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Reg,tr,S. Rat. Office
Volume 163
New York,
Number 4459
N.rY., Monday, January 28, 1946
Price 60 Cents'a
Copy
General Corporation and Investment
RAILROAD
PUBLIC UTILITY
-
Affiliated Fund; Inci-Reduces Term Loan— \
; Arrearages
-<
,
'
the S6
on
corporatioii (open«erid investing company f-ponsorec} by. Lord, ",
Abbett & (?o.. Inc.) has letired $1,500,000 of its 2,/2f/i» term loan, leav¬
ing $8 000 000 still outstanding, Andrew J. Lord, President, announced ,
on Jan.: 17„ ••.•• Total assets of the company after providing for: this re»;
■■tirement, were $34,010,373,- The term loan is held by a group of banks 3
headed by J. P. Morgan & Co,, Inc.
VThe company's investment policy requires reductions of the term
loan on a sliding scale at successively higher levels In securities prices.
Under this provision $500,000 was retired in September, 1945.—V. .162, .
P. 2809.
•
This
'l
v
V
1
v
,
)l\ V',
' "*
*
r}} k
>
-
/
;
Company,
to
borrow
and
in
transfer
,
** v,
^ 'WTL'
:
-
Co.—Not to Resume Oper¬
Alaska Juneau Gold Mining
according to
from
six
to
the
issue
therefor its
stored,
hours
notes
to
each of such banks*
>
it§ respective loan.
It also proposes to apply thel
loans, together with treasury funds, to the redempoutstanding long-term debt, in the principal amount
of $24,330,000, evidenced by three series of sinking fund
debenture?.
The debentures, consist!:at 63C650,000.2^4^ series due Jan. 1, 1950, *of
59,"400,000 of the 3V2?p. series due Jan. 1, I960, and of $11,280,000 of
/
tlje 3%
series -due Jan. 1/ 1970.. The debentures; are tor be< redeemed".
such
of
Manila
calls
from
advance.
in
Sundays.
on
'
•
telephone
For
those
and
the
will
who
only
has
wish
file
to
three$12
on
1
;
been partially re¬
placed at least 24
be
must
general
a
be
..
States
calls
to
military
Manila,-Mt/will be necessary to supply the name
unit,."and his APO and serial numbers.-- "--w.;
per¬
of
the
At
of its
the
Philippine'capital to.which local service is available.
'.RESULTS FOR NOVEMBER' AND
11
■
'Period End; Novr3t)-~rr//
-
MONTHS
1945
■•19*45—Month-
ENDED
NOV,
Operating reveuuep4:--»L* 18,874,826
; ; 50,194
30
-H'Mos.—1944C
1945-
1944
V- '!■', ■S
■
$
19,161,425 216,842.492 211,096,171
'
Uncollectible oper. rev..
do not Justify a resumption of operations at \
President, declared on Jan. 22 in a statement.,
dividends, as had been reported in
lateral publications.,
•
,.i
Working capital, Mr. Norris said, is being conserved so that the
Juneau mine and the company's three smaller operations in California i-.v.
can
be,reopened when feasible. The company has small maintenance
crews at the mines and properties are In good physical /condition; •
Reduced" working ' force
at Juneau before
the. mine .was closed
slowed development; work and it is indicated that a, reserve supply
:
of ore would have;to be developed before capacity operations could
Manila
.
system
United
the
York
the'Philippine end;-, most, conversations will be-filed and com¬
pleted at a single telephone center in Manila. However, some call*
can be completed to'commercial houses,
hotels and >other buildings in
amount of
of-all
in
and
GI's
serviceman's
interest payable semi-annually, /
serial bank loan
the
all
sonnel
.
Distance' Tele-'
Long
Initially it will be limited to Manila. The cost of
Because
ations at Present—
*
but
"weekdays and $9
declaration filed with the SEC, proposes
banks; .pursuant to loan agreements,. the
a
lending
aggregate, amount of $25,000,000 at 2<?o
.
tion
/
\
*
service
In
cooperation with the Philippine
phone Co.*This service will be available to both
public,
American Gas & Electric Co.—To Borrow $25,000,000
From Banks—
*
fr*
the
3186.
p.
,
proceeds
\
at Jan. -I, :iast<: were. repoi'ted to be $63.15 per'Share •;
and $73.67Vs per share on the $7 preferred
as
162,
MIS(
-
minute; conversation, between. New
Ry.—Transfer Agent—
The Guaranty Trust Co. of New York has been appointed
j&genvfor tH*e above company's stock.—V. 144, p. 2295; f
. ^
INSURANCE
-
preferred stock
Stock.—V.
.
Alabama & Vicksburg
INDUSTRIAL
-
61,432
581,870
865,305
:
conditions
present
Oper. revenues1.....!.
A. Norris.
this time," C.
ln
denying the company had resumed
,
.
.
'•
..
This
1 1
■■yyjyf' *>■?.'?:'. i'V:
J
I
1
I
/',';
/-:
•
.
;
,
V/*.
Slock and Bond Quotations
-///'■/SK"//'/;/'//:
'■
'' \\ '''$
Net oper.
Net
-
11,758,391
126.532,421
4,006,075
•
C'-
5,469,782
66,251,255
65,646,294.
2,926,768
1,871,820
23,4-76,945-
21,307,541
123,277,031
'-1
income..
:
income
—v.
19,099,993 216,260,621 210,230,860
"18.824,632
11,891,789
expenses V^ __/
Operating taxes
'i£i$
II
y&yi'"''}
(^erfeting-
-
I&sue
III
736,391
:
259,742 .127,055,432 122,683,525
163, p. 306.; :.-,
Page
>
New York* Stock Exchange
I
resumed.
■
.
The Alaska
^upholding
mine
local union's wage demand.—V. 155/p.' 2450.
a
A.
11
to
Felix: du
members.
York.—V. 163, p. 185.,
David N. Rawson of New
Detroit Stock Exchange.
Los Angeles Stock
Philadelphia
Pittsburgh
Montreal
Exchange.........
Exchange—Curb
loss
for
Provision
Depreciation of
Depletion of
on
excess
for estimated- Federal
profits taxes—
.
income
496
-r-^
Net. profit
''Includes
•
•
i'Vf,
-
" i
•
^
L
—:—
——
excess
8444,349 r.
^
162,\pi
profits, taxes of $478,000.—V.
f
t
"
'
,
-
4
r
'V \
(
'
' "V-
'j)1
Dividends
Declared
has selected
./'■
.' ■
■
1
and
Payable.........
Rates........
Condition Statement
;
Federal
of
Statement
of
Member
Banks
:Total 'income_"___-_— ;
Depreciation——
Prov.
and
Were
payable March-11 to holders of record
disbursed in each quarter during 1945.
Feb.
13.
Like
*
amounts
,
*
.
SPECIALIST IN
/
V'
Mnnleipal Bonds
BIUNICIPAL
also
Telephone: HA-nover 2-2600
,
^
.
/O-
;
Americait-Telephbne
.
tRa^iciteiephtohe"'
according :to
the following
ENDED
DEC.
31
1944
1943
$2,197,191
1,407,165
$2,875,917'
1942
11
$1,443,960
967,422
1,371,170
.
$790,026
,
$1,504,747
2,556
$798,074
,
8,000 '
$476,538
8,048
$1,507,303
•
r
8,492
:
!
$479,382
8,00(1
6,430
550,000
$305,820
2,844
:
8,000
11,914
1,050,000
200,000
$437,389
$248,568
8,000
JJ.50,000.
:>
$233,644
,
22,813
:
>
.
:
a
on
Jan, 21 authorized the com¬
J promissory notes to help finance
cars.'./The cars are being acquired
conditional sate agreement.—V.
163,'
P-, 306.
,
•
,
z
;
Meeting Date—
the comp&hyV by-laws were amended
that the, annual meeting of stockholders shall-be" held on
the fourth:TuVsciay! in ApfiL rather than on the fourth Tuesday in
Mgrchc-V. 162. p. -2140. :
t '
.J'.' - .
At - the last' directors' meeting
v
to
/
provide
.
.
j-•
.U-f
•'
^
*•'' />-:.•=''*
'-/■-.S'.-
'•/-
,
.
^
.i.,- ' /
■•
Best Foods, Inc.—Sale of Subsidiary Proposed—
?Th'e corporation4 aSnouncedibn /lati.!23 • that/the Standard
Cbrt
to
Milling
wholly-owned Delaware subsidiary, has entered into a- contract
and 'grain "eleVatbr'/properties,, flour bra,nd names.,
a
sell -its- milling
/inventories and certain, miscellaneous Assets. ;
^iservice between the United States, and the Philippine
/i!'The purchaser is an Illinois ■ cofpardtion, formed for the purpose
Pacific; will be restored today t Jan. ,28);#/
by this company which, will operate •! bY.two of, standard, Milling . Co.'s principal officers. The contract
,
ah. announcement
■
.i
-A.
.
i
ifc.
•*-»,
'''K, .* '.v.':-"!
«.
u
NEW YORK. STOCKS; INC,-
/«
^
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*
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7
■
DIVERSIFIED
i IXV KST31 EXT
v: INDUSTRIALS
'
^
V';
*
•*'
-.
'
*
lll|
I I !\ D I
0*
'•
1
INCORPORATED
Member a
New
-
/
Bell Teletype: NY 1-573
,v...
Islands
fends,-7,000- miles across the
1~
NEW YORK 4/N. Y.
/:■■:!>
vBausclu«fe Lomb Optical Co.—Annual
,
Kobbe, Gearhart & Company
"
—
...
162, p. 2635.
-•
DEPARTMENT
Established 1922
80 BROAD STREET
V.
liiifUi# rails
qAllen&
.
i
_
:-;-:/-/ ELECTRONICS tilS/1
,
■>!'
issued
Jten.; 23
MONTHS
$672,312
profit—,
•See
& Telegraph Co.—Reopens ♦ Ra-'
diotelephoae Service to Philippines— ;
:
:
"4
:
FLORIDA & NEW JERSEY
1, 25 cents each;
Baltimore & Ohio RE.—Equipment Purchase Approved
*
''aU'V'itv
V'.V V
EIGHT
—
for Federal jtaxes
J7et
1, 19,$5, and S8,3JDO,QOO Qn-March X 1956.—V. 163, p. 306.
/
preferred stock, no par value, and a dividend of $1.75 per share on
the $7 preferred stock, no par value, both on account of accumulations
1 and June
of
-
'
cents per share on the.
to holders of record Feb. 8.
proposed recapitalization."
FOR
Interest
Banks......471
The' serial/bank loan .riotes: will mature* as follows; $1,400,000 each %
oh March 1, 1947 and 1948, $1,500,000 each on. March 1, 1949," 1950 v
ahd 1951,'$1,700,000-on March 1, 1952, $1,800,000 on March 1. 1953,
$1,900,000 on March 1, 1954, $2,000,000 on March 1, 1955 and Dec. '
^
American & Foreign Power Co., Inc.—Dividends—
the
>Profit :
——$670,180
Other income (net)--.- 5
2,132
471
notice at their respective redemption prices of 102?«,
105%}'and.106Vz% of principal amounts and in accordance-otherwise:,
with, .the- redemption provision of fthe -agreement; under• -which they
wfere issued.
The directors have declared a dividend of 81.50 per share on the $6
■
of 45
after 30 days'
:
/,
Glore,
1946, as the date of the meeting of the stock¬
15,
pany to issue $1,200,000 of series
the purchase of 50O steel hopper
•
/ -v v,:
March
consider
profit on tiales^j - $2;l25,662
Selling and.gen/exps.5^ ; 1,455,^82
Months of 1945
The company is reopening its -Shanghai office, according to* Ralph Tl 1:
Reed, President. The company expects also to reopen offices in Singa- "V
% -:/v'v
President,} oft
'The, Interstate Commerce Commission
Peiping, Tientsin, Colombo and Ceylon.—V. 163, p. 305.
stockholders.
To Vote March 15—
Gross
512
Capital Flotations for December and Twelve
American Express Co.—Reopens Shanghai Office—
pore,
dividend
a
1945
Federal ReservefSystem...
I"1
'
to
RESULTS
471
Exchange
Condition
*
statement
."Subject to completion of check with official agencies, the company
502
Combined
»
{
F.'. McCarthy,
Thomas
,
500
.1..^
The Course of Bank Clearings.......
'
S348;i9T
registration:
a
.-Statement:
,
2138;
declared
Austin, Nichols & Co., Inc.
under
::
SEC
:#'nd Sept.'I and Dec. 1, 35 cents each.—'V. 162/ p,.2266,
;
V
/
f
' 'v
#680,000 ' ■ 580,000 I"
and I
the
stock/ par $1, payable March 1
Payments in 1945 were.as follows; March
20,882
19,406
with
Redemption Calls & Sinking Fund Notices. 471
-
plantsu^i^-—344,246
—
38,168
filed
Section.._ 498
State and City Bond Offerings and Sales-
28,551 ;
339,333
• 23,061
28,974
The directors have
General Corporation and Investment News~ 360
400,338
doubtful rreeciveables_-__
has
iommon
Miscellaneous Features
$1,740,361
381,566
Addition to insurance reserve-^-———.1-
provision
1944
1845
$1,916,708
—
expenses—
oi
Associated Dry Goods Corp.—Larger Dividend—
y
holders
Reserve
•
;
...
Stock; /and -Bond, Averages..i:..
Agricultural Chemical Co. (Del.) (& Subs.)
administrative
corporation
..^common shares are to be sold for account of two
•^Torgan & Co. will, be the principal underwriter.
Transactions New York Stock Exchange
500
Transactions New York: Curb Exchange... 509
Earnings—
from operations
week
496
Foreign
6 Months to Dec, 31—
'-The
Over-the-Counter Markets................ 501
,
corresponding
a new issue of 80,000 shares of 4
Cumulative-convertible1
preferred stock and 425,000 shares of outstanding common stoch;. The
496
Toronto Stock
Stock
the
for
,
'fhlpoxcrlng
496
Toronto
Treasurer, on Jan. 22 announced
fqr redemption on March 4, next
cumulative convertible preferred ;;/'
stock, $100 par value, at $104 per share, plus accrued dividends of $1 :
per share to the redemption date. The right to convert such shares :
into common stock, at the rate of ,2M shares of common for each Ju
share of preferred
stock terminates at 3 p.m. on March 4, 1646.
The
preferred shares will be suspended from ...dealings.on the New e
York Stock Exchange before the opening of business on that date. \
'
ii,Mr.Hawlcinson 'Stated that there-were 176,880 shares of preferred ;
Stock on Dec. 31,. 1945.—V. 162, p. 2265;
:
"
V
Cross profit
General and
i si
499
Exchange....499
Curb
,
Anderson-Prichard Oil Corp.—Registers with SEC—
494
495
^i.
Exchange
Exchange
Stock
.
495
:
Exchange
Stock
under the output of 91,660,000 kwh.
r;;1945.—V. 163. p. 306.
,,■ - "■'/
v
•
1
that the company has decided to call
all the outstanding shares of
Aft.
American
■
494
St. Louis Stock Exchange...
Walter E. Hawklnson. Secretary and
;
L—
_-___-_
Montreal Stock Exchange.
-
AHis-Chalmcrs Mfg. Co.—To Redeem Pfd. Stock—i
_
Power output,of the electric properties of the company for the weeh
ending Jan. ,19. 1946, totaled 83,205,000 kwh„ a decrease of 10.16%
,
493
Exchange-^—I
Stock
Clex^eland Stock Exchange.
brother
Pont,■> Jr.,
American "Water Works & Electric Co^ Inc.—Output
•v
,
Exchahgei^*.^^-^-^--' 493
493,
Stock
Cincinnati
The stockholders on Jan; 22
from eight
if*
;
484
488
Boston Stock Exchange„-L-^_^^.
Chicago Stock Exchanged-
voted to increase the board of directors V;
The*three new members elected are:
..of the1 late Richard C. du Poht,
founder and first President of the company.
Mr. du Pont was an
original member of the Board of Directors but it signed,to enter the^
U. S. Army Air Forces.
:
"
;
•
v',.
.
>;
Harry W. Lunger, Wilmington lawyer who served as a /Major in .'/
fhe Army Air Forces during the war.
,
r- - 4,
;
f' Arthur P. Davis of New York, a former director who resigned to
permit the election of Robert M. Love as the new President of All
American, the company's by-laws requiring that the company's Presi¬
dent must be elected from members of the Board.
..■• vv-.;;r;k;
Other members of the board
are;
Allaire C. du Pont; Kalsey ft. ■jBazley; W.. Sam Carpenter, III; Frank M. Donohue; Charles W. Weiidt ;.
©f Wilmington; Beverly Howard
of Orangeburg, South Carolina and
%:?■
•
Baltimore
,
Inc.—Increases Directorate—~ 1
All American Aviation,
,
"
473
(Bonds)
*New:(York v'Curb;'-Exchange^^.
•
1944 after a War Labor Board ruling >
closed in
was
-
.
(Stocks)
.New York. Stock Exchange
;
he
York
Security
Dealert
Telephone
.
•
Philadelphia Telephone
V"<. Enterprise 6015
'/
::U\'i■
i.'.
HUGH
r
V*;-..
Bell Teletype
New York 1-570
PROSPECTUS ON"'REQUEST
-.
'! :
Association
i"* ; 45 NASSAU STREET, NEW YORK 6
REotor 2-3600
/}:
W.
; ;
43 WALL STREET
NEW YORK 5
/,
v;-<-
''"•./
f
...
LONG and COMPANY
INCORPORATED
"
634 SO. SPRING ST.
-
;' V
LOS ANGELES
w
.
THE COMMERCIAL & FINANCIAL CHRONICLE
462
*•'
,*•
.
.
*
,
1'
,n
v
,f /.'y
v
,
v/J
',K'.
ftftfttn his letter of ..resignation
Milling will change, its corporate name, The
will not be.made-for /some weeks, pending the completion of
financing arrangements, by the purchaser.
'
'
'
i' Best Poods'
self-rising cake, flour (Presto) and its 'cereal business
are not affected hy
the purchase.
;
' ;
The company's announcement said: "The sale will not only elimi¬
nate
from
the
company's operations a bulk product business and
the related commercial elevator operations, but will release for other
company purposes approximately $11 million, including company funds,
presently employed in that business."
tordvides' that Standard
.
Chesapeake
affairs
and
of
the
Ohio
in
railroad,
the
of
because
the
war
The
Special
ment
of
future
-
1
:
.
profit
objectives
me
of
which
President
as
the
C.
&
dictated
have been
O.
through
;
•
,.
QUARTERS ENDED DEC. 31
$437,599
$.33
■
;
_*s
*
.1943
$579,241$.38
•
fiscal
Interest
during its entire fiscal year ended June 30, 1946. A retro¬
adjustment has been made to give effect to the new rates in
provision
for
notes
on
for
Net
federal
for the
taxes
outstanding
scrip certificates
DEC.
be
entitled to
receive
proper proportion. of the net proceeds
of such sale, that is $1,053 for each one-fortieth of a share of pre¬
ferred stock and $1 for each one-half of a share of common stock, upon
surrender of his scrip certificates to an agent on or before Feb. 6.
(2>- Common scrip -certificates; Guardian Trust Co., Montreal;
Trust Co., Toronto; State Street Trust Co., Boston; and
Continental Bank & Trust Co., of New York, New York City.
See also V. 162. p. 2636.
stock
($1
'
,■
taxes
issued'^
'
to
The
Common
"The
net
in
'
Peters
200 shares.
31
outstanding,
800.—V.
162,
exercised at
were
acquired
On Dec.
'
stock
mon
houn
stock
common
Wallace
300
shares,
$7.50
and
income
on
Mr.
Peters
held
The
chase
The
Judge
the
915,736
2,125,210
Harold
and Mr.
the- Court
and
inc.
from
divs.
treasury
and
578,979
3,911
3,010
.
interest:
(606,034 shs.)
(Pr)
-
1,481,034
,
-
3,977
June
30,
30, .1945. and
of
1945.
cash
50ft
-Rales
ft-
^
s 1945—Month—1944
11,307,276
directors
"out
*share
of
,►.•
■
.
The
share
of
-*»
.
.
•<
"
:
,•
•
>
/
declared
have
1945
earnings"
plans
company
to
on
Igoe
principal
the
attorney
Monon
representing
Jan.
on
various
issue
close
ing
is now
of business
on
holder
Feb.
the
This
23,
close
in
$2,417,112
has
filed
for
aside
set
was
700
an
box
awarded
was
100*.06
to
1901,
mon
12
to
Curtis
interest and go Into
for the new equipment,
cars.
163,
Wertheim & Co.—
for
Jan.
22
the
next
The
be
to
30
of
John
paid
off
sale
certificates
rate
of
of
Marine
Midland
transfer agent for
to pay off the
Hancock
>
■
of
on. a
100.5673."
on
a
'
*<
'
•
Insurance
Co.
in
1941
consisted
annually.
of
Co.
of
New
shares of 4ft
The same
.
were
set
flown
crease
been appointed
his
a
aonointment
member of
as
C,
the New
k
June.
administer
the
1943,
the
over
Dividends
mines
of
Government in the coal
j^tbe
iau
1943
President." in
was
the
appointed
country
crsis of that
Until tiie mInes
by
which
year.
•
Dec.,
1942,
Secretary
had
He
been
served
-
1.000
[
Ick^s
to
seized
by
t
leave
1944
.■•'
sales
1,000
1943
<
-<
;
v-
-
-
are
of
these
and
gen.
$8,484,012 $12,324,230
23,258,265
24,400,655
certificates
issued
under
December
high
for
passenger
a
&
10,894,848
.1,651,147
new
to
as
21,655,159
3,189,201
prints sold
348,101
351,933
61.039
55,410
57,165
153,811
508,922
198,656)
7,218,053
6,813,350
*
i.*>.
******
expenses;*—1
14,228,002
1,844,208
36,060
3.316,952
;
2,621,829
330,959
39,324
28,073
:
'
384,765
ft
197,111
share,
subject
are
494,110
deductions"
income
excess
taxes
Net
approval
to
a
plus dividend.
on
the prefened stock
are
to
;
from
to
i.
New
(State
tax
and
after
r
alto
mav
Preferred
one-half
the
amount
so
computed.
is
redeemable
for
[the purposes
of
the
67,479
$1,613,632
(less
$27,#
payable
(trade),
$771,031; notes
accrued taxes, including
payable"
loan
agreement, due June 30, 1951, $6,000,000; notes payable
year ,(secured), $14.0G2; reserve for
contingencies, $264,129:
preferred convertible stock (73,300 shares, no par); $3,665,000:
,
stock
(392;987 shares,
$7,837,011; total, $27,196,349.
common
par),
no
$5,274,885;
earned
surplus,
New Preferred Stock Issue Approved—
The stockholders at a : meeting -held on Jan;
21, in lieu of. the an¬
nual meeting, apprpved by a substantial
jhajority a, proposal /to issutt
75,000 shares of $4.25 cumulative preferred stock, without
par value,
together with non-detachable warrants to purchase
initially one share
stock for each share of preferred.
They also voted to elim¬
inate from the capitalization of the
company the present $2.75 pre¬
ferred convertible stock, if and vrhen such stock
shall have been called
for redemption through the issuance-of the new
cumulative preferred,"
issue,
Corporation
provide optional sinking fund instalments in limited amounts.
stock
91,195
$1,481,580
of common
date, of
>
79,296
$1,195,191
one
$2,75
thereafter.
be
377,046
one year
(secured), $10,938;
Federal
income, excess profits and: Capital stock taxes (after
deducting $1,800,ft
000 U. S. tax notes), $325,933; Federal income taxes
withheld, $75,029;
payrolls accrued, $i,090,^729i miscellaneous (insurance, etc.)
accruals,.'
$257,181; due to outside producers and participants,
$145,438; accounts
payable (story rights) due after one year, $49,863; accounts payable
(eliminated
in
consolidation),
to; subsidiary
companies, s $886,499;;/
reserve
for foreign* taxes
(payable in foreign
currency),* $89,513;
deposits payable, $50,055; deferred income (including $4,690 advance
payments by foreign customers), $389,055; notes payable to banks
dividend
to
123,442
529,297
2,970,000
foreign)*.
—
within
optional
1946
144,796
3,645,000
(net)—
290,333
196,349.
York
stock: include provision for
mandatory annual sinking fund instalments of 15ft
of consolidated.
net" income for
the preceding fiscal year over $900,000 and up to
$1,900,000, plus 10ft of consolidated net income over $1,900,000 (not
exceeding $225,000 total sinking fund instalment for any fiscal year);
the
mandatory sinking fund instalment for. the fiscal year ending
30.
171,328
619,000
393,000
;
tax
profits
profit
producers
now
sinking fund
in registration.
"
'
-
,
•
In response to a stockholder's
inquiry the Chairman of the meetingstated that earnings for the.first six months of the
current fiscal year
SINKING FUND—Term's: of preferred
June
$5,303,851
amounts recovered from film
rentals, less reserve for
$872), $1,252,398; inventories, $16,803,204; investments in subsidiary
Companies operating in domestic territories,: $403,640;* investments in
subsidiary -companies; operating In foreign territories, $964;
sundry
receivables
(including foreign accounts of $31,021), less reserve of
$33,421, $38,762; deposits, $38,985; other investments, $259,551; fixed
assets, at cost, less reserve for depreciation of
$2,492,231, $2,277,538;
prepaid expenses (advertising, insurance*.,etc.); • $501,252;
total,
Each preferred
accrue
$5,739,618
$5,013,517
/
accounts
Record—
traffic between
$5,598,407
141,211
BALANCE SHEET AT JUNE 30, 1945
ASSETS—Cash, $3,998,029; U. S. Government obligations, $500,000;
receivable, film customers, $943,705; miscellaneous accounts
receivable, $161,230; notes receivable,* $17,090; advances to outside
an
stock at $30 a share up to Jan. 15, 1952.
first
194,050
5,653,032
principal. /•
December high when 13,614,132 pound miles of mail
the terminal, cities.
This represented a 53 ft in¬
flown in December of 1944.
The pound mile express
a
t
$10;i56,i56
18,128,525
897,501
income
Other
between
mail
*
$31,742,277 $36,724,885 $31,811,315
repairs
& adm.
Federal
Commission.
to be
•
■,r-
*
*^**—_**
accessories
Federal
,
|-
•.
uere returned to their owners
[
:
/
■
on ;
of
Income
payable Feb. '15, 1946 and payments to be
Entitled in voluntary liquidation to preference
redemption price and in involuntary liquidation to
$100 per share, plus accrued dividends in both cases.
equal
Mr.
of Donovan, Leisure,
the
quarterly
v
....
Mr." Newton
coal
O.
■■■/;•:;.; .1
.■
York law firm
Newton ti Lumbard.
In
1,000
1.000
—
$2,457,817
stock certificate will be accompanied by a non-detach¬
able warrant to purchase an equal number of shares of
ftftftftft!!;^^
was
1,000
Co.**»_.j
1,000'
(after
of production
costs
producers & particip...
subsidiary companies*;
Depreciation
under
c
Newton
&
Co.——
$1,363,706
Columbia Pictures Corp.—Preferred Stock Offered—
An underwriting group headed by Hemphill,
Noyes &
Co. and Hallgarten & Co. made a public offering Jan. 24
cumulative preferred stock.—
^
to
Other
figure is set at 4,894,970.—V, 163, p. 308.
debentures
provided that it
Carl
E. Newton
on
Jan. 22 announced that he would resign as
President of this road and that he would advise the board
of directors
his
resignation
to
become
effective
at
the annual
meeting on
April 23."
* \
'
•
•
'
,
accessories
.
to
Belling,
within
with
.
and
"Taxes—other than income^*'.**
was established in
1945, when traffic rose 64ft over the 3
month of 1944.
A total of 7,789 passengers were.car¬
ried last month with: the December, 1944 figure at
4,787. The air mail
of
to
&
Stein Bros. & Boyce****—*
Stroud ds Co., Inc.**——*
2.500
'
.
par), at $103
has
rentals
and
Maintenance
l^to-10-year basis
Airlines, Inc.—December Traffic
all-time
common
..Prior
Kidder
M.
Schwabacher & Co.*i;***;:
sidiary companies •
Income form and sales to others
Cost
corresponding
Chesapeake & Ohio Ry.—President Tenders .Resigna¬
-
Courts & Co.—*;
Amortization
of 75,000 shares of $4.25 cumulative preferred .stock (no
York
film
Shares
'and Montreal
,
2% ft
Terms
from
Shares
company has Invited bids on Feb. 6, 12 noon, for $950,000
equipment trust certificates-maturing in one to ten years to .help
finance the purchase of equipment costing
$1,275,000.—V. 163, p. 308;
Colonial
y. 163, p. 308.
tion
A.
Total
of
An
Off $5,500,000 Loan
Life
Inc.
LIABILITIES—Accounts
remaining $5,500,000 of its
Mutual
$500,000
Trust
120,000
Securities Corp.-* : 1,000
Bosworth, Chanute, Loughridge <te Co
—1,000
H. F. Boynton & Co., Inc.1,000
—***—*—
;
Chicago St. Paul Minneapolis & Omaha Ry.—To Sell
Carrier Corp.—Transfer Agent— I
ft The
Adamex
prov; for doubtful accounts):
Income from and sales to sub¬
The
coulcf be paid off at any time out of cash reserves,-—V.
163, p, 189.
-
1,250
1945
Gross
190.
163, p.
Equipments—
Holders of preferred stock convert¬
Feb. 15, 1946 will receive the
.
$7,500,000 made
at
1,250
1.250
2,500
da.Vs, according to Alfred W. Eames, President.
loan
Co
Co.
&
:.,:TNCOM®*.STATEMENT,/['YEARS.VENDER/JUNB ^
.
bid
certificates
similar
Interstate Commerce
carried
long-term loan from
&
2,00o
2,000
1,250
Hill, Richards & Co.*-*:**
-3,000
asking authority to
hearing on this purchase was
The
Emanuel
Marks & Co.;.
Rlter
3;0oo
ftftft'
308.
p.
Baker, Weeks & Harden*-.;
Parrlsh
;
—
additional petition
agreement to be dated
Feb. 1, 1946, which will provide for the issuance of an aggregate of
$6,870,000 par- amount of certificates to be secured by new standardgauge railroad equipment, estimated to cost not less than $9,176,000.
business
California Packing Corp.—To
Pay
.
Shares
&
pay
'Denomination of $1,000, registerable
p^jor to maturity.
and
ISSUANCE
These
per share dividend payable on the common stock on March
1,
These converting on and after. Feb, 16 will not receive the com¬
expects
their
•
4,000
-ft!
inclusive.
by
redeemable
by the
share of 5V* ft
prior pre¬
6hares of fully paid and non¬
dividend.—V, 163, p. 307,
This corporation
opposite
3,000
3,000
23
dividends
Chicago, 111.
Not
right of conversion will expire at the
1946.
of
15-cent
.1946.
stock
McDonald &
4,000
$458,000 on each Feb. 1,
To be guaranteed unconditionally as to par.
endorsement by the company.
To be JSsued
under the Philadelphia plan.
Dividends (Feb. 1 and Aug, 1) payable
1947
thereof each
convertible into
on
before,
or
forth
have
shares
4,000
ft
l-to-10-year certificates as 1%$.
Dated Feb. lir .1946; to be due annually
325,000 shares of new $5 par "stock
outstanding 32,500 no par shares.—V. 155,
stock.
common
set
below
75,000
common
Laurence M.
m
:;Rent$:/-'—;**
-valuei and
po,; redemption agent,/ 17th and California Sts., Denver, Colo,
stock
named
4,000
California Electric Power Co.—Calls Pfd. Stock—
assessable
amounts
for
.
ferred
shares
4,000
the
per
All of the outstanding shares of 5
convertible prior preferred
stock have been called for redemption on March
5, next, at $108.50 per
share and dividends.
Payment will be made at The International Trust
the
underwriters
4,000
Eastman, Dillon di Co-
road's trustees, told
total of $12,279,206 cash on hand,
had a
stock
a
4,000
l^tis.
—V.
option of
outstanding
paid
198,483
*' ■■
diesel
per
"
JV
year-end dividend of 15 cents
and a regular dividend, of 20 cents
a
V ':
the
options
in
warrants
at
lour
shs
out¬
1945, the corporation
the
6,000
bids received' St the /Competitive'>' sale
wefe: Salomon^ Bros.
Hutzler, 106.33 for l-to-10-yeaf certificates as lVaS and 100177 for
l-to-15-year certificates as l3/4s; Harris, Hall & Co. (Inc.), 100,1965
for
J-to-10-year certificates as l'/2s and 100.7436 for l-to-15-year
certificates as l%s.
First National Bank of Chicago offered 100.52
2180.
At
28,
to
purchase from the corporation the
preferred stock with non-detachable
,
Other
issue
the presently
notes
Shares
on^Jan.,23 offered $6,870,000 1%% equipment trust certlficates at prices ranging, from 0.85 % to 1.75 %, according
as
directors have proposed a ten-for-one stock split. This would
be effected by the authorization of an issue of
500,000 $5 par shares.
The5plan [will be submitted to stockholders at the annual meeting '
April 26.
holders of
of
&
California Cotton Mills Co.—To Split Stock—
to
sum
groupf offered
1045—12 Mos.r-1944
The
-p:
the
$2,517,000
The
terly dividends of 15 Cents each.—V. 162, p. 3068.
The
Dec.
to
pursuant
respective names:
Co., Inc.; Nashville Securities Co.; W. H. Newbold's Son
Co.; Alfred O'Gara & Co.; Patterson, Copelahd & Ken¬
dall, Inc., and Thomas & Co.
the common stock, par $15, both payable March 1 to holders
Jan. 31.
During 1945, the company paid four regular quar¬
on
record
' 75*000
1*595,447 shs.
maximum
a
purchase
1,481,034
&
10,613,991 121,565,512 118,823,743
Declares Year-End Dividend—
-ft
for
Dec, 28; 1945 the corporation
its common stock and
issued
UNDERWRITERS—The
.to maturity. Other bankers include Otis & Cot; Dempsey
& Co<; McDonald & Co.;
Mullaney, Ross & Co.; First
Cleveland Corp.; Mason, Moran & Co.; F. S. Yantis &
ftft'..
_*ft
':
$5 400 000
(Parent Company)
:
Period End. Dec. 31—,
4,
that
that
ar£ft
Outstanding
-•
75,000 shs.
agreed to
of $4.25 cumulative
Chicago & North Western Ey.—Equipment Trusts Of¬
fered—'A syndicate headed by Halsey, Stuart & Co^ Inc.,
Butler Brothers, Chicago—Sales Show Gain—
'
.
of
spend
share ;plus diyidendr accrued'10 Feb; ^4,
vVft
prior
shares
purchase.
continued, to Feb. 20.—V.
Cal¬
The Manufacturers Trust Co., New York, N. Y., has been appointed
registrar for the new $3.60 series $100 par preferred stock.—V. 163,
:
'Authorized
-
On
ft-.
Smith,
The: railroad
1946^ tlur Yedwrtption;
■■■;,,ft.'-'V^Vv?N"5
Registrar Appointed—-
.p.- 307.
provides
now
additional
•
severally
;
Michael L.
sinking fund. The expenditure of $5,500,000
Mr. Smith said, left $4,312,094 cash on
hand.
It is announced that $36,959,020 has been deposited "with The Marine
Midland Trust Co., of New York, redemption agent, for the immediate
redemption .of all outstanding shares' of preferred stock 5series- at
.
.
par)-*.1,000,000 shs.
2388.
p.
corporation
shares.
$3,956,354
shares,—V., 162, p. 668.
a
Buffalo Niagara Electric Corp.—Funds Deposited—
$105 per
date.--
A.
*
stock
5,935
* ' 3,010
2,000,000
915,736
1,926,860
509,210
.
equipment, including three streamlined trains,
locomotives, and 15 freight locomotives, and
passenger
authorized the
Calhoun
1,200
the
(excluding 457 treasury shares) therefor. After giving effect to such
dividend, the corporation held in its treasury 1,372 shares of
common stock
(excluded- above) and the options call- for; 12,115 &
$6,868
6,959
income, i
(no
agreement
ISince June
on
::
taxes oh
stock
Chicago, 111., on Jan. 23 author¬
ized this company to
pay $5,500,000 cash for new equipment.
On Dec. 12, Judge Igoe
empowered the railroad's trustees to pur¬
bought
options to purchase com¬
there were 256,776
of which
by
in
.,
standing of $8,400,000 subject to reductions and restrictions.
$3,956,354
$4,153,890
Federal
share. Of the above
a
John J.
received
,
,
loan
dividend
surplus
stock
•
2.457
Authorized—
company1 reports that in December options to purchase 1,356
shares of
H.
distribution
of its subsidiaries
6,000
(Edward G.) Budd Manufacturing Co,*—Stock Options
>
be
outstdg. under loan agreement*.
$4.25 cum. preferred stk. (no par>_^_
$70,888
par)
v
.
from
at
Notes
issued
"when
^Represented by 200,000 (no par)
(1) Preferred <scrip certificates: Guardian Trust Co., Montreal; The
Royal Trust Co., Toronto; Old Colony Trust Co., Boston; and The Chase
National Bank of the City of New York, New York City,
t
distributes
"...
proceeds
Chicago Indianapolis & Louisville Ry.—Expenditures
Royal
103
/ and
poration.
3,925,163
3,010
3,010
3.302
Total
agents are presently as follows:
:
approximately $7,390,476,
Such
net
proceeds
will
be
(a) to redeem at $53 per share (or an aggregate of
$3,847 800't
accrued dividends, all outstanding .shares of $2.75
preferred con¬
vertible stock, and
(b) to increase, the working capital of the cor-
•
'
and void.
The several
produces
v
1946^ and any scrip certificates'thereafter remaining outstanding shall
be hull
'
103 ft
.
estimated
,
3,940,956
than.Federal
Common
106
CAPITALIZATION GIVING EFFECT TO PRESENT
FINANCING
^
Undistributed
shall
.106
used
$25,725
$4,153,890
Capital
105
104
■
any theatres.'
1944'
1945
$206,621
*
receivable
Common
105
104
BUSINESS—Corporation
PURPOSE—Net
31
f'^Convertible preference stock_.._.__,2,000,000,
-
such
only his
SHEET,
hand™.;
on
Provision for Federal
Deferred income
certificates for fractional shares of voting trust certificates
l966__;i^_^._
197l>^__0
j,,
any
$0.63
Commitment for securities
Accrued taxes: [
H.—Redemption of Scrip
$106
107 ?
loo'
^
.
$127,538
$0.72
Total
having expired on. Jan. 2, 1945,' the trustees under the voting trust
agreement have sold as therein required voting trust certificates for the
number and class of shares represented by such scrip certificates out¬
any.
$144,338
LIABILITIES—
Other
of
$130,230
Prepaid and deferred charges-.,
Certificates—
.
2,975
5,909
1956^
1961
greater part of its revenues have been obtained
the United States; .Neither the,
corporation or
8,977
4,031
5,251
share—$0.65
per
Accounts
'
Brown Company, Berlin, N.
18
3,911
.
income
on
$108
:
AND
Sinking fund
Redemption
Redemption
-
the
pictures including features* westerns, serials and short sub¬
Its major efforts are directed to the. production of.
features
average about 7,000 feet in
length and about one and onequarter hours in running time. Its studios are located in
Hollywood
Calif. Corporation and its subs, distribute motion
pictures produced by
it and other motion-picture producers
throughout the world, but the*
26,715,
8,890
ft'
at
plus
CashTrt banks and
•
series due 1970 are now ready
for.delivery in exchange for temporary bonds at the City Bank Farmers
"ifrust Co., trustee, 22 William St., New York, N. Y.—-V, 162, p. 2387.
holder
taxes
8,563
instalments)'
-
which
$172,513
29,190
fund
redeemable
are
jects.
1943
-
sinking
motion
owns
payable
Fed.
BALANCE
Brooklyn Borough Gas Co.—Definitive Bonds—
Each
1944
ASSETS—
Definitive first mortgage bonds 3% ft
standing.
Thereafter
quarter
Investments
The scrip
appoint¬
completion.—
$191,261
■
income
Earnings
ended Sept. 30, 1945,
showing a net profit for that period of $796,996 or 53 cents a share.
As originally reported, the, net - profit reported for' this period was
$625,425 or 42 cents a share.—V. 162, p. 2141.
the
nearlng
are
1945
"
Provision
company
active
,
board's
$169,774
^7,053
.
income
reflects the effective tax rates applicable to the
year
O.
net.■■assets- value pet preference share as of Dec.* 31,
1945, was ,$29.25 compared with $25.56 as of June 30, 1945, and $20.74
as- of Dec. 31,
1944. -
income
The report states that as a result of the enactment of the Revenue,
of 1945 on Nov. 8, 1945, the tax provision for the second quarter of
current
&
optional
Optional
'/.
attained,, and your plans for the
merger
Administrative and general expenses
[ Taxes (other than Federal taxes on
$806,651*
$.53
-
Act
the
C.
arid
Through Jan. 14, 1951——
Thereafter through Jan. 14,
Thereafter through Jan. 14,
Thereafter" through Jan. 14,
Thereafter through Jan. 14,:
The ^indicated
Total
1944
1945
>
.
the
.
Central-Illinois Securities Corp.—Annual Report—
;
*
—*
****_*.^--*****_ftft^.ft-*-•:
■
this
do
mandatory
emergency.
Period Ended Dec. 31—
Earned, per share
I
both
sinking-fund redemption prices;
HISTORY
—
Net
that
the
-
*
■ft
consented
in
iV. 163, p. 189.
.
FOR
existed
their
-
INC. FOR SIX MONTHS ENDED DEC. 31
•ft/.ft.
1945
1944
1943
Net after expenses!,
$2,569,177 $3,276,512 $3,657,762
Provision for contingency96,786
Federal inc. & excess profits taxes ft; 1,284,582
2,070,899
1,916,9<8 ,
Net profit
'
1,284,595
'1,205,613
1.644,004|
Noj,capital shares
***i—.—'
1,500,0001
1,500,000
1,500,000
Eariied per share
*—.*•*
$.86
$.80
■
$1.09
RESULTS
partners
then
the
REDEMPTION—Shares of preferred stock
following prices: plus accrued dividends:
My former law partners have now
respective war. sendees,- and are urging that X
return, to the practice of law with them, v
ft>t ;:
•There is no longer, any-emergency in 'the affairs of the railroad,
from
returned
REPORT OP BEST POODS,
■*.
which
emergency
law
my
.
-
(including
at
"When
•
,
to
Rqbert .R. Young, Chairman of the
Mi*. Newton said im part:
in December, 1942," I agreed to accept the
presidency of the.
board,
transfer
.
Monday, January 28, 1946
§
\'v}y
i
(which
mated
year
ends June
to
be
30,
1946)
based
on
substantiality higher than
ago.—'V"; 163, p. 190.
;
,
'
preliminary figures, were esti¬
for the comparative period a
>
,
,
,
,
Commonwealth Edison Co,-—Weekly Output—
v
Electricity output of the .Commonwealth Edison group of companies,
excluding sales to other electric.utilities, for the week ended Jan. 19,
showed
7.2 ft
a
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4459
Volume 163
decrease
in 1945,. Fol¬
totals of the past lour weeks and per¬
s
'*
from the corresponding period:
lowing- are- the kwh. output
with. 1944:
centage, comparisons
^
Week Ended—
tion
1945
1944;
V
$5,151,369.
Decrease
V>\'?.2'. \
Dec.
;
6.3
7:;
202,450,000
194,310,000
9.7
•
181.199,000
3*/2% Debentures Called—
July
-
of
and
shares of
four
common
\
J
7
'•
taxes
$383,254;
deducting
deferred
U„
S.
income
Treasury
.
(unearned
rentals
«:
In
v
collected
East
'
V.
For
;
Cuneo Press,
The
its
corporation has called
value,
share
at
$105
for
share,
per
redemption
accrued
21, next, all of
preferred stock, $100
dividends
of
83
cents
per
redemption date, with fund being immediately available
for payment of the full redemption
price, including accrued dividends
to Feb. 21. 1946.—V. 162, p. 2940.
'
'
<
Dallas
*
/t/t/-'--
..ft-V
\
which,
The
announced
is
booklet,
new
a
York,"
"Serving New
National
New
published on Jan. 25. 1946 by this company.
According to Ralph
Tapscott, President, the booklet "is believed to be one of the most
Bank
in
The
complete and informative stories of Its business ever presented by An
American corporation."
It was prepared primarily for investors in
the securities of the Consolidated Edison System Companies, and will
serve as a supplement to the regular annual reports.
The booklet, which is illustrated, gives background information on
the company's development, current operations, rates and the charac¬
teristics of New York City as a market for public utility service.' -1ft
also contains 15-year financial and statistical tables.
The book points out the steps in the corporate simplification of the
system, showing that at the end of 1930 there were 18 companies in
the system, while at present there are five.
The company's gas and
electric rates have been reduced steadily and there has been brought
about a saving to customers of $42,246,800 from 1930 through
1945,
based
V.
customers'
on
163.
the
at
use
reductions
the
time
the
for
each
/Period End; Nov. 30-^
for
increase
an
from
$2
500,000
in
the authorized
shares,
share of
and
on
Jan.
outstanding.
the
(& Subs.)~^Earnings-^
1945—11 Mos.—1944
$723,650
183,896
;; $725,346
$8,149,284
$7,960,504
110,790
1,996,681
1,601,331
25,062
332,855
303,600
100,214
142,399
1,415,660
1,472,831
retirements-'_._i_
.
Fed-
income—
26,371
and
Gross
$352,939
Fed.
exc.
Net
Pfd.
and
prof,
151.630
$387,425
$3,629,665
;
;
34,385
33,859
92,942
Balance,
FUNDED
22 filed a registration statement with the SEC
for 120,000 shares 6ft cumulative convertible preferred stock, par $5,
and 120,000 shares common stock, par 10 cents per share.
•
,;<
The stock is being offered in units of one share of preferred and
share of
one
Of
on Jan.
company
the
at $5 per unit.
;
approximately $25,000 will
the purchase price of a
common
.
proceeds
payment
on
be
require—
395,980
400,919
< 254.993
$2,260,963
Consolidated Vultee Aircraft Corp.—Calls Stock—
Preferred stock
value, at $27.50 per share, plus accrued dividend of 31ft
share to the redemption date.
The right to convert such
shares into common stock, at the rate of lft.-shares of common for
each share of preferred, terminates at 3 p.m. on Feb. 28, 1946.
The Schroder Trust Co.,-New York,. N. Y„ is agent for shares pre¬
par
per
sented
for conversion
shares
may be
York
New
for
or redemption until Feb. 28;
thereafter preferred
surrendered to The Chase National Bank of ihe City of
redemption.—V.
162,
stock
Common
$235,365
$2,093,121
8,631
103,579
103,579
$226,^33' $1,989,542
$2,15,7,384
$205,'423
V
r
?
active
executive
committee
Chairman
of
the
tinue
a
member
of
the
of
this
board
Sidney J.
number
board
and
will
for consultations and advice.—V.
162,
p.
as
be
available
member
a
to
Carle
will
Steele
to
the
C.
con¬
of
Cost
sales,
selling,
admin,
(par $100)
&
Inc.
pfts.
exc.
retir.
Prop.
Net
24,262
82,251
$1,489,741
42,332
$800,461
$1,326,932
$1,532,073
5T333
9l3~420
987,779
$1,244,680
'
Net
Mi so.
invests, and misc.—^
operating
non-oper.
•
charges
33,372
-
Provi. for Fed. and State taxes
for
Reserve
possible
declines
Inventory ' valuations-',—
Reserve for contingencies.:
in
-
"-"Surplus 'for
25,000
29,968
i
150,000
year...
$227,100
$311,892
$360,922
preferred stock-—.
;
preferred stock-——preferred stock
69,654
34,827
59,540
Second
74,538
37,269
29,868
29,868
stock
.
..i
ASSETS—Cash,
for
customers'
notes
43,162
-.—i.'—
BALANCE
$810,855;
discounts
SHEET,
trade
and
1.
43,162
accounts "receivable
doubtful
accounts
of
(after
$98,497),
%,/'>.-/
EARNINGS
OF
road
/
';/
/
and
late in
Chicago.
111.,
1946.
Gross
$6,069,748
$6,549,907
$6,633,052
2,914,259
3,752,759
4,374,688
4,747,916
224,702
261,232
273,726
293,234
263,700
452.000
500,400
452,050
J79.211
338,913
59,412
$734^545
$1,062,178
$1,080,438
/■
613,127
,v
$609,427
146,049
prop-
income
said:—V.
Erie
The Commercial and Financial Chronicle (Reg. U. S. Patent
passen¬
163, p. 70.
"
$1,250,000 of Debentures—
tinental
Salle
Illinois
National
St., Chicago,
111.,
Bank
Trust
Si
Co.,
at the option of
or
$724,545;
South
231
La
Famous Players-Canadian Ltd.—To Split Stock—
$1,080,438
$1,062,178
trustee,
the holder at The National
City Bank of New York, 55 Wall St., New York, N,: Y.—V. ,162, p. 3071.
J.
Fitzgibbon,
President*
Jan.
on
22
issued
'
f
^
the. following
Ml
V<,
,
'
an¬
".'J'
t
"The board of directors have called a
'special meeting of the share¬
the company to be held in Toronto on Feb. 12. 1946 to act
a
recommendation of
thp directors to split the outstanding 430,524
25,666
^
inc.-
corporate
holders of
$489,045
$724,545
$1,062,178
$1,080,438
281,752
256,337
169,370
100.250
12,849
2,809
11,312
19,139
$465,398
$881,495
$961,049
401,406
435,540
,
"
.
to
surpl,
.
res.
net
of
inc."—
$194,443
UNDERWRITERS—The
respective
First
number of
Boston
to
.$465,398
of
names
shares
be
the
Corp.—. 23,842
no-par
ratio
shares
of
C.
Julien
»
sidiaries
in
and
Wisconsin* Co.__-__-._
9,590
The
Milwaukee
Co.._:
E.
Inc.
5,328
M.
Harold
Wood
Woodai'd^Elwood
—V. 163, p.
190.
.
of
'
common
;
•
,
stock
through^ Sub¬
located
theatres
capitalization
$653,000 of other
without
par
f
yalue.
-
Corp.-—Registers with
statement for 219,571 shares
stock, par $1.
common
company is offering 219.571 shares of its common stock to all
holders of its common stock and to the holders of certain options
3,197
for
subscription
on the basis of one share for each seven shares 01
held at the close of business Feb: 9* at a price to be filed by
3,197
common
Co.——
3.197
amendment.
Co,—-
3.197
&
-The
will be utilized for new stddio facilities, station 'site
building,, etc., for broadcasts and television; broadcasts tr
proceeds
acquired
$200,000;
director, succeeding
162, p, 3190.
of
"
or
Its
the
cor¬
The
Davison Chemical Corp.—New Director—
Semmes, retired.—V.
200
of
shares
the
transmitter
a
directly
than
first-mortgage bonds,
^he corporation .has filed a-registration
.
Morgah has been elected
■
more
in
corporation
600.000
SEO-r* /
5,328
5,328
I
<fc
*
162, p. 1390.
the
Newfoundland.
Farnsworth Television & Radio
Austin & Waggener
E.
4'/aft
mortgage debt and 430,524 shares
5,328
5,328
Co.-
Company
Waller,
•
-
companies
Canada
and
$4,653,000 of
of
authorized
controls
associated
of
stock
follows:
&
Newton &
Russ- &
•
7,458
.
Ames, Emerich & Co.,
Collins
company capital
and to increase the
province
every
—V.
the
and
as
coast
10,656
The
are
Dewar, Robertson & Pan-
Beane!—23,842;
Allyn & Co., Inc....
them
-
C.
Fenner
by
of
3-to-l,
poration stock to 1,800,000 shares."
The corporation owns, leases,: or
$525,508
underwriters
Bosworth, Chanute, lough?
ridge & Co;-—
'
& Co.; Inc.!__.____-23.842
Langley -& Co..— 23,842
Merrill Lynch, Pierce,
,
" - •
$480,089
several
purchased
Blyth
and
about
facturing
plarit
constructed
$400,000 in
at
in
Fort
Wayne,
connection
with
at
the
an
estimated
purchase of
cost
a
o!
manu-
Huntinglon,
Ind., to increase : production, ant
erection of a new engineering and administrative building at >For
Wayne; about $1,000,000 may be expended on facilities to manufac
ture additional component parts by the company.' The balance ,/>:
proceeds: will;be added ;to working capital. 1
^
° > ;;: -•
:
E. H. Rollins & Sons, Inc.,-and Eastman, Dillon & Co., are-hamet
principal underwriters.—V. 162, p. 2817.
• 4 v
John E.
V
Dayton Rubber Mfg. Co.—New Vice President—
-
Prall-has
been^appointed
Montgomery Ward
and
company.^—V.
General
&
Co.
for
Executive. *Vice-President.
26
and
years,
Manager of operations
163", p." 190.,
formerly
and
a
He
was
director
was
Vice-
of
that
Fedcral Compress & Warehouse Co.—Extra Dividenc
.
The directors
(The) Dracketf Co.-—Extra Dividend—Earnings—
excess
tax refund bonds, $111,581; deferred note maturities and
sundry accounts, $7,234; corporate stock and sundry real estate hold-
through-line
will operate between Jersy
Limited and The Midlander,
of
J.
$463,378
—A
deductions
reserves
$2,397,967; U. S. post-war
all
on
•
•
They
the
on
f
„
total Of 4,500
The. corporation has. called for redemption pn Feb. 23, 1946, «. -total
$1,250,000 4 V? ft
cumulative
convertible
income
debentures
due
May 1, 1965, at 107 and interest. Payment will be made at the Con¬
Oct. 31, '45
(after reserve
profits
.
is expected
Eversharp, Inc.—Calls
Dec. 31, '44
Int. on mortgage bonds-
President
$961,992;
locomo¬
Woodruff.
E.
R.
(par $20).
Dec. 31, '43
revs-
leased
income
Other
with
1945
receivable (current maturities), $10,760; inventories
decline in valuations of $175,000 )
for
DEC.
.:
and between Jersey City and Marion, Ohio, on the Pacific
Express
and Atlantic Express.—
Use of the locomotives will" reduce: the over-ail .schedule time of
these trains by about two hours for the
Jersey City-Chicago run, the
49,692
59,736
Common
.
.
to
$4,625,217
approp.
res.
Edwin F, A.
Third
*
the
passenger
'
trains,
be
Dividends:
First
shares
32,500
76,620
>-i"
-
of
Jersey' City
on
A.
income-:—
from
Dec. 31, '42
taxes-
operating
for
Rent
Balance
14,619,901
of
309.
p.
placed orders for seven diesel
Electro-Motive
Co.,
according
to
the
consists of
14,740,807
$776,199
Income from
stock
common
into five shares
SUMMARY
12 Months Ended—
W.
;Gross
>
of
be. changed
Operating • revenues.
Operating expenses
Taxes—other th^n Inc.-
The
J3,132,191
r
agent
Bank
has
company
with-
City, N. J.,
officers
and
general expenses
shares
2815.
Dec. 1/45
Dec. 2,'44
Nov. 27/43
$13,958,390 $15,985,488 $16,109,641
sales
163,
Delivery of the locomotives, to be used
ger
$194,443
Mr.
Craddock-Terry Shoe Corp.—Annual—
Years Ended—
3,843
32,500
162,500 shares, reducing: the par,;value thereof from'.$ 100 per share to
$20 per share, and providing that each outstanding share of common
Transfers
Net
of
Steele has
as
according
President.
transfer
National
-
authorized
Other
Resigns—
business,
company,
and
appointed
First
nouncement:
resigned as Vice Chairman of the board of directors and
Conway,
been
The
M The new diesel -will be of the three-unit
type having a
horsepower with control cabs at both ends.:
•
"
$2,800,000>
Shares
3,843
'
This
tives
f32,500
($100 par)-
has
stock.
President.
.
Operating
the
W/c) cumulative
($100
Co.
Erie RR.—Orders Seven Locomotives-
butstkndJnjfy
Shares
common
has been appointed co-transfer agent.~s-V,
I94J-
31,
Colonial Trust
'
3190.
p.
Continental Can Co., Inc.—Official
Having decided to retire from
of
AND. CAPITA3L- STOCK, *OCT.
-V-
com¬
*Bonds of other series may be issuedin amounts as restricted by
the mortgage, p tThe .stockholders at a meeting ? held Jan. 10, 1946,
adapted an
amendment to the company's charter, increasing
the
:
•
corporation has called for redemption on March 1, 1946, all its
shares of $1.25 cumulative convertible preferred stock,
without
•
;
used
outstanding
The
affiliate .of
of Electrid. *:
Attthfodzed
Flr3t.mortgage serial bonds, due 1945 to 1959
>.V ;
stock
cents
DEBT
1,151,666
8,631
^
surplus
preferred and
an
or
i
new
,
The
Electric, the
subsidiary
a
.
to make the
building;, approxi¬
mately $150,000 to purchase new and additional machinery and equip¬
ment:
$50,000 to retire a bank loan, and the balance to provide
general working capital.
•; ' ,
Underwriters are Kobbe, Gcgrhart & Co., Inc., and Newburger Si
Hauo.—V. 162, p. 2269.
.
" *"
'
r
initial
either
be
jElecttic^c: p( Electric?^Bond; ahd'ShifrdvC^
Consolidated Industries, Inc*—Registers with SEC—
The
to
$4,068,542
Electronic Corp. of America—Transfer
Agent—
.
ceased
43,31.5
,;;v;.
*
be
will? have
The
per
directors
share
Office) William
and
B
on
the
Jan.- 22 -declared
an
extra
regular quarterly dividend of
Dana Comiwnv
PnhllchArts
^^'week ??verv
95
dividend
12Vz
Park
of
five
'
and .the
cents per share
Plane
New
York
8
have declared an extra dividend of 50 cents per shar«
usual quarterly dividend of 25 cents per share cn
the commoi
stock, par $5,"both payable March i to holders of record Jan.
extra was paid during 1945.-—W 159, p. 840.
cents
N
Y
REctor.
31.
N(
2-9570.'. Herbert D. Seibert, Edi^r and Publisher:-'
William, Dana Seibert. President; William D. Riggs, Business Manager.
Published twice
Thursday
news and advertising issue) with a statistical issue on Mondavi.
Other'
offices; 135 S. La Salle St., Chicago 3, 111; (Telephone; State 0613)7 1 Drapem' Gardens
London
E C
c/o
&
Copyright 1945 by William B. Dana Company. Reentered
as second-class matter February 25, 1942, at the past office at New
York, N y. under the Act of
3
1879
Subscriptions in United States and Possessions, $26.00 per year; in Dominion of *
Canada, $27.50 per yearr Sopth and Central America, Spain, Mexico and Cuba, $29.50
per year; Great Britain, Continental Europe
(except Spain), Asia. Australia and Africa, $31.90 per year."
NOTE: On account o(
fluctuatlpns In the rates of,exchange, remittances for
foreign subscriptions and advertisements must be made in New York funds.
' ; '
*
.
$214,054
div.
—V.;.163, p.-70.'
After the 6ale of the company's common stock by
.
1,118,786
21,777
96,423^
21,77?
-
tax
income
stk.
•
$4,025,226
$3;7«1,295
13,230
surtax
v7
187,653
$400,655
deducts...
normal
1
282,862
$341,381
income
369,861-
.
4--*.j-
19,617
11.557
income
Fed.
339,928
1; *'
income
Total
26,820'
30,064:
Balance
Other
;
devel¬
costs..—S—
opment
company,-
pany
?
.
remaining
'"309/
deplet.—prov.,
eral
the underwriters by Electric.
The proceeds of such sale are to
received, by -Electric and not^ by the company, as such sale does
not represent new-financing by the company.
V•
* _/
' •-
21
share on
cents per
reduc¬
a
'
to
declared a regular quarterly dividend of
the capital stock, par $1, payable March 15
to holders of record March 1.
During 1945, the company paid four
regular quarterly dividends of 7ft cents per share.—V. 162, p. 1278.
directors
The
any
share. Two shares of the new
the old. Following the split-up
■
12»/a
of
25,165
Exploration
PURPO^E OF SALE—The stock now offered constituting all of the
presently outstanding common stock of the company, is being sold
Consolidated Gas Utilities Corp.—Dividend Increased
*4.1
per
J945—Month—194'4 '
revenues.—
Taxes/ other than
supplies local electric street railway and coach service In
Dallas and vicinity under 'non-exclusive franchises or permits
from
Dallas and several other municipalities.
In addition, the company owns and operated an air-conditioned eightstory office building.
Most of the main or street floor of this building
and adjacent property constitutes a modern terminal station,
which
the company has leased
to one interurban electric railway and to
one
interurban bus company, which in turn sublease to several other
interurban bus companies.
None of these companies is affiliated with
:,V
p. 308.
from
841,544 shares of tne $1 par-common
Company
made.-—
were
shares
$1
be
Deprec;,
22, 1917.
operating in the State of Texas, and prior to the sale of the company's
common
stock by Electric had been a subsidiary of Electric Power &
It has no subsidiaries.
Light Corp. and of Electric Bond and Share.
•
Jan. 23 approved
on
1,200,000
value to
will
Building, Dallas • 1, Texas, was incorporated in Texas,
Its charter expires Sept. 21, 1967.
It is a corporation
Sept.
to
par
Maintenance
York, N. Y.
Interurban
stock
the
Operatlng
Operation
COMPANY—Company, whose principal executive office Is located in
the
•
.
issued
was
H.
2.2
*11.4
*4,362
'.
be
{
Co., New York, N. Y.
Registrars:
Dallas, Texas and Irving Trust Co.,
Dallas,
of
,
«10,327
.
The company has no
present plan for issuance of
358,456 shares of authorized common stock,—V.
163, p.
or an
21.:
'■
will
Hanover Bank and Trust
Central
First
in
EI Paso Natural Gas Co.
(Del.)
Jan.
3,780
90,306
105,844
■
The stockholders
Corp.
competitive bidding
169,550
-
there
out¬
at
a
subsidiaries
are
as
follows
as
which
Electric Power
& ■ Light
Corp;
and
compared with the corresponding week
(in thousands of kilowatt-hours):
Light Co.,
were
Inc.
Co.,
stock
.
and
entitled
price
subsidiary
a
Services
Light
Decrease.
tion
In consequence of the
either
at
named
bid
1945
'
awarded
were
the:
Power &
common
$21,649 a share.
Two; other /bids
were received.
They were; Harriman Ripley & Co., Inc., and associates,
$21,379; and Kidder. Peabody & Co. and associates, $15,559.
7
Transfer Agents: Republic National Bank of Dallas, Dallas, Texas,
Illustrated Booklet—
that
shares
winning
corresponding week of 1945, an increase of 2.2 ft. Local distribution
of electricity amounted to 193,200,000 kwh., compared with 184,900,000
kwh, for the corresponding week of last year, an increase of, 4.5%
It
owned all of
company,
company.
cease
affiliate of Electric Power & Light
electricity generated and purchased! for the week ended Jan. 20, 1946,
amounted to 200,800,000 kwh., compared with 196,500,000 kwh. for the
<
Issues 47-Page
the parent
as
Dallas will
sale
:
-
common
/ standing stock of the
&
,,
1946 the System Inputs of client oper¬
17,
Ebasco
of
Power
v
*,
•
.
Edison Brothers Stores, Inc.—Stock
Split Voted— "l
Corp, and Blyth
Co., Inc., on
underwriting group which offered
an
stock (par $20) at $23.25 per
Proceeds will go to Electric Power & Light Corp.,
share.
electricity
Jan.,23: announced that, System output of
headed
162,500 shares of
Consolidated Edison Co. of New York, Inc.—Output—
The company on
Railway & Terminal Co.—Common Stock Of¬
23
•
2-~-
NOTE—The above figures do not Include the" system
Inputs
companies not appearing in both periods.—V. 163, p. 309.'
.
*
fered—The First Boston
Jan.
'■
Inc.—Weekly Input—
*
Connecticut River Power Co.—Partial Redemption—
The- company has called for redemption on Feb. 15, 1946, out of
monies' Inthe- sinking;fund;$385,000 of :3%^; firstmortgage sinking
fund bonds, series A, due Feb. 15, 1961. at 103 ft and interest. Payment will be made at the Old Colony Trust Co., trustee, Boston, Mass.,
or, at the option of the holders,
at the following agencies, viz: State
Street Trust Co., Boston, Mass., The Chase National Bank of the City
of New York, N. Y., and Harris Trust and Savings Bank, Chicago, III.—
since.—ys 162, p. 2640.,
American Power & Light Co._
173,330
Electric Power & Light
Corp. —79.979
National Power Si Light
Co.--—.
101,482
"
the
to
——#$o.363i
in the corresponding period
A-'>"
,
■
i/'y—Increase-^Operatlng Subsidiaries of—.J946
1945 -■
Amount
Pet.
Feb.
on
cumulative
plus
v.
Jan, 21 declared a dividend (No. 2) of $1 per share
stock, par $1, payable Feb. 28 to holders of record
distribution of like amount was made on May 15,
companies
National
Inc.—4l/2% Preferred Stock Called—
19,110 outstanding shares of 4
par
/%.>■/
DEC. 31, 1945
taxes---
on
none
American
.
,
common
MONTHS ENDED
Federal
the week ended Jan.
ating
,
the
on
initial
An
Ebasco Services
:
made
were
share
common
common
Jast year;
on
-
each
year,.,which brought the total paid
Coasf Public Service Co.—Dividend No.
11.
during
Outj?ut~~
.weekly kilowatt-hour, output of electric energy of subsidiaries of
this corporation adjusted to show general business conditions of, terri¬
tory served for the week ended Jan. 17, 1946, amounted to 246,642,896, •;
as compared with 275,092,776 for the corresponding week in 1945, a de¬
crease of 28,449,880, or 10-.34ft.---V, 163, p. 308.
The
V. 162, P. 2639.
the
Feb.
Motley will: resign as publisher of The American Maga¬
relinquish a Vice Presidency and directorship of this com¬
162, p. 1279.
after estimated
The directors
'
Feb. l to become President of Parade Publications, Inc., and
publisher of its Sunday picture supplement it was announced on <Jan.
20
by Marshall Field, owner of the newspaper property, who also
reported the sale of a sizeable block of1 stock to the new .publisher,—
cents
"This compares with 30.8 cents
per share
Arthur H;
pany
five
In 1944,r^V. 163, p. 309..
1st
;; on
•
>-
of
RESULTS FOR THREE
profits,
Earnings per
leased
zine; and
distributions
on
-
i; Net
notes
usual
$20,
May 15 and Nov. 15, last
1945.to 60 cents per share.
-
.
The
par
-stock
stock, par $1, both payable Feb. 15 to holders of record
quarterly dividend of 114 ft on the 5ft preferred
was also declared, payable on the same date.
;
.
common
1.
Extra
,
savings
the
Feb.
stock,
accounts
(after
463
on
.
total,
*
Crowell-Collier Fublishihg Co.—Official Resigns—
t
Southern Corp.—Weekly
'
•-
$81,579;
;■
March *. 1946 kt' cither the office of the, company, 72 West Adams St.,
Chicago, 111,, or at the City Bank Farmers Trust Co., conversion, agent,
22 William St., New York, N. Y.
The* $15,913,000 of debentures to be redeemed, unless converted, are
the only unconverted debentures remaining out of a total of $129,r
431,400 offered to stocknolders through subscription rights in four
blocks during 1938 and 1939.—V. 163, p. 190.,1
■
^ ••
Commonwealth &
charges,
properties), $1,500; res. for conting. $116,474; other res.,
preferred stock <par $100), $586,600; second pfd. stock,
common
stock,
no
par
value(43U61V*
shares), $43,161;'. capital
surplus, $78,566; earned surplus, $1,304,501; total, $5,151,369.—V, 161,
p. 460,
'
"
'
trustee, 38 South Dearborn St.. Chicago, 111.
amount of debentures will be convertible into
stock until the close of business at 5 p.m. on
principal
$100
'
$200,0001,
$34,253;
Bank of Chicago, successor
Each
deferred
4
,
income
from
•
1958,
1,
at- 101%
6.7
and
$15,913,000 outstanding 3 y2%
convertible debentures
have been called for redemption on March 9, 194(J
interest.. Payment will be made at The First National
entire
The
due
" ' ^
.
v
$626,487;
payable, $205,759; accrued' royalties
and expenses, $25,369; accrued payrolls and unclaimed
wages, $64,593;
employees' income taxes withheld, $69,439;: accrued property, excise
:w
212,025,000
182.767,000
;5T4.—w.-*-v«
29__
!-i.
209,649,000';
198,659,000
Jan.
$185,504),
LIABILITIES—Trade
194.567.000
Jan. 19-^-—
of
depreciation
.
_
$52; plant properties leased to others (after reserve for deprecia¬
of $13,8131, $142,863; property and equipment (after reserve for
ingS,
hS'rch
EnelSd
^eneml
EdwaSS
Smith!:
THE
464
Federated Department Stores, Inc.
Year^v.V
I
Changes Fiscal
—
;
C
FINANCJAL|CHI^
Gabriel Co.i—Capitalization Increased—
-
v
ifew7$-page publication,
A
,
pared
by the
Department.
•
'
•
•*.-%
>
-
-
,
•.,
education.
ment
-
•
(Wm.) Filene's Sons Co.—Changes Annual Meeting—
directors'/have voted to TidldVthfe annual .meeting of the stock¬
on Oct. 27, instead of the third Monday in October.
See also
.
poses.
It
and
'
to
It
is
can be used in
with charts, .pictures, of electronic
equipof the / use of electronics f or
.-educational pur* ;
a" complete
scenes
Florsheim Shoe Co.—Annual
Adequate
depreciation, Federal
-
profit
r
-
Of
..
./.J/ v.,/:..///.v
:-/v;>
<tachf
_
income
a
1943
-
1
$1,850,734
$1,888,621
896,465
269,126
137,185
396,941 *
income
charges „i.—^4
Other
federal
v "*<
C-;
taxes*
>
.;38.0?r
1676,357
.
$2,119,860
970,700
jr~~zz&
,686,008
*! 008 981
---
$944,137
705,013
799,200
$1,031,770
$1,011,360
1944
ti-.'
1
Surplus'
stock
Earns!
$2.36
$2.53
309,080
327,414
per
sluv on Class
—--
327,414
•
'
4
■
7
$1.18
81.49
■
$1.26
$1.29
tax of $144,000 in
1945,, $194,250 in .1944,
<5643,500 in 1943 and $505^700 in 1942 (less, post-war credit of $18,250
ia 1944^ $71,500 in 1943 nnd $9,300 in 1942).
tAftev deducting. $47,643 adjustment, of-prior year taxes,
♦Includes excess
profits
BALANCE SHEET, OCT. 31, 1945
*;
of
•
*
#447,938;
etc.
payrolls,
'Tv-'.-'i!
•
—
$.•.
salaries,
salesmen's
commissions,
'
$7,856,889;
of
class
stock, at
treasury
B
stock,
(class
cost
Dr$l,905,348; total, $11,629,279.—V, 161,
$2,818,535;
the
period 4rom
same
Fort
Wayne
(Ind.)
of
devices
new
production
war
Company,
the
for
contracts
company established a
to the end of
he task oi fUing
the
settlement
prior
:
•
shares
**
'*
several
of
*
'
of
It
is
A
class
common
stock
the
will
give
the
it
Cost
Of
in
VT-Loan
full
claims
and
Fort
Wayne
common,'63,091
2659.
shares),
General
its
to
:
——
T—
profit
on
sales—.:
in
the Common
five
shares
stock
of
the
at
of
rate
share
one
of
for
common
will
(discounts
earned,
——;——•
etc.-,.—..
Provision
Federal and
Federal
for
Preferred
Common
profits
to
Mr.
Froedtert
dividends
adjacent
a,
to
the
new
plant in Detroit,
0
structure,
Inventories,
market
new
as
over
priced
proper ty,
reserves
give
will
consideration
be
in
greater
demand—the
company
will
directors
present
record
Feb.
have
common
18.
This
declared
stock,
a
par
dividend
$1,
is
on
of
payable
-
—
25
"cents
per
1, to
share
holders
at
Ry,
equivalent to the 50 cents per share
paid on
FJec. 1, last, prior to the distribution on Dec. 22
of one additional
fihare for each share held on Dec.
17, 1945.
Payments of 40 cents
each were made on March 1, June 1 and
Sept. I, 1945.—V. 163, p. 192
of
company has a number of
business
requirements
being given
of
the
■
,
;
d^sir* *
were
fully
by government
up
—Wk. End. Jan. 14—
1946
1945
-
revenues——
163, p.
$41,750
agen¬
oper.
—Jan. 1 to Jan. 1#*1946
1945
$46,900
$78,600
310.
$85,550
RR.—Earnings—
1945
7 '1944'%7
1943
$1,776,053
1,563,364
expenses—
Net inc.
cost,
not
$1,749,925
1,560,742
$1,276,547
$1,443,433
1,226,220
1,106,751
excess
advances
to
$189/183
$50,327
$336,682
78,093
51,709
102,784
$102,036
$439,467
221,115
301,256
♦$119,080
$105,210
$212,689
opers.,
A
'•/
1942
income
85,120
fi-
$277,809
_——
238,387
238,703
20,000
$19,922
profit
$8,572
—
progress. $1,307;
(non-current) to sugar mills, $166,410; Cuban Government
transportation service, $124,737; capital stock in
treasury:
shares of first preferred
stock, 1,530. shares of second preferred
mail
and
2,336
stock,
and
assets,
2,323
shares
$920,267;
charges,
bond
$48,586;
of
common
'
Gulf Atlantic
'
on
withheld
contracts..-
8,971,840
The
holders
of
approximately 200,000 shares
their preemptive
/
credit
balances,
145,890
47,144
The
V/
sub-
elepted
3,687,841
31,669
79.721
%
47,009
Control, of
'
.
Alstyne,
Noel As
Co.,
has
been
this
company, manufacturers of oil
field
equipment, has
Hlnderliter,
President, said Mr. Evans, President of the
Porter Company of
Pittsburgh, acquired enough of the
24,594
outstanding shares to giVe him control.—V.
160, p.' 1736."
K.
286,536
139,375
699,986
169,210
at
100,000
Howard Industries.
740,454
994,928
3,292,599
Howard Aircraft
It
of
1,718,836
'*
"
23,429
a
this
/
p. 310.
manufacturer®
•
item
are
being geared
now
that
the
circles.
the
massager^
to
a
high level iit
"Toothmaster" is
The
retail
price. 2®
*
,
X. G» Farbenind«strie
$26,711,788 $23,442,191
division,
for
for
large public demand
-//■: /
z222,784
therein.—y. 163,
schedules
anticipation of
4,643,049
,
/
a
to operate Its
being sold outside of these- professional
$12.50.—V. 162, p. 2643.
1,658,420
v
intention of the officers and
directory
the name of this
corporation to»
February, to change
The Electric Motor Corp., of Racihe,
Wis.,
fractional horsepower motors,
is
Production
'
l,ooolooo
1,000,000
1,673,664
,;4,785,45l
meeting In
.
3,500,000
,
Corp.—Plans to Change Name—
is reported that it Is the
reported to have a backlog of
plant at fun /capacity for a full
year
without any
additional/ orders.
This division
is
again " producing:;
the Electric Gum Massager and Toothbrush
"Toothmaster," which was
originally intended as a dentist's help and created
i,foo"ooo
-151,151
.
a
orders'sufficient
2,000,000
—
fin excess of the cost of the Investment
'
York.
334,430
Earned
—
J.'
1,380,599
■
1—1
New
purchased by Thomas M. Evans.
Frank
$8,000,000
consolidated
Buckeye. Traction
Co.,
Ilinderliter Tool Co.—New Control—
34,583
customers'
Post-war and contingency reserve——
•/Minority ^stockholders' interest in, subsidiary
Total
C. Noel, partner of Van
director.™V. 163, p. 70.
2,039,077
Long-term liabilities
of
a
$7,500,000
—
assets
1J
2,361,572
——————*
liabilities*—-—J———,—*—jl—i.
■
*
*
■
income and excess profits tax
including
renegotiation, reserves in 1944—__
surplus
Richard
691,337
estimated
surplus
♦Equity in net
Ditcher Co.r
&
*
k\*
been
Federal
waive
to
Hamilton Radio Corp.—New
Director—
$26,711,788 $23,442,191
/Accrued
agreed
the'company,
principal underwriter/ is/ Allen
7"
•
etc/————
Dividend payable
have
; rights,: The /underwriter will
-receive 50,000
flve*year;/
warrants to purchase common stock at
a price to be filed
by amend¬
ment. For these warrants the
underwriter will pay the company 10
bents each or a total of
$5,000.
% ;
The net proceeds will be
available for general
corporate purposes
pending' specific appropriation of such funds
by
119,455
71,279
Transportation Co.—Registers with SEC
company has registered with the SEC
270,000 shares of com¬
stock, par $1.
>• The
price to the public will be filed
by amendmeht. The securities
are
being offered initially for a period of 15
days to present share-'
holders under preemptive
rights at a price to be filed by amendmeht.
H.
employees,
deposits, $549; current
$217,522; other deferred
The
654,685
—
from
$1;
expenses,
$8,961,924.
mon
•
payable
stock,
discount and
total,
LIABILITIES—7% first preferred non-cumulative stock
(par $100)„
$2,750,000; 5'/o
second
preferred non-cumulative stock
(par
$100),
$250,000; common stock (par
$100), $2,750,000; deficit, $142,801; 1st
mortgage 6% gold bonds, due Jan. 1, 1958,
$3,000,000; reserves, $66,*
005;
current
liabilities, $247,863;
deferred
income, $40,858;
totals
$8,961,924.—V. 161, pi 567.
*-
,
243,529
;
—
33,000
BALANCE SHEET, JUNE 30, 1945
ASSETS—Property, $7,482,545; construction work in
of
—J—
:
$267,276 '
advances
1944
charges—
r
'
■
r.—
♦Loss.
$5,641,072
.1,612,000
3,770,288
profits tax—
Canadian
ry.
19,500
,of
$3,393,856
740,566
8,897,076
-
———
in
fr.
Other income
$1.00
credit
8,911,565
!
Notes payable to
banks————-——.—_
/Capital
of
those
it
date
Guantanamo & Western
400,000
——
4,/a% -cum/ conv. preferred stock (par $50)—-—
/Common stock (par $1.00 per share)—
~
on
first quarter
with
* 6,563 r
400,000
.
reserves.
—
Accounts
soon
New Stock-*March
the
y;
to
space
Years End, June 30—
90,000
——w
LIABILITIES—
to
Fruehauf Trailer Co.*—25-Cents
The
$1,004,4*76
•
plant and equipment, at cost less
for depreciation and amortization—
Total
are
building another new unit in Milwaukee, Mr.
Froedtert said. If this is done, the annual
malting, capacity of the
company will be greatly increased as well as total grain storage capa¬
city- and trackage.—V, 162, p. 2641'.
the
and
.
plants
line
York.
Ry. oper. revenue!.-——
♦2,154,300
$548,964
for 1943.
Special' tools, dies, etc., in process of amortiz,—
Intangible assets —_—'—
running at full capacity and the entire output of its present plants is
sold into 1947.", If the outlook for the malting business continues to
be
as
favorable as it is at present—and indications are that it will
be
malt
in
Amounts
plus a large grain storage elevator and head house.
The announcement ' further adds; - ."All the company's,
and
—V.
,^,925
353,000
358,000
Post-War .refund of Federal excess
profits* tax-
4,000,000 square-feet of flbor
31,
in
stockholders
Period—
326,560
357,000
:
taxes-
——_—
:Other assets'
a
space,
better
the
which
on
.
well
will contain
fact that
York
Charges to income—
Prov. for profits & in-
1945
Advances
malt house
297,548.
.
jr. v.Tv
sidiary—not consolidated—less reserves——-
apolis.
The
New
told
Operating
of
_—
Prepaid* expenses and deferred
plant at Winona, Minn.,
and a 3V2-million bushel grain elevator in Minne¬
as
Dec.
about
.
$3,931,261
tax
—
receivable—less
Accounts
practically all materials for the structure have
been purchased and considerabls new trackage is
being installed. This
will bring' the /company's total track capacity at its Milwaukee
plants
to approximately 135 cars,
'*•«.* ,
The company already has two malt houses in
Milwaukee, on a site
ended
were
163, p. 310.
189,611
;
Cash in banks and on handU. S. Treasury bonds and hotes_:
said
7
Georgia & Florida ER.—Operating Revenues—
$5,838,626
CONSOLIDATED BALANCE SHEET, OCT. 31
process of. construction,
corporation's new malt house and grain elevator is expected* to
finished by September, in time for the new
barley crop, according
Kurtis R. Froedtert. President and Chairman of the board.
vr
*
inienas
245,461
ASSETS—'
each
this
be
kwh.,
According tovMr. Wagner, the company Is
studying the possibility of
apartment
development in small units for the
Chicago7 laker
front plot in which the
company acquired a 50% interest last
year.1—
V.
1944
$9.54
deducting in 1944 post-war and debt retirement
$322,700, of which $75,000 was applicable to 1942.
the
18r
,
2,098,976
.
•
dividends
Investment
work in
concrete
r
;■
Jan.
$9,326,500,
Total
♦After
Ready, by September—
and
ended
an
practice
1,571
State income
excess
'1 Net' profit'%
common
foundation
week
that outstanding debentures were
now
down
against $9,902,000 shown in the
report for the fiscal
year ended Sept. 30, 1945 and
$11,100,000 a year ago. Cash Is somo
$2,600,000 more than shown in the last
report, reflecting the paying
off of
practically all the mortgage on the Barbizon-Plaza
Hotel, held
by General Realty.
>
re¬
profit
Additional provision for renegotiation
Froedtert Grain & Malting Co., Inc.—New Malt House
With
in
He
to
$3,741,650
——
Provision for
Gair
the
on
New
.
$1,317,621
—
,
etc
expense,
Post-war refund of Federal excess
to Be
cies
nearly
2,651,115
•
interest
—
discounts allowed,
Minority stockholders'
interest in
subsidiary consolidated
offered'
be
income
Interest
held, both at prices to be determined later,
by the company, to its stockholders following the
effective date pf the registration statement,
E. H. Rollins & Sons Inc. is named as underwriter.
.
it
peacetime
$3,968,736
————_
administrative expenses,
and
Earnings per common share—
investment
year,
$42,107,626 $44,425,775
38,138,890
38,587,149
_
ceived,, etc.)
Inc.
three .months
fiscal
Mr; Wagner said that
absorbing all commercial
all
$1,563,083
Other
which will be bought for
company's
plots in
Net
dependable and adequate supply of kraft
linerboard and corrugating materials.
Bights to subscribe for the preferred stock at the rate of one
mare of .preferred
for each five; shares of common stock and for
'
controls; He said the
company does not propose to go ahead with new
it is able to establish what
rentals-it wilt be able to
claims^ arisinB from
have been "paid
revert
—
sales
Gross
more
a
has
t<r-
building until
terminations
and
^
Corp.—Weekly Output—
obtain.
subse¬
A■*••a*.*--*ihA•.
termination
the
company's termination
its
repay
surplus,
($100 par)
r r
INCOME ACCOUNT FOR YEARS ENDED OCT) 31
Jute
stated ; that
Santee
contract
10
■
contract termination de¬
the-Japanese conflict,
March
7: '*r'v
eventually plans to build apart¬
ments as well as
commercial buildings. Mr.
Wagner stated that new
construction is made difficult now
by uncertainties of cost and rent
31,
services,
cancelled
1,. Distribu¬
on
1944,—V. 162,
16,
year,
Commenting
Of using standard' fomnaercial short-term lines of credit.
Corrugated Paper Co.—Registers
#5,500,000 and owned by Robert Gair Co.,
armed
•!
•"
*
company's
able
.
the construction
were
manufacturers
•
Oct.
to
"iV'-'
Feb.
stock
•
When
/Net sales
of corrugated shipping containers; strkwlinerboard, has filed with the SEC a registration
statement covering' the proposed sale of a new issue of
44,072 shares
of cumulative convertible
preferred stock ($25 par), and an additional44,072: shares of common
stock
($10
par).
Proceeds, along with
#1,000,000 to be. borrowed concurrently by the company, .will be
applied to the purchase of 25,000 shares of class B common stock
($100 par) v of Gair Santee Corp.
(Del.)
which -will construct a'ncf
•operate a paperboard mill.
The other shares of Gair Santee.. porp,to be outstanding upon completion "of this
financing will be 55,000
and
-
sold
was
' ''
record
common
29 and Oct.
'"•'■■■
)
concluded
With SEC—
hoard
stock
$7.30
contracts, for
Net profit from /operations-—^
!
/.
1845.
of development
models
! in 1944 the
earned
A
p.
•
■
of
on* the
>
'
authorized,
1945
$173,112; Federal taxes on income,- estimated, $754,000;* •'
payable, bank, due in semi-annual installments of $100,000 each,'
$1,100,000; stated capital (consisting of 245,470 shares of class/ A
309,060-shares
this
1945
-
holders
Match,
stockholders were told at the recent
annual meeting,
Edmund F. Wagner,
President, said actual figures are not yet avail*
able.
For the quarter
ended Dec. 31, 1944 the
company had a net
profit of $36,485.
(
Mr. Wagner reported
that the trend of commercial rents
in Near
York is upward,
although he emphasized that the advance is at
present
limited by the state commercial
rental law, He also said that
operat*
ing costs are still rising.
*
Ordnance
experimental
to
notes
and
30,
$184,123;
accrued taxes,
ntock
during
the- exception
'compWecT
$
ionn
etc.,
stockholders
*
previous
,
payable;
bank' (chfrent " pbrtiorr), $200,000;,>,
(incl.
liability for merchandise in transit), '
INABILITIES—Notes
payable;
*
the
-
of
Detroit
-
.
Oct.
On
received
2?nPS^ViaP„7f eaoi?L atSk "(SSSi^i.TJhaeLt
,
share.
successfully
WtltUMwu
.
the
/....
...
Earnings for the
.
partment to handle the supervision of all factory and accounting
procedures ne<mssary -fpr the filing^ ahdr collection of claims arising
out of terminated
war
production contracts. * This department has
•
accounts
profits
:; Early
.
and Treasury
$11,639,279.
*
Oct. 31,
on
of
the
company's
quent to VJ-Day.
$2,703,097; U. S. Treasury certificates of indebted¬
bills, at cost, $2,099,948; excess profits tax refund 7
bonds, $94,456; accounts -receivable (inch $115,141 current accounts
of
affiliated companies), less reserve $895,202;
merchandise inventories:
tories/ $3,677,695; investment^ advances, .etc., $1,064,253; due from
investments,
employees for purchase of class A shares of company's g^pital stock,
capital stock,
$25,215; company's capital ^toqk. (class A), purchased: f«,Tesa^^^
for resale<4o
employees (175 shares), at cost,. $4,500; fixed assets, at cost (after 1/
depreciation of $501,093), $1,046,826; deferred charges, $18,086* - total, i'•
U4.
1945
24,
to
made
General Realty & Utilities
Co.—Earnings Steady—
t
year, 1944
With
ASSETS—Cash,
ness
Oct.
on
15
were
electric output of'this
corporation for the
1946-
the company and its domestic subsidiary for the
have been reviewed by the District Price Adjustment
District.
An agreement. has been reached
with the District Board, subject to approval by the War
Department
Price Adjustment
Board, which provides for a clearance, without
refund, of the 'company's 1944 fiscal year profits.
The company
considers it unlikely that any repayment will be necessary as a result
.of .the renegotiation of its 1945 war contracts.
7',"^7;,
fiscal
$2?58
309,060
-i—
stock:
B
236,293
Board,
shares—.
held
Feb.
15, last year, and on
.
..pre*
amounted to 127,351,964
kwh., a decrease of 1,690,523
1.3%', from the corresponding week of
1945.—V. 163, p. 310.
'
trenching machines,
increased
$7.68
to
The
$233,600
236,293
shr.fon class
Earns, per
Class B *
$211,932
$144,937
245,470
$303,968
182,379
A * shares.._____i-
Class
lists the tech*
and
declared
Gencra-l Public Utilities
The
cranes,
$50. per
par
standing
798,170
799,428.
>
V
16
.
During the past fiscal year consolidated working capital Increased
by $5,559,939 to reach a total of $10,537,846.
Equity value per share
for
each -of
the
1,000,000 shares ' of common * stock presently, out¬
;
•
•
'
■"
a. group
of investment bankers at a price to the company of
per share.
The proceeds were used to purchase the company's.
interest in The Buckeye Traction Ditcher Co. and for general cor¬
porate purposes. ,
'
•
-7
.
Net profit
Dividends 1 paid-:
*.
$50.75
$2,025,805
i, 23,336
,1,108", 600
6.1".630,145
$1;7fonn?
'
-
to
,
Total
"
June
2392.
p..
for 1945 after provision for
$548,963, compared with $1,004,477
'
usual
ferred, stock, ' payable
net Income
was
the
and
integrate
meeting
a
stock,
$1,233,680
$1,326,404
—
of
and
which
At
-J-nT. '-v
radio
a dividend
of,25 cents per share
stock, payable March 12 to holders of record
Feb, 25
quarterly dividend of ',$1.50 per share on
ihe
common
tions bf '25- cents each
fiscal
among other things, an increase in the capital stock by the addition
thereto 'of 70,000 shares of 4cumulative convertible
preferred
'
the
*
surface material spreaders, power
road finegraders. and
tractor attachments all
favox*ably with Gar Wood's line of trhck arid
mounted equipment. .
shovels
$3,460,919
1,57.2,298
of the
163, p. 310.
Advertising Co.-—Dividends—
The directors on Jen.
Jan. 18,
the
profits .taxes
*
distribution
'
1942
$3,500,478
1,649,744
••
Operating. profit
Other income
1944
/
ago.
tractor
$3,937,397
1,703,718
1,526,574
—
*
.
31
1945
■
for
Consolidated
excess
*
year
of
$2,852,978
Gross profit
Operating expenses
General Outdoor
During October, 1945, the company purchased 18,803.6 shares of
the common stock of The Buckeye Traction Ditcher Co. 'constituting
approximately 94# of the outstanding capital stock pf that, company^
The purchase price was $2,256,432.
The peacetime business of The
Buckeye .Traction Ditcher Co. consists of the manufacture, sale and
'
-v//;,
'
and
'
"
n
INCOME- ACCOUNT. YEARS ENDED OCT.
A
$3,601,777.
was
production.
,
Bassett./President,
A:
Consolidated-net* sales
-
the greater part of the fiscal year company continued to
manufacture large quantities of shoes, for the. armed forces.
Shortly
J>lUMUl«t,VU»y
4V..Qafter V-J Day, the ""wmmpnt contracts were all terminated.
ihe government
„ —
How
«ver, company was allowed to complete shoes in-process and *
/er,
was
' * by Oct.' 1
~
11 government contracts had been shipped: complete.
This has enabled HAC company •;,-»- •—,»r
enauieu
the
to increase its civilian production
Cottar itncitinn
to take care of
considerably and It is now in a much- better position to take care of
its customers' requirements.■/ The demand for company's shoes con¬
tinues to be very great-and every effort is being made to increase
During
.
4-page booklet oh the personal plane
radio, AS-IB, has been
the Transmitter Division of the
company's Electronics
iThevbooklet describes the features
and
Report—
adjustment for ,1945 has been made as the company does mot* consider
its profits to have been excessive during,this period., During the 1944
fiscal year consolidated net profit computed, on a comparable basis
received through. the Issuance of", a
semi-annual installments of $100,000
$1,400,000, from'funds
7-year Inote maturing in 14
new
nical specifications of the unit.—V.
said in part:
year ended Oct. 31, 1945 were
$42,107,626, a decrease of $2,318,149 under the previous fiscal year.
Consolidated net. profit for 1945 fiscal year before provision for income
and*excess profits taxes was $1,263,963.
No-'"provision* for renegotiation
"•
■
"*"•"
balance,
'
on
Gar Wood Industries, Inc.—Annual
*
avail*
the
Glen
per share cn 245,470 shares of. class A common
share on 309,060.shares of class B common stook.
In January, 1945, company purchased, a block of 63,091 shares of
the class A/common stock for: a. cash
consideration of $1,905,348,
which is on a basis of $30.20 per share.
Of .the purchase .price,
thp
$505,348 was. paid from the company's. current cash funds,and the
company's- current uctot. *
....
were $2.36
and $1.18 per
bibliography of publications
.
^
'
earnings
;»tock
■
■
.
,
.
includes
announced by
Department.
:
loan,! $3*000,000 will be used to pay off mortgage bonds
and $4,00,000 will be lpaned to Gair San tee Corp., a subsidiary, which
*. plans construction of a paper mill.—V. 163, p. 192.
'
per share • on. the presently
oh.
per share *+rt/>V the presently
»nd
•Jfe.l;49V2
.99
to' $2.99
equivalent
was
*
;
i
j.
This
outstanding 182,379 shares of .class - A common u stock and $1,491/2
per
share on the" presently outstanding 309/060 shares of class B
common
stock, as compared to the previous fiscal, year when the
A
offered
publicly by underwriters headed by Ladepburg, Thalmann.Si Co., and Lazard Freres" & Co.,; both of New/York/
The proceeds'would be'used, together, with other funds, to provide
$2,000,000 of new equity capital the company must raise in order to
obtain a $10,000,000 loan from two bands...
^
'
Report— v
$1,008,981.
Operations for the year resulted in a profit'of
provision has been made for doubtful accounts,
hm
v
taxes- on income and other taxes.
also
Personal Plane Radio Booklet
Issued—
,
be
Education, has been pre¬
,company.'s Electronics
the
illustrated
actual
able; to educators.
The' company has registered with the SEC.'410,481 shares of; ($1 pay)
stock. The'company, will offer common stockholders the
right
buy one share for each thre'e shares now held. Shares hot sub-
scribed for will
;
Inc. above.—V. 163, p. 70,
..
Stock—j
common
The
holders
Federated Department Stores,
Gair Co;, Inc.—Registers Common,
(Robert)
,
for
Division. of
,
•
.
Electronics
Transmitter
The booklet describes the ways in which electronics
(•
v.;
..
Gcneyal Electric ^0.—Announces Booklet-
;
<
stockholders, at a special meeting held on Jen. 21, approved a
proposal to authorize the issuance of 120,000 shares of 5% cumulative
convertible preferred shares, and to increase the authorized common
stock from 300,000 to 500,000 shares.
Currently the company has 299,129 shares of common'stock outstanding.—V; 163, p
309.
.
Monday, January 28, 194#
.
The
: %:'!%; ;
v
The directors have amended -.the 'by-laws'of .the corporation to pro¬
vide that beginning with 1946 its fiscal year will end on the Satur¬
day nearest to July 31 instead of from one ending .on July 31.. Tlje
directors
of -the -corporation's subsidiary- companies
also voted to
change their fiscal years.—-V.. 163, p..309„ ' «
•'♦v y
*'
•
1
1
A ;.JV
.^r.r
f
'« '7<,
1 1
0 \i'
"yv«~ V*»;•». V- ,f "*r lif'f Via" '
•
COMMERCIALJ&
-r/
An
/-./-Jv ■;% ''%////
r
////;//■'///%//%:■;:.'"•
Aktieng/esellschaft (I. G. Dyes)—*
Trading in Stocks Banned
stated
■././;
on
Munich Mart—
-
Associated Press dispatch from
Frankfurt, Germany, on
that thq Munich Stock Exchange has
banned
all
Jart,
21
trading
ili
163;
Volume
A'-A'-AYY'YY'';'
Number 4459
465
THE COMMERCIAL & FINANCIAL CHRONICLE
sold.
The ban on sales in Michigan, the
results from the provisions of the State's
•
company,
,
S
Illinois Central RR.—Bond Issue
•*
Stocknoldcrs
of
at
' property
"due
of
to. held
to 1953,
•'''
plan aooroved
Up
The
the
of
solution
due
A; no
the
of
they
as
authorized the issuance
open-end mortgage on
meet, indebtedness falling
■'■■■< "■ "
the
to
directors
road's
v
•
dend
sale
Guaranty Trust Co.: of New York has been appointed transfer
New York for common and preferred stock series A and
transfer agent for 4% leased line stock.—V* 163, p. 31t.'AAY;YYYKY.
on
Light Co.—Registers With SEC—
Jan. 18 tiled a resistratloK statement with
shares of cumulative preferred stock, par
filed by amendment. The stock will be
tlngent
compensation
\--
will
be
sold
for
cash
at
date,
$105
1946.
34,298
' 36,002.
$16,937
4,742
$82,599
10,477
Income
$12,195
$72,122
•w^pllyrowned subsidiary of F. L. Jacobs Co.—V. 162,
9,900
charges (net)__.
i
ir„m
Prov.
for
Fed.
taxes
C.
Net income1 £
pjt Y.Y:YYY 'T'Y'a:
A
100,940
_
Y 100,940
$0.63
$0.10
"Equal to expenses on
charges.—V. 162, p. 458.
Included
products
post-war
income
under
Offering Sets Record
subscribed.
Corp.—Report—Change in Di¬
?
:'
the largest
distribution
,
1945 at the annual meeting
This is equivalent to $4.56 per Share
and compares with $112,327 or $1.12 per share earned in 1944.
•
Institutional Securities is wholly owned by the mutual savings banks
Net income of $456,281 was reported for
-
«„anr
Corporation,
rectors-
organized
to
car,
""
ever
,
Kaiser
drh'e^ A
front-wheel
a'
body
styles
from
The
than
and
time
also
may
Kaiser.*
:
-
A
:
when
we>e
sold in New York Citw by
MacDonald
Vice President
be
A
W
of
automobiles and Graham-Pa'ge farm
as well as retail sales of the new
Ralph B. Rogers, President,
Frazer
Broadway
salesrooms,
V
'
- •
recommending dealers for Ka'ser
and for Graham-Paige farm
equipment in this territory.
'
'
'
' '
In
addition
to
tne
live
New York City Counties—covering
Man¬
hattan, Bronx, Brooklyn, Queens and Staten Island—the new com¬
pany
will distribute cars and farm equipment in the Counties of
Dutchess, Sullivan, Putnam, Orange, Rockland, Westchester, Nassau,
to add
produce
corporation;;: expects
to
time
other
names
the
M
The
and
.
with
wUl
20
Sn?
14 New York Counties,
at
car
stated.
,
additional
Jan
on
Site
distribution
equipment in
i
automobiles under
.
,
Regional Motor Sales Corp. was recently formed by the Rogers
&
Aircraft
Corp. of New York expressly for the purnose of
The
handling
'
Is
currently
servicing approximately
$31,000,000 of
bank-owned mortgages in addition to those held for its own
Motor^
Reeional
Diesel
.
Institutional
manufacturing
^InT^fa^Y
the oublic
unveUed
> the
v
savings
and $1,annually
•
•'
Annniir>r<»fl~Cars Unveiled—
Atrpnr»v
Nput Vnrlr
•
sedan
graduated scale for the first two years,
a
square feet.
1
.
.
on
and assembly buildings at Willow Run. along with the adm n'strgt'on^
building, commissary, power pla;nt, training building: and oth?r struc-*
f- tures exclusive of the airplane hangars and landing field. The anuroxlmate manufacturing area to be occupied by the company is 2,650,000
underwriters..
A-aYAAAAYa-
is
1949, the-
of the plant
for
•
"
31,
Dec.
then will be entitled to continue occupancy
The lease arrangement calls for rental of the main
'
-
YY-pald,;--.-v,'."-:A-
Corp.
paying $500,000 for 1946, $850,000 for 1947
each year thereafter,, Rental will be $1,200,000
for the additional years provided under the option.
Of
such
funds, it .is estimated that approximately
$18,000,000 will be expended for machinery and equipment, tools,
Y AyOf New York States and serves them in the servicing of mortgages
dies, jigs and fixtures at-the company's plant at Willow Run, Mich.;
;0pt¥&Ti$ In the management, sale, appraisal and inspection of real estate; A machinery, equipment and tools for the: proposed - Pacific' Coast assemthrough the sale of its debentures to the savings banks, it provides an ; blyA,plantAand. for icxpenses;:.
$1% opportunity for investment- of savings banks' funds in FHA-insured
balance of such funds will be available for working capital and for
mortgages on a nation-wide basis and in other mortgages not readily
general corporate
purposes
which may include the installation
of
accessible to individual banks, Ai*. •
■
additional assembly lines at Willow Run, the expansion of operations
Total assets at the year-end were $36,173,055, represented principally ;
at Willow Run to include the manufacture-of certain component parts
by Investments in mortgages and Government bonds.
Debentures outof the "Kaiser" car initially being purchased from suppliers, the
Standing and. held by savings banks amounted to $15,000,000, and
development and assembly of additional body styles and the estab¬
surplus and undivided profits of $503,905.
v
lishment of a Canadian subsidiary to engage in the assembly of auto¬
Total income of $1,628,350 was reported, of which $1,185,534 was
mobiles in Canada and their distribution in Canada and other foreign
operating income and $442,816. profit on sales of securities. Operating
countries.
'
expenses
were
$419,881, interest on loans and debentures $550,567,
The first ,modei-of • the ""Kaiser." a prototype Of which is' being
and taxes $201,622.
Dividends of $49,943 or 50 cents per share.; were
exhibited in New York this week, will be a six-passenger four-door
'
-
six
extended
company
200,000
field, will add the proceeds of this financing to cash on hand from
the. initial offering of 1,700,000 shares last September, by the same
President.
on Jan.
17, the term of
months through June 30, 1951.
was granted an option to renew
signatures
affiXed
c
p
was
RentM5 QfUr^p^nt
A the
1945, for the production and
be marketed "in the lower-priced
August,
"Kaiser"
the
of
in
origination
equity
common
American market.
R
lease
time Kaiser-Frazer
same
pdor to
The sale of the stock it is stated, constitutes
®
the
and
original
the
company
managers
Ki-mrnhf
by August Ihlefeld,
ration
the
At
share by ptis & Co._and First California Co. as
and Allen & Co. The issue was quickly over¬
•per
probably
Institutional Securities
:
-
"
in Equity Financing—Public offering was made Jan. 23
of 1,800,000 shares Of common stock (par $1), at $20.25
$64,122
$14,305
100,940
$0.14
$10,095
share.
per
2,110
______
£&
Shares outstanding
A Earnings
3193^ '
p.
-A.
the Reconstruction
continue occupancy
of the huge Willow Run plant for 10 years, according to a joint
statement issued Jan. 17 by Henry J. Kaiser, Chairman, and Joseph
W. Frazer, President. The term of the original lease ran from Nov.
1, 1945, to Dec. 31, 1950.
1 Under the new
agreement, which became effective when the corpo-
-
Kaiser-Frazer Corp.—New Stock
8,000
______
in reserve for conting
"Reduce.
-
being
were
...
xnis corpi
This corporation has Sighed an agreement with
Finance Corporation under which the former may
M.
•
that Kaiser cars
indicated
exhibit
the
a
i-
,
and
income
for contingencies
reserve
!
on
••
$10,095
-
at
Willow Run Lease Extended—
^
■
.
at
record
two-to-one ratio to Frazer units,
The price situation
remained unchanged and unsolved, with guesses ranging from Kaiser
cars at $1,100 to $1,200 and Frazer units at $1,350 to $1,400.- _
cars at
Jacobs, President, on Jan. 22 announced Yhat Joseph H.
Vice-President and Chairman of the* executive committee of
Rex.
H.
fo/inko r<A
JaCyps 1/0.—1WO JNew Directors—
America."
largest automobile company in
fourth
Sales
bought
163, p.
-
1
^ ^n,, „ 70fl
-
*i? .t v
/P
i. i
Briggs,
.
.
the
L
Byllesby & Co., inc., investment bankers, and C. E. Sorenson,
Vice-President of the Jacobs company, have been elected directors.
s- Mr.
Sorenson is in charge of the Continental Die Casting Corp,
a
amendment.—V.
stock
A'.".Orders were booked for more than 3,700 of Kaiser, and rrazer
automobiles at the exhibit in the Hotel Waldorf-Astoria which opened
Jan, 20 and closed Jan. 24. Joseph W. Frazer, President, stated that
more
than 155,000 persons had viewed the products.
■ >
"We now have close to $54,000,000 in cash and Government securi¬
ties and are amply financed for our expansion on the West Coast,"
Mr. Frazed commented,
"In five months we have, I believe, become
.
v
share, plus accrued dividends to the redemption
The names of the underwriters will be filed by
194.
per
April .1,
'
were
A"t° Show Brings 8,700 Orders
(
,
underwriters and-the proceeds ap¬
redemption of the unexchanged pre-
the
stock
new
Commissioner,
the stock costs $20.25
auto company's stock
....
the
to
the
the
selling
Indiana
in
Kenneth Weddle, Indiana Securities
by
in 100-share lots. A Inasmuch as
order limits purchase of the new
those
"The
—
offer
securities
of
24
Jan.
it only
share,
a
rate. The company proposes to offer the new preferred in ex¬
change for old preferred on a share for share basis with cash adjust¬
ment. Any of the new preferred not issued pursuant to the exchange
1943
•
sell
/to
is to refinance its outstanding 11,300 shares of 7%
shares of 6%:' cumulative preferred stocks at a lower divi¬
32,554
reserve).
aA-'AA,\'vYrYY.v' Y:Y'-Y;':Yaa A-V„V" .YaaY Y,!. YY
Y a
Y
•
Underwriters
■'A
for
$19,995
21,072
;
production;
ordered
to
purpose
38,700
ferred
-
Y.
the
offered
$1,092,089
A; 954,915
18,573
"
issues subsequent to the
than 20 times the cor¬
Kaiser-Frazier Corp. has not as yet gone
The
Indiana Limits Stock Sale—
.
$1,115,361
:; 1,043,561
20,565
.
$893,566
Yf, 819,945
vCost of goods soid,
into
Divi-
$100.
be
plied with treasury funds to
1944
1945
Y
Sales.
was
reported,
earnings.
poration's
dend
in
Quarters Ended Dec. 31—
-
issue
Sky laws, which requires that stock
Initial financing must not amount to more
Blue
by the company i at competitive
~
The
Illinois Zinc Co. (& Subs.)—Earnings—
;
will
rate
and
The
'agent
company
for 50,000
SEC
Ya'aYa-Y ,Y Y'vY"a a''
Appointed—•
The
Mr.
nearly
totals
and
initial
the
Association
Press
spending at least $2,025.
definitely is a speculation
so far,'V said Mr. Weddle.
Therefore
"In fact, the prospectus describing it plainly says so.
*<;.* We'll limit the sale to those who can afford to take the risk.
./
<
m,
,
„
Iowa Power &
.
Tei'in&nced,
be
to
which
Machine Co., Southern Kraft Paper Co. and Southern Kraft
Timberlands. Corp.—V, 163, p. 311. .A Y
'V\,<
Montague
may
s
Y 6
Johnston declared,
$125,000,000. He said
planned to pay off immediately $53,115,000 of cer- 1
underlying non-callable bonds due in 1950-52,- i J
subsidiaries.
debt
1950-55,
Transfer Agent
■
time
to
small
funded
between
issue was
new
tain
time
several
the
of
Most
falls
from
money to the plan than he, or his heirs,
accrued "interest. The plan provides various
more
plus
It
.
new
A-A;.,?;;* ,
authorized
stockholders
by
.
determine:1 Wayne A.
Johnston, President, said the original plan to redeem on May 1, 1946,
'the roads $35,001,000 of refunding mortgages would not be possible
because of corporate
structure changes involving purchase and dis¬
bonds
issue
from
methods under which a member upon retirement may pro¬
vide for a beneficiary who survives him.
■ v
-/,
AAA:
A
A
•/
Employes of the International Paper Company and its subsidiaries
in
military service are considered as still employed by the company
for the purposes of the plan and are eligible to participate in it Just
as
though their service with the company were uninterrupted.
V
/ Employes of the following companies are eligible for membership
in the plan: International Paper Co., Bagpak, Inc., George & Sherrard
,"••Pager Co., (only for service since October, 1927), I. P,;Container Corp.,
International
Envelope Corp.; International Records Corp., Interna¬
tional Paper Sales Co., Inc. tonly employes at offices in the U. S.),
optional
Authorized—
company
contribute
receive
will
17,
meeting Jan.
bonds under a
special
a
worth
$180,000,000
.company
,
months
three
past
member
a
which almost doubled in price during the
despite the United States Military Government s
break-up of the giant industrial concern.
A ;;
The move was taken by German brokers in apparent anticipation
of a, similar ban by the military government.—V, 163, p. 309. .
;
this
of
.stocks
Suffolk
account, as well as its sales and appraisal activities.
During the
The
corporation's principal place- of business is the Willow Run
year it
acquired $2,850,000 FHA Title VI loans substantially repre¬
plant, which has been leased lrom the Reconstruction Finance Corsented by single-family dwelling units and made loans totaling S4,250,A poration.; Production there, in addition to the corporation's models,
000 on large New York City properties.
v >
Y
will
include
automobiles
produced
by Graham-Paige Motors Corp.,
"A : Robert MA Catharine, President of. the Savings Banksi Association
which
was
identified
with
the -organization
of
the
corporation.
of the State of New York and President of the Dollar Savings Bank,
Graham-Paige expects to produce an automobile to be known as the
has been appointed to the board of directors; and Francis S. Ban¬
"Frazer," which will be marketed in the medium-priced field.
croft, First. Vice-President of the Excelsior Savings Bank:
William
The corporation's immediate program calls for the installation of two
,
j
firm
new
Frazer
cars
and
is
in
selecting
the
Ulster.
and
York
New
area,
'
1
.
.
•
Y In addition
Frazer tractor which Grahamother farm implements
to be manufactured by the company, the new sales organization
will
handle distribution of the Rototiller, the versatile and1 revolutionary
tiller which prepares soil for immediate planting, Mr. MacDonald said.
—V. 163, p. 312.
A :■
" ■'
aYaYYa^;YayYYaYY
Paige
A
A
County Savings Bank, and Herbert C. Wing, President of the Elmira
Savings Bank, Elmira, N. Y., as directors.—-V. 162, p. 2516.
notice
Regarding
ment
•
certificate
the
to
from
received
corporation
this
incorporation
of
would
be
that
filed
1946, pursuant to which a split-uD will be effected in the
no par value, by the distribution on Jan.
28, 1946, of
to holders of each share of record Jan. 16, 1946.
of
A-
on
Jan.
bonds
16,
(scrip
to
be
issued
V
Jan.
on
;
position
of
Completion
lumber
the
and
ar«
alphabetical
alphabetical
possible.
(Including Affiliated
Companies).
A^First: California Co.„_j_v
1
Y
Other
L,-- '
1
Allen &
income
Depreciation
two hew plant facilities for kiln drying of cedar
building of cedar panels at its Smyrna, Tenn. lumber
.
»
10,242
.
...
.
.
..
..
^
40,000
248,910
$440,478
$457,992
Y
A
A—
'
Balance
.
Earned
.
,
A 429,214
349,061
._T
*42
122,026
stock.
>
296,000
.
A
>
222,000
'&'<v
.
.
"H;
normal and surtax, and
taxes
Dividends paid on common
425
expenses___^l_-_;i_.^_^__._A_„uA-Yi-l,---
Advances, for travel
expected to assist
Canadian
profits tax—U. S. A. companies—.:
A Net income
•
-
total
.
Excess
A ' A
104,559
.
-
Prov. for Federal taxes,
$12,039,461
8,021,995
int.
U. S. Treasury. ctfs. of. indebtedness--i-at cost and accr.
Account Teceivable from RFC^^_i-:
v—i
$1,258,183
AA
Interest'
SHEET/NOVA 30, 1943
•Cash
-
1944
"
$1,187,332
70,851
79,682
$934,097
675,000 shs.
450,000 shs.
■
A-
«:i;
$854,416
Gross incom£ from operations.
several
!
,
1945
G75,0u0 shs.
?: BALANCE
Facilities
Y
;
;
underwriters and the
be purchased by: them,' are as follows:
the
of
names
the increase in production of cedar'chests
Automoblles and equipmeht, at 'cost—AA-i12,040
by tlie corporation's Caswell-Runyan Division.
'
,
,s.
...
Adolplv H. Schenkel, General Manager of the Division, ^ald that the
"
_
.
.
'
1
a.
.
additional Smyrna units are expected to be ready by April 1 to take . "A A. xytH1 -r—>.
-----_• 5_u,ubi,rbz
LIABILITIESover all drying and paneling operations for the Huntington, Ind., plant,
Account payable to Graham-Paige Motors Corp. for alio"
freeing space and some employees at the latter for transfer to other
cated expenses:- and other
$252,855
—.Y-A—
expanding departments. - Y A ,
; ■ :u AAj-vA/
YYYvYAY
A Other accounts .pdykble. and *provisi6ris_AA_^A._jA__AA_™UAA :
184,680
In addition to cedar chests, the-Division "produces "sewfng cabinets,
A Payrolls A—-AAA—
1___A—Y—A——A
29,422
radio cabinets and other items,, and has a plywood plant; in nearby
mill
as
6 Months Ended Dec. 31—
laURUlS AI1UCU UVV. Ji—
ASSETS—
International Detrola Corp.—Increases Plant
is not always
it
(Julius) Kayser & Co.—Earnings—
.
.
.
respective number, of shares to
194. V.AA
29, 1946, shall be ex said distribution.—V.163, p.
stock.
uvvbtfc.
UNDERWRITERS—The
for fractional sharest, the New York Stock Exchange on Jan A
18 directed that Exchange contracts In the corporation's capital stock
!
preferred
or
Y*
—
capital stock
additional
share
reasons
..
amend-
an
mechanical
NOTE—"For
-
YI
i
*
various
possible to arrange companies in exact
However, they} are always as near
mately 1,500 cars per day.
■- v
It is expected that commercial production of the "Kaiser" car will
begin in about four months.
•
Giving effect to this financing thie. corporation's outstanding capi¬
talization will consist of 4,000,000 shares of common stock, with no
International Business Machines Corp.—Stock Distrib?
'
new
and
market,
to
order.
.
ution—
distributing the
:
President of the New
York Savings Bank and Albert W..-;
assembly lines, each having an estimated capacity of approximately
Hooke, President of the Oneida County Savings Bank of Rome, N. Y., A 375 cars on an eight-hour shift, on which both the Kaiser car and
have been elected to succeed Randolph H. Brownell, President of the
the Frazer car will be assembled.
The presently planned production
Union Square Savings Bank; Joseph Upton, President of the Queens
of these two lines on a 16-hour working day would thus be approxi¬
Green,
A
to
preparing
is
•
.
.
per
share__—:
figures do
$144,478
—
$235,992
$1.19
X——
$1.21:
include earnings of Julius • Kayser
(Aust.) Pty, Ltd. or Kayser-Bondor, Ltd. of England.—V, 163, p. 312.
.NOTE—Above
.
not
"
/•
A
Y'
Goshen, Ind.—V. 163, p. 194.1.1^
Payroll taxes AAAYAYAYY--AYYA_tA-Y-'i--—^-^iAAAA-AA^
Common stock (par $1)_—Y—A_A—-
A 2.200,000
Harvester Co.—New Vice President-— A . i'A,Capital"surplusAAA—l-AY-AAA^A;AAAYAAAAYAAiAYAAAA_—X-; i7,828,80Q
K Farned surplu$A^AA»-AAw^AA3rjA--AAAA'-«LAAAAYAA-^-Aw.«»' A';*429,819
Y 1 Lt. Gen. Levin H. Campbell has been elected a Vice President; He was
formerly :Chief of Ordnance of the U. S. Ariny.—V. 163,* p. 3HA A ,*
A
Total
Y International
:
Y International Paper Co.—Adopts Retirement Plan— :
-
Plan
Retirement
the company nearly $6,000,000 to provide benefits for
The plan • covers all full time employes at least
Y'30 years old with five years or more of continuous service, and will
r>
which
[A past
be
in
will
Jan; 21- announced the adoption of an Employes'
for its employes and those of its U. S. subsidiaries
cost
to
old age'benefits
A;; Under the plan the company will bear the entire cost of benefits for
work prior to Feb. 1, 1946, and w'll share with its employes the cost
.of benefits for service -after that date. In . addition to the-$6,000,000 J
provided by the company for past service benefits, present • estimates'
indicate, that the cost of future serv'ce benefits will be shared ap;A proximately 60% by the company and 40% by the employes, A A
The company has established a trust fund- with the Bankers Trust'
>■
Co., New York, as Trustee to hold and manage all funds of the plan, i
Tlie
company
has already deposited $1.5Q0.00Q in this fund ta be
augmented by annual payments from the. company and by regular
contributions from emplpyes. A Retirement Board composed-of' seven
•employes of the company and its subsidiaries appointed by the.board
of directors will administer the plan.
;
A
..
S
.
Parttcipat'on in the plan
is entirely
voluntary. Starting Feb.
employes will contribute 2!/4% of their pay up to $3,000
of their pay above $3,000 up to $15,000 a year.
a
1,
year
who
eligible for retirement
A benefits'at the age of 65 years or as early as 55 years if they have
been with the company for 20 years or more. Although several options
are
provided, the norma1 benefits under the plan for employes Who
'retire at 65 years are regularly monthly payments computed on the
Employes
basis
of
number
are
of
members
years
of
the
of service
plan
and
are
rate
of
pay.*
;
j
The plan includes prov'sions which assure members or .their heirs
the return of all their own contributions plus interest. In no case will
has
directed
been
to
the
issuance
ofA
of
statement.-
AA "The
1
-•A
"A'Y: A.AAAY;Y'
.A.
is, not
of-'
1933 either .to approve or disapprove the. price at which any -security •
is publicly offered.
Consequently the statement referred to is inac¬
curate.
Moreover, the' Commission under this act does not have the'
Commission
empowered
under
the
Securities
Act
.
to
power
"It
that
is
pass
upon
unlawful
the
the merits of
under the
Commission
has
any
Securities
in
issue
Act
to
securities.
make any representation
of
being offered at $20 per share,
any
way
passed
3y(G.
A-;
.
R.) Kinney Co., Inc.
12 Months Ended Dec.
sales
Stores
A Factory
-
pate
in
the
sale
of
the
new
and Michigan
issue
stock
of
public subscription Jan. 23.
According to the Associated
Press,
Ohio
disclosed
unable to partici-v
which was offered for
were
Assistant Director of the
that Otis & Co. had with¬
stock after the division had
asked for further information to show whether the new automobile
company's financial condition had improved sufficiently to warrant.
Athe increase in price of the new shares as compared with.; that at
drawn
State
its
Securities
application
Division
to
register
the
the
»
imIoh
A
Y $
—
—
—
——
,
6494885
-7,269,403 ^6.494,885
AY-A$31,079,244 $28,625,610
sales
sales—2,891,809
2,630,191
—A $28,187,435
$25,995,419
operating expenses——AAA 26,384,534
48,353
24,366,152
54,195
inter-company
sales
Net
Cost
and
sales
of
charges
-~~
charges ;<:(net)___——-•—:—r-
Interest
.
Miscellaneous
Depreciation
for
Prov.
and
Net
Credit
amortization—------------
Federal taxes on income
Ohio and Michigan Bar New Stock Sale—
in the States of Ohio
31—
:
(& Subs.)—Earnings—
———
sales
Total
A Less:
upon
-.
a
163, p. 194.
gto working capital.—V.
.
the merits of, or
given approval to, the securities registered with it.
The primary
object of that act is to protect investors by requiring full and accurate
disclosure of all material facts concerning securities publicly offered
for sale."
'-A -v"
AA
AAA-. ;A\ A,
Dealers
4X%
attention
dispatch which states that the Commission had approved the
$20.25. per share for the common v stock of Kaiser-Frazer
Corp. offered to the public on Jan. 23 under an effective registration^
press
1946
and
Commission's
"The
a
price
under Federal Social Security.
.
■
*
service alone.
addition
Kebbori, McCormick & Co., Chicago, is offering 17,000
6% cumulative preferred shares ($20 par) and 34,000
v common shares of the company.
The preferred stock is
and the common stock at
Y$6 per share. Other dealers in the underwriting group
YAA-AA>Y--Y^YYYi-Al,l-iAA^A-AY;lAA-.AAY.^A-A':.$20I084,162 ' I are: Bacon, Whipple & Co., Farwell, Chapman & Co.
Deficit.
I and The Milwaukee Co.
Y SEC Lacks Right of Approval—The Securities and Ex¬ t$The company and its subsidiaries are engaged in the processing and
Pmarketing of salted nuts through "Double Kay Nut Shops" located in
change Commission issued the following statement:
over 8,000 retail stores.
The proceeds of this financing will be added
•
'
-;AA; The "company on
headed by ;
Kelling, Nut Co.—Stock Offered—A group
■
A A A -18,225
A-i
income
representing excess of
on
life
insurance
render value
Appro, to reserve foi
A
contingencies
general contin^ncies.--,
A
-'Net; income wj.—,
,
-
840,000
l,0J2,uuu
;■-.
$486,180,
.
450,000
.
fn,.
213,505
n~0.nnn
_
$959,826
——
,.acor,ro
■._
principal amount
over cash sur-
_—___.
'
35,38?
225,507
$509,826
——:
receiv.
Tntftl
Total
(est.)——
Crl2,785
A
/
$486,180
450,000
$503,826
$486,180
THE COMMERCIAL & FINANCIAL CHRONICLE
466
—-
Accounts
Prepaid
Cash
Managers'
.
insurance-,-,.
life
deposits
and
employees •
payments (contra
less deprec. & amortization—-,—
security
bond
Fixed assets,
1,307,586;
34,451
1,220.464
3'
<"
$350,000
:
Notes
payable
Dividends
Accrued
——
131,275
663,022
miscellaneous liabUitiesi__-__---v
•
notes
notes
A
Series
B
3 Vz %
maturing
notes
1947-53
maturing
.
.
Bond payments
Marine
►
.
The
stock (no pari,
preferred stock (no par-)—-—;.
Common stock ($1 par)-,—————,
r-h-
,
?■
;
50,000
;
'■7;
—„
—
57,000
*
1945
1,074,530
The
$7,990,783
surplus restricted at Dec. 31, 1945, as to the pay¬
ment of dividends, etc., under the terms of the loan agreement is
approximately $275,000.
tCumulatlve dividends unpaid $117% per
ahare on 1,^37 shares at Dec. 31, 1945<,
.
,
- , .
J
$8,926,316
directors
23
Jan.
on
of
of
the
at
or
the. stock
the
in
market
of
value
%
,
'
J
\
"
*
j,
Washington.
amounted
deposits
Its
/
f
held
is
by 967 stockholders
British Columbia.—v,
residing
161, p. 882.
in
>
»
_
!v
V.
1095.
161, p.
"
Laclede Gas
first
v
:
'
,
Light Co.-^Definitive Bonds^
,
*,
Twice
1
the
on
holders of
to
$3
preference
record
Jan.
stock,
no
value,
par
This is at the same
15.
rate
was
in preceding quarters. Arrearages after payment of the current divldend will umoupt to ,$2 pervehare^-ryi 162,;p,/ 2517.
;
\
> •
McCrory Stores Corp.—Transfer Agent—
'
increase
/
►
$6,000,OOCk 3%%
for
agent
cumulative
number
;
1
•'
Installation of $500,000 in new manufacturing,,
added.—V.
'
195.
163, p.
Federal
;V.'Three new directors
The
During the present month to date, two more producers have been ;
completed in Pratt County, Kansas, Col. Barton said.—V. 162, p. 2819.
nental
•
•
Liquidometer Corp.—Gauge Anti-Trust Action—
filing
on
Jan.
15
-r
the
Southern District of New York of a civil complaint charging
corporation with violation of the Sherman Anti-trust Act through
cartel
of
agreements
for the
gauges
•
'
in
connection
measurement
of
with
the
liquids
<
manufacture *
:
in
gasoline tanks
and other containers used in airplanes, ships and for other
/
purposes.
It
is alleged in
the complaint that this corporation entered into
;
such
agreements
with Societe d'Etudes Simmonds, a French com¬
i,
pany, and with Simmonds Development Corp., Ltd., an English com.
agreements are alleged to have divided the world into ;
separate non-competitive territories rspectivly allocated to each
the three cartel participants as an exclusive area for the manu-rt\
These
pany.
/
members
new
Supply Co.,
Dallas,
Manager of
General
and
William
are
Tex.;
*
163,
■■
';^v& 4.
•
;
■)
$21,15^,332 $21,198,308 $86,829,825 $84,907,885
1
'
,
,
45,599,920
t8,478,202
t4,303,047
11,329.670
11,488,870
tCrl,173,152
2,520,394
1,108,802"
,
t
'
44,143,150
11,970,518
7 4,440,673
!7V''■/«/''''7 <
'
..
'
"
v'>
1,440,562
,
'
,
6,478,862
$4,609,886 $21,211,130 $17,874,682
$8,087,168
revenues.-
oper.
5,796,964
1,629,556
.
Net
:
Rent from lease of plants
5
•
7
w-t *4 10 CO o
5,617
4.810
(net)
'
22,; to: fill":
income--—
income
19,782
Net
fvr
^
♦Pid.
to
divs.
Portion
6.140,322
.
to
public
$9,092,088"
$9,729,742
5.054,281
5,246,379
$4,037,807
1.304,303
8806,675 '.
to
V
$2,611,448
1,193,878
8,288,796
12,319,578
2,040.579
;
S2,0C0,553
applic.
$4,483,363
I-
$1,307,145
nn-
interests.—7-
nority
.
$4,652,027 $21,411,666 $18,018,538
public,
deductions-^.,.,/.".
•/'Balance
G53
S
598
.,2-210 ../:/'.;
:
Net
Henry L. Hammack, Kansas City, Mo.: Kay Kimbell, Fort Worth, and Marvin D. Adams, Miami, Fla; Mr. Hammack
and Judge James A. Elkins were named to the finance committee to
equity
of
1.574
■//■■?
in
co.
■/'(
•
'
income of
Net
$1,306,547
$4,035,597
$4,481,789
yyyyyy^y':
S803.022
$1,306,547
S4,035,597
$4,481,789
480
.301
2,426
657
$806,502
$1,306,848
&
Light Co.—
equity (as above)..'
-
A.-Peterson
$806,022
subs....-_
National Power
Randolph and Mr. Houston.
r
- > »
of St7 Louis, a member of the "M-K-T staff," for
many years,; has been appointed Assistant Secretary.—V. 163, pi- 74.
,
48,898
88,140,875
Balance
the
Mr.
interest
etc.,
Morris, Chairman of the ContiWilliam N. Thornton, Vice President
J.
$4,615,503 $21,222,710 $17,894,464
36,524
188,956
124.074
$8,091,977
(nett
income
.Gross
.
tlve committee by
John
to
new
1945—12 Mos.—1944
1944
3 Mos.-
-
'
Gther taxesi^;77-yy.-j,
1920,4077
Amort., of
dec.
plant"...
"
r
^ acquis;; adjustments;^,
s 432,166
Property retirement re- /
*
'
serve
appropriations.
1,397,870
Longhorn Portland Cement Co., San
Antonio, Tex.; and Richard C. Muckerman, V .ce President "of' the City
Ice & Fuel Co., St
Louis, Mo. They succeed Lewis E. Pierson, banker;
Frank Houston,
Chairman of' the board of the Chemical Bank &
-Trust Co;, and Francis F. Randolph, Chairman and President of
T|iContinental Corp,, all from New York, n. y. :
;
J r ;
r - ; • ■ i
The three retiring directors were succeeded on the railroad's execu-
succeed
/
The
-Prentice.—V.
seven.
S.
/
named Jo^he; board/ on
were
vacancies caused by resignations. ;
.
sale
1945
*
taxes—..
Missouri-Kansas-Tcxas RR.—Three New Directors, etc.
company completed seven producing wells in December, J9A5,>
y
according to an announcement on* Jan. 22 by Col. T. H," Barter), Presiy
dent, Six of the wells were in Kansas and one was in Louisiana. ^
•
from
Bemon
5
Operating revenues-,Operating expenses
processing,and devel¬
nine
:/:' f
Period End. Oct. 31—
Other
C6.—Completes t More Wells—
and
-
"Subsidiaries-—
Minneapolis-Honeywell Regulator^Diyisidn lito
Complete Purchase of $500,000 in Equipment in 1940—
,
to
Browne
v.- ./■
■
'
directors
G.
National Power & Light Co. (& Subs.)—Earnings-rr
.
Operating
and
-
\
;
of
Gilbert
are
:./■-
has' beeh appointcdi transfer
convertible preferred stock;—■
"
313.
international
V \
1
properties, in April and Dedispute and Ward's refusal to
defunct War Labor Board, contending
J-f P/K>'{
*
The
r
^
Ward
labor
a
final
no
the
nominees
The Guaranty' Trust Uo/ Of NeV York
"
this
seized
The stockholders
y
■■
in
of
5. 1945, refused to
the properties had
and
'V
paid
"
-
S.
Government
p. 315,
the
in December, 1944.
under executive order
National Bond & Share Corp.—To Increase Board—
will meet on Feb. 18 to approve a proposal
payable
as
"
Attorney General Tom C. Clark announced
seizure
illegal. The Circuit Court of Appeals
r}'t\-■V-v''t'**-'■
^••>,•5-.;-fMiftVi-'V/r-;
Mutual Benefit Life Insurance Go., Newark, N J.—
!*■■?
■>
' v
opment equipment,'started in 1945, will be completed this year, accord¬
the loan, If-deemed.-necessary, the company has
ing to Henry F. Dever, President of Brown Instrument Co.; Philadelphia,
received from a New York bank a commitment to lend the company
industrial instrument division of Minneapolis-Honeywell Regulator Co.
within one ^
During the past year, said Mr. Dever, the company acquired and in44,
4^*V
v*«w • f UtM
V*
V
—A-'
V**V
w*«
*-'VWV»(,
VMV
~
year.from Jan, n, 1946 the.sum of V4)Vyv,uvv at 2,%"in-.
$1,500,000
1
terest. The new, loan, if the company exercises its option, will ma- c stalled $250,000 in new and modern machine tool eqiupmeht, constituttpre on Jan. 31, 1956 and will be payable in equal semi-annual ihstaliing, he added, part of the recently. announced overall expansion plan
inents from the date of borrowing. A commitment commission at the
of the entire Honeywell organization. - The Philadelphia division will
rate of % of 1%
per annum will be paid during the period of option.
retain additional branch sites, acquired during the war yedrs, it was
,
U.
properties
the
was
advisory and not legally binding. ,
. , .
legal determination of validity of the se'zure in
Judge Sullivan, in ..entering the dismissal order, told
Government and company attorneys: "Now you are back where you
started from.'V-V. 163, p. 196,
There
pany funds.
In order to replace
Lion Oil
The
the
eitbei* case
A dividend of 73 cents per share has been declared on account.of
;
accumulations
Feb.
The corporation has given, notice to the Equitable Life/Assurance
Society of the United States that on Feb. 13, 1946 it will pay off the
balance of its $1,500,000 12-year 3% % note maturing on April 1, 1956.
The payment of the balance due,
*$1,375,000, will be made from com¬
—V. 163.' p.
him.
held
cembpr, 1944, :as
result of
abide, by orders of the now
.
^
'
Ward
-
Lake Shore Mines, LtcU-^Production—
Bryant, Inc.—-Refunding of Note*—
of
Roosevelt
1
mortgage
The company announces that for the three months ended Dec. 31,
1945, its mill treated 90,135 tons of dry ore, recovering $1,404,097,
including premium.-*-V; 162,^ P^ 46Q.j «•
* **«-*
Lane
.
,
The stockholders t>n Jan. 29, will vote on a proposed amendment to
company's charter to permlt it to do a multiple-Une business as
provided by thevlllassachusetts Jaws. %
Changes in Personnel—
While the. board of directors may not decide immediately to engage
The directors on/Jan. 21 elected Wi'Paul Stlllman to the new office
in all of the additional kinds of insurance, T. J. Falvey, President,
of Chairman of the board, chief executive head. In the company.
J
stated to stockholders that the management believes it desirable that %
John S. Thompson, Vice-President of the company .since 1977 and
the proposed amendments to the company's charter and articles of /« a director for the last five
years, was elected President.
Edward E,
organization be adopted so that the company may be eauipped to
Rhodes, First Vice-Preddent, who has been with Mutual Benefit for
write such business whenever the board of directors determines that
60 years, was elected Honorary Chairman.
Milo W. Wilder, Jr., Viceit is wise to undertake it. He added that the board of directors h^s
President and Treasurer, was elected a member of the board.
}
already decided to issue personal property floater policies and has va resolution calling for the preparation and presentation to directors
authorized the issuance of such policies.—V. 157, p. 555.
of a program providing for the retirement of Mutijal Benefit officers
and employees at the age of 65 was adopted at the meeting.-'—V. 138,
Maytag Co.—75-Cent Preference Dividend—
^rr'fA '
;
.
..
A
and in camouflage paints -can
to make run-proof Stock-
Supreme Court on Nov.
rule, stating the question was "moot" because
been returned tq the company October 18.
Massachusetts Bonding & Insurance Co.—To Broaden
3%% bonds due 1965 are now available
at -the office of the; Mississippi Valley Trust Co.,; trustee, St. Louis,
Mo. or at the option of the holder, at Bakers Trust Co.,
16 Wall
St., New York City, for delivery in exchange for temporary bonds.—
V. 162, p. 3644.
i
Definitive
late President
reversed
-
the
,
seizure
Judge Sullivan originally
Its Charter—
,
,
large-scale molding metheds.
new
diffuse light
8.
the
,
Koppers Co.—Sells Alan Wood Holdings—
.
plaints by
used. to
to
the Government
i
,
sold its' entire holdings of V common .stock of;
Alan
consisting of lio,000 shares, or 55% of total
outstanding,' it was announced on Jan. 23. The stock has been purchased by interests, already identified with the Steel company. The
consideration was not disclosed,
,
'1
;
V": , >
.' , j
v
The Koppers Co. representatives on the Alan Wood hoard of direqtors, Stanley N. Brown and John B. Black, have resigned, and Harlston •
R. Wood was elected to the board to fill one of the vacancies.—
■
; they iwera merely
see .United Air
company has;
Wood Steel Co.,
,
Judge Philip L. Sullivan has dismissed, on order of the
Supreme Court, the celebrated suit of the United States versus
Montgomery Ward & Co. which sought to determine the validity of
,
•
The
Expansion—
.
Federal
^ U.
'
(Glenn L.) Martin Co,—Receives Large OrderLines, Inc., below.—V. 103, p. 195.
"
i
-
,
Montgomery Ward & Co., Inc.—Court Dismisses Suit
at
^
_
as
pliability and
on
verge
imparting to
well as such desirable qualities
excellent resistance to abvasion,'
.'to Establish Legality of.Plant Seizures—
■,rf
The remaining
States, Alaska and
42
•
grain,
the
,
described as
was
take the shine off serge suits and
ing»,-=-V. 163,'p. 314.
.
*
,
stock is owned by 3,969 residents of that State.
stock
*
.
,
$430,150,369
to
smooth
house wall
material
be used
«•
of - the - corporatlbri^fa tne iNafipttal Bank
which operates 25 offices throughout western
of Seattle,
and
wartime
close of
-of its
*•
dividend of
.
<
"•
fine
a
reduced to
,
v. Three hundred uses have been found for an injection-molded plastic ;
.developed during the war, Mr. Band said.
Surgical instrument han¬
dles, anesthetizing tubes and baby bottles will be revolutionized.
A
:
bullet-proof material developed for flak suits can be used in refrigera¬
tors
the year, an increase of over $90,000,000 during the year.
The Marine Bancorporation is a Washington corporation and 87,4%
by the payment ,of $2 per . share.—
wiped out on Jan.! 15, this year,
J
according to
assets,
.
leatner
disease has
.
"Exan/'
as
The company will spend
$75,000,000 by 1950 on a development prograin, according to William McNear Rand. President.
.: >'
and its subsidiaries-lor f thfl: year
the rate of $5.09 per share. Con¬
is equivalent to $47.70 per share,
corporation,
$1,840,370.
which plant
To Spend $75 Million
;
quarterly dividend of 3dd
record Jan. 19, Andrew /
Dividend—
declared the usual quarterly
3074.
regular
tree,
identified
tightness, firmness,
water an<J wear,-
Output-
principal suosiaiary
Commerce
$1.25 per share on the $5 prior preferred stock, no par value, payable
Feb.. 25 to holders of record Feb; 8.
Arrearages on this issue were
V. 162, p.
to
book -value;
|/and central
of
Declares $1.25 Preferred
the
stockholders
to
exclusive of appreciation
? the company's auditors.
of
,L•
amounted
solidated
82,141
1,058,438
-,
i
64,650
202,576
M.jg
^
,
profits of this
Net
3,268,750
<
Capital surplus
Earned:-surplus
The
declared
Feb.
chestnut
as
»
Price, President, announced on Jan. 17.
Total dividends paid in 1945
amounted to $506,321 (30(i per share each quarter, mi a special of
\20p on Dec. 20).
'
'
\
210,000
210,000
fi' 67,000
f' 450,000
3,272,350
461,850
—
$8
♦The amount
.sole
-
.
Total
have
payable
the
vThe: product,
Bancorporation—Regular Dividend—Earnings
directors
share,
per
-1
r
<$5 prior preferred
.
from
X-ZExX
34,451
r
r-^/national extinction.
output of this company foi' the week ended Jan. 19, 1946,
totaled 25,534,000 kwh„ as compared with 29,894,000 kwh. for the cor¬
responding week last, year, a decrease of 14.6%.—'V- 163, p. 313./
; j
,930,000
,
_
-Develops New Leather^Treat-
> The company on" Jan. 16" announced a synthetic tanning chemical
,for sole leather,1 believed far superior to the natural product extracted ';
,
.1f
Louisville Gas & Electric Co, (Ky.)—Weekly
3~3~9Q0
31,822
;/
(contra)——^---7--—---t-
-Contingencies
-
,
;
Restoration
General
ing Material—
J ?
-
.
r
Electric
War
inventory. Price decline- ----——r.T-—r.
of manufacturing facilities.—.--
Future
'
------
.Reserve for contingencies:
/
V:
.£.*■%>:''Y-'}
609~120
j
*128,000
lS53-60r-r^^-i_---w-
deposits 4? employees'
.
Monsanto Chemical Go.
;
redemption on March 1, next, $1,900,000
of first mortgage 5%
bonds, series A, due Jan.'l, 1969, at 103 ana
Interest. Haymeqt w 11 be made at the of -i^f o„ DUon, Bead & Co.,- 28
JJassau St., New York* N, Y;—V. 162, p; 3194.' v ;
*.'"V '
V
•-
//
serial debentures
Manager's security
,
The company has called for
945,665
<"82,000
413,733
*590,000
maturing 3rl & 9-1. 1946^-—-Prov. rfor Federal taxes on'income (net)------
iSeries
•
•
the
of
'
76,000
1, 1945--
serial debentures maturing Jan.
3Va%
Series A
7-:::,.
.
payable
payable
and
'
lease
present
second
Louisiana & Arkansas Ry,-—Partial Redemption-^
$7,990,783
$8,926,316
Total
Accounts
p. 3075.
the
'finance
.3
31.822
% '■
r
Lasts, patterns, dies, trademarks & goodwill--;
.
328,5)01
r-
of
program through the outright purchase
machinery and- equipment,; In addition, the commitment for the
$1,000,000 will place the company in a position to readily
additional purchases of machinery and equipment to meet a
still further expansion of its business which
may occur withm Jthe
next 18 months.-r-V.
162, p. 3077.
;•
is
exercised
204,079
p
—
value
it
$1,213,330
344,524
4.645,931
'?£, co?
^ -K
■
expenses
surrender
war
'
receivable
Merchandise
Options—/', ;:/-
reported that Nichoals.M. Schenck, President, in December
options to purchase 45,000 common shares, equivalent to
15,000 shares under the original option, for a total of $600,000;
Under
the option agreement, dated Dec. 12, 1940, with Mr. Schenck, provision
is made -against dilution and he is thus entitled to receive two addi¬
tional shares for one purchased because of the recent three-for-one
stock split.
On Jan, 2:he is reported to have held options for 42,288
Shares, equivalent to 14,096 shares originally under option.—V.
162,
•'•..•"1944
1945
$2,624,469
• 317,263
<■>>'*
Cash
.Exercise of Stock
DSP- 31
CONSOLIDATED BALANCE SHEET,
ASSETS—
Monday, January 28, 1946
nation
Other income
—..
three
of
facture
gauges
It
was
would
that
sale
and
and
of
related
agreed that
manufacture
each
would
a
variety
of important types of measurement •
products." According to the complaint
the cartel
sell gauges outside of. its own
territory, and
the steps, necessary to prevent outsiders from-
or
take
of the three companies involved in
partners^ ®auges ^°hl Jits own territory into the territory of its cartel.
Wendell
Berge,
Assistant
Attorney General
trust Division, characterized the
complaint
as
Sherman
Act.
respective
was
made
ferred
to
relating
.
*
all
would
.
and future patents and technical
he stated, "the territorial division
to
-patents."
Mr.
Berge
Monroe,
temporarily suspended with. respect to countries
German
army.
tracts have
Since .liberation
been
of
the
be
cancelled
used
cartel—V.
in
158, p.
with
its
operations
as
a
term
at
Incorporated—Earnings—
.'Weeks' 'Ended—'/,
Company's share operating profit-after
sidiaries' preferred dividends
Reserve for contingencies
Reserve
for depreciation
11-22-45
.
LL
Company's share profit before Fed. taxes....
Reserve. for Federal taxes
816,830,
$7,316,863
2,983,240
$7,030,831'..
1,000.000
812,675,
$5,218,156
Per
sharer—common
which
leases
the
company
stock
..."
'17'
$4,333,623
2,339.914
$2,878,242
'
$0,86
.
3.826
1,086
income
Balance,
1
.
..
.
$710,650
tax.
,
surplui---
'
2,300
,7,889
$1,210,516
$3,663,857
•
3,300
/ ■
n;
$707,350
•
$4,129,234
$3,671,746
$1,213,816
,
■
53,000
$4,076,234
respective periods whether
-
„
is
tion
of
$0.57/
on
thereof
other, assets
of
pany
the
,
no
-
5%
of
the
per annum
payable
on
notes
w.lll
■
interest
etc., deductions-.;
Federal Income tax
Int.,
balances from .time to time
•
aggregate face amount of ail notes issued, to-wit: TJ/2%
years and.,l''c thereof thereafter. The. com¬
qr in
"Net income—
—V.
for the first three
shall have the. right to pay. the notes in whole
Other.' taxes__—
of 13,284,057
is
the
of the company's net sales, which¬
is greater.
opinion of the
.\y--
officers
and
directors-that
the
83,576
89,286
,
/
.
'
553 ■'.*
4,637
3,826
/
1,086;
-
.
3,300
-
$51,371
19.571
23,317
1,086
292
2,300
7,889
53.00Q
$64,482
$223,884
■;L—
New England Gas & Electric
7 For
amount
$160,814
•
$1,190,938
part at any
face amount of the notes or V/z'ic
first $1,000,000
1945—12 Mos.—1944 /;.
$1,597,150
$598,050
329,832
339,971
3,517
920
1,903
:
$150,523
162, p. 3077.
time without payment of-.premium, The notes until fully paid/ will,
be amortized by the payment annually of 10% of .the aggregate original
ever
(COMPANY ONLY)
INCOME
* 1945—3 MOs.—1944
Expenses -7—
Federal 'tax'es.7—
such notes "
bear
STATEMENT OE
income.
'
.
The
company.
COMPARATIVE
'Period End. Oct. 31—
Total
outstanding. During any fiscal year in which any notes are outstand¬
ing the. company wfll pay as a cdmmitmeht fee"; annually^ a sum
It
profit after taxes..
no
the rate
based
900,000.
,i
11-23-44
sub-"
,..77,.;-..:./ $9,033,693
/,
Company's .share net
of
deductions....
During • October, 1945, Pennsylvania -Povirer As Light Co. refinanced
its long-term debt.
Its 1945 provisions for income taxes were reduced
by $4,164,700 in the month of October representing the estimated non¬
recurring tax reduction resulting from the refinancing, and amortiza¬
pay
of
machinery, and equipment purchased with the proceeds of
2254.
12
^
terms
920
/
^Full dividend requirements applicable to
earned or unearned."'
.
miJ,ment ^y D.I-T. expiring on July 1.M947, involves no standby fee,
and provides funds'"with, - which the company, may purchase, if neces
S8Ly' additi°oal machinery and equipment during that period,
Each loan w.il be evidenced by a/note of the company which- will
secured by _an indenture giving C.I.T. a first and prior lien on all
but on
Loew's
the
etc,,
Federal
w
by the "company from the Citizens-Budget. Co* of .y
M:ch„ at an annual rental of approximately $340,-:ft
under
553
4,637
Balance
.
"*
of the-
member
Monroe
83,286
89,375
taxes
taxes
debt discount and expense (included in interest to public and
during the "calendar year of 1946 the sum of $134,585..
other deductions) was increased in that month by a special charge of
lease is in excess of three, years." Negotiations 'for /
equivalent amount, such charge being a portion of the costs of th$
such purchase are now in process. All
of this-machinery and equip-,
-refinancing.
"
ment is necessary to fill orders
\
already on hand. The $1,000,000 com- ;:
fully reinstated."
connection
of
The
by the
occupied -countries, the; con¬
complaint asks that, the alleged illegal contracts
bjr Court, decree,. that • Liquidometer be enjoined from
Monroe.
$4,432,446
$4,038,023
329,832
;v; 339,971
:
3,517
1,903.
1 23,317
19,571
.292
1,086
'
released
obligated to
Occupied
participating in any similar cartel and that Liquidometer be enjoined?
from bringing any
infringement suit ubon any United States Patent
which' it
Int..
approximately $300,000 will be used to purchase :•
machinery and equipment now being leased from the citizens Budget 7
Co.
The Government's
•
Other
000. It is expected that
re¬
\he complaint, stating, "These cartel
agreements have been carried out by the three companies
except during
the periods of World War n when the
operation of the agreements
was
be
,
without -relation
further allegation of
Federal
preferred stock;/ par $50, were approving a contract between this com- 7
pany and The Commercial Investment Trust, Inc., New York, N. Y.,
giving the Monroe company the right to borrow an amount not to
exceed $2,000,000.
\
'
' -1• '
(■
The contract provides that the
company,
(1) has the right up to
Aug. 1, 1946 to borrow $1,000,000 from C.I.T.; and <2r has the right k
....
--j^
present
to-gauges,"
.essentially
a
■
Expenses
cumulative
on
up t0 July 1, 1947 to borrow an additional $1,000,000. Approximately
a:; typical•;illegai^carte^:arrangeme"nt^ondeinned"'Ty'xthd''';;;;:;
wih be used for the payment of machinery and equipment
"Although the parties agreed to exchange within their" aiready on order. Itwas intended that this machinery and-equipment
•>
territor.es
Information
in charge of the Antisituation outlined in the government's
Monroe Auto Equipment Co.—Votes on Borowing—
The holders of the 5%.
scheduled to vote Jan. 25
devices and
none
Total
■
use
yyyy:',y
of
'.
the
provided for by. the above contract will effect, a-jsub-stantial saving to the" company-inasmuch as.it will allow the termi,**
/
'
Associations-Output—
18, the Association reports electric output
kwh.
This is a decrease of 72,190 kwh., or 0.54% .below
production ot, 13,356;247 kwh. for the corresponding week a year' ago.4-t
Gas output for the Jan. ISweeSt is reported at 179,761,000 cu. ity an,
increase of 9,114,000 cm ft.,' or 5.34% above production of 170,647,000
cu/ ft/ in: the corresponding week a -year ago.*-rV. '163, p; 315. -"
, :
the week ended Jan.
THE COMMERCIAL
Number 4459
^Volume 163
& FINANCIAL CHRONICLE
or before March 7,
1946, they will not participate in any distribution
"fir provided by. the plar. and their bonds will thereupon be of no value."
In March, 1945, a distribution of $52.80 per $1,000 first mortgage
$225,000; accounts payable4% bond due Dec. 31, 1951, of which $42.30 represented principal and
liabilities,
67,103,194
trade, $380,102; account^, payable—other, ■ $99,747; accrued
$10.58 interest, was made upon presentation of the 4% bonds for en.7' 8229,719; .'Federal income and excess profits taxes
(net), $149,546";
'dorsement to the Girard Trust Co. Y'Yy-M H
Yv'f"' • ••//•• :)YY..- •••, •
customers'
•
The comparable figure for the week ended Jan. 12, 1946 was 65,agents' and customers' credit balances, $63,869; liability for
suspended
:; '161,188, a decrease of 4.07 % under the corresponding week last year.—
.deposits lor returnable containers, $36,144; advances on
in surplus,
V. 163, p. 315.
■
• •>• •■./■■• '
' • govt, contract, $235,740; capital stk. (par $1), *$621,359; paid163, p. 74. '■;;M Pennsylvania-Central Airlines
;
\VV?<
" y- ' lriv. * -y'*
^ < Jv.'v' /
$$ c 4 ?;>%i
$3,917,658; earned surplus, $1,100,905; total, $7,059,790.—V.
Y/;Y 10 Months Ended Oct. 31— Y/'v';;.^^
1945
1944
New England, Telephone
Telegraph Co^Earning*
Operating revenues
$9,268,944 $5,055,810
;
Niagara Share Corp.—Calls 4 ¥2% Preferred Stock—» /
; '
Period End. Dec. 31—
1945—3 Mos^—1944 •' 1945—12 Mos.—1944 Y •
Yv^et income %—-—— f:
820,210 > 427,045
Tp
:-"i;
i-j'l )' '..'y+i*
ju,„,'V:'.»/Y)'' •^ ''vy.vV.%'^>'"v > $ ' *"ri'V?Vi
t.v The directors have
called for redemption on March 7, 1946, all of
'Number commotl
477,060
474,460
Operating revenues j.
30,304,621 26,765,851 114,946,393 104,050^053 ||^l»^oUtstandlng;4l/4%:i'C0nvertlbl0 preferred 'stock, at $105 per 6hare
.Earned per' share—
. -/Y;. .' $1,72 •
$0.90
"Operating expenses
^ 22,157,687 20,101,957 82,774,270 73,161,092
plus accrued dividends.—V, 162, p. 2186.
.
4.;
Y/After taxes and charges.
.
t Y,-. . ,
■
> ,
• vf
547,800; 4 patents, .licenses and trade-marks
'■;! cnarges, »200,087;,.total, $7,059,790.
Association—Weekly Output—
the number of kilowatt hours available Jor
England Power
New
:
'}
deferred
■
payable—bank,
i LIABILITIES—Notes
This association reports,
•the week ended Jan. 19, 1946, as 65,686,673 compared with
fo/the week ended Jan. 20,-1945, a decrease of 2.11%. ,
•
(net), $72,975;
.
:
Corp.—Earnings—
.
"'t
:t'•■
•
'•
Federal income: and ex>./'/ "cess profits taxesi_*-^
-
Other
Net oper.
4
:
l,
.J-
1
•''
'
;
■
8,943,998
6.779,9,71
*■
1
.
.—;
-
•
■
'
■-
^
14,396,186
3,899,073 14,540,033
1,155,958 7 4,390,087
;
deductions^;- Y 1,082,390
;•.
:
7,390,855
7,203,989'
i_;
~
3,653,238
income....'.....
Total
A
'Interest
'"y"
Drl,688,280
v-u-,,.'
■
•••• - • ■
17,577,278. 15,164,994
Drl86,438 Dr3,037,245
Dr768,805
.
tOther income (net)..
/ "
:•
-•
':Y.'"/Y' /
'
:
•
145,588
"l,076,841
1,728,573
1,632,794
''!*'• I-"i:.' ' I,.'/*"'''' /'
income——
5,341,519
4,085,512
taxes;
4,594,508
*
■
.2,743,114 ,10,149,945
9,801,677
Dividends Y~—
2,333,551
2,333,551
9,334,206• / 8,945,280
:
....
■ -.
■
'
• i*"• • • : >• '•••
*r<
Balance
..I..-.237,297
409,563
'815,739
856,397
Earnings per share—
$1.65
$1.76
$6.52•
$6.30
/ ■"Operating expenses exclude amounts of $218,105, $184,601,<$861,75^,
$747,906 Tor the respective periods shown; representing that portion of
Employees' service pension accruals which were -charged to miscel¬
laneous deductions from income in accordance with the accounting
requirements of the- Federal Communications Commission,
and ; are
included in "other income—net."
The company considers that these
jamounts were, in fact, current operating expenses and. should have
■'■J: Net income...;...-... > 2,570,848
—
•
...
,
,
.
•'}
as
...
. * <
Ry.—Declares $3 Extra Dividend-^
.
directors
on
Chester I.
Y.
'
the
during
income
net
war
•y;Two New
$100,000,000
Edward G.
in almost every-ex-"
next few months to all subscribers on
.1
<y.<
..
■■
<■' ■'*
' v'; -
■•
Newport Industries; Inc.—-Preferred
r-\
-
\
Stock Offered—
$3,985,000) will be
used
Detroit
to¬
stock
Common
;
„
Authorized
(par
750,000 shs.
40,000 shs^
$1)—
Cumulative preferred stock, 4 '/< %
series
.
HISTORY & BUSINESS—Company was
Outstanding
621,359 shs.
40,000 $hs.
incorporated Sept. 5, 1931 -in
and as of Sept. 30, 1931, acquired from the Newport Co.,
the business and certain assets of the "Wood Distillate Division" of
Delaware,
said
distilled
In 1913V.
Company is engaged in the
of wood naval stores, consisting of wood rosin,
turpentine, steam distilled pine oil and deriva¬
(started
corporation
sale
manufacture and
steam
wood
by-products thereof, and related chemicals.
©f the company, which originally consisted of the
and sale of rosin, turpentine and pine oil in their
primary form, has changed during the past ten years, with an in>
crasing percentage of total sales in rosin specialties, chemically treated
oils and terpene chemicals. • The sales of the company represented by
these products amounted tc 14.34%
of total sales in the period 1937
through 1940, 24.92% in the period 1941 through 1944, and 24.40%
|n the ten months ended Oct. 31, 1945.
...
NEW PROPERTIES TO BE CONSTRUCTED IN 1946—As part of its
post-war expansion program, the company plans to construct a wood
naval stores extraction plant at Oakdale, La., to be used In connec¬
tion with the production of wood rosins, steam distilled wood tur¬
pentine, steam distilled pine oil and other terpene oils.
As a site
for the new plant, the* company has leased 291 acres of land at
Oakdale, La., some 60 miles northeast of the plant at DeQuincy.
The
lease provides, among other things, for1 an option in the company to
purchase the land-at or before the end of the 10-year term.
tives
and
The
business
manufacture
•.
'
The company has contracted'with Stone & Webster Engineering CorjJ.
for
designing and supervising the construction of the new plant.
Preliminary estimates indicate that the hew plant will cost between
$4,000,000 and $4,500,000.
underwriters
UNDERWRITERS—The
named
below
have
1,300
1,300
6,600
2,000
Spencer Trask & Co.„__
COMPARATIVE
10 Mos. End.
Years Ended Dec. 311943
1944
.
Gross sales, less returns
$7,330,126
Deprec. &
V Net
of
loss
440,841
amortizationfrom disposal
Total
Int.
-
on
"Excess
32,382
14,072
014,735
575,994
$1,508,506
21,618
—
income
exp.
Normal inc.
——$1,530,124
$1^57,164
571,550.,.873,104
taxes—
$991,763
40,209
$1,825,836
31,328
notes pay.
^-26,668 ^
22,087
& 6Urtax_„ <
317,000
; 305,000
profits
538,028
23,358
Profit from operations
Other income
5,418,847
589,784
607,062
equipment—-
Sell., gen. & adm. exps.
v
$7,918,706
6,617,331
.
>
$1,031,972
13;087
310,000
;
212,642
.
$1,412,847
41,622
$1,454,470
5.625'
260,000
690,000
be subordinate thereto.
the exchange, holders of 7% and 6%
irrevocably deposit for exchange the certificates
should
accompanied by a properly executed letter of
at the office of Chemical Bank «to Trust Co.,; exchange
Broadway, New York 15, N. Y., at or before 3 P. M.,
28, 1946. Such deposit may be made directly with the
or through any
of the underwriters.
Transfer Agent; Chemical Bank & Trust Co. New York.
Central Hanover Bank and Trust Co., New York.
their shares
exchange agent
of
stock.
PURPOSE—The new preferred
refinancing the . company's
dividend rate.
stocks at a lower
■
"
CAPITALIZATION GIVING
dends
this year made
15,
163, p. 316.
^
V'v^* '/:-m
"
a
"
3.60%
\
(vi?,
■;.} :Ty[4')'''yr-'r.
Petroleum & Transport Co.
1 **'1 '* y'y
—
/record
made
March 15,
April 5,
on
p',~3079.
"
'
23 declared ft dividend of 40 cents per
par
$5,
SUMMARY OF
sharo
12 Mos.
payable April 5,
:
•operating
-Operating
Taxes,
of
record
Feb.
28.
Distributions of 50 cents per
ot holders
share were made in
1945 one addi¬
to this stock
/distribution a regular cash dividend of 75 cents and en extra of 25
Y cents were paid on March 31, 1945.—V. 162. p. 2648.
,
I ,
seach
of
the
three
preceding
quarters.
On April
2,
'
*•'!**•-
5,f46,143
'A b.v
762,730
Y
Fed*..
982,186/
-
adjustments
disbursed for each share held, and prior
<«-,'. i
1,493,820
1,173,986
**.'••
acct.
yy 1 ?r
Operating income
Non-operating < ino.——
v.
•
•
"
EARNINGS
/" '
_
■—r—-Calendar Years ••'■•• ■—
1944
1943
. '
1942
$11,888,903 $10,769,436
4,351,224 3,647,017
588,979
551,065
;•■;/•, ; •/;./ YTY/Z/
923,711
914,928
919,565
1,223,620 . 2,546,200 2,235,420
1,155,486 1,134,803 1,102,293
4,882,878
698,298
„
397,657'. ■ ' 1 .352,009
" ; ■
1
•
$3,470,594 - $3,671,778 $1,955,112 $1,962,075
• • 118,457. > ; 114,190
96,174 . 102,625 ;.
II, i"'1"-'
'! 1 " ■■.•;—
—*
$3,595,051 $3,785,968 $2,051,286 $2,064,702
,543,514.
779t478
824,050. . 824,053
'//'Y//
v- T
Y9,769
43,058
48,079
61,343
YY 169,263
202,104 . 201,225
187,993
346,378
'
'i'.
.'Ill"
• 334,400
wii.i i mi
■ ■■
■
.
k
■ i ■
,
Gross income —
Philadelphia, Pa.—Bond¬
Int. on funded debt—
holders Advised to Deposit Bonds Before March 7—
Net
profit
7 $614,905—• $656,973 X.$496,242 f> $498,645
Other
int. and misc.
Dividends paid in cashV 310,365
496,847 %
497,087
372,815 Y
<
The holders of C. Benton Cooper first mortgage real estate 6% gold
deductions
c—
bonds, dated .Sept. 15,1924, afe being advised that in accordance with
Amort,
of debt disc.,
,
"After
deducting
debt retirement credits,
1942—$60,000, 1*943—
premium ■ (net) & exp.
Tthe order of the U. S. District Court for the Eastern District of Penn¬
$95,777 and 1944—$23,324 and post-war refund credit, 1942—$3^552. •>
"Debt Ydisct.,
premium
sylvania,, made June 30, 1940 all holders or owners of said bonds must
V- BALANCE SHEET, OCT.^31, 1945 i;
and exp. chgd. off—«
1,737,580
1,737,580
^transmit or present their bonds to Girard Trust Co., trustee, Broad and
Pfd. divs, of A sub—>
13,068
. 13,068
.Chestnut Streets, Philadelphia 2, Pa., for registration and modification
>7/7 ASSETS—Cash in bank6 and on hand, $1,775,556; accounts and
in accordance with the terms and conditions of the plan of reorganizanotes
receivable, (net), $1,189,151;
inventories, $914,831; estimated
?• tion approved in that proceeding on or before March 7,*• 1946, in order »•.
-refunds of Federal excess profits taxes (incl. post-war refund bonds of
; "Net income-^.;
— $1,101,857 $1,010,680
-to participate in .the. distribution under the plan.-.
The trustee an- y'» "Equivalent to tax reduction from refinancing.
$4,491), $109,100; land, $250,289;. buildings, machinery and equipments
'nounced that J,if said first mortgage bonds are not so presented on.
• <after
reserves for depreciation and amortization of $4,227,527), $2,-
Penn Athletic Club Building,
supplemental
. ,
Co.
West Penn Electric
$13,381,837 $12,890,171
i
Fed, taxes on inc.
prov. for deprec..
•Amort, of prop.
End.
Sept. 30/45
...
other than
income
cents per
'
revenues....
expenses -
Maintenance
Panhandle Eastern Pipe Line Co.—Div. Increased—
The .directors have declared a quarterly dividend of 62 Va
share on the common stock, no par value, payable March 14
tional share-was
both dated as of Oct. 1, 1944.
of record and beneficially by
tAll owned
1946, to holders of
1946.
A distribution of 25 cents per share was
last year, the first payment since 1941.—V. 162,
: j ■
/;/; ■/Y/Y/Y ya/YY/
Y; '' •
stock,
capital
the
—
——
indenture,,
Pays,
Larger Dividend—r
The directors on Jan*.
*$16,981,000
*
63,784 sh7.
tl20,000shs.
authorized Is
•
,
63,784 shs.
Common stock
(no par)„___
150,000 shs.
"Bonds are Issuable in series.
The amount of bonds
limited by the restrictions of the indenture and first
year-end payment of 50 cents per share.
-,
Registrar; /
EFFECT TO - Authorized FINANCING
PRESENT
Outstanding
stock (par; *
cumulative preferred
'
stock Is to be issued for the purpose
outstanding ,7% and 6% ; preferred
trust bonds; 3%
$100)
.
American
mtge. & coll.
series due 1974
1st
directors have declared a quarterly dividend of 76 cents per
stock, par $12.50, payable Feb. 15 to holders of
Jan. 30. Previously, the company paid regular quarterly divi¬
of
50
cents per share on this issue, and, in addition, on
The
record
preferred
for
transmittal
agent, 165
EST, on Jan.
to make
order
In
.stocks
share on the common
2,720
546,261
shares
all
pursuant to the
preferred stock Will
new
Co.—Considers Refunding
''/
Oct. 31, '45
$8,788,946
6,531,930
320,077
sales*-'
$9,445,727
4,871,121
and allowances
Cost of
■tt\
1946
1,
changed
May
Owens-Illinois Glass Co.—Increases Dividend—
on
5
,
outstanding on the basis
each share
preferred stock and $8.85
including in each case
proposes to redeem on
of 7% and 6% preferred stocks not ex¬
exchange offer. Until such redemption the
$14.10 in cash, for
of one
are
preferred
7%
Pan
INCOME STATEMENT
1942
directors
The
appointed transfer
preferred stock of the company now
share of new preferred stock and
preferred §tock and one share of new
in cash for each share of 6% preferred stock,
the cash dividend adjustment.
The company
.6%
Offer Made to Holders of
understood to be considering a plan to refund
There are 146,478 shares outstanding, call¬
able, at $125 a share.—V. 162, p. 2648.
I
■
—V.
Alstyne, Noel & Co._
Laird, Bissell & Meeds__
Kuhn, Loeb & Co.____
year's total by more
1,734,233,388 for 1945
7% Preferred— ■
.Jan.
Van
2.000
pound miles, topping the 1944
preferred stock will be offered in exchange, share
convertible preferred stock until March 30.
Those who accept the offer will be paid a $1.75 per share dividend
when they deposit their certificates. The dividend was declared on Jan.
.22-on stock of record Jan. 26. The directors said the $7 stock prob¬
ably will be called and retired. The offer is the same as for the $8
preferred stock which was called Jan. 1, and of which 89% was
turned in for exchange.—V. 163, p. 316.
the
w
has been
Guaranty Trust Co; of New York
par value 3.60%
cumulative preferred stock.
*"
"
'*lV(p^
^• i>~ iJ.\/■[■,^V ^f *i,V
tyix 1 *Y
■"'y' - I •!> t, j) ,,. ."
Potomac Edison Co.—Preferred /Stock
Offered—As
Mentioned in our issue of Jan. 21 a banking group head¬
ed by W. C. Langley & Co.. and The First Boston Corp.
on Jan. 18 offered 63,784 shares of 3.60% cumulative pre¬
ferred stock (par $100), subject to prior rights of holders >
of the company's 7% and 6% preferred stocks to take
such shares under the exchange offer of the company.
The stock is priced to the public at $101.75 per share and
dividend from Feb. 1, 1946^
EXCHANGE OFFER—The 6?,784 shares Qf 3.60% cumulative pre¬
ferred stock are offered-in exchange for the 7% preferred stock and
of $7
severally
5,500
Barney & Co
Appointed—r
Transfer Agent
new $5
Oklahoma Gas & Electric
'rate named in the
filed in a subsequent
/ „, ■
agent for $14,983,300
—Vt 163, p. 317.<
'7% Preferred Stock—
from the company the number of shares of
stock, 4Vi% series, set forth opposite their re¬
spective names below:
, v
•i: Harris, Hall & Co. (Inc.) "t 2,000
Union Securities Corp
10,000
2,000
Hornblowe* & Weeks^v
Stone & Webster SecuriThe Milwaukee On / y1,300
6,000
:
ties Corp.
Hallgarten & Co
the proposed
the rate of
of 7%
Holders
Commission
has filed with the Securities and Exchange
to its registration statement relating to
$15,000,000 of 20-year debentures, fn which
of
/Yy The
nearly half a billion over
for share,
Interest Rate
amendment
amendment.-
Portland in the west.
Ohio Leather Co.—Exchange
Ltd., Inc.—Reduces
Issue—
/interest is set at 2V2 % instead r of 2% %, the
original filing.
The public offerings price .will be
the 1944 total. Express revenue reached,
$404,494.17 last year, almost 40 % higher than in .1944.
Acquisition of more planes during 1945 enabled the airline to in¬
crease its scheduled miles from 26,932 daily at the start of the year to
44,715 at the close, Mr. Hunter explained.
Service to every city on the
company's present line will be Increased in 1946, he declared and
^service to others not now served will be inaugurated.—V. 163, p. 316.
to purchase
cumulative preferred
Smith,
163.
The company
maj& by nearly half a billion miles.
Air mail revenue amounted to
$1,648,730.63, approximately $150,000 over the total for 1944.
: "
Mr. Hunter reported similar Increases in express loads for 1945, .with
was.
New Debenture
issue
Hunter' reported the planes flew 217,915,656 revenue passenger
the 1944 total by more than 97 million miles.
7 ; Northwest Airlines carried 6,378,442 pounds of air- mail dqring the
year, more f than half -a million; pounds than in the previous year.
agreed
,
31.7.
•an
in June,
2,672,516 pounds carried, exceeding the previous
than 600.000.
The express pound miles figure of
i
Co.—Weekly Output—
electric output for
ended Jan. 19, 1946,
Philip Morris & Co.,
more
loads' were carried 5,396,757,098
123 parlor cars. These
Pennsylvania RR. for some time.—V.
lightweight sleeping cars and
in. use! on the
this company and its subsidiaries for the
amounted to 133,254,000 kwh., a decrease
7,733,000 kwh., or 5.5%, from the same week of 1945.—V.
on
Mr.
These
142
been
p.
miles in 1945, exceeding
,
FINANCING
CAPITALIZATION GIVING EFFECT TO PRESENT
and
Tacoma
Of
New York
and
Pullman-Standard Manu¬
deliveries will
of
planes and to inauguration of service into
giving Northwest Airlines the shortest
jcoast-to-coast route and linking New York in the East with Seattleaddition
to the
gether with any necessary additional funds supplied from the general
funds of the company, to defray the cost of constructing a new plant
at Oakdale, La,
•
...
total $21,000,000, and
The orders will
Philadelphia Electric
The
week
planes.
He estimated these planes will carry 125,000 passengers each
rmonth, more than; a third as many as were carried in the entire rec^
hrd-breaking year of 1945.
;
He attributed increases in passenger, mail and express loads mainly
preferred stock may be redeemed by the company, other than
sinking fund, in whole or in part, at prices declining from
•$106 prior to Jan. 1, 1951 to $103 after Jan. 1/ 1957.' For the sinking
* fund,
which starts May l, 1947 and calls for the retirement of T'/a %
;
of the outstanding issue annually, the redemption price is $103 per
l>har«.
(estimated
have
'
the
proceeds
Set New Highs—
peak of 36,702 passengers carried in October. •
Passenger revenue for the year reached $10,094,628.03, approximately
66% above the 1944 figure;
i/ > - , - - „
{'
Mr.. Hunter said Northwest already has purchased and will put into
service within a few months
15 four-engine 44- and 56-passenger
The
PURPOSE—Net
'.V'*':"
163' P' 76•
-
a
of
Co.
cars
.
cumulative preferred
for
,
-
man
corporation on Jan. .21 reported: a 66% inciease in passenger
revenue in 1945 despite fare reductions during the year amounting to
approximately 14%.
Air mail and express loads also jumped to, new highs during the 12
months, Croil Hunter,. President and General Manager, explained.
\ •'•
*. With; return of more planes to the company's.fleet during 1945, Mr.
Hunter'said, Northwest carried a total of 330,489 revenue passengers,
'/about 75% more than in.the preceding year..
New all-time monthly
■records for the-company >were set in five months of the yearf with a
public offering Jan. 23 of 40,000 shares of
stock, 4&% series ($100 par), at
$103 a share, plus dividend.
that made
231.
Including 112 new coaches being built, the Penn¬
sylvania's total of all types of passenger cars on order is 326."
The new cars will be used
to re-equip the Pennsylvania's leading
East-West trains and to augment the - New York-to-Florida reserve
-seat coach service which Pennsylvania operates with other railroads/.
The Pennsylvania RR. also announced the purchase from the Pull¬
The
Securities Corp. headed an underwriting group
Union
Vice-President
Kansas City
and Colonuf
begin late this year.
Co. (Del.)—Weekly Output—
Electric output of this company for the week ended Jan.. 19, 1946,
/totaled 49,293,000 kwb. as compared with 48,225,000 kwh. for the cor¬
responding week last year, an increase of 2.2% .—V. 163, p. 316.
Northwest Airlines, Inc.—1945
Co. 70 and
Budd Manufacturing
facturing Co. 87.
Northern States Power
capital and adequate' supplies of manpower and equipment, hut
predicted ' that telephone service - would be : supplied " within' the
the waiting list.—V. 160, p. 1189.
he
of Robert M.
with headquarters afe
Vice-President
Payments
Feb. 5, 15 cents;, May 5,-' 25 cents quarterly
6, 25 cents; and Nov. 5, 25' cents quarterly
extra^V; 162, p. 1396.
.
in 1945 were as follows;
and 10 cents extra; Aug.
/and 50 cents
change in New Jersey and Installation of modern dial systems In
exchanges serving more than one-third of the telephones in service.
Be said execution of the program. would depend on availability of
new
.
announced the appointments
Western' Regional.
as-
;
,
...
Appointments—/./•;
corporation on Jan. 23
The
Averlll
September in the number
emergency,
payable Feb. 5 to holders of record Jan. 25.
stock, par $10,
.
additions to the local
toll wire networks/ enlarging switchboards
•
.
Barnard/ President, on Jan. 23 announced that the com¬
five years for expanding
..
* 1
„
called for replacement of many
.outgrown central offices throughout the state,
Y and
over
214 Passenger Cars—
r
The company on Jan. 22 announced that it' has placed orders for
North American Oil Consolidated—50-Cent Dividend—
214 passenger cars/including sleepers, diners/lounges and observation
A dividend of 50 cents per share has been declared on the common
picars and coaches. • * „ , ,v
, t v •
«
f
,
The American Car and Foundry Co. will biiild 57 of the new cars,
and improving telephone service.
Mr.
Barnard said the program
-
4.5
of passengers
Command.—V. 163,
would spend $100,000,000 in the next
pany
cents per mile.
The
offset, by an 11% Increase
carried per mile.-
of
•fare
.partially
■
v
•
Pennsylvania RR.—Orders
such.
Bell Telephone Co.—To Spend
the month of Sep¬
month that PCA
and advisability of
Chicago and Col. Richard E. Fell as Eastern Regional
conserving cash,, extra-dividends upon the common stock were dis¬
.with headquarters at New York/ Mr. Averill, formerly
continued in 1942.
After > further consideration of earnings for the
^attorney, .had served with the Bureau of Investigation
•year 1945 - the aboard declared from those earnings an extra -dividend if Fell was with the Air Transport
p.
of $3 per share upon the common stock, payable March 9, 1946, to
'■{'
i \ !*< v /'• •. 'sly*'*';'' v
••'
H
-stockholders -of record- Feb; 13, )946."—V. 162, p. 3196.
i
in
tion
fProvisIon for excess .profits tax was reduced by reason of special
hon-recurring items.
Other /.income was charged with an; amount
offsetting such tax reduction and the balance of these items was
charged against surplus.—V. 163, p. 315.
New Jersey
amounted to $1,065,326, repre¬
explained that October
system-wide passenger
effect of the fare reduction was
>•
the- following statement: '^'Because of a reduc¬
made-
operating revenues
mark.
^additional was paid, and this is the first time sincei January, 1936,
that it has declared an extra dividend payable out of the earnings
of the preceding year. . The common stock earned $15.50 per share in
the year 1945, compared with $15.14 in 1944 (after certain appropria¬
tions for sinking and reserve funds and excess profits tax postwar
credits for 19442, 1943 and 1944.)
• ,
\.v
•<
. A
, .. 1
■
The company
1945,
./operating revenues topped the $1,000,000
R. G. Lochiel, Vice-President and Treasurer,
•was the first full month of experience with the
>\
,
October,
:V«;
senting an increase of approximately $45,000 over
tember.
October marked the fourth consecutive
:
.
ibeen accounted for
•''<
J an. 22 " declared1 ah extra dividend (of ■ $3''per
IvLshare and. the .usual quarterly dividend,of
$2.50 per share .on the
V'common stock, • both payable March 9 to holders of; record Feb. 13.
Y
The «extra is the first declared by the company since 1941, when $5
-
'
-w'
Norfolk & Western
', The
.
-
.
'
t
.
:
.
.
.
.
13,068
-
>/ 1
13,063
$964,864
$978,24-4
'
.
THE COMMERCIAL & FINANCIAL CHRONICLE
468
follows:
&
Percentage
Percentage
W. C. Langley & Co.-2.___ > 8.000
The First Boston Corp..—8.000
C.
Inc.:
Mackubin,
Co.,
Ballou,
Adams
,
:Loughridge & Co.—1.000
Frank
Calm
B.
Richard
I. M. Simon &
3.200
R. Staats Co.—Nicolaus & Co., Inc.
Webster and
Blodget, Inc— —2-—
——
5.500
William
8.00<|
Stifel,
Stone
Weeks——
4.000
Hornblower
W.
E.
&
Hutton
Corp..:
<Sr
**
Company___^—;
Loeb, Rhoades &
M.
0.784
1.600
0.784
& Gibson.—
United
other
Uncollectible
on
Net
;
Thompson,
trustee
District
this
for
road,
Judge George H.
$3,910,501 in
The
original investment was
Gulf, Mobile &, Northern
of
Jan.
on
Moore
:
petitioned
21
in
made
30—•'
Total
Net
operating
'
'
'
>
Total
Southern Pacific RR.—Bids Asked—
'
Co.—Earnings1944
$1*7,'407,885 $16,317,704
w——
15,267,253
14,189,871
$2,140,633
$2,127,833
—
income—;
1
•
6,520
$2,127,983
-659,146
653,220
—
.
income
beginning
of
period
—
Total surplus :_
Preferred dividends
—
——:
$3,917,194
.
$3,798,262
375,000
375,000
dividends
Earned
surplus
Nov.
NOTE—Federal
for
income
on
the
periods! under
per
30,
1944.
V.
102,
:
2186.
p.
San Jose Water
25-year
change basis of one share
of new. preferred for each $100
principal amount of debentures held.
The exchange
period expired Jan. 21.
The preferred shares are subject to redemption at any time at prices
ranging from $105.50, if redeemed on or before Dec. 31, 1948, to
bus
necting branch feeder lines.
_____
$1,074,905
476,525
$988,778
452,208
$598,379,
7,596
$536,569
6,048
$605,975
$542,617
.Total deductions,388,083
330,958
——
Gross
profit
Non-operating income
before
Balance
(Md.), furnishes
routes extending* from
Pittsburgh, ,Pa., with con¬
Its operations and those of two affiliated
service
transportation
over
C., to
and Washington', D.
Net
on
—
deductions
.
_
is
operated
the supervision
under
the company.
of
'*% •' 1%.
*
Balance
two
remaining subsidiaries of the company are The Braddock
Heights Water Co. of Frederick County, Md., and Massanutten Water
Corp., Virginia, which own and ooerate small water-works in Brad-
mately
and
of the company and its", subsidiaries were derived approxi¬
follows: elect ric.J 1V&-;$hus,':' ?&&electric Railways,!2
1%.—V. 163, p. 318.
.
,
,
,
35,626
" "
$15,859
directors
posal to
.will
• >;
split
at
the
15,
meeting held
regular
on
Jan.
adopted
22
a
ing,
pro¬
for .stockholders'
The proposal
special meeting;, 'on
approval; at a
■
Pressed Steel Car Co., Inc.—Signs
The company has signed a contract with
the delivery of 4,500 20-ton four-wheel
for
of
France, it
In
•>
a
has
announced
was
on
to rehabilitate
program
Council
Jan. 21 by Ernest Murphy, President.
the French railroad system, the Supply
for equipment with virtually all
:
!.946.
this country.—V.
hare
163, p. 318.
will
stockholders
The
authorized
of
number
also1 be
to approve an
from 5,000,000
asked
shares
common
the transmission, distribution and sale thereof.
residential or domestic customers tor cook¬
is utilized by
and incidental
schools, col¬
house heating, hot water service, refrigeration
Commercial customers include restaurants, stores,
laundries,! apartments and hotels which utilize gas for similar
purposes as well as lor other commercial uses.
Industrial customers
using gas Include: among others, power plants, railroad shops, .potash
plants, oil refineries, packing plants, canneries, irrigation pumping, ,
ice plants, cotton gins and compresses and drilling rigs.
In addition,
the company is continuing to serve several, military establishments and
installations located in its area.
The territory served by the company
lies principally within the State .of New Mexico and area adjacent
,
placed substantial orders
the leading freight-car producers in
of
Large Order—
the French Supply Council
box cars for the Republic
thereto.
increase in. the
to 7,500,000,—
•
suant
exchange offer, or by
the
to
Public Service Corp. of New Jersey—To Expand—
It is announced that construction expenditures of
y*
,000,000
planned this,
are
allocated
are-
$5,329,578
Co.;
follows:
as:
for
the
$3,875,350
department
gas
for
Public
Service
of
Public
Service
Coordinated
v1*
companies—Atlantic
gas
County
Gas
City
Gas
Co.,
at
Asret value of Selected
Gas
Gas
for
Sewaren,
N.
J., is not included in
318.
163, p.
this
electric
Public Utility
.
;
■
budget.
/
"company, "
Engineering & Service Corp.—Output—
■
week
the
'
ended
•
/
•
,
•
contained
at lhe> year-enci,
Approximately, 92^
stocks,
5Vz lio
circuit
The
radiotelegraph service between New York and Warsaw, Poland,
on
Jan. 18 by this corporation,
it was announced, by
H.
was
Mitchell,
one
Warsaw
2' With the
operating
;.V. 163,
of
Executive
first to
the
terminal
is
Vice-President.
be
under
suspended
the
This
of
>
100
the
ferred
companies
remainder
stock
consisting
in
the assets were invested
preferred stocks; with
and other net assets.'
at the start
control
of
the
of the
Polish
has authorized 60.00C) shades of cumulative pre¬
$100), issuable hi series, the first series of which,
27,000 shares of 4(4% fcumuiative preferred stock, is
now
in
< par
of
offered.
•
principal underwriters named below have
agreed/severally and not Jointly, with the company, to purchase the
number of shares of 4%%
preferred stock and' the percentages of
unexchanged 4%% preferred stock set forth opposite their respective
UNDERWRITERS—The
names;
E. H. Rollins & Sons,
Servel, Inc, (& Subs.) -^-Earnings—
war.
Years Ended Oct 31—.
'. Net profit after pbgs, and
restoration
58
circuits
to
of
direct
all
the
communication
principal
to' Poland, RCA is
countries of the world.—
tEaniings
-The
City
162,
p.
Bank
transfer
Trust: Co., New York, N. Y„ has been
lor the common
and preferred stocks.—V.
agent
"
■
*
the. fourth
a
share.-
Reading Co.
Gross
Net from
ry.
oper.
From Jan.
Gross
income,_i
$8,230,947
3,711,336
3,633,253
from
Net
rv.
income^T
15,782,019
162, p. 31S9.
:
..
-1943
1942
346,166
*
$9,074,427
2,140,767
2,035,474
2,065,142
15,793.963 113,784,670 102,683,717
14.473,321
19,483,152
23,651,857
13,372,055
17,924,982
21,721,740
^
^
.
(Robert) Reis & Co. <& Subs.)—Gross Sales OffQuarter Ended
Gross
—V.
Dec.
31—
sales
162,'
p.' 1393.
'M-P
$1.05
$0.96
1
;
.
able April
:
;
In
view
i to holders
of
1945
$1,314,645
1944
.
$1,379,557
the
of
declared
-
»
'
*
-
,
%
_
„
'
■
'•
.it."/
>■,
;
.••••..*
f/1;' J/'
'%> >
The
the
corporation
Manhattan
on
Dec.
Company
15
and
^
*
borrowed $2,000,000 from the Bank of
from the Chemical Bank &
$3,000,000
Co./-
proceeds will be applied to payment!
for the Farrell
works purchased last November from the CarnegieIllinois Steel Corp.—V. 162, p. 3118.
understood
that
part of the
/.
''"iiii .1
,i.in',.,
,
iV„
1943
$3,468,386
2,439,478
;. V,""."'1 .)■,')'i'i' 'i ...i
"':'
"i v
$1,379,067
$1,250,799
60,195.
25,870
^
$1,310,994 : $1,404,937.
253,976
.
$'1,057.018^
Net income—
,
1944
-
'
•.
$1,048,286
1
.
11>
$1,028,907
40,876
"
'
322,316 "
$747,463
' ■ j
'
(A. E.LStaley Mfg. Co,
—
:
$1,069,784
356,651 -,
*
evidenced by notes bearing interest at the rate of 27c
and due in ten equal yearly installments.
The money was used to pay
off bank loans, for the purchase of inventories and for working capital.
It is
■:■/
i
income__'__
—V. 163, p. 319.
*,«r
Sharon Steel Corp.—-Obtains Bank Loans— ;
Trust
Gross
3.7%
$5,136,417
3,757,349
Sept. 30,'45
Total income deductions
.
203
_
—Calendar Years—
revenues__^_^___: ^4,011,243
2,760.443
/', '■'/;
S'"':
:■
'
*
future, no dividend
was
declared on the common stock," Four quarterly distributions of
25 cents each were made on this issue during 1945.—V. 162, p. 1400. ;
>' 'V :
■
12.9';
11.1%
•*
•
charges—.,
Operating income^
Other income
the. immediate
of
•
:
.
18.5%
710
608
.
Inc
Total operating
'',■'■ '■
record March-12.
uncertainties
_•
SUMMARY OF CONSOLIDATED INCOME ACCOUNT
Total oper.
a
26.6%
1,014
;
& Co
9 Mos. End.
s
22
1,484
1,460
a_
Mason, Moran & Co
.
shares.
common
Gibson
Coffin & Burr,
quarter of the fiscal year ended Oct.
•
->
railway—_ 109,351,509
railway
15,762,194
oper.
:
'
$9,437,907
$9,337,908
2: 409,178 ? 2,273,398
1—
from
Net
—V.
1944
1945
railway-—
railway__„__
$1,828,236
dividend of $1.12% a share on
the 60,000 shares of $4.50 cumulative preferred stock
outstanding pay¬
-Earnings—
from
$0.69
ton 1,726,926
C.
W.
Omits Common Dividend—
'"v;.
V
-
The directors on Jan.
December—•
1943 '
31, 1945, net
profit,; after -glying effect, to year-end adjustments, was $428,475,
equivalent to 15 cents a snare, as compared with $604,754, or 35 cents
Farmers
1678.
faxes
share_____^_______
per
"Before renegotiation,
For
1944 •
$1,464,680 ^Sl,663,730
Inc
Rauscher, Pierce & Co., Inc
!A. !,c;:Allyn and Co., Inc;
.
1945
.
;
Percentage
27.2% *
! Shares'
.
Telegraph
shs.
NOTE—Company
company's largest/investments, bv»,industries, were xas follows:
utility,
10.5"e;
retail trade; 10.4^;/;
building; 9.9% V steel,
7.1 %; machinery/ 5.7% ; railroad equipment, 5.6%: railroad. 5.5%.
;V. 162/ p. 2824.
••.
-'
*
231.
p.
appointed
Net
than
more
34,129
27,000
27,000shs;
specified in the indenture.
.and provisions
~
Public
international
'; Raymond Concrete Tile Co.—Transfer Agent—
r
in
$5,000,000
*
1,500,000 shs.
1,074,307,36 shs.
"The issue of bonds of the 3% series, due 1965, is limited to $5,070,000 principal amount.
The issuance of bonds of other series is un¬
limited except for certain restrictions imposed thereon by covenants
The
-
Administration.
-
per
in
bonds, cash
government
investments
TO PRESENT FINANCING
Authorized
Outstanding
4
mtge,
restored
■was
•'Thompson
^
year-end
$13.88
-
portfolio
•common
telegraph Service to Poland—
Direct
The
-
.
R. C. A. Communications, Inc.—Restores Direct Radio¬
2
'
Jan.
^
to
.
operating companies served by this corporation
19, 1946. totaled 194.380,000 kwh., as c'om^pared with 209.852 000 kwh. for the corresponding week last year, a
decrease of 7.4%.—V. 163, p. 318.
^
v*
Vr-t
i
1''
1 ;o' ,'
■
'
' *
r,V •, ■
• : '
....
■...
_'' / ')' ; '/
for
$10.53
EFFECT
sinking fund bonds, 3%
series, due Dec. i, 1965
57c contractual obligations
due se¬
rially to July 31, .1955_-_-_:-_
4%% cum. pfd. stock, (par $100),Common stock (par $1)
1st
Dividends totaling $1 per'share, including 63 cents capital gains
dividend/, were paid, in 1945, compared with 60 cents itt: 1944, of which
15 cents was capital gains distribution.
'
,s
Electric output of the
'•
the
at
on
•
from
GIVING
Issue—
Dec.
amounted to
$10,863,492
share in the .year
/ended Dec> 31; 1945.; If. adjusted* for capitaLgalns distribution of 63
cents per. share; the total rise in capital value was 37.8^, the largest ;
gain in capital values per share that the company had experienced in
any calendar year, according to Edward P. Rubin, President. of ■ the
generating
construction
.
with
compared
appreciation
increased
value
Asset
the
and
Co
1945,
CAPITALIZATION,
Inc. (at market) had risen
American Shares,-
31,
$4,922,521.
$1,997,600
$365,000
Peoples
&
$15,671,677 at Dec.
31;
1944. ^.Unrealized
to
Co.
The estimated $23,000,000 oost of the proposed
,
station
.—-V.
Electric
Transport;
,for Public Service Interstate Transportation Co.; and
/.system
Selected American Shares, Inc.—Asset Value—
than $17,-
more
by. the corporation. These expenditures
$5,514,192 for the electric department and
year
utilized to retire, either pur¬
call for redemption, the presently
sinking fund 6% debentures, due 1967.
proceeds will be
PURPOSE—The net
V. 162; p. 3199.
outstanding $2,152,183 25-year
'.
plan
leges,
Splitup of the common stock would result in each shareholder re*
reiving fen shares of $1.75-par value for each seven shares of $2,50
par value stock.
^
The spIitup.Mf approved by stbckhblders. would increase'the number
of
common
shares outstanding
from 2,520,000. shaves to 3,600,000
;
uses.
and
gas
Gas service
stock Hep, share's ,for seven,
common
be. submitted
March
a
-
.
natural
of
The
as
miscellaneous,
to
consummated pursuant to a voluntary
plan was submitted to and approved bv the
Commission under Section 11 of the Public
Utility Holding Company Act of 1935.
The company has two wholly owned subsidiaries, Southern Union
Production Co. and Southern Union Development Co.
Companv also
owns more than a majority of the stock of
three small corporations,
Angels Peak Oil Co.; Congress Oil Co. and Summit QH Co,
The company Is engaged primarily in the production and purchase
of
160,174
*
$22,082
'
and consolidation
reorganization, which
merger
Sehenley Distillers Corp.—Proposes Stock Split—
Heights,. Md„ and Shenandoah, Va., respectively.
•
During the 12 months ended Sept. : 30, 1945, consolidated operating
^revenues
'
•
-V. 162, p. 1697.
dock
.
!
after Dec. 31, 1957.
COMPANY—Organized in Delaware Dec. 13, 1932, under the name
Southern
Union Utilities Co., which
name was subsequently
changed to Texas Southwestern Gas Co. As of Nov. 24, 1942, the
name was further changed to Southern Union
Gas Co. incident to a
of
$211,659
35,626
_____
'
$101.50 if redeemed
Securities and Exchange*
1^0.174.
preferred stock.—
Dividends on common stock--—
.<
The
v
$217,^92
—1—
income
Dividends
companies*, namely. White Star Lines, Inc., and Penn Bus Co., com*
prise a unified interurban bus system, known as "Blue Ridge Lines,"
which
1944
1945
31—
Dec.
Operating expenses and depreciation——__
subsidiary, Blue Ridge Transportation Co.
Md.,
Months End
12
Works—Earnings—
Operating revenues
The offered shares!
dividends.
original issue of 27,000 shares
of the company's outstanding
sinking fund 6% debentures due 1967 on an ex¬
*' -
>
share, plus accrued
represent the balance of an
initially offered to holders
in*
report
of >$752,000 for Income taxes and $2,833,000 for
excess-profits taxes, for the year ended Nov. 30, 1945, and $752,000
for income taxes and $2,198,000 for excess:profits faxes for the yearNov.
Stock Offered—
by E. H. Rollins &
Sons, Inc., made a public offering Jan. 22 of 12,174 shares
of 4V4% cumulative preferred stock (par $100), at $101.50
etude, provision
ended
Gas Co.—Preferred
underwriting syndicate headed
An
$2,423,262
$2,542,194
30
taxes
$9,682,096 $13,275,640
1,0000,000
1,000,000
—
$6,962,611
163, p. 319.
Southern Union
*
Common
.
1945
1946
1945
$5,021,093
Gross earnings
$1,468,837
2,329,425
$1,493,932
2,423,262
i_
surplus,
first
—-Jan. 1 to Jan. 14—
-Week Ended Jan. 14-
'
1946
—V.
Net
Earned
noon";
be submitted before 12
of $50,000;000 of new
Earnings-
Southern Railway—Gross
150
$2,147,153
deductions
it
from
bonds, series E.
The new bonds will be used to provide
funds for retirement of unequal, face: amount: of outstanding series B
first mortgage 3a/4% bonds, due Jan. 1, 1986;
The interest rate wilf
be that named by the successful bidder.—V, 162, p. 3119.
mortgage
1943
taxes——
bids to
company is requesting
Feb. 4 for the purchase
The
EST
income
income
:
run.—V, 163, p. 232.
Period—
Gross
.
Diesel powered Daylight
Francisco and Portland
(Ore.), A. T. Mercier, President, announced on Jan. 2L;.i:
The new super coach trains, to be called Shasta Daylights, will be
the first additions to passenger equipment under the company's post¬
war improvement program.
It is the aim to have them in operation
by the end of the year. ^
"
r
Mr. Mercier also revealed plans lor "progressive streamlining of the
Cascades, premier sleeping car trains on the San Francisco-Portland
&
Mobile
with
merged
was
,
Other income
Light & Power Co. also operates a small water-works in
Shcpherdstown, W. Va., and a small ice plant in Petersburg, W. Va.
An additional electric subsidiary, Franklin Transmission Co.
(Pa.>,
awns and operates a transmission- line connecting the company's electric
-transmission system with that of Pennsylvania Edison Co., a non¬
affiliated utility.
v
Another
162, p. 3119.
This company will place a pair of De Luxe
Streamliners in the daily service.between San
Proposed.—
,
operating revenues.
operating- expenses and
Total
277,473
4,765,349
$3,390,198
2,277,857
$3,482,549
2,398,810
$308,996
217,615
$359,627
income
/
20,737,298
5,677,094
through purchase of shares
1930
which
RR.,
San Diego Gas & Electric
Years Ended Nov.
573,856 :
Income.—
oper.
1,814,717
447,903
Southern Pacific Co.—1To Add to Equipment—
s
St4 Louis,
at
for improvements and
1946
Ohio RR. in 1940.—V. 163, p. 232.
,
Potomac
interurban
1,957,392
Ry.—Proposed Expenditure—»
Louis,, Mo., set Jan, 28 for a hearing pn a
petition by Mr. Thompson to sell all or any part of Frisco's stock holding in: Gulf, Mobile & Ohio RR.
The Frisco owns, as a free, asset,
833 preferred shares and 20,5601/2 common shares of G., M. & O. RR.
.
Baltimore,
Net
.
$27,796,562
19,641,015
$2,571,616 $29,896,941
$2,890,875
____
.
'
■;
;
,,.
The Federal Court at St.
,
.
.
Cr35,00Q
,
Operating revenues—
Operating expenses
>
.
$2,855,875
rev.
'
162, p. 3199,
Sale of G. M. & O. RR. Securities
business of company and subsidiaries is theproduction, distribution and sale of electric energy in adjacent portions of
•the States of Maryland,
Virginia, West Virginia and Pennsylvania,
centering around the valley of the Potomac River and its tributaries; ■
The electric properties of such companies constitute a single integrated
system which is operated under the supervision of the company by a
2;hnified executive/-administrative; and operating staff.■ ■, 1
The company has 10 subsidiaries, all of the outstanding securities
of which
are
owned by
the company, except $217,800 of preferred
stock of Potomac Light and Power Co.
Company and such sudsidiary
have filed applications with the Securities and Exchange Commission
2 and the P. S. Commissions of West Virginia and Maryland for approval
ot a plan involving;,<») :the!issue;;by/ such subsidiary to the company ;
of 10,500. shares of its common stock in
exchange for $700,000 of
indebtedness owing to the company, $217,800 in cash and all of the
preferred stock of such subsidiary held by the company, and (b) the
redemption on Aug. I, 1946, of all outstanding shares of preferred
stock of such subsidiary. *
' Six
of such subsidiaries are engaged principally in
the sale of
electric energy in certain localities in their respective states of incor¬
poration, as follows:
Northern
Virginia Power Co., a Virginia corporation,
in Clarke,
Frederick, Shenandoah and Warren Counties, Virginia;
■:•%. Potomae
Light and - Power Co., a West Virginia corporation, in
Berkeley, Grant,; Hampshire, .Hardy,: Jefferson,. Mineral and Morgan
Counties, West Virginia, certain of its operations therein being con¬
ducted for Northern Virginia Power Company pursuant to an operating
agreement regarding the latter's properties in West Virginia;
South
Penn
Power Co., a
Pennsylvania, corporation, in Adams,
Bedford, Franklin, 'Fulton" and•: Somerset Counties,; Pennsylvania; -*
Page Power Co., a Virginia corporation, in Culpeper, Page, ■ Rocking ham, Orange, Shenandoah* Warren; Fauquier, Rappahannock, Madison
and Greene Counties, Virginia;
Madison Power Co.,
a
Virginia corporation, in Orange, Madison,
Greene and Culpeper Counties, Virginia; and
Massanutten Power .Corp., a .Virginia corporation, In Page, Hockinghara and Shenandoah Counties, Virginia.
The principal
.
oper.
1945—Month-—1944
1945—11 Mos.—1944
$2,583,616 $29,981,941 $27,908,562
12,000 >:
85,000 .
.112,000
.
Operating revenues::—
Mo., for
additions
the Frisco and subsidiary lines.
Of that amount, $279,436 would
spent on the Kansas City, Fort Scott & Memphis RR., and $482,272
the Kansas City, Memphis & Birmingham RR.
on
was
Co.
Edison
A.
States
authority to spend
0.784
Dulles & Co
Wurts,
Hrr Frank
be
Potomac
future.—V.
St. Louis-San Francisco
8.000
...
_
incorporated in Maryland Dec. 31, 1923,
Potomac Public Service
Co. and a former
BUSINESS—Company
ias
a-consolidation
of
plows,
—V.
.
Co2"22-_:——- ' 3.200
within the near
0.784
Weeden & Co., Inc.—
> Harold E. Wood & Co.—
1,600
,
grinders,
and coffee mills.
&
Webster
5.500
Co
&
Laird and
Carl
::'V
feed
of
manufacturer
a
Present management of the Arcade company will be continued, ex.pept that L( L. Munn/for many years President of Arcade, will retire
0.784
5.500
Sachs
as
Operating taxes
0.784
Co.—
Securities
Goldman,
started
'
Southern New England Telephone Co.—Earnings—
% Period End. Nov. 30—
Through the years, the line
extended
to
include
more
than 300
items, and gradually the
manufacturing emphasis
changed
to foundry equipment, hardware
for the ^refrigeration industry, and miscellaneous cast iron and wood
2.340
Co.____2'«—
Hemphill, Noyes & Co—
Eauitable
kwh., as compared with 2,134,000 kwh. for the corresponding week last year, an increase of 2.3%—V. 163, p. 319.
'Vf. V
:' *• ! ,-.*
1; W.' ■" - .<
■' • */ 1.. Vft- \
162, p, 3199.
was
0.784
0.784
and
1885
agricultural implements
3.200
fornia
1.600
Corp.-
totaled
Rockwell Manufacturing Co.—Acquisition—
C This company on Jan. 19 announced the acquisition of the Arcade
'Mfg. Co., Freeport, 111. The latter corporation was incorporated in
of, Cali-
Company
Pacific
Co.____
&
Clarke
W.
/
0.784
Brothers—
Buckley
with interest at 2 Va%.—V.
year
0.784
Metropolitan St. Louis Co.
Moore, Leonard & Lynch__
Ma.vna.rd H. Murch & Co._
E. M. Newton &> Co.
—
0.784
Chanute,
5.500
Beane—:
Fenuer &
0.784
Son_lW-
Simon J. Block &
Bosworth,
'Merrill Lynch,
.
3.200
Inc.
Co.
«fe
0.784
Irvine & Co.—
Pierce,
Mead,
0.784
and
Allyn
Ames,
3.200
Legg & Co
',E1,e®tr,!c output of this company for the week ended Jan. 19, 1946,
2,184,000
V
,
tw
Southern Colorado Power Co.—-Weekly Output—
,
has arranged with the Bank of America National Trust
Association, California, for a loan of $2,000,000 for one
company
Savings
0.784
Co.;_;~;_
■0: W. L. Lyons
5.500
Emcrich & Co., Inc.
Baker, Watts fc Co._____ll.
A.
The
as
are
'
*
Bank Loan^j^^S;:.^-.
Rheem Mfgi Co.—Arranges
and the
UNDERWRITERS—The "name of each principal underwriter,
of: unexchanged stock to be purchased by each
percentage
Monday^ January 28, 1946
To Create New
Preferred
Stock—Initial Issues to Be Underwritten—
preference stock
with a
maximum total of 150.000 shares is to be
submitted to a
;;special stockholders meeting called for Feb. 6, A. E. Staiey, Jr., Presi¬
%
The' creation
dent
of a new
class of no- par cumulative'
and
..The
initial
Chairman, announced on Jan. 23.
board intends, if the amendment is
series
of
50,000
shares
carrying
an
_
f
<
J0
"**
adopted, to authorize an annual dividend rate of
_
THE COMMERCIAL & FINANCIAL CHRONICLE
'
Volume
Number 4459
163
Third Avenue Transit Corp.—To Have Contest—
46,977 shares would be offered in exchange, share
holders of the presently outstanding cumulative preferred stock,. $5 series. Shares of the new $3.75 stock offered but not
taken in exchange,, together with ?,023
shares not being offered to
stockholders, are to be underwritten by Smith, Barney & Co, and the
First Boston Corp.
V •//
•
' ,.v
//'•///,Y'.:
•
'
j*"":
Shares or tue $5 preferred not exchanged would be called for final
redemption at $105 per share.—V. 162, p. 1930^
V$3 75 '
for
,
'
which
of
share,
..
.
.
prepared
been
Feb.
Foods, Inc.,,above.—V, 128, p. 4625.
*
1 '
'
^ '
7 V. 1 \
*V'
See Best
The
slat'e
new
'*r
*
.
I '
"
%
% '
/
$ *
'
r
'
*
Russian
had
Army
garding the condition of the Hungarian properties.
K:\ The Hungarian affiliate is engaged in the production of
It has no refining facilities.
,
-
directors
Official Promoted—
Fage,
C,
Robert
•
Aviation
Republic
Frank
J.
Mechan,
1944
-
/
previously
of
1943
i
''
*
'
4,';
V
the
163,
In
vision
tion
declared
directors on Jan. 17
The
the
on
capital stock,
•
for
The
,
,-,i,
y'
,,
Y
,
£
*
*v
,
and
the
estimated
Daniels
&
the
of
the
determine
to
drilling
best
to
proposes
company
cost
is
loca¬
out
carry
$29,500.
Co.,
attorney, has been elected
resigned.—V. 162, p. 3240.
i
-/
succeeding
director,
a
:
,
•
;
..
Vicksburg, Slireveport & Pacific Ry.—Transfer Agent
188,083
158,458
The Guaranty Trust Co. of New York has been appointed, transfer
agent for, the afyove company's stock.*—V. 131, p. 2812.
,
v
...
4,393,584
2,507,156
2,874,002
2,735,307
2,173,113
869,307
Virginia Dare Stores Corp.—Registers with SEC—
1,192,053
Company
m
for
declared
have
an
dividend
extra
both payable Jan.
stock, par $2,
31
of
cents
15
cents per
25
holders
to
per
Refunding^- Bids Asked—
cents
per
at $5
3Vze/o
April 1
two issues
year
on
the
is $44,717,000.
;
Bids
must be submitted by 11 a.m.. Eastern time, on Feb. 6, to F. /
Charske, Chairman of the executive committee, Union Pacific RR.,
W.
Broadway,
120
New York City.—V.
1 fi34
per
Swift International Co., S.A.C.—To Increase Capital—
Patterson.- President, on
A.
low
for
altitude
comfort
at
high
by this corporation from the Glenn L.
of
.
<
proceeds,
approximately
$312,537,
will be
used
to
company's treasury for fixtures and equipment, etc.,
purposes.
/
Newburger & Hano;
are
named
f.
The
.
5 V-J, .V'-
(The) Visking
/
Guaranty
'«
'■
■
' I (
! /
Y '
••
Trust Co.
"»
-7* • .•*/ ■ L'V ' ■•'/f
*-
-[
~
*"
■•Ti-
Corp^-Transfer Agent—
of
*-*•'"
<
Y'
•>
I
••
•» •/ 'J
V
.
class' B
I
<l. '■)
common
.
•
transfer
stock.-See also
.
,
" '■
Y.'i
,
/
York has been appointed
New
agent in New York for class A and
'
Y '
V- 163, p. 234.
'v?',/,
and D. Glcich Co,
.*
,,
Kobbe, Gearbart & Co., Inc.,
,
j
,/v,
' <
underwriters;
-5//t."^
reimburse the
in modernizing
will be/used for corporate
balance not; so expended
Y V.i
Western Union Telegraph Co.—New
Vice President—
Joseph R; Redman, Chief .of Naval Communications; j
has been appointed- Vice-President; 6t this company; ef¬
1946,—V. 163, P. 358.
/ ^
. Y. /
i >
Admiral
Navy,
fective Feb. 4.
Jah/ 20. announced. that the world's
first fleet of 300-mile-an-hour„ twin-engined planes having
cabins
.
"
the company are placed at $382,500 exclusive of a
be received from the proceeds of the sale, at 10 *.
warrant share, of warrants entitling the holders to purchase
share an.aggregate of 65,000 shares of common stock4
In
/alteration,/ Any
United Air Lines, Inc.—Places Large Order—
W.
The company plans to /Increase the authorized "capital ; stock froim y
represented by 1,500,000 shares with a
par value of 15 pesos each, to 45,000,000 pesos Argentine gold, repre¬
sented by 3.000,000 shares of like par value, it was announced by Jo¬
seph O. Hanson, President,
(The gold peso,is valued by Argentina at
»S1.6335.)
•'•-/-//;/// /
.///
/ ' '
A special stockholders' meeting, will be held in Buenos Aires April 1.
to act on an amendment to the constitution -authorizing the proposed *
/.Increase,
V 1.
/■
/ *'.• The directors felt it'desirable to increase working capital because of
22,500,000 pesos Argentine gold,
to
registration' statment with the SEC
The price to the public
a
stock/par $1.
addition, the company is offering an aggregate of 35,COO warrants at 10
U." S.
;
21 -filed
common
cents
per warrant
share to certain holders.
Of the net" proceeds,
$61,462 will be used to retire the preferred stock of subsidiary com¬
panies not/owned by officers and employees.
The balance of the
r,i' >*1'
;
$6,500
233.
p.
1
proceeds to
of
/-/•
will call for retirement, at 103 and accrued interest;
3V*%. debenture bonds, due on Oct. 1, 1970, and its 35debenture bonds due on May l, 1971. They will be called
and May 1. respectively. The total outstanding amount of
share.
per
The
Jan.
on
shares of
90,000
total
share on
of record
has 'asked" the /Interstate Commerce Commission for au¬
debenture bonds, to be
to
its: 34-year
/
K
bodies
ore
warranted,
$350,875
issue $44,493,000 of 30-year 2Vo%
dated Feb. 1, maturing on Feb. 1, 1976.
succeeding Thomas
' r,<t
;
„
Berlack,
George N. Lindsay,
r;
.•
;k';
addition
thority
special -dividend of 30 cehts per'
*
the
If
The
underwriter is Mark
Rear
<
shaft.
work.
Vertientes-Camaguey Sugar Co.—New Director-
/
'■■The--company
a
of
value
the
1421 Chestnut Street, Phil¬
adelphia, Pa., who will receive a commission of 30f/o and 5%' addi¬
tional allowance to cover traveling and advertising expenses.
>..
.
>-
$25.
par
•/$ '//
capital
182,495
regular semi-annual dividend of
Union Pacific RR.—Plans
payable March 1 to holders of
record Feb. 1, and the usual quarterly dividend of 40 cents per share,
payable April 1 to holders of record March l; A special distribution
of 30 cents pef share was also made on March 1, last year.—V. 162,
share
of
development
12.
?
Company
Dividend—
of
216,320
,
-t *' >} >0 Y
with
■':•/"
which It is proposed to spend under careful super¬
experienced mining
engineers,
the
statement said. The
proposes to do diamond drilling to determine the size and
company
commercial
to the - two semi-annual payments of 25. cents each
made last year,. the company on .Jan.- 31 paid an extra of 10 cents
and on July 31 a special of 15 cents.-—V., 162, p. 2862.
;
'>'L
V -*1
'
c
>
' ;•
\/ / 1
"j,;
v-v--|
'M''
p.-233.
Swift & Co.—Declares Special
/
XI
'<■' 1
il <*»
has been elected Treasurer,
rcs'gncd.—V,
Lencl.
Y
and the
common
Jan.
Corp.—New Treasurer—
Charles R. Sherman
A.
Y
"
'-i
1942
,/
Ltd.—Registers
a
2,215,709
railway
oper.
directors
The
corporation on Dec. 28 terminated its revolving credit agree¬
dated Jan. 7,; 1944, with several banks.—V. 163, p. 233.
Sun Chemical
filed
$403,079
4.810,893
share
Fipe Line Cov both subsidiaries.—V. 163, p. 320.
Y'/o 'lr'
Mines,
Gold
•">".//.
V-/
has
,
be
is $5
Stewart ^Warner Corp.—Terminates Bank Agreement—
The
share.
per
dividends on the preferred
and Oct. 18, $6.—V. 162, p. 1810.
each;
187,146
income—.. • 1,408,895
♦Deficit.—V. 162, p, 2313.
ry.
;•
ment
$2
the following
227,382
railway^.//' > 3,729,844
: 1,804,318
from
from
Net
the election of Richard C. Sauer as Vice
President of Sohlo Petroleum Co. and Edward F. Morrill as Vice Presi¬
dent of Sohlo
of
payment
share
per
payable Jan.
$5,
.,
Net
announces
company
$11.50
represents-arrears
$81,250,
Trarisamerica Corp.^—Extra Distribution of 15. Cents—
This
of
par
distribution
$441,965
railway^--—.
*4,280
Gross
Standard Oil Go. (Ohio)—New V.-Ps. of Units—
,
This
semi-annual
,
'
1945
railway/ $10,092
- /
*4,248
from
from
Net
medical director, will be in/eharge
for, affiliated companies in Latin /
Gage, an assistant
of
medical service; and
advice
America.—V. 163, p. 3200.
will
relations,
Net ry. oper. income-.-.
1
From- Jan. 1—1;/ ■
,
Alfred
Corp.;
'-'•■/
shares
Harris
Gross
dividend
a
preferred stock,
25.
registration statement with the SEC for
stock, $1 per share. The shares are being
offered at 50, cents per share.
:
l'
The
net proceeds to the treasury when this offering is completed
Toledo, Peoria & Western RR.—Earnings—
'
current
Porcupine
,
company
250,000
Merlin
*
'
Jan.
and May 31, $1
8
The
*
a
the
March
SEC—
1
consulting engineer, Newark,
crude oil.
declared
16
record
of
the company paid
1945,
/Verity
holders
security
Commission; Leslie E. Thompson, director
Radio-Keith-Orpheum Corp.; William A. Kinsev,
N. J.; Henry E. Peelle, President of Peelle
Manufacturing Co., Brooklyn,
and Thomas H. < Silver, President of
Lumber Mutual Casualty Co. of New York,—See also V. 163, p. 356.
labor
of
World War II and
Dr.
the
Securities and Exchange
the
medical officer in. the Army Air Forces
assistant medical director of this company
ii as been appointed general medical/ director of the company, suc¬
ceeding Dr. WUIard J. Denno; its chief medical officer since 1918.-:
Dr. Dcno will continue with the company as medical consultant.
Dr.
during
by
]Vl "
,
November—
•
nominated
t
Andrews, Andrews &• Clark, consulting engineers;
of
Counsel
and
$9.50
In
Jan.
on
cumulative convertible
$4
holders
stock:
\?.~
proprietor of Eastern Auto Seat Cover Center, Irvington, N. J.; Stephen •'
B. Gibbons, Vice President and member of the executive committee of
Hudson Trust Co.; Un'on City, N. J.;
Edward J. McGrcw, Jr., Com¬
missioner
of
Public Works, City of New York; Thomas H. Nicholl,
Office of Defense Transportation; John J. Ryan, Vice President and
seized
Lispe oil fields, Frank W. Abrams, Chairman
21 said that at no time since the'entry ofthe
the
in
of
called for
meeting
Aylesworth,
Chairman of Radio City Music Hall Corp.; Jules
Endler,
real estate operator and motion picture/producer; Frank
Bernstein, Treasurer of Fidelity, Discount Corp. of New Jersey and
Budapest, Hungary, re¬
properties of a company
of the
board, on Jan.
United
States into the war have the properties in Hungary been under Ameri¬
can,
control. .'-The property of the Hungarian affiliate, Mr. Abrams .,.;
pointed out, was taken over by the Hungarian Government in Decem¬
ber, 1941. In February, 1945 the Russians (who are occupying Hungary>
took possession of the field and since then have directed all operations.
Mr. Abrams said further that' the U. S. State Department will con¬
tinue to be kept informed of all information the company obtains re¬
the
that
special
■
H.
*
Commenting on a recent news dispatch from
porting
affiliate
the
at
vote
to
offered in opposition to candidates already
McQuistion, General Manager of the company.
for
are:
Earle
W.
1
Jersey)—Hungarian Properties
Standard Oil Co. (New
Operated by Russians—
•
ft '»
,
to
"
directors
the
30
has been
by Victor A.
candidates
13
committee
,
,
eligible
/''
The
The
on
security
a
4.
nominated
•
candidates for
of
by
bondholders
income
..
slate
second
A
-J
g Standard Milling Co.—Proposed Sale— J.
(The) Valspar Corp.—Pays Dividend Arrearages—
directors of this corporation has
holders committee and has been filed'
with the Securities and Exchange Commission. The list is part of the
proxy statement to be sent common stockholders and to adjustment
to
pressurized
been
(Alan) Wood Steel Co.—New Control—
ordered
Co. Other new
features
altitudes
Martin
has
the
revolutionary airliners will be jet thrust augmentation for
speed, heat de-icing for the wings and tail; and electronic auto¬
matic pilots for use in automatic instrument landings as well as in
regular airway operations.
'
'
1
/ >
*"
United's order calls for 35 of the plants at a cost of approx'mately
See
'./;■
,
162,
Koppers Co. above.—V.
./"■,'
■it;,.
extrtf
p;
3123.
/
'
•■'./ '-/• "v/4".4//
•/■
.
"
''l.b
Y
V,
t:/.'
VkY
/ ^
••
/■'■
'
•■
//'" -"Y
#
Yonkers Electric Light & Power Co.—New
Financing
Company and the Consolidated Edison Co. of New Yorkf-,Inc., on
Jan. 21 filed a joint application with the New York P. S. Commission
asking approval of the issuance by the Yonkers company of $9,000,000
Pressurization
/ ,30-year
debentures bearing interest at a rate not to exceed 2%%.
of the cabins
adds over $1,000,000 to the cost of the fleet but the
The offering price and redemption. prices will be determined subse-.
,':>•■ extension of business activity, and while the recommended increase in
expenditure is justified. Mr. Patterson said, from the standpoint of
authorized capital is more than unv present foreseeable need,
"it is
both passengqr comfort and
improved schedule performance, includ¬ J/iquently as the result of competitive "bidding or other negotiations.
deemed wise to provide amply for the future because of the involved
The bonds will be■ guaranteed ;as.to payment of principal and interest "
ing faster dpscents into airports.—? / /
/ /
V
'
procedure nocessary to effect on increase in capital." Mr. Hanson said.
Sy. Consolidated^,t
***,
y
Mr. Patterson/said the planes will be used to provide increasingly
Under the Argentine Jaw, it will take several months alter the stock¬
The application points out that the Yonkers company will redeem-frequent- inter-city services along the company's coast-to-coast and
holders/act before the required
on June 3,
approval is.. secured, from various
1946, $9,515,000 12-ycar 3 !/a% debentures, series due 1950,
"Pacific Coast ^system' and to." link up with four^engined planes of .the
Argentine Government agencies.
»
,
-k'nd which the company soon will place in service, They, will begin; I:';at 102..; Funds from the sale of the new issue of 2'J,*7o debentures *
Y.
will be applied toward the redemption of the 3'/a c/o debentures.-rV. 160,
Wlillc the final figures on the company's business In 1945 -will not
.replacing United's present twin-engined Douglas DC-3's in .1947.
: ;
p.-1446.
■■
.
.
United already has taken
be available until later, preliminary indications are that the per share
delivery of and Is converting 22 of a
U*
'
■/,
/''/.; •
*
:
*
//
/• ■
" ' •
■
■fleet of; four-engihed Douglas C-54'sr- the- first of "which are to' start
earnings will be in. excess of the dlvidends>oP $1..80 paid, for the year,
^service within 60 days. Each, will carry 44- passengers and 5,000 pounds
Mr. Hanson stated.
The year's business was not so favorable as those
<of cargq at a cruising speed of 220 miles an hour.
of reeent years due ,to the drought in the southern hemisphere and its
Those are tor be
effeCt on'r crdps/ahd;the stmkes'1n *ATgcntma: ;aod; other factor& beywtl » /followed, in July, by a/fleet of 35 four-erigined Douglas ,DC-6's .which
control, he said,
'
.
■,
,
'
•
Y' /\ •Will - carry from 52 toT 58 passengers -plus 5,500 pounds of. cargc/ at 300 .miles an hour;
/;/
' \/
'
'
"The financial position of the company r<unahH strong,'*. Mr„. Hanson '
> United .currently-1s; operating: a fleet/ pi;,70tf^win/engIned;.Dotiglas;;
/ stated; "Bank loans at the close of 1945 were higher than at the end
DC.-3
Mainltners and Cargpllners which
are
flying at ,an all-time
of,the preceding tycaxy but are amply covered by cash and, marketable
^
(In thousands-of dollars)
high of ISe.SOO miies^datly:—V. 163„p. 233.
* //, // /,
» /
*
securities on hand.'<
The company has uo bonded debt, nor any de¬
; ,
"
.
<
Increase ( + )• or •
bentures nor long-term debt outstanding.
During recent years, as
////'// -. /
.
-Decrease.(—)>Sinoe<added funds have been required in the business, they have been ob¬
Uiiitedi Mere^aiits & Manufaciurers; Inc.—Proposes to
Jan. 23,
Jan. 16,
*
: Jam 24; •
tained largely by.bank loans made in foreign countries-where we oper--. s
Assets—
1946'
1946
1945
Increase Authorized Stock—
ate, and fwhere prevailing interest rates are, substantially higher/than,
The stockholders- at the annual meeting, on Feb; 13 v.411 be asked
rates in the United States,"—V; 162,p. 1327.
Gold certificates
17,163,565
——• 625,500
.
■
with
$9,000,000.
option
an
to
another
purchase
35.
,
,
.
,
>
•
Statement of GondiHoR ofthe 12 Federal
,
v
•
,
.
^,
^
Reserve Banks Combined
f
,
*
,
-
-•
'Redemption fund
2,680,000 shares of common stock" which, will
'he" authorized anxf unissued if the proposed, recapitalization is approved;
Joined the: corporation-
O.' Mitchell,- who
of sales in 1942,
Don
charee
'
V. 162, p. 3238.
/
has been
elected
-
Vice-President' In
as
Executive
Vice-President.—
/Discounts /And
//////,;...
Lath American republics with
flights out' of Miami to Havana^ Central America, -Panama - and Rio
This corporation/ which operates In 10
w!U
Janeiro
de
in
offices
centralize
Miami,
,
uses
was
.'
1
The
Gen;
ticket
present
remain
will
Brig.
with
office
added
Rockefeller Center,
in
staff
order
in
to
take
York
New
of
care
pansion In TACA Airways.
2nd Ave.
/
•
w!li make
Others" who
v
their
new headquarters in
Manager of TACA's
Miami
are
Central
Charles
with
supervision
over
the United
T. Cussen, regional traffic
■
One
■
of
Junqueira
President
ways
States
the
most
Passos
of
Rio
of
Aerovias
de
civil
Janeiro
Brazil,
an
,
of
has
elected
associated
and
J.
Gannon,
Vice-President
:
Air-
Possible
directors.
the
in¬
capital
/"/,-
Bonds
businesses,
and
:
■
/.
:
on
He will
1,957
;
—
435,264
25,229
2,795
+
•+•
'
\
'+J
V?
48.027
66,125
2,050
—
<
_
946,892
■■
'
+1,798,184
+3,289,571
— 142,021
+281,847
—343,700 '
— 33,500
*
r!f vr
/
\
224.080
—
----: ;
bo in 'charge of
in
Total
—
98,131
—
44.326,673
Liabilities—
—-182,673
+
4,552,380
,
—134,038
+ 2,561,554,
/-/■//■■•'••'//.,•//;
.
—285,767 /
+1,774.557
577/706
+305,510, ■//. +
98,652
837,273
* + . 1,6221 •/+-^ -320,08i
24,208,912
Deposits:
/.;/./,■./'/
■
Member, bank—reserve acct.
15,859,412
>
XT. S." Treasurer—gen. acct..
Foreign
These plants
to".VA*:^^V
assets'
Federal Reserve notes
Cuba,
■"
23,550,324
110
172,325,''
"";
—
,
(
+4,721,654
95,353
1
munitions
has
been
division,
appointed director • of
States Rubber Export Co., Ltd., it was an¬
Jan. ~31-.by.Lr. -C.-Boos,- President* and'General Manager of
•
—
+ 4,785,729
' •
■ 6
4;0G1 /'. 4/ 64,820
Uncollected- items
'2,203,323 //;+rlp6,363
/'+~ 88,966
.Bank premises33,360.
—1
18//
1,185
Other assets
65,023
+
2,628 '-1; +
1,293
other
A
-
401,953
—
/j Deferred availability items»«^.
Other llabs., incl.accrd. divs._.
Total
per
,
.
........
Total deposits
share, with a commission of 45 cents/ The
'shares offered by Glore, Forgan & Co. were sold in the
"elapsed time of 22 minutes. .There were 74 purchases'
by 33 firms; 600 was .the largest trade- 15 the smallest.
'—V. 160, p. 899. " -
^
f
—
23,341,336
,
production at company-owhed and .affiliated
Columbia, 'England, Mexico;? Sweden. Uruguay and
are engaged in the manufacture of tires and
rubber footwear.—V; 162, p. 3240.
>*
/ .,
^
'$28%
been
190,53G
—
,
,Ffc R. notes of other banks—'
■
Manager; has
;/•
,
Total :U. S. Govt, securities
Total loans and securities..
hue from foreign banks..^—
charge cf rales.
/ /United States Tobacco Co.—Special Offering—A spe"cial offering of 8,880 shares of coinmon stock (no par)
was made on the New York Stock Exchange Jan. 18 at
elected President, succeeding Peter O. Knight. who resigned after 53
years of continuous service.
Malcolm R. MoKinley, General Superin¬
tendent, has been elected Vice-President.
Mr. Knight was founder of
the company/—V. 163, p. 233.
r
«
/
' "c
'
1
/
.
and General
of
properties
of
;
Vice
TACA
discretion
company's
•plants
Dr. Edison;
of
'i
//the export, company.
Eastern
Executive
the
acquisition
manufacturing for United
Tampa Electric Ca.—-New President, etc.—
'Francis
vr".
Venezuela.
Brazil,
company
of Latin America.-^—V, 163, p. 320.
rl
nounced,
• -
engineers
been
area
with
formerly
1
,
prominent
Caribbean
and
manager,
New York, "
»
the
American
Caribbean operations who was recently moved up to system-wide
Vice President, of traffic;; Rufus K. Ward, regional general manager
George
at
use
the
C. L. Froutz, formerly factory manager for this company at the
/Charlotte ordnance plant, and subsequently acting general manager of
and
Alt* JLlnes,
for
as
United States Rubber Co.—Changes in Personnel—
(
L. -Gnllo.;-formerly; General
/
,
He had been associated in a sales capacity with the company's United
Air Cleaner Division1 for some eleven years,—V, J.62, p. 3240.
' i
' .
ex¬
<
.
N. E.
listed
•
+
in capital of the corporation, or to efiect; changes in the
United Specialties Co.—New Vice President—
'
901
,
Ft: G; Chandler has been 'elected Vice-President in
-;
"< Y
The purpose of this move; according to Gen. Hardin,;is to bring
ail key/TACA personnel together at; a base closer to the. company's;
actual operations. A live-story building has been leased in Miami at
,
" /
"
structure.—-V. 162, p. 2521.
City,,
present
,
were
crease
Thomas O. Hardin, Executive Vice Presi¬
dent. and Silas R. Richards, Vice President and General Manager,
as
well as the operations, traffic and treasury staff are being trans¬
ferred to Miami from New York.
including
cers;
be "available
stock
its"-top- executive, operations and traffic
announced. All senior executive offi¬
Fla.;: it
proxy statement.
rapidly changing ' businessZand/finaiwial 'conditions, it was
stated..>tbe /directors feel itadvisable that the Increased. amount- nf
Total gold. ctf. reserves^
17,957,989
•Other-cash: ...—339,219
advances..
i.
207,145
industrial loans —,—,*
1,843
0.;S.'Govt, securities:
Bills
12.782,033
Certificates'
J
8,186,211
Notes
1,426,200
'
1
-
1,957
794,424
.
to
Due
.
;
the
of
/according tp the
TACA Rirwaysy S.A.:—Enlarges Miami Office—
.
issuance
future
for F^ R.
notes-
,
^
.
.
v
.
increase in the authorized common stock from 2,000,000
shares.
J
.There; are now 1,320,000 shares of ,$t par 'coriimbn: outstanding, in,/cloding 55,978 shares In :the company's treastiry/"//
The management has "no
present intentions with respect to the
to 4,000.000-
Electric Products; Inc^—Promotion—•'
S y 1 vania
t
,
.
to- approve an
'
..
»
.
;
~
.
.
17,676,344
1,836,990.
9,841
.
-43,732,037
liabilities
—
+
r-r
+
161,929
19,445
+
1,920
54,190..
1,383
+1,715,057
172,773
1,791
+
+
+4,451,175
—184,925
Capital Accounts—
Capital paid inc.
Surplus (Section
—
179,146
7358,355
+
+
13,841
+. 130,202
+
309 -
Surplus, (Section 13b,'ZZn
'Other capital accounts.....^. :
, 29,657
+ .1,943
.—-.43,101
.
•
•-
Taylor-Wharton Iron & Steel Co.—Calls Bonds—
The
directors
on
Jan.
•
18
voted
to
instruct
,
the
Central
Total liabilities Ac cap. accts._
/
,
•
Bank
"
'
Trust
Broadway, New York City, to call for
redemption on April 1, 1946 all outstanding collateral trust 'now.first
mortgage' 7lare~ cumulative income bonds, due July 1, 1958, at-105
and'full cumulative interest to such redemption date,—-V. 162, p. 2313,
&
Co.,
trustee,
70
i
•
»
—182,673
/ "• Ratio
of
Stores Corp.—$2 Accumulated Dividend— ;
gold certificate re*
.
>
serves to
deposit and F. R. /v /
.
,
The directors have- declared a dividend of $2 per share on account
:>V- note liabilities combined—/Y;Y 42.9^ ;/•/ +
of accumulations on the $6 first' preferred stock; no par value-payable/ Commitments to make Indus-1./,'
Feb.; 15 to holders of record-Feb.. 4.Distributions of $3 each, were
trial loans
—.——+~. /
; 1,587
y
made on this issue on June 28 and Doc. 24, last year,--~V. 162, pr1441.
United
Hanover
44,326,673
"
v
,
,
+
.
»
^
4,552,380
*
./
..
307
•,
;
2^.'
s
—
6.0%
-—
1,908
•
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, January 28, 1946
000,000 and $26,000,000, respectively.
Foreign Exchange Rales
of the Treasury the
passed:
^PEDEIIAL JRES^V^
CERTffIED
EXCHANGE RATES
foreign
$178,000,000 at all reporting
member banks,
Holdings
•
of "other securities" declined $28,000,000.
:,••• ":v:,i7\7
Demand deposits adjusted increased $96,000,000 in the
.
record for the week just
We give below a
world;
York City, $39,000,000 in the San Francisco District, and
the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
buying arate, for cable transfers in the different countries of the
requirements of Section 522 of
Pursuant to the
tifying daily to the Secretary
Holdings of United
$106,000,000 in New
-States Government bonds increased
UNDER TARIFF ACT' OF 1930
San Francisco
District, $71,000,000 in the Chicago Dis¬
and $344,000,000 at all reporting: member banks.
United States Government deposits increased in all dis- '
tricts and the total increase was $65,000,000.
trict,
Buying Rate tor Cable Transfers in New York
Noon
Unit
Country and Monetary
Value in United States Money
,
/
v//•//'Jah.'-19
Jan,18
Jan. 21
,'
^
Jan,24
Jan. 23
Deposits credited to domestic banks increased $181,-
»
.297733*
000,000 in New York City and $227,000,000 at all report¬
.251247*-
ing member banks.
'
Argentina, peso—
'
<
t
Official-—
pound
.297733"
.297733"
.251247"
.251247"
:——-—
-—
*
,297733"
•—•-»-—
Free
7
.297733*
.,297733*
.251247"
'
3.214113
3.214113
.251247*
,.251247"
3.214113
,022840
,022840
.060602*
3.214113
3.214113
3,214113
.060602*
—
.022340
•
Belgium,. franc
Brazil, cruzeiro—
.-4 ~r————
,—
:
.
.022840
•
7
.060602"
,060602"
—<—-—7--—-f-r-.
Official
.Free
>■
*
,
;;//p;Jan722/7;77
$
Australia,
,;
~
.
-
060602*
,051802"
.051802"
,
.051802*
•
,
.051802*
.051802*
.
(In millions
,060602*
of dollars)
.051802*
'
7 ;
of the assets and liabilities of reporting
member banks follows:
.022841
,022841
,
A summary
Increase (+) or
Decrease (—) Since
—
————
Jan.
-
Canada, dollar—
Official—
Free__—
—-—
?
—
'/
Colombia, peso—.
——
England, popnd sterlmg^-^——.i—--r——
:
/ .908125
7.
•
...
.907500
;
',301215'
,301215
.379327
.205800
>
—
Zealand, pound—-—™,——r
South Africa, pound—
.379327
.909090
;
,
,.904375
4.005000
u
/.658300"
3.227000
.562900"
4.005000
.658300"
V
.658300*
obligations
765
—
obllgations^^-i-«
—115
"2,303:
•+•
Other' loans.—.—...——
4-
Compo Shoe Machinery Corp., conv. preferred stock
5%
HOllCeS
consolidated Vultee Aircraft
Cuneo
•
-
•
bonds; notes,
Below will be found a list of corporate
which the details were given in the
4-
TEN9X&
OF
NOTICES
'
+
178
;
77
:
„
„
(A.
1st ref. mortgage bonds due 1949_Feb 28
Corp., 1st mtge. 5s, due 1969—Maris
Hope Bridge
67
Oregon RR. & Navigation Co.—
A^ur,n«
T l«a
8bn.f
1946—:
due
4% consoL.mortgage bonds
§2822
—Anytime
'
1QilR
j,10
i.nnjc
69R90
Anvtlmp
§2822
4^
no
mnFtoouo
^-■hrtnHA«w'i<u-
v
'
Any tlmG
Z"
T^nessee ^al.^Iron bonds
^
General mortgage
Co.
-
1951
due
112
S9A94
Anviimp
-
-
824
,
National
,-i
.
wawTTAV
*
fttAVMVTiAN
-
FAETIAL REDEMPTION
:
Company and Issue—
.
Chesapeake & Ohio—
Ref. and. improv. mortgage 3Vis, series E, due 1996—Feb
& Western Indiana RR.—
'
~
\
:y" '1st & ref. mtge; 4V4% bonds, series D, due 1962-i——Mar
First mortgage 3%%
First mortgage 2% %
1st
1st
1st
308
189
-
.
Cleveland
Union
' 308
'
1
ff
Cincinnati Union Terminal
-
,
§2814
1
,1
CO.-4-
".
.
'
,
.
§2639
1
bonds, Series E, duef 1969
;_Feb
bonds, series G, due T974—;.-i_Feb
.
,,
1
1
1
68
68
68
Connecticut River Power Co.—
3%sf.series A,
due 1961
•Cornell-Bubilier Electric,Corp.—
$5.25 preferred stock, series A_
—
—Feb. 15
*
.
——Feb
1
68
Elgin, JoUet & Eastern Ry.—
1st mortgage 354% bonds, series A, due 1970——Mar
1
/Empire Gas & Fuel Co., 3y2% debentures due 1962—Feb
1
Evershap, Inc., 4'/2fa cumul. conv. inc. debs., due 1965-Feb 23
Food Fair Stores, Inc./ 3debentures^—
Feb
1
Illinois Power & Light Corp., SYsfr deb. bonds due/1957-Mar 1
Louisiana
1st
&
Arkansas Ry.—
309
•
—
70
72
Mar
1
1
314
(Wis.)—
mortgage 3'/2S due 1964
.Philadelphia Electric Power Co.—
i
1st mortgage 5Vfes du 1972
Philadelphia Rapid Transit Co.—
:
Collateral trust 5s, due 1957—
Mar
1
314
peb
1
§3196
—Feb
1
"76
_
,
-Feb
4%
■
1
317
—Feb
15
§3080
""""
"
Chien-Marquecte Bridge Co.—
1st mortgage 6&s due 1254
.Safe Harbor Water Power Corp.—
-
' ■;;;■
du
preferred stock—Feb 15
■
"Announcement: in.this issue.
'T"'1.1'
'L
r
Feb
2
111
194?—^_Feb
1
231
1
WashSgSn" TwminaTco11—ed 6% bonds"series A——Feb 1
319
.
1st mtge. 5
series
bonds,
1952—Feb
a,'due
1970
west Virginia Pulp & Paper Co.,
bonds,
ord of
_Feb
pfd.. stock
..i/y
' '
m
'
4
1
'-v
under
227
+
21
+
—
U.
accounts,
Gov't
S.
Aliis-Chalmers
issue—^
1,1
When
Aircraft
*
Extra
pfd.
Cement—,.———
American Barge Line (quar.)_:
—
American Business Shares,
r
American & Foreign Power Co., Inc.-$6 preferred (accum.)
$7 preferred (accum.)—,—
American Smelting & Refining Co. (quar.).
§2822
•
(quar.)
Co,
Arkansas "Natural
50c
2nd preferred (quar,)——
5%
preferred; "B"
VA'':pftl. (quar.)
,
25c
(quar.)
....
(quar.)
10c '
Automatic Products Corp.
pfd. (s-a)—
Machine Tool, GVe pfd. (accum.)_
Berkshire Fine Spinning Associates, common
$5 convertible preferred (quar.)v—-—-—
Bliss (E. W.), 5% conv. preferred (s-a).™
r
6% convertible preferred (s-a)_
.Boss Manufacturing Co
:;Bruck Silk Mills,; Ltd.^—--^^__i^^„—
$3
37Mjc
Corp.
$1 '
(quar.)
3- i
75c
50c
;;Buckeye Incubator Co, (quar4)m-————
.5C
-
t
AVn%
"
.
1-23
20c
2- 1
3- 5/
3- 1
1-23
2- 1
1-31
15c
'
3-1
1-31
3-11-3$
$1,12Vs
(quar.).-.,
Co,
' 1-24
2-1
$1.50
10c
'
•_—
preferred
Byron; Jackson
•
(quar,)___.
MIg.
Co..
Atlantic Refining Co.,
Beriand
Shoe
stors,
3%
inc.,
4%
conv.
pfd. stock
Niagara Electric
Caiifornia
.
5y4%
&
Power
Electric
.
convertible
4
•
15
306
i;
doe lS8t--_Peb
1
preferred stock—Feb
14
t
convertible prior preferred™—.
California-Western States Life Insur. Cb.a.
5'/»%
3- 5
3-15
93c
"'50c,
50c
307
4- 2
—
prior preferred stock——Mar
5
industrial,
and
,;:
vv^ ; r.
agricultural
?^
;
mortgage
Canfield
Chicago
Oil
5s,'series
Co., 6%
Burlington
CciSmbS?
&
a,
due
1955——
Mar
—
preferred stock^.^——^———Jan
& Quincy RR.—
.
B^&mOhio10Ekctriorcm—1974
Series
b
preferred stocks
commonwealth Edison Co., 3%%
due
1
308
.
"Pel>.1
1958——Mar
-
l
9
52813
§2815
.
»
'
(
creased in nearly all districts, and the total increase at
all reporting member banks was $222,000,000. Holdings
of Treasury
bills and of Treasury notes increased $72,-
2-15
2-28
4-
50c
3-15
3-15
3-15
1.
4- 1
4- 1
$1.50
^
,
60c
'
Xeritral Arizona Light & Power Co.-—
'
$6 preferred (quar,)..
$7 preferred (quar.)
purchasing Or cairying United States Govern-
purpose declined $83,000,000 in New York City and a
total of $115,000,000.
* *
v
*>'»
t
"
' , '
Holdings of Treasury certificates of indebtedness in-
308
;><
Feb
debs,
:
'
75c
v
2-
1
$1.75
2-
1
1-15
1-15
3- 1
2-15
-
/Central
Central
Chain
Foundry Co., 5%
Louisiana
Store
conv. pfd.
Electric Co., Inc.
(auar.')
(quar.)
' $1.25
-
Extra
'
-50C
50c
7
—
Copper -Co..*./..™.......
^City Title Insurance (N. Y.) (quar.)
Colonial
/;:/ 47c
2-15
2-1
>//;/'/■'/:•
"2- 'l;/■-:i-15" 2-1
1-24
.
$1,6^Vi
/; Chicago Wilmington•& Franklin Coal (quar.)
Chile
40c
/
"
Investment Corp.—
$6.50 preferred/(quar.
;/
Stores. Inc.,
preferred
common
(quar.).
1
$1.50
•
ment obligations declined $'27,000,000 in the Chicago District, $17,000,000 in the Boston District, 'and $50,000,000
'at all reporting member banks; other loans for the same.
*
i
3-10
4-25
3-20
4-15
.
3-20
3-1
1 2-15
2-1
1-18
2-11-18
.
5c
•
—
Caterpillar Tractor Co. (quar.)..Carthage Mills,: common..
6%
preferred A> (quar.
6% preferred B (quar.)___..™_
m-
.
1st
Extra
t:
:
loans
3- 1
-
.
.
£deaV*
53068
'
Co.—
Commercial,
3- 1
3-15'
Co., Ltd., V/ati pfd, (quar.) J$i,12ya
Canada Northern Power Corp., Ltdi-—
•
/
,i,
Common
(quar.)—
J15c
7c/o preferred (quar.)
J$l,75
Canada-Vinegars/Ltd. (quar.)._■
115c
Carolina Insurance of Wilming^n, Del. (s-a)
65c
Extra
Canada Bread
creased $38,000,000 in New York City and $54,000,000 at'
§2142
5%
W demand deposits adjusted.
.
188
1st mtge.. 5s due 1951—Any time
Corp.,
Co.,
Power
y:ar
debentures due ,1953———Feb
7% conv. pfd. stock—/
Feb
series B,
Buffalo
Butte Electric
United States Government obligations and $344,000,000
1-31
2-15
25c
California Electric Power Co.—
/ /
ended Jan. 16: Increases of $496,000,000 in holdings of
1-24
1-31
25c
Buckeye Steel Castings Co., common
6^ preferred (quar.)
Burroughs Adding Machine Co
Butler Brothers, common (increased)
Extra
162.
2-15
1-31
3c
/Extra ''™——■
'
2-20
2-15
2-15
2-13
2-1^
2-1
,
2-25
3-15
/120c
15c
»i.
cities shows the following principal changes for the week
62V2C
s^Buck Hill Falls/Co. (increased ;tinar.)w.——
——
s 2- 2
3- 1
3- 1
31.25
■
§2862
320
3-15
3-18
2-8
2- 8
2- 8
2-15
2-15
2-1
2-14
3-15
3- 1
4- 1
2- 1
2-13
*1.05
Baldwin Locomotive Works, 7%
Bath Iron Works
2-16
4- 1
3-30
3-30
'3-1
3- 1
3- 1
3-1
3-1
2-15
25c
15c
10c
45c
*1.50
$1.75
25c;
—
—
pfd. (quar.)_„_
Gas,
Autocar Company, 5</« conv.
§1930
The condition statement of weekly reporting member
2-18
2- 8
2-15
.
Bausch
banks of the Federal Reserve System in 101 leading
3-11
3-U
2-28
Sl.oO
*1.75
Associated Dry Goods Corp., com. (incrsased)
Qe/o 1st preferred (quar.)....i.
♦
•
2- 1
2- &
15c
4c
Ashland Oil & Refining (quar.)
Tfc
—•
3- 9
2-15
2-20
Portland
American Stores
§2824
319
232
; 320
233
3- 4
3-4
25c
—-
——
Allis-Chalmers Manufacturing Co., Ar/o
Alpha
1-21
1-24
1-29
1-29.
2- 1
2- J *
3- 4
12VaC
$4
pfd. (quar.)—
Alaska Juneau Gold Mining Co. (resumed)—
§2822
§2822
of Ree.
10e
*1.25
12Vac
Radio Corp.
Alabama Power Co., $5
196
Bolter*
>>
Payable
Share
Name of Company
• °
§3078
1
15
28
15
30
"
this week are:
Per
•
In the
the
tables.
industrial and Miscellaneous Companies
§2647
'
1
..;
-
issnEs caixed
2
16,578
—
Company and
275
'v.
Department'* in the week when
The dividends announced
Gondilioii StsfciiiGtil of Mciiilifif Bsoks
*
entire issues taften
1,630
1
+
declared.
196
358
is
+
11,243
with a second table in
we show the dividends previously announced, but
have not yet been paid. Further details and rec?
past dividend payments in many cases are given*
the company name in our "General Corporation
196
§3i22
i
-Feb
'
and
and Investment News
§1516
Jin Volume; 161. /; §In Volume
,.s
.
§2312
2%%
73
§2151
,
318
'"■■■■■■
„
1st mortgage 4'/as due 1979
Co.,
which
73
due 1958—
—Apr
1
*
Texas Power & Light Co.—
6% gold debentures bonds, series A, due12022,,—July 1, '47
$2490
Textron, Inc.; prior preference stock
-..Feb 1 i §2313
United^^Light & Rys. Co., 5Vi;% debentures due 1952-^—Mar IV } §2862
Wabash Telephone Co.—
/;
1st mortgage 3'/as, series A & B, due 1964-1965
—Feb 11
357
Wilson & Co., Inc., preferred stock.—————Feb 20
§3241
,
—
2,042
+1,726
+ 3.408
65
bring together all the dividends announced
we
which
194 -
.
1
Syracuse Gas Co., 1st mtge 5% bonds due 1946
Any time
TACA Airways, S. A., 4% convertible notes, due 1948
Feb 13
Taylor-Wharton Iron & Steel Co.—
Collat. trust (now 1st mtge.) YVaVw cumul. inc. bonds
*
Feb
1st
'Salmon River Power
A, 1948—Feb
.
Northern States Power Co.
Rochester Gas & Electric Corp.,
§2644
.
1
1st mtge. 5s, due 1952
—Feb
Schumacher Wall Board Corp., $2 preferred stock
Feb
Spalding (A. G.) •& Bros., Inc., $2.25 preferred stock—Jan
Stanley Works, 5% preferred stock——1-—
T —May
Strawbrfdge & Clothier, 5% preferred stock
—
_Jan
Southwestern Bell Telephone Co.—
1st & ref. mtge. 3Vfe% bonds, series B, due 1964
Jun
-
series A, due 1969
Lynn Gas & Electric Co., 2% % notes due 1958
Missouri Telephone Co.—
4V4% 1st mortgage bonds, series C, due 1961
mortgage 5s,
Prairie
1947-1949——_i——ik-Fe^
Salmon River Power Co.,
§3191
+
16
+
current week.:? Then we follow
Telegraph Co.—
...
; . Ref. mortgage:3M bonds, series B, due 1966
-Apr 1
§2187
Philadelphia Rapid Transit Co.—
r
"
a
.
«■ S
■
5% and 6% bonds due 1962-——Mar 1
§3079
Philadelphia Transportation Co.—
r
1st & ref. mtge. 4% bonds/ series A, due 1969^Feb
1
§3080
Radio-Keith-Orpheum Corp., 6% preferred stock-^—-Feb
2 '
110
Railroad Employees' Corp., 5% debentures/ due 1956
Feb
1
318
Reading Co. Jersey Central, coll. trust 4s due 1951
^Apr
1
§1678
Reliance Electric & Engineering Co., $5 conv. pfd. stock.Feb
1
110
Root Petroleum Co., $1.20 preference stock
Feb 15
231
§2639
.
344
+
Dividends are grouped in two separate
first
■■■.
Pacific Telephone &
mortgage 5Va% bonds, series A
:
Apr
mortgage 5% bonds, series B———Apr
mortgage 4%% bonds, series C
————Apr
1st mortgage
due.
Oklahoma Pr.'.& Water Co., 1st mtge. 5s, ser.
Co.—
Terminals
■
Newport News Shipbuilding & Drydock Co.—
$5 convertible preferred stock
_L_Jarr 31
Niagara, Lockport du Ontario Power Co,—
»
1
; ■ 1st mtge. and ref. 5 % bonds, series A, due 1955—.—Apr
1
Niagara Share Corp., AVi'/c preferred stock—Mar 7
-North American Co,, 5%^ preferred stock—
—Jan 3t
Northern New York Utilities, Inc.—
1st lien & ref. 7% bonds, series A, due 1946——Any time
1st lien & ref. <ofo bonds, series B, due 1947—
Anytime
§2636
^
'2
3VaS, series L, due 1970—_^Feb
Chicago
&05
5
mortgage 6s,
1st
+
DIVIDENDS
311
311
Feb 28
:
preferred stock
'National Sugar Mfg., Co.—
,
,1
Page
Date
.
Aireoh Mfg. Corp., preferred stock-—Feb 28
Buycrus-Erie Co., preferred stock--—
.'-Apr
1
Carolina, Clinchfield & Ohio Ry.—
h
1st mortgage 4s, series A, due 1965—
-———Mar 1
Central Maine Power Co.—
'
-
1st and general mortgage
'
|
.
'
^
37,728
9,477
16,209
deposit accounts except
311
..
Department Stores Corp.—
'
l
+
1,177
demand
to
Interbank
,
233
-Jan 28
234
78
during week
SerieS A» ^ 1950
—
Pel} 1
Manila Electric RR. & Lighting Corp.—
5% 1st lien and collat. trust bond certificates.
Mar 1
McCord Radiator & Mfg. Co., 6% debentures of 1943—Feb . 1
McCrory Stores Corp., 5% preferred stock—-—.
Jan 28
MerchantsFire Assurance Co. of N.Y., pfd.stock
-Feb ,1
Morris Plan Corp. of America?
Collateral gold notes;1 series of 1929 due April, 1946-Apr 1
WW
yWuL
bonds due 1946—
.-—Any time
o^e«1 Vcf
Jmnrfe
poh
San Francisco Terminal, 1st mortgage bonds—
Feb oft
28
i
o*.
941
30
§3074
——Feb 15
—
Feb, 11
Indianapolis Motor Speedway Corp.—
1st mortgage .6VaS, due 1946__,—_—w——Feb; 1
International Power Co., Ltd., V/o preferred stock—Mar 1
Kansas "City Southern Ry.—
Texarkana & Fort Smith Ry., 1st mtge. 5bonds,
315
•
stock—
+
—
162
•
,
.
476
200
+
+
Foreign banks..
§1513
Wa% gen. mtge. goid bonds, series e, due 1977—July i,.'47
Houston Natural Oas Corp.—
.....
...
deposits.
O. S. Government deposits—
Interbank deposits! Domestic banks—
au
Illinois Valley Telephone Co.—
1st mortgage 4s, series A, due 1964
•
.
Page
18?
:
cumulative pfd.
77c
Co.
Pacific Ry.,
Central
Mount
M.)
•
Date
Feb 1
Company and Issue—
.
Demand deposits adjusted
Time
Debits
1st mortgage 15-year 4% bonds due 1955
"
Byers
:
.612
+
Liabilities^-
:
i9i
70
;
Jan u
-
5,350
+
—
28
—
2,526
Balances with domestic banks....——.**.
3191
Jin 30
Corp" S5 PteIetrcl1 s!ock
917
+ 2,638
—1,223
2
9
48
398
+
—
26
+
Great Northern Ry.—
r
-
0
due 1945..
222
+
•*
Feb 21
i*t mortgage u
bonds, series A. due 1949 — —...Feb 28,
Filene's (Wm.) Sons Co., 4% %■ preferred Stock——Feb 1
.
1
-
Corp?r$1.25 pfd. stock—Mar 1
-
"Chronicle."
.
V '
.
68
§2815
—-Feb
—
4Vs%: preferred stock———
Inc.,
Press,
fXaf
preferred and common stocks called for redemption,
Including those called under sinking fund provisions.
The date indicates the redemption or last date for making tenders, and the page number gives the location in
1
1
debentures, series A, due 1958
67
72
27,003
•"
3,367
Reserve with Federal Reserve Banks
—.
10,375
€ash in vault—583
§3071
Mar 15
prior pref. stock/Apr
Corp., 7%
48
—
,
24
+
2,030
Treasury certificates of indebtedness
12,593
Treasury notes^^.a^.—1—7,994
Treasury bills————
Other securities—
Continental Gas & Electric
1,101
+
3
5
+
'
1'
+ •
—'
/ 421f
Obligations guaranteed by U. S. Government
Golls ond Slilklllfi! Fund
®
58
2
4-
55
1,708
O. S. bonds
(M
378
50
1,586
...
—
l, lol
.562900*
rate.
Redemnl
871
pur-
Loans to
.
•Nominal
for
Other securities——»..
.658300*
.562900*
dealers
Real estate loans^——
.562900*
.658300*
,
U. 8. Government
3.227000
4.005000
>•-7562900*
.658300"
.562900"
-
and
Other securities.*—.
'■
3.227000
7
4,005000
.
brokers
to
Other loans for purchasing or carrying:
,904791
4.005000
3.227000
4.005000
'
2,873
4-
chasing or carrying:
U. S. Government
.904375
7
Loans
:
.909090
*
3.227000
..'
3.227000
-
——•
,
8,585
+
—
7,296
,379327
.909090
.
4-
86
54\
15,224.
>
Commercial, Industrial, and agricultural
;
.205800,
.
.379327
.909090
.905000
.905625
;;
.205800
.379327
4-382
68,220
.301215
"
Union of
—
.301215
Investments—totals.
Loans—total—^.
.008410
/
,205800
,
.909090"
.379327
.905625
+■»•«»>» *• ***■? y* ^
•
17,
1945
$ :-:-
.
Loans and
4.033750
-.301215
-7.301215
.205800
.909090
•>»>-
4.033750
;; i ^008410
'
.008410
"
'
-.205800
.569800*
.569800"
1946
'
Assets—
,
.7
Jan.
Jan. 9,
194G
•
.
.907109
906875
.4.033750
.008410
.909090
.909090 V
/ "../
.569800*
4.033750
'
7;; Controlled————
Noncontrolled——,——
.V'W .906718
-
/ .569800*
,7
.008410
.
::-:7/.i.90909a/A7/
.909090
*
Newfoundland, dollar—■
v- Official—
Uruguay, peso—
-
v
.v;.
4.033750
.
,
.008410
(.British), rupee———
Mexico, ...peso-L—■———•Netherlands, guilder
*
————
Free—„
.569800"
.569800",/
India
1
:.
.908125
•"■/
4.033750
(Metropolitan) franc— J—
France
i
.909090
7//;909090
—
—-—-——•——
16,
50c
'
(quar.)
.
•
-
2- A
2-26
1-21
1-2$
2- 8
" 15c
* 31'/4C
3- 1
1-15
2-18
5Cc
3-1
2-18
,
■
THE COMMERCIAL & FINANCIAL CHRONICLE-
dumber 445§
Volume 163
When
aflame of Company
(quar.)____
Companla Swiftlnternacional (quar.)::_;.--_.
Conduits National Co., Ltd.
(interim)
_
Consolidated Cigar Corp. (quar.)—!——•
Consolidated Gas Utilities Corp. (increased > .
Commonwealth Int'l Corp., Ltd..
Consolidated Lobster, Inc.
vf Ree.
3-
^2®.
•
x
6fc
3-30
.
1-31
-
■
"
'
83c
'
-
'
;
preferred (s-a)
Dodge Manufacturing Corp.. (quar.)—
i ?c$r/o
participating
Domestic Industries, Inc.—
■
■
.
-Extra
-.J!——
,
J"
(Pittsburgh
Duquesne Brewing
1-31
2-13
1-21
2-1
1
2*
1
••2*15
2-8
-8-.12
2
2-5
.
(quar.)—
Compress & Warehouse
2-
2-15
2-15
Finance Co. of Amer. at
Glass'
Bait,, el. A (quar,),
B
(quar.,,r
Firestone fire & Rubber Co.*-*
•
-
2-il
,
2-26
2-
1-26
1
.2-14,
5-17
3-
11-15.
1-31
3-15
,
Trailer Co.
Fruehauf
Co.
Gamewell
(quar.)
3-
..
2-13
y;.2-
3-
2-15
—
Standard Oil
1-16
.
,
15c
-
37%o
(quar!)-a
Knight Co., Tio pfd. (quar.)
Inc.
1
1-15
2-15
2-1
2-15
2-1
4-1
3-
1-30
3-
2-
1
3-
v:
.preferred (quarilu**.*^
California^ (quar,)_4i«iv-.i*,
of
1 $
50c
.
#:
Tradesmen*? Nat'l Bank & Trust Co. (Phila.j—
"
2-15:?
2-11
1-31 <
3* 1
40c
Tampa Electric Co. (quar.)—
Thompson ( John R.) Co. (qua
.
3-15
2-
2-15
2-15
2- 1
•
28c
vm
1
:
$3
Blue
i:
2-1
1-19
2-15*
1-30
2*15
1-30 >
2-15
1-25
;
2-
1
2-
1
2-15
2-
$62%o
2r 1
lll*>
''.VA--
Uriioif Storage Co'. tquar.)__:;_„'_w___..^-.
'2-ll 1
' 28C
2-1
'
20c
-
3-1
50c
-
2-1
BohaCk
Co.___
(H. C.),
3-12
3--1
1-31
1-15;
f 1-31
:
,
Car
Co.
1-23
•
1*28
1-21
2-
25c
2-
3-1
5®
2-
2-15
$1,50
White
(S. S.)
Dental
Mfg.
Williams (R..C4 & Co
Woods Manufacturing C,04
4
,
—--j;
1
Instrument#,.
Weston Electric
"
4
Ironrite
Ironer,
8 fa
>,,v
$1.28
-
-
Bryant,
Inc.
3-15 '
4-
$1.50
3CC
.
-V
1-26
y
2-28 4
1
3-14
37 Vac
2-15
87Vac
!3-:"2;-
C
2-
,
\
-K
V)-.
■'
Below
?
(quar.)_.__
-2-25
6
1-53
1-17
dends announced tWs
'1-21
v.:.;-
2-15
3-
Common" B
>
Industrial and Miscellaneous Companies
&
Taylor,
Luther
1
2-13
'
1
2-13."*
1st
preferred
Manufacturing Co.
1
3-22
3-
1
,'$2„
2-
1
1-15
2-15
2- 5
25c
2-28
2-15
20C
,
..
.
3- 9
2-25
$1.06 y4
3-31
2-15
1-30
1-22
1-30
1-22
Merritt-Chapman it Scott Corp.—
6faf* preferred A (quar,)i^i-._^--.»;!;^J-.
$1.62%
3*11
$1V4C
3-
•
*
:
97%c
1-31
B
Monroe
.
'
Amerada
«
.
$1.25
Chemical Co., $3.50 pfd. (quar.)—__
Chemical Co., common (quar.)—
%$4.50 preferred A !(;s-a
"S4.50 preferred B.? (s-a)
$4 preferred C
1-22
^4- 1
6-
(quar.)___
5-10
6- 1
2-
preferred (quar.)—t———
National Cylinder Gas (Del.) (quar.)_
$3
.r 3-
20c
preferred (quar.)_—_—________ ; $1.06
Gypsum Co., $4.50 pfd. (quar.)__
41.12%
H Ngtignal Oats CO.- (irreg.)—_ v
25c
National Rubber Machinery (quar.)—!—
25c.
Naumkeag Cotton, Co._____"—
40c
Naumkeag Steam Cotton, new--.—
40e
8
;
2-
(N. if.)—.
Neww'Brunswick Fire Insurqnce:Co. (s-a
NeW!York Hotel, Statler Co. ^*extia)'_i!Cia-"
New -Amsterdam Casualty
■'
;•
(img.)
6
2-
l
■e
2- 8
-
'•/, 2- 1
2-4
1
1
;
: ;5%
;
■
-
v.
v- $3 •
soc;
;;v.:; 6 %
2*
3-.1
2-14
3-
2-13!
I
preferred
-
River. Iusuranee Co.
Noyes (Chas. F.) Co.,
(quar.)
pfd. (qUaf.)______;
Common
y
25c
22 Vac
3-9
-■
2-
1
'
_—
2-
1
1-28
5%(&
Acglo-Huronian,
#2-15
50c
y,2- 1
1-23
<
3-15
#y;50c;y:i
;
3-
30c
-
;
^ 31.75
:_i__
3-28
1-21
.
2-* 2
l-
5
2-
V
50C
2-
1
2-
1
2-
1
•
-
:
above issues.
.
H
1-21
1-21
*
$1.30
^
; ;
.(quar.)
•
:
20c
1#; 400
yi $1.80
(quar.)i,_*:______;______- ;
$1!5C
i68%a
iioo
:
.
7- 5
0
6-22
3*11
Chain
Co._J__-~_-
Chain Store Real Estate Tr,'< increased
Champion Paper &
12-31
quar.)
Fibre Co., com. (quar.)_
2-8
1-10
1-31 0# 1- 9
■
" $4.50
Charis
1-
,y
2
1-
ii
2
2- 1
3s .1
:y: 2-
;
1
$12 %c
2-15
2%
56%c
2-
.
1
1
12-31
# 2-1
y 1-16
2-
?
37%c
1-30
2-10
2*
i
1-11
1
2*
25C
V
1-15
1-7
12 %c:-
.
$20c
;
1
2* '4
1-11
.
#1-17^
20c
S
1-31
1-20
2- 1
1-10
$4
:
1-21
2-15
2-15
w
:
*r2X
preferred "(quar.)___——
Corp. (quaf.
2* 1
35c
#
$1
$1.50
43c '
,
500
v:
1-10
1
2-15
2-1
$1.23
# 1-15
3-
2-
1
2-1
m
•»*•***■■]
2-1
1-24
4 2* 1
1-18
2-25,
2-9
2-
1
1-21
2-1
1-21
25c
3-11
2-20
250
#
25C
35c
800
--1
-Extra
1-17 yy
2- 1
3-1
2-1
:# 1-81 /r-
i $1.73
Century Shares Trust (irreg.
Cerro de PaSco Copper Corp.__-—_—
Belt
;
2-28
1 f y 2-28
2- 1
-
:1-25
12-31
3-
15c
Ohio; Steel Products Co
Central Power & Light—
New 4% preferred (initial quar.)—_——
*
# 2-11 ;02- 10;
;
1-31
-
# 3* 1 y
$100
Corp.#"" ;
5^.v:;preferred;(quar.)-_ii_-»»i#-##^**^
; 6% -preferred1<fc pref^erred"_s.^_—^
1-11
1-31 y# 1-210#
6-22 •#
7-5 0
3-30
•
1-10
12-31
1
:
W
1-10
3-15
-i$5
•
Central
.
$1.25 V
.
1-10
2-
j
,
:
2-28
2-
Central New - York Power
1-19
1
y
preferred (accum.)
——
preferred (accum.) J.^--——_______
The arrears are now cleared on the two
*
7*
3-
5oc* •;
4-
2-
*$$1.75
6To
3-20
# 4- 2
#y«-$2-# ;
(year-end)_
;$6
■
1-19
2-22
12-28
12c
(quar.)
Central Illinois Public Service Co.—
,
# 2- 4
i
-1-15
2-1,
f
2"
$260
#
Common
1-15
2-1
y
$2
g
2-15
I
# 2- 1 ^ 1-14*
20c
37 %c
2-15
3-
t
? 30C
'
2-15
,
3-1
75c
:,y
1
.
1-31
A
1
3-20
$12%0
preferred
<quar.)_
—
;5To preferred (quar.)
Celtic Knitting Co., Ltd—
—_—
Central Electric As 0as Co. (s-a)_^.__
Central Hudson Gas, & Electric Corp.—
2-28
••-y
(s-a)
2-
$$1
$18%0
(accum.)___
Ltd
Canadian investors Corp., Ltd.
(qUar.)___^
Canadian OU Cos., Ltd, (quar.
Canadian Pacific Railway 0% pref—.:
Carrier COrp., 4%To preferred (quar.)_____
Cafetfe: (A; M.) & Co, (irreg.
1-15*
1-15 '
y
-
Canadian Investment Fund,
1-21
1-31
ly- m 2-15*
•# 1*31 ?,
2-15
.
Celotex Corp. com.
Corp,,-copiffion (quar.)—_
Ltd,
•
50C
1
3-
-(final)'i---__#--«—- .■$$l-i75y- # 1-31
Cftiradian infci Divestment Trust, Ltd.#* •
1-10
y
2-15
preferred, (quar.)-___i___v_4._^_^_i,_;_';; $$1,25
5To
1-15
# 1-15 '
3- 5;
.-Class ; B';
l-24«
2-1
$3.50;
*
(.quar,)__
preferred
1
1
2-
18c
__—
75c
.
Anglo-Canadian Telephone Co., CI. A (quar,)
"
1-17
<
An glin-Nbrcrbss » Cotpr (in (tial
1-28
2-1
1
25C
:
1-25-'
2-20
1
2-
1-18
'
North
3-
j
'"
1-15
•
preferred- ('quar.)___':
8 :
2-
2-15
,(monthly;
(quar.)i__ v
2-13 V
:
V
1
3-5
62 %C
Sugar Refining, com.
(quar.
Bottle
2-
I'-1 #
3-15
Packing
Ltd.—
#•1-15#
1
2-
75c
-
-
.
1*12 :;5
2:
•50c
(quar, f
1-29
1*29
v-:
2-
"•
$20c
$380
Funding rights (year end)
Canadian Converters, Class A (initial quar.)
Canadian Food Products, common..^..
Class A (quar.)^u__;___——._4_—
Canadian Industries class A (filial)
1-21
2-1
2-
?
Anclioy:PostFelice;Anderson; .Cl'aytod i&'.Co.
'
2- 5
?25c
Mills
Canadian Celanese,
1-31
750
Amoskeag Co.,- common (S-a;
$4.50 preferred' :(s.-a)
f $2.25
AmjKio Meta'l/V Iri'c.* 7 (year-end)
1 I • ioc
1-21*
2*11
3-9
4
*
.
1-19
'
75 c
preferred (quar.)
preferred
Thermos
2* 1
1
-
25c
common_.:___^___
Products
•
5To
75C
■
& Hoe,
"American .ZiQc Lead & Smelting— ,
; $5, convertible prior preferred (quar.)
'
9
2-28
;
or
.
A2'
1
&
American Viscose
'
*4>';'5 Extra
Consolidated
3-
2-8
!
50c
75c.
-7'A
American
2-19
% 3-25
'
Oil
2-16
:
;
:
"
$1
50o
Newport. NeWfl "Shipbuilding, & Pry, Dock Co.
f Norfolk <& Western Railway--,Co. (quar,)a_o-i: v? $2,50
V North Ameiican
.2-9-
1
3-
2- 1
•
^
preferred : (quar.
preferred (quar.).ii
American
1
1
";vj 3-
4-
$$1.25
t$2 \
*.
American Light &<Traction» com.
6 7<»* preferred (quar.)
9
3-
,
1-31
50c
(quar.)
American Steamship i(quarO—
American Stove Co, (quar.)_,
•-3-
•
Cone
American Home
•
;
'4V*%
1-14
1-15
1
'$2.50
>
2-28
National
1
1
3-
v>, ^ «
Co.
American General Corp. $2
4-15
$1.75
-
4
4
37 %c
Corp., com.
(quar.)___
62%0
5%
preferred
(quar.) ■m* *- HMt>Hmiki ***•«■+ mm mm •»*California Water St Telephone Co.—:.
1 y
300.
$1,20 preferred (quar.)______—
—
Canada Cement, Ltd., 6%% pfd. (accum.)__ $$1,62%
$$1.50
Canada Southern Railway
(s-a)—
$250
Canadian Breweries, Ltd. •
$37%o
Canadian Bronze Co., common; (quar.)-r--$50c
,/-■ Extra;
-t—
if-,
Semi-annual
5-10
2-15
.
2-
2-
130c
Can Co.
American Fork
5-10
3o«"
'
^7%
•
9
1
£
$1
__
2-
"6- 1
$2
——^
1
1-25
12%C
ala sh. of class B stock
Pretzel, 1st pfd. (initial)
American Distilling (initial, quar.) ____._i.__
American Equitable Assur, Co. of New York—
3- 4
3-
50C
,
1-18
1
y#150':
:$2,75 class A (Opt. div. series of 1936)
American
•2-28
$2.25
(s-a)--.—-—-
•
1-22
87 %C
/
1
2-
13%C
(quar.)_.
(quar.)_________
American Cities Power & Light Corp.-—
American
2-28
% 42.25;
National.Biscuit Co., common
o
1
2-1
3-15
3-15
y Nashua Gummed St Coated Paper (irreg.)
;:
2-
250
Corp.
Petroleum
American Book
1-18
$1.25
tlrreg.J—
Monsanto
;
4
2-
50C
:
60c conv.
(optional) cash
;
--Class
3-
A- 1
27 %C
*
Aluminum;'Ltd.; ;common;_i_—
WA -:preferrtdrt.(quar.)!«^__^^._^i.'l:_i__;a+i > $$1.50
:• 12%C
Amalgamated Sugar, 5% preferred (quar.)__
2-18
Metropolitan Edison,'3.90'/«-pfd. (qu&r.)_-__
Michigan Central
Mississippi* Valley Fublio Service-—
^
.
iCommon (increased quar.
,-"vv5^ preferred (quar;)
g Missouri-Kan sas Plpe: Line Co., com.: (Irreg.)
5
.
5%::rpreferred:^(quar.)--_WT..w!,^r-Wi^i-.W'3
;
'"
>
:
preferrd (quar.)-.;^—
Aloe-:.(A, ,S.)Co. f (quar.)
Aluminum Co. of Canada; Ltd.— ^
.2- 6
1
-
"*-l-12t
2-1
.
of Ree.
t$1.75
(quar.)-ii—
Aireon Manufacturing Corp.—:
2-14
■
•
preferred
7%
Bolter*
Payable
■
Agnew-Surpass Shoe Stores, Ltd., com. (quar.)
»
2-15
Metal Textile Corp., $3.25 par tic. pfd. (quar.)
;
$i
15c
45c
"
Admiral Corporation:j-;.'
Aoronca Aircraft Corp. 55c conv. pfd. (quar.)
:
2
3-15
-
Share
,
Adams-Millia
2-16.
$1.50
(o.uar.)
Madison Square Garden
Mallory fP. R.) As>Coi Inc.-,—
Marshall Field & Co., 4'/afa pfd. (quar.)
Massachusetts Bonding & Insur. (increased)
M®ler jte,Ftrank Cct:'(• quar,
2-
4-
(quar.)__
3-
2-15
<
*
$140 convertible preferred (quar.)
Corp.
(iVreg.)i'«l_!i!._;-__l._!j;
'
1
15c
^Lynch^prp^
v
Heme *f Compdnp
Acme Aluminum Alloys—
50c
6cin
Hitem
Per
9
2-
Common
California
1-31
3-
Cotton
2-28
3-
■
75c
Lindsay Light & Chemical Co
Lock Joint,:Pipe, 8% preefrred (quar.)v
Lord
/'•>
Linen Mills, Ltd., "common...
80C 2nd participating preferred (quar,)—
,-
#-.2*15#
$1.75
(quar.)__
California Elec. Power Co., $3 pfd._ (quar.)
9
2-
1 2-15-
25c
75c
,
2-
2-15
:
1
3- I
25q
.,.*2o.
3-11
12 %C
Co,, 7% pfd. (quar4-_-_!-_i
5
2-14
2-25
12 %C
X2%c
.
1*
-
2-28
2c
12 %c
Caldwell
California
2-1
:
—
j—^
trating- Co.y___^u_"_____-_--«—,
Byers (A. M.)
•
1-24
'
f'x $1.50 1st preferred (quar.
1
2-1
-
400
*
week^#these being giyoiv in* th^
^
-$1
:
■
m
1*19
'
;###■> «l#' #
class A
1-19
i
2-
$1.25, ■
(quar.) __—
(quar.
1-17
2* l
r
'
give the dividends announced in previous
weeks and not yet paid. The list dees not include divi»
;>
Bolt
2-1
Buffalo Niagara Electric, 5% pfd.. (final). 59 7/lOc ? i
$1 t
Bullock's Inc., 4To preferred (quar.) _______
Bunker Hill St Sullivan Mining & Concen-
2-6
1-29
3-1
41.12 Vs
(quar.)
Gold
Mines, Ltd. (quar.)__*—_
Liberty Aircraft Products Corp. (new)——
Liggett & Myers Tobacco CO., com; (quar; k '
.
"
i
Buell Die At Machine
Buffalo
we
2
25C
com.
.
1-31
46c
preferred
■
.2*28,i
2-15'
-3*- 1#
2*' 1 •"•
.
2-28
$1.25
«——
(R. G.) Inc.,
25ca
'
3-30
3- 1
3-I5*
.
t5c;
•
(quar.)
convertible
$4.50
Leitch
Brown Fence St Wire Co.,
1-31
:
>
'
Le Tourneau
2-15,
150c
31 %c I-
*
i;
"
preferred B (quar.)——
Kearney & Trecker—■
:
Kentucky Utilities Co., T'r Jr pfd. (quar.)._
Kerr-AddiSon Gold Mines, Ltd. (interim
Kinney (G, ft..) Co., Inc., $5 prior pfd, (quar.)
$6
Lane
2-15
IOC
,,
:
5
8
3-30
2-25
2- 1
250
.
,
t(td,; (quar.)-^«*
Industries^ Iny^- 5>% pid 4fnitiaU~Youngstown; ateel- Doo^tqiiar.)-,--*.;.-^.^^
Woodall
2-15
2-
25c
Kansas City Power?dE Light Cm—
2-
'•
3- 1
20c
.-/Jacksonville-Gasv Corp;,^*.*w-^!—
Johnson it Johnson
Knapp-Mobarch Co.
2-15
«
37»/ac
preferred
^v.;:
3-
3-30
3-11
$$1.50
.
.•
v
(quar.)-.-—_—
-
Jngersoll-Raihd -Co^VlquaKj^j-i^iU-*^--.'1'.
International Rys. of Central America—.
5'}'c
preferred (accum.)———
International Utilities Corp. (initial quar.)
6To
prior preferred (quar.
3- 9#
Roadway Dept. Store, Inc., com. (quar.)—_
—
>$J.75 % •\4-20:"/:^4-lo_c Pn, %% preferred (quar.)
Bronxville Trust Co." (N. Y.)
(quar.)
40c... 3*11,
2-25
Brooklyn Union Gas Co. (quar.)
30c
2-13
1*28 *
'
1-10
3- 1
15c
W; preferred (qu6f.)_;_r-—
2-1
-
3-20
,
7■
1*31 '
■:
2-15
,
2-i5#;
5;1' C
Vulcan Detin,ning Co,,;^comthon^^^i^l, ''i'fet.SOv -r3-20:
'
1-
2-20
.
.
Vogt"^Manufacturing Corp. (quar;)
?
2-
10c
(quar.)—
Huston (Tom) Peanut Co, (quar.)
r
1:
•.;2- 5-
$1.50
(quar.
Hotel. Barbizon. Inc. (qaar.>-itidd^-^y!--fi Mi> $2
i2yac
Hub.Loan Co., 5% preferred (quar.)
preferred
Motor
•'
.
1-10
■
1-28
:
-
,
1-21
2-1
•
-
*»—...«•
,
1-15
2-1
.
1-23
'
1-15 '
2-1
►
1-31
2-14
■
2-15
____
—
.
•
'
—
,
1
1:
Blumenthal (Sidney) St -Co; (quar,)
Bobbs-Merrill
2-20
1*15 l
12-28'
2-1#
Ridge Corp., $3 conv. pfd. (optional)
Payable in l/32nd share of common stock
k75c in. cash
-
25c
1-15
:-
2-15
,
Hudson
1*25
2-15
2-15
or
*
•
_
6%
1-18
:
"
Blue
2- 1
,
K
1-15
1
2- 1
'
-
(ektra)——.;;
1-15
1-31
2*
-
1-19
1-31
:
12 %c
— -
_________
mm
(Joseph) Co., common
1-31
2-1
*
73c
preferred - (quar.)
Corp., Ltd.—:
preferred (quar.)
w.«w
_
—
£
2*15
1
2-1;
20O
,
Ribbon
5%
<
#
1*15
&
Company_ii__!____——
Blauner's (Phila.), common (quar.)
^
3-11
-2-15
,
•
St Co,
(A.)
/ 2-18
3-1.
•
),:(quar.)i^—25s
<quar..)__^._^.ii.;i^.i^^i.
;• 40c
Strawbridge St Clothier, 6% prior pfd. (quarv)
$1,50
Stein
1-15
■
40o
-
Blair
$1.75
7*Jd 1st pfd. (aceum.)__—
2- 5
2-15
$1.75
Graton &
United Electric Coal Cos.
^_r_
25C3- 9
A
2-23
7%. 1st preferred (Accum. )____i^__—____
$3.50
'
"
"
■*. ♦
Bon Ami Co., class A (quar.)—
4 2- 8 #; United Engineering & Foundry Co.-—
$22 %C
3- 1
##
$1
Si; Common (quar.)
82%0
L- J
506
3- *5
' 2-22'. ■}A Class Bv(quar.)!!:__«!__!,_;__;l_A^!i.-Ui.-_.
3- 1
90c
Hancock Oil (Cal.), Class A (quar.)——
2-15
■
rpreferred;<-qti0r4_^_£»
'
25c -: 3- 1 ;
2-15
$1.75", r3-'52-22#> Booth Fisheries, $6 preferred (quar.)_____^.r 'A $1.50
?
United New Jersey RR. & Canal CO. (quar.) / $2.30
50c
Boston. Edison Co, (quar.)
3- 1
4*10V- 3-20 f
50c''
2-15'
.Class B "(quar.)—
^<
U. S. Fire Insurance;! quar:50c4
Boston Fund, Inc. (year-end)
v -970
2* 1;
1-28
25c
3- 1;
2-15
Extra :
'„>!
•
U., S. PipeV& Foundry !quar.)^,_:^_;!^i_!# rr:
160
40c'
3-20
2-28
3- 4W
25c
3-12
Quarterly
;
Hanna (M. A.) Co.. commoh__!—
683/4C
(Quarterly
' - . 40c
6-20 '
5-31 >
Bourjois, Inc.. $2.75 preferred (quar.)
3- 2
2-15
$4.25 preferred (quar.)—, $1.06%
Bower Roller Bearihg Co
-Quarterly
^
\ 40c*
9-20
,8-31
V ' 500
Havana Electric & Utilities Co.—,
5
'
t
Brandon Corp., class A______—____—
*W-Quarterly"
—___:—• ,
4oc
12-20
11-30
m 50c y
$1.50
2-15
1-21 !
6%* 1st preferred (accum.)iW-united Stores Corp., $6 1st pfd. (actum.).
7;
' $2 ' 2-15
2- 4
y Brewing Corp. of America (quar.)__^u__^__
Hawaiian Pineapple Co., Ltd
62 %o
^ 25c: •2-25
2-15C
Universal Insurance Co. (quar.)..__•
'
25c
3- 1
2-15
C British Celanese, Ltd.—
25c
3-15
Honolulu Cil- Corp.i^*.i-.-i^^^-;-.^i-^
2-25
Universal Laboratories, $2.50 pfd. (quar.)__
62%c '» 3-11
3- 1 i ;.y American deposit receipts (final)—_____
40c
2- 1
s%
Hooker Electrochemical Co., com. (quar.)—
2-26
>
150 "'""2-2S- '■
2- 4*;.; ; British Columbia Telephone 6% pfd. (quar.)
3^2y- ;• Utah-Idaho: Sugar Co. ( annttM);
$4.25 preferred (quar.)—
3-28
$1.06 >/<
$$1.50
Hdrne
1-21 '
"
2-15
•
*
'
...
9
1-15
2-1
3-1
,
.
"
1-31
1
3-
,
<>
2-14 "H
2-14
.
>
2-
k
Standard Oil €0; (Indiana
;
2-5
—
—
#.
5
2-I8
1
General
Goodall-Sanfoid.
,
3 $1V60 convertible
'
9%
2-15
,
2-15
3- 4
i,y':-$2--o: 2- 1,
Building Co
3-15
25c
Cigar Co., common (quar.)
;
3- 2
$1.75
preferred "(quar.)^-^**—1--^-.-:^
2- 1 •: #
50c
Georgia iJomc Insurance Co. (s-ja,).———
Garfield
'
1-15
3-1
,
# 2-15
ly
2-15
25C
—
1-15
2-1
'
62 %c
(initial)
(new)
1-15
2-1
■>
2-13
N
3-15
32.50
preferred (s-a >
Freeport Sulphur Co. (quar.)—-i—
1-16
2-1
,
v
non-cumulative
2-1
►
Foundation Investment Co,—* »"
$5
1-21
,
1-31
3-
1- 4
1-25 #
1#';
3-
2-1
_______
3-
2-13
2-14 "
'■
2- 1
.
8-16
1- 4
3-13
2-15
..
.2-26;
1-25
12-28
'
-
,
(quar.' $1.12%
>.4Vi*k. ■ preferred
•
.
.
3-15
#:
'
1-15
3-2
2-1
2- I
,
1
:-\2*' I!
1-25
.
•
Ir2l
'
2-1
__________
2-1
15c.;
y
2-1
,
.
2-28
.
25c
50c
,15c
•
>
1-15
.
•
1-31
2-23
,
25c
<«
-
2-1
'
1-19
.
1-24
:.(quari-)w.Ji'iA-—41.25 * : 6$5 preferred A (quar,
$1.25# '912$5 preferred A (quar.)
$1.26
"Extra
1-31
.
$5 preferred A
Federal
3- 1
_
..
•
'
■
1
1-19
'•
,
3
2-
1- 4
2- 1
...
-
9
9c
.
2- 1
»
,
3-
Eapt Coast Public Service
' ' $1
Eastern*Massachusetts Street^Ry.—
r :
6'7o 1st preferred (quar*
—41.90 !
6% 1st pfd. (quar.) (clears all arrears)—
$6
Erie As Kalamazoo RR; (s-av,
Erie Railroad Co., $5 pfd. A (quar.)——
$1.23
.
;
;-,Yyv.?' >■.;•
—"
54c
surrender of stock certificates.-..
1
1
preferred (initial quar,)—3VAO:
Dominion Bridge Co., Ltd. (quar.)————
J.t30c >Drackett CP;«t quar;
; , 12 l/sC /
'
Upon
_
1-31
2-13
5%
,
liquidating,: payable
-
2-15
3*
75c
25c
;
final
A
'
3-15
2-15
•
of Ree*
National Corp.—
Appalachian Electric Power—
$1.12%
4%% preferred (quar.) —»$1.12%
;
75c
Appleton Company (increased),
Argus Corp., Ltd.—
$$1.12%
4%% conv. preference (initial quar.)$$1,12%
...,
Holder•
Payable
.
.2-25
1
3-
Whe»
Share
Hame 0/ Company
.
Arlington Mills (qUar.;_!__'__—
.■;
$l
Asbestos Manufacturing Co.—
35c
$1.40 convertible preferred (quar.
3-15 ' !
Associated Telephone Co. Ltd,—
Panhandle East. Pipe-Line, com,- (increased)
62 %c.
3-14 '' 2-28 "
4Va% preferred (quar.) _______________ '■iv 22%d ■
•4%
preferred. :(quar;)_w!^_„-^-_-_—v_^
,
.
$t
4f I
3-15 :
$1.50
Atchison, Topeka & Santa Fe Ry. CO., com.
Peerless Cement Corp., .vtc—'.
25c3-^ 8
•
1-28
6% preferred (s-a)
$2.50
Peninsular Grinding Wheel Co. (irreg.)____
;
' 10c
2-15
1-26 '
Atlantic City Electric, 4% pfd. (quar.)
*:>#■:
$1
Penn .Investment. Co. (Phila.), $4 conv. pfd.
90s ;
1-30 '
1-18
Atlantic Ccast Line
!! '* y;
' $1',
Peoples Industrial Bank (N.'Yv) ts*a)_-^--i ; $1 - iS- l!
1*19 v
Atlantic Macaroni Co. (quar.)———___—_
; :: $1 #
Pratt Food Co.;:(quar.).i_^;^__^--*-^_;^:''\r;$2.80;;;;i; -3- 1.v8-19
Atlantic Refining Co,»4% conv. pfd, A (quar.)
A;
-:tl
Railway &;Light.Securities (Del,1
,«
• *.
'
'
250
Atlas Plywood Corp, (quar. )____-_I!____v-»
Common(quar.)
,z'.—!„•;. 1150 •
2-1
• 1-23 r: ./
Atlas Powder Co., 5% preferred (quar.)___
$1.25
6'io preferred A (quar.)—
—*.—,*«
""$1.50
2- 1 • " 1-23
$28c
Atlas Steels, Ltd. (quar.
Rayonier, Inc., $2 preferred (quar,);____^_; ;500
4-1: ' 3-14
AUlt St Wiborg Proprietary Ltd.—
:
Reading Co., 4Vp 1st preferred (quar.- 500
3-14
2-21
$$1.37%
5%% preference (quar.)?$1.37%
Revere (Paul I >Fire Insurance Co. (s-a)
■,
60c " ' 2- 1
1-22 ;
Aviation Corp.—
■
Roj^alties Managettient
."6C; ;;* l*3l ,/*•..• 1- 4
56 %C
$2.25 convertible preferi-ed (initial quar,)"
Sti Louis Car Co.,' 7f« .-preferred 'iqnaf.')-;-:-"J'
$1.75 > ^ '2-- h '1-26 '
Avondale Mills,
•; 50
■
common_______________
Savage Arms Corp.—
—,,
12VaC
2-15
2- 5 \50 .;*■
Common
Schwitzer-Cummins, 5%f'o pfd. A (initial)—
I8%c;:<•;2- 1
1-24
500
$4.50 preferred (initial).
Scott Paper, common (quar.)———______
45c
3-12
.
2-26
Baltimore American Insurance Co. (s-a)_
10c
$4,60 preferred 4quar.$1.12%;
5* 1 >'•; 4-19
Extra
50 ■;.
$4- preferred;:$1
4-19
:
Bankers Trust Co.
45c
(N. Y.)
(increased)
Seaboard Surety Co.*.—
30c
2-18 '
2- 4
Bathurst Power & Paper class A (quar.)___ u
$2so
:*
^Servel, Inc., $4.50 preferred.(quaM^-^-^-i $1,12% ^ 4^ 1 y ,/ 3-12 ^
35C.;Baystate cprp._^;_i.__u_____:
Sherwin-Williams Co, (quar;)---.*-!^^1-^*-'
•
75c
.-2-15
1-31- %
Beck (A. S.) Shoe Corp., c6mmon______
;
;
200
;.v:4^r.preferfed:- (quar^^^_i_;-.w:r,_wr___>._^_.r^;..
>3-^l,;--..-2*13 / •'
4% % preferred ( quar. )^
$1.18%
Sierra Pacific Power, commpn :r;Wr**r*-«•'
f,^- 35ei'^:; 2-,r,r ,;;:l-18...vV'
$$2.
Belding-Corticelli, Ltd. (extra)___
6%r preferred (quar.$1.60'
2- L-if '1-18
i.
20C
Belding-Heminway Co. (quar.)____________
Simmons Company
25c ;
3-20:#; 3-12 '
# 12 %0
Bellanca Aircraft Corp. (year-end)
BkflsaW.yiftC;
'
250' Y 3-11"" "fr* l" . Beneficial Corp., common-__-__.„___-_
7c
Smith^AgriculturaltChemical,
■
v 280'
! 2- 1 >
1*21" ?v
Preferred (initial
'6^-preferred' -' $1:30 * 2* 1 ^ -1-21 %•>. Benson &
50c
Hedges, $2 conv. pfd. (quar.)____
Southern Railway Ca; common-(quar,);*^,
V wbc : ; 3-15 > 2-18#?
Berland Shoe Stores, Inc., 1% preferred^—
$1.75
;
6^- preferred
—
*.
''$1,25 "
3-13 •'' '2-16 #
Cdmnion7
15c
•5
preferred
$1,25 1 * 6-13 .
5-15 1"
:tl5c
Bertram (John) St Sons Co., Ltd. (s-a)
8%^ preferred* (quar.)i_yw«,;^—. .., ,$1.25-i':^V9-l6>;; .;8*l5 >#
$150
Spiegel, Inc.,. $4.50 dOfiy. pfd. (quar.)3142%
3-13>
3- 1
Best At Co.; Inc. (quar;
### 250
Stamford Wdtpr;• Co*
40e ,,:;2>15-;'v-:2-J'8
Extra
50c
:
Standard Brands, inc. (quar.)-*i-!^«--.!W
-*
4003-15
2-16 >
Birtman Electric Co., common (quar.)______
250
Standard Chemical Co., Ltd.,.5% pfd. (quar.)
$$1.25
6- 1 ;
4-30
$1.75
$7 preferred, (quar.)_____
Standard Dredging Corp^->
1-21
;
;-2-' 1
■
Angio
-
;; 1*30
Pacific Portland Cement Co.,—
fiVa'/f preferred (accum.)_-!^-_^J 1*39-^
Pan-American Petroleum &; vTranspoi t Co.—
,
•
:•• Increased ■■
'
Afo. ':. 4*-5 '.,.'
2-21
$1.75 =
$37 %c
Class
B
(quar.)„—i--—-————
$i7%c
Detroit Gasket & Mfg., 6% pfd;, (quar.y^J ; # ; 30c *:
Diamond Match Co., common, (.quar,3714c•"
7'<- pfd. (quar.)
Leather, Ltd., class A (quar.)
;
Dallas Ry. & Terminal Co.,
Davis
r.>
,
3-
'•
v
,
5-1
1-31
3-20
3*20
2-15
•'
.
Class
2-1
3-28
1-22
2*19
>2*19
;
■
1 •""••'
2-
2-15
-
,
3-
$1.05;.;
(quar.)_
.'$4 convertible 2nd preferred (ciuaf.)--..
press, 4 % y#pfeferred_—_—————
Cuneo
2-15
,
1-25
•
Crown4Zellerbach Corp., $4.20 pfd.
-
Per
ot Ree,
,
?;•; 1-17 ;:-
\i
"
•
:■
1-17
Holders
common (quar.)
50c
A {quar;)-—-$0i59375
Orange Crush, Ltd.,. 70c conv. pref. (s-a)__ ;
$35c
Oswega Falls Corp.-*.
\
20c
Otis Elevator Co., •common-!*^.—J.
:
> 2Cc • '
<%r!o preierred (quar.>
$1.50
Owens-Illinois ; Glass Co.—•
'75c
1
3-
1:04*31
Extra _
——„
—
— r
Consolidated Vultee Aircraft'Corp.1—
v
~
3-1
v
$1.25 convertible preferred-!
3li4C
t
•;"-.T50C
2-28;
Consumers Glass, Ltd. (quar.)
Continental American I«ife Insurance
1-31
^ (Wilmington, Del.)
-j . 46c
:
3-15
Continental Can Co.,.Inc., com. (interim)—
■
25c
$3.75 preferred (quar.)—
v93%c ;:;4- 1
3- 1
Cook Paint St Varnish Co.,, common (quar.)
20c
3- 1
$3 prior preferred (quar.)——:75c,
2-15
Cosmos Imperial Mills, Ltd. (quar.)———
130c
•'
2-15
---#$15c
,,
3-15'
w
3-15
12%c
y* 10c
' ^ 15C
When
Payable
4^'4% _preferred
■
,
1-26
• 2-5
:+25o
(increased) (quar.)
2-15
j
Oklahoma Natural Gas Co.,
-
>
Name of Company
.
1-15 J
;; 2-15
'■
:
Per
Share
:•
Holder*
Payable
5^flr<,
';v
471
3-11
2-20
4-
1
3-13
2-15
2- 5
$1.12%
15C
'•
THE COMMERCIAL & FINANCIAL CHRONICLE
472
"Z
\
Name of
Chase
,
rer
•
Cheney Bros,
-
(year end)
4 r.b,
—0V0 $3
preferred
_
4-ib
_
R
(quar.)—
.
.
>
Gar
f }?
\
6ft
pfd.
—
&
Phil a.
Industries,
i
t~,c
i
:
,.f
Inc.,
common——
w*s
3-30
,.?\ \
3-15
^
,____a_AA-
Works
«...
Foods
Extra
Corp.
2-15
75c
2- 1
47V»c ft" 2- 7
15o
-2-1
•
$1.75
'r;ftft
A__^^._.a...a..^-
(quar.)'
:
(quar.)_A_..
1
40c
General
Mills,
Life
«
Co.___a__
Savers
Corp.,
Co.
Extra
Lit
1-25*;-/
$1.75
x xo
_
••
Inc.__._l
1-31
'
1
2-
2-18
1
2-
1-15
ft
1
1-15
1-15*
,1-15*
,
'ft- 2-15''
25c
2-1
■
;
20C
25c
aa
1-22.
1
2-
1
3-
1
2-
2
ft 3-
1
-
25c ft
50c
.
'
1
3-
50c
>>.
■ft" ft*:* 1-14
•ft." 2- 1":
-2-15
12>/2C "ft- 2-
preferred (accum.)♦.._
1-23
'
ft':',
v-_;
■ft"2-15
ft, 3- 1
$2.50 7ft
2-
ft
1
2-15
1-18
ft
'
Groceterias: Co.,
Class
B h quar.
Ltd., CI.
A
A"425C
(quar,)
„•
_
_
2-
50c ■ft
ft
3-1
+25c
>3-
$1
.•
,
r 7 ft4-15 ft;
2-15
75c
(quar.)
Loblaw
.
1-15
.
t
1
/ 3-15
7
56V*c.
2- 1
ft;' 25c .'"■" 2-28
40c
2-15
1-31 ft
■■•ft
_a~a_
ft 37Vic ft/ 2- )
ft 1-10
Lock Joint Pipe Co., common
l-oi,:
General Motors Corp., $5
(monthly)a___
preferred (quar.)
ft $1.25
>2- 1 • '.ft 1- 7 .ft Loew's Boston Theatres
Co. (quar.
Columbia Gas.fc Electric Corp.—
' '
"A;
Aaa
General
Outdoor Advertising,
common-.-.:)/ 25c
3-12
2-25 ft
.■■:'7"Extra ■;
•
A-A-i.-A.
6% ' preferred series A (quar.).-—.—•
$1-50
2-15 ^ J*_>
6%
preferred (quat.)_
-$1.50
2-15
2-1
Lord & Taylor, 8 7« 2nd pfd,. (quar.)___L__
Cumulative preferred D%- 6erie» (quar.)_
•
General Phoenix Corp), $1 pfd, (quar.)^w-Jl-25 - 2-10
x-x»
■
25c 2-15
2-5
Loose-Wiles Biscuit (quar,
; 5% preference (quar.)$1*25 ^ . 2-15
.'ft $1.50 -preferred (quar.).*__a.
i-x»
37Vic
2-15
2- 5
ftft Extra...: A—Columbia Pictures,-$2^75 conv. pfd. (quar.)
:
68%o
2-15
2- 1 t
V/o convertible preferred (quar.) _..AA-——
.35c
,
2-15
2* 5
Louisiana Power &< Light Co., $6 pld.
Columbus is Southern Ohio Electric Co.—
* •
(quar))
General Shoe Corp. (quar.
A
r 25c )
1-31'
1-17
Louisville & Nashville RR. tquar.)
V?preferred (final)———J—, -$1.50
2- I-'.
General Steel Wares, -common (quar,)
;;
$20cft
2^15
1-17 ft
Louisville Henderson & St. Louis
Ry. Co.—
SMtft preferred (final)--—.—•—
/ $l<b2
2-1 .•
5%
preferred (quar,)__^.v,....i^w_i._^.
$$1.25 /
• 2-1
1-11
Common ' (s-a;
_________-A____AA____:_AA' /
A-^4^ift prfeferred (initial quar.)
2-1
l-ib
Genesee Brewery
(Rochester), Class -.Aaa-aV
25c
ft 2- 1 - lr?J ft ft ft AI5% ^preferred (s-a)_iA__
Commercial Controls ; glass A (s-a)
—
; • $2
12-31:
12-21 ; . ■;
Class: BftftAi
-a ft^ 25c »
2-1
1-21;;
Lunkenheimer Co., 6Vi%
preferred (quar.)
Commodity ■ corp.'
; *\'..z _®c.2" * "ft/.
ft: Class A
-A
A,
'—w
:
ft ft /ft ; ./'ft.*. 25c ;■
5- L
4-20 •
Luzerne County Gas &. Electric—
Commonwealth Edison Co. (quar.)—
' •••'35c:
2-1
Class B
_A_..^_r.^.^..^_A
ft 25c ; )5rl'
4-20" >:
4V<% preferred (initial q\lar.)A_;
._A~__A
Gibraltar Fire & Marine Insurance Co, (s-a)
Compo Shoe Machinery-$2.50 preierred—.
62Vap
3-15
5Cc
.- 2- 1
2-15ft,
Lyttoii (Henryj O.) .& Co,_„__AA_A_A
Concord Gas -7ft preferred-<accum.)—-r—
- $i
2-10 :
1-44
-Gibson Refrigerator;Cq. (quar.)
:
-'
15c (
1-30
-1-18
Conn (G. C.)Xtd.ir7ft prior preferred—;$1.75 ,
4- Ik^
Gilchrist Company _j>__a___
Macy *(R. H.) & Co.— » *
*
25c
2-^15
2*. 1, ft
7 4»A%
.Connecticut Light k Power--':,,1..:,
j
preferred A: (qpar.)____—
V,^, - »;r"- /Gillette Safety:Razor, :$o-preferred..(quar,JA._
$1.25 > .'2-1 », .;l-*2
Marathon -Dorp.(quar,) A_____>________~__
$2.40
preferred :,\(quar:)———. —.
' 60c :
1
2- o
Gimbel Brothers, new tommon- (initial"30c >
2-15
1/30 / Marine
$2.20 preferred , (quar.)
———
55c
.3-1. . 2- 0 .
BancoTporatloh (initial quar.)/_>__:
Glldden Co.,
commonftft.i "40c" ' .•4i-'t:ft ;;3*13 7 '
Connecticut &. Passumpsic River RR.—
Fully participating. (quar:)_______A_>AA_,
0- 4Vi% conv. 'preferredI (quar.).._A.^_v-_— • .56V*c ft- 4-. 1 ft 13-13 7- •.
/."Initial Mock; (qu'ar;)__;
.'jgftr preferred (s-a)-i.——^
$3
2-. 1
• *2-31. .
^,__Aa__a:j:aAAA-.'
-/GlobeRepublic-Insurance Co.
'
25c- ft'2- 1 { ' 1*23
■
Connecticut;'River -Power Co.—
: *
,
/f Fully participating (quar.) —___A~:._AA___
: ■ '
-.
' _ .1
Globe:& Rutgers Fire Insurance-Co.—<- "
^
'-ft'
•
>1 • ' *
Marshall Field & Co.. com. (Increased
'.6 ft (preferred (quar.)>A—•—.» ■
$1.50 1 .3- 1/ r- 2-10
quar.)
5c/o1st preferred7(s-a)A_AU:AAAOtaAAAA/-.- ftft A.- ;.$2-'-.'..:3A'-li /ft
2-25'ftft
Consolidated Chemical Industries—
'•
Ma3sawippl Valley RR. (3-a) _AA__A—A_A
57o 2nd preferred (s-a)
• -^$2.50,
3- 1
.2-25 ■
Maytag Co.,- $3 preferred (accum.
Sl partic. pref. Class A (quar.)-.
^—
37MiC
2- 1
1-15
I .'/ The Above pajmaent cleara All -arrears* *
Aft
ft
Consolidated Edison <Nf Y.)t $5 pfd. (quar.)
"ft. $6* 1st-, preferred;
$1.25
2- .1
/1-28 .
dAAA'AA^'^'
Goodyear Tire <& Rubber, common,
1
a
"r ' 5Cc
3-15
2-15 ;
McCaii Corp. (quar.) a_A_a_A__—A_—A—
^Consolidated -Royalties, Inc.r-r,,.
. . ~
^ '
;
'J'
'-y
i
$5 preferred, (quar.)_" $1,25'
'3-15
2-15 i
0ft preferred (quar,) ---————— McCrory Stores Corp.; 5 7o preferred
;
15c . .1*15
12-31 .
Gotham Hosiery CoA- Ind. (quar.)aaaA-A.-.25c? •2-: 4
.l^lSftftft McGraw {Electric Co. •
(quar*)—
__^i.A_LA_~
Consolidated"Vuttee Aircraft--——
- 50c
2-15 •
2- 1: ;
Goulds Pumps, 7% -preferred, (accum.) Aaa-.
:ft ?» $7
-1-28
12-28 »
Mclntyre Porcupine * Mines -(quar.
Container Corp, of America'' (increased)-—
5 40c«
,2-20 " 2*;. 5" ._Graham-Paige Motors—,
'ft,
.
r <■
•
McKales,
; Continental Commercial.Corp.-^. i""
Class; A preferred (qiiar,).
/..«.» »31V4c:
<*2- 1.1-20 ;. McLellan Ihc.ft(s-a)AA~AAA7AA:~'AAftAA:~AAAAiA/
Stores Co., common (quar.)
';7ft; preferred (quar;)v—a--! —- :■ - dS^c *.'"-3- T '"'2-15-.J,- Graniteville)Co. (quar.).,
"
--20c * -2-$
•.l-25ft*
57a) preferred (qUar.)
Cdon (W. .B^:Co;a————a—w—w : ;
25o
2- 1".
l-ll . "A : Extra
W
: 2-,:l:ftft;I*2$.;,,;
Meadville Telephone Co. /</quar^>AA)AkAi;AAAA"
Corn Exchange Bank; Trust. Co. (N.. Y.).-rr
,-Quarterly
1
30c
>'t 5.-: I..-.- -4-24-;:.
Melville Shoe Corp., common
(quar; )----—
Quarterly-1
60c -'^2^
ft/A.
.Extra ;_
r__ift_A
:
30c'
5vl,'ft 4-24'-ft
4%-'preferred (quar.)
Crown Corfc ds Seal Co;; Ltd..(quar.)——- ^50c
2-15 y 1-18 v«Quarterljr •aAa^_^aaaaA-A^«;^;aa-A-a^.aa».---" ft( ft"30c ".'/.••;;ift :ft.;7-38"V Merchants
Distillhig Coip. /Terra Haute) _4
Crown Drug Co. 7ft
conv.
pfd. (quar.i— v. 43%c
2*15
2- 5 .
-,.E)(tra
aa^...A--^aa«_a«--I^a.a'A.A.* "ft';"A30C;;*ft^,$r/lftfty7r2?'. •• Merchants
Mfrs.r Insur; Co. (N. Y.) (s-a)
Crura: & Forster 8ft preferred, (quar.)—-—.
$2 t' 3-303-15
Great Lakes Dredge & Dock Co. (quar:)_A__
" ;
25cftft A 2-15 ft: Al-31
Mercantile Stores, -1% preferred
Cuban American fcugar.Co.-r.
(quar.)
a. .....
:
'
•
Green <11. L.) Co., Inc. (increased quar.)_w
75c,
1-29
1-19
Merchants Fire Insurance Co., 17c pfd.
•':7ft. preferred (quarf)————————i—
7$1.75
4-. 1 •. .",3-18 . A' Extra
^____A_
ft.
75c.
1-29
.'
1-19
Mercury Mills; Ltd. (quar.)
'7ft preferred (quar.)—
——<1,75.
7- ,1
6-18 .
Griesedleck Western "Brewery Cd.~
"
7
,
7ft >
"
- •
Michigan Gas & Elec. Co., $6 pfd. (accum.)
CuneO press,- Inc.- fqUar.) _—:—
37Vic
2- l
1-18
'5 Va % ^convertible preferred (quar,) a_A_AA ft a 34 %C "
3- 1 ft ,2-1 $ .:
ft 6%
preferred (accum.
Dallas Power & Light Co.; 4% ft pfd; (quar;)
Griggs Cooper & Co., 57o 1st pfd. (quaT.)A-A
$1.25
4- .1
3-25
$1.13
2-1 '
1^17 •
ft $6 prior lien preferred (quar.)___
ft
P>% 1st preferred Iquar,)* __A-A__aaA——
$1.25
ft 7- X
•
6-2$ •
Davenport Water Co.; 5ft pfd. (quar.)—___
-$1.25
2- 1
1-11
7%" prior lien preferred
(quar.)_______a_
fif'o 1st preferred (quar.
Dayton Rubber Manufacturing—
' $1.25
10- 1 .ft 9-25 •
Middlesex Water Co. (quar,)
Common* (initial-)- —lJ—.aa-aaaaa:—--i, •
20c - < 1-31' > * 1-17-7^ "Grocery Store Products Co7A.i_-A~-.A---.---ft.ft
15c
1-31 A, ."1*19 ft
Midwest Rubber Reclaiming
(quar.)________
ft." Extra _AaaA
$2 preferred A (quar.)---—,
;Aj_.A~._—-A__A__-A_
..wa ' ft •, '* "..10c .
-1-31 ? -1-19 »
'
50q <
1-31V "1-17 A
Mine Hill & Schuylkill Haven RR. Co. (s-a)
.'.j Decker (Alfred) &lCohnlquar;>A--——-a-- 25c
.4-10
'aa._a * ftGrumman-Aircraf^ vEngineering~_i^*Ai^-A;Aft$J,50 ,, ,2*1$ ^.^2-j 1/.
Mlnneapolis-Moline Power Implement Co.—
(Quarterly : --a—1L^—J———
• 25c '
7-10
>■ •——4 -:
>
'
Hale Bros) Stores,, Inc. (quar.7
$6.59 convertible' preferred (accum.)_____
25c •
-3-15
• 3- 4
"■Quarterly 25c
10-10
Hallicraftors Co. (quar )——.-a_a
7 Mitchell ( J. S.) &
*
ft 10c
2-15
2- 1
<Co.,; Ltd) < annual)A_A_A_
vD«la-w»re PnwerA::Light Co.—
,25c •
1-31
'.1ft Harris (A.) & Co.. 5'/a7c preferred (quar.)_"A$1.37Vi .'*A 2- 1 Aft. 1-19
Monarch Knitting Co., Ltd., 7% pref. (quar.)
Dennison Mfg. Co.—
f. «'» i
5 ^
:y.
Hartford Electric* Light (quar. )AA-t---~A. AAA*
77 6834Cft'2-l ; 1-15 7 7ft 5%r preference (quarl)A—_—
$6 convertible prior preferred (quar.)-a-; .,-. ;75c
2-,. 1;.u 1-21
Extra
ft-:20Vi'<S'-;'";.\2-'1 .; A1-15 ft. ft Monongahela Power Co., 4.40%.
,8ft; debentures (quar.)—
pfd. (quar.)
a-;-—A-.
$2./
.2*.!
•; 1.-21^.;. / Hartford
Time's,- 5Vi^i preferred (quar.)___A
68V4Cft-2-l • • 1-15 -ft Montana Power $6 preferred (quar_>___x—,1
Detroit-Michigan Stove Co^—L
Hat Corp. ot America, 4Vt'fa pfd. (inltial)A^-: $1.12V? v
2- lft ' 1-16 ft
Montreal Cottons. :Ltd.A common .(quar.)'
;5ft: preferred'(quar.)-A—,——.-—-.a-:-;!;.50o
2-15
2-.5.i
Hechfc: Co.,( commoii (quar.i^-30c
1-31 ft
1-8
A 7%
preferred (quar.)
:
;5ft. preferred -(quarr)
a—
aA——.
0 50c
,5t15
* 5-. 6
<J%7o
.-preferred"(quar.).*.^i^wAfcAAir-:-'-ft:-*933/4C
1-31
1ft'8 ;
Moody's Investors Service, Ir.'c.—
5 ft. preferred (quar...)-A
:50e. > 8-15..' *8- 6 t
Heidelberg Brewing Co
.
.6c 7. '.-2-' V
1-1B
$3 participating preferred/ (quar. )__a_,A_
Diamond Match Co., 6 ft particip, pfd- ( s-a ),
75c
-• 3- 1
,
2- 8
Hershey .Chocolatq .CorD.,^CAmnaoh (quar-)75c -* v2-15ftA.» li.25^ft
ftM9rre.ll (John) & C07 (quar.)
6ft participating preferred (^-a)
——a—
75c
3-. 1
2- 8
■■■■•.-$4 conv, -preferred (quar.)
a,ft*; $1
• 2-15 /
1-25;
Morris Plan Bank of Cleveland iquar.L.
Diooetsan Investment :Trust-Shares (irreg.) a
13q
2- 1 i,
1-14
i.: Extra
"7$1
'2-15- ■ ,*1-25
ft Mpunt Diablo Oil Mining &.Development Co.
-DistiUers Co.,:Ltd^-r;:
.•
u-a-,..;Hercules Powder Co.. 57a pfd. (quar.-a; $1.25
'2-15 ft- 2- Aft
.American -dBposit:receipts.;(interim)-—a—
7V2-'2-.7 .• i 1- 3
-.(quar.),^-—rA~~~_AAAA*.-Ar-_^_~^~v~—.A.
Div. rate reduced from.6% to5VftNov., 15th, ft"
' 'ftft 7' ft a•
Mullihs Manufacturing--^
^Ordinary Registered; (interim)
7Vift
2--1- ; 12-14 ; -) Higbee Co. 5 7c preferred (quar.
'
- *"• •
)_A_A_i:._A4', ' $1.25, ft- 2-1
1-15
■Distillers Corp.-Seagrams, 5ft
,.; ft$7
prefexTed (qUar.)^_.__:__
pfd. (quar-)— ' ~ t$1.25
2-1
1-11
Hires ,<Chas. E.) Co. (quar.)
A-l
" - 30o - — 3-'l '
2-15 ft : ft. $7 preferred
;Dlvco
Corporation
—I-./—a—'
25c
1-31 >1-21 7 -(quar.): —;
Aa
I>iridend. Shares,"-''"2cIT preferred AfqUar,) :<A_A~iAAAAA«A:AiAiA;/;
/ •; 2V 1-15, Holly-Sugar
Dixie
Home. Insurance Co.. ,(N, Y,)
Cup Co., common—", 7 125c,' ' 3-28 ,/
Munising Paper Co. 5 7c 1st pfd. (quar.)AA
(s-a7 « 60c)
2* 1
1-15 .
8- 1 i,
Horder's
Inc7 .(quar.)i__AA.A_!..A..w..AA_A
7 'r Class' A"- (quar.—X-—
Munson Line, Inc.: $4 pfd. A—''—' r 62lftc , .4- I
3* $
25c1-29
1*15,ft
(quar.) a_aa_-_
l-Ji
■/'ft,5-
"AA 40C
(quar.)___
—
Brothers, 6%
2-
1
(quar. )_-;aAA_A.-aAaa-a._.—_
Corp.
2-11
1
2-
(initial)
new
2-19
;
,3- 1
ft'ft 4-
75c
Tailors
Liquid Carbonic
1-25*
•
Custom
Link-Belt
5-10
/2-15
Metals Corp. .(s-a)_____A——.A.Aw_
General
ft
2-15 ft
-
a.:.-L.._..aZ--—20c
;
5oc
$1.50
—
Liberty Loan Corp. 50c preferred
*
8-18
5-25
Leonard
"ft: 3- 1
$1.75
Legare Co., Ltd., 67o preferred (accum.
Lehigh Portland Cement (quar.)_____:._a__
1-15.ft
5-25
Extra ——_A.
1-11 *
3-12
40c
;
1-15
2-1
30c
,
of Rec.
1-31
$1.50
pfd.
Hoia.tr)
2-1 ;• ■"1-15
34 %c
(quar. ).awa-^AAa~aaA~Aaa*' ft-
.
ft
1-18
1-21
,
2- 1
ftft 25o
1 30c
Lee Rubber & Tire
1-18
1-18
1-21
2-15
10c
56Vic
7.
;
v
6ft preferred B (s-a)__
General
99
2-15
Water
f.
I3V2C
____A_A
(quar.)'
Co., 6'/o
Kresge (S. S,)' Co.__i—___A
Kress (S. H.) & Co. (quar.
7 ;
6-15
common_A_A.
preferred
'(s-a):':ft'ftft 50c
conv.
General Finance Corp.—
5ft preferred A (s-a)
1R
When
Payable
(quar.)
Manufacturing Co..ftft^ft::.IV-A":'ft
Baking Co., commorLA.....-ft ..Aft
General Cable Corp., 7ft pfd, (accum.)
qi>^i
1-Jl
x-x»
Kokomo
0:Sfti'V'ft/'ft-
of Company
—
Co." of
Insurance
Grain
Gearench
1 10
,
4- 1ft
)v37ViC 'ift 7-, 1ft"
ft:
General
-
2- 1
2-15
Stores,
$1.371/2
2-16 ft-. 1-26 -7
ft/ft 37VaC.
(quar.)
iAAft
preferred (quar.)......
Gardner-Denver Co., $3 conV. pid. (quar.)
a
x xj>
2" 1
H
Fire
Wood
4Vaft
.>■
Corp.,
—A
Kobacker
1-26 ■',/
2-16
.
0700. '/ft'/'//) Nome
of Rec
v
•
2-ia
.2-.1
i- i
Cojgate-Paimolive-Peet Co., common (quar.)
25c
$3.50 preferred (quar.)___—
---Aft
Collingwood Terminals, Ltd., com. (year-end)
-425c
Preference (year-end)
+25c
6ft
A—A'ftft $25c
'
;"$25c■
Aft/ft 5c /■
Class
Per
Share
Holoere ;
Payable
Kroger Grocery & Baking Co., com. (quar.)
1,
37V2C
10-1
9-16
G7o 1st preferred (quar.)_a_Aa__a_A7__Aa_
1
'1-18
.■
A—./■':ftftr,;25c ''ft/1-31 'ft'v'1-15 /■, ft' ft 7% 2nd preferred (quar.)_._
77o 2nd preferred (quar.)_aaa__A.__—.-A
ft——..' :
55c
1-31
1-15
Lafayette Nat'l Bank of Brooklyn._«A___a-A
non-cum. pfd.—
30c
5-1
4-15
Lane Bryant, Inc., 4'/2%
Fulton Industrial Securities Corp.— - «,
preferred (quar.)_
/ft,
• ,:
Y ■
'
Common "(irreg.)
Lanston
Monotype Machine Co.___A______a
A__^ft_AAl.ft.Aft,)
15c *
- 2-.'1ft
1-15 *
Lebanon Valley Gas Co., 67o pfd.' (quar,)___
ft $3.50 preferred .(qupr.)
-__.l
i.ft / 87'/2C
2- lftft 1-15 ;'ft
v
3- 1
Co.—
Malting
$2.20 preferred (quar.)
Fulton Iron Works Co., 6ft
»
6-1
®T'?
Ltd.,
preferred (quar.)-*—
preferred (quar.)_
Franklin
,
Canada,
When
Aftft/./.ftA;.':''' Share
/;
-..-ft--,-—-ft—_ft_—A—. ; '
Froedtert
J- °
;
preferred (quar.)$1.25 :
preferred (quar,)______T—
—
®J-2S.
; preferred
(quar.)—.
—„ ft
City of New York Insurance Co. (s-a).—-A---77
City Stores Co., common (quat)
*60
Class A /quar.).
--------- "15c
Cleveland Cine. Chicago &~St. Louis Ky.—
;
Common (s-a)
*Aa_
^"a, «
5%
preferred (quar.)—v--—$1-25
Ltd.
/
i'oa
C
J- 1
5%
Breweries,
6ft
P* 7.""
*"31
5%
5%
Coast
*
;k:'\
$2.2-1,
'
of
Kleiser
&
■"Aftft ft.ft> Per
I
Name oJ.Company
Foster-Wheeler
.;2" ^
.
'
■
Co.
B
Foster
' '
'
•
(s-a)__—---A
Cincinnati New Orleans & Texas Pacific .7./
;
Class
(
Cherry-Burrell Corp., common (quar.
57o
preferred (quar.)__;
$!■•*•>
Chicago Yellow Cab (quar.>—_A
——
25c
Chickasha Cotton Oil (quar.)
—25c
Cincinnati Inter-Terminal Railroad Co.—
.
(,
..
'
v
'
r
Ford Motor
-5-1 ,>> 4-12
40c
shown above are now on a
quarterly. baste,
,T-
,l
of RtC.
2-
payments
•
■
Holder) '
-When
-
40c
Quarterly
"The
ft
fShare-, Payable
quar.)__—.
(increased
Bunk
National
ft;""/,
Company
Monday, January 28, 1946
2-
5
ft"2-
1
5
1-31
*,
1-21
'
15c
:
2-
25c
25c
.
1
1-21
-
1-17
2—■ 1
7
-
1-18
/ft" 2-.1 ;ftft-' 1-18
$1.50 A
2-
A
1
1-18
88o 7 > 3-13
•
'
1-21
1
2-
$2
;
1
ft 2-
ft
10c
,
.
ft-2-..'l
••'
.
$4
2-15
$2.50
2-13
,
:
•
.
*3- ~+u
-
$1.62%
AAW.
2-1
2-3,
4-
1
2-
1
1-15
1-30
1-15
.3-21
•
„
.
.
$1.06%
ft"'
4
'
20C
,
■
$x.06 ^
..
v
.,
3-
1
1-3
•
...
.
25c
1
vft 1-19
30c
2T I
>1-19
30c
2-
1
•"/••• "1-llftv.
30c
2-
1
ft
-
.
i
•
•
.,
ft
2-
,
'
,
2-10
30c
..
„
ftft;'.
.
-
ft'""*" 30c
.'ft ■••"$3
2-
'
.
1-19
> 1-15
1-31
.
1-31
1
75c
2-1
$1.50
12-31
2-1
1-15
'
,
j
1-15
■
50c
-
.
,
.
A
<
_______
2-
~
.
•
-
"ft./1-15
1-28
$1.21
25c
>1-19 '
72-:'I''
$55ViC
ft) 30c
,
1
3-1
7-2- 1
1-21
12-31
1-31
I'll
1-31
1-11
,
•
20c
$1.25
•
■
.
'
37VaC
,
2-15 -:ft
7
1-31,,
.
'
"> 50c
-
2.-' 1'
.
ft
1-28
*
"
ft"
"Aft 20c
„
u
1-31
1
2-
1
A:.
1-15 A
2-
1:;-/"
1-15 "ft
2-
1>"
1-15
$1.50 ft
2-. 1 '.-7
$1.75
2-
$1.50 "r
—-
.
1-23
2-
:
.
■
50C"/
.
2-
$1
•
A
-
3*15'?:
I ""*
1-15
1271 j 11-23
600
A
,
.
it;
1 l;
2-15
ft.
•
.
1-18
3rlS
$1.50 7ft
.
-
.
0i
1ftlft;
2-
.
$3.50
ftftt20c
-
,
ft"
I
3-
$1.75
.
'•
-
2-
$1
•
ftft 50c"
•
1 W.
1-18 ft.
2- 1
r
A
1-18 ft;
^
.
$1.62 Va.
$1.62V2
$$2.50
.
•••
•
,,
.
2-15
3-
2-
1
$$1.75'/-
,
$$1.25
)
.
$1.50
.
.
..
.
•.
:
ft $$1.75
'
*
;
2-22
2-22
■
'2--1
7:1-150
1-11-7
2-1
'•ftZt*Ift'
.
•
7":
4-1-48 ft
$1.10
ft
■
.
4- -1
2
ft 2 A? 8'7
—
«
„
2-150
3-15
,
3-15
0
2-15 *
:
.
,
75c
.
,.
2-15
.
:
..
...
-
.
ft
1-31*
2* 1
3-3
'
.
-
*
2.-" 1";*
'
50C 7 /
40c
lc
.
__,
.
1^12?1-25
*
*
;
.
,
.
2-15•)
:
,
.
A."
Dome Mines, Ltd.
(quar.)————_—-
;
$30c
.
Dominguea Oil Fields Co. (monthly)
.;Dominlon & Anglo Investment Corp.^ Ltd.1—
V5ft- preferred (quari)A——i—.a.—<
Dominion (Pabrics,. Ltd.;."bommon.-Iquar.lA-
'
'
6ft"
,•
,
(quar,) i—
preference r<quar.)
preferred
.Second
-
.
3-. l
;
t$l,25
' "$20c
2-1
.
a.
.$20$
,
ft
1-17
-
.
5
1-15 ;
v2-l* ,12-31;
5>; preferred B.
preferred
Dominion
(quar.)
Oilcloth
•Extra
Linoleum
&
$$1.25
.
(quar.)
.
ninion
Woolens. &; Worsteds
.pctnacona
Class
'■"t'ftft.
.Dv ight
Er
Corp.
pfd.
(quar.)i.
Ei
ro.
j,
I,!i
& Walker Drv Goods, common
inpire District Ele-.. Co.. 5ft pfd.
Employers
Group
,
*'
10
1-15
$1.16
96%c
(ouar.)_
3-
$1.25;
3-
Inc..
7ft
1-31
'
pfd.
Quarterly
Electric.
Federal
Grain.
Fer'aral
Machine
Federal-Mogul
4V2ft
Insurance,
$1.50
cb'ss
Ltd.,&
ft
A—
30c
.7
,.
3-11
Boston
Corp.
convertible
&
2- 4
;
■ft
1-15
preferred
(quar.)_?—_ft»-
-
$3
25c
1-19
1-30
2-
L
v.l-15>
15c .'ft 2- 1 AA
1-15
L.)
Co.
Knitting
,
,
-
a_^_.._A_____
-;
a
'
Linen
Service
preferred
(s-a)
(s-a)
Corp.,
5%
prereiTed
Mills,
common
(quar.).._
(quar.)
2-15
3-15
3-
62%c
ft)
K
W
&
2nd
Johnson
preferred
Battery Co.,
8'/«
preferred
series
common
(quar.)
(quar.I.A.
Furnace
Department Stores
$15
$1.06V4
87 %c
ft/ft 2- 1
1-31
2-28 ft
2- 1
(Increased)
(stock dividend)/
2-13
1-15
ft ft / 20c 7 ) 2- 1
__/),/./>40c, 7/ 1-28
.
.
1-10
1-25
Kayser (Julius) & Co.
./ft 100%
2-1
Ke'logg (Spencer) & Sons) Inc. (ouar.)—ft;'7- !45c
3- 9•2-16
Kellogg Switchboard & Supply, common-^.. 7 ft, • 15c
•
1-31
1- 8.
ro*eferred (ouar.)^_____.._.
'_w>7• $ 1.25 4 ,/.: 1-31:.
1- 8
Kings County Trust Co. (N. Y.) (quar.)___ft; ft $20
.2? 1
1-23
Knickerbocker Fund;
(qufti\)__r_^^__-_ffr_,.ft; ft.Bc •
2-20
1-31.
.
I".*-
4c
'
York
York
York
;
$3.90
Air
Co.~
Br^k®
(quar.
'-
1-31
ft
2-15
ft
8-15
ft; 2-15
-
200.;
;
15c
v
A 1-15
1
2-15
ft
7
1-21
1-30
;
ft
8
" ft 1-10 "ft
1-30
2-
;
60c
ft
1-31
7-31
>2-
■
Fire
> $1.50
$1.62 Va
Insurance
Merchandise
&
preferred
preferred
North American
1
.2-1
1-18 ft
.
ft/
1-21
; A; 1-18
,
e r*
12-10
1-22
50c
3-1
/ .ft 2-
8
-
•
$1.25 /. •'/A2-'ft/l-'"ft
'■::. 40c..:/
2- 1 ft
(s-a)_____..:__:__
Co.____A_
Light Corp.—
(quar.)___
A,
2-
15c
i;;:
1-15
1-24/
.
1-21
ft
1-15
;
.;
ftv'ftftft.-ft
Ail__A; -tft 97%c
93%c •
ft: 2-1
ft
'/ft
/; 2- 1
1-16
$1.25
\
2- 1 ft?
1-15"
$1.25
ft
ft-
2-
1
1-16.
2-
9
1-16
Corp.'—'ftftft.. "ft "
r
/•
__A_a__A/1:
(quar.)—
Co.,
1
■
r/Ajft,
AAA
-
(quar.)
Power
2-
' "■; 2-
$i:75
•
ft 5'i
1st preferred (accum.
Norfolk ii Western Railway Co.—
<-AdJ.
2-15
ft
$1.18%
Co.
Niagara Hudson Power
ft
$7.50
v
Newberry.(J. J.) Co.. 33/4'/i* pfd. (ouar )A_A_
'
1
S'JVaC
(quar.)
'9-' 1ft-'
-
50c
-ft Newport News Shipbuilding & Dry Dock-—'
•ftft s'$5 convertible preferred. (quar.)„Ai_
.
2-1
*;
"■'ft 3-15 ft
2-15
3- 10
•ft/3- 1 ,ft ft, 2-15 ft
4-
$1.25
(initial)
pfd.
1-14":
•
5% %
-
,
.
preferred A ji^*
y-
"
$1
ito *">06
1-31
...
,
ft'-.;"Extra
New
10-22
1
2-15
$1.25
A
dividend_A-____A__A_--AAA___^_____
Yo»*k
New
2- 9
1-18
?
York Auction
New
1-11
ft
New
4-20
-n-99
Water Light & Power Assoc.—
ft $5 nreferred
1-18
2- 1
5c7
(quar.)____
$1
Fibre
New York Central RR.—-•.
1-31
ftftft
;
■ft
preferred
Brothers, 4%%
Stock
1-11
$4
'(s-a)_.
A
New
•ft.
ft 2-
$3.50
_—
preferred (quar. )a_—"■_'__
HaVen Clock, 61/2% preferred (quar.)__
New Process Co., 7% .preferred/
(quar,)___A
1-15
2-25
1
3- 1
1
10-30
ft;
25c
New
1-19
2-
'
$1.25
2C
$1.50
.
(quar.)
.ft.ft.ZftG ft
1
1-31
ft ,ft 10c
a
—_a_
com.
Neptune Meter Co., $2.40 pid. (initial quar.)
England Fund ctfs. of benef. int. (quar.)
1-10*
3-1
.
1-21
1
?-15
A-ftA__ft_A
Vulcanized
ft New England
2* 1'
-
I/""
1-10
R-
10c
New
60c
S
1-12;
6-
>
_a_
__________
Neisner
-
1- 2
1-15
.
1/lft
2-28
-2c
7.ft'
.___a__,
ft National
2- 5 "
'
'
.
-
1-15
1-15
*
(quar))ft
preferred (s-a i
National Tea Co., 4Va7o
3- 1
7%c
•
1-15'.
1^15
■
5
'
*
4
V/ack: ftv'2-1'.;
-
$5 preferred
.
25c
Jewell Tea Co., Ir>c) AlU7o preferred (quar.)
Johns-Manville 3Vi*U -preferred_.AA_A
Kaufmann
.
,
common
(F.
Kalamazoo Stove .&
3-12.
*3- 1;
;
'(Irrefr.)
Machine,
1-17
2- I
-
ft*
National Paper & Type Co., com, (increased)
: 5 7f>~
preferred ■ (s-a)'______
2-21
1
3- 1
(accum.)____ft)/
4%
;
3-11
$1.75
(quar.)—;
preferred (quar.)
A—
•ft Jeannctte
Glass, 7%:preferred
Johnson
•
$7
'
Y-I5 ft
2- 1
ftft1-15*
50p ft)
**ft'2c ft A 2-:1-'ft
1-21 :
National Liberty Insur. Co. of America (s-a)
National
/
250
""ft" 2C
■Extra
1-21
2-
•
,
•.
570
1
37M>C
1-31
:1-21
$1.06V* 7. 1-31^
1-21
,7ft■ r.;;ft.
(quar.)——A—A——.$1.50:ft,; 2- 11-16
Stores, com. (quar.)
(quar.)
-A—Aft—.
Intertype Corp.
Jantzen
Dena-tment
preferred
Foote Bros.
60c
dividend),-0;
v
2- 1
•-*
'
y
preferred A
:
Co.rpreferred Class B
8^
:
1-21
$$l "
1-31
1-17
ft vft'-ft';,: - 7ft;
1-28
1-16ft
,
Jacobs
1-15
1-20
2-15
2- 1 •
-3-22 A
$$2
100ft)
(interim)—
(stock
(quxr.)
4-
25c
loimr.)—,
pfd.
Welder
Corp;
A
;
S)rracuse
$2.50
Fibreboard' P-oducfsA Inc.-r;
6ft prior preferred
First
2-. 1
"
12-31
2-15 :V
$1.75
Gc'o
Products (quar.)
National Lead
12-31 ft.
*
$1.50/,'./ 2- 1 :A' 1-19'/
$1.50 - 2-1-ft; 1-2D
——
Federal
Ferreted
Life
$1.75
1-31'-
'
•Quarterly
-Quarterly
'■
12-31
'
2- 1
.
Department. Stores,
.
2-15
25c
1
"2-1
r 80c A* ft' 2ft 2-.
29%C
.
.
2-28
$1.50
International Textbook Co..a___
2-15 /
Vft
quar.)_____.
15C
/
2-19
2-1
"ft*
^
"National Electric-Welding .(quar.
■
25%
Petrola
International Resistance-rAw
6% ;preferred (Initial quar.I—AAaAaa^a—J
;
1-28
1
'
.
9*19
■
ftO-'l'-ft
2- $ , /
7/2-1
25C
.
3* 1 ft "ft Extra;;
>.12-31
.Quarterly
1-31
pfd.— $$1*16%
1-25
2-
-.■'•v
Corp.—ft*
.International Nickel Co. of Canada, Ltd.—■
ft
7%
preferred (quar.)
.w
International Power Co., Ltd., 7'Jo 1st
1-17
1-31
National Distillers
^
0.$ 1-17
2-1
National
A
$1.12 ¥2
3-
-$1'. :'
8c
pfd.__
2- 5*
> 2-20
$1.62Va ftft 3- 9
-ft 2c/'' i'1-31'
:
Sfc'I
'3- 1 Aft
,7.30c'
A.:_~~A__iAAA__^-_:-(~v-iA._.A^AA)::
1-15
.
.
2-15
ft
1-31
25c r
•
2-15
.
1/
25c
—
Farmers & Traders
1
AAa.
*
National City Bank of New York
(Increased)
National Container Corp.- 4%% conv.
1-25 a
A
2- I
'
?
J
eavic
•;
"r
''
■
-"-a/'
12,-28
2-20
7
$1
M
■
A
,
.
'
2-1
;
25c
(accum. J J
Corp. (quar,)--—__A InternatiohaFHarvestor Co.--.
a
'7% preferred (quar;)
—•
3-10 '
2-11
25c
(Initial
New
International
v v 1- 7
;
1 /; / 1- 7 7
25c
^
<ouar.)_
Emporium: Capwell Co. (extra)
$1.
Eppens Smith Co., Inc. (s-a)
"il—IS-• $2
Equity Corp., $3 conv. preferred (accum,)--,
75c
Eureka Pipe L'ne Co. .(quar.)j.aaa_a_I;—'
50c
& Gregg,
2-
)=
-
(stock dividend).
>.
2-. 1
•
$25c.
;
.
International Business Machine
r
1-15
(quar.)—
Fair (The)
6% preferred (quar.)„—A
Paift>Bnks Co, rft pvpfcred (cuar.l
;
/ •ft
,
1-15
1
»-
pfd.
ft'o a
a 40c
preferred (puar.)AAJA
Inter-City Baking, Ltd, (extra)
:f
2-9
56V«c
•
(quar,)___
6%
,
,..w_
$1
N^ragatiset$ Electric =4V4%" pfd.- (qusr;),_j_
« ""ft
Nathan
Strauss-DUparquet (increasedr_____
,1-15
.ftNation-Wlde Securities Co. (Colo.), Series B
2-14 \
National ;BatteryCo.:_~_.__ii_AA_wA_AA-A~AA
1,-217
National Chemical &
Manufacturing Co:—
2-1
"-Year-rend
5-15
8-15
il-19
25c ft"
(quar.)—
Murphy (G* C.> Co. <quar.)_A.»:~~~~~7—a~
: a
,
.
":»l.75ft. •;0«. 1 "-ft
$4 preferred B
a
;
-1-12
.
7
2- I
ft3- 1
7 ,2- 1
-2-15
-..'s-a
(qifar.)
:
(quar.)___^_.___i._^4,___.
Corp.,
ft--yft
;
15c
,
4l/a ft-
2- 41-18
1
-11
Paber Coe
,
/ /1-18
2-15 // 2- 1
2-
(quaf.)—
Associates
Extra
y
1
2-
Bond & Share $6 preferred—
:
preferred.,:a_>-a-._a_1—aa.::A»__a—'..
.F^ct'obix Corp: ..^ a
wl-.
5
3-20
3-15
30c
^5
Co.
Silica
a
Insurance• Group shares (s-a)ft
334c'
Stock &; Bond Group rhares___A^._.
ft '20c ""
ft Insurance Coft of 7Wotth: America
A(8-A).Aa. . .-$1.25 '•
'Extra' AA^-AA^.A-aA—ft- >
50c J"
Interchemicat Corp,.* common (quar.)^_aa__
•
40c
1-15
1-15
2-25 '
'
$1.12V2
E'octric
.
.1-15
4-„l ''
4-14
2-
$50c
(quar.)
Zinc
Industrial
.
7
1-26
2-15
.$1
$1.50
Inspiration Mining. &SDeVelQpmenU.Wu.a^.
Institutional-Securities—
25c./
;•
common
preferred
Illinois
20c/;.-
Co._^:tXA_--^-rr---r.;
i,:a_a_>
•-
30c
Theatres,: Ltd._„__
Products Co., common.....^.........
preferred
-3-10
,,,
3- 1
A; 3- 1
-$1.12Mi
$1.25
Errtern
;
Power,
47o
1-, 2
It 2.:;/;
.
AAr
-
2-1
$25c
V
Corporation
;
50c
,
A-w
j.
Manufacturing
2-1
2- 1,-,
$25c
—
^
preferred: (quar.)-!
5ft 1st
tern
A
$$1.38
$12
,
common
;Du mesne Light Co.,
:Di'dan
(quar.),aA—-
Paper Co.; Ltd. Class
B
,D> •14 Bradstieet,- Inc.,
Idaho
2-17
3-15
$25c ;
irv'/aft preferred (quar.)
o
1-3
=
Stores,
pnminion Tar. & Chemical, common (initial).
r
12-31
7 l--3^
1-31.
,$30c
-
A—a——Aa——
110O
Ltd. (ouar.)„.__u.' ' $20c
.Dominion
.
2- 1
1-31;
1-26
."40c '■ ) 2- 1
-
...a
(s-a)...
2-15
-$1.50
_________
(quar.) a
Lighting & power Co.-— .'
-^4 preferred (quar.)-a
^.a
"
5 ft-
preferred A (quar.)
Corp., 67o pfd. (guar.).
.Hussmann-Ligonier Co.v common (quar.)___
$2.25:pfeferred (quar.)A_^,i_^A,A:^/*i^
Hydro-Electric 'Securities—^ f
.-.A,-
1-15;.4
.
2-1
59c
Hummel-Ross Fibre
.12-31X
2- 4
Co).
&
Houston
ft
!1-15
3-1:
,0«{i
5
(Geo.. Ai)
i,Horn-& Hardart (M.^Y.)
,l "k>
2-1
-
"
•Hormel
12-20
1-31
$75c
17$Q.;
137'/jo
Xquar.),—*
common
'
„
.
Dominion .Malting: Co;,
15c
.
;6ft. :1st redeemable preference (quar;)
'1-30..
3-15!*
1
-.6-
.
.
rV.v"v
.8-
'
.
,
.-M".
$1.75
$1.75
.
2-20
1-31
ft
ft-
-•
ft'-ft.'
-a,:.
'(ContiDued
on
page
503) ftft
fhXi
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4459
163
Volume
Stock and Bond Sales
New York Stock Exchange
«»
YEAR 1^77
;7i> AI l^777W E E
;77^7 7 >r- -:'y'
■•"•'.*•• •,' ■■-. ■•
-vs
* ■
■
7
J:%;' 77 V: '7':' ■•V- ■1
■<': 7'" V :7;, \ 7
..7 7- •• •
the day's range, unless they in the only transactions of the dey. No account la taken ol mob sales in compnting the range for the year
sale* •*• di*r»€nrdod in
NOTICE—Ca«xi and deierreo a«iiv«r>
[High
High
Low
4 Low
Close
IClose
I fllgn
.-j Low
| Close
i
fllgi»
A
Low
.
[Close
rHlgh
Low
$%s, 1950-52-..—.
Close
Total sales in $1,000 units.
7-7——*.
2%s, 1952-54—
Total sales in $1,000 units.
High
Low
2V2S. 1956-58—
Unit*.
In $1,000
sales
rotal
Close
High
Low
2%a, 1962-87——————
Close
Totpl salea jn $1,000 unltg-
High
Low
2%s, 19634968—;—
Total
Close
gales In $1,000 anlta.
8%Sr June, 1964-1969-——.
Total sales in $1,000 units.
[High
2Vas, Dec.,
Low
1964-1969——•-
Close
Total sales In $1,000^ units.
1965-70-----
Xi.
total "sales'In $1,000
units.
«%l
,
v.-'x
.
c\
V,"7v>
''
1
*
':\V
*'ir
2%S, 1966-71—1—.1., -... Total sales In $1,000 units
.
2%s, June 1967-72
„—.—
Total sales' in $1,000 units.
NEW YORK STOCK RECORD
■
LOW AND HIGFI SALE PRICES
Saturday 7>
7 Jan.19 il
$ per ehare
Monday 7%
Jan.21•
t per
share
-
;
r
Jan. 22
92%
92%
*114
"•120 '
'
116
21%
40%
.
18%
55
41
'
18%
18%.
53%
54%
-v
130
9%
*126
9
6%
6%
59%
73%
59-
73
73
.
|741% 7 42%
*104
1C8
22%
i'
footnotes see
page 483,
18%
23
41
"
18%
55% A
7130
7
40%
"
Par
-
■77 7,100
5,900
;7
7,100
■7.77 10
130
41,300
105
176.600
' 7%
7
7
7
23
9,400
7>
23
200
3,500
77 V
105
199
20,700
r. v
76 %
44
25
25%
37%
37%
37%
i
20
900
3,100
-7
24%
ACF-Brill
Motors
Adams
4,300
9% 7 9% 7.
43 s,8
Abraham & Straus
9,300
77
400
18%
;> 75
Abbott Laboratories————No par
7-4%- preferred———————--WO
r.i
7:
Co_~.
Acme Steel Co
•
41 y2
64
60
^
756%
7 Ve
-30
1,500
23% 7
55 y2
-
*127
:7
'
v
56
7 18%
62
74%
199
22%
*53%
54
55
*127
60%
23
7
17%
,
s
33 V*
23%
,
^
7
*32%
18 y2
:
1,000
'
1
7 16%
33
,
40%
55%:-v
-193
122
17%
7 • EXCHANGE,-777777|7
77:
Shares
s
124
x54
129' '
9%
6%
95%
116
22%
'
56 ''
41%.
42%
23%, 23%,
24%
7735%-r 26% 777 36%
For
23
.
43%
'777*104% 110 ^7
22%
7198
54%
*126
: 9%
6%
7 58%
197
*53
41
<
33
32?g
32%
"
94
116
♦112
3,200
6,400
Express
Adams-Millis
Admiral
Alaska
No
Par
Corp-iui————19
—1
Corp.
Reduction
Alabama
—
2 oO
—10
—--—--1
Corp-
address-Mutigr
Air
Lowest
No
Inc-„_—
par
Ry———100
Gold Mln
—10
& Vicksburg
Juneau
Allegheny Corp—-5=%% pf A with $30 war
-J
.100
preferred-No par
Alghny Lud Stl Corp—
No par
Mleg & West Ry 6% gtd
100
Mien Industries Inc—.
—
1
Allied Chemical & Dye
No par
$2.50 prior conv
Allied Kid Co—
Allied Mills Co lnc—
3
——No par
'
# per ehare
Jan
14
Jan
ISVi Jan
-
3
4
3
19% Jan
44% Jan
32
Jan
17% Jan
52% Jan
Jan
122
8% Jan5% Jan
52% Jan
;
4
3
3
4
9
3
3
3
38
Jan
7
3
105
Jan
25
21% Jan
4
185 % Jan
2
22% Jan
7
33% Jan
3
68% Jan
97
Jan 16
116 * Jan 24
128
Jan 10
18% Jan 14
34% Jan 16
23% Jan 25
x54
Jan 24
.
2
31 Va Jan
-r
•
-
60% Jan
1
.
41% Jan 23
20% Jan 10
57% Jan 15
126
Jan 16
9% Jan 22
7% Jan 25
64
Jan 25
76% Jan 24
46% Jan 15
106
Jan 17
24% Jan 15
210
Jan 17
25% Jan 23
37% Jan 24
Highest ■'
Lowest
t per- share 1
t per-*har&
4
82% Jan.
114'
112
Highest
Range for Previous ;
1 'Year-1945
i
Range Since January 1
STOCK
'
98%
17%
the Week
STOCKS
NEW YORK
Sales for
,
7 7/an. 25 A ; ^
per. share ,.
116
116
122
128
18
17%
22%
22
,
*94
93
*121
•
I per ehare
115 7-
..115
.
Jan.24
'per share
93
•
*
32%
32%,
.
$
125 77
17%
,
16%
*53
:
.
$ per ihare
s
Friday
Thursday
Wednesday
Jan. 23
Tuesday
j
:
.
;
per ehare
88
Nov
115.:. Jun
.
ill%: Apr
60
$
..
i 114
Jan
9% Jan
25%
Apr
.
,
13% Mar
Dec
'
17% Dee
35
DeC
21% Dec
.
Jan
47%
Dec
22 %
Apr
34%
17
Dec
21%
Nov
Dec
38%
Jan.
98%
Jan
32%
6% Jan
2%
56
Dec
122
,,
Dec
.
,9% Nov
Jan
6V'a
Dec
34% Jan
60%
Jun
56
Jan.
74 -J
22%
Jan
91
Jan
13 y2
u
Jan
153% Mar
15%
Jan
'27% Aug
' 7 42%
.7* 108
25 V2
194
24y4
Dec
Dec
Dec
Dec
Dec
Dec
36% Dec
CHRONICLE
THE COMMERCIAL St FINANCIAL
RECORD
NEW YORK STOCK
Friday
F»nl»T
■aftrrday
-
•
Jan. 19,,
Jam 21-
Jan. 25
-
I per'share
■
t per share
52 %
:57.
*142
;■
■r
11,
*64%
147%
*105%
50%
107%
v
"
S3'/a ■ *54%.
33©
11%.
69%
149
107
54%
*100
54
;
136 *
135
57%
145 •;
-
33
49%
106 y2
51
106%
-i
i per share
'
34
*33
11 %
11%
'
*66
68
147
43%
43%
83% *35%
147
*38'a
"*79
38%81
5412
54
135%
15%
136
15%
V?
100
99
200%
200%
68%
68 V2
124%
125%
38%
38%
14a
143
•
147%
*28%
28%
30%
29
106
149
73
•70
.
55%
9
*19%
39%
106%
56%
9%
20
40%
10 %
10%
*117%
118%
■M 37
109%
53%
11%
37%
110
53%
12%
*62
62
106
107
Baldwin locomotive
Baltimore
4%
Works;
-
Aroostook—
vConv 5% preferred;
Bangor
;
■
Si Ohio
preferredSi
Barber Asphalt
Corp
Barker Brothers
r "
4% Ye
Barnsdall
Bath
i—.
preferred—--—
Iron
Oil
-
Co
Works Corp-
Bayuk Cigars Inc——^
Beatrice
Creamery—,—
*4.25 nreferrpd.
;
;
Beck
Shoe
,4% %. preferred
Monday, January 28, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4459
jVolume 163
/ >''
:
"
'
————
t
0'
Jan.21
Jan. 19
15%.
.
15%
43
i6%
16"
43
i
■
"42
:43
,
♦1327a
134
134
"'30
; #29Va
•" 387*
28% ; 29%
36%
26%
96%
>
37 ~ '
27%
-297a /
99
99%
154
297a
29%
-37%,
38
303/4
26%
26%
27
151
154
>
1547a
:
155
76
75%
75%
74%
74% :
75
35
3474
35%
35%
36%
24
22y8
23%
22%
23 %
23%
32
31
31
31
31
43 %
44
23%.
,1091/2
,
31%
•
24%
-31
,31
29%1 >30 %
;;
463%
*109%'ill
*109% ill>>;
*109% 111 *> 29%
30%
110
30 %
>>43 7a
;
'42%: 45
45%
45
*30:
,
•
•
.69
*68
107
•10T
*637*
65
39%
♦185
190
49%
50
•
.vie: 31%.
.
39
49
51%
51%
51% •:
52
533/4
11
0
11%*
54
10>
10
58
58
32%
31%
32
76
9%
51
10%
53
72
72
17%
17%
17%
17%
18
49%,
48 3/4
50 ;•
50
■i
;; 10%
10%
10%
>
53
107a
32
317a
72
72 >"
72 •
18%
18%-
18%
51%
51%
5134
Ben
Ami Co
'69% Jan-
Aug
35
19%
Jan
)■:
17
127
Dec
28%. Dec
Jan
Jan
>48
98%. Dec
17-
155
Nov
Jan
72 34. Dec
23
Jan 17
Jan
Doc
35V2
'
Nov
30
Aug
65
#■
Dec
63
'
227a Aug
17
14'
Dec
1097a
Sep
Jan
Jan:
38
Dec
Dec
Jan'
9
137a
Jan,
257's
32% Jan
9
20%
Jan
3274
38% Jan
3
46% Jan 23
18%
Jan.;
42% Dec
,1097a Jan
2
2974 Jan
:
/ 3
3274 Jan
'4
"""737a Jan
.
-v
_5
67
25
21
Jan
110
63
>
17 74
Jan
17
90
Feb,
68
Jan
12
52%' Apr
16
9
•40% Jan 14
4
1907a Jan 14
%5L
Jan 14%
Jan
3
.56
8% Jan
3
117a Jan 23
567a Jan
3
60%
BorgwWarner : Corp_i—> »—.„.i^.i.5.'i
48
5,100
Boston & Maine RR (assented) >190
power Roller Bearing; CO—.—,—5
Jan
44 74 Jan
-
78
Dec
67%
Dec
407»
Dec
191
Jan
114
Dec
*
33 7a
Apr
457# Oct
367a
Apr
55
17
Jan
Dec
109
247/a July
7
3
179
1 no;.
(The)>-—«lo
Dec
34%- Dec
Apr
49%
Jan
Dec
112
X108 7a Mar
2
•
>7
Jan 22
>38% Jan
Jan
108
1C4% Jan
common—
—
Nov;
8
No par
No par
preferred —:
297a
Jan
30
5,700
33
77
>37
22 Vb Jan
Borden Co
900
40 V4 Jan
Dec
May
4734
15
•28 % Jan
•337a Jan
5
»
Biass
Jan
•
Dec
24%
103%
10S7a Jan 18
156
Jan 17'
149% Jan'
'
4,400
>'
31
31 % Jan
0
No par
class A
Bond Stores Ihc
4We
111%: Jan 23
58 > Jan 17
v
Dec
136
>■
Jan.
18
25
>
Jan
12Va
.
42
Aug
>
12%
0
33% Jan 25 ;
9374 Jan
par
i
Class B
5,000
60
327a
NO
Bohn Aluminum &
;>>>: -300.
107a
60
Co
Boeing Airplane Co
170
90
>5334.
■
>
>
i
No par
ArLaughJin Inc
Bloomingdale Brothera.^
1.10O
.503/4
:
(Del)_
Bliss
15,800
'.
.
186
'
Steel
Blumenthal to Co> preferred___>_100
/>
33 3a Jan
1
>:267a Jan I
Blaw-Knox
.
I,020
A:
;>
7% preferred-.-..--...^.—«_ioo
;
Blgalow-Sanf Carp Inc__
No. par >
Black & Decker Mfr Co:
No par
400
387a
2874
*178
11
31%
"10,200
63
603/4
60
.
107
>->> 5074
53%/
800
1,600
114
•
177a. Dec
9% Apr
35
21
Jan i
28
'I
14
15
Jan
•
Highest
< per share
share
per
Jan
2234 Jan;
527a Jan ;
*
No par
u
1
,
Bethlehem
1,300
-
Loan
17% Jan
108% Jan
5 /
I
share
per
43
25 7a Jan
^.100
Lowest
134!
Jan
7 20% Jan.
26% Jan >
•; BestFoods
111 7a
/
*
60
/
.
3078 -3172
50-
"52%v
*•
Indus
127
10
Aviation
Best & Co
3,000
4,800
19,100
•
693/4 j 693/4
-
Beneficial
3
>39% Jan
"
;
47i%. preferred—
Bendlx
3,300
46
,.
*10674
*58%
59%'
58
,
>
186
'
497a
'
7a
*•109
'397a
30
49
30
'/a >'24 Vt
31-»/
45
•
•
•-
3278
64
*•181
185
23
107
687a
48%
,
111,
70
to Howell Co-.
36 ^ *387r.
*
•31
46%
1067a
39% ;
185
4872
.
7: 01 74U 70
:
63
39%
:
195
.49%
49
-
*180
187
63
31.
4674
v
1067a
106%
63
38%
39%
186%
i 70
69
68 *
107
107.
63
65
39%
39%
68
-.
108%
*63
107
24%.
*•10974
V
'
-72 .>"
.;>' 70%
36%'
.
Bell
6,700"
§
t
share
147a Jan
>
_No par
Corp
S per
;
20
;
Belding-Heminway
Aircraft
373/4 ;. 38 Va
2674
267a
'
CoJ—
Year 1945
•
■%'. Lowest
50
3,100
1013/4 1037a
;*150 J !^157:
*.74%:. 75 7i
76
2434
76
35
36%
01
76%
36
♦31
;
.
27
105%
1547a
155
.153
76%
•
383/4
26%
'
1
RR
Bell
30%^
,
Creek
Range Since January 1/.•>:
Highest
\r
Corp
Beech-Nut Packing
15,800
112
29%'
Aircraft
Beech
3,200
54% 7 :5574'
3074.
.
X3774
103"
Beech
130
200,<
30
*110 7a
.'103%
36
V
293/4
-
.
'
101'A
6,200.
,
22%'
297a
*
101'/a
•
;
>
>>;
*.?: 327f* 3334
337a-
2973... 30
*11072 112
"/ 5574. 55%.
557a
26%
136
22 74
22 %
32%
111
29%
,367a
26%.
156
4154
33 <-
55
m28%
167a
45
-r •
Range for Prevlouii
'
///
Par
'
'
"217a
21%
111
"
*42
>*134",
'
RR
.
*1674 '
•
45
136
./:> >/
..
STOCK
>:r»>EXCHANGE "
rShares
,
136
297a
110% 110%
:
/55
*
;i6% '
,
*41
NEW YORK
the Week
/ t per share
:
share
*132
.v-
32%
293/a
29.
112..,
54
100%- 102 J/a
/
16%
163/3
::7-43
21%
;
21 •
31/ > 32
*
38%
26%
a
*132
"
f
-
30"
*109
' 30
7
-
59%
57%
557#
.
31
43
-
136
20%'
$ per
"
112
♦109
;
21%
;
,.30%
•
*132
134
21'
v
29%< "31%
...
*42.:
29%
" 21%
21%
V
.
,
15%
• i6y».
43
'
STOCKS
Sales for *
Jan.25
Jan. 24
' *
;.b:.::i^per-share'.
,'ct per share
8 per share
I per share
". is':/.-: Jan. 23
Jan. 22
Friday:^
Thursday
Wednesday
Tuesday
Monday
Saturday
> .J".'
RECORD
SALE PRICES
HIGH
AND
LOW
'..
.
NEW YORK STOCK
574
Jan/24;
Nov
1034 Jun
Apr
Ci 42%
Jan
■r:
597a
Nov
377a
Dec
"
32
;>
♦72
17% "18
50
51%
58
58
38
38
♦111%
48
33%,
3374
*37% i 38
♦124%
38
37%
3574
1974
125
124
24%
23%
24%
95
95
95
9434
953i,
95
22%
23
22 %
2372
23%
*33%
35
35
35
36
.
Brlggs to stratton-
37 »
>
52
59
Jan
9
18
3874 Jan
15
11072 Jan
9
111% Jan
11
106
357a Jan 15
:>> 21
/;
Brown Shoe Co new——
^15.
37% Jan/24
3974 Jan
Bruns-Balke-Collender
par
34% Jan
18
3774 Jan
11
7,500
Bucyrus-Erie Co
1% preferred
_5
1872 Jan
3
20% Jan
15
100
128
25
Mfg.—.——.No- par
$5 preferred ——..No par
880
II,900
i' .s
38
120
100
Budd (K G)
23,000
24%
V*.
:'
Jan
10
No
Budd
Wheel—..—.No
Buffalo
1,100
Forge Co
'2
Jan
•22% Jan;
126
Jan
.
Dec
July
59%
■
43%
423/4
4374
40 3/4
413/4
3,800
4374
4474 '
>41%.:
44
8,900
40 %
403/a
427a
42
421/4
40%
40%
39%
40
4074
4074
41
44%
41%.
42%
42
43
43
44
4372
44
112
*108%
112
♦108%
19%
19
18
*108%
112
'108%
110
*108%
18%
1872
19
14
14%
14%
35%
94
94
94
94
14%
13%
93
93%
93%
*87
87
27'A
26%
103%
29
28%
45%
"'%> 3%:
43%
56% "'
-44%
?55
44
54%
-
43
■.
3%
34%
43%;
93
83/a
;
23 341 Jan
9
t
Jan.
>j
>':4T>-
9%
v$
34
34
125%
W
•;
-.
9% .'.10%:'
'
33%
3334
125%
*54
56
:
11
11%,
3474
-
126
q
48
47%
20%
18%
25
74%
Jan
15
10 /
Jam
3
3874 Jan
24
227a
Jan
377a
Oct
44Vi Jan
174
24
V» 18%
Dec
common
Butte
Copper & Zinc.
•
21 %
22
21%
667a
*64%
18
Jan
57
*55%
57
133
*19%
20
*56
57
.
1%
57
1327a
477
*4672
132
'
rl%
32%
1%
v:
46% ...,47
31%
30%
48
31%
*5572
132
132
48
•1%
'
rl% -7
80
*77%
80%
9%
9%
9%
Jan
Jan
Jan
8
Sep
Jan
203/4
Dec
;i57a
NOV
9
25
109% Jan
3
3
2
14%
3%
104% Jan
39
46
-
10
Jan
17
557/'a Jan
14
474 Jan
Jan- 2
54
Jan >7
3% Jan - 7
16
Jan
27 Va
*
.
»
44%
45%
43%
44%
43%
75%
63%
74
75%
%
64 V*
109
109
158%
241/a
24%
.
-
39
;68
20
57.
57
'*
*79
80%
44%
1097a
1587a
63 V*
>
"24* >
63s/8
•
r 2i ;: 217#:
21%
203/4
2174
28 Va
2874
28%
28 7e
2»7a-
11%
117a
113/a
107a
117+
12%.
13
12%
12%
12% ; 12%
12%
1274
12%
39%.
40%
291/4
29%
48%
49%
15%
47%
*27%
10
227a
22
233/4.
40"
40%
407a
417a
4174
*28
297a
473/4
297#
2874
48
us
*106
•-
21
•103
21
*20
21
*20
30%
58%
41
73%
25%
25%
257a
25%
25%
1574
1774
167#
17%
43,900
31%
327a
3274
327a
32%
337a
32
33
10,100
39
39
393/4
347a
35
36
7974
797a
V
>:'33%
38
78
77%
40%
'
72
:
39%
72%
34%
347*
'.';.*24
.
21
12%
45 Va'
40%
*57
29%
•*77
•68
>
13
12%
13%
13
10%
.«'
23%
58
66
6574.
65
68
23%
23%-
.
230
*190
*102
♦56%
39%
" >
>
56
*152
For footnotes
see
RQ
112%
11274-
23%
57%
10772
v
59
68
687*
*"190'
/
/
1
a; *99% 100
*56 3/8 7.59>-7p
40%
40%
/
;>•
1
56%
page
-
/
2374
*68%
-
\.
483-.
55%
*152
56%
156
/V
I'
•
108.
-
'
'
*112% 112 %- 4
"1127a
'112% 1127a '
.."-5872 \ 39%
597a'
583/4 ; 58%
>
*107 > 108%
1083/+ s> 108% 1087a
>
»100<
1017a
'»■ *100
100
7100 H
1017a :
40 *56 7a
59 '-• '/ >
•*56% - 59
*567a
59
>> /
41
•'
41% 404 A1
41%:-:
403/a
41
;
5674
57
156
-7
-
•
56 34
5%%
City Stores.//:
Clark
5674
*152./ 156
563/4
*152
57
157
> •'
>•>/
—
„N»
Jan
No
par
30
Clev & Pitts
•;
15,600
1,900
Special
gtd
Co
4%
1%
stock
Climax
Molybdenum:
Cluett Pea body & C01
Preferred
gtd
50
;
par
No par
—
^
100
>
Dec
•
377s
■
.71
667a
m
Jan
104% May
127
Jan. 10
.
145/s
Jan
NOV
110
Jan
Jun
159'
-
Dec
i
Dec
•
25% Dec
Jan
21%,Jan
9
18%
Jan
15
207s
Apr
31%
Dec
11% Jan
8
474
Jan
113/4
Dec > /
117s
Nov
133/a
Nov
1137a Jan
1097a
3
10%
23% Janv IT
25
Jan
21%
Sep
; ;t
Feb
Jan
11574
Apr
>20%
Jun
Mar
40
Nov
24i5
10%
Jan
16
33
Jan
24
7
Jan
11934 Jan 10
108
Nov
180
21V4 Ma®
33
Oct
■
377a Jan 25
7
327a Dec
50%
...
55
Dec
112
Nov
f073/4
Dec
17
108%
Jan
11
41
9
5
21
Jan
' 2
147s Jan
60
Jan
18
47% Mar
1572
18'% Jan 23
>.
Sep
Oct
Jan
111
.
Dec
Jan
2872
114
5174 Jan
Dec
16%
Jan
15
3
3
Jan 21
>.
Dec
:
58%
Oct
>.
26
Jun
22
Jan
'
25 Ts Jan
25
33 % Jan
24
678 Mar
24
1774 Jan
2
/
:
12%
Jun
5.7/s Jan
> 12%
Jun
,<
h 34%
Jun
|
24
Jan
27
Dec
;
(
i
>
8
1572
Jan
36
Jan 23
247e
Oct
33
Dec
81
Jan 23
667a
Oct
74
Nov >/
437a Jan 17
43
Jan
.
'
2574
Jan
49%
Jun > f
75
Jan.17
54
Jah
66
Dec
; 37
Jan 17
19% Jan
597a Jan
11
V
67% Jan 17
227a Jan
11
1474 Jan
.
9
46 3/4 Jan
■
Jan
X23
4% Jan
15
Dec
48
Nov
14
293/a
Jan
Jan
Jan. 15
91%
Jan'lS
427a Jan
28Va Janv
4
30
Jan
687a Jan
8378 Jan
,
3
3
107
25
Jan. 11
.
3
x24
Jan
>104
22
65
>,
Dec
Jan
16
567a
140
:
377a Dec *?'
"
597a Oct
?
64
/ Dec
157a
2574 Jan.-.2
3
—
27
Dec
it
140% Dec
......
Jan
Jan
11
9
717s Jan. 18
Jan 22
205/e
Jan
31
Jan
98
Jan.
9%. Jan
49
Jan
58 > Aug
>30
687a
105
25.
727a
Dec //
Dec
f..i
Jun>Nov
Dec
•
Dec>
170
Feb
205
/ 89
Jan
105
May
115
Oct
—
-
A; 112
Jan
1137a Jan
22
107% Jan
>
57
Jan
4
2
152 Va Jan
2
.52
109% Jan
44
Jan
-.68% Nov
1107a Apr
1063/4
Nov
10
937a
Jan
100
Juif
Jan
14
537a
Jan
59
Nov
42% Jan
17
3474
Jan
413/4
S^o
35%
Jan
10072 Jan
997a Jail
•>>37% Jan
10
108 7a Jan. 24
11
3
Jan 14
10
643/4 Jan
3
/ 577s Jan
50
Ne
15
14
x25
7-
Louis Ry. Co.——100
RR
66 % Jan
473/4
:
1597a Jan 18
3
.
175
Jan
52% Jan
-
oar
:./•'/ 5% preferred.
t
: //
•; mp
190
Clev El Ilium $4.50 pfd^
—No par
Clev Graph Bronze Co (The)
2,000
1
;>.;../80.
5% preferred
100
152
15
1097a Jan
v
.
•../•;•
Equipment
0. 0. C. & St
-
585/a
*152
2,800'
230
*102
series—100
.No par
Jan
77
:
,
par
„Nopar
preferred————100
1,500
707a
*190
108
•
City fee to Fuel—
City Investing Co—
v
"
23%
230
pfd 4^
C I TFlnancial Corp
110
par
—No: par
Chile Copper Co——.—.29
Chrysle* Corp—.
360
*107
■
156
>
/
par
Oil—^———.10
2,300
,
112 7r
v
'
-
1077a
/
100
407a-
24
*106
Cotton
Dec
Dec
,
No par
No
10
13% Jan. 24
93/4 Jan
2
29
Jan
3
38
Jan 22
/ 29% Jan
3
697s Jan
3
38
Jan 2
697* Jan; 4
34
Jan ; 4
56
Jan
3;
63 V4 Jan
4
' 233/4 Jan 11
193AJan
7
; : .1278 Jan. 21
42
Jan 8
1307s Jan -3
Co——
Cinn G & E Co
837a
,
div
cum
827a
48%
Jan
:
98/s Jan, 2
100
:
8,100
29%
'
tchiids
11,100'
55
297a
110
pf ($2.50)
Chlckasha
114%.
'
%->:
107%
58
135%
537a
813%
-
1,200
4,700
"
5434 >
preferred wi
Chicago Yellow Cab
100
29%
108
113%
135
*113%
Pr
500
46
5%
Jan
1767a Jan 24
2
2074 Jan
———.—40
Chicago Pneumat Tool—..No
$3 conv preferred.
No
~10
7.
13%
*45
.
-
22
81
*106
-
230'
108
>
,
.
68
*190
*102
,
29-
23%
108
.:
41%
156
110
67%
807a
.
,
A—
Series A preferred
—100
Chicago & Northwest'n w i—No par
.
3,600
24%.
1367#
29
807a
807a
*106
108
:
230
,
59
28%
29
*102
•V
35
*663/4
1147a
54%
:
13,300
4,800
74
;>/24'-/
•
46
1357a
543/4
21,800
'
♦•1137a
H5y»
53%
*77% !' 80%
*106
*45 Vi
13534
*1137'a
54%
29
,
45%
1157a
53
•
25--
*190
j-Vv
'
40%
134
13238 ,133%
*113%
"
*56%
*45
45
45
22%
22%
*66% ' 67%;
A-
41%
>13%
127a
110"
112%
.'-,*112% 113%.
61%. > V, 59
61%
107%
; *107%. 108% i
*99%
.7*99% 100 * >
♦152
217a
80
66-
72
230
108
227»
29%
>
*106
23%
*102
227#
55J/a
53%
110
*190
67%
24%
217a
115
29
80%
23
*2374
2174
130%- 133%
*113%
29
♦108
67%
*2474
47,000
: 58%
*57
213/4
45%
*79
>
587a
*66%
60
Class
>
Nov
SO8/# Aug
57a Jan
357/s
17
17
4772 Jan. 15
Jan
102
Jan
20 V4 Jan
547s Jan
.
Chicago Great West RR CO—50
5% preferred—
50
Chicago Mail Order Cdj——/ /-.5
Chic Mllw St PI' P' vtc
No par
900
367a
80%'7
r
34%
25
44%
55%
.7374
35
*6674
12%
55 Va
40%
7472
35-
*20%
12%
V
135;:; 137%
*113% 115
417a
74 V#
*2374
..
.
1
,
17,500
397a
357a
> 79%
25
/
■
•57
60
39
36%
81
66%
.'
21
21%
12%
*56
48
8&ya.
21
66%
68
*44%.
60
•
>
3534
74%-'
343/4
73%
34%
*39%
'
81
.41%
405a
40%,
7134
'
.'
34%
34%
:'*56'
Mfg—
.——5 •
Chesapeake Corp of Va.....—.^.5
Chesapeake & Ohio RyL.——..J25
Chic to East 111 RR Co—JVO par
31,200
18,700
163%
'
25
18
157a
'
24%
585/a
17%
177a
71%
*67
58
187a.
24%
33%
39%
73
58%
597a
177a
80% Jan
10
;
0
110% Jan
100
Dec
333/4 NOV
9
.
41% Jan
Jah
2
31
Jan
Jan 24
>51% Jan
Jan
7
Jani • 3;i7% Jah
Champion Pap & Fib Co
No par
> $4.50 preferred
.——No par
15%
39
39V*
*56
207a
49;
Jan
Jan
Dec
Nov
Mar
21
Jan.; 3
Jan.. 8
Jan. 4
Nov
-
56 A Oct
135 v
Jan
32
2% Jan
9
112% Jan >5
47
■72
,
'
33% Jan 17/
Checker Cab
17%
58%
59
1774
37%
283A
4672
14%
116%
Jan 24"
134'
'
•21
Mar
49% Jan. 15
Jan.
900
237*
32%
76%
35% 7>" &
*20
52
Jan %
297a Jan
•
103
t
V 20% Dec
Jan
Jan
Dec
56
Jan
It
Oct
1287a, Dec
Jan
4872
Jan 21
200
48
103
Products—.——..P
Chain Belt Co—
10 3/4
16
15
57
A
45%
J an
Feb
677/a Jan
Jait >2/
——No par
147a
•38
78%
35%
1,500
12 3/4
31
34%
377a
31%
30%
Certaln-teed
■
8% prior preferred—.100
*112% 115
20%
43,900
115
48
487a Vi
5,200
23%
587a
15
11%
41
20%
17%
100'
i
Jan
Dec
32%, Nov
■
Jan
20% Jan
'
29
112
,
tCent RR of New Jersey
300-
49'
37
31
> 47
227a Jan 15
3
Jan
4
Jan >4
12 74 Jan
Central' Vloletar Sugar GO—..——— ,-j
Century Ribbon Mills—
No par
Cerxo' de Pasco Copperi
No par
23%
22
12%
33%
..•'.s/77%
*10
J: 12%
14%
15%
23%
12 Va
Central Hudson G & E CorpJVo par
Central 111 Lt 4%% preferredi—100
Jan
Mar
113%
Jan .14
.
2773 Jan< 3
10% Jan- 4
Foundry Co—....1
3,600
59
187a
58%
.23%
.
/>
—
2,200
•
2974
*110
105
21
58
'
Central
17,400
1
417a.
483/4
115
*103
108
*20
>,>'
*47-3/4.
*1127z
112%. 115
105
37
:
.17
115
36%
47%/, 48
48
115
105
>
133/4
115
*273/4
•4972
177a
*110^
35
106
7 14%
:•>•; *39
34
34%
41
.
.100
8,300.
22% >23%'
'41%-
130
677a Jan
3
607s Jan 4;
-10872 Jan .2
155
Jan 2
.
- 22% Jan- 3
20% Jan
2
JVo par;
9,600
.
175
.JVo par
preferred
——.20
Central Agulrre Assoc—JVo par
1,680
28%
.
137a
*•113%
287#
17
115
: :
v
$4.75 1st preferred!
7% 2d preferred
Celotex Corps.-—.
5,400;
11%,"11%
237a
4874
48%
*110
:/
—100
———
Caterpillar Tractor
No par
Celanese Corp of Amev—Jlfn par.
'
167* >16%
167a
*47 >:
*11272
47%.
*99
59%
59
47
,•28
'
115
34%
115
*112%
;;>
110
-
34%
34%
47 >
35%
157a
*110
115
*110
:p>
47%
15%
15%
*112%
*20
49%
23
"
28
v
U4%./>
.*•113
110
21%
29/»
•
47%
V
16%
*112 >, 115
35 V*
;
4^%:;
159
24% > 24%.
21 y8 -2174
25-
10%
lJ47a
737a
Preferred
110
28%
*113
—
150
175;
72
17
par >. >125%
Ry Co—.100 * • 1.
Canadian Pacific Ry
25 >
197a
Cannon Mills
:
—,—.No par
65>
Capital Administration class - A—1
,17%
$3 preferred A
10
55 y2
Carolina Clinch to Ohio Ry——100-> : 128%
Carpenter Steel Co——
5
46 74
Carrier Corp
10
28 V2
Common^rights—:
.
l3/4
;>>A%%:>preferred- >--/—•; > 703/4
Carriers & General Corp—j—1
18%
Cass ( J I) CO—.. ■ 25
437®
200
20%
39%
6,300
64 s4
10 %
114%.
22%
3,400
*157>
28%
21%
"
4674.
*108% 1097a
25 "
23%
23%
300
.7974
10 •'>*"
•
17s
6334
•'"'21%
39%
21,200
159%
10%
*113
>600
7
1087a
637a.
28%
•
280
1587a
159
-
11%
22
40
108%
6374
63
/.'457a
•
«49% Jan
20
17
427# Jon 4
Jan 19
>y> $4.25 preferred.—JVo
5,000
7,700
29
114%
:
•/'
*
*108% 1097a
159
v
74s/a
73%
74%
74
747a
7974
10->
,
10»
46%.
176% -
176%
175'
175
.'.7
>
21%
21%
800
31%. 32
80%
45%
10%
21
300
50,400
28%
,■«
«
82,500
-
20%
>57.> '
4774/ 48 f
32%
10
176
23%
66
...
133% 134
48
31%
10
62%
~
48
•,
•56
134
46
15872
23%
132%
9%
*108%
23'%
'".VV
4574
63%
158
.
207a
;
3574 Jan
Jan
Apr
> 97a Nov
•:
'
2
21
" Dec
56
4
Apr
• Nov
43
-
Jan
6%
Dec
1017a- Feb
Sep/
IV4
11% Jan 25/
>
Canada Southern
r-*56 rSI3/*
22%
66%
21 %
*113
770
\ *54
20%
323/4
80%
109%
63
157
49
32%.
"
9%
-
73%
75
*108%
158%
176
176%
*176
175
175
48
127
.1263/4
> 8% Jan/ 7
Campbell W & G Fdy—No par
Canada Dry Ginger Ala cpmmon—5
1,100
2,400
34%
47
.V
*64%
132%
*47 7a
r:
487a
1267a
Calumet & Hecl& Cons Copper——5
-
Oct
>• 28
Jan
>52%
>
Dec
Dec
77s
v
87
Aug
22% Mar
16
35% Jan
Nov
"
273/4
110
Jan
15
317a Jan 23
Nov
>81
Jan
105% July
77a Jan.. 24 ;
Dec
•95
59 74 Mar
9174 Jam
A- 28% Jan
.3
;
Dec
1117a
•
774 Mar
>>77% Aug
Jan 17:.
33% Jan 21
/
Dec
39%
'13%
4
997a Jar.-
—
42%
105
2
2472 Jan
Packing—.
No par
5%: preferred:
——.50
Zinc-Lead
a——1
397a
Apr
9
94
24
Jan
No par
Jan
14% Jan, 10' ..'
10
.2574 Jan
109
California
117,200
1%
80
95/a
81
13272
'
31%
"31%
9%
*79
r 58
■
■.•.
30% Aug
>
14
20
3
7574 Jan
•
109.
21
90
No par
Callahan
4
Jan
137s Jan
Participating preferred^———100:
47,400
11%.
*33 7a
347a
::2iw;bm&-
667a
1874
'
\
•
>24%' Dec
20%
43% Jan
2
1%
46% Jan 14
3
108% Jan
—..5
Byron Jackson Co
4
39% Jan 22
38% Jan.
1
preferred
100
—.10
Byers Co (A M)
100
.
37% Jan
" '■
preferred—————100
5,500
.
474
103/4
1174
>54.
66%
18%
12674
56
207a
65% ■65%.:;
20
*55 %
>
48%
:
>
128
7 *54
;
•1834
21/
21%
67 %
•131%
.
34-
34%
126
.
56
*54
>
'
y
Oct
957a Jan
25V4 Jan
100
1,600
/>
-
547a
47a'
4%
4%%
170
44%
*54
54% v.
4
Butler Bros
11,700
347a
43%
44%/ 447a
*54
54%
2%
10%
467a
467a
21%
20
34'
,125%
•65%
>
97
3
30% Jan
.i..l00
preferred
15,500
7%
'
47%
125%
47
47%
125'/a
56
: -*54
-9%
33%
9%
9%
■
25% Dec
:
'
...
Dec
203/4
128 > Nov
Jan.
107a
Nov
>40
1234 Mar
120
24
21
No par
Terminal—...—i—..—
Bush Term Bldg 1%
310
200
347a"
.
6%
6,800
30%
31 >
1037a IO33/4
343/4
Bush
150
2834
preferred
Burroughs Adding Mach—
3,200
111
*109
•
19.700
90
90
28
28
109
34%
443/4
*53
-
374
93
„
103%
■/
43%
54
■
4
1474
7%
L,: mJ
: 3i'4
31%
100% 103%
31%.
33%
197a
'
90%
27%
109
103%
347a
54
;;
54% •«'.
3%
4
90
.
77a
307/4
103
34%
34 <
*93
275/a
187a
14% ;
94
14%
110
6 3.4
6%
29%
/,.
90
277 a
*109
■*
103
103%
33%
35
893/4
'
27
111
6%
*102
103%
34%
7
27%
30
89%
26%
*109
111
6%
7%
28%
88%
88
27
26%
*109
111
6%
>":>
Nov
Jan
93
No par
Bulova Watch Co., Inc.——5
Burlington Mills Corp common—.1
,
4%
14'%
1974
19
14%
141/4
86
*108%
18%
14
*109
110
18%
vf
93
i
Nov
;
2273 Jun
par >>
—^..1;
Bullard Co
2,800
112
40
40
40
41
41
-
Dec
112
'
43%.
'•>
Dec
36
•
;
Jan
..
NOV
15
26% Jan
3
5272
35%
2
3572 Jan
32% Jan; '4
!
4074 Mar,
5374 Jan
Dec
19%. Dec
3734 Mar
...—No- oar
Brooklyn Union Qas^_——...No pan
/
10% Mar.
600
957a
37
3
80
Jan
47
15 '
1,100
953/4
.
Jan
47%'Jan
.
24%
3874
Jan 21'
19
197a
247a
243%
72
!6%Jan>3
9
Bristol-Myers Co New
2.50
33A & preferred.——.—^—100
600
3,000
34'/a Jan
35
125
957a
24%
367a
247a
600
>: 17% Mar
30% Jan 22
72
Jar/21
•
38
r
.
19%
25%
9572
24 3a
34%
25
257a
937a
24%
24%
37%
35
-
-
126
125%
,
7,000
*111% 112
33% ; 33%
;
2074
34%
.
Brewing Corps of America——15
Bridgeport Brass Co-—
No par
Brlggs Manufacturing——No par
10,000
*373% ;..38
353/4
1934
19%
325
23%
'> '
37%
'3672
37%
95
'■
Branlff Airways Inc.——.—2.50
300
>
187a
50 74 .50%
553/4
55%
.
34%.
23%
23%
7,800
"
33%
*35
80
1
187a-
38/-
34
33%
19%
19%
*65
112
*11172
3572
125
125
125
125
.
,56%;
*377a
?8%
*11172 112
>
38
35%
19%
19
201/a
19%
*37
.>■
56;
:
567a ; 56%
*37
33%
33%
34%
34%
112
*111%
37%.
*37
35>A
34%
57%
38%
38
33%
*68
72
*55%
112
*111%
33%
337a
•
*65
38
38
112
'■
>
57%
*55'/a
31%
30%
/
57
v
59% Jan 18
156
Jan
16
140
Apr'
53%
155
Oct
Dec
...
w
LOW
Monday
J»twr4ay
•1185
Vz
*1185
47
47
106
•105%
*39
>>35%
44%
"
Vi
: 12%
109%
105%
105 %
'
53 %
*52%
49% >50%
48%
7y2
;
45%
36
45%
34
>108% 108%
53%
■'>27%'
23%
23%
35%
36
35%
35%
45%
8%
44
44%
3
8
19%
18%
31 y8
32,%
31% > 32 Vs
34
35%
35%
36
41%
42%
42
42
42
43%
13%
*108.
44%
109%
*112%
113%
46
113%
15%
16%
♦112%
15
*110%
15%
16%
15%
61
59%
61
60
21%
20
21
38%
21%
37%
;
21%
37%
41%
41
41
41
29
27
28 Vi
27%
27%
56
*55
55%
55
56
1S%
20%
19
19%
19%
19%
.
37%
108 Va
*107Va 108%
6%
40%
6
'■
'*34
•
38%
58%
60
■29 %
!
'38%
38%
'
'4'
120
48 > '
-312" '
s
308
120
0.
112
*165
*
26%
27
108%
*107%
*107%
41%
40%
40%
108
108
108
,
5
"
*165:
•
—
,
•
47%
99%
.
44%
48
>*48>
49 V
111%
49%' "
'
23%
21%
..
'if:
27%
27
27%
r
26
27%
27%
25
25%
;
280
48%
: 112
74%
9%
8%
9%
28%
29
29%
*125%
129%
27%
25%
26%
26
113%
2.300
*38'A
39
38 %
38%
38'A
39
39%
39%
33
*32%
33
33
33%
33
48
47
15%
47
'
16%
467/8
25%
25%
33
14%
32
15%
25%
i
78
25%
*73
32%
32%
34%'
*
15%
39 y4
39%
.
16
108%
Jan
41% Jan
15% Jan
25
26%
Apr
40% Nov
12
8V4
Jan
17%
Dec
109%
Dec
4
21
106 % Jan
25
Jan
109V# Jan
8
110% Jan
2
44
17
10%
46
>. Jan
5
63
Jan
18
3
23% Jan
15
41% Jan
14
44% Jan
10
25%
*73%
34%
35
34%
36.000
;■
;
39,000
78
>
3
62% Jan
3
35
Jan
3
Jan
8
107%
/
27% Jan
67% Jan
38% Jan
.
109
64% Jan 21
; 199
Jan
4,400
Devoe
Dec
29% July
43
Nov
Jan
44 ¥2
Nov
16
15
Jan
28 Va
Dec
55%
47% Feb
H 12% Jan
49%
53%
16% Aug
21
30
:
Dec
64%
v.
Jun
Jun
26%
52 yB Mar
11
Nov
19% Dec
Jan.
19
Oct
Oct
38%
.
108
Dec
15
101% Aug
581/4 Jan
71
Oct
25
Jan
182%
Jan
199
Dec
Jan
14
6
Jan
13
Dec
Jan
25
3% Jan
Jan
-11%
■> 7%
7% Dec
43 y4
Dec
38% Jan
21
42% Jan
15
25%
Jan
2
108% Jan
16
> 99%
Aug
32
Jan
2
35% Jan
14
24
Jan
38
Jan
3
39 % Jan
11
28% Mar
56
Jan
5
62
Jan
14
37
Jan
59%
Dec
51% Jan
11
52% Jan
19
49 %
NOV
53
Dec
29
Jan
3
31% Jan
11
20%
Jan
30% Dec
107
Jan
21
109
Jan
8
106%
115
Jan > 3
122
108 Vi
•
Jan
25
49% Jan
443i Jan
9
14
Nov
124
Nov
52%
111
Nov
Aug
42
Dec
29
87% 'Jan
112% Jan
Jan
46% Jan
8
28% Jan
10
Jan
8
145%
Jan
50% Jan
14
25%
Jan
8
99 Va
Dec
160
Jan
165
35
50
101
25
29%. Apr
July
39% Jan 25
107
Jan 15
Jan
Jan
Jan
105
28
Jan
2
3
26
Jah
24
9
2i
146
Jan
11
122 Vz
74% Jan
9
9 ¥2 Jan 24
Sep
51%
Nov
102
Nov
51
Mar
56
Dec
xl50
Jan
22
Nov
> 16;'-Mar
Jan
39
25% Jan
Jun
;112
Dev
35% Jan.
110
.
Dec
41
Oct
106
Dec
34%
"
Sep
108%
;
Jan
Dec
56
24%
Oct
154
Apr
Oct
59% Jan
5% Aug
75%
18%
30'A Oct
Oct
Nov
9
'
27
Jan
3
29% Jan
24
35 Ve Jan
3
39% Jan
25
23% Jan,
3
28% Jan
11
3
27
Jan
14
111% Jan 14
113
Jan
7
118
.25
45
Jan
Jan
Jan
49% Nov
39% Mar
47% May
39% Jan
33% Jan
24
34% Aug
18
22
34%
13 % Jan
4
16% Jan
16
26
Jan
18
Jan
14;
67
28
Jan
3
35
Jan
24
■v:
33%
Dec
Jun
16%
:
Jan
Jun
7% Mar
Dec
25%
Jan
75
25% Dec
Sep
29%
Jan
,
Dec
40%
> 57%
Aug
,
21
75-
3
14
Raynolds A new—12.50
Dec
33
15
Jan
Dec
Dec
17
Jan
Jan
28
28
> 114 >
17
50
75
Sep
Dec
Jan
56%
=
3
25
37%
Apr
27% Dec
16% Jan
108%
Oct
125
Sep
25%
43% Jan
-100
Jan
47% Jan
2
; 42% Jan " 5
37 % Jan 11
30 % Jan
4
—No par
——20
—10
Edison———.—20
&
59% Oct
20
107% Jan
pfdU.*<400
RR Co
Jan
Jan
29%
-
3
202
2
Jan 21
6Ve Jan 21
17% Dec
Apr
8%
Jan
69%
«11
Chemical Corp
Dptroit Hillsdale A 8 W
Jan
30
7
22% Jan
Records Inc——1
Detiolt
■
34%
21
Jan
26
Deisel-Wemmer-Gilbert
Delaware & Hudson
—100
Delaware Lack & Western———50
1.300
Sep
Dec
14
Jan
40
N. ■> Y—
(The)—
Stores Corp.,
50
113
37%
17
Amer—_—No par
Deere A Co—.
Preferred
——-—
3,300
15%
25%
25%
■
Jan
106% July
15
21
Jan
Feb
115
93% July
10
48% Jan 14
37% Jan 22
.
Jan
113% Jan
17% Jan
■.
No par
Dayton Pow & Lt 4% ft
Decca
.
1.400
f 33 '
>47%
15%
16%
25%
34%
34%
r
*73%
78
*73
78
Dec
Jan
114
2
15,500
26
45
7% Jan
110
53%
45%
■
17% Aug
17
Davega
53%
25%
8
Jan
Davison
44%
14%
Jan
Jan
1.200
54-,
♦73
Dec
47>
73
3,400
46
78
40'A
21% Jan
28
45%
26
25%
142
3,200
54
14% V 15%
9
Prior
!>26
*112%
*112% 113%
113
46%
Dec
Jan
$7
*
11,400
39%
27%
2.7%
,
29%
39%
45'A
33
17% Jan.
38
106% Jan
*125% 129%
•
38% > 39% :
54%
47%'
Dec
33% Jan
35%
93% Jan
184,600
9%
,
54%
33
Dec
45%
30
2.600
73%
74%
44%
-
32%
.
54
46%
22
Jan
preferred-———r
No par
preferred—
—No par
CurtJss-Wright ————«—T
Class* A———-—>_——_1
Cushmftn's Sffns inc 7ft. pfd——100
Outler-Hammer Inc.^
—No par
51,500
180
25 Va
45
47'A.
15'A
11% July
31%
Dreferred___—
—100
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (Thcf
.——No par
30O
50
44%
: >
16
4Vaft
144%
*143
>>
24
preferred-.—.————.100
Press.Inc———-—6
Onneo
r
46% Jan
Jan
5ft
4 % ft
10.9 »A May
\
19% Jan
Cork Ar Seal———No par
"
34% Nov
Sep
18
13% Jan
5
Cod«hv Packing CO————
:
Jan;
24%
106
22
43% Jan
100
54
46%
.
18
21
21
37
preferred—-———-——100
preferred—100
Cuban-American;
10
-7ft preferred —
—100
2,100
39%
106
24%
26
144
2,300
>;.
,
45%
.■>>> 32%
-25%
46
101
*49
90
24%
74
27%
25%
.
101
142
39
.
*99
7'A.Dec
34
Cuba RR Oft
180
46
47%
50
.
28%
113
112y2
180
:
i
Jan
3% Mar
Jan
Co
Crucible Steel of
1
10,000
28%
27%
*165
54'/a
33%
*73
*27
28%
500
"
130
-25%
Jan
Nov
'NOV.
48
,
30%
'0 par
5
$4.20 preferred
No par
$4 2nd preferred/————No par
*
500
43%
> 44%
47% >48%
,
X
7,300
49%
.112
43%
39%
8%
38
35% Jan
109
Jan
17:,4 Jan
preferred
$2
500
*104%
74
*125%
Nov
Crown Zellerbach Corp
8,100
54
:>
>
>
132%
130
50
341/4
42% Jan
——«1
Corp—
—1
Inlernat
Crown
900
>*'108%.T09
39
50
28%
27%
?*;38y4
>
28%
25%
*112% 113%
46%
33 :>
28%
29 y2
24
:>
common—25
preferred —————100
(The)—-—2
^.isiey Corp (The)..
—No pat
11,600
30%
106
24%
8%
*27.
25
:
,
39
'
8%
37%
56
45%
8%
37%
•i
52
38%
144.
73%
*125%
113%
55%
73%
130
26%
'112%
73%
37%
*125%
38
58%
*104%
38%
23%
19
8% Jan
c-«»am of Wheat Corp
90J
>> />: i2i%-122 >
49%
*99
101
*142%
Oct
46% Jan
>
'
3%%
.
1,100
38%
52
43%
47
47%
"*48
,,
V 37%
130
37%
50
23%
144
8%
28%
8%
29%
28%
*125%
22%
144
200
"■
38%
/
*165
180
*104% 106
73%
73
8%
8V2
38%
106
50
22%
142
'142
73% V 73%
*104%
28%
>
39 Va
32 V2 Jan
Refining——25
—————100
Inc.—
Crane
13.200
>
Preferred
.
18,200
40%
29%
>■,
111 %
43
28%
43%
*99
101
37%
;
53
*45
' 53
22%
V
38
105
'
*140% 142% S
®
37%
*104%
•
*104%
Coty
Coty
'*
122
112
47
46%
*99
101
*99
99%
■
37% ' 37%
106
,
4,700
.7%
58 y4
52%
30
"29%
29%
27%
.
26% Mar
6% Jan
Products
Corn
11 >4
38%;
'
108% ^*Yov% ,10"%
48%
*165
46
45%
5,400
50
*107% 108 ;
34
34%
58%
57%
52
V '
120
42%
17
Conv
'
>
Jan
Jan
54
•
*165
:
>
202
.40
■,
,
38%
•111
Jan
42% Jan
■
67%
67 y4
38 Va
"
22
Motors———-—1
Continental Oil of Del———
9
108%.
Dec
15
'••42% Jan;
Continental
6,000
.
124%
Jan
Continental Insurance——.—10
820
37%
202
38%
27%
27%
.
67
37%
*38
49
37
4V» Nov
Jan
Jan
Jan
8,600
26%
37%
34
42%\
52% Jan
Dec
28%
:
Corning Glass Works common——5
3VS1% preferred ——,i———100
26%
.
33%
112
X- 42
.
2
11
■
Sep
Dec
25%
>
89
15
250
.
..
67
'27%
,>67%
34
48
:
43
-27%
27
43
10
17;
*33%
112
48%
•HOVa
'
-43%
4
Jan
'
v
25
35% Jan
54
54
6%
120
125% Jan
24
2
53 Vb
116%
Dec,
15% Aug
14
2
Jan
33%
14
6%
,29%
Jan
Jan
2% Jan
123
Jan
6%
|l08%
Jan
..
110
>
82
6%
.
39
12
pref 5% series—4——50
Cornell-Dubllier Electric Corp
1
Corn
Exch Bank Trust Co
20
6%
,
15
25% Jan .11
Coppe'rweld Steel Co———5
■?:
20%
*53
54
11%
;
Jan
5
5
Jan 21
23
50
'
>> 19%
20%
11%
29%
51
118% Jan
Jan
Jan
47
6,700
52%
'
Dec
19
37%
57%
9Q1
53
14
67
,
Jan
Jan
20?
107% 107%
^118 >> 120 >>k
I
i
47%
Jan
11%
52%
24
56
60%
56
53% Jan
21%
*200%
52
18
8
11%
57
Jan
3
66%
52
Dec
Jan
38%
„
.
,
'•> 47,,".
49
112
•
30
29Vi
107
120
107% 107%
*116%
..
28
Jan.
55%
200%
56%
.>
52%
.*52
Oct
Dec
55
28
33%
*38
41%
26
115%
—No par
3,100
55
11%
.40%
Nov
11
—20
43,000
28
200%
108
36
28% Jan
17%
37
66
25
5
52%
—-No par
22%
Oct
40% Jan
Jan
No par
preferred
Dec
107 Vi
26%
4
62%
6%
33%
>
58 Vs
57%
:
52%
30%
"52%
34%
38%
Jan
112 V* Jan
lnc—
Nov
11%
110'/4 Nov
Jan
84-
Jun
Nov
50
Jan
90 y4
3
Can
Jun
46 V4
50 VB
Jan *
4%
24
Dec
46%
Jan
14
39% Jan
Continental Diamond Fibre—
60
r
Jan- 16
22
6.100
16
.110%
4
Jan
$5.50 preferred
$3.75
200
Jan
Jan
:> 50%. Jun
Jan
106V2 Jan
Jan.
109
~.JNo par
pfd—U00
Continental
13,500
113%
16
11%
66%
40
34
Mar;
45 Vu Jan
>14;
Cooper-Bessemer Corp——-No par
$3 prior preferred-—2-ifJNo par
20
*107% 108%
108
35
31
v
Continental Baking Co
200
:
45%
56
*53
54
i
37
202
38%
24
8
3
3,700
20%
19%
*53
108%
*107%
Mar
Container Corp of America—-—20
4.500
28
>
37
40
31
Pow $4.50 pfd—No par
Consumers
13,100
106V2
,»
43%
28
*55
20%
*107% 109
38%
*107% 109.
.
28
56
67
6%
6%
%
42..
27%
*55
27
11
25%
15
Coutlnental Steel Corp
67%
65%
14
1.000
67
*200 "A
Jan
46 % Jan
17,600
26%
65 y*
11%
li
;;
38-
42
67 y4
200 Va
6%
>40%
:
11%
25
22
38%
27%
64%
202
11%
Jan
28
18%
/
NOV
28¥4
42
53
*107%
8
37%
67%
200%
66
65%
*200
,
>
Jan
38
36%
V36%
*107%
37%
37%
«
26%
67 %
66 %
67
39
22%
26%
53%
25%
*
27%
22.
22
*42
53
53%
54
Jan
>•
Dec
115
Aug *
14
37%
39%
55%
18
110
21%
22%
39%
20%
37%
*53%
45
*110>A
60%
.
*59
39%
,i\ '26% I
H 67
15
10
15%
15%
40
41%
106%
113%
113%
15%
38%
42%'
40%
45%
113%
20%
U 42%
•v.27 »
390
14%
113% 113%
61
Jan
Consol Laundries Corp———5
Natural Gas——— >15
Consolidated Vultee Aircraft--——1
$125 conv pfd—
Consol RR of Cuba 6%
Dec
Dec
50%
41
Consolidated
4,100
110% Jan
49
106
.
Jan
3
108
10,700
42%
.
60%
63
62,
>
113%
'
108%
:
;
42%
14%
44%
24,000
31%
35
15
:
45%
44%
6,200
113 y4
*
113
*10G%
108%:
*106%
44%
44%
3.300
31 Vi
40%
14%
14%
■
108
108
45
'
Oct
72,. Nov
183
Oct;
102% Jan 23
>" 38% Jan > 5
Pictures New_—
preferred—:
34%
Jan
No par
$5
14
17
19% Jan' 14
34
2,200
35
40 V4
40
40
;
14% /.;
14%
14
15%
,109%
45%
40 »A
40
40
25,500
18%
46%;
*43
42%
113
75.700
7
46%
18%
>
36
35%
113% 113%
113%
113%
114V2
\
46%
;
101%.
55%, Jan
3
Cohgoleum-Nalrn. Ino»—--...No par
Consolidated Cigar—
—No par
Consol Coppermmes Corp
5
Consol Edison of N Y
No par
1,000
34%,
34
18%;
46
45%
31%
3,400
8%
108% 109
45%
35%
39%
>':
45%
35%
*108
■;
8%
34%
,18%
18
30%
» 15
■;
8%
108% 109
108% 109
400
45
8%
34%
34%'
34%
34%
108% 109
31,800
35
'.,■45
31%
*113
34%
52%
,,,*51%
45%
31.
40%
6,600
2
42% Jan
No par
Commonwealth & Southern—No par
66 preferred series————No par
Commonwealth Edison Co
—23
Conde Nast Pub Inc.——-—No par
'551,900
34
33%
51%
36
45
114
j
'4
31%
10
8
Commercial Solvents
12.500
125%
125%
45%
18
113
•
23%
>
Jan
Commercial
$3.60
$ pet share
.
Feb
14
Jan
106
25
7 9% Jan
preferred——4.—-No par
Credit
10
prefeiTed .4.--^4r-u--4-i.-100
$2.75
100
35
44%
s> 40
6,900
23%
.
1
200
49%
48%
3%
33%
51
:
*50
■
17%
43%
53 y4
117%
53 y4
4
51%
35
33%
34%
.17%
3,000
Columbia
Highest
>
Dec
43% Jan
fnew)_No par-
Columbian Carbon Co.
»
May
.
59%
Jan
.
■
50
7%
5%
130
33%
^
preferred series A.
—100
preferred .;
—Uve-i >-100.
6%
\
per share
•
11
.
16%
37%
-No par.
Columbia Gas & Elec
3,300.
*
27%
*114
125% 125%
125%
125
.
44%
42
>-
23%
;
3%
3%
3%
3%
125
34
^
1,300
.
40%
26%
117%
u,
23'/
23%
45
35%
103%
80
40%
1
49%
49%
•114
>; 117%
44 y4
>.
4,000
*103
»
53%
53%
49%
48%
*114
18%
>
;
.
27%
27
53
*52%
:
48%
117%
18%
36
109%
109%
r
36
109
31% 5 32%
>282,900
45%
35
109
-13%
Jan
45%. Jan
'
-
•
7%
7%
-
27%.
2,800
45%
13%
40%
» 39%
90
45 V4
"■■til
104
*103
40f
27%
34%
35%
103%
102%
40
124%
51
7%
llO
*49
50%
35%
109%
'■
260
■
Jan
67
34
tiouthern
dc
v/Otoraao
Jan > 3
115
preferred—100
new—No par
conv
S
2
:
*•
•
—100
4%
non-cum 1st preferred—100
4% non-cum 2nd preferred—100
Commbia Br'd Sys lnc ci A
2.50
Claar B———.'——2.80
30
;
45
Lowest
50% Jan
Jan 23
105
-
Colo Fuel & Iron Corp
19,300.
35
'
:
35
36 !/a
34%
109%
3%
3%
46%
>36,>
46%
109%
23
23%
52 %
52%
109%
48
124%
34%
35%
35
14
> 117%
118%
123
124
46 %
13%
39%
8%.
"
33%
33%
>>> 45% >45%
46%
45%
*52%
49
3%
3%
3%
45 y4
27%
53%
23
24%
23 V2
45 %
45 %
13%
105
39
34%
12%
'
A'K'-!1.'
T
>
45
45 Vi
„
39%
•, •
27
*117%
118'/a
123%
35
,
2 900
19%
62
—.JVo par
Coca-Cola International Corp No par
i/Oigate-Falmohve-Peet
-No par
$3.50 preierred
A'o par
OoniiiB 6s Alkman
No pat
'
181% Jan
11
;
Year 1945
•
S per share
share
per
178% Jan
Class
-
-
11U
116
•
18%
35
*33%
12%
45
*103%
40
26%
*118%
34%
35
*33%
109%
105
*39%
•104
:
27%
*52'/a
36
|i*35%
2,200"
53
52
>
830
'
48%'
39
43
109%
109
39% >40
27
39
40
,
12%
109%
44
*33%
43%
19%
•
$
Par
—IVo par
(The)
i Coca-Cola Co
500
.
105
*114
116
•114
W19
12%
45%
44
44%
44
135%
45
>>• 44 $1
34
>»
53%
53
EXCHANGE
;
>'
48
105
39
*39
35%
35
34
34%
34
18%
40
*39
34%
.35%
34 >
*114
:
105%
53
116%
18%
51%
18%,
18%
40
•38%
40
>>
18%
17%
18%
>>18%
116
tiu
,■
*1185
48%
105%
48
48%
105%
52%
51%
52
> 47
*105
105%
105%
Range Since January 1
'Lowest
Highest
NEW YORK STOCK
.
Shares
share
>vl79";> 179
64
'■:.&> G3 %
63%
"
'
the Week
•
'1185
'1185
*1185 :'>■-./>>>
46
46%
,
116
*114
*114 > .116
'
.
46%
105%
,
51%
53%
53'/a
—
*46%
105%
I
%
t per
share
179
62%
64%
62
64
64
64%
64%
65%
65
179%
179%
180
180
180
180
S per
179
179%
•177
>:'
Sales for
,
Jan.25
Jan.24
share
S per
,
Frida*
Thursday
^:';^Jan.:38y;,^
1
S per share
.»Range for Previous
-STOCKS
HIGH BALE rKlUM
Wednesday
AND
Tuesday
Jan. 23
>>
$ per share
share
per
...
Jan.21
Jan.19
i
■
'/
RECORD
STOCK
YORK
NEW
Monday, January 28, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
476
Dec
;
'
44
*46
31
'
47%
-31
47%
55%
54%
;;
,
">
27%
26%
167'A
*114
116%
31%
.
26%
5
*54%
30%
»>-ii3 :> 113 •»;
113%
27%
27%
31 Vi.
32
31%
189
>;■>•■ 185 'A
186%
130
*128%
>>f-32»
31*A
>188%
i*128%
26%
115%
*114%
:>■■ >115-
•
164%
*114'A
31
31%
115%
32%
*128%
*114
185
115
*114
49
49%
55
55%
55%
28%
27 3A
28
27
27%
26% I 27%
^
9,900
30%
31%
27%
28
.
128%
115
115
■
187
186
115
>,->115
25
,
'jx&mm
Dec
10«%
Jan
24
105
Jan
109
Mar
50% Jan
14
17% Mar
50
Dec
55% Jan
17
47
56
Dec
29
,18'
Jan
10
28% Jan
> 97% Jan
21
:
15
Mar
Dec
Jan
167%
Dec
115
Oct
3\
169% Jan
15
1227/8
Jan
3V
116% Jan
17
110% Jan;
Jen
3
33% Jan
17
111% Jan
17
113% Jan
22
3
preferred—--/*./—100
1
25
Jan
No par
(E I) St Co
20
preferred
No par
Duquesne Light 6ft 1st pfd
100
30
Jan
183
International
4,400
Duplan Corp.
Du
P
Dec
113
! Dec
30% Dec
Jan
11
12
> Mar
25
20
V* Aug
155
Jan
193
Jan
11
132
Jan
8
114
115% Jan
Jan
14
Jan.
125%
Jan
Oct
113
.
>>'
238
66 %'
66%
•>,
57
57%
236
;>C
23
105%
33%
.
230
32%
"
199
*197
-
.
23%
109
*32%
199
199
22%
105
33%
33%
*237%
»
111 >
*63%
232
>199
.
>".
66%
57
57
G6
23%
23
109%
110
33
"
"33%
233%
199 »
57%
112
236
199
66%
66%
>:
1,000
Eastern Stainless Steel Corp
2,300
Eastman
237 JA
,196
197
--
57%
57%
109 y8
109%
169%
37%
36%
37%
>
> *111%
112%
*111%
112%
:>
>«-
,
68
67%
58
59
-57%
109 Ve
>
EasierL
34%
.
68%
36%
57%
109%
Eagle-Picher
.236
198
67
6,700
4,000
34
237
»
23%
114%
58
> 140
1,200
1,100
6ft
Airlines Ino-.
Jan
30% Jan
8
3
24% Jan 18
9
123% Jan
21
2
34% Jan
25
8
2421'2 Jan
-No par
222
Jan
preferred—„m„—100
191
Jan. 8
4
64
Kodak Co—
cum
20% Jan
105
'4-——J'
Buton Manufacturing Co
Edison Bros Stores Inc common
2
Jan
13
u Jan
39%
*111%
*111%
113
12
74
21%
35%
113
*111%
:>
113
>;
36
v
11%
12%
73%
109'A
36
36
36%
36%
21%
-
-
12
11%
.11%
11%
72%
72
73%
73%
74
19%
21%
20%
20%
21%
11%
12 Va
71 'A
12'A
74
74%
22%
,
>
:
> >>
■>>23 >
7% >; >,; 7 %
24%
■
•6%
F«-
footnotes
e%
see
6%
page
:>
483.
6%
6%
>>
6%
•
7
,
''
37
:
>
112%
12%
2,000
:,
12'A
>
%■>■>.
24»A >;
;> >23%
%:;,>■, :
37%
74%
*111%
r.>.
230
109 Va
109%
> 7
7%
>
preferred
5
4%ft
preferred
:
:
Elastic
4.300
Electric
Auto-Lite
17,500
Electric
100
Boat
>51,600
Elec
Stop Nut Co
A Mus Ind
1
(The)
—
Am
shares
9
.3
-i
192%
1
18 Va
Jan
Oct
Feb
f 329
1117
Mar
v
> '21%
>134
>
Dec
51% Jan >4
'
Dec
35% Nov
Dec
229
17
170
,
July
Jan
13
185 "
Jail
69% Jan
11
49
Jap
;>200
Jun
6611 Oct
Jail
:>
19a
2
:
Dec :
-
Jan
24
.*
11
109% Jan
24
104.
Sep
55
109%
Dec
108% Jan
Dec
-
.33% Jan
3
39% Jan
10
24
July
39 Ve
Dec
11.1% Jan
4
106
Aug
:Z 112
8% May
••>' 13
.100
Products Co
8,800
74
.
4V4ft
Ekco
i
->334%
Jan
59
21%
1
109 !A
*109%. 109%
;
•>i ■;
Co————Id
23%
.114%
.
>>
34%
*196
235
198
23%
116%
34%
33%
,"233
66
109%
23%
23%
111
>
33% Jun
38% Jan
>30%
128% Jan
de Nemours
$4.50
Apr
111%
>
Oct >?
100%
Jan
27"
;
29% Nov
Jan
Mar
65
'
24
23%
110%
29%
Jan
22 y4
'
2
29
conv
Dec
35
Jan
114
Industries
Nov
48
38
160
>3%ft
120
Jan
Aug
14
3
4
45% Nov
Jan
16 V2
Jan
3
>90% Jan
40%
14
No par
—50c
preferred series A_
DunhiU
200
Jan
33
24
101
Jan 21
25% Jan
15
Jan
Chemical Co common. .No par
4,200
.
115
-
$4
Dresser
300
129% 129%
128%
--8 •
Dome Mines
1,400
38%
37%
37%
34%
>186% 186%
130
13.500
28
28
——;
Dow
100
"
115%
*114
.
.
Class A—
Doehler-Jarrls Cdrp
Ltd———:—No par
Douglas Aircraft—-———No oor
'
*1J3»A 115%
--—No par
53% Jan
.46
Jan
48
34% Jan
17
1,000
116 VB
31%
105 % Jan
43
3
preferred———-100
Co common—No pat
5 ft
/
3
>87%
Dixie Cup
*
15
29% Jan
Jan
2.200
165%
30%
34%
730
95
94
165%
>>*114%
31%
186
>
6.200
95%
93'A
164% 165%
"
116%
109
1.200
49%
*114% 116%
93%
165
28 y2
32
♦105% 110
♦
3
43% Jan
partlc
6<»
6.200
40% Jan
Match——
Diamond
3,100
99
28
>
115%
184% 185
*128% 130
130
31%
54%
27%
28%
/
.
31%
108%
*48
28 y4,
.
*113%
113%
28
27%
92%
91%
165
114'A 114%
31
>
200
98 %
100
—No par
preferred/———23
Diamond T Motor Car Co
2
Distil Corp-Seagr's Ltd——No par
900
48%
*47%
32%
313/4
108%
:
54%
54%
•;>■:
f
'
48%
48%
> > 28
27%
28
91«A
116%
30 y4
55% >5
27 »A
164%
90%
*115
;•
47 %■;
>
99
108%
*105%
108%
27
.,
91 y2
>
31%
113
>113
27%- 28%
27%
26'A
>163% 163 Va
•
91%
91%
*163
"
54'A
26'A
55%
27%
>
46'A
48
100%
42
42
42
48
32%,
' 98
>
41%
48
*47
.
31%
97%
*105%
41%
41%
>
31%
95
46
46
41%
.47%
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|
95
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48%
■» 26%
>
41
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96
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32
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48
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11
Jan
3
6712 Jan
3
>•19%
111% Jan
4;
>;
12%
Jan
25
;
75
Jan
10
42%
Jan
14
Jan
•>.
Jan
21
—24% Jan
24
6% Jan
2
•:>v 7% Jan
24
.
>71
Dec
i
Dec
>
Dec '1
24%' Dec >
7%
Dec
Z%zZ,-z.z«Z STOCKS
/LOW AND HIGH 1ALK PRICES
Tuesday
;■■■■- Wednesday
MondaT
>•
Jan. 19
9 per share
9 per share
21%
20%
Jan. S3
■
j
PHdav
Thursday
Jan. 28
9 per share
Jan. SI
S per share
153%
150
154
20%
21%
151% 153"
142.
142
21%
152
,142
142
55%
55
55
52
52
51%
52
26%.
27%
26%
27%
24
24%
24 %
24 %
142
142
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108
82
108
80
55
109
.
r
'
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37
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108
106
108
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hi
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27%
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:
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63
106%
32%
65
65
74%
74%
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58%
37%
220
45 %
v107
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60,700
4 Equitable
22%
71,200
Erie
90%
900
,
-
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-
79%
76
46
46
,
34%
Z
19%
111%
51%
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49
50
28%
28%
%28%
29
.Federal-Mogul Corp/
16%
17%
.16%
17
62%
62%
63
Federated
*106 %
107
107
108
30%
31%
31
65 %
65%
65%
661/2
74%
75%
109%
59
60
V
1
1091/2
59%
59%
■'
4% ft
18
14%;
(The>
/
com
—
70%
No par
—-No par
wr,
Corp—7%
Corp
Corp
....
10
10
F'k'n Simon & Co Inc 7ft pfd—100
Freeport
Sulphur Co
Fruehauf Trailer CO New.
42%
/■
10
...—
12%. Dec
*90v-
19
18%
24%
*106%
*107%
109
18%
12%
•
-
33%
180
49%
55%
34%
34%
'174
51
34%
,
Dec
14%
Dec
185%
Dec
27%
25%
14%*
14%
Dec
15
Dec
,
38% Nov
•
Oct
145%
>86
Oct
IV-
172
May
49%
Sep
48% :;;
56
Nov
34%
178
48%"
x54
Dec
61%
V
*
13%
33%
55%
Dec
24%
109%
186
*174
48%
•
80% Dec
i
19%
40% ,41%.;
145' "145%.^,
178
54%
54%;
.
40%
145%
Dec
Dec
40% Nov
i
/
101
24%
14%
*
47%
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53%
25
14
*40
445%
176
47%
54%;
;
'
14%
S 58
Z
•180
Dec
86
14%,,v
13%
186?
24%
39%
176
48%
24%
146
13%
13
180 '
14%
13%
39%
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34%
ft
186
24
66%
65%
65% -65%
28% Dec
.
*107% 109%
67
67%
'
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i:
27%
18%
109
Z 29% Nov
83%.,;,
100
18%
18%
Dec
19% Nov
19%
49%
91
10%
>
61
47%
14%
Oct
60
■
prior preferred———25
Francisco Sugar Co
No onr
14%
40%
Nov
"II01/2 Mar
8ft
27
144
Dec
preferred—-—.—100
Foster-Wheeler
24%
25%
Apr
63%
25
Stove Co——/——.No
Florida Power
5 ft, conv
*82;
13%
Dec
# 34% Nov
Florsheitn Shoe class A———No par
Follansbee Steel Corp—
—10
>
142
40%
65%
Dec
59V4
preferred..——.100
$4 preferred
;
19%
/186
Nov
107%
-12%
13%
10% ; 10%
109
321/2
-No par
.First National Stores——No pat
Flintkote Co
33%
32%
a:
Deo
z
No par
4%ft
conv
preferred——100.
Ferro Enamel Corp——
1
Fidel Phen Fire Ins N Y—
10
Florence
.
Oct
42%
Dept Stores
Firestone Tire & Rubber.—
761/a
75%
•109
Dec
110 »/2
.
31%
109%
261%
,—5
«/
Federal Motor Truck
61%
51 Z/ 52%
-i~
99
*175
Dec
111%
75%
/
34
Nov
Corp_t
201/2
Food Fair Stores Inc————1
46%
>
Nov
36%
Food Machinery
99
40
65
20
111%
60
14%
No par
Federal Light &, Traction——15'
$6 preferred—par
Federal Min & Smelt Co——3
14
144;
A Co
Pajardo Sug Co of Pr Rico
Farnsworth Televis'n & Rad
26%
24%
Morse
Fairbanks
19
25%
13%
2.50
24%
85
65%
Corp
78 Z
/
*180
8
Buffat
k3
—
-
18%
19%
*106%'
5
Co
Corp
24%
10%
18-%
Products
100
Cleaner
25%
12%
9%
59%
Vacuum
par
-50
,
73%
*27 /'/ 27%'
;v
•.
42%
13%
RR Co
par
41 z
*130
53
/
& Pitts
—
35
44/Z45/;;'
v.:
142
25 %
pref series A
18% Z18%-
45
74%
12%
*80
No
78 /
'Z
27%
*24%
.No
40%
76
42"
5%
Bldg.
73%
17%
*42%.
41%
'
No par
Office
common
35
Z
50
13%'
80
41/
33%
RR
25%
30%
17%
14%Z':14%./'
142
-No par
18
50
45
*27
*
No par
.
$6 preferred
90
4%
2 Is/'a
36%
37%
115
115
18
*43%
Service
preferred———
.3%
35
16%
62
106
106%
30%
31
64%
64%
' ;z:/T4"-;-'.74%
*109
103%
•
58
58%
51
17%
PuDlic
107
25%
29
15%
115
*50
preferred-^/—.——.--...100
107
73
34%
z/60%
38
•114
*71%
*1107« 112
47
47
31
16%
61%
••
*23%
110%
52
69%
34%:
69
,
"
47%
*31%
4ft
Engineers
45 preferred
89
4
corp__—_ou
co11
Exchange
110%
106%
Mfg Co
Jontison
aiiuj
22,100
,
3
Uat>
pnonograph—5
220
Z
No par
Ex-Cell-O
25%
.
Natural
107
;
No pur
—
Emerson Electric
60
38%
v
37%
*105
Paso
No par
—
Battery
Emerson Radio &
Evans
z/Z33%'
/18% •/.;■.
17%
>
$7 preievred
Sb preieried
Electric Storage
Eureka
70
,18
•
:
1,500
52
90%
-
2,500
Erie
35
*25%
•
•
.
51%
52%
28
27%
24%
25
24"%
80
81%. I -81
HO
110
111
36% 37
<
--,36%
106
106 *
106
107
107
*105%
*106
107 ' ■
*105%
3%
3%
3%
22%' 22%
22%
/ -■ 91
91
/// 90%
164
154
55%
."
.v/,/?.
Electric Power & Light——No pat
76,900
161%
151%
55
-
.
STOCK
YORK
Shares
9
69
•
55%
25%
27%
'34%
■
-
90%
so
144
share
23%
'
60
•8'/a
'
106 ?
*106% 107
107
107
3%
3%
20%
21%
155%
•
J per
share
24%
161%
151
''
56'/4
52%
28%
25%.
81%
111
38/
106
107
107
3%
22%
51%
27%
51%
52
26%
27%
24%
24%
77 %
77V5t'
*108
110 <
35% 36106
'
55 %
55
55
23%
NEW
?•?/////?•/; EXCHANGE
21%
•591/2
31
.
* 9 per
the Week
98
21%
,
107
3%
3%
20%
-
107
'107
107
: 3%
'
109
106%
106
*105%
33%
108
21%
23%
154% 154%
143% 143%
Sales for
Jan.25
Jan. 21
%
'
22
RECORD
YORK STOCK
NEW
; 8»tnrdav
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4459.
Volume 163
'""55::.;.;
'48%
.
'49
48%
.
49%
131
*131%
127/;
131
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22%
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21%
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44
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22
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9%
9%
33
33
34
35
' '
126%
126%
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42%
111
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44
43%
113% 113%
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105
*104%
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104%
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44
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44
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39
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.
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73%
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1Q4
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66%
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61
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■
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,
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32%
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61'/a
103%
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68 %
68%
111%
111%
33 %
32%
109
19%
.61%.
33%
39
15%
11%
Jan
,57
^
3% Jan
53
48
105 % Mar
July
Nov
39
Dec
'
■■■■■■'.
12%. Aug
5% Jan
Jan
.7%
Jan
33%
Dec
14'/a
Jan
21"%
Dec
25%
Sep
33%
Dec
Sep
109'/a
105
28%
21 %
Dec
65%
Nov
Jan
,>39%
Nov
Jan
Z
85%
22%
Jan
33%
?; 34Vo
175 ZMay,
161% Mar
64
Nov
Jan
Aug
14%
46
52 %
34%
Nov
4%
18%
72 Va
114
Oct
115
12y2 Mar
174%
♦110
63%
>
107% May
174'/a
114
74% > Oct
•
Apr
>
Nov
40
July
102;
May
7% Oct
165%. Jan
147% July
25% Feb
Z 70%
85%
Dec
Oct
39
Jan
85 m.
33
104%
Sep
25%
71%
71%
*109%
113
*103%
96
52 %
34
174%
*173
i
Z 85
33%
33
*109
24%
19
33%
.
71%
85
85
24%
59
174 V2
75%
38%,
18%
60%
58%
/ 74%
.15
11V4
*31 Va
32%
109
*108
>39%
15%
11%
32%
7%
38%
39%
11%
23%
32
109
18%/ 18%
76
7%
*148%. 151
,
39
.
'
33
23%
32%
*108
>
44
56% /56%
.15.
37%
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23%
23
32%
174%
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33
38%
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11%
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,109
19%
61%
67%
112
*111
.
.
103%> 103%:
69,,
iu ; 111
104
104
H 66%
13%
33
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75%
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/
24%
33
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56%
7%
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56%
7
"148% >151
Z111% 111%
33
.
23%
■
6%
150
12%
33
*56
37%
13%. 143%
11%
6%
105 %
43%
44%
43%
43%
105%
105
.105
'
,
Dec
:86
,
X35
t
Dec
108% Mar
10414 Jan
28%
Oct
75
Jan
55%
Dec
<12%
Dec
100
Dec
Jan
'
48%
11%
;'ll%
103
27%
103
'27
:
'"47//. 47%'
11%
11%
50%
I- •
For
.75
61
61%
footnotes
see
page
483.
49%
12 Va
12%
102
102%
5% Mar
82
Oct
14% Mar
•
i
30 %
Jun
27%
27'/«
7/
61%
102 Va
100
49%
/
58. V
Jan
82
Jun
7R
49Va
Jan
61%
Dec
/
62%
THE COMMERCIAL & FINANCIAL CHRONICLE
478
NEW YORK STOCK
AND
LOW
6»turd&»
.
Jan. 21
:
Tuesday
Jan. 23
STOOTvS
Wednesday
Jan. 22
Monday
Jan, 1#
;
RECORD
8ALK PRICES
HIGH
Thursday
Friday
Sales for
Jan. 24
Jan. 25
Range for Previous
.
NEW YORK STOCK
'
/
Monday, January 28,
the Week
Year 1945
Range Since January 1
EXCnaNut
:
Highest
Lowest
Highest
Lowest
•
"I per share
I per share
9 per share
9 per share
9 per share
I per si-are
Shares
I per
Par
$ per share
share
9 per share
9 per share
H
*35 >
38%
34
■
*35
34
,25 V*
,
"H6V4 116 %
*1051/2
*105%
26%
26%
*155
44%
15 Va
/■
15 va
16
15%
15%,
13%
14%
13%
14
136 y2
1361%
33 %
34
*105
86 Yz
86 Va
108
*84 VB
15%
117
108
10
27
3,500
27
16%
108%
106%
43
43%
43%
15%
15%
15%
14%
15
15
15%:
136
136
105%
138
88
34
105
4,900
88
•
•;
150
**184
191
*184'
36
36
36%
36%
116
116
118
119%
119%
*130
191
133
*130
133%
90%
*130
14D
*142
*184
V
•184
191
*85%
191
88
*184
Hazel-Atlas
100
191
'
36 Yz
37
35
115
115%
113%
*133
135%
133
*35%
35%
113%;
133
*88
90
*88
14114, 142
*88%
146%
--
89%
90%
l4*V4
90
143%
14D Va
1*3%
"•
29%
30
29
29%
36 Va
36%
35%
35%
*33%
35
33%
33%
33%
*59
61
58%
58%
56 %
*25*".
26%
25
25
25
;
36%
125
:
*130
"
90
1,700
2,200
129
133%
*88
143
/ 143
.29
*29
29%
29%
30
*35%
37
35
35
*32%
Hercules
5%
preferred
..-100
UtisilGy V/UuOUiattA1, yu.
100
160
29
•/
•
31 Va
■31%
31%
32
34
*32%
34%
57
58
60
60%
25%
-
26
26
25
26
32
51
52
52%
53%
24%
25%
24%
-25%;
61%'
*61%
63
*108
61%
32%
32%
31%
V 109
/■: 87
52%
'
11%
10%
.
32
32
32
53%
53
53%
53
53%
26%
25%
26
*61
109
108%
53
52%
53
52%
li
11%
11%
12
•;ii%
12%
24
24%
38
32
38%
32%
9
.9%
10%
V
;
11%
22%
23
37%
38
37
37%
30%
31%
31%
32:
8%
8%
8%
39%
81
.
*96
-
*37
!
38%
■
V
25%
.
23%:
24%
*?*%
25
37%
38
37%
38
31%
■
32%
32%
32%
8%
t39
80
*96
23 ft •23%
■
V *87%
90
-
26%
9
8%
40%
40%
9
40%
9%
x40
:
l
,40%
90
•27%
53
40
,
50
40%
43
42 Va
42
42%
17,100
81
*80%
82
gl 80%
80%
600
98
98
98
*97
98
96%
;
97
36%
•36%
37
37
37%
37%
37%
37%
37
37
30%
30%
30%
30%
30%
31%
31%
31%
31%
31 %
.21%
22
78%
21%
21%
21%
21%
20%
21%
'5,200
80
81
81Y*
83
82
64 Va
106 %
107
♦106 ¥4
107
140
142
21%
75
76
♦106%
107
*136
107
137-/■ 137
21%
139
*
*167%
107%
18% ; 19%
*10%
:
108;
10
16%
16%
15%
'
250
96
250
/
95
193% 194
11%
31%.
32%
30%
31
98%
97
9%
10
*141
97
120
146
•45
'
-44
♦141
43
44
120%
22 %
118%
108
108
56%
48 V2
22%
57%
180
*177
y
28%
29%
28
29
29
28%
28%
40%
27%
44
*44V4
*155
12%
32%
.*95%
97
145
22
49
145
*56%
143%
/ 141%
*113
114
*150
*56
160
.45%
104
104
137%
127%
108
59
/
59
29
180
28%
29
29%
29%
If SS
27%,
1,200
; 48%
49%
>177 ■; 200
1,300
60%
19
21 ¥2
Aug
Jan
15
25
Jan
23 ¥4
Jan
32 ¥2
41%
Jan
63'A Nov
16
17
Jan
26% NoV
35
7
17 ¥a
Jan
11
42
Jan
17
62
Jan-
14
16% Jan
55% Oct
63
32% Jan
19
25
Aug
29% Dec
25
102
Sep
111
v
Jan
87% NOV
347/3 jan
54
3
7
54% Jan
16
25
2
17
Jan
2
12% Jan
Jan
7
Jan
Jan
4
3
3
Jan
25
38% Jan
18
34 ¥a Jan
9.
Jan
15
'■' .'
Jan
21
•
10
22% Jan
18
4
84 ¥2 Jan
25
Jan
18
103
144% Jan
14
104% Jan
166
Feb
140
Jan
105
Jan
.
7
Jan
19
107
9?
110¥2 Jan 15
109 ¥2
Sep
82
3
2
20 Va Jan
24
11 ¥4 Jan
16
8% Jan
109 ¥2 Jan
54% Jan
Jan
12
14
Mar
Dec
174 •> /Jun
11% Mar
7
19 ¥4
Dec
Dec
10 ¥4 Dec
57
37% Jan
Nov
Jhn
109 ¥2
Oct
6% Mar
11-
32¥a
Dec
147/a
Dec
1C4V4
25
8% Mar
17% Jan
24
250
Jan
16
173 ¥2
Jan
3
100
Jan
14
100%
190% Jan
5
195
Jan
16
74% Mar
178 ¥2 Jan
2% Jan
I33/4
Nov
Jan
34 3A
Dec
99
Nov
13% Jan
92
10% Jan
3
3
12% Jan 10
11
7
9
1391/4 Jan
3
2
42% Jan 22
15
100
Jan
12
21% Jan
3
116
—No par
106% Jan
par
21
55% Jan
—100
2
43% Jan
3
Jan
3
175
Jan
17
Dec
123
24
Dec
91/2 Mar
Jan
25
79
Mar
116
Dec
60¥2 Jan
25
57
Dec
49 ¥4 Jan
25
41% July
39
Feb
Jan
15
112
204
141
48%
45%
Dec
Dec
Dec
Dec
Jan
175
Dec
137% Apr
18% Jan
151
Nov
92
30% Jan
9
33
Dec
Jan
15
18%
Jan
33 Va
Dec
46 ¥4 Jan
15
41%
16
17% Jan
19 ¥2 Jan
Jan
18
36
Jan
17
145
24% Jan
17
200
Intertype Corp
No par
26 ¥4 Jan
5
29
Jan
31
Jan
3
148 " Jan
3
155
<70% Jon
3
46 ¥4 Jan
3
'
45
41
Dec
15
122
28%
•
Dec
22
2
3
—-1
Dec
Jan
28 ¥2
12
Jan
21
11 ¥3
39 ¥2
Nov
24 ¥4 Jan
Jan
48 ¥a Jan
144
39
Jan
.193
Jan
129
Feb
19% Jan
84% Jan
28
28% Jan 21
250
Jan
75% Jan
5¥a Jan
40% Jan 16
100
»8preferred———1
Jan
Jan
11
Island Creek Coal
Dec
32% Jan
No par
No par
800
69
37% Jan
236% Jan ; 4
International Shoe————No par
Sliver
50
*155
Dec
391/2
2
No par
*155
Jun
34 ¥2
8
22
Foreign share ctfs—
44
38
19% Jan
1: Jan
Interstate Dept Stores..
44
Dec
72 ¥4
3,100
44%
92
23
2,500
44 Va
Dec
Dec
Jan
18% Jan
Jan
43%
44%
Dec
44
84
471/2
30
44%
40 Va
jan
19% Jan
14
42%
*27
Dec
May
9% Dec
29 ¥a Jan
15
Jan
29%
29
34
36 ¥2
98
-
International
65,900
23V4 J«n
14% Jan
3% Jan
45% Jan
44%
30%
Dec
Dec
Dec
Jan
26% Aug
40 ¥2 Jan 23
29
28%
8 ¥4
Jan
85/.
98 ¥2 Jan
preferred
Intern'l Telep & Teleg
23Vs
10
Jan
July
66% Jan
12% Jan
36% Jan
7%
109 ¥1
Dec
NOV
23
-
180
25 lA
22
27% Jan
96% Jan 25
5
9% Jan
-No
NOV
60% Jun
Jan
88
50% Jan 21
9
107% Jan
4
9% Jan
par
—No par
—.——100
International Salt
Dec
9
11
33 ¥2 Jan
;
33% NOV
34% Jan
61 ¥2 Jan
29%
♦27%
22%
47
23
,
*109ya
143
143
142
146
57
*56
*113
114
160
*150
160
-45%
49%
.
102% 103
147
*141
*141
23%
11.100
49%
1,100
110%
1,900
145
•
100
56
57%
114
57%
*113
-
*55%
114
*113
*150
47
3% %
'
47%,,;
29%
30%
30%
31
30%
31
31
33
29
31
30%
32
32%
32%
32
31 y4
46%
Johnson
114
1
Dec
30%
Oct
46
Dec
152
Aug
Jan
36,000
*103% ■104%
800
141
' 141.
30%
30%
32%
3,400
•
1,300
2,900
31%
■'
110% Jan 24
&
19 ¥2
34%
49% Jan 24
112
Jan
*
Oct
22%
141.
Jan
2
151% Jan 16
101
136
Jan
2
141 ¥2 Jan
16
55
Jan
3
58% Jan
14
31
114
109
145
Sep
100
Jan
2
114
Jan
3
49
Jan
18
100% Jan
8
104
iian 14
126
Jan
3
145
Jan
257/e Jan
2
140
Dec
Mar
105
139
HI.
90
Chicago RR stamped—100
•8% pref series 5 Conv—-—J.00
.Joy- Mfg -Co—,,
/"•• ,'•-• v ...li—1
116
Dec
Nov
Dec
Jail
27¥« Jan
2
407s Jan
Jan
;
Nov
137 ¥2
Jan
Jones & Laughlin Steel
No par
6% vpref series A
.-.—...100
NOV
314% May
118 ¥4 Aug
Johnsori—12 Va
Dec
47
Nov
Jan
109% Aug
4
-100
preferred
4% 2nd preferred ser A—
Joliet '&
47%
.
*103% 104
*142 ' 143%
30
200
*150
47%
47%
56
par
4%% ; preferred-/-.100 ^
Johns Manvllle Corp
No par
50
,
146
Jewel Tea Co
•
103%. 103%
140% 141%
138
49
110%
.145
142% 145%
143
*150
.
22%
/
110% 110%
142
:
*113
47/
138
23%
48%
110%
*141
*56
2?%
48%
22%
*48
*141
; : 137% 137%
*144
Jan
37
29
28%
141%
.
,680
60%
60%.
32
30
10% Jan
25
Chem
Paper Co
5% conv preferred
Inter Rys of Cent Am.
5% preferred-
5,700
112
138
30 % Jan 21
Preferred
3,100
23
110%
110
28%
*109% 111
•46%
121
22%
90
Feb
17% Jan
—No par
International
22,200
i2o%
Feb
Int Nickel of Canada—
370
45%
Feb
72
Jan
102 '
loo
&
July
Nov
Dec
Dec
338
130
Jan
137
No par
No par
Sys class A
Mln
189
123
4% preferred——..—...100
International Mining Corp.
1
8,000
25,800
144
12
115% Dec
90¥a jan 23
5
International
700
10%
Jan
Aug
39% Dec
Jan
82
'
21%
-47
146
95%
.40
136
Apr
Jan
170
146 ¥2 Jan 21
28%
.44
*155
22
15,100
4,900
24
44;
29%
44
103%
;
22%
49
'
30
120%
22V*
44%
200
114
44%
*103
120%
49
*150
■
144
45%
*144""' 180
*113
47%
144
*177
58%
,
58%
39%
44"%
108
*57%
.9%
40
144
,
22%
108
95%
10%
,No
Machines
Int Hydro-Elec
9
Jan
71 ¥2
22% Jan
15
125
103% Dec
921/4 NOV
Jan
106
International Harvester—^
No par
'■/. Preferred.
'^..—..^.—^....^.100;,.
'
:
121
; 119
97
10
•39%
44%
43%
57%
28%
28%
*109% 111
145
*141
21%
*95%
10%
39%
Corp—
Interlake Iron—/
500
11%
par
-1
preferred
Int Business
500
192%
31%
*49
49%
♦181% 200
*47%' •48%
:
192%
12%'
143% 144.
•
5,400
32%
10%
4Vz%
Jan
38% Jan
—..100
Intercont'l Rubber
45,600
mm
94%
«9
*144
28%
245
32
175
*155%-
,22%
23%
;,47%
47%
111
111
94
192%
"
200
44%
28%
45 >>
/ 191
95 %
31%
38%
100
8,800
11%
42%; j
*43% ,44%
*27 %
245"
Interchemical
1,100
22
W ilYe/nV/e
242
94%
*177
,
180
"
l§77i
Jan' 2
90
184
35
20% Jan
Oct
100 ¥4
27
65 ¥2 Jan
par
Insuranshar?« Ctfs Iuci
'
95%
*144
200
,*144 »
107%
¥11%
17%
'T 242
100
1
Nov
Dec
134 ¥2
108 VMat
24
Jan
35
20% Jan 25
No par
..—.No
139 ¥2 Jan
105% Jan 22
Dec
14
Mar
6
Dec
Dec
104¥2
16%
56
92
'Inland Steel > Co—par
Inspiration Cons Copper
20
14,400
H%
12%
22%
108
57%
48%
'r"l7%
17%
242
20%
v
51% \ 52
,
11
liioo
11%
122
108
48% y
48%
203
*144
110 %
56%
49
*192
52%
*192%. 193%
.44%
120 V2
22 Va
106%
56%
42%
19% ;
*11
107.3/4
17
144
119%
29
23%
144
1034
"
11%
30%
97%
10%
38%
1°
20%
*51%
94
38%
19%
Sgi; io%
;io7%
242
*96
9%
38%
147
;
*167%
109
' 109
109%
.
52 %
,51%
95
11%
»
9%
11%;
108
—
Ingersoll-Rand.
6% 'preferred—^
—
"
15% Jan 15
Nov
14
Jan
98
Oct
9% Jan
35% Jan
30% Jan
100
$4.50 preferred A
1,100
7%
-•
32
.
No par
Industria Electrica De Mex, S A
Industrial Rayon—
No
24
14
Jan
80
1000
Indianapolis Power & Lt
3,«u0
143
*140
P
.107% 107%
10
10%
io
16%
243
30%
38%
39%
,
192% 192%
V
11%
39%
19%
94
12%
98
19%
*10%
243
.
,11%.
,
.10,
250
95
.
96
194
109%
51
16%
194
*108%
330
*106% 107
143
*167%
19 ya
51
•
10%
*245
*167%
,108
10*4"
143
n%
108
10%
.
'
108
.
50%
.
__'4
18%
11%
50%
I
109%
138%
107
18%
-
*10%
,
50% ; 51%
*108
107
18%
;
if 11%
137
*167%
; 106%
108%
*
*106% 107
167 %
100
Leased lines 4%
RR See ctfs series A
2.500
74
Co
16
16% Jan
Dec
Apr
43 ¥4 Dec
29 ya
155
27
38% Jan 21
3
40% Jan
20
Central RR
Apr
16% Jan
2
8 % Jan
1
preferred series A—..—..100<
160
38
30%
22%
*106%
.
Illinois
x30
Dec
Jan
4r»% J^n 14
Jan
IIOV4
Oct
lOHVa Jan
Jan? 3
8%
19 ¥2
33%
29 %
—100
Idaho Power Co
1,300
42
74 %
preferred.
Ltd
152
19% Jan
St Manhattah-j.—^——loo
non-cum
Hupp Motor Car Corp
74
:
5Yc
25,300
81
155
51
,5
No par
21%
'
Hudson
Co
Hudson Motor Car
30%
'•"
Howe Sound
18,000
*96%
98%
100
Houston Light & Power Co.—No par
Houston Oil of Texas v t c.
25
No par
42%
43%
preferred
par ■
Hud Bay Min & Sm
82
41
•
3%%
par
—50
No
com
105
9
Jan 17
51 % Jan 21
.21% Jan
2
60
Jan
4
27 Va Jan
3
106% Jan .3
84% Jan 7
.12.50
Houdaille-Hershey com —No
103 ¥2 Aug
17
Jun
43% Nov
27% Bec
121
Dec
24% Jan
2
30
Jan 15
-No par
Household Finance
Jan
•28% Jan
32% Jan
2
56% Jan 22
10
Jan
15 ¥4
39
Jan
20 ¥2
106 ¥2 Jan
2
Jan
32y8 Jan
..8
;
:'fyS2.25 preferred
1,600
7,800
■,
(Del)
Holly Sugar Corp_
1,000
37,400
1,300
19,400
*79
42
80
98%
%/
39
40 %
/
i
52%
52%
// Z>2*>i
10%
J
26%
*87%
27
1
Homestake Mining^^;.„..^
2,700
111
88
27%
24
43%
111
.
100
31%
26%
32
81
109
62
88
38%
39%
*61
vz; 31%
31%
109
86
38%
42%
109
:
62
31
-2,200
27%
24
8%
32
31%
32
Furnace
135
10
Hollander & Sons <A)
9,000
62 va
Holland
.6,100
26
S«
31%
8%
900
25%
87
23% / 24%/
*52
52%
52%
10%
108%
Zi
.1,500
26%
32%
109
86%
24%
60%
25%
25%
'
>
63*
32
,,*108
87
23%
S
>
Hlnde & Dauch Paper Co
-Hires Co (C E) The—
200
"•*bi'%
53%
25%
*61%
32
32
34%
;eo%
25%
400
,
,53%
32
521/4
1
¥
35%
*32%
60%
.33%
24%
Vv
*34%
No
par
5
84 conv preferredHewitt Rubber Corp
2,000
33
17
8
117% Jan 17
2
Jan
23
39
26 ¥2 Jan
;32% Jan; 22
103% Jan 4
86% Jan 19
184
Jan 15
35
Jan 21
113Vz Jan 21
133
Jan 21
86
Jan 5
"
'fmsjjmjjf:
*35
121
No par
No par
Motors
Hercules Powder_>.
10
91
145%
28%
.
36%
*125
133%
*87%
37
28%
36%:
.
-25
Glass- Co—
-HechtiCo.■
■I^,3%% preferred-:^.^-..—.—100
Helme (Q W)25
7% non-cum preferred
100
•
180
Jan
35¥2 Jan
23
jan
.
1,300
.
W; 191
:
18,600
105
39
32
Jan
2
25
Jan 21
'.115% Jan 12
par
105ya Jan 16
25Va Jan 4
6% preferred
^.*.^^.^^.100 '
155
Jan 17
Hart, Schaffner &> Marx.—: 39% ,«an 4
/Hat Corp of Amer class A
>1
12% Jan 4
4'/a % preferred (modified)
lpO
103
Jan
9
Hayes Indimtriea Tne / :
1
14% Jan 3
Hayes Mfg
12 y4 Jan
3
2,300
140
•
Printing
4% conv, preferred
;
100
Hanna (M A) Co $4.25 ptd—No par
Harbison-Walk Refrac...M«.No par
2,700
14%;
/' 138%; 138%
34%
34%
105
*55%
,
.44
14%
139%
34
105
105%
*84%
88,
:
33
38
32%
80
15%
15%
106
10615%
15%
,
15%
,
105%
*84
88
15%
137
:
32%
105%
33%
*105%
43%
14%
136
136%
,
:
106%
*184
136
•
13%
■;
15%
Hall
WatHr:
.Hamilton Watch tin.
*152
15%.
„
500
*115
*155
•Kaekensack
1,600
■
*106%
„
27%
43%
.
15%
100
33%
25%
25%
108
>104% 106%
42%
106%
15%
117,
•
27%
39
*33.
25%
*106 %
*155,
15%
I
*114
27%
26%
*36%
:■
.
34 %:
106% 106%
,
*164%
t
39
25%
117
*114
27
42%
42%
14%
14%
105 > 105%
105%
*33
25%
107%
*155
f42%
15%
*104
33%
25%
:•
117
*114
107%
*36
.33%
25%
115%
& 26
39
39
33%
25%
25
*105%
,27%
*155 ■■■'■■
/•:. 43 '•/
it 33%
33%
25
38%
*35
.
,,115%
107%
27
33%
•
.
25%
38%.
79
18
91 ¥4
Jan
31% Jan 10
19%
46% NOV
Dec
Jan
NOV
30 ¥4 May
K
•
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48
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J^urn——..10
Kan City P &
No par
No par
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Kaufmann Dept Stores-..^-..—!
Kayser (Julius) & Co.
8
Kelsey Hayes Whl 'Conv cl A——1
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L pf ser B
City Southern
29
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31%
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20
117
124
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10
122 ¥2 Jan
3
27 ¥a Jan
3
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9
13 Z:
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Jan
23
65
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34
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3
38
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;
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Dec
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38
.
Dec
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24
23%
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y 54%
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34 ¥4 Jan
9
22%
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27% Jan
5
30
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9
18 ¥4
Jan
31
Jan
3
35¥4
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48 ¥2 Jan
5
52
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Mar
31 ¥4
Kerinecott Copper
48
55 ¥4 Jail
24
Jan
51
Dec
Keystone Steel &?Wire Co
Kimberly-Clark Corp
3
Y 35 ¥2 Jan
17
22% Mar
35
Nov
65¥2 Jan 25
68% Jan
14
Jan 16
38% Jan
67
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19
Nov
No par
No par
No par
Kinney (G R) Co
1
'$5 prior preferred——...No par
Koppers Co Inc.—
..—.—.10
;
4% % preferred—.———100
Kresge (S S) Co—
10
Kresge Dept Stores—.—
-1
Kress (S H) & Co
—.No par
Kroger Grocery & Bak
No par
16% Jan
3
88 ¥2 Jan
16
38
Jan
8
108
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19
18
<
15
28
Aug
f. 40 ¥4
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Dec
8
107
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112
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26
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37% Jan 24
7
16
8
18
Jan
3
48
44 ¥2 Jan
3
49
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8% Jan
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42
33% Jan
Jan
■:
110% Jan
92%'Jan 11
96 ¥2
72 ¥2 May
'
35%
Nov
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-
10
17%
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11
35% July
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For footnotes see
page 483:
C
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81
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Lambert Co (The)
JYo par
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4% % Preferred ———--.--50
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24
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2
43 ¥4 Jan
7
59
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14
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4
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23
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preferred —1.——i——100.
McQuay-Norris Mfg.
Co^.1———10
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AS preferred series A.^—JNo par
Z$5.5ft :pfd !-«elr'T& WiM+±J±--N0iPW
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27%
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27
27%
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81
81
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86
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38
38
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40
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Mengel Co (The)
1
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/ 107
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31
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300
,
Mullins Mfg Co class B—
'■
Nov
Jan
190
Dec
166
11
Jan
23 Va
Nov
31
Jan
52
18
Jan
68
Mar
Dec
;
'
20
131/4, Aug
A Dec
52
114
112
112
10
1
119
16%
Feb
16%
26'A Jan
10% Jan
Jan
&
Jan
8
—1
1
Munsingwear Inc————No par
Murphy Co (G C)
No par
4%^ preferrecL
100
Murray Corp of America
—IP
preferred
-50
.MyejuttF E) Ai &omT,TJr.mmJNo par
•
39%. Dec
Dec
Dec
18%
Jan
Sep
Jan
v.
46%
97/a Mar
•
24%
Jun
63%
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21%
1
Mar
27%
Jan
40
10
■
"
Jan 22
Jan 4
Jan 7
15
16
1041/2
Jan, 15
8%
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;
110
11
36
Jan
23
55 i Oct
•114/' Sep
Jan
Aug
.110
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'
15
301/4
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19%
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Dec
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524
32%
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Jan
23
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•'/v.!
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>
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t*
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69/
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46
Jan, 17
■;
/
Jan
72% Jan
22
Jan
7
3
3
54'A Jatt 7
53 Jan 23
291/2 Jan
4
Jan
3
Jan 25
Jan, 3
Jan 8
38% Jan 3
142 /. Jan 10
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18% Jan 3
50 Jan 3
44
17
106
61
3
109%
Jan 18 .
Dec
41% Dec
Jan
17
17%
Jan
15
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98% Jan
Dec
Dec
30%
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25
Dec
109%
Oct
Oct A
108%
35
29
Jan
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47%
29 Va
Nov
87
54%- Jan
87%
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51
94
.
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Jan 16
V; Jan 16
40
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9
60Vis Jan
111
111
1061/2 May
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v
Jun
/
/
14% NOV
Jan
Dec
36
25,% Aug
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•45% May:
56
Dec
331/8 Mar
37
Jan
9
Jan IT:
Dec
63%
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9
35
1611/2 Jan
12
137
Jan
160
82% Jan 11.
>
53
Mar
75
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56% Jan 15
13
Aug
.261/4
42'A Mar
58%
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116
Jan 16
109
Jan
14
108
Oct
,112
114
Ocf
Dec
Oct
Dec
Mar
'
108'A Aug
112 "
7Va Mar
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Mar
115%
May
1124
*
13%
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49% Jan 16
151/2 Jan 23
Dec
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109%
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2
22 »/4
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37
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24
52
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15
36
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26
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■25%
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36
22
79%
Jan
117
Dec
Jun
51% Jan
38
131
Jan
Sep
119
Apr
14
July
106% July
113
Jun
16
47% Jan
76
Dec
Deo
24%
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Deo
61
Deo
Mar
54
Dec
116
Jan
8
115
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15
110
Jan
79 7A Jan
113
21
28% Jan 14
53%
17
58
J an
56
Jan 15
41
21%
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19% Jan 14
Jan
18%
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1091/4 NOV
Jan
*. 43
"Dec
x82JA
Feb
150
Dec
109V4
4
2
21% Jan
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Jun
115
22
15
1141/4 Jan
47%
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107/ Jan 12
150% Jan
Oct
Jan
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15
48 Va Jan
32%
31%
341/4 Jan 16
Jan
33% Dec
Jan
32% Jan 16
49
Dec
116
111
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13
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14
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Nov
52
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/>/-;;
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r
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:
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50
50
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34
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29%; 29%.
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For
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27
31%; 32
33.
19
footnotes
32%,
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201
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?
25 " 257/a.
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page
201|29%
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see
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.
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36 VA
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19
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27
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32
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.
v
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50
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51
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33,
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v
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■// 400
iay8„
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Louis--—100^
National Acme Co
—1
National Airlines
—11
Nat Automotive Fibres Ino
1;
National Aviation Corp
5
National Battery Co
——4
National Biscuit Co
——10:
7% preferred
100
Nat Bond & Share Corp
No, par
National Can Corp—,
i—10 Nashville
,3
Jan
2
521% Jan
16
32% Jan
3
38 /
Jan
15
29% Jan
22
34% Jan
47
Chatt & St.
.
.16% Jan
,25
3
Jan 21
29% Jan
31
Jan
193
Jan
28-Jan
.17% Jan
15
4
15%. Jan
25% Jan 15
22% Jan
Nash-Kelvlnator Corp——
■
Nov
Jan
107% Jan 19
:
3
70%
1091/4
119
Jan
107JA Jan 23
Dec
27
24
Jan
Nov
Jan
29% Jan
15% Jan: 17
3
■
13%
37
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Jan
3
25
119
3
3
Jan 4
Jan 22
Ja.n 14
■
"
;*3 Apr
104 z Sep
30% Jan
„•■
43
36
24
106% Jan
Dec
16%
Jan
27% Jan
19% Jan
59% Jan 25
Dec
53%
109Va Nov
Sep 1
40%
10
Jan
Dec
May
195
;
341/2 July
Jan
" Nov
33%
Jan
1761/2
Ja^ 8
10
114
48
22% Aug
Jan
16
Oct
111
Dec
110
Jan 21
Dec
42%
Jan
/
109
59
Jan 12
Apr
181/4
15
Jan
7%
11%
15%
43% Jan. 24
33
Jan
7% Mar
25% Jan' 24
195
Deo
Jan
11
62% Jan
Oct
Nov
Jan
3%
20% Jan 23
7
2
3
3
Dec
15%
32%
-
43% Jan. 18
Jan
Jan
Jan
Jan
25%
525
Jun
7% May/
14
7% Jan' 24
■■
Dec
Nov
24
14
44% Jan, 15
;
/
/
.
Dec
Nov
34
„
Mar
'
17
Janr25
May
110%
Jan
24
■
52
31V* Jen
109% Jan/10
30% Jan 21
14% Jan 21
$7 preferred—---^,1—.——No par
72
106%
Jan
Dec
155
47% Jan
10
45% Jan
46
Jan 14
11% Jan . 3
No par
39
Jan
147
11
Jan
Jan
28%
22
Jan
425
531/2 Jan 22
.1561% jan 24
70
Jan 2
21Va Jan 3
Mach Tool
Mueller Brass Co
/
500
160
Vio% iio%
20.
V«
50,
Oct
Dec
X32%
r
Motot; Wheel > Corp^-——.29
4,800
66%. Oct
32%
Jan
18
27% Jan 18
Jan 4
Jan 10
32'A Jan
No par
$4 preferred series G—„..No/ par
Montgomery Ward & Co
No par
Moore-McCormack Lines Inc.No par
> $2.50. cum pfd
——————--50
Morrelt (John) & Co.—:
No par
Motor Products Corp.
No par
2,400
18%
106.% 106%
20%
s
51
51%,
6a
20,
45
18%
45%
44%i 45
*44%
45
17% : 17%
•106% 107
18%
155
*63,
/
2,600
4,500
-
37%. Dec
Feb
37-
7
5 no
*53%
'
Jan
15V2
109% Jan'12
Jan 25
12,500
6,200
.
c
24
75% Jan
113
61
*52
•110% 112
18%
19%.
50%
50%
A,; 62
60
60
44
153
*110% 112
19% : 20%
28
77%
79%
781%
79%
27
27%
:
51
Jan 21
Jan 18
Jan 2
Jan 3
/ 109
110
42% Dec
Jan
25 Va Aug
'50
Jan
187/a
42% Jan
2
8
10
;
19%
14
401/2
157
Jan
Jan
110
Dec
Nov
40
74
69
116
116
113
291/4 Jan
32% Jan' 17
2
113
23
30% Jan, 14
32% Jan
*109
'
36%, Dec
Jan
195
No par
Monsapto Chemical Co—
10
$4.50 preferred ser A—No par
Preferred series B
-No par
40
Jan
31% Jan
Monarch
116
19%
87% Jan 21
2
*115
116
Jan
14
3IV2 Jan
Jan
Jan
Jan
Jan
29% Jan
2,900
Dec
60
67% Jan- 24
483/4 Jan
131
84%
Jan
l}Jj Jan 14
42% Jan
131
130
*58
107
44
45
*147
77%
*58
77%
26
•
60
*145
.107 A 107
77%
25%
' 39%
.
56%
31%
.
31%
31%
/'
*50
33
v
78
25Ve
61
?
37
Dec
Jan
41%
45'A Jan
preferred series A———.100
Carpet Mills
—20
Mojud Hosiery Co Inc.—
2.50
1,000
50
47%
36% Jan. 15
3,500
50
491/2
49>A
'Mar
9
14
' Jan
8
7%
.
32
Jan
Jan
40
Mohawk
28,600
11
Oct
35,
2,400
:
Dec
3
12% Jan
preferred——No par
Corp
10
Mo-Kan-Texas RR
31,900
r
48% / 49%
50%
130
'
198
88
lC8'/aJan 11
preferred
—.100
Minneapolis & St Louis Ry—No par
Minn St P & -SS M A vtc—No par
Minn-Honeywell- Regulator ———3
4% conv pfd series B——100
4%% preferred series C
100
4%' preferred series D———.100 y
Minn Min & Mfg
—.No par
Minn Moline Power Impl
—1
123%
15V2
126
50V4
129'A
,900
47
..
31%
47
70
'
114
*110
*109
47%
2,600
r
112
*110
48 »/2
500 Z
Jan
58-
8
41% Jan, 2
1Q6
Jan 10
23 % Jan ; 3/
/. 116
Jen .1.7':
27% Jan 3:'
21
Jan 3
104% Jan: 17
.'104
Jan_3
46% Jan 4
25
Jan 3
76
Jan 2 /
38
Jan 2
;
54% Jan 4
8% cum 1st
11,400
^115
Steel Products
Midland
181
Jan-
.
Copper.—.....——.—5
Mid-Continent Petroleum——10
,
9
z 68 % Jun
Miami
100
/
24%
*112
115
*112
:
80
,.55%
55 %
54.
'
56%
24
112
151/s
16
45%
33%.
>
*76%
77
25
114
*123
32
15%
'121%
77
24%
* 109
48%
49
*48%
12,200
'/ 157
157
*110
r
•
481/4
48
49%
49%
79
24%,
'*112
112
'109
,53%
.
15%
56%
159
Co————9
Metropolitan Edison 3.90% pfd—100
170
15%,
r
158
158
15%/
77
23% : 24'A
'114
160
15%.
22%
77%.
;
77%
;
109%
109%
—1
Mesta Machine
2,100
57 3A.
109%
109%
100
40
15%
•
■i
60
86
,.
*156
55%9
34;./
*80
*39
'/ 57'A
,
110%
14%
.
"
58
55
34
15
57%'
58%
.
14%
*109
109%
13%
14%
57
58
107%
1013A, Oct
141% Jan 23
39
par
—
107%
107
106%
Jan
Jap 8
31% Jan 22
preferred—'—.—100
Co——1
preferred
5 % .-
78
*
50
Jan 4
28
Jan 2
122Vi Jan 2
'109% Jan 14
McLellan •. Stores
8,000
28
22%-
23%
4,800
108%
27%
28%
3
40
•
Corp——.1
McGraw-Hill Pub Co„——No par
Mclntyre Porcupine Mines—.
5
McKesson Ss Bobbins
18
600
46%
''29%
♦118//;
:
28
McGraw Elec
1,700
3,100
68
45%.
*106
28%
*120
'
40
109%
38%
20
57%
preferred ur w—100
SVzfc 'conv,
1,090,,
34%
*66%
108%
f
41
34
34%
67%;
'463I
46 /
28%
28%
,*4o
41/.
67%
'
46%
*106
27%
*21%
•41 A; /
conv
*
112
:
5%
24
64%
2
23.
Jan 23
■:. ■ 38
Jan 56% Jan 18'>
:%9% Jan 21
17% Jan 3
preferred—.—No par
McCrory Stores
760
142
,
111%
111%
111
'//
32
67
118
27%
22
35%
/'."/
41
:// 67
iV •; 46%
27%
27
*115
28
;/■"
108%
*106
35
112i% •
40%
31%
66%
,
27%
27%
22%;
21%
31%
67%
118
118
29
112.M
108%
27
:
118
*28
112%
46%
*105
27%
*115
:
45%
108%.
•105
35%
36
100
14% Jan
McCall Corp.—
2,400
Dec
Jan:
__
preferred—100
Department Stores,————5
$6 1st cum
•112%
59%
35
40%
300
58
35%
•
4.20Q
50%'
■
57%
35%
56%
112
39
120
15 Va
♦50
*112%
140% 141%
.
4,800
15
55%
141%
.
57%
110 %'
7%
Dec
33%
Dec
78
7
29%
195
May
.
53
$3.75 preferred
:
No par
108%
Maytar Co
i-—No par.,. ..14 Va
;
$3 preferred^.—No par
50
/
Dec
Nov
13%
33
200
5
Co——-1
Mathieson Alkali
Np par
5,300.
351/4
A'68
21
2
Master: Elec
-
56%
50%
53%
140
32
67%
.
47%.
15
*1121/2
:
*109
110
*60
•i,
55
34%
40
32
68
47%
50%
112
39
32%
*67%
15
50%
139%
•
111%
41%
14%
*53%
53%
140
14%
50
108%
400
33
32%
57%
57
56%
108%
*112%
•*112%
55%
139%
55%
108%
50
50%
*49
55%
109%
.109%
3,500
1
,44
*195
25,300
25%'
*43
*195
*195
10,100
60%r
60
61%:
'
1
43
24%
32%
-
111%
42%
43%
53
55
=
59%*
15%
50%
*112%
24 %
59%
43
55
14%
15%
15
*50%
111
25%
24%
23 3 a
31%
110%
♦
43%
42%,
42%
*195
*109%
111
43 J/4
23%
58%
31'A
53
56%
55%.
*109 %
43
58%
41%
*195.
*195
42%
*40%
59 %;
41%
-
111 »/2
42%
42%
21
60%
40%
*110
22%
IIOV2
41%
31%
59%
40%
*110
111%
*110
Jan
;
24
,
Market St Ry 6% prior pfd
100
Marshall Field
Co..«No par
4%% preferred
100
Martin (Glenn L) Co———1
Martin-Parry ,Corp—.—u—.No par
Masonite Corp—4—No par
8,400
*110
.
Manhattan Shirt
5Maracaibo Oil Exploration—1—. t
Marine Midland Corp
5
3,490.
43%
•
Copper—
——-—10
Mahoning CoaJ RR Co
50
Manati Sugar Go—*—«—•—1 /
Mandel Bros————No par
7,200
23%
24%
.
16%
Jan
7%
14
103% Jan
Jah
47%
108y8
29 Va
23%
Macy (R H)
'
Jan
51 Va
Dec
Nov
37% Jan
667/8 Jap
Magma
100
15%
16
44%
-
3,600
<
530
*430
z-
520
38
Mack Trucks
3,500.
rn
36%
-
26%
26
520
*22%
*
44
9%
44
*430
15
15
24%
43%
6%
10%
43%
25%
£20
*430
•
35%
25 3A
35%
25%
25%
520
*430
..
34%
35
'
24%
26%
.
*430
-
.
3,000:
49 ya¬
*110%'
111
*109
111
*109.
109%
109%
109%
2,700;
26%'
70%
49
Jan
;17%
Dec
54 34
27%
Q
IOO1/2 Jan
154'/a Jan
10
Forbes
36%'
72%
48%.
*109
&
Inc—-—No par
Co Inc..
No per
f dyaft pftt/series A—i——100
Madison Square Garden.-—No par
72%;
71 %
72%
20%
9
25
•
13% Jan
28
Jan
62% Jan
17,% Jan
'6%/preferred—»uJlOO:
*1561/4
*156'A
*156%
*156%
/41%,
42%
*41%
42%
42%
*156'A
36% Jan
15
Jan
Jun
Dec!
51/4
60
Jan
M
••
MacAndrews
500.
'
28%
.70%
28
190
No par
.—25
;—10
Louisville Gas & El A
.
»
,.
Louisville & Nashville
5,000
18,000
28
Co
-No pur
No par /;
18
171/2
2% Mar
35%
71% Jan
40% Jan
33% Jan
64
Jan
>/
7% preferred—-——*—100 •
No par
—50
Lukens Steel Co
—10
50
900
•<
67%.
27%
Lorillard (P)
5,100
194%
67% :
"
/
30%,
*30%
28%
28
Corp
Loiie Star Cement
/•:
68;
29%
28%
—
30%
3L
67»A
Inc
Loews
26,400
85
194
31,
67%
:
1
Dec
,6 % Jan
r
34% Jan
34% Jan 3
1% Jan 12
—————
2,200
-
,30%
31 m.
67 A
Rights
Lockheed Aircraft Corp
9,000
67 Va
•30%//
194
195
31
/
178,400
•
:
15
24
29
9
4
24
5% Jan
58
Jan
31% Jan 25
No par
Liquid Carbonio Corp
4,900
.
:
—
3,50ti
32%
35%
195
1,800
31%
36%
66%
29%
26%
;
59%
*58
2,900
16% Jan
91% Jan
Lily Tulip Cup Corp
Lima Locomotive Wks
JLank Belt Co_
——No par v
Lion Oil Refining Co
No par Z
1,000
81%
35%
31
66%
56
81.
'/•.!
Preferred
90*
Oct
Dec
Jan
58% Jan
2a.-92%;jan/.^——100
194'% Jan
No par
47' Jan
-No par
76i/4 Jan
fieri"! P
-
72
44
Jan
29 Va
'
Jan
33
12
15
Jan
59% Jan
26'A Jan
31
Jan
25-
19
17Va
Jan
10
17
63% Jan
/// 11% Jan
i—5 /V:
Life Savers corp new
,2,900
:
40
40
A-„ rl%
"43l/at.
30%
195v
*30%
66%
v
85% ; 85%
30%/'30%
31
31
/
32%.
32%.
*
>
30%
60% /
;
103
,197
,
•
—5. 1
<new)—No par
i
Liggett & Myers Tobacco.
800'
*531/8
81 ;
Lerner Stores Corp
Libbey Owens Ford Glass.—No par
Libby McNeill & Libby
-—7
47
Jan
43% Jan
49% Jan
53 % J an
.
600"
197
59
:
37'A
102%
10S
,
56
.
87
.
371/4
,
80%
{
»
*99%
.197,
;
3,500/
3,700
27,900
•
.///./13i/a,V13%
"
•
Lehn & .Flnk Prod Corp—
7,90(1
7iy«.
:
Lehigh. Valley-Coal
6% ^onv preferred .—————50
Lehma.n Corp' (The)/.—///
1,900
•
34%'
.
70%
34%
36%.
66%'; 67%/
30% • 30%,
,
661/4
29%
65%
'
13A
43
43 *
34%
34
•
.
r
.
'
*53
40
1%.
38
•
,
87%
83%
31%
32%
.
A..
13V8. ■ 13%
*36%,; .37;%
.19.7
60
'
32%
6Q,
:
tw
*
;
28%
34%
v70%;.
Lehigh. Valley RR
37,600,
,
.
102%-.105%
/:
198,:.
*1961/2
32%
38%
42%
66
100% 101%-
-60%
42%
Hignest
S per share
share
per
72
/ 66
7,400
•
$ per share
,
Jan ,.3
15
Jan 3
39y8 Jan
50 ,.r 12
Jan
No par ■/ #4% Jan
&
Navigation Co.-—10
Lehigh Portland Cement
25-
28,100
•
'
t per share
Par
>
Lehigh .Coal &;
3,100
16%
5%
58
58%.
55%', 56 ^ 1',.
*-27%/- 28%
09,%. 100%.-
81%
32
;
A'/
v
43%-
:.
5% "
56
7034
99
A 99
•
34%;
55
32%
-
37
81
39
•
13%
4
541/2
-42 %
m
12%
36%
43.
■./ »/v
■
Lee Rubber & Tire
300
32,800:
17
15%;
''
A
79%
•39,
,'1%
39 %
34%
85
13%
-
- •
58%
-
55%
:.
53%
*43 %
'
70
198 : ,;
35%
43
57%
-
r
•
i
Shares
68%'
16%
;
51/2
28%
34
78%
"
601/4'
.32%
5%
...
28
33
53
52'A
■
27%
70
,
•
.- ■/
197/
196%
60
•
.
98%
98%
100"
100%
•
5%.
37 1
12%
*36%
37%
-
77%
t
5%
56 3A
57%
.i55
-55%:
69%
52
62%-
; 39%.
i%
16%
32%-
1961/a
-
'
33%.
.
42%.,
16 A
551/2
99>A
,
•
61%:
42%
15%
■
56 i
*97J/4
81
42%
'16
■
-
55
36%
-
53
.
41%
15
55%
.12%
'•
99% .99%
*195 '* 199
-53
41
55%
68'
•
: 80%.;
17
4% A 5% A
share?-
per
68%
16%
"
'
irf+M.",2$
97
97
68%
'167/a.
55
-32%
'69% ; .70% •
12% .13'A
"37
68.
16%
55%
33%'
37
68
16%
14%
"
5Va
Lowest
Highest
Lowest
•
*67%
70
53-
54%>
58
28'A
33%-
•
V-
share,'
40%
14%
•4Va
;r
-
* per
/
per share
•
•
16%
*68
A
41%
-14%
{'.t
$ per snare
.
."-•■40%
V
57
■
68
68
16'/a * 16%
,
5%
5
,
,Z/
42
14%
A
■'* A,
■
Year 1945
Range Since January 1
STOCK
YORK
EXCHANGE
tbe Week
-Jan/25
•
'
.
#. per share
..
Jan. 24
NEW
Sales for
■0: ThursdayA A/ :///r Friday./.;..*./
Jan. 23
Jan. 22
Jan.21
Rang© for Prevtau*
STOCKS
AND HIGH SALE PBICES
Wednesday
Tuesday;
LOW
Z/Z Saturday
479
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4459
yplume 163
25% Deo
Nov
35%
Jan
56
20Va
Jan
37%
2
161/4 Mar
41%
Dec
15
28% Jan 10
91/2 Mar
19 Va
Nov
201/2 Jart
33
.
13%
Jan
Jan 24
34% Jan
2
1981/2 Jan
5
2
29% Jan
15
17
16
197/a Jan 15
Dec
32% Dec
x34%
Dec
1811/2
Oct
195
Dec
20'A
Jan
30
Dec
Jan
20 Va
Dec
23% Mar
13%
!
<
[THE COMMERCIAL & FINANCIAL
Monday, January
CHRONICLE
28, 1946
YORK STOCK RECORD
NEW
Friday
;
j a n.
;
t per shar*
441/2
45
28%
28%
20 Vb
20%
40%
40 %
41
'
;
41%
•
12%
"
75%
79
*63%
65
28%
;
29%
108
108
v
35%
35
197%
169
'23/
,".
107%
170
23%,
a
33%
34%
63%
63%
11%
11%
84
84%
32%
32%
23 V2
24 %
21
31%
*103/103%
26%
;
27
•
13%
13%
31%
31%
*58
59%
*108-108%
30%
30%
61
•59'
108%
*106%
38%
38 V*
37%
*108
39
*108
109%
109%
111%
47%
111%
*110%
47%
48%
46%
33%.
34%,
26
26%
*110%
33%
67%
55l/2
*55
'
124%
125
55'
1
127% 128%!
35%
35%
*27%
60
33%
54%
34 %
.
'66%
33
67%
33%
25%"
66
•
34
25%
' 28
60
.
•301
340
110
110
'
24% Mar
21%
52%
2561/2
21%
21%
53
21
50%
50%
•122
33%
33%
14%
124
;
<34%
Nov
/3l%SDec
.
15%
t
16%
112 !A
112
126%
i
15%
14%;:
112
269
267
122
32%.
Oct
.
257%
*121
50%
258% Nov
112lA
Dec
Dec
413
38%
Dec
33%
34%:
*112%
114%
51%
57
Nov
*54'A
52
54%
15
Dec
17%
17%
57% 'Nov
*56%
57%
21% Dec
;
•111
21%
31%
♦111
112
112
:
32%
.
*111
21%
21
21%
'' 32%
112
21%
21%
32%:
31%
32%
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28
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38
173
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173
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19
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s;.'37-;.;v 37 %f
170%
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onto 011
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32%
32
116
Co 4.40% pfd
co—:
Ohio Edison
<
";;;:2l%':-r21 %
V
116 % Mar
63% Dec
.
;
preferred—100
Omnibus Corp (The)—_
—
6
8% conv preferred A—
—100
Oppenhejm Collins
—10
4%% convertible
Otis Elevator
0%
—
preferred
*170
173
173
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33
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33 :J"
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33
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92
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90
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91
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83%
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80%.
81
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81
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34
A
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19
20
33
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83
37% A 37%
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61
73
v
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63%
73
150%
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173
177
9%
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28%
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11%
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.
39%
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113
13%
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81
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38
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112%
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110
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37
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76%
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29
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121
118%
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76
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15
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40
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1
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121
17%
18
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18
43
43%
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43
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■
100
no pat
par
Co
:
—No par
——100
—2.50
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No par
Glass Co..—12.50
111% Jan
15
Jan 23
21
.
3i% JftTi A21
115% Jan 22
16
Jan n
Jan
2
Jan 21
415
28
35 % Jan /
2
Jan
166
2
Jan
92
Jan
2
5
75
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7
28
;
.
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112
Jan; 19
.23
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9
A34%:Jaii 1'5
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17% JanJ 18
/ 117% Jan 21
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38 ; Jan> 19
173
Jan 23
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34
Jan 25
! 92
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,
84
Jan 25
.
Oct
23% Dec
34%-Dec
119
'Nov
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34% Nov
36% Dec
j
.
:
!
•
II
j
•
168; % Dec
32% Nov
95
: Dec
-
:
i
79Va Dec
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number. 4459
163
NEW
:;■> ;•!; FHda* 7,,
Wednesday:-; 7.:-v, thnradaw
• Jan. 25 1
:7Jan..22.77/j7-7 Jan; 2«...; V;;777 - Jan.,2f7/7
yt per share
per share
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RECORD
the Week
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$ per share
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YORK STOCK
^
HIGH SAIjS PBIC19
LOW AND
1357:
:
7>'13%714%:
102%
103%
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10,500
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150
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28
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33 >/a
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125 Va
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136
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134
-
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148
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148
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115
69
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115
66 Va
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25
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115
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34
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113
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115
115
22%
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27 Va.
114%
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'
61%
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68%
67%
68%
;
33%
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-
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1,500
.It
18%
Radio
90%
91
18%"
19»/a
>110%
110 Va
6%
'
45%
44%
44%
27%
26%.
'
37% > 37%
-
52
7
V 28 Vt'
51
28%
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110
125. v
29%
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non-cum
A%
-
:
-102%
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102%
29«%
28 Va
29%
Reo
Preferred with
18
17%
17%
Republic Aviation Corp
35%
33%
34 %
■r
33%
33
f;
r
|
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' 113
24 7 -24%*108
108%
41%
f
U
42%
132
130
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129
127
23
23
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16Va
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liy«
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31%;
11%
47
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16
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28%
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27;
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48
32%
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32%
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32 V*
59
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114%
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7
:
35%
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35
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;
41%
22%
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113 Va
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112%
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25%
27%
28%
33
34 V*
14%-
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41%
7
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81
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54
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55%
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37%
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60%
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1
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7
34%
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179
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31%
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,
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80
19%
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26% 26%
113% 113%
16%
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53% ' S3,V*>
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114 7
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'
113
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> 35 V#
35%
101
101
24%
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81
21%
22%
I.
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19%
23%
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32 Va
36%
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29%;
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41% > 42%
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21
21%
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49
45
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118 % 120%
;
81
44
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23%
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85
37
6% '
For,footnotes see page 483.
::
84
37
22%
55%
22%-
' 22%
.
* 74
41
.55
54% '
22%
>•23
;48
110% Jan
31% Jan
4
7
113% Jan
2
20% Jan
3
3-7 Va Jan
2
.'
80
317
13%
13%
49
44%
*43
19%
54%
.
32 7
' 47%
,
•
19%
22%
55V*
22%
' 23%
23%
85% - 86
•
86% > 86%
3d
-.37% 37%
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37 '
IT 7
'16%
17
16%
16%
7%
: 7V*
7%
7V#
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7%
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7 34%
34%
35V#
35Yv
7 56 7> ->. 56% '• 57 " v/:;-:56VV"*57 7;
179
*178
180
*178
180
37 %
37%
37%
38
38%
23%
24
24 23%7.25V;
62%
60% 82%*
60%
61%
85
.
44% Jan
Preferred 3.60%
Rheem
25
y ^
■
37%
74
74
29
29%
147%. 15%
41%-• 42%
21Y* 21%
113
113%
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19% M9%
>
21
,16%
,
,
27%
35%
101% 102%
24%
25
32%
13%
47
-
'
26%
35
81
41
-x
19%719%
a84
36%
80
32%.
12%
.
13%
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•391/2
40
?
:
3
11
series—^.—100
Mfg
27%
26%
22
.*74
.
21% Jan
27Va
■'
■
63 %
113
22
.
80
32% V 32% >
2
107% Jan
Corpju^... —No par
--No par
Company
2
104% Jan
,
Roan
26%
37
73V4
*77Va.
7
29 % Jan
No par
Richfield Oil
62
27%
34%
35%
7100% 102 77
24 >
*24%
81
2
«
'
106%
32 Va
27
.
*77Va
,
v
2
Jan
15% Jan
1
...
■
Ritter
47 V#'
.
100% 100% :*
23 Ve
23%
26
preferred^.^.^.«.-~.,100
Reynolds Metals Co
No par
-5%% conv preferred..
100
Reynolds Spring...
1
Reynolds (R J) Tob. class B—.—10
5V*%
12%
32%
* 29%
.113
101% Jan
Revere Copper & Brass
16
48%
14% .14%
40%
42V#' >
20%^ 21%7'
l4V*u
.
2
22
No par
100
31%
32 Va
73
71 Va
29
7
40 Vi Jan
warrants;4?«~4-25;
,
30 %
*47%
29*
35%
71%
29
;
.40%
7-
■'? :>
283/*
.
i2y#
*
,
-113
113
t
111 7Jan 15
7125 Va Jan 17
Republic Steel Corp_._
■%% conv prior pfd ser A
15%
16%
'
62
60%
•
•
-
28% Jan 14
4
15
33 Vi Jan
Motors.
-
3
Jan
Jail
: Jan
,
27 Va Jan
No par
10
Common
" 46
24%
30 Va
12%
12
*113
114.
•716%7.i6%'-:':,;16%7:.1T%--^ 16%^.17%
117% 126->
121% 126 Vi?
120% 123%
*52%
54 ■"
7- 52-v --753^ > : 54"-- 5i%
112% 112%
^
113% 113347 7 114
114 •
*
105y# 110
*105V» 110
*105% 110 •'•••
35%
71% 773
7
'42%
22%' .23%
30%
15%
26%7 ':'7 26%* 26%
29 %
14%
30%'
24%
30%
105
32%
•
;
24%
30%
*45
45
48%:
32%
113
24
24%
40% ; 41%
.40%
28
♦47V*
60
•
♦27%
32%
25%
113
,
\
106%
711%: .11%;
27%
27%
48V4
'
-
741%
42%
*128
"131*
131
24%
106%
24%
3Q%
%
25%
108%
113
100
*
x45
y 15%: i6%
11%
27%
42
113V#
24%
108%
v,
'
X40,/a
46
24%
30%
11 Va
:11%
23%
♦106V4 .107
16%
30%
16 V#
30% > 31
11
*44%
106%
24%
131*
'
,23 ,
40%
40%
46
106%
130
23.
40%
40V/a
40%
46
106%
24%
106%
48%
*28%
130
129
23
140
42%
42%
42
41%
23
23%
*106
10o%
24%
25%
40 V*
41%
*108-
108 V# 108%
*112
25%
25
25 Va
-
113%
*112
113%
•1127
24%
24%
108 % 108*%
"
128
23
45 V*
I
108
113
23%
24V4
*
39%'
f
112%
113
23
L
.
106
(Robt) & Co 1st pfd
Reliable Stores Corp_;
Reliance Mfg Co
Remington-Rand
34%
34%
.
25
Preferred;
Rels
17%
34 V#
26% Jan
3
x31% Jan 16
50
Jan
2 ; > 52
Jan: 18
45
Jan 15,
46% Jan 9
50
2nd preferted^.*.50
Hosiery
...—.__5
29
34%
50
1st preferred
*102
32%
100
;
non-cum
Real Silk
26
29
35%
4%
;:-^5l"7 ->
:
51%
•
35%
preferred
conv
No par
Reading Company^
45%
^*110
f7l25
Corp of Amer
Ralston Purina Co 3%%-pfd
100
Raybestos Manhattan.
No par
Rayopler Inc—,.... ■„
1
$2 preferred
—25
52
26
124 %t 124%'
22% Jan 19
7 1,1/
*43
v
113
•110
r)
51
45%
^ 26,"
26
\
,30%'
31%
45%
.
'
r
30 Va
44%
26% 727
:
37%'
*50%
10
13.50 conv 1st preferred
No par
Radio-Kelth-Orp" •mmr-.i--—-i.—1
.■17%
i09%-109%
21% Jan
2
23% Jan
3
15% Jan
24
27V-2 Jan
3
Antelcpe Copper Mines
Royal Typewriter
—
1
Ruberoid Co (The)
—No pat
10% Jan
3
26% Jan
21
Jan
2
5
28% Jan
; 3
Ruppert,
Jacob
44
ft 303>8 Jan 12
"
54
Jan 12
37 Vs Jan
10
103
Jan 11
31% Jan 15
18
Jan
24
THE COMMERCIAL Sc FINANCIAL CHRONICLE
H82
NEW YORK STOCK
■
ft, Tuesday
Jan. 21
Jan. 19
I per share
■
t
59%
ft
| per share
,
'
59%
ft 94 ft;
*94'
17%
■
96%
69 -V
96%
68
1
12%
13%
19%
23%
*76%
iftftft
96%
96%
68%
69
44%
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li5%
"41%
115%
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43
40%
*124
7
?'ft
39%
•'
113%
113%
*112%
40%
42%
43%
43
42%
43%
42%
42%
ft
24%
20
ft
44%:;
*106%
24
27%
17%
8%
22%
*129
28%
28%
28%
21%
21s/a
7;'2i%
22%
22%: / 22%
31%
30%
32
32%
,32%
32%
32%
31%
17%
39%
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.
70
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•:
8%
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.
60 %
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15.500
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40
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32%
33%
32%
39%
14%
38%
1,000
38%
35%
2,700
40
36
35%
*52
7
38%
15%
15%
15%
15%
26,000
12%
12%
12%
17%
109 y8
110%,
*12%
12%
12%
*i2
13
,
9%
;
49%
,
50*%
28 Va
50
109 y4
:
17%
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27%
61%
16%
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-
ioo
11,700
10,700
49%
50%
51%
7,900
TexasjGulf Sulphur
,273/4
28%
27
27%
4,600
Texas Pacific Coal.& Gill—ii./.-lO"'
48%
12,100
2,000
18
49
gSig 17%
ll°> ;;49
■
49
;A;l:.48%i
27%
27%.;.:;
61%
61%
17
*103
105
15%
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15
60%
;•
13% •M4%;:
13% ''ft
13%
17%
},1V/Z
6S
64
*112
ft- 113%
*112
113%
10%
10
58%
59
56%
21%
22 Va
214
21%
108%
1081/2
;
; 15%
f
14%' 14%
I8%t/18%
63
14%
10%,
57%
62 y2
-
ft.
-
20%
21
20%:20%
109%
11%
11%
,h3/4
62
;
11%
; 62
>
63
;
*112
$
109% 109%
47%
48
48y2 ; 48«/a
48%
63
64
64%
65
64%
19%
20
30,300
3,000
20%
64%
'
; 47%
64%
:
'
21
110
21,600
360
49
49%
64
■
30
20%
19%
19%
64%
60
61
60 y2
61 %
61%
30
19%
& 62%
29%
30
29%
29 y2
30
19%
11
11%
ft. 10%
*111%
112%
111%
111%
16%
16%
16% ft 17
ft
.
i
41
,?%
„
.*107 'ft 1103/4
44%
? 44 Va
64%
193/4
20
643A
16%
.'43%
*107
44
"ft
43%
53 Va
54%
17
16%
*159
167
55
.463/8
;..i6%
Wo
preferred
par
44yt
44%
.:
45
45%
56%
56%
105%
*166
%
18%
18%
'163
■:
-
.
56
55
23
233/4
22% ■;:;22%
22%
23
23%
74%
75%
73%
71%
72
73%
55%
57
,
•
.
•
57
23%
57%
23%
73%
74%
.
.
;23%k
,
108%
Dec
,i-57
■
10
•
119% Oct
5% Aug
47%
31,200
58
20th Cen Pox Film
6,300
$1.50
200
18
Coyp
pilfer red
180
;
Dec
79
Jan
137
Dec
Jan
Jan
21
:/ 2
V43g:jran;25.
32%\Jati'
40
3
15
Jan
31
.
22
36
Jan
21
41
Jan 14 '.<•■ 29 >•
16
108
r
•
13
7 y4
109
Jan
Jan
25
3
62
Jan
48^8
10% Jan
1
51% Jan
36%
3.
29% Jan
19
513/4 ,Jam
g;
17
g
51%Nov
Aug
13%'Ja.n
30% Jan
Jan
•;.'■:27., Jan
7
29% Jan
7
63
Jan
;
11
59% Jan
25
8 3/4
55% Nov
.
t/y "'.■■■
;
% 108
3
3
66 % Jan
2.410
23%
2,300
38 Va Jan
743/4
2,000
Underwood
Jan
V
17
:
23
39% Jan
Dec
Jan
:,
107%
Sep/
34%
10-
;
Jan ;
Mar
Dec1-:
66 ft; Oct
■;
'".23
Jan
-ft Dec
•
Dec
79
33
u
5
Jan
103
Jan
;
Nov
52
-
18%' Jatt
26
Jan :/4V
Dec
Dec
;io%
ii2%
Dec
16
10% Mar
17
18% Mar
v
15.;'
107 % Jan
Nov
61'% Jun
<25 ' Dec
:ftf:
4
42% Jan
112%
fV.V 9%
Jari
40% Dec
101%
Jan
Dec
Nov
109
47% Jan
25
49 % Jan
3
58 if Jan
25
105% Jan
16
106% Jan
10
14% Jan
4
18% Jan
23
93fe
Jan
16
Dec
160% Jan
9
112%
Sep
146
Dec
.
147'
; 6%
conv- prior pfd
50,
Twin Coach Co———...—a-- 1
74%
112% Jan
21
19% Dec
*80 % Nov,
Jan
v
18
7;
,4;
£ 16% Jan
Corp.—Wo par
No par
57%
■
15 Va Mar
?
%
V
Oct
16%
9
Jan
Oct
64% Dec
4J/a
31
10
12
Dec
Dec
15%
106 %
9
Jan
31% Jan
3
lllVa Jan
107
71
5'
9V'e Jan
V
21% Jan
22
Jan* 21 *
28, / Jan
ft
Jan
July.
101
is
Dec
104
y
13
24
-X-V-'-'t
19 % Jan
■:
Jaii
Dec
61%
183/a
45
49 Vz Jan 10
7'
Jan
i 6C
100
110
Jan
46% Jan
62
ft;. 'y.V'V- ft. "ft •••'.
31%
iv
■
Apr
53% July
lOVn AUg
Nov
20% Jun
X93»% July
■;
9% Mar'
.
Ol^a
ft:
14% Mar
44% Mar
;
Oct
VDec
10% 1 Dec
62
>
"
16 y#
3
Jan %3f
Dec
19% Dec
110
Jan
3
Jan
47
Dec
13%
Jan
Jan
16% Jan
§
14
,
Jan
6%
27
•
Dec
Jan
105% July
/
48
.
Nov
13%
7 V$ dan
11% Jan
111% Jan
7?
38% May
.43%
Jan
7%
Jan
13
4
Dec
Dec
.
•393/a Nov,
Apr;
18% Jan
Jan
24%
62
Jan 17
15% Jan 24
111% Jan 25
liya jatt
3
Dec
40 /
•
Jan
30% Apr
31% Mar
32% Jan
2
:•••
.
Aug
•
17%
24
•
Jan
25
18
39
■
Jan
60% Jan
5
3:
9fi/a Jan
No par
1
23%
Dec
9%
.
15
Wo par
56%
Nov
1353/4 Jan
84.50? prior pta..i^--^i,.vWo Paf
Twin City Rapid Transit-—No par
2nd preferred ———u—-X——100
6,400
73 y8
127 % Mar
Dec
Corp-^—2-„
Rayon Corp.—
4% % preferred
Dec?
109
g
Aug'
25%
)jreferred^V.^---(k~*Wo-'.pail.>'
Truax-Traer
100
*163
■
Tubize
'
17%
■.
180
*163
57%
57%
•
1,800
.8,800
'1*105% 106%
.
;'48%
18
180
54%
16%
41%
56%
105%
175
V $6
240
45%
'
56%
106%
18
'29,500
•
*107
45%
'
55%
'105%
..
■
Transamerlca
Dec
V18%/Dec
■
109
10
23% Jan
Oct
Nov
33%
•
ij
%■> n
Jan
Jan
Dec
22
24.
■
33
38
Transue &i Williams 8t'l-----Wo par
Tri-Continental Corp-i—k—w-—1r
16%
110%
<123
Jan.
18%
,
Jan
10%
Aug
36
Transcont'l'& West Air 4pc^—X/-3
'
*107
'J
28%
18'/s
14
Dec
25%
Mar
57% Jan
1,300
403/4
'
-
Jan
33% Jan
Oct
45
1
10
1
3.900
111%
<16%;
41%
40%
103/4
.
Jan
3
50
Jan
3/
3*
/
21% Jan
:
.
26% Mar
Dec
453/8
345/a Mar
102
Dec
56
May
Jan
106%
57% Jan. 22
42
Oct
52%
Dec
25
Jan
14%
Jan
25%
Dec
77
Jan
14
U
■
24 y2
25%
107%
107
26
24
155%
113%
116.;;
4115%
116
J-
4io5%:
v
25% :
26
"
'
.
.
153% 154%
413% 115 -v
39% - 39%
403A
25
/f
106%
116
*105%
•
'
24%
/ 105%
*115%
i
25
*115%
•
*105 %
25%
.
.^
50%
*168
si
\; 34/
118
;
ft 175
39%
*110%
*163
*110%
113
79%
33%
„
39
40%
■ft 79%
118
48%
33%
79%
170
39
251/a
*162 ;:i 172
.
38%
113
.
■
118
/;./ 50%
51
4167
.
12%
25
25 V*
25
25
;
5%
39
f
37%
118
'
25%
;
52%.
*167
*
110%
79%
12%
80 Ve
.-.*33%
79%
'
35
'•
'
'
49%
50
28%
28%
14%
80%
80%
50%
50
w:
*109%
.
13%
non-cum
V 39% Jan
.
27%
133/4
14%
80
■
80%
14
Jan
'42% Jan:
16
20%
conv
110% Jan 23
78y4 Jan 25
preferred————-100.
Jan
55.100
17%
18%
51%
114%
114%
26
...
51
■
*108%
17%
173/4
51
52
29
Dec
Aug
,45% NOV
v.
'
; 115
-
Jan
82
/
Jan
■■
133% Jan 19
Dec
Nov
Aug
25
.27%
151ft
104
.
'.118
383/a: Dec
120
113%
26%ft
109%
114%
25% "26%
•;
5
Jan
1093/4; May,
14, i:
66
40
Feb
7% July
:
■
*
•
,
12%
■-
.
27%
109%
For
,
25%
27
27
7': 27
i073'4 108
•107
108
■23%
footnotes
see
233/4
page
-
12
12%
483,
.
23%
'
233/4
:.•'
■
,
12% S 12%
28 ' <29
.*107
/
24%
108
24%
/
.28%
;
29%
;
12%
107% 108
/■ 25
f
,•■-//■
■*''
25 %
:
12%
12 %J
29
29
107
107
•/:;
•.
i
I
-
4.100
24%
Foreign Secur^V——Wo par
.$4.50- preferred -,.-_^<;i—'-Wopar^
U S Freight Co—i——Wo par -
Jan/.4
.7
23
U 8 &
6,600 :
11%
Jan
3
y;
1063/4 Jan
2
'
13
:
Jan
.170
1,200
■
•
23
Jail
3f'ft
6%'Mar
15
29
Jan
23
108
Jan
'.7:' 11%
Jan
103%
Oct
21.
■
/
"
24ta
?
Uplted FaperboardV—10/
"
26% Jan 15
/
'16% Apr
Nov??
Dec >
Jun '
Jun
ftft 17%
ft
Dec
'•ft
Dec
•'
52%
120 ft Oct
25
•
ft'; 52 ft ft
Nov ft
Dec ft
*
112
...
123^
:
88%
-
...
12
25
;
'V143/4
;
.
12
107%
23%
,
5
Nov
29%
ft
■
'
26 Va
107%
■
Dec
Nov
SO 3/4
,
,
.
Dec
25%
•
.
Dec
36
13
.
■
Jap ft
;
82
ftf
,
.
Dec
Dec 7
,
ft 114
Jail.
26%
.
United
.
'
12%
Dec:
:
62%
;
'
48% / 60
'108%
Dec
200%
Sep
22%? Mar
Jan ft 9
35
t
31% Jan
,
'
51%
Jan
Jan
ft 112%
■ft
.
51%
Oct,
Dec
117%
.
_
Oct
77
116
ft
Jan
13% Jan 24
V 11% Jan «2 :
Cigar-Whelan Stores.-—30c
25%
;
25% ; 26% ;
25%
22
>' i
25%• :25Va
July
2,100
.Prior preferred -J
-20.- :;;24-vJanil2;/ / 25 % Jan 22
:
6
53/a
5%
•534
6
63/af.-,
6%
ft- 4% Jan * 3
6% Jan 25
iy4 Jan
ey2 ■' /C 433,300 / United. Corporation2
—Wo par
50%
51% "52
' S/ 51%
52%
/ 51%S 52
51V2 "
*'■>' l- 8,300
;
.747 % Jan
3',.. 52:% Jan 24 / 38%' Jan
,$3 preferred—.
—-V—Wo parSi 27
27% c;
27% t28%>.
-Te
28% .30. • g :|g' .29% > 30.%
30% Jan 25
15?a..Jah
/;25%,Janv7118,000: /: United Drug Co"7
;;.vi4>;s 14%
i4y8 • 14% , >'•'.14%; 15%/x'
13
15 % Jan 24
15 Va
./ United Dyewood Corp-———-i
.ft 9% "Jan
12Va Jan
2
5,100
*78% -'81
/ 84 :M84m
<-81%^81%v,?; ;;;>82ff,:i':s4'i'g;g;
t
•86
vJan.
Jan 17
■'
200
:Preferred
100 V 73%'Jan 7 ' <85
V
18%
18%
•- <
18%
18%
.18%^18% 19
Jan 17
183a
168% Jatt y 3 /
18%
1Q% May
1
United Electric Coal Cos-—-——-5 ,1
6,100.
'■
-<51 ff52
52%
52% v:
52%
52% :
.'■■'33 Vi Jan
52%
53 ' l
543/4 Jan 15
United Engineering & Fdy-W—-8
; 48% Jan .3
.
VI, 100
113
V 113
113% j;
113% 114
/ 113%' 114
115
116 # Jan 18 ? ;• 89% Mar
"(
110%. Jan
7 ,
United Fruit Co—-.
>
No par;'
2,200
V 26
26 % : 26 % / iy 1 26%;
26
■%. 26%
26%
•
26% ; ;
23% Jan3V:: 7 26% Jan 24
13% Jan
United Gas Improvement Co.i-13 %/?
12,900
49 %^. 5049 ;"■■ 7 49 Va .;
••49
50
52 3/4 Jan 10ft ft. 22
"Mar
<;.::49%< 507 :.
48% Jan * 3 f
United Merch & Mfrs Intf com--VI
."5,BOO.
*110.
110%
120
; *uo • 110%
110
Jan >23
109% 109 y2 ./ .110
/' A 100
:
109
106% Oct.
5% preferred —————-£.100
v Jan
4
•
•/.
5an
.
5%
Apr
109%
;
9
V>;, f >: y/l -V Vz/v
.
United Carbon Co-w.<——-Wo pot,.
United-Carr Fast Corp—,—.No par
102%
ft. 100%
■
18
115
-
27
:
45
155% Jan
.
;;;
26%
Jan
111% July
.
200
13%
¥7% Jaii
22
Jan
Jan
xl 10%
17
"
1,500
'■
13%
115% Jan
Jan
14%
?;
37% Jan 24
3 <
-United-Aircraft CoEpXx^ju.gi-,i.--8 "■■ ft 33% Jan
<113
Jan
3 /" 119: Jan 18
•"5 % conv preferred———105
54 y» Jan
t 48% Jan 21
9
United Air Lines Inc——-J.—10
& <4
.preferred V—
100 V168V Jan i Qi'i 179 /, Jan 9
41% Jan 15
United Biscuit Co—,.LX-..-XiWo<pat fV34%Jan /;3 •
50
79%
33%
25
115% Jan 17
5
—-—
140% Jan
2
112% Jan/24^
■
1 // f
2,200
113
78%
.
■
400
/-...33%':
•
series_-V—Wo par,
25
preferred
-100
Union" Tank Car—V—1—u—Wo par/
4%
1,500
%iSj
19,700
39%
.
14
1,100
:«;•••
us
/>
39%
81.
34%:
13%
-12% ;i3%.
/#' 25% .*25% '
12%
40
110% 110%
110%
79%
*33%
35
*117
36%
8
....w—-
ft
58%
78%
7
11
15
——
Union Pa elf 1C RR Co——
-51%'51%
g 0,400
//•*187'Sil72; g '■M ■ ■■:: -i—:
175
40
39
353/4
>26% Jan
109% Jan
Union Oil of California——
3,100
■
3
2
114% Jan
114
Jan
.
'
Preferred $4.50 series—X—Wo par,
13,700
155%
11
Jan
99% Jan
"'',23
.—Wo pat
Union El Co of Mo 45 pfd_—Wo par
"lO
,113% 113%
39%
39%
'
-
118
51
'
•
175-
38%
113
;49%
*33%
12%
5%
.
*110%
-'79%
*33%; 35
5%
*117
51;
36%
: 36%
■
12%
5%
117
49%
,
35 Va
35% V;
117
•
50%
.
12%
:
343A
'34%
.
Carbide & Carb
22
71% Jan
No par
& Paper——U.-.-W0 par
Corp
Preferrd $3,70
154
.
39%
116%
.
34%
36 C
*119 ,120%
-j
Union
*105%
25%
'
39%S 393/4'
*115%
Union /Bag
7,100
>y41T4%fll5%'
114.;
40 i
f ■;
112%
10.300
,
v
—
154% 155
;
f-
2434
106%
-
1153/4
.
25
•
154%
113%
24Va
106
116
*115%
*
•
—
"
154%
*110
113%
39%
39%
24%
105%
4115% 116
>
•
w//;;
25 y2
153% i
152%
;;113V2
24%
'
104
:*115y4 116
116:
:
24y4
24%
io4y2 105
*115%
26%
153
403A
24%
105%
*105%
113%
-
23%
*115%
v.w L:
74%
"
■105
*115 y4 .116
ft 115% llS'A
*io5yi
73%
.
106 V Nov,
Jan'
22
Wo par /
TlrnkeA'Roller Bearing
13,700
.
30%
'
107
107
55
17%
167
i6%
,
111%
'
106%
*105%
7
17
;
•
54%
106%
■
111%
111%/
20%
-
11%
•
10
23% Jhh 15?
>
11
10
;TimkehvDetroIt-TA^eVb^ikiUI,-JLi(l;/:;. :
4,600
Oct
'Nov
126% Jan
Thatcher- Mfg CO^m—We parV $3.60 cony preferred
—Wo par
$3.75
3,600
v
65
64%
30%
,
;
11%
11%
40% "40%
'
'
108%
*105%
■
:
16%
31
30%
f
11'/a
'
111%
112%7.
ft ft 4p% .411
40%
7.30V4
11
11%-'
*in%
*107 ft! 110%!
.
55
55 ft
*105% 106%
*162
10%
v
'40%
41
163/4
19%
63%
62
'
11%
•
im
29% Jan
21% Jan 23
V
;V9%?Jan>l,7:
•
•
16
/
<
NOV
27
;ioi%;Sep.
.
12%
63%
49%
63%
48
63%
113
11%
lid
109
48
62%
108% 108%
48
500
2,500
61%;
gf
•
. ,
5,100
I8V4
65%
109%
62%
20%
68%
108
=
20% Dec
Aug ;,■■' : ftU7:.>rPec7,'
15 *t
>
6,600
,
13%
m *i8-:.,/
u%
20%
■
3
Jan
Pair—-w——Wo pat '■ 16% Jan 19
/18% Jan; 11
105
Jan, 10
;
6%-preferred
/
^-100 /; 103% Jan 24
/ li3/* Jan
Thermoid/Co common—1,Jan 14
51' ; 16
;
$2% div conv preferred—
60
Jan
64y2 Jan 16
8.
50
13
Jan
15% Jan .■.'••4
2
Third Avenue Transit "Corp._Wo pat
Jan
8
18'A Jan 14
Thompson (J R)
*—103- •'" 17
Jan
2'
65% Jan 14
Thompson Products Com-*— Wo par \ 59
;
4% preferred
—,.—100
12% Jan 25
83A Jan
2 :,
Thompson>S tarrett' Co—:
Wa par
56
Jan 12
63V4 Jart 25
$3.50;cum preferred-..—'—Wi pat
20% Jan 23
Tide Water Associated Oik--_- —10
22% Jan 10
>160
64%
ii3
*112
*
:
../•
.
Jan'
24% Jan
The
20
15%
.13%
,
65
>
700
105
45%
18%
64%
113%
113%/;.'.: *112
14%
*18
64%
160
*62
108%
57%
%
18
■..
15%
:
56
•
35% Jan
.
Texa8 "Pacific Land' Trust—,
1
Texas ab Pacific «Ry CO——————————100
1,600
17%
*103%
;
V
y
•■63
*16%
103%
a
10%
ft
17%
*61
61% : 62
,
ft 10ft
;
,
62
103%
15% if 15%
13%
I 17%
•
•
63
^•^17 %•
17
62%;
13%
,61%
17
*103% 105
14%;
•
; *17% •17%:
.
63
:
44% Dec
.
■
!.;V':':-.'2d:Va? *29%
29%
:fy*61%'
63-:.
106
$
.28%
28%
V
17
*105 %
,
.
15
61%
:
63
105
14%
.
ft!
ftft'ft
Gulf Producing
Texas
33% Jan
x3l% Jan
'
10
>49% Dec
.
34% July
2
17
58%
,
10
121
Jan
:y 8% Jan
20% Jan
.
9%
50%
■
Dec
,/ 73»/8 Jan
|
Telautograph. Corp-—8
Tenncssee Corp—/—
Tennessee Gas & Trans 5% pfd-100
Texas Co (The)——-———28
57%
17%
Dec
134%
Jan
37% Jan
10%
28
121
Jan
107% Jan
59%
50
Jan'/;
78%
38%
;
V 18 s/8 Jan
9
108
Jan 24
y
10%
,
67%
14",
Jan
x33% Nov
14
24
Talcott Inc (James).
109%
Dec
115% Aug
Jan
34
107
22
17% Jan
12% Jan-
1,200
Dec
ftg 49%
48% Jan 25
3;
40% Dec
;
116
443/4 Jan li V
>
Dec
61
.
Jan
2%
15
69% Jan
■
*
58%
27%
7
*
23
10%
■17%
f
'61%
"
—m— ml
*109%
109%
*
"
28%
61%
^
59
27% •'
,48
Hi'
2,200
■
3
.1
107
Jan
July
111% Jan
r
.
Dec !
23%
10 V
11 <
69% Jan
Jan
53 y2 Jan
9%
49%
,17%;
49 $8
17%
01
48%
48%
.
17% Jan
,r
',-.99% NOV
25% Jan 17 VI 193/4 Aug g
1108 V2 Jan/17
105%. Dec
22%. Jan: 24
9% Jan
12i
30% Jan
58 y8 '
59%
9% ft 9%/
50
49%
ft!'
27 Va ;
27%
i 27%
ftft 17% ft
18,
58%
m
9%
,
110
.1 ,.
4,100
."48%
25
Jan
Jan
44% Jan
41% Jan
Symington Gould
*
59
58%
60%
9%
*109%
W — 1
12%
12%
,
•
18%
'
,110% 110%
f
..■»
18%
42
12%
17%
is ye
17%
I
.
100
12
.
43
Sylvanla Elec Prod's Inc—Wo va*
$4 preferred- —.—4—
Wo par
108%
11%
107
Jan
49% Jan
23% Jan 23,
i
Swift International Ltd—-—.—_
*107%
17%
134
149.
3;
65% Jan
—12%
4,400
108%
15%
; 40% Jan
:
0
Standard -iQU: of
is,200
38%
*107%
15%
116
15
Dec :
*
83% Nov
/.
Dfec
28
9
473/4 Jan
21
39
39
109
38%
114% Jan
3,
Jan;' 7,
25
36
35%
17?
30% Jan
132% Jan
Swift & CO
6/700
38%
39
2
B 45% Jan
6»ww»ts Co of Amer (The)
100'
*107%
'
17%
•
57%
38 y8
"
.28 %
:
38%
43
'\ 39%
*
57
34%
134
42%
39
57
38%
12%:
•
43
39
57%
38 %
17%
12%
*42
•130
'
12
12
135
9,400
7,900
38 y2
14%
ft. 61%
*102%
39%
-34%^ 7
*107%
ft,- 11%
42,100
.
60
108%
151/4
38
*107% 108%
14%
70
*53%
58
•
124%
*130
42%'
39%
41%
38%
*52
V
134
7,500
$% # 9%' SBo. 8% \ 9%
22%
21%
,
•
21% i 21%
33%
33
33%' 133%
9
22
33%
*130
41%
■
39
58
8%
21%
33
V
*123
123
preferred-—-__^Wo
prior
gv
;■;■<;''/■v;
SUn Chemical Corp
1
$4.50 series A preferred—Wo par ;
Sjm- Oil co-i*»ar. '
Classt>A' pfd (4% %, cum)
Stmray /Oil Corp_————————————————1 ,
Sunshine Mining Co—
.—100
Superheated Co- (The)^»,i/JVo; pat
Superior Oil of Calif-——
25
superior Steel Corp———.——100
Sutherland Paper Co-——
10.
900
122%
:
134
,,•37%
•
9
17%
69%
i22%
;
Jan
8tHdebaket-Corpf(7nje)iS^-ii«*i.-,t
108
.
48
•
12,600
■
32
17%
•'
70%
21
39
1073/4
'
r/700
;
37%
5
2
Sep.'
NOV
39
!
123/8 Mar
16
40% Jan
Dec
44%
Jan
Jan
105% Jan
("-3% preferred
100
22% Jan
Btewartj Warner
•.
/
24% Jan
StoJtley-Van Camp. Inc
-V—1
5%
>";'2L;- Jan >; 8/;
prior- preierred19% Jan ' 3;
Stone Ai ;Webs:er-4>-——.—Wo pat /'
.9,900
.
.
*107%
•
69%
69%
33
*130
132 :ft
i
.
32
38
49%
16%
18
108
70%
,21%
f
21%
33%
38
'HI
*110
17%
107%
124%
38
12%
12%
18 Va
12%
18
108
70%
122%
70%:
*122%
124%
37%
108
*12%
17%
*107%
•
108
70%
.
*52
i4%; 15%
:ft
;
17%
17%
107%
39%
32%
108
:
*112 ft
.
I
Dec
f/95'ft.
-
76% Jan
115
Sterling. Drug Inc commoti——5
6,300
28%
% 21%
S; 22%'
27%-
:
18
';
233/,
22%
40
ft
'
63
g#®;23%
28
38%
33 y8
38%
63
.700
3,200
109
*107
24%
21%
*127
58
•
■
23%
24
21%'
21
.40
39%
„
39 %
'*54
14%
27,660
443/i
47%
15
25
22
113% Jan
.
A'—^/s.100.
!-■ Sitandai^-toteei;i5p«ng^^^li-4i-i /1
Starrett Co1 (Tbei & S-A4UJNo; pv
"
23%
22% •23%
32%
33%
134
33%
•/-
109
■
;
15
98% Jan
75% Jan
Dec
12 3A
20
Mar
;
Jan
253/a Jan
Jan
.
par
.$7
21%
H
Jaiv
43% Jan
<
;
3%% : preferred series
22 k
48% •
i
113
Standard Oil oi Indiana-,
—23
Standard Oil t New Jersey—y__25
10,000
'
Dec
Dec
93
Feb
32
;._'.f-;»• ,ir.-f-.-K/•.v-■ • /; ■.'/)r"'i--./* f..
■
-
44%
21 %
1
44%
27%
*122%
8%
9%
21%
ft
108%
48%.
22%-
*107
108
r
653/4:
23%..
•
*107%
49
44%
44% '
:
*107
t
21%
*47%
48
44'A
-
23%
108%;
•
"
-
42
65 y4
24
23%
21%
-
47%
108
*106%
65%
*107%
21%
,
44%
44
66%
24%
108%
41 y4
;
21%
70
;
"
39
21%
47
*46%
r
65%
23%
*107
'
124%'.
*122%
ft
66
21%
■'107%
•
71
*70
ft,
42
80
27%
83
3
Standard Oil ol Ca lif,-Wd pur
1,€00
21,900/
;V 17,100
24,700
<
17
38% Jan 24 ?f
21
> 38% Jan
; * $6 prior :pneierred-»Vi—,We par
700
Jan
Jan
Jan
5
553/4 Jang 5
,
Standard G & E Co $4 pref—Wo par
.>:'7
46%
Jan
14
44% Jan
!
/
94
:
_1 f
500
:
138
45%
•21%.
■7 17%
18
108
.
41%
138
138
;
'
ll5/8
60%
873/4 Dec ?
.
6% Mar
> .7% Jan
■
per share
Jan
25
92 % Jan
3
Jan
80%
I
Jan
64 y2
Jan'19
24 % Jan
14
32%
v
13.% Jan 24
.193/4 Jan: 15
Jan ; 7
■
78
'■>*—No par
'
,
*107%
ft
42%
■127
46%
21%
30%
*
137
46
21%
22%
,<42
,preferred--^V.^o par
23,000
'
27%
32%
S4.50
Standard/Brands, Inc—
No pitr
$4.60 nreterredUv---4 .—Nn vat
UM
44
28
21%
> 92% Jan
17
-
Squibb (E.Ri & Sons New-j
1
$4 preferred.i—^.—IVcr Par
...
9,300
31%
ft 31%.
..
127
136%
46%
114
,-423^4
3
Jan
; 94
i
,/10% Jan
3
:
17% Jan 21
,
No pat:
b Co_—
'(juare
.1,001
60
,
47
■
22
27
■
,
Conv
.
1.401
21%
28%
21%
21
!
127
i36%
.
"
S3
ftft 22%
21%
'
44%
*106% 108
108
23%
•
126% 1
ft
108%
20%
45%
44
46%
■
*107
20%
45%
21%
ft! 46%
ft; 44
ft
126%
.
'"241%
24
25
168%
*107
7
67%
66
66%
65%
67%
25%'
*113
44%
41%
,41%:
v
••'-
43%
114%
*113
45%
126%" ?
136
46%
;
M>V46
136%
125%
135%
45%
108%
114 %
46%
46%
114%
•
47
ft?
20%
.70 '
-39%
4
21
1.190
/,
46%
133
66
■
8,700
•
Jan
'
Jan
,:
^Highest
share
per
86% Jan 10
35% Jan
Sperry Corp (The)
^uicei
Mig COT-
801
39
39%
114%
46%
46%
,24%
; 79
*112%
71
39%
*112%
46%
V.
,7132%
"107
a
Kellogg & Sons
Spejicei
14,500
97 Va' >198 Vk
,
70
113%
43%
■
42%
?
1,600
>
62
2
; 19
st.py preferred«v-^-A«—iVo par /
.
f
3'
Jan
',91
'
37%
per share
83
Y
opaiio Wathmgton~_
No par
'Spear & Co^V-W-i.;—-1
1.400
ftft
■
,47%
% 136 < o,
70%
70%
27.000
23% ''24%
;
97%
38% ! 39%
/•
,
113
ft 113
113
"ft
127
*125
126
»38%r 39%-
(1ftft
'47%
135
97%
1
non-cum
Spalding <A, O) h Bros'Inc_.:..u-M.l
.
(•/■Year 1945
Lowest
56s/e Jan
^Railway
pat,
prefcrred-_--i__100
Mobile & Ohio s'tk tr ctfs_
100
5%
,
38%
114%
43%
69
69
,
38%
37%
i
79
24% /:24%
*97%
•
>
3.100
44%
44%
r
;
78%
78%
78
24%
97
ft'- 69%
97
.
38%
23%
.
/.
44%
37%
78
78
95
*93
43%
37%
■
19%
19%
■
150
,
24%
12% >: 13%
.
100
43%
36
23%':;
23%
*93
43%
>43%:,r
36 Va
-
35%
79
*112%
46
A3
100
*93
100
*93
ft.
'
36%
94
V- 23%
23%
23%
23%
1.100
S
$ per share
,
•Boutiiei'n
10.100
•
86
•
94
"
19%
38%
45
95
12
114%" 114 %
.'"37% :
*94
95
*94
.86
19%
44%
,
96%
*
86
Range Since January 1 v
Lowest
v;
Highest
;>■:
EXCHANGE
Shares
59% '
58%
60
11%
78
24%
59
86
Range for Previous V
NEW YORK STOCK
;V
the Week
$ per share
share
per
60%
85%
18%
23
ft-82ft?®
23 %
share
22%
35%
36%
36
"79
44
,
21%- '
21%
.
100
*91
44%
44%
ft
-s'-^;n%.:, 11%ft'
11%
17%
17% vftft; 17%
"-11%
12
17% •is;
99
"91%
5
85%
,
Bates for
Friday
;
Jan. 25
59%
95
,
21
21
■22%
,:
22%
ft? 11%
93%
ft ; 93%
$ per.
.
85
85
■
94
61
85
60
84%
;
Ikinds;
,Jan.23
!
r
f per share
,
60%
.; 59 y4
ft 85 lft; 85
Wednesday
v
:
RECORD
STOCKS JM--'*
UV UIB UQI bale trices
litvrity
Monday, January 28, 1946
ft
ft Nov
13%. Dec >'
26%
Dec
107% Nov
28
Nov
■:
THk COMMERCIAL & FINANCIAL CHRONICLE
Number 4459
,Volume 163
NEW YORK STOCK
RECORD
STOCKS
$
$
per' share
1200;
*69%
11%'
38%
15%
11
55
v
*
48
.6»/♦,." 7.
68%
69%" 70%
176% 176%
.76
76 %
70
•
2,900
' 36,700
'
9,200
J
1,600
,
179'% 181%
-75%
.76
*83?
%;? 87%;
88 \"V -89%
87
156
28%
29
•
28%V28%
:
11
68 Vi Jan
8
70
Jan
14
51
3
59
Jan
15
36% Jan -7
8%.
100
2,400
U 8 Tobacco Co
.No
.No
preferred—
Stockyards Corp
io%
Unlversai-Cyclops
io%
*54V2
57%
Universal
il
par
195
'
.
195
45%
32
32%
Inc
32%
32%
22%
22%
22%
22V2
1,800
Van Norman Co
49
51%
53%
53%
2,500
Van Raalte Co Inc——
23%
23%
23%
24
6,100.
75%
75%
81
81%
Vick Chemical Co
—_8
66
70
; Vicks Shreve ft Paq Ry-—
.100
104
"M-5non-cum preferred
—100 r110
-.2314:; 23%
„
76%
*75
*108
110
110
108%
115
*109
*106% 115
43 y4
43'A
42%
*82y4
1*0
42 y4
42
8%
-
9%
Vanadium Corp of Am
2.50
19,700.
*8iy4
;83
83
1,000,
*121%
122
*120
122
90
Va
85
*80
90
10.;
49
*42%
*161
49%
49%
3,600
500
44
79%
18%
80%
18%
41%
41%
18%.
41%
108%
*108%
109%
112%-
112*
113
114%
110
,
*20%
,20%
,20%
•
*20%
21
,
14 y4
13%
-13%;
14 y#
800
109%
90
111
111%
2,800
20%
400
*20%
,
'.14%
14%.-
M4','
:
14 y4
^
104%
104%
;
47
19 v8
18%
32
45%
32%
*31%
31%
32%
46
37%"
38
:
38%
39%
37%
116
118% 118%
in
ici
,
112 %
37%
'
91%
51%
51
-
*30%
"38%
38%
37%
37%
43%
;
*70%
-
i
.
98%
40%
17%
30%
31
30
60
;
1
,
/
•
37%
.
•-
2,500--
v
44%
?
.
1,900
•
.
6,800
'
,
800
3,300
1,100
-
38%
37%
38%
j
8,200
37%
1
*30,400;;:
44%
45
580
1,900,
t
99%
99%
M%
30%
31
31
41%
42
42%
42%,'
17%
17%
18%
18%
92
95
34%
34%
.
*87%
92
*33%
34%
70%
70%
*105% 106%
51%
51%
98%
99%
;
42%
18
:
40
3,000
99%
1
770
31
X31
.
20
'
500,1
43%
18%
.
.
93
*34%
.
95
,
35,600
.
16,200
1
*20
•
20%
•
600
57%
-11,000
96%
[
200
100
*91
8,800
*:»-
,
200,.
92
90
600
'12,500
,
Tr
./ Wyandotte Worsted Co
Tftie ft Tontoe Mfg.
Jan 21
82
4
44
Jan
23
Jan
Jan
3% Mar
-59% Jan
;
" 118
-Sep.
57
Jan
2
45y4 Jan
36%
.
Jan
Jan
3
64
Sep
19
Jan
4
13% Jan
Jan
17
30% Jan
Jan
4
109
Jan
5
Jan
3
117y2 Jan
14
20
Jan
3
20% Jan 17 :•
3
14% Jan
15
3
15Va Jan
14
8%
3
105% Jan 24
91%
24
3
50
21 y8 Jan
Jan
Jaw
3^
115
36y2 Jan
31
57
10%
28
47
87%
100% Jan
2
,
109%
Jan
Jan
113%
Jan 22
19
Sep
22% Mar
40J/4 Jan .15.
7 -114'
Jan 25
106
Jan 9
35
3
2
62
Jan
15
32% Jan
3
13y8 Jan
16
17
47/a Jan
13% Feb
Jan
3
32% Jan
Jan
3
53% Jan 16
Jan
2
92
Jan
...
7
Jan
5
45
14
43J/8 Aug
26%..Jan
17
27% July
30% July
27% Feb
TOO
Oct
Jan 25
^41
Jan
15-
106% Jan 21
5
72
106
Jan 19
Jan
3
Jan 21
Jan
30%-'Jan
64% Jan
14;
18
3iy8 Aug
44% Jan* 9 ^>37% May
.
3
Jan
Jan
;
Jan 18
Jan 11
Jan 16
52%*Jan 18
64
Jan
101% Aug
31%
-
102
Jan; 7 «
31% Jan 17
43% Jan ; 0 ;
18% Jan 24
7
95
8% Jan
Jan 24
11%
26%
19
100 •
Jan
9
Jan 16
Jan 15
Jan 10
20y2 Jan
9
7
83%
.
Jan
30
Jan
6% Mar
.
>
16% Mar
10% Jan
;
13% Jan
128
36% Jap
50% Jan
,
3
3
:
Jan
26% Jan
34y4 Jan 24
10% Jan
2
21% Jan
3
16% Jan 3
99% Jan 17
Jan
87y2 Jan
21%
—
Jan
40% Jan 14
22% Jan
55% Jan 24 ;
40%
Jan
38
Jan
Jan
98
Jan
9
Jan 17
Jan 24
Jan 24 v!
79% Jan
.
Deo
Jan
l9y4Jan
B
^ Jan-
Jan
Jan
3
Jan
7
88
Jan' 14
x33% Jan 17
Vo*
Jan.,
Apr
23% Mar
ll8y2Jan
70y2 Jan 25
-
May
101
50
Jarr 7
53% Jan
31% Jah 15
32% Jan
35% Jan '3
39
Jan
35
JaS"~3 -—-3ft.yijran
105%
45
98'/s
28%
37%
15y8
9
24
84 y2
Jan 10
Jan
Mar
30%„Jan
112% Jan 14
7
;
•
118
Oct
14% Aug
24% Jan
20
87% Jan 15
40% Jan 17
2
Oct
Mar
29% Apr
-
15% Jan 13
41% Jan 25
112% Jan
.
13
32% Jan 22
115% Jan; 4
110
Jan 23
117% Jan 10
-
Sep
8% Jan
*
34
Jan
9
46% Jan 16
36
Aug
19
9 i*
9
1
61% Mar
16
Jan
14
Jan
7*
33% Jan
3
87
Jan 14
;
105
15
2
Jan
Jan
35 y4 Jan
3
42% Jan ll
112
pfd-—109'
—^
90%
24%
18
42
;
par"''
No
44l/4 Jan
3
14
29
——19
'Del)—
12
18% Jan
Worthington P ft M (Del)
No par S
Prior pfd 4% % series
—100' *
,: Prior pfd 4% % Conv. series—100
Wright Aeronautical-^-No par*
Wrialev >Wm>
16 ;
Jan
48% May
86% Mar
18
Jan
Jan
30
Woodward iron Co——19>';>
Woolworth (FW) Co—
10
!
900
58%
*92%
Co
Jan
103%, Jan
31
Jan
45
Jan
,
Motors—*——1
Wisconsin El Pow Co 6%
-
'54%'.
*94%
Wilson-Jones
"
110
;110
Jan
13>/4Jan
5
No par-
81% Jan 25
2
16
Jan
33 Va Apr
,
Jan
Jan
Mar
32
24% Jan 10
Jan
13
- preferred——No
parpreferred
———29■
preferred—No
13
.
102
conv
$4/25
15
2
Air Lines,
Wilson & Co Inc——
21%
12
Jan
5
;
A^-No-par
—
9
Jan
Jan
25
109'
Wilcox Oil Co
Willys-Overland
:
600
39
52
-.
Prior
4,700
18
—
$4
200
23% Aug
80% Jan
Wheeling ft Lake Erie Ry—
109
5% % conv preferred——-10O'
Wheeling Steel Corp—
-No par
$5 conv prior pref—i——No par
White Dental Mfg <Th6 8 S>—
20
White Motor Co———1
White Sewing Mach Corp—.——1 '
360
34%
99%
*36
;
7,000
25
*99 y8
*139%.;
"
4,300
10%
;
.
120
10
Jan 22
—
-
Nov
50% Jan
CIaS, S:"±=K—No pair
Westinghouse Air ®FaSK^rs»NO:
Westinghouse Electric Corp-——50Preferred
—12%>
43
Weston, Elec Instruments-—12.59^. 42'
Westvaco DhlorineProd——No.Paf" •,
39J/2
$3.75 preferred
No par
103%
.
Dec
200
54
2
57 % Jan 22
91% Jan . 7
65
94
7-
82
Jan 25
20% Jan
4
34% Jan 25
95
Jan
4
98
91
Jan
18
*
79
80
Jan
75
Jan
69% Mar
13
Jan
Co—.'f
fork Corp!_
X
—No par
Youngstown Sheet ft Tube—No par
Youngstown 8teel Door
No par
Young Sprthg ft Wire.
41%
11%
42
11% *
•Bid
40% -42
11%, 11%-.
and asked
40%.
41
41.
4l%r
11%
11%.
11%.
11%.
prices; no sales
on
this
-
' 41%
Uh receivership.
11%
%
41%
/
121/4. .;
'
40
40%
12-^12% .;
Deferred delivery,
q New Stock
4,200'
19,306
r
Eeztith
Cub sale.
•
Jhtf'
Radio
Zonlte prodocti
-
Corp—;
Special sales,
Jari" 3
42% JaiPl5~"': 34% July.
10% Jan; 3 >; 12% Jan H 5'; 5%; Jan
39
wd When distributed.
x-Ex-dividends
Dec
25
23
4
VDec
9
110
5
75
18
39
108%
Preferred; series Ai————-100'
32
34% Jan
:
25
75%. Jan
'178
Mar
Mar
iT^OO-^Wea^rn Uhion Teleg class A-Nopar':
*105%'106%
-
*70%
75
*104% 107%
51%- 51%
75
107%
24%
17%
,
200
105%. 106
49% Jan
Dec
,52
Mar
Tobacco.Inc——1——5
Inc——1
Western Auto Supply Co——10
Western Maryland Ry———100
4% non-cum 2nd preferred—100Western Pacific RR; Co •com—No par/
1,300
;
'
41
50
"
ST ''
Western
Jan
Dec
121% Dec
Jan
120
West^Va Pulp ft Pap Co——No par'
44 y4
38
43%
44V4.
44
-44%
195
3
Jan
8%
Jan
r
145
_5
*6?0'prefefr6d
10
Dec
16%
.
5%. Jan
39
5
preferred—
——108
6^ preferred—-———100'
West Penn Power 4% % Did—-100
44%
v
110% Jan
2
16
16
18
7%
i":^80 *
Jan
Jan
,-100,
Corpji
West Penn Electric class
60
"30'
*30
38%
38
44
32
52
3
Jan
15
10% Jan 24
Jan
Wesson. Oil & Snowdrift—No par- > $4 conv preferred———No par; >
West Indlee Sugar Corp——2
160
58%
50%
,
26% Jan
•
175
new—
Petroleum
Webster
>
-
18,400
51% ,'52%
*29%
^
'1
12% .12%
.
Jan
20% Jan 23^-.-4% Jan
Jan 24 ^
98Va Jan
165
Wayne-Pump Co————————1;
200
33%
,
Warren
:
110
40"
114
?
32%
49 y4
33%
5,200
116
*57%
?
.50% rsi>
*30 i
10%
92
92
*32%
13;
—*&2%—£3
37%
*105%
98%
31
41%
17%
>40
49
*30%
58%;:
12%
32
,
*70%
75
33%
57%.
106%. 106%
• '
105%
49
32%
50%
44
40%
105%
114
51%
36%
43%
106%
38%
•39%
40
113
4
V
85%
*128
5
,
4,400
.
38%:. 38%
43%
40%
i
90%
*30
;
14%
114%; 114%
118
24
'
:
18
1
5%% preferred ——i——100
Warner Sroa Pictures——
5
Warren Fdy to Pipe—l^.^No par
900
87%
116
3T~"
51%
90%
50%
i,
37%
Ward Baking Co
1,400
110% 110%
•118
118%
31%
58%
*30
44
43
*105%
v
9% Jan
3
Jan
1,100
Washington Gas Lt Go—No par
1,100 ; ;. Waukesha Motor Co—————9
f
j,
46%
14%
113
39
32 %
87
110%
113
■
50% Dec
Jan
<Hlram) G & W
No par
Dlv redeem preferred——No par
Walwortn Co—
—i!—-No par
400
40% :-.4i% v
•
^4L%^12%_
32
46
39
118
38
58%
30 •
53%
91%
.
110
118%
*112%; 114;
61%
11%':
11%
30
50%
38%
113
31
61%
4
117% 117%
.
;1.12% (J
32 Vi
"
87%
117%
*118
>
32%
19%^;
31%'
39%
38 y8
114
110% .110%
.
tJ
*45
15%
38%
*86
117%
116%
112
14%
.
*113%
*113% 114
112
38
87%
*86
87%
•
Nov
Sep
175
.
20,200
y2' 46 y2
19
39%
31% ; 32
47
'
32
46
.165
Walker
420 v
45
*46
14%14%
14%~T4%
37%
"
'
'
*86%
34%
34%.,-;
*31
32%
45%
34
34
33%
23% Aug
14
39% Jan
par * '
preferred——
17,700
3,000
105%
47%
19%
30%
31'/4
19
14
105
32%
.47
30%
104%
14%
105%
47%
19 y8
33%
32%
14%
104%
•
14
47% Jan
Wabash RR 4%% preferred
100
Waldorf System———No par
Walgreen
Oct
29% Jan
.
———100
—
89
Dec
52% Jan
Jan
80
77%
Jan
Oct
Oct
176
Jan
72
9% Jan 24
77%"UgAy 5*^89—;Jan 25
"120
Jan 25 '
122
Jan* 2
_100
1,300
,
■
14%
*104
pref—
$5
2,100
.§
41%
*108%
20%
14
13%
T4y4
14
80%
18%
80%
18%
41 y2
108%
109
112%
80%
18
*41
is y2
41%.
*108
Preferred
-r-
79%
18%
Pow
Vulcan Detinnlng Co——100
190
41%
&
Jan
52
:
.
4
Jan
—
200
v
*172
r
49%
El
144%
-
15
Dec
73%
8
22% Jan 17
Va Iron Coal it Coke 5% pfd
100
Virginian Ry Co
29
6% preferred
—25
*80
25
Dec
7%
Jan '.
Nov
19
39
48%
2% Mar
51%
160
30
Viqftor'-Chremical .Works——_5
Va-Carolina Chemical"*-!—NOrpar
6% dlv partic preferred———100
.
Dec
Nov
Jan
46% Jan
•
—10
'
1,100
9%
—No par
Vertigntes-Camaguey Sugar CO-6%
.
500
108%
*109%
42%
8%
$M$m -8%
5,400
57
67
27% Jun
10
Jun
Jan
Jan
.
46
Jan
43% Jan 22
51%
35
,
•»v.'
58%
3
32J/3
22%
Jan
:
11%
135%
22% Jan
51,
.
Jan
11
5
.
Jan
16% Dec
9%
.
Jan
18
.
—1
Dec
7%
Jan
8'/» Jan *3
49
Jan
8
Universal Leaf Tob———.
-No par
104% Jan 23
8% preferred
10ft &.188
Jan
3
Universal Pictures Co
Dec
39
Jan
—
47
Dec
12%
'■:■■■'?
93
7
'
Dec
55%
Jan
Dec
160
117% Jan
22 y4
"31%
3;
14% Jan
.
par
70 V2
'
'87% Jan 15
;
L.1
.No
15
78
22
7% Jan
i——1
Steel Corp.
11
181% Jan
.27% Jan
; 50
Jan
„
Jan
30% Mar
7
Jan 25
74% Jan 15
v
;
21
.
23
50% Jan
Jan
——1
Preferred
$ 164%'U04%
3
79% Jan
Jan
67% Jan 21
8
Jan
25 V
57
.
3
.154
par
—20
Ino:..
?
Jan
84
.
—:—;—8'-
Laboratories
Jan
173
.
.
$6 .conv. preferred——
.No par
24%,. 24%
:
Nov
6% Mar
12% Jan
.
/
71% Jan
;
100
non-cum
7
12
.
-50
-
United Stores class A
'•>
:
"5% Jan,* 5
.-.A65%.Jan
3
——10
—,
1.900
United
2
45
preferred.
——50
Smelting Ref & Mln
7%
10% Jan
60% Jan
Dec
34%
38y2
18
:.v
:
.No par
—
1st
non-cum
Preferred
80
2
4 52% Jan
115%
Jan
.' 50
40% Jan
13%-Jan
,
Jan
:'':13% Jan 25
:
-u—1
-
Jan
115
13?a
V
Jan
77
24
Jan
10
U 8 Steel Corp
Preferred
k"<
Jan
33
——20'
O 8 Rubber Co
51,900
1
i
J; 51 y«
51
%/-
U S
1
5
•
200
':-5
10
Plywood Corp
1U S Realty ft Impt_,
400
89%
155%
158%; 1591;
2,400
85%
87%
11
Jan
.No par
—1
cl A
D S
,
Jan
29
10% Jan./ 3
$ per there
77
199
;
Highest
t per share
22
.No par
.No par
J
U 8 Pipe &
Foundry—
tJ S Playing Card Co
-
.
$ per share
115% Jan
8
100
Preferred
700
share
Lowest
—5
preferred
conv
per
Year 1945
Highest
109'/a Jan
——50
U S Lines Co
3,800
66
,
.Partio &
,
3,000'
>
56
47 %
,v
*51%
„
conv
$
20
U 3 Industrial Chemicals
U S Leather Co
i
6,500
2,800
38,900
66
s
5%%
3,100
-
56
6
5%
13%
60
.Ml % Ml %
49
«
Lowest
U S Gypsum Co
7% preferred
U S Hoffman Mach Corp
1,100
.39,; 40%
17,.' ,17%
67%
*48
57%
12'A
56
*65
70
56%
11%
Range Since January 1
Par
20
■
31%
69%
Ranp©for Previous
STOCK
EXCHANGE
2.000
r-i
•
31%
70 •.
57%
11%
38%
16 •
57
•-
202
v' v
113%
32%
C
*
NEW YORK
Shares
112%
114
"■••32
the Week
per'share
200
114
i Sales for
,
Jan. >5
Jan.19
,
«
Friday
Saturday
y Ex-righta
^
>
''
Dec
48% Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
Bond Record «» New York
FRIDAY
0.
Treasury
3VaS.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
2s
Treasury
...
fc
104.18
104.20
104.24
©104.15
304.6
104.6
__
__
103.4
103.9
108.30
—
103.10
108.30
103.3
103.12
*107.21
107.23
*105.29 105.31
*109.26
109.28
106.25
1959-1962
106.25
102.1
1959-1962
102.8
102.14
102.24
102.12
*103.23
1948-1950
Dec 1948-1950
Jun 1949-1951
101.31
<102.22
*102.10
102.14
103,25
103.9
103.9
——Dec
1949-1951
1949-1951
_Marcb
1950-1952
*103.24
103.26
Sept
1950-1952
103.27
103.27
Sep
—
—
,1951-1953
—
..———1951-1955
1952-1954
103.24
*103.22
104.10 104.10
*104.14
104.25
104.16
104.16
1952-1954
.—.——1953-1955
...—June 15 1948
.1950
104.16
104.25
104.18
*107.23 107.25
'
—•
—
,
New
*103.15 103.17
*101.28
101.30
*102.4
102.6
City
pork
Issue—
67
Corporate Stock—..—
3%
63%
104.12
Mar
Transit Unification
613/4
63
—
--
110.10
105.25
104.5
.——1947
l%s_
1%8
65%
105.2
*104.22
'
2s
Treasury
High
107.18
104.12
1967-1972
Dec 15
"rroHSnrv
"105.23
105.2
-——-1954-1956
———1956-1959
_
.
6IV4
107.4
*110.8
.June 15
2s
Low
118.31
104.25
107
1952-1955
—
January 1
106.17
*107.16
1967-1972
1967-1972
————1951-1953
2s
Treasury
*
__
Sept
,,—Dec
Dec
*104.23
*106.15
—
———1965-1970
.,——1966-1971
June
Range Since
No.
116.16
*118.29
U63-1968
1964-1969
1964-1969
June
Bonds
*117.4,, 117.5
1956-1958
Dec.
u-
Sold
High
109.29
"116.14
1962-1967
Treasury 2s
Treasury
"109.27
1952-1954
June
,
Bid & Asked
Low
High
111.21
115.23
104:15
"1950-1952
2s—
Treasury
Sale Price
101
"104.13
—1960-1965
_
2s—
2s—
Treasury 2s—
Treasury 2s
Period
*60%
115.23
—1948
1949-1953
Treasury
Friday Week's Rang*
Last
or Friday's
.
Interest
Exchange
*60%
"111.19
—
Treasury
Low
No.
Stock
100.16
100.14
1956-1959
~
J
York
January 1
el01.2 el01.2
"108.29 108.31
1948-1951
1951-1954
M.
Range Since
%
*60%
1958-1963
2s—
Treasury
Sold
106.12
1951-1955
1955-1960
2%s.
2%s_
2%s.
2%s.
2Vas_
2Vis_
2'/2S_
2%s_
2%s,
2 Vis
2 Vis
2!/2s.
2%s
2Vis
PVis
2 Vis,
2Vis,
2%s_
2 Vis,
2Vis,
2 Vis,
2 Vis
2Vis_.
2Vis_
2s—
2s
Treasury
Treasury
New
BO NO
Bonds
High
101
'—1846-1948
2%s.
2%s.
Treasury
el01.2
1946-1949
1949-1952
3s—
Treasury
YEARLY
->
1946-1955
3%s.
Treasury 3s—
Bid & Asked
-
*106.10
1947-1951
3 Vis.
Treasury
Sale Pric?
Friday's
Stock Exchange
Low
4 Vis.
Treasury
Period
or
(ivmaaent
S.
Treasury
Last
Interest
Exchange
WEEKLY
Week's Ran?©
Friday
BOND B
York Stock
New
-
Monday, January 28, 1946
120%
123 Vi
Foreign Securities
Weriheim&co.
^
Members New York; Stock Exchange
Telephone
120
REclor 2-2300
Teletype
1
•
MY 1-1603
Broadway, 'New York
f
X112
3
Govt.A Municipal
Agricultural Mtge Bank (Colombia)—
^
Foreign
sink fund 6s
36
A
•
96,
101%
5
96
97%
External sec s f 7s 2d
(City) external 5s
103
103
101%
103
102
103%
101
103%
98
98%
9814
98%
98 Vi
99%
99%
107% 108%
.
106 Vi
108%
of 1927————1957
104% 105%
External g 4 Vis of 1828
1958
102% 103%
external 6 Via
External s f 6s
1949
107
External 5s
Belgium
\
——1955
(Int reduced to
s
105 y4
103%
8
—
105%
107
105%
—
A
Stamped pursuant to Plan
A External
103%
101
.1941
external 8s
lABrazil (U 8 of)
111 V
97%
107
106%
:
—1955
External s f 7s
1978
1957
3.6%),;
f b vis of 1926
Stamped pursuant to Plan A
(Int reduced to 3.375% )
1979
A External s f bVsS of 1927—_—1957
1
Stamped pursuant to Plan
(Int reduced to 3.375%)
'Central Ry)
A '
1979
—1952
A 7s
stamped pursuant to Plan A
»'i
(Int reduced to 3.5%)—w—.1978
;
-
5% funding bends of 1931
Stamped pursuant to Plan A
(int reduced to 3.375% )u
For Financial Institutions
:/
;
1979
FOREIGN
External $ bonds of 1944 (Plan B)—
J%s
8eries
o*4s
Series
1
2——
No.
No.
|£1*f;.3%s Series. No. 3—
3%8
3%s
Series
No.
Series
No.
Series
No.
7_.
j%s
8eries
Iio.
..
•
t
9
v
J -M P
8
3%s
Series
No.
Series
No.
10
3%s
Series
No.
Series
No.
12
..
& QO.INC.
rABL MABKS
—
FOREIGN SECURITIES SPECIALISTS
11
."»%.«
"t.
.
;
—
3%s
..•V
FIRM TRADING MARKETS
6
""•%£
—
—
5
3%s
SECURITIES
—
—.
4——.
8eries No.
,
—
—
'
50 Broad SL, New York 4, N. Y.
3%s Ser'ea No. 13
•
,%s
Series
No.s 14
*»%?
Series
No.
Ne
16.
Telephone HAnover 2-0050
15
spriea
Pe«.
page
——
1
4Q3
97%
100
£ External sec 8
AAntwerp
98%
13
—
series—1957
f 7s 3rd series—1957
1958
Argentine (National Government)—
8 1 external 4Vis.—-—
1948
S t conv loan 4Vis—
1971
8 I extl conv loan 4s Feb
1972
8 f extl conv loan 4s Apr—.—.1972
Australia iCommonw'lth) 5s of'25,1955
>
165
^83" " 99%
98%
.—1947
AGtd sink fund 6s
£—.1948
Akershus (King of Norway) 4s
1968
AAntloquia (Dept) coll 7s A,
1945
AExternal 8 t 7s series B——1945
A External s f 7s series C—
.1945
A External s f 7s series D
,.1943
A External s f 7s 1st series
1957
AGtd
xll2
162
8
5
? 108% 108%
112% 114%
18
■
Teletype N." Y. 1-97J
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
445?
Number
163
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING JANUARY,, 25
dealers, banks, institutions, lawyers, executors and
To
individuals,
offer
we
our
services for quotations on
OVER-THE-COUNTER SECURITIES
II. D. KNOX & CO.
27 State St., Boston 9
Telephone: Capitol 8950
Teletype: BS 169
11
Broadway, New York 4
Telephone: Digby 4-1388
Teletype: NY 1-86
ESTABLISHED
BONOS
Friday
'
New York Stock Exchange
f-New York 6
Bell
1926
Interest
Last
Period
Sale Frice
Week's Range
or
Friday's
Bid & Asked
Low
High
Bonds
Sold
No.
Assenting 4s
5 Low
IA Treasury
6s ot
AAssented to
2%
1942, agree
Amer
3s
_.195t
reduced
to
(City)
7s„
New Soutn
External
1952
BJxtfcrnal
Norway
(State; IAs—.—..—..;—....1957
f
•
(Kingdom ot)
External
fund
sinx
4s sink fund extl
103
103
101%
4%s___
103 % 103 %
101 Va
106% 107
106%
107
Stamped
103%
1963
loan.
-1963
Municipal Bunk extl s t 5s
Oslo «Clty> sink fund 4'/as-
—1070
1958
105
106%
105
106%
105
106
105
106%
.
(Int
reduced
'Rep oii
to
101% 101%
gold 6s.—
A4%s assented
A4 Vas
A
1940
Alegre (City of) 8s—1961
Stamped pursuant to Plan A
.
to
2006
•.
(Int reduced to 2.375%)
1598
135%
124
124
1995
125 Va
125 Va
101
Air
1946
Line
Ry—
...1963
106%
107
July 1952
1st cons 4s
109%
111%
114
115
—.1984
mortgage
4s
,
42%
44
37
........1948
38
Va
107 Va
105%
63
99% 100%
Sep 1 1946) due
—...
2000
Ref A gen ser F (int at 1% to
Sep 1 1946) due
.—1996
93%
96%
93%
95
^..Feb 11960
81%
83%
due
101 Va 102%
4s
2001
103
.
102%
28
104
103%
99 %
99
—^—1951
stamped—..
10334
101%
101
104
98%
Con1 ref ,4s—'———^-.-1.1951
102%
102%
*
,
41'
101
'99%
6%s..—1953
sec
Beech Creek Extension 1st 3%s
Stamped
pursuant to Plan A
(Int reduced to 2% >—2012
Rio Grande do sul
2*% a
1961
.1st mtge 4s serlea RR—, ——1980
Ainc mtge 4Vis set A.——July 1970
t A Boston ANY Air L 1st 4s—.-1958
Bklyn Edison cons M 3%s—..—..i960
Bklyix Onion EI 1st fiold 5s.v—-193°
Bklyn Union Gas 6s series A.——1947
Gen mtge s f 3%S
.1969
4s s f debentures.
-—-.-1969
Buffalo Rochester & Pgh Ry~r
modified
(interest at
Stamped
3% to May 1, 1947) due.:
1957
tBurlington Cedar- Rajy A Nor—
1926 ——1966
.
*
to 2.29% >..4-2006
«ar»ta Fr external stoic. tuna 4s.—19«4
—
8s-i-wl——1952
Stamped pursuant to Plan A
(Int reduced to 2.375% L...2001
A6Vjjs extl secured a f.
4-.*—195?
Stamped pursuant to Plan* A • (int, reduced to 2% >1.4.1.2013
..1952
——1955
.
Consolidated
k
,
<uf4 deposit...—*——
Bush Terminal 1st 4s.
1936
Stamped pursuant, to Plan A'
—-.1934
5 A 1st A coll 63——
A Certificates
8s
104%
108
5s
^.1960
Bush Term Bldgs Ss
(Int reduced'to 2.5%')-.41441999-
-
102
102
115
(-104% 105
107% 108
101%
103
79%
__
105%
__
81 Va
76%
146
106
81
75%
82%
15
105%
105%
"7
106
106 Va
10
82
•
:
„
106
lOG'/a
107
107;
107
106%
106*4 106Va
54%
100 % *103 %
106
105% 105%
*106%"
2
22
107
102% 103%
79 Va
80Va
V'Vi'X:
102% 105
107% 108
106% 106%
13
106% 106%
*106
1st gold 4%s series JJ
Stamped pursuant *o Plan A-; • (Int reduced to 2.25%)....2004
'47* municipal Joan.4—4—-.—1967'Stamped pursuant to Plan* A" •" ,
(State)
5
■
mtge; 2%s ser I
1970
Bosrou Si Maine 1st 5s A C—.. .1967
1st M 5s series H—............1955
pursuant to Plan A
(Int reduced to 2% )T——4.-201B
(City)
130%
101%
131 Va
2
debentures.....,^...—*...1956
Cons
Stamped
(Int reduced
3
Bethlehem Steel Corp—
Stamped pursuant to Plan A "
.(Int teduced" to 2.5% )—.41999
A6S external sink fund
gold—:._1968
A 7* external loan of
1951
Bell Telephone of Pa 5s series C—1960
Beneficial Indus Loan v2%s—1950
(State of)—
A 8k extl loan Of 1921—.—,.1940
A8s external
106 Va
131%
1995
4s
Bangor A Aroostook RR—
Stumped pursuant to Plan A
Paulo
104%
Pgh L E & W Va System—
4
*
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3%%
to Jan 1 1947) due
1950
Toledo CinDiv ref 4a A..—.^--1959
Plan'A
2.25%)
Queensland (State) extl 6s——.1947
AR10 oe Janeiro (City of: 8s—4.1946
lASan
106%
1975
due
Charlotte
AConv
AFrague (City ol Greater* 7%s—1952
Paulo
102
*
( Int reduced to 2.375% >.^.—2001
A External loan 7%s.^%_.i.wi.—1966
IA San
100
105%
100
Ref Si gen ser D (int at 1 % to
A Porto
AExternal
•
Ref & gen ser C (Int at 1%%
to Dec 1 1946) due-i—^.1995
1968
to
,
92%
Ref & gen ser A (int at 1% to
Dec I 1946) due—
1998
...—1958
assented
reduced
105%
106 %
92%
.
External sink fund gold 8S—1950
A4%s assented.
——1963
tint
105%
1st mtge gold 49
July 1948
Stamped, modified bonds—.
t
1st mtge gold (int at 4% to
r
Oct 1 1946) due
.—July 1948
t 7s.—.—1947
Stamped pursuant
106%
103 %
105% 106%
*92% 95
106%
Baltimore & Ohio RR—
1959
loan extl s f 6s 1st .ier_—1960
A Nat Loan extl-sf «a 2dser—1961
s
153%
106%
103 %
1967
.
2.125% >—2008
(Rep of)
147%
103
(105%106%
7s—.1947
external 7s
AStabllization loan
148% 151%
106%-
Atlantic & Danville Ry 1st 4s._—.1948
ANat
JAPoland
IHah
100*4
108%
105*4 106%
106%
1998
...
General unified 4%s A.
Stamped pursuant to Plan A
A Peru
....196';
1st mortgage 3%s——..4
(Rep) extl s f 5s ser A.1963
AStamped assented 5s.
1963
.-1994
Stamp mod 3%s ext to—
(State of I
Low
100%
107%
3
104%: 5103% 104>4
/.
1969
...
4s
Atlantic Coast
*100:
*101% 103%
1&
Atlanta
A Pa nama
Ext sec ref 3 Vas series B
January 1
Sold
107 Va 108
.
151 Vn
3s—.4-"-*—1962
Atl Knox & Nor 1st gold 5s
Second
APernamhuco
deb
Adjustment gold
103
1956
4%e~,
Tobacco Co
debentures
Atchison Topeka & Santa Fe—
General 4s.„.—.
1958
5s..—-—....
108
—.1975
(Subordinated)
Wales
s
Range Since
Bonds
(111)—
1st mtge 3 Vis series E4.-4—1964
4%s cum income debs
JOfifl
,
debentures
Ann Arbor 1st gold 4s
2.125%)—2008
A6s aerie* A
■
NO,
High
Armour & Co
—^1959
Stamped pursuant to Plan A
tint
Bid & Asked
100'A 100%
.2030
A Anglo-Chilean Nitrate deb
Stamped pursuant to Plan A
(Int reduced to 2.125% )___2008
AMontevideo
Foreign Pow deb 5s
3's conv debentures—.—.., —...1958
2%s debentures
—.4—1980
1933
(Siatej—•
external si OVis..
A Sec external s t 6V2s—
Week's Range
Last 35 or Friday's
Sale Price
American Telephone & Telegraph Co.—
..1943
1942, agree
5,
Friday
•|:i;
Low
Am &
1942, agree
1913 assent
Nov.
Interest
Period
Mlnas uerues
a Sec
v
.
Excitant*
High
—1954
A Assented
to Nov. 5,
Assenting 4s oi 1910.
a Assented
to Nov. 5,
a
York Stock
Alleghany & West 1st gtd 4s——1998
1904
oJ
New
January 1
Mexico— (Continued)—
A
BONDS
Range Since
Teletype—ny 1-310
106*/* 107
3
v ;
106
14
106%
56%
*47
60
*103
105
98
99*2
U05Va 105%
.1—1.1950
-
Stamped pursuant to Plan A
(Int reduced to 2.5% )—14.1999
A7r extl water loan™
....1956
Stamped pursuant to Plan A"
*
'
(Int reduced to 2 25% >—2004
dollar Joan..
1.1968
A 6s extl
Stamped pursuant to Plan A
(Int reduced to
.
IA Secured
f
s
2%).
; '
Canada
(Int
reduced
to
secured
A 7s
series B sec extl
A Silesia
(Prov of)
1962
.—1962
extl
7s———1958
n.4%8 assented——.
Sydney
a
<City 1 s f 5%s
iRepubllci extl 8s_
AExternal sink fund
AExternal
sink
fund
fl^Carolina Central 1st gt6 48-^*^1949
Certificates of deposit——:
—
.....1958
1955
Uruguay
6s—
Carolina Clinch
1960
Cart «fe
—1964
extl conv
1984
v
120 Va
12378 124
122
116% 117%-
116%'117%
118
117%
118
122
122%:
121
122%
115
115%
114%
115%
102 ft
102 ft
102 ft
102%
108% 114'/a
113% U4%
*102
•
107%
89
105 y%
90 Va
Afb-1 A5s
1959
1959
AChatt Div pur money gold 4s—1951
AMobile Div 1st gold 6s...—.—1946
A Ref &
'
.—1958
5s series C
gen
series
A
stamped
1953
Express coll tr gold 4s__1948
/ Coll trust 4s of 1907
.1
..1947
V 10-year deb 4'4s stamped
1946
Alabama
Great
Alabama
Power
Southern
1st
mtge
3%s_—1967
3%s.
1972
Albany Perfor Wrap Pap 6s_—4—.J948
.•'•-'6s
with
Albany
warrants
assented.:
Susquehanna RR 3%s
105%
107%
105
105
103 3 a
103%
101 %
101%
105%
105%
108
108
4%s_:
—
A5s
A4s
Eng
New
registered
registered
Central N
Y
Power
Central Pacific
Guaranteed
1946
1st &,ref
(4%%
1987
—
1987
4s__
AGeneral
,.1948
1975
1961
1987
1st gtd 4s
JACentral of N J gen gold 5s
fACent
v
Gen" mtge
90*4
94
23%
80
25%
23
25
76
76
38%
39
78
108
Central Illinois Light 3Vas_—1966
-
Adams
107%
106%
100 % 101 %
"Railroad and Industrial Companies:
tAbitlbi Power A Paper—
124
118
122% 122%
*122% 123 Va
1981
A Ref & gen 5%s series B—
external 7s——1958
A4%s assented.
107%
118%
,
1978
3%s extl readjustment
I
108%
107%
3s" debs___——.1965
ACent Branch: U P 1st gold 4&....1948
tCenVrat of Georgia Ry—
;
A 1st mtge Ss—
—Nov 1945
i AConsol gold 5s
—1945
..1978
4-4jA-4V2S extl readjustment
iClty)
108 Va
120'% 120 %
& Ohio 4s__—.—.1963
Adlr 1st etd gold 4s_.
Celanese Corp
External- conversion.......... 1979
A Warsaw
109%
107% 107%
*107
1946
6s——
4 3%s-4-4%% ($ bonds of 1937)—
External readjustment......,.., 1979
3%-4%-4A
1974-.
gtd 5s A—1962
Guaranteed
(Kingdom)—
external...
cons
National gold 4V2S—
Canadian
3.5% )—1978
Slovenes
at
A 8s
3%s———1968
Power 3 VaSi—
Soucnern
1957
gold 5s——Oct 1969
Guaranteed gold 5s—.....—-1970
Guaranieed gold 4%s—'.
^__1955
Guaranteed gold 4*/26.^.^.
1956
Guaranteed gold 4%s—
1951
Canadian Northern Ry deb 6%8—1946
Can Pac Ry 4% deb stk perpetual—
2012
76—.—.—.—1940
Stamped pursuant to Plan A
Serbs Croats
Power
Elec
California
Calif Oregon
——.
100%
104*4
44%
61%
500
423».
60Va
144
\
-w—--—198'
3s__._--l97^
/ 22
:r
1st rel gtd gold 4s-1949
gold: 5s————1960
•
•
.
.,-1.
1949)——..1974
33
39%
%/V52
12
series A:
to Aug 1
108%
2
435
56
52
107%
■;
108*4
108%
110
105%
106 V*
the Commercial & financial chronicle
Monday, January 28, 1946
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING JANUARY 25
•"•'X;
Week's Range
Friday
BONOS
New York Stock
Interest
Last
Period
Exchange
Sale Price
Low
§ A Central RR & Banking Co—
5s stamp (partial
redemption>__1942
Champion Paper ft Fibre deb 3s
1965
unesapeajce ft Ohio Ry—
General gold 4%s
Rel
ft
impt mtge 3%s D
impt M 3%s series E
Ref &
Potts Creek Br 1st 4s..
R ft
A
Div
1st
2d consol
cons
Low
\
48 %
103%
144
145
22
107'A
14
jp
♦101
48
,
mast Tenn Va ft Ga Div 1st
♦125'A
'
.Range Since
January 1
; $o{d
K
>Low
120%
9
High
121%
102%
No.
120%'121%
•
106% 106%
M-S.
**X.
106%
102 V2
106%
120%
117%
120 Va
100%
102
♦102%
a-O ;
120%
119
A-O
♦118
Gei,
116'A
118% 118%
•
J-J
100%
J-J
102%
75%
99
mtge 3'As
E
mtge 3 Vis
ser F»..
J-J
cons
mtge 3Vas
2s ser
ser
G
J-J
1st cons
ser
105%
104
104
;
103
..108%
104
105%
1W-S
Ohio Dly 1st mtge. 3%sXX
86 Va
*105
98
111
99% 103
A-O
cons
1st
106Va
■
cons
1st
118%
105
106'/a
Xst
117'A
117%
J-
jntge Inc 4%s series A_,
39
100% 100%
Irie Railroad Co—•
1985
1st mtge 3%s ser B
El Paso ft S W 1st 5s
5s stampedxz—
"
121%
J-D
Empire Gas ft Fuel 3 % s~
1997 %
(conv)».
;
.■>
117'A 117 &
105
U-N
Bonds
"
High
4-J
ElgX Jvliet ft East Ry d %S.X
107'A $
107%
64
>__1935
or.Friday's
Bid ft Asked
■
X
60%
$
1977
mtge 3%s
Chicago & Eastern 111 RR—
106 %
106y2
5s.
Ed El Hi (NY) 1st cons gold 5s.
Eto* Auto-Lite 2%s debsxX*-
-
—
♦128'/a —
>1989
'
-
''
Sale Price
Period
Low
103%
4
Week's Range
Last.-,'
Interest
Sioeif Exchani#
High
5
1989
ref
inc
New York
January 1
X
107
1946
....
gold 4s
gold 4s
mtge
v
1996
1st ft ref 4%s series B_
A Gen
High
1996
-
ref 3s
1949
cnicttgo jtmrhngcon ft Quincy Rtt—
General 4s
;
_1958
ft
No.
144% 145
106% 107%
JACLicago ft Alton RR
1st
Range Since
Sold
-
1992
Friday
BONDS
Bonds
Friday's
or
Bid & Asked
:61.
.
.
103%
..
102%
10
'
105%
104
■
...
v:T
M-S'
I-
♦106
V-X
101%
Chicago ft Erie 1st gold 5s_—:
1982
Chicago Gt West 1st 4s series AX-1988
AGen inc mtge 4%s—
1Chicago Ind
ARefunduig
ARefunding
A
Refunding
A 1st
A
&
2038
Louisville
ft
4s series C
1947
5s series A
gen
A 1st
J-J
2019
1st mtge 3s
105%
*
J-J
91%
93%
445
J-J
94%
93%' 94%
434
Gas ft Elec of Berg Co cons 5s
1949
General Realty & Utilities Corp—
ser-B__XXXx^Xil989
Railways 1st Ss scpd
partial redemption
1927
IChicago Rock Island ft Pacific Ry—
deposit—-X—X
*101%
!ARefunding gold 4s
1934
JASecured 4Via series AX---X-1952
AConv gold 4%s—.
—I960
Chicago St L ft New Orleans 5s
67 Va
i
34'/a
106%
'
P,X..«. 1963
J*/
1963
1962
1st ft ref 4V»s series D
'
J-J
M-S
t§AChilds Co deb 5s part paid—1943
A-O
§ADebentures 5s part paid—>—>1957
tAChoctaw Ok ft Gulf cons 5s
.1952
Cine Gas. & Elec '1st mtge 2%s——1975
A-O
\%Si^
Jiff's
Af-N
'
♦58%
.
14
106%
59%
Union
y
;»Ta v
v''
...
h-Ax 1
>\f\f
r
mtge gtd 3%s series E
F-k: "
1969
112
107%
J-J
107%
mtge
J-J
60
106 %
mtge
J-J
107%
107 % 108
6
107 Va
108
J-J
106%
106 Va 107
48
105%
107
J-J
Feb
105%
105% 105%
62
104% 105 Va
mtge 3VeS
ser
K
Greyhound Corp 3s
106%
Gulf Mobile ft Ohio 4s series B
Gen mtge inc 5s series A
A Debentures
59%
56%X59%
97'/a
103% 106%
ctfs
B
—1959
30
«
106% 107%
♦80
Feb
:
debs—
90
16%
109
—
17%
31
16%
17%
Va 104%
♦106
106%
20
103%
104%
XX
105%
104
A-O
1973
J-J
2015
J-J
102% 103
A-O
104
R-N
108% 108%
1st & ref 3% s series DXX««-*il969f'
Gulf States Utll 3%» series D
1969
88 Va
102%
106%
103
5
103
104
6
108%
108%
7
140'/a
19
104
'
S':. ;jt
'
•
X.7'8
;X112
I;
112
Hocking Valley Ry 1st 4Vis
1977
97%
St L Div 1st
coll tr gold 4s
98%
1990
J-J
Coal
1962
J-D
Co Gas 1st gold 5s
ft Manhattan 1st 5s A
1949
U-N
1957
F-A
Feb 1957
A-O
Hudson
1st
s
f 5s series A-
AAdj Income 5s
105'A 105'/a
1970
•
M-N
1970
Hudson
89%: 91%
1937
Hudson
p
199*
tSAfiousatonic Ry cons gold 5s
Household Finance Corp 2%s
*iioi%xX;
1991
Cleveland Elec Ilium 3s
1st s f 5s series B gtd
1st s f 4%s series C-™Colorado & Southern Ry.—
4%s (stamped modified)—.
Columbia Gas & Elec deb 5s—.
1st gold 4s
108% 110
107
108
1st
111 % 111%
1st mtge 3s series X.——1977
Conn Ry & L 1st ft ref 4%s
1951
F-A
Conn River Power
136%
F-A
v
1 3%s A
s
'
debentures.
3%s
1956
A-O
1958
J-J
.
108%
V" -V 6
105% 106
102
103
;'X 49
103 %
103% 104
24
103%
10534
105
5
104%
105
106%
r
A Debenture
1954
J-J
4s.*X—X——>1953
4sXiXX.XXiXii.1958
A Debenture
Consumers
4s
Power
1st
J-J
2%s__1975
x
,
~
3s debs
1965
J-J
1955
J-D
lACuba Northern Ry 1st 5%s
1942
A Deposit
receipts—r—,
ACuba RR 1st 5s gold.XiXXXl952
■75
J-D
Continental Baking
Crucible Steel 3%s
A Deposit
A7V2s
.A 6s
f debs—
,
,
deposit rets—
Curtis Publishing Co 3s deb
7- .r'-:X.'.
O;-'
*
_
.
:.v :.'X
'
J-J
£
■!■V;/' ,X
.
1946
'•
A-O
.
101%
•
19
;
.
47
?■ ft'
1
/
division
L
v:
35
;;
50'/a
50%
M-N
1955
M-N
105%
104'%'
105 Va
105'A 105 Va
104%
105%
100 y4
64
69%: 71%
66
X—
Va
*77 Va
<
72%
79
82.
17%
17
18%
423
15
18%
75
A-O
73
75
111
63
75
M-S
ref
mtge 3%s series G„>1968
Gen
ft
ref
3s
series H
i...
;
A-O
ft
1970
<;
*
107
♦108%
>>
J-D
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s>
1993
Detroit Term ft Tunnel 4%s
1961
J-D
Dul Miss ft Iron Range
Ry 3%s
{5ADU Sou Shore & Atl gold 5s
For
footnotes
see
104
102%
101% 102%
28
101
102 Va
106
105% 106
5
105%
107 Va
159
93%
96 Va
J-J
♦
F-A
101% 101%
15
1951
J-J
101% 101%
2
101
102
r1951
J-J
105
18
104
105
J-J
♦103
105%
106 V4
1st
gold 3s
F-A
93 Va
95%
-
-
—
95%
--
104 Va
103
—
105
*105%
—
♦104% 106
1st
ref 5s
series A
—a
1963
1963
97
♦
98'A
93 V»
4s ser D
1st
94
105 Va
__
♦»
6s series A-——X-.a:—;1952
5s
6s series A... July 1952
.——1956
.
series B_
116
♦111
106 Va 106%
94 Va
90 Va
51 Va
50
_J
84
88
84'/a
88
96
95
96'A
4%s>—1952
Debentures 5s
1955
95
52
Va
87 Va
103yV1031!
105 Va 105%
XX'
♦100
102
101% 102
105 Va
105
#
105 Va
James Frankl ft Clear 1st 4s.—...i959
Jones ft Laughlin Steel 3 V*s
1961
Kanawha ft Mich 1st gtd gold 4s„1990
Kansas City Fort Scott &
Mem Ry—
8 ARefunding gtd 4s
r
—1930
ACertificates of deposit————
Kansas City Southern Ry 1st 3s_.>1950
x.i$t mtge 4s ser-A—a-—aa——a-1975
page
488.
——
J-J
J-J
117%
A-O
1937
11
15
•
'
v.|
>;
.
9
■•
117% 117%
*-53
104%
49
106% 106%
"--'.'J
v
70
53
■r
53
104% 105
106%
J"-'--0? 109
„
68%
48%
Af-N
1962
::
107%
109% 109%
"•
J-D
196S
3%s
82'/a
♦81 'A
2%s>—>1974
Kentucky Central gold 4S
1987
Kentucky ft Ind Term 4VaS
.—'1961
Stamped X——1961
x
.Plain v .—————————1961
4%s unguaranteed
1961
Kings County El L ft P 6s
a
1997
Koppers Co 1st mtge 3s—X
1964
tAKreuger ft Toll 5s ctfs
1959
'109
167%
109
7-
109%
63 Va
70
45 3,8
•••',
49
20
117
117%
20
X;
106%
106%
^;.v 5
......
42
53
■
104%
54
105
Lake Sh ft Mich Sou gold 3%s
3%s registered
1997
1997
84'A
-
84
105% 106'A
104%
104% 104%
104% 104%
*120%
♦65 Va
♦
108 Va
*109%
♦
105 Va
X
69%
—
"
Xv
X-
*;>
187%
106
;
106
4%-
101%
_>
100% 102'A
Elansas City Terminal Ry
—1965
Gen
M
106%
102
101%
*108%; X
F-A
>>1978
series F
1st
104%
18
67 *■
-
103% 106 Va
43
1951
Div
A let gold :5s series C-XXa-2—a1956
S AInternat Hydro El deb 6s
—1944
|
::
•
Duauesne Light
26
104% 105
102% 102%
1043/4
♦102Vo
•
4s
104% 105%
.
105%
>1955
".
ARef & impt 5s series B_.
Detroit Edison
—
—
♦105% 111%
A Adjustment
106%
76
%
108
J-J
A 1st
101% 103 Va
*
f 5s
AAssented
J-J
1953
104%
J-D
A 1st
47%
49%
.
103
Delaware Power & Light 3s
1973
{Denver ft Rio Grande RR—
8 A 1st consol 4s
.^.—1936
§AConsol gold 4V2S
1936
{Denver ft Rio Grande Western RR—
45
—
'
86
105% 10,6%
♦103%
105 Va 105%
XMfly 12042J
37
F-A
Int Telep ft Teleg deb gold
1963
Delaware, Lack & West RR Co—
JNT Y, Lack & Western div \
>
1st & ref M 5s ser CXXXX1973
Income mtge due
1993
Morris 8s Essex
A-O
M-N
1952
Internal Paper 5s series A ft B—1947
Ref sink fund 6s "series A———.1955
Int Rys Cent Amer 1st 5s B
1973
1&65
80
♦65
—
2%s debs
riH--: Coll tr 4-6s
1952
—
103 Va
{International Great Northern RR—
50
86
44
v
5
'
51 Va
•
48
47
50%
46
***?, 1
101% 103
106%
'xx
75
„
♦103 Va
:>>—1963
gold 4s
1950
{AInd & Louisville 1st gtd 4s
1956
Indianapolis Union Ry 3%s ser B-1986
Inland Steel 1st mtge 3s series F
1961
103%
x•
86
19
♦
4%s—
1st ref mtge
-v.',
Delaware & Hudson 4s extended
s
61
50
86
107% 108
107%
♦105%
1955
3%s
1st ft ref 4%s series C
104%
103'/a
,
J-J
M-S
•;
lines
Ind 111 ft Iowa
107%
102%
15
♦48%
Dayton Pr ft Lt 1st mtge 2%s>—>1975
Dayton Union Ry 3%s series B—19C5
AGeneral
104%
36
103%
50
'•
75
XX&X X X'i X XX
-
Deere & Co
im
xx
"•>'•.;
J-D
193s
•
74%
67%
104%
49
J-D
67%
"
■:
33
♦59
,
B
5
1
;.r.
75
103 Va
;
103%
263
■5
>1966
Joint
75
104
104%
«:"S
-
45
111 Cent and Chic St L ft N O—
%
1063/4 107%
107%
•
receipts
j
deposit rets »>X—1946
t.
"A
ser
ser
s
M-S
.
67
5
74% 75
74%. 743/i
J-J
mtge
43%
xw
Springfield Div 1st gold 3%s>
1951
Western Lines 1st gold 4s
1951
■Registered ..aa.XXXXX.-XX*
103
•
{AConsol Ry non-cony deb
44 %
83
"x_
'
A-O
8t, Louis Div ft Term gold 3s
Gold 3%s
106
101%
—
t 169
Omaha
109%
105%
102%
..
80
"
Bridge gold 4s
1950
Litchfield Div 1st gold 3s
1951
Louisville Div ft Term gold 3%s_l953
140
■
A-O
debentures
32
.
131%
♦111
—
78
J-J
—
—.—>1948
debentures
3%s
327
108% 109%
-a_
Consolidated Edison of New York—
3%s
40-year
131% 140
J-.T
1961
80
xx I
J-J
Cairo
J-J
82%/;
1951
Collateral trust gold 4s
Refunding 5s
--
♦115
—>1938
80
31
80%
82
1951
Refunding 4s
1961
Purchased
Commonwealth Edison Co—
Conv debs 3%s>
103 Va
—1951
gold 3%s
gold 3s sterling
Collateral trust gold 4s
—1980
♦106%
102 Va
1003/4
...1951
—
1st gold 3%s
Extended 1st
,.
106% 107 Va
Columbus ft H V 1st extl gold 48—1948
Columbus & Sou Ohio El 3%s
1970
Columbus ft Tol 1st extl 4s
1953
100 %
24
I
Illinois Bell Telep 2%s series A—1981
Illinois Central Rlt—
115% 115%
1973
11
103%
103
w
♦106%
.1977
140 Va
101% 102%
102%
r
106 Va
♦106
140% 140%
J-J
108% 109 Va
Pittsburgh RR—
Series C 3 %s gtd——
——>1948
Series D 3%s gtd
1950
Cleve Short Line 1st gtd 4%s
1961
Cleve Union Term gtd 5%s——1973
;
1063/4
1960
109% 109%
107
107%
Cleveland ft
!•
110
109%
122
t
,
Ref & impt 4%s series E
Wab ft M Div 1st 4s
:■>.*i: ;
109%
J-J
111
45v«
112
1993
Cin
;•
2
—1977
3%s ser L,
1970
3%s ser M
1980
Gen mtge 3 %s ser< N>.»^.....^.1990
Gen mtge 3 Vas ser O—X—-.2000
AGreen Bay ft West deb ctfs A
96
56%
_
General 5s series B
Y
129 Va
'
1st
>
136%
127%
'
1st mtge 2%s ser G.
.X—»—1974
Cleve Cin Chic ft St Louis Ry—
General gold 4s
1993
.
136%
129
106
106% 106%
■
Terminal—
121%
2
9
129
108
15%
...
Cincinnati
12
129%
121% 121%
J-J
107
,
104%
—
„
136% 136%
J-J
J-J
104%
,
102%
104% 1043 4
♦102%
1973
110 %
106
m
>_
Gen
•
97%
-
■
.
M-N
J-D
—1976
ji
25?$
: :58%
58% V
X97%. 97%
•
B.—.^XXii952
;v•XX'a.vi
r
106%
106
A-O
II
Gen
106%
96
96
110% 110%
106
105%
88
'107% 108
*106%
"•'108
J-J
,
1952
X
X-V.
♦95
—
—.
15
:'X97 :,#97%
97%
=•)'
II
89
J-J
General 4%s series E
106
J-D
M-3
♦58
♦115
82%
154
88%
87
-,:X.
General 5s series C
101
5s«xi96G
1st mtge 2%s ser G
Chic ft West Indiana com 4s
s
90
105%
J-D
General 4%s series D
101
Dec 11960
Castings 5%s
General 6%s series
♦100
1951
ACertificates of deposit
Chicago Union Station—
.-
104
105
J-J
Gen
x'x
85
i
J-J
Steel
Great Northern Ry Co—
1951
Memphis Div 1st gold 4s—.
debs
1949
78
29%
inc
M-S
107'A 107'A
1951
3%s
—
-69 Va
76
conv
1969
Gen
100% 104 V2
1988
....
1st mtge 3VaS series
100
97
90
105
{AGeorgia & Ala Ry 5s
—Oct 11945
Certificates of deposit
:
{§ AGa Caro ft Nor 1st ext 6s—1934
'Certificates of deposit
i
t
Goodrich (B.F) Co. 1st mtge 2%s_1965
Grays Point Term 1st gtd 5s
1947
X;
♦106'/a 106%
J-J
;
A4s
25%
Income guaranteed 5s
8
90
294
104% 105 V2
.
93 Va
15 a Chicago
Chic T H ft Southeastern 1st
1956
101
85
89 Va
A
mtge conv tincome; 4%sXxl999
Gold
102
100
100%
1974
60
105% 105%
105%
•
J-J
Chicago ft North Western Ry—
of
105 %
♦50
1959
5s series A
-ACertificates of depositFrancisco Sugar coll trust 6s
>2044
ACertificates
105
.130
1958
Gen mtge 4%s inc series A
4 %s. conv inc series B__»»
AGeneral 4s
ft ref
10
105
♦105
♦102% 112
tFlorida East Coast 1st 4%s
$
Chic Milw St Paul ft pac RR—
1st mtge 4s ser.A-,_>>»-x»i>Ll994
2nd
105
1943
Certificates of deposit
1966
;
.>1961
{AFlorida Cent & Peninsular 5s
1st ft gen 6s series B»_»Mayl968
Chicago Ind ft Sou 50-year 4s
'
Firestone Tire ft Rub 3s deb
Ry—
6s ser A....i.XXxi947
gold 5s series B~_1947
4%
103 3/4
102
—
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4459
.Volume 163
YORK BOND RECORD
NEW
range for
Friday
BONDS
Interest
Stock Exchange
week:,ending January
•"
Week's Range
Last
Period
New York
Sale Price
.
Bonds
Friday's
or
v"
tow
Alstmtgeincoraereg...—i....„.JL978
*101%
8
104%
105%
..
f-a
■
'
;5s stamped.—;
.
—1964
1st & ref sink fund 58..-.——.-1974
5
100%
93%
95%
deb
101.%
«-ANon-conv
•—
95% *,
T.
.
f-a;
4s
*93
—
93
16.
.
94
93
3 Vis....
1947 P P
;
90%
58 J/a
64%
91
m-n
i
.
'
4s
88'/a
92%
tAN Y Out & West ref gold 4s
A General. 4s_.__.
.1....
51%
54;.
613
64%
66
m-n
59
||
71%
CO OO
72
86
N Y Queens El Lt & Pow 3y2s
N Y Steam
1
61%
62%
142
72
68%
90
m-n
,
=61%
a-o
91%
■
>:
1951
a-o
M-S
m-s
L
„
133%
■
_
5 A General
106%
107Va
a-o
m-s
1958
M-S
.
1960
110%
/
1st mtge At coll 4s ser B——1954
Manati Sugar 4S sink fund—.Feb 11957
AManila RR (Southern Lines) 4s
1959
M-lj
McCrory Stores deb 3J/4-
1955'
119
.
,
M-N
86%
M-S
"100%
M-N
& ref 5s^
J- J
107
107
M-S
95
.
J-J
104 >/4
J-J
80 Va
80 %
Mo Kansas & Texas
J-D
98
98
103
107%
107%
3
105%
107
19
110V4
111%
Oregon-Washington RR 3s
16
93%
J-J
ben; 4 %s series D———1978
J-J
Prior
101% 105
77%
81%
98
100%
34
101,
100 V*
228
iooy4
51
99
95%
77
91%
96%
97
adjust 5s seriOs A—.Jan 1967
ACum
99
94%
94%
96 Vi
1st to ref
—1965
5s series A—
A-0
113
F-A
100%
53
94
98%
354
AGeneral 4s——.1975
A
1st to ref 5s series F——1977
98% 101%:
104%
I
M-S
58
58J/4
101
62 V4.,"
102%
,58
£50
,457
98% 101% %
...
1978
M-N
5mjs-—^*-----—-.-1949
M-N
43%
A-O
101
98 Vi 101'/a
140
F-A
101
98% 101 %
297
ref
&
5s
AConv gold
series
G
Moh'k to Malone 1st gtd gold 4s—1991
F-A
J-J
Morrell (John) & Co 3s debs
39%
40%
M-S
Monongahela Ry 3V4s series B_.—1966
Montreal Tramways 5s ext
1951
> 98% 101%
100%
M-N
&
Essex
1958
1st
gtd 3Vis
2000
CohBtr- M 5s series. A——..—.—1955
Constr' M 4 Vis series B——1955
Morris
Mountain States T to T 3Vis
Mutual Fuel Gat 1st
1968
gtd 6s——1847
122;
V
101
101
-v
72
106
88
86
88
M-N
81%
80%
81 Va
J-D
100
I
131
101
103
I
74%
55
86
89%
52
79%
83%
~
109%
*__
N
Nash Chatt to St L 4s series A
1978
F-A
National
Steel
1st
mtge
3s
A-Q
M-N
Newark Consol Gas cons 5s...>—.1948
1945
J-J
102%
.—.1945
j-j
100%
15
103 '«
1952
—1961
gtd 4%s series B__
N J Junction RR gtd 1st 4s
1986
New Jersey P to L 1st mtge 3s._—1974
1st
New Orleans Great Nor 5s A
N
105 Va
107%
-
-
■
■'
12
99%- 103
13
100% 101
97%
101
•
111%
114%
6
125 »/4
126%
118
118
107%
108
1
118
US
.
'
*108%
-
-
'
-
"
j-j
j-j
1953
9
'
f-a
m-s
.1952
gtd 4s—
1131/a 114%
125i/4125'/4
—
J-J
107
107
1
107
107% 107%
108%
.:
■
107
108
1
107 Va
107%
107%
109
6
108 '/a 108%
gNew Orleans Te> as & Mexico Ry—
inc
5s
series A
ACertilicates
of
deposit—..——
j^Non-cum
..1935
A-O
A-0
.1958
F-A
1956
F-A
*81%
98
89
98
ACertificates
4Vis
of
;
N
Y Central RR 4s series
Ref
1954
.
&
4Vis series A
.2013
Ref to Impt 6s series C——2013
N YCent to Hud River 3 Vis.—1997
3Vis registered——^
——1997
impt
coll gold 3Vis
Shore
Lake
1998
•3Vis registered—._.^_..;...1998!
Mich Cent coll gold 3'/as.
.—.1998
3Vi8 registered—^_.____^__..1998
.
22
98%'100
mtge 3 %s series. D—..t—1975
Ref mtge 3Vis 6er E—-_......i980
.
Y Dock
1st
lien
ser.B
98%
97%
A-O
96%
95%
101V4
J-J
108%
j-jr
.
98%
96%
&
gold 4s
3 Vis series D__
ref
3y4s
series
1
E.
N Y Gas El Lt H to Pow gold 5s
*98
107
-•
97%'
97%
Y &
Mtge
93
91
F-A
96
91
2'
A-O
A-O
.1948
J-D
>> For
M-N
footnotes
see
page
488.
98%
102%
106%
109
96%
93
92%
M-N
138%
120
90
123%
115 %
88%
116
89
85%
84%
82
107
83% 83%
105% 107
47
105%* 107%
107%
107
23
11
107%
6
F-A
105
105
105%
149
105 Vi
106%
102%
105
42
102%
105V4
a
106%
107 y4
107% 108
105% 106
107v
107%
10
107%
104% 105%
A-O
-
105
107% 107%;
m-N
26%
J-J
108
M-S
108%
109
24%'
15
27
271
8
1071/4
1081/4
12
1011/2
104'%
1011/2
104%
108
•103% 104%
A-O
F-A
*100% 1031/4
*101%
s
f
101
100%
•
•
1011/a
94
'
101%
105%
..
101%
101%
4
107
100% 100»/4
16
109
4
'106%
J-J
*105
M-N
109
108%
109%
107%
1091%
1071/2
110%
1071/4
109%
.
89
,;.V55
105% 106%
*104
>
108
19
'
1091/3 110%
109% IO91/3
110%
.V
;
/.
104%
106%
105%
170;
105%:
..
105%
\j
•.
w ^
Jpptfp
M-N,
J-D
vA
A-O
.
106%
A-O
Pennsylvania Power to Light Co.—
1st mtge 3s——
.1975.-..
3s s f debentures—
——1965
111%
111%
105
117%
40
,117% 122
M-S
V;
4
9
W
109
109% 109%
108% 1091/4
J-D
.
1956
v
109 y8
m. 3 fl; 109 Va
109% 109 y*
J-D
debs_i^..il985
gold 4%s
.
si'-.
'
'
100% 100%
J-D
:
ser N—..—... 1977
2%s
& Tel
'
106% 107
107
J-D
.1979
Tel
fiV-'T-'-
V-
101 i/a 101'/a
J-D
mtge 3s
38
104% 104%
J-D
J-J
J-J
' A-O
Pennsylvania-Central. Airlines—. ■: ■
3%s conv inc debs...
....I960
Pennsylvania Co-—•
Gtd 4s series E trust ctfs«-w...1959
Pennsylvania Glass Sand 3 %s
I960
111*/*
111%
^ IS...
*..106
■
Pp1!
125%'
112%
,,w.V:;;
45
106
106%
33
106% 106%
105
105%
104
105 y4
Ilfi
Pennsylvania RR—
Consol gold 43^.
—.-1948
4s sterl stpd dollar.
..May 11948
Cons sinking fund 4yss....*——1960
General 4 y2s series A..-^--—1965
General; 5s Aeries
1968
General 4V4s series D„--.«..,-~. -1981
Gen mtge 4 y4s series EM........1984
Conv deb 3y4s...~~.-M««.^-.—.1952
.
106% 105%
16
106%
106% 106%
128 %
128
9
106%
106%
10
127
128%
126%
125% 126%
108
124%
126%
136
135
136
18
133%
136
129
129%
54
127%
129%
9
128%
130Va
106%
M-N
M-N
F-A
J-D
A-O
.
129% 130%
J-J
108 ya
105% 106M
106%
107
.
V
.V
107%, 109
105% 106%
169
Ma
108
108 %
A-O
Gen mtge
J-J
...^.1985
3y«s ser
Gas L & C ref 5s..—.....1947
Peoria & Eastern 4s ext.——.i960
5%s....l974
Pere Marquette Ry 3%s ser D
1980 •
Phila Bait & Wash 1st gold 4s—
General 5s series B—1974
; General gold 4%s series C
1977
Philadelphia Co coll tr 4y4s...
1961
Phila Electric 1st & ref 2%s....l971
1st & ret M 2%s...—--1967
1st and ref 2%s....————1974
PhUip Morris Ltd deh 3s-^-.
1962.
3s debentures
..——1963
tSAPhilippine Ry 1st s f 4s———1937
.
ACertificates
of
Phillips Petroleum 2%s debs
104%
106
107
.8'
92
106%
62
36
104%
105%
54
101%
F
3%s
6
'
103%
30
92
83
44
94
106% 106%
;i
r; 83
106% 106%
104% 105%
134
io4y4 105%
137
137
131
132
106% 1067/8
29
106%
108'/a
106'/a 106'/a
5
104%
105
106%
104% 106 y8
11
104'/a
106%
21
104%
106 J/a
132
106%
:
J-D
M-N
M-H
M-N>
5
132
*105 y4 106
22%
J-J
103 %
105%
105%
18
22
26
20%
21
27
104% 105%
12
105% 105
F-A
103
.
25
*19
---
106%
i'3
103% 103 Va
103%
M-S
1964
106%
77
*138%
J-J
.
104
105%
8
106
107
1965
1st mtge 4 %S series
M-N
;
1958
•
Pitts Young to Ash 1st 4s ser A—1948
1st gen 5s series B.
».__~_-1962
1st
gen 5s series C
1974
*st 4%s series D—^.—_..~..1977
'
j.Pittston Co 5% lnc deb—
1964
Potomac El Pwr 1st M 3%s.__—1966
1st mortgage 3
t A Providence
Terminal 4s
10
115%
Public Service El & Gas 3y4s
117 V
117 V
1st to ref mtge 3s_^——J-——1972
V 1st Ik ref mtge 5s..——~2037
90
94
97%" 100
•
;
>
1st to ref mtge 8s
—
.
^
2037 ;$#;
J-D
134%
136ya
138
16
107
100%
109
100%
100%
103
105%
106
105%
105%
109,
,
—
1021/4 103
166
.
1
'
■
'
u
U
1
100% 100%
1
98%
99%
991/4100
12
98%
1001/4
27
98%
iooye
99%
99%
105
105
1001/8
105
105
>>>/ 1
100
10
99
100'/4
7
106
106 Va
:
*125 ¥8
*127
*117%
100
99
106
106 V*
*113
'
^f-N,
; J-J
126 Va
133 y4
8
105% 105%
38
*108
M-S
J-J
1956
1968
115%
22
.
F-A
M-N
126 y2
6
136%
136% 138
105% 105%
J-D
J-J
J-J
>
y«s
^~.197?
g A Providence Securities 4s—......1957
.
102%
J-J
J-D
J-D
A-O
A-O
J-D
F-A
J-D
—1959
G..^—J....1960
2
135
*103%
J-D
-
;
.108
A-G
<, j
117%
„
126% 126%
%
138
M-N
■
117%
-_/>■
*125%;
136
J-D
A-O.
—
*115%
*114%
M-N \
F-A
F-A
,
—
*116%
J-^_
B..i——.1950
4%s series B—;
1st mtge 4%s series
*106
F-A
,
,
1st mtge 4%s......—1950
Pitts 8s W Va 1st 4%s series A
104%
17,
>*ll5%V__,,Vr
100
94
78
%
4s
debentures
Pitts Steel
104
P vi
i*llY%; 118%
100
92
83
F-A
guaranteed gold..i-1953
guaranteed——....1937
Series H cons guaranteed 4s_.—1960
Series 1 cons 4%s..—1963
Series J cons guaranteed 4%s__1964
Gen mtge 5s series A^.^...——1970
Gen mtge 5s series B^....M....1975
Gen mtge ?%s ser; E--.——1975
•Plttsb Coke & Chem 3[st mtge 3 yaS-1964
Pittsburgh Consolidation Coal—
BeriJs
107
m%-
93%- 94 M
93%
105%
M-3
deposit—
.106
*106
A-O
Apr
F-A v
Apr 1990
4s
Peoria & Pekin Union Ry
*,
M-S
Peoples
96
89
__
93%
138%
46
106
Panhandie East F L 3s BL^.^*-xl96(!
Patesson to Passaic G 4t E cons SSi.1949
98%
90
.
*107% 110%;
*110
V
J-J
1973
.104
*v_-
107;
M-N
1973
104
'104
F-A
2043
103
104
A-O
1966
104
J-J
i
95%
21
104% 105%;
F-A
1903
2043
series A
98
99
.
45
106% 107
J-D
137%
J-J
1974
1st mtgq
J-J
2000
Vis series B_
■
108
'
92
Harlem gold 3y2s
;, Mtge 4s series B
Y Lack & West 4s
100
100%
46
96
F-A
•
218
:
93
4s series A
N
95
97V4
506
98'
F-A
1975
Purchase money gold 4s———.—1949
N
95%
294
101%-101%
'108% 108%
F-A
.1951
1st
N Y Edison
89%
14
.
N Y Connecting RR 2Vis
N
98 Va
98
F-A.
A-O
63%
135%
''•■■■
New York Chicago to fit Louis—
Ref
92 J/4
,
A...—.1998
59 Va
4
M-S
Series G 4s
■
; r
65
J-J
Pittsburgh Cine Chi to St Louis—
Series E 3%s gtd gold^i-.i--—.1949
94%
93%
Xo
103
63%
pi-'/jyl'
M 3s series L..
98%
103
*96
93%
100%
41
137%-
86%
109%
Pacific
84%
deposit——.
5'is series A—
ACertificates of deposit
A 1st
86
deposit
series D
ACertificates of
27
98J/a
—
Alst
85%
84%
Alst 5s series C——...
8
98%
32%
*115 »/4 118%
Q-A
-
—
Alst 5$ series'=B—-i—.i——1954
ACertificates of deposit.——.
108%
97
122'/a 123%
88%
J-D
AIncome
—
108
106
107%
JUV?
102% 103
m-n
1983
O & N E 1st ref & imp 4 Vis
New Orleans Term 1st
j-d
9
*128%
109 Vb
Paducah & HI 1st
104%
15
*106%
"
England Tel to Tel 5s A
New
1
342
*137%
J-D ;
J-D '
1st & ref
J-D
gANew England RR gtd 5s
A Consol gtd 48—.——
104%
105% 105%
104
104%
1965
t A Naugatuck RR 1st gold 4S———1954
98
J-J
.
.
•
71%"
*106% 107 %
M-N
v
31
41
62%
123%
Q-F
,
106%
102%
73%
m-n
Q9
91
1
101
72%
45
P
95% 102%
*102% 103%
J-D
102 Vi
39%
96 V 102
1
91
91
102 Va
95%
'
106% 106%
,64%
95%
623
A 1st & ref gold 5s series £(.—,.1980
A 1st to ref 5s series I—...—1981
A 1st
-
42
29
108
137
Q-J^
■,
,,1949
'1st' &'ret M 3s series M—
113%
95%
:
■
M-S.
.75
39%
102% 103
63%
lsti & ref
101
"128
113V4
108
.
*
103:
1st & ref mtge 3Vza series L.
1966
1st to ref mtge 3s series J.......1670
1st to ref M 3s series K
1971
^Missouri Pacific RR Co—
a
98
Q-J
A^.1960
ser
Paciflo Coast Co 1st gold. Ss^.,, .,
Pacific Gas to Electric. Co—
'
J-J
72
,
60
96%
59%
Missouri-Kansas-Texas RR—
Prior lien 5s series A——..—.—1969
4o-yeaf 4s series B———1962
25
.
107 5/4
106V4
39
M-S ;
s
,
Ore Short Line 1st cons gold 5S...1946
Guaranteed stpd cons 5s__—
.1946
27%
59
81
75
:
105%
105%
1
o
3
105
104
;V:'
•
88
108
40
M-S
.
;
.
tOgdensburg to Lake Champlaln Ry—
a 1st guaranteed 4s
1948
Ohio Edison 1st mtge 3s--...
*1974
1st mtge. 25}iS——
-___i....l975
Oklahoma Gas & Electric 2%s_
1975
Oregon RR to Nav con gold 4s..
1946
26%
y4
95%
;
74
74
A-O
inaa
101%
107
Minn St Paul to Sault Ste Marie—
Alst' mge
Inc ser A^.———1971
AG en mtge 4s lnc serA-———1991
1st 4s———.1990
(Wise) ,1st mtge aw«
11
111% 111%
A-O
P::;y , 8
106% 106 y4
A-O
.1974
11
—
107 Vi 107
105% 107%,
95
105% 106%
9
26%
26%
87%
25
103
103
26%
F-A
86%
%
-
105^106%^
A-O
tfU 14
87%
101%
1017
2
•<
91%' 95
106%
87%
87%
87
82
53
A-O
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5Vas
1950
$ 5 A Met West Side El (Chic) 4s_.1938
Micmgan CentralJack Lans & fiag 3 Vis
1951
1st gold 3 '/4 s
..
.—.1952
Ref to impt 4 %s series C—-1979
Michigan Cons Gas 1st mtge 3%s_1969
ISAMidland of N J 1st ext 5s——1940
105%
J-J
Ref to impt 4%a series Ai.^^.2047
Ref to impt 5s- series C—-_.._2047 V
Ref to impt 5s series D
2047
Coll trust 4%s
.1975
104
118%
=*65%
15%
102%
M-N
1966
..
101
102%
95
26%
>12%
'
.
104 y4 105%
F-A
AGen mtge 5s:conv incj^^l..
2014
Norfolk & Western Ry 1st.gold 4s.l996
104
101% 101%
M-N
21%
82
J-J
1st; mtge 2%s_..^._^i....^_l975
J-D
228
J-J
V;
1
111%.
100%
75
85
15
34
A-O
.1943
North Central gen
~3
75%
25%
13%
V
M-S
•
J-D
A
ser
24
24 v4
105 Vi
M-S
J-J
M
4%s
:■
V 14%
a J-D
■.
V '
Northern States Power Co—
J st mtge 2%s-...w~;--..«...1974
RR
79
109%
M-N
^
Gen to ref 4%s series A.....
1974
Northern Pacific Ry prior Hen 4S..1997
48 registered.^-.«...^..^^.^,.l997
Gen lien ry to Id gold ,3s
Jan 2047
3s registered....
_....^....2047
118% 119
-if
.
109%
40;
105%
103% 103%
m-n
4
109% 109%:
1091%
30%
120
8
F-A
.1980
42%
71%
30
106%
101
111% 111%
104 >
90
34%
289
76%
tjAN Y West Ai'Bost 1st 4%S--^.1946
vvv i..
102
80%
87%,
334
79
78
Niagara Falls Power 3%s
107% 107%
1
107% 107%
111%
72%
30
39%
119
103%
'
V 187
41%
40%
"M-N-
Norfolk Southern Ry Co—
1st mtge 4%8 series A«..w.....1998
101
;;
a-o
76%
73%
65%
80%
1940
105
17
104y4 105 '/a
[PP -- y
76 %
67%
90
39 Vi
1937 ■p.a
104
*118% 120
;
67%
61,
:
78%
Pm/'p
J-D
1937
ATerminal 1st gold 5s
=
107
106%; 107%
*105% 106 y4
104%
109
76%
Va
76
73%
73%
65
,
1963
gold 5s
Vffi,44-
88
79%
;
'
107
v
%\
M-N
. -
65%
73>/a
f
120
118%
__
107
.
133%
•"
~8
—
106% =106.%=
|,
p-a
m-s
.
*__
;
t
-M-s
j-j
2'/a s ser G—
2003
Paducah to Mem Div 4s__..1946
fit LouiS Div 2d gold 3s—
Atl Knox to Cine Div 4s—
*118
a-o
1st to ref M
Central
High
-
119% 120
120
m-n
.
.——1963
Louisiana & Ark; 1st 0s series Ai...l969
Louisville Gas & Elec 3%s__.....1966
Louisville A Nashville RR—
lst Ar ref:Mv3%s series—.2003
*133%
a-o
1951
1962
Long Island unified 4s—..——.—1940
Guaranteed ref gold 4s——.1949 '*
4s stamped—
—.———1949
Liggett & Myers Tobacco 5s_
Miami gen 4s series A
—
16
03 H
■
Little
Lorillard (P) Co deb 5s__
r-
76 Va
72
J-J
1965
Corp 1st 3 V2s_;
15 AN Y Susq &. W 1st ref 5s
: |A2d gold 4Via——
73%
73 Va;
A-O
2%s_1975
gtd 4s
1993
60.
68!
54%
389 J
ppBp: :"/'52fV
68
62'/a
-
-
P'fl'P
39
53% >60
76%
76%
J-J
1992
^..1955'
■
73%
M-N
;
N Y Power &
Light 1st mtge
N Y & Putnam 1st cons
——
Maine
Low
"70%
20
73%
72
J-J
1955
...
4s——.-i_1954
,
Lehigh Valley Terminal Ry ext 5S.1951
Lex & Eastern 1st 50-yr 5s gtd
1965
'
January 1
16
72%
-
A-O
-Alst & ref 4y8s series of 1927_.1967
86%
80
60
92 Va
63%
j-j
registered...—-——.—-2003
5a stamped modified
2003
5
Range Since
Sold
No.
76
73%
M-9
3%s..^....^...l954
deb
75
M-S
AConv deb 6s...^.^.._^...w.l948
IA Collateral trust 6s_...
1940
ADebenture 4s..».._.^...
1957
1
95
93
33
86%
85%
'
deo 4s.^.l^
1956
ADebenture certificates 3%s..—1956
■
83
f-a
-A'/aS
'
Bonds
Bid & Asked
Low
High
i
,
1QA«»
,}AHarlem River to Port Chester—
2003
2003
registered
4Vi8 stamped modified.
95%
95%
:
.1974
———
term gtd 5s——1954
Lehigh Valley N Y 4V«s ext
1950
Lehigh Valley RR-*
4s stamped
modified
2003
3s debentures
■
A Non-con v
*95 y4
•
,v>
'
:
Leh Val Harbor
:
pl
^
'
ANon-conv deb
,
—
101% 101%
101%
—1954
..1964
stamped—
f\md 5s.—.
1st & ref sink
stamped.
Week's Range
or Friday's
Last
Sale Pric$
i1
>
dfib
'
5s
'v /;
ANon-conv
,
,
P'P<!
•
f-a
1984
sink fund 5s
ref
76%
70
'
105'/a 105 %
105%
A-0
Lemgh Valley Coal Co—
-5s
/~yf
ANon-conv
69%
Dec
>
^
1st &
l
Friday
" Interest
:
^
fN Y New: Haven to Hartford RR—
Lehigh Coal & Navigation Co.—
S F mtge 3%s ser A...
—1970
»
J
High
Lautaru Nitrate Co Ltd—
'
BONDS
New Tork.-Stock JExehawfi
-'pp: rp-^
January 1
No.
High
Low
Range Since
Sold
:
Bid & Asked
487
*109
108%
"3
38
110%
108% 108%
*156
*245'/a
32
39
—
110
—
"
108%
18
i-i
168
:■
1101/a
1081%
160
160
250
250
THE COMMERCIAL & FINANCIAL- CHRONICLE
NEW
YORK
RANGE
Interest
Last
Period
Exchange
Stock
York
BOND RECORD
WEEK
ENDING JANUARY
.
-
,
Quaker Oats 2%s deb-.-«*»*---..-196*
>/
Bonds
Range Since
Sold
New
York
No.
Low
104%
Revere Copper & Brass
3V4s—*:—19«o
113%
IIARio Grande West 1st gold 4s__1939
A 1st cons & coll trust 4s A
1949
Rochester
Gen
Gas
Elec
&
Gen mtge
104
107%
113%
78%
87%
87%.
*125%
33/4s series H
Gen
&
Job it Grand
Bt
Bt Lawr &
4s
lien
,
•:
/:;/
M 4%s
/
A-O
72
Trenton
Gas
18%
22%
23%
..22%
%
ref Jt impt 33/48—1960
& Buff 1st gold 48—1946
& Elec 1st
gold 5s—1949
Tri-Continenta) Corp 3 % debs
20%
/
53
146
103 %
106 >
88%
;'/•
90
53 %
•>,
56
103
;>
104
*100%
;',
•
' 25 i
;»-/219-;/v
10
:*
'-x
wV
90
58%
103
100%
4.-':>
-v
.
S'->> 3>i
106
104
100%
-•
,
LL'
,106
Va
513/4
—•>;
v/f
>>/'/^r^>/'5
88
^s.;>
106/
106%
110%
111%
24
-
Electric
.!41st* M
~
Co of
Mo 3%s—1971,
M-rt
111% 111% / ■>' '
2%S>—*1975
A-O
105:
A-O
*.*'
Union- Oil of Calif 3s debs*—*—-.1967
2%S debentures .-i-'.i..*—1.970
Union PaCino RR—'
>
.
97%
■
1053/4
108
142%
;
" '
J-J
104% 104% /
coll
Ss
tr
2
105%//
104
105%
103%
22
104%
•
,.96
078,{,
.-.-6
>
--
53%
.103
>/ /'/•'•it
•
F-A
J'U
-
'
"
:
104% 106
*104Vi
88%
</
':•;
MS "/>
"
:
1960
1043/4
107
:
28
146/;
ISAXJnion EleVBy (Chic) Ss——-194&
96-
1
100% 100%
100%
J
"
'>64%
35
•
105 "105
6
-
25
'
>102% 105%
'
4
1st is land grant
J-J
4s.—.....—^947
-
34-year 3 Vis deb—
35-year - 3 %s deb
Ref mtge 3s series B_*
1
1950
United
r
1044
A-O
—1970
—1971
1990
104
y4
»/4 106%/-/
103
M-N
,103% 106%
A-O
debs.—.1959
.104% 105
?
104%
103%
106%
106%
25
>14
'
31
>•/
,«:>
10334 104%
u-a
104/
>103%
58
'
109 ya 110
A-O
Biscuit 3%s deos______ ..._1953
Universal Pictures 33/4s
197f
;
;
J-J
1960
Jan 1960
j
-
J-D
20 y4
104%
\v
Ham
-1950
series A__
105%/ >
/»
• /
Toronto
deposit
of
A Certificates
ACons
>>.
109
■
High
129% 130
rs-i* j'k LwL't'c/f "r
29
107 Va 107%
145%
/-J-D
108%
of
deposit
;V ARrlor lien 5s series B
J-J
>'/
109
10334 104
—
Low
104
6
104% 105
••
J-D
*102 Vz
January 1
'c/zf
;<.'*■•<!
1 /
107%
J-D
Tol & Ohio Cent
■:
1996
A
ser
'
.
Orl 3%s__1974
Ry 1st ref 4s
income 5s*
AAdJ
..
A Prior
E
ser
Tenn RR of New
Third Ave
__
193%
.2d gold 6s
1996/
L Rocky Mt & P 5s stpd——..1959
|0t Louis San Francisco Ry.
c
...aooo
1985
*:;/ 69% -72
; Bt
/•'A Certificates
3%s
>
129% 130
104%
■
Af-N
108%
1969
1st gold 5s—
M
gold 5«
130
A-O
—1959
....*196B
109
1st 4s.—1947
Island
Ailir
ref
1st
•104% 105
3-J
W-A
108%
;
Range Since
t
Louis—
Pacific-Missouri—
Union
Saguenay Pwr Ltd 1st M 4%s
Bt
01
108 % 103%
108%
I
Gen mtge 3%s series J.
IIAR I Ark & Louis 1st 4%s.:—.1934
lARut-Canadian 4s stpd.—
.—.1949
IIARutland RR 4%« stamped—.—1941
mtge 3%s series
Pacific
&
Texas
/
*108
Assu
Company 3s deb
Texas
Corp-^-
1977
1967
1967
1969
RR
W-N
1965
debentures.*.—
Pac
mtge 4%3 series D
Gen
87
108
103
'
113»/4
113
3s
107%
—
Bonds >
> Sold
No..,
High
,v,'\ :.:>>>■'• v > •'•• rv>
Das & Transmission—
mtge pipe line 3s..
Texas
*104
Range
or Friday's
Bid & Asked
105 %
/ Ref Ss Imp M 4s ser C.*..*.—2019
Ttxarkana «ss Ft Smith 5VaS A
1950
107% 108
Week's
■
106 aV
107%
due_1975
for 1945>
Friday
/> Last
Bale Price
'
Terminal
(4.7%
,/■>./
Interest
.
»
High
1st
mtge
.
Exchange
Period /
Tennessee
Gen
Stock
January 1
J-J
Reading Co Jersey Cent coll 4>.*— 1951
Rensselaer & Saratoga RR Co— >
-
bonds
or Friday's
Bid & Asked
Low
High
.Sale Price
1
25
:fk Friday. Week's .Ran go
>>/>>>
BON D S
New
FOR
Monday, January 28, 1946
>107% 110/
•; k4 *
104%
105 y4
>:103% 104%:
■
./A Certificates; of 'deposit 6tpd ....■***
|8t Louis-Southwestern Ry—
•/ '.
1st
>'•
bond
4s
A 2d
certificates—:
.—1989
II AStP it K-C-Sh L gtd 4%fl
Bt Paul
Yandalla RR <cons g 4s series A—1956
Cons a t 4tiu series B—^i .^^.LM.1957
iuc bond ctfs.— Nov 1989
4s
/
IA 1st term &.unifying 5s_—*1952
A Gen & ref gold 5s series A
1990
Bt Paul & Duluth 1st cons gold 4s.l968
Union Depot
Virginia JEJlectric :& Power Co—
■
1st
.
;
F-A >
*114%
M -N
•115%
Va
mtge 23/4s ser E._„_ 1975
Coal & Coke
Iron
Z
—
...
•
M-8
105
105%
/105%
»103%
'
1941
1971
3 %s B
ref
&
/
^
1st gold 5s__T949
MS
Va &'Southwest 1st gtd 5s.**,——.2003
.
'
—
K
J-J
.
-.L/:/
•*119%
•
Bcloto
V
E
& N
1st
gtd 4s
——1889
ISeaboard Air Line Ry—
I A-is gold stamped
■
ACtfs
>/,'Alst
of
dep
6s
cons
ACtfs
of
ACtfs
of
A
f
dep (Guaranty Trust).—
dep (Chemical Bank)—
A Certificates
Seaboard
3
—.1949
//. | § A AtJ &• Birm 1st gtd 4s
Air
of
Line
59%
61
56
60
..
/• >73/1
.623
/
>
;
%
WabashRRCo—
no
105
//>*-
,>/,■*■
1st mtge 4s ser A wi- —*..**
mtge 4%s ser A wi—,
;
100
Gen
t A Seaboard
Seagram
Shell
Fla
All
6s
ctfs :•://
A
.
85%
J
Oil
2%s
deb8.._
23/4p sinking fund debentures
1961
UASiles*an-Am Corp coll tr 7s_.
.1941
Skelly
23/4s
Oil
debs_:
Bocony-Vacuum
South
& Nor Ala
RR
gtd 5s
> ••
—
3s
Bell Tel &
—1963
;
Baking Co 5 %a debs
(subordinated}
...**>.*11970
/
A-O
/> 106 % 106%
31
105%
104% 105%
178
104%/
104%
107%
102% 104%
I
—
1969
4%s
Fr«n Term
*s
33/*s
series
Devel
gen
.?
N
Swift.
A
aebi
67
104%
117% 118%
24
47
234s
Co
107
*132
'
120
123%
126'%
8
65%
9
63%
107
14
105%
103
103%
66
107
107
66%
.
debs
.
105%
107 y4
41
114
107%
|0tf
>114
107
•>
110%
/
108
104
105%//^' 259
M-N
..1949
;
87%.
/',
/,::
109
108
104%
108%
10
102%
103%
58
90% /91%>/v>
87%
>'
87
90%
92%
>87
21
88%
;
•109% 110 --
M-S
M-8
104 •/
'
253
'
103% 103%
M-S '
.1970
.
.
104% 106%
91
1992
52
107
> >104%/:
/ 105%-
& Co
1st
107%
107%
m
40
lu5%
105%
7
104 %
105 %
1958
1st
B
4s_
1st 4s__.
^Certificates of
3'J
1936
1st 4s
86%
88%
42%
44%
/
—
If-N
42%'
7
125
v>/
.
deposit
*41%
......
A-O
107
107
105%
117%
•
—
>
69
87
87%
*'37%
' 44%
36%
49
36%
108
>*/>
107
13
108
*108%
J-J
|
'
'
of
107%
104%
> 117%
/ 86 /
1 /
//
!> *
—
87%
106%
.
105% 105%
...
Z
.1941
deposit..^.*...*
107% 107%
107%
A-O
i960
mortgage 3s
S
;/;•**> >/'-.///;—
-*•
Deferred
'
SNegotiability impaired by maturity.
tThe price represented is the dollar quotation per 200pound unit of/bonds.v Accrued interest payable at the exchange rate of $4.8484.
'it
30
>.
/
105%
106%
89
;>>
delivery sale not Included In the year's range,
d Ex-interest.
• Odd-lot eale not
Included in the year's range,
n Under-the-rul* sale not included in the year's range, ' r Cash sale
not included in- the year's range,
y Ex-coupon.
^
/ ■;
•
'
118
105 %
:
MS
Wlsconsih Elee Power 3%s
*1968
Wisconsin Public Service litis.—*197t
/
/
103%
19R]
J-D
J-J
IA Su & Du div It term
107
:
115%
10G%
107
'
a
105 y4 105%
103
115%
5
'/
107
Uf-N
2361
R.R 4s.
tAWisconsin Central
>
'
107% 107%
...
|iU>;
May
J-3
ACertiiicates
108%
106%
/
108% 110%
A-O
..1951
&. ref M 234s series A
Gen
Wilson
132
103
102%
•106% 107%
1960
Wheeling Steel 3 V* series C-_.
x
:
1073/4
2014
106% 108%
3-3
:>
1st 4s guaranteed.....2361
Winston-Salem
f
125%
97
3-D
1952
102%
103
>115% 115% ■.>>■/ »2
J-D
series I—^.1966
Registered
>.u
106
117%
135/
108% 108%
105% 106%
—
106%
ig 104 y4
Shore
West
<
141 y2
124% 125%
1950
67
65
103%
*102
F-A
:
.1967
gta
:
30-year
106%
'
Q-M
1948
5s.*'————
Westingbouse El & Mfg 2%s_^
,
106 y4
136%
110%
107%
B7
,
1959
...
%
5
102%
103%
83
.
118%
1961
101%
69
'102%
102
*103%
F-A
Union -Telegraph CO—
Fuhdir.g & real estate 4 yas_.—..1950
25-year gold Bt)—->*—*>'*<—..—1951 :
-
:v
.104%
123
21
94%
106%
105%
Western
i
•
—1956
.......
3%, debs
Oil 3%s
9
107% 109%
107%
M-S
t>cpa
os
3%s
Wheeling * Lake Erie
104%
3
'
;—.—1955
Maryland 1st 4s_—>
Pacific 4%s Inc ser A
Western
:
104% 107%
106% 106%;/
107
i996
3s
OH Corp
102%
102
137% 141%
105 %: 106
*
8unray
Superior
/
106%
104% 106 %
125%
nbpoKaue internal.1st gold 4%s__2ul3
Oil of Calif 2%n debs
1966
Oil
i
Log
mtge
Western
105%
"
105 %
8tand
StRnrinrd
^10%
104%
250
...
140%
/ O* rnn«* Div 1st eold 4s
..1951
Southwestern Bell Tel 23/4s debs—1985
,
7
104%
lose
gold 5s
*
104
1,283
106% 106%,.
r
1i,£"*G
"
109%
,156 //
104%
101% 102%
103% 103
.
/
—
1956
■
■
Gen
.
1956
6%s
102
*
9
105% 107%
v '/:
.1994
6«
gen
1st
r
.*.—1996
gold 5s
cons
4s series A
&
Div
Mem
..
C—
gen
&
Devel
Co
;
__1986
1st
Ky
&
RR
—..1950
ser-Ai—-*~i.i*l96l
,/v 1st mtge 2%s_
33/4s series B*
Devel
—1981
—
SouthernPacific
Southern
/
,
*———1968
'
<*»•-
'*
109% 110%
Wesiuiesier
West Penn Power 3%s
'
104%/
104%
1st ref gtd
Washington Terminal 2%s ser A—1970
:
106% ■■.I*:*!
>»'/7 107%
,
•••.••».
'Ss-
106%
/" */.
>
Li
Gold 4%s
-•
.
110%
(Oregon Lines) A——1977
Gold 4Vas
Gold
43
*
"
.
21%
102%
102
gold 3%s._2000
3y4s
Petroleum
RR
Washlneton Central Ry 1st 4?
;
f
v
108
•
102
102
51
51
10tf»rj07% T
1979
pacific Co—
1st 4%s
*
.
.—..1985
debentures
fouLuern
'
Tel Co—
debentures
2%s
19%
:107
107
•"•'93
15
,101-
97
21
93%
A-O
Warren
>/
28
101
■
4s...L———t9oo
Warren
1023/4 103%,
'
*
| 102% 103%
*^/>>/.i>
>/,/
76
73%
• 1 /
'I'M -73% 76 r' ■ i
DflMtT**"*-""
'
.
86
:
94%
101
94%
105%
Ward
•V.-V/V-
1°
10
8
>; '. 75% 75%
104%"
104% 194%
1964
17
v
—<
H
Southern
■>
103%* 103%.
*104%"•
•
...
:
„1965
Oil 3s debs
20%'
1073/4 l07%
__
103%
1954
80
386
106%. 110
105% 105%
'-/
Apr
F-A
.1971
:
Walworth On 1st mtga
;
.
,
mtge 3%a ser B
101
Apr
•
1st
99% 101%'
99%>10i %'
'44''■
44
>
86
19y2
(Joseph E) & Sons 3y4s_1965
Union
V2 "101%
'83%
1»35
110%/110%
108% 110
-
mtge inc 4%s series BL....1991
'
»•
110% noya
Af-N
mtge 4s inc series A_—1981
Gen
.
.
80
//
.
/ Gen
>
.
/*r
A-O /
.
78%
74
13
-
Co—
,.195?
—
Virginian Ry 3s ser B.......—.L.I995
>74% /-80 >//>:>.
26
1933
deposit
RR
// 126>>/
51
.56%
V
:'|
5s.'.j
cons
122
118
13
—
—
(Chemical Bank)
series
122
1
1959
.
/>->>_;,:>>
—/
195G
ACertificate of deposit—
■> IA Refun ding 4s.—*
;/.;/
ACtfs of dep <N Y Trust)
1st
''
fCompanies reported as being in bankruptcy, receivership/or reorganized under Section: 77 ot
Bankruptcy Act/ or securities assumed by such companies.
-1
'
/ •Friday's 'bid and asked prices; no sales being transacted during current week.
.
the
•/
A Bonds
:
selling flat.
-
>
,
NEW YORK CURB EXCHANGE
WEEKLY
in
a
^/ivery 6ales are disregarded In
footnote In
In the
the week in which
they
furnish
we
ending the present Friday
security, whether stock
every
or
complete record of the trans actions
a
(Jan.
25,
bond, ih which
1946).
any
.
^
*TOCKS
Curb
Friday
Exchanr*
Week's
Acme
A
D
Aero
warrants
tit
Range
of Prices
F
16
Co
Class
3
Mlg class A
b
Aiuswo/v.h
Air
J
Investors
common.
Associates
Air
Inc
...6
'NJi_
Aireon
60c
...
nreierred
convertible
faijtrcti'ic
ATabamH
Alabama
*S6
AHcs
50c
preferred
Co
$7
j
so
...
ft
Fi«her
Int'l
Allieo
common
Pm.met*
$3
5%
5%;
High
/>//;. IrOlb; :>;>>./'
10%
2,200
30
5%
V/
piu
•
lo
footnotes
page
493.
Jan
13%
Jan
22%
Jan
Aluminum
6 Va
Jan
Aluminium
1,400
16%
Jan
15
Jan
400
800
Exehange
5%
Z~
19
>
•
Jan';.7
Jan
11
>
Jan
17%
Jan
Sales
Ran re
tor Week
Shares
Low
*
Aluminum Co common
t>. 6%
>.
0%
100
—*
preferred
Aluminum
Goods
Mfg...
Industries
Ltd
preferred.
63'/a
Jan
/■> 118% 120
1,150
115%
Jan
24
24
100
24
Jan
22 Va
120
24
200
21
Jan
:
111
100
j
V
.
132% 136%
•
*
American
>
21'%
>
9
17
21
22
8%
v
9':
Jan
■'» :>
17%
Jan
American
Oenrral
2,500
20%
Jan
„/
22%
Jan
American
2,800
.//•; 8%
Jan,
./• ■/
9%
Jan
S
130%
130% 133
117% 117%
170
'
> 4% > 5
>>•
;128%
Jan
-;/•
.
Cities
Power
class
Convertible
G33/4
63%
65
1
12%
12%
58
59
I" "/
58
//;
>>
20%
20%
21%
133
Jan
Jan
118%
Jan
Class
Jan
10934
Jan
American
Cyanamid Co
Jan
14%
Jan
American
&
44
Va
,'Z
Class
52
54%
1.350
'■
25
A
B
Jan
48
Jan
American
48
200
-
Jan
Jan
26
•
Jan
136%
Jan
111
Jan
60
Jan
American
.14
Jan
14
Jan
4% %
i...
Foreign
Fork
Gas
it
&
preferred
Hoe
70
61%
'
v
49
50
;•/.:
Jan
20%
Jan-
Jan
47%
500
1
7%
8%
9,700
:
10
52%
54 %
6,200
i-
warrants..
2'/a
*•
common
Power
common
Electric
./>.;
Jan
503/4
1,300
25
12%
100
•
Jan
>"5'/4
Jan
'
05
Jan
22%
Jan
54%
Jan
«jight—
A
116%
•
it
4%
800
4%
Mfg——
107%
20
Jan
24%
110% 3an
50
111
75%
120
■-
Jan
116%
1,800
—100
Co
Book
15%
/
19,600
7
1
Beverage common
American
15%
Low
71%
5,000
70%
•
common
common
68
Range Since January 1
Hwh
Jan
';■•■> 5%
Week's
of Prices
__
common
see
30%
5% Jan
'22% Jan
>
Jon
■
For
Jan
5%
5%
> r16%
-
Jan
3,100
;
V>.
Curb
1
'
-
Friday
/'/.Last />
STOCKS—
York
Par
9%
700
■
■
High
27%
.
40
>>"■ 5%'
•> 17%
1
conv
iMichi
Altorfer Bros Co
year.
Range Since January 1
•
Investing
week beginning on Saturday
Sale Price
New
SI
Shares
117%
preferred
prei-'-rfd.
Allied
>>;>
*10;':/
Appliance
Sonthprn
Power
9
10
Mfg Corp..
Air-Wai'
9%
30
J
common.....
"
Convertible
the New York Curb Exchange for the
:/->/•,•/
for
l
..........
Mfg
low
10%
....
..
St'ppij
on
compiled from the daily reports of the Curb Exchange itself, and is intended to include
S
Last
Par
Motors
It is
RANGE FOR WEEK ENDING JANUARY 25
Sale Price
ACF-Brlll
RECORD
dealings have occurred during the current
•
Vork
YEARLY
they are the only transactions of the week, and when selling outside the regular weekly range are shown
computing the range for the year.
'
'
New
AND
range unless
No account is taken of such sales in
occur.
following extensive list
Jan.. 19 and
the week's
•
23%
10
43
100
111
3
25%
425
Jan
-Jan
111-
Jan
Jan
55%
Jan
-<•3
;
Jan
8%
•*V
Jan
23
••
50
'
Jan
43
800
12,100
.
Jan
Jan:
47%
1%
42,200
44%
112
/:> 7%
>
26
45 :,/4
113
Jan
Jan
Jan
Jan
NEW YORK CURB
¥:¥
RANGE FOE
¥¥¥■¥'/
New
eTUGKb—
York
Curb
Friday
'x>p Range
$2
convertible
$2.50
preferred
convertible
47
1
preferred
;
LOW
14%' 14%
47 V4
vi:
0%
30 %
46
V
24%
25%
25%
25
preferred^/.
25
American
Mfg (Co
American
Maracalbo' Co~—.■
25
common-
29%
4%
American
Republics
¥7¥;¥ ¥¥'•¥
•
'■/
1st
$6
preferred
Thread
American
Writing
V-
4 >Vo
•«?
[J-ip::
*
Fences
8%
3-
800
124,800
6%
11%
& Coast
Coast
;
pfd:—100
12%
,
:
24 %
Cnui'ia
Cherry-Burrell common
5
Chesebrough Mfg
;
25
Chicago Flexible Shaft Co common—•
Chicago Rivet ft Mach
4
Conv
3
120
' •'
55
Jan
Jan
Jan
10%:
Jan
&
•A
9% Jan
Jan
13
40
19% Jan
Jan
.
5Ye
.
5Ya
10%
77377 7
10%
curp
Jan
;
42%
;
114% Jan
12 Va
115%
10%
2,200
Jan
;
10% Jan
3
■
112%
;
12
Claude
15
'. :
27
/ 13%
-Jan
Club
•
Aluminum
■
••
Utensil
'
10% Jan
200
2%
io%TJan
A
Jan
3%
Colon
•
Jan
11%
10% Jan
425
Cockshutt
Jan
145
■44-y4.
26
90
8%
24
>
17 V*
:
50
$1.20
Basic
8
V;-
.A
•'
-1,000
Columbia
Jan;
Jan
26 y4
Jan
15%
Jan
18s,«
Jan
:
-
800
5
5,100
-
26%
50
26
28l/4
10 y2
-
r
J
Jan
^6%iJan
300
Gas
Jan
Community
Jan
30%
8%
7%
19 JA
Jan
V
t
48% ". ' 2,400
47
17
Bcllanca
,
16%
Corp—;
;—i
Aircraft
ft
Convertible
v
•
-
17 h
57%
"7%
—•
X 8 5/8
.
:
;¥
•
5%
56%
37%
<S) tt Co.
34%
•
1st.
8%
—I—,,.,,
...Ai.100
Southern- -wartants—
St
•'
-25
:r,
;
Consoi
Jan
.
prior
-
i—
/17% Jan
Jan
dep
Am
rects
dep
"2%
rets
Amer dep
British
1
-.1
Jan*
:5"-/
)
6:
21%
13V2 Jan
;
16
■
Class B
76%
Jan
Jan
36
Jan
Jan
57% Jan
56%
55%
¥f 1,100
55%
Jan
25%
50
140
Jan
39
Jan
;• 32 Va ¥36-; t:
148
;
2,300
700
/
56%
.
.
65
•2%'
150.300
,
76%
IVi83%
25
22%
21%
¥ 9,800
«r.
26%
23%
4%
5%
5
4%
>
150
9%
Z
.
65
23%
(ELi
3%
Co
24 %
-10s
,7%
26"
x6%
24
24%
22%
700
•V-
.
-
...
7%
4V4
10
13,600
6%
25%
Jan
Curtis
10%,
4ye Jan
Jan
4%
*
.
61%
60
.■—1
100
Jan
10%, Jan
44
Jan
68 '/2
Jan
10
ICO
Jan
7 101
Jan
10,100
8%
Jan
12 V4
200
41V2
Jan
44 7
Jan
41%
18
Jan
18
15%
3,300
14 Vb
Jan
15%
Jan
22%
rets—.—;
21j/8
22%
4,500
19%
Jan
3%
54,100
2%
Jan
11%
14,800
¥3%
12%o
11%
3
10%
'
10%
.
Electric
Am
Corp—4^——.
Insurance
'
10%
Bread
Cement Co
6Va%
Co,
Ltd
common
preferred
Canadian
Car
Class
A
voting
A','.' Class B
non
''Canadian
Capital
&
Co
—
class
A.
Carolina
Carter
(J
W)
Co
com.
25
31 Va
19%
13.800
10%
Jan
13 y4
Jan
'it
V
Jan
28 %
Jan
11%
Jan
¥14 V4 -Jan
7 -1% Jan
31 •':.* Jan
¥
2% Jan
¥46'¥ Jan
6%
•
7%
.107
Jan
Jan
'
:¥¥ 1757
111'A
«
30 Va
Jan
104 ¥
vf-43A
110
42 ¥
Jan
Jan
7 Jan
6%
Jan
:43;;; "Jan:
rty k
V,
39
Jan
Jan
II
Jan
¥33%
Jan
AY*
Jan
&
17
3%
105,400
13
2,400
9
3,400
18'A
6% ¥7%
7.400
■U 6%
32%
25
29 V'2
;■
100
*'
Jan
20 V*
Jan
¥18
9%
Jan
Jan ¥
Jan
8% Jan
18% Jan
.
50
-
Jan ¥
15%
5.900
19%
17%
18%
27
14,900
29%
¥4%:;
3%
20%
Jan
Jan
7%
Jan
Jl
7;32%
Jan
■m
53A
Jan
Jan;
Jan
:4%7Jap¥
Jan
58
Jan
15.300
30%
Jan
35%
Jan
250
32 y8
Jan
38VA Jan
8%
Jan
34
34'/a
10
12
17%
18%
250
24%
12
35%;
25%
3.100
1,950
:
12
v
Jan.
19%¥Jan
17
Jan
50
Jan
5lVa'Jan
24
Jan
37 y8
24%
Z
13
13'A
¥
Jan
Jan
¥.25% Jan
,37% Jan
17%
7,500
13
300
15%
s.
36%
f
158
165
20
164-
J64
10.
12%
13
10 y2
Jan
11%
300
24% Jan
25
10%
165
24 V2
Jan
21% Jan
57/» Jan
,
5%
14,500
10%
9%
10%
4.800
4%
8%
Jan
Jan
10%
Jan
32%
34 y2
500
32%
Jan
36%
Jan
37
Jan
391/2
jan
2.400
17%
Jan
19l/4
Jan
1,200
29'/s
Jan
41
Jan
Jan
.87
5%
5
18%
1
17%
•
18%
£1
Industries class A com
Steel ft Coal
Tar
ft
—
Chem
Co
38 Va'
37
38'/2
"*7%
6%
40
13%
.13 '- 7
13%
83%
83%-;
0
Ltd
Textile Co
85
88
10
—*
63%
£1
10%
Jan
40
Jan
12%
Jan
14%
Jan
83%
Jan
83%
Jan
85
Jan
911/2
Jan
100
62
Jan
64
Jan
175
I
98%
Jan.
102
Jan
10
Jan
10,.
325
.
63%
63
lOOVa 102
10%
7%
1.100
10%
7%
1
*
15%
191/4
0/-t j/''7,y¥
*u
Jan
7%
Jan
15%
»
Jan
14% Jan
1,400
15%
14%
6%
2,200"
lOVs Jan
Jan
19
Hosiery class B common.—"
Corp common
Duval Texas Sulphur—
Jan?
T% Jan
Jan
40
25
7,100
89
7
5%
36.900 7
7%
40 ¥ .40
,
72
200
.78
75
—21
*
B
Duro Test
Jan
Jan
Jan
13% Jah
Jan
•¥
Jan
10% Jan
Jan
34%
Jan
10%
178
11% Jan
3.600
Jan
17%,-J&n
Jan
464
12%
15-
.
13% Jan
^
140
—1
dep rets ord reg
Durham
Jan
3,800
30
¥'
32%
3
"4%
32%
17%
20%
13'A
•
;
.¥¥7.7
30
---
A;
4V2fr prior preferred
7A
Jan.'.
•
32%
Jan
4
32%
4%
33%
'36%'
2.300
16
'
6#
700
¥ ¥90
*
$6
Jan
4
225
7;
V\'7
Jan
:
A 7/;
Jan
Jan
35
Jan
33 77 Jan
77 34
Jan
;
.
Stages
Corp
preferred series A
preferred series B
Eastern Sugar Associates—
—
•
-*
$5 preferred
.——I
Easy Washing Machine B_
•
Economy Grocery_Stores_—-.
•
742';7
4'/2
75
71,
7
'77
51
13
51
Jan
11%
Jan
55% Jan
¥' 13'A Jan
25
Jan
75V4
•Jan
24»A
75%.;
77%
300
l.buu
:
29 Va
Jan
18%
250
83,400
76 y4
14
75% Jan
24'A
Jan
7
79
Jan
29%
Jan
Jan.
Jan
;
2iy»
Jan
Jan
117
/
7i
29
25%
Jan
74
2.000
-
Jan
Jan
1.925
55 v2
Jan't ¥'•59%
Jan
4%
¥
175
73%,;,
12%
54
54%
¥¥.25 :?• 117
77500 7; -,~12%
,
Jan:
42 Vz
Jan
350
'
'
:
80
3%
5,100
75''
74
72
25
4%'
•100
',717; Jan
40% Jan
2.000
75:¥';7
Jan
Jan;
Jan
97%
450
42' 7.''
4Ve
20
;; 7-7
;«
42
7*/a
Jan
6
6.200
100
71
75
.
7%
6%
99
100
——-21
*
¥-■ $7
16%
4%
;;;
—..
.100
preferred—————100
Eastern Malleable Iron
20% Jan
:
30
12.400
i
Jan
13% Jan
200
•'7%
East Gas ft Fuel Assoc common
'
325
•
1
Jan
"
Jan
12,000'
—1
1
Harris Co
Eastern
•
30
liOVa
2,100
3,700
32%
Ltd———s———•
Draper Corp.———'—.—...—*
Jan
11%
>-
Tarnation
Co common————
P & L $5 pfd
•'
'
•
•
City Products
Carman
11%
*
•
voting
Marconi
Jan;
25% "Jan
15
common
Dominion Bridge Co Ltd
% Jan '
9 V2
13%
&
Foundry Ltd—
preference
Industrial Alcohol-
Jan
2.500
Dunlop Rubber Co Ltd—
10%
100
Participating
Canadian
Co
Jan
4
37
Co Ltd—
-:4%
;n%
5
LtdJ—-——
i
—
Duke Power Co
•
Jan
Jan
8,000
;■
Jan
6
"9%
6%
5%
18'A
50
Jan
10%
13
—1
.
Canada
Canada
Jan
9V2 Jan
¥. 34
105: ¥
m
100
1
5%
sy4 Jan
4»/2
1
y¥
55
50c
dep rets ord reg————
Corporation
Domestic
<¥'
.
;
Jan
38
preferred
Dominion
4Vb Jan
7 '1/4%
Mills———»• *
preferred
Dobeckmun
Jan
12
7 %
Distillers
'
£1
Power——rlC
Tungsten
Fire
4%
1,900
1,900
5%
4%
■y- 26%
Jan
Am
dep rets 5% pfd
Sugar Estate—
Camden
-5.%:'
7
Jan
Jan
-
American
Callite
•5%
,
Jan
Jan
22
20%
Dominion
-
Jan
82 3A
¥7.1%
•'•/•73b
41%
34%
2.50
5
,
11
2,800
¥5¥/ ;/5¥¥ ¥¥
5
A convertible
Driver
Cable Elect ric Products common—50e
Voting trust certificates
50c
Jan
23%
Divco
25o
„,,.¥¥¥•¥ ;7
110'/a
Jan
..—10
Diana Stores Corp
22%: Jan
'7 3
y4 Jan
Janf
Jan
9%
a
2,500
46
32%
———*
——1
preferred..;.. ¥4—^. -———20.
Detroit Gray Iron Foundry————-I
Detroit Mich Stove Co common
—I
Detroit Steel Products
10
De Vilbiss Co common
i——10
Jan
14%
B
Jan
108'A
6%
>
•
Jan
——•
2.50
¥
Jan'
¥
118'A
110
62,900
18%
Derby Oil & F.sf Corp
Gasket ft Mfg
32 V*
15
common
9%
Jan
¥ 6,350
common—
r—
Jan
91
Jan
86
S.400
13%
7-
;
Jan
3y8
Jan
115%
50:
13
42%
l
Jan
2%
Detroit
-
Jan
10%
43 '
10 %
24%
¥'2% ¥ 2'%
25
Inc common
debenture
4,800
68%
Jan
20
-
1,500
28%
8%
Dejay Stores common
50o
Mfg class A common——5
,'-,V¥ ''
¥
9% Jan
500
1,200
Jan
•44'/a
2,200"
•
ny2
27
4%
(Mo 1
Hosiery
Davenport.
"
4%
Jan
Jan
Jan
Jan
26
■
Jan
19%
.Jan
28'%
common———."
Lighting
Curtis Mfg Co
;
7%; Jan
•
4 "
5
¥¥230^
•.•.'•'S: '.50
27
preferred.
Jan
39 Vb
26 Va
104
\w /
Jan
11
—
Sugar.
Tobacco
$6 prior
Jan
50
26
3%
A.
81%
6'
•
Jan
¥•37%' Jan *;
5,400
111% 111%:
7%
Cuban
Jan
2~4~%
•••'yf
Jan
Jan
i
25
Jan
a#.:'--'-
a7a
¥44 V*
29%
'¥
Jan..
Jkn
100 v
Jan
27%
¥
Jan
■
1,700
'.45'A
¥
Jan
•.'•■7* ¥
15,100
2%
Jan
43 Va
Jan
>
137/8"
;
Jan
9 Va
3%
118% ¥••
5%
.•
5 Va
'97%
i
25
¥
.91
.
Jan
Jan
'
'
2%
24%
28 Va
(
39%
-
Janf¥
7%
:
Jan¥
6%
43
17%
36%
-25o
Cuban'Atlantic
4XV4MMWV
vh21yv/A-Jan,.
Jan
21
;77:-
xny8
'
Drug Co common
Dominion
California
Jan
Jan
800
28 V2
-
Crystal Oil Refining
$6 preferred
31
~
Burry Biscuit Corp—.
Butler (P H) common.
Calamba
Jan
¥32%
¥ ¥4
¥;■ Jan
5%
11.
..
Jan
23%
800
24%
25%
100
Wireless—
¥15%'
¥■5%
16%
\ v
' ;
receipts (drd reg)—£1
dep
VUUftU
Jan
4%, Jan
9% Jan
1,100,
7
34%
10%
18%
'
Buckeye: Pipe -Line—
Blinker Hill & Sullivan.—
Cables &
Jan
Jan
7%
-
1,300
.
11%
:
preferred-
convertible
Jan
5%
'
common.
Burma Corp Am dep
Jan
Jan
8%
-
■
noy2 noy2
¥/ ¥¥ 9 ¥4
11
36
Petroleum
Crown
Jan
83%
88
:
8i%
V 26%;
¥.5%
Royalty Oil
Steel Corp.
Co
*
44%
2%
me
„«1
—£1
—
Mills Ltd
88
.,
4%
Crosley Motors Inp--—
27%. Jan
Jan
J
21%..Jan
-
2,900
U, 8,500
v:
prior preferred
Bruck Silk
Jan
Jan
410
18%
Crowley Milner & Co
1
Cent Petrol (Mdj——Jl
Crown Cork International A—
Jan
4% Jan
24
Ltd——8
ft Smelt
Stores
Denmson
4'A
Bmce
;
Jan
Jan
10,800
99
¥20%
Jan
•¥■ 60
-
2,500
¥ 3%
11
Grown
Jan
26
;
Jan
.68
4,050'
3,700
9%
24
——
reg
Power class
Rubber Co
-
¥2.100't
110%
I
Brewing Co..—
Jan
25% Jan
2% Jan
3,000
-
5
H 9%
10%
Brcwn
8'A
19%
350
•
¥13%
-
Creole
Croft
Jan
Jan
4%
——.——————~
$5
Jan
•¥
tl
-
1
$6
American
Tobacco—
Distillers
Jan
32
Jan
¥
J an
12
Jan
Courtaulds Ltd—>
Jan
538
MFning
Dayton Rubber Mfg new com
rets ord
Forman
11
Jan
17%
49
400
43
■
7V*
on ft Reynolds—....,1
104
preferred A
——*
6
Cosden
Petroleum common—L2——1
convertible preferred
J50 ¥¥41%
Jan
5%
56%
Jan
26,500
26%
Brown Fence & Wire common.—
Class A preferred—Brown
Jan
145
Jan
Jan
975
8%.
117
-1
Cor*
¥
Jan
Jan
48%
Jan
25
575,
9,000;
,
,t29%
30
•':V'.y/j7''V¥
88%
Co
•
Gold- Mlnes^.»——i*.—
Coro Inc d—.—..A-—.,.i.it;•
-»;Jan
19% Jan
.
21
ord bearer
ord reg
Columbia
Jan
14%
¥ 47
-
587,100
cm % ¥'::; %
500.
;38
38%
2,600
:■¥ 3% mmt
2or8
Cornucopia
,
Ar.34
Jan
•>,40ya» Jan
*
5%
•
•
Celanese Ltd—
T75
•
'4%
.
Range
Copper
59--Jan
n
.<
"A-———-
British
151 Va
Jan
<
44%
Cook I. H1MV & Varnish Co
Paint
^
25
Jan
6% Jan vjl'1 8Va Jan
.
Co common—
American
Jan
Jan
700't ¥18%
18%
-1
—1
CO——
VVUK
-Glass
Am
34%
7%
11,500
97%
¥3%
ji-i-'Ty
Fdy & Machine Co
Continental Gas & Electric Co-—
¥a172% Jan
2,100
27
,
.5%
—•
Bridgeport Oil Co
.
Jan
'
-
¥41%
_%•
25
1
:
Continental
Jan
,
15%
-v;sa«'
65
Breeze Corp
common———1
1 Brewster
Aeronautical-—————.1
British
Jan
¥ 27%
1,600
">4%;-
••
2%
Biscuit
Textile
Jan
11 y4
'
British American Oil Co—
Jan
165
¥ 15% Jan
'2,500
7%
98
.—100
21»A
33
«Jan
100„.. -.37% Jan
48 Ve
140
preferred—100
Mig
3
Jan
146
18,600
-
Jan
16%
Jan
¥ 13% Jan
33%
«
series B preferred—
Consolidated
:¥¥¥-20^^,Jan.
4
:
.
43
preferred series C——
Gas Utilities
Consolidated
.;
.
20,300
500
21
54
54,
Co———23
$5 2d preferred
Brazilian Traction Lgt Si Pwr_..
.Class
Jan
•
Bowman-Biltmore common———*
Brilio
12
PJ''''•¥ i
I
39
preferred.————100
Borne Scrymser
•
•
-■
6
Electric—
&
Consolidated Retail
Jan
¥165
*
BQurjoi3.Ino————*
.
11
,Jan
21% Jan
.
30
.
.
"
; 19%
—
Co common
38%:/:
.',14%
15
optional convertible preferred—•
CI
v
27%
1,800;
>'
16%
5%
32%
32% %
¥ 4% •'•:'•;* ;
wrnts- (new)—i
Consolidated
Jan
Jan
¥ 50
¥ .120
33;. ,iu.
WMi i 5%
5%
25%
,1% 1st
.
17,%
Jan
.14
1,000
33
>,
1
<H
.r
2'A Jan
150
400
*8% !
;
•15%
7
6
:
.—100
4%%
2®
Jan
8% Jan
17
Jan
57% •¥
400
24% t: .1,200:
3,300
7%¥
6^4
4
,,..1
'
,
Ridge Corp. common—
$3
15
775
2.450
¥
88
'
preferred
4%
Jan
'8% Jan
4,900
¥196% 172%
'
preferred—7
common——,,,
Jan
140
;
48
73 ¥'
.
Rights w i
Consolidated
100
¥
17%
23
1
common—j—
11
16%
•¥..54
;
Bliss (I W)
Blumentbal
"
7%
39
Bo hack
41%
7
•
Bick fords Inc common————.A——
B.rdsboro Steel Fdy & Mach Co com—"
Blauner's common
Blue
Jan
47,000.
20%
10V4
"10%
1
—
Berkey ft Gay Furniture—.—1
,
.
TT' 'r
11%
20%
3
common.
common.—
Hedges
48
•
8%
19%
*'47
.
Consoi HELP Bait common
49% Jan
15 Va
1,200
ltAA,;
10
H«/a
Bell Tel of Canada—;———100
Benson
Jan'
10%
F^aunit Mills Inc common—
10
Beck (A S) Shoe Corp.———A-.-*-l
.
46%'
41%
1st preferred—100
Brummel Ties^i—............ -t
Beau
Jan
29,700-
31 y« ro
30
:
T
extended to 1946
c
Consolidated
48'
common.
40
21,600
17%.
18%
100
Co—
Compo Shoe Machinery—
■
shares.;. j......,¥■..,'
(Li
Jan
Vi-
33 %-
7%
*
*
Public. Service..:
Water Service.
Community
.
Seelig .■ Mfg^:.7¥¥
Bauraann
147
r
1
-2
Iron
&
Commonwealth
¥.
A
Jan
¥
146V2 130%
14
14%
148
Jan
21%
200
156%
-
Jan
19%
Jan
'142
1.825
16%
•
31
common...;—^«*
.r5% preference
■
Jan
28
8% Jan
Jan
•
22 %
26%
19
27%
27%
10%
22%
26%
■f.,123'
Co_
convertible
16
150
Patent Fire Arms.————28
Colt's
Jan
24
''1
2,900
V
10
-
Plow Co
Fuel
Jan
10 y8
20
10%
*
Refractories Inc
>
Jan
29
'
Jan
20'%
Jan
6%-
Jan
175
Jan
•40
Jan
36
Jan
145,';
-1
•• w:
91
-Jan
go
17%
BancodeiosArfdes—"
Steel
Jan
16'%
7;
'-¥2% ¥3
3
Airlines.—.——L—
Colorado
•
Jan
-
22,200
.
16%
Jan
13
5,000
"
V
10
*2$
16%
t 23%
-3
'7%i; preferred—.
-30
Baldwin Rubber Co common——1
&
Jan
41
7; 6%
-43% .'48
163A
.
'
$3
Bkrlow
'43
121
17V'2
Development ordinary—.
Colonial
•
B
Barium
21%
16%
—
-114% ; Jan
Jan
125
10
Neon
Jan
Jan
1
7,800
^
ii%
14%
Jan
Jan
Jan
I
37
1,600
26
20%
Conn Gas & Coke Secur common..
.
' 20
'
140
Jan
Jan
.
23% Jan
2,500
7,900
11
10%
90
Ayrshire Collieries Corp—
American
Jan
Jan
37 '•
14,000
6%
•
23
•
•
Lights Inc
Clayton & Lambert Mfg
Cleveland Electric Illuminating,
Clinchfield Coal Corp.—
7%
rllv '
6% Jan
40
Jan
Jan
4,400
-10%
'2%
■::r9%
Baldwin Locomotive—
10%
Jan
12%
Jan
Jan
106 ¥
10
common
City Auto Stamping.
City & Suburban Homes.—..,
/ Clark Controller Co—
1
Jan
14y4
Jan
6y«
f
,
Jan
•
Wilcox
:•
40-
;V.¥ 6%
6%
5
preferred.
preferred B
$6 preferred BB
'Rights
1
Voting Machine
Avery'(B Ft & Sons common—,
Babcock ft
18
660
■
;
39
•
38
40
—3
common
60c
RR Co pfd—100
—..'
Jan
Jan
21%
A
'
Fisheries
preferred—
-39
pfd opt div ser 29——_—100
$6
Jan
Jan
21,200
13.%
12 Ve
V
120
106%
Jan
43,200
121
111
Consolidated Mining
1
{Childs Co preferred
-100
Cities Service common—10
'
7 Automatic
6^
Jan
Jan.
¥7
9
3,400
my4 114%
23% 25%
12 y*
Plywood -Corpi^.--.—
Automatic
Products—,——'——-7-1
•
Chamberlin Co of America
.
Atlas
•'
Jan
7%
11
10%
■
Avlad Corpf'^drrauts^^—
-
Jan
Jan
;7
„
Jan
Jan
¥1,275
45 r:
39
44
Conv pfd opt div ser.:—.———100
6%
120
'
6%
6%
6%
Jan
15
4UO ;
12%
10%
12%
preferred——100
100
Jan
-
Jan
43
500
41
6%
t/6%-
35%
Jan
105 %
430
21%
21
50c
7%
preferred
Jan
Jan
13 Vb
,
100
9'A
Jan
-
600
114V4 115%
P12W 13%
114V4
..1:
Atlantic. Coast Line; 'Co—-
•.
""
Jan
2,900
5%
40
; Associated Laundries of America——
Associated Tel ft' Tel class A-i-—i-'*.'
Birm
pfd
7%
Utilities
{Cent States Elec 6%
■
1
Products
Light
20 Va
'
Jan
2'A
4,900
3,900
;
13
5Va
■>7;;i;Amedcan.dcp>irects;reg^^u^ii^El^
Atlantic
8%
18
Industries—
&
South West
Jan
,
class., A pon»vot.ing.w——;
6%
preferred——..——10
Arkansas Power & Light.$7 preferred."
Aro Equipment Corp
.2.50
Ashland Oil & Refining Co.
...—-1
Atlanta
7 ~
10.
9
;
12%
Common
Electric
ft
21%
120
•
105% 105%
56
;
15% Jan
-
3,600
55
50
1
Associated
Power
Central
Jan
34%
200
9.700
.
100
pic—100
Chief
—S:".
•
pfd
6%
Cessna Aircraft Co
,54;
6%
9%
Arkansas Natural Gas common-;.
•
8%
7%
Steel
Ohio
Central
14%
High
Low
•20
1,100
213A
X35% x35%
13% 14%
x35 3A
1
power
York
New
Central
*'
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
Argus Inc:
•„
26,000
2%
Central Maine Power
Central
i
Angostura-W upper man *•;—
v
20%
^——10
America
Range Since January 1
High
20%
21%
46
Jan
17%
of
Shares
Low
—-—
6c Co
Corp
for Week
.
119%
• ;
—
Anglo-Iranian Oil Co Ltd-*-:
Am dep rets crrd reg.—
,
54
8%
preferred—-—5
Paper common
*
'
Post
225
56
(A M)
Catalin
Jan
5% Jan
Jan
3
5%
%
J
I Anchor
41
*
$5 series preferred—,
American
24
Jan
4% Jan
100
"
19%
Seal-Kap common
2
Superpower Corp com———lOo
Amer
-:
26,200
-J
■
10
.20
2,400
5%
.46
%.
Jan
24-
750
55
v-v-;v^v;v^
■
American
¥ 1,450
23%
4%
46;
Castle
Jan
Products..
Sales
Range
,,
Per
Casco
V 53% Jari
/. Jan
30 % Jan
-"Jan-'-,, "J
43% Jan;
;
46 , Jan
26
Jan
24% Jan v, 7
32% Jan
28% Jan; 7
100
22%
22%
*
■■-■
American Meter .Co.——-AA..* ¥
American Potash & Chemical—.
"
•
49%
7,300
29 %
28
20
Jan " 7
53%
28
44'/a
25
Laundry Mach
American Lights ft Trac common
Last
Sale Price ¥
52
53'/2
1
Co..
American
Jan
47%
475
'
American Hard Rubber
14
Week's
of Prices
Friday
'
•
Exchange
High
7¥¥;¥,
14 ye
1,000
48%
'.1;,
Range Since January 1
Shares
High
Low
14%
New York Curb
for Week
of Prices
Sale Price
lisiiggliiiSlliiaiPl.
American beneral Corp common—lOo
STOCKS
¥ Sales
Week's
¥ Last'
¥•¥¥;¥
Exchange
EXCHANGE
WEEK ENDING JANUARY 25
Jan
24'A
Jan
72
Jan
75 V4
Jan
7 a%
Jan
78
Jan
Monday, January 28, 1946
& FINANCIAL CHRONICLE
THE COMMERCIAL
NEW YORK CURB
EXCHANGE
RANGE FOR WEEK ENDING JANUARY 25
1
yV
Co
—J
Emsco
Derrick &
28%
....
28%
Jan
24% Jan
,
51
Jan
109
Jan
110%
Jan
Jan
14%
3% Jan
4%
Jan
1,525
13%
500
53%
53
15
55
15%
1.600
49% Jan
14% Jan
30% Jah
51
59%
9,600
x41% Jan
,
31%
Jan
59% Jan
A Inst Co
14%
15%
2,100
14%
Jan
15%
Engine
5%
6%,
41,700
5%
Jan
6%
$2.50
Jan
14%
15,000
67%
67%
8%
5,100
X28
29%
32
Jan
8%
,
Jan
8% Jan
9%
15%
Jan
1,000
20
Jan
23
Jan
1,800
30
Jan
48
Irving Air Chute
Jan
2,800
21%
36%
31%
i
48
34
99
Jan
34
99
131
•;
130
A
3,700
6,000
common
Jan
Jan.
Kidde
Jan
17%
94
Jan
104
Jan
800
26
Jan
28
Jan
1,800
60
Jan
62%
Jan
28%
Jan
28%
Jan
23
Jan
\25%
Jan
8,300
19%
Jan
24%
Jan
200
19%
Jan
24%
Jan
25
28%
23
24
1.000
22%
13%
3,500
10% Jan
5%
2,000
.5
3-7%
39Y4
1,650
35
35
'
5.
-'38 Vi
—*
23%
24
11%
22%
/13 %
^ ,5-'
"2%
26%
11%
,
"•2%
a 27%
*11%
'•
3
v
Jan
1
•
5% Jan
Jan
39%
Jan
35,
Jan
37%
Jan
Jan
2%
2Va
11,500
2%
13% Jan
37%
100
Jan
26
Jan
29
Jan
2,200
llVa
Jan
13%
Jan
4,800
2%
Jan
3%
Jan
250
28
lsf%
2%
v
3
,
106.
33% Jan
Jan
106
Jan
108
109%
Jan
110% "Jan
20
110%-
23
17
150
100
.33%
107 VB
lie
33
107.
t
llOVa
110%
Jan
112%
x26
Jan
5,000
110% 110%
X26
12% Jan
13%
.'25:
9% Jan
9%
Jan
Jan
Jan
9%
Jan
1 6%
15 Va
27%
380
110
Jan
Jan
8
Jan
9%
Jan
5%
Jan
6%
Jan
29%
109
14%
11% Jan
V?;'
3,1.00
140
»•
Jan
125
105% Jan
.108%
Jan
Jan
Jan
Jan
28'%
Jan
114%
Jan
86
76
20
Jan
Jan
8%
6.000
9%
3,100
8%
600
2~
v:
m
Jan
.9%
29
100
Jan
-
33
13%
Jan
30 "'Jan
33%
Jan
3,200
12
Jan
14,
Jan
50
100
Jan
103
Jan
Jan
15
Jan
23%
Jan
200
33%
14.
"
Jan
23% Jan
Jan
23
Jan
2A
31%
Jah
Jan
'
*'
j
.'y
v
103
100
103
13%
200
14%
14%:
take' Shore Mines Xtd——.
21 y<
22%
10%
10.400
Lakey Foundry 8c Machine..
Lamson Corp of Delaware-
11%
3,100
Lane Wells Co common...
20
13%
20%
11%
500
—1
Brewing Co
Krueger
Jan
9
1% Jan
103,600
29
'A 29
13%
;
-
■
,
76
23%
7% Jan
8%
9%
2%
23%
Jan
89
Jan
22%
10
86
76
33%
KresgeDept Stores—.
4% convertible 1st preferred
Jan
15V2
Jan
22%
7%
■
8%
Corp common.
Kobackfer Stores new common,,,;
..
Jan
Jan
6% Jan
76
'
23
Knott
26% Jan
7%
12
22 Yt
.
250
3,900
86
-
7% pfd B—
106
,
■
Jan
Jan
20
25% Jan
Jan
23
800
7
15%
29%
preferred.—100
30
5,100
400
;
Jan
121%
Jan
18% Jan
100
1,600
Jan
27
114% Jan
6%
29%
8
-
Kingston Products.—,,,„ —.....1
Kiiby Petroleum
———————.1
Klrkland Lake G M Co Ltd'
I
Klein (D Emil) Co common
•
Kleinert (I B) Rubber Co—
9
18%
25 Va
18%
121 Va
10
12iy2 121%
'25
100
6ft preferred P—........—100
King Seeley Corp..——————I
Jan
150
27
121%
<
(Walter). As
Kings Co Lighting
Jan
Water Gas & Elec Co—
changed to
1,550
101% 104
23%
Co—
Kimberly-Clark Corp—
Jan
17%
200
—
nreferred..
convertible
Jan
Key Co common
8%
2,600
750
—•
100
Plywood Corpi.—I
Public Service $6 preferred—*
Rayon Co A stock
—•
Shareholdings Corp com
—1
Name
——-
preferred—100
Jan
12%
,
100
General Fireproofing common.
General Outdoor Adv 6% pf<L
*6
95
—..—...—
Inc...—.—— „
Ken-Rad Tube A Lamp A.
4%%
preferred series A———.—10
Co
14
50,
ord reg
—SI
General Finance Corp common—1
Gen
Jan
a.
28 Ms
—————1
—,—.*
97
300
commoi
Amer dep rets
General
92%
23%
—10
Kennedy's
Gen Electric Co Ltd—
General
Jan
40
:
93%
-
1
Jeanne^te Glass Co.—
Jersey Central Pwr A Lt 5%ft pfd—100
6% preferred—!———. —^.^.—.100
7 % ■ preferred...—i.
.,—.—100
Julian & Kokenge Co
•
10% Jan
200
General Alloys Co.
General
95
Jan
31
2,000
preferred.
General
Jan
116
114
,
Jan
20
-
,
Jan
96% Jan
129
Jan
5,200
130
preferred
...
Jan
Jan
90- *' Jan
—'
a
Royalty...—•—
voting trust ctfs—*
Kawneer
Warrants
Jan
70
80
-
95
i-92
102%
Razor -BCorp com—-18
KansasGasA El se 7ft
5%
14% Jan
30%
Jan
Jan
,
450
15%
96%
Gellman Mfg Co
12% Jan
28%
-
A Malt common
Co
200
Jan
29%
14
29%
14%
20
Power
1,100
30%
Jan
Jan
27% Van
1,000
9
28
Qarrett Corp common.
5%
14%
93
Utilities
Italian Superpower
5%
400
5%
5%
(Geo A) Co——
Gatineau
Jan
114% 115%
94
Iron Fireman Mfg
Jan
6
Jan
15%
Chemicals-
Interstate Power $7 preferred,
Investors
35
31% Jan
100
15%
Jan
'
28
Products
International
29%
Jan
13%
15%
:
62
1
International Safety
Jan
Jan
137/a
300
shares.—
International
7Va
2,100
T—£1
industries
:
•*;
Jan
15%
'
Jan
8%
Warrants
7%
30
International Petroleum coupon mi—•-
Registered
Jan
200
'
Franklin Stores
$3 conv stock
4% convertible
68%
x28
2,400
35
Jan
7% Jan
67
20
8%
(Peter) BrewingCo Distilling
Fuller
Jan
11%
Franklin
Froedtert Grain
25%
75
bearerFort Pitt Brewing Co
Fox
J an
23 Va
900
rets
dep
Jan.
200
80
11%
Ford Motor of France—
Amer
Jan
14%
24%
I 75%
;
Metal
International Minerals and
Jan
80
Jan
Jan
voting-
B
26
Jan
78
25
Metallurgical
m—•
Fedders-Quigan Corp ...——
-1
Federal Compress & Warehouse Co—21
Fire Association (Phlla)—
1>
Ford Motor Co Ltd—
;
Am dep rets ord reg—
.11
Ford Motor of CanadaClass A non-voting—
*
Fansteel
Class
Jan
275'./ &
32%
14%
series——
$3.50
international
Jan
86
23%
Brewing
Falstafl
88
85
pfd
conv
J
International Investment Co_—
Jan
A Airplane
Palrchlld Camera
Fairchild
High
Jan
15.
International Cigar Machine—
International Hydro Electric—
Preferred
Low
25
3,400
7%
14%
Indianapolis P A L 5%% preferred. 100
Indiana Service 6% preferred—___100
7 %
preferred
.—100
Insurance Co of North America
10
55
Jan
18% Jan
-
7%
^
*
—
-
Range Since January 1
n",- ;_V '
i
;,,y
32
Industries—
Chemical
dep rets regls_____
Ireland
Jan
24,900
58
common———-*®
Eversharp Inc new common
Jan
52
29%
30%
Co—.
Imperial Oil (Can) coupon
——•
Registered
.
Imperial Tobacco of Canada
I
Imperial Tobacco of Great Britain A
31%.Jan
75
4
Am
Jan
55
15%
-
*
Esquire
Inc—
Eureka Pipe Line
3%
24
Jan
50
,
Imperial
11 ya Jan
40
14%
14
4
—10S
preferred.—.
convertible
$3
52
110% 110%
Equipment———•
Equity Corp comtnon
31
51%
*J*
common
Jan
19% Jan
—
1,700
5,400
54%
150
Jan
6% Jan,
14,600
,
preferred
—-—--—
District Electric 5% pfd—IW
5%
11%
52
53%
!■
Empire
8%
11%
——
142
200
.
High
Low
Zinc
Shares
of Prices
Sale Price
Illinois
far Weak
Rant*
Curb Exehaago
York
High
Low
150
142
A..—*
Light 2d pfd
Option
warrants
Eleotrographic Corp
Elgin National Watch Co
High
Low
fSb
i
New
fsr W#sk;/'":: //'
^
Shares
Range Since January 1
/:■ L»«t
T':</Bangs i/
Sale Price
of Prices •
Curb Ixehangs
Electric Power A
Elliott
Sales
STOCK
STOCKS
Maw York
International Investment Co
•
Geoigia Power $6 preferred
$5
preferred
Gilbert
(AC)
*
*
common
*
Preferred
Gilchrist
Co
—•
Gladding McBean A Co.
Harvester
Gleaner
Corp
.
Coal..
Gobel (Adolf)
——•
Inc common
$4.50
Consolidated
Goodman
—SO
:
class A
Inc
—•
—
preferred
Mfg common
*
—10
,
,.
„
Graham-Paige Motors $5 conv pfd
SB
Grand Rapids Varnish.
—1
Gray Mfg Co
■
Grayson Shops (Cal)
*
Atlantic
Non-voting
7%
1st
Pacific
A
Tea—
stock
common
B
;Class
,,
110.
Jan
42 %
Grocery Stores
17%
Products
Gulf State Utilities $4.40
pfd—100
115%
Jan
Gypsum Lime A Alabastino——•
14'%
Jan
Kali
Lynch Corp
Co
Paper
Hartford Electric Light
Harvard
Mapes
ctfs
\
Marion Steam
Dept Stores common
Hecla
Mining Co_
Helena
Rubinstein
.
Class A
Heller
■imm*
Co
:•■
common
16%
—
5%%
preferred
Henry Holt A Co
w
w
109
""][
common
(R)
44
Hormel
75%
79%
14
14%
2,000
*
26%
25%
27
41%
44%
■
•'
/
80
Stores
•
40%
40
40%
37%
36
38
250
79%
Jan
143/4
Jan
t
22%
Jan
44%
27
Jan
Jan
Jan
.
;
(Harvey) Inc..
Humble Oil & Refining
Hummel-Ross Fibre Corp
Hussmann Llgonler Co.
■
32
33
49%
49
12%
28%
1,700
40
;
Jan
Jan
43%
115
36 ■/ Jan
39%
Jan
Jan
350
31%
Jan
33%
Jan
51%
4,800
48%
Jan
51%
Jan
12%
13%
2,600
12%
Jan
14
Jan
27%
28
500 V
27%
30%
Jan
48
300
45 »/a
Jan
48
Jan
16%
400
15%. Jan
17
Jan
8
8%
4,200
8
Jan
44%
150
■43
Jan
6%
100
47%
16
15%
8%
common
1st preferred
Hydro Electric Securltic
Hygrade Food Products.
;
25
6%
23%
25
1,400
|
Jan
'
.
9%
5 .46
Jan
22%
6%
Jan
25
Jan
Jan
Jan
Jan
;
-;
•
Dividend
arrear
For footnotes
see
page
33
33%
72
73Vi
18% :■
ctfs.
—
18%
19Va
493.
•/-
1,800
/
800
7,700
33
Jan
70% Jan
18%
Jan
35%
'
75
19%
Jan
preferred.!
26%>
Jan
28 Va
1.200
23
Jan
30
Jan
Jan
30%
Jan
Jan
Jan
15%
14%
1.500
5.900
Jan
Jan
27%
3 /-■
Jan
Jan
107%
Jan
94
Jan
97%
Jan
11%
Jan
111%
Jan
2%
Jan
104 Va
1,150
7,200 #
/, 70
$2 non-cum
Co
common
Midwest
Oil
Piping
5 %
*—
Abrasive
Mid-West
Co
&
Supply
Refineries
Wohl
Co
common
preferred
conv
Mining Corp of
Minnesota
Mining
Jan
Minnesota
P
&
L
112%
38
46
Jan
Jan
Jan
ii
.
8% Jan
2,400
7%
Jah
200
8%
45
39%
Jan
48
Jan
Jan
40%
Jan
18%
Jan
1
^
14%
18%
3,600
12%
Jan
3%
4%
14,700
3%
Jan
4%
;
13%
13%
1,000
13%
Jan
14%
Jan
94%
18
Jan
94%
Jan
•4%
13%
& Mfg.,
5% pfd_.
19%
18%
20%
2,900
17
Jan
22%
43%
225
42
Jan
45
Jan
17%
16%
18
2,000
16%
Jan
28
30
2,600
28
Jan
18%
30%
:/;
S/i
Jan
42
28'
Jan
8%,
9%
9%
23%
24%
1.900
23%
Jan
22%
26%
7.800
19%
11%
9%
11%
800
•
10
10
■
11
12
^58
~8%
.
*
a%
11%
9%
Jan
9%
58
8%
1,700
16
500
17%
16%
.4% ;'v5%-!'
*
~lVa
6%
•
10
2,600
16%
6.400
12,100
Jan
17%
Jan
5%
Jan
200
;
',
9%
Jan
20%
:.i
Jan
58
Jan
Jan
Jan
12% Jan
ii
Jan
4%
'■
Jan
11%
Jan
■> '
Jan
110
Jan
11%
14,600
Jan
11%
Jan
5.800
58
Jan
26%
Jan
73.7O5
12%
8%
109%
:
Jan
25%
Jan
24%
Jan
10
8%. Jan
5.100
25%
1
25c
*15
11%
13%
20%
23
;
~3%
24%
16%
Jan
17
3%
22
20%
3%'
22
32%
32%
38
38.
8%
10
"
1
1
-50
11%
11%
38%
38V2
8%
8%
-
31
10%
.
,
ws V
50
5%
11%
.
—
v":/
Jan
Jan
22
Jan
16
Jan
35
Jan
7
5,000
—
.
Jan
Jan
0. 40%
Jan
9%
Jail
■
45%
;•?
•
Jan
Jan
,73
8%
Jan
■,/
Jan
33
24%
,,
:
4
/'
-
12%
6
Jan
-33%
Jan.
97
Jan,l';
A
47%
Jan
Jan
38%
Jan
2,300
il 10%
Jan
9,300
31%
Jan
11%
1.900
-
5
30
5%
18
36%
7,900
.
;
Jan
32%
m 575
12
38%
;
"
Jan
20%
100
32%
36%
—* •"
50
Jan
24%
3%
1.300
13%
15
•■
a
8
-•
100
Jan
43%
Canada—.—I
Jan
■
40%
7%
45
dividend shares——"
common..
12% Jan
•
'
,
$2 conv preferred—*
Midland Steel Products—
Mid; ale
4^
19% Jan
15% Jan
:
100
\ i
Corp
'
16 Va
83,500
*1
—
West
■
26
14%
'■%. 11 Vt
—1
2.50
Class B v t
Middle
'
33'%
73%
preferred
Jan
Jan
Midland Oil Corp
Miller
conv
42%
21%
300
—.—.———*
Preferred
Mid-West
5%
42 ■: /. Jan %
100
23,200
y
8
-10
Micro ma tic Hone Corp
*_—-——1
Middle States Petroleum class A v t c.l
•
Midwest
Illinois Power Co common.
Jan
600
23%
.
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co..
Jan
43
,
$2.25 preferred.
Com stk purch warrant
3%
43
—*
Textile Corp
Participating
Jan
Jan
27
—.—1
Messabl Iron Co
Metal
Jan
2%
Merritt Chapman A Scott-.-.-—.
•
IU Warrants- .....——il—.——«*■':■■
6%% A preferred—
——100
J an
41
96%
1
Memphis Natural Gas common
8
Mercantile Stores common——-——*
Jan
22%
20%
115
«.«.''■■■
Corp..
iHubbell
Huyler's
Jan
Jan
Baking Co—1•
preferred
Howard
73
40%
-
'V
V-'-:
43
44% Jan
,
137/a
'
750
•
40 if Jan
i
1,400
14%
Horn & Hardart common
1
1,600
79%
A Co common.—•
Horn & Hardart
5%
44
Jan
Jan
3'/a
100
80
~3% "3%
15
Mead Johnson & Co--
§
Inc
(Geo A)
42
80
30 Ve
Dredging...—1—I—i—*
McWilliams
25
1.10
A Co class A
Hollinger Consolidated G M
Holophane Co common
Horder's
16%
109
2i%
10%
Jan
9Va
42%
;;
27%
Shovel
i——
Association v t C
$2,50 preferred
—::-0i
Hey den Chemical common—.———2 Bt
Hoe
:/f0.
•
fcrrv.i
Jan
Jan f
73
2,300
23%
—1
Massey Harris common
*
McColl-Frontenac Oil Co 6% pfd—100
McCord Corp common————*
Mass Utilities
Jan
13% Jan
21 Va
Mfg Co————*„
Consolidated
Marconi Internet Marine
Communication Co Ltd
l
Hat Corp of America B non-vot com—1
Hazeltine Corp..
Hearn
...
,
optional warrants.——
.
Rayon voting trust
Brewing Co
32
Jan
Jan /
*
Mangel Stores common
Manischewitz (The B) Co—
Ltd.
Hammermill
Hartford
common.,
Manatl Sugar
Lamp Co..
Bridge
Hamilton
10%
vl7%;
ctfs of dap—.—.
preferred A ctfs of dep.
6% preferred B ctfs of dep———
Louisiana Land & Exploration
ul
Louisiana Power & Light $0 pfd
*
Jan
Jan
10%
20
7%
Jan
13 %
25e
common
.9%
~3%
43
•
Greenfield Tap & Die
Jan
37%
Common
Jan
20%
v.——1?
common.
Lighting Co—
Long Island
Jan
135
2S
Paper
,,
Jan
Jan
26%
Lone Star Gas Corp
.*
—100
preferred
Great Northern
,11%
80
Locke Steel Chain
-
13%
19%
700
■r
preferred—.———•
preferred —I——•
Leonard Oil Development———28 Le Tourneau (R G) Inc.———J——.1
Line Material CQ.*—i—.—8 /
Lionel Corp ——
-10 :
Llpton (Thos ,n inc 6% preferred—*281
Lit Brothers common..—
•
Loblaw Groceterias Class A—
*
Mines— —1
Gorham
Great
10%
Realty common
Jan
Jan
8% Jan
Prior
—•
Mfg Co
$3
—i
•
Convertible
—•
—
prior preferred
Goldfield
Gorham
11%
Lefcourt
—•
10%
11
Lanston
1
GOdchaux Sugars class A
Class
B
21% Jan
6.200
31
Langendorf United Bakeries class A*-"
Class
B—
Monotype Machine
SJf
.
Alden
Glen
9
Jan
•
U
'
...
Jan
Jan
Jan
M
11% Jan
1
Jan
'
,
163 >77 Numbe^;;i459'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
:■
STOCKS
Week's
Friday
7-7:
Exchange
7:77
>7:';'.':'Y.Y>'-17:->7
of Prices
Low
For
■
Sales
.
New
Shares
■.
LOW
Missouri Public Setvi^a common-.——*
32
30%
32
800
30
Molybuenum Corp.—....-....-.——-1
Monogram Pictures common——..—1 ;
6%% conv preferred
10
Monroe Loan Society A
1
Montana Dakota Utilities new com—6
17%
16 Va
15
9y»
7%
17% 7; 6.100
9%:
20,000
Montgomery Ward A...
—T.——
Montreal Light Heat & Power
•
Moody Investors partic pfd
Morris Plan Corp of America10c
12%
13
City Copper common
5c
Producers
10
9%
Mountain
States
28%
Jan ?
:7v 100
V.
22%
Jan
100
144%
18%
16
,1.
ui) iim in
"
"— — —
-
10
~9
10%
25%
26%
1st
preferred-
Pratt & Lambert
Gold Mining
Premier
Prentice-Hall
Jan
Pressed
Inc
45
Metals
National Breweries
1%
preferred
.
National Candy Co common
National
1
common
City Lines
National
Steel
Jan
Providence
Jan
Public Service
19%
Jan
16
Jan
:
7"
Jan
40
New
Haven
Clock
28%
16%
Jan
24%
Jan
■'
18%
1,200
17%
Jan
•
t
.
Jan
20%
Jan
22,700
2'/a
Jan
2%
Jan
15%
15%
600
14%
Jan
16%
Jan
10%
100
10 Va
Jan
10%
Jan
.100
40
106%
Jan
108%
Jan
10
112
Jan
112
Jan
H 0 cn 7?
Jan
110%
Jan
23
Jan
24'A
Jan
22'A
Jan
Jan
•?.
108% 108%
108%
112
112
110
.100
110%
Jan
13 %
Jan
3%
Jan
New^ Idea Ino common
•
-
Jersey ?lno——_
New Mexico
———29
Arizona Land
&
—1
—
50,400
7%
Jan
.7
80
108%
Jan
—
' V
16
19
19%
*
2,500
20%
l
300
16
'
21
16%
1,000
7
11%
11%
11%
88%
91%
77
129% 133
131%
42 V*
31
30%
31
79%
77%
Y
7%
Jan
21
N Y State Electric ft Gas S5.10
N Y Water Service 6% pfd
Niagara Hudson
7
:
Jan
22
19
Jan
Jan i
12% Jan
94%
10
0 % 71st ■■ preferred————^.100
.',."6 ft."2d preferred
:
^y-lOQoptional warrants
Niagara Share Corp class B
■'■AVzVo
pfd~*—~
conv
Niles-Bement-Pond
Nineteen Hundred
5
com
31
Jan
133%
Jan
46
Jan*
300
30%
Jan
32
Jan
900
1
8
72
Jan
81
Jan
5,200
11%
.
7%
1,600
64%
500
20
700
111
111
120
91%
8%
Jan
9% Jan
57
Corp B
1
104% 105%
360
103%
Jan
106
173%
171
173%
17% 18
110 7
167%
Jan
173%
64%
Jan
28%
111
10%
Jan
95
Jan
Jan
10%
Jan
2,725
320
112
114% 115
11%
2%
.2%
11%
.
1%
7,200
11%
105.
8%
117
11
2,300
105
20%
17%
17%
18%,
3%
3%
12,100
200
,
4
Jan
115%
Jan
7 20%
20
Jan
3% J6a
,
>74 ,7
'77'
Jan
Jan
4%
Jan
Jan
33 Va
44%
3%
25%
24
34>/2
v
37/a
33
>
32%
V#
Co y t c—V
Jan
39%
Jan
55
Jan
58
Jan
13,300
1,500
"24 Va
Jan
28'A
Jan
32%
Jan
37%
Jan
3,700
25%
Jan
347/a
Jan
42
Jan
49
Jan
60
v
44%
1,000
4%
15,700
Jan
4%
8
Jan
9%
Jan.
2%
Jan
9%
8
9%
11,100
2%
2%
2%
40,800
2%
Jan
^10
105%
Jan
109 *
Jan
20
109
109
7
*
19
; 7 7200
.19%
19
—
Jan
3%
3%
..100
pfd D.
Jan
37%
34%
42
:
32
^
35
33
7- 3%
800
25%,
34
800
875
4%
—....1
Radiator
£1
dep rets for ord reg
Cable Corp
8
——8
common
Art Metal Works
Inc....——.-.8
—1
preferred—
20
Rotary Electric Steel Co
———10
Royalite Oil Co Lta.
Petroleum
Root
Jan
»/4 Jan
Co
22.
Jan
25 V2
Jan
1,100
22
Jan
26
Jan
6»/4
/: 500
6
Jan
10%:
1,800
9%
23
24%
700
23%"
24
25
6
6
Jan
9%
Ryan
36
6%
6J/2
*
9%
7%
6%
8%
9'/a
Ryerson ft Haynes common.
?
800
.38%
■
Jan
Jan
ll'A
Jan
20
35 y»
Jan
39%
Jan
19%
7
6
.1
Aeronautical Co
Consolidated Petroleum.
Ryan
Jan
Jan
19%
Jan
Jan
-2%
Russeks Fifth Ave
Jany*
6%
20
10%
$1.20 convertible
Jan
:717%
17,400
23%
>/*
•
Stix Dry
Roosevelt Field
Jan
105 ;
Jan
23%
55%
Am
2% Jan
y 12%
95/b
Jan
39%,
Ronson
Jan
Jan
Jan
21%
55
Rome
122% Jan
105 V Jan
18% Jan
30
18%
Jan
6%
1.050
37V4
Rochester Gas & Elec 6%
Jan
85%
96,500
119% 122%
'
71,600
55
Roeser & Pendleton Inc
Jan
Jan
'7
Rolls Royce Ltd—
Jan
20
22
39%
Richmond
Jan
Jan
ilO
Jan
Jan
9%
7%
»%■
3%
Goods
Richfield Oil Corp. warrants
11% Jan
Jan
Jan
'
18
Jan
16
15Q
22%
Rice
Jan
18%
340
94
9%
10%
122
20%
Nipissing : Mines——.———8,
18
Raymond Concrete Pile common..—
«3 convertible preferred
•
Raytheon Manuf acturing common—50c
Reed Roller Bit Co—
*
Reliance Electric & Engineering
6
Jan
-
28
100
-
•
Jan
1
10
Rath Packing Co. common
Jan
19
19
~2%
B
15%
common.—..—.—.—.*—*.10
Voting
Jan
Jan
option Wftmnta.
Railway & Utility Investment A
40
10%
100
Power common
20%
1,200
■'
R
Jan
Jan
128! 7
,7" "275
61
pfd.100
y
Class
'
1
——
150
17%
•
& Light Securities
Railway
Jan
88% Jan
10
-
shares———
21
%
17
CO——
Power
Rio Grande Valley. Gas
11%
Merchandise
20%
105
.100
preferred..—.—
Radlo-Ketth-Orpheum
Shipbuilding Corp—
Founders
K';
77-:..
Jan
11%
l5o
;
79%
7%
i
43%
' '
—
N
;• 300
•'
17
.6
.16
10% Jan
110
12%
950
N Y City Omnibus warrants—'—i——
N Y & Honduras Rosario
10
N Y
24%
Jan
Jan
4
19%
1,350
90%
■
6%
Quebec
New Process Co common-—-.——*
N Y Auction Co common-
225
'
Jan
7'
'7
110
20
20%
—
23%
23%
1)
Jan
15%
22%
1,000
10%
9%
110
—
Jan
12,500
2%
Colorado— 7
Quaker Oats common—
Jan
23%
100
10%
"
19%
8,800
14'A
4 7*
•
-
15
20%
15%
Pyrene Manufacturing
Jan
20
100
30%
-
Jan
85
2%
Jan
Jan
23'A
TeLi-J^uiilOO'
Co
Jan
,2H
Jan
Jan
Jan
14%
preferred*.***——.
New England Tel A
New
17%
3%
preferred—.100
'$2
•
M.
45%
<7
Jan
Jan
21%
Y
13%
—.
Jan
2%
Jan
42
55%
22
23'A
Neptune Meter class A————*
Nestle Le Mur Co class A
—•
New England Power Associates—.*
6%
?•
22
3%
-
6%
Jan
Jan
500
30c
Radio
44
200
'
104,400
17%
i
of
' ;
2U
2%
6% 1st preferred
1% 1st preferred
7
Jan
3,300
16%
13%
Nebraska Power 7% preferred——100
Nelson
(Herman) Corp
8
28%!
16,800
27
14%
16 JA
1
*
common
Jan
5%
Jan
*
25
18%
Ltd
National Tunnel & Mines
Union
24,500
-377- 38
1
1
National Transit——————12.50
National
""*>
26%
-—50c
——*
Machinery.—
Car
6V2
27
19%
America.
Jan
42
—*——25
SYa
common
National Fuel Gas..———
National Mfg & Stores common
National Rubber
5%
6%
•
common
Jan
Jan
10 %
of
Corp of Nevada
Prosperity Co class B
Pyle-National Co common.
23 %
10%
82
Producers
Gas
2'iV
21*
Puget Sound Pulp & Timber..
600
Jan
22'A
2,300
common
Jan
N
27%
Jan
8'A
Y
,,
100
_
Co
$5 prior preferred—
26'A
Jan
27%
18,200
'■*
High
7%
Jan
Jan
6%
24
Puget Sound Power & Light—
Nachman Corp
National Bellas Hess
>
•
Canada
148%
-
15%. Jan
1,100
1,200
7-
44
Alexander..
10%
Jan
200
19%
15%
Jan
■7 5
;
Jan
19
Low
7%
25%
25o
28%
Jan
26%
Range Since January 1
High
10
common
28%
7
Jan
Mountain States Tel & Tel
6%
Jan
50
Jan
.
7 28 %
i.*
common
common
Jan
Shares
Low
17>
Mining Co
&
for Week
Jan
•
9
Scale
Power Corp of
9% Jan >,7' 7-10% Jan
4
4,300
Powdrell
202
;
'
16,000
9%
Jan;
4% Jan
•
•
.2%
—•
Power
Murray Ohio Mfg Co
Muskegon Piston Ring
Co
:
4%
9%
4%
Mountain
41/4
28%
Mountain
-7
Polaris
13
Jan
Jan '
47
7100-
Jan
19
,
,
20%
>4,800
10
Jan
Jari
197
260
200
49
9%
9%
'
4; N Jari'';;'. 7
11%
2.400
22
49
—
Muskogee
13
197% 202
20%
■y-
9 %
Pleasant Valley Wine Co
Pneumatic
Sales
Range
7:V7:-7;:7v».:<, .'7777 Pgr7 7
,
31% Jan
17% Jaan
Jan
Week's
>t)7 Uit
Exchang*
Sale Price 7
High
7
Jan
,
18
199
••,>>7
7%; Jan ^
7 900
4%
4
Curb
Range Since January 1
High
-
York
of Prices
Friday
777:,7;;y STOCKS
Week
,7
.Ranee
Sale Price
EXCHANGE
RANGE FOE WEEK ENDING JANUARY 25
,
New York Curb
491
6 %
'6
9%
Jan
Jan
8
Jan
Jan
7 8%
3.800
3.000
1,900
'
7%
Jan
Jan
.
Jan
vfei':
Noma
Electric————..!
Light ft Power common—1
preferred——
North American Rayon class A
•
North Amer
16
■
Class B
7 6 ft
common
33%
9%
30
33%
9,300
30
9%
8
140
141
24,800
150
140
141
50%
51
7%
300
7
33%
Jan
Jan
79% Jan
146
Jan
49%
Jan
51%
Jan
50%
North
American
Northern
Utility Securities
S
Northern Indiana Pub Berv 5ft
Northern Natural
Northern States
7%
•
Central Texas Oil
•7400
8%
9
20
9
6%
100
21
18%
5,500
104
110
110
7
110
•7
9
6.700
7%
Jan
7 8%
2,350
33,500
29%
Jan
33 Va
Jan
10%
Jan
11%
Jan
87/a
8 J/a
9
12,200
8'/a
Jan
9%.
9
9%
2,900
7797:7
Jan
8
3%
3%
4
3%
Jan
Class A $2
Jan
21%
Jan
104
Jan
;;
Jan
25
108%
Jan
51%
50
51%
2,175
45%
Jan
50
47
52%
10,200
3,500
45
Jan
54%
Northrop Aircraft* .lac—1
Novadel-Agene Corp...
•
13 ti
12%
13%.
38%
38
39
110
Bchiff
Jan
prel—
conv
Savoy/Oil. Co...--—————
51% Jan
25
A
8%
29%
10%
31%
10%
Ltd.
Bt Lawrence Corp
8% Jan
Jan
8;
Jan
18% Jan
20
pfd—100
Gas
Power class
7%
31%
Jan
prior preferred——————..SO
Northeast Airlines-—.1
North Penn RR Co
50
8%
60
8t Regis Paper common.^——-8
Bait Dome Oil Co
—..—1
Samson United Corp common
1
Jan
50%
•
.
Jan
Jan*
Co
Bchulte
common—,——.—1
25
25
•
Spring Brook Water Service—
(D A)
12%
Jan
13% Jan
35%
800
Jan
39
Scranton
Jan
,7
-
4
Ohio
•
Brass
class B common.
Co
Ohio Power 4%%
preferred
Ohio Public Service 7%
3%
3%
100
;
1st pfd
ICO
15
common
,,..,,,.1
nr.
Jan
34%
Jan
•
117%
130
116% Jan
118
117%
60
117:
Jan
118% Jan
20
110% Jan
42 A Jan
111%- Jan
44% Jan
111% 111%
44%
43%
400
44%
Overseas
j
;
15%
Jan
Jan
16%
Jan
18
15
18
500
12%
Jan
18
22%
24%
600
18 Va
Jan
25
Jan
Pacific Gas St Elec 6%
6% %
;
,
»
28
preferred————25
Lighting $5 preferred
•
Pacific Power
Pacific
&
Public
$1.30
1st
Light 7ft
pfd
100
Service
_
new
Motors
Parker Pen
common
105 %
113%
ft Elec
Penn
Power
Penn
&
class A
Co
•
„
new
14%
4Va
4
26%
100
26%
Jan
27%
Jan
28'A
27
11%
13
10%
11%
18
62
Piper Aircraft Corp
Shs
7%.-
59%
—
RR
see
pa?e
34
Jan
300
7>:77
27%
27%
150
20
common
preferred
Simplicity Pattern
22%
2,725
1
-100
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
6%
6%
352
300
48
48
——*
common——
7Va
240
7%
£1
—•
>7,400,
360
352
200
7%
400
.
58%
60%
;■
7—U.
31%
31%
31%
17%
19%
6,700
Solar
Manufacturing Co————
13%
12%
13%
10.600
Jan
8%
Jan
Sonotone
.775%
18.000
.
83
54%
"7
114
21%
Jan
Jan
Boss
Jan
South Coast Corp
South
9
Jan
Jan
8%
•
81%
Jan
62
Jan
Jan
48
Jan
17%
Jan
21%
14%
Jan
18%
Jan
Southern
31%
Jan
32%
Jan
Southland
16%
Jan
17%
Jan
*
10,'7
.14 77
7:~5%
9
-7-
13%
6
10%
14
200
27%
75%
75 7?
10
27%
25
75%
27%
5
7,300
14,500
1,500
5%
7%
13
12%
14
<
7.1.700
700
9 Va
9
1,040
1,500
—
—10
6%
Jan
Stahl-Meyer
Inc
Standard Brewing
Jan
10%
Jan
Standard Cap & Seal common—
Jan
Jan
46
Jan
73%
Jan
75%
Jan
24%
Pipe Line
Royalty Co
Jan
14%
Jan
28%
Jan
Spalding
-5
50
1,400
preferred
Jan
Jan
Jan
12%
Jan
16%
Jan
9%
7
Jan
20%
Jan
130
Jan
142%
Jan
Jan
lllVa
Jan
25%
Jan
27%
Jan
20
Jari
23'/a
Jan
48
Jan
48
Jan
6!/a
350
7'A
Jan
374
Jari
Jan
13%
Jan
,7y 5%
Jan
14'A
Jan
7':
Jan
:" 5-y Jan
12 ya
Jan
Jan
20%
17% Tan
HVa
Jan
7%
7% Jan:
Jan
ir
Jan
«:
10'A
Jan
56%
Jan
62
Jan
Jan
33
Jan
,T;
47 V2
Jan
32
Jan
Y
31%
Jan
9
.1
45
47%
31%
31% .32
600
31%: Jan.;
31
31
300
30%
150
Jan
13
13%
300
13
Jan
11%
12
200.
ll'A
Jan
1500
16
Jan -7 7
18 %
7
75
31
12
16%
16%
16
84
r91
:
7
92
7
10%
10%
—-
Co
Jan
5lA
45
9%
7%
7%
."3%
2%
3%
150
2.78
-J
42%
39
>43 .7;
41
IV*
y*
70
4,000
Jari
Jan
.150
14%
•7 12
..
6%
*>
v
Jan
Jan
Jan
Jan
Jan
92
Jan
9'A
Jan
10%
Jan
8'A
Jan
Jan
v.
>. 7'/a
Jan
4.000
2%
Jan
3%
5.400
35%
Jan
42%
Jan
44'A
1.450
37
Jan
44 V4
Jan
7%
6.600
6
Jan
7%
Jan
25%
25
7
44
42 Va
.
10
Standard Dredging Corp common
1
$1.60 convertible preferred
20
Standard Oil (Ky)
—10
Convertible
10%
7;
59
Edison— .77,77,
Jan
Jan
Jan
56%
Pipe Line..—.——
California
30%
Jan
29
Jan
Jan
31%
9%
(A G) & Bros pfd
Spencer Shoe Corp—
——
46
—.50
7
Jan
3,200
...
15%
Pa
99% Jan..
Jan
58
—
original preferred
——25
:
16% preferred B
—25
iVr5%% preferred series C
25
Southern New England Telephone—100
Southern Phosphate Co
10
200
7*:
:
13%
common
Oil
5%
'
49%
Penn
Southwest
Jan
5%
Manufacturing common
Southern
Jan
Mills
—
Jan
115
7
Jaan
Paper
Corp
Jan
.
550
17%
.
17%
Jan
78%
>7 2,600
18%: 7
19%
28
187/a
28%
48
16 ,7.:
17
Co.——
Jan
1,800.
19
27%
Aircraft
7%
•'..•".v
18%
•
Solar
2,500
81'A
•
7
:
Jan
Jan
(Howard)
Jari
104
Ltd
Jan
Jan
:
110%
700
48%
Jan
34
,
Jan
Jan
13,100
Jan
7
4% Jan
Jan
19%
9%
20%
140
65
52%
8%
Jan
28
Jan
8%
139
•
of Canada
21%
Jan
Jan
Jan
26
774' :75
Jan
1: Jari;/,
Jan
8V2
7? 20%
1°°
convertible
Smith
'
147/a
9%
—
Simmons-Boardman Publications—
$3
•
300
16%
Jan
600
7%
—.—50
Metallurgical.—
Jan
82
TOO 7
1,200
114% 7
7%
19%
1
Pittsburgh ft Lake Erie
footnotes
.7
7% ;7 7%
114
80
2
com
Jan
17%
25
83
54%
•
Ltd
85
7 8
1,900
19%
83
25
—
Jan
Jan
Jan
Co
4,100
61%
1
19,800
•
pfd
Pitney-Bowes Inc
E
"8%
17 y4
l
Ltd Am
Mines
10
77-
54%
•
20
Co
13
20
26%
900
32%
Jan
Jan
Breweries
Silex
Jan
14
Jan
18
50
28%:
Jan
10%
43,000 :
Jan
11%
50
52,700
-23
common
Bherwin-Williams
Blck's
1.900
14,400
20%
Mining——..—..-J
preferred
4%
26%
10
16
■
Jan
7:27
3% Jan
98
Jan
7.
Jan
100
y.
27%IOV2
4%
9%
7%
Jan
18%
Jan
Jan,
25%
Jan
100
Jan
21
6%- Jan:
300
Jan
179
.
101
100
Shawinigrm Water ft Power
Jan
•
Johnson
Gold
For
Jan
"8%
7%
common
34
99%
26%
Bherwin-Williams
5.800
29%
99
9%
Bhattuck Denn
400
25,100
4%
28
j
•
.
28
4%
:
2.400
Jan
46 %
113
5%
21,400
48%
114%
common
Pinchin
Pittsburgh
11%
31%
pfd——100
common
Power 5ft
L
Jan
80
18%
Co
Packing
&
113%
25
Power Co.
Mfg
Governor
Bess
Jan
500
18
2 50
Pioneer
Pitts
113%
„
com—
Light 4%ft
Philadelphia Co
Pierce
160
14%
62
t-
Pharis Tire & Rubber
Pniliips
>7
113% 113%
28 y4
—1
.
Traffic Co
Pblla Electric
Jan
26%
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
;
«
Penect Circle
106%
400
"Jo
Pennroad Corp common—v
Penn-Dixie Cement warrants—
Water &
Jan
7 12%
42
; Jan
Jan
14
i
Peninsular Telephone common
$1.40 preferred A
Pepperell
Jan
2,500
40
10%
Corp
Parkersburg Rig & Reel
Patcliogue Plymoutn Mills
Penn
Jan
40
1.000
43'A
39%
12%
Co
Penn Gas
43%
Jan
13%
42%
40
•
Pan American Airways warrants
Pantepec Oil of Venezuela Am shs
Paramount
14%
38%
13
42%
111*
11*
preferred
Page-Hersey Tubes
Jan
'
1st pfd
1st
27
6
4%
Beton Leather common...——~.
I'
Pacific
6% 7
21 %7.
27
Safety
1
24
Jari
121
Jan
;
Jan
Jan
8
Jan
17V2
300
7.
Jan
162
Jan
4%
Jan
113
5,200
Control
Berrick Corp class B
1
common
7%
24%
20
32
10%
Jan
Jan
9% Jan
44
Jan
42%
800
24%
6 '/4
Inc
B)
(R
340
173
,
19%
18
27%
Sentry
Pacific Can 00
166"
Sentinel Radio Corp common-
Bemler
1,0.00
21
Allotment certificates.——
Jan
22%
22,100
6%
24%
Segal Lock & Hardware
Beiberling Rubber common
Belby Shoe Co
—
Selected Industries Inc common.
•,
Convertible stock....—
$5.50 prior stock
Jan.
.
19%
43
7
Securities Corp General——.—.
Seeman Bros Inc
-
Jan
4
38%;
117
-.„---e
ir,
Omar Tnn——■
3%
250
38
117
117%
6$ 1st preferred—.————JIOQ
Oklahoma Natural Gas
Oliver United Filters w
16,100
3%
37
7%
44%
6%
6%
118
170
seprsferred.—
Bcullin Steel Co common
Ogden Corp common
"7%
44%
7
42 %' Jan
preferred
Manufacturing
Bcranton Elec $6 pfd
Scovill
1,800
•
common—
Convertible
Jan
11 %
26
24%
25 Va
100,
250
24%
Jan
26
Jan
2.300
247/a
Jan
26
Jan
493.
"t''
THE COMMERCIAL &' FINANCIAL CHRONICLE
NEW YORK CURB
RANGE
': - /
STOCKS .VCurb Exchange
'"'•■
■
'
'
Preferred
6
of Canada
& Co common
Stores common
preferred
preferred
Sterling Aluminum Products
Sterling Brewers lnc
Sterling Engine Co——
1st
2d
Sterling
Ihc
Stetson
(J B»
8r,tones
(Hugo)
—
Co common—.—*
Corp
—9
'• >7
••
.
Jan
Jan
Jan
22 Va
Jan
Jan
3%
Jan
,''.'6%. Jan
9%
2%s
Jan
160
1%
Jan
7%
11,600
>
Jan
3 %s
26
6s—.
Appalachian Elec Pow 3V*s
Appalachian Pow deb 6s
9 % Jan
72%
Jan
29%
Jan
500
24
Jan
Elec. 4%s_—_—-1953
lAssoclated
AConv
deb
4Vas
Jan
AConv
deb
4%s
-.1949
■„
28
Jan
/... 24%
9
VV'
8%
Jan
9 Va
8
#M.
11.600
7
Jan
8
13%
14% %
4,700
12
Jan
21%
22%
.225
3%
3%
1,100
24:,/i
s
37
1,600
18
*
800
;
Jan
Technicolor lnc
36%
5s
'■
.
9%
.1
31
15
25%
Tishman
26%
9% ; 10
■
Jan
Realty St Construction
Beii
*
Exports
*
10%
Jan
Jan />
Jan
25 Va
Jan
119%
Jan
2,100
v:>; 9%
Jan
10%
Jan
16,700
21%
Jan
24
Jan
41%
dep rets ord regis
dep recs def reg
Shipyards Corp
Toledo Edison 6 % preferred
Amer
.
19%
Jan
Jan
28%
121
Jan
16
3an
Jan
19
15%
10
;
Jan
71
Jan
1,000
71
3,000
/
Jan
7%
Mining of Nevada
.•.
—1
Tonopah
Tri-Continental
Trunz
2%
4,600
-r-W
'
'
.
Jan
2%
100
Jan
112
30
108
Jan
110
107%
109% 110
•
109% 110%
118 Va' 119%
"
$113% 115
■
1970
107
113
115
105
107%
107%
83%
85'/»
80%
84
85%
82
66%
67 %
66V4
85 Va
86%
68 V e
105
106
103% 104
103'A
104%
105 % 106 %
105%
106 Va
106
105% 106 %
106
106
106
115
60
114
Jan,
116%
108% 108%
107% 107%
107% 107%
t
1
125
123
•
Jan
39%
83
49%*
46
S&——1956
1128 V.
.
49%
106
1105 Va 106%
1965
81
72
144
—1993
———1993
Fuel 3%s
Water Lt St RR
106%
--
Residential Mtge Bank—-
Finland
stamped ——-———196 lv
3%
| 3%
7%
7%
48 V*
-
3%
.
Jan.
90
90
~'i><
-)■•'•
Jan
46
3,400
5
■-,.7:sx7
4%
5%
12,800
3%
12%
6,300
11%
700
15%
1106
5Va
Jan
Jan
Hygrade Food 6s ser A
-Jan ly49
6s series B——Jan 1949
.17%
Jan
Illinois
Jan
'•■- 75
1958 ;/
i
106%
107%
108
101%
102%
107
3
101% 101%
—1953
-.14%
'
.
106
24
1107%
1963
Pow 3%
Mountain
Green
Grocery Store Prod 6s
Guantanamo St West 6s_,
1
Jan
17
Jan
Jan
52
Jan
11%
5
12%
:
106% 106%
160%
3%s A——A 1969
AGeneral Rayon Co 6s ser A
1948
Grand Trunk West 4s
1950
Power
Gatlneau
Jan
3%
'
'2,800
.
>
Jan
6%
2,900
1
5s
«
III
56%
105
107%
.
118'/a 119%
mtge 4s ser B
Elmira
...
......
•54
•
103%
Jan
,
16%
warrants
lnc
28
110
4s ser A
1st mtge
Jan
110
46
Tung-Sol Lamp Works.
'
52."'v
'
mtge 4%s—————1954
1st
Jan
490
110
.
7%
|
54
'
Lackawanna of N J Division—
yji.i
112
3%
—1
-
Delaware Lackawanna & Western RR-—
;
108
.100
•Trans Lux fforp..
Trans western Oil Co
■
114
.100
preferred..-..../,-.-.
7%
2%
2%
55%
.
Jan
9%
'
J"
112
•
V*
1998
6s
2%s————
Edison
Eastern Gas St
•
2%
—
Steel
/
,
'
a:
—
Todd
50
6
...
.
Jan
71
40
a/S/ 'i/;
27
■
fACentral States Electric 5s———1948
V
A5%8 ——I—
A————1954
lAChicago Rys 5s ctfs (part paid)_1927
Cities Service 5s
———Jan i960
Conv
deb Ss—.——1950
Debenture
5s———..——..——..1958
Debenture
St.——1969
Consol Gas El Lt & Pr (Bait)—
:
3 'As series N—..———-4.——7971
1st ret mtge 3s ser P———1969
•1st ret mtge 2%s ser Q——1976
Consolidated Gas (Bait City)*—
Jan
150
■
%'
55%
Jan
i7%
-
Tobacco' Security Trust Co Ltd—
Amer
51%
53%
i; 55
51 Va
118%
Jan
2,200
v;;,9.:
49 Va
.—.A—.I960..*
.
15
17
71
,
9%
>
47
..™—1957
—
Bickford's Jnc 6—t—3963
40
18
w
"<v
51V*
59
'•:
Telephone of Canada—
•1st M 5s series £
Jan
22%
18
1
Stocks
•«
*'/r'
49%
54 Ve
107% 107%
Jan
20
7,200
;
52%
y:
\',
;
:/2:
53 V8
54V«
US
42
16%
16%
Product
■
104
V*
/' 24
t 55% 55%
104%-' >103% 104%
34%
Jan
9%
51%
53
,1
M-S
Jan
21%
,
Co
& Allied
Tobacco
102
41
"
53%
F-A
5%s A
Bethlehem
40
22
Roofing lnc
Tobacco
124
1977
Gen
Tilo
123
51%
•_/'';••■;
.
....
5%s
deb
Jan
35
1,200
J-J -jtfr
•
Jan
14% Jan
,
700
36
119% 120
■
9%
.50c
9%
-
35
....
—2
Thew Shovel
111%
10
124
102% 103%
'
A-O
38%
28
1,100
9%
26
,100
Textron lnc
110
Jan
44
Jan
26%
1,200
*
35
Texon Oil St Land
103%
27
Atlantic City Elec 3 % s~—~1964
3% Jan
Jan
30%
890
40%
14%
<
pfd—
106%
102
.
195c
AConv
Boston
*
Light 1%
105 Va
17
110% 111%
■
103%
F-A
-___1968
——
Assoc T & T aeb
Jaan
22%
3Y4 Jan
500
38
39
—
common
Power St
Texas
6
103 V*
124
..
.
AT-S
1950
■V/v Registered
Jan
Jan
•
14%
Jan
20%
32
2,000
38%
28 Va
1 V-^
105
103
'••
•-
AConv deb 5s
•
7%
U
Cnrp nnmmnn
Co—
High
102%
106 Va
1
106% 106%
J-J
1948
& Elec
LOU)
102
105
102
*105
.,
A-O
Jan
8%
20%
————■
Tampa Electric Co common
2024
Jan
Gas
■>
103%
J-J
72%
A Debenture
Machinery.—..—...^.———*
Sun Ray Drug Co
....1
Superior Portland Cement, In©—
Finch Oil Corp
!>/* Aw/-;
J-D
1970
31
,
"?"*
Sullivan
Awaa
j-J
102
M-S
..1961
Paper
January 1
No.
t r'V
.
"
V/.5s series C
Common
:1960 ];
,—..-.1970
f deos——
Writing
•
Range Since
Sotd
'
102
J-J m
Bonds
High
'
,*H
t aebs
8
3%s i
Amer
Associated
10:.r;
500
72%
31
24"
Low
f debs...—__193Q
i
>
:
Bid & Hsked
American Gas & Electric Co,—r
Jan
21
<
4,800
:,9%:
72%
-■*.
Stroock (S) & Co common.—...,.,
Jah
6%
Week's Range
or
Friday's
Last
Sale Price
Par
148
800
8%
29
*
*
1
60
20
1
1
1
1
Sterchl Bros
Jan
3%
-
73,100
3
7%
:
*
22%
2%
7%
trust ctfs—1
(The) Corp voting
Steel Co
2.000
,
i.i. '!./•/
!
'
22
—-—4
Starrett
5%
5
%
class B
Standard-Tube
(A)
5%
3%
37,800
6%
J
J
Lead
Standard Sliver
6%
5%
■
Products Co
Friday
£xchang«
Range Since January 1
High
6%
—1
Light—
Common class B
Curb
York
Interest
Period
New
/
Shares
High
Low
Par
Standard Power &
Stein
Range
of Prices
'>
' '
*
35
BONOS
for Week
Last
EXCHANGE;
WEEK ENDING JANUARY
Sales
/
Sale Price
;////
'
dtanoard
Week's
Friday
,,
York
New
FOR
Monday, January 28, 1946
.
75
/
r>
3
75
V.
•75
f;
106 '
106
1
106
106
1105%
f
.
106% 106%.
w
"
convertible
80c
preferred
Co—
1st & ref 5%S series B
Power
1957
1st ilea 6s ref 5s——
Indianapolis
Udylite
Realization
Ulen
Corp
Manufacturing
Union
of
Gas
:
Canada-
Investment Co
Union
Union Stk Yds of Omaha
United
Aircraft
Products
'
United
Chemicals
United
c-orp
Interstate
warrants
United Light &
Jersey Cent Pow St Lt
'■
<3
Milk
Railways-
Molasses
Amer
Co Ltd—
"~
/
Shoe
Machinery
Preferred
80
78%
AA"'-
common
;
46%
United Specialties common
80%
S
U
S' Graphite
20%
S
Radiator
Rubber
Jan
23
Jan
27%
Jan
17
2,900
7
26,700
3%
7
89%a
Jan./:;
95
Jan
13%
14%
5,400-,
13%
Jan. x
15% Jan
Wallpaper^ Inc..
5
4%
-
7l.7.;
6%
7%
•11%
10%
23%
10
Co
•-••■A.-, •
—
•
1
;
37%
"*6%
g
•
5
| ••
Jan •_
'Zty
•4
7% Jaan.
12
Jan
23%
•
.
Jan
/ 24 V*
Jan
25%
Jan
38% Jan
150 •>'
33,100>
A
Jan
36
'7: '•
:.' A*
Jan
5%
Jan
18,200 V mom Jan
-200 - X 22% Jan
6%
120%
4%
102
/
/A
17%
5%
v
Jan
v
i
Jan
6% Jan
3,600
5
.1,300
103
.
100
Jan
93
;;
120% aJn
Jan
100
,
5
Jan
103
Jan.
Jan
6s—1948
NewEng Gas St El Assn 5s
1947
•, 5s
————1948
Conv deb
6s————1950
New England Power 3%s_
—3981
New. England Power Assn 5s_—.—1948
V
1
.
13
A-O
'
_
'
|
■
sV*
*
17%
w
■:
.0aA--v
10%
18
200
Baking
Wavne
Co~warrantsI™Z—I—
Kmttmg
Went worth
T
Mvlls.
Texas
Va
&
.
Westmoreland
Coal
lnc
Werenberg Shoe
Whitman
Wichita
Wilison
22%
(R
Oil
C'
Winnipeg Elec
*"*
v.~~
Corp
St
—10
I
common
American
6%
(F
W.
M-S
10
For
15%
'
2
"3
141/3
*. 12%. Jan
,
18
Jan
14^
8,000
200
46
25%
10
140 Va
-
98 Va
55%
107
106%
Y
-
A
3%8—:
>:/// A'
25'A
14V*
15%
11%
1,000
17
1962
4s—
13%
14!/.
5,000
-
u.d
see-
page
—
Z~~~
151/,
16
'
400
493.
"5
"43^
"5
/
39,100
J-J
A-O
46%
102%
46
46%
F-A
,
•'
105% 106
■
••
.
107 V*
106 Va
s;
100% 100 Va
'
J-J
100 Va
100 Va
103% 105
I
—
•/r/.-W!""-
•
105'A
,
108
106
•1107 ^108%
:;V4
46%
107 Va
107% 108
108
A-O
103%
106%
•i: 81
86 Va
86
*• /.:.
8t:¥
106%
107%
J-D
J-J
Public
•
.
Service
Queens
of
Jersey—
New
106% 106%
1107 Va 108
!-/;
113
102%
102%
105%
106 Va
105 % 106
105%
,
:
106% V' 106% 107%
J-D
J-D
102% 102 Va
•
M-N
4%s—————1979
3
1952 A
1951
Scullin Steel lnc mtge 3s
1951
Southern Calilornia Edison 3s
1963
—.
•106% 107%
167.-
■
102 Va
104
167
169
167
;
106% 106%
J-D
105%
107
107% 107%
$125 •<: ;v—/ '
A-O
A,—
110%
112
J-J
—-—1952 /;
series
•107%. 107%
110% 113
1102% 103
F-A
M-S
107
://>•
perpetual certificates—
Borough Gas St Electric—
3V3S
.
;
Safe
Jan
Ban
Jan
ASchuIte
v
14%. Jan
150
X
Harbor Water
Jan
36
Jan
Joaquin Lt & Pwr 6s
Real Estate 6s
Jan
;
Southern
California
Jan
•
45
Southern
Counties
107%
108%
125
125
—
24
,
Jan
/•:1st
mtge
1071
3«
Jan
Spalding
(A
Va
Jan
Standard
Gas
Jan
Jan
Southern
Jan
oou.nwestern
6s
«v.
\-raa
G)
St
16%
Jan
Conv
11%
Jan
Debenture
Jan
17Va
Jan
Debenture
6s
11%
Jan
14%
Jan
6s
cold
1989
Electric—
'
16 Va
Jan
AStarrett
v:~5
*
.
Jan
.!
•
M-S
&
Dec 1
Light
Corp lnc 5a
107 Va
108 Va
105%
106 Va
$104
>■
...
M-N
104%
A-O
107
108% 108%
108%
J-J
.-108% 108 V.
"104
102 %
105
F-A
100 % 100%
1966
F-A
"M01
:
*
•
A-O
101%
103% 104
"
108
;
108 V*
104
£
109 V*
108 V*
—1940
101%
105
102 %
100 Va
101V*
101
102
103%
104 %
103
103
'•
103 %
103.
103%
103
F-A
1957.,
-1950
101%
;
103
103
104
85
78
49
48
83
(Hugo) Corp—
A7-4s 3d stamped—"—
4-
101% 102%
A-O
J-D
1957
6s
100V*
107 % 108%
106 Va 106 Va
■
J-J
1951
6s
6s—
A100%
99%
100
;
May 1948
May 1948 ~
debentures
//aa
% 99
J-D
A-O
f-a
5s
stamped
Power
"
1994
2%s_-u
Elec J'/*s
(stamped)—
16
-
Ry
Indiana
18%
55
•
M-S
A-O
Gas 3'As
1970
Gas (Calif)—.■
'
20%
Jan
46 Va
'
Elec Power 5%s—~.1972 ■,
Portland Gas St Coke Cd—
5s stamped extended
1950
Power Corp (Can) 4V2S B__—
1959
;
Public Service Co of Colorado— . ,
1st mtge 3%s
1964
M Sinking fund deb 4s
..—1949 ?
Philadelphia
22
"4%
106%
101 Va
1101% 102%
J-J
1st 5s
1979
Pennsylvania Water & Power 3%s-1904
29
Jan
105%
'
107
Jan
15%
105
104
104 V*
104
107%
Stinnes
•
100%
101 A
104
Standard
.
•
106%
"
A«
100
108%' 108%
108% 108%
101 .102%
106% 107
Jan V
Jan
100
99
107
Jan
Jan
98%
98%
107
Jan
8%
114
107
10%
113
Jan
14%
•■:
112%
M-N
•
800
6
109
M-N
24%
3,100
10%
igi/,
106%
1977
Jan !
22
107%
1063*
106%
F-A
-'56' •'.
V
Jan
A 18
/'j
...
4
104
F-A
18
.'•■>
100%
5s—,—1955
Lexington 1st mtge 3s
1964
39%
200
1,050
.';
Jan
107
I
Jlf-N
Light
&
-
108%
Oklahoma Power St Water 5s——1948
Power
72%
8
99% 100
99% 100%
100
;*•'
103% 106%
:
107%
1103
100
A-O
6-
106%
•
Service
Public
M-S
110
105%
99% 100
iVf'i
J-D
109
Jan
-
24/: Jan
100
1,000
onia
Jan
Jan
■/
receipts
.
5
112% 114
/llf
M-N
19*4
North Continental
Ohio
.
f
-V-..-' -A';'", w2S:fs "f'.VL. J'-;
106%
107
...J-}v
M-N
Westchester Ltg 4s_
&
•
J-J
■.L".Y
106% 106%
.wi
MS
-.—2004
Utility Corp—
0
A5%s series A (part paid)
1943
Ohio Power 1st mtge 3%$
1968
1.
1st .mtge 3s
1971.
N
Jan
39
Jan
40
Jan
ib: 8%
i
.
Jan
34
Jan
114
A.,'
: •/: 13% Jan
100
55
Jan
8%
"
^
Jan
49
40
34
v:
113 A' Jan V/
90
146
?!
6
4,500
:i>'-
Jan
36% .Jan
-v
100
/
7%
22%
Jan
•
Harereawes
footnotes
10%
B
^preference
Wnsrht
102
96%
52%
111 •~**'7(j i/4
•
J-D
Jan
145
Jan
114 :;■•'• Jan
C:
2,450
®'8
_
_
103'
Ltd-
deposit
49 /
"~i
Wooaiey Petroleum
6^
••". ?«,/
-v
25%
Zl'Zl*
Co
lnc
43%
22
•
''
A.
700
./■
1
Wolverine Portland Cement
Woodall Industries lnc
Woolwortb
13V,
140'!
34'
:
2,600
10%
'
44%^^
8% Jan
16%
6%
;.• 100
36%.
in'
14V*
.
—1
M'g__
Products
-v110
10
(Wm & Co
River
Williams
10
.
I20"
;
6%
J/a
10
U
Western Maryland Ry 7% 1st
p/d«.10Q
Western Tablet &
Stationery com
»
Westmoreland
6% "
*
."a
Coke
36%
b/a
,1.23
Utility $0 preferred..
Coal
'
2J
Manufacturing
West
West
'
96Va
,
••
2,600
4
■
WcitaSS&HB°nd Cl8M
.'
9,700
,
13% Jan
Jan
■;
22%
\
11% Jan
124
1,050
■
22%
preferred
8;800
145
127
9Va
-
,
AircrftXi 'Coi^"L—/ •'
•'
■;i .t
Wagner Baitina voting, trust ctfs ext-*
,
'•
■;>: 72
1954
Debenture 5%s
Penn Central Lt St Pwr 4%s
12% ' 13Va
127
®
Ward
100%
i
14
106% 106%;
v
$101
.
1
Vocfc Mami'smturinst
vogt. Maomactunng
"
...
Gas
N 7 State Elec St Gas
Park
V
:
60
2
.
109 Va
109
A
__
Al——.—————-^2022
series
6s
Pacific
.1%
54
60
63
•
••: 't? 47%
17
97%
1104% 108
1115% 118
—
;
108
i.
—
10c
6%
Jan
JanV
/,
38% '••/"
6%
•
4%
6,900
12
22%
/fcjVfT.
16%
800
<~-L
10
Utah Power St Light 87 preferred
Utility Equities common.
£
♦3.50 priority stock
••
e
48
;
44
97
106% 107
,
..
to
New*-Amsterdam
Jan
525
4%
Hucar.:
47%
-
94
14%
Universal Insurance
Utah-Iaano
Jan
4%
common
Produces
Jan
18%
92%
Reclaiming
U Mversal Consolidated' Oil
UniVerwil
>
65
48
•
/•I '
53
■■
-1963
Milwaukee Gas Light 4%s——1987
Nebraska Power. 4%S———198}
Jan
6%
United Stores common
United
Va
20 Va
380 V-v
;
84
93%
1st preferred With warrants
6
16
Jan
2,900
25Va
16%
Jan
46 Va
5,100
22%
22 %
common..
78%
1,050
47%
21%
U S and. International Securities
U
-
24%
Foil Co class B
U
U
97 Va
2022
196'.)
Light 3%s
Extended at 4%
"
«5
59
Midland - Valley RR-—
—25c
Sharing
preferred...
United
5
55% 55%
11003!. 101V*
Kentucky Utilities 4s
-——1970
McC'ord Corp 6s stamped-—^——1948
dep rots ord regis
Profit
10%
56
59
--
3%s——i^.1966
Electric 6s
Kansas Power Sz
United NJ RR & CanaLL
•
59%
49
58
56
3%s——1965
Kansas Electric Power
preferred.—..
Kansas Gas &
United
48
1
58
58
Products
participating
United
«s_
65
15
62
55
1952
198a
6s
Superpowei
107%
50
156
*
1957
5s
Power
Debenture
Altallan
l'
103%
105 V*
107%
1107 V.
—
«
common
105%
103%
105%
St b 3%S——1970
P
103%
•
.,.1963
series
United Elastic Corp..
United Gas Corp commonUnited
,
C—————1955
A6V3S (Dec 1 1941 coup)
1955
A7? series £—————1957.
(Aug 1941 coupon)^—.—-1957
A7s series F_——1952;
Ala (July -1941 coupon)——1952
A6V28
10
Co—.
'•
2
......
llnternational Power Seo—
10©
Unexcelled
>3
——1950
5s
Seivice
Indiana
$42 %
«
85
48
Volume
THE COMMERCIAL & FINANCIAL
Number 4459
163:
NEW YORK CURB
)')),"
Interest
Exchaega
Curb
Last
Edison
Toledo
3yas_..
N
Electric
United
,.1946
1—
—
—
1949
4s
J
'
•
_iyb«
__
WEEK
'
/
New
Range Since
Sold
r
Low
A
series
6s
.—
.
Utah Power ft Light Co -,
Debenture 6s series A
—_
debs
income
ALima
Maranhao
cony
f
s
.2022
115% 116
(Plan
2
to
'•.)))'•*•-
J-J
Mortgage Bank of Bogota—
7s
.'•74
4 75 % '■ 77%
$108
109
81
v
107%
A
109
V)) 33%)'/
.2030
4
108% 108%
.1960
5s__
$122
'
108%
V-
-
Parana
122
•%
1959
-
33%
-1947
99%
99%
100
100% 100%
-4;
Interest
100%
A Russian
Week's Range
Interest
Last
or Friday's 4
Period \ Sale Price
Bid & Asked
m
Low
Agricultural Mortgage Bank (Col)—
A 20-year
7s
.April 1949
A 20-year Is——.——Jan 1947
Bogota (see Mortgage Bank of),v
ACauca Valley 7s.—.—.—.1948
sale,
1972
$9:2
94 '/4
$37
5
13
—
J-J
...
$77
27%
50%
—;
20%
95
96
'
--
■
•*
'
-
-
$37
•'
•
•
37
37
290
10%
14
186
10%
13 Va
14
13 V8
'
••
-
Odd-lot sale,
e
)'
'(
38
11%
-
ADeferred delivery ss.ls.4 d Ex-interest,
ABonds
n
Under-tbe-nale eel*.
being traded flat.
).)'" '
Abbreviations used above—"coa,"
4
—
27%
27%
50%
20%
/-i/-
Ex-iHvidend;:)!))))/)))^^
x
cohv^
ttvo; *'Con%''
J-D
33%
SReported in receivership.
High
—
—
.
$77
'
'
;.)■
:) 11%
■
13%
HEx liquidating cash dividend of $22.50;
A-0
V1
:■/.
6 % a-—-,,,-1919
January 1
No.
.
"
,(
2%—2012
to
Low
Bold
High
28
22%
-$Friday's bid and asked prices; no sales being transacted during current week.
Range Since
Bonds
1
-1
2008
———..1921<
Friday
.
.
stamped (Plan A)
reduced
•No par value,
t Cash
OKD 8 '>)•)$;):£
New York Curb Exchange
4
'
•x)
30
5s
2%s.
Government
A5%»
Foreign Governments & Municipalities
';':)))*
4
A)
to
28
21%
'
•
...
33%
.
(Plan
reduced
Rio de Janeiro
i.'
$100%
—1937
5s stpd__
A8taraped5s>———
\V:
33%..,.
$22
'
105' ' ipsvi
8
105%
105
stamped
Interest
O
4i
22 Va
»•' $50
y;.
1931
Mortgage Bank of Denmark
123%
108
•
r„;..
94
'))"
28
$50
1947
6s
95
90 V«
High
$36
J-D
1947
Mortgage Bank of Chile
94
,
.
(issue of May 1927)
A7s (issue of Oct. 1927)
Low
■ %*. ■■■■
•
..
M-N
A95i;
stamped
January 1
')
"1
93%
22%
vm' 1
Sold
No.
95
V'28; •' : •) 28
•
%. MS
A) .w4.4 4,4
% s—„9on«
116
.114%
)
Bonds
Asked
High
$90
.
debentures.
f A York Rys Co
stamped
AMedellin
Western Newspaper Union
6s
6%s stamped
1952
(Peru) 6%s stamped.1958
City
109%
108%
Friday's
94
105% 105%
108% 109
or
Bid &
98
F-A
44:4 Interest reduced
.1952
.1964
5s
Traction
Penn
5s
AExternal
105 % 105%
.1954
.
Electric
West Penn
West
M-.V
A 7s
Wash Water Power 3%s
Last
Sale Price
Danzig Port & Waterways—
Waldorf-ABtoria Hotel—
A 5s
5%s
.
United Light ft Railways'(Maine)'
>:
Interest
Low
109% 109%
__
£ : United Light & Power Co—
'
1st lien .ft cons 5y«s—-,——1958
Friday, Week's Range
Exchange.
High
Extended
45
Curb
Period
"106% 107
,
York
January 1
-
No.
High
442 %
/
BONDS
Bonds
Friday's
Low
493
EXCHANGE
ENDING JANUARY 25
Danish
(Hugo).' Industries--');: /44)4,4 ]
A7-4s 2nd stamped-
or
Bid & Asked
)
.■
Sttnhes
;;
Sale Price
Period
FOR
Week's Range
Friday
B'O liASW^
York
New
RANGE
CHRONICLE
4''44>44.'- 44'y' '
plus stock distribution,
certificates oi deposit;
'
.
mortgage;.non-voting sitock; '4?(to,'' voting truet certificate®!
"wi," when Issued; "ww." wltb warrants; "x w," without warrants.
10-
'•
t"cons/'. eonsolldated; "enm/" ctinoula*
'■ Ar\
QTHER STOCK EXCHANGES
RANGE FOR
ITOOXI
Sale Price
»
o—. *100
Preferred v. t
Consol Gas E L &
LOW
28 V2
Jan
5%
Jan
Maine" Central RR common————.100>
5% preferred
100.
Jan
Mathieson Alkali Works
Jan
Mergenthaler Linotype
32 Va
89
90
60
10
169
—10
57
58
Fire
Corp
Oil of Texas 6'*
19%
;
Jan
117
33
90
.
15%
101
Jan
19
Jan
169
Jan
National
21
Jan
>4 58
Jan
)56%
14
pfd vtc- -25
14
26%
14
27
; Jan
25%
2
26%
Ve
Nash-Kelvinatdr
common
6.75Cv
20
20%
102
prior pfd
cum
20Va
21
14
102
'16% Jan
688
102%;
235
:-
101
%
.
Jan
Amsterdam
New
North American
mm
Casualty—
'"47
35%
83c
I—lio
Fidelity ft Guar—.
U 8
36%)
36,Vi
85c)i^.B
81
81
20
48
49
)-4J
•
'
75c
20
,
43
442
-
Pacific
Jan
36%
Jan
^4 $29,500
89%
90
96%
96'%./
-^,..^.^5
Reece Button
Jan
Shawmut Association
Jan
Stone ft
49
.
87
Jan
9OV2
94
2.000
;
,
Jan
9.7-
Jan
Hole
:
102%
4)99% Jan;
<10,950-
102%
Webster
—
'Week's
Friday
-
Last
'
-
;
.
-1
-
.of Prices
For
•
tow
American
Agri Chem Co-com—
Sugar Refining—.— .—100
American
Tel
American
Woolen
Anaconda
ft
Copper
Elevated
Boston
Herald
Boston
&
Maine
,
•
140
;
;
48%
81
82
40
42 Va • V-
_10
—-
Holding
Corp—
;
class
—
Jan
100
"
v.100'
44 Vi
Jan
80 Va
Jan
•
40
Jan
141
2,906
49%
•
v
43 >
'
'fvU
Eastern
1
'»
■ >
Gas
:j\
ft
,i
'
r
^
11
445
8
Jan
11
14%
222
21'%
-
-
50
19
60*
Eastern
9%
Mass Street Ry
34%
13V4
13%
13%
c),",' vl *"
1
/
rv>'''%•
-
Jan
Corp
239
Aetna
-
Ball
Bearing
Allied Laboratories
99
99
.
common—100
—
717.%
100
Armour
Aro
Asbestos Mfg
Athey Products capital
&
Co
25
71
7% )
-
-
200
42%
42%
Engineers; Public
—
35 Va
43%
38 Vi
59®i
57%
59%
*
Service——.——1
21%
Jan
16%
Jan
Automatic
20
Jan
•
"J.'-
Class
For
?,)>'%.-
Jan
23 Va
B
class
A.:.
•
——
footnotes
see
•
page
501.
24
76Va"
43%
1%
83%,-iJan
Jan
Jan
47-/4
Jan
74 Va
Jan
;) 77%
Jan
,
"
>1%' Jan )
50
155
151
39
2Va
Jan
18%
334
18 •)
632
34%
155
Jan
38%
Jon
116%. -Jan
,
Jan
71%
Jan
30%
Jan;
Jan
65%
89 '
Jan
')>43."Jan
Jan >
46%
246
';**•)'
Jan
8
Jan
.
Jan
Jan
ei9%'
39%
JahiTNJan
)153
$600,/ *148%-Jan
Jan
Jan
•20';.)
Jan
62
'
Jan
Jan
Barlow
Washer
&
Seelig
Mfg
;
)
26%
25
26'2 :v
Jan
Bendix
Jan
34%
Jan
Berghoff
13'A
Jan?
13%
Jan
Binks
99
) Jan
71.
.•:).7'/a
100
Jan
Jan
:v-
Jan
7%
Jan
•)•
2
14
2%
Corp
Brewing
High
17%
Jan
18'A
Jan.
17%
Jan
4;
20'A
Jan
1,600
'-.11%
Jan
4))
12%
Jan
1,650
10%
Jan
12%
Jan
20
Jan
21
20%
v
-
650
14 Va
25'/a
5%
5%
4'
550
12%
13 Va
-12%
1,800
25 y8
50
-
)
,
Jan
16
,4 Jan
14%
JanV
>427%;
?
44 6
•:)>'■ 5 Va Jan
4,900'
Piston
30 Va
Jan
34
Jan
25
Jan
Jan
43%
Jan
,324
33%
Jan
590
5478
Jan
60 Vt
Jan
2.075-
46%
Jan
49%
Jan
27%
Jan
Castle &
Co
Illinois
111
Jan
Jan
4 Jan
221/2
Jan
Central 8
•
Prior
Jan
14:
2%
Jan
Chain
Jan
Cherry
preferred
Beit
Co
Burrell
15%
23%
15%
17
46
48
-
■
32 ):
•9%
14-%
r
--")).:)■
11%
10',4
14%
■
''''
;V22)'P
12 Vi
*
.
): 4%
21%
10%
118
M 00
fts
*
—
4%
Jan
17%
46
Jan
20%
10%
Jan
25%
Jan
4%
4/ 23
600
70
117
•/
14%
.35%
Jan
Jan
Jan
Jan
■>••>
Jan
SY
113
•> Jan
'•>4 5
Jan
22
Jan
12%
Jan
118
Jan
Jan
187%
Jan
Jan
16%
30
Jan
36 y2
Jan
20
Jan
21%
Jan
16
,300
Jan
Jan 44;
Jan
'"
)
:
Jan
Jan
)).;;) 27Va
>'))•; 27%
Jan
-
••'184
100
Jan
Jan
120
^
■'
Jan
10%
<
49%
32 Ye
.
Jan
"4 ,22%
2,020
>16>-
' V;
Jan
108%
•
20
9%
4 33%
/•) .4))--:
36%
-
2,600 ' : 410%
12%
36'/a
Jan
400
*
22
118
30%
740
)
Jan
15%
1.050
35%
Jan
24'/2
650
110%
Jan
15%
Jan
900
186% 187%
V16:.-:-
pfd
common
109
'$•:
Jan
57'A
4,20 '/a
"3,800
-
Jan
26%
;
Jan
37
•
Jan:
100
-
21%
,
'■/.•) 14%
450 V 4/
-
'
35%
35%
110%
1
Jan
347/a Jan
.
50
24% .,)
24
IsOo
common
Corp
Jan
.24%
_
Lt
53
550
27%
•
&
100
22%
—
_—
Pr
55%
Jan
>4l$4)
Jan
26%
-
common
preferred
States
23%
...10
10
$6 pfd.
common
_
500
400
%
Jan
44'8 4;
Jan
25
.12% /')• /24: :'))>.
Serv
Corp
.19%
37
1,150
1,100
1,550
*
1
',
-
Pub
W Util
lien
Preferred
Central
Jan
'."X
4.17%
-
Jan
21
32
-H
Secur
9%
5,150 )
15%
.
—
(A M) common
Central
Jan
7% Jan
■
.) 15%
1
1
—
Rrnthprs
Central
3,100
55%
Jan
21%
40%
3,700
8
13
23%
23%
class A
Burton-Dixie Corp
fiiifler
17%
36
—
common
Ring common
Jan
Jan
7%
21
.
10%
113
16
11
12%
,.IlO
•
121
335
t
7%)
•
Common
Burd
17%.
•
;
(E J) capital—.-—
Jan
1,010
2,300
12%
11%
common. ;_„5
A
Mfg Co capital
(George W) Corp
Jan
100
Lots
18%
25 Vo
8
Corp
Brown Fence & Wire
79%' Jan
:l
•••?
14
__
Range Since January 1
High .•'rV'V.A
17%
5%
:
common
107
315
Sales
~ for Week
Shares
18%
.12
14
common!
Co
Aviation
11 Va
Co
:
common
class
Bastian-Blessmg
115
125
Week't),.
Jan
180
.
.
47% -49%
\.V)-;-'j''"*--1
Hathaway Bakeries
78%
17%
--
..1
Aviation Corp (De)aware)—
Convertible
>
Gillette Safety Razor Co
110%
20%
1
Jan
63
„
Employers Group Assoc———
•
> 25%
,
79%*
46%"*'
Range
12%
—5
common——
Co common
255
-
—
30%
Jan
23%
Jan
;.
Jan
18
.
Jan
of Prices
-
common..
Equipment Corp
28
,
;
common
Jan
8»A Jan
175
-
.
Stores
41%
,38 Va
-T
275
•
12%
common
Jan
Borg
1st preferred series A
100 )v 112% #112% 113
f4,
preferred class B„
100
,115
115 )119%
5% pfd adjustment
——100
34
32% 34 : >
Eastern SS Lines Inc common^
—•
/)>
)));/ 22
23
Electric
165
314
':
.18 V4
5
19
)1
18 Va
common
Brach & Sons
6%
National
43% '
tow
1
Advanced Alum Castings
Jan
-
Kij?-
l
6%
First
Jan
Jan
Jan
43
148% 149
—
Adan4s)(J; D) Mfg common.
-56
900-
•
General
7
120
36%
pat
20V4
2,527
11%
31%
100
—;.c^,
17%
1%
Sale Price
15%>Jan
-
23%-/- ) 300
60
19
354
62
-
.
19 Vi
•18%
Fuel Associates—
preferred
J an
6
)?)-■
14
-
>825
22
19
Jan
-
16
>•
520
)
16 Va
20
Jan
Jan
17
1,210"
19%--
Jan
13%
455
18'%19
"
la
11%
-4%% prior preferred100
Q%
Jan
3%
18
"Last.
91Jan
'18%
.10 >'
(x v
,17%
19%.
155
Friday
Jan
10%
Jan
,16%
62
1
-
Jan.
Jan
665
71
J an
Jan
322
18%
47
",*:.15
)■) 2
280
8
68%
Jan
74V» Jan
.) ) 3%
17% :
74%
4'%
250
650
694
■
•)
263
•
) 3%
:
Jan
67
18
19
-
Copper. Range Co—.1..
;
Jan
26%
I. "
*
Jan
2,439
23%
5
Cities Service .1—....1
Jan
Jan
TP'41%' Jan
Jad
82%
--
9% Jan
10
19 Vi
——•
_^..10O
Hecla—
Jan
95c
73%
50
1,401
46%is 5 )
16%
Jan
133 V<k
:
>78%
46%
■'
^
—.
100^""
STOCKS-—
Belden
&
73%
97
Jan
3
333
'
Jan
91
16%
•
21%
—
—100
class D 1st pfd stamped
100
Stamped
Calumet
'
Jan
Jan'
75c
1127/a 114%
30%
76%
24- v* Jan
Jan
10 Vi
16%
..
.
18%
Prop Trust—
Providence RR—
'
6.040
Jan
10%
191%
Personal
Jan
IjV Jan
Jan
148%
77
——100
Boston
25%
Jan
10%
class B let preferred——.^.100
Boston &
-J
Inc.
'
-
76
128
G50
.
41%
79%
50
1
——
Admiral
—
Stamped'
^
V
1,080
? *
40
•
25
—
;
-
Jan
'49
Jan
CO
)
620
-100
.100
7% class C 1st preferred.—
V Jan
22%"
7"
112 %
American Tel &, Tel? conv 3s—.—1956
,
1st preferred—
23
Jan
Jan
Jan
23'a
440
89
10%
194Vb
-
Jan
136
341
-
4514
.iuu
A
-
42%
*
....100
——
Stamped
8%
-
139 Va 141
81'4
100
prior
5%
f
H
-
preierred.—.—
6fo preferred stamped—..
7%
)
6
148% 148%- -)--..
24 )>
210
23%
—100
Corp—
Jan.
l&Jan
Jan
56%
■:
Jari ,.v
30 Va
43%
410
595
100
—
17
22%
"
se5,,
48
RR—
stamped
Common
-187%
-2,516
45%
45 Va
Ry
Traveler
)' }43%
55 Vi
Jan
44%
Edison
Boston
Jan
Jan
BONDS
High:
Jan
50%
289
189% 192 Va¬
-
Bird tm Son inc—«—
Boston
41%
54%
55%' >'
■.
Bigelow-Sanford Carpet 6% pfd-
42%- -100"
1 Ifl';;.)-"
50
:
Loir
?
19 2'4 -
*
.——.....
—
:
25
w
preferred
Range Since January !
High
53%
lOu
Tel..——
Boston ft Albany RR—
Shares
.
.
41%
•)).');•)V4»,
32%
76
17%
Westinghouse Electric Corp———12%
*
American
Jan
Jan
for Week
Range
Sale Price
tTOCK&—
"
Jan
.71;
21%
43
..—5
:
....
United Shoe Mach common
Sales
'
22%
—
—5
,
3
.w
*
com--.—;.
Vermont Ac Masd Ry Co
jj. '/- '
.
567
95C""
5
43,%
United Drug ■ Inc
fruit
Venezuela
,
:
Inc_„
Waldorf System
y
47
476
3% •"4%-
16
3%
United
Jan
6 To
^-\\<",'j'r'
32 Va
50
130
97
132
45
;);'-
16
U S Smelting Ref & Min coml—
^'f#
4,175
'73%
-w;
,.—10
—Li—,
.*
U S Rubber
1
'
Mach
Folding Machine——
Union Twist Drill—
) Jan
,
102
1%
•
45%
Torrington Co
.—..1975
-.w.19.75,
Mt Vernon? Woodbury Mills—, ; '
)
4f«r deb • ^subordinated)-.——5s /series'-
24%
,83b
73%
.
Reece
Bonds***
Baltimore Transit Co 4s
21%
130')
,4
94c
50
Jan
43
)
Mills
Pennsylvania HR
Quincy Mining Co
Suburban Elec Securities
•
Jan
76
84
4131%
v
Jan
;)
Jan
55%
1 Va
95
-■
—100
,
,/ 90c
Jan
47% Jan
42 Vi Jan;
,,
13
43:)-,;..
^
.
13
Jan
,
& Tel
i) 81
pjam.
f
80
,
'
Bank—.
National
Western
102%
y.i{^;rr35lf4;i^rsh:;
Jan
50
32 Va
1%
Mining.*—.--——..2.50
Old Colonv im-/
Jan
*'
„
Jan
11%
22%
—
1
—
New England Tel
v.
62
81
25c
Oil Co
Fenna Wa ter & Power common
:
Cos—-..—
England Gas & Elec Assn—
5%% preferred'
Jan
21
Jan
47'"''
20%
20%
5
Service
North "Butte
—
Jan
5
r
,
Jan
605
.
New
Mt Vernon-Woodbury MillsNew
,
3%
55 Va
Jan
26%
Jan
High
Jan
Jan
48
270
"
12%
55'%
74
1
Narragansett Rac'g Assn Inc—1
Jan
168
47
53%
:
Low
\ 3Va
796
32 V2
.•
;
.
300
52%
11%
55
„»•
.
116%
550
-
Jan
Jan
—'
.
'
—5
Finance Co of Amer el A com
Houston
16 Vi
30%
89
289
3%"
,49%
47
Jan
Jan
..Range Since January 1
;
3Vs
:_4
5
31
for Week
tow
''
25
168
Guar
High
Sales
Range
.of Prices—Shares..
—
312
Fidelity & Deposit Co..—. ..20
&
*ar
375
4% % preferred class B——, ~100
Eastern Sugars Assoc com vtc
^..1
Fidelity
Range Since January 1
I
117 ) 117
—•
Power common.
4/'))4:4'
5%
5
-
■
)
Royale Copper——
.———13
Kennecott Copper
....*
Lamson Corp (Del) 6%
pfd)
—50
27%
2C%
5Va
'■
Week's
Last
Isle
Shares
High
Low
.
26%
—
v t c
common
STOCKS
))44r).' ~ •)• -?.rrlc®)
V*
Sales
for Week
•
,
of Prices
Par
Arundel Corporation
Bait Transit Co
Exchange
Week's
Bangs
Last
44)y4 V
4>
Friday
Baltimore Stock
Friday
25'4)4>4
WEEK ENDING JANUARY
-
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, January 28, 1946
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING
Week's
Range
for Week
of Prices
Shares
Friday
Last
v
Sale Price
STOCKS—
Common
.
Cities
44%
*'
45
40%
200.
10 '
116%
•
79
337/s
10%
65
Jan
American
Jan
Jan
Consolidated Biscuit common
Rights W i
Co
of Amer
33 y8
20%
20
21%
2,400
2%
2,850
\r
2%
2% 7
40%
40%'
40%
40%
Jan
20
v2'/4
Jan
40 y4
,,
v
10
26
Dodge Mfg Corp commog-——*
Domestic Industries Inc class A.
,1
26
Jan
»'
31%
6%
7j/4
Jan
26
>•
31%
Jan
Jan
-5
Jan
7%
7%
?
26
America Inc———-5
Four-Wheel Drive Auto
10
Fos; (Peter) Brewing common——
Flour Mills of
General Amer Transp
Corp
Finance
General
26%-
52%
54%
54%
9%
9%
20%
20%
21
28%
29
Razor
67%
67%
20%
20%
Inc
Bros
Goldblatt
common
12%
9"%
787/a
Jan
Jan
N
Hein
Co G
Brew
Heileman
Motor Parts—————8
Werner
•
.
/
<,,
32
Jaw
250
20%
Jan
.
Brick
Illinois
Central RR
Indep Pneum Tool vtc new—
indtana Steel Prod common-—
23»/2
56
180
25%
200
8%
9%
900
18%
19%
450
42%
200
Jan
35%
550
33
Jan
13
Jan
341/4
:
15%
18% Jan
20y4
44%
Jan
7%
440
34%
100
14%
7%
pfd--^--M-r—* •
—
77:67::7',Jan
31%
y
,
1
16
16
13%
12%
13%
55y4
La. Salle
Co
7%
8%
common————5
Ext Unlv
Lea th1 &
Preferred
preferred ——----—i-*"
»ibb\
McNeil & Libby common7
Lincoln Printing Co common—
1
Lindsay Light & Chemical com.——*
•Cumulative
30
...
13%
7% Jan
8%
900
200
19
-»—■
Jan
Gibson
46
Jan
12%
13%
Field
.»iarsnail
55% Jan
'
8%
Corp
West
A-
capital.
Inc
Hart
common
450
"
7
\ 13% Jan
J
14% Jan
i
Jan
>13% Jan
.fMi-ji
' —.
50
Mfg
Chemical
Ward
Montgomery
National
Illinois
Northwest
Nor
Oak
6
16%
94%
713%4 13%
6 %
Poor
&
common
common
51%
6 7/i.
RR
class
Bank
Unlisted— *
&
127%
10
78%
100
700
104'
•
10
common
Cummins
Co
&
24
104
1051/4
32%
43%
46%
63%
30
Roller
,7
25%
100
29
__
7
;
41%
40%
11%
12
19%
Corp
.*
Lathe Works
19i/4
•
44
43
24%
44%;
25%
25% '
—
10
1
A
1051/2 Jan
33%
Jan
Jan
27
Jan
29
Jan
30% Jan
22
Jan
24%
common.;
7%
6%
41%
*
%
1
22
Machine Tool common——9
capital
31
8%
Storkline Fur Corp common—...—10
20%
'■:i 38
25
36
Jan
43l/4
Jan
Jan
12% Jan
2,300
350
500
y
•
9%
150
7%
2,700
700.
31
30
50
8%
Natural
Detroit & Cleveland
k:-:'4*>v1 >:ir?<■
»;•
Eaton
v
Jan
20% Jan
19Vb
Jan
20%
Rys
&
Co
——
common
•
88%
•
U S Steel common
41%
28
Jan
35
Jan
21%
Jan
25% Jan
Rubber
Glidden Co
&
Jan
",25
.
6
,45
Jan
Jan
25% Jah
/
,
40%
Jan
31
Jan
8y4- Jan
Jan
7% Jan
44%
Jan
Common
Wisconsin
Wooriall
Wrigley
Bankshares
Tndust
(Wm
Jr)
Yates-American
For
com
Co
footnotes
see
capital
page
501.
100
al89%al92%
172
31
Jan
Goodrich
100
.
5%. Jan
Jan
18
187% Jan
194
Ja
Jan
Jan
Ja
100%
290
101
Jan
50
6434
Jan
29% 31
a44®8 a48%
5
1,503
32
Jan
250
46
Jan
a8%
a8%
50
a65% a67y«
55
2078
22%
9
Jan,
69% Jan
425
a75%
a74
85
A47.% a49%
10.'
ia74:
,
22 3'a
Jan
7 :46%
77; 74
688
75
a43% a44%
(Un).—
76% Jan
132-
-
a78%
a41% a41%
5
Co.
200
—*
a73%a75%
a66^8 a67%
(B F)
-
40%
49%
Jan
Jan
36% Jan
Jan
787/e
Jan
Jan
745% Jan
744% Jan
166
70
112
i. 58%
Jan
69
350
22 Vz
Jan
24%' Jan
3iy4
Jan
31%
Jan
53
Jan
55%
Jan
31
Jan
33%
Jan
54% Jan
54%
Jan
23%
237/a
150
100
Greif Bros Cooperage class A———*
31%
31%
53
53
Halle
33
Great Lakes
Bros
Towing common.
common—
.
,
5
;—50
Preferred
Jan
24
Jan
Industrial
20%
Jan
22 \
Jan;
58
33%
4
244
54%
;
54%
Interlake Iron
37%
Jan
38% Jan
60
100
58%
Jan
61
a
-
Jan.
77
;
Jan
Jan
w.Jan
200
17%
Jan
18
y4 Jan
1,400
25%
Jan
30
120
51%
Jan
54% Jan
:;
54%
1
Jan
3oy*
;
900
89 %
2,000
41%
41%
100
26%
Jan
797/e
Jan
30% Jan
,92'/a Jen:
674% a82%
Jaeger Machine
Jones
&
Kelley
Laughlin
T.
41% Jan
Medusa
Portland
National
1
10
Tile. &
37%
38
300
35%
Jan
38%
Jan
36%
400
33
Jan
36%
18%
3,750
17
Jan
19
Jan
Ohio
16%
150
16%
Jan
17% Jan
Ohio
81%
81%
100
80%. Jan
81%
Jan
Packfer
11
11%
300
11
12
Jan
Pennsylvania RR
177/a
Jan
Jan
44%
Jan
3f%
225
30%
Jan
40%
Jan
16 y4
Jan
47%
45
16 y»
14%
36%
1,425
•'v- •'
7
45
36%
7
45
-
Jan
,
36%
(Un)
Corp
77
155j,
*
50.
35
7" 40
100 "
17%
Jan
Jan"
45
17% ■7%.
18!/2
Jan
200
32%
Jan
38
Jan
7%:
1,211
6%
Jan
200
32%
Jan
35%
Jan
"343i
Jan
38%
Jan
45
-
35
a45ye a46%
Jan
-
7%
Jan
■'sir;■ j-. ;■
36%
a21% a22y8
;
14%. Jan.
36y4v
V
Oil
-7 15%- Jan
7 14% Jan
'Jan
7' 'f: 7 (''' l-'}
a33% a337/8
Brass class B
• •
1,090
14 %
.
1: 17%
N Y Central RR (Un)
455
i5yB
,
Mfg.
a
Jan
16%
83
Jan
41
47%
114%
Cement-
Acme
34%
18
Jan
13%
515
30%
*'
•
—*
Metropolitan Paving Brick.
39% Jan
65%
155
44%
al6
'
Island: L &
194
17%
43
(Un).
Rayon
(Un),...
Interlake Steamship ...
•
5
8% Jan
17
a58y8 a58ya
Gray Drug
National
common—,—•
;
•
capital
*
Machine
290
Goodyear Tire & Rubber common—*
.12%
(new)
6%
17%
41% Jan
Ja
8-% Jan
8% Ja
67/b Jan
6% Ja
.
Ss?8% Jan
Westinghouse Elec & Mfg—
Wieboldt Stores Inc common—
ttioh
Jan
!
—-—-L-
common
21
85%
7
6%
17%
32
Jan
311/8
7.''
—
Tire
Lamson & Sessions
30%
Loo
135
470
15
Navigation
Motors
200
30
;
5: 53
Range Since January 1
High
8%
General Electric (Un)————.*'
1,200
28
6
Shares
40%
—1
—5,
Gas
General
1,500
is y*
common
for Week
8%
Manufacturing
.4
Erie. RR
iLLLLy-yy-..,—LLL7
Firestone Tire ft Rubber com (Un)—25
21
17%
.25
(The)
Bale*
:
38%
.
38%
58%
common
Exchange
Lot*
preferred.——!-.*
Graphite.Bronze (Un)
Corp common—L-—'
23
58%
(J R)
17%
-
550
;
41%,
—.25
capital.—
208 South La Salle Street Corp com—*
Walgreen
23
Jan
950.
34%
23%
Oil of Ind capital
class
Jan
Jan
725%
400
20
33
24%
-
20
Light
-
-
;
.
Cleveland Cliffy Iron
150
3,300
191/2
19%
?
17%
2
capital—5
preferred
Dredge
'
.
42%
11%
Sterling Brewers Inc common..
United
-
of Prices
American Tel & Tel———L—.-lOO1
350
7
22%
•
32
230
29%
22
1
new
Common
Co
•
"y
Bearing.
General
common—
8t Louis Nat Stockyards capital
Trane
r
18
63%
.
■
Addressograph-Multigraph fioffl' (Un )_10
50c
Allegheny Corp
—1
American Coach ft Body—.
l_——5
;
Inc
Thompson
288-
32
Jan
102%
370
32%
25%
1
capital
new
Corp class B common
Corp
'7
635
22'/4
''"7
—-w—
Akron Brass Mfg.
42% Jan
20
32%
,—
•
common
capital
Signode Steel Strap Co—
Texas
359
29% ^
11% ;:i4yaa7v;
For
Jan
50
A
capital—
Electric Co
Co
31%
28 %
7
13%
i
STOCKS—-
9% Jan
108% Jan
23% Jan
2,950
common-
Sangamo
&
28%
13
.-f. '
Jan
100
class
Schwitzer
Rwift
365
Range
Raytheon Mfg Co common (new)—50c
Bundstrand
13%
Fuel
Jan
11
6,100
common
Quaker Oats Co common
Co
75
-r.
j¥J
33
51%
131%
76%-
Cleve
&
140
7*
Cliffs
Stein
70
;
22
Jan
Standard
552
,10
-.
50 y4
29%
Jan
Standard
Jan
50
7%;
321/4
31
Ice
Consolidated.
v
13%
10
s.i.
Preferred
Jan
Bend
69% 7 7.
67%..
7%
Spiegel
Jan
120
30
66%
7%
South
94%
^
.7%
U S Playing Card.—„,
U S Printing—
26%
Common
A
7
.
35%
100
Sinclair Oil
9
Week'*-
(The) common.
Roebuck
v
35
650
Sears
•9
Rapid 'I
300
Berrick
6% Jan
16% Jan
,
10
4a,.,
33
67%
Pressed Steel Car common—,.—
Packing
33
30
Process
Rath
Jan
197
6
245
80
7
334
1
5
Jan
336
121/8
Cleveland Slock
*
(The)
Corp
Jan
16
55
47%
—•
•
—.100
—100
class B
Co
Co
Potter
20
.
109% Jan
-
common—2
——10
20
lien pfd
(The)
Switch
Pennsylvania
6
120
Timken
preferred
Elec
Jan
14
.Jan"
91% Jan
13
Jan
81
Standard Brands Ins*
Peabody Coal Co class B
Penn
15
150
11%
General Motors
—1
Elec 1% pfd——100
Oklahoma Gas &
Co
Jan
108% Jan
1,112
7
46»a
■T^.—r^-n-_r.v
r
Columbia Gas
common
Pen
17%
20
100
——
City
*
preferred—
Parker
100
16
*
.y——-L—-tL
7.
common—•
Co
Corp
Bancorp
Mfg
20
t
Jan
Jan
common
West Util prior
'7%
13VSs
13 %
Car common:
American
Northern
10
'
Cooker
Pressure
National Standard
13J/a
16%
Pure" Gil"s-—L->
Muskegon Mot Spec class A
North
Jan
...
*
common.—
Si
■■■
Jan
3%
94
American Rolling 'MilL
1
pigh
23%
1% Uan
51%
■
Western
common—.
Co
tow
21% Jan
6
.
16%
„.
Class B——_
'
.7
23
preferred
1st
^:.C-.
985
Randall
Jan
-10
Minneapolis Brewing Co common
Modine
Monroe
»'
3%
Procter ft Gamble
?
13
300
13
Jan
vtc
prior preferred
$1
Jan
Jan
23%
16:
National Pumps
Jan
19% Jan
49%
:7
1
1
Food Prod com—
M<ddle
it
Jan
72 y4
li...;
common
Mickelberry's
Miller
33%
66 y4 Jan
High
158% 158%
———,
Lunkenheimer
Jan
14
13'/a
11% Jan
3,200
141/4
13
''.7
357/B Jan
69%
—
Art
Kroger
161/2 Jan
>
com———*
Co
Dredging
400
———'.L-L—....4—..
'Kahn.
Jan
•
McWilliams
;
Jan
13%
Ball. Crank—
Formica Insulation
o
Jan
30
131/a
'
'
30
7 65%\Jan..
t 30%:,Jan- i
20
—j—
Preferred
Jan .7 7
8
55% ': Jan
461/a
46
Jan
1%
Brewing4^^wii^|^^^
:
Eagle-Picher
.
-
46
Jan
18%
,V
22'/a
Clncinnati Street
Cincinnati Telephone
5
34% Jan 7
i 121/2 7 Jan
.
19%
19
common-^—
.
23%
y/7 BangeKyi fWMEeeft ■7/|7> r
Of Price*
Share*
RangeJBince January 1 "
„
—
Dow Drug
151/2
7'
14% Jan
850
55j/2
Drug CO common—
1
Switchboard common
*
Kentucky Util Jr cum preferred——50
v
1,550
16%
Kellogg
7:
Jan
500
32
<{:'
^
21%
10
Leonard
Katz
35
62
.
65
1,400
66%
31%
—1
Cincinnati Union Stock Yards.
351/2
Jan
Industries
Cincinnati
Jan
41%
600
7
34
15%
—————
Powef $6!
Jan
-7 16%. Jan
2,000
65%
Products
Baldwin
Burger
Jan V
Jan
Jan
Aluminum
\r
26% Jan
9%
8%
•
Warrants
Interstate
58%
•
Participating preferred
Jan
60
,
755% .Jan *7:7.
22%- Jan
55%
34%
-42
725%
-
American
Jan
22% Jari
Jan
Jan
42 Va
:—10
100
*
1
:
common—
•
Jan
Jan
64% Jan
~
1,000
18% V
31%' 34 %.
Low
.:,4;
v-
Co "capital
Illinois
V;
22%
•
717%;:
22% Jan
32%
**-Week'iyl;.';■ Sateii-r:=''■
Jan
29
7
19%
161/4
2,000 7 '
1,050
.
25%
—
|i:
41%
,
300
16%
STOCKS—
Jan
33%
w
56
—1
Hupp Motors common (new)
100
33% 33% 7
77277 -7 29
20% 22%
20
23%
25%
25
—*
Hibb Spencer Bartlett common
Houaaille-Hershey common
62:ir"g
22
!
Jan
25%
22%
1,000
,
Jan
24
1
2,000
34 Va
•
...25
Studebaker Corp common—.
S Rubber Co commfln.
Jan
68%
10
cap
200
243'e
•
;
J
Jan
20%
-10
common——
Harnischfeger Corp common
41%
,62 ;%'
Jan
14%
27
-•
Printing- Co
9%
49
22%
Radio Corp of America common
Republic Steel Corp enmwinn
,
Standard Brands common.
Jan
•
Great Lakes D ft D common—
Hall
Jan
^jRclnnatr Stock Exchange
Jan
—*
Goodyear Tire & Rubber com
Co (H W) common.
Gossard
Jan
13% Jan
33%
Jan
13%
*
——*
common..
7%
46%
200
17%..
:
29
—-——100 \
General Motors Corp common——10
Gibson Refrigerator Co common
1
Safety
5,800
x
Jan
23
29
7: Preferred
Gillette
104%
.41%
(The) common
of
48%
110
Jan
Incorporated
Standard Oil
Jan
Jan
10%s,Jan
5
common
High
k
19%
1
Jan
5
1
com
A—
General Candy class
24
9'/a
Co————■—-15-
Elgin Nat Watch
26% .Jan
52%
———B
Wectrie Household Util Corp
43%
Corp common—i—*" ~
U
)
-r
94 y4
New York Central RR
capitals.
Pullman
J
Jan
:•
104
_•
Paramount Pictures Inc
Jan
Jan
11 %
26
30
60
100
Jan
11%
31%
common.—10
& Cohn Inc
5
Jan
3%
100%
100% 100%
..100
2%
(new)
18
(Glenn L) Co common
Nash-Kelvinator Corp
42%
yy;-
.
Loti
»
Martin
25
Jan
200
,
Range Since January 1
1
600
£
Jan
40%
Jan
39%
200
77
•
High.
Co
Jan
9
Jan
Pure Oil Co
Lighting Inc common
Decker..,(Alf)
6,900
2*
y
common— .20
25
common.
Cudahy Packing Co—
4%% cumulative pfd
Curtis
35%
-
——
Container Corp
Crane
1,000
33%
24
Electric
Jan
f
I
Interlake Iron
25%
Jan
24
34%
..1
Commonwealth Edison common
..
Top
35%
Jan '
.25
Co Inc..'—
(The)
Coleman
77/a
22%
.
—
1,200
8%
8%
5
mm
Bethlehem
General
■■
Co com——
Aluminum Uten
Club
Radiator ft St fati
Copper Mining
;
& Santa Fe Ry com.
Steel Corp common
Curtiss-Wright
Li
Atch
Shares
Stocks-
Anaconda
Jan
Sales
7for Week
of Prices
I Low
Unlisted
Jan
,Jan
28%
1,200
Jan
Jan
59
82
31%
8%
550
>
82
common—.—-10
Co
65
116% 116%
116%
*
——*
capital
Service
63%
Week's
i:/;// Bailee
Sale Price
High
;«$;{ Low >x
50,900
10%
9%
63%
Chicago Flexible Shaft common.
Chicago Towel Co conv pfd_.
Friday
£■..* Lait
STOCKS—
Range Since January 1
High
low
ioy4
Chicago Corp common
Convertible preferred
JANUARY 25
Sale*
21%
Jan
23
Jan-
34%
Jan
35
Jan
42
Jan
46"%
Jan
J;i
Volume 163
THE COMMERCIAL 4 FINANCIAL CHRONICLE
Number 4459
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING
Satof'v-U
Week'*
Friday
Last
STOCKS—
for Week
>
of Prices
*
Direct Private Wire to Allen &
Range Since January 1
'
Republic -S.teel
(pi)_.———
,
—
59 '
•
33%
24%
24%
'
29% Jan
35% Jan
4(330 /—4 53%-.Jan. s60,. ,Jan
321 - '
23% Jan*;
1-25% Jan
,
JLQO
.59
Jan
65% Jan
:;.
•
V
COMPLETE INVESTMENT
FAIRMAN & CO.
,
.
'■
.'v./'?-.
v,:
U- 8 Steel ;(Un)--—
85%
Van
Dora Iron Works.
Vlchek Tool —.4-——.—_i—
i
30%
f
^ 360
'
-
14%
Youngstown Sheet & Tube common—*
a67% a70%
Youngstowri Steel Door
a29% a29%
'
;
(Un)
1—*
"4
;
•
;
65Jan
25
15 v
.
West 7th Street
210
29 %■ Jan
Jan
Friday
■'•■j-
■
•
.
Member* '
Nesv York, Stock Exchanft
;
Chicago Stock Exchange
'
v
Ford
v■
". •
Vi-,;
.4.
•
.v;-v.=.
^"4'/
'-4
'
4"-'
/
■:44
7
Week's
Friday
Last tit !$£;Rai»ff|j:
a
Loud
Allen
Eieri.rle
Baldwin
.'
..
—;
.1
4%
-
4%
Jan
16%
Jan
48
Jan
48%
18
^
1
Chrysler Corp; —.——^22.5
Consolidated Paper —I—;
.—10
Crowley,
!).
Motors
135% 139%
;•
Milner/—.^—.2..—
['
{.■>'>*
•
J1 J'■"
,
17
Edison
4%
10 Va
Jan
11
Jan
75%
Jan
78%
Jan
100
21%
Jan
24 Va
Jan
*67% &68%
80
64 Mi
Jan
64 V2
Jan
Jan
91%
17
8%
135% Jan
Jan
Development
•
Jan
22%
Jan
Oil
Co
105
9%
Jan
17
8%
5,390
29%
:/;.'554r
5%
-5%
1,900"
25%
985
Federal Motor Truck.—.——.——.*
Frankenmuth Brewing 22.—222*2*1
Trailer
\
Goebel Brewing
-
2
17
Jan
Angeles Investment Co
&
Nordon
2,027
300
1.05
;
1.23
30C
19%
Jan
Occidental
Jan
5%
Jan
Oceanic
25%
1.35
1.35
2,944
1.35
Petroleum
OU
16
..•
Jan
18
Pacific
Jan
6% Jan
6%
3%
Jan
4
34%
Jan
41%
common
25%
12%
1,395
74% Jan
Jan
'6%
790
8,159-
•
2
25
,25.
"•■ 7%
Jan
Rice
Jan
•
25%
17%
j
8
3%
-22-22—2-- -24**222i-
•«
23%
215
30
Jan
26%
Jan
&
-'
3%
5,475
_10
36%
900-
37
31%
31%
common
—
Products..:
.1
...
Jan
0
7%.Jan
3*/«
* Jaii
•
1
Michigan Die Casting.*—.——-.
1
Michigan. Sugar common--.—.*
Preferred 2_.
1.4.10
;
Packard Motor Car....—
Park Chemical Co
••!
'5%
3%
.
9Vs
9
? 9%
1.10
1.00
1.10
'
Jan'
37
Jan
33c
13
13
75c
72 %c
75c
*.'
Prudential Investing
10%
%
Elec
1.40
1.65
5
6% ;
29.4V "4
>:
30%
j.
29
29 Va
5%
3%
.
1
River
CO-————-2
Raisin Paper,——
r
5%
-
;
t
7
So
Simplicity Patt
,,.7%
Tube
Standard
B
;;
200
15*% Jan
44;t
712
41
Jan
;
284
39%
Jan
..25
36 Va
36 y2
Mt
36%
Jan.
10
65
,f
_•
Brewing
,-l
848
8%
37%c-
common—wr„
3,800
59%
8%
31
Jan
13%
16
15%.
;
l6y#
'.
200
8%
7%
2,836
1,973
:■
900
13%
Union
Investment common—
United
t
Shirt
U S
.i:i
'lJ.
<fe
I
class
Co
A
8.-4 ■/'
8
10
common——.1
Class B
■
14%;:,
14% '•/.
————,—*
14
6
9%
a25% 826%
,
57
Wavne Screw. Products.,^,——4
Jan
10c
Jan
(Cal)____
13c
Jan
25c
13,000
23c
Jan
25c
Jan
19%
1,475
50
19%
Jan
>,
36
Jan
,
.1
23c
-
19%
..1
818% al8%
6%
preferred
4/7//-
778
1,430
445
8%
19% 20%
860% a64%
5,448
19%
7%
22%
&
West
—2
Air
Inc
20
5
50c
——
42
22%
400
25
26
5,786
105% 105%
.."45
25%
———*
Consolidated
Air* Lines'
Juneau
Oil
Co..
10
23
23%
24%
8
Zenda
Jan
Gold
Jan
39
14
Jan
6
Amer
Mng
Co
of Prices
12
Rad
Co——
80c
9%
Par
Bandini Petroleum Co
Barker
Bros
Low
l*,..■
5% "7
Corp
pfd_...—50
Barnhart-Morrow Consolidated J,-
__
.1
'
Berkey & Gay Furniture Co——.1
Blue Diamond Corp,,.
—.,„_2
■
Chica
Bolsa
/American
Stan
'
■
5
'
1
,
,
Cessna
Investment
■*'
Co'ro—
*
"* ^
Fuel
&
Iron^n^w,—^,1—^
Consolidated Steel Corp
/Preferred
Creameries
•
_JL—..—___•
of
America,
Inc
—
1
5%
50%
'"
130
/ -
r
^
10
7%
6%
-
;
>
1,700
.
8,772 /
'
97'/a
"
Jan
Jan
6
:'
Jan
./
Jan
Jan
6%
Jan
•
54
Jan
176
Jan
.
•
1.086
176
114 4
Jan
950
6%
Jan
.
150
145
-"v.
17
'
'
6%
Jan
36 Va
1.950
34%
Viscose
Corp..
1.415
30 y4
Jan?
23%
Jan
/
.
37%
*30%
25
Jan
Jan
Douglas
Aircraft
Co.:———i.i.*
Industries
For
footnotes
(new)
see
oage
-50c
501,
;
f;
: a93%
a31
693%"f
a30% a31Va
50
•%.
144
-.1/44^ '
•;
Jan
8%
9% Jan
12c
Jan
16c
Jan
12c
Jan
20c
Jan
2.25
2.800
Jan
2.60 jJan
7c
8c
2.20
Jan
45,700
'
1
\+
al7% al9%
a69%
a65% a68%
a67% a67.%
__
_50
47 %
45 l/a
Corporation
'<
14
14%
.———
^
V
„.Ji'
^ rJt
12%
1
11
I
'
,S
.
J
y
»
al01%
Airplane Company..
—5
Company 1.1,^—,
—15
Borg-Warner Corp
——„...
5
Cities
Tractor
Service
I®
' 13%
&
32%
Jan
General
Foods
Jan
Jan
24% Jan
Jan
107%
Jan
52%
♦
Jan
Jan
22%
Jan
Jan
47
Jan
30
755
19%
47
165
22%
a31a34ys
,
—*
.1
1
Share
Corp__
207
12%; 13Vb
1,265
a24
Jan
52% Jan
'
__
a33% a34%
.
^3
?
'•;•$ 20%
22%
a37% a39ya
a38 ;
——1
14,860
.
'
9%
,
.
8%
9
,'409
——5
a21% a23%
/V.;
——•
63
a21% a22%
Jan
4 4
Jan
,
f Jan
32'%
Jan
22%
'18%, Jan^
Jan' '
726
;
Jan
9%
Jan
,*29
^'7%
Jan
20'A
Jan
22%
Jan
"47%
Jan
487/a
Jan
Jan
60
48 '/4
47%
,a54%
'
2,980
:■;/,• 365
—*
Jan
Jan
105
-,28%J29%
Corp..——\
2%
32%
75
-~i
Co—
10% Jan
50
3Vs
4
a31 a31%
.
4
^
30
137/a
5
a24
(Del)——...—5
—
Bond
_a51%
21%
"■—i
*
..*——
Curtiss-Wright Corp —;—
Electric
Jan
37,
99
230
Aircraft' Corp—
a
127/8
Jan
,185
Continental Motors Corp
; : class
Jan
60
a73% a74%
Electric Corp..
Co
Jan
4 Jan
227/b
357
a43% a46%
Commonwealth & Southern Corp
Oil
;
a46
Solvents' Corp—.—.....*
Commonwealth Edison Company
25
Vultee
Jan
14%
109
25
__
-Commercial
Cons
4_8~%
Jan
135
Co.—a73%
Co.—.
Columbia Gas &
9%
95
.
a51%
__
25
Co.—————.25
Jaii
Jan
35
200
a30% a30Y8
Railway Co.
12%
3,785
37
a487/a a49%
•
43%
109
M " 'r
'37
a97%al04%
Borden
102% Jan-
120
a22% a23Va
Aviation; Corp——i——■w——.5
(J I)
Jan
Jan
Jan
640
50
a54V8 a57%
Case
19%
18
740
v.
/
12%
/"*
5
Caterpillar
Jan
Jan
30
47 %
14
—
Canadian Pacific
8c
23c
162
833
,—5
.
Jan
Jan
192%
110
aWVa
A T & s F
«
7c
14c
17,000
22c
—14
Mining Co
General Electric Co
Jan
Jan
860
al92% al891/«al92%
.*
100
(III
Electric Power & Light
,
-'31%
Jan
80c
9,010
16c
Jan"
•
Dresser
Jan-
34,000
20c
—*
Coi—
Corp.._i..
Anaconda Copper
Continental
19
•
Jan
?::30% *- 30% ' 30%
'"24% r:-'v;23%':f-" 25
44 1,318
Jan
■/£
%
Jan '
33%
15c
7%c
"
al8% aldVi-S
34%
Jan
7%
-
Jan
50
-'.'.•
■
454-
Jan
1,385
r* i
.
Jan
■>% 7V8
^i:-5V2
1,260
,
Jan
75c
,
v
Jan.
2.20
2.25
Boeing
67/b
Jan
80
5
1.514
,
52
*
'
High
Jan
54
V- 900
6%^
6%
634
al34% al32%al36Va
Chrysler Corp —————5
Colorado
i
90
5%
' *' •'
175
_1
54
7%
'
._
/rT
;"'1 ' *
—,100
Aircraft Co.—
5%
4%
33%
'
San
& Refin
& Tel Co
Armour & Co
Jan
Range Since January 1
44/tote 444;:
1,700
80'
' 5% «■
5%
;.y
5%
£4
.
90''
..;
High
»4% '
7%
Oil
Corp—-_..l
Broadway Dept Stores Inc common..*
Central
^
5
•■/•/
.'.-a:
Jan
4 24% Jan
Jan
16c
Bendix
V
.
9%
'•
Baldwin Locomotive Works vtc--..-.13
Barnsdall Oil Co.—.
5
'4
27
105%
13c
/
—
.1
Bethlehem Steel Corp
-
.
22% Jap
•
12c
__
15c
25c
Stocks—
&
American Tel
Jan
7 /K;
Shares iX-
21
10
75c ;
10
10c
...1 *
Mng Co
Mining Co.
American Smelt
Jan
Jan
Jan
Gold
IJnllsted
Jan
4%
for Week
/Range
,
/
Mng
Cons
Cons Chollar G & S Mng Co
Jan
Sales
Week'*..-
Jan
21% Jan
105% Jan
-
2.105
a32% a32%
ihc.*...—1
Gold
Mammoth
^
'««♦
Jan
9%
Jan
Angeles Stock Exchange
Friday-
Jan
497/b
57% Jan
46
Jan
Jan
178
22%
of Califorma—2h
.
Jan
Jan
62j/2
Jan;
':•:
Jan
42
Jan
25
Inc
Cardinal
Jan
13%
Jan
38% Jan '
32%
31%
;
Jan
Corporation
Mining Stocks—
Black
Jan
10%
9
20% Jap.
Jan
Calif.
Preferred
Jan
9%
13%
6,210
•
Jan
9
"A"
Company
of
Co
Transcontinental
Alaska
15%
300
:
31%
46%
Jan
Jan
14,260
26% Jsu
'33%
21,000
62%
13%
Jan
39
•
255
13c
9
Jan
Jan
8
26% JanV31% Jan
'
31%
46
Aviation
Sale Price
Jan
Jan
12c
61:
Textron
^
STOCKS—
4%
9'/*
/»
;
31%
Ry Co—...........100
al06%al07%
Atlantic Refining Co..——.
25 ' a37Vai
a37 %
a38
Los
Jan
: :/17% Jan
Jan
10
100
12
;
Jan
% 65c
/
,
Jan
•
Western
13%
200
6
11%
Jan
£•10%
8% -Jan.;/
_•
.Union, Oil
17% Jati
Jan
?
Oil. Corporation—.......1
5%
/
V-
1,250
42
Jan
6% Jan
14
•
5%
37/a
c; 200
8%
25
Universal
Jan
12
■
1,450.
39
Jan
Jan
63 y*
.15% .Jan
42,
Gas
7%
6% Jati
6%
100
10
13%
39
—
Aircraft common.—,.———.1
Warner
}■
*
Distributors—__i——1•
Radiator
Walker
6%
55c,
;.
290
Calif
4%
Jan
12
3,200
i.1,455,
65
30% Jan
Jan
-
Jan
167/s
•" /
Jan
44%
Jan
732
6V2
6% • Jan.:
335
13%
16% Jan
y 8%; Jan
:;
2,074
Jan
i'
3,634
7'/4
,1 •
Jan
4.39% Jan
4 36% Jan
Jan
59%
135
.
,1.175
Transamerlca
"
—1
Ddvlite Co
;
65
65
63%
9%
07%Q, 60c
63%...
Imperial Development Co Ltd——25c
Tivoli
/
'i I0O
Jan
1.65
39%
32
Jan
Jan
Jan
13%
8
/75c
44%
common...
Co
Pacific
Jan
*
17%
8%
Jan
37c
Jan
31%
Oil
*
common.
1.45
37%
6%
5%
1,565
6%
72%c Jan
37
Southern
30%
Jan
13%
—'44/;''-'A
iy-13% Jan
31
Sunray
;;38%
-
4
16%
—
».
31%
Standard
Jan
13%
common-
Jan
Jan
Edlson Co Ltd——,-.25
11%
Jan
17%
—
1 Bheller
\
.13
preferred, class ,B/——25
preferred class C-_
—.25
-
Jan
'
Scotten-Dillon
-—10
Manufacturing s—i—1
;
i
Jan
1.10 ,Jan
D 25c
21,600
;::;44,I65::
15%
5%%
Jan
/
Jan
5%
790
5%
.
39%
Company....
Jan
Jan
v
29
.950
7
5%
:
Jan
9%
;;
44%
C.nrn
Oil
Aircraft
6%
/
Jan
-
Jan
5%
3,450
4% 44%
(H W)
Jan
45
y 1.00 Jan
15 %
Yosemite Portland Cement preferred-10
Rickel
,r.
Jan
Jan
8%
44%'
c.orp—
Petroleum
8outhern Calif
Jan
13
.30%) Jan
1,481
f
8
/•:
1.05
•'
Jan
39%.
Inc.—....
Trading
5%
Jan
36
451ft-
;
Jan
'
25
.25,
Cd--—
6y«
-iJan
10Vi
4 i 160
6%
.
-
.'4,985
38
Jan
67/a
Jan
41/2
.;
Jan
5
100
2,674
38
1.05
27.883
i
common
Oil Corp
«Warrants/—
Sinclair
•
13
275
..
'
11%
5%
■
-i
—
•
13
3034
*4
;
•
h
'4:'y
.5%
.
;
Jan
Jan
800
1.65
i
1
>
Ranch Oil
Solar
31% Jan
3% Jan
2% 'Jan
v
.
5%
v'6.%-'
•
Peninsular Metal Products—i
(
44
11%
1
Wolverine
Parker
.
13
_•
common
V
.
43
202
45
1,000
29c
'
f
Jan
.
670
'
13
Shell Union Oil torp—
Jan
31 %
.
"
,
Parke, Davis commoft**2-2.2-.2~22-..*
Parkef Rust-Proof common—.—.**2 Mi
v,
<
50
4
/
3 >4
f
:
Jan
Jan
200
29c
Corp—
Lighting Corp
/Sierra
,8% Jan "
Jan
35
793
,.:4«% /
6,955
2% :;.3%;'4 96,285 u'
5%,'/" 1,100
45%
4'A
McClanahan Oil common...
;
Jan
1.50
Jan
42%
15,021
45
'
1st
Safeway Stores,
Jan
34
/Jan;,
8
2,135
.8%
CiclasfA^pfd*—*———*
Screw
;
Jan
Jan
Jan
;
Masco
?
Jan
30c
20 7/s
;!
200.;,;
/;>
650
8Vs
45
Ryan Aeronautical Co
Jan
17%
125
'
9
1.05
67/e
45
Products
Richfield
15% Jan
23 % Jan
"
8%
1.05
7%
:
Republic Petroleum. Co common.^
'
10% Jan
820
31%
31%
Kingston Products
(R
1.35
Jan
Jan
Jan
->78%;Jah
710
24% ;25%.-r,
17%
17%
2'/a
Kinsel, Drug
Mashoh
Jan
Jan
1.35
34
'
.Kresge (S 81
Jan
9l/a
26c
281
1
preferred
—;
5% -1st preferred
Pacific Indemnity Company—.
Jan
14%
Gas
5% %
Jan
7%
;;K p:
43
202
—1
'
Jan
1,185
13% .15%
43
201
:
T'-vi
44
—1
Co
Clay
Signal
;
34 y4
Jan
25%
100
76'.
6%
15
Hudson/ Motor Car—2.2.22.——.2-.?
Hurd Lock & Mfg2
.2*2—...2.—.2.I
.
1.05
Jan
19%
865
Jan
32
Jan
.
8%
3,000
-44
Jan
Jan
1.90
Jan
Jan
27
./
3,900
28c
19%
.1 ;/•
—
Corporation, Ltd
Pacific
Bearing-.—^^——10
Houdallle-Hershey-
34
8%
Jan
1,525
■M-
13%
-.../_1r
Hoskins Mfg common——
-
32
.
Jan
9%
Jan
5%
500
.
.41%
74%
,2222—1
—:
(new)__100
Mt^DiablQ Oil, Mng & Dev COi.
Jan
■■
Hoover Ball
1.204
—1
1.70
•;V
30
32
10c
—
89
389
1.200
■y
8%
33 y8
•
Jan
25%
24
200
4
41%
,_xo
-.
.
common
%
•6%
3%
;
■
•' *„'lt
.3
.
Industries,
General Motors common—..
17
6%
—*1
*!
Graham-Paige
16
2——.
—.
Wood
90
1.85
4'-4,7' ''£; a3iy8 a31»/8
[ 4
Co.—I——-
Pacific
Gar
89
1.75
.
22Y4 Jan
25%
1
89
Cq„
Menasco Manufacturing Co
,.,1
Merchants Petroleum Co.
——1
Monogram Pictures Corpi——,_l
135% Jan
21%
21
24%
;
-
Fruehauf
"A" common
Mascot Oil Co..
Jan
19%
Jan
555
20
common
Jan'
635
•
Detroit; Gray Iron-———5
Detroit Steel Corp.—
—2
Friar's'Ale
Jan
Jan
200
Northrop Aircraft Inc——,
Detroit & Cleve Navigation——.10
Detroit
Jan
9
7757
Los
*
*
v
Jan
-
3%
254/
•21%-122
21% (22</4
__1
common-i
4%
1,355
Brown,'. McLaren •
£ —-4
Z •,...■1
Burroughs Adding Machine————*
Continental
Jan
Jan
1,275
1,244
8
»v
Jan
19%
24%
Petroleum Co.,_._10c
Lockheed Aircraft .Corp—1
Jan
15%
370
:
Jan
•
10%
Lincoln
■*tgh
1,207
600
18
•
385
75%
Jade
_i
9
41
—
-Jan
24%
Lane-Wells
.Range,Since January 1
.*■ tiOW-
"./;:-7l3
Jan
110
-
10%
common
Int.ercoast petroleum Corp—.u 10c
Week
Hioh
18%
370
17%
•
Jan
75%
Corp
.
———2—.—— *
Rubber
Briggs Mfg :
44/
Hupp Motor Car Corp.,,—.
•Shares
12
High
Jan
-
iu
Motors
Hudson Motor Car Co..
Hunt Foods Inc common.-;
Bales :,r
for
Of Prices
;
a375
1
!:•
Detroit Stock Exchange
Sale Price
12,750
97 Va
17%
—2.-
Holly
STOCKS—
17!/4
110
8%
a370
—1
Lota
•441,004
97%
a370
18
100
A
Range Since January 1
General faint Corp .common——
Goodyear Tire & Rubber7 Co com,..,*
General
Hancock Oil Co
•
class
Shares
High
17%"
Garrett.Corp'
v
Telephone: Rendolph 5530
:
Stores
TRinity 4121
Sales.;
Low
105
4
4•• :;..'-4.44".v, 'V.'"4'•>4,
1
,
Fitzsimmons
DETROIT
Building 4'
••
'5
•;
«
'
Unlisted Issues
for Week
of Prices
.''4,
■'»
•;
l
Farmers & Merchants Nat'l Bank
Farnswortb Television & Radio
.New York Curb Associate
Detroit Stoclc Exchange
\V
;
—
Range
Sale Price
Electrical Products Corp
Exeter Oil Co Ltd class A
>1
■
—
Week's
Last
■.
.
••
LOS ANGELES
—
STOCKS—
,
■■
Listed
"73%' Jan
"
watling, Lerchen & Co.
.Sv-1'/.hM
BROKERAGE
FACILITIES
15%* Jan
Jan
;
-
■
\.
199
<
31;
.
AND
Member Los Angeles Stock Exchange
.Jan
JarV
93
.
14
160
14%
#■
79%„Jan ;•
29
,«Jan
-751
85%
: 30
'
Co., New York
Jan
18%
1,711
*
58% ,6.0;
,
-V
of; Ohloi—;.10
Thompson Products IftcUw4—-ii—i...*
>
-
Jiigh"r:
'•
Jan
16%
100
17%
32%
33%
.
—
*
Standard 4 Oil
-
17%
:-V;i—/
Richman -" Bros
:/4. vi'.viow
Low* Hiah
'
Par
Radio Corp
■
--v% f\
'-v'
.
-
Shares
-//Range'./.,.
Sale Price
JANUARY 25
a53% a54%
.
I
CHRONICLE
THE COMMERCIAL 8c FINANCIAL
||
'
\
Monday, January 28, 1946'
OTHER STOCK EXCHANGES
#:'•>
Week's
%
1 ftftp.;>/.ft.:, ftyft 7Friday >
-
of Prices
for Week
"Shares-';
Range
•ft 'ft;/;-,,
,
•"
%f.l
"'•ft
STOCKS-*Sale Price
• 1
Par \? ■ •'*
.
.
Co
...
Tel
a39%
' 29%
%
11%
Jan
13%
195
33%
Jan
35%
;13
47
Jan
47
/
489
76%
Jan
78%
33%
a
809
32%
Jan
35 v8
Jan r
730
14%- Jan
33
"United'
Corporation1 (Del.)
United
Rubber Company
S
U
Lines, Inc
Air
WV..
Fireproofiag
Corp
Ohio Oil :&r. Gas———.-——
[■' YY
■.
25
Jan
13%
Jan
15
Jan
•
•13%
"9%
137/a
23
9%
825
>8%
111
HI
17%
,18
11%
7
;:
40
;; ••/ 977'
2T'4
5 >/4
•
Autocar1 Company-
Mfg Co
(E G)
Pub Co
Curtis
Electric Storage
36%
6%
a71
4,115
89%
1,875
33
:
75
67
Jan
542
43
■Jan
12%
340
10'a Jan
8%
8%
200
'77% Jan
2%
20C
2 Ya
45c
50c
50
27%
22
36?g
37%
38%
237
a52% a55Va
362
Range
Brothers
Gimbel
;—
^
,;r
Coal & Navigation—
Lehigh Valley RR_-_'j——
Lehigh
Shares
"
/Si.:".,,
v
*'/'
1
»
»
v-
]'
7
189% 1921B
-~5o
30%
^
34% .37
25%
•25%
23%
Jan
194 VB
Jan
22%
255
Jan
Jan
1,113
21%
22%
|
Bank
|
Jan
25%'
Jan
Jan
$
..
Salt Manufacturing
Philco
;
29%
Co
••t'i
'{<:
25
pfd
v
common
119
Bell Teletype EL 593
Sun
Paper
Oil
y-
''
-
%■
1
622
41% *Jan
44%
Jan
30%
Jan
30
Jan
/
.
T
28%
31V4
6,413
2,843
27%
Jan
p
10
118%
Jan
1,693
30%
Jan
.
Preferred
————
Corp
-
>
?•
Jan
7/437
235
m
common
——*
preferred
United Gas. Improvement
$3
;
-13%
•
105
Jan
50
Jan
48
.
International Shoe common-
Key Co common
»u»
:
Laclede-Christy Clay Prod com-.
>
Laclede
Jan
I
Mo Portland-Cement (pom.——,
•27%
Jan
31%
45%
Jan
46%
,
Jan
Steel
Jan
120
'
—
Johansen Shoe common—
,
J
32%
H 46 %
7
8%:
8% Jan-
*»•*.
:
8%
145
54%
108
7 52%
Jan.
57%
70%
101
69%
Jan
73 Vg
:3%
3%
225
3%
Jan
3%
.
St Louis
common
•-,V*'
iM -
,
*
Car common—..—
St Louis Pub Serv cl A com
|
Jan
Scruggs-V-3 Inc common..:
V
Jan
8%
Stix^ Baer & Puller common—-.w,
Wagner Electric common-;
—-
Jan
1%
,
-
Huttig. S, & D. common
Jan
52%
••-MirYy.'Y}
25
49%
49
.
13% Jan
8% Jan
12% Jan
8
Jan;
45
—.
Jan
8'%
25
-
t
common--—-.
120%
254
46
"
1
8%
Jan
V
7-,?
Tonopah Mining
Transit Invest Corp, common-—.
United
.
69%
7
13%
8Va
Hyde Park Brewing common
Hydraulic Pressed Brick common.
;ft:. •. Preferred ——
Jan
27%
45%
-
315
12%
1
High
Low
Dr Pepper common
FalstaffBrewing common—.—.,
27% Jan
45%
•(
-/<
••
Range Since January
.Shares
Blah
>?.
Jan
47
Jan
53%
*
common
?
8%
Jan
23 %
31%
Low
common—,^..
Bottling
Brewing
Columbia
;
Jan
41%
'
Par
-
v
; •
12 Yi Jan
591
43%
50
—;
Oil Corp
Dome
Scott
16%
'
Jan
7% Jan
:
7,077.
'
Salt
17
'Jan
4,269
30
Salea
for Week
of Prices
'i
8%
119
'*■
" Jan
46%
30%
30%
—50
Jan
39"
Jan
27%
28%
i'
■'
3
———
preferred
$
41% ,43 %
28% 30%
::
20
.
38% Jam7
Louis 2, Missouri
Week's
Range
;.
—
'
Coca-Cola
Jan
61%. Jan
■
Jan
12
10 V8
7
'
i
"
■
2nd
15
880
•
12%.;
25%
7
-
,43%;
•
8
45
i
45%
■
I—5o
;—100
Corp
Reading
.:
"Y
common
preferred
Eiec Power 8%
Phila
11%
8V4
—T
Philadelphia Electric Co common
preference
Jan
446
3,270
14% .16%
55%
79
Jan
59 Tb
'
& Light————i
Power
73%
•
75
17
16%
J
50% Jan
541
1,740
/
Friday
.• Last
Sale Price'
qommon.——.
Century Electric Co..—
>:
237b
Equipt
Bldg
Burkhart Mfg common-.-.4
ft'
Jan
•
M
Penna
4.4%
60%
16%
15 ?8
•
Jan-
Phone
CEntral '7600
Inv common-——;
American
Jan
26
Jan
55%
.76%
60 %
12%
if SY'V*
Penna
$1
54%
n
.
7
;
Jait^; y
1393i
Jan
2,726
;
J *
-"37%
33%
130%
m-421>:-~-
23%
.73%
75%
•
Pennsylvania RR——
36%
Jan
30%
..:
>
•
Jan
"< Jan
28
"
*.T16 /
■
32%
187%
1,063"
High :>
>
27% "Jan
909
32%
30%
22 3 4
1—50
Pennroad Corp
'
,
'.-••••..'•..'.ft..
Low
130Tb 136%
'.V*.;- 'K.
•-
,
St. Louis Stock Exchange
for Week
7.30%
'
National Power A Light———
Jan
.Jan
7% Jan
*:
35%' Jan.
St. LoUiS Stock Exchange
U'-
\ 55%
7
60c
22
5% Jan.--
.
New York Bioefc< Exchange
■
.
Jan
27% Janr
842
7
Members
-V Sales ft?
Week's
of Prices
•
•4
.»—*
:
2%
1871
Established
300 North 4th St.» St.
320
34%
;
242
v
«—10
.
Jan
Jan*
455
38%
36%
'?r
--■}!—IIT
com—12%
25
a37% a38%
36%
Battery
,'V
v'/;'. 9
v
18% iJan
300
7%
7
Jan
•
Jan
Jan.
23
349
,
48% Jan
13
Jan
7:? 45c
5
27%
20%
__
21%
2%
43,441
55c
75
.
Edward D. Jones & Co.
421
a50% a51%
,
24
Motors—.—_—
.
170
49%
5%
„a71
.
W:
General
5%. Jan
4%
20
135%
•
Jan
-
St. Louis Listed and Unlisted Securities
185
..i-.'-C1
.13%
Jan
5
405
—-
common——
2 V*
30
:
al05al07%
7 23%
Power & Light..
Delaware
Jan
170
:
a20% a21%
Last'
-i.—«■/
Jan
260
common——
——
Jan
9%
7U
"
-~~
13
Works v t o~
Baldwin Locomotive
Budd
Chrysler Corp
12%
47%
W:0-i
common—-—1
Westinghouse Air, Brake—
Westinghouse Electric Corp
/1921b
5c
1—
common.
Jan
*
Jan
Jan
45%
?
Springs————!
Standard Steel
Low^ High
—100
Jan
19%
11%
———.———-1
San. Toy Mining—
'
.—1
Shamrock Oil & Gas common
1
United States Glass
a58% a59%
a49% a49%
,31%
—
;
7 10%
1,009
75
47%
Renner Co
161
I Paf
Tel A Tei_—
115
6%
:
300
47 b
--
Pittsburgh Steel Foundry com——-*
100
Friday.;:
American
Jan
10,476
2
^ -J'v
208
38% .38%
a37%
Stores
15%
9'V* Jan
'
'
Preferred'
a41% a42 Va
Sale Price
American
Jan
Jan
661
9%
Chicago Stock Exch.
Chicago Board of Trade
New1 York Curb Exchange j£$ocjateY,vY'0Y,:"
■
.*8%
110%
:
a21% a22%
6Y2
•
'Sv
12
•7%
i.-.r-y T7
•
common
a65% a67V2
34%
a505e
'?
:;.;
107'
18
11%
;
9
Pittsburgh Plate Glass new——^——10
Pittsburgh Screw & Bolt Corp
•
1;295
36%
t.<
•
'•
Pittsburgh Brewing
1.656
49%
—10
„.
Fuel Supaly
a44% a46%
;
-
10
10
"
5
Gas
Star
\-'**">;v.'-
..
alSSVealSS'ls
—12%
Westinghouse Elec & Mfg Co
Woolworth Company (F;
Jan '
V
50
a31
"
;.
,
■—.—10
—1
preferred———
*
880
40%. 42%
16% ,.17
.
■■
——.—
Glass
National
.
1,023
a60% a60%
•
-■
32%, 32%
5
—*
22%
-->i—5
/_
-..5
Brewing
Pitt
Lone
90
17/17%
•
;
Jan
24%
16% Jan
840
a31
I*.i
■;
-
Jeannette
305
...'/
;%32%734%i
—
:
High'
46
22%
■
23
865b
Corp
Warner Bros Pictures Inc
Western Union Tel Co A—
Steel
S
U
;
.
——100
—10
5
*
10
Aircraft Corp
United
Port
193
"
OiL-i--—a20%
Railroad Co
•
t
Follansbee .Steel
* 766
!
46*46%
22%,
Carbide & Carbon Corp
Union. Pacific
'-Janh
-
.
,
2.956
a64% a65%*
a 58 %
Texas-Gulf: Sulphur Co_——-—--
Union
■?
-
-
37%* Jan'
—1—10.
Duquesne' Brewing
••••■
112
a36% a38%
,
-25
Tide: Water;Assoc
Jan 7
Jan h
I 275
56% a 60%
a
34%
,
-
44Y»
Candy——-——
common-—•
Devonian' Gil
Jan
•7
—
16%
15
—*
Co *
Texas;
Clark. CD L)
-
1,275
15%.-16%
a32% a 33%
T-
—1
——25.
Swift &' Co
54%- Jan '.
36%
.
Standard Brands, Inc—
:
*
-Standard Oil Co (Ind>__
25 a4ly4
Standard Oil Co (N J)^«——f—a65% ;
Stone .&; Webster, Inc—
——
Studebaker. Corp
Jan.;,:
54-
a773's a79%
Roebuck & Co (new)--—42%
Co—
!
'
a45% a46%
,
.
;ft—
Republic Steel Corp—,
Seaboard Oil Co of Del-^
——.—*
Southern. Railway
30Ys
Jan
13%
Radio. Corp
Sears
Jan
50%
Low
-
42%
23%
Co
Biaw-Knox
36%
a60%
• >.- <
•
Bocony-Vacuum Oil Co_
29%
498
Range Since January I
High
Jan*.
12 34
,Oil Co,———■. v 22%..
of America———
* •%,< —
Pure
.
39Va
.250
.
Pennsylvania Railroad Co
50
Phelps Podge- Corp——25
Inc *—.——
Jan/i
Jan
Shares
Columbia -Gas & Electric
50%
.
a21% a22%.
a21%
, 7,
11 '; 10,% 11%
———„•
pacicard Motor Car Co
-•
Paramount Pictures, Inc
1
Pullman
17%
39%
Mountain
Co———;
Oil
Ohio
Low
Allegheny Ludlum. Steel-———
13% Jan
Sales
for Week
Range
of Prices
WM'v; V;;-;' Par
;r:
257'
*:
29%, 30%
'.
10
Co—
15% Jan,
Jan
920
'a
a40;
.
11%
205
17%"
a38V»
Corp———————* 1;
54
Libbv. McNeill & Llbby—
.7 ftft- —
Loew's. Inc
r~*
36 V4
McKesson & Robbins, Inc———-—18
__
Montgomery Ward & Co, Inc
.
• a78%.
New
York Central RR—
—*
33%
North American Aviation. Inc
1
American
16%
,,
Kennecott Copper
North
25
,/
Week's
>
Sale Price
STOCKS—
4,194
—
of Canada..—*
Tel Corp—
*
&
Last
-
13%
15%
a61%
International Nickel Co
International
Friday
High \
,
'
15%
a58% a61%
--
Corp—
Iron
Interlake
Low
•-
a74% a74%
:
—■——*
Graham-Paige Motors Corp—
.-1
Great Northern
Ry Co pfd
——•
(B F>
Goodrich
Pittsburgh Stock Exchange
Range Since January 1
ftftfe
ftftft-
"
v
High
Low
RANGE FOR WEEK ENDING JANUARY 25
Sales
r.
.
51%
26%
50
1%
Jan
4%
6%
Jan
"...47%
Jan
52%
26 Va
Jan
26%
Jan
23% Jatr
:
2,438
;
■
common-—-,
Jan
Jan
31T
.
52%
25%
.
Jan.
3%
WAY
381
1%
4%
5%
V
;
1
5,421
9,234
1%
3%
..4 •
6%-
Aluminum
Sterling
Jan
vJairV
BONDS
»
St Louis Pub
■
Serv. 25-y.r conv lnc-i.1964
Scullin Steel
3s—-—-—___—1951
CANADIAN LISTED MARKETS
RANGE FOR WEEK ENDING JANUARY 23
.
Week's.
Friday
Toronto Stock
; v
v
^
7:77
'
CJ»si®diaMT Funds.
STOCKS—J;
' Last
STOCKS-
"
Par
Range
Abitibi Power & Paper common^—
6%
preferred
7%
preferred
common——*
Preferred
Acme
Gas
100
& Oil
•
Anglo
Ltd
of
Area
Mines
•
105
:
9c
10c
31
^
1
Warrants
100
20c
10
99%
page
501..
*
''
85
l0s/8c
11c
24c
70c
27c
90c
*
19c
9%
99V2
20c
10%
100
3
Jan
100%
Jan
Jan ;
180
Jan
l.':;24
Jan
^ 103%
Jan
5.200
Mining
20
.
28
-
1.58
105
;
8% Jan
Jan
Jail
-
..4':/TL
:
:
>
.77
32
1.72
Jan
"Jan.
Gold
Low
k
.
ft-ft ftftft'ft/ftft
ft- '•••
" :?./ftftft:-
.ft.;. Range Since January 1
High
Low
•
High
1
Athona
Jan
166,945 7
14c
Jan
Bank
J.an
54c
Jan
Bank of
Jan?
Bank
;i
,
-7' 24%
Jan,,
788
of
of
Nova
Jan
150
aJn
107%
Jan
Bathurst
57c
70c
237,525
34c
32c
36c
37,870
32c
52c:.
42c
52c
9,600
90,500
6.95
5.15
6.15
24,549
46C
"50c
—1
1.90
Jan
Radium:
Mines Ltd
'
3
Jan
Beatty Bros class A
——1
1
10
10
1C"
—*
47 %c
20c
-34
Rpil
Yellowknife
Tflpnhnnp
Belleteire
1
1
*
1.50
40 Vb
■;
of Cnnada
Quebec
Mines.
Berens River Mines
Jan
65c
Jun
1.40
Jan
Jan
6.15
Jan
46c
Jan
-
54c
Jan
24c
Jan
21%
.-•:»*
Jan
Jan >'
24%
Jan
Jan
34%
Jan
34
Jan
,20C
Jan
27c
Jan
6%
10.220
1.43
1.62
40T'2
:i
395
Jan
7%
Jan
1.41
10
40 VB
Jan
1.64
Jan
1.41
Jan.,
1.60
265
•
Jan
,
Jan
Jan
35
35
35
—1
58c
54c
58c
18,900
100
189
186
190
449
1
14%
14%
1
1.45
7,500
S4c
181.
13%
con
1.35
•r'/,
Jan
~
1.25
Jan
4 1TB
Jan
Jan
39
'
1.40
52c
17c
:
103,175
'
Jan
4.50
V
1,125
6%
Jan
1.23
19,400
1.64
39c
34
34
6%
Jan
JamftP
•
33
25c
1.43
Jan
84c
435
20c
20c1.57
7'"
33%
33%
*
34%
535
Jan
26c
-
Jan
60c
7,442
;
Jan
-
:
Jan
40C
33,000
24 V2
34
;
22c
23
20C
—•
Class B
Beaulieu
12c
131,800
Power class B
Beattie Gold
63c ">■
1.40
—
&
-.
46,800 •"
.
60c
Scotia
Exploration
47,900
22c,
•
Jan
57c
'
Bear
ft 44c
17 Vic
1.23
Base Metals
Jan
49c
45c
20c
•
Jan
62c
Jan
62c
Toronto—
106
78c
——X
Montreal
129%
1.35 Jan
19.775" 4 1.10 Jan ;;
;
ll%cJan
10%cJan.
' "350
•""24c
Jan
30c
Jan
24,700
90c
Jan
63c
Jan v
48,100 ."
19c
Jan
* *':f! 24c
Jan
13,000
9
Jan
7 10%
Jan
1,075
100
Jan
98% Jan
510
"
;
Jan''
48,100
1.40
Bagamac
Mines
.Bankfield Consolidated Mines
y 25c
90c
55c
93c
Jan
47c
Jan
Jan
42c
—!
Aumaque Gold Mines
Geld Mines
Jan.
22%
Mines
Aunor
9c
49,100
1
1
Aubelle Mines Ltd
15c
43 c
84c
90c
>
———1
Mines
Yellowknife
•Atlas
48c
42c
45c
64c
1
——1
V
Ashley Gold
Astoria Quebec Mines
825 7
46c C; 14,100
1.30
9%
Jan
440^
7
High
Jan
3,000
,
23c
1.20
2%
see
1.70
•
v,'
Y4
23 Va
* 740
145% / 149 "4; \ :*160
106% 107% i v ; 1157
88c
1
•
;
"43c
22%
25 %c
__1
Gold
__
172
9 600 "
11c 13%c
'.
,7 1.30
•
—
footnotes
107Ys
•
Argus Corp, Ltd common
4%% conv preference
For
23%
100
pfd
Anglo Huronian
Ansley Gold Mines—
PorcuDine
12c
60
31
_
93
?
104%
—
:
7% Jan
2',430
?
>
Armistice
Arntfield,
Arjon
'
Range for Year 1945
,
•
24
23
15c
•
Canadian Oil
Aquarius
7,",
43c
common
Canada
176 177%
7
:
■
*6 276
99
1.65
•
Copper
Gold Mines.
Algoma Steel common
Aluminium
_
23 V%
4::
Low?
8%
93
15c
Alger
Aluminum
97%
;/■:
High
7%
* 7.7a-31
1
: 1.67
Agnew-Surpass Shoe common
AJax Oil & Gas
Alberta-Pacific Consolidated
Aldermac
8
100
—
Acadia-Atlantic. Sugar
♦
——100
——
Shares
Mines————1
Gold
,
}
'
for Week
Low
Shares
■'
of Prices
Sale Price
'0'
•
.Sales.
for Week
.
of Prices
Sale Price
7
FWday:// ; Week'iSalef //;/
KYYYiYiYYiZifj-Sf}*:
Range
Last
Exchange
35
Jan
Jan
69c
Jan
J«n
190
Jan
Jan
15
Jan
Jan
1.45
Jan
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4459
CANADIAN
LISTED MARKETS
RANGE FOR WEEK ENDING JANUARY 25
Friday
.Week's
Range
for Week
of Prices
Shares
Low
at
Bertram
&
Bevcourt
Gold
Bidgood
35 %
Hiah
■
Low
';■.
35 %
.•
35 %
38c
Jan
57c
Jan
70c
: Jan
92c
Jan
10c 12 %C
34,200
10c
Jan
;13c
Jan
37c
Jan
45c
Jan
2.85
3.05
Jan 1,16
Jan
3.90
4.15
60
Jan
53
54
' 18,375
22,600
-"? 1,600
15
15 %
70
37c
37c
42c
44,000
—i.*....
-*
'V 15%
15%
16
310
14
50
58%
58%
% 60
95
56
I',
0001
\'(*~riX
4
»
•
v
u
»
Jan
0\
23c
26c
35,250
1.25
1.35
45c
40c
48c
33,905
1.05
1.30
28c
28c
29c
4.500
n
13
•
—
24c
-1
—1
1 '.^vuviile Gold Mines
Boycon Pershing Gold Mines.
High
.
34,600
_i
Bobfo Mines Ltd—,——
Bonetal Gold Mines
Lota
/;;
52C
64,600
'
■
47c
92c
.
Range Since January 1
High
Low
Jan
preferred,
Ribbon
Shares
35%
76c
Goia.
High
for Week
35% Jan
50
82c
Kiraland
Sales
Range
of Prices
Range Since January 1
.1
Biltmore Hats
Blue
-5
Sons——
^
Week's
Last
Sale Price
STOCKS—
!
Salea
39c
37c
39c
54,900
13
13
17%
18%
2.70
3.50
Jan
...
Jan
4.40
Jan
50
56%
i5
2,625
Jan
Jan
15%
87,500
:
3.35
Jan
1.15
202,175
400
20
1.05
11
.
Jan
v:
Jan
v <:
Jan
1.38
Jan
1.45
Jan
Jan
13
Jan
13
Jan
10
:
(:
Jan
Jan
2
Bralorne
Mines,
Ltd
——-——•
18
Light & Pwr com—"
Distillers—.—5
29%
Brazilian Traction
?
Brewers
&
American
Oil
British
Columbia
Packers
27%
29.'A
13% v!:,v. 13%
26%
—
British
27%
common—•
41
139
41%
29
29
4%
45c
4%
66c
70c
*
B
•'
"
4%
46 %c
"' British Dominion
Oil;
yjr Broulan Porcupine Mines, Ltd—
.1
,
■fa/'ri
»
i
-
'«
*
\
'
.
V*'
•
,
Buffadison Gold Mines..
.1 v
I Buffalo Ankerite Gold
Mines—.0
"r
Buffalo Canadian Gold Mnies——•
0 Buffalo
Red Lake Mines
*
0-+00-L--:
Building Products———
l; Bunker Hill
'Burlington
.
Steel......
36c
40c
H%
^
.
Calgary & Edmonton
•
0j-
J
; Campbell Red Lake—————:
v
■:
I
CanadA Packers class A--—
,
ri
-
28
.
49c
17,700
*3,685
33c
Jan.
8%
415
75c
Jan
..
76
.
76
14%
140
140
.
110
110
•
61
':"?■<
' liVa
37%
—
—38
12%
' Class B
.• •
Canadian Bakeries-common.^^-^.—•
Commerce
28
182
19%
88
.
:
23%
50
75
.
.600.
..
24%
23
23%
26%
1st preferred
.^..^.20
26*
-
26
■
23' 23%
19%
20
23
19¥a
.;?:iv::^,New;preferred'>U^^-*IS^
I CaiitidUiu
34%
22"
21lA
560
541
.
.
12.
23
»
Cony preferred
Canadian Car & Fdry c6mmon-~-*-w*
•
•
"1,625
9,320
.975
525
.
J4%;> 34%
345
4,180
.
81
18,720
.2,880
.41%
41%
42
-V Canadian Dredge —27%
,«
27%
27%
50
45
2,405
ceianese
$1.75
>
oonimon^.w^.^w.*
preferred
' Class,: A
•
.
■
It Canadian Industrial Alcohol
'com-
60
14%^
420%
.
l .'.vi'. Classi:''B,!/.-w--v.w^l.—
'0 Canadian Locomotive
-
61'
^~-a..i-100
| Canadian Food Products commoh—i.*
A^.*:
glVa
20v20%
18%
-
■'
&k'/>'"■*'
'■
■■■if: Canadian
_•
1.12
—i
15%
159%
16Q
18
Pacific
Ry_
23
22%
Tire
Rubber:—•
26
27%
Wirebound
Cariboo
■
<i
Gold
Carnation
&
Boxes.—^
,-a.*
Quartz—
Co
26
26
2.95
25%
Mines:
2.85
Circle
Bat
Cochenour Wilians ^loid
Cocksnutt, Plow Co
Coin
—_1
Minesii—i
Mines;
—
Corambli'Ltdv——
Commonwealth
_—~
—
Consolidated Mining <& Smelting.
Consumers Gas (Toronto)
Con west Exploration
^
Cosmos Imperial Mills—
—
Mining...a..;
tiroinor Pershing Mines——Crow's Nest Pass Coal—
80c
.
17%
85c
1.02
Jan
35c
Jdn
Jan
51c
Jan
19
8% Jan
33
Jan
2.65 Jan
2.40
2.00 Jan
19
,H,> *lan
156% Jan
1.20
28%
Jan
•
1.50
22
?
Jan
Jan
55c
jan
90% Jan
160
Jan
1.40
31
Jan
,,
I
Jan
Jan
30% Jan,
102% Jan;
40% Jan:
2.25 Jan
16% Jan
43% Jan
Crowshore Patricia Gold
Cub Aircraft ..——r—
Jan
1.40
Jan
Jan
1.90, Jan
32c
Jan
7(»c
Jan
1.67 Jan
*
Jan
30c
Jan
5 Vic
Jan
41c
Jan
44% Jan
,86c
Petroleum
29%
.0-20-0
...
14
1.92
—
Dickenson
Red
Distillers
Seagrams
Lake
Mining-
6c
Mines
Mines Ltd——
Dominion
Bank
Dominion
^
Dominion
Foundries & Steel
Dominion Malting common!
...
———>
Jan
31.,
Jan
?
27%
9.15
27
1.35
17c
24%
29%
6.35
7.95
8.25
22
Stores
Tar
'-0-~0000-~
&
Chemical
common.
————-:
Woollens common.J—
Mines
■
Mining Co..—
Gold Mines..—
footnotes
see
17C
20c
■56c
70c
21 %
page
5%c
7c
1.47
Duquesne
For
.
20
——
cohu—..-
Dominion
Donalda
Jan
94c
20%
Steel class
Preferred
no%
-
6.35
com.
Magnesium
-
1.90 Jan
I
23%
common—
Dominion Scottish Inv
Dominion
Jan
29%
Fabrics
Dominion
8c
14V<jc
Preferred
Preferred
Jan
Jan
2,50 Jan
Jan
77c
32%'c
1,15
common
Dominion
Dominion
15
Jan
Jan
7.85
_———
Dairies
Dominion
31
Jan
97%
Jan
20%c Jan
Jan
28% Jan.
Coal preferred
Dominion
2.00
Jan
1.55 Jan;
common-
— ———
12c
<1.01 Jan
Jan
15c^ Jan
Denison Nickel Mines——
Diversified
Jan
1
Davis Leather class A——
Class B
Delnite Mines
.
1-65
1.55
25c
31c
1.35
1.25
2.70
3.15
28%
29%
27%
28
71
71
1.40
501,
•
1;50
Jan
6 Vic
Jan
1.02
Davles
Duvay
:;■..;
17
80c
7% Jan
Mines—-_u-—^
Oaniauriim
Consolidated Bakeries
Dome
90c
4.85
III
45c
—
——
Coniagas
.
84c
1
31c
4.60
;
30c
Pete-:
Conduits National
1.90
19%
27c
4.60
1
Yellowknlfe
Cournor
,
340
18%
30c
17%
Lake
Colomac
1.70
1.50-
18%
Citralam Malartic Mines—.
4
_
•
Knitting——
4
;
_
■
Jan
;
Jah"1 <
IOC
•—•
Chemical ? Research*!———
1
fe ChestervrtlAIiarder tike^^ Gold Mlnes—l
Chromium Mines:
—w..—v..—*•
\
' [
33cf.
46c
0
.
Jan
Jan
•;
4;40 Jan "j
33c 44 %C
40c
*
j
Jan " i
14%C -JanC
1.85
2.75
l
1
Gold Mines
Chateau Gai Wines.;
-
Jan
16%
1.85
Central Porcupine Mines
•'If Centremaque
63c
2.80
—100
■•!: Castle:
Trethewey
4 Central Patricia Gold
Jan
I Jan
3.60
116% 116%
——1
pfd—
■
•-i
30c
69
24%
Canadian
J,
21,455
1.20
100
—
Canadian
■
_
.530
;
"
Oils
Preferred
J22-
...
.65
—•
>'A
'•}. Canadian
14s
;
Canadian MalartiO i
; ;
■
Jan
<
.
28
21%
''Hiladlan Breweries common—24%
|
.
Jan
55%
20
Jan
,
,.
49%
■
-
115
45
.290
„;
Jan
Jan
9c
140
19
12
^
|| Canadian Canners commoni^^U^*
.
Jan
2.65
210
38
82%
26%
,
'
Jan'
40yaC
10
25
62
■;
__
Class
Bank
Jan
79c
35c
B•
'-.w-..—..r* oj-i18%
Canada Permanent
Mortgage.^ii^. 100. • ; 182
.182
Canada Steamship common_
•
'
19%
18%
PWl-red
'
^
.-60'" 49%
' 48%
Canada Wire class
Canadian
Jan
1.18
109
26%
Jan
25c
1,700.
•
110.
26%
u_
.
140
88c
45
.
15%,...
•.
*
65,235
.
3.10
...
>
Ill
.
2.70
45c
<
;
10
270
.
28%
■
;
Jan
2,95
14%
100^
Canada Car & Motor preferred—.100 •
Canada Founclrjr class A--I—----♦■:.
——;
Canada Malting—-——.1—.
>
Canada NortbernPower../——I—-—•
.4..
5.15
;8%
,
Canada Cement
common——.— *
0.000*.
Jan
Jan
4.85
700
22
!■; 2.52
47c
'
Preferred
75c
3.00
•
Canada.Bread-cbihmon^j4r»-^—; • ;ciass.'B^^
f000-0.
..50'
.
31% Jan
Jan
'0%
—1'
;
'
Jan
Jan,.
■■/x/.-lgiiaVVI,;0 -I:31
2.70
Cfllmont Oils
14%.
;H3% ,.h%
f Cafdwkl Linen Mills 1st pfd. 1 ; 1* '
>■1/2nd'jpreferfed'^-^:.^^i^Aj--;_-:r.'>';.-;"/I—
Jan
5,160
14
■■:
22
•
Jan
3c
1,335
6%c
6%
32%
Jan
.123,950
28%
_*
.
f!
49c
27
Jan
70c
12,871,
5%c
Jan
24c
17,000
48C
•
6%c
•
Jan
Jan
119
30
38,700
40c
Jan
9%
30% Jan
-r
6.75; 5-40;
—_—•<14%
:( Burns & Co class A—•
.' class;b
1
^.40
39c
2c
20,400
1,45
Jan/
5% Jan
.
„
1.20
27%
•
f
17c
1,175
271,050
55c.
"
1
771
.
Jan
54%
5% Jan "
90
Jan";
00; ,225
6.20
50
J^n
48% Jan
990
i
1.4O':
•
.•
—
—
.*•
.
69c
.
42
10
29l/a
British Columbia Power class A
Class
10,569
13%
26%
'
'
-
•
5.70 Jan''
Jan
f
Monday, January 28, 1946
& FINANCIAL CHRONICLE
THE COMMERCIAL
CANADIAN LISTED MARKETS
WEEK ENDING JANUARY 25
EANGE FOR
Sulci
Range
fcr Week
of Prices
Last
Shares
/
Sale Price
STOCKS—
Mines
Macassa
4.55
4.75
6,575
6.20
7.50
100,340
—
_——
4.40
3.35
10
preferred
—
-
Red
Gold Mines,
Mercury Mills —
Mid-Continental Oil
National
Mines
104%
.
Jan
10c
1.60
Jan
13c
76%
8c
Jan
Brothers«i.__;
of Canada
7c
7%C
10,000
39C
49C
29C
37c
59,238
26 %c
5,700
18%
12C
75-
Jan
20
140
138
Jan
65
138
Jan
•
3,723
24
585
//'•/;8
85c
1.10
*
80
■—
36c
40c
3,700
36c
Jan
45c / Jan/;
150
19c
18.300
10c
Jan
20C
3.10
2.99
3.15
23,540
2.85
Jan
736
66c
74c
90,399
M8C
Jan
3.45
3.40
3.55
31,100
3.40
Jan
River Gold Mines—.—.
1.40
140
1.40
1,700
'
Mines..—^—^-1
Cons
Gold/.//.-./.--.—50c /
v'" / r
:1-
■
Jan
87c
Jan
Tamblyn »(GX- cemmoh..MLu.».««..»4
23%
223/4
24
747
21%
5.00
4,90
5.10
20,021
4.90-
74%
430
70
Jan
75
•296
16
278
390
8,300
17%
565
16% Jan
18
Jan
30%
100
30%
Jan
32
Jan
24%
26%
24
Jan
27% Jan
1.50
1.70
1,990
36,100
49c
50c
5,900
48o
Jan
60c
Jan
82c
85c
3,187
v60c
Jan
95c
Jan
22c
26c
92,000
27c
Jan
30c
Jan
21c
24c
4.25
Jan
67%
70
63
90c
1.04
4,700
90c
Jan
27c
30C
3,400
27c
Jan
lie
Jan
lie
13c
1.08
1.40
166,766
27c
30c
93,400
28C
——•
17C
16c
17c
•
1.23
1.15
1.25
8%
/;./-_/
-i——_5,...
5%
/./
Omnitrans
Exploration
Orange Crush common
;
:/
».*
/M:///
..
29c
1
—
32c
33c
1
--
y
.
-
—
30o
16M?
14%
...
71c
'•
Preferred -:
—^—.1..
Jan
30c
Jan
Jan
If
Jan
Wasa Lake Gold. Mines—^ n;
14%
Jan
14%
Jan
West
Jan
57c
Jan
Westeel
25
7%. Jan
?37,723
8
7%c Jan
Malartic
Pacific
Petroleum
Page
(new)
Porcupine Mines Ltd
1,360
11,960
8,540
<27c
/
1
1
27C
3,600
9%C
11c
lie
Paymaster ConS Mines Ltd
1
80 %c
79c
1
31c
30c
34C
Mines
I
Photo Engravers
Picadilly Porcupine
Gold
Jan
35c
19c
Jan
25c
6%c Jan
1.60
1.60
1.51
76c
Jan
84c
Jan
30c
Jan
40C
1.45
10,600
Jan
37c
Jan
_*
25
25
too
1
39c
37c
45c
39.400
1
4.50
4.45
4.60
6,380
4.35
6.10
6.10
Mines
46c
Pioneer Gold Mines of B C
1
6.40
1,710
1
750
55c"
75o
21.300
55c
„
1
49c
48c
50c
12,800
47c
Jaq
—1
31%
/• 31
33
905
Co
—
Powell
Rouyn Gold
Voting trust certificates
•
Metais
i
Dome
1.43
1.50
1.65
L43
1.58
16
390
2.56
2.85
72,845
,
—X
2.81
100
|
58
55
58
18%
22
3.410
_J
3.05
3.05
3.20
_
—
———
Mines
Purdy... Mica Mines
Purity Flour Mills common
Preferred
Jan
Jan
22,800
Jan
70c
75C
4.10
4.90
72c
„iX
*
•
*
4.80
119% 125%
22%
22%
121%
22 %
Jan
>
-
-■:
1.65
21c
20 %c
28,550
112,800
37c
Jan
130
25
Jan /
155
175
145
20
155
2?c
7,950
11
11%
1,470
11
220
51
,>
vReno
•
Gold
Riverside
Silk
Robertson
}. |
f;V
Jan
Mines——l.
Gold
1.750
40C
lie
13c
113/4
Jan
Jan '/M-
Atlas
23%
-1
Jan
Steel
Royal Bank
40c
Jan
17c
Jan
4;
f;
Silk
Bruck
—_
.
Jan
Jan
Jan
Panada. & Dominion
48%
46
Jan
48%
Jan
Canada- Vinegars
20c
Jan
Mine
38c
Jan
51c
58c
27,905
51c
Jan
64c
Jan yy.y.
//85C
90C
11,850
80c
Jan
93c
Jan
Coast
1,235
20
Jan
835
23
Jan ;
24%
56c
49%
56C
59c
48
49%
25c
56c
995
23c
.
Ryanor Mining
3,000
//23;#
25
,y/V/j<V
Jan
"»5/-%'
Copper——
St
Jan
59c
Jan
49%
Jan
Dominion
Jan
25c
Jan
Dominion Oilcloth
V
preferred—
Mines
8hawinigan
Shawkey
Creek
Hherritt-Gordoq Gold Mines
Sicks' Brewery common
,.
Jan
33
34
116
33
Jan
1
5.50
5.75
10c
13c
45c
47c
15%
15!/2
50
1.35
1.45
70,600
1.35
22%
560
213/4
Jan
23 %
Jan
51C
63c
47c
Jan
65c
2.00
1,600
1.73
Jan
2.00
Jan
Oil
2.60
3.10
437,345
1.66
Jan
3.65
Jan
Osisko Lake L—:
42
43
130
37%
Jan
43
Jan
Pend
40
42
1,150
35%
Jan
42
1,255
11.
Jan
15
36
Jan
36
14%
Jan
17
;
40
see
>/:
23 %
page
501.
14%
15
14
1
footnotes
22%
Jan': /;
300
58%
Jan
170
70
7
2,924
89
175
22%
80
28
/'/: 16
3.00
3.05
57
58
3.00
2.50
3.00
16
16%
—2
"b
15
36
36
10,376 \
5.50
147,700
••
.
■-•-/
195
40
37
Jan
>
;
Hayes. Steel. i—i-Howard Smith common——
*r:
Jan
5.80
Jan
Jan
14c
Jan
Jan
Jan
International Paper cpmmon-
15
Jan
'•/•/15%
Jan
/
Jan
1.63
Jan
47c
"> Preferred i——'—
•
Langley's Ltd
preferred.L-^
Minnesota & Ontario Papey.
Oreille
Jan
40c
Jan
85c
Jan
251
41%
Jan
40
///', 25
39 y2
Jan
94
35
92
Jan
1.95
-1.80
1.95
38
30
39
■
■li1; ;X., ■'
.■
•
i;' //
31%
31%
48
50%
132
49%
-too &
132%
6.805
100
■
2,256
75
/ 5,860
19%'
—
4
'—
16.100
25,685
■ ■
Jan
18%
Jan
\.
Jan
Jan
Jan
;;56
Jan
02,0% Jan
,
6%c
Jan
1.27 Jan M
1.80
Jan
Jan
4
4.50
Jan
Jan
/
4%c Jan
,•;
Jan
Jan
31%
133
Jan
.56
39
.
Jan
127%
,
2.15
•
.53%
31% Jan
48
5
.1-00
-
1.75 JanT ,
/23% Marr /
3,275
~
1.500
/.
Selections
Jan
17%
44 ¥2
44
1
—16
Jan
Jan
:' 16
'.i
2.70
—.—
Grain
Reliance
Jan
Southmount Investors
Jan
Temiskaming
Mining
104
106
106
10
26c
preferred
Jan
-
IT*
Jan
4.00
43
:■/'
/
59
Jan
2.10
94
_•
3.10
Jan
Jan
57
,/*{>' 4-,;. '«lv *! ^
Foothills Old & Gas
45c
15,000
/:
Jan
9% Jan
Jan
Jan
2.95
8,700
56c 74 %o
Jan
Jan
Jan
4%
1.210
10i766
-
23%
Jan
16
40
10c
15,200
/
105
•
90
Jan
26%
52
4%
7%
Jan
Jan
20
5
%;
Jan
6%
84
210
29
16
43/4
Jan
170
450
4,900
4%;
.
_———-
Jan
common
Preferred
15
62
Jan
1.80
—
Sigma
For
•/. / /
Jan
8
—I
•
trust
Silknit Ltd
;
104
525
•
—;
Scythes Ltd common
Ltd-.
Voting
'
15
8%
50c
River Gold
Senator Rouyn,
Sheep
'■
105
8
1
San Antonio Gold Mines Ltd
Sannorm
/-.t' T
1043/4
*
Class A preferred
Sand
100
50
common—
17%
23
16
.
z
u
1
Corp
58% Jan
15
28%
•,
—-i
Bridge
•
—1
Lawrence
Jan
21
Dominion Textiles common,Power
Saguenay
Jan
55
70c
Dalhousie:'
20c
Jan
21
31%
70
6%
Canadian
44
37,200
;
170
Consolidated Paper
Jan
&
16%
Jan
/
High
LOtU
High
59
•
Sugar-
29c
14%cJan
Range Since January 1
Shares
—
33c
23
i
—
%-;v
Marconi —
Canadian Western LumberCanadian Westinghouse
24%
lo
common
..
Sales
for Week
20%
21
24,400
12,900
•
Jan
22%
L—
75c
23
41%
59%
Co common
Preferred
47%
22
Jan
1,580
Brown
34%
223/4
40
84
1.03 Jan
Jan
Jan
10
$5,500
34
British Columbia Pulp &
Preferred -——
Jan
/
40
22%
Note———-*
Paper com—•
-k—100
British
Jan
Amer
Bank
614 Jan
Jan
Jan
90c
Jan
20%
A—
class
Beath
42
_•
Jan ;> i
16
32%
69c
52c
39c
Jan
59%
!—
34
30c
Jan
15
of Prices
Jan
160
31c
30c
1,215
///Range..-
Asbestos Corp
Jan
1.25
250
l
Co
Lake Gold
Jan
1.00
-
76,300
i
Mines-
Russell Industries
1.85
Jan
75C
20C
42,000
16
Jan
Exchange-Curb Section
■
28c
;.••// 145
26c
23c
19.400
20c
—-
-
20c
;
<
35c
31c
SalePrice
,
..
43c
..•,.
22
47%:
17c
i
-
Jan
5.30 Jan
5.05 Jan
4,440
;•
Jan
120
Jan
Jan
15%
National
34%
19c
117
Jan
406
Jan
34c
20 r:
f
Jan
32c
31c
Low
69c
1h
——
Jan
17%
,
32,000
43c
15%
8TOCK8—•
Jan
7%cJan
///•///;■ 5/
28C
94%' Jan
99
15% Jan
184
16,700
,
5.30
32c-
38c
/
Lftit
A-
45%
v
8,972
-
120
5.10
Jan
52%
;
Jan/
Jan
72c
34
37,600 -i'
/
CtnidiiB Fundi
Week's
Friday
22c
32c
8,600
38C
5.15
Jan
45%
//•/.
—
Royalite Oil
/
-
^
Jan
60c
10,200
34C
.120
•
.
Toronto Stock
i
48%
•
~•
Rouyn Merger Gold Mines
Oils
1.03
32c
12c
\
1.00
-
-
/
-
37C
Mipes^,M^.M.MMi.*
Jan
Jan
Jan
/
17
98
40
Jan
5%
•
236
96
6%
Uchi
I
Jan
72c
17% Jan
200
25C
100
Jan
15%
Jan
1.03
15,740
6
36C
Roche Long Lac
Rochette
22c
6
1.03
class A
'
19%c
23C
15%
Jan j
29%
105%
Jan
Bonds-—
;
77c
'■
21,600
21c
-'
L)_
(P
Preferred
Rush
7,100
1.15
./;./. 6-
*
Richmac
Roxana
95C
1.03
Jan
104%
17
Yellorex MInes_a_»
—i—^.1
Ymir Yankee Girl—.
' '0}v
: *•
40c
6,400
90c
1.14
Gold Mines.
Gold
1.83
93C
—
Reeves-Macdonald
1.74
4-'-
-0
—
,;^Mi.a!"
.
27%
75
98'
rYork Knitting common-.-i.-/—
Andian
Quebec Gold—
Quebec Manitou
Queenston Gold -Mines./..';..
Quemont Mining
Quinte Milk Products
795
105
Jan
3.45
Jan
:
160,,
283/4
•*"*
Jan
Jan
'
/ 28
104%
'
Jan
155 U Jan
23C
100
.T v
60c
30
Jan
17% Jan
2.85
%c Jan
20c
Jan
Jan
Jan
Jan
61
1.67
29
160 : 160 ///-•/'
28%
1
Jan
Jan
44c
148
Mines^.»^a4^^iU»iJbl>pfd
22%
1.66
29 /
;
■
Jan
Jan
129
Jan
••••r
3.00
6,500
51%
1.75
22
15
Jan
1.40
5.00
Jan
22
•/1,
58
70c
51
Jan
Jan
15
■
Jan
33
Jan
15
4.10
114%
37c
40C
*•'
65c
8,229
>1,592
1,492
//
1.50
1.58
t
X
Jan
13%
/
Jan
Jan
Jan
65c
—•
.
Jan
53
15
40
1
750
17
14,720
1.000
3.9*8 Jan
15c
'
«
lOVi
Jan
15%
'
65c
*
ui.
y
—10
Proprietary Mines
Prospectors Airways/.—--.-
-|
52C
'
14% Jan /
2.40
20
21%
——
,
7.750
10,300-
1.60
16
Corporation
Premier Gold Mining Co
Jan
86c
.......X.
common....—...*
Wright Hargreayes
■
Jan
8%
2.55
7,34ft
-30,142
Jan
,
i
Jan
303/a
1.50
1,55
-
Power
Jan.
-
Jan
12 %C~ Jan
:
Gold-
Jan
14 %c
Jan.
4,270
'
l.
Electric
Alexander
Wood
ly.t
•
12c
5.000 b
14c
Jan
6.65
Jan
Porcupine Reef Gold Mines
Jan
4.70
Jan
Porcupine Peninsular
Trust
Jan
./; 25
'
\
2.045
7%
Jan
8% Jan
71,000
Preferred
Winora
m
Jan
1.60
Jan
24%
—
Mines
—
Gold
?
■■J
•;'y |
Jan
42
Jan
*
14%
common-
'
Jan
58,187/:
19,300
,
Winnipeg
•
£
/;
Jan
lie
45,000
84c
Pen-Ray
Mines
26c
Jan
6
14
14%
Wlltsey-Coghlan^Mlnes
-
Jan
67,500
23C
40%
12yec 13 %c
:
preferred
4
/
-
:'T
'
'•
Ltd
•
10
Products
Westohs
i
■
Jan
42c
Jan
-290:
20C
2.85
Jan
;
Jan
32
;
Jan
35c
Jan
1.65
Jan
2.17
40C
'•1'
Jan
18c
Jan
29
32
2.60
22c
1
Gold
Malartic-
"
31
2.45
_l
Mines
Malartic
1.05
j^$75.50G
38C
—•
,
v
2.33
31%.
•
Hersey
Pandora Cadillac
18c
^•i.3r / 1.30 »1.6&
*
--
—
Aid
15c
—•
—
125
29
2.85
Preferred'
Oils
30%/Jan;
Jan
8%
——..—*
Western Grocers common-i.......——
Jan
45c
Jan
2.55
13 %C
44c
5
Jan
24
93/4
,,
Mines-i.,
-
Jan
36c
2.68
.»•
„
Waite-Amulet Mines, Ltd..
:
Walker-Gooderham & Worts com
Jan
Jan
1
15%
10,200
—
Vlcour
i
Jan.
34c
13c
12
.*
——
Vermilata .Oils
Jan
6%
Jan
Jan
620
27
•
19%
30%
50
42
7%
Jan
11-
15,950
--
40C
25%
wii.'
/
Jan
1.50 Jan
1.3fr Jan
2,267
30%
413/4
;«V/ '
14C
Canada Mines Ltd
Upper
34 %c Jan
Jan
37c
/39c
16
-505
11%
3Q%
22c
50
48C
44c
'•
19%
11
•
38c
6% Jail
Jan
32c
105,800
28C
16%
44c
—
—
Gold
34c
141/2
_>v,
11%
«.l*
Steel
United
Jan
3.85
/
4,100
>
Jan
12% Jan;
Jan
56,500
Jan
Jan
11%
Jan
35c
Jan
53%.
150
Jan
11%
32c
-
Jan
39
1,385
18
-
Jan
-
1.47
33C.
1,35
19%
? United Oils
8% Jan
Jan
65c
33C
60
B—25.
Class
'
12'/4
Jan
Jan.
2.35
11%
150
11%
11%
12%
Jan
22%
Jan
-30-
Jan
;
70C
Jan
143
■
1.46
Class B—
Jan
22c
33%cJan
6,300
16,200
52
77
'
United Fuel class "A"
Jan
1.25
5% Jan
-4,100
71C:
192
W.X'
Ventures, Ltd.
331/2c 34V4C
53
150
1
Union Mining
Jan
;
33c
Jan
3.25
52
150
/,
United Corp class
Jan
13c
1.40
7% Jan
30,150
"•—35
Union- Gas CO—
-
Jan
5.30
;
Jan
2.00
"
11%
''
Jan
1.13
575
3.40
65c
70C
341/4C
•
6%
3.25
3.40
.1
Jan
Jan
35c
Jan
16c
2,950
Mines
72%
1.05
>:
Jan
25c
34,700
5,400
7%
1.03
39
39
•
Jan
■
10,500
1.38
3.300
Jan
1.40 Jan
Jan
24
1.30
Jan
2.15
City Rapid Transit common...-.*
Twin
21%
590
22%
52%
'Preferred class A,—^-—-.>—...—50:
Towagmac Evplnratlnn
Transcontinental Resources —i
•
•
/
Jan
2.00
Toronto- Iron' common^—
Jan
27c
4.25
•/
53c
22,500
21%
•39/
1
'
-70c
2.05
w_—^.—..^1
i Toronto Rlevators/*/i«^/—
/
Preferred
—.——.—50
:-y Toronto General Trust
i——
100
Jan
1.25
65c
120
"22
Tailors..'..—.......
Tip Top
"
Jan
90c
28C
•
.
1.25
■690
Gold Ml
Thompson -Lund Mark
Jan
1.70
Jan
3.70
6,525
5,205
Oil
Canadian
Texas
Toburn Gold
Jan
2lc
34,500
4.00
1.50
Jan
"
40c
Jan
3lc
4.20
Ltd:
Corp
/
Jan
-
Jan-
3.65
Jan
1.25
—
Jan
740
Jan
iX
5
Teck-Hughes Gold Mines
Jan/
3.25
.1.40 Men
,
Jan
10
'
25% Jan
296
Jan
Jan
5
<
95
221/20
Omega Gold Mines
Regcourt
Jan
Jan
84%
3.90
74,115
3.45
3.70
>*:
82c
•
East
Jan
1.70
Oils—
Preston
Jan
10
82
Jan
30%
Mines
Premier
78»/4
80
3.00
35
253/4
Oil enm..
Pressed
Jan
Jan
12c
River
51
Jan
.—
O'Leary Malartic Mines
Powell
Jan
Jan
Mines
Pickle-Crow
Jan
95
$ Jan
Jan
1.10
10
Sylvanite Gold
•
Jan
Jan
350
V
Mining
Gold
8
48%
665
82
84%
83%
Jan
85c
70
•
Jan
24
6%
79,500
49% %: 5i-
Jan
291
;
Northland Mines
Perron
-■
18%
31D
'~
T
Jan
9%
Jan
7
■/
9%
22%
Jan
Jan
Jan
10L
Jan
70c
60
69'/8
Gold
100
90
7,770
95
Jan
14/
Jan
12%
73%
-
Northern Canada
Parbec
1.48
4,035-
-
Paramaque
Jan
Jan,
1.00
81c
Malartic Mines
Partanen
Jan
1.48-
24%
Norgold Mines
Pamour
19%
40c
Jan
17
Oil
Pacalta
IQl
7%
•
84
•
Jan
75c
-
Jan
Jan
23%
:•
Jan
10c
18 %
Taca
95
Jan
27%
Jan
25c
23
80%
common
Jan
140
85c
3.75
Surf Inlet Consol
-
Jan
10
Sullivan
•
Jan
1.25
116,618
/M .446-'
13 S/8
13
M6c
'•
Jan
1.40
25
8
51
—.^1—f—.——r._—.*.^,.25 -
Coal -/—106
Bturgeoh:RlverGold-.4....j..-^./--^X
Contact_..__:__...._.——1
12%c Jftn
1.48
-
Sudbury
Jan
Jan
105 %
1.550
~9
10
40c
Jan
17c
Jan
Jan
9c
33
75
75
18%
17%
i
Jan
1.02 Jan
45c VJan
7%c Jan
13,221
1.03
1
•-
Steep Rock Iron Mines—
34c /Jan
14c
190
31,500
11,180
'
•k Sterling
Jan
50c
Jan
26%c Jan
14c 15 %C
10%C
Jan
6c
Co
"Preferred
101%
;•
"
■/> 8
Steel
Jan
32c
1.45
•
23%
Stedman
Jan
1,75
.
25%
355
19%
"100.
4
;
Jan
Jan
5.000
25c
13%.
100
-——
Olson Co
Starratt
%c
1.20:
common
Jan
150
8
1.30
1.43
Standard ■. Radio
//
Jan
Jan
1.55 Jan
12,875
Paving
'/
25c
-w—
—J—
Preferred
27%
18%
18%
—
Preferred
1
8501
8C
Standard Chemical common—....—
//
Jan
29
'
Springer' Sturgeon -.—
Stadacona Mines
" Jan
73
2,600
1,305
15:
i
Jan
-
106
850/
Petroleuniw...^.—, —*
Southwest Petroleum
Jan
19%
Jan
1
Mines—
101.
>24'•
42,502
268,500
27
Co
Southam
.
Jan
20
Jan
16%
175
13c
/: 30%
Jan
18%
1,919
19;
//
1.25
58c
Jan
/27% Jan
225.
105
1.10
'
Standard
'225
19%
Jan
Jan
■
Noranda Mines
Ottawa. Car
28%
3,735
'
—
Nipissing Mines
Preferred
Jan
73
Calumet Mines—.
Orenada
16
1.55
Nib Yellowknife
-
Jan
30%
oomihon
Mines ;
Okalta
14%
1,400
104%.
south/End
.
Jan
12%c
Bidlamaque
Gold
45c
4,205
i
class. A
National Steel Car—.,—.—
.Preferred.
Jan
18 y2
Sewer
O'Brien
24c
44c
25%
i Slater (N)
Jan
16
Gas,
—
Grocers
North Star
44c
255
1.22
;
11
25c
National
•
Jan
105 105%
Power——•
Moore Corp common.,—-———
•
;
Class "A" ———I.
———
100
Mosher Long Lac——l :
Norseman
85,800
38c
15%
2.20
29
.105
Malartic
Sladen
.
15
100
dan
Jan
49c
Porcupine
Normetal
Jan,
406,600
a
Montreal Light He&t As
Nordon
Jan
18
—
Norbenite
Jan
14
19
—.*••;
Mining Corp
•
Monarch Knitting common.——-—100
/
Preferred -J
100 •
New preferred
10Q
Nicholson
15%
Jan
Siscoe Gold
Jan
Jan
98c
30
——
&
12
10
14%;
1
*
•
Gold
Lake
McMarmac
McWatters
5%c
Jan
11% Jan
101
Mines—,^.*...1
Preferred new—*
,
Jan
739
45c
1
1
3.75
3.30 Jan
4%c
Jan
High
14
Jan
11
101
20
-
273/4
28%
>.
fllan
89c
5,575
30c
*•
—5
Red Lake Mines
5.45
*
Jan
43,500
15
38c
100
.
4.40 Jan
70c
:
24%
Ltd- A nere.—».»■.—...
Simpsons
.
Low
13
101
1
pfd—
Silver Western Dairies new
v
3.70 Jan
1.70
14
*
-•
,
r
.
Jan
12c 13 %c
1.55
•
Co——.
McLellan
New
925
•—
.
McDougall Segur —
Mclntyre Porcupine Mines
New
26,768
12
~2Q
Preferred
Negus
5c
11%
1
1
McColl Frontenac Oil
Moneta
43,700
1
common
(L)
McKenzle
3.55
-•>
Preferred
McBrine
16,790
4%C
Martin-McNeely Mines
Massey-narrls
124,463
75c
———1
Maple. Leaf Milling Cq common
Maralgo Gold
Marcus. Gold
Gold__
5.45
70c
1.
Magnet Consolidated. Gold—
Malartic. Gold Fields——.
Manitoba & Eastern. —r——
Maple Leaf Gardens
28,747
Range Since January 1
■
•
f-k 183
•ML A-tl I--
11.
,
Jan
3.35
3.65
Jan
7.50
4.50, Jan.;
3.35
/
4.90
4.50* Jan
Preferred
;;
new
;s
.
13%
13
13
common—"
- .i—————i
Silverwoods Dairies
High
low
Par
Jan
41c
;
of Prices;
-
High
,
Jan
34c
15,100
:
MacLeod-CocKsnutt Gold Mines—,.
1.
Madsen Red Lake Gold Mines———1:.
Marlon Rouyn
36c
34c
1
>—;«*
Mines
MacDonald
Low
*
Gold
Yellowknife
Lynx
Range Since January 1
High
Lo»
///'■''000''; ,i////
for Week
Shares S
Range
Last
Sale Price
STOCKS—
Sales
Week's
Friday
Week's
Friday
■;
106
Jan
Jan
1
i 28c
Jan
Jan
33c
Jan
/
j
Volume 163
Number 4459
THE COMMERCIAL & FIN AN CtTX
CANADIAN
LISTED
SONICLE
MARKETS
range for week ending January 35
•
-
Ogilvie Flour Mills
common—
Preferred
STOCKS
Ottawa
'
High
175
,
com..
.
' '
Transport
.......
Regent Knitting - common.
Saguenay Power preferred——--.
:
St
Lawrence
Flour Mills
St
Lawrence
Paper
common.
preferred—.2.
i;
Shawinigan Water & Power
Sherwin Williams
Breweries
Simon
Ltd
Simpson#
of
Canada
common...
com.
—
& Sons preferred.
(H)
preferred..-..——.
■
Southam Press Co
Southern
Canada
Power.
Standard Chemicals
5%
common——
preferred
Steel Co of
Canada
Preferred
common.—
—
Twin
City Rapid Transit.———,
United Steel Corp.—
Cotton1'^—
Wabasso
Walker Gooderham & Worts com.
:
Preferred
-i.
Weston (Geo) common.————.
Ltd
Wilsils
—
—
Winnipeg Electric common
7
Preferred
Zellers
u.
Ltd
common
'5 %: preferred-
Banks
Canadienne
Commerce
Montreal
Nova
Royal
:*
25
6,460
465
2,410
55
922
55
4,178
For footnotes see
page
501.
.
.—
Scotia
475
21%
7%
Jan
,
22% Jan
;s8% Jan
.'.'.54
-Jan
Jan
150
288
50
17
Jan
32
465
29% Jan
72
60
;':vV 1,055
-
> Jan
450
t
8
33
,
70
Jan
•
.
18%
Jan
:
32
Jan
72
.
Jan
30
<.
:
■
57
101
Jan
Jan
Jan
Jan
Jan
33%
17%
61
101%
16%
16%
1.140
15%
Jan
59
2,767
56%
Jan
151
100 Va
Jan
425
15%
Jan
17% Jan
Jan
Jan
20% Jan
101'/a
17
v
19% Jan
sr,
St Lawrence Corporation common.
A preferred ———;
Sicks'
v 32% Jan
175
Jan
.
Jan
17%
15%
16
59
..
Power • i
Quebec
Jan
:
17%
preferred
Provincial
175
51
31%
———.
Woh.
Low
30%
17
72
—
l
Power Corp of Canada
——.
Price Bros & Co Ltd common..
5%
11
_
22 Va
"
Co
985
31%
Light Heat & Power
River
Range Since January 1
50
7%
'
—
Page-Hersey. Tubes.1'" '.4—
Powell
■
•
..^32%-''
21%
—
Penmans Ltd common.
Low
175
Aircraft—
Car
Shares
of Prices
32
common..
Ottawa Electric Rwys.
Ottawa
32 %
—,
Steel Products
Ontario
for Week
Range
Last
Sale Price
:
Sale*
Week's
Friday
I ;
STOCKS-
.
21
range for
Friday
Sale Price
y yyyyy stocks—y^yycy
Halifax
Sale Price
Range Since January 1
Shares
Low
High
167a
Jan
17%
Jan
16% Jan
32
Jan
33
17 3'#
(Can) Ltd A—_
Jan
Donalda
—-————20
preferred
Jan
Ltd—b—-
Mines
Gold
Elder. Gold Mines
Lake St
Inc-——i-1*
.1
_*
(Alfred)
Co
Range Since January 1
Low
1.57
>1.3,1
1.45 Jan
1,400
1.85
'
'
,
Jaii
31c
V—1
4
1,200
3.55
Jan
4.35
Jan
1.34
45,000
1.15
Jan
1.35
Jan
1.17
1.25A
1.17 Jan
1.45
Jan
3.25
——;
1,000
4.00
1.30
1.30
31c
3.90
3.40
30c
2,800
Jan
36o
Jan
Paper & Power—:*—'—* •
John
Lambert
.
—
Ltd—
Eldona Gold Mines
Lowney
—
Week
r
Shares
Htgit
1.45
■
Mines-;—
Mines.!——
Sullivan
East
Sales
Ran re
of Prices
Low
Elderidge
5%
>
Las»
1574
17%
———10
Co—_
Insurance
International Paints
Week's
Friday
High
Low
January 25
for Week
>
of Prices!
V1
'/,par
Range
week ending
Sales
Week's
Last- V-y-.
;
MARKETS
LISTED
CANADIAN
Monday, January 28, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
Ltd-
Ltd
Fontana Mines {1945)
Mines Ltd.
Formaque Gold
.
Franco?ur Gold Mines Ltd.
Power & Paper
MacLaren
Co
*
Ltd common—*
pfd
100
Maule Leaf Milling Co
Cfoldora
6%
Oil
McColl-Frontenac
Ltd
Distilleries
Alelchers
pfd-—.-100
& Ontario
Consolidated Gold Mines Ltd-.
J-M
Refrig & Storage Ltd.—
•
preferred-^302nd -preferred
-—-a.-20;:
Joliet-Quebec Mines Ltd
Kirkland Lake Gold Mining Co---.
1st
-
Pr
:
.i—•—
of Can 6%
Corp
Partic
*
f
6%
Pr
Canada
Normetal
pfd-—.—100
Pato
Ltd-^
x
Glass"B"
Thrift
674 %
.
1st
United
Pitt
preferred—
28c
28c
38c 40 Vic
6.95
1.60
Ltd.
6.95
1.60
Mines_l_
Yellowknife —
Gold Mines Ltd.
Gold
fteo Crest
Ltd—
of Canada
United Distillers
——,
_—
Dredging Ltd---.
Gold Mines
Quebec
Corp Ltd f'A'
Amusement
Exploration
Cadallic Gold Mines Ltd.
Cons Gold
Perron
,
-
Ltd
Stores
Mining Corp Ltd—
Omnitrans
Stowell
Co
—;
O'Brien Gold Mines Ltd—
Pandora
Screw
Lake Gold Mines—...
Mining Corp of Canada Ltd
Nib Yellowknlfe Mines Ltd—-
Bouthmount Invest Co Ltd——w—
'
Mines Ltd
Red
Madsen
Malartic Goldfields
,
Southern
Lake
Macdonald
Purity Flour Mills Co Ltd
--—10
,'v l J '
,'r
I
Quebec Pulp & Paper 7% red pfd—100
Quebec Tel & Power Corp class A-—*
Sarnia Bridge Co, Ltd—
*
,
.
———
Llngman
i
1st pfd—100
L—
50
cum
preferred
2nd
Lingslde
—
—
_
>1.'t
■'1
i
Ltd
y, v
.
Mount Royal Hotel Co Ltd-L
Nova Scotia Light & Power Co Ltd
i
Mines
Shore
Lake
■;
Mining & Explor Co Ltd
Labrador
Moore Corp Ltd-
? ;•
'
—
!___—„L
Mines
Jack Lake
Paper Co^_—5
Montreal
Nuclear
-—
-
Mines—- —4—'—
Hollinger Consolidated Gold-
10
Preferred
Minnesota
Ltd
Mines
Cadillac
Heva
*
common
Gold
Lake
Found
Goldbeam Mines ————i—
Massey-Harris Co Ltd 5%
Rochette Gold. Mines—
United Securities Ltd
Products
Westeel
L
Corp Ltd
Windsor Hotel Ltd—-
Steeloy
■ ■——
Stadacona
Mining Stocks
Aldermac
Mines
Astoria
.."
Jan
Jan
Towagamac
Villbona Gold
——
Mines.
&—
" v-v/ uf,'\
H
s
1.01
1944 Ltd.
Ltd
Aumague Gold Mines Ltd.
—u———.
Mines
Jan
Steep Rock Iron Mines Ltd.
Sullivan Cons Mines Ltd—
Ltd—.
Quebec Mines Ltd
Mines (.1937) Ltd
Athona
1.05
27 VicJan
Standard Gold Mines—
Copper Corp
Alger Gold Min£s Ltd—1——1
Arno
1.67
Sherritt-Gordpii "Mines Ltd
Mines Ltd-4—-
Slscoe Gold
—
Beatrice
Lbke
Red
Bouscadillac
Gold
53c
57c
Jan
28c
28c
30c
Jan
11c 1274 c
Corp__.
15c
Anglo-Canadian Oil Co Ltd
Canadian "Oil Companies—
12V'acJan
12c
Ltd
Mines
OH Stocks
Jan
31c
50c
-
—
Brazil Gold <fc Diamond M.
Cartler-Maiartic
33c
29c
Gold
Beaucourt Gold Mines—
Bonville Gold Mines Ltdi
12c
Jan
Home Oil
Central Cadillac Gold Mines Ltd—
Gold
Centremaque
Mines
-■«—
Mines
Ltd.:————
Ltd
Co
——
Homestead Oil Ss Gas Ltd
Century Mining Corp-Ltd-—-,
Mining-——
;y
Cournor
Dome
:
.
i.
.
Stocks,
.
.
Daily* Weekly and Yearly
25, J94$
Saturday—-.,
Tuesday
—
L-—
—J.—
Wednesday-i——l..—
Thursday—
—
—u
Friday—-..
;—
Total—-
—i——
i
Bonds
1,679,900
1,675,030
1,527,910
—«
—
Sharei
$4,173,000
4,837,700
Government
foreign
Bonds
*
Total
Bond
Bonds
$49,500
6,294,700
$4,454,000
22,000
5,370,700
27,500
$231,500
511,000
6,808,400
Week Ended Jan.
Saturday.
20,000
7,418,000:
5,389,000
403,000
33,000
10.900.980
$33,636,400
> $2,533,700
$179,000
-
5,825,000
$36,349,100
—
Shares)
25,1946
617,755
782,395
•
Total
839,830
4,752.500
,
""
10,900,980
Stocks—No. ol shares.
>
1945
——
3,000
483,000
383,000
$5,000
$496,000
1946
6,903,320
$2,626,000
1945
4,752,500
Stocks—No. of shares.
2,189,845
Bonds
—
Domestic—---——
Foreign government.
Railroad Ja Industrial
Foreign corporate—.
Total
Total—————
Slock And Bond Averages
Par
Below are the daily closing averages of representative stocks and bondi
listed on the New York Stock Exchange as compiled by Dow, Jones & Co.
;v;•
Stocks
Bonds
:
20
30
'
II
;
Rail-
trial*
roads
tie* >•
Stocki
trial*
200.21
"
66.28
40.47
39.80
40.00 '
40.45
40.79
40.80 : V
75.39
74.18
74.63
75.30
75.49
75.32
106.50
106.34
106.56
106.53
106.55
106.57
January 21_—.
196.63
January 22——
197.35
January 23——
January 24——
For
footnotes
'65.48
198.84
:
66.24
66.97
200.04
•
,
January 25^—;
-
66.46
199.50
66.30
see
page
349.
65
V-'U-
10
tnduaDate—
January 19———
Utili-
Total
•
Indut-
io
First
io
,v
Second
:
465 •
Bankers Trust
"53
Brooklyn Trust
100' 134
Central Hanover Bank Si Trust 20
119
Chase National Bank
15 ^ 44%
Chemical Bank Sc Trust
10 v 51%
Bank of New York—
5
*
100
10
—
'
10
Grado
Grade
Utill-
Rails
Rails
ties
Total
40
>
Bonds
Commercial National
117.43
101:86
109.65
117.42
101.60
109.64
117.52
- 101.69
".109.86
117.60 > 102.06 * 110.04
117.66
102.21
110.05
108.86
108.75
108.90
100-.05
20
Continental Bank & Trust—10
Corn Exchange Bank Sc Trust_20
Empire Trust
—50
109.11
Fiduciary Trust
102.26 "J 110.05
,109.14
117.69
Bid
> 33VV
Bank of the Manhattan
Trust
Flnt
Bank St
Co
National Bank
-
48 Vi
22V2
i 66%
123
.
39%
100 1,970 -!
.Fulton • Trust
Grace
National
;
—"
Guaranty Trust
Irving Trust
——
Kings County Trust_;
Lawyers Trust
Manufactures Trust Co
Morgan
fJ P)
com.
& Co Inc—.
National City Bank—
New York Trust
Public Nat'l Bank & Trust—!
Sterling National
Title
Guarantee
<fe Trust
United Statea Trust
Total
$433,000
441,000
358,000
528,000
.
'
Foreign
'i-=>'V
,
.
Bonds
O. S. Government
"
Week Ended Jan. 25
Week Ended'J an. 25
"
1946.
$1,000
1,000
$68,000
33,000
110,000
.79,000
156,000
50,000
$2,125,000
604,420
865,965
1,042,135
——
——
Bonds (Par Value)
'
Foreign
r
Foreign "
pomestie.Government
Corporate '
$364,000
407,000
248,000
449,000
327,000
.330,000
———
Monday—
—————
Tuesday
——i——
Wednesday—
Thursday———————
6,473,000 I
27,000
1,762,1$0
,
-
•
486,200
273,000
629,000
2,208,180
i
of
Sales-
6,180,000 V
6.762.000,
2,047,770
{Number
,
and Miscel.
.
Stocks
United States
Railroad.<.,
.
Number of
Monday—.
_
Transaciions at !he New York Curb Exchange
Exchange
Daily, Weekly and Yearly
'
Week Ended Jan.
_
•
Pacalta Oila CoJUd—
.
Transactions at Ihe New York Slock
,
12cl2»/aC
East Crest Oil Co Ltd——
Gold Mines Ltd--,
.25
109%
"
Number 4459
[Volume 163
,
THE COMMERCIAL & FINANCIAL CHRONICLE
,
$
OVER-THE-COUNTER MARKETS
Quotations for Friday, January 251[••■/./•/,.•
///'/[[.l,
For Quotations on Real Estate Bonds
Specialists
m
OVER-THE-COUNTER
>,f;• J•-'' /
|II Afllf
JEetahliBhed
a
:
:
V#
Wires to
Direct
CHICAGO
Dlgby 4-4950
Dealers Association
Members New York Security
1928
;
CO/liiM:
&
.7(,
;/.*
'*•
\) •"<
''
'•
••
c.-'V*.
■'
;
^
BeU
,
Teletype NY 1-953
Reorganization Rails
PHILADELPHIA
—•
v'
,
120 Broadway, New York
Phone: HEctor 2-8700
Tele. NY 1-1287 & 1-1288
WMT
■
-
40 Exchange Place, New York 5f N. Y.
Tel:
11/ 1((1| Jfc.
'
■
.,,
'•»**'
*.
«"
^
ISSUES
ACTIVE
•
^
Members New York Stock Exchange
Members New York Curb Exchange
Markets
Firm Trading
250
llliSSHASKAN
[iSECURIT|E|g
(When,
and
as
issued)
If
Bonds—
Cnlc
Investing Companies
[
8eeuxitiea._/_/to—1
1%
6.97
11.84
7.62
Series
K-l—
1
5.14
5.63
Series
K-2—
Foreign Investing-lOc
12.20
13.24
7%
8%
Aeronautical
Affiliated Fund Inc
_
American Business Shares
American
shares
Assoc'ted Standard Oil
I
Axe-Houghton Fund Inc
Axe
10.80
-•/
/
21.10
19.62
Series
S-3—
Series
S-4
40.45
43.99
108.74
111.19
Loomis Sayles
25.00
26.88
Loomls Sayles
of
Tr
Fund
9
43.23
Broad Street Invest Co Inc
•
i
23.40
25.64
7.65
Fund Ltd—1
Century Shares Trust—.————*
—.1
Chemical Fund—
Christiana
4.35
.
4
—-100:
Commonwealth Invest
>—1
9.43
30.67
4'/2s
1
16.30
y
85
:
17.15
99%
7
12.46
13.47
Inc
87'A
■,
1.95
Bond
-
1
Security Series—
Insurance
;:7
.-■Aetna/Casual &, 'Surety
Aetna
■
10
8.25
Aetnain
7.31
Agricultural
10.05
series
28.50
American Alliance
7.25
American
11.08
American
5.30
5.87
Speculative series
30.69
Industrial Fund, Inc_
Trust Fund
9
2.53
2.77
7.65
9.61
2
35.16
5.38
5.'98
American Equitable-^
—
.3
American Fidelity & Casualty_8
7.86
8.70
American of Newark—j..
17.36
17.54
14.56
15.99
9.32
6.74
7.71
Mutual
Fundamental Investors Inc
Fundamental
17.50
19.21
—
—to
series
Stock
1
Agriculture
47.25
Capital Corp
General Investors Trust—
Group Securities—
Agricultural shares
9.39
"6.67
6.35
/
//
Automobile
Chemical shares
80
10.91
11.99
Camden
Continental Casualty^..—....5
I
Metals
10.78
11.31
Low Price Shares
12.94
10.20
11.20
11.22
6.58
7.26
7.98
toto.to /
-
—
Merchandise shares.........—
Federal
——.
9.70
Fidelity & Deposit of Md_—.20
12.64
Fire Assn of Phila—
10.29
Fireman's Fd of San Fran
Railroad Bond, shares-———to
3.94
RR
6.66
Equipment shares
stock
Railroad
shares
4.34
7.33
;
7.51
[ Tobacco shares
8.26
6.35
6.99
5.56
Steel shares-—————.——
6.12
Firemen's
&
Petroleum
shares—
8.09
7.36
Stands id
——,—
Incorporated investors-———#
J*
/
1.90
31.94
.
1.95
34.34
&X
V'
•
*
'■'
Trusteed Industry
Union
Bund
•
•••
44%
68%
Preferred Accident
60%
Providence-Washington
65
168
66
3
54
16.21
8.72
Globe & Rutgers Fire com
2nd preferred ..^.——..15
1.09
Great
99c
•
Hartford
24.86
11.15
1.06
1.17
Union. Preferred Stock
Insurance Group shares...—
1.20
1.33
Wellington Fund
17.72
17.23
Keystone Custc^tan
8erles
I
17.60
Funded
B-l
—
28.60
29.97
31.02
Series
B-2—J—
28.32
Series
B-3
20.17
22.58
100%
33%-:.-/''-35%;-
10
121 'A
125%
Recent
..■•
Bonds—*
'
■
/.,
/
Arkansas
2.89
&
Pow
Lt
10
Haven
SpringHeld Fire ft Marine
28
10
8
C
100
—
Fidelity & Guaranty Co—2
U
S
—2.50
Westchester Fire
V*;v-
v.,.
t
10
£.
Guarantee
21%
U 8 El Lt ft Pwr Shares A—
108%/'
O.SOfe
100.21
1,
T974
104%
104%
105
California Water 3'As—1975
109
109%
Cent
1975
103%
<
Quincy-27/8S__-1970
101%
Pub
Vt
Chic Burl &
Serv
2%s
COS.—See Page 500
RR
Houston
K—1980
101
105%
■
—i,
•
111
————_1953
2s
Lt &
Pow
It
ser
2%s
1974
RJr 3%s_1980
'
Pub
Elec 3'As
111%
(Indiana)
Serv
2%s
3'As
Co
-
100.23
lOliV
1011*®
April 15,
1946
tDec
[
1946
15.
tMar 15 1947
JSept.
15.
1947—.
ISept.
15,
tSept.
15.
1947
1948—
b0.90
650
;
88
50%
62
'/
.
39%
92
42
RR
Ass
of
St
104%
———L———1985
2%s
1975
107%
Texas Elec Service
105
105%
Light 2%s_1975
Western Lt & Tel 3s——.1975
104 7A
105%
104
104%
106
107
111%
108%
112%
2%S
108%
...
106%
107%
103
Texas
Power
&
Preferred Stocks—*
;
Par.
106
108%
108%
105
104%
105%
Ruppert (Jacob) 4%%100
Sioux City G & E 3.90% pfd_100
109
109%
Union
1974
104%
Louis
107%
3s
105%
103%
107%
Elec
109%
102%
105%
3'As
107
109
104
1965
Gas
104%
106'A
104%
Narragansett
Art
.
>.
105%
[Central Pow ft: Lt 4%——100
Monongahela Power 4.40%—100
Oil
(Cal)
$3.75
«
105
'
106
$
109'/4
106 /
106%
0.80%
Panama Canal 3s
102.12
U S Conversion 3s.——1947
101%
Int. Rate
%
Maturity—
of
Bid
100.1
100.2
Certificates
133%
1961
—
United States Treasury Bills
,134%
;
100.20
100.16
t%& March 1, 1946
$%s April 1, 1946—
101.2
t%s May 1,
1%%
100.21
100.22
t%s June 1. 1946
1%%
101.15
101.16
t
:
Ask
.0622
.0507
.0547
.0617
.0659'
March
.0650
.0633
1946
March 21, 1946—-—.—
b0.375
b0.375
b0.375
b0.375
h0.375
April
April
April
April
0.32%'
0.33%
0,33%,
0.33 %
March, 28,
1946——
4, 1946
11, 1946——
18, 1946
25, 1946
Ask
b0.375
0.34%
b0.375
0.35%
b0.375
0.35%
b0.375
0.35%
b0.375
0.35%
.0686
.0612
.0730
to
/" .0632
.0767
dividend.
7, 1946
—
0.34%
b0.375
0.35%
b0.375
0.35%
.0718
.0584
.0712 ".
.0863
.0874
' '.1042
—.0872
.1056
.
.
March 14,
b0.375 0.28%
.0761
—
'//.t'/eS
Dec.*.-1, 1946_
t%S Jan. 1, 1947—Feb. 1, 1947—
-
! -0506
—
1946
July 1, 1946
t%s Aug 1, 1946-:
i—
:pt%s Sept, 1, 1946
t\s Oct. 1, 1946—
t.%s Nov. 1, 1946—,—1.
•£
*
Bid
Bid
Ask
-
January 31, 1946—
February 7, 1946——to—
February 14, 1946
1—
February 21, 1946
February 28, 1946—C-——/"
Dollar Price 100 Plus
Indebtedness—
100.19
1%%
r
quoted are fur discount at purchase
Bid
Treasury bills—
32ds of a point...
100.15
1%%
1%%'- 101
■
48%
Other Issues
105%
101%
_
;;.l
635
1975
Mountain States Power 3s__1975
"
BM
——
-105%
Figures after decimal point represent one or more
.
1946
44%
:
J975
Monongahela Power 3s
1975
Montana Power 27/8S——1975
Quotations For U. S. Treasury Notes
Matnrlty— [
37%
134%
41%
1975
Public Serv (Okla)
Reading
1975
3%s__1975
Sioux City Gas & El 2%s
Term
102
102
Rate*
tMar 15.
35%
130
Federal Home Loan Banks—
Federal Land Bank Bonds—
1956-19461950-1948
lj 1955-1953
l'as Jan."!," 1953-1951
59
BI4
Products 2 %s—1970
Portland Gen
'"-mm
Buffalo Niagara Elec 2%s__1975
3.32
Obligations Of Governmental Agencies
1,
26%
81
.
f
Minnesota Pow & Lt 3%s__ 1975
Feb.
24%
59
/ C S Fire
Nat'l Dairy
3VeS..1974
Birmingham Electric 3s
3.82
-
Laclede
1'/as Oct
/?-
44%
6%
7%
30% [/ 32%
Ask
■
7.80
to.
—2.50
Independence Trust Shares
•
North Amer Trust shares—
;
Series 1955—.....1'
Series 1956——1
Dto——
Kans Okla &5 Gulf
2%s
16
.:[■ %
Security Issues
Bid
Diversified Trustee Shares—
FOB NEW YORK CITY BANKS & TRUST
38 May
14%
42
28.61
22.40
Conn Lt & Pwr 3s
fi
102
12.19
26.17
20.54
Fund
Erie
i.
;i •'
;
64
98
78
Travelers
44
96%
Unit Type Trusts—.
Investors Fund O—
114
62
■
*
41
32%
19.41
36.47
109
23.71
C————'•
B—
19.84
33.55
,1.01%.
-
25.63
Union Common Stock Fund B—1
>
Securities Ltd—.
shares—.—..
Bank Group shares..———
Investment Co of America—10
9
97'./
56
-
A-—
10
Fire
Security New
.
13
30%
Fire
(NY)-.—F
—10
(Texas)—
(Paul)
1.19
1.07
—20
Standard Accident.*.——
57%
v
———.10
—
0
•»—.
;v
St Paul Fire & Marine—-12%
21
11%
..^,.^.*...3
American
Hanover
61
58
27 Vet
8
Seaboard Surety-/——— -..10
19
5
15
10
Republic
Revere
40
——.^——5
to— 12.50
—26
Reinsurance Corp
69
s
25
Globe ft Republic
—
—
—.5
172
17%
26%
Fire
——
'
10.63
Institutional
Stock and Bond Group shares.-
Fire——
16%
/■
25%
Indemnity Co—..—10
113%
7.96
9.72
Scries
Series
'21.74
Pacific
Phoenix
16%
14.87
21.69
.
Aviation Group
36 %
54
15
64
109%
5.62
.5- to., >
senes
61%,
10
114.23
Shares.—25o
Fund
Northern
-
^..3
5.11
10c
Utilities
78
57%
..—10
Newark..-
111.97
State Street investment Corp—
Income .Foundation Fund Inc /
Common
;
.10o
Franklin
18.57
17.27-
-2.50
Northeastern
Glens Falls Fire
Fund—'—I
Republic invest Fund——I
Scuddcr, Stevens & Clark
Fund, - Inc—..——.—.—..*
[ Selected Amer Shares.*—--—2% •
Sovereign Investors———-—I '
'
Utility
of
31%
50%
.
River
77/a
38'A
10
Fire
23V2
General Reinsurance Corp new 10
Gibraltar Fire At. Marine.
lu
18
Trading
Putnam /Geo)
York
34 %
,.10
65%
203
,29%
s—10
Hampshire Fire
75
<
30%
.;
36%
2
Casualty-
New
North
V 6%
193
20
21%
.—10
9.36
———
_
25
42
11.50
Railroadequlpment———
,;/ Steel
7.24
Petroleum shares...—
10.61
13.14
18.18
12.32
Mining shares—to—
-i.
———
...
"Railroad
9.65
8.82
OilS
Fire
23%.
10
Employees Group
Employers Reinsurance
16.56
Merchandising to
10.67
10.96
S 9.22
Union
New Brunswick
'
14.43
11.96
10.13
9.98
shares—
Crum & Forster Inc.
13.70
13.14
9.71
Administered
12.47
62%
Pa cifio
13.22
—-•
28%
8%
;/V:5%
(Detroit)
New
10 /
;.
:;v7%.
—10
65%
.
7%
Amsterdam
New
38%
77%
12.03
11.78
"i
85%
Connecticut General Life—
Industrial Machinery shares-
Institutional bond sh ates/—,
.
25
—
4
,
National Liberty
Bankers ft Shippers
18.76
stock
National Fire
47'
Boston new common.^_.>—^.10
.—.10
20%
i8%
63%
;
-*-10
National
79%
,
17.74-
17.09
Insurance
Casualty
22%
76 %\
,
44%
95
•
--4
44
20%
13.32
Diversified Speculative..—
Electrical equipment
——
Machinerv
Fire
38 %
11.42
»_5
17%
104
21
,
16.16
11.54
7.35
5
Monarch
,
;
12%
Mfrs Fire N Y—.
8Vs
City of New York
15.20
Casualty
Bonding.*
Merch ft
7%
15.15
8.28
—_1
Merchant Fire Assur
2%,
'.
41%
14%
Ifl
14.34
7.53
Maryland
10.39
Fire——
101%
Massacnusetts
National
Baltimore American—..
.15%
10
Y— —20
13
.—.25
1-,--:/.-:/-
Diversified Investment Fund-
General bond shares
Fully
10
Surety......
12.24
6.68
Electrical Equipment—
Food
::
Reserve
AutnmnbHa
9.40
13.85
——
—10
39'/a
12.12
Building sunplyto*
Business Equipment
*.—
Chemical to—-to—A—/
-
Fire
25% *
19%
10.51
—
Insur Co of North America-
14%,
^
35%
11.14
—
Building shares.....
Homestead
%,
27%
,
13
10
8.55
shares
shares
Avlattpn
... ——
Aviation /-to————toto—/
"Bank
stock—-—.——to,;
/
Home
92
25 %
37
3%
Re-Insurance
American
Automobile■—
/
10.32
-
American
New York Stocks Ino—
23 y8
Automobile^.—-4,
Casualty———,.—5'
American
New England Fund
1
General
:.
.
10.25
38.53
Trust shares A—2
Financial
wirst
•
31%
52'/a
89
—7.15
8.89
6.49
8.08
50%
297/a
Jersey Insurance of N
10.03
priced bond series
47%
59l/2
■
50%
••a
•"«
Inspeot._'10
0
Hartford Steamboiler
11.15
Selected series to——toto.
18.39
Fidelity Fund Inc--.——--—,*
64%
Companies
98%
57
;
■
25
Low priced stock common——
Preferred stock series—.——.
Low
Fund-
28/
62%
s«k
95%,
6.62
series
stock
Bia
Pa*
■
7.50
to—
seHes—.
Income
29.06
17.20
26
—
,89%
;
National Investors Corp
25.24
27.18
Fund—
76
com.
—
101%
——
Income 75-year 4%s—
40
74
Grande
Rio
St Louis & San Franci3co corn-
102%
,
16,96
Fund
Invest
Balanced shares .——to.——
Howard-
&
Stock
&
Preferred
18.75
15.80
Fur.d
2d
Investors
Mutual
Industrial
Balanced
Denver
/
87
100%
86%
38
17.53
10
Mass
National
Eaton
101%
Preferred
—1993
55%
84%
32.48
—
Nation-Wide Securities—
3,020
150
6.71
7.29
1.78
99%
53%
—100
preferred
10.37
145
23.35
Delaware Fund———
[Dividend Shares————.,25c
5%
•„
..10c
14.87
com—100 2,970
Securities
Preferred
1061/2
1st 3-4s Income—
8.46
Mass Investors Trust.—.—!
38.24
13.75
104%
•
"
Common
'
4.95
35.57
•
Chicago Rock Island & Pacific—
1st 48——^1994
Conv income-4'/2S-,
2019
'
—
Chicago Rock Island & Pacific-
56.80
Manhattan Bond Fund Inc—
Common
Canadian Inv
.
84 %
125.20
*".'1
Ltd
Fund
Bullock
105
.
82%
Income
9.46
122.70
55.66
Mutual Fund—•
Second Fund—10
103
„.2Q03
St Louis & San Francisco—
1st 50-year. 48—
17.79
46.74
1
America
Inc
,16.18
Fund
Knickerbocker
Inv
Boston
20.19
35.08
.—^8.52
-5
Houghton Fund B——,
Bond
18.35
—
Stocks
IOR3
—
2nd 4V2s
Denver & Rlo Grande-
33.54
)
S-2.—
24.65
30.49
31.97
-—
-
Series
13.02
11.87
22.51
B-4—.
Series S-l—
.
.
"
<Cont.)—
Keystone Custodian Funds
Series
/Ask.
Bl*
Par
Mutual Funds—.//
;
Indianapolis & Louisville—
1st. 4s
v:
.0745
■
.0944
.
a
Odd lot sales,
Stock
name
Exchange,
-
b Yield price,
d Deferred delivery,
e Ex-Interest, f Flat price*
Canadian market,
s Cash sale—not included in range for year,
Issue*. x Ex-dividend,
y Ex-rights. / z Formerly Athey Truss
r
(Un) Unlisted
changed effective Sept. 17,
♦No par value,
1945.
•
-
fin default. / tThese bonds are subject to
furnished by sponsor or issuer,
-:./,t;/
;k Removed
t Ex-stock
Wheel Co.;
;
all Federal taxes.- AQuotatlons not
[v:
Monday, January 28, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
Week
'
THE COURSE OF
the week ended Saturday, Jan. 26,
^clearings for all cities of the United States from which it is possible to obtain weekly
clearings will be above those for the corresponding week last year. At this center there
is a gain for the week ended Friday of 10.8%.
Due to the strike of telegraph workers
we are unable to complete our tabulation and give below the few returns that have
reached us.
j
«'
-"ii J'
•
''
*
,
•
•
v
1946
1945
%
$5,336,789,579
+10.8
mr t
Chicago—
t
,,;
Pittsburgh
•
_
;
days-i.
fivb
Other cities, five days—
137,260,130
2,174,724,980
■:
t
days
Rsserve
following
we
3d
Philadelphia
4th
Cleveland
<<
of
.-
—
—
10
3,479,764
259.728.412
214,448,133
654,2^8,028
1.9
604,62^403^
'
6th Atlanta
7th
—
-17
Chlcagd
9 th
10th Kansas City
———
:
——
—
Total
390,485,393
419,313,814
5,761,565,115
17.0
653,961,442
604,623,463
532,925,178
*
>
1.9-'.
.
266,832,881
386,879,442'
316,927,414
+16.7.
618,760,970'
368,969,020
305,681,522
246,540,733
163,076,492
154,946,233
+
5.2
134,520,920
113,643,079.
579,504,293
533,985,688
+
13,447,246,443'
11,576,882,771
5,347,240,835
4,913,806,936
11.0
519,639,194
10,191,480,200
8.8
4,612,585,148
1945
27,769,000
5.4
3,864,847
3,021.295
31,739,419
3,393,121)
'+
•
10,439,460
>
+ 16.7
38,107,530
;
+ 30.0
+ 25,6
8,617,116
8,691,169
36,748,572
2,363,665
2,507,221
15,859,441
1,652,417
11,314,875
14,087,642
+ 34.1
+ 11.0
5,760,156
366,282
589,704
+ 39.4
549.565,779
+14.9
'# 490,517,800
1,828,533
+ 21.5
2,109,617
7,447,055
+
1.1
6,380,412
'4,601,379
2,178,757
+ 43.0
2,074,237
1,807,596
1,997,772
+ 15,0
1,955,348
1,648,784
688,858,532
+ 16,7
618,760,970
516,238,189
+15.8
7,476.407
7,529,392
3,115,848
2,297,425
——
•
'
803,550,573
(17 cities).
'
>
401,339,776
4
1,385,771
Louis176,500,000
154,800.000
+
5.5
78,921,664
57,727,884
51,548,834
.72,306,649
41,411.015
1,198,174
807,955
+14.0
+38.0
1,094,000
688,000
Total (4 cities)-J——«
370,536,300
326,201,668
+13.6
308,064,498
269,205,664
185.400,000
214,700,000
DteMct—Mtaneapolis—
Ninth Federal Reserve
5,337,098
4,074,773
+ 31.0
3,744,085
239,626,428
59,697,285
155,499,568
+ 54.1
147,187,868
104,794,445
49,524,610
+ 20.5
48,122,924
34,825.314
4,395,340
2,843,940
4,137,176
+
6.2
3,513,993
1,990,144
+
42.9
Montana—Billings
2,047,016
1,723,518
+ 18.8
1,609,326
1,340,352
5,722,432
6,089,760
6.0
6,118,391
4,102,001
319,669,539
223,039,549
+ 43.3
211,636,939
152,109,588
252,064
t472,909
222,073
+13.5
279,521
.164,763
•5,000,000
89,290,319
4,396,196
+ 13.7
4,461*705
3,185*592
74,772,350
4,509,280
North Dakota—FargOu.
Helena..;,
19
Jan;
8
$
?
'
1,083,454
4.9
776,045
3,796,766
•3,619,162
+
4.9
4,059,832
455,536,693
387,068,625
+ 17.7
360,411,809
344,112,215
30.5
1,027,215
875,357
548,484
—
3,827,198
<
i
2,921.694
927,442
-
711,492
—
+—ii—>
—-
—
.
..
>
^
■
+ 19.4
78,859,179
58,288,718
2,960,454
+
52.3
9,605,896
8,948,108
+
7.4
248,440,336
8,561,343
Omaha—-——---—.
Kansas—Topeka--————
212,723,306
2,466,545
7,789,475
200,604,532
170,849.152
1.964,815
433,454
1,136,801
>
,
1,458,203
1,117,520
530,347
+
•
+ 32.3
1,320,531
2,669,049
+ 38.2
16,460,650
6,023,822
+33.8.;;;
21,405,336
15,493,701
8,535,376
7,047,037
27,534,000
•■"
20,618,800
•
-;
899,805
628,603
447,236,777
534,052,364
—
yc,
,
39.6
33.5
20,351,700
+ 43.1
641,218
+
+19.4 '
+ 16.8
•
4,906,024
7,913,908
+
8.2
9,002,940
5,702,725
1,865,194
1,233,242
+
51.2
1,347,164
815,561
1,444,588,
1,049,045
+
37.7
870,461
663,383
246,540,733
368,969,020
Total (9 cities)-———
AAAAA
"
•
Eleventh Federal Reserve District—Dallas-
132,15.4,000
14,753,622
Galveston..—3,136,000
• •
2,911,838
1,820,016
+
2.8
109,321,000
92,437,615
13,997,845
3,105,500
+
5.4
11,115.827
+
1.0
13,005,643
3,tOO,000
2,537,464
'
Dallas
Port ■ Worth——————— •
+ 69.0
128,600,000
4,288,537
Texas—Austin.——
560,275 ;
390,485,393
City—-—
,
12,253,400
.419,313,814
:
'.
Pueblo———————
7,229,073
3,522,540
Hampshire—Manchester
,
13,348,488
+ 21.1
Worcester--—---—-————,
4,712,329
—
'
;
St, Joseph.
—
—.—
Colorado—Colorado Springs———
,
2,571,154
+
Haven_-_^-————;
Missouri—Kansas
1,134,026
4,059,582
4,822,347
Connecticut—Hartford
Wichita———
3,310,610.
5,023,459
4.9
1,684,641
—.
Providence
fi
597,759
+
—.
-
Hastings.^>
Lincoln.—.
*.
v
District—Kansas City—
Federal Reserve
Nebraska—Fremont—.
1943
1944
Inc. or
Dec. %
13;
701,650
cities)
3,087,099
27,995,000
figures for each city for the
1,602,436
(12
2,936,109
+ 24.1
84,205,829
3,917,079,224
+
6,732,969
Total
3,261,381
821,936
Minnesota—Duluth—.
Minneapolis.
•
7,948,943,227
District—Boston
'
-
3,118.899
32,616,000
2,221,093 ?
Tenth
1946
AT
-——
Island-
4,337,202
3,507,983
65,802,062
'
391,152,207
+ 16.2
Springfield-——.
Rhode
467,123
609,699
6,228,062
6.6
+ 28.7
88,836,064
for four years:
Lowell—
New
20.7
South Dakota—Aberdeen—
II
Massachusetts—Boston—..—
New
49.0
+
+
631,363,239
Eighth Federal ^Reserve District—St.
152,109,586
17.4
•
*•
316,927,414
269,205,664:
+
detailed statement showing the
—
-I 386,879,442
516,238,1891
308,064,498
314,219,682
fl
.
Bedford—
0.6
lillnois^-Qulncy——j-i—
0.6
228,039,549
Maine—Bangor—————
New
+
Tennessee—Memphis—
246,159,993
319,669,539
Clearings at—
,
•70,000,000
4,988,846
Kentucky—Louisville
211,636,939
■
River
4,605,253
239,214
83,905,318
7,936,839
610,413
Missouri—St. Louis-
43.3
■i^^^y*';*'*'^'-®
Fall
235,710
4.8
+
21,267,721
8,301,335
Chicago
:4,181,361,8561
+
Portland-——————-—
2.1
550,682
3,575,763
Springfield-
592,194,258
Week Ended
Federal Reserve
+
$
13.6
*
First
2,132,075
—
—18.3
4,348,411
12,178.246
49,524,889
2,968,674
Total (7 cities).——
•week ended Jan. 19
39,101,456
6,834.835
4,195,895#
Rockford——
+
-110 cities
City-—..,..,....'
We now add our
58,239,007
-
40,483,000
Illinois—Bloomington
688,858,532
—
-
,
Outside New York
2.8
820,443
Bend—
Total
+
4,634,398
Sioux City
1943
34,428,787
2,065,192
4.2
—
,
8,251,276
Des Moines
■
113,100.000
Dlstrlct-^Chlckgo—
Iowa—Cedar Rapid#
•:
40,115,314
136,100,000
41,126,623
418,785,382
Terrc Haute
,
10,128,809
1.3
2,024,263
1,804,587
91,362 693
Wisconsin—Milwau kee
<:
12,706,378
2.7
+
46,760,029
311 522
318,079
Indianapolis
South
0.8
—
57,159 563
5,182 147
4,236,297
Lansing
326,201,668
ft
-
246,159,993
+10.9
80,953,665
Indiana—Fort Wayne
370,538,300
II
11th Dallas
266,832,881
2,422.597
+ lO.T
1,739 654
421,412,624
Seventh Federal Reserve
803,550,573
12th San Francisco——. -10
11.4
—
2,763 265
58,750,714
Michigan—Ann Arbor
Grand Rapids
AiAvi
-Im 9
35,669,245
51,510 ,684
1,924,968
57,099,473
•
+
WM. i
Minneapolis
39,362,703
+
,
149,600 000
151,600,000
2,647,031
Total (10 cities)
+ 11.4
»
53.8
16,374 020
Louisiana—New Orleans——
+
1
127,973,086
+
42,781 834
Mississippi—Vicksburgi..,-——
418,785,382
Louis—
8th St.
294,45lj,062
16,248,868
Alabama—Birmingham—
Mobile
4
18.7
654,236,026
144,924,947
4.7
—
ir-'
41,643,529
Francisco
1944
73,300,387
2,051,519
73,683.305
6.0
8.6
—
39,522,328
^.Nashville
——
Georgia—Atlanta—
——
Augusta—..-—4—4--———
Florida—Jacksonville
294,453,062
1«
■
'
1,063,760
5,348.000
;•
Macom.'—^
421,412,624
lfr
ii
1,238,325
5,965,000
80,923,293
327,941,052
-
42.3
2,818,985
163,898,637
178,058,957
60,785,794
.«,«
ii..;.'
S
14j<
+
Sixth Federal Reserve Distrleh—Atlanta-
327,941,052
6th. Richmond
^532,925,178
+ 24.6
Tennessee—Knoxville...—.—^—
V'*
«
'
—
1,452,819
77,107,579
2,650,810
;
mi
+
678,204,255
641,936,750
7
-
—
5,837,000
2,067,912
7,270,000
Maryland—Baltimore
;
A.
District of Columbia—Washington^ •
+ 19.4
447,236,777
6,842,714,915
793,429,637
2,061,566
246,387,519
Richmond—_—
j'- .-
Inc. or
8,123,167,807:
;<«.
13,771,300
5.1
South Carolina—Charleston
Fed<^ Reserve Districts*
CLEARINGS
:
»
s;:
16,048,200
3,778,589
Peoria
534,052,364
12 cities
104,227,014
191,825,983
2,040,700"
West Virginia—Huntington—
2,000,801,572
Dee. %
-*•12.:
York—
New
+
125,549,604
206,368,564
2.1
19,236,000
--
3,111,418
4.7
19,636,600
y
;v'
3.5
+
—
Decatur
Districts
1st Boston
2d
1946
+
t
District of 5.2% and in the San
a summary
■f
Reserve
4,450,287
:
4,605,433
;
130.412.411
_
:;;0
Week Ended Jan. 19—
15.5
l<y, *-v
-Ayfci
233,642,357
.'
/
SUMMARY OF BANS
Federal
592,194,258
'L 136,529,870
4 225,526,948
>
.
', Total (6 cities)
furnish
653,961,442
Fifth Federal Reserve District—Richmond—
5.1
—
$11,912,679,782
L
In the
3,479,300
+17.0
+ 21.3
Federal Reserve Districts
V
978,204,255
V
1,183,310
2,063,591
1,764,854
3,689,300
.
+ 34.9
that in the New York
•
+ 41.1
2,281,166
$9,911,878,210
:
week—
the Dallas Reserve
District by 11.0%.
+ 20.4
4,332,249
not available.
gain of 17.4%, in
1,535,178
1,825,356
3,3*78,600
1,261,080
5,254,021
.
a
2,193,726
1,416,917
Totar(7 cities)—641,936,750
in which they are located and from this
District (including this city) the totals show a gain
of 18.7%, in the Boston Reserve District of 19.4% and in the Philadelphia Reserve
District of 17.0%. In the .Cleveland Reserve District the totals record a decrease
of 1.9%, but in the Richmond Reserve District the totals register an increase of 11.4%
and in the Atlanta Reserve District of 0.6%.
In the Chicago Reserve District the
t totals are larger by 16.7%, in the St. Louis Reserve District by 13.6% and in the
Minneapolis Reserve District by 43.3%# s In the Kansas City .Reserve District there
is
1,665,349
2,529,276
'
9.2
—
next week.
according to the
;
+ 58.9
P^insylvania—Pittsburgh-44^.^+;U :246,590,825
+10.2
details for the week covered by the foregoing, will appear
We cannot furnisli them today, in as much as the week
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which we present further below,
> we are able to give the final and complete results of the week previous—the week
ended Jan. 19, .For that week there was an increase of 16.2%, the aggregate of clear-.
"~~ings for the Whole country having amounted to $13,447,246,443 against $11,576,882,771
in the same week in 1944. / Outside of this city there was a gain of 8.8 %,, the bank
clearings at this center having recorded an increase of 18.6%. We group the cities
it appears
+ 28.6
+ 27.4
3,077,606
Complete and exact
in our issue of
%
Virginia—Noriolk.—.
All eities, dne
Tdtal all cities for
^
:
••
,v,'•>•*«v.-.sVj'v'l
Columbus
$7,737,153,230
+ '
-i*:-*;:
j.
tDue to strike figures
1,778,678
3,252,853
.
2,064,428,195
'
Total all cities, five
•
Youngstown
178,057,296
t
135,550,628
Ten- cities,
579,000,000
207,654,877
Cleveland—
'
*>'k
Mansfield
256,363,000
^
——■—
'
:
1,422,892
639,000,000
Distrlet^^levelaiidr--
Cleveland——.
166,900,000
282,464,000
i■
V'>'i
Cincinnati—.
7.0
+
—
San Francisco
^
*
1,505,430
+ 16.6
'
Ohio—Canton.—5,320,880
196,697,817
t
'
.
.'
304,596,518
;
Kansas City
i 7
f
+ 55.9
4,765,800
Fourth Federal Reserve:
—
St. Louis
1"1' i.!■
'
534,607
>1,093,748
1,574,344
793,429,637
(10 cities)
:;V".<v417,120
V v 638.632
730,325
V1
7.2
425,834,013
>.
325,823,078
a——
Jersei^Trenton—
•>.'#-'!•
527,000;000 ;
Philadelphia—
•
York—
: 566,243
.
+16.0
—
663,000,000
:
2,439,337
2,198,402
'
Wilkes-Barre
+ 43.2
.
801,207
,
.
Telegraph
/'*'vV -iV- !
437,534
_«'/7
2,454,388
Philadelphia—-----i#-——-.—..,
i; 773,000,000
Reading————
;
2,287,851
Scranton#.#:!—Uw—1-.'"
' > 4,144,856
'
1944
,
Dec. %
620,505
507,384
'743,221
#v
19
Jan.
Inc. or
;
888,398
•Lancaster-——
Total
Week Ending Jan. 26—
$
Chester—
New
$5,914,863,448
'*
v
•
.
;'k
': •'
■■'
Bethlehem—i—,
i
»
Clearings—Returns by
!-
*
PennsyIvania-~Altcwna—•
figures indicate that for
Incomplete preliminary
■**
Ended
1945
Third Federal Reserve District—-Philadelphia—
compared with a year ago.
will show an increase
clearings this week
Bank
•;.1
BANK CLEARINGS
■
1946
'.• 1
V#.
,
-•
1,313,054
+ 52.5
6,742,216
5,392,370
+ 25.0
163,076,492
154,946,233
2,002,117
Wichita Falls.—-——
Loulsiana-;-Shreveport———-
•
2,775,000
1,140,317
1,495,190
4,787,249
4,354,304
•
A
Total
(6 cities)————
+
5.2
1314,52.0,920
113,6431,079
'
-
l
/
Second Federal Reserve
New
District—New York—
Twelfth Federal Reserve
1,936,291
2,456,417 },
-.
75,163,000
1,681,580
73,200,000
+ 10.3
—
1.2
,
,
—-18.4
,
v
7,254,594
+ 41.3
10,025,609
7,969,040
+ 25.8
7,692,567
841,373
530,791
+ 58.5
531,533
12,318,330
,
„
35,353.915
26,720,849
+ 32.3
45.409,427
40,951,882
+ 10.9
45,388,689
6,842,714,915
8,123,167,807
.
7i
-
;•
'
A'-'-
*•;
V-'*
"7:;
.
c.
v
•
*
-
38,919,115
10,147,693
-
7,292,149
—
.....
-"'J® 336,712,000
8,303,392
3,291,201
Francisco
San Jose
10,261,113
Santa Barbara...
■
fitnnktnn
Total
*6,500,000 "
.
2,967,347
79,664,017
35,747,661
11,010,953
6,140,948
289,242,000
6.8
89,964,869
+ 30.4
1,780,741
*•
cities)
Outside New York
.
•Estimated."
—
...
.
*;>-•1'
2.6*'
76,297,475
8.9
31,092,549
28,962,232
7.8
10,143,305
+ 18.7
4,611,814
3,030,219
16.4
294,006,972
4,976,093
/
•67,039,270
1,191,454
60,136,102
214,527,323
<v
3,865v397
—
+
—
+
7,304,339
6,522,209
+ 27.3
3,090,114
+
6.5
1,955,580
1.076,757
5,856,142
+
11. ?
4,811,796
4,019,114
579,504,293
533,985,688
+11.0
519,639,194
391,152.207
13,447,246,443
11,576,882,771
+ 16.2
10,191,480,200
7,948,943.227
5,347,240,835
4,913,806,936
8.8
4,612,585,148
3,917,079,224
+
(10 cities)...
Grand Total (110
33,766,136".
4,181,361,856
5,761,565,115
+ 18.7
:/>;r 77,623,267
'.'AA'''.
93,744,297
7,128,237
29,098,475
Northern New Jersey—
/
5,848,300
7,835,752
Pasadena
;
San
394,843 •
,
Newark;
cities)
:-4
25,160,945;
.
•,
City
California—Long Beach
4,031,864,003 !
5*578,895,051 •
+ 18.6
+ 10.8
Jersey—Montclair
(12
Utah—Salt Lake
•
14,740,842
16,336,096
*
3,868>506
Oregon—Portland
•
999,732
1,201,472
1,346,719
87,346,970
Yakima
10,247,173
-
Connecticut—Stamford.
Total
56,700,000
.
Vf ;j
1,162,112
District—San-.Franc is co-
Washington—Seattle
1,386,257;
1,643,318
+ 26.9
6,663,075,835
7,900,005,608
York
Syracuse
New
1,275,687
1,372,793
Jamestown
.68,167,000
1,260,305
Elmira
Rochester
6,650,818
•
'
'••;_ Binghamton
New
2,452,569
8,410,524 + 193.7;
24,696,091
York—Albany
*
tNot included in. total.
"
+
/
Number 4459
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
.
Per
DIVIDENDS
v;.
1
Z-:; 'Zv,
i''gx
472)
Revere
•
2-
$3.50
Name of Company
Holder•
Payable
x/2-'5"
2-
1
33c
2-15
35c
(quar.)
2-15
(Hartford)—
Resumed
:
■■'.V-y-tf
T-'-;;j i-
CbipyCommon (qlia'r.)
preferred (duar.)».w-.».-_-_.^^t-.
Northern
Liberties
Gas_
Northern Pacific Ry.
Northern
of
RE.
Northwest
25c
;
1
1-15*
2-
1
1-15
60c
____
Hampshire
Engineering
1-15
25c
3-
1
4-
1
common/quar.
Co.,
1-30
X1-15
1-29
Qgilvle Flour Mills; common • (quar.)-,——
/l% preferred (quar,)—*—l_—..w
1
Root Petroleum,
2-26
>
1-25
1-21
2-
1
1-15
S.
preferred (quar.) j._r'
$1.12%
1-31
1-15
'■
2-
50c
$25c
"2-15
2-15
$70c
2-1
$1.25
1-28
2-
pfdwrlquar.il
$1.25
3iy4c
■
1-15>
1-15^
1
37%C
(Schwitzer-Cummlns
IScott
$1.75
2-1
PAclfip'Lighting Corp., common (quar.)
(quar. )__
Peabody Coal Co.,
>
(year-end)-"-—1—-
$2
Corp.
peninsular
v
Common
'
Penman's Ltd.;
;6%
50c
4-
35c
<quar.I-—**/---(quar.)—
-—
common
preferred
Mining Corp.
(new)
Corp.
$75c
-
$ 2-15
t$1.50
2-
Smith
'
2-28
33%%
2-1
2-
L
Co., Ltd^
Peoples Nat'l Bank-
(Brooklyn)X——Xx ; X
$1.25 1
' .X
XRefe Marquette Ry. C6'.^-,f
'/
-
•..'>*
-1
-
preferred
(quar.)
Paper Mills,
(Howard)
'■
2-
>
Phillip Morris & Co., Ltd.—
;'
-ji-AHSf'K preferred -vwtar*
pfd. accum^^wUi.
$1.75
Phillips Petroleum Co. (quar.)
;
It
$1
2-
1
3-
•
50c :
,
Inc.,!
pillsbury Mills.
VI. $4
i
1
30c
cdmmon (quar-)
preferred ,*tquar.
Electrotypers,
; '/X/ ifel
Ltdlls-d)
3-1
".
'w, -3-1
1-5
20c
8%c
7r/o
preferred
Potomac Electric
";
6%
preferred
'
1
1-19
$1.50
2-
1
1-11
$1.75
Power, 5VsVc
(quar.)
2-
1
3-
1
$1.50
3-
1
—..•
Pubiie Senflfce Cov of Colorado^
w
k1-
Common
'2-T'
preferred
(monthly)
58 %C
2-
-•p^i e%
preferred
preferred
(monthly)
50c
2-
1
(monthly)
41%p
V
.•Public Service Corp. of N. J„ $5 pfd. (quar. )
,>6% preferred (monthly)
6% preferredw (monthlypreferred. .(quaii^Wu-WWi^^^WuW-W-i •
18% preferred. (quarO-i^^W^ww^w-w---^'"
$1.25
?
'■
5
.'
"■
!
500
:
Pure
f
:S%
Oil CO.,
Co.
&
Tampax,
$62 %c
2-1
23c
-
1-24
1-
3-
1
2-
1 /
3-
8
Thermoid
10c
;2-'l.
1-19
2-1
1-19
Toledo
6%
Randall Co.,
vi 'Class
v
class A
50c
'
25c
;
25c
common (quar.);
Extra
25c
?V'"$3- preferred (quar.)——
1-29
:
2-
...
:•
'•'•
:
1-21
25c
>2-
1
v
»"Reed (0. A.)
r
1-17
50 c
"Reliance Electric & Engineering Co.—
,
$5
conv.
X
2-
1X
2-
$2 preferred- A—^i—
Republic prill & Tool Co.— 1 ^ '
....
Common (stock dividend)—
I
30c
-
-
1
1-21
v.?
$3.-70
;
6%
"Republic Investors Fund, Inc., common-.Wit
'6%: preferred A (quar.).—w_.
_wa_"W.
6% preferred Class A (quar,)———_
6 % preferred B * (quar.)
—W-__—
7%C
(quar,)
2-
1
1-15
5%
1-31
1-18 t
2-1
,1-15 '
15c
yr
15c
1-15
5- .1
; 15c
15C
■'K
.
,
«
4-15
2-
1
1-15
5-
1
Oil
of
prior
preferred
■
United
1
1-
2-
1
1-25
1-31
MO
2-
Corp.,
$3
1
•
• -
2-15
$1.25
6-1
5-15
6-1
5-15
$3
1-29
1-22
1-29
1-22
2- 1
1-12
1
"
250
2-15
:
'2- 1
•
(quar.)_.t._—..
(quar.-)...
:
$1.50
2"-15
$1.75
-
2-15
'
75c"
2-
1-17
1-17
1
1-18
2-
1
1-30
1-30
5%
4-
3-
3-
1
1
2-28
'•$1.75
preferred A (quar.^*
preferred
$5
1
' J
V
1
2-
93%c
,
3-20
1
1-10
1-25
Co.—
$1
2-1
$1.37%
,
2-1
50c
2-1
50C
(quar.)
2-
1-25
i
1-19
1
1-19
2-1
$1.25
—...
preferred
,
(resumed
common
20c
1-19
X 2-
1
(s-a)_.
$2.50
2-15
(quar.)__
$1.50
1-31
(s-a)
30c
2-1
5% pfd. (quar.)
"$1.25
8
2-20 •X-.g
(final).—
Inc., 5%
3-
$1:82
1st preferred
Wisconsin Electric Power, 6%
1-25
2-
1
1-19
2-1
1-19
50c
58
>58 %c
'2-
3c
X
1
pfd.
2-1
/
2-
I?
2-
<
1-13
1-21
Ltd.—
7% 1st .preferred (accum.I-.
Wood (Alexander & James)
WoolWorth
1
1-15
2-1
2-20
1
X1-31
1-12
2-6
1-15
4%%
-:
1-12
1-31
2-
1
4-
1
prior preferred
4% %
conv.
;
Wurlitzer
York
%C X'2-15
1.-31
2-15 v.'
1-31
2-15
1-10
(Rudolph)
Worsted
County
9
■5%
3-1
'
1
$2
2-14
2-2
$38c
2-15
Xjl-15
•at
1-15
-
3-20
3- 1
3-15
3-1
3-15
3-1
2- 1
'25c
1-19
3-1
2-20
25c
4- 1
3-20
Co..
2-15
3-
1-31
1-15
50c
Gas Co
20c
20c
...—"
(quar.)
2-1
1-15
•2-15
1-25
$20c
•2-1
1-15
;
■'.
$2Gc '
ii_.-__-i.___
$37%c
preferred (quar;)^.——-$3iy4ff -
2-1
Less 30%
'Transfer
(quar;).
Jamaica income tax.
-
;
X; \
1-15
2- 1
■
preferred
1
2c
teller's, Ltd., common (quar.)*.._*_—.
."...Extra
6%
2-
2-
—250
——
rVoiing-Davidson Mines, Ltd, (interim;*—^
'
31c
1-15
3-1
37%C:
$1.12%
$ 1.12%
1-31
"2- 9
..._
(monthly)
...—»—
Wyandotte
-ifel
i;'.y3-15
.
40c
(quar.)—
Monthly
.Monthly
3-20
$1.25
$$1.75
(quar.).
prior preferred , (quar.)
Wrigley (Wm.) Jr., Co.
..
1-19
62%C
25c
& Co.
.
Worthlngton Pump & Machinery—
Common:v-(quar.)XX.^.***i.-*/..xX:^***i',/
12-31
1-28
2-15
15c
92
W.)
(F.
/
1-19
3-
$1.50
$1.12%
$1.25 X
—
4- 1
1-31
2-
20c
"
/
"
quar.)
Wisconsin Pub. Service Corp.,
2-18
1
>
-*
'
$1.25
Wisconsin National Life Insurance Co.
PI$1
(accum.)
preferred
Wilson Line,
1
25c ;
(quar.).
,
.
1-10
2«
41% c
.
I- 1
2-15-46 2- 1:
'
$6
1-10
2-
.
Wilson & Company,
2-15
1.
—
...
(initial
$1.25 :
.
Wilbur-Surchard Chocolate—
2-8*
1
_*
.
1-1$.
1-15
prior preference (quar:)
$4 conv. preference (accum.)
V.1-18
.3 .-15
/•':
25c ;
—
2-1
75c 2-15-46
$2
12-20
1
.2-
(year-end)—
(quar.)..
1-15
White Sewing Machine Corp.—
12-17
gxg- 1
2-
1
;:r.;;2-' 1
2-1
50c x
'M
Z.
1-15
1
37%C
(quar.)
common
Wheeling & Lake Ene Ry.
prior lien (quar.).
5%% preferred (quar.)
1-22
$1.25
y
1
2-
5;^?prefer«4:4|>.4/-4-444i44lx^i^"«V^
1-22
37%c
-•
2-1
2-
Telephone Co.—
Western Pacific RR„
1-10
...
2-15
30c
(quar.).-;
Westvaco Chlorine .Products—
$1.12%
X
(quar,)—-
* $132%
10c
1-14
90c
1
1-25
3-1
<$1
Westeyn Tablet & Stationery Corp.—
5% preferred (quar.)
1
quar.)
preferred
1-25
2-11
1-21
"
Corporations, Ltd.—
4-15 4 •,:f: ? Class 'A-. (quar.-)....
2-11
(yekr-ehd)*'
7
2-
:
-United
■
1-18
1-15
$2.50
Western Light &
62 %c
preferred .(quar.)—...
$1.25
1-18
2-1
Co: *(lannual^..44-4*.*w
Westchester Fire Insurance Co,
,
Circuit, Inc.—
United Cigar-Whelan—
i
XX1-21
$125
.'
(quur.
preferred (semi-annual)___*.
7
.62 %C
*
—
California
1
33 %o
pfd. (quar.)_.
1-
X
1
2-
of Missouri—
United Artists Theatre
1-15
2-
-756;
62%c
2- V
3-
$1.50
preferred (initial
preferred (quar.)
(quar.)
2-8
2-'8
:1
,
Western Department Btdres—
>
'
6% ^ony^ preferred-(quar.)**.***^,****
1-30
pfd. (quar.).
(s-a)/—.
preferred
Union
1-15
X
2-1
;
$5
3-15
3-15
'
2-11 !
1
L—.
(year-end).—
Co.
$1
25c
West Virginia Tulp & Paper Co.—
4 % % preferreq; (quar.)
•
i
2-. 1X t:;
t 2-
5c
;
preferred Class B
■
•
13%c
,
6%
'
-
6%
Class- A (stock dividend)
——-_v_
preferred (quar.)—
<55c convertible preferred
(quar,)—
„
$4^0
1-21
V t■
! 6%
f
2-1
1-31
1
$5c
(quar.)
208 South La Salle Street Corp,
'
.Reliance VMaftufaCturing "Co,
3-1
37%c
37:,2C
5%
c"'
Co., 5% pfd.
———•—_—
Inc.
Union Electric
preferred——
3-
2-
TungRol Lamp Works, 80c pfd. (quar.)
? .; V
«
Corp
1
10c
1-21
\2-14
'
-
Reading Co., common (quar.)—
3-
$1.25
—
Trunz,
1-15
i*—
$% preferred
7% 'preferred
i;
.
1-21
1-31
(accum.)—
Worts, -Ltd.—4
2-15'
$2?50 preferred (quar;
Transamerica
.l-i'
Xl-isX
3-15 "/
31 %c
(quarv)^4it
Edison Co., 5%
pfd. (monthly)
preferred/)monthly) ;
(monthly).—.
;
Extra
2-1 "
$43.92
:
1-21
1
1-15
pfd, ^quar.)w*«
Manufacturing Co.—
'
$1 convertible preferred JCquar.).*-**/..*?
■
50c
"
pfd. (quar.)
Tonopah Mining Co. (Nevada)
7-15
1-31
,
West Poinf. Mfg. CO. (quar!) .4—,
2-15
(quar.
Cow
4-15
37%c
$2.25
•.
8-1-46
>75c
a*—-..i..'
1-15
5-1-46
Wentworth
X
f»v:V*VVf-'
J75c
•:'Trarie;''Co.V>:comm6n——4—
'*?o preferred (quar.) ———
;i
1-21
g.,, .J
2-
_i__
IX X
.XI2- 1
75c
—,
X
.
12-21
2- 2 X ;.:i
$1.54. /
preferredwlw-i-.^
(quar.) v
"Raymond Concrete Pile, C&.,
-rh
20c
common-—
j
3-10
37%o
(quar.)
Wellington Mills, Iric,
1-15
X/y. y.y;
2-10
;
37%c
"
-iWeill (Raphael)
2-15
2-1;:
1-28
3-15
2-1-46
12-20
20c
Co., 7%
2^10
3-10
2-15
(quar.)—«./
5% preferred
5%
X 4-18 ?
3-10
—
$6 preferred
2-15
3-15
$17.
X.v?
1-20
$3.75
.Thatcher Manufacturing Co.-—
$3.60 preferred
(quar.)—
5
4-
$1.25;
'
1
31%c X
Textron-, Inc., $2.50 prior preference
4
:
40c
Texas Power & Light
2-28
■-
3-
60c
(quar.J
2-28
•"
^
^Radio-Keith-Qi'Pheum;
.
Teck-Hughes Gold Mines (interim)
2-15
\V
•
$1
Tennessee Gas & Transmission
Products; Ltd. (s^a)w-^yw-ww.
of America
■
I3y4c
13 %c
13 %c
Wa^lUngton Ry. & Elec., 5%
Co.—
2-15
3-29
2-
37 %c
^Washington :(D. C.) Gas Light, com." (quari)
$4.25 preferred (initial quar.)
$1.06%
/ s $4.50 preferred .(quar.)*i.*_-..-^.*^...._.,
$1.12%
1-15
2-15
50c
:
Co.
1-15
Extra
(quar.)
Sulphur
1-25
1
$2,50 Class B (quar.)..
>s!M5
?-15
30c
Gulf
1-30
2-
606
(monthly)
Walker Manufacturing Co, of Wisconsin—
1
2-28
^
$$1.25
(quar.)__
1%: preferred
Corp.
?$*;}
preferred——
2-15
3-29
2-
2-15
2-28
2-25vs 2*15
;
55C
Ob^eommon.
Inc
1-15
f
';:/':''$3:;preferred.
$75c
3-15
5c
^ Radio
$1.18%
—
3-15
2-15
1-16
1-31
■
—
sugar ^Co/of Cuba^A*
West Penn Electrib-x
(accum.).—
Tacony-Palmyra Bridge, 5%
B
;/QuarterlyJ
$1 preferred
•s>
1-15
(quar.)——
3-15
25c
convertible preferred (quar;)^_;
T i'Qulnte Milk
1-15
$1.75 '
2-15
2-1
Epecial
2-15
$1.25
1
2-15
Acid Works
50C
Light Co. (reduced)-
1-15
$1
5%
i
50c
$11.50
(quar.)
com.
'Walker *tH.) "Gooderham • &
>
1-10
$1.12%
Corp., $1.25 pfd.
preferred
Swift
1-15
3-15
2-15
2-15
2-
3-1-46
„—
4% % ;class;, A i>fd,
Ray Drug
6%
Texas
common
Clothier,
&
Wells
1-15
3-1
3-15
'
(qua't.)
$2
Purity Flour- Mills, 6% preferred (quar.),*...
-•>.
Sun
1-15
2-1
•
2-28
**^-.3. ,z±rs..c^.45c•
- :
-
Co.,
Vulcan Corp., $3 conv, prior
2-28
1
406
pfd; (qqan)..
$1.75
.Public Service -Electric & Gas Co.—
1, $5 preferred (quar.).w—
7%' preferred (quar.)—
Puget Sound Power &
'
Tobacco
Leaf
Wagner Baking corp.—
$3 convertible prior preferred
4-
$20c 2-15-46
-
1-15
50c
1-31
■'
Briquett Co.. Inc., $2 conv. pfd. (quar.)
Sun Oil Co,
1-15
:
1-21
*
pi "6% preferred '(quar.),—.*—•*
4- 1
"37%c
•
qividehd*4—
2nd preferred
$4
8
1-15
1
1-16
,•
—
Co
preferred
6%-preferred
1-25
1
45c
pfd. (quar.)—
Inc., $1.50 eonv.
Struthers
~
(quar.)——
7%
Class
V
$19c
preferred (quar.).t—
Strawbridge
1-25 <
2-
w^--—
fl.'
1
$$1.50 1-15-46
—
S. potash
r6%'
1-18
2-
$1.50
—
Suburban Electric Securities
2-15
2-27
41 %C
Cow
1%
2-15
50c
$20c
'
2-1
25C
"Warren "Brothers CO.,'$1.35 ClaSs A (quar )
3bc
•
Co
Common '(stpck
Stott
2-15
\:.;iProcter'.:as ;Ga»htile;:-Cq.; (quafV>-—
2-
2-25
13%b.
preferred——,—4
$2.25
Stoker
Sterling,
^
1-11
$1.37%
pfd. (quar.)
68%c
(quar.
'Virgiiiian'Railway—
$1.20
Stanley Works 5% preferred
Steel Co. of Canada, common
'::
1-19
1
(quar.)_
Provincial Eranspor^
3-15
2-
2-
;
12-21
1-10
'Xy 'M*
Standard Wholesale Phosphate $5
1-25
4-1
;.
75c
$1.50
1-31
1-30
/
(quar.)_—*
& Sots, $4 pfd.
(E. R.)
Standard
1-21
2*15
$1.75
^^''preferredvfaccum.^i-W^^^wi--^—■j
i Potomac Edison co^ $ ^ preferred <quer.yw
-
2-1
-
6-15
,/«*: 'Class/B: ■ (monthly) .wi/;-*-——wW——7 •• 13V4C :X
1-31
Standard Chemical Co., Ltd., 5%>~pfd. (qnar.)
participating preferred (accum.)www
:
preferred
Squibb
Co.—1,
f*Pioneer Petroleum, 1% preferred^.-—ii-—
J Pittsburgh Bessemer & ■ Lake Erie RR. <s-a)
; Jportlahq das as Coke Cd., 69fc pfd; <accum.)t
3-15
7-ls46
12 %c
-
4-1-46
(1.25
1-18
12-31
(increased)
Btahdard Brands; inc., $4.50
Whistle Corp.—
mi $L20
3-15
1
1-30
—
Spencer Kellogg see Kellogg
i
..
2-15
1-21
1
2-
2-15
(quar.)
Spalding (A. G.)
2- 7
4-J5.4- 1
■
$1.50
Piedmont & Northern- Railway
plg'n
4.8%
2-1
$50c
.
4*
$1.25
Vlsking Corp,; "class A (monthly) a—*—*.,
f. Class A (monthly), X....—1—
Southern Indiana Gas & Elec.—•
>
1
photo Engravers;
2-15
58V3C
;
\:;;25c"
■
8% participa^^ preferred (quar.) —
Southern Greyhound Lines
J
i
1-15
3-1
1-18
$25c
>
„
2-1
Inc.—
Storage Corp., participating
VOrtiehtfes-cWagUey
3- 1
.
22%c
—_ •*#*.«*•!<•
1
3-15
4-
58 %C
2-1
...
l
j Southwestefn Public Service—^
I
Common
(increased quar.)
1-16 '
4%% preferred (quar.)—
1-15
g
2- 1
1
'
3-15
(quar,).—
common
(quar.)—
Common
y
I
1-10
2-15
25c
2-15
68%C
Valspar Corp., $4 conv. preferred
This payment clears all arrears.———,
tJ Southern Canada Power Co., Ltd.—
3- 1
2- -1-&
$1.10
Philadelphia Insulated Wire (s-a)^
Common
'
$1:50;. f;-.4-i^ X 3- 1
»PhiladelphilEleotrife>Cd^ 4.40® Ipf^^quar;)::
1-18*
2-11
Soundview Pulp Co.' common, (quair.)^—.^
i
1-7
$1.25 y:/jf 4- T
u
V:Phinips-Jones Corpl
1-8
•
$1.25 5... 2- .1
6%z prior fepreferrcA::;iaccu%)w^^^^41 Philadelphia Col $i preferred IqtmrriLiWiiilN P
-$6
2-1
25c
Z'A ExtrSr■'.?
1"'
53c
-
w
2-10
f South Bend Lathe Works (irreg.)l—^.—i—
r Southard
Company,' Ltd; (quar. )_.W—;
t Southern California Edison "Do"., Ltd.-^;
1-8-
•;
2-1
(quar.) W—$306
:^;:/6%v;preferred':lquar,)w_w.xw^-.—ddw——
1
•-T-15
iivigS*
3-15
1-15
1-18*
15c
.
$1.06%
?#fd»/initial quait)|;
Pwri,-
1
1
-
$1.04
Bolar Manufacturing Corpw-d ■?
4 f
'
55c convertible preferred A (quar,)—
.
dividend
Stock
1
Ltd., common (accum.)
$30c
preference (s-a)—$20c
Dairies,
Solar Aircraft Co., 50c conv, pfd.
r^enhsyivania Exchahge'Rank
rPennsylvania
2-15
..
4-
2-
530
•Universal Pictures (quar;).—
*
Pennsylvania ElectricCo.—
gy 4.40 % preferred .B (qUar.)*/__—X--
3- 1
,,
50c
35c
—
participating
Slater (N.)
5
1-11
3- 1
2-
$25o
,_
!
1-17
10c
City> Gas & Electric, 7% preferred
40q
'
$1.10
Manufacturers,
&
convertible preferred
Universal
1-28
tl5c
Company.
Silverwood
1-15
1
1-19
initial—5c
Sioux
3-15
2-
12-31
2-15
87J/2C
(year-end)....
Silex
;
1-25
1
50C
53C
,
25Ct
of Canada
Sherwin Williams Co.
4j 1-25
::
1-10
1-15
12-31
2-1
'$1
Shawingan Water & Pq^er (increased) —■
<
2-16
2-15
; •
(quar.)—
1
1-30
2-1
2-11
'$1.12%
V'l 6ihcial^VOiRiCqiR.dd424l;4id^^
TelephonClCdtop&ny^!
'
,:!r> ,>'
Cquar.)w^%^w»^^w-WW.-^wfei.
-
jtSl.40 class A
s
/Sheraton
; 1-14
1-30
U.
25c
.
/-vV
1-23
;
1
25c
(quar.)
Extra-
*
3-
;
25c
ppaslee-Gaulbert
.
5 x
1-31
30c
»
preferred < accum. )__
6/
common..^——.
Sharp &-Dohme, $3.50 pfd. A (quar.)____„
1-19
2-
1-31
2- 1
2-28
X
Security Insurance Co. (New Haven, Conn.)—
1-15
75c
Inc. (resumed)
/Parke Davis i& Co.
1
2-
20o
50c
25c
50C
$2 partic. pfd..:—
Co.,
#1-19
2-1
$1.50
32 %C
3-9
X;XX
,
'Uw S. industrial Chemicals (quar.)..—.-—
50c
*
'V|Seaboardrpn;'of "DeR3;(qUal^)d.l-4W—.wwww-v
1-19
"■
■
Paper Company, $4 preferred (quar,)'
Sfcattuck-Denn
•
'
$4.50 preferred (quar.)__
i4i
;
Wall Board,
^Schumaker
1-31
2-15
(quar.)—35c
Inc.
Bchenley ^Distillers Corl>;-Jwi-.L.i. v.
;
1-31
2-15
75c
Foods,
Fine
W.
3-15
i-15
|
2-15
&
1-31
1
U. S. Hoffman Machinery Corp.—
1-23
2-11
1-15
2-15
•
?
34 %C
.
S. Cold
U.
3-10
>
1
•4-
1-21
'
Pacific Gas-&-Electric Co., 5%pfd. (quai.)
6V2'/<> preferred (quar.)
_i
X* %% 'preferred (quar.)
___—j—~-
2-
i**4,?
5%
preferred (quar.)_
5% preferred (quar.
X
1-31
"
'Pacific i Public: Service, $1.30 pfd.
2-15
4-1
40c
Barnia Bridge Co.,
;;
1
2-
$1.25
*pfd; < quar, > 5
3-15
2-25
1-22
Istpreferredi——
Co.r
Mjlling
2-15
$75c
.
United Merchants
25c
12-31
•__■—
Pacific Power-*& Light "Co., >7%
Xr$6 preferred (quar.
1
(qtial.)
-
1-19
Ltd.J————.—"25c
istw LawrenceVFlour "Mills,, )com.-'(quari)xw.w*
;$35c
Zt >7^; "preferred-'/(quar.);.4---^*—*.*4-r..* >$$1.75
1-21
1
$$1.75
conv. pref. (accum.)
BaClf ic Finance' of Calif,, 5%;
-w—
1
6%
5%%
•
—------
Pacific 'Coast Uo;/$5-
,,C
2- 'l..."
3-
25c
ISaco-LOwell Shops (quar.)—
$1.50
_—
Company
2- 5
4-
•
class A preferred
preferred (monthly)
preferred (monthly)
prior preferred (monthly)
), 6,36 % prior preferred (monthly)
6.36% prior preferred (monthly)
7% prior preferred (monthly____________
7% prior preferred (monthly)
7% prior preferred (monthly)-/
3-9
2-15
25c
Ruppert (Jacob) Co./ common-..^^^/ :;:^':25c:
xV", 4Vk'preferred (quar.) ——...—i.— $1,12VH
1
Ofonget crush, Ltd., 70c
16c
(Helena), class A (qdar.).
Rubinstein
1
,\
■
1
preferred-.—
conv,
3-
(quar.)
Park & Tilford,
$1.20
92 %c
6.36%
f 2-15
3-20
50c
1-15
1-15
*
I 6%
"
,
6%
,!
1
1
1
VX":"X
Electric;Co. (Mo.)—
United Light St Railways (Del)—X
6% preferred (monthly)
1-14
2-15 V
3-
^$1.50
,
of Rao.
2-
■.
v
1-15
:#
Bolder$
15c
United Gas Corp.-.
1-18*
2-1
tl5c
—
2-
preferred -(quar;)-----.-.-—
?
13c
(quar.)..—
cbm.
40c
Oliver United Filters, Inc., Class A (quar.)-
Outlet
1
$1.75
Oqtario Steel Products OO./ Ltd.^
\?!
1
2-
___'
(s-a)
Co.
Company, (quar.)—__
Oliver : Corp!, "4 Vi %
Common
2-
50c
>
Russell-Miller
Okonlte
$1.25
;
12-28
4-
Insurance
1-21
1-21
?
?
$6c
25C.
Casualty
1
2- 1
Rose's 5, 10 & 25c Stores, Inc. (quar.).^—
O'Brien Gold Mines——--—?
Ohio
2-
Roes Bros., Inc. (quar.)—!
1-15
„
15c
When
Payable
Share
■'
__—_
United Fuel Investments, Ltd.—
1-15
—
.preferred ;,(quar.)
67o
,.
'
$1.25
1
$5 preferred (quar.)_
Rohand Raper Cq., Ltd.,
r;
/ 1-30
20o
1
2-
Rockland Light & Power.*———
•
3-15
■
2-
15c
■
.
Corp." (s-a)—*——...
Rochester Transit
2-15
,
•>,
ifc $1
75c
.
—
——_
Riverside Cement Co.,
/87%C ?
5% preferred/qUaf J——■—/
/
•
j■!/ '■}.■ X ■:}" ,>:> v,-'-'v/y?v'/:' j/ v' >//;
y
2-1
Extra
1-17
50c
—
7% preferred (quar.)
Nifnn-Bush Shoe
;f
1- 8
g
$
2-1
1-15 ;
1-15 ;
Richmond Insurance Co. of New York (quar)
4|;
1-31
Goods-i.4—
Dry
50c
—
A_—w—..
Class
Rice-Stix
•
2-1
$1.50
(quar.)-.
Co.___
2-
,.3-11
$1
——-—
New
Tire '& Rubber Co., Pommon/X-X"?
Norwalk
,•
2-
37 %c
<
(quar.)
preferred
$2
^
&
$3.70 preferred (quar.)—'
.
1-15
1
Drill
United
Rhode Island Public Service Co.—
■■■
Northern Illinois
$1.50
2-
25c
-L-
.
y
1-25
Company ■'
Tool, class A (quar.)
Class B, (quar.)
x*"i-25...
.
,
Northeastern Instance Co.
'
Nome of
United
l-io
•;
503
Per
Of Rec.
2-15
$1.31 Ye:
(quar.)
Reynolds (R. J.) Tobacco Co., coin,
Common B
(quar.)_——_—
1-21
1
5^4% pfd.
Copper & Brass,
When
Share
- -.ipir
^
pfd. (quar.) '> 68%c
Republic Petroleum Co^ 5Va%
'?
\
1-15
2-
;
1
1-15
'
- .1
books not closed for this dividend.
itPayable in U. S. funds, less 15% Canadian non-residents* tax.
$Payable in Canadian funds, tax deductible at the source.
Non¬
resident tax
$5%; resident tax, 7%.
/a
Less British income tax.
Monday, January 28, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
504
Capital Flotations in the United States During the Month of
And lor the Twelve Months of the Calendar Year 1945
The
Results for the Full Year of 1945
•
Burlington & Quincy RR. 1st & ref. 2%s; $30,000,Western-Air. Inc. 3%. sinking:
fund debentures and $25,000,000 (250,000 shares,, no par)
Wilson & Co., Inc. $4.25 cumulative preferred stock.
000
total for the
of $518,of
$264,714,877 for 1944 and $90,072,344 for 1943. As in the
preceding 24 months, the greater portion of the month's
corporate financing was used for refunding operations,
the total being $337,040,911 or 67.2%, while new capital
absorbed $164,293,287, or 32.8%.
Similarly the monthly
average for the whole of 1945 was $413,274,327 for re¬
funding and $105,381,652 for new money purposes.
Fi¬
nancing for the month was confined to five classifica¬
tions, viz: public utilities, $197,984,335, or 39.5% of the
total; other industrial and manufacturing, $142,340,435,
28.5%; railroads, $72,915,000 or 14.5%, investment
trusts, $2,650,000 or 0.5% and miscellaneous, $85,444,428,
44.7% of the August total; $130,955,000 or
July; $77,750,000 or 96.7%
in June; $104,161,000 or 19.8% in May; $107,960,000 or
16.3% of the April total; $163,275,000 or 44.9% reported
in March; $32,450,000 or 16,9% so placed in February
$198,993,000
and
Total
Refunding
Capital
New
'
,
'
February-
March
———
159,360,123
1,352,125
May——-——
June—-
.189,591,294
225.707,162
80,437,425
36.398.283
85,002,408
121,400,691
29.999,425
95,812,568
125,811.993
382,694,367
531,607,859
79,404,976 215,458,248
294,863,224
722,258,295 1,018,016,659
150.476,205 263,287,476
413.763,681
1,738,141,514 2,140,844,705
295,758,364
.
338 267743
1(H,820.122
~
*ily—
August
September.
7051440,793
——^-
Nine
157,252.988
143,403,034
407.642.920
;j93,109,384
708,303.942
826^81,432 3,531,771,293
months
S 988,931.090 1,202,560,112
101,548,627 ' 161,824,698
164,293,287
337,040,911 V 501,334,198
213,629,022
60,276,071
October—__—
November
December
438,198.380
Fourth quarter
1,427,520,628 1,865,719,008
79,311,000
101,714,704
9,875,000
55,165,000
65.040,900
51,453,404
901,413,326
4,358,152,745 / 488,867,748
84,754,500
22,403.704
437.351.540
200,055^800
251.509,204
i
1199443
$527,848,188, or 9%, was made up of equipment manu¬
$2,740,000; motors and accessories, $33,635,594;
land, buildings, etc., $21,990,000; rubber, $49,850,926;
-investment
trusts,
$13,032,000, and - miscellaneous,
facturers,
,***■?
»—■——"
—1—' -—1 -—■
——
65,579,800
19.174.700
214,580.801
248.980,98o
810l260,915
^423,678,261 >,793,629,779; 2,217^08,040/
Third quarter-
.
57,327,813
105,572,951
30.208.620
^07244173
961,535,209 ',
445,511,916
749 921243
>
73,364,291
76,399,341
36,115,868
402,703.191
an ORG
expected during 1946 with the:
end of the excess profits tax effective Dec. 31, last. This
was one of the chief factors contributing to the wave of
corporate refunding operations.
Of the total corporate financing* for' 1945 the largest
portion, $2,371,582,779, or 38% went to public utilities,.as
against $1,379,832,582 in-1944; railroads with $1,507,691,800, or 24%, came next compared with $622,770,000 in
1944; other industrial and manufacturing accounted for
$1,296,832,263, or 21%, compared with $738,852,121 in
1944; oil took up $303,689,452, or 5%, as against $95,838,900 in 1944; iron, steel, coal, copper, etc.; $214,227,271,
or 3%, compared with $124,287,500 in 1944.
The balance,
95,686,940
44.743,680
656,045,237
'
o 11
118,900,457
"74.902,000
526,446,349
148,913,492
-
47,829,228
' 71,071,229'
184,500,006
$406,599,668.
1,436,562,237 1,919,42^,985 ' 201,929,609 ' 463,343,246
665,272,885
40,673,226
86,662,467
127,335,693
121,032,738
14,236,772
69,861,543
190.894.281
83,128,500
97,365.272
755 4=>n 2fi=;
364959M4
136,738,437
136,614,813 618 835 45''
26 565 74^20,434,385 116,304.052
338,394^7
183,614,945 1,073.533,601
1,257,148,546
1,264,579,332 4,959,291,921
6,223,871,753
DOMESTIC CORPORATE
Years
,
^
;'// ^/:
/
2,605,474,000
886,827,500
913,122,350
2.319,675.200
2,434.645,300
1944
1942
t Revised.'
_
-
—
194lL—
:
1940—
made in the years 1945 and 1944:
changes have been
NOTE—The following
*
' '• •'/
v.1
Add
Jan.
1944
Add
'"Jan.
1944
Add
Feb.
Apr.
Add
Apr.
Add
> Other
1944
Add
Apr.
1944
1944
1944
May 1944
May 1944
Add
Add
. •
.
Ind.
& Mfg.—*
Miscellaneous
i
Other
Ind.
&
Ind.
Other
&
Mfg—"
*
& Mfg.--*
Ind. & Mfg,—*
Incl.
Other
/
Other
Add
Jun.
1944
Public. Utility
Add
Jun.
1944
Public
Utility
Add
Jun.
1944 ./ Public
Utility-
-
1944
Public
Utility-
Public
Utility
Add
1944
July 1944
'Public
Utility
Add
Aug. 1944
Add
July
Add
/ July
1944
Sep. 1944
Sep.
Add
Add
1944
Public
Utility
Add
Sep.
Add
Sep.
1944
Other
Ind.
Add.
Oct.
1944
Other
Ind.
Add
Oct.
Nov.
1944
1944
Public
Add
Ind.
&
Mfg
*
Mfg,--*'
Utility' —Jj-
Other
Upper Michigan
Mfgiir*
Kerite Insulated
Mfg—
Oswego
NOV.
1944
&
Public'Utility
Add
Dec.
1944
Public
Add
Dec.
1944
Other
Add
Jan.
1945
Public
& Mfg.—4
Utility-
Add
Jan.
1945
Public
Utility
Add
Jan.
1945
Public
Add
Feb.
1945
Miscellaneous
Add
Feb.
1945
Add
Mar. 1945
Add
Nov.
1944
Add
Ind.
Other
'•
•
Southwestern ••
•
Public -Utility-
Utility
Public
Utility
& Mfg—*
Add
May
1945
1945
Other
Jun.
1945
1945
Other
Add
Apr.
Jun.
Ind.
Ind.
&
Add
Aug. 1945
Other
Ind.
Add
Sep.
1945
Land,
Bldgs.,
&
:
Aberdeen & Rockfish RR.,
•
'mgiy
Mfg.i—*
etc.—*
19391
19371/
L
5,327,000
460,900
19341
•/•':
3,250,000
'j -v-.*
1,500,000
1,400.000
/ZZZ^ZZ- z'
*■". z \
.
:
;
1,500,000
:
''
z
1960
—;
400,000
>
30,000,000 Armonr and Co. -4 Via % cumulative income
(subordinated), due May 1, 1975 /(refunding).
90,000
Add
Add
1944
Sep. 1944
Oct. 1944
Add
Dec.
:
SHORT-TERM BONDS AND NOTES
Philadelphia Dairy Product? Co.,
Other Ind. & Mfg—
•
Add
Jun.
1944
1944
Add
Dec.
Add
Mar. 1945
Add
Apr.
Add
Aug.
Add
" Sep.
Add
Sep.
1945
1945
1945
1945
1945
Oct.
1945
Add
Add
Jun.
Other Ind. & Mfg._-_'
Miscellaneous ——'
Other Ind. & Mfg.—
Other Ind., & Mfg.—
Other Ind. & Mfg.__
Other Ind. & Mfg—
Public Utility ———
Railroad——
Other. Ind. & Mfg—
Other Ind. & Mfg—"
Other Ind. & Mfg.
Other Ind. & Mfg.—
.
♦Indicates issues placed
privately,
,
•
'
1
'
'
STOCKS
2Va%
20,000,000 New England Telephone.. A;. 'Telegraph
V
6,975,000
^
'
J
'
lative
"
\
capital stock (par. $10>———.
capital stock (par $1)—*
Ironrite Ironer Co., 10,000 shares common stock (par $1)
Central Electric & Gas Co., 27,764 shares common stock (par $1)—_
Aberdeen & Rockfish RR., 80,300 shares 4V*% preferred———:—
Rock of Ages Corp., 29,214 shares common stock (no par)—z—
Fruehauf Trailer Co., 28.000 shares common stock (par $1)—
Pressed Steel Car Co., 12,903 shares common stock (par $1K—,z__—,z
Brockway Glass Co., 10,000 shares.5% cumulative preferred (par $50)Century Electric Co., 28.470 shares
General Bottlers, Inc., 6,000 shares
''
-
r-
preferred stock, 4%
series
(par.$100),
(Purpose,
exchange for and refunding of existing preferred
4 v*7c: issues,, approximately. $19,324,200, ^working
$660,500).
H
'
4V4 and
capital,
ffl
Publio Service .Co, 1st mtge. ZVac/c bonds.
1974 (refunding).
./v!
17,500,000 Southwestern
'V
General Bottlers, Inc., 2,000 shares capital stock {par $1)
a
Pacific Finance Corp., 25,000 shares common stock (par $10J//Zlzzz_Universal Pictures Co., Inc., 64,451 shares capital stock (par $11
/i :
Co.,
!J
''1
4,1
-
iZ,Miseries- D (refunding).,,/-.///^/,/
.•
19,984,700 Philip Morris & Co., Ltd., .Inc. 199,847 shares of cumu-
800.000
notes 1945-49
r,|
F,
debentures
I
\
bonds,
:
2,600.000
'•
.
1944
Dec.
bonds,
3 V# ft" bonds,, Series
;
51,782,000 Pennsylvania- RR, general ;jtntgez
due Jan. 1, 1985 (refunding).
'
Add
I
J
v ■-1
time (in paren-
900,000
4,500,000
—
1945
of-securities placed
850,000
$
:
Corporate Issues During the; Year
•
8,000,000
:v.V^s'v..
79,901,271' 2,618,804,748
|
21762,577,838
2,196,166.420
. 4
2,140,494,689 .... |
2,433,692,159 - a
4,631,945,681
j
2,267.428.769 /V j,
491.094,449
. f
^ '■
I
81,616.848
$53,835,000 Louisville & Nashville RR. 1st & ref. mtge.
scries F, due April 1, 2003 (refunding).
3,000,000 -
2,ooo~6o6
,
|
JANTARY
-1,320,000
2,300,000
1,330,000-
(!
489,894,440
CANADIAN
161.158,178
; c72,759,242
78,560,510 :/'19,150,284 ;
468,395,203 C ^ 292,013,451
285,840,364 / 282,063,717
123,650,746' Z
27,180,244
3,198,450
' 31,402,899
during the year 1945, giving at the same
theses), the purpose of the issue.
;
2,762,577,838
d
2,116.666,420
2,140,432.180
2,433.692.159
4,578.945,681
|
2,267.^',8.765 / ;!
/Stocks ,
Total
$283,056;744 $6,223,871,753
i
101,223,891 3,176,578,531
j
\; 43,079^43 f 1,080,868,131 ); ?
19,239,518 1,042,520,276
I
219,228,275
246,315,690.
4.064,041,600
2,116,597,775
456,493,100
jj
i
Common"
..
Below we list the principal issues
2,500.000
'
:::
—
31,402,899
Btocks
2,434,645,300
1,962,249,000
2,042,783,895
1,673,283,500
Total
$6,166,165,781
3,117,328,531
1,060,618,131
1.042.093.401
2,618,804,746
19,087,784
292,013,451
282,063,717
27,180.244
$4,907,433,620 $1,033,381,389
2,664,724,000
410,630,640
907,077,500
130,710,988
913,122,350 • 110,158,403
Large: Domestic
1,300,000
•
500,000
'/'■■•/,Z-Zzzz:::'
'
1935——
1,539,100
5,000,000
-
—
1936
-Z/.v
350,000
—
1938
2,800,000
60,000
i
Holly Sugar Corp., 23/i-3% loan 1960^4-^
Colorado Milling & Elevator Co;, 3% % debentures
Insurance Exchange Bldg. Corp., 4% 20-year loan-
--r-
/ Zi/^ZZ/.
1974iZZZZZZZZ^_TZ^^^2zZizC4-
1st 3V4s—
19401
500.000
-
Preferred
2,319,675,200
1941r
2,100,000
•
1st 3s
I Western Utilities Corp.; 4 Vi% debentures. 1965
/ Truax-Traer
Coal Co., 3V4% notes 1954-61
Railroad
Add
1942—
375,000
736,003
''
'
—
1943/——
246,315,690
161,158,178
78.560,510
468.395,208
270,840,364
123,650,746
3,198,450
FOREIGN INCLUDING
Notes
1945_
263.000
360,000
'
Bonds and:
Years
'
Power & Light Co., 3Vi% bonds
—_________
4% debentures 1954
1st .3 Vis • 1959-.—_s
—^.Z—
Co.,
.
453,293,100
DOMESTIC AND
Calendar
1,500.000
140,000
Wire & Cable Co.,
Gas
^' >' q'i:
465.000
3,500~000
4s 1964—
Assocz^TeL-Uo^^St1 3%s-
Natural
Paso
ll ^
;
4,000.000
Philadelphia Dairy Products Co.,
:
Utility
Add
250,000-
*235,000
1957————
__L__——:
Inc., 3Vb% notes 1950-58
Inland Telephone Co., 1st coll. trust 3 Vis 1970_
——
Louisiana Public Utilities Co., 1st 4s 1974—
Nassau & Suffolk Lighting:Co/ .fst; 3 Vks: 1949-—_•
Davidson Brothers Co., 10-year debentures
Gulf •' Public Service Co: (Del.)/ 4V4 % notes. 1950-60—:
Connecticut Ry. &, Lighting Co., 3% bonds 1974
E1
Utility
Ind.
Public
2,200,000
2,450,000
As 1973__^_^_—/—
Falls. Corp.,
1934—-—
$1,000,000
Club,- 1st 4s, 1945-54—_—_Z„———_i__„
Consolidated Gas Utilities Corp., 1st sinking fund 3%s, series B 1956—
Gothan Hosiery Co., Inc., 3% % notes, due to 1956
Marathon Corp., 3V4 % debentures, due 1959
i__
&
&
$15,000,000
Golf
Chickasaw
Utility-
Public
Refunding
New Capital
1
__Z/—
'
Miscellaneous
•
■
America,; Inc./33.4'^
of
Gulf Public Service Co. (Del.!,? 1st
Allied New Hampshire Gas Co., 1st
/
Utility:
Public
r-
NOTES :
LONG-TERM BONDS'' AND
debentures 1958 -- . ' :
Gamble-Skogmo, Inc., 15-year debentures 1959TelAutograph Corp., 4c/o serial notes 1946-54;
Texas Telephone Co., 1st 3 Vis, series B 1969.
Glidden
Co.,'3'4
note, July 1./1956. *
A. E. Staley Mfg.. Co., 3%
15-year debentures—_______
Citizens Water Service Co., 1st 3 Vis, series A 1969____—:—
Clymer Water Service Co., 1st 3V2S, series a 1969———
Punxsutawnev Water Service Co., 1st 3V2S, series A 1969
—
Ashland Home Tel. Co., 1st 3 Vis, series :a„—:
Associated Public Utilities Corp./4Vis debentures 1964
—
Spring Valley Water Works As Supply Co., 1st 3Vis 1974
r—„
o
Utility
Public
.
Creameries
Mfg"I*
Miscellaneous
c
.
/ Name of Issue
Armour & Co., 20-year 1st mortgage 3 Vis, series
Kobacker 'Stores, Inc.,
: debentures 1955——:'
Z
Classification
Month
1,882,749,000
2,042.783.895
1937—1,673,283.500
1936
4,026,041.600
1935—
2,116.597,775
1938_
101,223.891
43,079,643
18.817,643
79,901,271
81.616.848
72.759,242
410,630,640
130,710,988
110.158,408
219.228.275
1939
—Allocation of Proceeds-
ISSUES
Preferred
Common
Stocks
, /... Stocks
$4,857,833,620 $1,030/717,91?
$277,614,244
Bonds and
Notes
Calendar
377,872.343 702,995,786 1.080,868,131
672,482,693 2,504,095,838 3,176,578,531
.
corporate fig¬
each type of
security:
1645
Twelve months—
:
^
Following is a tabulation of the annual
ures for the past 12 years according to
239,652,510 .415,595,246
173,942,736
volume of
refunding operations is
20,784,940
28.620.611
1,001,293,728 1,262,929,011,
Six months——*-
13.195,000
95.390,457
108,100.665
261,635,283
Second quarter—
98,346.215
103.534,713
Some contraction in the
79.7%, for refunding.
1.8C5.000
38,447,228
11.330,000
56.943.229
877,915,694 /. 146,844,872 / 339,563,928 ' 486,408,800
555,122,202
367,086,226
79,085,300
100,923,035
April
was
10,315,000
7,517,000
2,798,000
148,990,455
s
45,455,742
Total
S
62,615,780
aggregated $1,316,438,133, as against $511,854,531
Of the total financing; $1,264,579,832, or 20.3%,
for new capital purposes and $4,959,291,921, or
in 1944.
*'
176,456,350
160,961,995
191,107,290
363,837,701
stupendous
stocks
-1943-
Refunding
Capital
$
<.
38,773,350
736,847,786
141,067,908
First quarter.—
'
137,683,000
322,970,703
295,766,014'
44,070,93 fv:
28,925,290
68,071,687
January—
•
1943
■■■New
Total
Refunding
Capital
f
;$////
278,899,772
162,182,000
financ¬
ing^ is brought to light.
CORPORATE FIGURES BY MONTHS 1945, 1944 AND
■/".■■ ■-v-.'"'
mil " ' /;
-—-ti945
New
we
particularly as additional private
-
total -of $159,250*090,995 v
compared with $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.
This huge borrowing by the Federal Government .
was a direct result of World War II which came to a
succesful Conclusion with the unconditional . surrender
of Japan in August last.
Of-the total corporate emissions for 1945, long term
bonds and notes added up to $4,907,433,620, compared
with $2,664,724,000 in 1944, while preferred and common
present a tabulation of figures since Jan¬
showing the different monthly amounts of
corporate financing. Revisions of the 1945 figures may
$49,765,000 Chi-
SUM3IART OF
ury last year
amounted to the
uary; 1943,
be necessary,
-v'
of this article.
by the Treasthrough the public sale of its securities
months of 1944.
Below
'
Incidentally, the indebtedness incurred
the . 12
$638,909,818 for
compared with
$794,740,667
issues brought out during the month
were as follows: $75,000,000 Pacific Telephone & Tele¬
graph Co. 40-year 2%% debentures; $56,929,000 Buffalo
Niagara Electric Corp. 1st 2%s; $50,000,000 National
2%% debentures;
,
pilation given on another page
Municipal financing for December totaled $82,195,838
compared with $41,293,742 in November and $33,795,481
in December, 1944.
The 12 months total footed up to
17%.
Products Corp.
recorded for Jan¬
$64,364,000 or 19.9% of the total
uary.
The principal
Dairy
or
13.6% of the total reported in
or
,
f
financing the year 1945 will rank as one
of the most noteworthy m history, z Only in three other
years, according to our records, were the 1945 figures of
$6,223,871,753 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.
It should be borne in mind that the 1945 figures were at¬
tained despite the almost entire cessation of the public
offering of any corporate securities during three months
of the year when the Government was conducting its
drive for funds to finance its war needs.
We may also
mention here that government, municipal and farm
loan and government agency figures are excluded from
the above totals, but are shown separately in our com¬
For corporate
Transcontinental &
Privately; placed issues for the month of December,
comprising 22 separate issues aggregated $114,524,687 or
22.8% of the month's total.
This compares with $95,140,000 or 58.7%, for November; $140,808,000 or 11.7%
of the October total* $19,675,000 or 2.4% for September;
aggregate being the sixth largest monthly
year and compares with a monthly average
655,979 for the 12 months against a monthly average
or
;
:
zcago,
Drive on Dec.
7, corporate financing made a sizeable advance over the
month of November, the total reaching $501,334,198 com¬
pared with $161,824,698 the previous month and $136,738,437 in December, 1944. /The December emissions
compare favorably with the prior months of 1945, the
thu Victory Loan
Following the end of
December
due
25,000
4%,
646,510
1,
Transit Co.
due Dec.
1,
1st &
1964
ref. mtge/bonds,
(refunding), "
•
series A,
-
z
11,000,000 Washington Terminal Co..1st mtge. aeries, A
bonds.
./•'due Feb/1, 1970 (refunding).
••/'/
/■"/.z///";/ ■■.'■-.-y/z
10,580,300 Wabash RR. 1st mtge. 4% honds/series A, due Jan. 1,"
177,938
75.000
27,500
//i
66,634
./■
80, 300
,189, 761
•
Jan. 1,
v:
:• :/
297,863
:•
::::::
t
1971 (Purpose, issued to RFC in reorganization of Wabash
•. •
■■
bonds, series A. duo
•
Ry.). •
■
z '/.'•*"/
10,000,000 Western Pacific RR. 1st mtge. 4%
•
1,596,000
500,000
Nov.
12,500,000 Capital
400,000
•;/
1974
(Purpose, issued to RFC incident to re-
organization of system in settlement of claims) . *zzz ,
■-//
Brothers 100,000 shares of cumulative preferred
(Refunding $8,398,272, working capital ••
10,000,000 Butl-r
H
'
THE COMMERCIAL & FINANCIAL CHRONICLE
yolume * 163-Number 4459
,;7
/
■v
;
March
1,
1980
47,000,000 Wabash RR.
(refunding).
35,000,000 Oklahoma
15,000,000 Burlington
■
# 7
bonds, series D, due
V"'•*' »// ; f
3ft ft bonds, series B, due 1971
FEBRUARY
;
50,000,000 Fere Marquette Ry.
>
Vv
mtge.
''Vi'-^Vt## 7'7/ft'i/#/#-#
Gas
Corp.
1,, 1975
150,000
shares
of
4fj
preferred
(refunding $14,581,517,"corporate
par
14,400,000 American Locomotive Co. 400,000 shares of
pur-
.
$418,483). 7 '—7.
-Jv.
15,000,000 Household Finance Corp. 2%^ s. f. debentures, due 1970
(refunding $8,686,720, reduce short term notes incurred
.>■""■
?■-:
»;
■
to provide working funds $6,313,280).
14,000,000 Panhandle Eastern Pipe Line Co.
140,000,
Electric
&
due Feb
stock, of $100
7poses
Co.
1st mtge. 2ftft./ bonds,
(refunding);. •
;... />'
: •
25,000,000 Shawinigan Water & Power Co. 1st mtge. and collateral
trust
s./
f.. bonds, series K,. 3due Feb.' 1, 1970
(refunding).
..
(
series
/:7
;7 7 J; ;
,
(refunding).,
1st
Mills
,
mtge. 33oft
1st
1
1
*
,
v
4ft
1
7
,
t',
.
due Nov.
Electric
7
Co.
150,000
7/.
##/;
■
•
due July 1,
Of 4ft ft
shares
V
.
mtge,
r'
'1'
(refunding).
1960
„
Gypsum
„
'i
,
Corp.
(refunding),-
,
Steel
1965
.
20-year
7
•••"'
2%ft.
7 7
Corp. 3ft 1st
(refunding).
mtge,
sinking
:
7,
-7 1
.
"
.7
'
tures, due 1965 (expansion of business).
Northern Railway general mortgage
due Jan. l,1990 (refundihg).
■
APRIL
.
1st; and ; ref*' mtge.' 3;ft ft bonds,I series D,
1995 (refunding)., i •
* 1 h t
60,000,000 Virginian i Ry. 1st lien and ref.* mtge. bonds, series B,
3 ft, 'due May 1, 1995 (refunding) J
58,000,000 New York, Chicago A St. Louis RR. refunding mortgage
84,000,000 Reading* Co-.
'
777
'
ft
bonds, ,3 ft ft*
-
series E,
due June
1980
1,
.
.
series, dufe
1975
Irom
(refunding). 7„ x/y
1
'(refunding).
-
due•.April; 1, -3(975 (refunding).
v
due
1
,
i
''
•'*'
•",
.
Co.
(refunding,
*,j
23A r,'o
j
debentures,
corporate' pur-
<
>
,
,
■
<
" series;R
^
Co.
1st
&
ref.
mtge.
bonds,
due; 1975,(refunding)
'
-
1
,
»
1
Waters Associated. Oil
'
25,000,000-Gimhel
'
7
.
is
Ligh$ Corp.,*240,000 shares bf>
-•
'
■"
3.90C«
y
setiies
of
$10^
i
.
•
■7]
(re-
*
-
•
,
,
»
»
,
preferred stock
^
lative^ preferred "stock
;
•
bank loans
which
'
■
*
3ft
G»s
..."
t-
'
■
75,000,000
-v
65,000,000
.
50,000,000
175,000,000 American Telephone A; Telegraph Co. 2:!*debentures
due J Aug. l, \1980: (refunding).
;
75,000,000 Bethlehem Steel-Corp. consol, mtge.
25-year s. f; 2%%
,
,.tv
-
bonds, series; I, -due July: 15,
'
53,119,000 Louisville &
Nashville RR.
-1
series
'
-
.
49,000,000
V. S
;:k-
'
,
-
k
-
G,'due'April I; 2003
J.)
Reynolds
Tobacco
series
of
Co.
$100
shares'
490,000
uar
45,500,000
•
(refunding).
mtge. 2%%-bonds,k
(refunding),; ' v
* t *
'
40,312,000
ref.
of
(working capital).-
prefj
,
.
'ft
of
;
'
it
share
one
of
chase warrant
capital
to
stock
purchase
$2ft
par
and
additional
one
a
stock
share
of
40,000,000
E, due 1985
(refunding).
.
.
:
.
:
34,000,000 Portland'. General Electric' Co. '1st' mtge.' bonds,' 3Va'm
series, due 1975 (refunding).
'
I
>31,000,000 Pure Oil Co* 20-year serial notes (refunding);- :
!
i
30,000,000 Youngstown Sheet & Tube Co.; 1st mtge. 2*\ '%>' bonds.
'
1970. (refunding). - '
'J. 28,000,000- Loews,: Inc. 20-year debentures
(refunding).
.
j;;'
1970
V-
25,000,000 Union
California 2^\f/o
(refunding)*:; > '
Oil
Co.
of
California
! pref, ftock, series A of
I
no
par value
$3.75
•
i
!
:
£
Light
Co.
....
...
,
cumul,
(repay notes $12,000,-
000; reimburse treasury for capital expenditures, working"^
bonds,
534,889,058,
and
•' '
■■/
.
7
27,000,000 Cincinnati Gas
tive
/
preferred
(refunding).
&
Electric
stock,
4%
:/:/:
Co.
series
,;v-77''///x77l'7- #"/:/.■
,.
270,000
(par
27,000,000 Pennsylvania Power &
shares
of
S
convertible
preferred
stock
16,000,000 Crane Co.
.
..
of $100
$5,567,605).
160.000 shares of
par
(refunding).
in keeping with peacetime ex-
The latter amount represented debt refunding and
virtually infinitesimal in comparison with the sim¬
financing consummated in each of the pre¬
ceding months of ,the, year.
*
r
J
poses.
was
ilar type of
This to the contrary,' it is a fact that the volume of new
capital borrowing during 1945; as distinguished from re-t
funding operations, was substantially greater than for
any of the preceding war years. For comparative pur¬
poses, we give the following tabulation of operations
time periods:
7V.V:;'
77
#7.: 7- ;i#V
-.1*4
■
Year—
New
Capiftjl
Grand Total
'
Refundings
Borrowingti
$794,740,667
/
$323,843,500
$470,897.16/
638,909,818
404,000,156
234,909,66.)
1943
435,223,191
259,481,836
1942
523,704,607
181,264,294.
175,741,35^342,440,31^1
518,105^73
19447.
'
"
'
v
1941
'
952,615,173
r
r
—
.
434,509,900
1,234,916,402
'
"1940
71939
477,764,723
757,151,679
1,125,901,000 7 195,079,000
930,822,009
In "connection with the above totals/and all similar
figures for; that matter, it should be made clear that they
represent only bond issues sold by States and jmunicipat
(Continued on page 508)
$12,803,490, working capital
22,500,000 Public Service Co. of Oklahoma l«t mortgage bonds, series
.
j7,.v
was
.
!
-
additional, capital
a
municipal financing
,)..7
,
.
-thap $173,983#"
$100)7 (refunding
$12,196,510).
'*
.
-
less
(par
'
■;
no
I pectations. ilh; this> period/ sales amounted to $82,1^5,838,
all but $2,587,400 of which was for new construction pur¬
.
tive
was
close in August last year, it was not until the closing
of December that the volume and character ceC
a
cumula-
(refunding)/ ;7
sinking fund deben-"
Light Co. 3ft
tures/;due 1965 (refunding).
25;982,000 New York Connecting RR. 1st mortgage 214 ft bonds, series
7rvV/.'
B, due Oct, 171975 (refunding)/ :/ ■ 47 •###'■/■'vX#--##/:-:'25,000,000 Commercial Credit Co. 250,000 shares of 3.60ft cumula.-.
t
t
month
$100)
...
/
to
71945
■
[
clearly evidenced the tin,-g
.
7/'////"l-'7/ A 2ftft., due July 1, 1975 (refunding), ;77/7, 77: 77/7.x-x ; .,
20,000,000 Standard Oil (Ohio)
i .10,862,100 Crown
200,000 shares 3%%' 'cumul, prefv7
Zellerbach Corp. 176,552 shares of $4 cumulative
.stock, series A of $100 par (refunding £14,972.805, pre'777x7 77 7
2nd preferred stock (no par) (refunding).7
7;/: /x.,x.-/ ;/-;
payment of notes $4,163,975, general funds $863,220);
17,000,000 National Supply Co. 170,000 shares, of > 4ft ft-; cumulative
J,
716,500,000 Continental Baking-Co. 20-year .3%. debentures, due July 1 :l7%;'
preferred stock, (par $100) (refunding).
v '
k-.
1, 1965 (prepay serial notes $15,175,000 general corporate
16,000,000 Northern Natural Gas Co. 2% ft debentures, due 1956-1965
$1.325.0001.
•:
:7
*. | (refunding $7,000,000. construction of additional property
and facilities $9,000,000).
/ '7
' 7
7,
f,;
v16,200,000 (E. R.) Squibb & Sons 150.000 shares of $4 cumulative
preferred stock of no par value (refunding $10,632,395,
15,000,000 Connecticut Light & Power Co. 1st and refunding mort¬
-
years
-,w
mortgage
.
:
subsequent
Port of New York Authority.
■
1st
■
,
.-
,
22A'7o
.
:
cumul.
preferred stock
>,;7-..
■
any
r"-
"
[
.
v.
*■
;
Shares
'
31,873,000 Pennsylvania Ohio & Detroit RR. 1st and refunding mortr
/
gage 2To ft" bonds, series E, due Oct. 1, 1975 (refunding)#
28,850,000 Dayton Power & Light Co./-1st mortgage bonds, 2ftft /
■
debentures, due June 1,
250,000
*7 Awards in
March when the volume
of
(refunding).
States, Power. Co. ,2ft.ft. .1st-mortgage bonds,
series,due Oct. 1, 1975 (refunding).
Southwestern Bell Telephone Co. 40-year 2ft ft debentures
due Qct. 1, 1985- (refunding),
' 7
'
'
' .♦
Chicago Burlington &
Quincy RR.
1st and
refunding
mortgage 3'/aft bonds, series, of 1985 (refunding),
Sinclair Oil Corp.-10-year 1ft ft serial notes, due 19511955.
(Purpose, refunding $24,050,786, working, .capital
$25,949,214.)
7
Pacific Gas & Electric Co. 1st and refunding mortgage
bonds/ series N 3ft, due Dec. J, 197,7 (refunding). I;/ '
7
Cincinnati Gas & Electric Co. 1st mortgage bonds, 2ftft
series, due ,1975 (refunding).
Terminal RR. Association of St. Louis refunding .and. im¬
provement mortgage 2ft ft bonds, series D, due Oct. 1,
1985 (refunding).
Celanese Corp. of America 3ft debentures, due Oct. 1, 1965
;/series, due 1975
'
i
capital, etc. $13,000,000).
.
J
•' A
N.CM5. 25,000,000 Union OH Co. of
I.
-
approxiniately
.yield
(refunding).
payt increased
!
■
A
in
36,193,057 Crown Zellerbach Corp. 353,103 shares of,$4.20 cumulative
preferred stock (no par): (refunding).
.
I >
'
.7.
-■
td
;
.
r-
Power
1975 (refunding)/
|' -1
.
,..
7
,
payment
(Purpose;
;
finance
to
corporate purposes).^ .
| ;
40,000,000 Kansas Citv Southern Ry. 1st mortgage 30-year 4ft bonds,
series A, due October,
1975
(refunding).
x/vft 7/'ft#;
40,000,000 Montana Power Co. 1st mortgage bonds, 2% ft series, 'due
.
-
par
77
up -to
$121,231,497, largely in consequence of the placement ckC
a $75,000,000 issue by the City of New York.
Ana/in
-
pur-
i at $18
<
cumulative' preferred: stock of. $100
capital
funds),'
shares of Aft
p i Thus the sales in January, for example, footed
(Purpose,
,
(refunding
stock
a share up to Dec., 30, 1947 (repay bank loans,1
capital expenditures, ; etc.); '
*
39,000,000 Texas; & Pacific Ry. gen. & ref. mfge. 3"a % bonds, senies
,«
general
100,000
throughout the recent year,-despite /the > substantially
larger aggregate of financing in that period.
For as the
,
-■
45,000,000 Southern Bell Telephone & Telegraph Co;-'23A'% deben¬
tures, due ) Aug.11; 1985 *( refunding);
'
^ •
43,930,112 Pan American Airways- Corp. 2.043,261 units
consisting:
"
'•V
(R.
stock,- 3.60(i,
i
19,70
1st and
Texas,
on municipal financ¬
ing, the totals for the respective periods having been
follows: 1942, $523,704,607; 1943,
$435,223,191; 1944, $638,909,818.
Nor was its incidence materially less in degree
'( 7
-
.
49,000,000
,
'
;
series due l973
75,000,000 Northern
.-
.
used
OCTOBER
•
1965
par)*
(no
were
volume :of business.)
.Co. 1st.mtge. pipe)ir>e. bonds, 2T«%
(refunding).
v
".-i (U\Ct
tttt
llruw
iirU:
1
21,000,000 United-Rexall
Dreg, :Co. : Yjo
20-yearQ]^j-j'y|
■
funding).
1 1
1
J '16,000,000 Crown Cark 4- Se4l' Co., Inc. 3l/e% * 15-year sinking -fund
;
debentures,^duA^unejT;' 1961 (refunding^
v! - -1
-
|
additional
Co.,
activity^
vertible income debentures,' due Sept. 71,.: I960;
'
•
,
.
& -Light
.
$93,000,000 Pennsylvania
due
.■
(no par)./ (Purpose/,refunding: $5;299,400;7
,
—
series,
-■
1
'
m
30,000,000 Cities. Service
,
(provide
par
Power
fluence of World War II conditions
cumulative pre^
purchase of .aircraft and other necessary operating ;propr
erty.etc.)
'
t
10,000,000 l»»bli**w Indoatries. Jne. 100,000 shakes of $4.75^cumur
debentures, due^^1965. (Future
development .of business, t
lfl.OOO.OOd Texas; Electric tSerrice Co. lst mtge. 2:W <■ series > bonds,
"*>'
c-f duevT9755 <refdnding)i I
J
J. j'-j,
"
:i'
:
Central
>
cumu-
par
stock- of $10
■>
■
,
Power
-
*■ f
, construction of plants, working capital, etc., $11,296,986.)
record shows, approximately $300,000,000 of the |1&4£
77 13,062,500 Crown Cork A Seal Co., Inc., 275,000 shares of $2 cumul.:/
preferred stock tno par). .(Purpose, refunding :$1Q,531,250|,
output of. $794,740;667^^ 7wa$ ^oneentrafedwiri /th^ ttw?\
,
construction and expansion $2,531,250.),
;
j
-months of January and , March, when '
borrowings^it10,000,000 General Milla, Inc. -100,000 shares :of 5%ft cumulative,
,tained- proportions that: sharply belied 'the avera
convertible preferred stock (par $100»f
(Purpose/finance
future "plant expansions; etc.)
.7 •
-■ '-**•
'
:iDpnth^y) degree; yt
.
^
^
7. 10.000,000 Pennsylvania Central
Airlines Carp. 15-year 3ft ft con-
Brothersj
pi-eferred slock,
.funding).
39,500,000 Deere;*-C». .2B-year
,
of the
1
(
(refunding,
24,000,000 New Yerk
;
7:
$794,740,667, this being the largest: total achieved in
'
*
Inc., 16-year 3r/a .sinking fund deben$18,000,000; post-war. capital expendlturo?, $7,000,000). ••
!
•
'
j
!
*
■
'
tures
*
'•»
,
.
'
Municipal Financing' for ;1945
:, V,v
>7
71 For # the calendar year 1945, the Tecord reveals thai
borrowings by States and municipalities, aggregate J
shares:/of common stock
.of machinery, ; equipment,
#
7
general ;corporate purposes, -etc/) 7 {■" 77
i
7 7
'7
716,596",386xArmstrong Cork Co. 161,522 shares of $3.757 cumulative
of $3.75
cumulative preferred stock of no par value
(refunding),
26,600,000 Texaa Fewer 4fc* Light Co. l3t mtge, bonds, 2'J.*Vo series,
due 1975- (refunding).
-
';;X' "777
;vJ'^ 71;/ '
17,000,000 Kaiser-Frazer Corp.f 1,700,000
*'«
i (par $1). ^Purpose, purchase
4-
f'
*
j- ,r-
--
)
,
*
390,000 shares
Ce.,
*
#"10,000,000
;
'
♦
"
-
DECEMBER
/i 12,000,000 Insurance Co. of North America 300,000 shares of
due Oct* 1,'1990 t(rtefunding),
♦
1
»
7
55,000,000 Northern Pacific Ry, collateral 4ft'ft bonds due Sept. l;
1975; Creffinding):
\j
50,000,000 Southern Pacific RR. 334ft 1st mortgage bonds, series B,
.due Jan. 1, 1986 (refunding). •
;
50,000,000 Souihern Pacific RR. 33ft ft 1st mortgage bonds, series/Cj
due Jan. 1, 1996 (refunding).
'
18,000,000 Public' Service Co. of Indiana, Inc. '1st hiortgage bonds,
; series F, 3Yaft.due; Sept, 1,-1975> (refunding), 73
,
Goodrich Co. 1st mtge. bonds, '23/<r/o series, due
(refunding,' $26,500,720; plant expansion*' etc., $8,-
,
31,500,000 ,Tide
series,
'
f
due Jan. 1, 1961 (refunding).
20,000,000?Allied Stores Corp.: 200,000 shares of 4ft
ferred stock (par $1007 (refunding). "
;
35,000,000 (B. -F.)
"
■
-
..
.
& Light Co. 1st mortgage bonds, 3ft ft 7
series/ dud 1975 (refunding),s-;.v t
:';;x77-'7-i
25,000,000 Southern Pacific RR. 2%ft 1st mortgage bonds, series A,
1
a..v.-•-•490,289^; }..piv-vV-Vc, r;..i i
35,000,000 Teuncssee Gas &
TranRmls^f n Co. lst mtge. pipe; line
bonds, 3'/<- series, due. 1965 (refunding) i
»
■
n
>
.
,
13,000,000 Pacific Gas & Electric Co. 1st and refunding mqrtgagp
^.bonds, series O 3ft, due Dec. 1/1975/(reimburse treasury
'##7^'77'^;-an^ capital ■.expenditures),
: x_J:■'
;
1965
-
*
*
:
program).
it'"
j "6,000,000 Minnesota Power
,
;
:
due
maturing
,
(refunding).
1
;
52,981,000. Pennsylvahia^RB^ ^dneralm^ge; ^series G <3.% bonds, due
1985 (refunding)-.
,
•
'
•
j .
»
50,000,000 (Joseph E.) Seagram & Sons, Inc.--20-year 3l&% deben.v
I'.K' "!/ tures, ?due 1965 (refunding, $8,650,000; pay bank notes,
V-.'-vV';." =
•
$7,500,000; working capital. $33,850,000).
;
bonds,
bonds,
$75,000,000 Paciflo Telephone A Telegraph Co. 40-year 2.ftft deben7' -' 7/ tures,'due Dec. 1, 1985 (refunding $58,806,030, pay note
,7
7 advances, reimburse treasury for uncapitallzed expendlti :#/ • 7 tures,; etc.,; $16,193,970).
.,77/ - 7' '" >
56,929,000 Buffalo-Niagara Electrle Corp. 1st; mortgage bonds, 2% %
series, juuc 1975 hsjhihiuio), ,y 7'"'--' (
due
(refunding).
/j
r
V/-'
"
'■
50,000,000 National Dairy Products Corp. 2ftft debentures, due 1970
(refunding), -'v,
/.:>-^7,77 \-7.7 .
-77':.::.;//■.. '■ *-■
7
49,765,000 Chicago Burlington & Quincy RR. (lst "and refunding
mortgage series of 1970, 27e ft bonds, due Aug. 1, 1070
;
(refunding).
;
7
j
;
... ■
.
£ 30,000,000 Transcontinental
Western^ Air, Inc. 3 ft sinking
,
59,000,000 Virginia Eleetrici A-; Power
:
mortgage
,
77;
•
'
:
(expansion
1st
i
,
»
;
MAY
i
mortgage
v
I 81,602,000 Union Pacific-RR. refunding mortgage 3ft bonds, series B,7
fund' debentures/ due < April 1, 1965 (retire bank -loansr
$10,900,000,'working capita),'$4,100,000.),' ' ' ' % ' 5 ""\*
Illinois
Electric
&
Gas k|Co.
1st mtge. bonds,
3^ series, due, 1975 (refunding).
-
,,
2ft
Cerp.
^
'.4
due 4975'(refunding).
sinking
-
1st
.
3'/eft,, bonds,
$1*0,000,000 American Telephone «fc Telegraph Co. 30-ycar 2%ft de-!
bentures, due Oct. .1, 1975' (refunding).
113,825,000 Consumers Power -Co. 1st mortgage bonds, 2ftft series,/
,v 14,000,000 Central
'•
2ftft
(refunding).
]
fund
$8,968,000,' general
$16,032,000),
companies.)
Corp.
SEPTEMBER
;
sinking
15,525,000 May. Department' Stores'[§, Co., ^50.000 shares Of $3,75
'%> t;
—
cumul. preference stock of no par (general corporate
purposes)I f15,000,000 Pan > American .Petroleum M Transport Co, 2%Vc-
.
»
1965
poses,
i
Cyanamid
'/7.
"
,
■
25,000,000 Amertqan
constituent
.
RFC,.
'";7
15,000,000; (W. T.1) -Grant Co. 150,000 shares 33ftft cumulative pref-7;
i
erence; stock of $100 par
or
(refunding $7,674,332, working'
p
; capital $7,325,668).
)0 shares 4ft ft cumulative
pref-#
fun$)
77 '<{>
erence stock of $100 par (refunding $9,178,290, working
debentures'ji due June
4956 -(equipment).;
7/7.'x;'///capital $821,710). •
*
25,000,000 Wilson & Co., Inc. 250,000 shares of $4.25
cumulative
I.O.OQO.OQO
J.), Newberry Co. 100,000 shares 33'<.ft.cumulative pre-'
v,: >> »
' preferred stock of n<^. par .value (refunding),
ferred'stock of $100 par (refunding $6,493,938, expansion,
17 22,000,000 RKO Theatres, Inc. 3ft debentures, -due 1966 (refunding),
i ; ©to., '$3,506,062). *
' *
777*
77 47,700,000 Nov York Central RR. lft-ft: equipment trust certificates,
'; ; f
f 1 • ' '
i
' ! i J 1 * *
; 'i i K H
x/xiMe>annviaUy 1947-56 (equipment):
|
;'7
.
40,006,000 Erie? RR. 8*ift/-flst consol. mtge.' bonds, series G, due ;
Jan«-l> ^0OO ^refunding), ^ 77
33,900,000 Erie; R1L> S^&ft lst> consol. - mtge. < bonds, series F, due
...
V.v
Man;1990 ^refunding).-;
J.' i ' 4
„
$6,089,000;Ohlo-> Edison ^Co.i 1st mtge. bonds,
'series of J946,.
*
1975
7'-
:;7 i
;
5,000,000 Bangor Hydro-Electric Co, 1st mortgage bonds,. 3ft
fJue 1975 (refunding).
,
due
1948-1957
7
;>
/ 17,000,000 Johns-Manville Corp. 170,000 shares 3 ft ft I cuhiulative;
7-« 7 , j preference-stock of $100- par. (improvements and expan-:
.7 777773;77 r-=x ^sjon)/ 7-7 7'
'
-
,
,
44,000,000 Tennessee; Ga«j &• Transmission -Co. collateral trust -4ft
: ' '
notes, -due Oct. 11, 1945 (purchase of 1st intge. 4 ft' notes
,
7 T' corporate
•
1958-1965
37,500,000 Great Northern Railway general mortgage 3 Yt ft: bonds,;
777.7: series C, due Jan. 1,72000 (refunding). 1
>
7 ,7"
f
•
25,000,000 Southern New England Telephone Co."-2%% 35-year de-7
!
•
1
bentures; due 1980 (refunding)-.
.
*
22,000,000 Monongahela Power C®r 1st mortgage bonds, 3ft. 'series,*
;
54,000,000 Chicago A North Western Ry. 1st mtge. bonds, series, B,
3%, due Jan.. 1, 1989 (refunding).
50,000,000 New-' York Power A I Light Corp.-' ^st mtge.i bond's,,' 2%%
y
,
•
$4
Inc.
23i ft
sinking fund debentures,
(refunding $19,824,000, repay bank loans,
purposes $2,176,000).
'
:;
,16,000,000 Kimberly-Clark
, series
.
due iMay '1,*
of
*
37,500,000 Great
7 77 7 '. ;
shares
.
40,000,000 Liggett
facilities).,
;
'
NOVEMBER
10,000,000 Klmberly*-01ark
Gas & Fuel, Associates 1st mtge. and collateral
trust bonds, 3Va ft' series, due 1965 (refunding). f • ;
& Myers Tobacco Co. 2%ft sinking fund deben-
,:4-U7-
,
-
due 1965
'■' 7'CV;''
fund bonds,
7"-'-)'
Inc. <4.00,000
Pacific Ry.
2ft
equipment trust certificates,
j series H, 1945 (refunding).,
.7-'-: ' / '
15,303,684 Aviation Corp. 300,000 shares of $2.23 cumulative Con*:-yW vertible preferred stock (no par). (Purpose, acquisition .of >
debentures,
5"S
40,000,000 Eastern
(
'10,000,000 Panhandle Eastern Pipe Line Co. 20-year 1st mtge. and
1
1st lien 23Aft series D bonds (expansion of transmission
/
7 7."•'
50,000,000 Republic
7
7 - series of
-
Co.
-
Oil
$60,000,000 Sinclair
RR,
■ •/;* T /
)»'*, 7
;*-}
115-year serial 7 (2ft-3ft) J loan,
(refunding $5,700,000,. plant expansion $4,300,000):
;
.
10,000,000 National
'
7.;
control of
Series
of
bonds,
20,000,000 Canadian
.
77s'
AUGUST
cumulative
''1
bonds,
purchase
3ftft
I960
.
-
A
mortgage
(refunding).
1975
1.
1st
Rand,
>77 77:;i777// due Nov. 1,
,
preferred stock (refunding).
10,000,000 Boston 1- Maine RR. 4%
1st
basis
permanent
Co.
Products,
;/7 //.'/./x: ' :r 77 7
$22,000,000 Remington
,
15,000,000 Marshall Field
on
Service
\"cumulative preferred stock (no par) (refunding $3,864,250,
■7ft?./;)-,";: expansion, working capital, etc., $6,535,750).
;
-
•
finance
Water
series C,
.
,
*■
and
notes
,
7
.
constituent, company).
,
V 10,400,000 Sylvania
.
.
.
11,282,000 California
'7:#ft#'y/i?
1;'!
;/
stock
Co.
lateral trust bonds, 234ft, due 1975 (retirement of promis¬
sory
\
,
.
common
V*
sinking- fund mortgage
1970 .(refunding $10,073,700,
reduce bank loans $1,694,000,
general corporate purposes
-$1,232,300).
'
7
<
43,000,000 Union Electric Co, of Missouri 1st mortgage and col;
series,
fv, .due 1970
(refunding)/.. ;
7 j..'.7,-j 7...'7 ,-77.'.
13,000,000 Champion Paper & Fibre Co. 3ft debentures, due July
,,7.;.
«
15, 1965 (refunding),; 7,7
7;7 A„7.7- •'.'■x/:;,.
1■
12,500,000 Colgate-Palmolive-Peet Co. 325,000' shares, of $3*,a pre#
iI/ Z'/MARCH 7..# yX\/■&;|
77;-::'77,:;S; ; ferred stock;of no par value (refunding)., 7
100,000,000 Commonwealth Edison, Co. 3ft bpnd?, due April'£ 198$:
7
12,500,000 Sterling Drug, Inc. 125,000 shares, 3('2ft
cumul.
fi\',;N>vir:\^:A^,"':,,>u:;,V(refunding>.^-J:;:',''' 7 '"'7:'/■/'# '7//7v7;; // //v/: ///'-/i'#'
7:
pref.
;;fe':7|:7".stock of $100 par (repay bank loan $9,500,000, working
V 80,000,000 Pacific Gas
& Electric Co. 1st & ref. mtge. 3ft bonds,
v
7 ;
capital $3,000,000). >
////'/A;/##/series M, due Dec. 1, 1979 (refunding)*
'
\
7/7: Z1#:#
f
10,500,000 Champion Paper & Fibre Co. 100,000 shares of $4Va
24,000,000 Wheeling Steel Corp. 1st mtge. sinking fund 3 ft ft bonds,
series C, due March 1; 1970 (refunding)#/.
#7#i7:: 7 7 • ' ' ; ' cumul. pfd; stock of no par value (refunding).
10,290,000 Pennsylvania
RR. -1% ft ;:oquipJ trust
19,000,000 Laclede Gas Light Co.;,1st mtge. bonds, 3 Mi ft j series, due
ctfs.,
series
I,
1965 (refunding)j
7,:t'7:'--,>;v»/'V---due 1946-1960 (purchase of equipment).
•
I j .
H
'
1 , u
.i
40,000,000 Skelly ; Oll Co. 20-year 23/4ft debentures, due July' 1,
15,375,000' Continental Can Co.,' Inc., 150,000 shares of 43.75 cu'mu1
;
7-1965 (refunding).;
4
«
>
(7 •
-jy';;
;
lative preferred stock (no par)
(general corporate pur/7#xj7-7,<-77/-■; poses).''
,..i
x
7
>/,' 7
7 {",}>* >. ft",-/':'xV'Axx
p!
.
17,
(par $1) (refunding).
13,000,000 Lehigh Coal & Navigation
bonds, 3'a ft series A, due
.
shares
preferred stock of $100 par (refunding).
13,855,000 Washington Gas Light Co. ref. mtge.■ bonds, jftft
cumul.
:
,
,
50$
-3ft bonds, series K, due 1980 (refunding).
7
15,000,000 St. Regis Paper Co. 20-year 3ft debs., due July 1.
i(working capital and expansion).
gage
the
#; In
and the twelve months'
for the
1965
,:'V"
•,lr '
7/7:7: xyy////-/
tables on the
the December
figures with those
corresponding periods in the four
years preceding, thus affording a five
year comparison.
-
7 ;,s;
rx-xv;
comprehensive
next two pages we compare
7:-y//1. -- •
.
•.
■- -
^
Total
Total
139,06417 4,620 61,25742 24,9159
14,3&20 5,0 0 18,3045 1,36807
.$
,•
5,0 ,0
27,450 40,5320 31,50 3,85765 5,0 0 5,930, 0 14,3920
$
~
f-
—
:
1,6 2,50
5,0 0
v>
3i
19,672417 27,450 47,19450 49,35 917 3,650 5,0 ,0 5,930, 0 139,06417
18,09 17
:
ZZ".
W
:
z
■7
■
7
—
"■
' ;.
757,2850 '7-. 7-:— '-7^ Z,Z"Zi-'|j -:"7—.,-T„1M r'-z71[-■.:.7 7a'f"ZV.>7;--".;
57930", 0
|5W:7,1095 >5,0 0 7W.—-i;: -;—'Z 7A-Z'; <'7-:—.3 1':*4; —jU «w- 5,0 ,0
1,7 9,054
,7
7 7."
.1941
59,06154 25,10 0 18,43 518
Refundi g 57,28 50 1,73405* 754 ,0
-194
tir
Capit l 57,lu950 5,0 ,0 16,570296 1,32,067
74,01 0 50 , 0 179 5,0
5,0 ,0
19,520 42,83024
76,54 0 50,9650 18,39 08
•
New
Total
$
-
'
Capit l $%Z■ 12,7401
33RCeafupnditgl.527,40—98 15,489720 ,850
104501,,6739,24175882 SIUtanpirelavsdca.etedly
Total
New $ 043,0 68,950
Total
129, 35 Edmont ,
Zz-
.$
4
Cand
Refundi g 76,05 0 3,67565 2,84 0
—I943: s
••-
Capit l
4,20372
Refundi g V•- 15,04 52 80 ,0
$
a
—1941
A"-IZikT.u; "
••-fi*
';•->.
•.
..
:•
c.
3,950^ 0 63.142,0
1,9750
1
s.imZoq
320, 0
'-
".
A~
"'
58,49 0 2,659,0
Z/'•:Z;-
•-
A
320, 0
5"*Z'•-V^ -rm"*'ZA *—•-~z"
-ZJ
;-•a":'."i
-
7*
z
v-J
12,74 01
'7 -
7:Z
Z>Z^
6.475,0 :
1,975,0 boo93, 50i, 4,29 01
7.:UZ',^l;7.
—
A;: v;
-
—
;
■:
.
'—
5740 ,0
85,03850
-vZr•.^'7
.
-
12,3672 4,03,0 . 71.843,50 Z*.-- 18,79 482. 1,0,0 1,50,0 " ~79,290
Z.
-v. 77'
-
a. *
v-i
7,
:;s,-L
7"i-.
"
Z'-r'-V
c
A-
" -T -
6.5^:,30
.
-
yr-.■_
-, zZa
>•
-,r
71,543 0 Z—r-; 107485,0 1,0,0
"o-
76,05 •-,v.V-^~*j'7 "7:- 7;",-4'<Z"7., ~.7
i1'VZ^v
Z>r'';Z^7v-
w
,
^
*Z7T
a
8,43 ,0
'
:-o'%
77
-v
"""
'
5,803,7 2
-■
4.03,0
.
4,150, 0 1,60 , 0
129,50
A-"Zzr. *vyz<a■m>";'T: v;.
7s•?.
*y,m
*-7{.
-
'
**■
y
•
*.
:\•"\r
;
J?
>
AS.
-$#:■
A...;
a
•;-7
42,0 0 16,0 0 if— 35Tl79,052 1.60,0 21,52,0
7-: 80,0
,
■
5oZl3£K47 1,60765 ^*^VZ'7-cZ..;'z 2?:5"6Z 5
6,38 ,437 42,O . O 17.50, 0
7
"15,0452 ; ?Tvj-r". yym j•.v*!"? 1^80^0
■fri":
.
80 ,0 0
80 ,90
83lM8^ 1,50 , 0 " 79.79 2 0.
30 ,0 0
t!
1.1
1
lli
-vi
CNOOGRRPEUFAWPTIE
*
4,03,0 30 ,0 0
Refundi g $ 42,0 0 16,0 0
6,38 ,437
Capitl
$
7
50 ,0 0
50 ,0
7
:
■'
501,3498 t2,039 0 254780, 82,19583 840,1936
—
-
Z
ji
14,0598 'Z*-7 . -"*•<!. >/.•- c: V7•"?>';-■.T7^2•-7*,\ Z""■>•-.*. ^-v.Z'T 7%*;7-,.
New
New
2,6 3,472
"
1
:
Total
Capitl 14,05948
Total
'Xy;
179 5,0
17,893 6 27,450 8,9310. ■: 32.4 Z763 5,0 ,0 05^930]0
Z
61,328.9 /7'-VZ7-~S'v.
New
r;;
Total
-194
j2-—:Z.
-50, 0
^
59,06154
r*-1
FCGFttoOfevphbrdalringogmamnys-c.y YODEMITFAVCSIURSTHNASBNHIERED
FEDYOMLIFTVFOABAINHRAURCSMRCNPDG
New
'
—
'-./ 7-vr
Refundi g
—1943
'-
1^;
SsA:
11.
of
Capitl
r/-A'- '7
:-X
■
7TZ
•
''r-
'
7'4,01 A4—: '],■■-.;x^_i 560^
Z
"54NTRCoeefatuwapndiltigl«$$•3,935,095065184,,22*99001 716,45979,5000., "323020,,
Refundi g 61,32890
8,4^30 1,60 0
■
1
$
$
Z-'Z'Z
:*7
Z 50 ,0 0
'
New
%375^131,4,00 I,4~12&S873Z6265
—■
";'C;.w
''
-
-A>V
•
•
-
A
V
"7'7:*77
'.7-
■
16,92514 3,85,0
v 38,0140
-
-—7. Z^
7
'*
-1942
•'-*I■
"T'-
'7Z7.
'•
>
—■
*
Total
.389,450 -?y
V. v»-7l
'7-'v ■ •.7-. •ji- , \-•>. **
'-77-
•.
•
■
-'7
V.
*'~f
-a?
:
*
-
r
'"*z-
t
1:7
14^59,385
3,975,0
":-A'
A
AAA
7
2,65(^0 85.4 ,28
1 ,84918 72,9150 197,8435 -Z. 142,3045
-
'7
•
7-
Z".Zz-,7.'Zzr_
'
z'v-^v
1,50 0
-
z
i»
'rZ
GFOCOVERREPNMIGNATT,, notes— stockIZ Z - - stockZ- bSfumatounnicpdelyitdesss
DECMBR Z , agencis fJ•■'>:;.r — „.— manufctrig hoeldtcin.g, N7otes—, — ; I manufctrig— hoeldtcin.g, Zzr ; - 1— _ manufctrig hoeldtcin.g, 7;Z , . manufctrig.— .— holding,'-etc.
>Z AZ
Refundi g 281,59603 51,3^70 4,082^1
$
-1945
Capitl v.Vaz 107,28970 13,084^90 40,6895
$
31,10
37,0491 .2,039 254,0 2,58740 596,1723
568,90
2,63,472
•?
164,29387
New
75,0 0
SOUM AFRY
«fcK*4?ra
ym jM7/":; Z-.J.T'*>
"^sJi;7Tv 9n'~r J.:r, 5,40, 0
~r■
*3*
Capitl 17,0 0 31,62870
$
:S107,85 0
New
|
;
29,13489
21,79 28 ||356,4 17 23,150
Z-,;V
jrp
95,01^46. ZA:.; '-\i
-
;
,
i
7
5,413781 49,7650 16,21465
^
.
:i.
>31,62870
7>
;_V.-
-■.
25,1250
7846,349. 02,650, 0 7.60,291 8
'.
•"■ . " -
.
notes Z notes &c include 7DECMBR:"•-.,NBooteans—ds *utiles eccoopal,,manufctres— oriesindausntrdl bueildtcng.s, itradi.tnrugs,, Boands utileseccootpal,,manufctres—'io : inadunstrdl beuildtncgs, ttrraudsing,,Miscelanous. A''-. :; u:tiles eccootpal,,manufctres oi—:indausntrdl beuiltdcng.s, ttrraudsing,, Zv:z.£. uti-les ecctoop._all,,manufctres oi indausntrdl bueildtncgs, ttrraudsing,, sceocrupritate
Domestic— b<>anndds ohrt-emPref red stock Candi — tobnyo-tnardmnsdShort-emPrefsrtoecdk—Comstoocnk foreign— Lobnog-antendrmsdShort-em_Pref red stock coroartep CaGnovedrian foregoviegrnnm tLGoaanvnd,Municpacl—itSet ses,S,Potaeisn to al fdignurooest
OFC„po»°lTH
Com on
281,6730
W
ACHANRDTE
79,60843 243,976 25
Refundi g 49,7650 145,27130
$
-1945
Otber
5
Com on
Grand
otal
T
Other ®J'ni
*
United
•These
OF
MONTH
' Long-TermRai:lroads ste l,Equipment and
i
M
r
Public Iron, Motors Other Land,
Oil
—1 Miscelanous Short-Tem ste l, Equipment and
Ship ingInvestmn
Total
Public Iron, Motors Other Land,
Ship ing Investm n
Total
Stocks—.Railroad_s7 Public Irsoten,l, Equipment Maotnodrs
Investmn Miscelanous Total—-;•> Railroads ste l, Equipment and
Total
Other Land,
Public Iron, Motors Other Land,
Investmn Miscelanous
Total
Total
U.
2,76;54 0 43,12950 219, 8275 79,0127
Rcfundi g 1,4 5362 18, 1965
-194
1,9603 5,49 1 oobligatfons
•
>&C
125,34 86
7.
4,0 ,0 69,10 43,509
rT./ :
Refundig
:
1,270 518,*273 5v0,
421,875
"Total 908,42 350 4,70 . 0 10,5840 18. 7,643
Refundi g 405,96280 1,50.0 7,58 24 3,053,46
xl
421,875
Capitl 502,9607 3,20,0 1G2,57084 15,764197
$
New
\
-1943
9 0, 0
5,241,965 18, 1965
1,4 5362 5,0 7,0 0 150,
548,20 523,7046 L_
12,41560,i7482653043776.0
i-
i
'*■
-
*•.
Refundi g ,^874561 15,0 0 75,62 035 6,416,80 18,0 0
/••
^126,8976 13,205 © 983,2075 69,40 0 3,498,0 16,27428 84,650 34,580 4,60 0
V'.
'•
2,50,0 2,0.0
;
"•
-
...
v';
■
'
64,59605 15,0 0 2,53,20 10,2 875 129,37 26 48,59 80 467,156 4,70,0 3,0 ,0 36,90 65 145,0 5,76,50 9~575 2,53,20 28, 0875
4,70 , 0 37,2456
''• .
62,53086
18.379,827 172,93 780 25,071 0 39,04 70 9,850, 0 3,40, 0 23^1o7§46 56,3190 1,203,0 10,4 0 250, 0 96,*48796
, "j:#
V;.;
^
9575 5
48,59 80 429,30 4.70.0 3,0 ,0 2697834,0 128,30 5,76 50 18,20*57 908,42 350 '• .
-
17,258035 24, 753 25,70 890 128,59063
•->,.
H
Total
~~
y.V-'
:<V:A
-v^:.
i
v,
Brunswick
-1942
New
Refundi g 15,4 850 306,1970 2.0.0 57,642 0 19,25 0 3,752 0
40 ,0 0
405,9^280 ■;':
1,50 ,-0
50 ,0 1,0 ,0
-
.
Capit l $ 3,140 123,8021 2.50.0 3,0 ,0 2179,360 108,37450 2,015,0 ~957O5O 17^80* 0 502,9607 *-.■
New
.
.
'
:.•-X%:;/
f
61,78 95 ;,150 0 '2,53,20 6,02 875. 18,7569 3,140 157,29 176 2,50,0 3,0 0 275,910 5 124,57 0 2,015,0 957 5 2,53,20 23,80 75
2,0 ,0 1,20 , 0 /V'., r^',.-A ' 3,20 , 0 3,48196
'
^
'
4, 0 , 0
4,0 ,0 10,64 970 15,4 850 309,83490 61,09 10 20,95 0 3,752,0
2,0 0
2,87,270
3,76 0
of
107,80 342, 031
r~
n
■
,
-
;
16,2048,86303
84,2750 38,0 0 130,7 98 43,079643 20,5 0
222,,,1689543:.0963683 iU{SInptncallaiucedesedds.
40,6 0 18,2649 1,039654
108,635 17,50641
v
New
$
Total
U;
/..
250, 0
Capit l 25,071 0 36,9810 9,40,0 3,40, 0 10479T,83 56,3190 1,203,0 10,4 0 60,8517 5 865,01468 6,3-0 450,0 179,50
New
-1942
/
107, 50 874,2570 62.40 0 3,4980 142751*,07 84,65 0 34,580 4,60 0 57,28 95
-194
Capit l 865,01468 24, 753 93,8589 79,053891
-
;
18,379827 29,1 546 365,27 0 1,38297.145 79,250 6,938,0 39,*57^ 4 140,975 0 35,7610 5,0 0 250, 0 15970 827
43,12950 134,8 245 146,3547
'-.•v,;
2,50 .
:
5?
i."
•
847,380
329,50
359,760 1,24 .90 71.80, 6,938.0 2467 2,80 140,9750 35,7610 5,0 0 250, 18,405 2,7654 0 5,0 7,350, 0 7,450
Total
4,0 ,0 952,61 73 1,50 , 0
$
Tota-l1:
520, 0
152,4360 378,0250 13.250 28~450, 17,0 0 1,960 3,50, 0
v-:
$
90, 0 62,095 435,2 19
9,7 3,0
■
r,
37,0 0 '•
1,0 ,0
869,075
38,0 0 20,6 10 1,07.54
—
6,98795 4,329 0
14,08692
520, 0
173,90.631 152,4360 39,148.60 14,26754 460,85692 17,0 0 1,960 10,58795 14,2 90
;
r.
'
702,95786 90, 0 532, 60 259,48136
*".
Refundi g 91, 20 362,7450 10, 0 127,98571 1,84670 1.79375 605,4 071
$
-1943
50 ,0 0
,
15,0 0 17,68270 V;.■'-- 60,729 73 2,96,875 .1,3247; 82,04175 91, 20 380,95720 10, 0 203,658 4 178465 2,96,875 3,125,347
15,0 0
■
V.
•.
*y/X3S'i
YEARS ^1467,3025"22,68563^0078147,9/698.47845
FYEIVARS
Capit l $-. 261,37.429 2,50 5,08593 36, 2963 2,50, 0
37,82345 89,3 0 175,4135
F;26,1047895012663,840,59,278034516990532139EMSPFfGftdiraonoretmavbhmavcnldouirggntuiecepdclss.e*ysACUSEdlnb-nirs ISTFCUMEDNT3S1ONORIHAHPVI2CREERADS.
FGFLEDM3FATMO1INOVUEAOHNRCNCR2MRPD.SGLT,
New
■.
'
Total
■
2,591 4,0 13,50 410,63 40 10,23891 59,20.
3,1765831
'
7,490, 0
2,5049,83 12,035 418730, 40, 156
425, 0587 2,0 ,0 132,7 43 91,259863 21,0 0
$
New
S
Total
4,81 3,620 46,0 0 1,037,91 27,6142
45,60 0
Refundi g 4,217356 4,50 0 601,95 9 52,7 286 45,031 0
$
COFOORRPEFIGANT,
SUM ARY
Capit l $-1'T ,
New
r~
-•
593,6 04 1,90,90 428,76958 25,041958
568,90
4,0 ,0 2763,472 5,4 2,50
3,50 , 0
50,'
6,23871,53 150, 80
4,9521
'
276 3,472 5,4 2,50
.
1,26457983 governmt—.: 1,7659 byBrunswick,
GONREUPFWI
-
50 ,0 0 'W-.UV.
263, .429
:c;ir'-
V- ,
2,38,380 1,0 7, 54 '80,67 91 4,671:920 2,*96,43 91,748916 61,3240 18,9 380 4,267 54 520, 257,0(358 17,0 0 150, 0 8,21920 10,96 43
-
:V'r;'/:vS;
2,0 0
2,50 0/
;;v:•
:
■r'
'■
'
■
>
.
—
80543^02 5,70 0 24,150 1,50,0 12,57 0 2,651 74*0 10, 0 750, 0 • 2,80,0 .
612,70 1,2569 ,0 12,30
2 0, 0
Total
.j .*,
—
.
13,50 •;/ 12, 3"582 1,987,50 —-T 301,271 "'09,831 45,0 0 9,823,540 21,7638 51,854 31 62,70 1,37982,5 124,8750 2 0, 0 738,521 95,83 90 24,150 46,50 , 0 9,82375 o134, 8
J—.
'•
•
*
;
•-
.
™
-194-
750, 0
Refundi g 524,850 1,239 642 13,80 207,6 024 43,06714 24,150 59,106 2,0473,1 10, 0
>
2 0, 0
Capit l 87,9450 24,96358 8,50,0 27,58976 42,63853 i,~5ob7o 53^42 0 46,5087
Total
80 ,0
1,50 98, 6910 137,0914 45,0 0 6,816,375 £87,2 45 534,820 1,3 6452 13,80 345,67 14 43,06714 24,150 45,0 0 65,96 75
■;:v-'r•,
"
.S
7'.T
'
New
$
fi:'
;'-"i 2,0 ,0
$
93780, 794, 067 5,0 ,0
50,180 32,84350
917 0,
"y-
New
672,48693 14,820 234,9062 14,20
Capit l
-1945
Capit l
12,035 437150, 638,90 18 21,70 0
Refundi g 2,16 473,1 1,50 27,85 397 9, 64,028 38,20
$.<
-194
61,3240 15,308 0 3,250, 0 520, 0 - 154,2149 17,0 0 150, 0 3,5 0, 0 8,0 ,0
■.
1,5061,50 2,1487t—*3 204,750 2,740 3,0 ,0 576,83120 209, 0 21,90 35,0 0 13^0*2,0 14,50 4,86103 2 50,0 4,0 v-'i?! "40 ,0 0 crJ?-.-'Is "-Tr.
-
~
7
' r7
Refundi g 1,38 1,50 2,0658 2 197,03 0 347,26 4 153,80 76 20,590 26,509720 4732,0 60,35846
$
>•
t
:•••-
'•
.
~.:',y•
50 ,0 0
7,4,260876 4,0 .0
^
:
—-
—
4,50 0 80,30 154,02765 6,534,02 237,50 319,25 890 61,4 905 6,50,0 106,45 83 72654, 3 45 1,3846 0 2,6459 7 203,57 02 "237 5 5 6 ,526 14 215,42691 20,590 .3,0972 16,85347
5732^0
-
.
;
t
■ .-j.
Capit l
CAHANR DTE
New
40 ,0 0 "/
1".
*7
,
'
17,80 82,16 18 7,41,30 2,740, 0 3,0 ,0 29,570496 5,1924 1,461,0 8,490,280 8,70,0 84,19 536 60,749
sv
v'>!
v■.. J.■)
:
2 0, 0
87,9450 48,1603 10,48750 39,1765 ^2,71 53 i75o75 9782375 68,37193
24,03216
260,54968 1,3648,13 1,507691,80 2,371582,79 214, 721 2,740, 0 3,65 94 1,29683 305,68942 21,90 49,850926 13,02 0 406,59 68
:
.
:
9,823,540 14,9 7513
77:
v
'.j-v.-
-1945
*"
1,50 , 0 46,0 0 5,30, 0 178,3479 9,752, 71 30,65 94 719, 5143 96,289452 14,850926
'
;
~— 2,0 ,0 --^c: 23,16 72 1,987,50 163,97 81 0,13890
-.
"T*?
"
Vv-;
""■
1,50 , 0 1,90 , 0 5,40, 0 24,82014 3,218,269 30,9804 40,7352 8.350,926
745,83.
^
154,092785 61,948 123, 0 106,98312 10,6895 2,740 3,9804 630,5749 90,4671 1,461,0 16,84206 57700"0 0, 239,784321
;j,
6,238715.
14,2,96527183
MED3NOEN1TCHS. ■-., :>•> bonanontde-sds!; *stock stock boannontedsd—s. stock stock.- fo~reign•— tbonanode-dss Short-em stock corpate._.- Governm—t foreign Gaoagnevncdti,s •&Municpal—St.es,,SPosteaine-^s — iffndiugcnolubtooadrienesets MQNauneitobwbc., jNEDM3OEN1TCHS. NBoteoasn-—ds .l !u—tiles eccotopal,, :manufctres '—ories inmadaununsftcrdtrilg : beuildtc—ngs, httoreraludtscin.g,, 1— util—es: eccootparl,, mnuft :acesor-i.-. indmauansnuftrcdtrlig —„. bueiltdc.n—gs, ;- . tthrroaeulddstiicnngg.,,, 1 util es cecooptal,r, mnuf acesori indamuasnnturfidctlrig bueildtncgs, ttrhruaoedlsdtiincngg.,,, util es cc'>eoo?ptal,.r,manufces \-jo£rieinduamsannturficdtrlig- <7Iubeildtnc1g.s, I7 1 trtraduing,"shoMTe,cJ cosrepcuartiet
Prefsito.ck;d
NSBohtooear;stn/:--T—desm
12
DeCorp at— omestic— Long-term Short-em Pref red Com on Candi — Long-term Short-em Pref red Com on Other Long-term
Com on
Total
Can dian Other Loan
Farm
i
•
toal •These
Grand
United
Proovincfes
12
Long-Term Railroads Public Irsoten,l, Equipment Maontodrs
Other —,1 Land,
Oil
Ship ing Investmn Miscelanous
Total
'
ste l, Equipment ad
Public Iron, Motors Other Land, Rub er
.
Oil
Ship ing Investm n Miscelanous
Total
Stocks-
Railroads Public Irson,te l,Equipment Moatnords Other Land, Rub e—r Shi;p ing Investmn Miscelanous
Oil
Tota_l
Total-
Railroad_s Public Irsoten,l,Equipment Maotnords Other
Oil
Land, Rub er
Ship ing Investmn
Miscelanous
Total
CHRONICLE
THE COMMERCIAL & FINANCIAL
£>08
quently been re-sold by such
'bankers and dealers. ■ ■%%/
Moreover, the totals exclude
(in the market in consequence of
old bonds that reappear
portfolio sales by banks,
S
6,340,591
24,001,899
(April-/
.J'une
27,653,214
42,565,790
)25,794,500
36,599,032
12,153,140
24,742,561
16,669,200
20,870,566
138,984.200
159,854,766
22,982,808
8,471,200
31,454,008
3-'"M
446,135,026
98,251,398
.209,705,640
66,450,540
44,560,023
46,882,703
11,597,196
39,500,292
49,084,535
9,120,500
7,792,500
36,773,714
,50,358,290
,'i
218,409,026-
227,726,000^
31,248,000
9,461,000
August
September—
•October
N ovember____
—
Total
J
7,132,000:
2,587,400
252,488,141
65,224,292
6,585,487
18,336,816
10,449,582
5,364,190
10,080,800
21,410,060
15,444,300
49,492,261
28,167,487
20,530,382"
16,589,990
36,854,360
9,577,189
7,800,855
17,378,044
1945
: :
(September).
Grain
Malting
&
Dec.
(November).
Gimbel Brothers, Inc. 16-year 3%
Ginn
(P.
Glatfelter
H.)
Gulf
Service
Public
debentures, due 1965,
$25,000,000 (Aprlll,.v;
' /-/%;'■;:
I,* v
'/<•■/ -// PP ;
(American Export Airlines. 120,000 shares of capital stock (par $3).
$3,000,000
Arizona
;
fund
•
,
Co.
$1,221,000 (August).
".
.
•
■
,
:
Central
Illinois
Power
$3,400,000- (July).
Automatic
>
'
-
10-year
Co,
3% ^
•
\
''
,
$5,000,000
mortgage
1st
Co.
(July).'
'•
.'
International
(October).■'
(California
Water
j
,
I
notes
serial
1946-56.
due
$600,000 (OctoberJ.
' • /,'•!, i
•'
'■
V{A. S.) Campbell Co., Inc. 3V2% note, due 1957. $500,000 (Jul"),
Canadian Pacific Ry. 2% equipment- trust certificates, series H, 1946,
i'. ' $20,000;000
(November).
Carnatioa. Co.
20-year 2%-%
debentures, due Dec.
-(December).
'
;
•
•
'
.Carnation Co/debentutes,,due 1957„$1,000,000 (Jan.). '
tarnation Co. 4%
preferred stock. $1,000,000 (January)* -V.1
•
'
Certain-teed
(October).'
1960.
'
1965.
1,
$15,-
mtge.
3 Ya%-
bonds,
series
A
'
.
(February).
3%
equipment
trust
certificates,
series
serial
«0-ycar, 2^4%
debentures,
fitlx,
California
Water
$800,000
1951-1955,
due
1965/
$50,-
$60,000,000
Co.,
shares of 4,/4%
32,000
serial
/
first mortgage 2,45%
(December).
notes,
preferred stock
(November).
England
Power Co.
1st
35-ycar debentures,
mtge. bonds, 4%
Baer
Fuller
&
Co.,
due
series A, due May
3V4%,
3%' sinking fund
20-year
:y
1,
scries
loan,
A,
$2,250,000
•'
^ f
Suburban' Propane
Gas*Co..
Tennessee
Transmission
(3%, 4%," 5%.)
.Sept. 1,?I960, $3,000,000 (December).
1
^ V '
•
Gas
&
15-year
Co,
collateral
debentures, duo
.
11, 1945,-$44,000,000 (April).
4%
due
notes,
V
t
81rect; &
Transcontinental
-
8s
Western
Air,
(520) Eighth
/
;
.1,
1946-1955,
3%
first
Ave:),
mortgage
"
^
' '
;
Inc.,
•
sinking
fund- debentures,
"r
^
1.
due June
»•
,
Co;
1948-1957,
maturing
bonds
:
15-ycar serial notes, $828,000
;
'
1956
$30 000.000
(neeemher;
-
,
,
serial debentures, due March 1, 194f8-1955,
not©-,
Installment
'
-
1/ 1965,' $750,000
due Aug.
'
'»;
:
U.
8.
Industrial
Chemicals, Inc..
'
500;000'(December).
7%-year serial notes, $672,000
.
4%
VV 1954-1961, $1,500,000 (MayK
^United>Rexali Drug^ Co/ 3% 20»|ear vdfebentiirW,
"
:
:
_
(September).
'
Wabash RR., 1st mtge,: 4%
580,300, (January). ;
Walt
Disney
(June).
Productions
:$31,000,000. (June)*
I
:
through operaiion
Chicago Mail Order Co, 3%
sinking fund debentures, due Oct. 15, 1960,
$3,000,000 (October).;
-
&
;
;
'
>
Milwaukee, St. Paul- A Pacific RR. 1V+K equipment
certificates, due semi-annually $2,100,000 (April).'
Chlcaeo
North
&
$6,180,000
-
Ghlcago,
Western
1%%
Ry.
equipment
Paul,
Minneapolis
Cincinnati
v
certificates,
trust
Street
Rv..
1st
Omaha
mortgage
$30,000,000
(Coast
(June*.
Counties
Gas
-
J
J:
,,
25,000 shares
/ ;.;"?'/■
►
fi
^
/;)
conimon
of
33,4 %
Sept.
dud
Colonial
Stores,
$3,250,000
Inc.
Electric
Co.
1st
Mead
2%%
mortgage
Series
bonds,
..
Colorado
Southern
&
$300,000 (July
Commonwealth
VA'Z
3%
Ry.
)t. •;
equipment
3^ L
Cn,
1963.
1,
>/v
sinking fund debentures,
i.-55
.-■t-:,
notes,
serially
due
to
;
1975, $1,000,000
Trading
(December).
Corp.,
%'''
3!/a%
Corp.
15-vear
1st
"
due
bonds,
April
(March),
(October).
to
1985,
1,
Sept.
;• \
1,
•
■
$7,500,000
sinking
Connecticut
Rv.
&
'
Copbern'eld
(April).
Lighting Co. 3%; secured bonds, due Nov.
^.Creameries
:..
v.
Corp.
of
•
loan
3%
due
$2,500,000
1960,
debentures,
due
,
,
March
.
;
1st
America,
Corp.
mortgage
(October).
&
Seal
(November).
1,
1955,
.
$1,500,000
•
!
Co.
Inc.
4%
20-year
(March).
937,500
15-year
shares
of
;
-
stock,
common
-•;-
3,/4%
debentures
I960,- $3,000,000
due
debentures,
series
Inc.
A,
.
July
:
1,
(February).
$1,350,000
,
,
1,
1962 $3,600,000
Ry.
general
(November).
mortgage 3!'a%
$1,500,000
1960,
$50
New
bonds,
.
1949,
Co.
secured
-income bonds, series
) / /f/
414 %
debentures,
due
1965,
Co.'
1st mtge. 3 %%
A,
/ H
P
bonds, due
'
'*
.
$900,000
P-i
(March).. ;•,,
1946-1950,
serially
due
f
.
.
1975.
P'PP
wv
■
PRIVATE, CORPORATE. FINANCING ,
>
* 1st 6 Mos.
Last 6 Mos*. Total Year Pik
.
,
,
•
Volume
•*-
62
98
of
total
1944—Number
mortgage 3'/a%
sinking fund
(January).
'
'
;
serial; (2^-3%)
loan,
$10,000,000
"
-■
volume
of
of
total
1943—Number
of
lssues.^____>
of
total
25.7
issues-^
Percent
i"
'
■,
!
i7.i
60
Volume
*
Co.
Tea
(April).
^
shares
$2,000,000
par.
40,000
(May).
(January)."
New Raven Water Co.
■
of
,
;
. ;
414%
:
;
;
cumulative
23.1
" /; 30
stock
'.
25
1942—Number of
volume
tssues___.
total
of
1941—Number
of
//•-'
-
due
Nom>>
31.2
issues__._^wi
total
volume
Volume
64.4
128 ;
1946-55.
Co.
23,4%
series
bonds,
35-vear general & refunding mtge.
$1,400,000
of
total
volume
issues^.-
1939—Number of
•
.
•
.215
$957,337,300
■36,6
,
92
30 6
66
*:■
series E 3%
(May).
•
•
;
shares of common stock (par $1), $2,304,000
.
-
Percent
1938—Number
total
of
volume
of
;
total
137
51
volume
1937—Number of issues
Volume
«
157
30.2
$728,557,500
35,3
'
76
$229,828,780 $450,683,000
Percent
Percent
...
71
30.7
issues—j
of
Volume
'
'
$834,540,289
$309,980,000 $413,577,500
Volume
D,
93
41.6
•:
1
„29,6
:
V
34.8
'
65
55
$433,934,550
...':
87
38.0
$326,959,904 $507,580,385
Percent
'
25.2
$538,562,300 $418,775,000
of
1940—Number of }ssues___-
1,
Elert.rSc Co., 96,000
(December).
•'
$272,897,500
.
volume
Volume
Percent
27.4
27.4
38
-;*cc65$223,269,700 $210,664,850
Volume
Percent
22.2
140
$860,990,739
V.u^y'X.
.
Telegraph
"
1980, $3,600,000 (May).
%
New York. Chicago & St. Louis RR. 1%% equipment trust certificates,
due June
;
$409,148,114
36.4
P-V
$91,920,000 $180,977,500
Percent
-;
preferred
20.1
80
,
$370,842,625
volume
Volume
':
lflrt
$549,960,000 $700,095,687 $1,250,055,687
Percent
%
.
.
first
Co.
„
n, c
1945—-Number of issues,.^
$3,000,000
15-year
England-Telephone, &
.bonds,
Dictaphone Corn. 8.636 shares of 4% cumulative sinking fund preferred
Stock (par $100 \ $893,600 (December).March
1,
due
%
\
■')
•
$20,000,000
,
Eastern Massachusetts Street
Oct.
',
-;
,
Gypsiirii
National
of
10-year debenture loan, $2,000,000
10-Vear notes, $500,000 (January): ;
■
Denver Union Stock Yard Co. 1st (closed)
mtge. 3% bonds,
(October).
'
'
'
'
.
,
Corp.,
^°$U30g000h00S(JuIyf TUbS Co', filsf; mortgage 2<%% bonds, due 1970,
'
;
,
due
Bejay Stores, Inc.
,
Utilities
,
debentures,
.
collateral trust serial notes,
Co., 12,500 shares of $4.50 cumulative preferred stock,
$1,250,000 (October).
;
;
;
National Tea Co. serial notes, due semi-annually April 1, 1946-April 1,
1965, $4,000,000 (November).
Bavidson Brothers.
due
1974,
(January),
Pacific} RR. general mortgage
1, 2014, $1,185,200 (March)/ r
.lir^inia,,Wat,er Servicc
series,; due
3%
bonds,
.■'
2%
Gypsum
National
.
Telephone
due
bonds,
National
.
•
Co..
-
'
bonds,
due
J;:
'■
$500,000 (October).
Nassau & Suffolk
Lighting
of America 15-year 3% sinking fund debentures,, due 1960,
Cork
;
.
(August). ';:
1974,
Muskogee Co.
315-year sinking fund
due June 1, 1961, $16,000,000 (June).
(Cuban
!
Co;
r
$2,500,000
Crown
Corp.
Steel
15,
•
,
series,
bonds, series. A, due Jan. 1,
Jan.
$6,500,000
-.
■
bonds,
fund
(October).
(October).-;';;
Products
Motor
.
Co.
$3,500,000
1970,
Plan
Morris
refund
•
Utilities
Montana-Dakota
.
J ..$6,OOP,000 (March).
Cooper-Bessemer
lst mt2e'
.
(I3i%-414%>
trust
.
'
,
3Ira%
(April
$1,500,000
notes,
?■/
mortgage
2%%
/ ;
•
debenture
5-year
due
Western
'
;
Western
-
,
•:
collateral
,
bonds,
mortgage
$13,855,000;(July).
$10,000,000
V-' May i, 1960, $8,000,000 (July).;
.i-;".,-.
Minnesota «fe Ontario Paper Co. 15-year mtge bonds, int. rate approxlmately 3%, $6,000,000 (June).
Missouri-Kansas-Texas RR.' l1/2% equipment trust certificates, second
/
series of 1945, due semi-annually April 1, 1946-Oct. 1, 1952, $910,000
1950.
/•,;.' ■■■
'
;
„
Fdison
bonds, $100,000,000
.
refunding
'
sinking fund debentures, due April
(September),: •r:r.;y^
- •.'iy-;-'/v:;'
Colorado Milling & Elevator Co. 15-year 3%%
due Aug. 1. I960. $3,000,000 (August).
•
,
due 1970,
;^^^SM«^lanrt Rvi.
serially
RR"
.*
,
Warren, Co., flrst (closed) mortgage 20«-year« VU % - slnkhig
Light*Co..
r,,
■■■'/!%/
1947-1960, $9,500,000 (October).
15-year 1st mtge.; note, $500,000 (January).
1st mtge. (Canadian
(October).
/
-
3%
'
due
series
series, due 1965,
pipeline bonds, 2%%
(October).
$875,000
4%
series A,
V- '/.
;■
■
%
>
bonds, 3%% series due 1975, $600,000 (December).
Public Service'Co.
1st mortgage & coll.
trust bonds,
Maine
1965,
1,
of 1975, $1,250,000 (November).
i
10-year loan,
'
'
dollar)
.
bonds,
(January).
"
-1
^ •
<250.000 !
stock,
•
Gas
-
sinking, fund In
of
fund bonds, due Dec/1, 1965, $2,500,000 (December),
Washington
Maine & New Brunswick Electrical Power Co., Ltd.
equipment trust
(April). -.
/ =
-
&
1974, $2,300,000
Manufacturers;
mtge';
1st
1,
Steel Corp.
McLouth
1®4%
Ry.
$6,562,000. (August t,f
Cities Service Gas Co.
Jan.
due
Machlett Laboratories, Inc.;
&
certificates, due May' 1, 1946-55, $1,570,000
;
annually
trust
(May)V.\;^7'.'5;
St,
1950-1958, $5,350,000
(April); , / ,«■4Louisiana Public Utilities Co., Inc. 1st mortgage,bonds,
-
Chicago.
^s;
j
•
-
series Al/due Jan. 1, 1971, $10,-
bonds,
k
v
15-ycar 3% isinklng-fund notes/$7,-
"
,
Valspar Corp. 4%. notes,! due
15 years, $1,200,000
(AprU),
-
Liggett & Myers Tobacco Co. 2% % sinking fund debentures, due 1965,
$40,000,000 (August), y '
^
'
- f
.
5
Loew's,
Inc. :20-year' debentures
(to - yield approximately 2.80%),
$28,000,000 (July)..;
; '■/
1 \ '' ft,
Los Angeles Transit Lines
1st mtge.; 37/«%
serial bonds, due semi-
equipment trust certificates, due serially
(July)* y*'
$1,500,000
f
due;|958-^9C$,S$10,000,099
$3,000,000 (March).
ALanei Realty
,
July
-
v
,
trust
Thirty Broad Street Corp., 15-year loan, $7,550,000 (November).
-
Eighth Ave: Corp.
loan, $3,250,000 (November).
'
due
.
(September).
Oct.
'
notes,
.
Chesapeake & Ohio .Rv. 1H%
'
II.
'
due March 1, 1955/ $500,000
,
'
Laclede Gas Light Co/3'/» %
{•.»
1st
(March).
Southwest Natural GaSi Co., -first mortgage bonds,
due Sept. 1, 1965, $2,100,000
(December)./^
(par, $1),
mortgage
'
(October).
Products
July
V.'
197Q, $840,000. (March),
W, due
shares of common stock
(G. R.) Kinney Co., Inc. series A 2 %%
'
'
Corp,' 2%" 1st
(November).
$10,000,000
■
Corp. 15-year 3VaS, $4,000,000 (March).i
Chase Candy Co. 4%
serial debentures, due serially, $30,000 annually,
$450,000 (November).
'
1,
*
due
Bag & Paper Co., Inc., first mortgage 3.2%
semi-annually 1953-1960, $2,045,000 (December).
Utah
'
,
'
(G. R.) Kinney Co., Inc. series B 3<4%
;
-
•
•
>•*'
,
Southern
(June).
36th
Kimberly-Clark
$5,000,000
I,, 1965,
•
-
,
:
,
(November)/'';i
4
•
.
$5).
-
Advance
due
New
:-rV
„
.
-
1969.
w*
,
Te'ephone Co.,*2:%%1980, $25,000,000 (August).
$4,500,000
|
JEimherly-Clark Corp. 2Vn$>[ lsf mtge. bends,
>:
1,
f. debentures, due Feb.
s.
debentures,
10-year' 134 %
Corp.,
$25),
(par
'
Joy Manufacturing Co., 100,000
$2,450,000 (March).(
V
,
of
$1),
(par
'
Ry.
Corp.;
Southern
1, 1965, $4,500,000
due March
notes
Interstate Bakeries Corp. 4 '/2% debentures,
1, 1980.
due Nov.
.
.
(par
stock
.(October).
Southern
;
1
,
series S,. due
certificates,
\ ;
,
Co.." 2%%
-
series
-.;V
stock
bonds, series A, due Dec.
Southern Advance Bag 8s Paper Co., Inc.;
due semi-annually 1946-1953, $1,995,000
.
(January).
.
Milling
(March).
3fo.ibonds, due:Nov.;ly ;l995. $2,850,000
Co/5 B3%-2.2%,
;
-
mortgage bonds,
trust
eouipment
(July).
than V.'t >.
(:■>
Service
bonds,
1950-1960,
due
notes,
equipment' trust certificates, series
*
Bridgeport Hydraulic Co.; 1st mortgage 3^ series K,
1 L
<■
-
>
w■
$8,961,000 (December). ' "
Buffalo Cre^c RR; l«t mdrtga©e:
•
.(September).
i
due 1975.
series,
3%
bonds,
mtge. bonds, series RR, due July 1, 1960,
1st
serial
:
first
Line
Oil
(August).
.
{
bonds, series A, due
' ■ r: "
Building Corp. 4% 20-year mtge. loan,: $6,675,000
Exchange
Insurance
<March).-//i^:>:;T>/.':?v'^^
$10,000,000
(
'
■■■
Boston &• Maine RR. 4 ft-
v
1
■
Hydro-Electric
$5,000,000 (NovemberK
*
.■•■
-V^'/v-, . SBest A- Co„ Inc. 20-year unsecured loan (interest rate less
'
2.85%
serially to 1954, $3,990,000
$600,000
loan
fund
jinking
(December).
Bangor
'•
*-
-
Products
$1,300,000
Air
.Southern
7'Inland Telephone Co.: 1st lien coil, trust 3%%
'Jan, l; 1970, $2,650,000:(January),
1
-
;
sinking fund note, $060,000 (August).
loan, due April 1, 1960, $4,500,000
Corp.
3%
RR.
bonds,
/
,
Steel
&
Oil
Sinclair
'serially to ;;Nov:' 1/ 1952,/$7,344^000, (January),;
Co.
Power
Arkansas-Missouri
1975,
' 000,000
.
4%-.serial notes due 1946-1957. $400,000 (August).
Corp. 1st mtge. bonds, series A 3V#%,- due
"'t
Dec. 1, 1974. $2,060,000 (July),
*
'
' '
y
•
*
»Atlantic Co. 3% serial notes, due $125,000 annually, June.l, 1946-1953.
Arizona
fund
;
'
common
OOO^A^6 & Power C0* lst mt®e* bonds, 3% series, due 1975,
000
Sinclair
,
,
..
.
3%
RR.
sinking
•
V
J
:
,
annually for 14-years and $1,000,000 in I960, $8,000,000 (May).
bonds, due serially to
(October).
sinking
414 %
(Del.)
-
10-year 4%
Gas
/
:
-
-
Central
Illinois
•
.
(December).
sinking fund series, due
bonds 3 Va%
1st mortgage
Co.
Natural
Houston
Iron
Seaboard
;
Holly Sugar Corp. 214-3%
.
(August).
Power
1970.
sinking
V
;
■;;>;• $3,840,000 (April).
*
;;
fund mortgage loan,
J'
"
Corp, 15-year 3 xh % s. f. notes, due Jan. 1, i960;
'
$850,000 (February)..
Heller Brothers Co.
1985
Schiff Co, 3Va% 12-year loan
$2,500,000 (March).
(February).
$1,000,000
<
Co., 200,000 shares of capital
•Schering Corp.,, $1,600,000'Joan
15-year- 3'/a%
Co.
$1,000,000 (Augusth.
Greenfield Tap & Die
due
Corp.; 3'/a% sinking fund debentures, due Feb.
1960, $1,000,000 (July).
*
i
due
f. debentures. $25,000,000 (May).
s,
$900,000
15-year loan,
Co.,
&
Insurance
Savannah-St.-VAugustine' Gis," Co.
Co.,
Co. 3% ; 1st mortgage
1953, $6,500,000 (December).
1,
bonds,
$1,500,000 (January). /
^a$6
(July).
3% equipment notes, $300,000
%
23%%
debentures, due
of common stock (par 20 cents),
Castings
Steel
General
3%
'
$5,000,000 (March).
St. Regis Paper Co., 20-year 3%
000,000 (October),
American .Transportation
due 1946-1955, $1,200,000
large purchas¬
lien
(December).
Island
; Rustless
1, 1965; $3,500,000
due Aug.
General
ought also to be made clear, to avoid any misunder¬
standing of the figures, that the compilation is only of
security issues and does not include bank loans.
•
(
Following is a list of all private issues which we have
'reported during the year 1945, together with a summary
iof the figures for the past several years:
Co.
%,
.
Inc. 20-year 3% sinking fund notes,
(September).
Coi. *1^4% equipment notes, due
serially 1945-1952, $1,540,000 (November).
General American Transportation' Corp. %%
equipment trust notes,
Froedtert
#
1st
,
Fort Worth & Denver; City Ry.
•
ordinarily insurance. companies and banks. No dis¬
tinction is made between private and public issues in
our
detailed compilation of the capital flotations.
It
Cyanamid
Rhode
preferred stock (par $50),
shares of 6%
G
shares of
/.'•■; $1,475,000 (December).
•
; Roanoke Ga,s Co. 1st mtge,; 3%%
(September).
$700,000
ers,
<
Manufacturing Co:, -3,025
!| RUstless Iron 8s Steel Corp. 3V£t%
$1,250,000 4%
(September).
3%,
$750,000
Inc.
Dairies, Incl 50,000 shares
Foremost
sales,
rectly by negotiation to a relatively few
«
$22,000,000
Rheem
;
1,
Dairies, Inc. 50,000
$250,000
it might be well to explain, comprise
'those securities issues not publicly offered but sold di¬
Private
Dairies,
"and
/■
/
-
(May).
(November).
r
Republic Steel Corp., 3 % first mortgage
1965, $50,000,000 (August).
1957, $800,000 (October).
period of 15 years, $2,000,000
a
Foremost
1944, 25.2% Jn 1943, 41.6% in 1942, 36.6% in 1941,
in 1940, 33.2% in 1939, 31.8% in 1938 and 18.7%
♦
'/;'V ' .
''
'-'
,V
.
over
-
30.2%
American
1960,
$3,000,000 (October).
Foremost
•
.
.
,
(average interest rate 3%),
Brewing Corp. 15-year serial loan
.
J.)
Rainey, Inc., first mortgage 2%
serial notes, due semi¬
annually Jan. 1, 1946-July 1, 1954, $1,200,000 (August).
!
Remington Rand: Inc., 2%%> sinking fund debentures, due Nov
1
435,223,191
259,481,836
175,741,355
404,000,156 • .638,909,818,
.V
(W.
108,288,255 / 169,012,524-
£ 60,724,269
330,952,780
Fibre Conduit Co. loan, due
with 27.4%
in 1937.
194,294,516
Falstaff
security issues placed privately shows
of
record
amounted to 20.1% of the total and compares
,
266,210,667
5,670,335
234,909,662
aggregating $1,250,055,1637 were sold during 1945.
This is the largest amount
involved in placements of this nature in any year since
we started
compiling these figures separately in 1937.
The 1945 total of issues placed through the private route /
dn
50,947,363
36.473,632
11,225,800
series
mtge.
25,724,000
136,658,264
;
.
;
,
...
... '
;'i;. .'-i'"
"X- -' SM.
debentures, $1,500,000 .(October
Pure Oil Co., 20-year serial notes, $31,000,000
(July).
\ .:••
.i;'
RKO Theatres, Inc., 3%
debentures, due 1966. $22,000,000 (December), -r'
(W. J.) Rainey, Inc., first' mortgage sinking fund bonds, due Julv
1, 1965, $2,800,000 (August).
; "f.l
42,154,500
21,582,000
33,795,481,
mortgage
(December).
tures, due April .1, 1965, $15,000,000
(April).' r/
Panhandle Eastern Pipe Line Co.
20-year 1st mtge.
$52,981,000
151,193,581
108,130,600
71,445,395
bondS'"^''^'^
refunding
and
1975/. $13,000,000
,;,Poor <fe Co., 20-year serial
7,337,761
14,245,681
1,
,
49,616,172
22,647,568
115,017,086
61,150,000
65,081,500
that 161 issues of this character
*
,
34,020,196
6,363,895
794,740,667
323,843,500
Private Sales of Securities for the Year
Our
16,914,500
12,616,000
24,814,232
40,753,349
•
307,957,038
19,549,800
348,605,641
96,117,500 f
*470,807,167
Totai 12 months
.j,
10,666,000
22,423,000.
12,666,481
46,980,600
67,222,795
41,293,742
82,195,838
38,330,600
•
6,529,700 .{■
Co.,! first
due Dec.
.
.
.
Electric1
&'
,
•
$71,087
months.
6
7,358,500
34,161,742
79,608,438
>.
^cember-—
10,805,132 '
12,589,421
:
37,201,523
37,421,703
28,892,195
months.
6
45,429,500
10,031,566
11,659,400
10/194,014
29,934,500
35,202,540
Total
s
$•
3,8601182
46,570,250
32,701,672
38,636,871
■
; 10,139,500
149,982,000
19,150,035J
;'//••
1955,
1,
•
3%,
O,
;
v
(October),
n
4% first mortgage bonds," due serially Jan. 1
$180,000 (December).
:
*
Paramount
Refundlng
Ne^ Capital
>,
/./;%. :,$ ••'//
14,163,100
14,703,091
173,983,899 ! ^
8,362,500
.March-
(February^-....
,
s
24,473,771
121,231,497
22,534,000
98,697, 497
ary
January
Total
Refundlng
New Capital
;v
5
V:
.
Total
Refunding
Capital
woj
New
I*-If:r:L
I
r-
2.
due
2%% -series. D bonds/ $10,000,000 (March). % / u/;/:-K
Pictures, Inc., 2%% convertible notes due Dec. 28. 1951
'■"// Total r
.';'•:• $2,000,000 (February),
:
S ■
Pennsylvania Ohio & Detroit RR., first and refunding mortgage 27/a %
49.289,682
•:
bonds, series E, due Oct. 1, 1975, $31,873,000 (October).
57.236,250
/Pennsylvania RR.
general
-1943-
-19444
•
July
bonds,
Pan
American
Airways Corp.,
100,000 shares of capital stock (par
$2.50), $1,600,000 (July).
:■>">'!
; :
::;//
'•Pan American Petro eum & Transport Co. 2%% sinking fund deben-
FIGURES BY MONTHS
SUMMARY OF MUNICIPAL
-L—1945—
due
mortgage 3%
Rubber Corp..
Gas
series
certificates,
(closed)
$400,000
1960,
1947-Ju!y
recent Victory Loan.
,
'..'I'''
1,
Pacific
'•'£
Below we present a tabulation of municipal financing
by months since Jan. 1943. ,l'>
'■< r
1 . -* f,
>.
''}-%!?'*•
,
Dec.
by the seller in the purchase of Treasury securities of¬
fered in connection with the various War Loans and the
more
equipment trust
Ogden Union
O'SuiiiV-m
bureaus to investment
l5/a%
Ry.
1946-1955;, $3,500,000 (May).
Stockyards Co., first
operations, it may be added, were extremely heavy in
recent years, with the proceeds usually being employed
private investors and do not embrace
;loans placed with any Federal agencies. These latter are
included in our tabulations only when they have subse¬
units to
Pacific
Northern
companies, et al., and public trust funds. Such
insurance
(Continued from page 505)
taxing
Monday, January 28, 1946
64
—
of
total
33.8
volume
-
;
30 8
53%
$305,991,000 $130,311 004;
17,1
233
i
f.T- >
/.
33.2
127
$680,511,780
"31.8
117,,
$456,302,094
18.7
'
m-M?m
mm >-V:M,./
•
'
.
iVolume
163
'
"
.
•
•
.
Number 4459
THE COMMERCIAL & FINANCIAL CHRONICLE
Issues Not Representing New Financing—
mM,
Special
Offerings M;
The
volved.
,i; The
and
York
went
ities exchanges of
into
effect
Feb.
a
16,
1942.
A
block of stock under
■■
1945
v.,^,
l;. February
March
May
v
1944
54,491,514
44,765,017
2,453,896
.M
—
Tot. 6 mos.
July
215,757,428 141,555,582
^48,928,372
August
Oct.
29 and
Dec.
31
credited
were
MM'-,
■
•
September..
40,015,470
59,673,542
20,876,967
51,230,748
—
17,146.853
12,592,080
Tot. cal.yr.
446,060,553 278,689,244
Nov
now
44.^^4
Nov
V
Price
Nov
*
•
Jun
July
39
5
91 days
91 days
2,044.672,000
July 19
91 days
July 20
July 26
10-12 yrs
Jly 1-30 July
1
12 years
Jly 1-30 Jly
M
2 yeafs
Jly 1-30 July
July 13
1,304,858.000 99.905 + *0.375
99.905 + ^0.370',
'1,310,619,000
99.905+ 40.375
1,305,479,000
99.905 + 40.375
1,312,071,000
1,294,475,491 '.4:&
:>4 a ,v:Mi
2,028,528,000
2,232,925,000
91 days
;
6 r. July 12
2,046,886,000
1,294,475,491
V
15,099.000
100
15,099,000
-
.
; 2
'
307,433,600 100,
307^433,600
for
Total
July 27
Aug 3
b
.
Dec;
2,005,975,000
1,956,339,000
91 days
1,986,070,000
1
1 year
2,469,615,000
1
10-12 yrs
Aug 1-30 August
Aug 1-30 August
12 years
M 145,421,100
10,080,151
Aug 16
July 22
Aug
Aug 1-30 Aug
,
for
anonunced
securities
*0.375;
699.740.877
Drive aggregating
$21,144,000,000 of which
subscribed by individuals and
other non-bank investors.
Total
of the securities offered in
this Drive
.
r
Millions of Dollars)
7,295,000 100
145,421,100 100
!
'
\
;!
1,932,337,000
1,306,033,000
13
91 days
2,024,665,000
1,301,933,000
91 days
2.093,607,000
1,306.649.000
mmm
Sep
81
Sep 27
91 days
2,073,470,000
1,300,610.000
1 year
1
Aug 20
Sep
Sep
1
Sep 1-30 Sep
1
i'M 1
were
also
Total
907,604,000
514,112.967
'
907,604.000 100
514,112.967
;
12 years
2,050,500
2,050,500 100
2 years
for
91,593,600
91,593,600 100
_$
,
hip
.
•.'3
•
<•
90
853
423
r
»•
30
2,159,025,000
2.157,462,000
1,310,993,000
Oct
12
Oct
18
91
days
2,047,966,000
1,309,235.000
19
Oct
25
91 days
2,084,705,000
1,310,034,000
Certificates
Sep
24
Oct
1
1 year
3.439.435,000
3.439.435.000
100
624,469.910
a
10-12 yrs.
1
for
M
years',
99.905+ *0.375
1,310,368,000
:
624,469,910
■
12 years
M:' 2
4.914,000
MM+
336.ioi.6oo 100
•
91
1
Nov
2
Treasury Bonds of
';v
:
:
2.076,526.000
1
;
4
•
-
■
8 ;;
91 days
Nov
15 :.v
91 days
1,939.681.000
1.315,677,000
90 days
2.178,513.000
1.302.105.000
99.906+ *0.376
99.905+ *0,375
23/..
Nov
29
Nov
'
1
1
2,354.745,000
1.316,013.000
1,183.621,192
1,183,621.192
2 years
.
91 days
10-12 yrs.
M12 years
704,133,900
99.905+ *0.375
746,116,000
600,000
251,900,000
i
252,500,000
-
142,130,000.
235,250,000
12,730,000 •?
i;4- 278,500,000
21.000,000
257,500,000
240,499,000
12,560,000
227,939,000
518,999,000
33,560,000
483,439,000
475,020,000.
'.
«••
4-.44-0&
.
223,120,000
:
i.: 487,750.000
August—
——
•
'
.
f".
('
October—; -4,4" ■'4':'A 74
'
90.000,000
1,300,000
—
159,650,000
——
M
4.384,000
a
4.384,000
Total
for
October— M
November-^'
y! ■ '44-44.
■
+
X88,700,000
.42,550,000
■147,100,000
'
'
"
91 days
2,163,314,000
1,303.377.000
99.905 +
0.375
Dec
13
91 days
2.085,361.000
1,301.797,000
99.905 +
0.375
20 ;
14
1,316,463,000
99.905 +.
12,050,000
81,076,000
179,626,000
47,050,000
132,570,090
3,000,000
87,630,000
340,400,000
X337,400,000
459,570,000
X371,940,000
90,630.000:
M
November
•799,970,000
'/i X709.340.000
.■VM+\M'M- f
'
Dec
27
2,038.340,000
1,304.266,000
99,905 +
19
Dec
1
11 mos.
2,924,926,0007
2.924,926.000 100
Nov
19
Dec
1
10 "2 mos.
Nov
19
Dec
Ml
"
0,375
Nov
r
——
'iNotes 'Mi—_:.-—
0.375
18
91 days
91 days
2,030,823.000
Dec
-Dec
1
15
O 29-D 8 Nov
15
15 22-27 yrs.
O 29-D-8 Nov 15 .14-17 yrs.
100
9,819,000.000
loo
3,737.000,000 100
-
423.000,000
1 year
/:•
10-12 yrs.
100.
423.000,000
■
,
'■
30.000,000 100
1,253,521,248 / a
30,000.000.
12 years
1,253,521,248
•M
7,015.000
2 years
597,979,100
V
''T-'1
——
—
;
7»
2Va
months.—lr'
;
.'.V.' c'V|-;
1
: • ■
3,673,837,000
14,023,694,000 10,349,857,000
4' V.1
'*.
■
:%
,
'
"'"■
'
4
•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,
Canal Zone Retirement Fund, Alaska Railroad Retirement Fund, Postarl
.
2+4
,
; -'4
853,000,000 100
v
2l/*
'
1
;
2-V*
3,045,000,000 100
for December---.
Total for 12
%
3,737,000.000
853,000.000
14-17 yrs,
Pec,v"3M:Ml year;
Total
■
7'»
.
i if 407,805.000
9.819.000,000
O 29-D 8 Nov
3 '
8
3.045.000,000
O 29-D 8 Nov
O 29-D 8
441.997,000 100
441,997.000
+
-J
407.805,000
IC1^ mos.;
22-27 yrs.
/
93,126,000
for
December—
Dec ••'• 6
>
.
'
Total
'
7
T
;
/.i;b.v
704,133,900 100
Certificates
:
•■'. "
Mv 51.500,000
35.000.000
86,500,000
Notes
100
58,400,00.0
102,550,000
160,950,000
...
'
'
Certificates
a
! Total for •November-_i---;M-l_'J---v- "8,460,366,092
*
>
j:
' m'-;
Ml.
^
months
for 12
which
series, of
Savings
"i
Life
'
Government Life Insurance Fund, National Servioo
Fund,
Federal Deposit Insurance Corporation,
and
Insurance Corporation.
xNet retired, v-j 444
System,
Insurance
Federal Savings
,
Ss Loan
7,015,000 100
'
597,979,100 100
'
Foreig:n Issues Placed in the United States
28,766,146,348
-
Following we present our usual annual summary, of
foreign security issues placed in the United States by
both
corporations and governmental bodies.
Issuer
amounting to $107,723,972 were placed in 1945 consistr-
159,250.090,995
!
v
a Comprised of three sepa¬
series E
have
10-year
maturity, are sold on a
and yield 2.90ft; series F have a 12-year matur¬
ity, are sold on a discount basis, at 74, and yield 2.53 ft; and series G
have a 12-year maturity, are sold at
100, and bear 2I/aft Interest,
discount basis at 75,
ing for the most of Canadian issues.
In the past
b
Comprised of separate issues, designated Treasury notes of tax series
A-1945, series C-1945, series C-1946 and series C-1947. Series A earn
about 1.92ft
a
year
and series c.
about
1.07ft,
y.
Total
'
Accepted
Indebtedness
months____ 85,490,220,910 53,762,426,000 31,727,794,910
for six
,
through
non-
>
%r
+
foreign isues have been. ^f
really important volume of financing was
a
—
-t
July
91 day Treas. bills
5
91 day Treas.
July 12
July 19
July 26
July
bills
91 day Treas. bills
91 day Treas. bills
U. S.
1
July
,
July.,
Savings bds.
bonds.
Depositary
Tax
Antic'n
notes
1.304,858,000
1,310,619,000
1.305,479,000
1,312,071,000
1,294,475,491
total has been
1,304,858,000
1,303,940,000
>
M:
1.305,479,000
1,310,260,000
1.811,000
'
M
>
for
July
Aug
Aug
9
Aug 23
Aug 30
Aug
I
1
Aug
U., S. Savings bds,
Depositary
bonds.
Aug
,Tax
'
Antic'n
notes
5,224,537,000
1,625,498,091
1,316,707,000
1,317,735,000
1,314.474.000
1,310,516,000
1,309,041,000
2,469,615,000
699.740,877
7,295,000
145,421,100
,1,314,334,0.00
2,373,000
1,^07,423,000
10,312,000
1,307,396,000
1,310,516,000
7,078,000
9,890,544,977
91
Aug 16
Aug
6,850,035,091
day Treas. bills
91 day Treas. bills
91 day Treas. bills
92 day Treas. bills
91 day Treas bills
Ctfs.
of
indebt...
2
•
;
9,018,325,000
6.
August
91
Treas. bills
91
Treas.
91
Treas. bills
1,306, 033,000
1,301, 933,000
1,306, 649,000
Treas. bills
1,300, 610,000
day
day
day
91 day
Sep
13
Sep
20
Sep
27
Sep
1
.Ctfs.
of
indebt.
Sep
1
Ctfs.
of
indebt—
Sep
Sep
1
U,
Sep
.
MM
bills
S.
Savings Bds.
Depositary bonds.
Tax
for
108,000,000
2,469,615,000
,
.
.
609,740,877
7,295,000
-
1—'
1940—
1,302,298,000
25,062,500
1932
3,735,000
——
I,312~000
:
——M
1929
:
1927—
1,145,099,740
3,416,641,000
907,604,000
1925
———————w————
1926
907, 604,000
514, 112,967
—•
1,086,160,500
996,570,320
—
514,112,967
2,050,500
notes
91, 593,600
91,593,600
September—
10,147,227,067-
1923——————
612,804,067
1922
—
——
1920——
280,274,600
634,511,034
.
'!
65,062,500
v;.
222,250,000
179,500,000,
116,000,000
M
M
.61,200,000
61.600.000
61.733.332
40,000,000
14,500,000
126,566,000
268,222,000
22,032,717."
757,837,569
1,319,167,987
1,561,119,925
1928
147,000,0»0
.+
253,722,000
1,009,213,390
^
i'
'
■M
Vfcy :: 133.332
v 26,015,000
—
1910—^-
3,416, 641,000
9,534,423,000
156,500,000
116,000,000
61,200,000
1——_—
1934-L.———
1,301,933,000
1,305,337,000
1,300,610 000.
'"
23,000,000
1936—!_——
1935——;
87,750T000
is. 40,000,000
219,000,000
3,250.000
872,219,977
,
M
59,250,000
145,421,100
110,250,000
4,000,000
4,000.000
1938,_
1937—
1,309,041,000
V
s421,875
421,875
1921
Total
2,250,000
1941—.J—
1939——
2, 050.500
Antlc'n
21,000,000
V-
■
—
———
$107,723,972
80,353,500
$98,549,100
59,353,500
-
1942
* ' Total
Total
Refunding
Capital
$9,174,872
',v
1944—
1943———
1931
Sep
New
Calendar Years
'1945—i—J—
'
1933—
for
figures since 1919:
FOREIGN ISSUES PLACED IN UNITED STATE3
(INCLUDING CANADA, ITS PROVINCES AND MUNICIPALITIES) ^
15,099,000
307,433,600
'
GRAND SUMMARY OF
1,294,475,491i
.
,
15,099,000
307,433,600
$13,434,300,985. M
Following is a summary of the yearly
6,679,000
•
•
or so,
inclu¬
under¬
taken here by foreign municipal and corporate entities.
In those seven years, an aggregate of $9,119,051,306 such
issues were floated,. while from 1919 to date: the grand
sive,
New
Refunding
decade
only modest size, but in the period 1924 to 1930t
>-•
•«.
Total Amount
Type of
Security
Dated
Total
..
% % Certificates of Indebtedness
maturing Dec. 1,1946.
The drive for individuals extended from, Oct.
29
through Dec. 8. During the period from Dec. 3
11,000,000
'Vr
T
99.905 + *0.375
23
Nov 1-30 Nov
!
'
Dec. 8, subscriptions were received from all
other
bank investors for the marketable securities.
.
99.905 + *0.375
Nov
Nov 1-30 Nov.
igi
1967-72, maturing Dec. 15,
•
'
ii~o"o~o,ooo
v::-'M
———-——:—i—
■-
Certificates
1,318.006,000
1,316,426.000
2,210,328.000
'""*t
757,116,000
,
Total for September——
—9,645,550,510
days
'
38,300,000
707,816,000
38,300,000
'
2
b
6
-
Total
.4,
.* •
;*»
'2*4% Treasury Bonds of 1959-62, maturing Dec.
15,
1962.
;
v
!•
'
.
:
September—
Notes
16
rate
—$1,396
..
,
3
July.——
''v*'•■ V!
Certificates
y'
October-
Nov
.
1
718,816.000
for
Total; for
7/«
a
:
4,914,000 100
,:
336,101,600
/
:
,—
Notes
99.905+ *0.375
Oct 1-30 Oct
.
2,485,626,000
1
99.905+ *0.375
99.905+*0.375
Oct
:'M
9,342,997,000
11,828,623,000
''
•
;
91 days
91 days
26
months
six
-y '
•
Net Issue«l
Retired
Issued
,
Savings Bonds
.
for
v";
.MNTRA-GOVERNMENT "FINANCING
•
4
Total for December
payment provision of the
offering cir¬
availed of to the extent of
$1,277,000,000 for
bonds and $214,000,000 for the
2^4% bonds.
Series C Savings Notes
9,819,000,000
8,987,212,000 19,778.934,34;!)
28,766,146,348
•
11
Dec 1-30 Dec
———————./v.,
;
407,805,000
months,—159,250,090,995 101,756,420,000 57,493,670,995
'
'V-i/.o'..*
Oct
Dec 1-30 Dec
Victory Loan Drive announced, on
Aug. 23 to
raise $11,000,000,000 began Oct. 29
and continued until
Dec. 8.
The following securities were
sold:
.
12
*sV 1"'
/?. August-—
Oct
USE OF FUNDS
The
2*4%
407,805,000
indebt.—-;.
bonds—' 9,819,000,000
of
Treasury
i'-/p
2
5
Dec 1-30 Dec
subscriptions are included in the Drive
figures
given in the first table of this statement.
1972.
2,924,926,000
441,997,000
September—M———.—10,147,227,067
Notf 1-30
•
\
purchased
Series E, F and G
441,997,000
July
b
;
28
The deferred
These
15
Total
■
2*4%
2,924,926,030
indebt—i.,
ii—' '.
•
1,300,610,000
indebt.-M.
Ctfs.
1
Nov
1,304,266,000
of
Ctfs,
}! Total
Oct
Total
the
3,656,000
1
Dec
'
counts.
was
day Treas. bills
Ctfs, of
l
:
597,979,100
,
7/»
•
a
a t
Sep
Nov
;
outside of the Drive
$1,017,650,000 of the 2^>% Treasui^ Bonds and
$500,000 of
the Ya % Certificates for the
Ti'easury investment ac¬
culars
91
27
v,
7/«-
3,416,641.000 100
3,416,641,000
year
10-12 yrs.
Sep 1-30 Sep
Dec
;
——
There
9,763,000
99.905+ *0.375
O 29-D 8 Ded
^
Total
.
1.306,700.000
99.905+ *0.375
Nov
,,
-
—
i'\■'!''.*>
1,301,797,000
1,316,463,000
1,303,377,000
99.905+ *0.375
20
3,737
.
.vvw. '-!i *'['"■
1,301,797,000
;
597,979,100
'.''7
Sep
3.045
———^-,.$21,144
(In Millions of Dollars)
F and G Savings Bonds,
^ '2V2%
Treasury Bonds
..2Vi% Treasury Bonds
%% Certificates..
7,015,00Q^_.
.
bills
Total for
Sep
Nov
addition to those which
applied to the Drive, the*
Treasury received sts£2£*iptions from commercial
banks,
based on their savings
deposits, which aggregated $1,as follows:
30,000,000
7,015,000
.
bills
,
♦Average rate on a bank discount basis,
In
423,000,000
1,253,521,240
1,253,521,248
day Treas.
b
Nov
1,682
9,819
—...
Total
bds.
,
day Treas.
Notes
657
Savings Notes
2*£% Treasury Bonds —!
2*4% Treasury Bonds--M
% % Certificates >.
:
•
Savings
853,000,000
4
30,000,000
91
2
■
Sep
Total
"
•
•
—
423,000,000
91
Dec
i
*
follows:
J.—2,204
;'F and G Savings Bonds—.
bonds—indebt.—;.
,
Total for December-——
7
14
Oct
the prelim¬
Victory Loan
were as
853,000,000
13
7/«
Aug 28
Oct 1-30 Oct
$6,776,000,000
$14,368,000,000 by all
subscriptions for each
was
3,045,000,000
3,737,000,000
3,045,000.000
3.737,000,000
9,890,544,977
91 days!
Oct 1-30 Oct
17
the
1,901,323,093
6.559,043,000
8,460,366,092
bonds—
;
704,133,900
704,133,900
notes
20
f 0.375
Dec
Jan.
in
6,972"000
1,183,621,192
4.384,000
4,384,000
Depositary bonds-..'.
Dec.
99.905++0.375
99.905+
Sep
Sep
of, during the
brought out.
on
sold
1,309,041,000
1.303,377.000
99.905+ *0.375
6
Sep 1-30 Sep
264,885,197.131,026,646 389,569,510
were
1.302.105,000
1,316,013,000
1,183,621,192
Dec
99.905+ *0.375
2,469,615,000 100
699,740,877 ■•Via
August
Aug 20
Treasury Financing in. December
396,000,000,
S.
1,009,001)
ijoim
Dec •;' •"/;■> Tax Antlc'n notes-,
Dec
6
91 day Treas. bills
'
Nov 30:
.
U.
Dec
99.904 + *0.374
7,295,000
2 years
82,102,729
''^444^
m^MM. .E Savings Bonds
1
Certificates
$2,461,560,325
■■■■sX(In
Ctfs.; of
975,096,51^
1.316,997,000
.1,302,105,000
bonds
;
Treasury
3
Dec
99.905+
1,310,516,000
1,309,041,000
91 days
92 days
The total volume
brought out during 1945 by entities
grouped under this classification
aggregated $973,890,000
as
compared with $433,150,000 in
1944, $622,095,000 in
1943, $548,240,000 in 1942 and
$1,969,030,000 in 1941, an
amount exceeded in
only one other year, 1939, when
Z '
15
1,314.474,000
Indebt.
of
' Treasury
Dec ;
;
'
1.316,707,000
1,317,735,000
1,314,474.000
2,007,689.000
Aug 23
73,506,671 139,866.169
care
on
T,938r3~oT,000~
days
Aug 30
emergency at least by direct United States
Treasury is¬
sues instead of
by the sale of/their own guaranteed obli-
figures
d 91
Aug 10
proportions, disappeared
inary
Ctfs.
1.316.426,000
1,315.677,000
November-
Treasury
3
Nov
6,850,035,091
—.
91 days
2
9
Aug 24
altogether
since October,
1.941, as a new policy put into effect
by
the
Treasury at that time provides for the
monetary
needs of these
agencies to be taken
Jv< Secretary Vinson
July
Aug
Aug
Aug 17.!
Federal Land Banks and
the Federal Home Loan
Banks.;,
government agencies, which in
the past
decade reached huge
Issues totaling
15
Dec,
Nov,15
8,670,454,000
1,318,006,000
1,316,426,000
Yield
iri"".
-
3,756,000
624,4.69,910
4,914,000
336,101,600
9,643,550,510
Ant.tc'n
for
345,000
»
336,101,600
October.
Tax
Total
S.i
six months—-—————_ii. 85,490,220,910
22,145,201
Financing by
.
1
Nov
M Accepted
Applied for
Due
Dated
for
July;
notes
day Treas, bills
91 day Treas. bills
91 day Treas. bills
90 day Treas. bills
91 day Treas. bills
U. S. Savings Bds.
Depositary bonds—
29
5,510,000
.•
,'
4,914,000
91
Nov 23
Nov
.
Offered
15
Nov
STATES TREASURY FINANCING DURING 1945
v Amount
Amount
MM
'.
UNITED
•']Date
8
Nov
present our usual tabulation:
60,081,270
Government Agencies
f
Financing in this classification consisted of
obliga¬
tions of the Federal
Intermediate Credit Banks, the
gations.
for
1
Nov
Treasury Financing in November
We
Total
Antic'n
Tax
Total
%% Treasury Certificates of In¬
Series A, 1947, dated and bearing inter¬
est from Jan. 1, 1943 and due Jan. 1,1947.
The results of
Farm Loan and
*
3,439,435,000
624,469,910
Ctfs.
Oct
57,519,975 249,703,341
230,303,135 137,133,662
122,387,576
3.439,435,000
1
Oct
Oct'
17, an issue of
Total
29,00^,686
Tot. 6 mos.
,
27,508,916
15,219,6221; 16,782,675
9,376,746
13,943,995
29,858,878
26,816,407 ?11,096,982 51,683,537
5,494,001
5,948,598
Jl,851,252
31,149,987
11,885,555
8,609,530
21,041,519
15,411,919
21,080,297
14,903,823
November—
of -lndeot.__v
1
U. S. Savings Bds.
:'''M Depositary bonds-
Oct
to
:j '•
■■■.
The sales of Savings Bonds continued until Dec. 31.
The Secretary of the 'Treasury also announced on
4
.
October——
1,310.034,000
91
38,916,634
36,377,356
13,570,162
7,590,999
143,497,621
46,454,669
17,030,551
—9,578,026
Decern oer
1941
.
8,630,596
16,191,866
.
1,310,034,000
25
-
,;vv,
20,830,370
34,005,577
56,800,664
1,310,648,000
1,305,479,000
Oct
debtedness of
.
1942
18,847,200
1,310,993,000
1,309,235.000
day Treas.
day Treas. bills
day Treas. bills
M,
i
5,215,128
; 8,241,790
7,798,682 «";• 3,294,562
23,535,222
49,139,381
11,227,634
13,558,096
29,335,382
52.313.953
1,304.858,000
91
Dec
'
44
14,759,867
1,310,368!000
4
day Treas.
this offering wilLbe given in these columns next month.
account, and
1943
.4 $
42,486,670
19,246,378
—
—
June
•
J,,:
ISSUES NOT REPRESENTING NEW FINANCING
.
$
bills
bills
Oct
91
between
Indebtednea^
Refunding
a
accrued interest from those
91
.
!?g:
Accepted
^
18
Dec..
secur-;
an
present the results in the table below:: '
Security
11
•.
cluded these special
offerings with the secondary offer-,
our totals since 1942.
;;-'M'-mM'M r
Of course the
companies whose securities are involved
receive no part of the
proceeds of the sales. Such offer-!
ings as these have no place in our compilation of new
issues, but we have tabulated them separately for
what-;
ever interest they
may have on their own
::
Total Amount
..Type of
Dated
Oct
ings in
*;V
15 and
Oct
Banks
arrangement
whereby the special commissions of the buyers' brokers
are paid by the seller of
the block.
Such offerings are
permitted at present on the New York Stock
Exchange,
the New York Curb and other
exchanges under plans
submitted by these exchanges and declared
effective by
the Securities and
Exchange Commission. We have in¬
it;
Nov.
dated Dec. 3, 1945,
E, F and G Savings Bonds and Series C
the- drive.
special
the floor of the
on
were
Savings Notes processed through the Federal Reserve
Exchange on Jan. 29, 1942,
adopted rules providing for "special" offerings of securities" which
dated
were
i.;1
;
Series
All
•
Stock
offering is the offering for sale
bonds
sold at par and
were
dates.
l
New
and 2*4%
2*4%
the Certificates of Indebtedness
''M. :V"It happens on occasion that owners of
large blocks of
securities which have been
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¬
•
257,652,913
163,564,500
204,693,300
221,147,000
66,015,000
1,135,779,390
779,870,236 *
1,576,820,900
1,724,684,425
1,349,793,040
79,941,679
1,307,307,500
1,244,795,765
360,216,279
125,265,000
759,776,034
248,225,445
,,
V
527,517,000
50,000,000
577,517,000
383,450,887
138,998,000
522,448,887
i
THE COMMERCIAL
Sio
Monday, January 28. 1946
& FINANCIAL CHRONICLE
The
'
Central Republic Co., Inc., City Securities Corp.,
Securities Corp., Cohu At Torrey, C. C. Collins
Inc., Julien Collins At Co., Cooley At Co., Courts
& Co., Cruttenden & Co., J. M. Dain At Co., Dallas Union
Trust Co., Davenpor" & Co., Davis, Skaggs At Co., R. L.
Day At Co., Dempsey & Co., Dick At Merle-Smith,- R. S.
Dickson Ac Co., Inc., Elkins, Morris At Co., Equitable Securities Corp., Farwell, Chapman At Co., Field, Richards
Corp.,
w.
Below
capital flota¬
issue of any kind
give complete details of the
we
including every
tions during December
brought out in that month.
Capital Flotations
During December, 1945
v'
■
Details of New
;
r
'
I
At
i
RAILROADS
Burlington
$49,765,000 Chicago
'4
:'4'? v'V
RR.
Quincy
&
1st - and refunding
series of 1970 27/8 % bonds, due Aug. 1, 1970.
Purpose, refunding.
Price, 100.80 and interest.
Offered
by Halsey, Stuart At Co., Inc., Allison-Williams Co., Almstedt Brothers, Arnhold and S. Bleichroeder, Inc., Atwill
and Co., A. E. Aub At Co., Auchincloss, Parker At Redpath,
Bacon, Whipple At Co., The Bankers Bond Co., Inc., Bar¬
row
Leary At Co., Jack M. Bass & Co., Baum, Bernheimer
mortgage
<
Bear, Stearns & Co., Biddle, Whelen & Co., Bioren
Boettcher and Co., Bosworth, Chanute, Loughridge
& Co., J. C. Bradford At Co., Braun, Monroe and Co.,
Frank B. Cahn At Co., Caldwell Phillips Co., C. F. Cassell
Co.,'
;
.
At Co.,
''
I
!
"•
Clay-
At Co..Central National Corp., City Securities Corp.,
ton Securities Corp,, Cohu & Torrey, C. C. Collings At
1
'
/;
\
■
hV'V
Co.,
Cooley At Co., Courts & Co.,
V ;• sv-f'1-i iHouse & Co., J. M, Dain At
>
4
Co., R, L. Day & Co., Dempsey At Co., John M. Douglas,
"V
' '
v
i
Francis I. duPont At Co., Elkins, Morris At Co., Clement
i
s
■'
A, Evans & Co., Inc., Ferris & Co., Inc., Field, Richards
Vr i
& Co.,
The First Cleveland Corp., Foster At Marshall,
Glore, Forgan At Co., Graham. Parsons At Co., Granbery, ,/'t ''-1
' •" ' ''
Marache & Lord, Green, Ellis At Anderson, Greenman At 'v'",
--i.v
*
1
Cook, Inc., Gregory & Son, Inc., Hallgarten & Co., J. B.
J,'-'
''''
Hanauer & Co., Hannahs, Ballin & Lee, Ira Haupt At Co., £
Robert Hawkins At Co., Inc., Hayden, Stone At Co., Heller,
Bruce & Co., Hill At Co., Kenneth B. Hill At Co., HornJ i
^ y
blower At Weeks, Johnson, Lane, Space At Co., Inc., Thomas 4
1
<"
<•
Kemp At Co., A. M. Kidder & Co., Laird, Bissell & Meeds •
AA'jAi;
M'-".:
Leedy, Wheeler & Co., Loewi & Co., Martin, ; Burns &
.1
Corbett, Inc., Marx & Co., Mason, Mo ran At Co., Morris
j
' Mather & Co., McMaster Hutchinson & Co., Wm. J.
i:
•i
Mericka At Co., Inc., Metropolitan St. Louis Co., Milhous,
;'
-Martin At McKnight, Inc., E. W. At R. C. Miller At Co.,
7,000,000
; Minsch, Monell & Co., Moore, Leonard & Lynch, Mullaney, ^
1
; V'-'--,'V.;:^Ross & Co., Nashville Securities Co., The National Co. of ;i;':
[ i; \
:
Omaha, W. II. Newbold's Son & Co., Newburger At Hano, fi
,!
Newhard, Cook At Co., Nusloch, Baudean & Smith, Alfred ',;j
O'Gara & Co., The Ohio Company, Otis & Co., Pacifio y
L :
•
Northwest Co., Park-Shaughnessy & Co., Patterson, Cope1 '
land & Kendall, Inc.,. Peters, Writer & Christehsen, Inc., '
Phelps, Fenn & Co., Wm. E. Pollock At Co., Inc., F. L. ;?f
}. •
'
Putnam & Co., Inc., The Ranson-Davidson Co., Inc.,
|. .. ..
• y,.
Rauscher, Pierce & Co., Inc., Reinholdt & Gardner, Daniel ^
/'A.'
i
:
F. Rice At Co., Riter At Co., The Robinson-Humphrey Co.,
Inc., Julien Collins At Co.,
Cruttenden & Co., Curtiss,
:
;
-
i
:
v
&
,
'
'
'
1
,
I
Gardner,
Wm. E.
f'
Pollock & Co., Inc., Putnam & Co.,. The
Rauscher, Pierce & Co., Inc.,
w
Co., Inc.
>
■
J
r
r
.
•
-■
;:i
Hutton & Pomeroy; ;,A
Inc., Schwabacher & Co., Scott, Horner & Mason, Inc.,
Shields & Company, Robert Showers, Sills, Minton & Co.,
Inc.,
Singer,
Deane & Scribner, Starkweather & Co., 4;
Stein Bros. & Boyce, Stix & Co., Walter Stokes & Co.^f-i.
Suplee,
Yeatman & Co., Inc.,
Swiss American Corp.,
Thomas & Co., E. -W. Thomas & Co., Townsend, Dabney '
& Tyson, Wachob-Bender Corp.i Weeden & Co.. Inc., Weil
r,;,;
-
•
'
t'
'
^
.
^\
r
.
'
V ^
'(
;A
320,00(1 O'SuIlivan
vT
.-i'v's
-
Nov,
1,
Purpose,
1980.
Lee Higginson Corp.
f0
'>
^
,
"
..
A
-
■
y
,
series
due
A,
101.43.
1,
Sept.
.
1
i
j
'
=/A
1965.
Placed privately with
mortgage bonds, due 1966.'
Purpose,
Price, par.
Sold privately to
properties.
:
-
•
v
!
Life Ins.
Co.
,
Purpose,
.
serially
300,000).
*
2.85%
Corp.
Placed privately.
*600,000 Maine &
mortgage
I
New
Brunswick
-
Electrical
:
Co.,
Ltd.,
($31,100), pay demand notes
improvements, etc. ($228,900).
■■
; ;;
10iy«
&
Purpose, refunding.
bonds
27/a%
100.50
:
Mutual
and
Life
*13,000,000 Pacific Gas
bonds,
burse
Sold
series
Service
Co.
1st
series, due
1975.
interest.
Sold
Insurance
&
O
treasury
Co.
1,
1953.
*
&
■
trust
Price,
and collat. trust
refunding.
Price,
privately to Massachusetts
'/
mortgage
'"■r
'
It
>
A,-
■Z.*?.?>.-■
Co.
*■"
]
'
I
j
j
}
i
'
.
privately to Crocker First National Bank.
Mutual Xffe
Insurance
^
interest.
expansion and working capital.
Price,
Offered by Kobbe, Gearhart & Co.
,
t
~
Gas Co. 12-year 414% sinking fund
debentures, due .,Dec.
1,
1957.
Purpose, purchase of
properties, etc.
Price," 103 and interest.
Offered by
Eastman, Dillon Ac Co., Smith, Barney Ac Co., Kidder,
Peabody Ac Co.; Union Securities Corp., Hemphill, Noyes& Co., Lee Higginson Corp., F, S. Moseley Ac Co., Shields
Ac Co., G. H. Walker Ac Co., Graham, Parsons Ac Co.,
,
,
.
.j
.
.
_
ry'
.
,
*
,
Riter Ac Co., McDonald Ac Co., Bioren Ac Co., Laird, Bissell
i
V
Ac
•
1
:
y
Starkweather
Meeds,
Ac
Co.,
Stein
Bros.
Boyce,
Ac
Doolittle, Schoellkopf Ac Co., Hamlin Ac Lunt, Hill Richards
:
&
Co.
and Quail Ac Co.
Propane Gas Co. 15-year (3%, 4% and 5%)
debentures, due Sept.
1, I960.-;. Purpose, payment forproperties,
Issued to Phillips Petroleum Co. as "part of
purchase price of properties.
*3,000,000 Suburban
'
v t
.
*30,000,000 Transcontinental As Western
debentures, due June 1, 1956.
ment.
Placed privately
Society of the U. 8.
>
Air,
Inc.
3%
sinking
fund
Purpose, purchase of equip-
Equitablei Life
with
-
-
,
Assurance ;
4
>,000
$60,500,
INVESTMENT
TRUSTS,
TRADING,
HOLDING,
"
1960.
ETC.
debentures, due Dec.. 1,
^$2,650,000 General Shareholdings Corp. 3%
repayment of bank loans.
Price, 101%
Offered by Union Securities Corp., The First
and
*
Corp; an< Lehman Brothers,
Purpose,
and interest.
;
Boston
f
Stocks
;
•
1
(Preferred stocks of a stated par value are taken at par, while pre4- ierred stocks of no par value and all classes of common stock are1;
computed at their offering prices.)
&
Lehman
Co.,
&
At
v
'
-
Ladenburg,
Brothers,
•
V';
• w*
t
<;
*,
'
L
^
4,^.
i
'
,
of
common
stock
Peabody At Co., G. H. Walker At Co..
C. Langley At Co., Lee Higginson '
Beane, Kidder,
Co.V. Reynolds At Co., Chas. W. Scranton At Co., Stix As
'Co:;:- Van Alstyne, Noel At Co., Boettcher At Company,.:
Bosworth, Chanute, Loughridge At Co., Richard W. Clarke,
i. Corp.^ E. W. Clucas At Co^, Julien Collins At Co., Hamlin
8s Lunt, Jenks. Kirkland At; Co., "X 'K. Masten A: Co;,
" ! Metropolitan
St. Louis Co.,
Moore, Leonard At Lynch,
Mullaney, Ross At Co., The Ohio Company, I, M. Simon
y As Co., Stern Brothers At Co., Stifel, Nicolaus At Co.. Inc.,
Alex. Brown At Sons, Kirkpatrick-Pettis Co. and Smith,
"
'
)
shares
Corp., Paine, Webber, Jackson At Curtis, Shields At Com-;.
pany, Central Republic Co. (Inc.), Coffin & Burr, Inc.,!
Hallgarten At Co.,-Laurence M. Marks At Co., McDonald
At Co., Newhard, Cook At Co., Reinholdt At Gardner, E. H.
Rollins At Sons, Inc., The Wisconsin Co., Bateman, Eichler
At
Co., Estabrook -At Co., Pacific Co. of Calif.,'Pacific,;
Northwest .Co., Stein Bros. At Boyce,
Baker, Weeks At
Harden, A. G. Edwards At Sons, Equitable Securities Corp.,
Granbery, Marache At Lord, Hawley, Shepard^At Co., Ed¬
ward D. Jones At Co.,- Laird, Bissell At Meeds,. Loewi At
"
V
500,000
Hornblower At Weeks, W.
'
% "'i
'■".yi
I
*
RR.
(par
$5).
Purpose,
acquisition of * properties. ' Price,
$10.90 per share.
Offered by Merrill Lynch, Pierce, Fenner
7.
1st mortgage bonds due
refunding.
Placed
Co.
Terminal
$5,450,000 Illinois
,
'
Moore
e
Ac Co,
~
•
PUBLIC UTILITIES
Kraus, Bear, Stearns
& Co.,
A.
G. Becker &
Co., Inc.,
Blair & Co., Inc., William Blair & Co., Blyth & Co., Inc.,
Bosworth, Chanute^ Loughridge 8s Co., Alex. Brown 8s
Sons, Frank B. Cahn & Co., Central Republic Co. (Inc.),
E. W. Clark & Co., Clark, Dodge & Co., Coffin & Burr,
Inc.; C. C. Collings and Co., Inc., Julien Collins 8s Co.,
Curtiss, House & Co., Dempsey-Tegeler & Co., Dick &
Merle-Smith,
Dillon,' Read
8s
Co.,
Inc.,
Dominick 8s
Dominick, Drexel & Co., Eastman, Dillon 8s Co., Elkins,
Morris & Co., Emanuel «fe Co.; Equitable Securities Corp.,
8s
Co.,
Clement
A.
Evans
&
Co.,
Inc.,
JlQfOOOB^O
Central Power & Light Co., Texas 100,000 shares of 4%
cumulative preferred stock (par $100).
Purpose, refund-"
4"'" V"t4- ing;:-' Price," $102.75 per share and dividend.' Offered in
,»
exchange to holders of old preferred stock. 'Unexchanged
shares offered by The First Boston Corp., Blyth
At Col,
Inc., Goldman, Sachs At Co., Harriman Ripley At Co., Inc.-,
-Kidder, Peabody At Co., Mellon Securities Corp., Central
Republic Co. (Inc.), Coffin At Burr, Inc., Merrill Lynch,'
Pierce, Fenner At Beane, F, S. Moseley At Co., E. H. Rollins
6s Sons,
Inc., Shields At Co., Tucker, Anthony. At Co,,
r-:4":fvV;white, Weld At Co., Hallgarten At Co., R. W. Pressprich
\/
/
«
;
vi.'1;
,,
,i,}y E. M. Newton At Co., J. J. B. Hilliard At Son and Kirk-
Clark & Co., The First Boston Corp., The First Cleveland
•'
Corp., First of Michigan Corp., Gerstley, Sunstein & Co.,
A-C; Glore, Forgan & Co., Graham, Parsons & Co., Granbery,
■V';*;;,
vt
Marache & Lord, Hallgarten & Co., Halsey, Stuart &
Co., Inc., Harriman Ripley 8s Co., Inc., Harris, Hall &
-
Co.,
At Co.,
Putnam At Co., Whiting, Weeks & Stubbs, The
Wisconsin Co., Dean Witter At Co., Merrill, Turben At Co.,
-:
■'
Fahey,
r-.i
:
patrick-Pettis Co. -...".7
;
,'
,
.
.
Price,
Inc., Frederic H. Hatch 8s Co., Inc., Hawley, Shepard
& Co., Hayden, Miller & Co.,. JEIayden, Stone & Co.,
Hemphill, Noyes & Co., Henry Herrman & Co., Hornblower
8s
Weeks, W. E. Hutton & Co., The Illinois Company,
Johnston, Lemon Ac Co., Kebbon, MoCormick Ac Co., Kidder,
Peabody Ac Co., Kirkpatrick-Pettis Co., Kuhn, Loeb Ac Co.,
to
Carl M. Loeb, Rhoades Ac Co., McDonald Ac Co.,
Mackubin, Legg Ac Co., Laurence M. Marks Ac Co., A. E.
Masten Ac
Co.,. Mellon Securities Corp., Merrill Lvnch,
Pierce, Fenner Ac Beane, Merrill, Turben Ac Co., Metro¬
politan St. Louis Co., The Milwaukee Co., Mitchell, HutAc Co., Moore, Leonard Ac'Lynch, Morgan Stanley
chins
&
Co., F.
S. Moseley Ac Co., Maynard H.
March Ac Co.,
$102 per share and dividend.
holders
offered
by
of
preferred
7%
The
First
stock.
Corp.,
Boston
Offered in exchange
Unexchanged
shares
Harris, .Hall At
ico.
r
,
At Co.,
White, Weld At Co., Laurence M. Marks A:
wCo., Julien Collins At Co. and R.
.
7
thony
Shields At Co., Tucker, An-
F. S. Moseley At Co.,
(Inc.),
*
.w. C. Langley As Co., Lazard Freres Ac Co., Lee Higginson
Corp.,
^
"3,800,000 Sioux City Gas 8s Electric Co. 38,000 shares of 3.90%
^ cumulative preferred stock (par $100). Purpose, refunding.
•
,
Purpose,
and
>
'
r
and Kalman
Estabrook
Co. 1st and refunding mortgage
3%, due Dec. 1, 1975.
Purpose, reim¬
for
capital
expenditures.
Price,. par.
note advances, reimburse treasury for uncapitalized
expenditures, etc. ($16,193,970). Price, 102,45 and interest.
Offered by Halsey, Stuart & Co., Allison-Williams Co.,
Almstedt
Bros.,
Ames,
Emerich &
Co.,
Inc.,
Geo. G.
Applegate, Arnhold and S. Bleichroeder, Inc., Atwill 8s
Co., A. E. Aub & Co., Auchincloss, Parker & Redpath,
Bacon,
Whipple & Co., Ball, Burge Ac Kraus, Baliou,
Adams & Co., Inc., Bankers Bond Co., Inc., Barrow, Leary
& Co., Jack M. Bass & Co., Bear, Stearns & Co., Bioren
& Co., Blair & Co., Inc., William Blair & Co., Boettcher
& Co., Bosworth, Chanute, Loughridge & Co., J. C. Bradford & Co., Braun, Monroe 8s Co., Burr & Co., Inc., Cald¬
well Phillips Co., C. F. Cassell &
Co., Central National
Hancock
4,500,000 Suburban- Propane
*i,v,
Purpose,
& Co., Inc., Ames, Emerich 8s Co., Inc., Arnhold and S.
Bleichroeder, Inc., Bache & Co., Bacon, Whipple 8s Co.,
Baker, Watts & Co., Baker, Weeks & Harden, Ball, Burge
v
(
Electric
pay
John
and
'
Price,;;
75,000,000 Pacific Telephone & Telegraph Co. 40-year 2%% debentures, due Dec. 1, 1985. ^Purpose, refunding ($58,806,030),
;
i
;
.
„
t
Purpose,
.
mortgage
,
150,000,000 National Dairy Products Corp. 2 % % debentures, due 1970,
Purpose, refunding.
Price, 101% and interest.
Offered
by Goldman, Sachs & Co., Lehn&n Brothers, A. C. Allyn
i
*1,000,000 Maine Public
■
Dec.
,
,
by Bear, Stearns 8s Co J
Offered
t
Co.
Ai
in-
institutional
340,000 Indiana Steel Products Co. 12-year 5 % sinking fund debentures (with warrants to purchase 4 shares of common
stock for each $100 debenture held).
Purpose, corporate
purposes.
Price, 112 and interest. -Offered by Brailsford
;\A '
and interest.
1st
Purpose, acquisi¬
•;
-
due Dec. 1, 1965.
v-
($340,-
collat.
Inc.,
t
RAILROADS
Mellon Securities
Corp.,
Merrill Lynch, Pierce, Fenner & Beane, Paine,
Webber, Jackson & Curtis and Kuhn, Loeb & Co.
Sold privately to Equitable Life Assurance Society of V'
and
Co.,
*22,000,000 RKO Theatres, Inc; 3% debentures, due 1966.
Purpose,
refunding.
Price, sold above par!
Placed privately with
;♦
Equitable Life Assurance jSociety of. the U.- S. through ;
Lehman Brothers,
v
the U. S.
mortgage
Paper
MISCELLANEOUS
sinking^und loan.
Kidder, Peabody & Co., Eastman, Dillon & Co.,
1
1st
construction,
1,200,000 Maine Public Service Co. 1st
bonds 27/e% series, due 1975.
&
Placed, privately.
($707,-
$1,000,000 Burrillville Racing Assdciation 6% 20-year debentures, due
Sept. 1, 1965.
Purpose, construction of race track.
Price,
$500 per unit of $500 principal amount of debentures and*
5 shares of common stock
(no par);! Offered by Barrett
.
A
,
par.
1
■!
to
Thalmann
mortgage
Power
Purpose,
$82,280,000
.
i
(Canadian dollar) bonds 334% series, due 1975. ;K
refunding
Purpose,
1st
000;,
;
i
10-year 33/4%
privately.
bonds.
($3,200,000), corporate purposes ($l,-,y
Gas
refunding
mortgage
,
*6,500,000 General Steel Castings Co, 3 %
Nolan, Inc:, Hamlin & Lunt, J. J. B. Hilliard & Son,
Kirkpatrick-Pettis Co. and Vietor, Common, Dann & Co.
)
100
'
-
A^^tAAl^At'A^Vestors through Kidder, Peabody & Co.A;p;:,f.''";
:
Co., The Illinois Co., Putnam & Co., Chas. W. Scranton
& Co., Stein Bros. & Boyce, Stroud & Co., George D. B.
Bonbright & Co.,' Doolittle, Schoellkopf & Co., Folger,
*4,500,000 Houston Natural
Co
MANUFACTURING
*5,000,000 Carnation Co. 20-year 2% % debentures,
Purpose, refunding.
Sold privately to
,
Weeks & Stubbs, The Wisconsin Co., Hayden, Miller 8s %
«
;
1965.
y
Purpose, refunding ($336,000), working capital ($264,000),
Placed privately with Mutual Life Insurance Co. through
Goldman, Sachs At Co.
■
"
•
J, A
I {
Bag
^
A
( .':
due
'm
acquisition of
John Hancock
/AN¬
OTHER INDUSTRIAL AND
Dodge & Co., Coffin & Burr, Inc., Dominick & Dominick,
Harris, Hall & Co. (Inc.), Hemphill, Noyes & Co., W. E. ;
;
Hutton & Co., W. C. Langley & Co., Lee Higginson Corp.,
,iy.r' Merrill Lynch, Pierce, Fenner & Beane, F. S. Moseley & I
J ; '
Co., Fhelphs, Fenn & Co., R. W. Pressprich & Co., Spencer A
'
Trask & Co., Tucker, Anthony & Co., White, ;Weld & Co.,
i yifAlex. Brown & Sons,
Equitable Securities Corp., Whiting, ;;
1
bonds,
mortgage
/. 300,000 Wilcox-Gay Corp. 20-year 5% convertible debentures, due
■
Purpose, refunding.
Price,
Institutional investors.
1st
A
LI. '
4% .1st
Corp.
*200,000 Trinidad Electric Transmission Railway & Gas Co. 3J/2%
♦$600,000 Automatic Products Co.
Securities Corp., Schoellkopf, Hutton & Pomeroy, Inc.,
Smith, Barney & Co., Central Republic Co. (Inc.), Clark,
'
'
;
due
'
bonds 3^4%
1st mortgage
Gas Co.
Natural
*2,100,000 Southwest
•
Kidder, Peabody & Co., Kuhn, Loeb & Co., Lehman Brothers, Mellon
bonds,
Purpose, .refunding.
*2,500,000 (S.'D.) Warren Co. 1st .(closed)- mortgage 20-year-3
sinking fund bonds, due Dec. 1, 1965.
Purpose/ refunding
($1,095,000),
corporate - purposes' ($1,405,000).
Placed;
..privately.
.
;
'*
Shaughnessy & Co., Patterson, Copeland & Kendall, Inc., r
tJlttiel'F. Rice1 At Co., Sills, Minton & ton Inc.; Stein
Walter Stokes &
Bros. & Boyce, Stern Brothers & Co.;
"■
- ■ 1
'
Co., Thomas & Co., Wachob-Bender Corp., Welsh, Davis
and Co., The White-Phillips Co., Inc., Harold E. Wood &
Co., Woodard-Elwood & Co., Wurts, Dulles & Co., and jF, S.. Yantis' Ac Co., Inc.
.
•
r
'
$176,590,000
Inc.,
^
-
'
& Co.,
Advance
Insurance
-
Hutchinson & Co., .Mullaney, Ross & Otis The National
Co. of Omaha, Alfred O'Gara & Co., Co., & Co.; Park-?
series K, due >
refunding. ;; Placed privately by: A;
Co., Harriman Ripley
Rubber
of timberlands.
tion
r
56,929,000 Buffalo Niagara Electric Corp. 1st mortgage bonds 2%%
r
series, due 1975.
Purpose, refunding. - Price, 102.06 and *$
i
: - • interest.
Offered by Morgan Stanley & Co., Blyth & Co.,
{'-''A;Inc., Drexel & Co., The First Boston Corp., Goldman,! A
&
1955.
2.45% notes, due semi-annually 1946-53.
i
1
1
Sacks
1stj mortgage
.
l,
*7,500,000 U. S. Industrial Chemicals, Inc. -15-year 3% sinking fund
notes.
Purpose, expansion; Sold privately to Mutual Life
,
*$6,961,000 Bridgeport Hydraulio Co. 1st mortgage 3%
;
4%
Corp^
1947-July
($1,338,000), acquisition of timberlands
Placed privately. ■
*1,995,000 Southern
,
Mutual
!
;
Offered by C. F. Cassell 8s Co.
refunding
.
000).
-
$67,465,000
,
1,
*2,045,000 Southern Advance Bag & Paper Co., Inc. 1st
3.2% serial bonds, due semi-annually 1953-1960.
'
f
',
TIT1T.TTTF.S
UTILITIES
•
Boyce;
serially Jan.' 1, 1947-July 1, 1955.
Purpose, refunding
($46,000), additions, etc. ($134,000).
Price, 95 and in¬
terest.
Sold to Peoples National Bank of Charlottesville.
;
-
-
:
PTTM.lf!
PUBLIC
&
„
.Inc.
•
Rubber
*180,000 O'SulHvan
;
"
New York Central RR. W2. % equipment trust certificates,
due annually
1947-56. ^Purpose, purchase of equipment.
Priced to yield from 0.90%
according to maturity. {
Offered by Halsey, Stuart & Co., Inc., Blair & Co., Inc.,
Equitable Securities Corp.; Harris, Hall & Co.'.: (Inc.),f'
Otis & Co.
(Inc.), R. W. Pressprich & Co., L, F. Roth- ;
child & Co., The Illinois Co., Putnam 8s Co., Alex. Brown !
& Sons, First of Michigan Corp., Hayden,
Miller & Co.,
Julien Collins & Co., McDonald & Co., Mullaney, Ross &
Co., Nashville Securities Co., The First Cleveland Corp.,:!
Yantis &
Co., Inc., Singer,
Deane & Scribner, C. C.
Collings & Co., Inc., and Patterson, Copeland & Kendall,
'!'•
.
r
Jan.
Price, 101.559.
.
Inc.
Alfred O'Gara & Co., Kebbon, McCormick & Co., Mason, jy
& M<>ran & Co., Schwabacher & Co., Thomas & Co., F. S. :•
•,
'
•iserially
'i
'3,000,000 Sioux City Gas & Electric Co., 1st mortgage and collat.
t,
trust bonds 2%%
series, due 1975. , Purpose, refunding.
Price, 100.625 and interest.
Offered by Halsey, Stuart &*".'
Co., Inc., Allison-Williams Co., Ames, Emerich & Co.;Inc.,
Baum,
Bernheimer Co., Bioren & Co., . Caldweil5^
Phillips Co., Cruttenden & Co., Dempsey & Co., John M. ;
Douglas, Greenman & Cook, Inc.,. Carter H. Harrison ArM
Co., Kalman & Co., Inc., Martin, Burns & Corbett, Inc., ^
Mason, Moran & Co., Morris Mather & Co., McMaster ,
Wrigtit & Co. and F. S. Yantis & Co., Inc.
17,700,000
..'
Schoellkopf,
Co.,
white,
.
:;
&
& Arnold, Welsh, Davis & Co., Wheelock & Cummins, Inc;y;? A
Hattier & Sanford, The White-Phillips Co., Inc., A;;
Harold
E.
Wood
& Co., Woodard-Elwood & Co., F.
J.
•
-
Rothschild
L. F.
;t.
•.
Bros.
^^^^^/.^rYarnall Ac Co.;.''V<''K,»ij&y":
Philadelphia Transportation Co. 1st and refunding mort¬
gage 3%%
bonds, series B, due Dec.- 1, 1970.
Purpose,
refunding.
Price, 101 and interest.. Offered by Drexel
& Co., Blyth & Co., Inc., Alex. Brown & Sons, Harriman v
Ripley & Co., Inc., Kidder, Peabody & Co., Smith, Barney
& Co., Biddle, Whelen & Co., Riter & Co., E. H. Rollths%
& Sons, Inc., Stroud & Co., Inc., Yarnall & Co., E. W, J
Clark & Co., Graham, Parsons & Co., W. H. Newbold's ;
Son
&
Co., Stein Bros. & Boyce, Battles & Co., Inc.;
Bioren
&
Co.,
Buckley Brothers, Butcher & Sherrerd,
DeHaven & Townsend, Crouter & Bodine, Elkins, Morris Xr
.Tannnv
Ar. Pn
Npwhnrffpr 8r. Hn.no
Schmidt. Poote
& fr,
Co., Janney & Co., Newburger & Hano, Schmidt, Pool* :
& Co., Sheridan, Bogan Co, and Suplee, Yeatman & Co*,
'
■-
-
•
,
Stein
Ac Co., Stifel, Nicolaus Ac Co., Inc., Swiss
American Corp., Tucker, Anthony 8s Co., Union Securities'
Corp., G.
H, Walker Ac Co., Watling,: Lerchen Ac Co., C
Wertheim Ac Co., White, Weld Ac Co., Whiting, Weeks Ac '?
Stubbs.
The
Wisconsin
Co.,
Dean
Witter
Ac Co.
and
\ ;
'
'
Starkweather Ac Co.,
Co.,
Ac
f) Stem Brothers
,
,
.
Barney
V
Hannahs,
Davidson Co., Inc.,
Reynolds
■
j
Reinholdt & Gardner, Daniel F. Rice & Co., The Robinson- A;
Humprey Co., Hartley Rogers & Co., E. H. Rollins & Sons,M
Inc., L. F. Rothschild & Co., Salomon Bros. & Hutzler, M.-:h
a. Saunders & Co., Inc., Schmidt, Poole & Co., Schoellkopf, i
Hutton & Pomeroy, Inc., Schwabacher & Co., Seasongood
"
"
& Mayer, Sheridan, Bogan Co., Shields & Co'., ~ "
Robert !;
Showers, Singer, Deane & Scribner, Smith, Moore & Co., &
Starkweather & Co., Stein Bros. & Boyce, Stern Brothers .;:
& Co., Stifel,
Nicolaus & Co., Inc., Stix & Co., Walter ;?
Stokes
&
Co.,
Swiss American Corp., Thomas & Co.,
Townsend, Dabney & Tyson, Wachob-Bender Corp., H. C.
Wainwright & Co.,
Weil & Arnold,' Wertheim
Co., !.
Wheelock & Cummins, Inc.y
White, Hattier & Sanford,!;:
White-Phillips Co., Inc., Harold E. Wood & Co., Woodard- 1
Elwood & Co., Wurts, Dulles & Co. and F. S. Yantis As t
C
,
Co.,
Ranson-
-
,
Ac
,
At Son, At Co, Carter
•;
■
Co.,
At
Hanauer
Newhard, Cook &; Co., Paine,
Curtis, Piper, Jaffray Ac Hopwood,
Co.,
Putnam Ac Co., Reinholdt &>
Ac Co., Riter Ac Co., E. H. Rollins Ac
Ac
Pressprich
Sons, Inc., L. F. Rothschild Ac Co., Salomon Bros. Ac
;i'■;!'/'j.Hutzler, Schwabacher Ac Co., .Chas," W. Scranton Ac Co.4,
Shields Ac
Company, Singer, Deane Ac Scribner, Smith,
•,•
,
Hallgarten & Co., J. • B.
Inc.,
Son,
At
W.
R.
Ballin & Lee, Wm. P. Harper ;
H. Harrison At Co., Ira Haupt At Co., ;:
Hayden, Stone At Co., Hill At Co., Kenneth B. Hill At Co., i
Hirsch At Co., Investment Corp. of Norfolk, Johnson, Lane,
r.
Space At Co., Inc., Thos. Kemp & Co., Kinsley At Adams, j
Laird, Bissell At Meeds, Lawson, Levy At Williams, Loewi <
8s Co., Martin, Burns & Corbett, Inc., Mason-Hagan, Inc.,
;
Mason, Moran At Co., A. E. Masten At Co., Morris Mather t
&
Co., MqDonald & Co., McMaster Hutchinson & Co., ,
E. W. & R. C. Miller & Co., The Milwaukee Co., Minsch,
i
Monell & Co., Moore, Leonard & Lynch, Mosle and More- i
land, Mullaney, Ross & Co., Nashville Securities Co., W. !
H. Newbold's Son & Co., Newburger & Hano, E. M. Newton - j
& Co.,
Alfred O'Gara & Co., Otis & Co., Pacific Co. of
Calif., Park-Shaughnessy & Co., Patterson, Copeland &, >■
Kendall, Inc., Perrin, West & Winslow, Inc., Peters, Writer t
& Christensen, Inc., Phelps, Fenn & Co., Phillips, Schmertz |
A:
;
ft
'•
Gregory
Co.,
of Omaha,
Jackson
Webber,
Graves At Co.,
Gordon
National Co.
'
'
.
The First Cleveland Corp., Foster & Marshall, .
Parsons At Co., Granbery,-Marache & Lord,; j,
Green, Ellis At Anderson, Greenway .
Co.,
Graham,
Maturing Later
Five Years)
Than
.
Co.,
At
-
.
Long-Term Bonds and Notes (Issues
*
;
;
Clayton
V-v.;3At
3,434,335 Bioux City Gas
"
mon
stock
$28,875
per
stockholders.
L. Day At Co.
.'
8s Electric Co. 118,938 shares
(par
share!
$12.50).
Purpose,
Offered
Unsubscribed
Stearns As Co., Livingstone Ac
J
refunding.
for subscription
Price,
to commop
by.
Bear,
Co., Newhard, Cook
As Co.,
shares
offered
-
of cottL-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4459
163
& Co., W. C. Langley & Co., Lazard Freres & Co., Lee
Higginson Corp., Lehman Brothers, McDonald & Co., Paine,
Webber, Jackson & Curtis, Reynolds & Co., E. H. Rollins
& Sons, Inc., Stroud & Co., Inc., Union Securities Corp.
The Ohio Co., Sills,
& Co., Loewl & Co.,
Moran
Mason,
*'•'
777.-7VMinton & Co., A. G. Edwards & Co.,v Alfred O'Gara &
777w7J7;'7- Co., Allison Williams & Co., Bosworth, Chanutte & Loughridge & Co., Dempsey, Tegeler & Co., First Securities Co.
;
of Chicago, O. H. Wibbing & Co., Taussig, Day Si Co.,
'
Y'
♦
:
.'
,
&
Kalman
and
Co.
and
•5^'' 4,160,000 Washington Gas Light Co. 40,000 shares of $4.25 cumulafcwdiSw five preferred stock, (no par). . Purpose, refunding.
Price,
$104 per share and dividend.
Offered in exchange for
777'77^7 •'' 5% preferred stock.
Unexchanged shares offered by
Y\v«; 7
Alex. Brown & Sons, Auchincloss, Parker & Redpath,
J.,.:
;
j0nnston, Lemon & Co., Folger, Nolan, Inc., Goodwyn &
Olds, Mackall <fc Coe, Ferris, Exnicios St Co.,vine., Robin-.,
son, Rohrbaugh .& Lukens and Robert Q. Jones & Co.
;
$21,394,335
'J, fa'.
proximately),
&
7
MANUFACTURING
AND
V
Maine
First
:
,
7/7
•77'
*
.
...
.
.
.
•''7717777:
'
S.
f
,
& Co., F.
Curtis, H.
Central
Republic Co, (Inc.), Hemphill, Noyes
Moseley & Co., Paine, Webber, Jackson &
Payson & Co./ E. H. Rollips & Sons, Inc.) Hornblower
Co.,
Weeks, R. W. Pressprich & Co„ Whiting, Weeks &
Stubbs, Charles H7 Gilman & Co., Ingalls & Snyder, Maine
M.
M.
'
&
v
p
iiiiiaii
Securities Co. and Pacific po, of Calif
■
7V 7
'
$7.75
*
'
'
1
•
per
Co., " Inc.,
•
R.
Gforge
Cooley
Torrey.7 )
&
and
Inc.
Co.,
ferred stock
Fenner &
Pierce,
300,000 Duraloy
through
privately
Beane.
Placed
$100
•
.
if,,
v<.
'
f
-
,
0! '
■;
'
/
r
k
'
*
*
.
Co.,
7.
•
!,
Co.,
&
250,000
shares
of
&
Inc.,
Co.,
Si
(120,778) offered
by
Central
Republic
Co.,
Paine,
Webber,
Securities
Adamex
Co.,
&
Corp.,
Dean Witter & Co.,
Stone & Co., The
den,
Jackson
& Co.,
.
G.
Curtis,
'
& Co.,
.
Co.; Kebbon, Mc-
Milwaukee Co., Riter & Co.,
*
„
Swiss
'
.
roeder,
.
i
Inc.,
Leonard
&
;
Ss
r
7
Hopwood,
Reinholdt
&
&
Gardner,
Cruttenden
Co.,
Bosworth/
Co.,
&
J.
Chanute,
& Co.,
■777) Dempsey & Co., Henry Herrman & Co., Kirkpatrick-Pettis
:"'s Co., Loewi & Co., Peters, Writer & Christensen, Inc., Sills,
Minton & Co., Inc., Stix & Co., Sullivan & Co., Harold
E. Wood &
Co., Wood&rd-Elwood & Co. and Yarnall & Co.
/7
tion of constituent companies, working capital.
per share and
%.
,77,
298,350 Firth Carpel Co< 35,100 shares of common stock (ho par)
Purpose,, working capital.
Price, $8.50 per share.
Offered,
\ by
Reynolds Si Co. and Gillen & Co, ■
A. C.
Allyn & Co.,
*• Weeks
7
;.
&
Corp.,
&
■*',777'
C.
Goodbody
Dempsey
&
Baker,
Baker, Simonds & Co.,
Inc.,
Harden,
&
First
Co.,
Hornblower
Co.,
Weeks,
&
,! ;Y
7.. :7'-
Kalman
Co., Inc., Lester & Co., Piper, Jaffray & Hopwood, W.
Roney & Co., Stein Bros. & Boyce, Watling, Lerchen
■
,
' & Co. and Whiting, Weeks Si Stubbs.
,
Manufacturing
share.
Purpose,
Offered
Co.
purposes.
•
..
7>_7'
miscellaneous
Gardner.
1,500,000 Hammermiil Paper C«. 15,000 shares of 4V* 'U cumulative
-
;
M.-Byllesby dc Co. (Inc.), Central Republic Co.
(Inc.),
Graham, Parsons & Co., Hallgarten 81 Co., Shields & Co.,
„
'-:y-
"7,,'
v, •*
r
7
\t
;
7ft
-
;
7(^7
^ i'*"
4
Y
V-,;
Y
Co. 22.475 shares of common stock
(par $2).
Purpose, working capital.
Price, $3.25 per
snare.
Offered by White, Noble Si Co.
Y/
72,475 Kublman. Electric
7
i
i
s
-
Tool
convertible
v
of
.
S'f
V
,
Y
•
Corp.
preferred
stock
comtnon
shares
60,000
stock
1
(par
(par
■fii
share
preferred
and
cumulative
6^
and
$5)
120,000
Price,; $5
stock
of
Offered
* *,
&
Co.
7
•
-
/
.
623,921 Mary
7
Y7 7:.7.; //•
1
7
•
-y
Lee
Kobbe, Gearhart & Co.
-
S. A.
> >
>
»•
,
shares
6'/«
cumulative
stock
,
share.
per
Si
i
7
fi,
75
par
pesos
share,
per
7finance construction of -
pose,
•
Offered
Shields
by
Weld
White,
Co.,
Auchincloss,
&
Parker
Mexican
Co.,
&
H.
E.
Redpath,
Si
currency).
steel
new
mill.':
Navigation
-7
,
Co.,
Hemphill,
Rollins
J.
C.'
&
$16
Noyes
Inc.,
Sons,
Bradford
1
'
by Shields Si Co.
,
'vY
■
and Co.,
'
Sears
„
.
Co.,
'
F.
&
Newhard,
Baker,
Chapman
&
&
Co.'
77:7'7-!v77
Si
Daniel
Co.,
Rice
F.
Reinholdfc & Gardner,
Vietor,
<7 Si
«'•
,
(no
5
>
-r
par).
Corp.
$4.50
Price,
Co.,
Vance Si Co.
' '
'
.
/7
*2,304,000 Noma
77''7;77.7
Electric
Co.
96.000
shares
stock
common
Smith,
7;"Y
•7
&
>
Co.
628,500 O'Suilivan
stock
r^V.yj'i'V pany)unit
Corp.
and
shares
shares
of
of
common
•l'-'
i
i'"
one
share
'
f
'
of .preferred
and
shares
5
7
7:
7'v
'
.
;i.
,
.
;;
,7 v
.
Offered by Loewi &
lative
Steel Car Co.,
preferred
of
•>
Offered
Co.,
Crowell,
by
Eastman,
Dillon
convertible
pre-
t'
Y;
'
Weedon
'
■■■
'7
■■•V 7
&
•"
7
Co.
and
^
"
7./':.
Government
Land
Banks
Loan
Bank".,
P08®'
7)V"'77..7777-
refunding.
Charles
R.
dated
1Vx9«>
^7;:-77v
■
*
•}
'.-•>>
"
corporate
purposes.
subscription
1
••1
Loeb
•
Co.,
&
Co.,
Inc.,
to
A.
Blyth
Price,
$50
stockholders
C.
Allyn
&'Co.,
A
per
and
and
Inc.,
(par
Co.,
$50).
share.
Inc.,
A.
&
G.
Co.,
O""'*-' ®ac^s & Co., Grubbs, Scott & Co.,' Harriman
Co., -Inc.,
'
Hemphill,
Noyes
&
Co.,
Ladenburg,
'''
"-'J
*
1
.
Ry.
-
4%%
mortgage
1st
stock
Blyth,
..
of
Co/ 59,500 shares
Price, SJ4.75 per share.
Rhoades & Co.
Manufacturing
bonds,
;
common
Offered by
$2.501.
Loeb,
Jan.
2,
1946,
100%
fiscal
■Y-
■
due
agent.
Jan.
1,
;
by
7 7 '
-Y^r
Co., Sills, Minton & Co., A. G. Edwards & Co., Alfred
Y' O'Gara & Co., Allison, Williams & Co., Bosworth. Chanute,
\ Loughridge & Co., Dempsey, Tegeler St Co., First
V;
Securities Co. of Chicago, O. H. Wibbing & Co., Taussig,
"Day & Co., Vernedoe, Chisholm & Co., Wyatt, Neal &
7
Waggoner, Kalman & Co. and Peltason, Tenenbaum Co.
7
73 506,250 Tide Water Associated Oil Co. 150,000 shares of common
stock (par $10).
Price, $23% per share.
Offered by Mer-
•;7,c7
,
,
1204,750 Transue
common
YYY^/'YY YV
77-40,580,000 Federal
^VY
;
Intermediate
Credit
Banks
Ya%
consolidated
bentures, dated Jan. 2, 1945, due July 1, 1946.
.,
refunding
($40,505,000),
new money
Offered by Charles R. Dunn, fiscal
Purpose,
($75,000).
Y
Not
de-
Purpose,.
Price, par,
$4,375,000 Alleghany Corp. 700,000 shares of
Price, $5.75
Si
&
Thalmann
:V; -
nated with Chaplin & Co..;/:
;'7
Y-Y//,/
■
-
YY/YY'Y
Floyd
1459,000 Armour
common
6,810,336 Virginian
Price,
and
v
„
j.s
V*.
7
7.r
t.
•
;
7ft":
Co.
&
3,600
with Glor?,> Forgan
:
per
Fir3t
■
-
7-'
-
Coburn
&
■■■
■
Boston
Corp.
^
1626,250 Walgreen
stock
77. 77.
(par $1),.
•
v:
•:
Price,
St
15,000
Co.
$41%
Middlebrook and Bruns,
'-7-.Y/ -r•
Y;'. 7-Y 7
130,968 shares of common stock (no par)«
share.
Offered by Mellon Securities Corp.
per
- •
shares of common
share.
stock
Originated' with
(no par).
Smith Barney
Co..
308,850 Weyerhaeuser Timber
shares
-ferred stock (no par).
..
Ry.
$52
The
of
$6
convertible
prior
Price, $127V2 per share. Originated
& Co.
-V
7
-
>
c;Y
' ■'••77 •••'•7.77 -7-v
Co.
4,350 common shares
(no par)#
pre-
Price,
,
Co.,
Offered by Otis & Co."
share.
per
Cerf
D.
YY'777Y7Y7 Nordeman Si Co.
Y
Representing New Financing
for
Goldman,
Ripley
' .', ,;,7 ,7
1,447,500 Universal Camera Corp. 289,500 shares of class A common
7
stock
(par 1 cent).
Price, $5 per share.
Offered by
agent. 77
,
Issues
Kuhn,
Becker
;s;;
Williams Steel Forging Corp. 6,500 shares of
stock (no par).
Price, $31% per share.
Origin
&
"
$254,580,000
by
.
Gas & Electric Co. 34,068 shares of common
;(par $12.50)^ 'Price,; $28,875 per share.
Offered
by Bear, Stearns Si Co., Livingstone
Co., Newhard,
:.77;. Cook & Co., Mason, Moran & Co., Loewi & Co., The Ohio
City
stock
c
Pur-
Offered
.
,
Y"
Farm
1953.
and* interest.
Price, $18%
Offered by First Colony Corp.
share.
^YrYY/YYYY rill Lynch, Pierce, Fenner & Beane.
Federal
5%% cumula*
-
983,715 Sioux
7'v
'• v.. /a";-
Issues
cumu¬
Offered
underwriters
Emanuel
£
50,000 Simplicity Pattern Co.Y Inc. 5,000 shares of
-'"1;
tive convertible preferred stock
(par $10).
per
%
•'*'
I'.-:-.
.
Agency
Consolidated
Price,
Dunn,
"•
•
-^ivY -VYYY 7YY777 7;Yv7l
-Y.
1
•
.
Loan
$214,000,000 Federal
YtY"'
Co.
series
'
_
(par
Carl M.
Si
Kidder, Peabody Si Co., Union
.77": %
.
common.
Inc. 35,955 shares of 4
stock,
Stubbs.'
stock
'
-
~
4,297,750 Pressed
7
1, 1953.
Price, 101 and interest.
Offered by
Peck, Eastman, Dillon & Co. and Whiting-WeekU
7 877,625 Rockwell
'
.
com-
,ferred stock (par $10) and 21,000 shares of common stock
'(Par $2.50).
Purpose, refunding ($10,000), purchase of
assets of predecessor, working capital, etc. ($179,000)
Frice- $18 per unit of one preferred share and 2 common
shares.
,7.
by
:7j;;7 .:77->v7
10,500 shares of 5%
■
Ogdensburg
&
Nov.
Adams Si
business.
"
Farm
;
Price, $128.50 per
•77:-;,y;7.7 Offered by C. F. Cassell & Co.
189,000 Paragon Electric Co.
share.
per
^37; ;y
J
cum. pref.
stock
(no
being sold
Purpose, working capital, etc.
of
5%
common
due
stock
C. F.
«.
,
•
1,000,000 Portland
-
,
?
6,000
30.000
(of which 5,000 shares
par)
'7/.•:7777'''
Rubber
(par $100)
increased
Corp.,
and
$24,944,428
'"v
•
Barney Si
(par
■
77
-
,
15,000 shares of common
per share,
Offered by:
-/St Co., Inc. and Dean Witter & Co.
7'
capital
Bateman, Eic.bler & Co., Cohu Si Torrey, Doolittle, Schoellk°Pf & Co . Hamlin Si Lunt, Hill Richards & Co., Quail
7'-*r.-»:
of
of
fornia Co., Nelson Douglas Si Co./Scherck, Richter Co.Y
Si°ren St Co., Laird, Bissell Si Meeds, Starkweather Si
Co., Stein Bros. & Boyce, Bingham, Walter 81 Hurry,
'7
*r
7)
7,
Purpose,
acquisition
of
constituent
companies.
Placed privately. • ;;.7
'7 7. ;7:'v-7
7-"■ 77
;
Y
(»
299,750 Myler Plastics Corp. ?.49,875 shares of common stock (par
$1).
Purpose, erection of plant, working capital.
Price,
,
$2 per share.
Offered by Bond & Goodwin, Inc^Y^'^
y"7
Offered by p, f. Cassell
.
,
&
shares
Hemphill, Noyes & Co., Lee Higarinson
Corp., F. S. 'Moseley & Co., Shields Si Co., G. H. Walker
& Co., Graham, Parsons & Co., Riter &
Co., First Cali-
1
r<
l
'
$9;50
Securities
Inc., Sutro & Co., R. H. Hudson & Co., Inc.;
Meeks Si Co., Mohawk Valley Investing Co., Inc.
Co.,
'/
-7
shares of common stock
'
-
Rubber
;
,j
r
,
2,553,328 Pacific Gas & Electric Co. 56,900 shares of common
/
(par $25). i Price, $44% per share. v> Offered by
11
,
and Richard B.
7 '-:7
.
''■
(no par),
Price,
Cassell St Co,
,
,
4,684,973 Suburban Propane Gas ■ Co. 493,155 shares of common
f stock (par $1).
Purpose, acquisition of properties, etc.
Cooley St Co., Inc., William A. Fuller & Co., Creston
Funk, Hill'Richards & Co., Harold H. Huston & Co.,
,Gordon
7'
..
.
77.
& Co,
stockholders.
stock
(par $5).
Purpose, to finance
Price, $7% per. share.
Sold privately.
i;/ Moore, Leonard Si Lynch, David A. Noyes & Co., Edward
A. Pyrcell & Co., Scott, Horner Si Mason, Inc., Stroud
7*7
Price, $3.27 per share.
7) ,7'
■
.
•
7
tQ
company
i'-7 7:7:777;7:7.v77777'7'Y::':;" /^7v7!;7 Y/;': '')/;; Y75- '.J'-s'i■sY':-""*1,475,000
7tslan'' InP'Tance Cn,7 200.000
Dann Si Co., G. H. Walker Si Co., Courts & Co., George
R.
77.:;7'-
the
by
--
Common,
•
H.
,
7777:
and
r
■,;
,
77
Offered
.
16,450 shares of capital stock
share. Originated with Shields
Rubber Corp. 18,000
Price, $6 per share.
108,000 O'Suilivan
67,500 O'Suilivan
ment of sales and service business.
-{
Watt3 Si Co., Bear, Stearns & Co., Farwell,
Co., W. D. Gradison & Co., Hirsch & Co.,
Ingalls & Snyder,
'7,
Cook
>.
,
Eberstadt & Co., Wm. C. Roney & Co., Draper,
Co.,
'
>
777777777 Cruttenden & Co., Piper, Jaffray & Hopwood, Boettcher
7Y
j/7
-
Price, $40% per
(no par).
7:
'
.'
Co.,
&
-
50,500
Co,
1666,223 National Cash Register C<N
r
Pur¬
Price,
•
shares of common Stock
(no par). /Price, $36.50 per share.
Offered by Blyth &
Co.,; Inq.7 and Dean/Witter Si Co, ^
*
.
•
■
'
7 ' *372,300 May Department Stores Co. 7,300 shares of common stock
(par $5). ; Price, (approximately),Y$51.
Placed privately)
200,000 Palace Clothing Co. of Topeka, Kansas 2,000 shares of 5%
cumulative preferred stock (par $100).
Purpose, purchase
•'
•'
of property, etc., working capital.
Price, par and, dividend.
Offered by Baum Bernheimer & Co.
•(■ y.
/x - • '■'«/.
v .^V' -T'K,
1,494,455 Parks Aircraft Sales & Service, Inc. 457,020 shares of
7 ■
common stock (par $1).
Purpose, finance further develop'
preferred
•
.
.
-
,
Waddell & Co., Inc..,; V %7 'Y
1,843,250 Matson
.
American preferred shares
166,667
166,667
*<representing
-
"Y-Y
*
Inc. 79,228 shares of common stock
$7.87% per share.
Offered by Herrick,
'
2,663,472 La Consolidada,
"7.
'
77
^
>?
'
'
'
Candies,
y(par $1)./ Price,
,
•Y:'i;77YY'
7 7
^
-
•
-Y.w'-
Yv
,Y/ Davis & Co.
<■(
-
Y
$10).
Purpose, to provide additional general
Price, $40 per sh^re. 7 Offered for subscription to
stockholders,
by
•
and
'
\
& Co.
7-z
(par
funds.
unit of one
per
common: .shares.
two
Newhard, Cook & Co.
7
!'
12,000,000 Insurance Co. of North America 300,000 shares of capital
shares
purchase
Purpose,
cent).
working capital.
properties,
of
777|:r7 7
Co., Inc., A. E. Masten 81 Co., The Milwaukee
Staats Co.,
Moore, Leonard & Lynch, William R.
Singer, Deane & Scribner, Frank B. Cahn
Co.,
>
'
300,000. Kut-Kwick
Stroud Ss
,
.
■Uau.t250.461 Mandel Brothers; Inov 0,822 shares of common stock (no
/7:77.7
par).
Price, $25V2 per share.
Originated with Paul H,
,
Merrill Lynch, Pierce, Fenner & Beane, Riter Si Co., H.
;
par).
-.7'"-Y/
Products Co. 10,000 shares of
Price, $64 per share.
Offered
by A. G. Becker & Co., Inc. anu Glore Forgan & Co.
-
"
Corp, 31,525 shares of 4(4 % cumulative
preferred stock (par $100).-:
Purpose, refunding.
Price,
$103-per share. 7 Offered in exchange to holders of 5'A%
cumulative preferred stock.
Unexchanged shares offered
by A. G. Becker & Co., Inc., Goldman, Sachs & Co.,
)
Price,
;
'
,
,
3,152,500 Howard Stores
stock
(par
$100).
Purpose,
expansion,
etc.
$103 per share and dividend.
Offered by A. G.
77777777 Becker & Co., Inc., Kidder, Peabody Si Co., Eastman,
7 Dillon' &
Co.,
Ladenburg, Thalmann Si Co., Lehman
Brothers, Mellon Securities Corp., Merrill Lynch, Pierce,
Fenner & Beane., Paine, Webber, Jackson & Curtis and
Kuhn, Loeb 3c Co,
preferred
7
<
-
.
,
(no
166,238 Kuhlman Electric Co. 51,150 shares of common stock (pa?
$2).
Price, $3.25 per share.
Offered by White, Noble
$1,937 .500 Alaska Airlines, Inc. 125,000 shares of common stock (par
$1).
Purpose, standardization of equipment, etc., Price,
$15.50 per share..
Offered by R, H. Johnson & Co., A.
? m.
Kidder
&
Co.,
Bond & Goodwin,
Inc.,
Coburn &
Middlebrook, Foster & Marshall, Van Alstyne, Noel Si Co.,
Y;7'7">7:f'
Courts & Co.,
J. C.- Bradford & Co. and Reinholdt &
$'
.
stock
common
' 7.7, /'■ '.v77'7'7;:'YYY:
■
Cellucotton
640,000 International
$60,060 ,435 ;
of capital stock
Price, $10.50 per
shares
42,180
corporate
stockholders,
to
•'/
&
'
.
.
./■■'
Julien Collins & Co., Moore,
■777/7777 Boston Corp.
,
7
..
7 ■'■7- .7 7'
'.'■■•■.
1st
25-year
572,850 International Salt Co. 10,050 shares of common stock
./
(no par).
Price, $57 per share.
Offered by the First;
?77
"
2,250,000 Fleming-llall Tobacco Co., Inc.
150,000 shares of,>6%
7cum. pref. stock-(.par $101 and 150,000 shares of common
7 ^7 , ' stock (par $1).
Purpote, acquisition of constituent com94?
- *
pany, purchase of machines, pay current notes payable and
.'il *Y-'7;Y7., other corporate purports.
Price, offered in units of one
share of each at $l«
unit. Offered by Floyd D. Cert
7''
'
Co. and associates.
,ii
1;
*
,•
■
X
Michigan
of
RR.
Laurence M. Marks & Co., Auchincloss, Parker & Redpath,
Leonard & Lynch, Alex. Brown
Sons, The Ohio Co., Mullaney, Ross & Co., Bosworth,
Chanute, Loughbridge & Co., Pacific Northwest Co. and
7 7! Stix & C(L7/:^;//77';Y ,:--7.-Y;v-"77 ,-■
77;
77
Price, $25
Offered by Paul H. Davis & Co.,
dividend.
/;'':
Y'
/■-;77'
Terminal
,
Y.-Vr
2,500,000 Woodall Industries, Ine. 100,000 shares of 5r/o cumulative
convertible preferred stock (par $25).
Purpose, acquisi-
.
'-Y- 7
mortgage 4% bonds,
,7 'V...'c series A, due 1970.
Price, 101 and interest.
Bonds were
- 7
purchased from Illinois Power Co. and offered by Kidder,
(K'Y-SY'
Peabody & Co.
Merrill, Lynch, Pierce, Fenner & Beane,
"
Y
Blyth 81 Co., Inc., Central Republic Co. (Inc.), Eastman,
77 Y 7
Dillon & Co., Lee, Higginson Corp., Paine, Webber, Jack->
son & Curtis,
E. H. Rollins Si Sons, Inc., Shields & Com7; . <
« pany,< G. H. Walker & Co., White, Weld & Co., Coffin St
Burr, Inc., Equitable Securities Corp., Hallgarten & Co.,
77
Hornblower Si Weeks, The Wisconsin Co., Estabrook & Co.,
13,500,000 Illinois
•
Dain
M.
G. Becker
.
Janney & Co., Kalman Si Co., Inc., Moore,
Mullaney, Ross <fc Co., Piper, Jaffray
Lynch,
Loughridge
»
stock (par
,
7,*Y7YY7YY;:7& Co.'77
Murch
H.
j Cook & Co., Stroud & Co., Inc., Arnhold and S, Bleich-
...
,
Maynard
(par
Coti
.
.
.
William Blair & Co.,
Rhoades & Co.,
'7
- 7
■
& Co., Inc., Goldman, Sachs & Co., Merrill Lynch, Pierce,
Fenner
&
Beane,
Riter & Co., h. M. Byllesby & Co..
>.'
j-"''"' (Inc.), Central Republic Co.
(Inc.),
Graham, Parsons
yyy777 yt & Co., Hallgarten St Co., Shields & Co., Stroud & Co.,
7YY 777777;/Inc., A. E. Masten & Co., The Milwaukee Co,, Moore,
Y
00 "Leonard 81 Lynch, William R. Staats Co., Singer, Deane
'7
' & Scribner, Frank B. Cahn & Co. and Newhard, Cook
Singer, Deane & Scribner, Baker, Weeks Si Harden,)
Collins Si Co., Merrill, Turben & Co.,
Newhard,
Julien
,
.
Loeb,
7 7'"'• ;•;
.
2,812,500 Howard Stores Corp. 75,000 shares of common
$1).
Price, $37.50 per share.
Offered by A.
7
Whipple
Bacon,
Inc.
;■
,
7V
H.
Corp., Farwell, Chapman & Co., Hayden, Miller
Carl M.
62,500 Houston Oil Co. 2,500 shares of 6% preferred stock
$25).
Price, $27 per share. 7 Offered by Blyth &
y» Y
Eastman,
Inc.,
;
7-/YY7 777Staats & Co., Stifel, Nicolaus & Co., Inc. and Weil & Co.
:i;'
Byllesby & Con ine., Hawley, Shepard 81 Co., Hay-.
American
'
7 'par $bi.:
'
Stores, Inc. 6,500 shares of common stock (par
cents).
Price, approximately $15 per share.
Offered
Goodbody & Co.
3,437,500 Gulf Public Service Co. 312,600 shares of common stock
(par $4).
Price, $11 per-share.
Offered by Allen & Co.,,
Rauscher, Pierce Si Co., Inc., A. C. Allyn St Co., Inc.)
Boettcher & Co., Central Republic Co., Dewar, Robertson
'":.St Pancoast, Fairman Si Co., First Calif. Co., Inc., Gross,
Y7';77--7:'; Van Court & Co., Pacific Co. of Calif., Pitman & Co.,
;
Inc., Irving J. Rice & Co., E. H. Rollins & Sons, Inc.,
Scherck, Richter Co., Sills, Minton & Co., Inc., Wm. R.
,
cumulative
$4.25
Blair & Co.4 Inc;, Thd lUinois
' H. M.
-
; 7 ;
t/lYY'lV7St Co., Blyth & Co., Inc., Mellon Securities Corp., Clark,
Dodgd &-Co,, Lehman Brothers, Central Republic Co.,
■-7 ' Y"' Inc., Paul H. Davis & Co.,-1 Paine, Webber, Jackson Si
7< Curtis, Adamex Securities Corp.,
H. M. Byllesby & Co.,
Inc., Emanuel & Co., Kebbon, McCormick & Co. and Sills,
7'
'
1 Minton St Co., Inc.1
,.
•
'
v
'
/
by
'
3,675,780 Fansteel Metallurgical Corp. 58,000 shares of common,
* stock. (no
par). . Purpose, refunding 7 ($648,076), general
corporate purposes ($3,027,704).
Offered for subscription
to
stockholders at $61
per share
(51,872 shares sub••
7
scribed for).
Unsubscribed shares (128) plus 6,000 aridi7:/7.y777:- tional shares offered at $83.50 per share by Hallgarten
442,890 Gray
1'Y
;
5Va%> cumulative
par.
Sold privately
of
shares
15,420
Co.
Forge
Inc., Bioren &
Boyce, Stroud & Co.,
Cooley & Co., Inc.
;
&
Bros.
:Y-7'-i7Y77!7.preferred stock (par $25).
Price,
'7; 7
Y/: to Tri-Continental Corp. and Selected Industries, Inc.
Hornblower & Weeks, Lee Higginson Corp.,
Co.,
Cormick
•
,
Bacon,
50
Price, $101.50
Corp., Eastman,
Inc., W.
'& Co.;
"
*
pre-
Purpose, refunding.
Unexchanged shares
•
Fenner Si Beane,
1
!
77
*385,500 Camden
Moseley & Co., The Wisconsin Co., Harris, Hall &
C. Langley & Co., Merrill Lynch, Pierce,
F. S.
'
v
>
v,
t
Dutton Co.
H.)
Co., Stein
•Co, and George R.
(no par).
Purpose," refunding.
Price,
and dividend.
Offered in exchange for
share
&
Walker
$1).
,
<C.
Inc.
stock
per
v.Dillon
'%
Lynch,
100,000 shares of common stock (par
$i).
Purpose, working capital, etc.
Price, $3 per shared;
Offered by Moreland Co. and Olmsted St Mulhall, Inc< 7 Y
300,000
Redpath,
97,500 Dejay
(no par).
Co.,
&
Becker
lYYlYYl777-: Purpose, additional working capital. Price, $3 per share.
v :f 7;7" ,7 /Offered
by Johnson. & Johnson; Pittsburgh.
■,
•
Adamex
&
Parker &
Auchincloss,
Corp.,
Co.,
Estabrook
Co.,
& Co., Bosworth, Chanute, Loughbridge & Co.,
Republic Co.' (Inc.), Dempsey & Co., Lester &
—."Central
Y
and
Boettcher
Co.,
Whipple
-
Y
7, /
Co. , Inc., Lehman Brothers, Union Securities Corp., A. G,
7
stock
(par
&
Securities
7 7,' /';."•
,77
"Y
$6 preferred.
,.>V7
stock
common
E. H. Rollin & Sons, Inc.,
Lemon & Co.,
Barney & Co., Glore, Forgan Si Co., Kuhn, Loeb
& Co., Blyth &• Co., Inc., The First Boston Corp., „Gold'man, Sachs & Co., Hallgarten & Co., Harriman Ripley &
.
shares of
100,000
Co.
and Co., Inc., Johnston,
Bateman, Etchler
Curtis, Shields & Co., A. C. Allyn
r
"77,7 7/! .7'
Smith,
Cohu* St
Merrill
7
•
25,000,000 Wilson
7:preferred
•893,600 Dictaphone Corp.i 8,936 shares of 4% cumulative sinking
fund
preferred stock (par $100).
Purpose, development
products,
'
Blyth
share,
Offered by The First Boston
Dillon Si Co., Goldman, Sachs & Co., F. S. Moseley & Co.,
Republic Co. (Inc.) and W. E. Hutton & Co.
1
of
to
.7 77
Central
1
,
privately
;,7
per
,
.
Purpose, general; corporate purposes.
Price,
share.
Offered by Mohawk Valley Investing
$1).
.(par
•-1
•
,
-
),'■.* V-u
'116,281 Brunner Manufacturing Co, 15,004 shares of common
*
Sold
;
7;„.
Johnson,; Lane, Space and Co,, Inc., Rauscher, Pierce &
Co., Inc., Barrow, Leary & Co., Bioren & Co. and Biddle,
v„
Co., Harriman Ripley Si Co., Inc., Kidder, Peabody &
Co., W. C, Langley Si Co., Stpne Si Webster and Blodget,;
Inc., Union Securities Corp.,; Baker,
Weeks & Harden,
.
share,
per
3,045,000 (S. D.) Warren Co. 30,000 shares of $4.50 cumulative
.7
•
&
*■-7
Y 77 s;,
Sachs
Coffin St ..Burr, Inc., Goldman,
Corp.,
Boston
$23V»
Co., Inc.
YY77777Y:,7V- Whelen & Co.
(par $10).
7
common
Offered; by
R. Cooley St
Forge Co. 177,318 shares of common stock (pa?
$1).
Price, $10 per share.
Offered by Hornblower &
Weeks, Paul H. Davis & Co., Paine, Webber, Jackson &
-
per share and dividend.
Offered in exchange to
riY^Y7:''!77'77;'; holders of 6% and 7% preferred stock. .1 Unexchanged
r';" 7(17,798) shares offered by E. H. Rollins & Sons, Ino.,
7.77.,;■? >Coffin & Burr, Inc., Boenning & Co., Stroud & Co., Inc.,
Manufacturing Co. 256,500 shares of common stock
Purpose, to pay for properties acquired under
Mills Plan.
Price, $25 per share.
Offered by The
06,412,500 Bates
'7
Co,.
of
shares
84,996
Co.
(par $1)7
Price, $7.75 per share,
Valley Investing Co., Inc., George
Inc. and Cohu & Torrey.
7
•/rvY'Y.,-7'7v.-7'\ $102.50
7,
INDUSTRIAL
Co.
2,500,000 Southern Advance Bag & Paper Co., Inc. 25,000 shares of
-7 ,.7
V
4%%. cumulative preferred stock (par $100).
Purpose,
refunding ($2,163,870), working capital ($336,130)., Price,
Y71'
OTHER
&
stdfck
Mohawk
*71,087 Rheem Manufacturing Co, 3,025 shares of common stock
.t
(par $1).
Purpose, augment working capital.
Price (ap--
7
^
«.
Weinress
Manufacturing
6&8,719 Brunner
1,773,180 Camden
& Co., Wyatt, - Neal & Waggoner,
Peltason, Tenenbaum Co.
Chisholm
Varnedoe,;
5X1
7
,
-
$51,248,746
$71
per
share.
Offered by Blyth & Co., Inc.
Monday, January 28, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
-5X2
State and
City Department
*#§£§
BOND PROPOSALS AND NEGOTIATIONS
alabama
(P. O. Clayton),
.Alabama
Sale
Details — The
County
Barbour
,v
,
Warrant
$150,000 \Vz% State Gasoline tax
anticipation
warrants
awarded
last month to T. U. Crumpton &
of '
nomination. $1,600.
were as follows:
election held on Dec. 4.
at a price of
100.55. Dated Dec. 1, 1945. These
warrants mature as follows:
$4,sold
3243—were
.
,
'
Bond
Bros.,
000 school bonds awarded on
1
v
/
//
$200,000 iy4% state gasoline tax
anticipation
warrants
awarded
last month to T. U. Crumpton &
Co., and Hendrix & Mayes, both
Birmingham, jointly—v. 162, p.
3243—were sold at a net interest
jointly,
For
1.2454%,
of
cost
and
mature
,
Tuscumbia, Ala.
Called—S. R. Leggett,
Bonds
has announced that the
electric
system refunding
anticipation bonds Nos.
64 to 88, dated Sept. 1, 1941, are
called for payment on March 1,
at the First National Bank, Tus¬
Mayor,
3%
*
revenue
cumbia.
"
•
'
•
r
r
,
ALASKA
Statehood
(Territory of)
Recommended
San Francisco,
),
For
"r
—
In
Congress on
1947 fis¬
budgets -President Tru-.
his recent message to
of the Union and
State
cal year
man
recommended that- the law¬
question of
of a State to
Alaska, immediately after its in¬
habitants have expressed a de¬
take
makers
according
up
Districts
County School
offered for
163, p; 361-—
were awarded to Weeden & Co.,
of San Francisco, as 2s, at a pride
of 100.85, a basis of about 1.87%.
Dated March 1, 1946, These bonds
are
due March 1, from v 1947 to
School District bonds
Jan. 21—v.
4
'
An issue of $70,000 Union Joint
School District bonds also offered
1960.
Interest M-S.
,
Jan. 21—v.
Co., of Los Angeles, as 2s, at a
price of 100.65, a basis of about
1.93%. Dated Feb. 1, 1946. These
bonds are due Feb: 1, from 1947
InteresFF-A.
1966.
to
the
status
|||1||
mu¬
Sale Deferred—The sale
following
of the
amounting
deferred: ;
cago,
&
1
-
Waterbury, Conn.
"
Offering — Cornelius F.
Note
Comntroller,
City
Chi¬
International Trust Co., and
Loughridge
1.10s,
Chanute,
6
Co., both of Denver/ as
gt
a
net.inter¬
price of 100.012,.a
Dated March
est cost
of 1.099%.
1,1946.
These bonds are due $9,-
000
on
The
March 1, 1947 to 1971.
highest bidder Was Mercan¬
tile-Commerce Bank & Trust Co./
next
St.
Co.,
&
Sullivan
and
Louis,
for
30
Jan.
anticipation
jointly, for $108,000 Is, and $117^
000 iy4s, at a price of 100.067/a
net'interest cost of 1.118%. Other
bidders were as follows:
\
* '
Price
will
purchase of tax
notes
amounting
to
Legal opinion to be furnished by
City. 1
the
georgia
//.Vy/j-y Georgia (State of)
Redeems Hospital Authority
Bonds—The Atlanta
"Journal" of
that the State re¬
cently called in for redemption all
but
$110,000 of the ; $2,012,000
outstanding bonds issued by the
State Hospital Authority ia 1939.
The reason for not redeeming the
17 reports
Jan.
amount; the
entire
the
As
report said,
required
that this would have
was
payment of a premium of 7%.
a .result
of the parital re¬
to
that
effect.
(/(//;/■
ex-,
to be in
of 1%, and not
more
than
one; rate
shall be
named by each bidder. Said bonds
to be awarded to the highest bid¬
der who has duly qualified and
has submitted his bid in accord¬
ance with the notice of sale.: The
highest bidder will be the one
who offers the lowest net interest
cost to the Board of Park Com-/
missioners, to be determined by
computing thg total interest on
all the bonds to their maturity
and deducting therefrom the pre-'
mium bid, if any. No bid for less
than par value, plus accrued in¬
terest to date of delivery, at the
interest rate named in the bid,
will be considered.
The bonds
shall not be a corporate obliga¬
tion of the Cityr but shall be and
constitute an indebtedness of the
Park District, as a special taxing
district, and said bonds and inter¬
est thereon shall be payable only
out of a special tax to be levied
upon all property in
said Park
1972.
the saving
bond
District,;;
Yi
of
as
in premium payments,
redemption resulted in
.
interest
of
Rate
multiples
$295,000 was
a saving of about $1,053,000 in in¬
Harriman Ripley & Co.,
\
$235,000
Indio : School
District
v- Inc., and
yy
J ■ terest charges, since some of the
/(/(; bonds.//: Amos C. Sudler &, Co.,
bonds did not mature until 1968.
60,000 Midland School District
ARKANSAS
jointly.
;
;
HAWAII
bonds.
*
'
For $54,000. 3s, and
- "
Marion School District, Ark,
'
Hawaii (Territory of)
San Diego County, La Mesa Spring
$171,000,; iy4s
___100.02 ;
Bonds Purchased—An issue of
Admission As State Urged—In
Valley School Dist. (P.O. San
(Net interest cost 1.167%.)
214% refunding bonds amounting
his recentj message to Congress on
Diego), Cat. ;
John Nuveen & Co., and
"
to $55,000 was purchased recently
■y Bond Sale—The school bonds Sidlo, Simons, Roberts
V ! y/t the State of the Union and the
by Bullington-Schas & Co., of
1947 fiscal year budget, President
amounting to $380,000 and of¬
& Co., jointly,
Memphis. Dated Nov. 1,1945. Le¬
Truman > urged
that the
law¬
fered
for
sale
recently,
were
For $81,000, 2$, and
gality approved by Charles
makers "promptly accede to the
awarded to Weeden & Co., of San
$144,000, 1.10s
100.16
Trauernicht, of St. Louis.
g|:, ,
wishes of the people of Hawaii
Francisco, and the
San Diego (Net interest cost 1.177%.) : ,
Trust &
that the Territory be admitted to
Savings Bank/of San
CALIFORNIA
First National Bank,
,/
•
Statehood;*
Diego, jointly, as iy>s, at a price of
Chicago, and
/('"I//, El Centro, Cal.
100.022, a basis of about 1.497%.
Coughlin Sc Co., jointly,; Bond" Election — An
issue of
Dated March 1, 1946.1 These bonds
ILLINOIS
7
For $225,000, iy4s
100.5T
storm
sewer
and water system are due
1
Carmi, III.
$19,000 March 1, 1947 to
(Net interest cost 1.209%.)
/
bonds amounting to $375,000 will
1966.
Legality approved by OrBonds Purchased;—An issue Of
be submitted to the voters at the
Shields & Co., and
1
water works and sewerage rev¬
rick, Dahlquist, Neff, Brown &
election to beheld on Jan. 29.
r
Herrington,
of
San
Francisco. Peters, Writer &
enue bonds .(amounting
to $460,Christensen, jointly,
Other bidders were as follows: //
Los Angeles„ Calif.'' *- *'" '
000 was) purchased recently by
For $225,006, iy4s-_::«ioo.o96
Department of Water and Power
the
Midland 'Securities Co.,; of
:: ■
j
•
' Price
(Net interest cost 1.242%.)
Expansion
Program — Approxi¬
Bidder
Chicago. | An ordinance' approv¬
./ //-;? //• ■ :;/(
Bid;
City National Bank fr ^-'y
mately 20,000 jobs, entailing an John Nuveen & Co.,:
ing the issuance of these bonds
sire
real
estate
demption, the State had to pay a
premium of only one-half of 1%
on
the called bonds. Aside from
the
Bid
Bidder
the
$600,000. Dated Feb. 4,1946. These
notes are
due on June 4/ 1946.
Harris
Bank, of
Savings
Bosworth,
to
bonds
wereawarded to a
syndicate composed of the
Trust
Feb:
a.m. on
purchase of $132,000
purchase bonds, not
ceeding 2% interest. Dated
1946.
Enclose a
$1,000/payable
15,
to the Town*
Maloney,
nicipal building bonds offered for
gale recently
bids until 11
5 for the
certified check for
Interest J-J.
/i'' '/,■c! Boulder, Colo.
Bond
Sale—The $225,000
1.49803%.)
(P.O. Riverside), Cal.
;
Bond Sale—The $27,000 Perris,
on
Feb.
about
;
sale
sealed
Feb/
Legality approved by Day, Berry 1, 1946. Denomination $1,000. Due
& Howard, of Hartford. Deliver¬ Jan. 1, as follows: $5,000 in 1948
to
ed at the above trust company
1965, and $6,000 in 1966 to
Denom¬
1946..
15,
IS; Colorado y
$3,850,000, iy>S__—100.03
Riverside
man,
receive sealed bids until noon on
Associates,
(Net interest cost
\ Bond
in
interest
Park Dist., Ind, ,
Offering—Roy E. Hick¬
City Controller, will receive
Indianapolis
-
,
Jan:
Dated
ination $1,000.
and
INDIANA
1/ 1946.
Bidders to
of
rate
the
1959.
from 1947 to
improvement bonds will
as a result of the elec¬
tion held recently.
eighths of 1%. No bids for less
than
par
and accrued interest.
Principal and interest payable at
the Milford Trust Co., of Milford.
Due
1.163%.
yy basis of about
163, p. 361— was
awarded to the William R. Staats
i
a
be issued
Due $54,000
1949.
1, 1947 to
name
,
on
Alaska
;
-y.r •'
Is,
as
Feb.
;;// from 1947 to 1956.
130,000 Nordhoff Union Elementary School District bonds, as
iy4s, at a price of 100.532, a
American Trust Co.,
as
May and Nov. 1,
1947 and 1948, and $17,000 May
and Nov. 1, 1949 to 1952. Dated
Nov, 1, 1945. Interest M-N.
'
bonds,
District
price of 100.01, a basis of
about 0.998 %.
Due J an.; 15,
at
$725,000, 5s, I
Union
Paula
Santa
School
$375,000 1V2S, and
$2,750,000, iy4s —L.i-100.019
>Sl
(Net interest cost X,6oovv7o.)
1,38899%,)
of
follows: $16,000
;
,'
Security-First
$145,000
Feb.
Dated
bonds.
Denomination $1,000.
,
William Blair & Co.,
Perry County (P. O. Marion), Ala.
Warrant
Sale
Details—-The
the
to
000 road
$162,000 building of 1946 cou¬
pon
Jan.
National
Bank, of Los Angeles,—v. 163,
p. 236—were sold as follows:
8
Blair & Co., Inc.,
• '
'
and Phelps, Fenn & Co.,
' '
Hornblower & Weeks, /
$13,000 Dec. 1, 1950, $13,000 June
'/v
,
and $14,000 Dec. 1, 1951, $14,000
First of Michigan Corp., / V
June and Dec. 1, 1952 to 1954,
C. F./Childs & Co.,,.,
00
and $14,000 June and $4,000 Dec.
Mullaney, Ross & CO.. ^i'1
v?1, 1955. Net income basis of about Milwaukee Co., and
1.416%.
,
Bid
^
of
(
Twp. (P. O. Olney), III.
Bonds To Be Issued—The $23,-
Jan. 30 for the purchase
3 p.m. on
1,
on Jan.
inclusive.
1956
to
Preston
H.
Clarke, Town Treasurer, has an¬
nounced that the Board of Select¬
men will receive sealed bids until
■/(i''/
County Sch. Dists. (P. O.
Vetura), Cal.
Sale Details—The $275,-
Ventura
Price
Halsey, Stuart & Co.,
Lehman
were
Millford, Conn.
Offering — David
Bond
Jan. 1, 1947 to 1971.
authorized at /the
due $4,000
Bonds
1, 1949, $4,000 June
000 Dec.
.
are
$1,000.
1947
from
1, 1946. De¬
These bonds
mature
bonds
These
CONNECTICUT
about
basisof
a
Dated Jan.
nomination
*!'■'
Bidder
100,144,
1.486%.
Other bidders
'■
162, p.
Birmingham—v.
of
Co.,
$1,875,000 maturing $125,000 June
15, 1960 to 1974, as l%s, and
$250,000 maturing $125,000 June
15, 1975 and 1976, as Is. Interest
J-D.
Dated Dec. 15, 1945.
De¬
by; law,/
provided
shall be recited on
the face of said bonds, together
with the purpose for which is¬
sued. Said bonds shall be issued
and offered for sale underhand
which terms
pursuant to the provisions of an
Act of the General Assembly of
State/entitled "An Act con¬
the
-
,
•
'
.
,
.
,
.
cerning the 'Department of
lic Parks' in Cities of the
Pub¬
First
Class,
defining its powers (and
duties, creating a taxing district
for Park purposes in each City of
Class, repealing con¬
laws! and declaring an
emergency,'* approved March 14,
1919, and all Acts ■; amendatory
thereof and supplemental thereto.
Enclose a certified check for 2%
of the bonds bid for, payable to
the
First
flicting
,
j
Marion
.
.
outlay of $26,500,000, will be pro¬
C. F. Childs & Co.,
vided by plant extension
Thomas
and bet¬
to be launched
before the end of this fiscal year
by the Los Angeles Department
of Water and Power.
The work*
to be started before June 30, is
the
first
step
in
postwar pro¬
a
of extensions and improve¬
ments that will cost $125,000,000.
gram
"
and
A.
Bond Sale—The $3,850,000 civic
of 1945 bonds offered for
center
sale
were
on
163, p. 361—
syndicate com¬
Jan. 22—v.
awarded to
a
posed of the Bank of America Na¬
tional Trust & Savings Associa¬
tion, of San Francisco, Chase Na¬
tional Bank, of New York, Blyth
& Co.,'of San Francisco/Northern
Trust
Co., of Chicago and the
Baum,
Kemp & Co.,
;
Trust &
•
Savings
i
-
1
'
•Co., Boulder,.
1
( For
I
Association,
.■.
,
r.
-
—100.00
iy4s
$225,000,
San
(Net interest cost 1.25%.)
For
National State
Francisco,
%
$57,000, 4s, and
$323,000, iy>s —i—->_100.064
San Mateo
County, Redwood City
Elementary School District (P. O.
Redwood City), Cal.
Bond
Election—An
Redwood City
District
issue
of
Elementary School
bonds
amounting
to
$600,000 will.be submitted to the
voters at the election to be held
on
Feb. 26.
Bank,
' ;
Boulder,-.':, /y;
For $45,000, Is, $90,000,
(iy2s, and $90,000, 2s
101.13
(Net interest cost 1.715%.)
(City and County), Colo.
Denver
Bond Sale Details—The
$242,000
2y2% municipal airport improve¬
ment
revenue:
awarded
headed
by
Denver
sold at
—
a
a
Boettcher
v.
162,
p.
bonds
syndicate
&
2994
Co.,
—
of
were
price of 103.50, a basis of
about 1.728%.
These
refunding
recently to
bonds
Dated Jan. 1, 1946.
are
due in
1946 to
v
,
.
(P.i O. r Rensselaer),
y?//^Indiana .:///■(vy)'
Twp.
Bond /
>
Sale—The
$37,800
civil
bonds offered
for sale on Jan 15—v. 163, p. 236—
were
awarded to Raffensperger,
township building
Indianapolis, as
Hughes & Co /of
•
of 101.882, a basis
of about 1.30%. These bonds are
Chats worth Township High School
due on Jan. and July 1, from 1947
District No. Z50 (P.O.
was
7
passed last
June..
y
Chatsworth), til.' V' /
"'i
v
California National Bank,
of San Francisco, at a price of San Mateo County, San Carlos Sch.
Dist. (P. O. Redwood City), Cal.
100.02,
a
net
interest cost of
Bond
Sale—An issue of con¬
13576%, as follows: for $850,000
bonds
amounting • to
maturing June 15, $100,000 in struction
1946, $125,000 in 1947 to 1952, as $100,000 was awarded recently to
5s,
$875,000
maturing
$125,000 the American Trust Company, of
June 15, 1953
to 1959, as Is, San Francisco, as 1^2s, at a price
Anglo
Co., Kansas City;' / *
jointly,.1 yy
-jointly,i/: •- // :l-,^yxyyyy;y.
jFor; $225,000/ 1%s- /
100.089
For $76,000, 23/4s, and '
V < t u
: ^
$304,000, lV2s i-J----i>100.069 (Net interest cost 1.246%.)
Bank of America National
•/'.(/•/:'■ Mercantile Bank & Trust
-
Richmond, Cal.
?
' '•% y;^
^ -/-V'vf/;;
Bernheimer Co;, / ;/;':-y
'
Trust
/
y and
terment projects
•
Controller.
the City
Details—The $95,000
construction bonds sold recently
—v. 163, p. 362—were awarded to
the H^ C. Speer & Sons Co., of
Chicago, at a price of par, as 2s.
Dated Dec. 15, 1945. These bonds
are due $5,000 Dec. 1,1947 to 1965.
Bond Sale
Interest J-D.
■'
iy2s, at a price
to 1966.
Denominations $1,000, one
for $800.
Interest J-J.
An issue of
Jan.
awarded
.(
,,
also offered for sale
163, p. 236—was
ship bonds
on
-
$4,800 school town¬
15—v.
to
State
the
Rensselaer, as l%s,
Bank
of
at a price of
about 1.006,
and
Jan. 1, from 1947 to 1952. Denom¬
Bond Issuance Recommended^—
ination $600. Interest J-J.
The issuance of bonds amounting
Dated Jan. 1, 1946. Other bid¬
to $893,000 has been recommended
ders were as follows:
to the City to pay existing obli¬
Bidder
gations and provide funds for pro¬
;
Price Bid
Raffensperger, Hughes & Co.,
/
posed improvements.
i
///%-,.
102.374,
(P .0. Olney), III.
Sale Details—The $110,000
Olney Twp.
Bond
road
construction bonds
last month to
were
sold at a price
Sept. 1,1945.
awarded
Ballman & Main, of
Chicago, as 2y4s—v.
a
basis of
These bonds are
Moline, III.
163, p. 115—
of par. Dated
Denomination $1,000.
due on July
Fletcher Trust Co.,
-—100.11
5
Indianapolis,
For $37,800, iy2s
$4,800, iy4s
101.20
100.14
For
For
$4,800, iy4s
Fox, Reusch & Co.,
For $37,800, iy2s
_-l._101.04
For $4,800, l%s: —^—100.20
Volume
'•
7
Number 4459
163
THE COMMERCIAL & FINANCIAL
CHRONICLE
Board will receive sealed bids
City Securities Corp.,
Indianapolis,
10' A.M.
til
v,
$37,800, l8/4s —U-....101.5
For $4,800, iy2s 7.--.,—-100.0
R. S. Dickson & Co.,
77: 1
; For $42,600, l%s 7-T.--7l01.07
.
For
These
bonds
1960.
The
School
bonds
fied
Q.
to
amounting
!
;/v
••
7.7"
•
f
V'"V;7 '•»
if-
•
Election—An
from
$500,000
tional
to
tion
be
to
the voters
held
to
Madrid, /«••;.;
1,
of
bonds
will •?» be
Feb.
IV
7'
-
,
issue of
Bonds Voted—An
bonds
struction
con¬
amounting
'
O.
Bond
to
<.
i.
T.
..
Rhodes, t<*>
.
000
water
bonds will be
voters at the
election to be held on Feb, 4.
an
>7*
ing
to
$1Q9,198
on
Jan.
the
:
CityV
101.357,
Dated
Dec.
r
bonds
oh
Dec. *
of
price^ of
Jan. 15-~v.
Felix M.
LOUISIANA
issue of wa¬
bonds
amounting to $130,000, not ex¬
ceeding A°fo interest, will1be sub¬
mitted to thee voters' at an elec¬
tion to be held on Jan. 22. These
Bond Election—An
bonds
'
' refunding
Evangeline Parish School Dtst*ti La.
Court
Ruling
Favors
Bond¬
holders—
cision
as
holders
provement
Characterizing, the' de-
well
as
as
municipal
attention to
board
a
case,.
The United
amounting
for sale
Jan. 23
on
a
out, last week upheld a judgment
L. Porterie of the
western district of Louisiana deny¬
ing the school board the right to
bidders 'Were
suit
The
suit
Kansas
was
brought
re¬
Merchants
1938-62.
La
Salle
• ••
"
„
maturing Jan. 1,
.;7 V";>
7
-7
Parish
Trout-Good
Sch. Dist. No. 21 (P.
Boncl
Offering—J.
Jr., Secretary of the
held
'
^'
*
*
-
'4, -%
«»■
of
'
1956.
„v l46 %'
and
$650,000 permanent improve¬
bonds, public relief and
San Francisco, and
City National Bank &
;
1
Boston
• -<
-
\,
f."
>
.
^
♦.
r1
V For $600,000, due Nov. 15,;;
:1946
For
.
^8%'
-
INTational, Shawinut; Bank,
7
,:i
:
:
r
$200,000, due Jan. 17;
1947
i;
•
A
.-.485%
—
.489%
Gloucester Safe Deposit &
,
Trust
Co.
$170,000
These
held
———.514%
until
8 •:
purchase
construction
were
election
the
bonds.
authorized
at
Jan.
on
Calhoun County Supervisors Dists*
'
;
ing 2%% funding bonds amount¬
ing to $21 £00 were purchased re- ;7
7
cently by Cady & Co., of Colum¬
<
.
v
j Bonds Purchased-~The follow-*
bus
7
77;
7 :;.|77y'
$7,500 Supervisors District No! if
bonds.
,
14,000 Supervisors District No. 5
!
bonds.
,
i
Blair &
Co., Inc.,
Estabrook &'Co.,
Eastman, Dillon & Co., :
Hemphill, Noyes & Co.,
Otis & Co.,
Daniel F; Rice & Co., and
.
;
•*
Dated pec. 1,1945. Legality ap-*
proved by Charles & Trauernicht,
of St. Louis.
Jasper County Beats 1, 3 and• 4
(P. O, Bay Springs), Miss.,,
K
Voted—An issue of in¬
Bonds
Piper, Jaffray & Hopwood,
C
7
-
,
$2,375,000, Is
100.105
For $650,000, Is —.——100.084
Bankers Trust Co.,
dustrial
plant bonds amounting '
$75,000 was favorably voted at J
to
For
election held recently,
an
Philadelphia, Miss.
;
New York,
Hazard Freres & Co.,
Bonds
Purchased—An issue
314%
revenue
bonds
are
of
bonds
''
I //
,
1
\
1
7,
Coi, and
Mullaney, Ross & Co.; "7
-jointly,
1
$87,600
'
,
Kean, Taylor & Co., *.;
Northwestern National
Bank, Minneapolis,
amounting |
to
$275,000 was purchased re- 7
cently by Edward, Jones 8c Co., 7
and the Walton-Hamp Jones Co.,
7:
both of Jackson, jointly.
These,
.
Inc.,
Goldman, Sachs & Co.,
•
for
-
«
;
Harrimari Ripley & Co.,
>
bonds
4
16, by
large majority of the votes;
Lehman Brps,,
•
Feb,
on
bids
(P. Of Pittsboro), Miss.'
;
Co., jointly, :
7
For $2,375,000, Is
100.111
For $650,000, Is
100.038
;■
1%, and must be the
<
:
For
$2,375,000
.
Iron¬
Schools,
of
sealed
* -
7
<,7
.
,7.
•
7
to
\
\
-
described
as
follows: 7
,.7
water works and, sewerage bonds. Due Jan, 1, 1947
1970.
188,000 water works and
sewer-
r
Is —.—100.104
■
:
.46%
Leavitt & Co..
;
?
of
the
,
C. S. Ashmun
:•
Superintendent
P.M.
a
Eldredge & Co.,
Halsey, Stuart & Co.,
''':\77
Bond Offering—Keith L.
side,
will .receive
.
..
Illinois Co., Chicagri,
G. Hi Walker & Co., and
/'"jointly,
purchaser.
MISSISSIPPI
. ,
...
bonds
election
Minneapolis, as well as printed
bonds, will be furnished without
r.
?«
the
Colman, Barker, Scott & Barber,
,
.
s'
.
These
at
of
77
Minneapolis,
First National Bankf
St. Paul,
.
■
bidding.
77.7'are bonds. Due Jan. 1, 1971. 7
>
y; Callable out of funds arising 7
same
for all of the bonds. Pur¬ 7 For $650,000 Is
-.100.076 ;.77? from
the
operation of the
chasers will be required to
77 combined
pay Mower
system,
and not
County Indep. Sch. Dist.
accrued interest on said bonds to
r% otherwise, in inverse numeri¬
7 No. 27 (P. O.
Austin), Minn. If
but not including the day of de¬
cal order on Jan. 1, as follows:
Bond Election Planned—An is¬
livery; • and, - in
$30,000
in
1951
and 71956,
addition, pur¬
sue of construction bonds amount¬
chasers will be required to
7 $50,000 in 1961, and $78,000 in 7
pay
ing to $935,000 will be submitted 7
the City $2,000 per bond to
1966, or on any interest dates "
apply
to the voters at an election which
on the expense of the
77thereafter. ; i7^7;;./7,,7;
City in is¬
suing and transporting the bonds may be held early in February.
Dated Jan. 1, 1946.
Said bonds
to place of delivery and in meet¬
are payable from revenues of the
Robbinsdale, Minn.
ing bank charges for maturity
Certificate O f f e r i n g—E. A.
combined system, plus an addi¬
payments. Delivery will be made Jenisch, City Clerk, will receive tional sum of $40.00
per annum
in Minneapolis, Chicago, or New sealed bids until 8
p.m. on Jan. rental paid by the City for each
one-tenth of
.46%',"
y
$500.
Jan. 1, as
Windom School District, Minn.
*
Sons,,
Bank,
on
or trust
Company des¬
by the purchaser. The
approving legal opinion of Dorsey,
7-
Barney & Co.,
Blyth & Co.,
'
E. H. Rollins &
and
due
ignated
—
Smith.
.
able bank
*V
,
for
Dec.
on
-7
/
>
24
11, 1945. Principal
and interest payable at any suit¬
Kansas? Cify, *'V
jointly,
;
For $2,375,000, Is ;7-7-100 225
For $650,000, Is
-,400.?61
,
.
$1,000
are
authorized
held
77
,
rate
were
Trust Co.,
,
$500. Due Mar. 1, as
$9,500 in 1947, $9,000 C. F, Childs & Co.,
in 1948 to 1953, and $8,000 in Stern Bros. &
Co.,
' 1954 to 1956.
;
,
f; Allison-Williams
Dated Mar. 1, 1946. Rate of in¬
terest to be in multiples of >k or
;
$200,000, due. Jan, 17,-
1947.
■■
,
-
Jan.
on
$27,500
$1,500 in 1948 to 1956, 7
$2,000 in 1957 to 1963.
No
and
split
cost to
;
of
nominations
t
.
P.M.
follows:
.
Trust & Savings;
Association,
/
2
purchase
These bonds
storm
,
.46%,
1946
For
-
for
follows:
Offered—Ray Wenner,
Clerk, received sealed
until
building
coupons bonds, not exceeding 2%
interest. Dated Jan. 1, 1946. De¬
ment;
,
•'J
;
$150,000 ernergency housirig
bonds; Denomination $1,000.
Due $15,000 Mar. 1, 1947 to
7
;
7
Jan.
on
——
exceeding 6% interest:
one
National Bank,
awarded
syndicate headed by Phelps,
Fenn & Co., as Is, at a
price of
100.227, a basis of about 0.96%,
i'<
of air¬
Minneapolis, Minn.
Bond Offering—The Board
f
"
O. Jena), La.
D. Russell,
V
Feb. 5.
on
f».1'
T^-ate
""Gloucester^
-.''"For $600,000, due Nov. 15,
Pine
Parish School
..O
port development bonds amount¬
ing to $25,000 will be submitted
follows:
Cape Ann National Bank,
City Life Insurance::Co.
board, on June 20, 1944,
bonds
as
Boston
after the
coupon
V* >
"
and Taxation- will;re¬
ceive sealed and auction bids un¬
til 10.30 A.M., on Feb. 7 for the
awarded
were
E, Bt. Rollins & Sons
the
adopted a resolution to issue re¬
funding bonds for the purpose of
readjusting V and
extendingr its
serial bonds and calling in,'the
bonds first issued in 1937 as 5%
,
Estimate
Bidder
'yv
by
\-rfi
$600,000 Nov. 15, 1946, and 187,500 Meadowbrook Golf Course
$200,000 Jan. - 17,
1947.
Other
bonds. Denominations $1,000,
straining them from calling in for
redemption
$55,000
.in coupon
bonds Hn. advance of their •-/ ma•
*f-.
to the voters at the election to be
due
of Judge Gaston
%*-*?-"• w* j'-/•••;
-,V
Election—An Issue
Bond
|
bonds
bids
re-
a
Grand Rapids, Minn.
Gloucester National Bank,
discount of 7 0.445% I Dated
23,- 1946. Denoiriinations to
purchaser. N These notes are
J an.
•
-
Spring.
to. the
at
court of appeals, the letter points
turities-'T
the
$2,375,000
3 to
temporary riotes purchase of the following coupon
amounting to $800,000 and offereid bonds amounting to $237,500, not
<-•
v.
J;* .
States fifth circuit
and , :
'V.
to the voters at the election to be
held sometime this
to
Bonds
District
First National
of construction bonds amount¬
sue
—
Gloucester, Mass.
'
bonds
bonds7
Note Sale—The
Federal court ruling
issue " refunding
"G"
ing to $225,000 will be submitted
MASSACHUSETTS
Evangeline Parish school
in. the
:
to holders of
securities,'
the
National Security Traders Associ¬
ation, Inc:, in: a circular letter ad¬
dressed. to its membership, calls
other
bonds
certified check for 2%
bid for, payable to
a
-
Fairmont School District, Minn.
Bond Election Flanned^-Ari i^-
1
$700,006 will be submitted to the
voters at the election, to be
heljd
on Feb. 26.
"Of great importance to
of
Louisiana
municipal
securities
Melvindale), Mich.
MINNESOTA
West Monroe, La.
Bond Election—An issue of im¬
i:
County Sch. Dist. No. 2(1
(P. O. Richmond), Minn.
funding
1958.
\«>l
approv¬
'
City.
bonds
f
part of the bonds offered. The
proposes to ' invest, praceeds of the sale in United States
Kingsbury & Alvis,
For $98,000, 2s,
$244,000,
1 y4s,- arid
$58,000, Is --->100.06;
due in 10 years.
are
the
;
^
100.214
Peoples Bank 8c Trust Co.,
Minden,
For $150,000, 110s, and
$250,000, iy4s..
the
of
Gladys E. Miller, City Treasurer.
Other Bids—The
Shreveport,
Abbeville, La.
revenue
of
series
execute^ bonds and
ing legal opinion of Dorsey, Colman, Barker, Scott & Barber, of
bid.
Chicago,'
.l
Bank of Arrierica National /
due in
com¬
Stearns
obligations
Enclose
,48%)
Bank,
.48%
Government,
trust
Minneapolis, will be furnished
without cost to the successful bid¬
der.
.•
7;
or
Price Bid
$73,000, 5s,. $77,000,
iy4s, and $250,000, Is.
The
the
or
binding
Village
Rives,
For
of
the
bank
designated by the purchaser.
bonds will be accompanied
by the opinion of Wood, Hoffman,
King & Dawson, of New York
City, that the bonds are valid and
.465 %
bonds
amounting to'$40,000, Dated Sept.
1, 1938, These bonds are due on
Sept. 1^ as follows: $10,000 in
1954; $20,000 in ,1956, and $10,000
in 1957. Bids may be placed on all
follows:
Bidder
.
ter
as
with
water sewer.; relief * system
5s, $77,000 iy4s; rind $250,000 Is,
a price; of 100.214. Other bid¬
were
return
ceive sealed bids until* 1P.M. on
Jam 28 for the purchase of storm
at
ders
the
deposited
suitable
any
the
,
iy8s. Interest M-S. Denomination
—
to
and; entitle
,
$1,000. The next highest bidder
was Felix' M. Hives,
for;,$73,000
.
.
sale
•
follows:
1953, '$27,000 in 1954 to 1956,
as
1 Vi s, arid $143,000
maturing
Mar; 15, $28,000 in .1957 and 1958,
and, $2.9,0O6 in '1959 : to : 1961, as
ChieagoA.r:—-r;—.--101.275
-Halsey, ;Stuart;&? Co.i.-.-.-UOl.lW
Harris Trust &. Savings
7;Bank; Chicago
7*7-777101.079
Soden-Zahner Co., Inc,~---101.07;
Barrett, Fitch
Co.—101/146
Northern -Trust Co.,
~
Chicago
—100.936
Stern Bros. 8c Co
100.921
of
The
Bank,
——
.
to
First NationaliBank,
pany
amount
Shawmut Bank,
O.
$1,000 and $500.
Feb. 1, as follows: $2,500 in
1949, and $5,000 in 1950 to 1962.
Due
Principal and interest payable at
purchaser
•
J™V-^u-^i^',45%.:.
:
Denominations
bonds, will,
the election of the
purchaser,
drain
bonds, as Is, at a
price of 100.269, a basis of 0.95%
purchased by the same group—v.
163,* p. 116-^also received the fol¬
lowing bids:
j •
called.
Bidder
|
7
Price Bid
Qrosse Pointe Park (P. O. Grosse Northern Trust Co., Chicago,
Chase-National Bank,
,
->
Pointe), Mich.
New York,
Bond .0ffering—William
H
|
Cf.
Stammari, Village Clerks will re¬ First-National Bank,
|
$257,000 maturing Mar. 15,
$24,000 in 1947 and 1948, $25,000
Bid
Other bidr
Rati
-
purchase of $67,500 road and
bridge coupon bonds, not exceed¬
ing 2% interest. Dated Feb. 1,1946,
contract
are
calls
for
payment
on
March 1, at par and accrued in¬
terest, at the Detroit Trust Co;,
Detroit; 3 lk% < refunding bonds
Nos. 672 through 716. Dated Sept.
1, 1951. Interest ceases on. date
J
bidders
.■
(P.
iri 1949 and 1950, $26,000 in 1951
Bidder
notes
11 Bond Call^-Ralph D. VWillard,
Secretary of the Board of. Edu;
For
for 1% bonds:
These
Jan. 24 for
on
the
relieve the purchaser from his ob¬
ligations under the terms of the
Dated
cation,
$11,198 in 1946, $11,000 in 1947 to
1954, and $10,000; in 1955. Other
were
0.43%,
MICHIGAN
Sc/il
as
Bank, of Boston,
of
bides until 2 P.M.
or
otherwise, subjects to a
Federal income tax the interest on
bonds
of
a
class
or
character
which involves these
at
certified
a
Town Clerk, received sealed
way,
tions
P.'
f:
;
Ecorse Township Sch. Dist. No. It
amounting to $400,000 and
on
V*v* ::
,•
:
-
Roscoe (P. O. Zumbrota), Minn.
Bonds Offered—Archie Hemen-
exemp¬
The
Boston
as
The construction
interest cost of 1.1787%
follows:
as
—
V*..*'
—
1946.
Boston
163,
p. 116~^were' awarded ■ to ,Whit^,
Hattier & Sanford; of New' Or¬
leans, at a price of 100.011, a net
These bonds
1>; 1945.
Sale
offered for sale
basis of about 0.739%.
a
due
for
Bank,
4s, •at a
Bond
.
awarded to
Riveryievir estate
Kansas
are
were
24,
First National
Feb.
described
••
National
Boston
voters
on
No. 6 (P. O. Minden), La.
gen¬
offered
and
24
are
^|i*fw /Vlmjli ilfinJen
City, Kan.
improvement bonds amount¬
sale
the
.
Bond' Sale—-The series P,
eral
to
-
discount
a
National
bonds
of Road District No. 2 bond$.
,KANSAS
Kansas
submitted
election to be held
V. '■: 0.52 ^
-
Day Trust Co,, Boston- V>
of
'issue
;
Bidder
;
bridge
..ft
Sale
Second National
(P.
Abbeville), La.
arid
- - - -
due on; Nov. 4,
1046.
ders were as follows:
i ■'
v•'
i- 2
•».
chants
at
Jan.
$110,000 Sub Road District No. 5,
of Road District No, 2 bonds.
66,000 Sub Road District No. 3,
the
U
'•
• -
follows;::- i&i
system
;
V-.-
^
<'
26. These bonds
■
Bond Election—An issue of $6,-
submitted ,to
'■>. ■',
road
will .be
at
t
■
Election—An
$176,000
$800,000 was favorably voted at
the election held on Jan. 14.' 7 j
; Boston,;-
7
-
0.48%
opinion
the purchaser. Enclose
check for $500.
acceptance of the bid and prior to
the delivery of the bonds, of Fed¬
eral legislation which in
terms, by
the repeal or omission of
-
of
cost
.7'/'
Co,V--—---Vl-
on
tion: The
enactment, at any time
subsequent to the submission and
temporary
notes amounting to $500,000 were
awarded
recently to
the
Mer¬
Feb.
Vermilion Parish Road Dists.
j
*
•
-
proving
application to the
City Comptroller. Any bid offered
is subject to the
following excep¬
■
Medford, Mass.
$1,000.
from
interest
7~-
and interest
7,
fol¬
as
*
.
1
7
8c
Note
White,: Hattier & San4
Vf y''-.
'V'V'«
i-
'
Ja.%
was
were
'
•
The next highest
ford, at a net
1118941%. 7
7 7
-
:
Feb.
Dated
due
are
■
Nov.
on
of
Minneapolis.
The ap¬
of Dorsey, Colman, Barker, Scott & Barber, of
Minneapolis, will be furnished
accepted. The bonds may be
registered as to both principal
Merchants National Bank,
awarded
Denomination
-
bonds
bidder
submitted to th£
Ottumwa School District,
1.179%.
•
Leavitt
16
'7 7-
1, 1947 to 1966.
the election to be held
voters at
1946.
These
construction 'Community
building- bonds
and
City
Hall
$45,000
on
." ,»
.
Co.,' and Lamar, King¬
LaBouisse, both of New
Orleans, • jointly, r at a net inter¬
oL
due
are
Bank
be
1946. De¬
purchaser;
^
Rate 1
First.National Bank, s
.J •. j
;Boston I..,
—^0.47%
&
cost
24,
suit
*
Other bidders
Bidder
Weil &
ston
\
issue
162, p. 2995—were
—-v.
est
BondV Election;— An
1946.
Jan,
to
-
notes
lows:
;
Jan.
on
7
"
v-
;
bonds offered for sale
sub?
March 11.
on
payable to
Board.
Dated
These
V Bond Sale—The $175,000 schQol
of
the. elec¬
at
for $4,000,
for the purchase of
$25,000
iy4% emergency debt certificates.
Dated Feb. 1, 1946.
Denomina¬
tion $1,000.
Due Feb.
1, 1947.
Payable at the First National
to
nominations
certi*
a
,(P» O.' Chalmette), La.
,,.
vocaf
will be
bonds
school
mitted
0.44%.
St. Bernard Parish Sch. Dist., No. 1
e'? 7'7("
issue
$750,000
to
to
Hardtner, President of the
Parish School
Dubuque School District, la.
Bond
;
check
T.
March
i
Cutler,
31
Note Sale—The
amounting
,
$920,000 will be submitted to the
voters at the election to be held
•
&
1947
in
Haverhill, Mass.
York City, at a national bank ac¬
temporary notes ceptable to the purchaser, any
$700,000 and off. charge made by such bank for de¬
fered for sale on Jan. 24 were
livery service to be paid by the
awarded to the National Shawmut
purchaser.
Bids
offering
an
Bank of Boston, at a discount
of amount of less than
par cannot
the
opinion of
of Chicago,
will be furnished. Enclose
District, la.
Bond Election—An issue of con¬
struction
for
2
due
are
approving
Chapman
'
Clinton
March
on
'
un¬
purchase of $80,000 bonds, not ex¬
ceeding 4% interest. Dated April
1,
1946.
Denomination
$1,000.
,
on
513'
-
-
-
.-7. ''77:• -'7"
">5
1
'
-
Legality ; approved / by
&
Trauernicht, of St.
fund).
Charles
inciuaeu.
included:
s
ers
iiuv
Tupelo, Miss.
Bond Issue Requested-
'
UAAV
»f
WV-
.
I
i
Election
Bond
t
■
T
proved as. to legality by Charles
& Trauernicht, of St. Louis. Dated
Dec; 1, 1045.
.
,
Kansas City,
Mo.
1
1
"**A
*
-
'
i,
Jan.
-
-
Ryan,
$1,000
13,000 water bonds. Due
from 1947 to 1959.
For
100.44
1.452%.)
Burke County (P. O, Morganton),
'North Carolina
-
l3As.
as
y
:■
tion
$1,000.
follows:
as
1946. Denomina¬
tion $1,000.
Other bidders, for
1.20% bonds, were as follows:
!
I
1965 to 1967, as l%s. I
school bonds: for $50,000
Dated Dec.
of the State
constitution were violated, and y
That it violated the U. S. Con¬
stitution by creating a tax of 10
cents a gallon for low-test, and
Dated Jan. 1,
$7,000
maturing June 1, $10,000 in I
1963, $20,000 in 1964 and 1965, |
.as 2%s, and $42,000
maturing |
$21,000 June 1, 1966 and 1967, |
Sutherland & Co.,
$75,000, iy2S—
Bonds; I
1,
lftKI
-i.
from 1947 to 1951.
and
•
"
That other sections
.
y;j;y,|:
1, 1945. Denomlna- I
Other bidders vvere I
f
;
/
Bidder
|
Price Bid
First Securities Corp.,
ft;
Durham,
SaleyTh^ $45,000 school
bonds offered for sale on -Vance Securities Corp,,
Bidder
.Biaaer
Jan.
Jan
10—v.
15—v.
xuu,
163,
p.
238—were
Greensboro, and
\2Vz cents for high-test gasolines.
Marine Trust Co., Buffalo. 100.216 awarded to Kirchofer & Arnold,)McDonald-Moore & Co
of Raleigh, at a price of 100.058, W jointly.: ?
Geo, B. Gibbons & Co.,
NEBRASKA
5.
of)
Missouri (State
..
.
Cincinnati,
of
&
June
92,000
ac
(Net interest cost
held/ on
election to be
,
AW
^
-
Jan. 1,
Election—An issue of
parking and underground garage
bonds amounting to $2,500,000 will
be submitted to the voters at the
primary,
,
KJL
of
'
June 1, 1963 and 1964, as 2 ¥4$
and $21,000 maturing $7,000
stitution;
Bond
Mar.
0
'
"
1
1
_
road and bridge
$14,000; maturing
for
offered for sale on Jan. 22—v, John Nuveen & Co.,, and „
- 163,, ir - 364—were awarded to1 Tily Wachovia Bank & Trust Co
p.
Vwlr
1ns'
Asheville, jointly,' "
'•
ney & Co., of New York, as 1.10s;
For $65,000, l^s, and
at a price of 100.22, a basis of
V $10,000, iy4s
J.A00.02,
about 1.05%:
;
$17,000 equipment bonds. Due on (Net interest cost 1.441 %.) v .
:
utv.
the |
purpose to which the funds were
be applied was 1UUUV in the
to
UC
VVMLJ
made
act, no provision made for tax
evy,
no time fixed
within the
act when the proposed debt must
be paid, as required, by the con¬
speciiiurtnuii
specification
no
r
nnn
syndicate composed
a
both
$35,000
-
That
inai
.
„
Co., of Chester, at a I
price of 100.002, a net interest cbst |
of 1.987%, as follows:
;
I
the special elec
>ters in Chouteau county;
no
Co.,
.
MISSOURI
;1
.*
..
&
-
•'-///'/vVHayti, Mo. -p: :;/.;/>•-/ //
Legality Approved—An issue of
588,000 1% % water works apd
sewer improvement bonds was ap¬
,
•
r<».
Fox, Reusch & Co., Browning
Hamilton
-
That notices of
i.-
■
-
of
,
-
$200,000.
"■
1 er
awarded to
Corph
Authorized—The stitution;//'//>/;/.■■/:/;•// ■:/// /
That registration was closed a
Bank of Belmont;
amounting to $100,000.;
City has been authorized by the
For $75,000, iy2s_^:_ 100.80
State Agricultural and Industrial day too early in Chouteau, Hill,
(Net interest cost 1.415%.)
'
'
NEW YORK
Board to call an election to sub¬ Madison, P e t r o 1 e u m, Powder
Kirchofer & Arnold", y
mit to the. voters "an issue of in¬ River, Sweet Grass, Treasure and
Croton-On-Hudson,N.Y.
'///l///
For $75,000, 1V2 s 1 - dustrial plant bonds amounting to Valley counties;'■
-100.63
Bond
Sale—The
following
'
_i
*.j
n
lssue Requested—On Jan. \ - ,. ,
For $50,000, lVzS,
P°uhty Park Commission ] Equitable- Securities and
requested that the County Board ' $25,000,1%S l^s, and
For S50.000, ,
of Freeholders authorize an issue.
of parkway development * bond$ I (Net interest cost 1.37%.)
L
,
Carolina
North
i
Bond Sale—An issue of $127,000
$25,000, 2s, apd
;
j
jdouci oaie—Jtxn issue oi $az <,ovu
$50,000, I V4S .—^——--100.04; refunding bonds offered for sale
-1 Oti/iCf\
.v'-M-iJ'-J-.
on
Jan. 15—v. 163, p. 238—was jj
(Net interest cost 1.364%.)
For
://••;> •<,
"€W Jersey -
•"r";l
...
.
...
non-taxpaying voters were
hot allowed to vote in the special
0,0"finn
election ^ntrarv to the State concontrary to the State con
That
Louis.
Montgomery County (P. Oi Troy),
J Interstate Securities Corp.,
Charlotte,
'
proved by* Hawkins; Delafield &
would . be - con- proved by Hawkins, Delafi
structed or improved.
: ; Longfellow, of New York.
Twenty-two contentions of in- ...
_
.
,
validity asserted by the petition- ^mon. County (P. O. Elizabeth)
New Jersey
roads
ondary
hydrant in the City; which
sum is
payable out of the General Fund of the City (taxation
fire
Monday, January 28, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
Bond
Price
:
building
Gothenburg, Neb.
Bond Sale Details—The
Record' High Revenues Seen
The; income of the State will run various issues of bonds
recently to the Robert E
to a record high of more than
$70,500,000 for the year ended Co., of Omaha—v. 163, p. 363
Dec.
31, according to . Forrest were sold, as follows:
Smith, auditor.
.
$35,000 park improvement .bonds
"Last year's total was $61,156,$12,l)UU
$12,000 maturing ^,uuu L/Ct, I
$3,000 Dec.
168," Mr. Smith said. He attributed
;
15, 1947 to 1950y as Is, and
the increase to a greater amount
?ec~15,
of money.collected from
000 m 1951 to 1954, and $7,000
UUU 111 llldX IU APOIj Uiiu y
and sales taxes.
in 1955, as iy4s. Interest J-D.
The total amount collected as o
47,000 hospital bonds; $21,000
Dec, 29 was $68,516,319, and Mr
maturing Dec. 15. $5,000 in
Smith said government employes
1947 and 1948, $6,00Q in 1949,
/ were /Tunning; /acouplq of miland $5,000 in 1950, as Is, ano
lion dollars in collections through
$26,000
maturing; Dec. ,15,
/ the hopper" over the last week¬
»D,UUU 111
amw.
w
$5,000 "in 1951, and $7,000 in
end.
1952 to 1954, as iy4s. Interest
•
-
.
| jointly,
For $44,000,
and sales taxes,
/ "Income
both
highest in .the history of the
State, also cost less per, dollar to
1
collect," it was said. Sales taxes
for the. year 1945 were $40,500,844 an increase of 13.7% over 1944
-
/; and cost 1.4% of the total
;
hs - compared with: 1.7 %
Of collection in 1944.
t
.
collected
for cost
,
,
„
1
i This represented a total volume
//of sales of approximately $2,025,042,228.50 for 1945. /,'■/"
m
Income taxes
./
the State
•/to
authorized
were
were as
"
at
the
election
refunding
2%%# semi-annual,
v.......
bonds
Mahopac National Bank,
;
Mahopac;
\
purchased recently, by
of Omaha. y«
been
I Newburger, Loeb & Co.,'
For 1 V2s -JT™ • lu^,100,44^
John
:
North Platte, Neb.
Bond Election—An
t
.i. ^
/■///////;; Orari, Mo> %
"
v
yy bonds' has been approved as to 10gality by Charles & Trauernicht,
of
St. Ijouis. These bonds are
dated Dec.- 15, 1945.
<
.
.
.
....
.
,
MONTANA
(State of)
Montana
Questioned
Debenture' Validity
the validity of
—A suit attacking
*
Bid received too
late for con¬
sideration.
••\y.''.y-yv; .v-yj
'r'*■vv
NORTH
CAROLINA
Bond Sale—The $75,000 public
isorni o»ic—Xnc
2% interest improvement bonds offered for
Will be submitted to the voters sale on Jen. 15—v. 163, p. 238—
oim/ii/.ofp
were-awarded to a syndicate comjat an election to be held on Feb. 5.
posed of Scott, Horner; & Mason,
Saunders CountyAXshland Park
| of Lynchburg, Pebples National
Schi Pist. (P. O. Ashland), Nebi
Bank, and C. F. Cassell & Co.,
Z'F-£'7\' ^
-v.-....
...... ...
••
•
<fe4n
'
.
struction
post-war highway con¬
and: improvement, was
NEW HAMPSHIRE
The
petition
Pioneer
•
Johnson, both of
:
*
brought by
and Ford
Inc.,
Helena/who
among other
con-
things, in
increasedgasoline taxes / to
the bond issues would Be
"excessive, unreasonable, confis¬
catory and oppressive."
..
f.M
Listed as defendants werC: the
State Board of Equalization, Gov.
Sam Ford, Attorney-General R. V.
Bottomly, State Treasurer George
ton, in the purchase
v
-v
a
repay
p.
of State Sam
and State Auditor
P. Porter, Secretary
W.
Mitchell
John
The
basis
of
117.
163,
.
NEW JERSEY
Denville
Bonds
Bonus
athletic
hnnrts
bonds
Sch.
Dist.,
ueteatea—An
Defeated—An
field
and
N.
Bid
at
the
legislation was
passed by
Finance
Officer has
First
,
'
Securities
Durham, and
1.263%.)
Corp.,;
.
<■
;-
,
,
100.011
Provident Savings-Bank &
Trust Co., Cincinnati, /
■
:
,
it
(Net interest cost 1.325%.)
■
j
Ryan, Sutherland & Co.,
/ For $50,000, iy2s
100.49
(Net interest cost 1.454%.)
-
'
,Co.,
f
|
'
'
•
,
j
<
" 1
/
:
$50,000/ly^s /-?-/AlOO.lTJ
jointly,
(Net interest cost
,.'/
' J
/Durham,
Vance Securities
>
.
Corpj
'
Greensboro, and'
;/ For $50,000, VAs
loo.oii
■
ap-
...—100.061
'
^ jointia^^
Sutherland & Co.,.
$45,000, iy4s
:-100.14
(Net interest cost 1.224 %.)
•
J
McDonald-Moore & Co,
;; For
Vance Securities Corp.,
Co.,
arid
For
Ryan,
'y
*
&
(Net interest cpst 1.484%.)
Bank,
refunding
with
original holders. " Dated Oct. 15,
Legality
R. S. Dickson
First "Securities Corp.,
announced that $79,000
sec-' Bank,. Barhegat.
|
Price Bic
Bidder
100.00
.
and 1,100 miles of
bidder^
follows:
C. F, Cassell &
For $8,000, 4s, and
Greensboro, jointly, i
;
$37,000, iy4s
100.002
For $30,000, iy2S, and
'/•
the $40,000,000 post-war Federa*
(Net interest cost 1.376%.)
$45,000, PAs
y_™_100.00
aid road building program, and
First. National Bank,
1945.
Denomination $1,000/ Due
(Net interest cost 1.302%:)'t .
was approved by taxpaying voters
Waynesville,
\\ <
$3,000 in 1946, and $4,000 in 1947 First of Michigan Corp.,
\\
in a special election, June 5. Un- to
1965.
Principal and interest
For $5,000, 6s, and '
' • ' ' \i I : For $8,000, 2y2s, and / >
rtr\r\
*i
I lv/
* Mnvq/wt unu m vv^*.
v
$37,000, 2y4s
—.100.058
$70,000, 1 V4s—--rf--.100.006
der the program some 700 miles payabIe
at
the First- National
of primary
$1,000. The other
as
/ Charlottesville, and
bonds have been exchanged
,
Interest
iy4s.
1, 1946. Denom-;
Scott; Horner & Mason,
Peoples National Bank,
Morganton,
.
'
For $20,000, Is, and
;
$25,000, iy4s
(Net interest cost 1.19%.)
>,iS, and
interest cost
as
$10,000, 1 V4s
1.173%.)
Georgia,
First National
$60,000,'iy4s _.„:_-_M00.044
(Net
Tuckerton School District, N.J.
Bond
Exchange
Completed
The District
-
opm-ffia
For $15,000, 1
on
.
Jan.
(Net interest cost 1.438%.)
For $12,000, Is, and
$33,000, 1 y4s
—100.286
(Net interest cost i.177%.)
Atlanta
was
J. Holmes.
f; the 1945 Legislature as a means
of providing Montana's share in
of
1957
For $40,000/
Atlanta,
was
election held
11.
Crt
Jan. 15—v. 163/
on
'
%s, and
$25,000, Is
Trust Co. of
_.
.'playground
were
(Net interest cost
$25,000, Is
100.002
(Net interest cost 1.245%.)
of
For $20,000, 1
/
;
Fox, Reusch & Co.,.
Browning & Co., and
Hamilton & Coy jointly,
For $50,000, ly^s, and
Dated
ination
Fox, Reusch & Co.,
Browning & Co., and
Hamilton & Co., jointly,
,
R. S. Dickson & Co.,
J.
issue
ammmtinff tn
amounting to itzn nnrt
$20,000
defeated
Jan.
$10,000 in
J-J.
$35,000, 1 J/4s, and
$10,000, Is >., (Net interest cost 1.156%.)
on
1.128%—v.
about
refunding bonds of¬
238-^\vere: awarded* \o a Syn-j
dicate composed of Fox, Reusch
& Co., Browning & Co., both of
Cincinnati, and Hamilton & Co.,1
of Chester, 'at a price of 1Q0.01, a
net ipterest cost of 1.341%, as fol¬
lows: For $20,000 maturing Jap
I, 1955, as 1 Vzs, and $30,000 ma-^
turing Jan. 1, $20,000 in 1956 and
For
Other bid¬
Bidder
bridge
-
r
road
$50,000
p.
Asheville, jointly,
Price
Co.,
associated with F.
Brittain Kennedy & Co., of Bos¬
Bond Sale Details—Tyler &
Sale—The
-
Dated Dec. 1, 1945.
,
.
fered for sale
,
ders were as follows:
of Boston, were
that
and
$30,000, iy4s, and
$15,000, is
_.>aoo,oo
(Net interest cost 1.12%.)
For $10,000, Is, and
Dec. 21
$65,000, iy4s ^.100.009
their
petition " for
injunction of $70,000 public improvement
against effectiveness: of the act bonds as ll4s, at a price of 100.68, (Net interest cost 1.238%.)
y tended,
f
was
Motors,
?r„,—
__
Denomination $1,000.
Berlin, N. H.
Supreme Court.
■
««««,
Interest J-D.
with the State
filed here, Jan. 9,
Bond
For
,
*
♦
Ashe*
O.
boro), N. C.
Burfhas®d—An issue of both of Charlottesville, at a price Wnr>hr»via Bank & and
(Net interest cosxy.^yp,:Co.,
construction, bonds^ was of 100.031, a net interest cost of John Nuveen & & Trust <
Wachovia Bank Co.,
Trust
1.207%, as follows: for $10,000
nnnS
ture
'
Randolph County (P.
Greensboro, jointly,
<em nnn
Montana's 1945 Highway Deben¬
purchased recently by the WachAct, which authorizes the
ob-Bender Corp., of Omaha, as 2s. maturing $5,000 June 1, 1948 and
Highway Commission
to issue
These bonds were authorized at 1949, as 6s, and $65,000 maturing
$12,000,000 in treasury debenture
the election held on Dec. 14.
$5,000 June 1, 1950 to 1962, as Is.
bonds for
;
Weil, Roth & Irving Co.,
For $71,000,
and <
$56,000, 2y4s /..-.Ai.
100.015
(Net interest cost 2.461%.)
First Securities Corp
Vance Securities Corp.,
Durham, and Cor
mm.
o
.
100.031
(Net interest cost 1.091 %.)
Co.,
For $30,000, 1V4S, and
; $15,000, Is ~
(Net interest cost 1.102%.)
.
exceeding
not
000,
s
E. J. Prescott &
y
Belmont, N. C.
Election—Ah issue of con¬
struction bonds Amounting to $90,- p
amounting
Bond
■
Paine, Webber, Jackson &
Curtis,
For $8,000, 3s, and
$37,000, Is _._-.-.100.006
mu¬
$1,042,143 over 1944.
nicipal auditorium bonds will be
*' ^ c (/.'
,r\z 'V,S'' submitted to the voters at the
) i §:/ //. election to be held on April 9.
Bond Legality Approved—An
Osceola $ch. Pist., Neb.
issue of 3 Va % public improvement
y /
"
Buffalo,
1.60s"—-A
For
issue of
increase of
'i* <
>
Trust Co.,
brought $12,419,349
and represented an
.
Manufacturers and Traders
-
& Co.,
$99,000, 2 y2s, and
"$28,000; Vh*
^100,06b
(Net interest cost 2.439 %.) 'f;/1:.
Equitable Securities Corp.,
For $25,000, VAs, and
$20,000, Is
—100.008
(Net interest cost 1.085 %.)
3:"rFor;l;.40s-;y£^:|ii|P||^
$10,000 has
M. Douglas,
R. S. Dickson
For
jointly,
For $4,000, 6s, and
$41,000, Is
(Net interest cost 1.071 %.)
^
amounting to
•
100.01
Peoples National Bank,
Charlottesville; and
C. F. Cassell & Co.,
.
■«. _ ««-•
.
wm
For: $78,000, 2%s, and
$49,000, 2s
100.013!
(Net interest cost 2.439%.)
& Co.,
Scott, Horner & Mason,
Buffalo,
—— —. —~ ~
Co., and
■y *v,vw.v;.v—
$8,000, 2s^ and .
$37,000, Is
(Net interest cost 1.043% .)
oo
nn
i
(Net interest cost 2.419%.)
Pohl &
For
Bid
v-OA
Marine Trust Co.,
For 1.40s
Purehased—An issue of
Bonds
/f
i
_
;
R. S. Dickson
Price
.
—„
Hildreth, Neb.
/a
follows:
Bidder
held on Jan. 8.
«
$500.
and
$1,000
These bonds;are due on July 1,
from 1947 to 1963. Other. bidders
4
Dated Dec.
i',jl vi
1:275%, Dated Jan. 1,; 1946, .De-
nominations
2V4s, and
A"—100.019
100.244 Seasongood ^ Mayer,
jointly, /
(Net interest cost of 0.957%)
io4«
fTilney & Co., for 1.30s>^ .100,22
Newburger, Loeb & Co.,
For lV2s
100.44
15,1945. These bonds
J-D.
the
--r—
.
$83,000, 2
Price Bid
f
Chas. E.; Weigold & Co., both of Bidder
New York, jointly, as 1.30s, at a Northwestern Bank, price of 100.20, a basis of about North $45,000 ls^Sp^ii
.tno_lmFnr(S45.000 Is
For Wilkesboro,
»
~
VJiPJK,u..u ^
UCU.y JJ,
2.166%.)
-
"-.I
I
^
/—.tlOO.03,
(Net interest cost 1.495%.),
;; /J
John Nuveen & Co., and
j
Wachovia Bank & Trust Co.,.
!
I Asheville, jointly, \
For $20,000, l3As, and
V
>
// $30,000, 1 Vzs——_./>^ioo.ol
(Net interest cost 1.591%.)
i
Kirchofer & Arnold,
$20,000, iy2s, and - / :
4
$30,000, l%s
_-_^noo.i3
(Net interest cost 1.645%.)
;
]
For
Weil, Roth & Irving Co.,|
For $40,000, 13/4s, and
j
10,000, lV2s —._«_A00.05
(Net interest cost 1.689%.)
-
y/Y.v
Volume
163
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4459.
-
101.168,
163, p. 118—were awarded to
of
Paine, Webber, Jackson &
v '
'
'
:
/• ■ /•'"'I?';;;YYY> the First National Bank, of Bur¬ '1.0745 % .•• „■ \7 7 ■.• v; ■ ■;• Y7
7Y.. ~■;. ..7
For $15,000, 2.(4 s, and • ;7/ ton, as l(4s, at par plus a, premi¬ $641,950 sewer bonds, as IV4S.
$35,000, 2s
__J__^_100.U I um of $55, equal to 100.61. These 7
Denomination $1,000, one for
(Net interest cost 2.059%.); Y/Y bonds were
authorized; at the | 7 $950. Due from 1947 to
1971.7
election held on Nov. 6.
Other (
400,000 airport bonds, as Is. De¬
Washington Pub. Sch. Dist., N. C.
—v.
.
■
interest
net
a
Y Curtis,;.
cost
bidders
public
improvement bonds offered for
sale on Jan. 14—v. 163, p. 238—
/ Bidder
Paine,
•;
Pre-;
7 "Rate
mium
•
■
•
White
A.
J.
awarded to E. J. Prescott &
were
were as follows;
,77/-'«-:y•;;.■; ■'■ >yU
Sale—The $10,000
Co.—YS
&
Webber,
Jackson
it
1V4 %
Co., of Minneapolis, as l(4s, at a
price of 100.21, a basis of about
1.225%i /Dated Jan; 1/: 1946. De¬
nomination- $1,000. ; These bonds
bonds are due on Jan. •T,v* 1955.
City
bids until 7:30 p.m.
on, Jan.
31
for the purchase of the
following
bonds
Other
be
were
'77
for
Bidder
First
;
;
1 (£%" bonds
held
Sch. Dist.
the
to
the
voters
Co., and National City Bank,
Marion, jointly, for $641,950 IV4S,
$400,000 Is, at a price of 100.'778, a net interest cost of 1.1051%.
defeated
that
were
Marion
Bonds
)
Securities
Corp., 7/7/,-.77:7'■ November, 1945* ,V
v
• ;
•
- •
: Durham, and
' .■/. /
;
y-y-yyyyr. Columbus,' 0.hip:y:S$S
$
Vance Securities Corp., - : ■*- " 7
Bond
Ordinance
Passed —A11
Greensboro, jointly ____101.10
ordinance calling for the issuance
Fox,Reusch & Co.—_-.-_101.06
of health, safety, and park equip¬
Kirchofer & Arnold
100.25
ment bonds amounting to $575,000
Bank of /Washington/
100.21
was passed
recently by the City
■'
NORTH % DAKOTA
*
Council.
The
bonds were
ap¬
bonds
-
Real
bonds
Lee Higginson Corp.,
Paine, Web¬
000
ber, Jackson & Curtis, both of
Chicago, and Goldman, Sachs &
Co., of New York, at a price of
i
These
118.02.,
bonds
«
National
Minneapolis, at
Nov.
Bank,
bonds
issue
of
amounting
to
$323,000 was defeated at the elec¬
tion held on Dec. 31.
price of 101.018.
passed
failed
to
election
mitted
construction bonds Vthat
carry at the November
in 1945; will be resub¬
to
the
voters
the
at
recently
$1,500 Sept. 1, 1947 to
Principal and interest pay¬
1966.
able at the Kenton
Dunkirk.
,
**-/£
Passed—An
Ordinance
Jan.
exceeding; 2% interest that
carried at tbe November-election
in 1945, was passed by the Vil¬
lage Council on J an. 7.
Dated
May 1, 1946.
Denomination $1,pot
These bonds
are
due
about
b ond
s
Wm,
the
bonds
:
f Education.
laridon
Local
Sch.
O.
Chardon), Ohio
Bond
Sale —The
$9,000 school
>nds offered for sale on Jan. 18
1 Vtfc
&
$394.00
'
Company,
;■
.
»,
.
146.00
-
-
Cincinnati
Lake
•':'
139.00
VU<fc
"
?
,
1&#
3,477.00
Jw;: V/2%
3,285.00
•'
Township Sch. Dist. (P. O.
Millbury ),Ohio
|
continues
to
be
quite
strong for Ohio municipal bonds
and
our
20 Ohio
index
of the market
bonds
of 1.24%
from
rose
a
for
yield
week ago to 1.22% to¬
day. The indices for 10 high grade
bonds
Creek
County, Olive Consolidated
Sch. Dist. No.
arid
ing
Sale—The
construction
to
sale
on
$385,000
Jan.
site
bonds
and
purchase
amounts
offered
for
awarded to
ris
tion
$1,000. These bonds are due
$8,.000 April and Oct. 1, 1947 to
1952, and $8,000 April and $9,000
Oct. 1, 1953 to 1969.: Interest A-O.
a
10 lower grade
similarly, from yields
of 1.09% and
1.39%, respectively,
to yields of 1.07% arid 1.37 % to¬
day.
.
^The sale
$130,000
Monday (Jan, 21), of
Fostoria
1947-58
1.07%
with
net
at
School
101.11
bonds
for Is, and
interest
many,
other
cost,
together
recent
sales
of
hew; issues of
Ohios, amply dem¬
onstrate the strong demand pre¬
vailing for Ohios.
Ohio
New
■'
Bond
Sale
—
The
(P. O. R. F. D.
Bristol),
Treasury
of the
Sold—An issue
,
October
upon
sold to
was
Balance
Hits
state's his¬
and
offering the lowest rate of in¬
terest, aqd agreeing; to
and
accrued
certified
par
Enclose a
interest.
check
for
2%
City Clerk
will receive sealed bids until 7:30
Jan.
on
29 for the purchase
of
$18,000 water system bonds,
not exceeding -5%
,jpterest. These
bonds / were- authorized
at; the
to
Muskogee, Okla.
Bond
will
:
:
be
submitted
$200,181,352.04,
about
or
$65,500,000 more than the $134,433,147 a year ago.
The balance
at the end of 1945 was
458.
-
,
,
.
in
highway funds, $11,687,429
liquor
funds
and
$6,805,655
poor relief monies. - There
several, smaller accounts.
in
in
the
19:
bonds.
I12%
1 for
an
Sale —The
Bond
$90,000 war
building bonds offered
memorial
of
notes
amounting to $100,passed recently by the
City Council, to meet outstanding
indebtedness, operating expenses,
and payrolls to June
1,1946. Dated
000
was
interest
Clearing Horise Association^ as 1 s
at a price: of 100.133/ a basis' of
1946. These notes are due
before six months after date.
about
0.979%.
These
bonds
are
Small-Milburn
Co.
following :7;
p. 239—were awarded to a
Syndi¬
cate composed of the First
Na¬
tional Bank, Harris Trust & Sav¬
Election
the
7;-
Claremore, Okla.
sewer system bonds,
235,000 city building bonds.
20,000
highway
improvement
$230,000
:____100.03
w a
t er
system
■
plant
/bonds.
issue
$85,000 municipal electric light
and power plant bonds was sub¬
/ Payable
mitted
years, from
to
tion held
the
on
at the elec¬
voters
V, V
Jan. 22.
7 Bonds
*7 ■>
—
An
issue
bonds
of
000.
.
$125,000 park improvement bonds,
not exceeding 4(4%: interest, was
favorably
held
voted
Jan.
on
the
at
11,
Latrobe
,\
.
J".
_
:
;
'x
4
;
Municipal Authority,'Pa.
"
v<
_
^
.
RHODE
30
how¬
,
■_
7';~
'
'Y
;
4
•
7
ISLAND
Newport, B.' /.
.
;Vig7;|:
subject,
date,
*
,
election
PEHHSYLVAKIA
within
in. series
to redemption prior to ma¬
turity. The sale 6f the bonds is
subject to .the approval of the
Department of Internal Affairs.
Enclose a certified check for $10,ever,
Salem, Ore*
Voted
Y
'
15,000 park improvement bonds.
of
Note Offering?~George A. Bis- ;
City Treasurer, will receive 7
son,
sealed bids until 11 A.M.
on
Jan.
7
29 for the
purchase of temporary
notes/amounting to $100,000, at*
#
Bonds
was
Bond Election—An issue of city
hall, swimming pool, sewer dis¬
posal plant, settling plant; and
-1
purchase of the following cou¬
$500,000:
pon bonds amounting to
—___1Q0.07
Held—An
Brown,
Clerk, will receive sealed
bids until 10 A.M. on March 4 for
Wdynoka; Okla.
Bond
Legality to
City
Bid
C. Edgar Honnold
the bonds.
New Castle, Pa.
Offering—C. Ed
Bond
,r
Bidder
Purchased—^An
water
bonds
bonds amounting to $1,041,950 and
offered for sale on Jan. 19—v.
on
'
2%
OKLAHOMA
7
po-
approved by Wood, Hoffmany
King & Dawson, of New (York.
clusive, and $13,000 in 1956/ Other
bidders, for 1 % bonds, were as
;
:
any
be
due $11,000 from 1949 to 1955 in¬
Jan. 8,
on or
nor
,
for sale on Jan. 14—v, 163, p. 118
awarded to the Muskogee
'■
issue
Commonwealth
.
Muskogee, Okla.
(
Springfield, Ohio
dinance-calling
/
annual fund to
obligated Jcyp^y the bonds or the
interest thereon < except from the
revenues of the -water works sys-'• /
tem, and neither the faith/ credit
or taxing power of the Common7
wealth
or
any
political //sub///
division thereof is pledged to the
payment of the principal of or
500,000 storm and sanitary sewer
OREGON
or¬
an
litical subdivision thereof shall be
$1,800,000 water works bonds.'.
were
{Note Ordinance Passed—An
■
oper-
provide
for -reserves/for
debt
service/arid maintenance. Neither
,
Of the total, $154,215,557 was in
general revenue funds, $17,740,009
of
expenses
ating and maintaining the system
Price
$95,000,000 in United States bonds
$35,000,000 in cash and active
oil
and to establish
at the election to be held on Feb,
$190,169,- follows:
•The total included $70,000,000
in' inactive bank
balances, nearly
*. j
as
Revenue
necessary
•
following
to
$2,300,000
to, the voters
amounting
'
;
Water.
Election-i-The
bonds
the
the
'
Jan. 8.
on
of
revenues
due, the principal and
all of its outstanding
bonds, including
this issue, in addition to paying
pay,
interest
v
election held
net
-
plant and properties
owned and operated by the Au¬
thority.
The Authority, in thp
opinion-/of counsel, has power,
and is obligated to fix rates and
collect charges for
the services
furnished by the water system so
as to provide revenues
sufficient
Hooker, Okla.
p.m.
the
water works
amount bid.
Bond Offering—The
/
from
the
of
;
legally binding obligations of
Authority,
payable / solely
the
pay
•—were
deposits.
,
opinion of counsel constitute valid
AWard will be inade to the hi(l-
HigherAn International N e ws
time in the
sub¬
are
ject to redemption, at the option
Authority, at any time after
May 1, 1951,/as a whole or in ;
part in inverse numerical order,
Okla.
'
der
Service
Marion, Ohio
■
2,'
17
30 days' prior published no¬
tice, at the following prices plus
Edwards, Inc., of Okla¬ accrued interest: On May 2, 1951
homa City, as 1^4s.
to May I; 1956, at
104.00; on May
2, 1956 to May 1, 1958, at 103.00;
Hobart, Okla.
Bond
Offering— Buster Wat- on May 2, 1958, to May 1, 1961, at
kins, City
Clerk, ; will 7 receive 102.50; on May 2, 1961, to May 1, Y
sealed bids until 7:30
1966, at* 102.00; on May 2, 1966,
p.m. on Jan.
28 for the purchase of the follow¬ to May 1, 1971, at
101.00; and
thereafter
to
ing
maturity,/at par
honids/amouritin^t^
$13,600 fire department: bbnds* Principal and interest payable at
the Union Trust Co., Pittsburgh. '
Due $1,000 in 1949 to
1960, Said
bonds, issued by the Au¬
V
and $1,600 in 1961.
81,400 water works bonds. Due thority; a public corporation of
the Commonwealth, for the pur¬
$5,000 in ' 1949 to 1963, and
pose of refunding bonds previous¬
$6,400 in 1964.
ly issued for acquiring a private- /
(7,000 Airport bonds/ Due Nl,000
ly-owned water system, in the '
in 1949 to 1955.
rose
11-^v.
163, p. ll8—^
Stranahan, Har¬
& Co., Inc., and
Ryan, Suth¬
erland
&
Co.,t r both of X Toledo,
jointly, as 1V4S, at a price of 100.581, a basis of about 1.1982%.
Dated Jan.*. 1.
1946.. Denomina¬
were
No.
.
and % for
bonds
.
Bond
2%
arid
163,
;
Dist.(P.
,
Vk<?o
White
of Cleveland,
-
*
Toledo
authorized at the
1945.
payable to the Board
A.
White & C07 Cincinnati, reported
on Jan. 23 as follows:
totaled
.7
:
•'..,.;
:
&
,
approving opinion of Squire,
the bonds
Co.,
Clark it Co.,
Cleveland, and
Ryan, Sutherland it Co.,
Toledo,, jointly
Hayden, Miller & Co.,
ill be furnished.
:
A.
/
.
Pa hey.
These
Enclose a cerfied check for 1% of the amount
.
Toledo
J.
jneral election on Nov. 6,
anders & Dempsey,
•
Strong—J.
State Treasurer Don. H.
Ebright
announced that the balance—not
to be confused with the
surplus—-
V;'v ■.;
Company, '
Cincinnati, Jointly
Braun, Bosworth. it Co.,
Y amounting
to
$100,000.
Feb. 1, 1946.
Denominaon
$1,000. Due Dec. 1, as fol,ws:
$4,000 in 1947, $5,000 in
)48, $4,000 in 1949, $5,000 in
150, $4,000 in 1951, $5,000- in
)52, $4,000 in 1953, $5,000 in
)54,
$4,000 in 1955, $5,000 in
)56, $4,000 in 1957, $5,000 in
)58, $4,000 in 1959, $5,000 ; in
)60, $4,000 in; 1961, $5,000 in
)62, $4,000 ink 1963, $5,000 in
)64, $4,000 in 1965, and $5,000 in
)66 to 1968. /Bidders may bid
>r a different rate of interest in
-e
,
&
Detroit,; ■ and ■■ 7 V
Browning
ated
he
(State of)
Market
tory.
Rre-
mium
■'
Mericka
Cleveland,
building
1%.
J.
McDonald-Moore & Co.,
mds
of
1,
-
Int.
Rate"
7/
7-Cihcirinati,'
jaled bids until noon on Feb. 11
V4
April
7
4
^'dder
■
multiple of
Ohio
Bond
the first
Dated
Pox, Reusch it Co.,
rooklyn Local Sch. Dist, (P* O.
Cleveland), Ohio
Bond Offering—Opal E. Umphry,
District Clerk, will receive
purchase of 2%
or¬
dispatch from Columbus,
dated Jan. 15/ rioted the
following:
Ohio's, treasury balance passed
the; $200,000,000, mark today, for
1.223%.
for
'
.
1, .from 1947-to-1069.-'Other-bid¬
.
the
Str^hahan,
Denomination $1,000. These
bonds are due on April and Oct.
j>uncil, to be used for prepara>ry work on its airport.
>r
p.
1946.
mounting to $100,000 was aulorized recently
by the City
7 //
M'-\. 'V'7.' v'fs
ders were'as follows:
$1,000
^
Blue Ash, Ohio
Bond Issue Authorized—An is-
councilmanic
163,
Harris & Co./ Inc.j Of Toledo, as
1 ^4s, at par
plus, a premium of
$481, equal to 100.293', a basis of
r
of
18—v.
239—were awarded to
Nov!: 1, 1947 to 1966. Principal
iid interest payable at the Village
'reasurer's office.
/ • '
ne
of
Bond Ordinance Passed—An
due
■X-Bond Sale—Tlie $164,000 build¬
ordinance calling for the issuance
ing and equipment bonds; offered
of $20,000 water system
bonds, for sale on
000.
issue
the voters at the elec¬
on March
19.
••'}-
r
All of the bonds
11, 1945.
check
amount bid.
Gorham^Fayette Sch. Dist/(P.;'0. the sale Saturday of $1,042,000
■Marions due; 1947-71,on about a
Fayette), Ohio
Berlin Heights, Ohio
.
Bond
Saving. Bank,
Y,
'
Y
1945, was
the Village
by
in 1983.
:
the R. J.
be held
to
,-.-7,'
<
;.i Demand
due
are
pri¬
election "held on May;7* Y
mary
.
VI;'V-V'-lV-•.'
v.m7'
Norwood, Ohio
„
Council. Dated March 1, 1946. De¬
nomination $1,500.
These bonds
Bonds To Be Resubmitted—The
$500,000
tion
The
1956.
to
vember election held in
City Sch. Dist,j Ohio
Berea
1947
Bond
Ordinance
Passed—An
Ordinance calling for the issuance
of the' $30,000 2% Water
softening
plant bonds authorized at the No¬
Lisbon)i Ohio
Defeated—Ah
1, from
Dunkirk, Ohio
Beaver Local School District (P-O.
\ Bonds
mitted to
Y
highest bidder- was Braun,
Bosworth & Co., Inc., for Is, at
OHIO
construction
r
New Vienna Sch. Dist,, Ohio
r
next
a
:
-•'.v.'V.I
Lahr, Doll & Tsphording,
dinance was passed by the City
Cincinnati, as Is, at a price of
Council on Jan. 10 calling for an
101.06, a basis of about 0.831 %.
issue
of
water
plant
bonds
Dated Jan;-1, 1946. Denomination
amounting to $48,000.
?
$1,000. These bonds are due ; on
price of 117.95,
a
r
•
Jan.
on
Dec.
on
certified
a
for sale last
of
by the State Hall Insurance Fund
and the State Bonding Fund. The
next ; highest
bidder
was
the
Northwestern
defeated.
was
-V
Bond 7: Election—-Ah*
238—was awarded
p.
the election held
;; Bonds
gymnasium-auditorium b a n d s
amounting to $150,000 will be sub¬
and offered for sale
163,
improvement
-
to; Van
owned
were
■
Dayton, Ohio
22—v.
..v
The borids will be awarded to
the bidder
offering the lowest
rate of interest and
agreeing to
pay
par
and
accrued
interest.
These bonds Were authorized at
of
amounting
bonds
Due
Due
of trans¬
on
May 7;
November,. 1945, general portation equipment bonds
election
an
issue
of $1,936,000 amounting to $6,500 and offered
f; Bond Sale—-An issue of fire ap¬
paratus bonds amounting to $53,-
syndicate composed of the
a
and
Feb/1,1046, Denomination
May 1, as follows:
$33,000 in 1959, $34,000 in 1960,V
$35,000 in 1961, $36,000 in 1962
and 1963,-$37,000 in 1964, $38,000
in 1965/$39,000 in 1966, $40,000 in 1967, $41,000 in 1968, $42,000 in
1969, $43,000 in 1970, $44,000 in.'
1971, $46,000 in 1972, $47,000 in.
1973, $48,000 in 1974, $49,000 in
1975, $50,000 in 1976, $52,000 in
1977, $53,000 in 1978, $69,000 in
1979, $70,000 in 1980, $73,000 in.
1981, $75,000 in 1982 and $77,000
the
At
November,; 1945
...
-
amounting to $625,000 was awards
ed to
the
at
election.
3%
of
AA
-series
-Estate
proved
fire station bonds.
$4,500 in 1949 to 1958.
of the
issue
Dated
$1,000.-
!
5,000
the election to be held
,
of)
Ohio
to 7 $2,100,000
will be submitted to the voters at
r
North Dakota (State
Bonds Sold—An
issue
Dist.,
Election—An
construction
and $16,000 in 1968,
7-
Enclose
Sch.
in
held
the. election
at
and
bonds
building
$88,000
to
Jan.
&
y
resubmit
5 * to
March
on
amounting
,/7 7,- Bid
;
T Wp.Local
Bond Election—An election will
follows: ;.
YYY;/'''/:/ /
: Y■ 77 :■ v--".''. //i-'-- Price
-
■
lVSt'%? 55.85
7/(P. O. Stoutsville), Ohio
as
'
Mayer——7
&
Johnson & Co., all of Pittsburgh,
at a price of 105.17, a basis of <
about 1.80%.
:
^
r
amounting to $270,000:
$225,000 Park improvement bonds,
f
Due $11,000 in 1949 to 1967,
Due from
1, 1946*
Interest
highest bidder was
Braun, Bosworth & Co., Inc., Ohio
Co.,
of
Columbus, (Stranahan,
Harris & Co., Inc., Merrill, Turben
Pittsburgh, Schmidt, Poole & Co.,
of Philadelphia, Grover. & MacGregor, Thomas & Co., and R. H.
Bond
.
J-D. The next
2.43
90.00
,
Pox, Reusch it Co.-—IV2 °'o
bidders
Dated
,
Clearcreek
nomination $1,000.
1947 to 1966,
lVt% $39.00
Curtis
Seasongood
7
Cushing, Okla. 7
*"/ ;
Offering—Loren Crook*
Clerk, will receive sealed
.
■
,
/Bond
515
to
of
refunding
revenue
amounting
issue
$1,207,000
purchased recently by a syn¬
dicate
Harris
^
composed of
Stranahan,
&
Co., .Inc.,; of,.Toledo,
.
discount.; Dated
Jan.
1946.
$10,000
and
are due
on Nov. 7,
1946. Issued in antici¬
pation of 'the revenue for the
a
29,
Denominations
$25,000,
$5,000. These notes
Moore, .Leonard
& Lynch, of year ending March 31, 1946. The
Pittsburgh, E. H. Rollins & Sons, notes will be authenticated as to
of Philadelphia, Singer, Deane & genuineness by the First National
Scribner, Fauset, Steele &' Cor,* Bank, of Boston, under advice of
amounting to $539,000 will be
ings Bank, both of Chicago, and submitted to the voters at the
Jtialsey, Stuart & Co., at a price of election to be held on Feb. 12.
Phillips, Schmertz &
Co.,
all
of
^toxey,
Tnorndike,
Palmer
& '
THE COMMERCIAL &
516
46,000
Dodge, of Boston. Delivery on or
about Jan. 30, at the above bank
against payment in Boston funds.
Telephone bids will be accepted,
"
||g
CAROLINA
SOUTH
issue of *$112,electric light and
Sale—An
Bond
second lien
water
works
000
system
•
State Bank, Union
1, as follows:
bonds. Due Dec.
1947,
1949,
1951,
1953,
$6,000 in 1946, $5,000 in
$6,000 in 1948, $5,000 in
$6,000 in 1950, $5,000 in
$6,000 in 1952, $5,000 in
and $6,000 in 1954 and
"
|
value
Galveston, Tex."
—
V .-.A
;
,
are
;AA.:by.
bonds, payable to the City.
Scott, Horner & Mason, of Lynch¬
payable from, and secured
pledge of the net rev- burg, at a price of 103.03,' a basis
of
about 2,752%., - to maturity.
and,.a first mortgage on
a
|Av; enues
A; the water
v
Dated
sewer
Jan.
'
l,v1946. AAXA
i.v;'AAA' u;•"
Ay ;
'
Ay y
AX
AXh-
AV* A-t'-J ••■'.
•
Celina,' Tex.'
,
the election held on Jan.
;
"
Bond
I
-
15.
JSA
!■
Bonds Defeated—The following
bonds amounting to $25,000 were
defeated at the election held' on
j
Jan. 8A
$20,000 street improvement bonds.
5,000 water works improvement
; .y bonds.
(P. O. Paducah),
Cottle County
until
8
on; Feb.
p.m.
AA
.
.19; for
A to
^
»
■
A
1950, $10,000 in 1951
1952, $12,000 in 1953, $13,000
and
Other bidders
aA
' •
notice.
follows:
as
.
purchase of $575,000 various
purpose tax supported bonds, not
exceeding
5%
interest.
Dated
March 1, 1946. Denomination $1,000.
These bonds are due $5,000
1947
days'
as 2y4s, $10,000 ; Bidder, „."■■•' ■
-A Price Bidmaturing $2,000 April 15, 1952 Page Valley National Bank, A
1956, as 2V2s, and $30,000 ; Luray—X J.
A. .1- ^ 103.00 ,
v
maturing • $2,000
April I 15, First National Bank,
— A ;:
,'
1957 to 1971, as '3s; Said bpnds ?. Luray
101.91 ;
;
1 ' constitute direct and genetal Baumgartner •& Co.
101.91' X
obligations of the City, pay- C., F. Cassell & ;Co. IXA^XIOI.OO
A:; able from ad valorem taxes
:
washington
r
*
:j A:< levied
against
all; ' taxable
;
the
in
par
60
were
000 maturing $2,000 April 15,
"
1,- 1946. These bonds
Jan. 1, 1961, callable
beginning Jan,; 1, 1947, on
on
IAa 1947 to 1951,
Harlingen, Tex..^yj*^,-:J'[
Offering-TrCy B, Wood,
City Secretary, will receive sealed
bids
at
Jan.
due
are
•
•
5 years from
■:
(
and
works
>•;
1, 1946.
•
revenue
bonds was sold recently as fol¬
lows:
A'At,A$56,000 Arthur
of the
Denomina¬ } -Bonds Defeated—An issue of ;A ; ■
systems. A' A'.' AAA'Ay
tion $1,000. All of said bonds shall alley improvement bonds amount¬
;;50,000 street improvement and
be optional for redemption, at par
ing to $380,000 was defeated at i I
auditorium;vbondsADue. $10,Jan.
Dated
and accrued interest,
Union, S. C,
fied check for 1 % of the par
street*improvement bonds,
2s. Due from 1947 to 1971.
Interest J-J. -AyA''-.:; vA
as
V
Monday, January 28, 1946
FINANCIAL CHRONICLE
to
located
property
A
therein
limits
prescribed
the
within
;<•••' ■;
v
v..-,.-; ••
•VA."*
'
•
-VA-A'-.>•
va-
"AAA1
Newport, Wash.
Bonds Voted—An
issue of $35;^
000 sanitary sewer system bonds *
1957, $14,000 in 1958 to $.;a by law;-vv. A,.;-AA
Bonds Called—Noble O. Ingram,
1962,; $15,000 in 1963, $16,000 in A Dated Jan. 15, 1946. Principal was favorably voted at the elec¬
56,000
Union
County
Bank,
and interest payable at the Mer¬
1964, $47,000 in' 1965, $90,000 in
' ' Union bonds. Due Dec. 1, as County Treasurer, has announced
tion held in November, '1945,
*
that the following 5% court house 1966, $93,000 in 1967,'$95,000 in cantile National Bank, Dallas. Le¬
follows: $5,000 in 1946, $6,000
Pierce County School Dish No. 40t y
refundingv bonds
amounting to 1968, and $45,000 in 1969. Optional gality approved by W. P. Dumas,
V A in 1947, $5,000 in 1948, $6,000
1 X. (P'
Of Dallas.
Toco ma),' Wash. A'AA:
iA
in 1949, $5,000 in11950, $6,000 $121,000 are called for payment on at par and accrued interest as folBond Sale
The $50,000 school:
Mar. 1, at par and accrued inter¬ loswi: All bonds maturing 1968
in 1951, $5,000 in 1952, and
Pharr, Tex.
bonds orginially offered on Aug.
est at the Mercantiley National and 1969 to' become optional in
Tenders Wanted—L.M. Flowers,
A\; $6,000 in 1953 to 1955. 1
in 1954 to
Texas
1955.
-
.....
,
''
■
,
—
1, 1945. Denomina¬
Dec.
Dated
Dec.
1, 1951 to 1955, are subject to re¬
demption on Dec. 1, 1950, or any
subsequent interest payment date
$1,000. Bonds maturing
tion
thereafter. Principal
and interest
payable at the Chase. National
Bank, New York.; Legality ap¬
proved
by Huger
Sinkler.A of
Charleston.
»
,
r
,
inverse
Bank, Dallas:
A
Series of
"1941 bonds, Nos. 1 to
90, amounting to $90,000. Due Mar.
1, as follows: $3,000 in 1959, $5,000
in 1960, $6,000 in 1961 to 1963, $7,000 in 1964 to 1966, $8,000 in 1967
and
numerical
order
interest
accrued
at
20,
par.
of
P.M.
until 8
on
Feb.
11
1945, td the State *as" 2?As1:
for the
All bonds ma¬
issuance.
1945, thesale of which was
postponed, were sold on Dec. 17,
that he will receive sealed tenders
published notice five years from
date
Secretary, Ahas. ; announced
City
after • usual
Seattle Sch. Dist.
(P. O. Seattle),
purchase of series ;of 1938 refund¬
1966 and 1967 to become ing bonds. The city has * available
Bond
Election—An
issue
of
optional in inverse numerical or- for
purchase the sum of $25,000.
and .1968, and $9,000 in 1969 to der at par and accrued interest
bonds amounting to $10,000,000
Royse City, Tex.
1971.
after usual published notice 10
will be submitted to the voters at T
Bonds To Be. Issued—The $30,- the election to be held on March
Series of 1941-A bonds, Nos. 1 years from' date of issuance. All
to 31, amounting to $31,000.
Due remaining bonds to become op¬ 000v sewer revenue bonds will be 12, 1946.
issued as a result of the election
Mar. 1, as follows: $3,000 in 1952, tional at par 15 years from date
•■■■-■:'
■'.;■■■*
Yakima County School Districte d
held on
Dec. 15, in connection
$4,000 in 1953 to 1956, $5,000 in of issuance. The successful bid¬
(P. O. Yakima); Wash.
A
a
Federal
grant for the
1957 and 1958, and $2,000 in 1959, der will be furnished the printed with
Bonds
Voted
The
following
Dated Mar. 1, 1941. Denomina¬ bonds, copy of the proceedings, project.
bonds amounting to $230,000 were :
tion $1,000. Interest ceases on date the approving opinion of McCall,
Stonewall County Road Diet, No. 7
favorably voted at an electionr
called.
Parkhurst & Crowe, of Dallas,
(P. O. Aspermont), Tex.
held on Dec. 8:
- ;
A ;
+
X
and the bonds will be delivered
.
turing
♦.
•
•
_
dakota
south
-
/AAAa;
Bonds
Freeman, S. D, dtfXXXXVoted—An issue of $80,-
3%
000
plant
disposal
sewage
favorably voted at the
election held on Jan. 15. ? These
bonds are due in 20 years, op¬
tional in 1948.
'
' ''• I
••
bonds was
Lake City
1
Indep. Sch. Dist., S. D.
of $11,bonds, not exceeding
Bonds Voted—An issue
000 funding
interest, was favorably voted
election held on Jan. 8.
3%
at
an
C r.'V'-4 marillo,Tex.s: AAAv'A
The
following
bonds
amounting
to
$2,400,000
Were favorably voted at the elec¬
Voted
Bonds
—
tion held on Jan.
15:
•
Fort
National Bank,
Bond Offering—S. H. Bothwell,
Austin, without cost to the pur¬
City Manager, will receive sealed chaser, and all bids must be, so
bids until 11 a.m. on Feb. 5 for conditioned.
Complete informa¬
the purchase of the following im¬ tion and uniform bid blank will
provement coupon bonds amount¬ be, furnished by the Mayor.
ing to $2,000,000:
• '
La Salle County (P. O. Cotulla),
$250,000 series 68, airport bonds.
Texas
Due Feb. 1, as follows: $8,000
Bond Election Sought—A peti¬
in 1947 to 1949, $9,000 in 1950
tion was presented to the County
'A to 1957, $10,000 in; 1958 to
Commissioners Court on Jan. 14
1962, $11,000 in 1963 to 1966,
requesting it to call an election to
A,
and $12,000 in 1967 to 1971.
submit to the voters an issue of
These bonds were authorized
construction
county
hospital
at an election held on Mar.
bonds amounting to $75,000, not
4, 1941.
«•
exceeding 21A% interest.
These
547,000 series 69, street bonds.
bonds are due in 30 years.
;Due Feb. 1, as follows: $18,-
street improvement
:
000 in
;
bonds. Due in 1 to 15 years.
in
L
200,000 V public building bonds.
vAA: Due in 1 to 15 years. A- ♦ At;'
15 years.
..."
$500,000 and $200,together with $25,000
The isues of
000
each,
previously voted street improve¬
placed on the
ment bonds, will be
market at
■<
early date.
an
$1,500,000 sanitary sewer
revenue bonds will be-marketed
in a few weeks after the sale of
general obligation bonds. Le¬
gal proceedings of the issues are
the
McCall, Parkhurst & Crowe, of Dallas. A;y ; v
i '
handled by
be
-'r
V
s
?
"
*
vV/vy,
4:aW;
'•
•
Tex.
Angleton,
-
"
i
XX'
bonds
to $200,000 and offered for sale on Jan.
enue
amounting
162, p. 2998—were awarded
McRoberts, Graham & Co., and
the Robert Mclntyre Co., both of
15—v:
to
San
Antonio,
jointly,
price of par:.
a
-
3*/2S, at
as
*
^
;y
serially in
may
be fixed
These bonds mature
such
by
amounts
as
the City Council, the maxi¬
maturity not to exceed 40
mum
'
years.'
V
A':-
to
fered for sale
J
and
of¬
Jan.* 11—v. 163,
Corp., and Russ & Co., all
Antonio, jointly:
$135,000 water works and sewer
system revenue bonds, as 3s.
Due
from >1947' to
1971.
terest J-J.
In¬
.'■■.*
34,000
sanitary
sewer
system
bonds, as 2s. Due from 1947
to
1971.
Interest J-J.
45,000 sewerage disposal plant
bonds, as 2s. Due from 1947
to
1971.
Interest J-J.
1970,
These
authorized at an
were
sue
of water syystem construction
bonds amounting to $50,-
revenue
000 Was authorized
recently.
WEST
$150,000 was
purchased ; recently - by * Crum¬
mer & Co., and C. N. Burt & Co.,
of Dallas, jointly, as 2V2S and 3s.
These bonds are described as fol¬
lows:
.
$50,000 street improvement bonds.
70,000 sewer system improve¬
ment bonds.
■j30,000 water works
improvement
bonds.
10 years:
$275,000 water works bonds.
50,000 sewer bonds.
Nov; 1,
.Dated
Bonds
3%
Purchased—An; Issue of;
watery works
Legality
Dumas, of
.
1971.
on
These
r
Oct.
Dated
at
2,
Feb.
bonds were au¬
an
1945.
election
.A
held
tion
$1,000. Proposals must show
the gross and net interest cost to
the City. No bids foi; less than
and accrued interest will be
accepted; Principal and Interest
payable at the Central Hanover
Bank & Trust Co., New York, or
at
the
City Treasurer's office.
Lithographed bonds with proper
interest
coupons
and approving
Legality approved by W. P.
Tex.
r-
Purchased—The follow¬
Bonds
1
ing bonds amounting to $150,000
purchased recently by Crum¬
were
mer
&
par
opinions of Reed, Hoyt & Wash¬
burn, of New York, and of the
Attorney-General
will be fur¬
nished at the City's expense. De¬
livery of bonds will be at pur¬
chaser's expense. Enclose a certi¬
Muleshoe,
Co., of Dallas, at a price of
par:
••
$100,000 water works and sewer
|v
Due
15,
Corp.,
Co.
'A A •
Coffin & Burr, and
i
;
Stone & Webster and
/.-AA
4 Blodget, Inc., j6intIyA>„_100.89
Harriman Ripley &
;:'y
These
bonds
due
are
Dec.
1,
as
•
follows:.$20,000 in 1950 to 1957,:
$25,000 in 1958 to 1965, $30,000 in
1966 .ta 1973, and $32,000 in 1974
and 1975.
.
'
A
,
s
Follansbee, W. Va.
Bonds
Sold—sJack
Mathieson, :
City Clerk, has announced that an v
issue of
refunding bonds amount¬
ing to $45,000 has been sold to the
Citizens
Bank
of
Follansbee,
as
lV2s.
CANADA
A..
;.A. AALBERTAA A
.
•
Alberta^ (Provinces of)
'Definitive^ Securities
certificates
Temporary
Keady —
for
the
$26,093,000 A debentures t of -the
province, dated June lr1945, and
maturing^^ 1951 tb 4^60 vim
elusive,' are now exchangeable
for
-
definitive
securities
at
Bank
Manhattan
of The
Co., Corporate
Trust Department, 40 Wall Street,
New York City.,.' \
*
15, $3,000 in
$4,000 in 1954
to 1956, as 2l/zs, and $118,000
:.
"maturing 'April 15, $4,000 in
,' A 1957 to 1963, and $5,000 in
1964 to 1971, as'3s. Said bonds
Cap de la Madeleine, Que.
will
P.M.
receive/sealed bids until
5
Jan.- 28 for the purchase
on
of improvement bonds amounting
to
$117,000.
These
1947
'
•
•
llllll
V
are
due
'
1,
'•^A *'">•
'
,
*
Quebec
Huntingdon, Que. ,A'
Bonds
1,
-
' - AAA''..A'
,-vXt
r
1946.
Jan.
on
AAA;
1966. A
Ai' .A". A.vA;;AAA'
i
Dated;Jan.
bonds
to
Purchased—An
3%;; water
and:
sewer
issue
i
of
extension
bonds'amounting-to;$56,000 was
purchased
recently by
Savard,
Hodgson & Co., of Montreal, at a
price of 99.535, a basis of about
3.046%.
These ..bonds
Nov.
1946
2,
to
due
are
1970.
.
on
v„
& Sons --;«-101.567 •A,
>
Mount Royal, Que. Y
Hutton-& Co., and t. ; A A Bonds Purchased—An issue of
and 3*4%
Laidlaw & Co., jointly ^>4100.909 2%%, 3%
improve¬
ment bonds amounting to $375,-
W. E.
A A viReiNia ; ;;;;;
maturing April
and 1953,
1:-A'A
■
-l
AA..Luray, Va.
(-'l
•
water
sale
...
■'A-'
•
•'' v
000
was
purchased
works
AX
on' Dec.
19,
1945 by the
Bank of Montreal, of
at a .price of 99.817.
Sold—The $20,000 *3% Montreal,
bonds offered for These bonds
from 1947 to
recently were awarded to
1 Bonds
.
!,; ;a A
A
-
A
| Bond Offering—The City Clerk
E. H. Rollins
$14,000 maturing April
$2,000 in 1947, $3,000 in
1952
./•
' A
—100.33
114% Bonds A: AA*- ,
.;v" A:/; For
A-
r
Co., Inc., and
Tyler & Co., jointly
}
1948 to 1951, as 2V4s, $18,000
•;
M
100.98
_________—:
First of Michigan
first mortgage revenue bonds.
I
I
j
j jointly
Kenneth B. Hill &
"
.
;
Cincinnati, jointly. Dated
A 1945. Denomination $1,000. '
Dec.
-
Dumas, of Dallas.
•
,f"A
1, 1946. Denomina¬
-
bonds
revenue
amounting to $664,000 was pur¬
chased recently by the J. L. Barth
Co., and Weil, Roth & Irving Co.,
1945.
.
law.
VIRGINIA
•
bonds amounting to
13, are to be dated Dec. 15,
1945 and mature in: 30 years, op¬
-
Dis¬
.
>
both of
Winnshoro, Tex.
Bonds Purchased—An issue of
Dec.
tional in
School
trict bonds,
-
approved by W. P.
on Mar. 4, 1941.
Dallas; These bonds were au¬
series 73, airport bonds. ; Bonds Purchased—An issue of
series of 1946, school house bonds thorized at the election held oh
Due Feb. 1, as follows: $24,000
v
A in 1947, $25,000 in 1948 to amounting to $150,000 was pur¬ Sept. '29,r 1945.
chased recently by Crummer &
1951, $26,000 in 1952, $27,000
VERMONT
in 1953, $28,000 in 1954 to Co., of Dallas, at a price of par,
as follows: $14,000 maturing April
•A
Newport, Vt.
1956, $29,000 in 1957 to 1959,
's i>
$30,000 in , 1960,
$31,000 in 15, $2,000 in 1947 to 1959, $1,000 t Bond Sale—The bridge bonds
in 1950 to 1953, $2,000 in 1954 and
AA 1961, $32,000 in 1962 and 1963,
amounting to $200,000 and offered
1955, as 2y4S, and $136,000 matur¬ for sale on Jan. 21—v. 163, p. 368
; $33,000 in 1964 and 1965, $34,000 in 1966 and 1967, $35,000 ing April 15, $6,000. in 1956 and —were awarded to Halsey, Stuart
in 1968 and 1969, $36,000 in 1957, $7,000 in 1958 and 1959, $8,& Co., as 1V4S, - at a price of
000 in 1960, $9,000 in»1961 y and
/ 1 1970
andy $37,000 in 1971.
101.297, a basis of about 1.12%.
These bonds were authorized 1962, $10,000 in 1963 to 1967, $11,- Dated Feb. i, 1946. Denomination
000 in 1968 and 1969, and $12,000
at an election held on Oct.; 2,
$1,000. These bonds are due $10,A
>
1945.I
y
11
i in 1970.
000 Feb.41, -1947 to 1966,: Other
; Dated Jam 15, 1946,
Principal bidders were as follows:
453,000 series 74, street bonds.
Due Feb. 1, as follows: $14,000 and interest payable at ,the Mer¬
Bidder ■
*
Price Bid
National
Bank,
Dallas.
AAv in 1947, $15,000 in 1948 to cantile
1*;, / :?Fof lH'/ABonds' A
A
1950, $16,000 in 1951 to 1954, Said bonds constitute a direct and
First National Bank,.
'
*
A,
$17,000 in 1955 and 1956, $18,- general obligation of the; entire
1 Boston,
'}-'
000 in 1957 to 1959, $19,000 in District; payable : from : an, ad
Kidder, Peabody & Co.,
j
1960 to 1963, $20,000 in 1964 valorem" tax levied against all Lee
Higginson Corp., and
A •
to 1967, $21,000 in 1968 and taxable property located therein,
F, S;Moseley & Co.,
: 1.
1969, and $22,000 in 1970 and within the limits prescribed by
thorized
119—were awarded to the Co¬
lumbian Securities Corp., First of
of San
1971.
election held
'
,
$310,000
on
in
$27,000
bonds
y :'-Y .?VA;
p.,
Texas
and
X
\
Carthage, Tex.
4AA;"A
Bond Sale—The following bonds
amounting
Van Horn, Tex.
Bond Issue Authorised—^-An is¬
-
$105,000 water works bonds.
95,000 sewer bonds. A
•
1968, $26,000 in 1969 and
y
Toppenish
District
;
to $325,000 that
election held on
the
140,000
School
Hollidays Cove, W, V"a.
■
„
Sale—The following rev¬
Bond
:
1965, $25,000 in 1966 to
at
Selah
bonds.
tonio, at a price of 101.33.
bonds amounting
carried
$90,000
22, 1945, was purchased by the
Robert Mclntyre Co., of San An¬
r; Mercedes, Te*.;
Bonds
Voted —The following
;
County
Judge has announced that an is¬
sue of $6,000 road bonds author¬
ized at the election held on Sept.
750,000
The
to
000 in
■
.
1952, $20,000 in
to 1955, $21,000 in 1956 to
to
A1958, $22,000 in 1959 to 1962,
$23,000 in 1963 and 1964, $24,-
200,000 park improvement bonds.
in 1 to
1947 and 1948, $19,000
1949
1953
A
r
Due
Capital
'
$1,500,000 sanitary sewer revenue
bonds. Due in 1 to 25 years;':
300,000
the*
to
,
Purchased—The
Bonds
Worth, Tex.
—
are
due
1976.
on
A.
Feb. 18,
@FedFRASER