have to be sold
1947. Due Feb. 24, 1948.
A/ certified before March 1, in order to call
919,000
Contra Costa County, will be furnished.
California bonds. Dated Feb.
the old bonds on their callable
check for 5% of the amount bid, is
date, which is May 1/
.V:; 19, 1947..Due Feb. 24, 1948. ;
required. "
*
f .
347,000 Fayetteville, North Caro.
,776,000 103rd series bonds.
1,000,000 104th series bonds.
2,000,000 105th series bonds.
;
'
■
Jan.;
1, 1947.
f
@FedFRASER