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.311944
JAN
MONDAY
ommetciezL an
Reg. U. S, Pat. Office
Volume 159
New
Number 4251
York, N. Y., Monday, January 31, 1944
Price 60 Cents a
Copy
Corporation and Investment News
PUBLIC UTILITY
RAILROAD
Abraham
Jan.
25
approved a
corporation's employees.—See V. 159, p. 345.
Admiral
ner's
D.
Ross
plan -for
retirement
the
>
-
Chicago—-To Acquire Stewart-War¬
and Electric Range Manufacturing
Corp.,
entered
been
into
INSURANCE
-
"none
the
of
allegations"
American Car & Foundry Co.—Officials Promoted—
E.
made
against the company last year
by M./J. Coldwell, Cooperative Commonwealth Federationdeader, was
substantiated by the facts.
Coldwell
Mr.
United
had said
States,
Australia
and
announced on Jan. 28 that an agree¬
under which this corporation plans to
of
electric
'
The announcement further goes on
the
of
Provisions
agreement
manufacturing
range
•/,
■
to
divisions
/'
say:
stipulate that Admiral Corp; plans to
acquire the tools, dies, Jigs and fixtures, trade names, patents, patent
rights and pending patent applications, as well as engineering devel¬
than
that-prices charged the ,United Kingdom, the
and: Canada indicated undue profits; and
the Canadian aluminum companies were part of a world mo¬
nopoly.
- f;
•>' ■.
,/'-v- ;
The report said that an agreement between the Government and the
company on taxation whs ''provident" for Canada.
It declared that
the Aluminum company dominated the Canadian production field, but
in progress in the refrigeration and electric
facturing divisions of the Stewart-Warner Corp.
opments
range
■
with
synonymous
V1
monopoly.—
V
users.—V.
Page,
464
(Bonds)
New York. Curb Exchange
Baltimore Stock
Stock
Boston
on
———.
469
ThC 'SEC
refunding
on
of
Jan.
20
issued
outstanding
its
findings and
$10,000,000
debentures by the
476
Cash
dividends
476
Divs.
rec.
liquidation value of $100 a share, the net assets at the
year-end amounted to $4,813,153.94, equivalent to $13.58 per share on
the 354,500 shares of common stock outstanding.
This compares with
a
net
asset
value
of
$5.93
per
share on the same basis < as of
Dec, 31, 1942.
•
,
the loans;
Upon prepayment of the notes, new notes in the
gate amounts and bearing interest at not more than 4%
and
or
with the
said
other things,
that
The assets
(a>
•
will be issued under
notes
an
,
are
to
476
477
Total
Int,
480
Fed.
479
General Corporation and Investment News- 441
requirements
as contained in the
present indenture,—V. 158,
^
Investment Trust,
Aldred
the
Boston—Earnings, Etc.—
annual
meeting, .held on Jan. 24, the stockholders approved
plan of the trustees whereby the latter will have a broader invest¬
ment policy instead of being restricted largely to utilities securities.
a
as
484
Statement of Federal
■
at
present,
This
on
compared
securities
with
sold
a
of
net
loss
for
$143,514.
1942 of
Gordon
B.
$95,883, exclusive of loss
Hanlon, President and
Trustee, said that the net asset value per $1,000 of debentures approx¬
imated $555 on Dec. 31, 1943, a new high mark for the past two or
three years.
The liquidating value, he said, compared with a recent
market of 44Va-45, a discount of 19%.
The net asset value of the
debentures
on
Dec.
31,
1942,
Water &
was
$444.33.
The Shawinigan
Power Co., of which Aldred Investment
held. 15,110 common shares at the end of 1943, has made ex¬
cellent progress in the past two years, Mr. Hanlon said.
However, he
Quebec has proposed a
bill whereby the Province would take over the Montreal
Light, Heat &
Power Co., which purchases power from Shawinigan.
If such a bill
were passed,
Mr. Hanlon expressed the opinion that it would possibly
be the first step throughout the Province of Quebec for
public owner¬
ship.
"
The
ShaWinigan Chemical. Co., according to Dr. W. E. Higbee,'
another trustee,
is a very important additional source of hidden
earnings for. the Shawinigan Water & Power Co., the parent
company.
He pointed out that the chemical company has not
paid a dividend
on
its stock
although it has had goOd earnings.
and Bond
Averages-. 463
respect
to International Power - Securities
Corp., in which
Aldred Investment Trust has a large commitment, Mr.
Hanlon said
that there had been no" reports from Italy a& to- how the
is
company
doing,—V.
158, p. 542.
,
,
>
•
$670,492
675,000
,
——
sales of securities.
loan—instalment
bank
payable
June
1,
1944,
Federal income taxes, $79,913; other taxes, $3,171;'accrued
$5,000; secured bank loan, $1,700,000; preferred stock (48,940
ho par shares), $4,894,000;
common stock (354,500 no par shares),
$354,500; option warrants, $615; reserve for possible losses on sales
of securities, $1,509,796; capital surplus, $2,061,595; surplus, $102,691;
total, $10,811,281.—V.' 158, p. 2357.
&
Foreign Power Co., Inc.—Permitted to
directors
have
accumulations
declared a
dividend of
$1
per
share on
Jan.
on
gold
Corp.—Earnings—
taxes—r-
Net profit
Earnings per
♦After
1
/•
$377,804
$5,524,116
14,872,000
$2,009,804
§$7,733
share—
reserve
*1,632,000
$42,000 in 1942.;
Nil.
$0.54
$4,987,328
>
$652,110
$581,328
$0.94
$0.84
t4,406,000
for
post-war readjustment, of $135,000 in 1943 and
f After deducting post-war credit of $509,000 in 1943
and after a transfer of $318,000 in 1943 and $64,600 in 1942 to reserve
for post-war-readjustment.
iThe results for, the first nine months of
1943 are subject to audit and adjustment and also to the effect of
renegotiation of war
contracts.
Renegotiation of 1943. operations has
not yet been started, but if a refund is requested on 1943 operations
on the same
general basis as the refund which has been proposed on
1942 operations, the refund requested for. 1943 Will be substantial.,'
■
Note—The
quarter
''
reflects
quarter.—V.
-
report states that the net loss figure for the September
made in the third
the
effect of price reductions aggregating $728,248
quarter but applicable to sales made during the first
158, p, 634.
.
f
.
..
5%
series,
$833,500;
Louisiana Power & Light Co.
first
and
refunding mortgage gold bonds, 4Va%
series, $161,000;
Mississippi Power & Light Co. first mortgage gold bonds, 5% series.
$399,500; New Orleans Public Service, Inc., first and refunding mort¬
gage gold bonds,
series A, 5%, $397,000, and first and refunding
mortgage gold bends, series B, 5%, $503,000; Pacific Power & Light
Co. first mortgage and prior lien gold bonds, 5% series. $285,000, and
Texas
Electric
Service Co,
first mortgage gold. bonds, 5%
series,
$254,000, and
(c) The acquisition by Bond & Share of a portion of its outstanding
$5 and $6 preferred stocks by purchases in the open market with the
$5,000,000 proposed to be paid to it by Foreign Power, together with
the proceeds of sale of the aforesaid bonds and the proceeds of the
redemption of bonds of indirect subsidiary companies, to wit: Florida
Power & Light Co. first -mortgage gold bonds, 5%
series, $417,000;
Utah
Power &
Light Co,
30-year 5%
gold bonds, $300,000, and
Mississippi Power & Light Co*. 30-year .5% gold bonds, $300,000, and
.
$1943—9 Mos,—1942
1943—3 Mos.—1942
$1,329,267
*1,337,000
bonds,
,
"first
7, 1944.—V. 158, p. 1237.
*
Revamp
to
mortgage gold bonds, 5% series, $377,000; Minnesota Power & Light
Co. first and refunding mortgage gold bonds, 5%
series, $90,000, and
American Bakeries Co.—To Retire Class A Stock—
American Bosch
Company
,
The company has called for redemption as of March 27t 1944, all 6fits outstanding class A stock
gt $65.72 per share, /These shares may
be converted, share for share, into class B stock on or/before March
Period End. Sept. 30—
Authorizes
received permission
paid;•
■ :
.
(b) The sale by Bend & Share, from time to time, exempt from the
competitive bidding requirements of Rule U-50, of $3,300,000 aggregate
principal amount of bonds of certain indirect public utility subsidiaries
as follows:
Arkansas Power & Light Co. first and refunding mortg^g*
During 1943, the' company made the following
distributions on the preferred stock: March 10, May 28, June 28 and
Aug. 12, 50 cents each; Oct. 7, $1; and Dec. 7, $2, In 1942, only one
payment of 50 cents per share was made on April 1.
Arrearages on Jan. 1, 1944, after giving effect to the dividend paid
on that date, amounted to
$10 per share.—V,t 158, p.; 2245,,
1, last.
Net profit after charges
Fed. income
company
principal amount to Bond & Share in cancellation and redemption of
the 7% overdue $35,000,000 note of Foreign Power dated Feb. 14,. 1935,
held by Bond & Share on which note 6%, interest is currently being
account
the 6% cumul. conv, preferred stockt par $50,
payable March 1 to holders of record Feb. 18.," A similar payment was
on
Notes—SEC
Jan. 22 from the SEC to refund
$35,000,000 of indebtedness to its parent, the Electric' Bond & Share
Co.
The following proposed transactions were approved:
(a) The payment by Foreign Power of $5,000,000 in.cash to. and
issuance of 3% serial notes of Foreign Power aggregating $30,000,000
The
Amalgamated Leather Cos., Inc.—$1 Preferred Div.—
§Loss,
With
$798,862
600,000
141,800
177,250
preferred stocks, $4,074,073; common stocks, $4,832,188;
banks/ $461,776; accrued interest, $26,651; total, $10,811.281.,
American
Trust
pointed out that Premier Adelard Godbout of
$487,230
300,000
177,250
298,410
„
Debt to Bond & Share—
■
The annual report for the year ended Dec. 31, 1943, showed a net
operating loss of $99,924 after all charges including debenture interest
paid and accrued but exclusive of loss on securities sold of $15,140.
$500,961
:
,—
common
Refund
The
of
made
At
82,000
Stock
of the principal amount for two years after issuance and at 100% of
the principal amount thereafter.
The indenture will not contain any provisions for the conversion
of the notes into common stock or for maintaining a ratio of
earnings
•
29,601
4,361
78,306
8,050
expense,
(ci Holders of the notes may require repayment at any
anniversary
of the issuance of said notes on 90 days' prior written
notice, at 99 %
855.
32,374
6,643
.
$100,000;
after issuance;
p.
25,021
Transactions N. Y» Stock Exchange.—463
Transactions N. Y, Curb Exchange.—— 463
.principal amount and accrued Interest except that such prepayment will
not be permitted for the purpose of refunding for a
period of two years
to interest
100,682
29,864,"
7,454
pref. stock-stock-
on
on
System————.— 484
Federal Reserve
$805,136
46,034
25,722
-i—
Liabilities—Secured
./, Reserve Banks
484
Condition Statement of Member Banks of
Government bonds at face amount or the then mraket value, whichever
is lower;
• .
\
'
.v
(bi The applicant may pay off the notes in whole or in part at the
$909,635
39,367
paid and accrued
cash in
The Course of. Bank Clearings—480
Foreign Exchange Rates———
$641,649
37,339'
V.'?
Balance Sheet, Dec. 31, 1943
Assets-—U, S. Treasury bonds and notes, $200,000; corporation bonds,
Dividends Declared and Payable—481
Combined Condition
ll—
2,145
157,691
$1,216,592;
Redemption Calls & Sinking Fund Notices.. 481
be pledged as
$653,923
♦Without regard to profits or losses oh
State and City Bond Offerings and Sales— 488
collateral security for the notes, will at all times be maintained at a
value of at least 150% of the aggregate amount of said notes, after
first offsetting against the notes the amount of cash on hand and
income_T
loan—
♦Net income
Div.
Miscellaneous Features
same
1940
$745,034
18,480
146,121
$645,300
15,195
137,479
income; taxes——
Divs.
'
1941
11.355
131,066
gross
Expenses
Over-the-Counter Markets
per''annum
Years
1942
$488,975
securities-
in
bank
on
Taxes
———
Calendar
Int., on funded debt----1
477
——
for
$511,503
.
Interest)
Toronto Stock Exchange—Curb Section.,.,
indenture providing,* among
all of which
V
477
———
Account
1943
476
St. Louis Stock Exchange.*
V
.
of the applicant,
—
Montreal Curb Exchange
Toronto Stock Exchange.*
same aggrev
maturities-may be issued to and field by. the
different banks.
The
,
same
Income
.
Montreal Stock Exchange..
outstanding aggregate $10,000,000, .bear interest at'
the rate .of 4% per annum, and are publicly held. Of the debentures,
$6,259,000 mature Jan. 1, 1849, and $3,741,000 Jan. 1, 1950,
The company proposes to refund the debentures by notes to be issued
..to, and held by, a bank- or banks in the same aggregate principal
amounts, having the same maturities and bearing interest at the rate
of 2Va% per annum.. A fee of .% of the aggregate principal amount of
the notes, i. e. $50,000, is to be paid to Eastman, Dillon & Co. (no part
of which fee is to be payable to Lord, Abbett&Co., Inc.) for negotiating
its
475
—.
sold during the year amounted to $586,495,
charged directly to the reserve for possible losses
.
at
475
Philadelphia Stock Exchange..-
debentures
The
securities
was
securities,
Valuing securities'owned on the basis of market quotations as ol
31. 1943, and deducting all known liabilities and, the preferred
475
Pittsburgh Stock Exchange
of
issuance
of
stock
474
Los Angeles Stock Exchange.^
bank loans.
2 Vz %
from
amount
Dec.
Cleveland Stock Exchange—
Detroit Stock Exchange———
order permitting the
loss
sales
474
Exchange———
Cincinnati Stock Exchange---.
Granted Permission to Retire
"•
.
474
Exchange/*-——..
Chicago Stock Exchange
•;•
M.
/ which
•
—
>
dividends
Net
453
New York Stock Exchange
Acquisition of this property would increase Admiral Corp.'s annual
to approximately $19,000,000, based on the last fuli 12 months
peacetime production, Mr. Siragusa said.
; ;
; v
He further added that Admiral Corp. expects to increase it advertis¬
ing appropriation to approximately $1,000,000 a year in the promo¬
tion of Admiral products. :
•
The Admiral Corp. in peacetime was one of the largest manufacturers of radio-phonograph combinations with
automatic record changers, \
and it also produced table, console, , and camera type models, poi;K
ables
and farm
sets, while Stewart-Warner has been a prominent
manufacturer in the domestic refrigeration field,
"
.
158, p. 855.
/'- $500,961,
Adding to/this amount $77,390, the balance on,Dec, 31, 1942,
of surplus since June 30, 1938, income available for dividends aggre¬
gated $578,351.
Dividends paid during 1943 totaled $475,660. leaving
g year-end balance of $102,691.45 in surplus since June 30, 1938.
Quotations
New York Stock Exchange (Stocks)-—.
of
R.
•
in
Stock and Bond
.
Sales
-Affiliated Fund, Inc.
Thomas
Young, President, states:
The income during the year 1943,
received and interest received or accrued, amounted to
$653,923, an increase from 1942 of $12,274.
Interest, general expenses,
and taxes paid or accrued totaled $152,962, leaving a balance of
f
This
In
time production.
Debentures—
appointments:
new
American European Securities Co.—Annual Report—
Corp.
.
-
following
American Chain & Cable Co., Inc.—Acquisition—
models,
refrigerator
the
The
corporation has acquired the Maryland Bolt & Nut Co, of
Baltimbre, Md., manufacturers of bolts, nuts, lag screws and forgings.
The latter's .products are
regularly distributed through mill supply
and heavy hardware houses and are sold to railroads and/industrial
and
facilities
Stewart-Warner
-
not
was -
years.
Stevenson, Senior Vice-President in
A.
manu¬
assets, enumerated were those utilized by the
prior to the war in the manufacture of seven
including those merchandised under the name
•'Dual-Temp," a line of electric ranges merchandised under the name
"Scotch-Maid," and a freezer locker known as "Eskimo Pantry" and
"Sub-Temp."
■' .'l'v
■
'■
All plants of Admiral Corp. now are devoted exclusively to the
production of communications equipment for the armed forces.
In
that connection, Mr. Siragusa pointed; out the company's production
in 1943 for war .purposes was approximately 100% over its peak peace¬
The
domination
that
157, p. 2442.
announces.,
charge of operations, an¬
P. Wilson, Jr., as
Assistant to Senior Vice-President, and E, J. Pinkbeiner as Assistant
Vice-President,—-V. 158, p. 2573.
a taxation: agreement between the Canadian Government
the company represented a "gift" to the company.
He also said
asserted
38
P.
nounces
that
V.
Campbell, Vice-President in charge of engineering,
D,
the appointment of J. L. Wood as Assistant Vice-President. Mr. Wood
has served in the engineering department of the company for more
.
refrigerator and
the Stewart-Warner Corp.
the
acquire
MISCELLANEOUS
-
Canada, Ltd.—Accusations Denied—
The House of Commons War Expenditures Committee Ott Jan. 26 said
that
asserted that
"-v."-
;
Siragusa, President,
had
ment
on
Refrigerator
Division—-
Aluminum Co. of
Straus, Inc.—Retirement plan Approved
&
stockholders
The
INDUSTRIAL
-
,
"
.
.
$31,500.
,
Dividends
on
Preferred Stocks—
The directors on Jam 26 declared a
dividend of $1.50 per share on
the $6 preferred stock and a dividend of $1.75 per share on the $7
preferred stock, both payable March 10" to holders of record Feb. 18.
These dividends are on. account of arrearages for the quarter ended
Sept. 30, 1933.
Distributions last year on the $6 preferred stock were as follows?
March 15, 75 cents; June 15, 90 cents; Sept. 15, $1.20; and Dec. 10,
$1.50. On the $7 preferred stock, the following payments were made
in 1943: March 15, 8.7% cents; June 15, $1.05; Sept. 15, $1.40; and
Dec.
10, $1.75.-rV. 159, p. 345.
THE COMMERCIAL &
442
of securities,
value
(>.—Earnings-
& Socket
Ahierican Forging
1942
$998,277
$860,210
787,780
736,274
514,960
$210,496
$123,936
$27,016
12,202
8,901
9,846
$222,698
1,310
$132,837
$36,862
3 Mos. End. Nov. 30—
(less
sales
Gross
&
allow.
returns,
discounts),
of
♦Cost
profit
Operating
Other
sold-
goods
income
—————.——r-
income
Total
"
Other deductions __—i.-;.—:
income
Federal
$541,977
„
859
Surplus
for
1942—,
—
„s
±
•• '
v
account of the charge to capital surplus irt 1934 when a reserve of $65,000,000 was
created to cover the decrease in the market value of
V
: "■
Transfer to earned surplus
Net
..
of capital value over qost of 12,725 shares of
preferred stock acquired and retired——
—
administrative and general expenses,
including depreciation.
Balance,
1943
Sheet,,Dec. 1,
Balance
.
hand and in banks, $547,640;
$30,000; trade accounts (less allowance for
Assets—Cash
bonds
U. S. Government
on
doubtiul of $2,000),
:$56,633; inventories, $198,360:
$13,650; land (used
$1,511,664.
159,
106..
p.
'
■
;
;•
1942
113,130
—
profit
share
158,
share.—V,
common
p.
2246,
Calendar
& state
Taxes'
Zf
profit
Grover
reached
Gordon Grand,
Arlington Mills—Earnings—
Sales;
.
25,896,081
15,125,308
$1,194,305
392,621
423,734
342,190
214,054
;./'/;"
tax';'^,_^^^n_^';,: 3,775,000 .* 4,392,000
1,526,000
in part;
.
■
k
\
_
for
Res.
//
Con¬
413,260
Fed.
for
424,939
State
&
Net
-
$439,629
$938,899
$919,584
$1,369,711
535,233
583,890
486,575
97,315
$9.65
profit
Shares
500,000 ...>•
750,000
conting...
97,315
97,315
Dividends
stock
■ :,v ■;) .
148,000
.
*
com¬
of American Gas & Electric Co.
/
'
*
'%'y
The first preferred stock of The American Superpower Corp, is ad¬
mitted to unlisted trading privileges on the New York Curb Exchange.
capital
*
Elarnings
per
stock—
share
$9.45
/
48,658
97,315
%
$14.07
,
$4.52
■•■'
Balance Sheet, Nov. 30, 1913
."/■-!■
of such, stock recorded on such Exchange prior to the
date of this letter was at 10714 (on Jan, ll, 1944) and the market in
v
Assets—Cash on hand and in banks, $1,887,010; U. S. savings bonds
such stock as quoted at the close of business on Jan. 20, 1944 on such
i/v (payroll allotment plan); $72,563; debts receivable, $1,608,121; manu.Exchange was 106- bid; and, 108 asked.
.•); rvVvV,,)V;)-;;;!
/ factures, merchandise, material and stock in process (at cost or mar¬
The common stock of Consolidated Edison Co. of New York, Inc. is
ket), $8,317,027; real estate (land and buildings, machinery and equiplisted on the New York Stock Exchange and the common stock of
V ment) (less plant reserves of $8,551,115), $6,748,418; post-war credit
American Gas & Electric Company is admitted- to .unlisted trading
against excess profits taxes, 1942, $49,000; prepaid accounts, $226,441;
privileges on the New York Curb Exchange.
The" last' sales of such
total, $18,908,580.
/v.; ■
,/%/.■••
..
/.'■/'/■/'
stocks recorded on such Exchanges prior to the date of this letter
were Consolidated
Edison Co. of New York, Inc., common stock, 21%,
Liabilities—Accounts payable, $536,900;) notes payable, $2,150,000;
;The last sale
*
$5,552,098
tax.-.,-
sec.
soc.
for
Gen.- res.
!
corporation owns 70,000 shares of the common, stock of
Co. of New York, Inc. and 30,000 shares of the
This
solidated Edison
29,166,036/, 32,343,427
profit—^.
oper.
Depreciation
21, said
'
'
.
$6,953,400
$4,201,959
468,083 )'
464,059
Net
Res.
President, in a letter dated Jan.
';/V
.•
$34,718,134 $39,296,827 $30,098,041 $16,319,613
sales
of
Cost
-
:
30, '43 Nov. 30, '42 Nov. 29, '41 Nov. 30, '40
Nov.
Years Ended—
f
well under way for
Dividend—
/■■/.■•/
The first
City, N.; J.
thi$ purpose), One Exchange) Place, Jersey'
preferred stock so acquired will be retired.
the
Mill Co.—20-Cent
p.
preferred
for
■■
expansion of plants to produce more of the material used in
various products manufactured by the company and to prepare for
the increased demand for paint and other industrial finishes after
the war.—V. 158. p. 1525.
\
American Rolling
holders of record Jan. 26. Distributions during 1943 were
May 5,-30 cents; and June-3. and Nov. 5,. 40 cents each,
1726; V. 157, p. 2007.
v. *
; -.
to
158,
Inc. common
at 3 p.m. (EWT) today (Jan. 31).
Tenders of first preferred
stock may be made at The First National Bank of Jersey City , (agent
(& Sub.)—Earnings—
He stated that plans are
31
follows:
as
—V.
expire
—$217,541
$169,362
President, reported that the net sales in 1943
all-time high.
"
/,
stockholders on Jan. 21 were offered in exchange
(a ) five shares of Consolidated .Edison Co. of New
stock plus $2 in cash for each share of American
Superpower Corp. first preferred stock, or (b> four shares of;American
Gas & Electric Co. common stock plus $3.25 in cash for'each share
of American Superpower Corp. first preferred stock;,), Both options will
.
Corp.—30-Cent Accrued Div.—
,
A dividend of . 30 cents per share has been declared on account of
accumulations on the 6%
cumulv preferred stock, par $10, payable
of First Pre¬
to be Reduced—
.
Arkansas Natural Gas
,
$12,300,384
their holdings
York,
—.t.,
Hermann,
M.
an
to Holders
Exchange
.
Stock—Stated Capital
First
for
mon
Net
44,248,139
Dr43,2T3,802
'
„
before Federal
Profits
" /;■;•••'
since.—V.
none
Jan.
of
Offer
Makes
Distribution—
cents per share has been declared on the common
15
par
initial
.
_V——
ferred
'%•";/ 1943
$8,036,890 $7,205,119
taxes--——,—
746,008
. 717,880
Li;;-• 519,070; >432,919
years—
sales
Net
.
.
.
——„
—
Total
1941
$803,888
281.361
—
——u._—
Capital surplus
•—
American-Marietta Co.
$564,275
$1.16
$2, payable March 2 . to holders of record Feb. 21.
An
distribution of like amount was made on Jan. 30, last year;
157, p. 1230.
" V
/• stock,
235,207
5,272,379
par)
of
dividend
A
and surtax———,••••
preferred stock, $6 cumulative
stock,; $6 cumulative (235,20.7, shs., no
Common stock (8,293,005 shs., no pari
.
,
■
■
.:
Anchor Post Fence Co.—15-Cent
expenses,
Preference
$113,130
$279,855
$522,527
$0.01
$0.28
$0.68
♦After repairs,
depreciation and reserves for expenses other than
income taxes.
tOn 584,950 shares of common stock.
.•
For
the
December quarter of 1943 indicated profit , was $68,366,
equal after preferred. dividends to three cents per common - share
which compared with net of 1942 of $171,034, equal to 19 cents per
Net
tEarnings per common
■
4-:———/
share_„__—
common
and renegotiation of „$5,147,8.05
and $150,000 reserve for post-war 'reconversion, • tOn 465,908 common
shares.—V, 158, p. 2462.
•. *
'
■/:. ' ' /,
etc.__—/%; $13,460
. :
5,000
(57,400 shs.,- no par) ' v 5,740,000
(other than income),
First
Deficit
$559,710
279,855
r-—$226,261
Oct. 10, 1913
10 Months Ended
Earnings,
per
all charges, provision for tax,
♦After
JZZ
securities
Federal normal income tax
for
Reserve
Subs.)—Earnings—■
1943
31—
6 Months Ended Dec.
♦Operating profit
Reserved for income taxes
1943 $12,014,641
market values." as.'of Dec. 31,
at
tEarnings
Liabilities—
Reserve for taxes
'
'
'
.
Leather Co. (&
7- 'V'
r'
.
$28,256;
American Hide &
'
♦Net
Total:$12,300,384
■
accounts payable, $14,855; payrolls and withheld
provision for estimated renegotiation
adjustment,
$100,000; Federal income tax (estimated), $98,366; accrued liabilities;
$38 494; reserve for post-war conversion of plant, $60,000; reserve for
current Federal income tax, $99,625; common stock ($1 par), $231,400,
capital surplus, $410,000; earned surplus, $430,669; total, $1,511,664.-—
V.
/•/'■■;•;"■
.'v.*':';'-..i
-i*^^t-^l'.»-!^581,614
Account; receivable,
Liabilities—Trade
taxes
'
;7
Cash
buildings, machinery,
of $251,681), $486,786;
operations), $10,712;
land improvements,
equipment, etc. (less reserve for depreciation
patents, $1; deferred charges, $7,222; total,
in
stated
Investments,
$153 338; U. S. Government facilities,
other assets, $7,321; land (not used in operations),
'
■
■'■ :S.
.
'*
v,......
Assets— ■
Sheet,. Dec.,31, 1943
Balance
.
j""
,
Inc.—Earnings—
Ampco Metal,
1943^J_—_ $44,248,139
31,
Dec.
'•
for week
of 5.22%
week of
34,543
.
*
♦Selling,
Electric Co., Inc.—Output—
American Water Works &
Power "output of the electric properties of this company
.ending Jan. 22, 1944,, totaled 84,365,000. kwh., an increase
over
the output of 80,180,900 kwh.
for the corresponding
1943.—V. 159, p. 346.
'
'
'/ '
/
;
••
excess
first
dividend of like amount.
$6,861,044
J!—, ,£7,352,552
warrants.,—4--—I
On
earnings.
,
stocks and option
common
.
,
li)J3
Dec. 81,
Ended
Year
record,Feb. 10.
1943
extra
no
Add—
$25,615
i"
31,'
Dec.
Balance,
10,978
$79,187
$121,764
Capital
of
Statement
269
52,791
/
99,625
(estimated ) —
taxes
—j—:,—L—-Lyl-
income
Net
cumulative and, therefore,
are
The. extra payment, will be made available out of
March 1, last year, the company also paid an
'
:
.
' ■
George W. Hill, President, on Jan, 26, stated in part as follows:
."Our. percentage of increased cigarette sales for 1943 was 2% times
that attained by the balance of the industry as a whole.
This was
shown by Government revenue stamp figures."^—V. 158, p. 2358.
of
in excess of net current earnings from dividends
period.
Dividends on the first preferred stock
were
the
dividends cam be paid on any other
class of stock of
the corporation unless all dividends in, arrears on
the first preferred.stock shall have been, pa,id or provided for in full.
1941
1943
for
interest
and
Monday,'January 31, 1944
FINANCIAL CHRONICLE
.
v
have declared a dividend of 20 cents, per share on the
common
stock, payable March 15 to holders of record Feb. 15.
In
each quarter of last year, a like amount was disbursed and in addi¬
tion, the company on Dec. 15, 1943, paid a year-end dividend of 20
cents, which brought payments for that year up to $1 per share.
—V. 158, p. 2038.
/•
V
The directors
.
Co., common stoek, 267/«.
Thus, on
current market value of five shares of ; the
stock of Consolidated Edison Co. of New York, Inc.; plus the
and
basis
Gas-&r Electric
American
this
■
common
the
'^ payroll, $152,024; Federal income and excess profits taxes (less credit
indicated
cash, offered under option "A," would
shares, of the common stock of American
$2
$110.75 and of four
Gas & Electric Co., plus
be
of
.
notes, series C,
retirement of $315,000 and U. S. Treasury tax
for debt
ether
$505,000;
$2,720,000),-
and
Federal
$328,587;
taxes,
State
social security taxes withheld, $15,812; withheld account U. S. savings
bonds (for account of employees), 369,260; general reserve for con¬
v
would be $110:75. The
tingencies, $1,250,000;-stated value of 97,315 shares of stock at $50
of business on Jan. 20,
per
share, $4,865,750; earned
surplus, $4,061,447; capital surplus,
21%/bid and 21% asked for the common J. $4,973,800; total, $18,908,580—V. 159, p. 346. . .
.
,
;
istock of Consolidated Edison Co. of New York, Inc. and 26V2 bid and
"26% asked for the common stock of American .Gas & Electric Co.
Associated Gas & Electric Co.—Weekly Output—
'
/
The first preferred stock in case of the liquidation of the American
The trustees of Associated Gas & Electric Corp.* report for the week
•Superpower Corp. would be entitled, as of Dec. 31, 1943, to ah aggre¬
r
ended Jan. 21, 1944, net electric output of the Associated Gas & Elec¬
gate of $124, of which $24 would represent dividend arrears.*.,. The
tric Group was 147,019,343 kwh. This is an increase.of 13,499,506 kwh.
asset value behind this (computed at market as of the close of business
or
10%
above production of 133,519,837 kwh. a year ago.—V. 159,
ton Dec. 31, 1943) was $214 per share.
> ***
:
%
i-' . '
American Stores Co.—December Sales Up 4.2%—
*
The earnings of The American Superpower Corp. for the year ended
p. 346.
Period End. Dec, 31—
1943—Month—1942
1943—12 Mos.—1942
Dec,
31," 1943
(including Income from dividends., and interest and
$
'
$
' $' ' '*
'* - $
excluding gains or losses on sales of securities),-are equal to $5.44
Associated Gas & Electric Corp.—Gets Extension—
Sales
20,051,625
19,246,568 203,408,367 206,562,966
for each;share of $6 first preferred stock/outstanding on that date
—V. 158, p, 2574.
:
: ' ;;;'/• \ *■"■ 'V-'V;' ;-';//:;/;/ f (12,725 shares of first preferred stock were retired during the year '«
The SEC recently extended for one year beginning Aug, 13, 1943, the
period in which trustees of the corporation may comply with an order
1943).
Earnings were $1.84 for the 12 months* ended Sept;. 30, 1943,
for geographic integration under the Holding Company Act by disposing
in the case of the common stock of Consolidated Edison Co. of New
American
Stove
Co.—To Resume Output
of Gas
of
113 utilities,
several trust companies and New England Gas &
York, Inc., and $2.30 for the 12 months ended Nov. 30, 1943, in the
Ganges—■
■'
/v-v /■'
Electric Association and its subsidiaries.
///'''''
Z" ;
case of the common stock of American Gas & Electric Co,
C ;
The company announces that on or about Feb. 1 production of gas
It? is expected that, among other matters, there will be submitted to %
The trustees' application said 58 companies have been sold, partial
the
annual meeting
of stockholders of The American Superpower
ranges will be resumed at its Harvey, III., plant.—V. 158, p. 2246,
sales of two others have been effected and three have been elimlnatd by
Corp. to be held on March 14, 1944, proposals for reducing the capital
merger and consolidation in the period since Aug. 13, 1942, the date
American Superpower Corp.—Report to Stockholders
represented by the 8,293,005.3 shares" of" common stock from an amount
of
the
order.
Negotiations are under wray for the sale of the
equal to approximately 63V2 cents a share to 10 cents a share.; If ; remaining companies.—V. 158, p, 106.
•).;;•,;/v.'
During the year, 7,083 shares of The United Corp. $3 cumulative
adopted,' this would result in increasing the capital surplus; of-; the'
preference stock were disposed of by exchange for 2,361 shares of this
corporation by the amount of the reduction.—V. 158, p. 252.
Associated Dry Goods Corp.—25-Cent Distribution—
corporation's first preferred stock tendered for retirement in response
to a public invitation for tenders.
In addition, the corporation pur¬
./-The directors have declared a dividend of 25 cents per share on
chased, likewise for retirement,
10,364 shares of its first preferred
t
American Telephone & Telegraph Co.—To Reduce In¬
'/ the common Stock, par $1, payable March 1 to holders of record
stock for cash.
Capital surplus was credited with $34,543 representing
terstate Rates by About $8,000,000—
V /"/
,/%
Feb. 11.
In 1943, the company paid the following dividends; April 7,
the net difference between the cost of acquisition of the 12,725 shares
The Federal Communications Commission on Jan. 26 announced, f 50 cents; and Sept. 23 and Dec. 1, 25 cents each,—V. 158, p. 1934.
/
of first preferred stock and that stated value of $100 per share.
All of
that following negotiations with the above company, the Bell System,
said shares so reacquired have been retired.
'
agreed to an annual reduction in interstate rates, effective March 1,
,The management intends to continue the acquisition (by purchase or
Atlas Corp.—To Move to New York— • •; .,•
//:•.
1944,
of
approximately $8,000,000.
Most- of the reduction—over
exchange) of additional shares of first preferred stock for retirement
This corporation,
oije of America's largest investment trusts, will
$5,600,000— will derive from an agreement to place the night rate
as
suitable opportunities present themselves.
On Jan. 21, 1944 the
in effect, beginning at .6 p. -m., instead of 7 p. m.,-on interstate calls,
establish executive offices in New York City about March 1, it was
corporation sent out an invitation for tenders of shares of first pre¬
revealed on Jan.
25 with the announcement that Floyd B. Odium,
as presently provided
in Bell System tariffs.
' /•■;•;■ ;. '/ '■ ',>>:.•<
ferred stock in exchange for common stock of Consolidated Edison Co.
At
the same
time an estimated $2,350,000 savings annually .will
President, had approved negotiations for rental of large space in the
of New York, Inc., and of American Gas and Electric
Co, on the
accrue
to users of teletypewriter message 'service with a reduction,
70-story Manhattan Co. Building, 33 Pine and 40 Wall Streets.
.
basis of five shares of the former plus $2 in cash, or four shares of
effective March 1, in the overtime rates on interstate TWX messages.
The transaction calls for a long-term lease of upward 18,000 square
the latter plus $3.25 in cash for one share of first preferred stock.
[These reductions are in addition to an annual $1,700,000 savings
feet of space covering more than three floors—the last remaining space
This exchange offer expires Jan. 31, 1944,
to the telephone-using public at hotels expected to result, from the
available in the famous Tower of the big building.
As a result of a suggestion of the Securities and Exchange
Com¬
elimination of so-called surcharges collected by - hotels, apartments
mission certain
changes were effected in the balance sheet of the
Since
May,
1933, the corporation, .founded 20 years ago by Mr.
and
clubs throughout the country on interstate and
foreign long¬
Odium and in that time grown from a capitalization of $40,000 to
corporation in March, 1943.
In 1934 the corporation had set up a
distance phone calls.
Through an arrangement reached with the Bell
"reserve for decrease in market value of securities'f in the amount of
present net assets of more than $65,000,000 has occupied, executive
System on Jan. 22, hotels; apartments and clubs are prohibited from
offices ,at: 1 Exchange Place, Jersey City; N. J.
$65,000,000, of which $37,352,552 was charged to capital surplus, and
The corporation has
collecting these "extra" charges beginning Feb. 15.}
.
the balance to earned surplus.
In March, 1943 this charge to capital
wide interests in many fields, including railroads, banks, the motion
The reduction in
rate on teletypwriter exchange- messages will be
surplus was transfered and charged against earned surplus.
The book
picture industry, department stores and real estate.—V. 159, p. 106.
realized by a cut on overtime charges from one-thirdi to one-fourth
value
of. the corporation's
securities was written down to market
the initial-period rate on all TWX messages for • wfcich the initialvalue as of Feb. 27, 1943, which eliminated the balance of the reserve
Baltimore & Ohio RR.—Debt Cut $72,339,450—
period charge is over 30 cents. Benefits from this reduction will flow
set up in 1934 and resulted in an additional charge to earned surplus
largely to the U." S. Government and-to .war industry subscribers. The
of $15,667,948., Feb. 27, 1943 was the latest convenient date available
•:
.
R. B. White, President, on Jan, 21 announced that during the year
U, S. Government alone accounts for 50%
of teletypewriter mes¬
for
use
in writing down- the
investments in connection with such
1943, the
American Smelting &
,1 the $3.25-cash,-offer-ed under option "B,".
market in such stocks as quoted at the close
Dividend
Refining Co.—50-Cent
declared on the common
stock, no par value, payable March 3 to holders of record Feb. 4.
This rate has been paid each quartet since and incl. May 31, 1938.
In addition, the company has made the following special distributions:
Dec. 23, 1939, $1; Dec. 27, 1940, 75 cents; Dec. 27, 1941, $1.50; Dec.
26, 1942, $1; and Dec. 27, 1943, 50 cents.—V. 158, p. 2246.
A
dividend of
cents per shhre has been
50
1944
Exchanges
such
on
was
.
.
,
.
>
.
.
—
1
.
*
v
,
.
-
f
board of direc¬
investments at
restated at their market value at that dae,
changes.
In accordance with the determination of the
tors at its meeting in December, 1943 the corporation's
have been
the end of the corporation's fiscal year.
This restate¬
resulted in an increase of $2,470,215 in the amount at which
31,
Dec.
which
ment
1943
is
date
books and this increase
has been credited to the earned surplus account of the corporation,
reducing the deficit in that account by such amount.
. \
•
the
corporation's investments are carried on its
Income
Account,
Int.
U.
Total
1941
$419,922
1,348
bonds
5,987
$518,463
619
20,000
$284,652
615
20,000
$669,063
178
20,000
$427,257
$539,083
$305,266
$689,241
on
„
corp.
___
income
Expenses in reissue
All
other
Prov.
Other
Profit
for
on
Balance
No
40,597
27,152
32,960
35,738
21,935
48,474
23,938
19,042
5,000
21,129
33,534
36i231
35,792
Earnings for
sees...
Cr314,576
Dr338,385
Crl46,929
Cr61,332
appl. to divs.
$626,963
$359,507
$499,237
inc, tax.
sale of
dividends
—
declared
in
the
■
$94,251 :
/
year
1943.
Net capital losses
realized, including losses charged to the reserve for decrease in market
were
telephone,
*
telegraph,
and
'/.
.
cancelled through
to the 1938 plan.
The securities so cancelled consisted of:
,
•
■.
P.
L.
E.
&
.
.
.
■■'•V Amount
Purchased
'
and Ohio Railroad Company-
Division
Southwestern
1943—11 Mos.—1942
•
.
The Baltimore
.
Principal
■/'',
Issue—
•
•
/ '
•
'■■■'•
■
'■
-
November and Year to Date
1943—Month—1942
principal amount of system bonds and -hotes outstanding in
of the public, excluding equipments, had been reduced by.
$72,339,450. Of that amount, $56,654,050 had been
the operation of the sinking fund created pursuant
W.
1st' 5s,
Va. Sys.
4s,
1950
!
1951__
Toledo-Cincinnati Division 4s, 1959
Operating
___
17,708,558
revenue
63,500
revenues
Uncollect,
oper.
"A" 5s,
"C" 6s,
"D" 5s,
Refunding and General "F" 5$,
Secured 4%
notes, 1944_„___
18,430,670.192,125,119 180,347,529
.
88,500
867,000
821,000
Refunding
General
General
and
Refunding and
Refunding and General
Operating
revenue
Operating
__
expenses
taxes
Net
61,156
expenses
Fed.
taxes
for
hands
the
17,645,058
10,495,629
4,850,139
18,342,170 191,258,119 179,526,529
8,402,969 106,507,280 90,744,048
6,770,726 58,125,704 60,964,478
.Net
—V.
income_.__
oper.
1
income
159,
2,299,290
705,623
Lincoln
26,625,135
27,818.003
1,579,740 128,452,854 128,494,714
3,168,475
Little
B.
R.
C.
I.
West
345.
p.
Park
Ohio
transfer of stocks and
rights, legal exps. etc.,
interstate leased private-line
radio-program transmission services..
charged
Operating
and
'
year ago
Period End. Nov. 30—
1940
S. Govt. sees.
dividends
on
Interest
1942
..
this month, the Commission announced the largest single
yate reduction - in Bell System history. • That reduction, of
last
Januar,
1943,
provided approximately $34,700,000 annually in
immediate savings to the public through a cut - in overtime charges
on
all interstate lond-distance calls and through reductions in-rates
A
Ended Dec. 31
Years
1943
Cash
•
use.
sage
telephone
&
&
P.
& W.
American Tobacco Co.—Extra
The directors
share
the
and
common
on
regular
dividend of 25 cents per
share on
to holders
Kanawha
First
&
5s,
1st
5s,
1950
5s,
4s,
:
.
1957—
;
/
—
1965
/
1990
1st 4s, 1995:
1st 4s, 1998—
Pittsburgh 4s,
Terminal
-
1949
1st
Mtge.
&
.•
Valley
Allegheny & Western Ry.
Dividend of 25 Cents—
Jan. 26 declared an extra
quarterly' dividend of 75 cents per
and common B stocks, both payable, March 1
the
Charlotte
Consol.
Virginia
Cleveland
&
!
1995_^_^^.
1995_:_____.
2000
1996
$7,607,000
1,848,000
956,500
11,011,000
5,781,500
7,610,000
10,796,750
6,535,000
13,000
18,200
3,757,000
181,100
183,000
321,000
35,000
*
-
Total
—V.
——
159, p. 106.
—.
:
—$56,654,050
.
Volume 159
Number 4251
THE COMMERCIAL & FINANCIAL
CHRONICLE
with 98.0ft
Austin, Nichols & Co., Inc.—Earnings—
8 Mos. End. Dec. 31—
Gross
profit
Selling
&
gen.
mately'102ft
1943
sale's.
on
1942
1941
1940
$2,875,917
$1,443,960
$1,169,178
$1,192,012
1,371,170
_
967,422
1,002,494
1,135,956
exps.__.
,
'
Profit
$1,504,747
$476,538
Cr2,556
____
Cr2,844
income (net)__::_
Depreciation
Interest
Prov.
-"'j
ft
f
In
Current steel production is approxi-'
year.
capacity.
v
Purchase of Defense Plant Corp.
ft
profit
Drl50
8" 000
December,
9,200
11,914
22,813
27,004
29,779
200,000
45,000
8,000
Federal
taxes
____ft_
8,000
$437,389
1943,.
the
facilities
which
Ronald
had
been
Flogaus
or
being
were
Thomas
F.
McCarthy,, President,
have
declared
$86,680
of
$16,92 6
$1.50 per
on
the $5 prior A stock, no par value, payable March 10 to
holders of record March 1; In
1943, the following payments were made
on
this issue:; July 20, $2; and Nov.
arrears
$1.50.
26,
before
giving
per share
effect
the
to
of Feb.
as
current
1944.—V.
1,
declaration,
159,
2.
p.
Unpaid dividends,will amount to $34
1943—Month—1942
operating revenues.
Ry. operating expensesRailway tax accruals.—
Ry.
Rent
$734,510
$8,704,872
436,065
359,110
5,281,055
4,468,469
303,448
141,672
1,895,361
1,038,381
,
net-Iftft-ft
20,150
income.
$231,728
net-
28,306
income,
be
$6,769,786
.'$211,578
$233,728
ft ft
Net
ry.
oper.
income,
$1,528,456
■'261,704
$254,439
$1,790,160
Income
"
:
avail,
charges
for
25,078
44,946
$279,517
$1,843,690
$1,561,419
253,537
V
',$260,034
Fixed charges
Net
-V.
50,362
income
159,
*
58,957,;
ft.. $209,672
$220,560
621,945
■,
sibilities of Venezuela for
have
some
been
impressed
time."—V. 158,
with
the
1934.
p.
oil
.An extra dividend of 5 cents
dividend
of
amounts
and
15
cents
$5, both
par
disbursed
were
Aug.
15,
have
the
to
15
and
holders
of
-Earnings—
ft
•'
V.
Period—
Net
ft/.ft ft'
before
Prov. .for
excess
taxes
Fed.
1943
$1,767,188
$1,824,584
883,202
inc.
on
inc.
profits
1943
889,650
ft'/ft'
Total net profit
$883,986
___
Net
profit
$883,986
profit per share—
'•
salary
'ftft:'.ft
who
and
special
in
including
1944,
the
12
the
other
?.
...
;
.
Net
stock,
value,
par
no
dividend
a
payable
A similar distribution
of
Feb.
made
was
cents" per
40
holders
to
15
of
dividend
of
50 cents
share has been
per
declared
1944,
an
be
in
interim
the
current
tax,
time
j.
to
enabio
£100,000 the carry
1360.
Corp—Earnings—
1942
$284,663
$359,860
5.620
4,843
"1941
1940
$379,706
divs,„
10,648
15,390
11,561
$300,932
$380,093
$391,265
52,968
49,705
49,415
56,223
$229,989
$251,226
$330,678
$335,033
228,964
245,172
325,216
326,013
interest,
exps.,
etc.
10.263
$282,957
income
_____
in
-
.
_____
banks,
,
Sheet, Dec. 31, 1943
$148,209;
investments
in
U.
S.
Government
$12,822; special
deposits for dividends (contra), $72,349; total, $5,106,876.
Liabilities—Dividends payable, $72,349; due for
capital stock
repur¬
chased
for
retirement,
$16,586;
$15,572;
capital stock ($5 par),
$5,106,876.—V. 158, p. 2574.
'
for-
reserves
$1,167,845;
:.
expenses,
taxes,
etc.,
surplus, ,$3,834,524; total,
ft : ,
Burroughs Adding Machine Co.—Larger Dividend—
The
directors
have declared a dividend of 20 cents
per share out
stock, no par value, payable March 4 to holders of record
This compares with 15 cents per share
paid each quarter from
5, 1942, to and incl. Dec. 4, 1943.—V. 158.
p. 1128.
rthe capital
the
Feb.- 4.-
record
March
(A. M.) Byers Co.—Earnings—'
Years End»Sept. 30—
(net)—
1943
Sales
Cost
the common
on
31,
will
1944,
at
on
tho
securities (at cost), $125,003; investments in other
securities (at cost),
$4,748,493;
dividends and interest
receivable, etc.,
Feb. 15, last year, and on
paid since; Aug,: 15, 1938.—
on
1,
on
tax.
March
ordinary stock for
1943
Balance
-;:
share on
income
payment
share
;—„—
Assets—Cash
of
.
per
$266,398
income
Dividends
are
346.
A.
stockholders
1944,
6,295
taxes,
com-
executives
: ft
dividends
General
Vgft hold-'
ft :".'-V
'ft■ft '.-/'ft'/'ft/'•ft"ft-ft1/"'ft1'"*■''
compensation for all
to
14,
pence
six
p.
Taxable security
incentive
incentive
Feb.
on
the
to March
dividends.
Interest
to $537,724.
For 1943 it amounted to
equivalent, to $42,546 after Federal income taxes
effect, and will be equivalent to $20,159 after all
reduction
p,
1*
ft stock,
$1,
par
butions of $1
-
1,327,012
payable March
each
$1,818,920
1
made
were
holders of
to
March
on
Renegotiation Completed
of
1942
1941
.
'
1940
$24,157,136 $20,463,282 $11,960,839
14,772,8898,531,001
'
$7,106,192
salesft—18,443,204
1
record
and Sept.
Feb.
Distri¬
1.
Gross
last year.
1,
Other
$1,818,920
$1.21
$0.47
after
has reached
company
Board
giving
final
a
renegotiation
on
reduces
agreement
$706,146
$0.62
Adm.,
The
on
sales
$5,713,932 : $5,690,393
4,945,853
the
effect
of
agreement with the Price Adjustwar
contracts, for 1942.:
Such
business
for
the year by
Idle
the
to the Government $1,260,000.
Further¬
of excess 'profits
taxes is
reduced by
Int.
Federal
income
.
and
$6,300,000,
profits
excess
taxes,
*29 ft: of profits
ft company is required, to pay
of The Best Foods, Inc. : (Del.V
fromJuly 1 £o
more,
the post-war refund
19, 1942.
The date the company, The Best
Foods, Inc... <N. J.)
$504,000.
The $1,260,000 is to be1>ayable oiie-third in January, 1944,
acquired the 29 ft; minority interest theretofore
outstanding inftits sub¬
one-third on March "15, 1944,- and.'vone-third, on June !§• of this. year,.
sidiary, The Best Foods, Inc. (Del
The teeSt-Foods*- Inci (Del.) was.
and that amount, plus the amount df'reduction of the post-war refund,,
liquidated as at Dec. 31, 1942.—V. 153, p. 2.
.ftfty:ft
has been charged to the $2,000,000 provision, for contingencies, post: war
adjustments, etc^r established out of 1942 earnings.
This leaves
Bethlehem Steel
Unchanged the 1942 net profit of $2,712,328.—V. .157, p. 518.
Corp.—Preliminary Report for 1943
Nov.
'
19,462
$5,725,632
$3,455,715
$2,179,804
1,071,719
*1,120,732
949,681
839,576
574,273
445,389
deprec., etc;--
Amortization of
and
gross
to
25,877
$5,809,126
income
for
plant
Prov'.
for
'
(net)__ '
and
Pa,
;
,
'■.
'
ft
,
'
12,624
22,727
______
..
ft
45,533
ft_:
v___
'
taxes
for
749,478
137,003
payable—
Fed,
income
Prov.
757,667
patents
exp.
notes
on
$2,160,342
35,239
gen. and sell exp._
Prov.
its
$3,429,838
95,194
...
$824,966
ment
profit
income
To Refund $1,260,000 to
—
Total
Government—
$934,934
$0.59
His
year.
pay
on
up
receive
Calendar Years—ft
volunteered
their
recommend
of
ordinary stock, free of British income
received
to
to
held
British
to
share
per
Broad Street Investing
ft
Cash
(E. W.) Bliss Co.—Smaller Distribution Payable— vft-ft
118,820
net
again
of
amount
Feb. 16, 1942, which were the first dividends
V.
157,: p. 1738.
A
..
Consol.
the
issued
free of
decided
pence
be
dividend
proposed transfer to Employees Benevolent Fund of
will be £ 2,505,707.—V. 157,
_
$2,151,978
l;772,852.
^Deduction
limit
have
Howard
•
$3,591,772
$934,934
Bethlehem
have
to
final
£1,
par
10
decided
18
fixed
a
forward
amounted
in
now
■,
and
taxes-
..
of
will
The directors have declared
:
Like
6 Mos. End. Dec. 31,
1943
1942
ft"
/
improve¬
Blauner's, Philadelphia—40-Cent Distribution—'
common
''
Dec. 31, ft
.
159,
' ftft'ft\' '
/'ft
and
of
regards bearer warrants the two above dividends will be
paid!
together against the deposit of one
coupon only, namely No. 193.
\ Net
profits for the year ended Sept. 30. 1943, after
deducting ail
charges and expenses for management, etc., and providing for taxation
are
£3,321r735, as against £ 3,065,348 for the previous year.
Aftejr
paying final dividend amounting to
£593,944
and
allocating
tho
participants in the special incentive compensation
plan of the corporation for 1943 was $237,629 as compared with 1942.—
-
*
-
last
29,
'■
group
16, last, and on Feb. 15
.ft.ft'ft -;ftft>'ftft..oftft-'' :ft Feb.
—Quarters Ended—
Sept. 30,
tax.
the
.
Best Foods, Ine.-
rates
common
Aug.
157, p.-' 2344.-ft :i"ft
officers
which
1944
April
The. total
r
pos¬
31.
'''ft
election
As
Total
federal income tax requirements in
over
semi-annual
the
on
record Jan.
in
on
the
at
I1'.'.ft','.
usual
been. declared
15
Feb.
on
1942.—V.
share and
per
share
per
payable Feb.
transferees
*
the cost of emergency
'
of
directors
the
Transfers
is estimated, $14,500,000 will
income, and excess profits tax
•>
1944,
year on
in the
executive
pensation in 1942
$221,645, which is
;
possibility of oil development in
Dunn, President.
■ft ftftftft'-'ft'ftft
production immediately we will be
oil
The
compensation from Bethlehem Steel to the amount paid them in 1943.
The voluntary income cut for the year 1943 was forecast;
by Mr.
$843,109
the
A.
58.8ft
of
other
reductions
(John) Bertram & Sons Co., Ltd.—Extra Dividend—ft^'
stock,
and
He
Barnsdall Oil Co.—May Operate in Venezuela—
company
is exploring
Venezuela, according to James
"If it is possible to begin
glad to do so," he said.
"We
amortize
it
ft'"';;"
ft"',
,
to
Federal
the
announces
in charge of engineering.
Mr. Flogaus has
approximately five years as Chief Engineer.
Jan.
on
meeting,
31,
dividend of
properties in. 1943 the corporation on Jan. 6, 1944, borrowed
group of. banks $30,000,000, of which
$15,000,000 will become
a
Grace
The
1943
which,
for
directors
ordinary stock,
compensation of E.- G. Grace, President
of the corporation, in the year 1943, as compared with 1942, was
reported by him Jan..27, after the meeting of the board of directors.
"ft. 718,310
$1,221,745
in
of
a'deduction
reduction
A
2.
p.
$23,500,000,
as
President,
company
347.
p.
annual
March
ftft Income Slash of 58% Reported by President GraceBethlehem Executives Again Volunteer Lid on Income—
•"
o
fxd.
__________
The
the
ft due on-.Jan. 15, 1945, and $15,000,000 will become due on Jan. 15, 1946,
but, at the option, of the corporation, may be paid at any time after
Jan. 15, 1945, at the face amount thereof and accrued
interest,
$1,516,473
53,530
from
v
$1,262,936
20,711
...ft",
amount provided
was.
allowed
Monroe,
Vice-President
the
British-American Tobacco Co., Ltd.—Div.—Earns.—
.
ments'to
'
Other
Etc.
i ft4 i
ft-ft ft'. "ft-* Borrowed $30,000,000 From Banks ■ ft
".ft In order to provide in part for the cost Of additions
^
$951,091
income-
oper.
Expenditures for Additions,
purposes for 1943. ft
,V
1943—12 Mos.—1942
J
Ry.
The total
facilities
•
.
ft"'X
Bangor & Aroostook RR.—Earnings—
Period Ended Dec. 31-
ft
/
R.
as
with
—V, 159,
The cash expenditures in 1943 for additions and
improvements to
properties .(excluding facilities to be paid for and owned
by the United
States Government), amounted to
$48,332,283, as compared with $30,907,716 in 1942.
The estimated cost of completing construction author-,
ized and in progress as of Dec.
31, 1943 (excluding facilities to be paid
; for and owned by the United States
Government), is $49,900,000.
■ft It is expected '.that of the expenditures aggregating
$151,361,613 for
additions
and
improvements
made
in
1940,
1941,
1942
or
1943,
approximately $117,000,000 will be subject to amortization for tax
purposes under, the provisions of the Internal Revenue Code.
announced that the
share on account of
Jan. .26
on
dividend
a
been
ft
Accumulated Dividend—
directors
ft
.
$248,568
(J. G.) Brill Co., Philadelphia, Pa.—Official Promoted
-
Facilities
plants under contracts with Defense
Plant Corporation, were purchased
by Bethlehem Steel Co. (Pa.) in
exercise of the options of purchase
granted to it in such contracts.
ft
$56,056
$166,684
',1,050,000
«.
ft_____.____.fti_
for
Net
.
the previous
of
443
-
f Constructed at certain of the steel
Other
•
for
12,683,000
12,410,000
""
contingencies.
548.000
171.411
$1,333,761
'. $655,168
.250,000
"
1ftNet; profit----^_:__-ftft;
'ftft;4;.ft.
'•ft''
r' vft '/ftftft 4th Quar. '43 3d Quar. '43
'
•
,
Net
''
'•*'
.
'
billings
Total
*
-•
&
on
sale
49,776,675
219,350,869
ft 5,685,688
cap..
assets
bef.
Net inc.
taxes
49,277,797
taxes
;
E. G.
15
31,420,000
129,600,000
32,124,592
$1.65
;
income
the
for
$8,58
the
coal
located
the
the
in
coal
than
vicinities
ft
.■
••
-
ft'
stocks
and surplus
of
Yard'at
subsidiaries
Heilwood
the
in
as
on
of
the
all
V.
corporation
for
'.'
the
year
-ft-
,
1944
$4,777.695,t.
properties, and that amount
was
ft.".
.
to
'
ft
ft
1
of
corporation
the
the post-war
will
Code
corporation
included in
refund
of the
will
deducting
become
the amount
excess
tinder
become'entitled
after
entitled
ft
under
Section
ft
to
their
in
out
of
the
market
estimated
.The
prices
.
of
cost,
certain
,
and
amounts
income.
■
.
so
$663,275
the
783
thereof
year
it
March
issued
$10,
par
15.'
finders
its
of
company
7ft
cumulative
record
of Preferred—
the
within
excess
pro¬
stock
(net),
Dr$810,692;
total,
$20,929,740.—V.
California Consumers Corp.
159,
declared on account of accumu¬
Similar
distributions
were
.
ft';'
>■'
ft
.-ft...'ft
'
,.
ft'
"
Co.—Larger Interim Dividend—
directors
of
40
cents
holders'Of
of
of
60
on
Jan.
Feb.
cents
cents,
declared
per- share
record
30
25
Dec.
on
the
on
15.
each
ft Opera
Other
20.—V.
159,
June
1,
346.
p.
Ry.—Hearing
on
..
the
year
March
Feb. 9—.ft:
Bond
1943
158, p.' 2247.-
."
Bourne Mills—Smaller Distribution—
profit-^.-.
_
$2,758,205
2,576,333
2,572,753
$263,461
ft
1942
$2,839,793
incl. deprec._____
exps,,
$185,452
_ft
28,010
interest____
29,927
$291,470
___________
$215,379
,
2_.
145,838
on
91,294
116,575
70,911
14,925
income____
disposal of capital assets
Sundry non-recurring gains____
Credit
resulting from purchase,; of
7,171
on
25,143
bonds
for
retirement
Cr70,630
Crl4,476
Net,
1
;
-
,
.
106.
Earnings—
income
$109,906
60,47a
profit—
Consolidated
^•,ft/:ft,!';r.:y>":;;
..
gen.
Federal and/State taxes
and'Sept.
1
ting
and
income
Total
paid interim
1 and a
the company
1943,
March
for
payable
stock,
common
During
on
interim-dividend
an
oper.
made
on
1727.
$400,000;
year),
p.
(& Subs.)
12 Months Ended Sept. 30—
'
Costs,
preferred stock, par $100, payable
31.
one
$1,650,000), $1,287,555; other taxes, $307,517; dividends payable Nov.
1, 1943, on preferred stock, $98,698; notes payable to banks,
$800,000;
reserves for rebuilding and renewals,. $186,593;. reserves for
contingen-.
cies, $269,910; T/e preferred stock, $6,307%300; common stock, $2,666,350;
paid-in • surplus, $7,581,911; earned surplus, $484,508; treasury
of
Balance
Sheet,
Sept.. 80,
1943
Assets—Cash, $493,864; U. S. Government obligations. $125,000; notes
accounts receivable (less reserve for losses of $45,645), $264,652;
inventories, $294,894; investments and deposit (net), $17,833; land,
buildings, machinery, and equipment ».(less reserve for depreciation of.
$1,229,464), $2,359,654; capital stock of Southern Counties Ice Co.
(364,105 shares—30.23%■ of total outstanding),- $220,973; rights in ico
industry equalization agreement (less amortization), $17,035; patents
end
ft'
'
not
(due
payable, $1,133,486; wages payable, $196,056; collected from
for War bonds, $20,548;. reserve for Federal income ,and
profits taxes (less U. S, Treasury notes—tax series' tat cost],
employees
ft;';?
the
that
effect
payable to banks
accounts
dividend of
both payable
-ft-ftft".';. ■' ft.
.
to
5,000
first
Jan.
82,600,000 of refunding bonds.—V.
the
which
is
23
by
Boston Elevated
Internal
to
.ft
and
A dividend of 50 cents
per share has'been declared on the capital
stock, payable Feb. 1" to holders of record Jan, 17.
Payments last year
"
were
reserve
to
for a
materials and
raw
$15,000,000
added
established
provide
to
was
reserves
added
were
in
as
follows:
F^bftl .and May 1, $1 each,; and Aug. 2 and Nov. 1,
cents each.—V. 158,
1727.
p.
.ft
'ft
..
\
Brager-Eisenberg, Inc.—Extra Distribution—
supplies
to
set
the
An
up
Funds
extra
dividend
of
$3.50
common'stock, payable Jan.
1943,
-ft
is expected will be granted
in
1944
and subsequent years.
;
Production
Steel
production (ingots and castings) averaged 104.2ft of capacity
during the fourth quarter,
as
compared with 101.6ft
during the
previous quarter, and averaged 100.9ft for the entire year, as compared
The Commercial and Financial Chronicle
the
March
charged to income in 1943 on account of pensions was
$4,000,000 was paid into the pension trust fund,
thereof to provide for payments of pensions granted during
and $3,336,725 thereof to provide for payments of pensions
of which
Steel
-75
1939
possible
amount
$4,100,000,
which
which
the
class
record
quarterly
per
31
per
share
to
holders
declared
has.,been
on.
record Jan.. 27.
of
the
During
;
Pension
The
of
regular
A stock,
a
ft Liabilities—Notes
cents
ft'The Massachusetts Department of Public Utilities will hold a hearing
Feb. 9 at 2:30 p.m. on petition of this
company for authority to issue
Inventory Reserves
normal
reserve.
tax to
6%
the
of
and
four
of
banks
trademarks
(less amortization),
$1,462;
deferred charges, $69,656;
.
During 1943 $3,000,000 was added to the
deducted from total inventory values
contingent
780
debt retirement
provided for taxes for the year 1943.
and
decrease
profits
Section
the credit for
stock,
on
holders of
p.
dividends
final
1943.
Taxes
15 to
The
Slickville,- Pa., and part of
vicinity of Morgantown, W. Va.,
aggregate amount paid or provided out of income for the year
for taxes was $167,236,300, as compared with $185,704,093 paid;
provided in 1942 (which included, $5,000,000 provided for 1941).
The,
amount
30,
.
Dividend—
dividend
initial
an
dividend of $1 per share has been
Borden
-
income
B
Jan.
on
redemption
and
The
Revenue
'
Loss
and
price received, for such' properties
SEC
158,
of
1943
or
Sept.
2463.
Feb. 15, May 15, Aug. 16 and Nov. 15, last year, and
July 10 and Nov, 16, -1942, which were the first .since. May, 1935.—
"
i
Del.,
declared
holders
to
this issue
on
of
.
Wilmington,
class
lations on'the
Feb.
-1\ft;.- ft.-';'
,v
by
located
The total
and
30
Balance Sheet, Sept. 30, 1943
in
$954,515;
Revenues
A
capital
the aggregate book value of such
charged to
was
bonds,
Wilmington
Owned
properties
sold.
were
less
the
properties
June
158; p.
(H. C.) Bohack & Co., Inc.—$1 Preferred Dividend—
>
Sale of Coal Properties
,
year
31,
jAfter
and on hand, $1,311,889; U. S. Government
notesand accounts receivable
(less reserves of
$24,766), $2,029,323; inventories, $3,115,785; land, buildings, machinery
and
equipment, etc. (net), $13,216,463; refundable portion of excess
profits tax (post-war credit), $252,000; goodwill, $1; unexpired insur¬
ance premiums,
prepaid taxes, etc., $49,764; total, $20,929,740.
■
,
1943, before deducting interest and
5.79ft
of the total investment of the
was
.ft
the
March
75 cents,—V.
13,
ft.
Assets—Cash
securities,
the outstanding 40,000
shares of its 5Vs ft., cumulative convertible preferred stock to be selected
by lot, to the extent that the shares so selected may be shares owned
by Atlas Corp. and Rotary. Electric Steel Co. is exempted from provi¬
sions of the Investment Company Act of 1940.—V. 158, p. 1822, 2463.
$6.31
<■
have
share
per
31
posed
year
equal to
corporation as represented by
the beginning of the year.
During
follows:
as
Bonwit Teller, Inc.—Retirement
25,387,760
"
cents
The
151,500,000
6,573,892
■
the
on
March
36,267,519
37,993,892
161,724,592" .176,887,760
'ft'ftft
$3.72
charges,
were
and Dec.
directors
share
;"ft 4,777,695"
Grace, President, states:
net
other
year
each;
Blue Top Brewing Co., Ltd.—Initial B
>
The
'"Provision-for depletion and depreciation (including
amortization)';
other than depreciation on certain
equipment provided for through^-;
charge to operating expense.
;
-ft "■ Vftft ftft-ftft/ ft/ftftft'ftft
The
cents
25
9,339,600
'■-.ft-ft
ft 47,162,894
12,707,797
sh;
com.
last
ments
ft. ;ftft ft:-ft-
36,570,000
for period
per
ft
10,397,061
4,777,695
17,792,969
income.
on
Distribution—
A dividend of 25 cents per share has been declared on the common
stock, par $5, payable March 31 to holders of record March 20. Pay¬
■
222,494,879
v:
etc.-
for
Earns,
;
—
based
& Laughlin, Inc.—25-Cent
j
ft
Year 1942
,
73,210,721
of
■"Depreciation,
Net inc.
Year 1943
\ ft."
chgsftftft 1,362,260 ft 1,385,722
other
Prov.
J
:
460,592,907 519,097,265 1,902,819,720 1,511,672,299
....—
income
Int.
Loss
'
\
i'P Bliss
$1,195,422
-
The
following is a preliminary report of the results of the businesses
and
operations of corporation and its
subsidiary companies for the
fourth quarter of 1943,
comparing' with the third quarter of that year,11
and for the year 1943,
comparing with the year 1942:
$1,147,113
■'Including Federal and State capital stock taxes of $152,062.
post-war credit of $232,000 in 1943 and $20,000 in 1942.
'
"
extra
8,
company paid
June l, Sept., l
distribution
share.—V'. 158,
p.
of
$3
quarterly
of
dividends
50
each
cents
on
1, and on Jan. 30 also made an
share.: Dividends in 1942 totaled $4 per
and Dec.
per
1527.
The
Feb.
directors
common
10.
last
year.
—V.
158,
An
initial
On Aug.
p.
2463. •'
par
$2.50,
distribution
dividend
a
payable
of
like
15
of
Feb.
15
amount
21, 1943, the company paid
♦
ft
ft
.
Liabilities—Notes
payable to Southern Counties Ice
Co.,
$8,626;'
income and State franchise taxes, $135,401;. property taxes,.
$46,096; social security taxes, $18,933; other taxes, $25,762; accounts
payable, $87,995; wages payable, $37,942; accrued interest on bonds,
$86,475; ice distributors' reserves and other deposits, $54,331; mort¬
Federal
sinking fund bonds (due Dec. 1, 1955), $2,882,500; deferred credit
charges billed in advance), $21,902; reserve for compensa¬
insurance, $16,053; capital stock (54,274 shares, par $10), $542,740;
deficit, $99,730; total, $3,865,025.—V. 158, p. 1822.
gage
(storage
tion
California Pacific Title Insurance Co.,
have* declared
stock,
$3,865,025.
'
,.
.
cents
to
was
a
made
50 7o
The
share
per
holders
San% Francisco,
Calif.—To Pay Dividend of 75 Cents on Common Shares
Braniff Airways, Inc.—Cash Dividend No. 2—
the
total,
of
on
on
record
Nov.
15,
stock dividend.
directors have declared
common
cents
Feb.
stock, par $50,
share on the
per
1
to
During
stock;
On
holders
and
17o
a
dividend of
75
cents
per share on the
the regular quarterly dividend of 87 Vz
preferred stock, par $50, both payable
of record Jan.
25.
1943, the company paid dividends
Aug. 1, $1; and on Nov. l, $3..
as
follows
on
the
common
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York 7, N. Y., BEekman
3-3341, Herbert D. Seibert, Editor and Publisher;
Seibert, President; William D. Riggs, Business Manager. Published twice a week
[every Thursday (general news and advertising Issue) with a statistical Issue on Monday]. Other
St., Chicago 3, 111. (Telephone: State 0613), in
charge of Fred H. Gray, Western Representative; I Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright
1944 by William B. Dana Company.
Reentered as second-class matter February 25, 1942, at the
post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States and
Possessions, $26.00, per year; in Dominion of Canada, $27.50 per year; South and Central
America, Spain, Mexico and Cuba, $29.50 per year; Great Britain,, Continental Europe (except Spain), Asia*
Australia and Africa, $31.00 per year. NOTE; On account of the
fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
William Dana
offices:
135
S.
La Salle
THE COMMERCIAL & FINANCIAL CHRONICLE
444
*
1
,.-/•*
California Electric Power Co.—Earnings*
Operating revenues——
Maintenance
—j—*Other
oper.
Taxes,
-
Net
expenses—
$6,012,649
$6,987,779
305,876
1,838,774
,
52,151
635,744
$276,859
$261,953
$3,299,433
depreciation-
82,134
61,766
$3,770,602
898,871
$2,871,730
44,439
$2,568,834
$205,158: $2,916,170
1,215,098
108,769
$2,613,100
1,327,558
23,120
563,960
423,500
$73,269
$1,137,111
$862,042
for
Balance
$199,322
51,789
,
deductions
Total income
4,971
4,598
income——
Gross
730,599
1■
stock.-.4-T-v?*?~~?-~
Balance''^—
,•
$82,013
income
Net
.
^
1942
1941
$5,859,362
Mortgage interest :
Depreciation
Legal
>1—-
expense
Pension fund
110,000
and
b90
2,175,000
1,800,000
1,780,000
10,720
10,740
10,720
10,720
$949,072
1,004,345
—:?
Nil
share
1,365,649
$0.54
1,004,345
.
and
1
amounts
Aug.
of
65
of
per
were
1942.—V. 158,
1,
cents
per share
have been
cents
5
share
payable,
thereof.
385.
p.
a
-cash
directors on
Jan.
declared
25
South
dividend of
interim
an
and
Shore of Indiana and South Shore of Michigan as owners of
the outstanding shares of the common stock of Terminal company,
then dissolve.—V. 158, p. 2249.
■;■■
;
cents
50
Chicago Surface Lines—To Pay Bond Interest-
<
Federal
for
interest of $1,854,317
Sales.
etc.—— 140,760,772
sales, operating, expenses,
:?_'
profit, —??_?
?.,——??—>—
Depreciation and amortization————?-?.
—
115,437,143
The
26,731,706
33,184,252
Interest earned (Cr)—
first mortgage
5%
South
corporation's
22,421,162
•
34,505
141,254
15,311,965.
in
planes
with
Air
55,377,387
.
accrued,
$5
compared
President.
4,107,111. 4,310,544
29,077,141
/? 42,001'
39,423
holders of
to
Railways, Chicago City Railways
Chicago Railways.
Interest on the bonds has
paid regularly since 1907.—V. 159, p. *348.
1943
Operating
Feb." 1
on
companies are Chicago
Colonial Airlines, Inc.—Mileage Flown Increased—
173,945,023 142,1,68,850
;
——————
———_
of
'•Cost
The
Calumet
been
1942
1943
Judge Michael L. Igoe at Chicago has ordered the receivers
underlying companies of the Chicago Surface Lines to
the. three
pay
and
.
The
.
Terminal company.
its
<
record
Year Ended Dec. 31—
Interest
for
mortgage trustee will then pay all expenses for such
release the mortgage, and pay any balance remaining to
The Terminal company will thereupon satisfy
current debt, proportionately pay over any remaining assets to
the
bonds.
1943
bond
$485,775;
Terminal- Co;
City
retirement,
payable Feb. 1 to holders of
paid on Feb. 1 and Aug. 2, last,
both
/Caterpillar Tractor Co.—Earnings-
$2,222,912? accounts
Liabilities—Accounts
Michigan
the
trustee under the mortgage securing 3% income bonds of
company due June 1, 1952.
The mortgage trustee will there¬
purchase or retire the outstanding income bonds in the total
principal -amount of $116,500 at not more than the principal amounts
share on the $5 par common .stock, payable March 11 to holders
March 1,
Payments in 1943 were as follows: March 12, 50
cents; June 11, $1; and Sept. 14 and Dec. 10, 50 cents each.—V. 158,
p. 1934.
'
-
receivable (less bad debts
reserve), $713,114? Government bonds, $4,434,574; cash, $1,498,744;
investment in
company's own bonds, $93,500; refundable portion of
excess
profits tax, $157,000; unexpired insurance, prepaid taxes and
other prepaid expenses, $62,441? bond refunding expense (less amounts
written off), $880,000; land, buildings, plant and equipment, etc. (less
depreciation reserves of $23,384,703), $33,886,490; total, $43,948,774.
^
•
from
upon
$0.04
$0.18
Consolidated Balance Sheet, Nov. 30,
Assets—Inventories,
Like
dividend
extra
an
dividend
stock,
common
20.
Feb.
on
declared
semi-annual
the
on
Jan.
The
ton 600,000 common shares.
•Includes income from investments,
purchase
Ind.,
City,
per
$1,332,220
1,004,345
$1,631,060
$1,412,727
to
consideration of $130,828 all the real estate, and the buildings and
improvements "erected* thereon; owned by Terminal Co. The cash con¬
sideration received will be paid over to Citizens Bank of Michigan
llO'.OOO
705,000
•,
com.
per
The SEC
all
income—
tEarns.
usual
the
declared
record
110,000
Chicago South Shore ;& South Bend RR^PurcHase—'
on Jan. 25 issued ah order granting the company permis-
/
sion
.
1632.
p.
1975 and convertible adjustment
first mortgage bondsvand. consoli¬
of
bonds
and Chicago, Milwaukee. & Gary first mortgage
f
' ?'
: ■,;
bonds.—V. 159, p. 349,
Carpenter Steel Co.—Interim Dividend of 50 Cents—
fees
Preferred dividends
directors have
The
79,315
of
Net
158,
5%
RR.
Milwaukee & Northern RR.
dated mortgage, bonds;
cash,
$4,928,309.—V.
Pacific
&
Terminal
and
for Dominion
provincial income and
profits taxes :?**:.?—??
Directors'
1,113
.
Paul
bonds;
Carolina Insurance Co.—Extra Distribution—
1,500,000
1,750,000
89,458
2,541
90,039
total,
and
Proportion of bond re¬
funding expense —Prov.
23,300
/' !.
payable, $36,572; due -for' Securities loaned
$74,800; due for securities purchased, $15,263; reserves
taxes, etc., $8,817; bank loans due Sept. 30, ,1945, interest
2% per annum, $1,150,000; $3 cumulative preferred stock ($10 par),
$434,000; class A stock ($1 par), $143,405; class B stock (one cent par),
$2,400; surplus, $2,735,603; reserve as required by charter, $327,449;
100,000
110,000
;
—,———
remuneration
Executive
442,283
*
Liabilities—Dividends
.
$5,343,734
505,488
25,300
1943
,?
—
L_——-i-
v
of
1942,
31,
;..?</ ■■/;
against
1940
$6,188,202
442,284
21,300
1,825,000
100,000
profits
on" Dec.
for expenses,
Earnings—
(& Subs.)
$4,179,809
442,284
.19,300
1,750,000
91,110
2,323
Years End. Nov. 30—
•Total
Bond interest
depreciation
unrealized
$152,112? irivestmedts in U. S. Government
securities (at-cost),$330,066; investments in-other securities, (at .cost),
$4,390,786; ■ dividends and interest receivable, etc,,- $18,773;
special
deposits for dividends (contra), $36,572; total, $4,928,309.//;:"//,/''/;/
gation District its electric system and business in/Coachella Valley and
Imperial County, retaining the Palm Springs-Point Happy area, the
Nhand-Blythe line and territory, and service into Mexico. The results
of this transaction are reflected in all operating figures subsequent to
the above date.—V. 158, p. 2575.
Canada Cement Co., Ltd.
with
The names are being- sought in order to enable the Inter¬
Commerce-Commission to submit such plan of .reorganization as1
have their approval and that/of-the District Court; < '
1 '
rj;
Bondholders of thelollowing issues will be affected by .this plan and"
they are urged to. get in touch with R. J. Marony, New York fiscal'
representative,-52 Wall Street, New York 5: Chicago, Milwaukee &.
St. Paul Ry. Co.. general mortgage bonds; Chicago, Milwaukee, St.*
-.may
Assets-^ash in banks,
T
sold to the Imperial irri-
the company
1943,
15,
,»
_
,,
Oct.
"compares
fi.w7.1u-^
•Including excess profits tax.
Note—As of
the road.
state
■
The unrealized " appreciation of investments oh Dec. r$I, 1943, after
deducting .provision of $147,000 for. Federal income tax, was $533,564?
this
/
In.bankruptcy since.July 1, 1935, are.being sought by the.trustees .of
327,449;
.
65,520
——
—
Milwaukee St? Paul & Pacific RR.—Trustees'
Chicago
Names and addresses;of bondholders of the company, which has. been
Surplus, Dec. 31, 1943—$2,733,603
;
.
Seek Names of Bondholders—
$385,396
Balance, Dec. 31,1942?—v?.^—-?V?U??—?-?—
.
I
13,063,052
—
1,
.
130,200,;
;:
Total including capital surplus-*
Provision for Reserve as Required by /Charter-^' "
44,265
7
$515,598
.
Dividends on $3 cumulative preferred
•Prov. for Fed, taxes op
income
; 168,296
?, .43,567
—
——
$200,187
$194,724
Net oper. revenues—
Other income (net)—,
303,735
31, 1942—J—
—??„?—_?—?—?'
?:.v?——?—_?_—..?———?..????—
income
Omaha.
of
'The-banking group, will furnish $7,900,800 to the road during 1944.
financing the acquisition of. i6. new diesel-electric freight locomo¬
tives, to be built by Electro-Motiye. division of. General. Motors Corp.
The road agrees to pay the banks -$49,380,toward the price of each
locomotive vein the first >f the, month following delivery, and will pay4
the balance l over a ^period of '10 years beginning Jan. 1, 1945, in 40
equal quarterly instalments.—V. 159; p. 211. *,
4
,,
v/'*
for.
1936—
.'Net profit on sales of;Investments—*.:—
634,438
revenues—
Net
Bank
^——l???—$2,677,654.
and Loss Account'from Jan., 1,
Dec.
Balance;
,
240;003
2,275,555
44,932
oper.
Prov.
Income and Profit
,
other than' Fed.
on income——?
taxes
f
■
1943—12 Mos.—1942
1943—Month—1942
$468,604
$506,628
18,177
28,484
136,321
156,352
Period End. Nov. 30—
National Bank, &,Trust Cp, of Minneapolis, and United States, National
.Statement of Surplus, Deo. 31, 1943
Capital SurplusBalance, Dec. 31, 1942——
Interstate Telegraph Co.)
(Including
Monday, January; 31,, 1944
flew
28,738,274
mail
pound
194$.
in
miles
63,113,201 express pound hi lies in
1942, according to Sigmund- Janas,
in 1943 were 118,728,595 -against
Revenue passenger miles increased
in1943 -from
9:884,769
in
1942
although -scheduled
decreased, to 691,712 miles from 744,115 miles in 1942.—V.
11,021,746
to
miles
flown
158, p. 2465.
preference dividend, $251,086; Government and other taxes,
_Interest • paid
Colorado .Fuel & Iroh Co.—Interest Authorized— v $383,411; first mortgage bonds, $10,500,000? mortgage on Canada/ ^Federal taxes based on:income??? ——/ 20,884,255
Cement Building, $445,000; reserves, $1,557,100? preference shkres re¬
The directors have declared the full "year's nterest oh. the 5% * income
demption .reserve, $55,900; 6%% preference stock, $20,086,900? common >y. profit' carried to " surplus^-*—195,464, .$7,002,44$ 3 Vmortgagrbpnd$, ;due April l, I970,' payable 2% % on-April 1 and
stock C600,000 no par shares), .$6,403,905; earned surplus, $3,585,509? ? >. *
After miecellaheous. income/-- ,k' • ■, ■: - *■/ , '•*"U* > ■''-■* '■ / on Oct, 4 hext,- -at The Chase Natiohal Barik pf the "City of New York,,
refundable portion of excess profits tax, $157,000; total, $43,948,774.-r
II Broadest., New' York, N. Y., on presentation and surrender; of
•' Note—The
earnings reported are subject to; the renegotiation provi¬
v.-158, p. 766.
■.r:
' ;
:?/'?;/
/;>■,/-■'?■■■ sions of the National Defense
April 1, "1944 and Oct; T, 1944, eoupons, "fespectively;
Checks for
Appropriation Act. It is anticipated that.
interest-on the registered bonds will1 be mailed to the registered: ownerssuch renegoiation will not have any material effect upon net earnings
thereof.—V, -158, p. 2465v Canadian Breweries Ltd. (& Subs»)—Earnings—
:
>■ S'':
'
as. reported' after provision for. all Federal taxes.?$37,188;
-
■
"
,
■
Years End. Oct. 31—
-
,
1943
■
.
'
1942
$2,610,389
53,441
Profit from operation—
??—_
$3,339,322
pther "income r?—„,//?' •/ .'49,466
.
"
'
—
Provision
$1,790,071
;
..^vBa^nce^Sbeet^Dep.;'31,-;I94$^'^.<
'it' Assets—Cash,''$9,135,691;'
55,266
$2,663,829
106,797
>—?——*—I——?-• ? \ 99,574
depreciation—-—/
538,947
for
f-
(iess re-;
accounts ? receivable
ahd
•
k.
.
541,536
'Colorado Milling & Elevator Co^Initial
r$85,923? total,-$79,.478,770.
*//://'■/
..
'
V/.
:■
■
Colorado & Southern Ry.— Earnings—
"
taxes
come
•1,886,000
MJinority, interests
'/:■
/U?——■„
1,194,000
43,932
626,000
32,878
.
payable, $10,496,627? accrued payroll and expehses, $1,910,378; Federal taxes (less post-war credit realized through
debt retirement and less H. 8: Treasury Savings; Notes-; $10,000,000);
$12;107,*746; common stock (1,882,240 hd par shares), $9,411,200; capi¬
tal surplus, $13;733,577? earned surplus, $31,819,242; totah $79,478,770.
Liabilities—Accounts
■
>
?'
Net. profits
Dividends
$864,267
$777,564
! $570,570
571,482
522,196
49U.284
preference shares—
on
to 5J/2% debentures were retired during the
amount of $3,000,000 carrying interest from
issued and sold.
;
>
In connection with the acquisition of the entire minority interest in
Canada Bud Breweries, Ltd., the issued capital stock of the company
was increased by 11,C0Q preference shares and 59,074 common shares.
outstanding 4%%
to
4%%
Assets—Cash
Sheet, Oct. 31,
Gross
Net
Liabilities—Accounts
v
excess
,,
Gross
from
ry.
Gross
from
1
1943
railway*—$138,757
—'
20,586
*50,272
Net
ry.
;
oper. income
From Jan. 1— :
■
railway?—
railway—-?-.
income—
159, p. 4. !,;
Net
—
Net ry, oper. income—
•Deficit.—V. 159, p. 4.
*
Canadian Pacific
$154,785
70,023
25,498
earnings
1,587,358
•4,841
*633,533
159, p. 347.
'
'
$572,631
119,626
:
173,113
135,666
81,730
8,235,979
7,853,050
2,407,186
*1,477,894
-.1,962.885
1,408,388
;
■
</';■'
730,142
?
v
Real Estate Trust (Mass.)—Extra Div.—
Chesapeake & Ohio Ry.—Earnings—
*
1943—Month—1942
' ,-
"*:.
.
$
$4,253,000
Gross
'
18,069,802
——
—
^
At
cess
Report^
-Other
Dec. 31,
1943, the net assets of /the corporation were equivalent
to $4,631 per $1,000 of bank debt.
The preferred stock asset coverage
changed from $75 to $96 a share, while the class A stock asset value,
increased froih $7.48 to $3,99 a share.
Income
.
Account
-
Interest
Cash
Calendar
Per
—_
security
divs.*
share
Sinking
Years
1942
1941
1940
$21,829
214,278
6,446
$14,487
$16,008
240,463
4,103
6,101
"
249,221
8,469
Total
Interest
income
*
$236,123
$242,553
ment
28,494
•
9,905
*7,314
•
14,251
14,487
23,037
$176,690
32,264
31,429
$168,296
expenses
•After
stock
tax.
—
$175,316
$192,333
deducting
$3,437
prior
■
year's
accrual
.
of
Federal
.
31,358,680
$0.34
$0.70
$4.04
41,310
506,547
ry.
it
is
announced
5,500
50-ton
that
2,548,880
5,361,011
30,852,133
32,641,351
coal
cars
and
on
15
Jan. 25
Mallet
Awarded—
The
company
Bank
•
St.
of
Jan.* 24 awarded to a group headed by the First
Chicago
conditional sales contracts on a 2%
•.
principal members of the group were First National Bank of
Paul, First National Bank & Trust Co. of Minneapolis, Northwestern
Other
capital
on
:490
/ *43,168
*21,682
*2,211
1,528,676
1,352,301
266,869
1,177,721
117,586
67,202
'•■•■ 173,888 ;:
54,183
income—
.295,032
55,590
190,196
v'.;;;
159,"p.
weekly kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
served for the week
ended Jan., 20,
1944, amounted
to
257,815,125 as compared with 233,418,402 for the corresponding week
in
this
1943,
an
increase of 24,396,723 or 10.45%.—V.
159, p. 348.
Conduits National Co., Ltd.—25-Cent Dividend—
A
dividend
stock,
of 25 cents per share/has been declared on the common
$1, payable Feb. 7 to holders of record Jan. 29<f This com¬
par
pares with 15 cents paid on Aug, 9, last, 25 cents on Feb, 1, 1943,
15 cents on Aug, 8, 1942, and 25 cents on Feb. 2, 1942.
Like amounts
were also paid during the years 1941 and 1940.—V.
157, p/ 343.
Connecticut Power* Co.—Dividend Rate Reduced—
The
directors
have
declared
,
quarterly, dividend of 56^ cents per
share on the common stock, par $25, payable March 1 to holders of
record Feb. 15.
Previously, the company made regular quarterly .dis-/
fcributions of 62% cents per share on this issue.—V.T57, p. 2446.
a
Consolidated Edison Co. of New York, Inc.—Output—
The company on Jan, 26 announced that System output bf: electricity
(electricity generated and purchased) for the week ended Jan. 23,
1944, amounted to 226,200,009 kwh., compared with 173,600,000 kwh,
for the corresponding week of 1943, an increase pf 30.3%. Local dis-,
tribution of electricity .amounted to 208,900,000 kwh., compared with/
164,300,000 kwh. for the corresponding week of last year, an increase
of-27.2'%.;
■ * V •
/
' ■ .■
Frederick
H.
Ecker,
been
elected
has
New
York,
solidated
Inc.
Edison
He
a
Trustee—
of
trustee
of
a
was
from
as
Chairman
a
1932
member
until
,
the
Metropolitan
Life
the
Consolidated
Edison
of
his
V. 159, p. 348.
inquired for prices
freight locomotives
Chicago, Burlington & Quincy R.R.—Equipment Issu^.
interest bid.
1940
$96,018-
*25,135
*1,150
Mrv Ecker Returns
company
1941
$112,050
territory
Co.,
this
v
30,155
•
?. :'v
railway—?—
oper.
1942
$156,310
16,012
.
to
hopper
,1,097,928
68,062
1,043,185
Commonwealth & Southern Corp.—Weekly Output—
512,086
of. inc.—
1943
$153,015
v
railway
*Deficit.—V.
other, ap-'
transferable
National
Net income
10,743,446
39,643,584,
33,153,437
:
$4.25
of 2-6-6-6 wheel arrangement.-—V.' 159, p. 211.
$260,574
32,109
15,123
20,107
39,254,906
11,634,006
Makes Inquiries for Coal Cars and Locomotives-
-
*—
Taxes
Other
$272,177
31,650
12,964
25,657
—_
(managecompany)
48,943,692
37,216,148
33,738
common-
on
profit and loss——
on
Compensation
——
and
Balance
$23,727
206,296
earned
income
418,910
946,844
5,954,245.
5,402,321
1,182,432
2,945,929
2,582,618
income-
propriations
1943
dividends
Taxable
for
operating
Net
...
:
from
Net
/
15,168,434 208}512,535 181,809,762
592,001
profits taxes—_
railway' taxes—-
Net
from
Net
.
^
Federal income and ex¬
Capital Administration Co., Ltd.—Annual
8I,980!
6,577,782
v
1943—12 Mos.—1942
"
■
:
1,429,004
From Jan. 1—
Gross
extra
Period Ended Dec. 31—
'
Columbus & Greenville Ry.- ^-Earnings—
1,186,108
/•-?':■'/■
,
'
1940
$625;76f
150,583
-
7,946,471
1.976,666
3,734,582V
2,729,605
'v, .■#,.
.
December—
from
railway-—
Net from, railway—Net ry. oper/ income--?
6,393,622
2,560,039
1,460,293
/'■.
'.'f
.Vvfmr "-4v
10,746,777
3,182,651
Gross
101,666
;
1943
—$5,551,000
—
$656,733
232,583
,
;
1944
^
$722,404
1940
dividend of 20 cents per share and the usual quarterly
dividend of 20 cents per share have been declared on the capital
stock, both payable Feb. l to holders of record Jan. 20. An extra of
like amount was also: paid in February of preceding years.—V. 157,
P. -343.;, ■ ■
■
v
.
■
■:
:;
'.
■
Railway—Earnings—'
;
oper.
Chain ^tore
.An
,
'
—V.
ry.
—V.
.
Week Ended Jan. 14-^
Traffic
from
Net
.
1,736,757
2,028,'629 : 2,100,022
•573,922
*411,595 ?
257,768
*1,249,655
•1,251,168
502,876
'
/',./
railway—1
railway
from
*
*43,042
1941
9,252,447
from
Net
1940
$255,384
47,830
v.■-/?.. v
from
Gross
1941
$109,229
*77,140
*145,625
'
from railway
Net
England—Earnings—
1942
income—.
.
14,192,749
5,168,947.
oper. Income--?
—V, 159, p."5.
-From Jan. 1—
:
Gross
;
railway
oper.
railway™-—'.
132,549
Net ry.
of
>
1942
$793,118
244,006
117,378
railway??-
from
Net
Net
ffom. railway-'—*
-
-
$1,122,867'
$601,877
309,239 '
67,108 '
.249,191 ;::
5,709;
The
1943
December—
1942 v
y
136,386
©per; income;.--,
From Jan. 1—-
.
Central Vermont Ry., Inc.- -Earnings—
taxes
■
$1,226,356
from railway.
Net from
1943
•
railway,--
Net ry.
payable
profits
Canadian National Lines in New
December—
Light Corii.~Liquidation Plan
at
market at par value plus interest, Central States Power &
the open
on
,
"
Court
Light's 5»/2 % 1st mortgage and 1st lien bonds,, due 1953.; Any surplus
will .be applied: as pro rata payments on this bond series.
/
The
plan also extends the maturity date on the company's 5%
debentures from Jan. 1, 1944, to Jan, 1, 1945.—V." 159, p. 348.
and accrued liabilities, $892,772; in¬
accrued, less payments thereon, $1,320,995? first
mortgage debentures,
$3,000,000;
inventory
reserve,
$283,969; $3.40 cumulative "sinking fund convertible preference shares
(174,772 shares, no par), $4,440,101; common shares (734,269 shares,
no
par), $1,201,413; capital surplus, $1,760,412; distributable surplus,
$2,103,556; total, $15,003,219.—V. 158, p, 1031.
V.;
and
District
S.
from •
Gross
the, corporation, seeking enforcement of a -Central States' plan for
liquidation and dissolution. '
"
V :v
Central States Power & Light Corp., a direct subsidiary of Central
States Utilities Corp. and an indirect subsidiary of the Ogden Corp.,
sold its only subsidiary, Missouri Electric Power Co., for $2,400,000.
It now operates electric properties in Northern Iowa and Southern
Minnesota" which it- expects to sell.
""
!
:
Proceeds from the sale of the-Missouri utility will be used to redeem,
1943
investments, including
shares in brewing companies, $1,333,681; accounts and bills receivable
(less,reserve for doubttul accounts), $446,698; stocks of beer, supplies
and containers, $3,500,751; prepaid expenses, $70,656; refundable por¬
tion of excess profits tax, $397,500; deferred charges, including $161,268
balance of discount and expenses in connection with the issue of
debentures, $198,522; fixed assets (less reserves for depreciation of
$3,335,827), $7,199,184; sundry properties and investments, $992,039;
-total, $15,003,219.
'■
come
:v;' ;•
Wilmington, Del., Jan, 6 approved a
Securities and Exchange Commission application made at the request of
and in bank, $864,188;
hand
on
2575.
p.
IT.
The
were
Consolidated Balance
158,
Central §tates Power &
year and debentures in the
2%
:•
*
-,Dec'ember-»-":.-
,
•
—v.
•After refundable portion of excess profits tax of $334,500.
The
Dividend*^
The directors oh Jan. 25 declared an initial quarterly rdividend of;
:;:75 'cents™per Y share oft "the $3 cumul. Ipreferred at«ck;; hq par;' value?
payablerT\Jarch -11* tcf holders of record Eef>.- tl6. ■ For/offering, see,
.
for Federal and Provincial in-
Prov.
notes
$16^758,435} advances; to.1 wholly bwned subsidiary; $1,436,782?
.inventories; $34,423,715? patents,' trade-marks and .goodwill, $1} land..,
$1,845,337
124,083 *buildings,, machinery and equipment (less reserve /for' depreciation' £nd(
^amprtization of $1,123,751), $17,638,222? prepaid Insurance,/taxes, etc.,.
491,805
serves)j
—?Ji.'—$3,388,788
Total 'incomb
Interest
1941
the
board
of
Insurance
trustees
resignation in January,
Co.
of
of
Con-'
1943
—
;
Consolidated Vultee Aircraft Corp.—Renegotiation—
It was announced on Jan. 25 that the revised income account of
this. corporation for the fiscal year ended Nov. 30, 1942,
giving effectfinal renegotiation of contracts and adjustment for Federal income
and excess profits taxes, show a net income after taxes of
$12,551,011.
Net earnings after preferred stock dividends are equal to
$8.86 a share
on
1,385,934 shares of common stock. Of the net income, $5,700,000
,
to
wae provided
as
a reserve for post-war readjustment.
The earnings
are
the combined figures of Consolidated Aircraft
Corp. and Vultee
Aircraft, Inc., which were merged March 18, 1943.—V. 159, p. 348,
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4251
159
directors
the
Jan.
on
declared
26
dividend of 25
a
Detroit Toledo & Ironton
Dividend—
Container Corp. of America—25-Cent
The
December—
share
cents per
payable Feb. 21 to holders of record Feb. 5.
Payments last year were as follows:
Feb. 20, May 20 and Aug. 20,
25 cents each, and, Nov. 20, 75 cents.—V. 158, p. 1529.
on
capital
from
Gross
stock,
Net
ry
railway.
$850,541
income.
.oper.
1941
1940
$707,087
$756,668
301,043
$775,397
369,250
331,670
420,090
169,989
269,290
351,582
261,095
Cornell-Dubilier Electric Corp.—Patefit Suit—
Federal
Judge Marcus B. Campbell Jan.
Net
for
the
plaintiff
in
patent
a
brought
suit
from
Net
ry.
25 rendered a decision hold¬
Corp. of
America, a subsidiary of Cornell-Dubilier Electric Corp., against Micamold
Radio
Corp.
The patent in suit, No. 1,940,847 relates to a
machine for winding electrical condensers.
The patent was held valid
and. infringed.—V. 159, p. 212.
.
ing
Condenser
by
An
extra
15
of
cents
Eaton
.
after
renegotiation.—V.. 158,
Delaware & Hudson Co.
(Includes
income
of
Period End. Dec. 31—
Gross
*;
*Prov.
*——.A"' 16,596,566
U. S.
Govt.. ■ /
13,760,676
for
Canadian
Taxes,
income
taxes* ,
other than
subsidiaries)
.
.:
..
89,100
.'.V,
v
;
" '
% -Net bef. fxd. chgs., etc.
$7,979,420
1 Earnings
—
$6,779,201
—
1 Amort.. of" railroad
de-
$3,631,928
fense
projects—
Deprec.
V
-
on
•••property.:-—
Net
inc.
•,
sh. on 512,135
capital stock*..--
*
No
provision for
income
on
Co.,
of
Hudson
and
Dec.
ended
15,
Dec,
in
Railroad
accordance
1942,
31,
included
1943,
$4.94
to
in
Note—The
tax
the
the
amounts; to
$10,264,873.
Corp.
with
$12.82.
...
subsidiaries
and
plan
above
of
debt
figures
$6,090,934
"
amounts
$19.09
and
for
for
of
adjustments included
r.
.
year. 1943
.
1943
•
1942 »,
1.
-
v
1941
•
513,248
1,056,994
707,632
665,978
from
from
Net
ry.
—V.
railway***—; '13,597,027
oper; income—_
159,
;
-15,716,185",
11,132,460
10,423,919
$2.65
$3.08
/
,
and
$4.48
:
"
' '
'
acceptances
assets*
and
Gross
from
railway***
from
railway
ry. oper! income***
Net
Net
1943
,
1942
y
$6,634,293
%
■
1941
.
$250,403
%721,463
receiv,^:778,265":
1,817,415
±1
>*
14,487
reserve)_**_***:
"
.
excess
$6,373,311
$5, ,568,770*
2,175,048
2,198,254
1,239,469
:% 838,414
'
978
Gross
no
§After
3,879
30,007
Net
from
railway
railway
oper. income—
81,380,395
ry.
—V.
159,
72,544,985
61, 111.361
25,371,333
24,080,351
17, 779,590
11,181,280
11,648,816
A
be
1,922,629
dividend
<<,*<,
**!„
'■ 66,191
—V.
158,
■v.
$1,200,000
for
loss
of
50
cents
of
282,334
$17,090.
349,355
1,
cents;
112,468
68,437
117,145
; 471,100
'200,000
jAfter U.
has been
June
1,
Arrearages as at Dec. 1,
in
the
company's
Total
December—.:."1>)?i;
Gross
1941
Gross
$589,950
$582,938
Net
1940
$473,179
248,223
192.269
12,441
10,870
1943 %
S.
Treasury
$850,614
$786,078
25,519
18,894
14,656
from
ry.
railway
$1;
declared
and
expenses—236,678
Maintenance expenses** 74,007
Provision
for deprecia-
213,021
Operation
and
'
amortization
138,806
Int.
1st
on
Interest
J
U.
for
Prov.
2,513
land
on
S.
&
inc.
Canada
of
con-
Dom.
■
for
20,000
81,300-
•
income—
oper.
account
on
66,152
From
Net
Dividends*
$54,038
income-—:*—
ry.
Sept.
1
' '
'
/
Consolidated
the
Assets--Tangible
in
securities
and
Light Corp.
■
:
>
Sheet,
Oct.
/
,
-v.V
31,
•
■'
1943
1
•
___**_—_*
13,538,630
(&
Subs.)—Earnings—
1943—12 Mos.—1942
$
$
34,212,908 148,325,509
11,656,352
50,547,591
1,673,972
45,995,688
20,506,993
13,574,998
defd.
;
139,306,887
7,377,798
3,649,007
3,437,479
6,615,513
17,403,710
13,532,467
.
mainte-
reserve*.
res.
250,000
•
250,000
approp.—
5,511,562
5,785,022
23,380,045
22,508,173
revenues*—
7,269,884
8,011,076
32,688,084
33,251,336
7,251,134
8,011,076
32,669,334
(net)—*
31,354
31,405
427,766
372,357
income*——.
7,282,488
8,042,481
33,097,100
33,623,693
3,238,888
3,545,679
13,897,142
14,512,419
4,043,600
4,496,802
19,199,958
19,111,274
oper.
lease
of
plants
18,750
income
income
and
A
to
other
Balance
"Pref.
18,750
33,251,336
public
deductions
,
**_*„**——*
divs.
to
public***
1,905,016
1,972,816
7,820,349
2,138,584
2,523,986
11,379,609,
79,673
97,846
326,212
371,756
2,058,911
2,426,140
11,053,397
10,848,252
2,426,140
11,053,397
:
1,269
10,848,252
2,059,365
2,426,140
11,054,666
10,848,873
—3,343
taxes.
22,952
Expenses
154,946
4,771
37,741
19,360
74,124
555,507
369,762
387,147
1,507,515
1,558,324
.
offices
He
after
will
Balance
Portion
Feb.
applic.
nority
be
1.—
Net
7,891,266
11,220,008
mi¬
to
corpo-
ration in inc. of subs.
Power
&
Light V.
:Corp.—
1,083,173
"1,639,821
*1,071,713
Net
43,880,824
36,532,418
equity
Other
23,526,389
17,246,294
14,311,352
11,715,929
-y'.
2,058,911
454
^*_
:•
taxes,
other
—
directors
1
to
have
"A"
other
taxes
deducts.*
373,896
income*.
on
%
made
on
of
Feb.
:
1942
$315,806" :
"J
10,000
8,000
72,600
59,683
1,494,223
1940
1941
surplus
Balance,
1,943,967
8,889,527
8,809,109
*Full
requirements
41,167
67,016
earned
43,810
8,478
40,025
(Net credit after adjustment of $20,833 overprovislon for Federal
capital stock tax applicable to the 10 months ended Oct. 31, 1942.
2,806,406
2,095,757
1,689,986
1,537,948
884,883
>
.
556,928
361,527
338,381
395,871'
170,943
•32,423
34,584
1
.•
::
$171,563
dividend
$157,933
72,930
v.
Comparative
Statement
Period End. Oct. 31—
■%:
(N. C.)—Larger Distribution—
of
common
a
dividend
"B"
Jan.
1943, and
stocks,
21.
on
of
25
no
par
cents
per
share on
value, both payable
Distributions• of
March 2,
1942.—V
10
cents
155,
p.
636.
Total
-
,
■
taxes
the
$80,656; cash in banks and on hand, $314,525;„ amount de¬
posited with paying agent for payment of dividends on unexchanged
commoh " stock, per contra, $4,373; miscellaneous accounts receivable,;$U.082r total, $7,899,547.
.;.
'
:
.7' %/;
j •
common
Similar
>
stock,
payable
distributions
"
2044.
p.
!
were
made
on
Aug.
5 and
share
int.
Jan.
28.
Prov.
,
$659,976
621
$3,677,931
$3,101,906
8,131
3,348
*8,224
32,635
22,952
4,771
37,741
19,360
74,124
555,507
369,762
364,725
377,671
1,470,488
1,520,131
deducts.——
of
for
$3,101,285
1,269
—
154,946
debt
6
disct.
and exp. on debentures
Fed.
taxes
38,187
9,171
9,476
37,027
10,000
8,000
72,600
59,683
$101,940
$177,803
$1,512,792
$1,062,142
on
'
12, last.—V.. 158,
Nov.
>v.
Only)
1943—12 Mos.—1942
$3,676,662
debentures
on
on
/
******
—
Other
a dividend of 12(4 cents per
Feb.
11
to
holders of
record
whether
than
inc.*—
on
taxes***********
Expenses
Eastern Corp.—Common Dividend No. 3—
^The directors have declared
"
property,
$6,600,366;
intangibles,: $491,446*;,: cash
$397,098;
prepaid expenses and deferred
other
taxes,
Fed.
Other
(Company
$659,976
$667,082
Fed.
each
respective periods
Income
$666,628
454
/
to
1943—3 Mos.—1942
inc.—From subs.*
Gross
applicable
unearned.
or
Amort,
Canada,
32,635
$196,557
179,134 %-
record
1,
(8,224
& Pacific Ry.- •Earnings—
declared
and
holders
8,131
.
——«
Int. and
621
than
income
Other
.y'
■
(as above)**
income
Total.
27,554,684
27,477,475
9,174,633
-
.
-V''•*■
6.
of
equity
% "718,972
1943
oper/ income—*
p.
interests—*:*
Electric
Earnings—
-
,
been
1,979,109
Interest
■.
/
has
1943—3 Mos,'—1942
36,281,140
interest-
iNet
'r
share.
"800,646
9,531,111
'
159, p. 6.
railway****.;
common
Feb,
-
,r
"
.
Balance
York
4,592,562
Gross
"$9,432
95,734
paid——*—
/ *LOSS.
New
—*„
Operating
1,
"1,313,987
railway*****/
159,
The
■
..
'*>' 4 $11,617
;■
- ■
3,139,393
Rent for
of
and. Dec,
per
of
$
revenues
for
Net
1940
Durham Hosiery Mills
-
'
•;
from
Net
—v.
1
•48,843
$42,583
/
*_**—**:/
pletion
$lo8,778
railway***.:
railway*—***
from
were
*
Co,
taxes
/ nance
pay¬
1941
oper/income—127,219
January 1—
:
/
v
Net
29,666
¥6 ,2 0 4
-
42,973
tax,
were
$662,763
from
from
Net. ry.
V
3,054
v
contingencies*
"
Other
78,283
deductions***:*—
Prov.
18,203^
10,000
ac¬
$2,128;
stock
Prop, retirement and de-
:
1942
-
.
taxes*
Misc.
98,938
;
interest
sold,
taxes*—*_—***
Other
$456,047
:
■
payable
tract
,
135,850
96,548
Net
167,156
136,786
87,280
bonds
mtge,
163,098
132,515
84,970
,Taxes .v—-—^_*L*__**;..
Gross
211,001
160,719
$17,013;
securities
trustee
Prov.
Fed.
Gross
157,090
the
Stdt'k^
sinking
Fed.
Duluth Winnipeg
12,095
213,249
53,411.
68,097
.
tion
Center
-
•41,785,459
21,736,479
railway**.*:*:
"Deficit.—V.
$701,761
-
basis
a
for
capital
appointed
Maintenance
tax
754,423
railway***
railway**
from
Net
15,495
$897,930
cur,
from
%ri
Guaranty Trust
Other
213,086
14,788
(net)
Can.
on
liability
Federal
1943
receivable,
receivable
tax
paying agent for $3,500,000 principal amount of 15-yr. 5%
Federal
$4,836,328
$771,680
17883,711
from
from
Net
Subs.)—Earnings-
revenues*
gross
on
2196.
p.
Operation
1,202,653
1943, amounted to $6
Rockefeller
.December—
Disc,
Sheet, Dec. 31,
dividends
accounts
Electric Power &
;
51.891.975
1942
^
173,963
determined
are
income
receivable
289, v,,-: y'-V
p.
$295,014;
$22,983;
Operating
55,799
of
50
Federal
Subsidiaries-
124,953
■
cumulative- preferred stock;; ..par $50;
record Feb. 7.
Payments1 last year
holders
March
share
per
5%
jthe
on
securities
no
31, 1941 and 1942.
flncludes
and Federal documentary tax, $276.
Period End. Oct. 31—
Duluth Missabe & Iron Range Ry.
.4' '
393,082
•
of
was
ended Dec.
158,
$500,000
132, p. 1040.
:
857,647'
$490,062
revenues
sales
on
(There
15, 1959, and has also* been appointed warrant
agent for stock purchase warrants attached thereto.—V. 159, p. 349.
,,
Douglas M. Black has been elected First Vice-President.
located
1943
hire———..—
coadh
196,242
losses
cost.
"
;
Bus passengers and spec.
Non-oper.
293,423
_*——*
and
average
The
of
ry, oper, income*** •
From Jan. 1—; / .y/ 'y';'"
revenue—Tolls—
$136,747
1,349
and
57,709
*
Net
Detroit & Canada Tunnel Corp: (&
15,936
$195,815
$135,398
133,870
$4,836,328
and payroll taxes
taxes, & royalties—
(estimated_
taxes
1* to
March
follows:
as
12,467,897
6,736,038
10, 125,797
29,032
$188,789
fund debentures due Jan.
applied in payment of $351,025.—V.'157, p. 440.
50 cents each.
348.
p.
Years Ended Oct. 31—
Gross
•
104,720
$343,726
See (
»
6,600
1,927,416
—,**_**!
—*
reserve
accumulations
'
'.V
from
Net
'
22,167
$120,811
$195,815
1,173
Dominion-Scottish Investments, Ltd.—Accrued Div.
1940
*.
30,863
$166,783
Elastic Stop Nut Corp. of America—Trustee—
1,337,312
:'
:
1:
28,167
$187,223
1,567
See t
V.
$27,500 in 1942 and 1943.
(Less reserves for de¬
of $915,296 in 1942 and $1,084,376 in 1943.
(Outstanding
par shares in 1942 and 1943 and 80,159 no par shares in
80,176
$4,505,707
1, 579,660
1,146,812
'
From Jan. 1—
V
34,686
$239,006
$188,789
1,872,472
1,393
profits tax
equipment—
commissions
reserve
1941.
5,ol9,268
•
inc.
5
Liabilities—Accounts
payable
for
securities
purchased,
$41,978;
accounts payable
(miscellaneous), $977; accrued tax liability, $3,750;
capital stock ($1 par), $323,911; paid-in surplus, $5,519,335; earned
surplus, $106,066; unrealized appreciation, $590,926; total, $6,588,942.—
'
1942
919,075
preciation
-7,831 850
'
$142,978
*
(less
of
'
v
;
Doubleday, Doran & Co.—Elects 1st Vice-President—
y;
•
$197,648
$215,389
(miscellaneous), $924; deferred capital
$1,875; marketable securities, $6,247,007; total, $6,586,942.
•"'>
December—
25,075
*_**—•
—
(4,026
accounts
$6,600' in 1942.
State & local
income
■"Less
26,775,310
Delaware Lackawanna & Western RR.- -Earnings— r
1940
$117,897
43,144
$339,700
crued,
5
6.
p.
1941
$154,503
39,504
$273,691
profit-
Assets—Cash,
100,200
1,013,240
$2,322,901
34,170,49311,402,697
8,497,736
State
-"Gains
$358,986
•
1,030,932
able
railway^ ■ 48,150,134r'<45,642,213
100,222
Total-—*—_—***_!*_***——**_*.**__*—; $5,117,048
471,258
Net
$246,777
100,221
1,013,243
637,597
1,646,337
1,397,103
From Jan. 1—"Vv-..1'••
.
$2,980,003
and
tax, $3,750,
100,000
Earned, surplus
1940'
r■-
••
:$3,819,957
inc.
and
years
.200,000
1,202,642
in
$3,783,365
Gross
$212,078
;■
to
wages,
notes to
V
1942
tax
of
Crl,957
$480,891'
other
plant,
Delaware & Hudson RR.—Earningsrailway—1
Net from railway
Net ry. oper. income***'
and
Years Ended Dec. 81
$175,885
....
—*—_
Dividends paid
71,100
'
1,460
'
100,000
—„_
.
from
315,800
j-';
A156
...
*
regulations, and the amount shown should not.be considered as a final
amount nor presently available for fixed
charges.—^V. 158, p. 1730.
December—
Fed,
.151,900
Reserve for post-war adjustments—
(Capital stock.
.1
Capital surplus--a*
___**_—_
.
the above figures are based
on
estimates and are subject to change.
The delayed income credits
shown above must be credited
to income under1 the "ICC accounting
Gross
income..
Total
8
Federal
the
was
$6,540,237, equal to $20.19
outstanding.
This compares with
31,' 1942, equal to $16.31 on 246,954
79,486
"•Prof, from sale of sees.
$680,029
•
148,700
210,330
..
(less reserve)—*—
,' Accrued Fed.
adjustment
the quarter
the
$812,737
'
124,470
$5,117,048
Salaries,
■'''
,
Nt
..
62,848
bank—:
Accounts and dividends payable—
,
profits taxes.
(Adjustments of U. S. Govt,
$The net income of Delaware and Hudson
years.
determined
dated
$10.18
.
excess
prior
Delaware
'latter,
.
1943,
'
Income'——A*—
Expenses **._**_**_*.*'
•
for
accounts, notes and
payable
In-
Net, inc. and profits—
capital stock
on
Liabilities—;
V
;
82,576
,a
Total
Notes
Value
$194,206
,
_**_—**—:*.
Total
95,986
1943 '
Deferred charges
■:i.
Asset
.
Miscellaneous—*—
$742,877
—
tProperiy,
$6,565,068
""
'v."
'
$$9,775,708
37,849
$895,313
$5.46,722
;
surplus**-
Estimated post-war refund
,
$2,530,077
$646,891
Traveling advances, ^ employees', accounts, etc.—
,
Fund
then
Dec.
on
.
Interest
153,638
a;$857,464
'32,379
..
($5,217,217
note)*-
per
shs.
':
(see
hi'«»'"• •'
190,983
•
Comparative Balance Sheet, Oct. 31
§Investments
;>,
Earn,
to
Sundry stocks and bonds
•
—
share
;
Inventories
'< /'
Kr';
*',//
1
'131,307473,547
Other deprec. and depl. %-•
"r%\Cj-Vv ■ /V v-l-%-' :• ' %;■
Charges
611,140
700,238
2,793,633
" 2,866,511
:.
i.
$684,387
•'
V
provided
or
'
'Trade
•
7 :%•'•'•'>''•
2,510.470
1,206,274
401,613"
819,537
V-
railroad fixed
;
%'
242,317
175,812
;
adjustments
transferred
per
somewhat
Assurance
year-end, 31.1% of the Fund was invested in bonds,
including
in short and
medium-term
U.
S.
Governments, 30.9%
was
in preferred stocks, 33.5% in common
stocks, and 4.49% was
Income—dividends.*
549,995
.
137,665
post-war
paid
amounting to
Mutual Life
1943
3,324,985
$1,541,512
Assets—
Cash
$15,553,358 $10,637,853
''-v
;
'
31,
shares
Income Account,
'
%■'''■
■v
Balance
323,911
$4,027,924
uninvested.-
625,174
.
$652,008
°Less post-war rebate of $23,370 in 1943
V
vn.'
4,064,876 % 3,852,494
$4,983,383 $20,699,883 .$15,896,334
1,351,455
5,146,525
,/5,258,481
1,200,219
Dec.
on
Balance
Balance
•
: Fixed charges-*;——
Balanced
'
tax—
profits
Dividends
•■233,642
.
the
of
$4,866,498
$1,900,768
192,177
i—.-.—A
**
-'
•?'**;-/'.-'jJ81,318
Howard
■
5,038,055
.
.270,704
.-
'
for
mortgage
Connecticut
by
At the
10.6%
1941
,
623,056
tax:
Provision
.
of
assets
invested
31
1942
$1,737,946
V
Adjustment for prior years' taxes::
2,567,020
.V
946,941
,
Oct.
7,006,724
depreciation*
income
"Excess
.
I*— Cr2,722,678 ;
on.income—1,027,145
**—":
profit before depreciation..
profits
C.;.
&
first
a
held
1843.
p.
asset, value
each
net
,
■
53,131,819
—.
Ended
1943 '■
.
Profit .before income .taxes and
';/■
special charges
Normal and declared value excess
.V;.
Cr366,219
25,554
taxes
59,787,495
•,//%..
oh income*;::* Cr2,627,513 r
(Delayed income credits Cr2,722,678
/
Other deductions
.
1943—12 Mos%-1942
.
Years
.
Gross
$20,278,494 $19,413,881 $82,110,894 $75,681,309
taxes
1
and
1943—3 Mos.—1942
•
*—*•—_
Expenses
Co.
for
..
(& Subs.)—Earnings:—;
Hudson .Coal
for
Operating profit
Other income and credits*****:
.
2043.
p.
Account
'•'%:%
for
157,
shares.
'l/
of $4,250,000 which after adjustment of Federal income and
profits taxes effected a net reduction of $861,676 in earnings
for 1942.
The net profit for 1942 was originally reported as $4,824,603,
subject to renegotiation, and the adjustment has the effect of reducing
$3,962,927
2,293,963
——_—$8,744,670
$6,938,823
products sold (excl. of de-V.
.' •"
•••':-'..v.
of
Gross
excess
to
3,019,404
Selling .-expense
Administrative expense
company
amount
4,513,324
2,158,996
■V
company announces that it has completed"'renegotiation" of its
business of 1942.
The proceedings resulted in a refund
by the
that
3,624,902
2,458,734
preciation)
The
war
4,213,219
....
Net
6.
p.
Provision
Crane Co., Chicago—Completes Renegotiation—
.*_
7,540,197
3,596,583
sales
Cost
,
.
8,771,438
'*
Net
L
share
per
8,368,864
r
income
and the usual quarterly
dividend of 30 cents per share have been declared on the common
stock, no par value, both payable Feb. 15 to holders of record Jan. 31.
An extra distribution of 15 cents per share was paid on this issue on
Feb. 15, last, and on Feb. .14, 1942.—V. 157, p. 439.
dividend
income.
9,418,104
—
Dodge Manufacturing Corp.—Annual Report■;
Cosmos Imperial Mills, Ltd.—Extra Payment—
railway—7.
oper.
—Vv 159,
of
$1,000,000
creases-
railway.
from
amortization
than
Society.—V,
From Jan. 1—
Gross,
hasten
more
1942
-
railway***.
from
Net
to
RR.—Earnings—
1943
.
445
'income : **——*——*'
:,/:•/■:
charges,
.
Net
;
stork
Liabilities—Common
5%
bonds,
(125,701
due Nov.
1,
par
no
bank
installments
(less
income, $19,783;
reserve
for
reserves
due
159,
p.
within one
$128,020;
.
shares),
$4,608,064;
and amortization, $1,083,535;
earned
surplus,
$239,173;
total,
213.
"
Detroit & Mackinac Ry.—Earnings
'
December—
Gross
~
"
1943
from
railway
railway**_—
oper, income—
Net
from-
Net
ry.
1942
$71,605
$111,015
*88,077
46,586
1941
$92,239
39,974
1940
$64,835
10,738
*92,221
35,384
30,398
2,006
railway***
railway
975,711
1,189,479
845,559
849,681
43.061
461,164
202,266
226,052
income
*56,742
341,918
105,935
130,639
From Jan. 1—
Gross
from
Net
from
Net
ry.
oper.
"Deficit.—V.
159,
p.
6.
,
•
..
," .'
■,
•
'..\ *.
:
'
.jv,
../-
■.'
Operating subsidiaries
,
of:
Light Co.—
193,317
170,084
98,937
84,184
102,670
94,741
'
23,233
14,753
,
,
13.7
'
7,929
8.4
figures do not include the system inputs of any' companies
appearing in both periods.—V. 159, p. 349.
Eight Seventy Seventh Avenue Corp. (Hotel Park Cen¬
tral)—Additional Payment to Bondholders—
corporation'on
Jan.
20
authorized
payment of l'/4% on its
general income 4V2S, due 1957.
This disbursement,
payable Feb. 1,
will be applied
against accumulations of unpaid interest on the issue,
and is in addition to the
regular semi-annual payment of 2(4 % on
account of fixed jnterest
requirements of the bonds.
Last August a
similar disbursement was
paid.
The present extra disbursement
sents
40%
of
repre¬
the
p.
available
net
tax
adjustment
applicable to
350.'
^
of
the
overprovision
$20,833
10
months
ended
for
Oct.
31,
Federal
1942.—•
/ V
Elgin Joliet & Eastern Ry-.- -Earnings—
'
from
income.
The
remaining 60%
Net
from
Net
ry.
From
is
going
Gross
1941
1942
1943
DecemberGross
17.5
The above
This
stock
V. -159,
.
Power & Light Co.*:*—
Electric Power &
Light Corp.—
National Power &
not
after
credit
capital
,
.
•" —Thousands of Kilowatt-Hours-A
'
•'%V;'
—Increase^-A •
1944
•
1943
J
Amount V % '
"•
•
American
'
*Net
For the week ended Jan. 20, 1944, the System inputs of client oper¬
ating companies of Ebasco Services, Inc., which are subsidiaries of
American
Power &
Light Co., Electric Power & Light Corp.
and
National Power &
Light Co., as compared'with the corresponding week
during 1943 were as follows.;
• J
'
first
year,
for depreciation
contingencies,
$7,899.547.—V.
1966V
$1,657,700;
note payable to
included in current lia¬
bilities of $30,000), $45,000; current installments of note payable to
'-bank,' $30;000; accounts payable and accrued payroll, $20,314/ general
taxes accrued, $1,479; U. S; and Dom. of Canada income taxes accrued,
$60,984; accrued interest on note payable to bank, $406; dividends
payable, per contra, $4,373; other current liabilities, $716; deferred
-mortgage
Ebasco Services,-Inc.—Weekly Input—
%;
;
.
income——
1940
$2,852,890
$2,772,899
$2,657,830
$2,280,001
*559,116
railway——
792,110
769,641
998,327
railway**——
143,378
1,036,058
railway—
32,849,841
33,716,298
29,387,656
railway******
7,763,573
11,931,754
11,577,631
8,351,486
income
1,946,923
3,681,119
5,541,975
4,884,588
oper.
income—
211,325'
590,971
January 1—
from
Net
from
Net
ry.
oper.
"Deficit.—V.
j.
22,138,090
159, p. 214.
Emerson Radio
&
Phonograph Corp.-—V-T Loan-
Benjamin Abrams, President, announced Jan. 24 that the company
has negotiated a revolving credit knowm as a V-T loan, in the amount
of
$6,000,000
Bankr jointly.
ing
capital
in
with
the
Chase
Th? purpose of
connection
with
National
Bank
the loan is
increased
to
and
the
National "City
provide additional work¬
wartime
activities
and
also
to provide working capital at the time of termination of Government
contracts, which will enable the company to pay its suppliers promptly
without
waiting for
a
settlement by the Government.—V.
158, p. 2579.
THE COMMERCIAL & FINANCIAL CHRONICLE
446
on
,
directors
accumulations
of
account
declared
20
Jan.
on
$3
the
on
to
of 75 cents per share
convertible preferred stock,
The
were
of record Feb. 14.
Payments
$1.50; and Sept. 1 and Dec. 1, 75
to holders
1
follows:
as
June
1,
Income
facilities
is expected
■
of
tracts.
>
An
1942
sales
19,655,209
1944,
shall
1943
Net
from
Net
ry.
3,802,154
1,701,288
2,395,690
2,479,811
railway-,—
income—
oper.
1940
1941
Gross
$9,038,592
$7,689,324
1,849,706
2,331,920
869,332%- 1,288,028
$12,664,436 $11,146,473
railway.,-.
Sell.
Comparative
3,585,486
of
Cost'
from
Net
from
Net
ry.
—V.
158,
$5,538,871
63,626
405,139
$7,125,447
$1,626,818
14,265
$5,602,497
$7,166,158
$1,641,083
79,194
An¬
income
74,240
other deductions
;. Vol.
of
excess
to
payment
U.
.
prof,
taxes
6,530
;
$335,688
22,788
;
S.
$108,625
$104,691
68,399
712,746
6,280
13,391
Crl90,529
■——-r —
U.
revenues..
oper.
Non-oper.
$29,444
$16,620
uietj--
1,959
17,005
!
$30,357
$18,580
$166,436
$206,948
inc.
.
—————-
""Approp.
6,333
6,333
76,000
$24,024
$12,247
$130,948
Interest
charges--.
379
544
3;303
63,000
$1,414,453
$733,295
;.i
300,000
;v-, 200,000
200,000
for
divs.i...
Bal:
6.019
$758,303
v
divs.
surplus—_J.
$235,404
$127,645
$133,915
105,889
$11,702
$23,645
income
Net
per
..
36,076
302,949
88,512
;':•
358,932
$430,070
Plant
share-
com.
deposits————. v*
'receivable
Accounts
Materials
and
Vv
V
215,254
■
i!$4.68
$4,605,877
$4,573,681
$1,654,525
$1,654,525
stock-
975,610
975,610
—-
225,000
payable-—-——
Premium
Notes
29,671
capital
on
——
payable
Accounts
Consumers'
2,710
liabilities
extensions-
4,426
Unadjusted credits
:
Earned surplus——*.
53,813
673
568,441
651,418
Total
for
~
•
4~33.2
from
product
guarantee
facilities
income
$565,746;
Operating
charges
$2,018,328
income
,
Operating
48,827
Income 'charges
$2,349,709
630,459
131,112
135,919
258,833
278,584
$240,264
$364,113
$522,839
212,108
.
604,934
_t—'it
Income
;
taxes
103,314
^
profit
,
161,729
Divs.
on
Divs,
on
pfd.,
pfd.,
Dividends
$136,950
;
series
series
$202,384
During
B
paid
was
appropriated
debts of $314,890),
notes
receivable
:
$467,750
,
Gross
65,277
18,750
173,565
Net
18,750
•
223,155
ture and
♦$13,194
$28,357;
$3,550
$36,594
;
purchase
ture bond
$45,375;
contra
due
payable Jan.
thrift
July 1,
taxes estimated
July
1,
reserve
for
reserve
net
$212,108;
$3,200,000:
redemntion,
V.
153,
earned,
1944; $141,193; notes payable,
$445,449; employee deposits for
sinking fund payment, deben¬
(less—
dividend1of 25
a
record Jan.
10-year 2%%
investment
($3,500,000)
certificates
of $1,415,337),
contra,
surplus,
$1,795,323;
Screw
♦Net
profit
total
share
per
of $1
^Earnings
♦After
iOn
V.
per
Total
161,465
158,
p.
after
interest
of
and
of
reserve
shares
(after
to
renegotiation; adjustment
for applicable Federal
for
credit
in¬
les^minority interest of $975 thereon.
Balance
:-■
Sheet,
Oct,
'K
31
•:
hand
on.
;
■
'
bonds——————
less
/
'
1943
1942 %..
$6,111,406
;
-
receivable,
advances
less
$3,401,403
853,005
.
25,000
reserves"-;—
Canadian
to
3,700,332
3.474.150
subs,
not
8,966,856
'
used
' f
•%—r• 199,415
investments
'it
,* ■
36,120
in
operations/ less
146,618
•
»
reserves
and
219,376
-
36,2"t2
"" 41,694
31,400
reserves
of
47,800
.
land
for
391,129
-
2,044,656
128,788
65,429
'li
dividend
$3,,000,000
.2.,276,693
1,509.067
payable-;I_'i:
1 ,923,20.9
■'
100,000
etc.;;_A%z%.
wages,'salaries, interest,
general taxes.——
508,871
194,330;
170,737
Long
liabilities—
term
" 75.000
Capital
45,000
550,006
9\
,
■
v;:.;-;;'V
^! •;^1 %;1
1,000,000
.1,658,420
800,000
.3.822,024
'
-
26,814
,440,006
$10i——
surplus
surplus
Earned
>
.
145,000
'
and
5(/c, cumulative preferred stock", (par
Common stock
(par $1)
••
,2871757
x
contingency ;reserveL;;—%i—.iir:v; 1,100,000
Minority stockholders' interest in subsid,1 Consol. "
23,505
t
;
and estimated
tax
renegotiation; reserves,.'.—6,220,565
installments of long term liabilities
''
45,000
Postwar
—•—li
995,585
,;
& excess profits
income
;
2,143,890 '
Ciiv
Current
share,
'
$5,400,000
contracts_;_.
on
stock
Accrued
Fed.
.
payable ■"
Accrued
1
cents per
:
31.
$24,287,385 $19,817,173
^:f\^
'■
payable to banks—
Advances
Accounts
certain
.
_i——;
Liabilities—
per
3 ,784,678
858,420
—*r-*-
-—-—•—
$1,379,953
$1,058,445
439,996
306,173
railway—
railway——
15,691,278
10,937,441
7,650,690
4,929,908
income-—
3,972,146
3,637,525
/
Results for 1943—
The
'
$476,589
363,062
•
6,711,910
5,878,382
2,107,588
1,675,546
1,228,082
/( The
>59,299
844,699
120.893
in
Bassett,
A.
response
22,
June
>
1
Federal
$100,000
stock.
common
and
post-war
sale
of
of
of
as
>.
President,
in
states
Report—
;
;
part:..;.-\'\4vf/-.-;r.;a'^
•*•
liSubject
to
.
for
July 17,
to
)
[
Funds used for
and
retirement
stock
limited
are
to
surplus
profits
would
128,000
5% cumulative preferred stock.
stock,, underwritten by-a- syn¬
shares- of
bankers/furnished
the
balance.
current
,
1943.
■
-
...
,
After
*
.
.
"to
War
'
to
been
tember.
or
marekt
excess of,
in
reduction
amounted
•
in
,
to
claim
resulting
to
amounted
value
of
owned
bonds
on
reinsured
company
amounted
;
-"
$165,717,833
and.
from
;•
liens
of
f
.
i".
$749,893,236 and payments to
beneficiaries'" during the year
other
and
bringing
credited
company
the value at which they
the
of
resources
-
force
Claims
,
total
families
$14,303,126,
paid
1933.
in
their
of. the
that the company proposed to
Government securities during the
statement, it was said.
,
insurance
amounted
has
bonds
The
Drive.
Loan
31; 1943,-
$134,705,436.
policyholders,
•.
and
stated
$1,370,408.05 in
was
the company's
Dec.
on
Total
,
Head
distributing;.$4,089,000
policies
.> :
V
Fourth
carried in
are
total-cash
Mr.
additional $5,000,000 of
an
by the ,company
approximately,-$1,000,000'of.
General funds of the company
redemption became legally effective
The
$6,721,879.48,
purchase
policy
war
were
the
amount
payments
which '
since
Sep¬
numerous
more
than
in 1942, Mr. Head indicated, but- nevertheless represented a
providing f<$r the refund of certain profits from war
relatively'
small percentage of all claims paid.
Excess special reserves are being
production contracts.
Since the earnings , of Gar Wood Industries,set up,-it was indicated, to-absorb anticipated, increased war
Inc., .are subject .to high excess profits tax rates, the'.,amount of the
mortality.
Stanley M. Richman,. formerly Second-Vice-President;, was elected
proposed refund is offset to a large degree by a decrease in,the reserve
Vice-President; Frank. P. Aschemeyer, Assistant Counsel, was designated
provided for excess profits taxes.
Therefore, based on this tentative'
5-Assistant General Counsel;; Edward L. Faith'and Harry M. Sarasoh,"'
agreement, the net reduction of working capital resulting thexelrom
t
Assistant Actuaries,
were
elected Associate Actuaries/ and Elizabeth
approximates $250,000.
In the financial statements submitted in this
Colliver was promoted to the office of Assistant Actuary.—V. 159, p. 216;.
annual report provision is made for a liability' in that amount to the
and the
company
-
renegotiation.—
.
mutualization
$47,126,194.58.
to
200,000 shares of common
Renegotiation
$1.93
-
$270)000 out of 1943
of the company's stock
which results in increasing thb
71.75% of Jhe original outstanding
4,500. shares
stated,
Direct obligations of the United States Government held by General1
American Life at. the year-end amounted to $30,179,174,97, an increase
of $8,336,366.04 Over 1942.
With cash, totaling- $10,225,140.13 and other
bonds
(
profits of the company and its domestic subsidiary for the
fiscal year 1942 have been reviewed by the Price Adjustment Board.A renegotiation agreement pursuant to
the War Profits Control-Act.
lias
been
tentatively reached between the - Government departments
contingencies.
1131.
as
which,
had the mutualization plan not been
ordinarily have been available for dividends to stock¬
holders.
Policyholders of the company now elect a majority of the
members of the board of directors, -Mr.Head- 'indicated^' ='■•
to the urgent request of many stockholders, .the directors
elected to redeem, at par plus-accrued dividends, the
investment
used
were
profits
excess
$2,405,804.16,
'•■
policyholders.
the funds required for this redemption.
■
$312,540
$1.93
income
for
in
to
appropriated
company
additional
Mr.. Head
:
adopted,
1943
outstanding
The
dicate
$20,272,352.—-
t $311,317
retired
the
an
amounted
an increase of
10.9%; Walter W.
the company's recent annual meeting.,%'t
1942,
involves
;•%
Gair Co.—Renegotiation Completed—
of
1943
year
in
The mutualization plan provides for the retirement of all stock and
the- transfer
of
company
ownership from stockholders to
>
company
entire
reserve
1941
directors
stock.
the
announced at
mutualization,
stock
•
for
$2,167,793.68
'"'earnings to retire
.j---;;'..
.
earnings
to
Head, President,
;*
292,916
net
compared
-(•
1940
$793,343
406,689
297,565
income;^'
General American Life Insurance Co., St; Louis, Mo.—
m
"'-rV-F.-
1941
$24,287,385 $19,817,173
^
-
.
f-V. 158; p. 1857.
of 25%cents per share
per share during that
share in 1942.—V. ; 158,
1942
Total
i
paid by. the com-
were
proceedings
In
on
debenture
■1942
1I$295,696
share—$1.83
common
tAlso
1943
—
depreciation,
taxes,
1942
:10,847,011
and deferred charges-—„
124,576
not
Common
Ry.—Earnings—:,
'■/•
1943
.
railway———.
oper.
Glen
Works—Earnings—
Sept. 30—
——
estimated
for
31,
accourtts.—216,405
refund
and
Notes
The
Federal
transferred
.
issued, ' contra
$3,966,236;
total,
cents
a
;
9 Months Ended
profit
—
,
$123,551;: Reserve
Gar Wood Industries, Inc.—Annual
debenture bond,
2045.
p.
net
.
tangible assets
contingencies, $40,010; preferred stock,-series A, $1,740,710; pre¬
ferred stock, series B, $500,000; common stock, $909,149;
capital sur¬
$2,896,006;
of
has recently settled its war contract price renegotia¬
for the period April 1, 1942, to Dec, 31,'1942.
The
In
commenting, upon 1943 earnings, he stated that,,; despite large
company agreed to reduce sales prices in these renegotiated contracts
purchases of Government bonds, the company maintained" the net
by $100,000, and offsetting tax credits aggregating $81,900 have, been
average yield
on
its mean" ledger assets during 1943 of 4.37% ; as
agreed upon with the Treasury Department.The net amount of
/.compared to 4.39% in 1942. '• "This excellent record," Mr.'Head said,'.$18,100 due the Government was charged against the reserve for, war-/
'"was due in large-measure to the'exceptionally fine return realized in,
time contihgencies-provided for in the company's accounts for the
y.the real estate account."-: Real estate holdings of $2,637,102 were
year 1942.—V. 159, p. 109.
- ■•>/-'■
v,>
•
liquidated during the year.
>'
■':/
i
tion
$3,061;
accrued interest,
with
;
157, p. 2252.
The
liqui¬
furni-'
for
plus,
balance
previously reported-for the fiscal year
$249,025 representing $250,000
as
1943
Treasury
receivables
..earnings
1,
accounts,
1944, $100,000;
1943-44,
1951,
for
$0.90
—
including : estimated
1943, $1;482,609; employees';funds, ;T
and, Jn adidtion, an extra
16, making a total of $1.25
from
ry,
Federal income
tax.
patterns
,!
$715,970); $806,353;
:
contracts,
war
.
declared
25
railway
(Robert)
$20,272,352.
savings bonds,
war
$0.68
•
Federal excess profits taxi;
534,800
improvements (less, deprec. i iii ^V 401,919
Buildings, mach, & equi. (less depreciation)
1,905,061
Special tools, dies,. etc. in process of amortiz.
100,138
Patents ■
JtiLt
It;
!
53,800
Goodwilltit—il'
"
J,l'
receivable
notes
(less
'
—
oper,
from
—V.
1943
$2,037,396;
accrued Federal withholding and State emergency tax, $4,296;
and excess-profits tax, $257,973; accrued State
$4,855; accrued Fed. and State Social Security, $10,605; inc.
accrued
(less
31,
Dec.
bank,
(depreciated value), $221,112; prepaid expense, $64,$7,364; commissions and expenses (bond sale),
employee
of
800,006
•.
—
profit?,'.taxes')
notes
and
Postwar
.
dividends of 25
From Jan. 1—
interest,
total,
Jan.
on
Dec.
on
from
Net
reserve
for losses and operating reserve for bad
$12,931,377; U. S. Government securities, $1,000,000;
Liabilities—Dividends
$4,000,000;
<3.ue
Sheet,
in
unamortized excess of purchase price over
acquired, $5,823;
inc.
Balance
and
(investment certificates)
fixtures
prepaid
of
1 to stockholders of
quarter
from
Net -ry.
347,130
Icontrai of $ 1,415,337), $3,966,236; other assets; $10,339;
dation
348;
hand
and
of
'-1
Net
on
in
-
and
Property
Land
$11,906,259.;.:;.-(;>>>■
Fort Worth & Denver City
•Deficit.
Consolidated
equipment
amortization
485.
Gross
Assets—Cash
77,013
800,000
expense
in
Other
$35,553),
surplus; $60,000;
which compares
year,
p.
362,045
65,277
%
9,375
9,375
99,180
♦$4,243
(less
of
Bridge Works—25-Cent .Dividend—
1943
pany, each
1,241,330
f
$310,731
32,638
32,638
A
common—
on
....' 'r.
250,000
1,000.000
i——
tThe
1942.
Oct.
and
consolidated,
$306,000;
'
December
Net
-
$829,795
$976,311
—-
profit
doubtful ..accounts
ac-/
peacetime
The directors
■
Gross
$60,304;
excess
payable March
57,883
$1,969,501
1,187,828
collected
expenses
interest,
earned surplus (including post¬
profits tax of $17,769), $741,222; total, $11,906,158, p. 1731.' " %, ^ ■ %7'>»>!«
>>> " '^f's
of
Fort Pitt
31,729
in
excess
special
"
$2,407,592
$1,130,490
27,081
—
-
...;
Net
400,000
1942 has been decreased
States
Prepaid
i-Inv.
"
1943—6 Mos.—1942
$1,162,220
$1,003,392
to
donated
refund
war
1943—3 Mos.—1S42
collected-
% %%>
3913
expense,
contingencies,
259.—V.
Period Ended Dec. 31—
31,
Inventories
$5,736;
reserve
for
conversion-of plant
production requirements; $500,000;. reserve;,
convertible
cumulative, preferred
stock
($10 par), $376,170; common stock ($2 par)„.$415,958; Capital surplus,
Family Finance Corporation (& Subs.)—Earnings-—
Gross
31,
accrued
for
total,
renegotiation
and
ii
-v,
and
$873,451;
for
;
$4,573,681
$4,605,877
1—————
—V. 159. p. 6.
and
provision for year ended Oct, 31,
United; States Savings Bonds—contra,
,
'-.i
•
5,188
Contributions
cost
machinery,
depreciation
charges,
resulting
i
892,014
——_
reserves
:
•
Liabilities—Notes
661
953,579
1-
reserves
Operating
Oct.
Sheet,
(less—allowance
buildings,
for
704,500
3,500,200
400,000
outstanding
common share—
banks
in
,
688
accrued
Retirement
•
108,158
accrued—-—
Interest
land,
deferred
159,865
314,785
4,568,000
i_.
tS796,657
made
Accounts
payable—banks, $1,000,000; accounts .payable,.. $l,-\;
275,000
555,392; accrued pay roll and commissions, $576,041;-accrued taxes
17,367 ■} other than Federal income taxes, $342,793; other accrued liabilities,
22,786
$70,022; dividend on common stock, $51,996;; provision for Federal
1,343 % income taxes (less—United States Treasury notes, tax series; .and ac¬
crued interest of $200,920), $3,733,025; payable to U.
77,952
S.; Government
24,069
deposits
Miscellaneous
Taxes
receivable
,$17,769;
..
235,017
taxes—
tax—_——
550,000
ended
in
Cash
and demand deposits, $1,287,354;. United States-
Series, G—at
Bonds,
allowance
pari
income
Assets—
United
employees (less—allowance for loss of $412),%$2,238;
miscellaneous
investments, $111; post-war refund of excess profits:.tax ,(estimated),
.Liabilities—.
discounts allowed, etc;--——
profits
$47,800
and
.Cash
$4,126,043; inventory, $4,609,085; cash, United States Savings Bonds—
purchase account—contra, $123,551;
notes and
accounts receivable,
*•;
9,899
47,083
$5,961,223
—
.
Balance
counts
,
.-
($25
'"-.
'■"Because of uncertainty of renegoto compute possible earnings on share
shares
of common* stock; y fiOm': 187,567
139,706
Assets—Cash onhan.d
268,935
> 9,899
shares.
Savings
.137,845
Consolidated
made
was
on
>%,;
Unadjusted1 'debits—ip.OOO:
Capital stock
$145,837
§$3.18% >
§$1.04
.
14.741
1,500
assets__i,__^_^----_---,--*i-1---^;;;,
Prepayments
§Based
common
166,779
217,639
supplies.-
Other, current.
$4,064,504
<Vy. 48,825
47,103
4,889
—————————-Id——~y'
—-
attempt
no
bases..
$5,914,135
550,000
Oct,
year
come
$328,173
.
$4,099,590
general equipment——
and
investment
Cash
Special
tiation,
2,212,264
$6,676,689
-i;—r>.--
State
per
provision
116,610
"i
$519,445,
credit
1942
1943
2,206,941
—
illwZ——■—.1 -11--------i;.. $6,814,534
surplus of $1,045,682
ended
8.9,567
.
under "War Profits Control Act,"
Dec. 31
Assets—
•
1942.
deducting postwar and debt retirement credits of $507,000 in
and
earned
.$235,404
$533,295
$914,453.:
25,284
-
Sheet,
Comparative Balance
i
31
etc.——
expenses,
operations—
shares
"After
"Of plant and facilities to peacetime production requirements. tAfter
of $400,182 for debt retirement.
Jin respect of renegotiation
105,8(59
declared.
Dividends
h Earn,
Oct.
1943.
dividends
Earnings
the
to
sub¬
surplus
•; $746,732
dividends :60,361
Balance
,.
100J)00
paid-dividends paid
$139,934
>
1- 885,000
$858,303
Common
70,666
income——
the* company
Ended
'
renegotiation adjustment, after
credit for Fed. income and excess prof, taxes
Prov. for postwar and contingency reserve—.v
(■Preferred
for cont.._
avail,
Preferred
Years
est.
...Common
for conv—
res.
res.
Statement,
-v
.' ~.u
excess
for
1943
$210,601
Gross
',;i
3,617,500
750,000
income
Net
Bal.
'
Balance
t3,915,000
Government—
Approp.
44.164
.•
and
Common
219,038
$189,943
912
'
S.
earnings of
income
fProv. for est. refund to
"i:
Net
profits taxes
from
Interest expense,
Prov.
;
94,120 :V.75,389
8,853
Cr2.673
Maintenance
Taxes'
Fed.
exc.
and
$1,083,128
622,262
$1,187,339
73.000
revenues
thd net
.
administrative
income
'.."Federal
2,059,965
for
Prov.
1943—12 Mos.—1942
1943—Month—1942
Period End. Dec. 31—
and
profit
'■•Federal
37,284
.
'
Operating
Operation
entered
was
•
Total .income
'.'.S
)
Treasury
Fall River Gas Works Co.—Earnings-
Agreement
$329,158
,-40,711
Net
;
Total
13,853,996
20,931,583
24,372,832
19,807,690
Credit
V $734,297
..
■588,412
,
Other
Profit
157,839,223 133,353,572 106,845,421
86,606^612
53,765.451
48,711,103 34,696,312-. 24,944,566
railways-
railway—..
Income.,—
p. 2361.
$2,215,230
922,377
expenses-,,
Other income
oper.
$8,047,825
,
1,090,863
Bank
—$48,438,726 $37,895,795
39,555,096
29,769,396
sales—
..
of
•
Income
■%.
1,869,354
,
50%
1942.
-Net"sales
a
From Jan. 1—
Gross
$6,629,734
profit
& adm.
exceed
1940
$2,603,651
^General
from
1942
1943
December—
Gross
not
sequent to Oct. 31,
1941
10,320,356
this
to
at
the
time
of
the
retirement
of
the
preferred
stock
which
provides that the aggregate amount of cash dividends paid after June 1,
of
$5,800,716
'
$26,284,944 $18,368,181
amendment
into
,
loan
Account, for Years Ended Oct. 31
sales
Cost
regulation. "V"
a
a loan agreement expiring March
10,
to date he^ve amounted to $2,000,000.-
1943
RR.—Earnings-
these
arrangements for
replaces
which
which borrowings
under
Net
Erie
has made
company
,' $5,000,000
during 1943
cents each.
The amount per share in arrears as at March 1, 1944, after deducting
the dividend just declared, amounts to $4.50 per share—V. 158, p. 2251:
payable March
from
be
dividend
a
Barr said.Maximum production
reached early in 1944.
Mr,
Equity Corp.—75-Cent Accumulated Dividend—
The
Monday, January 31, 1944
'
.
Firestone Tire & Rubber Co.—Initial Dividend—
The
share
directors
the
on
to holders of
Jan.
17,
4 V2 %
cumul.
record
1944,
to
declared
have
Feb.
March
initial
an
preferred
15.
This
dividend
stock,
covers
1944.—See offering in V.
1,
of
55
cents
the
United
per
$100, payable March
par
distribution
>
States
ferred
no
further
be
made
as
1942.
'■
214.
31,
the
tentative
agreement
above
re¬
which has not been finally executed, It is contemplated that
to,
1
period from
159, p.
Under
Government.
,i
adjustments of profits from war production contracts will
a
result of renegotiation for, the "fiscal year ended Oct.
"• '
'
'
•
'•
General
The
-
corporation
"
not yet been commenced on negoti-fiscal year ended Oct, 31,. 1943.
However,., based
available, provision has been made in the financial
Renegotiation proceedings, have
Foote Bros. Gear & Machine Corp.—Annual
Reportin
the
company
annual
reports
report
net
reserve
of
$750,000
tiation
of
war
for "the
income
against
contracts.
of
fiscal
year
$858,303
possible
Because
after
refund
the
ended
of
amount
all
Oct.
charges
profits
of
tiation
31,
1943,
including
through
renego¬
renego¬
refunds is so
indeterminate, no effort has been made
pute per share earnings.
It compares with net income for the
year of $686,114 after
renegotiation refunds.
tiSoSiainS<f0Lthe
firme
tions
i
m
ti,
the
year
the previous
current
year
w
facilities
President,
to
to
which
cut
dollar
sales
stated.
be
for
1943
by
an
figures for last year
over
the
1942
fiscal
furnished the company by the
government
total¬
ing approximately $12,000,000, have now been
constructed or acquired,
on
sales
-
for
information
statements
the
now
submitted
for
an
estimated
net
reduction- of; profit
result from the renegotiation of 1943 business, but the estimated
figures which appears in these statements
may
not be the final
figures.
' -1-
,
"V"
The
which
the
purpose
of
reported
Loan
company
may
financing
the
last
■
Agreement
year
it
Investors
of
the
at
2,000
has
shares
Co.,
Inc.—Calls
Redemption—
2,000
V
.:
called
for redemption as of Feb,-29,
1944, a
outstanding $6 cumulative preferred stock
redemption price of $100 per. share and accrued
of its
sinking fund
Payment will be made at The,Commercial National Bank
dividends.
of New
York, 46 Wall St.,
New York, N. Y.—V.
&
159, p: 215:
r
,-
General
Foods
Corp.—Official
Promoted—
.
Wayrie C. Marks, formerly Supervisor of the Procedures Division of
Controller's Department, has been appointed Assistant Controller.
.
the
had
through the "V" Loan for the ■
capital requirements of: such con-,-.
have assumed
working
that
total
Trust Co.
entered into an
$8,100,000 "V" Loan Bank Credit agreement effective Dec. 15, 1942
to
make provision
for working capital needs temporarily expanded
during the war period.
The maximum;loans-that have been made
under this agreement during the fiscal year 1943 have been $5,400,000.
Upon the termination of the company's war contracts, either by, can¬
cellation or by completion, cash resources then available out of settle¬
ment of such contracts should be sufficient to discbarge th6 obligations
company
.
that
may
com¬
previous
amounted to $26,284,943 compared with
yGai"Because of contract price reduc-
So S f„nl ain°^^tel,y $5-500'000- the sales
JL
J yB
CD thG increase in production
year, W.. A. Barr,
All
a
anticipated
iiscal
...able
the
American
Shares of Preferred Stock for
—V.
.
159, p. 350.
,
.
General Iron Works Co.—Accumulated Dividend—
A
•
dividend
of
accumulations
Feb.
-
on
1
holders
to
Feb.
$3.50
on
1
and
dividend just
the
of
Aug.
share,
per
7%
cumul.
last
declared .will
year.
amount
.been
preferred
Jan. "20."
record
2,
has
declared
stock,
on
par
$100,
Similar- distributions
Arrearages: after
to
,
account
payable
made
were
payment
$7. per. share.—V.: 157,
of
of' the
p.
553,
Volume 159
Number 4251 a'T5
a
;
THE COMMERCIAL & FINANCIAL CHRONICLE
/
which
General Realty & Utilities Corp.—Annual Report—
havecompleted ..contracts for other products and expanding
present.'tire, manufacturing facilities. Production of pneumatic tractor
tires, was halted by war restrictions in May, 1942.—V. 159, p. 351.
•'
During the year ended Sept. 30, 1943,'contracts for the sale of two
large parcels of real estate were entered Into. The capital stock and
obligations
of
the
corporation
a
48-story office building
years at a loss, was sold
addition, company and the
of the capital stock of the
owning
which
for
the
has
operating
been
consideration
cash
a
Broad, Street
30
of
$425,000.
for
pany
received
the
sale
of
their
stockholdings.
(H. W.) Gossard & Co. (&
10
In
Years Ended Nov. 30—
Gross
incl.
the
balance due Dec.
.These
sales
resulted
During the
its
were
Income
income
and
bond
and
the
and
1943,
deductions
the
approval of
the
surplus.
31,
1947, with interest at 4% and
.Aw-aa :'a;,
aa a a-aA,
At a meeting of the directors held
ments.
;
old
in
rate
of
6/25ths
income
of
share
a
preferred stock,
of
Fluct.
not
were
exercised
preferred
stock,
this will require
value of
with
and
in
these
to.the
cases,
total of 396.48
a
balance
of
of
stock
common
shares
$1 per share.
is
Income
Account, Years
being
stock
common
shares
1,652
-A, ....a;
Consolidated
Net
Ended
,
Sept.
.-
Operating expenses
Depreciation
A' A'-A
after
depreciation———
Share of loss of subs.
to
co.
*
applicable
from
Unimproved
improved
453,931
accrued
from
Corp.
(not
Central
$264,261
$163,288
14,555
20,004
$249,706
Plazavaa A
consolidated)
The
Income
from
Total
■Administrative
19,299
Total
$86,517
4,905
It
5,135
$148,189
V
139,393
"
142,928
$415,415
$287,583
$234,580
168,862
172,888
$118,721;
$61,692
•''v
184,845"
:
cost),
doubtful
rentals,
and
(less
reserve
of $47,781 ),
$85,166;
$32,000; lease deposits, $25,000;
depreciation and amortization),
for
insurance,
trade-marks,
supplies,
total,
$i;
$236,682;
etc.,
good¬
$16,412,360.
(less
dividend
escrow
State taxes
deposits of
$38,498.35),
$224,918;
accrued Federal
on
for
reserve
Operating
Operation
bank,
v
revenues.***
"'-A
oper.
$575,309
400,317
373,156
2,512
30,437
31,652
6,833
6,536
99,241
91,223
$7,684
$9,057
$94,722
$79,275
'
revenues
inc.
i
418
308
3,876
.7,048
$8,103
(net)
$9,365
$98,599
$86,323
2,916
35,000
35,000
45
571
514
$63,027
$50,809
49,140
49,14.0
*
,:V
v
Balance,
_**».
Retirem't
-
accruals
2,916
"charges**:****
Interest
payable
$624,719
35,711
3,151
"
Non-oper.
•'
$53,817
*_—__
Taxes
■
1943—12 MoS.—1942
$56,112
38.442
Maintenance
Net
Co.—Earnings1943—Month—1942
—
49
res.
.
wages,
no
Net
Dividends declared
—V.
$1,042,895; capital surplus, $1,357,972; earned
par),
income***..:****
■/';
$5,137
$6,403
-
,
****.
159, p. 8.
Nov. 30, 1936), $822,427; total, $3,933,525.—-V.
158, p. 2046.
.
Hawaiian Pineapple Co., Ltd.—25-Cent Distribution—
of
Governor
Clinton
Hotel
in
the
fiscal
* A dividend of 25 cents per share has been declared
stock, par $5, payable Feb, 25 to holders of record Feb.
last
first
revenues
stated
was
loans
profits tax,
reserves
Haverhill Gas Light
25
that
than
more
50%
through to net.—V. 154,
cents, and Nov. 24,
of
tne
increase
in
gross
was
car¬
The 1943
&
Trust
Co.
has
been
appointed
registrar for the
common
capital stock.—V.
158,
on
the
15.
V
1859,
capital
Payments
25, 25 cents; May 25, 50 cents;
Aug. 25, "
'
.
New
Co., Inc.n—Annual Report—
annual
report; issued to stockholders Jan. 28, showed that
operating revenues reached a new high oi $122,518,626,
and
'compared with $.114,378,235
(The) Gray Manufacturing Co.—N. Y. Registrar—
Chemical ; Bank
sales
net
•
Feb.
50 cents.—V. 158, p.
Hercules Powder
1596.
p.
were as follows:
year
ended
year
$91,652
•161,272
expenses
in
and
Period End. Dec. 31—.
Aug. 31, 1943, reached $2,500,140, up $747,000 from the preceding year.
$254,144 •;
...
and
(at
for
f'' V
at the end Of 1943, applied $300,000 to the
pay¬
mortgage bonds held by the Connecticut Mutual Life
Insurance Co., thereby reducing the amount
outstanding to $185,000.
The
Income
271,014
corporation
of
ment
ried
real estate oper
other sources
$386,937
-
Governor Clinton Co., Inc.—Reduces Bonded Debt—
$105,816
;
$143,284
4,438
;
Income from
"
271,014
a,::
reserves
Income, $1,709,991; minority stockholders' interest,
contingencies, $600,000; common stock (par $20),
$3,000,000;
capital surplus,
$2,165,231;
earned
surplus,
$6,804,988;
treasury stock (4,930 shares at par, $98,GOO, and 2,757 shares at cost,
$85,831), Dr$184,431; total," $16,412,360,—V. 157, p. 1944.
.
properties
Park
(from
surplus
11,966
expenses.—
.Balance
Income
and
$33,046;
A $462,294
.
prepaid
trade
income
*78,219
(trade), $125,890; dividends payable,
commissions, taxes and expenses, $144,812;
employees' income
taxes
withheld, $20,218; accrued income taxes,
$300,572; deposits-by employees for war bonds,: $io,334; capital stock
$108,406;
? Y 593,850
12,404
properties,
'
1948
securities
discounts of $567,915),
(less
names
a
-
minority interest
Income
hand
Liabilities—Accounts
1941 aA
$3,553,784
3,006,003
$157,573
-
271,014
S. Government
$1,031,727; other accounts pay¬
$57,128.84 on U. S. war savings
payable, Dec. 10, 1943, $355,783; accrued
salaries, wages and rents, $438,570; accrued taxes, other than taxes on
$517,370; accounts receivabletrade
(less-reserves for losses, trade
discounts, returns and adver¬
tising allowances of $75,524), $613,479; inventories, $1,562,682; cash
surrender value, life insurance, $102,410; Governmental bonds
at cost
plus interest, $303,000; notes, accounts and interest receivable, $13,054;
unexpired insurance,., leasehold expense, factory supplies, stationery,
advertising and prepaid taxes," $63,210; total investments, $31,664;
land, buildings and equipment (less reserves for depreciation of $502,423), .$721,401; trade marks, $5,256; total,: $3,933,525.
oft
5,716
$251,857
.
$492,071
•
80,
hand, $3,232,372; U. 8. Treasury tax
on
other U.
excess
bonds), $232,536;
Balance Sheet, Nov. 30, 1043
A(216,811 shares,
Income
-
$447,292
••..271,014
excess.profits, taxes.-.
and
Liabilities—Trade accounts payable,
able (including employees' deposits of
Cr4,695
1 •*
'.A Assets—Cash, on
(-aAAA'
30
1942
$3,613,752
2,802,493 i, 3,002,646
428,884 > V 453,534
50,218
*245,153
cost)
cost
will,
42,246
Note—Earnings _on ' the -216,811. shares of capital stock, excluding
treasury shares; totaled $2.06 in 1943, $2.27 in 1942 and $2.13 in 1941.
•
par
"620,968
(at
$1,063,423;
5,846
Cr4.690
"290,460
accounts and
investments
A;
"a/A'AA
,
1.
exch
banks
post-war credit of
15,481
49,941
and
properties, * at
$578,946
A
in
cost), $777,000;
company,
Nov.
$2,658,678; other notes
accounts
receivable
(Including $44,592
due from
employees),
$118,518; inventories, $8,099,985; cash surrender value of insurance
policies on lives of officers of certain subsidiaries, $28,536;
sundry
years':
profit
"Includes
.
issued; :
the
of
■
Real Estate Operations;,- -.A/,Aaaa1943
Improved properties, gross income,1*
$3,483,234
„
8,786
2,681
Dividends paid:——*—
v.I'-v-'.':. A;.; p.;
on
common
respect
$802,859
57,373
43,389
taxes
in. for.
the
at
or
$1,170,413
8,624
Prov. for income taxes—
:
stock with respect to each
option of the holder in accordance
with the
provisions of the certificate of incorporation, (if exercised on
or
before Oct. 7, 1943), in cash at the rate of $6
per share, of pre¬
ferred stock.. Options for cash were exercised
by Oct; 7, 1943, with
respect to 110,451 shares requiring the payment of
$662,706. Options
share of
Sheet,
and
76,052
$746,376
(at
notes
$502,894
91^80
t
»
Sept. 17, 1943, a distribution
preferred stock of the company,..payable from capital surplus,;
authorized.
The distribution was
payable in common stock at the
was
$711,179
89,686
'***•,
prior
the
on
$1,080,727
benefit taxes.
age
Reduct.
mortgage.was extended to Dec.
with periodic amortization pay-'
...
Balance
$55,000; trade notes and accounts receivable (less
Unemploy. insurance and
and a
by
The
1940
47,082
Depreciation —
•
In
Court.
1941
$699,294
V
income.—-....
>
Interest '.**—***-'
,
with
profit:—*..
.
were
property owned by the company
on
reduced
-
purchases,
sales
on
1942
-
$2,427,837 \ $2,776,200
$2,318,845
$2,022,372
A
A--A-: v;
-aA
1,728,543
1,695,474
1,607,667
1,519,479
Income' charges.
losses
$227,736 through amortization pay¬
addition, the mortgage of $4,131,469
on
the 30 Broad Street
property was eliminated upon the sale of the
capital stock of the company 'which owned that property; - p.
$ ■
The litigation relating to the Barbizon Plaza Hotel has been settled
ments
1943
sales
credits-r_-*'l*_i.,
Total
■
1944.
substantial
mortgages
year,
subsidiaries
31,
in
from consolidated
discounts
Operating
$170,726,
mortgage provides fqr amortization payments commencing Nov, 1,
with
from
Sell., adv. and adm. exp„
on Oct. 5, 1943, of which $41,976 was in cash
and the balance of $128,750 in second
mortgage of the Central Park
Plaza
Corp. guaranteed by Pick Hotels Corp., the purchaser, : The
made
profit
notes
consolidated and not heretofore
now
surplus account of the parent
Assets—Cash
Subs.)—Earnings—
com-V
the agreement
Under
the
Consolidated
Lehman Corp., owners in equal proportion .',,
Cehtral Park Plaza Corp, which owned the
apartment building at 300 Ceneral Park West, entered into an agree- «
ment
profit in inventories of subsidiaries
reflected in
'
property,>•
the past
for
44?
The
showed
report
materials
war
York
in
that
in
1942.
the
also
company
Government-owned
produced
ordnance
$98,000,000
plants,; bringing
of
tho
total
production value from such pla,nts to date to $180,000,000.
.During 1943 the company provided the design and engineering for
war
plants valued at $119,000,000, bringing the total war plant con-
p. 2468.
.
income
Net
*
*
Comparative
'
U.
.
S.
Consolidated
............
.
.,.,
..
...
demand deposit and
on
$cash
Balance
:
Sheet,
...
.
............
Government
Other
marketable
due
Real estate
30
1943
renting
agents
mortgage
and
Unimproved
properties
1,099,283
1,350
261,166
290,892
"
„
real
preferred
estate
a
Profit
692,762
:
($10
Amort,
7,546
3,981,929
3,921,389
2,802,575
Prov.
13,418
consol,)
2,802,575
1,544,322
" 8,238,139
loans,
(not
*
*:
;;'v! a'aaa
of
at Sept. 30,
and
5,750,506
Previous
.
Refund
Net
1943 .;
1:
A
pref,
Net loss
on
1942 >
stock
A
;
•
$125.
Assets—Cash
65,891
73,206
75,687.
diture
10,209
21,162
spare
Cr6,750
$627,736
$803,812
657,790
589,742
461,869
2,091,913
$675,482
A 544,319
inv,A
1,902,361
■;
:
'
543,862
540.823
•
"A A.
A A
.A
Balance Sheet, Dec. 31, 1943
.
,
$538,280
'"a
'
36,000
$294,070
1,206,076
1,500,146
1,258,025
$457,783
$1,206,076
able
expenses:
'
.
,
>
,
for
doubtful
inv
carried
parts
advances
of
course.
to
over
(less
of
$76,246),
amortization,
1943-1944
valuation
■
$124,520;
$86,186;
$130,461;
season,
cane
growing
in
*
a'^
advances
received
on
account
stores,
and
liabilities,
Gulf Mobile & Ohio
cash; $44,300;
payable, etc.', $17,720; due for. securities loaned
due-fdr' securities purchased, $136,613; reserves
December—
-
Gross
Net
:
from,
from
:
-
expen-:
supplies and
railway.
$3,137,569
$150,748;
-T
.ry;-oper. income.
!From-Jan;" 1— £',!r»
taxes,oetcr, $13,020 ;..bank loans due Dec, 30, 1945,, interest A; :;
2Vc, per annum, $2,650,000;;unrealized
profit on sale:of when issued
Gross v-from
railway.
contracts, $18,881;; preferred sto.ckr'(90,750 no par
Net > from .railway**;'.
shares); $2,268,750;
common
stock
($1 par), $1,602,431; . surplus, $8,813,391;
Net: ry:: oper. income.
total,; $15,565,106.-t-V. 158, p. 2252. 'c
.-.'A-';; v.--. ;;;A. —V." 159, p. 8. v" :V:
-
■
$2,986,903
26,888
1,372,103
649,462
implement
pro¬
its
,4^e^rgia'r^:'Ulorida,;R3^—Earnings—a;-'Period End, Jan, 14—
]'■/, \
,
..,1944—Wk;-A-1943
—v.
A
Consolidated
T
Net
''A
$70,825',
,:An ..extra: dividend of
dividend
stock,
of
par
Similar
on
•
$68,775
v
Feb.
50
cents
$10,
both
payments
2 and
15
per
per - share-
payable
were,
Aug. 1,
cents
sales
made
Feb.
on
1942.—V,
1
Feb.
to
..
holders
and
1
on;
the: capital
•
„
Glidden Co., Cleveland—New Director—
John A. Peters,
Treasurer,, has been elected
a
Balance carried
;
Balance
Total
Federal
Federal
income
excess
Foreign
inc. & excess
; Goodyear Tire &
Rubber
Facilities—
company
farm-use
Chairman,
is
expanding its production schedules:for tractor and
under a $30,000,000
program, P. W. Litchfield,
The
program
includes
taxes.--****——i~
—1*—
*
1,749,978
$1,843,092
11,773
" 200,000
*
surplus
Dividends
paid
or
.*_'.
'declared***.
reconverting
tire
plants
"After
per,
share
on
.'*__
subsidiaries,
realized
5.550,963
322,771
700,065
:___*
370,876
3,780,586
10,012,005
52,466
tax*
.
1,100,000
64,263
5,704,511
.**_**——
524,928
dividends, _*_i—^*~-*dividends '
3,291,775
($2.50)
dividends
Surplus,
,
Profit
surplus
16,510,557
*
sales of
on
1,887,808
:
62.068
1,500,000
79,087
500.000
"
'
14,142
5,546,980
524,928
3,291,775
($2.50)
6.098,712
524,928
3,950,130
1,730,277
18,427,286
1,623,654
16,803,631
($3.50)
tt465,450 '
interest**';**.
J Adjust, of State income
franchise-
'and
prior
taxes
Drl99,325
years***:.—*—
1943—
$6,804,988
$11.46
debt
—
tt Shares of common stock
Earnings per common
par)
(no
18,199,040
1,316.710
20,623,013
1,316.710
18.427.285
1,316.7)0
$3.93
surplus
subsidiary
has
statement
because
subsidiaries
retirement of certain
and less post-war credit of $22,000.
tLess inter-company
through
20,776,321
399,888
2,210,687
.
common
Total
$7,505,053
;*
*
capital stock
deducting-credit
27,639,355
$3.81
$4.23
share
"Including Subsidiaries In Canada and England.
-Balance of consolidated earned surplus at Nov, 30,
Earnings,
20,697.9-ta
78.373
$1,631,319
;
surplus',.
56,849
$3,593,070
'
Nov.. 30,
tires
announced.
& State taxes on income
Rate1 of
profits
contingencies****-*.
earnings
Preferred
*
" '
"
....
.The
other
earned
for
Common
Nov. 30^19-13
*
11941
85,612,161
.""15,514,296" *17,840,645
profits tax***
Other deductions
income
Years
"1942
'
24,937,906
293,031
2,209,339
.
*_*
tax**.
1,505,525
contingencies.
to
_**___
3,661,460
director.—y. 159, p. 351.
Co., Akron, Ohio.—To In¬
"
income
5,648,668
State
'
277,296
capital stock tax*:
154,296
Provision
and
'• *1943
;._*_*_
****
447,980
1942 (parent company only, as previ¬
ously reported)
tUndistributed eamings.prior to Nov. 30, 1942**_*^*___—'
Total
crease
at
V'a ',"
.
$1,578,957
for
of; record Jan, 18.
2, last year: and
,
-
134,912
profit applicable to minority interests
Appropriation" for
Aug.
:
from
income
Previous
semi-annual
A
■
for Calendar
operating revenues**; 122,518,626J114,378,235
operations
*__*—
24,660,610
27,582,506
4,402,394
1;
Portion 'of net
and
18.701,182
Distribution—'v;-/-.
declared
158, p. 486.
Federal
v..
Income Account
230.475
■
for
-!
.-
23,647,846
7,521,323
before'provision for Federal
"Provision
share and 'the usual
have .been
Prolit
'V;'A'-"-
12,498,169
Earnlh'gs • for Year Ended
.5 A;
a./,
,
,
'
'
$2,039,387
Hart Schaffner. & Marx (& Subs.)—Annual Report—
^'V'Ta-
r;A-. y,;rr,
Georgia Home' Insurance Go,—Extra
,r
;;
1944—2> Wks.—1943
iA
revenues**':*.. $35,100 i V. $35,175
i59,"p. 351. -' y- a.
•
in¬
ahead, however, research and a strong financial position to
its development should enable your company to continue
growth."
Net
Operating
t
war-time
present the course of the war and the needs of a war
will determine the course of business and earnings," he said.
"Looking
33,173,151
..
y,
.
the
("For
economy
13,138,680
5,918,935
'
r.,
,
on. corporate
funds," Mr. Higgins said.
"Construction and
projects sidetracked by the war, peace-time inventory
requirements, and the probability of higher price levels will call for
considerable, cash expenditures when the war is over.
SProfits
-a
year."
of the company's plants have received "E" awards for proefficiency,-and seven of the "E" flags bear stars awarded as
continued high efficiency.
37,858,695
.
..
plants this
development expenditures, occasioned by
increased to $2,887,000 during the year.
development
Other
965,606
the Ordnance Department
1940;
1941
;
ordnance
and
needs,
Federal
*
railway*'*;'.
Net
*'■
1942
without
allies
war
from
demand
RR.—Earnings1943
A
its
The need of industrial corporations for a
strong working capita!
position was stressed in the report,
"This is essential, we feel, because
the period
following the war will, in our judgment, place a heavy
planting
from
accrued
and
of Merit
Thirteen
income for the year ending Sept. 30,
on
Government
evidence of
$376,027;
reserve),
^
women.
were
the Citation
American
:: duction
A;
:
the
to
Research
-
.
crop
29,344
S.
i
*'
•.
17%
plants have been
some
,:.'A.A-
1
■
.A-'s;
employees, of whom 24%
the company employed approximately
had
cost, earned for
of the
Army; to quote the official citation and release,
"For dis¬
tinguished service to his country" which "increased powder output
by one-quarter, while reducing cost of production by about $20,000,000
$1,500,146
'»•
whom
Stern
U,
*
etc.
being reduced and
are
company
'At the end of 1942
women.
of
the
report called attention to the research of Raphael L. Stern,
chemical superintendent of the Hercules Parlin, N. J., cellulose products
plant, by. which wood pulp was adapted for use in the manufacture
of smokeless powder.
This process, which the company made avail¬
f$242;i21
,
now
■••■'.
year-end
■The
1943, $100,000;
reserve for taxes of prior
years and contingencies, $227,527; 8'/o cumu¬
lative preferred stock
(par $100), $1,728,700; common stock (404,935
shares
no
par),
$4,050,000;
deficit,
$207,282;
total,
$6,049,693 —
V. 159, P. 351.
,;""A''A''; ...• V-./A A.,
in.
for -.expenses,'
report.
times
the
33,000,
>A**„_*,
£. 540,000
$748,293
.
were
30,703
■
»
'f..
since our cduAtr^'s entry into the waf more explosives
propellants have been produced than could be loaded, shipped and
by our armed forces," Mr. Higgins said.
"Largely for this reason
At
181,484
36,752
.a
products,
closed." A
$$29,933
a
171.458
Sheet, Sept. 30, 1943
Liabilities—Accounts payable
A-
■
the
all
production schedules
(at
: Liabilitiesrr-Dividends
against
114,227
selling; general and administration
Balance
vision for taxes
.
,
",100,000
$84,294
fired
sugar
and molasses
Commodity Credit Cor¬
poration on sugar contracted for,. $1,235,585),. $389,767; accounts re¬
ceivable
(less reserve for doubtful
accounts); $93,379; Cuban Sugar
Stabilization Institute, $48,138; U. S. Treasury certificates of indebted¬
ness, $50,000;' cash in banks and On hand, $436,771; prepaid insurance
and taxes, $16,277;
miscellaneous, $5,606; total, $6,049,693.
(less
banks, $257,586; investments in U. S. Government ''
cost), $215,007; investments in other securities, $14,909,246: receivable for securities sold, $125,776; dividends and
interest
receivable, etc., $39,771; special deposits, for dividends, etc., (contra),:
$17,720; total
$15,565,106.
,
*/"■''
A'A
:
securities
(net),
reserve
31, 1943, the netjissets of the corporation were equivalent
$3,632 per $1,000 of bank debt, while at Dec.
31, 1942, the similar
asset
coverage was $3,632.
The preferred stock asset coverage rose
to
$490,588
Cr47,692
buildings, ' machinery, equipment, etc. ; (less reserve
$1,522,767), $3,656,034; investment in Guantanamo
$491^449; livestock, $145,077; - advances to colonos
(less
expenditure
-
in
"At
•
■
1,221,403
,
£
a
92,985
At Dec.
$87
!
'
:
RR.
1940
to
from
1,372.145
Assets—Lands,
div.
of
:
dustrial
$865,306
£ $580,912
$1,305,697
and
..
regular
,
•
The'Chemical industry, which undertook the important task of ex¬
plosives and smokeless powder production, reached and exceeded its
assigned schedules earlyAin the war, Charles A. Higglns, President,
;:T940 A
for depreciation of
■1941
11,951
company's
stated
36,795
$250,502
457,783
-
77,358
!
30,004
deducting seaTr-eight, commissions,
$957,835
A
plant'gs
+Also, includes taxes and
70,387
11,996
,_„.*****•*
sale
:
$1,862,732
151,747
$207,282
$775,965
58,794
income
A1941
aA*;<A
•
$1,476,834
125,425:;
deficit******.
72,150
■
$505,931
etc—
income: taxes*;
$723,852
_*'******.r.a*.*;—**.
of prior year's
cum.
'A
1942
""Includes miscellaneous credits of $50,896.
Shareholdings Corp.—Earnings
taxes :*.*****:____*_
$6
*A
$701,996
$1,382,523
196,065'
C'r94,311
.
*1.
*
fLoss. '
:
Taxes
'A,
Mr.
,
Interest
1943 '
Deficit
117,035 shares at Sept. 30, 1941.
tOutstanding, 1,544,322 shares.
JFor payment of dividend on
preferred stock,—V. 158,'p; 2362.
> £
expenses
was
were
Co.—Earnings—;
(net)—*
cane
for
""After!
income
payable
distribution
extras
figure to $377,000,000.
consisting generally of chemical
materials for industry, continued in heavy demand.
In addition, war¬
time
industrial needs intensified the development and demonstrated !
the usefulness of many of the
company's newer products in plastics,
protective coatings, insecticides, and in other divisions oiA industry
serving wholly or in a major way in the war program.
paid
and on Nov. 15, 75 cents.—
cents;
-A.
:Profit for year.****.
$14,873,911 $17,281,575
1942, and at Sept. 30, 1943,
—
General
similar
The
real
-
Years End. Dec. 31—
•
Deprec. of mills,
135,000
par)*.—
"Outstanding, 112,103 shares
General
15.- 25
.
operations*
on
deducts.
Profit
a;
21,288
1,544,322
cos.
:
Total
A
in addition,
dividend
stock,
cane
$68,970
547,313
*—
mortgage
Surplus
.
-
.
28.
and,
quarterly
common
.
811,377
$83,432
_
preferred stock—*;
on
stock
stock
On Feb.
Jan.
1943
regular
value
$3,569,106
mfg.. and";
A- a ;,-t,M.'•>
shipping expenses^** Atl,748,111 A f2,186,584
of
Other
.est, and invests, in real est.
tComtnon
during
the
par
"Gross sugar & molasses
(A-A-xtr-AA
•sales _.A-_'.L™**::X*$2445G,107f'v
Cost
973,216
$14,873,911 $17,281,575
sundry creditors—_____
income, rents received in advance.
for
record
quarter
1732.
p.
no
st ruction
'•
750,138
526,914
for; taxes and contingencies
Deferred
of
declared
the
Years End. Sept. 30—
A
6,661,865
•
170,726
*
_
Dividends payable
each
21
on
Guantanamo Sugar
*
payable and
liabilities
Reserve
Vv 158,
6,025,250
4,695,662
Aa 754^516
consol
not
cos.
*
Liabilities-—
Accrued
holders
to
in
share
last year as follows:
6,000,650
—
*i*—v*_.*—
pther assets
Reserve
15
made
Jan.
on
per
Co.—Usual Dividend—
.
Investments in real estate
Accounts
cents
& Dock
tenants
receivable
loans
directors
25
Feb.
487,679
securities**__________
from
1942
$668,202,
30,804
1,098,030
Improved properties
$6
Great Lakes Dredge
The
$847,763
y
obligations
'currently and accrued interest
*
Sept.
..
....
hand—_**
on
ott.-;deposit;;;.A;:::::::*:;A!:;A^
Amounts
1,
$230,570
...
of
Assets
Cash
—
for
SAfter
$4,847,266 nn
ci
qp.i
Q49
been
of
included. in the 1942 consolidated financial
to obtain current reports.
^Includes
and Holland.
^'Includes fees received
inability
Canada, England
construction
plants,
nf
not
in
An inactive Holland
and
1942,
in
operation
depreciation
io<i9
and
snfi
of
and
U.
in
794
in
si
S.
Government-owned o-rdnanco
of $4,407,337 in 19^3,
""After post-war credit
amortization
$5,565,893
inn
1941.
1943.
ttln
Compania Mexicanat
.
THE COMMERCIAL & FINANCIAL CHRONICLE
448
A- \
;
de
in
amounted to $20,537
net loss of $18,282 in 1941.
1943, $25,341 in 1942, and a
Consolidated Balance Sheet, Dec. 81
property—.,
:
Goodwill
Cash
and
§ Accounts receivable
assets
Other
Cash
—
—
—
___
U.
S.
S.
Treasury
tax
supplies-^—
Finished products
Deferred charges
——
stock
■'"'•Common
.—
Contract advances
Preferred dividends
Federal
Reserves
(contra)
items
reimbursable
—
Earned surplus——————
stock
(Treasury
—
________
7,143,261
Other income
97,908
;
1941
$3,983,653
•
85,534
1942
*
$6,944,059
79,527
1943
$4,782,327
—
dividend of
preferred stock,
and the reg¬
quarterly
and
and
.
"
V;
holders
to
1
declared
dividend
a
of
cents
10
stock
of
record
25
was
Feb.
cents
.
•—52 Weeks Ended—•
Jan. 2, *43
Jan. 1, '44
Jan. 2, '43
$4,305,636 $52,351,466 $53,224,694
$4,023,953
8.
p.
(Mo.)—$2
The
.,
company on Jan.
17 paid a dividend of
stock to holders of .record the same date.
On
.
the
of
tions
old
shares,
$8 per
the company
share.—V.
$2
New Stk.
on
share
per
the
on
-
made regular semi-annual distribu¬
158, p.
487.
•
Kansas City Southern
Period End. Dec. 31—
Railway
Railway
oper.
Federal
income
Other
previous payment on the
on Nov,
1, 1934.—V. 151,
share
per
Jan. 1, '44
—
159,
new
The
15.
4 Weeks Ended—
.
Kansas City Life Insurance Co.
share on the
per
»
.
—V.
11,
March
no
par value, and the .usual quarterly dividend of
share on the class "A" stock, no par value, both payable
International
Carl
been
oper,
taxes
Railway—Earnings—
1943—Month—1942
:
1943—12 Mos.—1942
$3,314,931
$3,316,715
$43,219,032
$34,316,347
2,378,038
revenues
2,851,655
26,054,070
21,291,352
500,000
208,000
6,990,000
4,153,000
306,167 /
2,023,770
1,732,167
expenses.
taxes-.
.,;
47,770
——___
^Railway oper, income
Equip, rents, .net debit.
E.
Brueckmann,
elected
The
Clemence
directors.—V,
has
SEC
Jt. facil.
Shoe Co.—New Directors—
International
159,
extended
to
and
Rand
E.
Edgar
have
-
$389,123
*$49,106
58,151,192
$7,139,827
229,379
185,962
3,036,597
2,281,669
9,905
10,568
125,455
128,348
$149,838
*$245,638
$4,989,138
$4,729,809
next*
30,
ry.
•
income.
oper.
159, p. 9.
Kansas City Public
within
the time
rents, net debit
•Loss.—V.
Extended—
Corp.—Time
June
Net
A.r;A'\
352,
p.
Utilities
Hein
L.
which the
corporation may purchase collateral trust bonds, 6'/2%
series, due
July 1, 1945, of its subsidiary company, Dominion Gas & Electric Co.
The original order,
which expired Dec. 31, 1943, permitted the pur¬
chase of $1,942,500 of the bonds. Corporation has purchased $1,803,500
of such bonds, leaving $139,000 to be purchased,—V. 158, p. 2363.
Period End. Nov. 30—
*
Total
Service
Interstate Aircraft &
1940^
53,012,219
39,391
revenue
$992,023
Operating costs
Taxes
(general)
5,920,753
194.562
27,038
18,505
391,136
203,975
6,959
6,264
79,501
69,431
18,204
153,280
236,521
71,340
830,718
783,294
——
charges
•Net
$3,051,610
Earnings per share—^
profit
Security)
income
taxes,
emloyees
/
'
r
-
for
1942
$7 ,893,247
507,655
10,028
(Social
Fixed
Res.
1943—11 Mos,
$820,602 $10,765,594
545,415
73,730
Taxes
Engineering Corp.—Earnings—
Earnings for Seven Months Ended Nov. 31, 1943
Co.—Earnings-
1943—Month—1942
Depreciation
Worts, Ltd.—Earnings—
Hiram Walker-Gooderham &
$7,598,475
$8,579,688
4,112,456
in Canada
operations
cumulative
10,763,696
and England.
tAfter depreciation
$27,664,751 in 1942 and $31,529,075 in 1943t
♦•Represented by
1 355 668 no per shares.
§Less reserve of $774,501 in 1942 and $789,556
in 1943.
tl8,706 shares preferred and 38,958 shares common,
(Under
U. S. Govt, cost-plus-fixed fee contracts.—V. 158, p. 2580.
from
usual
3091.
p.
of
3 Mos. End. Nov. 30—
the
5%
of record
stock,
per
"B"
class
$96,504,563 $94,711,676
—
—
Profits
cents
March
16.510,557
18 199,040
Ml 577,475 Drl,577,475
———
Total
♦Including subsidiaries
"B"
class
131,232
22,950,862
112,456
4
———-
stock.
common
•
Period—
International Safety Razor Corp.—Resumes "B" Div.—
2,632,134
10, 217,857
'8 262,443
—
■————.—
•'
Sales—:
,
surplus
Capital
13
to holders
159, p. 8.
The directors have
■
60
131,232
515,150
■—
—-—
declared
outstanding
the
payable April 1
1942.—V.
5,479,703
2 ,261,867
(estimated)——
taxes
and
tCash
499,908
1 .417,697
■
—
shrs. of
348,100
31, 1943, amounted to
$3,261,298,
comparing with
were
Jewel Tea Co., Inc.—Sales Show Decline—
quarterly dividend of 20 cents per share on the outstanding class
stock, payable March 10 to holders of record Feb. 19.
On Dec. 15, last, the company paid a dividend (No. 2) of 40 cents/
per share on the class B common stock, to holders of record Dec.
1.
An
Initial distribution of
like
amount
had been
paid 011 Dec. 12,
16,945,850
__
'.•■•■•
cents each;"
p.
common
$9,619,400
for
Deposits
A,
A
6,550,332
16 ,945,850
5 ,399,046
payable and accrued accounts—
returnable containers—-—-
Accounts
ton
Dec.
$4,619,252, respectively, on Dec. 31, 1942.—V. 158, p. 2581.
Payments last
62%
1,
stock,
of
as
liabilities
current
ular
22,809,890
7,606,616
par)—$9 ,619,400
Jan.
on
share, on
per
1
Liabilities—
Preferred stock ($100
directors
The
$1.25
series
$96,504,563 $94,711,676
Total
preferred
of record Feb. '3.
June 1 and Sept.
1859.
account
on
/
155.726
3,304,902
5,853,25b
5J0.4/2
-*'•
declared
been
convertible
Indianapolis Water Co.—Declares Dividends—
2,132,710
10,763,696
notes
and
Materials
to holders
1
has
cumulative
10,223,898
29,718,150
securities--..—
Government
U.
—
(contra)-,
items
reimbursable
and
payable March
$50,
share
per
5%
in 1942.
$263,400
assets
-
5,738,981
9,059,277
3,575,2fad
10,217,857
———
cents
the
on
year were as follows: March 1,
and Dec. 1, 92V2 cents.—V, 158,
5,000,000
,9,942,428
c'Soo'nS?
—
deposit——
on
62 Vi
accumulations
par
•
$18,506,405
-
■
hand
on
"
of
dividend
A
of
*1942
*1943
Assets—
(Plants and
and
Current
of foreign subsidiaries
net earnings
Note—The
tFederal tax provision amounted to $317,800
profits taxes.
excess
1943
in
Illinois Power Co.—62 Vz-Cent Preferred Dividend—
\
.
Monday, January 31, 1944
■
and
(tAver-
$155,150).
(less U. S. capital gain tax of
number of shares outstanding.
Explosivos, S. A.
age
;(y.
•
and
participat'n
contingencies
Net
.
income
194,000
62,500
1,890,200
$134,852
$136,132
$1,500,003
r.
687,500
,
$407,893
-
Total
$4,880,235
_——.—
287,194
252,535
expenses..
171,895
204,024
Depreciation
disc't
Int.
&
for
Provision
_______
$2,594,529
$2.03
of
dividend
A
cents
50
the
on
tribution was made on
Dividend—
Sept. 8,
'
Aug.
sale
Net
stock
*$118,955
(Julius)
has
company
Iowa-Nebraska Light owned
gas
and
382,881
$4,004,152
1,399,255
1,326,191
1,271,039
depletion-
'i 443,697
deficit—-.
$888,993
and
450,293
Gross
$340,000
Electric
of
consisting
filed
consummated
Light's
remaining
Nebraska.—-V.
stating
Sept.
on
of
8,
consist
assets
that
A
the
$290,125'
$599,191
of
•No Federal taxes on
income.—V.
transactions
gas
mal
annual
for
report
from
discloses
1943
$34,253,144
the
at
"
-
Net
represented
share
with
by 2,387,510
from
814.64
increase
an
Dividends
in
were
securities
in
cents
share
per
the
totaling
dividends
all
the
$19.75.
cents
(Aust.)
$5,924,042
$6,160,217
[\
'/• V
*
;.
;\v
;V» *
.y
—
portfolio
of
(representing
the
and
increase
net
asset
34.9%
of
«
value
dividends
the
and
interest
Of
company.
current and
these
accumulated
received
-
v
■
Years
Account,
Ended
Dec.
'
$1,749,931
$1,664,597
51,050
19,803
stock
income.—
Expenses
excess
288,230
242,874
income—
Net
the
fiscal
has
been
$1,492,581
791,384
Net amount for participation
on
Jan.
15
—
declared
and
reported
a
net
of
A
sales
and
31,
3,282
$2,087,306
$2,314,165
$2,613,011
1,623,816
1,797,973
1,821,627
paid._
earnings,
•Exclusive of
Dec.
realized
31
and
$463,490
unrealized
$516,191
-
'
23.357,600
—
Capital
Balance
of
'Total
gains and losses
Dec.
stock ($5 par)
of paid-in surplus account——
earnings
;
—
'
Value
•_
—„:
Unrealized
appreciation
of
investment
31,
on
$791,384
—
—
$7,983,254/ :.
6,233,357
__
Capital, as per balance sheet————______
Balance
Sheet, Dec. 31,
$11,937,550
27,036,520
45,253,279
37,533,360
$47,157,479
1943
Assets—
Price
under
Renegotiation' Act-.
Adjustment
Federal
for
credit
Board
>'>:•
:
income
receivable from
Dividends and interest
Total
sales of
loss
capital shares—
receivable.
amount
45,253,279
Department Price
•
--p-'y.
^
y.
V--''"'''".>
/,
:
1944^
•
.
_
;
Accounts payable for
repurchase of shares for the treasury.
Provision for Federal income taxes
;
Provision for estimated Federal
..capital stock tax and Massa¬
chusetts excise taxes
;
Accrued
expenses
Capital
Total
-V.
IIIII""*!!"
.i,
158, p. 1732.
—
the
153,636
$47,379,706
Liabilities—
3,
the
prior
record
Feb.
on
25,
at Dec. 31,
as
——
$58,947
to
$11,059
under
the
.•?.
1,752,723 /•.
p
.
7>5°
*$2,826
——
determination
*.01
proposed
by
the
War
Adjustment Board and $25,942 under the. settlement
the company, said William S. Jack, President,
Due
deferred payment of such refund
the financial requirements
to
of
post-war conversion will not be relieved thereby.
•.
The
net
profit after 'Federal
taxes on, income, but
before re¬
negotiation of war contracts is based Upon an audit report made by
Ernst & Ernst, accountants, as adjusted by The Bureau of Internal
Revenue.—V.
41,059
159,
p.
12,803
$47,375,706
Net
Sale
•Net
per
share—
May
25,
1943,
'
of
Aug.
25
amounted
and
to $4
Nov,
24,
last
share.
per
director to
a
.
year.
succeed
j/..'/'1/./''
*
Co.—Hearing
1941
1940
$3,076,282
$2,391,287
$1,495,984
*133,752
$0.47
$0.35
212,998
$0.5.5
233,343
$0.61
interest, depreciation, amortization, State and Federal
income
on
Plan—
hearing Feb. 15
a
Laclede
the
electric
including
Power
&
..
properties
operated
by
.
Laclede
Power
&
properties
leased
from Laclede Gas,
to Union,
Mo., at a base purchase price of $8,600,000, and alloca- i
tion of $2,200,000 of such purchase
price to Laclede Gas as its share
of such proceeds of sale;
•
-•
■
—
;•
Electric Co.
of
.
Transfer
to Laclede Gas by Laclede Electric of its
remaining
(except cash) .estimated, as of March 31, 1943, at approxi¬
mately. $29,000, and the dissolution of Laclede Electric, after the dis- f
charge of its liabilities;
• •
-.
assets
....
(3)
Issuance of
shares
11
of
new
stock
common
of Laclede
Gas
($4
in exchange for each share of present 5% cumulative preferred '
stock ($100 par) of Laclede Gas, and
the issuance of one share of'
par),
new
'stock
common
share of present
(4)
by
Issuance
it
in
and
of
(a)
Gas
the
Laclede
of
Ogden
Gas
stock
common
to
of
for its present
stocks, in the ratio
new
owned
by
effective
stock
common
Cancellation
of
of
of
par)
in
exchange
for
each *
Gas ($100 par);
\
149,261 shares to be received
holdings of Laclede Gas preferred
provided
Laclede
$2,000,000
Ogden,
date
($4
Laclede
(in addition to
exchange
common
shares
after
payment
plan;
the
of
for
Gas
collateral
above)
($4
trust
par)
6%
of
in
2,000,000
return for:
notes
interest
accrued
of
Laclede
thereon
to
.(b)
Payment to Laclede gas by Ogden of $905,000 cash;
(c) Payment to Laclede Gas of Laclede Electric's share of the cash
proceeds from the sale of the electric properties, less such portion of
such
proceeds
Electric
not
Assets
to
necessary
assumed
Gas is estimated
(5)
*180,152
profit
•After
Light,
of
Light, Co.,
to
by
Union
to
upon
surrender
amount
equal
to
Laclede
Electric
aftel
the
ment
to
Laclede
($2,200,000);
(6.)
Sale
Gas
of
their
Such
share
liabilities
of
payment
to
Laclede
"
Laclede
'
1943, approximately $d,075,000;
by Laclede Electric as pro¬
minority
for
pro
all
Gas
holders
cancellation
rata
consummation
its
full
Electric.
Laclede
paragraph No. 2 above;
by Ogden to the
Electric,,
in
be, as of March 31,
transferred
cash
a-
discharge
Payment
Laclede
$3,231,911
sales
tEarnings
1942
account
on
oil the plan filed with it by:
Light Co. and Phoenix Light,:
Heat & Power Co., subsidiaries of
Ogden Corp. regarding the following
proposed transactions:,
•.
(d)
1943
declared
been
stock, no par value, payable
Similar distributions were made
dividend of four cents per share and the usual quarterly
eight cents' per share have been declared on the common
$1, payable Feb, 20 to holders of record Jan. 31.
In. addi-
Gas
vided in
3 Months End. Dec. 31—
has
10.
of
J-The SEC will hold
Laclede
217.
Joy Manufacturing Co. (& Subs.)—Earnings—
47,157,479
•
preferred
Feb.
Secretary, has been elected
Douglas.—V. 158, p. 1734.
Laclede Gas Light
-
87,982
21,437
share
per
$5
of
Holloway,
par
(1)
;.v
proposed-by
33,287
I
—
Management fee payable Jan.
$1.50
.
*$7,000,000
and
profits taxes paid on amt.
refund—5,247,277
$1,939,505
Accounts
.
of
34.18
Notes—The post-war refund of excess profits taxes payable Dec. 31 of
the second full calendar year following the cessation of hostilities, would
Investments, at market quotations—
S0.92
to four
regular quarterly payments of eight cents each -made
during 1943, the company last • year made special distributions of
eight cents each on Aug. 20 and Nov, 20.—V,.158, p. 1638.
v
:/.
26.69
.
.
offered,to refund to the Government $4,791,821
through
renegotiation of contracts, of which there is deducted a
$3,592,002 credit for Federal income and excess profits taxes paid on
amount of refund, which leaves a proposed settlement' of $1,199,819
which would still be due and payable.
Deducting the latter figure
from the $1,749,897 net profit before renegotiation of contracts, there
would remain a balance of $550,078 which the company would place in
reserve for post-war jobs.
"
/
/ ~ \
William S. Jack, President, stated that he would refer the order of
the ^Price
Adjustment Board in Washington
"to the highest legal
authority in the United States and fight it out to the end."
———I,— $39,437,560
securities—
—
$506,237
$0.83
tion
65.82
investment
463,490
___
*$454,163
_
on
Archibald
special
stock,
•The corporation has
—
2,024,946
,»
Knickerbocker Fund—Special Distribution of 4 Cents
A
" %
7.49
profit bef. renegotiation of war contracts
$1,749,897
Refund determined by War Depart■
''//■ 'i;'
of
1943
at market quotations
-
late
(2)
Capital,
Undivided
■
the
100.00
>
15,374,346
profit before Federal taxes on income—
income and excess profits taxes———
-Indicated
Statement
,
1942
$2,531,183
1,816,652
—
—
of
issue
dividend
Net
Less
securities.
-
profits taxes
for
holders
Arrearages
for
1943
Amount
expenses—-—:—-———_
to
Edward
$4,185,560
excess
•Undivided
dividend
25
this
on
•
profit of
Renegotiation for Fiscal Year Ended Oct.
—
Net
"
13,791
—
dividends
Cash
397,825
Oct. 31, 1943.
It was stated that this amount
special fund in anticipation of renegotiation of
post-war reconversion.
ment
Total
share
(G. R.) Kinney Co., Inc.—Accrued Div.—New Director
334,442
Federal
in un¬
holders
per
1943
excess
5,625
earnings——
to
———. $2,270,815
and
credit
accumulations
Sales
prior
taxes
divided
231,831
profits tax
,
697,717
26,918
of
15
1
cents
h
$1,909,669
516,191
31.
50
for possible
ended
placed in a
year
and
contracts
237,659
$1,557,324
•_
earnings, Dec.
Adjustment of overaccrual
year
$1.05
■
corporation
Cost of
Undivided
stock,
common
of
earnings do not include those of the French & Hecht
subsidiary acquired Dec. (29, 1943, nor do they include any provision
renegotiation.—V. 158, p. 2582.
(
$432,636
$0.81
,
$2,147,328
—_
2470.
p,
post-war tax refund.
(On combined
stock
290,285 shares of class A and 257,982 shares of class B stocks.
Heintz, Inc., Cleveland, Ohio—Earnings—Re-
Jack &
*
$1,735,455
quarterly dividend
par $3,
payable Feb.
a
charges
income
•Before
133*385
$1,845,554
—
$335,173
•
State income taxes—
and
159, p.- 8.
Results
Total
declared
Net profit.
(Earnings per share..
Feb.
$2,013,943
50,100
—
.
in
p '334,902
(412,000 shs, of common)—
'
Federal
The
45,522
dividends
Dividends
_L__
Federal
—V,
1941
Interest
shave
the
on
after
Federal
$767,539
334,902
158,
Kelsey-IIayes Wheel Co.—Earnings—
V ,23,812
$670,076
J negotiation Proceedings in Dispute—
1942
of England.—V.
3 Mos. End. Nov. 30—
719,170
:
$333,032
.
31
1943
.
Cash
stock:
preferred
*
•Includes—
<•,
1942)
'
Kayser-Bondor Ltd.
or
director
share
were
the year with
Government bonds.
of
Income
Balance'
95%. Invested in corporate securities at
the remainder in cash, receivables and U. S.
company
on
188,575
$297,823
.
—
Earnings per share
68
earnings)
per share
charged to undivided earnings account and 12 cents
(representing interest received on "reorganization rail bonds" in
charged to paid-in surplus account.
assets of
accrued
—_—
Pty.. Ltd.
Profit
$1,486,710
'
>
——_
185,550
Note—Above
from
dividends,
net
$521,607
stock—
common
on
of record Feb. 1,
Previously, the company paid 75 cents
each quarter.—V. 157, p. 2349.
■ /v/c/
5!
.•
J/Vr'""':
4,461,144
$1,462,897
669,511
income
Dividends
were
The
Net
$483,373
__—
paid
Kearney & Trecker Corp.—Reduces Dividend Rate—
r
$1,339,587
deductions
compares
were
the end
income
Income
Composite average of 18.8%. share were paid in 1943.
These
per
from
shares,
This
Dow-Jones
80
derived
Gross
assets
net
income
..Note—The above figures do not include the
earnings of Julius Kayser/
/
so
.
beginning of
outstanding
to
~
total
the
/ 515,016
28,350
surtax—
Balance
;
1942
1943
r'
operating expense and taxes—4,855,172
Vv, ** •''. ,.i': V.j*. '* •
the year, represented
to $47,157,478 at the end of the year,
by 2,341,086 outstanding shares,
per
that
325,756
367,800
nor-
profits tax.—
Dividends
Co.—Earriings-V
earnings from operations.——$1,305,045
Other income, net
*.
•
34,542
Incorporated Investors—Annual Report—
The
32
145,148
v
for Federal and Dominion
taxes,
and
Excess
per
Service
—_
Increased
$1,210,153
454
147,302
•
Provision
Iowaproperties in £
Net
159, p. 8.
47,153
$1,324,685
■
—
Depreciation—.
158, p. 2047.
Operating revenues
$91,765
>•
:7
$1,163,000
„__•
Accordingly,
1943.
only
of common
certificate of
shares
4,000
indebtedness.
account
open
subsequently
was
were
Iowa Public
•Total
Net
operations
Income
.
12 Months Ended Dec. 3 W-
*1,852,528
1,841,066
-
,
•
1942
64,906
from
Interest
-
-
Deprec.
V1943
$1,259,779
•
income
The
$4,431,057
1,436,086
317,754
,
Kayser & Co.-—Earnings—
income
properties in
Missouri.
Maryville
the State of
320,368
349,558
——
the
Gross
Other
that
1943—12 Mos.—1942
$798,290
$287,143
-
charges
2581.
the
of
authorized
1943—3 Mos.—1942
158, p.
6 Months Ended Dec. 31—
declaring
opinion
1943,
all
notification
(& Subs.)—Earnings-
revenues
'Taxes
Fixed
Be
company.
1943,
16,
of
Nebraska
Hudson Coal Co.
to
Ceases
./ :
/''../'v.,./*
•/. '."-v.
"
the Commission approved, among other things,;
properties of Iowa-Nebraska Light, located in the v:
State of Iowa, to Iowa Power & Light Co., a subsidiary of Continental
Gas & Electric Corp., and the transfer by Iowa-Nebraska Light to its
parent,
Continental,
in
partial liquidation of
all the
outstanding
1941
1942,
$20,235
1943
Period End. Dec. 31-
holding
a
northwestern
On
the
•
.
to
securities
$100,325
—
1638.
p.
in
Corp.—Earnings—
_——
158,
Prior
share has been declared on account of
cumulative convertible class A stock, no
Ended Aug. 31—
profit
•Loss.—V.
be
to
—
,
its
issued
Co.
and
facilities
for
furnishing gas, electric, ice and steam
heating services in southwestern Iowa as well as all the outstanding
securities of Maryville Electric Light & Power Co,
The latter company
supplies gas, electric and steam heat services in and around Maryville
<
"
6 Months
has
SEC
ceased
15 to holders of record Feb. 1. A similar dis¬
this issue on Sept. 15, last; none since.—V. 158,
Hotel St. George
—V.
,
Power
&
Nebraska
p.. 984.
Net
The
per
$2.75
payable Feb.
value,
Light
Holding Company—
$1,595,320
724,004
$2.01
724,004
$3.40
*1,111,460
$1,613,608
721,537
profit ——
stk. outstdg.
com.
accumulations
charges and taxes.—V. 158, p. 2363.
$717,962
138,582
11,887,048
3,972,498
2,635,705
Hobbs Battery Co.—50-Cent Accrued
par
•After
206,248
325,379
Iowa-Nebraska
$1,785,441
721,53.7
Earnings per share—$2.28.
•~V. 158, p. 2581.
"♦
Net
Shrs.
243,152
«
&
income
profits taxes—
excess
$4,069,187
$7,023,586
income
.53.18
;—_
*
________
of
share
of .the
the
in
of
the
sale,
the
stock
of
such
of
stock,
of
net
assets
of
and
proceeds
of
after
pay¬
such
sale
•
by Laclede Gas of $19,000,000 of
new
first
mortgage bonds
*
Volume
and
159
Number
$3,000,000.of serial debentures, and the
gether with other available cash,
(7)
.
Payment
and
discharge,
Laclede
standing
Gas's
the proceeds,
of
use
set forth forth
as
the
at
gether with accrued interest thereon
of
THE COMMERCIAL & FINANCIAL CHRONICLE
4251
opment
to-
below;
^
to
amount
.Scotia
the
(8)
""vA^'v
Sale by Ogden of all of
by virtue of Laclede
158, p. 2544.
the
acquire
—V.
He
reserves.
said
•;V.. /;
;.;r/U
;7"V
•
new
Gas's
the
to
The
six
.
Gross income from sales,
royalties, etc.-
have
authorized
period ending Dec.
of the corporation.
bonds
record Jan.
31,
interest
an
31,
1943
payment of 2% for
the 5J/8% cumulative
Approximate figure.
Note—It
is
stated
""v'
that
bonds
on
The payment
will be
made
in¬
Feb,
on
"" \
'
and
reduced
Goodridge,
Treasurer,
that
announces
interest
the
on
Total
the
____—*21;
administrative expenses
and
Adjustment
Lehn & Fink Products Corp.—Earnings—
•Net
profit
'After
-
1943
share—,.
charges
and
in
1941
$348,387
$0.87
income
1940
$312,873
$0.78
$0.87
tOn
taxes.
taxes
1943,
for
the
Note—In
$224,700 in
months'
1942,
and
period
amounted
to
accordance
in. 1941.--V.
$184,000
Balance
Assets—Cash
Life Savers
The directors
•
common
This
In
receivable
with
40
extra
an
last.—V.
cents
per
distribution
share
previously
of
cents
70
per
paid
each
729;
158, p. 2470.,
Calendar Years—
,
1943
1942
1941
and
Net
sales
are
amount
Sheet
bank
347,258.297 294,351,573 275,103,588 246,265,854
Costs and expenses— 309,697,605
260,222,665 243,445,710 217,205,864
Depreciation
1,167,562
1,228,217
1,271,986
1,254,373
accrued
credits,
at
as
of
the
$35,472
indenture
outstanding, interest
f
under
to
mortgage
V.
158,
thereon
of
of
Dec.
31,
$492,218;
be
paid
loan,
stock
on
Ruhf
Operating profit
income
Total
__
36,393,130
-
32,900,661
30,385,892
income
322,201
807,297
854,419
660,264
36,715,331
33,707,958
31,240,311
28,465,881
._
___;
price & par of 77<? bds.
income
Federal
excess
Post-war
Interest
Prov.
9,475,856
prof, tax
for
9,561,741
10,522,399
7,793,713
Crl,052,240
1,377,333
15
34,466
bonds
contingencies
1,
Govern¬
1944,
$107,090;
amortization
of
$1),
deferred
$152,135;
'
income
1,294,898
An
extrjj,
dividend
Common
Earned
of like
15,684,695
15,684,695
___•_
3,215,937
56,330,038
3,314,070
53,015,969
704,578
52,311,391
Dec. 31
59,545,975
56,330,038
53,015,969
$4.52
$4.55
1$5.22
purchase price and
company
stocks in
Carroll, Treasurer, states:
Renegotiation of 1942 U. S. Government
refunding
&
Consolidated
Balance
Sheet,
Dec.
'
.
has
resulted
buildings
film
in
__
;
receivable
cents
share
Feb,
extras:
the
declared
holders
On
the
Feb.
Feb.
of
usual
———
the
on
record
:
•
rental
22.
•
$
.
$
-
124,213,557 133,375,151s
2,431.834
Rent
■Int.>
<
debs,
on
payable
Int.
on
•
; - and
40,894,055
631,219
exp.___
35,458,909
514,013
664,695
3,165,540
5,703,793
1,911,514
2,173,084
7,824,391
6,018,046
15,850.690
dividends receivable—
Interest and
•
Notes
receivable—subsidiary
25,935
3,549,166
513,809
473,303
1,330,763
credit
1,925,000
1,779,861
—
Deferred charges
2,137,500
i
'
__J—•
297,105
Liabilities—
-
<-
stock
preferred
1
:
stock
Common
Funded
_
B__„____
263,493
2,000,000
'
3;270^664
3,190,031
4,955,851
3,722,875
—
Accounts
payable
profits taxes
15,786,584
1,976,661
24,423
660,265
559,974
419,297
70,030
45,753
94,862
98,342
99,983
'
Special
reserves
Earned
surplus
427,298
365,297
2,462,412
101,271
of
883,580
383,580
.—,—_—
59,545,975
56,330,038
...
"9,323
.
__
1
Total
deducting
-
depreciation
(1943,
243,909,136 218,046,432
$20,987,138; 1942, $19,877,658).
158, p. 2363.
57,045
directors
The
on
the
and
•
on
Jan.
25
declared
a
dividend
of
10 cents per share-
stock, no par value, payable Feb. 21 to holders of
Payments last year were as follows: Aug, 23, 10 cents;
common
Feb.
Nov.
5.
20,
15 cents.—V. 158,
p/1939.
Lion Oil defining Co., El Dorado, Ark.—Plans to Start
Drilling Operations in Nova Scotia—
:•
Col. T. H. Barton, President, announced on Jan. 25 that this company
planned to commence drilling operations in Cape Breton, Nova Scotia,
where it has; exploratory licenses covering more than 800 square miles,
as
soon
as
geophysical
period
In
fields,
of
weather,
and
conditions
geological
Col.
Barton
the company's
on
11,134,593'
6,672,287
4,997,086
4,997,084
3,331,386
1,665,713
■
887,718
permit.
This move follows
work ..in this territory over an
intensive
extended
the company's exploration for oil in these
pointed
out
that this
work
is
in
line
with
one
of
announced major objectives for 1944, namely the devel-
1,665,713
1,665,713
.;
$8.01
Balance
*
$7.02
Sheet,
Aug.
$20,091;
.
mortgage
neutral
countries
and
interest
$6.15
31,
S4.82
Feb.
it
is
prepared
process
to
impound
•
<
11
.
cent
one
11. It charges that tbe Com¬
and is arbitrary and
requirements
2582.
.
,
valuo,
par
to
payable
Feb.
1
to
share
holders
tho
on
of
record
four
quarterly dividends of 50 cents each
company- last year made extra distributions as
the
and Nov.
$2.25.—V.
1,
158,
of
cents
25
cents
share
per
both
payabl
share
per
have
Jan.
15 cents per share was
and
been
31
to
paid
the
declared
holders
on Jan.
usual
quarterly
the
on
of
record
common
Jan.
24.
29, last year.—V. 157,
*
—
Renegotiation Proceedings Com¬
,
for
is
no
change
111.
p.
in
the
earnings
■
dividend
of
75
of
cents
25
reported
as
;
.
Corp,
cents
per
share
have
for
the
year."
-■
Pacific
Electric
Calif., will until
noon
Ry. Co.,
on
share
(N. Y.)—Extra Div.
and
been
the usual semi-annual
declared
on
the
common
10
of
to
$1.62 Vi
the
on
holders
per
share
6'/2%
of
has
been
declared
of
account
on
cumulative
record
Feb., 15.
payments,
Securities
of
and
Exchange Commission
on
Jan. 25 published its
proceedings under Section 11 (b)
Holding Company Act of 1935, dealing with
system of The Middle West Corp.
The Middle
the Public Utility
steam
estate.
subsidiaries
$146,092;
company,
Midland
Midland
Bankruptcy
Act,
not
The
United
Co.,
registered
a
was
Middle
and
the
application
considered
the
in
of
present
public utility holding
by The Middle West Corp.
under
Section
Chapter
11
(b)
X
of
(1)
the
to
its
proceedings.
West
Corp. owns directly the securities of many utility
operating companies.
The largest group of such operations centers
.in the Illinois and
Kentucky section of the country, and they are con¬
ducted by Central Illinois Public Service Co. and
Kentucky Utilities Co.
The
latter
has three small subsidiaries
operating at the fringes of the
Old Dominion Power Co., Dixie Power & Light
Co.,
& Power Co.
The aggregate electric
utility
plant of Central Illinois, Kentucky Utilities and its subsidiaries
is about
$125,500,000.
v
territory; they
•
and
South
Middle
of other
of
West
than
the
stated
that
its
primary interest
was
in
retaining
con¬
group
11
ordered
those
application
(b)
a
(1), found that no other interests could be retained
disposition by Middle West of all of its interests other
which
Commission
graphical
.
Light
of companies.
It expressed a willingness td dispose
properties.
The Commission, after considering the
Section
and
are:
Fulton
trol of this
Sought—
Pacific Electric Building, Los Angeles,
1944, receive bids for the sale to it
of
some of whose securities are held
United is now in reorganization
system
net
in
Feb. 23,
per
transmission,
heating, water supply, urban and interurban railroad and bus
transportation, ice manufacture and distribution, sewerage, "and real
This description does not include the extensive
operations of
1943
and1 other
Los Angeles Pacific Co.—Tenders
The
v
deferred by the Commission to
of the
rehearing petition.
says
is
for
granted
the holding company
West system contains subsidiaries
operating in 15 States and in Canada
and Mexico.
The system companies
operate electric and gas utility
businesses, are engaged in natural gas production and
...
Liabilities—Accounts payable and accruals, $7,001,049; accrued in¬
terest, $203,425;' domestic and foreign taxes, $29,090,008;
due
to
foreign banks, $674,509; sinking fund and instalment payments due
within one year,
$2,296,339; due to affiliated corporations, $9,783;
securities from tenants, film rentals and other deferred credits,
$515,291;
reserve
for
general
contingencies,
$2,021,774;
funded
debt,
$32,763,137;
wholly owned subsidiaries' preferred stock,
$1,814,800;
common stock
11,675,213 shares, no par), $44,213,211; earned surplus,
$71,872,167; total,- $192,475,493.—V. 158/ p. 2554.
!■
no
15
dividend
The
(1)
continental. Europe,
$1,721,722;
assets, $14,556,762; fixed assets (less reserve
for depreciation of
$29,613,606),:$70,559,679; prepayments and general,
$2,555,866'; bond, discount and expense, $757,568; preliminary and
development expense—-foreign, $385,832; total, $192,475,493.
netv
not
opinion and order in the integration
stock' out-
redemption value), $3,115,904; foreign government securities
cost (foreign market value $427,000), $428,319; notes receivable,
$36,881; accounts receivable, $4,405,839, inventories—at cost, $52,560,793; due from affiliated corporations, $29,810; advances to outside
in'
Court,
petition
Properties Except Kentucky and Illinois Companies—
8,908,470
884,143
v(current
time.
commenting
•
12,132,606
Assets—Cash, '; $2?6,678,828; U. S. Govt, securities—at cost (market
$14,542,000), $14,515,507; U. S. War Savings bonds, Series 'F"
investments
Supreme
1651.
p.
value
assets
Lindsay Light & Chemical Co.—10-Cent Common Div.
California
36,109
442,071
:stock___„__
.producers,
the
preferred A stock, payable.
Payments last year were as
follows: March 10, June 1 and
Sept. 1, $l,62.v2 each; and Dec. 1, $8.12Va.
Arrearages as at Dec. 2, 1943, amounted to $17.50 per share.—-V.
157,
—(it
i
tAfter deducting reserves of $4,473,163.—V.
record
13,422,853
Consolidated
v;
to
Middle West Corp.—Gets Order to Divest Itself
of All
^
y
Cali¬
par
March
368,619'
T
divs;(cash)__
com.
common
due
p.,
addition
accumulations
218,313
62,028-
dividends—
18,050,000
.
the
Merritt-Chapman & Scott Corp.—Accrued Dividend—
A
capital
.
19,540,995
—
•
of
trolley and bus
Stay of the order pending
cents.
$5, both payable Feb. 3 to holders of record Jan. 24. Similar
payments were made on Feb.-2 and
Aug. 3, last year, and on Feb. 3
and Aug. 4, 1942.—V.
157, p. 555,
and
vstanding (no par)—1,675,213
Earnings- per•share on '
1
1,689,199
33,000,000
26,100,302
i
—
Shares
v
•"
Volt, President,
extra
stock,
invest-
advances-
profit---—.___
,t
'
683,730
35,044
of
—
Common
21,962,450
365,297
____'
—
payable
Accrued taxes
'After
21,829,050
424,964
—
dividends payable___„——_'
vNet
first
-
A.
159,
An
1,800,855
divs.—subs,
Preferred
56,927,075
payable———;
Preferred
-
,
6
to
has been
-
dividend
3,551,357
-
Partly; owned:corps.
21,496,400
similar
the
2192.
p.
cents collected after Feb.
158,
$10,
of
"There
•
-
20,874,100 ' 20,874,100
21,496,400
56,927,075
—.—
debt
•Accrued interest
Notes
•
———.
A
,
on Jan, 21 announced that "renegotiation
the year 1942 have been
completed, which includes
final determination
by the War Department Price Adjustment Board.
.
7%
Common .stock
/
Francisco-—Appeals Fare Cut
Merchants Fire Assurance
237,841
1,000,000
_________
243,909,154 218,046,432
7
made
(The) Mengel Co.
pleted—
y
disc't
Net.undistributed inc.—
Total
31.
was
consideration
dividend
of
par
475.
—V.
kv asset of ^partly -owned
corporation
Miscellaneous,deductions
575,381
158,
May 1, 25 cents; Aug. 2, 50 cents;
proceedings
•V'
779,371
"
819,106
Co.—V.
from
violates
1943.
extra
Alvin
•/'
5,453,286
Loss ,011'itsale
4.529
pro¬
1,351,778
275,335
,
520,842
1,262,134
'p.
3,584,127
1,204,967
•
3,429^034
and
affil.
28.852
81,541
company____
receivable," due' serially—
Post-war
.
its
the common
on
Jan.
which
1734.,
An
5,112,068
3,428,354
515,313
prop.^"_
share
affiliated, corporations
ments
with
In
~
dividend
1,941,514
2,419,965
8,916,675
3,477,303
taxesra'
Write-downs
Pref.
record
year,
'■'
Service
which ~is
stock,
20.
stock,
Minority, interest
439,005
V". 3,001
of
last
asked.
seven
during
follows:
9,061,210
expense
excess
is
order
paid
661,079
and notes
'Federal i income
'Fed.
f
other
bond
holders
to
July 10,
1941.
reduction
Jan.
p.
4,277,235
payable_._
of
fare
An extra
(Loew's, Inc.)
bonds,
mtges.
notes
of
Meier & Frank Co., Inc.—Extra
Distribution—
357,227
leased
on
per
1,746,836
713,172
,j,
on
100%
cents per: share has been declared
made
Francisco
connection
(inch
and
almost
138,303,292
films-
adm.
is devoting
with
common
2,468,133
1,764,489
.
advertising
estate
In
.
11,784,683
52,179,936
and
Manager of the corporation's
Department,
was
announced
making the announcement,-Mr.
as
Termination
company
Termination
'
petition,
line
34,716,305
taxes
—
Mayfair Investment Co., Los Angeles,
Calif.—$1 Div.
''The directors have declared a dividend of $1
;
12,008,935
■
Contract
cos.)
1940
32v836,509
Gen.
12 \k
Dec.,
capricious.—V.
44,300,517
film
the
Public
San
mission
12,759,407
of
since
out of each
"
tAccounts
in
The
:
560,153
exp.)____
of
bo
Broad
*
company's statement at the time of the
.rehearing before the Commission that if rehearing were
recourse to courts would be taken.
■.<//•/:
An
44,780,348
Real
1
in
year
14,137,010
7,356,289
19,050,784
'
will
So.
^
•)-^
2,457,388
690,415
Hubert
J,
payable Feb. 10
was
Ohio
The
157,927,360 135,212,080 128,970,033
Prov.::,fQr< contingenciesDepr.: of bldgs. & equip.
.to
•;
^
13,751,766
———
L
135
share.
a
President.
Company in court petition
1941 .•.'
,
$
*
that
$1,
par
adjudication
and affiliated
2,402,757'5' 2,070,553
accessories
8,859,911
••
439,005
"".-f 3,001
$'
2.631,077
trustee,
•/: The company has appealed from the reaffirmed order
fornia Railroad Commission that it reduce
its basic
common
Jan.
f "
-
152,203,111 130,052,920
Producers', share of film
rentals^
'
198,254,097 182,011,902
__
etc.
Co.,
Creates
—
Order—
27.
42,168,335
Cost
g <
1 :vV;.-
L————
■____
-
7,779,055
V
1942
%
1, 1944, for
sinking fund
9.
quarterly
1, July 31 and Nov. 1, last
>
$2.90
Market Street Ry., San
per
on
record
Amortization
and
•';{•
J : V; ;
estate, machinery and • fixtures-'^—
Brands, trade-marks, goodwill, etc.
Leaf tobacco, middling stock and op. sup.
Stocks in subsidiary: company__i_____L_____.
Stocks in foreign tobacco companies_i_____l.
Accounts
of
Oper. of film distribut'n
1942
1943
•Real
films;
income___
office
31
.
Cash
15
per
1639..
and
been
to
1
on
1943
*
Miscellaneous income___
Total
r,
war
dividend of
See
of
in
income_^_^_di_;^
Amort,
V-
of
30
Marion-Reserve Power Co.—New Control—
.*
.
•
Other income—______
Government, after deduction of Federal income
and excess profits taxes applicable thereto, a net amount of $109,250,
which has been charged against earnings as an expense in 1943.
The
1943 U. S. Government contracts may also be subject to renegotiation,
but the effect, if any, cannot be determined at this time.
The inventory item on the company's balance sheet shows an increase
pf $16,242,195.10 compared with Dec. 31, 1942, due primarily to higher
cost of leaf tobacco.
This, together with expansion in sales, required
additional money.
In September, 1943, directors authorized a five-year
revolving credit arrangement- with 14 depository banks.
Under the
•terms of this agreement.loans will be made available to company by
'these banks, as needed,; over a period of five years, up to an aggregate
of $75,000,000.
This llexible credit arrangement is considered desirable
for the company, particularly under war-time conditions.
i Assets--
paid
'
Operation of theatres &
1
contracts
sales
Rent
the
to
1639.
.
foreign tobacco companies.
Ben
the
amount was
p.
:
trust
in
payable Feb.
Theatre receipts, rentals
of 7% gold
the year as
par
158,
1943,
Aug.
$12,703.071.—
Consolidated Income Account for Years
Ended Aug. 31,
S6.Q2
against investment
share
per
share
per
have
(Incl. wholly owned and; partly owned subs,
purchased and canceled during
indenture.
tOn 3,136,939 shares common and com¬
mon B stock outstanding (par $25)..
{Excludes $2,141,309 representing
net processing tax refund which was appropriated to a reserve to
apply
required by
both
cents
Loew's, Inc.—Annual Report—
\ 52,311,391
difference: between
this
—V.
3,193,359
49,118,032
share
per
,»ThiS is the
of
10,979,286
of, 10
cents
$25,
tho
on
In
on
159,
payment
before
1,461.187
surplus
surp.,
tEarnings
bonds
1,461,187
10,979,286
surplus
Previous earned
•
20,339,241
1,461,187
(7%)--
dividends
Balance,
17,850,460
1,461,187
15
L
159, p. 9.
; ;
dividend
quarterly dividend of 15 cents
payable Feb. 29 to holders
dividend
of
stock,, par
15,656,410 $15,754,543
extra
an
to
distribution
Loew's Boston Theatres Co.—Extra
Distribution—
293,872
1.28M16
Feb-
Marine Magnesium Products
Corp.—12V2~Cent Div.—
A
rate
500,000
_________
dividends
declared
to
Contract
declared
stock,
liabilities
V,
■
company paid the following
Nov. 30, 35 cents.—V.
158, p.
on
.-hare
per
in¬
first
deficit
total.
$10,
par
the
cents, and.
extra
Net
Pref.
have
usual
1943,
$2
per share
materials and has had no major contract
terminations
date, but is organizing and preparing for the
complexities attendant
on
the termination phase of war
production contracts,
v
In his present position Mr. Hubert
will work In close alliance with
J. E. Savacool, Vice-President and
Comptroller, and all policies of this
new
department will emanate from the Comptroller's
office.—V.
6,503,404
3,786,246
.
the
stock,
During
Cr779,371
1,612,906
credit
on
29,947
8,287,242
______
tax
and
common,
of
record
S3
p. 217.
Feb.
bonds, Dr$l,426,484;
" vy-•
directors
share
•Difference between pur.
Federal
The
641.
do
States
Lionel Corp.—To
Pay Extra Dividend—
27,805,617
.
_______
of
March 3,
on
24.—V.
dividend
a
holders
to
share
of George
created
duction
United
$7,740,116;
(par
amounted
Appointment
______
Other
157, p.
expanding its production schedules for tractor and
Watts, Secretary.
Net earnings for 1942, after deducting
paid in- settlement
of
the
company's liabilities under
recently by C. T. Ruhf,
1943
333,223;
$2,385,616),
capital
discount
1172.
p.
1944.—V,
company is
newly
thereon
w,
required
$335,096;
amortization
___
20 declared
per
Trucks, Inc.
Department—
of $107,090.
balances,
$12,703,071.
accrued—first
interest
1940
Jan.
on
Mack
(market value
$754,350) at cost, $750,000; accounts
reserve), $19,515; fixed assets (less
depreciation of
$11,305,609; prepaid expenses and deferred
charges, $135,-
total,
29,
;,//•7'"'"/V"'
2,369
mortgage loan payable within, one year,
$118,243; accounts payable
and
accruals, $66,596; 3Vz':/o. first mortgage
loan, due Feb. 1, 1961,
$5,577,056; 5J/2% cumulative income bonds, due
Aug. 1, 1963 (including
Liggett & Myers Tobacco Co, (& Subs.)—Earnings—
;
and
Liabilities—Interest
terest
Feb.
The corporation's present
backlog consists largely of orders for tho
company's-regular products on high priority ratings, it'was stated.
V. 158, p. 2470.
(less
quarter.
share was made on
3,
held
108,229
_____
provisions
securities
$1,339,791),
par
compares
1,
Corp.—Larger Quarterly Payment—
have declared: a dividend of 50 cents per share on the
$5, payable March 1 to holders of record Feb. 1.
stock,
addition,
Dec.
ment
the
1, 1944 in the
158,
Jan.
now
Payment
renegotiation,
151,368
bonds issued upon
reorgan.
on
with
cumulative income bonds
2470.
p.
incl.
and
to
payable March 3
paid 92
per share on Dec,
The
corporation's
applic. thereto.
of first mortgage loan
expense______
is payable Feb.
$2
ing to J. L.
'the refund
$367,991
70,553
bonds
surrender and retirement of
after deduc. of disc, on bonds
which 5 J/2 %
six
income
Prof, before amort, of disc,
.
shares of
400,000
cumulative
upon
bonds
Amortization
•
hV
income
$382,000
r-
$350,948
$0.81
Federal
stock.
Federal
1942-
-
$323,512
,
tEarningS per
common
v ine,
:
6 Mos. End. Dec. 31—.
5Vn%
$5,026
Lynch Corp.—1943 Earnings $2 A Share—
307,682
_____
\
than
made at
the Fidelity-Philadelphia Trust
Street, Philadelphia, Pa.—V. 158, p. 1639.
227,544
100,089
Net Inc. .fdr'.-Calculation' of int.
req. to be paid Feb. 1,1944
.Depreciation of fixed assets
on
of
sum
The company has called for
redemption as of March
account of the sinking fund, a total of
$79,000 of 4a-»<«
due June 1,
1952, at 100 and interest.
$1,003,306
>
___
City real estate taxes.
Interest on first mortgage Ioan__.—._„_._
Interest
the
Lukens Steel Co.—Debentures Called—
66,353
New York
mortgage (income) bonds represented by coupon No. 23 will
be payable Feb. 1 at the office of
Halsey, Stuart & Co., Inc., paying
agent, in the amount of l'/b of the principal amount of the bonds.
No interest is payable on the debentures.—V. 157,
p. 554.
stock,
company
and
$936,953
including int. earned
—_——____
Operating
first
exhaust
debentures
.
Concession income and miscel.
income,
LaSalle-Wacker Corp., Chicago—Interest Payment—
John
later
event
to
prices to be named by iht- holders, plus
including date such bonds are surrendered
the
Rental. Income after
(closed)
at
and
to
directors
.capital
•
Income Account Six. Months Ended Dec, 31, 1943"
rebates, allowances, etc—
;
final report for the year ended Dec. 31,
1943, will be issued in March, 1944.—V. 158, p. 2470.
sufficient
fund,
interest
in no
The
1,
1944.
indebtedness secured by the first
mortgage on
the Lincoln Building by the payment thereon
of $57,594, the amortiza¬
tion required by the terms of the
mortgage.
the
sinking
Louisville & Nashville RR.—$2 Distribution—
the
*
'•*
Pacific Co. first refunding mortgage bonds One
amount
an
-the
accrued
During the six months' period ending Dec. 31, 1943, the
corporation
acquired for cancellation and retired $168,750 5V2V0 cumulative income
$4,106; 102
"*$5,012,000
months'
come
".1942
1943
•
directors
to holders of
Lane-Wells Co.—Estimated Earnings for 1943—
Calendar Years—
Los Angeles
1950, to
in
Lincoln Building Corp.—Bond Interest—
v
it will
public.
which
stock,
common
reorganization,
of
'/■:"/
/ '/■
449
but
hands
gage collateral and
$32,529,000
oil
refunding
and extension mortgage 5%
bonds, out¬
of the public, and its outstanding first mort¬
refunding 5Va% bonds, series C and D, aggregating
principal amount, as of March 31, 1943;
•
in
crude
that the company
under a license issued by the Government of Nova
its. Petroleum and Natural Gas Act of 1942.—V.
158,
under
1939.
p.
additional
operating
was;
]
v
thereof, to¬
the effective date of the plan,
principal
of
Middle
West
represents
integration
system.
The Commission
did
of
a
the
not
desired
major
find
that
to
step
present
keep.
Thus the opinion of
bringing about the geo¬
in
huge,
Middle
scatteredf
West
could
Middle
West
permanently
.
fHE COMMERCIAL & FINANCIAL CHRONICLE
450
West
South
and
Central
all of the properties of Central llinois, and its subsidiaries, and
Kentucky Utilities, and its subsidiaries.
Before-the Commission could
do so it would be necessary to lind that those properties at present
Utilities
Holding
a
Oklahoma
and
Power
y
Texas Utilities Co.,
Light Co.
Light Co., and Pecos Valley Power &
the properties of a small Mexican
Compania Electrica de Matamoros, S. A.
system
are
staff
the
Since
there
that
argued
were
Less
retainable by Middle West in view
to- be unretainable.
required
'
Arkansas-Missouri
Utilities Co.
be kept
to be set
„
,
respecting
businesses
new-evidence^is
to
introduced,
be
but
reserved jurisdiction
-
A
.
on
Cash
to
addition, the Commission considered the application of Section 11
to the holding company system of Arkansas-Missouri Power
In
(b)
registered holding company and a subsidiary of the Middle
It found that this company could retain its present system
exception-of certain small utility properties in and around
Piedmont,' Mo., and between Arcadia and Old Mines, Mo.. There was
no
evidence that a small ice business controlled by this system could
be retained under the Act, and its disposition was ordered.
Corp.,-a
'■
West Corp.
V
not finally passed on by the Com¬
In view of. the various questions
opinion, further proceedings will be necessary under
(1).
Such proceedings are provided for in the orde,f
cf the Commission, and are described in the following list which shows
also what the Commission ordered to be done with respect to the en¬
tire
holdings of the system.
Is
West
Illinois
Central
Not
to
Ordered
Completion
Pending
Dispose
Central
>
South Fulton Light
and South
West Util. Co.
Compania Electrica de Matamoros, S. A.
v
Compania Electrica de Ojinaga,
S. A.
Public Service Co. of Okla.
Southwestern Light & Pwr. Co.
The Lawton Corp.
Pittsburgh County Ry.
Co.
Gas & Elec. Co.
Util. Corp.:
American Public Service Co.
West Texas Utilities Co.
Ark.
.
West Vernon Sewer Co.
-
*
Michigan Gas and Electric Co.
Electric Light & Power Co.
.Copper District Power Company ;
Arkansas-Missouri Power Corp.
East Missouri Power Company
Middle W. Util. Co. of Canada Ltd.
Great Lakes power Co.; Ltd.
.
The Lake Superior Power Co.
Northern Pub. Serv. Corp., Ltd.
Winnipeg Heating Co., Ltd.
Bureau of Safety
Illinois Stock Transfer Co.
Bank,
State
Insurance Trust Fund
Port Isabel Corporation
West
Superior Dist. Power Co*
Ashland Light,1 Pwr. & St. Ry.
Ironwood and Bessemer Ry. &
Wisconsin
Pub.
Power
Service
Co.
and Light Co.
So. Beloit Water, Gas
& El. Co.
Beloit
Waterpower. Co.
Kesheena Improvement Co.
Kansas
>;>>v
Electric
Power
Co.
Oklahoma Power and Water Co.
Electrica de Matamoros, S. A.
Public Service Company of Okla.
Southwestern Light & Power Co.
Compania
Commission .has
y
•
(1)
Fitzgerald Laboratories of Can-
(3)
the
(8)
of
•
-
of
acquisition
cost
determined original
over
adjustments.—V.
Missouri-Kansas-Texas
Frank
on
profits taxes of
post-war refund of excess
1943,;
'
.
for
profits of $325,000
$40,000 in 1943 for reduction
•
'
•
property, plant and equipment and
(including in 1943 additional
facilities
emergency
$71,477
prior
years)
Balance Sheet,
amount
to
$554,525
in
1943
Nov. 30, 1943
investments (less reserves
of'$30,874), $14,137; traveling
accounts—employees, $11,660; property, plant and equip¬
$3,430,517;
patents,
trade-marks,
and
licenses
(less
■>;•»>
Note—In
to
up
connection
into-ar
bank
maximum
a
with
credit
of
•
notes
?
payable
to banks, the company has,',
(V.loan) permitting borrowing
' The
agreement provides, among
agreement
$4,800,000.
other
to
.
things, that the eompahv shall not permit its'net current assets
below $3,000,000, that dividends
paid after Nov, 30,' 1942,
not exceed 75% of the net
earnings of the company subsequent to
date; and that no dividends shall be paid unless' the net current
decline
will
that
Nash-Kelvinator Corp.
31—'*
...'. 3 Months Ended Dec.
"Net
profit-^
tEarnings
"After
taxes.
the
of
dividend
1476.
«
therefrom,
?
-
to
share
interest and
4,291,202
excess
Federal
common
shares
normal
income
for
reserve
'
profits tax.
income'and
and
1941 >
a
$885,153
$0.15
:...
outstanding.
H Provision for
>
1942
t$654,931
$0.25
—__
$0.21
excess
profits
charges,'
% After
proportionate
income taxes
reserve
amounted
$2,526,000.
The
1943,
dollar
was
value
of
159,
output during the three
$68,680,438,
the corporation's war
V.
1943
H$l,060,261
depreciation,
$1,225,000
Subs.)—Earnings—
-
—.
per
tOn
(&
;
an
increase of
384. ■
p.
months
than
more
production for the
same
100%
ended
;,>>
:
Dec.
compared
fiscal quarter
v>:
;>>: >">••
;
■
31,
with
of 1943.—
Nashville Chattanooga & St. Louis Ry.—Earnings—
Gross
Net
1943
from
railway—.»
railway_i„___
from
1,506,811
586,072
Net ry.
oper. income—,..
From Jan. 1—
Gross ' from
railwayNet from railway—
Net ry. oper. income—
—V. 159, p. 11.
surplus
created
1942
$3,698,519
1941
$3,301,532
1,546,780
1940!
$1,874,571
570,200
586,749
,
42,284,020
15,824,960
5,083,496
$1,552,600
567,339
:
345,747"
30,928,868
11,266,081
5,702,913
363,932
19,668,767
5,540,611
3,309,419
15,632,633
3,482,740
2,069,426
.
accou>t.
National Bearing Metals Corp.—New Treasurer—
electric plant.
:
Kempton Dunn, Treasurer of American Brake Shoe Co.
v
,
has
and expense.
been
elected
Treasurer.—V.
representing
cost of acquired
156, p.
of
New
York,
257.
National Can Corp.—Chairman of the
The
159, p.
10.
;
.
Dec.
Phillips,
a
RR.—New Director—
of the
159, p. 10.
Chairman
director.—V.
elected
,
was
by
B.
the
Montour RR.-
■Earnings—
1943
December—
from
■Net from
Net ry.
railway—^
railway;
income-From January 1—
oper.
from
railwayNet from railway——
ry.
oper,
income-.
$231,153
"4,486
$180,499
30,673
35,624
$202,837
62,240
>9,315
1940
1941
50,744
divs.
2,7i5,903
928,694
1,109,265
674,685
"819,091
2,402,647
987,927
I'
tration
in
826,403
Federal
Net
at
their annual meeting held on Jan.
21 approved
by the directors that this company be converted
general commercial banking institution under the State bank¬
ing laws of Rhode Island.
•
Henry B. Cross, President,, told the stockholders that this move will
.
B.
that,
on
fill
and
the
C.
McNamara
L.
was
income
income
for
$495,273
$606,205
63,974
138,389
2,811
27,236
3,155
9,453
$398,098
380,456
tax
lfM2
$448,165
60,593
$380,030
with
Securities
373,569
J041
.
regis¬
Act
of
1940, & int;
—
paid
$458,362
.
480,781
-
Morris Plan Co. of Rhode Island—To Convert—
a
F.
to
655
.
—
Dividends
recommendation
Brown,
1943
,
:
■
The stockholders
F.
Corp.—Earnings
income-
—
connection
under
1933
"Deficit.—V, 159,- p, 10.
Exchange
director
a
6,888
interest
expenses
Expenses
2,222,563
915,735
875,040
Board, Etc.—
Stock
elected
resignation of Robert
elected Chairman of the board.
and
'Taxes
2,865,049
York
Assistant
General
$132,455
45,895
27,315
was
the
National Investors
Cash
1942
New
Wiggin
Secretary and Assistant Treasurer to fill the vacancy
created by the resignation of C. R. Jeffers.—V.
158, p. 1351.'
>
1
'"V
advised
Charles
created
Thompson
Phillips Petroleum Co.,: has been
;
1943,
vacancy
.
has
company
2,
Years Ended Dec. 31—
into
taxes
$51,175; reserve for contingent wartime and post-war
adjustments and
expenses, $750,000rcommon stock (par
$1); $265,517; capital surplus,
$2,130,874; appreciation surplus, $97,518; earned surplus,
$5,417,600;
total, $16,247,238.
,'.v
$198,412 to existing capital surplus.
Amortize $3,482,747 established by the company as
elected
a
applicable
by the amount of
$2,850,000 in 1943 and
excess
in
-
(net),
■entered
•
The Lawton Corporation
renego¬
for
surplus
Charge
plant acquisition
Net
to
revised
on
income, $266,661; dividend—payable Dec. £7, 1943, $107,518; de¬
posits, by employees for -purchase of War Savings Bonds, $51,555;
.miscellaneous, $18,723; Federal taxes on income (less U. S. Treasury
Notes,1* Tax Series C of $3,250,000), $180,663; renegotiation
adjustment
j'for- the year ended, Nov* 30, ^1943, $2,600,000; reserve for contingencies,
'
properties over a period of 15 years beginning with 1944 by accruing
through charges to its miscellaneous amortization account and con¬
current
credits to account 252
reserve
for amortization of electric
Gross
credit
$3.52
been
$2,750,000 for
amount
after
transferred
has
Liabilities—Notes payable to banks, $2,400,000; trade
accounts', $835.534; renegotiation refund .for, the year ended Nov.
30, 1942, $625,550;
pay rolls and other compensation; $448,351; taxes, other than taxes
—•
Charge amounts totaling $677,024 to earned surplus
Charge $94,981 to miscellaneous long-term debt.
excess
Gross
the
1942,
$376,920 in 1942.'
for year-end
purpose.
438.061
$3.91
30,
amortization), $2,414; taxes and; insurance, $276,613;. total, $16,247,238.
"company will eliminate
Charges $856,226 to reserve for depreciation of
(5) Charge $301,771 to capital stock expense.
(6) Charge $729,526 to unamorizted debt discount
(7)
which,
Nov.
..
trustee, First
of March 1,
Company charge amounts totaling $6,354,228 to earned
capital surplus provided the capital surplus is properly
such
(2)
provision in
profit
years
of
accounts, .and
approved the accounting class¬
announced
424,788
—
provision of depreciation of
ment
Settled—
(4)
ada, Limited
Peoples Ice Company
Southwestern Gas & Electric Co
American Public Service Company
West Texas Utilities Company
to
or
for
prior
advances and
accounts amounts aggregating $12,694,920 in write-ups,
inflation or excess of acquisition costs over original costs and various
erroneous items," the Commission said.
The order provides that:
Dodson Water Company
So.-Henke Ice & Storage Co.
Consumers Ice Company
Marquette County Elec. Ry. Co.
The Floyd Engineering and Contracting Company
the "order
of
$934,875
350,000
ended
year
December
terms
$1,284,875
Assets—Cash, $3,409,874; U.: S. Government obligation (net), $1,739,258; trade accounts receivable (less reserve $80,000),
$2,439,264;
inventories, $4,532,534; investment in wholly-owned subsidiary, at cost
(less losses of subsidiary since acquisition), $55,249;
post-war refund of
Federal excess profits tax
(estimated), $335,718; miscellaneous notes,
plant
its
the
tlncluding
.
the company which establish nearly $13,000,000 as writeover original cost on company's books.
proposal by the company that the Commissoin
terminate two suits pending in the Court of Appeals and a District
Court.
One of the suits involves the Commission's efforts to locate
and examine books and records of the predecessors of the Mississippi
from
the
contracts
war
amortization
and
ups or other excesses
It also agreed to a
Central and South West Utilities Company, Pending Reargument Is Not
Ordered to Dispose of:
Central Power and Light Company
Power
$1,037,952
^
for
reduced
of
The
ifications by
City Ice Co. of Kansas City
Central Ice Service Company
Western Ice Service Company
Light Co.
Northwestern
Federal
The
6,000
11,738
3,449,832
post-war
paid
effect of
amortization
judgment
Mississippi Power & Light Co.—Case
Middle West Service Co.
Canning Co,
Utilities Company
Lake
The
Paul
73,135
2,960,000
—
&
share—_!_■
the
of
tax
for
of the trustee will be accepted at the tender price,
plus accrued interest at the coupon rate of 3%%.—V. 157, p. 1183.
the
'in
Missouri Gas & Electric Serv. Co.
Pecos Valley Power & Light Co.
The Albion Gas Light Company
Robey & Northern RR. Co.
McAlester
North
St.
St. Paul, Minn., will until noon
,
$1,037,952
wartime
of
the
companv,
after deduction
amount to at least $3,500,000.—V.
158, p.
v
receive bids for the sale to it of 1st mtge. 3%% bonds due
June 1, 1956, to an amount sufficient to exhaust the sum of $20,845
(held in the sinking fund).
Bonds offered at prices which are lowest
Under
>>' The International Transit Co,
Peoples Ice Co.
\
,
4
1,284,066
expenses.^—
in 1942 and
in 1943 and $50,718 in 1942 and
credit of
company.
Power
V
Middle West Must Dispose of:
Central Power & Light Co.
Southwest
and
Light and Coke Co.
y
Southwestern
Companies
Dixie Power & Light Co.
and Joliet Electric Ry.
Southern Illinois Ry. and Pwr. Co.
_
Following
Old Dominion Power Co.
1
Chicago
Gas
the
United Reorganization:
Kentucky Utilities Co.
Fublic Service Co.
Illinois Traction Co.
Mattoon
of
of the Midland
Dellwood Park Co.
Central
\
of
Company
Building,
and
$2,643,730
1944,
(b)
11
Middle
Trust
Bank
contingent
per
$649,832.
in. its
mission
Section
First
The
National
the
with
■
56,769
income—estimated-^—™-
assets
Co.—Tenders Sought—
Minnesota Transfer Ry.
(1)
-
71,477
—.r—
reflect
tiation
158, p. 2049.
stock on the basis described.—V.
the
and
non-utility businesses controlled through it.
25,394
>
7,181
J
for
earnings
income,
;
,
and
—
on
dividends
"The
Still Pending—
.
——
profit
Earnings
in
.
sold
Surplus
.
certain
77,228-
$34,255,859 $27,188,779
28,713,991
21,079,132
—
taxes
v
'
Public
of
inc.
charges
adjustments
joint declaration has been
Utility Holding Company
A
*1942
$34,178,631 $27,163,385
other
expense.
Provision
the gas and non-utility
(and its subsidiaries),
i-X
Bonds and Stock—
Retire
,
•
:'•*»
111,071
X* Net
filed with the SEC pursuant to the
Act of 1935 by Milwaukee E.ectric
The opinion of the Commission disposes of the Section
11 (b) (1)
"Railway & Transport Co.
and by Wisconsin Electric Power Co..
issues as they relate to several smaller holding company systems within
whereby the Transport Company proposes (a) to redeem on March 1,
the-large Middle West system,
American .Public, Service: Co.,. a regis-.;
1944, at par plus accrued interest $200,000 first mortgage 4% bonds
tered holding company and a subsidiary of Central and South West
owned by Wisconsin Electric Power Co., and pledged as collateral' to
Utilities Co., was, permitted to retain the assets of its subsidiary, West
.'the latter company's mortgage and deed of, trust dated Oct. 28, 1938,
Texas Utilities. Co., exclusive of the non-retainable utility properties of
'and: (b) to purchase for cash at par for retirement 8,000 shares, of its
that company previously noted in the Daihart.and Texline areas.' ..Fur..capital stock (par $800,000) from Wisconsin Electric Power Co. Wis•ther evidence on non-utility businesses of the Central and South West
"consiri Electric Power Co. seeks authorization to surrender the bonds
utility system, may affect the retention by American Public Service Co.
;
„
"
1,297,416
tFederal
,
those properties.
retainability of
"
1943
,
and miscellaneous
products
Interest
the limit of
of these gas
will have to be passed on.—V. 159, p. 10.
Midwest Vessel Corp.—Protest
of
Miscellaneous
,
which
and
$36,778,631 $29,913,385
j
2,600,000
2,750,000
general .expenses-
,
J. S. Fleek, President, on Jan. 20 stated in substance as follows:
The annual meeting of stockholders'will be held at Cleveland, Ohio,
jurisdiction, the Commission was
Feb. lr 1944, for the election of directors.
Presently there is nothing
able to decide definitely that certain disconnected utility and non-in¬
else to the knowledge of the management to be brought before the
cidental, non-utility businesses in the Central and South West Utilities
meeting.
system could net be retained.
That system is, therefore, under a pres¬
The company has entered upon liquidation, as reported Dec. 11, 1943,
ent final order to dispose of the Pine Valley electric properties of Pub¬
but the company's protest against the proposed assessment for income
lic Service Co. of Oklahoma, the gas properties of Oklahoma Power
and excess profits taxes is still pending and has to be disposed of
and Water Co. (except for those properties necessary to provide fuel
before the liquidation can be completed.—V. 158, p. 2471.
for the generation of electricity), Pittsburgh County Railway, the water
jM
r.£;.»7 V„. '7r-Yloy . •
. X -f",*
Y . ; .: X >
. >'* •'•'••/'. Y-' > V' > Yv • > Xr-X'
properties of Oklahoma Power and Water Co., the interests in McMiller Manufacturing Co., Detroit—New Name^
Alester Canning Co., utility properties of West Texas Utilities Co. in
See Miller Tool & Manufacturing Co. below. V
," ')f..
• •the Dalhart and Texline areas, the utility properties of Central Power
and Light Co. in the Big Bend, Zapata and Pleasanton areas, and the %
properties of a Mexican subsidiary—Compania Electrica de Ojinaga,
Miller Tool & Mfg. Co., Detroit—Changes Name—;
S. A. > :
..>>'
The stockholders at the annual meeting on Jan. 21 voted to change
■>■.
After the record in the proceedings was closed the respondents of¬
the company's name to Miller Manufacturing Co.
They also ratified
fered to introduce further evidence on the retainability of certain gas,
resolutions providing for the indemnification of officers and directors,
water and ice businesses.of the subsidiaries of Central and.South West
and the adoption of a stock, purchase plan for administrative and
Utilities Co.
The Commission determined to extend to the respondents
plant personnel.—V. 158, p. 2583.
a period of 15 days after the date .of its order in the case within which
>;>;*' 'V : '' "y
■ >>> > ~-.r
'-.t'tf Q*
? •• i'/>/>:>••>>•>»
to
apply for rehearing to consider the. proposed additional evidence.
Milwaukee Electric Railway & Transport Co.—Would
The Commission, entered no-order of disposition of properties as t.o
the
10
2472. v;'
p.
amort, of enierg. facll. for prior yrs.
Payments to trustees for employees' retire, fund
Power Corp.
entered
?
on
record
June
158,
V
r.
adjustment__^____^
administrative
Additional
Notwithstanding this reservation of
..
Co.—Earnings—-
Selling,
Utilities Co. (and its subsidiaries).
When
utility properties is determined, retainability
and non-utility
10,
of
■
of Central Illinois Public Service Co.
Kentucky
retainable
March
>.
share
per
holders
30 cents.—V.
Nov.. 30—
renegotiation
Cost
itself to a
system within its control.
(This applies
and may apply to Central and
after further argument.)
presently
is
order
*No
as
10,
.Total .income
limited to an integrated
to
or
Ended
Interest, royalties,
holding
single system that it be other¬
to limit
wise
businesses
follows:
year
cents
'
to consider the request of any
is reserves
now
at least five systems, since
were
30
10. to
Total
,
South West Utilities Company
several such systems, their retainability under Section
Jurisdiction
West
of
March
Matters:
(1).
have been found
South
decide whether these subsidiaries could
together, but reserved jurisdiction pending further argument
by order of the Commission.
Mueller Brass
Jurisdiction is reserved to consider further
company
dividend
a
payable
.Net .sales
evidence with respect
to the gas, water and ice businesses in the Central and South West
Utilities Company system, with the exception of such businesses as are
associated with non-retainable utility properties in the Dalhart, Tex¬
line, Big Bend, Pleasanton, and Zapata areas, which utility properties
Included in the latter
subsidiary known as
$5,
„
and, if there are
(5)
18.
Years
:>
(h) (1) to Kentucky Utilities Company as a.registered holding company
(3) Jurisdiction is reserved to consider the number of. integrated
(b)
declared
*
systems within the control of Central and
(4)
have
stock, par
Payments last
Sept. 10, 20 cents each; and Dec.
possible acquisition of Public Service of Indiana in the reorganiza¬
United Company.* ; '.'.-ly
/y Vi .-yyyT y yy;i
(2) Jurisdiction is reserved to consider the application of Section 11
11
directors
common
Feb.
•
.*•
Utilities Company
the Following
Over
tion of Midland
Central Power &
not
Reserved
Is
The
the
properties of West Texas Utilities Company
The precise limit of properties
(1)
of
:M
•
.
was
Motor Wheel Corp.—To Pay 30-Cent Dividend—
; ;
American Public Service Co. Must Dispose of:
Jurisdiction
only one system and the Commission
tentatively believes that there are two systems, it was considered the
appropriate course to extend an opportunity for further argument on
the question of how many
integrated systems were formed by the
subsidiaries of Central and South West Utilities Co.
The Commission,
did
with
of its ice business
" •
Keep:
•■->/,
Dalhart and Texline properties of West Texas
The gas
respondents argued that there was
therefore,
-
The
and the second large system con¬
& Water. Co.;
of the electric assets of West
sisted
of $53,946.
Net profit in 1943 was $36,733 as compared
$36,489 in 1942.
,<
VXV.'rV-XV
• '
*
pointed out that 57 out of the 91 Morris Plan institutions in
the country already are
operated as banks of deposit.—V, 155; p. 1680,
decrease
,a
Arcadia and
integrated portion of West Texas Utilities Company
The
further order of the
to
Service Co. Can
the company's business, that of
make It possible for the bank to
providing deposit and other general
facilities.
A group of directors and officers were appointed
to
provide for the incorporation of the bank which will ultimately
.acquire all. the assets and. liabilities of the Morris Plan Co.
y
;
Gross earnings, in
1943, it was "reported, were $345,039 as against
;$398,742 in the previous year. Expenses for 1943 totaled $308,306, or
•»
Public
American
.
of
•
Must Dispose of:
Power Corp.
Old Mines, Missouri, and it must also dispose
y
'circumstances.^•..
subject
'• .:,yy-:r /
character
^banking
It
non-integrated utility assets in Piedmont and hetween
The
Commission to effect
compliance of its system with Section 11 (b) (1).
V,
The second major group of utility properties now controlled by. The
Middle West Corp. lies in the States of Texas, Oklahoma, Arkansas and
Louisiana.
Most of these properties are owned by subsidiaries of
Central and South West Utilities Co., a subsidiary of The Middle West
Corp., and itself a registered public utility holding company.
Although
The Middle-West Corp. expressed a willingness to divest itself of this
group cf properties, it insisted that these utility properties could be
retained together within a single system.
The staff of the Commission
in the presentation of the case recommended that the Commission find
that these properties constitute at least five separate svstems.
After
studying the record it appeared tentatively to the Commission that the
major properties formed two integrated systems.
One of these con¬
stituted the electric properties of Public Service Co.
of Oklahoma,
Southwestern Gas & Electric Co., Southwestern Light & Power Co.,
is
Co.
Utilities
•
Arkansas-Missouri
1v'
Kentucky Utilities Co. is itself a registered holding company and
subject to the provisions.qf Section 11 (b) (1).
Since the Commission
made no findings on. the application of that section to the Kentucky
Utilities system
as part, of
the Middle West , system,, but reserved
decision, it determined to make a similar reservation of decision re¬
specting Kentucky Utilities Co. as a holding company.
Thus Kentucky
future
view• of
I:
>
utility assets
main
.extend its services to customers by
Company's electric
integrated portion of Eastern Missouri Power
The
new
change, the
making small loans, but that: it will
of Central Power
in the Big Bend,
Arkansas-Missouri Power Corp. Can Keep:
and to con¬
retention by
Middle
be acquired.
Thus
jurisdiction-to, pass on the precise outlines of the properties
retainable by Middle West
was reserved, and Middle West will ■be
subject to further orders of disposition which will be appropriate in
what
and Light Co.
-
Pleasanton, and Zapata areas
Compania Electrica de Ojinaga,
>, ■■ • S. A. ■ ••«.
/ .
The
properties
of
West
Texas
The gas properties of West Texas
Utilities Company in the Dal<
Utilities Company
hart and Texline areas
?>',■ >>>•''■
The
sider
properties
The
Railroad Co.
Pittsburgh County Railway Co.
-McAlester Canning Company
.;
Act
Commission decided to await the acquisition
system or systems could be evolved for
West Out of its preesnt holdings and properties to
keep.
• ■
Robey & Northern
single
■
Company
properties
of
of Oklahoma
Co.
Public Service
integrated utility system within the meaning of the
or, if more than one integrated system, that
the systems could be kept together.
It would also be necessary to find
that
non-utility operations controlled by these companies could be
kept with the utility operations.
The Commission made no such find¬
ings.
However, there is a possibility that Middle West might acquire •.
interest in certain Indiana utility properties now controlled by Midland
United which are adjacent to the companies Middle West desires to
constitute
Valley
Pine
The
not
Must Dispose of: y
Company
retain
Monday, January 31, 1944
„•
Assets—Cash
cost),
in
$8,152,535;
Liabilities—Due
reserves, for
Balance Sheet, Dec. 31, 1943
banks, $93,802; investments in common stocks (at
dividends receivable, etc., $10,573; total, $8,256,910.
for
expenses,
capital
taxes,
$1,548,782; surplus, $6,702,291;
stock repurchased for retirement,
etc., $5,129;
capital stock
($1
total, $8,256,910.—V. 158,
p.
2472.
$708;
par),
Volume
National
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4251
159
market
Co.—New Director—
Lead
quotations),
$399,334;
customers'
accounts
and
notes
receiv¬
.
able,
J.
A. Martino,
Assistant
158, p. 1535.;
—v.
has
Controller,
elected
been
$732,793; sundry accounts receivable and claims, $21,073; inven¬
tories, $1,829,273; prepaid insurance premiums and other expenses,
director.
a
'v'V.'vV
^
National Life Insurance Co.,
ficials Elected—
Li
$5,050)
Douglas
363;
Meredith,
'"V'
for
A
dividend of
cents
\
amortization
of
facilities
war
National Power & Light Co.
_
Federal
12,189,675
3,077,610
1
11,396,588
3,454,882
Property
retire,
1,315,365
5,228,488
shares
12,374,870
of
$10
Gas
par),
oper.
Rent from lease of plants
(net) V
Other
6,266
income
I
(net)
4,989
20,708
27,985
"
257.
p.
Gross
<
income
interest to
14,956
other
;-,
,
*Pfd.
divs.
2,109,756 ;
public—
applicable
5,325,983 *
$2,633,066
Net
of
equity
Other income
253
Operating
Operating
5,623,206
$6,300,211
$5,478,664
349,110
Expenses,
$1,410,134
$2,283,956
exclud.
$2,283,956
381
2,520
468,881
$5,941,402
$5,681,981
80,247
77,395
345,426
"42,149
*20,393
4,579
7,314
19,987
Interest & other deduct.
324
1,436
1,531
income
of
tax.—v
384.
900
tFull
>
dividend
earned
for
17,632,365
____
&
3,047,953
2,502,384
Sept.
Nov.
credit
*Net
after
1,415,046
6,167,473
able
30, 1942,
30, 1942 and $25,500 in
the
the
to
nine, months
in the three
months ended
twelve
months
Nov; 30,
3,828,567
15,282,758
15,007,028
net„__
Dr969,359
1,166,306
.1,175,871
4,667,428
4,704,725
2,423,742
2,407,571
9,645,971
9,408,218
income
_—
2,333,552
1,944,626
8,945,281
462,945
700,691
$1.55
$6.20
share
deduction
of
excess
profits
tax
credit
of
10%,
r
for
1943
have
been
accrued
at
rates
imposed
by the
Revenue
Ernest
Martin
-
Income
is
also
director
a
Insurance
—V.
Other
consolidated
income
,
.
of
Hanover,
Co.
159, p.
the
of
of
Boston
Montpelier,
111.
&
N.
H.,
Maine
Vt.,
;■
and
\
President of
RR.,
of
>
>
New Jersey Zinc Co.—To
1943—12 Mos,-—1942
A
subsidi¬
from
aries,
Mos.-—1942
1943—3
;
$35,569
$321,000
$628,789
381
__
2,520
468,881
——
of
the
ments
23,317
last
Sept.
to
the
•|
.
Life
Can
payable March
year
were
10, i,0 cents;
10
to
follows:
as
and Dec.
been
income.
Expenses,
$35,950
exclud.
$323,520
77,395
80,247
taxes
$1,097,670
March
10, $1.—V.
Federal
Other
taxes
1,244
"42,149
4,579
—__——
taxes
7,314
'
.19,987
146,700
The
29,994
-
,
Net
operating
$752,G50
$2,072,577
1,436
1,531
46,569
—&
income
900
39,299
19,961
Dr$50,444
$278,624
$711,820
$2,006,047
324
tax__—
income
Net
$280,960
$$50,120
income
Interest & other deduct.
—
.
The
the
the
months ended
3
12 months ended Nov. 30,
stock
capital
Nov. 30,
10,
158,
1942
30,
and
$42,000
for
the
12
$25,500
in
Annual
The
;.r»
Feb;
was
1
also
to sell to an affiliate, Pennsylvania Power & Light
Co., 15,469 shares of that company's $7 preferred stock, which it owns,
at
$97.50 a share, or an aggregate of $1,508,227 plus accumulated
and unpaid dividends at the rate of $7 a share annually to date of
the
and
have
Transit
also
and
to sell
proposes
related
electric
its Allentown
equipment
to
electric generating
steam
Pennsylvania
Power
for
approximately $1,900,000 in cash.
The
proceeds
from
the
sale
of
securities
the
and
property
will
New
bonds,
mortgage
to
be
used
for their
National-Standard Co.
(Includingl
Years Ended Sept. 30—
receipts
cancellation.—V.
1
158,
March
of
1
Prov. for Fed.
profits
and
Dividends
1941
$2,378,982
36,986
16,724
$2,893,599
$2,395,707
339,098
264,391
245,366
/
Cr302
taxes
and
*1,513,823
'891,207
$1,115,756
$1,257,679
•
536,680
renegotiation
the
the
be
less
($10
par)—
excess
excess
post-war
states:
under
Government
should
536,680
268,340
268,340
268,340
$4.16
$4.69
profits taxes, $922,000), $1,417,000;
profits taxes, $81,907), $111,269;
refund
of
Federal
and
excess
effect
excess
profits taxes, $167,502.
.
.
;
'
'
note that war
and
159,
to
Wash.—Larger
of
for
the
cents
of
of
30
-Earnings—
1943—12 Mos.—1942
of
the
present
Jaw
and
such
now
In
case
shown.
No
indication
has
been
as
Consolidated
in
Balance
banks and
reserve
of
,325,000
22,500,000
19,075,000
302,786
4,064,020
712,660
206,845
13,265,201
733,885
99,092
9,188,026
8,690,571
Jan.
Sept.
80,
the
Gov¬
given
by
made by
should
1943
hand, $604,066; marketable securities,
$40,301 to reduce to valuation based on
6,467
98,853
98,134
20
92,625
9,089,173
>
for
On
of
in
and
by
this
by
Mr.
George
and
during
company
total
insurance
L.
matured
in
Harrison,
1943
the
since
new
it
force,
was
President.
endowments
'substantial
a
While
increased
decrease
in
over
volume
of
lapse.
the
other
of
previous
1943
registered
company
totalled
year,
and
of
were
matured
$20,797,809.
and
lapses
to
gain
in
of
which
of
10%
a
is
12%.
36%
1943!|>were
less.
endowments
Payments
amounted
a
large
so
$452,270,100
compared with 1942,
insurance by surrender
payments
to
10%
in
the
as
life
hand,
over
has
insurance
amounted
by
1930
$48,367,000
for
and
furnish
soon
fits Found—•
New
increased
by
benefits
in¬
death
$73,148,534.—V.
159,
111.
p.
a
:
-
York
denied
Public
Service
petition of
Commission
announced
Jan.
that
23
the
Niagara Hudson System to consolidate
operating utilities and one holding company into one operating
company that would serve 760,000 electric and 267,000 gas customers
six
in
a
as
presented would
territory 400 miles long
not
be
in
on
the ground
the
that
the
unification
plan
were involved in the
proceeding.
They are Niagara
Power Corp., the top
holding company, the Buffalo, Niagara &
Power Corp., an intermediate
holding
ating units,
as
follows;
Niagara
Electric Corp., Niagara, Lockport
and
the
Power
New
The Buffalo,
companies
&
York
Water
Falls
&
there
the
amount
proposed
of
be
to
claimed
assets, stating:
holding securities of
In
and
in
a
determin¬
authorizing the
consider
sufficient
are
all
assets
exercise
inflationary
plan
SEC.
York
avail¬
to
support
that there
care
conditions
existing
in
of
the System was
postponed
hearing had been scheduled
The
Public
158,
Service
Commission
had
not
2473.
p.
Jan.
on
18,
in
a
circular
letter
to
follows;
because
contracts
end
at
the
of
of
of
the
which
last
that
recent
conversion
contract
be
with
proceedings for
corporation,
would
fiscal
the
and
reflect
the
be
cannot
the
on
in
date
February],
annual
an
report
in
other
held
meeting.
dependent
is
proceedings
158,
with
the
business
The
state¬
give
notice
the
upon
election
would
date
conclusion
Government,
which
■
such
of
the
take
may
•.•
("v'
of
usually
when
1073.
p.
by-laws
therefore
financial
as
exact
of
until
annual
the
management
including
the
position
furnished
specified
The
the
renegotia-
management
accurately
year
period,
annual
«.w,
•
v
Co.—Plan Approved—
previously by the Commission.
All assets
execept the
N. C„ will be
Colonial stock
among
of
court
North
One
and
common
stock
of the
converted
into
holders of
North
the SEC
American
of
history
the
of
Gas
held
&
that
cash
Colonial Ice
and
there
Is no
Electric Co.—V;
Co., Greens¬
distributed
American
with
the
debentures.
Gas
>
equity for stockholders
158,
2473.
p.
Airlines, Inc.—New Service Recommended
most
important
Boston,
Mass.,
developments
revealed
was
in
the
air
transportation
In
Washington recently in a
Thomas Wren, Examiner for the
Civil Aero-?
nautics
Board,
in
which
he
recommended
that
Northeast
Airlines
should be the
only airline granted the franchise to
serve
between
Boston,
Lawrence,
Worcester, New Bedford, Hartford,
Providence,
New York, and Newark.
report
made
public
opinion
needed
made
more
develop
Adding
by
based upon the
Examiner's contention that this
strong local service.
The Examiner's
report further¬
plain that it had made this
recommendation as a step
the company's air
transportation pattern in an orderly
was
a
it
manner.
southern
New1 England cities
and New
all of
New
England would
franchise,
with
direct
City.—V.
airline
159,
service
from
its
York
to
Northeast's
thereby
northernmost
be
points
218.
p.
Northeastern
Committee
Insurance
has
sent
Central
Light Corp.
Eastern Power
comprising
the
Co.,
Power
For over
six
Inform
Co.
of
to
provided
New
York
Hartford—Committee
letter
a
New
(1)
The
years
this
Vice-President
should
pany
believe
Western
(2)
and
not
this
expect
a
of
the
and
mistaken
is
This
company
surplus
$9,271,293.
of
Dec.
to
Babson.
with
Chair¬
the
dividends.
no
This
31,
unequalled
and
since
in
of
fire
we
an
1929,
$2,439,000.
insurance
which,
aim
even
profit
states
its
on
hope to make
shown
31,
would
Underwriter
a
well as to the
as
A
solici¬
study of
the
a
statistics.
com¬
We
direct-writing
decline
combined
poor
By
the
Northeastern's employees
profit on underwriting.
constant
the
that
underwriting.
record
in
has
careful
more
improve this record
of
amount
shrinkage has resulted
Such
to
a
almost
when
almost constant
1942,
investing
has
Dec.
Chief
make
policy and unfair both to
greater respect and confidence,
(3) Too large a percentage
so
a
capital
stood
at
figure
as
been
almost
underwriting
as
to
command
'
of
the
business
is
ocean
marine
re¬
during
peacetime,
is
generally
considered
contention, we can show that most of
the fire reinsurance
companies have purposely excluded this
type of
insurance in their treaties
although—like any speculation—there has
been some profitable
years.
The management may defend their ocean
marine losses by
blaming the war for them; but we blame the
unprofitable.
of
the
To
support
directors.
We
this
policy
would
change
this
policy
and
operate
conservatively.
(4)
The
board
indecision
has
started
apparently
exists,
commensurate
actively
to
business.
at
District
has paid
company
companies which it reinsures
and stockholders.
We would
more
Corp.,
W.
connection
situation, however, makes us believe that dividends can
be secured
will help us elect directors made
up of the larger stockholders
direct representatives.
Here are the six
changes we would
make.
Only
Power
(Roger
in
their
oper¬
York
stockholders
The letter states:
you
Niagara
Lockport &
and six
to
Stockholders
the
if
Buffalo
Corp. controls the first four
so-called
to
tation of proxies.
Co.,
company,
Power
Ontario
Supply Co.,
Power &
Niagara &
listed,
the
$100)
Aviation, Inc.—No Annual
Meeting
you
further,
public interest.
Eight companies
Hudson
Eastern
in
securities
as
will
insurance
has
the
directors
boro,
man)
in
Niagara Hudson Power Corp.—Plan to Combine Seven
Units Rejected by N. Y. Commission—No Public Bene¬
it
the
by
(par
addition,
regular date for the annual
meeting.
believed to be impractical to hold
the
is
months.—V.
proved
^
or
was
surrender and
life
stock
In
Company's plan of liquidation and dissolution
has been
approved
by Judge Paul Leahy In the U. S.
District Court in
Wilmington, Del.,
the Securities and
Exchange Commission announced Jan. 13
The plan, which also
provides for the liquidation of a
wholly owned
subsidiary service company, the Globe and Eames
Co., Inc., was ap¬
8,592,437
made
there
to
companies
debt
which
necessitate
to
benefits
Not
year.
than
Newfane
Sheet,
on
7,186
were
year,
the
and
Solicits Proxies—
death
would
for consideration
f North American Gas & ^Electric
3,752,546
13,222,981
726,699
terminations
creased
there
statements,
during the
the
elect
renegotiation
to
619,000
427,987
insurance
on
of
paid
The
are
yet that any excessive profits have been
company.
However, the officers believe that if any refund
claimed, it could only be for a modest amount."
(less
-;>
subject to
proceedings between
company are now in progress.
claim
any
refund because of
as
-
5%
by
Wednesday
to
as
This
88,742,412
inc.
gains
life
increase
The
of
New
the
at
it
conducted
area
100,093,565
loss
previous
less
their
authorized
Government,, and
after
and
fourth
meeting
per
record
Insurance in force at the close of 1943 amounted to
$7,340,581,744
under 3,178,888 policies, which is an increase of
$209,099,338 in amount
and 97,447 in number of
policies ^as compared with the close of the
an
be
reorganization
production
Northeast
40
holders
218.
p.
payments
.
production contracts
and
position
Government
cost
1
profits
alleged excess profits
filled by company, it is self-evident that would have an
upon the company's net earnings and upon
company's
orders
Assets—Cash
at
Fe6.
on
$8,386,045
__
transferable
profit
—V.
737,935
1
$3,82
Canadian
report
financial
1,
$1.25
gain in insurance in force, the announcement said.
tl,869,128
—
(including
(including
taxes
"It is important to
war
of
distributions
annual
years,
previous
$1,026,281
$1,528,269,
adverse
stock
to
1
,1,455
Cr372
taxes (estimated) at $14,446.
tFederal taxes (including excess profits
taxes, $1,476,500), $1,916,000; Canadian taxes (including excess profits
taxes, $93,214), $120,630; total, $2,036,630, less post war refund of
on
March
on
'
dividend
dividend
March
1943—Month—1942
taxes,.-
appropriations
Balance
announced
1942
$3,234,205
and Can. inc. taxes—
capital stock
"Federal
ernment
annual
an
payable
preceding
operating income—
income—..-
Net
paid
$2,856,613
Earnings per share
the
record
New York Life Insurance Co.—Results for 1943—
59,477
-
capital stock
on
of
The
of
ex¬
taxes
railway
Substantial
1943
income
Federal
1943
v-v.-a.;
quarterly
York, Chicago & St. Louis RR
income
New
total,
paid in
■"■■■'t
usual
share
per
to
10
operations
time
The
subsidiaries)
—
;
„—
Canadian
cents
holders
whether
the
financ:al
of
several
made.
were
terminations due
Shares
50
to
of
large oper¬
divisions
not."
or
$20).
of
acquiring
element
such
$1;
384.
p.
$3,174,728
(net)
Depreciation of plan and equipment
Adjust, of provision for exchange
depreciation, Canadian subs
Net
1
in
eastern
of
mortgage
amount
these savings,
Niagara Hudson
three
a
be
Pay¬
10,
$7,991,340
cess,
Net
(& Subs.)—Earnings—
Canadian
profit..—
operating
Profit
of
March
were
22.
the
stock,
Gross
be
1st mortgage bonds, of which $1,890,750
face amounts are outstanding with
the public.
The balance will be
deposited with the trustee under Transit's refunding and improvement
Net
June
of
con¬
of
the
circumstances permit, and to call and
special meeting of stockholders
thereafter for the
directors and the transaction of
of
Sinking funds and other
used by Transit to retire all its
Sundry
Dec.
declared
capital
share
per
Other
'
,
of
these
preferred
(par
Distribution—
On
8.
Federal
1942,
an
the plan.—V.
corporation
[the
proposes
settlement.
station
payable
amount
declared
Period End. Dec. 31—
mission.
Transit
$1,
like
Dec.
directors
on
cents
filed with the Securities and Exchange Commisssion on Jan. 13 by National Power & Light Co. and its subsidiary,
Lehigh Valley Transit Co., for authority to conclude certain transactions
as
steps in National's liquidation program, as ordered by the Com¬
,
war
that
ments
18.
if
of
meeting
'
in Liquidation—
joint application
declared' W dividend
26
par
of
'
A
cents;
1940.
New World Life Insurance Co.,
Seattle,
ended
months
stock,
Distributions
1, Sept. 1,
directors
share
Files Proposal
50
p.
the
on
States
of
The
tlncludes overprovision for Federal
1943.
tax of approximately
§Deflcit.-
1942.
Nov.
most
accounting problems incident to the
fixed-price basis of a cost-plus-a-fixed-fee
proposes
Feb.
to
Feb.
Accordingly,
the common
on
record
previously declared, is payable oh the preferred
holders of record Jan. 15.
V. 159, p. 12.
the overprovisions for Federal capital
stock tax applicable to the 9 months ended Sept. 30, 1942 of approxi¬
in
a
some
:
per share on the $5 cumul. convertible preferred stock, no
par value,
payable May 1 to holders of record April 15.
A similar distribution,
*Net credit after adjustment of
$43,300
bam;
on
common
14.
June
'
mately
directors
the
on
Feb.'
Federal
passed
the
Co.
Newport News Shipbuilding & Dry Dock Co.—Divs.—
319,810
*20,393
:
of
that
terms
but
Reorganization Plan Postponed by SEC—
but
r, ;■
•
stock
excess
is
repetition
on
$2,469,081
345,426
-
>
declared
holders
in
lost,
consolidation
securities
the
public
as
on
18,
results
,
National
be
might be gained.
this point, the Commis¬
on
cumulative
31,
that
proposed
until
United
of
Pay 50-Cent Dividend—
J
Total
Dec.
held
the
a
12
Because
Dartmouth
Continental
•
dividend of 50 cents per share has
stock, par $25,
$2,445,764
.
economies
contention
the
H. Kindelberger,
President,
stockholders, said in part as
the
College, on Jan. 25 was elected a director of the telephone
company,
succeeding William M. Rand who resigned Nov. 30, 1943. Dr. Hopkins
1943.
of
greatly in
of
be
hearing
feels
'
-
Hopkins
the
lower
companies contended
might
consolidated
are
common
corporation
Jan.
tion
New Director—
\
ended
ended
of
North American
taxes
Act
not
then
$6.05
Federal
of
"
462,937
.'$1.56
A
J.
per
be
information
for
•
Comparative Statement of Income (Company Only)
the
declared
shares
of
as
securities
Jan.
8,945,281
90,191
^
would
Hearing
14,112,943
"After
.
Period Ended Nov. 30—
support
the 1920's."
Dj-894,085
14,313,400
Earnings
tlncludes overprovision for Federal capital stock tax of approximately;
$42,000 for the 12 months ended Nov. 30, 1942.
;
•
to
outstanding
Commission
shall
6,008,875
3,651,957
income_^^_
Z)r245,125
respective periods whether
to
outstanding
the
9,006,076
-3,583,442
adjustment of the overprovisions
stock tax applicable
of approximately $43,300
The
system
ing whether the proposals is in the public interest.
issuance of new securities, the
Commission should
62,702,155
11,620,028
1,505,145
Balance
19,961
the
shares
"Protection
$5,218,947
capital
State.
additional economies
also
of
of
4,341,803
issued
' x-
ex-
service
that since the Niagara
advantages and
companies)
868,811
is
92,724,134
Dr61,909
Dividends
29,994
39,299
requirements applicable
unearned.
or
Federal
$1,324,121
——
Commission
refinancing
and
1942.
surplus
Balance,
fails
operating
public utility
3,590,049
46,569
$2,241,580 ; $5,555,552
.
—
the
unified
a
approved
issuance
$
24,089,527 101,345,639
16,343,530
68,275,379
some
of
customers
reorganization under the Federal
control of the four operating utili¬
•:
all
The
Co.—Earnings—
income
t46,700
:
of
to
lose
may
part
under
evidence
the
1
the possibility
subject
analyzing the companies' evidence
stated:
include
for
1943—12 Mos.—1942
319,810
>
improved
There is
no
good basis for the belief that
Whether created through the
unifying Influence
or otherwise, will not
continue whether
ating units (that is, the western, central and
153,-
p.
kilowatt-hours available
23,317
$2,286,476
1.244
Federal
of
159,
Interest deductions.-^..
$5,658,664
$5,472,521
$1,410,515
taxes
—
production
ago.—V.
year
1943—3 Mos.—rl942
taxes——
income,
Total
$1,410,134
taxes
taxes
above
a
Association—Output Up 0.46%—
25,837,420
expenses
income
oper.
$5,658,664
$5,472,521
——
Federal
0.98%
or
reports the number
taxes
Net
Other
is
in
benefit
,
is
happen certain
were
to the
shown that
that these claimed
benefits and savings would be lost if
this system were not kept intact.
Many of these purported savings for which the
petitioners give credit
to
the existing
Niagara Hudson System would have existed even if
the Niagara Hudson Power
Corp.'s unifying influence had not been
in force and these
operating companies had operated independently.
output
15,453 kwh., or 0.12% below
corresponding week a year ago.
reported at 155,108,000 cu. ft.,
the
ft.,
cu.
electric
of
corresponding week
revenues
profits
cess
Net
—>
—
the
641,547
6,143
After
benefit
$234,058,826.
Other
—
Total
1,503,000
in
21
reports
western
enjoyed
chiefly
been
'/
,
Corp.
should
"The
Association—Output—
Association
$
Other
company
this
decrease
week
Jan.
Period Ended Dec. 31—
National Power & Light Co.—
...
21,
a
for
the
Association
'■Federal
-—
the
The
to
minority interests
in
that
accrue
not
consideration involved
Power
solidation
$3,351,632;
384.
9,310,816
8,189,010
1,405,802
$1,410,387
Net equity of company
in income of subs.
Jan.
This is
New England Telephone & Telegraph
.
$4,038,868 $10,804,647 $11,923,417
1,335,632
—it
Balance
Portion
2,304,240
$2,746,019
to
surplus,
$6,343,108 $18,993,657 $21,234,233
•
—
earned
territory for the week ended Jan. 22, 1944, as
65,998,343, compared
with 65,693,304 for the week ended Jan.
23, 1943, an increase J3f 0.46%.
The comparable figure for the week ended Jan.
15, 1944, was 65,730,811,
an
increase of 1.73%
over the
corresponding week last year.—V. 159,
70,496
,
deductions
Balance
ties
S.
its
18,476
82,307
$4,855,775
public &
U.
has
would
Holding Company Act, it
reserve
(less
*
Electric
New England Power
p.
1—
•
Net
$797,534;
taxes
involved
; '
would
it
System
$6,323,163 $18,890,642 $21,145,261
v\;V M'
$4,821,524
revenues
.."
•
Another
•
12,672,625 kwh.
of
ft.
605,000 cu.
The
Net
$2,683,400;
for
output
increase
an
ended
kwh.
production of
.
6,799,257
6,694,665
1,859,022
week
12,657,172
^
1,666,296
the
For
of
reserve
appropriations
rates.
stockholders,
utilities
Hudson
sion
43,730,120
15,077,350
5,351,753
43,141,060
1,245,037
expenses
taxes
$3,208,801;' deferred
amortization, $200,-
the
dollars
$23,000,142 $24,349,020 $86,329,725 $92,103,741
taxes
$2,732,754),
companies'
of
tax series C, of $1,603,380), $484,225; reserve for con¬
investment in English subsidiary, $93,624; capital stock
total; $7.410,415.—V. 157,
,
Other
of
profits
(268,340
1943—3 Mos.—1942 v.,V 1943—12 Mos.—1942
revenues
operating economies which
tingencies,
Subsidiaries—
Operating
Operating
achieve
$124,229), $129,280;
if
Subs.)—Earnings-
(&
of
Liabilities—Accounts payable and accrued
expenses,
Federal and Canadian income and excess
New England Gas &
Period End. Nov. 30—
value
for
share has been declared on
per
surrender
Treasury notes,
the common
stock, no par value, payable March 1 to holders of record Feb. 19.
Distributions during 1943 were as follows: March 1, June 1 and Sept. 1,
25 cents each; and Dec. 1, 40 cents.—V. 157, p. 476.
25
(at
charges, $18,012; patents and trade marks (less
424), $53,735; goodwill, $1; total, $7,410,415.
National Oats Co.—25-Cent Distribution—
.
insurance
life
and
refund of. Federal and Canadian excess profits taxes, $191,property plant and equipment (less provision for depreciation and
post-war
J;:"
Vice-President, has been elected Chairman of
the Finance Committee, and Robert M. Tracy as Treasurer.
Elbert S. Brigham has been reelected President of the company.—
V. 159,. p. 383.
-
in
of,
MontpelierrVt.—-New Of¬
v
.
The Commission concluded that while
the unification would result
corporate simplification through the elimination of six
operating
companies and one holding company and would also
$129,060; investment in English subsidiary (approximately 74% owned)
not consolidated,
$93,624; other investments (at cost less reserve
*
451
System, and under the plan was to be eliminated. The
parent, Niagara
Hudson Power Corp., would
ultimately be dissolved.
as
seek
We
our
more
believe
company
profitable
the
with
a
however,
its
both
and
to
as
reduced
profitable
that
movement
to
cut
whether
fire
better
to
reinsurance
diversified
programs *should
go
more
An
expenses.
cut
expenses
business,
or
reinsurance
hand
in
hand.
is financially stronger will it be easier to secure
Underwriters buying reinsurance look
first
business.
financial
statement
of
the reinsurer.
An
important step in
strengthening
the
financial
structure
and
thereby securing more
profitable business might be to cut expenses further.
This we promise
carefully to study.
(5)
We
feel
that
the
present
directors
do
not
properly
represent
Monday, January 31, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
452
system
the time , has come to
represent larger stock¬
holdings.
According to Best's Insurance Reports, the entire board
of directors owned on Dec. 31, 1942, less" than 10,000 of a total of
300,000 share3.
We would strive to correct this situation.
We want
jour
interests properly protected by men who have a substantial
ownership in the company, who are willing to attend directors' meet¬
ings more regularly, and who can give more time to the study of the
fire reinsurance business.
•
;./•
(6) Heretofore, much of the American reinsurance business was
carried
on
by foreign companies.
Following World War II, this
should not be "allowed to go back to Europe.
We have plans whereby
the foreign connections which Northeastern already has may be used
for the-benefit of the entire American reinsurance industry.
If so,
Northeastern's mistaken foreign investments might not be a total loss.
At
least, we promise to make an honest effort- to recoup them in
shall
Power Co.
Northern States
;
be-required
158, p. 2473. -• j.':.;
totaled
the public,
in
maturing
•
■'.Of
the
of
before taxes____
after income taxes—
share on 234,920 shares
income
.Net
profit
Net
Earn, per
Record Airmail
interest
-
•
'
•
340,108
432,584 mail pounds
Demands for swift
Chicago and
,
"V
I
■
December, 1942, when
Prov.
December,
6,924,455 revenue
SEC
The
Jan.
on
its
issued
19
findings approving
1943,
is Edward W.
purchaser
prospective
The
revenue-
$8,705,372
$9,256,795
(net)—.
324,732
297,404
$9,030,104
1,533,390
$9,554,199
1,591,846
$9,178,868
14,649
"15",654
22,529
Cr26,231
Cr40,889
Crl66,610
$7,508,296
$7,987,587
$7,727,859
1,341,536
1,346,027
117
&c.
;
i—
Interest charged to con-
struction
„
Manager, has been
has resigned because of
Oklahoma Natural Gas
30—
12 Mos. Ended Nov.
; $
—
Pref. stock
stock,
Com.
miq.
.V.
int.—
revenues
Operating
Divs.
273,928.
1,336,6J6
114
on
Amount
Joseph H.
proposed
to
per
common
General
taxes
and
Federal
—
—
~
:
-
income
State
profits taxes
$820,042
$555,823
$207,189
$3.21
$3.51
$6,645,935
1,000,000
'/
f
income
.Gross
Retirement
income
Net
Divs.
:
._
1,578,939
—863,978
$2,168,662
319,000
———
prior pref. stock.—
$5.50 conv.
on
on
Pere
1,563,897
863,026
Gross
$3.13
$3.35
31—
A.J.
Co.—Earnings—
Canadian
profits
and
*
taxes
—---
railway taxes—_
Other
operating
Net
income—
Cr418,285
288,527
203,193
transferable
profit and loss—
Net income
Service Co.—To Buy
to
Marion Stock From
—V.
159, p.
385.
'
said
18,789
197,571
517,225
3,619,520
iw7; v;V '
'
Securities
The
and Exchange
the
all the
according
1943.
the
•
consummation of the proposed sale, Public Service pro¬
poses to issue and sell
to Cities Service Power & Light Co, 15,000
shares of common stock
of Public Service, par $100 a share, for
$1,500,000 in cash. This proposal also was approved by the SEC.
The Commission found that the record showed the proposed acqui¬
sition would tend to eliminate some of the economic and operational
factors "that are largely responsible for the present disjointed opera¬
Subject to
tions"
of
the
Marion-Reserve
properties.
result of the proposed
stock of Marion-Reserve
companies over MarionReserve (Public Service Power & Light and Cities Service Co.), Power
& Light and Public Service have represented that Cities Service Co.
is working toward the development of a plan whereby it will dispose
"Although, it
appears
that
a
temporary
acquisition by Public Service of the common
be the existence of three tiers of holding,
Petroleum
The
2,462,791
its
interest
in
the utility properties of
Power & Light,"
the Com¬
6,275,279
3,569,066
•:
mission found.
"The
The
the
A
be a
propsed acquisition will nevertheless tend to complicate
structure of Power & Light's holding-company system
of Marion-Reserve into Public Service, would
desirable method of eliminating this complication."
merger
Commission
pointed
out
that
there
is
appear to
pending
before
it
a
respect to Cities Service Co., Power & Light Public
subsidiaries of Power & Light.
'
"Simplification of the structure of Power & Light's holding-company
proceeding with
Service and other
called
Jan.
from all
of America—SEC; Approved
approved the proposed
stockholders who may accept the offer
has outstanding 1,853,000 shares
Petroleum
stock
common
tively
783.776
tuting 42.3%
(par
$5
per
of exchange.
.
of a single class of
share). Sinclair and Adams own respec¬
shares and 135,600 shares of Petroleum stock,
and 7.3% respectively, of Petroleum's'outstanding
consti¬
voting
securities.
Petroleum's, total assets at market; value
consisting almost exclusively of securities
of 21 companies engaged in the petroleum industry, and cash.
The proposed transaction does not contemplate the- dissolution of
Petroleum.
Petroleum's officers and directors and their associates,
who hold in the aggregate 60,300 shares of Petroleum'stock, will not
accept the offer of exchange, Adams has reserved'the right, to-decide
Whether or not It will accept the offer while Sinclair has decided to
accept the offer. See also V. 158, p. 2365, 2619. -■
As
of Jan.
8, 1944.
amounted to $17,822,582,
_
to 3 % %
the pur¬
accord¬
158, p. 2194.
Opens New
the entire
p.
estab¬
General Sales Director,
2194.
Debentures—
.
sinking fund gold debentures have
interest. Pay¬
through the Royal Bank of Canada.—V. 159, p. 113.
redemption
as
Co.
Service
of Feb. 21 at 101% and
of
Oklahoma
—
SEC
Approves
final approval Jan. 11*
Southwestern Light & Power Co,r into
and certain related transactions
between Middle West Corp., Central & South West Utilities Co., Amer¬
ican Public Service Co. and West Texas Utilities Co.
Among the transaction specifically approved were:
(1) The issuance of 15,000 shares of 5% preferred stock by Public
and Exchange Commission gave
The Securities
to
proposed
the
Service
(3)
($100
assumption
.
par)
common
West
shares
to
Corp.
of
$6
Power Co.
stock and the acquisition of such stock by The
and the transfer by The Middle West Corp. of'
preferred stock of Southwestern Light & Power
Publice Service Co,
The sale
(4)
of
Light &
11,167
Service
and South
of
of
Oklahoma,
$6,648,000 of 3%% first mortgage bonds of
by Public Service Co. of Oklahoma;
The issuance by Public Service Co. of Oklahoma of 11,167 shares.
The
Southwestern
Co,
of
Oklahoma;
of
Co.
merger
Co.
Service
Public
and
Co.
of
of Oklahoma;
of 9,679 shares of common stock. of
Oklahoma by The Middle West Corp. to Central
transfer
West Utilities Co. and the sale and transfer of 1,488 shares
common
stock
of
Public Service
Co.
<
(5)
note
The issuance by Central and South
in the
Oklahoma by The Middle
Co.. and the acquisition of
of
Corp. to American Public; Service
such stock by said companies! -
West
21
2%
regional offices are in process of being
outstanding 20-year 6%
for
Public
">
as
.
corporate
on
Ai
'
Southwestern Merger—
2,356,280
•
SEC
10-year
Porto Rico Power Co., Ltd.—To Retire
transaction whereby,
pursuant to an offer made to all of Petroleum Corp.-of America
stockholders, Adams Express Co. and Sinclair Oil Corp. may exchange
their
Petroleum stock for their pro rata shares, of each class of
securities owned by Petroleum, together with their pro rata shares
6f Petroleum's net cash, less 1%
of the total value of their pro rata
shares of all net assets to cover expenses Incidental to the exchange;
The
proposed transaction involves, in addition, the. purchase by
Sinclair from Petroleum, at the closing market :or bid prices on the
day when the offer to stockholders expires, of such portfolio securities
may be sold to provide cash to be paid'to stockholders,in lieu of
fractional interests in the portfolio securities of Petroleum allocable
to such'shares of stock of Petroleum as may be exchanged pursuant to
the offer.
Petroleum" also got permission to purchase Petroleum stock
•"
Will
of
Corporation
Plan—
outstanding
$581,000 to $381,000 through
making this announcement.—V. 158,
in
Public
Commission approved on Jan. 7
■"
directly handling locomotive sales and service for
Middle
(vs-,
,
'
£
All of the
Manufacturers Trust Co.—
proposal of company to purchase from Manufacturers Trust Co.
issued and outstanding common stock of Marion-Reserve Power Co.,'
consisting of 330,000 shares (par $5), The purchase price is payable
in cash and is $2,550,000 if paid on or before Dec. 31, 1944, increasing
each day thereafter at the rate of $10,000 a month,
to
terms of a contract between the two principals, and dated Sept. 30,
from
throughout the country, W. W. Calihan,
lished
$55,052,804 $44,311,308
698,658
'
*
York
Additional district and
„
287,159
s ~ '
an
New
Street,
and is also
1943—12 Mos.—1942
5,934.556
2,677,785
6,003,088
''
1943, of $200,000 principal amount at par,
of
opening
(2)
inc. and excess
273,165
770,000
1941
of
Electric Co.—Bonds Called—
1943—Month—1942
$4,633,090 $4,513,840
\
Eastern seaboard.
\
will be
fund.—
,
Marquette Ry.
_.
Federal
~
enlarged New York and export office at 50
City, made necessary to accomodate rapid
expansion of its business, has been announced by this company.
The new office will serve as an Eastern center for the company's
entire line of locomotives, process equipment and pumps.
Thomas Mac Lachlan has been named General Manager in charge,,
The
first lien and
Period End. Dec.
$2,558,546
319,000
770,000
—_
Common
Ohio Public
$4,985,469
i.—273,165
pref. stock
stock dividends—_w_.
—V. 159, p. 219.
Divs.
$4,611,579
—
accruals—
reserve
deductions
Income
'
'
Porter Co., Inc., Pittsburgh
K.)
Church
redemption as of March 1, 1944, a total
refunding mortgage series" A 5 V2% sinking
fund gold bonds at 102 and interest.
Payment will be made at The
Chase National Bank
of the City of New York, successor trustee,.
11 Broad St., New- York, N. Y.—V. 157, p. 477. •
$4,581,057 $4,960,006
30,522
25,463
Other
|
/ i
reduced' its
has
December,
(II.
been called for
have
5 Va %, and " one share of class A,
exchanged.
first series,
*
,
Co.—Reduces Outstanding Debentures—
ment will be made
There
prior
record Feb,
on
'
company
in
been
of $100,000 of
share
per
of
Office—
.previously called for redemption
through operation of the sinking
int.
Pennsylvania Gas &
1,470,910.
——2,739,000
■'..>«
52,018
previous
^
1,000,000
of debentures
and
1,235,639
405,359
247,131
5,/a%.,
the
prior preferred,
4,825,893
-
par
106,593
1,527,608
475,371
282,931
preferred stock for each share
1
t
The
V. 159, p., 12.
and Federal excess
—
Utility operating income————
income (net)—
——
•
$13,191,158 $11,485,974
4,566,490 3,901,429
381,929
295,654
922,682
857,976
at
1,466,642
274,523
139,283
holders
serial debentures
3Va% sinking fund
$55,000
The
redeemed
302,215
announced
Poor &
$6,033,082
$345,612
sh. applic.
stock
N. Y,
New York.
;
39,347"
1,454,553
$1.37'/2
on
to
1
all
as
share
,»
Corp.—Calls All 3Vz% Debentures
debentures due Aug. 1, 1949 ($1,275,000
outstanding after retirement" of $55,000 of this issue on Feb. 1, 1944)
have been
called for redemption as. of Feb.. 24 at 102V2 and int,;
Payment will be made at the City Bank Farmers Trust Co., trustee,
All of the
was
chase
$6,381,716
1,000,000
4,825.893
1769.
—V. 158, p.
111,139
Jan. 25 that the dividend Just declared, as
dividends on prior preferred stock first series,
51/a%, will be paid to holders of the class B, 7% preferred stock wha
make the exchange of their holdings on the basis of four-tenths of a
$7,380,059
4,825,893
Remainder to surplus.
Lake, acting as nominee
—
——_—_—^
March
well
24,082;
4,825,893
stock
com.
-
13,566
.
has been declared on account of'
preferred stock, first series, pay¬
15. Payments last year were
as
follows: March 1, June 1 and Sept. 1, $4:12%, each; and Dec. 1,
$5.50.
Arrearages, after payment of the dividend just declared, will
amount to $1.37'/2 per share.
•
'
"
s
Cr 14,763
.
1940-:!
$116,046
.
of
dividend
able
191,633
/
.
8,118
.
47.
p.
accumulations
89.409,761
1,828,750
1,595,090
20,878
.
Pittsburgh Steel Co.—Accumulated Dividend—
$9,141,200
268.561-
$8,604,941
1941
''
$118,169
23,668
income—
oper.
159,
A
.
$6,171,505
1,000,000
stock.—
pref.
on
Divs.
elected a director to succeed
illness.—V. 158, p. 2257.
—.—
Operation
Maintenance
Federal
by
1942
ing to a statement filed with SEC.—V.
Corp.
plus
30,
of Missouri
Co.—Income Statement—
1943
1942
26
$113,013
railway..
from
ry.
5%
Net/inc. before divs._
divs," of sub,
;?•
Ltd.—New Director—
Sellers, Western
H.
Jan.
19,260
railway-
from
Net
Pacific Western Oil
R. R. Dobell who
" ">
-
1943
income—
oper.
Gross
119
—
interest
Other
Straus and William J. Friedman of Chicago,
Grand of St. Louis, and E. F. Potter of Farmington, Mo.
The
consideration is a base price of $530,000 cash.—V. 158, p. 2584.
Ogilvie Flour Mills Co.,
•
permitted
were
$106,591
-..
railway
From Jan. 1—
x
1,346,858
117
oper.
Amort, of b'nd disct.
the sale and
for Frederick W.
Net ry.
—V,'
13,109,156
7,115,753
oh funded debt
Int.
*
'
Gas Co,
companies
railway
from
from
It
Ogden of $805,500 'of unsecured 6% demand notes,
unpaid interest thereton (amounting as of Sept,
to $136,932), and 100 shares (no par) capital stock
Natural
Net
26,606,973
Applic. to Pacific Ltg.
and
accrued
December—
Grcss
1941
1940 /
$48,681,963 $45,229,757
24,149.928 22,423,585
11,441,328
9,305,039
7,702,2526,703,268
6,322,055
5,962,719
Total
Securities—
by
transfer
all
'
'
two
the
Pittsburg Shawmut & Northern RR.—Earnings—
-V::. V;
28,078,666
business
carried
! Ogden Corp.—Sale of Sub.
of
seek
to
employees, the trustees said.—V. 156, p. 1058.
1943
1942
$57,008,947 $54,008,363
revenue.—
Other income
nation's
flown
1, 1961,
retirement
for
Net
9,328 revenue passengers during
858 over the previous month, and were
passenger miles.—V. 159, p. 384.
NWA planes
an increase of
,
permission of the War Labor Board to increase wages
of, about 500 non-operating employees.
Those involved in an intended
5% increase did not share in recent wage increases of the operating
court
$10,637," now held in
holders, plus accrued
surrendered," but in no
expenses
oper,
Taxes
November when
transportation of passengers on war
creditors.
to
Trustees
the
(& Subs.)—Earnings—
Pacific Lighting Corp;
Calendar Years—
Carried in 1943—
Passengers
They also asked the Philadelphia Co. to "enter dis-bankruptcy because reorganization of the carriers
the
on
Net
Operating
the Pacific Northwest sent Northwest Airlines
revenue
figures up during the year 1943, with 93,494 revenue pas¬
sengers carried a total of 63,787,683 revenue passenger miles.
The
figures represent an
increase of nearly 12,000,000 revenue
passenger miles over 1942 and an increase of 2,791 revenue passengers,
iMr. Hunter reported.
Spotlighting the general upward trend of air service to the
effort,
-
Gross
over
J
,
of the company and the
not
tion
Los
2584.
•
between
war
V:
flown.
were
Revenue
More
'■
p.
months of the year with a
pounds, an increase over
carried and a big gain
534.520 mail
pounds were
of
total
|
holding $12,300,000 in securities
practicable or feasible," counsel lor the creditors said.
• ;
In recent
years,
the creditors asserted, the railways system had>
accumulated more than $13,300,000 in cash but had made no destribu-
Electric Co.—New Director—
Charles R. Page has been elected a director, succeeding D. H. Foote,;
resigned.
Mr. Page is Chairman of the board of Fireman's Fund In¬
surance Co. and is also Chairman of
the United States Treasury De¬
partment's War Finance Committee for Northern California.—V. 158,
1,888,297
showed an increase of 1,475,170.956.
The month of December led all other
Railways—Creditors Seek to End Bank>
,
they hold.
cusslons"
Pacific Gas &
gains over 1942, Mr. Hunter's report showed the
company established an all-time annual record when it hauled
more mail pounds in
1943 than in the previous year, and mail-pound
miles
that
"is
to and inch Feb. 29, 1944.
. '
Angeles Pacific Co. above.—V. 157t p. 644.
0'^V•; • '»*•-*•'" *
See also Los
■
.
.
like
Pittsburgh Motor Coach Co. proposed Jan. 26 termination of bank¬
ruptcy proceedings which began in 1938,
The 24 creditors, including 11 banks in Pittsburgh and Philadelphia,
asked 'the Philadelphia Co.—parent
company—to buy the securities-
the common-
series 'A" bonds, due Sept.
such bonds are
and including date
to
of
event later than
Carried—;
large
Revealing
refunding mortgage
of
distribution
1770.
p.
Pittsburgh
sufficient to exhaust the sum of
sinking fund, at prices to be named by the
the
1943
1942
$1,459,052 $1,226,152
:
625,660
——
312,830
201,916
capital stock
$1.33
$0.86
it
to
on
158,
ruptcy—
each quarter, and,
company paid 25 cents per share
May 28, 1943, made an extra
the
year,,
addition,
in
Co.—Tenders Sought—
an.amount
to
Co.—25-Cent Distribution—
Jan. 26 declared a dividend of 25 cents per share,
stock, payable March 1 to holders of record Feb. 9.
on
common
amount.—V.
4. Payments
20, 50 cents
office in the Pacific Electric Building,
Angeles, Calif., will until noon on Feb. 23, 1944, receive bids for
Northwest Airlines planes during 1943 totaled
5,001,481
pounds, Croil Hunter, President and General Manager,
announced.
Airmail pound miles for the 12-month period totaled
4,003,213,910.
the
Creditors
its
at
company
2155.
p.
Pillsbury Flour Mills
Mfg. Co.—50-Cent Payment—
Pacific Electric Ry.
of
The directors
20 to holders 'of
distributions were
each; Sept. 20,
$5,
par
The
by
carried
Airmail
■
issue: March
50 cents per share has been declared cn
payable Feb. 21 to holders of record Feb.
last year
were as follows:
Feb. 20, May 20 and Aug.
each; and Nov. 19, 75 cents.—-V. 159, p. 12.
-—
...
v-' - '
•
Jan. 20 paid an extra dividend of $1 per share
usual quarterly dividend of 50 cents per 'share,
record Jan, 5. No extra was paid during 1943,
the
to
holders
to
—V. 157,
dividend of 20 cents per share on
a
dividend of
A
Inc.—Earnings-
Northwest Airlines
declared
; Outboard Marine &
sale
Quarter. Ended Sept. 30—
Total operating revenue-.-
.
Northern Ry.—Pays Extra of $1—
on
company
addition
both
20-Cent Common Div.—
common stock, payable March
During the year 1943, the following
23.
this
on
stock,
'•.
384,.
p.
ih
20 and June 21, 20 cents
cents; and Dec. 20, 35 cents.—V. 158, p. 1941.
25
Feb. 28, 1944.—V. 159,
notes maturing
158, p. 1074.
Piedmont &r
on
value
par
no
record Feb.
made
principal amount
and to pay $4,000,000
1, 1944,
March
on
company's promissory
the
have
directors
The
semi-annual installments commencing six
The proceeds from the issue and sale
and notes will be used to pay $4,999,000 of
Light Co. general mortgage gold bonds 5%
aforesaid bonds
St. Paul Gas
the
l.
Last
date thereof.
assumed
maturing
of record
and Aug.
common
The
Street Ry. Co.—Tenders—
Otis Elevator Co.—To Pay
equal
ten
share on
directors have declared a dividend of 25 cents per
stock, no par value, payable Feb. 15 to holders
Distributions of 50 cents each were made on Feb. 15
The
■
price.—V. 157, p. 557.
the provision of Rule U-50; and (b) to
banks at private sale and not for resale;
2'/4% Serial Notes in the principal amount of $4,000,000
months from the
s;-..v
Insulated Wire Co.—Smaller Dividend—
16, last year,—V.
York, trustee, 140 Broadway, New
York, N, Y., will until 10 o'clock a. m. (EWTl on Feb. 10 receive
bids for the sale to it of 1st consol. mtge, gold/ bonds dated Dec. 1,
1902, to an amount sufficient to exhaust the sum of $60,391 (exclusive
of accrued interest)
at prices not to exceed the prevailing market
purchase in accordance with
issue and sell to commercial
to
J
the
Feb.
Guaranty Trust Co. of New
The
their
written proposals for
Southern Corp.
retirement by Ohio of
112.
p.
385,"
p.
'
the week ended Jan.
invite sealed,
159,
Omaha & Council Bluffs
Power Co. (Minn.)—Hearing Feb. 2—
The SEC will hold a hearing Feb. 2 on an application filed with the,;
Commission by Northern
regarding the following proposed trans-.acitions:
:
-s
: ■'V:"'"1";
Company proposes:
(a) to Issue and sell $5,000,000 first mortgage
bonds, series due Feb. 1, 1974, the interest rate on which has not been,
and publicly to
recently approved,. subject
proposal of Commonwealth &
Edison Co., regarding
of its preferred stock, constituting all the shares of the
$6.60 series, $7 series and $7.20 series outstanding, of which 84,464
shares are held by the public and 12,i34 shares are owned by C, & S.
—v.
22,
Jan.
I Philadelphia
96,598 shares
Northern States
determined,
^
and Exchange Commission
The Securities
to reservations, the joint
its 'subsidiary, Ohio
ahd
22, 1944,
'With 40,643,000 kwh. for the
increase of 4.9%.—V. 159, p. 384.
last year, an
cbrresponding week
159,
week-ended
Co.—Retirement of Pref.—
Ohio Edison
(Del.)—Weekly Output— J;
of this company for
42,617,000 kwh., as compared
Electric output
of
for this company and its subsidiaries for the.
1944, amounted to 134,025,000 kwh., an increase
10,842,000 kwh., •'or 8.8%, over the corresponding week last year:—.
electric output
The
resex-ve
said.—V.
part.—V. 159, p. 218.
'
Co.—Weekly Output—
Philadelphia Electric
appropriately be considered in that proceeding, and we
jurisdiction with- respect to such further action "as may
as a result of the proposed acquisition," the Commission
may
V.
stockholders' Interests.
We believe that
substitute certain of them :by men who own or
the
principal amount of $870,000
-
"•
West Utilities Co. of its 4%
and the acquisition of such
.'note by The Middle West Corp.;
• .
(6) The acquisition by American Public Service Co. and the Middle
West Corp. of such shares of preferred stock of Public Service Co. of
,) Oklahoma as may be required pursuant to the agreement between such
companies and Public Service Co. of Oklahoma executed in connection
with the
proposed merger of Public Service Co. of Oklahoma, and
Southwestern Light & Power Co,;
•"
'. .
(7) The acquisition, by West Texas Utilities Co. and the sale to it,
by American Public Service Co. of such number of shares of the $6 '
preferred stock of West Texas Utilities Co. as will, at a price of
$69.17
per
share, provide' American Public
Service Co. with the
approximate amount of funds as may be required by it pursuant to
the agreement
between it and (Public Service Co. of Oklahoma in
connection with the proposed merger of Public Service Co, of Okla¬
homa and Southwestern Light & Power Co.;
(8) The solicitation by Public Service Co. of Oklahoma with respect
to its offer to exchange its preferred stock for the outstanding pre¬
ferred stock of Southwestern Light & Power Co.;
(9) The acquisition by Public Service Co. of Oklahoma and surrender,
by it for cancellation of such amount, not exceeding 15,000 shares,
of the preferred stock of Southwestern Light & Power Co. as may,be
acquired by it pursuant to such exchange offer;
1
(10) The acquisition and retirement by Southwestern Light & Pcwetf
.
•
(Continued on page 484)
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4251
159
453
JR
Msm
Stock and Bond Sales
DAILY
Cash and deterred
NOTICE
delivery ealei are
Blew York Stock Exchange
«»
WEEKLY
-
YEARLY
-
disregarded In the day's range, unless they are the only transactions of the day. No account is taken of such
sales in computing the
range
for the year.
United States Government Securities on the New York Stock Exchange
•
Below
v
furnish
we
daily record of the transactions
a
4
Jan. 27,
Jan. 26
Jan. 25
Jan. 24
Jan. 22
Daily Record of 0. S. Bond Prices
Treasury
in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
Figures after decimal point represent one or more 32d of a point. (See note below).
the current week.
Stock Exchange during
Vis, 1947-52
"
4S. 1944-54
Vis, June, 1964-1969
\
$7
[High
j Low
$10
(High
1 Low
".
[Close
3 Vis,
r'- ::-
■■■
100.19
100.19
100.18
100.18
100.18
■"t't
;
10
4
7
J
n;*''
:•••'
^
'
2S,
[High
Low
[High '
[High
111.23
111.20
1
Total sales In $1,000 units
V
..
2%s, 1945-47
,
—
Total sales In $1,000 units
111.20
111.23
[High
-I Low
2s, June, 1949-51
1
'
{ Low
[Close
111.20
111.23
Low
Close
•
[Close
3s, Dec. 1948-50
[High'.
2%s. 1955-60-—
[High
■
Total sales In $1,000 units
;
Total sales In $1,000 units
■
[Close
Total sales In $1,000 units
[High
\ Low
2s,
I Close
Sept.,
(High
\ Low
1949-1951
[Close
Total sales In $1,000 units
•!
,*
"
■.'
t
f High
Total sales In $1,000 units
;
[High
) Low
2%s, 1948-51
28, Dec.,
[Close
{
1949-1951
Total
-
sales In $1,000 units
[High
.
2s, March, 1950-1952
[ Close
111.9
| Hign
LOW
-■
.
111.9
[Close
2s,
Sept.,
Total
{
1950-1952.
sales In $1,000 units
i.
[Hign
Total sales in
100.7
100.7
100.7
I
4
$1,000 units
'
v:
{ Low
[close
...
.
•
1953-55
£;V
[High
{ Low
;
sales In $1,000 units
.
1948
.
/High
.-
——j Low
[Close
r.
f
Total sales In $1,000 units.
j Low
(Close
'
l%s
;.
[Close
Total sales in $1,000 units
[High
■
{ Low
2%s, 1949-53
Federal Farm Mortgage
[Close
v
Total 6ales in $1,000 units
'v.v
-
[High
{ Low
[Close
-
[High
{ Low
3y4S, 1944-1964
[High
2%». 1950-52
3s, 1944-1949
'
[Close
Total sales in $1,000 units
Total sales In $1,000 units
■
•
100.7
[High
2s
Total
>•,
1948
.
.....
.,
Total sales In $1,000 units
.V
100.7
100.8
Total sales in $1,000 units
i-'
2%«,
100.7
100.8
(High
[High
] Low
I
1945
2%S,
100.8
1951-55
2S,
[Close
'
!• :[ .~,,y.A
Total sales In $1,000 units
^
r High
[High
{ Low
r.:',.'
—
r„{ Low
[Close
2s, 1951-1953
Total sales In $1,000 units—
;
Low
——
■;
-;-.y
{ Low
I Clos©
.
[High
.
[Close
*
10
""
2%S, 1960-63—
1C1
$10
111.9
In $1,000 units
...
101
Total sales in $1,000 units
'
/
2%S, 1958-63—
101
j Low
[ Close
Total sales in $1,000 units
2%s, 1956-59-
[High
.
.
{ Low
2%a, 1951-54
LOW
[close
Total sales In $1,000 units
Total sales
Clos©
j Low
■.V'■
Low
[Close
•
S
as, March 1948-50
[High
'
Low
I
,
vyVV-
—,
3s. 1951-55—
[High
{
'
C'V
^ I,
Total sales In $1,000 units
[Close
.
106.9
j Low
•[close
1947—
C
•
.
Total sales in $1,000 units
106.9
106.9
{
•
—'
[High
—f Low
1946-48
100.9
Total sales In $1,000 units
•
[close'.
:
3s.
100.9
40
%•>•••'.
ay*s, 1954-56
j Low
v:
Total sales In $1,000 units
I
100.9
Low
jClOS©
i High
3%s, 1949-52
100
[Close
—— .
v;
100
100
'
1
,
"
100
100
Total sales In $1,000 units
[close
\
<
Total sales in $1,000 units
Jan.28
Total sales In $1,000 units
.{Low
1946-49
.
'/
Jan. 27
[High
{ Low
V»;t
V'v.
ay4S, 1952-55
.
("High
York
1
100
[Close
ay4s, 1951-53
'
100.18
100 18
100.19
100.19
'•
100.18
100.19
.100.19
the New
100
Total sales In $1,000 units
Total sales in $1,000 units..—
■'-
Jan.26
<
[High'
-
[High
{ Low
3y48, 1944-46—
Jan.25
j
2Vis, 1967-72
[Close
on
100
$1,000 units...
Total sales in $1,000 units.,—:—,
-:r
bonus
100
100
[Close
102.28
Total sales in
Jan. 24
;
100
[High
{ Low
-
3%S, 1946-56
100
1
2Vis, Dec., 1964-1969.
102.28
Total sales in $1,000 units
Jan. 22
[High
Low
[Close
Total sales in $1,000 units
102.28
[Close
-
2
111.16
[Close
■
•Dally Record of U. S. Bond Prices
Treasury
111.16
Total sales In $1,000 units
;
Jan. 28
111.16
[High j Low
•
coupon
;
High
-
Low
{ Low
2%S, 1952-54
Close
[Close
Total sales In $1,000 units.
Total sales In $1,000 units
•■■■'•
f High
2%8, 1956-58
-j LOW
Home
[Close
'""["High
j;::
$5
y
[High
100
100
100.2
100
n-'-.
[High
lVaS, 1945-1947
{ Low
100 2
{ Low
[Close
1963-1968
[Close
i
Total sales In $1,000 units
'
*
Low
<
100.9
100.9
Total sales in $1,000 units
2%s,
^
(High
100.9
[Close
*
Loan
3s, series A, 1944-1952
__•! Low
2%s, 1962-67
Owners
-
Total sales In $1,000 units—-----
100.2
Total sales In $1,000 units
5
[Close
Total sales in
10
•Odd
lot
$1,000 units—
^Transaction
sales.
of
registered bond.
NEW YORK STOCK RECORD
LOW AND
Saturday
Jan.22
t per
share
60 Vs
60 Va
110%
110%
Monday
Tuesday
Jan. 24
Jan.25
$ per share
60
110%
110%
•47"
48
47
47
54
54
54
40%
*75%
6%
*132
"
*109%
*47
54%
60%
110%
49
54%
107/B
;
10%
10%
10%
10%
28
10%
*27%
19%
I per share
«KQ
60
*53 %
HIGH SALE
27%
27%
27%
28
20
20
20
19%
19%
40%
40%
40%
41%
40%
80
6%
134
*75%
6%
133%
80
*75%
6%
134
6%
137
80
6%
137
PRICES
Wednesday
•>;
Jan. 26
9 per share
STOCKS
Thursday
Friday
the Week
9 per share
I per share
60%
60%
60%
*58%
59%
*109% 110%
*109%
110%
110%
110%
*59
*47
49
54
54
10%
*27%
10%
28
*47
53%
49
10%
10%
*27% .'28
19%
19%
19%
41
40%
*75%'
6%
137
6%
137
6%
136
10
54
500
10%
10%
5,800
300
28
19%
40%
78
*75%
6Va
6%
136
136
19%
v
41 Vb
800
4,800
6%
6,600
136
230
2%
2%
2%
25 V2
25%
25%
25%
25
25%
24%
25
24%
24%
24%'
25
5,900
.25%
25
25%
25
25
24%
24%
24%
24%
24%
24%
40
40
*39VB
39%
2,500
39%
39%
39
39%
•38%
39
39
39
900
26%
26%
26
26%
26
26%
i 75
25%
>71
26
26
26
5,100
2%
26%
*71
26%
73
10
*146%
*14
30%
For
73
*71
•71
10
10%
10%
148
146 %
146%
15
30%
footnotes
*14
15
30%
see
10%
*146
*14%
30%
page
2%
463.
30
2%
75
10%
146%
15
30%
2%
*71
10
1142%
*14V'b
30%
2%
10
145 %
15
30%
2%
10
142%
*14%
.30%
2%
2i/B
75
*71
10
3
61
—100
109% Jan
17
111
preferred
No par
25
Steel Co
Adams Express
Adams-Millis Corp_.
2%
Address-Mutigr
Air
Reduction
No
No
Jan
Jan
I per share
11
5
47
Jan
24
48
Jan
5
53
Jan
3
55
Jan
18
51%
108
Highest
9 per share
63% Mar
Jan
Nov
35%
115%
52
Jan
41'A Jan
par
10% Jan
27
11% Jan
6
7%
Jan
Par
27% Jan
24
29% Jan
5
25%
57%
Feb
Sep
July
Sep
13
Apr
32% July
•:>
ll.ioo
75
Alaska Juneau
10
1,500
1,400
Allied
16
32 Vb
Chemical
&
Allied Kid Co—
13,200
6
20% Jan 20
14%
39% Jan
3
41% Jan
38% Jan
48"%
Jan
13
67
Jan
76%
Sep
5% Jan
3
Jan
7%
Apr
Jan
128 %
Dec
3
July
_10
Allen Industries Inc
144
30%
19% Jan
par
—100
Albany & Susquehanna RR—100
Allegheny Corp——
——1
5 % % pf A with $30 war
—100
5 % % pf A without war.
100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd
100
*15%
-
No
Gold Mln
*9%
15
10
Corp
Inc—
143 Va
143%
30%
4%
59% Jan
Abraham & Straus
Acme
Lowest
t per share
——No par
Alabama & Vicksburg Ry
80
25 y4
.
Abbott Laboratories
1 per share
Par
■■■.
Year 1943
Range since January 1
Highest
Lowest
,
'
40%
78
30
49
*27%
19%
40%
*75%
400
54
.
EXCHANGE
•y
Shares
*47
53%
Range for Previous
STOCK
NEW YORK
Sales for
Jan. 28
Jan. 27
Allied Mills Co Inc
75
124
Jan
3
75
13
6% Jan
15
137
No
25
85
21% Mar
Jun
3
2% Jan
26% Jan
11
23% Jan
15
5%
Jan
32 y4
Sep
4
26% Jan
15
5% Jan
31%
Sep
37
4-
40% Jan
11
13
Jan
3
27% Jan
12
18%
Jan
70
21
64
Jan
7
Jan
2 Vb Jan
24%
70
Jan
Jan
Jan
6
21
9% Jan
3
10
par
5
142% Jan
26
150
No par
Jan
3%
Jan
23 % Jan
1
Dye
5
Jan
Jan
V2 Jan 25
Jan
7
A Jan
140% Jan
14
Jan
4
14% Jan
15
10%
Jan
30
Jan
25
32% Jan
7
16 y4
Jan
45%
Sep
31% July
75
11 %
165
May
Jun
July
14% May
37% Nov
THE COMMERCIAL & FINANCIAL CHRONICLE
454
LOW AND HIGH SALE
Saturday
Jan.22
Jan. 24
t per
PRICES
$ per share
14%
14%
15
15
V
14 Va
14%
14%
14%
*96%
97%
*96%
97%
96%
96 Va
*96'A
97%
96 Va
37%
38 Va
38%
38%
38%
37%
38%
37%
19%
19%
19 %
19%
19%
19%
33
85%
85%
*84
*30%
31%
19%
2%
*33
34%
*33
20
*2%
2%
2%
2%
2%
300
38%
4,200
Allis-Chalmers
19%
85%
84 'A
85%
83%
31
31
30%
30%
>'77
5%
share
14% Jan
16
27
Jan
3
97% Jan
27
40
Jan
5
3
20
Jan
Alpha Portland Cem_
2,300
Amalgam Leather Co Inc
300
84%
84%
1,100
30%
30 %
900
18 Va Jan
No par
Jan
4
28'/a Jan
12
2
1
6%conv preferred™
Amerada Petroleum Corp™No
50
2% Jan
33
$ per share
z
Jan
73%
25
2,100
Amer Agricultural
6%
13
37% Jan
Highest
S per share
6
96'% Jan
30%
*29%
Par
Year 1943
t per share
No par
Mfg
2%
2V4
$ per
Lowest
Highest
———100
preferred™
33%
2%
33%
84 Va;
84% '
30%
30%
19%
Lowest
rV-:.;,
Allied Stores Corp——.4.—No par
•10,500
*31V7
84%
*2%
33
33
Range for Previous
Range since January 1
/
...•
';,'".7' 'V' 7 '1
97%
38
:"V
STOCK
*OKK
EXCHANGE'
15 Va
,
*31%
2%
2 %
34
v,;
*96%
19 Va
32%
.'7,'
14%
38
20'
14%
NEW
Shares
//"■
STOCKS
for
the Week
f per share
96%
38%
■
Sales
Jan.28
$ per share
$ per share
15%
Friday
Jan. 27
Jan.26
Jan.25
f per share
share
•v
Thursday
Wednesday
Tuesday
Monday
Monday, January 31, 1944
Jan
16%
17%
60
60
60 Va
59%
59%
59
59 Va
59
59
58%
58%
2,500
American
Jan
23%
18
17%
18
17%
17%
17%
17%
17 %
17%
17%
17 Va
1,600
American
Bank
%
Jan
13%
Jan
31%
Oct
Jun
2% July
3
86% Jan
8
x67
Jan
86'/a
29 % Jan
3
31% Jan
14
23
Jan
34
52
*60%
62
62
62
12%
12 Va
12%
62
61
13%
13%
37%
37%
9%
86 r
175 Va
175%
34%
35
34%
35%
70%
70%
71
71%
1.500
23%
23 >A
23%
23
,23 V4
23 Vi
23%
23V4
23%
110
108% 108%
112
111V4
■V'.
2
12
15%
*102
104
*11%
12%
*14%
15%
*102 S
104
105
104%
49 %
2%
2%
*102
2%
10"
Jan
Sep
76% July
Jan
18%
23%
23%
23%
23%
23
23%
Dec
Jan
61
Nov
74 -
75%'
18 Va
17%
18 Va
61
64%
64%
65%
36%
4%
35
35 Va
35%
A'
42%
*59%
61%
*7%
*
,'>■
7%
47
6%
*46
35V4
*35%
36
338
7 3%
3%
33 %
2%
2%
2 V2
47
83%
14%
9%
14%
9V2
9%
14%
9%
10
23%
22%
22%
22%
22%
119 V47
*32%
33%
2 Va
46%
46
41
41%
4114
417 a
9%
9V4
9%
/
9%
9%
9%
*160
164
*160
9%
164
9%
*160
9%
164
*160
164
13%
13%
13
13 Va
65 %
65%
65
65%
64%
14%
14%
14%
14%
*14%
*14%
14%
14%
14%
28 V8
28 %
*27%
28%
14%
14%
14%
14%
28
28%
28*%
37
37%
148
37% '.•••:
149.
148 V*
148
42 Va
*42
42%
43
37%
*150
153
26%
15%
27%
7:
37%
-37 7;
26
Va'
15 Va
15
%
19 %
*18%
19
*18%
19
29%
30
29%
25 3
30
'115
115
a
*150
25%
15
15%
19
7' *18', 4
29%
7 29%
i.
15'3
■
61%
141%
10%
141'/a
11
11
■
115
120
115
r 115
29
156%
62
115
115
115
*28Vi
62
29
28%
156%
156%
157
156%
62
61'%
62%
62
"
62%
62%
62%
142 *
10%
46
62%
141
10%
120
62%
7Va
7%
88%
88 Ve
142
10%
45%
10%
47
*43
47
25 Va
25 Va
*25%
25%
25
25%
*20%
21
20%
20 Va
*114%' 116
*114%
.
-
-
7%
119%
6%
45%
*118
62%
6234
143
143
10%;
45sa
45%
*118
71%
4%
47
6%
6
69%
.
4%
*42
25%
•* 5%
82%;
6%
Va
•
*6%
'7; 713a
'*
9
61%
63
7} 3.200
410
10%
6,300
45 %
116
*114%
10 Va
*9%
2V4
414
4%
7 Va
9
72
4
%
25 Va
15,500
25%
25'%
20%
20
20%
*41
89
85%
85% '
86%
86 Va
29%
30 Va
29%
30%
28%
27
27
81Va
81%
81 Va
102 Va
40
100
39%
81
100
25%
*9%
*109%
110%
59%
f
■
88%
*36%
105
60%
85%
700
Arnold
500
Artloom
89%
12%
95%-i
V
7
;
36'A
*103 %
<•"
86
28%
x56%
12%
:
12%
96
7. 89
Va
*103%
36 Va
105
,
;
86%
85%
160
28%
28%
28%
27%
*25 Va
27%
14,500
84%
23
*25 Va
210
200
57 3%
86
29%
27
560
,7;
57
57%
2,400
'
89%
36%
36%
106
7%
V
95%
12%
95V4
89
*89
37%
105
107
*104
107
*104
25%
25
25%
109%
109
1,400
18.000
v
100
2d
Nov
21
35
Jan
3
x26
Jan
32
.
Jan
Jun
36
Oct
23a Jan
par
13
2% Jan
4
is
Jan
45'% Jan
,
.
par
13
48% Jan
5
18%
Jan
48%
13
43'% Jan
.740%
,
par
9
163
Jan
Jan,
147.
3
3
Jan
16'/a
Jan
45%
Oct
6%
Jan
11%
Jun
Jan
8
10'/a
Jan
54'
Oct
16% July
1
Jan
69% July
8%
Jan
15'A
Apr
12
12%
Jan
18
28'% Jan
21
25
Dec
32% Mar
36
5
144%
Feb
20
3534
Jan
45
Jan
12
141%
Oct
26% Jan
17
19%
Jan
May
161
43% Jan
3
150
Dec
20
16% Jan
4
par
16% Jan
3
xl9% Jan
17
29% Jan
19
32
Jan
7
115
27% Jan
3
30
Jan
21
Jan 7 6
157
Jan
27
127%
Jan
1:173
28
•
12
15
7 Feb
154
38% Jan
4
24% Jan
,
149 V2 Jan
13
149% Jan
Oct
5
17
14% Jan
7>
3
40% Jan "
4% May
Jan
Jan
47%
7
Apr
Aug
Apr
151% Aug
29% May
11% Mar
16
Dec
12
Jan
17% July
17%
Jan
33
91
Jan
21%
3
111
100
par
156
>56% Jan
25
;.25
3
62% Jan
139
:?
Jan
7
Jan
28
28
8% Jan' 3
10
14
100
43 Vi Jan
\
26
63
143% Jan
.
.57% Jan "3"
100
22
Jan
Jan
Jun
Aug
32% Aug
42%
Jan
43 Vz
Jan
158'A July
63% July
6%
11% Jan .19
32
65% July
7
129%' Jan
146% July
Jan
7
46% Jan
24
14
.••
xll6% Jan
115
Jan.
118% Jan
7
115%
Jan
7% Jan 21
.7 7 3%
12 Va July
Jan
Jan
49%
Sep
,121 «/4 Aug
•
•
6'% Jan
3
84% Jan
10
88 Ve Jan
22
53%
Jan
par
6'% Jan
3
7% Jan
20
3%
Jan
8% July
—100
Elec
67% Jan
3
73% Jan 20
55 %
Jan
79% July
Nov
No
par
-No par
No
1
4,
Jan
3
4% Jan
11
3%
19"
47% Jan
11
42%
Jan
7V4 Apr
54% Mar
26'% Jan
5
24 Va
Nov
31%
No par
25
Jan
24
26% Jan
5
24
Jan
29%
;_12.50
20
Jan
7
20% Jan
28
16'/a
Jan
23% July
No par
114
6
111%
Jan
87a
Dec
Mining:
7
20
?
114
Jan ," 6
9% Jan
Jan
10% Jan
10
11
No
of Illinois
Cork
2'% Jan
—5
Midl'd
par
Apr
'
Mar
14%
Apr
3Va
Feb
116
No
Corp
Dry Goods
3
6% Jan
7
3
3
Jan
8
46
Jan
75
Sep
Jan
3
119 / Jan
7
49
Jan
84
Dec
12
39% Jan
17
30
Jan
40%
22
9% Jan
4
6%
Jan
10%
Jun
3
9% Jan
7
4%
Jan
10'A
Jun
Jan
7
102
89.
Jan
4
12% Jan
1
—
Jan
9% Jan
.100
preferred.—
34
8% Jan
par ;
24
37% Jan
par
44% Jan
85
—5
No
—
7
"3
74% Jan
No par
100
2% Jan
Jan
5
—5
Co._:
1% Jan
14
42
,
4
13% Jan
3
97
Jan'
90
,—100
104
92
;,
Jan
59
3
106% Jan
;/■ 52% Jan ; 3
60% Jan
22
86% Jan
24
66
30% Jan
24
24%' Nov
Line
Coast
82
;
Jan
27
37
7
25% Jan
RR——100
W I SS Lines
89% Jan
3
26
15%
Sep
Sep
Jun
Oct
Jun
97% July
Jan
94% July
13
Jan
;
29
Jan
39%
Oct
6
100
Jan
108'/a
Nov
67V8 July:'
90 Vb July
44% Jan
Jan
Jan
24
29
Jan
5
19
59% Jan
8
61
Jan
6
44
24% Jan. 14
1
110
72% Jan
19
—100
6%
Feb
20
;
47%
Jan-
6%
5
25
Jan
Jan
85% Jan
&
Apr
•
Co Inc
36'%'Jan
G
Nov
26
Corp
preferred
Atlantic
May
24% Jan
103'% Jan
Atl
9
88%
45'% Jan
25
50
No par
109%
109
*60%
400
61
61
25 Ve
25'%
*108%
109 Va
61
.
4.000
.7 5% 'non-cum. preferred———100
Atlantic Refining
———25
250
4%
11%
12 Va
11%
6,800
Atlas
54%
754%
54 3%
700
6%
58
58 %
57%
58 %
115
57%
57
57%
57%
57%
340
115,
*15%
7
*71
.
125%
Jan
preferred:
—100
Atch Topeka & Santa Fe—100
5% preferred—
———100
54%
4
Jan
5%
12%
: 3%
116%
preferred
1%
109%
4
13
—100
Assoc Investment Co—
12%
3%
Jan
12%
26
Jan
5
18% Jan
111'
Jan
10
12% Jan
15
6% Jan
•'.; 54% Jan 15
7 38
50% Jan
May
Jan
36'A
Oct
Jan
68
Oct
'
25%
73
120
s
Corp
1st
54% ~:54%
73
20
No
'
*
Constable
6%
*108%
•
*'• '•
Co
Associated
12%
73
Apr
119'% Jan
1———
Wks &
Armstrong
100
;
39
54%
73
27 Va
;
—100
Co
——
;
60
*25
1%
9%
25%
r
Jan
—25
prior preferred
preferred
9 Va
25%
7%
10Va
20 Vi
100
conv
*9%
86
86
27%
$6
*9
61
16
Feb
5
preferred——.100
Daniels
9%
39
61
16
7%
24% Jan
class B—
Armour &
12%
*7'/a
28
Mill
preferred
Copper
9%
58%
30
Andes
*8%
107
39
*38%
2Va
44
54%
7%
Co
Anchor Hock Glass
12%
16'/a
Jan
100
7 $5 prior conv preferred
Anaconda Copper Mining
Anaconda Wire & Cable
54%;
7%
17
10
Amer Zinc Lead & Smelt
12%
*16
14% Jan
4
19
—;
'
*9%
61
115
1
8% Jan
22% Jan
preferred
*38%
61
*113
Oct
No par
1st preferred—
Woolen—
54%
116
Jun
preferred
Water
12%
*113
15%
14% Jan
68
47
.:
No par
Metals
Tobacco
Sumatra
54%
■
Sep
Preferred
*12'A
58
82 Vi
No
*54 V4
57%
Nov
No par
No par
9%
*104
29 Va
*26%
109%' 109%
24
non-cum
9
;
9
104
*98
102%
*99
25%
25%
25%
84% Jan
Steel Foundries
39%
39%
9%
,V
62
*60Va
61
61
Feb
4
———100
A P W Paper
81%
80%
■«
89
*36%
*27%
7%
80 % Jan
s
—
6
Archer
7 6.700
1,700
12%
59%
Sep
9% May
17% May
4
100
5%
95%
59%
66%
Jan
11
300
5%
12%
.
Jan
Nov
Jan
400
5Va
95%
60 Va
Jan
14% Jan
/
5%
12%
60
Jan
5%
13% Jan
7
5%
107
104
10 V4
5%
97
39
4%
7%
$5 div preferred
2%
12%
88
116
43%
97
103%
*10
1014
1,800
2 Va
12%
88
*9%
*114%
116
730
•
44%
:.' 9
*104
103%
37%
5
Jun
39%
Preferred
47
*2 Va
96 Va
*36%
14
26
67
$6
2,100
24%
.
*43 %
12%
87%
•' May
5
American
1,400
2%
5%
:•
10%
95%
39
May
5
Jan
7
Am
200
71.700
6%
44%
12%
103%
70
10
Amer Type Foundries Inc..j
American Viscose Corp
13,700
7
88
2%
99
*39%
20%
*114%
94
87%
40%
Jan
Jan
3
5%
44%
45
82
116
12%
103%
Jan
Jan
6% Jan
.
3
6Ve
7 2,600
25%
*25
20%
\
94
*36%
7
_
Safety Razor
Common
:
.
24%
25%
20%
81%
V *9V4
9
107
*104
107
25%*
99
9%
*9%
\
'
12
166
conv
/
2
8
8
6 Ve Jan
22
Am
800
25
47
*41
25 %
21
5%
39%
39%
9%
9Va
*104
82 Va
100
*99
39%
9%
*9
5%
25V*
.
2%
*44%
*82
100
39%
2V4
44%
5%
5%
*99 %
*9%
*2 Va
45
82%
;
25
*20%
44%
2%
*2Va
35
53'/a
62
7% Jan
46
21
Jan
Amer Telep & Teleg Co
American
Tobacco
119%
*86
71
4%
•
47
24%
6%
89
*86
6%
70%
72%
•,
*114%
9%
9%
10%
*9%
*44%
5
25
Jan
7
1.000
'
116
19
Jan
Jan
4% Jan
16% Jan
American Sugar Refining
11.000
143%
■
10%
119%
6%
88
6%
4%
25
7
88
7
*42
25
25%
Jan
7; 61
43
68
-
46
American Stove
V1.100
29
157'
'
45%
*118
89
7
72%
4%
4%
4%
4%
*44%
73
//.
10
,
2%
'
7
*88
6%
6%
72%
73%
73
89
*86
;"/•
7
7
7%
7
15
15
Jan
30
,/
27
—
V.V/.7'
v>
Jan
Jan
4
-50
American Stores—
700
•
142
10 Va
46
*118
120
*118
■
29
156%
141
46%
46
;
30
156%
11 Va
:
46 %
46%
*61%
141%
62%
62%
141
•"29%
61%
62%
61%
62
62
*118
156%
156%
417
66
7
par
3
21
'
'
29%
156%
29%
30
*29%
156%
Apr
Jan
4% Jan
10
.7%
,1,600
V
Apr
4%
7. 36
3
Amer
1,300
v
19
36%
Jan
1
American Snuff———
,
29%
Feb
3
Jun
July
1Q
Preferred
77 6,900
26'%,
24
par
'
153
25%
18 %
15
130
500
.
Jan
3'/a Jan
par
4'/2 %
7,500
/
42'%
29 Va
*
37'%
149%
'42%
Jun
;*7i, 35
-1
American Rolling
300
360,
;
78'/a
Jan
News
American
600
;;
.
Jan
May
15 Ve Jan
Preferred
1,370
14 Ve
39
No
20
7,400
77
28
149%
43%
153
*150
25%
30
115
13%
*14 7;
*
26%
15%
115
115
114%
14%
149
*42'A
18%
;.
65%
27%
149
30
18%
30
65
'
7 714%
37
43
15 Va
*15%
15'/a
7 13%
.14%
27
149
43
'
26%
26Va'
26 Va
13%
7-;
65
28
12 % Jan
25
62 Va Jan
100
13% Jan
18.50
American Seating Co
No par ;7 -13% Jan
Amer Ship Building Co
26'% Jan
—No par
36 Ve Jan
Amer Smelting & Refg——-No par
20.700
7'7:
69'/a Jan
$6
i 9.900
,
8
Amer
7.900
165
14%
;
*14
7-
37%
149
43 //
153
13
*160
.
'
36%
148
v
"150
153
*150
■■■"'
37%
.
Jan
preferred—-
American
V 5,300
2%
45 %
13%
30
2% 7 2%
46 Va
2%
59
Power & Light
—No
preferred—
No
$5 preferred
No
Am Rad & Stand San'y—.—No
310
42%
par
9
—No par
preferred
6%
33%
46%
66
"18%
33%
26
—100
Amer Metals Co Ltd
.7- 400
:
'
2%
13%
*15%
119
87%
Jan
.——100
Fdy Co——-No par
&
;
Jan
7
—No par
Corp—
&
Mach
41
14%
152%
Mach
Amer
45%
65 %
25%
Amer
47%
13% „/
*150
2.800
77 2,300
42%
14%
43
,7/7%
46%
65%
37%,
7
7% 2.300
41%
13%
*148%
*118
33%
*33
,
14%
27%
119
*117%
84 %
./
46'%
28
1
Locomotive
15.100
14%
1%
28
par
preferred
conv
American
15%
84
25
18% Jan
American Invest Co of 111—
'
500
5%
83%
14%
Internat
Amer
/; 2.100
15%
5'% Jan
78% Jan
50
preferred
6%non-cum
200
,5
4
10
——No
Ice
Jun
10
preferred
conv
American
9,200
Dec
Apr
Jan
Leather—
&
4%
15% Jan
par
American Home Products
700
■
47
*46
15%
V
6%
.7
7
6%
15%
65%
*14%
*
47a
42
9%
,
42
American Hide
4% Jan
54%
—10
American Hawaiian SS Co
700
7; 5.700
;
66 34
46%
9%
163%
*40
preferred™
$7 2d preferred A
$6 preferred
2% Jan
68
-No
—No
-No
No
$7
»Jan
53% Jan
•
par
Amer & Foreign. Power.
■
23
Export Lines Inc„1
American
2,500
7;; V"
^7-i'j.Ui-—-^----20. .7
if Stamped
40,200
3%
*66
■
t."
...•
9,500
Vi
41%
•
.
78% 1
2%
46%'
'
,
41%
*46
84
33%
9%'
'
83%
33
46 Va
42
*6 % 7
47
84 %
2%
2%
*40
15%
32%
41%
35 %
15%
120
46
Jan
4
15%
*119%
11
21,400
5 Va
75%
8
*119% 120
32%
32%
Dec
5%
514
62
*118 %
128
1
29'A May
7%
120
Jan
Nov
*6Va
*118%
15%
22'%
69
9%
3
6
*60%
14%
Jun
115% Jan
19
11% May
Jan
6%
23%
Feb
104%
26
7%
9%
18%
Jan
26
61%
14%
Dec
97%
"v 1,400
7%
23%
Jan
/ 13%
18
104
23 %
61 %
*9%
101% Jan
6%
7
Jan
15% Jan
6
23%
7%
14%
Jan
112% May
24
66%
6%
*22%
3
102
116% July
Feb
10
65%
7%
23%
23 Va •/.
21
5
,7 14'% Jan
Apr
Nov
96'
Jan
65 Va
6%
*9%
14%
'
9%
*9%
*22%
12% Jan
7 / 10'% Jan
..—10
—10
preferred—
:
100
Distilling..Co.———.20
107
Jan
18%
6%
*22%
14%
*14%
6
Dec
17%
7%
83%
8
Jun
July
1%
61 Va
84%
14%
9%
Jan
112% Jan
Jan
80
6%
*60%
83%
110
17
24%
421/2
4%
83 %
*83%
20
109
™__No par
45%
7
35%
*46
7
26
26
4%
•
23% Jan
Jan
108'% Jan
preferred-—-———100
23
Jan
% Nov
18'% Jan
59
Jan
67 Vi
47
/
Inc™—No pari
24'%
20
10
4%
•
185% July
168
5
Jan
5
67%
15-%
Nov
36'% Jan
7 73
19
4%
*46
22
4
19
17%
;
42
16
175% Jan
5
3
Aug
8Va Jan
18
7%
-47
9% May
91% July
2% Jan
67%
15%
Jan
48% Jan
4%
15 %
15%
71'/a
Amer. European. Sees——No par
75
*6%
-..
24
.-American, Encaustic j Thing—i-^-1
66%
7%
6%
;
86 V4 Jan
200
4%
61
3
800
2.000
;
2%
67 Va
61:
83% Jan
43% July
134
10 Va
4%
61
Jan
51%
66
*40
42%
Jan
3%
2%
*9%
74%
3% ~<i
'
Jan
127%
50%
67%
4%
59 %
7%
6%
*6%
*40
42%
4%
4
3%
.
67
67
4%
35 Ve
4%
*40%
■
68
.
,
27%
4
25
2%
5%
74%
17%
61
.
28
132
10%
5%
73%
17%
35
' ;
4%
5 Ve
70%
16%
59%
*40%
5%
Apr
Jan
1st
Ame-
14,000
9%
10% Jan
68% Jan
Ca.
Jan
3
34 V8 Jan
American. Crystal Sugar
4%
21
170% Jan
American Colortype
47
8'% Jan
par
Fdy__——No
Cable
&
17
128'% Jan
; :
preferred—;_™100
&
27
39% Jan
7 37'% Jan, 14
Jan
15% Jan
50 %
*23%
69%
59
*66
5
5
4%
,
111
62
3
100
Car
conv
6%
14
25
l
American Chicle—;
600
i.eoo
Jan
7% Jan
60
8%
*2%
10
./
/I-
5%
5
—1
:
non-ciim
Chain
10
18'% Jan
*9%
10
4%
7
104
107
Am
>7;;:. 370
15%
-7%'
•
61% Jan
28
No par100
Preferred
American
■}
90
12
Can.
28
17 Va Jan
50
-1
Corp—„—
Cable & Radio Corp
American
2,300
•//,••
110
*102
49%
,
111%
12
107%
2%
*9
16%
7.
*15 Va
.
104
105%
49 Va
10
69
163
111
15
50 %
86
110
111%
*9%
16%
*46
108%
111%
12
106%
2%
*2%
108 V4
111%
15
50'A
51
51
!
:
86
175 V4
11%
104%
'105%
101
•;
175
110
110%
15
104
*108%
112
12
15
*102
68%
Amer
6,700
72%
24%
4%
200
35 %
175% 7
.
preferred-.
Bosch
58'% Jan
—
^m Brake Shoe Co™_.
5'% % conv preferred-
27,200
70%
2%
*35%
86V4
6%
American
•1.300
V
7 9%
34%
175 '
10
4%
39%
129
9%
72%
12
51
*9
7;/:
35%
15
106%
*23%
85%
■
72%
-
*2%
86
39%
129
9%
35%
112
104
51
39
129
9%
73
-
103
39
129
9%
30
17,400
35%
12%
*102
86
175
175
175
*103%
15 %
15
38 Va
129
•.7.V.9 %
85%
7":
13 Va
23 %
112
*11%
38%
129
10 Va
63
12%
7 s 1,600
77 i; 400
;
110
4
112
V
38
129
9%
*62 %
72%
23 %
*108*
12 Va
35%
72%
23%
38
86 %
175
35%
72%
13%.;
129
37%
'
*61%
62
12 Ve
.
10
86
175%
35%
a
129
9%
85%
175
13 3
37%
10
85%
.
*123%
128%. 128%.
*61 'A
61
13%
lO
-10
Luc
Note
Sep
22
21
Jan
83% Jan
par
Chemical_No par
AirUnea
17%
Dec
43% July
'
59%
Sep
97
;; 26 V8 Jan
115
16%
*15%
7%
*7%
115
V4
*114
16
*15V4
115
7
115
*114
♦15%
16
71%
71,4
7 Vis
73
7 72%
74%
72 Va
3%
4
3%
3%
19%
73
3%
"57%
20
;
19%
19%
11%
10%
*70
4
7%
12
30
100
16
77 a
1,700
'
73
270
preferred—
——i.w-50
conv.
preferred——
Atlas Tack Corp—
Austin
Nichols—.
$5 prior. A—;—
of Del
par
3%
13,500
Aviation Corp
20%
16,000
3
4
116
15% Jan ,10
,16
6%
14.300
Baltimore & Ohio——
11 Va
9,200
10 V8
1,300
106
28% May
■113 Vi Sep
Mar,:
24
52
Jan
13
113 :
13% May
.
57
•
Sep
68% July
Jan
Jan
58'% Jan
Jan
3
8'% Jan
7
7 7%
2%
75% Jan
4
28 Va
Jan
3
4'/a Jan
5
20% Jan
5
10% Jan
Jun
16
Dec
3% Nov
19%. Jan 13
123
Jan
25
70% Jan 19
y
7
,.
Jan
3% Jan
Baldwin. Loco Works v t c~~~<—--13
Va
•
Jan
—No par
(The)
—3
3%
25
114 7 Jan
-.No par
10%
,
56
—100
——No
Jan
11%; Jan V 3
53%'Janf. 7
/
—-No par
19%
.
109
.
Corp—————5 ;
Atlas Powder——
5%
-100
pref series A
conv
-
Jan
"•
A
;
9% Aug
85'A Aug
6%
Apr
B
....
20 VB
20
7'A
7
-
10
10 Ve
*62
; '
62%
12
*12
12%
*43
44
19%
7
11%
9%
*9%
9%
7%
*12
6%
11%
11
9%
62%
•
v
20%
62
26%
*62
2$ Va
26
25%
7%
7
11%
12
11%
20 Va
19%
25%
25%
12%
12%
6%
7
9%
9%
9%
62%
62
62%
62%
24%
12%
12%
12%
•
9%
65
.
*
25
12 Va
12%
12%
12'%
43
43
44%
43
43
*42 Va
44V2
Ve
16%
17
16%
16%
16%
16%
16%
16%
15%
15%
15%
16
15%
15%
15%
15%
15%
27%
*27
34%
34%
108 Va
9'A
27%
34%
*34
108%
34%
*107
9%
9%
*9%
*32%
33%
*113%
117
•*113%
33%
*114
11
-11
117
27 Va
34%
108
32
9'A
32
.
27%
27%
♦107
9%
34
117
27%
34
27%
34
107%
*107
9%
9%
33%
33%
*113
117
*27,
15%
27%
3%
Jan
6
Jan
5%
——No par
preferred——————-50
Barker Brothers—
15%
157/8
2,400
Bath Iron
27
27
33%
*32
*107
400
33 3%
107%
107'%
9%
34
*32%
*113
117
*113%
117
*10%
11
11
%
11%
10%
10%
10%
10%
13%
13 Va
13
13%
12%
12%
13
34%
35
34%
35
34%
34%
34%
34%
33%
34%
33%
Va"
Oil
Co..
Works
Bayuk Cigars
Creek
Inc
Beech-Nut
.
600
RR
Packing Co
Belding-Hemingway-.
13'%
2,700
Bell
34%
4,600
Behdix
Aircraft
Corp
Aviation.
——
—
10% Jan
18
4
65
Jan
10
12
Jan
4
Apr
Jan
12%
Apr
34% Jan
63'A
Dec
28'A July
5
12
Feb
"5% Jan
Jan
27
26% Jan
24
12%
Jan
,
15%
Jan
24
45
Jan
4
30
Jan
47
13
17% Jan
6
12 Va
Jan
19 Vi
15'% Jan
3
Jan
5
13% Jan
No par
—25
$4.25 preferred—.
—No par
Beech Aircraft Corp————1
Beech
3
,
24
Apr
16% Jan
Beatrice
70
9% Jan
60 •■/ Jan
Dec
10
—1
Corp—
Creamery
■
20%
,14%
—5
—
1,555
34
11%
7 5% %
1,000
9'%
*32
13%
18
18
Barnsdall
13%
463.
"7% Jan
12% Jan
50
*32
91%
3
3
5,100
*107
9%
5% Jan
9% Jan
16%
11%
page
400
•r
7
44'/a
13%
footnotes see
3,100
100
preferred—
100
Bangor & Aroostook————50
/.Conv 5% preferred
—-100
Barber Asphalt Corp
—10
4%
16%
*43
13'A
For
170
65
24%
17
*107
10 Va
*63 Va
25
16%
*43
6
24%
24%
.
6%
11
-—50
43
26
,
Jan
7
16
27% Jan
IB
34% Jan
17
Jan
4
23 Va
Jan
24% Jan
31% Jan
7
106 Va Jan
12
'9% Jan
22
11% Jan
3
Jan
11
34
Jan
25
25% Jan
21
116
Jan
11
93
31
107
105 Va
7%'
Dec
Nov
Jan
Sep
Sep
July
20% Mar
x29
May
33% July
xllO
Sep
14% Sep
33% July
20
114% Jan
No par
————1
10 Va Jan
3
11% Jan 24
9!a
Dec
11 Va Jan
4
15% Jan
11
9 Va
Nov
Aug
11% July
20% Mar
—5
33% Jan
13
35% Jan
5
Nov
39%
33
114
Apr
Volume
Number 4251
159
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
Saturday
1"i
17%
*54
X
57
59
59
.
*116
;
.
39
'18
llC/a
95%
13%
58,
57%,-• 57%
116% 116%
38% : 38%
17%
17%
17% V
,»•%' '8%x/'8:%<. v
17%,:..
17%
8%
1.6% €
*16%
15%:..
*14%
16%
16%
15%
*14%
97
*92
100 X'X
'■■■=' 14 X
141/8
*45%
46%
93%
93%
*92
48%
48%
*48
34 v
.
14
.
34
45%
49
/,X
•
*92-
:
33%
33%,
93%
29%
29%
29%
29 % V
29%
29%
29%
35%
35%
36% '
35%
36%
35%
A 3%
3%
34
36%. 7 j;
39
13%
38%
3%
39
3%
39
39
13%
13%
13%
42
*40%
*3%
41%
9%
9%
9%
27%
27%
.27%
13
41%
9%
27%
39
27%
v., 13%-
42%
9%
9%
9%
27%
27%
27%
;
9% X'
27%
14
,v7;. 9%
27
v.
24
56% Jan
37% Jan
15
20
56% Jan
115% Jan
Feb
57
Nov
Jan
38
July
16% Jan 28
3
Co
No
Bliss & Laughlin Inc
7^A
8%
Jan
17
Jun
110%
Nov
Jan
27%
Jan
40
16
Jan
19% Mar
11% Jun
—5 V'
16
3
Jan
3
4
8% Jan
15
Jan
4
17
14% Jan
4
16% Jan
7
94% Jan
6
95% Jan
21.
13% Jan
18
14% Jan
5
45
Bohn
600.
Bon
Aluminum
Ami Co
Class
Bond
Co—
Airplane
&
Brass
5
class A.—1
No
Stores
6,400
Borden
Inc
Borg-Warner
Co
9 %•
27%
200
4,100
3,600
Jun
100
July
21% Mar
11% Nov
Jan
26
48
4l%
Jan
56% May
11
93% Jan 24
85
Nov
4
49
Jan
38 %
Jan
96 % July
51
July
33% Jari
26
35
Jan
Jan
35
11
Jan
12
17
28% Jail
3
29% Jan
i—5
34% Jan
3
3% Jan
3
No
39',
17
36% Jan 20
Briggs & Stratton—
12,500.
19% July
19
Jan
46% Jan
(assented)>.100
Bower Roller Bearing Co—
5
Braniff Airways Iricx—'———2.50
Brewing Corp. of America.
15
Bridgeport Brass Co—.
No par
Briggs Manufacturing
No par
-7- 700'
X-X:.
Jan
9%' Jan
76
91% Jan
■
Boston & Maine RR
300
13%
Dec
par
....15
—.^—
Corp
Jan
par ;
—1
——
(The)
28
69% Apr
121% July
"
5
B__.A——NO
Jan
,
6Vb
Boeing
10
6,800
..
54
Bloomingdale Brothers—
No par
Blumenthal & Co preferred—.100
20
Sep
54%
59% Jan 28
118
Jan 28
4
.—100
—
17%
22%
,
18Vv Jan 17
■
Highest
t per share
13% Mar
24
28 '
15% Jan
39% Jan
730
>' ■
7'7
56% Jan
<.Del)_—No par
preferred—
11
16% Jan
5,200
v
'
42%
*40%
18% Jan
23% Jan
7—*1
————
4
37% Jan 28
j,';v7v7 700
39:7'
13%
•
41%-
27%.
-
7x
1%
:,'v .: 30
3%
7*38%
13%
41%
Foods
Jan
t per share
share
par
77
29%
'■
•
13%
*40%
9%;
x': 9%.
39
13
13%42% X
*40%
"3%.*.
7
36 "A
3%
3%'. x
*38% V 39
•ru'7
■
X34
;
29%
17
par
t per
par
-7
36%
•
—.No
9 per share
par
.
,
'
29%
35%
*3%
Loan
par
Blaw-Knox
-
46
<X93%
*48%: 49 ;
>
33%:.;"
33%
Indus
Bethlehem Steel
77--7 200
7*92
,x
7-.
Btgeiow-Sanf Carp Inc
No
Black & Decker Mfg Co—.-No
:/'T;:
14%'.„
•
*45%
•
■
35%
*37%
;
14%
v/ 49
*48
x
,
7
17
.
Lowest
1,100
900
v'7
8'A"
,
Year 1943
Highest
2,300
-v
7.714 %,. 15%
'7 *92
100 ■;-7'
:
7
45%
92
8%
.17
15 Va 7
100 '77
13%.::
92
Best
1,100
38%,
Lowest
Pr pfd $2.50 div series '38_No par
.Best & Xo—-..Nri par
11,900
r
.
118
:*17%.'';,17%:''
*•>-.;
17%.;
-
.
13%
*48:.
34
*92
45%
■/'45'?!:c
93% ?
*33%
*16%
*14 '%
,
.29%
•' 3% '.
200
8,800
;.V 59%
37%
Range since January 1
a:xx.
.
Beneficial
1,000
.
■
'
14%
A 14
49
■
'7
15%
./
r
116%
:
.
100
*92
45% ''
45%
,
:•
8%
.17
14% /
x ;
59
58%
38%
29%
,
■■'7
.
16%
Range for Previous
STOCK
,v7';v exchange;
•
1,300
34%
16%
35%
*3%
57
33%
.
116%
.x8%A>,
341%
*34
*55%
-
NEW YORK
,
Shares
18%'
..18%
,16%
38%
17%
;.
49
*92%
.-■'V.48%
35
the Week
$ per share
/57 '
.
,15%
116%
.,8%
17%
A 8%
45%
,
*56
*34
Sales for
Jan.28
7;:"
18 -V
.
"V57%
58% A,
,
93%
45%
16
39
*92,
14
35%
15%
v'
117
*14%
95%
18
57%
35%
16%
*38%
,
8%
°16
...15%:; 15%
*55%
Friday
7
per share:;
18%
18 %
*116%
39
•17%
8%
1r 16%
t per share
36%
16%
58%
/
39
.18
8%
*16
;
16%
.
58%
"116
:
Jan. 27
x
'
.16%
117
39
V
Jan. 26
.
57% v
*55%
,36%:
36% t
STOCKS
Thursdays; 7
Wednesday
■;/
is.
18
56%
%
v
:;Vx
V;'$ per share/ }
18%
56%
x36
16%
:
'X
,
Jan.25
•
S ner share
18%
-36%.. 36%
16'A
Tuesday
.
Jan. 24 v-X
(
$ per share
17%
Monday-
;
Jan. 22
RECORD
HIGH SALE PRICES
AND
453
3% Jan
22%
Jan
30
Oct
26%
Jan
39
July
2%
,
Jan
141
37% Jan
7
12% Jan
3
14% Jan
5
41% Jan 2;4
8% Jan
4
27
Jan 28
41% Jan
24
9% Jan
12
28% Jan
40% Jan
39
Jan
Dec
'
117
6
28%
,
6%
38%
14%
20
NOV
45
Jan
V, 11% Nov
Apr
Dec
Nov
Jan
8%
Nov
12%
Apr
4
20%
Jan
30%
8
33
Jan
44
Jun
'
"39
■40%
*44
44%
15%
15%
18%
117%
53
18%
18%
*18
9%
118%
7Vs
9,
119
fr
109
53%
55.
?
8
7%
*17%
18
*17%
17%
*19
19%
19%
19%
33%
■'■/v
33%
33%
X
*108%
12%
12%
4Va
4 Va
7%
17%
19%
*33%
*3% /
28
27%
par
No
par
18 Va:
400
Bruns-Balke-Collender
9
9
118%
90
7%
7%
7%
28,500
Budd
111%
112'A
440
55%
56%
3,980
3%
■4.
17%
17%
*17%
18%
18%
18%
33%
33%
27%
28
*108%
111
111
14%
;•
22%
22 Va
22%
x
18
Bucyrus-Erie
6,000
25%
25%:
77a
■
17%
•
55
19
34
28
28'A
*108%
111
*108%
ill
12%
13
12%
4
46%
24%
24 %
.36%
9V8
3Va"
33%
44%
*35
X
XX
3%
'■■•"V
3%
3 %
3
.
•
73
:
22% V
22
22%
25%
25%
55%
*54
% :
.
,
•
/X1'
4%
:
17
7%
*54
Co
3%
:
:
45'%..:
:■
7%
'
5,500
370
*21%
22
x25%'
25%
*53%
55 "A
:
7,'B":
55
99
118 Vt
".'., r
6%
6%
V
/
6%
167a
17 XX V,.:
16%
23%:
23%
*35%
37 'A
X.
38
9%
8%
f
*43%
45 Vz
*36
,
87a
45%
*43%
4%
35 %
150
*146'%
46
Vx
39 v»
40
'/a
'24
■
'..
X
37%
9 ■•x.
17
124%
:
17%
19%
11%
23%
11%
23%
8Va
8'A
*115
z
33 Vb
33 %
5%
5%
33
,
*107%
61%
3
107'A Jan
11
108
12 Va Jan
3
13
Terminal..
1
/■':
•
:
61%
60%
27%
•
17%
17%
19% Xx"XX* 20
17%;
17%
20
19%
3
2%
*18
27%
110%
110%
46% K
:
26%
*110%
30
46 'A
*28'A
46%
•l-'x-.i 7
,'14%
46
7
120
".
17'A
26%
18 3A
25%
7
14
5%
x
•'
46'A
16%
*107
.
36%
'
:
45 3A
Packing
preferred
6%
28
.
16'%
13'A
*5'A
5%
203/4
20'A
■20% '
16%
16%'
16%
16%
16%
17,
7
•
•
X
*39
*51
*14
14%
16%
*15%
16'A
*15%
16'A
1%
.1 %
*1%
1%
*26%
1%.'
."
28
80% •/
16%
*105'A
;
*26%
105'%
GO
6%
•28
78%
36%
82
114
114
*142
;
105'A
*59
36%
*36%
.*142
,*106
85
*76
114%
.108
114%
X
41'A
41'A
X
*106
-
107
•'
1
*92
93%
*92
93%
*52%
55
*52%
55
36%
148
115%
*143
115
36%
35%
36%
36%
148
115
,
:•
*143
-
?63.%
64 %
*63%
24%
x25%
24%
107
*106%
X24%
111
(J I)
3% Jan
3
3
phr
Jari
27
12% Jan
4
15 Va Jan 24
67% Jan
■
3
77
21 Va Jari
24% Jan
4
2%
Jan
May
Oct
Nov
9 Vb
5% Apr
18% July
Nov
83%
Apr
16
18
Jan
65%
/
6
22% Jan
'•••'■
Jan
series
3
26
Jan
20
55
% Jan
4
6% Jan
3
15 JA Jan
3
54
;
class
,
Jan
25 Ve
May
i
123% Jan
100
113
Jart
2
11
Jan
3
Jan
19% Jan
3
7—1—20
17/
No par
*
■
115
NO par
40
Jan
11
X85
Jan
.
4% Jan
25%
'
Jan
Jan
Jan
5%
Dec
39%
127%
Jan
40
Jan
14
Jan
25
Jan
!
108
119/
Jan
128%
96%; Feb
8% Jan
.3
Jan*15
16 V2
16%
Nov
Jan
1%
23%
Jan
97%
Jan
Sep
Jun
3% Mar
111
3
Jan
18%
8
13.
Jan
25
24
3 '
Jan
4
98
8'A
Aug'
Jun
Dec
Nov
Mar
115
Sep
Jan
41
Apr
4
X33
25
3
Jan
Jan
25
,32%
Jan
61%
Jun
July
4
6% Jan
..7
Dec
120% Sep
14% Apr
21
July
Jan
37% Jan '
'
Jan
Jan .22
Apr
Dec
54% July
40%
%
Jan
115
3
147
Nov
95
8V4
4
31 % May
3%
26 %k Jan
25% Jan,
,
9% Apr
46'A July
Va JDec
97
32%
-
28
,
V 57 Va Jar) 17
v
4%
24
,108V2
12,
Jan 26
Jar)
28
Jan
17 Va Jan 11
/ -20% Jan 10
'
3Va Jan 21
3
31Va Jari 26
_<—1
—100
12
Apr
11% May
47% July
Jan
11
Jan
,125%
120Va
,.12
'7'A Jan 15
.—..100
6% prior preferred
1,530
23.
•
36 %
V Jan
46
46% Jan 28
5
Cerro de Pasco Copper
Products
17
40 Ve Jan
106'/a Jan
4
Certain-teed
7,300
9% Jan
147
4
Jan
—
Mar
30'% Jan 20
12
Jan
Century Ribbon Mills——No par
Preferred
Dec
38
29% ,Jan
6% Feb
100% Jan
5
44% Jan
.
Central Violeta Sugar Co.
-
127 V'4
5
±.No par
—
19%
Jan
20
100
...
Nov
13%
4 % Jan
Jan
Apr
X13%
;V 38% Jan
146
Mar
5
8
•
6
36
preferred——7;
9 %
4
Jan
104
prior preferred
Dec
34% Jan 26
No par
\
preferred
1% Mar
6 Va
45% Jan'19
4
4
56
Jan
347/«jJan 12
4
4
Jan
Jun
%
26
v«
28% Jan
1
-.100
2d
3
97
100
No par
100
'
43'AJan
——25
prior
7
43'A Jan
30% July
52%
17 Va Jan
A 7% Jan 14
10
22% Jan
24
26 Ve Jan
;
.
8% Jan
par
8
Jan
?
6% Jan1. 5
,33% Jan
A—1
Ry
A
Jan
% Jan 11
23% Jan 28
—5
Co new
*108
-
27%
111
*108
16%
16%'
16%
14
14
14%
*13%
14%
:
13%
13%
*26%
27
!
26%
27
*13%
27
*26%
14%
footnotes
26%
see
14%
63/4
7
363A
152
14%
*13%
;
463.
*
2,000'
17%
*39
!
17 Va
39'/a
54
120
*14
143/4
300'
Chicago Yellow Cab
300
Chickasha
85
'■
x
*40
60
107
107
"
*75
,
7%
Jun
72%
Oct
37
107
*106
*92
55
*52%
35%-
35%
36 Yt
36
108%
;
J. 55,
i
35%
36
148
148
*144
114 %
,148 " '
114
114%
*113%
:
64%
64%
28
24%
111
107
■
27%
>108
25
107%
27%
24%
107%
27%
24%
27%
111
*108
111
16%
15%
16
16
16
14
12%
13%
13
13
13
.73%
14%
*14
14%
*13%
14%
13
26%
26%
26%
26%
26%
26%
26%
26%
26%
*25
320
6,600
2,100
111
16%
*13%
26%
10
700
200
14%
14.%
3*200
1107%
107%
14%
26%;
25
.2,700
27% V 27%
'
*108
-
115
64% I: 65%
25
107%
& St.
preferred
*13%
16 %
>
■v
13
14%
—'
1.900
510
160
13 3A
140
| 27
I 26%
3,200
400
Special gtd 4%
Preferred
46% Jan 24
33%
Jan
50
July
3
7% Jan 18
.7 ,14% Jan 18
Jan 20
6
Jan
9 Va May
7%
Jan
17 Va May
3
2V8
Jan
21% Jan 25
10%
3
38% Jan • 7
47
Jan
6
51
13
Jan
4
14%
16
1% Jan
104
Jan
2%
21%
16%
Dec
Va
Jan
22
Apr
21
36%
Nov
41% May
26
48
Dec
54
11%
Jan
24
15
40V8 Jan
Jan
Jan
22
Jan
20
Jan
24
Jan
5
1%
28
.13% .Jan
1
Dec
24% ,Jan
67% Jan
5
82'A Jan
16% Jan 26
12
„_1,0% Jan
106Va Jan
*
18
96% Jan
4
27
Feb
57'A Jan 19
6% Jan 12
65
Jan
7
J an
5
2%
Jan
par
35'A Jan 28
36% Jan
25
32 V8
Nov
Jan
7
148
;
—100
No par
(The)..—1
76
Jan
6
Jari
6
107
Jan
27
92% Jan
10
53;
No pat
Jan
3
67
Mar
Feb
May
15%
Apr
18
Jun
3% May
32%
Apr
85% Julv
15% Aug
Sep
106
63%
Dec
8%
Jun
39 % July
145
Dec
74%
Jun
Jan
3
41% Jan
25
109% Jan
28% Jan
116% Aug
42 % Dec
12
101%
115%
Jan
108 %
Dec
92 % Jari 10
84
Jan
92 Va
Sep
21
50
Feb
54
Sep
109
53
Jan 21
Jan
Jan
36% Jan 15
33% Nov
3
34% Jan
3
37
Jan
25
Jan
40
Jan 27
148
Jan
27
142
May
153
Sep
115
Jan
6
88
Jan
123
July
65 % Jan
28
61
Dec
148
113% Jan
■
3
62'A Jan 11
33%
48% Mar
July
68%
Oct
25
Dec
23 % Jan
No par
6
25
Jan
25
16%
Jan
106 Va Jan
Colgate-Palmolive-Peet—*—No par
*
$4.25 preferred——
No par
4
108
Jan
12
Xl03%
Dec
29
17 Va
Jan
109% July
28% July
Jan
114%
27
Jan
3
111, Jan 20
15% Jan 17
100
Colo Fuel & Iron Corp
No par
$Colorado & Southern
1——100
4% non-cum 1st preferred—lOO
4% non-cum 2nd preferred—100
11% Jan
12,% Jan
,
.
Jan
4
4
25% Jari
4'
11
Jan
7
14% Jan
6
2%
Jan
15% Jan
,
17
Jan
17 '
4
13
Jan
114.
.
3
26% Jan
2.50
2.50
76
123-
Jun
34% Jan
No par
.100
Columbia Br'd Sys Inc cl -A
148
3
Jan
40
50
Collins & Aikman—
5%
conv preferred
-7
114
100
gtd——50
No par
—No par
Jan
7'A May
Jan
6
•,
July
Jan
7
17% Jan
3
26% Jan
4
78 % Jan 27
14% Jan
5
Jan
Jan
18%
lS'AJan 14
,7
Jan
100
-5
;
(The)
3
16V8 Jan
10
stock
Class A
class B
6
No par
No par
Climax Molybdenum
Cluett Peabody & Co
Coca-Cola Co
July
No par
No par
Louis Ry. Co.——100
5% preferred
Clev & Pitts RR Co 7%
100
••
148
64%
•
i 93%
>114%
64%
5%
C.
Dec
/ 34
4
No
Clev Graph Bronze Co
Ill4%
*143
,
C.
109
18
:
Clev El Ilium $4.50 pfd
93%
36
C.
152
24
Jan
Jan
Jan
100
110
*52%
36%
600
400
Jan
8%
32
•
16% Jan
25
V._
*92
36%
7
36%
18
5
No par
500
55
35%
v
•
18
99%
4% Jan
No par
j 85
*113
-
93%
35%
150
330
21
44% Jan
5% Jan
11% Jart
"
19% Apr
24
4
27%
110%
4
par
16% Nov
Jan"14
Jari'
50
Oil
*40% V 41
114%
41
2,600
106
Cotton
Chile Copper Co
Chrysler Corp
City Ice & Fuel
6%% preferred
City Investing Co
City Stores
Clark Equipment
7,300
3
A18% Jan "13
....5
Chicago Mail Order Co..*
Chicago Pneumat Tool
$3 conv preferred
' Pr pf ($2.50) cum div.
tChilds Co
...
'
16%
*6% y
*142
.
1,000
28
79
7
| 60
*36%
85
....
•.
v
i
*104% ;
152
*75
16
'
Jan
27% Jan
50
No
i
Chicago Great West RR Co
5% preferred
3,100
;
15%, 15'%
Xxx 1%! X' 1%
6"%
*113%
,
114%
26%
,
9,600
16%
A
11
23
108
—25
Chic & East 111 RR Co
Class
Jari
40
21'/a
36%
,41'A
4,900
Chesapeake & Ohio Ry
16%
78%
36%
114%
8,400
20%
.
18
Checker
6,100
•
V
Champion Pap & Fib Co—No par 7
6% preferred
—100
Cab Mfg
5
-
30,7.
.300
46 %
.....No par
5,200
59
142
2,800
31
*26%
*6%
.
41
35%
26%
26%
page
-
16
'
59
Chain Belt Co
200
6%
*52%
*106% 107
24%
14%
For
29%
i—1 ;V
i,
Ohio
5%
*92
35%
64%
24% '25
107
14
•;
*64
,
24%
.
Jan
Central
5,100
'
148
114%
64%«
24%
16%
20%
No
Co
13%
79
16% "16%
104 % 105
114
-
*106
*
■
60
6%
-X
152
*77
;
41%
*40%.
36%
.14
&
Steel
5%
28
78%
163/a
104%
6%
*26%
79%
16%
.
X
60
*6%
37
*75
36%
*108
Clinch
; XX 13%
54
14%
16 Va
105'A
!
35%
24%
7
5
!
6%
.,
39%
51
14 3A
'
36%
107
28% Jan
Cons Copper.—5
*51
403A
51
14%
79'%
60
35%
*115
20
—No par
—50
7%
10
26
45%
13 Va
5%
5%
1
155
55
*143
28'A Jan
——No
V Celotex Corp
5% preferred
900
112
*29
63A
13%
13%
;.; '
'
93%
*52
10% July
—100
Zinc-Lead
7 %
x
1,700
60 3A
*110%;
46'A
50%
vl%
80%
j.*142
:
.41% :
*92%
5%
2,500'
19
25%
X
293/4
*15%
„•
1%
*36%
109
49
Jan
No par
Caterpillar Tractor
Celanese Corp of Amer
880
120
*18%'
25%
20%
•
V
5%
41%
50 V4
•
16
*6'A
82
Jan
5'A
—30
conv
Preferred
3,700
8
60
x
110%
*29
29'A
45%
X
25%
110%
26 'A
112
29'A
*39'%
14%
60
114% ;
23%
*115
60%
*14.
50%
•
105'A
6 %
*40%
10%
*7'A
•
60%
-17%
16
60
*114
115
18%
*110%
30
46%
*39
80%
'
105
*75
9%
7'/a
19'A
163/4
*26'%
X
•;
21%
"
80*
';XX; 23%
23
61%
17%
;■ xv 1%
16
T55
7
14
Foundry Co
__i—1
2% Jan 13
Central 111 Lt 4V2V0 preferred_.100 V.107 % Jan 28
tCent RR of New Jersey..
..100
9
Jan
4
6
17 Va
41
16 x
•
80%
36%
75
Jan
9% Jan
107%-,
•107%
60
■■■
112V
6%
•
17% ..17%
14%
*142
Jan
3
Central Aguirre Assoc
32
17'A
*50%
6%
6% May
4
1.500
5%
21%
14%
60
Jan
Jan
4,300:
31%
16%
50%
104%
2%
41'
8% Jan
2%.
5%
21
14%
28
17%/
20 v4:
2%'
10'A
Case
370"
11%"
31%
17'A
*50%
16
119%
11'A
5%
'
80%
4
10
V
Carriers & General Corp
7,200
340
31%
21%
*39
*26%
4% Jan
50
Carpenter
2,100
124
6'/a
17'A
•
41%
.16%
Jun
105
60% Jan 11
160
31%
5%
*39
*1% *: 1%
Oct
15%
44
20
X
106%
5%
207/8
2lVs
*16
109%
Jan
3
Carolina
370
119
xr
108
*18
'
17'A
Jun
May
91/4
6
Mills
124
'
2%
7%
115
5%
17
Apr
35% July
31%
13
Jan
Administration
106
31%
19'A
13%
14
13%
6
17%
: 23
7%
'
30
21
9%
10%
23
XX
.
Jan
Jan
'
i
19%
26%
;
.
7 Va
107%
1083/8
7%
61%
24%
20%
•
27
Jan
$3 preferred A
2,300
46,'A / 46'A
X/X 38 Va- 38%
-
38
11%
'
..."
46
K, 147
119'A
10%
V
.
Apr
18% July
29 %
"
*18 '
30%
6%
147
150
11%
?115
6 '/a ' :
Jan
Nov
Jan
4
Capital
700
119'A
23
-
10%
14'A
Jan
,
54
—
Nov
16
.
3
.1
Cannon
8,200
11%
*2%
:kS!,
32%
5%
29 lA Jan
6%
.
33% Jan 24
10
4%"
120'A
IVA
19%
120
31%
5%,.
61'A
;
i9%$;
5%
15
25
700
.„
35'%-
X 125
8 ;-;x/;
*115
r
•.
Xv'1' *4%
124
108%
11%
8 '
33%
5%.
110% 110'A
14
8'A Jan
27% Jan
Campbell W & C Fdy
—No par
Canada Dry Ginger Ale._r
5
panada Southern Ry CoJ.
100
' Canadian Pacific Ry
—25
11,200
35'/a
•.
124%
*17
:
XX
24
*23%
30
43%.
35%
106
.
108'A
11 Va
?:
f
120
•
3
37%
99'%
106
■
'
X
54'A Aug
3
32% Jari
200
30
120
20 Vb
2%
45%
38%
99'A
30% X/
106
*105%
.
19%
'
*11
'
8
120
46 VB
Nov
par
Watch
Calumet & Hecla
1,300
7%45
124
XX
11%
17%: x
*i7v8
3'/a
3
108% '
11%
24
120'%
'
1-108%
108%
124% ix
120
12
124%
146%
453/4
37%
4%
34%
150
45%
,
106
120
19%
x
3%.
39%
106
X
-
X
*7% :
45
99
*29%
4%
*146%
X
17'%
17%
20
27
116% May
43
No
5%
3,100'
44%
4434
7%
46
99
98%
30
4%
46
38%
106,
*45
34% 7.35%
150
46
*7'A
7%
46
98%
4%
11%
20
*30
Jan
25
17
V: Callahan
4,400
16%
X-v 30
35%
118%
12
61%
76 %
56% Jan
24
20
6', 'a
XX
■
23%
7%
30
4%
*124%
118%
*18
25
3
Jan
California
.4,300
2,000
17%.
*44
-
99
,
*29%
36 'A
45%
124%
*115
118% July
9% May
Jan
19% Jan
Participating preferred
Byron Jackson Co.—
1,200'
\l
.
24%,
: ■
45%
4%
*105%
124%
11
Jan
113
18
preferred—
Butte Copper & Zinc
Byers Co (A M)__
•
'
*23%
10% May
Jan
3
4
5i%
%,1,700
14%'
23%
.
*34'%
9 Va f ■;v;"
8%
*44 X
30'A
*146
39%
X". 7% :
Jan
104%
25
4
Butler Bros
200
73
17%
35%
106
*107%
6%
27
preferred..
—100
Bush Term Bldg 1% preferred—100
.1,900,
28'A
14
25%
*1|
6%
36%
:.x/ 7%
25 5b ;
%•
6%
24%
.
9'%
x
99%
vXX:
'
45%
3%
7% Jari
.....
130
72
■
22
,*21%
55%
-i!f
•
6%
*43%
99'A
36%
12
47% Jan
15
Jan
120
C
%X
26
■
45'%
*29%
150
39%
5
par
Jun
7% Jan
4
98% Jan
9% Jan
6
Burlington Mills Corp
•
1
5% preferred
100
Burroughs Adding Mach—_NO par
25,000
:
9%x
3%
'•
13%
*35
46 'iv'i- .'
*44%
99%
*105%
42'A July
20% July
Jan
47
A:;-
13%
•24%
x
9%;
>
.7%
.
30
45%
Jan
14
Bulova
500
2,100
/
Forge
No
'
4%
Jan
5% Jan
6%
28%
72
*16%
24%
9'A
8
36
13
19% Jan
Jan
Bush
28'A
28%
28%
14%;
6'%
36%
.
*44
■
46
*146%
18%
Jan
18
80
9%
75
if
'
■
30
44% May
Jan
17
2,600
46%
14
.*54'%
17
24 %
V
X,
9%
44%
*99
Jan
9%
29%
3
116
par
par
No
.
37%
4
100
—;—
18
24
1
4%
46 V2
74%
6% "
16%
*34%
•
17% Jan
Jan
16% Jan
8% Jan
.
45
July
.42'% Jan 27
par
60%
9% •V- 9 %
9%
■
X
XA
76
11
6%
;
17
*7'A
18
No
4J/a
58
46%
46%
9%
*27%
■
28%
*25%
,
'1^
6%
*45
13
Bullard Co
59 Va
4
58
.
,60
'
17
4
14% Jan
__100
.—No
Wheel..
Buffalo
1,300
13
.
Budd
400
.
v:
29
*33'A
X-
,
22%
55
%
6%
40% Jan
5
1
14
39% Jan
'
par
Co
preferred
Mfg
17o
preferred
$5 preferred
3,700
17%
18%
18%
76
,
25%
55
*54
..No
(E G)
77-/
.25%
5
Jan
"
:V 14%: ■14%
;
A
7%
*33 >A
4%
*58
9%
3%
7%
:
& 27%
r
12%
4
v>;
47
*28
76
v x'X 12'A
4
9%
■
15'/a
74%
;
12%
60
3%
"
..
7%
*46%
9%
28%
14%
22%
No
Brown Shoe Co
118%
55%
55%
34
12%
/
x
7%
*58
75
14.'A
Bristol-Myers Co
Brooklyn Union Gas
200
111%
28
*108%
46%
9%
*28
3% '
•
60
46%
9%
28%
*73%
3,500
7%
110
56%
400
16
18%
9
55%
17%
111
*58
47
-M
7
120
7%
113
113
*18%
■
<F%
28
60
*9%
9
120
7%
8 Va
12%
4Va
47
18%
9
*7%
33%
*12%
*28
*18%
44
42%
15%
*41%
••
par
'
8
27%
27%
108% .111
*58
42 %
40%
*43'A
15%
42%
120
7
56% V
:
*15%
18%
8%
.*39%
43% .♦43%
15%
43
*119
77,
7%"
•
113
54
.
77
9%
V-
110%
7%
15%
119
.
7
*39% .740%
44 %
*41%
18%
109
40%
%
16
41%
7%
53%
44
44%
15%
41%
117%
7%
109
*107%
44%
16%
8%
117%
71/8 x
*39%
40%
43
*18
9
*39%
44%
15%
*41%
.18%
8%
40%'
*44
43
*41%
X:
*39%
11
3 %
Jan
108
13% Nov
Oct
19% July
19
19%
Sep
Sep
14% Jan
7
17%
Sep
-27% Jan
8
26%
Dec
Ton
H
26 Va
Dec
27Va
THE COMMERCIAL & FINANCIAL CHRONICLE
HIGH SALE PRICES
LOW AND
Jan.24
Jan. 22
Jan. 25
'
v.
$
$ per share
$ per shan
S per shan
per
Friday.
Sales for
Jan.28
the Week >
Jan. 27
Jan. 26
f per share
share
t per share
'
43/8
4'A
4%'
4%
4%
4%
4%
4%
79'A
79%
79%
79%
78
79%
'•77
77
77%
*73
74%
*72%
74%
73
74
72%
72%
*72 ¥4
74
*72%
*85
87
>85
86
85%
85%
85%
85%
*16%
17
16%
163A
163A
16%
163/4
*39 Va
39%
4% /
'
\
'
■'
16%
16%
*16%
-
1
39 Ve
39%
*39 Va
107
44%
44%
44
44%
44
44%
43%
43%
43%
15%
15%
15
15%
15
15%
14%
15
14%
u
■
%
'25 %
82%
83
82
82%
82
25%
25%
25%
25%
25%
25%
*9
•'
22%
*8%
22 Ve
22 VB 7
22
21%
203/4
203/4
20%
*106 "■
82 V2
25%
25 %
25%;
:
21%
i'r
21
104%
105 5/b
*8%r
23,900
106 "'
*104%
104%
S
213A;
800
160
r
3%
3%
3%
33/4
3%
33/4
33A
3 5/b
3¥4
35/8
33/4
2,200
21%
21%
217/b
21¥B
217/B
21 ¥B
217/a
213/4
21"%
213/4
22%
103%
103%
103%
103%
103 6/B
1033/4
103¥B
1033/4
1033/4
24,500
2,200
3
*2?8
3
■
.7
17%
17%
9
9
9
9
9
26
25%
26%
26
83A
26¥4
12%
13
12%
13
13
133/B
21%
21%
217/B
21%
:
173A
83/4
8%
22
26
13%
13¥B
15%
15%
15%
15%
15%
15 VB
46
46
47
47
47
.
104%
104%
20%
104 %
20%
20 %
8
*108%
8
8%
,:
13
21%
21%
104'A
13%
20%
*104%
104%
20 3A
20%
20%
20%
108%
109
8
7%
8
8
*107%: 109
*107%
109
*108
8
33%
O 00
5%
5%
2,600
.44%
43%
44 V- :
5%
5%
5%
43%
44%
5%
5%
5%
32%
33
32%
31%
31%
31%
26
*25%
26
*25¥a
26
25%
25¥4
253/4
26 %
*11%
12
*11%
12
113/a
113A
11%
11%
11%
11%
48%
48%
*48
49
*48%
49%
*48 %
49%
49 V4
49%
*48 3/4
•50
17%
175/a
17%
v
31%
*25%
12
18
33%
18%
18%
13%
46%
*175%
18%
177
>
47
56%
176
3%
19%
104%
104%
47
46%
4 6 3/8
46%
46%.
553A
55%
55%
55%
553/4
-
*176
■
7
2%
Jan
6
17%
Jan
25
Jun
21% Jan -17
10%
Jan
24%
Nov
90
Jan
104% Jan
27
107
'
11
5
33/8
1534
Jan
1023/a Jan
15
104
Jan
27
91%
Jan
2% Jan
5
3% Jan
28
%
Jan
16% Jan 13
.7% Jan
3
19% Jan
9% Jan
28
7%
11
-
Dec
4
Jan
17
2%
Jan
12
26% Jan
26
24%
11% Jan
3
713% Jan
25
9%
18 'A Jan
3
22% Jan
25
17%
100
123/4 Jan
4
15% Jan
20*
15% Jan
17
14
Feb
4 3/8
Jan
16
7
Jan
18%
Dec
Jan
47%
Dec
11
333/4
102% Jan
5
104% Jan
20
89
Jan
16
Jan
x4 3/8
Jan/
3
12% Jan
5
—$2.50
43 % Jan
27
46
Jan
3
40'%
1 'y/y 5 %.Jan
5
30% Jan
3
5% Jan
5
4 Ve
Del
of
Oil
Conv
Steel
pref 5%
320
Corn
Exch
3,000
Corn
Products
Preferred
210
Coty
Internat
193/4
19%
193/a
19%
105%
1043/4
104 3/4
1043A
2JL%
*20%
213%
203/4
105
Crane
5,100
y v
y
Jan
110%
Sep
Jan
36%
Jun
Jan
15%
Jan
49%
96
#
7
r
18%
18%
18%
18%
183/a
17%
17%
173/4
28%
*28%
29
28%
28%
28
28%
28%
28 %
*28'A
28%
46 %
*46%
46%
*46%
46%
46%
465/8
471/8
47
33% Jan
22
25%
Jan
3
26 % Jan
28
183A
Jan
273/4 July
4
7 12% Jan
15
x9%
Jan
15
Apr
22
45
Jan'
53
Aug
15% Jan
50
3
Jan
5
19% Jan
14
13%
Dec
47
Jan
19
37
Jan
47
57% Jan
6
53%
Jan
175% Jan
4
177% Jan
10
Dec
1863/4
6% Jan
22
2%
Jan
6
3% Jan
22
\\k
Jan
2% May
19% Jan
3
16%
16%
16'A
16%
16%
163/a
16%
16%
16
16-
97%
97%
97%
98%
98
98
97%
973/4
97%
97%
30
30%
30
30%
30
30%
29%
29%
283/4
29%
1
1
5
3
19
6
Jan
19
104% Jan
100
(The)
Jan
1% Jan
20
,_2
20
Jan
'
173
Apr
61% May
18
.7
26
*25%
12%
13
•114
115 :
*104
107
107
*103%
,.,.124%
25%
24%
*23%
23%
*23%
*104%
106%
*104%
6%
6%
29
/
3a;
$2.25
14%
Jan
Jan
3
95
Jan
21% Jan
5
16%
Jan
23 % Mar
7; jan
23% July
22% July
"
107
3
108%
Aug
!
293/4
340
:
•/:
3
19% Jan
17
■■'//"' 9
28
Jan
26
29% Jan
7
183/e
Jan
31
Oct
45
Jan
3
47% Jan
27
37%
Jan
47
Oct
5
11%
Jan
17
—5
15% Jan 20
No par
Crucible Steel of Amer
4,500
16% Jan
—.No par
——.No par
preferred
b Crown Zelierbach Corp
$5 conv preferred
3.500
.
No par >
Crown Cork & Seal
500
97%
97%
,
112
233/4
^104%
106 %
*104%
107%
%'',
6
6'/b
116
45
45
*44%
6
5%
16%
17
16%
■•■ 115
115"
16%
17
*110
107
23%
*112
*113
*104
*23%
45%
*141
*113
23%
114%
5%
*104
113
107
A
24%
114
6
113
.
107
1
•*'45%
5%
"
115
*109
.
*110%
97% Jan
17
Jan
20
99'A Jan
12
7; 81%
7 28
Jan
4
303/8 Jan
20
27%
69
No par
45
5%
16 3A
V
115
16%
*109
'
e
y
113
114
165/8
:
100
.
115
/
Cuneo
prelerred—
preferred-
$7
150
preferred—-
Class
5,000
A
22%
22%
*6%
6%
*6%
23
22%
22%
6%
6%
22%
23
22 5/8
23
23
23%
6%
400
113% Jan
Oct
99% Aug
V
Jan :
Dec
38
Nov
82% July
July
Jan
;
28
x66
15
9'/2
7%
'
;
8
Jan
«
18
4
101
Jan
110
14%
Jun
Feb
115%
Dec
106%
V
105
24
25% Jan
22
10V2
Jan
24;
Jan
17
18 7.
Jan
104% Jan
4
5% Jan
14
6
1%
Jan
Jan
4
Jan
12
30%
473A Jan
12
17/..
6% Jan
7
5%
13
7
115
Jan
118
17
3
117
'
——
21% Jan
Jan
11
10
116
Dec
45%
Sep
9% Apr
24 % Mar
14%
23% Jan
119%
Feb
140%
Oct
Jan
263/4
Jun
33/4
28
Feb
15%
3
Nov
96
84
7 Jan *
w
*
Oct
7% May
Dec
16% Jan
100
7
Jan
3
Oct
Jun
107
Jan
3
5% Jan
Jun
25¥4
26%
.
'
Jan ".
-
6% Jan
20
100
43% Jan
<
223A Aug
Jan
92% Mar
22% Jan
—No par
No par
Cutler-Hammer Inc
1,900
25
223/4 Jan
1
pfd
$8 preferred-
22%
Jan
—,——1
Cushman's Sons Inc 7%
...
13% Jan
__
No par
r__No par
Curtiss,-Wright
167
27% Jan
6
No par
preferred——i—
Prior
1,000
73
3
Jan
112
v
,-100.
i
4
12
-
.
30
*—5
^resS Inc
Jan
20% Jan
:
•
100
Curtis.Pub Co (The)
12,600
?
—100
Packing Co——
Cudehy
.
f-'-V 7,700
y-A/
—100
preferred
conv
4%%
16 3/4
16 3/8
*109
115
■:.y. 3,300c
.
5%:;,;--v
53/4
y,
5%%
:
6%
RR
Sugar—I.——10
7%, preferred .——I-.
-^100
;
6
45:
■
5%''
preferred—
Cuba
Cuban-American
40
•''233/4
ios
*105
5%
"
1,800
2,500.
/
23%
23%
113
*44%
1,300
107
*23
106 %
6
16%
*109
*104
23%,.
45
-
125/a
y 115
233/4
114
5¥4
73
*113
6
44%
16%
115
*105
6 v
113
/
6
23%
'■t 23%
5%
5%
116
45%
24
,
24%,
12%
:
V
12%
115 •••/•,
72 3/4
24
72
24%
12%
24%
,
107
6
72
*23%
r
23%
5%
.,
■
12%
23%
,12 34
72
24
13
*104
25
,
72%
72
112
113%
113%
,
.
25%
12%
26
13
24%
72
25%
72
71
71
Sep
May
■
13
'
17% Aug
10
Crosley Corp (The)
1,200
47
*16%
46%
16
>
26
.
48% Jan
—25
1.800
17%
28%
*70%
Jun
Sep
7% May
373/8 July
27
Corp
Cream of Wheat Corp
400
v
26 %
44% Jan
preferred—
conv
Jun
55'A Jan
Co——
5%
500
/,
20 3A
13
Jun
11%
25
Inc
Coty
108% Jan 25
3 .7
Oct
23¥4
v
20
Co
Trust
Refining
—
6,600
16,000
y
—-100
Bank
2%
5
25
Jan
10% Jan
No par y
5
50
Corp
1
Co
series—
Electric
5
Aug
107
Jan
Jan
Oct
21% Mar
27% Mar
12
.
Sep
29%
Jan
8% Jan
8
,
'/•
47 % Jan
22
July
35/a May
19% May
4
45
Sep
105
Nov
24
:
63/4 Apr
243/g July
Nov
15
Jun
.
109
Nov
—1
11% Jan
Cornell-Ducilier
3,300
•/.
178
46%
18%
6
23% Jan
1% May
..<A Si-':,-
.
18%
y 93A Jan
5
5%
19%
July
5
2%
•
27
34% Jan
5%
19%
Jan
20
2%
21%
21%
33'A Jan
5%
104%
11
106% Jan
5 3/4
19%
26'A Jan
20
2%
21%
Dec
3
27
2%
106%
82
27
5%
21%
Jan
Jan
7% Jan
2%
y
A
Jan
Motors
July
36 3A
Jan
Fibre
Sep
Jun
16
5
20% Jan
53/4
3%
19%
21%
177
176
176
176
5%
104%
104%
*20%
;
21
21
19%
19%'
19%
104%
17%
2%
1
7
3
Jan
—
Jun
44 %
•k
Jan
Inc
July
,
% Jan
20
Copperweld
60
46 3/4
176
175%
6
2%
41
44
107%
83% Jan
3-
Jan
20% Jan 10
—50
Continental Steel Corp
400
55%
5%
5%
Jan
17
Baking Co___.—No par
Continental
8,200
18
18%
9%
153A Jan
Jan
preferred——————100
8%
1,300
•
47 :.y
55%
176%
v
6%
2% y 3%
6
j"
.
55s/a
18%
*46%
47
56
55%
46%
55%
31%
32 3A
32%
V'
Jan
Jan
4
pfd
Insurance
11 3,4
44
293,8
Jan
25%
23
Corp of America
Continental
113/4
5 3/8
Container
Continental
Continental
11%
44%
" 45% Jan 11
30%
104%
pfd—No par
$4.50
2,300
11 %
5%
Pow
Consumers
9,100
113/4
26%
32%
*25%
■
360
•:
Diamond
*11%
44%
41A Jan 13
41 VA Jan 11
106% Jan 10
*■
27
21% Jan 27
25
Continental
11%
5%
v
Jan
3
Co
900
33 %
11%
9
14
—
Can
33%
44%
of
preferred
Continental
333/8
12
•
$2.50
100
33%
5%
'
•'
Consolidation Coal
•yy/.. 500;?
3,700
33%
11%
45
45
Cub£f 6%
Consol
1,200
RR
.,
7
v
10
34
33%
44%
12
*11%
6
3% Jan
Aircraft
109
'
33%
11%
17%, Jan
98% July
19% July
21 % Jan
Preferred
2,900
34%
33%
7
Jan
Jan
par
wd
Natural Gas
8
'
33 %
79%
.1%
37
1
Vultee
20%
104%
v
6
6
No par
Consolidated
1,300
104%
Oct
89 % Jan
y 8% Jan
$2 partlc preferred
No par
Consol Laundries Corp—:—
5
Consolidated
153/8
73
243A Jan
Consol
2,300
463A
104 %
77
8
8
8%
*15%
46%
Jan
.14 Jan
79
No par
100
5 '
9,300
13%
15%
47%
Sep
37
No par
:—No par
22,400
'
77%
11
25
$5 preferred
Film Industries—.
/
17,300
1,700
V
Jun
40%. Jan
Jan
.
'
>46%
20%
20 ¥B
21
y
'
9 Va
*13
13%
*15%
V
5%
17
75
39% Jan, 25
No par
Consol Coppermines Corp
Consol Edison of N Y—-No
5,100
21%
104%
104'A
•
26%
12%
'
104%
*108%
109
26%
127/a
:v:
47
13%
14%
26%
,21%
153/8
47
14 %
87/a
12 5/b
133/4
13%
13%
*15%
3%
26%
•
213A
*46
V"
193/4
13
213A
22%
104
3
18%
18%
8%
26%
12%
7
103%
3%
-
18'A
-7V
*8%
25%
104
3
17%
18¥B
18
3
3
3%
2%
3
18
17%
43/4 Jan
80% Jan
3
3
Consolidated Cigar
6%% prior preferred
I per share
3
42%. Jan
14%. Jan
Congoleum-Nalrn Inc
,
6OO
1
«
Highest
t per share
3
3
19
Edison Co
Lowest *;
•
37% Jan
Conde Nast.Pub Inc
.'300
;
22
*20 s/8
1.
,
105% Jan
$6 preferred series
Year 1943
.
Jan
Jan
3
85
Jan 28
16% Jan 18y
10
conv
Commonwealth
..
t per share
-
Commonwealth & Southern—No par
'
8,800
21%
3% 7
;_.__---No par
..
72
preferred
100
Comm'l Invest Trust-—,—Nc par
Commercial Solvents
r—No par
Credit
Range for Previous '
->
.
Jan
76
:
No par
$2,75 preferred
3,900
..
9%
21%
21%
21
>20 3/4
105 %
107
107
107
jj
82 ye
No par
Pictures
Commercial
,7.900:
/
S per share
preferred series A_n——100
preferred
-—_-__100
Columbian Carbon Co
.No par
;
8,100
15%
.4,•" # v-'il'-:- -
/;
.
5%.
4%%
f
.
.
■
/
22
'■
:
309,.
6,400
;
:
y"v. 7':
v.
Columbia
1,309
.V,
.>
,
6%
:
.4
43%
'15
9%
20%
•
43%
: •
v
*8%
9%
22%
*21
107
*106
9%
9%
22%
9%
*22
"
•
;•
:v
Columbia Gas & Eleo
/
7
•
V400
;
39%
106
82%
%
82%
::y 25 Ve
25%
20%
%
tt
ii
82
•
'
•
393/8
;
3/4
82%
%
■
.
81%
;
39%
14
U
17
39
433/4
t
.■>'
*98
106
105%
*102
85
70
.
•■
7 Range since January 1
•y\Vy:.:,.;^.y y -J'.yLowest k :
"..Highest
EXCHANGE
y-.'y,
1,700.
...
■
16%
39%
*98
105%
*100
*100
'
15,309/
77%.
75
85
393A
39%
40
39 3/4
40%
105%
*39%
39%
*39%
39%
40
*100
40%
40
41
41
».
86
86
.
.
NEW YORK STOCK " vy;
,
•'/
'
4%
4%
4%
*79 y8 r 79 %
1
Shares
...
STOCKS
-
{
.■
Thursday
Wednesday
Tuesday
Monday
Saturday
Monday, January 31, 1944
Jan
'
Nov
D
:
*19
*19
14%
*111%
113%
22%
22%
38%
39
39
39%
34% :■
34"
34%
*34
*17%
*111
i
18
18
18%
*46
18%
52
:
93
*111
113%
22%
22
22%
217/b
38 3A
39
38%
39
34%
34
34%'
*333/4
35
173/4
177/8
215/s
*173a
18
21
*17%
21%
18'A
22%
7%
7%
7%
18%
18%
18%
18%
:
*46
\
52
y
33%
183%
203A
7%
18%
333/4
52
7*46%
*173/4
*46%
'
52
Decca
Records
Deere
&
7
52
!.w.
32%
32%
32%
32%
640
Devoe
32%
325/a
325/8
32 Vb
32'A
*32
323/8
400
Diamond
40
40
*39%
40%
*39%
40%
*39%
40%
40
40
*40
40%
200
13%
13%
13%
133/8
13%
135/8
30
30%
13%
14
13%
30%
30%
30
99
30
293A
30
30
100
:
100
327/a
32%
7 99
Jan
243/4
26
Jan
43
3334 Jan
28
35
Jan
13
29
Jan
17
Jan
24
12
Jan
36% July
20 % May
10
17% Jan
17 Vb Jan
3
50
5% Jan
3
20
18% Jan
—No par
No par
Match——
partlc
preferred—
18
1M
8%
Jan
Jan
18
3%
Jan
12
193/4 Jan
5
16%
Jan
29% Jan
5
333/8 Jan
21
1734
31'A Jan
4
32% Jan
25
26
Jan
35% July
33% Mar
39
Jan
6
40
Jan
22
37
Jan /
42 Vb
13% Jan
11
14% Jan
5
8%
Jan
17
Jan
■
8
40
...
25
par
287/a Jan
19
31
100
97% Jan
17
100
1,000
Dixie
par
15% Jan
3
2
Jan
11
213/a
25
83%
Jan
19
10
Jan
15%
*44%
44%
:
44
44%
44%
44 3A
443/4
443A
5
44 ¥a Jan
*34%
34%
;
34%
34%
33 %
34
333/4
333A
*33%
333A
33¥4
333A
1,300
33% Jan
3
36
24%
24 %
24%
24%
24%
23%
24%
235/8
23%
23%
23s/a
7.500
Doehler Die Casting Co
Dome Mines Ltd
—No par
24%
No par
23% Jan
28
51%
51%
51%
51%
51
51%
49%
50%
49 7/8
497/e
49 %
50%
3,200
Douglae Aircraft
—No par
124
*124
125
*107%
108%
28%
9
*11%
*116%
139%
*125
*120%
:
29
9%
140
*125
121
*120
12
9
12
35¥4
107%
108%
800
283/4
28%
283A
1,500
—No
A
—No par
9%
93/8
93/4
3,600
Dunhill
No
Dresser
8 3A
12%
283/8
28%
8¥b
9%
9%
*11%
*1.1%
12%
*116%
122 77
•139%
1393/4
1253/a
*125
*116%
138%
*11%
121
120%
120%
100
12
122
,".138%
Du
125 ¥a
*125
125%
7119%
120
*119¥4
120%
~50
P
No
,
7%
preferred
Duquesne Light 5%
12
11%
11%
11%
113A
11%
11%
5,300
Eagle-Picher Lead
35'/a
353A
35
35%
35%
35%
2,700
7%
75/a
73/B
*7%
73A
1,400
Eastern
162%
162
163 %
162%
163
163
163
163
163
175
175
175
175
175
175
*175
177
44
44
44
42%
43%
■*18%
183A
183/B
18 3/8
18%
18'A
387/b
387/a
38
38%
37%
37%
37%
38
11
11%
105/a
10%
10¥b
103/4
10%
105/a
33A
33/4
*33/4
3%
*3¥4
3%
*95/8
3%
4%
4%
4%
4%
4%
4%
4%
4'A
162 %
July
34
Dec
Jan
25 ¥b
44
Nov
523/4 Jan 15
123
7
28% Jan
21
297/B Jan
5
8% Jan
13
93/4 Jan
28
;
Jan
27;
131
Jan
Jan
7
12% Jan
27
141 % Jan
124% Jan
11
100
119% Jan
27
12
122%
1st pfd
Nov
153
Dec
107 3A
Dec
16
Jan
35%
Jun
5%
Jan
10%
Dec
.
24
9
Jan
Jun
122%
6
134
Jan
159% July
1253/4 Jan
15
124
Dec
130
Aug
1203A Jan
20
115%
Dec
1213/4
Sep
20
9%
Nov
11%
Dec
5
31%
Jan
44 ¥a
20
3¥b
Jan
137/a Apr
43%
43%
18%
18%
38 3/s
383A
103A
11%
*33/4
3%
4%
43A
86%
863A
82 »/2
7
■
'
v
86
42%
*18
177
43
43
18¥B
*18
18%
38
38]/2
10 ¥4
10%
.
Jan
3
Jan
27
37% Jan
67/8 Jan
3
75/a Jan
162,
12
Jan
,
July
8% May
146 % .Jan
Jan
24
165
Jan
89
87%
84
83%
84
41%
41%
41%
88
89
86
87%
83%
83
84%
82
833/a
42
41%
413A
41%
41%
*29
293A
*29Vs
293A
29%
29%
29 %
29%
29
29
*28%
*573A
58
*573/a
58
57%
57%
57%
57%
*58
59
59%
10
102%
102
102
102
102%
10%
10%
10%
10%
103/8
90
90
90
90
90
90 %
*91
92
92
92
96
96
*1$
*96%
%
footnotes
3A
see
*90
*102
9%
*89
102%
10%
463.
95/8
102%
10%
Boat-*——.
400
24
183
Jan
7
X173
Sep
44
Jan
24
35
Jan
45% July
19
29
59 %
10%
Jan
10
/
Electric
Storage
El
Natural
:
170
May
184
Jun
90
90y4
90%
4%
90
91%
1,050
*96
96%
96
96
90
91
96%
95
96%
3A
7i»
13
-ifi
310
) 3
1,1
1,100
Johnson
$5
-
-
Public
.
Office
24
30%
Jan
11% Jan
22
3% Jan
4
4% Jan
4% Jan, .3
-.
13
19.^
29
Jan
Jan
101% Jan
30.'- Jan
7
25
19
—i
Serviced
Jan
.
5
Jan
Jan
53/a May
63A May
31%, Jan
28%. Jan
'
3
102% Jan
Mar
13A
28
24
59% Jan 28
„
14
•
.1 %
-
84% Jan 25
Jan
Sep
39% July
8¥e Nov
22
42
8
57% Jan
10
43/4 Jan
91
83% Jan
39% Jan.
—100
,88% Nov
333/4 .Jan
"23'A, Jan
.
49% .Jan
101%
Dec
••
•
92
42%
x32
Nov
Sep
Sep
58% July
103%
Dec
-
Bldg__!
8% Jan.
3
10 3A Jan
28
—No par
preferred—!——
{Equitable
38.7/a Jan
80
par
„_3
$5% preferred
$6 preferred
4.
3
■
—*0
Corp.
preferred—77—
Engineers
870
90%
Pa so
Feb
Jan
No par
$6 preferred—
EnfBcott
74,700
89
92
:
Gas—
600
400
11%
...
No
Battery
4
-
18% Jan ~4
10% Jan
shares
4,0007'
230
103A
Am
7
3
37% Jan
Electric Power & Light—No. par
$7 preferredNo par
7,700
102
102
Elec & Mus Ind
.
Jan;
4
18
(The)
1,100
%;
90
¥4
%
pace
102%
Auto-Lite
90
96%
97
*41
Electric
Electric
4,400
91
86 %
82%
87%
42
175
—,
2,600
37/a'
83
preferred-.^
10,900^
4%
42
cum
41
300
33A
82%
6%
•
Eaton Manufacturing Co
Edison Bros Stores Inc—,
1,700-
4%
,
*41%
102
90
*175
'42 ¥4
Oct
'
11
35
Kodak Co__
*
"
1
43
May
115
'
CO——
Sep
73% May
Xl06%
5.
108% Jan 27
138% Jan
par
Rolling Mills
Eastman
1,600
45
Feb
15%
1063/4 Jan
Eastern Airlines Inc
7%
Feb
223/s
No par
$4.50
36
7%
38%
20
(E I); & Co
12
*7%
3
8
11
17
100
Nemours
36
•
Jan
Oct
Dec
16% July
Jan
par
1
preferred
de
/ 48%
35s/a
100
Nov
May
255/a Jan
par
International—
Duplan Corp
3,300
433A Jan
15%
par
preferred series A——No
Mfg Co_—
No
B7<
138%
*125
125%
$4
'
*116%
12%
122
139%
"
12
7%
163
123
108%
28%
140
36 3A
7%
123
108%
122
*120
Co—
Dow Chemical Co
124
108
139%
*125
ll7/a
178
*11%
V
500
123
*122¥s
Class
580
123%
*116%
121
7
107%
%
29
140%
126
443A
*44
Cup
123 3A
122
36
~
-
8 3A
12%
12%
*116%
■'
125%
163
29
8%
12%
122
*175
*108
29%
;
443A
1534
108
123 3A
V 108%
'
'
140%
35¥4
*7
124
*108
29
*44
" -
15%
153/4
Dec
103/4 Mav
223/8 July
48% Apr
Jan
Jan
99%
15%
100
•
Mar
Jan
99
*15%
17%
'
■:
"
y,;: 15%
153/4
Sep
July
.23% Jan
15%
15%
Jun
10
15
99
100
116
11
23
*15%
15%
Jan
Jan
40% Jan
*98%
100
108 3a
'
!'
•
Jun
~5
1,200
3.600
7 99
*
Mar
27
100
Hudson
& Reynolds A
6%
3,700
30%
30%
30%
"•
Oct
19
19
;
v
21 Va Jan
Diamond T Motor Car CO—
Distil Corp-Seagr's Ltd
No
5 % preferred
;
:
14
13%
133/4
.
Jan
77%
Jan
147A Jan 21
12
38'A Jail
Detroit Hillsdale & S W RR Co—100
■
33%
32%
17
20
Edison
;:33; i-
.
7
14
Jan
1
Delaware Lack & Western
32%
33
20
14
100
Delsel-Wcmmer-Gilbert
*32%
33
Jan
par
No
IDelaware &
Detroit
6% Jan
13% Jan 11
Inc
23,300
7,200
4
20
_1
Preferred
300
..
6% Jan
25
Co
32%
,
*32%
—...—8
Corp
15,800
187/b
*46%
Chemical
(The)
Dayton Pow & Li 4%?# pfd
800
.
7%
18%
;
.
215A
7%
187/b
:>
18
21
73/a
183a
53
34 Vb
.>
•
*46
38%
2,100
2,800
22 s/8
38%
Davison
113%
22
1
21%
7
2,900
13%
*111
113%
:
7% 7
•
*111 "
7(
Davega Stores Corp—
5% preferred
22
•
133/4
•
22
39%
22%
•
*18
14
34%
¥
*6%
6Va
22
14
14%
7%
21%
•
6%
*18
14
39
'22%
23
18:
"
7%"
7%
"6%
14%
113%
14%
*111
113%
*22%
22%
22%
••V
6%
•is y
*19
14%
14%
14%
"
87
Jan'
3
90% Jan
25
54
Jan
92
Sep
—No par
No par
89
Jan
3
S3
Jan
10
573/4
Jan
92%
Sep
9234 Jan
10
96% Jan -25
62%
Jan
A Jan
4
JA
Jan
No
par
■
% Jan
13
2 ¥4
.
Jan
9%
,96
Sep
Dec
1 'A Mar
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4251
LOW AND HIGH SALE PRICES
Saturday
Monday
Jam 22
S
per share
I per share
STOCKS
Thursday
Wednesday
Tuesday
•'
Jan.24
Jan. 25
Jan. 26
.
J per share
S per snare
11%
.
11
Sales lor
Friday
Jan. 27
v
Jan,28
t per share
t per share
NEW YORK
the Week
Ranre for Previous
STOCK
Range since January 1
Shares
EXCHANGE
Lowest
Par
I per share
'
'
yll'A
11%
11%
1J
11%
50 Va
10%
51
82
7%
11%
23%
"
*23
3
3
'37%
*7%
13%
15%
?:
11
*'
23%
*2%
18
23
23
*23 Va
12%
13
■;?' 12%
15%
•,;v *35%
.
15%
40
*99%
20
20%
5%
20
-
20
■
36%
23%
m
•
20'
40
106 A
36%.
i8%;:
36
20
*36
37
36 Va
27%
"
36
A",.
51
V
12%
*54%
54%
12%
17
16%
100%
*20
101 >
23
23 Va
23%
22%
22%
'..97%
96%
97 Va
97%
98%
-
"
18
45 %
40%
>
"
o-
16%
3232%
32%
109%
3%
>
V:
A:
16%
16%
14%
13%
*68
85
31%
109%
4
31%
109%
*
3 Va
V
."-•■'••*3
3 Va
i
15%
15
3%
; 14%
r
'
•
3%
3
■
14%'
'
:
20
32%
31%
3 %
3%
15
3
First
900
V
;• :"v.
27
26%
5%
26%
5
27%
>
5
AV.
13%
13%
*!3%
13%
*51
52%
..•:: *si%
52%
*51
52%
10%
10%
10%
10%
106%
106%
*106 Va
45%
45%
*105%
106%
45%
45%
28
•
300
76
4%
33
*3% A
National
■>, a,
*51
A"
52%
*51
$4.50
*10%
10 %
;
*106%
108%
"10%
Fruehauf
7%
i',p
8
*145
7%
7%
*145
150
45
'
-.
45"
77a
150
;
108 Va
8
*145
'
45
A.
'
8
.
150
145
45
45
V
Stores
27%
5
'
No
160
i'-A
5
(The)
108 Va
/4i^4
45 Vi
A
8 Va
-i
100
.
8%
8%
-
8%
8%
5%
13%
.
8
A
8
A 145
8
*140: 145
145"
*140
13%
8%
>.
8%
8%
8%
5Va :■> 5% -':;
'
5%
:-■;■■■
13%
5%
;>./
■>
*13%
92%
A
92%
5%
•
"
92%
92%
A>
5%
5%;.
'
13%
;
92
••::
•
A- *13
13%
92%
•:
28
1,500
2,900
41%
.-A
37%
41%
*
*115%
42
*109
*115
129
53%
-
146%
:
'
20%
General
Co
A'
.-
1%
*7%
.
'■
1%
*1%
21%
22
115
•111%
*56%
58%
■A
15%
'22%
„
A
23
■v
*74
23
21%
Jan
13
31%
Jan
3
20% Jan
5
15%
Jan
106% Jan
7
97%
Jan
109
par
34 Va Jan
3
36 Va Jan
19
25%
Jan
36
Jun
24% Jan
3
26
Jan" 4
19%
Jan
28
Jun
6% Jan
4
8Va Jan 21
3%
Jan
48% Jan
14
51% Jan 21
30%
Jan
53
11% Jan
5
12% Jan
13
9%
Jan
53% Jan
5
55% Jan
28
39%
Feb
13% July
54
Dec
53
Jan
19% May
21
15%
15/
76
75
10
30% Jan
3
8%
9
74%
74%
20%
74%
20 Va
20%
:
*72%
■:>:
9%
9.
300
v
23%
4:
,74
24
29
.2% Jan
General
1,300
General
180
4% %
10,200
Gillette
4;
74
200
$5
&
Jan
5
21
3
Jan
6%
Jun
15
9%
Jan
14%
Apr
Jan
3
52% Jan
19
Jun
53 Va
10% Jan
26
10% Jan
12
Jan
11% Dec
4
107% Jan
14
45% Jan
22
51,
106
Jan
43% Jan
3
7% Jan
145
par
>
51
6%
102
37
8
% Jan
11
147
Jan
19
9% Jan
28
4%
2%
Jan
7%
Jan
71%
Jan
20Va
Jan
3
3
4
14% Jan
14
813/4 Jan
4
95
Jan
14
26% Jan
145
Jan
36% Jan
41
par
28
Jan
27
147
Jan
6
37% Jan
5
26
Jan
3
X114 Va Jan
:
115
Jan
102
43% Jan
7
'2% Jan
117
6
Jan
3
Jan
11
34
5
'3'
•
V
1%
93
9%
Nov
39% July
Jan
""44%TUiy'
119%
Sep
Aug
3
Dec
July
120%
Dec
Jan
4
110
Jan
21
83%
Jan
107%
6
130
Jan
7
128%
Nov
137
4
54
Jan
5
44 Va
Jan
129% Jan
5
125%
42'% Jan
28
17%
Jan
6% Jan
24
2%
Jan
13%
Jan
125% Jan
par.
par
36% Jan
4% Jan
No par
28
'19% Jan
107
par
10c
No
3
20% Jan 15
;
Jan
7% Jan 10
107
1% Jan
Jan
1% Jan
23
20 Va Jan
par
■
3
6% Jan
_1
No
,...
Jan
4'/a
1 Va Jan
3
12%
No par
51 Va Jan
12
No
207a Jan
4
1
14% Jan
4
15% Jan
12
preferred—No par
84% Jan
7
88 Va Jan
22
22% Jan
20
:■•$'■
par
;
Corp—
.—20
Rubber
Co——
5
—100
No par
No par
Safety Razor^—
preferred—
19
Jan
6
110
Jan
14
20 Va Jan
12
.
99 Va Jan .13
7% Jan
69
57
31%
Jan
25% May
115
4
15%
Jan
9%
1%
Jan
22% Jan
Jan
23% Jan
Jan
21% Jan
101
*85%
*86
87
20
*46%
*86%
>87
•
47
11%
11%
11%
86%
86
86%
19%
4
20 %
47
*46% '■'47%
47%
-11%'
86%
11%
87
19%
20
20
20
11%
11%
11%
11%
1
19%
19%
19 Va
47%
*46%
47 Va
*47
11%
*86
11%
300
-19%
46% ,■46%
$6 preferred
Glidden Co (The)—.
No par
No par
4%% conv preferred
50
Gobel
(Adolf)—
—1
tGoebel Brewing Co.»
1
Gold & Stock Telegraph Co——100
2,200
200
19%
'
*1%
*89
1%
3
2%
*88%
90
42%
42%
42% .,42%
42
101%
.101%
101%
102
38%
'38%
38%
38%
38%
39%
107%
107%
107%
.107%
107 Va
*107
«
.
;•
9%
9%
*9%
102
■
'
101%
100%
i%
i%
■*
3%
:
i%
•'.
3%
-
3%
.
1%'
i%
3% ;•*
3%
'
*16%
.*16%
17%
*9%
10%
'
;
15%
'A
15%
,
28%
28%
26
26
15%
,
28%
•
28%
,
V
34%
•
147
147%
*61
46%
46%
21%
12%
12%
>
V-"
26%
>•'
-21%
4%
"
126
•'.,
"
24
Jan
25%
11%
7%
36%
36%
36%
44%
45%
45%
•
•
125
-
24%
60% Jan
74
>'11%
45%
*23%
"
15%;
27%
27%
2574
145%
-15 3
"27%:
28
Jan
14%
59
Jan
85%
18% Jan
20% Jan
14
14% Jan
22% July.
46 % Jan
47
Jan
3
41
48
1
Jan
Oct
Jun
1% Jan
'3
Jan
27
10
17
1%
Jan
3% May
90
2% Jan
85Va Jan
41% Jan
Jan
Sep
Jan
26
73%
Sep
44
97% Aug
45% Sep
W Jan
1% May
Jan
5
24%
Jan
102% J an
25
83
Jan
39% Jan
15
25 Va
Jan
41% July
No par
—No par
104 Va Jan
3
107% Jan
24
90%
Jan
8% Jan
3
10% Jan
28
4%
Jan
108% July
9% Apr
100
100% Jan
25
Jan
101%
,1% Jan
3
3% Jan
20
100
Graham-Paige Motors——
1
Granby Consol M S & P—
5
Grand Union Co—4
—No par
157'a Jan
400
Granite City
10
$5
preferred
Gotham Hosiery—
150
■
6,600
,
:
">■
700
r
conv
Preferred
Grant
5%
15%
••
5
27
3
24%"
4
-2,400^
%-
—
No par
Steel—
(W T)
—10
Co—
preferred—
Ore,Prop—No
Great Nor Iron
20
par
". 98
104
Jan
7
1% Jan
7
80
:
102
Jan
V;
Oct
Dec
2% May
4% Jan
5
3%
Dec
10
17'/a Jan
19
8
Jan
17
Jan
3
10% Jan
15
7%
Jan
13% May
32% Jan
3
34% Jan
24
Jan 13
14% Jan
3
6%
Apr
July
17
29%
Feb
37
Sen
Jan
13
24
Dec
26
July
15% Jan
27
13%
Dec
18
Apr
Jan
24
pfd ..No par
25% Jan
3
28% Jan
21
21%
No par
Great Northern Ry 6%
12,800
-
/"7%
36%
37%
37
45%
44%
*27%
145
70
*57
*45 Vsf
46%
*45
21%
21 Va
12
■
;
11%
12
HV4
11%
*3%
*122
8%
•
146
*58
46%
22
...
24% Jan
3
26 Va Jan
20
23% Nov
148% Jan
11
4 Va
*3%
8%
38 Va
39 Va
45
44 Va
29
28%
123
•
400
21%
-
15,300
11%
-2,100
11%
4
124 V
Great Western Sugar
Preferred
32% May
;
'
2,000
300
130
Green
5%%
145
Jan
28
65
Jan
12
65
Jan
12
57%
—1
46% Jan
24
50% Jan
5
31%
Jan
50
Sep
No par
—.10
-1
No par
19% Jan
3
22% Jan 24
14'/a
Jan
21%
Dec
11 Va Jan
13
11
Jan
13% July
Co Inc—
preferred
Grumman Aircraft Corp
Guantanamo
8%
Sugar
preferred—
—100
Gulf Mobile & Ohio RR
8%
39,300
38%
39 Va
10,800
$5
447/a'
44%
'44%
3,500
Gulf
28%
28
28
•
L)
No par
No par
nreferred
Oil
Jan
100
;■
Greyhound Corp (The)..
8%
,
(H
27%
RR———100
—
Green Bay & West
'46%
>
1
160;
70
11%
11%
125
1,800
■145 >"'•
'
8 Va
39%
26
26
21%
70
4
45 Va
*
36%
24%
25%
124%
7%
.
4;,..
5
86% Jan
3
9,300
10
15%
11%
4
123
7%
7%
37a":••
416%u,
•10%
34% Ih'34%^.
34 3 a
*23%
.
-1%
,.*16
lOVa
'34%
'
146%
.
11%
4%
3%
"' 16%.
*9%
26
146%
46%
■>" 21%
12
*16
•'
May
12% Jan
Jan
x83
Jan
5,400
f
101'
ivy
Jun
9J/4 May-
'
i-;
126
1%
11 Va Jan
Dec
37% Jan
900
10%
10
No par
(B F)—
5% preferred—^
No par
Goodyear Tire & Rubb——No par
700
5,500
107%
101
Goodrich Co
6,900
38%
107%
9%
101
3%
34%
25%
b'
12%
*4
4
'
.
«;
22%'
'11%-
•
.126
7%
7%
47
'
10%
*61t
21%
.
16%
27% -,28%
70
'
11%
4
126
'
*46%"
v.
22%
12%
11%
•
;
;
•
12%
:
11%
11%.
*4
126
46%
46%
'
'
147:.
147
1%
15%',15%
28%
*61
1%
*23Va-
*26':'
1
9%
*98%
*34%
-
28%
70
9%
4
•:
80
10234
Vf-
38
107%
400
'/
41%
41%
*102
38%'
101%
>9%
15%'
-26% y
:; -147
v-:";
*61
70
21%
26
-
9%
*16V8
•
i-'
24%
•
"
•
•••""*■3%'
.
34%
*23%
---15%.
24%' •■-
15%
10%
'
147%
*107
1%
3%
16%
*9%
34%
*23%
24%
*23%
'■107%. 107%
*100
3
90
41%
101 %
38
«:
*2%
*88%
%
41
38%
3,000
1%-
1%
,
2%
90
101 Va
101%
IPs
16%
r
10%
A- 34%
*34% ' 34%
'<•
17
*10
42
2%
90
38%
100 Va
y<-
'
"
■
101%
'
9%
*100%
9%
9%
*100%
V4
>--v
2%
90
41%
42%
102
1% •V" 1%
1%
2%
89
101%
,
1%
3
90
*2?« %
3
90
1%
1%
*1%
1%
*2% A
*89
No par
Glmbel Brothers—.
2,900
87
>
Jun
23% May
113
Jan
4%
11
24 Va
Dec
July
24
9% Jan
91
Jan
14%
4
Jan
.15%
Jan
108
14
Jun
Sep
23% Mar
Jan
15%
11
110
Aug
59
Jan
16%
5
20% Jan
60
Jun
i. Nov
2% May
Jan
21
74% Jan
3
8%
Jan
Jan
July
24% May
112
Mar
%
Nov
6 Va
aV Jan
X104
1% Jan~20
1
>39
Jan
17
100
July
131% May
Jan
5/
Sep
July
56,
Nov
103%
12
Jun
148
52% Jan
par
Jun
Aug
8 Va May
18% May
98% May
32% May
113 Va' Jan
^
Jun
9%
151
130% Jan
30% Jan
3
120% Jan
22
Jan
Mar
128% Jan
No
preferred
conv
3
24
Aug
51
Janb
5% Jan-14
6% Jan :
4% Jan
11% Jan
5%
134
Apr
107
Jan
24
26
Jan
par
par
Jan
'
11%
•
Jun
5 Vs Jan
No par
Equip Corp
Telephone
Tire
4%
4 Va May
14%. Oct
30Va July
13% Jan
Gen Time Instru Corp——No par
i; y-. 6 %' preferred—————100
10
9 Vtr
*72%
Jan
26 Va Jan
18
Aug
10
General Shoe Corp
400
>
101
9
Jan
19%
110
Jan
No
Gen Steel Cast $6
1,300
20
20%
20%
1%
9Va
No
General Refractories-
1.700
>
113%
101
9%
*71%
'74
20 Va
101
3
22
3% Jan
100
preferred
Realty & Utilities
$6 pref opt div series
610
-
3 Va Jan
15% Jan
5
Railway Signal
1,700
20
Jan
3
Gen
15%
23%
Jan
13
6%
55
*110
17
96%
Jan
4% Jan
No
Gen
86%
20
12
20
32% Jan
110
Dec
Sep
38% July
31% Jun
13% Jan
Public Service
86%
23%
Dec
5
—No par
Adv A
Gen
*15%
113%
*100
101
9
74%
20
*110
20%
*100%
9%
23%
23%
113 «/2
29%
4
5
preferred
Outdoor
3,000
•21% >21%.
15%
15
3,
No par
5
Common
2,600
1%
21%
33% Jan
May
100
700
22 vy
*52%
86
20%
' 101
8%
21%
$5
Gen
115
1%
55
15Va
-
>-
22%
Feb
1
General Motors Corp
800
.
1%
*111%
50
27/a Jan
No par
Gen Precision
,•<•
28
5
-__50
General Printing Ink
$6 preferred
1%
Jan
2% Jan
par
Inc
preferred—
2,300
86
*20
5%
5,800
217 a
22
12% Jan
par
No par
7%
115
17% Jan
4
>1
No
General Mills
110
14,800
Dec
Jan
Corp_—
20%
15%
*110
500
•7
9% July
Jan
preferred series A-No par
conv
Jun
July
5%
preferred
7
88
*22%
20
101
101
; >
$6
22%
10'%
No par
20
15%
113%
20%
21%
21
:*52
22
$4.50
Foods
'
16%
Gen Gas & Electric A__
*107 •; 110
86 %
"
A 23%
20
111 Va
16
100
1,100
1%
55%
21%
:
21%
*
1%
par
5
No
9,000
-
37
4
35% Jan
Jun
112% July
39% Jun
5
Inc
6%
*1 %
Dec
13
preferred—.
42 Va
1%
104%
Jun
July
19Va Jan
No
126%
7%
^Jan
26
pfd—100
i
42%
20
106
Corp
126%
110
3
104% Jan
preferred
General
20
53
6% '
43
105% Jan
par
No
125%
6%
50%
Jan
20
-
52%
«*1%
22%
115
1%
22%
*110
110
100 %
74 %
•
21%
23 A
23
9
21%
55
55
".
1%.
*111%
1%
7%
*107
109%
i%
15%
110
21
;
.-
*19%
7%
*107
•
6%
Jan
25%
No par
52%
.
19%
42
15
Jan
General Electric Co
10,800
<
129
7%
3,800
"70
107%
•
Jan
6
Jan
par
Ao
43%
126%
♦41
20%
-'7%
V
i%
88
*20
100%
20
7%
15%
20%
9
20%
87%
113%
-
42
6%
6%
6%
15%
*20
21
126%
;' 42 '
42
88
*110
100%
126%
15%
88%
129
118
*115
12%
Jan
41
15% Jan
Transportation
Baking
cum
17
49
3
18
(The)
General Cigar
10
19,900
116
106%
129 :
A 126%
115
1%
21%
*21%
108
22%
22%
58
*105
52%
■;
18% Jan
27
.
42%
.
115 V»
108
129"
36%
1%
700
.,■••••:
A ;
V. 2%% 2%
120
53
87%
15%
88
£.
*
*
,
2 Va
*106
109%
*111%
1%
*55
21%
21%
22%
115
1%
1%
42%
*115
130
*1% a
42. Va
116
•
36%
118%
52%
7%
36%
2%.
*128%
20%
♦107
1%
:
22%
*111%
1%
%
V V
53%
6 Va
109%
2%
.
117%
109
40 3 4
7%
:
A *107
109%
126%
;
20%
20%
7%
*107
V
6%
:
A
36%
>
450
-
A 145
*141
3
Jan
13
preferred
'
28
*27%
145
-
42%—: X42
*115%
116
2%
>'
Jan
45
20
General Cable Corp
Class A
1,100
1,100
911/4 :4-
17
39% Jan
Nov
Jan
cl A
Industries
General Bronze
16,300
5 Va AA'A
98%
20
Jan
13% Jan
70
Jan
Amer
$8
10
13% A;
90%
28
*
*141
.
*115%
121
52%
41
6%
20%
*7%
'.••••
28
>
36%
>•-.42%
.'.
116
l^q * ' 129
127
'
41
109
■:
53%
127
42%
*118%
129
6%
91%
-
"
"
28
* 36%
-.
2%
110
1
41 %
6% .1
>
'■
53%
127
127
*39%
*27
>
Va*' V *144>
37 ;>.*
42%
115 %
122
129
*"
53%
146
>
2%
*109
110
*128%
A
116
2%A
120
*116
>
36%'
.42
2%
5%v <;
*13
'
•'116
117
2%
27%
27%
37% -
36%
•:
*144
145
145
;
9%' -A
9
-•:/
"
27 Va
27%
.
V 147
37 Va
9%
13
91
92%
'
*27%
*145
■
13
'
."91%
.
8%
5% A: 5% A ,
.
13% ">■
25% July
Jan
(Robert)
$6 preferred
Gen
A
;
Jan
78%
25
Gen Amer Investors
1,800
,
15
28
—10
v__-
*AO6%
...A'"
45
14
98% Jan
No par
Gaylord Container Corp
5 Va % conv preferred
Wood
Apr
23% Jan
5
preferred
Gamewell
6 %
3
4
Inc
Apr
18% Dec
Jan
12
Co
29%
Jan
10
Gar
A.
A
Feb
3%
1
1,000
10%
Dec
13
100
4,500
10%
A;-:."
18 Va
12
28
—No par
10
52 V4
*51
14
5% Jan
Nov
No
13%
•
13%
20% Jan
29% Jan
Gabriel Co
,105% July
20% Jan
108% Jan
Galr
19% July
Jan
4
1
1,300
Jan
86
3
100
2,600
5
May
11%
6%
27
Mar
28
Nov
Jan >;4
Co
4,600
Jan
42
Nov
8%
No
Trailer
'
6%
17
21
21
3% July
30% Nov
17
101% Jan
18
Jan
?
7
14% Jan
Jan
No
'
-
20
24% Jan
3
conv preferred
5%
'
•■>..
37% Jan
3
3
%
29% Mar
.
100
A
(The)
preferred
"
•■
14%
*27 Va
52%
*106%
10%
108%
;;
10 V4
U
Nov
93
Freeport Sulphur Co
700
:
series
F'k'n Simon & Co Inc 1%
180
3%
2%' ,3
13%
•
3% Jan
20
22% Jan
I
Florsheim Shoe class A
Follansbee Steel Corp
5% conv preferred.
Food Pair Stores Inc
Food Machinery Corp
Foster-Wheeler Corp
6% prior preferred
Francisco Sugar Co
1,200
v >
*14%
4%
*13%
5
13%
Jun
25
10
Florence Stove Co
30
32
VV
13%
4%
13%
*10%
A
*27
27%
5
5%
Al3%
Jun
14%
19% Jan
$2.50
Flintkote Co
110
109% 109%
14%. "14%-. i
28 v /:'•28
-
9%
Jan
17% Jan
5
Nov
Jan
5%
par
Corp
preferred
78
3%
6
100
conv
Enamel
6%
—
32%
3%
3
Ferro
Dept Stores
preferred
Jan
5
25
14% Jan
100
16% May
16% May
52% May
Jan
Jan
9% Jan
5
Fidel Phen Fire Ins N Y
Firestone Tire & Rubber
'
.
*31%
*109% 109%
'
•.
8
Jan
Jan
8%
39%
11% Jan
23% Jan
33% Jan
No par
2
I per share
3
\ 22% Jan'
No
1,800
>..
.' 36 Va
75 .':;
par
4>/a%
27%.7%
3,100
49
49%
290
*12%
12%
500
55
-55%
A. 900
■"'16%;16%
:71,200
21%-S 21%■>'A>'
270
*13% > 14
. 1,600 -!
1A;
No
Federated
800
v
,
*26%
7%
:
-
;.
,
1
105-
75
31%
3 Va
-'
14Va
2% Jan
♦
No par
300
>
*35%
14
32%-
-
21% Jan
—2.50
Federal-Mogul Corp
:v
1,600
3,600
-r
36.
20:
21%
*21%
-i32%. 32%
' :
*
16%'
16%'
22
>.14
14.
Ai*70
3%:; ;
>
*55
16%
'21%
5
33
3%
..
54%
'>16
•
•
70
32%
3%
.
12%
' '
21%
-14%
70
33
3%
-
15%.;;
'26
17
68%
14
12
3
Corp
'
3 Va
-
8
7% Jan
Federal Motor Truck
5,300
17%
105
*
48%
12%
55
21%-
■
50
54%
55
•
32
'
3 Va
15
24
10% Jan
700
40
\
36.
-
27%
7%
48%
.12%
56'%
7%
7%
*12%'
12%
32'AA.A. 32
32
103% 109% A
109% 109%
v
3%
*0
\4%
70 %
*68%
*26%
7%
•
49
12%
>AA
22
14%
*26% ? 27%
51
*50
16%
: 22
:
1
*109
L-
12%
17%
14%
32%
Jan
Highest
per share
18
51
5
310
106,1- 106/jf
36%
*35%
7%
A;A54%A54%
•
22%
*32
11% Jan
3
5
Federal Min & Smelt Co—
500
-
■■
45%
39%
105
*100
'.
.
5
»45%
ib
19%
19 %
.v;.:.
105
•-'
36 V4
36%
35%
20
106
106
106,5e-
Cleaner
Co
$6 preferred
1.000
20%
5%
17%
18
45
39%
35% iS. 36%
>
2,600
% 210
::
:• 20%
*19%
■"
"
18%
Vacuum
Fairbanks Morse & Co^
r 23.100
16%
-101
5>/4
19%
27%
7%
51%
12%
17
70
3
11% Jan
50
Fajardo Sug Co of Pr Rico
20
Farnsworth Televis'n & Rad Corp.l
Federal Light & Traction
15
1,900
:; ;
13%
19 '/2
105
36%
A A *26%
V
8
*50%
"•(
*22
*68
*36
27%
7%
51%
14%
36
*26%
8
*12%
9% Jan
46% Jan
100
Exchange Buffet Corp—
500
23% ,23%
'
8
4
lnt——No par
Products
Ex-Cell-0
400
20 V2
40%
Eureka
500
3
5%
35%
'>•
19%
A
19%
106 A
104 Va
23
3
45% 'T48
:
36%
19%
104%
""
103
23
40
106 %
:
36%
19%
*102
*26
benef
of
share
9% Jan
par
pref series A
Evans
2,500
*20 Va
V *17%
46 Va
106%
106%;
36%
20%
108
*35%
5%
500
y
:
11
5%
23
40%
11
13
15%
'••
% 97%
18 Va
46'
40%
'•
19%
5»/4
23 Va
7%
7%
v
23%
100%
;' *19%
96 3 8
*1.7%
;...
40%
*106%
36%
*20%
Ctfs
._No
common
Erie & Pitts RR Co
20%
-:
23 Va
v
>
46
40%
106 ,V
*103
3,700
36
35%
15%
20
•
5%: '
96%
23%
96%
*17%
'46
>
46%
'
16,400
82
3
2%
100%
15%
.""100
100
19%
5%
-
96
18
*46%
10%
50%
RR
'
13 Va
5%
24
23
*
3
■
-96
23
22%
22%-
7%
10%
23%
20%
:
5%
"
10%
*76%,
7%
36%
r
20
19%
96
•'Erie
2.300
-
50%
82
10%
■
11
A
2%
•
* ; 100
100
20
7%
7%
7%
13
15%
100%
*23%
10%
23 Va
23%
13%
*5 Ve
*10%: Ml
.
50%
*76%
36%
37%
23%
*19
10%
82
2%
37
20
11%
50%
50%
.50
'. *76%
11%
23%
3
>23%
*100
*10%
10%
10'/a
r
82
11
23%
13% >13%
15%
15%
23%
.:
*76%
7%
11%
*37
50%
11
I per
Lowest
•
f 7%
>2%
io%
50%
y.
r,
11% .11%
*7%
11%
"
50%
"76%
82
"23
>
;
11
10%
' 50%
*"76 Vi
11%
Year 1013
Highest
25
Corp
12% Jan
138
14
Jan
154
Dec
Sep
65
Ja^
10% Nov
12% Jan
20
4
4% Jan
8
2%
Jan
5
Jun
Jan
26
138% Jan
3
81 %
Jan
160%
Jun
6% Jan
3
8% Jan
28
3%
Jan
3
39% Jan
27
25%
Jan
44% Jan 21
46 % Jan
5
44 Va
Dec
12
22%
Feb
28%
Sep
35
Jun
38
Apr
12%
Jan
9%
Jan
18% July
15% Jun
104% Mar
llOVa July
11% Jan
3% Jan
123
33
Jan
27
-...•"
17% May
10% May
41% May
-
50% July
H
*27%
29
*34%"
35%
16% • 16%
*13
*27%
35%
*16
16%
•
35%
35
35
*34
35
*34
35
*16
16%
16
16
*157'a
16 Va
*15%
16 %
400
Hall
13%
100
14%
*13%
14 V»
107%
107 Va
107%
107%
footnotes
see
page
463.
*13%
*107
14%
109
*13%
*107
14Va
109
13 Vs
"107
109
200
80
30
11o
6%
—
preferred class A—
Printing Co—
preferred
28
35
—
Jan
28
28% Jan
Jan
20
36
15% Jan
5
13
Hamilton Watch Co
*13'/a
107%
For
Water
*34%
35%
29
14 V«
*106%
Hackensack
*27%
29
Jan
3
106 Va Jan
6
Jan
5
16% Jan
18
14
Jan
17
-107% Jan
24
f
,7TfIE COMMERCIAL & FINANCIAL
458
$ per share
'*'106 %
t
*16%
16'/a
16 >4
*140 %
*6%
*6 Vs
6%
107 V3
*105
*7'
105
2%
2%
2%
102%
104%
*67%
69
*79%
*19
66 Va
21
*
■
79%
*129 '
19
65%
116%
21
21
*20%
21%
38
38
*37%
38 Va
14
*14
14%
14%
*116
*116
*116
43
'
15%
44 V4
*42%
44
*109
65
7%
25
25
Q
Q
1%
26%
34%
34Va
•'. 13%
■!
26%
1%
26%
•v..
13%
12%
32
33
53
52%
53
52
52%
11
10%
a
•
16%
17
40%
40%
97 V4
97
97
167
*160
*10%
17
'
17
40%
.
97%
*160
11
11
17
40%
40%
■
76%
■
"V *34
113
97
*158
74
7%
•a
7%
7%
7Vt
7
7%
164%
162 Va
*162
164%
72 V4
72%
a
;
162%
73
73
.
72%
170
170
*168
170
169%
8%
7%
*7%
7%
73%
■:va-
97 %
./
71%
72
•
*168
■
6%
161
72%
71%
Inland
2,300
7%
7%
21
Jan
21
20
Jan
3
Jan
7
Kft
lines
<
a.
72
••■•■;
Jan
71
July
Jan
118
Aug
14% Jan
22
25
39% Jan
12
10
14 % Jan
25
•13% Jan > 3
15 % Jan
11
45% Jan
25
1C
36 %
•
7
16%
21% May
25% July
Jan
Jan
'4
28%
Jan
■•7
Jan
12%
Sep
17
Apr
115
39
42% Jan 20
13% Jan
Jun
117
31
Jan
Aug
Sep
July
•
43
Jan
16
Jan
17
58% Jan
25"
44
40% July
17% July
42%
Jan
10
105
Mar
3
54
Jan
;3
108
Jan
3
110% Jan
9%
Jan
45
V
Jan
17
7
10
8% Jan
34
7%
68'A
Nov
9% July
Jan
27
30'A
Jan
41%
Apr
1% Jan
4
5
%
Jan
2%
Jun
Jun
Jan
12
7% dan
4
4%
Jan
10%
27
26 % Jan
11
22'A
Jan
29% Mar
9 'A Jan
5
4%
Jan
1 Va Jan
4
U
Jan
11% July
2% May
6
1% Jan
20
4
25% Jan
10
10% Jan
3
14% Jan
18
25 % Jan
4
36% Jan
18
18%
Jan
100
46
Jan
4
53
Jan
31% May
25
37
Jan
48
8
Jan
13
May
Jan
18
Jan
A 13
May
1
rou
4%
1000
4
17% Jan
41% Jan
3
97% Jan
Jan
par
20
par
109% Jan 27
1
19% July
Nov
44%
15
86%
Nov
100'A
Jan
7
158%
Apr
168
20
5
162
10% Jan 27
7- 7% Jan 28
33% Jan 17
No
11% Jan
32%
11% Jan
4
preferred——^.——,100
16% May
76% Jan
4
Jan
73
Jan
4
14
88% Jan
•>: 8
5
10
161
—100
Corp,—
15
38% Jan
No- par
No
4
Jan
Xl6% Jan
No par
Co———,
27
::r--7% Jan
Jan
Apr
Nov
15%
6%
Jan
Apr
8% July
Jan
38% July
■
12
106
Jan
115
No
' Mar
par
776% Jan
3
8% Jan
21
6
Nov
Interlake Iron
9
No par
Mar
6% Jan
27
7% Jan
11
6
Jan
9%
Jan
5
144%
Jan
73% Jan
5
56%
Jan
Int
3,800
Business
Machines——No par
International
390
A. Preferred
Harvester—
No
160
i,—i——100£
28
71% Jan
par
Jan
7
165 V2 Jan
174
28
173% Jan
12
./
162
177
Jan
Apr
Sep
74%
177
Junr
July
'
2V4
2 Vs
4%
5
*131%
5%
5 Vs
28
28%
.
.
*131%
2
\} 'A:
2
2 'A
2
■
*
16 Vs
16%
'70%
*69
16 %
*69
10,300
16%
1,300
V!
70%
4%
4%
4%
4%
28
27 %
27 Va
27%
27%
16,400
132%
132%
132%
133
*132%
132%
90
14 Vs
14%
13%
14%
13%
14
.13%
14 %
19,700
68 Va
68%
68
68 Va
68
68%
68%
68%
3,100
8
7%
8 Vs
"
:
*7%
8
*7%.
70
70%
71
70%
40 'A
43
*40%
36
36
35%
'
7%
7%
'
-
7%
'8
8
72
72
72
72
4
*39%
42
36
35%
*58%
12%
l2%
12%
12%
60%
*111
12%
12
,
*58%
117
*111
117-
12
35%
61
*58 Va
61
*111
*
42
*40 Vs
*35%
7Q
'70
A-
71%
*16%
17%
17
*16%
350
*42
42 Va
100'"
International
*35%
36
800
International Shoe-
*58%
61
*112
*112
117
60%
12%
13%
12%
13%
13
13 A-
12%
12%
60%
*58
117
13%
12%
13 Vs
5,400
17
12%
91,500
16
29% :
29%
*29%
29%
139
*137
*16%
110
*15
A
*16%
.16%
17%
*15
29%
V
16
29%
29%.:
*137'A 139
*137% 139
16 %
*16%
*109 ie
.*109%
16
*15
*29%
„
139
*137V*
17%
*109%
*15
2,000
*29
*137%
*10918
15%
Mar
67
Jan
3
5% Jan
24
'July
3%
Jan
3
28% Jan
6% May
36% Apr
17
25
Nov
Jan
3
Jan
27
129
Dec
19
14% Jan
5
8%
Jan
67% Jan
12
.69% Jan
15
45%
Jan
24
•8% Jan
7
3%
Jan
74% Jan
42% Jan
12
37%
27
39
July
5
28
Jan
7%
7
35% Jan
50
-
Interstate.Dept StoresPreferred
100
.No
*29%
30%
600
139
*137%
139
$6
Jan
Jun
71% July
44
Apr
38% July
3
63% Jan
10
13% Jan
25
11% Jan
12
13% Jan
17% Jan
25
15
9%
Jan
110% Jan
11
90%
Jan
10%
Jan
18
Jun
27%
Jan
32%
Aprv
Jan
145%
Jan
16% July
34
July
109'/a Aug
92% Sep
136
July
36
16% Jan 27
par
108
Jan
4
16
Jan
Jan
6
29% Jan
Dec
115
July
Jan
6%
19
17
60
Jan
6%
11
138% Jan
preferred—'
5
15
par
Jan
Jan
102%
Island Creek Coal,
No
Dec
Dec
11%
12
29
Intertype Corp,—
30
Jan
July
14%
69%
56% Jan
——100
—:
100
36
138
■
11% Jan
-No par
Telep & Teleg,——.
.No par
Foreign share ctfs,;
15%
13
—100
InternT
15%
Jan
133
4
68% Jan
<39% Jan 13
par
_A'o par
Silver—;
4% May
19
Jan
13% Jan
-No
preferred—.—,,
13%
12%
Salt—.
International
117
*112
v.:
Jan
11%. Jan
55%
130
—100
42%
36
%
■
21
20
4%
-No par
S.%' preferred,;
42%
22
16% Jan
69% Jan
.——100
preferred
conv.
2% Jan
3
13
,—,—15;
Co
36
12%
1,
110
16
—
*15
Paper
4
Jan
26% Jan
._No par
—100
'jJu*
Inter Rys of Cent Am„
"
*109 ¥i
5%
42%
12%
12 %
■
c
36
*58%
'
117
71
Preferred
International
800
...
1% Jan
16 Va Jan
65
3,500
27%
68%
•
—25
—5
4%, preferred——
,100
International Mining Corp, .T—1
Int Nickel of Canada—,
4%
5
-
133
Int Hydro-Elec Sys class A
International -Min &, Chem
,
200
14%
133
*
8 Vs.
16%
69
5
28 Vs
>
2'A
16%
69
14%
.
68 Va
,
A
68 Va
14%'
68 Vs
2%
16%
70%
...
*69
5
*131%
133
% UW
2%
16%
70 Vs
27%
27%
27%
.
.
•'
■
2 %
16%
16%
*69
69
69
2%
2%
,
16%
*16%
v
140
Jan
3
135
16% May
16% May
Jan
;
18% Sep
111% Aug
Jun
:
*14
91
128%
A
*128%
100
*80%
*30
108
"107
89%
128%
100
14%
*29 Vi
"107%
•
90
*88
90%
*80'A
21%
21%
21%
14%
30%
14%
31%
"108
90%
128%
*128%
100
21%
14%. i 14%
*30
90%
90%
128%
•.*80%
:
*107
108
*107
108
*90%
'
14% '14%
30% •31
14%'
30%
30%
*107
128%
128 %
*80%
/
100
"128%
14 >A
30 Va
1.100
30''a
14%
14%
30 Va
900
*107
108
88
129 %
*128%
129%
4 % %
'20%
20%
20%
21 Vs
59
'59%
58%
'
58%
58%
58%
58 Va
58%
58 5s
58%
700
5%
69%
68%
69
69
-
69%
68%
69%
69
69
68%'
69
1,200
5%
*11
11%
11
11
11
' 11%
11 Va
11%
11%
1,200
*10%
*11 Vs
11%
.
&
Jones &
6,000
*58%
*68 Va
*58%
13 % Jan
14% Jan
9%
if.
31% Jan
26
Feb
Jan
•Jan
\ Jan
70
129'A Jan
21
Jan
91
3
128
108
125
Dec
78
86
—100
series A——;
pref series B couv
24
107% Jan 21
Chicago RR stamped—100.
Laughlln Steel.-,
No par
pref
3
30% Jan
—100
V Preferred
10
Joliet
21%
—1
No par
preferred
Johns Manville Corp.,„—No
par
100
*80 'A
*80%, 100
20%
Co
Jewel Tea Co Inc
300
89%
21%
21%
Jarvls (W B)
10
88
108
Aug
: 99% Mar
Jan
3
22'A Jan
11
Aug
19%
Jan
58
A-100
79
20 % Jan
5
59 V4 Jan
26%
II
Apr
54
Nov
65
.
Jan
Apr
100
66% Jan
4
69% Jan
17
64%
Dec
1
82
10% Jan
14
11% Jan
26
Apr
8'A
Jan
12%
Jun
Joy Mfg Co
K
*17%
7%
_7%
*22%
23%
31
31V8
31
20%
20%
,
18%
18%
*110 V' 112%
*13-/4
*103%
18%
*110
Av),;
113%
A'"-
; V
20
20
13%
13 Vs
13%
114
*112
114
*20%
13%
*112
114
30%
31%
30%
30%
30%
31%
19%
19%
*19%
20
19%
19%
33
33
33
*32%
33
*32%
*32%
*4%
4%
55%
.55%
*4 Va
54%
22%
22%
*6%
7V4
*6%
7V4
6%
29%
29%
: 29%
29%
■32%
4%
•
*4% A
4%
*4%
33
5
*4%
4%
V
54%
54%:
54%
55
54%
54%
22%
••
22%
23
22%
23
22%
loo
6%
*6%
;
29.
32%
32%
7%
29
32%
*6%
29
32%
*6%
32%
A
7%
29%
7%
29
Class
B—
———:
320
■
.Kimberly-Clark Corp.,,—No
.
32%
3,000
121
5%
19
18
14% Jan
•'
6
.-7%
5
104
Jan
15
83
Jan
4
19
Jan
24
11%
'
...
A'
Jan
25
21% Jan
14
Jan 21
113
Jan,19
29%
Sep
Nov
17
Sep
115
Dec
•
Feb
Jan
102
/
'
28%
Jan
22
.16% May
26
113
Jan
33
15 Va
25
Jan;;. 4
4% Jan .17
-5%. Jan
58% Jan
Jan^l5
.23% Jan
(
Apr
35% Apr
20 %
1%
3
Jan
:
July
34 A July
*,.6% July
Jan
"r
58.Va July
18%
5
:
;.
34%
,
Jan
24'A
2%
Sep"
Jan
•••'
10%
Apr
6.
28
'54% Jan
22%:
Jan
v-
Jan
6% Jan
25
7% Jan
8
27% Jan
,'.4
30% Jan
28
23Va
Jan)
31% Jan
■
4
Jan
32 V4
11
24 V8
Sep
Feb
32%
Nov
33.
'
-
L
62%
63
29
'
62%
29
.
12%
12%
12%
12%.
29
*12
63
*63
29%
28%
*11%
12%
1
64
63%
29
28%
12%
"64
28%
12
63%
28%
*63 %
63%
28%
12%
*12
12
,
28%
Lambert Co
1,800
(The)
——
*
18
*39
40%
8%
40%
24
24 Vs
8? s
17%
*17Vs
*17
.
24 Vs
9
8%
17%
*39%
40%
,
17%
40%
8%
*17'A
39 Va
:
8%
8%
18
39%
8%
*17%
39%
8%
17%
39%
8%
*17%
17%
*39%
40
8%
8%
■
400
Lane
Lee Rubber & "Tlre——_A
19,800
*113
115
24
115
*114
*114
24
24
.
*114
115
115
'
1
6 %
6
*
1 %
16%
5%
1%
1%
6
5%
1%'
17%"
30%
16%
31%
30%
30%
30%
30%
19
19%
19%
19
19
19
38
38
38
*37 Vs
37%
45%
45%
46
44%
45'A
For
7%
footnotes
see
7%
41
page
7 Vs
41
463.
2,800
2,700
7%
41
.
-
37 Vs
1
37%
37%
37 Va
37%
37%
44%
44%
44%
44%
44%
45
7
40%
7%
41
7
40%
7%
40%
7
*40%
500
700
3,100
-t«v.
-,5
-
'*
S %
.
conv
Lehman
preferred—
Corp
.No
—
7 Va
6.500
Libby McNeill & Llbby
41%
1,100
Life Savers Corp
66% Jan
29% Jan
19'
,.?.'38% Jan.3
8
Jan
3
22% Jan
V
113
.
Jan
V7.;-
'•'4% Jan '
5
15% Jan
14
par
7
.—,3
5
;
Jan
9
24% Jan
1% Jan
18
Jan
5.
,31%
Jan
26
5
•19% Jan
27
;37% Jan
26
38% Jan
11
46
Jan
24
7% Jan
6
24
Jan
6'% Jan
39
Jan
3
3
8
41
Jan
Jun
Jan
19%
Jun
•26%
8 %
•107%
•
•
Jan
39 Va
2%
Dec
9
Jan
20
,5
4
42
Oct
29%
11%
24
6% Jan 21:
■•■
73
Jan
'
24
114% Jan1 V7
16Ta May
Jan
17%
.
7
.18% Jan
t.
9'% Jan
35
"
•-
6
41% Jan .10
■-?
3
1% Jair
29% Jan'
-•18% Jan
6",
50
(The),.
Libbey Owens Ford Glass— No
17
,
14
27
-
par
Lehn & Fink Prod Corp,—:1—"15
Lerner Stores Corp,.—;
.No par
Jan
Jan
28% Jan
»17% Jan
•
par
25
13
3
'
62
'
o^V pre^^rred
Lehigh Valley Coal—
•
2,900
.
—400
Lehigh-.Valley, RR_A—A——. ,AA_'_50
7,000
1%
19
31
40%
5%
30%
30%
.
*16
*
16 %
16
*18%-
■
'
1%
15%
19
7%
1%
1%
16%
30%
40%
5Vs
1%
19
.
1%
1,400
115;
15%
30%
7 Va
5%
*114
1%
19
-'39%
5%
115
24
24
16%
30%
45%
*114
24
1%
*37
.
5%
23%
16%
16%
?18%
.
5%
5%
24
Bryant—
Lehigh Coal & Navigation Co. -No
Lehigh Portland. Cement—
'
23%
.
.No par
-No par
500
•
-11% Jan
,
280
-64%
28%
Laclede Gas Lt Co St LouisLA—100
"5 % preferred^—'—
-A—100
180
.
-
A 24 %
May
Jan
5
20% Jan
32
Apr
17
Jan
32% Jan
,7
Apr
104
19 "4 Jan
;
Sep
Aug
10%
Jan
30% Jan-27/
•
127
Jan
.
19%
>
Dec
14%
17
Jan
<
'.Jan
8%
10
26
112
,r
par
Kresge Dept Stores,,——
i
Kress (S H) &
Co—P——No, par
Kroger Grocery & Bak—
No par
Jan
Dec
Jan
103%
Kinney (G R)" Co———
—1
$5 prior preferred,—-No
par
Kresge..-(S S) ..Co————— ,10:
100
1.900
23% Jan
21
xl2%
V
18
13 Va Jan
.'...-
2,800
v
4
Jan
,Jan
20
.—1
—
;
30 %
32 Vs
'
;; '
22%
29%
32 Vs
%
8
$
Kendall Co $6 pt pfd A——No
par
Kennecott Copper—
14,700
—No par.
-■> Keystone Steel & Wire Co—-No
1,300
par
a."'.
54%
.
17
7
14
.
13% Jan
Kayser; (Julius) &.'Co—'——„J .—5
'■Keith-Albee-Orpheum conv. pfd. .100
Kelsey Hayes Wh'l conv cl A— —1
18% Jan
123% Jan
3
,
19% Jan
.—1
102
.*2,200
114
6.% Jan
conv, preferred—— .100
•
13%
13 %
*112
19
14
123%'Jan
A
A ' 400
21
*20%
20%
13%
4%'non-cun}
5%
113%
*110
xl7% Jan
v
.
preferred——-. .100
KaUfmann Dept. 8tpr.es—1,—
100
800
/
-10
Kan city P & L pf ser B
ANo par
Kansas City Southern,,No par
.
20 Vs
22%
32 Vs
a
18%
18%
18%
2.900
104
*103%
31 Vs
33
29
Kalamazoo Stove & Furn
600
-7'- 100
14%
*13%
14-h
'■
23
*22%
22%
104
~7%
7%'
31
■
-
*123%
~7
20
56
32%
*21%
14%
104
7.
18
17%
31%
22%
32%
;•
•
56
4%
22
20
13%
*112
22%
*4Va
17%
20%-
■
*32%
33
'
*13%
112%
17%
*123%
"7%
7
*103%
19
20
13%
114
20
*32 V2
18 Vs
22
104
"110'
20%
20%
*13%
*112
114
/•'<:
14%
103 Va
*18
111%
*110
13%
13%
*
■
23%
14%'.
15
; 19
21
*20%
*112
18
*123%
;;r7%
*22
104
18%
111%
*110
\
*14
•103%
19%
18 Va
7 %•
*22% '23%
104
18%
"123%
"7%
7%
14%
*13%
*103%
>
*18
*123%
*123%
*
18%
*17%
18%
';
78% July
/
21%
24
112
Jan
9%
24
34% Jan
62
Jun
July
Intercont'l Rubber—
3.900
a 800
169
A
Aug
3% Jan
July
100
—
Co
Interehemical
1.700
7'A
160
59 Va
7'.
7
114
8% Jan 20
1
Insuranshar^s Ctfs Inc
6%
66% Jan
7
July
57% July
24% Jan
100
No par
Inspiration Cons Copper,—
130
V, Jan
'.'71% Jan 11
100
900
73 Va
;.
165%
49
21
No par
Rayon
Steel
Jun
136% Aug
100
20 % Jan
No par
—No par
series A<_
ctfs
Dec
87
A
Dec
13% Jan
5
300
•
34
111
,.'a. 7%
.a,; „.7a,
160:
169
169
Jan
•
7%
6%
160 Va
a
169%
"•
*7 Va
.
:
162 a a:
-66
116
29'A
Jan
37% Jan
No par
100
-12.50
£Ingersoll-Rand—
6 % preferred————
;
1,400
lOVa
111
*
.
3
12
73
128
v
1
preferred—
General
Industrial
,1,300
74 Va
34
110
10
5
Indianapolis Power & Lt„„No par
167
10%
34%
109%
7
6%
■
*34
7%
7%
162
170
'
34%
113
130% Jan
10
preferred series A
RR See
1,700
A 2,200
74
"34%
8 Va
,
uuijuis
440
17
40
97
*110
7%
*162%
7%
'
;
8
•*
11 Va
17
167
*7%
35
*110
8
Leased
39%
.
Jan.-3
5
18
152
7/12% Jan
'■
'
34%
lllVa
•
1,290
97
7%
34%
a
52 Va
*11
10%
A*—.10
20
Idaho Power Co——
500
17
10 V»
Jan
Hupp Motor Car Corp
6 °!o
74
4
Jan
25
100
non-cum
2,200
*158
TOVa
63
115
Hud Bay Min & Sm Ltd——No par
13,300
97
10%
Jan
Hudson Motor Car
13'A
40
A
Jan
Manhattan
&
33%
'
111%
35
lll'/a
111%
7%
7%
7%
*7%
*34%
27
'
74%;:
'..79
128
5
26
5%
6,000
"167
74
10%
10%
*7%:
lVa
97
74%
Aug
21
';'3
700
.3,500
*160
167
74%
10 Va
10%
10%
*10%
75
-75
Apr
172
Jan
"A Jan
81% Jan
7% Jan
52%
•a":
71
Jan
27
64% Jan
13
11%
Jan
31
Hudson
2,100
8%
*39%
17
Jan
Jan
56%
163
preferred
32%
-
'
*74%
••
25%
*26 V3
13
32%
16%
96%
•
26%
12%
40%.
167
26%
7%
-•
*1%
1% :•' a a
1%
93%
Howe Sound Co—.
700
:
8%
32%
16%
'
26%
1%
25
8%
1%
'
1 Va
^6Va'
2t
13%
40%
96%
*
33%
'40%
•
1%
57o
4,600
8 Va
4
3
18
Houston Light & Power Co—No par
Houston Oil of Texas v t c
25
16,800
aa 24 Va
3% May
110% July
Oct
68% Jan
—No par
No par
Household Finance—;
1.100
7%
,33%
8%
10% May
109%
106% Jan
100
Houdaille-Hershey cl A—
.
Class B_
-
30
64 V2
*7%
6%
:-a
:
700
33%
6%
25
Dec
"
109
64%
.1%
8%
2,900
,
34
*1%
Jan
6
6
21
Homesfake Mining—
100
15
32%
1%
24%
43
56 Va
109
7%"
V7%
-
33% a,
6%
8%
*16%
*165
64%
52
12
11%
12 Va
*12
109 V4
64%
33%
51%
50%
50%
50
109 Va
4% Jan
86
.,
26
27
—
144% May
7% May
;
*
14%
<
•
10,400
56%
■
56%
1%
25 %
^6%
•;
,
43%
43 Va
Jan
Sep
18% July
Feb
Jan
Jan
Holly Sugar Corp
7% preferred
*42 Va,
14%
*55
13%
34%
34 Va
V
A
13%
500
3
135
25
107%
63% Jan
102
No par
(Del)
14 V*
Jan
12
Jan
The—
(C E)
Furnace
13 %
27
7 % Jan
23
Hollander & Sons (A)
14%
/.
■
*6%
1%
Holland
Jan
l8
105 % Jan
3
163
cum
800
.
44
14%
7%
32%'
1%
1%
AA 200
6% Jan
5
No par
Hires Co
400
.
28
14
Jan
Highest
# per share
99%
-
6
8
5% Jan
preferred—r_—100
14 Va
142
3
104% Jan
25
14%
43
64%
7%
ft
"7
*8%
26%
*26
•"
14
8
64%
32%
25
v-
1 %
1%
26%
J3%
8
32%
21%
39
2% Jan
106% Jan
16% Jan
$ per share
Jan
-25
Hlnde & Dauch Paper Co
a': *115%
43 Va
*42 V8-
a 109%
*109
64%
1%
9
8%
1%
109%
64%
25
25
,a
■
15
7%
7V4
14%
56%
*6%
1%
7
14%
/a';
14%
1%
1%
45
43
56%
8 Vs
7
*1%
a";
200
21
*20%
6% Jan
—
preferred
Hershey Chocolate
$4 conv. preferred—
A, 100
*37-%
'
14%
-1
Co—
W)
non-cum
6 %
66 Va
1
100
Hercules Powder—
'
43%
*42 Va
42%
15%
32 i-4,
31%
'"
45 %
•
58%
V
65
8
8%
32
32
•
21% -v
39
*115 Va
*109
109%
65 V8
65%
14 Va
200
116
*19
14%
*115
79 Va
138
2
Glass
(G
13
100
Hercules. Motors—,—
130 Va
*64
21
*20 Va
Helme
7%
*114%
,
a...
.
Hazel-Atlas
390
15% Jan
$ per share
12
par
Hayes Mfg Corp
3,200
4,200
*78 (2
66 Va
: v
24 »A
*129
'
*37%
15%
58%
109%
*109
*14'A
20%
39
57
15%
*58
14%.
14%
42%
15%
15%
59
*57%
20%
*14'A
r
43
43 V4
43%
43
*42
•>
14%
14%
14%
14%
(
i*38V4
14%
37%
14
79%
*19
2 VA69
24
116
30
102%
_No
preferred—
Hat Corp of Amer class A
6% % preferred
Hayes Industries Inc
100
105% Jan
No pa*
Year 1913
Lowest
Highest
I per share
Par
6%
100-:
.
'AA; .A
(M A) Co $5 pfd
Harbison-Walk Refrac,,
*163%
130 %
*114 Va
21
21%
*20%
:
*14%
*19
37%
•
2%
102%
23%
*64
'
7.;,
Lowest
,
Hanna
10
V
V2
6
Range sine® January 1
■
,
1,600
"
,
109%
*68%
■}>
•
.'
23
*129
•
65%
*114%
21
69
*78%'
79 Va
66%
*19
21
2% a:
.
103
'"a
130%
115%
115%
*6V4
•,*163%
",*78%
*64
*64
*114% .115 Va
V 117.
2%
16%
,Vv."- *6Va
EXCHANGE.',
200
142
*105
.7%.
102%
23%
23%
130%,
*129
'
*67%
V
*163
24 Vs
79
80
130%
*128%
,66 %
*64%
23%
24%
*79%
80
130 Va
*128 "2
*115
23%
6%
2%
69
16%
105 %
*6%.
.
103'A
*67%
"'"—'/A
*163
*163
25
2%
.102
69
*6 V4
7'A
106 Va
*137
105 %
:
108
*6%
*106V4
142
Range for Previous
STOCK
Shares
16%
16%
NEW YORK
..
the Week
$ per share
106
*137
6%
*6
*105 V»
..
104%
*68 V8
.
*163
24%
108
*6% a 7 %
2%
' '
69'
*68
16%
142
*137
104%
2%
2'/a
105
*105'4
6%
6%
16
142
6%' ..6%
6%
105
105
7%
16%
16 Vs
142
*140% -142
142
106
Sales for
Jan.28
$ per share
106
106
Friday
Jan. 27
$ per share
106 %
*106
106 %
16%
106'A
106%
$ per share
share
per
Thursday
Jan.26
Jan.25
Monday, January 31y 1944
STOCKS
Wednesday
Tuesday
Jan.24
Jan. 23
HIGH SALE PRICES
AND
LOW
Monday
Saturday
CHRONICLE
Oct
29
Jan
Jan
A' Jan
11 Va
Jan
24
Jan
Dec
July
120
July
8'A May
2Va Jun
20% Jun
Jan
32
July
22% Jun
Jan
38%
31
Jan
43 V2
5.
Jan
8%
30
Jan
,14%
23%
41
Dec
Dec
Jun
July
Volume 159
Number 4251
THE COMMERCIAL & FINANCIAL CHRONICLE
459
NEW YORK STOCK RECORD
AND HIGH
LOW
Saturday
Monday
Jan.22
Jan.24
$ per share
71 %
*72
72
t\
.
178
*26%
71%
*70%
72%
>111
39%
40
40
*39%
19%
19%
22%
22%
16%
23
'•/' 59
27 Va
'
40%
38%
39%
38%
39%
39%
39%
39%
39
39
19
19
16%
9%
16%
16%
46%
9%
9%
29%
29%.
'
18%
18%
19%
•
22%
59
46%
.?
2,000
.22%
/
38%
•
'
•
15%
16%
15%
15%
58%
58%
58%-
46%
46%
46V2
46%
9 Va
10%
9Va
9%
*28%
•
29%
i
is
15%
V:
18%
9%
67% Jan
No par
38% Jan
37
Jan
No par
19
Jan
Liquid Carbonic Corp__— —No par
Lockheed Aircraft Corp
2,500
Loew's Inc
1,900
Lone Star Cement Corp_>
No par
—No pat
Long Bell Lumber A_
44
Loose-Wiles
25
28
151
21% • •;•/>; 200
(P) Co
*
-.10
100
preferred
Louisville Gas & El A__,._ —No par
77
Louisville «& Nashville^...
9%'
!
.
29
:
9,600
|.£".
-
U
No
Biscuit
2
*153
18
'
156
;
18%
*153
156 >
,
18
:18%
76%
;
21%
76%
76%
*21 %
.76%
21% '
21%
76%
21%
76
.76%
.
; *21
/
154%
21%
155''
21% ;
•
*.\
77
76%:
75%
18% Iv
18%
.
157 '- ;
*154Va
157? V*
*154
"
*21
•
80
f,;'
2,600
Jun
182% Aug
28% May
Jan
24
24
'Jan
21
34 %
Jan
43
4
12 "a
Jan
213/4 July
21% Jun
Jan
44
May
July
15%
Jan
24
12%
Nov
253,8 Mar
,6
42 %
Jan
64 Va
July
Jan
21
37 Va
Jan
5134
Jan
lOVaJan
25
6%
Nov
11% May
29%'Jan
11
18 Va
Jan
31
Oct
21%
Jun
47
Jan
18% Jan
Jan
155
17
21% Jan
69% Jan
77
3
16%
Oct
148%
Jan
11
153/4
Jan
28
.
Jan
,
.
28
Jan
205/a Jan 12
.100
22%
July
73%
Dec
16% Jan
Jan
'
,3
171
60% Jan
3
17% Jan
7%
62% Nov
25
23% Jan 20
8 % Jan
Lorillard
6,000
"•
71
40% Jan
15% Jan 28
-
500
Highest
I per share
Dec
40
58VaJan
par
62
20% Jan
27
19% Jan 13
8,900
:
21
Jan
27% Jan
No par
—i
21
178
Jan
Lima Locomotive Wks_^_>
2,700
:
71% Jan
174% Jan
27
I per share
72% Jan
25
par
Year 1013
Lowest
t per share
3
100
—No
Lion Oil Refining Co_*_^.
800
;
58% :
•
68 % Jan
Link Belt Co
,'•
46%
*28%
'
;
,
58%
% *
28
'
23
-
Preferred
Lily Tulip Cup Corp
'
;.
46%
:■
9%
28%
22%
15%
'
..
# per share
1,000
'
•
-
19%'
22%
Par
2,400
'38%
*19 -v.
.
22%
.58%
29%
*29
22%
•
■
/■' Series B_.v
30
39%:
•
■
21%
76%
••"'
•'
'
■'
,
Lowest
>
Liggett & Myers Tobacco.
'100
'
23%
58%
,
46%
*19
19%
,"■■■'•'
27 Va
39 Va
22%
59%
•.«.
72
*26%
Range since January 1
1
Highest
'
178%
*26%
*19
46%
18% .'18%:.
154% 154%
*20%
71%
*177%
27 Va
39%
40
16%
■
29%
71%
178 %
*177
*26%
39%
20
9% '
*29 %
40%
22%
'
59%
,
71%
72%
178%
*177
•
27%
••
Range for Previous
STOCK
EXCHANGE
700
"
27%
20
:46%
9%
;
178
27%
40
V:
16%
59%
71%'
72%
178
v
*26%
NEW YORK
Shares
70 Va
.70 Va
for
the Week
# per share
:
71
70
Sales
Jan.28
S per share
70
70
Friday '
Jan. 27
S per snare
71%.
*71%
177
Jan. 26
per share
71%
72%
177
27% 'J?
40 -r''
46
*
STOCKS
Thursday
Wednesday
Jan. 25
S per shore
71%
SALE PRICES
Tuesday
59%
163 Va July
22 % July
Jan
79
July
29
May
tS '"l,i I
•'?
M
Kf 27%
'
27%
-
*26%
^135
35%
35%
.28%
16%
28%
-
*325
,
14%,., 14%
''
.7%
19%
2%
2%
7%;
;
v ?*■
13%
-
:
/'?
14
17%
::
•
•'
6%
39%
*10%
•
'''28%
>
28%
*27
'16'/a
*10% : 12
11%
19%
19%
2%
2%
175
;■
.
*2%
•'V.;6%y
5%'
53%
5%
•"7%
,*103/4
.11%
-
.
5%
39%
21%
6 Va '
;
39%
39%
28%
.
*172
175
•*53
22%
•
175
*172
54
,
5%
.
2%
.
53
;
-
5%
:
'
••22,.
175
'
35
110
34%
*16%
*16
16%
*105
111%
5%
•5%
29%
*15%
?
15%
51
?•?
51
•
:
231/4
23%
10%
*10%
15%
51%
72
>111%
8%
8%
,
*73
86
%
74%
33%
10
10
9%
9%
41
.
?'■>;
41
*27%
28% ?>
*27
28%
28% //?
6%
6%
7
25%
6%
28%
Or.
121%
122
'
*73
*120
,
73%
*107
*110
6%
6%
.No
21%
72%
•
*27%
*107
107%
Jan
13
17
Jan
21
315
Jan
5
15
Nov
Jan
21
315
Nov
8% Jan
8
7
10% Jan
19
12
19% Jan
5
27a Jan
12
3
6-% Jan
:5
12% Jan
5
13% Jan ;27
14% Jan
7
14% Jan
6
7% Jan 17
10% Jan
par
-25
19
Jan
Masonite Corp—.:
Master,. Elec Co
No
par
...1
/
800
/
30
Ry 6%
prior pfd
800
<
Field & Co__*..._ -No .par
(Glenn -L) Co—„
—1
i
Alkali Wks„
Mathiesoh
..No
16% Jan
3
.17% Jan
3
6% Jan
38 Va Jan
Jan
21
7
40
1%
Mar
8%
Jun
12
Sep
Apr
193/4
Jan
4% July
6% July
3Ve
Jan
9
Jan
9%
Jan
X17
July
14%
Dec
24
May
.
3%
18%
Jan
Apr
7%
Jan
21
31% May
27
22
Jun
43 %
28% Jan
25
Jan
24% Mar
320
Jan
6% Jan
14%- Jan
22
;27'
par
334
5
4% Jan
32
3
22% Jan
14
.100
173/
Jan
18
53
Jan
13
.175
-Jan
V 55% Jan
24
..10
No par
.5
Ja n
13
34% Jan
25
7 % preferred...
May. Department Stores-
1,000
Maytag Co
July
; July
27 Va Mar
Jan
19% Nov
,
165
Jan
31;.
5
400
McCrory Stores Corp
5% conv preferred
McGraw Elec C0„.
200
;
McCall
15 '; ;'••;/
McGraw-Hill Pub Co——No par
44,—
100
Jan
176
'-
Aug
Sep
60
McKesson & Robbins Inc
10%
McLellan
6%
8%
•:
Stores
Jan
25
36
Oct
Jan
110
Sep
12%
Jan
Jan
13
17;
Jan
4
28'/2 Jan
28
29% Jan
>
19%
Jan
14% Jan
-
5
15% Jan
21
8'%
Jan
52 !'
11%
Jan
48
Jan
Jan
25
38%
Jan
23% Jan
19
14%
Jan
25%
1
10% Jan
3
10% Jan
'4
6%
Jan
11 %
3
9 Va Jan
15
——100
101
No par
V
8
Jan
82
Jan
Feb
6
Jan
'
20
$6 preferred series A
/ $5.50 pfd ser B w w
No
Jan
25
No par
70
Jan
3
74% Jan
26
60
800
Melville Shoe Corp
1
—..—l
32
Jan
22
34% Jan
.1
27
4
10'4 Jan
20
41 Va Jan
9%
::
*27%
28%,
41
Mengel Co
2,900
28
550
27%
27%
'
1,300
Mesta
Miami
5 %
63/a
6%
2,100
25%
25%
11,400
28%
28%
IfC/t"1,' 300
*27%
(The)-——
1st
conv
Merch &
*120
71%; V.
121%
-72%
107%'';/
107%
*110
>•;
1073/4
8Ve Jan
37
No
Jan
28
Jan
26
27
Jan
3
Midland
6% Jan
Products.—..No par
26
27 Va Jan
-100
Minn-Honeywell. Regu
.-No par
4% conv pfd series B„———100
4%% preferred series C
100
71.% Jan
30
*110
26
107% Jan
103/4
Apr
4%
.
89
Feb
Jan
'
78%
Sep
Feb
3434 July
12% July
Jan
25
25
Jan
'5
23%
Sep
32% Mar
17
26
Jan
34 Va
Apr
Apr
Sep
6% Jan
4
28
1st preferred
cum
Jan,
Sep
115 % Aug
% Jan
27
13
116 Va Jan
8%
67%
Jun
29% Jan
29
3
25V8 Jan
Petroleum——10
V;
800
86
4
par
Copper-/——5
Steel
4
5
Co
Co
Mid-Continent
30
72'4
:
par
preferred——50
Mln Trans
Machine
Oct
29
Sep
16% May
50% Apr
3
380
9%
113%
14
32 24
41-
22% Aug
17% Sep
Jan
74
;;
7% May
22% Jan
Co.
preferred—
conv
?
Jan
Feb
100
18
Mead Corp
700
22
2%
21%
3
104
•
-1
Mclntyre Porcupine Mines
1,300
5
Jail
86
121%
*107
.107%
16
5
12
110
1100
w w
600
'
*110
L..—1
5% Jan
35% Jan
Jan 21
1934 Jan
51
6%
71%
107
Corp—
'
72'
'■*107
000
300
16%
32
25 %
28%
par
No par
22% iv:
s
27%
*120;
..No
S6 1st cum preferred
VI11%
%,:
i
preferred—
$3
../■■
■4/74';:.
;
41
.
200
:
%:::/: 21 %>
*8%
V
; 9%
9'%
6%
28%
71%
*110
,
16
315
*84 .-J
25%
,:
122%'
*120
72-%
iJan
par
*111% 113%
74%
*27%
25%
123
10
No
St
10%
;
8%
41
6%
25%
27%
107%
,
*110
Bros
22%
86
27%
25%
*120
73
»•:
28
28
6 %:
•
3
Martin-Parry Corp_.__rf._
/
34»/4
*50
%'•.-:•:
113
74
9%
•
; * 14
103/a
*80
41
25%
>:
123
72%
107%
*107
6%
29
Jan
Martin
600
28% ; 29
H*32"; •33%;
/": 41 %
28%
*27%
28%
26%
*28 7?
10 3/8
84%
9V4
;
28% : 28 %
28V4
25%
26%
9%
15
Jan
aoo
5%
16%
;
22%',,22%
74%
::*2?.;./
28%
28%
•;<
33%
41 %
12
30% July
15% Dec
Market.
53%
*105
*14% ? 15"
*50 : V 50%
*8Va
33
.21
16%
*111 Va
74%
41
Jan
Marshall
900
175
ri
*33%
.
29%
8%
v
74%
9%
41
19%
/
6,400 I
5,100
/;
*106% 110
22%;
*29
113%
8%
84%
33%
*33
8
2% Jan 19
28% :-
>5
;
111%'
*105
10%
86
74%
33%
41
8%
86
.
■
22%
10%
8%
Jan
6 Va Jan
:-
39%
*172
110
7
16 Va
.;;•
.
51%
22%
10%
32
*27%
51. •'•
113%
■
:
52
10%
72
:
16%
29%
15%
*14%
*118 Va
*84
29
4,900
17% /
" /"-533/4
34%:
106 %
*21%
.;•;
111%
29%
23%
*22%
■
;
10%
86
32 '
■?:
*16%
*15 ;>
;v
21%
*105
29%
'
:>■
16
111%
*111% 113%
,
V
9
:
*84%
f.
*
110
21%
29%
51%
23V:
.
113%
9
15%.
51%
10%
*112%
>■
16
29%
Jun
3
.
.-5
-
*27'/4
'5%
;*33'%.
33%
*106%
22
*105
29%
15%
?
* 33 %
.
110 '
21%
37%
'
■
34%
*106%
v
: 16%
k 111%
*105
/
*29%
34%
•
110
21%;; 21%
;•
.
•
34%
*106%
21%
*21%
Jan
14
:..i
Marine
'
*34%
*106 %
Nov
28
2,720
'
13%
•
*39;;;:
:
53%
5%
138%
5
.„1
"21%':i 213/4 :••;
f;
:.
:
53
July
Jan
:-50
CO—_
Jan
133
•36
.-10
RR
20%
138
27
Maracaibo Oil Exploration
Midland Corp—
-15,100
;>5%' .5%
39%
*172
;
>
53
27% Jan
Manhattan Shirt—
1,000
r:
-C
■-/ 13%
13
28% 4
*21%
"
' 5%
400
6%
•17.
.
534
r
; 28
28%
*21%
Wk 5%
•; 39%
•27% Jan 20
Jan 17
Jan*17
34 Va Jan
Sugar Co
Mandel
■
6%
>13%
•
.17
138?,
for
.No par
.No par
—...
Madison Square Garden
Manati
3,600
•
19%
*2%
v
13%
16%
•
26% Jan 14
.
.100
No
...
•
;l3 Va
v' 13%-
14 ;:
17%
•
27%.
21%
12%
13%
13%
'
'
„10
%.
/; 800 / Magma Copper
Mahoning/Coal
400
.•"•: " 7%
'
,2%;.'.;
o % •'"•;
•
16%
-
21.:'!
53%
5%
<
Forbes
&
preferred
Mack Trucks Inc
Macy (R'H) Co Inc
700;
16%
19%;/; •■;>i93/4:
6%
-
12%
14%-.
v6
?'•■■/ 22%.
'-n5/.i.V175:^':c,
53%
53%;
2,100
14%.;
*16;
t*320
J
.
'
*172
-.'.14%
V 400 ;
''7% ••'"•7%
*10%
29 '
'
:
*320
:
*18%
*13%., 14
17-,.; 17%.-:
;
.
29
MacAndrews
/'•, 6%
1
2,800
■
'
*•'
11 % ••
39%
27%
f
100;;
:
'
34% /
4
13 %
:
39%
;
"
.; *22
v
16
/ ' 400
7%
7%'
;
28
"34%
•
14%
14%
*320
;
•
14%
*14%
2 %,/,'■ ,2%':,.::
6%?-7.6%;
■;
6% ;%• ;?
39%
27%
f
34%
19%
.
*18%
■
13%;.: 14% ,
13%;. 14 ..>
'>■}% 6
■
21%
*27
*135"'
34%
'
"•
i7%;fi7% >/
-
■
39%?'.
;-i-
21%
'•••;
28%
,'.16%
7%.'.
,400
'•> V 7%v
■
'
14%
•
"
*27
35-:'r"'
•'
28%
'■?
7%16% /•
*320
•
6% ?:V6
;
6%
'
28
*26%
*135
'
v
34% :
28% :
*14%
2%:,.-2%;
.
•<
17%
;8
*18%.
•-
13%
-; 13%'
/A
*10%,, 11%
I 19%
;
6%
-28%.
.
*320 % 400 '
7
-'*18%
+
35%
*16
>
'
12?
6%
28%-
V
V
400
*
7% ■
*10%.
35
-28
*26%
*135
'
:
-
•
14%
16%
"
*26%-28
^135'!'!?-^^:/,'
35%,; 35%
28%
*14%
•
28
«
*135 f
42
July
5
5%
Jan
93/a
4
% Jan
18%
Jan
303a
31%
29% Jan
5
20'a
Jan
Jan
22'
106 Va
Jan
75% Jan
12
58
7
107
Feb
110
107
Nov
113%
Feb
3
Jan
8%
Jun
122
108
Jan
Feb
Jun
128
76 34
July
May
Apr
'
'
6%
6%
95%
6%
96%
96%
18%
95%
-19
18%
'
6%
19
6%
96%'
6%
96 Va
*18%
"6%
95
"
19
94'4
18%
,,
18%
2%.
6%'
6%
94 V4
95
18%
19
6%
2%
6%
*94%
96
*18%
4,500
19
'■!
2%
9%
'2%
9%
9%
■
2%
9%
2%
'
■
*31
32
*79
80
*31%
117
*109
:45%
.
79%
45%
*36
GOO
117%
110
110
457/a
*35%
•
30%
45%
39
*78
45%
116%
79%
24%
23 v8
23%
17%
16%
17%
16%
16 3/4
18%
18%
:vh 18%
27%
27%-
18%
18%
27%
•27%";
V
93 % Jan
;
19
13
74%
*73%
21%
75
*114
'V"
.
?
:
*35%
23%
23%
16'V4
16%
23
16%
18%
27%
45
18%
18Va
27 >A
r.;
48
>
9%
*27
72 %
/
45%
64%
Jan
98
4
96% Jan
19% Jan
25
18 Vs Jan
10
13 V8
Jan
25
2% Jan
3
2% Jan
5
8Ve Jan
%
3%
Jan
preferred series A—.—100
Mohawk Carpet Mills
20
Monsanto
...
——
$4.50
Chemical
par
;
10
3
Jan
5
Co—
July"
July
3% Mar
Jan
11%
Apr
29
Jan
3
32
Jan
25
17%
Jan
30%
Nov
.77
-10
Jan
4
81
Jan
18
75%
D.ec
92''a
Jun
preferred—A..—-No par
Jan
116% Jan
18
_No
par
115
Jan
27
preferred series C——.No
Montgomery Ward & Co— .No
Morrell (John) & Co
.No
par
107% Jan
'5
par
44% Jan
27
par
35% Jan 11
35s/e Jan
21V4 Jan
25 y4 Jan
22
17
9
130
Preferred series B
130
$4
7,300
38%
25
27%
Morris
18.910
•
16%
27 Vs
;
/
,
18% V18% V
27%
'
9
9%
;
Motor
Wheel
Mueller
900
.
& .Essex-———.——50
Motor Products Corp—
1,500
1,700
;
.No par
—5
Corp———
:
24
113
Dec
119
117% Jan
14
116%
Dec
121
110
21
106 V2
Nov
5
33%
Jan
11
31%
Jan
39 %
Oct
13
Jan
27%
Jun
Va
Jan
17
Jun
117
30
21%'
*73
75%
115
*114%
.9
115
9
47%
/
-•■
15 Va Jan
•
9%
*47
4%%
2,400
4
18% Jan
1634 Jan
,18% Jan 17
11 Va
26% Jan
'29
4% Jan.
..Mar
50
July
Jan
18%
Jan
18
21 Va
Jan
31
Mar
21
2%
Jan
7
Jun
Apr
53
Jan
77
Jun
25
15
Jan
23%
Jun
Jan
6
62
Apr
79%
Sep
13
114% Jan
3
111.
July
8% Jan
3
9% Jan
15
5%
Jan
Aug
11% July
43% Jan
er
47% Jan
17
34%
Jan
44
% Jan
10
74% Jan
22
17
21% Jan
26
76
.100
112% Jan
.—>-10
& Bro—— ..No par
preferred--
Myers tF E)
Jan,
2034 Jan
.No, par
.No
/
Apr
114% Aug
5% Jan
Jan
—
Murray Corp of America
47%,
72
i.v__—..*- .No par
Munsingwear Inc
Murphy Co (G C)
.;10
47% Jan
4
1
...
/ ' $7 preferred
100
,»"/100
■
Jan
1
Co_——
Brass
Mullins Mfg Co class B—
1,900
74
74
*20%.
75%
*47
47%
;5:
5% ;
21%
*114Va
■/v. 8%
"••
*4%
73%;
*20%
*73
115
*46
43/4
73 %
21%
74 /;
*114%
48
4%
75%
74
.
•".; 114
*46%
5
*20%
X
75
;'w.'9'-:;:
48
*46%
21%
114
.
*
75%
21%
*73%
117
4%
5%
*73%
75
*114
» 9%
9%
9%
*46%
21%
;> *74%.
117
5
75%
*21%
74%
*21%
"■74%
5%
5%
5
—10
—
——
'
5%
5%.
1
6% Jan
'
38%
/
18%
-No
6% Jan
..No par
30
.
no
45%
:
28
preferred
Corp
7%
1,200
117 v;. /
110
44%
384
23%
18%
Impl—
Mo-Kan-Texas RR
v/: 900
,,
116
'116
•' 112
*35%
*35%
24%
27%
"
Mission
i 16,000
30%
*115%
m-"
:•
*110
17
17%
$6.50
1.400
;
10
78%
/:
'
*17
9%
*30%
79%
,
115
•
V
24
25%
9%
2%
./
116%
.*116
110
45%
39
30%
2%
V
■
117%
■
;.
8%
;
30%
*116%
*116
39
30%
79
-
;
9%
:
,
A
109%
46
24%
32
80
*117
109%
110"
45%
31%
117
.
*116 ?■?• 117%
117
*35%:
9
79%
80
;/ c:ii7.
*109%
32%
80
.
*117
9%
'2%
2%:
9%
:■
2%
Moline Power
2,300
,
"
'.2%
:
Minn
74
par
117
Feb
N
*15 Ve
12%;
12%
12
32%;
32%
31%
317/a
31'%
15%
;.;:15%
15%
15 V8
15%.
15%
10
11%;
11
11
11
31%
31
31%
*15 Va
13%
10
11
11%
11
10 3/4
10%
10%
9%
22
:,•
934
*18%
9 %
8%
8%
19
21%
12%"?
28%
28%
28%
12%
12%
12 5/8
"12%
11%
*11%
31%
12%
13%
31%
*11%
11%
11%
20%-
;
13%
20 %
11%
20%':
.
.
12
*11%
*11%
12
"/•
"■
12 Va
20
'
13%:
:
1234
*11%
20%
"
13%
'
12-
11%
20
13%; 13%
'
29
'
13%
11%
113/4
.*1134
"? 305/p
'
31%*
27%
*26%
31% '*
26 ■
•
■
'r 30%
31%"
30%
/
i\: -26 i!*-' 26
"'26%; -'26%
«•
31%
31%'
26
263/4
:
v
31%;-
263'4 ' -
i 9
:
9%
*90"
■■
%
90%?;
90%
19%-
19 %
19%' -19%
-1:-
6%
'<
6V4' L;
12%
•
6 %1
-•
l2Va> -13"
26% v26%
■
86
83
"S
•'•87
%
{'••
"
*143
.:
12%'-'-12%;
26%
"•
83 %"
29%' .29%'
•'
'*5%
5%
,
9 %
•; 5%..-;;
9%
.
"
82%
V4
'•
6"
V 12%-
•
-
6
•;;
.'
•,i>5% >. r'-h
v;
5%-
•5%'.
•'
■
v9%
...
9%
; 6 ;
14%
24
14%
.
•f
14%-: -14%;'.
*56%
110
24
*23V4
24. Va
98%
-
*97
98%
59
110
v ,•
*56%" 59«•
*108
110
*14%
v
*97
.
M.'
98 3/8
58%
,58%
*108
-
145/a 1
23%
23%
•
•
110
*•
;i2%
:
'*5%
82
*-
..
87%
5%'.
.
:
v 25%
•'"
93/a
9 V4
9%
14
235/a
*96
*57'
110
14%'
14
v
'
2,900
'■
560
60
...
14%
-23%
*225/a
23%
983/a
*96 %
9834
*14
19
29%
Sep
Jan
11%
Jun
903/a Nov
14
Jan
168% Jan
3
160
Jan
178% July
Jan
2
137
Jan
150
Jun
6
1934 Jan
24
14%
Jan
.22
May
4
30% Jan
11
27
Nov
Jan;' 7
166
Jan
141
Jan?18
18% Jan
29
—r~4
Jan-
13
144
>
59
*57
110
*108
110
59
*56%
*108
59
7
Jam 19
13 %■ Jan
•
26% Jan
12>
.
25% Jan
28
79% Jan
4
5
20%
36.
Dec
52
Jan
7%
Jan
Jan
64 Va
-
Jan
21
14%;
Jan
28 Va
Jun
Jan
13
57
Jan
80%
Jun
24
62
Jan
88
Jun
23A
Jan
6
Jan
7% May
10% Apr
9 Va
Jan
84
14
Nehi Corp
——No par
-1
13% Jan
serial preferred—100
96>/2 Jan
>
Neisner Bros Inc..—.
22
Jun
5%
July
15% May
87% Jan
83 % Jam
lOVa Jan
...
234
;5
60% Jan
9% Jan
100
50-
28-%
28% '
18
18
14%
14%:
14'A
143/a
14%
14%
14 Va
14%
14%
14%
3,800
Va
6,700
:
'
100%
6% Jan
3
——No par
434%
110
18
100%
5% Jan 27
58%, Jan
'
Natomasr Co
300
29
100 %
Corp.——A——25
National Supply (The) Pa.—-—10
: $2 corlv preferred——i
40
5Va%' prior preferred.
_i-100
6% prior preferred——
100
2,200
1,300 •
17%
5
Dec
'■
7
98%
29
463.
20 Va Jan
Sep
Dec
Jan
6
24
6% Jan
24%
18%
page
National Oil Products Co
Jan
15%
12
36
70%
Jan
5 Va Jan
14%
.
29%
see
.
National Lead CO----—
>-10
1% preferred A
—-——100
: 6% preferred B>—:4.i.——100
'
173/4
footnotes
,
10
92% Jan
National' Tea Co——..—No par
*96%
29
100%
v
*23
'
18%
For
-
17%
,27 % Jan
Jan
15% Jan
Jan
6
Jan
22
16
Jan
19% July
25% Oct
96% Jan
12
74%
Jan
98%
58 % Jan
25
37
Jan
24
"
29%'
99%
'»
9 % Mar
X25%
2,100
■
9%
I8V4
100 Va
Y
'
"*9Va
29%"
'
Jan
'
18%-. 18%
14%
87% Jan: 11
National Power. & Lt_—.—No-par
-
82%"
86% '.
'5% '-'
4
9%
"
"•
26%
82;,
86%
•'•■;-•.*534-
29%: •30
100
Jan
3
'
14% May
21% July
Jan
6%
25
*
13% Aug
9%
Jan
.\jt
29 %
14%
9% Jan
•.
Sep
Dec
Jan
Nov
'
preferred——Nonpar
National Steel
6,800 tT.
18
99%
5
26 '
•
Stamping—No par.
—-I
Sep
Jun
10%
18 Va
11% Jan
conv
July
1034
32% Jan
$4.50
21%
Jan
114% Jan
5
9,000
•
29%
■
t.
'
18
14%
26?
19
3,800
59%/
M2%
"
'
26V4j
81%
*86%
87%
*86%
5%'- -,53/4
:// 59 V :
29%
*98
3
13 % Jan
Nat Mall >& Si'l Cast Co.—.No per
2,700
6Vf'.
;s%
/
•-59..
26
26%
82
-
-
*97
10 V.
300
12 Va Jan
23
176
20% Jan
25
19% Jan:
National Gypsum Co—
250 i
5%
13% July
jan
Jan
1634 Nov
24
11% Jan
1
7,900 /
;
.
5 %'
.12
12%
82
"
59
593/4
26%
4
■
87% u"87>:%;
yi>»,
9%
160
Jan
30% Jan
Nat Enam &
400
i.
162
29% Jan 13
?13
Va
1534
12
preferred—.———j—10
6%
3,400
92 "
■
•
9%>
;
Jan
Dec
■
26V4
•
82%
87% '
27
..,9%
9 Va
92
'.167/'
143%
,
'
*85
/
92 '
vV '19% >:>>l.9%
19% ;.
167%
168 r V?
\ ' 168
144 ;/
! *142% 144. /;
*19
?• 19 Va „:;:;'>19%
19% >
29% ;:29%
:-'v 29% / 29;% "
19%
168 ' ;
19%>
195/a
166'%'-167'%' >■;
;
••
"
; f 19
19%
*167%
"
59%
26%-: 26%
'
83 «-%
82%
*90%
8
19
.3
11% Jan
Co..—-—I
Dairy Products.—...—No. par
M
••-.<*29«'-"''3tt.'*"J'";
V* v^6V8-«:'"6'V8'■"
6V«'-
:V;a5''a
9%
:.
•:
11 % July
12 Va July
Nat Distillers Products——i-No par
100
/; 8,500
,
■
•
92
Nat
National Dept Stores——No pa*
>
59% •. 59%
'■
13%
9%
*90%
,;'19%
*29 i->' 30%-
k
59%- *. 59%
9%
v
>19%''. /19%V«
30% 'v
*29V4'
92
V-*142%-144V".'- "'143%
">
' 167-%
*166^2
*140%V l'42i
■
9%
;
%^
.,
National Cylinder Gas
/
f.
19% >3 r
19%i
'
V
9%
i- *90
r;'r
,A
166%' 166% "
*140%"; 142 ""
;
9%
92'%
11%",
31% 1
*26%.
•
9%
.
1,400
Apr
Jan
Feb
9 Va Jan
6
1,400
19%
5%
8%
19 '4 Jan
12% Jan:17
4,100
13
18% Jan 18
Share
28% Jan
11%
17
18
18
National Container—:——1
13% ;
Apr
.
28
1,300
20%
/
Jun
40%
Jan
2,700
v-
&
15 %
Jan
i22
3
Bond
Jan
168 Va Jan
Jan.
8% Jan
Nat
Feb
6%
23 %
;
11 Va Jan
20% Jan
168
-100
:
l3i
5
18
11% Jan 20
Jan
9% Jan
—5
Corp;
preferred.
9
1034 Jan,
Biscuit Co.———...10
National
7%
v"
% Nov
12% Jan
32% Jan
,15% Jan
.40% Jan
5
13% Jan
—1
preferred—.——10
conv
Jan
Corp—.No par
National Can Corp.
—1C
Nat.Cash Register...——:._No par
11%
13%
'
6%
28'
.....1
Co
Acme
Nat Automotive Fibres Inc
19
11% Jan 13
&
National' Aviation
•
100 V
20
'2OV4
13%
19 '
Chatt
National
.
100
29%
29%
12%
*12%
6,200
12 3/4
29%
13
-*20%
2,400
168 V2 "'
28%
28%'
12
V.
900
5,400
12%
13%
11
2134 :o
10%
21%
168%
.
6,300.:
-
8%
28%-
20%
1,100
10%
834
12%
13%
Nashville
*18%
28%
12
r.
18%
*28%
20%
270
No par
Corp—
.*.--5
St. Louis—100
Nash-Kelvinator
8% ,'8%
*12%
.
.•'
V
9%'A.i
10 34
170
18%
15%
9%
:
.
10%
213%
18%
15 Va
■
31%
12,400
,
Jan
Nabco Liquidating Co—
900
••
12%
30%
11
*168
170
*168
8%
*18%
8%
213/4
22
170
>
10
9%
12
.
15V4,:-"
*10%
21%
%
12 Va
11%
*168
19
87/a»
9
9
21%
%
12
10%
:
170
*18%
18%
*17%:
/
21%
••'.:■••••%•
10
U
*168
170
%
12%
.
11%
•
11%
*11%
21%
21%
*168
10
9%'
10
•
•v
7a
•
12%
11%
'=•
:';*%.
12%
32%'
*32%
\
%
-
%
12% '■)
12%
100%
100 '/a
100 Va
5,600
1,000
conv
Newberry Co (J J)——.—No par
5% preferred series A.
100
Newmont Mining Corp.
—10
Newport Industries
—1
Newport News Ship &
*5 conv orefprred
Dry Dock—1
No nn*
12
56
Jan
4
110
Jan
22
28
11.0
Jan
22
106% Mar*
Nov
57% Sep
114
Aug
Jan
19
30% Jan
8
26%
Jan
37%
16% Jan
12
18% Jan
5
10 Va
Jan
19%
13 J/4 Jan
3
14% Jan
28
12
Dec
21% Mar
94%
Nov
97
-an
5
•
102
Apr
Oct
Mav
THE COMMERCIAL & FINANCIAL CHRONICLE
460
NEW YORK STOCK
I
I per
per share
38
V
Jan.24
Jan.22
*37%
38
I per
share
38
38
38
*
share
Thursday
*37
38
J. 37%
\
17%
17%
17%
17%
16%
17%
16%
16%
16%
17%
22
22 V8
*21%
21'/a
21
21
20%
20%
20%
70%
25
13
——
70
67%
68Va
69
69%
24%
24%
24%
24%
24%
12
12
11%
11%
11%
11%
33%
30Va
31 %
*29Va
*12
31
*31 Va
33
'
*30%
135
132
131 Va
131
135
*132
135
x„
'
*123
68
24%
13
12 Va
Va
31
131
*129
70%
24%
25
11
30%
30 Vz
69%
24%
*
■
—
<
1
140
,•
*%
*%
15%
U
15 Va
15%
3/4
15%
•
189
189
121.
'V
.
*i°<i
15%
15 Va
15%
15%
35
35
35%
♦120
*120
16 Va
16 Va
16%
16%
53
52%
52%
52
52
52 3A
523/4
*52 Va
53
51%
52'/a
8%
16%
Va
*52%
*51%
52 Va
51%
8%
101
*100
101
*100
101
8%
9 Va
8%
9
8%
16
8%
8%
16%
*52%
*51 %
52 Va
8%
8%
101
*100
.
60
21,500
»
53
8%
420
:
'
j
15%
14%
*112%
*113
113%
18
18%
18
*113
5
14
112%
5Ve
*41
41%
41%
2,000
15
18%
18%
18%
18%
18%
38%
39
37%.
37%
*37 Va
15'/a
'
18%
183/s
467/a
9%
46%
*
102 %
104 %
*102%
42
15%
15 Va
18%
18%
17%
46%
/9%
10
*104%
1043/4
105
104%
v"'
18
48
48%
10*
10 Vz
10'A
*103%
//
'
93^
9%
19%
19%
*150 Va
*9
9%
19 Va
19%
09
*34
65 Va
V
,66
*64
152
*34
36%
66
*64
58%
x57%
57%
113/4
vy. 11%
9%
*9%
59%//::
58%'
*11%
11%
113/4
93/8
9 Va
9%
*11 Va
11%
11%
U3/4
9 Va
9 Va
9 Va
9%
*44 Ve
21
*20 Va
16
48
*13%
47
*44%
-.
21
16
*13%
20%
16
i
45
44
21
20'/a
;
/
*13%
21
/yv 9 Va
*44
20%
*13%
16
11%
9%
45
30%
30%
30%
30%
303/4
30%
30%
41%
*41%
42'A
41%
41%
41%
41%
*26%
267/e
26%
26%
26%
26%
*119
13 Va
13 Va
'
3%
33/4
9 Va
13%
3%
30%
9%
9%
23%
71%
1%
13/4
1%
1%
13/4
29%
29%
29%
29%
18%
19
*18 3/4
19 Va
6
*5%
6
18%
*55%
6
■
6%
6
18%
18%
18%
19
58
57
96
6
5%
'
193/4
573/4
57%
/■
95
953/4
95 %
14 »/a
14%
14%
11
11
10 Va
10%
10%
10 Va
*10%
23/4
2%
39 Va
17%
17%
173/4
"*110%
28
*22
23
*22 Ve
57 V4
2%
2%
38 Va
38%
28
27%
.
23
173/4
18%
18%
*110%
57
27%
9 %
21
22 Ve
22
22
56%
563/4
273/8
*22
563A
18%
273/4
22%
56%
*5%
6
>;■■■/
9%
9%
9%
9>/e
8
8
45%
46
46
*43
21%
21
21%
21'/a
21 Va
21
21 Ve
20%
21 Va
21%
v
8
:
49 Va
503/a
*49%
953/4
94%
94%
20%
20%
20%
20%
20'A'
24%
24%
243/4
24%
24%
27%
27%
27%
28
27%
85
85
84 Va
84%
84
*107 Va
108 %
108
50%
50%
8
10%
lOVe
10 Ve
25
*98
*146
:
5 Va
5%
120
5%
65%
64 Va
7%
7%
7%
*69%
70%
70%
13%
13%
13
7%
*12
*95
108
108
114%
12%
100
*95
73/8
*70 Ve
12%
*90
10
10
*10Ve
103/8'
147
a146
14612
146%
1467/8 i
243/4
24 3A
700
120
*96%
73/a
72
75
*74
75
57
*119
57%
120
1134
11%
*11%
12
31
9%
11 %
*11%
37
57
x57
*119
18%
*19%
37%
56%
119%
13%
13%
13%
14
94Va
,
95
94%.
95
,
119%
13%
94
74
18%
*89
4%
8%
98
*183%
5
*8Ve
*89
11%
11%
8%
863/4
18%
9 Ve
11%
8% V
4,700
14% Jan
>
.
24
9
Jan
17'/a July
4
:
Jan
17
105 %
Jan
7
2
Jan
.
,
par
45
Jan
103
1
573AJan.l8
1% Jan
25
5
4% Jan
11%
4
Jan
55 'A •'
62 Va f
>14%,
3,250
60
,.-900
74
18%
20
9%
11%
*69
18%
*19'A
*9 Va
11%
1,500
8%
88
t
45%
1
July
30
July
17%
Jan
1%
Jan
Jan
32
v.; 19% Jan
11
16
Jan
19 Ve
6% Jan
13
1%
27
16%
24
51%
2%
Dec
-
58
18
97% Jan
5
80:
143/4 Jan
7
13
60% Mar
Nov
9% Jan
3
11 Ve Jan
18
par
2'A Jan
10
2% Jan
38 % Jan
5
Jan
19
V
Jan
12
31/4
100%
24
13A
33%
Jan
18 % Jan
9%
Jan
15
18%
,
900
,
74
9%
:
11% t
12
*11
12
*11%
—100
36
*36
37
57
56%
56%
56%
56%
119%
14
119
119
*1183/4
13%
13%
133/4
94 Va
94%
119
94%
105%
*115Va
116%
*115%
116%
116%
116%
*117%
118
117%
117%
*117 %
117V4
•117%
38%
39%
383/4
39%
38%
56%
119
56%
119
5,600
12,900
95 Ve
2,140
1,210
1013/8
100%
100%
1003/fl
100 %
106 3/4
107
107
107
107
116%
39%
116%
50;
14 Va
100%
118
1,700
133/4
106 Ve
116
600
94'/a
13%
116%
118
•117%
118
*1173/8
383/8
39
38 Va
118
118
39%
330
110
100
22,500
Jan
Jan
10
108 V4
Jun
'28
„Jan
23
23%
Jan
32 V8
Apr
15
23% Jan
5
17%
Feb
24%
Sep
46%
61%
July
73/a
Seo
Jan
57 % Jan
11
6
6 3/8 Jan
18
13/4
27
52% Jan
6
28 Va
Jan
10% Jan
3
14% Jan
14
5%
Jan
4
60
Jan
14
34 Ve
Feb
41
Jan
11
19
Jan
413/4 May
26% Jan
8
23
4 Feb
26% May
10% July
26
5
Jan
26
No
8% Jan
par
1
45
r
Jan
8%
Jun
3
par
No
88% Jan
5
96% Jan
21
68 Vz
Jan
91%
Sep
par
20% Jan
26
21% Jan
3
18 3A
Aug
22
Dec
24%
Oct
25%
Sep
,j
24
Jan
3
25
Jan
118
118
20
Nov
37
27
Jan
293/a Mar
,
X51%
Jan
28
Jan
3
28% Jan
15
83% Jan
3
85
Jan
5
107% Jan
13
109% Jan
5
104%
Nov
113
114
11
114% Jan
17
109%
Jan
ll73/4
Sep
28
24% Jan
—10
No par
Jan
133/4
71
Jan
26%
,
Feb
90%
Jun
Jun
July
Jun
il3A jan
3
13
Jan
4
73/4
x98
Jan
19
104
Jan
3
79%
Jan
45
Jan
13
47
Jan
5
42%
Nov
10
Jan
3
.11% Jan
7
3%
Jan
'10%
100
146% Jan
3
146% Jan
28
70
Jan
•146 HJ
Dec
—25
233/4 Jan
6
18%
Jan
26
May
Jan
102
Jan
_100
—No par
Hosiery
-
'
-5
—_—
-100
*
100
100
-j.
No par
-
__;
—
"
5% Jan
22
3%
Feb
73/8 May
13
65% Jan
10
34%
Jan
683A Dec
7% Jan
69
4
—
Jan
17
5
71 % Jan
24
59
4
164% Jan
'
8
3
Jan
11% Jan'
13% Jan 21
25
168
Pressed Steel Car Co Inc_i._——1
1st preferred
conv
2d preferred™.
—5
Jan
4%
Jan
10
59%
Jan
10% May
90
July
Jan
.52% May
99
3
No
par
of Feb 1 '29)
-100
Pub Serv Corp of N J—
No par
$5 preferred
.—'No'par
6% preferred—:
—
100
7% preferred
100
8% preferred:
-100
Pub Ser El & Gas pfd $5
-No' par
iser
No par
Jan
61% Jan
10
24
Jan
10
56
64
14% Jan 22
#7%
150%
13A
—
25.
10% Jan
10
90.
74
Jan
3
74%,Jan
,
-5
Jan
•
Aug
6%
Dec
75
Jan
Mar
168
Jan 4
,
Nov
;10%
29
Jan
92
Jan
74 %
14% Jan
18
10% Jan 15
4
Jan
Jan,
23%
Jun
Jan
6%
Jan
12
Jan
ll
6%
Jan
13
24
243/4
Jan
40%
56% Jan
3
58
Jan
15
48%
Jan
58
118% Jan
'
13% Jan
7
120
Jan
12
114% Apr
11% Jan
75Va Jan
85% Jan
96% Jan
123
87%
96
104%
113%
116%
14% Jam 17
Jan
3
95Ve Jan
Jan
Jan
3
101% Jan 11
4
107
Jan
3
Jan' 11
37J/zJan
3
118
,
28
Jan 27
Jnn 28
117% Jan
7
39V2 Jan
24
.
108% NOV
1133/a Nov
263A
Jan
>
Apr
13
12
3
Dec
213/4 July
•
37% Jan
~
Dec
Dec
.
11
*5
„
16% Mar
10
12
Jun
Jan
19% Jan 15
15.
=182
;
20
:
12
19.
14
12
6
Jan 19
Jan., '
Jan
11% Jan
\/ 12
—50
Jun
4
35% Jan
'
conv
168% Nov
170
—
Jan
Mar
10
Jan
9
.
153/a May
168% Nov
—
83
18% Jan
19% Jan
25
9
77%
,
9% Jan
4
'
Z
Jan
Feb
5% Jan 17
__
6
'
Jan
4
82VeJan
8% Jan
Jan
9Ve
3
—
43/4 Jan
7% Jan;
19
5%
Dec
27
59 Ve Jan
No par
No par
July
Apr
.
50
Jan
11% Jan
Pocahontas™
102
.
July
100
*
Jan
48% Jan
& Co class B
Jan.22
14
-
5
1
-10Q
1100
' 25
,.
Feb :
61
•
Pullman Inc
Jan
22% Jan
5
50% Jan 26
Pittsburgh & West Va.^—
^100:
Pitts Young & Ash Ry 7%. pfd-100
'
Pittston Co.'.(The)
-—1.
Class A preferred—
;100
Class-B preferred—
.—100
Plymouth Oil CO
5
pfd
16 Va May
58 Vz May
3
Procter & Gamble—
-
59% July
5
-100
5%
.;
4
No par
<
v
54% Jan
No par
r
Jan
Dec
33% Jan
series
Creek
17% Mar
113
Feb
Jan
5%"Jan
49
.,100
5%
V
13'A
112
55
100
$5 conv preferred—
Pittsburgh Forglngs Co—
Pitts Ft Wayne & Chic Ry
1% preferred.:
12
36
26
7
3
21% Jan
'
100
Poor
Jun
25 % Jan
17
50
5
-
.
Oct
3% Mar
45
111% Jan
100
series
Pond
1,500
Sep
20% July
Jan
Jan
41
Apr
May
May
6% May
29
May
Nov
Jan
723/4. Dec
Jan
20% Jan
Jan
•
10
20
■
Dec
106
Jan
13% Jan
—
200
July
27 Ve
3
94
Oct
113% July
3
21
No par
1
Apr
43% July
Jan
15%
28
■■■.
28
3
lS3^ Jan
54 Va Jan
35%
100
5
:
Jan
31
20
10
Jan
1% Jan
76
20
par
,
11
Jan
106
3
29% Jan
' 18% Jan
5
49% Jan
10
27
par
Jan
24% Jan
6
.Jan
23% Jan
Pittsburgh Steel Co
—No phr
7 % preferred class B_
100
5% preferred class A-.
.100
5% % 1st ser conv pr pfd—-100-
100
98
36
*11%
101 Ve
page
11%
8%
87%
*19%
:
*165
8%
86%
*69
{,
5"
36
12
105%
see
9%
■
54
186
37
105%
footnotes
74
20
9%
101%
For
89%
*18%
105 Va
38 Va
*73/4
186
*165
"9
*19'/a
9%
101 %
38%
98
18%
101 Va
105 %
105%
4%
20
94%
101 Va
101%
*183%
5
8%
*165
75
11%
186
*59%
9%
13
Jail
Pitts Screw & Bolt
30
*168
*168
*13%
18%
2,300
60
13%
20
-
2,800
60%
*9%
•
13
54%
*165
7%
12%
13%
*18%
Oct
6% Mav
No par
Pittsburgh Coal of Pa
•6% preferred
Pitts Coke & Iron Corp
2,400
13
60%
♦19%
Sep
160
3
Pitts C C & St Louis Ry Co
?
123/8
54
*74
.
119 Vz
Dec
Jan
112
Pillsbury Flour Mills
2.900
5
63%
70
14
8%
36 Va
IV2
61
*87 Va
18%
Jan
147 ■/
3 Va
"
8
Preferred 4%%
Preferred
•
120
70
553A
8%
20
91%
28
25
3
preferred
4%%
Dec
28% May
Jan
2% Jan
Corp
Pnoenix
600
70
*
13%
89 Va
12
5
63%
61
8%
11%
7%
*96 Va
5,200
70
,
12%
5
63
54%
*87%
*35
73/a
120
14%
89%
*11%
5
62%
preference com„
Phillips Petroleum
180
24%
24%
62
:
■
4% Jan
152
7
109 V4 Jan
—No
com—
Phillips Jones Corp
7 % preferred——_—
12%
453/4
10
57%?
•74
12
31%
•'
Jan
Preferred
.
100
45%
25%
Electric Co.
4.4%
40
45%
*14
"9%
9 Va
*12
*97
.*■
46
*60%
8%
Va
114 Va
14%
88%
9
114 Ve
58
~9%
18 Va
116
12%
$1
140
.
preferred
Phila
100
108
60
:
118
108
100
$6
100
■
4%
*7%
89 Va
*19%
*12
*97
5%
*88
*9Va
*114%
960.
1083/4
60
<
121 Va Jan
Apr
July
'y 45 Ve July
Jan
Philip Morris & CO Ltd
57
*165
Jan
49V» Jan
Philco
♦183%
*165
Jan
19
preferred—-.50
1,100
64 %
100
Philadelphia Co 6%
6,800
5%
8%
56
3
Jan
18
Jan
27
84%
186
*14
5
11
Jan
23%
33
27
3
3
17
20% Jan
27%
*183'A
14%
Jan
Jan
13% July
Mar
Jan
423A Jan
31
25
843A
186
62
10
Jan
Jan
Corp—
27 Va
63%
5
Phelps-Dodge
11,000
84%
5%
7%;
21%
27%
*183%
58
■'
5%
84%
-
Oct
July
17
27
186
14%
yy7%
49% Jan
85
10
13
1,100
273/4
*183%
57 Va
64
,6%
27
*84 Va
*168
*59Va
Jan
12
2,700
64 Ve
*92
54%
14
25
168
100
18
9% Jan
243/4
164%
*91%
59% Jan
8V2 Jan
25
177
100
673/4
3
24%
163 %
*91
Jan
3
243A
*24'A
5
46
24
24%
*14613-
*8
Jan
24
Jan
7,200
25
8%
Apr
28%
Jan
73A Jan
203/s
147
5 Ve
Sep
38
11
65
7%
of America
Brewing Co
:
(Chas) & Co Inc.—
50
177
V
154
100
Pfeiffer
Pfizer
94 Ve.
46'A
72
600
20%
45%
70 %
Petroleum Corp
8,100
45
94
46%
120
9'A
8'/e
•
50
*165
5 ,
Jan
37 Ve Jan
3
4% Jan
No par
20%
•
*8
142
Dec
100
Pet Milk Co
50%
114 Ve
13
13%
8
105
100
94 %
jjs
*73/8
*
71%
,
151 % Jan
2%
preferred—.
20%
10'A
5%
Jan 28
Jan
4
23%
Pere Marquette
49%
116
12%
64
Jun
10
118
1
94 %
108
100
*98
5%
65
Jun
21%
Jan
5
Co„
20%
24%
25
65 Va
8%
1.200
v.
95
108
♦10
.
.28
84%
453/4
146{| 14612
5
Pepsi-Cola
600
-
50 Va
*94
118
5
1,200
6,200
6 'Va
49%
9%
9Ve
8
45'A
8J/e
*12
10%
Jan
Jan
149
Corp——No par
200
*25 %
45%
8%
200
Glass Sand
26
*95
Jan
15%
10
25
5% preferred
Pennsylvania RR
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co__
*25
24%
/
Penn
7.300
26
13
3%
10
9 3/4 Jan
No
26
45%
120
Cement
26
46%
20
20'A Jan
25 % Jan
—10
pref ser A
conv
26%
8%
*100
$7
600
*26
45 Va
25
./.
5%
102
69
105 Va Jan
9% Jan
27
Jan
No par
Corp
Corp
400
*8
147
Coke
800
45
25
Coal &
58
453/4
503/4 July
10'/a Dec
10
2,50
Co
Airlines
38%'
95 Ve
*14613
(J C)
*37%
*12 :
21% July
Jan
Jan
32% Jan
No
*56%
*95 '
Jan
3%
17
Enterprises
37%
13
11%
29 >/a
10
Mines— 1
Ford
&
57%
46%
6
27
Transportation--—No par
Patino Mines &
37 Ve
96
*10
Parmelee
17,800
.
Oct
18% Jan
27
No
*56%
102
14%
26
Inc—»——
57%
58%
50%
45%
Jan
10% Jan
1
Co
&
37 3A
*12
Jan
8%
1
Consolidated
57%
*95
31
27
48% Jan
100
373/4
*114%
24
Jan
16
Dec
23% July
41% Aug
6
July
45
Apr
9'/e Jan
—No
39%
116
Jan
3% Jan
Inc
26 %
*114 Ve
Jan
Jan
x3%
pfd-100
5.60%
*38
9%
15%
36
30 Ve Jan
Ref
13
6
49%
46
116
L
&
393/4
*8
:
15
25
5
Ry Co
5% prior preferred
20 Va
*114 Va
P
Pictures
Davis
Penick
500
57 Va
*113/4
9%
5
Jan
5
par
Transp;
Parker Rust Proof Co—
4,600
22 Va
57%
12
108%
No
&
preferred
Utah
18%
*22
11
13%
20 Va
*107%
Car
Tllford
&
2 7 3/4
275/e
12
9 Ve
107
42V2Jan
4
39% Jan
10
Corp
Inc
Cos
conv
Park
19,000
23/4
*17%:
12
8%
4%
'110%
112
493/8
9%
Paraffine
Paramount
Penn-Dixie
49
96
50%
*17%
28
'
8%
Jan
Jan
Jan
Jan
13 V
30
par
Airways Corp
East
Parke
5%
Oil
Panhandle
Park
20%
No
Motor
1,100
6 Va
26%
113%
18%
;40%
5%
'
10
25
Electric
&
Western
4,500
58
2%
49%
28
par
Telep & Teleg———100
preferred
100
——1
4,600
*37% v 40%
41
6 Va
58%
.
25% May
16% Jan
Penn
49%
58 3A
18% May
116% July
Jan
2,200
6%
58%
Jan
14%
10%
493/4
*38
7%
12
14
lOVa
*6 Ve
39%
22
22% Jan
Penney
49%
58
15 V. Jan
'
3
preferred
Penn-Central
6'A
39%
101
13'A
2,200
50 Ve
12'/a
Jan
55
2,100
6%
13%
91%
Jan
14%
49%
133/e
12
Jan
96
6%
58
46
*37
Apr
Jan
>101
6 Ve
14%
50%
13%
Jun
14 %
23%
.95%
"
2%
2%
•
*110%
28
57
vt 22 Ve
57%
57
56
•
*110 %
27%
*56 Va
23/4
39 Ve
•
Jan
Nov
8
4
Panhandle Prod.
700
5%
20 Ve
*57
96
14%
%
:y
48%
20
'
96
•39 Ve
17%
'i
.
Jun
22
9% Jan
4
4
11,700 ?
-
29%
183/4
7 ft?18%
56%
4
Petrol
50
1%
183/4 July
Jan
113/4 Jan
Pan-Amer
15,300
76
P/4
20%
573A
19%
v: 74%
Jan
48 Va Jan
Pan American
500
.
233A
29%-
5%;:
5%
20%
*56
14%
2%
*26%
18%
14%
39 Ve
*12%
18%
96
2%
6V1
/V
19
96
39 Va
50
'•
.•
.
93/4
49'/a
10% Jan
Packard
2,800
:47
13/4
20%
4
3
3
Pacific
300
.,
106
23%
74
1 %
23%
14%
2%
27%
*183/4
723/4
V
1%
29%
95%
•
•
39 %
*16%
73%
29%
*45%
23 %
Nov
-" Jan
53Va Jan
52% Jan
10
12
Pacific Tin Consol'd Corp
400
9% v
*104 Va
48%
106
14%
11
*111 Va
233/s
10
96
14'/a
10%
-
71
:
57
14 %
*46%
*105
23%
•■y; 1%
20
57
2%
47
19
57
110%
2%
23%
29%
*18i%
110%
2%
106
71%
1%
29%
V
110%
2%
47
24 V8
70 '
>
llOVe
*105
106
105
24%
68 V2
•V
47%
47%
48
105
23%
7,700
2%
2%
V
July
192% July
122
6
6%
19,800
111'A
*110
2%
3%
'9
17
38
'!•
Jan
Jan
3
Pacific
30%
93/a
Jan
Jan
162%
113
8V2Jan
70
3%
3%
121
6
263/8 May
23
25
Nov
10% Jan
Mills
800
:v..y
9
Co
Pacific
13 Va
30%
12%
43 Ve Jan
17% Jan
Coast
non-cum—No
Pacific Finance Corp (Cal)
120
9%
Jan
1 % Mar
—10
2nd
33,300
3%
•
9%
yV Jan
7
36% Jan
190
Dec
Dec
preferred non-cum—-No par
1st
Gas
4%
*13
12.50
Lighting Corp——-No par
30%
13%
24
64
Jan
8
57'A Jan 28
par
Pacific
152
30 Ve
31
*9 Ve
111%
*13
3%
33/4
30 Ve
93/4
2%
3
47%
Va
70%
3%
31
111
111 %
105?
24
69%
13%
14 V4
3
105
24
4%
*133/4
-
111
48 Va
*471/4
*104 Va
151%
4%
3Ve
3
2%
151%
4%
31%
.
112
*111
119%
*150%
4%
9 Va
31%
*9 Va
119%
151%
4%
31 Ve
3%
31Va
120'A
*150%
4%
15% Jan
28'A
May
9% Jan
3
101 % Jan
4
83/4 Jan 18
148
34
Pacific
120%
119%
151
4%
14%
14%
*120
120
4%
-
Jan
3
Jan' 4
Jan
3
Jan
5
101
•
May
May
17% Jan
100
5
1,000
V 500
26
151
150%
.43/„
~
10
-
44 %
45 Va Jan
par
4,600
"
*119
120
150%
4 Va
22
% Jan
Jan
__
13% Jan
19
Co
58% Jan
7
100
Jan
4
xl3V»Jan
3
112% Jan 27
17% Jan 15
37 Va Jan 27
4% Jan
3
40% Jan 12
No par
Glass
3
8% Jan
50
100
No
Jan
% Jan
135
52
Jan 26
51% Jan 27 ;>
1
Marine & Mfg
19
15% Jan
10
Co—i—
Pacific
670
31
41%
150 Va
Outlet
13
Jan
14V.
33%
183Va
120 >
50
.-50
-
/
Jan
Jan
Jan
WS* if
20%.
16
41%
120
Deo
1
-5
100
-100
No par
30
30%
4 Va
Nov
54
Pacific Amer Fisheries Inc
41%
150
132
Jan
Equipment—-No
480
30%
*119
Jan
-
—
52
V
100
50
45
26
Dec
—2.50
1,100
41%
263/4
132
Jan
,129
No par
Owens-Illinois
30%
*26
Jan
Aviation
1,600
41%
27
63 Va
preferred
Outboard
10
30%
*26Vz
25
.
9 Ve
*13%
32%
States Pow $5
Farm
6%
:
./::•■/
Jan
»
11%
20%
16
150
66
58
13
163/4
100
Otis Elevator
4,700
v-
36% /
57%
113/4
*44
20
150
19
27
(The)
—8
"v
8% conv preferred A—
—100
Oppenheim Collins
1—No par
400
..
v
Jan
31% Jan
Omnibus Corp
360
.
19% (•
148
A
*64
58%
*13%
36%
*34
.
66
59%
21
*34
36%
59%..
46
*150
*34
59 Va
*44
150 Vz
*64
59 Va
,
150%
153
19%
:/r/
9
19 Ve
19
Oliver
29,900
,
26
Jan
.—50
Ohio Oil Co
7,700
,
10%
1033/4
743/4 July
Jan
63/8
Western
Norwich Pharmacal Co
1
14,400
/:.
■
48
9
:
:
193/e
65
65
102
9
19 Ve
36 %
*34
36 Va
*63%
93/4
Jan
14%
Preferred
':
4,400
'
31%
—B0
Norwalk Tire & Rubber
50
,
18
•
47%
...:
104%
9
9
9
'
193/4
*150%
153
*150%
153
9%
193/4
18
v
>
190
15'/a
15
21
pfd_No par
Northwest Air Lines
No par
Northwestern Telegraph—
50
1,400
42'
15
&
American
Northern
3,400
r
,
72VsJan
25
Northern Pacific Ry
40
5l/«
3
C Northern Central Ry Co—
33,300
18% >
*41
'
16
17%
48%
10%
43
v
?
38 Va
5
5'/a
15%
18%
47
:.
1043A
5 Ve
*41
42
15%
463A
>.:•
9%
9%
5%
5%
42
15 Va
47
9%
5%
*41
18%
46 Vz
15
Y Ontario
North
10
112%
18
"V 5 Va
42 Va
15
18
14%
*112
112%
39
■
Va
*5
15
14%
112%
17%
40
5
14%
14
112%
113%
39
18%
%
*39
40
*39
14%
14%
15%
1133/4
62
4
24% Jan
3
11% Jan 27
30% Jan 22
par
-No par
preferred series
5%% preferred series
'
14%
preferred-
,.6%
5,400
101.
26% July
100
North American Co
800
r
11
N Y Shipbidg Corp part stk
Noblltt-Sparks Industries—
Norfolk & Western Ry—
Adjust 4% non-cum pfd—
100
',
r
.•"•*.
51%
*100
100
100
35%
121
16%
53
2,000;
.
189%
*120
IN
300
•
15%:
188
121
1,360
•
20
11
10% non-cum preferred
N Y Lack & West Ry Co.
.
i.
%
*34>/e
188%
188%
121
58%
V2
15%
35
*31
189 Va
189
122
*52%
16%
*
%
53
16 3/a
56%
56
%
190
189'/a
56
%
16 Va
16%
*52 Vz
*100
*34
*120
122
*120
58
56
'. S"
U
15 l/a
15 Va
189%
189 %
121
58
U V:
36 Va
*33%
35 3A
*34 Vz
57 Va
57 Va
103A, Jan
22>/a Jan
N Y & Harlem RR Co
'
57'/a
•\X
58%
56%
27%
17% Jan 24
4
No par
Dock
$5 non-cum
70
.
38% Jan 17
3
19% Jan
preferred series A
York
t per share
36% Jan
.V 15% Jan
No
500
—
__
6%
Highest
t per share
$ per share
100
No par
N Y City Omnibus Corp
700
Lowest
.
i per share
New
1,600
Lowest
.
No par
N Y Chic & St. Louis Co
9,100
;
33
*133
135
"
.
<
.
Par
•
New York Air Brake
New York Central
,
800
24%
71 %
70
71 Ve
1
V
Year 1943
Range since January 1
Highest
...
.
Range for Previous
-■
.
STOCK
.EXCHANGE
,•
1.300
31,200
21
24%
'
Shares
38
17%
*11 Vz
NEW YOHK
the Week
t per share
37Va
for
Sales
•.
Jan. 28
t per share
per share
37 Va
Friday
Jan. 27
22
17%
*213A
STOCKS
-
Jan.26
Jan. 25
Monday, January 31, 1944
RECORD
■
Wednesday
Tuesday
Monday
Saturday
SALE PRICES
AND HIGH
LOW
v
13% May
,
Jun
Jun
Sep
Feb
17%
Apr
96 %
Oct
107% July
114% July
129% July
122
•
•
Aug
40% July.
463.
■
ft
I
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4251
LOW
Saturday
Jan.24
X per share
X per
HIGH SALE PRICES
AND
Tuesday
Jan.26
,
■
f per share
share
STOCKS
Thursday
Wednesday
Jan.,,25
Monday
Jan. 2Ii
share
X
153/4
> per
Friday
Jan. 2.7 :
v.-15%
share
per
Sales for
Jan.28
NEW
the Week
$ per share
YORK
R&nfe for Previous
STOCK
Range since January 1
EXCHANGE
Lowest
Shares
par
f per share
'
15%
.
21
16
15%
*110%
111
*110%
1103/4
1103/4
104%
20%
20%
13
104 %
21
15%
>*103%
13
f 110V2 111
*103%
16%
16
16%
:
v
111
111
104
104
104
104
15 '/a
*104
203/4
20%
*20%
20 3%
*12%
13%
*12%
13%
15%
111
1574 >
*11074
105%
114
♦105
-
105'A
Pure Oil
14,200
20'A
20%
1,600
13 %
13%
*123/4
1374
200
Lowest
I per share
157a Jan 26
\
preferred
100
preferred
100
Purity Bakeries Corp—.. —No par
5%
200
20%
No par
6%
200
.
20%
(The)—.,
Year 1943
Highest
16% Jan
5
11
I per share
Jan
10974 Jan
12
111
Jan
27
103
Jan
15
10474 Jan
8
92 %
14
21
Jan
5
13-%
Jan
1274 Jan
21
1374 Jan
3
10%
Jan
9% Jan
69% Jan
3
4%
Jan
8% Jan
4
..
Jan
19% Jan
conv
Highest
t per share
1043/4 Feb
19% July
114% July
107'A July
22% Nov
:
*12%
13
> 9%
» 70%
9
V
9%
70%
9%
70.%
» 9
9%
9%
70 3k
70 3/8
10
9%
70%
Ve
9%
8%
:
'
9%
>
93%
70 %
70%
90
9% >
974
9%
71
70%
9
8%
9
'J3/,
91
>
91%
"29 >
» 13 '/a
293/4
90
90 3/4
89
*29
293/4
29%
85 '/s
13%
13%
13%
13% >13%
/> 29s/8
29%
>> 17% >17%
29%
29%
30
"323/4
17%
7; 28
28
-:V79S
'
V
>'
73/8
*99
110
:> 56%
343/4
*28
:
87%
■57
16 %
*86
12
■••■:
8%
8%
,t
9
8%
19
29%
29%
19
*86 Va
8%
8%
8%
53
A.-
>
•
>;■:>>•.
>•■>'>;'
767'/e
>
50
,>
•'
5.200
89
:
■>>• 100
77 •>
*
>
>
77
*87
76%
>
8%
8% V
8%
3
Silk
Hosiery
Preferred
17 74
"
17'/a
173/4
17%
*100
102
*100
'*90
■91
91
102
*100
91
'
17%;
17%
*90
.
17
17%
V
Rensselaer
900
8%
*86
J
P
73/8
7'/a
>V
*100
90%
7%
7%
73/a
*86
88
*87
88
66
*64%
12 >
66 >
*64%
66
86%
87%
1134 >12 %
87%
87%
*9 %
29
>■
12
9%
'
*84
,
64
>
86
Reo
& Co
&
Motors,
> >64
11%
11%
87
863/4
87 v
9%
>:•,>, 73/a
86
>>
8 3A
83/4
X29%;
30
29%
30
29%
29%
29
29%
*35 7a
37%
37%
38%
38%
38%
*36
39%
*14
14%
14%
14%
14
14%
*13%
14'%
*13%
14% > /
9
>8
95/8
>13'/a
r
13%
6
*
>;■ 9%
9%
9%
13 3/8
♦13
*13%
>
*6
6
/
6%
18 Me
18%
18%
27
273/8
27%
6 ■»
5%
18%
17%
18
27%
18
27'
9%
17%
18%
17%
18
17%
18
173/4
46 3/8
46%
46%
47%
47%
47%
47%
48
473A
31
30%
31
31
31%
31
%
%
3/0
.'8
%
33/4
3%
*3%
4%
*6%
9%
*6%
43'/a -43%
43%
43%
113%
113 %
.
*112%
113%
7 5/s
■
393/4
41
41%
*105%
*1053/4
106%
48
>30%
3074
*30%
3/a
%
*3/8
16
u
*3%
\l
%
%
3%
*33/e
3%
4
433/8
*112%
113%
*1123/4
774
73/4.
40 %
41%
106%
*105%
106 Va
*105%
*393/8
40
*393/0
*39%
40
*109%
110
*109%
110
*109%
110
•108%
109
*108%
109
108%
109
*108
108 3/4
23
23%
23%
40 >■
>"■ 23%
23%
40
61
Jan
12
*2%
274
*2%
873/4
88
87%
87%
>86%
■875/8
86'/a
86%"
173/a
18
17%
18%
17%
17%
17%
17%
17%
17%
15
12%
14%
14%
*143/8
15
*14%
14%
673/4
68
68
*673/a V 68
67 3/a
67%
12%
123/a
12%
73 ,h;
*72 Vs
73
73
123/4
125/8
74%
123/4
*72%
*72'/a
93/4
»93/a
9 '/a
9%
9%
9%
>*49%
50%
•49%
50%
A. 25%
25%
25%
25%
3%
3%
33/4
33/4
26%
26 Va
•25%
26%
K *25%
26 >
11%
10%
11%
40
40
40
*9%
•
50
253/4
.
i
50 >
26
33/4
...'66% Jan
.
20
Jan
14'A
Jan
20
17
12
Jan
197a
Jan
89
Jan
14
69'/a
Jan
93
Oct
70% Jan
80
Jan
21
42 V8
Jan
74 3A
Dec
9% Jan
10
4%
Jan
10% Apr
20% July
12
86
8% Jan
1674
Jan
14
Jan
102
Jan
102
Jan
5
95 %
Jan
87
Jan
91
Jan
24
73%
Jan
77a Jan 22
5%
Jan
18% Jan
6% Jan
11
'
84
Jan
15
63
Jan
4
10
Jan
4
; 86% Jan
100
6
87% Jan
6
1
8% Jan
87
Jan
66
Jan
15
> 12% Jan
10
4
18
76
>
12%
Co
Dec
98
70
117a July
3
Jan
24,
25% Jan
32%
25
38% Jan
25
34%
39% July
143/4 Jan
11
30
28
Jan
3
Typewriter
Co
No
pat,
25
-
J
45
Jan
63/4 Jan
5
3% Jan
5%
Jan
19%
Dec
9% May
213/4
28
Oct
11%
Jan
18%
Jun
Jan
28
43
Jan
50 %
Aug
11
27% Nov
10
aa
Jan
>'
Jan
10
Va
Jan
»■ 3 Va
4% Jan
7
3%
Jan
9
Mar
7
6
5%
Dec
13
" Mar
25%
3%
253/4
50%
*49%
253A
33A
4
*33/4
9%
25%
50
1274;
36% Mar
>
4
50
25%
3%
>
■
$3.50
20
•
conv
Sheaffer
2,000
.12 % Mar
7
193/4
Jan
44%
96
Jan
36%
Dec
114
Jan
19
Jan
22
Jan
6
109% Nov
115
Feb
110
Jan
8
105
112
Mar
24% Jan
28
108
6
Jan
21% Jan
274 Jan
,
86
par
3
Dec
16%
2
Jan
v
8
Jan
4%
Jun
5
59%
Jan
90 3/a
Dec
17
10%
Jan
18 3/a
Sep
15
Jan
11
9
Jan
68
Jan
24
54
Jan
Jan
72
1274 Jan
Jan
6
48% Jan
4
Jan
18
3% Jan
3
11
'■
8%
173/a July
73% July
16% May.
Jan
Jan
5
643A
Jan
73% May
974 Jan
18
5%
Jan
10%
Jan
8
31%
Jan
57
Oct
26% Jan
7
17 3/8
Jan
29
Jun
2%
Jan
75
27
9% Jan
24
27
*25'/a
26%
103/4
11
11
39%
40
40
173/4
18%
17%
*22%
23%
23
•30
31
•
.263/4
*30%
;
*26% >26%
17%
*22%
31
*30%
31
,27
26%
26%
12%
3%
27
27
» ma
12%
12%
12%
3%
3%
3s/8
3%
>31%
31%
34%
34
145
31%
33%
%„
145
145
233/4
23%
23%
>■
31%
34
145;
23%
:
;.
25 3/4
25%
*25'/a
103/4
23%
17%
>23
26%
25'/8
11%
1074
10%
393/4
*17 >■
26
>
393/4
393/4
17 >V
3974
17
17
*22
253/4
*253A
26
1074
11
39%
;
-
26%
*25'/a
26
3974
1,700
200
•>>
>
50
4
Jan
27,
*1674
22
303/a
30%
30%
30%
600
2674
26
26%
26 3/4
26%
1,900
12%
12 Ve
123/a
12
12'A
12
12 Va
3%
31%
3074
26%
33/8
3%
31%
33
147%
31
33
32%
*141
233/4
233/4
31
31
333/4
*141
3%
,:>■ 32%
*141
147%
23%
23 3/a
235/8
>
3%
31
23%
13%
-13 3/8
13%
13%
133/8
13 S/8
13%
133/4
13%
28
28 5%
27%
28%
27%
27%
263/4
27%
23%
23%
24%
23%
23%
22%
23%
> 22%
22%
5,400
31
600
32%
6,200
15
No par
15
11% Jan
5
5
10 Va May
38% Jan
3
423/a Jan
7
28% Jan
$1.20
2,400
2,200
79,900
Southern
45%
5%
45%
44%
45
43%
*55
563/4
55%
55%
553/4
53/8
5%
5%
5 %
5
*5%
•52
45
56 3/4
*55
%;
5%
5%
•5%
5%
*5%
5%
57
*30
*52
57
*52
*30
305/s
*30
56
5 Vo
57
305/a
•
30%
4374
445/8
55%
-
» 5%
> 5 3/a
5Va
*52
-
*5
43%
30
30
>30%
30
253/4
25%
253%
25%
25
253/8
25
253/4
38
*36%
37%
36 34.
36%
36%
36%
36%
*58%
59
58%
58%
57%
57%
*56%'
573/4
56 3/4
36%
56 3A
25%
6 3/4
6%
54
65/a
53
54
63/4
53%
6%
6%
6%
53%
6%
*53
52%
53%
353/8
36
36%
36%
36%
36%
36%
36%
*110%
111%
*110%
111%
110%
1103/4
623/4
62%
62%
*62
*113%
115
*109%
110
29%
*109 3/8
*113%
>
115
*113%
110%
110%
29%
1
12
110%
1
*108%
115
1
1
2%
35%
35%
353/4
35
35%
*40%
4iy4
41%
41%
41%
37%
373/b
373/8
37s/,
37%
33%
33%
33%
33%
333%
2%
■<
112
29%
29
>1
2%
>
543/4
7
'
28%
65%
65%
13 3/8
133/8
> 13
10%
10%
16%
10
lM5%
*15%
8 3/8
1
8%
14%
8 3/8
15
145/a
60%
*59%
.7%
28%
>
•59
,13%
10%
.16%
8%
15
60%
7
*28%
*1574
60
8%
8%
8%
6,400
14 Va
14 3/4
25,000
60
6%
6 3/8
6%
6%
6%
6%
,
181/8
18%
18%
18%
18 3/a
77%
77%
79
22%
♦21
21%
31
*30
31
*10
11
30%
For
305/a
9%
■
,
30%
9%
31
footnotes see page 463.
77
77
21%
21%
*30%
*9
30%
31
93A
30%
60
.
5 3/a
5%,
6%
6%
6%
6%
173/4
18%
17%
1774
77%
77%
20%
21
*20 3/a
21%
31
*293/4
30
*9
93A
30%
60
122
121%
5 3/4
6 3%
30%
60
121%
5%
65/a
*30
100
14%
121
31
16
4,300
8%
60%
*77
7
14%
121% 121%
5%
53%
*21%
300
15%
5%
18
2,100
15%
60
123
54%
42 %
1113/4
5,000
5%
60
121%
54
42%
♦111
2,500
55/8
123
42
9%
5%
*122
54%
112
12%
5%
123
773/4
9
3074
Jan
60
8%
7
33
Jan
7
109
Jan
13
49
>,
Jan
1143/4 Jan
10
112% Nov
6
112
Jan
28
107
Nov
110
30% Jan
12
25
Sep
par
6
—No par
114
Jan
29
Jan
26
110
Jan
27
81
9
31%
900
240
10,100
8,400
18
-2,300
82
84
2,900
20 3A
20 3A
600
29%
2974
300
18
*9
3074
93/4
200
303/4
8,700
No par
Standard Oil of Indiana
i
Standard Oil of New Jersey
111% Jan
63
Jan
111
Jan
5
1
Jan
10
3
•
31%
100% Jan
4
...
443A
11
283/a
Jan
4-0
343/a jan
15
28 Va
Jan
3874 July
55
22
46%
Jan
Jan
42% Jan 25
111
3
73/8 Jan
29% Jan
3
65% Jan
5
27
Sutherland Paper Co
Sweets Co of Amer (The)
3
974 Jan
3
10% Jan
15% Jan
5
16
100
Jan
3
8%, Jan
5
10
15Va Jan
14
8
"
10c
No
par
60
.;
Dec
Sep
45 Va May
60% Jan 21
"5%
*25
*
Nov
Jan
58% July
7% Jan
•
9 %
May
31 Va Mar
66
14%
4%
Jan
14
14%
Dec
xl7
May
Jun
July
Sep
53/4 Jan
1074 May
5%
15 Va
Jan
48% Jan
Dec
63 % Mar
Jan
6
Jan
27
Jan
10
% Jan
3
5% Jan
6
4% Nov
6
Oct
5%-Jan
3
6% Jan 24
33A Jan
7 3/a
Apr
17% Jan
27
58
121
-
1
Jan
6
5
14% Jan
par
No par
cum)
Mining 4Co.
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
11% Jan
6
13% Jan 15
...1
37% Jan
Dec
May
Jan 26
20
No
6% Mar
Jan
18
Jan
2% Mar
A, Jan
10%
6% Jan
64
Dec
38%
1
Sunshine
Swift & Co
13
26
>
Dec
115 Va July
Jan
5
Studebaker Corp (The)
Sun Oil Co
Class A pfd (4%%
Sunray Oil Corp..
Jan
3
2874 Jan
1
No par
10
preferred—.,
Stone & Webster.,
40'A Jan
111
100
—
Sterling Drug Inc—
Stewart-Warner Corp
Stokely Bros & Co Inc
prior
53% Jan
25
preferred
Standard Steel Spring
Starrett Co (The) L S__
5%
par
25
25
Standard Oil of Ohio
4%%
13Jan
Sep
Sep
Sep
6
28
Standard Gas & El Co
64
42
July
116% July
70
July
117
Aug
28
Jan
3
8,200
13,400
9%
5%
123
373/8
Jan
35Va Jan
;
323A Jan
33%
12 3/4
3/8x
6
38% Jan
9%
8
3
11
Jan
26
12%
143/4
Jan
36% Jan
93/4
8 3/a
7
55
May
No
14,300
123/4
143%
35% Mar
44% July
56
5
13%
8%
23% Nov
32% Jan
3
108 % Jan
Sep
6
14
27
Jan
No par
Dec
6%
4
Jan
Jan
60
Inc.—.—No par
35
43% Jan
400
14%
38% Jan
59
Jan
110
.—,'
2774 Jan
6
6
35'/a Jan
1
...No par
—
Jan
51
.1
par
100
—
31
Nov
13
1,600
8 3/a
26
36% Jan 26
563/4 Jan 27
par
pa"
2
Jan
4
Jun
61
40% Jan
65%
143%
25
1
Jan"
6%
23/8 Jan
33
Jan'
$7 cum prior preferred
Standard Oil of Calif.
29%
-
293/4
par
Sep
213% Jan
"
5,700
6%
16%
12
par
42
65
*1574
5% Jan
Apr
14%
Jan
40 3A
29%
16%
26
2%
25
1% Jan
6%
10
5% Jan
1
>
9
65
974
18
7
29'A
1274
14
5
643/4
13%
Jan
53/4 Jan
Jan
29
10
24
57
36% Jan
7
10
45 % Jan
3
3
643/4
13%
4
7
'A Jan
12
29
6%
49 3/8 May
66
Apr
'
Jan
4
274 Jan
6%
64
*15%
42
*110%
35% Jan
42% Jan
40% Jan
54
100
par
34% Jan
*28 3/4
7%
29
65
65
f 54
,
-
30 % May
303/8 Apr
Jan
No par
33%
42
153/4 Jan
10 3/4
No par
No par
33%
111
24
$4 preferred—
33%
42
1574 Jan
24 Ve Jan
$6 cum prior preferred
33%
54%
14 Va Jan
5
28% Jan 24
3
149%-July
Jan
1,000
33%
111
3
21 %
2,800
3674
Sep
17
Jan
6
2,600
*
Dec
20
>241/8 Jan
1
333/4
54%
303/4
231/2 Jan
11
23/4
36%
42%
29 VB
'
Jan
13% Jan
tr ctfs—100
stk
$4.50 preferred
20% Jan
132
Apr
7.50
—
>.
5
■16% Jan
15
Jan
35%
3674
543/8
100
Jan
23/4
36%
42
,
32
35% Jan 15
149
Jun,
15% July
Jan
343/4
2%
37%
54%
4,100
10
2%
:
35
36%
42
7%
2%
*34%
37%
54%
112
>:
5
28% Jan
No par
.
$4.25 preferred
Standard Brands,
5
374 Jan
3
$5 pref series A__
140
29 74.
*10974
403/4
42
643/4
110
180
700
112
29%
48%
55
29
29%
1,300
;.
,10Vo Jan
1274 Jan
Nov
23 % Jan
Sparks Withington
No
Spear & Co
$5.5 J preferred
No
Spencer Kellogg it Sons——No
Sperry Corp (The)
Spicer Mfg Co
No
$3 conv preferred A
—Nc
Spiegel Inc
Conv $4.50 preferred——No
Square D Co
5% conv preferred
Squibb (E R) & Sons
-No
114
111
1
1
274
4,300
1,400
„
35%
*113%
41
42
7%
110
35%'
50
63
114
*34%
400
,
110
62
35%
40%
54%
64%
110
62%
*111
3
413/4
*28%
353/a
*113%
110
5,900
/:
6%
53%
110%
*62
115
42
3
63/8
52%
111%
>■
23/4
*35
■>.
59
6%
•113%
*108
110
;
26
37%
353/8
63
29
253/4
400
*57%
52'A
*110%
29%
*109
111
n
*62
31
*36%
>
100
>
->V
Ohio
25%
39% July
25
_—
&
15% Jan
6
Railway
non-cum preferred
Mobile
170
15,400
5%
57
110%
■110% .1103/4
63
110
110
29%
30
29%
23A
*62
6'A
51
>,
*52
*3074
*36%
25%
5%
*5
>"■ ! v>
5%
8,000
'..■>■
55%
5 3/a
5%
57
44'A K
*55
5%
*52
57
433/4
55%
-.
7
14
3
28% Jan ■> 6
Sep
24% July
•233/4
27
Nov
45%
153/4 Nov
•
May
Xl3% July
22 3/a Aug
19
Jan
Jan
141
27%
Apr
—No par
Southern Pacific Co
22,300
Jan
27'A Jan
28
Jan
Jun
Jan
Southern Natural Gas Go.
1374
23%
32
4
16%' Jan
21
3
3'A Jan
5
No par
California Edison
2774
27
12
100
133/4
23'A Jan
303/b Jan
Greyhound Lines
22 3A
18% Jan 22
28
1
preferred
Southern
11
Jan
2474 Jan
15
South Porto Rico Sugar
8 %
1674 Jan
22
par
South Am Gold it Platinum
Southeastern
20
No par
...10
27%
_
Iron
&
Socony Vacuum Oil Co Inc
'
443/4
.
Steel
preferred
Smith (A O) Corp
Smith & Corona Typewriter-No
30
23%
-
23%
133/4
28%
23%
27,700
.
147%
32%
*141
5
26'A Jan
3
2,140
3%
31
-
4274
147%
27%
22%
33/8
27% Jan
26
Sloss-Sheffield
*30%
<
27
25'/a Jan
1074 Jan
1,300
'
>
17%
23%
-
253A Jan
No par
Oil
1,600
*22%
.
No par
Simonds Saw it Steel
Corp
Skelly Oil Co
25,100
"
17
23
Simmons Co
Sinclair
Jun
Jan
913A Jan
63% Jan
5
26 3/a
18% Jan
'A Jan
1674 Jan
13 % Jan
15
107 3A July
43
Feb
•
26%
:
Sep
Dec
40
12
Silver King Coalition Mines
Nov
112
No par
Shell Union Oil
Jan
6%
107
■
No par
No. par
(WA) Pen Co
105%
22
6
Jan
No par
pref ser A
(Frank G)
47% July
24
Jan
8
27
No par
No par
2,500
4
19
1
Sharpe & Dohme
Shattuck
Jan
Mar
38'A Jan
5
No
35
109% Jan
No par
Corp
Jan
13A Mar
42% Jan
3
105
par
No par
Sharon Steel Corp
$5 conv preferred
200
Jan
x38% Jan
100
Inc
500
9%
25'A
/
3,500
73
*70
5
113% Jan
7
No par
Servel
100
46'A Jan
8
110% Jan
5
5
No
6,200
600
17
27
100
Sears Roebuck & Co
\
6% Jan
43 3/8 Jan
—
600
1474
*49%
50 ■:>
,
'
—100
Seaboard Oil Co of Del
Seagrave
1
No par
6,600
68
974
•
preferred
non-cum
Dec
20Va Jan
.
% Jan
5
preferred—;
non-cum
July
17% May
32% Jan
20
...100
3
Oct
12
Jan
28
4
74 Jan
9
49
3
Ji Jan
100
5
Jun
14'A
18% Jan
13
100
Jan
19% Jan 12
27% Jan 24
3
29 % Jan
10
Francisco
Jan
1474 Jan
No par
Lead
Louis-San
9%
Feb
>12% Sep
7% Jan
13% Jan 27
574 Jan 27
173/4 Jan 26
1
(The)..
preferred
$4 preferred
,
Feb
153/a July
937k Jun
Jan
Jan
1774
123A
72
"
93/4
130
Feb
28
9
3
68
1274
72
9%
: >
...»; 2,400
Apr
37% Jan
1
87
*14
68
12%
74
;
>86%
17%
14%
14
*67%.
>
24'/8
Oct
9%
80
9% Jan 15
Dec
88%
'
7 "A Jan
.Jan
5% Jan
-
Jun
1013/4
>>59% Nov
:
May
10
$4.50
30
Dec
Nov
15
100
Scott Paper Co
200
10874
•>*2 7 k
,
.
>;■■;■•■'
Jun
80
Jan
6
Nov
678
Jan
12 78 Jan
19
3
Savage Arms Corp
Schenley Distillers Corp
5%% preferred
23,200
110
24 Va
2%
88
100
40
*108
>
24
2%
-
Jan
16% Jan
13
Tob class B
32
86% July
13% Sep
13
5%
6,100
106'/8
110
2%
673/4
3 Ve
6
100
Safeway Stores
5% preferred
5,200
4174
*39%
108 3/4
*108
>>
7% >••
*105%
40
3
*14%
•
20
100
tSt Louis Southwestern
30
113% A.
41
109%
88
v. i
25>
21
No par
6%
9
>•*11274
106 V8
'•■:•-■
109%
2%
>
7% Jan
52% Jan
100
1
Oil Corp
fflt
g >; •
44
73/4
3
*2%
-
*6%
41%
2374
23%
30
28 Va Jan
Company
No par
Antelope Copper Mines
St Joseph
2,500
3%
44
8
403/4
%
*33/.
113%
7% >
40
23%
••
22% Jan
7
3
1,600
>
74
35
3
Jan
2,700
307a
34
433/4
41%
*1053/4
3074
>k :v %
>
V
>■";>■
9
*6%
4374
8
41
7
433/8
113
73/4
9
*6'/a
43%
1123/4
■V.
1063/4
>
9
*6%
43%
>>
31%
580
Aug
22% May
Jan
25
25
Rustless Iron & Steel Corp
$2.50 conv preferred
18,000
Jan
■
110
23%
49
%
*108%
40
48
%
*3%
9
7%
8
'
41% '.*•
8
1874
Jan
14 3/a
26 3/a
Jan
.13
Ruberoid
700
20%
17
10
Mfg
Royal
2,600
%
1774
\h
v
27
Roan
400
6%
*27
10
24
Jan
24
conv
Richfield
Ritter
Jan
34
Jan
No par
(R J)
200
30
>17% Jan
Jan
Common
6,600
18
r
%
34
8
%
%
>
173/4 >. 18
27'A
*26%
18%
•:>''■> 34
9%
14
Jun
110
No par
Rheem
15 Va
15% Jan
preferred
Reynolds
,
Jan
11
18% Jan
prior pfd ser A
Reynolds
1,000
*53A
18
18
■
17%
>-
5%'/"'
574
27%
j
11%
Jan
1
preferred
Spring
30
1474
*13
'
*26%
>
9
13%
■■-■>■
14
7
No par
100
5% %
Jun
Jan
5%% preferred
Reynolds Metals Co
; r
420
1,200
8,500
297k
39%
14
9%
:
9%
29%
*36
13%
14
*133%
/
6%
*6%
18%
27
9%
9'%
9%
14
'
10
2,100
'
87
*8%
29%
37%
3/8
>
11% '
■>>
•
conv
conv
Dec
297'a
90
Revere Copper it Brass
1% preferred
>
66
11%
86%
*36
>
*62%
500
4,100
••
-
86
113/a
87
6%
6%
#
J >:>■'■
774
*84 1
87
*11
9
8%
774
»
*62% >66 >
12
86 3/4
>, 9
91
Jun
101'A
...10
RR
10'A
Jan
5% Jan
No par
Saratoga
Inc
127k May
71% Oct
Jan
21
100
1st pfd
Republic Steel Corp
10,500
1
102
*89
*84
*11%
9%
*100
90
89%
>' 7%
7%
17 Va
17%
102
>
90%
91
88
•
*65
>
7%
7%
17%
17
102'
*100
101
■
17
July
29% J an 25
100
(Robt)
830
>27%
6
-
>
1073/4 Jan
15
3% Jan
54'A Jan
13
Preferred with warrants
4
59
15
28
15% Jan
32% Jan
Reliable Stores Corp
Reliance Mfg Co
;
Remington-Rand
16 Va
29% Jan
50
200
18 3/4
:
25
1st preferred
.50
non-cum 2nd preferred——50
Reis
1274
27
28
non-cum
400
16 '/a
;
12% Jan
.
12
Jan
9% Jan
3
1
10% Jan
71
.
>
27
28% Jan
preferred
Real
2,300
*1174
89
8%
78
108
53
200
:
-f
Inc..
85 % Jan
Reading Company
». 4%
4%
'
*17%
16
*87
77%
89
78%
774
*101
■;>
19
16
29%"
;«■,!;
"
89%
76%
*17%
*28%
778
$2
1,300
34 3/4
;>
12
12
*■
'%
Rayonier
5,200
2,100
*33
100
54
.*
5
No par
Raybestos Manhattan
100
16 Va
16%
,
7%
52%
12
78
89
■■«:■:;
29%
100
55%
89
16%
163/4
3434
7% >
16 3%
16%
9
29%
1,895
13%
*28%
15%
165/8
:
■.
"
*17%
.
12%
7%
*11%
-
78
8%
*17%
13'/a
1674
110
55
12
'
*86
79
,107
55%
.:
'
y\
1,200
11,200
2974
♦33
29
7%:
110
*11%
y
..*28%
>
?:
>
88 >
293/4
2974
163/4
343/4
*33
' » 87
30
13%
13%
293/8
7%
55%
19
16%
•
89
783/4
7
56%
*17%
-
28%
110
110
12
16%
28%
73/4
55%
-12%
>*12
19
*173/4
34%
7%
28%
7%
*100
*2974
13'%
16%
17%
*32%
>
30
29%
>
30
17
17%
*32%.
33%
88 V3
87
*29%
29%
'
•
8%
10
Radio Corp of Amer
No par
$3.50 conv 1st preferred—No par
Radio-Kelth-Orp" mm
1
>> 6% conv preferred...—.—.100
28,700
7074 >7074
■
8%
'
Quaker State Oil Ref Corp—
5
124
122
Apr
130
X1874 Jan
4
12%
Jan
22
583/4
Feb
Sep
82
May
25
72
Jan
3
84
Jan
28
100
20
Jan
4
23
Jan
15
143/b Jan
May
32% July
2974 Jan 28
31
Jan
8
26% Jan
33
10
12%
25
8% Jan
4
93/4 Jan 24
27% Jan
3
31'A Jan 27
43/4 Feb
22 Va
Jan
July
12%
Jun
27%
Nov
'
•
COMMERCIAL & FINANCIAL CHRONICLE
THE
462
Monday, January 31, 1944
Range for Previous
STOCKS
tOW
tfatardaj
Jan.23
Jan.24
I per
$ per share
31%
6%
45
44 %
5
31%
31%
31%
32%
29%
29%
29%
30%
5,000
6%
61/4
6%
6%
6%
5,900
7%
11 %
49
35
35
35
15%
15%
15%
9%
9%
20%
21%
13%
13%
*5% ■f
6
6
Z
7%
7%
93
4%
*4%
12%
*12%
34%
34%
34%
•
*2%
20%
20
13%
"13%
13%
26%
26%
*48%
49%
49
*18%
19
19
*13
14
30 %
*100%
7%
7%
7%
*75%
76 %
9%
9%
56
56
■
,
81
115%
112
56
19
19%
100%
99 V4
94%
94%
93%
93%
27
HI
27
27VB
64%
65
*62 V2
25
*23 V2
1%
1%
35%
35%
35%
36%
36 Ve
36 5/b
*13%
13%
98%
98%
8%
*27%
.
27%
*27 %
27%
27%
27%
300
78 34
79 3b
78%
79
78%
79 V*
3,000
2%
2 %
2%
23B
2%
19,300
2%
28 3
*4%
*4%
18
17%
17%
17%'
73%
73%
73%
74
74
17 Vb
73%
*169
172
171 %
!
*17%
73%
10%
*44
.
45
*44
45
:
';?•
■
.
*5
36%
36 %
36%
36%
36%
*5%
5%
*5V4
5%
*17%
6
*
6%
*8%
*32
9%
*8%
9%
32%
32%
32%
42%
42
42%
*37% ■38%
38
*42
2%
1
*132%
2%
42
42%
171%
171%
*44
17%
5%
112
38
41%
;/! 2%
133
55%
55%
*55
73
*71%
73 %:
53%
53%
53%
•53%
122%
122%
121%
122%
*24%
24%
*54%
*71%
53
52
121% 122
122
24%
24%
49%
*47%
*47%
50
*47%
*2%
3
*2%
3
2%
2%
*2%
2%
2%
2%
2%
83
*77
*15%
4%
*80
16
*79
16
16
35
*72
73
73
*164
169
*165
V;
/,
120%
120 Va
24%
24 Vt
*47%
4934
V
2%
2%
*2%
2%
3
2%
2%
82
*79
83
15%
15%
*15%
*33%
35
-*4
4%
■.
*33%
35
'
72
73
171 ■> '
"
72
17.1,
*165
v
*79
16
'
4%
4%
•
~
72%
*165
15%
4%
*3%
4%
,
4%'
•
*34
35
*34
35
72%
*71
72 3 i
171
525/a
49%
81
81
16
4%
4%
35%
*35
>83
*15%
2%
73 V*
24%
*2%
2%
Z
55 Va
24 VB
50
2%
2%
41 %
72%
*165
171
*165
'
V
134%
*47%
X119% 120
;
24%
24%
*47%
50
"413/8
52%
52%
"SO
/
55%
74
53%
121V4
,
55 %
73%
"'
900
;
*9%
*37%
*9%
10
39
38%
38%
117
*41%
41%
42%
117
'
.
*
18%
10
10
117
117
18%
19%
10
v
38 %
116 %
83
15%
4%
35
72%
70
*63
70
*65%
68%
21%
*65%
*21%
23
*22
23
23
40%
*38
39%
34V4
*38
54%
40%
*39
39%
341/4
*34
343%
*104
54%
*38.
*39
34%
*104
108
4%
54%
4Va
53%
38
103'/a May
Dec
34% Mai
Jan
50
6%
Jan
10 Va May
Jan
25% July
15 V<
Jun '
July
11 %
.
Jan
1%
Jan
4% May
Jan
'/90-Y May
69
16%
Apr
6%
Jan
9% May
12%
Jan
/ 24% July
25
Jan
34 % July
99
Nov
4%
42
11%
59
Jan
8
•Jan
Jun
/ July
11%
Feb
86% May
Dec
113
Jun
77% Jun
,
Jan
x76%
Oct
9%
Z
Jan
6%
v
101
-
Jan
67
Jan
X118
105% Jan
Apr
114%
Oct
15%
Jan
223/4 July
80%
Jan
102% July
79%
Jan'
97
Oct
24%
Jan
28% Mar
X24 %
Nov
40
93%
Jan
17%
Jan
1R
Jan
May
114%
22% May
114
109%
Jan
Jan
18%
Jan
Si
Jan
17%
Jan
35 3/i
7%, Jan
15Va
5
Z
jun
69 Va
Jun
2% May
Jan
>3
19
9
Sep
96
Jan
Sep
38%
66
Jan
/ 5%
Dec
Jan
Jan
/
July
9 Va
Jun
"
2'3%.Nov
35
60% Mar
76 %
Sep
2%
Dec
2%
16%
•
99
Jun "
Jan '
Apr Z
29% Dec
:
100
Dec
Dec
3Va
Jan 14
5
13
Jan
4%
7
10
Dec
2%
:
Jun
x26
94%
17
17
10
Jun
33% July
55 %
100
14% Jan
No par
•——20/
Jan
"
15% July
40%
97% Jan >4
8% Jan 27 '
26%
Jan
23%
102Va Jan 22
4% Jan 7
98% Jan 3
4Vb Jan 17
Mar
Jan
94 Va
fe
17
2% Jan 3
32% Jan 28
2% Jan 7
28% Jan 19
Jan.
13% May
Jan
99 Va
84 Va
Jan 25 /■
9 Ve
„
5% Apr
19
Jan
July
59
>Jan
75%
Oct
Dec
181%
Apr
Jan
10 Vb
Oct
5%
17
26
12
11
39%
Jun
44% Nov
'/ 30
Jan
4
Jan
x42% July
7% Apr
13%
20
108
11
,
Dec
168
19%
Jan
114
Jan
Apr
Oct
'
8% July
9% Jun
Z 4% Nov
5
8%
29 Vb
24:
26
Jan
29%
21
Nov
Jan
32
18
Jan
ii
20
22
.
,
4VB
54%
4%
4%
"
Vanadium Corp of Am.*,
tyVan Norman Co—
Y 600 * Van Raalte Co lnc——
No par
2.50
—.5
1st preferred——
100
100
;
53%
53%
50
4%
53%
V,
683/4
115%
*115
39%
*37
39%
39%
*39
39%
39
39%
*38%
39%
3434
*34%
35
34%
34%
*34%
160 'Y
*
35
.
/
"
800
,
•
*104
108
*104
108
*104
150
150
150
150
500
108
*147
•„
210
—
Vicks Shreve 81 Pac Ry——'
5% non-cum preferred
Victor Chemical Works.
1,600
/
115%
*37
1
vZ
Z: 3,000
53%
115
—w
600
„
7%
Vick Chemical Co
1,100
217e
4%
,/
I/.-/.;/
1,800
■1,400
.
;
-
Jan
37 Vb May
42
44%
'.
/
July
Jun
33/a May
:
•.
May
64%
Jan
■— -1
Apr
503/8 Aug
Jan
3%
July
3
Oct
Jan
88
Oct
>13%
Dec
20% July
2%
Nov
6% July
30 V#
Nov
59 V4
Jan
150
41% July
75% July
165%
Jan
15%
Jan
8%
Jan
25 %
Jan
Z;
Nov
253/# July
12%
Feb
37%
Oct
120
Oct
115
Vb Dec
51
Jan
65
57
.
Mar
40
Feb
67% May
20% Nov
22
•
•29
Jan
Jan
%
';■/,./■■
Jan 21
4% Jan 15
56 Jan 15
116 % Jan 18
40% Jan 3
39% Jan 15
34% Jan 6
105
Jan 13
150 Jan 11
Nov
July
56
Jan 4 v
—
.
125
1%
19% Jan 15
10 % Jan 26
39% Jan 27 *
118 Jan 3
42% Jan 24
66 Jan 25
7
21 Vb Jan 7
4% Jan 3
' 52% Jan . 3
114 % Jan 7
39
Jan 19
39
Jan 19
34
Jan 17
102
Jan 4
150
Jan 11
20%
Nov
59% July
Jan
42%
4% Jan 18
35% Jan 14
73 , Jan 24,
/.
74
47% Jan
Jan 26
17% Jan 6
63 V2 Jan 15
—
Dec
62
112.
82
4
4
3
.
130/
Jan
Jan 24
,/
Sep
Jan
46
54% Jan 17
122% Jan 18
243% Jan 24
45 Jan 4
3 Jan 5
3- Jan 4
8 Z 166
46%
Jan
101
Jan 11
73
13
4
4
4
13
17% Jan
9% Jan
37" Jan
413/4 Jan
100 Z
—100
Va-Carolina Chemical
No par
6% div partic preferred>100
Va EI & Pow $6 prel—No par
Va Iron Coal & Coke 5% pfd
100
Virginian Ry Co
25
6% preferred—
—
—25'
Vulcan Qetinning Co
100
Preferred —
——
100
58
6
3
27
3
4
28
26
1163/8 Jan 28
5
r..5
3
.
,
164 / Jan
.—100
8% preferred—
!/
70
*65%
21%
Jan 13
•
42%
*63
-
68%
,
U S Steel Corp
,
-
116%
42%
'130
25%
43% Jan 5
134% Jan 28
40% Jan 27
_10
S Rubber Co—
8% non-cum 1st preferred——100
U S Smelting Ref &.Min—
50
200
22,100
39
115% 115%
40%
*38
108
6% Jan 5 • , 7% Jan
50 Jan 12 • 5434 Jan
8 Jan / 6
' 9V4 Jan
27 > Jan 4 ''29 Jan
75% Jan 12
80% Jan
V 54V» Jan
Preferred———50
70
Jan
No par
50% Jan
3,300
Preferred——
100 •. ,xll9% Jan
> 1,400 ; U S Tobacco Co—
No par
22% Jan
:>Z.
'7 % non-cum preferred
25..
45, Jan
1,200 / United Stookyards Corp—
1
2% Jan
1,100
United Stores class A—
»—5
2V2 Jan
200
:
$6 conv preferred:
—No par
76
Jan
500
Universal-Cyclops Steel Corp__
1
14% Jan
2,400
/Universal Laboratories Inc--——-1
Z3% Jan
10,.
Preferred————No par
31
Jan
4
Z 90
UuiversalVLeaf Tob----,
v_No par
70% Jan
T
'
10%
40%
115
*143
*143
*143
*4%
115
116
39%
108
*104
54 Vb
*115
4%
3'
15
July
34% Dec
/
9%
16
-
.
.
/
-
42%
*63
■
-
—
800
•
1874
*10%
1163/a
117
69
*65
*22
54%
*116%
10
,
39%
23
69
117
117
st
66
68
54%
38 %
*41%
*65%'
*115
*116%
;i
39
42%
*63
4%
*38
Jan
1% Jan 14
36% Jan 25
'' / / %% Z:/
12% Jan 27. %'; 14 / Jan 3
95% Jan 4
98% Jan 22
.
600
171
18%
18%
18 %
.10
*41%
68
*22
10%
42%
69
■
18%
9%
41%
*63
4%
117
18%
66
42%
*63
4%
38%
Feb
Jan 21
.
.'/,/.,T:
19%
19%
19
Jan
25
Jan
Sep
6% May
lVa
v
U S Freight Co
US Gypsum CO—
7% preferred.,;
•
26
Jan
May
8Vb
3
4
lVeJan
33% Jan
—5
-1
100
P-5
5
68
Jan 27
3
Oct
49
26%
11
12
21
11
21
21
;■ V
100
300
•
2%
*71%
55%
*71%
56 VB
72
.*
-
■
10
July''
9%
Jan
3
Jan 15
6,000
Z
•
39%
134%
V,
134
*54
55
73
24%
2%.
40% -41%
134
133 3/8
133%
55
53
2 %
3,100
2,300
■;
'"•■
95
/ Jan
.
41%
41
42
133
ZY 2%
23a
.
;
VyZ/
9Vt
44 "
*38
38%
20
31%
31%
*42%
*37%
39
5,100
/
5%
*8%
32 %
300
)
112
5%'
42%
/
1.500
Z
v
5%
18%
'
9V4
*8%
/'
v\
*5%
*110%
5%
31%
*42
Z-:.;
17%
112
*110%
'
42
'42%
:'
5%"".,
17%
17%
323/4
42
2%
37
36
■
//: 8
Jan
4
113% Jan 14
'Jan
Oct
Dec
52
Jan 20
96 Jan 14
27% Jan 6
29% Jan 24
106 Jan 11
25% Jan 7
103% Jan 25 /
22 Jan 18
Jan 20
14
53%
V
Jan
33 %
•
28% July
v
Jan
2%
101
4
Jan 11.
Jan 3
Jan 27
Jan 19
Jan 19
;% 20% Jan 12
93V2 Jan
/,26%
27
102%
2278
102%
July
13% July
Jan
35
115%-Jan 15
112% Jan 19
• 19% Jan
6
18% Jan 14
93% Jan 3
JulyZ
18
Jan
Nov
6%
6%
41% July
•
;
7%
20
Jan
Jan
Jan
Jan
Jan
Jan
y
■
Jan
16 Vb
5
10
21
14
14
5,500
45
36
1,000
10
10%
*44
5%
9%
32
37%
*10Vr
'
8%
*72
*2%
'/.
250
'
45
5%
•
618
//■' 5%'
*8%
V
-V
8%
Apr
53% July
Jan
Jan
.
24
17
1.4
6
19
10
72% Jan 14
75 Jan
100
170 Jan 10
172 Jan
;
U S Hoffman Mach Corp
5
8% Jan . 4
11% Jan
;
.5 V2 % conv preferred
—50 1
42 Jan 7 / 44
Jan
j
U S Industrial Chemicals—-No par'
35% Jan'26
37% Jan
U S Leather Co——-No par / "
5 Jan 19 // . 5% Jan
V
Partic & cony .cl A—No par .... 16% Jan .3 •
18VaJan
Prior preferred———,—-—100
110%,Jan 13
111% Jan
U S Lines Co—
—1
5% Jan 27
6% Jan
Preferred
_10
8% Jan 25
9V4Jan
U S Pipe:& Foundry--—;
20
31% Jan 28 -= 32% Jan
f
U S Playing Card Co——
10
40% Jan 3
423/4 Jan
U S Plywood Corp—————1
37
Jan 10
39
Jan
/ U S Realty & Impt—-——No par
1% Jan , 3 . ' 2% Jan
174
*171
10 V,
b
•„
*35%
.
17% Y
43%,
37%
134
:
35%
■
32%
2%
24%-
1,100
/ 1,600
8%
2%
*132%
135
17
74
32%
*42
38
2%
16 34
73%
;•
♦110%
6%
6%
6%
6V8
/V
112
*110%
112
*110%
110% 110%
18.
18
17%
•
16 34
*10!
:
Z 13% May
Dec
lO'AJan 17
85% Jan 6
Jan 6
j 111% Jan 25
United Gas Improv't ex-distribtionUnited Merch & Mfrs Inc——
1
5% preferred——
100
United Faperboard—
:
-10
U S & Foreign Secur
—No par
.Z $6 1st.preferred
---No par
-•
72%
10%
*
500
7234
44
// 5%
18%
18
%
16%
171%
/? ,33%
5%
36%
3,500
9
99%
99%
17%
44 ;•
Z
400
.
74
10 %
10%
10%
10%
10%
10%
45
*44
172
*168%
172
*168%
17%
'
9
100
s,
300
4%
9
8%
100
100 1
100
.
'10,100
102 %
4%
4%
r-
99%
9%
'
9
9%
9%
100
99 Va
102
102%
-102%
4%
4% "
4%
9 %
101%
32%
31%
31 %
101%
102
2%
30
30%
30
30%
4
<
5% Mar
Jan
41%
583/4 Jan 28
115
No par
Preferred:
Unite:d Electric Coal Cos
United Engineering & Fdy;
/ United Fruit Co—
—Nn par
,'4,800
,
99
99
99
42
9 Vet
79 %
4%
9%
8%
*27%
102
$4.75 preferred
United Dyewood Corp—
,
190
8%
27
2%
;v
54
*52
51%
83/B
27%
28%
200
J an
33%
25
Jan
Jan
Jan
Jan
Jan
8%/Jun
45
Jan
/•; 3 Vb
19
51% Jan 10
'
100
preferred
United Drug Co—,
200
.
51%
8%
8%
23'8
6 %"
7
8V2
19%
13%
3%
8% May
8%
6
5
22
17
10
10
9% Jan 11
79% Jan 14
No par
% United Corporation—
No par
•
$3 preferred—
:
-No par
/'/
./:^ZY;
5,900
v
98%
*6%
-
|
13
>■' *97%
99
•
8%
54
51
543/4
8%
79
6 3/4
6%
7VB
*6 3/4
*
1234
12%
12%
*97%
*54
35,800
/%•
12 Vb
102%
*4%
9%
9%
36%
98 %
27%
102%
4%
*4%
35 3 4
12%
78%
28%'
29
102%
36 VB
98 V4
78%
2%
2%
2%
*28%
102%
35%
13%
*27%
78%
36%
11,500
1%
35%
,
1%
99%
7Ve
25
1%
12%
8%
8%
300
200
1%
*98 %
54%
54%'
28
*78%
:
700
:
l3'„
13%
*6%
7%
8%
.64
*23%
25
99%
13%'
*98
*62
conv
5
3 v
5
4 :
4
v
United Air Lines Inc;—
10
••;/ ■//4%%; preferred _—.——-—100
United Biscuit Co———No par
•/
5%" conv preferred——
100 / 112
United Carbon Co
No par
63
United-Carr Fast Corp
.-No par
22
112
1%
1%
5%
,
,
f
3,300
/
21%
Jan
Jan
Jan
Jan
Jan
90
8% Jan 3
9%
21% Jan .4
227'a
28% Jan 3
303/*
100 Jan 4 \ 101.
; 5% Jan . 5
.7%
—100 H/V 68% Jan „ 4
Z 76%
1
8% Jan 6 >' 97/8
Co
Under Elliott Fisher
800
7,100
103%
*21
*111%
63
*23%
1
23%
103 %
21%
63
-
'
112
*111%
/
102%
23%
103%
*20%
25
*23 %
1%
54%
''103%
:
*101
23 %
23
28%
28%
28 V2
103 %
63
64%
25
112
,
'
28 %
21 %
21 Vb
*111%
99%
98%
a
102 %
/,
.
103%
103%
21
112
*111
112
29
28 Va
103%. 103%
23%
23 >
29%
1V4
7%
981
27%
1%
54
97%
94%
103%
25
19
♦26%
20%
26
112
18%
47% Jan
Union Bag & Paper
No par
3,800
Union Carbide & Carb
No par
60
Union El Co of Mo $5 pfd—No par
100
Preferred $4.50 series——No par
Z 6,100
Union Oil of California—
25
3,700 . Union Pacific RR Co
—v
100
■'Zv: 700
* • 4f« non-cum preferred—J—-100
1,200 Y Union Tank Car—
—j—No par
9,300
United Aircraft Corp
5
115%
*110%
19
27%
103%
*25
*115
112
18%
943/4
21%
'
116%
*111%
19
99%
103%
64
*115%
112,
94%
103
64
116 J/2
par
———No par
par
par
Par
City Rapid Transit—>._No par
preferred
Twin Coach Co
1.300
Jan
Jan
Jan
Jan
,
4,300
81%
97%
24%
*63%
81
v
Twin
%
7%
v
1,900
8%
95
29
200
5834
;
99%
*93%
103% 103%
*111
81%
*115%
24 V8
112
81 %
81%
112.
23%
*111
9%
*18 34
24%
21%
57%
9%
9%
19
24
22
57%
9%
81
104%
24
56%
9%
112
27 %
*21%
2,400
9%
115%
104%
-
103%
*9%
18%
27%
29%
29
29
104%
*73%
9V4
56%
104 %
*27
27
26%
73%
9%
99
95%
28%
73 %
9%
115%
100%
95%
*103%
73%
*57
,
200
9%
81%
4,100
/
19
13 V»
100 Vb
Y 25
,
20th Cen Fox Film. Corp
No
$1.50 pmferred—^
No
$4.50 prior pfd
——No
t
•
7%
*7
111%
.
.
19%
19%'
i
102
"101
7
12 Jan
32% Jan
2 ' Jan
8
.Y». 18%
12%
1 // 3%
*.-No par
85'■
Truax-Traer Corp
6,900
30
29%
30 VB
101%
6%
10
700
Z
74%
73
9-%
81
115%
*112%. 113
100
95%
6%
56
.
29%
*100%
7%
V
9%
22 3a
22 V8
22%
4% Jan
.
Apr
35% July
3
u
Z Tfi-Contlnental Corp.-—
./.
$6 preferred.:—
7,700
89%'
9
■V 9
9
22%
101
*88%
89%
*88%
:•
30 VB
30
/
"
22%
101
9%
9%
115%
115%
112
30 VB
100%
9%
81%
81
81%
89%
/
3%
; -
»
Jan
Transamerica Corp
2
Transcont'l & West Air Inc
-.-5
Transue 61 Williams St'l—--No par
3,800
1,000'
•'> '•
•
./
13%
3%
31/Z
...
•
-
•
/
.
10
Timken Roller Bearing—-—No par
700
19
19
*13
<
3%
*8% ,/ 9
223/b
743/4
9%
9%
9%
*88%
9
*9%
7
Corp,._No par
$4.50 conv preferred—-__No
ZTimken Detroit Axle
i
2,500
,
43
10
preferred
26% 16% Jan
18 V-10% Jan
4 . ' 21V8 Jan
13
14% Jan
3 /52 Jan
6
6% Jan
11 ...Z 95 . Jan
26
8 Jan
11
45_ Jan
19
.;/4'/8 Jan
.3
123/4 Jan
10 / 35 Jan
4 ^Jan
> 5 >- , 20% Jan
4 > -14 v Jan
3
103 Va Jan
;3
28 Jan
7
49% Jan
Jan
"
35
5
$3.50 cum
1,010
8%
8 Vb
8%
13%
*13
3%
7%
56%
56%.
3%
22%
*73%
49
18% -183-4
13%
9%
49
92'/8 Jan
' • 7l/4 Jan
,
preferred—
N< par
Tide Water Associated Oil-— —10
Y
6,300
r
v
26%
8%
8%
8%
19
75%
;
-
v
89%.
30
26%
49
*47%
49
2,800
600
-
103%
26 %
26%
1.800
■
.
1..
—
Thompson (J R)-—-——-25 •
Thompson Products ———No par ■;
Thompson-Starrett Co—'-No par V.
200
1
13%
13%
103
103% 103%
26%
/Zj
Y
34
34
13%
13%
13%
103%
*18.%
7%
9%
2%
13
*12%
13
19
50% Jan 10
13 V/// 5 % .Jan 5
7
353/8 Jan 15
—100
—-
Third Avenue Transit
100
20 Vb
*13
7%
75
*2%
*19%
"48%
3%
100%
101
2%
19%
13%
22%
30%
29%
101 %
2%
*19%
2%
20
26'/a
8%
*8%
22%
22%,
22%
30%
*100%
34%
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
5% Jan
Jan
5%
Jan •.5 *♦' .7% Jan 12
»
Feb
4%
-35%
Nov
22%
42
Jan 3
45% Jan 13
—_5 Z/V;; 4% Jan 12'/%;.■/4% Jan 7
Jan 3/ ■ 11% Jan 5
—j
//Thermoid- Co
300
$3 div conv
V
,
7
.
27%
—50
-No par
The Fair—
Preferred—!
30
4%
*4%
4%
*4%
3414
18%.
*88%
9
*8%
9
22%
88
88
,89%
300
6,800
44%
*12%
103
49%
3%
3%
44 3'*
44%
/ ,;/
.//.i
7%
43/4
13%
13%
26 3/4
*13 '■/
13%
7%
7%:
300
y; 60
6
•
2,400
!
:
,
''Z'/':;'};
.53
7%
.44%
12%
20
103 VB
8%
*5%
*91%
345/B
2%
13%
18%
3%'
3%
3%
*8%
.
6
93
*55b
*91%.
34%
2%
49%.
13%
12%
26%
;
51%
44%
*4%
4%
13
Zv
19%
»13Vb
*50 %
7%
;
*44%
45
20%
8%
*13
*88
•
19%
13%
52%
18%
93
7V4
35
19%
8%
8%
8%
49
!
■
*91%
102%
26%
26%
-
2%
13%
102%' 103
103
103
19%
*13
;v 52
6%
*5%
2,500
ZZ; 3,300
9%;
9 V4 /-
.
3
Jan
Texas Co (The)
—25 Z; / 48 %
Texas Gulf Producing———No par
43/4
■/ Texas Gulf Sulphur
No par r , 34%
: Texas Pacific Coal & Oil—
-10 V 15
Texas Pacific Land Trust--——1
9
/Texas & Pacific Ry Co—-100 ://Z/;i7 %
Thatcher Mfg Co———No par
12%
$3.60 conv preferred
No par , ., 51
2,300
15%
*15%
Tennessee Corp__
7,000
Y2,900
35 V,
*51%
13s/b
,
'Zi/rZ
4%-
35
9
9
19%
20%
•
20%
15 Vb
19 VB
7%
35
2%
2%
2%
*19%
i 15 Vb
9%
*51
6
*12%
35
15%
*13%
93.
4%-
12%
34%
52%
•
44%
4%
12%
*4%.
35%
13%:
7%
44%
43%,
43%
*43
49
4%
——_1
Telautograph Corp
600
11%
48%
4%
35%
p.
20
*51%
7%
7%"
11%
48%
4%
15. •:
i..- 6 /••;
6
93
;
11%
48%
9%
19%
.
*90;
93
*11%
5
15%
*13%
52
52
/
52
52
*91 Va
11%
49
35
13%
*13%
400
26
6
Highest
$ per share
pef share
32% Jan 28
33% Jan
5
63/4 Jan 15
10
29% Jan
No par
Talcott Inc (James)5% % partic preferred—
.
Z-V'/y
4%
48%
35%
20%
20
V,
110
Z
\
45 V4
•
*4%
4% :
'
Z
z' 7%
.
4%
9%
f
9%
/
*45
43/4
15%
15%
9 %1
45 V4
"
•
5%
*35
35
*
7%
Z. *45
11
11%
48%
5
// *7
45
6%'
%
43/4
11%
5
7%
,
4%
4%
49
5
6%
45
45
43/4
4%
*7
7%
"
*7
*44
4%
v.:
'
6%
27% Jan
Swift International Ltd
SylvanU Elec Prod's Inc
/..Symington Gould Corp
20,100
30
44%
48%
49
4%
31
29i%
6%
*11%
11%
48 %
30%
30%
*7
5
*4%
*11V8
30%
30
t per share
I per share
Par
Shares
I per share
S per share
share
31
44%
/•
* per
t per share
Lowest
Lowest
;■.
.
Year 1943
Range since January I
Highest
1
EXCHANGE
the Week
29%
6%
7%
*7
*
Jan. 28
Jan.27
NEW YORK STOCK
Sales for
Friday
Thursday
Wednesday
Jan.26
28%
31
31%
6%
SALE PRICES
„
share
28%
28%
28
AND HIGH
Tuesday
Jan.25
Monday
2%
;
Jan
39
Jan
115
44% Oct
26%
Aug
Feb
6 3/8 July
68 Va
July.
Dec
X123
Aug
20%
Jan
45
Oct
27
Jan
40
29%
Jan
35%
80
Jan
110
Aug
113
Jan
150
Nov
Oct
Sep
J
W
47
47
*10%
46
46%
45%
10%
10%
10%
*10%
27
27
*106
110
26%
♦106
45%
10%
45
46
45
45
10%
10%
10%
10%
27
27
27
27
27
110
*106
lltf
'106
110
For footnotes see page
463.
*46
*26%
►106
1,200
Wabash
10%
1,100
Waldorf. System
27
27
110
10%"
"
RR 4%%
47
27
*106
110
800
Walgreen Co
4%%
preferred
preferred—-100
No par
No par
100
24% Jan
40Va
Dec
3
49% Jan
11
10% Jan 19
10% Jan
6
7%
Jan
11% May
26% Jan
13
27% Jan
7
20%
Jan
,28 % July
106 Vi Jan
19
106 V* Jan
19
40
Jan
103
Feb
109
Jun
-
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4251
NEW YORK STOCK
AND HIGH SALE
LOW
■
Monday
Saturday
j,
Jan.
i
,
$
50%
U7'.i
'•.
17%
7%
9
*n%
*
*17%
17%
,13%
13%
*23
24
*22 >4
23
>16%
*24%
17%
23,
*76
.12%
•
:
23
-
J
,
25
:
■•;< 81/4
171/4'
8
..8:;;>
1%
nVi
1%
45
13%
12%
12%'
24%
17
17
24%
25%-
6%
22% V
78
-
!
,
|
■
*6%,
,
22%f
;
:
Webster Elsenlohr__:
Wesson Oil & Snowdrift
$4 conv preferred-^.
700'
19%
,86%
86 %
ioo%
100%
:87%
.88
116
II6V4
116%
18%
.18%
J18%
•
-r'19%
19%
86%
..*100
86%-,:
18%.'.
89
»,
18%
v
*105
106.%
30% r 30%
18%
87 /
87
*98i/e
89
'•'■•
*86%
100
.
"116%
18 %
30
/
,
4%,
4%-
..
-,.4
4
.
>w.
■
•173/4
.V.
•105
;
9%
42%
423A
23%* 23%
231%
23%
23
233/8
22%
943/4
95%
95
:22%
23'%
23
231/4
23
\ 96,
96'A
95%
96V2
95%7/96
*132
V'. '
23% i-i.
23% ;
133
*130
'
"43%
43%
,
133
133
;
1133 f,*
•
"
*32%
33
•26%
59
X98%
:.-.*2i%
21"%
;
21%
V *66%
,67%
;67i/a
*18%
191/8
21 %
21%
.
.
67.1/8
>
!
.
67
'
No
7
130' "v
33%
'3,300
*128
.;•
'133
,
:
1
,
1st
partic
98%
98%
211/4
21%
21
67%
67%
*66%
191/8
*18%
19%
*18
21%
203/4
'
v.
106 3/4" 107%
59
*55
59
*97%
.:.
*55
98%
59
-•*
*
200
t
300
98%
*213/8
213%
>1,000
66%V 66%
21%
677/b
I -170
■;
/. 19
5% 7c
15
July
Jan
15% July
22
Dec
32%
Apr
23% Jan
7
15%
Jan
23%
19% Jan
4
12%
Jan
20%
25% Jan
14
7% Jan
14
Jan6
24'/4 Jan
6
78% Jan
12
19
203s Jan
2%
8
Jan
7
,
Jan
8% July
17% Jan
26% July
Jan
79%
8%
Jan
201/4
Dec
Aug
3
87
Jan
26
50%
Jan
101
Jan
13
67% Jan
99
.85% Jan
'3
89% Jan
12
57
Jan
Jan
22
117% Jan
10
109
Jan
4
20% Jan
14
5
1061/8 Jan
17
103
Jan
29% Jan 28
32% Jan
5
19
Jan
;.
,,;/ 3%
71/8
...41%
22%
Jan
7
Jan
22
94
Jan
3
130.
Jan
20
133
Jan
„32> Jan
4
/
25% Jan 13
105V2 Jan 12
34
Jan
27% Jan
.
..
.
.
.
50
50
.
,
No Par
No par
Oct
87%
Oct
119
11% Jan
Jun
IB3;
Oct
110
Sep
311%
Dec
Apr
Apr
4% Jan
13
2%
Jan
6 Va
3
10% Jan
12
5%
Jan
11 %
Jan 27
44% Jan
5
37%
Oct
49%
Oct
Jan 20
24 % Jan
5
22
Nov
24%
Dec
Jan
T.
—.12.50
Nov
85
4
„',16%Jan
.105% Jan
No par
July
69
Jan
116.
,
__100
Sep
Dec
26
17% Jan
,
96% Jan
.
10
23 3'a Jan
25
96% Jan
24
81
Jan
100
July
25
120
Jan
136
Jun
14
31
Jan
40
26
22% Nov
3
15% Jan
24% May
July
29% May
108
Jan
5
52
Mar
60
Apr
99
Jan
22
85
Jan
99
Oct
22% Jan
5
18
Jan
58% Jan
24% July
71% July
15
Jan
20
13%
Jan
22'A Aug
10% July
106%
—100
t
"3
207/8 Jan
3
28
18% Jan
6
19
Jan
15
20% Jan
No par
No par
\
.97 % Jan
66% Jan
100
$5 conv prior pref
May
2% Mar
56
6
83
100
White Dental Mfg (The S S)
13
Jan
7%
Oct
"
,,
100
preferred
conv
22
18% Jan
No par
Instrument
13% Jan
24% Jan
•
3
pfd
Wheeling Steel Corp
:18'%
*18
..
'
3
17
4% Jan
% Jan
26
47% Jan 11
;
26
Wheeling & Lake Erie Ry
4
98%
"
4%%
Westvaco Chlorine Prod...
$4.50 preferred
/600
6
11
6-% Jan
preferred—...
.
Jan
1% Jan
16% Jan 21
—No par
Weston Elec
9
77
Westlnghouse El & Mfg
500
27
27
27
22% Jan
1
Westlngliouse Air Braxe
50
34
,/ *27%* ' 273%
'
1071/4
*106%
*55
,
*33%
Power
Jan
Jan
22 % Jan
Sugar Corp..,
Class B—
,6,800
18% May
9% Jun
23
47c non-cum 2nd preferred... 100
Western Union Teleg class A .No par
'4,;oo
/
231/4
94 3/4 l-: 95'%
27% t. 27%.' <
....
Jan
par
Western Auto Supply Co
Western Maryland Ry__
{1,100
6,000
%: 23.1%.
23%
,
,
1,100
Jan
4%
No par
...
10
153s
11
No par
West Va Pulp & Pap Co
:
67c preferred
900
1,900
r 42%
*23
;
.23
95
130
-
*106%' 1071/4
•
.67 %
'
23'/a
27%
27%
28
•18%'i
*18V2 ■■19%
42
33%
132
*33%
981/2*; 98%
21%f'.21%>
21%
m
f
„
,
West Penn
*106
*9'%"
'
•
42
3/4
•'.22
.
370
18
7% Jan
lla4Jan
West Penn Electric class A—No
par
7% preferred
100
67« preferred
...100
'
f■59
*55
981/2 'I/,
.
9%
9%
41 3/4
33%
*130
,
-
•106% 106%
59
*55
98% ,•99
.
33%
*27%i:>
':28
106% 106%
107
*55
33%V:
33
•
*27
'27
106%
33
23% %
r
10
i: 410
:
29%r- 29%
*3%' ;v 4-r'
•
4
*3%
:
23%
;
4
10
43%
•23%
-.10%
.
:/
4
;
*9%
10%
43%
y
100
•
29% i'29%
43
10%
43%
89%
J
■
/
•
117 '
17%.!.'7173%
■
!: X 4%
140
,>
*971/4!*'. 99%
89-
West Indies
11,800
h 1163%
*105 i 106
301/4
86%? 87
'•'
V
117,i
*17%
v 107
*105
88
18%?;; 191/a-
893/4
■'
116%
18
'
99%
•
*89.
1163/4
18
106.1/4
19
18%
89
•
30%! ,30%
■
19%
*99
--.i
1
.100% :?
1161/2! 116%
'r,
116%
;
86%
i
89
89
*105
30%
86
100
101%
,
7,; 87
106 %
*105
•'*30%
:.
17% Jan
3
23% Jan
">
"
••19%
12
1% Jan
1
2,200
78%.'
54%
8
par
_5
Wayne Pump Co*
•
Jan
45
5
i 200
V'V
22%'
78% t
600
38%
7% Jan
No par
No
Waukesha Motor Co
1,200
5
7
17%. Jan
50
Washington Gas Lt Co
t per share
513i Jan
No par
Warner Bros Pictures
Warren Fdy & Pipe
Highest
I per share
19
por
preferred
I per share
485 a Jan
No par
$7
600
6%-
23
78%
22%
!78
Ward Baking Co cl A
Class B
'400
,100
'•;,'
No par
No par
No
700
17%
"
Div
23,100
25':
(Hiram) G & W
redeem preferred
Year 1943
Lowest
Highest
I per share
Walworth Co
200
23,
*24 %v
.
-
:
■
.24%
*17
:
"x-
8%
.
24
Walker
100
1%
t. 46V2
*22%*.
"
17
17
23
78
24% *
Lowest
Par
4,800
:.;12%r 13%
•
/•23%'K;!<
*24%. : 25
6% ' ' '6%
6%
22%
1%¥
*45
Range for Previous
Range since January 1
,
EXCHANGE
2,200.
7%
*8%f V
:>
,
45%
*22%
/
7%"',
-
45%
23%
v.'
17%* 17%
v
11/2
24%
251% f
22%|.
*71/2
*22i/2
*77'/ •S 78
78
17%
•',241/4.
.
,24%}
.
*17%
STOCKS
NEW TORK STOCK
•
Sharex
491/4*' 49'/4.
.
12%
>
171/41
,
8 per share
491%
"■'. 71/4
Sales for
the Week
•,;Jai^28
451%
•
:
23 /
49%
»/
share
7%
81/4
*
24
;
23/
.
% *761/2
'.
i%
per
Friday
,
,'
17%
:. ',71/4'
%U 46'% ,v
'24
.;
22% >23%
77%
46
12%!,13
17%
17'A
' ,7
,
,
.23
*24%
••••■•
;
24
*22%
7
-
13 %..
*23
•
25%
'"6%
46
*17%
,
8%
*1%
46
.
8%<
1%
*1%
.1
47
x
491/4
491/a
•
J an.'27
'
■■'7%!;.,'" 7 %/•
ya
9
*8%
;
1%
f 45%
;
Thursday
.
I per share<
49% /,
*17%/fl7%
7%
/r
%l
RECORD
PRICES
Wednesday
V'"' Jani 26 /
>
-
•<
share
per
49
497/a
"( ' ,7%
7%
';*8%
.
49%
Jan.4 25
$
t per share
per share
49 %
.
Tuesday
.:
:' \-y
Jan. U
;
463
4
22% Jan
5
,
20
; i
/68% Jan 19
Jan
112%
Jun
Jun
I.
-V:
7%
7%
5%
7%
V
5%
21
21%
21 ;•:••.
:
7'/4
f
/ *7%>r.
7%
5%.,
5%
5 '/a
5%
*65
68
x64%
64%
*24%
25%
*24
24%
'*24
5%
T/l'i 5
II;;- 5
5 r-v
5
•
6%
6%
6%
6%
*12%
13%
12%
12%
.*60%
"
n
:
■
■
8%
*11
82
*23%
24
24
5
5
5
63/4
6%
6%
63/8
12%
12%
8%,..
81% p.
11% '•&
11%
'•-'.
24
5
*12%
*12%t .131/4
.
82%
-
•HVs
11%,
v
6%;,
:
•
9
8%
8%
82
*81%
L
:
"
5
.6% /::
8%
8V4
11%
8 Va
8%
81%
87/a
81%
813%
82
11%
11%
a.
11 %
113/4
6%
conv
Motors
preferred
Jan
4
,'24
Jan
27
25% Jan
28
"4% Jan
14
5% Jan
6% Jan
26
71/2 Jan
$6
Co
8% Jan
•
12% Jan 12
■; 8
- Jan
3
6
5% Jan
/
5
•
14
Jan
2%
Jan
40
Jan
27
8
238
Jan
5
2% Jan
Jan
5
9% Jan
11
4
84% Jan
7
5
11% Jan
25
8
.
*120%
*21
113
22
%
-
22
•
22%
22%
22.
39%
391/8
39%
39
23
23
22%
*105
113
*94
103
39%
39%
393/8,
23%
241/4
231/45.23 7/a
;
113
*105
,
,
.; *105
__
113 V.;;
-'
*94 :*:•
.
50%
50%
50%
,
52%
52%
100;
*96
96
■
50
50
;
52% |
..
50:'
52%
52%
52%
83%
83'%
*83
84%
*81
;
69%
*69
69%
69
;
69
:
.
*29%
30
30
29%
'15
15
i43/4
15
15
371/B
37%
37%
37%
37
97%
971/2
98
983/4
99
15
15%
15
15%
14%'
-
30
;
(
*81
:v/
*105
K 103
94
50
*49 .%■
*51
51%;.
*50%
*81
83% I'
691/4
29 3/4
29%
113
*94
,
:.r£&
20
'
,
*69
69%
29%
14%
1%*.
14%
37%
36%
98%
98%..
971/2
15 ;'v.
141/4
143/4
143%
343%
35%
34%
83'A
69%
3%
30
•; 30
14% /15
34%
4%
i
.
•.
i
215
10
3%
400
•■if 98 %
98%
14%
i<j
14%
15
Jr
t,
.
5% 7c
410
Dec
Jan
13
22% Jan
25
17%
Jan
24% July
3
39% Jan
22
30%
Jan
4
24% Jan
24
16%
Jan
42% July
25% Oct
(Del)
No
105
Jan
27
105.
Jan
Jan
94
'.47%
12
94
Jan
5
.:.
Jan
5
82
Jan
104
Dec
149
12
100%
Oct
134
Sep
Sep
22
44% Jan
54
Jun
52% Jan
;
27
Jan
50% Jan
49
par
Young Spring & Wire.——No
Youngstown Sheet & Tube..No
22
46
Jan
14
84
Jan
5
78%
Dec
68% Jan 17
.
70
Jan
12
58%
Jan
70%
Sep
21%
Jan
31%
Srp
7%
Jan
Jan
17% July
411/4 July
Jan
98
Nov
Jan
26%
Jun
281/2 Jan
13
30% Jan
8
par
14% Jan
3
151/2 Jan
17
par
36% Jan
4
38% Jan 15
30
100
96
Jan
6
99% Jan
25
82
par
13
Jan
3
15% Jan
15
Co
25
preferred series A
Youngstown Steel Doox
3,900
121
20% Jan
Yale & Towne Mfg.
5,700
Oct
Jan
:36% Jan
2,200
^'3
373/4
98%
(Wm)
Sep
Apr
.10
1,000
X
.37
Wrigley
9 '/is
11%
No par
,
500
14% July
86%
Jan,
115
10
Jun
Jan
9
100
Oct
9%
.
Jan
'
37
99'/4
52
69%
14%
36%
>
pfd
7% preferred A
100
67c preferred B
—.100
Prior pfd 4% 7c series
—.100
Prior pfd 41/2 7c Conv series—100
Wright" Aeronautical
No par
10
1,200
*81%
'
29%
29%
15*
37%
v: •
50%,:
"
>
Wcrthington P & M (Del)
'
::
94
83%
v
Woolworth (P W) Co
9,900
39%
23%
50
,
52
69%
.
8,000
'223/8
39%
23'/8
105
105
:.'•"••
50%
51%
831/4
*68%
49%
1,800
Wisconsin El Pow 67c
Woodward Iron Co
'V; :;■;'
*211/2
1/39%
22%
"
96 V
*94
*1203/4
■
■
22
22%?:
|
iv
:.
39%
24
*105
*1203/47'._i
22
21%
39%
23%
*120 3/4
*12034
Apr
6% July
41/4 Jan
57%
'
•120%
7% Oct
86
x20%
Jan
.80%
10
.3%
5
Jan
10% Jan
No par
No par
preferred
Wilson-Jones
■
10
Wilson & Co Inc
1,000
71
1
800
*10%;
preferred
Willys-Overland
15,000
24
5
par
20
5
•1,300
8%
82%
24
26
./ 7%
.1
No
Wilcox Oil & Gas Co
11,500
13
8 3/8
•
Prior
,1,900
v
82%
82%
11
;
200
Jan
Jan
X64% Jan
JVo par
White Sewing Mach Corp
$4 conv preferred—
.
30
,
6%
6%
13
3,100
'
.■
25%
y 5
.25%
12%
v/y
67.
1
White Rock Min Springs
1,600
/
5
'
•
White Motor Co
2,700
:
8
5 ;'•.;;
*62
5
24%
,
v. 71/4'
■/
67
*62%
67
'
203/4
20%
•
i'-i V
5
5
51/8
>,Y
??■ i;
7%
7'/4
7%
71/4
5
*60%
.67
21 /■
20%
21
No
,
;
9%
,-57%
Jun
108
Apr
<'J(?
yyjyy
:
i
35%
35%
V
4
4
•Bid
and
■
••'
35V4*; 35%
35%
35%
-•
4
4%
4'/a
asked prices;
4
4%
sales on ,this day.
no
Jin receivership,
a
343/4'
4
Deferred delivery,
Transaclions al the Hew York Slock
343/4
4
I
listed
Railroad
United States
Total
and Hfiscel.
Government
Foreign
Bonds
Bonds
Bonds
4% Jan
s-Ex-dividends.
$169,000
$17,000
$9,232,800
13,873,100
453,000
11,000
14,337,100
13,059,900
12,139,600
829,000
27,000
12,995,600
9,403,600
418,000
57,000
v'9,878,600
13,473,700
361,000
15,000
13,849,700
618,650
3,891,134
$70,996,700
'
V
$2,863,000
$134,000
Week Ended Jan. 28
."•, 1944
shares...
.'
2
$73;.993,700
Jan
37% July
43/4 May
Jan
Ex-rights.
y
Averages
on
-Shocks20 ■„/
Rail¬
'
-Bonds-
Date—
January
January
24
January
25__.
First
Second
10
65
ties
138.24
22__—
10
Indus¬
Grade
Grade
Utili¬
Utili¬
roads
36.57.
22.36
137.97
trials
10
Total
18
Stocks
;.
Total
40
trials
Ralls
Rails
ties
107.04
105.26
72.11
110.20
98.65
48.67
Bonds
36.45
22.37
48.57
107.21
105.25
72.31
110.11
98.72
137.97
36.32
22.41
48.54
107.07
105.09
72.27
110.09
98.63
January -26——
136.71
35.75
22.18
48.01
107.06
105.04.
71.95
110.21
98.57
January
27——.
136.59
35.63
22.19
47.95
107.08
105.14
72.13
110.31
98.67
January
28——
137.19
36.04
22.47
48.28
107.03
105.20
72.65
110.31
98.80
—'
Jan. 1 to Jan. 28
1944
1943
3,891,134
13,699,900
7,000
191/2
10
$9,046,800
633,000
12 24
the
30
778,495
of
36% Jan
19
daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.:
are
Sales
688,089
'
3
3% Jan
wd When distributed.
,
595,190
Stocks—No.
Special sales,
3334 Jan
'
Bond
690,200
—
Total
No par
1
Indus¬
Wednesday
Thursday
!
Corp—_
Slock and Bond
520,510
—
s
Below
Stocks,
Saturday
Monday
Tuesday
Zonite Products Corp.
n New Stock.. r Cash sale,
Number 0/
Shares<
y
Zenith Radio
Exchange
Daily, Weekly and Yearly
Week Ended Jan. 28,1944
1,700
2,900
•
Reorganization Rails
.1943
,
,
5,409,170
16,833,744
17,420,132
s$23,200
$1,052,350
$244,700
(When,
Bonds
as
and
if issued)
'
U.
S.
Government
$134,000
Foreign
Railroad
2,863,000
at
industrial
2,183,500
8,887,000
11,388,500
70,996,700
78,840,600
304,847,600
282,736,400
—$73,993,700
$81,047,300
...
Bonds—
Akron
4s
Bid
Canton &
series
A
...
$314,786,950 ?
83
85
Bonds—
1988
-1988
87%
Inc
Akron
Chicago & Northwestern—
1st & gen
2d
Transactions at
New York Curb
Exchange
1st 4S_—1994
v
Saturday
Monday..
Tuesday..—.
Wednesday.
Thursday..
of
Foreign
Domestie
170,605
$387,000
$9,000
984,000
•/ 958,000
13,000
223,175
957,000
11,000
165,440
731,000
.
;
;
j
$26,000
2019
Grande—
59%
98%
57 Va
99%
'
income
Gen
mtge
'
1993
82%
49%
'
4,000
2,000
1,000
—
88
89
1991
50%
51%
$4,775,000
$49,000
;
$<853,000
Atlanta
Gas Light
3s
Blackstone Valley Gas
3s
Week Ended Jan. 28
1944
stocks—No. of shares
Jan. 1 to Jati. 28
1,098,465
1944
4,-754,330
r194
—
Central
Pow
&
1963
& El—
-1973
Lt 3%s
3,460,781
$4,775,000
$4,826,000
$16,438,000
$17,754,000
49,000
140,000
379,000
903,000
29,000
8,000
79,000
23,000
Delaware Power &
Rio
&
.100
Grande
Preferred
Minn
..
St
' Free
v
Western
com..—
.......
Paul
t
&
Sault
Ste
Preferred
17
37
17%
18%
36
37
7%
t c——-—.....
common—...
..—^
36
36
M—
c_^.._—...
v
Pacific
223/4
473/4
......
1%
25%
56%
8%
2
26%
57%
1973
101%
Ask
702%
.
Bid
Public Service
3%s
104%
104%
99% *
99%
Public Service
Ask
(Indiana)—
series E
1973
203%
IO41/0
1973
107%
108%
1972
1081
a
108%
107V2
108%
(New Hampshire)
3%s series A
Lt 3s—1973
104%
105%
Florida Power & Light 3%s_1974
4%s
1979
105%
105%
Puget Sound Pow & Lt—
4%s
101 Va
101%
San
108 %
109 %
South
101%
101%
Southern Colo Power 3%s_.1968
102
102%
Utah
Power
1968
102%
102%
West
Texas
1973
1021%
102%
York
Corp. 4%s_—
1958
104
104V2
Power
$4,853,000
$4,974,000
$16,896,000
$18,680,000
&
Light 3%s„1973
Northern Indiana Public Service
SVaS
1973
debs
1953
——
Diego Gas & El 3%S—1970
Carolina
Elec
&
3%s
Panhandle Eastern Pipe Line—>
2%s
Total—
——i*'■•
preferred
64%
46%
Iowa
1,322,505
1943
Bonds
Domestic
Foreign government—..
Foreign corporate
5%
29%
63
21%
Recent Bond Issues
768,000
$29,000
•Common,
Optional
1971
737,000
9,000
'.
83%
& Saulte Ste M—
4%s——*.
4s
*
,
—
' V".-
48%
Bid
Total
5% preferred
I—
Chicago & North Western com_»
5% preferred———:
Chicago Rock Island & Pacific—
'58%
97
Youngstown—
987,000
758,000
,
100%
58.%:
.2018
1st 3-4s income——
1st
'
'968,000
1,322,505
—
Rio
4%s
&
'-■997,000
199^730
—
&
Minn St Paul
*Total
$396,000
3.000
245,440
...
Foreign
Corporate
Government
318,115
...
Denver
96
28
—
Canton
Denver
r,
Bonds (Par Value)
..
Shares)
—
income* 4%s_—
Income
(Number
Week Ended Jan. 28, 1944
99'/2
Chicago Rock Island & Pacific—
I
Stocks
mtge l-4s__—.1989
Ask
4%s_——.2014
Common
mtge conv inc 4%s—T1999
Conv
Daily, Weekly and Yearly
mtge
Stocks
' *88%
$294,369,600
Bid
,
Pacific—
Western
Youngstown—
:
4%S series BTotal
Ask
100%
.
100%
1972
&
Lt
Util
3%s
3%s
110
Gas—
THE COMMERCIAL & FINANCIAL CHRONICLE
464
Bond Record
Mew York Stock Exchange
«»
FRIDAY
NOTICE—Prices
Interest"—except for Income and defaulted bonda.
and when outside of the
the week
'italic
The
"and
are
letters in the column
Last
Interest
7/
1-0
1947 -1992
3%s.
..1946 -1956
Af-S
l-O
Treasury
3'As
—
-1944 -1946
3%s—.
—1946 -1949
3'/eS
1949 -1952
3s—
—1946 -1948
3s
—-—■—-1951' -1955
27/eS
1955' -1960
2%s—7.—
—1945 ■1947
2%s_,
..1948' ■1951
2%s_.
1951- •1954
2%s_
...1956- ■1959
2%s
1958' ■1963
2%s_—
;
—I960- •1965
.1945
2'/as__._——
.1948
2'/2S...-—
—
—
2Vis
—1949- ■1953
2'As—....—
1950- •1952
2 y2S—.
——1952-■1954
Treasury
2'As.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury.
Treasury
—
Treasury 2'As
2'As .....
Treasury 2'As
Treasury 2'As
Treasury 2'/2s—mi
Treasury 2'As;—
Treasury
;,7_7 •'.* 0106.2
.1947
-.1944- 1964
3s
1944- 1949
Home Owners' Loan Corp—- ;
;3s series A.—,u—.
1944- 1951
M_
Unification
Transit
...1945- ■1947
•
York
New
.
;
1".,
77
City
111.23
'
Interest
'
10¥.9" 106"9~
100,18
22
*105.2
105.18
*111
••
v
m-a
111.2
■:■.:■■•!;'ivA.
111.20 111.23
111.20
"103.8
M-S
109.2
*109
J-D
;.•■:
M-S
y__;
111.9
111.9
/7:—,-/7 •iio.30 111
J-D
111.20 111.24
2.
103.11
103.10
*106.19 106.21
M-S
.
7>T; .;7_7
VZ
.1
'
10
.
M-S
<
_
-
J-D
M-S 7
• 106.3
•
107.1
*103.6
103.8
J-D
*100.9
A 6s
100.il
—
77,7
106:18
106.16
ZFZi?■-
J-D
100
■
J-D
15
:
loo
.
100
100.3
2
3
100
100.1
100
100.1
100
ioo /7/;/.'-
Cuba
'
Rica
1981
77
M-S
__
100.9
,
j.j
•
J-D
/. j-D
■::■■;■ 7
ffZ,
77ff7;>
'
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__
*100.23 100.25
'
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*100.20 100.22
ff
J-D
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-
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/
sink fund
5%s_
120
■^100.20 100.24
101,2
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109'A 110 5:
110
,;:
72
:
lio"
1083A
iund 6s
Irish Free State extl
.
t
f 7s
J-J
*17%
1945
J -J
17%
1945
7
NY
(US)
A-0
,:
A-O
c
Montevideo
J-J
1899 £
18%
17%
17%
17%
17%
17
18%
18
A-0
*16%
J-D
y
17%
59%
59%
17%
17%
11.
57%
1910—
27
98%
98%
93
92
93
117
92
1972
F-A
85 '/4
82%
85%
126
82%
A-0
75
82%
r
■<
92%
1956
Af-N
-1949
M-S
s
f 7s
—1955
A 7s
s
Brisbane
Ry)
102
J-D
53%
A-0
50'/8
A-0
—1957
.1958
1950
1961
stampeds
f 4Va-4%s
J-D
52%
47%
'
Af-8
.
78%
s
f 4!A-43As
1975
Af-N
79
1984
J-J
54%
1960
A-0
25-year
3'As
30-year
30-year
30-yr 4s_—
3s
1961
F-A
J-J
1967
47%
52%
.33
.49%
93%
4
92
11
95
92
100
72
j-j
81%
386
72
26
72%
86
,73%
80%
82
50
54%
.
•"
73%
A Chile
(City) 8s
(Rep) External
A 6s
A 7s
s
A 7s
Santa
A 6s
A Extl
6s
101% 101%
9
101'/a
3
101%
5
102%
103%
103%
assented
^68
A Extl
A 6s
s
lFeb~1961
assented
1981
F-A
Jan
1981
assented
1961
page
19
19
17%
A-O
18%
468.
M-S
A-0
sec
18%
17%
19
18
4
50
*
18%
46
-
77 7
F-A
i
16'/a
17
.
....
'
11%
10
•
10
-i 7-" ,'.7 .i
11% ', "
10%
V
14 %
,
ff5%"77
W
—
16
r
;
F-A
,
5
,89
•
93%
95
94
93%
A-O
95
85
85
85
90
90
90
90
88%
90%
.
"81%
—
Af-S
;
7
90
8
31%
35
18
19%
-38
16%
20%
16%
19
204
16%
17%
19
101
31'%
M-S
:
33
13'/a
13%
13%
16%
3
17
35%
.,12%
3
36%
38%
35%
35%
5
34
36
750%
18%
13
18%
19%
32
35
30
33%
40
19
39
41%
1940
A-0
40
1968
J-D
•
103.
38%
31
(State)
33%
34
35
J-D
34
34%
12
34
34%
Af-S
81%
82%
26
81%
1952
Af-N
35%
37
4
35%
37
Af-N
30
32
11
30
33
1936
J-J
J-J
*39
42
39
39%
9
39
41
1958
f__
8s
dollar loan
f
29
3
.1964
water loan
s
11
34
M-S
33
33
4
33
36
J-J
30
32
8
30
33
57%
58
6
57%
60
13%
13%
41
12%
15%
13%
13 %
12
15
1967
fund 4s_.
s
31
34
1950
sink
29
M-N
—.1966
(City of Brazil) 8s
1968
7s
—.1940
39%
A-0
..
39%
(Kingdom)—
A 8s secured external—
1962
13%
Af-N
sec
extl—
1962
Af-N
of)
(Prov
100%
3957
1926
loan...
extl
1958
J-D
1958
J-D
1955
F-A
s
7s_
f 5%s_
Uruguay
1940
conv
4-4%-4%s extl readjustment
3%? extl readjustment
-
*11%
—
1964
-
11
.1979
A4%s assented
external 7s
*88
—
12
14%
11
11
12%
95
92%
92%
14"
*86
68 Va
Af-N
J-D
1978
F-A
J-j
1984
1958
1958
F-A'
F-A
-
—
—
.
•87
Af-N
—.1978
1
41
,
,
65 Va
*59
1
—
49
69
61
66'%
s-
68%
*55
-
69%
61
61
15
66%
70
11
12
10'/a
12
60%
12
—
60
"3
63%
61
• —
-
"
(City)
*92'/a
Af-N
...1979
'
83%
.
_
-F-A
Af-N
—.I960
fund 6s
3%-4Va-4^ extl
7
50%
39
F-A
"
72
102
(State of)—
conversion
18%
14
30
do Sul
Fe external
A Warsaw
18
23
:
35
readjustment
18%
14
14
37
19
External
19
13%
37%
External
18%
13%
12%
13%
3%s-4-4y28 (« bonds of 1937)—
17%
4
13%
35
19
18%
IX Mr
13%
37
J-J
1952
18%
3
20
20
*23%
13%
J-D
(City of)
18%
17
.47
*12
16'%
AExternal sink
18%
"96%
*105%
—
13%
(Republic) extl 8s__
AExternal sink fund 6s__
18%
98
94
" 7'7_y
J-D
J-J
A
17%
100
"96
—.
Af-N
J-J
19
18%
95
94
100
Af-N
1963
A4%s assented—
19
35
95
95
*83
gold 8s.—.1950
19
18
89
*87
A-O
18%
,
89
96
jx
A-O
17%
17%
;
7.92
"7 96
f'96
(
35
7
92
;
32
93
;
A-O
Sydney (City)
17%
7
,'
98
''
F-A
1960
;7,
100
;
:". 32
98
18%
7%s
municipal
A Silesia
7'7
>
J-D
—1961
,
93%
'' A-O 7^
1958
8s
5
*100
Af-S
I;
10
f 33
*88
7/7 '^ A-O
A-O
18
18%
18 y8
10
89
A-O
18%
82
■
a;7'
33
7 *90
M-N
1961
A7s series B
.
'
—1940
ser.
external sink fund gold
6s extl
/7' "—
18%
18%
18%
18%
.17'/a...;
32
M-S
18
27
20
M-S
1982
1953
see
J-J
Sep 1981
Sep 1961
A 68 assented
footnotes
18%
.
*14%;
J-D >
18
1
J-J
Jan
sinking fund 6s
18%
>
'
;7 7
17%
•14%; 16%"
*11% "11%"';
1960
18
F-A
Feb
f 6s
AExternal sinking fund 6s
Foe
M-rt
17%
789%
102
5 A Secured
102,%
*—
/
10
33
1968
Serbs Croats & Slovenes
103%
101%
18%
:
18% 7-7
'90% ; -
*48
fASan Paulo
101%
M-N
8
;
14
(16%;
.11%; 11% *
;.
'
J-D
1947
:
A6V2S extl secured
102
101% 101%
103% 103%
2
A-O
14
Af-N
a
103'/a
A-O
80
62%
62%
98%V: 98%
F-A
1041%
10
iqbq
75%
2
62%
:19 Vv
.17%, .18%
;
A-O
104%
103% 103%
Il980
17%
,
7
..1947
22
102% 102%
sinking fund 6s
AW.v external
(99%
,
8s
..1946
6 %s—_1953
extl
j-j
assented
5
-
T6%y 16%
90
89%
?;
1959
ser
external
j-j
AExternal sinking fund 6s
.
-'.-*17'/a
7;
1 7s——1947
s
fund
Janeiro
A 7s
104% 104%
18%
f 6s 2d
s
(City of)
A 8s
l6i'/4
j-j
7s_
external 7s
s f 6s 1st
sink
109%
1958
1942
de
ASao Paulo
,
_1942
78
*12%
1967
4%8 assented
108%
1953
f 7s
extl
7
15
assented
(State of)
(Rep of)
A7s external loan of
54%
50
27
15
1951
sZffff'ffv-
m-s
—1955
ref 3%s series B_
sec
AExtl
80%
Jan
3s
; 99%
2
2
*18'%,
extl s 1 5s ser A.1963
A8s extl loan of 1921
80
75%
sink fund 4V2s
(Rep)
Rio Grande
80
80
Jan
A
ARlo
81%
80
15
Carlsbad
17.% '
*14%
—1965
APrague (City of Greater) 7%s
Queensland (State) extl 6s
95
74
108% 109
M-iv
1948
18
y
10
1956;
A4%s assented
97%
95
(City)
AExternal loan
93%
95%
4%s
AExternal
95
-
fund
APorto Alegre
541/4
:
Jan
3s
86%
'C.101%'101%
5 "■// :•
'"
J-D'
IJ-J
......1944
sink
".
51%
■?\ 49%
..
6s
....
,54%
,50
72%
•;;;•
J-J
1968
3s
-
1
,
62%
'
,7'-'
4'/2s
A
.
(Dom of)
Ti;//,
17 %
; .'
1-D
1957
A°6tabilization loan
51%
60
*95
External
2yas
73
Af-S
78
Canada
86%
,
7
101%:7 7 4
101 %
1933
—1958
(Rep of) gold 6s__
"A4%s assented
102
100
94%
A-O
f $ bonds
101
1
53%
93
1976
1970
s
102
7
5s..
ANat Loan extl
90%
50%
*97
f
lAPoland
101
50%
F-A
(State)—
f 5s
ANat loan
101 "
100%
50
Af-S
s f 4»A-4'As
read) 43A-4%s
external
88%
100%
"4
-
47%
J-D
-1977
Refunding
14
,,
47%
External
3%
89%
J-D
—_1952
1
30
108
100% 101
1957
(City) s f 5s
External
88%
*100
J-J
.1957
Sinking fund gold 5s
Sinking fund gold 6s„
Buenos Aires (Province of)—
A6s
93%
1941
f 6'As of 1927
(Central
94
..1955
SABrazil (U S of) external 8sAExternal s f 6'As of 1926
AExternal
"
85%
92
23'/2
■;
42%,.:-
:
84%
.7/7"'W77; *9%,..7.;., ■•';
.——1952
fund
APeru
94%
82%
94
M-S
6V2S
85
15
18
.■.
,
U'N
1959
wales
s
APernambuco
94%
92
100
92%
J-J
——1957
"v J—
V rQ-j 7'r.::r.,'.'—.
7j.', Q-J ■*•'!
—1958
sink
Ext
85%
149
External
A
7:7
85%
1972
__—
70 7
J777,,.7 -?Y;«
*101
/
r*
: J-D 7
t
Stamped assented 5s
—1963
Stamp mod 3%s ext to—
.1994
94 %
extl conv loan 4s Feb
S f extl conv loan 4s Apr
f 6s
i
*28
7
.
'Z;7^wjff;,7i.78.7
7;' a-o
A
100%
993/4
M-N
s
75%
67%
70%
77'777v-7:%7' 77.99%
7
AtO
1945
t 6%s
external
APanama
59%
M-N
External
59'/a
72
771%
M-N
.
1943
A_
s
External
Oslo
18
1971
Belgium external
3
..
JU.\„
7 4s sink fund extl loan—
..1963
,.7; Municipal Bank extl s f 5s__.—_1970
17
1948
5s of *25-1555
,
.
II.
.
t.
;y •;
—1954
External
18%
1
loan 4 'A s_
1927—;
.
A-0
1943
External
*17%
J-J
18%
17%
22%
(Commonw'lth)
75%
: *85%
87-7,-7 'Z;
7-777'.'.7 84%/ 8577, '7%
i 101 %' *»
f 5s_——I960:
s
(City) ,7s
series
Norway
17%
17%
17%
*16%
External g 4'As of 1928
J-J
-
,7J-D
•
7
■
■■
/. < M-S
ASec external s f 6%s—..1959
51%
*17%
S f external 4'As
60%
59%
7 69
A-0
M-S
..
Assented to Nov. 5,1942, agreement
(Stale)—
7,7,
-
//
51%
*16%
f 7s 3rd serles__1957
60%
1
25
/:
_1969
7s_„—.—1967
extl 5s of
A Sec external s
1-1693
A-0
Antwerp (City) external 5s
1958
Argentine (National Government)—
142
Mlnas Geraes
A-0
A
104%
72
72
*68
Assented to Nov. 5,1942, agreement
^
Teletype: •■;■
series__.__1957
1st
104%
104%
A-O
;
//
Assented to Nov. 5,1942, agreement;
r
*63
f 7s series D,
71%
75-
1961
.-1969
AAssenthie 4s-of 1904.
A-O
1945
100%
139%
7
.
External
Af-S
f 7s series C
of
22%
Af-S
tStafe Mtge Bk) 7s—-T*57
AMedellln (Colombia) 6%s_
._ul954
Mendoza (Prov) 4s readjusted——.1954
7'
_.1945
coll 7s A
29
7 1
;
60%
7/ 59%;- 59%.7
72
A-O
Mexican Irrigation— <•
r
•
i ; *
.
A4%s stamped assented..—— .1943
■; Assented to Nov. 5,1942, agreement"
52
1968
f 7s series B
s
5s
64
'
•
—
*143%
7 60%'-
F-A
A Jugoslavia
7; New South
P-J
1948
s
External
57%
21
"
\'PAssented to Nov. 5,1942, agreement 7"
AExternal sec s f 7s 2d ser'""*—1957
Australia
'ah--
59%
1
11
103% 164%
=■■:■
A-0
.Greek Government—'//1/ A7s 4)art paid——
.1964
A6s part paid———
1.958
> Haiti (Republic) s i 6s series A—1952
;
Helsingfors lCity) extl 6%s
1960
,
Broadway, New York
1947
AExternal
8 f
4
60{
104% 104%
,
(Colombia)—
6s—
iKlng of Norway) 4s
conv
34.
,,■■
>•
Municipal
ft
Mtge Bank
AExternal
f
34
34
22
..
*103%
104
A-0
1940
;
(Republic of)
y-S
J-J
(Republic) extl 6s
1945
Republic 7s stamped—
.1949
77s unstamped——!
—1B49
A6s
S
42%
34
*100
J-D
Frencl?
A
s
59%
39%
•
64%
21.
J-J
j
Finland
100.28
U 100.28
k
—_1953
5%s 2d series^.
.
A Estonia
•
vi.Ti:
•
;,rioo.i3 100.13
?' I
-
Members New York Stock Exchange
2-2300
sec
59'/a
57%
*103
F-A
Customs Admin 5%s 2d series
V'
5%s 1st series—:
i
::^
101.11
Wertheim & Co.
AExternal
21
J-D
-
;
■>.;
——1980
■7-
105.3
*100.10 100.12
§A2d series
v
-
*100.10 100.12
J-D
•
'
^
Telephone
s
58
36
60%
F-A
„_1977
—
20-year extl 6s_____„1942
gold 5%s.—
;
1955
AAssentina 4s of
AExternal
2
126
•:
59
41%
63
:
Af-S
1949
debt
fc'JATreasur* 6s of 1913 assents
s
17%
6
58
39%
Af-N
__1944
External gold 4%s
._»_-«^1962
lADominican Rep Cust Ad 5'/2S___1942
;
§ A l&t series 5'/2S of 19261940
101.8
101.5
*100.24 100.26
M-S
101.8
v.v
ioi.il
*101.3
:■
y,.,
(Dept)
v
57%
M-N
*
AExternal
58
41%
J-D
Public, wks 5%S—
;; External
*101.12 101.14
j-d
external
lADenmark
104.8
Foreign Securities
AAntloqula
16%
16%
16 %
,
"V
__1951
AAssentinff 5s of 1899
sink
17%
1-7%,
37
7
17%
■
16%
16%
16 %
M-N
1949
18
16%
.
*21%. 23
F-A
J
AGtd
12
36
Z___.1945
A Czechoslovakia
(Rep of) 8s ser A_1951
;.s ASinking fund 8s series B
1952
104.4' ;'77! \.;7i7
•101.31 102.1 i,
• 104.13 104.15
M-S
4%s
:v>
A Mexico
Akershus
17%
A-0
v
17%
17%
J-J
,1952
•/;"¥External loan 4%s
,
Govt,
17
24
1947
■/■•"■v. External 5s of 1914 series A
100.10
106.9
Sinking fund 5%s
106.20 106.28
•104.2
100.9
106.9
40
7/7
J-D
•••
100.9
U\
100.7
106.9
106.9
,;v:; ;,77»7 ■ .noi.20101.22
J-D
:
fund
17%
■
A-0
ff
>:
19
r\ 17%
/.
17
17%
.
1946
(Republic of) 5s of 1904
17
17%
17
A-0
■
-1947
7s
.17
6
•'
M-S
:
'a
1953
(Rep of)
17%
J-D
1961
25-year gold 4%s
•
A Costa
1
17-
17
A-0
M-S
__Jan
ASinking fund 7s of 1926_
ASinking fund 7s of 1927
Copenhagen (City) 5s
„
V
bonds____—„1970
-j
-
177
■:
Z
r
Af-N
Oct
f $
s
AColombia Mtge Bank 6'/2s
'■
100.2
100
1927—
external
High
-•17%
Af-N
Z-Zff--'--
■
Low
29
;r
J-D
.
1960
•
January 1
No.
19
17
J-D 5
1951 s-f
1928_
of
3s
•
J-D,
of
A6s
.
:7--/
*103.23 103.25
Af-3
iff. 12
11L12
:
,
Z
1960
(Republic of)—-
18 Va
-
7" A-0
1962
(Hukuang Ry) 5s
Colombia
—■
7.
sink
Range since
Sold
High
17
J-D,
..1962
A Chilean Cons Munio 7s
A7s assented__.__,
AChinese
111.9
18%
j-p
-
1961
sink fund 6s
: a6s -assented.--—
•
,
10?.3: 109T
;
• 103.9
103.11
-.-V
.4: • 106.13 106.15 7777w:.;
•
106.18 106.20
7
M-S
1961
A Guaranteed
•
103.11
111.9
•111.14 111.16
J-D
J-D
y
,_1957 "f
-
-
Foreign
Bonds
Friday's
Bid & Asked
Low
Af-N,; -/
:■,/ A Guaranteed sink fund 6s—,1961
-a/
A 6s assented———
1961
~
v
AGtd
or
;
Af-N;
/
1957
A6%s assentedj^—
ASinking iund 6%s
A6%s assented—<
.".ii
..
■."["■'i'i.'i*;-,
105.4
i
(Continuedr—
AChlle Mortgage Bank 6'/2S___,
r. t
Agricultural
year.
Week's Range
Sale Price
\
•
sinking fund 6s____>1963
A6s assented
I
1963
100.25
105.18
V
(Rep)
Period
AExternal
111.23
•;/y;
106.4 "»7
Issue—
Corporate Stock.
REctor
Friday
•'
.Last
:
.
Ended Jan. 28
Week
-
Chile
Low " Nigh
mgh
•105.12 105.14
•110,7
110.9
ii--:
M-S
-
series
1 As
" ..BONDS.-"
< New York Stock Exchange
y
>
,
'
—
—
Range since
January 1
Mortgage Corp—
Farm
...
Sold
100.18 100.19
100.18
J-D
2s
3'As
In the week's range,* unless they are the only transactions of
No account is taken of Buch sales in computing the range for the
•
Mar 1948- 1950
Dec 1948- 1950
Treasury 2s.————Jun 1949- 1951
Treasury 2s
—Sep 1949- 1951
1951
Treasury 2s—————Dec 1949Treasury 2s
March 1950- ■1952
Treasury 2s..
—_Sept 1950- ■1952
Treasury 2s
—1951- ■1953
Treasury ' 2s__._—.——
1951- 1955
Treasury 2s..;
1953- 1955
Treasury l3As——
June 15 1948
3%
v
J-D
—-1956- •1958
—1962- •1967
1963' •1968
June 1964- ■1969
..Dec. 1964- •1969
Treasury 2s
...
;7
—
7 J-D
Treasury 2s
Federal
Bonds
no.
•111.18 .111.20 ".Vv':''
•102.20103 7,77.7^7.-
J-D
..1967- ■1972
—1951- •1953
Treasury 2'As———i—--—1952- ■1955
Treasury 2'As——
...1954- •1956
Treasury
:•/,
Friday's
/ff/ffz/viotc
Government
.1944 •1954
Treasury
are disregarded
"
4s_.,
Tres.»ry
or
Sale Price Bid & Asked
Period
Treasury 4%s,
Treasury
Week's Range
Friday
BONDS
S.
YEARLY
-
regular weekly range are shown in a footnote in the week in which they occur.
Week
U.
WEEKLY
-
Cash and deferred delivery .sales
headed "Interest Period" indicate in each case the month when the bonds mature.
York Stock Exchange
Ended Jan. 28
New
Monday, January 31, 1944
12
10%
10%
2
12
,
v;7
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4251
159
*
bonds
Week
Ended
Jan.
%
'
,,,
'■\:
•
Bonds
Sale Price Bid As Asked
Period
••
BONDS
Lastor Friday's
Interest
28
%*;
Week's Range "
Friday
•
■
New York Stock Exchange
;
High
Low
•.
Range since
January 1
Sold
Vo.
Low
;
Week
A
u_*__1953
-J.
J-D
•
26
2 70
222'-" 104%
73 %
104w —:
102%
104%
104%
107%
1077s
8974
90'4
89%
90
Great Southern RR—
mtge 3 Vis
ser
A__
1st
Power
* 1037a 104
m-n
1967
—.
J-J
mtge
37as_—1972
Albany Perfor Wrap Pap 6s_—i*.1948
2_...
'
A-O
'2--.
A-O
Albany & Susquehanna RR 37as..*1946
3Vis registered:
;
—i.—1946
A-O
v_27?2.X. *91% :*-%/
"'V/X 101
101 %
with
warrants
90'4
90
"
3
■
;,.,VXX;
'
1:,2 101
*100 V2 X— %
A-O
% A 1st mtge 5s
- 5 A Consol
gold 5s
,
*107% 107%J
assented---^—1948
6s
7
3
■
?
V
101
5s
'
modified
5s
modified
-1949
A 5s
4-0
-1953
'99%
99%
i:":-''9292%'
J-D
-1950
:*
A-O
88
10
-1951
Allis-Chalmers
-1952
Am &
_2030
m-s
"89
-1949
m-n
103.
103
i06%
106% 1067b
—
A-O
Mfg conv .46—-.
Foreign Pow deb 53——
Amer I G Chem conv 5'/2s—
,":".^x2x:v«70
F-A
>?■ •' 22104%
m-s
1998
V
104%
V
5%s*L,
conv
J-J
-1949
3Vis
3s
Tobacco Co
Am Wat
Arbor
Ann
deb
3s———.1962
1st
sink
fund 4s series
i
10474
1
-
•;...
69,
'-10478 104 7a v
if-3
107
69
109
;
t'y;'
i 80
80 7a
•7,
'1
2
39
\
69^;C
F-A
80%',
<
«
A-O
«
Adjustment gold 4s——:
4s*.——*•—
AO
.2——1995
.22—1995
Conv 4s of
;-X-
m-n
X
X-
121
Nov
-
gold 4s of 1909—. —1955
ConV
107-74
J-D
'
Atl & Charl A L 1st 4Vas A-. —■-1944
Atlantic Coast
General
1st
—
Second
cons
4s___.-July
7102%
••
k;
M-a '
.'94;.
J-D
..'•'73 7a
S
m-n
A-**-,2—21964
1952
—1948
*
■')
v
J-J
Ohio
..-35%
'
357b
•
lbi%v
90%*
275
:
.119
;
'
:
.
,
,
A-O
;
/
37as
(Int at 17a%
>7 7 7 27
82%
,
"
».
36%??
1057a
19-
r
.#
■
41Vi'7
1057b
-
a
s
1st
85
J-D
'
83 7:
372 * "
;7
"703ir
•
•
82%
,4574
J-D
/i
t'*7;; 194 7 V 73%
m
t
51
533; "
2-45^8
44%,
46
72::;;f:304'7^234%7
35
f:W>7 74
M-N :;l c
-,—1959
J-J
7'
Bangor & Aroostook RR—7
.
stamped—
4s
I
1989
7:'.r.
7
41%;
216
62
63
65%
..1951
J-J
/;
79 74
•
:
.
.
.t, *'
,•/
•'
•' '
'■V
..1950
<•
128;;
J-D
X
A-O
Beth Steel 37aS conv debs
.1952
Boston & Maine
A-O
-1949
M
1st
5s
F-A
'i-f
—1955
96%
lien & ref 6s series A—
V 85
•2,55%
;
m-n
-
86
^
-
'•
-
,100 -X 100%
iV
108%
7
l-. "
-i
*
'
———1934
of deposit;
Bush Terminal 1st .43—*1952
ACertificates
m-n
5s—*_2—1955
Bldga 5s gtd-—---*1960
'j Consolidated
J-D
77
111
XT—1962
4728
96
927b
>
.
7 A-O
7
-''2472
Y 23.7a
2'
83%
527a
41%
86
f
>
45
:
10874:109
-v
.-...Vi.
•>.
X '*
,
■•
'
A-O
J-J
*~°
For
trust
16 " V
•v
footnotes
see
page
Railways
913'b
9374"
192
84%
93 7a
97%
98%
138
92%
98%
J-J
53
51%
53
124
48%
m-n
1988
473.
83
J-J
54
2;,
81%
83
53%
53
125%
*
56
45
125%
76%
47
56
50
58
47%
43
83
54%
'
J-J
J-J
•
-li-'i'Y;
*1257a
J-J
58
53%
J-J
58
•
5
52
I
54%
51
51% "
36
,
7
45
52
M-n
13
127a
13%
268
10 7B
13%
J-J
1956
13%
13%
14%,
III
10%
14%
J-J
94
92%
94
V
87
77
v
94
J-J
80%
77 3 4
80%.
182
74%
J-J
72
707a
72
298
69%
72
J-J
80%
79 7a
81
347
76%
81
J-J
79%
7974
80%' \
J-J
82
79%
82
F-A
48%
47%
49%
a-o
Jan 1 2000
'
13%
12%
13% 2
;/;"'•
of
68
m-n
67%
80
V.;,
92
76%
80%
205
77%
82
1,890
45%
49%
'1,769
11%
1474
ii:
m-N
70 7a
54
71% "
85
'
65%
45
68%
65%
2'
69
67%
70%
67%
71%
67%
707a'
67%
94
8474
54%
52%
54%:
53%
52
53%
81
857?
99
85%
J-D
50
54%,
49%
53%
161
J-D
53%
52
53%
63
49%
53%
m-n
14%
13%
14%
1,811
11%
14%
1927
f-a
81
75
81
74%
81
1988
J-J
68%
67%
69%
-1949
5s
•
stpd
deposit
2
81
•
61%
1934
A-O
5ASecured 472s series A—
1952
AConv gold 472s—
—I960
Chicago St L Si New Orleans 5s
.1951
Gold
3%s———
——.1951
40%
m-s
45%
M-N
9%
39%
467b
9%
;
93
*71
J-D
1st 5s_„1960
41%
551
39%
47%
181
•
3674
8%
,
J-D
79
70
6974
77%
1074'
84
65%
..
72%
43
137
—
93
64%
.
707a
*64
907a
3
79
68
-
*
2,2
84
93
X2.
*67 7b
m-s
Dec 11960
ACertificates of deposit
68
2,113
■
J-D
1951
44 Va
97B
>:
J-D
41
69%
68
428
7*
8ARefunding gold 4s_—i
■■
67%
69
27
J-D
—May 1 2037
64
65%
*
*69%
68
18
86
%r
70
70%
m-n
64
118
68
69%
70%
m-n
May 1 2037
—May 1 2037
1st
Union Station—
1st mtge 3%s series E
•
1963 :!-
J-J
1963
.
:
79
59%
70%
59
J-J
109%
109% 109%
5
65
109
110
103
1037a
102%
102%
1952
J-J
1057b
105
105 74
14
104
105%
1962
m-s
105%
104% 105%
31
104%
105 V?
.1943
44
•
;•
'
'' 1'
106% '
1117a
112 7
109 >'
V
198
K 7
44%
A-O
__*_u;
1957
cons 5s
1952
—
3748™
A-O
,,
1966
4
1st
Cln
mtge 372s—
Union Term
1967
497s
57%
20
55
57
54
57
51
53
64
65
21
597a
66
1087a 108%
1
108%
109
110
11074
109% 110
110
11074
20
109%
11074
88%
93
456
57%
,63%
M-N
M-N
F-A
J-D
J-J
1991
57
93
93
*100
63%
-
J-J
.1990
9
57%
*11274 113
J-D
—.1977
St L Div 1st coll tr gold 4s
Cleveland Elec Ulum 3s
55
J-D
1st gtd 37as D—.1971
1st mtge gtd 3%s series E
,—1969
Cleve Cin Chic & St Louis Ry—
General gold 4s_——
1993
General 5s series B
1993
Ref & impt 4%s series E
Cin Wab & M Div 1st 4s—
57%"
F-A
1
96%
:
5s
Cincinnati Gas & Elec
109 ' -2
2 94%
7105
•
3
*
ADebenture
5s
tAChoctaw Ok & Gulf
103%
108%
10
87
87ir
•
87;
89%
1
12
••
69
86
90%
••
,.;
Cleveland & Pittsburgh
Series C 37as gtd
74'
87%*
Series
-
62
63%
58%
85
46
59%
85
m-n
1970
J-J
D 37as
,1948
m-n
♦107
1950
F-A
2
V
53%
•82
59%
85
*108
f-A
*106
106%
106% 107%
14
106%
107%
RR—
gtd..
;
Ar'A"
General 472s series A
1977
Gen & ref 47as series B
1981'
Cleve Short Line 1st gtd 4Vas.—_ 1961
A-O
*101-
97%
109% 1097a
♦V 96%
97%
7; 116% 116% "
1
•'
'•2
■
.
109
-
'"95%
10977
116%
117
106%
107
99
95
99
96%
97%
27
9274
97%
1973
A-O
90
89%
90%
96
84
91
A-O
84%
837b
84%
162
87%
'86%
87%
47aS
17
1
116
116%:
116 7a-
3
117
118
5
1157a
116-
30
111%
112
•117% 118
A-O
:
112
116
116
?
111% 112
111%
111% 111%
■
9
116.
55%
111%
(stamped
Columbia
•
G
& E
Columbus & H V
'•
111%
89
J-J
ACommercial
M-S
103%
87%
•
8974
46
847a
8974
6
101%
101%
105% 105%
•
4
75%
84%
83
87%
J-D
A-O
—1380
4
104
105%
1st
1027a. 103%
41
100%
103%
Conv
Income
deb
M-N
May 1952
1961
...
1st extl gold 4s_. 1948
Columbus & Sou Ohio El 374S>
Columbus & Tol 1st extl 4s_
1017a 101%
105%
Ry:—
modified)
deb 5s
Debenture 5s—
*'
F-A
'
,
Colorado & Southern
•
1167a 116%
—
99
97%
97 % A
3;
232.
*106
a-o
"
A-O
—.1977
Coal River Ry 1st gtd 4s__
1945
Colo Fuel & Iron 5s inc mtge_—1970
1027a
1167a 116%
J-J
J-D
10674 10T
V"'
J-D
F-A
102
"2
A-O
A-O
102
J-J
__
1972
Cleve Union Term gtd 5%s
f
1st s f 5s series B gtd..
1st s f 4 72s series C
J-J
i960
104%
103
■
■
"1954
472s_—
98
987a
•
X
~
7.Af.;v.- *90-. 91 i
■77274 wr-71%:- 72%
1944
Collateral
148
;
■
116%
gold 5s_
101% 103
93% "
1966
247b
J-J
1956
102%
May 1968
1st mtge 37bS series F
Chic & West Indiana com 4s
1st & ref 47bs series D
;
24%
gold 5s——Oct 1969
Guaranteed gold
5s„—7
1970
Guaranteed gold
434s_—'1955
Guaranteed gold
4%s**7*—;
M-3
105%
Chicago
,
A
,2- ;103v2
-11
»
21
10674
Guaranteed gold 4y2s__1951
Canadian Northern
Ry deb 67as—1946
Can Pac Ry 4% deb
stk perpetual
5s equipment trust
ctfs„
100%
103%
Vi1'
21%
J-J
*
1027a
1007a
F-A
-1997
part
JAChilds Co deb
27
49%'-22«-7'
..
102
s
II
*—
*.**„„«.
4%s, series a.*
Chic T H & Southeastern
Income guaranteed 5s
:■
2-';,
123
.
33
103% 1047a
1947
Memphis Div 1st gold 4s
56%'
;
153
A-v
J-J
trust
AConv
ACertificates
101%:
24%
24
102%
100% 100% V,
103 34
>
adjustment 5s
Alst & ref gold 5s_*_
Alst & ref 47as stpd
Alst & ref 472s C.
,•
VY
23 „~A 247a
.
102
■
96%
248%'. -y. 47%
-*1957
Coll
26%
102%
68%
•
101',
•109:
_July~ 1969
Guaranteed
1217a
21%
F-A
...
*1968
—
4s~"111966
5s__
121%
674
a
-1971
RR—
paid—
J A Chic R I Si Pac Ry gen 4s
c
gold
6
25% '
••:.*
24%
io3;x";-:.
7109 .':
96 Va
96%.
M-N
.7.
Guaranteed
107%'
J-J
"
106 ;
7
*108% 100
—
Canada Southern cons
gtd 5s
Canadian National gold
121% 121%
*117
25%
69
<
1037a 103%
tBurlington Cedar Rap 8s'Nor—,
Power
107%
67%
-
105
'159,
;■
V.'-.-1
.
J-D
California-Oregon
1067a
68%
•
102%
•#740
,
1087+ 109
Niag Elec 3 72s series C—1967
3V2S
.106%
68%
'
fioo%...
m-n
Stamped modified, (interest: at
:
7
3% to 1946) due
*——1957-'
Power
132%
12
69
1
Buffalo Rochester & Pgh Ry— " '
Elec
18
41
m-n
X'104%' 105; ■•;>'>.'
1057$. 105% X x
,
2
-
106% 10^%
California
134
79
107% 1077a
67
\
129%100%.
21
1117a 1117a
Bush Term
10174
>
1067a 107%
69
25%
:997t,
>128 X
100 7a
Y'Y'YY"
447a
f-a
.
132% 133%
66 Va
v"
A'
'
m-n*
1st 8s COll 5s-
75
100
107%
68
■'i;79%xx
X#'"' •'•'
25
26
56%
—1981
7
81%
107
m-n
x:
79%
73 %
• 5.
-
'.
547a
Buffalo Gen Elec 47aS B—
:
99 Tb
74
48
67%
:
:7,1st lien & ref 5s series B J_—1957
.
96%
16
1017a
69
if
56% V 65% 7
74
..x45iy
;
43
F-A
—--1950
-
-;J
.vw.
85
>'
■
2; 43%
F-a
1947
./•,
967a
"95
m-n
M 37»s—
.—1966
Bklyn. Union El 1st gold 5s—.—-1950
Bklyn Union Gas 1st cons gold 5s_1945
Buffalo
2 •:
-1977
gen 5s series a_
& gen.6s series B
IS A Chicago
19s;
-•r'-4
1017a 101%
a-o
.'Debenture gold. 5s
;•
604
79
■
m-n
103
94
;
'
,
75
m-n
'
j-j i
cons
•"
-
* 104% 105%
m-n
1961
-—I960
—July 1970;
X A Boston & N Y Air L 1st 4s——1955
1st
100
m-n
62 .2
.
98%
128%
:7A
m-s
mtge 472S ser A
Bklyn Edison
1017a
■%
J-J
•
:35
-
102% 103
,•
•
\r->'•[.
v.
103
x
*1967
•
'104% 10574
1057, -105%:
105%
J-D
4%s series JJ
AInc
-7974
-
1007a 100%
■
105%
X
'-A
;,
—1—1944
series II—
Y:
*
mtge 4s series RR
1st gold
1st
817a
-1949
'
•7
*100% 100%
:;■
J-J
,
79
:,128
>
A-O >•;
;
..1965
series H—
1st 5s AC.
7
*99 7a 1007a
;
*
..1956
.*1959
Consol mtge 37»s series F—i—
..I960
Consol mtge 3s series G—
57
43
*48%- ;.*•'.
.V
-v-
A-O
debentures
27bs
219
X.79 X 79%
J-D
Big Sandy 1st mtge 4s
99%
80
1987
aYs-.
J-J
A-O
Consol mtge 3'4s
99 Va
"81%
registered
*.1987
4s._
—1987
4s registered
—1987
»;; AStpd 4s n p I'ed Inc tax__ —1987
.V
AGen 4%s stpd Fed inc tax
—1987
AGen 5s stpd Fed inc tax
—1987
)'■? A47as stamped..
..1987
§ ASecured 67aS—
-1936
Z&l,
46
fe25o'i;%: 31%
-7/
.*1951
—
—
Indus Loan
1017-1
J-J
1949
:-37as
-
46
76.;: :,72.; 196V,y 64;27,76- ;; V
59%
65%.
I"
.*1989
gtd 3s_
274S
100
J-J
**1989
"'•; AGeneral
51'"'
153 7 7 41 11
'
.2
60%
Beech Creek Extension 1st 372 3— -1951
Bell Telephone of Pa 5s series C— .I960
Beneficial
109
31%
J-J
...
Toledo Cin Div ref 4s A
Battle Creek & Sturgis 1st
lOOV'a 10174
1946
.
^
M-a
Feb 11960
ref 4s_———
100%
M-N
F-4
iChicago & North Western Ry—
./ AGeneral gold 37aS
y 41% 7- 46 %« ,'
90463a'
X'
45%27-44%" 46;/'
J-J
Con
27%
108 V4
f-a
m-s
47as series E
May 11989
AGen 4%s series F
May 11989
JChic Milw St Paul & Pac RR—
AMtge gold 5s series a
1975
7^
85';•
J;
46%
44%
F-A
—1—1996
1950
1947)
29%
30%
87%
•
85- x
50%-%-49%''
M-a
due
1
34%
27%
1996
tChicago Milwaukee & St Paul—■
* AGen
4s series a
May 11989
AGen gold 3Vas series
B__May 11989
AGen 472s series
C____._May 11989
83 7-7 "
-
7 7 v..'Ref gold 4s extended to„__1951
8'west Div 1st M (int at 37a%
Jan
29%
26%
1992
Chicago Ind & Sou 50-year 4s
Pgh L E & W Va System—-
to
502
1077a
*1998
&
Alst
•
■
v*7
80%'
«
V
(Int at 1% to •
7 v.;
sep l 1946) due—i—2000
7 Ref Si
gen ser F (int,at'1% to :•••
2
34 Va
112
14
m-s
registered
AConv
A-O
1995
-
36%
32%
m-n
ARefunding 4s series C_
.
33%
-
:V2;'4'
'
7 77 Sep 1 1946) due
j
AConv due-i;
1
30
a-o
.•'AGen inc mtge 47aS
•
—2038
*AChic Ind & Louisville ref 6s a..1947
X A Refunding gold 5s series B
1947
.7;:
337b
V 36
'
36%
94
74
89%/ 92,%%.
Ref & gen ser D
-
83 3 a
...
mtge inc (conv)
Chicago & Erie 1st gold 5s
Chicago Gt West 1st 4s series a
jyV
69
*f.
):■
9274.'#
.41
,
due
•
10
649
155
1942
& Alton RR ref 3s_
Chicago & Eastern
;
July 1948
Ret Si gen ser C
to Dec 1 1946)
7 '
111%
87%
36%
31%
f-a
-1958
112 Vi
io%v l.oi
•;
Hi
.74
■
1057a 105Vi
4
RR—
mtge gold 4s
t
:.
6
86%
33 Va
1077a 108%
—*1948
1st & ref 4%? series B_
1st & ref 5s series a
-V.
Stamped modified bonds—
"i- ' 1st mtge gold (int at 4% to -f'
•':• Oct 1 1946) due_—
July 1948
7 Ref Si
gen ser A (Int at 1% to
2 7.
Dec 1 1946) due—
1995
k
30%
111
108%
i960
1107a#
101%
li:.:
f- 7 2
..
M-S~
"
•
30%
*23 7a
AGen
&
27
16%
a-o
Banking—
11074;:
B
1st
55
5
111% 111%
-1949
t
.
.4074
J-J X
Refining deb 3s—. —.1953*.
Baltimore
16%
54%
2
357b
1987
A Gen
Mi
76V
ions 101M'
#•92.%
Va
V 91%
V- 407.
927
.
J-J %
/
4s——. ——1948
mortgage
1937
1
13
34 X
1987
-1949
iii%
mV:
;
M-N
gold 4s—;.**—, Oct 1952
Atlantic & Danville Ry 1st 4s
Atlantic
48
13
751
55
28%
28%
J-J
J-J
no.,;
llo-r:#
7,
J-J*
":
1963
47aS
unified
coll
55
A-O
1987
108 7«-
'
"
L & N
91V2
37%
125
"
J-D
1961
Illinois division 37as_*
107%-
f".
V in,
J-JX
1st 30-year 5s series B.)— .—1944
106'4
106 Va
742:7111 V4 11174:;,
'
3%s_—
:
7^102
11L
J-D 2
■
HO
>
121%
5
•y 49 %
;'.
;.
110.
i
J-J
Trans-Con Short L 1st 4s_. --—1958
mortgage
57
80%
16 7a
110-
107%
107
»110
1187b
100
107'/a 107% 7 '
.7
7
J-D
A-
1207b 121%
.
J-D
1905——-i-. .——^1955.^:
gold 4s of 1910—u_. .——I960
Atl Knox & Nor 1st gold 5s_. —1946
1st
14%
.
?
.—1995
Conv
&
53
3
Chicago Burlington & Quincy RR—
—'
Stamped
RR
tAChlcago
Atchison Topeka & Santa FeGeneral 4s
15%
registered
57
1,359
A-O
.*1968
107%
52
169
/'
917a
.
16%
.
•'
57
85 5:
48
"
'
J-J
—1978
57
90%
15
Ref & impt mtge 37as D
Ref & lmpt M 37as series E
r;:. Potts Creek Br 1st 4s
R & A Div 1st cons
gold 4s
A
2d consol gold 4s
c
,102% 102% ^ v42k,,5-v;:;ao2% mmA
105% v 1057b 1057b 2
■167:7'; 105% 105% 2 7
.105% '. 105% 106% /•
i, 23
7- 105Vi 106Va". ;:
2 1137b.
U3 74 ll3Va2
•2
37 7- .113 .- 113%'-2:
•»;'
102 7b
41%
Chesapeake & Ohio Ry—
v, General gold 47as
110 :.
'
767i
\
101%
107
116-"-.
2
68
106
19
102 7s
16
—
108 Vi;.
1087a#.7.'-
' 107-
3
'•
104%
102
45%
§A5s stamped
Certain-teed Prod 5 7as A-
A? 103% T04%V.22
12
i
f
69
-
-
47
.
6
12
102
J-D
Central N Y Power 3%s__"
1962
Central Pacific 1st ref gtd
gold 4s_1949
A Through Short L 1st
gtd 4s
1954
%WV'-
1077a
-
'I
57
A-O
gold 5s
gen
1027a
107
M-N
/.•Guaranteed gold 5s
"115 Va
176
'
80.7a
Q-J;
(Del)-1957
C
104
108
; 1
53
f 115 7a 116;
\ (?■. 107f •••'.• 2
Jan H
1st
income debenture?
7s
'
79
>
.
M-N
Nitrate deb_.l_-__1967
2 "
107% 108
10874 2 ,108
1087a
1157a
a-o
gold 4s_——1—^—1995
Ark & Memphis Ry Edge Si Term 5s 1964
ArmoUr & Co (Del) 4s B.
——1955
*,
7
1067a'
'276
1.08
!
M-S
Wks & Elec 6s series Ai—1975
Anglo-Chilean
A
A-O
J-D
debentures—
————1966
debentures—
*..1956
conv
Amer
20
4s
•
90 1' 2.'
103
J
High
98
109% 109%
56
1959
registered..
AGeneral 4s_„
Central
American Telephone & Telegraph Co.—
3 Vis debentures;.*—
1961
.
V
1073/4V.
86%
.
N
4
104% 105
J-J
J-J
ijovo
102 «/b
107
57
105
F-A
Range since
January 1
Sold
Ao.
*108% 109%
J-J
.1945
5s
105%.'
1047s
511
103%
$ACentral of
:
1047a
v
89
'
Am Internet Corp
~6
104%'"
86%
;
90
f-a
Bonds
Higti
102
m-n
1943
B
Central Illinois Light 37as
tACent New Eng 1st gtd 4s
.
rWA
2 67 ;'• - 70V4X -;
75
104% 105
;
' •
100'4
87
Friday's
C___**>*_.1959
-
9194
110
89 Vi
income—-—-^
Alleghany & West 1st gtd 4s__
Allied Stores Corp 4%s 'debs*..
.
99 Vi
"
94
88
<
101
-2
100
1950
•AChatt Div pur
money gold 4s_-.1951
AMobile Div 1st gold 5s_**
.**1946
Alleghany Corp—
;
or
m-s
1981
Nov
ARef & gen 57as series
A Ref &
gen 5s series
:
i.>:
101%',/
.100%
—
Week's Range
Last
Sale Price Bid & Asked
J-J
1965
Celanese Corp 372s debs
;*_*
1962
Celotex Corp 3%s debs.
-i—_*__.1955
A Cent Branch U P
1st gold 4s**„1948
JCeDtral of Georgia Ry— >
104%.
102%
104 Vi 104 Vi
X
74%
,
:
noo'/a 101 Vi
F-A
Clinch & Ohio 4s__*_„
Carriers & Gen Corp 5s w^w_
Cart & Adir 1st gtd gold 4s*-*<
'. •
—
72 '/2
.
,£■
2.
J-D
10-year deb 4 Vis stamped:——1946
1st
737a
m-s
-1948
1947
—
Alabama
Period
*5ACarolina Central 1st gtd 4s_._>1949
«98
J-D
Adams Express coll tr gold 4s
Coll trust 4s of 1907
Alabama
Interest
28
Carolina
_*_*1953
unstamped
AStamped
Jan.
Low
Railroad and Industrial Companies
series
Ended
High
tAbitibi Power & Paper—
§A5s
Friday
New York Stock Exchange
4
m-N
2
J-J
..24
103%
104%
1047b
96
103%
1047a
109
109
108%
109
*
m-s
1955
57%
152
103% 10474
104
a-o
.1970
52
57%
10474
'56%
F-A
1047a
1087a
108 V4 10874
*1137b
—
Mackay Corp—
w
w
Apr 11969
May
129
131
112
131
J-D
110
1107s
14
109%
110%
J-J
112% 112%
5
10974
11374
131
Commonwealth Edison Co—
mtge 372s series I
debs
3%s__
.—1968
1958
*
466
NEW YORK BOND RECORD
/BONDS
New York
Week
Stock
;
.
.
,
.
Last
Interest
Exchange
Ended Jan.
Week's Range
Friday
V;
28
Low
Conn Ry & L
1st & ref 4'As,—_—1951
River Power s f 33/4s A
Conn
Consolidated
3%s
Cigar
/-J
1961
,
Range since
January 1
Sold
Hiah
*113'A
,—
No.
Low
LA
J-J
Week
110
20
102
103'A
101%
102%
102
debentures—-A
3'/as
106%
J-J
J-D
105
debentures——
Consolidated Oil
——1958
1951
deb 3'As
eonv
4s—-1954
:
1—1955
4s-,————-,1956
'
Ry non-conv deb
tAConsol
4s——.
ADebenture
■
1-0
A Debenture
101'A 101%:
101'A
debentures-,,-
3'As
1-0
l-O
——-1956
3'/as
1949
1943
debentures—,
49
111
refunding 5s
40-year 4%s
Cairo Bridge gold 4s
■
1st
1st
Co 2'As s f
Crane
M-N
1967
;
mtge
1st
-TH 0 CO
M-N
—-——-—
——A,1966
'
47'/a
46'A
46'A
V
45'A
45'/a
1st
111%
gold 3s_L_
—1951
.1946
extended to—
110% 111%
:;Z;
108%
109%
103
V
98%
98
98
J-D
3-J
46
•
■
^^-.T
%
43%
■
38
46
43%
3A
J-J
'
'(
..
J-D
-
.'.
V!
*60
66%
69
series A
J-J
'■r:
V!;.
.!
4953 ;
48
60
48'A
h'•■■';2
'
39
,
A 1st
5s
1st mtge 3s series F-4961
Cons Copper 4s—
1952
series
A—July 1952
B
78%
395
57%
64%
59%
57%
59%
271
52%
59%
100%
26
98%
100%
Z
49%
V
46
101'A
101
40
16
A-O
i-i
A-O
102%,
J-J
100%
6
101%
102
1W0
J-J
105%
M-N
105% 106
3-D
Delaware & Hudson 4s
Union Ry 3'As series B—65
extended—1963
Delaware Power &.'Light 3s—1973
I s A Den & R G 1st cons gold 4s—1936
§ AConsoi gold 4'AS—
1936
JADenv & R G W gen 5s
Aug 1955
A Assented
(subject to plan)
ARef & impt 5s
—1978
series B—
ctfs——.1935
lADes M & Ft Dodge 4s
1st gtd 4MiS,,—1947
Detroit Edison 4s series F
1965
Gen & ret mtge 3'As series G—1966
Gen & ref 3s series H
,1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s_—
1995
Detroit Term & Tunnel 4'As.
-1961
Dow Chemical deb 2'As—
—1950
Dul Miss & Iron Range Ry 3'As—1962
tADes Plains Val
Atl gold 5s—1937
-1965
J§ ADul Sou Shore &
1st M 3'/aS—
Duquesne Light
*103
87%
—
86%
A-O-
>105
J-J
105%
79%
~5%
F-A
i2i
88
18%
19%
373
16%
19%'
46%
48
165
43%
48
46%
48
171
43%
48
58
63%
48
!
61
/
,
A-0
60%
4%
45
MS
5
33
40%
83 f.
M-S
F-A
3-D
105'A
J-D
44%
11
18%
22%
5
'
&
& Clear 1st 4s—_ —1959
Laughlin Steel 3 %s—
-1961
109%
Kanawha & Mich 1st gtd gold 4s_,1990
*§AK C Ft S & M Ry ref gold 4S.1936
ACertificates
111
5
110%
110%
44%
*22
105%
10
45'
105%
•41
5
45
100
100
~6
98%
102%
102%
2
102%
102%
A-0
107% 107%
2
107%
108%
100
J-J/,
28%
J-3
109'A
Kansas
28
M-S
M-N
29'A
5
109'A
109
.29
100
24%
/
30
109
of
Ry Minn Nor Div 1st 4s—. -1943
Ga Div 1st 5s— -1956
A-O
Elgin Joliet & East Ry 3%s—— -1970
-1965
El Paso & S W 1st 5s
MS
-1965
*106% 107%:
Ry 1st 3s,__1950
—Apr 1950
City Term 1st 4s„
1960
Kings Co Lighting 1st 5s,-.—
1954
1st & ref 6%s—-LL——,1954
110
A-O
stamped
Empire Gas & Fuel 3'As,--,.—
Erie Railroad Co—
5s
1st
-1993
M 4s series B—
cons
AGen mtge
;
•
J-D
%
A-O
>■
'
'
' '
106
r
r
inc 4'As series A—. -2015
J-3
*81%
100%
J-3
J-3
68%
Div
-1947
66%
M-S
*—
r
79%.
83
3
4%
66%
68%
101
58%
68%
97%
31
95%
97%
A-O
89%
102%
106
106
A
37
:
82'A-
/
,-V,/'A/
80
.",99%: 100%
:
J-J
69%
J-J J
-
64%
;
184
80%
20
71%
74
74%
66
69%
74%
79'%
43
72%
80%
108 ?:
J-J
--I
108
108%
.'-AL-;.'-'"
:
>
A-v
•
*48
29
823.,
80%:
108
109%
62
J-J
*90
93%
J-J
*93%
J-J
90'A
.
A-O
*170
J-J
91%
90%
^
91%
%'*■":I-/:/
:-T5
AlJ.
90%
90%
*107%
J-J
M-S
II
'
*109
■'
■■
■
*107
104
107%
104
■'
109
106%
6
107%
103%
—
104
*4%
109
104:
4%
i!
L
Lake Sh & Mich Sdu gold 3'As—1997
./ 13 %s, registered——'—.
1997
A
69%
1st. mtge
income reg
Lehigh Coal & Nav
A-O
1975
f 4'As
103%
•
99%
100%
99%
99
99%
67
99
99%
99%
29
99 %
94%
95%
20
93%
95%
90 3A
903A
2
89%
91%
63%
67
.
'
F-A
—
i'" 4
'
'
.
J-D
95
J-D
90%
''L.i....
V
-
Dec
,1954
J-J
98%
J-J
98%
A-0
M-S
s
A
'
*100%
99%
F-A
Cons sink fund 4'As-series C—^,1954
Lehigh & .New Eng RR 4s A_,
—1965
'
■
1033/4
•'
72%
*114%
•
J-J
M-S
101% 104
408
106
*101;
99% L 99%
82%
77%
79%
:
Lautarc> Nitrate Co.Ltd—
79
'
73%
74%
A-0
M-S
—1959
Laclede Gas Light extd 5s
;
1943
Coll & ref 5%s series C——1953
Coll & ref 5'As series D„
—I960
90
80
13
*98% 100
82%"
80%
A-0
148%
102'A
5
102% 104
M-N
-1971
178
96%
Lehigh & N Y 1st gtd gold 4s——1945
1st 4s
1st mtge 3%s,_
N Y & Erie RR extl
Ohio
4%
103:.;
•
97%
111
148%
10
100% 100%
102%
110
106
87%
89%
'
74%
77%
106
5
4
148'/4 148% 1
102'A 102%
;
-
;":•
A :
110'/a 111
148%
.
-1962
106
'
J-J
(NY)
101%
•
68%
JAKreuger & Toll 5s ctfs
M-N
1st cons gold 5s— -1995
Elec Auto-Lite 2'As debs——^—, .1950
Ed El 111
V
241
339
;
J-D
Koppers Co 1st mtge 3'As__.
,1961
Kresge Foundation 3% notes—,1950
East Tenn Va &
79%
83
:L4%. >*/ 3%
deposit,
Kentucky Central gold 4s„_
,,1987
Kentucky'& Ind Term 4%s—
1961
Stamped
L——1961
Plain/,—
—1961
/ ^4%s .unguaranteed—,,1961
Kings County El L & P 6s_w,_—1997
E
East
~3
102
76%
79%
A
J-J
-
Kansas City Southern
Ref & impt 5s_^
23
1051/4 105%
J-D
102
{
K
45
-
110% 110%
110%
104
104%
106%' 108'A
6
A 4%
22%
V
110'A 110%
M-S
9
*96%
F-A
Jones
*102'A 104
A-0
14
•
50%
166
44'
99
J-3
67
104
52%
51
168
5
■
43
43'A
62%
104%
107% 108%
104
M-S
79
James Frankl
105'A
46
49-,
5% "6
5 V"
:
102%
19%
?v 48A
A-O
'
F-A
102"
101
W" t'r
49%
A-0
101%
17
106%
105%
105'A
J-3
/' 5
47%.
•
88 V
47 »A
547%:
5
378
,
224
JAlowa Cent Ry 1st & ref 4s
Dayton P & L 1st mtge 3s—:——
102
52%
J-J
1951
51
105% 106%
50%
1st lien & ref 6%s———1947
Int Telep & Teleg deb gold 4'As—1952
Debentures 5s—
1955
,
44
IT 2
101% 102%
M-N
,,1972
50
.
105% 106
52%
Int Rys Cent Amer 1st 5S B
46
51
*108% 110
:
"
J-J
—
Dayton
100
•
46
*
99%
95%
7.
97%
7
97
100% 101
100%
99
99
15
100%
101.%
6
95%
95%
95%
:
95%
99
99
Lehigh Valley Coal Co—
1st & 'ref
Firestone Tire & Rub 3s
deb-.—
1961
Flintkote Co 3s debs————
1958
M-N
M-N
lAFlorida Cent & Peninsular 5s_
1943
1959
J-D
1974
M-S
East Coast 1st 4%s——
& ref 5s series A
a 1st
ACertificates
—_
102
:
■"■"A-"
120
99%
;
of
1982
M-N
1956
J-D
12%
deposit—
12%
1958
Francispo Sugar coll trust 6s,_
98%
98
.
120
25
98%
42%
42
A-
30
13%
Z—
—
/
117
112
•
12%
*103'A
M-N
—1954
12
12%
.;«
20
'
45%.
44
1964
13%
..."
ZILZ"
ext
—1950
Lehigh Valley RR— /'V
J.' 4s stamped modified——
98%
'
4'As
,2003
Gen
Steel, Castings 5'As—1949
stamped
modified
2003
registered——,—,
t A Georgia
& Ala Ry 5s——Oct 11945
t§AGa Caro & Nor 1st ext 6s
1934
102% 102%
J. J
Goodrich
3-D
1st 4%s——
Gotham Hosiery deb 5s w w.
(B
F)
1956
—1946
Grays Point Term 1st gtd 5s
"•27%''
26%
105%;
M-S
.
28
57
J-J
37
57
121,
/.;" 5
105% 106
■
102%
22%
'
28
A 48
10
*101% 102
-1.-
101%
105%
,•
107%
-u."'
•
A."
1947
J-D
J-J
110%
110% 110%
—1952
General 5s series C———1973
J-J
112
112
J-3
General 4'As series D———
••
5s
57
1961
107%
107% 108
3-J
103 %
102 % 103 %
J-iy
100%
100% 101'%
78
98%
128
102%
103
26
102%
103
Northern
Great
4%s series A
General 5%s series B
General 4'as series E
General mtge
,,4976
—1977
4s series G
*99%
•
„
1946
3-J
102 3i
1946
102%
1967
93%
Gulf Mobile & Ohio 4s series B—1975
3-J
&
ref
Term
M 5s
Gulf States Steel
s
2015
stpd
1952
f 4%s_-
—1961
Gulf States Util 3%s series D
1969
3-J
94%
111%
J-3
129
16%
316
95
91
103%
101%
94%
«
*97
f-n
A-0
gen 4s
—1951
,1999
$§AHousatonic Ry cons gold 5s
/Guaranteed
4s ;
ref gold 4s——1949
stamped—L^_L_,—^-_
^1949
Lorillard (P) Co deb 5s___^,:1951
*.3s; debentures;
~8
series A
1962
gold 5s
Hudson 81 Manhattan
AAdj income 5s
M-N
J-D
89
105%
6
■;
"
573,4
573/4
1949
M-N
F-A
583a
57%
—Feb 1957
-
4
89%
105% 105%
1957
A-0
28%
28%
1st 5s A
—
59 V4
117% 117%
,."i
214
■'
85%
105%
56
1st gold 4s
1st gold 3%s
/ Extended
1st
1st
gold 3s
sterling.
Louisville & Nashville RR-h
&
ref
5s
series
'
B
For footnotes
55%
468.
58%
29'A
115
27%
29%
''
10
38
37
42%
40%
36
35%
40%
48%
V
J-J
46%
69'A
A-0
68 %
107
100
4
'•
*104
f-a
57
33
39%.'
42'A
49
64%
70
■
123%
123'A
107
106
107
•104 %
104
104 j'*
121'A
122'A
7
105
105
5
103%, 103%:.
121% 121%
*108%
A-O
105
-f
V-M-S
105
104
104
M-S
F-A
.
103 % 103%
104
104
18
Z
104
18
A-O
102 %
105
104
102'A 102'A
120%
102
52
104%
120%
*120% 12PA
J-J
96 i
96
A-O
vVL
A-O
106
A-O
98%
.—2003
A-O
Dly 4s_,—.
St Louis Div 2d gold 3s—.
.—1980
Mob 8/, Montg 1st
gold 4%s
1945
South. Ry joint monon 4s„.
.—1952
Atl Knox & Cine Div 4s___.
—.1955
*107.'A 108
102%
933A
150
97%
J-J
96%
103%
107
.
97%
|
103% 1033/4
>107
;
M-S
107%'
*104
F-A
99
M-S
•51 iv
101'A
963/4
104
108
106
,
;
28
99%
101%,
168
94%
97%
':
'/
4/
104%
96 3/4
J-J
55
,
100% 101%
-
J-J
1071
,
105 % 106
.;
10
103%
104;
>31
106%
107.%
103;
;
103
94% V
96,3/4,!
*104
101% 102%
M-N
101%; 103%'
*111
112
.
1121
f
M
Maine Central-Rft 4s series
A—,,1945
Geri mtge'4%s series A
i960
Manati Sugar 4s sink
fund__Feb 11957
v
3-D
J-D
M-N
>
95%
I'
.
■
72
52
58%
75
93
68%
75
f 5s__l_L-1953
M-S
*54%
M-N
*325/s
100
100
Marion Steam
Shovel
s
f 6s__:
,___1941
^^,1947
_^Z
96%
97
McCrory Stores deb 3 'A—
Metrop Ed 1st 4'As series
66
68'A
68
62%
68 'A
60%
63%
65%
-1952
150
60%
65%
3-J
64
63%
64
9
58
65
M-N
65%
64%
66
37
65
(Stamped mod)
66
J-J
77%
A-O
*101
A-O
Market Street Railway-r-
67
.
__
•
—
"
"4
MS
95%
28
58%
RR (Southern
Lines) 4s
1959
JSAManltowoc Green Bay & North-"
s
90 34
95%
57
70'A
93%
58;
"-75
102%
60%
211
70
z
125%
107
A-0
.—,2003
Stamped96%
;
908
49
''1/ " "•*—
101%
M-N
' -1953
M-N
A-O
117'A
A-O
*
34
407
i.39%
59"%
132
-1951
4sl_Z
page
96%
16
42%
1st, &. ref 4s series D
A ext, —1950
.Unif mtge 4s series B ext—\
,1960
Paducah & .Mem;
1-1946
' •:
*96%
A-O
38
40%
39%
89%
1053A
-1955
3%s~~ZZ
see
100
J-J
36%
v
—2003
.4'As series C——
western 1st gtd 3%s____;__
3-3
38
42%
ZO ^
58%
101% 102
-1951
39:,
M-N
.—2003
ref
(-Unif mtge,3'As series
111%
-1952
gold~4s
gold
101%
-1951
"
4s
Purchased lines
Collateral trust
J-J
-1951
IIZIZ
goId~3%sI~~
Collateral trust
Refunding
-1981
71
38 V
M-N
1093A
A Manila
a
61'
64'A
102%
A Manila' Elec RR & I,t
6rles A"
70
•
56
.
109%
105%'
117%
tw#
20
102%
;
1
,
/ 65
.77.
*102'A 102%
72
b-t CO 0 .CO
'Zv
18
.
.'
*109 V'4 110'A
1st
-
series
71
M-S
1st
"
Illinois Bell Telep
2%s
Illinois Central RR-
69
M-S
,
130% 1303/4
M-N
1954
70 /
61 /
71
Lou & Jeff Bridge Co gtd 4s—,1945
17
404%
71
Louisiana & Ark 1st 5s series A—1969
Louisville Gas & Elec 3%s,L—,1966
95
,111%
84%
65'A
72
69%
__
v
84%
"7
60
M-S
66
*111
J-J
1937
J-J
'::Tl
73
71
*66 %
M-N
-
Houston Oil 4%s debs
Hudson Coal 1st s f 5s
Hudson Co Gas 1st
%
Long Dock Co 3%s ext tO-L--w—, 1950
Long Island unified' 4Si„
—il949
89%
.28
,
.
'
H
Hocking Valley Ry 1st 4%s
60
series A,;.—1962
14%
30
1043/4 1043/4
M-N
F-A
1st &/ref 3%s series E__
71%
L
'
debenture—-i
Little Miami
1123%
108%.
94 (A
70%
,
•
100
*65
'*—*
71
.
111%
105%
16
.
'
inc 5s series A—
Gulf & Ship Island RR—
■
16
94
Feb
Feb
AGen mtge
1st
93%
..
110%
36
-
102% 102'%
J-J
'(
8
102% 102%
3-J
mtge 3%s series 1—
AGreen Bay & West deb ctfs A
A Debentures
ctfs B
Gen
»
■
38
112%
mtge 4s series H
Gen
20U3
Lehigh Valley Terminal Ry ext 5s_1951
1st 50-yr 5s gtd—1965
Libby McNeil & Libby 4s—
1955
Liggett & Myers Tobacco 7s——1944
86
84%
71
i
2003
Lex & Eastern
J-D
J-J
71
registered,---/. ———2003
!L5s stamped modified—
1949
84%
*70
F-A
4s
97%
*84%
84%
F-A
,/r, 5s stamped—
—1974
Leh Val Harbor Term gtd 5s_—il954
4'As
Gas & Elec of Berg Co cons 5s
F-A
,—'——1954
ref sink fund 5s_,
5s stamped——
,1964
1st & ref sink fund 5s—,1974
100
:
11%
'
^
-~L
■
98%
:.L/
sink fund 5s
stamped.—;
1st &
Lehigh Valley N .Y 4'As
'
"V" 4
45%
*12
".A.''-...;.
Machinery Corp 3s debs—
5s
102%
•'
;,'t'
;
120
43
102
'
Z'rZ'Z;'-- /'%•'
(Proof of claim)—
ACertificates
Food
50
98% 100
45
of
deposit—;
tFonda Johns & Glover RR—
§a2-4s
102 3/s
*102% A V;
'A-..!/,:,
.
J-J
iFloriaa
102
ext 5s____. ___,_1945
Q-A
77%
102
101% 101%
: 97
97
97
1955
A-O
M-S
111% 111%
A-0
73
101
77%
,101
101%. 101%
97
97
*103'A 105%
I960
Metrop Wat Sew & Drain 5%s,___1950
JSAMet W Side El
fChici
D:
4s
\
83%
64'A
J-J
Internat Hydro El deb 6s
,—1944
Internat Paper 5s series A 81 B
1947
Ref sink fund 6s series A
—1955
48
'
83%
J-J
—
66
69
62%
100*
..—1956
gold 5s series C
66%
65
67%
:83%
J-J
A 1st
59%
1 '
% 64%
J-J
1956
1
*56
A-b
-1950
conv deb 4s„J—
1947
IAlnter-Great Nor 1st 6s series A4952
*56
48
3-D
53 %
41
1st gold 4s__
6s series
-
ALT/
F-A
J-D
A Adjustment
U
20
,.
*87%
J-D
Interlake Iron
''
■
,.
—-
1
48%
78
97
-
-
—1963
Inspiration
23
63%
»
48
43 ;
72
66
A-O
44%
80
6
66
1st gold 4s~——1951
56
79%
78
65%
M-3
.
'•
■
78
68%
5s
75
97
2
80
i:
68%
Inland Steel
98%
A 49
48'A
7
■
66 |
t Alnd & Louisville 1st gtd 4s
1956
Indianapolis Union Ry 3'As ser B4986
103
97%
/"■/ 23
:
*49
;480
97
65%
Ind 111 & Iowa
'
46
ADeposit receipts—
Curtis Publishing Co 3s deb
112
108
'56
F-A
./ Joint -1st ref
110'/a
108%
24
V7
*102%" 103
"'■•V
J-D
High
67%
'
108%
111
53%
J-J
Western Lines
108
■; 30
108 3A
108
Low
87
■
J-J
Term/gold 3s
111 Cent and Chic St L & N O—
,
109%
1
108% 108%
'108
Range since
January 1
Sold
No.
75
1951
St. Louis Div &
49
49
Div
73%
-/ ' Gold 3%S——
———
1951
Springfield Div, 1st gold 3'As—1951
50
1
,:w 2
108'
108
L.'.'
'
A-0
,1950
debs—
receipts
.—
,-1952
ACuba RR 1st 5s gold——
ADeposit receipts
A7'As series A extended to,.ZZ—1946
L
ADeposit receipts--—.—B
80
—1951
108%
105'A
'
M-N
ADeposit
series
J-J
3s—
108
2
110% 110%
M-N
V
1969
■
Bonds
High
97
105
47'/a
M-N
—
1955
Crucible Steel 3'As s f debs—
.-,,,1942
JACuba Northern Ry 1st 5%e„
A6s
55
J-D
1st &4ef 4'As series C-——1963
.-—1965
3'As
mtge 3'As—
mtge 3'As-.
mtge 3'As—
F-A
——1950
8
105'A
4 6'A
.—1970
mtge 3'As
1st
——1966
1st gold
*643
108'A
Power Co—
1st
Friday's
74%
Omaha
:
Consumers
or
Sale Price Bid & Asked
M-N
Louisville Div & Term gold 3'As_1953
105
.
Litchfield ,Div
—1953
106%
4 '•
J-3
1
Week's Range
Last
Period
105%
106%
47'A
28
104'A 105 r-
106
108 Va
J-J
J-J [■;!:
.
5
104% 105
105
Friday
Interest
Exchange
Jan.
Illinois Central RR—(Continued)
11
Consolidated Edisoa of New York—
3'As
Stock
Ended
Low
—
102
LAV
New York
'
■
Hiah
110'A 110'A
F-A
f. debs_1953
s.
BONDS
Bonds
Friday's
or
Sale Price Bid & Asked
Period
*
1938
F-A
110
111%
93
18'A
93
93
93
18'A
18'A
18%
18'A'
'
Volume
Number .4251
•
BONDS
•
New York' Stock
•
Week
Ended
Friday
to
Exchange
Jan.
«
28
Interest
Period
'".-
Week's Range
or Friday's
Last
Sale Price
/'. ''
Low
Jack Lans & Sag 3%S——.
1st
gold
Ref
3%s
M-S
—1951
—.——1952
High
&
impt 4%a series C—.1979
Michigan Consol .Gas 4s>—1963
tSAMidland of N J 1st ext 5s—1940
i § A Milw
^
104%
A-O
4%s—1939
4%s>>.——..J—>1939
63
61 %
v;
{ A Milw Spar & N W 1st gtd 4s»—1947
t § A Milw & State Line
1st,3 %s»—1941
J-J
{AMinn & St Louis 5s ctfs-.
M-N
A 1st
&
ref
gold 4s
MS
—1934"
:
—1949
§Alst;:Consol 5s.
.4—
9
'
J-J
31%
J-J
Af-S
J.J
-1949
——
A 1st & ref 5%s series B
—1978
{ A MissourVIllin ois RR 1st 5s—
1959
Mo Kansas ;& Texas lsfc'4s—
—1990
55 'A
61
59
42%
AConv
A 1st
A
MS
r'
A 1st
A
&
ref
5s
of
1st mtge 4%s
Montreal
Tramways 5s
60%
N'
r
.7,486/
10%
60
: 7
Ref
61
56%
22
60%
162
lO'/a
10%
60%
226
9'%
24%
109%
109'%
4
108'%
109%
4
103'% .104'%
85
85%
39
82'%
46%
220
37%
"46%
129%'
129 %
MS
129'%
"121
11
:
313
bj 56%
122
can-
A-0
"73%
—
"72%
Q-J
95
94%
Q-J
Jan 2047.
140
94
60%"
:? m-s
59%
8
59%
59%
96%
88'%
239
53
59%
10
57
51
.
56
J-J
67*%
65%
67%
354
61'%
2047.
J-J
86%
85%
87
478
80%
87
2047
J-J
74%,
73%
74'%
13
67%
—2047
D
55
.—2047:
74%
J-J
74'%
73
74'%
66
67%
74 %
56
67'%
F-A
109
108% 109
28
108%
109%
MS
112
112
82
111 '/a
112
112
59%
56%
61%
59'%
60
/; 59%
60%
v:
5 9Ya
•;
■if *2
64
63
■
;
F-A
59%
V^65-V-7
430
-7
}y 12
; ;f'; 10
104% 104%
O
ISAOg & L Cham
A-0
110'% 110 y2
A-0
'104'%' 105'%
3
106%
111
113%'
114'%'
105'%
106'A
"
105% 106'A
'
1ml
94 %
M- N
54%
Constr M 5s series A———1955
Constr M 4%s series B——1955
M-N
M-N
54%
54'%
5
:
94%
U::5 '
V"
.
51%
50
Mountain States. T & T 3'As———1968
Mutual Fuel Gas 1st gtd 5s—
>1947
101 \
53
54
M-.V
-.V
94%
101
J-D
1st
noy2
-/I;•
'29
113% 113%
J-D
\
48%
109%
Elec
Oregon-Wash RR & Nav 4s
109
108%'
104
J-D
J-J
43%
4
109%
111%
109%
108%
104
10
105
105%
107%
108%
109»%
110%
9
103%
104%
109 % 109%
23
109 V2
110%
110% 111'%
37
110%
111 Vr;
109%
109% 110
J-J
104%
104% 104%
—.1946
J-D
.1964
1st & ref mtge 3%s series
H——1961
1st & ref mtge 3 y2s series I
1966
1st & ref mtge 3s series
J—>1970
J-D
109%
J-D
110%
J-D
110%
mtge. 4V2s
ser
108%
108
25
J-J
—1962
1st
110%
104
110
1
109
15
"1,08% 108%
1961
A
Otis Steel
17
106'4
107%
1
105% 105%
"108% 108%
J-J
,
105'%
107%
104
Pacific Coast Co 1st gold 5s
Pacific Gas & El 4s series G—
325
15%
23
16
109
108% 108%
MS
5s—»1946
15%
105'% 105 Va
"106% 107 %
J-D
5s„—1945
gold 4s»>>1946
cons gold 5s—1946
cons
105%.
J-J
3%s_>—>—1966
1st
15%
M -N
M-S
con
Guaranteed stpd
54y8
J-J
>1972
&
Ore Short Line 1st
55
47%
51%
109% 109%
111% 111%
J-D
Gas
Transmission
Oregon RR & Nav
101
47%
,
248
i
3%s
mtge
Oklahoma
Ontario
951%
lOO'/a
453
.
1st
gtd gold 4s_1948
Ohio Edison 1st
mtge 4s——1965
1st mtge 4s»
.>—1967
7
7 60 7 765
'
Morrell (John) & Co 3s debs.
-1958
Morris & Essex 1st gtd 3%s_—2000
70
92%
88 Va
59%
Q-A
,
70
96
"88%
Q-F
>—2047
7
—
61%
59%
1951
129'%
'
F-A
.
46%
129
"125
MS
85%
—
11'%
59%
59 %
3%S—,1966
109%
18%
61%-
;
57%
1981
109%
108%
1974
t
impt 5s series
87%
44
45
O-A
(Minn) 1st & ref mtge .3%s—
1967
(Wise) 1st mtge 3%s—
>—1964
v
61%
56'%
&
87
12
109
F-A
Northern States Power Co—
25
56%
*
16
59%
/
ext—
61%
22 Va
.
629
.
A-0
guarantee)-;.—>1945
of deposit—.
registered
12%
2
511
—1974
Ref & impt 4%s series:
A
Ref & impt 6s series B
Ref.& impt 5s series C—
-56% 7 60%
%
3s
18%
11
24'%
J-J
1961
Ry 1st gold 4s_1996
Gen lien ry & Id gold 3s
•t-
42%
' ,:"7 56%
117
/
.
60%
A-O
—.—1960
ref
61-7
36
%>•
Af-N
—>1997
58
42
31
•
103% 103%
A-O
—.
57
87
22%
High
34
109'% 109%
ACertificates
71
.;:.
23%
M-S
Northern Pacific prior lien
4s„>i.>1997:
?
4s registered
53%
201
'
of
12
1091/3 109%
—
J-J
1998
4y2s series A
C3
.
64%
.' 389
59 %
Af-N
debentures——-1965
1st &
,
59
60 y4
Monongahela Ry 3%s series'B——1968
Monongahela W Penn Pub Serv—/■'■
Power
'■
42%
.v.
"
312
ref
11
Low
18'%
"
Moh'k & Malone 1st gtd gold 4s—1991
6s
56%
y-
:yl62
,
-
61
59
deposit———.
Montana
;
■
&
cellation
:
X
;
60%
M-N
deposit-.—
of
■
447
Gen
18
87
.J-J
,
2014
^Northern ©hio Ry—
77 ^lst mtge gold 5s (stamped
3'%
,
76%
V 100,'- ,100 7
.—
series I——
Certificates
7 ' ' 2%
77 .73%
i, •
6
"v k'2
59 '%
1980
deposit
gold 5%s
& ref gold 5s series H
Certificates
'"rii 23
'59% 59%
•7.23 V: 24
23%
MS
1949
of
:76J%
:
—•
66
Range since
January I
*
North Central gen & ref
£3
31%
5%:
'i'
58
'
59%
.
.
A General 4s—
—1975
A 1st & ref 5s series
R-—--——-1977/
^Certificates of deposit—
"•
A 1st k ref 5s series G
1978
Certificates
41
;
F-A
deposit———
-•'
A
32%
29'%
•;/, !//
&. ref 5s series.A———1965
Certificates^:'of
Vi 30,'%,
23
1967
•
Sold
NO.
44'%
"12%
.
M-N
B—
tSANorfolk Southern RR 5s A
Norfolk & Western
31%
"M4
.
71
58
A
29%
49
..
75
•'"68
-71'
J-J
A 1st
4'%.
■
—
Bonds
High
41
.
F-A
—1943
series
Norfolk Southern Ry Co—
1st mtge 4%s series A
/ ,■ A Gen mtge 5s conv inc
'
'
A-0
{Missouri Pacific RR Co—
.
100 ;
J-J
5s series %).—-Jan 1967
3%
,
135
/61%y63
A Cum
adjust
/'
^
2%
100
63
•"
J-J
B..%—>>—/——1962
Prior,lien 4%s%eries D.—>—/.1978;
/
6
'
40-year 4s series
-
35 '
9%
7
31 y2'
2%
J-J
Prior lien 5s series A—.—.——1962
62%
27
,
—1940
Niagara Palls Power 3'/2s
>——1966
Niag Lock & Ont Pow 1st 5s A—1955
Niagara-Share (Md) deb 5%s
1950
.79%
1577
V
32%
31*/*
:
75
••
-
99
Friday's
or
Bid & Asked
44%
F-A
t§AN Y West & Bost 1st 4%s»—1946
101-.'
:•
ry 59
116;
'31%
...5%
7-0
T''
63
97
75'%
>
,4%
.
55
1
Telephone 3'%s
J-J
1937
ATerminal 1st gold 5s
•N Y
'
31%:
J-J
Missouri-Kansas-Texas 'BR— ;! 1 '• :<
104%
60.
.,
•9%
■
31%
J-J
A25-year: 5%s„
--
,„104'%
—1937
—
81'%
.'{ 71
:
62%
4%
31
.
§ A 1st stamped 5s gtd" as to
int._1938,
A 1st & ref 6s series A—-———1946
.
9 3A
vf'73f"-
\
65 ;
35
■
32
Q-F
1938
:
"60
Af-S
ARef Si ext 50-yr 5s series A__-1962
{Minn St Paul & Sault Ste Marie /'/
§ a 1st. cons 4s. stamped—
—1938'
79%
<
,
,
97
60%
62
35
v
-63
97
78'%
79%
:
t5AN Y Sdsq & W 1st ref 5s
•§A2d .gold 4%s
.{AGeneral gold 5s
.
104% 104%
J-D
J-D
5
*
Week'a Rang#
Last
Lout
102%
32
y
Friday
Sale Price
Nigh
100
81.-,:,:
Period
y
/
—
81
M-S
"'.Low'
No.
Interest
Week Ended Jan, 28
f'
January 1
103
J-J
& Northern 1st ext
A § Consol ext
*92
\
M- N
Range since
Sold
*
BONDS
New York Stock Exchange
'''
Bonds
Bid & Asked
Michigan Central—
-
CHRONICLE
■'
•
r
THE COMMERCIAL & FINANCIAL
111%
51%
N
Nash Chatt & St L 4s series A_—1978
Nat Dairy Prod 3y4s debs_———I960
Distillers
Nat
Prod
3y2s_-
1949
F-A
J-D
-
3'As sinking fund debentures—1949
National
Steel
1st
Af-S
3s_—1965
mtge
A-O
fANaugatuck RR 1st gold 4S—.—>1954
Newark
Consol
A Consol
RR gtd
5s
gtd 4s
1st
J
New
N
-7
Orleans Great Nor 5s A
^
1st ref & imp 4%s
1952
Orl Pup Ser 1st 5s series A__1952
New
1st
ref
&
5s
series B
Orleans Term 1st gtd 4s_—1953
tNew Orleans Texas & Mexico Ry—
>jANon-cum
inc 5s
ACertilicates
A 1st
5s
of
series
5s
of
ACertificates
A 1st
of
.
ACertificates
of
y
—1954
.
,y
883
87%
116%
26
116
27
122%
107
~2
107'/a
a
117%
:
Paducah & III
124'%
107
15
7
'
108
104
104'%
99%
64'%
"60 y77 6 4
—
7
.77%
7.
78
'75'
61;.
74%
\
.
74%
72%
21
"'■:•••'
75
76
.
72'%
74%
21
'•.
:
3
7 7
77.
deposit—
78%
77::
.
77 >
75
/.;•: 5
74'
N
Y
Central
Ref
&
Ref
.
gtd 4% S—:
&
RR
4s
—„—
series A——
1945
"
;
.1998
impt 4'/2s series A—
impt 5s series C_^
4%s
77
;
Cent
Hud
&
River
68%
67%
69
89%
88
1998
registered——.—
•
85 ;
73%
75
74
.1998
Mich Cent coll gold 3%s
7
3%s registered
:
New York Chicago & St Louis—
——
56%'
'63 :
480
473
•
5'/2s
4%s
Ref
series
78%
30
85
66%
68 %
64'%
i
'
series
1974
65'%
'
Y
%
S
mtge 3%s
f
N
Dock
1st
Conv 5%
gold 4s——:
notes—
N- Y Edison
3 y4s
100
100
'
C——
.1978
extended to_i—„ 1947
N Y Connecting RR 3'/2s A——.
1965
.'1st
—
'series?
i.
s
,
7;
i
3'As series E_—. .1966
N Y & Erie—See Erie BR
;*
N Y Gas El Lt H & Pow,
gold 5S—. 1948
1st
lien
&
ref
'.Purchase'money goldi:4s—
.
N Y. &
i
Harlem
gold 3%S—t—
80%
Mtge4s' series,
7
77'
14
80'%
ANon-conv. deb 3%s_—_—___1947!
f
t
ANon-conv
deh' 3%s/-t>—— v.vl95Adeb ..4S—t———1—1955
) ANon-conv
ANon-conv
deb
ADebenture certificates 3y2S—wl956
AConv
deb
6s
—1——1948
SACollateral trust 6s—.
ADebenture 4s__——
1940v
1957
AlstAr ref 4y»s series of
1927—1967
t A Harlem River & Port
4s
N Y & Putnam
1st
cons
5
77
4
N Y Steam
For
stamp
Corp 1st 3%s.
footnotes
see
page
1958,
>1963
468.
•
'
47%
109%
108%
108 Ya 108'%
24
106%
108%
108
108'%
108
108
108
100
15
108
5
108
99% 100'%
90
122% 122%
10
98%
108%
108 Ms
100'%
121
122%
J-D
110%
110% 111
59
109
1U'%
J-D
116%
116'% 117
30
115'%
117
A-O
100
100
A-O
106%
106% 107'%
53
&
J-J
;
107'%
106% 107'%
43
105%
107%
100'%
100% 100 7%
159
99%
101'%
—1952
A-O
>1947
M-S
106%
gold 4%s "series C_
47%-'
'••5
53%
;
101
157
101
107'%
conv
3%s
Wash
1st
'
16
.
series
B
1
-
46
85
24'%
23'%
52
50
49
+
-■
7
104%
>
741/™
79
7 89
107
4
7. y':'
■
73
107
:
17
.
5'
6
95%
98'%
89%
"71
87 Va
89%
86
89%
152
82
105% 106'%
1.7
116
105%
89%
107
123% 123%
•
"
123%
124
43
106%
108%
110% 111
110%
J-D
10
107'% 108%
108%
A
13
110%
111
102'%
103
102'% 102%
t
"
*
J-J
- •
Af-S
7
47%
Af-S
_193T
J-J
r
104%
*
.
'
214
38%
50
21'%.
19%
"'104%
278
17%
21%
"i
104 %
104%
—
104% 104%
'7%
7%
• • •„«.
'
50
47%
20 Va
Af-N
;/>:
guaranteed
"131% 133
7%.
7%
7%
6 Ya
6%
112 »/a
112%
2
116%
117%
3
11
6%
"6%
r.x
■
7 V Af-N
":>•
104
F-A
"99'%
J-D
"112% 1
1957
Af-N
"113
1960
F-A
"113'% 115
F-A
"
gold»»1953"
1963
—'
—
122'% 124
"
cons
guaranteed 4%s»1964
Af-N
124
5s series A
5s series B
1970
J-D
117
117'%
1975
A-O
117
117
116
117
Gen
series C
1977
107
107'%
24
106%
107'%
103
103'%
46
102%
103%
103
103'%
18
103
103'%
102'% 102'%
1
102'%
103%
65%
4%s
J-J
-
-
105
•'
'
9%
'.'.,47
52
7
%
110
"
98'%
89
Gen mtge
Gen mtge
53%
102%
■
12
T
>.
Series J
25
.
■
110%
108% 108%
4s
10%
Pitts Coke & Iron
'
'%;.-•
59'%
t 4s
Series G;4s guaranteed.
Series H cons guaranteed 4s
Series I cons 4%s
87'%
••
F
96%
■'
1962*
4s guaranteed-.
.»»194S
Series E 3%s gtd gold^.„__
194fr
Seri)3
98
MS
1967
Series D
7
107
89%
89%
J-J
T
1971
Pittsburgh-Cine Chi & St.Louis—
■
55%.
16%
48'%
22
9% '10%
"110
82
352
'
49%
50'%'
134-
7
"7,
„1961
deposit»»
- -
29
"
«
F-A
»1963
s
59%
23 V*
'J-J
1977
»»z»>1949
of
;>/'/,/"
45%/49%
24'%'*'7 '',. 372 '*
103% 105 '
4
45%
•
4$ %>
49 Ya
;746J%'.7 51,46% '51
291,
52'%
y. 50'%v
.
55%
285
J-D
1974
C—
3s debentures
fSAPhilippine Ry 1st
112'%
206
29
gold 4s—
series
Philip-Morris Ltd deb 3s
-
112
59%
24%
J-J
1952
1st & ref 3%s>»
mtge 2%s—
it ref
26
58'%
28%
Af-S
{Philadelphia & Reading Coal—
•i
Aref 5s stamped.
.*»».—.—1973
105%
71
46
.182 7
•
58
1st
112
59%
J-J
■
77
59
,7 87'%
.
gold 4%s
ACertificates
53%
87'%
5s
Philadelphia Co coll tr 4%s_
.(
47%
52
General
General
/7"r:' '•!
47%i
,
——1980
deb..;
112
A-O
Apr
F-A
1956
——
Phelps Dodge
1111-
103%
32
7
-
series B
AConv deb 6s
>.yi
.—-—I960*
108'%
7' 110
,.-/47'%■"; 49
\
ext.1
4s
4s
108% .109%
:','46%7487-r-/ ;'7V41'7'
7467-7'47% 7 7:155.7-;
-,747%: 49'% 77 ,7 102/
'
& Eastern 4s
1st
7;'ill53i;U5%
49%:
107
108 %
3%s_>—J
1st
107
^'>I':r7l05
79 >/ 79
1965
106%
18
F-A
—1965
Phila Electric
7'
no%-:
72'% • 74%
//..'
gtd 4s__.^1993
N Y Queens El
Lt & Pow 3%sj
N Y Rys prior lien
6s
"
•il 8 7::.
1041% 104'% 4*
'
?AN Y Ont & West ref
gold 4s_—>1992
AGeneral' 4s_—
I——
____1955
109%
106 »/a
108'% 108%
1984
90%
"I04,%»/—.'
——"——1954'
109%
2
108%
Af-N
D_7—_'—7.1981
101'%
7 78% 7.81%
1007 100%
:
•
25
115%.V;i
115%
Chester—
1st
106
Af-N
102
"
49'%
~
"108% 109%
106% 106%
"104
A-O
Apr 1990
Peoria & Pekin Union Ry 5%s—1974
Pere Marquette 1st series A 5s
>1956
1
105
y;
51
:3
"104 r
48
4s__l—11_>111956
"
107'%
106%,
4%s series E
AIncome
65»%
87
■rs '?■
107'%'
/uo%
U1'''
V7f(
.
101%
106%
/
F-A
—1968
Peoples Gas L & C ref 5s
101%
81'%
107
Mtge 4s series B
•
R Y Rack & West 4s series Ai—A. 1973
i;
4y2s series B——
—1 .1973';!/
tN Y New Haven & Hartford RR— 7>
: ANon-conv
deb ;4s_7—i!947.7
101%
22
106% 107
■
—1970
Peoria
>95%
486/
ioo'% ioo3'8 />:
.2043 'jj:
.2043 ■ J 1
■■, n
87'//
100
116'%
J-J
-
68'%
63
127
90%
108% 108%:
7
w
J-D
Conv deb
,7
1.15%
"109
106%
J-J
1974
gold 4%s_
98%
100
"101% 103'/8
Af-N
Gen mtge
70'%
•62%
•
107'%
I
2000
85%
87%
87%
F-A
77; 77;' '•;' y;
General *4%s series A_
General 5s series B—
Phila Balt .&
|.
T949
:
'
''7/
•;
7; 101%
89'%
100'%
.1965
■
65
17
*ioiy2 7__'v-C
106% 107
'
.1947
J-D
F-A
—1948
General 4%s series
'
90
I
y 1951
87%
1
.
»_
/
69%" .75%
:7>7 1
'
A__
,
debentures--
/ .Debenture
92%
,
Ref
62%
69 i
83'%'' 89'%
9
'
••
'7
87
47
<
69%69V^H:
67'%
.1998
7, .'
77:'.: 66'%
59
109'%
104
•
,
1998
346
878
89%
84
Vr
92%
89
?'
/
62%
1997;7'
—
Lake Shore coll gold 3%s—:
3'/2s
66 '%
60%
92%
3%s——. 1997
3%s registered
64'%
61%
V
2013
-
4s* sterl stpd
dollar——May 11948
Gen mtge 33/4s series C—
:1970
Cons smking fund 4%S—»—1960'
,/..
65%
2013
Conv secured 3'%s__. 1952
N Y
103
108
104
110
/105
100
Newport & Cincinnati Bridge CoGeneral
"109% 110%
"106
115% 116%
Pennsylvania RR—
/Consol gold 4s»
79
v
109
A-O
—„
72%
'773%
105%
108
'"108% 109
"104
F-A
74'%
:
105%
104%
Af-S
Penna Power & Light
3V2s_——1969
:
74%
69
•.73
■
,/
78
•
73%
20
769
.
61'/a
.
110%
104%
—1944
ctfs D
1944
Gtd 4s series E trust
ctfs——»>1952
Secured 4s.——
1963
Pennsylvania Glass Sand 3%s—196G
Pa Ohio & Det 4%s series B
1981
1st -& ref 3%s ser D»
1968'
•72 ,.,7'77'%
7
:77%:7
6s
Guaranteed 3'/2s trust
64'%
71%
72 7"
77 5
77'% .•••'
74
deb
—
"
;;
7
62
•
Trans
Pennsylvania Co—
99%
'
31
•
110
1
Paterson & Passaic G & E cons 5s_1949
104%
96
(
;
9
"15
J-J
.
Parmelee
::
103% 104%
56
99
110%
M-N
—>1960
98
,
■
96
:
A-O
f gold 4%s—„ 1955
s
>
J-D
Paramount Broadway Corp—
...
,.
1st M s f gold 3s loan
ctfs—>1955
97
103
6
99%
63
793'%
7
103% 104'%
104
,94%?
8
1st
Panhandle East P L 3s B__
110
J-D
--
99
105% 105'%
104% 104%
J-D
1971
Pacific Tel & Tel 3y4s series
B—1966
Ref mtge 3y4s series C——
—1966
,
96
A-O
,1st & ref M 3s series K_'
99
»
•84
64
97
.
v
116
84%
95
F-A
deposit——;—•
—
88%
97
.—
105
115%
122% 123%
■
'_
75 :■
—.1956
of
.123%
F-A,
deposit
5'%s series A
87%
A-O
—1956
4'%s series D
.ACertificates
A 1st
•
104
100%, 100%
116
,
y A-O J
;——
—
116
,107
deposit————'
C
series
10
104%
116
,r;.
B—_———-1954
ACertificates
A 1st
deposit
103'%
104
J-J
y/. J-J
series A—_1935
102%
"81%
J-D
New
104%
";k'r *100%,
A-O
1355
—
107%
103%
104
7 J-J
O & N E
105%
8
24
88' :xi
87
17
102'% 102%
•i '
/7:
82
36
f.
102%
F-A
A-O
1983
87
107%.
*"86%
/ J-D
•••/••; Af-N
1986
—I960
85
107
104 »/4 104%
7
,
—1961
RR gtd *st 4s—
Light 1st 4%s—
&
.7
J-J
—1952
gtd 4'/2s series B
Pow
J-J
—1945
N J Junction
N
J-D *
■
—1945
New England Tel & Tel 5s A
,77:,'
Af-N
Gas cons 5s_—1948
fANew England
86
107
MS
.
i
'
:
4%
59%
110%
107
107
108%
108%
Pitts Steel
1st
conv
4%s A
mtge 4%s„
1st mtge 4%s series B_
Pitts & W Va 1st 4%s series A
1st mtge-4%s series B
,
■
1st mtge 4%s series C__
1952
—1950
*•*
MS
*
J-D
'
1950
J-D
1958
J-D
65
63%
65%
67
59 V*
1959
A-O
64%
64"%
64V8
1
58 %
65 Va
1960
A-O
64%
64
65%
46
58
65%
102'%
THE COMMERCIAL & FINANCIAL CHRONICLE
28
Last
Interest
Period
Jan.
Ended
Week
Exchange
Stock
or
Ash 1st 4s ser A—1948
1st gen 5s series B
—1962
1st gen 5s series C
—
-1974
1st 4Vas series D_—
1977
Finland Gen Elec 1st 4%s_———1960
1st 5s extended to
1950
Potomac El Pwr 1st M 3%8—
1966
1st mortgage 3'As
1977
Pressed Steel Car deb 5s—
-1951
Pitts Young to
•
Securities 4s
1957
improvidence Terminal 4s
1956
public Service El to Gas 3'As——-1968
IA Providence
3
107% 107%
J-D
F-A
—
.
.
Low
NO.
Hioh
Stock
New York
Range since
January 1
Sold
Asked
Low
.'•■v
Bonds
Friday's
Sale Price Bid &
Ended
Week
/
107%
Texas & Pacific 1st gold 5s
Gen & ref 5s.series B__—
107%
—>2000
_1977
115%
A-O
*
—1979
Gen
&
ref 5s
series
&
ref 5s
series
D___-„
129
100% 101%
99'A
101 %
Tex Pac Mo Pac Ter 5Vis A
5
105%
105%
Third Ave Ry 1st
.!•
J-J
109
109
5
109
F-A
J-J
101%
6
101
21
22%
63
17
A Ad
J
J-D
4964;
ref 4s--*—.-
v
■,j-j
22
If-N
,109'A
,
V
23
income 5s
—
&
rei mtge 3s
1st
to
—2037
1st
&
ref mtge 5s_
rei mtge 8s
Public Service of Nor
111 3Vis——1968
.
—2037
Elec 1st
*97
Jf-S
—
*109%
J-J
110
18
n47%.
J-D
*222%
110%
35
97
.1997
J-J
94
98%
.1997
4Vis series B
.1956
Rand deb 3'/as-—
.1961
Republic Steel Corp 4 Vis series B.1956
Gen mtge 4Vis series C
.1960
Revere Copper to Brass 3'As——
J-J
98
98%
.1939
J-J
88
87%
88%
37
.1949
A-O
48
47%
48'A
344
4Vis series D
Gen mtge 33As series H
Gen mtge 3 Vis series I
Gen mtge 3%s series J
*§AR I Ark to Louis 1st 4%s_—
iARut-Canadian 4s stpd
l§ARutland RR 4Vis stamped
.1967
A-0
—1959
F-A
—1967
J-J
F-A
If-N
105%
106 ' i
98%
105%
47
J-J
J-J
v
101'A
10
102
81
&
107;-
111%
109'%
109'%
257
39'A
46%
^United
43%
45
11.%
13%
*10%
13%
13
13
*■
Corp— '
debentures
J-J
.1996
J-J
*63%
.1990
A-0
*61%
*106
'
i.
——
—
,
■'«;
■
A-u
...
'
■
'
.y
1083',,
102%
104%
102%
103%
109.110V
9
y.v,
106%
106%
.
21
100%
102 Vi"
40
101%
102'A
101%
101%
100% 101%
v:
102;:
107%
11
27
f.
'
*106% 106%
—
F-A
102 Va
102
C*
•
Jf-8
M-N M
*101
102'A
■
11949
M-N
M-N
M-N
*101%
M-N
*101
.Nov
2.40s
M-N
May
1 1953
M-N
M-N
May
1.2.65S
11955;
101% 101 Vi
4
*101'A 102 Vi
103
:102
V
103
102
103
103
*101% 102 »A
M-N
*1.01'A
A t.
M-Nv'
A-0 Jlv
1-1951
—
*101Vi
-
M-N
1 1953
.May 11954
Nov 11954
-
—
*101% 102%
*101
A,:
.NOV
—
2.60s
,
'
United Stockyards 4'As w w
62%
■
-May 1 1952
.Nov 11952
2.45s
19%
21
V
103% 103Vi
T 103% 103%
"109Vi'109% 109%
-May 11950
Nov 1 1950
2.15s
•,
':
106
62%
-
103
■
''2.10s -1—
i
'
406%
106 '
*
".'••j
104
102%
"103%
A-C
.•
.May 11949
2.55s
.1947
103'A
^■4:
J-D
.—1944'
2.05S
14%
106
14
106'A 106%
106%
A-0
1980
—1955
2.50s
.1966
19%
18
107% 107%
107%
t
A-O
M-N
—1971'
series A——.
States Steel
Serial
• '•
<
12%
,42
16
—,
UNJRRit Canal gen 4s
111%
5
112
15
19%
J-J
1—1 —1947
grant 4s—
United Biscuit 3%s debs—
—
111
3
19%
103% 103%
-ih,y
1952
United Cigar-Whelan Stores 5s_.
United Drug 3'As debs.
■—. —1958
.,49%
"
Ltd 1st M 4Vis
101%
107
*102 Vi 103
■: <
-
Grand Island 1st 4s
Adir 1st gold 5s—
2d gold 6s
—-——
103
101%
111% 111%
103%
RR—'\byyl
Ref mtge 3Vis
;
Saguenay Pwr
101%
3
100
,jbr'nv
2.35s
Bt Jos to
34
967A
83
*106% 107%
'
10
44%
land
-
'
.,88%
v,
Pacific
•'
-
2.20s
St Lawr to
73%
117%
*116
J-J
34-year '3%s deb—4——> .—1970-
•
102
44%
-
■■'." 35-year '3 Vis deb_-_
.
109% 109%
M-S
1st
k
106%'
111% 111%
M-S
.1941
105%
105%
M-S
.1949
104'A
*125%
M-S
.1934
94'A
5
28
102
Af-N
.1969
43
105% 106%
'■
Union
105% 105%
105%
.1967
'
105% 105%
98'/2
J-J
M-S
.1977
112
30%.
519
c
.;
*101% 103
—1945
Union Oil of Calif-. 3s deb
3s debentures
,*.99%
192
Roch Gas & El
71
102% 102%
J-D
•
Jf-N
tSAUnion Elec Ry (Chic) 5s
99%
4s.
85'A
110
U
98%
*§ARio Grande West 1st gold
A 1st cons & coll trust 4s A
34
-
111%
99
Gen & ref
73%
—.
97%
Remington
1
63
110
107
98%
—
80%
_.
110% 110%
A-Q
106%
11
106% 107
M-N
J-J
99%
.1951
85%
109
99'A 100
A' N-S
gold 5s
Tri-Cont Corp 5s conv deb A
110%
—
A-O
4s—
85%
79%'
97
85'A
31%
•
100
A-0
v.
1949
1953
Gas to
Trenton
R
Reading Co Jersey Cent coll
Gen & ref 4 Vis series A-
81%
85%
72%
34
-
,
;
j-d
Tol to Ohio Cent ref & impt 3%s__1960
Tol St Louis & West 1st 4s
—1950 ;
Toronto Ham & Buff 1st gold 4s—1946
102%
Union Electric Co of Mo 3%s—- —1971
—1972
1st
73%
A-0
.--Jan 1960
High
115%
38
85%
110
.
v
Low
5
-
84%
;
January 1
115%
No,
84'A
J'
85'A
Range since
Sold
85
85
>,
a
M-3
;
I960
Bonds
Hiah
'111
101
Friday's
115% 115%
85%
A-O
—1980
C
Gen
J-J,
J-D
—
105% 105%
or
Sale Price Bid & Asked
Period
28
High
J-D
101
East
Interest
Exchange
Jan.
Low
J-D
M-S
Week's Range
Friday
BONDS
Week's Range
Friday
BONDS
York
New
Monday, January 31, 1944
—
*102'A 102%
,
102% 102 3A
.(102%
102%. 102%
—
.
■n—
River
Division
& Gull
*
.1933
Af-N
.1948
J-J
98
.1959
If-S
97%
.1955
J-J
'
98'/a
95%
84
.
95'A
41
*93
97%
99
90%
90%
96
81
49
84%
84%
.
7
J 97%
1
r
v
98'A
95
.
83%
89%
1955
Vandalia RR cons g 4s series A
99 '-:":
F-A
*108%
*112
A Prior
I;
-1950
lien 5s series B
35%
39
35%
38%
38%
42%
38%
42
31%
33%
2,095
28%
32
32%
12
28%
98%
4-15
42%
J-J
—-
42
if-a
.-1978
98
■98
-
°
72
62
62
F-A :
8
f 4s series B———
45
43%
1990
J-J
gold 4S-1968
1947
J-J
26%
25'A
26%
F-A
35
33%
& Duluth 1st cons
•57%
38%
Sh L gtd 4Vis—1941
St Paul Union Depot 3Vis B
1971
Schenley Distillers 4s s 1 deb
1952
Scioto V to N E 1st gtd 4s
—1989
ISeaboard Air Line Ry—
72
104%
22%
468
-30%
103%
104
104%
*126%
102
5.
*
29
Wabash RR Co— "••
51
A-0
69
54
i. 403
A-0
54%
51%
55%
-1959
A-0
27%
26%
28%
f
Vi
■
'
■'
;
25%
26%
115
36%
3,674
35%
37%
35%
34%
52%
50%
53
jASeaboard All Fla 6s A ctfs—1938
A 6s series B certificates.. .—1935
Shell Union Oil 2 Vis debs——1954
2%s sinking fund debentures—1961
II ASilesian-Am Corp coll tr 7s
1941
Simmons Co debentures 4s————1952
Skelly Oil 3s debentures.
—1950
r-A
44 %
40%
44%
gtd 4s
Socony-Vacuum Oil 3s debsl
South to Nor Ala RR gtd 5s
South Bell Tel to Tel 3%s
3s debentures
—
,|AWabash Ry ref & gen 5%s
ARef gen 5s series B—
Pac coll).
registered—
4 Vis (Oregon Lines) A
Gold 4 Vis.—
Gold 4Vis—
F-A
J-J
100'A
J-J
100'A 100%
'100% 100%
F-A
53
A-0
*103
p5%
.
21%
28%
20
;
26%
28%
74
37%
■27%
236
.
'<
69Vi
'60
-
I
M-B
:■
Ar''■/'■ V
'F-A
i
53
•40%
I>;28':
49
.
62
49
.
>.
j
.
West Penn Power 1st 5s E_>l—1903
1st mtge 3%s series I.—
i960
100%
105%
A-0
1963
1962
...1979
v...^
100 %
Western Maryland
53., ;
105%
r 1st & ref 5%s series A—
52»A
104 %
4
103
103%
105% 105%
>123
AWestern
103 4
i
105%
105%
35
107
107
98%
95
96
75%
74%
76 %
861 y'
Af-S
73
71%
73%
367-4
Af-N
72%
70%
72%
853
Afls
A-0
97%
,
.i-
71%
103
309 .A
13
r
..1955
J-J
-1994
..
J-J
-1956
series A.
1956
6s
—i———-1956
Devel to gen 6Vis—
-1996
Mem Div 1st gold 5s——
St Louis Div 1st gold 4s—.. -1951
Devel to gen 4s
gen
..
v
95%
:
442
69
40%
39
40
/
40
F-A-
*101
•rt-jL'ii.:,
./ F-A
'■/
-
J-D
.
1st 4s
Pac^ie-
1st 5s
38%
J-D
118% 118%
1
71%
-J
735 'V
: 77A
70%
94%
96%
304
107% 108%
78
77%
78%
it
J-J
111%
'
.
-A-0
;
A—-IMdillr J
—1948.
94%
95%
38
A-O
99% 100%
402% 103
J-J
J-J
102%
102
103
.1968
1st to ref 3s series C
Southwestern Pub Serv 4s—— .1972
J-J
ASpokane Internat 1st gold 4Vis. .2013
.1968
Stand Oil of Calif 2%s debs
Apr
Standard Oil N J deb 3s
—1961
debenture.—...—
1953
110% 111%
'101
J-J
M-3
100
...
82
•
'
83%
% -102 Vi
•
'
t'l
107
M-N
106% 107
12
..
9
,
*56
F-A
92%
79
J-D
105%
105
J-J
105
104% 105
3
105%
39
A
A Certificates
|ASU to Du
'•
82
21
;
V
'
83 Vi
80
cons 5i
Ref to impt mtge 3%s
se'rlei
Taxarkana & Ft Smith 5 Vis A
Company 3s deb
Texas
—III!
-
100%
83%
103
-
102
103%
,
161
101%
102%;..
7
101%
101%
140
55%
64 Vi\ :
57
53
V 59 Vi
I
*
1966
.
.
•>
*
M-S .;^iuvi
111% 111%
Af-fl i"
v.
"
5
111
111%
93'A
..
93%
51
91 Ve
103%
22
101%
J-J ;
93%
.
'4 ,103
A-O
103
.
100%
-110%
116 V'«
*116%
—
103
•
of
1st 4s—
.1949
J-J
of
61%
64
.
204
,<■
57%
.
116'/'o
deposit--,
60'A
If-N *
.19
19%
<
'*
'
•18
Wisconsin Elec Power 3VaS—,
.1968
A-O
.19171
J-J
4
f 04
■''-'"'-I.
•
•
14
60%
60%
20%
60%
deposit—
83
16%
20%'
18
11
15%
108
18
109% .110
*110% 110 Vi
■
•
107%
103
20
102
102%
49
101%
101%
108
,
,
107
110%
11<)%
54
104
a*.
*56
• •
i>.
v
Youngstpwn Sheet to Tube—
% /Conv, deb 4s__—
1st mtge 8 f 3'As series D—
•
-1
V
vj
11948:
-1960
-105-105%
104%
.
.
102 %.
•; M-5,v ..
^ m-N :
101%
;■
t' '
'
.102% 102%
101% 101%
i
M
.:
105%-"
105 % 105%
7
105% *105% •*
1
102%
F-A
-1953
J-J
*119
104 Vi
1
R Deferred delivery sale not included in the year's
range,
d Kx-interest.
J-J
-1950
F-A
-1959
A-O
105%
-1965
Af-N
105%
112
10
92%
93%
111%
112
105'A
*105'A
93
Odd-lot sale not
rOash sale
quotation per 200-
104
112
-1974
e
the year's range.
INegotiability. Impaired by maturity. • tThe price represented is the dollar
pound unit of bonds. Accrued Interest payable at the exchange rate of $4.8484.
123
•—
.
64
'"
diy & term 1st 4s—1936
A Certificates
63%
-
V
102% 102%
J-J
•.
93%-,
112%
If-N
-1944
•
103%
103
M-N
-1951
,
./,
«•">•: '•
Included In the years range,
n Unde-r-the-rule sale not included in
not included in the year's range.
gold 4s
82
-v."
Wisconsin Public Service 3'As—,
-
V
Tenn Coal Iron to RR
gen 5s_.
77%
92%
400%
96
1961
Swift to Co 2%s debs
101
', 54
;.,:
—1956
Superior Oil 3Vis debs
98%
118%
77
■
-'95%
403 Vi
*102% 103%
112'A
88 Vi
102
& Co 1st mortgage 3s_——1958
Winston-Salem S B 1st 4s_—
-1960
65% r;,74r?A
106'A
*110% 112%
111%
160
92%
-101
"79%
■
If-N
91 %
41
Wheeling Steel 1st 3 %s series B
105% 108%
:
32%
112
111%
127
;
;. Wilson
4, .43% >76%
j
8
109 "A
110%
29
111% 112
H
•jf-92'*":'
M-3
;
Wheeling & Lake Erie RR 43__._._1949
J'.A 91% :r96%
135
95%
109
.
-111% 111%
101% 403 %
105.1
A-O
118%
4
9
109% 109%
,111%
.
72%
42-
*104
^ '.102% 102%
66% .43%
65%.
•
-,
<
■■■•'
-
-M-3
-
1977/:
;
10
99%
—,
"
_1952
ser
.
95% > 98 Vi
42
v.
28
.
>76%
•'
71'A
63
37
—
41
*94
Q-M
-
96 4
i--/ o ;
108
J-D
debentures.
1,56
S103
103
-25-year, gold 5?__^
——y 1951
-103%
30-year ,5s—
_f—^1960
M-S?..% ■•V102V41,' 101% 102%
Westinghouse El to Mfg 2%s_
1951'" *; M-N '
VV „101'A 101 %
West Shore 1st 4s guaranteed.——2361' '
62
J-J
$ ,»%"64%
:
64Vi
Registered
—.2361
"■ J-J
,U ■"> 59% ' v 58'A 59%'
:,98%
94
v
102% 103%
A-O
Southwestern Bell Tel 3Vis B— .1964
3s
103'A
68
.
j-
106'A
V 95%
\
J-J
cons gold 5s
f
100 «A
,
97%
95%.
y.-
...107%
105%
105% 106'A
V98
.
'/ F-A
-
•
;tWestern Union Teleg gold 4%8__ijl950
97%
J-D
J:
s
111
40% '
*40'A
A-O
106'A
130
107
A-0
J-J
.Aug 1949
—1949
1977
^-1968
1969
South Pac RR 1st ref gtd 4s
refund
88%
80
110
27
39
39
100%
100%
30
•
I
■
j/aWisconsin Central
Gen
.
117
*41
r,
; a-o
.
1950 ^
1967/%
I
Westchester Ltg 5S 6tpd gtd
Gen. mtge 3Vis^——
••
A5s assented—
J-J
..1964
Af-N
Terminal Assn St L 1st
'
70 "
-61%
*40»A'-—
:
A-O
-
36%
42 Vi A
:•
53
104% 105'A
F-A
.-1950
2%
•
Apr i ./
.
(Cent
&
1973;
—1976
yWalworth Co 1st mtge 4s
;
1953
Warrep RR 1st ref gtd gold 3%s.J2000
r, Washington
Central Ry 1st 4s
^..1948
Washington Term 1st gtd 3Vis
1945"
i
1st 40-yfear guaranteed 4s
1945 ."
.V
4s
Devel
A
>
107
102% 103 »A
103 Va
-Apr.
:
ARef & gen 4%s series C.—1978ARef to gen 5s series D
—1980
v
Southern Pacific Co—
Stamped
7
16
*
.
36%
M-S
Southern Ry 1st
J-J.
:
k•
5
f
54
"43
810
26
M-S
•
■>'
1971
—
•
35%
43 Vi
922
1933
1st
88%
110% 110%
,87%
110%
90%
110-%-
■
vv*
■
t i AGen mtge 4s inc series A—.—1981
y.»\AGen mtge ino 4'As ser B———1991
26%
,
104 *>104%
126% 426%
..
—1949
4s
'V-:'
110'A
90
110%
W
?;
v
92
33
.
—1950
—
deposit.
A 1st cons 6s series A
a Certificates
of deposit
t§AAtl to Birm 1st
102
109%
...
gold stamped.,.
§A4s
IA Refunding 4s
A Certificates of
1
*101
/;•
If-8
6$%
45
92
;
102
A-0
if-a
M-N
..1950
unstamped-
§ A 1st gold 4s
*92
J-D
|§ ASt P to K C
*
10
..,..93%
70%
227
35 %
A
,
97
47
45
1952
J-J
Paul E Gr Trie 1st 4%s
lASt
10
90 Vi
110% 110%
•
»,
,1st mtge 4s series A
St Paul
—
90
A-O
1st cons 5s__
————-1958.
Virginian Ry 33A« series A
—1966
—
110'A 110'A
•: J-J".:.
,/ .•
'42%
42 *3
33%
4
%
32%
M-3
Virginia Pub Serv 1st mtge 33As__1972
Va to Southwest. 1st gtd 5s—2003
39
38%
32%
2
65 Va
J-J
| A 1st term & unifying 5s
AGen to ref gold 5s series
33
;
1,070 ;v V'36VA
13;36%
72
Nov 1988
bond ctfs
4s inc
•V
32%
M-N
1989
1st
A 2d
,
2,307 130:4-
M-S
Cons
iV
Louis-Southwestern Ry—
4s bond certificates
iSt
V-V 33%
...
——
'
39
38 Vi
J-J
..1950
M-N
Va Iron Coal & Coke 1st gold 5s—1949
San Francisco Ry
A Prior lien 4s ser A—-/^Certificates ol deposit
JSt Louis
1957
Va Elec to Pwr 3%s series B—1968
90%
It.
105%
26
91%
105% 106
13
105%
106%
105% 106
18
105
Vi
the
/tCompanies reported,
as being in bankruptcy,^^ receivership, or reorganized under
Bankruptcy Act, or securities
assumed
•Friday's bid and asked prices;
by such companies.
106%
94
1
ABonds selling flat.
no
sales being transacted during
...
current week.
'•
-
I
Section 77 of
,
;
Volume 159
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4251
469
iaiBiigB
NEW YORK €111 EXCHANGE
WEEKLY
taT/o^eto
AMD
YEARLY
22,
and
to include
/V/V///,.'.
*** "* ^
In the following extensive list we furnish a complete record of the transactions
Jan.
V/
RECORD
™"ta
me
the New York Curb
on
~
<•««'<»» »• "*■>» ««"»
Exchange for the
week
'»«•
beginning
on
»« «<™
Saturday,
the present Friday (Jan. 28, 1944). It is compiled entirely from the daily reports of
the Curb
Exchange itself, and is intended
security, whether stock or bond, in which any dealings have occurred during the current year.
ending
every
'WSMWIF
;/'■//% STOCKS
New
York
f.'A
Aero
Investors
Electric
Great
-
22
3%
37/a
6% :> 7
600
3%
Jan-
3%
300
6%
Jan
7%
Jan
400
6%
1
9'A
2%
2%
2%
2
T./.
Appliance.
3
•
•
9%
Jan
2%
Jan
Jan
2%
Jan
100
35
Jan
35%
Jan
Brazilian Traction Lgt & Pwr
Jan
3V8
Jan
Brewster
Jan
90 Va
Jan
150
>
89
70
115
Jan
116
120
115
105
Jan
105% Jan
7;
1153/4*
105
i
Breeze
2%
2,900
:
105%
Class A
Jan
Brill
8Va Jan
23%
——23
27
common—.
2414
27Va
23%
75
Jan
27
150
8%
,
Jan
Jan
27%
Jan
class
Mfg
Class
Co
■
.yi 6%
new
ii.—
common-.—
preferred———
II-100
—-
27
30
,
.
29%
:
iioy2
30%
28y2.Jan
2,000
110% 110%
110
1,250';
Jan
1107/8
dep
.7 Am dep
Jan
;
Aluminum Goods Mfg.—_—
■—i*
Aluminum Industries common— —-a*
.'
r-
Aluminium
Ltd
6%
preferred;;
IIHoo
American Beverage .common—-—
.1
American
Book
Co.-——
Central
American
Mfg-
—.100
t
-
50
Jan
10%
Jan
Jan
84
Jari
Jan
101
Jan
1
.
1,400
-
30
614
Jan
9%
100
9%
83
30
—1
——
L9
9%
18%
1 '/a
19
80%:
73%
100 y2
19
81%
■
v.^«
common-
Jan
Jan
30 y»
Jan
6'A
Jan
Power
&
Light—
Class
'
v
A....i...———.i.——a—......25
39 V2
39
-
38
4214
42%
43
39
40%
3,000
114
8,300
15%
200
36
-
41
-
2
American
Cyanamid
Class B
American
&
Fork
American
Gas
4%%
-
:
-
39
-
&• Hoe
&
XV*.
Electric...
10
27
26%
108 Vz'
preferred—.-.
-1
preferred-——'.It
3514
j
Preferred
Co—.
1
American Meter Co.—
27
1
,
Jan
41%
26%
1%
Jan
85
16y2
Jan
Bunker
35 V*
250
,
26%
Jan
17-
15
c
35%
V
35%
25
Jan
Jan
1%
1%
1,500
1 '/a
•
35%
27 y4
22 y2
22%
4
.V.I
22%
45%
200
11
1114
11%
5,900
% 10 V2
',
200
3%
74
Jan
1 %
Jan
/ 4;
1st
Superpower Corp common—•
$6
preferred—.
Fence—.
%
11110
16%
17,%
18%
Jan
3%
%
23%
Jan
4%
Jan
"
2%
3
2%
3%
700
2%
2%
Apex-Elec Mfg Co common
——•'7 14 v:
Appalachian Elec Pwr 4Va %, pfd—100 ; : 107%
'
Arkansas Natural Gas common———*
/
..
•
0%
A
non-voting—■/'
preferred.,——.
Aro, Equipment Corp
•■
3%
—107
9%
* 104
Arkansas Power A.-Light 87 preferred.*
new——,—2.50
8%
4%
Electric
13
Jan
3%
Jan
3
x.
8%
.
6
;■
6
•
14
*,: v'
Jan
3%
3%
Jan
3%
10%
106 Va
Jan
400
7 -8%
Jan
9
Jan
500
7%
Jan
.
1,300
5%
Jan
■
Associated Laundries of America—
6%
*
%
Tel & Tel class A——•
& Coast RR Co pfd__100
Coast Fisheries—
1
Atlanta Birm
•
Atlantic
%
•
Atlantic
'
Atlas
-
Co
8%
Atlas' Plywood -Corp—i..
7
1,900
75
8%
-
35%
50
8
31
75
Jan
Jan
35%
Jan
Jan
2
6%
7%
2,400
5Va
Jan
7%
11%
2,500
xllV*
Jan
12%
Jan
3%
Jan
5
Jan
9%
Jan
914
100
5
300
9%
100
preferred—,——t—r-25
Jan'
Charis
4%.Jan
'I
9 y0 Jan
22 V*
Jan
9%,
Jan
i
■
'
:'C
j
"
■,
'.V
.'•t7
'**■ •••'* 1'
v- :•
«
v.'-t
.
Babcock A Wilcox, Co_
1—
Baldwin Locomotive—
r •
•
■
V
.
Purchase
waran.ts lor common———
—30
Rubber
Co
common
6%
Barium
$1.20
.
Stainless
&
Seellg
6%
A
Basic Refractories Inc^_,
Baumann
(L) common
,■
Beau
Brummel
'
Hedges
Blue
Ridge Corp
$3 optional convertible
Blumenthal (S) & Co
For
7%
200
6%
Jan
7% Jan
2%
18,800
2
Jan
2'/2
13%
100
footnotes
see
4
•
1,400
3%
19,600
5%
5%
400
5
25c
Jan
22%
vV
'1
Jan
■(
...
9%
Jan '■
'
*
I
15%
Jan
17%
Jan
98 Va
Jan
104 Va
Jan
9%
Jan
12
Jan
31 Va
,
Jan
31 Va
1%
Jan
1%
3Va
Jan ./'•/
Jany;/
Jan
4
Jan
Jan
5%
Jan
■
.•"/%
^
VV
V i
600
n
•IS
300
Jan
i :■
Jan
%
jan
-
Yi
::/|
Jan
///;
///
"r.<
:5%
5%
300
5%
Jan
5%
Jan
5%
5V4
6V4
5,500
4%
Jan
6%
Jan
21
60c
Jan
•.
Jan./;".
21
;;■
4%
144
1%
—1
24
24.//:;
Jan
4%
...
_.*
T\n
Jan
24'".
M)
1
100
Gas
Steel
Power &
A !rcraft
48 Va
7%
120
&
141/4
115
Jan
110
12%
Jan
3,700
12 Va
1,000
"4%
400
3%
Jan
400
8%
Jan
Jan
//'
48Va Jan
Jan
15Vi
12
10
;
Jan
Jan
,
15% Jan
.♦
com
Products
Light 7%
7
98
pfH—..100
—1
/ ■•
.10
common..—
,
9
.
-Z-f
■
.
"l2% JanW
Jan
21
Jan
9%
Jan
Jan
Jan
98'%
300
8%
Jan
9 Va
i«
r
1,200
%
Jan
1,600
98
9%
220
,97
ii
7
is
6%
6
i/§
6 Va
7%
8'/a
700
7%
r7'%
71/4.
200
13%
.5
13%
98
—3
Jan
6Ve
T'
7
Jan
Jan
'{
8%
Jan
Jan
8
Jan
13 Va
25
98%
Jan
7%
7%
Jan
.
■
100
97
87 y2
87 Va
Jan
25
82
7Va
575
;.i3%
Jan
•
99%
Jan
Jan
87%
Jan'/'
Jan
7%
"
•■"7%
7%
-*
——.——*
preferred
6%
,
Jan ;
A
A
19 Va
23%
3,300
17%
Jan
23% Jan
14V4
13%
14%
11,200
13%
Jan
153a
94
2,300
92%
Jan
98%
9
86%
•
————*
I'.
Jan
961/4
———
'y
"
...————25;
preferred;.
preferred B._—.—..——
.
4%k Jan .;•;/
•'<
9Va
97%
Strip Co..5
common...—
:
8%
•
1
Co
Metal Weather
"4
.
Jan
21
.
10
.1
Elec
preferred.
/
/
Jan'/'■/./
J an/-/'
7%
Jan
108 Va
14%
Jan
13 V*
.-.•24
Jan
47
Jan;/,
1%
Jan
114%
•
America
Hudson
Corp
24
1
& Co..—
of
Ohio
100
7%,
48V4
144.
V* Jan
r—*
;
Jan
12
Light $7 preferred—*-
common
v
1% Jan
75
7%
common.—
4,200
13
—
Corp
1%
12Va
A
$6
'
5%
1
23 Va
r
"
.
v
-.
8%
96V'4
9
"•
y4. Jan
:
.
A
Jan
-
Jan
Jan
98 Va
800
8%
Jan
430
85 Vb
Jan
90
Jan
101
85 V8
101
98%
1,000
20
99%
Jan
101
Jan
99
330
Jan
'99% .Jan.;
7% Jan. rf:j
'
86 i/a
98 ya
9%
Jan
/■
.
City Auto Stamping.—;
City &; Suburban Homes
——*
7
~7%' "7%
....—10
V
-
200
Jan
7
•
Jan
7%
Jan
22%
Jan-'/T
y8
Jan / *'•;
Jan vy
Jan
^
com.
Lights Inc
Lambert Mfg
Cleveland
Jan
Electric
Cleveland Tractor
Cllnchfield
13%
4%
600
Jan
Jan
Jan
13%
Jan
Club
5% Jan
2% Jan
A——,
Neon
.Clayton
Coal
Aluminum
Cockshutt
.Colon
Co
Co
common
Colonial; Airlines—
i%
._1
Jan
Colorado: Fuel & Iron-warrants
—
23
14Va
Jan
Colt's
50
22%
Jan
2%
1,200
2%
Jan
110
130
Jan
34
Jan
36%
Jan
%
Jan
Jan
Columbia
3% Jan
130%
5%
%
13
6%
6%
'
•
6%
.1
13
.1
■
•
—
1%
37
1
13
.7%
7
40
■
4,600
100
■
.
12
Jan
preference
34
Jan
Jan
1%
13
Jan
Jan
V t
c
extended
Conn Gas
Jan
7%
Jan
7
Jan
Consolidated
Jan
Consol G E
1%
Jan
43 %
Jan
47
450
11%
12
400
12% .Jan
10%
Jan
15 y8
2V4
47
12
Jan
Jan
Jan
525
500
36%
Southern
4
Jan
37%
/%/
$3
to
3%
:
200
Jan
13%
Jan
Jan
12
Jan
3%
Jan
Jan
3%
'
10
6>%
6,500
5%
Jan
6 V8
7%
7-
8
Jan
9%
2%
1,700
3,200
7
2%
2%
Jan
3
451/4
45 v*
•
46
350
42
Jan
57%
3/64
32
.25
211/4
20%
1
%
250
59
preferred
4 Va %
L P Bait
Co
common
series B preferred
4%'preferred series C
Consolidated
Gas
Utilities—
1
Jan
56%
Jan
3/64
2,700
3»
Jan
3/64 Jan
21'A
350
20%
Jan
21 %
Jan
a
60
Jan
US
Va
200
A
Jan
%
Jan
10%
300
9%
Jan
10%
Jan
33i%.
25
33y2
Jan
33%
Jan
4%
Jan
4%
.66%
66%
4%
200
4
Jan
68
600
66Vz
Jan
100
1141/a 115
130
114V2
Jan
116%
100
103
106
Jan
108%
1
Jan
Jan
46%
33%
.*
_•
Jan
10%
1
—
Biscuit
Jan
Jan"
2%
warrants-
1946
Jan./<
12%
& Coke Secur common.—*
Jan
2,000
'
Jan
Compo Shoe Machinery—
-
6%
4,200
12%
Jan
r
10
—.100
——_—
37
&
%
Electric—
Commonwealth
6%
2Vs
25
Community Public Service
Community Water Service
125
14%
<fe
Jan
300
46 Va
—
■
Gas
371%
5%
;—
Jan
23
-
121/4
3%
...
Jan
18
T
11
...—*
.*
14%
Arms
12%
100
:GV*
Fire
1,950
'4
37•
u-L
Development ordinary
Patent
22%
500
Illuminating
common
100
.
21"'
4
CorpUtensil
Plow
.1
..1
200
%
«
_«
Controller Co.—
Claude
4%
4%
108 V*
4%
30
1,700
4%
Jan
68
4%
Jan
Jan
Jan
Jan
.
■
'
—10
—
6%
36%
w.
.1
7%
25,200
1,250
2,300
.1
Jan
,1%
Jan
—
17%
i
j*
/
78
Jan
"1%
130% 130%
.1
473.
9
»»
22% Jan
Jan
.1,000
i%
Y3%.
14 y2
2%
...
page
5%
—
preferred
21
"9% _9%
.1
$6
*
common
50
1,900
/TOO
33,4
23
100
common..
common.—
Jan
Jan
!%• 1%
22% 22 Va
12 %c
6%
6%
.1
...
(E W)
/.
5v
20
Birdsboro Steel Fdy & Mach Co
Blauner's common
3%
15%
10%
14%
.1
Convertible preferred
Berkey & Gay Furniture
Blckfords Inc common
Bliss
5
10
$1.50 convertible preferred
Bellanca Aircraft common
&
Jan
100
Ties...
Bell Tel of Canada—.;
Jan
Jan
9%
Consolidated Mining
Clark
Jan
39%
I—*
—
7% Jan
40% Jun
6%
150
2%
.1
Beauni,t Mills Inc. common—;
Benson
7:
2%
2%
.—5
7 Vo 1st preferred—:
78
3%
17% Jan
77% Jan
1%
Jan
16,100
7
—t—1
common
22%
13%
:—1
Steel
Jan
40%
Mfg—
convertible
20%
40 y4
1
Barlow
900
78
:/
31,900
,
preferred
l/fr
Baldwin
21%
78
500"
15%
-4
;
.
;
21%
3%
22%
Childs Co preferred..^.——.—t—100
Cities Service common—
—10
10%. Jan
';
—•
;
•
3%
Chief
22 V* Jan
B
'/'■;
3% Jan
—100
$6 preierred BB
Cities Service P & L $7
>
"i
15% Jan
Jan
19%
Chicago Rivet & Mach
■
v
1
,♦
:
•>.,i>t-
Jan
3%
15%
Chicago Flexible Shaft Co...
•-
'-..v * r;'f*
15%
100
•
Chesebrough Mfg.,
•
»i*
100
3%
98% IOO
class A—
Cherry-Burrell
*
Patoka Collieries———./.I
15 Va
9%
Alcohol—;
(A
Cessna
Jan
3%
3%
-
Jan
15%
voting
Co
Chamberlin
Jan
// 8 /
&
Corp
Central
Jan
5
18%
3% /
.
Central & South West Utilities..—_50c
Jan
7%
11%
Jan
98 Va
Central Maine Power 7%. preferred_100
Central New York Power 5%
pfd—100
Jan
71%
;3%
18 V'e
.
9%' Jan
IOO
11%
100
'
(J W) Co common
Products—
Central
4,100
r5
18%
"
Castle
Jan
1%
w—1
Voting, Machine——
.-*
Avery (B F). & Sons, common——4—5
Jan
.*
Power
preferred
Central
71%
.
12%
25
Casco
Jan
7%
Automatic
Ayrshire
$6
*/; % Jan
Jan
non
Class B
Carrier
^
.8
———1.
Products—-
Automatic
6'
7
1%
—5
common—.
8%
35
warratits—1———-—i—
Drop Forge
10
Jan
preference— —25
Carolina Power &
/; 9% Jan
Jan
100
75
8%
50
:—
Rayon Corp...—————1
Atlas Corp
"
Line
::
75
—...
Coast
/
Jan
%
;
12%
22%
City Products
Catalin
-£l
•
100
Industries Ltd—
Carnation Co
Industries-
dep rects reg
Jan
12 Va
...»
preferred.
Carter
; Associated
'• Atlantic
..
Jan
Jan
V
Jan
Jan
17o
Capital
Carman
Jan
9%
/
.
Jan
.^.2.50
Canadian Marconi
Jan
97 y8
Electric
Class B
Canadian
Jan
30
;
90
"9%;
common....—.'—
Industrial
'
.
7 108%
,1,100
8%
9%
Jan,
3%
Jan
Power—
Class A voting
v
Jan
Jan
50
88
-
Wireless—
&
Canadian
v,
Jan
Jan
107
9%
-.5y
Ashland Oil & Refining Co——1
-Associated Breweries of Canada—*
American
400
9% 10%
103% 106 y2
Art Metal 'Works common——
Associated
14
10714/ V 300
3%
/ 500
3%;
3 %.•;'• 3% ■
6,300
3%
f
class
Common
13%
107
Jan
Jan
101
3%
mil
Sullivan
Participating
Jan
Jan
8V4
1%
Jan
...5
Canada Cement Co Ltd 6Va%
pfd—100
Canadian Car & Foundry Ltd—
Jan
Jan
•4%
Jan
Jan
■T
11% Jan
15%
—5%
Tungsten Corp
Camden Fire Insurance Assn
Jan
3,100
.7,
iaf
18%
400
7
♦
—
Callite
.
■
1.
common
$3 preferred
California
Ill-Jan
Jan
3%
6%
1%
81%
Jan
Jan
•
Jan
v
Jan
14
1,000
9%
Jan
21 Va
•
American dep rets 5 % pfd—
£1
Calamba Sugar Estate...,
—1
Jan
11%
Jan
105%
1,075
414 7 4%
3%
3%
1 , y
:7
200
——2
—.—
&
(P A)
Cables
Jan
45 V2
44'/a Jan
6,300
•
Angostura-Wupperman
17,600
109%
3%
;—.—*/;■
American Thread 5% preferred
—5
American Writing.Paper common.,
Anchor Post
■
Vz
110
,
$0 .series preferred—
7Va
Jan
'T"'.
,
Amerioan
2,700
Cable Electric Products common—L.50o
/ Voting trust certificates
—50c
"
•
11%
21 >/4
•
Jan
37% Jan
Jan
200
r,275
3% Jan
Jan
18 Vb
-
Jan
•44%
&. Chemical—_—.—*
Republics—
-10
American Beal-Kap coram op—.—4—2
10
Jan
Jan
26 y2
-
Jan
1
20
Jan
16%, Jan
Jan
17
1,500
Butler
Jan
9%
3
TI
-1T
I—1
Burma Corp Am
dep rets
■Burry Biscuit Corp..
Jan
'
...
preferred—
Hill
Inc
18%
300
21 Va
35% Jan
43%
Jan
•••..
26%
350
/ 1714'
5%
,,4P/4 Jan
26 Va
American
•
1st
Burco
Jan
108'A Jan
Jan
34%
125
16%
5Va
450
43%
Jan
107
125
1,800
28%
600
6,000
-
18%
■
Buckeye Pipe Line—
Buffalo Niagara & East
7
$1.60 'preferred
Jan
Jan
19%
9%
88
—£1
(E L)
Jan
Jan
^100
reg_.
Co common;
Bruck Silk Mills Ltd...
Jan
Jan
Ltd-^-
prior preferred
Jan
15%
5,600
5%
26%
1714
Potash
American
ord
rets
Celanese
Bruce
2V4 Jan
43
t.
Jan
39
/ Jan
38
Jan
Jan
100
Maracaibo
American
..
41
Jan
1%
30
34%
.100
————.—
Jan
42 %.
900
16
.
common—
35 V2
1,200
43 %
Laundry Mach—
—20 :y
Light & Ttac common
25
preferred—.j—.—-i—25
Co
38 V*
950
5%
American
Mfg
•
107% 108%
534
Hard Rubber- Co.ju———-23
American
;
2
bearer
*
American
■
r"
15%
82.50 convertible
•,4-6%
;/'/
2%
1
• <T
common
.yy yW'-.y y:-y..y v •••'«•; /■ :/•
General Corp common.—10c
'American
.
-*:_10
Foreign Power warrants-
convertible
$2
h
10
preferred———.——100
American
"
A——
non-voting...—.—_
American
.'
class
rects ord
Brown Ruooer Co
,
Jan
12%
Brown Forman
Distillers.,
$5
Cities
American
/// Convertible class A.————.,25
1
101
—
Brown Fence & Wire common
.'
Class A preferred—
Jan
5%
7
100
British
Jan
Jan
Jan
3,900
2
%
10%
3%
Amer dep rets ord
-lOs
reg—...
British Columbia Power class A..
*
77 Ciass B
Jan
'/a
28%
270
614
19
Jan
Jan
Jan
Tobacco—
American
Am
11
%
6'/a
—
Oil Co
-
Jan
10%
6%
11%
;
British American
30V2 Jan
-
100
21V4
10%
21 Va
——
A
Jan
9%
A—,
common
24
3%
1%
1
B
preferred
Brillo
Jan
25
Class
7%
Jan
Jan
600
.100
«...
Jan
88
3,300
10%
1%
18%
19
"III
....
British
/ Aluminum Co
"1%
—•
.....
Aeronautical.
Corp
;
/
.10
common
Corp
11
3/o
1V
*8%
preferred——
/, Preierred
.100
(Mich).——*
conv
;
:
—————100
to.—--
Alles & Fisher Inc common--.—1
Allied Intl Investing $3 conv
pfd
Products
BowraariTBiltmore common—
7v; 7% 1st preferred
HIf*
10
'
Jan
24
Bridgeport Gas Light Co.—7.—
Bridgeport Oil Co—.
Ji
3%
9014
Loto
8% Jan
SO
11
Jan
Jan
2
7
Range since January 1
Low, High
-.25
2
35
\ Shares
IlOO
.7
8%
2d
Sales
for Week
of Prices
Par
.
500
2%
115
Sale Price
Co common—
Borne Scrymser Co
Bourjois Inc.
/;.•;■■ y.
—
'■•
$5
Week's
Range
Last
A
,
3,400
9%
9014
3%
Friday
28
••>2%
•
35
50
Allegheny Ludlum Steel—y:,.
7% preferred —
Jan.
2%
9
10
Southern--..,.
Ended
Bohack (H C)
Jan
•
Week
/■-,,
2414 Jan
20
2
Alabama Power Co $7 preferred$6
preferred.
i
Allied
High
/■■•/
Jan
24'4
s——__50c
Convertible preferred
Air-Way
Low
7
7% 1st preferred
...5
common—.—
'Alabama
; •
Range since January I
1
Ainsworth Mfg common
Air Associates Inc (NJ).
Aircraft Accessories Corp
Air
24 V,
B
.
Shares
tiiah
low
10
;
Supply Mfg class A
Class-
of Prices
POf
,
Co common
STOCKS
New York Curb
Exchange^
for Week
Range
Sale Price
,7''!
Acme Wire
Last
28
Sales
Week's
Friday
Curb .Exchange
Week Ended Jan.
};%
THE COMMERCIAL & FINANCIAL CHRONICLE
preferred
Steel
1%
1%
•
9>A
Co
—
IIoo
,
—
preference——
Copper Range Co
—
Cornucopia Gold Mines—
—
5 %
10
Jan
13V4
Jan
Gilbert
300
11%
Jan
13
Jan
:■
200
38%
Jah
39%
Jan
Gilchrist
5'/a
1,600
5%
Jan
5%
Jan
Gladding McBean & Co_
■■'**
.-50
Jan
23(4
24
26%
26 Ve
26%
l'A
Jan
V/2
84%
Jan
86 y2
Glen Alden
Jan
2%
Jan
Jan
23
Jan
25
C
8
Petroleum——
Creole
26%
Jan
27
Jan
Brewing
Croft
—
Crown
-
—8
Drug Co common-.
Atlantic
Cuban
Cuban
Tobacco
common
Lighting
Inc common
—
%
Jan
Jan
Jan
Great Atlantic
10%
200
10%
Jan
10%
2 y4
4,200
Jan
Gorham
Jan*
•7
Non-voting
Jan
Jan
j;j
11%
Jan
11(4
19%
20%
5,100
19%
Jan
21 Yt
5'/2
19%
8
51/2
100
x3lA
Jan
common
—
Jan
Jan
Grocery
Jan
Gulf States
$6
132%
.100
-25
>
Utilities
S5.50 pfd—;
i.—-
——.
Jan
10%
Jan
Jan
■104
Jan
'■>.15%. Jan
'/a
Jan
Jan
Jan
Janr
-"(AT Jan
'
56
5%
Jan
30%
Jan
!:
100
4%
Jan
Jan
84
:
Jan
132
Jan
,-150
.";7'(4"/-'7i(4',.
;..
175
,.>.500
3%
•
v
59
200
v
3%
Jan
Jan
.'7%
Jan
•■:
Jan
111'/a
Jan
33
Jam
109 A
Jan
.
851/2'., Jan"
134 V*
Jan
_•
Jan
•
■•': /5%
10 (4
29(4 Jan
'7
Jan
32
:
Jan
V7 A
jw225b
Jan
••
Jan
10%
,.104
"
85(4
V, 3%
40
Jan
5% Jan
10
150
7,500
; 32 y8 (33.
Jan
Jan
II* i
.
Gypsum Lime & Alabastine—
2.50
104
200
,
132% 1341/4
r
33. A
.7'A
25C
Stores.
preferred
9%
10
8% ao
stock—..
...
37'A
600
,5
59
59
VI 30(4'.3l'A
5%./r 5(4';
9(4
4
Jan
-111%.
Jan
Ill'A
Jan
6%
Jan
.
«—'f V,
«
^urtis Mfg Co (Mo).
10
104
-
,-841/4
Greenfield Tap
Jan
6
Jan
Jan
11
Jan
9
14'A
200
104
Pacific Tea—
preferred—L———
1st
1%
&
Great Northern
%
..39(4
38
•
r
4%
(4
100%
Jan
A
4,100
.''">%• "5%
3%
2
•
III*:.
Jan
Jan
/•
• ■
A-4
preferred—
;
Jan
2
Jan
10%
8,700
Jan
*
Jan
Jan
112%
400-
!;s:;i'4%- 151/3
9"
%
2%
Jan
Jan
44%
.
Jan
104..:
;•
3%
„10
.—
-$3
v
'
v
Sugar-.-
Curtis
2
2%
.250
Jan
h
500
Goldfield
-28
convertible preferred
Crystal Oil Refining common—:
$6 preferred
"%
.-.41%
125
xlO'4.10y2
■
'
■
3%
v
9
'•(/
:
38
clasp A.
B
,
200
3%
10%
Cork International A
Crown
Class
500
H
4%
3%
-
——-
■V* '.
14%
2,600
%
4%
1
Co
Crowley Milner & Co—
Crown Cent Petrol
(Md)
'
—*
Mfg common---—, .10 r
Grand Rapids Varnishj—
..—„ —IT
5 I;
Gray Mfg Co^
—L
——.
2%
Liquidating Co
W
3,900
17
Jan
"
xlo',4
—
preferred———————
.ll'
Consolidated Mines—T
Goodman Mfg Co—— -50
Jan
—
Jan
100%
$7
Gorham Inc class
receipts (ord reg) -£1
Jan
Jan
10%. 11
10%
Coal——;——
Godchaux Sugars
<■■■
Courtaulds Ltd—•
American dep
1%
T '/a
'
Jan
2%
375
v
j—
Jan
75%
112
—• /
•:
_L—
—
Co_
Jan
74(4
2,200
77.-,
:•..!?5%
44^^44%
Jan
12
Jan
12
%
■
60
24
—.
...
500
2(4
2(4
21/4
:——1
Jan
500
l'A
86
85
85%
100
12
1V4
l'A
•
%
909
%
Preferred
' 84
8%
—•
common.——
Jan
,640
:'.1%
—
(A C)
High
Jan
74
•
Jan
9
1,800
79%
77
preferred—*—•.
12 y4
\%
—
preferred
Jan
i.-,
r,.
Low
1
Jan
Jan
.V
t.v
Range since January 1
'
preferred
38%
12
■
106 y4
-V:
Shares
High
Low
100
•
•
It.
Water Gas & Electric common.
Gen
5%
-50
common
Petroleum
convertible
convertible
$6
Jan
11%
;r5%
Cor; von
Cosden
3%
for Week
Georgia Power $6 preferred———.—•
$5
preferred——
•
100%
260
10
————
& Reynolds
preferred A_
Jan
Jan
10
pfd—
Service $6 preferred
Rayon Co A :stock
General Shareholdings Corp com_
38%
12
—•
—I*
—
i
1%
Jan
Jan
3% Jan
Public
12 "/a
9%
10
1
$3 prior
$8
1%
9%
•
Cooper-Bessemer common————
Coro Inc d——
300
3%
106(4
105
.100
Varnish Co
Cook Paint &
General
35
$3
Continental Gas & Electric Co—
7%
prior preferred
Continental Roll & Steel—
General
Jan
2,200
10
3'A
3%
General Outdoor Adv 6 %
Jan
114'/a
Jan
1,600
1%
9'A
Corp————-
Jan
7
Jan
Sales
Range
of Prices
Sale Price
38
Par
Jan
32
Week'*
Friday
.*4 Last
Exchange
Jan.
6(4
-10
Royalty Oil
Consolidated
Curb
Ended
114'/a
150:
35
34
-100
Consolidated
Week
1
High
Low
Stores——— —1
Consolidated Retail
Textile
New York
Range since January
Shares
High
Low
Consolidated Mining & Smelt Ltd- —8
Consol
for Week
of Prices
Sale Price
Par
8 %
Sale*
Range
Last
•>
Curb Exchange
Week Ended Jan. 28
STOCKS
Week's
Friday
STOCKS
New York
Monday, January 31, 1944
C'v;
H
'
•'••••
Darby Petroleum common
Davenport Hosiery Mills——
Dayton Rubber Mfg
*
III
A convertible
Class
—
Dejay Stores
Dennison Mfg class A common
-38
6%
————-
common
Shoe
Co
Uobeckmun
750
15%
Jan
16%
Jan
100
33%
Jan
67/8
Jan
7
Jan
700
3%
Jan
4%
Jan
*
„
>y
331/2
V:'
„
4
—
7,900
73
.20
—
>19%
/'■:
%
••
4.
;
.
common
—
—
I2-
III
—1
%
200
%
10,000
3%
Jan
20(4
>y 22
Jan
21
Jan
Jan
23
;
:;y
—
^
Corp——,——
—
—,—.—
6
6
Duval
Texas
rl3
Jan
/.A-, 6
11 (4
100
y
6
200
: V".:
Jan
12
5%
Jan
67%
Jan
71
Jan
29
Jan
29y2
jan
75
110
Jan
Jan
77
Jan
61/2
Jan
4 %.
111
4%
4%
1,200
3%
Jan
3y4
3(4
2,300
2(4
Jan
31/2
9%
200
9%
Jan
9%
C)
Co common
Hardart
&
Horn
5%
—
Jan
Oil
Fibre
Hussmann
■/'
'1st
Gas & Fuel Assoc
1%
common
61
prior preferred——
34%
$6
preferred series A
preferred series B
33
34%
Bond & Share
Electric
1,275
32%
Jan
34%
24%
Jan
251/4
Jan
33ya
34y4
225
33%
Jan
371/2
Jan
33%
34%
700
33(4
Jan
37(4
Jan
Jan
1
8%
89
~7% "8%
85
89%
135%
,
Jan
42
Jan
6
5%
7%
Jan
8%
83%
Jan
89%
88(4
Jan
92
Jan
2,050
47
Jan
52
Jan
1
9
9
116
116
1%
Jan
300
200
9
Jan
50
30
Jan
31%
Jan
8'/4
Jan
9%
Jan
1031/4
Jan
Jan
31%
9%
8,700
40
116
7/8
Jan
116
5(4
1%
1%
8,800
l'A
Jan
1%
575
31%
Jan
33%
800
4%
Jan
5%
Jan
900
19
18'/a
Jan
20%
!—
71/2
2
1
Metallurgical—
2
131/4
•
71/2
200
7%
Jan
Jan
5,300
1%
Jan
2'A
12%
Jan
13 '/4
Jan
15(4
16 y8
1,100
14%
Jan
6%
5%
6%
1,300
5%
Jan
II;I
60.1
16(4
Jan
6% Jan
1
Ford
Motor
4(4 '
20
4%
41/a
20
20%
20'4
20y4
900
;/ 60Q,
100
2y8
,1,000
3%
200
17
17
17
50
—1
12
11%
12
550
59.
60 »/2
125
dep
$3
4%
—
stock—;
convertible preferred
conv
Petroleum
60
Jan
62(4
Jan
4'A
Jan
4%
Jan
20
Jan
20%
Jan
19%
Jan
20'A
•
2
Jan
"
;
3(4
ti Elec
1%
1,100
l§
Products
For
$azor B-—
B
Class
.
V $1.75
—
$6
footnotes
see
page
Jan
15
Jan
Jan
Jan
21
9%
10%
700
15%
yy
-
9%
22
Jan
26%
Jan
Jan
10%
Jan
Jan
14%
Jan
15%
33
Jan
36
150
■'
3%
; 26%
25%
275
19%
39%
39%
4%
.
A
2,800
111
Jan
»•:
6%
Jan
Jan
Jan
39%
Jan
4%
y
Jan
4
Jan
19%
38% Jan
.
700
26%
Jan
Jan
19
100
Jan
4(4
Jan
Jan
7'A
Jan
Jan
7'/a
400
2%
2%
1,000
2%
Jan
21
21%
350
20%
Jan
22
Jan
12
12
12 (4 ' 7
1,100
9%
Jan
12(4
Jan
7%
Jan
2'/a
Jan
5%
7%
35.300
4'A
Jan
45%
44%
457/s
1,300
43%
Jan
46
Jan
14
12%
14%
21,000
9%
Jan
14%
Jan
10%
Jan
11%
Jan
Jan
7
10 'A
11%
700
111/2
11%
2,300
liy2
Jan
12'A
111/2
11'4
11%
400
11'A
Jan
12'A .Jan
$3.50
Interstate
Iron
43%
Jan
51
Jan
10
46%
Jan
53
Jan
.l'A
Jan
81%.
Jan
8
Jan
73
121%
12(4
200
12%
3%
100
3%
151/2
16%
1,800
14%
116'/2 1161/2
30
8
16%
115
Jan
9%
8,500
7%
Jan
9%
Jan
3%
3,000
3
Jan
3%
Jan
7%
Jan
18'A
21
21,
"
1%
1%
Jan
21
100
1
Jan
&
Jan
26%
350
24%
Jan
26%
Jan
,45
45 /."•
45
Jan
46
.'A
•
••71/2
T
.
600
1
R
__
T181/4
.
Vb
'
r
v.- ifi'v
.
200
%
Jan
Kennedy's
Jan
%
a
Jan
-18%; Jan
.
'
Jan
,
8
' Jan
1%. Jan
Elec
Inc
preferred
—f~—-a---1
94(4;.
100:.- 100'A
Vv-'V 18 -18
3% Jan
100
/
A-
3%
5*Jah
••'•>•3. 300
;
6%: Jan.
2% Jan
/
2%' Jan-
88
Jan
''Jan
89
."-Jan
93
100
Jan
25
18
Jan
18%
121%
-
Jan
96 ■; "Jan
60
120
\
101
Jan
Jan
10
100
100
—1
Jan
8'A
Jan
Jan
16%
Jan
5% preferred D_
Kingston Products
Jan
Kirby
Petroleum
L__
-f
1
10
14r
*.;,.
•
Key Co common
■nr—1~_
Kings Co Lighting 7% pfd B—
Jan
121%
Jan
10
4QO
9%
Jan
10
15 y4
400
9%
Jan
17%
Jan
Jan
61
Jan
100*
£
6/1
61
"2%
•2%.
30
56
45% Jan
2%
.
„
;
yy 1, 600
-.75
ly.
Jan
7% Jan
.•
1 ,200
ti:•f
—
i
,173a
/
:2%y •^2%V'2(4
\
10y Jan
Jan
y<r Jan
A
Jan
V-H.'
t ;■
Engln| Co——A.. B'3y#'.^»> 3% y.3%
•)
k.
1%
■.
J
•
A 150
18%
—:
"7.^
1,800
10 •/>
h iZ~.
Jan
1%
1% Jan,
200
:4%
1 %
10
50
K
i!
3%
Jan
Jah
.26
Jan
Jan
1%
21% Jan
-
.
'A
■
Jan
12%
8(4 Jan
7,100
Jacobs
Co-L—
Jan
'A
:v
\
(F L) Co_„—;-__l
Jeannettre Glass Co——
Jan
7%
4,400
21
r
19
500
8
.l'A
•
•
Jan
Jan
7,300
18'A
7%
8%
19%
17'A
1,700
19
18'A
7%
Jan
17'A Jan
200
8%
8
177/b
■i.,-;
Kansas Gas &
117
Jan
15%
3%
18 »/2
*
10
Irving Air Chute—;
Italian Superpower A±—
—•:
Jan
Jan
Jan
84
Jan
8
8'%
-
shs__•
Royalty—<-J-^
——-1 j
Fireman Mfg voting trust ctfs—
1%
Jan
30
Jan
14%
3%
Equipment
-—I
Hosiery Mills———*.
Power $7 preferred;.—.—-—• J
Jan
Jan
Jan
79%
9
Home
Jan
1%
V
27
400
15%
••
Jan
Jan
Jan
400
30
79%
15%
12
Jan
l'A
600
27
80 y2
10% Jan
38
300
l'A
l'A
l'A
30
10
1;":
Jersey Central Pwr & Lt 5 Va% pfd_-100 ■'
6%
preferred—.
J
—-i—100(
7 %
preferred
J—. 1——A.100A.
60%
Jan
70
49
"•
Jacobs Aircraft
Jan
110
Jan
49%
49
Jan
Jan
108 (2
130
48%
;————• ,•
prior preferrera-i..
:——*•;;
Interstate
Jan
108'A 109%
108'A
100
100
_1
Jan
58
9'/a
Jan^
9
,
4
3%
473.
27
Jan
7
18
700
j0
j
Jan
15%
—•
1
preferred—-J.
KeD-Bad Tube & Lamp A_
«*
commorf——II •
preferred B
II*
Jan
14%
.,■200
25
1%
Jan
8
1%
-
Flreproofing
''
100
4%
Jan
17
-
5% preferred series «A
General
Jan
111
2%.'Jan
73
"i0o
*
9%
300
19%
Jan
38
loo
Gen Electric Co Ltd—
Amer dep rets ord
reg
General Finance Corp common
Gen Gas
coupon
shares—!——
Julian & Kokenge
5% preferred
Gellman Mfg Co common
General Alloys Co—
Jan
2 l'A
f
3(4
—.
Gatineau Power Co common.—
9'A
25
26
p
Fuller (Geo A) Co——
Jan
•i-
of France—
rets bearer———
——8
Fox (Peter) Brewing Co—
Franklin Co Distilling-;.——
Froedtert Grain & Malt common— ...1
Amer
12%
400
■/
~y.
Investors
.
Jan
21
-50
—1
——---L--.—
Warrants
Interstate
10
60
Ford Motor Co Ltd—
—fl
dep rets ord reg:-——.
Ford Motor of Canada—
Class A non-voting
Class B voting
——,
Jan
11%
" '•
A—*
International Utility class A—
Jan
200
151/4
Am
6%
12%
International Minerals knd Chemicals—
Jan
2y4
lis
Co
8
13'/4
Federal Compress & Warehouse Co -25
-10
Fire Association (Phila) —
Fansteel
Fedders Mfg
Jan
Jan
Jan
6%
25
50
series
Industries Inc
International Metal Industries
International Safety
1
...
44
26
•
Cigar
$3.50
Preferred
International
Registered
—
Jan
:;4 % Jan
10
15
14%
14%
100
of North America-
Machine
International Hydro Electric—
Jan
51/2
Co
International
Jan
33%
5'/4
18(4
-
Engine & Airplane—.
Jan
2,800
9%
>9%
£1
preferred-—
7%
International
Brewing
30
Jan
'
•
Industrial Finance vvc common
Insurance
Jan
International
Falstaff
6%
—
————
preferred
preferred
7%
'
Fairchild
Jan
3%
'
5(4% preferred_100
6%
Indiana Service
common
...1
500
--
•
—
.j—
Indianapolis P & L
Jan
8%
32%
——.—
preferred
Fairchild Aviation—
Jan
dep rets regis—.
Ireland
Jan
9
1
9
8%
9
J
£1
Imperial Oil (Can) coupon
•
Registered
.J,
:
•
Imperial Tobacco of Canada
8
Imperial Tobacco of .Great Britain &
Jan
5,700
31%
Inc common-
Jan
Jan
Industries-
Imperial Chemical
Jan
2,200
52
Esquire Inc
Pipe Line
28
400
4'A
6%
39%
Co—.—L
Zinc
Illinois
Am
73,200
preferred
conv
Dividend arrear ctfs
Jan
92
—
common-
convertible
29 ;- V-
28 '
'-',4
•
6%
5
•
1
Illinois Power Co common
Jan
5
49
Mfg—.—A
Electric
Eversharp
300
1
Empire District Electric 6% pfd
Empire Power participating stock—
Emsco Derrick & Equipment
Eureka
425
5%
90
National Watch Co—
Equity Corp
41%
52
2d pfd A—
Option warrants.
Electrographic Corp
Emerson
39%
92
Power & Light
Electric
Jan
Jan
%
5%
.
1%
2'A
5%
Jan
Jan
Jan
75
800
common—
preferred
preferred
>
900
,
Jan
tt
40(4
—
1(4
5%
Jan
Jan
33 (4
i
preferred v t c
Washing Machine B—
Economy Grocery Stores
$3
2
61
34
—
$5
Elgin
Jan
Jan
25 y4
—
Easy
$6
1%
56(4
Sugar Associates—
Eastern
$5
500
625
24 y2
States Corp
$7
1%
61
%
Iron——;
Malleable
1%
58
49%
41%
-1
*
5
Securities—
Hygrade Food Products
'
preferred—.
6%
Eastern
Eastern
_—J
preferred
Hydro-Electric
4%%
29AV
—
——
L-
Jan
'
9%
Co
Ligonier
• : Jan
2%
15%
Corp—
Jan
21
400
1%
5
Refining
&
Hummel-Ross
■{■ 5
47
20
5%
8
(Harvey) Inc.';
Humble
Huyler's common
East
Co
;
preferred
Hubbeil
Jan
Sulphur
& Cc common
Horn & Hardart Baking
47/a -Jan
3%
9%
common-.
common
1—
(Geo A)
(A
Horn
614
l'A
Ty, 5'%
•
•
—•
1
-•
*
100
common
Inc
Horder's
Hormel
»
Co
Holophane
Jan
Jan
5
100
491/2.'
'
1 (4
2.50
10
Consolidated G M——
Hollinger
Jan
-
,-5%
5
Heyden Chemical common
Hoe (R) & Co class A;
Jan
6(4
49
5% Jan
19%
50
*
Hewitt Rubber common
Jan
5%
100
"
21.-
25
.L
Henry Holt & Co participating A
Jan
6%
5
-
(21
'•
Lighjt
voting trust
Preferred
Jan
10%
800
—
class B
Hosiery
Test Corp
Jan
4%
Jan
rl3
•
Durham
Jan
>—Jtt.'.
5%
—10
Paper—|
Electric
Jan
200
—
11'A
6
Jan
4%
21
y
6
19%
I25
Chemical Ltd———
Duke Power Co—,
Duro
Jan
Jan
19
""
A com—. —1
Harris Co
"3%
20%
...
100
19%
6%
5'
5
2V
—25
Hartford Rayon
ctfs—1
Harvard Brewing Co_j
_1:
Hat Corp of America B non-vot com—1
Hazeltine Corp
,i
•
Hearn Dept Stores common
5
6% preferred
._J.
—50
Hecia Mining Co__.
;
25c
Helena Rubinstein—
——*
Class A
—*
Heller Co common
2
Jan
73%
Ltd
Co
■'
-8
_;——*,
j
Bridge
Hartford
Jan
6%
.r/i/y-'V/yV
(
Co
Hammermill
Jan
75
113
Jan
Lamp
Hamilton
Jan
Jan
5'A
—
33%
Jan
113
6%-
>
Jan
65
•
Bridge Co LtdDominion Steel & Coal B—-—
Driver
16%
■
Dominion
Draper
Jan
—-
-10
————-.
Domestic Industries class
Dominion Tar &
24
5%
-10
—
common————
Corporation
Divco
Jan
—1
Gray Iron Foundry
preferred———
7%
24
3%
6%
Mich Stove Co common- —1
-10
Detroit Steel Products——
D'amond
175
—
Detroit
De Vilbiss Co
24
__1
preferred
Detroit
Jan
'
.
.100
—
Mfg..
&
23
'
4
Derby Oil & Refining Corp com—.
A convertible preferred-.;
—
Gasket
Jan
,_50
debenture—
Detroit
■y>17
33%
—-
1
—3
preferred
$6 prior
8%
—
3,500
15%
15%
23
24
',y.•
■
Hall
20
23
—8
4%
4%
Jan
.
,45%
Jan
700
2%
Jan
3
Jan
2,100
4%
Jan
4%
Jan
Volume
159
Number 4251
THE COMMERCIAL & FINANCIAL CHRONICLE
STOCKS
"/;/
Week
Ended
Week's
Jan.
:
//
Sales
Range
Friday
New York Curb Exchange
for Week
East
Sale Price
28
STOCKS
New
Shares
of Prices
Range since January 1
York
Week
Curb
Ended
Friday
Exchange
Jan.
-V,
;■. ■
Xa';://
Kirkland Lake G M Co Ltd
Klein (D Emil) Co common-™
Par
.
Kleinert
(IB) Rubber Co_™™-™„-10
Stores
convertible
Kress
(S H)
Kreuger
Jan
%
Navarro
Jan
16
Nebraska Power 1%
Nehl Corp 1st pfd
'/• a-a X
Oil
Nelson
♦
20
101
20
200
20
If}
20
Co
1st preferred——.100
special preferred
Co
Brewing
85
(Herman)
12%; 12%
12%
—Ills
Corp.^
Nestle Le Mur Co class A...
m
Jan
Jan
12%
Jan
Jan
7%
England Power Associates
6%
$2
England Tel & Tel—
Haven Clock Co..
New Idea Inc common
Lake Shore Mines Ltd__
13%
1
.
Lakey Foundry & Machine.™™
—1
Corp of Delaware™.™™.
5
Lane Bryant 7% preferred
Wells Co common™...™™™
42.%
Jan
14'/a.
2%.
2%
4,100
12
Jan
15
Jan
N
2%
600;
.
Convertible
Oil
II xH io% II
Jan
2%
Jan
500
x
N
Jan
N Y
ll
4% Jan
Y
&
Y
Jan
21
Jan
1
(R G) Inc
N
28%
29%
300
29% Jan
5%
1st
5%
2d
—ft
10%
10%
400
11
Class A
™_.,
Locke Steel Chain.™.....™—
Jan
Jan
23
50
1%.:
15%
8%
8%
preferred class A———
100
preferred class B„
.100
Louisiana Land & Exploration- ...1
Louisiana Power & Light $6 pfd—
1%
6,300
1%;.
56
56%-
53%
54%
6%
Jan
h.'apes
Consolidated
Marconi
Mfg
6%
7
Co
Massey Harris
McCord
Mercantile Stores
Merrltt
Chapman
6%%
A
St
Metal
i
5%
5
v
%
100
...
78%
70
Noma
North Amer Light & Power common—1
$6 preferred
—*
54%
Jan
7%
Jan
27-
Jan
200
A
Jan
28
Vk
a
3%
Jan
.
7%
100
1,400
3%
%
%
10%
900
X
143
10
13
7%
1%
4L
1%
•
Mid-West
700
100
3%
200
Jan
5
5
350
6%
5
6
6%
1,900
8%
8%
400
1%
,
;;
1%
10%
10
9
1%
-10
10%
'
9'
';■> .a. 7%
Monroe Loan Society
Jan
'f-V
;
':
2V8
9
500
BVb
6 %
1st preferred
$3
preferred
$5% conv prior preferred..
Oliver United Filters B
200
2%
Jan
Jan
Jan
83/a
17
Jan
54%
97%
109%
98%, 98%'
10
.
Omar Inc.™
Overseas
18
•
30
Jan
$1.30
■
Jan*
2%
Jan
15
v
•
8
15
12%
....
common-
Jan
Jan
iff Jan
Sugar Refining
5%% preferred
National
For
Tunnel
.
-
Union
11%
Jan
Penn
3
Jan
3"%
Jan
Penn Water &
1%
Jan
1%
Jan
Pepperell
130
."
50
-4
■■:-168,% Jan
1*25
16 %
■
.29,.
Jan
Penn
Jan
87
Jan
87
Jan
20
104
Jan
106
Jan
43/a
Jan
4%
Jan
9%
Jan
9,200
24
~7%
Jan
•400
8%
23
Jan
8%
-
Jan
24
Jan
10
—30c
4
1,400
:
19%
111
115
115
116
110% 110%
3%
290
4
Jan
Jan
18%
200
112
Jan
19%
Jan
Jan
112
Jan
112%
Jan
114
Jan
50
115
Jan
116
Jan
30
:
109
20
112% 112%
21%
108
Jan
110%
21%
Jan
18%, Jan
2l%
Jan
Jan
55
Jan
Jan
113
Jan
21%
800
111% '1U%
370
■■—:
54
110 %
Jan
7%
Jan
130
,
100
50
8
600
10
Salt
Mfg
Traffic
30
173
18%
30
6
Jan
Pierce
19
Jan
Pioneer
Jan
130
Jan
Pitney-Bowes
13.%
Jan
15
Jan
Pitts
13%
Jan
8
Jan
Gold
25
•
Ltd
Postage
L
E
1293/4
Jan
300
163/4
Jan
173/4
Jan
Jan
Jan
,32
343A
Jan
Jan
Jan
•
•,
™
4,800
4%
100
4%
Jan
100
10%
11%
600
13%
200
19%
20
700
Jan
101 %
Jan
10,
Jan
113/4
Jan
19% Jan
13
Jan
19% Jan
11%
Jan
13%
Jan
20
Jan
8%
8%
Jan
12%
600
8%
11%
Jan
12%
Jan
-12%
Jan
1 %
500
1%
Jan
1 %
Jan
4%
4%
7,'600
3%
Jan
4%
Jan
250
19
Jan
9
Jan
8
Jan
Jan
Jan
50
33 %
Jan
5%
22,000
4%
Jan
5%
Jan
125
64%
Jan
65%
65
99% 101
32%
200
%
94%
930
95%
164
90
30
100
Jan
Jan
Jan
162%
Jan
1
Jan
Jan
101
95 %
164
Jan
Jan
Jan
64%
129
65
400
Jan
65%
Jan
300
•125
Jan
130%
Jan
33
100
31
Jan
33
Jan
/ " 7%
7
1,100
9%
500
7
Jan
7%
Jan
9%
Jan
33%
Jan
73/8
400
6%
Jan
7%
Jan
233/4
23%
233/4
2,400
22%
Jan
24%
Jan
16
15
17%
12 %
Jan
17%
33%
1150
50
33%
9%
32
125
A
7,300
4,800
73/4
8%
1,400
40%
40%
50
2
~7 3/4
,r
2
-
1%
Jan
Jan
Jan
Jan
2%
Jan
Jan
8%
Jan
40%
Jan
40%
Jan
7
60
59%
60%
970
55%
Jan
60%
Jan
113/4
113/4
11%
300
11
Jan
11 %
Jan
98%
98% loo3/*
1,700
95
—1
Jan
101
Jan
3%
3%
300
3%
Jan
3%
14%
.7.50
common—
of
64%
130
—25
...
14%
200
14%
Jan
14%
Jan
"2
Jan
"2%
Jan
Jan
11
Jan
-10
"2
~2%
5,500
....
5
10%
10%
10 3/4
1,100
—I.¬
5
6%
6%
6%
800
5%
Jan
6%
Jan
5%
5%
5%
25
5%
Jan
6
Jan
29
150
26%
Jan
29
Jan
1
2,000
Jari
1
Jan
Jan
43
Jan
-25C
...
28
—
—1
%
«
Producers
11%
Jan
Jan
8%
-10
....
Alexander
Metals
Jan
32%
""%
/
5%
9%
—ii
—
Meter.
common
Scale
5%
32%
—25
Premier Gold Mining——
Prentice-Hall Inc common
Pressed
17%
America
...1
6%
...1
Corp of Nevada
Prosperity Co class B—
10%
i
43.
Jan
11%
-
64%
nil
RR
Pratt & Lambert Co
Jan
24%
94
Power Corp of Canada
1%
~4%
&
pfd.
common
Mines
Powdrell
50
Jan
7
Jan
Jan,
•
'
Jan
9%
common
Jan
Jan
24
164
Co
Pittsburgh & Lake Erie
500
,•
99%
nil
—
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co.
&
15<>
/•""%
»
Jan
l3/4
24%
64%
—50
common—
Governor
Inc
20,000
32%
5%
Jan
69
8%
343/4
—™*
IlOO
Jan
Jan
Jan
Jan
32
——
Phila Electric Power 5%
128%
108
104
8%
5
*
Co™__™—-
Philadelphia Co
8%
12%
com
—
Securities
4,200
123/4
11%
A
Jan
Jan
96%
17
25
1
Jan
Jan
1063/4
400
,™.*
Co
Packing
Jan
70-
160
5%
.
8
1
...
Pharis Tire & Rubber
Jan
107
104
Jan
24%
.10
common.—.
Jan
Bess
107
101
._1
Polaris Mining Co—
Potrero Sugar common
35
53
Corp...
Power
Mfg
Phillips
Jan
■
8%
I'
Jan
■■V. 30
12%
Jan
19/
Perfect Circle Co™
Phoenix
.
33
.2.50
Jan
.6%
Jan
Jan
*
Co
Jan
11%
36%
32 3/4
5%
Co
1%
64
13%
Jan
100
100
;
9%
550
«
Jan
35
32%
Service..;
S%' Jan
1,700
13
19%
•
473.
3%
19%
112
32%
Power St Light $7 preferred.
preferred..—
$6
Providence
.
8
3%
Jan
101%
.12.50
page
7
10
500
Penn Gas & Elec class
18%
4%
11
Radio
see
19,900
36%
Jan
Jan
li%
■550
*i%
11%
!
footnotes
40O
93/8
353/4
98%
109 %
Penn
69
53
,
Mines
Jan
"125
.
Jan
Jan
v
35
12%
*
Machinery
&
Jan
%
13
pfd.™.
Pennroad Corp common
Pneumatic
29%
common.
National Tea
National
:
'
1st
Telephone
preferred A
$1.40
Jan
Light $6 pfd.'
National Transit
-30
..2,3
8%
56%
16
50c1'
•
common™
Ltd
Jan
Jan
4 3/B
87
24
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred—™—
•
•
,
:
__..™„
Car
Jan
1
Peninsular
Jan
X
1%
™__™_50
Steel
Jan
30%
28%
Jan
1
Patchogue
10
12%
7%
69
25
„__™
National
113%
common
Motors
Jan
5%
15
2%
Hess common'™——!
National Breweries common..
National
Jan
Jan
103
200
lj|
•
....
Parkersburg Rig & Reel
Plymouth Mills..
Jan
—
Rubber
'; 700
30%
104% 106
Jan
9
;
130.1:
130
•
Bellas
Refining
Jan
preferred
Jan
;i
N
National
Jan
34
8%
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs_.
Plough
National
1st
1%
.100
100
Power &
Public
8%
"1% "l%
'«;■ 5%
__*
common
preferred
National
6%
7%
in%
preferred
15%
18
;
.
1st
Jan
1,600
29%
5%%
Co
Jan
17%
170% 173
States
Murray Ohio Mfg Co
Muskegon Piston Ring
..
Muskogee Co common——
National. Mfg & Stores
2
Jan
P
Can
14
!
Mountain
National Fuel Gas
Jan
Jan
50
.i_
....
>: ■; 600
...10
5c
Mountain States Tel St Tel
15
Securities
2,500
;•
3
30
2
Jan
900
15%
Producers———™_...10i
preferred
%
%
5
...
Jan
Mountain City Copper common.
Candy Co
City Lines
1
4 %
43/8
—„_100
Oilstocks Ltd common..
Oklahoma Natural Gas common
Paramount
Jan
15%
Mtge Bank of Col Am shs.
convertible
4,200
600
87
*
common
preferred
—™__*
preferred..
100
Ohio Public Service 7% 1st
pfd..
100
Parker Pen Co..
1% ' ft '*
98%
Jan
■
26%
56%
Jan
,:,:V,10% Jan
Jan
:,a%
Jan
-
55%
16
Mountain
B
$6
Pacific Lighting $5 preferred...
Pacific Power & Light 1% pfd™
4%
•
class
Edison
Pacific
f
Mioody Investors partic pfd
$3
Jan
9,200
83/4
Power 4%%
Jan';
Jan
;
1
—
Co
Brass
Ohio
Jan
9% Jan
9
Jan
•
National
Jan
9%
%
4
6%
i%
8V4
~8%
Montgomery Ward .A—™.™
Montreal Light Heat & Power—
National
11%
Jan
28
*
9%
24%
'2
niii
common
Ohio
Pacific Gas & Elec
%
700
1%
Monogram
preferred
Jan
9'A
100
Ogden Corp common.
Jan
V'
20%
15
1%
Jan
10%
200
u
30
.25
Corp
Pacific
Jan
10
Corp
Jan
104% 1073/4
105%
pfd.100
preferred.™
Jan
20
9%
Nachman
■
6
iV
50
Northern States Power class A
3 Vb
150
14%
National
105
2,900
2%'
53/4
—5
Co..
Jan
P/b
300
•
•
//;■;'
525
1
8%
Jan
Jan
6
50
Texas Oil—.
5
■
20%
I2I50
Power
Jan
Utility Securities—*
Central
Jan
I,
IIIi
—
A
Utilities
Jan
Jan
%
a7a
5%
Jan
26%
Voehringer common....
Corp
Monarch Machine Tool—..™;
Dakota
2
North American Rayon class A.......*
Class B common
•
5%
7.000
.
«
Public Service common..
Mock Jud
Montana
9%
n
Jan
Jan
lio
...—...
36
20%
&
Pictures
Jan
3'a
Jan
24%
25%
Mfg——.
Minnesota Pwr & Light 7% pfd— ..100
Mississippi River Power 8% pfd__ -.100
Missouri
11%
5%
8
,
1,000
.
9
.
•
Supply...—™
Molybuenum
Jan
77
Jan
Jan
Jan
:; 100
6%
preferred..*
Co—,—
Mining
Jan
1%
Jan
/■
74
"50
Refineries
Jan
23/4
.
3%.
Mining Corp of Canada..!™.
Minnesota
83%
103% Jan
■
t c.l
v
common.—.
&
44%
-.111
1
,
Abrasive-
Piping
3% Jan
Jan,
A;
•
$2 non-cum dividend shares—
Co common
—™_—™
Oil
Jan
7%
Midland Steel Products—
Midwest
Jan
1,000
11%
~2%
1
Novadel-Agene
3%
.1,000
6
9 %
5
American
Jan
105
11%
Electric..
prior preferred™—.
Jan
68,
Jan
1/64 Jan
200
%
32
1
......
Jan
75
76%
280
..100
Corp B—
111
2%
1,650
*
Jan
Jan
Jan
66
'
1
Midvale
Midwest
X.j
Jan
•
/
new...
conv
145
15
...
.—2.50
$2
Jan
10% Jan
...
75
2%
%
Jan
3%
Jan
;,'11.800
1%
7%
Jan
.
250
103%
Jan
Jan
1,300
44%
7%
.
...25c
t c™™.™—1
Corp
1/64
5%
Mines
Ohio
V *
Mid-West
Jan
..
7%
,
102
..1
Corp
76
1/64
Jan
1 ./.• Jan
Middle States Petroleum class A
West
Jan
-//, 5% Jan
I % Jan
500
3%, 3%
Preferred—__—————10
Midland Oil Corp
800:
.
2%
;
.100
Michigan Sugar Co
Middle
2
...
Metropolitan Edison $6 preferred.
v
"
7%
•44
Textile
Class B
1,400
■.">
'
9%
—
Micromatic Hone
80
68
Jan
110%
76%
'
133/b
Jan
%
56,000
-
Jan
Jan
3%
...5
Jan
Jan
23%■ Jan
Jan
109%
60
2%
-
1%
6%
Jan
13
100
67'/4
2%
optional warrants
400
66%
100
preferred
preferred
13%
109% 111
.10
common
56%
44
13
1
Jan
10a%
Jan
21%
200
11%
...100
Jan
f%
5i>
30
5%
,
'a,"
•J
Scott—™....*
Michigan Steel Tube
Jan
23%
o
common.™.
Michigan Bumper Corp
Jan
8
7%
23%
pfd.100
Nipissing
,
1,750
1%
143
Corp.
.;
Participating preferred
3%
Jan
Nor Indiana Public Service 8%
...
preferred—™—
Messabi Iron Co.
Jan
Jan
Jan
Jan
26
—...
....
Jan
3%
Com¬
common—
Warrants
Jan
23/a
,*/
.
Memphis Natural Gas
59 %
Jan
104%
8%
8
81
...
Co
Jan
2%
Jan
shares
North Penn RR
—
&
55%
30O
*
& Mfg B__
Dredging
Mead Johnson
1,200
2%
102
Nineteen Hundred
•
Radiator
McWilliams
56%
Jan
10
Class A preferred
Niles-Bement-Pond _™_
5% Jan
t c—1
common..
Jan
104% 104%
Jan
—_—.._*
v
Jan
19 %
106%
11%
Jan
77r
Marine
Mass Utilities Association
9%
Jan
2%
Ltd
;
Jan
115 %
Jan
2,800
.
27%
27%
1%
Co.
International
munication
Margay Oil Corp
Marion Steam Shovel
Jan
6%
18%
Jan
1%
1
preferred...
(The B) Co
105%
100
56
Northeast Airlines: ___.i™_..—_„™1
convertible
220
500
9
Jan
16
M
$5
Jan
113/4
18%
6%
Manischewitz
50
112%
Class B optional warrants
Niagara Share class B common.
North
...
Jan
•
Niagara Hudson Power
Northern
Manat) Sugar optional warrants.
Mangel Stores
47%
50
Jan
1?% Jan
250
109% 110%'
8
Jan
50
Jan
4,300
1%
1%
6%
/
50
8%
3
113/4
-1%
100,
15%
Corp new common- -10
«
Long Island Lighting common...™
Jan
1143/4 115%
18%
1%
5
common.
Jan
11%
',X
23 'X
23
Lone Star Gas
Corp
A
■1%
,.10
(Thos J) Inc 8% preferred- -25
Brothers common
Loblaw Groceterias Class A
Jan
18 34
8
—10
pfd
.118,600
Lit
Jan
7%
Shipbuilding Corp—
,1%
Lipton
7%
Jan
1,050
50
Jan.
5%
preferred-_100
Light 7%
N Y State Electric & Gas
$5.10
N Y Water Service
6%
.
Jan
6%
500
18%
—.10
preferred
Y
1
iXilll
——_
Rosario..
Merchandise
%
;
Line Material Co—;
Corp
Honduras
Power &
$6
21
preferred-™..™™™.™*
Development—.™™
25
Le Tourneau
Lynch
3
Jan
Founders
Lefcourt Realty common
Leonard
Lionel
Jan
2%
1,900
,
2%
Jan
6%
1.500
,
common.—.™—*
N Y City Omnibus warrants
■
.
7%
Jan
114
•
Jan
Langendorf United Bakeries class A—•
Class
Jan
105% 106%
1
37
—/''aX 2'/a
.1
4%
7%
49%
...25
Land
New Process Co common
N Y Auction Co
100
Lane
7
•
1,160
13%
•/•>%
Lamson
50
•
42 %
40
-
2,800
27%
Jan
3
—100
—
New Jersey Zinc
;
New Mexico & Arizona
-
•
High
Jan
112%
Jan
New
42
26
30
~6%
7%
"100
preferred
preferred.
New
Lackawanna RR (N J)™—™..™.;..1O0
Low
200
...•
85
8
~5%
Neptune Meter class A
lpA
200
Range since January 1
Hiah
•
...
Jan
Jan
-1
Shares
26%
27%
112% 114
lioo
preferred
Jan
103%
7j%
„10
....
Jan
100(% Jan
Low
«
New
320
100 % 101%
of Prices
Par
Jan
Sales
for Week
Range
Sale Price
High
Jan
15%
™100
-
Koppers Co 6% preferred
Kresge Dept Stores—
4%
Low
i%
1
—
Inc
High
^
—.
*
Knott Corp common™
Kobacker
Low
.X
1
.
Week's
Last
28
'
%
6%
300
6%
28,600
aa
Jan
Jan
6%
Jan
%
Jan
Jan
7
8
Jan
8
Jan
8
Jan
114%
Gas
Jan
Jan
114%
Jan
10%
Jan
12%
Public Service of Colorado—
8%
1%
1st preferred
1st preferred
-
.100
.100
Puget Sound Power Si Light—
Common
'
$5 prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing
.10
•
Jan
1—5
...10
11%
12%
18,400
98
...
12
98
98 3A
275
93 %
Jan
99
Jan
12
11% ■ 12 3/B
300
11%
Jan
12%
Jan
11
Jan
11%
Jan
Jan
8%
Jan
113/4
113/4
50
8%
8%
100
8%
THE COMMERCIAL & FINANCIAL CHRONICLE
v
Exchange
Curb
Sales
Week's
Cast
Low
Par
New
Range since January 1
Shares
Low
High
York
Week
Curb
Stlnnes
Scroock
6%
Quebec
V 74
73
153%
153
153
,.100
preferred
Power Co.
152
20
10%
Jan
75
Jan
Sullivan
Jan
71%
200
(Si
154
Jan
Sun
10%
Jan
Shares
Range since January 1/
JLoio
High
Jan
%
20 Vs
—*
u
-
Druer
Jan
20%
Jan
Jan
19%
2,300
17%
Jan
19%
13%
13%
200
12%
Jan
13%
Jan
51%
1
Jan
52%
Jan
5Vs
Jan
50
preferred
conv
Jan
17%
19%
•
Co
ouperior Port Cement
High
%
50c
common——
Co
Sunray Oil 5%%
Jan
Low
par
Machinery
Rav
for Week
of Prices
Corp—————— .&
(Hugot
Stokely Foods Inc
Quaker Oats common.
Sale Price
28
"•v.
High
Sales
Range
Last
Exchange
Jan.
Ended
Week"}"
Friday
STOCKS
for Week
Range
of Prices
Sale Price
28
Jan.
Ended
Week
Friday
V
STOCKS
New York
Monday, January 31, 1944
class fi com
•
8wan Finch Oil Corp
13
R
:-:i%
Radlo-Keith-Orpheum option warrantsRailway Si Light Securities
•■■';
;•
Voting
10
common
11.500
1%
Jan
1%
Jan
%
225
12%
Jan
13%
Jan
15%
Jan
%
13
15%
15%
600
26 '/2
25 V
28
5
—1
~3%
Reliance Eiectric & Engineering
Republic
Aviation—
Dry Goods
:
Richfield Oil Corp. warrants
Richmond
Radiator
: Rio Grande Valley Gas Co v t c
Cable
Rome
Petroleum
:———
Co-
.
„" $1.20 convertible
preferredRoyal Typewriter--—
—
Roy & lite Oil Co Ltd
1
3%
Jan
Jan
13%
Jan
%
40u
1
Jan
3%
%
105%
Jan
106
11%
'18 '
'
18%
17%
17 ' ;
8
_3%
"3%
5% '/
1%
1%
8
Jan
4%
Product
Exports
4%
5%
Jan
1 %
Edison
6 %
Trunz
Corp.
6t
$2 conv pref
A
Paper
Regis
1%
Jan
1%
'
-V
/...
Jan
Jan
Jan
4%
Jan
.%
■>
108
Jan
/ .Jan
109
Jam.
115 1
Jan
,
115
4%
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•'
19 'V-
•:
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/■. 4
2,100
.
800
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-
•
;
60
100
•
v
Jan
Jan
: 20
■<
:
1% Jan
.59
:
;
%
.
.
70
*'
I
600
Jan
18%
21
Jan
3A Jan
..
V
% Jan'
4% Jam
:
Jan~;
,.
13
,
Jan
•
■■■-■v—
—••
—
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7
6%
•
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:
%
17%
6%
7%
12,000
11%
700
16
17%
1
11
/
16Va
3,400
4
17%
Jan
Jan-
Jan
10%
7%
Jan
Jan
11V4
Jan
3%
Jan
"
U
^
United Corp common
Samson
i p
Mills
Sanford
4%
4%
4%
4%
7,400
146% 148%
"9
——1
1
*
Co„
275
3,500
9
'
2%
35
35
-
148%
2%
2
Jan
■
Savoy
Oil
Co
Schiff
Co
2%
3
common
.
•
V
200
2%
2%
16%
Jan
14
16%
800
1
2
1%
2%
4,900
1%
Jan
———25
Scovill Manufacturing—:
—25
Scran ton Electric $6 preferred
•
53
52%
53%
1,225
50%
Jan
Schulte
<D A*, common
Con ve rt ible
Lace
Scranton
16
preferred
2%
Jan
United
$3
■>
'
!;■
$5
30
26
Jail
1st
:
Steel
Co
66%
67%
140
66%
Jan
72
•
common
10%
10%
700
y,a
Jan
10%
$7
Jan
$6
40%
I—1
Shoe
-
IVs
:.
7%
1
-1 Vi
•
-
Convertible stock
—
prior stock——.
71
Allotment certificates———
1
; 7%
7%.
$5.50
70
Control—
1
L
Serrick Corp class B_
*
/Jan
41
f
Co
Jan"
%
Jan
1%
Jan
1
":"
United N J RR & Canal Co
Jan
V
i ■
"
United
Jan
550
67
Jan
71
\'r
.
'
$3
participating
common.——
70
450
69
Jan
70
Jan
-
7%
%
600
iff
3%
Jan
-]iv
Amer
-
■
Jan
3%
100
7
Jan
7%
600
2.%
Jan
2%
X9J
13%
%
13%
93
9t */2
Jan
Jan
95%
Jan
Jan
115%
Shoe
16
16
'
25
14%
16
Jan
26
Jan
South
Penn
Southwest
.
■
5 %
6%
5%%
7%
common
234
111
111:
10
108
Pipe Line
—
25
Southern
Pipe
Southland
Standard
3,300
2%
2%
4%
1,400
3%
1,000
,/;.
2%
43
50
41
Standard Oil
400
30%
Jan
32Va
29%
Jan
30%
1%
Jan
1%
;
y
:
6%
--
v
72
Jan
Virginia Public Service 7%
Jan
Vogt
8%
——
Jan
Waco
40%
60
40
Jan
Jan
Waltt
300
A
Jan
4Vs
600
3%
Jan
2%
Jan
2%
Jan
Jan
-'Zr7%
Jan
2%
~7V4
100
-■
For
b>
Co
footnotes
see
36
Jan
37
Jan
'• 19 V8
6
250
18 Va
Jaii
19%
& Bond
,
West
West
Jan
Texas
,
7ff
%
57
Va
Coal
50.
1,800
57
2
Jan
Jan
Western
16 %
Jan
——II
463.
.50
8 %
_1
..1
18
Jan
111% Jan
6V4
Jan
8,200
Jan
6%
Jan
-
;
^
:
Jan
Jan
1%
%
Jan
1%
4mm' *
19%
%
1 %'
.
5%
14
.
18%
■
_u-
•
2%
-
2%
57%
57
-
•
—-
'
mm.
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2%
"7%
Jan
1% Jan
72%
Jan
19%
Jan
Jan
1,800
75
75%
\
..
mm
300
19%
>
5,400
3
18% Jan
Jan
19% Jan
Jan
21V?
Jan
-
6,000
2%
Jan
3%
Jan
1,075
v"'
4%
18
20%
19%
mm
51%
Jan
59%
Jan
4
Jan
47/a
Jan
100
1%
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lVa
Jan
1%
Jan
325
74%
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75%
Jan
1%
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9%.
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1% Jan
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27
9
Jan
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105
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Jan
9%
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Jan-
9
Jan
9
Jan
32
Jan
3,600
Jan
Jan
'
Jah
•
3%
200
3% Jan
3%
Jan.
8%
Jan
Jan
14%
100;
^
14% Jan
15%
Jam
1% Jan
Jan
%
,.
jan ;
■.
15%
Jan
'
Jan
500
3%
Jan
109% 109%
10
109%
Jan
,5%
6%
7,600
5%
Jan,
6%
Jan
8
Air Lines Inc.
%
Jam
Western Maryland Ry 7% 1st pfd—100.
Western Tablet & Stationery com-.
*
%
Jan
Westmoreland Coak
7Va
Jan
Jan
Jan
1%
8%
500
7%
Jan.
8V2
"Jans,.
3%
;•■.
■
.
4:
,
,
Jan
4
,
109%
.
Jan
Jan
Jan
1%
Jan
58 %
,
,
Jan
8%
Jan
Westmoreland
Inc__
(R
Jan
Williams
Oil-O-Matic
Jan
14
Jan
Winnipeg Elec
&
Products
Heating—
Inc
Wisconsin
Power
43 V2
Jan
43 %
Jan
Wolverine
Portland Cement,
12
Jan
12
Jan
Woodley Petroleum.
9%
9%
500
9
Jan
9%
Jan
3%
3%
200
3%
Jan
3%
Jan-
1%
1 %
1%
2,000
1%
Jan
17 a
Jan
■
8%
8%
350
8%
Jan
8%
Jan
Woolworth
American
-
6%
(F W)
Light
Jan.
Jan
8%. .Jan
^8% Jaii1
9%
Jam,
10
Jan
8"%
Jan
•
3 '
Jan
3
Jan
8%"
8%
100
10%
Jan
Jan-
10%
Jan
5%
Jan
6
7%
pfd—100
110'/a
Jan
110%
Jan
3%
Jan
3%
Jan
7
Jan
7%
Jan
7%
Jan
7%
Jan
2%
Jan
3 Va
Jan
10
1
Ltd
deposit
23%
•
B
Jan
3%
105%
Jan
8%
,__i
common
5%
9%-
84Jan
23
•
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Si
'20
10
_i
;
-
Wichita River Oil Corp
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Weyenberg Shoe Mfg
fa Jan
105
__20
Jan
5
■
Jan
Jan,
75%
1%
__
6
Jan
13 va
300
5%
Jan
Jan
7
58%
r
4%
-
1
250
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Jan
1 Va
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•
'
...
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./
9%
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Jan
200
2%..7
2Va
-
Jan
%
78%
200
:;
2%
2%
,
400
8,300
%
mm
9%
150
-
A
%
•
Willson
—
Jan
5%
Jan
Jan;
Jan
400
--
•
4%
-
■
_1
Jan
1.500
6%
1% Jan
%
800
is
13% '
.20
44%
Western Grocer Co
Jan
...
50
8%
A
1
5 %
Jan
%
14%
Coke^
&
108%
.v.'
1%'
I—1
—
43%
8%
Uttlity $6 preferred
Jan
»
1
200,
—
Mining Co
:
Wayne Knitting Mills—-——
Wentworth Manufacturing
17%
-
rv
44
'"
class A—
16
1,100
'•
is'
74%
6%
100
1%
■
Jan.
6%
Jan
3
;7v7
%
Jan
1%
.
-i
& Jan
.
69
2%
•
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100
650
81
.
1%
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,
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6%
3%
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'
8%
l
,
preferred-—.
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50
.:
111% 111%
1.
•/
71%
79%
Co
2
17%
%
25
„
Walker
t
(
2,100
16%
14
~
page
Jan
Jan
*
-
common
%
4V8
•
v
preferred-
tj
45
1
16%
..1
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Inc
.———III
StAtcnn
Jan
Wagner Baking voting trust ctfs
17%
■
& Co common-
2d
62 %■
.
w
Aircraft
Williams
B
Sterchi Bros Stores
5%
Jan
>
1 Va
Jan
6%
17%
.
i
J
9%
Jan
10%
■—
—-i
_
Steel Co of Canada——
1st preferred
Jan
Jan
;58
•
Jan
16%'
_•
:
pfd—100
Manufacturing
Jan
19
—•
"
%
81
-
1
Jan
6%
.
'
3/V
9%
5
6
'
—a
-
preferred
Petroleum
130
,
—
'
"
—1
common—
convertiole
Jan
'
-100
pfd
Co
$4
8%
2%
-
-
9%
1%;
1
10c
—
stock
2,200
"-2.78
common.
common
priority
4,400
1
%;
•
6
:..—•w
Jan
">ff
10
6%
iff
{ui.
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6%
%
1
6V4
4
19
6%
1
67
7.
'I'
5%
mi*
Co
10%
40
'
(The> Corp voting trust ctfs. -1
(A>
r,t
Jan
mm
43%
———8
common
6 %
—
1
—
9%
-
—10
Standard Silver Lead
Stein
Jan
Va
mm" '•
130
—''
r
\
—
Equities
Venezuelan
'
'■
70%
6%
.
IIII*
Valspar Corp
Jan
—
.
a*
-
.%
'
j***'
2
B__
$5.50
Jan
200
■
Starrett
Jan
Va
ri
Jan;
300
%.
T
preferred—_. —20
class
Jan
Jan
%
Jan
1%
*
Standard Power. & Light
Common class B_
Standard Tube
2V2
121%
Jan
Jan
43%
31%
—•
(Ky)
Standard, Products
30
V V
Jan
30%
1
■
preferred—;
Preferred
•'
30%
'■
...
(Ohio)—5%
jan
Jan
Utility
Jan
3 %
44%
Jan
Jan
30
—
41
4%
Jan
Jan
4%
500
44%
>
10
Utah-Idaho Sugar
Illld
*
Utah Power & Light $7 preferredUtah Radio Products
IIIIl
Jan
.
/
.v,
•'
50b
Voting trust ctfs
Jan
2%
/ x71
.
1
Paper
Universal Produces
Jan
Jan
Wall
Pictures
•'
i'
Jan
5%
'
Oil
Jan
Jan
2%
118-
2,000
mm
Universal Cooler class A
7%
common-
Dredging Corp
Jan
J/4
1,400
mm
—1•
common
Universal
Jan
30%
:
;;
$1.60 convertible
Standard
United
■
—
'
Brewing Co
Convertible
Jan-
JOO
6%
•
Reclaiming-
Insurance
3%
—
•
Cap & Seal
Vs
100
37
:
•
common-
Rubber
Class
Jan
4%
30%
1
—
.
Standard
88 %
Jan
32
1,100
is
A*"'/
•
•
5
preferred with warrants
Universal
2%
41
3
-
3%
111
Jan
1st
6
V',
V'f
1
common-
Jan
3%Jan
10
Line.:
Spanish & General Corp—
Amer dep rets crd bearer—
Amer dep rets ord regis—
Spencer Shoe Corp
Stahl-Meyer Inc—'Standard
275
Jan
Graphite
Jan
2%
Jan
Jan
600
43%
~'V.:/'
•V
10
;
& Bros™.
2%
700
3'/4
class A—25
Co__
100
3%
4%
25
25
25
Royalty Co—.
Spalding (AG)
»■
1st preferred
Jan
•
'■& V.
/
1
Universal Consolidated Oil
4%
44%
preferred
100
New England Telephone—100
Phosphate
80%
*
<
'
60
10
class B
United Stores
Jan
2%
Southern
Southern
' 1
Jan
4%
2%
—10
Power
U
P'X'* /.
•t
25
U S Radiator
•'
•'
3
%
Edison—
preferred series C
Colorado
2%
3%
25
original preferred
preferred B
Southern
70
—1
1
—1
1
Oil
Pa
270
2%.
"
26
S
$5
■<
y
—
California
Southern
252
1
South Coast Corp
Jan
Jan
8,800
-
Va
59
'.'
U S and International Securities-
;
£1
100
Co
Corp
U
I
y
25C
Machinery common-
U S Foil Co
Jan
114%
-
common
Manufacturing common
Soss
Jan
12%
900
•
1
100
Manufacturing Co
Sonotone
x ■59%
Jan
1% Jan
1%
8,200
•
2%
/.%
,
•
—100
—
Sharing
United Specialties common
\■
Jan
•
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis—.'
Sioux City Gas & Elec 7% pfd
Aircraft
Va
120% 121 %
=A v. -
'
16%
61
7/77--
Va
2
'•
■;/, ft
.—• 7.4
preferred
preferred
United
H ''
Jan
2%
100
Singer
Solar
Jan
"7%
13»
•
Solar
mm-
dep rets ord regis
Profit
10%
Jan
7%
11—25
preferred
Simplicity Pattern
3
120%
Jan
Jkn
Jan
Jan
8
420
88
.
8%
14%
luo
Molasses Co Ltd—
United
\
Jan
700
2%
13
common
convertible
85
37
Jan
7°%
Simmons-Boardman Publications—
$3
/
17,600
•
rr-Z
United Milk Products
1 %
Jan
8
iff
~7%
Sherwin-Williams of CanadaSilex
Jan
Jan
59
900
1
-
lVa
;..■tin -•v..':
2%
•
preferred
Jan
3,000.
7%
70
3
Mining-.—
pfd series AAA
cum
1%
//■■■
•
Jan
71
' 69%
.-iff
Shawinig'in Water & Power——
5%
lVa /■■
V 86
——-
1
-1
Seton -Leather common——
Sherwin-Williams
• -
--i-:•■'.■■
1
warrants
Preferred
Denn
8Va
15%
15%
*1'
m
.7;-.
mmmm
6%
—
.
Shattuck
8
—-
40
V
Co
Sentry Safety
—
■
.
—————-
1,250
200
1
7
Selected. Industries Inc common—
llX-
2%
6Vs
'..,'■
■
-
Stores— —10c
3,000
41
1
7%
Segal Lock & Hardware.;
Seiberling Rubber common—
Selby
Jan
-1
Securities Corp General—
Seeman Bros Inc--—,
'
-*
•'
preferred non-voting
1st
Jan;
2V8
11,700
■
Vv
United Light & Power common A.
I*II*
Common class B
.Jan
*
preferred--;
$6
Scullin
common
Cigar-Whelan
Option
2%
4.% Jan
300
v
—■
■
United Gas Corp common
i; -V
Spring Brook Water Service—
Scranton
•/•' 1,400
.
Jan
Jan
•'
.x..:
77 8
*
participating pfd
preferred
7
2 V4
6Va v;
/5%
v..
II—1
United Corp warrants
United Elastic Corp
Jan
Jan
&
cum
3%
•'
2%
5%
common
Products
Chemicals
United
Jan
27%
Aircraft
j;
Jan
55
26
800
30
29%
•
common
Jan
Jan
35
Jan
United
10
•
Union Investment
1' 7
/■■/-'■'■
—10c
—•
Canada
v..
Jan
Jan
of
Gas
)r...
Jan
9%
—
Manufacturing Co—„
Union
Jan
Jan
32
25
.
'
2%
1,700
2%
Jan
5
Jan
146
9%
9
"
:>
Corp
Unexcelled
'
/;■,.■• 3
1
Corp
Realization
Ulen
i
—5
.—100
common
preferred--
7%
Salt- Dome Oil
it"'
•
—7,''
4
10
Tung-Sol Lamp Works
80c convertible preferred
•
50
Lawrence Corp LtdClass
<<■
^•
108
.
'
—
warrants
Inc
59.%,'
"
!•
1
——
Tubize Rayon Corp new——
Jan'
108
;
■
1
Trans western Oil Co__
i
•7;
100
Tri-Continental
Udvllte
6t
i'!
300
4%
60
t
x?.
ft:
1%
59'
59
III100
preferred
preferred
Trans Lux
r>;
j
6% Jan
Jan
Jan
300
Jan
21Jan.
Jan
1
58
4%
1%
•
Shipyards Corp
£:7-7/ ■/ '7.}777■- Jv
-
6%
10
v
Jan
Jan
6%
dep rets ord regis
dep recs def reg
7%
Jan
1%
117
Jan
2,900
1%
60
20
700
6%
1%
60 V
Tonopah Mining of Nevada
Jan
Jan
900
/,
-
1%
Stocks.
Toledo
Jan
Jan
3%
100
Jan
200
13%
v
Jan
6l/s
6%
1
Allied
Todd
Jan
18
5%
100
5%
Jan
—
114%
1,200
,
20
20
1
Roofing Inc
Realty & Construction-
Amer
Jan
150
17%''
5
.
Amer
Jan
Jan
common
20
6%
116
6%
24% Jan
Jan
12Va. Jan
20%
115
2
Jan
23%
Tobacco Security Trust Co Ltd—
Jan
6%
4,000
Tobacco
Jan
2%
Jan
■17%
100
Jan
Jan
700
18
10%
100
200
13%
&
Jan
5%
11
~5%'
Co
24%
12%
'
IIIoo
pfd
Light 7%
Tishman
Jan
2%
11 1
Tilo
Jan
Jan
13
Oil & Land Co—
Shovtl
24
24
Tobacco
Jan
Jan
Power Si
Thew
Jan
2%
-30
106
~5%
1
*
—1
Aeronautical Co-:
Consolidated Petroleum
Ryerson & Haynes common
Ryan
12%
Jan
7CO
2%
106
2%
Russeks Fifth Ave.:
Jan
11
%
--
Ryan
Jan
3%
1,300
Texas
Jan
23%
5,600
2%
100
*
3
5
—-1
20
*
Corp common
Roosevelt Field Inc
2%
Jan
11%
25
3%
13%
1
1
Pendleton Inc
&
Roeser
12%
3%
12%
13
6% pfd D
Rochester Gas & Elec
Jan
1%
200'
•
common
Texon
Jan
28
Jan
5
1
Taggart Corp common
Tampa Electric Co common
Jan
22
10,400
13%
*
Stix
Rice
12%
14,300
22 %
22
22%
J3 Jan
17
Technicolor Inc
2%
1%
2Va
——*
Co
Roller Bit
Reed
Jan
900
15 %'
1
10
Raymond Concrete Pile common
•
$3 convertible preferred
•
Raytheon Manufacturing common—50c
Red Bank Oil Co
—-—1
Packing Co. common
Rath
if
1%
13 %
Utility Investment A
Railwav &
Root
1%
13 %
13
10%
10%
25
3%
3%
100
7
7%
500
Jan
-
receipts
Preferred
Wright Hargreaves Ltd
As
,__£i
•
2% *
2\'i
1,000
Volume 159
THE COMMERCIAL & FINANCIAL
Number 4251
NEW YORK CURB
BONDS
New
York
Curb
Week Ended
Last
Interest
Exchange
Period
Jan, 28
Sale Price Bid & Asked
Low
Range since
Sold
Low
No.
High
New
January 1
2%s
1
s
; -3Vis
at debs
f deos—,
3%s
Amer
Writing
'"Appalachian
—2016
6s
1970
Associated
Elec
fAssociated
AConv
deb
AConv
deb
4^8—„—;
:v'
AConv
deb
M-S
1948
•
5Vas_—
5s
>
*
C
—
111
214
23 Vi
163
23%
23%
24%
:
M-S
87 Vi
•
107
87
107
J-lJ
25 Vi
25
88
Public
&
n<-
—1962,
5s
M-S
3%8—
1964
*.
2
120 7
>1
J,v;
4Vis
105%
13
103 Va
101%
100%
105%
■
5lis.—1953
38%
42
100
J-J
372
37
1st mtge 3Vas_4
100
104%
13
40
1
103 Va
40
107
11
105 %
107
106 Va
106%
106%
106%
perpetual
107 y4
107 >%
117
106% 106%
106.
108%
100%
101
$101
■\'w'
$111
101%
111
111
5
.
110
111
111%
111%
111 Va
93 %
92%
"I
107%
106% 107%
35'
106%
1081/4
105
105
7
104 %
105 Vi
137%
142
92%
>_
J-D
J-D
certificates
40
115
•»
.
M-N
105
/ $ 142 V 8
,
Queens Borough Gas Si Electric—
5 Vis series A—
—1952
A-0
99%
Safe Harbor
IOOV4
103%
107V4 107
M-N
1949
-
108
102 Vi
92%
Service of New Jersey—
6%
42
.
100%
M-S
1964
4s
109Vi
104%
4
115% 116
7
■
J-J
'
108%
4
$106% 108
ill
107%
115 Vi
—1956
-
108%
lj06
19
$107% 107%
.
1962
E
108%
40
V
F_,
89%
104
105%
103% 104%
=
J-D
421%
37
,>>; 7>'.
42%
39'
M-N
F-A
.——1950
104
106
/
»
J-J
Corp
Public
'
40
40 Va
Co—
extended-
Sinking fund deb
,>275 /:
J-J
M-S
>
■"''.V-'-v
j-j
1972
6s
86%
4
104% 104%
M-N
-
20
104
102Vi 103
1
.
F-A
•t
.
108% 109%
*
-
A-O
106 Va
7
109%
A-O
M-S
102%
99%
$105% 106%
series
High
105%
'
F-A
1961
104Vt
13
.20
•.,/.
'
1948
(Can) 4%s B
—1959
Public Service Co of Colorado—
Power
.
105%
100% 100%
103 Va 104%
& Coke
Potomac,Edison 5s
120%
''
'•
4
Aug 1955
5Vas
"
}
:. _.v:'
121%
115'%
114%
101% 102%
.
100%
J-D
—-—1954
—
.
Lt
&
■/■•
120
105% 105%.
203%
M-N
—1953
Power
120
$120
w~
J-D
——1970
Gas
Pow
.
-—1968
—
M- N
Q-F
A-0
15
Low
104%
4
$108
108%
$105% 106%
„
A5s stamped
"1
••'.%>
F-A
& Power 3%s_1964
Philadelphia Rapid Transit
114% 115
January 1
No.
87%
104
—
A-O
/
>1962'
Power
Range since
Sold
High
86 Vi
»
1970
Elec
Bonds
--
87%
A-O
1971
4s
Pennsylvania Water
$102
114%
__1968
—
Service
% 3%s
Philadelphia
107
,
3%s>_
mtge
"/
25%
85%
107
11
107
25%
23%
19
87%
24%
Friday's
105% 105%
$115%
M-N
Power & Light 5s
1955
Park Lexington 1st
mtge 3s_—1964
Penn Central Lt Si Pwr 4%s_
1977 *
1st 5s
>1979
25%
115
J-J
1945
Pacific
25%
25%
25 Vi
J-D
ACentr(tl States Electric 5s———1948
A5%S
i
25%
24%
24%
-
J-J
>1948
Utility 5Vis
J-J
1954
Oklahoma Nat Gas 3%s B
Oklahoma Power & Water 5s
24%
24%
25
•
M-S
..1998
2%s
El
Cent States
24
24 Vi
3
-24%
F-A
.——I960
—
6%s
Norinern
Central
24 Vi
A-0
—1957
6s >
Steel
Inc
Edison
> rcanaaa
24 Vi
24%
-/V>"■''>>>.
B——i
Birmingham Electric 4%s
Boston
Ohio
84 Vi
F-A
1955
of Canada—
series
series
Bethlehem
Bickford's
79%
2004
3s—
mtge
Portland Gas
Bell Telephone
.;
170
-
,
1st
v
J-J
1977
—
Assoc T & T deb 5Vas A—
M 5s
106
1st
127
104%
Continental
Ohio Power
108%
126
: 28
or
Sale Price Bid & Asked
'
Ogden Gas 1st 5s
99%
:
City Eiec 3%s.
;
1964
Avery & Sons <B. P.)—/>>>>'■;;>■
5s without
warrants!
—1—194?
1st
North
107ya
V/r.M
84%
81
,
104Va
j
—1968
a-
>
1 Atlantio
-
81%
107
109 Vi
99
$125% 130
J-J
5a_i—/_>i-1950'
ADebenture 5s
106
103'/a
5
',* 104% 105%
A-0
4V2S—i———-1949
AConv deb
-
QQ
Week's Range
Last
Period
Westchester Ltg 4s
Debenture
5s
Elec Co—
&
Interest
28
Lotn
104%
108%
73
'108% 108%
J-J
4V2S———————1953
Gas
QQ
J-£>
•
Arkansas Pr
10
v
103 Vi 104
J-J
1961
3%'s.—
Pow
i
$108'/a 100
103%
M-S
Appalachian Pow deb 6s——
2024
& Lt 5il———1956
•
Friday
Exchange
Jan.
High
103%
106% 106%
J-J
J-J
6s
Paper
$104% 105
J-J
-I960
deb
Elec
-
——1970
s
Curb
Ended
N Y &
u-—->*1950
Amer Pow & Lt
'
York
Week
American Gas & Electric Co.—
•
;
BONDS
Bonds
Friday's
or
473
EXCHANGE
Week's Range
Friday
Yr.vV..;,i
CHRONICLE
J-D
110%
.148
99%
99%
12
98%
100%
110%
H
23
109%
110%
127
128
'
§AChicago Rys 5s ctfs
:
Cincinnati
St
6s series
J-D
——1952
B
>79>>
M~3
.1927
Ry 5%s A—
1955
1V.
A-O
1966
>.
-'A.V.
:
102% 102%
M-S
•v/70v>
73%
101%
1
;
•'"'
$104Vs 106 Va
'
'
400
-
102%
San
v*':
Water
4V2S
—1979
Joaquin Lt & Pwr 6s B
1952
.
Service
5s
Jan
99%
'
'
Conv
deb \.5s>H-——i--1950v.:
Debenture
5s
1958
v
■■
Debenture
Cities Service
& L
P
5 V2S.
■
1952
5 %s.:.~
A-0
M-N
————1949",
Connecticut Lt
&
Pr
Lt
&
7s
A—
3
•
M-S
99%
>1,1 24
100%
ICO
J-J
100%
Southern
California
Edison
Southern
California
Gas
97%
162
100%
99%
98%
100V4100%
M-N
•
100
12
100 Vi 100%
100%
7
101
98 V4
;
;
24
100%
101
$118
120
El
3V4S series
Pr
(Bait)—
J-D
110
110
110
110%
J-D
106% 106%
10
106%
N_—1—_—1971"
ref
mtge 3s ser P—i——1969
mtge 2%s ser Q_i—1976
1st
■■ v
-
Consolidated
Gen mtge
■
Gas
.102% 102%
1
-102%
A-O
Textile 5s stmpd—1953
Cuban Tobacco
$122.
99
M-N
•
4
F-A
5s—i—i—-1958
5S—————.—1944
J-D
"
M-S
F-A
t
f
••■;?
102%
Water JLt
Elmira
-—1956
St RR 5s—
i
■'
i
r
General Rayon
r
'
=
AGobel (Adolf)
4VaS series A
".i
-
-1941
6
94y»
98
127
1
95
102%
*
Green MoantainPow
1031
;
$—
.3%r——
100
101 y4
„
98%
100
.
123%
102%
,
2
>104
106 Vi
'
'7-4s
.
29
;
97%
1
tb
58
i''103Vi
;
98%
;
104
;
,'2
99%
101%: 102
67
98%
1
100
i
99%
•:
101
2
101%
37
101
..109%
.
103% 104%
8
99 Va
99%
64%
64%
103%
9
J-J
1
104 Vi
99%/
-99%
65 V
3
& PwI 3 Va 5——1966
Houston Lt
r
v
J-D
;
$109% 111
.
v
aygrade Food Bs ser A————Jan 1949
/
A-O
—.«4—Jan 1949
A-0
•
6s series
;iio
..May 1948
104
102
103
102
102
1
>1950
;/.•
*
J
4s
I
;
F-A
88%
54
86%
68
87%
89 t.
'88%
87'"
88%
87
*37
••68
88%
87%
88Va
34Vi
36
-$23
.
27
-
89
89
'86%. .88%
86 Vi / 88%
'20
•;
■
•86V»
37
:
;
•
88%
7 89
86%
61
88%
'-
104%
83 V$
"
86%
J-J
M-N
30 Vi
88%
36
;
'22 Vi'
107" 107%
$116% 117%
-
"
106%-
V 23
v
J
"
97 '
.
-
J-D
107
108
102%
104
Jhm*
14 '
-108%
./i
97%
106 Va
5
-
102%103% •' '.' •
$107% 108 %- —
97Vi
23%
.104%
34
108%
96%
97%
110%
110%
107%
108%
tllOVi 111
-
v-;, •
/ 7 A-O
-
107% 107%
> 2
>103% 104%
39
107%'
7 A-O
'
104
V :
1952
Light Co- -*
/
series A-—i
"
'
-23-
105
'-./7'
LX: «•'
-
J-D
1999
6s
:-!■
F-A
'i J-J
;
-••$22Vi
*
107Vi
J-J
:i
1949
A
-106
■
7
,5%s>
;
J-J
1853
!
& Power Co—»
&
.-'7-»'/
87
76%
107%
103%
1
18
...
89
A-0
.United Lt & Rys (Delaware) 5.%s_1952
//United Light & Railways (Maine)—
;
Debenture
■
84
87
A-O
—1968
series
83%
72%
—
;
cons
103% 103%
7
105%.
108%
107
""
t/ >
r,
Edison. 3Vis—
N
42
108%
88%
-88%
F-A
1
/-1957
City Rapid Transit 5 %s
1st lien &
7.
102
$101
——1957
6s
£
-„i.—l94fl
deposit-^
industries—
Electrfc
107 ;
91%
-
76%
88%.
F-A'-
J-D
>
—-1979
Light
104
5
"88V3'
.
A-C
1«51
2
Utah Power
.110
$102
4
-
A-0
^„Dec 1 1966
5sJ
United
6s
:
May 1948
;
Power
United
64%
•.
•83%
—
Twin
,103
103%
stamped——.—^—^.1946
Water
105%
$105
M-S
Service 5s——1960
Texas Powei & Light 5s
>1956
6s series A—'.—
2022
Toledo
...108% .108%
J-D
2nd
104%
105%
108
29
.7
Texas Electric
-Tide
103
F-A
stamped
(Hugo)
7-4s
104%
75%
/M-N
7.
-
Certificates of
Stinnes
104%
...
3d
2
8
104%
$103% 105
76 Vi
.2022
Light
AStarrett Corp inc 5s
jStinnes (Hugo) Corp—
123%
105%
104
—1989
Standard Power &
106
104%
,.100
$108
J-D
1963
8s
stamped
6s
105%
104%
107
F-A
-
1970
Electric—
&
6s._
gold debentures-
6s
;
63
101% 102
:99%;
F-:A
Grocery Store Products-i.ii;ii--jUli-1945
Guantahamo & - West 6s_—a—i——1958 r
6s
Deben ture
:
Great Nor Power 5s' stpd—t-—-^-1950 5
.t
v
Gas
(stamped)——
Conv
7
103
"
/
6s
$
96
93Va
:
39
.104%
.
98%
103% 103%
M-S
L
100%
103% 104%
148
7/97 %
J-J
&
Standard
104%
1
104% 104%
104%
J-J
-1951
Spalding (A G) deb 5s
104 V
7
90
(Calif)
—1971
122%
1
58
A-0
P
14
105% 105%
A-0
Rys 4s
99
90%
104% 104%
J-D
-•
3%s—_ 1970
104%
M-N
Southwestern Gas & Elec 3%s.
T
M-S
F"~* •*.
Grand Trunk West 4s——i.———1950
.
104
J-D
Co. 6s. ser ;A^-—--I948j
Glea. Alden .Coal, 4iU—--IJ965-
'-•.r,
'
2
.102%.103Va
104J
J-J
•(Georgia' Power Af, Light 5s_iT-——-19-78'' 1
f.
Indiana
Gas
99
■••.,
173
92%
102% 102%;
..123% 123 V4
M-S
A—-1969
General Pub Serv 5fCi—-J-t--—i-1953
J-J
91%
105% 105%
105% 105%
A-0
3s—1965
74
91%
A-0
5s_—1957
•;,i Debenture
J-D
Power *3%a
GatlneaU
103
,
,
s
3
104(4
93%
M-S
IfrN
;-r- Florida Power CoAsserC—------1966
•/ ft*
*•/.'
*
'•*( $••■»•
,
104
M-S
Empire/District' El;'5sl_A;_i.———1952 7
v;) Finland: Residential; Mtge- BanJk^ -^ - m1;
i
\ 6s-5s. stamped
-—1961 :
i
92%
93%
Federal/ Water Service/
';
100%
104%
M-S
/Electric Power & Light 5a_I—„_j2030
><
,.100
122
100%
92%
Eastern Gas & Fuel 4S 'Ser A--——1956
;
,123%
99
100 %
JCudahy- Packing V 3%s—i——-1965
.
Southern
Southwestern
4VaS-—_I———1954
AConsolidated
102%
1
(Bait City)—
> Continental Gas & ill
>'■
J-J
V
Power
$70
A-0
106%
'
1st ref
.1
Carolina
Southern Counties
V 1st mtge 3s
*
Consol Gas
ri27
: d
99%
235
•
99% 100
J-D
1951
99% >
99% 100
99% >,•99%
A-O
1969
5s__———
>'
100
F-A
ASchulte Real Estate 6s
—1951
Scullin Steel lnc mtge 3s
1951
Shawinigan Water & Pwr 4 Vis
1967
1st 4 Vas series D
---1970
Sheridan Wyoming Coal 6s_——1947
South
Cities
;
110
F-A
115% 115%
103%, 104 Vi
3
115%
115%
38
liiv;
113%
-
20?i
Af-N
.1954
M-S
112%
-112
•
412%
•
Waldorf-Astoria Hotel—
-
Illinois Power-& Light
Corp— r
/
•
1st & ref 6s series A——1953
&' ref
1st
Indiana
Service
105 Va
26
.1970 v
1-
94%
F-A
—1963
——
3'As——
& L
70
104
M-N
———1950
& ref 5s.
1st lien
Indianapolis P
106% 107%
105% 105%
J-J
——1958
6s——
5s—
106%
105%
M-S
5>/as series B——1957
Hydro-Elec
Indiana
A-0
J-D
C——1956
5s series
1st & ref
A5s
.
93%
Wash
Wash
104
104 Va
West
1
104%
102% 102%
107%
105% 106%
4
102%= 102%
West
93 Vi
94%
23
93%
94%
13
107% 107%
M "N
income
2
93%
93
107 Vs
94%
Ry &
Elec 4s
Water
Power
Penn Electric
Penn
6s
V;
A6V2S
A 6
A7s
1941
1941
1955
1957,
.1957
—
89
108%
1970
1957
1
25
67
45
60
29
32
,
17
107%
~5
106%
121% 122
113
121
J
122
104% 104%
30
112
107
"3
4s
G
series
1971
1943
Valley RR—
at 4% to————1963
Extended
-
104V4
105%
>7-BONDS
:
I
New York Curb Exchange
>> Week Ended Jan. 28
101%
ACauca Valley
Danish
5%s_
109%
110
109%
110
(see
110
J-J
110
..
8
V" 1"
102 Vi 102%
2
102%
Friday
90
97
97%
97
98%
Week's Range
or Friday's
Last
Period
Sale Price
98
64 Va' 64%
14
62%
Jan
Mortgage
Bank
7s—
/•'...
^
Bonds
Bid & Asked
Range Since
January 1
Sold
High
No.
A-O
1947
J-J
$48
;
L_>
.
■
*-.»(<
Low
51%
$48
.
■'
-vi¬
of)
1948
J-D
1955
M-N
1953
—
High
51%
■
F-A
/•
16Va
5
16V8
—
62
60
60
201/2
$63
le ve
62
20%
17%
Extended
5s
& Waterways—
AExternal 6%s stamped
ALlma
3
107%
J-D
108%
105 Vi
105
106
4
105
106
J-D
106
107%
V... 104
104%
—
J-J
$60
—
City
104
M-N
109% 110
AMedellin
104
5
110%
____1952
A Issue
7s
of
J-J
6%s stamped_1958
,
>
'
M-N
1951
J-D
Oct
—1943
F-A
101
;
100% 101
7
100%
J-D
1103%
110% 111
3
110
111
116
2
116
118
19
17%
17%
36
—
36
36
36
18
18
4
18
18
33 Vi
33 Vi
33%
3
33Va
33 '/a
17
17
60
61
36
7
M-N
1927
1
A-0
$34
J-D
1931
$18
1972
J-D
A
1958
M-8
61
19 Va
"5
61
101 '
—1981
22%
.1947
May 1927
AMortgage Bank of Chile 6s
.
$21
$16%
__
M-S
1958
7s
Alssue of
104%
109%
19
(Peru)
stamped
Mortgage Bank of Bogota 7s„;
107%. 108 '
Nassau & 8uffolk Ltg 5s——
6s
series
4Vis
—>—2022
A——
M-S
—
,
117
.
Parana (State)
ARio
de
ARussian
New
Amsterdam
Gas
—.1948
5s
New Eng Gas & El Assh 5s——1947
5s
-1948
—
Conv
deb
5s
Orleans
Alncome 6s
N Y State
Public
series
75 Va
M-N
M-N
:
76% '
'
112%
112%
48
72%
76 Va
9
72 Va
75 Va
76%
188
10
72%
Elec & Gas 3%s_
98 Va
98 %
98 %
12
95%
99%
98%
99%
74
97%
99%
Nov 1949
J-D
10
101%
103%
M-N
102
.
.$110
103
.110 Va
A5%s
77%
107%
J-D
.1964
J-J
1919
$34
35
J-D
4
4
•21
33%
34
4%
4
33
35%
4
4%
3%
4%
4
1921
7
J-J
'
4
•No par value,
a Deferred delivery sale,
d Ex-Interest,
e Odd-lot sale,
n Under-the-rule sale.
sale,
x Ex-dividend.
y$8 liquidating dividend paid.
$Frlday's bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.
'
rCash
107
Service—
A
1959
6Vis
34
78
1954
—1948
6Vas_:
Government
$32 Va
77%
75%
.
76
77
107% 107%
J-D
98
76
76%
A-O
Debenture 5 Vis
New
96%
M-S
1961
England .Power 3Mi
New England power Assn 5?
Janeiro
7s
*
J-J
1950
—
New
.
65%
5s————:—1955
Power
'
:
Mortgage Bank of Denmark 5s
,
•
100%
85
Danzig Port
102%
64%
A-O
Nebraska
t
100%
90
98
'
109% 110
110
AMaranho
-Mississippi P «Se L/5s__—1,
1957
Mississippi River Pow 1st 5s—-—1951
$97
Interest
April 1946
7s
101%
107% 108 %
ref
"
'
7s
Bogota
99%
108 Va
&
109%
116; >118
'
,
Agricultural Mortgage Bank (Col)-—
100
99%
M-S
1st
109 %
75 ?
.
$100% 101 >
,.
Low
Gas Light .4'/aS———j.1967
Minnesota P & L 4Vis———
.1978
Milwaukee
$97
J-D
F-A
108
$101% 101%
M-N
Middle States Petrol 6'/is—
Midland
99%
M-N
——-1965
Edison 4s E——
Metropolitan
90
J-D
118
Foreign GoversimeEils & Municipalities
A20-year
A20-year
M-S
5
109 % 109%
>118
108%
112
107% 107%
$106
108%
F-A
F-A
1937
stpd
5s
67
26
J-D
& Mfg—
stamped
———
———1948
Mengel Co conv 4'/aS—
—1947
J-D
24Vi
32
A-0
6s
108%
907/a
44
McCord Radiator
;
Stamped
26%
108%
28
22%
88 Va
89%
$109
J-J
.1966
•
30
$104 '
J-J
Co 5s
24%
"I"
25
107 Va 108%
M-S
A-O
I960
5s_
145
28
23
;
65
66
M-B
—2022
Dist Pow 3Vfes_
Louisiana Pow & Lt 5s
25
2
28
88%
J-D
Light SVis-———1969
Lake Superior
4
25
.2030
1947
•
26%
Union—
extended to 1959
Rys
25 Vi
.•$107% 109
:'108% 108%
24%
27 V4
JrD
27
30
j-j
Kentucky Utilities 4s
24
28
j-j
& Electric 6s
25
7..
$27%
1963
6s
1
24%
25
T-j
26
27,
F-A
j-j
1957
Jersey Cent Pow & Lt 3yas_—.—_1965
Kansas Electric Power 3)/2S
..1966
Kansas Power <Sc
26
24
——-—.—1952
6s_,
Superpower
: Kansas Gas
3-D
couppn)——-1952
5s_
Power
Debenture
Altalian
——1955;s
coup)
coupon)
———1952
F
(July
Interstate
1941
E
(Aug
series
A7s
1
(Dec
series
A7s
A 7s
C——
series
'/a s
A
Power Sec—
5s>
f"7
26
J-D
1964
unstamped extended to 1959—
6s stamped
IA York
International
1951
3%s-a_.
Traction
Western Newspaper
94%
108 Va
dabs.
98 %
■
.
§Reported in receivership.
Abbreviations
used
above—"ood," certificates of deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"wl," when issued; "ww," with warrants; "xw," without warrants.
«
Monday, January 31, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
! Chicago Slock Exchange
Baltimore Stock Exchange
Jan. %% to Jan. 28
FridayLast
Range
Arundel
.*—*
Corporation
15%
17%
pfd
t
v
41
common—*
Sugars Assoc com v t c
—1
Eastern
Houston Oil of Texas
Jan
68
Jan
Jan
150
Jan
43
Jan
44
Jan
50
1014
1014"
Jan
1014
Jan
27 %
100
2714
Jan
28
Adams
27 >4
27'4
100
2714
Jan
2914
Jan
65
Jan
75
Jan
Advanced
Bonds—
'
84
•:
Allied
—
Products
Allis
•13%
iommon;.——10
Cc|—_.________4—*
Public Service preferred—100
American
Armour
&
coinmoh_.
Co
v
V
4314
25'A
10
81
Jan
84
Jan
14
43
Jan
4314
Jan
25
Jan
2614
Jan
23
Jan
50c
Jan
50c
1,000
50c
37%
39 %
1,775
3514
Jan
3914
Jan
,33%
3914
50C
33%
15
33%
Jan
33%
Jan
.
& Seelig Mfg qommon
53 >4
51
24,000
102
54%
61
Jan
Jan
102
Jan
3%
Jan
Jan
39%
Jan
112
SJan
Jan
6
Jan
5
8%
Jan
1
36%
100
"
Jan
Jan
37%
Jan
l5/a
:
Jan
Jan
35/a
Jan
1%
Jan/
1%
1,100:/'
9
'j Jan
41a
Jan
13% Jan
13%
Jan
50
20
.Jan
21%
Jan
100
15
Jan
15%
Jan
Jan
9%
Jan
35%
Jan
Jan
8%
Jan
100
•
,13%
13%
20%
20%
15%
15%
9%
w
20%
'
.
'
•
9JA
300
8%
34% v
400
33%
8 3%
200
—
33%
33%
;
1.
Corp
Jan
100-
4'
Jan
23
Jan
600*-
1%
13%
109% Jan
200 V
'
.
Jan
Jan
.
A——5
_——*
common—___5
Cord
Aviation
Jan
4%
,
8
■
•
8
Jan
Jan'
Jan
102
1,000
:
Jan
5914
$25,000
54
6214
62
102
J!
23
38:
100
;
Jan
11%
•17%. Jan
', 750
9
IV*
—i
Manufacturing! common——10
Belmont Radio Corp__
'300
36%,
1%
Bastian-Blessing Co. common———
Belden
14%
.•;
12% Jan
: ioo
5%
1%
_
4%
50
36%
.
;
common———3
Berghoff Brewing
,
"•'r 83/4
83/4
'1%
.
'
>111'4
'5%
36%
Barlow
-
110
1U%
3
i
38%
_5
(Delaware)— _____
Jan
High
Jan
11
300
23
38%
Equipment Corp common—'—1
Manufacturing Co common_?l
Aviation Corp
20 V4
20
Asbestos
Washer
14%
•
13% V
r'^o501-'
23
Associates Invest Co common-———»
Automatic
200
4%,
20 "■■■»,
Corp
Chalmers Mfg
Corn
Warner
Borg
Brach
&
Bruce
B—————
series
.4%
i
common———*
Laboratories
Allied
Low
11%
'
)astings_^__——5
Aetna Ball Ball Beari: ig common.—_1
Aro
.
300
84
43
,25
25.14
53
66
65
1975
—1975
—1975
Baltimore Transit Co 4s
5s
Aluminum
Range since January 1
ioo
14%
11
11
Adams Oil & Gas
Bendix
5s series A_
14%
Manufa ituring com„__*
Co lommon———*
(J, D)
Shares
.
High
Low
Jan
4110
of Prices
Par
Jan
8%
Jan
2714
Trans—
Miners
&
41
Jan
-—5
—*
Moore (Tom) Distillery
——25
Mt Vernon-Woodbury Mills pfd
100,
National Marino Bank
—-30
New Amsterdam Casualty
—---■2-:North American Oil Co—
—_25c
U 8 Fidelity & Guar
50
Western
National Bank
20
Merchants
Jan
145
r
30
44
Jan
Jan
6% pfd vtc—25
of Amer A com—
Co
4314
'1014
6614
7%
' /
77
150
8%
148'4
145
145
Fidelity & Deposit Co
—.—20
Fidelity & Guar Fire Corp—-——10
Finance
68
814
Jan
41
301
41
6714
Brager Eisenberg
Consol Gas E L & Power
18
Jan
914
65 J
9%
9%'
C———1-100
Inc—
,•_•
-1
Bait Transit Co
15%
625
18
for Week
Range
.
Sale Price
—
High
Low
High
Low
Par
STOCKS
Range since January 1
Shares
of Prices
Sale Price
STOCKS
Last
for Week
Sales
Week's
Friday
Sales
Week's
compiled from official sales lists
Jan, 22 to Jan. 28 both inclusive,
from official sales lists
both inclusive, compiled
Co
Sons
(E L)
Piston
Burd
j
capital——
common—
—
4%
10
343/4
Jan
19%
650
18%
Jan
193%
Jan
22%
200
22
Jan
24
Jan
V 4%
9%
--*•
;V.
4%
9%
V-ir 150/"'
4%
Jan
9
850.
.
36%
Jan
Jan
4%
Jan
93%
Jan
/
28
250
28
Jan.:
28%
Jan
•
28
92
—30
450
36%
9%
convertible preferred—
*
>
22%
:
common———_1
Ring
Brothers
Butler
5%
*
5
193/8
36
36%
5
common
J)
(E
93 V*
140
92
Jan
95%
Jan
1
Boston Stock
Jan. 22 to Jan. 28 both
Exchange
inclusive, compiled from official
Friday
Sale Price
STOCKS—
Par
of Prices
'/, Low
,
i
Anaconda Copper —i
.
LOW
High
;
10
29%
Jan
3114
pfd
•
Jan
15714
Jan
24%
Jan
26%
Jan
Preferred
'
•
50o
com
*
Bird
&
Boston Herald Traveler Corp
34%
—100
•
Elevated Ry
103%
25
Boston
.100
RR
69%
19%
30
135
1214 Jan
11% Jan
96% Jan
2,102'
469
175
12
12
103
10314
33% 35%
69
69%
19% 20
12
*
Inc___
Son
& Albany
Edison
Boston
3214 Jan
67 ; Jan
19
Jan
r,
10314 Jan
2014 Jan
Chicago Flexible Shaft
Chicago Towel Co—
prior preferred
100
5% class A 1st pfd stamped——100
class B 1st pfd stamped-—_.100
28
28%
8%
/■!' 5%
5%
28%
26
1,107
:
Jan
Jan
6%
Jan
10%
Jan
Common
5%
5%
5%
20
5
Jan
6%
100
5%
5%
5%
115
5
Jan
6
5%
5%
6%
260
5
Jan
7%
C
stamped
pfd
1st
12%
Trust—*
Boston & Providence RR—
100
6%
——;————-_5
Calumet & Hecla
35%
245
6%
12%
640
123
6%,
.
28 Vn
.
6%
14
14
Jan
63/4
Jan
414%
Jan
Jan
50
Jan
82
Jan
87%
Jan
87%
60
55
-Jan
59
Jan
100
80
Jan
80%
Jan
690
13%
Jan
15%
Jan
25
25%
25%
25%
3,650
243/4
Jan
26%
Jan
1
4%
4%
650
4Va
Jan ;;:
4%
Jan
2%
2%
2%
1,400
2%
Jan
2%
Jan
25%
25%
Jan
Edisoi^ common
j
\
•v
'
.
Cudahy Packing Co 1%
25%
100
25%
Jan
19%
19^8
100
19%
Jan
19%
Jan
97
97
98
160T
93%
Jan
98
Jan
21
21
21
201/2
Jan
21%
Jan
16%
16%
15%
Jan
16% Jan
*
—
25
pfd—_100
Cunningham Drug Stores—.
2%
cum
::i;: 50."'
1
Jan
Dayton Rubber Manufacturing com_._l
Decker (Alf) & Cohn Inc preferred_100
Jan
15%
Jan
5%
7150.
5%
Jan
5%
Jart
1%
1%
1%
165
1%
Jan
1%
Jan
100
—100
60%
57%
60%
257
56%
Jan
60%- Jan
Dodge Mfg Corp
34%
32%
34%
2,075
32%
Jan
34%
Domestic Industries Inc
6% preferred
Jan
5%
5% Jan
45
50
50
14%
14%
prior preferred—,
14
12% KJan
150
7,250
1,050
48
59
common—J—
Co
Crane
•
Common
Jan
80%
5%
48
Jan
10
133/4
14%
,-.i———-*
Co—
63
Jan
55
56
Continental Steel common:
Jan
&
Deere
Gas & Fuel Associates-
Eastern
Jan
Jan
7%
80%
5%
Ji-m'
———10
—...
Range
Copper
;iK
5%
116%
58%
650/
13%
Jan
H Jan
Jan
14%
Co—
Jan
Jan
35% Jan
Jan
111
-10
—5
common——
—_—______*
Service
Cities
35
13
35
Personal Prop
Boston
5%
& Jan
10%
partic shares vtc B—_—_*
j
Consumers
class D 1st pfd stamped—__100
class
1%
Jan
■ft Jan
140
;
10
87%
49%
|
Consolidated Biscuit common
28%
Jan
4%
264
6
"5%
common—5
commol
Corp
Cities Service Co
Boston & Maine RR—
133/8
5
1
—*
capital __J—___1
Common
Chrysler
Commonwealth
7%
63
,8%
/
30
116
f
Cherry Burrell Corp common—.
Chicago Corp common!
Convertible
preferred
35% Jan
69"% Jan
10
Jan
9%
2,700
60
62
%
950
U
■
116
•
——
Boston
u
j—
•
p Light pref—*
—
fk
10 V*
%
*
———
West) Util
preferred*---
700
%
9%
1
preferred
Central States Power
Jan
15514
526
2514
$6
L
—
iien
Prior
Range since January 1
Shares
High
2,211
24%
Serv
Central & South
2914
29%
'
50
Common
Convertible
_
15614 15714
15614
__100
& Tel
Tei
American
V
100
Refining.
American Sugar
Range
Pub
Illinois
Central Illinois Securities Corp—
sales lists
Sales
for Week
Week's
Last
Central
Co
Jam
Co
Jan
102
class A
39%
100
39
Jan
39%
Jan
15%
15%
100
15%
Jan
15%
Jan
'11%
11%
200
10%
Jan
11%
Jan
1
comifion_;
101
39%
*
*
comipon
20
*
commons—
Dixie-Vortex
50
6%
1,500
5% Jan
6%
Jan
8
102 , !
101
102
:
.
6%
Jan,
3
"
Jan
Electric Household
1st preferred series A——100
98
97%
98
115
92
Jan
'.Ti- 98
Jaif
—100
5 % preferred adjustment————100
Eastern SS Lines Inc common—A—*
58
56
58
200
54
Jan
/
58
Jan
15%
15%
220
13
Jan
'
5
9%
8%
9%
3,850
31%
31%
31%
200
29%
Jan
18%
18%
100
/.18%
Jan
15% Jan
Mass Street
Eastern
6%
6%
Employers
General
31%
35%
36%
130
i
31%
31%
5
36
37%
Co———4-;—
"
Hathaway Bakeries class A
—*
Button Hole Machine__10
6%
6%
10
v'
1
7%
32
37%
9%
Jan
Jan
Jan
General
Jan
10
1%
Jan
5
16%
Jan
200
3 %
475
23 %
Jan
350
60c
32
Jan
2%
Jan
■
•
Jan
23/4
17%
__R)0
4%
27
70c
,
47%
Jan
Jan
414
28
.
■:
12%
,
Heileman
Motor
Jan
Houdaille-Hershey
Jan.
49
Jan
Co
7
Jan
8%
Jan
12%
320
12
Jan
12%
Jan
Indep
14c
14C
8c
Jan
15c
Jan
Indianapolis Power
1%
Jan
Illinois Central RR
2,500
25
1%
25%
105%
16%
16%
150
16%
Jan
16%
Jan
13%
14
350
13%
Jan
14
Jan
:
Pneumatij;
Inland Steel Co
Jan
__2.50
North Butte Mining
RR
Northern
H)-_;
(N
Old Colony RR—__
25%
100
25%
Jan
26%
105%
Jan
1063/4
Interstate
Jan
441
Jan
$7
30c
44c
99
38c
99
10c
——100
30c
20c
20
140
Jan
45c
Jan
99
Jan
Jan
20c
Jan
v£lOc
Jarvis
■■
Pennsylvania
—50
RR
Button Hole
Machine—
28%
10%
1
1
215
10%
1
25%
1,517
1
*
Machine—,—________1Q
Folding
Reece
27%
25
Quincy Mining Co————
Reece
27%'
....
1
Webster
&
Stone
Suburban
Union
Co
Twist
Drug
United
Fruit
Inc
12%'
Power
150
'
28%
Jan
1%
Jan
Ken-Rad
10% Jan
Jan
•
Drill
5
Inc—
'
—
12%
110
13%
Jan
Jan
8%
312
8%
Jan
8%
2%
40
2%
Jan
2% Jan
33%
640
32% Jan
333/4 Jan
33
'
—
27%
28
13
5
Co
13%
8%
common—.*
(The)
12%
2%
8%
;—
Securities
Elec
Torrlngton
United
T*
13%
Jan
25%
39
Jan'
28
Jan
13
105
Jan
13%
Jan
Jan*
•
78%
78%
79%
491
75%
80%
7%
71%
70%
72%
804
69% Jan
74
Jan
U
S
25
43%
43%
441%
80
43% Jan
44% Jan
41%
41%
81
41 %
Jan
43%
Jan
20C
20C
20c
Jan
25c
Jan
'
Rubber
_io
Utah Metal & Tunnel
System Inc
Warren
(3D)
1
;
20c
•
10%
10%
•
_
Co
Westinghouse Electric &
1,300
21
21
Mfg—I——50
"•*
94%
96'/a.
225
25
190
'
10%
6%
Jan
94
Jan
r
Boston
&
Light
Income mtge 4%% series A
For
footnotes
see
page
479.
1970
—
55
56
"
$3,500
20%
1,000
13
;
10%
600
9%
150
8
15%
550
13%
4%
Jan
Jan
/ 20%
Jan
10%
Jan
>14%
;
Jan
8%
Jan
8
Jan
8%
9
13%
Jan
19%
v
Jan
Jan
9
15%
Jan
4%
Jan'
Jan
Jan
4%
4%
4%
550
13%
12%
13%
400
10%
Jan
14%
Jan
19%
100
19%
Jan
20
Jan
17
17
50
165/e
Jan
17%
Jan
*.
74
74
100
73%
Jan
75
Jan
72%
73%
350
71%
Jan
73%
Jan
8%
Jan
9%
Jan
-
*
73%
—*
8%
♦
common
$6 preferred—
9%
5
•
9%
4%
Jan
7%
18
Jan
Jan
18
Jan
200
13%
Jan
14%
Jan
11%
100
10%
Jan
11%
Jan
4V2
1,050
4%
Jan
6%
Jan
8%
80
9%
10
50
18
14 »/2
11%
capital—.
18
14%
Cojvtc—
Tube
4%
4%
48%
100
101%
_7
7%
6%
7%
1,200
6%
14%
50
.10%
49
400
•
Jan
1%
Jan
Jan
Jan
%
Jan
50
15V2
Jan
250
22%
Jan
26
Jan
41
Jan
41
Jan
13%
Jan
14%
Jan
1%
17%
26
26
26
41
41
20
13%
14
1,600
13%
7%
17%
6%
100
17%
*
Jan
1,150
1%
.
Jan
101%
7%
17%
•
»
___*
Jan
Jan
49
Jan
101 y2
16
.r,
j/,,,
7
47%
70
101% 101%
•
;
7%: Jan
Jan
48%
;
.
Jan
141/2
7%
&
preferred
:
;
1
Middle
capital
"United Co—\
West
Midland
Corp
Convertible preferred
Jan
6%
5
'
Common
Jan
Utilities
6Vo
prior lien
preferred A'
A
/prior
I.
—
•
lien
stock
vtc
preferred—4
i
500
5%
Jan
6%
Jan
7,550
9%
Jan
10%
Jan
50
1,850
19%
20%
6%
20
100
6%
50
350
6%
6%
.%
VK
.
100
■j'j J an
tV Jan
19%
Jan
6%
Jan
Jan
16
%
Jan
.
"
20%
6%
Jan
Jan
Jan
7
V4
Jan
I
56
prior
5%
10%
ioo
Montgomery Ward & ipo common
Muskegon Motor Special class A
'j
5%
10
100
!
96% Jan
Hart—
5%
10%
*
Miller &
Jan
250
13
r
■
Common
52% Jan
50
*
com.
,
McQuay-Norrls Manufacturing
Marshall Field common
21
]
200
-
19%
Llbby McNeill & Llbby, common
Printing Co common—,
$3% preferred
i
•1
McCord Rad & Mfg class A__,
$1
Maine RR—
6% Jan
10
——ijL.i
Mfg
•
Jan
54
100
Lincoln
10%
Jan
20%
19%
10
Lamp com A„i
*
Kentucky Utilities jr jcum pref—50
7%
Bonds—
,
20
Drug Co common.;,
—_1
Kellogg Switchboard cbmmon
;
•
Midland
Waldorf
13
-•
Mickelberry's Food Products com—1
..
Jan'
9
7%
1
common
Jan
_23
,
.
United Shoe Machinery Corp
6% preferred
Jan
7%
q
52%
—3
B__
j
Assn.
Shawmut
8
350
Joy Manufacturing Co common——_l
'
:
'
'
t
Jan
1
Jan
6%
*
capital——
(W B) Co
Jan
Jan
4%
53%
Katz
9% Jan
75
Jan
6
Tool v t c
Jan
98
1,780
v;
Jan
Jan
52%
*
Harvester
preferred
Iron Fireman
100
—
3%
8 %
200
13
capital
*.
105% 106%
25%
Jan
Jan
1,200
814
950
.
New England Tei & Tel.
3%
3%
8%
52%
/
8
3%
3%
*
capital
180
1%
Jan
*
*
^arts__
I
Brick
Illinois
770
Jan
41
10
com
class
933%c Jan
International
_10u
Dk
Col
Brewing
Werner
8%
8
1%
___—
England Gas & Elec Assn—
5%% preferred
______*
&
Dr
48%
47%
Jan
(H W) common
12%
■
14c
28
60c
Mergenthaler Linotype ———*
Narragansett Racing Assn Inc——1
Nash-Kelvinator
—;
5
National Service Cos.—.1
4%
25%
/
Jan
39%
*
Corp j common
Advertising com
Jan
Heln
4
Jan
10%
150
10
;
Goldblatt
Great Lakes
Jan
12%
350
1
common.
Gillette Safety Razor
£ommonBros Inc common
Jan
Jan
11%
100
11%
Jan
Jan
■'
...
Motors
12%
12%
40
5
Corp
I
Gossard Co
30%
17%
■
6%
Jan
1
common—.—
Preferred
-
11
12%
—10
class A
Finance
General
Jan
Co
Denver
Jan
.
39 %
*
Auto——
Brewing common—
General Candy
37% Jan
Jan
6
17%
—25
New
!:
Jan
Jan
10
718
Mines
Jan
10
200
—
Tunnel &
35%
945.,
2%
common—_.___^100
Central RR
;
Drive
(Peter)
Jan
20%
.
5
Dredge Co common-'
Fox
31%
r*
Dock &
Jan
16
..V
./;
31%
5% .preferred
10%
36
205
10
1
__
—
Massachusetts Util Associates v t c——l
National
9%
2%
:
Jan
31.20
1,442
30%
»■
3218
Jan
8%. Jan '
295
•
Loew's Boston Theatres
Maine
'
common———5
(Del)
Jan
Jan
Corp
Connell
&
General Outdoor
•
—
Isle Royale Copper———15
■
9 v
■ry.".
International
Copper
9
38
Simons
Fitz
Four-Wheel
35%
—
Jan
-Jan
31%
110
—•
—1
Corp—
Gillette Safety Razor
Corp
10%
53/a
Jan
Gardner
General Electric
Kennecott
38
35
31%
9%
8%
377.
.
38,
31%
Stores
Capital
Lamson
9
38
■
43/s
100
4%
Association———
Service —
—1
Group
Public
First National
8%
*
$2 convertible preferred—.
Engineers
"4%
4%
Ry common—_ 100
preferred B
Util
—15
1
Elgin National Watch Co___
Eversharp Inc common—.
9% Jan
Jan
1%
Jan
2%
Jan
10
9%
9%
9%
450
9%
Jan
10%
Jan
*
*
45%
451/2
45%
450
45%
Jan
47%
Jan
27%
28%
200
27%
Jan
28%
Jan
•
2
1%
2
2,000
Volume
159
Number 4251
THE COMMERCIAL & FINANCIAL CHRONICLE
475
OTHER STOCK EXCHANGES
Friday
Week's
Last
*
STOCKS—
•
^
■;
Low
Cylinder Gas common—1
National Standard cap stock--—
.10
North American Car
12
1
20
common
■
■
-
-A'
12
34
19
18
Shares
High
12
Range since January 1
low
„
150
Jan
32 V2
Jan
650
•'
•
19
12.
18
Jan
16%
Jan
12%
Friday
Jan
34
Jan
17%
Jan
Week's
Last
Jan
19
-
STOCKS—
—*
common
West Utilities
pr lien
7%
17%
50
17%
1
pref___100
:
100% ioi
>
preferred
100
Nunn-Bush Shoe common---—..—.2 */a
110
95
Jan
104%
Jan
'Jan
26%
Jan
13%
24%
140
22
13%
13%
100
13%
f;
Omnibus
Corp common—.——4—6
Peabody Coal Co class B common—:5
6%
preferred
Penn
Electric
Pennsylvania
RR
Perfect
Circle
Pressed
Steel
Preferred
capital—
(The)
Car
Oats
Co
A—
common
0
_
■■
—1
153
of Prices
r;-'
Common
4%
Jan
3 Mr Jan
Jan
21%
Jan
; 87%
200
87
Jan
90%
Jan
10%. 11%
1,350
•\ 10%
Jan
11%
Jan
21%
Jan
22%
22%
23
350
103% 103%
—
101
10
-4144 6%,;; 6%
31
:;'V
34
90
1.
2%;
13.%
12%
13%
■s
10%
11%
r
17%
18
17%
30%
30%
32%
30%
12
Industries
Wrigley
(Wm
„*
Yates-American Machine capital
Radio
Corp
4%
Unlisted Stocks—
Curtiss-Wrlght
:::
•
Jan
73
Corp
common-
Corp..
4 400
Jan
4%
Jan
26%
Jan
27%
25
Jan
25% Jan
100
94%
Jan
9%
3,300
:k
5%
50
35%
2%
95%
'
Jan
''
Jan
Jan
9'A
Jan
5%
Jan
5%
100
34%
Jan
36%
9%''
24%-
9%
400
-
.
•?
9%
Jan
9%
Industrial
25%
v
58%
58
•
24%
Jan
r**J.
400
50
56 Vz
Jan
\
r
300
56%
Jan
•41
'A
■'
>
Ohio
Oil
4.
400
5%
Jan
6%
Jan
37%
7
•
•
200
•
7
Jan
-
Jan
12%
600
12
450
15%
Jan
800
15% .16%
650
9%
9%. 9%
16% 17%
750
A 9%
STOCKS—
16%
Jan
U
8
15
Jan
Jan
24%
,
/.
Range
of Prices
low
26%
8
25%
101%
101
7%
u.——50
7%
-1
*
72%
9
5%
_n10
34%
30%
*
Jan
54
14%
Jan
15
Jan
-.
Jan
Jan
43%
Jan
*
'
.
....
i*.
'
*
Jan
12%
Jan
89
13 Va
Jan
15
Jan
32%
Jan
33%
Jan
n7
5
75
Jail
19%
9
1,093
19 y2
Jan
2%
2%
100
2
Jan
2'A
Jan
649
8% Jan
101/*
Jan
20
Jan
10'/*
;■
19%
19%
15%
10
a41% a41%
60
a40% a40%
25
a
a
a36% a37'/a !■
a20
—
20
Jan
272
a20
25
a40% a40%
18%
Youngstown Steel Door
50
18%
529
—*
al7% al7%
22
•
a527/8 a53%
72
common
14%
14%
18 %;Jan
14%
150
18% Jan
14%
Jan
Jan
Watling, Lerghen & Go.
Exchango
New York Curb Associate
Detroit Stock Exchange
?
Ford
Chicago Stock Exchange
Building
DETROIT
Detroit Stock Exchange
Jan. 22 to Jan. 28 both inclusive, compiled from official sales lists
Drop Forge
Baldwin Rubber
Range
Sale Price
common-—5
LOW
V:
1
—
—Ill
r
Milner
&
Edison
10
common.. —
Cleveland
Nav
4%
...
common—10
4%
150
27%
Jan
28 y*
Jan
1%
350
1%
Jan
Jan
12%
566
12 Vo
Jan
1%
12%
—*
common
"3%
5
common..i..
Mogul common———...5
:
•
3%
100
15%
15%
229
5%
300
4%
5
1,400
4%
5
18%
20
common—
Steel Corp
Federal
7V2
200
;
5%
common_.ri.....1
; common
7% Jan
Jan
.
3%
V-.C-
19
Ve
3%
4'/8
2,062
Range since January 1
Low
27
161
8
25
26 y»
8
25% y.
101%
Jan
27'A
Jan
Jan
8%
Jan
8
23%
Jan
100%
Jan
318
72%
■
9
7%
.45
12
34%
447
20
26% Jan
;
.
102
"
'
'
•
Jan
8%
72
Jan
73 V4
9
172
46
6%
34%
50
148
*
Jan
5 V*
Jan
9
Jan
Jan
Jan
6%
'''
Gar Wood Industries common
Jan
11
Jan
12
Jan
33
Jan
35
Jan
31
314
29
Jan
31
Jan
39%
110
39%
Jan
40
32
Jan
32%
200
31%
Jan
33
Va Jan
16
16
Jan
16
Jan
22%
57%
355
56 Vb
Jan
58 Vs
4,430
Jan
Jan
3
3
600
2%
5
1,600
4%
45
40%
Jan
42%
Jan
9%
83
8%
Jan
9%
Jan
8%
26
21
Jan
22
% Jan
•
Park
Chemical
Parke,
Parker
Motor
Co
*L
Peninsular Metal
450
1,200
250
27
1 Va
lVn
31c
g
—
34c
,
86c
•
125
1,050
6,500
g
17%
1%
14%
50c
„
4 Va
27
Jan
5%
Jan
3
Jan
Jan
5
Jan
13
\
a
Jan*
Jan
15%
Jan
56c
4%
Jan
Jan
y$
24c
27
Jan
Jan
Jan
Jan
Jan
1%
Jan
Jan
Jan
35c
Jan
Jan
5
Jan
5
400
75c
—-
Jan
86c
Jan
6%
6'/2
100
5%
Jan
7
Jan
61/*
6%
200
5
Jan
6%
Jan
..10
9
9%
275
9
Jan
9Va
Jan
common——
1
3%
3%
;
500
3%
640
29%
534
9
—*
common..
3%
29%
—
9
280
3 Mr Jan
3%
Jan
29% Jan
9
3% Jan
4
Jan
30%
Jan
••
Jan
Jan
Products common- -1
1%
1%
600
iy2
Prudence Investment common...— -1
1%
2
541
3%
3%
1%
Jan
2
Jan
■
River Raisin Paper common.—
3Vs
.10
common
11%. 11%*
Jan
9
1% Jan
Scotten-Dillon
Jan
1%
100
86c
Jan
20'A
Jan
13
1
Jan
...1
Car common
Davis common:
Wolverine
Jan
'ho
common
Murray Corp common—
Packard
-2%
390
4%
27
1%
33c
130
1%
4%
pfd——...
-U-Aw..—
Hone
13
1%
Jan
Jan
4 M»
Jan
4%
Jan
19%
.
Jan
5'A
Jan
42%
Preferred'
Micromatic
5 Va
Jan
Jan
3'A
14%
Michigan Steel Tube common—.
Michigan Sugar common——
y»
18%
18 'A
56c
1
4
2,738
17%
55c
...1
Jan
100
14%
common—
4%
100
*
common—
Jan
910
Houdaille-Hershey "B"——
Prod
Jan
3%
5%
Hurd Lock & Mfg common————1
Wines common
——2
Screw
5%
5%
LaSalle
Masco
Jan
5%
13
Jan
47/a
19%
3
Jan
15%
17%
Manufacturing class B——*
Graham-Paige common.—
—1
Mahon (R C) class A
4
Jan
Jan
Jan
19%
Gemmer
McClanahan Oil
15
17%
Jan
30ys
6
r
High
3%
1
19%
Frankenmuth Brew common—.——1
Shares
High
Jan
6Vb
12%
Burroughs Adding Machine.—.
Burry Biscuit common
42%c
LOW
6
1,450
7Vb
7%
1%
"l%
Range since January 1
27%
7
7%
7%
Shares
High
<!
Briggs Mfg common.—;
Brown McLaren common—
Motors
for Week
of Prices
27%
common
Paper
Sales
Week's
Last
!:
v:y:;y;\,yy! stocks— :,yy yy.:
Detroit
42
»
V
9,200
3%
Jan
3'/2
52
»
21
48 Va
Jan
52
Jan
Jan
209
11%
Jan
11%
Jan
Sheller Manufacturing common—-—. ..1
3%
3%
400
3%
Jan
3%
Jan
-1
common.,
Standard Tube class B common—— ..1
52
—
2%
2%
100
2%
Jan
2y2
Jan
1%
1%
300
1%
Jan
1%
Jan
Simplicity
Unlisted—
American Rolling Mill
City Ice & Fuel-.
25
13%
Stearns
13%
13%
15%
4%,
52%
(Fred'k)
common
12
16%
145
15
4%
210
52%
53%
139
29%
29%
29%
83
29 Va
Jan
48%
48%
30%
Jan
Warner
—
Motors.
.10
Brands
•
Tlmken Roller Bearing.
eee
Pattern
272
20
47%
Jan
48%
Jan
Wayne Screw Products
Columbia Gas
footnotes
7%
Jan
459
.
33%
18
common...—
Federal Motor Truck
22%
Playing Card-
For
Jan
12%
3
a41% a42%
19
—.
.1.
Detroit
56%
Procter & Gamble—
Standard
6 '/*
50
15
n7
10
common.—*
Detroit-Michigan Stove common—_1
16
32%
r
General
2,420
12%
327/a
10 W Jan
'r 18
39%
"A"
Printing—
7%
7%
12%
*
Jan
Jan
Hi0h
11%
Insulation
Gibson Art—..
S.
Jan
for Week
—...
S.
Stores
16% Jan
Sales
—20
...
Preferred
il%
19% al.9%
a
.....2
Jan
38
15% Jan
100
Week's
..—
U.
Jan
193
Jan
43%
15
Sale Price
.L*.'
Jan
11 </8
11%
Jan
54
Fibre—'
Lunkenheimer
16%
Jan
12%
1" '
U.
7%
Par
——.8.
Electric
37%
Jan
14%
Steel
Atlas
Cincinnati Gas & Electric preferred.100
Cincinnati Street
50
Leland
*
*
——
Friday
Par
Kroger
Jan
16
12
Jan
17%
■
Jan
450
23%
37%
7
17%
Jan
17%
Last
Hobarfc
36 y2
50.
Jan
Friday
:i
28
16%
Jan
Jan
36%
Cincinnati Stock Exchange!
Formica
Jan
37%
16%
11%.
common.^
Jan
600
Coach class B——1
Drug
Eagle-Picher
Jan
11 %.
60 y* Jan
58%
Jan. 32 to Jan. 28 both inclusive, compiled from official
sales lists
Dow
12%
210
37%
common
26%! Jan
61
——10
—
Jan
12%
*
Jan
37%
25
Telephone..:
Jan
•23
23
al5% al5'/a
Works————.———*
Rayon
Detroit
(Dan)
Jan
32
Jan
*
General Electric common
Glidden Co common—
Crowley,
Cincinnati
49
Jan
22 Va
32
Unlisted—;.
Continental
Cohen
Jan
31l/a
55
"I——*
New York Stock
12
Corp common—1-
Champion Paper &
45'/a
300
4
124
45 y«
12%
I—— 1
'144 4:4
Baldwin
20
a42 lA
12%
Cleveland Graphite Bronze common
Firestone Tire & Rubber common
Jan
2424%
Laundry Machine
Jan
25
23
A
Addressograph Mul
Consolidated
American
Jan
13
—*
Jan
69
-^——„
&
57
Jan
——
Jan
:4
15%
common
Jan
13
Jan*:
Jan
16%
Standard Oil of N J
Co
55%
Jan
5%
4 V2
63 %
50
10
100
3% Jan
4' 8% Jan
100
..
Jan
45%
Tr—„
B—
Drug
Republic Steel
100
•
4%
7
...
Brands—4
Truck
Jan
16%
common
Yellow
Jan
54%
3%
common
(The) common
Rubber
73%
Jan
850
63%
5%
Radio Corp of America common
Republic Steel Corp common
——•
Studebaker
Jan
52%
3,150
36%
..
Paramount Pictures Inc.
U S
Jan
Jan
Pullman "Inc 4—4—4444.——
New
Jan
12%
Jan
82%
3%
57%
York Central RR capital—..
Standard
;; 32%
Weinberger
14%
32
—
Iron
Jan
Jan
24%
95%
X58%
1
Co
(Glenn L) Co
Pure Oil Co
Dorn
14
a42
Seiberling Rubber i'_...'_jj*
Standard Oil of
Ohio..———————25
Van
392
Members
9%
150
Topeka & Santa Fe Ry com. .100
Bethlehem Steel Corp common—.
Nash-Kelvinator
31
Jan
12
Jan
Jan
5%
Atch
Iron
4%
27
5%
18%
281',; Jan
.
100
<
y 11% Jan
14%
101
—*
Richman Bros.
Jan
Jan
a38% a38%
4;:;
American Radiator & 8t San com.
Anaconda Copper Mining—
Electric
Jan
Jan
4%
common-———*
Jan
23%
35%
—5
Jan
80%
63%
*
Jan
13%
27%
1,050
8%
2
13%
Jan
50
73%
25
Jan
1
200
3%
*
capital
II
80%
,7'
'
Jan
.
22
68
'
new..—.
class
class
Jan
Jan
13
Jan
10%
100
95%
:
common
300
♦
53%
25
2%
34%
17
2,550
24
26%
LeMur
Brass
Jan
18%
63
55%
...100
Warreif Refining
12
4%
Jan
12%
100
73%
1
common
Co
Nestle
16%
940
1,095
a20% a207/'a
—25
Packer -Corp
13%
..
: 400
52%
—*,
;
common—
Jr)
Jan
Jan
43
Jan
22
55%
Jan
Jan
33..
600
I;
32%
,
80%
Pump Co capital—•_
—_l
Westinghouse Elec & Mfg common.!—50
Woodall
Jan
2
V.
30
31
24
.A—20
—
Bankshares
6%
National Refining
Jan
13
McKee (A G) "B"_—
Medusa Portland Cement...
National Acme -—..A—
Patterson-Sargent
13%
Oil-O-Matic
Jan
103%
Jan
30
.
1,100
common
Jan
6V4
300
23
&
15
Jan
10 y2
68
a43% a43%
55%
——
Kelly Island Lime
585
16%
5%
Jan
14%
—.5
-
& RubberLakes Towing—..
Interlake Steamship ———
Ohio
34
-'350
~
16
Jan
10
67
Jan
11%
High
50
68
—
1,350
125
Steel
Great
4%
10 y2
5%
20%
«
Goodyear Tire
Jan
Jan
Wayne
New
Jan
27%
2%
U S Gypsum Co common—'—
Martin
153%
Jan
11
Carbide & Carbon capital
*
United Air Line Transport
capital—5
Interlake
Jan
12%
21'A
Union
General
153
■4 350;
100
.
Zenith
120
27%
200
Sundstrand Machine Tool common—5
Swift & Co capital
:
25
Swift.
International capital
—15
Trane Co (The)
common——
2
Wisconsin
Jan
11%
Stewart-Warner Corp common
5
Storklihe Pur Corp common—10
Williams
74%
33%
Utah Radio Products common-
10 y3
—Il
General Tire & Rubber Co.
Goodrich (B P)
V
y
153%
200
11% Jan
...
Jan
33%
Walgreen Co
Pressed
71
_*
common
Controller
Fostoria
710
-.25
Indiana
Electric
Jan
Low
5%
10%'
—3
Range since January 1
High
a41% a41%
—5
—.
Jan
I
capital
of
.
Shares
5%
-
*
Mfg
28%
33
Jan
-y'
——————
Steel
.
(A) common———
Oil
Jan
31%- Jan
11%
Eaton
Low
-50
Clark
Controller—
Cleveland Cliffs Iron preferred..
Cliffs
Corp common—————.
Jaeger Machine
10%
.2
,
26
V 660
Jan
21%
St Louis National Stockyards capital--*
Standard Dredge—
:
S
Jan
1
21%
pfd—I—*
U
80%
% "Jan
"/-.'/I 11%
y'4444 87 ?
common
common——
-
100
4
\lll f':-;
Sinclair Oil Corp—
Bend Lathe Works, capital——5
Southwestern Light & Power
Co
Jan
530
74
153
•
—
South
&
Jan
3%
11%
25%
capital—-—<-1
Sears Roebuck & Co
.
common__50c
common——-—*'
Cummins
Standard
10 V2
Jan
33
72%
5
Sangamo Electric Co
Stein
Jan
Jan
79
40
•••.
28% y
Manufacturing—...
American Coach & Body——
Brewing Corp of America.———
City Ice & Fuel.——
.■
3%
1,050
40
i
,;I; 11%
——j.—4—..-i_—100
Spiegel Inc.
'
9'%
1,300
3%.
79
32
*
common——.
preferred
Schwitzer
io%
3%
79
'
I.av. ,.:v
%
.■4427%
*
50
Co
common
Raytheon Manufacturing
6%
>•
79
Jan
1
Gas &
Quaker
9%
—-
!__100
Brass
Jan
23%
■
_
Akron
Sales
for Week
Range
Sale Price
Par
Northwest Bancorp
North
Exchange
Jan. 22 to Jan. 28 both Inclusive, compiled from official sales lists
High
' 50
■
34
Vz
Cleveland Stock
for Week
'
of Prices
par
National
Sales
Range
Sale Price
*'
page
479.
4 %
18
——
18
101
18
Jan
18
Jan
Jan
13%
Jan
Tivoli Brewery common—
II
2%
2%
2%
777-
2%
Jan
Jan
2%
Jan
16%
Jan
United
-1
6
6
6
100
5%
Jan
6
Jan
4%
Jan
U. S.
3
3
200
2%
Jan
3
Jan
7%
7%
100
6%
Jan
7%
Jan
2%
2%
5,690
1%
Jan
2'/2
Jan
1.00
400
Jan
1.00
Jan
3%
400
Jan
3%
Jan
Jan
Specialties
—
Radiator common_r
—
Cooler
"A"—.—-
-T
Universal
52% Jan
53%
Jan
Class "B"
Aircraft
2%
—,,——
common
common
-l
„4
98c
"3"%
3%
98c
3%
.
THE COMMERCIAL & FINANCIAL CHRONICLE
476,
;/Mbii"day^ January 31-,* 1944
OTHER STOCK EXCHANGES
Week's
Range
Friday
Stock Exchange
Los Angeles
Jan. 22 to Jan,
Last'
stocks—
Range
■
F«f
-
■.
5%% preferred
Barnhart-Morrow
,
39c
*'■
Inc common—
Byron Jackson Co
Investment
Corp
Chrysler
1
'•
'
52
America——
of
Kleiser
&
Foster
:
Jan
12%
-
Jan
Low
American Stores—!
Jan
8%
■
American
Jan
35c
Jan
52%
Jan
7%
Jan
W
•
11
Jan
12%
39%
48
50
Jan
80o
Jan
8%
4c
4c
Jan
50
a22% a22 %
4%
Z
4%
450
4%
—-J
11%
;
70c
12
70c
W''~i''
-•
Angeles Investment Co——
w
Oil Co
—
Menasco Mfg Co.—
——*
Merchants Petroleum Co:
*
Mt Diablo Oil, Mining & Devel Co——1
J Occidental Petroleum Corp
——1
Oceanic Oil Co————l
Pacific Clay Products
———
pacific Gas & Electric common——*5
6% 1st preferred——r—25
Lo&
Mascot
70c
467
v
33c
16%
Jan
11%
Jan
12
Jan
67 %C
Jan
70c
Jan
Jan
1'.05
2,950
-
$1
Jan
70c
Jan
25c
Jan
30c
Jan
46c
Jan
30c
Jan
60c
■
2nd
-
V
' 5% %
1st
70c
25c
48c
30%
Aeronautical Co—
Stores Inc————
36
41%
a 14%
6%
7
a47
Jan
7
31c
3%
Jan
3%
Jan
4%
39
39
42%
43
10%
V
11%
3%
Jan
39%
31
41
Aug
43
10%
Jan
11%
31/4
27%
'
8%
Jan
2,430
23%
Jan
31%
Jan
440
29%
•
a
18%
34%
Oil
31
Jan
Columbia
Gas
„
34%
Jan
Devonian
Jan
Fort
Jan
8%
100
a6%
7c
Jan
-8%
3.227
—
8%
Swift
&
Company
12
Jan
;
Jan
(Tbei—
Lines
Company
Transport—!
United Aircraft Corp
For footnotes
see
page
479,
28%
Jan
Jari
22
Jan
Jan
25%
Jan
—
32%
32%
28
32%
Jan
33%
Jan
27
28%
255
25%
Jan
28%
Jan.
16
Jan
17
185
32%
Jan
34%
Jan
20
27%
Jan
28%
Jan
16%
16%
33%
w
-.v-A'.
33%
28%
9
9%
25
v
210
40
59%
60%
139
1%
1%
1%
1%
572
35%
36%
9
2,098
1%
__
2V2
2%
15%
105
Jan
Jan
9% Jan
38% 'Jan
40
Jan
57%
Jan
60%
Jan
1%
Jan
2
1
Jan
1%
Jan
33%
■
356 '
Jan
36%
Jan
;
;
Jan
13,446
2%
2 %
Jan
2%
Jan
16
15%
Jan
23%
Jan
15%:
Sales
Range
for Week
■
Shares
of Prices
Low
#
Range since January 1
Low
High
26
vZ"!
26
.
High
/
35
26
Jan
27
Jan
14%
.50
13
Jan
14%
Jan
4%
4%
75
4%
Jan
4%
16%
16%
100
16%
Jan
16% Jan
14%
Jan
Jan
1.15
1.30
Jan
9%
Jan
5%
Jan
1
156%
;
56
25%
Jan
58%
3%
Jan
Jan
34'%
,
160
4
*
..
15
14%
jan
15
8%
"4%
100
95
n%
5%
%
Jan
Jan
5%
100
175
17
Jan
17
611
37%
Jan
37%
Jan
80
41% Jan
41%
28 V4
Jan
Jart
a6%
20
6%
Jan
28%
6%
27%
27%
265
26%
Jan
27%
13
563
12
Jan
13
Jan
31
31
31
Jan
313a
Jan
7%
Jan
88
247
1%
a45%
'
'205
a58% a59%
179
■
•'
*
•
'
1% Jari
575
100
8% Jan
16%
16%
411
16% Jan
18%
180
3%
3%
100
17%
a9
18%
_
1%
36%
3%
425
,18% Jan
3% Jari
.
a23% a23%
27%
540
a21% a21%
a38% a39%
.
_
15%
Jan
9%
553
17%
a87%a877/s
345
17%
■"'
Electric Co
4
•
«ni*i/„
099 x'n
Jari
common,*,
Columbia Brewing common—,
—5
18% Jari
4
,
Jan
27%
Jan
10% Jan
18% Jan
12% Jan
23% Jan
22% 23%
a287/a a29%
a33 % a33%
300
22 %
127
Jan
Emerson
Bottling
Electric
preferred.^
Falstaff
Brewing common—
—1
Huttig S & D common—
—5
Hydraulic Pressed Brick common- -100
—
Shoe
McQuay-Norris
Midwest
common
common
5
a2~8^
CEntral 7600
—*
Missouri Portland Cement common—25
National Bearing Metals common—*
National Candy common
preferred
——
Dry Goods
2nd preferred
loo
:
common.—,
:
;•
100
14%
425
14% Jan
15~%
460
27% Jan
30% Jan
lT% Jain
Scruggs-V-B Inc common
Sterling Aluminum common—
Wagner Electric common—*
Jan
50
m
40
—
13% Jan
for Week
Shares
Range since January 1
Jan
High
6%
Jan
5%
.
Jan
23% Jan
23%
Jan
12
Jan
Jan
105
Jan
Jan
13
Jan
12
—
.
Jan
11%
104
Jan
Jan
10
50c
Jan
80c
Jan
7
Jan
9
Jan
9%
—'v
—
—
35%
Jan
1% Jan
5% Jan
Jari-
I!
36% Jan
l7/e Jan
5% Jan
6
Jan
41%
43% Jan
Jan
17%
Jan
13% Jan
14
Jari
Jan
15
Jan
Jan
34
Jan
Jan
—
Jan
16
431/2
113
Jan
15
34
—
*
Jan
IZ
I.
_!
13%
Jan
Jan
107
Jan
2% Jan
3
Jan
9%
Jan
9% Jan
9%
18%
_5
1
Jan
5%
„
•
15
18
9%
31%
31
Jan
91
Jan
93%
Jan
92
Jan-
93
Jan
9%
Jan
Jan
20
9%
Jan
Jan
32% Jan
141
15
593
Sales
Range
Piping & Supply common—**
30%
330
Week's
of Prices
common———JL
Rice-Stix
165
.100
14%
13%..
Jan
23% Jan
Exchange
.
—.
St Louis Bank Bldg Equip common—3
St Louis Pub Service common A—
1
13%
Jan
Jan
compiled from official sales lists
International Shoe common—36
2nd
150
a81% a81Va
Jan
Jan
Phone
(
105
9% Jan
: 17% Jan
12% Jan
a99% a99%
7%
Jan
Bell Teletype SL
12
100
12
a34% a35%
95
Low
Jan
Johansen
405
a23% a23%
5
Jan
22%
6%
1%
8% Jan
16% Jan
Key Co common——
Laclede-Christy day Prod
12%
a48% a49Vs
'
Jan
1871
—
17%
30%
.
3%
Jan
7
50
298
-1-i '
—10
1
145
a54% a55
a33%
7%
23%
Jan
95
75
5%
90c
Jan
3%
669
Par
Preferred
267/a Jan
Last
Sale Price
Coca-Cola
75
12%
23i4
80c
St., St. Louis 2, Missouri
Friday
■
STOCKS—
Century
313
9%
.
,
Established
Jan. 22 to Jan. 28 both inclusive,
American Investors common—
25
277/8
al5% al5%
a38%
„
.
a8%
igi/a
23
3%
95
7%
•
Jan
w—■:
30
0
101
4%. Jan
100
1,309
Jan
7
a45
iq3/4
..._1
Jan
12%
_
3%
St. Louis Slock
Jan
127
a6%
a58%
3%
5
90c
.
28%
-7% ~
Jan
95
Jan
New York Curb Exchange Associate
Jan
a36% a37%
7%
1%
Jan
Jan
5%
28V4
;
common
85c
Members
New York Stock Exchange
St. Louis Stock Exchange ■
Chicago Stock Exch.
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
Jan
12%
Jan
Jan
Jan
Jah
1
Jan
.
% Jan
%
Jan
7
80c
Edward D. Jones & Co.
Jan
•
-r'
—
1%
.
8%
Jan
50c
200
12
Jan
Jari
Jan
Jan
Jan
6%
569
101
4%
—
90c
95
■
'
.
8
1,528
16%
103
Jan
St. Louis Listed and Unlisted Securities
V
Jan
101
357
1%
4%
Jan
16% Jan
20
20
Jan
Jan
Jan
.
4%
3%
1,600
7
1%
101
'4-
r
Jan
297
'
«■
300 North 4th
310
a41% a43
12%
—25
>
1
_
a32% a32%
al6%al7
__
—
8%
.
80c
6%
65c
r
16%
101
8
:
5
Steel Springs—
Westinghouse Air Brake—L—
4-^W-'
8%
•
preferred
Jan
Y
50
74
••
80c
'
166
4%
"
10
/
'
"
a9 :
%
10
31
a36%
16%
101
~
4
3%
3%
16%
—w—r.'
al2% al2%
.
-
..100
..
100
'
34%
"
;
'
.
—*
Jan
20%
34% Jari
250
a25V« a25%
a36 %
„
Jan
20%
400
5%
.
Jan
6
'
5%
a
Jan
'
•.
250
3%
...
u
—1
Standard
Jan
;
Jan
24%
270
a35% a35%"
.■
'
-
"Ho
Brewing
Shamrock Oil & Gas
Jan
«.
50
5%
16% al6%
—
■
156%
555
•:
'--J-./'
.
386
4%
'
■
Renner Co
:
24%
a8%
•
common.
Walker Refractories
'
__
100
—"—5
Jan
14%
Fuel Supply.
Fireproofing Corp.
Pittsburgh Oil & Gas—- —•
Pittsburgh Plate Glass
Pittsburgh Screw & Bolt Corp
Jan
7c
20
.—IT"!
25
_"~25
Sulphur Co—
I"*"*""" •
Associated—IlO
United Air
6%
Jan
40
a36
1
Union Carbide & Carbon
Corp—_
Union Pacific Railroad
Jan
6c
135
a36%
•
Texas Corn
26
23%
15%
National
12% Jan
6%
41
*
Texas Gulf
Tide Water
a9%
a37%
13% al4%
a29V4 a29%
—,
—
Jari,
Jan
28 %
20%
36%
Mountain
Jan
300
a29%
Pennsylvania Railroad Company—50
Phelps Dodge Corporation
.25
Pullman Incorporated
——•
Pure Oil Co—/*
Studebaker Corp
5%
1,921
Sale Price
Lone Star Gas—
Jan
19%
.
18%
50
1.30
Pitt
Harbison
•
2,000
a
•
Standard Oil Company (Indiana)—25
Standard Oil Co (N J)——
_25
Jan
6%
Jan
4,575
20
Koppers Co preferred
100
34%
—1
Southern Railway Co_—
Standard Brands Inc
6:!'
Jan
20%
♦
Li—
5%
359
—-•
Radio Corp of America.
—^
.*
Republic Steel Corp—
——1•
Sears, Roebuck & Co
w*
Socony-Vacuum Oil Co———15
Jan
4%
25%
—•
:
Oil
38 %
a57% a59%
————10
—
4%
5%
39%
& Electric
Jan
a57% a60%
a
7
Inc—
560
175
5,118
2,136
20 %
common—___
Jan
5%
„
*
Co—.-t-
M)
5%
24%
Cprp——*
——
Car
Pictures
(A
36 y2
a45 % a46%
a59%
Co—
Co
Motor
Jan
*i-
24%
r;_——59%
Byers
15
12%
3%
American Aviation, Inc. -.——1
Packard
Jan
9
Jan
20%
,—50
Jan
700
al9% a20%
Montgomery Ward & Co Inc——*
Mountain City Copper Co—-———_5c
New York Central RR——
-*
Ohio
Jan
54
Jan
/
9
25
—•
—_•
32
Y!
1.436
al56%al57%
__
——*
International Nickel Co of Canada,—•
International Tel & Tel———
■*
Kennecott Copper Corp——
•
Paramount
27%
Par
5%
1,973
a37
—5
Co
277/a
Allegheny Ludiura Steel——-—.
6#
Corp—
American
__50
42%
Jan
8%
6
5%
39%
52%
6
5%
Jan
37%
a80
19%
a9%
25 v
*
Consol Vultee Aircraft Corp
—1
Continental Motors Corp
——1
Continental Oil Co (Del)——
5
Curtiss-Wright Corp class A—
——1
General Electric Co
—*
General Foods Corp——
——*.
Great Northern Railway—
North
5%
473
1,011
5%
——
'S-
1,030
5%
Duquesne Brewing
18% al9%
1.30
Commonwealth & Southern Corp.
North
Jan
Week's
Jan
7c
Works vtc—--13
Inc———
Jan
6%
Last
';'
——5
Corp—.—.———'
Boeing Airplane Co—
——
-5
Borden Co —„——
—15
Borg-Warner Corp
—
Canadian Pacific Ry
-25
Case (J I) Co--———
-—-—100
Loew's,
81%
Jari
5%
STOCKS—
28%
a6%
——--3
Libby, McNeill & Libby——
Jan
5%
Jan. 22 to Jan. 28 both inclusive, compiled from official sales lists
Jan
18%
jj
Bendix Aviation Corp
Iron
78%
20
42%
9% Jan
Jan
12%
Bethlehem Steel
Interlake
147
6%
_i
Coal-
24%
8%
al9%
a37 %
American Tel & Tel Co—.———100 a 157%
American Viscose Corp
—;—14
Anaconda Copper Mining Co.——50
Armour & Company (111.)—————5
Atchison, Topeka & Santa Fe Ry—100
a57%
Edison
80%
6%
53%
common
;
2.149
5%
a80
Sani Corp—
•
& Refining Co———*
Commonwealth
Jan
78%
78%
Corp preferred——25
28%
36 V2
5%
Amer Rad & Std
& Electric
Jari
8%
8%
24%
Jan
20
31
26%
Gold Mining Co——2-10
Columbia Gas
7%
Jan
Jan
Jan:
1.350
'
,
.32
30%
—
Co.
Jan
7%
common—
Jan
3
250
a34% a34%
Co—-—10c
Chollar G & S Mng Co—*
—I
Barnsdall Oil
5%
275
Jan
322
'
Mammoth Cons Mng
Baldwin Locomotive
348
8%
•
Pittsburgh Slock Exchange
Mining Stocks—
Aviation Corp
Paper
'
— ^
*
Amer Smelting
7%
——
-
Inc—5
California———-—-25
Consolidated Oil Co
10
•:
Jan
7%
7%
'
of
Unlisted Stocks—
26%
41%
Corp
Jan
^
255
23%
32
Co
Ce of California
-•
Oil Corp—*—
——--£
Superior Oil Co—
———20
Cons
Jan
Jan
9%
300
'
9%
23%
Standard Oil
_
24
52%
—;
Oil
Westmoreland
•-
38
3%
9
23%
Sunray
Black
134
'
—30
Southern Pacific
Alaska Juneau
26%
8%
common—
Jan
^6%
60
3%
25%
-
Jan
410
;•
:
9
488
a43 % a43%
—
Jan
Jan
31c
1,400
9%
Jan
Jan
5%
V/ 4
31c
9
■'
19
3,400
a47
31c
J
421/2
Jan
35
United Gas" Improvement—
Ex-stock distribution
Jan
Jan
19
;
Jan*
•
United Corp common—.;
$3 preferred
;
40%
10
9
Stores Co Ltd--——Southern Calif Edison Co Ltd
—25
6% preferred class B
—
5Va% preferred C
————23
Southern California Gas 6% pfd A—20
Universal
Sun
Oil
Transit Invest
Jan
*,/
34%
4.1,%
———
373
41%
36
,
346
52%
—:
preferred
Dome
Scott
Jan
Jan
75
6%
Sontag Chain
Oil
Salt
Jan
6%
31
Jan
35%
15
al9% al9%
Security Co ——————-----Signal Oil & Gas Co class A—
Sinclair Oil Corporation———
Solar Aircraft Co-,—--——J
Union
Jan
Jan
200
36
41%
6%
30%
al3%
'-2-'
—1
Transamenca Corp
Transcontinental & Western Air
31
a33% a33 %
Richfield Oil Corp common———--r
Ryan
48c
100
659
6%
30%
-V
common
Service Co common—Corp—
—10
Republic Petroleum CO common———1
51/2% preferred
Safeway
200
6%
•
Public
——
48c
Jv:
•
Western Oil
Rice Ranch Oil Co
500
'
Pacific Lighting Corp
Pacific
25c
'
preferred——————25
Pacific
70c
100
35
—
Jan
500
34%
——
1.15 Jan
v
'
30c
30c
Jan
—
Philadelphia Electric Power 8% pfd__25
Philco Corporation
Reading Co common—
50
1st preferred
—50
.
30c
20%
1
preference
Jan
Jan
——50
Philadelphia Electric Co
Jan
Jan
,,
100 •
.
1.10
1.10
Jan
16
75
al6% al6%
j
30c
100
30c
30c
^
■-
Jan
19%
•
Power & Light—:
Pennsylvania RR
4% Jan
157%
214
—•
Pennroad Corp
;
Jan
16%
Jan
20%
—10
-
National
Jan
..
—-1U®
Petroleum CoLockheed Aircraft Corp——
High
14% Jan
156
19%
•
-
Lehigh Valley RR
Jan
11
16
859
20
——_5
common—
Electric Storage Battery—
Motors—
Lehigh Coal & Navigation
Jan
<
'
.
Low
15%
7%
—-
General
Jan
9%
Jan
10
500
Range since January 1
High
14%
Co.——
Curtis Pub Co
Jan
92 %c
Jan
Wheel
Chrysler Corp
Jan
1,000
,
Budd
Jan
Jan
150
40
10%
10
265
8%
4c
1 ■
Jan
38%
130
48%
8%
Shares
156% 157%
—
156%
Asphalt Corp——
_>
.10
Budd (E G) Manufacturing common—«
Jan
7%
730
92%c92%c
..••V •!'
^
53%
*
—•
Tel———100
Barber
Jan
145
10%
48%
'
•
Jan
2%
,
Tel &
Baldwin Locomotive Works vtc—
13
Bankers Securities Corp preferred-—50
Jan
466
Jan
460
522
2%
10%
±
Lincoln
.
10
466
Sales
for Week
Range
'v-'
Jan
35c
500
--
~~~
8%
800
2%
.
;
.Class. B
'•
Jan
200
'
"
7%
Jan
12
■
Week's
of Prices
Sale Price
STOCKS—
Jan
Exchange
compiled from official sales lists
:Last
9Va Jan
21%
-1-.Z
310
a38% a39
.''
'
Bakeries class A—t
Langendorf United
CO
Slock
Jan. 22 to Jan. 28 both inclusive,
Friday
7%
35c
Company (F VV)—
*-•
105
10%
'
^
.
.
7% «u«7%
,
Holly Development Co—
Hudson Motor Car Co
Jade Oil Co—
—>
Lane-Wells Company
Jan
Jan
a52% a53%
Co—-----—•—2.50
2.00
Goodyear Tire & Rubber Co---Hancock Oil Co class A common—
Jan
52
2,615
2%
General Paint Corp common—
'
Jan
25%
77/a
466
Nat 1 Bank—100
& Co—-—
16 V2
Jan
'
General Metals Corp—
Gladding, McBean
Jan
Jan
00
195
Jan
Jan
35c
Jan
a39%
Jan
9%
8%
37
a39
41c
20%
35c
Jan
J
Jari
820
765
37
._10
Jan
1,260
12%
Jan,
13%
Jan
9%
12%
13%
Woolworth
5V2
21%
12%
Jan
55
12%
a49% a51%
a50%
12
130
a95%
44 Va
7%
J
Derrick & Equipment Co——5
Exeter Oil Co Ltd class A—-i
& Merchants
15
a787/a a78% ;
300
' a95
Jan
45
417
52
13%
a41% a43 %
13 %
a95
Jan
9%
Emsco
Farmers
■
■
Jan
a42 %
Jan
20 Va
21
Douglas Aircraft Co Inc—
Electrical Products Corp——^
:
50
a787/a
—~#
Preferred
Creameries
-
100
25%
53
-50
/
"
Corp..—.——100
—»
Consolidated Steel Corp———
25%
Jan
.100
25%
50
Jan
53
.—5
15%
270
1%
202.
;—
35c
400
16%
'■
'
California Packing Corp common—
Central
40c
16%
a21% a21%
Consolidated———l
Broadway Dept Store
23
Jan
1%
62 '
'
a52% a53%
a52%
Range Since January 1
580
a41
Westinghouse Elec & Mfa Co
4%
100
a41.
Western Union Telegraph Co——
12%
4,000
12%
44
5%
Shares
-M% " '1-%
'.
Warner Bros Pictures Inc
44
5%
1?%
44
1
Petroleum Company*——
Barker Bros Corp common—
2%
Jan
2
200
Sales
for Week
Jan
High,
Low
2%
2%
\
of Prices
-i———
United States Steel Corp
Range since January I
Shares
High
Low
,
2%
-50c
Accessories Corp—.
Aircraft
Bandini
.
'/
■
Corp (Del)
Sale Price
U S Rubber Co-i
for Week
of Prices
Sale Price
■;
United
Sales
Week's
•*'
•
official sales lists
28 both inclusive, compiled from
Friday
Last
STOCKS
-
a28 % a29%
345
BONDS—
St Louis Car 6s extended-
Scullin
Steel
3s—
-i-1945
1951
93%
91
93
93
93
93
%
$2,000
5,000
mm
Volume 159
THE COMMERCIAL 8c FINANCIAL CHRONICLE
Number 4251
Friday
Montreal Stock Exchange
Canadian
Week's
Sale Price
Par
Last
STOCKS—
Surpass
Sale Price
Low
preferred---———100
Shares
Low
10
112
9
High
Jan
50
112
Jan
112
133
Steel
Preferred
*
com—
9'A
100
—
Aluminium Ltd
common
•
Aluminum Co of Can pfd
..100
Asbestos Corp
i__
Associated Tel & Tel
Bkthurst Power
&
Bruck
Mills—
Bulolo
Gold
Canada
(old)
common
24 %
24
245
2%
Jan
8
Jan
10
8
3'A
8%
Jan
Jan
15%
6 %
100
20
Jan
7'A
Jan
108
Jan
21
preferred
Beauharnois Power
Jan
"B"„
Jan
8%
Jan
11%
250
Jan
11 %
Jan
305
31%
Jan
35
Jan
British
14,440
5%
Jan
5%
6%
6%
Canadian
500
41
Jan
44
Jan
Canada
125
32 %
Jan
34%
Jan
8%
Jan
9%
Glass
Jan
Jan
26
Jan
Canada
Jan
Jan
Canadian
1
27
Jan
27%
Jan
37%
125
36
Jan
38%
Jan
146
Jan
1,631
36
Jan
v.25
125
Jan
15
148
25
30
_
148
36 %
24%
Jan
30
Jan
5%
Jan
%:• 5%
Jan
275
5
Jan
5%
Jan
125
27
Jan
34
Jan
Canadian
14
13%
7%
•/
7%
9%
•9%
34%
.
,
7%
Cassidv's
Ltd
37
109
28
Jan
13
Jan
14
Jan
Claude
Commercial
Jan
Jan
118
Jan
118
Jan
26
150
Jan
150
Jan
7%
Jan
80
8
Jan
450
72
Jan
862
,
8%
Jan
8%
Jan
73
Enamel
&
,
Heating Products———*
English. Electric class B
Foundation Co of Canada.:
Gatineau Power
5'/c
*
General
Steel
Wares
common—
Jan
•
12
Hamilton
Bridge
Hollinger
Holt,
Gold
Renfrew
Howard
——100
Paper
5%
...
Preferred
14
14
Preferred
National
Steel
Ltd
—
City
United
Wabasso
Woods
Jan
7
Jan
5%
11%
8
30
88
325
13%
Jan '
6
Jan
Jan
7
Jan
Jan
Jan
Jan
Jan
Jan
Jan
15c
33
6%
.
10,318
Jan
20c
Jan
10
Jan
10
Jan
5%
•V
Jan.
6%
Jan
56 %
220
24%
Jan
26%
Jan
28%
465
28%
Jan
29
Jan
%
4%
50
3%
Jan
4%
Jan
7%
1,570
7%
Jan
"■8%
Jan
16 %
50
Jan
108
''h: 345
Power
&
Paper..—
Paper Co
*
32
Jan
28%
Jan
150
24
%
737
50
37
Jan
29
Jan
Jan
24%
Jan
19'A
Jan
21
Jan
17 Va
Jan
17%
Jan
25c
Jan
35c
Jan
16 Va
Jan
18
Jan
18
Jan
\
'
19%
19%
Maple Leaf Milling Co Ltd———-*
6%
6%
25
16
16
60
200
Maritime
7%
Teleg and Tel Co Ltd..
preferred
10
3 71/8
Massey-Harris Co Ltd 57c pfd
100
Melchers Distilleries Ltd preferred—10
20%
20%
Jan
Montreal
275
17%
Jan
14%
108
.
—*
10
Jan
95
Jan
Jan
MacLaren
&
Jan
8
Jan
125
Jan
12'A
John
.—
...
Refrig & Storage vtc
>S3
Jan
Jan
Moore
11 Va
Jan
Noorduyn
23%
23%
10
22
Jan
24
Jan
Nova Scotia L &
94
94
95
19
93
Jan
95
7%
7%
1.25
*
com
6%
92
.
v
19%
Jan
6%
Jan
Jan
16
16
Jan
Jan
17%
Jan
19%
Jan
21
7%
Jan
7%
Jan
1.25
'"v
10
Jan-
17%
625
1.25
.
Jan
1.25
Jan
Jan
Jan
14
14
75
12
Jan
14
Jan
•
'
,
preferred—...
cum
Corporation
*
Ltd
Aviation
26
*
P 6%
91%
Jan'
.37
37
55
36
Jan
0
7%
7%
225
7%
Jan
7%
Jan
"A".—*
4 %
4i/2
16
4%
Jan
4 Va
Jan
new
—*
5%
5%
51
5%
Jan
5%
Jan
pfd..—100
105
105
47
104%
Jan
105
Jan
20%' 20%
25
£0%
Jan
21
Jan
Jan
Southern Canada Power 6%
112
111
Jan
112
Jan
Walker
105
105
5
105
Jan
105
Jan
$1
25
Jan
24
24%
355
23
Jan
——*'
14
14
10
13
Jan
14%
14
14
35
13%
Jan
14
65
25
65
Jan
65
24%
65
9
1,055
8
100
50
50
50
25
50
Jan
50
Jan
16%
16
16%
440
16
Jan
17%
Jan
7212
72%
5
72
Jan
72%
Jan
126
Jan
127
Jan
Jan
22
Jan
*
—
*
100
126
100
Cons
-:
8%
8
_*
*
22
v 127
5
21
22
8'A
9'A
Jan
Jan
8%
Jan
19%
50
18%
Jan
I!
8,822
18%
25
18
Jan
18%
Jan
'35
35
50
35
Jan
35
Jan
23
23
23
90
23
Jan
24
Jan
34
33 Va
34
325
33
Jan
34
50
40
—
43
43
15%
15
15%
17
17
17
25
l*
_l_*
Jan
41
Jan
43
3,710
13%
Jan
15%
Jan
10
15%
Jan
17
Jan
Jan
51'A
•
...
common...'.."
50%
51%
1,670
48%
Jan
51%
25%
25 Va
340
23%
Jan
25 %
Jan
14
13%
14
75
13%
Jan
14
Jan
4%
4%
25
4%
Jan
5
Jan
24%
4%
24%
216
2*%
Jan
7
7
24%
Jan
.185
7
Jan
8
Jan
20
86
Jan
87
Jan
10
97
Jan
98
Jan
52
55
50
Jan
•52
Jan
7
435
87
97
.
87
97
52
—„—*
63A
6%
21%
...
6%
Jan
7%
21%
2,290
19
Jan
21%
Jan
95
95
430
93
Jan
95
Jan
13
13
118
12%
Jan
13'A
Jan
10%
10%
60
99
99
101
101
•
9
Jan
80
..
10%
Jan
•
3%
50
15'A
99
Jan
5
101
Jan
3%
1.915
3
Jan
3%
Jan
14%
15%
940
14
Jan
3.5 Va
Jan
51
.TOO
53
210
46%
Jan
53
Jan
3.
-
99
101
•
*
Jan
15%
15 3
16%
1,795
15
Jan
3.6%
Jan
10
10%
60
10
Jan
10%
Jan
64:
64
40
64
Jan
64
Jan
—25
70
70
77
69
Jan
70
Jan
common—.—.*
11
11
10%
Jan
11
Jan
Jan
154
*
t—*
—J—•„ *'
154
8
7
%
1
5
8%
"S
4
4Va
125
6
75
154
Jan
8%
Jan
4
Jan
4%
Jan
5%
Jan
6
Arno
Copper
Mines
Beaufor
Limited—
1.85/
Buffalo
Gold
Cartier-Malartic
Gold
6.500
15c
Jan
18c
Jan
6,000
2c
Jan
3%c
Jan
9c
6,700
6c
Jan
9c
Jan
62c
64c
1,100
40c
Jan
64c
Jan
6%c
7%c
14,600
4c
Jan
7%C
Jan
Ltd.—-•*
9
9
1,500
8%
Jan
9%
Jan
Mines Ltd-..*
75
75
100
68 %
Jan
'4
4%
5,400
4c
5c
37,075
10%C 10 %c
1,000
Ltd.—i—1
Mines
Ltd—._1
Central
Cadillac
Gold
Mines
Century
Mining
Corp
Ltd—.—1
Cochenour
East
Wilans Gold
Malartic
Federal
Gold
i
Ltd
Mines Ltd——1
Ltd
Mines
Kirkland
Francoeur
...100
2.08
700
4
Jan
2%c Jan
8c
2.08
75
!
,
■
Jan
i
4%
Jan
5c
Jan
•
12c
Jan
,,
Jan
!
Jan
•'{'?
Jan
Jan
2.08
—1
1.93
1.98
1,400
6%C
6%c
2,000
6%c Jan
6%C Jan
•
43c
43c
200
38c
Jan
44c
Jan
—1
30c
30c
,39,000
30c
Jan
31c
Jan
;
Ltd———1
3%C
3%c
31,785
lVaC
Jan
3%c
Jan
•"
11c
14c
162,480
14c
Jan
9.15
9.15
50
9.15
Jan
Ltd
118
pn %
243
78
51%
50
50
6%
1,325,
6%
6.3 Va
117
64
120
Howey
J-M
Gold
Consol
Gold
Joliet-QVebec
Kirkland
Ltd.^
1
—
Gold Mines Ltd
Gold
Shore
Lake
Mines
Mines
Addison
Kerr
Ltd
Mines
Rand
Mines
1
Ltd—...
—1
1.93
Jan
1.98
Gold
Leitch
Mines
.
9.15
"■
796
4 VeC
Jan
6c
50
15%
Jan
16 Va
Jan
6.20
100
6.20
Jan
6.25
Jan
1
1.26
1.26
1,000
1.26
Jan
1.26
5c
<•;
Madsen Red
Lake Gold Mines.
Mclntyre-Porcupine
Normetal
Mines
700
1.73
I
Jan:^
Ltd
1.85
1.88
Jan
3.88
Jan
59 %
59%
200
59 %
Jan
59%
Jan
*
75c
78c
1,200
75c
Jan
80c
Jan>,%
1
Mines
Mining Corp Ltd——
Gold
O'Brien
1
Ltd—..5
1.47
1.68
6,325
75c
Jan
7c
1.68
Jan
/-M
Jan
n;v..r
.
,
Pandora
Cadillic Gold
6%
Jan
Jan
Jan
80%
51%
7%
Mines
Ltd
1
9c
9c
2,500
Jan
9c
Dredging Ltd..„1
3.40
3.40
100
3.40
Jan
3.45
Jan V
1
1.63
.1.63
1.63
Jan
1.63
Jan
1
2.25
2.25
600
2.00
Jan
2.25
Jan
8C
9C
5,300
Jan
9c
Jan
Shawkey Gold Mining Co Ltd———1
Sheep Creek Gold Mines
—50c
4%c
6c
19,200
2%c Jan
6c
Pato
Cons
Gold
Pend Oreille
Mines &
Pickle
Gold
Red
Crow
Crest
Gold
Sherritt-Gordon
Siscoe
Gold
Sullivan
Metals
Mines
Mines
Ltd—
Mines
Mines
Co
Ltd
Ltd—
1.00
Jan
Jan r
1.00
1.00
300
1
73c
75C
700
71c
Jan
75c
Jan
1
—
Ltd——..
4o
m
60c
65c
8.700
53c
Jan
65c
Jan
1.00
Jan
Waite
Cons
Mines
Ltd
—1
1.63
1./T2
2,750
1.62
Jan
1.73
Jan
Amulet
Mines
Ltd———1
4.70
4.75
400
4.70
Jan
4.75
Jan
Jan
Jan
-
.*
'; ^
Jan
16%
6.20
;
i
I
Jan
16%.
—1
Ltd
Oils—
Jan
East
15
62
Jan
66
Jan
Home
480
115
Jan
120
Jan
Royalite Oil Company Limited
a.
5c
3%c Jan
*
Ltd'——
Lamaque Gold Mines Ltd
Crest Oil
Oil
Co
Co Ltd—
—*
Ltd
10%C 10%c
*
—*
479.
2.08
'
Ltd—— 1
Mining Co
Mines
Jan
16c
Mines
Malartic Gold
Canadian
1.85
3%c
Gold Mines
Canadian
Jan
3c
Bidgood Kirk Gold Mines Ltd—1
Bouscadillac
1,75
8c
*
Ltd—————.1
Mines
300
15C
Ltd
Corp
Ltd—.—--——.——*
Gold
1.85
Jan
51%
63A
64
Jan
7%
19
—100
page
154
5'A
*
*
154
"■
8%
"4%
———.ilO^
—
Aldermac
Brewery
Jan
64 ,v
Power——2-
common
Walkerville
Jan
W—
&
preferred—
cum
Jan
'■ 37
Jan
20%
common
—
G
93
Jan
25%
97/
.1
Ltd
Jani
108
Jan
.......100
„—„
common..—.
Corp
Jan
Jan
65
Co—.——.
108
Jan
—3
—
(Hiram)
Jan
90
26%
50
Jan
Jan
4%
yPk 5
Jan
112
49
Jan
93
20
112
26
Jan
4'
108
2,005
Co
Jari
46%
■
93
26'A
Bridge
26
10
125
300
108
22'A
Sarnia
Transport
;
49
4%
preferred—.100
26
23
26
49
4 %
Ltd——
*
—
see
10
16%
Power
St
Jan
>
footnotes
Jan
1.50
4,700
223A
Mfg preferred— !•
For
Jan
25c
A———*
Jan
Cotton
Preferred
1.50
93
25c
Corp
21%
1
Winnipeg Electric
I
A
660
Biscuit common...
Preferred
Jan
171/2
14%
*
Corp.
Jan
48%
17%
30%
preferred
100
Transit common—*1
Rapid
Steel
54%
Jan
20%
Ltd
22 %
—
Tobacco
Jan
47%
*'4
4
•
cum
Lake
6%
300
'
Twin
25
28%
*;
21%
common
new
40
49
19%
Jan
common
—
6
140
24%
Jan
L-——i_——_-?100
Brothers
100
51
24%
Jan
Paper preferred——i.100
Preferred
Viau
1%
Canada
13%
——————..100
Canada
6
*
_
21%
preferred-.!—'
of
Tuckett
of
10%
common—
Canada
Tooke
Motor
29
Shawinigan Water & Power——*1
Co.
10
•
Linoleum
common—
Jan
•
Southern
20c
*
Utilities
110
100
Steel
:
6%
48%
120
•
Corp 'common———..
preferred
A
Lawrence
Jan
20c
*
Ltd
Co
preferred
Class
Jan
7
20c
A
Quebec Tel and Power
Lawrence
St.
Jan
Jan
2%
6 %
Jan
common
Power
6
'
Jan
3.5%
Quebec Power
St
Ford
1,142
Corp of Canada—
Saguenay
50
48%
Fraser
2,467
i——..100
Paper,
Preferred
Jan
6%
Jan
Products
Rolland
Jan
1.85
180
15%
Preferred
5%
Jan
10%
6 %
50
....
Price Bros & Co Ltd
59
58%
Jan
6%
15%
Car
Ltd;
Jan
25
11%
Page-Hersey Tubes
Penmans
Jan
174
350
14
Ottawa Electric Rwys_—
*
Ottawa L. H. & Power common..—.100
Power
156
Jan
10%
2%
15%
Ottawa Car Aircraft
•
Jan
172
Jan
15%
Mines Ltd
Ontario
152
60
2%
15
Corp new...
Niagara Wire Weaving
Noranda
38
174
960
Provincial
Mortgage—
Ogilvle Flour Mills
30
152
2%
Jan
—
Steel
Jan
10%
.
2%
Jan
——_r
Breweries
Jan
15C
31
& Power
National
10%
Jan
Jan
17%
Jan
23
common
&
110
Jan
9%
15C
common..
Tramways
Jan
15
220
Jan
—
Loan
10
110
15c
Jan
—
Montreal Telegraph
Jan
15
155
15c
22
(Robert)
Montreal
50
17%
13
29%
Sons Ltd
Montreal
10
110
17
12
155
—
rMont Light Heat
10
110
17
34
29%
..
Preferred
Jan
Jan
655
Candy—...
Lindsay (C W) preferred
Massey-Harris
;
Cottons
Jan
99
29
11
com—* '
Secord
Montreal
44
Jan
32
13%.
Service preferred...100
the Woods common
•
Mitchell
Jan
90
29
29
Public
S)
43%
73
Jan
——100
(J
25
95
11
23
Preferred
Mitchell
44
95
13
31
of Canada
Oil
44
94
62
C
Petroleum
McColl-Frontenac
20%
105
30%
International
&
Jan
13
30'A
Paper common—.'.
(John A)
20
pfd—100
11
25
,—:
—
International
Lake of
1,205
Power Corp of Canada 6% 1st pfd__100
67« non-cum part 2nd preferred—50
Nickel
Laura
20%
5
Sec
Corp
Ltd
14
—*
International
Lang
20
Candy Shops—.—„—1
29'/a
*
com
common
Power
Jan
20
Jan
11
Paper Co Ltd
Dairies
Farmer
5
_.100
International
Jan
24
—2.50
Paper
•
common
Acceptance Corp
Preferred
22%
Jan
1.50
T
—
-
Can
Preferred
Bronze
Jan
23
'
Bav Mining
Imperial Oil Ltd
Imperial Tobacco of
International
21%
6
Jan
-;v
108
425
24
11
International
7%
ii
130
14
108
21%
21
13
Jan
Jan
301'
95
21%
21%
125
*
common
12%
7%
6
108
Jan
Companies voting trust..—___*
International MetfU Industries—'
Jan
25
8
125
6%
Jan
54%
.
95
10
100
—
93
Jan
12
8
Jan
54%
160
95
86
50
7
8
125
Jan
Jan
1.50
Diversified
Preferred
Fanny
108%
6%
5%
125
36
—15
——
Consolidated
Eastern
Jan
54%.
12
Jan
125
Gen'l Advertising Ltd...* '
Alcohols Ltd common
*
Consolidated
Donnacona
11%' Jan
7%
5%
10 %
Ltd..—..*
Co
Products Ltd
Neon
Jan
214
..
Jan
40
preferred
Jan
495
12%
109
•
Hudson
Jamaica
11%
100
common
Preferred
Industrial
Jan
10
3%
Jan
Jan
9%
Jan
93
7-%
—_5
common—.100
Smith
85
5
54%
*
.
Preferred
.
65
195
common
Catelli Food
Jan
16
Jan
85
_•
Mines
8%
93
109
Goodyear Tire & Rubber pfd <1927)—50
Gurd
(Charles) common.—.
—r*
Gypsum. Lime & Alabastine—
60
5
3%
Jan
85
100
——
9
Jan
Jan
93
;_.___100
Preferred
9
9
—100
preferred
4%
3 %
10
6%
Woollens
15
10
6%
Oilcloth &
25
Jan
10
"
Engineering Works Ltd—
108
3%
common—
Dominion
^
Jan
7
Dominion
205
2%
1,865
Jan
3%
217
2%
Jan
5
3%
58%
8%
15%
common
preferred—__
5%%
*/-:
5
3%
2
9%
3%
High
Jan
58%
Jan
15%
Low
36
2%
37%
1
Jan
3%
31
Range since January 1
8,470
6,605
100
...
Company.——
7%
15%
3%
172
9%
*
2%
152
350
*
—
Shares
High
•
847
9%
of Prices
—.100
Dominion
Corp
Jan
Pap Inv—
Westinghouse
Jan
%
&
preferred
cum
Canadian
Jan
5
7%
1
Jan
"B"
preferred......
Jan
8%
1
Jan
30
Ltd
Vickers Ltd
23%
73
*.
29
Jan
cum
Canadian
109 %
.
8
8'A
Jan
Jan
5 %
Jan
41%
10
150
72
Paper
240
Funds
3
pfd—100
;
Marconi
Pwr
500
118
common...'"
E.'ectrolux
Jan
_*
5'A cum preferred.—
890
14
150
11
Jan
30
1,315
*28
118
Jan
27%
235
35
36%
25
—.>.—25
Dominion Tar & Chemical
Dominion Textile common
35
%
10%
39
j
7%
Ltd..
Industries
Canadian
33
109% 109% ;•v°26 %
Jan
233
Canadian'Internat'l Invest Trusts—
205
30
*
137
Jan
*N
preferred
675
29
B-
Orvden
7%>
Jan
5%
30
100
Coal
48%
125
Vinegars
5%
28%
—
——
&
.•
170
—
Preferred
%
125
5,561
.
Dominion Steel
45
42%
*
common
Jan
232
35%
Canada Wire & Cable 6%%
pfd
100
Canadian Dredge & Dock Co Ltd——*
Canadian General Investments Ltd
*
27%
37%
11
—
Jan
135
10
Low
>.*
25
41
Preferred
———..100
Dominion Bridge
;
•
Dominion Coal preferred
—25
Dominion Glass common.
—100
Sugar Co.
621
10%
_*
Dominion
245
40%
—
239
223
*
9 '
5
10%
Ltd—...
25%
30
Crown Cork & Seal Co——
Distillers Seagrams
&
5%
25
Packers
Canada Malting Co Ltd
Canada Northern Power
5%
Canadian Pacific Railway
Consolidated Mining & Smelting
Consumers
Columbia
34
——
Locomotive
9
137
Jan
44
125
30
Jan
233
'
7%
Jan
43
Canadian
Class
133
240
Sale Price
100
10 .:
>
'
Canadain Foreign Investment com—
Ind Alcohol common—
Jan
Jan
3%
34%
146
45 Va
————————100 f
v
-
common
6%
Jan
27%
————————100
preferred
Paper
2,700
8%
37 %
&
Corp Ltd."
*
Bathurst Power & Paper Co Ltd "B"_*
Belding-Corticelli 7% preferred
100
British American Oil Co Ltd
*
8'A
"25
*
—
Canadian Converters ——————100
Cottons
v'v
stocks—
Abltibl Power
32%
•
•
25
common——*
104
V :7%'
34%
Va
250
20
A 11
34
845
105%
20
~6%
6%
7
6%
104
43
135
155
Jan
inclusive, compiled from official sales lists
Week's
Friday
Sales
Last
'or Week
Range
Par
Jan
;
-
v/t:/?
Jan
Jan
15%
11
Jan
Jan
133
232
Canadian
Jan. 22 to Jan. 28 both
Jan
1,400
8'A
134
150
20
Montreal Curb Market
Jan
Jan.
15%
:_*
A
-
Jan
23
3,917
15%
•
6
55
137
Jan
17
•
134
239
■
232
Jan
Jan
:
—
Celanese
3
15'A
155
;
21%
15
2%
50
preferred
23%
24
Jan
Jan
15%
common—
Canadian Car & Foundry common
New Preferred
Tlo
13%
153
144
106
•
Preferred
950
i.8
,*
Bronze common
Canadian
15%
21%
100
133
134
Royal
Jan
16%
,
Jan
Jan
Jan
29'A
16%
Preferred
Canadian
22%
Jan
24
—.*
18
27 Va
Jan
Jan
29'A
-5
Power
Breweries
48
23%
9
10
154% 155
*
preferred
Canadian
Jan
320
47
*
:
Northern
47
22'A
*
.
A
Porgings class "A"
Steamship
5%
23
High
Jan
Jan
2
Jan
14%
15
19
27
133
—
Jan
Jan
29'A
47
*
—-
Preferred
Canada
9
8
90
98 %
22
22'A
_*
Dredging——
Canada
Jan
70
155
Cement common—
Canada
Jan
8
1100
—
Silk
100
•'
29'A
*
Columbia Power Class A—.
Building Products class
Jan
275
—50
—■
Paper class A—*
Class "B"
Jan
Jan
96%
98
preferred-—
Bell Telephone Co of Canada
Brazilian Traction Lt & Pwr
British
89
88
97%
97'A
,
-
Jan
190
90
96
97%
8
3.0%
2,121
90
97 %
Amalgamated
Electric Corp—
Anglo Canadian Telephone pfd
9%
9%
25
12
27%
151% 152
Jan
.
Algoma
27
Banks-
Flange since January 1
High
112
Range Since January 1
Low
19
for Week
of Prices
Par
Agnew
27%
Shares
High
19
Sales
Range
,
LOW
official sales lists
Week's
Friday
for Week
of Prices
Funds
Janr"22 to Jan. 28 both inclusive, compiled from
Sales
Range
Last
stocks-
I
3.35
-
20%
1,000
IOV2C Jan
3.25
3.50
20 %
70
Jan
20%
Jan
10%c Jan'
3,55
21
Jan
Jan
.
j
THE COMMERCIAL & FINANCIAL CHRONICLE
478
,'
%;."7
Toronto Stock Exchange
Last
Range
of Prices
Low
High
Shares
Par
*
—-—100
preferred
Gas & Oil Co—_____
I--*
Abitibi
& Paper common
Power
6%
Acme
3
30%
3'%
36
8c
Low
-
Anglo Canadian Oil
Anglo-Huronian Ltd—
Aquarius Gold Mines.—;——.—— 1
Arjon Gold Mines—
1
Toronto
of
Bread common
Barkers
46,000
42c
8%c
4,000
9 Vic
12c
3.25
-
72,047
3.20
Jan
150
150
25
245
2
232
233
27%
11c
15 'A
52c
50c
56c
235
Jan
10c
23%
21%
15
Jan
56c
Jan
Jan
2.45
15
Jan
1.00
95c
1,860
80c
Jan
65c
530,140
37c
Jan
65c
40
43'%
Jan
45
Jan
10
1
17
17 %
preferred——
Mines Ltd—,
Bonetal Gold Mines
—
(
17
269
V
9 Vic 10 Vic
11%
280
12
17%
Jan
Jan
10 %c
Jan
24c
Jan
Jan
11%
23
21%
23%
2,982
21%
21%
21%
32
820
21%
Jan
23%.
24
55
77
,7 12
Jan
Mines.—7—7———.—771
Oil
*
*
British Columbia Power class A
*
British Dominion Oil—
"
Broulan Porcupine Mines. Ltd
1
Brown Oil Corp
——
*
Buffalo Ankerite Gold Mines
*
Buffalo Canadian Gold Mines
*
Building Products Ltd—
*
Bunker Hill Extension Mines———*
American Oil
British
Oil
Camp "'Bird ———
Canada Bread common
245
24%
81c
93c
Jan
Jan
7%c
Jan
4.35
Jan
International
9%c
Jan
Jack
15%
Jan
17
Jan
Jacola
3c
Jan
Jan
Jason
24c
1,500
;
—
Corp
Packers
2.23
Jan
Waite
Jan
Jellicoe
Jan
24c
J
M
9c
Jan
6%
Jan
Kerr-rtdaison
7'/4
Jan
Kirkland
Hudson
Jan
20'A
Jan
Kirkland
Lake
45;
Jan
Jan
Steamship Lines
Canada
Preferred
—100 ,.150
•
11
—50. a. 34'%
*
Kelvinator
of
Canada Wire
Cable class A
&
Lake
145
Jan
150
of
Canadian
Bank
Canadian
Breweries
100
Commerce
Shore
Car & Foundry
Canadian
New
Celanese
Preferred
Canadian
Canadian
Industrial
Canadian
Locomotive
Malartic
Mines.
Canadian
Oils
Pacific
Rv..
147
Jan
Coniagas
Mines
Mining
Imperial
Cosmos
Delnite
144
Jan
15
Jan
45
230
147
51%
Jan
L
—
5%
Jan
Maralgo
34%
Jan
Jan
>1.75
1.90
Jan
McLellan
1.70
1.75
200
1.00
Jan
7.
1.75
Jan
1.78
1.90
7,400
71.62
Jan
7:: 1.91
Jan
McWatters
225
8'%c
Jan
13c
17c
Jan
35c
12c
1.87
2.08
80,425
11%
11%
*"21%
—.
—
*
—
Dominion Woollens &
East
Crest
—
355
Economic
Eldorado
*
—.
23
185
Trust
1
Mines
English Electric Co of Canada A—A
Class
B
10C
3%C
7
Shops
Fleet
Aircraft
162
23
23
22
9%
Fleury-Bissell
For
Gold
footnotes
Class A
Mines
7>
see
page
479.
of
Corp
Grocers
&
Jan
12c
Jari
Jan
Jan
70
'■'
Jan
14
14V%
Jan
ll%c
Jan
13'%
Jan
'14'A
Jan
2c
%•;
Jan
6'Ac
139,217
4c
1.07
Jan
6%c
Jan
Jan
1.18
Jan
22%
85
22'%
Jan
22'%
3.55
3.70
3,180
3.40
Jan
3.70
Jan
ir&L
2C
2%C
12,500
l'%c
Jan
3c
6'%
6'%
275
0'%
Jan
7
14'%
■■'-:•
14%
50
.14'%
Jan
15
5c
Jan
'
Gas.7—7.
99c
Jan
Norden
7
105
Jan
Jan
61
Jan
1.40
Jan
1.56
3%c Jan
5%C
Jan
Jan
8%C
Jan
Jan
24c
Jan
Jan
40c
5V%c
4%C
5%C
59,500
8c
8c
80
11,500
21c
21C
23c
4,000
;7
32c
40c
2.08
80
48
39c
39c
42C
11,620
:7
.
350
7"'"
5
4%
13%
14c
-26.200
9%C 11 %c
19,400
Jan
Jan*
>
Jan
162
Jan
;
Jan
23
Jan
Jan
23
Jan
31
29%
Jan
Jan
'•■7.7%
*
8'%
Jan
106
Pacalta Oils
22
Jan
49
Jan
2'%
Jan
125
1.95
*
10
Jan
Jan
Jan
Jan
1,070
9'%
Jan
10'A
140
27%
Jun
28'A
Jan
8,000
8C
Jan
8%c
Jan
19%
19%
•'
15%-
_»
10'A
10
•
1
——___*
15
■
15
•■■:;.
19%
Jan
18
160
59%c
Jan
170
Jan
Jan
17
Jan
15%
Jan
13%
150
1.070
'•
170
170
Jan
69c
Jan
Jan :
1
68c
2.48
2.35
2.55
5,945
1.89
Jan
2.55
Jan
•
51
50%
51%
1,775
48'A
Jan
51%
Jan
7C
7c
3,000
4'Ac
Jan
7C
Jan
62,568
4%c
Jan
14c
Corp
15,830-
75c
Jan
87c
Jan
55c
Jan
64C
Jan
63c
69c v
12'%c
10c
14c'
80c
75c
12,200
80c
Ltd—.
*
'
'
'
.3
•
•
55c \ 56cv>
7 1.25
common...7___.7_7„«
:
37_—
5
1,600
1.25"
'
•••'_>•
Mines......7.7——...j
•
-
MinesA._i_^7377—7...
1
'
t.
*
63C
43c*1"'
-
:
■
.
7
'-Page-Hersey Tubes i._7i-™77_7.7__—1
Porcupine .■.■Mines'' Ltd_73.7_—•
/■'
'
,
"
1.35
4'%
1,700*
-
■
1.38-'
V:
Jan
42c
Jan
"57 C
Jan
25"'v--
9,325
Jan
70C
6%
Jan
Jan
-97
'
■
^
1.29
:■
:
1.68
Jam-
7%
Jan
3c
68c
15,500':
100
•
4%
r
;
;
;l"
Jan
Jan
"
■
Jan
1.25
-
Jan
't32,000%.'^, V"
75C''1
' 97 •"*
Jan
63c
-
•
l.
1.20
■
Jan
r" 1.37
"
*'41,238-
7
4V4C''
•
g?
'77
67c
7
7
••
'7 3%'C
Refining* 77—'—..77777.* 7';; 75c '^'■''700
Jan
'
2,000
43C 48»%C
3^__*7-_-|._lA7_7,7'7j7777*7iv: 3%C
^Pacific Oil &
:
'■C-J
25
4%
1.68^. "45,085:
4%
i.f,87>
'•1.45
-
65c
f
Pamour
Jan
28
Jan
Jan
44c
8%c
-Orange Crush preferred
Jan
Jan
Jan
10
Oils
Omega Gold
37 %c
951
■■.■'i::
Jan 'v
Jan
1.70
1.90
Jan
80
.5
Preferred
7
Jan
Jan
8%
10
Jan
105
;■
2.15
Jan
Jan
19
49
1.75
.
Jan
46%
48'A
9%
c
1.85
Jan
74'%
•
617
21
49
1.75
10
.3...
Oil
O'Brien- Gold
.-Okalta
19%
8»A
397
22
21%
;
18'%c
1,225
79
7c
237,800
1.99
.3
37 %c
* 7
—
Mining
Star
Jan
57%
31,705
♦
; Northern Canada Mines—'—
North
Jan
104
1.330
1.56
Oil
Normetal
8
120
61
1.42
Corp—7—1
Norgold Mines
i._„
l
Jan
357
105
8c
Noranda Mines
t
8'A
27%
Negus Mines
Nipissing Mines
Jan
Jan
8
100
Jan
Jan
Jan
21
Jan
104
1.47
1
Trust
Jan
8c
9'%
P% Jan
19%
.3
National Sewer Pipe class A
National Steel Car—
18c
730
59
*
;
fi
185
21
23
National
35
'
•
' 1.0
Jan
7%
Jan
Jan
•
Jan
23
8,750
9
20%
105
100
common
Jan
9%
Jan
Jan
...20
Ltd
41%
4c
20'%
.-7
.*
15'%
Jan
7c
6c
8%
2.02
134%
Jan
6%c
1
.—
Petroleum
Jan
31
.
;f;
—77——7.A3725c
Co
Preferred
National
22
10
12 %C
•^
Jan
4 '% C
Jan
-"75c
Jan
11
98 %: Jan;
Jan
-
1-.45
Jari
*
9c
Jqn
Jari
1
'
270
7
•
4
210
11
~25
29
29
31
165
1.31
1.28
1.42
44,300
.
Jan
4'%
Jan
9c
i
9%C Jan
1.66
13
29
Jan
Jan
■Pandora
Jan
13%
Jan
Jan
14c
Jan
12'%c
Cadillac
Partahen
}
; Penmans
Jan
1.99
Perron
Jan
Jan
-
Jan
.,,32%
Jan
1.15
Jan
1.42
Jan
V
Ltd
'
Gold
Gold
Mines7_777_—11"
&
'
19%
Jan
22
Jan
2'%
Jan
3
Jan
Powell
3.60
400
3.40
Jan
3.90
28%
Jan
29
1
28%
28%
29
765
4%
4%
4%
100
6%c
6'%c
7c
28,200
75
24
,24
"23%
24'%
1,015
41c 44%c
21,600
15
Jan
7
<
"
.
Rouyn
Voting trust
Power Corporation
Premier Gold
4%c
Jan
7c
Jan
Pressed Metals
•3%
Jan
4'%
Jan
Preston
East
;v
"*'118
1 is
' 7i
1.42*
Jan
7
of
.1 '
America.*..*"
Dome
.3
__7.._.___*
Mining Co—tL
Mines
___,1
—-«__1
•n.
..
2.65
Jan
24
Jan
Jan
25
Jan
33c
Jan
46c
Jan
Prospectors Airways __7__
Queenston Gold Mines——
Quemont Mining Co
——,7—
Jan
108
.50'A
Jan
17
2126
1
2.45
119
1.45
Jan
• 6'%
'96c
Jan
'2.57
2.57
2.70
13,637
2.32
Jan
•7
Jan
6%
35c
35c*
*
35c
1.20
1.00
52c
46c
46c
t
Jan
38c
1,000
35c
Jan
1.25
137,685
75c
Jan
236,655
11'/8c
Jan
63c
Jan
Jan
75
'
*
Jan ?
Jan
4,000
215
Jan '
Jan
1.48
7
7
•-
Jan
•1.15 Jan ::
Jan
1.05
7
Jan
1.26
7
7
6%!
6%'
Jan t'
1.24
">
1.00
.
1
*
43c
Jan
2.25
"
38,800
'
••7%c
Jan
v-1.84
115
37,580
'1.24 :'s1.45*
1.24 '"1.45
1.00
.
119
1.00 vJan
13%
1,3751
1.48
,
'''•>.1.26'
iv1.26
'
'
•
24
23%
-
,
Jan'
50'A'Jan
•
16,635'
*100
8,590
■
———7—
Jan
.
■
1.45
5%
,
v<
:<;,,'1!01 -T.IO 'l\
i;01 '"i.10
.7""''.•"'■-17 :
'17
17
* 2.21 : ; * 2;15 ' 2.26 V.
245 2.26
K'8
2.30
i 77';'lu-s2.30 ■ 2.35 v,;
Gold_7i_7—*77*3.77^1-
Jan
4
3'%c Jan
43 c— 159,117*" r ^28c
'39C
1.02
El^ctrotypers.—*
8
,
-'" •'■V-"'7c';*: Jam
71.900
common;,.*—i..., 7'• 50'A: 56'%-'"
"50'A: 50 Vy*'": 7.5
30
22
5,600
9C
"'4c ?-.'•• 6"c "i
'40c
Mines*v_i737_77'7l--7_._1
Pickle-Crow
j
""'
:
Photo; Engravers
;
81%C
- ;
77
Mines..' 5%c
Mines!Ltd-.7..577_—l :;,'
-Paymaster Cons
-
14'%
Gold
Malartic
Gold MinlSSi—*„..l ;
Pionteer Gold Mines of! B C7_——7.1% •
Porto Rico preferred-i—77*._7_—7.100
4'%
6%c
60
•"■■
450
1
common—.—
Jan
27%
6^
25
42c
Corp
National
Jan
Jan
22'%
1,035
77':, 7 375
2'%
24
14
13%.
Jan
Jan
22'%
•
Jan
155
50 .7.
29,435
23%
Jan
1.70
Jan
12
8%
4
Jan
109
14
*
Jan
Jan
1.99
Too..
preferred..-
Ford Co of Canada
Francoeur
.V
5%
2%c Jan
992
77'7:
31
22
•,:"■:
9.75
50c
3.70
Canada
108%
9%
106
10'-";
:■■"
14%
Jan
'
7-:
130,500
4'%c
>
70
14%'
14
8%c ll%c
1
Knitting preferred
Moneta Porcupine
7_u_
Montreal Light Heat & Power
Jan
8%
8
;vv
9c
'
22%
■
70
__
'7- 13%
1
Monarch
37
'.Zi
Ltd..
Oil
Mining
510
.77
29%
162
3.60
Mining.
Mid-Continental
Jan
14
common——
class A
Kirkland
Jan
34%
1.88
Falconbridge Nickel Mines
Federal
1,084
Mines..
Jan
20
14
22
Gold
10c
4,500
35%
2'%
Fanny Farmer Candy
Jan
6.25
——
Jan
75c
7
1.96
——
Federal Grain
6.25
!':• 6.20
Graham' Mines..*
34
2,200
99c
...*
»
.v.McVittie
21%
10
13%
i,
Mines
Gold
Jan
1.42
•
Jan
.
38%
1,820
.'•■41/a
;i4c,
15
Jan
128
34
—1
Investment
Gold
5
16c
l.i
Eastern Malartic Mines
Jan
6.25
Mines
Jan
106
•
Oil
Eastern-Steel
'
Lake
31c
31
.100
Red
Jan
7%
9%
—1
5.95
1.*
«
30c
27%
v.
-20
——.
Jan
5
500
34
28
*
—-
Co.—
Mining
Jau
17%
1.435
100
30c
10c
.
Worsted com
...1——
Preferred
Duquesne
95c
Jan
Jan
9.05
6,500
17'%
_»
*
30c
"
8%,
—~
Jan
14'%
90c
16
14
4,200
82c
common
Moore
Jan
Tar & Chemical common
Preferred
Jan
80c
12c
82c
1
Muirheads Cafeterias common.—
Preferred
"
Dominion
10'%c
12c
200
16'A
Porcupine Mines
Jan
2.08
Jan
-29
Frontenac
Preferred
Jan
1.25
—.
McColl
24c
1.51
22
Jan
12
1,650
-50
pfd__
Jan
20 7
Jan
50
Investors
90c
.
*
Jan
40
Scottish
20.525
1
:
Jan
410
Stores
1.05
7__
7,
1.86
15'%
Steel class B—
95 %c
commoni;
11'%
41%
Dominion
1.02
3
...
15'%c
133 134'%
Dominion
Jan
Mines..—2c
common
400
15'%
Dominion
.15 c
Mines
20,767
27,355
& Steel com.*
Dominion Foundries
Gold
12
5'%
»
4,550
,
1
24c
1.70
I100
Jan
4,301
....
20c
'1.42
preferred-—.
Jan
4c
50c
A—
Mines
McKenzie
40'%
_——4—
Fabrics 2nd
r
9.30
——
Preferred
5
_
Bank
Dominion
Jan
7 V2c
5%c Jan
l%c Jan
.
14%
Fields
Massey-warris
80c
Jan
109
Jan
Jan
37c
'
Jan
Jan
18%
109
20,740
91,951
6c
6'Ac
Jan
41c
-
Jan
Jan
-35%
7c
4c
Jan
Jan
23c
9.05
Ltd
Eastern
65o
Jan
.100
6c
2%c
5c
3'/«c
"
14%
;
class
Milling
27
1.63
3%c
6V'8c
Preferred
18'%
41
Dome Mines
Dominion
&
Leaf
20
134
—
Maple
1,200
Distillers Corp—Seagrams common.
Preferred
Manitoba
Jan
50
Jan
:
Jan
17'A
18'%
3%C
26,070
Jan
22%c
1
26,767
37C
3.75
1.53
Nickel Mines
Denison
6,500
6'/4C
28c
Jan
70
5%
80c
6c
3%c
3.35
18 >%
99c
5'%c
5c
34c
.
25.930
>18'%
1
Jan
3.60
1.35
1
Jan
23%
3.40
15'%
Mines
23
Jan
3.60
1,075
47V2
22'%
Jan
23
1
Gold
Mclntyre
:
20%
450
Malartic
Jan
—,
4,091
23%
Jan
Jan
10c
22'%
23
38%
11
;
21%
Jan
135
*
Jan
21%
7—.
1.91
Jan
———100
31
2.55
1.60
—
Jan
Jan
100
Petroleum—
Jan
29%
Jan
260
Mills—————*
Davies
100
1,965
1.60
Smelting—...5
Coal—
Pass
Nest
Crow's
Jan
Jan
30
2.30
Jan
*
&
(Toronto).
110
99
30'%
10,310
1.40
Bakeries
Consolidated
Jan
105
.
66 550
_•
Consolidated
Consumers Gas
Jan
1.91
Jan
,
Jan
17'%
2.47
4-5
Mines
Coniaurum
GlC
Jan
99
5
Jan
15
1.72
10'%
•
100% 100'%
Jan
57c
2.41
19
,
655
1.86
179
„
3,800
17'%
2.42
60
;
60c
17
?7%
31
—1 '"
Ltd
Lake
Red
110
5
59c
7' '
Jan
Jan
3
9'A
6,270
—
6'%
Jan
7.
——7—1._
T
Mines,
11
.
210
29%
Jan
Class B
135
.
7'%
Jan
Jan
1
1.55
—1
28%
Madsen
1.25
——*
;
20
,
MacLeod-CocKsr.utt Gold Mines
•
—1
Co.—
29%
Jan
10
.
Jan
1
Petroleum
Jan.
22'% 7;
1.60
National
9%
*
Jan
Conduits
100
Jan
1.25
Commonwealth
9%
Jan
1.99
—
9%
Jan
1.49
Co
Jan
Jan
Jan
—-—
11'A
10%
1.27
1.30
Plow
714%
1.24
3,224
Lake
Jan
23%
17,100
Coin
13%
Jan
32c
Cockshutt
4,845 f:
Jan
135
i
Jan
162
SOc
1.48
Mines
165
x
22'%
28c
Gold
Jan
Jan
13
Jan
603
1.36
Willans
12
11%
13,370
10%
Mining & Smelting—1.25
Jan
Jan
33.150
28c
C'ochenour
>72
11%
1.27
1.42
Chromium
Jan
26
55 7
17'A
12c
Jan
1.13
10%
12c
<30% Jan
11
72
47
v
•
575
•
Jan
20
"■'.
••
■
v
Jan
33c
Jan
Jan
20
.1
4»%c
Jan
%•-:
12
Jan
23%
...__.__1
Corp.
27c
29 *
Jan'
3.55
3'Ac Jan
,
Jan
12'%
Jan
19
HA
Research
3,500
10,500
!;'--''"325-,::''
'
,15%
'
Jan
24%
19
,
Jan
3.30
,
35'%
10
1.88
15%
V11'% Jan
3,402
120
10,600
v
.1,250
170
•
32
.
Jan
23
'
73c
1.70
12%c
1.20
9
—
Jan
1.06
375
3f;
I
12c
'
Jan
1.23
Macassa
.
Jan
1.10
Jan
-
45c
9.25
Jan
47
Jan
23 %
Jan
15V2
Jan
38c
Jan
•
8%
7bc
—1
7
Groceterias
13
■:•'. 144
61c
14%
Candy—......
Gold Mines.
23%
'
5V2c
Jan
*
Chesierville Larder Lake Gold Mines—1
Chemical
Leitch
Jan
8%
Jan
41c
Little Long Lac Gold Mines Ltd
Jan
36
4'%c
•
Loblaw
Jan
25%
1.29
'
Jan
8'%
5'/?.
2n
Porcupine Mines
Jan
12
8%
25'A
Jan
Jan
6%
22'%
37%
1.06
43%
60
71c
—1
1
Central
135
Jan
150
5%
Castle-Trethewey Mines
Central Patricia Gold Minesi.
Jan
Jan
1,055
*
Cariboo Gold Quartz
Lebel Oro Mines
13
'
Boxes——.—.*
Wirebound
Canadian
Laura Secord
8%
—
•
.
Jan
Jan
23y2
16%
—————100
Preferred
Canadian
67
19
8%
_*
common...
.
Jan
100
Banking & Loan—
7100
Sons Ltd—
777—77.^7
Gold Mines—__ ._7sS
i'•* 7
&
Jan
5
5
99%
Ltd
Mines.——.—.7
Jan
40'%
705
Jan
Jan
7
s
100
Cadillac
12%
—
_*
A
___
—
'Lapa
23>A
8%
25%
.■
"
Alcohol
Canadian
Lang
Jan
13
Products.-——.—47
Food
Canadian
43 %
100
—
Dock
&
Jan
35
—
*
common.
...
Dredge
6y8
43
20
*
common—*
-25
preferred
Canadian
Landed
11%
Jan.
77
132
5y2
common————
preferred
preferred...
Convertible
.
62
3,377
6%
43 V2
*
Canners
Canadian
1st
65
133'% 133y2
133'%
•
common
Preferred
Jan
Jan
18
Jan
6
__1
Lake Dufault Mines Ltd....
Jan
15
Jan
<3.85
4%
'
!
1
Jan
*
4'%c
Jan'
11%
1
8
9%
..
Jan
1
:
——
95
31 '/4
■9'2c
1
Mines—
Jan
535
.'■.
Jan
Jan
11
7 7-f
*
Mines..
Bay
7_: Jan
323
'7.:;
B—
Class
'
Jan
5'%
29%
1
Canada...
Gold
8
'
*
Jan
7'%
•
::
7:3.50 Jan V
"11
1
.7—...
90
596
common
——
Co
175
71
Jan
20c
*
-
140
:
Jan
4c
•
"A"
Kirkland Townsite
43'%
•
72.' *} 72
..1
Jan
.207".
Jan
5%
Jan
2%c
.
v
y v'6,000
.".100
•
29%:'f '' 30
59c
—.1-
Jan
"7'7
6c
•1,500
3.50
11%"
17'%
*
Mines
Jan
:.
Jan
11.
Jan
■■;•'••• 6sa Jan
15,000
4c'' 4'%C
:
'
1
Consol
6'%
20
Jan
6'%
Jan
•
45,042
% 29c 30'%c
•
7--
*1
5%
50
5»/4c
3.35
111%
.7.—•—100
7—>—77.
7%c
v
"■•
25,240 ;■:
•
"
•:?. 14
A.*—.*
—
Lamaque Gold
Canada Permanent Mortgage
Dredge..
common..
Mining
Mines
Mines
95
—
*
Co.—
Northern Power
Jan
21c
1.25 7
f 137%7( '713%
6
Petroleum
500
5%
6%
20
——*
'
— _*
Canada
1.90
5.720
4c
Jan
22%
Jan
v17c
575
,
165
5
—
common
Utilities
1,300
*
class A
Canada
V
&
Nickel
International
Jan
Jan
239
28,600
164%
—7__—IOO
8c
2,500
Jan
<56 V4
77
2'%c Jan
'
:
•
...
——
preferred-
3.55
*
Canada Malting
A
6%c
32,000
Jan
5
10,500
•':iiy27'%:i2
1
Preferred
Class
6,890
Canada Cement common
Canada Foundry
Co
International
5,000
16%
3'%c
2.08
90
Jan
11
50
4c
20c
4%c
common
Mining
4.25
1
—
———
Inspiration
Jan
58,600
.
Jan
5
20%
"
4'%c
100
ordinary
International Metals
Jan
28,237
89c
Jan
*
Jan
'
vs 1.20
'3.35
:
7%c
——1
————
24%
24
84c
Jan
5c
.-••
54%
:*
_7-v''
5
Preferred
Jan
:: 74c79%c
76 %c
84c
.
■__*
Ltd
Calgary & Edmonton Corp
Calmont Oils
24%
15c
75
•
11
7
7
4%c
—
;—77*77.
Imperial Varnish
Jan
Jan
22
:
—
Inglis. (John)
British Columbia Packers
Jan
5c
Jan
86
a'",:. 246 :V
■tv>'?A 85 ■■ ;
5
5
11
3'%c
18'%c
'
—
Mines.———7.—1 7 " 1.20
Imperial Tobacco
Jan
32
18%c
Jan
Jan
,,
Alabastine
&
Gold
Rock
Imperial
Jan
24'%
Lime
Imperial Bank of Canada..*.
Jan
20c
8,750
—
Jan
8%C
15,400
21c 23 %c
10c
3
Mines. Ltd—
*
Traction Light & Pwr oom— •
?
:
22y2c Jan
l%c Jan
.
180
22'%
Jan
15c
,iv'
65
5'/4
2$
1
Jan
5c
,.
9'Ac
•
16,800
.
56
54%
v7
5
,
Howey Gold Mines
;—
—1
30'%c
Hudson Bay Mining & Smelting.
*7"729V2'y
Hunts Ltd class A
7—-''"7 11 1
Huron & Erie Mtge_—'
7'-—77—.100
* .7:7
20%, paid
—100
12
Jan
44
63c
86'%
Mines——1 •'7% 4c
Mines Ltd1"
\20c
Homestead Oil & Gas—_—______1
Jan
80c
55c
95c
4C
86
7:
2%c
.
"
Jan
43 Vo
—1'
—-1
A.———7__77-*
9,200
Jan
7'%c
Jan
9c 7 ;
10,700
7'%c
Halliwell Gold Mines^—
—7—7—1
,7 3%C ■•^<3%c ,4%C
H 22,000
':
Hallnor Mines __-7——77r_—7'_—17 7; .7—7'" • 3.65
100
3.65
". 400
Hamilton Bridge Co Ltd™7—i—_—•
5%?
"5%
47%;7
1,355
Harding Carpet ——i_77——77——*
4%
4%
Home
Jan
156%
18%c
2'%c
Gold
Hollinger Consolidated Gold Mines
Jan
24
Jan
152%
324
'
Jan
Jan
20,400
60c
Hasaga Mines .——7——7
.17; ; : 59c
57c
45c
Hedley Mascot Gold Mines—7—_777_.l
77
K 43c
Highwood-Scarcee Oils ———'.77——* i;.77;'v;'77'7 •; 12c I2%c
Hinde & Dauch Paper Co—*_'___7____*
r. 15% 715%'
Jan
Jan
7-7—*
—1___————*
Harker Gold
Jan
1.75
100
15
156
11c
15%
36c
185
24
15
154
v
Jan
Jan
Jan
■
"'3%c
3c
86
*v!;77T7'7 7
Swayze Mines——.:——1
Hard
Jan
13%
3c
28,700
■
Jan
3
12%
■
Jan
'
Jan
68,493
15
157
Jan
2%
107,250
2.45
Jan
232
115
2.15
Jan
Jan
41,175
Gold
Halcrow
Jan
245
3,000
2.35
4.15
16c
11%
285
'
'
17'%c Jan
7
Jan
100
15%
24
■
Jan
147,100
Gypsum
Jan
95
5c
Gunnar
Jan
237%
34
2%
15'A
a
9c
Jan
15c
5'/4
22
77 ;' 5
,
Jan
95
4c
54'%
Greening Wire Co
90
13c
>
Jan
Jan
25
90
95
12'A
7V'2c
17c 18 %c
—7
High
9'A
84
14c
i-——50
^7
Low
8%'Jan
75
4V2c
Paper common v t c—*
Grull Wihksne
Jan
13c
Jan
14c
7;
Jan
11'%c
3,200
150
.
,8'/4c Jan
46,675
-
245
■,
Jan
Jan
53c
—1
—
preferred
c
206
A.
20c 21'%'e
720c
Mining
Lakes
t
Common
Jan
18c
Jan
4'%c
85,450
4.15
15c 17 ViC
154 Vi
Bobjo
Brazilian
'Ac
62c
7:77,
V
Range since January 1
,
9
9,600
-•
—
Preferred
Great
7
Jan
—50
preferred—
Top Brewing
Bralorne
47c 51
6.50
Jan
Jan
*
of Canada
River Mines
—.—
Bidgood Kirkland Gold
Blue
54c
14c
100
B
Bell Telephone
Ribbon
Jan
14 ViC 15 Vic
~*
Beatty Bros class "A"-
Blue
6.10
48c
*
1
1
class A
Exploration & Radium
Berens
6.25
406
96
5,000
15'%c
Beattie Gold Mines Ltd
Class
Jan
10c
Bathurst Power & Paper
Bear
Jan
65c
88
150
30,800
Mining
Metals
Base
Jan
99'%
Jan
7%c
—-100
——10O
100
-*
Bank of Nova Scotia—
Bank
99
Jan
59'%c
54C
1
of Montreal
Bank
Jan
990
58c
—1
Jan
Shares
High
77'v—
1
1
Goodfish Mining
————1
Goodyear Tire & Rubber Co com
*7
Gate
for Week
•
•.
—1
—
Eagle Mines
Golden
Jan
789
■
14,000
97
14C 17 ViC
11c
3.80
—
18c
:.7
6.10
54c
1
1
Bagamac Mines
*
Bankfield Consolidated Mines
Jan
Gold
Jan
98
v
Low
,
——•
Ltd
Mines
Goldale Mine
Jan
14c
62c
95
97'A
1
Ashley Gold Mining Corp.*
Astoria Quebec Mines.
Aunor Gold Mines Ltd
Jan
14c
A.
Gold
Armistice
15c
89
God's Lake
Jan
112
Jan
5" '
89
59 %c
.7;.,7^:7: par
.
common—
Mines———
Gold
Glenora
Jan
11c
Jan
.'Jan
V 12c
Jan
36'/4
Jan
7'%c
112
60
1,120
<5 7,200
15c 16 %c
62c
6.10
——-
:
Higti
3'/4
Jan
29'%
5,500
13c
89
2%
15,870
112
13c
Range since January 1
4,175
9 Vic
112
.
Pacific
Power
Sales
•
Range'
of Prices
__
3'%
36 'A
9c
••
Shoe preferred-——100
Consol Oil
—1
—'
Aldermac
Copper
*
16a
Algoma Steel preferred-—
..—100
—
Aluminium Ltd common
—96%
Aluminum Co. of Canada 5% pfd-100 >
97y2
Agnew-Surpass
Alberta
Week's
Last' ' V i.
8'%
5% preferred
7
_100
86'%
■
86
5'%% preferred
——-—100
95
General Steel Wares—:—^.—7—
—* ,%711'%
Gillies Lake-Porcupine Gold———1
6c
6c
Gatineau
for Week
Sale Price
Friday
.
'*■
-.7:%'*^
compiled from official sales lists
Sales
Week's
Friday
'
Sale Price
Funds
Canadian
Jan. 22 to Jan. 28 both inclusive,
STOCKS—
STOCKS—
$4 Monday, January 31, 1944
1.09
•
7
2.75
38c
L25
63c
Jan
Jan
Jan
Jan
Jan
Jan
Jan
*•.....
Volume
159
Number 4251
THE COMMERCIAL & FINANCIAL
<
'
:
ft
Last
.
.
STOCKS-
v
Reno
Gold Mines
Riverside
Silk
'
'
Par
Canada
135
«
Anthony Gold Mines
>
4c
4 Vbc
14,000
21
100
5
4c
Jan
Jan
21
Jan
Toburn
Gold
20
Jan
Toronto
General
Jan
200
Jan
Jan-
9,371
6C
13,400
Shawinigan Water & Power
Shawkey Gold Mining
Sheep Creek Gold * Mines
•
Mines
Gold
Preferred
.
46c
50c
1
_
-
—100
Mines
Malartic
..
-
5%
5%
64
64
70
70
-.ft 2.07
.1
71
2.10
18c
20c
■
6
Jan
ft:; 64
2.04
2,900
Jan
18c
71
Western
Jan
Preferred
Winnipeg Electric
1
1.66
300
2.10
Jan
2.20
Jan
7c
11,200
4%c
Jan
7c
Jan
25,850
1.60
1.62
1.73
1.75
Jan
4.80
7,080
58>/2
450
473/4 Jan
61
Jan
21'/4
355
207/a
Jan
21'/4
Jan
25>/4c25%c
6,700
16
5
Jan
370
75
Jan
34'/a
Jan
84%
Jan
121V2 Jan
121 '/2
Jan
79Va
15
15
Jan
16
105
107
45
105
Jan
107
12 '/2c
16c
123.150
12 l/2c
Jan
6%
6%
689
6 V2
Jan
117
60%
Jan
2.95
Jan
3.50
Jan
33,4c Jan
4 %c
Jan
ft>
...
64
62
64%
3.15
3.30
3.250
4c
4c
4c
17,500
*
Jan
Jan
40
3.20
Ymir Yankee Girl Gold
Mines...
Jan
5 Vi
325
•
Mines
26c
83
16
100
Wrlght-Hargreaves
Jan
15%
14c
•
4.85
Jan
214
121% 121%
—
1
common
25c
5
82
791/3
__
121»/a
Mines
Jan
5
*
100
4.50
80
80*
•
;
Preferred
Jan
25%c
ft
common-*
—
Wiltsey-Coghlan
2.20
Jan
21
common.;
Jan
2.20
Jan
Jan
22c
Jan
58
_100
common
20c
-
20c
21 %
—100
Ltd
Jan
5%c
Mines—
Grocers
Westons
:
v
Jan
6.75
19c
58 lb
——1
Flour Mills
^Preferred
'
*
2.46
Jan
•
com
——„
2.25
Jan
Jan
4.50
Preferred
Jan
Jan
25,300
20c
;
Jan
Jan
68%
50
2.05
Mines...
Cons
5%
63
1.99
102,248
Jan
•
Western Canada
Jan
64
Jan
700
Jan
5%
4%
11
22c
Preferred
Jan
3
Ja
22c
Jan
11
Jan
22c
65
77
6c
4.80
67
Jan
Jan
3 %
365
.5
•
Mines, Ltd—
Walker-Gooderham & Worts
Wendigo Gold Mines
Jan
Jan
34
Jan
60
3,000
4'A
14%
Jan
5
ft„l
Ltd—..
Jan
2%
6c
4
Jan
6.00 Jan
Jan
10%
12
32'/a
50
6C
Jan
Jan
%
ll%c Jan
Jan
63
6c
Jan
Jan
235
221
,
84
19V2Q Jan
7
3,019
4%c
724
5
Jan
27
106,600
77c
47,700
14
34
5
Jan
Jan
26
19C
22
3
14
33
5
Jan
1.15
Jan
6 ft
30
2.46
Jan
11
2,003
ft
6.75
Jan
77
263/b
11
52c
16c
Jan
2%
7
26
Jan
90
Jan
2.09
Oils
Oils
3%c
10%
6 3/4
34
*
Waite-Amulet
80
Jan
Jan
80
6.40
Jan
115
15c
45c
i8c
Jan
••
3,558
14,200
6.75
53c
11
■
18c
Jan
Jan
3.50
Jan
2.45
Vermilata
Vulcan
20%
9
16c
45c47%c
45c
:
8l/a
1
Jan
Jan
300
;
84
260
•
Jan
•
16
110
9,000
69
82
ft_
3.25
2.29
16
1
Jan
Jan
65c
Jan
JV'
High
Jan
Jan
15
Ventures, Ltd.
Jan
13
107%
23,000
Jan
85
Low
2.00
Upper Canada Mines Ltd
25
ftV:
92c
;72
183
•
22
2%
Steep Rock Iron Mines
Sullivan
I
85
70c
700
90
25
>,
4%C
——
Contact
Jan
66c
1.15
85
—.——50
„
sft-i
77,827
10'A
1.11
„
*
"A"
4c
_
.
class
United Steel
9.50
Jan
10'A
1.12
•
B
Jan
79C
10 %-
1
■.
Oils
21
4
—ft
9:00
Fuel
Class
United
65c
a
Sturgeon River Gold Mining
Sudbury Basin Mines
Jan
United
Jan
1.00
6.460
"
Jan
6C
3.45
—ft.—6%
4c
_
common
830
16
ft .■ft"',
3.30
„50
Corp class. A
67c
■ft.
4
Canada
Jan %•
71o
Jan
5Qc
Jan
Jan
98c
22,011
66c
..
Radio
of
Preferred
Jan
15
2%c
80
Class B
.ft,.
16
56c
*
Standard Paving common
Preferred
.
109
57c
*
-
Co
'
9.00
16
20
Petroleum
Springer Sturgeon
Standard
9.00
107%
1
(N) Co Ltd
End
1,800
109
•:=;
1
Mines
Slater
South
1.00
79c
V
—
28,034
73c
;
43 %c
95
6c
98c
9.00
.
«
—
_
Gold
79c
•
16
4C
5c
3%
Jari
5c
38,300
15
,
1.00
1
—
..
...
45c 47 %c
> 16
5%c
Mines
Simpsons class B_
Sud
United
Jan
3.50
3.80
5c
Co
Jan
6c
15
3.70
Steel
3.80
Jan
6c
Sladen
Union Gas Co
Jan
16
100
Transcontinental Resources
Jan
3.80
Siscoe
Jan
Jan
Jan
3c
2%
14%
,
4,205
1
Co
Towagmac Exploration
100
2.28
3.45
—*
Corp..
Toronto Mortgage
Range since January I
2.22
2.28
l
Mines
Trusts
Shares
High
l_i
Tip Top Tailors common.»..r.u
Jan
for Week
of Prices
Low
15%
Ltd
Teck-Hughes Gold Mines
Jan
Sales
Range
Sale Price
commoii.-.-*...
19%
840
1
Ltd
Mines.
20
200
16,700
1
Sherritt-Gordon
Jan
138
3
3
Mining
Senator Rouyn, Ltd
Sigma
Jan
15
River Gold
-
Jan
lie
15
*
Gold Mines Ltd
Antonio
Sand
Tamblyn
is
—
common
5C
24
Jan
Sylvanite Gold
50
Corp
A
Week's
Par
4%c Jan
8%C
205
20
200
«•
Jan
134%
STOCKS—
High
23
57
138
20
Low
32,587
10C
200
1
'
85
20 %
'•ft
479
Friday
Range since January 1
'
24
134%
10
100
'■
■
4%c
9%c
_
common
A
St Lawrence
San
9%C
—.100
_
Industries
Class
4 %c
CHRONICLE
'J
Last
Shares
High
24
l
Preferred
St
4%C
if
Roche Long Lac
Russell
Low
.
l
_
Mills—
Royal Bank of
Royalitc Oil Co
'■
•
'
••
for Week
Range
of Prices
Sale Price
ft.
■;
Sales
Week's
Friday
■
.
•
v
Jan
Jan
17c
Jan
7%
Jan
66
Jan
OVER-THE-COUNTER MARKETS
;
Quotations for Friday, Jan. 28
,
Investing Companies
Par
Aeronautical Securities——._~1
Affiliated Fund Inc„
1%
AAmerex
Holding
Corp
ft
x3.31
Series
5% ft-ft 6%
13.30
14.30
Series
K-2
Oil Shares—
-2
Inv
of
Tr
Fund
8840
18.0":
x3 05
3.65
29.32
9 43
x4.60
A7%
38 Va
(Colo)
—
2.62 ft —
2.62
ft;,
1
mod—
common—10
x26
—100
Low
100
preferred
D
1
3.50
-2.50
5.40
1.18
1.30
Fund
Balanced
Fund
Stock
lftx20.55
1
X12.25
28.70
33 %
17.85
1.74
'&L-
Mutual
First
10
A
3 60
':
■
*
4.22
•
31.56
'
5.14
Capital Corp
Agricultural
Automobile
1
Administered
Investing
Low
—-ft
—
Price Shares—
Amer
Mining shares——
Petroleum
..ft
V
shares——
RR Equipment,shares
Tobacco
-Utility
(Geo)
Income
Trustee
10c
1,40
1.53
Incorporated Investors
20.14
Independence Trust Shares^.—7 2.19
21.56
.
:
,
Securities
Iitd—
Insurance Group
Co
of
6.92
3.26
3 58
shares—xl.04
America-ijlO >r,22.99
,u——_
4,-,.
•
12.16
xl3 65
79.32
85.23
X2.31
_1
1
1
19%
48%
76%
National
100 1 ,510
<
Int. Rate
1
tSept.
15, 1944_
Mar 15. 1945—
tMar
15,
tDec.
100.2
%%
1944—
Sep 15, 1944—
tMar l, 1945 wi.
100.4
Feb
Home
June
7.1C 7.
:
1
%.
tMnr 15.
80c
24.43
94c
Banking
Corporations .7''..;'71
,,7.
24.99
A Blair
&
12.43
.
A First
Boston
Ask
-
100.5
312
16
35
38
47%
City Bank
49%
51
53
215
100
225
12%
34 %
36%
93 %
37%
'
6%
1 355
Bid
U 3
0.75%
101
^
ft
ft
ft
101 ."n
191 U
103%
103%
104 U
104%
105%
105%
101
103
1955-1945—
103
Jan.
1,
1956-1946
May 1,
Apr 15.1944
1956-1946
100.3
100.5
Housing Authority—
1%%
-
Ask
Reconstruction Finance Corp¬
notes
Feb
Other
1,1944
100
Issue»
U 8 Conversion 3s
1948
104%
105.
U S Conversion 3s
1947
106%
107%
7.47
v
■
.
:
-
,
1
Panama Canal 3s
1961
130
131%
r
REORGANIZATION RAILS will be found
8.17
on
6.40
page 463
18.51
15.90
45.94
RECENT BOND ISSUES will be found
.17.52
on
463
page
-
..:jv ''
^
—.1
Corp—-.i
10
=
2
22%
United States Treasury
2 -lb
243/a
Rates quoted
;
Treasury bills—
Feb.
tSep
15,
1947
Certificates
100.16
Feb'
of
3/4 %
100.16
lOO.ir
1V4 %
100.13
100.15
t%S Aug. 1, 1944
t%s Sept, 1,
1944
99.22
99.24
100.2
t%s
I
1944
1944—
17,
1944—.
24,
1944
100.20
100.22
Mar.
2,
1944
1, 1944
l%s Dec. 1, 1944
Mar.
9,
—
1944
b0.54
J.™
Bid
•
Mar.
16,
Mar.
0.28%
23,
b0.37
0.33%
b0.37
.0.33';*
1944——
b0.37
0.33%
b0.37
0.34%
b0.73
0.71 c'r
Mar.
30,
0.32%.
April
6,
0.32%
bO.37
0.32%
April 13,
April 20,
1944
1944—
•/No
b0.78
0.707*
0.76 ''r
rights.
b0.80
0.78 rtt
by
value,
par
r
tin
sponsor
a
Odd
lot
0.32%
April 27,
1944
sales,
b Yield
price,
c
Ex-liquidating
b0.375 0.35%
b0.375 0.35%
—
default.
issuer.
tThese
bonds
are
subject
to
all
Federal
taxes.
——
dividend
1943, to Adams Oil & Gas Co, stockholders of record
Canadian market.
sCash sale—not included in
range for
or
——
1944—
payable Nov. 30,
delivery,
0.30%
'
Ask
1944————
1944
——
bO.37
0.50'*
0.51
b0.78
*—
b0.37
bO.37
——,>
—
b0.55
Oct.
Bills
purchase
bO.37
Feb.
Feb.
—
L
at
Ask
b0.37
—
Ask
1,1944—
for discount
are
='
;
100.27
Bid
Indebtedness—
±%s May
t%s Apr
10,
1944
1%%
—
100.1
,
3,
100.25
Int. Rate
Bid
.
1^^
Maturity—
tDec 15, 1946
0.83
—25
(J P) & Co Inc.
us
1955-1945
3s
;
5.85
7
Co._^
99,31
.
15
21.33
16.93
——_I
Investment
b0.85
100
10
165
100 1,480
Ask
100.8
b0.90
1964-1944
1.70
'A %
1946
Ask
150
304
10,78
100.3
100.14
100.6
1944
3s
23.69
-
15,1945
Bank—
Loan
15,
1946-1944
3%s
19.51
0.90^
15, 1945—
1945—
Bid
%
1,550
Bid
tl%%
43c
■
Bid
100
100
Obligations Of Governmental Agencies
3s
B
Wellington Fund-
Bank
Trust
Manufactures Trust Co com..20
Conv preferred
—20
Commodity Credit Corp—
641
Bond
L
73 %
30%
New York Trust
25
89%
Public Nat'l Bank & Trust..
17% -35
Title Guarantee & Trust
12
5%
United States Trust
1001,310
18%
4S
1
i___
68%
28%
National
72%
Ms
Figures after decimal point represent one or more 32ds of^a point
1944—
49 %
10
46 %
46%
0.85s
5.56
Stock Fund B—i
91
Federal Land Bank Bonds—
Quotations For U. S. Treasury Notes
Maturltv-
x46%
Par
Fulton
50%
44
50
.
Mar 15,
Jun 15,
5.03
40%"
2.60
Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trusty
101
10
Federal
2.10
Shsfi_„25c
—i—
Trust
%'/'■".
Exchange Bank & Trust_20
First
2.22
Industry Sharesl—_25c
Fund series' A—
Guarantee..
Morgan
14.54
—.i_
Series- C
Union
&
Empire Trust
6.62
•
i
B
Trusteed
Union
6.00
4
Trusteed Amer Bank
Bank
3:98
Shares—
ASeries B
Continental
10.10
7
U S El Lt & Pwr Shares A
: .'1.14
.
63%
38%
91.11
X9.26
1
10
■
X89.31
Union Preferred Stock Fund
.;'s
.
Invpstnrs Fund C
6.29
2,47,
ftft:
ft/ft..
Aviation Group shares——749.84
Bank Group shares——,i—; . ,85c 7
-investment
14.32
2Va
i
Stand Oil
Class
Holding Corp—jj 16cV" ft 28c
Fund Inc
'ftftr- %
Institutional
54
13.32
—1
ASeries A
Foundation
Common
.129
4.88
4
Ask
22%
49%
Corn
C
Series
AHuron
100
Fidelity & Guaranty Co..2 "
U S
38%
1
D
shares————-,—-ftft'v 4.02 ; ftft>4.43':
—*{*.. 4.41ftft4.86
,__10
Westchester Fire—
405
47
Chemical Bank & Trust
Corp—•
Corp of Amer AA
1
ASeries
shares
123%
60%
36%
48
Commercial National Bank &
Trust new common
Investment
ASeries
4.53
,
St
Bid
21
86
X2.20
Trustee Stand Invest Shs—
4.11
——
25
47%
29%'
393
10
X2.53
lOo
6.14
■
2.95
50%
37 Vb
City Banks & Trust Cos.
100
;
X2.62
*
5.87
.^4.31
2.85
47%
35%
97%
47
Inc
'ft.6.54
,3.91
—?/•
62%
10
Central Hanover Bank & Trust 20
Chase National Bank
...13.55
1
Fund
Super
...
Fire & Marine
10
Bankers Trust
Brooklyn Trust
10c
Selected Amer Shares.
6.51
St Paul
102%
44%
100
1
;
Selected Income Shares
-.'3.76
.
:
Fund,
.5.32
98
Par
I
1
Series 1958
6.91
;.
23%
Seaboard Surety
39%
Plymouth Fund Inc
State
5.92
28%
21%
Security New Haven
Springfield Fire & Marine
10
27%
New York
I
7.49
.
26%
19%
X2.00
r:.
•
9,59.
ft-ft. ft'3.41
Steel shares
ft
shares
—
8.17
4.83
shares-
Railroad
Trust
1953
7.43
5.94
10
Bank of New York
Sovereign Investors
6pencer Trask Fund
5.33
—.ft
Fire
6.33
5.07
5 67
—
Merchandise shares
5%
10
..10
U S Fire
5.75
6.28
Industrial Machinery shares—
3%
45
.
8%
Bank of the Manhattan Co.—10
6.81
=
■
36%
2
27%
7.38
ft.v6.16
shares—
33%
25%
6.70
5.60
bond shares—-—
16%
10
10
6.59
7.28
r?
85%
14%
IT S
5.28
C 6.62
4.60
49%
81%
5
5%
8.45
Scudder, Stevens & Clark
=
47%
10
29%
4.79
6.26
—-
10
27%
10.69
5.69
Equipment—ft/' 8.73
108 '/a
Standard Accident
9.72
Oils'
Quarterly Inc Shares
Republic Invest. Fund
shares
103%
Travelers
7.68
7.30
Chemical
25
94
10.55
....
—-
Food shares
23%
4%
16%
9.60
21%
89%
69%
5.98
Series 1956
,
14%
5
5
*
30%
48 %
13 %
8.49
6.01
Electrical
Fully
Hanover
28%
45%
5
2.50
15
American
26%
12.50
65 %
com.
,,
7.72
——
Building shares
General
9.35
Ins.
Hartford
6.64
shares——
Aviation
Great
Fire
190
24%
10
-
Reinsurance Corp (NY)
Republic
(Texas)
Revere (Paul) Fire—
45%
17%
7%
180
—10
Fire..
Providence-Washington
14%
6%
2
2
Preferred Accident
26 %
42%
Hartford Steamboiler Inspect—10
Home
6
Series 1955
—
13%
24%
5
Rutgers
preferred
8.78
5.46
—
Globe & Republic
6.37
,
,
shares
shares
85%
7.41
Putnam
Group Securities—
63 %
81 Vb
9.85
Series
5.54
B
59%
42%
57%
20
Phoenix
7.98
North
33.94
General Investors Trust——1
Pacific
46
5
54%
Indemnity Co__
62%
1.48
534
24%
Fire.
58%
1.42
7%
5
22%
Casualty
River
42%
Glens Falls Fire
40 %
6%
10
Fire
Fire
Pacific
10
&
(Detroit)
Northeastern
33%
6.73
Railroad
5.31
North
x31%
General Reinsurance Corp
0
Gibraltar Fire & Marine—_10
45%
—_
Northern
Fireman's Fd of San Fran——10
Firemen's of Newark
5
Franklin Fire
5
2nd
York
.10
8.96
Railroad equipment
Steel
23.19
4.58
General
stock
New
41%
10
10.92
Union
Amsterdam
41 Va
>
20
8.50
—
...
4.15
21.16
Inc
39 %
5.78
North Amer Bond Trust ctfs
2
Invest
39 %
5
Machinery
5.77
Shares A—1
Trust
Fundamental
17%
10
Metals
—
Fundamental Trust Shares A—2
Foundation
7.33
12.91
5
4
Y
Liberty
National
22%
19%v
9
8%
71%
10
New Brunswick
New Hampshire
5.60
?0%
N
•
Casualty
National
New
86%
5.35
5
10
Globe
i
81%
Ins
National Fire
7
100
Fire
National
40
6
Fire Assn of Phila
6.94
6.63
11.98
9.93
Electrical equipment
Insurance stock
13.15
9.38
X6.31
37
25
Chemical
30.86
34%
19.22
1.91
Fund——5. :> X5.18
Trust
Fixed Trust Shares
7.48
"4.84
•v'
62
10
Building supply.——
22.07
Equitable Invest Corp (Mass)-fl
Equity Corp $3 conv pfd—:
1
Fidelity Fund Inc—-—
*
Financial Industrial Fund, Inc-
3.20
6.80
1
59%
25
..1"
55
Fidelity & Deposit of Md
1.36
4.38
series—.
England Fund
Bank
„
Howard—
&
series
15%
2%
Employees Group
Employers Reinsurance
7.38
2.82
14
Federal
1.23
6.83
common—.
Surety
52
Continental Casualty
.
3.50
—
Automobile
6:15
25c
——
Dividend Shares
Eaton
shares
10
Connecticut General Life
10.80
11.43
Monarch
City of New York—
Securities—
Aviation
-
Camden
22.02
10.04
10.45
Agriculture
19.39
Diversified Trustee Shares—
C
'72048
1
10
Inc
New York Stocks Inc—
ft—
17.94
-1
1
;
Fund
priced bond series.
Preferred stock series
New
ftftftftft
.
x4.58
Fund
4.72
Merch
Fire
41%
7%
7%
68
Merchant Fire Assur—
15%
Mfrs Fire
82%
38%
.12%
19%
&
15 %,
79%
5
123b
Ask
13%
1
14%
10
Reserve
Knickerbocker
Maryland Casualty
Massachusetts Bonding
17%
2%
Bid
10
11 Vb
5
Casualty_5
Bankers & Shippers—L
Boston
9.33
4.29
Low
—
30
111%
Cumulative Trust Shares
2d
priced stock
Income
ftft
.
28
Trust
Fund
series B
Bond
28
1.18M>
ft
10
Shares
Invest
8.48
.10c
(Md) voting shares
25c
National Investors Corp—_A_i
National Security Series—
ftftftftft
2 18
1
—-1
mod
Investors
Nation-Wide
2.34
—1
Investors
Mutual
..*■•
5.CO
36%
1
Trust
Forster Insurance—
Delaware
Mass
148
1
10c
Mass
2,380
143
1. ft 2 18
B
Common
113/B
Baltimore American
Manhattan Bond Fund Inc—
Maryland Fund Inc
74%
23V4
10%
Automobile
38.40
14.63
71
American
90.20
37.63
Sayies Sec
3436%
——5
Fire—
Insur Co of North America—_10
Jersey Insurance of N Y
—20
21%
American
6.46
*
100
—
preferred
&
5.89
Fund
Fund——10
1
& Forster
A8%
Fund
Loomls Sayies Mut
Loomis
com—100 2,280
AA—
ACommcn
Knickerbocker
17.92
29.08
Homestead
55
10
American of Newark
American Re-Insurance
4.52
1
Accumulative series
Crum
X4.07
27.27
-
.
Series ACC
104.00
S-4
16.67
Ltd
Fund
Investment
ACrum
Series
,_r
99.84
Corporate Trust Shares
,,
10.27
1
Securities
AA
9.33
26,85
Commonwealth Invest——
Series
19.22
S-3
10
P»r
147%
25
Alliance
American Casualty
American Equitable
American Fidelity &
13.52
Series
Life
American
26.10
12.28
5
Chemical Fund
Series
17.45
23.77
5
Ltd
Preferred
;
S-2„
52%
Agricultural
18.04
Series
:
5%
3 06
Century Shares Trust
Christiana
4%
4%
America
Inc
Inv
3%
5
10
Broad Street Invest Co Inc
Fund
16.48
Series S-l
preferred
Industry Shares
Consol
10.51
'
A67o
,v:
20.35
L'.
Ask
139'/2
10
Aetna
29.84
9.59
K-l
Series
27.21
B-4
10
Aetna
28.87
X18.52
B-3
Scries
1
Canadian
27.53
B-2
?.63
14.35
1
Bullock
Series
24
ft
3.31
Bid
Aetna Casual &
Surety
B-l
13.23
Bankers Nat Investing—
A Common
Boston
Series
3.63
22%
Insurance Companies
Par
Ask
Bid
Keystone Custodian Funds-
6.83
1
Axe-Houghton Fund Inc
Bond
Par
Foreign lnvestlng_10c
Stand
Basic
Ask
6,28
10
American Business Shares
American
Assoc
Bid
Nov.
23,
of
b0.375 0.35%
$31.50
1943.
a
share
d Deferred
Ex-dividend. yExA Quotations not furnished
year,
x
1
THE COMMERCIAL &
480
;
FINANCIAL CHRONICLE
Monday, January 31, 1944
Week, Ended Janl"22 +
THE COURSE OF
BANK CLEARINGS
week will show an
Bank clearings this
increase compared with a year ago.
-
West Virginia—Huntington
Chicago
,
<
.
i-.
—
—
City
Kansas
Louis
St.
——+■—•——
Francisco
San
—
—
-
%
Other cities, five days
+
15.7
198,812,000
+
8.7
.y",5''is'
+
7.8
+
12.1.
+
Total all cities,
cities,
All
1™
five days...*
day
one
<■
,.
V
•
cities
all
for
week
Total
1,271,979.280
+24.9
+21.5
$6,868,999,223 +24.2
1,622,657,177,, + 5.2
$8,491,656,400
against $7,948,there
an increase of
increase of 38.4%. We
in which they are located
this city) the totals
record an improvement of 37.8%, in the Boston Reserve District of 7.4% and in the
Philadelphia Reserve District of 10.4%. In the Cleveland Reserve District the totals
.show a gain of 13.5%, in the Richmond Reserve District of 8.4% and in the Atlanta
Reserve District of 22.3%. In the Chicago Reserve District the totals are larger by
19.9% in the St. Losis Reserve District by 14.4% and in the Minneapolis Reserve
District by 39.1%. In the Kansas City Reserve District the totals register an expan¬
sion of 24.0%, in the Dallas Reserve District of 18.4% and in the San Francisco
of 32.8%.
-
1st Boston
2d
3d
York
Philadelphia
New
—a
6th Atlanta
—_
—
Louis
9th Minneapolis
8th St.
Hth Dallas
:
—
City
10th Kansas
—.
We
now
add our
+
19.9
504.340,134
+
14.4
236,048,477
175.637,962
152,109,586
246,540,733
+
24.0
146,156,120
202,182,570
106,287,958
151,984,866
134,520,920
113,643,079
+
18.4
79,036,096
391,152,207
+
32.8
106,043,240
364,262,438
10,192,175,623
4,613,280,572
-
7,634,991,062
17.8
3.593,937,596
+
Week Ended Jan.
271,201,883
5,942,717,716
2,784,788,376
1942
1941
•
+ 22.3
262,591,614
2,418,094
'
203,882,123r
t
467,123
+
30.5
429,831
4,337,202
+
43.6
3,640,714
3,987,545
3,118,899
+12.5
2,347,332
,1,568,271
v
4.9
2,385,793
1,701,614
0.8
26,318,000
20,790,000
2,910,182
2,154,795
—
3,864,847
3,021,295
+
'
667,012
+ 27.9
3,087,099
27,769,000
+
8,691,169
8,617,116
0.9
8,135,219
5,461,723
36,748,572
31,739,419
+ 15.8
25,195,755
20,582,659
+ 51.7
1,487,353
1,232.327
+
+
f;
:
-
2,507,221
1,652,417
14,087,642
11,314,875
24.5
14,420,981
Illinois—Bloomington
5,760,156
37.8
5,237,695
3,712.484
610.413
490,517,800
*
366,282
+ 66.7
444,435
Chicago.—
;
402,460
401.339,776
+ 22.2
401,887,340
325,850,549
1,385,771
2,109,617
,6,380,412
Decatur-
+
52.2
1,441.407
1,381,288
4,601,379
+
38.7
4,783,158
3,733,563
Rockford
2,074,237
1,807,596
+14.8
Springfield—
1,955,348
1,648,784
+
18.6
1,721,327
1,553,612
1,348,870
618,760,970
516,238,189
+19.9
504,340,134
403,835,872
+ 14.0
134,200.000
Peoria
Total
—
1
(17 cities)
-
1,494,503
Eighth Federal Reserve District—St. Loots—
98.500,000
176,500,000
Kentucky—Louisville
154,800.000
78,921,664
51,548,834
72,306,649
+
9.1
61,573,048
45,400,266
41,411,015
+
24.5
39,591,429
31,282,696
1,094,000
688,000
+
59.0
684,000
308,064,498
Missouri—St. Louis—
269,205,664
•_
Tennessee—Memphis
Illinois—Quincy
.
....
Total (4 Cities)—
—
—
Ninth Federal Reserve District—Minneapolis—
236,048,477 '
+14.4
455.000
175,637.962
>
2.432,886
3,164,077
2.2
3,744,085
3,827,198
147,187,868
104,794,445
+
40.5
95,739.204
69.824,735'
48 122 924
34,825,314
+
38.2
38,234.026
26,964,491
3,513,993
2,921,694
+
20.3
3,101,075
1,609,326
927,442
+
73.5
1,151,886
1,340,352
711,492
+
88.4
950,136
6,118,391
4,102,001
+
49.2
3,815,716
3.021,058
211,636.939
152,109,586
+39.1
146,156,120
106,287.958
Minnesota—Duluth
Minneapolis
Paul
'
Dakota—Fargo
Dakota—Aberdeen
—
„
.
;.
—
2,438,424
829,118
•
<777,246''
Tenth Federal Reserve District—Kansas City—
Nebraska—Fremont:
>u
69.7
40.1
78,859,179
91.01$
3,081.772
+
35.3
43,711,524
164,763
3,185,592i
4,451,705
■£
.
105,952
+
+
58,288,718
279,521
+
,
;
Lincoln
Omaha—
2.259,2111
C 32,633.688
2,559,544.
2,672,013
1,964,815
+
25.5
7,789,475
4,906,024
+
58.8
4,500,932
3,031.160
200,604,532
9,002,940
1,347,164
170,849,152
+
17.4
142,212,920
106.779,971
5,702,725
+ 57.9
4.732,151
3.480.794
815,561
+ 65.2
521,611
481,737
870,461
663,383
+
31.2
643,695
662,746
305,681,522
246.540,733
+24.0
202,182.570
151,984,866
2,465,545
Kansas—Topeka
Wichita
Missouri—Kansas City_
St. Joseph
Colorado—Colorado Springs
Pueblo
_
,,
,
,
3,310,610
+
22.6
3,031,810
1,929,284
344,112,215
875,357
+
4.7
312,941,769
Eleventh Federal Reserve District—Dallas-
2,911,838
1,820,016
+
60.0
1,718,599
1.473.667
109.321.000
92,437,615
+
18.3
85,831,899
63,441,000
13,005,643
11,115,827
+
17.0
10.131,184
3,000,000
2,775,000
+
8.1
2,611,752
1,495,190
1,140,317
+
31.1
1,119,439
4,787,249
4,354,304
+
9.9
4,630,367
3,788.965
134,520,920
113,643,079
+18.4
106,043,240
79,036,090
+
34.2
67,100,476
+
Texas—Austin
—
Fort Worth
Falls
—
7,194,698
2,146,000
991.7661
>
250,541,401
+
17.3
898,766
735,019
+
26.5
1,027,215
—
433,454
1,320,531
1,134,026
4,059,582
2,669,049
16,460,650
-——
Bprlngfield
Worcester
.
414,015
434,103
+16.4
878,694
656,957
+
23.7
3,347,658
2,571,154
+
3.8
3,599,114
2,826,300
13,348,488
5,023,459
.
cities)i.'—
(9
Louisiana—Shreveport
990,156
29.8
4,059,832
+
23.3
:
2,174,331
11,171,448
—16.7
20,348.488
6,209,218
+
66.1
15,213,000
12,790,100
560,275
+
14.4
580,950
563,240
390,485,393
+
7.4
367,952,368
289,910,756
5,030,567
Total (6 cities)
—,
Twelfth Federal Reserve District—San Francisco—
Washington—Seattle
67,039,270
89,964,869
1,780,741
76,297,475
31,092,549
Oregon—Portland
Utah—Salt Lake City—
;
28,962,232
.
44,351,219
49.5
999,363
921,240
+ 26.9
1,191,454
60.136,102
Yakima
55,426,132
38,330,582
7.4
24,614,996
17,731,998
+
12,253,400
641,218
419,313,814
20,351.700
v
(12 cities).
;
3,836.084:
6,757,019
38.9
District—New York2,452,569
—
.
6,650,818
6,010,857
14,786,476
—63.1
1,643,318
1,386,257
+
18.5
1.357,756
56,700,000
+
29.1
51,600,000
36,500,000
•
Buffalo
+
3,030,219
+ 52.2
4,018,022
3,265,397
214,527,323
+
37.0
196,982,000
155,577,000
4,976,093
3,865,397
+
28.7
3,636,347
3,153,026
Santa Barbara
1,953,580
1,076,757
+
81.4
1,503,941
1,396,128
4,811,796
4,019,114
+
19.7
3,224,142
2,639,209
California—Long Beach
Pasadena
San
10,143.305
,
Francisco
Total
•
519,639,194
391,152,207
+32.8
364,262,438
271,201,883
10,192,175,623
7,948,943,227
+ 28.2
7,634,991,062
5,942,717,716
4,613,280,572
(10 cities)
3,917,079,224
+
17.8
3,593,937,596
2,784,788,376
_
1,133,276
73,200,000
Binghamton
7,304,339
4,611,814
Stockton
*
294|006!972
San Jose
7,229,073
6,023,822
Haven
Island—Providence
Hampshire—Manchester—
Rhode
Second Federal Reserve
<
556,736
■
+
360,411.809
Bedford-
Total
Wichita
597,759
776,045
New York—Albany
.
7,766,209
7,936,839
Moines
Galveston
Dec. %
^
548,484
883,639
638,190
Elmira
1,162,112
999,732
+
16.2
1,346,719
1,201,472
+
12.1
869,494
+ 38.4
Grand
Total
(110
cities)
„
Outside New York
902,276
Jamestown
3,157,929,340
8,471,052
York
5,578,895,051
4,031,864,003
Rochester
12,318,330
10,261,113
+
20.0
7,835,752
5,848,300
+
34.0
4,041,053,466
10,925,595
5,251.775
7,692,567
7,128,237
+
7.9
6,882.265
5,730,752
+ 34.6
363,880
335.057
New
Syracuse—
Connecticut—Stamford
New Jersey—Montclair
—
4,937,526
531,533
394,843
Newark
29,098,475
25,160,945
+ 15.6
21,955.212
45,388,689
33,766,136
+
34.4
31,594,525
5,761,565,115
4,181,361,856
+37.8
4,187,524.083
+ 35.8
1942,
3,266,995.599
417,120
31,
SEE
17,
JAN.
250,
PAGE
AS
DISCONTINUED
WERE
CLEARINGS
BANK
NOTE
OF,
1944.
26,510,480
(12 cities)—
NOTE—CANADIAN
DEC.
17,896,793
Northern New Jersey
Total
Third Federal Reserve
'
566,243
730,325
1,093,748
1,505,430
Bethlehem
Chester—
Toronto Stock Exchange-Curb
District—Philadelphia—
Pennsylvania—Altoona
-
V".
412,816
749,672
Jan. 22 to Jan. 28 both inclusive,
634,855
638,632
+.14.4
534,607
+ 104.6
494,192
430,698
5.8
1,192,785
437,000,000
639,000,000
579,000,000
+
10.4
1,665,349
1,261,080
+
32.1
1,265,203
1,371,613
Scranton
2,529,276'
2,193.726
+ 15.3
2,398,511
2,159,279
Canadian
Coast
Philadelphia
„
1,183,310
Hew Jersey—Trenton
1,416,917
1,764,854
2,063.591
3,689,300
'Wllkes-Barre
York
+
3,479,300
+ 19.7
1,035,160
1,012,974
—14.5
1.648,907
1,384,130
6.0
3,966,000
2,933,900
574,381,405
448,575,981
+
(10 Cities)
653,961.442
_
592,194,258
+ 10.4
.
-
—,
Cincinnati
4 450,237
Cleveland_
;
;
(7 cities)—
;
'
2,040,700
2,061,566
3,018,717
2.883,601
20.5
87,678,835
68,251,312
+
7.6
163,585,336
114.107,888
+
16.5
11,583.900
10,333,500
1.0
2,645,380
2,155,715
—
3,778,589
lsylvania—Pittsburgh
T)tal
16,048,200
191,825,983
13,771,300
+ 43.0
+
—
3,479,764
+
8.6
3,500.002
3.074,826
246,387,519
.rounsrstnwn
Per
104,227,014
206,368,564
Columbus
Mansfield,
3,111,418
125! 549,604
-
—
—
Canada
Vinegars
214,448,133
+
14.9
193,734,042
176,723,282
604,623,463
532,925,178
+13.5
465,746,212
377^530.124
Shares
Foothills
Construction
2'/a
260
1.40
700
li05
6
Jan.
.3Vn Jan
1.40 Jaii
Jan
63/a
10
6%^ Jan
6V2
5,539
5V<
Jan
7
50
7
Jan
7
86
86
10
86
Jan
86
Jan
350
35n
1 625
36c
Jan
preferred—.*
16
18
300
12 V2
Jan
18
Jan
24'/<j
Jan
27
Jan
100
86
*
31V2C Jan
./■
200
1.45
2,300
14
14
30
14
Jan
15
—100
21
21
5
•20
Jan
21
4C
4c
1,000
—
25c
49c
72.300
&
Mining
Metals
1.55
1.60
205
9c
10c
8,500
1.85
1.85
200
2634
•
;
preferred
Brewery
27
1.35
—*
...
Gas
Mines
25V2
*
&
Osisko Lake Mines—
Walkerville
2'/a
1.25
•
7
Selections
Oreille
High;
Jan
1.40
___*
Huiriberstone Shoe
Penri
Jan
•
Corp
A
Bridge Co
Temiskaming
Low
9
10
1.85
_i
Oil
Langley's
9
»
Paper
Press
Oil
9
Range since January L;
High
5
Co__
Co____
Corrugated Paper Box preferred
Dominion
Low
*
:
Marconi
Copper
Consolidated
Oil
for Week
par
Disher Steel
Fourth Federal Reserve District—Cleveland-
Sales
Range.
.
Sale Price
•
Dalhousie
Ohio—Canton
Week's
of Prices
Last
_
STOCKS—
Consolidated
Total
compiled from official sales lists
Friday
•
Reading
1,422,892
Section
Funds
Canadian
455,747
1,410,954
561,000,000
Lancaster
s
316,927,414
2,936,109
27,995,000
Dallas
Inc.or
1943
1944
the
22
District—Bostonn—
Fall River-
Total
:i
+ 28.2
7,948,943,227
3,917,079,224
;:v
Portland
New
+'22.3
detailed statement showing the figures for each city for
Massachusetts—Boston
New
186,668
45,653,732
+
—
,
at—
Con necticut—Hartford
162,648
58,756,902
Sioux City——
167,833,496
+ 39.1
Maine—Bangor,
New
262,591,614
8.4
516,238,189
22 for four years:
First Federal Reserve
377,530,124
+
269,205,664
,
Clearings
25,685.312
3,260,084
1.5
19.9
609,699
6,228,062
3,507,983
Haute
Des
448,575,981
465,746,212
217,762,401
+
305,681,522
City-
week ended Jan.
574,381,405
13.5
+
618,760.970
"
37,191,943
8.3
+
.
Total (7 cities)—
10.4
37.8
*203,882,123
403,835,872
211,636,939
+ 48.9
*70,000,000
Iowa—Cedar Rapids
s
:
308,064,498
•
28,034,000
'
V
r367,952,368
4,187,524,083
7.4
+
316,927,414
604,623,463
—110 cities
Total
Outside New York
S
519,639,194
7
9
6
10
Francisco—
12th San
266,832,881
: " 387,574,865
653,961,442
7 /
6
10
17
"
4
(
6th Richmond
7th Chicago
5,761,565,115
10
4th Cleveland
1,488,895
28,224,000
289,910.756
3,266,995,599
+
4,181,361,856
592,194,258
532,925,178
246,159,993
12 cities
12
14
—
1,620,604
13.7
239,214
1941
1942
Inc. or
390,485,393
17.3
+
4,605,258
:
Helena
Dec. *4
419,313,814
+
39,101,456
i Montana—Billings
CLEARINGS
1943
1944
2,132,075
41,126,623
387,574,865
,
,
South
Districts:
by Federal Reserve
Week Ending Jan. 22
1.323,808
—
83,905,318
■"
"./'•x
North
Districts
Reserve
2,299,075
Orleans
Bend
St.
SUMMARY OF BANK
Federal
20.811,183
72,700,000
2.0
2,065,192
235,710
(10 cities)—
Terre
+20.6
amounted to $10,192,175,623,
following we furnish a summary
■S? 5,580,431
29,858,873
Indianapolis
943,227 in the same week in 1942. Outside of this city
was
17.8%, the bank clearings at this center having recorded an
group the cities according to the.Federal Reserve Districts
and from this it appears that in the New York District (including
In the
6,617.485
+ 25.4
10,128,809
94,600,000
Indiana—Fort Wayne
for the week covered by the foregoing will appear
cannot furnish 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 for the week previous—the week
ended Jan. 22. For that week there was an increase of 28.2%, the aggregate of
Reserve District
167,838,496
...
+ 16.5
Grand Rapids
Complete and exact details
issue of next week.
We
country having
217,762,401
4,988,846
Michigan—Ann Arbor
our
clearings for the whole
8.4
+
58,239,001
J Wisconsin—Milwaukee
in
25,335,360
Seventh Federal Reserve District—Chicago-
$10,240,655,571
—
88,680,492
36,799,557
+ 20.3
...
\
South
Total
1,687,636
117,420,103
10.1
$5,597,019,943
$8,533,879,643
1,706,775,928
————
.
2,178,706
13.2
+ 10.4
+
34,428,787
-
Lansing—
I
—15.3
113,100,000
—*2,500,000
46,760,029
•
.
Louisiana—New
186,450,387
47,919,032
35,669,245
12,706,378
„
Mobile-
117,248,315
554,970
3,661,000
55,631,056
40,115,314
Mississippi—Vicksburg
•:
153,543,287
JJ2,066,436
129.065.917
866,979
4,866,000
0.5
246,159,993
Alabama—Birmingham
41.8
21.8
133,400,000
:.v
$
136,100,000
2,024,263
Macon
13.4
+
r.
+ 11.5
2,422,597
266,832,881
'
Florida—Jacksonville
+
1,545,465,355
—-
—-—»—
14:1
+
$6,988,414,288
five davs
cities
29.4
135,481,613
4?*
—~
—„-—
———
Baltimore
Ten
492,000,u00
+
+
271,001,548
—
Pittsburgh
Cleveland
$3,565,367,235
343,715.558
-—$4,614,279,519
.392,068,102
558,000,000
~
384,393,833
1^4.987,216
^—-———*
154,400,000
——
—
Total (6 cities)
+16.4
—
127,973,086
Georgia—Atlanta
Augusta
1943
_U—_
i
1941
$
Sixth Federal Reserve District—Atlanta-
>
1944
Philadelphia
Boston
2,051,519
District of Columbia—Washington—
■
5,348,000
73,683,305
144,924,947
39,362,703
Maryland—Baltimore
Nashville
29
York
New
5,965,000
Carolina—Charleston
South
1,063,760
1,238,325
.
'
Richmond
Tennessee—Knoxvllle
Clearings—Returns by Telegraph
Week Ending Jan.
Dec. %
73,300,387
Virginia—Norfolk
for the week follows:
summary
>..
1942
Inc. or
;
$
$
Pre¬
telegraphic advices from the chief cities
of the country, indicate that for the week ended Saturday, Jan. 22, clearings for all
cities of the United States from which it is possible to obtain weekly clearings will
be 20.6% above those for the corresponding week last year.
Our preliminary total
stands at $10,240,655,571, against $8,491,656,400 for the same week in 1943., At this
center there is an increase for the week ended Friday of 29.4%,
Our comparative
1943
1944
'
Fifth Federal Reserve District—Richmond—
compiled by us, based upon
liminary figures
'
'
■
'
1.35
100
■*
—1
35c
1.55
;
;_l
;■»
■
:
,
1.20
Jan
1.45
3!ac
Jan
4c
15c
Jan
49o
:Jan
Jan
Jan
Jan
Jan
Jan
1.65 Jan
1.47
Jan
8c
Jan
10c
Jan
Jan
1.85
Jan
1.85
Investment News
and
Redemption Calls and Sinking Fund
Department" in the week when
declared.
Foremost
Below .will be found
preferred
and
list of corporate bonds, notes,
a
Name of Company
redemption,
for
called
stocks
common
-'Per
Fort Pitt
Agnew-Surpass Shoe Stores,
7%> preferred (quar.)
under sinking fund provisions.
The date indicatesthe redemption or last date for mak¬
ing tenders, and the page, number gives the location in
which the details were given in the "Chronicle."
including those
called
American
Utilities Service Corp.—.
Collateral
•
American
$7
6'A
-•
(B. F.) & Sons Co., 5% notes due 1947
.--Apr
Brooklyn Borough Gas Co,, 1st mtge. 4s due 1965———Feb
1
346
1
3
Feb
1
American
10G
106
trust
6%
bonds,
series
dated
A,
1934
Avery
Byers (A. M.) Co., 7% preferred stock——
California Electric Power Co., 1st trust mtge.
——
7cJo
mortgage
Anchor
107
Anglo-Canadian Telephone, class A
B
Chicago & Western Indiana RR.—
1st & ref. Wo bonds, series D, due 1962——
1
1
2-18
Gossard
3-
1
3-15
2-15
3-
2-
3
Co.—
Co.,
bonds
•
due
4
1st mtge.
Goods,
Dry
7%
Corp.,
Ref.
....
--Feb 29
3%s due 1956—
Park & Tilford, Inc.,
Pennsylvania State College—
3'/a% serial notes due 1945-1946——
■
Philadelphia Electric Power Co., 1st mtge. 5'/2s due 1972_Feb
1
Philadelphia Rapid Transit Co., 5% coll. trust bonds-Feb
1
Phoenix Hosiery Co., preferred stock
————Mar 1
Porto Rico Power Co., Ltd., 6% debentures—.——Feb 21
46
,-Apr
stock———
Mfg. Co. of 111., preferred
Reliance
ly
1
1
Republic Steel Corp., gen. mtge. 4»/2s, ser. B, due 1961—Feb
Richmond Terminal Ry., 1st mtge. 3%% bds. due 1965_Mar
1st
47
113
385. :
+2620
*
386
;/386
mortgage
.—-——Feb
114
San Francisco
Co.
1
48
1
$1863
—Feb
5s due
5
*
5s—1—
Terminal—
'
refunding mtge. bonds—-Feb 29
Springfield City Water Co., 1st mtge. 4s, ser. A, due 1956—Apr
Standard Public Service Corp.—
1st lien 6% bonds, ser. A
.v.--—•-—
Feb
20-year 6%
bonds,
series
mortgage 5'/2s, due 1949
Tennessee Consolidated Coal Co.—
Purchase money
1st lien 6%
A, due 1948—:
Feb
———————Apr
bonds dated 1920
—Mar
of Temple Baptist Church,
$1675
1
$1863
1
49
1
1
-
'*
50
1
50
1
$2088
West Virginia Pulp & Paper Co., 1st mtge. 3s due 1954—Feb
West Virginia Pulp & Paper Co., 6 % preferred stock-'—Feb
25
259
15
388
Chatillon
Rayon Corp.,
&
Corp., 7%
7%
Massachusetts
ref.
"YVestvaco
preferred
Bakeries,
Canadian
General
Carolina
■
Theatres,
387"
Products'Corp.,
York
due
1959--——Mar
$4.50 pfd. stock
Corp.—York Ice Machinery Corp.—
1st mortgage 6s due '1947-—,—
Feb
in
this issue,
1
•
1
116
■
$In .Volume
1
$2198
158.
we
which
we
Then
we
follow with
second table in
show the dividends previously
announced, but
which have not yet been paid. Further details and rec¬
ord of past dividend payments in many cases are
given
under the company name in our "General
Corporation
2-31
2-15
2-29
2-11
1-27
1-24
2-15
2-15
Insurance
40c
Mines
(interim)—
common
4-v6
2-
3-
3-15
1-14
.
,
4
1-25
2-18
12-31
3-
:;
1
2-}1
3-
20c
1
3-
$1.25
25c
1
1
2-
r
2-29
4
2-
2-15
"V'o
2-14
4
1-29
2-15
1-31
——
Lionel
Corporation (quar.)i.___
Lit
Brothers, 67w
Loew's
Boston
preferred
Theatres
non-cum.
preferred
Mallory Hat, 7%
preferred
2-24
Manhattan Refrigeration, 67c
3-20
Manufacturers
3-1
1-31
Mapes
4-
3-15
1
1-20
1
1-20
Trading,
Consolidated
3
1-24
2-25
Consumers
Container
Glass
Corp.
(N.
(quar.)—
Motor
30c
Murphy
3-1
2-15
Muskogee Co.,
3-
2-15
National
Automotive Fibre;
National
Biscuit
Diamond
2-15
National
Cylinder
4
National
Dairy
preferred
preferred (quar.)
1-15
National
Gypsum, $4.50
1-28
National
Lead, 7%
2-
5
National
37'/2c
1-27
1-20
$30c
2-15
1-31
2-15
1-31
$1.50
1-12
12-31
$1.25
56'Ac
3-15
3-15
3-
1
2-29"*
$3.50
2-
3
2-
35c
3-
1
2-15
$1.75
2-
1
1-26
3-1
2-10
9-
1
8-11
$50c
3-
1
2-
$!0c
(s-a)—
3-20
2-23
4-
1
3-21
37'/2c
(s-a)
75c
1
Dominion-Scottish Investments—
5%
preferred
(accum.)
Dominion Stores Co., Ltd.
Corp., 67c preferred (quar.)
Durham Hosiery, 67o preferred A
(quar.)__
class
A
Common
class
B
Eastern
75c
-
$1.25
3-
1
2-15
6-
1
5-17
$1.25
9-
1
8-17
12-
1
11-16
25c
Corp.
(quar.)
2-11
2-
1
1-26
2-29
2-14
25c
Enamel
(Marshall) & Co., 67*
3-
3-10
2-21
$1.50
pfd. (quar.)
3-15
25c
i
67r preferred Second Series
(quar.)
Firestone Tire & Rubber. 4M>'A pfd. (initial)
Fitz Simons & Connell
Dredge L Dock (quar.)
7%
2-11
1
15c
Federal-Mogul Corp.
Power
1
3-
40c
(ouar.)
3-
25c
Works
Brewing
1-28
2-14
1
$1.25
—
Gas
2-11
3-
'
(quar.)__
Florida
1-21
75c
(quar.)
A
Field
1-21
1
$1.25
A
preferred
Ferro
1-21
1
2-
12'/2c
preferred
River
1
2-
25c
Corp.
2-
25c
Eauitv
Corp., $3 conv. preferred (accum.)__
RR., $5 preferred A (quar.)
7
$1.50
(irregular)
(irregular)—__-—
$5
3-31
3-15
$1.50
4
3-31
3-15
55c
3-
1
2-15
7%
preferred
preferred
7%
preferred
A
(quar.)_—
77e
preferred
A
(quar.)
:
25c
3-
1
2-19
F7V2c
3-
1
2-15
87'^c
Corp.,
Oats
75c
3-
1
2-19
iquar.)—$1.50
3-
1
2-15 7
57e
6-
1
5-15
$1.75
3-1
2-15
$1.75
6-
1
5-15
preferred
Amsterdam
New
Brunswick
New
2-11
20c
3-10
2-14. f
3-10
2-18
(quar.)„
$1.12'/2
$1.75
3-
1
2-18
.
3-
3-
1
2-19
25c
"
(s-&)
common
3-15
25c
2-15
1-31
1
$1.25
Casualty Co.
Haven
Clock,
New
Jersey
Zinc
New
8-15
25c
3-15
2-29
$2
2-15
2-'
3-
2-14
50c
1-31
7-31
■
1
5-
1
4-15
50c
3-
1
2-
75c
(s-a)
!
1-'
$1.25
(s-a)
Insurance
2-15
$1.25
_
(quar.)_^___,
Fire
3-10
2-29
(quar.)_____
Neptune Meter,* 87c preferred (quar.)_i_
Newport News Shipbuilding & Dry Dock, com.
$5 preferred (quar.
New
2-10
4-15
2-11
■'
(s-a)__—
Brothers
1
25o
.
_____+
57c4 preferred
Neisner
3-
30c
——
•
2-12 >
1
2-25
15c
pfd. (quar.).
(irregular)
Paper & Type,
preferred fs-a>
3-
50c
$1.75
67c
preferred A
Co.
National
2-
1
1-21
"
4
World Insurance Co.—
Increased
——
(quar.)
Dravo
1-24
2-18
Gas——
1-31
1-21
3-10
Products—'—______________
2-21
(quar.)___
Mfg., 17c
preferred
1
2-
22-
(quar.)__:__
2-29
Ire &
partic.
3-
3-15
6-
5-10 r
5-10
30c
Co., common.
preferred
5c
Coal, 77c preferred (quar.)_
Diamond Match Co., common
(quar.)
67c
1-29
77.
6-
37»/2c
1-15.
«
5-10
$1
___'
7
2-10
$2
Mills
2-15
$i5c
Mills, Ltd.
7%
preferred
—$50c
(quar.)—
^
Co.,
1
67c
1-21
'■
1
6-
?$1.25
,
Corp._
C.) (quar.),L+—
2-
40c
Covington & Cincinnati Bridge (Ky.) (quar.)
Crane Co., 5% preferred
(quar.)—
Crown Cork 8; Seal Corp. Inc.—
$2.25 preferred (quar.)—
&
<G.
1-31
3-
$2.25
—
Acme
National
Wheel
25c
Ltd.
$25
$2.25
;
3-15
56'Ac
quar.)——
Y.)
Continental American Life Insurance
(quar.)
Crunden-Martin
(s-a)—_
Co._____50c
(s-a)——_
(s-a).
+4C
of Amer.
Imperial
C
?5c
—
(quar.)
Co.,
RR.
$1.62'/2
Morris Plan Co. of Providence, R. I.
(quar.)
Mortgage Corp. of Nova Scotia (quar.)—_
Nashawena
(irregular);.__
(reduced
Lobster
(accum.)
Chemical
preferred
$3^0
.
1-31,
7'7777
Scott—
&
preferred
$1.62'/2
—
Co..
84
(s-a)___-
Chapman
4-25
75c
9
2-
preferred
1
5
3-
3-10
77c
6'/2-7o
(8-a)___
'
+
3-31
Colorado Milling' & Elevator—
1
1-20
preferred B (s-a)___
5-
4-
1-24
S4.50
$1.75
50c
1-24
1-31
8
v;
(quar.)_
"*
1-26
1-25
3
2-10
1-25
1-25
•:
1-31
1-30
2-
50c
1-25
1
$4
183/4C
25c
preferred A
2-
2-
3
1
$4.50
1
2-
3
Michigan Central
1
8
2-
Monsanto
2-
2-
2-
1-20
2-
$1.75
1-15
2-10
2-10
1-15
Power
'
1
2-15
75c
1-20
National
t
2-
25c
—
1
Connecticut
1-221-22
$1.50
(quar.)___
common
1
2-25
1-20*
1
1
Magnesium Products (irregular)
12'/2c
Mayfair Investment (Los Ang.) (irregular)$1
2-
$2
2-
2-1
2-
Merchants Fire Assurance,
Extra
2-
Conduits
$1.50
pfd. (accum.)_
Manufacturing
2-1
50c
+
15c
pfd.
20c
si.75
5
9.*
9 "
(quar.)
75c
' 20c
1
22-
Marine
1
10-26
2-
(quar.)___^„$1.25
3-20
2-
7-26
1
2-21
2-29
—
9
7; 2-
11-
10c
$1.62'/2
Ltd.—
4-25 t
2-29
(accum.)
(quar.)—
Corp.,
1-26
1
8- T.
——15c
(quar.)
Chain Store Real Estate Trust
(Mass.) (quar.)
Extra
$3 preferred (initial quar,)—
Commonwealth
International
1
5-
10c
Lyon Metal Products, 67*> partic. pfd. (quar.)
Macmillan Co., common (quar.)
$5
2-
2-1
15c
Merritt
(quar.)'
9
Extra.
1-31
preferred
2-
2-15
30c
2-15
\
1
Lindsay Light & Chemical (irregular).—_
4-15
50c
common.—
3-
4
30c
4-25
5c
(quar.)—..
9
30c
1
preferred
2-
——
3-
City Ice & Fuel,
2-15
1
c___.
+
$$1.25
y
2-
1
3-
"
30c
Quarterly
Quarterly
Quarterly
Quarterly
$l5c
„
1
3-
25c
;
.
4
25o
2-15
—
3-
25c
-
—
$1.50
Chambersburg Engineering
Chile Copper Co.
City Baking Co., common (resumed)
77c
preferred (quar.)
—_—.J
4S1.75
•
Extra
:
65c
pfd.
2-
2-10
Lincoln National Life Insurance (Ft.
Wayne)—
37V2c
—
1
i
1-31
3-
•
1-31
Liberty Aircraft Products
1-25
—
2-1;
2-20
(quar,).
1
1-25
$5
preferred
(quar.)—
Vermont Public Service—
y
2-29
4c
.
common
1
1
•'
1
$30c
3-
$$2
—
2-
2-25
(quar.)
(quar.);—
(quar.)
2-15
$1.12V2
Milling,
Inc.,
1
2-20
:
3-
1
_■
•
3-
8c
6
2-
(quar.)
1-18
3-15
J5c
6
2-
(quar.)__
;
1-17
1
$1.50
4-
75c
(quar.)_
1-17
2-
50c
(reduced).
$1.25
17c
$2
$1.25
25c
25c
Investment, $6'/2
$1.50
(quar.)_
preferred
V
? •'
4-
$1.50
(s-a)
(quar.)
Co.
(s-a)-^,
G.)
-f-
1-29
30c
Corp.
Inc.
(R.
,
(initial)—25c
iod.
$1.75
Foundry,
preferred
Falstaff
a
Bryant
Tourneau
!
2-15
3-
Fall
grouped in tw6 separate tables. In the
bring together all the-dividends announced the
current week.
2-10
Le
7
2-15
;
preferred
Lane
$4.50
preefrred A (quar.)—
Fairbanks Morse & Co. (quar.)
DIVIDENDS
first
1-27
3-
2-
1
6d
$5
are
7-7%
-2-1
1-31
2-15
2-21
1
Co
Woods
2-11
3-10
1
:■■
the
1
3-
Llfo
&
*.
3-11
1
2
3-
3-11
Extra
Dividends
Lake of
2-15
;.
———1—
Carpenter Steel Co,
Erie
Apr
2-12
4-
10c
$$1.75
preferred
$5
•Announcement
2-25
15c
pfd. A (quarj
Electric, Ltd.
Common
Inc.—
mtge. 6% .bonds, series A,
Chlorine
1
2-15
$3.50
i
—
57c
Insurance
Extra
1
3-
1
1
3-
60c
(G. R.), $5 prior preferred (accum.)
Fund (quar.)—.—
Extra
22-
2-19
3-
$1.50
'
Corp.
Gold
Kinney
Power, Ltd., com.
(quar.)
(quar.)—..
class A (quar.)
Knickerbocker
—
1st mtge. bonds—-Feb
preferred stock—
Apr
cumul. preferred stock—
Apr
Tubize
Tubize
1st
1%
Deere
1st
Western
Canada
Kerr-Addison
1-24
7
7
Co.__——75c
& Trecker
1-24
i' BIV2C
Extra
114
1
Wells-Titusville Corp.—
Struthers
3-15
Machine
Co.—
(Julius)
1
7*
3-10
$1.25
'
6% preferred (quar.)_—_
City Life Insurance (initial)
City Stock Yards, 57c pfd. (quar.).
1
y
Service, 6%
Dry Ginger Ale
Cosmos
Feb 29
bonds—_________—____—
Southern Pacific RR. Co., 1st
3-31
20c
Quarterly
48
1952——Feb
—,
1st mtge.
1st mtge.
Kearney
,
1
3
3-15
2'/27r
Water
Canada Northern
$6
y
ly
3-31
3*
3-
20c
Brothers,
2-
(quar.)
Consolidated Edison Co.
Pacific
Trustees
1
Kayser
2-
$1.50
Standard
2-
(irregular)
Consolidated
River Power Co.,
1st lien
,
3-20
——i_....:
Tobacco-—
Ry., Light, Heat & Power Co.—
Electric Co.,
Southern
mtge.
3-31
$4c
(extra)—;
due 1947—:
St. Joseph
Salmon
ref.
1st mtge. 4'/2s due 1979—Feb
Safe Harbor Water Corp.,
Sayre
1st
———*
----
1st 4'/2s
California
6Vz7o
bonds—Feb
Queen of the Holy:Rosary Cathedral. 1st ref. mtge.
bonds
Feb
Roman Catholic Episcopal Corp. of Ottawa—
47c bonds due 1944-1955————————.—Mar
High School,
Catholic
Central
Kansas
3-21
$1
Gas
B.)
25c
'(quar.)_y
preferred
Central
Bishop of Toledo-
Catholic
Roman
3-20
Inc
—
1
Kansas
3-31
2-15
2-15
7V27« •'
Co.
Silver
(quar.)—68^
.
Central
1
.-Feb
—
—
Kable
iisc
Burroughs Adding Machine (increased)...—_
Byron Jackson Co. (quar..
California Parific Title Insurance—
47
Protestant Episcopal Church in the D'ocese of Chicago
(Board of Trustees of) series "H" 5xk7c notes dated
•
1
1
.
77c
;
(Greensboro, N. C.)
2-
(quar.).;—
(s-a)——
preferred
7
2-
—
5 7c
1
(W.
37'/j>c
Buckeye Pipe Line,-.,il
Chain Store
Mar
2-
2-25
iBurdine's Inc., $2.80 preferred
(quar.),_,^i.-;y/?- 70c
Burlington Mills Corp., common.
40c
385
Price Bros. & Co., Ltd.—.
4% 2nd mortgage conv. debs., due 1957
Jefferson
1
3-31
Ireland—
&
(resumed)
Jacksonville
2-15
^
preferred
Canadian
46
Jarvis
25c
_
—-
Common
Feb,. 1
1-31
2-15
...
B
(initial)—
Teller, 5'/2% preferred
^
,y*
■7 1-31
2-15
40c
....
(quar.)
Ordina/y shares (final)—
Ordinary shares (interim) ——-.
384
;
2-15
4-
3-
1-21
683-4C
<quar.)_
Co
International
75c
common.—
—
^
B
2-19
3-4
2-10
for ordinary registered
Safety Razor,
Class
2-19
1
$1.75
Laughlin, Inc
preferred (quar.)—
Top Brewing, class A
Britain
International
3-1
3-
$L50
1-24
1
10c
preferred
Business
$i5c
(quar.)—l
preferred
57o
Steel
$1.25
(s-a)
1
3-
*
——
Ingersoll-Rand
Inland
common—
2-
(quar.)
2'/2%
1-20
3
25c
$1.25
ts-a>
pfd.
—
1-20
'••2-
1
;
2-
2-10
2-
Indianapolis Water, class A (quar.)__
57c preferred A (quar.)*...
2-1
50c
$1.25
40c
5V27c
deposit rets,
$1.75
2-15
2-28
25c
•
(Bait.)
Y.), 57c
3-20
2-25
3-15
:.
....v..
(quar.)
International
Brooklyn Edison Co. (quar.)
Buckeye Steel Casting, 67o preferred (quar.)
'
.
Vs7c debentures, due 1949—Feb 24
preferred stock
Mar 20
Pennsylvania Gas & Electric Co.—
"
1st lien & ref. mtge. ser. A, 5Vn7e bonds dated 1925-Mar
1..,.
Pacific Western Oil Corp., 3
Corp.,
(N.
Tobacco of Gt.
Bonus
V
;
Car..———
(final)
1
1-25
Motor
AmeA
1-21
1
iquar.)-
Co.-—
Illinois Zinc Co.—
Imperial
2-14
25c
(quar.)__
Insurance
Hussman-Ligonier,
''
$1.75
.J
& Sons
Steel
Airways,
British-American
*
*
12
•
+2365
1940
(John)
Braniff
.
3-
Fire
12'/2c
,1.
Brager-Eisenberg, Inc.
8
I
•
j
2-1.
25c
(quar.)_.^
Company
(interim)40c
Boss Manufacturing Co.—
50c
Bourjois, Inc., $2.75 preferred (quar.)——
6834c
*2363
ref. mtge. series A bonds due 1961_Feb 23
Pacific Western Oil Corp., 3 Va% debs, due 1949
Feb
1
Pacific Electric Ry.
(quar.)
3-
Borden
+2582
384
112
2-1
Assoc.—
tquar.)
Common
,11134
+2583
217
111
6s due
1st & ref. mtge. 33As,
.3-10
$1.05
&
Bonwit
*2253
11134
v
pfd.
1
75c
(s-a):—
2-11
+5c
Class
8
8
351
.;
.
Spinning
preferred
Blue
,
1
1,
1
23
1
Mar 1
common
(quar.)
$3
/
1
1
1
Corp., 6(1?
1
$1.50
—
(quar.)..
(quar. 1.
Bliss
;
^
1947-——Feb
1
due 1966—Feb 10
National Power & Light Co., $6 preferred stock—
Jan 31
New Jersey & Hudson Ry. & Ferry Co., 1st 4s due 1950-Mar
1
Northwestern Barb Wire Co.; 1st 5'/aS due 1945
—-Mar 15
Ohio Edison Co.,. $0.60, $7 and $7,20 preferred stocks—Jan 31
Omaha & Council Bluffs Street Ry.—
1st consol. mortgage bonds dated
1902—^—
—Feb 10
.'!•
Fine
Blauner's Inc.,
4
I
1
mtge.
Power Co.,
(accum.)
preferred
(quar.)———.
preferred
5%
^
Montana
prior A
preferred
77c
350
Ltd., gen. mtge. 5s due 1957——Feb
Ltd., 67c bonds dated 1909—July
Minnesota Transfer.Ry.,*'1st mtge.
Monroe Coal Mining Co., 1st mtge.
214
1
Feb 15
6'/27c bonds l947_-__—-——---Feb
Iowa Pwr. & Light Co., 1st mtge. 4'/2s,.ser. A, due 1958—Mar
Iowa Power & Light Co., 1st mtge. 4s, due 1968——Mar
Iowa Southern Utilities Co. of Delaware—
4 '/27c
debentures due 1966
—
--—Feb
Kansas City Gas Co. 1st mtge. 5s, due 1946———Feb
'Lexington Ry. 1st mortgage 5s due 1949——;
Feb
Los Angeles Pacific Co., '1st ref. mtge. bonds due 1950—Feb
Lukens Steel Co.; 4%% debentures,- due 1952->
—Mar
lien & ref.
•
Extra
350
International Rys. of Central America—
v.. 1st
preferred
Common
\
■
Co., 1st mtge. 5s due 1950——Mar
River Traction
Locomotive
$5
108
>
Feb 14
-
—
Hawaiian Irrigation Co.,
1
Mar
1970—
stock
Great Lakes Power Co.,
2-15
,
(quar.)—
$7
,
due
mortgage
Hudson
3-
preferred
Bethlehem
57o bonds
—„—
General American Investors Co., Inc.—
$6 cumulative preferred stock——————
1st
75c
Hudson
2-15
Bertram
Light Co.—
Power &
preferred
S71
3-10
common.......
67c
12360
-13
I;
Apr
bonds, series A, due 1949—,
Elgin, Joliet & Eastern Ry.—
1st mortgage 3'As, series A,
Florida
25c
Corp.,
$1.75
preferred
67c. preferred
Horn & Hardart
2--11
2-11
Berkshire
Public Service Co.—
mtge. 7%
1
1
Berland Shoe Stores,
107
348
;
15
15
Deep Rock Oil Corp. 12-yr. 6% debentures——————Feb
Chemical Co., 5% preferred stock——————Feb
Dow
Durham
3-
7%;
1
Homestead
3-
y
Works, lr« pfd.
■V
4-
2-
3-
Bankers Commercial
Connecticut River Power Co.,
partic. preferred.$1.25
Pineapple Co
25c
5
of Amer.—
noii-cum.
Higbee Co.,
(quar.)——
Austin, Nichols & Co..
212
preferred stock—-------Feb
1
1st 33/4S, ser. A, due 1961-Feb 15
Consolidated Cement Corp., 1st mtge. inc. 6s, due 1950—Feb
1 •
Dallas Park Apartments, 1st mtge. bonds——————-Feb 16
Coal
Clinchfield
2-11
1
1-26
common...25c
(quar.)
$1.50
Baldwin
+2359
1
4-
2-10
preferred
Badger Paper Mills,
1
Feb
3% c!o -bonds, series E, due 1969
3-
15c
Co.; 67^
Hewitt Rubber Corp.
preferred
67c
.
J.;
1966—Feb
Union Terminal Co.—
Cincinnati
V
3Vi'/o
mortgage
$1.50
Watch
Hawaiian
1st
Atlas
4
4
1-28
2-21
2nd
1-18
2-
It
7
2-10
2-15
(quar.)
(quar.)
1
3- 1
1
2-19
Dredge & Dock
2
.
1-18
3-
(quar.)$1.75
Lakes
3-
3
1
2-
3-
3-15
1
1
2-
2-19
Pacific Tea Co.
3-
3-
5-
2-
$1.75
&
Hamilton
$1
4-20
25c
(year-end).
Hatfield-Campbell Creek Coal
57^ prior preferred (quar.)
25c
(interim)—_:
(quar.)
«
5
2-
2-10
1,-31
2-
2-15
2-10
30c
5
1-20
2-15
$1.75
preferred
57c
2-
1
50c
preferred
2-10
17c
+2249
Gas & Electric Co.—
Cincinnati
1st
1
—Mar
Knight Co.. 17c
1
2-10
2-19
2-
25c
1
>'
2-19
2-15
25c
Co._..____
$i5c
preferred (accum.)
common
preferred
conv.
Associated
4
+r,0„n
W.)
(H.
3-
1
1
1
15c
3-
3-
3-
3-
$3.50
(s-a)_
15c
_1
(quar.).
40c
;
Insurance
25c
y
Fence
Cork
Armstrong
.
77c
Great
4
I
2-15
1
$1.25
(quar.).___
(annual)
Home
Common
2-18
3-
50c
Great Atlantic
V2-25
3-31
75c
——
Post
Arkansas Natural Gas, 6%
.
common.
Extra
3-
4
5
5-29
'
Co.,
preferred
Works, l<k preferred (accum.)_
Brewing, common (irregular).
Georgia
2-18
6Vo
'
50c
75c
(quar.,
Extra
4%
2-14
2-14
1
2-10
'
25c
211
348
6-10
Co.
Common
1
3-
1-31
2-
2-18
Iron
3-1
20c!
,
(quar.)——.
1
14
Genesee
H)c
y,.
refunding mtge. bonds———--Feb 29
Chesapeake & Ohio Ry.—
v
Ref. & impr. mtge. 3 '/2 % bonds, series E, due 1996—Feb
2-14
$1.75
Extra
Power &
States
3-
50c
Mill Co
Smelting & Refining
Class
1965—-----Mar
Genei-al
3-
1-31
1
50c
Drive
Trailer
Graton &
...
347
due
2-18
1
1-10
3-
(irregular$2.50
Co.,t|om. (irreg.)__
50c
(irregular)
conv.
75c
————____
I
series'1-A,
4s,
3-10
57o
Sanitary-
15
Light Corp.—
'
mtge. & 1st lien 5 '/2 % gold bonds due 1953——Feb
1st
Standard
American Tobacco Co., common
J1728
Fruehauf
Gameweil
$1.50
Apr
f
1
i
25c
preferred (quar.)—.—.___;
American
3-
2-1
3-25
1-10
1-15
25c
Sulphur (quar.)
3-27
62'/2c
—
1st mtge. 7 To- bonds due 1941—-Feb
Sugar Co.,
Central Pacific Ry. 1st
Central
&
Freeport
2-29
3-10
50c
.
common
American Rolling
Carolina, Clinchfield & Ohio Ry.—
1st
Radiator
.',
Wheel Auto
ol hee.
1-15
30c
(quar.)
Common
$1.75
(quar.).—
Common
bonds
1956
due
Caribbean
preferred
I
Four
1-31
Hoiuere
Payable
5c
Foundation Investment Co.—
57c non-cum. preferred
72c
(accum.)'
(quar.)——.—.
American Metal Co. Ltd.,
4-
of Rec.
1
Shore
Bridge Works (quar.)
$1.50
y
——
preferred
$3 preferred
(
•
3-
25c
Bakeries, class A
(accum.)—,—.
American & General Corp., $2 pfd.
(quar.)._
$2.50 preferred (quar.)___—
U525
Feb 29
-i,:.
(s-a)—
$50c
——" $$1.75
American & Foreign Power, $6 pfd.
Holder*
Payable
common
Alpha Portland Cement—
/
Page
Company and Issue—-v,-.
* ;
„•
Date
American Bakeries Co.-, class A'stock____-~__
___Mar 27..;
American, British & Continental Corp., ,5.'/^. debentures
due 1953
---Feb
1
;
.
*,•••;■:• Share
When
Company
Dairies, Inc., common
Preferred
Industrial and Miscellaneous
Companies
ir«c»
rer
Hume of
,,
The dividends announced this week are:
6'/27c
Co.
pfd.
(accum.)
$3.25
:_L
'
annual
New
York
Fire
New
York
&
Insurance ,(s-a)___
Queens
Elec.
Light &
$5
Niagara
Lower
Noranda
Norfolk
preferred
State
Electric
preferred
Nonouitt
Mills
Arch
2-
1
1-25
8
Western
-
(interim)
Fire Insurance
4
Co.
,^50c
$1
3-10
3-
1
.2-29
.
1-75-i
3-15
2-15
2-21
2-
7
2-
1
8-
7
8-
1
25c
(quar.)
3-10
16c
Service, 77o pfd. (quar.)
67c preferred (quar.)
Noyes (Charles F.), 6% preferred (quar.)—
Otis Elevator, common
1
6%
preferred (quar.)_
Pacific
2-
16c
Northwestern Public
Pacific
1
}$1
i
Outboard Marine & Mfg.
Owens-Illinois Glass Co.
4
3-
$2.50
(quar.)—,
Insurance, common
Insurance
2-
.
:
Common
River
2-18
1
$1.27'/2
Bridge (quar.)
Ry.
3-14
3-
Gas—
:
North American Life
North
1
$1.25
.(quar.)
&
(quar.)
Mines, Ltd.
&
3-
2-
7
$1.75
non-cum.
5.10%.
2-18
Power—
Common
New York
2-
3-10
40c
/
2-15
50c
40c
(irregular)
3-10
2-24
3-
1
2-19
3-
1
2-
$1.75
$1.50
2272c
2-19.
—
2-23
2-21
2-
2-15
1-30
$1,25
(N. Y.)
Electric, 5% pfd. iquar.)_
5M27c
preferred" (quar.)
6%
preferred (quar.)
Pacific Portland Cement, 6'/27c pfd. (accum.)
3-20
50c
Gas &
2-23
50c
—_
1-27
3-20
$1.50
(quar.)_,
1
20c
2-11
2-
1-31
4
31'/tC
.
...
4
2-15
34%c
2-15
37'/2c
2-15
1-31
$1
1-29
1-26
1-31
«
THE COMMERCIAL & FINANCIAL CHRONICLE
482
Per
When
share
Name of Company
Payable
of Reoi
3-1
2-21
3-10
2-26
Flour Mills
2-28
Food
Pratt
Co.
1-21
American Book
1
2-29
2-18
American Cities
J-21
3-1
2-10
1
2-15
2-15
3-
1
2-19
2-
1
1-20
American
1-25
American Stove
25c
10c
1-
3-
9
2-1
2-21
(quar.)—$1.
5
2-
1
2-10
„
2-21
50c
3-1
preferred (monthly)-——58'/3C
preferred (monthly)——,——
4l%c
Quincy Market Cold Storage & Warehouse—
.
5% preferred (quar.)——$1.25
Quinte Milk Products, Ltd.————+15p
Reading Co,, 4% non-cum. 1st pfd. (quar.)_
50c
Reliance Electric & Engineering Co
—
25c
Reliance Life Insurance (Pittsb'gh) (annual)
$6
3-1
2-21
(monthly)
7%
5%
Stock dividend on
Dry Goods,.1%
2nd
7%
3-17
1-24
1
2-25
1
1-25
4-
1
3-15
4-
1st and 2nd
2- 5
2-
1
3-15
7-
1
6-15
10-
1
9-15
4-
"
1
3-15
2-
1
1-20
3-
1
2-15
3-1
2-15
2-18
2-
1
1-25
2-
1
1-24'
1-17
1-12
25c
3-10
3- 1
—20c
Second Canadian Internat'l Invest. Co., Ltd.—
-
2-28
2-15
2- 4
Savage Arms Corp
Scotten Dillon Co.-
——-
•
3-
common" (quar,)—i
Co.,
1
3-
2-
1
2-
$10c
35c
Servel, Inc. ——25c
Sherwin-Williams
1
1
5c
62 %c
2-29
2-14
$1.25
$1.25
$1.25
10c
■
$1
$1
$1.12%
50c
3-15
2-15
—
(reduced)—
non-cum. pfd. (quar.)
preferred (quar.)
5% non-cum. preferred (quar.)——
Sovereign Investors———-—————
Spalding (A. G.) & Bros., 1st preferred—
1st preferred——————————————
Spiegel, Inc., $4.50 conv. preferred (quar.)_
Southern
5%
Railway, 57c
non-cum.
Stamford
Standard Brands,
Sterchi
6(h
(quar.)—
Co.
Water
Inc
Stores
Bros.
common
57o
.
4-
10-16
10-
6
2-
3-15
3-10
$1
„
.
3-
3-1,.
50c
'
Common—Tide Water. Associated
Extra
$1.25
'5%%
United
Coal,
preferred
Chemicals,
common—
(quar;J
partic. pfd. (quar.)„
3-
3-
1
1
3-15
2-25
3-10
2-28
3-15
3-
3-
1
Common
Common
(quar.)
(quar.)
————
7
Insurance
2-10
2-
62%c
2-28
50c
2-
1
1
3-20
6-20
9-20
57o
12-20
$1
3-10
2-19
1
$2 %c
2-29
2-15
Utilities Stock & Bond Corp. (s-a) —_
Venezula Syndicate
(resumed) __.1—....j
40c
3-
1
2-21
5c
3-
1
2.-18
$1
3-1
2-19
15c
—j—_
—
3-10
4-1
Fire
Insurance
(quar.)
1-28
1-22.
$8
1-28
/10c
1-22
3-1
Westinghouse
Electric
Common,'
&
,
: 2-15
'
2-
2-
3-18
2-
4
2-15
2-
2-15
2-
3
2-15
2-
3
1
2-15
2f 3
7%
preferred
2-
2-15
■———■:
2-
1
————
(quar.)..
1
3-
When
Holder•
Payable
o/Rec,
shares
u—
1
1-21
2-
1
1-10
Investors Corp.,
(quar.)
——--i.
Corp., common (quar.)_:———i
preferred (quar.)—v———
Central Hudson Gas & Electric—
57c
(quar.)
——
York Power, 5%
Central Power & Light Co,,
preferred
pfd. (quar.)—
6^ pfd. (quar.)
(quar.)—
——
Railway Signal'.-'—;
Century Ribbon Millsr Inc,, 77c pfd. (quar.)
Century Shares Trust—Shares (irreg.)
Cerro de Pasco Copper Corp, (reduced)—
Chain
Belt
Co.—
——i
—
Cherry-Burrell Corp., common
——
57c preferred (quar.)
—.—i
New
Orl.
&
Texas
Eppens,
Eureka
3-20
3-10
1-25
3-
1
2-1q
2-
1
1-20
2-
1,
1-14
2-
7
3-11
1-17
1-19
(s-a)_—
3-15
1
3-10
2-
1
1-22
2-1
1-22
1-31
1-17
3-
1
2-15
1-31
:
$30c
2-25
2-
1
1-15
$75c
2-1
1-15
2-
1-15
2-15
1-28
1-15
2-
1-12
1
,
2-2
1-15*
Franklin Fire Insurance (s-a)__
1-15
2-1
1-24
3-1
1-15
Fulton
1-15
2-
1-10
Gardner
2-12
2-1
2-1
;
2-
1
1-20
5% preferred (quar.)————
5% preferred (quar.)——/—,w
3-
6
(quar.)
' 1-31
■■
I-
■
1-25
1-26
1
2-
G
1-17
2-1
1-14*
25c
4-1
3-20
15c
1-31
1-15
$1.75
2-1
1-20
$1.75
2-1
$1.50
2-
1
3-11
2-5
4-
1-31
2-21
'2-1
$1
1-15
1-31
$1.50
1-18
83%c
2-1
1-14
37%c
4-1
37y2c
37'/ac
7- 1
10- 2
3-15
6-1$
—
50c
2-
20c
—
Securities, com.
3-18
2-15
$2.50
'
1-20
1-21*
1
4- 1
3c
9-15
1-20
1-31
1
1-15
5c
2-1
1-15
87'/2c
2-1
1-15
75c
2-1
1-20
(irreg.)
$3.50 preferred (quar.)
'
Denver, $3 conv. preferred (quar.)_
1-15*
Gar
1-31
General
2-1
1-18
1-31
General Cable
2-1
1-22
3-15
2-28
3-15
2-14
3- 3
2-14
2-15
1-29
2-1
1-ld
3-15
2-8
2-
1
12-28
4-
1
2-15
2-
1
1-10
2-
1
1-10
2-
1
1-10
3-15
1
1 i
General Metals Corp.
General Mills (quar.)
1
General Shoe
Gibraltar
1
Fire
Corp.
&
2-1
1-20
2-15
1-31
$1
$1JA
$1%
:
—
2-1
2-1
2-15
2-1.
Marine
Insurance
$$1.75
1-15
1-13
2-1
50c :
—
1-10;
1-10
1-31
25c
Genej^l,Steel Wares, 77c. pfd. (quar.)„_—»
2-
1-17
40c
(s-a)_—z^-zzz
General:Motors Corp.^ $5 preferred (quar.)General Outdoor Advertising, 67c"pfd. (quar.)
12-31
'
2-15
10c
——-
Baking Co.—
15c
Corp., 77c pfd. (accum.)—_
$1.75
General Cigar Co., common (quar.)
25c
77c preferred (quar.)
z__/
$1.75
General Foods Corp., common (quar.)_/-_-//■
40c
$4.50 preferred (quar.)__„^_
/
$1.12%
General'Hosiery, 53A% preferred (s-a)„—
$2.87% /
2-28
2-15
$$1
.
3-
lv
2-15
"
2-1
2-
$10c
$25c
2%
$$1.50
1-15
1
1-5
2- 1
2-15
12-31
3-
•
1
1 ;
12-31
2-15
2-
2-1
4-1
3-11
Class
B
V
2-10 '
1-31
2-
1
1-15
Gotham Hosiery Co.,
7S
2-
12%c
25c
1
1-15
Grace National Bank
(N. Y.)
2-1
17c
$1.25
$1.50
$1.75
12-31
common
1
,1-10
1
1-15
2-
1 i
1-15
Griesedieck
5%%
1-25
3-
1
1
1-24
2-1
,
1-15
25c
2-25
•
2-10
20c
1-31
1-25
$1.25
1-31
1-25
3-
4
2-19
2-
1
1-26
^
4-14
-
7.-14
10-14 ;
3-
1!
.
3-14
6-14
Hearn Department Stores,
2-15
6-1
5-15
9-.L/
8-15
12-.
1;
11-15
2-
1,
1-22
,
:
3-15
4-1
3-15
3-1
" 3-15
:
Hobbs
Battery Co.—
convertible .class A (accum.)—
(quar.)—"
,
3-
2
1
2-15
3- 1
2-15
2-15
1-25
2-1
2- 1
2- 1^,
2- 1
1-15
1-15
1-14
1-28
1-31
$1.50
-
2-14
2-
3-1
10c
2-4
2-15
2-15
2-15
—75c
$1
:
'
$1'
:
(Charges E.)
1-15
2-15
3-. 1
$1.25
$1.75
683Ac
683Ac.
$1.62%
75c
67c pfd. (quar.)—.
Hires
25c
75c
50c
.
6%, preferred (quar.)-
Hershey Chodolate, common (quar.)
$4 convertible preference (quar.)
Extra
2-1
4-1
,.
Times, 5%% preferred (quar.)—
Hat Corp. of America, 6%% pfd. (quar.)—
Hercules Powder Co.,
1-13
343Ao
—,
Hartford
.9-14
1-21
2-23
.
,
——
Stores
-Hanna (M, A.) Co., $5 preferred (quar.)——
Harris (A.) & Co„ 7% preferred (quar.)— j.
Hartford Electric Light (quar; )z———
''
,
Western Brewery—
preferred (quar.)
Brothers
(quar.)
—/
Hammond Instrument, .6% pfd. (quar.)__^Hancock Oil Co., class A and class B (quar.)
Extra on A & B—„-z—
'
2-19
2-
Hale
l-2l
1
75c
25c
133Ac
(quar..)____
Greyhound Corp.. (quar.)_rf_z—z———z5% 7c
preferred
(quar.
2-1
2-
$1.75
$3
2-
2-15
,2-15
2-1
—
(s-a)_
1-20
1
3-15
2- 1
3-1
preferred (quar.)-
Greenfield Gas Light-r67c non-cumulative preferred
-
2-
it
3-15
$40c
—
2-
$1
$1.75
1
3
25c
-^Gillette-Safety Razor, $5 preferred (quar.)- ,/
$1'A
Glidden Co., 4V2% cohv, preferred (quar.)56V4C
Globe & Republic Insurance of Amer. (s-a)_
25c
Goodyear Tire & Rubber, com. (quarr)
—
50c
5% convertible preferred (quar.$1.25
Gordon & Belyea, class A. common————
$$2
Gpchrist Co.
1-15
2-
25c
Sl'A
5(sk preferred (quar.)—Sl'Ar
Citizens Nat'l Bank & Trust (B'klyn) (s-a)45C
1-17 '
2-15
*—$1JA
$llA
57c
1-21
1-6
1-31
2-15
2-
25c
.
1-25
1-25
''2-15
1-25
3- 1
30c
2-15
2-15
2-
•'
:
■
2-25
$2 ,-/ 2- 1
•
Froedtejt Grain & Malting Co., (quar.)_z—
2-
$$3.50
\%IW;
44c
75c
1
I
$1
2-
25c
:
2-15
2 -,
3-10
$1.50
3-
Wood Industries-.
3
2,
$25c
$1.50
$1.25
l._
2-
Industrial
it
2-1
2-15
15c
:
2-
$1.75
$25c
$38c
$20c
$$1.50
75c
37V2c
62y2c
1
37y2c
VFlbreboard Products, 67c prior pfd. (quar.)
Fidelity & Deposit Co. of Md. (quar.)
Florida Power & Light, $7 pfd. (final)
Foster Wheeler, 67c prior pld. (qnar.)..„—
67c prior preferred (quar.)
67c prior preferred (quar.)
2-15
2-25
1-15
1-15
4-
25c
(s-a)
Pipe Line Co.,'--.'
12-21
2-1
2-1
50c
Eversharp, Inc., 57c preferred (quar.)—.—Exchange Buffet Corp. (irreg.)
Faber, Coe & Gregg, 7% pfd. (quar.)/„_.__
Fair (The), 7% preferred (accum.)
Fairbanks Co., 6% preferred (quar.
Falstaff Brewing Corp., 67c preferred (s-a)-
Pacific Ry.—
1-21
2-3
1-25
25c
—25c
Erie & Kalamazoo RR.
—
preferred
1-24
1
2-21
$20c
1-31
(quar.);—1—75c
Chicago Wilmington & Franklin Coal———
50c
Chickasha Cotton Oil (quar.)——25c
Quarterly
——
—
25c
Quarterly
—
25c
Cincinnati
1
2-
12'Ac
/«
1-17
3-24
1
2-
62y2c
,
'z--.-
1-18
12'/2c
Ltd. (quar,)—.
Celotex
Common
(quar.)„»,
1
.
1-24
$$1.25
1
1
1-15
2-
2c
'
2-19
3-31
1-11
1-15
$1'A
(quar.)_____
common
——
Smith
1
1-31
6'A%
&
___:
2-
1-31
50c
preferred
Extra
1-17
,1-20
11c
■
2-
4-
'
1
20c
interest
2-
$4c
1
2-7
1-15
1-15
1-17
2-
Trust-
—
———
2-
.
2-18
2-
Fabrics,
1
2-1
75c
Corp—
beneficial
1st preferred
3-1
75c
Bradstreet, Inc. (quar.)
Duquesne Brewing (quair.)____„_____^_____
Eastern Steel Products, Ltd. (quar.)__z
Electric Bond & Share, $6 preferred (quar.)
$5 preferred
(quar.)
Employers Group Associates (quar.)_>.
Trust¬
2-1
3- 1
i
1
1-31
1-31
Chestnut Hill RR.
Per
Dominion
1
2-
(quar.)__
^
$37'/2c
Dominion Tar & Chemical, 5y2% pfd. (quar.) $$1.37%
Dow Chemical Co., common
75c
57c preferred (quar.
;
$1.25
1-31
1
(founders rights)—:
7%
share
<
2-11
2-15
——
Investment
Central New
4-
50c
(s-a)
Dominguez Oil Fields (monthly)
Dominion & Anglo Investment—
57c preferred (quar.)
Dominion Bridge Co,, Ltd. (quar.)„_
Dun
$85c
$37V2c
$50c
■———$$1V4
Central
Industrial and Miscellaneous Companies
r
1-22
3-
2-
—
International
2-15
week, these being given in the
12-31
2-
(quar.)———2!!
Celanese Ltd.
2-25
preceding table.
$$2
1-14
1
or preferred (accum.) _———————
Canadian Investment Fund, Ltd.—
1
give the dividends announced in previoui
weeks and not yet paid. The list does not include divi¬
$$1.50
1
1
(quar.)..—
(interim)__;.
Canadian
3-15
4-
we
Aluminium, Ltd., common (quar.)
6% preferred (quar.)_
1-14.
Special
1
Adams-Millis Corp.
:
25c
Alabama Power, $5 preferred
(quar.$1.25
Aloe (A. S.) Co. (quar.)
50c
1
2-
Capital Transit Corp. (irreg.)—
_
1-25
1-25
1-22
1
1-20
2-15
1
3-
1
2-15
2-
4-
5
1-20
3-1
35c
(resumed)__
(quar.)
Distillers Co., Ltd., ordinary (interim)
Distillers Corp.-Seagrams, Ltd., 5% pfd. (quar.)
Dividend Shares (irreg.)
Dixie Cup Co., class A (quar.)
Domestic Industries, class A___
$2 preferred
(quar.)_z___:
z_„/_z
1-31
1
3-15
$2
87c
Shoe
of
3-17
3-31
2-
$1.50
$1.25
2-10'
Company
1
$$1
Whitman (Wm.), 7%
2-5
.
Investment
Shares
5
1-
1
3-
$1
2-
—
„———
2-25
.
Diamond
Diocesan
Ordinary shares z_———$4c
Wilcox (H.
2-15
Farmers & Traders Life Insurance Co. (quar.)
preferred
Castle (A. M.)
1-24
1-19
Federal Electric, $1.50 class A
25c
Federated Petroleums (irregqlar$lc
3-
„
2-15
1-21
1
1
$2
(quar.)
participating preferred
2-28
1
2-
5
2-
1-31
3-10
Name of
67o
2-18
2-
433Ac
(quar.)
Mfg.,
1-15
2-
$50c
37 yac
& Cleveland Navigation
Diamond Alkali Co.—
3-10
1-22.
1
2-1
$3.50
(quar.)
com.
1-15
12-31
3- 1
:
zZ-z-' •• "/' 60c
1-21
Canadian
Canadian
A
3-
2-15
8
Trust
1-19
Weston Electric Instrument—50c
Westvaco Chlorine Products (quar.)..
35c
dends announced this
1-15
2-1
25c
$1.25
Canadian Oil Co., Ltd. (quar.)—
Canadian Pacific Ry., 4% non-cum. pref—
Below
1-20
1-
5
2-15
50c
debenture (quar.)
$6 convertible prior preferred (quar.)/zz_
Derby Gas & Electric (quar.)
2-1
2-
■
SlVe
1
2-
—
1
1
4
2-15
2- 1
31'Ac
2-29
2- 8
.
1
2-1
2-
v"
;
$1
(quar.)
preferred
:
$4'/2c
$10c
2c
$1
2-29
preferred. (quar.)—— ;
$1.75.
F.) Oil & Gas (resumed)...
/
10c
Worcester Transit Assoc. (irregular).——
' 20c
York Knitting Mills, Ltd., common (s-a)—.
$20c
7% 1st preferred (s-a)—..
j..
$$3.50
7% 2nd preferred (s-a).
;
$$3.50
Youngstown Sheet & Tube, common—50c
5V2% preferred A (quar.)—
$1.371/2
Dennison
./ $1.50
————————__
.Extra
57c
1
(N. Y.) (quar.)—__
2-29
-
preferred—;
1-17
1
1. •'
2-15
Manufacturing—
—
——
participating
1
2-15
10c
1-15
■
1
Mines (interim)—.—
$1 /
7%
Class
,
$iy2
$1
.
5
2-
37'/2c
Mills,
1st
12-31
32-
(quar.)_-^.__^_
Co. (N. Y.)—
50c
preferred (quar.)——
com. (irreg.)
2-1
$3 r
•
16c
Class A (accum.
Telephone—
M.),
;
75c
& Sons
preferred
V
50c
1
2-5
pi'd, (quar.)
$1.75
Davenport Water Co., 57c pfd. (quar.).$1.25
Dayton Rubber Manufacturing Co., common
25c
2-
62'/2c
Department Stores,
preferred (quar.)
Silk
Bank
preferred
2-
$1
I.) (s-a)—
2-
1
$1.50
&
Press,
1-10
2-
30c
10c
1-
3-
3-
$1.50
/"■■■'
1
2-15
$1
...—
—
1-15
2-
Canadian Breweries; Ltd.—
$3.40 convertible preferred (quar.)_„
Canadian Bronze Co., Ltd., common (quar.)
3-18
$3
■
Extra
1
$6
/■ ''7
—
Special
2-11
50c
•
Crum
2-1
62y2c
$62'/2c
75c
Canada Starch, 7% preferred (s-a)_—_____
Canada Southern Ry. Co, (s-a)——;
2-15
$20c
Snowdrift, $4 conv. pfd. (quar.)
West Virginia Pulp & Paper, 6% preferred.!
Westchester
3-
1
:
—/_...
—
Engineering
2-
15c
(quar.)..
1
3-
Dallas Railway & Terminal, 7%
5
^—
partic. preferred (quar.)—..
Calgary Power, 6% preferred (quar.)__
California Electric Power, $3 pfd. (quar.)—
California Packing,.common, (quar.)—.—.
5%
preferred (quar.).
California-Western Life Insurance (quar.)—
3-1
Extra
1-
—
80c 2nd
2-11
3-15
G.)
2nd
$1.50
2-15
Wesson Oil &
12-30
1
Caldwell Linen: Mills, Ltd., com,
1-28
3-
62 %c
Wellman
1-28
1
1
3-
__50c
Bearing
Reduced
11-29*
Laboratories, $2.50 preferred.—
Upper Canada Mines, Ltd.—„———,
—
1
2-
2-
2-
■■
(Forest Hills, L.
Corp.,
Byers (A.
8-31*
25c
Vogt Manufacturing Corp.——.————.— /
Waite Amulet Mines, Ltd. (interim)
1^...'.
Wayne Pump Co. (quar.)„^_z.._.
Weill (Raphael) & Co. (annual)
L—
1-15
2-1
50c
V 40c
40c
$1.75
25c
.
.
3-
preferred (quar.)„___.—$1.12%
Dairy Corp. (Canada), 5% preferred (s-a)__
$$1.25
Dallas Power & Light, 77c pfd. (quar.)
$1.75
1-10
—
1-31
4y27c
1
—
2-15
2-
$1.62%
____,
Cuneo
Bunker Hill & Sullivan Mining & Concentrating
2-29*
$1.75
Virginia Coal & Iron
,
1
2-
Ltd. (interim)
1—
(quar.)
i.:—.
Bullock's Inc. (Los Ang.). common (extra)—
5-31*
40c
n
3-10
2-
50c
(quar.)
(irregular)
Roller
Bruck
3-10
*
J
-•
20c
Buell Die & Machine
1-22
4-
40c
40c
Universal
5%
4
$1.75
Bank
Broulan Porcupine
2-1
..."
Co
1
2-15
Crown
2-
(quar.)———
Bronxville Trust Co.
2-11
40c
United States Steel Corp., common
7% preferred (quar.)..
Universal
67c
2-26
1
z-z_z
...
4-
1-15
55c
Publishing, 77c pfd. (s-a.)""
Seal, Ltd. (quar.)
Drug Co., 77c preferred (quar )
& Forster, 87c. preferred (quar.)
Cork
Crown
1-20
1
1
60c
:
:
Crowell-Collier
1-5
2-
Co., Class A (quar.)__—$1
Broadway
4
3-
—_
j 1-11
!
2-1
1
2-25
$iy4
convertible preferred
Exchange
Quarterly /
British Columbia
2-26
3-
'
1
2-1
3-3
1st preferred (accum".)_
(quar.)
2-15
2-
75c
/
.
(quar.)___z
Corn
.$$2'
stock).:/-:
Fund, Inc.
Brandon
2-10
3-7
$1
Pipe & Foundry, common (quar.)
Common (quar.)
—————————
$1.25
2nd
B
683Ac
Consolidated
2-15
Brach (E.
2-10
$1.75
S.
1-21
2-
.
7
■
-
Consolidated Laundries, $7.50 pfd. (quar.)_,
Vultee Aircraft Corp., common
6-24
3-10
1-31
7-
preferred
1
BoWer
2-25
$3.50
Annual
6
3-30
$5
3-
Boulevard
1
50c
United Shoe Machinery (extra)—
.z__/_z/;
U. S. Fire Insurance (N. Y.)
(quar.)—
U. S. Leather, 7% prior preferred (quar.)..
.6-24
6To
Bourne Mills
2-10
75c
...
7-6
2-15
Stores
(quar.)_/z!i_z
Electric—
Cdnsolidated Edison Co. of N. Y.—:•■'
1-14
2-15
Boston
1
3-15
$1.37%
common..—
United Gas Corp., $7 preferred (accum.)—
United Life & Accident Insurance (N. H.)—!
U.
3-
20c
$3
United Engineering & Foundry,
7% preferred (quar.)—.
1
2-
Booth Fisheries, $6 pfd, (initial quar.)$1.50
Boston Edison Co. (quar.)—.———
50c
1-24
1
3-15
35c
....
{
'
1-31
,3-
5c
Roofing Co., common (quar.)—.—
$1.40 conv. preferred (quar.
1-17
50c
—75c
common
preferred
Class
11-15
10c
•
Tilo
Truax-Traer
1
3-15
15c
—
1-17
1
1
Bon Ami
8-15
Ohio
preferred (quar.)
Passumpsic River RR.—
67c preferred (s-a)-z,»_u—z_._z1_—______
Connecticut River Power, 6% pfd. (quar.)„„
Consolidated Cigar Corp., 6y2% pfd. (quar.)
1
Bond
2-15
1
2...
—25o
Oil
1
2-
(resumed)——_—
Bohack (H. C.), 77c
5-15
12-
$2 ■/
>
(quar.)_
2-
'
3-
Connecticut &
3-
common
Southern
$2.20
z
(s-a)
57c preferred (s-a)
;
Blue Ribbon Corp., 57c
conv. pfd. (quar.)—
Blue Ridge Corp., $3 conv. pfd. (quar.)
Holders option (cash or l/32nd share, of
1-22
'•
1
2-15
pfd.
50c
Electric, $7 preferred (quar.):
W.) Co.,
&
Detroit
;
(E.
67c
3
9-
-•
;/ / 50c
$5 conv.
5*
1-20
3-
2-15
6-
Co._—
(quar.)
6
1-
—
1-25
:
,
'63/2%
(reduced s-a)_i/
Bliss
5
3-10
<
1-31
Taylor & Fenn Co.
3-
1
—
class A
Co.
&
1-20
:
.•
preferred (accum.)
Connecticut Light & Power, $2.40 pfd. (quar.)
Y.)—
(quar.)
Blair & Co., Inc. (resumed)———
3-22
3|- 1
•Thompson Products,
(N.
Common
3-3
3-31
20c
Common
3
2
2-
$1.25
-
Extra
Birtman
2-15
/ 50c
•CommOn ——)+—'■/•:/ 50c.
•'Tampa Electric
/■.
3-1
3-15
Syracuse Transit Corp., common.
Common';y
Best
5
2-15
*,
....
Insurance
Hedges, $2 conv. pfd.
(quar.)
Benson &
1-31
4-15
$1
Stonega Coal # Coke_/„-__.-*_,.„
Stouffer Corp., class B__^—t
Columbus
1
1-15
4-
/
Aircraft
1-20
2-15
Concord Gas (N/H.),' 1%
—
1;
;
Bellanca
8-15
75c
—
1st preferred (quar.)
2nd preferred-
Extra
5-15
2-21
25c
——
Inc.,
6-15
9-15
30c
—
»
Columbia Pictures Corp.—
$2.75 convertible preferred
1-14*
1
2-
Belding-Corticelli (extra)
Belding-Hemingway Co. (quar.)
1
1-20
2-15
$1.25
1-18
25c
1
2-15
$1.25
Electric, 67c pfd. A (quarT)
(quar.)___z_//;^/^z-Z-.
series (quar,)/..
preference
Cumulative preferred 57c
1-31
15c
$25c
3-
Works
3-21
2-1
2-
5%
•
1-15
(quar.}_—
3-
2-10
2-23
Bayside Nat'l Bank of New York (s-a)—
2-25
2-98
1
Barnsdall Oil (quar.)
Bathurst Power & Paper,
3-11
25c
.
1
1-31
3-10
Lathe
3-31
.
—
1-8
3-31
$1.50
Iron /z__-_*^Iz/_
&
1
2-15
2r
2-15
3-25
—
Sonotone Corp.
2-10
2-15
2-10
Fuel
2-
1-20
12y2c
4-
3-
1
' $3c
1-21
$1.06'A
preferred (quar,)„_..v.z>-Z—.r.—z--z'
preferred J quar.)/--/!—/—$1% y '
Commoil, Ltd. (irreg.)
;
$y2C
Commonwealth Edison Co. ^_zZz!--/-'-z/_
35c
2-15
75c
preferred (quar.)—$1.25
Skilsaw, Inc. (quar.) _——.—j.__25c
Solar Aircraft Co.
(extra)
10c
South Bend
1-20
'■/••//
(s-a)
Common
$4.25
Colorado
2.-8
2-15
1-21
;
1-21
Columbia Gas &
1
2-15
.
2-10
Ltd. (quar. )„______^^^__z
ColgaterPalmoliverPeet Co,, com. (quar.)__>
1
2-
—„
American
1-31
2-25
2-1
.
5%
-
,
2-
prior
Baltimore
.4% partic. preference (quar.)—
Security Insurance Co. (New Haven) (quar.)
Corp., common..
(quar.)& Smelting—
Zinc Lead
1-15
•
1-31
'
50c
.
_i_-_
1
Sl'A
preferred
$5
Coast Breweries,
1-10
$1.75
$2
(quar.)_
(quar.)—
—
1-22
1'
2-
2-15
preferred
2-
37'/2c
/
preferred (accum.)
.,.$1.25
Amoskeag Co., common (s-a)__:
'*■ 75c
$4j/2 preferred (s-a)—
$2;25
Ampco Metal, Inc., common
:
10c
Anchor Post Fence, 6% prior pfd. (quar.)—
$1.50
Anglo-Canadian Telephone—
5V2'7o preferred (quar.)—$68%c
Appalachian Electric Power—
4y2% preferred (quar.)———
$1.12V2
Appleton Co.
60c
Armour & Co. (111.), $6 prior pfd. (accum.)_
$1.50
Abestos Mfg., $1.40 preferred (quar.)—
35c
■Associated Telephone Co., Ltd.—
$1.25 preferred (quar.)—31'Ac
Atchison Topeka & Santa Fe Ry., common$IVfe
57c non-cum. preferred, (s-a)
$2»/2
Atlantic City Electric. $6 pfd. (quar,)„
$1.50
Atlantic Rayon Corp., $2.50 prior pref.. (quar.)
62'/2c
Atlantic Refining, 4% conv. pfd. A quar.)__
$1
Atlas Plywood Corp. (new common) (quar.) ; '
15c
$1.25 preferred
(quar.)
31c
Atlas Powder, 5% preferred (quar.)——
$1.25
Ault&Wiborg Proprietary, 5y2% pfd, (quar.) $$1.37%
$5
1-22
3-
57c
1-22
1
pfd.
7'h
Bottle
Thermos
American
1-18
1
2-
preferred
preferred (quar.)———
$1.75
77c 1st and 2nd preferred (quar.)——
$1.75
Rubinstein (Helena), Class A'(quar.)
25c
Russell-Miller Milling (quar.)——————
$1
Rustless Iroh & Steel, common (quar.)——
15c
$2.50 convertible preferred (quar.),—62 %c
Safeway Steel Products—
10c
Sagamore Manufacturing ——
$1.50
St. Louis Screw & Bolt, 1% pfd, (quar.)—
$1.75
St. Paul Fire & Marine Insurance (quar.)—
$2
77c
2-17
2-
$1.75
$1.75
1st pfd. (quar,)—
(quar.)————
1-20
3-28
55c preferred
(quar.)—zzz
133Ac
Republic Petroleum (quar.),——68%c
Revere (Paul) Fire Insurance (i*-a)-——,
60c
Rice-Stix
1-20
1
3-9
3%
and class A—
common
Sugar Refining,
(year-end)
Common
American
Holder*
of Ree.
?
Payable
30c
(quar.j—
When
-
50c
25c
:
Co.
American Viscose
1
2-
6yic
A
Class
1
2-
6'Ac
Republic Drill & Too), common—.
'
American
2-21
3-
PublicService of Colorado, 6% pfd.
Co.
Stores
(s-a)
:
share
/- $1.75
5%
1-20*
1
Per
: /
-Cleveland. Tractor :._^z.
—___!_„z_z/z/^/
Cllrtchfield Coal Corp., 7% preferred (quar.)
.
2-
-7 ■•:'/
■
---_—_/Z—z>.—^_z____^
(quar.)!___/_._/__v.z-^-—-
1-15
1-21
Power & Light-—
3-1
1- 5
1-20'
Common
1-21
,
1
2-15
dividend series (stock
dividend l/64th sh. of class B or cash..
3lVsC
American Discount Co. of Georgia
$2 pfd._
$1
American Equitable Assurance of N. Y. (s-a)
50c
American Export Lines, 5% pfd. (quar.)—__
$1.25
American Furniture Co. (quar.3c •
American Hide & Leather, 6% pfd. (quar.)_
/
75c
American Home Products Corp.
(monthly)—
20c
American Light & Traction, com.
(quar.)—
30c
67c preferred (quar.)——————
37V2c
1-20
,
optional
A
Conv.
-
City of New York Insurance—.^
Cleveland, Cine,, Chicago .& St. Louis—
1-15
1-31
'■' '• '
Name of Company
•'
2-18
1
2-
American Can Co.—75c
1
1
1
2-
2-1
Monday, January 31, 1944
"■
of Ree.
3-
Co.25c
2-
—Hc
Privateer Mines
3-21
3-
„i_—
Water
Princeton
2-15
3-
Holders
When
Payable
share:
4-15
$1.37%
37%c
Pitney-Bowes Postage Meter (quar.)——
Pittsburgh Steel Co.—
5%% prior preferred (accum.)——
Poor & Co.,.class A (quar.)
——
peT
■
Name of Company
'
.
'
•
•
Amalgamated Leather—
.•
y
67c convertible preferred (accum.)
.$iv
Amalgamated Sugar, 5% preferred (quar.)_:
12'/2c
Amerada Petroleum Corp. (increased)^—75c
American Barge Line Co. (quar.)__>_>_—_
15c
3-
—.
Holder*
''I
'
2-1
Parkersburg Rig & ReeL__———.—25c
Peabody Coal, 6% preferred (accum.)--——
$1.50
Pennsylvania-Central Airlines—
■
•// *//,
$1.25 preferred (quar.)—
31 Vic
Peoples Gas Light & Coke
$1
Peoples Industrial Bank (N. Y.) (s-a).~—.
$1
Peoples Telephone, 4%% preferred-——$1.50
Peoples Water & Gas, $6 preferred (quar.)_
$1.50
Petrolite Corp., Ltd. (Del.) (irregular)——
.15c
Philadelphia Co., 5% preferred (s-a)
25c
Piedmont & Northern Ry. (quar.)„
—
50c
Extra
r-—$1
Pillsbury
*;
$1.75
i
,
z-
-
50c
■:
1
'
v
Volume
159
y..
Number 4251
■
•
THE COMMERCIAL & FINANCIAL
CHRONICLE
Name of Company
Corp.*
Holly Sugar
7%
preferred
Home
common
(quar.)
Insurance
Co.
6%
(A.
7%
C.),
of Rec,
25c
.
.
25c
Moody's Investors Service—
.(quar.K'-i^i.-i--'f'".-
45c:.
'
(quar.)__
)
common
2-
1
y; 1-15;....
$3
$1.25
'' /
"
•
common
•;
International Nickel Co..of
7%
preferred
7%
preferred
yi-is-
;y,;y "Extra
1
y
y
1-10
$1.75
2-
2-
1
25c
3-
>--v'
1
$1.75.
1
f
-
2-
.
20C
:'y
preferred
(quar.)
Kellogg Switchboard & Supply,
2-
15c
common—..
-
1-31
.
5%
preferred (quar.)
1-31
1
i—Y____ y-:$i.25:
Kentucky Utilities,' -7% junior pfd. (quar.)__ ■;>-87Vic:y" 3- 1
Keystone Steel & Wire
30c
;; 3-15
...fy
Kings County Trust (quar.)
___'
2- 1
y4)y: $20
Norfolk &
North
1- 4
•
Knickerbocker Insurance
(N. Y.)
Kokomo Water Works Co,, 6%
Kroger Grocery & Baking Co.,
(s-a)
$1.50.
pfd;.,(quar.)
(quar.) 0%. 50c
1st
7%
2-
;y-. $ia/4.
....
preferred (quar.)
1
$1.50
i:
'
s-
2-
S, 12-31
l
-
Lee Rubber &
■
Lehigh Portland Cement Co., com. (reduced)
4%' convertible preferred (quar.
Leitch Gold Mines (quar.;
.'___
25C
Leonard
Tailors
—
Common
(quar.)
„.l. >/'■
2-
$114
y:
™
87(4c
•...
3-
75c
3- 1
v
(quar.)
(quar.)
50c
—
$1%
.
K'
com., (quar.)
Inc.,
(reduced)
common
:
B
(quar.)
Loose-Wiles Biscuit Co.
Lord
&
Taylor, 8%
(
6%
1st
preferred
Louisiana Power
Louisville
1
25c;-.
2-
1
.$2
.
2-
1
$1.50
*
3-
1
RR.
2-
'
$2
1
1
";
.
non-cumulative
preferred
,
2- 1
,
Madison Square Garden
Magnin
(I.),
6%
6%
.*•
•
preferred
6%
preferred
pfd.
50c
2-25
f$1.75
3-1
1-28
35c
2-
60c
(quar.)
Lighting
Ltd.,
Paper Mills,
pfd. (quar.)_._j i'y
(quar.)„__
Fully
4V2%
Field
&
Corp.,
Co.
3
4-
$134
1
20
(quar.)
(quar.)
Oil
1
1-20
Potomac
Edison
1-31
1-13
2-
;
30c
'
25c
•
Co.,
Ltd.—
•
3-10
87 Vic
2-15
1
2-
2-15
;
2-
1
2-
I
2-
1
1-14
'
2- 1.
Mclntyre
McLellan Stores, common,:j.v->j.--r
.
,
,
$1.75
Meier &
Frank
Co.
(quar.)
5%
Corp.,
preferred
Merchants
Michigan
10c
$1.50
Stores,
7%
preferred
Insurance
(quar.)
?
Refrigeration, fc/o. preferred—,
Bakeries, Inc., $7 pfd. (quar.)y
prior lien
$6
prior
$6
preferred
lien
preferred
preferred
§9e
preferred
Midland Steel
$2
8r'c
1st
Products,
Midwest
Rubber
2-1
•
.
prior preferred (irregular)
(s-a),_„.
Minneapolis-Moline Power Implement—
$6Va preferred (accum.)
Light, $6 pfd. (quar.)
1-20
■
2-
1
3-15
1
1-22
2*
1
2-
1
1-20
1-20"i"
3-1
50c
2-15
1-22
;
2-
1
1-15
1-15
4-1
3-3
4-1
.3- 3
4- 1
3- 3
2-1
3-13
3- 3
25c
6-12
6-
2
9-12
9-
2
$12-1
United
2-28
$1.75
3-31
2-28
30c
2-15
1-24
-
6%
preferred
Railway «Sc Light Securities,
6%
preferred
A
Raymond
2-
1-15
4
2-
1
1
1-20
(<(uar.}.
—
Reading Co., common
Silk Hosiery Mills, 7%
pfd. (accum.),
(C. A.) Co., $2 pfd. A (accum.)
Real
Manufacturing Co.
of
preferred
5%
1-25
United
1-20
U. S.
2-
1
1-20
75c
2-
1
1-20
25c
2-10
1-13
3- .9
2-16
2-
1-21
1
1-20
1
2-10
2* 5
2- 5
4-1
40c
3-1
3-1
2-1
12-17
$10c
.
1
2- 1
12-31
50c
•
2-
3-15
3-
1
$14
2- 1
1-17
90c
2-15
1-31
*;«.
$1
;
Jan. .'«• 12-15
25c
2-10
1-31
2-22
1-22
1
1-20
2-1
1-20
2-
50c
2-
1
1-20
2-15
2-
2-15
2-1'
3-
$1.50
,'w,,
2-21
1
(quar.)
2-
2-1
1-15
25c
(quar.)__„
1-15
2r,7
20c
y
1-31
75c
2-10
1-10
N.
J.
RR.
conv.
U. S. Industrial
2-15
$1.25
2-15
$1.25
class A
(monthly)
(monthly)
(monthly)
1-31
1-31
1
2-14
£38c
(quar.),,
2-
$1.25
-
2-15
15c
1
1-17
.
2- 2
1-15
(
2-1
1-18
1
1-18
2-1
1-15
:.y v'- y
584c
2- 1
1-15
584c
3-1
2-15
584c
4- 1
2-
$1.18%
:
.
53c
2-
* 53c
3-15
1
3- 1
1-15
2-15
;
53c
—
4-1
50c
2-
1
1-15
50c
___i
3-1
2-15
3-15
50c
4-1
3-15
$1%
4-1
3-15
$14
—-
7-1
6-15
& Canal
preferred
4-10
3-2Q
Chemical,
-
—
(quar.)
$2,50
68%c
(quar.)__
.
2-
1
-
1-20
25c
2-1
1-15*
25c
common
2-
1-15*
1
Leather Co.—
Convertible partic. class A (irreg.),_„_:
U.
4
,
(quar.)
S.
Sugar Corp., $5 preferred (quar.)_—
preferred (quar.)
1
6.4% preferred A (quar.),
6.4%
preferred A (quar.)
•
■
$1.12V2
Extra
U, S.
1
■
Missouri—
Hoffman Machinery—
54%
1
25c
■
■
$5
1-21
7
2-15
41%c
Merchants & Mfrs.—
preferred (quar.)
preferred (quar.)
.Y_—
1-20
2- 1
7
2-15
IOC
prior
1
30C
1-
^
United
1-25
1-20
4
1-29
1
1-
B
6%
1
1
2-15
2-
2-1
.(accum.)
preferred
1
2-
2-16
3-
1-31
(monthly)
(Del.), $3 preferred (accum.),
Corps., Ltd., class A (quar.)
preferred
2-
$1.25
1
3-15
40c
Corp.
prior
2-
1
2-15
$14
(quar.),,
prior
2-
50c
3-
1
2-18
2-1
(quar.)_____
6%
25C
$8.50
Co.
6%
25C
_i.
1
..
Drug Co., $4.75 preferred (quar.)
United Light &
Railways Co. (Del.)—
7% prior preferred (monthly)
7% prior preferred (monthly)
7% prior" preferred (monthly),
6.36% prior preferred
(monthly),?,
6.36% prior preferred (monthly)
6.36% prior preferred (monthly)
50C
.
r
Reliance
1
:
Cigar-Whelan Stores—
Class
5%
2-
1
2-15
;
United Drill & Tool Corp.,
1-20
2-
1-15
3-
3-15
$lc
California
preferred
$1.50
(quar.)
Reliance Electric & Engineering—
$5 convertible preferred
(quar.)
2- 1
$1.50
15c
common
Extra
(quar.)
1
1-15
.
25c
United
1-25
2-
of
preferred
United
1-15
$15.50
—
(quar.)
Concrete Pile
$3 preferred
2-
1
i
(quar.),
Randall Co., class A
2-29
1-20
2-25
12c
J25C
(quar.),
y
Reed
2-15
$14
—
pfd.
(accum.),—,
$5
$5
2-15
1"
3-
;
5c
preferred
preferred
United
1-15
$1.50
$44
1-14
1
2-
374c
__1
Mines
Union Electric
\
2-15
1-21
25c
Oil
2-15
Radio-Keith-Orpheum, 6%
2-1
Union
3-15
2-15
2-19
1
3-15
3IV4C
$75c
$75c
preferred (quar.),
pfd. (quar.)_
(quar,)„___,
conv.
50c
1-15
2-1
80c
$1.25
2-15
3-10
2-
25c
Corp. (s-a)
Inc. (irregular)
Tung-Sol Lamp Works—
1-21
2-
J
$1,064
quar.),,
Trunz,
1
3-15
6
2-11
:
$14
—y
pfd.
2-
$1.13
(initial
Transamerica
1-15
3-15
3-
2-21
preferred (monthly),,
584c
Co., com.
(quar.),,,124c
6%
1-21
$2
1-20
-
3-15
45c
'
(increased quar )—,
Extra
2-15
$1.75
'
1
'
<
Co., 5% pfd.
preferred (monthly)
41 %c
(quar,)—.4———
2-
10c
(quar.)—--i--,-,—
B
1-15
1
'
.y
yyyyyyY■ ■y:.;.'"'
(accum.$1
2-1
1-17
class A pfd. (quar.)„,_ $1,124*
2- 1
1-10
Co., 44%
Gold
(monthly),
preferred
"y.,.
Edison
preferred
Puget Sound Power & Light (irreg.)
Subject to the approval of the Washington
Dept. of Public Service
■
1-18
1-21
3-31
y
1-18
1-21
$1.25
2-
$1.20
.
;
1-20
1-20
V.
1
1
3-15
2-15
2-15
$20c
1
1
50c
(quar.),,
2-
2-
"
;
■
2-
2-
(monthly)—
2-15
$1.50
50c
preferred
2-15
1
$1.75
Trane
%
Public Service Corp. of N. J., $5 pfd..
(quar.),
1-21
1
3-
preferred
yy 6%
7%
common
1-31
Oil
Toledo
1-25*
41V4c
1
3-
conv.
conv.
preferred
Toburn
(stock
quar.)—,—
2-
Light, 7% pfd. (quar.)_„,„
2-15
.
$1.50
1-15
(quar.)„
Texas Water. $6 prior preferred
(quar.),,,,
Thatcher Mfg., $3.60 preferred
(quar.)_,__,
Thomas Machine
Manufacturing Co.
__i.
Thompson (J; R.) Co.
3-10
2-
2nd
$6
3-1
4-
3-25
$1,374
:
1-21
Yy
(quar.)
Texas Power &
4
3-1
2-1
1^ 3
$1.62Va
_
1-17
1
1
$1.50
1-15
2-
'
25c
$1
.Mine Hill & Schuylk'll Haven RR.
2-
1-11
-:
1-15
1
: 374c
124c
(quar.)
Special
Tacony-Palmyra Bridge. 5% pfd. (quar.)—
Tech-Hughes Gold Mines, Ltd. (interim)
Texas Gulf Sulphur (quar.)_„,y
1-11
1
2-1
1-3
50c
Hart, $1 prior preferred (irreg.)„_^
prior preferred (irregular)
2-1
3-
1
Purolator Products, $4V4" preferred
(quar.)—
Quaker Oats, 6% preferred (quar.)
x_,—
Quarterly Income Shares, Inc. (irreg.)
Quebec Power (quar.)
—,4
^ 2-1
„$2
$1
y
Co.
Swift & Co.
1-17
1
.
50c
—
2-
,
$1.75
$4
Sun
1
2-1
.
;
Suburban Electric Securities Co.—.
1-10
2-
2-1
;
1
2-
2-
58V3C
7%,
1-20
50c
common...
1
2-15
2-
B
1-31
2-
25c
(irreg.),
3-
1-11
$1.75
Public Service Elec. & Gas, $5
pfd. (quar.)—
1-31
*
$1.50
Miller &
&
2-1
$1.50
Reclaiming (quar.)—,
Mississippi Power
2-15
2-
1-11
,1-20
$1.50
preferred (quar.)
20c
2-10
12-15
;
$1.75
class
2-10
50c
(monthly)
•
(monthly) —_,u,—————-
8%
$1.75
-
1
$2.50
B
$1.75
Strawbridge& Clothier, 6% prior pfd. (quar.)
$1.50
Struthers Wells, $1.25 pfd. (accum.)
93%c
$1.25 preferred
(quar.314c
1-17
1
(A.)
Stott Briquet, $2
1-17
,
2-1
75c
(monthly)——„
yy 7 % preferred (quar. )•„W--4i_,.4,4,,-
1-24
1-21
$1.50
preferred—
preferred (quar.)
'
1-21
(initial
non-cum.
2-15
5
5%
1-24
1
$1.75
(accum.)
(accum.)
2-
25C
preferred
1-31
2-
(initial
6%
2-1
(initial quar.)
quar.)—
2-15
7%
preferred
6%
1-31
';J-25c
•
Stein
Sterling, Inc., $1.50
preferred
1-25
$1.75
..
(s-a).
1-25
1-26
SI.50
class
1-31
of
1-20
50c
(quar.),—:
1-31
2-15
.
Gamble
2-10
(The), 5% preferred (quar.),
Canada, common (quar.)
preferred (quar.),
Co.
7%
3-25..
~.
&
1-15
40c
(irregular):
2-1
$1.75
(quar.),
1-15
2-15
Standard Wholesale Phosphate & Acid Wks.—
y'
Common.
—40c
6%
i
2-1
'.1-31
1-31
,
.
preferred
1
2-1
Standard Stoker
''
(quar.)—
" 2-
(quar.$1,124
Standard Dredging Corp., $1.60
pfd. (quar.)
40c
Standard Oil of California
(irregular)_,____
50c
,
pfd.
2-29
1-20
;
6%
2-29
1
1-20
gtd. (s-a)—
pfd. (quar.)___.v_y
Power,
1
4-
124c
com.
common
A
series
2-15
2-1
t40c:.
1-31
4-
Stanley Works
2-
25c
series
preferred
Steel
2-
$1.10
$4.25
1-25
75c
(Me.), 5%
1-29
^I$1.62V'2
(initial quar.)
R.) & Sons—
1-13
$14
(accum.)—,
2-5
com.
1-31
$2.50
pfd.
1-20
1-29
374c
Power,
Kellogg & Sons—
(E.
1-20
1
5
2-10
:
preferred
1
2-
25c
(quar.)
y 1-15
1
2-
2-
$30c
Chemical,
2-1
,
yy:- 35c
__-y"
Co., 6%
(quar.)
Electric
Common
1
1-17
3-1-
6%.
35c
25c
$2
California Edison—
2-
;
314c
(quar,)
1-10
$20c
1
1
2-
50c
10c
1
'y'2-:'iy-
t75c
y for each 100 shares held_—
Public Service of Colorado— «,;
1-20
$1.25
$1
preferred
(quar.)
Michigan Gas &lElectric~
•
,
(quar.-)——50c
(quar.)
& Mfrs.
Merchants
common
12-31
2-1
■
—25c
Shoe
'Mercantile
19c-
1-31
15c
-
Special
2-
.
y.V 30c
y-
2-1
Standard Brands, $4.50 pfd.
•
1-15
2^1
.40c
69c- preferred
(quar.)—$1.5,Q
•'Meadville Telephone (quar.)^__„:
yiVzo
Melville
:
fl5c
1
5% pfd. (quar.)
:
$f.25
(quar.)_____—
' 25c
Porcupine Mines (quar.)__--y^__-. f55Vac
Electric
;
1-20
$1,124
Prosperity Co.,. class A. &
dividend) three shares of
-
Common (year-end)
•McCrory Stores Corp.,
Coke,
Co.
preferred
Procter
r'--
,
Gas &
54%
y 1-14
I
1-15
$1.50
(quar.)
preferred (accum.)
Potomac
12-31
75c
-
7%
2-
2-15
324c
(quar.)
1
$.3
*
•
2-25
3-
$1.12Vr**
(quar.)$1.50
.(quar.)._1i-__i._^_w_—35c
Corp.
McColl-Frontenac
RR.
7%
preferred
McCall
2-15
Y[2- 1
$32.37
Portland
1
——
1st
$5
75c
Valley RR
preferred
Portland
2-
.20c'
Bonding & Insurance (quary
'Massawippi Valley RR. (s-a)
Maytag Co., $3 preferred (accum.)_
McGraw
Bureau
1-20
2-10
30c
common
preferred
Squibb
1-15
,
"
1-31
50c
::
(quar.)
Massachusetts
$6
8-4
y
(quar.)»——--.
participating (quar.)_.
Marshall
New
1-15
2-15
$1,064
'fruS.;<■
stock
Masonite
5-
8-15
•
$1.50,
common
1-20
2-15
Phodnix Hosiery, 7%
1st preferred
Pittsburgh Bessemer & Lake Erie RR. (s-a),
Pittsburgh Forging Co. (quar.)
Pneumatic Scale, Ltd., common (irregular)—
5
5-15
11-15
$i.50:
:-,y $1.50;
Bancorporation—
2-1
$1.25
'
$l5c
Co., Ltd
Common
of California-—
.
1-20
3-10
preferred
;; Spencer
1-18
1
(quar.),,,—$1%
Sparks Withington Co., 6% conv. pfd. (quar.)
$1.50
1-17
50c
2-
4-1
(accum.)
Canada
2-25
$20c
(quar.)_,_,,___
1-17
t$l%
Corp,
(quar. ),___y______
Light, 7% preferred (quar.)
1
1-18
62VaC
■.
64%
1
$25c
~y
^
2-
1
$1.50
Southwestern Public Service—
1
preferred (quar.)
Phillips Jones Corp., 7% preferred (accum.)
Phillips Petroleum Co. (quar.),
^
2- 4
1-21
2-
30c
com.
1
2-
:•
1
i;
Southern Indiana Gas & Electric
Co.—
;
4.8%
preferred
-50c
j
1
32-
y! <;;
Corp,
Common
$1.50
4Vi%,
■
2-15
2-15
7%
Southern
1-31
'
.Marathon
Initial
2-15,
2-26
Oil
Southern
1-31
55c
1-31
1-31
—
1-20*
25o
common
6% preferred (quar.)
Southeastern Greyhound Lines, com.
1-31
4-1
(quar.),,—
preferred
4Va%
5
25c
.
(quar.)
preferred (quar.)
Manischewitz (B.) Co., 7%
2-
$1.50
Corp. (quar.)
(quar.),.
6'e
Marine
2-15
preferred
4-20
3-
$23c
(quar.),,,,,,
City Gas & Electric, common
preferred (quar.)
Sioux
'.
2-15
58 4 C
Philadelphia Electric, 4.4% pfd.
Philadelphia Insulated Wire
Philip Morris & Co., Ltd.—
1-14
1
2-25
'25c-.:
(quar.)^i-__u^^y___^^„
.
2-
64%
Sinclair
4
2-15
preferred
Peoria &
2-15
$i.3l(4 y
Strapping,
Dairies, Ltd., com. (actum.)
participating preference (s-a);
Simpson's Ltd., 64% ' pfd.._
1-13
$1
•
preferred ;(quar.
Pennsylvania Power, $5 preferred (quar.)__
Peoples Nat'l Bank (Brooklyn) (s-a
2-15
$2.50
(s-a)_
Mackintosh-Hemphill Co.
•
1-
1-31
t25c
6%
-
Luzerne County Gas & Electric—
.
1
2-
'
3714c
_„4,
preferred
'.Penman's
1-22
,1-13
3- 3
'
$4
'
Y'-y.
54%' preferred (quar.)i
Lynch; Corp.,y^_ly.^_iiywy^yi;S2i-^E-X::
1-15
1
4-20
40c
Extra
.
3%
1-15
1
25c
(irregular).__
Louisville Henderson & St. Louis Ry.—
y.
Common (s-a)
.i,,,,..,.,.,,,,.;
,
1
2-
87 VaC
,
—
2-17
2-1
$1.50
,,„wT
(quar.
Service, $1.30 pfd. (quar.)_„
Parke Davis & Co, (irregular) 1
^
Parker (S, C ) & Co., class A (quar.)
40c preferred (quar.)
Pearson Co., 5% pfd. A (quar.)_____
4
Peninsular Grinding Wheel
Peninsular Telephone, $1.40 cum. cl. A (quar.)
1-18
y,
2-
.
Pacific Public
1-15
2-
...
1-21
$1.50
','y 6%; preferred
-
'2-11
1
3-
2-1
5-
3-15
Silverwood
1-31
,
(quar.)
Pacific Power &
4-15
2-25
Silex
1-22
25c
37»4C
$1
(quar.)
3*15
.
1-20
1-20*
$$1.75
preferred (quar.)_____
Co.
(quar.),
1
2-25
1
874c
S2.50
2-10
3-13
5-1
■
Signode
2-15
1-20
2-10
$20c
1-21
2-
.
2-1
(quar.)
1-15
$1
12-31
25c
2-10
Steel
1
$1
3-
1
12-31
$1
2-1
1
1
2-
$1,124
(interim),_r_:
3-15
Pacific
2-15
1
3-
.
Light, $6 pfd. (quar.)
& Nashville
5-
.
$25c
(quar.
;
^
:
1
t25c
J
:
2nd preferred (quar.)__
(quar.)
2-
.:-y" i5c
.Loblaw Groceterias Co., Ltd., class A (quar.)
Class
3-1
Common
2-15
Pacific Finance Corp.
5%
preferred
5
2-
.
4-1
'
25c
!'
2-15
2-15...
1
1-21
$3.50
Oliver United Filters, class A
(quar.)
Ontario Steel Products (quar.),,-,,,
12-10
:
1-20
1-17
12-15
2-
45c
(quar.)
1
3
2-
$14
preferred
2-10
2-
50c
;
(quar.)
Sierra Pacific Power,
common_,„_„_____,_
6% preferred (quar.)
2-
'
2-15
2-
$$1.75
Sharp & Dohme, $3,50 preference A (quar.)
Shawinigan Water & Power (quar.),_i„___
Sheraton Corp.
(quari),,,,,,..,^,,,,-,,^^
Sherwin-Williams (Canada), 7% pfd. (quar.)
15c
yOverseas. Securities1
1
3-
44%' preferred A ;(quar.)u:y„w-y^-_viv-.; v,$1.12-Vi.
4 4 % preferred A
(quar.*)-—,—
$1.12(4
Loblaw Groceterias,
3-
1-29
15c
Extra
1
12-20
10c
y
2-16
50c
2-10
(quar.)
4- 1
7%
'.'V'
convertible
preferred
(N.)
2-1
50c
3-
$1'4
2-21
25c
preferred (quar.)
Seaboard Oil (Del.) (quar.)
Secord (Laura)
Candy Shops
1-14
1
25c
(quar.)__,_„„„
(quar.),:
Agricultural
Okonite Co.
'
,1V
$4
1-14
2-
2-1
$4
1
y. 2-1
1
1-20
2-15
(quar.)
common
1-15
1
2-1
$1.05
:
(quar.),,
Distillers
preferred
1-21*
20c
preferred
$4.50
1-15
3-
•
com.
preferred
Smith
$6.60
1-20
'
conv.
Shops,
Schenley
Scott Paper,
i-15
1
2-19
2-15
Slaton
$7
2- 1
1
1
y 2-1
*
3-14
:■
2-
1
2-
$4V2
3-15
1-15
$1%
(quar.)
Saguenay Power. 54% Pfd. (quar.)t$l,37 4
Joseph Ry., Lt. & Power (quar.)
$1.25
St. Lawrence Flour Mills, common
(quar,),4:'
$35c
2-1
1
1-21
1
1-15
1-31
2-
1-21
2-1
2-
3-1
1-^5
& 1-31,;:.:,
2-15
2-
2-15
:
2-15
$1.50
com
15c
2-15
$14
3-21
1-14
2-15
■
-\C
1-14
l
y'
$1.62'4
$1.25
(quar.)__
preferred
1-17
■
2-5
1
y.: 1-15*
4-1
■
:-yy,75c;:;';--
Lima Cord Sole & Heel
Link-Belt Co., common
...
$1
t2c;
;
64"io preferred
Liquid Carbonic Corp.,
,:
2-18
1
1
2-
15c
Custom
Leaner Stores, 44% preferred (quar.)
Liberty Loan Corp., $3.50 pfd. (quar.
Life Savers Corp. (increased).
.Liggett & Myers Tobacco, class B (quar.
.
22-
'■
75c
-
y
2-29
:
1
2-15
1
$1.50 class A
1
2-
St.
Dock—
$1.50 class AA (accum.)
3-
15c
(quar.)_„___,
15c
$1
1-21
15c
Ogilvie Flour Mills, common (quar.)—
7 % preferred (quar.)__
Ohio Casualty Insurance Co. (s-a)
Ohio Ediscn, $7.20 preferred
50c
,
Y.)
1
2-1
.
;
(N.
1
3-
"
1-14
1-17
1
3-
4-
1-31
'
__
2-1
$1.75
preferred (quar.)__
Moffatt <fc Co.—
1
2-
2-
25c
7%
2-
2-
20c
Rubber,
1-15
$1
13c
40c
Tire &
1-19
50c
4-21
O'Connor
4-15
•;
1
1
7-22
(quar.)
New
1-25
1-31
2-1
374c
Northwestern States Portland Cement
(quar.)
'
1-14
I
of
2-15
314c
conv.
Saco-Lowell
10-20
Western Ry.. adj. preferred (quar.)
Oil Consolidated (quar.)
RR.
35c
37V2c
50c
5, 10 and 25c Stores
Rutland & Whitehall RR._
1-22
5-
20c
(quar.)
Co.
Insurance
Norwalk
l-n
2-15
2-
Merchandise
1-25
Service, class A (quar.)
Rose's
1-15*
l
8-1
Brake-y.y___^yy,-yyy^:
Hampshire
Northwest Engineering (irreg.)
::y3-ll'.i':
l
4-
Northern
2- 4
.
2-1
2nd
preferred (quar.) —^
yy $1.75
Lafayette Nat'l Bank
r
si
Lane Bryant, 7% preferred (quar.)
$1.75
t..L~
Lamaque Gold Mines, Ltd. (interim)
v.y uoc
Lanston Monotype Machine
50c
Lebanon Valley Gas Co., 6% pfd.
75c
(quar.)__ y
,,
preferred
1-10
2-15
interim35c
$1.25
y '7%
Northern
1-20
y
1
3-
1
2-
10-30
10c
convertible, preferred (quar.)
Pacific Ry. (year-end)——
2-28
:
2-21
2-
.
2c
American
1-25
2- .1
com.
7% 2nd preferred (quar.)
6%
25c,
York
$1.50
1
2«
1-15
;
$i(4
;
-
North Carolina RR., 7% gtd. (s-a)
Northern Illinois Corp:,
common
y--':i-'.4:v.y
,
2c
.
$1.50
1-20
1
V:
50c
t
(quar.).
(quar.)
1-18
7%
Air
1-10
1
(initial)
$1.50
1-15
2-1
(quar.)_.——
New
Process,
1
2-
Rochester
,
New York
2-
$1.75
•
Rockland
1-15
1
3-15
Mur, $2 class A (accum.:
New
$1.31V4
.,
v.
5c
2-25
%
1
2-
1
2-
2c
1-15
3-1
$1.25
$.1.06 V4
yH.- 20c y
2-
50c
.
;
preferred
pfd. (quar.)
preferred (quar.),—
Transit Corp. (irreg.)__.,
Light & Power (quar.)__
'
Rolland Paper, Ltd., common
(quar.)
6%
preferred (quar.)
Roos Brothers, $6.50
preferred (quar.).,,,,
1-11
England Water Light & Power Assoc.—
6%
(quar.
Riverside Cement
Co., $5
Rochester Button Co.—
1-18
2-1
2c
1-15
:
Richmond
'
(quar,)_
4-15
preferred (quar.)
Rice-Stix Dry Goods (irreg.)
2-16
2-1
50c
y.2-15'.- y, Newport News Shipbuilding & Dry
;y i-i5"V
i 5 % conv.; preferred (quar.) —
1
Y3- 1
15c
(quar.),.
England Fund—•
,,
Ctfs. of beneficial interest
1-21*
2-1
:10c
25c
75c
B
1
$2
1-20
;;';y 25c
preferred
5-
B
Rhode Island Public
1-15
1
$1.75
New
.1-15
1
2-
10c
.
(quar.
1
2-
1-19
4-15
15c
(quar.),^.,
.
2-
50C
of Rec.
1-31
5-1
Extra
-7c
:y
'
common
1-15
(quar.)
"
Knitting Mills,
1
Tea
New
;
1-22
2-
!-■f
Newberry (J. J.) Realty Co., 6% pfd. (quar.)
6(4% preferred, Class A (quar.)
Newberry (J. J.) Co., 5% pfd. A. (quar.)
:
r 2-1
:
87 Vic
pfd._
(quar.)
1-20
1
& Light, $6 preferred
$1.50
Co., 5(4% preferred (quar.).,
13%C
,'vNeisner Bros., Inc., 4%% pfd. (quar.)
\l: $1.18%
1-10
1.
1-27
1
2-
Power
National
.
2-28
2-
5%
2-
,
15c
;
(quar. interim)__^„
Mfg., 6% preferred (quar.)
preferred (quar.)
Rheem
1-17
«" 2-21
.w—s-i—,-,y:
National
'
2-5
2■it
1-20
25c
)'/
6%
Semi-annual
y-l-15.;
2-15 y;,
/
Lead,
Class
1
56 (4 c
(quar.)
Products
1
25c
.
.
Holdert
Payable
5c
Reynolds (R. J.) Tobacco—
1-31
2-
50c
10c
Welding Machine
2-
When
.
1 hare
Revere Copper &
Brass, 54%
7% preferred (quar.)^
2-15 '
12-31
/•National Liberty Insurance Co. of America-
1-20
3-.1,
$1.50
.
Quarterly _,y,,
Quarterly
Quarterly
National
1-21
y.
2-1,.
$$iy2
Jewel Tea Co., Inc., 44%
preferred (quar.)—.•
Kalamazoo Stove & Furnace Co. (quar.)
v
Electric
Nestle-Le
.
pr.
Distillers
y':.
1-21
-
.
2-1
_
25c
,? nv/z
Ironrite Ironer, common
8%
preferred (quar..)
Jantzen
5%
2:1,
1-31.;.
..
$22
Y
Intertype Corp.
.
2-29 y
2- .1
,
25c
(quarV)__
International Utilities Corp., $3.50
Interstate Department Stores—
Container
:.y
.
Canada—
(quar.).
preferred
conv.
National
•
;.
.
,
$1.75,.'..
V
(liquidating)
International Metal Industries, Ltd.—
6% convertible preference (quar.)
,
i$l
Co.,, 7% pfd. (quar.)
"A"
1-10
4- 1
40c
$1.50
International Machine
Tool;(quar.O--i_-yw:
International Match Realization
preference
2-3
.2? 1,
2%C..-,
.
y 2-15
preferred B
Common
&
National
•
-
_________________
convertible
.i.6-10
3-1
Chemical
National
(quar.:)
Inter-City Baking, Ltd. •( irreg.) ___^,_y,-_.yy;
International Detrola Corp.,.new (quar.)
International Harvester
6%
7- i
62VaC
75C
Mfg
National City Bank (N. Y.)-(s-a)
National City Lines, class A (quar.)
1-15 • y
2-1
yy, S2....
shares (irregular)
preferred
,
National
1-25
$1.75
$5
6%
2-15
■
;
yyyyyyyyyY
.
—
,
12-30
2- 1
3- 1
;;
5
$1.50
•••
__
Leased Lines, 4% gtd. (s-a)
Illinois Power, 5%. preferred
(aceum.)
Indiana Associated Telephone Corp.—
Corp.,
2- 5
2-
2-15
v;:40c '• '■; 2-21
preferred
Bank group
y
.2-15
.
1-31
6%
».■'
f;.„,
(quar.),.
Manufacturing Co. (irreg.),:
■.'[
Narragansett Electric, 4(4% pfd. (quar.),.
Nation-Wide Securities Co. (Colo.)—
y.
•y.;Series B (irregular),
■y.;: National Battery ,y..'-y__
National Bearing Metals, common (quar.)__
?
7% preferred (quar.)
1-24
1-12
2-15
3-15
(quar.)
,
Name of Companv
Republic Investors Fund, common
6% preferred A (quar.)
2-25
1
t38c
:
Cons,
•
Nashau
1-15
1
Power
■
-
ret
3-15
2-
t$l
t$1.75
City Copper (irreg.)
Paper, 5% 1st preferred
Munising
l-is
2-
75c
Mountain
1-20
;v
,
1
2- 1.
25c,
>
__1
■
.
•1-22
.2-10
Light Heat &
$1.50
(quar.)—.,.
partic. preferred (quar.
Moore Drop Forging, 6%. non-cum. A
(quar.)
Morrell (John) & Co. (increased)
1-12
1
2-
,'V
•
S3
2-15
1
2-
$1.50
(quar. ),_,___
2-15
2-
15c
preferred
(quar.)
Institutional Securities, Ltd.—
1
34%c
.
3-1
•
$1.75
(quar,)
$6 preferred (quar.)
Illinois Central RR. Co.—
,■
7%
Montreal
,.
Hydro-Electric Securities, 5%: pfd. B (s-a-)- "'
25c
Hummell-Ross Fibre Corp.,. .6& pfd.
(quar.j^:#: $14
Interchemical
4
Cottons, Ltd., common
preferred (quar.)
1-29
__
,
Montreal
1-29
,
7%
1-24
2-
Huston. (Torn) Peanut,...eom.
-•$3 preferred <ouar.)
Idaho:Power,
Power
2-15
Hussman-Ligonier (quar.)
v
Montana
(quar.)„„,
Co., $6 pfd. (quar.)__.
2-29
40c
v
(quar.)
preferred
1-15
•.
2-15
3- 1'
2nd pfd.
of Bec.
1-20
483
Holder«
2
3-
Share
(quar.)
preferred
1
:
\
class A
Co.50c
6%
preferred
$6
5(4%
2-
& Hardart Co.
7%
Society,
.(quav.)™-*y-r;.,;i~—.y;, $1.50
&
When
Pav'ble
2-
Name of Company
Loan
Monroe
1-15
2- 1
'
pfd.
(quar.)____„_^__ ',r
8%c
(N, Y.),.,_,__„y„_.,_,:'/..
40c
(Joseph) Co., 6% pfd. (quar.)—
$1.50
Houston Lighting & Power Co.
(monthly.)., /V' 30c
1
Per
2-, 1
y $1.75
:. """ 60c
-
Home
.
.
1-15
2- 1
participating
Horn
Hoiaeri
'
,,
(s-a.)
(George A.)
preferred
Horn
'
Payable
.y"> share
(quar.)
Homestead Fire Insurance (Bait.)_,_,
Hooker Electrochemical
(quar.)
Hormel
When
•-v...
-v-k..;.,-
50c
5-15
4-10
$1.25
4-15
$1.25
7-15
7- 3*
40c
3-10
2-25*
40c
6-10
5-25*
*
4-
3*
Monday, January 31, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
484
r:;
Name of Company
Tobacco,
Leaf
Universal
Co.
Utah-Idaho Sugar
__
.
Vertientes-Camaguey Sugar
—-
Co7,
Detinning
common
(quar.)—-————
preferred
$1
Brothers, $2.50 class B
Warren
—-
Gas Light, common—
preferred (quar.)——
preferred ' (quar.)—
Washington
$5
—
■»i-25
$1.12J/a
$2.50
$24.50
preferred (quar.)——
■
5% preferred (semi-annual basis)-,——-
57c
Webster-Eisenlohr. 7% preferred (accum.) _
Welch Grape Juice Co.—
l7o preferred (quar.)—
7% preferred (quar.)—————
7% preferred (quar.).
—
—-
Engineering Co.
Wellman
—j
—
$1.75
17o
Virginia Pulp & Paper—
4>/2% preferred (initial quar.)
West
$1.12V2
2-15
$1
$lVs
:
Corp.—
- ;
(accum.)__
Wilson
&
Wilson
Line,
183/4C
18%c
183/4c
7%
conv.
1%
conv.
—
c.—
.
chasing
Extra
-——>
-
—
30c
20c
(s-a)——
Wisconsin National Life Insurance
'V
-
U.
Government
S.
Other securities
;
—
(Alexander & James), 7% pfd. (accum.)
Woolworth (F. W.) Co.
$$1.75
——
40c
(Win.) Jr. Co., common——
Wurlitzer (Rudolph) Co
Young (Thomas) Nurseries (irregular).—
50c
'40c
$1
Wood
Consolidated Gold Fields
Yuba
Zeller's
Ltd.,
S.
books
•Transfer
+
64
+
82
4,678
—
14
+
2,777
securities
12,026,120
guaranteed..^
+
113,336
+
6,296,644
+
96,276
136
\
86,307
+ 6,308,763
4,494
+
89
+
•
—
assets
+
33,808
+
1
29
v
34,015,949
assets
F. R. notes in act, circulation-
Deposits:
327,697
—
4,084
—
5*
28,573
151,608"
:
+
5,809,67§
B
16,907,039
1,368
+
+ 4,750,394
v
3,843
U. S. Treasurer—gen. accts..
+
577
+
4,874
11,487
13,002,116
52,504,
351,252
275,744
—
228,900
+'
1,530,778
+
9,223
+
462,936
Foreign
+
24,629"
+
30,139"
+
765,645'
125,118
+
243.593
1,271
+
737,117
,
75,372
134
—
Total deposits
515
—
34,862
+
554
6,274
+
21
937
—264
866
—
—
7,020
Total liabilities
460
+
1,321,936
availability items
Other liabs., incl. accrd. dlvs..
46
+
2,198
15,347,082
Deferred
672
—
9
255,678"
64,388 1 "
—
-
Member bank- reserve acct..
25
—
35,172
premises
+
122
+
544
1,645,859
+
152,618"
33,583,077
3,187
.....
5,762,819
+
Capital Accounts•
Liabilities—
Time
*
Capital
deposits
U. S. Government
...
Interbank
deposits
~
interbank
52
U.
S.
Gov't
+
8,919
27,686
3
+
62,123
899
+
+:
:.'-+•
34,015,949
—
151,608"
139
10,113
1
5,809,676
+
Ratio of total res. to deposit Si
62.4%
F. R. note liabilities combined
Commitments
deposit accounts except
and
+
26,968 m,,
Total liabilities & cap. accts.
100
14
108
188,097':
paid in
(Section 7)
(Section 13b)
Other capital accounts
Surplus
425
8
+
trial
make
to
.1%
+
16.0%
—
indus¬
46
9,452
advances
2,718
—
accounts,
week
1-15
19
•Jan.
12,675
1-12
1-15
120
4*
68
;
demand
to
+
825
;
—
•Ct
+
155,684-
Surplus
5,390
8,965
banks
Foreign banks
Debits
6,252
+
deposits:
Borrowings
1-15
!
deposits-adjusted
during
revised.
figures
;
Foreign Exchange Rates
is now
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank
Pursuant to the
cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world. We give below a record for the week just passed:
.
,
,
and
—1,155
"-2
-r
9,003
...
-J.
Balances with domestic banks
1-20
2-19
1-28
,
6,423,291
Liabilities—
86
215
—
45
vault
+
securities,
U. S. Govt,
Total
35
+
131
.+
,
for this dividend.
closed
not
7
1,785
2-10
Jamaica Income tax.
30 7c
xLess
—
60
17,876
In
1,597,290
14,463
from
Bank
240
+
—
9
8,859
bonds
+
1,230
Treasury bills
Treasury certificates of Indebtedness
Treasury notes
3- 1
2- 1
i37Vssc
(quar.)
880
+
2
—
3,154
Other loans
643,414
+
+
Uncollected items
'I
300
____
Reserve with Federal Reserve Banks
1-15
2-1
'
*20c
—
Other
1-15
2" 1
$20c
____
—1,080,523
—
...i.
12,060,543
Total bills and securities
50
if
U.
1-22
1-22
2- 1
5c
.—
———
preferred
67c
;
(quar.)—;
common
Extra
Total
:
+
''
98,000
t
~
1,102
2- 1
3- 1
2-9
.
'
Wrigley
1.041
+
Other
banks
to
Demand
2- 1 •;
2- 1
$1.25
_
+
290
;■
7,034,265
11
596
1,790
;
+
-
47
Obligations guaranteed by U. S. Government
1-15
:
Bills
12
4,033
13,909
—
873
+
677,900
2,676,690
+
+
288
-v.
1,637,265
_J.
—
836
_
obligations
10,116
foreign banks..—.
F. R. notes of other banks.;—
...
Government
Domestic
(quar.)
preferred
obligations
17,942
~+
direct
Bonds
Due
+
-
16,772
.
8,531
pur¬
Loans
Wisconsin Public Service Corp.—
5%
for
58,193
828,024
—
securities,
Gov't,
direct
Real estate loans
4-29
7-31
2- 1
2- 1
r.
dealers
224,873
—
16,772
....
n
;
Certificates
187
•' '
•
24,307
+
10,763
Other securities
'
1-31
—'$V/2
and
24,307
discounted
bills discounted
Notes
Other loans for purchasing or carrying:
Cash
,
U::,
carrying:
or
S.
U.
t
1-31
.
preferred (1897) (quar.)
6%
brokers
3,334
■
+
—
by U. S. Gov't obli¬
353
agricultural
6,349
to
Loans
1-25
1-12
2- 1
2-15
5-15
8-15
Wisconsin Electric Power—
and
+
20,123,544
+
49,892
-
industrial,
6,055
+
and guaranteed:
1-20-43
1-12-44
1-19-44
,
loans
'
preferred (quar.)_
preferred (quar.)——
preferred (quar.)
conv.
S.
994,704
—
279
+
Industrial advances
+
dollars)
investments—total
Commercial,
1-25
2- 1
2-15
$lJ/2
(accum.)
preferred (s-a)———
1st
& Crampton Corp.—
Winters
7%
5%
and
Loans—total
3-22
1- 8
1-10
2- 1
2-1
$2.50
$6 preferred
Co.,
V
Assets—
Loans
:
50c
prior preference (quar.)__50c
demand
to
O.
,
^
^
debits
of
and
Increase (+) or
2- 1
.
2- 1
2-1
J$1.25
convertible preferred
$2
banks,
+
366,116
bills
Total
Decrease (—) Since
'*'<
—
$1
2- 1 ^ 1-25>■
5'/2% convertible preferred (quar.)—— $1.37yaC
2- 1 J; 1-25
White (S. S.) Dental Mfg. (quar.)—30c.„
2-14
1-29
$4
member
258,853
reserves
Other
3,000
■
gations, direct & guarant'd
and liabilities of
2-14
«
4-1
% pfd. (quar.)
Weston (George) Ltd., 57o preferred (quar.)
Westvaco Chlorine Products, $4Vfe pfd. (quar.)
Western Tablet & Stationery, 5
White Sewing Machine
reporting
1-17
1-21
/
-1-9,498,5751-
cash
Secured
of the principal assets
summary
Jan. 27,'43
Jan.19,'44
hand and
on
Bills discounted:
deposit accounts, follows:
2-15
2-1
1-17
,c
„
Wheeling & Lake Erie Ry.—
47a prior lien preferred (quar.)
,,
o-io
2- 1
75c
(reduced)————
Co.
Mfg.
Point
A
5-15
2-15
(quar.)—<$1.75
preferred
West
o-Jl
3-1
2-15
2-15
10c
25c
SI.50
-
Penn Electric,
West
..
(In millions of
"
Other
$26,000,000 in the Chicago Dis¬
000,000 at all reporting member banks.
os
o-lo
o-io
1-15
5-31 -
certificates
Total
2-15
^-29
$1 conv. preferred--——
6% preferred (quar.)—
Wentworth Mfg.,
in New York City,
Increase ( + ) orDecreasa
■
Jan.26,'44
t
■■
§. Treasury.*—•
Redemption fund—F, R. notes
trict, $25,000,000 in the Kansas City District, and $120,-
1-25
$1-75
;■
(—) Since
Deposits credited to domestic banks increased $30,000,000
i
6- l
1-31
Elec., 5% pfd. (quar.)—
1
Assets— :■
$264,000,000.
1-15
1-15
2-10
3- 1
6- 1
(In thousands of dollars)
Gold
1-15
;
Reserve Banks Combined
f
in
due from U.
it
9
,1
$1.25
S1.25
$4.50
Washington Ry. &
<-io
4-10
?"i2
$419,000,000
increased
$554,000,000 at all reporting mem¬
ber banks.
United States Government deposits declined
in all districts and the total decrease at all reporting
3-10
t-5c
J-io
Sift2- 1
67»/2C
: 2- 1
37 Vac
2-1
——•
(s-a)
(s-aI——
$1.35 Class A
deposits-adjusted
New York City, and
member banks was
'
Statement of Condition of the 12 Federal
'
Demand
;
l
reporting member banks. Obligations guaran¬
States Government increased $45,-
by the United
000,000.
4-ij>
4-20
(quar.)
Common
,
3-20
o-
$1%
teed
1-12
2- 4
5- I
$XVf
preferred (quar.)_
—
Walker (Hiram) Gooderham & Worts—
17c
of Rec.
,
,
*
37y2c
(irreg.).—
(quar.)
nreferred
fi%
Vulcan
:
—
2- 1
2-25
,
„„7,0c
37 /2c
-
preferred (quar.)
Virginian Ry., 6%
when
Payable
SI
vM®'.
(quar.)__
common
000 at all
Holdert
Per
thare
.
FOREIGN
EXCHANGE
'
tPayable in U. S, funds, less 15% Canadian non-residents' tax.
JPayable in Canadian funds, tax deductible at the source.
Nobresident tax, 15%; resident tax, 7%.
a ^ess British income tax.
RATES
FEDERAL
BY
CERTIFIED
'
'
'
JAN.
;
TO
21
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
1944, INCLUSIVE
'
'
JAN. 27,
.
.
'
•
.
.
«
Noon
Country and Monetary Unit
Value in United States Money
Jan.22
Jan. 21
Gcndilion Statement of Member Banks
Argentina, peso-+":
The condition statement of
of
Federal
the
weekly reporting member
System in ? 101 leading
Government
obligations
and
deposits-adjusted, and a decrease
United States Government deposits,
of
$264,000,000
,
in
„
increased $83,000,000 in
reporting member
banks, and declined $33,000,000 in the Chicago District.
Holdings of Treasury certificates of indebtedness in¬
creased in nearly all districts and the total increase at all
of Treasury bills
Holdings
New York City and $64,000,000 at all
reporting member banks was $82,000,000.
United
Government
States
Holdings of
..
_
.051275"
1
Free
.909090
.895234
-
of
shares of
its class A
common
pound.
Africa,
.301215
.301215
.301215
.205820
.205820
.205820
.205820
.909090
.909090
.909090
.891875
'
,
■'
3.244203'
'•
:
-...v
■/'
;
public at its liquidating value of $100
Co.
of
shares
134
share.
its
of
common
stock
held
(13)
Service
Co.
sufficient
\ :v+"V
.7-
advance to Southwestern Light & Power Co. by
of Oklahoma on open account without interest of
The
to
a
sum
Service
Co.
(14)
The
acquisition
per
Oklahoma
of
transfer
by
by Public
pursuant
the exchange offer;
to
Light
Southwestern
Service Co.
of
&
Oklahoma
Power
all
of
assets
the
the
arid
assumption of all liabilities of Southwestern Light & Power Co. in
exchange for any advances made to Southwestern Light & Power Co. by
Public Service Co. of Oklahoma and all the outstanding "capital stock
of
Southwestern
Oklahoma.—V.
Light
158,
p.
& Powef
2620.
Co.
held
by
Public
Service
Co.
of
■
The
corporation
Net
t
rate.
:■'?
dividends..
Real
1943
1942
1941
$3,090
.
$3,075
$3,180
Net
as
Jolliffe,
also
soon
Chief
declared
line of FM
research
"In
that
the
the
transmitters
before
tunity to
26
announced
the
plans
to
manufacture
a
complete
incorporating novel circuits developed through
but which RCA had not yet had an oppor¬
into
inv.
pfofit
in
Wabash Ry.
apparatus
period," he
manufactured
stated., "all
RCA
9,030
4,106
$9,773
18,313
■
'
Net
profit for the
Note—(1)
Dec.
31,
The
shown
securities
and
period—....
unrealized
based on
1943,
The
(2)
June
at
6,718
30,
broadcast
$9,773
1943.
with
equipment will meet the present standards of fidelity for FM
consequently all standard equipment will be satisfactory for use
FM
transmitters."—V.
159,
p.
385.
.
'
'
March
'•
"
"
'
-•
'
.
.
.;.'A
'
purchases
ended
■
sales
and
Dec.
-r
at
total, $2,270,820.
average
cost,
of
in
tors.—V.
bank,
$316,-
'
share
the
tax
accruals..
'■
'
$• '
1943—12 Mos.—19.42
•'
\
.
$
$
Ji -.7
9,290,042
5,867,671
9,074,427 113,784,670
5,706,881
73,679,210
3,367,546
40,105,460
38,692,845
Feb.
1,196,839
1,226,779
£0,622,308
15,040,988
2,140,767
19,483,152
23,651,857
212,744
25,180
54,402
1,188,545
1,585,530
21,223
369,625
344.587
income.
1,987,608
2,065,142
17,924,982
21,721,740
—V.
ry.
oper-.
159, p. 43.
on
on
the
directors
l,
of the cor¬
board of direc¬
manager
been elected to the
Jan.
declared
18
common
and
cash
a
class A
also
declared
a
stock
dividend
stocks,
common
dividend
cents in cash; May l and
1,-674 cents.—V. 158, p. 2196.
12'/2
Nov.
Richmond
Fredericksburg
December—
Gross
from
from
Net
of
s
6'A
cents
$1
each,
par
share on the
holders of record
per
of
3%
on
the
Aug.
-
3%
2,
common
follows:
in stock;
as
each
.
ry.
1943
Potomac
1942
RR.—Earnings
1941
1940
$1,039,620'
income...'
$3,575,412
1,697,755
1,663,581
$2,988,495
$1,551,822
1,847,797
430.218
1,192,372
711,244
383,515
37,407,536
21,433,514
28,117,740
14,039,903
9.678,351
16,335,447
5,620,305
2,687,325
5,203,854
railway
railway
oper.
&
4,008,903
2,618,024
1,075,988
194,937
From Jan. 1—
Gross
from
Net
Net
divisional
and
The company has signed a contract with the Defense Plant Corpora¬
tion, ,;valued at $1,500,000, tq provide plant facilities at Chicago, 111.—<
V, 159, p. 48; V. 158, p. 2366; 1942, 1674.
y.
2,225.532
(net
has
2620.
p.
22.
The
63,990,872
3,422,371
Dri
rents
Vice-President
Peale,
102,683,717
(net Dr)_.
rents
$1,675,633
$1,563,001
Reynolds Metals Co.—To Expand Plant Facilities—
1943—Month—1942
Ry. operating incomefacil.
Dec. 31, '43 Sep. 30, '43 Jun 30, '43
regular quarterly dividend of 133/4 cents
preferred stock, all payable Feb. 1 to
Net
Jt.
'
stocks, payable Marchvl to holders of record Feb. 25.
Distributions on the common stocks during 1943 were
Reading Co.—Earnings—
Railway
+
v
$1,605,035
directors
and
and
Net rev. from ry. oper.
1943, and on March 6, 1942.
1
said to amount to $66.75 per
were
1674.
158,
per
•:
operating revenues.
Ry. operating expenses.
1944,
convertible
'
Ry.
Dec. 11,
1,
Republic Drill & Tool Co.—3% Stock Distribution—
Jan.
Period End. Dec. 31—
Jan.
1178.
sales
158, p.
The
$152,325;
-
p.
Republic Aviation Corp.—New Director—
payable, $4,100; provision for taxes, $6,172.;
(est.), $2,707; $3 convertible preferred stock (6,143
$3.50 convertible preferred stock (21,657 shares),
$540,675; class A common stock (par $1), $145,939; class B common
stock (par$l), $10,000; surplus,. $1,408,902; total, $2,270,820.—V. 158,
1477.
at
as
158,
Mundy I.
expenses
shares),
$8.50 per share has been declared
on account of
on" the 7%- cumulative preferred stock, par $100, pay¬
holders of record Feb, 16.
This compares with divi¬
to
$37,653
were
Liabilities—Accounts
accrued
9
poration's Evansville division,
•
cash
.529420":
Quarter Ended—
—V.
at
than
:';+ + x.
investment
1913
$1,954,726;
.529420"
(Robert) Reis & Co. (& Sub8.)—Gross Sules—
more
■
1943,
31,
.658300*
.
of
Arrearages
.
Sheet, Dec. 31,
•
V
.529420""
-V'
.
dends of $4 each paid on
share.—V.
.658300"
-.658300"
$6,255
owned
respectively.
Balance
093;
$32,295
depreciation of securities
the market quotations, was $14,171
net
aggregate amounts of
during the six months
$151,909,
Equip.
then.
standard
'
'
Hosiery Mills, Inc.--$8.50 Preferred Div.-r-
Silk
dividend
Gross
16,312
audio
and
able
17,850
com¬
average
■
accumulations
$17,387
v;
com..
sales of secur.,'
cost basis
on
on
$
to
war,
incorporate
post-war
corporation
plans
10,386
A
$21,493
....
income
puted
15,728
$18,803
$15,983
■
'
■
Jan.
23,278
—
Write-off
p.
manufacture and
modulation
(FM) home receiving sets of high quality
as civilian prduction is resumed, according to Dr. C. B.
Engineer of the company's RCA Victor Division, who
frequency
design
:
on
'
.
-
.529420"
Radio Corp. of Ameriea- -Plans to Make FM Apparatus
in Post-War—
3.980000
!■
.658300"
'
sell
3.980000
.529420"
Assets—Securities,
and
3.980000'
3.980000
.658300"
•Nominal
and
Co.
3.244203
.529420"
Public
share of the liquidation price payable in
respect of such number of the 24,255 shares of the $6 preferred stock
of Southwestern Light &
Power Co. as are not acquired by Public
$100
pay
.895000
.894375
3.244203
.658300"
that
$21 per
.909090
:
.892500
"
>
by the public at
..
.
held by the
.
.205820
3.244203
Noncontrolled
Expenses.
;
.301215
1
3.244203
3.980000
Railway & Utilities Investing Corp.—-Earnings—
share;
per
,
■'>
.891875
-
Controlled
The redemption and retirement by Southwestern Light & Power
(12)
.909090
v
i
3.244203
3.980000
...
pound
4.035000
4.035000
4.035000 \
.301215
.892708
...
South
of
.897421
.572766*
.572766"
+:V.,
.572766"
.572766"
.572766"
.897109
.895000
.894375
.894464
.909090
Interest
($100 par)
.909090
4.035000
__
Uruguay, peso—
Southwestern Light & Power
stock
.051275*
.909090
.205820
Free.
public
363
.060586*
.051275".
r
.301215
6 Months Ended Dec. 31—
holders thereof of such number of shares of its
preferred stock as are not acquired by Public Service Co. of Oklahoma
pursuant to the exchange offer;
.•
Co.
.909090
:
4.035000
$26,368
The redemption and retirement by
.909090
■
4.035000
;
Official
New Zealand,
Union
-
.572766"
England, pound sterling
India (British), rupee.
Mexico, peso
Newfoundland, dollar—
Investment News
(11)
.051275"
.909090
.
Colombia, peso
General Gorporalion and
from
.051275"
.060586"
.060586"
.060586"
.051275"
^
.
Official
•-
Income—Cash
Co.
3.228000
3.228000
r
.060586"
.060586"
Free
in New York City, $31,000,000 in the San Francisco Dis¬
(Continued from page 452)
.251247"
Canada, dollar—
trict, $22,000,000 in the Chicago District, and $131,000,-
|
3.228000
3.228000
3.228000
.297733*
.251247"
+
.251247"
.251247"
..
.297733"
.297733"
.297733"
.+. v.
,
Official
increased $60,000,000
bonds
$
S
$
.251247"
3.228000
Jan, 27;
Jan.26
Jan.25
Jan.24
.
.297733"
.251247"
__
Brazil, cruzeiro—.
cities shows the following principal changes
for the week
States
$554,000,000 in demand
W
.297733"
Australia, pound-
Reserve
ended Jan. 19: Increases of $308,000,000 in United
'
Official
Free
banks
Buying Rate for Cable Transfers in New York
from
Net
ry.
railway...
railway
oper.
income
—V. 159r p. 43.
-
•
■
485
'
Cehtral
Rice-Stix Dry Goods Co., St. Louis, Mo.—Dividends—Directors
Jan.
on
share each
per
18 declared
both
on
the
and
1
i
Richmond Terminal Ry.—Bonds Called—
A
total
is
%
1
under
Irving Trusty Co.,'
has
depositary,
as
received
the
from
above
dated Jan. 25, 1944:
Antelope Copper Mines, Ltd., announce that
the net profit for the
year ended June 30, 1943, after providing £493,500
for
taxation
and
£200,000 for
replacements
and
obsolescence
amounted
to
£584,022.
Under the uncertain conditions now existing
directors
should
be
"The
the
conserved
of
payment
of
are
opinion
and
they
adjourned
Jan.
28,
annual
share
per
—V.
157,
last,
the
on
company's
unable
><
be held
American
shares,
as
July
on
cents
V
'
///.•' '•!:
V7- V'-
1,
1942.
'
Pa.,-:will
to
it.
of
interest)
to
five days
after aforesaid date.—V.
exhaust
lowest
The
the
amount
Schenley plan when
value
The
•
receive
or
income
an
of
offers
retirement
have
of
earned
Sutter,
Inc.—San
been
life
exceeding
be
will
insurance
cash
no
75%
in
of
terms
principal
before it
Briefly,
105
and
within
accepted
the
protection
value
is
accumulated.
retires,
or
he
policy.
provides,
for
;
follows:
the
trust
amount
V.
mature.
the
'
■>
'''•
<iV-vV*
-
•
and
other
or
of
and
to holders
of
15, 30 cents;
record
and
Feb.
May
4.
15,
15,
directors have declared
last year,
Taxable
*./'
14
:>
»
•
the
on
Feb.
and
July
on
dividend of 62Ys>
stock,
$5,
par
year
divs.
secur,
each;
and
l
General
15,
1944."
of
from
due
1943
Tide
30,
Penn
Prior
years'
75
March
Net, income
with
Divs.
Net
$5.50
loss
of the
summary
31,
discount of
Years Ended Sept. 30—
duced
Div.
of
in
vestments
;
160,582
170,557
collection
of
accounts
Oil
sale price of
expenses
in
prop,
195,692
199,289
taxes,
At
to
Dec.
$4,569
asset
Co.,
Other
Simms Oil Co.
to
Assets—Cash
securities
$1,437,976
income
1,342,301
1,379,700
etc—
for
1,300,200
462,603
1,023,592
of
$1.35
per
final
the
year
$68,400;
The
Dec.
on
stock
prior
:
1942,
31,
asset
the
similar
cumulative
$1.50
($1
$37,659;
par),
$5.50
.
//
Sheet, Dec. 81, 1943
sold
$353,906;
'
■
;
(&
Income
,
due
Sales,
Cost
less
32
securities
returns,
.profit on sales
Advertising, selling and
Account, Years
1
Oct.
V
„
1941
$5,016,033
$8,233,927
Gross
$6,092,726
$7,752,528
$726,191
$2,712,926
in
758,121
199,209
549,712
286,750
$1,275,903
$2,999,676
100,154
$7,951,737
120,819
115,524
177,903
$6,951,002
income—______
$8,072,556
$1,391,427
$3,177,579
850,349
627,009
583,223
711,480
"1,499,732
"1,898,440
606,852
454,522
profit——$4,600,920
$5,547,107
$201,352
$2,011,577
1,500,000
______
inc.
taxes—__
for
war
profit
to
con¬
$4,600,920
$4,047,107
/r $201,352
dividends-—
400,000
3,728,670
400,000
400,000
400,000
1,305,034
596,587
1,715,188
__$472,250
$2,342,073
|$795,235
$4.89
Nil
dividends——-
Surplus
—,——
Income
1,583,883
694,098
Federal
$2,770,950
17,286
■
•
.
"■/
791,807
tion
$4,274,363
$3,517,015
126,607
188,676
<
$3,705,691
575,000*
K
of
the
It
is
■
"11,813
24,399
1943
Cr9,507
27.510
,
116,887
160,715.
$1,828,236
$1,052,846
,
$2,737,603
Other
1,726,926
1,726,926
1,781,426
1,726,926
1,781,426
1,781,426
share——
$1.05
$0.61
$1.53
$1.67
.
amounted
,
company
has
141,146
<
21,132
253,363
$90,013
$820,605
652
439
6,730
3,248
384,359
$72,123
to
$446,592 in 1943;
VT
arranged,
.
.
/
$90,453
$827,335
13,974
13,764
167,232
$831,796
166,500
11,690
102,112
$64,999
$557,991
$562,601
—-
210,000
210,000
280,127
Notes
——
—
—
—
»
property
excess
———
....
Credit
under
a
Credit
$35,237,193.—V.
,
'•
Agreement-with
.4,788
'
—
1
3,000,000
-51,170
34,480
.
578,977
9,705
9,608
182,230
aid
of
construction
;
".
.'
1,835,454
44,206
90,163
-
accounts——
80.455
211,000
211,000
1,366,858
1,298,995
$14,443,717 $14,232,162
—
165
at par
:
'•/•""
■••'""/.
••.V.''r-?; •'"/ '
.
'
Ry.
expenses^
$
1943—12 Mos.—1942
$
50,197,919 597,367,419 472,748,816
25,865,681 369,209,561 272,622,673
oper.—
3,833,750
24,332,238 228,157,859 200,126,142
Ry. tax. accruals
Equip, rents (net Dr)__
1,068,316
8,631,813
126,719,350
76,844,995
1,871,886
2,402,629
22,665,985
19,515,122
134,020
137,959
1,529,706
1,264,216
759,530 "13,159,837
77,242,817
102,501,810
operating
Net
Jt.
from
rev.
facil.
Net
rents
ry.
(net
Dr)
income.
oper.
provision
for interest
charges
outstanding debt,
on
other
or
non-operating income items.
Tenders
Sought—
at
company
until
noon
its
Feb.
on
Francisco
exhaust
named
Terminal
the
sum
office,
29,
first
of
165
1944,
Broadway,
receive
mortgage
$5,024
by the holders.—V.
Southern
/
held
bids
bonds
in
the
New
the
for
to
an
sinking
York,
sale
N.
to
it
Y.,
will
of
San
amount
sufficient
to
fund
prices
be
at
to
159, p. 48.
Railway—Earnings—
'
—Week End. Jaji. 14
1944
Gross
—V.
earnings
159,
Jan. 1 to Jan. 14
1943
1944
1943
$6,060,672 $11,756,231 $11,440,545
$6,124,954
387.
p.
Southwestern
See
Light & Power Co.—Merger—
Public Service
Co.
of Okla.—V.
159, p. 49.
(A. G.) Spalding & Bros., Inc.—Two Preferred Divs.—
The
cumul.
to
directors
of
tributions
p.
record
were
—V.
159,
declared
have
preferred stock,
1st
holders
made
April
on
no
two
par
dividends
of
$1
each
on
the
$2
value, payable April 15 and Oct. 16
and
5
this issue
Oct.
on
6,
respectively.
April 15 and Oct.
Similar
dis¬
15, last year.
219.
Sparks-Withington Co.
6 Mos. End. Dec. 31—
"Net profit
tEarnings
"After
Total
•■'
189,056
1,957,511
46,371
reserves
for uncollectible
surplus
'
51,169,626
47,335,876
3,398,760
3,000,000
562,586
i
;
1179.
p.
1943—Month- -1942
revenues.
$3,500,000
31,407
——
reserves
,
87,126
——
$813,263;
3,338
3,398,760
—
158,
'
Ry. operating
48,236
$3,500,000
($100 par)
credits
surplus
5,576
$14,443,717 $14,232,162
accrued
in
9,574,,
44,286
1
accrued
Earned
118,794
stock———.
—
items,
Co.—Earnings—
J*
Period End. Dec. 31—
1,414
.
—
"Represented
"VT"
total,
228,313
123,466
;
accrued
261,731
220,916
supplies..
and
Earnings of Transportation System
400,000
1,576
1,576
——__—
stock ($15 par).
:
mortgage bonds, series A
Capital
$458,883 in
369,735
450,000
>/:
—
debits
Contributions
340,999
16,455
28,834
profits tax—
receivable
payable
Customers' deposits
Res.
$12,853,540, $13,801,733
—340,999
receivable-——
preferred stock
payable
Southern Pacific
The
1942
.1943
.
—
"Reacquired .common
6%
1943
taxes,
i' >'•'
Comparative Balance Sheet, Dec. 31
————————
and
Sept. 30,
o.n
molasses
surplus,
313,742
9,639/
Treasury tax savings notes, Series C
/Accounts
fDeficit.
for
$6,062,938;
102,694
„—/
1
S.
tlncludes $132,000 addi¬
:
income
"Before
*
Sheet,
$1,793,209;
reserves
for
contingencies, $161,000;
possible rehabilitation expense and other losses which
may result from war conditions, $1,500,000; preferred stock
(par $100),
$5,000,000;
common -stock
(no
par),
$19,906,783;
earned
$828,547
—
Special deposits
Retirement
'
..."
$2,573,164
950,699
122,593
20,l7l
Cash
Deferred
2,226,783
1,726,926
'
2260.
p.
$71,471
$48,510
;
bank and
and
•
income-
physical
Interest
$2,969,976
stock
(par
158,
417,969
253,355
Accounts
105,343
:
-
sugar
Liabilities—Accounts
for
reserves
1943—12 Mos.—1942
88,326
_—
Post-war refund of Federal
First
$1)
common
___
,
in
Balance
hand, $2,368,783; marketing securities,
on
hand
(net), $8,967,051; trade and
other accounts receivable (less reserves of
$43,202)> $952,507; working
assets, growing canes, etc. (net), $691,596; investments (less reserves
of $301,533),
$13,477,799; real property, plant, etc. (net), $629,709;
prepaid insurance, taxes, rents, etc., $302,249; idle season expenses
(net)
applicable to succeeding crops, $327,460; accounts and claims
15
fund,
of the final
tax return has
$2,520,990
C 921,518
$201,777
Common
—■"•
—,
dividends
.
from this
this amount.
withhold payment
Liabilities—
1,291,137
,
.
Assets—Cash
$4,450,840;
Co.—Earnings—
accruals——
.
Total
tax
applicable
years
adjustments of prior years of $26,610.
ex¬
dividends
1
Deferred
'
1
205,127
'-
$404,939 in 1941, and $418,384 in 1940.
to* reserve for contingencies.
The
and
Prepayments
256,660
960,000
."Charges for depreciation
1942;
for
approximately
paid
1943—Month—1942
dividends
Materials
$1,328,822
&
taxes—
State
per
to
than
less
150,000
outstanding
.
be
be
$221,389
—
Utility plant
847,118
.
$4,400,970
inc.
capital
tax
.
3,063,272
300,000
profit for period
Earnings
must
expenses
until examination
Assets—*
/
.
3,112,446
$1,585,482
for
certificates
stock
equal
was
16,338
deductions
Nil
stock
Consolidated
their
f$103,611
v
$10,130,753, equal
the Bureau of Internal Revenue.—V.
income
Taxes
•
of
$5.63
$2,011,577
since
shareholders
to
"//
surplus
...
1943
necessarily
income
res.
Net
$7,372,093
■'•/'/■
\//
charges
Shares
must
income—net
Retir.
U.
$3,606,803
^—__
prior
"Net
distributions
89,010
oper.
Preferred
1940
$2,788,236
assessment
Common
31,
certain
—
$6,045,000;
'• /
$9,184,436 $11,688,675
1943,
'
'<
31
'
"•
"Includes Puerto Rico income taxes of
$511,486 in 1942 and $355,137
in 1943; also includes for 1943 a
deduction for income and
share paid during the year
presentation
revenues
income
Common
_______
for
Provision
Other
par),
contingencies.
Canadian
.to
________
income
for
Provision
•
oper.___
income
Total
Prov.
on
Ended
1942
.
Other
($25
($5 par), $2,121,585; common stock
$11,573,101; total, $29,351,322.—V. 158,
service expenses —1,369,506
Admin, and gen.. dxps.— "
875,577
profit
the
Dec.
liquidation
taxes
loaned
etc. $48,548,170 $20,458,226 $29,162,395 $22,302,533
143,532,137
16.851,423
20,928,468
14,930,440
Gross
Net
stock
*
1940
.
and
sugar
produced
Preferred
stock
1943
sales____
of
per
intention of the trustees to
in
Utility
Other
for
1941
•
receivable, etc., $322,812; total, $35,237,193.
at
As
profits taxes
Other
Subs.)—Annual Report—
'
;
the
upon
Period End. Dec. 31—
cess
redemption,
$119,090; ? special
Subs.)—^Earnings—
$6,850,847
for
Net
-
$72,845
......
hand
completed by
Federal
for
,...
Servel, Inc.
V,
table,
Maintenance
purchased,
prior
1675.
'
'
cumulative
surplus,
was
8,975,749
tingencies
77,014
1,1
dividend
Operating
Operation
:
and. called
for .securities
convertible
$2,056,940;
offering
8,458,245
years———
Net
/—-$698,773.
share paid Dec. 10, 1943
625,928
voted in June,. 1935, have aggregated
Sierra Pacific Power
changed
coverage
'
payable,
due
31,
13,460,731
23,342
,
—
share.
on
present
been
$178,497; reserves
for expenses, taxes, etc., $16,235; bank loans due March
1, 1946,, inter-,
qst 2% per annum, $6,900,000; unrealized profit on sale of when issued
P-
1943—
share.
per
dividend
%/,n:
of* the corporation were equivalent
securities
Liabilities—Dividends
Aug.
13,462,223
etc.
250
liabilities———
above
was
the
;
$212,662;
dividends
and
interest
receivable,
etc.,
deposits for dividends and contingent agreements to purchase and sell
$360,906; total, $29,351,322.
" -
contracts,
the
per
cash
cents
1,395,512
'
■
banks, $233,984; investments in U. S. Government
cost), $150,000; investments in other securities, $28,-
receivable
cash,
31,
conditioned
The
debt, while
share.
per
and
31
The
1942
119,877
previously charged off
for
.//
cancellation.
securities,
against
in
$21.85
be
in
(at
274,680;
$1,562,531
-
assets
Balance
'
51,594
-
$2,836.
was
$102
cents.
••
income—________
Prov.
stock
will be paid to stockholders in complete cancellation of the outstanding
shares of capital stock.
The trustees may provide that the rights of
stockholders to participate in the final dividend in liquidation shall
______
1,338,177/
$1,000 of bank
per
$74
72,658
Cr4,750
$1,367,597
$1,275,717
the net
May
Deprec., sundry reserves,
representing
■
coverage
from
31,535
Cr4,669
•
<'114,289
1943,
31,
70
1943
year—
from
prior
1943
•As soon as practicable, and after all liabilities of the
company and
all expenses incurred in connection with the liquidation of the company
shall have been paid or provided for, a final dividend in liquidation
y
__—■
■'//'
Profit from crop from
also
$799,161
over
current
Dec.
liquidation
188,812
174,688
31,166
♦Net profit.
•
39,625"
154,604
•
25.
Dec.
114.
p.
1772.
sundry re'
ceipts (net)——;— $19,554,950 $21,213,259
Mfg. and sundry exps.,
$679,034
Associated
of
liquidation
shown
17,244
in-
159,
and
Common
$1:877,670
of
cents;
p.
Sugar and molasses pro-
Total
.
Water
Balance;
.
to
/—159,631
sale
75
158,
South Porto Rico Sugar Co.
(&
,
changes in assets
1943, and reflects
Payment in settlement of Fed. income taxes for prior years
•
1940
53,631
pfd. Stock__
on
1942.—V.
Oil
dealers'
a
Reserve
$1,860,427
$1,996,689
_________
1,
cents.—V.
Profit
a
Including the dividend of $1.35
$1,729,733
over-accru.
20,
oversubscribed.—V. 159, p. 219.
—___
37,097
•\''of capital stock tax__
Dec,
Co.—Secondary Offering—Blyth &
Jan. 25 offered l,20u snares of common stock
(par $25) as a secondary distribution at $44y8
per share,
molasses
—
Cash,
1941
______
share
per
on
current
account
on
on
Decrease
$1,943,058
_______
cents
10
their
See
their annual report for the year ended Dec.
31,
Total
>
'
t
1942
$1,621,118
expenses
Interest
Taxes
of
cents per share has been declared on the
common
29 to holders of record Feb. 14.
Payments
follows:
as
and Nov.
Co., Inc.,
S. certificates of indebtedness and accrued interest
Realized
and
$1,690,107
—
extra dividend
an
payable Feb.
were
South
toward the
enforcement
between Dec. 31, 1942 and Dec.
in liquidation during that period:
progress
Excess
1,404,161
-Total. income
215,533
106,848
South Bend Lathe Works—62
^-Cent Dividend—
Calif.—
-
Payments'
Aug.
for
liabilities
the
the $10 par
on
$179,859
;
257,761
,
Received
1943
dividends,
$2.37
income taxes—
profits tax-——.
Earn, per com. share—_
and
$2.68
and
indenture, it is required that holders
the outstanding bonds consent to the
proceedings
the bonds
of
.
an
V Selected Industries,
Inc.—Earnings—
Cash
335,678
$282,679
the common stock,
payable March 10 to holders of record Feb.
Regular distributions of like amount were made on
June 15
Hardin, Vice-President, said in part:/
is adopted the bondholders will be 'faced
foreclosure of the bond issue and the costs
a
maturity
The .trustees in
that
Seiberling Rubber Co., Akron, Ohio.—Obituary—
Interest
335,678
$318,892
48.
p.
•
Calendar Years—
—
Solar Aircraft Co.—10-Cent Extra
Distribution—'
Profit
W. Edwin Palmer,
Secretary and Assistant Treasurer, died in AkronCity Hospital on Jan. 25 after a short illness
fbllowing an operatioh.
He was 69.—V.
159, p. 386.
'• •
■
•
stock
—
State
excess
159,
The
plan
of
159, p. 114.
'
.
preferred
on
Simms Petroleum Co.—Annual Statement—
15, 20 cents each.—V. 157, p. 1'468.
V"
on
——_—:___
Federal
—V.
Rowan
proposed
necessity
at
bal.
share has been declared
15
accrued
474,862
$618,357
"Includes:
Under
'
Feb.
412,744
plan
thereto,
rights,
obtain ■<
can
example,
the
the
incident
when
ends
this
thereon, Jan. 1,
as
$1,093,220
$654,570
can
bonds
"Unless
with
Scotten, Dillon & Co.—20-Cent Dividend—
were
122,039
$1,067,314
Earnings per share (118,938 shares common)—
provides for the payment to the bondholders in
satisfaction and discharge of their bonds of a sum in cash
equal to
100% of the face amount of said bonds, plus interest thereon at the
rate of 4% per annum for the period Aug. 15,
1943, to Feb. 15, 1944.
The Commissioner of Corporations has fixed Feb.
15, 1944, as the
final date for the deposit of the bonds, which is the date on which
life
provision
stock, payable Feb.
,»*'
—
.
dash, U.
year
Francisco,
deposited in assent to the proposed plan looking
and discharge of the said bonds.
ployees.—V. 159, p. 219.
common
$971,181
deductions
Balance
contingencies, $617,000; reserves for
stock
(par $1), $1,726,926; capital
surplus, $8,357,703; total, $20,919,878.—
reported in part as follows:
The following table sets forth
last
$924,368
—_l.—
"net//i-ii:-:///': 142,94$'
common
starting work at the age of 27 and mow earnings $1,800 a
would be able to retire at the age of 65 with an income
including
social security payments of
$1,231 a year, even if he received no salary,
increases. ,v-The plan will be available to all the
company's 6,500 em¬
Nov.
2,440,520
income
Dividends
be consummated. Additional bonds totalling $47,025
must be deposited in order to make the plan effective.
734.
employee leaves
20 cents per
Net
114.
p.
Under the
:
year
A dividend of
allow¬
Federal
satisfaction
employee
1'
Income
(less
$1
plan
(not
$21,000
157, p.
individual
an
•
1942
$3,411,701
2,632,120
income
Savings bonds,
It is announced that as of Jan. 21, $261,000 in principal amount
63.5% of the total outstanding first mortgage income bonds, dated
Feb. 15, 1932, secured by the Hotel Canterbury, San
Francisco, Calif.,
group
cash
S.
last
Schenley Distillers Corp.—New Retirement Plan—
the
U.
receivable
;
The corporation has adopted a new
type of plan for employee retire¬
ment, life insurance and medical benefits.
Under the type of
commonly in force,
employment is terminated and
accounts
of
for
reserves
$67,167;
$4,077,265;
159,
all
insurance
$2,776,681;
and
accounts
If)48
1943
$3,556,489
taxes__-;_—_______
•
5%
bonds.
notes
and
81,
and
earnings from operations-./
Gross
Oct.
Co.—Earnings—
1
————
or
of
mortgage
gold
Net
Other: Income.
loans
any
63.5% of Bonds Deposited Under Plan—
Wilkes-Barre, trustee; Wilkes-Barre,
to and including Feb. 5, 1944, receive bids for the sale
April 1, 1944, for account of the sinking fund of first
up
as
Bank
V
fiscal agent,
of
A
Say re Electric Co.—Tenders Sought—
National
Sheet,
deposits in banks,
Seventy-Fifty
made Jan. 25 by Reynolds & Co. and Lehman Bros, on
the floor of the New York Stock
Exchange at a price of
$43 Vz per share, with a commission of 65 cents. The is¬
sue
was
oversubscribed with allotments at 29.5%.—
V. 159, p. 219.
"
'* '
Miners
Balance
$75,000;
notes
$1,759,526;
surplus,
Safeway Stores, Inc.—Special Offering—A special of-,
fering of 4,449 shares of common stock (no par) was'
The
as
y.
;.
•
Operating revenues
"Operating expenses
and C,
miscellaneous,
V.
■'??'-
Sioux City Gas & Electric
12 Months Ended Dec. 31—
bonus, $547,taxes on income (less U. S. Treasury notes,
of $500,000), $482,614; dividends payable, $431,732;
employees' deposits for purchase of U. S. War Savings bonds, series E
(less bonds held for resale of $177,150), $9,134; reserves for warranty
-
V'.v'.'J''
a
investments, and sundry receivables, $235,181; prepaid
and other deferred charges, $200,152; patents, contract rights,
series A
tax
:
•'
for
provision for Federal
670;
16,
15
agent
Liabilities—Accounts payable, $1,714,560; accrued salaries and
wages,
$768,792; accrued taxes, other than Federal taxes on income, $335,262;
accrued sundry expenses, $24,528; provision for employees'
,
of
Federal Reserve Bank of New York,
guarantee agreement covering 85%'
G,
doubtful
service,
dividend
paid a
the same
company
as
etc., and good will, $1; total, $20,919,878.
the
■
March
on
series
for
expenses
resources
recommend
York
miscellaneous
accounts will be despatched to all stock¬
the
year,
liquid
to
.
general meeting will
' '■
1366.
p.
the
therefore
,
1944, and directors report and
holders about March 3."
On
that
are
dividend.
a
New
$89,318), $1,034,805; accounts
receivable, $1,235,990; unbilled costs and fees, $7,498,063;
inventories,
$4,017,479; plant properties (less allowance for depreciation of $4,513,8541, $3,756,564; other fixed assets at cost (less $19,201 allowance for
depreciation, and construction in progress at cost), $89,962; deposits,
No
—
of
Credit.
Assets—Demand
company the following information
"The directors for Roan
the
the
defense
ance
Earnings
.Co.
the funds to be borrowed will bear
The War Department of the United
per
annum
and
the rate of 2%%.
Consolidated
Incorporated, 23 Wall St., New York, N. Y.—V. 157, p. 558.
The
1%
at
States through the
will
enter into
a
///
$28,000 of first mortgage 3%% bonds due Sept. 1, 1965,
have been called for
redemption as of March 1, .1944, at 108 and
interest.
Payment will be made at the office of J. P. Morgan & Co.
,
Trust
and
standby charge
of
•
interest
of
Roan Antelope Copper Mines. Ltd.
Dividend Action Taken—
Bank
group of banks, for a revolving credit to Dec. 31, 1946 in the amount
of $15,000,000, to provide or replenish working capital in
connection
with or on account of War Production Contracts.
The
three regularly quarterly divs. of $1.75.
and second preferred stocks, payable
first
April 1, July 1 and Oct. 1 to holders of record March 15, June 15
Sept. 15,—V. 159/p. 219.
Hanover
by 2,282 shares held pending sale; 2,117 at cost
(1942—2,317 at cost and 165 at par).—V. 159, p. 386.
and
(& Subs.)—Earnings—
1943
1942
1941
1940
$469,673
per
share
charges
$392,406
$295,680
$5,812
$0.51
$0.42
$0.31
Nil
and provision
for U, S. and Canadian income taxes,
$1,146,150 in 1943 and $1,497,425 in 1942, and also
after reserve for possible renegotiation in 1943,
ton 900,674 shares of
common
stock.—V. 159, p. 387-
which
amounted
to
•
fliil
1
THE COMMERCIAL & FINANCIAL CHRONICLE
486
Texas & Pacific Railway—Earnings—
Subs.)—Earnings-
Spencer Shoe Corp. (&
Period End. Dec. 31—
Semi-Annual—
goods sold——
of
Cost
1942
;
>
V
$6,324,817 $11,057,996 $12,407,301
5,266,305
9,271,260
10,203,247
$5,016,589
4,236,353
Selling, general & ad¬
ministrative
expenses
1943
1942
1943
I——---
etc.
Annual-
-
Operating revenues$6,602,213
Operating expenses—
3,838,325
Ry. tax accruals
2,045,922
Ry.
Equip.
Jt.
570,072
657,267
1,219,570
$401,244
$567,166
$841,322
46
193
40
profit
Operating
$567,206
revenue-
cper.
ry.
oper.
Deprec.,
amortization
Misc.
45,829
53,888
103,106
111,133
$164,380
;
—
$347,549
$464,100
$731,313
66,528
62,624
48,030
$1,498,385
$9,244,887
42,821
728,953
$1,541,206
$9,973,840
6,251
155,514
317,915
3,652,537
3,828,594
1,592
3,620
5,245
$167,109
$349,141
$467,721
$736,559
3,687
27,098
8,473
46,565
102,162
213,079
294,717
406.089
$61,260
$108,963
$164,530
$283,904
$0.23
$0.41
$0.62
_v_
8.660
11,700
9,930
__
income—.——
deductions
Income
—
Provision for Fed.
income
Net
Earns,
.
share-
com.
per
taxes
—
Z
—V.
!
,
$1,205,340
$6,155,859
corporation
deferred
Truax-Traer
(trade), $329,222; due officers
Liabilities—Accounts payable
capital surplus,
1 ■ '
$1,166,328;
$3,014,107.-
total,
and em¬
earned surplus, $1,079,014,
$1,749;
ended
weeks
of
Jan.
sales In its retail stores for the
13.65% below those for the same
ago.—V. 159, p. 49.
year
a
1944,
2,
were
(Railway and
operating
Total
Co.
Electric
&
kwh.,
204,105,000
—V.
A
————.
in
decrease
furnishings net sales were 1.17% higher than
1942, as contrasted with a decrease of 76.90% in
the sales of appliances and related merchandise.
Net
sales
for the month of December
1943 were 21.47%
below,:
the sales obtained in December, 1942.
Furniture and house furnishings
sales for the month were 11.92% under December, 1942, and appliance
pet sales were 92.32% below the same month a year ago.
gales
the
for
$1
year
10,
Stock Declared—
24 declared a dividend of 30 cents per share
stock and a dividend of $1 per share on the
6%
hon-cumula'tive second preferred stock, "par $20/ both- payable
March 10 to holders of record March 3> Similar distributions were
made on March 5, last year, which compares with 60 cents per share
on
the common and $1 per share on the second preferred stock on
*
'
The
directors
$1
the
on
Jan.
on
common
par
187,434
178,779
1,127,843
declared
each
declared
$225,401
$1,433,643
2,892
18,248
18,165
W.
Chicago
Air
109,316
■->
is
he
income,/
$209,856
$243,648
$1,451,808
$1,365,174
173,424
199,077
1,060,397
1,213,768
$44,572
$391,412
$151,406
-
'
1941;
15
•
directors
The
March 31
and Nov.
10,
50 cents.—V.
Dec.
no
5%
to
15
158, p.
and
of
preferred
record
March
Dart,
75 cents.
A
Dec,
on
15,
last.—V. 159,
Gov.
J.
directors
cents
share
per
payable
have
stock,
common
on
March
15
declared
dividend
a
of
stock,
6 Months Ended Nov. 30—
profit
>
General
and
Interest
on
said.—V.
Louis
A.
v
the
V
'
♦After
tLoss.
1942
1941
$120,003
Nil
$$0.26
the
subsidiary,
tax of
fiOn
stock,
depreciation, Federal
income
372,214 shares of common
tOn
347,164
~
'1
j
on
*
for
'
former
'
'
1"
Total
Assets—Cash
hand
on
(less
for
reserve
and
in
and
leaseholds
doubtful
(net),
wk
Properties,
Inc.,
$1;
>?
.
notes, $17,625;
payable,
$72,704;
wages,
289,818
$387,089
and
accounts
$47,968;
real
charges,
interest
etc., $24,269;
estate,
Corp.
—
Refrigerator
Electric
and
payable,
Range Manufacturing Division to be Sold—See Admiral
Corp. above.—V. 159, p. 387.
Interest
10-year 3%
on
notes,
payable July
;//*':
'''
v'f//-"'/
'"i'v
•
1
1
'
t
*'
•
,J
*1
^
1
.
"*/
Comp«
'^ tr'"
'*'•'
/
(& Subs.)—Earnings— %
1943—12 Mos.—1942/
$9,308,726 :* $8,620,725 $42,389,698 $39,960,921
2,474,142
3,096,560 •'10,407,448
12,909,027
627,133
i 897,999
2,607,209
3.066,400
$12,415,284
$55,404,355
$55,936,348
5,038,833
20.328,087
20,171,054
652,104
6,494,115
6,485,334
1,215,481
4,726,679
4,650,452
2,815,312
2,913,791
12,185,464
12,541,284
&
$2,365,313
revs.—
15,340
(net),
$2,595,075 $11,670,010 $12,088,224
$2,380,653
______
,
19,931
,
359,662
>372,814
;
to
$2,615,006 $12,029,672 $12,461,038
public
916,234
$1,464,419
_
applic.
payable,
$50,000;
1,
3,794,102
3,900,939
$8,560,099
mirt.
to
46,214
surplus
50.180
$1,418,205
—
$1,661,976
.
Income
-
.
Account
Period End. Oct. 31—
Gas
168.105
187,407
$8,067,465
-
$8,372,692
Federal
Prop,
retire,
1,531,125'
expenses
taxes
taxes
Gas
/ /
,
,
1943—12 Mos.—1942
1,486,862
7,555,644
7,575,473
4,353
804,546
Z 769,167
175,271/
768,280
743,862
651,800 r>
653,500
173,829
apprs.
7,.'
Corp.)
$1,801,518 $11,174,736 $10,880,070
46,286 / ;
_
—r_—
res.
(United
1943—3 Mos.—1942
$1,901,275
revenues—
Gas: Operating
Net
107,800
106,000
operating revenues
—Natural
$42,235
gas
$29,032
$1,394,466
$1,138,068
1,861,246
9.967,337
9,386,348
.
1,932,352
Other income (net)—
$211,500;
1946,
902,850
$1,712,156->$8,235,570
accrued interest
deposits
Stewart-Warner
1
.
10-year
on
deferred
10-year
3% notes, due July 1/1946 (less notes in treasury of $15,000), $2,350,000; capital stock (par $1), $400,000; capital surplus, $876,862; deficit
from operation since Sept. 30,
1941, $1,944,769; deficiency, $667,907;
total, $2,544.145.—V, 157, p. 1951.
income
Gross
944,340
Net
—V.
income
■
____—_
$1,030,247
3,807,532
3,822,881
$7,554,271
$6,701,535
941,766
$948,518
int. & other deducs.
Net
$1,890,278 $11,361,803 $10,524,416
$1,974,587
„——
159, p. 387.
Struthers Wells-Titusviile Corp.—-Bonds Called—
There
been called
have
for
redemption
as
of April
1,
1944,
a
$189,000
1949,
of
103
at
Tri-Continental Corp.—Annual Report—
total
first mortgage 5%% sinking fund bonds due April 1,
and interest.
Payment will be made at the Baltimore
National Bank, trustee and sinking fund agent, Baltimore and Light
Streets, Baltimore, Md.—V. 159, p. 387.
of
At
to
Dec.
$4,451
$3,064
stock
Swift & Co—Declares Special Dividend and Increases
the
share,
per
mon
to
directors
Jan.
on
declared
20
special
a
of
holders
1,
March
and
the quarterly
dividend
of
40
advanced
from
share.
special payment of 30 cents per
R.
N.
the
in
made
late
each
of
the
two
Vice-President,
Clark,
$1.28
$4.63
to
a
for
Account
cents
payment
April
on
1
to
preceding quarters, the company paid regular quarterly dividends
30 cents per share, and, in addition, on March 5,
1943 made a
was
The preferred
bank
debt,
United Gas Improvement Co.—Change in
were
as
equivalent
compared
Gustavus
The stockholders
has
similar special distribution
A
preceding
J
years.
stock asset coverage increased
been elected
the
at
received
Interest
dividends
Cash
$100
share.
1942
a
director
a
Total
income
.
1941
-1940
$163,108
$151,202
$140,944
1,258.816
17,317
1,487,173
1,396,858
23,794
10,088
$1,453,250
$1,439,240
$1,662,169
$1,547,889
162,574
to
meeting voted approval of
a
168,341
74,396
—
182,553
183,058
258,484
237,556
Interest
278,667,/-
282,765
t61,925
39,373
49,778
$950,489 /$1,161,575
■
$1,032,289
succeed
income
resolu¬
$978,724
—
dividends
Preferred
848,280
—_
848.985
866,190
872,850
tion empowering the company to
transfer into the Swift & Co. pension
trust, out of earnings or earned surplus, cash or securities, up to 5%
of the company's payroll in any one year.
John Holmes, President,
described installation of new plants to manufacture dried and powdered
tnilk and eggs for the armed forces.—V. 158, p. 2622.
.
tAfter
surplus
tax
and
Period Ended Dec..
Operating
Net
31—
1943—Month—1942
1943—12 Mos.—1942
$609,886
$522,853
$6,724,944
$5,734,841
.'
96,362
90,414
1,210,121
1,144,713
93,538
89,689
1,188,827
1,130,890
income
i
♦After retirement reserve
accruals.—V.
159, p. 114.
directors
months'
period
cumulative
on Jan. 21 voted to
ended Dec. 31.
1943,
income
bonds,
on
April
1,
the
pay
on
the
1944,
to
of said bonds at the close of business March
31,
Central
The ICC on
Jan.
interest
collateral
the
Balance,
issued
a
1942
—
Net
income
loss
on
$23,025,059
above)_.,
(as
;
978.724
—
777,913
.
on
cumulative
$6
preferred stock—.—
registered
Balance,
848,280
$2,518,276
one
for full shares, the company further will pay an
equal to the fractional interest in dividends and/or
capital assets then payable or distributable.
,.
thereof
cash
in
to reduce the
stated purposes of the proposed transactions are
of shares of capital stock so that they will be
The
more
number
propor¬
reduced assets of the company; .to make
the new shares more acceptable as collateral security than the present
shares selling under $5 per share; and to reduce brokerage commis¬
sions on purchases or sales and transfer taxes on sales of the stock.
The proposed transactions will. be submitted to a stockholders' vote
at the next annual meeting of stockholders, scheduled for May 1, 1944.
tionate
1,609,918
————
sales of investments——
application filed
and
each,
each,
$13.50
exchange
amount
the
to
the
substantially
$549,239
of
difference
The
-
Net
Dividends
the six
trust 7»/2%
between
the
stated capital applicable to
stock
immediately prior to the proposed
($31,939,439)
stated capital represented bv the
stock ($31,390,200) will be credited
the 2,424 shares of present capital
cancelled and retired by charging
of the company
and the
shares of the px*oposed new capital
to the capital surplus account, and
stock now held in treasury will be
capital
conversion
capital surplus with $3,329.—V. 159, p. 259.
holders
1944.—V, 158, p. 1676,
Surplus,
Dec.
31,
unrealized
$6,144,801,
or
1943-—-*.-.
depreciation
$7,194,931
less
Balance
certificate
permitting abandonment by
the company and abandonment of operation
by the Missouri-Kansas-Texas RR. of Texas, lessee, of a branch line of railroad
extending
from DeLeon westerly to Cross Plains,
aoproximately 41.87 miles, in
Comanche, Eastland, and Callahan Counties, Tex.—V. 104, p. 766.
31,
Dec.
for
Railroad—Abandonment—
19
Period Jan. 1 to Dec. 31, 1943
surplus—
Balance, Dec. 31, 1942_i.____„______
Income and profit and loss account from Jan. 1, 1936—
Thie
Texas
Surplus,
an
transactions:
similarly convert its 23.252.000 outstand¬
(no par) into 2,325,200 shares with a par
share of the new stock to he exchanged
for each ten shares of the present stock.
In lieu of fractional shares
of the new stock, it is proposed to issue non-voting scrip in bearer
form, which, during a period of one year commencing on or about
Sept. 7, 1944, will be exchangable, in combination with other similar
scrip, for the number of full-shares represented thereby.
After the
one-year period, it is proposed to pay and discharge any unchanged
scrip by payment therefor in cash on the basis of the average closing
price of the stock for the period from Sept. 10 to Sept. 14, 1945,
inclusive.
At the time of the payment of scrip in cash or upon the
$159,439
$3,366,556
Taylor-Wharton Iron & Steel Co.—Interest—
>The
$295,385
Capital
revenues-.—
income
♦Gross
$101,504
$130,444
$6,562
of
Statement
Tampa Electric Co.—Earnings-
—Z
prior year's over-accrual of capital stock
$2,138 for prior year's over-accrual of Federal income tax.
deducting
order approving
Gas
value
par
of
value
distribution of
Balance,
an
Improvement Co. proposes to change its 35,000,000
shares of capital stock (no par) into 3,500,000 shares of
authorized
16,221
Expenses
issued
25
Jan.
respect to the following
United
ing shares of capital stock
$151,609
divs.
on
with
it
The
,
1,285,421
_____
—_—
securities
Taxable
Net
annual
The SEC
with
Capital Ap¬
<
•*
common
Calendar Years
1943
Taxes
Swift.
F.
proved—
with
$13.50
In
of
and
1.
record
record
of
Feb.
the corporation
of
from $122.07 to $179.65 a share, while the
after allowing for the preferred stock at
Income
share and a quarterly dividend of 40 cents per share on the com¬
stock, par $25.
The special distribution will be made on March 1
holders
debentures
value,
Quarterly Rate—New Director Elected—
The
net assets
of
1942.
31,
year
asset
the
$1,000
Dec.
at
during
1943,
31,
per
Assets—Cash
sees.,
683;
at
cost,
receivable
receivable,
etc.,
in
banks,
$150,000;
for
of
than om Dec. 31,
Sheet,
Dec. 31,
$287,025;
investments
securities
$25,543,335
—
investments
sold,
$101,836; ,special
on
Dec.
31/ 1943,
deposits for interest,
and
interest
dividends and
on
dividend
stock,
issue on
similar
last
Jan.
Corp.—Special Dividend—
per share has been declared on
to holders of. record Feb. 1. The
distribution of 62% cents per share was made
of
62%
cents
payable Feb.
regular quarterly
this
A
25,
extra
common
last
investments in U. S. Government
in other sees., at cost, $38,456,dividends
An
the
1913
$204,998;
United Shoe Machinery
*
was
1942.
"
over
1.152,354
income
Natural
total,
payable and accrued real estate taxes
(less deposits
held by mortgagees—unapplied, $78,110), $424,228; agency
payable—per contra, $31,858; rents received in advance and
account
''
1943—3 Mos.—1942
<
interests
funds
deferred
9%
4,990,946
Balance
mortgages
$29,869;
the corresponding
the previous
over
Comptroller—■
.
other deducts
and
receivable,
$89,345;
•
1942.
notes
account
and
United
Accountant, has been elected
Taylor, retired.—V. 159, p. 220.
reserve——
Balance
mortgages
accrued
Ansorge, New York attorney;
Drug Co.; Paul M. Godehn
United
$12,410,001
retirement
Other
accrued taxes,
financing plan
'
'
Liabilities—Accounts
3%
P
with
revenues-
interest
Npt
70,500
$111,360;
operating
deferred
Co.
47,672
$31,000; investment in and advances to partly owned company, $89,575;
equity in partly owned subsidiary company, $1; investment in Tishman
$2,544,145.
new
and
Joseph
&
Vice-President—operations of
December,
t
taxes
Gross
148,784
$382,854
accounts),
of
1,086,076
oper.
Other
'-$169,685
70,500
$2,174,896;
Register
place
Ripley
Chief
1.^
.
Federal taxes
Sheet, Sept. 80, 1943
banks,
Moines
the
expenses-
oper.
Net operating
240,017
Balance
Des
take
United's
Z /' i'V ?■
;''//'•/
revenues
Total
Portion
on
period were $818,639 in 1943 against $697,345 in 1942.—
sales for
Net
V. 159, p. 49.
'C:
220.
p.
revenues—
Other income
______
—
Consolidated
28/
1942
-139,855
—_
of subsidiary company
Provision for depreciation
loss
Feb.
in
revenues..,
gas
oil
Sulphur
share
per
$67,518
notes—!.
share
per
record
of
Maine, and Paul G. Hoffman
Corp.:'/■..///■/..
those
over
Sisto,
\
Property
Loss
etc.
common
*
chares.
of
Sewall
Period End. Oct. 31—
:
Natural
1943
corporate expenses,,,,
the
United Gas Corporation
and
(Not including Tishman Properties, Inc.)
10-year 3%
of
Herlihy,
troller, succeeding Cecil B.
Tishman Realty & Construction Co., Inc. (& Subs.)—
Net
t $25,159
$64,529
fl$0.13
cents
20
1943.
Harriman,
Martin C.
are
Studebaker
factor
depletion
buildings
1943
,
——
of
holders
159,
$100,
par
158, p. 2296.
Year Ended Sept. 30—
Total
income
•.
might handle
A.
*'■'
50.
cents
10
The
to
that
so
United Fruit Co.—-New
par $1,
and the usual quarterly dividend of 35
the $1.40 convertible preferred stock, par $20, both
to holders of record Feb. 25.
Like amounts were
paid in each quarter during 1943.—V.
receivable
♦Net
Common Dividend—
to
dick
Tilo Roofing Co., Inc.—10-Cent Common Div.—
The
cumulative first preferred stock, par $50, pay¬
holders of record March 22.—V. 159, p. 49.
Earnings per common share.———
1180.
p.
coast-to-coast
Crude
the
of
director
a
Sumner
the
47%
major
1.
p.
the
making possible the records was United's new
Cargoliner service for mail and express only, Mr. Grad¬
initial distribution of $1.25 per share was made
An
of
the
resigned
President
attorney;
and
month
2518.
the company made the following payments on
March 15, June 15 and Sept. 15, 25 cents each;
preferred stock
75%
Exceeding by 1%
the all-time high reached
last November,
the
company's total mail ton miles flown last month amounted to 1,196 519.
regular quarterly dividend
a
cumulative
holders
of 75 cents
Sterling, Inc. (& Subs.)—Earnings—
10
quarter during
President
elected
associated,
Lines;
"
1943,
due
Air Mail Loads Up—
dividend of 25 cents per share
a
value,
par
the
on
March
stock:
27,
the
on
stock,
share
per
payable
During
Jan.. 24 declared
on
common
common
••
the usual quarterly dividend
also declared
to
purchase
158,
The December figure represented a gain of 44%
month for 1942.
Express ton miles increased
cents per share has been declared on the common
payable Feb. 10 to holders of record Jan. 31.
Distribu¬
1943 were as follows: Feb. 10 and May 10, 20 cents each;
directors
'
,
pui>
C.
50.
the 6%
share on
per
able
to
dividend
a
,
JQgC.
securities
Air mail loads carried by United Air Lines continued on to
new
highs in December, according to estimated figures released recently by
P. Graddick, director of air cargo.
net
cents;
Jr.,
been
recently
Other directors of United
$1,255,859
income
Cowles,
has
who
which
1,091,321
$206,965
$36,433
40
$1.25
Cents on Common
Second Preferred and 30
on
6,356,498
par $25,
the
of
house
and
Furniture
i
7,111,715
dividend of 25
The
on
announced.
facture of
;
$5,810,851
$5,192,123
26
payable March
paid
were
Thompson Products, Inc.—25-Cent Common Dividend
the year ended Dec. 31,
restrictions on the manu¬
the result of the limitations and
civilian consumers goods, the company
is
1943,
for
10.65%
of
sales
net
1,120,889
combined
tions during
1943—12 Mos.—1942
1943—Month—1942
$579,225
$737,556
End. Dec. 31—
sales
1,218,435
income-,..
gross
159, p.
stock,
Sales Off 21.47%
Sterchi Bros. Stores, Inc.—December
The
expenses
Ripley,
$8,703,678
income
both
"
Net
Gardner
Tribune,
1943—6 Mos.—1942
$9,673,202
deductions
Total
five
15.2%.—V. 159, p. 387.
corresponding week last year, an increase of
Per
Operations)
$1,525,069
non-oper.
Total
Electric output of the public
Gas
Bus
1943—Month—1942
;
oper.
Total
five
utility operating companies in the Stand¬
system for the week ended Jan. 22. 1944,
as compared with
177,220,000 kwh. for the
Jan.
on
directors also
Justin
Total
Total
'
etc.,, $317,273;
for
United Air Lines, Inc.—New Director—
$1,612,834
taxes
$322 273*
•;
.
regular quarterly dividend of $1.37>/3
per share on the 5%%
preferred stock, payable March 15 to holders
of record March 4.—V. 158, p. 2296.
$11,956,424
$16,020,610
revenue
operating
Total
Aug.
ard
$987,733
amounts
The
1943—12 Mos.—1942
Output-
Standard Gas & Electric Co.—Weekly
totaled
$1,511,967
/
.
Like
(John R.) Thompson Co—25-Cent Common Dividend
reports that
corporation
The
,
Period End. Dec. 31-Total
Sales Decline—
weeks
Coal Co.—20-Cent
stock,
common
President of
ployees, $49,301; provision for taxes, $362,117; other accrued expenses,
$20 309; other current liabilities, $2,205; other liabilities, $1,536; re¬
serves
(Fidelity Insurance) $2,326; common stock (266.799 flares no
par),
1943—Month—1942
directors
the
on
total, $3,014,107.
$31,915;
charges,
158, p. 2622.
*
rs
of the Marion Shoe Division
anteed
and
offer
an
3,000 shares of the stock outstanding.—V.
are
$9,003,541
Third Avenue Transit Corp.—Earnings—
connection
sold to and guar¬
by H. M. Hubshman & Bro., $155,277; accounts receivable ( ess
reserve
for discounts of $520), $368,692; other accounts receivable,
$10 992*
inventories (at lower of cost or market), $1,812,684, cash
surrender value of life insurance, $49,481; miscellaneous accounts re¬
ceivable.
$11,005;
fixed
assets
(less reserve for depreciation of
$483,436), $433,575; leaseholds, $1; trade-marks, $1; prepaid expenses
accounts receivable
—V.
banks, $140,483; cash due in
Assets—Cash on hand and in
■with
made
21
Jan.
on
159. p. 50.
Period End. Dec. 31
Sales
etc.,
*V;
capital stock (par $100) of the First National Bank of Santa Barbara'
Caiif., at $375 per share. >The offer will expire on Feb. 16.There
Thermoid Co. (& Domestic Subs.)—Sales Increase-
1943
Balance Sheet, Nov. 27,
-r
.
.
dividends payable,
cash,$26,400; due
against
■■
$1.06
2,728
income
Total
V'Vv
Transamerica Corp.—Makes Offer for Bank Stock—
The
•
accrued,
securities-loaned
This
11,700
$503,457
;
income
securities,
-
annum, $4,900,000; funded debt,
$2,460,000; unrealized profit on'
of when issued contracts, $37,659; $6 cumulative
preferred stock
(141,380 no par shares), $3,534,500; common stock ($1 par), $2 429 318*
surplus, $25,543,335; total, $39,522,815.—V. 158, p. 1676.
'
'
50,100
298,317
sell
sale
$12,893,935
9,488
and
chased, $192,043; reserves for expenses,-taxes, etc., $82,288; contingent
commitments, $2,007,625; bank loans due Sept. 30, 1945, interest 2%
492,829
$824,922
purchase
$12,401,106
144,363
charges
Net
945,929
to
>/,,/■/
per
$10,142,786 $13,530,899
72,654
income
for
8,600,036
$680,559
.
Contingent charges
/
.19,712,172
agreements
$39,522,815.
Liabilities—Interest
1,212,189
82,396
income..
deductions
Fixed
—
Operating profit
Other
$401,437
$210,210
profit---,
obsolesc.
and
Total
1,022,378
$1,502,289
(net Dr)
oper.
total,
'
$5,511,134 $70,667,645 $51,764,233
2,986,467
40,812,687
29,633,298
110,061
Other Income
Total
contingent
1943—12 Mos.—1942
$717,966
Dr»
(net
rents
1,124
$842,447
rentals
Net
Other
income-
oper.
facil.
1,362,731
$210,163
1943—Month—1942
;
Monday, January 31, 1944
5,
28
1944.
special payment was made-on the common
year,
with one Of $1.50 on
Feb. 25, 1941.—V. 158, p. 2623,
which
and one of $1 on
compares
•
■
stock on Feb,
Feb. 25, 1942,
Volume
159
Number 4251
United Merchants
THE COMMERCIAL & FINANCIAL CHRONICLE
:
& Manufacturers,
U.
after
S.
depreciation, etc., charges-;.——
foreign inc. and excess profits taxes
and
L'",
t
.-.V «•••-,'•
Net. profit
Common shares
Earnings
-•••'•'
\
to post-war-credit.
on
——
annual
an
of
in
$174,000.
above;
undistributed
v.
1
158,
"
For
This
\
the
earnings
$5.11
.
basis and
period
same
of
months'
addition
in
period
the
to
companies
share, of,
$319,000.—
was
.
.
'
;
'
'
States Steel Cprp.—Quarterly Earnings Report
the
dividend
quarterly
held
by
31,
them
1943,
Dec.
31,
York
State
investors'
unit of
last
the
for
"U.
of
for
the
past four
follows:
As
-
-
quarter
-
two
_
The decline in
the
third
the
effects
the
kinds
with
labor
quantities
allocation
decrease
in
such
upon
other
and
costs
from
manufactured
difierences
sold
and
in
by
under
the
for
of
1943
year
for
Income
in
1943
do
so.
estimated
costs
in
the
of
amount
$25,if-
"!'■
•-
,
Thirteen
of
the
under
profits
the
the Navy Price
14
have
Congress
concluded
agreements
no
31, 1942.
excessive profits
include
of
rubber
canvas
industrial
and
of
office' which
rubber
soled
goods
in
Present
shoes,
and
camelback
realized by these companies
These companies embrace all of the steel producing
A
American
States
the
second
manufacturing
Rubber
Hulera
tubes.—V.
dividend
stock,
fabricating subsidiaries.
The closing agreement with the remain¬
subsidiary, Federal Shipbuilding & Dry Dock Co., provided for a
reduction of $3,000,000 In the selling prices-of deliveries under Navy
A
ing
Co.
such
association
plants.
announced
Mexicana,
159,
for
Profit
of
minority
ttLosses
S.
A.
On
the
5,175,186
■quarter
net tons; as compared with
of 1942 and 5,029,028 net
quarter
of. 1943.- .Subject
totaled
tons, a decrease of 1.8%
This decrease wis due in part
1942.
tons
year-end. adjustments,
to
20,244,830 net
year-of
5,302,681
in
Net
of
20
par
5
cents
cents,
share
per
made
March
manufacturers
has
March
been
1
to
made on Dec.
was
Such
time,
verting
costs
and
19
of
declared
include
relocating
deferred
facilities
maintenance
and
war-time
from
a
repairs,
to
1941;
last
War
Loan
total
The
capital
to
000,000.
Drive.
and
,
the
fixed
of
the
assets
12
were
the amount of
$136,660,268.
total
was
Employment
and
statistics
Labor
payrolls
for
the
and
1943
years
long-term
•»
>
<•.
•
follow:
1942
of
1943
*
of
employees
_
capital
assets,
loss
..
1
•'> "S r-'
'
•
stricted
and
~.
:
of
cash
•
•
1
to
plicable
in
j
and
AAF
contract
above
for
in
banks,
$347,724;
$467,440
provided .for
and
f
Interest
long-term debt
State, local
and
-.taxes
■
costs
,$114,130
Fed.
miscellaneous
taxes
on
8,500,000
credit
U.
S.
purchases,
balances,
$46,024),
excess
$289,752;
Air
cash
^ ['
bank
in
$1,006,025;
re¬
accounts
other assets,
$30,893;
accrued
Force
$67,293;
1942
deferred
$4,932;
$207,300;
payroll,
accounts
(less
and
contracts,
customers'
deposits,
tax
on
provision
$4,850;
credit
deposits
for
$2,115,000;
orders,
on
per
* After,
:
com.
for
Federal
1942,
income
and
arising
_
excess
operating
income and
removed
It
was
of
(N.
no
of
*71,248,569
*$5.29
25,219,677
8,703,252
—
steel*"*
finished
T.)
' '•
5,175,186
34,813,008
the
the
profits taxes of $13,890,000, which compares with
of $8,554,512 for the previous year after Federal
profits taxes of $8,250,000.
past
year
the
British
principal limitations
from
the
distribution
of
on
and
remittances
American
Governments
Australian
made
to
the United States
motion
pictures
in
announced
on
Jan.
24
that
Funds
2%%
common
stock
of
the
United
Corp.
shares or 75.158%, Sept. 30, 1943.
outstanding, 483,024 shares, or 13.407%,
75.556%, compared with 6,541,151
the
preferred
stock
of
assets
in
S.
1942
$
$
*
9,550,223
2,062,123
per
•
at
$89.65 per share.
j;./;-
; V--.
this
purpose
were
obtained
from
the
proceeds of an
loan of $15,000,000, bearing interest
at the rate of
annum, payable in semi-annual installments of $1,250,000
1,
par' of
139,500
of
6%
debentures,
series
due
1948,
to
luture
7,454,011
producer
subs.
Prepaid
in
oper.
for.
and
the
$5,500,000
:
territories
6,303,991
4,579,270
4,430,494
54,339,012
on~.owned
properties
leased prop.-
on
57,180,236
52,009,963
50,708,125
10,470,692
^
taxes,
•
insurance,
•
488,497
other
—
8,403,226
8,402,447
182,906,737
—
"
„
2,535,000
payable
payable
for
95,882
—
and
collected
for
Fed.
bonds, sink,
Govt.
income
fund
taxes
10,431,769
10,981,052
2,226,424
—
4,115,410
3,237,055
require., purch. money
oblig. and mtge. instal.
matur¬
*
39,939
and
participation payable
Advance payments for film,
deposits,
Current, liabs.
and
Reserve
1,623,408
5,213,706
ing within one year
Owing to affiliated companies
Royalties
of
subs.
in for.
for
Common
1,735,126
298,274
288,766
etc.™
territories-
5,997,008
4,748,520
long-term debt——_____
other
45,544,196
49,100,027
oper.
639,805
contingencies™.
minority stockholders in subs.
stock
TiPreferred
($5
261,424
19,006,723
19,006,723
5,670,885-
57,371,956
surplus
§Preferred
2,602,636
57,316,562
21,918,340
17,410,973
j.
surplus
Earned
879,381
2,592,153
299,459
cos.__
par)—
stock
Capital
32,696
1,544.201
credits
Interest of
347,504
_
liabilities
Federal
contract,
3,906,027
stock—^
_—;
withheld
accrued
1,357,341
4,372,414
preferred
on
accrued
Reserve
and
2,098~332
181,654,773
Interest
••
163,375
280,000
2,441,502
exps.
Notes payable
Serial
978,778
tax___;^___;
Total.
Other
495,428
1,020,037
285,068
and
rent
2,479,063
•
/
profits
excess
12,063,997
•
2,167,668'
contracts
of
250,009
1
3,837,359
'
companies---——™
-investments™.—
refund
Goodwill.
890,636
______
reserve)——
to-secure
JMiscellaneous
1,978,039
1,019,671
(recoverable
bonds——!
(less
4,376,867
2,321,977
■
affiliated
Government
receivable
,
_______
stock
held
In
treasury.
Total
Drl87,261
—
181,654,773 182,906,737
.
"Including construction in progress, and after reserve for deprecia¬
of $42,144,975 in 1943 and
$35,588,153 in 1942.
tAfter reserve for
tion
1942.
and
amortization
$Including
259. :
p.
100,255
extra
S3
payable
an
Jan.
annual
—V.
$11,468,956
of
in
1943
and
stock
common
no
28
of
$11,686,616
carried
at
par shares.—V.
:
-
$1.
159,
' .!:*'
v!
Weill & Co.—Extra Distribution—
dividend
share
per
of
shares
flRepresented by 103,107
':!:
•
(Raphael)
An
of
$3
of
were
to
$8
per
recently
holders
were
paid
share
and
declared
of
record
on
Jan.
the
on
Jan.
28,
usual
the
22.
annual
common
An
1943,. and
extra
of
Jan.
on
payment
both
stock,
and
$6
26,
1942.
157, p. 480.
Westchester Fire Insurance Co.—Extra
Payment—
An
extra
dividend
stock,
have
p.
dividend
of
30
cents
of
10
per
both payable Feb.
1
cents
share
per
have
to holders
share
been
been disbursed each quarter since and
1678.
and
the
usual
declared
of record
Jan.
oh
22.
incl. Aug.
quarterly
capital
the
Like
amounts
l, 1940.—V.
158,
:•
Western Grocer Co., Marshalltown, Iowa—Stock Con¬
;
;
;'
trol Acquired—
bank
1943, and ending June 1, 1949, and from the sale
$8,000,000 4%
serial debentures,
payable in semi-annual
installments of $1,000,000 beginning Dec.
1, 1949, and ending June 1,
1953.
Company has agreed that, in addition to the payment of these
maturities, it will apply 25% of its consolidated net earnings, as a
sinking fund, to the retirement of the 4% serial debentures, the bank
loan and/or, under certain
conditions, other consolidated funded debt.
Prior to the close of the fiscal
year the $15,000,000 bank notes and
$2,000,000 of the 4% serial debentures were issued. The funds obtained
therefrom, together with treasury cash were used to prepay the $10,at
2,162,101 shares, or 24.842%; held by brokers on Sept. 30, 1943.
•Investors' common stockholdings Dec. 31, 1943, were 6,575,830 shares,
Of
for
beginning Dec.
the
or
stock
"
unsecured
charges
Mortgages, long-term notes and special accounts
provision for contingencies in respect of foreign assets was required
year.
For the fiscal year ended Aug. '31, 1942, a provision
$825,000 had been made in connection with such foreign assets.
of preferred
20,615,137
while
outside
§ 3,490 shares at. cost.
July 1943 the company made financiar arrangements for the
prepayment of the remaining outstanding $10,139,500 6% debentures,
series due 1948, for the retirement of domestic bank loans
aggregating
$5,500,000, and for the redemption of the outstanding 99,397 shares
adjustment for renegotiation of contracts.
Steel
shares,
■U.
profit
excess
and
tLeaseholds, bldgs. and equip,
for the past
48.255,157
*133,070.000
outstanding Dec. 31, 1943, amounted to 8,703,252
preferred stock totaled 3,602,811 shares.
Of the common shares outstanding Dec. 31, 1943, 2,127,422, or 24.444%,
were in brokers'
names, representing a decrease of 34,679 shares from
States
7
those countries.
In view of this, and inasmuch as the company had
previously written off its net investment in enemy controlled countries,
6,153,392
$4.41
25,219,677
34,813,008
'
20,244,830
preferred)
2,210,178
cost.___
Land, at cost——
-■-"Buildings and equipment
in
The report shows an operating profit for the
year ended Aug. 31,
1943, of $8,238,483, after deducting losses of $4,537,222 arising from the
sale or other disposal of fixed assets and after
provision for Federal
Number of Stockholders—
'
.
notes
Warner Bros. Pictures, Inc.—Annual Report—
25,000,000
63,642,322
less
cost
progress
at
an
depreciation
an
$0.81
stk.
6,304,920
dividends
Shipments
products
for
dividends
Preferred
Common
share
receivable—.-
overpayment
payable—officers
and
em¬
ployees, $104,580; reserve for contingencies, $36,981; common stock
(145.000 shares no par), $520,000; capital surplus, $60,193; operating
surplus, $436,029; total, $4,595,308.—V. 158, p. 2297.
1
13,389,673
Jncome
Income
of
-
•
rentals)—
Investments
Amounts
'
insurance,
$612,151;
Army
contract
88,000,000
price
:
Sheet
"•
notes
to
film
___•
fee.
and
accrued Social Security taxes, $55,966; accrued
tax, $37,114; employee bond deductions, $30,827;
deductions unclaimed, $67; employee unclaimed wages,
profits
.
income
from
Dividend
In
•
Advances
42,566
$12,958;
and
6,251,454
V!};-.. !/.:•■'
10,213,868
41,539,152
redemption
in
Deferred
distributors'
1,168,336
in
Balance
5,686,492
Funded
income
Crl,123,430
$$Included
tl40,578
$289,072;
unexpired
payable,
$4,144;
on
•*.'.
•,;
Estimated
•
1-•
Cr1,123,430
lease.
11,506,261
$254,708
•
advances-by
During
^
expenses,
14,597,078
t
$212,143
subcontracts, $24,204; other deferred expense, $4,224; total,
on
Year
25,000,000
9,322,969
interest
completed but not released, at cost
Post-war
expenditures,
employee bond
assets,
taxes,
-
prior
years
and
other
7,000,000
•
ap-
17,410,973
depreciation,
tother than
6,082,602
$202,565;
■
_
amortization,
charges,
amortization-
■•
employee bond
aris-
warJ___™_i_—"•
included
War- costs
ap-
21,918,340
for
Rights and scenarios unprod., at cost less res.lRaw materials, accessories,
supplies, etc.:
216,023
Sheet, Sept. 30, 1943
hand
held
fixed
customers'
_____
costs
period
287,646
287,011
Wif
and
Deposits
805,635'
withholding
$104;
~
_
383,528
189,227
stock.—..
productions, at
Accounts
on
reserve),
accrued
-
this
274,237
8,948,791
Accounts
$428,166
,
cost-plus-fixed-fee contracts
excess profits taxes of $10,010.
S.
Federal
•'
additional
734,951
stock
co
,
Released
:1,731,902
43,500
Liabilities—Accounts
——
to
of
10,074,070
Cash-
<
19421
-
for
on
U.
(less
$4,595,308.
revenues™.
532,434,199 1,979,081,554*1,862,951,692
salaries, social security
'•'vv--'":
and pensions™—™— 242,109,191
913,441,851
782,661,701
Purchased products and services 211,890,316
708,281,232
648,401,343
Depletion, depreciation, amortization ' of
emergency
facili- *; ;•
ties, and loss on sale of fixed
assets _!
39,286,245
134,048,973
128,161,530
plicable
ing out
capital
subs,
a
miscellaneous
Assets—
i
•
taxes
Estimated
of
to
providing
other
cancellation
18.
$120,681
expenditures
to
$60,977;
Wages,
,
6,333
18,529,452
on
$591,989 in 1943, $616,in
1942, and $689,787 in 1941, in respect of studio
properties
charged to film costs. $After deducting credit for debt retirement of
$830,000 and post-war refund of $280,000.
ttlncluding 872,500 loss on
':f.
'
1943
1943
and
Sales
$5,815;
1942
.
losses
303
155,
accounts
receivable—U. S. AAF,
$228,771; expenditures to be reimbursed under CPFF contracts, $1,942,110; inventories, $447,997; accounts receivable (Defense Plant Corp.),
335,866
.
for
preferred
on
"Before
■••
of
335,776
Year
4th Quarter
.
*
•
1943
3,167
3,444,106
in
$2,160,068
$1,273,076
paid___-.
receivable
of
340,496
;
Statement of Income
Consolidated
'
;
336,897
193,103
7,410,973
other
net,_-___________
sale
on
Dividends
,
profit
Assets—Cash
;
Year
\
and
1943
-
.
t1943
:_i
Balance
$230,271,807 $869,242,990 $738,444,009
—
;
"
v.
.
13,387,514
fAfter post-war refunds
*
,
Year
5,429,303
4,445,331
affiliated company
provision
of, and adv.
common
$456,458
"Including
highs.
comparison
.
"4thQuarter
1943
number
payroll
Average
Total
a
debent.
.Liabilities—
Dec.;'31,
all-time
were
and
tax
on
productions,
DrlO.982 '•
expense
1943
year
quarter
7,159
8,554,513
9,322,959
1-
taxes:
Productions
profit-_L__l____.
Dividends
months of 1943 for
approximately $89,-
at
4,000,000
4,537,222
.•
income
Consolidated
Feb.
the
on
income__^_^_^____-^_______i___________
Net
Net
use,
*
debt outstanding
assets—
sale of
and
Book
tires
since.—V.
$14,660,590
Provision for income tax
'•,
the
for
fourth
'
'•
1
„
sales.._—
operating" profit_^-____L_____'___________
Net
,
On Dec. 31,
months,
1,598,850
:
15,649,456
common
record
*
-
Manufacturing profit
Engineering, subcontracting, selling and admin-
Other
1943, unexpended balances for property additions
and replacements approximated $64,000,000.
After retirement of $19,162,956 and issuance of $3,913,840 capital obligations during the 12
the
Co.—Earnings—
*
6alesr___^_-_______'__^_
recon¬
'
-
,
during
expenditures
betterments
.
..
4,250,000
4
redeemed
on
Losses
year,
stock
"Tornel"
none
share has been declared
per
istrative- expenses
post-war period, and other similar costs.
This entire amount
$75,000,000 was invested in U. S. Government securities, of the
additions
v.
cents
of
•
future
peace-time
21,771
.
tire
recently
of
on
holders-of
31,
.
the
Fourth
1943,
15
*Net
•
arising out of reemployment of returning service men and retrain¬
ing them to new skills, losses on raw materials and supplies not needed
in
of
Years Ended Sept. 30—•,
costs
.of
dividend
Cost
•
from the record high
to the change in the
which must be deferred until
7,057,073
20,373
26^665.705
to
net
surplus begin, of period--..
Current
The amount at Dec. 31, 1943, was after segregating $75,000,000 of cash,
•representing-'management?y estimate of the cash expendituresv for
caused' by.war
taxes—____
applicable
Federal
discount
Profit
"
! -Net current assets of the corporation and its subsidiaries at Dec. 31,
•1943;-after deducting the-current dividend .declaration, were $519,.632,927, compared-with $522,708,627, as adjusted, at Dec. 31, 1942.
costs
16,824,886
interest
stock.
payable
Waco Aircraft
net tons
the third
the products required in connection with the war effort.
Production of -steel ingots and castings in the year 1943 averaged
"97.8% of rated capacity,-representing an all-time high tonnage record
'for U: S-. Stfeel Corp.-subsidiaries,-^.,y!.;
additional
690,921
"648,813
fixed
profits
bonds
of
nature
618,355
$9,990,000
profit
for
Excess
Earned
•
shipments
1943
6,366,153
Normal income tax
stock,
,
to
1,494,009
16,206,531
rubber
for
purchase of capital
4,517,825
825,000
3,900,000
minority
stockholders,
on
Provision
no par value,
payable March 1 to holders of record Feb. 15.
Distributions during 1943 were as follows: March
1, June 1 and Sept. 1,
.20 cents each; and Dec. 1, 15 cents.—V.
158, p. 1864.
subsidiary's contracts with the U. .S. Maritime Commission has
yet been concluded;
These contracts-represent approximately 20%
of the business of-this subsidiary-during the'period under review.
>
Shipments,of finished steel products in the fourth quarter of 1943
net
fourth
;
827,262
before
Proportion
Vogt Mfg. Corp.—15-Cent Distribution—
A
-
the
contingencies
Productions
Department contracts :up to Dec. 31, 1942.
After Federal taxes this
to a refund of $570,000, which is a charge against the re¬
ported income of the corporation for the year 1942.
Renegotiation of
In
3,168,905
47,341
4,537,394
•
2,457,738
and Federal Income
309.
.amounts
amounted
4,588,213
2,934,205
profit.
properties-
25,838,443
'
this
15,546,962
Other income
387.
p.
similar distribution
p.
of
of
Venezuela Syndicate, Inc.—Resumes Dividend—
and
■
deprec.
with
were
24,553,949
2,867,889
10,836
share
Profit
-
prod¬
molded
58,424,335
'
knowledge
improve¬
and
64,680,384
■
interests'
and
Colombia
technical
69,211,563
23,668,728
and
United
This investment marks
Adjustment Board, acting for all governmental agencies,
to the effect that
•up to Dec.
of
distribute
the
119,271,544
26,221,219
3,815,992
102,293,171
25,453,905
6,053,497
costs.
Earned surplus
Compania
.
subsidiary companies subject to renegotiation
Act
and
on
4,158,596
8,238,483
in
States Rubber Export Co. has maintained in Bogota will be merged with the sales
organization of Croydon,
United
$1,123,430 required
visions.
Colombia,
company for development
for the markets of Colombia.
products
line
a
Cali,
American
company
sales
Latin
year.
of
rubber
the
■The
applicable to 1943, arising out of the war were made during
The replacement of depleted inventories at an added cost
the use of that amount of prior years' pro¬
000,000,
of
of
the
at
$
98,134,575
4,323,213
net
Provision
Aug. 30, *41
$
114,948,331
expense
built
seaport of Benaventura, will continue to manu-.
products under its own name.
In addition the
eventually produce
lines, and will draw
Rubber
of
film
Interest
retreading.
....,"•
additional
S.
of
will
company
U.
products,
sufficient
barely
was
ment
ucts
Coast
located
preferred
32,891,752
of
Income
ments,
Co.—Expansion in South Amer.
is
of
Account
131,825,541
"Net
shares
$
Foreign exch. loss and exch. adjust¬
■;
which
company,
99,397
Aug. 31, '43 Aug. 31, '42
incl. royalties & partic.
Operating and general expenses
tAmort.
operation
Income
'
income, theatre admis-
Total
plants—the Edgar
Duquesne Works and Homestead Works. Th'ey include
line
own
skill
and
dividends, and income for the fourth quarter of
insufficient to
Provisions
the
directive.
the current
was
its
certain
compared
$7,606,247,
rental
Amortization
Jan. 24 in its employee magazine,
on
the
cash.
Other costs,
country's steel
project
redeem
sions, sales and miscell. income__
127,251,778
Rents from tenants and
royalties...
4,573,763
The project
already is turning out steel ingots
1,000,000 tons annually.
It was built by Carnegie-Illinois
Pacific
Croydon
price ceilings.
income
Government
cover
1943
or
Dec.
Monongahela Valley
Corporation, will be placed in
to
Consolidated
News."
Colombian
the
facture
is attributable in large measure to substantial increases in
payroll costs. Costs in general have been increasing during the past
three years.
Since April, 1941, steel prices have been limited to ceil¬
to
stock
common
and
1943, the company issued the remaining
$6,000,000 of
debentures, the proceeds of which were used to replenish
serial
Film
blast furnaces, eleven open-hearth
uses
1942,
ings
Steel
rate of
The
the
products
of
and
in
and
9,300,000
adjusted basis, from $20,400,000
fourth quarter results from
an
$9,300,000
to
increased
of
Government
The
income,
quarter
and
375,703 shares,
corporation's
United States Rubber
20,400,000
13,400,000
loans,
1,
Years Ended—
The
United
States Rubber Co.,
through an investment in capital
stock, has become associated with Compania Croydon del
Pacifico, S. A.,
leading rubber manufacturer of Colombia, South America, according
to
a
statement made on Jan. 26 by L. C.
Boos, Vice-President of
United States Rubber Export Co., Ltd.
16,500,000
19,100,000
—
Sept.
treasury
furnaces, three electric furnaces,
a slabbing mill, plate mill,
forge shop, machine shop and heat-treating
and steel conditioning facilities.—V. 159,
p. 115.
Reported As Adjusted
15,700,000
—
Fourth quarter
in
with
largest wartime addition to the
Plant
Thomson Works,
to
$15,400,000 $17,400,000
—_
_!__™__________——
Second quarter
Third quarter
4%
'j
,
1943—
First
Defense
S.
at the
allow for
their pro
rata share of the annual provision for income taxes, the
income for those periods compared with income
reported would be as
adjusted
quarters.are
shares,
Steel Corp.,-a subsidiary, for the account of the
Government.
"
The new facilities are at three
Pittsburgh district
%
results
capacity,. the
the
for
was
If ;the
3,127,961
On
Huge War Addition Financed—
The
on
the fourth. quarter of 1943, after all costs but before
dividends, was $13,389,673.
Income for the 12 months
$63(642,322, compared with income for the 12 months of
1942
of
$71,248,569, as adjusted, by renegotiation, a decrease of
$7,606,247.,'
^
J,
1943
with
bank
stock.
Minority
11, 1944.
declaration
of
domestic
•
February, the company announced
Income
.
compared
holdings of
record Feb.
share
per
shares
1943.
1943,
output
$1.75
compared
Sept. 30,
the preferred
stock,.payable Feb. 19 to holders of record Jan. 28, and a dividend of
$1 per share on the common stock, payable March 10 to holders of
of
8,174
31, 1943,
were
1,201,084 shares, or 13.800%, compared with 1,196,065
shares,
or
13.743%, Sept. 30, 1943.
Investors' holdings of preferred stock
Dec.
31, 1943, were 1,062,176 shares or 29.482%, against 1,074,182
shares, or 29.815%, Sept. 30, 1943.
Foreign holdings of
Steel
common
Dec.
31,
1943,- amounted
to
478,899 shares, or 5.503% of the issue, compared with 483,062
shares,
or 5.550%, held Sept. 30,
1943.
Of the preferred stock, 56,805
shares,
or
1.577%, were owned abroad Dec. 31, 1943, against 56,754
shares,
or
1.575%, so held Sept. 30, 1943.
Reporting the- earnings of the corporation for the fourth quarter
of 1943, Irving S. Olds, Chairman, announced that the directors-had
declared
Dec.
on
10.597%,
or
New
-
ending Dec.
earnings as
net
of
10.428%, Sept. 30, 1943.
company's
1942
unconsolidated
shares,
earnings
undistributed
estimated
the-six
is
increase
an
York State brokers' holdings of common stock Dec.
31, 1943,
1,846,464 shares, or 21.216%, against 1,885,253 shares, or
21.661%,
Sept. 30,
1943.
Brokers' holdings of preferred stock
were
381,777
$4.04
'
1943,
were
after giving effect
are
:
p, 2623,
United4
—
31,
New
587,996
;v'
31, ,1943,
reported
575,174
.*
issue,
86.820%,
or
$2,379,000
>
.
Note—The corporation's share
of-unconsolidated, companies for
was
$3,085,000
outstanding™-—™___!—_—
"Taxes are calculated
outstanding
~~
_,
!__
share———
per
."'V
■•
—'
487
the
Dec.
names
474,850 shares, or 13.180% held Sept. 30,. 1943.
Investors'
holdings of preferred amounted to 3,119,787 shares or 86.593% of the
1942
$5,429,000
3,050,000
$8,427,000
"5,342,000
in
from
Inc.—Earnings—
6 Months Ended Dec. 31—1943
Net
brokers'
were
The
Sprague
Warner-Kenny Corp. of Chicago and Baltimore,
Md,,
21 announced the purchase of stock control of
the Western
Co., of which the Marshall Canning Co. is a wholly owned sub¬
sidiary.
Nathan Cummings, President of Sprague
Warner-Kenny
on
Jan.
Grocer
stated
p.
that
his
corporation paid $17.50
Corp.,
a
share
for
the stock.—V
159.
116.
Western
All
of
the
Massachusetts Theatres,
Inc.—Calls Bonds—
outstanding 1st & ref. mtge. 6% bonds, series A, due
1959, have been called for redemption as of March 1, 1944,
at
105 and int.
Payment will be made at the Springfield National
Bank, corporate trustee, Springfield, Mass.—V. 157, p. 480.
March
1,
v
!<f.'!;• "V^J.
v/nV'V.al^; £%-,
y/tfjfcijdu &)'>'?■ •••"»—
jli»-
">>» S-?k •': •■=■'I'-u-Wl: ■•'•■- /;o
'••' >«>V -•>V
probably
Western Maryland Railway—Income Account—
Period End. Dec. 31—
Operating
i^r
••
•
•/'•.
•.«.. •»r'..
J
..
oper.
■"2,510,266
Taxes
Joint
185,118
__________
Equip,
rents (Cr)
54,993
11,555
417,281
180,341
$797,337
$7,464,076
333,084
$242,068"
income_
oper.
ry.
income
17,205
58,779
__
charges
Net
$300,847
$814,542
$7,797,160
275,854
3,287,720
3,350,433
.
and
sales
months ended Dec,
12
Note—Operating
1942.—V.
1,904,169
Operating income
Other
months
Miscell.
Westinghouse Electric & Mfg. Co.—$1 Dividends—
debt
on
11 ,380,035
6,164,934
835,173
897,718
349,353
215,077
91,295
Cash
164,000
Balance
$50, and on the 7% cumulative and participating
$50, both payable Feb. 29 to holders of record
Feb 8.
Similar payments were made on Feb. 26, May 28, Aug. 31 and
Nov
30
last- year, while during 1942 the following distributions were
made: March 4 and May 29, $1 each; Aug. 28 and Nov. 30, 75 cents
stock,
common
par
stock,
preferred
each; and Dec. 22, 50 cents.—V.
of
8,715
49,435
9,059
1
Prev.
159, p. 52.
hand
on
Feb.
stock,
This
4.
distribution
declared
have
directors
common
is
first
the
made.—V.
was
dividend
a
10
Of
cents
share
per
on
Divs.
$5, payable March 1 to holders of record
dividend since Feb. 15, 1940, when a similar
par
158,
p.
and
demand
the
harness
"Jeep"
peacetime use
for
*
Deferred
16,549,314
12,906,477
11,953,265
Patents,
$6
on
Ward
After
face value
deposits
$1,086,000
$690,000
705,000
604,000
543,000
1,153,000
the
a
Jeep
Army
wide
ful
of- civilian
in 1944.
National
York, has been elected as a director.—V. 159, p. 388.
directors have declared
The
and
dividend of 20 cents
extra
30
Feb.
both payable Feb.
par $10,
cents per share
New
credit
the com¬
Foss
annual report,
fifth
the
income
told
President,
Wilson,
3%
one
of
Over
sales.
Operating
*
ten
years,
1.36 cents
the report
sales as
The
net earnings have,
against
materials
the
took
in
78
1942.
cents
Mr.
of
each
Wilson
and providing
sales
that
there
A
last year or about the
after paying all operating
remained
only about one and
seven-tenths cents of each sales dollar for earnings and interest.
A very small percentage of the
company's business, beginning with
the
1942
added
will
that
not
Mr.
fiscal
in
for sinking
inventories,
year, is subject to renegotiation, Mr.
his opinion adjustments on these war
Wison said,
contracts, if
final
reserve),
Federal
-V.
for
$520,345;
depreciation
subsidies
for
plant
property,
applicable
to
inventories
contingencies, $3,150,000;
of
a
total
2s,
or
of
has
been
declared
40%,* for the
preceding year the total
was
2s
♦■A,divldend
stock, no
made
10
told
stockholders that diversification was
particularly
in earnings last year.
He pointed out that the company
continually Increased the utilization of by-products and extended its
dairy and poultry operations as well as many others.
A somewhat larger
supply of meat is expected this year than in
this
on
cents
per
share
on
Dec.
was
1943,
he said, but
the
will
power
armed
be
forces
greater
will
than
need
the
and
more
supply.
civilian
A
dividend of
stock,
will
par
$10,
ments
meat
The shortage
last
year
Sept.
40
cents
payable
were
1, 25 cents;
ALABAMA
and Dec.
shows that the city
finished its fiscal year on Aug.
31,
1943, with accumulated
assets
of
$1,384,079, after paying all current
debts and operational costs. Com¬
on
the report, City Com¬
President
Green said that in his
last
fiscal year
was
the
the best the
ceding these three, the City
ficiency
was
He gave credit to the ef¬
of
his fellow
city
of
a
net
tion
of
31,
The
city
reduced
its
bended
debt
year-end
a
p.
been
holders
1
declared
of
and
50 cents.—V.
159, p.
employes
and
York
According to Comptroller Arm¬
strong, the city has had to seek no
plants
on
Mayor Walter L. Ellis "asserted
today that if the purchase is ap¬
proved
his city will become tax
County,
Pa.,
the
now
on
an
Jan.
25
issue
bonds
the voters authorized
of
for
Tucson
$9,500,000
the
Gas,
revenue
purchase of the
Electric
Light &
The bonds
were
to the Robert E. Schweser
Omaha.
held
In
connection
sold
Co., of
with
the
At
had
gave
of
31
the
will
executive
essential in
be
will
of
*
stock,
The
In
tions
the
conditions"
ment
said
which,
special assessment bonds
$20,838,000.
Against
—
that
was
on
the
morrow on a
$9,500,000 bond issue
^ P"rchase of Tucson
in¬ Electric
Div
—
after
and
is
it
that
government
determined
consistent
manner
the
with
plants
the
1.
share
.
was
payment
the
Feb.
stemmed
from
"unsatisfactory
y/J
war
/
"
'
'
manage¬
■
,
>
No labor trouble is involved, the Navy said, and existing
working conditions will be maintained.—V. 158, p. 1774.
.
common,
"
'
'
*
?
•
■
*
'
r
J\
'•*
'
'
l'h
r
v
?
wage
'
»
y
J ? S
and
^
f
(Thomas) Young Nurseries, Inc.—$1 Dividend—
of
as
dividend
of
Feb.
9
$1
per share has been declared on the common stock,
holders of record Jan. 28.
Payments in 1943 were
10,-;50 .cents; and May 22, $1.50.—V. 157, p. 1856.
to
follows: Feb.
,
common
19.
;
Pay¬
have
has
two
filed
Zeller's, Ltd.; Montreal, Canada—New Director—:
Allan
been
A.
Magee,
elected
a
President
director.—V,
of
157,
Barclays
Bank
264.
p.
of Canada,
Ltd.,
/
has
'
hurdles ahead:! Tucsori
said
there
hasn't ordered the parent Federal
Light & Traction Co; to divest it¬
self of the Tucson
property; Until
it does the utility may not be for
sale.
was
SEC
noon
today only 143 voters
qualified.
South
The
Tucson
last
a
census
population
will
hear this
plan Jan. 27,
at which time it also will consider
Federal's right to retain the Tuc¬
son
stating
that
when
the
Federal
the town
was
census
in
' : !
company.
Tucson, Ariz.
To
Vote
an
for Feb. 24 to authorize purchase
of the utility.
No bond issue will
On
Power Plant
election for Feb.
sition
submitted .at that time.
If this young municipality au¬
Gas,
Light & Power Co., which thorizes the purchase it still will
tric
&
of
Pur¬
the
Power
24
Tucson
Co.
on
a
pro¬
Gas, Elec¬
question
The
will not
provide for a bond issue
project.
A similar
proposal
was
rejected by
the
to finance the
voters
at
ARKANSAS
condemnation
proceed¬
ings against the utility to- guard
against its falling into South Tuc¬
son's hands, and the Securities and
Exchange * Commission ;• as
yet
|the present population at 2,500,
be
materials"
war
days
"in a
that the Navy had "formulated certain condi-;
will result in return of the plant to private man- )
if met,
agement."
,
community
*
action
posal calling for municipal acqui¬
small
v
and
Navy
chase—The City Council has called
This
ancf
stated only
that
the step was
plants "may be effectively operated
the
60
privately
the
outskirts of Tucson will vote to¬
•
within
end
operated
over
order
order that
manufacture
possession
Navy—
take
,
presidential
election, the Associated Press re¬ throes of a disincorporation move.
short-term leans to meet
emerg¬ ported the
following in a dispatch ; The Tucson City Council, mean¬
ency expenditures at any time for
from South
Tucson, dated Jan. 24: while, has called another election
the last two years.
'
;
/
The City's Total Bonded Debt—
General
obligation
bonds
and
the Navy to
corporation, which are located in
out products for both the War and
Navy departments.
1,065, but Mayor Ellis estimated
came
directed
24
above
turning
year.
Ellis, Mayor,
Ellis
.
(the old company) on a
City Department
Mayor
election
reelected
officers
Co.—Redemption of $100,000 Bonds
Jan.
on
of
reports
commissioners, Eugene Power Co.
Connor and J. W.
Morgan.
the
The parent company has pro¬
nothing fabulous about his prom¬ posed reqrganization plan to con¬
ise, because the city's budget was solidate its subsidiaries in Arizona,
The
only $17,200 for the current fiscal New Mexico and Colorado.
the
Other
13.
York Safe & Lock Co.—Plants Taken Over by
President Roosevelt
operate
South Tucson (P. O.
Tucson), Ariz.
Bonds Sold—Walter
at
Jan.
on
Elmer
preceding page.—V. 157, p. 2160.
1, 10 cents each;
148.
during the year under re¬ and license free- and that con¬
$608,000. In addition, the sumers,
including
residents
of
city paid a mortgage debt on the Tucson and the wide
desert area
Highland Park golf course of
surrounding it, will receive a 14%
$450,000.
•
reduction in rates.
that
the Board, and S. E. Lauer, President,
organization meeting of the company's board
an
announced
was
York County Gas
A
record
June
it
See under Pennsylvania Gas & Electric Co.
.
1656.
view by
ARIZONA
$5,047,000
Shipley, Chairman of
deemed
1943.
the
on
its
neighbor, Arizona's second
$2,749,659.
This largest city, rejected Oct. 29 but
general obliga¬ now is considering again.
and special assessment debt
$18,088,341.
Cooper
opinion, the
the third consecutive year "in
black." In the 13 years pre¬
in debt.
for
W.
city has had in its existence and
was
assets
makes
Armstrong
menting
1,
to
March
717,000
,
158, p. 96.
debtedness, the city has sinking
fund
City Finishes Fiscal Year With
Surplus—The recent financial re¬
port issued by Comptroller C. E.
mission
1
follows:
775,000
817,000
At
a
stockholders'
meeting which preceded the/;: meeting of the
directors, the following directors were elected:
W. S. Shipley, S. E.
Lauer, Elmer Kleinschmidt, Llewellyn Williams, Vincent Keesey, Philip
H. Glatfelter, J. W. Gitt, all of York; Walter Geist of Milwaukee, Wise.; '
C. W.
Fenninger, Philadelphia; John S. McMartin, New York, and
Paul Peltason, St, Louis.—V. 159, p. 259.
This
common
Dec,
declared
followed
share has
per
March
as
•
A.
Kleinschmidt, Executive Vice-President; Llewellyn
Vice-President; Vincent Keesey, Secretary; John S. Lebor,
Treasurer; D. M. Magor, Comptroller, and C. J. Malone, J. F. Witman
and W. A. Push, Assistant Secretaries.
.,7 >
v* •
Wurlitzer Co.—40-Cent Distribution—
State and
Birmingham, Ala.
S.
payable
(Rudolph)
*
■{'
effort."
the
on
6d, or 50%.—V.
by
1943.—V. 157,
10,
610,000
2,635,000
775,000
valued
taxes.
per
which
issue,
401,000
2,635,000
minority
value, payable Feb. 15 to holders of record Feb.
On April 28,
1943, an initial distribution of 60 cents
any,
taxes__
Williams,
in
ended
year
cehts per share has been
par
and
income
________
147.
directors,
included
and
year ended Dec
of
6d
*-
York Corp., York, Pa.—Officers & Directors—
of
preliminary statement for the
Is
$310,000
value $10)__________
(par
have been reelected at
$18,850,000; other obligations due after
for replacement of basic
"last-in, first-out"
of
13,000
$5,047,000
$4,887,000
159, p.
W.
.
ad¬
1958,
dividend
39,000
$259,000
Total
fund.
$41,083,445;
£5,203,654, before provision for
profit of £5,699,822 in 1942.
a
241,000
7,000
Oct. 30, 1943
"last-in, first-out," $607,090; first mortgage bonds,
a
!
accruals
surplus
tTo
important
purchasing
surplus
allowances.
Worcester Transportation
Associates—20-Cent
materially affect net earnings.
Wilson
of
profit
a
with
compares
dollar
observed
for taxes,
(less
April 1,
company in
1943,5 shows
1.39 cents in
making
as
$23,641,191;
reserve
year,
just closed and 1.41 cents in the preceding year. These earn¬
ings are equal to 1,8 cents on each dollar paid for livestock, dairy and
poultry products and other raw materials.
Payments for these raw
same
purchased
$700,000.
and
and
Federal
stock
The
the year
expenses
returns,
$0.84
(F. W.) Woolworth Co., Ltd.-—Earns.—Dividend—
'•
pointed out,
dollar of
per
debentures
Balance Sheet,
for
Capital
equity in subsidiaries consolidated, $1,049,287; $6 cumu¬
preferred stock (324,783 no par
shares), $22,724,800; common
stock (2,001,163 no par
shares), $18,400,855; earned surplus, $27,119,243; treasury stock at cost (1,553 shares $6 cumulative
preferred stock,
$129,139; and 7,857 shares of common stock,
$89,834), Dr$218.973'
total, $134,350,875.—V. 158, p. 1480.
company's
all-time high,
also
the past
due
241,000 *
1
*
Capital
12,906,477
$2.55
credit of
discounts,
stockholders'
the
issued Jan. 24, that total sales reached an
year in which sales have increased.
averaged about
and
$75,350; reserves
inventories, $1,600,000; reserve
substantially higher than for the year ended Oct. 31,
1942, but Mr. Wilson pointed out that after income deductions and
provisions for greatly increased taxes, net earnings only amounted to
1.39%
respect
series
1,122"000
1,057,000
r
$4,887,000
payable
lative
stockholders in
consecutive
was
in
at qost on basis of
1 to
Wilson & Co., Inc.—Annual ReportEdward
$2.68
,
debt retirement
less
16,549,314
company not consolidated (covered by net current
miscellaneous
investments
(at
cost,
less
reserve),
(less
15,000
40,000
Liabilities—
Liabilities—Notes payable to banks',
$17,949,016; accounts payable,
including payrolls, interest, etc., $8,578,950; accrued general and social
security taxes, $1,154,145; reserve for U. S. and foreign income
taxes,
$12,657,261; other obligations maturing within one
year,
$653,850;
share
per
on
estimated
assets
etc.
reserves)______:
amortization!'.;..
less
:
23,000
13,000
33,000
charges
Earned
21,655,063
$2.73
$238,053),
other
(less
equipment
872,000
1,428,000?
9,000
__
plant (less reserves)
Accounts
$23,130,329), $43,147,732; leaseholds, less reserve for amortization,
$260,550; properties
held for sale, at estimated realizable
values, $495,603; prepaid insur¬
ance, etc., $526,342; unamortized debt discount and
expense, $406,817;
total, $134,350,875.
:
holders of record Jan. 22,
distributions were made on Feb. 1 and Aug. 2, last year, and
2 and Aug. 1, 1942.—V. 157, p. 352.
stock,
Similar
on
an
usual semi-annual dividend of
the
of
$60,000;
equipment,
Wisconsin National Life Insurance Co.—Extra Div.—
mon
27,119,243
•
of bonds
affiliated
to
assets),
even
Bank,
2,666,069
$14,385,915; U. S. Treasury tax notes at cost, plus
interest, $9,202,132; accounts receivable (less reserve for doubt¬
accounts
vance
being manufactured in mass quantities
as
well as military jobs, and that an
already
is
number
greater sale of the power plant is expected
Edward L. Love, Vice-President of the Chase
3,393,219
profits taxes.
Total
254,728
operating revenue,
$620,802;
for
1,938,990
and
excess
*
1942
5,364
Assets—Cash,
accrued
of
Canaday explained that the powerful engine developed by Willys
for
Plant
15,577,910
11,250
Consolidated
the famous scout car, he
cited a substantial increase in-orders for Jeep production during the
first half of 1944 as evidenec that 7war is still our principal busiMr.
19,953,783
20,040
1,939,002
pfd.__
deducting
and
Canaday,.
M.
23,868,823
______
cum.
Ohio,
.
.
29,058,245
■,
tOver
the farm, in the
at the stock¬
on
Toledo,
18, by
reviewing the post-war possibilities
In
,286.548
'3,624,645
trade
and elsewhere, were outlined at
holders* annual meeting held on Jan.
President.
84,737
7,047,306
of
Provision
Willys-Overland Motors, Inc.—Post-War Possibilities
to
76,245
7,319,508
Earn. surp. end of yr.
Earns, per com. share—
—New Director Elected—
Plans
1,244,561
66,609
Leaseholds, London, Engl.
2397.
factory
3,085,762
earnings _____7,403,182
earned surplus
21,655,063
t Excess" of cost'
.
The
7,500,000
$0.24
1943
Post-war refund
Total'
$0.26
80
Sundry investments and advances
Officers' and employees' notes and accounts-..
Idle
Net
(II. F.) Wilcox Oil & Gas Co.—Resumes Dividend—
the
*8,600,000
subsidiaries
$717,000
Sheet, Nov.
S. Treasury certificates and tax notes
Accounts and notes receivable, less reserve
Inventories
1
Minority int. in net inc.
par
198,000
$817,000
U.
44,966
.
851,000
$915,000
Assets—
ri.
$64,000
913,000
.
cash______
in
Comparative
for¬
and
paid
908,824
738,900
eign inc. and excess
profits taxes_________
the
88,000
Vv '.
$981,000
year.
—
_______—
*
26 declared a dividend of $1 per share on
Jan.
The directors on
47,000
64,000
,
since Aug. 31, 1932—
Earnings per share on common.
red.
deductions-—.
(estimated)
Earned surplus
16,088,995
—__
for U. S.
Prov.
6,164,934
289,393
during year
taxes
$68,000
income
Dividends
192,623
777,304
debt
interest
Premium
11,187,412
312,409
.
Income
surplus, beginning of fiscal
Total
17,920,354
—_____
funded
on
15,776,586
284,398
income
Total
Interest
*
159, p. 52.
7,635,956
income
$199,000
v,
35,000
for Federal
income
Earned
2,869,905
:
11,000
$167,000
_____—
deductions
Net
1,753,415
3,245,376
Other
of defense
of 1942;
amortization
account
include
Other
income
Provision
31,934,278 ^Available
1,880,467
1943.
31,
expenses
projects of $85,819 for month of 1943 and $86,951 for month
and $1,023,989 for 12
months of 1943 and $933,074 for 12
32,980,811
3,044,853
.
$188,000
13,000
—
Not
<
28,130,156
1,448,000
$154,000
operations.
from
income
Total
oper.
_—
1942
$1,636,000
$
Depreciation
for month and $848,450
Oct. 26, '40
$
,w,',rv
Taxes
$4,162,230
$4,509,440
$538,688
$28,342
income
■"Includes account retroactive pay of $778,450
$
'
Selling, gen. and admin.
$7,612,663
272,505
income
Gross
Oct. 31, '42 Nov. 1, ' 41
profit
Other
532,430,127 517,315,023 371,934,184 280,379,364
expenses
Fixed
Net
subsidiaries)
inch inb'd freight 481,739,294 463,408,081 324,189,174
exps.
1942
1,477,000
beef
corn
Account
foreign
$
sales
of
Cost
Net
Other
Oct. 30, '43
^
tGross
Income
and
Wilson Jones Co.- -EarningsQuarter Ended. Nov. 30—
$1,631,000
more
domestic
Years Ended—
$7,311,848
200 815
jDrll,894
facility rents (net)
and,
Consolidated
.
(Including
402,981
173,374
41,478
.—
pork
recently, a dehydrated
hash which has been well received by the armed forces,
$1,060,698 $12,750,254 $11,483,040
306,799
5,523,118 ' 4,400.799
$397,602
revenue
Monday, January 31, 1944
more
pronounced during the spring and summer, he
called attention to the fact that Wilson has developed a
;
Net
CHRONICLE
be
He
superior dehydrated
'$2,719,864 $34,706,316 $30,639,650
1,659,166 '"21,956,062
19,156,610
$2,907,868
expenses
added.
1943—12 Mos.—1942
1943—Month—1942
revenues
Operating
of
V
THE COMMERCIAL & FINANCIAL
488
for
.
an
earlier
election.
■
.^/Arkansas (State of)
v
Public Offering of ■ Bonds—: A
block: of
$3,592,000 31/4% high¬
refunding bonds of 1941 is
being
offered
by... a syndicate
way
headed
ties
by the Equitable-Securi¬
Corporation for general in¬
vestment, at prices to yield from
2.25% on up to 2.60%, according
to maturity.
Coupon bonds, de¬
nomination $1,000, registerable as
to
both
principal and interest.
April 1, 1941. The issue is
into:
$3,026,000
3J/4%
serial bonds, due from April 1,
1956 to 1969; and $566,000 314%
term bonds, maturing from April
1, 1955 to 1965, all inclusive. Prin- '
cipal and interest (A -O) payable
in New York City, St. Louis, Mo.,
or Little Rock, Ark., at the option
of:,the holder.
Term bonds are
Dated
divided
30 days published
and accrued interest
serially in numerical order April
optional
upon
notice at par
1, 1943 to 1971, inclusive., and an¬
nually after such initial optional
dates.
named
Associated with the above
firm
in
the
offering are:
£1
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4251
159
First National Bank of Memphis,
Whitney National Bank, New Or¬
leans, Leftwich & Ross of Mem¬
phis,,-R. S. Dickson & Co., Inc.,
Union Planters National Bank &
district's bonds. .The plan pro¬
vided the payment to bondholders
public improvements bonds which
unsold.
remain
Auditor J.
County
discloses that $300,000
of 56.918 cents
M. Lowery
voted May
claims
and
the
on
other
principal of
indebtedness
would be settled at 26.14 cents
Co/., Memphis, The Robin¬
son-Humphrey Co. of Atlanta,
Almstedt Bros, of Louisville, and
1, 1927, in Long Beach for gas
system improvements remains un¬
sold, as does a bond issue of $78000 for waterworks improvements
other members.
June
opposing creditors.
Trust
V
Springs, Ark, T"
—
City Clerk, will receive sealed
bids
until
chase
Feb.
of
$200,000
authorized
Jan. 15.
18
airport
the
at
the
for
sell
to
Emmett Jack¬
pur¬
bonds
election
held
been
various
tions
authorized
in
but
bonds for
has never
$5,335,000
purposes
Little Rock,
failed
has
Beach
Redondo
will
These objec¬
be
heard February 17,
Judge John W. Hol¬
land, who will then either accept
spe¬
Little Rock* city government top¬
ped the $1,000,000 mark in 1943:
according to a report issued re¬
cently by City Clerk H. C. Gra¬
ham,
who
said
for
record
have set
figure set a
and may
years
Demands
—It
•'{;
is
Higher Interest Rate
that Joseph P.
reported
Lea, Jr., attorney for the Crummer
Aliuras), Cat. Company, fiscal agent for the City
Bond Issue Paid — County fi¬ of Fort Myers, Fla., has written
the city in behalf of bondholders
nance officials paid on Jan. 3 the
last $20,000 of a $400,000
bond claiming that interest rate on the
issue, approved by the voters in city's, bonds should revert to the
1920 for road building. All of the original rates of 5% and 6% be¬
T"
.
roads
Receipts last year to all munici¬
pal
funds , were
$1,022,103.69,
which compared with $996,198.48
reported for 1942.
As of Jan. 1,
constructed with the funds
accumulated
was
last
year.
for hand¬
ling the city's bond accounts dur¬
ing the coming year, Mr. Graham
that he
plans
plans to recommend
calling of two maturities, amount¬
ing to $32,000, of the second air¬
This is the only
port bond issue.
callable.
be
can
three
.
bond
which
issues
is
Nearly half this amount
paid from surpluses in
.
bond
other
wil be
which
accounts
paid out this year, he said.
>
!
connecticut
s
Bonds
Offered
Public
for
The
—
of
In¬
city to levy the full
debt
carried
7
savings
of $75,975
over
life of the bond issue will be
the
possible
this
plan,
Mr.
Graham said.
california
will
and
retired
be
in ten
years,
for
bonus
the
sale.
(State of)
—A
for
measure
issue of $30,-
an
000,000 bonds is to be submitted
the voters next Nov., to pro¬
to
vide loans for
war
veterans to aid
them in purchasing homes.
Bond Sale Details—The follow¬
ing
G.
list
was
sent by - Charles
Johnson, State Treasurer, in
with
connection
the
the
of
sale
$633,000 and the $1,947,000 bonds
by the Third and Second
San
Francisco
Seawall
Sinking
held
Fund:
Int. Rate
for $633,000
Bank, Port¬
land; Goldman, Sachs &
Co;
Union
Securities
Corp., New York; F. S.
Moseley & Co.; R. W.
&
Pressprich
be
used
to
for the
pay
•
ex¬
penses.
One-half will be used to
finance
assessments
This
to
property
will be returned to
Borough.
—-
called
for
issuance of construction, ac¬
quisition; revenue and refunding
bonds, ratified at the election held
in Sept, Wilbur Rodgers, Exec¬
utive
Trust
135.79
'
v
Co., New York
Ripley & Co.,
/
Inc., Harris Trust & Sav¬
ings Bank* Chicago First •
Boston Corp., and Dean
Witter & Co.,135.07
Bank
of
America
National
Trust & Savings
j
Associa-
tion, San Francisco——- 134.20
,
Bank of America National Trust
&
Savings Association, San Fran¬
cisco for $1,947,000 at 131.27.
First National Bank, Portland
for $1,947,000 at a price of 130.43.
R. H. Moulton & Co., and Asso¬
ciates for $1,947,000 at a price of
130.37.
'
V
■
,
Goldman,
Sachs
&
Co.,
Associates for $1,947,000 at a
of 130.20.
Los
Angeles
sold—Eight
school
have
Bonds
cities
districts
Los
Remain
Un¬
voted
and
of
nearly
and
price
O.
County (P.
Angeles), Calif.
Authorized
that
bonds have been authorized
as
no
yet
of
amount
the
outstanding
Worth, was
adopted by the City Commission
recently, according
to
Florida
bonded
debt
of Lake
reports.
The bond resolu¬
adopted Aug. 27, was re¬
pealed, but only slight changes
Hernando
County (P. O. Brooksville), Fla.
*
made in the
were
resolution.
new
Mary Esarey, City Attorney, ex¬
plained the new resolution enables
of
refuse
exchange,
fered
for
sale
awarded to
John
a
on
Jan.
25
were
syndicate composed
Nuveen
&
Co., of Chi¬
District
and
Port
Tenders
Wanted—J.
Pome-
R.
roy, Secretary, announces that theBoard of Commissioners will.re¬
ceive
sealed
proposals at his of¬
Stuart, Fla., until Feb. 15,
for the purchase of $10,000 bond*#
fice in
of St. Lucie Inlet District and Port:
Authority in Martin and St. Lucie
Counties, Fla.
:
..
georgia
Augusta, Ga.
Plans Bond Issuance—The
City
planning
to
issue
$180,000!
hospital authority revenue bonds.
is
Idaho
own¬
and
it
The pur¬
Idaho (State
To
Retire
of)
General
Obligation
Debt This Year—All general obli¬
Marion County (P. O. Ocala), Fla.
Bond Sale—The $224,000 road
gation bonds against the State of
will be retired by the end
of the year, leaving $400,000 to
$600,000 annually to devote to
post-war building, Governor A. C.
and
Bottolfsen
she said, is to
$1,800 in fees.
pose,
refunding
for
on
sale
awarded to
the city
save
bridge
fered
bonds
Jan.
11
of¬
were
syndicate composed
of John Nuveen &
Co., of Chicago,
B. J. Van Ingen &
Co., of New
York, Trust Co. of Georgia, of
Atlanta, Leedy, Wheeler & Co., of
Orlando, and the Ranson-Davidson
Co., of Wichita, as 2.10s, paying a
price of 100.56, a basis of about
2.059%. Dated Feb. 1, 1944. Due
July 1, 1960. Issued for the pur¬
of
a
refunding
outstanding
bonds, bearing interest at 4%% to
6%, and maturing Feb. 1, 1944.
$1,517,000 SBA
refunding, Series 1944 bonds of¬
of
to
second validation.
a
Miami Beach, Fla.
-
Bond Sale—The
Inlet
Authority, Fla.
press
«
,
Lucie
..."
tion
pose
by the Authority.
date.
bonds
payment
April
on
by
coupons
Dated
due
on
April
1, 1939.
April 1, 1969. Payable at the
Chase National Bank,. New York
City. Interest ceases on call date.
'
ers
ilar
Bond
ed
Offering—C. W. Tomlin-
City Clerk, will receive seal¬
son,
bids
until
noon
the purchase of
ceed
3V2%
bonds
of
Feb.
on
9
for
$124,00 not to ex¬
refunding
coupon
.
1944.
Dated
Idaho
March
I,
told
the
State
Plan¬
ning Board recently.
The State
never
again should issue Iponds,
no
matter
how worthwhile the
,
he said.
cause,
illinois
Chicago, III.
State
Supreme
Court
Holdn
Warrant Funding Unconstitutional
decision
—A
of
vast
importance
anticipation:
warrants has just been issued by
the Illinois Supreme Court, the
holders
to
of
tax
burden of which is that creditors
have
of
Due
R. H. Moulton & Co., BankHarriman
Secretary, reports
cago, B. J. Van In gen & Co., of
New York, Leedy,. Wheeler & Co.,
plus accrued inter¬
par
est evidenced
that
Milwaukee Co., and Hanna->
.
ford & Talbot—
1135.29
.
of
1944, Denomination $1,000.' ;Due
Orlando, Trust Co. of Georgia, March
1, as follows: $4,000 in
Robinson-Humphrey Co., both of 1947 to
Seaford, Del.
1950, $5,000 in 1951 to
Feb. 1 Bond Payments Sched¬ Atlanta, and the Ranson-Davidson
1958, $10,000 in 1959 and 1960, and
uled—City Council voted recently Co., of Wichita, as 2.60s, paying $12,000 in 1961 to 1964.
No op¬
to call in 10 bonds of $500 each of a price of 100.015, a basis of about
tion of prior payment is reserved.
the Seaford Street and Improve¬ 2.597%. Dated Feb. 1, 1944. De¬ Rate
of interest to be in a multiple
ment Bond series, expiring Sept, nomination $1,000. ' Due March 1,
of not less than one-tenth of 1%.
as follows:
$29,000 in 1947, $25,000 Bidders
15, 1951, to be paid at the First
may
submit
alternate
National Bank of Seaford, Feb. 1, in 1948 to 1950, $30,000 in 1951 to
bids at different rates of
interest,
1944, and also taking up an ad¬ 1953, $450,000 in 1954 and 1955, but all of the bonds of this issue
ditional $10,000 of revenue cer¬ and $425,000 in 1956.
!
must bear the same rate. - Prin¬
tificates of the Seaford Light and
The $1,517,000 SB A refunding cipal and interest
payable in law¬
Power Company,
Jan.: 15, 1944, Series 1944 bonds are dated Feb. ful money at the Chemical Bank
aside from the quarterly $8,000
1, 1944. Denomination $1,000. Due & Trust Co., New York. Registerthat will be taken up at that time. March
1, as follows: $27,000 in able as to principal only; general
1947, $25,000 in 1948 to 1950, $30,- obligations; unlimited tax levy.
florida
000 in 1951 to 1953, $450,000 in The bonds will be
prepared un¬
1954 and 1955, and $425,000 in der the
supervision of the Con¬
Auburndale, Fla.
1956. Principal and interest pay¬ tinental Bank & Trust
Co., New
Bond Call—J. Wiley Jones,
City able at the First National Bank
York, which will certify as to the
Clerk, reports that all outstanding of
Tampa.
The payment of said genuineness of the signatures of
4%% refunding Series A bonds
1, 1944, at
Co.,
Co.,
& Weeks
„
im¬
and Summit Street and other
are
EstaAlex.
; Brown & Sons, Paul H.
Davis & Co., Hornblower
&
brook
for
the
St.
;
Lake Worth, Fla.
Resolution
Adopted — A
new
bond resolution
authorizing the
call date.
on
the
to
to
ceases
no
sufficient
pay
to
recourse
investment
in the
taxes
regain their
event
are
the warrants.
that in¬
collected
to
The court held
the State legislature cannot
constitutionally pass an act to au¬
thorize payment of such obliga¬
tions but of revenue other than
that
the
levy against which the war¬
are drawn.
In reporting the
decision, the Chicago "Journal of
rants
Commerce" of Jan.
further
The
22, commented
follows:!
as
y/
in the affir¬
mation of a Cook County Circuit
Court order enjoining the Chicago
Board of Education and the City
of Chicago from issuing bonds to
pay a judgment to Frank J. Lewis,
ruling
came
President of the F. J. Lewis Manu~>
facturing Company and former
deputy chairman of the Federal
Bank of Chicago, who
sought recovery on $70,000 worth
of 1929 tax anticipation warrants*
Reserve
'
First National
*
in
the
funds
The
delaware
Plan to be Submitted to Voters
amount
already
>
$5,000 per year for the first five
years and $4,000 per year for the
last five years. They will bear in¬
terest at the rate of 1%%
per
year. The Borough will receive a
the
California
is
following item of interest:
are now on
sale by the
Greater Miami Port Authority
Borough
of
Southington,
with
(P. O, Miami), Fla,
Day, Stoddard & Williams of New
Bonds Not Authorized—In con¬
Haven
acting as brokers.
The nection with the bill
creating the
bonds will be issued for $45,000
above authority and providing for
owners.
through
service,
courts.
Bonds
taxpayers
ultimate
letter
Company of
Indianapolis, seeking to force the
Southington
Jan.
highway and sewer systems for
Old Turnpike Road, Carter Lane
An
Lea
United Life Insurance
Southington, Conn.
provements in Old Turnpike Road
of $20,400.
The
higher rate for 1943.
A suit brought by the American
will
millage tax.
If
this is done it will effect a savings
fund.
claims the
valorem
the
delivered
brings all bonds under the new
issue,/.thus eliminating the need
T./
■
the
to
be
subsequent
coupons
that date attached. Interest
purchasers of said bonds, without
charge. "■
sinking
the county.
The remainder can be taken from
ad
all
ers
the
,
the
the
York
with
made sufficient payments into the
"News-Times"
of
will
the Chase National Bank,
City, on date called,
or
New
requested, a copy of the
transcript of the proceedings in¬
volved
tine,
State
the city, (as requested by
refunding contract, had not. the city to call bonds which
cause
reconstructed by
or
vestment
one
behalf of said
on
tine National Bank, of St. Augus¬
acting
County
the
$87,840.67
said
the
have since either been taken over
1944, the city had in all funds a
surplus of $180,654.39, of which
Outlining
of
Administration,
by the State
all-time high for rev-
an
enues.
the
recent
for and
that
$3,781,200 refunding
bonds, Series C, to refund a sim¬
1913 Receipts Highest In Recent
Modoc County (P. O,
Years
Total receipts for' the
—
obligations
of
issuance
to
$125,000 in bonds for muni¬
cipal buildings.
Ark.
filing
or refuse the
findings of the
disposed of them.
Torrance has $75,000 in unsold cial master.'
bonds.
\s T:,';
Fort Myers, Fla.
sell
Board
effect
valid and legally
18 and 19 by
'
'.
binding
the
to
are
and, if
The next step will be the
of objections to the report by the
-
has
Pasadena
Hot
Bond Offering
son,
1, 1927.
on
the dollar.
Jacksonville,
such bonds
are
county
$3,500,000
in
Nos.
1
to
19, 25
73, 167 to 187, 190, S-33
to S-184, S-185 to S-224, S-315 to
S-437, S-452 to S-470, S-997 to S1002, S-1013 ,to S-1037, S-1042 to
S-1159, S-1160, S-1162 to S-1175,
inclusive, Series B, 1 to 4, 6 to 20,
31, 32 to 49, S-l, S-2, S-5 to S-8,
S-12, S-13, S-14 to S-21.
;
Everglades Drainage District (P. O.
West Palm Beach), Fla.
Debt
Composition
Plan
Ruled
Fair—A report on
the debt reor¬
ganization of the above district
has been rendered by N. Vernon
Hawthorne, Special Master, in
which he holds the plan of com¬
position, already approved by the
District
Federal
States
United
Court
Circuit
and
the
Court
of
Appeals, fair and equitable. The
master's report is based on testi¬
after
mony
taken
States
numerous
the
Bonds called
to 27, 38 to
Supreme
the
case
because
facts.
the
Court
United
had
sent
back to the District Court
of insufficient finding of
The
represented
objecting
creditors
enly $219,000 of the
will
and
be
the
interest
secured
by
thereon
pledge of
the full faith, credit and taxing
power of the County, and an ad¬
ditional pledge of the County's
a
distributive share of
cents per
line
or
gallon
other
a
tax of two
sales of gaso¬
like
products of
on
petroleum accruing under Section
16 of Article IX of the Constitu¬
tion of the State, by the terms of
which the Legislature of the State
is required to continue the levy
of said tax for a period of 50
the
officials
and
the
seal
im¬
pressed thereon.
Comparison of
bids will be made by taking the,
cost of interest to the City at the
rate named in the respective bids
and
deducting
therefrom
the
premium bid.
All bids must be
unconditional.
The bonds will be
delivered and must be paid for on
or
about March 1, 1944, at the
Continental Bank & Trust
Co.,
New
York, or elsewhere as may
iqutually arranged between
'be
the City and the purchaser.
Bids
must be upon printed forms to be
from Jan. 1, 1943, and is
prohibited from withdrawing the
proceeds thereof from the opera¬
furnished by said bank, or by the
above Clerk. The bonds have been
tion
validated
years
of said
sion
constitutional
during
bonds will be
the
State
tion,
a
of the
provi¬
said
period.
Said
issued and sold by
Board
Administra¬
of
body corporate composed
Governor, Comptroller and
Treasurer of the State, created by
and
existing under Section 16 of
Article IX of the Constitution
the State,
applicable
and
a
and
of
Court
will
decree
the
of
Circuit
successful
furnished
bidder
the
approving
legal opinion of Caldwell,' Mar¬
shall, Trimble' & Mitchell of New
York.
for
Enclose
a
certified
check
Johns
County
Special
Tax
School District No. 1 (P. O.
St. Augustine), Fla.
pursuant to the
of the State
Bond
Call—R.
B.
Hunt, Chair¬
of Public
said Board, and will be
man
of Board
by judicial decree.
tion,
announces
validated
Reference to
said
Constitutional
provision,
statutes and resolution may be had
for
of
a
more
detailed
said. bonds.
opinion of
The
Giles J.
description
approving
Patterson
of
•The
1929
Instruc¬
the call for pay¬
ment on Feb. 15, 1944, of refund¬
ing bonds Nos. 102, 105, 106, and
109 to
163 inclusive.
Dated Aug.
Said bonds will be paid
presentation at the St. Augus¬
taxes
collected to pay the
were
not enough
warrants
to redeem the full issue.
Follow¬
ing the Board of Education cus¬
tom, the warrants had been paid
as taxes were1 collected,
serially,
starting with the earliest num¬
bers, but approximately $7,OOO,O0(L
of warrants, with interest, were
not paid. ;
A number of suits were started,
claiming that
the
tax
money;
should
rata
have been distributed pro
the
to
warrant
holders
.
in¬
stead of by number, and variousjudgments were entered to col- "
lect
the
amount
of
obligations.
The
the
unpaid
/
Illinois
legislature
then
passed a statute to allow a bond
issue to be floated to pay these
judgments. After further litiga¬
tion, including a taxpayer's suit
to prevent payment of the judg¬
ments, the present decision re¬
sulted.
$2?480, payableto the City.
St.
statutes
resolution duly adopted by
and
be
by
he had purchased.
The Supreme
in part:
Court opinion said
"It must be taken as the
established law of this State that
a
statute
which
undertakes
to
authorize the payment of tax an¬
ticipation warrants out of
revenue
other than the levy against which
they
are
drawn
transcends
con¬
stitutional provisions.
"Mr.
Lewis
advances
various
15, 1938.
contentions by which he s?eks to
on
avoid the
application of the fore-
THE COMMERCIAL & FINANCIAL CHRONICLE
490
date, at par and accrued inter¬ Dec. 1, 1945 to 1964. : Bonds ma¬
The
bonds, together with turing 1954 to 1964 are callable
March 1, 1944 and subsequent in¬ June 1, 1954, or any interest pay¬
terest coupons, will be redeemed ment date thereafter, v,
',.v
ter
is
est.
going principle to his judgment.
He calls attention to the fact that
when
in obtaining his judgment he did
not declare upon the warrants but
limited his right to recovery to an
at
the
have received
or
at the First National Bank
amount he should
from the tax money collected on
Chicago.
kthe 1929 levy had it been paid pro
"rata on all warrants issued against
the
The
fund.
of
character
the
does
action
obviate
itself
in
difference in
the
not
corporate purpose 1944 tax war¬
rants offered for sale on Jan. 27
of
sue
Feb.
for
sale
on
or
about
1, by the district.
were awarded to a syndicate com¬
Winnetka School Dist. No. 36, III.
posed of the Illinois Co., Lee HigBond Sale Details—In connec¬
Mr. Lewis contended also that
ginsort Corp., John Nuveen & Co., tion with
the sale of the $27,000
to bar him the right of recovery
Kebbon, McCormick & Co., Blair, school
bonds to Mullaney, Ross
on
his judgment -was to violate
Bonner & Co., Martin, Burns &
& Co., of Chicago, as 1 %s, at
his rights under the due process
Corbett and Bacon, Whipple &
101.787, it is now reported that
clause of the state and federal
Co., all of Chicago as 13/4S, at a the bonds mature
May 1, as fol¬
constitutions. V.
-v//
price of 100.556.
The only other lows:
$20,000 in 1954, and $7,000
The Supreme Court said, how¬
the First
bidder
National
was
the anticipa- Bank, Chicago, for iy2s, at a price
tion warrants charged with the of 100.002.
knowledge that they did not cre¬
Cook
County
Non-High School
ate a liability against the school
District No. 216, III.
district issuing them. They were
Bond Call—Victor L. Schlaeger,
in legal effect, assignments of suf¬
ficient amounts of tax money to County Treasurer, calls for pay¬
pay the principal
and interest. ment on Dec. 1, 1944, $30,000 re¬
After delivery there was no lia¬ funding bonds Nos. 136 to1 145,
bility upon the municipality issu¬ 4V4%; Nos. 146 to 155 4%, and
ing
them,
either absolute
or Nos. 156 to 165, 3 V2 %. Dated June
"He purchased
ever:
-
in 1955.
On
1, 1940. Denomination $1,000. Due
June 1, 1960. Payment of the prin¬
cipal amount, together with ac¬
crued interest thereon up to and
contingent,, to pay if the taxes
levied proved to be insufficient.
denial of due process
to hold that the loss that arises
/ "It is not
such
of
out
a
warrants
imposed upon
issuing them."
Chicago
'
cannot
Dec. >1, 1944, will be
presentation ' of said
bonds at the First National Bank
and
Bonds must be pres¬
negotiable form and
1944,
subsequent interest cou¬
all
pons.-
Interest
called.
Halsey, Stuart & Co., Inc.,
100.279, a
ceased
date
on
,
„
'
Danville, III.
l^s, at a price of
as
basis of about 1.472%.
Bond Offering—J. V.
The bonds
Van Allen,
Comptroller, will receive
1944.
Due City
March 1, 1964, and are subject sealed bids at the City Clerk's ofto call by lot at par and accrued >
fice untjJ 9
interest as follows:
$185,000 on 1 l^e purchase of $114,196.63 not to
Sept. 1 in each of the years- 1946 exceed ,2%. lnterest^serles
to 1959, inclusive, or on any in- ( judgment funding : bonds.
Dated
Jan. 1, 1944.
Interest J-D. De¬
terest payment date thereafter and
nomination $1,000, one for $196.63.
$180,000 on Sept. 1 in each of the
Due Dec. 1, as follows:
$4,196.63
years 1960 to 1963, inclusive, or
in 1945, $5,000 in 1946 to 1949, and
any interest, payment date there¬
$15,000 in 1950 to: 1955: "The city
after,
dated
are
March
1,
of 1944
.
The successful bidders reoffered
uuvtVBJlw,
uiuuvii)
will be
made at the office of the
#■<.
MM
-w
,
-
,
,
.
will accept the best bid of par or
-
,
n
iMtnrAPT
MM,
absorb
of the
further
a
County
contem-:
for
1944
$3,000,000»
surplus, he said.
Livingston
of $11,The de¬
.
(Pi
O.
Bond
Hearing
Smith-'
Scheduled
—
15, 1944. De¬
refund
to
issues.
these
two
outstanding
y'-:r v-.'-r' V r-:-:'! ■/' >■;
•
bond issues the expense of print¬
MASSACHUSETTS
$1,000, one for $241.
July 1, 1958, Jan. and ing will be borne by tjhe City,
Beverly, Mass.
gal opinion of our counsel will
July 1, 1959, $2,000 Jan. and July
Note Sale
The $300*000 notes
1, 1960 to 1963, and $1,241 Jan. 1, be furnished, and delivery will offered for sale on Jan. 26—v.
159,:
,
—
1964.
Rate
of
interest
to
be
be made
in
will
be
of
lk
of
awarded
qualified
bidder
1%
rate
one
to
and
be
the
notice
of
sale.
The
Boone, Iowa
Bond
ducting
26, 1944. De$25,000 and $10,000
Nov. 3, 1944. The next high-
Due
an
election
Feb. 9 the voters will consider
an
issue of $60,000 airport bonds.
highest
bonds to their maturities and de¬
Election—At
on
bidder will be, the one who offers
the lowest net interest cost to the
City, to be determined by com¬
puting the total interest on all the
bidder
est
Second
discount.
was
Other bidders
First
Bond Offering—J. J. Shea, City
Clerk, will receive sealed and
open bids at 2 p.m. on Feb. 7 for
the purchase of $130,000 coupon
airport bonds. Dated Feb. 1, 1944.
Denom. $1,000. Due Feb. 1, as fol¬
.
'
National
Bank, Boston, at 0.38%
were as
Discount
National
National
•
follows:
Bidder—
Dubuque, Iowa
Bank, Bo.ston.st
Shawmut
.
0.384ft
.
Bank, Boston— 0.394
Beverly Trust Co
0 396
E.
0.397
H.
Rollins & Sons
"
-
Boston Metropolitan Disirict, Mass.»
Bond Offering — The Board of
therefrom the premium
The successful bidder
Trustees will receive sealed bids
required to make payment
until 1 a.m. on Feb. 8 for the purfor said bonds and accept deliv¬ lows: $18,000 in 1945 to 1947, and
chase of $2,600,000 not to exceed *
Bidders
ery thereof prior to 11, o'clock $19,000 in 1948 to 1951.
2%
interest
refunding
bonds.
a.m.
on
Feb.
15, 1944, at such should specify the interest rate
Dated March 1, 1944.
Due March
bank in the City as he shall de¬ and,
all. other conditions being
Proceeds are to ^
signate in writing, filed with the equal, preference will be given to 1, 1945 to 1969.
be used '.for;, the purchase of a like
Clerk-Treasurer.
Time is of the the bid of par and accrued inter¬
amount of Boston elevated railest or better l&ecifying the lower
essence of the foregoing require¬
way bonds which are due to be
ment as the proceeds of the bonds interest rate. ' Principal and inter¬
issued to pay off a like amount
must be available on said date to est payable at the City Treasurer's
of bonds which mature March i,
meet certain obligations. The ap¬ office.
The approving opinion of
1944.~
proving opinion of Ross, McCord, Chapman & Cutler, of Chicago,
be
Ice & Miller of Indianapolis, will will
furnished and : all
bids
Everett, Mass.
be furnished to the purchaser at must be so conditioned. Enclose a
Note Sale
The $500,000 notes.
the expense of the City. No con¬ certified
check
for
3%
of the offered for sale on Jam 26—v:
159,
bid, if
any.
will be
%
,
—
p.
389—were awarded to the Sec-'
National
ond
0.419%
Bank
discount.
of
Boston at
Dated
Jan.
26,"
Denominations $25,000, $10,- \
000 and $5,000. Due Nov. 10, 1944.
1944.
The next
chants
0.42%
were
highest bidder was merBank, Boston at
•.
National
discount.
•
Other
bidders
follows:
as
t
Bidder—
Middlesex
.
ofChicago
headed
tions
a
group
making
for 1.60s.
an
of local institu¬
offer of 100.1899
The National
City Bank
of New York and Associates also
bid
for
1.60s, naming
100.0874.
a
Several other bids
Increase
—
Revenue
The
bonds
were
Shows
general
fUhd increased $691,679
from November to a total of $73,revenue
the
as
Enclose
a
same
become
certified check for
1% of the par value of
the bonds,
payable to the City Treasurer.
'
'
Normal, III.
Bond
tion
Fund
State's
due.
price of
received for the issue.
General
said
Sale
with the
Details—In
connec¬
sale of the $35,000
bridge repair bonds to C. E. Bohlander & Co. of Bloomington, as
2s, at par, report of which ap¬
peared in v. 158, p. 2625, we learn
that the bonds are dated Oct. 1,
Large Debt Payments Made
during 1943, City Controller Otto
Adams
reported to
Mayor
Harry W. Baals on Jan. 13.
On
Jan.
1,
1944, civil city
Hv
bonded indebtedness totaled
$467,-
700; Water Works bonded indebt¬
edness was $1,320,000 and Sewage
National
Leavitt
E.
H.
Shawmut
Committee has reported that re¬
funding of $70,000 funding and
$135,000 road and bridge .bonds
has been completed. The county
is
now
these
i
current
on
debt service
obligations, it
was
on
said.
Kentucky (State "bf)
Governor Opposes Use 0f Road
Funds to Retire Toll Bridge Debt
—Governor
Simeon
Willis. de¬
■
President
*•
nounces
series
B
of
R.
the
j,
Dunham,
District,
an¬
that variously numbered
refunding bonds, dated
Sept. 1, 1935, due Sept. 1, 1955 and
optional March 1,1944, have been
called for redemption on the lat-
and
1941-
for
building the should be carried out without dis¬
Polo, III.
under
Sewage
Treatment
Works
are turbance
present
condi¬
Bond Sale Details—The $20,000 strictly revenue bonds which are tions."
The
Governor
recom¬
water revenue bonds sold to H. C. not
chargeable against the civil mended to the legislature the re¬
Speer & Sons Co., of Chicago, as city..
peal of the State income tax "at
The handicap imposed on the the earliest possible date that it
3V4S, at par—v. 159, p. 261—are
dated Dec, 1, 1943, in denomina- city
can be done without
by saddling it with responsi¬
impairment
tion of $i,000, and mature
$1,000 bility for the Water Works bonds of the services which must be ren¬
1938
—
.
Bank, Boston— 0.424
& Co
First National
0.428
r
0.43
Bank, Boston
•
v
0.435.
,
yS:'; Gloucester, Mass.
Sale — The $800,000 notes:
offered for sale on Jan. 18—v. 159,
■
Note
262—were
Refunding Completed — The
Kentucky Counties Bondholders'
<
National Bank,
Rollins & Sons
Cape
Ann
awarded
to
The
National
Bank, of
Gloucester, divided as follows:
$400,000 maturing Nov. 15, 1944,
at 0.395% discount, and $400,000
maturing Jam 17, 1945, at 0.405%
discount. Dated Jan. 18, 1944. The
next highest bidder was the Glou¬
cester National Bank, for $400;000, due Nov. 15, 1944 at 0.40%
and for $400,000 due Jan. 17, 1945
at
0.443%If/:.; ^;?;;;..
V
,
Call
Discount
County
0.42 $ v1
—
Principal and interest payments
totaling $367,639 toward the re¬
tirement of obligation and rev¬
enue bond issues of the civil city
and the City Utilities were made
296,988 at the close of business on
Dec. 31, according to William G. 1943, in the denom. of $1,000 and
Treatment Works bonded irtdebtStratton, State Treasurer. Of the mature Jan. 1, as follows: $2,000
^
^ clared in his address before the
in 1945, and $3,000 in 1946 to 1956. ness at $2,806,000. '
total figure, $45,000,000 is
segre¬
Mr. Adams explained that the State Legislature on Jam 10 that
gated into the geheral revenue Principal and interest (J-J) pay¬
Water Works bonds are charged He was opposed to the proposiinvestment fund.
Mr.
Stratton able at the Town Treasurer's of¬
Issued for the purpose of against the city, despite the. fact tion :calling for .the diversion Of
also reported that regular funds fice.
that they are paid off from re¬ road funds,:to. the payment of toll
of the treasury increased
$2,757,- bridge construction and improve¬
venues of the utility, owing to the bridge revenue bonds or
a'n^;pur929, with a balance of $145,278,085, ments within said town and all
way in
which Filtration, Plant poses, and .termed the proposal
"and trust funds decreased
$1,365,- property therein, is subject to the bond issues were issued an. 1931
"fundamentallyfallacious." ' The1
565 to a $402,711,057
balance, giv¬ levy of taxes to pay same with¬ and
1932 by a previous city. ad¬ tolL bridges* are safely, financed,
limitation
as
to
rate
or
ing a total of $547,989,142 in the out
he declared, adding that- the/"plan
ministration.
state treasury, an increase of
Legality approved by
$1,~ amount.
In
contrast, bonds issued in uhder which
they
Were
built
392,364 from last month.
Chapman & Cutler, of Chicago.
Bond
.
Dated Jan.
nominations
highest
has sub¬
mitted his bid in accordance with
389—were awarded to the Bev- :
erly National Bank at 0.364%,
p.
discount.
IOWA
the
who
March 1 at the office
of the City Treasurer."
not
shall
on
to yield from ! better specifying the lowest rate
i—
J.
vinl
0,75% to 1.50%, according to op¬ of interest. Principal and interest
tional maturity.
Associated with payable at the First National Bank
of Danville.
The bonds will be
Halsey, Stuart & Co., Inc., in the
delivered
with
the
approving
offering are Blair & Co,, Inc.;
Phelps, Fenn & Co.; Stone & Web¬ opinion of Chapman & Cutler, ditional bids or bids for less than bonds bid for.
ster
and Blodget, Inc.;
Central Esqs., of Chicago, and said opin¬ the par value of said bonds will
Harlan, Iowa
Republic Company; E. H. Rollins ion is to be paid for by the city. be considered.
The right is re¬
!
& Sons, Inc.; Hemphill, Noyes & Printed bonds to be supplied by
Bonds Voted—At an election on
served to reject any and all bids.
Jan. 20 the voters authorized an
Co.; Otis & Co., Inc.; 'First of the successful bidder, and all bids Said bonds are
being issued for
Said
Michigan Corporation; Eldredge & must be so conditioned.
the purpose of paying and satis¬ issue of $25,000 airport building
bonds.
Co., Inc.; Braun, Bosworth & Co.; bonds were authorized pursuant to
fying certain judgments taken
Stern Brothers & Co.; Mullaney, an ordinance adopted by the City
against the City for former police
Oelwein, Iowa
Ross & Company and Piper, Jaf- Council on Dec. 28, 1943, and are
issued for the purpose of paying officers, and will be the direct
Plan Election—A petition will
fray & Hopwood.
obligations of the City, payable be
and Satisfying judgments entered
presented to the City Council
Second high bid of 100.259 for
out
of
unlimited, ad valorem
calling for an election to submit
1.60s was made by a syndicate against the city in the Circuit taxes to be levied and collected
Court of Vermillion Co., 111. All
to the voters an issue of $60,000
headed by
the Chase National
on all of the taxable property in
taxable property within the city
municipal* airport
construction
Bank of New York City, and in¬
the
City.
Enclose
a
certified bonds.
is subject to the levy of a tax
cluding among others, Bankers
check for $750 payable to the
without limitation as to rate or
Trust Co., A. C. Allyn & CO., Inc.,
KENTUCKY
amount for the purpose of paying
and Goldman, Sach^ & Co.
The
the interest on- and principal of
Port Wayne, Ind.
Crittenden County (P. O. Marion),
Northern Trust Co.
the bonds at prices
tL,
will
con¬
City Treasurer. On both the Bar¬
ret Law Deficiency and Sanitary
by each bidder. Said bonds
in
of the indicated surplus
000.000 on July 1, 1944.
ficiency - appropriation
plated for the schools
nomination
named
,
"
the deficit could be cared for out'
Due $1,000
than
should have attached Dec. 1,
$3,310,000 Se¬
ries J refunding bonds of 1944 of¬
fered Jan. 25—v.
159, p. 261—
were awarded to a syndicate head¬
ed by
Dated Feb.
$92,000 in principal and $58,in interest were paid during
ated revenue for the coming bien-/
nium, but the Governor said that
offering on Feb Holders of road and bridge 5%r
7 of $560,795 Barrett Law Defi¬
bonds, dated Aug. 1,1922 and July
ciency bonds and $105,000 sani¬ 1, 1928, are advised that a hear-:
tary district bonds, Lawrence P. ing will be held at the office of
Parsons, Deputy Controller, re¬ the State Local Finance Officer,
ports as follows: "The Barrett in Frankfort, Ky., on Feb. 7, at
Law Deficiency Bonds are un¬ 10 a.m.
(CWT) to consider the pe¬
limited ad valorem tax obliga¬ tition of the
county for the aptions of the City, and payments
proval of the issuance of- bonds.
judgment funding
multiples
ented
Sale—The
Bond
bonds.
4%
is¬
called for a. biennial budget
of
$64,983,500, an increase of about$500,000 over the.^figure for the
previous two years! The total is
$3,585,000 greater than the estim¬
nection with the
—
Gladys Lan,
City Clerk-Treasurer, will receive
exceed
bond
Works
dered/by the government." : / -He'?
Indianapolis, Ind*
sealed bids until 2 p.m. on Feb. 1
for the purchase of $20,241 not
to
Water
Bond Offering Details—In
Offering
more
on
of Chicago.
III.
Park District,
Bond
the
194|.fy^
Ellwood, Ind.
'
made
municipality
the
905
Net income basis 1.069%.
including
be
sues
INDIANA
„
the
raises
bonds
maximum allowable.
of the rule."
.,
Works
total
of
bonded
indebtedness
charged against Fort Wayne to
$1,787,700, or over half of the
$80,300 deficit bonds will
offered
studies the problem of
one
Water
Bonds Offered for Sale—An is¬
be
said
Mr.,-: Adams
apparent,
financing post-war public works
projects. Inasmuch as the statu¬
tory limit for any city in issuing
bonds is 2% of its total property
evaluation,
the
$1,320,000
in
Winnebago County Non-High
School District (P. O.
Rockford), III.
v.:
Chicago Sanitary District, III.
Warrant Sale — The $4,900,000
application
the
District Treasurer's office
of
Monday, Januaryv31, 1944
*:
Holyoke, Mass.
V'.
■'
»
Note Offering-r-Lionel Bonvou-
pirV" City Treasurer,; will Receive
f(EWT) ;qri^
iealedrbids'-at: ll;/B.mi
Jan.-28 for the purchase of
$400,- i-
000 notes at discount.
vDated'Jan.:
28, l944.VvI)enominations .$25,000, •
$10,000 'and /$5,000. Due Nov. 15,
L/ Issued
;
in f!anticipation«! of
for the year 1944.. .Payat
the
National
Shawnut
revenue
able'
Bank of
ered/on
Boston, and will be delivor about Jan. 28, 1944, at.
said bank.
.
The notes will be
au¬
thenticated as to genuineness and
-
validity by the National Shawnut
Bank of, Boston, under-advice
ofv
Storey,
Thorndike,
Palmer
&'
Dodge, of . Boston. Only sealed or
telegraphic bids will be accepted. ■
Volume
159
Number
4251
V'
THE COMMERCIAL & FINANCIAL
CHRONICLE
1
'
'
-•
Note Sale
Melrose, Mass.
enue
The
—
anticipation
Jan.. 25
were
chants
•
National
michigan
$400,000
rev¬
Lake
offered
notes
Bond Call
awarded to the MerBank
Township
of
Boston,
'at 0.35% discount. Due variously
on Oct.
26, Nov. 9 and Dec. 18,
1944.
of
The
naming
next high
was
i Cormick,
will
urer,
,
Acting
'. until 10:30
a.m.
:
'
\
redemption
Tenders
M.
O'¬
Jan. 31
on
of
1935
financial matters submitted to the
city taxpayers by Harold J. Tuni-
$10,000 Series A certificates
•
•
certificates
Treasurer;
hope
-
officials
*?.>■
year ago it had been
of -Worcester financial
that
during
1943
:
v
our
bonded debt could be reduced by
$1,500,000.
With the closing of
the year it is a great satisfaction
'
We have issued
C bonds
D bonds
Each series should be
.
ate
tender
and
on a
separ¬
fully
Jan.
4
high point mentioned.
This is
payment date.
estimation, and is deserving of
special attention because I believe
'there is no city in the country of
delivered
my
called..
During the present year, as in
"1943, we shall probably borrow
very little for purposes that re¬
quire scarce materials and much
labor; so 1944 should see a further
'
•
reduction although it is probable
the reduction will not be as great
in 1943 because of the prob-
t*as
ability that
:
shalT issue
we
sub-
a
stantial amount of bonds for air¬
port purposes,
Another
f
r
is that
satisfaction
of
source
Tax Title Loans have
our
the
certificates
of
highway
"The
standing in
bonds
latter
and
for a period of 20
being refinanced at
"has
are
of
all
1
par.
Dated
Oct.
1, 1945.
been, paid off.
This means
money realized in, the redemption of tax titles and through
on
made
Oct. 1 before
Redemption will be
maturity.
stead of
properties, inbeing handed over to the
State to liquidate loans, can now
go toward increasing the Excess
■and
Deficiency Account,
from"
1, 1935. ' Due
Redeemable at par
April
any
the sale of tax title
•
Oct.
-
certificates
and
municipal
or
the
at
Detroit
Trust
Co.,
Detroit, the paying agent.
'
where
it
to reduce tax
'
used
be
can
requirements.
Bonds
issued to
pay
for the
Municipal Auditorium have now
all
been
paid off so that this
splendid
building and
its
site
which
clear
tle
cost
even
$2,244,000 is free and
though it is only a lit¬
10 years old;
over
•
'
'
During 1943 low money rates
for temporary borrowing in an¬
ticipation of revenue continued so
that
the
cost
total
the
to
city in
'
1943 has been only about
$16,000,
with between $200,000
and
$300,000
eleven or twelve
years
ago.
If we were today
obliged to pay as high a rate as we
compared
.
had
to
have
then
be
to
thousand
,
Our
for
that
has
further
rate
would
about
$1
purpose
rate
average
debt
tax
our
raised
on
per
alone.
bonded
our
declined
in
the
'
past year as we pay off high in¬
terest rate bonds.
In
1930 the
average interest rate we paid on
bonds issued was approximately
Now
4%.
for 1%,
we
could
In 1930
we
Royal
issue
bonds
bonds offered for sale
$154,000.
The
sents
than another dollar
are
saving
on
the tax rate.
we
The
present
all
average interest rate on
bonds
outstanding
is only
1.59%, and again I wish
phasize
lieve
this
condition
that, there
is
no
for
to
em¬
159, p. 389—were awarded to
syndicate composed of Kline,
Lynch & Co.; Nelson, Browning
&
Co., Einhorn & Co., all of Cin¬
cinnati, and L. T; Hood & Co., of
Detroit, paying a price of 100.075,
a
basis
of
about ; 3.0881%,
for
bonds bearing interest at 2%.% to
May 1, 1948, 3% thereafter to May
1, 1951, and 3M>% thereafter to
maturity.
&
First
of
'Michigan Corp., and As¬
sociates,
net?; interest
cost
of
3.097%; Miller, Kenower & Co.,
<
and
Associates,
interest
net
cost
of
3.1448%; and H. V. Sattley &
Co., and Associates, net interest
cost of
3.1661%.
:
•
{
,
.
Whitewater Township School Dist.
No.
of
kirk,
Secretary
tion? will
3
p.
m.
Feb.
on
term
bonds.
sued
under
the
tenders
7
The
of
until
refunding
bonds
were
is¬
date
of Feb. 1,
1934,
authority given by
Michigan Debt Commission
pursuant
in
Board of Educa¬
receive
its
to
order
amended
1934, rand
by
of
Dec.
order
were
4,
of
issued
1933,
Nov.
in
as
26,
the
issued
activities,
Lake
State
for
such
as
Hospital,
$360,000; university and teachers'
colleges, $1,035,400; State board of
relief, $887,384.38; old-age assist¬
ance, $1,095,000; public relief cer¬
tificates, issued several years ago,
totaling $8,350,000; emergency re¬
lief,
$3,500,000,
and
municipal
bonds, $228,423.05.
The
report showed that at the
close of business
there
was
a
on
Dec.
31, 1943,
cash balance
general
revenue
494.34.
The
fund
of
in the
$2,852,-
reduction of the in¬
debtedness from January, 1943, to
Jan. 1, 1944, was
$13,532,199.11
St. Louis
County Independent Sch.
12 (P. O. Ely), Minn.
Dist. No.
Certificates
Offered
B.
—
S.
been
increased
business
from
and
the
on
Jan. 28 for the purchase of
$150,000
certificates of indebtedness.
Denomination $25 or any multiple
thereof, said certificates to be is¬
sued
the
from
time
aggregate
to
time,
amount,
on
i
the
ing
with
June
the
30,
rate
cates
interest
1944,
of
interest.
cannot
par
thereon
to
on
be
and
the
sold
to
The
at
accrued
date
before
or
Bidders
of
state
certifi¬
price
a
interest
delivery.
Payable at the office of the Dis¬
trict Treasurer. The School Board
the
reserves
and
all
for all
bids
or
right to reject
and
any
any
to
accept bids
part of said aggre¬
gate amount.
beer
and
swollen
Mr. Stone reported
lections
of
curtailment
-
,
The
estimated
general
fund,
balance, expected to reach
$24,591,566 by June 30, the end
of this
biennium, is an amount
more
than sufficient, Mr. Stone
said; to pay the entire balance of
cash
bonded
debt
an
of
$17,570,000.
"ironclad" sinkT
ing fund law to set this
amount
aside from the general fund
balance.
cash
.j-
;.
Missouri
Mingo Drainage District, Stoddard
?and Wayne Counties, Mo.
Acquisition of Territory as Game
Refuge Recommended — It is re¬
ported by Bowman & Co., St.
Louis, that the United States De¬
partment of the Interior, Fish and
Wildlife
Service,
has
recom¬
mended
the
acquisition
of
more
than 22,000 acres of the above dis¬
trict's 33,000 acres as a game and
wildlife refuge. This will be one
of
the projects
Valley
which
in the Mississippi
have
been
under
for
several
years
and
Park, Minn.
may
involve condemnation
Offering — Joseph proceedings in the United States
Justad, Village Clerk, will receive Courts at St. Louis. The bonds of
Feb.
9,
at
110.75
No.
1
bonds.
$6,000 Feb. 1,
Non-optional.
1948
to
1950.
Interest
date
Block
10, at 108.14
1,000 Village of Elgin 4%%-
re¬
funding bonds. Dated Nov.
15, 1930. Due Nov. 15, 1950.
Optional Nov. 15, 1944. Interest date Nov.
■
15.' *
10,000 Village of Elgin 4Vg% re¬
funding bonds. Dated Nov.
15,
1930.
Due
Optional
Nov.
Nov.
15,
15, 1950.
1945
to
1949. Interest date Nov.
15.;.
4,000 Village of Elgin 4%%
funding
15,
bonds.
1930.
Dated
Due Nov. 15,
re¬
Nov.
1950.
Interest date Nov. 15.
»
4,000 Village of Elgin 3 ¥2% refunding bonds. Dated April
:1, 1936. Due April 1, 1944.
Non-optional.
Interest
date
■
Louis
on
1931.
Feb. 1 and Aug. 1.
armament
.
1,
Dixon Co. S. D.
(Ponca) 5% funding
are two phases of the
change which will cut revenues,
said.
July
Dated Feb. 1, 1925. Due $4,000
Feb.
1, 1944 to
1947, and
Com¬
contracts,
of
Dated
10,000
that in the
war
113.00
•
production
he
bonds.
Block
ductions in receipts are expected
in a number of tax
resources,
with the greatest decline antici¬
pated in sales and income taxes.
Renegotiation
at
$8,000 July 1, 1950 and 1951.
Non-optional.
Interest
date
July 1.
V'..-:,
:V.;/
the
have" amounted to $51,709,573, an increase of 64.3% over
the preceding two years.
;
He warned, however, that re¬
re-
Aug.
Due $2,000 July 1, 1944, $15,000 July 1, 1945 to 1949 and
A
.
P. M.
?
:
mission
and
8,
on
Certificate
sealed bids until 8
Block
Harbor, col¬
by the State Tax
Dated
25,000 Drainage District No. 5
(Dakota Co.) 5%% drainage
resulting
luxury
by
bonds.
est date Aug. 1.
;
came
tobacco.
Corp., of Omaha
Due Aug. 1, 1946.
Optional $3,000 Aug. 1, 1944
$3,000 Aug. 1, 1945. Inter-
by
two years since Pearl
consideration
St.
incomes
commodities,
reflected
sales tax yield.
within
as
needs require, and to be dated as
of the time of issuance and matur¬
funding
1, 1926.
considerable part, he added, also
is due to higher prices of essential
the
p.rm
a
revenues
war," and
He advocated
7:30
subdi¬
and
contributing factor
accumulation," he said,
the orgy of Federal
("sealed
until
•
two years.
preface to the report. V?
a
Richards, District Clerk, received
bids
State
Block 1, at 106.578
"chief
the
taxes
indebtedness
bonds
State
Moose
below
1, Mich.
Tenders Invited—Clarence Sel¬
be¬
Feb.
1,
1944.
were: Barcus, Kin¬
Co., and Associates, for
2^s to May 1, 1948, 3s thereafter
to May 1, 1951, and 3y2s there¬
after to maturity,-at a price of
100.018, net interest cost 3.0925%;,
siz¬
a
Dated
Other bidders
dred
I
bond interest rate.
Jan. 24
the
a
other
able city in the
country that has
lower average
on
—v.
paid $446,000
In 1943 we paid
difference repre¬
Township School Dis¬
(P. O. Berkley), Mich.
The $150,000 refunding Series I
for .bond interest.
more
Oak
trict No. 7
eventually
various
the next
and nearly
anticipated
from, direct and indirect taxes
'
that
than
influences of
re¬
These
Nebraska
offered
by the Board on
Jan. 10—v. 159, p. 262 —blocks
aggregating $744,245 were sold as
follpws:
spending incident to the war."
He pointed out that a large part
years
$15,513,590.92.
for
toward its
The State's actual indebtedness,
exclusive
of
the
bonds
cited
to
of
visions
.
The
markably low rate of interest."
amounts
biennium
more
Stone in
The
a
bonds
treasury balance" in making ap¬
propriations, was expressed by As¬
sistant
Budget Director A.
H.
the amount of $28,-
run
are
appropria¬
the
Funds, reports that of
$1,120,945
various tax-free
$9,500 City of Ainsworth 5%
current
seductive
out¬
they became due.
rec¬
Sec¬
Educational
of
Board
Awards
Bartling,
Lands and
Hope that the State Legislature
beguiled by the
being converted into rural credit
certificates
of indebtedness
as
as
were
Fund
H.
Bonds—Henry
will "refuse to be
000,000,", said Mr.: Schmahl, "are
rapidly
for
(State of)
Educational
retary
re¬
Invest¬
Wachob-Bendcr
revenue
bonds, making a total
bond indebtedness
of
credit
biennium
recommended
$500,000
indebtedness, $25,-
rural
$54,000,000
sold
was
Mortgage
Co., of Hastings.
the
report
$25,689,000.
,
some
bonds
the
to
tion figure is over $6,000,000 more
than estimated expenditures for
220,000 trunk highway bonds and
$469,000
trunk
highway
reim¬
bursement
of
1944-46
The
on
$141,-
Treasurer's
at
by the State Budget
Commission in its biennial report.
$90,-
as
For
ommended
A.
that the major portion
outstanding indebtedness is
$49,140,000 rural credit bonds and
be
Bond Call—Minnie N. Reeves,
City Treasurer, reports that all
City certificates of indebtedness,
Series A, outstanding, are called
for payment on April 1, 1944, at
listed
&
Nebraska
Surplus
Urged—Setting
least $17,570,000
of
Mississippi's present cash balance
of
about $25,000,000
for retire-
of the
Bank
Royal Oak, Mich.
;
State
,
'
indebtedness
was
Bowman
cently
ment of the State debt and appro¬
disclosed
1,
Nos. 1, 8, 51,
Julius
compared with
Jan. 1, 1939.
on
The
126, 134, 150
167, 177,; 180, 269, 270, 344, 363,
464, 477, 555, 560, 567, 593, 606, 680,
697, 722, 746; 752, 770, 841, 888,
971, 973, 975, 998, 1008, 1071, 1120,
1122, 1153, ,1164, 120J, 1254, 1281,
1298, 1315, 1317, 1395/1414, 1480,
1485, 1487, and 1718.-,
$
'
;
National
1944,
000,000
Detroit, for payment on March
1, 1944. ! Interest ceases on date
equal
can
the
to
1,
342,590.92
interest
any
State's
The
of
'
comparative size that
on
Bonds should
.
Treasurer
of
Part
of
priation
a
State
Jan.
$1,000.; Due March
i, 1964, callable
-
remarkable record, in
a
'
Dated March
in
Schmahl.
'
Denom.
by
'
became
disclosed
be obtained from
Company as to the
may
under
of
aside
1939,
1,
Stassen
/!
organized, but infor¬
Retirement
re¬
when Harold E,
Governor, was
general report on
State finances made public; Jan.
de¬
est, said bonds being selected for
redemption by lot by the National
1934.
Use
than $50,000,000
more
has yet been
mation
ment
in Minnesota's indebtedness since
•
Bank of Detroit.
of
duction
in
and interest
1, 1926, and a number
of judgments have been obtained
by bondholders in the past few
years. No bondholders' committee
Mississippi (State of)
Debt
Reduced—A
•
Pontine, Mich.
half years of .5,762,000, which is a
reduction of nearly 43% from the
Debt
Bonded
$3,000
mississippi
Minnesota (State of)
t
:
during 1943 and have, there¬ :r;" Bond Call— Oscar Eckman, Di¬
fore, been able to N reduce our rector of Finance, announces that
'bonded debt $1,962,000.
Yester-, 1934 refunding bonds Series B,
day our bonded debt was $7,713,- are called for payment on March
; 000.
On June 30, 1939, it was 1, 1944 at par and accrued inter¬
'
any
1
.
and
principal
auditorium
and all bids
and to accept bids for all or any
; ever
; $13,475,000.
- This
represents ;:a
'debt reduction in four and one-
a
part of said aggregate amount.
*
should
at
delivery. Pay¬
City Treasurer's office.
City Council reserves the
right' to reject
-
scribe the securities offered.
bonds what-
no
D certificates
B bonds
1,886 Series' E bonds
J 115 Series EE bonds
;.to be able to report to the citizenry of Worcester that our fond¬
est
expectations have been ex¬
ceeded in this respect.
'
.*" " \
V
Series
Series
Series
Series
2,000
16,655
1,211
10,629
The
sold
able at the
i
■
be
terest to the date of
The
5,000 Series C certificates
-
cannot
price below par and accrued in¬
"
the
'
to state the rate of interest.
1,
1
maturing on
Sept. 1, 1944.
Bidders
before
or
and
; lows from the year-end report on
'
:
aggregate amount, as the needs
require, and to be dated as at the
certificates of
1946
both '
on
since Nov.
general situation surrounding the
authority
of proposed Federal acquisition.
Chapter 382, Laws of Min¬
Webb City, Mo.
nesota, 1903. The purchaser
Bond Sale Details—The $50,000
will be furnished with the
judgment funding bonds sold to
approving opinion of Dorsey,
Edward
D.
Jones
&
Co., and
Colman, Barker, Scott & Bar- Whitaker &
Co., both of St. Louis
i'ber. of Minneapolis. The Vil¬
were sold at par, are dated Dec. 1,
lage will also pay the cost
1943, and mature Feb. 1, as fol¬
/'v*': of
printing.
.y
lows:
$6,000 in 1945, $9,000 in
1,500 certificates of indebtedness.
1946, $10,000 in 1947 to 1949, and
Denomination $500. Due $500.
$5,000 in 1950.
Feb. 15, 1946 to 1948 Issued
pursuant to Chapter 65, Laws
nebraska
of Minn., 1919, as amended.
Campbell, Neb.
Each isue will be dated Feb.
.15,
Bonds Sold—An issue of $6,500
1944.
time of issuance and
indebtedness, dated May 1, 1937,
and
issued
multiple
Invited—John
,
1947. Said orders will be general obligations of the Village
•
Said certificates to be is¬
sued from time to
time, within the
refunding bonds dated Nov.
1935, the amounts on hand in
the various sinking funds being
as follows:.-
a
A. O.
—
tificates of indebtedness. Denomi¬
nations of $25.00 or any
on
Connor, City Clerk, will receive
sealed tenders until 8 p.m. (EWT)
/•;. Financial Condition Found Ex¬
cellent—We quote in part as fol-
son,. City
-About
g
sealed bids until 7.30 p.m. on Feb.
1 for the purchase pi
$100,000 cer¬
,
,
n
Knutson, City Clerk, will receive
jpresent
Interest ceases
i
e r
follows:
as
Denoms. $1,000 and $750. Due
Feb. 15 as follows: $2,750 in
thereof.
Worcester, Mass.
;
:;
Ely, Minn.
Certificate O f f
date called.
t
^
certificates,
$8,500 street improvement orders.
1945
Feb. 1 for the :.!fLincoln Park, Mich.
on
for the purchase of $10,000 not
interest orders and
Dated
should
troit,{Detroit.
Treassealed
bids
7
to exceed 4%
minnesota
date at the National Bank of De¬
{purchase at discount of $750,000
notes, dated Feb. 4, 1944 and due
Nov. 6, 1944.
Holders
bonds
available for that purpose.
Due
1948.
County
receive
inclusive.
48
to
bonds for payment on
James G. Mc-
—
the
15, 1941. Denomination $1,$1,000 Feb. 15, 1947 and
000.
Cambridge), Mass.
Note Offering
37
Feb.
bidder,
Middlesex County (P. O. East
:
Sheldon,
announces
15, 1944,
$12,000 2Vz% refunding bonds,
Nos.
rate of 0.383%.
a
B.
$36,500. ; The
the lowest price will
be accepted and purchased
by the
District up to the amount of funds
call for payment on Feb.
of
Second National Bank
Boston
John
—
Clerk,
of
amount
tendered at
Township, Mich.
the
district have been in default
,
April 1 and Oct. 1.
\
6,000 Village of Elgin 4% re¬
funding bonds. Dated April
;
1, 1938. Due April 1, 1947
and
1948.
1947.
Optional
Interest
and Oct.
date
April 1,
April 1
1.
2,000 Village of Elgin 4% re¬
funding bonds. Dated April!,
1938. Due April 1, 1949. Op¬
tional April 1, 1947. Interest
date April 1 and Oct. 1.
Block
13, at 118.57
14,000 Furnas Co. S. D. 103 fHoI->
brook) 41/2% building bonds.
Dated
Jan. 1,
1, as follows:
$1,000 in 1953,
$3,000 in 1955,
1928. Due Jan.
and
1957.'
$2,000 in
tional.
$2,000 in 1952,
$4,000 in 1954.
$2,000 in 1956
Interest
Non-op¬
date
Jan.
1
and July 1.
Block 41, at 100.508
29,500 Custer Co. S. D. No. 169
(Mason City) 3% refunding
bonds.
Dated
Dec.
1, 1939.
Due $1,000 Dec. 1, 1944, $14,000 Dec. 1, 1945 to
1958, and
$14,500 Dec. 1, 1959. Optional
THE COMMERCIAL & FINANCIAL CHRONICLE
492
8,000 Scotts Bluff Co. S. D. 31
(Mitchell) - 4%%
refunding
bonds. Dated Aug,
1,- 1925;
106.00
Block 44, at
'
Shubert 3%%
refunding bonds. Dated June
1, 1935. Due $4,000 June 1,
10,000 Village /of
-
Due
1950. Non-optional.
June
1 and
1, 1948 to
'
Dec. 1.
at 100.89
Block 45,
28,000 Burt Co. S. D. 7 (Decatur)
33/4% building bonds. Dated
Jan. 1, 1936. Due $22,000 Jan.
'
1,
optional. Interest date Jan.
1.
Kirkpatrick-Pcttis Co., of Omaha
117.50
2, at
Block
$20,000 Brown Co. S. D. 10
worth)
5^% school
(Ains-
Block
5,
Feb. 1,
110.68
at
Due
Nov.
1947.
1,
Non-op¬
Due Oct. 1,
al.
Interest
~
15, at 110.00
Hitchcock Co. S. D. 1
(Culbertson)
4y2%
school
1,
April
Dated
1925.
$5,000 April 1, 1945 and
$5,000 April 1, 1950. Non-op¬
tional. Interest date April 1
Due
and Oct. 1.
/V
Block
/
1, 1931, Due June 1, 1951.
Optional $2,000 June 1, 1948;
$3,000 June 1, 1949 and $4,000
June
1, 1950. Interest date
,
;
June 1.
Block
bonds.
the
-
for
planning post-war jobs.
The committee announced it had
received
that the State
Highway Department is planning
an extensive program for post-warconstruction.
It is expected that
plans and specifications for proj¬
ects estimated to cost $5,000,000
will be ready by the middle of
1944, and that the total program,
which is for a period of years,
will be larger.
::
S.
a
been
reported
State
report
The
proposed
vides for the
demn
ings
Refunding
—
re-development com¬
Under the bill, taxes on
the premises would remain static
a
pany.
for 25 years.
"That means,"
Mr. Sloane
plained, "if the present taxes
ex¬
on a
slum block aggregate
$15,000, the
municipality would guarantee the
would
taxes
for the
less of
ments
remain
that
at
rate
ensuing 25 years, regard¬
how valuable the improve¬
might be.
•
/
.;v
.
,
.
"This, is necessary so. investors,
whether they be financial institu¬
or
vantage
individuals,
can
know
No unfair ad¬
be taken because the
can
provides that only
return of 6%.
The $135,000 debt rei
pro¬
con¬
land and build¬
permits it to sell the
to
measure
Program
.
municipality to
where they stand.
Bergendeld, N. J.
Debt
•<
legislation
necessary
and
same,
tions
NEW JERSEY
,
major barrier in re-devel¬
a
opment projects.-;
developer."
net
a
be earned by the
can
V
,
"
Municipalities Not Empowered
genfield Council adopted Jan. 25
A
after a public hearing will accom- To Negotiate With Unions
plish an objective stated in Fi¬ ruling handed down Jan. 13 by
State Attorney-General David T»
nance Chairman Oscar E. Ander¬
—
86
D.
4% %
school
Dated Feb. 1, 1925.
$5,000
Feb.
1,
1947,
son's
yearly
for
report
1943:
Wilentz held that the State, coun¬
to
1,
1955.
Non-optional.
ties, municipalities and other po¬
through 1948 and provide for litical subdivisions such as school
districts have no right to deal
payment of part of this debt in
date
Feb./
future years.
Feb.
1
and
cut
heavy
bond
maturities
from
1944
*
„■
with
-
collective
projected issue provides for
payment of $25,000 bonds in 1944;
Continental National Bank
'"///// of Lincoln ■/'•>':: $28,000 in 1945; $29,000 in 1946;
$17,000 in 1947; $22,000 in 1948;
Block 25, at 101.75
and $14,000 in 1949.
V •
$20,000 Pierce Co. S. D. 5 (PlainApproval of the State Refund¬
view)
3% refunding bonds.
ing Commission to sell bonds and
Dated
Sept.
1,
1939.
Due set aside
reciepts to help the Bor¬
$1,000 Sept. 1, 1944, $1,000
ough meet a heavy debt service
Sept. 1, 1947, $1,000 Sept. 1,
item, which in the next 6 years
1948,
$2,000
Sept.
1,
1949, runs upwards of
$110,000 yearly,
$2,000 Sept. 1,1950, $5,000 was received,
.•
/
Sept. 1, 1951, $5,000 Sept. 1,
The first of the refunding bonds
1952 and $3,000 Sept. 1, 1953.
will be due Feb. 1, 1950, when
V
Optional,
last
$19,000
re$14,000 will mature in 1951 the
1944. Interest
1,
date
Sept.
March
v~l and Sept.. I.
John
•
M.
Douglas, of
Omaha
street
bers
and
ica.
;
or
■
'
•
department, who are mem¬
the CIO's State, County
of
Municipal Workers of Amer¬
Mr.
v
Cole
requested the
At¬
opinion
after
counsel,
Paul
Brunswick's
Ewing, had contended the work¬
had no right to bargain col¬
lectively...'.; r '■ ■'yv-/ ••• ■
Ruling that in the t absence of
a specific law
providing for col¬
lective bargaining there can be no
recognition of any collective bar¬
gaining agreement,. Mr. Wilentz
said, the fact there is no legal
prohibition against bargaining by
ers
•
is immaterial.
the unions
,
.
rep-"
torney-General's
;
.
This is what Anderson said was
27, at 106.60
8,000 Village of Laurel 4 V2% re- $11,000 Village of Battle Creek
$25,000,.Village of Prague 4% re¬ necessary if ,the tax rate was to be
4 /wiunding bonds. Dated Nov,
1,
3V2% refunding bonds. Dated
funding bonds. Dated Nov. 1, kept stable. It postpones payment
;, 1930. Due $5,000 Nov. 1, 1950
Jan. 1, 1940. Due Jan. 1, 1947
1938. Due Nov. 1, 1958. Op¬ of part of the debt so that retire¬
and $3,000 Nov. 1, 1950. Op¬
to 1957. Optional Jan. 1, 1945.
tional $10,OOP Nov. 1, 1943 to ment of bonds is leveled off.
tional Nov. 1, 1945 to 1949.
Interest date Nov. 1.
v
The
: ;
proposed ordinance pro¬
Interest date April 1.
1947, and $15,000 Nov. 1, 1948.
Robert E. Schweser Co.', of Omaha
vides
that
the
money
received
V Interest
date
May
1
and
10,000 Village of Laurel 4%%
from sale of the refunding bonds
Nov.' 1;*/
Block 14, at 105.09
i
refunding bonds. Dated April
may be invested in United States
National Co. of Omaha
1, 1929. Due $6,000 April 1, $52,000 City of Harvard 3y2% re¬
Government securities, where it
funding bonds. Dated March
1949 and $4,000 April 1, 1949.
Block 43, at 112.058
will earn interest, until the year
1, 1940. Due $33,000 March
Optional April
1,
1944 to
$17,000 Logan Co. 4% high school when it is to be used to retire
-^:;r 1, 1944 to 1954, $6,000 March
1949. Interest date April 1.
funding bonds. Dated Nov. 1, local government bonds. It also
1, 1955 and $13,000 March 1,
Block 21, at 94.28
1935. Due $7,000 Nov. 1, 1944 provides that prior to May 1 the
1955. Optional $6,000, $1,000
35,000 Maxwell Precinct (Lin¬ \
;> to 1950, and $10,000 Nov. 1, money obtained
from the
sale
.each year, March 1, 1944 to
coln Co.)
5% bridge bonds.
1951
to
1955, Non-optional. may be used to retire bonds of
1949, and $13,000 March 1,
Dated Jan. 1, 1929. Due $10,Interest date Nov. 1.
'/■. /'/; the years specified if the owners
1950. Interest date March 1
000 Jan.
1, 1944 and 1945,
of these
securities
will
sell at
Block 46, at 112.00
and Sept. 1.
/;'v."'' ';-"
$12,000 Jan. 1, 1946 and 1947,
5,000 Garfield Co. S. D. 15 (Bur- par value plus interest of 2V2%
; Block 17, at 105.00
$7,000 Jan. 1, 1948 and $6,000
or less.■
well) 3V4% building bonds
>'■/■///..",
;/:,'X
Jan.
1,. 1949.
Non-optional
22,000 Kearney Co. S. D.
57
Dated
Dec.
other;
any
agency
New
Borough will pay
off
$20,000
worth; in 1952, $22,000; 1953, $24000;
1954,
$26,000; - and
1955,
$29,000.
Block
union
bargaining
resenting government employees.
The opinion* was given to David
L. Cole, chairman of the State
Board of Mediation, which had
been mediating a dispute between
the City of New Brunswick and*
48 employees of the municipality's
.
,:;, deemable any time after
trade
a
,
The
/./Aug. 1.
;
4, at 101.818
of
plans for post-war pro¬
jects were being made, the com¬
mittee expressed belief that the
showing will soon be more im¬
pressive, after town meetings are
held in March, and after the pub¬
lic more fully appreciates the need
no
of property to be
Heretofore this has
re-developed.
Interest
L, B. Dufphey, of Battle Creek
Block 20, at 111.111
County
/ $6,000 Feb. 1, 1953 and $3,000
j
(Bridge41/2% building bonds.
Dated May 1,1927. Due $3,000
May 1, 1951, $4,000- May 1,
1955 and $13,000 May 1, 1957.
Non-optional.
Interest
date
May 1 and Nov. 1. .;//•/;• ;
•
'
that
com¬
funding program which the Ber-
.
19, at 117.50
Knox
Due
and
10
39, at 124.50
School District
Nebraska
(Bloomfield)
.
//
port)
y
■
County
$14,000
20,000 Morrill S. D. 63
0,000 Keya Paha Co. 4%% re¬
funding bonds. Dated June
>
Jan.
1.
No. 86,
•
Block
103.333
Block 18, at
date
1.
date
terest
July 10.
munities
condemnation
)
■
..
Adopted
Knox
10,000 City of Wayne 4V2% reVV funding bonds. Dated April 1,
1928.
Due
$10,000 July 19,
1945.
Optional any interest
date after July 1, 1944.
In¬
10,000
bonds.
/'-Nov.
33, at 72.166
Oct.
and
vV
at 106.50
1, 1956. Optional Nov, 1, 1946.
Interest
date
May
1
and
'
1
1
City of Newman Grove
4% park improvement bonds.
Dated Dec. 1, 1936. Due Nov.
April 1, 1944,
1, 1945, $1,000
April 1, 1946 and $1,000 April
1, 1947. Interest date April
*
June
10,000
$1,000
$1,000 April
1939.
date
;
Block 47,
date:
1949. Non-option¬
date April 1 and
Oct. 1.
Block
1,
Oct.
Dated
bonds.
5% park
Interest
and Dec. 1.
;
1, 1928. Due $5,000 April 1,
1948. Optional any interest
,
10,000 City of Chappell
1950:
5,000 City of Wayne 4V2% re¬
funding bonds. Dated April
date Nov. 1.
Interest
1952 to 1958, and $3,500
Dec. 1, 1959. Optional $14,000,
$2,000 each year, Dec. 1, 1943
to
1949, and $3,500 Dec. 1,
/:V.
1, 1949. Interest
and Aug. 1.
Block
12,000 City of Chappell 5% sewer
bonds.
Dated Nov. 1, 1927.
tional.
Aug.
1.
Jan. 1 and July
Dec. 1, 1939. Due $14,000 Pec.
.
•
and
,1,
15,000 City of TekamahSVa'% refunding bonds. Dated Aug. 1,
;
1939. Due Aug. 1, 1959. Op¬
tional any interest date after
Interestdate
Non-optional.
V
Block 31, at 110.666
bonds.
Dated Jan. 1, 1922. Due $6,000
Jan.
1, 1946, $7,000 Jan. 1,
1949 and $7,000 Jan. 1, 1951.
;
and .Nov.. 15.
0
1
■,
stage of anticipation.
While- a majority of the
,
$7,000 May
15, 1945,
$2,000 May 15, 1947, $7,000
May 15, 1951, $3,000 May 15,
1953, $2,000 May
15, 1954,
$2,000
May
15,
1955, and
$8,000 May 15, 1956. Non.-optional. Interest date May 15
to 1954, and $6,000
1955 and 1956. Non-
1944
1,
Jan.'
March
17,500 Holt Co, S. D. 29 (Ewing)
33/4%
school
bonds.
Dated
Due
-
date
\ Block 42, at 106.285
31,000 Scotts Bluff Co. S. D. 31
(Mitchell)
41/2%
building
bonds. Dated May 15, 1926.
v
■
Interest
Sept. 1.'
and Aug. 1.
date
Interest
1944 and
$4,000 Aug. 1,
$4,000 Aug. 1, 1945. Non-Op¬
tional. Interest ' date Feb.
1,
•
and $6,000 June
1944 to 1947
■;
113.07
Block 29, at
Dec. 1.
20,000 Blaine County 3% fund¬
ing bonds.
Dated
Sept.
1,
1939. Due $6,000 Sept. 1, 1944
to 1949, $9,000 Sept. 1, 1950
to
1958, and $5,000 Sept. 1,
1959. Optional $9,000 Sept. I,
1949 and $5,000 Sept. 1, 1949.
Interest
April 1 and Oct. 1.
date
500 Dec.
Non-optional.
1953.
-
$14,000 Dec, 1, 1944 and $14,1, 1944. Interest date
"
Monday, January 31, 1944
"It
the
is
not
law
question
a
prohibits
: '
•
whether
a
bargaining
agreement of the kind
we are con-
.
,
"
sidering,"
he
said.
question is: Ts there
izes, either by express words or
by necessary implication, such a
.
bargaining agreement?'
"If
then
1,
1935.
Due
$4,000 Dec. 1, 1952 and $1,000
Dec.
1, 1953. Non-optional.
.
date
Interest
Jan.
1
and
(A'xtell)
July 1.
'bonds.
Block 23, at 101.92
24,745
-
1952.
Dated
Non-optional.
date Feb.
1 and
$2,000 each
to
Interest
,1949. Interest date Nov. 15,
Block
^
Block 28, at 119.196
18,000 Scotts Bluff Co. S. D. 1
(Lyman) 5% building bonds.
Dated May 1, 1925. Due $1,000
.
May 1, 1955, $12,000 May 1,
1955 and
1955.
Optional
$15,000
$5,000
Majr 1,
1954.
1953,
Interest
date May 1 and Nov. 1.
10,000
Scotts
(Lyman)
bonds.
Bluff
Co.
43/4%
Dated
D.
1
building
April
Due $5,000 April
S.
1,
1929.
1, 1952 and
date
March
1
and
Interest
date
Dec. t
V ;
June
1
and
/•
Sarpy County School District No.
(P. O. Bellevue), Neb.
Bonds Voted—At
Jan.
18
issue
election
the voters authorized
of
$15,000
bonds. ;/.
26, at 108.38
an
1
on
an
construction
:,./.
NEW HAMPSHIRE
City of Randolph 3V4%
refunding bonds. Dated Sept. Hillsborough County (P. O. Man¬
1,
1940.
1950
1957
.
Due
to
$6,000
Sept.
1955,
$6,000 Sept. 1,
$28,000 Sept.
1,
1960.
Non-optional.
to
date
March
1
chester), N. H.
1,
and
Interest
and
Sept. 1.
11,000 City
Notes
000
Sold—An
tax notes
0.374%
f.
-
issue of $400,-
Municipalities
—
At
Start
least
Post-War
the
Block
32, at
1.
95.29
the
State
Council
of
Post-War
Planning and Rehabilitation.
The cities
of Concord, Keene
17,000 Village of Trenton 4V2%
funding bonds. Dated March and Rochester have each set up a
1, 1931. Due $17,000 March capital budget program to provide
future
construction
needs.
1, 1951. Optional $2,000 March for
1.
1942
and
$10,000 March 1,
1947. Interest date Mafch 1.
Block 37, at
102.50
Other
cities
consideration
many
and
towns
of various
of which
are
18
Scheduled
months
will
last of Linden's term
see
—
the
bonds
paid,
the
Sinking Fund
Commission
disclosed recently in submitting
its annual report to City Council.
The
face
value
of
outstanding
bonds is $88,000, which will be
raised through $78,911 in the com¬
reported
projects,
still in an early
is
no
\
warrant,
,
such
of
the
counties
palities-have
in
engage
:;^r.;r/:'
not
and
the
munici¬
to
such undertaking."
any
power
Woodbury, N. /.
Community
Advocated
Center
Bond Issue
Henry W. Peterson,
president
of
Woodbury's
city
council, believes that a bond issue
to defray the costs of the Com¬
—
munity Center War Memorial is
proposed by the Citizens Commit¬
tee, can be paid off without in¬
creasing the tax rate, one cent.
i
mission's hands plus normal in¬
In support of this contention, he
crements earned before July,
1945, has presented to; council and the
citizens committee a series of fi¬
according to the report.
Actually the commission has nancial, tables.
..
,
$98,562 on hand, $45,000 of it in
Bonds, with an estimated
surplus of $20,000 to revert to the
city next year. Under the law all
city bonds are issued in serial
maturing
in
consecutive
funds with which to
and
years,
redeem them
city
are
handled by the
New
Slum
Clearance
Bill
cent
Recom¬
nearly a
studying the problem, the
New Jersey Committee on Urban
year
Rehabilitation recommended Jan¬
tate
15
a
1944
as
would
Jersey (State of)
mended—After spending
uary
showing
a $135,000 bond issue,
Peterson says it "could be paid off
without increasing, the tax. rate
one cent, assuming, a $15,000 down
payment from cash on hand and
using debt service requirements of
Referring
maturity of
bill designed to facili¬
elimination of
slum
areas
in
New
Jersey through the use of
private funds, patterned after a
similar New York
State
be
on
would
to
a
table
the base year.
shows (that
treasurer.:
initial
steps in planning post-war public
1, 1945, $2,000 Nov. 1, 1946,
works projects have been taken by
$2,000 Nov. 1, 1947, $2,000
about
60
of
New
Hampshire's
Nov. 1, 1948 and $2,000 Nov.
cities and towns; it was found by
1, 1949. Optional $2,000 any
a
preliminary survey conducted
time after Nov. 1, 1948.
In¬
for the public works committee of
terest
date Nov.
Retirement
Another
form,
-
Hampshire (State of)
Planning
v/; Linden, N. J.
Bond
War
sold Jam 10, at
Due Dec.
12,
was
discount.
1944.
New
of Randolph 3%%
auditorium
bonds.
Dated
Nov. 1, 1938. Due
$3,000 Nov.
1947,
$5,000 May 1,
$1,000 May 1,
May" 1 1948 to
Sept. 1, 1943
Sept 1.
1956,
1928. Due $8,000 Oct. 1, 1948
and $38,000 Oct. 1, 1948. Op¬
tional Oct.
1, 1943. Interest
year,
and
Block
,
46,000 Village of Oshkosh 5%
funding bonds. Dated Oct. 1,
1938.
1953,
40,000
24, at 111.63
date Oct. 1.
1948,
Interest
Aug. 1.
8,000 Village of Morrill 4V2% re¬
funding bonds. Dated Nov. 15.
1930. Due $7,000 Nov. 15, 1950
and $1,000 Nov. 15, 1950. Op¬
tional $7,000 Nov. 15, 1943 to
1,
1,
$6,000, $3,000
each
year, Sept.
1, 1949 to
1950, and $4,000 Sept. 1, 1951.
-
v
Sept.
$12,000 Sept.
$6,000 Sept. 1, 1953 and $4,000
Sept. 1, 1953. Optional $12,000,
of
bonds.
Dated
building
Due
Morrill 51/4%
Aug. 1,
1932. Due $6,000 Aug. 1, 1944
to 1946, $15,000 Aug. 1, 1947
to 1951, and $3,745 Aug. 1,
Village
sewer
'
7
3 V2 %
ies
there
certainly the governing bod¬
,
,
books
statute
our
"The
real
any law on
which author¬
•
the
$694,
This .table
for
cost
or
1945
less than
one
the tax rate and that there
substantial
be
amounts
saved In the following years from
other
capital improvements.
Woodbury for 1944, will have
$557,602.40 in general and school
bonds; $107,500 in water bonds
and
$140,000 in
standing,
statute.
sewer
bonds out¬
NEW YORK
John E.
Sloane, who heads the
committee, explained that an out¬
standing point in the proposed
measure
is a
provision for the
New
Site
War
to
York
be
City, N.
Acquired
Project—The
Y.
for
petition
Post-
filed
I
yolume 159
THE COMMERCIAL & FINANCIAL CHRONICLE,
Number 4251
by the New York City Housing
Authority to have the city. con¬
result
in
directly proportionate
a
the; site
Houses
of Lillian Wald
approved
by
the
on Jan. 7, Ed-
was
Board of Estimate
evidence
idea.
,
*
will house
1,816 families, is a part
York City Housing
Authority's post-war housing pro¬
gram.
Approximately 27% of the
area for- the Lillian Wald
project
has been acquired by private pur¬
chase, Mr. Butler said, and is bet¬
ing operated for the duration of
the war by James Felt & Co., Inc.
of
the
New
other
"In
words ;
State
five
aid
localities
to
mulplied
same localities
than doubled the real estate
times,
more
taxes
those
The property to .be acquired by
condemnationproceedings
will also be placed under the
management.'
same-
Tenants will
con¬
tinue to occupy the property, with
the exception of buildings not fit
people."
Help Sought for Local
Finances—Apropos of the above
statements, the Governor had sub¬
.
mitted
York's
actual site is needed for post-war
ary
construction.
Architects engaged for the proj¬
Frederick
ect,
L. Ackerman
Lafayette A. Goldstone,
at
work
tions.
are
now
plans, and specifica¬
on
Lillian
Wald
the 17
on
Avenue
Houses
will
be
bounded
acres
by
D, the East River Drive,
East 6th Street and East Houston
Street, and when completed will
cost
approximately $12,000,000.
New York
City Housing Authority,
-
Note
will
N. y.
Offering
receive
p. m. on
The Authority
—
sealed
bids
until
2
Feb. 1 for the purchase of
$6,625,000 notes
$1,000,000
1,000,000
1,000,000
J 625,000
;.f 500,000
500,000
: • ' 500,000
follows:-; y ;
as
:
First Series y.ijV
Second Series'- ;T': >.?
Third Series - v">'' •'-<-M-;
Fourth Series *'• 7
"
Fifth Series.
Sixth Series \
iSeventh Series : ^ A . - ;,
.
*
-
;#:500,000 Eighth Series
r500,000. Ninth' Series ^
500,000 Tenth Series
.
Dated
'
11, 1944. Due, Aug.
Bids will be received- at
office
East 42nd
of
,the::Authority,;: 122
St., New. York City.
,;J-»
I
New York (State of) J
C Governor Deems Bond Refund.
y
ings*Unsound Practiee—Governor
plan
a
cities
62
through tempor¬
aid totaling approxi¬
mately $18,500,000.'
cities
The
revenue
public
fiscal
next
all
receive
would
mortgage recording
utility taxes during
under
year,
of
and
the
recom¬
a
Committee
the
on
Municipal Finance, 1 headed
by
State Comptroller Frank C. Moore.
At the same time, the commit¬
tee urged that existing
restric¬
tions
on
taxing and borrowing
powers of municipalities be re¬
tained,
It did, however, recom¬
mend special city taxes previous¬
ly approved be continued for an¬
ther year.
The
proposed temporary assist¬
necessary, Moore said in
report, "to prevent further
is
ance
the
taxation
excessive
and
of
homes of
the
real
our
estate
State
purchase rights-of-way
new State highways, and
that the State pay for construc¬
tion of any new arterial highways
for the
within the cities.
the
'
^
financial
assistance
plan, cities would divide, accord¬
ing to population, an estimated
of
$17,500,000 from taxes
on gross receipts of public utili¬
ties. In addition, each city would
revenue
retain
the
all
it
taxes
collects
from
recording tax in¬
giving half to the State.
York city would receive
mortgage
stead
of
Dewey stated in a -recent address K' New
the financial plight; of some
approximately $12,716,000 for its
of New York's cities "cannot be
share of the utility taxes, accord¬
cured by an -injection of State
ing to the Comptroller's office;
funds." - He added:v.
yyy. v
$100,000,000 State Bonus Asked
:
"In the overwhelming majority
for
Service Men, Women — A
that
cases,
our
local
communities
in sound financial conditions,
are
"Where trouble exists,, it lies
principally in the cities and a
minority of them," he said.
y
"Yet
there
still
are
who
some
believe that the State should im¬
larger
pose
revenues
taxes
on
and
its
pass
to / municipalities,
generally burdening all of the
people of the State to help out the
few," Dewey continued.
.
The
Governor
continuous
said
refunding of bonded indebtedness
constituted
"the
fiscal
sound
worst"
of
"un¬
which
policies"
he
said have been partly responsible
for financial difficulties of cities.
"A
municipality will put out a
bond issue for a project in which
the people are interested.
Then
years later, instead of paying off
that bond issue, it will issue new
bonds
debt
refund
to
the
debt.
Thus
plies upon debt."
Comptroller
Frank
State
.
Moore
duced
has,, in the past
year,
the
issue
bond
a $100,000,000
provide a State
to
bonus for the 1,000,000 New York
men
and women; in the
armed
forces
introduced recently by
was
Eugene F.
gan, Brooklyn Democrat.
Banni-
Assemblyman
:
.
Bannigan's
tional
proposed constitu¬
parallels one
after the first World
amendment
approved
War,
when
the
State granted a
fighting men
totaling $49,000,000, including ad¬
bonus to New York
ministrative costs. The bonus aplications numbered 427,799.
Bannigan took the action al¬
though Governor Dewey,, in his
annual message to
submitted
proposal to extend
unemployment insur¬
a
maximum
benefits to all
ance
who
erans
the
were
law at
listment
returning vet¬
not protected by
the time of
or
induction.
declared he felt this
like
a
New
their
en¬
too much
Counsel
the other bids received Were:
for
was
than
more
in
been
a
staff
twenty
She has
Nutley, N. J.
member of the Authority's
years
since
1918
and
became
As¬
Secretary,
a
Plainfield,
N. J., Mr. Carty is State Legisla¬
tive Chairman of the New 'Jersey
Department
Legion
and
of
Teachers
Retire¬
number of
.
the
temporary relief is
that
permanent
no
solution."
"The
its
idea
that the State, with
comparatively
should
or
tiny
budget,
could bail out the muni¬
cipalities, with their gigantic bud¬
gets,
simply
melts
away
upon
analysis," he added.
- 1
"It is sometimes suggested that
increased
.
financial. aid ~by
State of the
Co., New York, at a price of 121.815, a basis of about 1.124%, as
reported in v. 159, p. 390, mature
on April
1, as follows: $395,000 in
1954; $365,000, 1955; $440,000, in
1956 and 1957; $312,000 in 1958
and $280,000 in 1959.
the
municipalities would
Port
of
Election
sioners
Howard
New
of
Frank
S.
York
Authority
Officers—Commis¬
C.
Ferguson
Cullman
were
and
unani¬
Int.
Rate
•',
Bid
0.80
100.072
0.80
100.002
0.90
York
Bankers Trust Co., New York
!. and Estabrook & Co.„^_>to
100.136
0.80
National City Bank, New. York
Chase
National
Bank,
New
100.309
Newberger, Loeb
Co.
*
&
New
Executive
York
Co.,
St.
100.078
0.90
and
Commerce
100.079
100.06
and Eastman,
&
Trust
He has been
ty.
Port
rhember
a
NORTH
of the
Authority staff since 1927.
'
1944
is
Chairman
twentieth
Ferguson's
of
year
service
on
the Port
Authority Commission to
which he was originally appointed
in 1924.
is
Vice-Chairman Cullman
New
York
dean
of
the
com¬
mission, of which he has been
member
is
son
since
1927.
President
Mr.
of
a
Fergu¬
the
Hudson
County
National
Bank ^ of
Jersey City. Mr. Cullman is VicePresident of the firm of Cullman
Bros., and President of Beekman
Hospital in New York City.
Possible Opinions in Bond Case
Outlined—
;-,V
/.'
y/v/4';
generally believed that the
United
States
Tax
Court
will
shortly issue a decision in the
case involving the Federal income
tax liability of holders of bonds
the Port of New York Authority.
In this connection, the municipal
bond firm of Lyons & Shafto, Inc.,
New York City and Boston, has
prepared an interesting discussion
of the possible opinions that the
court
issue.
may
"We make
no
attempt to predict the outcome of
this
litigation", the bond house
declares, in- citing the various
which
forms
take
decision
the
"regardless
others' belief
of. its
might
own
or
Bond
as
op¬
Chester, N. Y.
Offering—Harry Wunsch,
Note
Village
Treasurer,
sealed bids until
31
for
the
notes,
as
issued in
will
11
a.m.
purchase
receive
on
Jan.
of ,$28,866
follows:
$25,000 notes
anticipation of collection
of taxes levied for fiscal year be¬
ginning April 1, 1943; $2,836 capi¬
tal notes issued to pay expense of
preliminary work
on
post-war
projects, and $1,000 budget note
to
in
cover
of War Council
expenses
fiscal
year
1943.
All
Feb.
starting ^April
.
of
dated
'1,
the
notes
1944,
will
1,
be
and
mature
Aug. 1, 1944. Written opinion of
Reed, Hoyt & Washburn of New
York City will be furnished.
159, p. 390—were awarded to
Fox, Reusch & Co. of Cincinnati,
paying a price of 100.05, a basis
of
2.37%, as follows: for
$9,000 maturing Feb. 1, $500 in
1946, $1,000 in 1947, $1,500 in 1948,
$500 in 1949, $1,000 in 1950 and
1951, $1,500 in 1952, $2,000 in 1953,
as
2V2S,
and
$11,000
maturing
Feb. 1, $3,000 in
1954, $3,500 in
1955, $4,000 in 1956 and $500 in
1957, as iv2s, Dated Feb. 1, 1944.
Denomination
highest
Lewis &
Millea
—
Co, for
$11,000 23/4s, at
Bond Call
.
The next
McDaniel
was
$9,000 2y4s and
price of 100.031.
a
Gela F.
—
Musgrave,
Town
Clerk, reports that the foL
lowing refunding bonds are called
for payment on
and
par
March
accrued
1, 1944 at
interest:
$8,000
$15,000 public
improvement bonds. Dated March
1, 1934. Due March 1, 1948. Said
water
bonds
bonds
should
be
presented
with
March 1, 1944 and subsequent in¬
terest coupons attached, for pay¬
ment at the Guaranty Trust
Co.,
New
York
City.
call date.
on
-
Interest
ceases
..y Ay-y'Ay,,■
.
Louisburg Township (P. O. Louis'}'■
\burg), N. C.
'
road
Jan.
on
bonds
S.
to
offered
for
159,
p.
the Channers
to
1957, $2,000 in 1958 to 1961,
2V2S, and $14,000 maturing Feb.
$2,000 in 1962 and $3,000 in
1963 to 1966, as 21/4s,
Dated Feb.
1, 1944. Denomination $1,000. The
next highest bidder
was
E.
J;
as
1,
Prescott
&
Co.
$20,000
100.30.
for
2'/2 s,
at
'
■.
Sale—The
$150,000
to
159,
p.
First
the
390—were
Securities
''
25
awarded
Corp.," of
Young &
Bank
on
&
chased
Trust
Co., recently
pur¬
$15,000 certificates of in¬
debtedness.
Mr. Millea also reports that the
above
bank
will
probably
pur¬
an
additional $2,197 certifi¬
cate to be issued in the immediate
future.
.
'
Sale—The
$10,200
bonds offered for sale
—v.
to
p.
Jan. 21
159, p. 390—were awarded
Francis
New York
of
on
sewer
100.069,
I.
DuPont
&
Co., of
1.10s, paying a price
basis of about 1.066%.
from
000
Nov. 1,
1943.
Denomina¬
$1,000, one for $200.
Due
May 1, as follows: $2,200 in 1944,
and $2,COO in 1945 to 1948.
Syracuse, N. Y.
The $769,000 gen¬
eral refunding, 1944 bonds offered
Bond Sale
for sale
to
on
—
Jan. 21, were awarded
Halsey, Stuart & Co., Inc., and
par,
a
1954
amount of the issue will be
$100,-
00.
dated
The
bonds
net
from
interest
1955
be
to
are
Jan. 20, 1944.
Of this issue $5,000
will mature Nov.: 1, 1945 and a
like amount every year thereafter
up to and including Nov. 1, 1964.
The interest rate is 4% payable
semi-annually at the office of the
treasurer of the City of Columbus.-
'
'V
?
••
'"
'
Coshocton, Ohio
Bond Sale — The $20,303 street
improvement special assessment
/
bonds offered for sale
awarded
were
on
Jan. 27
to
Fox, Reusch &
Co., of Cincinnati as iy4s, pay¬
ing a price of 100.78, a basis of
about 1,12%.
The next highest
bidder
V
Braun, Bosworth &
a price of 100.67.
was
,
Lakemore, Ohio
•
p.
special
bonds
Jan. 17—v; 159,
on
awarded
157—were
sanitary
assessment
to
Kline,
Lynch & Co., Einhorn & Co., and
Cayne, Ralston & Co., all of Cin¬
cinnati as 3y2s, paying a price of
100.09, a basis of about 3.49%.
Dated Feb. 1, 1944. Due on Oct. 1
as follows: $2,000 in 1945 to 1963,
and $3,000 in 1964.
noon
to
Feb. 7 for the
on
purchase of $8,500 3%
fire appa¬
1,1943.
Denomination
$850. Due $850
March and Sept. 1, 1944 to 1948.
Bidders
rate
1/4
of
Dated March
bid
may
interest
of
was
a
different
a
for
bonds
for
in
multiple of
Enclose a certified
1%.:.
check
$500, payable to the
Village Clerk. (A like amount of
Dec.
offered
18, 1943—v.
Mount
inclusive; $70,-
due $4,000
Bonds
and
sold
on
158, p. 2627.)
Healthy, Ohio
Authorized
Village
and $10,000 from Council has
adopted an ordinance
inclusive; $40,000 3s, providing for an issue of $6,335
maturing $10,000 on Feb. 1 from 3% special assessment sewer con¬
1964
—
inclusive
1965 to
1967
to
1971
incl.
Second
high
bid of 100.012 for $72,000 2%s and
$78,000 21/2S, was made by Equit¬
able Securities Corp. and F. W.
Craigie & Co., in joint account.
struction
Randolph County (P. O.
Asheboro), N. C.
bonds
to
mature
Sept.
15, as follows: $485 in 1945 and
$450 from 1946 to 1958 inclusive.
Ohio
(State of)
Index
Bond
Dated
tion
of
1945 to
2s,
as
a
bid
Vance,
cost of about 2.535%, as follows:
$40,000 31/2S, due $4,000 on Feb. 1
1968
Roslyn, N. Y.
Bond
a
acquiring real estate and heir
rights in connection with the
landing field adjoining the munic¬
ipal airport for the erection of a
new fire proof bldg. thereon. The
Ohio
Bradbury,
Village Clerk, will receive sealed
Winston-Salem, jointly,
.
the
Middleport,
cou¬
and
for
or
ratus bonds.
water bonds offered Jan.
providing
Bond Offering—C. P.
New Bern, N. C.
Bond
ordinance
an
issuance of bonds to pay the cost
$15,000 2V4s
a price
of1 bids until
/
stated
that the City Council has passed
offered for sale
ties ;Co.
of Chicago, paying a
price of 100.41, a net interest cost
of 2.320%, as follows: for $21,000
maturing Feb. 1, $1,000 in 1945
and
:
is
Authorized—It
Bond Sale—The $41,000
Securi¬
Dunham,
re¬
Columbus, Ohio
Bonds
.
390—were
Hardin of
Counsel,
,
sale
ports that the Rensselaer" County
Corporation
lake shore protection bonds,
$300,000 park improvement bonds
and $125,000 city welfare bonds.
Mr. Sweeny also reports that
the Commission purchased at par
the $1,166,000 delinquent tax an¬
ticipation bonds.
sewer
25—v.
awarded
—v.
James
City Sinking Fund Commis¬
has recently
purchased at
par the following bonds aggregat¬
ing
$775,000:
$100,000
airfield
capital improvement bonds, $250,-
Co., for iy4s, at
Bond Sale—The $35,000 refund¬
ing
Cleveland, Ohio
.
and
.
Rensselaer, N. Y.
Sold
$500.
bidder
on
sion
about
pon
Certificates
Jan. 25
—v.
v:
Port
refunding
on
wa9
Boulger
000
,
$20,000 public
water
bonds offered for sale
to the likelihood
as
propriety of one form
posed to another."
or
Sale—The
improvement and
W.
the
CAROLINA
Fremont, N. C.
*
W.
Sold—Joseph T. Sweeny,
Director of Finance, reports that
Trust
&
been
private sale
a
had been awarded to J. A. White
& Co. of Cincinnati.
,
Co.,
Louis
claims have
pay
and
authorized to
Bonds
Mercantile-
Bank
back
rejected
r
.
0.90
Co
Chemical Bank
Withdrawn—Bonds
bids on the city's $18,500 issue
judgment bonds with which to
of
100.27
0.90
prich & Co.
Dillon
.
0.90
___
Phelps,
Fenn
&
Co.
and
Bacon, Stevenson & Co.—
Lehman Bros., R. W. Press-
Bid
his bid of 21/2% with accrued in¬
terest. Originally the bond issue
F. Childs & Co., Glore,
Forgan & Co., A. G. Becker
& Co. and
Public
Sold Privately—It is stated that byaction of the City Council, previ¬
meet
First National Bank, Chicago
and L. F. Rothschild & Co.
C,
Chillicothe, Ohio
ous
Price
%
Committeeman from Union Coun¬
—
aware
-
Bidder—
American
Legion
.
cities, but, "is keenly
•
1
post which
he will fill in addition to his
pres¬
ent duties as Personnel Director.
A lifelong resident of
chase
State
(F-A) payable at the Chase Na¬
Bank, New York. Among
both re-elected.
were
OHIO
Feb.
on
1948, and $200,000
Principal and interest
1949.
tional
that
at
,
refunding operations," ment System (P. O. Albany), N. Y.
Dewey declared.
*
Bond Issue Details
The $2,He added that a state commit¬ 232,000 3% fully registered New
ted on municipal finance headed York State bonds sold
by the sys¬
by Moore will report soon a pro¬ tem on Jan. 14 to a
group headed
gram for
"temporary relief" of by the Chemical Bank & Trust
.
General
Due
1; $569,000 in
in
ip
elected
to the office of Secretary.
A na¬
tive of Jersey City, Miss Goelz
Bannigan
was
"dole."
York
Denomination $1,000.
ap¬
Director
Miss, Edna Goelz
the Legislature,
"re¬
one-half
almost
by
C.
calling for
measure
an¬
was
1942, and Leander I. Shelley, who
,
of
Tobin, who
Executive
became
It is
ey's program recommendation that
the
pointed
people."
4- The committee . endorsed Dew¬
Under
Feb.
15, 1944.
the
:
20
Jan.
on
State
mendation
;y.; ";'r
.
built
and
him
to
to relieve the financial ills of New
for tenancy or operation, until,the
J.
Assistant
State
respec¬
their sistant Secretary in 1942.
Joseph G. Carty was designated
V---
,
the
Austin
Otis & Co., both of New
York, for $25,000 2%s and $25,000 1 M>s,
jointly, as 0.75s, paying a price of was made by Fox, Reusch & Co.
100,097, a basis of about 0.73%. of Cincinnati.
Coupon bonds, dated Feb. 1, 1944.
Chair¬
as
from
collected
they
terms
Vice-Chairman
tively/of the Authority, at the
nual meeting on Jan. 6.
when resided
period
same
very
and
man
just; 22 time,
in
the communities have multi¬
plied their share of State revenues
more than five times.
Yet, during
years
that
mously re-elected for their elev¬
enth consecutive
reduction in real estate taxes.
"Unfortunately, neither current
nor history support this
Twenty-two years ago, the
mond B. Butler, chairman of the share of State-collected taxes and
New York City Housing Authorir State aid for the local communi¬
ties totaled $48,000,000. Today that
ty, has announced.
; "
1 The Lillian Wald. Houses,.which figure is $246,000,000.
demn
493
Slightly
Higher—
J. A. White &
ported
Bond Sale —The 50,000 coupon
Co., Cincinnati, re¬
under date of Jan. 26 as
follows:
With the attention of in¬
bridge refunding bonds vestors and dealers alike cen¬
offered Jan. 25—v. 159, p. 391— tered on the Fourth Loan Drive,
were
awarded
to
the Bank
of activity has been light in the Ohio
Randolph of Asheboro, as 2s, at a municipal market during the past
price of 100.20, a basis of about few
days.
Yet
prices
have
road and
1.983%.
strengthened quietly. Our index
of the yield (which moves in in¬
Second high bid of 100.006 verse ratio to the dollar price)
Dated
Feb.
1,
1944
and
due $25,000 on Feb. 1 in 1957 and
1958.
Ohio
20
on
The
declined from
bonds
1.39% today.
last week to
1.40%
10 high-grade and
bonds declined
slightly to 1.22% and 1.56%, re¬
spectively.
The index of price for the 10
yield
on
by the highway director,
priorities
It
lower-grade bonds equals its pre¬
vious
all-time
high
of
1.56%
reached on Nov. 3, 1943. The cur¬
rent index of 1.22% yield for 10
high-grade bonds, however, com¬
with a previous high level
of 1.20% for this group.
Local Election Results Analyzed
although tended the maturity date of these
> its
use bonds, as was proposed in legisla¬
Highway
Department for new
construction, and contingent upon
will be trans¬
surplus revenues,
ferred to the
department upon ap¬
plication of the highway director
and
with
the
approval of the
Revenues
Tax
Increased—Wm. S. Evatt, tax com¬
missioner, reports that excise tax
15 public utilities in¬
creased more than $1,000,000 in
revenues on
voted in the first
1943, compared with the preced¬
ing year. Revenues were $12,799,-
of
survey
639
last year,, as
by the Ohio State University bur¬
eau
of educational research re¬
961
in
educational purposes
a
decade
were
months
eleven
veals.
approved in
1943,
a
,
1 and Nov. 2,
Between Jan.
the
in
submitted
were
in¬
school levies
clusive, 379 special
1,600 dis¬
tricts, with 362, or 95.51%, win¬
ning approval. Seven bond issues
were
submitted,
with
five
of
these, or 71.43%, approved. Dol¬
given for spe¬
cial levies. Of 42 cities voting on
lar totals were not
levies, 40 approved them. All 24
were-passed, of those submitted
in
exempted village school dis¬
tricts, and 298 were approved in
310 county elections.
school dis¬
tricts
bond issues
aggregating $76,781,000, or 60%
of the 1,580 submitted, and passed
Since
1928, Ohio
approved 947
4,118 of the 5,265 special levies
proposed, or 78%.
Cities
and
exempted • villages
approved 127 bond issues totaling
$37,316,000 or 56% of the 22/
voted on, while 591, or 84%, of
the 702 special levies carried.
:
In counties only, 820 bond is¬
aggregating $39,465,000 were
sues
against $11,678,-
tal,
$5,608,862,
compared with
$5,270,549 in 1942.
Steam rail¬
roads were second in 1943, with
Duncan,
City Auditor, will receive sealed
bids until noon on Feb. 7 for the
purchase of $160,000 2% fire sta¬
tion
apparatus
and
equipment
bonds. Dated March 1, 1944. De$1,000. Due $16,000 Sept. 1,
1954. Bidders may bid for
different rate of interest, in a
1945 to
less
than
par
Enclose
est.
a
and
1938
The
1940.
preceding high was 98% in 1929.
Counties approved 80% of the
$1,600, payable to the City.
OKLAHOMA
Chickasha School District, Okla.
Paid—The
Price
$23,000 school
purchase bonds sold to C. Ed¬
Honnold of Oklahoma City as
the
At
$69,000,000—State
estimated
enbacher
the surplus
fund
enue
that
$69,000,000.
figures would not
until
available
revenue
re¬
ceipts for the final day had been
tabulated, but his estimate in¬
creased by approximately $3,000,the
000
v ?:
Although sales tax
who
all
source were
drop in liquor
offset by a sharp
revenues.
^
.
^
,
It was reported that the year's
receipts from the sales tax would
approximate $48,000,000, as com¬
pared with $46,500,000 for 1942.
With
figures
monopoly
business
still
to
be
profits for the
$9,150,000,
for
1942.
on
as
At
the liquor
for the last
received, liquor
year
amounted to
against
the
$13,500,000
same
time
rev¬
derived from the liquor gallonage tax totaled only $5,865,000,
estimated, as
against $10,778,000 from the same
source
Mr.
that
May 19
in 1942.
Defenbacher
he
had
Council has probe held
any
purpose
designated
Bidder—
H.
R.
Bid
Rate
Leonard
&
■
102.333
;
100.538
100.27
2V4
& Co.—
Johnson
2%
2
Lynch_,_
Temporary
Jan.
of
"Times-Herald"
the
carried
5
following
Bridgeport Town Council
a
motion to
borrow
report:
$25,000 from Bridgeport National
Bank
meet current bills at
to
totaling $158,000 that were held
against the borough.
bonds,
burned
by
authorized to be
Borough .Inspector
Aloysius J.- Brady, included $100,-
for other
bills.
k
v
s
'
108.105 — v.
159,
dated Jan. 1, 1944
1, as follows:
at
are
Bond
Assessment
In¬
Payment Authorized—The
Altoona "Mifror" of Jan. 17 com¬
mented
editorially
follows:
as
The laws of the commonwealth
of
Pennsylvania which authorize
the councils of the cities to set up
budgets and make appropriations
are very specific in the require¬
that
ment
first
consideration
given to the debt service.
Among other factors in
connection
be
a
sinking
fund
have yet to be
$2,000 in 1945 to 1948, and $3,000
in 1949 to 1954. Legality approved
centage of the
must be
and
revenues
of
Other
way
Rate Bio
over
108.026
ness
or
that may be issued.
The
Bond
income to
issues
new
$89,500
worth
of special as¬
announcing
that
the
holders
of
these
bonds
The
-
council
might
have
ex-
have made by thrift."f
we
Units
Have
Res¬
Large
dating back to 1916 still are
fund requirements.
meet sinking
meeting in Harrisburg of
Pennsylvania Municipal and
•
_
provides
the sale
$140,000 worth of refunding bonds shall be divided among the
of
following loans:
'
Principal
Interest
Interest
$6,667.67
'$4,050.00
State Tax
27,416.67
Sanitary Sewer Bonds of 1922—..
Bridge and Hwy. Imp. 1923
—:
23,333.33
$2,760.00
57,143.33
28,000.00
11,305.00
,1,064.00
40.369.00
Highway Improvement 1924__'__J._.
Sanitary Sewer Bonds of 1924
Public Safety Bldg. 1924
Improvement Bonds of 1926_
14,000.00
6,460.00
608.00
21.068.00
17,000.00
7,947.50
748.00
25,695.50
13,000.00
552.50
52.00
13,604.50
Improvement Bonds
Boulevard
Bonds
of
of
18,000.00
20,000.00
Sanitary Sewer Bonds of 1932__~
Refunding Bonds of 1933——.
28,370.00
16,822.00
1,225.00
•:
basis
of
employment ex->
business
pansion
37,215.00
for the creation
and
formidable
6,225.00
the
in
508.00
18,454.25
5,360.00
536.00
25,896.00
720.00
28,370.00
third-class cities, $69,342,658; bor¬
480.00
24.380.00
oughs with populations of 4,000 to
15,000.00
20,000" 00
20,000.00
3,900.00
20,000.00
3,250.00
520.00
23,770.00
22,000.00
2,958.50
,676.00
25,634.50
15,000.00
,.2.
follows:
337.50
7,650.00
.
through public works programs.
He apportioned the grand total as
16,125.00
1,125.00
'
337.50
2,196.25
502.00
17,698.00
2,640.00
704,00
21,344.00
$11,090.00
$506,747.67
18,000.00
$363,666.67
—
20,000
and
,
Court
—
?
more,
Commerce
Have
H.
Andrews, Deputy City Controller,
reports that the suit testing the
constitutionality of an act passed
by the State Legislature in 1933
and the legality of^a proposed is¬
sue
of $400,000 bonds is. still in
court.
(See under Pennsylvania
(State of) in our issue of Jan. 17,
page 264.) kkvkA; kkk^k
on
New Albany, Pa.
Bond Sale
works
v.
—
bonds
The $13,500 water
offered
Jan.
24—
392—were awarded to
First National Bank of New
159, p.
the
'
its current biennium.
with
other
for 3s
made by Moore, Leonard &
Second high bid of 101.277
Lynch.
Martin, in a review of
the first year of his administra¬
Governor
report of
that
Out¬
a
took
18
Federal
issue
census
Philadelphia
industrial
of
Department
Jan.
and
cities throughout
Pennsylvania "have little prospect
of rapid post-war growth."
tion, reported that "the financial,
condition of Pennsylvania
Floyd Chalfant, Secretary
of
is in
magnificent shape," with "an. ac¬ Commerce,»termed predictions by
cumulated
surplus
in
all
our Philip M. Hauser, Assistant Direc¬
tor
of
the
Bureau
of
funds." :vk";-'v';^:kk v ,;.k'k ' ■
Census,
•'
.
"without
The total road and soldier bonus
000,000, and in addition the State
obli¬
has General State Authority
gations of about $50,000,000.
«
>.
•
"By reason of savings in gov¬
ernmental costs and wartime tax
Governor said,
"we estimate there will be a sur¬
the
000,000, as against a deficit of $71,000,000 left by the Earle adminis¬
"For
"the
area,
example," - Chalfant said,Philadelphia
metropolitanj
now. in the midst of unprece-.'
dented
among
war
production, is
the centers facing
ful future.
Such
other
.
a
a
1940, and Aug. 1, 1942.
of
the
mense
labor
war
needed
|
1,j
'k
diversified
dustries supplied a very
a
in
area
of 100,000 between April
"Philadelphia's
!
,
Secretary cited
population growth in this
excess
listed
doubt-
conclusion ap- ;
proaches the fantastic."
The Commerce
$171,000,000
Chalfant
ration book registrations, and that
many areas, listed as having lost,
population actually made substan¬
tial gains.
H
tration.
"In
foundation."
said Hauser's study was based on
indebtedness has been cut to $63,-
words, we will be
better off than we
$100,000,000 Biennium Surplus were five years ago—and our tax¬
Predicted—Asserting that "accu¬ payers have had the benefit of a
reduction
of
mulation of surpluses is the sound tax
$45,000,000 a
method of financing our necessary year."
The predicted $100,000,000 sur¬
post-war expenditures," Governor
Edward Martin predicted Jan. 19 plus will be made up of an excess
of $50,000,000 in the general fund
that
Pennsylvania will have a
Pennsylvania (State of)
a
Denies
Post-War
State
on
official
.
$54,825,647;
$35,166,798.
Department
Poor
look—The
$100,000,000 surplus at the end of
W.
$406,849,520;
first-class townships,
Cities
$131,991.00
counties,
Commerce
in
era
5,946.25
20,000.00
j Refundin& Bonds of^i943——
Still
post-war
5,215.00
12,000.00
Refunding Bonds of 1936.——l.i
Redemption Bonds of 1937
Total
20.092.50
720.00
312.00
totaling
$566,184,923,
and
ex¬
pressed the view that this huge
reservoir of credit represents a
32,000.00
Exchange Bonds 1934___.
Refunding Bonds of 1935
Improvement Bonds of 1936
Refund,
1941.
Refunding Bonds of 1942_
180.00
7.650.00
3.510.00
5,000.00
1929—
1,912.50
13,000.00
1927—..
Refunding Bonds of
:
State, exclusive of
Pittsburgh, Philadel¬
phia, Scranton, also second class
townships and a few boroughs,
have unused borrowing capacity
$10,716.67
15,750.00
31.050.00
1922___—
the
in
ments
the Cities of
11,666.67
Bonds of
Officers that local govern¬
nance
Total
"
.
the
Fi¬
a
sinking fund ordinance passed by Council Thursday
that 4.824 mills of the 14-mill tax levy plus proceeds from
The
was
city council, in direct¬
ing the payment of interest due
on
dress "can be financed from sav--
ings
plus at the end of the biennium
(May 31, 1945) of more than $100,-
other forms of indebted¬
pro¬
..
Local
037, a basis of about 2.746%. Dated
Feb. 1, 1944 and due $500 on Feb.
1 from 1945
to
1971
inclusive.
the
Building
bond issues for reforesting
and airport construction through
local financing.
Other post-war
work, Martin said in a recent ad¬
gram,
.*
of the city
on
—
ment Postwar Road
will drain nearly 37% of all
/
;
accomplished, the
Governor said, through State par¬
ticipation in the Federal Govern¬
Income—More than $500,000
#
$500,000,000high-;
That may be
Pa.
'
a
improvement program spread
five years—will cost at least
ation."
—-—.—102.715
.
postwar; proj¬
$1,000,000,000 and the Governor
says the money can be provided,
"without, additional
State tax¬
Cunningham & Co.
106.275
& Sherrerd——.
—103.58
W. E. Newbold's Son & Co._.———103.18
First National Bank, Huntingdon_--.103.00
Union National Bank & Trust Co.,
K.
Butcher
Huntingdon
/
ects—including
bidders were as follows:
'k'k
Singer, Deane & Scribner_--~
' 1
estimates -
James
Bidder—
S.
4
months.
Net in¬
Simpson of Huntingdon.
basis 1.579%.
collections,"
payment
named but Director
Mark S.
come
Albany as 2%,s, at a price of 100.-
placed to meet maturities
interest
bonds
must
a
;
commission
the
James, former Secretary;
Commerce, with a skeleton
by Townsend, Elliott & Munson,
staff has been at work for several
of Philadelphia, and Simpson and
per¬
established into which
"
of
Members
being paid off by the ervoir of Credit for Post-War
city.
These annual debt requirements are one of the big complica¬ Projects—William S. Livengood,
tions that arise each year at budget-making time.
Jr., Secretary of the Pennsylvania
At the very beginning of deliberations, city officials are faced Department of Internal Affairs,
with the* necessity of setting-aside more than one-third of expected stated in a recent address before
"
be
k
this
State,
the
cushion
to
ture.
Jan.
mature
$1,381,887.74, sinking fund requirements
McKeesport, Pa.
Special
plans
war
'iC''v
approximately 37% of the city's total estimated income, will be
necessary to meet sinking fund requirements during 1944.
Principal and interest and State tax on 21 outstanding bond
issues will require $506,747.67 of next year's municipal revenues.
With the estimated income for the year set up: in the budget as
Suit
terest
on.
which
against the shock of regearing the
home front, to peacetime pursuits
Bond Sale Details—The $26,000
is the
10-member Pennsylvania
3%
funding bonds
sold to A. Post-war Planning Commission,
Webster Dougherty & Co., Phila¬
authorized by the 1943 Legisla¬
Johnstown.
,
working
program
Huntingdon School District, Pa.
Sinking Fund to Take 37% of City
income.
$1,000,000,000
a
its
meeting vlast night and
the same time, burned old bonds
The
the Commonwealth is
to
Bridgeport
National steering us successfully through
$11,000
to
the
Sinking that dangerous and critical time.'*
and approximately $4,000
Master
co-ordinator
of
post¬
$5,000
January
at
by
Dunleavy,
solons stated the amount is to be the Governor says will be a bul¬
repaid from the first collections wark against unemployment and
of the 1944 taxes. (Taxes turned its resulting ills in the reconstruc¬
in
for
the
year
by Collector tion period,:
■■■:.'
James J. Kane totaled approxi¬
"We have planned and we aremately $65,000, it was reported.)
planning for that era," GovernorThe loan was made necessary Martin assures.
"The best minds:
because Council owed a bill of of
Pennsylvania
are
at
work
and
Authorized—
Loan
Norristown
The
For¬
Program Being
Post-War
seconded
and
Edward
Councilman
delphia,
p. 264
Bridgeport Borough, Pa.
PENNSYLVANIA
$3,000,000 to the State will be paid when the bonds are
Highway Department fund under presented to the city treasurer, is
provisions of the biennium appro¬ carrying out the spirit and the
priation act.
This fund can be letter of the law.
for
Price
disposal bonds.
sewage
transferred
used
Eliff
Daniel
'•;v
Singer, Deane & Scribner___,
Moore,
fol¬
-
Int.
election
an
sessment bonds and in
said
as
were
motor
approving
the '$25,000 mulated—Behind Pennsylvania's
loan, upon motion of Councilman powerful war production front,
the question of issuing
on
$12,000,000
enue
the finance director
'
Sanitary Sewer Bonds of 1939—
Bonds—The City
posed
from
revenues
Other bidders
Refunding Bonds of 1940
Portland, Ore.
May Vote on $12,000,000 Sewer
revenues ex¬
expectations of those
that the increased
week
certified check
a
Altoona, Pa.
anticipated the budget¬
receipts for the year, he said
this
Enclose
-•
had
ary
nished.
surplus of $65,000,000 of
four months ago.
ceeded
Teal, Winfree, McCulloch, Shuler
& Kelley of Portland will be fur¬
$68,000,000 and
'
He said final
1962.
lows:
Park
1,
in Ohio's general rev¬ for $1,000.
as
of
the
year-end
would be between
be
Dec. 31
par.
the
in
Upon
Denomination Bank;
$1,000. Due $1,000 Feb. 1, 1945 to Fund,
Sanitary Sewer Bonds of 1916—.
Feb.
.
IPut
at
1942, respectively.
off in 1941 and
amount
like
a
license fund,
paid
1931 issue that were
1,1944.
Dated
last year, the same as successful
bidder
in
Portland.
in 1938 and 1940.
The high was
Principal and interest (F-A) pay¬
91% in 1928.
able at the County Treasurer's of¬
The approving
Surplus In
General Revenue fice.
opinion of
Fund
Is,
as
purchase of $16,000 not to ex¬
ceed "6%
interest school bonds.
won
Finance Director Herbert D. Def-
Beaver
Dated Feb.
National
Mcintosh
Fort
of
and
issue and $58,000
the 1926
on
or
1944.
Due Feb. 1,
bond issues submitted last year, as follows:
$2,500 in 1945 to 1948,
the preceding high being 72 in and
$3,000 in 1949 and 1950. All
1938. Only half the number sub¬ bids must be unconditional.
The
mitted in cities and exempted vil¬ bonds will be delivered to the
lages
Bank
and accrued inter¬
certified check for
.
for
build¬
$18,000
000
of the
multiple of xk of 1%. No bid for
passed of the 1,353 submitted, an
gar
average of 61%, while 3,527, or
77%, of the 4,563 special levies l$s, report of which is in v. 158,
p. 2627, were sold at par.
passed.
The 98% approval of the spe¬
OREGON
cial levies in the 1943 period was
the highest* since 1928.
The pre¬ Multnomah County School District
No. 16 (P. O. Fairview), Ore.
ceding high was 88% in 1940.
The 1943 percentage of passage
Bond
Offering—C.
E.
Bunn,
for special levies in cities and ex- District
Clerk, will receive sealed
iempted school villages was 94, the bids until 8:30 p.m. on Jan. 31 for
as
the
to
nom.
site
same
Sale—The
ing bonds offered.for sale on Jan.
11—v. 159, p. 157—were awarded
approved
Ohio
Offering—C. E.
Roberton,
a
hanging fire already
Borough Township School District
(P. O. Vanport), Pa.
$2,501,833, an increase of almost
$400,000 over the preceding year.
Natural gas concerns paid $2,088,912, up more than $200,000, and
telephone
companies $2,117,408,
a gain of $117,000.
last
for at least fifteen years.
panies contributed the largest to¬
k Bond
been
light com¬
Electric
1942.
has
It
Bond
Utilities
defeated
was
week, but that would have been
nothing more or less than the
postponement of the time when
the debt would have to be paid.
Board of Control.
Public
which
tion
explained that an addi¬
$3,000,000 to be given the
was
tional
pares
V-The highest percentage of Ohio
bond issues and. special levies for
preclude
may
after the war.
until
10 lower-grade
on
Monday, January 31, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
494
large
for
its
in-;
part)
im-'
effort," Chalfant said.
Volume 159
Number 4251
THE COMMERCIAL & FINANCIAL
CHRONICLE
funds
Philadelphia, Pa.
Sinking Fund Owns 26% of City
City Sinking Fund
from
Debt —The
Commission closed 1943
with
shown
of
ments
a
report
revealed
The
of Dec. 31
as
1947
owed
to
account.
bond
reduc¬
of
$704,528 in interest re¬
quirements as compared with the
preceding year, y-
total bonded indebtedness of
today of
city debt represents
obligation of $78.44 for
the
individual
every man,
and child.
woman
During the coming year the
city's total indebtedness will be
reduced by $3,553,000, represent¬
ing payments on maturing bonds.
Additional bonds valued at $1,000,000 will mature this year, but
they will be renewed on a new
20-year
basis because the city's
income will not be large enough
,
to
pay the
due.
fall
The
principal
main
reason
when
for
they
the
city's
inability to meet payment on all
of its
bonded debts falling due
this year is attributed to the
sharp
decline in the assessment value of
property, resulting in a severe
shrinkage in tax income. V
About 22% of the total author¬
ized
appropriations for 1944 will
be spent in
meeting obligations of
indebtedness,
1.
follows:
as
Interest and taxes
'
loans,
$1,685,746.
2.
Transfer to the sinking fund
for retirement of
maturing bonds,
$3,478,199.
will
(Money
bring the total
000,
the
amount
retired this
3.
of
year.)
in
up
the
fund
to $3,553,being
bonds
•
State taxes
on loans, $95,000.
city's outstanding bonds are
payable serially during the next
20 years.
\»
<
The
,
Shillington, Pa.
*
ing
bonds
sale
on
originally offered for
Oct. 28,—v. 158, p*. 1585—
recently
awarded
It would
to
the
National Bank of Topton, Topton
for a price of 100.625* Dated Dec.
SOUTH
;•
Trust
est
Sioux
495
Co., New York City.
ceases
Inter¬
will
receive
sealed -bids
remain¬
in 1959.
All bids must be
seem
ditional.
No bid for less than
par
and accrued interest will be con¬
sidered.; Principal
(M-S) payable at
by
the
new
higher rates
or
551
bidder.
The
furnish the printed
will
executed
bonds
proving opinion
of
and
the
ap¬
Dorsey, Col-
Barker, Scott & Barber
man,
Minneapolis, both without
the purchaser.
Enclose
of
cost to
certified
a
check for
$1,000, payable to J. M.
Coon, District Treasurer.
A schedule of debt requirements
1944 through 1953—based on
sioner
Call
R.
—
J.
year 1946, $3,933,052 in
1947, and $3,933,052 in 1948.
payments drop back to
Gamble,
the
amount
of
$10,000
for payment on
at
the
County
Trustee's
office, Decatur.
Dated
1, 1941.
Due Sept. 1, 1961,
optional on any interest payment
Sept.
date.
Interest
call date.
ceases on
Memphis is trying to get
as-you-go
mission
basis.
The
.on a pay-
City Com¬
has
just
appropriated
$500,000 from the city treasury
surplus and has earmarked
it
"permanent
improvement
fund,"
which will be added to from year
to year, and from which all
ap¬
about the present year's level and
diminish fairly rapidly thereafter
propriations for capital improve¬
to
ments will be made.
$2,649,710 in 1953.
Thus, in
1946, 1947, and 1948, Providence
1942,
on
Dec. 31
in
1944
calling for
submit
):■*'
the
South
Carolina
Legislature
12, Governor Olin D. Johns¬
Jan.
"re¬
frain, if possible," from legislation
"which might allow or incur addi¬
tional taxes that might hinder us
in the war effort or in the
post¬
war
period."
The
Governor
recommended
that the Senate Finance Commit¬
its
the
Chairmen
of
the
House
Ways and Means Committee
the Senate Finance
empowered
meet
a
and
Committee, be
to
invest" any
sur¬
Government bonds to
possible post-war financial
"reaction."
r\
•;
f
State surpluses, other than those
invested in Government
bonds, he
said, should be' used to retire
debts,
or
as
a
improvements.
The
$600,000
which will be saved each year in
interest payments alone will go
far towards financing those im¬
6.8%,
month of 1942.
revenue
'
Jn
,
;
the latest month
12.0%,
up
or
taxes were up
$390,621.
$86,298,
was '
Gasoline
or
4.7%
Issue
The fact that
to
go
average.
in
more
Memphis is going
not
not have
improvements made. The
does
years
calls for
expenditures
public health,
more
in such things as
highways and a new bridge
the Mississippi River.
basis for reducing
over
Newbern, Tenn.
taxes.
Bond Call—G. M. Steele
H.
Maun-
bonds.
Texas
Texas
but up
(State
of)
to
$91,308,
$23,474,424
in
of
6.5%
payment
0,3%, from the
or
the
1941.'
for
the
June
similar
1942
15.6%
from
General
Revenue warrants, dated
prior to Sept. 1,1941, are now void
.
because
two
TEXAS
Bonham,
Texas
reported to have voted to
both
an
issue
the
State
statute
limitation.
of
them
ar¬
presented
to
he
General
Claims Committee for special
ap-
debt
.
propriation at the next session of
State
Legislature.
Out-of-
first
4%
for
Possessors
rangements with the State Repre¬
sentative of their district to have
assume
delinquent and future
on
of
years'
of these warrants should make
Assumes Liability On Revenue
Bond Issue—The City Council is
service
value, State of
prior to and including
3, 1943. This call is for $3,007,470.50.
six
$10,661,412, down
down
•
face
rants issued
the
and
at
General Revenue warrants
and
including
No.
459,538
(1942-43), which includes all war¬
comparable
taxes
from
amount,
Warrants Called —State Treas¬
urer
Jesse James has called for
1941.
totaled
the
fair
grounds improvej State holders of such warrants are
bonds, dated May 1.' requested
to
notify
the
State
1941, and due serially to 1955. Treasurer's office.
The city, it is said has paid off
other than
General Revenue
all delinquent bond principal and
; warrants,
all State warrants are
interest charges on the issue.
cashable when issued and should
ment
revenue
DeWitt County (P. O. Cuero), Tex.
Bonds To Be Redeemed—Alvin
H.
Barnes, County Treasurer,
ports
that
the
county
has
|.be presented immediately for
ment.
Prompt
?
exer-
V JK' ? lr?^
to
'
a
$1,000
,
Higher Ratings On Municipals
Announced — Recent disclosure
that
Moody's Investors Service
had revised upward its
ratings on
in
became
ings
the
received
take
up
National
these bonds at the Frost
Bank, San Antonio.
Interest
ceases on
date called.
County (P. O. Eastland),
Texas
Bonds
Branton,
To
Be
Redeemed—Ruth
•
*
rat¬
rating of "A"
Detroit and
States whose bonds
higher rating included
The
most
^ea'ers sa'^>
important
actionSi
were those changing
"Baa" to the "A"
rating. Many banks and funds, it
was said, had been
prevented by
their bylaws or other rulings from
acquiring obligations with ratings
"A", and these institutions
would
their
County
a
bonds from the
under
Eastland
such
Arkansas and Illinois,
1
holders,
use
ofChicago,
Philadelphia.
the State: Treasurer's office, where
For the convenience of
higher
a
those
were
or.
arrangements have been made to
which
guide in making invest¬
local securities. Among
obligations which were ac¬
in
corded
on
interest^66
eligible for purchase by
as a
ments
March 1, and shall
be presented to the National Bank
accrued
hundreds of municipal bonds provided a strong stimulant to mar¬
ket activity, as many obligations
institutions
Said bonds have been called for
Commerce, New York City,
for
United States
(
redemption
pay-
UNITED STATES
J a?'/wK' ?
1955.
presentation
payment of these warrants will be
greatly appreciated by the State
Treasurer's office,
re-
cised the option granted by Article 720, revised Civil Statutes of
a
program which the City Commis¬
sion has outlined for the next 10
Bonds—W.
.
For
of
pay-as-you-go basis
mean that the city will
on
to
issue of
an
sell, City Comptroller, will ask for
bids within 90 days on an
offering
0f $1 350,000 various
improvement
the six months from
July
through December, 1943, net rev¬
enues
were
$23,565,732,
down
$544,125, or 2.3%, from the $24,109,857 in the similar 1942 period,
of its actual
value, as is the State
This, of course, brings
revenue for Memphis.
near
election
an
voters
Houston, Texas
To
Compared with December, 1941,
County Bridge Nos. 1 to 32,-ag¬
gregating $31,670.
Dated Dec. 15, 1930. Denomina¬
While the Memphis tax rate is
only $2.10, compared with Chat¬ tion $1,000, one for $670. Due June
tanooga's $2, Memphis property is 15, as follows: $1,670 in 1931, and
assessed for taxation at its actual $2,000 in 1932 to 1946.
value instead of 65%
the
$75,000 municipal airport bonds.
provements.
tee, which is composed of himself
and
to
>
'South Carolina (State of)
Governor Says Refunding May
Be- Necessary—In his message to
incl.
Commissioners Court in the
decreased $139,418, or
to $1,925,098 in December
$2,064,516 in the similar
from
average1 of
an
1954
future
Taxation,
Memphis has reduced its bonded Texas, to redeem all the following
$1,156,- debt during the past four years 514% outstanding refund, bonds.
$385,923,. to the extent df $7,700,000/ The
County Bridge Nos. 1 to 59, agmore in debt charges than in the
total outstanding bonded debt of
gregating $58,102.
present year. ._ ...
the city is now around $13,000,000.
P
15!!e
L
DenomiWhen that has been wiped
out, nation $1,000, one for $102.00. Due
SOUTH CAROLINA
Memphis intends paying cash for Juno TO as follows: $102.00 in
or
and
bonds.
dated Feb.
Fredericksburg, Texas
will have to pay a total of
880,
bonds
are
Petition to be Presented—A
pe¬
tition will
be presented to the
Gasoline taxes, the major source
mortgage
Memphis, Tenn.
Debt Reduced in Recent Years—
bonds
of revenue,
March 1, 1944, at
interest
and
par
and
ffr'-
•
called
are
December,
Finance
Gasoline
County Chairman, reports that 4%
refunding bonds Nos. 1 to 10, to
present
the fiscal
of
months
Meigs Couny (Decatur), Tenn.
to
December, 1943,
McCandless, Commis¬
reported.,'.
TENNESSEE
Bond
of
F.
months
for
obligations — shows, ac¬
cording to the Bureau, that exclu¬
sive of the selfsupported
water
debt,
Providence
must
meet
charges of $3,508,732 this year, $3,449,882 next year, $4,025,657 in
total
George
interest
successful
District
and
and
any
suitable
trust company
designated
or
advisable
in present taxes.
1949
uncon¬
for
farm
poor
the
1, 1944, and mature serially from
1945
$3,412,223, a decrease of
$171,328 or 4.8% from the $3,583,-
$46,000 not to exceed 3% interest
coupon
building
bonds.
Dated
1,
1944.
Denomination
$1,000.
Due March 1, as follows:
$3,000 in 1945 to 1958 and $4,000
of)
of
were
8
p.m. on Feb. 8 for the purchase of
this, when received, for
forms of taxation
In
until
(State
Revenue Lower In December—
Collected revenues of the State
of Tennessee
and
$369,000 road and bridge
All
Treasurer,, an¬
4,#,;
reports
nounces that the county has
Governor Johnston also included that
to 1957 inclusive. :
ex¬
the
'fNf
following
bonds
are
ercised the option granted by Ar¬
in his message a
prediction that called for payment on March 1,
PUERTO RICO
ticle 720, Revised Civil Statutes of
the
State Highway
Department 1944, at par and accrued interest:
would "be without funds on June
Texas, 1925, to redeem $218,000
Puerto Rico Water Resources Au$166,000 refunding bonds, Nos. 1 court house
bonds, dated July .15,
30, 1945."H f v/ ;-7 ,7 \v7;:
to 190, being all of an authorj
thority (P. O. San Juan), V
If it develops as now
1927, bearing 5% interest matur¬
envisaged,
Puerto Rico
;r
ized issue of a like amount.
-'^1
the situation will make it neces¬
ing annually from 1944 through
Names Fiscal Agent On Bond
8,650 funding bonds, Nos. 1 to 29,
1967, being all bonds now out¬
sary for the highway department
Issue
Chemical Bank & Trust
being all of an authorized is¬
to ^refinance some of its funded
standing of the above issue.
Said
sue of a. like amount.
Company, New York City, has
bonds have been called for re¬
debt, which is expected to total
been appointed Fiscal Agent for
Dated Sept; 1,1935. Denominations
demption on March 15, 1944, and
$48,956,793 in mid-1954, he said.
an
issue of $20,000,000 Electric
The
department's debt now is $1,000, $500, $250, $150, and $100. shall be presented at the Central
Revenue
Bonds
Puerto
Rico
Due
Septr 1, 1955. Said bonds Hanover Bank & Trust Co., New
$57,822,687.
Water Resources Authority, dated
should be presented at the Chem¬ York
A deficit of $9,280,537
City, where they will 6e
expected
Jan. 1, 1944 and
ical Bank & Trust Co., New York redeemed at
maturing in semi¬ to show in 1945 would be
par and accrued in¬
met by
annual instalments from Jan.
1, a cash balance that was of that City, or at the Town Treasurer's terest.
For
the
convenience of
1945 to Jan.
office for payment. Interest ceases
1, 1969, inclusive—v. amount last June.
holders, arrangements have also
31, 1943. Due
jail
call date.
on
Tennessee
DAKOTA
Falls
Independent
Sch. Dist. (P. O. Sioux
Falls), S. D.
Robert B. Berry, District
Clerk,
note retirement.".
pluses "in
Bond Sale—The $62,000 refund¬
were
or
The
ton urged the law-makers to
on
essential
;
single back tax
a
quirements without resort to
$53,-
686,847,
out
carry
i'
South
bank
accounts
borrowing and keeps its operating
at present levels, it will be
able to meet the rising debt re¬
estimated
an
to
costs
1
an
the
position
a
The Bureau thus appears to feel
that if the city undertakes no new
Pittsburgh, Pa.
City Bond Debt Put at $53,880,700—The city started 1944 with a
on
in,
debt retirement.
to reserve
the city debt during 1943
population
$700,000
ing $200,000 is
The report showed that interest
Based
only
that
is in
amount, $500,000 represents the
price of land sold and any re¬
ceipts must, by law, be applied
ernment securities.
a
new
which will probably be paid be¬
fore the 1946 fiscal year. Of this
re¬
outstanding city debt. It also
owned $8,574,200 in Federal Gov¬
$19,987,294,
any
-
the
880,700.
opposes
reduce operating costs to any
extent, and adds:
"The
City
of
Providence
is
port said, the Commission owned
city bonds amounting to $125,818,900, pr slightly more than 26% of
amounted to
to
work."
March
to
rates of interest.
tion
Bureau
borrowing; says
school committee
refunding program,. which
ended Oct. 31,1943, a total of
$99,991,400 municipal bonds were ex¬
changed for bonds bearing lower
;
on
falling off slightly in
1948, will not return to
and
refunding operations such as the
$5,000,000 "five-year program'' of
1941-45, inclusive; urges that the
city avoid any substantial new
Undlr the city's second volun^-
paid
city's debt charges for 1946
The
dur¬
the
15.
present levels until 1949.
being $476,-
At the close of the
year,
partment
back
letter made pub¬
news
although
514,800.
tary
derived
and
be $500,000 more than those
of the current year.
Debt charges,
ing the year the city's gross debt
showed a reduction of
$10,480,700,
the total
land
will
pay¬
that
of
sale
a
lic Jan.
bal¬
reserve
in
reau
the city's funded debt.
on
The
was
$140,965,116 to meet
the
dence Governmental Research Bu¬
as¬
totaling $140,970,697, which
included $134,393,100
in invest¬
ments and $4,523,011 in
cash, it
was disclosed
by the Commission's
annual report.
f
Also
of money
use
taxes, is expressed by the Provi¬
sets
ance
and
now
find wider choices for
consideration.
f
The total number of issues
f
re¬
vised is close to 1,000.
Moody's it
said, had been working on
the list for some time, feeling that
was
the
the
broad
economic ; outlook
for
affected
improved,
municipalities had
and
that
the
gain
would be maintained.
Major Changes
Listed
—
159
p.
392.
RHODE
The
ISLAND
Providence, R. I.
Research Bureau Opposes Addi¬
tional Refunding—Belief that the
City of Providence can meet its
problem of heavily increased debt
service
through
in 1946 to 1948,
adjustment
of
inclusive,
sinking
I
July
Governor
1,-1943,
to
said
June
that
from
"It will
call
30,
1945,
there would
be paid out
$15,462,537 on the highway debt, of
which $4,015,147 would be in in¬
terest.
on
'V
Sevierville, Tenn.
Bond Call—R.
necessary," he told
the Legislature, "for some of the
funded debt to be refinanced
(by
June, 1945) in order for the
de¬
B.
Duggan, City
City
Recorder,
announces that the
calls
payment
for
March
been made to take up these bonds
at
the
Capital National Bank,
Austin.
Interest
ceases
on
date
called.
1, El Paso County (El Paso), Texas
Bonds'Sold—Emerson & Co., of
bonds,
Series A, Nos. 19 to 25, dated
Sept. San Antonio, purchased on Dec. 26
1, 1939, in denomination of $1,000 the following refunding bonds agand maturing Sept.
1, 1945. Pay¬ gregating $879,000 as 2s, and 2 Vis,
able
at the
Chemical Bank & at par:
$420,000 court house and
electric
be
date.
system
on
revenue
Included in the issues changed,
with the old and
new
ratings,
are:
State of Illinois, Aa to Aaa; Chi¬
cago, Baa to A; Chicago Board of
Education, Baa to A; Chicago
District, Baa to' A; Chicago
Sanitary District, Baa to A; Cook
County Forest Preserve District,
Park
Baa
to
A;
Evanston, A to Aa;
District, Baa to A;
Moline, A to Aa; Rockford, A to
Aa; Winnetka, A to Aa; Los
Angeles, A to Aa; Kansas City
Joliet
Park
obligation A to Aa; De-
tjoit, Baa to A, St. Louis School
flc^' Aa 1? .A j3', *^rsey City,
®a
ai Philadelphia; Baa to
A; Seattle, Baa to A; Milwaukee
County, A to Aa.
THE
496
,
interest on and principal
of the said bonds as the same shall
Salt Lake City,
Utah
i
■
Sold—A $6,000 issue
Bonds
the
of
UTAH
become
of posals
,
and
due
payable.
>
Pro¬
oral or
change.
not subject to
are
bonds was tslegraphic modification or
the Conti¬ Bids to be cn forms furnished.
nental National Bank & Trust Co. Enclose
a
certified check for
of Salt Lake City for a premium $2,140, payable to Howard E. Cole,
of $855.50, equal to 114.2558. Sec¬ County Treasurer.
;-: !
S%
extension
sewer
recently
awarded
ond highest
to
offer was a
premium
submitted by Zion's Bank
Trust Co. of Salt Lake City. '
Cowlitz County
and
which
yielded an additional $181
millions.
provision under which
the city may increase the amount
of its levy over the 15 mill limit
authorized
when
do
to
by
so
Files
Committee
^Bondholders'
which continues as follows:
mittee are
$9,000 more
matures in 1944, $34,000 in each
of the years 1945, 1946 and 1947,
and $25,000 a year for four years
thereafter. The last of the water
bond maturities is due in 1955.
It will be recalled that when the
village, previous to consolidation
with the town, acquired the water
Post"
to reduce expenditures sub¬
stantially and to provide other
sources
of revenue to eliminate
outlays necessary to keep its
recurring
In
preceding
deficits.
cash
,1931,
year
just
enactment of the Tax
The levy for 1942
$5,534,000—less than 50% of
same
well
tax
fact
that here is
war
production
Wash.
City Clerk
will receive sealed bids until 7:30
facil-
bonds
are
dated
repairs where heavier out¬
lays would have proved
•economical in the long run.
Tax
more
of 4%,
heavier
considerably
United
States.
one
of the great
centers
Seattle
of
is
one
the
of
1
cussed
Amendment
Limit
By
Comptroller—As
Dis¬
159,
pre¬
Feb.
17 for
the
purchase of $107,000 not to exceed
interest coupon general obli¬
2%
school
refunding
March
gation
1,
bonds.
Associates,
services
a/ price of 100.76,
and the same firm, bidding alone,
obtained the sewer bonds on a bid
of 100.67. In connection with the
"moderately
the
7
M-S.
1944.
Interest
of 97.00,
price
a
follows:
as
1950,
in
$37,000
15,
7«
-7
>•
$39,000 in 1951, $40,000 in 1952,
$41,000 in 1953, and $43,000 in
1954-
bonds/]
3%% refunding
price of 97.00, a basis of
about 4,006%.
Due April 15,
375,000
at
-
y
a
as
follows: $32,000 in
1955,
$33,000 in 1956, $34,000 in
1957, $35,000 in 1958, $37,000
in
success¬
1959, $38,000 in 1960, $39,in 1961, $41,000 in 1962/
$42,000 in 1963, and $44,000 in !
000
1964. /
in con¬
borrowing of
of )
basis
; a
Due April
3.932%.
about
refund¬
were
The
"The
City
details pub¬
them.
Commissioner said:
interest rate on
average
present outstanding debentures is
4.9%. It is expected the average
interest rate on refunding deben¬
tures, will
ments instituted in 1943.
WEST
under way and
lished might damage
be substantially
"In order to carry
less."
out the pro¬
posed arrangement it is necessary
to obtain certain charter amend¬
VIRGINIA
Kanawha County (P. O. Charles- ments. The general powers of the
offering of the bonds, City Comp¬
charter with regard to borrowings
'
ton), W. Va.
$1,000.
Due
troller W. C. Thomas commented
provide only two methods of re¬
:
Bonds Approved — An issue of
$5,000 in 1945 to 1947, $7000 in in
part as follows:;
/'
payment of debentures — equal
1948 to 1951, $6,000 in 1952 to
$3,000,000 airport bonds voted at
annual payments of principal and
The Legislature of the State of
1955, $5,000 in 1956 to 1959, and
the election held in November,
interest during the period deben¬
by
adoption
of
$4,000 in 1960 to 1964. The School Washington,
1943, was approved by the Attor¬
tures run, and payment at the
the
Board reserves the right to call by Initiative Measures, limited
ney General's Office on Jan. 14.
end of the interest period.
tax rate for cities and towns to
:"
lot after 10 years from date any
15 mills for all general govern¬
McMechen, W. Va.
or all bonds outstanding.
Rate of
BRITISH COLUMBIA
mental
services, including debt
Confirms
Report
that
Ordi¬
interest to be in multiples of onewas
Passed—The
City
tenth of 1% and must be the same service; provided, however, that nance
British Columbia (Province of)
the City may levy in excess of Clerk confirms the report that the
for all maturities. In no case shall
Bond
Sale—The First Boston
15 mills for debt service on bonds
the rate of interest exceed 2% nor
City Council on Dec. 29, passed
Corp. and A. E. Amew & Co., as
shall the bid be for less than the issued prior to Dec. 6, 1934, and an ordinance calling for an issue
head of a syndicate composed of
for Firemen's Relief and Pension of
$12,000
not
exceeding 3%
par value of the bonds. Principal
Local
Improvement swimming pool bonds to be sub¬ Smith, Barney & Co., Harriman
and interest payable at the Peo¬ Fund ; * and
Guaranty Fund, both created by mitted to the voters at the elec¬ Ripley & Co., Inc., Wood, Gundy
ples National Bank of Leesburg.
& Co., Dominion Securities Corp.,
enactment
prior
to
the tion on Feb. 1.
Dated May 1,
Bids to be for all of the bonds and State
and McLeod, Young, Weir & Co.,
of the Initiative Tax 1944.
Denominations $500.
Due
must
be
unconditional.
Bonds adoption
have arranged for pirvate place¬
Limitation Measure.
May 1, as follows: $3,500 in 1945, ment of
may be registered as to principal
$3,000,000 2Vz% refund¬
In 1942, an important amend¬ $4,000 in 1946, and $4,500 in 1947.
only and will be delivered to the
ing bonds. Dated March 1, 1944.
ment to this tax measure provided
purchaser on March 1, 1944, or as
Due March 1, 1947.
soon
thereafter
as
is
possible. that principal and interest re¬
These bonds carried at the election quirements for bonds issued for
Chapman School District, B* C.
Dated
.7 '
■
Z%%. refunding bonds, at
200,000
"validate certain by-laws
with
v/-;,...,
!
Among a proposed list of char¬
ter
amendments, is
one
which
would
ask
the
legislature
to
nection
:
.
$23,000 in 1946, $24,000 in
1947, $25,000 in 1948,
and
;.,7 $26,000 in 1949. ;7>7.
y
7
Dated Feb.
1, 1944.
"
/
;
$120,000 3% refunding bonds, at j
a
price of 98.00, a basis of
about 3.637%.
Due April 15, 1
as, follows:
$22,000 in 1945,
ful," but that any refunding would
have to be done piecemeal, "a lit¬
tle at a time."
-
Co.,
follows:
according to Canadian press ac¬
counts declared that the discus¬
were
&
of Toronto, L. J.
Ferrie, City-Clerk-Treasurer, re/<
ports that the bonds were sold as';
ing the municipal debt of approxi¬
mately $22,400,000. The Mayor,
sions
j
of the
$695,-'
(not $875,000) bonds to Har-
rison
present to the Alberta legislature.
Mayor Fry and other city officials
are
reported to have recently
conferred with financial interests
in Toronto and Ottawa on
sale
the
...
connec-
bonds
der
are
on
callable
.
in
All of said
reverse
or¬
30 days' notice at par, plus
interest.
accrued
aggregated $4,-
p.
at
000
with
.
In
222,640 in 1942, the last fiscal
endar year. The Business and
,
on
Edmonton, Alta.
tion
—
$1.7 millions for the purposes of
QUEBEC
cal¬ buying in certain outstanding de¬
Cap de la Madeleine, Que.
bentures and issue other deben¬
Oc¬
Bond Sale Details—In connec¬
cupation Tax, Amusement Tax, tures at lower interest rates."
this
is
the
first tion with the sale of the $35,000
city's portion of State Liquor Tax Apparently
31/2%
improvement bonds,
the
and apportionment of State Aid "piecemeal" step. The mayor re¬
City Clerk reports that the bonds:
Fund, all effective for a portion fused to discuss any details of the
were sold to La Caisse Populaire
of the year 1943, will add ap¬ refunding/saying negotiations still
ernmental
264, the proximately $1,500,000 to reve¬
VIRGINIA
city effected the sale on Jan. 12 nues shown for 1942 and the total
of
$2,795,000
iy2%
refunding revenues for the year will exceed
Loudoun County (P. O. Leesburg),
the current general governmental
va.
vv::. 7//7.y;v. bonds, due from 1946 to 1959 incl.,
and $50,000
;
.
!,
1%% sewer bonds, requirements.
Bond Offering — O. L. EmerIn 1944, the city will have the
maturing from 1946 to 1964 incl.
ick, Division Superintendent of The
refunding issue was
pur¬ advantage of a full year of opera¬
Schools, will receive sealed bids chased
by Blyth & Co., Inc., and tion of the new revenue enact¬
viously noted in y.
Mimico, Ont, 7
Bond Sale Details
Partial
Plans
price of 98.57, a basis of about i;
Due in 1944 to 1958.
a
3.20%.
Refunding—Pos¬
sibility that Edmonton, Alberta,
may refund $1,700,000 of its out¬
standing debt is indicated in a
proposed list of charter amend¬
ments which City Council
will
on
The
7 heretofore
demanding a minimum rate
population group and are
below certain of them with
property
burden, notwithstanding the
a
Bond Offering—The
inclusive.
have
Bondholders
been
and it is said that this is
the 1931 figures. Seattle's general the reason why numerous earlier
operating costs now compare fav¬ attempts to settle the Alberta debt
orably' with other - cities in the probably have been unsuccessful.
was
,
Dayton,
curities Act interest
Limitation certain exceptions.
$11,114,000.
was
at
bring it up to that rate.
Under
the terms of the Provincial Se¬
Law, the city's property tax levy
March 1, 1939 and should be pres¬
ities at the high point of efficiency
ented for payment at the City
and preserve the value of its as¬
Treasurer's office or at the fiscal
sets; whether it has not yielded
to the temptation to make tem¬ agency of the State of Washington
in New York. City. / —y'Lv./-y
a.m.
Leaside, Ont.
Bonds Sold—An issue of $70,000
improvement bonds was sold to .
J. L. Graham & Co. of Toronto,/,,
v
accruing after
the June 1, 1936, has been payable
the at one-half the coupon rate, with
the principal ports of embarka¬
Feb. 11 for the purchase tion. The Boeing Aircraft plant
.system
in 1925, bonds to the
is located here, and shipyards and
of $50,000 not to exceed 2M>% re¬
amount of $550,000 were issued.
Dated March 1, other plants producing war equip¬
Thus over a period of 10 years funding bonds.
Due ment.
Brattleboro has more than cut its 1$44. Denomination $1,000.
To
meet budget requirements
March 1, as follows: $3,000 in 1945
bonded debt in half, and a good
for general governmental depart¬
to 1951, $4,000 in 1952 to 1957, and
part of the credit for this accom¬
ments
and
purposes,
city, has
plishment belongs to the local $5,000 in 1958. Bonds maturing in
1956 to 1958 shall be redeemable found other sources of revenue to
Taxpayers Association, which cor¬
rected a trend that up to its or¬ on any interest payment date on supplement the property tax. Im¬
and after March 1, 1947.
Princi- portant among these are Utility
ganization in 1932 was in precisely
pal and interest (M-S) payable at License Tax, Business and Occu¬
the wrong direction.
;
pation
Tax,
Amusement
Tax,
There is some question, how¬ the City Treasurer's office.
Sewer Service Tax, Parking Me¬
ever, whether in its zeal to get
Seattle, Wash.
ter Revenues, State grants—por¬
out of debt and at the same time
Bond Call—H. L. Collier, City
tion of proceeds on liquor sales,
keep down tax rates the town may
Treasurer, calls for payment on liquor tax, gasoline tax and State
not have neglected to maintain its
March 1, 1944, emergency funding Aid
Fund.
The total revenues
"plant" at full operating efficiency,
bonds 1938, Nos. 496 to 3290, both
other than taxes for general gov¬
whether it has not skimped on
10
;
satisfactory,
sary
depositing bondholders," who
are
required to file their objec¬
tions thereto, if any, in writing,
to the depositary within 30 days
after Jan. 22, 1944.
p.m.
until
"Financial
Canada in its issue of
22 states that it is reliably
of
but the enactment of the tax
to inspection by
open
been
300,000 3% improvement bonds,
Due in 1954.
y
•
of Alberta have been worked out.
lim¬ The plan, it is stated, will call for
itation legislation and the sub¬ the exchange of outstanding bonds
stantial reduction of the city's as¬ for new bonds hearing 3%% and
sessed valuation made it neces¬ adjusting past due interest so as
has
taxes
rem
all
Of the town bonds
porary
Refunding Plan—The
a
majority of the elec¬
1948.
in
Due
(Province of)
Alberta
'
improvement bonds.
"800,000 3%
'
ALBERTA'
bonds
v
1953.
Due in
,..'/,7
y.;v
"
240,000 2%% improvement bonds,
;;
Due in 1954.
/
tors
of the
city voting on the Jan.
Consolidated Dik¬
reported that the main details of
proposition at a special election.
District No. 1,
Collection of the city's ad valo¬ a refunding plan for the Province
Reduced Report—Holders of certificates of
In Recent Years—When the town deposit issued by the First Trust
paid the $32,000 bonds that ma¬ Company of St. Paul State Bank,
tured on Jan. 1, 1944, its outstand¬ St. Paul, Minn., for bonds of the
ing bonded debt was put at $505,- district under a Bondholders' Pro¬
000, in contrast to the figure of tective agreement dated Aug. 20,
$1,014,000 as of Jan. 1, 1934. At 1935, are advised that on Jan. 17,
the time there were outstanding 1944, the committee filed with the
town
bonds of $462,000, school bank, as depositary, an account
bonds
of
$88,000 and $458,000 for the calendar year 1943 of its
water bonds.
Now the total debt receipts, expenses, and disburse¬
relating to
or
affecting
includes $211,000 town bonds and ments
$294,000 water bonds, according to bonds deposited under the agree¬
The accounts of the com¬
the Brattleboro "Daily Reformer," ment.
c
;
excess
follows:
as
taxes, $200,000 2% % improvement bonds,.
profits
come
contains a
three-fifths
Greatly
Debt
Assessor in Oc¬
by the
tober, 1943, would require a levy
of 1.03 mills.
7
The Tax Limitation Initiative
Wash.
Vt.
Brattlehoro,
certified
divided
$274,978,316
2.87%, $1,540,000
yield
to
the City $1,630 millions to $1,962 millions,
the chief increases being in in¬
on
ing Improvement
VERMONT
Bonded
$282,275, which,
assessed valuation of
WASHINGTON
of $840,
&
be
Monday, January 31, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
Other
at
99.60.
La
Corporation
bidders
dePrets,
were:
Quebec;
at
98.76, L. G. Beaubien & Co., at
98.60, Banque Canadienne
Na-!
tionale, Montreal at 98.03, and
Wood, Gundy & Co. at 96.00.
Granby, Que.
Bonds Sold—The Canadian Na¬
tional
of
Commerce, of
said to have pur¬
chased recently $12,500 semi-an¬
nual improvement bonds as 3s at
Bank
Montreal,
is
-
Denomination
.
7,?.7
paLy\vV..//v,y:;
.... .
' '
,
on
Jan. 18,
to
164.
1944, by a vote of 483
H. Hall, Esq., of
Stilson
capital purposes could legally be
over and above the 15 mill
levied
Leesburg, attorney for the School
limit.
Board, will furnish an opinion as
to the validity of the bonded in¬
debtedness
together with tran¬
script of all necessary records and
proceedings relating thereto, and!
no
bid providing for any other
opinion will be considered. The
County is legally obligated to in- 1
elude annually in the County levy
effective December 1942.
upon
lawful subjects of taxation
in said County a sum
ficient to
and tax suf¬
provide for the payment
This
amendment
became
Including this issue, there will
as of March 1, 1944, a total of
$3,404,000 bonds issued since Dec.
6, 1934, which are to be"* serviced
be
within the 15 mill limitation. The
total
principal and interest re¬
quirement thereon in 1945, when
the
last
maturity
on
one
of the
issues will be paid, will be $377,-
,
Bonds
Canada (Dominion of)
Sold—James Richardson
SASKATCHEWAN
Grafton
Catholic Separate
Roman
School Dist. No.
Bonds to
Gleason,
nounces
District
that
terms of an
—
pursuant
school
the
agreement dated Sept.
Board
representative
Bower,
of
holders
an¬
to
Trustees for the District and
S.
J. J,
Treasurer,
between the
1943,
10,
13, Saskatchewan
be Redeemed
bonds
of the
the
of
of
Perr>
saio
district, the District Boarc
of Trustees has elected to redeem
and
pay
off
on
bonds numbers
issued
and
under the
that
entation
March
1944
said agreement
accordingly,
and
1,
1, 2, 3, 4, 5, and 6
upon
surrender
of
pres¬
sue!
bonds with all unpaid coupons ap-
Winnipeg, recently
Yearly Costs Greatly Increased
purchased
$30,000
5%
school pertaining thereto at the Bank o
—The Toronto "Financial Post" of
bonds, due in 1963.
Montreal, Regina, Sask., on Marcl
Jan. 21 reported in part as follows:
2, the Board of Trustees of the
The Dominion Government expen¬
MANITOBA
said school district will pay th(
ditures reached $3,822 millions in
the period from April 1, 1943 to
Winnipeg, Man.
principal amount of such bond;
Dec. 31, 1943, as compared with
Bonds Sold—A syndicate com¬ with accrued and
unpaid interes
$3,060 millions spent during the posed of Nesbitt, Thomson & Co.,
same months of 1942.
Most of the of Montreal, Burns Bros. & Den¬ to March 1, 1944, and that afte:
&
$761
millions
difference
is
ac¬
counted for by increased war ex¬
Sons,
ton,
Bartlett, Cayley &
R. A.
amounting to $699
080; thereafter, the maximum re¬ penditures
Revenue
rose ■ from ly
quirement in any one year will millions.
of
Daly, all of
Co., and
Toronto, recent¬
purchased at a price of
100.3011,
the date so fixed for redemptior
the bonds shall cease to bear fur¬
ther interest.
,
@FedFRASER