The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Final* Edition
In 2 Sections -Section 2
ESTABLISHED OVER 100 YEARS
7x e
an
Financial
d
Chronicle
Reg. tf. S. Pat. Office
Volume 163
Number
New
4460
York, N. Y., Thursday, January 31, 1946
Calls President's
Observations
Budget Misleading
Senator Bridges^ Ranking Repub¬
lican ' on
Senate Appropriations
By A. WILFRED MAY=
v
•
Committee, Says It h
A
Master¬
a
Price One Dollar This Issue
The Year Ahead
Not .for many years, if ever, have so much time and
effort been spent in attempts to peer into the future to
see what a
coming year is likely to bring forth. Seldom,
if ever, have forecasts been so
abundantly and so recklessly
placed before the public.
Not since: 1919 have we been
so beset with labor difficulties.
The better part of two
decades has elapsed since so many forecasts of such" im¬
,The new President of the United States, in strong contrast to Mr. Be Balanced.
mense economic
good fortune have been heard.
/Roosevelt, has little political support of a personal nature, and is with¬
Never,
Senator Styles Bridges (N. H.),
out the magnetic personality or ability to gain it. Hence he now must
not even in 1933, has our future been so
completely in
ranking;/Republican member
buy votes in wholesale lots—and where outside the unions does such
our own hands—or, at all events, in the hands of the
of
the
Senate
policy¬
Appropriations
:'a ready-made juicy source of ballot-supply exist? Moreover labor's
Committee, reflecting the views makers and political managers in national affairs. The year
battle was timed to precede the post-war termination of the govern¬
The opinion has been widespread that in the
timing of its giant
piece of Deception and Blueprint of
/offensive against industry the CIO showed bad strategy; because of
'the corporate tax situation and other reasons, but there are numerous Waste. Holds Deficit of $4 Billions
.factors that contradict this and validate the ACTION of the unions. Is Unwarranted and Budget Should
ment's
of the Minor-
,
/
1946 will be what
.
powers."These extraordinary authoritarian powers are
ity, jm a state- fiipi
serve the collective purposes of both the unions and the
ment
issued
: Administration; and equally important, the public has become used to
January
28,
/them.
And visra-vis Congress.- in addition to the factor of the:imn
termed the
portant 1946 elections, it was wise to force a showdown before the
President's..
potential moves for overall legislative reform of the labor situation
Budget and
; should have an opportunity to get under way. <
* .
•
M
war
p |
available to
-
^
long-term
*
past
of
the major responsibility for the current'
situation is a moot question.
President: Roosevelt was committed to
and
for
Over the
the twin
f
print
waste of
o r
-
tax¬
funds."
*
r
"statistics
issued by government agencies.
were
Then
came
his fact¬
issue
re ct
•
•
t
Se"-
„•• ■
■■
y
finding proposals, with the boards' handing-down, decisions in lieu of
5"
objective reports of the facts. As of 1946, Mr. Truman is most effec¬ ment that "the public debt is ex¬
tively furthering Union purposes along political rather than industrial pected to decline," Bridges said:
lines.
In the sphere of definitively settling the present strikes, the
"Instead of declining the net
state-
.
•
/President himself has actually made it most difficult for the union
public debt actually will increase
leaders to engage in real collective bargaining. How can labor lead$15.1 billion during the next 18
ci's. even if they were so inclined, possibly lead their men to a wagemonths.. The basis for this con¬
'
than the figure broadcast
-
f
by
and that, more
readiness to
tell business
^ ;
/
The American System'
v ; -) /V;. /
! »,We may let it be known in no uncertain terms that
we want to return to our traditional American
system now
that peace is here, our system in which the initiative is left
to the individual who is
expected to generate his
own
steam
and who must look after himself; in which natural forces
given play with only such limitations
are
(Continued
clusion is the Budget itself.
The
President made every effort to
on
page
as
are
really
616)
And with respect to
the general labor outlook, the possibility of have taxpayers believe that the
effective legislative amendment of our labor laws is no: doubt effec-: Federal * Government will grow
tively nullified by the President's veto power.
financially stronger during the
-
*
as proper
;':v
•.
with the. Pres-:
Ident's
settlement less advantageous
the President? ,/
more
Taking ' di¬
'
Mr* Truman's activities. He vigorously affirmed that wages can be
5 raised while prices are frozen, in support of which thesis various
exact and
precisely what they should do in this or
that situation, more and better deficits, more stringent re¬
strictions on natural forces, more tinkering with the money
market, and more of all the things that the New Deal man¬
agers always are itching to do—we may clamor success¬
fully for all this arid later rue the day .
payers' and
bond
buyers'
'
more
and labor unions
t i nued
con
practice of encouraging labor monopolies, while conducting a vigor-'
| ous and continuing offensive against industry. He gave his support
j to organized labor in exchange for its votes more and more openly,'
climaxing in the CIO-PAC domination of the 1944 Democratic Con-!
vention and Election.
More specific in the wage situation have been
.
this
control of
.bluer
a
make it. * To be
We may, if we choose, clamor with ever more insistence
"strong, bold action" in the: White House/ for more
/
"a
iec e
deception
essage
master p
Whether the Administration—New Deal and post-New Deal—or
7 the labor leaders, should bear
.and probably recurrent strike
we
explicit, this year of our Lord will be for us precisely what
the Washington authorities
permit it to be-—and what they
permit it to be will depend upon what they hear from the
rank and file of the people.
•'
,
,
next
months
18
of
his
From
adminis¬
in the labor situation, now tration.^ It will ih fact become
coming to a head, exists in the extent of strikers' eligibility for gov¬ dangerously weaker,"'
ernment 'insurance^ benefits. Their qualification' for "such payments
Official Debt Figures
varies pursuant to the laws and administrative policies of the respec¬
tive states. In New York strikers must now waif seven weeks before
Supporting his charges, Bridges
getting insurance benefits, but the CIO is this week vigorously pre¬ cited the following official fig¬
senting to the legislatures bill to make strikers immediately eligible ures from the 1947 Budget as sub(Continued on page 617)
for unemploymentbenefits, which amount to a maximum of $21 /per
Washington
One of the most important issues
Ahead
-
>
(Continued
on page
617)
GENERAL CONTENTS
The
613
Monthly Range of.Prices
Bond' Issue
and
•.
,*
Stock
on
oh
Transactions
'
New York Stock Exchange in 1945 621
.
New York Stock
Course
Exchange
,
of.
Prices
which was followed by his ascendancy
And the widely accepted story was that he was
>>-
Big Industry's
for, Government
Securities During 1945............ 640
contact in the
municated
White
Special Features
Monthly Range Of Prices
ON THE
Ahead
Year
Back in the Coplidge days, a Boston business man, "Frank W.
:
to the White House.
Page
*
,
v
Stearns, used to sit around the White House all day long. - It is not
of our knowledge that he ever once gave Mr. Coolidge an idea or told
him what to do.
But he had been instrumental in Mr. Coolidge's
election to the Vice Presidency
Editorial
-
anything to say,
that
House,
good
they had
their
/man
right there to
tell
SECTION
contains
a
tabulation
showing the
high and low prices, by months, for the year 1945
of every bond and stock in which
dealings occurred
on the New York Stock
Exchange.. See. pages 621 to
639.
Course of prices of Treasury bonds, by months,
throughout 1945, is shown in table on page 640. -
,
Ahead
of \ the
News
r
613
Observations"..............
Mr.
Coolidge
from
day to
About
613
641
.
and they
have
we
if
termine
he
told
Mr.
said,
ever
of
Trade
General Review
was
Weekly Carloadings.
Paperboard Industry Statistics..
m
Weekly Lumber Movement.....
Business and Finance
^
on
after the turn of the year start
page
The
ers,
4
Carlisle Bargeroit
'
v
,
without the ken of those of
us
wh<
of fact, we
there
was a man lost, with time on his
hands and serving no useful pur¬
pose, it was Mr. Stearns.
But he
was a symbol, so to speak, of the
fact that industry had the leader¬
ship of the country.
*,
Weekly Crude Oil Production......
642
*
642
Market.,....... 642
Weekly "Her*" j* o^tnut...
W
fevered tKe White House in those
Weekly Steel Review.'............... 620
Cotton
it
in¬
lead¬
643
Moody's Daily Commodity Index..,. 619
Non-Ferrous Metals
our
.643
Weekly Coal and Coke Output,.;-
'
message
from
dustrial
Fertilizer Association Price Index... 619
541 of the First Section of today's issue.
.
.....
619
Spinning Figures for December 641
and what was
significance of
this, it
^eems to this writer, has escaped
general appreciation. As to just
What Mr. Fairless had in mind,
we are not prepared to say.
But
official
Washington,
including
Mr. Truman, has interpreted it to
mean that this group of represen¬
a
641
Weekly Engineering Construction... 641
trying to do
anything, ever
I
passed
643
.
group of industrialists
could sit down and de¬
what the Government
best for the Government to do.
641
,
suggested
Co o1idge
on
,
Commodity Prices, Domestic Index
Opinions of Leaders
he
sentative
As
619
State
which
wanted.
even
r
in
address
618
Trading on New York Exchanges,.. 641
"
had
that Mr. Truman call in a repre¬
,
NYSE Odd-Lot Trading
'
they
Mr. Mellon,
Old
Industry
Banks and Trust Cos..
Moody's Bond Prices and Yields.
Items
when
was
day just what
Regular-Features
Fromv Washington
with
Andy.
"Nevertheless,
Mr. Stearns typified the indus¬
trial leaders' ascendancy over any;
labor leadership of those days.
This is by way of calling atten¬
tion to Mr. Fairless' recent, radio
'
THIS
[News
of
By/CARLISLE BARGERON
*
days.
♦
As
a
matter
used to consider that if ever
Their man,
the
one
they com-
tative
industrialists
would
not
simply discuss the Steel strike but
question of how the
Government is doing, what should
the: broad
be. done for the betterment of the
country, just what a broad gov¬
ernmental policy should be.
In short, rightly or wrongly,
(Continued on page 615)
y.-
'#X.
//i'/
.': ■'
'
Wmm''
■'■ y
and
Balanced in 1947
Wants Budget
Congress for Declaration of Policy
Wants Annual Retirement of Debt.
Senator Byrd Also Calls Upon
to Limit Debt to $275 Billions.
ing
a
..;/
,
.
.
'
im¬ ancing the budget and beginning
ah annual retirement; on the pub¬
the
lic debt.
of an act
.which. would
decrease t h e
age
The President estimates on
July
1, 1947, that the debt will rbe 271
limit
of"ttie billion dollars after applying cash,
The debt should and
national debt reserves.
from the pres¬ must be held to a maximum of
ent amount
tention pn; this vital questiop and
the same time to enable^Con-
$.3 0 0 billions
to /$ 2 7 5/bil¬
lions.
at
text
to ending
Of deficit financing,
today introduced : a bill
gress to lead
the long era
:/://;
The
In order, to focus at¬
275 billions.
of
of
the
way
Senator Byrd's
I
statement fol¬
which
lows;
legal over-all debt from 300 bil¬
lions td 275 billions.
This figure
In his mes¬
"It
«
»
is good to
would
be
the present
reduce
adequate, in accordance
with the President's message, un¬
til July 1, 1947, with a margin of
President
21,
Truman said:,
will
January
sage
have
.
move,
four billions for emergencies."
toward a
r
the
balanced budget and a start on
1
; ;
billion
The debt limit of 300
,
established
had
than
"While
://£/:/; ',/?/?
December
employment
yet available in de¬
tail, all indications point to-a con¬
tinued rise in non-agricultural emdata
Spending has
rate
of
day,
income <of
taxes
at: the
■annually
rate
of
$7,000,0*0,OQO?/
said
of
their
industry as a whole operated at an
estimated 4.9% of capacity, which
a
/
•week./;///
metalworking .paper, in its
review of the steel trade the
past
was
year
a
Government advisors, the maga¬
.fabrication
plants, part of the
aluminum
industry, and others
were vitally affected by the steel
savings,
war,
tional
reported to be the lowest since
1893. Basic steel producers, some
people
at the
dropped
■'People are" beginning to spend
portion
:
; Drastic Reclines occurred /during the \veek: in. the' ohtput of the
various steel mills and the steel«~
though the
even
has
large
backlog of orders and shipments generally, continue to be shrouded
with uncertainty.r < '
"
; >
up
the :Americ<?ai
after
■
gone
$3,000,000,000
V-J
since
;;: / The level of overall industrial production Was sustained the past
week notwithstanding the hampering effects of severe
labor strikes
in several industries. / Manufacturers for the most
part report a
not
are
balanced tmize all expenditures and save
every possible dollar towards bal¬ ;fdQyment."
mediate pass¬
Harry F. Byrd
faster
expected. / By mid-No veinber—only ninety days after the
end
of
the war—the transition
drop had been reversed and a
budget in 1947
and
recovered
Thursday, January 31, 1946-
been
decided rise had set in.
Byrd (D.-Va.), who has beenadvocating economy
in the Federal Government for several years past, issued on Jan. 25 a
Senator Harry
statement u'rg-*v
'*' V:!!.':
COMMERCIAL & FINANCIAL CHRONICLE
THE
614
;: '7:''
the
report, and instead of
saving $3 out of every $10 earned,
are putting away only $2. //'/'
Wholesale
prices
have
been
creeping; /upward more rapidly
than in any similar period since
1943, Snyder noted. - Liquid as¬
sets in the hands; of / individuals
and business total $220,000,000,000, which, if improperly handled,;
can
"become a charge of dyna¬
mite exploding under our/price
zine
said, .were toying with two
principal methods of attack, the
more immediate one
being a lib¬
eralized
pricing / policy, / The
strike.
.
/
brighU spot., iri the week's
afforded:industry by the
A
announcement
on
that both Ford and
effected
at / both;/
dollars
was
-
proved
longer
Walter P.
structure
Reuther, Vice-President
of the
V The Reconversion Director also'
UAW, ' CIO," asserted
that the
saw; inflation psychology in tne
strike?/against / General / Motors
"growing
business / expectation would continue-"until a |ust set¬
that effective price control will tlement is reached."
end
and prices will rise."
He
The settlements arrived at by
added:/ "Such an atmosphere is Ford? and? Chrysler, in the eyes of
contagious.
The expectation/, of Administration
officials,
estab¬
inflation
immediately, becomes lished a "pattern" which might
one; of
jits direct
contributing have wide application and they
dollars,
which
have
existed lor eighteen years.
r.
cordance
scru-
estimate.
deficits
Congress
must
careluuy
as
of July 1, 1946 in ac¬
the
President's
with
•
•'
<
what it is, a disastrous boom could
if an inflationary buying
rush
*
v
were
our
only
Reconversion Director, on Jan. 21; submitted his
John W. Snyder,
sufficiently to balance de¬
If people
thought that
price control would end at June
36, compliance1 and enforcement
crease
mand.
year-end report to the President and Congress, in Which he indicated
that production of civilian goods is now at an annual rate $20,000,000,- would deteriorate
,000 greater than it was 4 months ago, and strongly advised that price ■fore that" date."
controls and rising production be used as means to divert the threat
of inflation in the country.
Mr. Snyder was unable to predict just
production
industrial
when
and?:■.///■/•■.,■,;■■. to be freed in the next half year,
along with newly discharged gov-:
ernmental and war plant workers.
-
public
demand
for
consumer
goods might be equalized. Urging
continuance of the price control
act
beyond its expiration date,
the reconversion head declared,
fair."
according to the account of the
report
given from Washington
sist.
Coal—"Supply
-
total, of
where
™
^
smothered by
need, according
with
inflation
"a steady stream of
goods."
Mr. Snyder went on to say, ac¬
cording to the Associated Press,
that labor strife had delayed the
start of some important produc¬
tion lines, but that the high out¬
put of cars, refrigerators/ washing
hw*
have
aih
Komi
hv
not
been achieved by
time, in any case."
In 73
pages
the report forecast what
1946 would bring in these vital
/fields, said the Associated Press:
this
Food—Americans may eat more
in
the
record year 1944,
than
when
consumption
was
11% above
the pre-war average.
Housing—"Our
most
serious
start
Private building will
"the fastest upswing in its
history," but demand will be
eral times greater than
construction supplied.
the
sev¬
new
-
Jobs—Business cannot expand
quickly enough to absorb in the
near
future the
4,500,000 veterans
.
will
cotton
per¬
goods
by 20 to 50%.
the 1939
$40,000,000,000 in sales
the
exceed
1945
laid the physical basis for such a
volume, topped only in 1929.
Agriculture—To safeguard farm
income, Congress should author¬
"direct
payments to farmers
necessary," instead of the
present /method
of
talked
„
supporting
necessarily,
industries
other
a
varying
series of fresh strikes.
over.
only other alternative for
the Administration, if it wishes
to play a major part in stopping
the strike, says "The Iron Age,"
would be seizure of the steel in-*
dustry. Such an action would be
fraught with danger for the Gov¬
ernment
sarily
and
or
would
not
neces¬
the strike would be
mean
settled
that the entire problem
would not be reopened again at a
later date.
I
' ■
The serious aspect of the strike
which has caused the steel
oper¬
ating rate the past week to reach
its lowest recorded point is that
both sides
from
now seem
farther away
agreement than at any
since demands weremade
an
i time
•,
"bait" of
The
A
January business aurvey; rer and rejected,
leased the past^week by .the .Nar3arring an funsual
be'-;
Association
tional
'
of
Purchasing
development
.from
steel
price
Washington,
Agents and prepared by a com- the ! magazine believes that the
mittee of which George E. Price, u. S. feteel Corp., an important
Jr., purchasing agent of the Good¬ part of the solid front presented
year
Tire
&
Rubber/ Do^;/of by the industry, would not go any
Akron// Ohio, | is / Chairman, ob¬ higher than its 15c. an hour offer.
Iselin Becomes V.-P.
Of Bank of
in
-
a
Virginia
served that in the face of an un¬
The
steel
union
having once
steel strike and
kinds, a creeping paralysis of having accepted President TruN. Iselin, manager of, their New¬
industry caused by labor disputes mah's
compromise
offer
after?
port News branch, from Assistant and strikes is limiting
production having stood firm on its 19.5c. an
Vice-President to Vice-President. to
such an extent that any cur- hour demand is in no position at
Mr. Islin, a native of Newport
rently accurate statement on gen-1 this time to give ground.
It will
News, joined the Bank of Virginia eral * business conditions in this
attempt to win its fight by keep¬
(then the Morris Plan Bank of
country: is extremely difficult.
ing the / mills / shut / down ; and
Virginia) soon after graduating
According to its findings, busi¬ adopting the same principle as the
from the College of William and
industry—an
appeal
to
public
ness activity in some sections and
Mary in Williamsburg in 1925. In
industries: is at a high level and opinion/by? radio and press. ■> >, [
1935, he was transferred to .the
It is brobabie, "The Iron Age"
would continue to expand if men
main
office
in
Richmond
as
and
materials
were
obtainable, continues, that in the near future
Assistant Cashier.
In 1943,' he!
the U. S, Steel Corp/ or another /
went to Roanoke as Asistant Vice- As several major industries now
President and Cashier of that of-j are completely tied up by strikes, steel producer may cancel its
fice, and returned in July, 1944, to the distribution of their products ■union / contract: / ? Sucli; an/ action 1/
Newport News as branch manager. has stopped and manufacturers in would be followed by other steel
Steel
firms
have
Louis
Reekes
and
Paul
H. all sections will necessarily have companies.
taken the position that the cur¬
Brame, formerly Assistant Cash¬ production operations ■ curtailed
/
The Bank of Virginia has /an-5
nounced the promotion of Edward
limited
demand
for
of
materials
postponed / the
all
,
.
prices.
iers, have been made Assistant
More food will be available this Vice-Presidents. Mr. Reekes
joined
year than last but shortages will
the bank's Richmond ' office in
j. persist through the early months 1941 after 15 years in the invest¬
/
^t least on butter, sugar, pork,
panned fish and the better grades
of beef and veal.
'
From/the Associated
Press
economy, Snyder
I said» observing: "The nation which
cadent
called
a
soft and de¬
democracy has proved it-
self young and vigorous/ not
only
in battle, but also in the strains
and shocks of economic
readjust¬
ment.
services
an
On
was
been
In
Reconversion has given a new
test and proof of the toughness
our enemies
ment and sales finance fields. He
V-J
were
Day goods and
being produced at
anhual rate of
elected
January,
we
also quote:
'
$200,000,000,000,
nearly half of it for
shortage."
:
double
machines^ancfother durablTsoods of.*,he American
•VnniH
'could
,
Automobiles—The industry ex¬
pected, before the strike, to make
4,000,000 cars this year, and has
-///■/■■'/'
the basic
-
record.
ize
was
for
and! thus/ far
former
tion
Demand
/ Trade—May
The report stated that unem¬
ployment and/ inflationary pres¬
sure might hit their peak simul¬
taneously early this spring, the
Associated Press continued,
but
added that the estimate of jobless¬
ness
was
more
favorable than
estimates/ being approx¬
imately 3,000,000, compared with
the 5,000,000 or 6,000,000 original¬
ly anticipated. Increased produc¬
-
are
will fop supply
throughout the economic system
may
continue far ; beyond June
''
v
Clothing—Shortages
by the Asociated Press: "It would
foe foolhardy not. to recognize that
the excess of demand over supply
30."
prospects
time
some
for
of
conditions
and, if such a pattern for the set¬
tling of such wages disputes were
forced upon them, it may result
because
"Price controls remain
would hot
suitable
be
to start,
bulwark until production can in¬
Sneer's Report Outlines Economic Safeguards
and
alone
occur
limiting factor./? Reports
$6 a ton in an attempt to assure
acceptance of Mr. Truman's 18,5c,
hourly wage increase has been
5'
continuous
a
have been current that
1
1
said to have later been ap¬
by the President is any
crease
Corporation,
>
that
/.Chester
Bowles
firmly stood, nor the $4 in¬
once
by Con¬
a-time
when demand for goods is strong gress in anticipation of a longer
war
than( occurred
and 1 now
and the business outlook is good:"
should be reduced.
^:
^
/
Unless the budget is balanced
I know of nothing more vitally
^during the period of this existing
important at this time than for
prosperity it may never be bal¬
to make an emphatic
anced until America goes over the Congress
declaration of policy, fixing the
causqs:
precipice of financial catastrophe.
felt that it would hasten an acmaximum debt limit at 275 billion
The budget presented by the
"The belief that/prices will rise cord in the General Motors wage
dollars.
Such a declaration will
gives business men a powerful in¬
President, if strictly adhered to,
dispute byf inaking further ■ re;
have a strong influence towards
centive to buy, hoard inventories,
presents art approach to a balanc¬
sistance by that. company; diff 14,
fiscal sanity.
• >
and refuse to sell; it gives con¬
ed budget for the fiscal year be¬
cult.
Spokesmen
for
industry,
1 have introduced ' this bill at sumers a similar incentive to buy
ginning July 1,1947. It is imper¬
however; were inclined toward
ative that the budget be balanced this time in order to reduce the more than their;: current needs:
the belief that such a pattern had
in that year, putting an end to statutory debt limit to 275 billion With the volume of liquid savings?
been set for-the. auta/ industry
retirement of the debt at
meaning
.
Administrator
Congress of Industrial Organiza¬
tions, With respect to the General
Motors
ends,"
neither the $2.50 per ton increase
on steel products on which Price
Automobile Workers,
United
the
Sunday last,
Chrysler had
' agreements / with
wage
,
adds that it has been told
that the "price situation is open
paper
news was
war.
Asistant
1944.
with
the
Mr.
bank
1943, he became
Cashier
Brame
since
in
has
1929j
of the
operations of this department in
manager
the
Richmond
area.
He
was;
elected Assistant Cashier in Janu¬
ary,
1944.
formerly
Mr.
Herndon
Assistant
Dixon/
Auditor,/ has
been made Assistant Cashier, and
John
B.
Orgain, Jr., Harry S.
Shultz
and
Richard
F.
Bates
are
newly elected Assistant Cashiers.
Joseph A./ Howell, Executive
Vice-President of the VirginiaCarolina Chemcial Co., and Presi¬
dent of the Tobacco By-Products
Co., has been elected a member
"Now, although the war share
output has fallen by about of the Bank of Virginia Board of
$40,000,000,000,
total
national Directors.
•
'
■/- :■:■,;.■■/
production has fallen much less,
The • change in the name^ of the
and stands at about $180,000,000,- Morris
Plan Bank ■ of
Virginia
of
000."
/■■■/>;.//■•.;/
Similar resilience
r
".///
was
/'
-■
shown in
Richmond, to the Bank of Virginia
was
noted in
our
employment: ;■■//
/-.' [page 55. Thomas
"Employment has. dropped .less President.
issue of Jan. 3,
C. Boushall is
by the resulting shortages.
-
The fear of
,
/
,
rent
strike
is
a '
violation of the
production stagna- mo-strike?;-pledge ;/ contained /an
inability-to obtain present rontocts which run out5
materials is reported from all sec15- The union denies this
tions;the survey said. As sources/charge. "
+ *..■%,,■.%* ■/■ ,y,'„
of supply reduce or stop producThe cancellation of steel contion, procurement . of . materials tracts, the magazine concludes,
tion. caused by
frequently
r compels
purchasing would not only, increase the bit-J
to switch tools and pat-; terness in the present controversy,:
to
other /. producers/ and, but would present many more /
agents
ferns
where possible/to beat the estab-/points of differences. . If a settlelishment pf oirket linps bv the ment were to be made, on the basis
rempval of their equipment and of the present steel contracts, the
the? materials that have been com¬ industry fears that a new. strike
issue would- be raised upon/fts
pleted lor their orders.
?. Reports from all sections indi¬ expiration in October. The wip¬
ing out of these contracts would
cate post-war olans for production
mean a battle on the part of the
are .temporarily
stymied and, if
the
current
situation
is
not
remedied promptly, many expan¬
sion programs mav
vised or postponed.
industry to change present, provi¬
sions
;,. /
such
as
which
steel
labor
negotiations in the
can
be
resumed, the current nation-wide
steel
strike, largest in the coun-
try's history, will be long and bitter, stated. "The
based
Labor Board directives.
The
controversy
were
on
/
•
^
American
Iron
Industry—Unless the Ad¬
Institute announced
ministration finds some new basis
Steel
upon
of
maintenance
membership which
have to be re¬ War
this week the
on
and
Steel
Monadv of
oppning rate of steel
companies having 94%
of the
papa/'ity of the industry will
be 5.7% of capacity for the week
*tecJ
J beginning Jan. 28, compared with
Iron. Age," ■ na- ; ' '■ '(Continued; on page 617)
:-
f'v-'fc,
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4460
.Volume 163
proached the Swiss, asking them
to limit their watch exports dur¬
ing the reconversion period, in
response to strong pressure ex¬
erted
by the Americaq jewel
learning by Costly Experience?
"The flush of false
/not
prosperity can be detected
only in Wall Street, but in every grocery store
in the nation.
.
,
It would be suicidal for
.
our
V
-
watch
Gov¬
self
drop price controls on June 30, when
the present law expires.... Action [must] be taken
promptly because uncertainty as to future policy;
already is slowing down production because of the ;
:
"Let it be
trol
as a
clearly understood, however, that the
regards price con-:
necessary evil.
In normal times we would
now
What
had
State
made it
Another
bor and
other
by costly experience that the
law of supply and demand does not and cannot
bring conditions of equilibrium into being unless
and until' it is permitted to operate freely?
Must we learn in the same expensive way that *
there is no effectual substitute for that law of
of
makers
he ex¬
plained, but none are
applicable in
the
present case.
Asserting that arguments of do¬
mestic watch manufacturers that
Imports in recent months had been
unusually heavy and totaled 34,•475,000 during the 15. years prior
to Pearl Harbor, Mr. Bevans said
the number of watches imported
in the past was
"irrelevant." De¬
mand has been so
'
great, he said,
enough
.available to supply the needs of
the armed forces and
civilians.
'.Action of the WPB in 1943, freez¬
ing all
imported watches, Mr.
"Bevans asserted, is evidence of the
shortage.
: <
■"'
v. //''/ /
that
-
there
never
was
•
■
•
during October, last
were heavy, Mr. Bevans con¬
Imports
-year,
represented merely the
iresult of a backlog of orders and
Tias since dropped off./ At present
there is "no inventory" of watches
ceded, but
and
his
brother-in-law
Mr. Gernerazza said thlat in the
had im¬
we
ported 28,000 Swiss watches and
compared"with total
movements
imports of 34,475,000 during the
15 .years
prior to Pearl Harbor.
how /.the, .Swiss
// Asked
.
could
6,500,
Represeri tative
Knutson
his bill
introducing
in
that Swiss watch factories, "con¬
by
trolled
German-Swiss
cartel," were making timing in¬
struments for Nazi weapons with
which to
the
kill
soldiers while
our
the
the
with
against
others
import quota system is
Swiss
negotiations
not
only
cause
hereabout
embarrassment
some
of
because
view
agreement and the ut¬
good faith"
United
most In breach of
vices
Jan.
18
ad¬
Washington
the
to
the
bill
was
a
New/York
million
Department is said
to have proposed <as an/ interim
quota in a memorandum to the
Swiss Government early in De¬
cember.
The
State
Department
was said to have proposed a limit
of 3,000,000 a year during the pe¬
riod of reconversion of the Amer¬
jewel
Washington
watch
;•
"Times" went
"/• State
industry. The
to /. the
to say: " I//to •/•
to
on
the question
appeared
in
175.
page
Jan.
our
/
■.
imports
10
issue,
to '
'
Excise Tax Rate
Revision
Proposed
A bill to repeal July 1 the war¬
time increases in excise tax rates
has been introduced by Represen¬
our
with
reciprocal trade
Switzerland
was
be¬
that agreement forbids the
United States to invoke
quotas
cause
raised
as
much
as
hell,
did Roosevelt.
citizen.
,
But what is to the
point, is that
leadership of the
country may have had his
they never had,- his heart.
Coolidge was the last
does, it is understandable why he
kissed it off at the press confer¬
ence as he«lid.
Editorial opinion
.
him to make
has forced
sions
and
this
as
conces¬
is, written the
representative group of indus¬
trialists are to come to; Washing¬
ton.
But already the propaganda
Leftist side is that they
from the
have
to
not
are
discussions
any
Truman, although they
from Mr.
...
....
tiveness. " He
is getting irked by
being referred to as timid, weak
and stupid, not references of this
writer but which are appearing
with increasing frequency.
He is
quite sensitive to suggestions that
anyone is controlling or making
up his mind for him, either the
Laborites
Under
the
or
the
Industrialists.
circumstances, he is
a baby to either
liable to act like
group.
■;/:/'./ vto/to
Byrnes' Measures to
Protect United States
Atomic
,
,
...
,,
Knowledge
Apparently in
r
an
effort to allay
American
the
within
concern
delegation to the United Nations
Assembly
about
disclosure
of
atomic energy secrets held by the
without
States
the
ap¬
of Congress, Secretary of
State
Byrnes
before
departing
for the first meeting of the As¬
proval
in London appointed a
five-member
committee
sembly
special
"to
study the subject of controls
and
safeguards necessary to pro¬
tect this Government" during/the
UNO
Atomic
Energy
Control
Dean Acheson,
Under-Secretary of State, heads
the special committee of which
the other/members are John J.
Commission study.
meet him, they are to talk
may
jvicci0y, former Assistant Secre/We
^ary of War; Dr. Vannevar Bush,
all .to the Dr/ JamM B. f!nnflnt and Maj.
nr/ James
R.
Mat.
Conant and
Would say
that that IS
*
good./ / Mr.
Snyder, -when the
story is finally written, will have
turned out to be a real good man.
concerned
not
is
with
the
other prejudices.
business men, has the
labor vote or any
He
information of the in¬
dustrialists, however, they should
keep in mind Mr. Truman's sensi¬
United
Mr. Truman understand¬
'/Now,
is
a
business man's viewpoint and his
main concern is getting the coun¬
try to work.
Gen. Leslie R. Groves.
V
Appointment of the committee
followed by a formal state¬
Byrnes emphasiz¬
ing the fact that the UNO com¬
•
was
ment from Mr.
mission would not have "the
au¬
thority to decide what informa¬
tion the United/. States or
any
He will be a very Government should
place/ at its
good man for the industrialists to
talk to.
fHctirig emotions by his annual
message to Congress.
If they are
disposal."
„
v
'
,
example,
no
the
United
Press
(R.-Minn.),
reported from
Washington, Jan. 19. This would
mean
tax
cutting
on
in
half
the
furs, jewelry, toilet
excise
prep¬
inflationary
are
At the same
work.
championing an
ap¬
six
months
an-
any /•
the
other
United
States
or
should
Government
the
United
States
is
of
concurrence
pretty generally to workers
the country.
These
around
all
workers,
determined
to
spend
money—and: the cashing in
war
bonds is increasing—are
doing it on worthless items, not
to mention the money they- are
Against
this, production is held up, not
only by the strikes, but by the
OPA.
There is seldom a night
that some Leftist radio commen¬
tator
doesn't spring the sensa¬
tional disclosure that
such and
such a manufacturer is holding
the
recommended
ent
the
of
States.
the United
States
recommendation
adopted.
If
perman¬
concurs
could
it
in
the
not
be
to •';///// /" /.'/•:/.. /////: /■/,
the United
and the
the
'
five
including the
Therefore, unless
members,
United
States
•.
concurred
Security Council adopted
it
woi^d
recommendation,
still be for the Government of the
United
States by treaty or by
the selling of his product- Congressional action to determine
shirts, / clothes,;/ etc.—until OPA to what extent that recommenda¬
ceiling prices are lifted.^ They tion should be acted upon. If action
soring this as startling instances is required by treaty it would
of greed on the part of the manu¬ take a two-thirds vote of the Sen¬
Under
facturers.
It is not a startling ate to ratify the treaty.
up
.
one
not
market
Congress
being done.
of these manufacturers
will tell you
from present
formal termination of hostilities.
authority to decide what in¬
formation
their
come
and they have
proximately
*
last for
the
represented,
exchange of
any stated information, this rec¬
ommendation would go to the Se¬
curity Council.
Action by the
Security
Cbuncil
requires / the
pay.
Also, he is
increase in wages
listed
such legislation,
would
from
\ :
reduced appreciably place at its disposal.The statement continued:
and file, those who
are/ hollering about take-home ///If the commission, upon which
some
wartime rates
Press
given
the
for the rank
of
Without
Associated
by
been
have
passage
levels.
men¬
"among
because
forces at
time, taxes
time to reduce taxes
there
to the text of his statement
members
just one Washington, Jan. 7, "such action
could not give to the commission
Mr. Truman says this is
not, the " conservative .
of Congress are.
For -
tioned in the agreement/ Watches
and watch movements are
-
So
they
man
ing Mr. Fairless' move the way he
Any
Department
ear,
kad.///vVr/:/-
1942
The: State
own
inept poli¬
tician which in the light of what
has: come to be a great politician,
is * certainly to his credit as
a
the -industrial
'•
the
term
was an
to
;
one
he did have, he was never his
master. And he
For
to speak,
so
In the
reduced
■
a
mat¬
only this writer's opin¬
revelation that this is
articles.
a
ion but of othersi,. that had he got
a
second term,' he would have
arations, etc., with almost all rates
against any. of the articles
never
It is
frittering away in strikes.
tative Harold Knutson
require President Truman
abrogate
bearing
limiting Swiss watch
on
Department officials/ de-:
agreement
'
advices
clared passage of the Knutson bill
would
are
the Swiss to
ternal German assets.
An item
fewer
and her Allies
pressure on
obtain cooperation in locating ex¬
of
than the State
ican
States
putting
"Times," reporting the introduc¬
tion of the bill of Representative
the
quota/ proposed
Knutson,
in
as a
-
to
Adminis¬
•
what; some officials
conflict with our widely
could voluntarily
advertised foreign trade program,
agree to permit establishment of
but also because while the State
quotas," Mr;/Bevans said.
"But
Department is trying to get this
for Congress to pass the Knutson
Bill would be contrary to the/re¬ -concession from Switzerland, the
According
ter of not
course, using up the dear workers'
savings.
oh,
time
same
The current watch
established.
ciprocal
turned to power, he
Republican at heart.
what is happening: that inferior
products with no background are
marketing
their
stuff
at
any
prices they desire.
That is, of
v
"While our delegation to the
supplying the
Assuming Mr. Truman's idea of
American
market, which could their intentions to be correct, we Assembly may vote to authorize
not' be supplied domestically be¬ can/ nevertheless /appreciate / the a study by a commission of the
international problems raised by
cause our smaller watch industry
justifiability of their visit.; They
the discovery of atomic energy,"
wsts supplying our own and allied
certainly are torn between conMr. Byrnes continued, according
forces.
at
traders-
"The .Swiss
Hoover
say,
actionism, although he is the tar¬
get of the Demagogic Liberals,
although he is cited as the one
and outstanding reason why the
Republicans should not be re¬
He
charged
the
about
to
withmen -Lhe Mr.,Snyder.
supply so many watches, he re¬
plied that they had about 65,000
skilled
watch, workers
to our
.
Schedule Two."
Watch¬
advocating."
last four war years
in this country as shown by jew¬
watch move¬
ments as proposed in the Knutson elry trade surveys, and the de¬
mand this year is expected to be
Bill would constitute a violation
in the vicinity of 10,000,000.
of the Reciprocal Trade Agree¬
"As/matters stand there is still
ment now in
effect with that
an indicated shortage of more than
country and "the utmost in breach
Of good faith."
In indicating the 2,000,000 watches,"^ Mr; Bevans
declared.
"It is expected domes¬
■views of Mr. Bevans, the New
tic
manufacturers
will produce
"York "Times" of Jan. 26 con¬
only about 2,000,000 and if the
tinued:
bill is passed the shortage will be
:
Mr. Bevans, who dias' just re¬
in excess of 4,000,000."
turned from Washington where he
Assemblers, adjusters, repairers
was engaged in a series of / con¬
and manufacturers of cases and
ferences
on
the subject with accessories
for
the
assembled
Covernment officials/asserted that
Swiss watch movement imports,
•enactment of the legislation which
involve the employment of ap¬
•seeks- to place an annual limit • of
proximately 8,000 persons here, he
2,000,000 on the importation of said.
Passage of the legislation
such units, would result in black would curtail
employment as well
market conditions and widespread,
as
causing a serious shortage,
violation pf the law comparable
probable
smuggling and
"dis¬
to that which existed during pro¬ crimination" f a v or in
g certain
Exceptions are provided,
American
of
are
or
;and described in
of
Union,
ernment
Republican
counsel of the
American Watch Assemblers Association, that the establishment of a
•quota
on
the :> importation* / of ♦>
/
Gernerazza, National
Secretary of Commerce
-Wallace, and that Mr.
Bruggmann 'declared it would be
'.'contradictory
of
the
United
States- to cut watch imports and
thus fly in the. face of the free
trade principles which this Gov¬
contended on Jan. 25 by James W. Bevans,
.
many
fighting
are
Henry
of 2,000,000 on the importation of Swiss watches
watch movements is provided for in a bill introduced on Jan. 18
an
America
said here today
that he had talked yesterday with
the
Swiss
Minister,
Charles
Bruggmann, who is a brother-int
An annual limit
certain
the
,
President-
law
when
of
on
fronts/the unionized watch
V Walter W.
Imports—Watch
Assemblers Assn. Sees Violation of Trade Pact
Agree¬
ment between the United States
.and Switzerland, dated Jan. 9,
1936 he pointed out, clearly states
that "no prohibitions, import- or
•customs quotas, import licenses or
any
other form of quantitative
/regulation shall be imposed . . .
by the United States on the im¬
portation and sale of any article,
the growth, produce or manufac¬
ture of Switzerland enumerated
which
angle
industry battle
Watches..
Bill Would Limit Swiss Watch
Article Six of the Trade
the
and
alongside domestic manufacturers
to stop the heavy inflow of Swiss
:
hibition.
curious
likely
the incarnation of Republican re-
situation is that while la¬
watch
is
The irony of politics is,
although Mr. Hoover is cursed as
to.
Must we learn
Swiss watches
trade
associates
tration.
is trying to get
the rest of the world to subscribe
workers
It was
of.
some
One
how
was
unrestricted
his
into the counsels of
move
idge.
this Government
ecutive Council.
•
of
'
and
Government which they have not
been in since the days of Cool-
quoted to the
nondiscriminatory
competitive forces to bring the
selling price down to its natural level."—AFL Ex¬
by Representative Harold Knutson of Minnesota, ranking
member of the House Ways and Means Committee.
try to
American
embarrassing to
Department
■
principles
and allow natural
<>r
than
Truman
interpret Mr. Fairless' suggestion
as an effort on the part of indus¬
stepped
sooner
that the importers
tiously and selectively.
The moment production
of any particular article comes within safe range
of meeting the demand for it, the Office of Price
Administration should remove its artificial ceilings;
;
no
Administration officials
some
;
controls should be exercised cau¬
human behavior?
Mr.
manu¬
.
vigorously oppose any such Government interfer|J ence with a free economy.
►
V
"Even
to the
importers of Swiss watches, who
have done a^record business dur¬
ing the war, made strong repre¬
sentations to the department to
permit continuance »of /the im¬
ports.
t
J '*
•
American Federation of Labor
•
war
Ahead of the News
(Continued from first page)
and allied armed forces.
it
But
V
''
r
Washington
//\.
timing instruments for
into the situation
reluctance of business to make advance commit¬
ments in the dark.
during the
own
our
From
industry, which devoted it¬
facture of
ernment to
615
he does not and can
his .products under
Members ©f
have told time after time
ceilings..
all
these
circumstances
I
think
the interests of the United
States
are
.
fully protected.
Before the first session
egation
we
will
have
will have
a
our
del¬
meeting
and
opportunity to
discuss all subjects on the agenda.
an
THE COMMERCIAL & FINANCIAL CHRONICLE
616
ployers to reach' businesslike
adj ustments; with • the unions
(in, stronger bargaining posi¬
tions than they ought to be)
The Year Ahead
(Continued from first page)
necessary to assure fair play
between man and man; in
which neither labor unions
-
suggest that both governmen¬
long
so
over
they lack control
the prices they may now
as
Watts
Thursday, January 31,1946
on
Committee of N. Y.
Financial Advertisers
Community Trust
Distribution in 1945
George J. Watts, Jr., Assistant
Cashier of the Corn Exchange Na¬
tional Bank' and Trust Company
of
Philadelphia, has been ap¬
pointed to
the
Extension
and
The..
Trust
New.
York
Community
$567,349
for
distributed
policy and the drift of
philanthropic purposes in 1945,
or in the future ask for their
compared with $558,746 in 1944.
popular feeling is in such di¬
Outpayments were made from 50
rections as these that prudent products,? There is no observ¬
nor business organizations are
Planning Committee of the Finan¬ memorial funds to 226
able reason to suppose that
agencies
men hold back from subscrib¬
cial Advertisers Association.
Mr.
in 28 states.
permitted to monopolize any
During the period the
; the situation will change in Watts is in charge of the advertis¬ trust
area in our economy; in which
ing fully to the glowing pre¬
dispensed a larger amount
dictions for this year now ;this
respect in .the early ing ahd public relations depart¬ from more funds to a greater
no element in the population
ment of Corn Exchange.
number of recipients over a wid¬
future.
is subsidized and none penal¬ heard in many quarters de¬
er
area
than in any prior year.
The
ized; in which government spite all the strikes.
A Wholesome Response
The average payment was
; Military Currency Used
$2,510
in 1945, $2,972 in 1944. The ad¬
steps back into its traditional thoughtful man would find it
We are, of course, fully
By Army and Navy Forces
vices from the
role—we may insist upon all a little difficult, or so it seems
Community Trust
aware of the common belief
futher said:
In Japan and Korea
./•>,:'77 7 "7
this, make a real beginning to us, to restrain his optimism that the
pent-up demand and
The largest allocations went to
The Treasury, War and Navy
in giving it effect, and usher for the future if only he could
tal
,
.
.
feel certain that business will
long period of economic
progress. •••.
v/:/:
in
*
-
a
The choice is with
<ymage
us.
be left
The affairs and solve its
own
own
prob¬
the accumulated
unspent war
override all this in the
of
few months.
a
continuous^ in¬
course
We are not
'
arguing that point. We are
not particularly disposed to
matters as the budget ; and disagree with much that is
being said in this connection.
management of the now stu*
What troubles us is this: Is
pendous nat i on a 1 debt—
the response to this demand
where governmental opera-*
likely to be wholesome and
tions inevitably and Unavoidr
lasting under conditions
ably bear directly upon busi¬
crystal-hall, not by employof mystic or foolish foryrnulae of which many appear
to have grown fond, but by
,a, search of our own mindsi
our own: prejudices and our
emotions.
which the political situation
ness, common sense, reasonseems to promise?
able prudence and thrift could
cific, we shall have to come to be counted on. Such factors
More Export-Import Bank
some
understandings rather as these could well make all
the difference between unin¬ Credit to Ecuador
promptly if the full measure
An increase of $780,000 in a line
of our opportunity is to be terrupted progress during the
of
credit
originally granted to
realized this year. One of the remainder of this year and
Ecuador in. 1942 has been" ap¬
most fundamental.is this: We halting, irregular return to
proved by the Board of Directors
shall not get full production, peacetime pursuit?; all the of
the k Export-Import 7 Bank,
To
*
| pass from the general
the somewhat mor£ spe-
to
and at the same time prevent difference between solid
price changes which are es¬ growth of long-term prosper¬
sential to make this possible. ity and the development of a
Insisting upon "a law" and at feverish, unnatural and un¬
the same time permitting, not wholesome activity in 1946.
to
encouraging, .defiance
l or evasion of it,
will-not,
moreover, serve the purpose
in this price situation. That
is to say, actual price adjust¬
is, of course, not enough
that the President has
shown signs of being willing
will
to make concessions here and
say
ments via black markets
Enough
"Concessions" Not
It
to say
lay the basis for the eco¬ there,
nomic progress we must have. where
not
out
a
perhaps generally,
or
claimants
can
"make
case" for higher prices.
Price Adjustments
Inevitable The economic system simply
.the deliberate action cannot operate effectively on
long before the war started, any such basis.; In the first
and by continuation of the place, neither the President
same type of action in a de¬
nor any of his advisers—or
gree far more than was neces¬ all of them together—are in
sary during the war, the na¬ any position to judge half so
tional government has enor¬ well as the market place as
mously inflated our "money to whether higher prices in
supply" as it is now termed, any particular case are or are
the
The
original credit line of $1,200,000
Wayne G. Taylor, President of
Bank, announced on Jan. 22.
was
and the situation
in
now
our
not warranted.
ex¬
fi¬
nancial mechanism. We shall
do
well to
evitability
ments.
If
recognize the in¬
of price adjust¬
we
fail to
do
In the second
place, the business man can¬
not possibly take the time and
incur the expense of trying a
case
each time he must set
a
each one of the
if we insist that somehow, by
many things he produces or
fiat control of the economy, sells.
Moreover,
one ( price
we can refuse to
pay the piper may be "right" today, and an¬
and thrive, : if we -foolishly other tomorrow—and still an¬
proceed upon the supposition other the next day. And all of
that wage increases and other them each
day will depend
price
or
upon
so,
other prices,/ perhaps
other prices, fixed inde¬
on
,
additions to
duction
can
the cost of pro¬
be made again
many
and
again and again without pendently of him. V
corresponding "adjustment of rf In fine, the outlook for the
prices, if upon such assump¬ remainder of this year de¬
tions we permit, not to say?
pends in larger measure than
encourage, the national gov¬ many of us realize upon a
ernment to inject itself more firm refusal to add further
and
as
more
into
the
rigidities to those already imposed : by government upon
business,/ and the progress
made in eliminating - those
now
plaguing :v the business
man. Who can doubt that one
economy
regulator andmanager, , we
be sorely disappointed
shall
.
with the results of the year—
,
if pent-up forces are strong
enough, to over-ride such interferences for the time being,; of the reasons for the continwe shall have good cause for
uance of labor difficulties at
or
later, date.
, the present time—perhaps the
orecisely because controlling reason for them—
indications strongly is a natural hesitancy of em¬
ref*ret—at
some
Yet it is
present
,
to assist in the financing of a
Pan
of: the
section
American
:
between Guamote and
Tambo and a lateral road from
Tambo to Duran, says the an¬
nouncement,
which
adds
that
Ecuador,
however,
has
been
financing the construction Of the
Highway
Tambo
Duran
to
road
her
from
The
from
The
Export-Import' Bank.
total of $1,980,000 it is
/
new
the
for
available
is
stated
con¬
struction of the Guamote to Tam¬
link
bo
Highway.
American
Pan
the
of
-
/
'
_
"The credits
~
to assist in the construction of the
Highway," Mr.
Taylor said, "carry out the policy
of V the
Export-Import Bank to
make
developmental
loans
in
where
such
loans
ex¬
are
pected to broaden the economy of
the borrowing country in a man¬
which
ner
will
tend
increase
to
exports and imports of the United
States."
advices
The
from
the
:
■
said
:?■
in
, ■
•
United States Army and Navy
forces in the main and outlying
islands of Japan and in Korea are
Using
military
supplemental
a
St.
Mary's Hospital for Children
The for¬
and the Salvation Army.
received $70,000 and the lat¬
The National War
Fund benefited by $38,050 and the
mer
ter
$61,893.
American
Red Cross by $28,752.
Payments to the Community Ser¬
Society were $41,835 and to
the Visiting Nurse Service $33,-
currency denominated in yen as
well as local legal tender cur¬
vice
In order to distinguish besupplemental i military
currency used in these two areas,
the letter "B" has been imprinted
recipients
included
.Hospital,
; $32,000;
Bowery Branch Y.M.C.A., $14,077;
Hebrew University in Palestine,
$13,924; United Hospital Fund,
$13,086; and Children's Tourna¬
rency.
tween the
on
military currency notes for
in the main and outlying is*
the
use
lands of Japan and the letter "A"
the military currency notes for
on
use
in Korea.
military
cur¬
rency notes bear on their face
the words "Military Currency" in
English and in Japanese and on
the reverse side the words "Issued
to
Military Proclama¬
tion" in both languages,
: This supplemental military yen
currency has been issued in seven
denominations, namely, 10 and 50
sen arid I, 5, 10, 20 and 100 yen,
There are 100 sen to the yen. The
notes in the denominations of 10
and 1 yen
sen,
50
the
size of the U.
sen,
are
one-half
S. dollar
cur¬
rency. The 5 yen and 10 yen de¬
nominations are somewhat larger
than the
notes, and 20 yen and
notes are the size of the
sen
100 yen
U.'S. dollar note.-
-
;
•
Other
ments and Exhibits in
Parks, $12,-
200.
.
It
the
twenty-second year
of the Community Trust's grants
that began with $20 in 1924. An
aggregate of $5,181,860 has been
V
The supplemental
Pursuant
105.
Montefiore
was
paid out, of which $2,224,174, or
43%, has been disbursed in the
past 48 months. Seventy funds*
ranging fromainder $1,000 to over
$1,000,000, are grouped, in the
Community Trust for administra¬
tion.
The
founder
each
of
may
designate the charitable purposes
preferred but instructs the trust
to make appropriate amendments
if
griginally
later
W.
become
Aldrich
projects
supported
obsolete.
is
Winthrop
chairman of the
Trustees' Committee and Thomas
M. Debevoise heads the Distribu¬
tion Committee,
•
Military yen supplement the
legal tender currency in
Japan and Korea; namely Bank
of Japan and state notes in Japan,
and • Bank
of ; Chosen
notes in
Korea, and are interchangeable
£" The Tile Council of America has
elected
local
without
rate of
distinction
for
at
Japanese
military yen scrip (used by Japan
in the Japanese occupied terri¬
tories) has been declared not legal
one
one;
tender and is not
interchangeable
with supplemental yen or local
legal tender currency.
No general rate of exchange be¬
tween the yen and the dollar has
been
established.
However, for
U.
an
purposes,
Burcfcenal 1946 Hebd
H.
Charles
Burchenal,
to serve during 1946
Chairman
of
the
Advisory
Cincinnati,
as
Committee, the directing body of
Council, it was announced in
New York on Jan. 22. ' Mr. Bur¬
the
chenal,
bridge
President of the Cam¬
Manufacturing Co.,
Tile
succeeds Norris E.
Phillips, Vice(N.Y.) Tile
President of the Olean
Co., who has served a? Chairman
the past year, and who re¬
initial mains as a member of the Advisory
S. military and naval pay and
accounting
Tile Council Elects
for
has
also
conversion rate of 10 supplemental
Committee.
military yen equal one U. S. dol¬
Bank also state:
Ecuador
part:
the
granted to Ecuador
PanAmerican
cases
which
statement,
therewith
funds without resort to loans
own
.7 By
istence is frozen into
Departments issued on Jan. 23 a
earnings of individuals will joint
terference by the politicians
and if—as is the case in such
ment
-
without
lems
of the year ahead is
Ireally to' he found not,Mk p>
own
attend to its
to
which celebrated its first anniver¬
agreed
to
advance $780,000 from her. funds
lar
toward
Ryukyu
used
the
in
invasion
Tile
The
Council,
of
sary on Jan. 22, it is indicated, is a
functioning.: organization provid¬
ing a central source of informa¬
Quevedo Manta road, a portion of rate was superseded as of Sept. 4, tion concerning production figures,
another lateral of the Pan Amer¬
1945 by a rate of 15 yen equal one uses and applications of tile, and
ican Highway, to supplement a
U. S. dollar which is the conver¬ is carrying: forward major pro¬
loan of $2,500,000 made by the sion rate now being used in the
grams -of ;
(1)
developing /and
Export-Import Bank in" 1942 for main and
outlying
islands of promoting new uses for tile and
this purpose;'
(2) cooperating with union-con¬
Japan and in Korea.
.
V'.
tractor joint apprenticeship com¬
Between 1940 and 1943 the Bank;
Under
existing
arrangements'
also assisted Ecuador in financ¬ U. S. military and naval personnel mittees to help channel new men
ing the construction of theCuenca may remit in dollars to the United into tile setting in expectation of
Loja link of the Pan American States at the above rate all or any the develooment of a record de¬
Highway with a loan of $1,230,- portion of the amount of their pay mand for tile in the years ahead,
000.
Thus, totaj Export-Import drawn by such personnel in yen the announcement stated. •';* The
Council
represents7; companies
Bank assistance to Ecuador on be¬
for their local expenditures, They
half of the Pan American High¬
manufacturing 90% of the wall
may also remit in dollars to the
and floor tile produced in this
way and its
laterals amounts to United States yen- arising from
$5,710,000. / Upon completion f of dollar instruments, such as remit¬ country.
• ,«
the
of
construction
the
was
.
Okinawa and other islands of the
This conversion
group.
^
all
construction
these
credits,
"ichway
to
in
provided
the
Pan
Ecuador is
be passable
in
all
for
in
American
expected
weather for
about 625 miles, out:of 740
miles,
between its northern and southern
borders.
The. portion remaining
unprovided for lies between Loja
and the Peruvian border.
The
notes
Ecuador
to
of
the
,
be issued to the
port-Imoort Bank under this
of
Exnew
enlarged "credit-;line .mature
semi-anual
installments
period of Twelve
years
date of issue and carry
4%.>
•'V'\\*kT'•
"•V"*--'
in
over
from
official
a
the
interest at
'
channels.
cashed through
U. S. soldiers
sailors leaving
and
the
area
may
held by
them, if obtained from the sources
just mentioned, for dollar cur¬
rency.
The' relevant army and
navy appropriations are charged
exchange
for
,
Republic
tances from home,
the
used
and
yen
dollar equivalent; of.. yen
by U. S. forces
naval
to
Navy
priated
the
control
of the
Congress .over
expenditures of
forces is maintained.
the
for military
expenditures properly
War Department
Department appro¬
funds.
In this manner
chargeable
and
currency
the
.'
S.
U.
'
V.
M.
Alexander, President of
the National Tile and Manufactur¬
ing
Co., of
elected
tee.
to
Anderson,
the Advisory
Ind.* was
Commit¬
In addition to Mr. Burchenal
and Mr.
Phillips, Davis A. Cable,
President
of
the
United
States
Quarry Tile Co.. Canton, Ohio; D.
P. forst, President of the Robert¬
Manufacturing Co., Trenton,
J.; R. E. Jordan, Jr., Treasurer
Co., Zanesville;
Ohio; and R. J. Schroeder, Presi¬
dent, of the Pomona Tile Manu¬
facturing Co., of Los Angeles,
son
N.
of the Mosaic Tile
were
re-elected
Committee.
to
the
Advisory
•
i
'
i
«.
.■-■.i'ffJ-. L
-•"■ ,-'"1
--
•
.VjV»f ^*'f Vj ^
\. v-
>V/\
..
t 1 "' v ' '' '' '
' ■'; •.'•':•••»> .y.,j
••'•"<'Vi,1
:}X
,'iv''.r.
.Volume 163
•
.
'
-l"" ""A'
i ''■!•■'
•-•'■ '•'4..-'V'*'•,•! t'.
\
• '* '-
V: j > ' ..'
y. '• i '1 I^V' ^ ■ " ■ -' ' J • i !> V'. ■',' -J . i.". i -. .■•
777
-
•: y
v'Y^v-'Ai1.. ;y.'1
4'
.< ♦
Number 4460
\
:
•
*.$$'•!'•'
-_ ■
- • ■,.. i V,. I-I4
j
.. i) I^I
^
«, • j• - , ■.,. | .-,
in the
Billion
$278.7
index to
X?ash^la,nce^;pec^3C^l045^i!^.^^
1:26.0
L
$252.7
1946__i._-__.
$275.0
balance, ;june 30, 1940...,_
Net debt June 30,;
$263.1
•Gross
debt/ June 30; 1947J77/—7
Cash balance, June
30, 19471-__v-
Net'debtfJune: 30,11947-.*.,,..;..^
-,
11.9
,
$271.0
—3.2
$267,8
-
"Any Administration that wants
to dissipate its, cash
balance can
reduce
the gross debt at
any time.
It's like drawing gw one's
savings
laccount to meeLan: overdraft on
the checking account, :
^ '
!
r*'No;
<
?; budgetary
President
manipulation
substitute for thrift and effi¬
cient management.
Heal Federal
government
,
can
come
living
requirements will be.
!
"The President includes
'its
r
i.'f
>
,
■
,j
,
i
,I*!I
1
i
i
'
^
-
<
(
(
!'•'
.1
'•'•.' 1
1
in
on
wheat
Budget $1.75 billion for interna¬
tional finance.
Whether this
In forbidding or limiting the
selling of the new Kaiser-Frazer
Corporation's stock for varying reasons, the security-commissions of
Michigan, Ohio, and Indiana, have highlighted the great confusion re¬
sulting from differences in Blue Sky legislation between the States,
President's
requests,1 If it
required, however, it probably
Congress
the
on"
level
international loan
the
once
Treasury
Corn
i-1
—"Costs of President's New ^».
■'
overlapping of Federal and State securities legislation. As
under, the divorce statutes in America, an. individual can be simul¬
taneously a saint in one State (Nevada), and a through sinner in an¬
very
other
(New York).> Like: divorce, the regulation of securities sales
nationally .uniform in letter as well as spirit—particularly
the-federal machinery is established in the SEC's administration
should be
as
of the Securities Act of 1933.
!
In Indiana the securities commission limited Kaiser-Frazer sales
gfain,; reached ? hew' to lots of a 100-share minimum, or an outlay of $2,025, on the theory
that this confines distribution "to- those who :can afford to take the
for' the bast :25 years, t
years.
Rye; , the
but j risk.'J. But how, in; the absence of full information-about the resources
prospective buyer, a conclusion about what he can or cannot
tremely light Couritry offerings l afford is to be inferred, is wholly;impossible to understand. In any
were
somewhat1 larger ; but still j event, if such determination of
"ability-to-speculate" nevertheless is
too small to satisfy the demand. arbitrarily based on the
quantity of stock sold to an individual; log¬
|
Flour bookings expanded
ically the size of the sale should be fixed at a maximum, not a min¬
during)
the week, but ^ the. tightness in I imum, level. 4! Surely many
prospective buyers can less well afford to
wheat ; continued a: drawback to - lay out the prescribed $2,025 minimum than a smaller
amount, and
.was
Proposals
"He
requests approval of an
addition
$1.5; billion
to
meet
"actively
in V that
trading
our
v-
'
-
•
.
of
continued
in; recent-
high, ground
opened ;to foreign
are
borrowers."'1:'
doors
and from
cash
most % active ^
will be: insufficient to satisfy the
flood - of' loan, requests* that will
eventuate
situation
The
tight and visible supplies of that
grain: were - reported decreasing
at a rapid rate.. Cash oats were in
good demand and sold at the best
sum
will be needed depends to a large
extent upon legislative^ action by
the
ceiling limits!
7;;:!:::'7'.7!-!7' J"!
by the government, will very importantly govern labor's ability to
strikes, as well as its long-term strength. ,7.
vances recorded in all distant de¬
liveries not already
pressing hard
against
(Continued from first page)
.
call recurrent
<
!
%£
Firmness in leading' grains was
maintained
last week with ad¬
his
617
Surely the national policy determining whether
individuals voluntarily quitting their jobs to strike, shall be subsidized
at this: date a year ago;
,i
;
only by
within
«•'"}•
,
week for 26 weeks.
new post-war
high of
Jan. 22, compared with
Jan. 15, and with 175.39
on
182.72
requested
Army and Navy themselves have
not determined
just what .their
can
'debt reduction
has
time when the Congress and the
is
1 '
i
Observations'!;
a
183.38
V1'
/•"The
a
u. •
\
-
777.
!..■•...
;;;
carrying the Dun & Bradstreet
daily .wholesale commodity price
$16 billion for the armed forces at
Cash
*tA.
Wholesale Commodity Price In¬
dex—The rising trend of prices
continued through the past week
could provide all the jobs and fa¬
cilities that are needed?
:
J
Gross debt, June 30,
;
« l
. _
previous week and four in
the same week of last
year.
(Continued from first page)
vj (Continued from first page)
mitted to Congress and the
closing
:1945 daily Treasury statement: '
Net debt Dec. 30, 1945_,J1
«.
i
THE COMMERCIAL & FINANCIAL CHRONICLE
Budget Misleading
'Gross 'debt, "Dec! .30, 1945
-.-,i -
|
^^'•-••:,'1'1
,
Calls Presidentfs ^fi|||||
_
j
.
'•*;
•• /•
'■-
• • i,. r
increased
sought,
t
was < ex- i of each
grain:
-
offerings.
Hog' must strain their resources to meet the higher outlay.
•'
'
*;
firmly at ceilings |
; In Michigan Kaiser-Frazer sales were forbidden because of the
receipts fell sharply due to the * new company's inability to meet its law
proven
approach to posals he has forwarded to Con¬
prescribing either an ade¬
strike of packing house workers. ! quate
solvency, which all ; of us ap* gress.
These would
earnings record or book value. If the sale price of common
make
the
Cotton
preciate in. the conduct? of our Federal Government
prices edged slightly; stock exceeds the book value/earnings of at least 5% on such
price
responsible
upward last week; despite the un¬ must have been achieved. No such restriction
personal/affairs, the- President's for so-called.! full,
applies to preferred
employment,
budget iS; woefully deficient. He supplemental
certainty created by the OPA an-: stock distribution.
H
unemployment in¬
nouncement that it
Anticipates'. revenue of. $32.9 bil¬ surance benefits, a
proposed to
In Ohio-sales were forbidden; because of that State's
comprehensive
regulation
lion#: which after ; adjustment'for health and medical care
place ceiling flimits! ori the-1946 that its securities commission
program,
must.affirmatively find that the price
old age And Survivors'
cotton, crop. Sales were moderate of a new issue is not unfair... Thus the
insurance airport
State validates with its implied
development; Great Lakesand refunds
during most of the week: but stamp of
drops to $29.9 bil¬ St. Lawrence development,
approval the price of those issues which it permits to be
peaceT
lion.
prices rose as demand and volume sold.
time food subsidies,
permanent
:\;7//j '7;,/.,7-7v:7
>■ -7,
improved late/ in, the; period, re¬
"Thisestimate may, proveexr school lunch '<; These events in .the Kaiser-Fraser-distribution have
program, aids to
markedly
cessive unless the President soon
the- growing country¬ accentuated the permanent
education, yalley authorities, in¬ flecting
tendency of the public in its belief that
takes steps to cope with the labor creased
wide opposition to the; OPA maxi¬ the fact of SEC
; Federal
mean3.
-
•
77
"When it comes-to this
orderly,
,
*<■
"tried
and
-
: mill
values remained
^pehditutes! uhdei^ vario^
.
as
..
,
f
.
^
r..
registration connotes goverment approval of an
ceiling plan.
Although the issue's price and general merit. In fact they have iorced the Commis¬
telegraph strike hindered trading sion to issue .a public denial thereof and another,
explanation of its
somewhat! considerable ; forward "neutral" position on new issues. ' Ever .since the
formulation of our
buying developed; which - lifted federal securities legislation in 1933 the
danger of this misconception
futures prices to new highs for has been
recognized by experts here, as it has been in England. While
the season. \ The New -York spot this drawback in
national securities regulation can never be com¬
payj; permanent
strife
that is ;curtailing the na¬
housing program, increased lend¬
tion's productivity and
taxpaying ing authority for the Rural Elecability. " >*7 ?* ■7•; -:.,< -t'
v
trification Administration, etc, 1;
"On; the expenditure side of his ; "If any number
t of J these are
Budget; the President demon¬ adopted, by
Corigress, the; Presi¬
strates: an affinity -for> the cosfly dent's $1.5 billion
suggested ex¬
deficit-spending practice which penditure^couMii't:: possibly fihas characterized the New Deal .nance them
for a year,
tThe,v
since its inception in 1933.
He would be. costly; encroachments
proposes to spend $34.2 billion; upon the rights and
responsibili¬
including het; outlays for govern* ties of States and individuals and
ment; corporations and after adr the
Budget would be further out
justments fori refunds.
of balance."
k f
y
■'This Ueaves a deficit' ot
In concluding Senator Bridges
^$4.3
billion which. I maintain, is un¬ said; "I
urge the- taxpaying citi¬
warranted and inexcusable.
The zens of the nation to try and un¬
^Budget can be and should he'bal- derstand
that
the
President's
mum
,
'
.
quotation closed at 25.53 cents, up
points for the week, and 3.27
cents
above
Itnced.
^
•
"For example, why is it neces^
sary to increase the xivii departr
ihents. and agencies':expenditures
;
to
$1.5 billion from $1.2 billion
in 1946?
Aren't Federal payrolls
non-essential
bureaucratic
activities:; already; over-inflated?
"Why must $1.1 billion be spent
public works at a time when
•industrial
activity, if it were
r
'•
on
freed
from
Federal
oppression,
it
stead,
it
is implied
•
to be.
deficit
that receipts
are
under
now
one
month
year
80.6%
88.7% one
ago,
ago.
crease
ago and
This represents an in¬
of 0.8 point or 16.4% from
that of the previous week.
This week's operating rate
,! equivalent to 104,400 tons of
j
is
steel
ingots and castings and compares
with 89,700 tons one week
ago,
1,476,300 tons one month ago and
1,625,200 tons oriPr year ago.
.
^
Electric Production
son
-— The
Edi¬
Electric Institute reports that
"the output of electricity increased
to
4,145,116,000 kwh. (revised fig¬
ure); in the week ended J an( 19,
1946, from 4,163,206,000 kwh. (re¬
vised figure)' in the
preceding
week. Output for the week ended
;
Jan:
19, 1946. however,
below that for the
5-
,
weekly period
one
was
9.7%
corresponding
year
ago.
'
Consolidated Edison Co. of New
:
^York
reports - System output of
200.800,000
kwh.
in J! the week
ended
;;
Jan.
20,
184,900,000
kwh. for. the
corre¬
an
1945,
recorded
steers and
This,
resents
were
The. current
the similar
mand
per
mercial
and
week!"
industrial
'
last
24,
16
parable week of 1945.
reported
...
•!/..
/
as
compared with
•
■-
••«•
•
t.
.
-
in
men's
and
women's shoes,
Men's and boys' suits suits were
heavily demanded and stocks re¬
i
'
;
..
5'
were
seven
,
mained
low.
Furniture stocks continued low
with
future
able.
deliveries
Household
unpredict-
appliances
of
retail
country
this
Retail
Trade-—
at
de¬
large
week
food
the level
of
moderately
volume
last
.
rose
week and
• over
a
year
sold
.7
was
ago.
Wholesale volume this week
as
'
over
re¬
among
Food
slight
other retail
departments
declines
from
the
previous week, estimated at 3%
due to the meat strike and butter
shortage,
f~
•;Buyers were active in whole¬
sale markets during "the 7 week,;.
engaged
in .the rather dubious
lining up spring require¬
ments since textile and apparel
production/has ribt increased to a •
point commensurate with! currerit
demand.
Wholesalers, however,
wefe busily: employed in building,
task of
about
with that of last week
according to Dun
Slocks of hard Foods continued to
has been noted in several years,
Bradstreet, Inc.. in its current
increase gradually, but soft goods
stocks, dwindled considerably. ;. 7
7
year
of
ago,
trade
Consumers
scarce
Re¬
some
7
past
continued
While there
week.
to
than
.
Dressy suits
Fur sales
was
merchandise, it
concentrated
last year.
•
the
were
at
the
rush
a
was
less
end
:.;..7'
were very
and
of
/
popular
stimulated by
even
high level and
moderately above
Department
buy
items whenever they were
available.
for
year ago.
failures
large volume
a
1945.
like¬
a
review
was
v-;Four.:. Canadian
a
trend
the
routine
with
tion/of
occurring
for
Retail
noted
mained at
&
which failures have exceeded the
number
was
quickly when available..
and
wise
of
were
Very substantial gains
showed
There
ranging 30%
week
over a
com¬
This
general
similar
was about equal with
that of last week and was
slight1;'
failures
in the
in
tail volume
com¬
compared
as
week and
foods
scarfs and neck¬
during the week.
the
distributors.
-
rep¬
of the price
cos¬
the
in retail trade was
marked; here in New, York
past week with department
Cosmetics and other toiletries sold
potatoes,
heavy purchasing-subsided.
increase, reports Dun
& Bradstreet,. Inc.
In the week
ending Jan. 24, concerns failing
20
pound of 31
continued
an
numbered
total
sum
Wholesale
% Business Failures Rise-^-Fpr the
consecutive
the
jewelry,
increased
Stocks of
in¬
Activity,
very
well.
ago.
use. ■
period of 1944, a de¬
49,175 cars, or 6.2%, is
-
eggs,
above
wear
were
sheep,' The index
was : a decrease of 23,083
(or 3.0%) below the pre¬
ceding week and 28,097 cars, or
3.6%
below
the
corresponding
week! of 1945,
Compared with
showed
year
year to date showed an
of 11%.
crease
store sales estimates
tume
above
during the week
ing declines
cars
second
0.5%
a
the
sories was raised.
drop of
a
shown for flour,
rye,
oats and
19,1946, total lambs, while commodities reflect¬
shown.
impor tant, omissions
cessfully for hosiery were re¬
ported turning to nearby acces¬
sory
counters; volume of hand¬
bags, neckwear and other acces¬
for
week, resulting
however,
was,
$4.10
Advances
also the second week this year in
from last
the
1946, comparing
with 196,500,000'kwh. for the corresponding week of 1945, or an
increase of 2.2%.-tLocal distribu¬
electricity amounted to
.193,200,000 kwh.,' compared, with
registered $4.12*
749,475 cars.; the ' Association of
American
Railroads
announced.
of
is strongly impressed with some of the
really
reductions for clearance purposes.
Many customers searching unsuc¬
mainly from a seasonal decline in
price of eggs.
This figure,
the. lowest recorded since Oct.
30,
Freight
Loadings ~Carloadings of revenue freight for
the week ended Jan.
-.77.^1
Press and public 'reactions to the President's
message to the Coni
in the foreign sphere.
the
Railroad
crease
index
Jan. 22
sponding week of last year,
increase of 4.5%. |
;
food 7 price
2 cents
(Continued from page 614)
week
one
the
Wholesale Food Price Index Off
for Week—The Dun & Bradstreet
The State o! Trade
one
-
accompar
wholesale
4.9%
'
V4' .•
.
varying degrees of its domestic
phases, but apprpv^g of its international content. ; But on reflection
cotton /export program
nied by talk of possible further
reductions in domestic wool prices.
half tiines greater."
a
$
ill. ;:'P-.
r
period, despite - the : fur¬
ther fact
six and
-//
.
the
of
"
.77/
.
In¬
billion. deficit! contemplated for
1947 is one-third greater than the
1933-40
be greatly lessened by the abolition of the
Mr. Truman was wholly inadequate respect¬
prograrii to 1,- ing statements of policy toward our
prospective bases in the Pacific
090,800 bales..
Activity in the which were formerly owned by or mandated to Japan—a
question
gray % cotton .cloth
market
fell left open during and after San
Francisco; the questionjof, inuriigratiori
sharply last week following the to Palestino7 irom Europe; - bur joint policy toward THritain and
spurt Jn; sales noted in the; pre¬ Russia! in the ' Near rind Middles
East; the ririiciaUy7 important de¬
ceding v week^ ^ Business -7 was termination of our Civilian
administration of - Germany and Japan;
largelyiri7stap!k pnrii clothsj and and a clear and inclusive
conception of the use of atomic energy, -.
sheetings for the bag trade.
In the field of foreign; affairs
particularly, the President cannot
7 A Jmoderate amount of domestic
compensate for the absence of clear recommendations on his part, by
wools sold in the 7 Boston wool
passing the responsibility .on to Congress. Surely public letter-writ¬
market 7 last 7 week. :
Ibere ,. ap¬ ing% to Congressmen, cannot afford the: means of determining and ad¬
peared to be a general improve¬
ministering .constructive or consistent foreign policy.
"
ment in: the Undertone
sales
tices! while: insisting
upon con¬
tinued; taxation • at , present bur¬
densome levels. ^ In fact the $4.3
average : annual
can
conflicting and thoroughly bewildering state Blue Sky
'
gress have generally been critical in
the week ended Jan. 12
totaled 40,300 bales,-bringing total
deceptively : continues
deficit-financing prac¬
New Deal
'f"
low rate. 7 Registrations
very
under the
is
riot
thestability^
prpducirig,;,goodrgov.ernment doc-
ument
a
during
i'' Budget*
Cites 'Increased Expenditures
and
;into Government stocks continued
at
of
mass
corresponding laws.
Movement of cotton v/^t;:
1945 ! price.
,
great
the
.
•
pletely eliminated, it
25
store
country-wide basis,
the
Federal
dex
for
the
as
Reserve
week
was
a year ago.
sales on a
taken from
Board's
in¬
ended Jan. .19,
1946, increased by 19% above the
jip Inventories and: in
period last year. This com¬
pared with an increase of 20%
(revised figure) in the preceding
same
week.
Jan.
four
preceding week.
weeks
ended
Jan.
price sales increased by 13%
For the
19,
1946,
and for
to
Bank's
in
the
lipes
the Federal Re¬
index, .department
store sales in New York City for
the
weekly period to Jan. 19,
1946,
increased 30% above «the
According
serve,
period, of.k last, year.
This
compared with an increase of 13%
same
some
received riaore encouragement on
supplies from manufacturers than
For the four weeks ended
19, 1946,
sales
rose
by
19%
and tor the year to date increased
by 14%. 77
v.:,...'7
THE COMMERCIAL & FINANCIAL CHRONICLE
618
Items About Banks,
Trust
Jan.
,
vious
New loans underwritten
Companies
Hamilton
Loan
-
A.
W. Beamand, representative
Bank
Limited,
Westminster
London; Westminster Foreign
Bank
Limited, will
Bank
Ulster
and
Limited
to new offices
move
Herman F. Whiton,
.
elected
President of
Co., has been
member of the Board of
a
serve
number of our
and the Travel
growing
a
broker customers,
at One Wall Street on Feb. 1.
the Union Sulphur
importance in the bank's progress.
Clearance Department was
established at our downtown of-?
I ice in the financial district, to
The
Department was inaugurated at
our principal office in Rockefeller
Center; it provides a travel service
to all our clients, besides supply-?
Co. of New York, according to an
ing their needs for Travelers' Let-?
ters
of
Credit
and
Travelers'
announcement made
Checks."
Trustees of the United States Trust
by William¬
Pell, President.
son
•:'V-:
•'Xv't-T
v,;-;,%:;■,
George S. Stephenson, Comman¬
der, USNH, recently released from
theNavy, returns to the Fifth
Avenue' office of Bankers Trust
Co.
Assistant Treasurer. Shortly
as
75th annual
meeting of
Continental
Bank & Trust Co. of New York,
held on Jan. 16, five of the direct
the
At
stockholders, i of
whose
tors
three-year
were! .Ellsworth
after
They
Mr.
President
graduating from Princeton,
Stephenson became associated
expired
terms
for
reelected
the
,
terms.
Bunker;
National
the
of
werq
Sugar
Co.;
Siegfried
Gabel,
President olHagedOrn & Co.; Carl
in 1925.
He
went into active service in Feb¬
Refining
ruary, 1942.
Federal
Association,
.
crossed
of
the
by the
Savings and
of ^ Brooklyn
million-dollar
level
during r 1945 for the first time" in
the 56-year history of the organi¬
zation, the annual report to stock¬
holders disclosed today. The As¬
sociation reports that it handled
a total of
$1,172,380 in new loans
during
1945,' representing % 230
mortgage underwritings, compared
with $623,400 in 1944.- Total re¬
sources, it is stated, climbed to a
new high of
$5,166,283 at the 1945
year-end, compared with $3,825,?
037 a year earlier. Mortgage loans
represented 59.8 and - 61.0%, re¬
spectively, of: total resources for
the two periods.
New income for
1945
totaled
$91,857,
compared
with $73,788 in 1944.
After divi¬
dends of $57,685 for .1945, there
was
carried through to reserves
and undivided profits a balance
of $34,172.
Share capital at the
close of 1945 amounted to $4,636,601: against $3,650,410 at the end
of 1944.
r
v— v;,
•
'
Qv Hoffmann of the law firm of
with
the
company
Kadel
Allan
K.
Murray
Bankers Trust
returns
of New
Co.
to
York
Assistant Treasurer and will be
as
assigned to the Rockefeller Center
office, which will be open as soon
as alterations are completed.
Mr.
Murray graduated from Harvard
in
1923.
In
he entered the
1925
James E. Shields.
a' meeting of the Board
of
Trustees held Jan. 15, the follow?
ing
.
were made in the
official staff of the Dry Dock Sav¬
The
election
of
Raymond
F.
Department
of
Bankers
"He
who
succeeds
has
Joseph H. Miller,
elected
been
Secretary.
^
Following
Board
of
of
meeting
a
Directors
the: Manhattan
New
of
of
the
the' Bank
Company"
of
24, F. Abbot
President, ; announced
York
Jan.
on
Goodhue,*
urers, and Elsworth F. Keppeler
has been elected Assistant Secre¬
Nils F. Brandin,
Vice-Presi¬
dent of Bankers Trust Co. of New
York, died on Jan. 25 at his home
in Summit, N. J., after a brief ill¬
ness. ' Mr. Brandin
was born hi
a
the promotion of William J. Ahern
from Assositant Vice-President to
New York City 53 years ago and
Vice-President.
had recently
Mr.
Ahern
will
be
officer-in-charge of the Brook¬
lyn division of the bank, succeed¬
ing Ansel P. Verity, Vice-Presi¬
dent; who will retire on Feb. 1
but will remain with the bank as
Chairman of the Brooklyn Com¬
mittee.
Mr.
banking
ics
a
Ahern " began
career with
Bank
his
the Mechan¬
of
Brooklyn in 1905 as
messenger,
He became associ¬
ated with the First National Bank
of
Brooklyn in 1908, and in 1928
with, the Bank of the Manhattan
Company through
been
Assistant
merger.
He has
Vice-President
in
celebrated the 25 th
anniversary of his association with
Bankers
with
service
Co.
Trust
the
During
bank, he
and
nized
a
recog¬
in the field of
credit.
He
had
charge of the
banking business Of Bankers Trust
Co.
in
the
1919,
Credit
Five
West.
Department
made
was
Middle
an
in
and
1928
Assistant Treasurer.
later he
years
became
As¬
sistant Vice-President and in 1939
charge of the Borough Hall office,
was
Mr.
Robert M. Brandin, is 3rd
Secretary,
American
Embassy,
Madrid, Spain, and another son,
Donald N. Brandin, 2nd Lieut.
Field Artillery, is ,now serving
with the Army in Europe.
Ahern is
former Treasurer
a
of
the New ,York State Bankers
Association, a former Chairman of
Group VII, New York State Bank¬
ers
Association, and is active in
the
American
Institute
of
Bank-'
ing
and local charities both
Brooklyn and Long Island.
elected
A
son,
in
E. Chester
The
Arthur S.
Vice-President.
a
Public
Gersten, President of
National
Bank
and
Kieeman,
President of Trust Co. of New
York, announced
of New on Jan. 28 the
appointment of
York, in presenting his report at Lieut. Col.
Gordon. L. Chapline,
the annual meeting on Jan.,;
16, A. U. S., as Assistant Vice-Presi¬
the
Colonial
Trust
Co.
stated that "our institution's total
resources
$53,176,000
deposits,
U.
Dec.
on
$65,261,000,
31,
1945,
were
contrasted
as
with
Dec. 31,
on
excluding
1944;
those of
our
the
S.
Government, which were
substantially the same :on the
two dates, increased
approximate¬
ly
27%
plus
*
and
during
1945. Our
undivided
profits
sur¬
in¬
creased
during the year from
$620,000 to $1,009,000; thus, with
our capital of
$1,000,000 and $500,000
by
capital debentures purchased
interests identified with the
bank's management, our total
cap¬
ital funds on Dec.
31, 1945,
$2,509,000,
as
620,000
were
Dec. 31, 1944.
on
contrasted with $1,-
"Our
special
added, such as
sion
and
and
two
our
ments,
have
Public
activities.
Lieut.
Col.
Chapline is a graduate of U. S.
Military Academy, West Point,
N. Y. He has had extensive
experi¬
ence in the finance and commer¬
cial
paper
Department/
established, our
Travel Depart¬
our
assumed
increasing
.meeting
National
business, having been
J.,
Land
Title
Bank
$627,198,
recently
which
completed
covered
between
Africa.
Air, Inc.
a
survey
TWA's-ATC
air
Europe and North
as
a
Trust
Vice-President
of
the
board
of
elected at
the annual
stockholders
Jan.
on
meeting of
21.
organization
subsequent
At
the
changes
D.
Treasurers
Assistant
named
were
Vice-Presidents;
Branch
Man¬
agers Rodney L< Jack, Lewis H.
Keiffer,'
Louis
William
ings of U. S. Treasury obligations
by $142,236,392, constituting 97%
of
investment portfolio.
our
The
and
-
months, ; but based on;
seven
the first call dates
that
was
of the bonds
callable, the average life
four years and six months."
are
All directors
re-elected.
were
7
declared
$5
Lloyd, Emanuel, M.
and
Gimbel
Steinberg
Trust
Gordon
Investment
Offi¬
Lindblom
were
N.
ard E. Foehl and Robert Sherman
named Assistant
Joseph Smith
tant Manager
Treasurers;
named Assis¬
was
of
$4
the
Customer
Mercantile-Commerce
and
Trust
Mo.,
announced
Mr. Cravens is with the
F. «Deiss
Thorn
: was
made
Edward
Assistant
Officer
Investment
Trust
made
was
Officer;
and
commer¬
cial
bankingdepartment of the
bank and is regarded as an au¬
the A. B, A.
Trust
on
Presidents of the bank, as mem¬
bers of the board of directors.
liam M. Gonzalez and Maxwell F.
named Trust Of¬
Bank
St. Louis,
Jan. 18 the
election of Kenton R. Cravens and
William A. McDonnell, both Vice*
tant
ficers: John W.
par
Company,
well
Assistant
$100
Jan. 9.
on
W, L. Hemingway, President of
Officers John W. Clegg. Jr., Wil¬
were
the
on
the
Section Department and Edward
J.- Cade
was
made
Assistant
Branch IVtanager; Assistant Trust
MacNally
extra dividend
an
share
a
holders of record
named. Assistant Vice-Pres¬
Assistant
share and
a
of
quarterly dividend of
a
Klingsberg, stock, payable Jan. 15, 1946, to
M.
J.
Qliner
were
as
hold¬
Harry I. Lauer,
Directors. of* Northern
Trust
Litzenberg, arid Charles Company, of
Chicago, 111., have
Miller
cer
our
Fulmer,
Charles L.
H.
transfers,
have increased
average
maturity of the U. S.
Government securities we owned
of *>n Dec. 31, -1945,. was „six
years
Lloyd R,
Bechtel, J. Ross Burbouse, Rob¬
ert
"We
the
board,
a,
number /
in the assignment
of
duties, m
the company's exec¬
utive personnel were announced.
These are as follows: '
JoT
Assistant
making these
indicated.
meeting
thority
on- consumer
credit, as
having held many impor¬
as
in
positions
the
field
with
Mr. McDonnell be¬
associated with the Mercan¬
came
tile-Commerce
in
1944,
having
formerly
been Executive VicePresident of the Commercial Na?
tional Bank in: Little Rock, Ark.
At
cer.
the divisions, including
general
operations,. banks and bankers,
and «avirigsi s He has been active
The
board
American
directors
of
Security
and
of
Trust
on
Jan. 15 the election
Daniel
W.. Bell,
formerly
Undersecretary of Treasury of the
United States, as President;* Cor¬
coran Thorn, formbr; President, as
Chairman of the board.
of
Mercantile-Commerce,
supervision
Mr.
McDonnelf has
in
the
of
affairs
over
American
the
The
same
following changes and
additions to the bank's personnel
the
week
announced:
were
J.
Tim
-
Gallivan
Vice-President.
elected
was
his
the University:
of Illinois in 1925, Gallivan spent
Total deposits of The Cleveland a year as Secretary of the Paris,
Trust
Company
increased
by 111., Chamber of Commerce.
In
over $147,000,000 to reach an all1926, he entered the field of con¬
time high of $1,052,732,926, it was
reported
from
profits
of assets and
sale
recoveries from loans and invest¬
■
$75,878,000, or 16.75%,
Holdings of Government securi¬
increased
from
last
the
This compares
$26.27 per share.
With, $1,621,014,
equal to $11.74
year to $307,- per share for. the year 1944.
"During the year we trans¬
$230,728,500 of
As evidence of
ferred
valuation
to
reserves
$2,-
posits, the report notes that The
Pennsylvania Company's Govern¬
reducing the combined
earnings to $6,515,674, equal to
$47.21 per: share, applied as fol¬
ment
lows:
were
in bank de¬
holdings *at the end of 1942
$96,574,708, or less than one-
third
of
Since
the
nancing
its":
present
holdings.
beginning of
in
for
1942,
;
its
the
own
than
$1
securities.
billion
fi¬
war
bank
pur¬
account
distributed to its customers
rens
the
Pennsylivania
Company ; for Insurances on: Lives
and Granting Annuities were re¬
,
chased
.
The election of Charles D. Beh-
after
of
The
undivided pro f i t s accounts ments, .previously charged off or
amounted to $2,721,009, or $2.72 a written down, including f income
share, after the payment of divi¬ allocable to. prior years and other
dends of $1,600,000, or $1.60 per income adjustments, after provi¬
share.
During the past year the sion^for
bank's y total
deposits increased amounted to $3,625,283, equal to
1944 period.
He
and
of $3.05 in the previous
year. The
net increase in both reserves and
rapid expansion
Continental and Western
of
graduation
Following
from
credits and has since been
sumer
associated with
spent in the
where he
LieutenantBefore joining Mer¬
Navy,
States
United
of
rank
the
held
it, except for 39
which he
months,
Commander.
or
the
Lines, Inc., and Trans-
members
7.25%; over the 1945," the report states, "current cantile-Commerce, Mr. Gallivan
from operations after represented the Commercial Cred¬
gross
income of $8,651,506 re¬ earnings
interest
On
capital it Company in various parts of
ported the previous year.; The deducting
net. operating income of the bank, notes,
depreciation on - banking the country.
John J. Fox, Assistant Viceafter taxes, and excluding securi¬ bouses and after provision for
ties profits and recoveries, was Federal income, taxes amounted President, who has been with the
$3,323,929, an increase of $276,729, to $4,893,144, equal to $35.46 per bank since 1933 in various capaci¬
This compares with $4,- ties, was elected a Vice-President; :
or 9.08 %,
The operating earnings share.
J.
Chapman, Assistsmt
per share of capital stock were 532,815, equal to $32.84 per share William
$3.32 as contrasted with earnings for, the year 1944. Non-recurring Cashier, was promoted to Assist
of
the
Air
All
directors
by
I. F. Frieberger,
annual report of The Pennsyl¬ Chairman,
and
George
Gund,
vania Company for Insurances on President,
at
the 51st annual
Lives and Granting Annuities, of meeting, of the bank's stockhold¬
"For the year
Philadelphia. This is an increase ers on Jan. 16.
$.
the U.
by 1,162 accounts.
Company, of Washington, D. C., Bankers Association.
Gross operating income of $9,278,705 for the fiscal year ending
last November 30, 1945, was' an¬
nounced on Jan. 21 in the 133rd
Army administering the contract¬
ual
relationshipsbetween
the
Army Air Forces and Mid-Conti¬
nent
was
of
980,000
in
Terry
Philadelphia, Pa.,
has announced the appointment
of Raymond L. Hayman as Cor¬
porate Trust Officer and Harry K.
Loper as Assistant Secretary.
Company
ties
was
-
announced
four
he
of
elected Assistant Cashier.
identified with companies
special¬
years
share in June, 1945,
per
$3.505 in December, 1945. The
balance ofy$718,614 added to un¬
participating accounts increased divided
profits, increasing this
1,431 from 1,274.
The report account
to„$3,315,637, making, the,
states that the : Common Trust
combined-' surplus and undivided
Fund for Legal Investments, es¬
profits $15,515,637.
tablished in 1944, now aggregates
"In other words, capital funds'
$8,052,384 and is participated in have increased
$37.81 per share,
Rutherford,
Bank,
William
J.
izing in these fields. For the past
route
departments," he
Foreign Divi¬
He will be identified, with
National's i out-of-town
business
our
Trust
newly
Clearance and
dent.
N.
a
Seven
after joining the bank in
he became
head
of
the
years
recent
the
board of directors of the Ruthier*
was
authority
himself,
was
At
ford
dends, $3
and
Frederick C. Fiechter was named
Assistant. Corporate Trust Offi¬
his
active in the Robert Morris Asso¬
ciates
tary."
the pension
account, $897,000 %
paid to stockholders in two divi¬
to
made Assistant Treasurers; Rich¬
which this information is learned,
also says:
1946
to
of
Buffalo Savings Bank of Buffalo,
N. Y., was announced on Jan. 15.
The Buffalo "Evening News," from
of
Treasurer
as
.
been President.
number
idents; Assistant Investment Offi¬
cer
William
P.
Davis
III
and
changes
ings
the
the
Eisenhardt
Institution of New. York; Frank J. Miller, who has been
Trust and for three years he was Thurman Lee, President; Andrew
Secretary,' has been elected ^As¬
with the Paris office.
Going into Mills; Jr., Chairman of the Board; sistant Vice-President, and Charles
active service in February of 1942, M. Kenneth Frost, Executive Vice-? N,
Weig, who has been Assistant
as a Lieutenant in the Naval Re¬
President; Gustave Bottner, Jr.; Treasurer, has been elected Audi¬
serve, Mr. Murray was a Lieuten¬ Treasurer and Comptroller.
tor, a new position.
Alva W.
Mr. Mills, who becomes Chair¬ Maischoss and
ant Commander at the time of his
Floyd P. Jankowski
man of the board, had previously
release.
have been elected Assistant Treas¬
Foreign
and
year
were
&
Hoffmann; William N.
Westerlund, President of the Ma¬
rine Transport Lines, Inc., and
At
Thursday, January 31;
16 by
James R. McLaren, Jiigh point during the past fiscal
President of the bank.
Mr. Behyear.
The Discretionary Common
rens is prominent in Brooklyn real
Trust Fund increased to
$27,estate circles.
'*
945,483 from $18,792,455 the pre¬
on
or
more
of ^.Government
1
;
y
.
.
Kings County Savings Bank of
Gross earnings of the Trust De¬
Brooklyn, N. Y., was announced partment again? reached a new
002,753;
'
*
$3,000,000 added to surplus, in¬
creasing it to $12,200,000; $1,500,000 added to the reserve, for re¬
tirement of capital notes, increas¬
ing it to $5,000,000. If this fund
were
now applied,
capital notes
would be reduced from $11,000,000
would
aaa
and & surplus
be increased from $12,200,-
to
tM
$6,000,000
n
onn
nAA*
CdHA AAA
orlrloH
tant
R.
Vice-President, and William
was appointed Assis-:
Cashier.
William W. Hib-
Mclver
tant
bard
Statistician•Ed¬
Bosse, who has been onj
appointed
was
of the bond department and
H
win
leave as a Lieutenant in the U. S.
Navy;
was
■
appointed
Trust Officer.,
Assistant
;
~
•
The Louisville Trust
Company;
has retired
$300,000 of its preferred stock, last
of an original issue of $1,000,000,
held by the Reconstruction Fi¬
nance Corporation, Earl R. Muir,
President, announced on Jan. 22.
.
of
Louisville,
The Louisville
of Jan. 23
:
Ky.,
"Courier Journal"
reporting this added:
the
"Simultaneously,
ment added
account,
surplus
close
of
manage¬
$500,000 to the bank
so
business
that
the
at
yesterday
cap- ;
ital funds of the institution aggre- :
This
gated :$3,425,000.
cludes
common
total
in¬
stock, $1,000,000;
™
n-scfo
ftddV'
*
.Volume
163 -Number
4460
I
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Moody's Bond Prices And Bond
Moody's computed bond prices
given in the following table.
and
Yield Averages
bond
yield
averages
are
U. S.
Daily
Averages.
Jan.
Govt.
,
££
Corporate by Ratings*
rate*
Aaa
■
126.171,
119.00
A
"Aa
Corporate by Groups*
•
R. R.
.Baa
P. U.
Indus
.
123.12
28—_____
121.25 > *118.80
126.23
119.00
123.12
121.25
119.00
126.28. 119.00
.123.12
121.25
119.00
.113.31
126.28
119.00
123.12
121.25.
119.00
113.31
24
123.28
119.00
122.92
121.25
118.80
113,12
115.63
119.20
23__—,
126.25
118.80'
122.71
121.25
118.80
113.12
115.63 '
119.20.
122:09
22
126.20
118.80
122.71
121.04
118.80
113.12
115.43
119.00
-121.88
112.75
121.88
..
—
21
__i
126.20
118.60
122.71
120.84
)
:
,
.
126.17
118.60
122.50
121.04.
118.60
126.06
118.60
122.50
120.84
,
118.60
126.05
118.60
122.50
121.04
118.60
126.17
1*13.50
16
-115.82
•119.41-
113.31:
118.60
19—1
18___
17—
;
*
115.82
119.41
115.63*
119.41
i
14_:
122.09
:'122.29
-122.09
•
.119.41 .122.09
115.63
122.09
115.24
119.00
112.93
115.24
119.00
121.88
112.93
115.24
118.80
115.24
118.80
121.88
115.24
118.80
121.67
115.24
118.60
-121.67
118.60
122.29
120.84
118.60
112.75
126.24
118.40
122.29
120.63
118.40
112.75
118.40
122.29
120.63
,'j
118.40
112.75
118.60
126.18
118.20
122.09
120.63
118.20
112.56
115.04
118.40
118.20
122.09
120.63
118.20
112.56
-115.04
118.40
118.20
121.88
120.22
118.20
112.56
114.85
118.40
118.20
112.56
114.85
112.56
114.85
118.20 '• 121.04
114.85
118.20 ,120.84
ad-
yanced; in the preceding week 7 declined and 7 advanced; in die
fcecond preceding week 7 declined and 9 advanced.
:..-.vv
118.20
121.88
120.22
118.00
121.67
120.22
125.30
118.00
121.671 120.22
125.22
117.80
„
4—J..'
121.46
120.02
117.60
112.37
121.67
119.82
117.60
112.37
114.66
121.67
119.82
117.40
112.19
114.46
117.60
121.46 f 119.82
Exchange Closed
i
117:40
112.19
114.46
125.18 .117.80
117.80
3-—125.03
2-———;.. 124.97
..
1
Dec. 28,
Stock
1945
120.63
117.80
121.25
119.82
117.40
112.00
114.27
117.60
119.41
117.20
131.44
114.08
117.20
124.17
117.00
120.84
119.41
117.20
111.25
113.89
117.20
Total Index
116.80
116.80
120.63,
119:41
117.00
110.88
113.50
117.00
116.80
123.44
26
117.00
110.70 1
113.31
117.00
117.00
110,70
113.50
116.80
120.84
143.4
146.6
V 144.9
,163.1
116.41
1946
112.93
115.63
112.93
115.43
115.43
120.63
118.80
115.43
107.44
112.19
114.85
120.84
118.40
115.04
107.09
112.19
114.27
119.20
114.85-
121.04
118.40
114.85
106.04
111.25
114.27
120.02
118.60
114.46
106.04
110.52
114.08
119.41
118.00
113.70
105.17
109.24
113.89
123.12
121.25
118.80
113.50
115.82
119.41
122.29
117.40
117.80
124.97
117.60
121.46
119.82
112.56
119.41
116.02
112.19
114.46
1945—
124.84
117.60
121.25
119.82
117.40
112.00
il4.46
117.60
113.50
118.80
117.80
113.31
104.48
108.52
113.70
113.89
119.41
118.00' 113.50
105.17 * 109.24
113.89
•
*
:Jan.
119.47
111.07
118.20
116.22
111.25
100.16
' 104.14
113.31
116.41
(Bas?d on Individual Closing Prices)
1946—
U. S.
Daily
Averages
Govt.
Avge. ,v^
:
CorpoCorporate by Ratin;
Bonds
rate*
29—
1.32
28—
Aaa
2.70
Aa
ports,
1926-1928 base
■
110.2
110.2
106.4
160.4
158.4
154.1
;vi27.0v
127.0
127.5
125.4
118.2
118.2
118.2
119.8
119.9
105.2
105.2
105.2
104.8
141.8
142.1
142.3
2.50
2.59
2.71
2.70
1,31
2.70
2.70
2.50
*2.70
2.51
-2.59
2.52
*2.59
2.71
2.52
2.60
2.71
1.31V
—
2.50
...
2.71
•>'.1.32
21
2.86
2.98
,
L
.......
Jan.
were:
26,; 1946, 110.5;' Jan. 19, 1946,
140.1
110.7,
and
;
i
ij,
2.71V;
1.32
2.72
2.99
2.86
2.70
2.99
2.87
2.68
2.55
2.70
2.99
2.87
2.68
2.55
2.52
2.71
2.61
2.68
2.87 <
3.00
'Jr
3.00
2.72
'i1
3.02
V
2.55
Central IndustriaL...^.^..^.^.
2.56
West Central-
! 2.70
,2.56
.
.2.89
2.60
2.72
3.01
2.89
2.70
2.56
Rocky Mountain.
2.61
2.72
3.01
2.89
2.71
2.56
2.72
2.53
2.60
2.72
3.01
2.89
2.71
2.72
2.54
2.61
2.72
1.32
2.73
2.54
2.62
2.73
3.02
14
1.32'
2.73
2.54
2.62
2.73
3.02
12
3.02
2.71
2.72
2.57
2.89
2.72
2.74
2.55
2.62
2.74
3.03
2.90
1.32
2.74
2.55
2.62
2.74
3.03
2.90
1.33
2.74
2.56
2.64
2.74
3.03
2.91
1.35
2.74
2.56
2.64
2.74
3.03
2.91.
8
1.36
2.75
2.57
2.64
2.76
3.03
2.91
7—
1.38
2.75
2.57
2.64
2,77
3.03
1.38
2.76
2.58
1.38
2.76
2.57
2.66
3
1.40
2.77
2.57
2.66
2.65
2.77
2.73
2.59
2.73
2.59
2.74
.
2.60
2.92
2.75
2.92
2.76
2.93
3.04
2.61
2.74
2.76
2.61
2.61
"
1.40
2.77
.
2.58
2.78
3.05
.
2.61
^
2.66
2.78
3.05
2.93
Exchange Closed
J
2.62
2.76
2.94
x
2.77
28, 1945-
1.42
2.78
2.59
2.78
21
1.45
2.79
2.60
2.79
14.
1.46
2.80
2.61
2.79
7.
1.47
2.81
2.62
2.80
3.12
2.98'
2.80
2.64
Nov. 30.
1.49
2.81
2.62
2.80
3.13
2.99
2.80
2.64
23.
1.50
2.81
2.61
2.80
2.98
2.81
2.64
2.81
V 3.13
8.61
2.81
2.81
,li.53
2.82
2.62
2.82
2.62
2.83
'1.56
2.84
2.62
;
1.55
2.84
2.62
2.64
2.79
2.64
2.99
2.84
2.61
2.84
2.61
2.84
2.81
3.00
*
DATA FOR RECENT WEEKS
2.81 1
1945
out:
Oct.
13———'—
Oct.
20__
Oct.
27
Nov.
-
'4,028,286
3,934,394
3,914,738
1944
2.83
2.66
3.02
2.83
*
;
!
3.03
3.04
"5.20
5.21
June 29
2.84
2.61
2.86
3.05
2.85
2.61
2.84
3.25
3.03
2.85
2.68
2.86
2.61
2.86
3,27
3.01
2.87
3.23
x.-,
—
2.85
2.60
2.85
3.27
2.88
2.62
2.88
3.31
1.63
2.89
2.61'
2.90
3.33
Mar. 31-
1.66
2.91
2.60
2.91
3.39
3.10
Feb.
23
1.69
2.92
2.65
2.93
3.39
3.14
Jan.
26
1.77
2.96
2.68
2.97
3.44
3.21
1.40
1.31
2.77
2.58
2.78
3.05
2.93
2.70
2.50
2.70
2.98
2.87
1.80
2.98
2.71
2.99
3.48
3.25
1.41
2.77
2.59
2.78
3.06
2.98
3.44
19461946
3.01
,2.69
2.94
2.69
2.94
v
2.95
Nov.
10L2—
17——
4,354,939
—
2.76
of
1,793,584
1,818,169
1,718,002
the
—10.6
4,560,158
1,518,922
1,806,225
9.7
1,840,863
.4,154,061
4,563,079
4,566,905
4,612,994
1,563,384
Dec.. 15-
1,554,473
1,860,021
Dec..22———w-i---.
4,239,376
4,616,975 i
1,414,710
1,637,683
3,758,942
4,225,614
—11.0
4,295,010
4,337,237
1,619,265
1,542,000
1946
1945
under 1945
3,865,362
.4,427,281-
29,
29,
2.74
1945-
1
2.93
2.77
; 2.62
3.21
2.96,
2.72
1944_
'These prices are computed from
average yields on the basis of one '^ypicar bond
coupon, maturing in 25 years) and do not
purport to show either the average
level or the average movement of actual
price quotations.
They merely serve to
Illustrate in a more comprehensive
way the relative levels and the relative movement
of yield averages, the latter
being the true picture of the bond market.
(3 A %
.
NOTE—. The
fssue
of
the
—
9.0
~
Jad. 12^-^—4,163,206
—
8.2
4,588,214'
4,576,713
Feb,
—
*4,145,116
J4,040,000
v
/ '
1929
1932
1944
1,733,810
—12.7
4,614.334
Jon. 19
r
'Revised.
4,567,959
1,602,482
9.8
4,539,083
4,531,662
4,523,763
4,524,134
1,598,201
1,736,721
1,588,967
1,717,315
1,588,853
1,728,208
1,578,817
1,726,161
—
9.7
—
—11.7
.
■•,
4,538,552
.
^Preliminary.
the
Davis
present contract," Dr;
said. "The increased cost
materials and labor has made
construction
total
cost
con¬
siderably in excess of the amount ■
of the Foundation's gift:
We ex- /
pect these facilities to be provided I>
later
as
funds become
additional
available," he continued. "In the
meantime, the building will make
almost 40 % more space available :
exercise thari was originally
for
contemplated. This will be a dis¬
tinct advantage during the period
that lies immediately ahead when
enrollment
is
expected
to
be
higher than will be normal later
on."
Senate to
John C.
investigate Demobilization—
Hegeman, head of the
Hegeman Harris Company, is an
alumnus of Stevens, class of 1905.
President Defends Slowdown
2.55
2 Years Ago
Jan.
4,538,012
% Change
—
'
1,531,584
4,403,342
Jan, 26—i-j1—
^
1,798,164
—12.1
<
shower ;
*--10.2
4,524,257
.
heating,
1,815,749
■.
5_
and
1,520,730
4,368,519
Week Ended—
rooms
1.525.410
3,841,350
Dec.
1
4,042,915
Dec. •••8--——" | 4,096,954
Jan.
,
radiation
.
4,413,863
9.7
1,475,268
1,510,337
29——
with
--10.5
—
\
I
4.482,665
4,513,299
Dec.
of locker
baths
1,824,160
—10.5
,
was
1,533,028
<
—
building
4,415,405
4.452,592
9.9
—
4,450,047
Nov^. 24--#-,—W—-
the
these facilities have been omitted
4,396,595
2.62
.
2.97
-
list
used
In
"Chronicle"
on
compiling the averages
page
was
given
in
the
Nov.
22,* 1945
2508.
National Fertilizer Association
Price Index Declines
His
company' built
two
dormi¬
Commodity
Moderately
A month ago the index stood
„
protests of troops overseas who see their hopes dashed
of early return home by the slowdown in demobilization procedure
tories, Palmer Hall and Jacobus
and, two of the towing
The
mass
Jan. 10 of
special Senate Military sub¬
committee td 'investigate the whote demobilization situation, the Asso¬
ciated Press reported from Washington, adding that Senator Edwin
C. Johnson (D.-Col.), was named Chairman of the Committee. Sena¬
tors
Briggs
(D.-Mo.)
on
comb f (R.-W.f Va.) are^ the other
members of-the; group.
Saying
that
the
soldiers'
demonstrations
"distressing and
humiliating
to
all
Americans,"
Senator
Johnson
told
reporters
overseas
were
at its
highest
ized and clarified and that "Con¬
gress must
determine the military
policy of this country,"
He also
asserted, according to the Asso¬
ciated
ment
Press, that the War Depart¬
Was;
pledges"
made, to
repudiating
about
a
Hall, that were completed in 1937,
are
for
used
tanks that
work
research
Stevens.
.
.
at
.
.
?
and Rever-^
that the situation would be stabil¬
The weekly wholesale
commodity price index compiled by The
National Fertilizer Association and made
public on Jan- 28, declined
moderately in the week ended Jan. 26, 1946 to 141.8, from 142.1 in
the preceding week,
'
:
from
3,948,024
2.72
2.96
-
of
Trustee
1,798,633
'
2.68
alumnus- and
an
■
1,806,403
: 3,984,608
2.68
-
'
•
of I
'Foundation;
1,507,503
1,528,145
9.6
—
4,345,352 I
4,358,293
1929
2.69
2.91'
3.05
:
house. Mr. Mott, President-of the Founda'tion, is a Di- ?
rector and former Vice President \
of'General Motors Corp., a' pio* :
neeF in the automobile industry,
and
1932
2.68
2.88
•
,3.05
:
!Mott
Stewart;
culminated in formation
1945
1945
2.66
1 Year Ago
Jan.
April, and the building will be
ready for use Sept. 1. The Charles
4,341,754
4.382,268
7.9
4,354,575
3,899,293
,
1943
'
1.60
—
It is expected that ground for the
house
will; be broken in
field
"Although
2.70
*
>.■1.64
Low
2.65
2.85
2.83
27_
High
2.65
•
1.64
May 25
Lew
2.66
2.84
1.63
Aug. 31
July 27
High
r
-1.65
Sept. 28_
Apr.
on the college
camp-;r
has been awarded to Hegeman ;
Haris
Co.,- Inc., of New- York.*
us
planned for the complete equip-,
ping^ of an athletic headquarters I
(Thousands of Kilowatt-Hours)
under 1944
4,375,079 (
3.937,420
J
Nov.
2.65
3.01
' 3.20
on l Jan.
16, ■
.the contract for the construe- ;
Stevens.
|
% Change.
2.65
3.00
3.19
•
!
Field House"
"v J9.7
*11.7
———
Week Ended—
'
3.16
2.84
1.59
3.15
:
2.84
'1.57
5_—
2.79
2.96
3.14
2.84
19
"V*v-
2.95
v,
'
tion of "The Charles Stewart Mott
iind
'
11
V
3.09
3.10
2.82
1.55
26
2.62
"
,
r
the field
2.64
1.52
3.06
■
v
nology, 'announced
that
'
2.58
2.73
>
yet home, but*
already back at*
firesides.
Dr. Harvey N. Davis, President
Stevens Institute of Tech¬
■
^Revised.; lincrease.
'Preliminary.
2.58
2.73
.
2.91
3.04
2.77
,
■. • •
10.5
12.4
—
2.57
1.32
4—IIIII
•
—^—-—-
Total United States
2.57
2.89
10
many are
own
2.56
,
2.89
mi
11
f
Week Ended
.
14.5
—
Pacific Coast
15_
that.,
of the
-
4.6
Southern States-,—.—
2.53
2.53
1.33
not
Flint, Mich., made a .grant" of t
$110,000 for the construction of >'
2.8
2.72
.
•
.
iflddle Atlantio^v—
2.55
2.70
2.69
|2.88v
not
Construction Contract
week
J^i9
Hew RWglMlH
2.72
,
v,
Major GieogrsphicAl Divisloas-?^
{
,2.69
2.87
3.00
is
soldiers, sailors and
Stevens Inst. Awards
S
2.54
1.32
Stock
same
•
1.32
1
l|p||§
"
2.70
2.59
'2.59
;
17
2
11.7% below that of the
PERCENTAGE DECREASE UNDER SAME WEEK LAST YEAR
2.55
^""12.59
2.50
16
9
was
.
1.33
—_
18
26, 1946
in 1945,
;; Indus.
2.(38
so
their
-
1.31
22
P- U.
wonder
119.9
that
Industry of the United States for the week ended - Jan. 26,
approximately 4,040,000,000 kwh., which compares with
4,576,713,000 kwh. in the corresponding week a year ago,, and 4,145,.116,000 kwh. in the week ended Jan. 19, 1946. The output for the
Corporate by Groups*
R. R.
once
j The
carry
the
Marines tothey reach our1^
118.3
119.8
•
was
week ended Jan.
Baa
1.31
24—
Oct.
their homes
(power
■ r..
A
1.32
-
25.——
19
130.4
110.2
„„•;
combihedli--i
27," 1945» 109.1.
11946,
MOODY'S BOND YIELD AVERAGES
23
160.2
mated
1944-
26—
166.4
129.0
The Edison Electric Institute, in its current weekly report, esti¬
that, the production of electricity ,by the electric light and
12 Years Ago
29,
All groups
-
Indexes 'on:
118.60
120.63
1 Year Aeo
1945-
161.7
•129.4
Electric Output for Week Ended Jan. 26,1946
11 J% Below That for Same Week a Year Ago
118.20
120.81
100.5-
120.63
120.55
29,
161.2
160.4
•.
...
Fertilizers.—..—.......
machinery- V
;.r.
118:60
119.00
port! sufficient : to
soldiers, sailors, and
203.5
119.41
113.89
before discharge and in rail trans¬
167.3
■;
stagger¬
are
consider what they
you
ships, in extensive staffs!
required to carry out processing
233.2
<
119.20
114.66
108.52
1945—
High
Metals..
Farm
119.20
115.24
116.22
numbers
in
mean
'
119".4l
122.38
164.9
119.00
108.16
120.88
1946
108.16
116.02
126.28
26
115.82
119.20
121.92
—
119.20
121.04
122.01
■
119.00
120.84
116.02
122.29
mitt"
120.84
115.82
161.8
;
These
ing when
are
119.82
116.02
a
From the
Corps, which totaled
more than 183,000
The Coast
Guard, with 180,000 men, has de¬
mobilized over 74,000.
our
119.82
122.39
million and
Marine
of
120.02
116.80
116.02
-
V
nearly 486,000,
Marines
Chemicals and drugsi^^^^.^u,;,
Fertilizer materials...
112.93
the
some
Building materials—"
113.12
a
quarter to civilian life.
133.4
120.02
112.19
returned close to
155.5
120.22
109.60
has
3,500,000, the Navy has already
133.5
116.80
110.15
:
of
159.3 V
116.80
108.88
»
159.0
113.12
116.22
pursued % an
Navy
133.5
113.31
116.41
The
•.Textiles...—v.: 159.8
110.34
115.82
169.6
•
110.52
119.20
enormous.
equally vigorous policy in speed¬
ing the separation of its men and
women.'
Out of a peak strength
Miscellaneous commodities.^.^—133.5
•
been
released well
over half the 8,300,000 in service
when the European fighting stop¬
ped. -More than 4,750,000 men and
women have
passed through the
separation centers.
Livestock—157.8
,Fuel8i.^.«..—•—...
129.1
116.61
118.80
232.9
-.
116.80
120.63
has
task
The
10.8
.
within the
The Army has now
17.3
119.41
120.84
172.9
169.7
119.41
116.22
163.1
170.5
237.8
......
Grains
163.1'
168.3
119.41
122.93
23—
Dec
144.1
146.6
120.63
122.09
Mar. 31
Jan.
142.5
120.63
116.02
ly45
Cottonseed Oil_.
120.22
:
1945
146.6
Cotton.
120.22
119.41
Ago
Jan. 27,
1946
Farm Products.
23.0
demobilization
the
far accomplished
services, Mr. Truman said:
Year
Dec. 29,
v;-141.3 •
116.61
122.92
May 25—
Apr. 27
H)gh
119.41
120.84
Month
VAgo /•;:
Jan. 19,
1946
26,
Fats and Oils—.
116.61
122.19
June 29
Jan.
,</
Foods
123.28
„
Sept. 28
Aug. 31,
July 27—
Jan.
116.80
120.63
; Jan.
:
•
-123.05
9
2
Feb.
•
:v:V">VT
.
25.3'
120.22
23„u—123.70
Latest Preceding
Week
JrV'KiV
!
INDEX
Association
Week
Group
100.22
124,06
123.81
COMMODITY' PRICE
The National Fertilizer
1935-1939=100*
Sach Group-;
Bears to th»
120.22
16.:—
Jan.
"
120.63
121.04
WHOLESALE
Compiled by
120.84
117.40
—
Low
120.84
117.20
:
Low
118.00
117.80
>11?.8<T120,84
124.67
„
...—
NOV. 30
Oct.
114.66
124.28
21
'
117.60
WEEKLY
-
.125.80
5
115.24
of
Speaking
thus
have been discharged.
118.40 1121.25
117.80
117.60? 112.56
,
,
During the week 6 price series in the index declined and 5
j
121.25
9—
.
was up fractionally with the
malting barley prices a little more than offsetting the decline
quotations, v The livestock index dropped sharply with egg
prices declining more than seasonally, cattle prices declining, but
yrith quotations for calves and live'poultry advancing slightly.
The
food group declined for the sixth consecutive week
taking the index
pack to the same level of Oct.- 6. The fuel index declined resulting
from lower gasoline quotations; ' The textile
group advanced someWhat; All other groups of the index remained unchanged.
121.46
126.00
7—
:
one
advance and reached
in rye
121.46
126.11
8——125.55
;
subgroup? advanced and
marked
a
The grain index
121.67
12
11
10
.
The cotton index showed
v
all-time peak.
rise in
121.88
112.93
Two of its
-
-
126.24
15—___—
a year ago at 140.1,j all based on the 1935-1939 aver-*
The report went on to1 say:
;■
■vvv^v;v;v-v
•
r; Three of the composite groups of the index declined during the
latest week and one advanced.
The farm product group declined for
the fourth consecutive week and is now at the same level that it was
declined,
Average Yields)
26—1—
25—:—..
.
•/ '
100.
age as
a new
Corpo¬
Bonds
29
,
on
■
619
.
point,> 142.3, and
in the middle of October.
MOODY'S BOND- PRICES
(Based
1946—
.
.
"solemn
demobilization
Congress last September
by Gen. George C. Marshall, then
chief of staff.
President Truman
on
Jan. 8, ac¬
cording^ to the Associated Press,
came
to the Army's .support by
pointing out that the demobiliza¬
tion slowdown was attributable to
the "critical need for troops over¬
seas."
Presi¬
nation
share of
In his statement, the
dent
asserted
must
assume
that
its
"our
full
responsibility
for
keeping the
and destroying* the war
making potential of the hostile
nations that were bent on keeping
peace
the world in
a
state of warfare."
Moody's Daily
Commodity Index
Tuesday, : Jan. 22, 1946
Jan, 23————
—- ' 265.8
265.9
25—265.8
Saturday Jan. 26—,/.rr-.-266.0
Monday, Jan. 28—266.6
Tuesday, -Jan. 29
^
266.4
Wednesday,
Thursday,: Jan. 24^--^—-
Friday, Jan,
.
Two
weeks ago, Jan.
264.7
264.7
252.3
l5_—-j-——
Month ago, Dec. 29, 1945—.——
Year
ago,
1945
High,
Low,
1946
"
Jan. 29____—————r-
Dec.
Jan.
27——^.—
265.0
24—252.1
High, Jan. 28
-Low,
Jan.
2_-_'
—
—
:
266.6
264.7
:
THE COMMERCIAL; & FINANCIAL: CHRONICLE,
620
Thursday; January, 31; 1946-
"H'.Vff
Steel Production at
Unprecedented LowIncoming Business Is Still Heavy
long steel strike on re-
"Fearful of the devastating effects of a
but reluctant to take over the steel industry, the Admin¬
was again attempting to find some basis on which
con version^
istration this week
settlement could be
a
;
reached," states "The Iron Age," national metal-
working paper, in its issue of today (Jan. 31), which further adds:
"High Administration officials suspected of being the same ones who
entertained hopes of averting the
steel strike a few weeks ago, are ming
future quotas to enable
believed to be seriously seeking Cleaning up of carryover tonnage
which has been scheduled but not
price basis which would
United
States Steel
steel
a
produced.
the
allow
"Causing almost equal
accept the President's
compromise offer of 18 Vz cents, an
Corp.
to
hour.-
trical motors
''s
:
the steel strike to
as
and
concern
users
of elec¬
controls is
the
steel electrical equipment, tieup. Dis¬
industry leaders were to meet in ruption of already extended de¬
Washington this week to find a livery schedules foreshadows a
"Contrary to reports that
it
much
is
period in which users dependent
upon electrical components
may
of settling the steel strike,
means
likely that the
more
Administration asked Benjamin F.
President
of : United
Corp., to come to
Washington and again talk over
the steel price situation.
This
sudden trip by Mr. Fairless to the
Capitol where he conferred with
high governmental officials fol¬
lows fairly well the same pattern
of approach adopted by the Ad¬
ministration in its previous effort
do forestall the steel strike.
stitute
94%
of
for
the week
beginning Jan. 28,
increase of 0.8
an
point
or
the preceding week.
The operating rate for the week
from
beginning Jan. 28 is equivalent to
104,400 tons of steel ingots and
castings, compared to 89,700 tons
one week a£o, 1,476,300 tons one
month ago, and 1,625,200 tons one
become ? a
to
capacity of the
compared with 4.9% one week
ago, 80.6% one, month
ago and
88.7% one year ago.
This repre¬
16.4 %
voluntarily
the steel
industry will be 5.7% of capacity
sents
want
,
Jan. 28 announced that
on
ing rate of steel companies having
ing negotiations with the union, it
is expected that something better
than a promise of a price increase
will be demanded.
Despite the
steel firm's attitude that it did hot
18 Vz cents wage in¬
crease and a large increase in §teel
prices because of its possible in¬
flationary effect, a request by the
government to do so, supported by
a
big enough price increase do
compensate for past costs and a
new
wage increase would prob¬
ably be acceptable.
i
-;
; :
"Whether or not the Steel strike
party to
as¬
received indicated that the operat¬
Steel
"Before ,the United States
.
telegraphic reports which it had
makes any move towards resum¬
.
their
complete
*
V ;
*
The American Iron and Steel In¬
Steel
States
to
semblies'"
Fairless,
,
unable
ue
an
year ago.
"Steel" of
Cleveland, in its
of the iron and steel
kets, said in part as follows:
sum¬
mar¬
The company has
the
sult of.the steel
and have
flatly refused to
been able to
carry
on
further than its 15 cents an temporarily from stocks on hand.
hour offer.
Philip Murray having
"However; until the end of the
accepted
the
President's
com¬ strike consumption is expected to
promise offer and called a strike decline at an accelerated pace as
go any
to back it up is expected to hold
out for his wage demand and to
have ho
interest
whatsoever
inventories at the be¬
consumer
ginning of the strike did not aver¬
age more than 30 days supply at
in
what price deals are made between
most.
the government and the steel in*
that
Consideration
it
will
take
of
some
the
fact
time
for
mills to reSume full production
dustry.. '
"Up to the end of this week the after the strike's end is causing
country will have lost approxi¬ consumers to conserve stocks and
mately
2,900,000 tons of steel plan suspension of operations be¬
ingots since the strike began. fore their steel is gone.
„
.
,
Much of this cannot be made up
?
because
before
companies
high level
the
strike
most
be slow and
have turned
ers
of
.
p
i
come
-ter
v
.
made
emer¬
ence
upon
nerable.
lions,
come
from
the
priorities
strike.
strike
granted
before
i commercial educational
more
30-day supply; usually
less.:; Some foundries are
down, while others are producing
from stock but face closing in a
short time if iron production is
not resumed soon.
As resumption
of production by blast furnaces is
a
slow process full flow of iron
will require some time after the
a
strike is
is
age
some
and
over
expected
"
v
from
The
bill
a
placed recently, including 36,750
units for the French government,
divided among six builders.
The
Pennsylvania has distributed or¬
ders to; three "builders for 214
from
™Ync
"Whil4 inmdrv
'
mand
than
many
bill would
the musicians the
expected.
In addition to interest
as to the status of tonnage due or
the
possibly
period to crystallize advance proauction schedules. They are trim-
and
Loan
Principles"
of the
nationwide
he
entered
the
service
for
was
Legislation designed to restrain
the
American
Institute and
Loan
Savings
retail,
en
continued
route there has been
evidence
of
consumer
desire to get on mill books even
though ho definite promise can be
given.
Some leading mills have
publi¬
cations.
Musicians, AFL affiliate was
on Jan. 23 by the House
of
the past year we
have, distributed, at
blocks of securities which ranged in
many
amount from
$50,000 to $200,000.
approved
Commerce
Committee
In certain instances
by
a
vote of 14 to 5.
The intro¬
tion
by
duction of the bill on Jan. 16 by
source,
and
mittee, Clarence F. Lea, (Demo¬
crat) of California/ was noted in
our issue of Jan. 24, page 440. Mr.
Lea / stated that the legislation
issuing
they
who
dealers,
were
were
called to
in
our
atten¬
touch with their
informed on the status of the
company.
grew out
We
were
interested
are
from dealers and
of demands made upon
Petrillo: accord¬
in
receiving similar offerings,
others, of bonds and stocks which
suitable for retail distribution.
are
broadcasters by
ing to the Associated Press, Rep¬
resentative Lea said that he con¬
sidered
the
demands
the legitimate
within
not
rights of
any or¬
ganization, adding that a self-re¬
specting Government cannot af¬
The bill, ac¬
cording to its title is aimed to pro¬
BATTLES & COMPANY
ford to permit them.
hibit certain coersive practices
INC.
af¬
1528 WALNUT STREET
90 BROAD STREET
fecting radio broadcasting.
PHILADELPHIA
Associated Press Washington ac¬
NEW YORK 4
2
counts Jan. 23 said:
Experience and Ability
Distribution of
an
large blocks of securities for Estates or Individuals is
important part of our business. Experience as to the
best method to
lie used is essential.
Equally important is the Ability of a firm to dis¬
tribute
own
through its
through
our
Offerings
board.
organization. During 1945
on
the Exchanges
by Secondary Distributions off the
or
.
5,970
.
W
9,485
y3'K;
u
11,000
■
American Box Board
8,000
,
11,115
American Gas &, Elec.
/
Boston Edison
/:•
44
,;V
44
Kroger Grocery
Minn.
'■
-"-A, '
Boston Herald Traveler
;;
44
S
12,000
12,144
50,000
'
5,864
Comm. Pub. Service
44
;
;
Dewey & Almy Chem,
.
:
44
/¥/
44
El Paso National Gas
p.1',;;'
/First Nat. Bank of Erie
'
.
3,000
/
.
,
44
10,000
/Greyhound
Tampa Electric ''
Underwood Elliott Fisher
4,000
44
44
_
*4
5,100
:
;
Safeway Stores
8,400
-
.
;
.
Honeywell
N. E. Airlines
40,000
'
44
/ a
,
,
Walter Kidde
2,734 shares
Allied Kid
6,000, shares
distributed
23 offices, the following blocks of securities by Special
'
■
we
'
U. S. Smelt. & Ref.
;
Valley Mould & Iron
/Western Union "A"
Pawe, Webber, Jackson & Curtis
ESTABLISHED
Members New York Stock Exchonge
BOSTON 10
2i FEDERAL ST.
1879
and Other Principal Slocli and
NEW YORK 4
25 BROAD ST.~
Comtnoth ty Exchanges
CHICAGO
4
209 S. LA SALLE ST.
and
contributor
a
to financial and real estate
deny
right to strike,
D URING
in
director of education and'research:
for
Bill to Curb Petrillo
the powers of James C. Petrillo,
head of the American Federation
or-*
some years
HnseSroip Approves
trade interests
"Although
new
orders
are
slightly lower than during most of
period, incoming
(business is still heavy. Mills are
staking advantage of the strike
was
Assistant Vice-President-
July, 1942. He
the committee
at
the
that
and
co-operative banking business be¬
fore
(Am.Lab. N.
Rep. Marcantonio
.
pre-strike
misde¬
penalty of two years'
contended
the
Lt>
ganization of the savings and loan
imprisonment and $5,000 fine.
Y.)
Forces
retirement
w
lhe
.
a
was
Treasurer
infrac¬
Mr. Lea had proposed a
maximum
session
streamlined passenger cars",
an
to
felony
a
his
"Savings
and
Rep. Bulwinkle
by
(Dem., N. C.) changing
tion
a
Theobald is co-author of the text
offered by Rep. Lea was an
meanor.
was
the
change made in the
amendment
/
number of orders have been
as
He
shortly
given
Legion of Merit by General
of the Army H. H. Arnold. Mr.
a
originating outside the
only
Air
the
before
United States."
"Meanwhile, railroad car buy*
ing is proceeding at a good rate
and
for
station to refrain
broadcasting
any "radio
program
to continue,, for
time at best,
.
4—Forcing
with
years
Col. serving as executive officer
of the Office of Statistical Control
tural programs in which the
participants receive no money,
except expenses.
short¬
severe
a
>
three-and-a-half
Army Air Forces.
cul¬
or
the
_!ack of cast /crap dr0Dped sharply following
ljn<iries^m4. Soor shape walkout, there has been more destrike started.
a broadcaster to ;
refrain from broadcasting non-
much
5,000
a voluntary rationing,
with
when the
pZ 3—Coercing
■
the
Tight inventory condibefore
not
in
the
face
with
8,000
under such
pig iron makes it vul-
even
coupled
to
than
and
situation
5,825
j CPA is following a policy of issuing AAA ratings where necessary
foundry industry whose depend- having previously;
suspended ali
expected
present
limited
been
emergencies which cannot be met
,
The earliest ,mass casualty list
is
have
inventories
for
"Meanwhile, to provide steel
longer.
mu
given consideration and
gency maintenance and repair.
epercussions if it lasts four weeks
cr
are
in particular that effort be
to have steel available for
the steel strike goes into its
ihird week with far more serious
:
their
and to comply with the
request
the Civilian Production Ad¬
needs
propor-
nch in steel supplies will
been almost fantas¬
ministration for voluntary
cooper¬
ation in
seeing that only spot
no
;? Ions.', It is expected that the real
i
distributors
be afforded.
demands on ware¬
as can
Distributors in general have
responded conservatively to make
sure available
supplies were being
equitbaly divided among custom¬
lack of steel pro¬
duction because of inventories and
because of steel already on the
way to their plants. •' This week
the number of steel users affected
serious
many
tic.
unaffected by
reached
cases
some
houses have
strike most steel consumers Were
n: eans
help
In
mating and processing plants.
shipments
to steel
for such
"During the first week of the
/
foundries
having small stocks,
in absence of mill
The
slightly larger but had by
League Post
as¬
suspended fairly promptly, to pre¬
a quick start after the
strike; But most shops in a posi¬
tion to operate have done so and
total wages lost is: much greater
because of. shutdowns at steel fab-
was
Loan
,.
pare for
hourly employees in the steel pro¬
ducing companies, more than $30,000,000 in wages will have been
i
fabricators,
some
Theobald In New Savs.
1—- Compelling a radio station
r
suming post-strike shipments will
operating at as
as
possible.
On the
other. hand, including only the
were
lost by the end of this week.
"In fact,
would prohibit the
measure
Musicians' union from:
the Chairman of the House Com¬
"While steelmaking is at prob¬
ably the lowest percentage rate in
history of the industry as a re¬
strike, consump¬
tion
is
tapering
much
more
is settled quickly apparently rests moderately as most steel fabrica¬
tors have not yet been confronted
upon the attitude the government
takes with respect to steel prices. by labor stoppages of their own
■
The
I
.
Others simply file these orders. > • ! to "pay or agree to pay tribute"
"Pig iron production is at a low ;; for the privilege of producing
The new post of Vice-Presidentebb, most blast furnaces being for using records, transcriptions
Assistant Manager was taken over
banked ,ahd the few, still operating :•! or
reproductions, in broadcasts, f
by A. D. Theobald at the United
being unable to meet more than
%—Forcing a broadcaster to
States Savings and Loan League
a
small part of demand.
Under J employ more persons than it
headquarters in Chicago the first
regulations in force for some time {wants. f fern?
of the year upon his return from
Interstate
mary
.
asked, buyers to .take: back:.their
orders and reinstate them later
conditions
are
settled.
when
Volume
163
Number
4460
THE COMMERCIAL & FINANCIAL CHRONICLE
'
try—»
Monthly Range of Prices
the
on
NEW YORK STOCK EXCHANGE
tables which follow show the
ings occurred
high and low prices, by months, for the
the New York Stock Exchange.
on
1945 of
year
bond and
every
The prices in all ca^s are based on actual sales.
>
<
stock in which
every
deal¬
any
-
,
COURSE OF PRICES OF RAILROAD AND MISCELLAN EOUS STOCKS AND BONDS FOR 1945
'> > > »'
>>>•>•>''
.'STOCKS
'••
January •;» February ;>
.
Low
*
4%.
60 ^
""""—"M°
AcmeBSt'ellMCo0rS C°
*
'•
63%
60 %
»}J*
Adams Express
~
11
28%
jnc
.
395/3
•
—
40^*
46
13%.
15%
34%
34%
22%
26%
22%'
43%
•
•
»JK 182
48
KidnCoal & DyC
30.-,'
29%
33%
9134
96
15%
1
153Va 164
>ia
5o%
ioii/-
AlIis*Chalmers Mfg Co———>—_* :
•
17
21%,
io_'/' »»*»«*
Petroleum
41%
45%
24'S-/'
Airlines
43%
19R
30
46Vi
1
/
—:i°o
;•
Colortype
Encaustic
15%
15%
V8;': 40%
29%
48
V29»34%:.":32.%
18%
154%
18%
157
164:
>20%
20%
32
30
27%
27%
46 /
44%
27
120
,
7%
157
4
16%
18%
17%
20
19%
21%
38%
44
42
45%
43 Va
47%
29%
29%
34%
31V*
34%
21%
52%
47%
50%
48%
28 >
1
47 Va
•
108%
—
7%
6%
><$»:
47%
,
56 Va
61
> 7%
8%
6%.
17%
99%
17%
62
•31%
.37%
98
102
31%
63%
::,
65%
35%
..
18%
167
183 Vi
172 >
185%
28 Va
30%
27%
32%
101 Va
100 7/b
?.
100%
173%
42%
48%
47
49%
46%
49Va
123 Va
120
125 %
117 %
122 %
123
115
120%
31
28 Va
48%
47
27
23%
4?%
V
135
130
733'
'•
131
13%
186%
: 90%
190
18
17%
21%.
20%
23
21%
24%
31%
34%.
32%
35%
V. 33%
36%
40 Vi
40
34 Vb
37 Va
31
"
4534
106%
27%
30%
35 Vi
37
.
104
120%
16%
125%
15%
31%
118%
15%
34%
39%
73
72 Va
80%
.'
33
30 Va
33%
>
76 Vi
71%
19%
18
67
26 Vi
34%
30%
34%
26
25%
30%
:;v 72%;
77%
75%
80
78
79%
75%
78 Vi
20%
17%
20%
16Va
19%
15%
17%
42%
11%
99%
96
191%
31
122
19
45
Vi
> 50%
54
>52
111%
115
110
30%
31%
116%
>
19%
>
192
94 Vi
31%
37
36
41%
76%
72 Vi
80
18 Vi
>
79 "
20%,;
23 VB
54
48%
135
129
,11%
13%
112Va
190
190
60%
67
>58%
121%
135 V*
18%
131
149
138
,145
139
67%
127
a
42 "
38 Va
143 V*
156%
135 Va
146
X138
199
60%,
123 7
38%
134% 143%
141%
106%
98
193 Vi
127
35%
17
15 Vi
62%
58%,
37%
53
135 ' •;
•:■•'• 134Vi
197%
119
120
34 VB
133 Vi
12%
62%
56 Vi
116%
36
120 %
130%
>>
119
115
115
20%;
;■>
101% 107
185 Vi
> 31 Va
132%
>
15%
101 %
,s
43
22%
47%
55 VB
130
128
:
V> X41
77 Vi
12%
32 Va
127 Va
21%
82%.'
190 %
115
,>A8%
133
92%
106 V*
118 %
116
42
11%
S
161"
142 Vi
157
187 Vi
29
71
.
81
101 Vi
31%
28%
118
124%
'■
11%
,
,
37 Vi
190 Vi
11%
34
9 Vi
139%
142
..
49%
52 V*
60
19%
114
129
140
31%
10%
/
67
103
94%
55%
187
:i7Vi
129
189
192%
18. > .23%
V
9P
29%
;i
;
,'.75
45%
10 Va
12%
94%
#115%
118
X126 > 132
128%
15Va
10%
101
631 i
.
132 V*
130
'45%
107
30%
>116%
42%
44
132 Vi
188%
48%
107 Va-
>29%
13%
96%
194%
43%
r 104
42
132
11%
12%
104
>
46%
46 V2
*132%
132
184
12%
195
42%
46%
131
114 >: 119%
17
37%
57%
56 VB
133%
33 Vi
49
115Vi
30 y4
68%
47%
:
104 VB
52 Vi
53
132 Vi
7y8
7Vi
48%
34%
31%
57%
,■
48 VB
102%
.
rl31 Va
30%
34 Va
5%
47 Vb
6 >
111>
29%
•
31%
35
29
45%
69%
18%
124
'
32
32
49%
125%
124%
Vi
111%
34%
103
115%
54
134
5%
57%
.
48
122
•
46%
30%
133
28 Vb
112%?: 123%
17%
30
»
45%
47
110
117%
5
6%.
•
31%
51%
V 105
100
25 V4
28
5%.
46
52%
130%
49
124
61%
•'-.47 /.
'42 >
45%
114%
'
.
11%
107
24 Va
52;
128%
27%
192%
27%
119
114
126
41%
100
45
116
'
6%'
48
111
48
120
25%
194
.
.100% 101%
74%
20%
91V4
94%
194
28%
4% >
45
120%
30
I
53
■
130 Va
13%
189
97%
41
*
43
46%
132%
11%
94%
89%'
93%
187%
'
x41
134 •
jotv
26%
5%
47
113
32%
-
18%
44%
29%
4%
43%
45 Va
117
184
189
•;
108
22%
253,8
103
116 Va
42%
37
40 Vi
;
32
.17%
29%
:
74
>22
24%
30 V,
60
67 %
;
105
18%
27%
51 Va
67 V*
37%
38%
18
'
5%
>54%
63 Vi
:.
102
101'/a
18%
100%
101"
62%
;> 168%
16%
17%
>18%
28 Va
31
>
158
18%
x28%
63
101
6VB
4%
49 Vi
50% >56%
16
163
32%
|330%-
30
25%
9 Va
8%
4%
5%
4%
4%
> 46 Vi '>52%*:
.
5%
;
9%
;
56
122
120
120
112
112
33%
30
100V4
17%
156%
•4%" '
4Va
49%
.
33
103
15%
163
.
■3%
42
58%
:
68
29 Va
103
18 Va
> 102
25%
101
102"
16%
164%
Xl7%
33
101%
7'.
17%
>
40%
27%
17
41 ;.
37%
27%
144
29%
24
24%
2lVa
-•24 Vi
19%
*
25 >:
;
28%
69
20
_
69
'
19%
18%
i09
30'%
20%
18%
107%
106% 108
34%
31%
36%
20
21
109%
32%
21
'
105%
>
19%
107%
,34%;
109
109%
34%
43%
31
21% >23%
107 > 109, y
23%
21%
109%
107%
V 34%
31%
24%
21%:
23%
105%
-
108%
>32%
36%
3%
*
Steamship
30%
3V»
y 3%
4'Va
100%
97
.101
:'22%
91%
38
34%
41%
:
36
25%
23%
109 >
41 Va
23
106'
105 Vi
39 Va
27 Va
106
108
53
42%
•
Vi
108
106 Vi
44%
24
27 VB
23%
25
108 Vi
48
57
■;•
Ice.———
:
47
80
76
10%
; 7%
"s3i
774
*8%
49'
50
; 28%
110%
-x. 21%
24%
27
2ri-
131
xiiii
41%
46
2%
\
24%
3
.«
——--r—60%
Radiator
& Standard
Sanitary.*
preferred—-—100
Rolling Mill.——25
11%
"
13%
convertible
preferred-1—V100
'75
Safety Razor—_1—18.50
218%
Seating Co—,«—
175®
American Ship Building—f 38
American
American Smelting
7%, •
& Refining—^—*
■
Snuff—.——
non-cum
;_25
preferred.—
—100
American Steel Foundries.^—
American
Stores—
48%
■
165
33
20%
23
B
Class
——25
25
———
6,preferred
—100
—
American
Type
American
.
145%
Viscose
Founders——10
Corp—,
—14 1
preferred-
American
Water
series
American
Works
(cum)
1st
American
&
Elec__
preferred
Woolen—
cum
—.100
_
Lead
'
*
Anaconda
Copper
Wire
&
5%
9%
102
"
;
116
Andes Copper
Paper
&
Co_/L
Mining Co
Co
footnotes
...
U7a
see
page
631.
47
121%
105
107 Vb
11%
9%
114%
100 %
112
7V,
5%
7
33%
43%
27 '
'
46%
28
29
13
.
5
90, *103%
99%
14'
•
67
13 Va
43%
9%
105
103 7
b
5%
40
27%
'
1 TS
57'8
28%
31%
13%
13%
13 Vi
>15%
14%
30%
142%
47%
110
13Vi
14%
•
14
22%
>13:
24%
> 22%
24% >24%.
94
90
8914
24%
38%
v;
33
73 %
75 Vi
74%
.>'
154%
14%
16%
49%
•;
120
-
■
54 Vi
12%
6%
■'
.
19%
50
16%
13%
112%
>6
6%
35%
8%
66%
72%
.
128%
109
I' 42V4
45
32
>35V4
112Vi
43 Vi
44%
13
14 Vi
5
.
111%
,40
123a
'
4%
34%
112 Vb
'
40%
443,i
46%
53%
53% ,62
>58%
62%
59%
63%
63
68 Va
167%
172 Vi
49%
,
170
164
156
31
21%
20-
24 >:
27 >
24
.27%
48%
41
46%
79%
76%
.151
47 Vi
119
'>14%
109
>
20 Vi
118
x6%
17%
52 Vi
119%
313/4
109
137 Vi
;
20 V*
56 Vi
57%
119
-
116 V'8
:
108 Vi
22 Vi
19 Vi
126%
7%
120
109%
6 Vi
7 VB
31
•
6%
75%
'
122
111
>•
33
:
x56%
50
55 Vi
48Vi
34 Va
30
35 Va
34%:
110%
109 Vi
110%
8%
74 :>
72
33%
24
10934
: 37Va
53
38%
110Vi
43 Vi
39 Vi
41%
38 Vi
40%
40
4#%
41 Vi
43%
13%
13 Vb
15
13 Va
14
12Vi
14
13 Vi
16%
5V4
5
..
7%
5% > 7,;.-.
5%
6%
6 Vi
7%
30%
59
29
31
51%
60
149 Va
>
151
53% ii 47.
186 Vi
50
194
:->
89 Vi
87 Vi
90 ■■>
91 * t
88
90%
158%
159%
:
158 Va
161%
24%
v
22%
21 y2
64 Vb
Xll7%
59%
64%
62 Vi
69%
119%
119%
119%
120 V4
18%
17Va
23%
20%
26%
110 Vi
110
■•
27%
29
88%
..
111%
57%
117
18%
16%
109 %
;
43%
25 Va
16%
61%
116 Vi
15
14%
107%
> 17%
>
503i
86
-
19 Vb
■
J
181
160
156 >159%
158%
17%
■
-
89
87
xl52%
-.i
•
38%
196 Vi
187
45
158
91Vi
84 Va
27%
35%
44%
88%
18%
41%
175
42%
150%
150
187%
87 Vi
109%
17 Vi
36%
181 Va
85%
156-%
51%
;
147
85 Vi
; 86
48 Vi
,
141Vi
36%
155,b
117
53 Vi
47
186
158
156
30%
25%
28
;
50 Va
-
39%
1, 24%
i 28 Vi
42 Va
22%
,
48%
142
> 48
156 Vi
35 Vi
30 7 a
.
31% ;;
181
85 Vi
>74?;-
49%
47
152%
159%
,
27 Vi
>
23%
21 Vi
139'
76
37
>
48 V4
178
174
171
%
153
156
>
32
X76
,
33%
>
177% 182%
78 Vi
46
21%
30
32%
168
47
155
;
35 Vi
137%;
184
172
45%
34
140%
29%
167 Vi
46
43
45%
162
32
112
112
>
44%
54
33%
31%
y
31
V 39%
36Vi
44%
45%
38
28
41%
83
' 34
98%
33 V*
31%
30%
>>15%
111
29 Vi
95 Vi
34 Vi
> 38
>• 76 Vi
54%
109
98%
28 Vi
39%
32
120%
11% > 11%
;
79
94%
29
30 Vi
174V4
.
80Vi
119%
14
103 Va
.
30%
25 t:
.137'
157%xl61
109 VB
10 Vb
6
;.
> 15 Vi
120%
•
107
HOVb
75
26%
181
36
20
35
175%
77% > 753i
152% 158%
j
15 V3 P
11%
>32 >
173 Vi Xl69%
19%
28%
.
25 3i
> 45 Vi
31
17%
26 VB
180
36 Vi
>
164 Vi
95%
86%
32
50%
1
>:
,93%
18 Vi
> 16%
21
30 Vi
35%
135% .140
13
104%
37 Vi
22 Va
136
86%
103/a
95
23
162
162
■
66
13 Vi
103%
21 Vi
44%
45%
"32%
142
> 29-,
X167
168%
44%
35%
■.».
46%
47 Va ; 50%
165
7
19%
38%
•
141
82
99
25 Vi
;
17""
65 Vi
10%
28%
92 Va
23% >26
39%
.
35
>
24%
34
21%
>21%
35 V*
39%
56 3i
183;
-
23 Vi
87%
90
22 Vi
18
16.
180
180 Vi
180
41
'
83%
77%
18
16 Va
16%
.
41%
121%
140%
,92
92 Vi.
52
50%
118%
17%
139
11%
20
22%
88
25 %
23 Va
20
91
18%
7. 87%
27%
33
13%
90
8%
79 Va
181
20 %
70
4%
13
181
181 > 182
47
50 %
78
72%
'
>> 87%
.
..,32,;:'
141
59%
52
•
> 8Va
79%
33 Va
135;;
14 Vs
13% >14%
39% > 36%
16 V.
> 31%
63
7
7%
34%
14% > 17%
•
135%
*46%
48'
v
66
25%
33Vi
114
evi.
73
49 Va
34 Vi
29
45V4
36%
29
15
14 V*
••''•. •
53
119%
,!
14%
101%
13 Va
123
34 Vi
118;.
115
32
131 '
13
H
37
,
/
109
11%
13%
14%
50Vs
54
34:
116
26%
27%
139
74 Va
•
28%
70%
29%
'
>7%.
6Vi
22 Vi
47
31
Va
131
'
66
40
x26 Va
48
45
.
5-Va pip-- />
V
29
140
82 V*
49%
69%
47
12%
26%
139
34 Vi
xll4Vi
116
66 Vi
45 Vi
34%
30%
30%
12
> 44 Va
'
105 Va
9%
24%;
22 Vi
27%
>; 20 Va
> 26%
120 >
119
114
34%
161% 165%
:
50 %
114%
25%
V
14%
■11%
51%
37%
113 >
115.
50%
37
•
49%
:
11%
50%
50
30%
10%
58
100%
103
'•. 12
10%
10%
9%
9%
56 Vi
>
100%
>
13
U
12
34%
12%
19%
136% > 132
31%
9%
'"
114%
""
:
147/.
10%
11
50%
160
110%
"Z"■"
5%
16%
5%
68%v V;
4%
73 /
109'%
30%
13"%
91
99
109%
57
57 Va
56
9%
96
30%
>>31%
28%
.
132
34%
43%
119%
/
62%
-
>23%
>47>:
164%
9% •11 >
#'
106
45
5
10%
9Va
8%:
;•.
8%
,98;
50
28
160
V
29% '33%
>20 3 4
22%
151 Va
24 Va
20
158
156
38%
—21%
:
Inc..
85
9%
50
139
25%
>43%
149%
114
7%
9%
99
> 8%
10%
37%
32%,
49%
52%.
10% .9 !>
43
;
116%/
112%
107 Vi
55
52
82%
37%
24
170
142
16%# >13%
64y8
113%
7%
■
51
79
74
;
.
44%
4150%
33%
112
51
80
74
>164%
172:
77
60 Va
•
52
75
81%
90
a
23%
74% >
»
preferred
51
66%
165%
69%
$4
preferred
Anderson Clayton
53
67%
12.50
—
25
,26%
f
32
160%
8?8:' 11%
6%
8%
51%
> 73%
.43% ;• 48 3i
68
-
77/B
Xll7%
40 >
107
>46V>
43
44
40%
8%
29%
32%
108
xl7Vi >19
109 Vi
115
115
28%
:
101%
101 Vi
80%
.•,
7%,
10
113
36
-74
UVa
> 7 Vi
70%
24 %
768%
103
12%
5%
32%
46%
73%
V 45%
47%
119
120
V
48%
"
17%
73
149
49%
^
9%
15%
67%
V15%
44
40%
9Vi
26% -29
98%
6%.
109
109%
104
28 Vi
101
49%
182%
67%
'
150
16%
137
S
33
159% 163%
:
70%
^
29 v»
Mining——.—50
Hocking Glass Corp..
dividend
99%
106%
&
Cable
8%
9
Smelting—1
$5 prior convertible preferred
:-25
Anaconda
45
,
/1
*
preferred———.100
Zinc
.14%
69
117% 119%
—*
—
65
1 .,,65%
32
45%
•
91
11%
106 Vi
;
>96%
33
.
'
fe' >46%
136%
142%
<
;•
22
157
\
164%
75,
10%
97
10%*
30
851
36:
34%
45% 'V 41%
28%
U
.157";.
8Va
92
13 Va
14 Va
*;
■V
>
> 22 Vi
21
.
169%
154%
23%
Telephone & Telegraph-100
50%
80%
Xl79%
19%
?
26%
Tobacco-^
50%
102%
4%
77 Va
25%
:
*■ 24%
''49%
American
,
49 V4
25%
65%
87%
22%
48%
>
"
;v 17%
American
98
>25%:
31%
26%
:;
101
109%
105
29%:
103%
X43 %
:
9%
:
181%
84*
22%
18%
132
179
17
;37
42
•
33-31
51
P 8%
10%
5%
19%
•
American Stove Co——4 V
2234«' 24%
V American Sugar Refining..j._———100 f.. 483i
56%
,4. • 7% cum preferred--—-—j-100 V 128% 132
American Sumatra Tobacco—
*
v:; 29%
33 Va
^17%/;
6 Vi
5%
•
76%
49%
> .47 ■•
47%
•
88%
42
?:f
153
1
8 Vs
35%
137
.'.
P-
14%
20
44% ' 45Vi»;
30%
6 Va
93
,28..."
>
-
14%
',-35
153'
" ,■97%
•'
4%
20% :'24- 'v
*>3%
170-
>43%
184
83
■
3®
1
• •
—
5Va
>9%
.
;>12
29%
137
?.
Va
>
27 Va
135
69 Va
91%
167%
7%
75%
19%
* 42%
40%
5%
4%
81'/a
.
22%
'
13 Va
63% j
12%
82
-164%'168%
43% , 44>a
'
40%
5%
36
4%
111
7%
112%' 115
24%
12
5%
.12%
i19Vri2'>%
^40%/ 43%
preferred—-;—.J—.—--IOO
.American
14%
ia%
113
69 V3
"
:
39%
4%.
43%
41%
8%
70%
16
iaio
39'"
-33%
36%
8%
32%
76%
.16%
17%
20%
.
43
41%
46%
*49%
;
61
181
83%
-
American
8%
67%
.
182%
179
36 Va
,22%
14%
4%;:
78%
i2>T
180
15%
19%
38 Vi
6%
9%
49%
110.
138 Va
:42V» X46
43-
72
■
10%
30Va
31
27%
133
45
.
'
79
8%
48Va
24%
11%
w-
3
67% '65%
60%
176
,
21
133
42:
preierreQ-... 54%*y. 61
cum
"8%
49%
30Va ' 34%
109
:1 ll2Va
143/.
130%
preferred--.—-,-——^-—100
1
49-
34%
13
17%
41 Va
7
5%
12%
"5%
;
'
83
9%
UVa
49%
.
8%
74
85
9%
1083i 112%
*23% '25^
14.1^
12%
-
28%
: 108
*
79
mn-
10
26
7%
10V«
89%
9%
17%
99%
48
71%
85a
7Vi
15 Vi
•38%
50
47
74%
' 771
-8%
15%
25%
.44,:
47%
9%
7%
14%
38
28%
5% :> 6%
70
American Metal Co Ltd^—;
American
6%
47
80
8%
14%
104%
43%
5%
74%
49 %
-
.
,*>i preferred
American. Machine & Foundry.^—•
preferred
41%
..
6%
49'
9
7
News Co—
"■5
6Va
.14%':
102 Va
111
98
47%
6%
.50
American Power & Light
m 44
40
034
6%
14%
37/a
223/a
72%
70
American. Locomotive———„—r—*
Machine A-Metals-i
41%
5%
13%
36
37%
103%
25%
98
51
i
5^, convertible preferred-
92%
72
-—-:r:±'
ill
21V4
93%
48
100
of
24%
8% •> 9%
6Va
14%
3%
99%
5%
63s
32%
68%
—*
American Investment Co
■
39%
42
33%
>
5%
14 V*
6
14%
351 > 4%
97% 104%
20%
94%
4%:
13
14%
30%
91,7
24%
94%
5
45b
12%
96
23%
38%
1
6%vnon-cum preferred—
4
34%
2%
96
10
Home Products
4%
14%
31A
20%
Hide & Leather.——„i
6^ convertible preferred—w-w—50
American
3%
12%
151/,
34%
American
American
47/
1154
30%
92
American-Hawaiian
American
41/-
11%
31%
Power-—2%
-——
American
414
10%
27
"Pfeferred-;—;
For
33%
21%
18%
I, $7 second preferred series*
W
34%
13%
35
6%
103%
■717%
13%
Tiling—_ —1
American & Foreign
$7 preferred
P
17 Vb
35
16 Vs
115
68
31
20%
—
European Securities——*
Export Lines Inc—
1
American
A
15%
32 Vi
112%
t-p yypxy
American
$5
8%
103
17%
18%
121%
-^.-10
cum
Anchor
7
66%
72%
183%
Foundry—-,——*
.—......„„—
American
7^
16%
34
112
111%
214%; 230"
29%
33%
102%. 104
,
33%
X73%
iUH
Am^l^S Distilling ConPf^rre^-i^^^w-100
_20
$6
111%
7%
100%
72%
133
American
5%
14 Va
32
36%
35
5%
72
J®" It
preferred-—-..so
American Crystal Sugar Co
1_10
//
15%
14 Va
•
60%
28%
114%
v
•
110
3%
70
'no
6%
110
64
24
29%
4%fe
13%
26 %
.49 Va
75
16%
——100
a™i^C0nv«^le Preferred
Chicle
,
15%
41% ' 44%
3%
25
4234
7^
14 Vb
29%
28
50%
20%
*''99T«
Amer
15
26%
46%
3Vb
69%
50
27
$5
12%;.
14%
26 Vb
63
22%
96
i-r'x
96
43%
214%
49
43
Co^ZZZZ*
* '<« non-cum preferred
6%
93
477/a
6%
26%
28
43
39
,
114
113
95
30 Va
t
211%
i
15%
46
108
28
47
10
—
preferred—
&
11'v
30
iirk
-J———100
.
>26 %
> 43%
17
4%
42 Vi
Caiu—89%
American
85
115
103
.
112
86
12%
37%
3%
22
44
23"
American Chain & Cable Co Inc.—*
4%%
15 v.-'-" 16%
35%
107
29%
I22ya
24
£
k3a
49
*071/,
5 lA't> cum preferred-...
100
American Cable & Radio-^-^::_ 1
Car
47%
•
;Attifirlcan Bosch Corp_^.-.;,
American
97
4r»x>v
46
•
;
.^r??rlCf^
Note—..,
(>,«
preferred————
^
15%
37 y3
66
31%
;... .,y.
41%
5
—_
(Del)
Inc
/American Brake Shoe
5'
3%
,50
Corp
Agric Chemical
American
81 Vi
111 Va
-
113
80
>26,>,23
14%
•
97%
102%
^w/.Vy-
.
American
l>
87
78 Vi
81
High
Share
$ per
$ per Share
74
>
47%
25
101%
42
2%
18%
23%
93
Cos
preferred
American
::
72
72%
Low
High
Low
High
$ per Share
75
112%
69
27%.
36.
44%
212 ~
34%
7
21%
38 %
^
Leather
convertible
cum
68%
68
Low
High
121
AIpli<v Portland
r
65%
112%
71
13%
63 Va
165%
115 '
7
67%
114%
69 Vb
26
28
39%
17 %'
153%
31
•
106
198%
100
14%
'
157Va 164%
22%
15%
38%.
:> 6%>< 7%
8
206
100
«%>
1
6%'-'
68%
28%' 34%
'
29Va
91
13%
ZLHZZ-!
Stores: Corp
American
64%
113%
115 >
73%
16
.16%
"
26%
26%
■
104
61%
;
SSs»&;
Amerada
12%
49
2%' ..: 4%
,39%
49
■
6514
91
—a
6V»
$ per Share
December
November
October
September
Low
$ per Share
'
;
ar*
6014
3
*
~
*
63%
41
,13%
106
198
21V
•■
Allegheny & Western. Ry 6% gtd—>100
Allen Industries
Inc———————..^i;
Amalgamated
$ per
69%
73
August
High
Low
High
Share
76
33%
»%
® l'a > pfd series A $30 w w—
100
34%
prior conv preferred—59
Allegheny Ludlum Steel Corp^—..ii—*
28'A •
>
65
112%
70
-
13%
72 v.*'
™
shk
V
Allied
71
112
69%
77%
i«3'
it-
>$2.50
Allied
68
July
Lew
* per Share
111%
69
13%
V'
.Allied
68
'
'
>; 'June y
Lew
High
High";
5 per Share
112%
X64
66
71
104
■
62%
111%
113
25 Va
»*
:■
$ per Share
x65%
..
May
Low
High
17
-;Adams-Miiiis._„„_lib
Air Reduction
April
Low
'10%
I3V'
TI >
is
61%
112%
64
mi
12
vTja
:
r
63'A
«**
9%
'
7
High
$ per Share
.
AbraUrk
March
s
'>f'V>:v >
Low High > Low High
'
>>> '•>>' » Sper Share
$ per Share
"
,
24%
22
124%
118
8 Va
>74%
109 V4
•
23%
124
112
30
133%
108 V*
28%
126
97/a
110%
31%
140
>
11%
11%
10 Vi
11%
80
81
81
80
81%
39%
49 >
43
47%
55
50%
53%
50
57 Va
38%
37
43 Vi
42 Vi
39%
37
50
36
20
21%
Vi
110"
40 Va
>15%
6%
112
45
113
111%
112%
42
40%
49 V*
43 Vi
487/b
16%.
1«7/b
23 %
20
22
112%
8%
THE COMMERCIAL § FINANCIAL
I Thursday, January 31,1946
CHRONICLE
NEW YORK STOCK RECORD
January
: ■
STOCKS:>> >>;/>• »/,.:>
v,/;
>>;"..
Archer-Daniels-Midland
New
Armour
.66
"
...,
> 52%
;
Armstrong Cork Co/.,
;
;
/ "e%
114
~
44
Associated
6e/o
Dry
first
1c/c
second
5%
ilVa
Z.
Goods
43%
.47
43%
preferred™.
21%
19%
115%
115%
122
114
117
112
115%
113%
116%
45%
.
76%
100
2*
convertible
;
34
preferred
Corp
84'/»
80%
107 y»
105%
62 Va
57%
75
39%
y
33%
111
14%
16%
58
66
Aviation
17%
57
15%
56
17%
56%
63%'
68%
66.
69%
£1
,
Z
117
24
Z
125
126 V*
134
125-';
121%
124%
120
123
121%
137.—
36 Va
'
49 /
49%
107 V*
47
99%
80%
113%
-i
105%
56%
34% >39
77%
33%'
112
37
75. V
95
'17 >. :
5%
20'%
6%-
"118.
17%;
89
16%
56%
69JA
113%
22 >
•
117%
,16 V'a
94%
*
119
21 '/a
92
102
Z
22
14 >.
>S :"
22 '
13%
16
5%
23%
18%.
21.%-
17%
9'/a
>7%
30.27%
9%
21%
30%
28%
-25%
19%
29%
26%
35%-
44Va
30
40%
17%
23'
17%
21"
30%
!7%
18%
33.%,
x41%
39
42%
113%
113
420 >
115
v& 119%
20%
20
24'A
18%
56
56%
>>>
(18%
sior
.
421 1
124
:
115
,19%
>> 19% >^23%
.8%
\\v/*"
.24%
16-
29%
22%
27%
'26%
34
Baltimore
4%
Ohio
&
Barber
25%
8
Asphalt Corp
L____—
30%
/
55A% preferred
4VA% cum preferred.
Bath
50%
5
CorpJZ_;__
$4.25
l
38^
preferred
New
3]'8- 38
z1}4
}2% Wu
13.
16.%
-36%
37%
Corp_/._____,__L_™__5
j54%
55%
40%
38%
17
18%
Common'
Brass
-50"
25%"
Borden
20%
18%
21 %
22
•
109%
17%
109%
20%
54%
.
95%
96%
56%
95
'53 f
43%
Corp
I
Bower
Roller
45%
54
44%
Bearing Co
____5
,
116
7%
-
•
45%
35%?
46%
20%
18%
19%
47
49%
49%
11%
11%
12%
40%
79c
cum
59,
45V*
25%
Canada
46
Cannon
Mills
preferred
Carolina
Cum
Case
11
(J It
class
A
80
78
8z
47%
50
21%
50%
Xl2%
80
/
40%
44%
41%
Ohio
44%
41%
43%
55
51-
54%
44
55%
,-53%
'"■/
"
.
Ry
Corp
Co___
1/
""
""
29
32%
28
30%
'50
31%
48%
27
-26%
29%
15%
12%
75V4
83%
16%
124%
13
122-
124
lOVA
,
10%
*77%
53*
15%
>2i
12
26%
-27%
15%
17%
16%
59%
30
36Va
14%
14'/*
12%
16%
79VA
86"A
15% X16%
24
25%
24%
27%
20%
19VA
24
20
21%
25%
24
57
62%
62%
68
43
46%
""
~~
--
20%
22%
22%
24%
23%
25%
51%
48%
47%
X44%
110%
'
13%
15%
82 Va
?!«/
12%
,yl'/■
•
v
a
7/8
20
o?
y8
31
:
■
•'
14%
■
109
-3%
16% 20%
94
100VA
283/8
28%
32
30%
55%
53%
53%
1%
IV4
53
55
,53%
23%
24%
243/4
i,V
2 "
1VA
— 7% :>.,.9
7%
9A;>
24%
HI I?
34%
34A
v,
22%
23y*
32%
32%
36
113%
115
113% 115
V
103/4
;
-15%
24%
22
59%
"
'
86
17
28%
24%
66.
—
27%
27%
-
34
„
17%
15
80
65%
62%
67-
63%
17%
72
63%
17%
69%
18%
613A
17%
64%
19%
62%
69%
65
74%
*17%
19Va
22%
22%
25%
•
.19%
19%
106VA 108%.
3%
19%
97VA
17%
92%
18%
96
95VA
26
•
25%
26%
25%
34
54%
56
1%
6VA
.
22
7
,
38%
118ya
47%
> 12
Va
55%
1VA"
6%
34
-
.
•"
16%
87
24%.
6%
6VA'
,.
114% lHVa
50 %'
4 7'A
,48%
15 V*
15 y4
19%
18%
14.
/
-
38%
37%
36%
35
39
38 Va
43
54%
53 Va
6%
7%
53^
1%
1%
7%
54% :>.
1%
26ya
29%
27
41%
5iy2
49
5iy4
49%
50%
50%
57
51
52%
53%i%
57%
59
15%
12%
14%
12 y8
14%
12%
12 Va
13%
12%
14%
55
32V4
34%
21
24 V2
50
x61%
65%
5%
5%
ioo
Caterpillar Tractor
•
623.
•
35%
152
47%
40 V a
160
51%
33
34%
23%
35%
29 V*
65
73%
5%
7%
^8%
40%
1?9%
163%
48*4
52 V8
28%
71 y*
•
7%
40 y«
167
52%
53
125'A
32%
;
.
25 Z
65%
6
54 VA
129.VA
37%
36
28%
27%
30
69
74
-71
6%
6%
41%
40
166%
169%
168
56%
128 Va
37%
37
129%
.
39%
25%
11
55%
6%
44%
171
61%
40 V'a
60%
43 %
166
,69 %
39
•'. 24': /.
6%
-37%
162%
60
27%
68
62
'
6% ..'7% :.
164%
54%
129%
35
>
28%
67'%
.
v
53%
126 V*
"
36%
50
54%
129 z; 130%
,
7%
41%
164
66%
54%
119
55%
125
23%
6y8
7%
37%
27 V'a
29%
v
70
:
3Vs
28
8%
29%
45%
•
Z
15%
17%
72
18 Va
173A
56
55%
56
56
131%
135
128
,
131/
,
6 7 V'a
65
69
160
k » 67 ZZ
166 %
70%
56
33%
28 Va
71%
82%
71
80%
7%
8%
8 V*
42%
45%
43 Va
77s
165
21
133%
Z'28%
76 V*
-v
69%
49
32%
•30%
45
■
43 %
44 V'a
27%
41%
32
45%'.
V 39 3 a
Xl62
64%
17
72% V 69%
■•7%
7%
V*
0V4
,
56 \ " 56 —
;17'-'
20%
56%
41%
164%
39%
12'/.%, "128%
54%
48
17 z>
45%
128
123
42%
:43
29%
32%;
'
41%
18%
■
54%
V>.4>z;
8'/4
9 Va
59 V'a
'124
40
6%
ZZ3%
-/:
15
-»55:>"
55
40
61%
v
124
>
3
29%
-:
100 V,
.;
8
"
;7 >50—
15%
'
98"
.
57
15'/a
37% ; 41%
161
48
.
53%
'
->
3%
41% 45%
123% 128,
.
101
8%
123% 128,
>121%
28%
70
.
54%
7%
X62
Z.Z54
,34%'" 38
,,.59%
-
54%
3%
,
27
16%
13%
53
14%
55
'>:/
.36%
35
53
49 'V
47%
15
15%
125%
98
44
'*118% 123
52 —
-55'/a
4
7y8
28
24%:
35
11 V'a
55
z
32
50%
122
6%
6%
24%
39
54% •>: 53%
117%
108 3
108
109%
5'/a X
21%
79%
24%»27%
29%
12
118
>109%
110
y8
93
x76
99
51%
a
81
23%>,26%
30%
11
116%
72%
20%
>14%
89
21% 101
24
98
101
30%
541
100
95
28%
i/C 38%
16%
48'%
,18% > 18VA
15%/; i2%
86%
28%
1%
48/>
y > 15
51%/>
51%
13%
111%
33%
54
55
1% ! 1% L
7%
3^%
109
-
,52%
33
30
55 ,
1%
25%
25%
__
35
30
27%
27
32%
'1%
42%
__
38%
10%
11
106
22%
99
18%
93%
19%Z
95
54%
2
2 ;••>>:-!-■'
.
49
14%
18%
98
.26%
3% *'
30%
,.55
1%
1VA
23
23
38
9%
.
406 ; 108 ' 106
110
4%
5%
' 3%
4% .. 21
,4V8
5ya;
Z'24' — —
Xl06% 107%
4y8 '' 3VA
>6%
7VA ' .6%
6%
/ 22 % ; 27s,e
X 21%
f
24
22y8 - 27%
32
38%
33
33'»^ 35% > 31% 34%
"...
32
38%
114.% 118%
118
116
118
' IHVa 117
114% 118ya
1
24%
.
16
93%
25
3%
33 VA
54
1%
7
22%
:
31%
33%
55
^ 24 VA
118
49%
31%
.
1%
17%
105% 109
'
';4VA'>'
20%
98
27%
3% ':
3%
-
10
//-ZZ1■>*//,'
108% 109%
3VA
'
:
8%
343A
__
*16%
86 VA
16
:
35%
110%
.81%
Xl5
"t/
110
109%
17% >16% 18,
78
17
9%
10%
,
32%
34
82%
18%
7%
18%
120
18VA:
92%
22%
"t/
/106
106%
20%
128
25%
95 ,
24%
33
36
35VA 39%
48%
128
18%
* 96%
23V4
35%
35
36
32%
--
- -
—
105
__
.
17%
127
16%
91%,
19%
32%
: 27%
__
17%
10..
30%
13%
,
22%
'
,,
_
_
_
8%
22%
116% H8VA
v
_>
16%
22%
25%
,108% 108%
_
_
.
34% > 32%
/
108% 110
__
.77%
17%
93%
'
2
8-
--
v,"
^4%
49
14
;83-
10%
33%
20
31%
•
v-•
48-.
12%
15%
17% >16% 18%
123.
125
125
127%
16
18
16% 18%
,85'
92%
90
94%
91V* 97
"15% *19%
18% 21
18% 20%
25%
29
28% 30%
30
37%
22
26
24% 277A
26% ,27%
55
61
->
~.
30% >32% v/x30%>32%
31
33V'a
14%
16%
123
125
14Vi 163/«
167/8
85
.54%
6VA
-
55
81
3VA
25%
t
•
84
xl4%
,106% 107%
' 4%
--
--
33
39%
38% 40 Va
159
183 t ,183% 191//?;
41% /44% .42% 44%
:49% 55
*48% 54%
8
9%
8'A -.9%'
57
£9%
57% X58V»;
22%
21
24%
52V'«. 53%
13Va
17%
.
8%
60Va
-108
23%
.51%
13%
-80%
65%
15%
20%
15% .20%
92% 101%
92% 101V2
55/8
1%
19%
.51%
12
26%
52
-13%
9
59'A
;
8%
52ya
48'/a
83
67
4'/a
4%
7%
79
15%
82
'
' 108
108
llO'/a
__
7%-> 8%
79%
3%
.
44%
8y4
48%
29%
69
78
t105Va 109
64
67%
--
—
15,17%
•
81%
29 V*
29%
8%
8%
9%
110
—
14%
16
IV*
26%
1%
—
78 V2
49%
10%
.
8%
23%
23%
V
47
16
—
110%
HO
80%
108
108
-
oV ^7y*'
92
96
;22.;■ .'®® ,.:
22%
24%
:
—
23%
65
17 %Z
1%
1$
73
110%
>
__
20%
Xi.4%
i5%
15%
17
W/-:/Z;Zw--;Z/Z/Z/.w ./'■■ '''L,*
r-
3%
3%
■
8
—
78
'3*1$
,
3% f
3%
110
--
Xl4%
^9%
14%^; ;15%
:/
110%
—
5Va
43%
..
46%
—
111%
56
410'
124
-124,%
13% v16%
-
•
31% 34%
150
162
' 40% 45%
48% 52%
(
7Va
8»/a
52
59
41%
8"%
48%
14%
f
25%
53%
24
59%
23%
52%
24%
.61
,
30%
31%
*147% 150
' 40
40%
X44
51%
m
34%
111
.
121% 124
13% "17 \.
83
* 85%
15%
18VA
- 27%
30;
125
11%
81%
57
-29%
48%
->27%-
25%
,
1
,_25
25%
32%
42%
19%
■
/_
26%
48 "
27%
11%
l
(conv;_„
page
72%
38
33
109% 109%
25% ,30%
,63
69%
,102
108
61% 65
109% 110
24% 28 ;'
^62
69%
>03
104%
^l'A/'efl
—
28
20%
51%
11%
>•_
23%
271/2
27%
10
see
67%
.
25%
25% 30%
30% 37%
65%
65
70%
75
80
15% 17%
16% 17%
16% 19%
.39%. 43% -40% -.47y»
43% 51
,47
51%
.48% ; 52%
47V% 51%
> 41%
42%
41
-46%
45% 48%
47% 50%
50% 57»/a
55 ^ 59%
50
52
5057
57
62
,62% '70%
69
.80
72% 76,ya
z -■ :f-:,:?:./?> ■ • ■, ■/: ■ ..'zzzs/z> ■
'.-z!//z/'z/z35% 30 •
106106% 106%" 109*
108%' 109% 198109%
110Va 112 >110%,>jL12., 1
26%
30
26
28
27%
32%
31% 34%
33
35%
32
35%
55
59
53% 55
54%
56
56% 65
64
71
72% 77'A
24%
26%
24
28t/a
28y8 30%
33
36
34% 40
34V'a 39
44%
43
41%
40%
14%
^7%
79
'
38
110
110
23
27%
.62»/a -69
104
.104%
58
: 63%
58
132
' 39%
38%
'7»A
44 /
51%
27%
--
„
' 128
13%
.38%
59V'a
54 Va
26
23%
137/a
12%
_5
series
General
footnotes
50
23%
18%
:
57%
10%
49%
50%
120%
12%.
110%
lo
A._
preferred___
For
,,
48%
Ltd
series
Clinchfield
&■
46%
7%
47%
7"%
19%
12%
"
11%
-
25
Corporation
Carriers
44%
50»A
«// 25
,15%
124
11%,
—
:
pfd 4%<Z
38%
6
'12y8
w
__100
Carpenter Steel Co
Carrier
37
'41%
7
19%
47%
28%
•
15%
14%
.123%:i2iya
11
Ry Co
Capiral Admin Co
$3
.22%
23'A
70%
31
17% 19%r263'# 28%
,.^5% 37'A
.28 "
,
28%
25%
25
23
.67
71%
29% -?3%
18% 20%
27
30'/a
32% 37
151
>66%
.68%
x30Va
- 17%
64.
28:
.15%
30% 35%
22% 25% 24% v|8%
92 - 97% 92
98%
152
155
150
154
96%
-90%
144
53 A
53%
27% 32%
25%
32%
130 ' 153%
38% ' 40%
59%
105%
>24%
132% 136
38 "
39%
,40
43%
13
25
49V2
24%
.
39% '
5
Ry Co
26%
,
■-
Pacific
65%.
28%
16%
52/, 57,
— >'
—
111% 111%
49%
25
56 >>63
104/ 106.
^8 >
59%
28
104
'
>
12%
& Cannon Fdry____»
Ginger Ale______
5
Southern
136'
.125
37%
51%
//»>zzz;ZAu'.■>-;>/:«>;>/■'/•■'/i.-:/'
24%
47%
$4.25
Canadian
59
57%
24
Wyanr
Dry
>
54%
10
'
preferred
-'.'-Rights
•
■
24%
/_l
Copper
105
98
57
4l%
52
-.'53- V:
53
'/•_/—
Consol
*
68
57%
37 '
5%
45
,
Campbell
Canada
Hecla
98
54
49%
"35%
41%
74%
preferred__/____/__ioo
Zinc-Lead__.
56
22%
preferred-;.—
&
22%
59V2
51-
40»/<
Packing_^__'/________/-._'>j»
Callahan
111%
29%
56%
17%
49%
13%
:^referred____~!!l30!>
_~ioo
-:ill____5
111%
20%
58%
50%
11"
37%
10%
.
Calumet
111%
111%
22%
19%
53
120
Byron-Jackson Co_
California
23
50%
47
15
part
26
20
42%
41%
45
Byers. (A Mi
•
24%
23%
10%
42
23%
:J_15
preferred
Copper & 2inc___
26
>
pfd.IICIIIlOO
4V2 9c
Butte
54%
26%
'14%
22Va
20;
15%
22
§2%
139Va 143
20% 24%,
51% .63
'
23%
22%
23%
90%
2?%
22%
i*v
25/s 28 .s
24% 35
108
109%
26V* 28%
24% ,27-
Hna-
20% 24%
106
108,
61%
~
17%
An
1™
27 Va
27%>z>"27;, —
55
55
53% 56%
"
107/a
14%
£%£
"61%
56
46
*106
110
,
20% 23%
106%
105' 106%
,25%
54
54
40 A
12% £5%
.
81
vin^ 1^7tt
J
128
lVnl? ^.v
>49 V:
.16% 27% .17% £0%
19
;2t% 27%
24% 29%
237/a
54,— 55%
'
:
<75% 83%
138% 142
29'A
22
49%
50
~;
Brothers
'
'17%
/
39%
Co^_____
_____I~!;Z-.t'
preferred-'____—-________I"ioo
;
.
58
26'/a
14%
:
.16%
95
49%
119% 121
x50
43
_*•
5% > convertible
47
52
>5
Bldg '19c
23
23%
111
>18
£S~
43%
IV*
__L*>
Terminal
!
26
-14%
15%
19
'82%
144'A
54
61
28
58
267/a
20%
,
54%
111
:
99
<52%
41%
5Va
Terminal
Butler
:
110%
:96
*' 34% ' 36
36%
_____
—
109%
119
?-■
preferred
ioo
Burroughs Adding :3Mach__—'
Bush
.
118
41%
49c
6Vc
-
47% V 20
^04%
60
:
46%
43%
5%
43ya
/'-I/'V'
-Wheel
Bush
22
39%
21
■■-"■:>/!>; j '■
Bullard Co
_!_!"!!_•
Bulova Watch_______
!!__!/!!!*
New common ;
,_!__! Ills
Burlington Mills Corp_-_"""
~"t
New common
xzi/i/!"!!!
5 9c
preferred
II_IIII!IioO
■■
23%,
19%
23%
22%
19Va
.
Buffalo'Forge -Co-
...
21%,
25A
14%'
21%>
20%;
.34%
37%
preferred^—. inp
G) Manufacturing——
Preferred
15%
7%
(E
Budd
■'
57
27'A
.77
140
.
>
•--«
24% > 22% *26
18%
21%
■
__
22%
82%
146
KZ'
56
'14%
124
> 25% 27%
53% 6Q
'
_
24%
.78
143
',61%
61%
13%
35%
10%
'loo
..
Bucyrus-Erie Co
Budd
81%
1*5%
24%
'
19%
20
75%
141
.
54%
39%
18%
Union' Gas_/.__—
>'
.18%
81%
27%
41
3%%' preferred: _______'
-
19%
141
22%
'54,
■
-
if
109
110
;12% 40
14%
37 : 128
40
17%
55%
28Z
23%
25 /
110
108
19%
22%
103% 105%
48%
52
23%
•
48
50
,26^
44 £
§2'/a
47
43
■
24%
38 A
20
72%
*8^
22%
18
45Va
,44
23%
20%
2}^
21
24 (»
50
,43'A
37
19%
106
18
105
J2%? ;*21%^|4^
48%
AW* 18%
45%
123%
16%
17%
23%
16%
20
108
48%
,
55% * 56%
57%
49%
.
17%
-71%
135
55
24%
23%
'23% x.26%
-
18%
105
22,
52/-»
35/a 42
53%
44.
3/
.120:
39
12%
24%
19
21%
107%.
50%
53
25
24%
118%
•
Brunswick-Balke-Collender
19%
69%,, 77%
135,
139%
21%
18
33
18% 21,»
7A- ; 77a
39% 51
3^ 36
JJ
5f%
42
44
',106% -109
12 > 13%
115% 118%.
■
14%
13%
'23%
16%
55%-. 56
SO
50%
-55%,'
51%
—
•" '13%"; 15%.
47%
z
Inc.
~
50
24%
38% 40
115% us.
38%
,35 /a
32
22%
15%. 18%
40
33/4
|2%( 27%
.36
AW
»
>
v
52%
53%
1 1&%" 19%
42
43%
107% 108 '
10
12%
15%
.12
40%
106%
-
s
15%
40
-
37%
38
41
44%
106% 108
119%. 123..
14% 16%
18%-
-
18% 54 ;
24%
46%
37%
/_
common
Shoe
' 12%
-
53
47
Briggs & Stratton__
'-Bristol-Myers- Co_«^^._v;>.—
Brown
^5%
13%
19
39Va-
-10%
,114,124.
13% 15 -
„
'23
-55%. 55%'
42%
(assented)_____100
Airways Inc>__!_'J_;>_^__
2,50
Brewing Corp of America——___ 15
Bridgeport Brass-'"Co_Li_
Briggs Manufacturing—
Brooklyn
9%> 11%
39 - 40
__
•6%
37
__5
*
115%
114.
33'/a
Braniff
New
'
20
21%
.
37%
52
52%
17% U ' "
14% 19%
v 22%
37%
.403/4.44
42%
44%
107>108% Xl07% 103 '
40 '
-
Id
29%
26
52%
53 %
"rii
^71%' •42%
75%
:35l/a 42%
33
29 . 53%
33
30
19 :
.
--
(Thei_^_„____^.__^_____;15
Borg-Warner
36%
14%
110
X108% 110%
^20% / ^18%X 20%
59%
53
61%
96%
96
;
98
55f
53
55
18
56
-
53
1
Boston & Maine RR
41
17%
15%
22%
19%
49%
A_w_^_>X_1''
Inc
Co
20%
40.,
01
+
26%'
xl4%
15:
109%
5
New common
: 4 % Vc' conv preferred>v—-l_/z^ioo /
>,
87/a
9
28 /a
31%
"24%
24%
■38%
18% ■75%;
19%
.
29- .'
10%
63'
58%
,34%' -19%
,38%
19
29%
27%
24%
52%
il%' C%'
24%
' 17%
129'/a
*
100
Corp_
common
18%
.
ii4%:;ii8;
.12%- 13%
13%
,
21%'
37V*
—
74y<
25%
:
/
16% 48%
23
3.74
/
73
53%
52%
53
18%
30%
'
•
20%
,
,21%
31%
27%
• ,20%
30
vr73.%>-79^ X67%- 75
-,z> 70%
34% 39%
29% 36%
35
*73%; !78%r
38% 42%
25% 29 "
»
44%
31
52%
108% 109%
-9% 41%
1
-
55%
139
49%
.
18%
Co__j__^/.i__-__i_u__5
(The.)
77%
•
37%.
' 40%
18%
-68%
,134%
20%
B—/_/;*■■■
Stores
' 39%
28
20%
38
'48%/55%
22
,f 24%
—
17%
3%
1
23
.
Bon Ami Co
'* .74.
18%
•
24%
__
-
42%'
—,
.135%
127
Laughlin Inc.j^—u—_i.^_5
&
16%
,
--
-,85
Bloomingdale
(S) & Co Inc—
preferred——
12%
13%
l5®-/
24%
13%
Aluminum
"
54
35%.
.
37
116.
--
' 'i2T?
/23%
-
109
__
-
55%
48
Bond
--
■
Blaw-Knox,'
Bohn
io!f ' PV?
15
ilv 24%
HZ*
19%V
,
Bigelow Sanford Carpet Inc
'
Black & Decker Mfg .Co__,i-.,__
Airplane
22%
28%
; 29, X 37%
19%
37%
36
,13%
55
.
--
(The>-_I—X
108%
r
—
(Del>_riw—a
_»
preferred___i__i—z—___100
cum.
'15%
'
21
22%
iw.
—-
"
_100
/
>10%. 13%
'
Bethlehem Steel Corp
Boeing
29%
41%
29
52
37%. 41%
13%
common
Bliss &
27%
<75%,
V
34%
22%
2?V*
18%
4PA
38%
Blumenthal
-66
,
52%
34%
.
1093/4
Co
Best Foods Inc
18
24%
37«/2
38%
•
Indus Loan Corp.;
:
pfd $2.50 dividend series 1938-j*
&
14
<27%.
394i
51%
21%
42%
*2/«
_50
Beneficial
7%
18 ^
35 V*
108%
Aviation
72
-
1
14%
,'_1
(gtd)
Packing Co—___________20
Belding-Heminway Co_>
//_"
1^.*:
Bell Aircraft Corp_^'/._^_—
Bell & Howell Co
i__L,___10
7%
2J '8
36
38
Beech-Nut
Best
»
preferred
Prior
a5%
Inrr
52%
H^e
32%
;
Beech Aircraft Corp_^.^
Bendix
"%
^
.Creamery/-^—__^_/.>_^_wz_25/
4% %
<
26 • 31%
13/4 • l5 /a
"
''
.
Beech Creek RR Co
26%
;36%
llv
.__50
Bayuk Cigars Inc_u.I'^^____.
Beatrice
-
.__^__50
Co
Iron' Works
30%
.67% 71 /—l86'V
34, .' 39% v 33^i
1?,/ .51
\V/2 24
21V*
51%
71
o«,V
10
20
IVA
preferred_:___/.___100
'Barker
Oil
25%
Wfr 2£.,'
■
Barnsdall
27%
15^
preferred--100 t
RR Co_/__'—L50
Aroostook
convertible
5Ve
_13
RR_2^_W_______ 100
non-cumulative
Bangor &
■
:
""%
Baldwin Locomotive Works-
■
,
27%
16%
115
22
19%
>8 Mi
,3 » YZ9".>,;>
m
131
112
/
'
1
>>:
■
20%
*
21
94%
130
24%
26 %
•'47.-.-:
18%
403'
103
127
»25%
25
57%
56
86
127%
87%
82%
123%
,
24%
,14%
23%; ,27%
57'/a
56
85%
79%
15%
:> 37%
157%
56
.
> 25
24
14,
22%
18%-
20 Va
-7%~
20.
6%
102
77% .83%
,
y8> 39%
14%
JOO
401
99
40%
75
73% -86
>115
.122.
25%
•—
83%
36 >:
83%
81%
81
120
■74%
45
110
,
117
>33/:.
113%
82%
'
33
110
74ya
119
21%
15
■
75
57,'A'
73
71-
X39%
33%
'114
18 y8
57
.-5% ;z 7%
20%,
'
118 :
119
:
21% X 22
13%
: >94
18%
56%
74
.
38%'
>38%
17%
16%
56'/a
'69
21 -s)
90
:
55%
74
71 Va42 —
71%
',33 : 110% 114%:
>69%
19%
57%
67%
14%
*H%
17
17%
56
-
115
113%
114%'
"
4HX-;
32%
> .30%
112
110 %
112%
110%
33%
30 %
•
68%
36
•34
79 ' /
32%
no y8
70'/a
87 V*
75
40%
80
94%
-'• 110'/a
'.62
...
-
106
105 V*
105
»
52%
50 V/2
106
95%
107
94'A
,69%
139%
113%
105%
99'/a
48
133
134
438. Z .139%
51%
Z 50 ;
105%
91%
40
128
42%
140
130
Z;
51
.
17%
105%
108 %
106
108
50
50%
49%
50 V*
-
30%
27'/a
107'Z' 108
74'/8
105
66
34%
16
:
117%
20
12%
-:8i
57
117
118,:
18% ::-23*>Z
3"
cum
40%
110%
57%
5c
Corp of Delaware (Thej
,'conv preferred
$2.25
1-11%
-
35
122
x90%
>■./
77
•
30%
127
79%
32,%
"
24%
123%
28%
18 Vi
x29%
19%
24
34%
28%
107%
106%
23%
16%
14%
:5TX
106
53
59%
19
X15%
i
'
: 15l/a
17 »
110
.
/ 114
>52%
: 127 va
133% 139%
123
,
xl07% 108
.
126'/a
z
' f
101 V
67 %
134% 141
13 %
14%
,14%
* 127%
12
120
118%
50 :Z
92%
110
70%
36%
35%
___<» ,-i
(The)_
64
80
112
.97 i.
110% 114 V*
40%/
77%
32%
>10%
prior A—
>
36
48%
*"9%
115
124 % 125
.42% 52,
13 % 1X1,2%
25
107 vz 108
10 <%
$ per Share
122%
29%
127
.417.;.... 124. Z-
46
•
,
-90%
71%
80
Nichols & Co____-__,
Autocar Co.
98%
39
35%
25%
121%
tsya
46y*
•11%
$ per
113
128
13%
14%
$ per Share
December
High
S per Share
Low
High
Low
High
Share
Low
72 Va
10%,
.
15%
-
66
<
116
42 V4.
.48%
..
13%
117.%
46
69%
114%. 116
21%
.
43%
Z
13
.113
111%
35%
15
116%
18%
V;
'
>31%
110%
60%
113
*
83%
106%
65 •'
86%
>• 79%
65%
60
123
15
107%
>:
80
56%
,
38'%
33%
132
124%
108
36%
113 >>
..77
75
34%
118.
118
45%
107%
~8%-
10%
111
22% ,27
23%
>-45%
109
49
110'% 113%
100
—
77
101
74%
^
45
85%
30%
50
»
107 XV 108%
107%
55%
48 V's
__5
;
107%
104%
101
.
45
106%
25
preferred___-___'_„_.
Tack
45%
106
100
100
Refining
Powder_
Atlas
18%
69
64,
117%
13_% >14%
21%
$ per
65%
113
49%
X 12%
113
IllOO
Corp__i__i
Austin
18%
56%
119
>47%
49%
.
117
convertible preferred series A_100
6%
116%
100
preferred__u^_»
non-cum
Atlas
$5
119
114%
_100
Atlantic Gulf & West Ind S S Lines__l
5 7o
47%
.119% : 112
"8% :,**7%
/.
110% ;114%Z
U%
14%
,11%,. 12%
v
Atlantic Coast Line RR Co
Atlantic
11%
1
Investment Co_„_/,___..,.___'«1
preferred—
Atlas
111
!7>a
~8V*
.
57
Low
Low
November
October
September
High
August
High
Share —per Share;
July
High
Low
High
:
$ per Share
56:-//
>: 110%
100
Atchison Topeka & Santa Fe Ry
5%
non-cumulative preferred!
.4c/o
126
12*%
10
preferred
Associated
5'/c
120
*7
119% >105
Low
"
£ per Share
52%:/ 56%'
~6%, ."*8%
/
High
June
■Z
Mayi:;H^
Low
High:
$ per Share
:
56
102%
45
Low
cum
prefeiTed^_._^„_
Arnold Constable Corp_
,1
Artloom Corp
;
;
: .50
.
~8%
45%
•
;
115%
!
:>gt/>T;>April;';>#
'
High
$ per Share
56
,
"?%
125
«
Low
113%
-119
joo
'
■
>54%
~8%
>103
;
'March
S per Share
55%
*
preferred/Z~I~»
preferred
$3.75
High
$ per Share
Co__
&
convertible prior
7%
Low
•
common
February
Low
High
158
163
: 161
65%
71
Z
'
66 %
10
48 3a
175
70%
Volume
163
Number-4460
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
January
STOCKS
Low
Corp of America—.
1st preferred $4.75 series.-.:
,
T/o 2d preferred
Rights 'common.—
Corp—w.v.
.
"
37J/e
$ per Share
38%
105 vi
...
Low
$ per Share
High
$ per Share
Celanese
February
Low
High
:
106 y2
127
——
37%
128
15%
preferred
Central Aguirre Associates...:.
—
Central
-
...
18 V2
Foundry Co
4%;
pfd—
RR
of
New
Jersey
109%
Central Violeta Sugar Co——
de
Pasco
6%
;
—
preferred
Belt
27%
28 %
11
12%
Copper.,.—.
Products
prior
Chain
30
10%
33 ;
•
#
12%
#
.11
-
34%
36%
Co
20%;
*20.
.20%
20%
5%
*
5%
.
0%
'
112%
14%;
v'11%
'26%
27%
,
.
v
22%
30
■
.20
21%
7%
:
147
-
23%
-
153
148
.152%.
21%'
20
22%
21'%
5%
22%
•
113
19%
29%
38
13%
14%
29%-
34%;
11%:
149%
18
32%
.
.
61
15 %
16 Va
50 V«
-25
:
20%
211/4
20%
21%
22 »/4
23 Va
23 Va
27
26%
31 Va
9%
8%
10%
10
7%
51%
53%
8%
12%
8
16 Va
15 Va
18
15 Va
19 Va
34 Va
31
33 Va
40
36V4
40
17%
19%
19%
29%
28
32%
39%
38 Va
43%
40 Va
45%
43%
15%
14 Vb
15Va
14 Va
■
-
2OV4
23%
9%
12%
8%
23%
38%
36%
34V4
27V4
37%
49V2
20%
26
'
28%
33
42%
29 Va
.45
45%
110%
108% 110
si
15%
16%
18
51%
56V4
58
6% '# 9%
171/4; .21%
7%
9%
58%
10%
19%
211/4
l
u.
8%
201%
80
#
20
xi8
15%
;
55
111%
107%
110
112
69
69%
59
63
59
15%
32%
49
50%
45%
,.
16%
29%
33
31%
50 Va
110%
108
108 Va
108
110
X51%
11%
x2?V4
#
108 Va
180
■
•
13%
15%
12%
165
23%
48%
10%
12%
115
113%
44
xl5Va
52%
49%
114
112
114 %
32
17 r
11%
11%
13%
11 Ve
—
14%
13%
64
151/2
.
33 Va
19 :
54
57
,
'..
112%
21%
17V4'
25%
20%
20 Va
19 Vb
21%
16%
■tfr-. ri ./-T'
68
%
•
21
11%- 1
166%
36%
112
59
20%
.
18%
15%
10%
24
31%
110%
8%
17%
22 J/4
23%
16 %;
;
159
30
161%
11%
163
39
53%
6%
9%
158
114
34%
110
4f%
108%
153
36 Va
33%
35%
X33 %
161
22%
115
•
40
154%
36
111%
•
107
156%
111:.
32
14%
11%
10
#
24
X23
34%
113%",
108 Va
149%
X16%
29%
14%
>
34%,'
-33%
155 >:}■;;
106%
150%;
#14#
17%
13%
14% # 17%
-•
113
110
'111: •;; : 112%
;
•
15%
14%"
8%
;
t
107 Va
.<-•
rill^S
34%
64%
20%
8%
6%
7%
"
,-i
51%
147%
*
25
30%
112 '
113
66%
59%
54%
106
20%
.21%",23%
•;rl7%
21%
20%
.21%
,
105
15%# 18%
.5% ' '6%
24
31%
33%
•~-5
—
53%
106%.
15% xl6%
17%
13
-f,
I 9%
150
145
33%
:
llil%
115%
7%
•v,
25
21%
23%
I- X37%
31
37
34
152
145%
153%
111%
115%
<
9%
7%"
< 9
140
38%
Share
$ per
$ per Share
50
55%.
*106%
57%'
.45%
105%
21%
;
■ti 5%
114
.
13%.
11%'
High
Low
High
Low
High
$ per Share
$ per Share
$ per Share
48'%
45
18
22 Va ;
23%
112% ;
•
25
13
20%
21%
" .~5
Chesapeake Corp of Virginia
I..
Chesapeake & Ohio Ry Co
Chicago & Eastern Illinois RR_._
:;■ # Class A..
114-
16%
112%
30
'33%
38%"
8%
31 #
28%
•
Checker Cab Mfg Corp
8%
'• 142%
21%
24
;
129
Champion Paper & Fibre CoTfheL
6%' preferred
...——_—i.,. :100
$4.50 preferred
-.——11 —*
*18%
14% S10%:
Low
>•;
December
November
October
/
Low
High
'
#
7
—
115
10%
'25
•
Certain-teed
h.i7/V
*
27%
Century Ribbon Mills.
Cerro
14%
Low
J
105% 106%
147% 152
j
140% 153
143% 145.
'15%
5
112% 115%
11%
13%'
112%
11
.
110
■
16%
20%
September
High
August nv'
v
.
High
$ per Share
'50%
107
19%
21
Low
rl/64
'
47
51%
15%
..
July
;
v
High
Share
$ per
107%'
104%
107
132%" 148
20
6
High:!
'.47%
52%'
44 %
■
105%
./
Low
$ per Share
* 22%
5%
6%
24%
June
May
Low
$ per Share
45 V*
106%
133% 137
r
Low
17
19%
19%
20%
Central Hudson Gas & Elec
Corp
Central Illinois Light 4 % %
^Central
41%
105 %
128% 139%
Celotex
5%
43%
April '."i*
High :
f.
-
High
107%
106
# ;
March
:
80
22
17%
54%
58 V4
55%
57%
9%
11%
9%
10%
221/4
20
23%
X21
22 Va
•
Chicago Great Western Ry Co
5%
preferred
A
preferred
wi__
Chicago Mail Order Co
Corp
financial
19%
52%
52
54
58
15%
17%
23%
21%
27,#
25
26%
23%
27%
261/4
22%
25%
54%
50%
54
51
58%
54 Va
56%
17%
17%
17
18%
55%
18%
17%
61/4
8%
34%
35%
16%
18 %
16%
!
17
17%
19%
6%
31%
6%
8%
31Vi
-
7%;
34'
35%
50%
21%
23
40
110%
50%
47%
49
47%
20%
231/4
22%
23
21%
23 Va
21%
22%
211
22%
21 »/4
53%
22%
31
43 Va
39%
41%
37%
41
361/2
42
39V4
41%
39%
42
100 Va
99%
9% XlO%
175
175./
10%
12%
11% Xl3%
53
60
53
170
-
94
170
94
•
107% 109
108
betterment stk—50
45
36%
35%
37%
Coca-Cola C6
134% 140%
—
—♦
150
>
46%
49
54%
50
48%
110%
109
109
1081/4
109
130
99
98%
98%
98%
56%
57%
57%
57%
57%
: 57%,
57%
40%
37 %
40%
381/4
403a
37%
40%
'41%
43%
40%
38V4
133
132
137
143
140
130
63%
64%
63
64V4
63%
VB
33%
32'/a
34%
32%
35%
34%'' 36V4'
107%
108Va
104Va
104%
105'/a
36%
40%
351/4
34%
5%
convertible
31
106Va 108
19 Ve
6%
:• 7V2
:
35%
121%
52Va
22
58
/23%
41%
102/102
12%
New
A.%
■■
...
4% non-cum 2nd preferred
;
Columbia Broadcasting System—*
Class
A
Class
B
&
Electric.
New
Carbon
common
108
62%
65
102% 106
New
common
Commercial
4 Vi%
49
32i/4
28%
32%
36%
36%;
38
36%
' 5%
31
31
37
94%
89 Va
.
#
.
-.100
951/4
*
^
"——17*
Consolidation
15%
Y
Inc
H
%
;
1
175 /
183
33%
37%
40
Steel
99
92%
96
90
87%
104
96 Va
98
•
91
105
107
104%
106%
98%
103
v
104Y8
96%
48%
40 »442%
43%
107%
107%
107%;
18%
15%
15%
41
ih
33%
41%
39%
42
97%
29%
.
t
92%
96
29
29%
29
39%
40
7%
6%
401/a
42
41%
71/4
#43%
87/e
9%
18%
43%
431/,
-341%
32
•
37
34%
31%
32%
#43%
10%
100
104%
94
X29%
30%
31
/ ;;3 Mi
31
1
26%
25%
29 Vb
27%
25%:
28%
26%
25%
28%
34 Vb
31%
33
30%
33
31%
101
104%
3%
4 Va
26
25%
107
27V4
*25%
101
105%
31%
1
105
30%
44%
104%
104
122
41
37%
41%
37
29
27%
35
39
50
50%
51%
>
108 V2
107%
.
51%/:52%#
451/4
49%;
52%
xl 12
17 %
20
l5% 20%
//!%;•;' l%:,--:;i%;'/2%;
107Va 112%
109% 118 Va
30%
31%
31% 33%
17%
1%
151/4
IV4
l»/4
1%
104%
109V2
104
30%
31%
30
39%
30%"
31%
28
37
34
38%
30
28%
33
38
34%
37%
33V2
35%
IO31/2
104%
37/a
4%
4%
28%'
31%
30 Va
108
31
30%
33%
29%
35%
X35 /
33
104Va
103%
3%
4%
x29%
34%
104 i/a
4%
103
30%
3%
30
20
,27%-
xl061-2 108%
108%
36
33
IO71/4 108%
107%
.
:
103
1041/a
/
4
/
/
31%
29%
•;
109
1091/4-' XIO6V2
5
4%
32%
30%
104'A
103
5%"
»%
4%
30
32%
28%
32 Ve
29%
31%
29
13%
14%
13%
14%
12%
14
11%
6%-
5%
.
.
108
107
4% ;;
5-,/
4% ,'5%
36%
34 Vb
37
36
37%
18%
23
18%
22%
x201/4
26
#
5%
32 Vi
28 Va
121/4
11% # 12%'
124%
118
33%
34%
41 %
45%
46
48
41
45
38%
34V4
39%
33%
37
38%
42
33%
42%
36%
38%
50
42%
48%
101%
102%
47/a
5%
7
1%
"7%
5
34% % 31%
34
IO6V2XIO8V2
32%
5%
4%
5
5%
•
31
13%
# 7V2
341/2
13%
13%
12
38% «45 •'•
43
16%
22 V
40%
35%
32%
V2
43
41 Va
451/4
35V4
40%
45
16%
191/4
22VB
211/4
25%
23 Va
50
50
53%
50%
51
51%
52%
51
52 /;■;
52
55
53V8
109%
115
110%
27%
37%
37%
18 Va
23%
21%
25
23%
25%
23%
281/4
28%
27V4
29V4,
27%
29%
28%
29
32%
33y8
I7V2
20%
18%
21%
19%
30%
21%
21
34
20%
23
21.
24% ,'22%
27%
26%
32
1131/4
30
34Va
25»/4
53%
110%
38%
39
21%
//
.
108%
106%
108%
107
107%
5%
3 31/2 \
32Va
32%
12%
X 29
;
2%
41/4-
34%
40
211/4
32%
4%
116%
25%
3%
118% 1243//
33%
34%
22%
227/»
2Ve
49%
110
Va 113%
19 Vs
v
•
27%
28
53
46%
42
,4%-
6Va
11%
33%
13%
23%
35%
22%
35
Xl7%
5%:
4%
30
311/4
13 // / 11%
36 7/8
37V4
X102
100
41/2
44%
51%
-
103%
#38'.#
<1. 33 #*•
34%
108
106%
40 Va
•
26
:;47%:/ 53% :,•; 45%#51//
104% 108
106% -107%
41%
52
:
105
105%
31%-
<
22%
*
108%
27
30'/a
26%
29%
26%
8%
10%
9%
109%
H3%
27%
29% <
:
,
27%
29%
271/4
28%
110% 113 #
113V2
112
113
111
28
28%
30%
29%
28
23%
26%
;•
19
26%
21%
.26
113%
si
8%
9%
1U
112
9%
112
114
109%.
HVB
9%
112
109
9%
10%
111
30%
27%
11%
91/2.
111 1/2
108
40%
41%
—-
'
43
,39%
■
39%
43%
107 %
•
46%;:
X44%
107%
107V2
47%
108
11
12%
11%
13
10%
12%
10%
12
11
33%
33%^ 36%
35%
40%
37
lOVa
10
10%
10%
12%
11%
15%
14%
17%
107%
109%
47%
51%
49%
53
48 Va
52%
52%
58
10%
lova
12
30%
33%
31%
35%
9%
31%
series—50
I
U
10%
12%
IOV4
11%
10 Vi
121/4
32>/4
33%
29%
32%
29%
x32%
32 Va
37
32%
35%
32%
35Va
17%
20%
18
18%
21
48
50
47%
49%
48%
50
49%
21%
50%
49%
51
22%
54%
58 Va
53%
#
21%
;
188
l
1
25
:
100
6
v.
;
3%
25%
108
60%
63%
186%
191
71/4
6%.
4%
4
301/B
110
53
51%
53
52%
55%
17%
52%
53Ve
18%
56%
60
33%
30
#
63%
61%
194 V2
60%
190
193'/B
195^
65
103V2
64%
193
104%
6%
6%
6%
7 Va
6%
8%
4
4%
4%
4%
4%
5 V;
29%
31%
IO91/4
27%
107
31%
27%
31%
/: 108%
107 Ve
108%
30%
X105
104%
24
•
*
*
$2 cum preferred
51
52%
51VB
52%
52%
19%
19
21
5
56%
56%
59
''
33 V*
33 VB
36%
60
105%
Va
188 %
67 y8
195
25%
25%
311/4
35VB
35
37
39% "38
•
#
j;
r
481/4
...
i
8%
8
3%
4%
34%
30%
105%
104%
32%
27Vb
37%
30%
105% v'; ^
.28%
.
44
28%
67%
185 V2
36%
28%
26
100%
•
64%
70%
64%
12
10%
9%
41/4
51/4
5Va
38%
10%
7%
41%
38% ;:4l..v: %
•
27%
29
102 y8
28%
105%
32%
1051/2
107
#30%
28%
26
27%
28%
37%
31%
35%
35%
38 /£,
36
391/2
45%
39 Vi
43%
38%
45%
51
44%
38 Vs
49%
47
'• 108%
31'
34%
37
39%
55
52%
59 Vb
50%
50%
53
*
47%
46%
39%
5U%
49%
'--v.'
51%
49%
50
;.
47
•
>
491%
—
-
#.
43%
37
31%
34
3P%
13
7%
6
38%
107
69 ;
199 '
193
196
190
9'/b
40%
108 #•
'
>
71 rfti
190
9%
101%
37%
34
105
4%
>
63%
59Vi
37%
104
26%
22%
105V2
32%
37 VB
19%
521/2 #53 •:•■#
64
•61 Va
64%
106
55
17
\:.y>
101 Vs
V«
103V4
67VB
3%
31%
59
33%
191%
65%
7%
104%
v
104%
103
187
4%
33%
•
48%
191
9
*
47
v
66%
61%
3%
108 Va
20
41%
X53
v.
53%
52
19% X22 Va
26
27%
:
104
101%
188%
7%
<
#:
#
102
67%
192%, 195
8 VB
9%
4
16%
55
31%
17%
16
53%
18
99
2
—
17%
30
19%
;
10O
Seal
15%
19
17
.;
105%
65V4
68 Vb
1941%
4%
X107%
16 Va
16%
541/4 *"58 %
33%
v
r'js/v#
'
30
20%
19%
7
V
50Vi
•
38%
23
'25%
51%
53%.
„
61%
100
22
50
52
—10o
.25
23%
51
'
38%
>
40
51%
57%
441/2
20i/8
51
18
43
38%
37V4
51%
55
35Va
21
50%
/,
151/4
36%
37%
51 ;vi
55
16 VB
18%
16%
20
•
17%;:
58%
55
34%
14%
53
32%
16%
14%
58%
17
,:••
19
16%
#18%
14%
33%
151/s
55%
.
35
15%
20 Va
II
30%
15%
59%
113
;
T5Va
16%:
16%:
55
.
110
16%
33
14%
17%
13%
54%
48Vz
43%
48%
112%
•
20%
15'/4
52 Ve
/; 13%
50% 54%
xl3
44%
108 Va
50
108%, #
,
34%
50
56%
44%
50-
hi
321/2
/.
107
18
;
131/4
5
Corp
22
53
: 50
100
50
107% 108
-•47
32%
35%
15%
'
20
32%
.19%
13Vb
VB,'
49%; 51
20
521/4
35 Vi
20%
50%
13%
10%
34
20
11%
48%
32%
17%
15
13
51%
11 VB
32
13%
'
108 Va
108
105
105
100
99
49%
•
#
35%
18%
14%
12
49%
42
107
9%
36
32%
12%
49%
14 #
54
,
31%
12»/e
16
Corp
11%
X51
107%
106 Va
100
94%
93%
45%
41 S
47
1091/2
108
12%
49
44 V#
;
40
28%
109
104
93%
37%
113% 115
113% 114%
115
U3^
30%
-
29%
-
•
100
5
103
110
50%
50
151/4
15%
17%
1%
109%
161/4
30%
29%
<
104%
111%
2109
51
4IV2
106
1
21%
*
page
104%
103
'
32%
11% •14;;
31%
36%
21%
103
104 J
106%
28
17%
-
4%
102%
4%:
1081/4
5%
6Va
•
4
104
.-
105
1061,4
16%' 17%
1
1%
17%
15%
.27%
r-r-'-.r
—
105
103
105%
99% 104
106
39%
44%
49
43
50
44% 48%
9%
11 /
10
; 11%
107 Va 110%.
108% 110%
1041/2 106
104i% 107
50%
43
,*■'/"/
8%
see
30%
42%
16%
38 Va
17
'/*
33
40
36%
39% / 36%
50%
23Va
r
footnotes
36V4
341/2
31
116
.
19%
$2.25 preferred
For
36
32%
32%
8 Va
106
50%-/45 % ■' 50%
112%
111
113
/;
14
15%
39 V*
36
104
"51
47»A
44VB
45
43
105%
it
92 Va
ni
/ 45%
50 /
49%'
48%
50
107% 108%
ii%::
u
:
49%
47%.
10%
*
(The)
63%
31%
361/s
34%
U0
125
1051/4
106
26%
—
common
182
59 Va
IO2V2 103% Xl02%
40%
Ve
29%
98
23 Va
preferred
Rights
38
42%
30
6%
28%
Delaware.."
preferred
52 Va
155
72
62Va
;%-44,
ill
47
113
41
35
23%
pfd
Co
41%
,
176*
1751/4 182
.
101%/103%;
46Ta
.
40
103%
27
Cream of Wheat Corp
_
97
46
Electric
&
36%
7'
19
preferred
Cork
37
,6%
51/4/6%
5%,
99»/a
23
<■
preferred 5%
convertible
Crown
38%;
.
18%
preferred
Crosley Corp
35%
4%
27%
Corp..
International
/
155
65%
43%
44
41
110
33%
401/a
401/2
22%
Fibre
of
Coty Inc
5%
38'A
24 Va
Corn Products Refining
3 %%
38'A
19
Exchange Bank Trust Co..
Crane
35%
I
21%
Corning Glass Works
Coty
38
X25%
Copperweld Steel Co
cum
30%
48%
43%
112
/ 33
46%/
32# # 46% ;
25 %
20
Cooper-Bessemer
$3 prior preferred
7%
32%
27%
:
Co
59
;
.;'39'r/-/V42%.#//;89%:#:44%/#:44/:##;49:
40V4
35%
35%
30%
23
Motors
Convertible
50%
22%
Insurance
Cornell-Dubilier
36%
34%
37%
33%
36%
18%
Can
$3.75 preferred
Diamond
63%
111
110% 111
29
'/a
26%
29%
14%
-45%
1*11%
25%
28%
44
25%
Baking Co...—...
preferred.——.^..—
$5.50 preferred
Oil
J9%
27%
20%
8%
Continental
.28%
10
Continental
Continental
49%
1491/4 175
62Va
65
111
25
_
Continental
37
52
149
65%
..
pfd__100
(Del)..
$4.50
*
15
—
Co
41%
48V4
/
101%
42%
45%
110% 112
25%
32%
32
24%
24%
5
Gas
Co
39%
53Va
1351/4
36V4
34%'
85%
48%
40'/a
95
22
—1
preferred
Corp
Coal
59
41%
135%
36%
101% 103%
33
.941/4
103%
107
,29%
*
Container Corp of America....^...-20
3%%
90
47%
17%
28%
;
4 '.
»
$2.50 preferred
Consumers Power
25%
•;;33%^737%/J
5%
4%
95.:/-
98
*
$1.25 conv preferred
Consolidated RR of Cuba 6%
Corn
,
85%
107%
5
Corp
of N
Co
Natural
56%
49
152
64«
59
57%
56%
146%
64«/a
100-
371/4,
148
63
33%
1
29%
Laundries
Continental
:
93
:40%
107
25
Consolidated Vultee Aircraft
.
41/4
102
89
U
Industry—:
participating
Continental
35 Va
.
/47%^49;<"
*
;
preferred
Consolidated
,99
40
50
147
/
64%
110
109
100
99,
56%
-
105
113%
60%
106% 110
/
„„„
*
$4.75 preferred
Consolidated Coppermines
Consolidated
68%
.
22%
Inc
Film
>
111
58
100
132%
30
37%
84
*
——;
Edison
108
98%
-w
64%
20%
32%
28%
90 V*
I
Cigar
Consolidated
28%
32 V»
35%
31
•
Continental
31%
27%
35%
Nasi Publications" (The)-....^>
Consolidated
'-
103
112
205
/
111
149%
40%.
42
—
Congoleum-Nairn
108
/ : 56%
Corp
Commonwealth Edison Co
$2
36%
.
preferred—100
Consolidated
25
28%
-4%
100
Solvents.,
Commonwealth Ss Southern
$6 preferred series.
$5
29%
24%
34%
"
^—100
Commercial
Conde
29%
; 112
111
33
Credit—;39
cum
111%
111
35%
4%
convertible preferred.
3.60%
110
98*%# 98%
25
72Va
•69
/i03Vja
102:
59%
108
371/4
104Va
21%
25
69%
6OV4
110% 115
55
39%
:;.1638
105 U
99
,
/
30
68%
;
101
103
'
60
98%
58%
102
61 :/#
146
38%
34%.
39Va' 44%
110% IIH/2
41
37%
40%
25%
$2.75 .preferred—':
.
100
54
X107V2
27
581/2
205
*
33%
Co
^
Pictures
; i 185
98
14%
52
271/4
"
103 ;
16%
581/4
55%'
54Va
46%
40
preferred series A_
Preferred Sfo series...
Columbian
31
*
—
6%
Columbia
23%
36 Va
—2.50
—^
Gas
25%
58V«
100
:
'
Columbia
112
23%
—2.50
—
111
115
28
1-11100
1st preferred—,^....100
non-cum
60%
.
110% 113
»/■
;■
-
Ry Co
37%
ill
»
common
•
14%
56
140V4
23%
25
451/4 -49%
102
47
44
128 Vb
51V4
.55%
23
149V4
'
'34%
100
Colorado Fuel & Iron.
Colorado & Southern
61
471/4
15
>10%
11%
/
27
X23
20 ^
125V4 134
128
66
;
21%
•
48
39
39%
60%
23%
21
8V4
9V4
6%
36V2
128%
32
102Va 103%
preferred
60%
X20%
$3.50 tireferred/w....—
•
58
24»/4
17% .19%.
46
■
13.4%
130
141
64»A
58
18%
35%
38%
55Va
59%
58V4
57%
35%
58
19 Va
98V4
57%
37%
56%
,
100
33%
I491/4
41%; 44%
;146>// 151 /
44%
140
100
38
33Vi
*
55
99
107
107
991/4
97 y2
38
138
:
33V4
28 Va
;30j/4
31%
191/4
120 Va
72
36
29%
28;:/
571/2
110% 112
• 46%
53%
107
53%
97%
,14477.148/#.;
;
54%
51
97
1
IHV4 113
'46%
50
112
36J/4*
39%
r 28%
—
31%
_
111
96
37%
39%
:147
147'
65
—
*
35'/4
63
62'/a
Colgate-Palmolive-Peet
lllVi
421/4
66
29'/B
185
105
110
50
IO8V4
96%
v
53%
149 '
——
49»/4
109
95
34'/4.
44
50
100
X99
101
112
-
37%
76%
:
18%
17%
105
12%
10%
54
100
97
114%
102Va
Xl2
IIOV2
94
110 %
10%
51%
54%
95
53 Va
91
114%
131/a
12
;
v 47
102«% 102%
105
'52 ' ::/; 57%
13%
58%
73
471/4
70%
.
56%
186
185
'
94
111%
12%
55
57%
103
102%
101
•
12%
59%
10
109% 111%
44
45%
93%
101.
101
100V^ 101
103%
m
50%
52%
70
41%
22
421/4
36 V2
112%
45%
74
'
72%
53
125%
21V8
36
96%
46%
70Va
45
291/2
:
56V4
i 7
#33-# #
1061/4
112%
46%:
104%
44'%
Molybdenum Co_._
*
Cluett, Peabody & Co__——*
7%. preferred
Collins 8s. 'Aikmani:--:--.:./;L../
33
681/4
681/4
58
31
105V4
94%
47%
49
6%
'7%
33%
116%
104%
44%,
Climax
$4.25: preferred--—
6%
36
'93%
117%-
-
18%
16 Va
17%
32 Va
8%
6%
34
45
98 /
16%
108 Va
96V4
50
Corp
67
•31
41%
43
19V«
56%
18%
16%
18%
91%
«
International
28
57 VB
52
57%
'
8%
35%
-6%
31
26
-
*
42%
5
—
•
53%
57%
57%
16%
17%
54
57V4
17%
•71/8
100
(The)
29%
29%
53%
51%
52%
58 Va
♦
A...
31
25V4
26 VB
20% #26% f
24
54%
36%
_•
gtd
29%
27Va
25%
66%
63 % a 73%
20%
/♦.;
-
11%
30%
37%
.
24%
5
guar. 4%
291/4
10%
9%
9% .11%
87/b
9%
:
63
42%
32%
57 V»
76%
16%
I8V4
49%
.38
67%
x57%
4%
7%
26%
21%
69>;;.
24%
x5lVa
29%
Cleveland Graph Bronze Corp (The)__l
5%
preferred..—
,„ino
■
69%
24
18
25
;
38%.
'
58
#"'•
16
17%
60
20%
27%
•
231/4
10
;
Cleveland & Pitts
8%
28 Va
24%
31
27%
24 Va
53%
56V4
16%
16%
Ry Co
—.—100
5 7o
non-cumulative preferred
100
Cleveland Elec Ilium $4.50 series pfd-*
Coca-Cola
.
#'-25'/
49
C C C & St Louis
Class
«■
•
Corp. .*
City Ice & Fuel
City Investing
5 % % preferred
City Stores
Clark Equipment
Special
30%
65%
63%
19%
55
>
35Ve
23
58%
39%; 22%
22
62%
*
—
Chlckasha Cotton Oil..
tChilds Co
£
Chile Copper
:C1T
bU%
21%
23
38%
29%
32%
28
29%
19%
•
divs)
cum
Chicago Yellow Cab—...,
Chrysler
25% '
30'A
54%
#.—*
preferred
($2.50
27%
9%
7
66%
25%
5
Chicago- Pneumatic Tool.—.:
convertible
28%;
10%:
8%
loo
Vtc for preferred series A 5%.—100
$3
27%
24,
\
8Va
wj—.*
vtc
Chicago & North Western vtc for com*
Prior preferred
.
6%
24%.
" 7%
6Va
.—.—50
—
Chic Milw St Paul & Pac
Series
50
'
the
commkkcial
Thursday, January 31,1946
financial chronicle
&
NEW YORK STOCK RECORD
January
.STOCKS
/
February
Low/High
"
*„*
i
,
Low
$ per Share
...
s
$ per Share
Crown Zellerbacll
$5
Corp
5
20V#
21V#
preferred,,—103
104Va
cum
$4.20 preierred
$4
2nd
u,
non-cum.
*
preferred
Cuban-American Sugar Co
7%-.
cum
-87%,
4%%
30
25%
:
,_2.50
108Va
preferred——;
Curtiss Wright Corp_„——
«
29
<
.
,,1
pfd
5c/c
preierred,,,^..,,
&
Delaware
Detroit
Lackawanna
&
New
21
67
«
36
/;
Dow
-
Ltd^
Inc
;
(E I)
Duquesne Light 5%
Ekco
.-4%%
.
.-
icily*
22%
21%
Z 68
68
22% ■
/;
68
68
44%
41V*
'44%
~-
—
45%
37 -:/■■:
25%
23
39%
47%
36
25%-
43%
45
44%
38%
18%
38%
43%
17%
21%
Z
40%
-22%
44
%
24
Va
55-
20%
17%
108
108'A
; 23% : 26% /
>
70%
127%
125%
134%
137%
132
112%
112%
114
112
54%
60%
~'
jJ.
-
" •'
,,
14%
13%
42
;■■
25
23
42 Va
34%
45'/#
36%
23 %
22%
71
/#*#
23
25%
46%
40 V*
23
71
75
./•;
-
22%
26%
38
38
42 %
44%
42%
//
56
21 Va
49%'
25%
60
51Va
-
105
105
-
/
23%
22
56%
106
105%
29
26
28
25 V*
Z
Z
47 %
48% ;
48
49
47
49
48%
243a
22%
24%
20%
23
21V#
24%
24 V#
27%
26%
26%
22%
25%
22 V*
24'#/
22%
82
90
783A
9012
85 7#
24% ,23%
93
88%
;
134 Va
143
1133a
••
95%
137% 140
114
113%
114
27
30%
27%, 30%
13%
16%
15
27 V#
127 Va
138
129
141%
113
112
113
11%
44%
17
18%
17%
18%
17%
21%
22%
25%
25
32
32%
29%
32%
111% 113
16
17%
16%
19%
16
18
16 V#
17%
16%
19 V#
18 V#
19%
18%
52
62%
57
63%
55%
63%
55'A
68
65
79%
79%
94%
94
24%
22
25
21
25%
20%
24%
20
21%
21
22%
21%
30%
30V*
175
181%
175
183%
177%
183
177
180%
170
179
187
Xl88%
188
192
190
197
56%
61
196
200
192
196
52%
57
53%
58%
23%
26%
24
27%
28
,
/
—
•
—
—
.
10%
8Va
45
50%
48%
14%
16%
14%
17%:
14%
5%
8%
6%
9%
-
17
5%
6%
6
7%
5%
4%
6%
6%
7%
120%
112%
116%
>50%
,44%'
3134
;
18%
14%
16%
116
U6
115
123%
43%
45%
43%
36%
23 V*
27%
21%
20%
22%
71
104
106%
23%
26%
; 102
106 >
26%
23%
28
24 V#
21%
24
65
63
66%
65
66%
105
106%
104%
102
101%
105%
106
107
104
104%
*
2
12%
106
2%
14%
69%
.
.
23%
.104
103% ■
105%;
22V#
,
24%
103
104
103.
105%
104
106
/
102Va *05 ,
102% 105
106
106.v;
/
104 Va 107
104%
1%
1%
104
105
2
16
18
16%
20%
15%
19
71
75
1
18V#
75%
71%
83
77
82
79%
84%
84V#
79%
84%
—
...
88
88"
7%
15%
Xl3
Z 80
...
89
14
19%.
17%
51
45%
57%
53
57%
51%
21%
21%
54%
6%
6%
6%
X7%
50%
33%,
6%
7%
20
25V#
31%
29%
31%
27%;
16
14%
16%
12%
15%
13%
17
20V8
21%
19
22
19V#
21%
IQ5
,2
106%
105% 106
297/#
28%
23%
25%
25%
28%
ioai
10%
12
28V#
30%
x38
29%
Zi i07
103
—1
104..106
«
25%
.
31
'
25%
'
;
Corp—
•
prior preferred
Francisco Sugar Co_.
_•
Co
1
20
IThei
•
Co
20
Inc
1
preferred
page
26%
5VA
44%
42%
25%
52
25%> 29%
45Va.
109
^
TZv*
#9
;
mm
33
/
301'*
77/# '
Z
32%
6%~
7%
47%
53
48%'
53/Z
153/4
/
16%
16%
18
66 /,y
25
16
'
18%
135
34
27%
ie
35
•
45%
113
6%
7%
4%
03^
Z
A*.
114%
58%
:
45 V*
141
51
48%
44%
48
46
25.
22%
24%
21%
24%
22%
25%
24
23V#
22%
24
21%
23%
21%
23%
23%
27%
72%
72
74%
79
76%
81
105%
103
2%
17
69
105% 105%
/
42;
32
79%
105% 105%
45%
43
.-6%::z 8/49
53
17
68
31%
6%
-
9
V#
6 %.
50%
'
107%
103 Va
21%
21%
28
28
53
55%
52
,
54
63%
108
80Va.
86
02
14%
.
19%
7%
67#
9%
29
32%
31
14%
16
15
21%
25 Z
23%
:>
28%
55
62%
8%
:
is/; •17
/;
75
62
109%ull0%
39%
42
27%
60%
18%
65
31%
36%
:
108
35%
17%
y
25%
20%
23%
109%
26%
109
110
39%
%
37
40
39
46%
104% 106 Z, 103% 106 ./
X26% ,29%
29 V*
33
40 Va
42%
32%
30%
32
12%
15%
15'A
45 Va
13
41%
28%
28%
12%
65
50 Va
50 V*
104 Va
:
105
106
34%
32
64%
110
60%
2%
19//: 20 Va
69%
68
31
34
62
70%
Z 60%
Zfv 57
'::/V
47%
46%
27%
60%
57%
63%
32%
-
59%
65%
63
70V#
67 Va
107%
107
109%
107%
49%
52%
53/60
30%
52..
29%'
57%
55%
107
107%
33%
31Va'33%
X52%
32V#
63%
66
70%
107 Va
110
108%.
53 Va
.
56 Va
33%
59
36%
38%
108%
,
109%
49% -53
110
111
50
-
36
25 Va
26%
Vr .17
35%
114
-
7%
63
75
X62
.
40%
38%
10%
V 21
19
77
Z41 :
10,
/
71
37
:
7%
37
40
•
9
z;
59%
40
41%
8%>-9%
67
40
42 ;
8% ZU%
65
/
52%
'
44
i8%:
22%
26% •29%
62Va
64 %
72
20%
19%
20%
66
59%
64
38%
32 V*
26 V#
37JA
27
26%
26
18%
167a
183#
16%
40 V*
■
79%
,
125/
14
'■
:■'!
;
■32%
15%
128 /: 136
38%
35%
29%
48
44 V*
39%
37%
/(i25% ',Z26%Z/26
14 v
135/
47 Va
X38
47 Va
17%
41%
;•■■■'
ie:
146
140
413i
*
52%
-
144
i.
48%
26
":
19
w
38
26%:
-
-
15%
134
138
,
135 *-137
40%
37
39%
36
53%
■47%
51%
V*
.747
-
•
33 z
134
37%
•
-
-
27
39®a
26%
17% / 21V#
18%
140-
35'A
.'25%
;
135
-
,.
37 V#
41%
26%
27%
21
26%
135"
67
38
403#
39%V 48%
48
53%
53%
58 V#
56%'
64
663A
1
Va
51%
71
:w-
113%
7%'
118
8%
16 V*
116%
Z7%
:
122
8%
119%
123%
121"
117%
7% Z8%
' -7% '
8%
6 V*
57/a
7 V*
17
17%
Xl7Va
18%
17%
14%
16 V*
14%
16%
15
5%
16%
19%
17%
20%
18%
20
70
70%
71%
71%
76
7%
8%
7%
9%
:
18%
,71
8%
19%
116% 122%
-
.
5%
-
V? A#. ^
39
-v
.
xl43A
16%
17%
18%
**9 Va ;1%
_9%
17% xl9
150
145
%
'£
9
24 V*
/ 48
160
10%
ZiVa
;"'
27
>
,/
146
Va
50%
67
71%
36
153 7/a
:
-/
162
12%
10%
10'A
9 V#
19 Vb
18%
19%..
25
29%
23%
26
21%
25%
77
BV/2
11
13%
12 Va
51 Va
55
53%
10%
24
76
71V*
9V2
130/
./
44 %
X26%,.- 43 V#,
19 V#
18%
16V*
131/
9
6%
"
122
.
71% ; 77% ,
35
119
/
V 35 Va
.26
/-
74
*.•
136
39 Va
>y
.10% ,..13%
Z ..■72%
•20 V*
19%
COV*
"•
80 Va
39%
',-8%/ 9%
63
65" '4
V#
■:
32%
26 %
.
r%
3%
37%
25 %
Z
18
59 V*
105
"
7%
21%
%.
9%
.
18%
23
/
,
/
20%
23%
62 %r
30%
■
18
24
59 V*
15V#
.
4
92
21%
28%
0
107 Va
84Va '
22%
55% /62% -i
61%
107%
19
79%
23
r%;/
IV#
3%
17%
;
60
.
X10C
4%
18%
61%
38%
103% 107%
23
23 * 27%
4
33
33
108
107%
2%
.
107 /
16?a
58
x47%
46
-8%
14 V*
_/
106%
46%
58
66%
.
105
J27V#
Zi.7%
133^
8%
38 Va
38%
37
58%
,
32 Va
32V#
35
107%
106
52%
?
?
29%
33
55%
:
29% /
16%
16% '%
.
47%
104 V#
59%
.
109%/ i08%xi09%t^
106% 109% 108%Xl09V£* Zl08%*109%
36 V#
33%
33%
36% X32%
36V#
35%
39 V#
27
24%
27
25%
27% ■"
26%
28 '
10%
.10%
12%
10%
12%
11
12%
51%
.7%.
6%
7%
14
14 /.
20%:
20%
106%
54
V*
101% 103 ' 1103
102% 105% X105
,
6%
146
50 ;
,
'■
107% 108%
45%
48%
60
-17%
8%
27 Va
27%
16%
22%
30%
38%
5%
17%
71/a
30 Va
30%
45%
39 /
16%
/_
50%
53 %Z
53%*
28%
34%
17V#'-18%
375^
103%
V 31
80
/
■
.
28
';
58%
78
6%
—
14
108%
•
'.38/Z
1334
17
.
/ /
1TT Z/
63
107
80
6%
—
? 12%* 14%
12% *14%
.;
105%
,61 •':Z;
33%
1
45%
;
64/
76%
52
27
Z27Z-: 29%
60'
28%
■'
—
33%
-42 %
7
28
105%
53%
38%
104%
'x74%Z/75Z;Z:78%-
137
55%
16%
118
50
7
107%
'50 3 *
4814
.
35
61%
30%
14
36% >
57/#
38
,
103% 106
27
31%
29%
31%
101
103
>
100% 103
100% 105
\ 101% 104
101
106%
103% 105%
1%
2%
1%
2%
15%
17%
16%
18%
107%
108%
50%
12%
145
7%
19%
158
147
41
50%
6%
29% '
.
137%
6%
16%
132
43%
6 V#
6'/#
20
7%;
.19
48
.
52%
.
-
154%
15%
24
/
■
146 »'*
14%
38 /•-/
/
26%
106% 107%
'•47 v-/-:-451
48
25%
28%'
17%
16
36
;
11%
56
63
109%
;30%
26%
/
113%
•
36
134
43%
"mm-
73
Z
m
17
120
-
37
42%
z-Zv--.
>
51%
45% " 49%
r-./?
_
28%
Z
129
•
69
■
,'25%:/25%
25
;
Zi
72
'
56
24'/#
HO
//./
-
32
5V#
16%
152%
21%
16%
16%
13%
6
19%
140
14
88%
15%
21
21
22%
105% 107 y ?
38%
5%
143-
24%'
:
109
24%
88%
14
%
55%
50
631.
28%
105%
16%
preferred,
24%
59%
6%
,_Io
...1
(Robt)_
.preferred,/,—
27%
110%
/.
100
23%
53%
_1
cum—
104%
IO8V2
Z
l
107%
59%
30%
l
10
105%
110 V#
-109
s
106%
—
preferred,-100
1
35%
56%
41
•
Fruehauf Trailer Co
31%
108 V8
H
__25
Freeport Sulphur Co__
33
11%
34
52%
109
_100:>
;;
36%
x28%
12%
x58%
42 %
10
'
38%
28%
10
54
"•
Corp,,^—„..„__10
32%
24%
11%
107% 108%
7.5a
convertible' preferred—
Food Fair Stores Inc.,,-
38%
27%
104%
28%,
52%
105
20%
21
6
33%
14%
.23%
23%
: 55%
29 Ve
29%
22%
.
18%
17%
...
;
51%
51Va
32%
16%
19%
23%
30%
57
14%
.107
50
■///♦• /.■.■
5&
304
.«
X29
•
9%
23 V#
A
31
7
104% 106
24% .26%
-
52%
15%
21%
9%
class
30%
56
13
—0
Co__
48%
28%
18%
130
1%
*14%
13
7 V#
7V#
6%
13
71
16%
5%
13%
19%
15%.
15%:
16%
45%
11
64
48
15%
19%.
50
46%
12
65%
41
13%
'
v-
„
14
16%
112
10
62%
?'■ .17%
15
J9
111%
10%
64%
49%
.
22%
27%
102 . 105Va
2%
1%
111%
9%
60%
38%
106
1%
14y#
HOVB
110%
.
45
105
109
2%
15%
2
119
104
1%
39%
55
20%
108
105%
.
109%
33%
71%
-69
,
13%
86
6%
17%
71%,
106 V 106 Va
106%
23%
27%
65%
47%
108
34%
118%
39V#
21%
49%
31%
29% X32%
Z 108
11%
5%
48%
38
24
65
35*a
105
105%
65%
17%
12%
36%>
122%
122V*
47 Va
47%
108
X195
62%
65%
128
37
40
37.:. ,40.
45%
26%
17
5%
13
131
23%
105% 107
4%
10%
120%
114%
23 ;;
/
6%
12%
132%
67
104
5%
8%
120
20%
105
71V#
15%
66%
35%
104
108
9%
61%
14%
16%
62Va
34%
35%
106%
30 -
,
106%
63% '
6%
9V#
9%;
65%
60%
11%
8%
.
190
107%
107
50%
25
19%
217%
199%
>27%
10%
22% > 27%
107
226
194
30%
52%
20%
63
.
214»a
199%
104.
49
28
19%
101%; 103 Va
68%
6%
6%
220
192
27%
124% 130 V*
124%. 130%
128%122% 129
107% 121
s, 113 .120%
45%
50%
44%
50
34%
38%
36%
40
50%
38
24-
.108
8%
229
196
\
54%
54%\
.
33
198
31%
;
15%
4%
.
11%
-
21%
134
29%
192
106
.
51
114%
104%
103%
86
8%
53
20
116
35%
X181
61
26%
106
27%
108
12%
50V#
54
27%
—
'24
,
21%
122
-
191% :
127% 128%
114
11SV*
188
58%
26%
.
Z
.10
44%
1
54
_
111%/;
15
60
30%
/—
~
6%
58%
26%
31
171% 183
179%
115%
54
103%
47%
114
30%
34%
29
/
126% 128 Va
115
16%
102% 103%
7
113
20
5
17%
6
115%
X114
14%
119%
64%
27/#
126% 128
127
49%
11%
1043/#
12%
116
25
31
191
22%
51% /
24%
103%
105'
102
113%
27%
Xl793i
181% 192%
125% 128
171% 186%
16%
15 Va
17%
100%
172%
56%
—
9%
105%
16
23
158%
126
18%
^
46%
70%
20%
163
14
/;35%': 37V#
29%
22%
21
26
40%
25%
4V<
r
25
19%
*
180 V#
5%
36%
22%
Z
22% /
107
48
104%
Rubber,.,.-^^_25:
see
29
43
44%
111
34%
66
(The)
conv
114
16%
/
-
23%
(
P"~
footnotes
114%
19%
126V# 128%
114% 116
112
44%
;
42%
-$4 preferred.
For
167%
113
29%
116%
4%
22V*
100
Industries
156 %
16
15% >19%
22%
23%
28
114
33%
128%
•
118
103
Z
preferred
cum
100%
150% 159 Va
30%
114%
6%
.
16%
29%
25%
87%
144
32
126%
15% / 14
3%
Corp™^-^;.5
conv
25%
29%
95
113
1403* 146 %
xii2% '114%
27%
116%
';//Zv-
9%
51#
&'Co
Wood
28
24%
83
31%
129
22
—
2%
Florida
4VaS
25%
'
27%
33%
115
ZJ90
51 %
55
v
r,,
14
preferred cum---„,_100
First National Stores,,,.—
•
$3
-
111
//;
126%
19
42%
Fidelity Phenix lns Co" o7n vZIIIIlO
Gar
47%
48 %
22%,
116%
189
Truck,,,;
Gardner-Denver
34%
48
•
127%
189
__
Department Stores,/
Co
58
106 Va
31V'*
32
106 Va
33%
47%
26 V*
115%
176
100
preferred
Gamewell
23%
58
Va
105
27%
126%
.y
__50
Mining & Smelting—;
Federal-Mogul
Inc
53
56
106%
105
127%
49
52%
21%- 23
1
Federai Light &
Traction,,,,—,—15
Co
23% -25/Z
24V4
50%
105
117
v
•
larnsworth Television & Radio
Corp
6%
i'
74
36
.
Gair
26
45 V*
115%
23
1%
—
37%.
61%
65%
36V#
126%
45
Gabriel
;/
/
;•
44 /:
116
52
pfd
56
59%
—
'
33
129
44
conv
34
12 Va
37%
126%
^6%
4%%
34
23 V*
Z73----:
75
45'
157
42%
common
29%
30%
45% /; 41%
11V* £14 /;
22%
23%
23%
43 Va
114%
104% 1063/4
$6
;Z
124
40
34%
169
182%
«
Sugar Co of Puerto Rico
9
29%
124
"
42
46 Va
163
3
New
125
20l%
37%
V's
172%
13%
18V*
1
Corp_,y—,
Exchange Buffet porp,,,
cum
125
liov*
12%/
51%
54
47%
165%
185
100
•.
75%
>;/ 7%
29 Va Z: 27%
-24%
74
171
12%
Franklin Simon 7%
73
9
/
24%
150
/36%
22%
21%
174
-
A
; 5«
143
75%
x7%
•27
106%
-
—
36%
73 V#
f
158%
15%
Machinery
48
18%
44%
9'%
24%
15%
Rights;
Foster-Wheeler
19'/a
42
38
165 %
19%
Food
28%
17%
19
22
21%
14%
Stove
29%
109 V*
54%
156%
14%
13
•
„•
Power Corp
Florsheim Shoe Co (The)
Follansbee Steel Corp
75%
125
125
34%
24%
17%'
Florence
; 120
X39%
164%
.
128%
114%
<
14%
/■
73 %
8%
30 Va
38 Va
44
158%
161
17%
Co
6%
24%
108%
23%
48
•
43
14%
12
11%
$4 cum
72%
25%
:'22%
47
21 Va
•
14%
15%
Flintkote
73 V*
6% -Z 7lA
X70
Z
51%
101%
106%
'
48%
23%
152
145
154
150
150
/
44%
35
107
21
41 Va
.
14%
'> ••
5
Firestone Tire &
106%
38 V*
.
110%
99%
49
24%
110%
38%
/ 38
;Z:
29%
1 113%
3
—
Rights 8m
51%
40%
135
Z
49 Va
109%
102
46
107
46
•
/ 46
19 V*
22%
113
62%
155
*
Co_„.,r
Vacuum vCleaner
4 % </c
107
21%
43
22%
23®'#
35
105
141
114%
,
•
Motor
46%
-yV
18%
16%
108%
45%
72
43%;
24
23%
^s»P™d"cts Co—5
1-ederal
Z
50
36%
18%.
lOVa
22%
38
x51
/
■
20%
109
66Va
20%
1
Ex-Cell-O
Federated
47
20 Va
6%
57 Va
"
42%
106%
19
25
12%
4
series
Referred-,,,
Federal
33%
34%
37%
72
16%
.72
41%
.
106
72
'
5/
Pittsburgh RR__.
Fajardo
29
105 Va
22%
17
.
113
37
24 V*
23%,
49%
Zl3%;
:
36
,43
Z 19
20%
:
45
37%#
33 Vu
42%
20%
39
37%
>
/:;»/•/'.
.2
Service
Morse
42
24%
16%
5%
18%
'41Z;
45 V*
79 V*
5
Co
Fairbanks
35%
25 V*
,
36%
42%
; ; 21%
109
Eureka
17
38
38
24 Vi
3
series
15
109 Va
Va
45
42%
82%
ipn
of America
&
-
113
37
;
26 Va
:
,
—
preferred
50%
39%
35%
75%
$6 preferred
Erie
25
46 V*
38%
24 Va
.
preferred
RR
23%
10% Z'14%
111%
78
TEquitable Office Building
5%
37 V*
20
,
35%
--
25 V*/
preferred
Erie
111
28%
21
,
105%
18%
7%
23
25%
25
/;.
:
68'A
Emerson;Electric Mfg Co,,J
4','
Emerson Radio &
Phonograph,5
Endicott-Johnson
_,__„w„„50
$5.50
25 V#
•
23%
Electric Storage
Battery,
$5
19%
16%
26%
100
Public
19% •
17%
17%
4874
110% 111
110% 112
111%
35% :. 42 // Z/4l'Z- /48-Z;
42
25/:
18%
71 %
/
Cum preferred 4%
105%
30*A
19
a
138
•
69
70 Va
6%
16%
19%
-
106
68
•
L—
GaS
131
137
21
15%
23%
5
preferred
Engineers
16%
48%
preferred-100
*
Natural
#Z13%
19%
$7; preferred,,/--
Paso
106%
26
52%
'
: 47Va
Elec & Musical Ind Amer
shares
Electric Power &
Light.,,„•
El
123%
26%
21%
20
(The)
$6
13%
5034
/39%Z42% Z39%
,
119%
'
17%
341
,
29%
i3
48%
—10
Elastic Stop Nut Corp
Electric Auto Lite
Boat
25%
49
Steel
Co
118%
;/46%
124
49%
118
30%
w
preferred
Electric
25% :x29zz
2t
1
Manufacturing Co,
Bros Stores Inc
Products
13%
lis
11%-
125%
preferred
;
7%
24
33%
15%
123
-
19 %
100
& Co_,
first
110
:20%
150
51
40%
107%
X34%
67%
71%
,
5%
19%
48
.
4 V4 %
65
6
20%
23 %
Eastman Kodak Co——
6%
preferred^—
Edison
122 V
66%
19
■
130
140
48%
Airlines
;
Z 5%
'4? «%;
1
■:
40%
-
ig
„_____•
Eagle-Picher Co
Eaton
63%
6
20%
134
18
$4.50 preferred-,,,
Stainless
66
139
47%
,„50o
/
Eastern
13%
130%
105
105%
33
16%
48 V#
43%
•
Duplan Corp
Eastern
37
12%-
-
10%
38%
.
16%
*
—i,,—
Du Pont de Nem
107:
34
59%
5%
105
107.
135
19
:
13%
42
34%
35%
34
35 V#
38
122%
>
19%
21%
120 U 120
46%
,,
—22%
Co
Conv pfd 3% % series
Dunhill International Inc
_
03
33
•
—
Chemical Co
New ~ common
130
59%
107
7%
37%
Z
31
34%
11%
1
42%
23 % Z
;
X150
34
12%
68
40%
Z''
-
,122%
Cum pfd series A $4
dividend—110%
Dresser Industries
__l ' •
54V#
■
105%
36
9
22%
67
106 V*
28%
18%
5
4,
Aircraft
108%
29:/
26'A
21%
112
108 %
104
106
96%
'26%
30%
'
107
46%
48%
43 Ve
28%
Va
107
103 V*
107
34%
33%
48V#
22
40 V2
2
Poeliler-Jarvis Corp
Douglas
106
29%
11%
36%
39% ,,i:'y44:ZZ
68
35
„
;
Mines
108%
>30%
37
33%
.Z 29%
High
$ per Share
28
26
26%
102%
December
Low
High;
Share
y per
,
-£
>
-
■
Co—
Z 25
25%
103%
103
X31
Z;
—
20
100
21%
102 Va
Low
High
100
16%
10%
Cup
Dome
31
38
8%
,V
A.,
32%
29%'
-
42%
41%
Corp-Seagrams .Ltd.":
/ir.,*t./ 38
preferred,^,—105
Class
28%
33
37%
10%
Distillers
5'/c
Dixie
32%
34 %
40%
12 50
Car
145%
110%
8%
Z*
Motor
145%
36%
44
34%
;
23%
104%
18% X22%
147
147
112Va
_100
participating preferred—„,/,25
T
111
22%
diamond. ■
6^
19%
36%
_—
Diamond
xl7%
23%
:
21%
103%
'
49'A
V#
96
v.
18%
110
23 Zf
A
104
27%
•
•
35%
(The).10
common
Rights
■
class
145%
25
34%
—
Raynolds
145%
24
43%
Detroit Hillsdale & S W RR
Devoe
24
Western__50
&
Edison
17%
:
13
.//
40%
.
nJSi ^eferrod----r——-20
Deisel-Wemmer-Gilbert
Delaware
29%
14%
33
Corp
Hudson—£—
29%
16
'
5% V- 6%
123%
_
16%
110
.
;25%z'
22
Low
$ per Share
$ per Share
$ per Share '
November
October
September
High
Low
Low
High
103
99%
26%
19
122%
20%#
26%
23%
/
^1.''
"
Davison Chemical Co
(The)_.
1
Dayton Power & Light 4%% pfd—100
Decca
Records
Inc—
1
Deere & Co——
—_•
25 V#
104 V*
/.'July/./;:/ Z August
High
'Low
High
$ per Share
June
44
96
29%
16 V
29
/
13%
14
23%
101%
25%
;
6%
Z
-,
12 Va
--„„„5
'
467/8
9
'
62
5%
19
/
132 Va
121
27 V«
'•//
common
11 Va
6%
20%
26%
5
95
40%
30
'
29
60%
—
Inc
28
126%
5%
47%
107
61%
100
Davega Stores Corp—:
New
22%
102%
104%
27%
32%
10Va
135
18%
..
/-••
40 Va
29 V*
30%
11%
5914
1
Class A
:
Z
9%
130
Prior
Cutler-Hammer
23
103%
H/
£
28
«
27%
^
32%
"106%
preferred—x—
1%
21%
.
Z;
;
116
45%
.
28%
__
30
100
40
91
98 Va
30
26%
19% / 17%
18% *
145%
145Va 145%
:r
5
preferred
Cushman s Sons Inc
105
Low
S per Share
May
High
107
30%
17%
145%
__,i____loo
Cunningham Drug Stores Inc
Curtis Publishing
Co (The),.:
$7
24
103%
105
.94%
26 %
100
preferred
Inc—...
Press
42%
100
Cuduhy Packing Co—
4%%
Z 20%
Low
$ per Share
l.///'//#
35%
.
ZZ/ZZIO.
preferred,-.—
Cuneo
■
April
Low
High
$ per Share
High
$ per Share
22%
103%
.i':.
5% conv preferred,l,„100
^
Cuba RR 6%
21%
Low
V
1
#
-
.
Crucible Steel of America,,,,,,,,,
■
High.
;
::
preferred—,^
March
28%
86
.
14 Va
58
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4460
NEW YORK STOCK RECORD
STOCKS
Low
Low
High
23
convertible
;
61
General American Transport Corp
5
General Bronze Corp
General Cable Corp.-
'
8%
*
...
m 6%
7' -Class: V
Electric
General
Foods
Gas
24%
26%
64 %
59 V4
64
15%i
15
6
7%
23%
••
•
19%
118
16%
108%
107%; 107% >',107%
51 Va
164
170
,
175%
20
22
6
43%
39%
43%
40%
40 Va
42%
40%
42%
_4
"3%
"4%
108 J/4
*
A—
9%
$6
134%
4
3%
4
143
V
:';'L
16 Va
Motors
General Outdoor
Adv 7 AL;
55%
62
10%
19%
23%
18%
181Va
'21
12%
■9
29%
,167
137
29
10%
9
125%
General
6%
Railway Signal
60
31
167
44%
48%
12
11%
47%
46%
49%
45%
49 la
45%
48%
46 Va
49%
45%
45%
48
47%
51
49
56
49
53
4%
4 Va
155
if 3%f
3%
4%
4 Va
-
•
4%
140
140
140
140
142
145
148
123%
119%
123%
123
127
128 a
139
134
129
131
129%
131%; ;129%
-
145
150
127
,
162
vl5£%
126%
150
52%
153
5%-^>:
153
51%
46
129%
11 Va
106%
107%
106'A
283a
32
123%
127
3%
2%
V
'
123
74%
70%
75%
128%
127 V
128%
18%
20%
19%
20%
19%
22%
29
32;»
30%
33
32
15%
15
16%
15%
17%
110%
110%
109
109%
2%
3%
34%
37%
137
137%
4%
6%
36%
126 Va
3%
4 Va
35%
27
29%
26%
26
28%,
26 Va
28%'
106%
105
■
28
27% ■: 27
29%
29%
106
-
112
32%
,
31
33%
30%
31
4VaV preferred ■—*——————100
105
106%
109
15
17%
—*
92
95
92
————_•
21
23%
23
104%
35
-34%
108% >
108%
110
107%
107%
107
107
109
7 15
16 %
17%
98 Va
99
25
24Va
28%.
16%
19 Va
28
22%
187/a
100
98%
-
100
33%
103%
104%
:t
39
36%
38%
35%
56
56%
55%
6
6%
6%
157 Va
10
155
157%
36
*
74
36
Va
68%
102%
113 V4
110%
115
32%
30%
Motors*—
19 Va
74
'
•.
105
•
62
111
•
113
34 iV
>
7%
39 >
9%
11%
7
7%
30%
33
30Va
33-!i
18'/a
City
21%
18%
21%
30%
33%
.
25%
v—^
> 27%
28 Va ,> 32%
29%
32%
5 ft
Northern
Great
105%
Iron
Ore
Prop
1ft
Green
Bay
Green
<H L)
8%
17
55
60%
59
65%-
31 Va
33%
32%
39%
166%
172%
170
? 65
ti
i?:s
,
19
20 %
169
-71
57%
62%
31%
.
173
39
170
/ 72
'•
173%
71%
71%
75
> >
86
74
68
;! 25%
28%
28 Va
30%
106%
107%
107%
107%
.37%
42%
41%
46%
45
55%
6%
26%
8%
8%
11
10%
12Va
67
;
106%.
76
'
;>.x35
30
226%
—.
-
:
'
3814
Sugar——
preferred—l«
19
70
RR Co„
CO----—
Greyhound Corj)
(The.)——.
4% ft preferred L--—:
111*.
Grumman Aircraft Eng Corpu.
Guantanamo
> 107%
16 Va
21%
107
109%
32%
<fc Western
■■
,■108
56%
preferred
■
105% 107
.17%
6ft pfd
Great Western fiugari—
>
39%
59 ■>
10%
f/5%
7%
102
35
Great Northern By
;.'v;
67
73
62%
.
55%
156 Va
>35%
104%
•
58
39
150
40
ioa%
preferred
3%% preferred
-
63%
102%
7%
63%
New common
■
26V4
55 Vi
'■
—L—100
Steel—.
(W T) .Co-.*—,,**
Grant
111%
101%
■
Hosiery———,-—-4^4.,——l*
Granite
46
109
105%
42%
Granby Cons M S & P Co Ltd_...
Grand Union Co (The),
,
'41
109
*
Graham-Paige
38%
107
25%
22 Va
104% >104 Va
50%
45
102%
40Va
preferred__--_L-^-.——ii—-*
Gotham
41%
33%
107
42%
21%
104
33%
*
.4
31-
103 V'4
100%
105%
15%
93%
Va
.—50
:
34
133%
-
38%
107
104 >
(B P) Co_—
124
,
44%
38%
34%
Goebel Brewing Co——I
$5
115, ■:". 122
32%
32
*8%
26%
105%
;
Goodyear Tire & Rubber—.
$5 convertible preferred
;
~7%
V
29%
36'A
$4.50 preferred—
Inc
8
30%
rV' •>■'•
w——*
$6 preferred
33%
46 Va
31%
■■"
27%
107 Va
,
7%
•
106% 109
,100
,
107
29-
•
38'/a
32%.
107
■;■
5%
39 Va
140
6%
V.
124
33
32%
107
7%
112
7
41%
37%
138
29%
5%
109
4%
39%
140
137%
24%
32%
Goodrich
107
25
109
77%
21
29%
5%
101% 109%
71%
126% 129
14%
2%
2%
30%
71
126%
X27%
■
108
123
133%
120
24'A
Goodall-Sanford
49
131
120%
25%
Stock Telegraph
46%
50%
133
60%
110%
<fc
47
129%
115%
4%
preferred
5%
115%
19 V*
convertible
5%
129%
22%
(The)
;V
160%
48 'A
:•
5 Va
-
5%
128%
19%
Bros
5
157
160%
22%
.convertible preferred-.—
171
168%
1A
60%
29
Gold
170
161
4%
152
'
127%
110
Glidden Co
,33
>
35
161
36
32%
4%
45%
132-
29 Va
Gimbel
::
131-
28
10 'A
'
„
35%
167%
107 V*
$5
32
>
43%
32%
19
7 "■ Rights'.———l
Gillette Safety Razor
.
142%
162 V:
13
23%
Pft 1%>
preferred
38
33%
137
>41%
43
26
cum
15
13%
14%
38%
145
45%
41%
44
Co———5
4ft ft
27%
: 44%
•
42%
48
*30%
21
Rubber
23 Va
32
141%
-LL..*
<te
25
4'/a
172
44%
41%
27%
•,
10%
_•
General Telephone Corp—-—..
20
General Time Instruments Corp-—*
4%',
preferred
100
Tire
14%
185%
31%
171%
75
24%
General Steel Castings $6 pfd—,
General
61%
12%
11 Va
37 V*
145%
Corp_—————1
Refractories—
General Shoe
58%
183%
12%
22 V4
-
13 Va
11%
61%
183
11%
181
24
137
128
9%
10
—10c
General Realty & Utll Corp
General
24%
109%
58%
11%'
183
31%
142
68'/a
54%
55%
*
—100
10c
-
80 Va
17%
*
37%
131
125%
22%
*
.
preferred-.
12%
30
131%
68
128
129%
53
—•
General Public Service-——
22
10%
31
27
32%
130
32%:
i;
11%
(■:M •-r:
37
139
,120
21%
"
preferred-.
60
10%
183%
10
129
63%
65
127%
General Precision Equip Corp
•
General Printing Ink——-L-1
$4,60 series A
79
109
58
58%
10
26 Va
1291/4
172
56
50%
183
9%
55
10
—-l——„—*„«.:
Common
36
80
22%
114%
—
.
108%
10
'>■,
41%
>
107%
J
183
129%
————•
—
107%
:
35
69%
19%
,
40%
19%
70
17%
,
High
$ per Share
Xl07%
63%
18
100
Corp—L————
preferred-
33
i
16%
-.-Li-
General
65
i
December
Low
High
$ per Share
33
9 %
TVa ■>■:: 7%
28% : V 27%
30
55 Va
50
107
105%
43'A
-—.—
59
••
28
29%
181 Va
140
.—100
l~
preferred-—.
conv
Rights
-
107%
61
14%
.
common
preferred—.:.—
3% ft
$5
107.Va
59
26%
183%
120
142%
140
Mills-———
New
5%
•
16 %
27%
November
Low
High
$ per Share
108%
3%
preferred series A—
cum
60'/a
13%
24%
Low
High
180 Va
21%
'
General
59 V«
>
Low
$ per Share
180%
X174
134
168
43%
42%
%
28%
167%-
38%
40
162 V2
28'A
56%
9%
■V,.
'
22%
125%
29%
42
52%
>
10
173 Va
7%
40%
55'A
:9 %
25 Va
37%
158%
24%
October
September
$ per Share
'
X128
28%
29%
164
97/»
156%
160
August
High
Low
High
$ per Share
29
14V8
19% :, 22
123%
27%
55
a
*
4—*.
class
30%
61 %
■
14%
>'.• 174
171
22%
117
29%
July
Low
High
$ per Share
27%
•
106%
9%
10%
xl72%
-19%
.
$ per Share
63
.
June
Low
..High
108%
9
123%
28%
129%
•>:
40%
-
Electric
&
7%
■.
20%
115
31.-
100
Co—Lll--——.
Corp—
preferred
7, 6%
22%
28
preierred——
General
General
12%
h 18%
11* 6
22%
114% 123
,*—100
General Cigar Inc—
$4.50
59
14%
,
172
18 %
7%
19
preferred*—'——
7%
60'/a
170
9%
160%
19
17%
54%
*9
9%
160% 161%:
,-5
,—:■—
•>49,--:
52%
49
:/
-
-
24%
104%
106% 106%
51 Va
52
•>■■■55%:
100
General Baking Co
—
5
$5 preferred- —ll.;.—-,—l——-*"■
7%
28%
108
Low
'
-
May
<
High
$ per Share V
58
.$6 preferred
—ll————.
Low
23%
General American Investors—l
$4.50 preferred
April
:
$ per Share
:■;
28%
26
V
High
Low
■
12%
—50
preferred
26
58
■
5%%
High
$ per Share
$ per Share.
Gaylord Container Corp^*-—5
March
February
January
'
8 ft,
preferred ctfs.;
%
$S conv preferred-.-Gulf -Mobile. & Ghta RR—
$5 preferred---.
;:Oulf Oil Corp
1.94
—
—
„L———
,
Water—!
Hackensack
Preferred
Hall ,PrUitlng----a-^—
37%
Hamilton
x
24%
Watch--i.i-^._^—i-U-.
preferred——;——
Aft- conv preferred—-—
Hanna (M A) $4.25 preferred—.
.
'
7
;
113% 121.
105
106%
25
29%
40
43%
Refrac——.—
Walker
Harbison
r
43%
27%'
'
>6%
-
6% preferred—_i.
Hart, Shaffner & Marx
•i
:
Hat Corp of America
'<
'
4Va%
class A
(modified). —,.100
preferred
Hayes Industries Inc—
i
-*-■—
Hayes Mfg Corp—l-——-
—
•;
1,
Hecht
;
Hercules
:
.
170
6'/a-
Motors—
;
-
82
Hindc
<fc
Co
The————
(C E)
&
(A)
Hollander
49'A
,45%
17'A
18V4
18%
25 Va
116%
117
i
117
90
-
183%
184
184
38%
37
115%
333
137
135
preferred
33%
29%.
32%
-
45% '49
55% ; 63%
58
19
24%
26%
24
29
29 L
35
30
*26
;
i
_■*
^
51%
55%
52%
57%
46%
V'46%
48
45
46%
45%
45%
45
45 A
20%
22%
19%
21%
21%
25
21 Va
55 Va
56%
26% i
25%
27%
25%
26%
26%
27'/a
VT
49%
60%
;7>:50>>7.
57
-
-—100
-——100
103%
663a
70%
14 Va
13
L—1—5
34%
40
74
69%
12%
39%
Howe
Sound Co———
Hudson
5ft
v
Manhattan
&
RR——-100
2
2%
,
2%
7
'
2%
7 3"Va
2%
'3
-
14% >i
32 V2
77 28 'A
32%
187«
17%
19%
% 17'A
21%
4%
•5%
——r—»,*
14'A
Corp—i.————1'
3%
5%,
Idaho Power Co
—20
——100
29%
31%
32
f
34'A
19 Va
24%
20%
47%
56%
72JA
77
18%
24
10
29%
Non-cum conv
r
vLeased
RR
line
sec
For
4%—_——M
stock
ctfs
footnotes see
series
page
—100
A—1000
631.
:V:
CO
7%
38%
10%
RR Co_.
6ft series A pfd—100
4!4
364%
43%
29
Central
42%
37'A
Hupp Motor Car
Illinois
7; 39%
43%
12%
■
12%
108%
J.5%
29 %
Car—
78%
17%
15%
10
Motor
78
15%
72
18%
27
Hudson
05%
75%
17%
74%
14%
preferred————100
Bay
109
x79%
39% ' 43%
%
7t Va
17%
Mining & Smelt Ltd——*
non-cum
Hudson
25
25%
27Va
27%
.•
,
t c——25
Texas
na
.Cf
14.
r
12 %
17%
31%
20
s;
7
:
30%
55 'A
60%
56Va
19%:
27
23
31%
v
81%
A
23%
37%
34%
37
32%
'
79 V4
27
30%
33
37%
35%
42%
H3
64
83%
-
31
'
87
~
34
V
.68%
86
33%
102
108
.
34%
34%
31%
36%
39
29%
35
65-
45
45
-
32 Va
32%
36%
38%
:
82
5
-5
6%
25%
5%
,
107
76%
14%
85
*15%
>40%
14 \ -17%
28 %
26%
2814
.& 23%
29%
34
f 28%
32%
4%:"> 5%': >• 4% ?" 5%.
25%
v,/7 •,f, 79
;. 16
26%
4%
25 Va
79
4%
x29%
34%
72%
2%:
29 %
31
■
>••
107
10%
,
5
75
6% '
.
16
16
6
6
15
16%
15
16%
29 34
27%
29%
31%
27%
27% 31%
6%
5V»;
P>5% > 6%
35
■57 >
v.
51%
26%
-.
56
__
63^>'i''
L 25%
59 "'-'"' 61
4K
'
.*•
2¥%™v2?%
^• .vr|4:.aa"tw«..
.
107nVtKl07%
102Va 106%
105% 107nVti;107% 109 ,,
87%
83%-^87%^
80
84
83%
87% • -83%
-22%^
>19%
15%
19%
19%
22%f* 19% SL23%
44
49%5 v 47
" 5*4
42%
45%-.
44 ■- 49%t^47
8 *C> 6Va
6Va
-5%
-7%.
6%: & 8^.6% ;n:8%
18
a21
17%
-16-19%-;i -17% >20%
20%
18
35 "a
34%
29%
'28%
32%29%
35% ' 34% ''136%
28 Va
30%
28% "32%
27%, 32
,
28% 30%
28%
5%,
7
9%
' 5%,' 6%
5% i7%
7%
7
.
,
.
35%
38%'
36%
40
32
-37%
35%
38%
36%
41%
40Va
44'
-61
-69%
65%,-69%.
69
75
75
84
90
91%
89%
92
34%
38-
>36%>;>.37-%';
*
„
,64
-70
55%
91,
89
91
81%
88
81%
84
§5
% 91 Va
38
31%
37
28
31%
30%
32
32
33%
74-
25 Va
>
23%^ 22
-V.;
1——
x61%
•
-
26
Houstori Li<rht & Power Co—„——*
Oil of
32
31V4
$2.25 preferred—
L--—50
Finance Cory:.—.—
*:
Houston
138
28%
23 Va
53
88% >
:i;
134%
30%
45
49
'
:
115%
138
.■
85%
->-33 %
33
•29%
Household-
New'crmmon, —f
5% preferred—-A
109%
>
130%
39%
135
■:
90
21%
*
—Li—-i. ——'*
103 34
18
49
.
35
31%
103
88
27%
,33%
31
'7723%; .24%
29
116%
16%
14
127%
>
29% >30%
30%
19%
25'/a
Mining—__—————12.50
—
25%
21%
Houdaille-Hershey class A—
Common
73OV4 -32;
—_*
———^100
l—
preferred:—:
Homestake
24%
45%
1
3OV4
26 Va
Son————_5
Holly Sugar Corp
7ft
29 Va
Furnace Co .{Del)——10
Holland
-
29%
24
32%
36%
«
131
Corp
L————-l—5
Dauch Paper Co—V
10
;;
10%
103
112
137 %
; 85 %
74
123%
Rubber
Hewitt
Hires
115%
132
Va
104%
92%
181
.34%
85%
,.
l5-»
120
134%
88%
-
,
33%
184
' 172
after Nov 15——100 V 130%
pfd 5%
28
>
15%
>
»■: 102
88 %.:.,.
22% ■725%
Hcrshey
Chocolate—
:f. 73
$4 convertible preferred———i—123
121
101
V
15%
9%
-
-29%.
22
74%
13 Va
-
.
-
102
——25
Hercules Powder
-
.11%
——————
W)———l,
1ft non-cum preferred—
.••••'
120%-.
20%
preferred
(G
>14%.
73%
Co.:
3%A
Holme
10%
9%
109
101
99
6% >; 7%
' 114
:>
—2
—
101%
X:>"
r*. ;
Hazel-Atlas Glass Co-'„—
,
14
;_;H%
■_.
.
32
-35
38%
'
40 Va
THE COMMERCIAL & FINANCIAL CHRONICLE
Thursday, January 31,1943
NEW YORK STOCK RECORD
Low
STOCKS
Low
High
Industrial
&
•
104%
6 Te
preferred-.;
Inland
Steel
11%
Corpdi—d————
preferred
——100
4l/t%
37%
40
106
—
Runner————-*
8%
*
Business Machines——•
Harvester
*
International
International
188
74%
81
2%
Nickel
International
International
share
Domestic
34%
30%
136%
87% -/ 94
89%
184
42%
43%
39%
.
19%
22 %
6%.
/•'•; 6 4
31%
36%
130
94%
45%
44%
39%
24
96
(F L)
Jewel
Co—_—
—•
—
34%
40%
36%
37%
111
112
112
109%
109
—
.
12.50
—
-
46%
109% 110%
U0
—
,//-
112
203/a
103%
preferred series* A~
—d-^100
preferred ser B convertible....100
80
84%
82%
91%
98%.
92%
110
—
dy
■
111%
92
92
96
31%
28%
32%
29%
85%
,81
87 '
;
84%
79
96%
37%
'& Furn Co
21
—10
10
20
22%
22%
28
117
U7Va
117 V*
120
—*
Southerq Ry—d—*
-.100
perferred.—--——100
13
1
:_1
27%
Copper
-ddSdidd-f;5
——*
Keystone Steel & Wire-—d-d*
—* '
Kimberly-Clark Corp
*
dd
■Kinney (G • R)——
—-'-1 • :
dd- "
$5 prior preferred—————*
di-10
Koppers Co Inc—d———10;-
; Kress
(S
&
Hi
Co
85%
*
37%
40%
d
:
Laclede
New
Gas
140
146%
Lambert Co
110%
j
——*
•~~r*
——
Lehigh Portland Cement
Lehn
Fink
&
Lerner
Libby
Life
McNeill
Savers
New
,
Glass-
89%
42%
109%
28%
25%
15%
27
27
26
44
■
7%
129
38
95%
38%
94
33%
98
103%
39%
97
103
'
44
Z 44
113
—
54%
15%
31
30%
125
Louisville
New
&
3
2%
2%
MacAndrews
6%
&
Truck
Macy
(R
4% %
H)
Inc__
Madison
Mahoning
Coal
Manhattan
Maracaibo
RR
Marine Midland Corp—
4% %
Martin
Martin
preferred
(Glenn
82%
192%
33%
52%
50%
58%
50%
59%
53
47
24%
Works
Alkali
preferred—
Department
New
common
For
45%
46
41%
44
40%
42%
41
44%
44
50%
5%
5%
5%
5%
--
—
-
}
47%
51
90%
21
34%
—
—
51
60
20%
16%
19%
46%
43%
48%
23
20%
-
171
23%
170
26
173
27%
25%
110
112
117%
20%
172%
25%
—
23%
8V2
52%
91%
—
—
.
'
52
—
28%
147
31
31
148
91
*
24%
28
58%
25%
21 %
26'A
27%
31%
35%
45
47%
28%
28%'
—
—
16%
17
19%
22%
T%
10%
49 V2
55%
31%
:
108%
:
50Va
34%
107%
16%
19
67%
52%
32
152
56
33%
59
i
34
36%
108
18%
17%
18%
21%
17
~9%
10%
*6 \
10%
8
8%
,14Va
15%
14%
15%
14
143/4
26%
24%
26%
4%
3%
4%
X20
14
14 Va
—5
24
25%
3% / 4%
7%
,25
3%
26 V8
4%
13%
67%
33
33%
100
95%
101%
184
193
'95
98
95
110
52
57
23%
28
34
38%
37
31
33%
31%
27%
31%
62
30%
66%
63
21
23%
21%
52%
74
19% /; 18'A
425
/ 24
66%
23%
48 3%
48%
55%
27 Va
27%
48
26V4
26'A
26%
30
171
171
176
173% 180%
25% 26% / 25%' 26%
26%
25%
4
•
',•• 7% z
16%
8%
18%
17%
18%
16%
18 Va
15 Va
18%
19%
19 V#
21
19%
21%
20%
7%
8%
8%
7%
8Va"
VZ
17
73/4
15%
21%
26
22%
24
27%
23%
25%""
23%
163/4
8 Va
18
i
/
25 Va
/;•'
/ 7%
8%
'16Va
18%
24 Va
26
27 Va
24%
12
ll7/a
163/a
14%
243/4
40%
44%
42%
44%
40
;■
46%
41%
46%
45 V4
47 Va
..43V4
30%
30 V*
32%
29%
32 Va
29%
31%
29%
31% /: 29%
263/8,
25 Va
10%
12%
10%
12%
9%
.12
10
23%
180
181Z;
184
V-
185
63%
70
/
69
"76
24
188
67
24%
24 V*
27%
26%
/
26%
24 V2
190
70%
37%
194
8%
10
'■ V
35
38
43/8 7' 5%
8
163/4
23%
109%
8%
29 Z
8%
7%
18%
Z-
15%
25%
110
•
,
32%
64
62
25% / 32%
73%
29
68%
X32%
173
190
28
31,
9
283%
29 Va
28 V4
33%
26%
194
23%
25%;
22%
193
353A
loo
24 3/8
193
393/4
lUbVa
10%
18 3/8
23 V8
z 23%
29
31%
31%
ZH.5;'Z
9%
4% Z 5%
8%
16
293/4
llO'/a
28 3/a
27%
9%
9%
16%
32%
29%
20%
18%
44 s/4
49%
47%
54%
33%
35%
33
34%
26 %
Z 25%
24
39%
104 Va
187
43
106
186
,
•
21
30%
188
23%
26%
499 Z
15% Z 13%
31%
22
,
173/s
111
^9
30
495
10%
34%
6%
11%
34
:•
3.1%: 38%
111 z 111
29%
443A
6
10
18 3/a z
Z
12
1093/4
28%
25%
525
■
45%
108%
34
17%
4%
187
49%
22
18%
-
66% Z. 59%
110%
30%
;
S
26%
27%
20%
50O
10%
109 Va
30 Va
36
X470
Z 30%
1.
63
'
25%
28
45 %
lOV
58
35%
154%
41%
46
109 / 1093/4
243/4
313/b
15%/17%
22%
34%
60%
109
17%
'
20
29%
22
:
-
17
109%
41%
::
;■
68
4
'
32%
183
31.
,
74
29%
-183
26%
'66%
63
413%
16%
37%
66Va
25%
:
17%
24%
44%
42%
67
109%
22%
36%
16%
109
-
28%
:
8%
28%
104-/4
32%
36%
8%
17%
41%
37%
39%
36%
153%
460-
5Va
25%
lu/%
60
32%
35%
36%
62%
Z;'.19Z/Z'21%;
16%
26%
4%
'
/ 17%
35%
57
17%
343/4
21%
9%
46%.
lU7Ja
68
62%
153%
38
233/4
15 Va
73%
35
195
84%
68%
36%
*53%
27%
16
34%
58%
455
28%
5
27%
'
440
450
27%
■
60
57%
1543/4
108
>19%
29%
.-
4
30 Va
.
V"l8
450
109% 110%
27
19%
16
28
/,
18 Va
16%
•
59
108 3/4
18
10%
100
21%
435
46 %
.
59%
-
17%
33%
38
34%
18%
9V4
43/4
::
/ 513/4
-17%
14%
283/4
3%
23 3/4
/,
48
198
59%
1543/4
33%
154;
106%
16
26%
.
563A
10
-Z
31%
363/4
55%
15%
58
17%
154
109 -f. 109
20%
-
:
*
.
**7%
14
19
7
?/ 51
97%
196
40
32%
96%
91
197
56
.32%
323/a
27%
33 Va
154%
34%
,
36%
91 %
99%
192
40%
263A
26%
53
66
11%
65
__
175%
59%
32 /;
153
X58
108 %
19% ;/ 17 Va
18
pfd—100
•
152
/ 54
/; 34%
109%
:
33%
152
60%
12%
70%
—
55%
60
33
155
:
56 Va
34%
110
17%
56%
54%
11%
57%
V 61
19%
197/a
13%
-54%
31%
109
Z,
52%
%
65
40
62»/i
24
68
5%
60
11%
39
27%
171
60%
13%
4
72
53%
25%
42%
50%
35
35
33
33
■
67%
47
52%
23%'
23%
49%
f 20%:
20%
22
3%
94%
X57%
x57%
34
30%
3
57
39%
.53
53
49%
26%d/25%- 25%'/25%
d
'39
54%
-
23%
25 '
23% '24%
169 / 182% ,176
183 :
25%
;
12%
9%
97%
98 3A
98%
I88.V4
188%
96
10%
65
10
56%
'94%
94%
V
19%
„
67%
9%
9Va
54%
.54%
184
184
56
3%
63%
•
,
/; 17% " 19% /' 17% ' 20%
47%/50
.
27 %
33
39%
24
26%
57%
54%
.
51
25%
29%
29
63%
26
97%
44%
:
49
26%
190
34%
49%
22%
4%
;49%
25%
96%
93%
32
3%
25%
9%
182
47
,
12%
20%
,57%
93%
94%
43
30
26
25'
—
—,
32%
152
149
62%
90%
13%
27%
8%
94%
44
'11%
50%
52%
—
31%
148% 148%
51
31V4
32%
106%xl081A
33
57%
-
—.
23%
nao-o
90%
14%
39%
„
:
176%
—
9%
54
15%
41%
14
38%.
23%
63%
65%
' 26%'
d
41%
45%
18%
39%
' 22
——
176%
56
38%
23%
55%
29%
172
26%
40%
63%
69%
17%
46%
59%
.21%
23
176
64
43
20%
9%
,
71%
23
18%
55»/2
18%
52
43%
55%
33%
,
it
512
21
23%
50'A
62%
72
14
46%
23%
21%
45% '47%
47
39%
60%
62
46%
23%
31%
65%:60%
Xl7% ' 20%
.
34
2%
42%
3
46
43%
21%
28%
■
55
48%
37
39
13%
22%
33%
26
—
~
50%
*39%
43%
3
61%
23%
47%
II
39%
79%
157/a
103
47
24
24%
77%
43%
29%
57%
'■
13%
40
55%
79%
—
3%
46%
50%
76%
42
19%
2%
40
59
80%
42
23%
3%
50%
54
74%
17%
48%
48%
14%
37%
57JA
51
79%
17
43%
45%
Sfi
;-W'r£l'r
8%
2%
37%
24%
31
X49%
S4Vo
27%- 3ft
d
15%
192%
21%
54
168
38
—
11%
35
23%
20%
20
31%
—
d
189
20
17%
168
33%
31%
88%
109
35%
16%
62
56
12%
17%
191
18%
.
14
39
.
27%
55%
195
'
24%
12%
34%
x31
26
51
-26-
35%
23%
40%
•
91%
111
67
96%
40%
110%
34%
*6%
40%
36%
52
d
88
109
"5%
34%
55%
15%
36%
40%
22%
109
35%
34%
53%
52%
13%
.55%
■
8%
195
32%
d,d
2%
91
20%
..
107
~6
5%
d«d
51 Va
20%
19
18%
--
52%
45
23%
30%
45%
23%
24%
103% 111
34%
55%
33%
51'
23%
109
51
34%
64%
.
'dd
w'd
44%
:
8%
89
34%
.
M
14%
51
23%
50%
6%
—
-
2%
191
107%
16%
13%
33 %
X83
35%
58%
15%
166
5%
•
52
8%
107%
4tls/f
32%
,
'■
6%
—
14%
49%
107
dddd-;:':
__
—
„
53 %
195%
32%
100
10
5
:
dd-- ——<—
fnntrint'1*
74
46
21
; 30%
(The)—.——*
Stores
$3.75 preferred
.19%
52
47%
—1
Co.
41#
x59
90
41%
—50
50
—*
—*
Corp.
Electric
Mathieson
1%
—
50
-1
Co—
Parry Corp
Masonite
Master
May
L)
87%
31 %. 34%
——1
—-——5
—d-
.
42%
—50
—
Market Street Ry Co 6% prior
Marshall Field & Co
40
19
38%
20
1
Exploration
39%
57%
192%
——*
———
Shirt Co
Oil
.36%
65
32
44%
—*
Co——
40%
19%
81
189%
21%
-100
Co—
Bros
35%
18%
86.
189%
37%
44%
22%
38%
80
37%
42%
21%
34%
186
32%
42%
23%
35
32%
39
48%
9Va
50%
81%
31%
44%
43%
23'/e
185
32%
41%
41%
83%
90
15%
40%
21%
87%
16 %
95
30
32%
42%
81%
19
90
30
17%
44
85
14%
93
82
28
34%
2%
19
81%
15%
82%
13%
80%
11%
33
36
131% 142
10%
15%
64%
81~%
12
84%
11%
28
12%
2%
8%
65%
12
38%
48
35
57
29%
42%
9%
30%
56
53%
13%
10%
44%
497/a
50%
32
52%
29%
49%
11%
83%
28
2%
39%
•
44%
28%
,42%
27%
49%
42%
10%
:
17%
45%
37%
38%
32%
29%
52
36%
56%
35%
31
30%
25%
_
10%
4%
12
19%
31
27%
32
29%
29%
27
,27
.
27%
—
140
59%
31%
28%
30 'A
30%
27 VA
27%
..
10%
—
54%
14%
17%
54%
28% ,31%
31%
46
109
—.
55%
8%
47%
38
45%
28%
—
19%
31%
46%
26%
56
58%
31%
37%
.10%
29
—
17%
28%
40%
10%
109%
•
50%
52%
46
Garden—d——*
Copper——id
10
Manati Sugar
Mandel
2%
27%
aa
38
10-
—
53
32%
Square
Magma
7%
25%
108
27%
55%
22
19%
Inc———
Co
10%
67
25
41
107/«
—
21%
41%
——10
preferred series "A"
49%
60
25%
27
,
25%
59
25%
35%
30%
26%
56
28%
38
21%
'
89
28%
107%
44%
21%
18%
9
14%
81%
-
22%
59
28%
__
121
25%
25%
109%
2%
37%
52
46%
11%
32%
48%
45%
8%
45%
15%
33%
42%
50%
27
48%
-
35
37%
8%
27
9
39
29%
—
—
8
J36
33%
36%
29%
preferred—100
Mack
-
Forbes—
39%
40
34%
48%
40%
-10
d-10
—
44%
„
26
22%
■
122
22%
56
28
—
33%
54%
120
t,
108
5%
d,
4%
40%
:
—*
—50
d-50
————
Lukens Steel Co
31%
9
—
47%
*
—10
—10
—
90
29%
28%
—
34 '
9%
78
series A..*
A—*
Nashville RR;
common
7%
33
*
———100
-100
76
32
41%
181
Cddd*—,d-d23;
.—23,
(Del)
78
29%.
44
12%
14%:
12%
33%
37
,33
134
143
131
37
7%
78
Corp class A——d-*
Co__—
72%
9%
39%
50%.
137
9
7%
—
preferred.
47%
108% 110%
39
13%
49% X51%
-d*
——dd— d-d
(P)
25%
48
.
37
,-Z-d.:-
—*
—
27
25%
45
9%
17%
—
-
73
31%
34%
—
-
43%
8%
32%'
-
25
77
"
.30
6%
24%
37%
37%
94
27
23
39%
41%
5
26%
26
37%
51%
;
New common—*
Lone Star Cement Corp—.———_
-—*
cum
..
40
38%
5
28%
24
__
9%
39%
70%
X27
25%,
8%
7%
50
79%
7%
—:
27%
—
38%
40
35
'
36
26%
7%
14% /
73%
Lorillard
33%
24
36%
37
101%
122%
31%
23
10%
9%-
122
20
27%
26
-
50%
Loew's
Louisville Gas & Elec
7%
.
23
Biscuit
11
6%
35%
20%
*
—ddi.
Bell Lumber
277/a
93
35%
19%
Loose-Wiles
26%
112
123%
121
121;/ 122
20
8%
112
110
10%
,
7
Lockheed Aircraft Corp——d-—1
Long
110
29%
37
26%
23%
134
31%
29%
113
135
120
—
28
20
.31%
121
'•
40%
45%
102 *105
29%
22
38%
20
46%
98% 104%
123% 139
27%
56
31
41
30%
25
23%
42%
.
38%
41%
41%
86%
98
96%
117% 123%
123%
60
27%
21
21
21%
240
55%
30%
52
9%
33%
28 %
28%
56
31%
116
140
26%
24%
.
114
J
29%
46
20
44%
61
110
115
27%
18%
26%
144%
137%
133
27%
57
20,
29%
27%
25%
137/
133%
24%
27%
19%
77
28
„
47
20%
26%
50
23%
-
__
.
21%
45%
73
24%
...
24
59%
8%
<
26%
__
26*%
29%
41%
.
24%
27%
118
2^^
49%
' 22%
,
25%
118
25^»;
130
22%
,43%
112%'112%
—
.
.
119
21%
26%
39%
35%
27%
—
__
23*
28Vi
19%
'
*137% 145
"
97
113%
61%
20
21%
:
23^
45
109%
109% 110%
'
'zio'
40
95
114
1
-
d>;-;-d
37%
19%
20%
42%
47
110% 112
43
135%
,135% 144%
127
127
131%
45
109
,.
38%
93%
113%
143
38 Vi
38%
112
112%
Z^ZZ d
4..
-
40%
133
133.
23
21
30%
2%
•
——5
—25
——25
Lion Oil Refining Co
—
Liquid Carbonic Corp——
Inc
v
152
-
'
47%
111
36%
33
6%
..100
d-d.—100
Link Belt .Co.;
77%
31%
29%
.—*
*
Cup
10%
73
9%
123% 127
——5
5,
Corp
Locomotive
Works—-id-
Lima
43
150
42%
4d
19%
27%
24%
45% /
.
12
.—5
5
preferred
24%
'41%
8%
94
36%
—
common
Tulip
30%
41%
151%
50
114%
38%
,
47
.
—25
Series B.—--—25
,
175
28%
30%
22%
20%
38%
37%
35%
-
Liggett & 'Myers Tobacco—
Lily
57
453/4
170%
28%
28%
41
/4X
40
33%
116%
d-
7
Libby——7
&
Corp
36
37%
"
—*
Corp—---—-———*
Stores
■
39%
—50
50
Froducts Corp.—
Libbey-Owens-Ford
10%
—1
——1
preferred
(The)—-—
:
27%
9%
36
30
.—»
—-——•
convertible
Corp
109%
,
—25
—25
Lehigh Valley Coal
6c!o
34%
39%
23%
31%
-100
—100
—50
—50
preferred—
Lehigh Valley RR Co
Lehman
30%
36%
.—O0
-—50
——i
convertible
75%
42%
10
78%
7%
,
Lee Rubber. & Tire
.—5
——5 '
Lehigh Coal & Navigation Co_
—10
—10
4%
24
8%;
88
*
*
-
—
preferred
145
27%
39
110%
38%
6%
-100
100
*
common
•:
43
151
128%
110% 11?%
39
103
30^4
25%
124
28%
,
d,25
24%
23%
,
.
*
(The)—
Bryant
New
4%%
55
165
143
16%
44
26%
27%
121
18%
19%
.
115
39
4
—
20%
114%
35'A
'
-.100
i—.-100
-
preferred
Lane
.
•
—*
Lighfc.^—-
common
5 %
45%
140
24
108% L16d'
55
42%,
48%
'/ 123
19%
1103/4
52
45%
127% 140
118% 126%
3%
3%
5%
37%
,
32%
37
109%
dZ
3%
40
/ .4
92
27~
29
25%
28%
38%
29%
37
'
———d—~*
/
Baking——
20%
25
124
15%
:
28%
,
27%
preferred
Kroger Grocery &
24
108%
.-'-100
d—
———100
-.-10
Kresge (S S) Co—
————10
—k..l
Kresge Department Stores—
—1
'
19Va
25
114%
114%
*
41%
25
18%
\—*
participating pfd A—*
.18%
34%
20%
<
22%
23%
122
13%
\
23%
20%'
23%
Kelsey-Hayes Wheel conv class A—1
Class
B.d——.—d
u——1
—dz
Kennecott
39
18%
"
-.--5
.——5
Kay ser (Julius) & Co—
16
34
non-cum
Kaufmann Department Stores
4%%
26%
1st pfd sfir B~*
B—*
Kansas City P & L $6
$6
107
'
53%
■'
.117% 125
113/ ,10*%
d
.
109%
Z"-dz
30% '34
..
-
37
110% 111%
-
—
d
96% 103%99%.105
103%
23%
—
109%- 112
-
33%
102
42
112% 112%
120
128
-
35%
112%
92
28%
100
X39
—.
'
-
3§%
34
41
114%
112% 122%
92
,
preferred series B called—
Mfg Co——1————.—dd
Kendall Co
115
46
,
,42
5 %
City
21
102%
45%
42
114%
—
—
37%
111%
39
112
119'
—.
~
35
111%
30%
4%
39%
141
41
118%
18%
40%
117
11%
36%
138
110%
18
X143
40%
112
108%
—
Xlll
—
—
-/--ZZ/-.
32%
32%
37
31
,
104
,
36%
41%
d.
113
-
—-
35%
113%
101
.
93
Kansas
8%
39%
140
112%
38
27%
Stove
98%
103%
18%
42%
137%
12%
343/4
96Va
9 Va
34%
138
193
: 30 Va
33%
99
103%
X151%
*
Kalamazoo
/
1003/4
187%
11
41 Va
24
90
joy
•
28%
•
41%
25%
Joliet & Chicago RR 7% gtd stpd ;_100
Jones & Laughlin Steel—
.^4*
5%
133/4
7
37%
140
93
190%
32%
25%
/; 2nd 4% preferred series A——. .4100
5%
100%
10
*' 7%
33%
238
—
Johnson & Johnson
/
89 Va
12%
14%
243%
13'/a
250
X184 Z
7
9%
133/4
217
10%
138
10%
55
107 Va- 108
,11%
33%
25
Inc„—:—d-r---——
-.100
preferred
-——
«—*
Johns-Manville Corp—^
———
-100
3%# preferred
Tea
Rights
109
9 Va
12
231
6%
.
>
42%
*
4 % (,!o
.
7
40%
—
Jacobs
1063/4
9%
/
44
preferred——.—dA.--dd
$6
,
50 Va
,:/.91%
42
-•
Stores—:
57
93%
100
-*
certificates
Department
51%
98%
17
90
122%
9%
29%
36%
/
,19%
10
91
140
17
9%
12%
6%
105
,
'
52%
109%
,
183/4
/
172
100
28%
Corp__——————:
Island Creek Coal
—,rl
"■
48%
147/8
89
92%
181% 184^
41%
112
93A
202
'40%
133
15%
108
47%
109
14%
*
88
99%: 104%
27%
6
'£.£
Intertype:
,
168
42%
40%
115%
137%
dd/'';V!
46
46%
41
107/
,
104
91%
33% :
99% ) 96%.
18% a 13%.
89%
97
6%
135%
// 15 Va
12%
82
140
27%
%
/14%
13%
129%
22 %
30%'
132
28%
86%
^ 121%
5%
e%
137
24/a
10
133%
89 Va
■>
24% V 30%
97 •
90%
79%
39% v:41'/;;:
111
115
19%
35%
..
140%
12%
43
44
41%
39
107%: ,102
5Va
86% •/i 86%
32%
128
93
83%
87
79
88
88%
83
/;••:
135
181% 185
4%
69
Z 125
201
182%
34%
64%
108
7%
7%
12
/. 11%
192 %
64%
106
108-
;7
81
24%
6%
138
91%
9%
13/A
r
•43%
42
,
92
:.'>V,
10.
82%
106
■'
Xl88%
6%
57%
High
31
107
51'A
10%
-186
1
11%
87
81%
,48
323/4
105
9%
'
Low
$ per Share
105%
14%
9%
87%
4%
;
13
105%
•
192
81%
171
101c
13%
7% t/d 6 %
11%
187
//
171
December
High
29 Va
60
104%
,0., /r:0T,
42,
108
6%
9%;
4%
12
v
81
/:
25%
92%
Xl05%
'
137%
21%
45%
.13%
125
Z 92%
Low
$ per Share
30
54%
104%
118
95%
November
High
28%
103.
172
89
'9%
41%.
187
3%
172
93%
21 Vi
33%
,
v
12%
8%
187
195 Va
a 84%
90%
6%
/. 21% ,25%
25%
88%
■57/a
136%
132
132%
,.20%
84% •.91%
/; 30%
7%
90
29
7/51.%#: 67.%/
172
'
9%
108%
182%
58
105
171
:
'50%
182% 187
3% /'.• 4%
22%
19%
83%
,82%
46
104
26%
116'A XI12% 120.
6% /
7%
9% /10%
86%
27
112
93%
9
23%
104%
12% / 14%
9%
107%
26%
October
Low
$ per Share
Ted
ctfs
share
Foreign
Interstate
22%
5%
34%
1-29
4%"
22%
13%
•:
45
188%
76%
81% ••'84%
7%
29%
134
•10
Silyer^-w-d———-5Q
preferred——i—————-100
Tel &
6%
30%.
.
19%
.
International
International
83
133
Salt-.—'——d—.
International: Siioe-;w---dd-»-u-.-.d-;*
.7%
80
7%
28%
of Can Ltd--*
Co
79%
178
183
3%
r
/ 18%
22%
5%
preferred-—-
cum
20%
50%
6% /:■ 7%
10%
82
3% V/5d
21%
9
September
Low
High
$ per Share
High ;
104%
174
88%
August
Low
$ per Share
//45;'/'/'47/.:'
122
174
Vs,
High
S per Share
24%;
106
115%
94
12%
/
9%
182
181%
183%
180%
3%
7%
10%
.
74%
81
75%
;;
—100
International Paper Co—
15
5c/o. convertible preferred—
100
International Rys of Central Amer—*
5%
preferred—_dd—-—d— -100
19o
182
76%
17
100
1
preferred--——
Corp
4%
63/8
8%
178
13%
107% 109
108%
106
173
•
89%"
..8%,;/
39
44%
.
107%
10%
175
182%
178'/a
preferred
100
Hydro-Elec series A—25
Inter'! Mineral & Chem Corp
5
1%
38
106
173
93%
12
-
9
26%
45% / 49 Va
49%
106
Low
;
24%
116 d 120%
169'. i
84%
14%
8%
40%
9%
88%
11%
9
169
171
84
106%
8% •/'»''/
10%
173%
International
International Mining
:
120%
168%
105%
45%
109
112
14%
39
8%
9%
Iron—
107
116%
July
High
$ per Share
24%
23%
48%
109%
Low
High
$ per Share
24%
108%
86%
8%
22%
/ 40
.
108
166
12%
13%
104%
Interchemical
Intercontinental
/
84%
86%
d-8%/d8%.;
-
45 r;
■
119%
166
'I/
82
—d.——*
Insuranshares
Interlake
115
-———100
—,
——
Consolidated Copper
20
Certificates
Inc——1
Inspiration
115%
25
40
■
.
June
May
Low
High
$ per Share
23%
25%
105
d-——*
—
April
Low
High
S per Share
39%
44
41 '•
105% 106%
105%
39%
$4.50 preferred series A-.;——dd—*
Ingersoll-Rand
22%
22%
19%
Light—d-—*
Corp.
—i
*
Power
Ravon
Low
High
$ per Share
$ per Share
Indianapolis
March
February
January
15%
; 32%
'
39%
7%
z.
'it
,11%
16%
Z
38 3/a
42%
"111
111
38%
18 ZZ:
46%
18%
21 % ;/"19.Zv
22%
51%
60% ;, 57
53%
35%
28 Vo
190'/a
41%
42%
42%
105 Va
107 V4
107 V4
48
38%"
31%
;/
29%
ISO Va X191
49
Z/Z 46%
1091/3
108%
43
.33%
191
53%
109%
;>.'Y-H:>ft>'':
>'ft'ft>>->'
v;;V •?•'•'•' ' •>•;;>'•'ft*
:'"7';*
Volume' 163
ft
• v
ft
ft.
W'-ft ''.V. '';;r-v;': ">V:
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4460
NEW YORK STOCK RECORD
March
January
STOCKS
••,.
.•.ft:,
Low
High
S per Share
,-,,,>
Low
High
$ per Share
■
Maytag Co (The)
*
.8%
10%9%* 10%$3 preferred_---^_-<.i-_-A-ii.^--„--<f ■*■ ft 40% 42".
41% 42% ■
$6 first preferred:—
—110% 111
-110% 110%
McCall Corp__i.^_„_i_>„.__.;.«
>_*
27% * 28%
283/tf ?4'
McCrory Stores Corp_i.--.
—1
.19% 21%
20% 22%
.•
CommonrlghtV.__^__^_^_„:_
v_.
;->•, ,■ ft_ :
>■>■5% pfd with warrants
100 • ,
•
<«
8%
ft;
Low
;;
41
43
43
22%
20%'
20%
10'
.
30%
13%
45%
48%
111%
{32
;
20%
45...
10%
■
35?
36%-
V22
x45
45%
*•'*•
•
\
;22
24%,-'..
51-
>
>
23%
48%
110-
114
41
ii%
55
127b
45 Va
25
Low
McKesson- &
Robbins
30*A*' 33%
:
21%
60
19%
52
_•
-.,5'
31%
20%'
58
?
<
52
46 y2
51%
27%
31%
50%
111% 113%
31% ,i333A- .::-32%*;:' 39^' .t
:;19%
21%
20
22%
57, ,- 61%
58
58
34 , t
23%
Vj
60%'
.24% >27%
Inc--,-
A'
,,
Mead" Corp" (The)"
.
%K '
i'{
KSbt
,
-1—~
r"
"" *4/
'
/n'I, »,j'
13%
100%
94'".,' 96%
20
29%
38%:
35!:
137
145
'53%
*12%
19
57 i,59,
I
20%
102
96%
21%
107
38%
32
24%
:
20%
i
14%.
13%
101%
103%
97 Vb
100 %
38
14%
58!
33%
37
•
:
16%
17%
54%
19
'56%!
.
44%
-
45
38
44%;
7%
9%
26%
29%
26%
31%'.45
45-
39
53
59
!
53
-
39'
Mission Corp
——
Missouri-Kansas-Texas
RR_„—
1%
72
63
36 %-
42
43%';
40
43
40%
45
Xl06%
8%
8%'
•
30%
64
16%
18%
2%
47%
41%
X153
:
7%
20%
37%
36%
ft"
27%\
151%
114
85%
109%
-
' 9%
<31%
30
,
111%
9%
21.
.
29%
26%
6%
7%
24%
31%
$7
preferred—
Munsingwear
30
27
92% •
84%
114
108%
Murphy Co; (G
—>
4%%
preferredJ--.^—!
^w-106
Murray Corp of America
:10
■;, Cum .preferred 4% series—
50'
V-/Rights
Myers (P E) ds Broa.^!.
•
.
Nash-Kelvinator
National Airlines
National Automotive Fibres inc—-—!
6?o
convertible
118'
111%
119
National'
7%
Biscuits—!——»!—110
preferred——
:
23%
26%
24%
23%
28%
24 %•
32%
36%
13'
32%
National Can Corp—
National
Cash
15%
14%
—U
Register-.
10
110%
>83%
111%
14-'
16V2
113
17
18%
18%
42 '^
24%
44
'
36%22%
19'A
44%:
38 :
12%
13%
15% 25% "
24%
24%
183
25%
13%
'
105
'
115
115
114
118
109ya
107 y4
109%
70JA
47%
-20%
.
.09%
109% 112 >A
93
19
20
"xw&
16%
9%
39%-'
37%
18%
9%
13%
11%
12%
12%
14%
165A
15%4
17%"
16%
25%
•23%
,
11%
189
25%
192
22%
21
15%
.14%
16%
35%
32%
34%
13%
13%
14%'"
12%
14%
14%!
13%;
27%:
14%
13%
.15%;,
29%
29%-
28%'
26"%-
22%
.26%
22%
11%
39%
37%
National
40
39
41 Va
38
42
39
155%
159
17%
-
40%
28%
,39
42..
45
13%
15%
-42«A
>15% >18%
103%
102%
109
>32%
34 Va
92
99
110
.18%
:
95 ;■
18%
15%
117
113
-
18%
16%
179%
157
18
155?
16%
181 >A
157- -
-
34"
37
33
27
22%
1
?
7%
9%
15%
35
,
30
22%
X23%
42
-
.16%105%
27%
185-
ll7/«
11%.
41%
44%
42
44
108 y
28%
,18%
181%
36%(
9J/a
21%
24% '
39
43
40%
43
155
26
•
Xl4Vb
27%
157%
160
-
159%
18
17%
18
16 Va
17%
26%
24%
26%
24%
29
35%
34 y8
35
34%
•37'A
11%
10%
11%
159
184
156
-
i6y2
27%
36
*
f
'
1
8
10
-
9%
.9%
133
>
113.
Steel
National
-
131
v
150
f: H2»/2
18%
18%
50
>,
114%
49%
21%
•
52
;'■■■'•' > "i l'
65
66%
62
22'
>
23%
27%
25 % :
65%
22%
25%
56 >i>48
X28 % ;'32 v
27 (
•
35%
15%
16%
16%
19%
19%
22%
21%
,
31
52%
37%
>
32%
28%
•
41%
16%..
30%
30%
25
32
33%
185
181%
25
•
19
17
16%
40
38%
;
15%.
19%
19
26%
'23%
'14%
16%
*33%
23%
'29%' >29%12 %
12%
15%-
;
28
16%
20
36%
41
41%30
„
195
30
17%
20%
X37% •40%
27
32%
18%
•17 •>>
19%,
17%
19%
33%
33%
38
33%
36%
33%
.
31%
33%
39%
38
40% >
12%
12
12
11%
12
48%
48%-
65
63%
75
64%
76
42%
46%
46 Va
54
51
54%
49
53
>18%
21%
21
102%
105%
104
29
28%
177
■33%
186 >
178
187 y8
152
? 156 %
152
i56ya
19%
160 y2
•"■(
16%
17
29%
:
x34%
26%
23%
18%
•
32%
33%
31%
193 .-y 193
192
27%
•
26
17
22%:
21%
107
31
186%
195
159
167 y>.
19
21
2oy4
32%
29%
36%
12
39 y4
39
13%
12%
33%
35
35
36%
11%
10 y8
11%
11%
12%
26 y8
193 >
28%
25
.
108
33%
20%
;
23%
103 V*
X34
31
•27%
23%
106 %
103
33
30%
>
>
37%
199 va
;
165
165 va
X23%
25
30
35
39
59
32%
y 40%
,
68%
Supply Co (The) Penna
10 i
82 convertible preferred
40 "
5%% convertible prior preferred-lOO
6% prior
preferred—i———100
4%
preferred
cum
-
100-
68%' 70%
29%
92Va
96
97% 100 •'
32'A
15%
29%
95%
27%
18%
291A
r
17
65%
16'A
.72%
15
99%
96'A
99% 101
72
.
72%
77%
70
77%
77%
84
81 %
8i%
80%
27%
24;
25%
22% .25%
25
28 Vi
.27%
32%
31
34%
>31%
17%
16%
19%
17 %
19%
>15%
17%
15
17
18%
17%
20
18%
23%
.19%
33%
24%
29
30%-
28%
30%
28%
26%
29%
27
30
28 y4
29%
29
oo
28%
33%
99'/a
104
101*
65
70% V 75%
96
100%
100
31
105 *
J00% 104%
103
103%
%
105
97
99
101%
>
100%
102%
100
103
74%
X75%
■'
17%
29 Vr
X27%
104%
103
103 Va
•
102%
105%
104 Va
'•99%
102%
100
101%
.
103 >
106
•
10T4
15%
14%
15% '
15%
22%
17 V4
19%
17%
18%
17%
17%
17'
19%
17
Co—10%
Nehi'Corp—
—»
—16
11%
11%
12%
10%
i2y2
10%
11%
11%
.12%
ii y8
12%
11%
12%
11>
71%
16
17%
15%
17%
16
18%
16%
18%
I6ya
17 y4
15%
16%
15%
20
40
43
40%
39%
40%
106 -.105
>106
__
—
-1
Co
!—10
Natomas
Bros
Inc———--_1
30
4%convertible serial pfd——_100
Newberry Co (J J)
common'
;—
31%
30%
66
preferred series A
100 '
preferred —^-i.—100
N J Power & Light Co 4 % pfd——100 *
103
69
s!v'
-
5c/o
.**.»
•'-*
/-
36% X43
:69
24%
11%
12
11%
12 %
19
20%
19%
24%,
451/4
44%
40%
105%
:
*
72
■
76%
108
105% 106%
V
109
108
110
_!
w
>107%
21%
47
23%
12%
23%
>12
49
103
23%
14%
22
2?%
80
80
39%
106
105
81
75
81%
78%
•
53%
29%
13%
28%
.
56
106
105
XIO61/4
106
106%
105
61%
107%
85
106-
87
108
100
108
108
130
37
107
107
109
107
109
108
109%
84
82%
'
•
107% 110
J
22%
106'
104%
107
3%%
.V5;»
35
23
104%
35
103% .105%
*
191/2
20%
36
105%
105%
105%
__
Tea
,
102%
4
__
National
85%
9%
25%
25
Corp--—,;
14%
-4%.
14% ;>
15%
Sugar Refining- ^0—
National
New
43
;y 3%
National
;
18%
108%
38%
Rights
Neisn6r
16%
105%
.
40
43%
•
34
24%
3iy2
188
:
17%
109%
50%
15%
•
-
24 y2
17
24%
33%
•
47%'
16%
54;
105
25%
184
42 y4 i,
48%
•'
35%
—
14% y
15 »A
17
107% Xl01%
24%
45%
,v
ii8y2
28%
183,
23%
•12V8
43
33%
32%-
;ili%
24
44
20%-
182
23%
12
182%
17%
•
24%
103
-
187
150% 163--
32
15%.
.
-
23%
-
29%*
40%
156%
■
30%-
-38%-; 43%
-
26%
192-
15%
20%
: 11%
'
12%.
15%. 19y4.
190
-
15%
14%.
•
43%-
29%
16%
37
14
■28%"
■
16%
106y4~ 103 ;
102%
28%-
25%-
16
43%
11%.
.40%*
14
36%;
16%
33 y8
14%
25%
.
24%
21 %
:
>
18%
25%
22%
16%
'
39%
30
29%
v
:
13
•25%
34
-
32%
ll7/8
10%
19%
14
173A'
30% x32%-
-43;?!-
12%
12%
17
37%
33%
-
-
27
,
;14%. 16%
14%
22%-
39%
>
31%
37 »A
•
29%
>22%
14%
39%
16
r
62
20%
-46%
'26^
25
24%
x36%
"
••40;
21%
16%
43
-
16%
36%
26%
21%
(27%:
22%
45%
'
54
37%
1/64
.56,
x21%"
19%
184%. 187%
15%
/16%
14%. 15%. •; i5"-:'
.
?
37%
2&
26%
61
51
40
106%
16%-: 18 >A
61'
53%
61%
28
>
112
1/128
-V,
•r
21»A
12%
24%
25 y4*:
102
182
17%
27%
14%
26
49%
17%
187
-15.%
.
26%
12%
.
25%
•
17%
.1/64
59%
•
76
24%
59%
& 42
.
120 Va
110
110
:
30
>
38
.116%
112 Vb
-112
-
34 va
114%
•>
55
>>37%
15%
17%
105y« 108j/2
106%
32y4
.,
>
116
:.
114
31%
32%
-
36
117
.
115
•
37%
29 vb
393A-
f 111
48 %
31%
17%-
15%
30%-
14%
-
27%
22
8%
9
38 y2
52 Va'
34%
3iy8
74%
.71
21% "24 ■•■^: 21
40
29 y8
28ya
24%
22%
22 y8
23%
33%
4
.M4%"'15%!:'
15%
13%
24%
180%-
155
i7%:
22Va
34%
25
16V8
36
12%.
xl78%
41-
49
> 29
68%
>
x48%
:
•
32%
108 %•■ 112
26%
100
-
45
•
10
,
186
21%
14%
12%.
36%*
102'/a 105
.
31%-
12
16%
103% 106
26
27%
26
192
23
21
"
12%
13%
186%
25%
188%
185
' 14%
..
13%
14%
23%
23
181
29
16%:
184
177%
22%
25
11%
11%
>
27
11%
39%
15%
43
24%
•14 y*
'
36%
26%
38%
31
113% 116%
35
112%
-
15%
f:c54'?>y
44%
26%
17%
21%
105%
29
457/a
41.
94
110
21%
24%
26%
•
18%
22%
40
,
.26
33"%
•
46
29%
93
19%
17%:
106
•42
50%
26
30%
70V8
25%'27%;
-
16%
47%
115%
,37%
-
13%
37%
107
31 'A
29%
100%
31 /
26%-
41%
27 •
37%
15%
13%
105 ?.r
28
1145/k
>
'
(35
16%
102
-
28%
•39
38%-
35%12%
•
-88% 100'A
21%
22'A'
12
7%
40
26%
39%:. 44%:
',45:-
12:
Light——.—*
25%
25%
102
88% :
16%:
18%
38%
National Power &
44%''
39%
37
15%
40%
112%
45%'
33%
34%
33 Va
133A
107%
43%-
_
13%
124
36%
104% 109%
111-114
06
112
11%
33%
x30%
39%
>67J/2
116
107%
59% V 68%.'
42%
27%.
12%
20l/a
14
15
24
110%
122
122
114
115
46 :
39%
31
35%
182%
21%
33
"
40%
17
25
National Oil Products Co-—i
:
26%
I8.%-
16%'
17%
18
11
:! 12 (
13%
21
'45%
44%
27%
14%
20%
15%l-
16%
47
41%
111
16%
'15%
11%
13
110%
116-
97
.
12%
102
110%
50%
111-
-
55 Va
112%
31%
97
116
26%;
52
noy2
47%
30%
104%
72%
115 Mr
29%'
.28%
107
65%
32 28%
114%
13%
26%
preferred A——100
&'A
preferred B—
»__10Q
National Linen Service Corp——Jwl
Natiojial Malleabld ds Steel Cast Co..*
115
59%
41%
41%
25j/8
112'/a
-
14%
1%
65
-
287A
39%°-
(
34%
.
52
113
39%
103%-
84
32%
.—10
48
106% 109%
60
::
54
•
:
112%'
-15%
115
:39%
13%
J3%
National Lead;CO
30%
12%
113
>65%
21%
4.%
121
35 y8
86 >A
•V 67'A
70
%
110%. 110%
ii •/-'
12%
11%
26%
113
>
22%
56
110%
122(
16%
27
>:
41%'
108%
112
110%
io y8
120Va
41
48
159%'
•>50'
:
•-
13%
25%
54
13%
37
10%
■
109
33
109%
27
1'
Enameling & Stamping*
National'' Gypsum Co-^1.
S4.50 convertible preferred!^—!—*
108%
29
X157
2
•
•
V!
54%:
National
109
9%
.
53%
National
109
;-
.;
54%
13%
108
15%,
39%
63%'
*
58 Va
40%-
*27%
30
49
16%
112%
31%
113%
27%'
25
*
:
National' Container
52
23%
115'A
: 29
99>
86
•
111%-
^
27%
Cylinder Gas Co—-^-l
13
Dairy Products Corp-!-—*
24%
NationaTBepartment Stores-—
21%
6'/o
preferred
*10
12
National DistillerS -Products—35%
.
53%
;
; 11%-
29%
14 va
33'A
67%
14%
111%
59%
42%:
417A
.
11
lOO'A
24%
85
^
20%
3%
27%
39%
97%
-
27%
..
182
*
10
17%
3
44%
114%
-
■
-101
>
23%
100
-
Corp,
75
16
10y2
109%
:
110%: 111%'
53JA
62%-
37%
"9%
'
65%
#
32 ;
28%
12%
160
111%
26%'
14%
158%
160
16%:
88%
41
11%
preferred—^—10
National AViation Corp^—-16
National Bond & Share
34%
lO'/a
X82%
'
25 '
107%
50
112% 116,
,
110 %
35
Ill
115
49%
"St
10%
49%
■8%:
30%
.113%
27%V
36
'
13%
•
23
17
:
109
110
10%
113
86
49%
47%
3%
48.
108'%-
9%
•85
26'%-v
24%
^5% ^41'
20%
23%
Inc—
29
108%
11
118%
112
39%
15%
Nashville Chattanboga;;« St Louis.^lOQ)
National
9%
117
28%
78
37
29%"
18
111;
111:
25
42
45%
66
109%
29%
87%
50%
*
47%-
76
31%
158
,
43%
25%
41%
'9%
47%
36%
•
86
-
197
159%
3
48%
43%
46 y4
47%
14%
109%
105%
27%
62%
40%
106
44
68
43-
105%
103
28%
X157
3%
25
109
107
47
,
17%
95
43
53
Corp~——,.-5
*159%
2%
115
35 Va
'*
24'
99
13
x42
20%
104%
!> '•
99%
va
-
30
.
41
44
36%
25%
-35%
40%
"Va.:---
•27
43 :
21%
30%
104
% •r 28%
72
■
19
21%
26
108%
37%
47%
10%
60%
86%'
;56>
51
'
42%r
24%
97%
8%
13
5
114
116%
114'A
117 %
34%
22
-23%
63
86
111%116 -
—*
—
109
»'
27
119
■>
116
-
:
107%
23%
116%
27%
109%
>
—
-50"
—
49%
106
25%
24%-
>,
>:
,
Certificates
44'4
24
v;-
22%
105
112%- 115%
27%
42%
■
109 va
36
'
114
17%
47
108
>
24%'
,
104
25%
43'%
26%.
>
.114
115
18%
104
41%
28
--
233%-
28%
>
74 %
109% 109%
im
; 119%
26%
8%
24%
i
.19%
20
114.; 112
107
■
—
108%: 109%'.
50%. 55%.
-
Motors.Products.!!-,^.!--.-!--:!!—21%
Motor Wheel Corp.—
S'
24
Mueller Brass Co—;—
1
31%
Mullins Mfg Corp class B common
1
9%
ill
•
8%-
,
•
•
t
118
.
104%
109%' 110%
ya¬ 112
rn
119
8-
116%
:
28
:•<
41%
75
25%;
155
110%
no
109%
16%
V3%
■'mv$
47 4
110
110
-
110-
111%
43
70%
37%
21
65%
>
22%
3%:
67%
23
36%
159
'
91%'
113
.
111 %
26%
31%
0%
109
7%'
8%i
112% lie
9"
116%
26%
111%
110%
111%
7%
113%
46%
111%
-
-
;
31
68%
35%
8%
42%
30%
69%
109%
41%
39%
;•; 106 4 ■4. 106
•
29'
132%
37
63
69 va
n 7%
28%
38%
41%
33:
li
120%
I
36%
23%
108%
8%
26%
: 61%: ; 70%-
.
110%
:7%
44%*
160
2%
X44%
»
29%
•
17%
1%
'108:
*
9%
27%
45%
:
in
29
43
66
38%:
f
27
129%
.
37%
41%
<%
;
55%
%t
20'A
24%
39%
19%
38
57%
102
43.' #:
20%
62%
160
2
36 %'
.122
121
34%'
2sya
106
4
>, 42%
34%
104%
17%
37%
42%
.
39%
V
-
.
42%
108%
27%
18%
110
,
27%
87%
$4.50 preferred series A——*
111% 114 ;
Preferred series B--—U4'% 114%
$4- preferred series C——
109 : 111%
Montgornery Ward & Co
j.
*
47% 53 Mpore-McCormaek Lines Inc
10
<*.*'•
•
82.50 cum
preferred
50
—
Morrell (John} & Co-I
^
4iya ,43%'
Morris & Essex -RR Co——:
50
32%
37%
-
111%
Ma/&
«9ft.
110
114
25%
29%.
6%
8%
17%
24%
..
Mohawk Carpet Mills—
20
36
Mojud ■ Hosiery:Gd^lnO:!i:-!!-:!!—2,50'-if'"
Monarch Machimf Tool—
25%
Monsanto Chethioal Co—.
^„-__10
79 %
42%
111%
110%
.
1%
.
42%
,
110%' 110%
110% 111
25'A
5%
16%
■
15%
2%
.47%
1%
,
111^
110% 111.
' 7% '
0.
-
2%*
47
18%
15%
19%
2
44
109% 112
22'A
10
>*".
preferred series A..---.—100
16%
2 ;
' 2%
43
46
ill
113%
110% 111
18
65%"
*
152%
X59%
38
•
:
32%
60'/a
112%
lCf3*>,- 105%ioi y4 103%
103%
17%
•:
•
14%
15%
105 :
J.-:
>
426%
18%
«:
26%-
40%
159%':
155
160
149
S
114
23
57
44%
7%
.
14%
100
1~8%
17%
114
65%
106%
8%
37
24
55%
32%'
21
:
.42%
,
107%; 108%:
108 :: X109
7% ;;
41
15%
103 va
,
40
33
45%
.59%
iiMt
38%:
99
114
104
ill
102%: ■105!!;:
:
25
i
107
.
112%
37% >40%
111%
37%58 VA
•
21% 4.25%
1
111
••
.
18%
111'
26%'
14%.
.
.39%
18
61 %*
41%
>
37%
44%;.
:
•
16
31%
17%
112;,
23
'
122
56%
28%
23%
57%
29%
105%
i
32
t;;
36
55%
,
107%
111%
110
115
112%
.
17% : 19%
24
103 .••-;• 105 Vb'
95 ;>•••' 101 r;'
.
100/
36%/>39%
I
.
12%
14%
100
152 %>
145
68
15%
>
18%
20%
>
56%
58%
X26% ! 33% !
27%
„
19
29%43%!
28%
36
22
58
,
••
*
13%
Petroleum—i!i_.
20%
56
24%
26% :
108
-107% 1081: ' 104% 107 f
15%
18%'
"14*: 147#
My*':. 15%'.:
110% 111%
111 ;
112 v ;
111% 112%
:
Mid-Continental'
;
36%'
106 %
98%
:;Midland Steel, Products—
—*
V.ft 89Jr first::preferfed—!——
100
Minneapolis: & St Louis Ry■_:
* £
Winn St P & S3 M class "A" vtc
J»
;
Class "B" ytc
:J._——
*">
Minneapolis-Hoiieyweli Reg Co
C._3
4% convertible preferred series B_100
4%% preferred series C
i
100
4% preferred series100.
Mino-Moline Power Implement Co-i—S
86,50 preferred
i.—.
—
' —*
24"
-1 ii5*a"
113
.38%
i
A;;
13%. 14%
100
102%
85.50" preferred series: B w-W-ft—•,**'ft
95 ,
98%
Melville Shoe Corp_i_^—3538
% 37% 40,.Mengel Co {The)
1>ft:i5:>' 10
151/*
16%
5%
convertible first preferred
_50
54%
58V4
55vz 57 Vb'
Merchants: & Miners Transp Col>33.%, 36; • 33% -37%?
Mesta Machine Co.'——^5
\37 >
38%
37%
41'%Metropolitan Edison 3.90% pfd ser_100
106% 109 :
107.%' 109
„
preferred series'A_.
$6
;
v
ij
.36%
•
.
"ft
<
55 Va
27JA'
32
,
4
111%
'
—,-18.: 1.20% 28%
26%' 27%*,;
$4 cum preferred
:
104% 106
' 105%r 106V2
McLellan. Storesi—;ftl3%>14%:
13% 14%":
5% cony prefejfred.i^-i.w-—_^10O
109% 111% 110
110%;
McQuay-Norris Mfg "CO—
—10
17 Vb
20%
19% * 2.0%*
/ft y",
52
111%
.
McGraw Electric
McGraw-Hill Publishing; Cdft.."..
Mclntyre Porcupine Mines Ltd-..
i6%
48
112
277/e'
■
14%
52 Va
111
High
$ per Share
14%'
51%
111%- 111%
.:
December
High
S per Share
13%
48%
;
24%
.
Low
High
46
>23
November
October
Low
$ per Share
12%
49%
11%
1HL
112..
37%
43%'
22 V*
24%
39Vf
s
High
$ per Share
10% ' 12%
12%
44,
\
September
Low
High
$ per Share
•;'iii\^.ii2*:&
111%
32%'.
>34%
24%
,
August
Low
High
$ per Share
46%:
111%
July
>
Low
11%" 13%:
110 Va
22
*
.
.
High
$ per Share
49%.
111%
Low
High.,
$fper Share
111%
34'A
,
112 .i 112(
30%
35%
.
Low
;
8%: 10%;
10%
'
.
High
Share
$ per
x: ,•'/ June
May
>j April Al'V
Lpw
High
$ per Share
.,
107
107
109%
109%
108
104%
110
106
105%
103
—
'
107 -108
' t""'k
108
.
•
108
^
108
108%
107% 108%
107
107%:
108
.108
,
108% 110
110
108%
107
35%
32
35<
35
38%
28
32%
22%
22
28%
26%
30%
19%
18
19%
19%
17%
18%
noy8-
110%
110%
no
110 >/4
1093A
■45%
48 %
45
52%
26%
50%
55%
51
58%
53
ii%
24%
29%
26%
29 Va
28%
32%
,108%
108
no
'
Newmont
Newport
Mining
•
Corp———
convertible
New
York
New
York
Air
preferred-
Brake.—
Central
RR--—-
1*
*'
18%
21%
19%
18%
17%
17
18%
17
18%
16%
109'%
109%^ 109%:
-
49%
47Vb
21%"
26%
22%
109%
51%
25%'-
32
37%
32%
103%
HS'A
107J/2
28%
,39%
17.
18-
preferred—a-*... '"41% ,'45 :
N Y & Harlem RR Co^——_^___50 i 168% 169 '
1N Y'Lackawanna & Western
100'
85%
88 ;
non^-cum
18%'
45%
York'Dock!!-w^—*
9%
39%
36%
109*
N Y Chicago & St LouisL——_^.100i
6% preferred series A___._
100
N<:Y City Omnibus Corp!i_
!
.
New
34
20%
33%-"39%'
19%
22%'
33
Industries Iric_r—!—i._l
Newport News Ship & Dry Dock!
$5
10
35
' 163
45
39-
39%v
35'A
39
23%
•22%
25%
23 %>
17%
16%
18
17%
109%- lioya-
46%
25%
22%
27%
25
44'%v
38?
■
62%-
120
135%.
32%?
35
>
55%
,
•33%
>
17 3A
■41'
20%
18%^
22 •> ' >22.
44
44
50
167
162
166
'
1
':
47
497/a
27%
66
•69%
135
32 V*
%•;.
132
>35%
33
:
"
'
165
25
30%
72
35%:
123% 138%
>31 Va ■•34%
>22%
22 y4-
25%-
50 >
49
56'
188
190
187
27 va
57-
75%-
148'.
23 y4
:>48>A
v
51
29%
125
v
: 162 v
" 165'
.
Hoi'': 109%-
109%
50
123
31%
22%?
47f '
.!
37%
47
>47%
111
37%-
35%
50%
>21%
115'%
|
17%
43'ya'
109%
?37%;'v'
34
53%
192
•
'
25%
xi6ya
22%
50%
>
54%
35
'
47
50%
51% < 541/a
47%'
43%
30% > 34%
>32%
24%
23%
X20%
52
53ya
111
•C 54
30%
59
•
38%
27%
i
111
>
57%35%
50%
57 va
125 y2
139%
128
39%
35
39
26
29
28
29 '•>>
61%
.
139%
36
134
341/a
194% 220
27
61%
285
250
240
37
24
24%
54 y8
103%
48i/a
127
133
33%
21
105%
22%
123%
54
2o5O7
31%
18 Va
,
65
59
60
325
340
,
35
31
28%
-
38%
40%'
110% 1101/4
110
48%
60%
128
115%
37i/a
410
373
-
373
>
>
•
.Certificates of deposit;-^—
*
86.
87%
87%
91
-V
•
.";V
'V '?
N Y kower & Lightv3.90% preferred 100' 'v- '" J.:-"; ,W
"
N. Y Shipbuilding partic stock-.^:—1 19%'* *22% 20% > 22'v*
21v* '^4%? ; -21
' 23%
Noblit't-Sparks Industries*
.5
37%
39%38%'
•39
44%-' •
44
'
41
43
Norfolk & Western Ry Co
—100 2' 219 ' 236 ^ 219':
230'
219
y 222
228
235
.Adj
non-cum preferred:
—100 p 121
(123%: 122
123%-., l23Va* 124
> 122'A4 123 y2
North American Co—-i—10' .19%
20%
20%> 23 '
20%- x23 >
21%
247/8Preferred 6% series.-.:
——-50
-53%
55 '
55
>56
SSVa'
57
54%
563/4
Preferred
5%%. series——
50
53'%' 54%f
53%;'55%'
54%:.. 56 ■
54%
56% "
North American Aviation^.—]
!_1 "-:• 9%K~- 11
!'
9%
ll;: :
■'9%
iiy2*
9%v
10'%
Northern
Central
—-——50
105'A 106%
106%'107%"' 107% 108 Va
108% 108%
Northern- Pacific.—av-: 10017%- 21% -^18%- -22%--: -'19%- 23
21
•'
28
v
104
^
18V2*
:
142%
•
19%
14%'
18%'
16%
181/a
40%
43%
40!/a
44%
447/a
48
123
237
54%*
>55%
56
56%
" (122>;v
120
231% 251
2381/a
255%
118 •> 119
118
121
24%
26%
56
54%
56
56%
>
26%
59
571/4
58%
For
footnotes see* page
9%
108%
>
25%"
io%:
110
31%
> 10'
t 14
X108 Mr
110%
29%*
■35%
—
'
26%
57
55
55%
123/a
11%
109%
109Vb
29%
27%
56i/4
11%
141/4-
9%
11%
>10%
109
•'
26%
■•.
109
•34%r:
108%' 109
23
29%
>
109
26%'
:
;
106% 108%
17% 20Tbr
46%
48%
248% 258%:
108
HO
19% 21%
46%
49%
243
257
123
126ya 123% 123va
27%
27% 31
.27%
31 vb
55 ' ft * —
—
•
>_ >
57% >
56%
57%
54%
571/4
13% > Xl2%
141%
13%' 15%
121-124
27%
ft 54%
*
*
103% 106%
17%
20%
47
50%
251
258
54 Si
25%
24%
55%
55%*
f 57
249
241
251
120' " '122 •;
23%
26%
y2:
24%
55%'
102% 10414
18%
44
-
240
55
104%'
21%
41 Vi
121
•23 :
"
18%
44
233
-
,
23%:
,
1101/4 >
30%
110y4 111
29%
37%
xllOVb
34%
112
38Va
;
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK
;w.
//// February
Low
High
S per Share /
January
'
Low
STOCKS
March
High
Low
Northern
$5
States Power
■
Rights
—--r-—* '
■
--
50
49%
52
—-■—>*
6%
7%
cum, preferred——50
Norwich Plrarmacal Co—l
—2.50
50%
54
51
12Va
13%
13%
Norwalk
Telegraph
Tire
Ohio Edison Co
Ohio
Oil
Co
:—
Rubber*
&
(The)
First
20%
24%
/ 27%
29%
108 %
107%
15/
13%
11% ;
107
Pacific
Gas
Tin
Pan
New
:
common
Parmelee
per
Ford
26%
;)//14%-
18 Ve
16%
17»/a
17 y8
25%
111%
106%
14%
12 y4
2i%"
24%
26%
110
14%
/ 13
14%
13% Vl5'*;\
56%
18%
18
112
112
19%
112
19
32%
29%
112%
14%
119
114%
117
13%
29
15%
114
115
32%
17%
Co——"—
k; 37
50
29
32%
30%
34%
31%
35%
6V'e
•
7%
32%
:
55%
:
5%
58
109
'
2%
36%
2%
1.4
15%
14%
14%
14
14%
13
14%;
13%
13%
13
/
,
29%
32%
89%
87%
88
69
78
74
77
%
73%
79%
20%
16%
22%
14
,;
'
15% 4 15%
16%
16%
15
19% 1/
20
67%
:.15%
••
87%
67 ;
60%
.1 '63
29%
25
'% 37%
39%
39%
42% /:
•39%
41%
39%
52'/a
53%
50%
52
50%;
■:
6
52%
38%/
50
;■ / -,52
45% X49
47%
129 !/•; K; 127%
?. 168%
168
6%-:
6%
7-
52 %
19%
130
170
:
49
54%
130%
171/: 175
6% /
.
132%
'
7%
6%
19%
20%
19%
6%
20%
531/4
51%
49
>
.64
K./7a;/ /
•; 173
171
.
6 /'■:
'
■
7/
'■
6%
20
20
15
15%
19
21%
■/
61%
B9
29%
—
5%
4%.
30%
32%
^23% .27.
6%
23
6%-
28%
17%
14%
%
46
:• >
60
1
59
18 %
18'A
*****
'•*.,
20 ya
20%
X31%
34%
107%: 109%:
38
'41%
2%
2%
5%*
6%
.
17%
>29%
40
69%
34%
31%;
,43%
:
.
34%
66%
59
62
62%
1U7 %
107%
,
'
2%
3%
30% ;. 33
24
.' 25'A.
8%. 10%.
9%
7%
24%
20%
22%;
19%
21%
20
63%
62%
67
68%
72
67%
:
/
14%
,
4
14%
9%
8
4
,25#
15%
65 '•
67%"
5
14%
4%
12%
4%
123 :
;29%
13%
.
13
13
5%
5%
114;
108-/4;114
24% ;;26%•
Hi
26%
//:. 14%
4%
5%
23
23
15%
4%
4%
16 4%
L
Corp--;--•
!ioo £ 112% 112%
:
62
62
-
66%
24
-
26%
-
21%
25
25
6%
-
24
88/«
19%
Co—
RR
'
*14%
14%
19%
•
26 %
26%
106 %
106%
14
15%
14%
30
23%
8
.
33
33%
32%
5%
.7%.
62
33%
42%
3
i
107%
9:
.
37%
,
2%
.
.
25%
9%
;24%
8%
18%
19%
19%
11%
9%
74%
65%
68
68
110
38%
44%
154%
3%
-V-
3.
;26%
11%
42%
58%
41
70
.
-
117
;
122»A
28%. 38
13
117% 122
4
38%
32%
35%;
12%
15%
11%
13%;-
6%
8
Phillips-Jones
8%
47%
134;
-
7% "
s
/i
-
14
13
17%
18%
20%
19%
72
X68
130%/ 123% 138 '
31% *34% :
32%
40%
6%
73%
85%
22%
82%
23%
8%
24%-
J3%
8%
89
71 »A
142%
137%
.
:'l
•
49 %
15
8%
6
6%
37%
39%
37%
37%
39%
39%
39
41%
43%
39%
34%
39
33%- 36%
32ya
33%
32%
37
36%
37%
37%
40%
75%
78
85
19%
82
88
85
88
84y*
8b72
17%
23%
22%'
23%
22%
28%r
97 >;
29
108
8%
Common
29
67%;
>109%
-
110%; 109
108%
62%
111
23%
25r;'»
25%
26%
25%
26%
/:,/
27%
27%/ 28y«
27%
28%
27%
28
:
120
;!■
Xll9y# .122
>
119% 120
'i:y
31%
—
97%
100%:
-
33
36 %
-
110'^
/"•.a**',.. 7
„
-
/£
—"
26
-
28 /
13%
'
,
26
43 >/a
36%
34%
38%
27
-
28%
v
105
25%
27%
29%
107% 107%
8%
8%
'
11
19%
112-
87%
■
891/2
28%
26%
111
108% 115
91
90
94
j
>;
112%:
109
111.
17%
30 V'a
55
49
12%
28%
24%
i
32'A
111
118
120
•
15%
105%
106%
106%
9%
9%
12%
10%
13%
25
112%
28%
34%
70%
107
13
13%
15%
32%
36%
36%
40 y8
67%
40%
69% , 71%
112
115
?
.
111% 114
115
11714
/
28%
28
28%
119
118
119 y4
16%
16
19%
17
19%
40%
27%
118
14%
13%
15%
35 V'«
35%
67%
28%
117
13%
39%
31%
27% *27%
27%
34%
107%
65%
114
.25%
26
27% *28%
117
25%
26%
30
41%
40%
44%
29%
.
28
27 V»
29%
.
29
27%
.
2»%
119% 120
17%
'l
T15%;
-
lit!
111%
16%
112
17
110%X112
17%
21%
115*
:
118
/
52
;
54%
50 i/a
54%
49%
11%
12
12
20
16
18%.
'28
27%
30
29%
31%
■
/
19
113JA 114%
26 ya
108
108 y8
%
108
6%
7%
m ;/i
48%
8%
90'/a
18%
V
3?%, X39
:
36%
.
72% '
«
15
.51%
16%
68ya
39
36
74
,
-
14%
107% 109%
20
«
63%.. 72
,.
^
47
21%
9%
84%
55%
73
28
•
X76%
32%.
•'
-•-»r
"•
281/2
it
/ 25%
•
14%
15%
86%
87
17%
19'/2
205 >
205;
31
105%
107%
118%-
105
126
5% -•
9%
8%
93
95
6%
6
85
8%
:
19%
16%
19%
18%
.
86 ya
57
25%:
-84 '•'*.
27
26
261A
27%
14% V 16%
13^8
16%
18%
2H/8;
18%
20%
57.,
63
.18%
7
■
22%
101
101
,
2oi»A
204
11%
:
/ 9%
11%
13
116
117%
63
67%
■891/4
85%
91
34%
32>/a
37
29%
20%
_
,
;
202
10
12%
13%
15%
?W.fv
60%
69
61
82
69
90
8t,".
32%
35%
30
18
20%
18%
100
100%
.
85%
33%
;
98
i5y8 ■17%
15%
98
99
/'v
20%
99
99%
23%
31
22
W
..
'
26%
J-
24%
20
2l«/a'
20 3A
26%
28%
26'/a
29%
30
15%
19 %
18%
20%
21%
21%
24%
19%
20%
20
21'%
61 •„*•
57%
fi*
'
59%
52%
21
26
19
■
•;
21%
21%
:
,29%
20 V«
24%
'
24%
X33
20% ,25%
21%
23%
r:
•
24
5fi V2
PR
fin
56%
60%
56%
59%
117%
1201/2
17
19
19%
62%
117;; 119%;
19'
20 V*
104
55
110
60%
i J 118
./ 17%
/
19%
56
;;
/ 20
A 56%
53
56%
1101J 110%
18
/8
62
iioy8
33 Va
22%
-25%
22%
21%
21%
26%
66 Va
64 %
66 %
56%
61%
61%
65
62 Ya
66
y8
23%
22
24%
22%
26%
305
30fi%.
106 /
109 V'8
106%
112
109%
113%
112%
116
114%
117%
113%xl21%
119%
121
120y4
124 '/4
124
1
22
25%
20
63 :
x
251/a
66%:
61%
'
271/2
lUy4
22%
i -26%
66
$5
103
3 OR
%
10"?%
7/,
in-*
U>i%
1 n->
100
106%
109%
107%
108 %
108
111
109 y4
112%
100
110
114%
113
115%
112%
ii5ya
112%
120%
119%
123%
118%
118
119%
123%
7
120%
121
1 •>*>»',
3 *>3%
1 ?5%
120%
120%
100
—
3 24
3 3fi
328%
1.3H
%
1.31
136
132%
136
132%
135%
132%
137
136'/a
141
136% X148%
136%
144
116%
118
116%
117%
116
Va
117
115%
116%
115%
116%
115
115%
114
115V2
113%
114%,
112%
114%
113%
117,.
114%
116
47%
50
47%
52'A
47%
116%
113%
52
51%
54%
50%
53%
50
57%
56%
59%
58%
C5V4
61%
641/a
59%
18%
19'/3
lfli/2
21%
21%. 23%
109'A
llOi/a
*
pfd
«
——
0
(The)——
convertible
—
page
100
100
preferred
Purity Bakeries Corp„—
*
62
!
21%
/ 57%
V:
21%
110U
19%
2174
20
301/2
27%
31%
r'Ar
Yb
;s
39%- *44%
'
13%
__
:
202
_
11.
;
23%
22%
22%,. 25%
202
9«/a
11%
106
106
'
20%
"
10
10
97>/a 101
21%
23%
2Q% 22%
V
x8%
__
Uy4
9%
:
12%
'
£ 22
107%
98%
86
—
64%
83
;
43%
35
107
7J/»
6%
110%
16%
92%
•
106% 108'A
.
198
14%
P
28 :/;/
16%
34%
198
95
25%
20%
33%
11%
61
91
82%
351/2
221/2
X
37%
1"'
69%
56%
"':'A
22%
33%
88%
ey9
10%
95% 101%
201%
201
8%
12%
35
30
110%
10
10%;
59%
31
107
19%
20
8%
105
34%
56
19%
105%
-f.
—
201
>
25%
57%
20%
79
10
95%
94
•
X50%
34
18%
6%
7
71
95
109% 111
28
126
1
9,
26
123% 123% ,121% 124
,54
50
32
107%
73 ya-
68
83
32
-'PP •./'y1
71/2
£ 15% /17%
:'M
13
"
92%
94%
15%
/
__:•
•
23%
Va
-
52%
79 v2
*
iii.'..'-/.'
85%
'102
fe w
19
20
203
8%
99
50%
17 */
8%
31%
31
/!,.v;/6%
'71%
20%,
19
25
20
119% 120
:
49%
;
110% 111%
109% .111,
21%
1
8%
99
32%
14
92%
7% V\ 8
8
75
/
<
87%
10 Va'
';.\hp-***. r'.r'.'
'*»**•
7//
57%
28%
18%
201
99:
69%
■/s,«
95
107
:/'-6
7
-
8%
105y4
49%
—
205
■
10% 1
'
;
6%
82i/a
•>
32
45%
'
19%:
198
z
8%
9%
30%
108»A 109% /
18%
20%;
113
113%;
!•:'
17%
9
8%
91
108
107%
92%-
82%
9%
87
198
.
6'/r
86%
"•
17;:
7
108/
*
8%
96
196
107
83%
10%
8y»
50%
——.
:
%
118%
108 :
preferred .50
_
Gas
see
29%
115
■Sr~:p
110
1614
114
26%
.V-
26%
119%
38%
9196%.':.89./;:-97;«
34
36%
36%
41%
.
8%
64%/; 66%
112
109
29%
106
11%
22%
27%-
66%
-
—
-r
113
15%
120
>
6%
♦
95%
43 Va
;
"
11
»
45
35%
^4%
11%
10%
22%
25%
64%
/-r':1/--'/-.;;56ft. 09%. -v.59%
»'••••
<z
•—
W
-
8%
12%
16
2%
35 y8
35%
38%
37%
35%
33%
36%
108 % >116 % -jxl Q9 ;, >17%
l08.%>.116%.-Xl09;;;,-,il^%/-;.J07%: 117.
36%/
100
25
.26%
119% 121.:/-/ 118% 120
.
-
19
—
footnotes
114%
25%
171%
preferred.
For
111%
113
25 V*
X26»%
17%
preferredpreferred——;
5Yr
28%
68%
27
120
21%
26%
/ 64%
25
48 y8
—
preferred
6Y>
109%
/
26
preferred— ...5
preferred
Pure Oil Co
112
20%
23»/«
23%
111
*
7%
Co
20%
26%
',7'
6Yo
Pullman
96%
281%
28%
,
Gamble
&
24%
110
v
10%
23%
.-.15//
preferred (ser of Feb 1929)—..100
El
46
90l/a
43
90%
21%
:
10%
27
*
Public Service Corp of N J common.
Serv
43%
85
'
—
11%
62%
108
45%
40%
22%-
27%
27%
•
10%
28%
/
42%
41%
29
-
24%
45
49
88%
34%
30%
41%
18-
/
97%;
11%
64>v
11
22%
110
~
30
20%
43
.
24%
.
109-
8%
27%
25
39
112
.
—
18%
87
9%
61-
%
16%
second
Public
29
113
25
26%'
8%
58
58% : 62%
B_*——_—_•
convertible
8%
;
63 /
'
86ya
-
102
'
9%
GO
.60%
15-
21%
107%
27%
29%
107% 107%
29
x9
26% -29%
Car
5%
$5
28%
107% 108
65%
r-5 ;
first
ft
30
29 %
.-100,
convertible
5 Ye
95
72%
—--1.50/
5%
Procter
9%
19%
23%
39%'
104% 115
116»/a
25%
——1
rights
107%
8%
10%
■
class
28%
107 ;
28%
107%9%
;
31%'
43%-
92%
99
;
65%
49i%
Pocahontas——
92
29%
•
Preferred
36%
17?
'21
■/* 110*1'15%'
85%-100%
90
26%
107%
.38%^'
26%
105% 116
106 y4
24%
33%/ 38%
'
75%
—
Plymouth
9%
33%
95%
'
71
,
99
Steel
111
37%
26
preferred class B_„
_100
preferred class A
_____—100
5% Yo first pfd. fuer conv pr/pfd-lOO/;
Pittsburgh & West Virginia——. 100
Pitts Young ft Ash Ry 7%
pfd
_100
& Co
113
33»A
17%-
5%
(The)
99%
26%
26%
113
39
25%;
I'/t
Poor
24
112
39%
15
87
Pittsburgh Screw & Bolt—
Pittsburgh Steel Co
13%
/,7% 1 '6%
"I*128
89
37%
22%
•
Chic Ry Co——..100
gtd cum preferred—
.100
Plate Glass Co————10
Pressed
24%
112
98
35%
18ya
6
Pittsburgh
Creek
84
39%
Pitts Pt Wayne &
Pond
21
81 22%
40»/a
24%
85
preferred-.
151%
47% '/ 43%
15%
38
21%
100
*
—
147
41
38%
11
•
Corp_
'68
13%
39%
10%
—„—„25;
^
22%
65
15%
.13%
40%
78%
16%
(of Pa)—;——«;—100
Iron
—-
5%
12%
37%
11%
Pittsburgh Consolidation Coal
——V
Pittsburgh Forgings .Co__^_——_^_1
Plough Inc
73%
21%
37%
11%
9%
Louis" Ry Coll——IlOO
preferred
Pittston Co
38%
14
Xl8
69
12%
7%
__
65
'
Hosiery———5
Pittsburgh Coal
7 %
36
57%
.
9%
10%
38%
10
Petroleum-«^;>44^-»-^--^--.-•-^,
Pillsbury Mills, Inc——;
...
'4%
30 Z
38%
26 ...
107
8%
9%
:
$5 convertible
63%
-5%
39%
-
47%
64
:
27 %
37%
35
'
9%
106%
106%-
-100
preferredJiii.—
&
109 l/e
29
35
,
*
X80%
26%
76%
77 *■"
•:/'
29
29
27
27
106%
27%
preferred—,
Phila & Reading Coal & Iron
-.1
Rights
Philco Corp
•—
3
Philip Morris & Co Ltd Inc—
10
r; 'New .common :
——.—_5
Preferred 4y»% series_>——.—100 •
Preferred 4 '/a % series---^---—,—100/;
/ 4% preferred ——_—.100
Coke
73%
24%
—
27%
57 f :
connnon—~v»r—*.
St
14%
11%
76
109%
5a
36
73%
23%
C/
80%
69%
4.4%
6 7c
112
,70%
21%
Pitts
112
;
65y*
106%
&
23%
112% 113
' ^
,,91
9%
———*;
preferred
C
26%
•
74 .■72
25%
23
15
/
25%
100
lOO
93
93-
V
1
78
9
Philadelphia Electric Co common.;——*/
C
110
26%
121,
;
31
;
17%
5%
20%
65%
68
116% 120
25
(Chas) & Co Incr—r——■—_i/—■
tirpfprvod
39%
xiio
.80
I08ya
(
21%
.
,8%
•
41%
3%
37%
iio
109%
^:92%ig^32%^35vi^33#x3*&
29%
23%
8
34% X39%
111
72
74%
106% 107%
'
75
107% 109%
33%
39.
;
.
.31%
25 /
7%70
70
30%
34
I
35
39 :
'
2%:, 2%
.
34%
^
^
106% 108
108
109%; 110
9%
.
18%
9y#
Phelps Dodge—^
——25
Philadelphia Co 6% preferred
50
«t4.
12
16%
31%
.
39
:34
>
19%
.25%
^5%
22
22
107
8
—*
Co___„—
,,
-
26%
.
—•
of Amer——5
15
24
24
:
17 y4
-17%
92%
1,92% 100
preferred—^-100
Pfeiffer Brewing
70%
23%
23%, 26
26
63
*63
31% / 34%
34%"';
77 ' *
71%
32%
32%
30:,/a
30%
69
rl;69ll
Co_
Pet Milk
Pitts
32%
_
37'A
33%
37%
37%
39%
34%
34V4
1 37%'
37%
'
—100
,^-33 %c.
Fere Marquette Ry—^.—100
5%
prior preferred—.
——-100
5% preferred ——XU-——100
Peoria & Eastern Ry
Phoenix
10
8%
21%
^
Pepsi-Cola Co
Phillips
87
4
40
T/v cuin
173%
8 V*
29%
■
.
149%
173
28%
7%
Light Co———
$1 preference
60
iff I 75%
.
"64%/ 72
64%, 72
73%
64% v,73%;
19
21%
38
38"
$6
,45%
145%
iOfm
8
.
20%
—.
6%
29%
.36 Z
2%.
.
71%
9.
29%
70
21%
62%
106
1U6
64
'
lob(-2 111 %
lutf% lil%
23Vs
2fi«A
23% ' 26%
1U9I/2
109%
23%
,23%
21%
1
39%
New
67
148
25%
8%
18%
15%
—
.
108
110
'
':44ya
40
.
V2%Z. 2%
30% ;31% : ',30% .33%
23% 26%:
x24%
25%
5%
63
.
/
—
__
110
71
19%
14%
—
r-
$%.*
5%:
,
67.
109
.
109
*
14%
30%
34%
107% 108%
—
20.
20
' 20%:
20%
18%
18%
33%
Pfizer
40%
58
171% 173
,26%
21%
47'#
13%
*
17
—
63
.
.
87%
42 /v
141
8,9'
19%
; 7%
17%
; •
15%
,29% ;32
108; 110%
;
,
61%. 65
109
109%
28; - 31%'
45%
2%
•
—
5%k
-
6%
28%
———
—
67%
109;
31%
7%
/•V
.14%
60Mi.
31%
■
108%. Ill
4%
27%
38 2%
,
:
78
36%
'
58
•;
141%
170%. 172
9%
22%
-17%
89%
41%
43%
11:.
65
95
,
17%
.17%
'6%.
20%
■
__
18%
6
57%
139
170%
20 y4
7%,
21%
57
30
91
23%
-
86
;
53% *51,//
; 132%
129
130
:
68%
28%
'
•
33%
11 27 V 30%
/30
39 l-l
,39%
40% ^40%:
44,^,
03 ;- 55
57
X60%
113
.
.
31%
79
72
27%
61%
109;
•
25%
82
66%
--
01
/ 2%
15%,
12% /-14
27
66%
31 'A /
—
.
28%r 30% Z
33% - 39
~
2%
; 29%
31
29% * 31%
21% "23%^22%; 27%
7%
9
8%.
9%
32%
50
2nd
36%
168
80
77
56%
110
■
30%
27%
,_10
10
preferred—'
4%%
34
23%
76
28
58'
109
s
14%
—
5%-
4'/®
59
61%
57%/
14%
■
■
67%
29%
10%
111%
—
61%
'
60%
110
691%
28%;
'■& 27%
6
14% " 16
57%
66
26%
v
38%
/>
k
16
77
68%
57%, :
19% k,22%
18%
v
'
<.j.
74 /;■/
23%
24%
76 i ; ,77
23%
77
32%
36%
17%
_
26
75
34%
50
%f
22%
■'/. 7%/v
6
,
35%
■
.
v
Penn* Glass- Sand
Petroleum Corp
?
162
53%
166
Pennsylvania Salt Mfg Co———
-10
Peoples Drug Stores Inc———w—5
Peoples Gas Light & Coke_,
—100
?;
i8%
ill8%
33%
161
28 »/4
167%
6%
23
64%
160
-
164 %
19
160
,'iY
164%
7%
157
j,
Pennsylvania
23%
34%
119
r
115
23%
37% "
161%
20 y4
158
n
&
'>i6
:
23%
21%
60
162%
Cement Corp
'/ti
-1-'
New capital stock -.—;——-7 -_r
:'4J*
87 .conv preferred series •
Power
31%
116
31%
141/2
213/4
-112
21%
112%
21%
57%
«
112 *
21%
29%
115%
56/1
57%
*
108%
19%
63'%
53
55%
30%
12%.
114%
53%
••16%
17%
,
111%
57
noya
114
30%
/ 162
54
56
18%
26%
24%
163
56%
;;/;IQ%
111
108
14%
113% 118
18 •:./
20%
118
161
29 »A
109
52
11%
'
:
108%
18 /./
164 %
54
14%
2V,'8
115
27%
162
54%
13%
.
14%
P
: 124
Penn-Dixie
-5%
High
$ per Share
111% 113
58%
32
j
43%
«•/;£■
——
Pennsylvania Coal & Coke
Penn
December
/ Low
*46%
45%
X35%
129 /
_10
shares—
Penn-Central Airlines Corp—-r-—
-
1
,
High
Share
Enterprises
&
(J C)
Penney
•
;/ $
25
■
,
.
38'A
;
—*.
Transportation
&
.
^
Consolidated, -Amer
Penick
27%
49 y4
5
Proof Co————-—.-2.50
Mines
Patino
49%
56
Consolidated Mines——.—1
Rust
48%.
46
108% 107
.JPfcrke - Davis &
Parker
///
26%/ 1/24%
351/2 /v. 35%
:
110% 111%
/—■*/—■
Inc—-w-1"
Tllford
■
Utah
51
-
123%
*
—
28 Yi
163
53%
14
109%
12%
23
52 ■,/
108%
25
106%
17%
'-11'
52 '
52%
110%
.,17: '/
15%
117;
114%
51
11 V'a
13 %
./'•
52%
15%
13?
49
con\*ertlble preferred—.100Paramount Pictures Inc---—r-w--vl
Park
14
13%
./ 4%
Park
15%
15%
_
Inc;
Co
Low
110% 112%
42%
48%
76
13%
32%
-100
26%
108%
112%
18%
160%
24%
.12%
^
preferred.
Paraffine
November
;
High
xllO'A 111%
41
'46%
69%
X651/4
43%;:/-
•
;
27%;
76
/
128%;:
Panhandle-. Prod; & Refining———-—1.
,
79
68%
14%
6%
cumulative preferred——100.;
5.60%
Low
$ per Share
10
14
14
Us
16%
163
23
24
74»/2
64%
lb
122%
Line Co—--*•
-New common
/ 4%
23%
24
;V-4iy4
Petrol & Trans——5
Eastern Pipe
25%
i6iya
44%
•'
Panhahdle
27%
161%
%
157
15i/e
;':-16%-
Rights
Pan-American
/ 'October
High
50%
54
13 y«
110
15%
113
51:/
*11./;,
51%
29%
26%
113
14%
17%
:
30%
110%
114%
15
12%
160y2
—5
2 ya
——
28%
156
113
112%
121 %• 125%
1
Corp
16%
13%
13
5%
American Airways
115%
14%
25
67%
41%
Corp
111%
'ft
34%
Packard Motor Car—
:
Low
$ per Share
'
/ 110%' 111
46M|i
36 1
45%
;
,10
i
27%
14% / 15%
61,
24
Oil——a.——-10.;
•
111%
'/b
.11%
Co——100
Consolidated
29%
62%
£13% £14%;
preferred—.~—u—,100
Western
19'A
25%
16%
23
22%
22 ye
•
'
17%
29 y4
76
Corp
Teleg
109%
20 y4
58;;
48 */
Lighting
Telep
6%
September
High
45
Mills_j.—.—-—,———
Pacific
Pacific
Low
$ per Share
.111
50
10
&io.iwi 11%
52%
52%. 55
13% :;,14. /
13%
14%.
109
107% 109%
noya
19%
18%
17%:
14%
,
51
x49%
50%
,V:,73/av
,/:5if /
50%
13
io9ya
113%
;yr:
37
47%
17
13%
25%
50
:
50
111%
17
30%
7%
111%
15%
155 y2
157
42
—25
Pacifio
Pacifio
36
24%
.
113
14%
26%
23%
46
Pacific
&
110
47%
46
/ 115%
110
15
155
non-cum-————•
Electric
&
112
13%
preferred non-cum
Second preferred
113%
35%
14%.
109%
18%.
Co—-v-—-i——~~10;
Pacific Coast
107%
106%
Inc-^——5
Fisheries
13%
26%
,——12.50
Glass Co—
American
110%
August
v;
High
$ per Share v
3%
52
50
14%
19%
*
Outlet Co———————
Pacific
112'A 113
114%
28% h 32 ••••:••
8%
52
111
108%
'
-100
Omnibus Corp (The)——-—------—6
8 Yo conv preferred A—
t*;—100
Oppenheim Collins & Co_;
.—10
Otis
Elevator———a——*
6#>
preferred-.-/;——
—100
Outboard Marine & Mfg——
5
New common,
—2.50
Owens-Illinois
July
Low
112%
51
://s
8%
7%
17%
Oliver Corporation
4%% convertible 'preferred-
;
:">4
High
$ per Share
3 '/a
46%
51
49%
7%
107%
preferred——100
—*
4.4%
Low
High
$ per Share'
35%
26%1%
—
Northwestern
June
May
Low
High
$ per Share
116%
113%
116'/a
35 ::•=
31%
34%
30
*
Inc
115
115%
113%
Airlines
Low
High
(Minn)—
preferred
Northwest
STOCK RECORD
April
$ per Share
$ per Share /
Thursday, January 31, 1946
%
11
•
•
1/^
49
mi
54%
3 05 %
3 09 '/n
304%
112%
114%
114y2xll7
,
19%
18 y4
/
18%
20%
112%
114 Va
112
114%
311 %
713%
3i3%
315%
1 ^1
107%
108%
107%
108%
107
108%
106%
108%
106
23%
25%
24%
24%
26%
17
18%
-17%
27
24
21
27
18%
%
25%
20%
110
51%
19
105
55
*
20%
107
112%
309
116%
13%
.
20 Va
17%
19%
311%
312
110 V2
112
111
32
111/V
107% X106%
109
108%
109%
108%
109%
24%
26%
26%
25%
26%
•24
26%
V
xl08%
138
110
v:
116%
122
...
22
115%
126
132%
63%
24'/a
Ill-fir my4
108 V'4
25%
109%
29%
29
34'/4
108%
33
112% Xl09%
35
32»'»
11®TV*
34»A
RECORD
NEW YORK STOCK
February
January
STOCKS
Low
.
High
-
Low
Quaker State Oil Refining Corp——10 ;■
Corp of America
A—
18 :
17
17%
12%
10%
12
83%
82
87%
10%
12
11%
12%
.10%
79%
79
80%
X79%
:
Raybestos-Manhattan
I
.
$4.50
cum
Rensselaer
12%
16%
15
86 %
85
10%
10
24%
28%
•,-24%
27 %
47%
46%
49%
45
44
44
44%
42%
12
24%
19
132%
40%
13%
40%'
129%
116%
36%
38
13%
122
119
129%
75 '
82%
-38%
11%
40%
12 %.
13%
126
20%
24%
29%
26
29%
23%
27
23%
27%
82%
18%
25
23%'
25%
24%
99%
25%
27
•
•
v.
%
101
25%
22
25%.
22%
20%
24
20%
24
100
101
100
22%
29 %
'
15%
102
21%
22'%
21%
19%
19%
104%
106
102%
108%
11%
102
106%
105
112%
108%
137%
127%
145%
104%
105%
104%
105%
105%
109
108%
111 -
41%
38%
107
108%
40
41%
43%
'
23
22
24%
21%
25
20%
37 %
37%
37
38%
37%
38
>37%
23%
25
,
48%
.23%
28
25%
28%
45%
48%
50
47 %
50%
40
423a
43
44
44%
46%.
35%
1 36 %
22%
27%
20%
44%
49
41%"
42%
117
18 %
122
117%
69%
23
46
43
124
f
81,>>-
22%
29
t
75
28%
108%
104%
143
83
84%
29
27 y4
28%
31%
28
40%
40%
44%
»A
32%
31%
36%
101%
101%
101%
101%
23%
25%
35%
32
34
32%
40%
39
42
39
25%
29%
283 8
31%
30%
32%
30
101%
101%
102%
100%
101%
—,
23%
20%
X23
21%
v
1001
107 %
79 %
24%
38
23
27%
103
t
i V 85
26%
X27
23%
25
nl02 % 107
126
75%
■•^'73't.;j'
•
V
22% A 20%
20%
22^4'
21%
25%
•
'f
,42
%
28 %
.
25
i
A
125
'
70
'
78%
22
:31
::t
22%
45 :•
23%
48
,44%
18" ,'.22%
24%
v
18
13%
15%
v109%
110%
109%
14%
16%
14%
*: j
18%
16%
18%
15%
105%
100%
20%
"17%
104
100 V*
34
32%
34
31%
.34%
38
39:
37%
38%
32%
38
-
.22%
22
109%
110 %
17%
20
20%
24
>
11
10%
12
11%
16 %
15%
18%
27%
25%
28%
26%
28%
27%
33%'
17%
106
18%
107% X106 V# 107%
21%
25%
24
29%
107% 110
107% 110'/a
22%
109%
106%
108%
18%
15%
32V4
35%
33%
38 »A
39%.
38
35
39%
33%
35%
39%
39%
19%; -21%/
.
1081/*
;
17%.
106 %
.■
.
--
20-
12
21
20
17%,
13%
19%
30%
29%
108%
111%
111%
,19%
21V4
22
36%
37%:
40 t
40%
40 y4
41%
40%
100 % 103 %
103%
20
37% t 39%
39
33%
38%:
38%
39
2iy4
11% f 12%
18%
20%
11%
12
11%
12 y»
11%
12'A'
12%
13%
20%
24%
20y4
24
23
24%
23%
24ya
8%
7%
27%
V
37
117%
*"
% .' 23%
*,35%.; 38% 1
46%
43%
X46 y4 *
104
105
106
~~Vb
24%. 25%
18%
19%
12%.
27 :
17%
j'.V
.26
108%
107
19%
17%
24%/
21%
110
19%
38%
19%*
1/128
-
.
.16%
110%xlll%
23%
:
99% 101 %
*
115
.21%
21
,+
106%
107%
16%
22%
,
20
20%
24%
■,
fU-'
105%
-
112
110% 111%
111%
.17%
18%
1
104
110
110%
15%
—■
107%
-
29
25
10
24%
7%
20
:
24%
11
26
109
14%
110 >:>■;
104
18%
39%
.
11%
24%
105% 106 »A.
105%
18 %
102
'
19%
35
18
39%
>■
20%
16%.
21%
106
18
106%
9%
21%
•
110% /
r
105%
20%
11%
26
22%
110%
106
104%: xl04%
102
104%
101
19%
39%
8%r
24
;
108
106%: 109%
12%
102%
17%
■
-31%
+
18%
19%
19%
17%
19%
18%
20%
10%
16%
12%
12%
13%;
17%
16%
22%
19%
shares—t*~—~
6%
7%
7%
8%
7%
8%
7%
8%
Royal Typewriter Co., Inc.-—-——1
Ruberoid Co (The————
*
Ruppert (Jacob) ——
5
Rustless Iron & Steel Corp———-1
19%
21%
20V'a
22%
19%
22%
19%
22V*
22
25%
22%
24%
23
26
22%
33%
35
34%
39-
33
38
34%
38
37
39%
36 %
39
35%
36%
36%' 4Q
18%
20
18%
20%
18%
21
18%
20%
20
21%
19%
21%
17%
20%
18
51%
53
-45%
41%
46
42
46%
42%
45%
43
45%
42
57% +68%
62%
23%
21%
22%
20%
22%
.19 y4
21
19%
22%
22%
22%
24 y8
23
24%
26
Vt".
65 • ••:;•
21 %
'Mfg Co.—1-
Rheem
■
♦
Oil 'Corp————.
Richfield
—* :
Ritter Co
American
preferred——•
Lead—---———10
Safeway Stores--——w^—*
112%
New - common
*
Seaboard Air Line ctfs wi—
Seaboard
Oil
Scrvel '
:; i;$4.50
i
•
8%
8% 7
10%
41%
47%
7%.
44%
x9%
9%
8%;
112
11%
GO'/a
55
59%
.
113%
Ill
115%
113
114 .115%
10%
x42%
43%
44
112
109+111
• •
108%: 109%;
109% 111
44%
:
" '7
■
.
.
115%"
6%;
.8%
112
112%
109
6%
7%
$7% t 29%
.42%
47
23%
25%
8%
7%
(The)——————5
109 i..
110
23%
7%
100% 106%
19%
43%
48
—
__
108%1U
.110%-
109
109%
23%
28
8%.
56%
7.
.
7
99%
17 Va
113%
9%
10%
17
77
90%-
14%
71
13
14%7
76%
76%
14%
13%
60%
67%
59%
63%
27 7,
26%
26
<
Coalition Mines—
—5
CoA—a————a~A# Simonds Saw & Steel Co———.
*
Sinclair Oil Corp.-—*
8%*
23 Va
90%
-
18%
~5y8
.
23%
21%
23%
22
23%
23
27%.
.25%
27%
2654
45%
.
44
46%
46
48%
56
51
X21%
22%;
23%,
110'A
11%
ny4
56%
M
46
106 7
108
52 >/4
52
112%
111
111%
112
?
Xl06%
'
7: 53
57
111
111%
111%
.
•
20%
A
91
95
.,'
113
112
8Va
32%
69
30%
10%
12%
137 Va
16
U17%
14%..fi.
14%:
65%;;
63%
27%; 28%
18 Va
7%
;;
20 Va
.
.
92%
87 y4
:14%
.
23
28%
26%
28%
7%
5%
7%
5%
6%
33%
38%
35%
41%
37
31%
34%
34
x35Va
16%:
17%.
16
53%
47%
59
28 y«.
25%
,63;..
27%
6%
: 60.:;/
7%
6
6%
5%
64%
26%
40%
34
17%
7%
„
27%
6%
36%
38%
34%
37%
35
34
36
33%
35%
33%
17
16
17%.
15%
16%
14%
52
48
53%
49% :
43%
6%
,
52
51%.
62
18%
16%
18 y4
17%
18%
16
17%
15%
47% ;
17%
45%,
16%
23%.
22%
24
22%
24%:
23%
23 %;
23%
23%
23
59%
76
63
64%
71
66%
74%
60 A •;
67.:;;:
;
30%
14%
35
17
:
5%
30%; 31%:
31 X
34
30%
33%
15%.
16
17%
13%
Inc—13
4%
American Gold & Platinum——1
15%
>7 8
5%
:
5%
+
4%
:
42 Va
160%
—100
22 y4
21%
22%.
46
44%
42%
162
161
40%
.
38%
44%
39%
44%
32%
Southern ''Pacific-Co---—-—
38%
35%
39 y4
37
■■
28
18%:
.
30%
27%
t.19%
18
68%
75
71
80%
81
-L—1
11%
12%
14%;
■
.-
$5
...
preferred
■
;
prior
prior
$6
••';.• $7
Standard
•
*
preferred^.—L—w—ipreferred——•
*
Standard Oil
Co
(New
Oil
Co
Standard
Sterling
New
Spring,—.————-1
Steel
Starrett Co
(The L S)_——
Drug
——•
Inc-————— t—10
preferred
Corp„—.—-t_5
Stewart-Warner
&:
Webster——-it
Studebnker
Sun
Sun
Oil
Corp
preferred
Co—
For
footnotes
49%
53%
48%
51%
::'v;51%;
52%
50
80%
67%
76%
73
79
77
89 »A
88
89%
88
90
90
15%
13%. 16%:
16%
18%
13%
,13%
15%
.14%::15%ti
6%
7%
7%
8%
i#tf%/v,8%;)
U
12%
12%
86
84%
7
.
12
7%:
.8
12%
,
"i
90%
v
>
85%
83
18%
21%
11%
83
87%
86
32%
36%
37
38%
36
28%
30%
28%
30%
28%
12%y
16
20
60
59%
72%
84%
84%
85
95
91%
9254
90
34y4
38
38%
40%
39
4454
43
44%
42
29 Va
36%
32%
35
36
27%
30%
30%
33%
33%
35%
3354
35% t 34%
63%
67%
64%
72%
70
.75;.
68%
74%
74%
8354
79
68
57%
61
52%
15% te 13
15% f:
15
17%
15%
17%
13%
16%
14%
79
84%
79
87%
88 :
92%
88%
90%
88
90%
87
17ya
91
43%
39%
45%
40 y8
44%
40%
43 Va
40%
44
115 y4
113%
115%
112%
116%
59 :
64 :
62
69
90% /;
•44% it.
•:
52 Va
12%
%t
;
,
10%
-19%
84%
37%'
;
f\
■•:; 9154
17%
13%
60% <
87% I
20
9
t-t,;
:»6i%'.
55%
92
-
13%
:
58
58 %
18.
10
14%
62 ' •:
12
60
37
_i
14%
7954
7854
38%
58
61
111
112;
89
t:t
43%
60
,
52
61%
ya;
39%
115
;
,
58
55
f
V
,
WA'
113%
54%
55
,
:
56
:
."54
v
50
54%
110
67
x54
72%
63%
1654
6754
.
•-.;.
110
iff
109%
110
108
110
108% .110
111
112%
111
114
107% 111
108%. 109
30%
m 113%
.
114
;23/4-
75'A
73
8654
3%
85
46 %
48 %
77%
136
2054
95
59
52'
138
80
.
29
32%
30%
114%
11454
114%
3%
6%
4%
5%
t; 70%
'
108%
112
78 -t
34%
34
72
7554
t 81%
113
•
86%
v
554
37%
114%
7%
34%
33%
113%
6
37%
74%
79%;
9254
89
36
38%
3854
41%
114
11554
113%
6%
8%
7754
8554
36%
113
113%:
v
113%
86
107%
86%
87%
84
91%
98
96
39%
43 54
40%
4454
415a
4554
42%
45%
3954
4454
38 %
3354
38 3 4
•35%
38%
t. 3654
3854
37 A;
3954
13654
3854
6054
56
61%
6354
X62%
65%,
61%
66 Va
58 Ya
63 3A
56%
52%
5954
53
90%
58
58%
22%
9%
11%
10%
3554
3854
12954
137
;
3654
12 'V- A
10
;
12
36
:
••:
3854
X67%
6354
.
'
■
«:
2354
13054
136
3754
64 Va
57
55 "?
AAtif: A-': CAi ■•■;
133
10% : 1154
38
35%
67%:
6554
10954
73
V-
2054
127
2254
130
20
22%
13054
114%
654
15%
101
:A94t.; 107
97
105%
.110
4054
4254
1854 "
A
17
12 34
1954
18:,4
11%
1154
22
22'/a
5
•16
:>;- 1854
.v
12
15 54
15
-
19% V,
14 -A
2454
49% A
t 40%
4354
4054
6854
2054
23%
2354
27
x25%
26%
10654 108 y 10554
1754
19Ya
1754
39%
46
41
1154
■14
1254
14%
13
3554
38
34
15 y«
16Y8
39 V*
38.
75%
•3754
1754
1754
19%
39
39
41
:
5754
12454
6 54
(•
59 54
127
•
7 54
76%
3854
3454
3454
37.
39%
3954
44
•
102%
175'a
2054
1954
2054
1754
12%'/
1554
1454
16%
15%
15%
1854
19%
1854
19 '4
19 A
1974
1954
2054
1954
2054
1954
2054
1154
1354
1254
13°4
13%
15%
13
1554
13 5-4
15
24 Ya
,23%
2954
25 54
2 9 54
2454
2754
-
2254
15%
23
26%
t
,1954
20 i t
20
.
14%
f
26%
29%
4254
10134
4254 "'41"'
X41%
45
106
103
10254
22%
2154
23%
24'/».
22
2554
6
21
21
22
1734
1754
30%
2654
18%
30%
v
754
57'
61
124%
127
754
654
6%
654
654
654
6%
-
t
t
20%
47;
105
654
' 124
*
ik
6 54
.
60% ; 66
121 v 123%
554
654
67%' 73
11954 121%
"
23% :V 28 V*
X21V*
2554
22
22
18 Va
24
19% t 22%
27%
30%
2954
■
16%
60
-124%
5 54
44 54
106
2254
A 2154
•
59:
54
25% t
2754
23%
__
59
-
107
23 «4
t 2154
■
12554
4454
68%,t
2454
1654
1654
109
•
-
;
65
.
,
V;'yA+.,v'v,,^.
1354
t 2154
46%
65 v
11%
+
4754
;
1834
..•
44%
V
y
68%
37
1934
134% A
43%
1254
1954 X2154
121
126%
6254
2154 V
19
%
2154
11454
1954
20 Ya
11654 119
213/4
U
'
1754''
117.
13154
62Ya
10154
1234
107
119%
-
119%
45
49% y
2654
3354
38% t 3754
"
17s4
4254
49% '
113% •115 ty
46
113
113
"1054
116
113
-
6054
3754
•'7654
11354
81/®
46
::
36%
1054
kTI
42
6l34
3654
3554
t
:
4054
"'.•'•t;-.. W
2154
12654
t
46%
113
110
4154
113%
454
"
4254
122%
115
.
;
110%
'
7%
6%
57 34
7954
* II
109
110
109
s
8 Va
3654
92%
II
lit
II110%
—
39%
53%
'
61
145541
„
108
5934
124
97
133
99% 110%
100
23%
39
10854
3654
16
5154;
77
84
2254
99%
r
4954
11954, 119%, 124y4
108%
40%
66
:-90
10854
3354
6254
18
90%
115
92% 101
39%. 43 Va
3354
377/a
1185a
19%
88
107%
11454
32%
114
3
107 Ya
t—'t
30
$7%
38»4
17%
9054
44 54
:
113
111;;
'
17%
87%
40541 45%+
110% 116
66
78
109% 112%
+114%
111
110%
113
39
.83>.t :v
57%
x56%
i|
62
a
-
"
*
28
,
114 /:
111
•
111%
;i5%
37%
1143A
:
31%
:
<:
15%
„
%.
113'
1
623.
90
19
8%
13
14%
13%
i
X79%
80%
i
X17
9
8%
8%
14%
:
14%
12%
:
13%
: 58%
(454% cum)___100
24%
i_—1
—____—-—i.-—
page
37
2154
72 Va
61%
60
-i—
:
se«
35%
23
88
55%
series A——t—
—J—*
Class A preferred
Sunray Oil Corp
37
t;. 21%
51%'
88%
49%
Corp—_—— 1
Chemical
$4.50
35
23 Va
81%;
11%
t't/t
tt:
.36.54:
78
80%
85
7%'ys
36%
177
176
-
Sj
•
wS&i
•
21%
84%.
72
83
180
;•
.
18%
5%
154
tV
38%
*■
31%
60
■>
22%
96
34%
43%
;
,,m-
179
J76
63 a
.32
,
65%
22 ' l
45%
39% ,;:46.v
5354
Stokeiy-Van Camp Inc.-—
1
5c!o prior preferred -————20
Stone
;
89
77
135%
50
79
-
v,
30,
soy®
.83%
.
.
S-V 4%
32
X74 V4;
44y*v.;52%
38%
36
17 y4 :16%
:
S,
23%; i t
■
35
31%
20%
49%
42y»
: ' 55
'
43%. 51%+
.47
57%
'
,i
16
.
45%
179,
i
34%
:
24 Va
47
4854
_100
—
177
.
,73.
„
t 5%
4%
-
:
49%
———A—^..5
common
.3%'&
'47%
;>5%.
25%
48
'
.
V4%
•
.44%
;
.22
48%
49
——
,34%
.
,
,
21 Ya
8554
33%
31%
18
47%
common
'4
3%%
■
_
i.+—*_i.
preferred
:
100
preferred series A___—A—100
New
4
_
87
35:;'
75%
40%
-17%
.15% ;.16%
56
(Ohio)—
Standard
Jersey)
■65 Va
46%
44%';
%
42%
38%, 47%.
,86
•
479
30%
20%;
32
78 3/4
—
California (Del)^„ —*
(Indiana)—
,i- I25
of
Standard Oil Co
32
19%.
28
*.
.
86
18
23
43%
463«
39%
".'+12:15%
85
19%
2354
•
31%
1654
••
6%
13%
i
■
177
3oy*
31 %
A21
35%
$4 pfd— A*;' t; 254
& Electric
Oil
w
20
43%
178%
173
171%
30%
20>A
17%
23
'
2754
/•--;ti;
Standard Brands—.i--——AfvA $4.50 ;• preferred——;—.
Standard Gas
80
•'
*
30%
-
7%
■
12
8%
9%
i.::
—-—i-——
preferred
19
164%
165
29%
i
;■;
12% *;.
.
-
'
18%
23%
.65 : .68,,
•■
48%
3354
12%
*
preferred series A——„—
$4
20»A
,46%;:X51%;
58
17 Va
22%
48
;
4%:: 'St: 4%
4%
21%
20% i 22% S
5
22 v
51%
35 y8
i*
-i--— ii—
156%
30%
20%
46
48
18%
•23%
16%
;
16%
.
,2954
,
.
•
common
.47%
.
4%
-
14%
16 Va
27%
33
■
*
112
preferred——«AAA:
Square D Co
——A——-— —I
5% convertible preferred-;—---- 100.
Squibb (E R) & Sons—^-VA—
$4.25
7%.
■'?'}
__
Spencer Kellogg & SonSi—ir-i—
(The)--—
Sperry Corp
*,
:
Spicer Mfg •, Co--—A-*w-—.
; $3
I-*;
convertible preferred A
—
■
7%
7% K 9%
Spear & Co
New
12%
6%
Sparks Wlthington Co (The)--—
$4.50 conv
,41
.
5'A
23 :
85
Bl%
——
/
18%
4%
13%
73%
82 ;
series A_l—-—ii_
42
159%
14%
.16%
22
23%
y4
34%
,
16
'''
64 %
80%
i_*
28
41%
.
5% non-cum preferred—-———100
100
Mobile &> Ohio certificates—A—
$2 preferred
155
165
163
.162%
28% 30
18
X19%>
39
43%
26%
f!7
—.-7.50
22
22%
40%..
45%
32
.
; 4% ; 5 •:
5%
21
21'
•
17%.
x4%-
'•
2iy«
5
*
Southern California Edison—--—.—25
•
;
L
*
70
T
<10%
19%
22%
,62;70%
29%
32%
11
8%
16%
19 y4
23%.
.
29
8%
•;
22
;
•
17%
-54%
■
30
7%
7054 • 65
35% ; 31
16%
16%
.,A7;
27%
J
61
.
16%
22%
16
67
15%
v
36% ;
.
62
„
77 %
!
39 54
18%
48%
:
19
Va.
23%.-
4554 '; 4254
18%:
17
22%
..
••:;,
28
99
«
Vt14" '77 Va
44 Va
23
77
: 20
•.
,79
■
39%
53%
.33%.:
78%
42%
16%
48%
98% :> X9554
2554- 22%
20%
43%
23
31%
t:
.42%.
47
15%
94
;
•'
'
21%
24
38
17%
54
25%
24%,
113
r
38%
23%
31%
54 :15%
41%
,
46%
48%
16
22 %
37%
39
15%
30
11154
y4
36 ;■
41%
—♦
:37% *■'
24
23%
;-2i%
7%
.25%
7%
24
.23%
74%
20
67
;
14%.
t'i/A 35%
40
112
77%
76 Va
;27%
61
63%
Skelly Oil Co-r———A.——-——15Sloss-Sheffield-Steel & Iron---—20 •
•
11%'
9%
18% :: 21
At $1.20 .preferredA.--!--——
Smith (A O) - Corp:.——————. a.10'-
49%
100
92 Va
19%
20%
30% t
21%
25'/4
93 Va
16%
.
35%'
:
9%
17 Va
: 77%: 77%;
79
;'15v / 16%
60%
67%:
25%
.
22 Va
89%
17%
:
8% t
Wa
37
7154 ' t
67
•28
t 110%
25%
111
107%
:t 24%.
22
31%
:
•
62
7
38%
2iy8
113
;.,7%
8%
90%
13%
78
7^ ,76%
.lSl'a" .16%
23%
108%
113
13%
A-
10%
111
V
144
35%
21%
21%
19%
112%
88 Va
.
15%
8%
-
57
111%
111
26%
15
Spiegel Co Inc.:
111
106^
5254
110
65%
17%.
A—-——
61%
109% llOVa
till
11154
29
33%.
$5.50 preferred
106 A
107%
•
55%
: ;
27
15%
Spalding (A Q) & Bros Inc__
124%
65%
30%
Rayway-CP-——f
14%
85%
3) Vat
16%
-
58
111
;
'
8l/a-
114
-
94%
I 8
9%
129% 140
8%
23%
203/a
94
: 76
=
.
21
;
27%
12 5 a
24 Vt
15%
Southern
113
24%
22%
118% 130%
113%
23%
89
•;.'
*19%
n 9 ;r
75%
37%
6%
30V4-
''.•'.•55
13
.
106
107%
111%
31%
Co
t; 85
106%
112
.
25%
7%
8%
112%
22%:
:•
:
121%
't..
13%
74
59%
-
7%
114
22%
26%
114
14%
12%
75% u
13%
-
.
.24%
.
A: 75%
14
75
59%
+
y4
20%
22%,
28%
36
34
«' "■
24%
114%
11%
88
56%
108%*
36%
Natural Gas
"tf
27% J
:
112%
55
77'; 56
;,Tll%: 110%
33%
preferred
25
V
.
.
i2%-
45
.49
23
728
112'A 113%
11%
13
113%
31
8%
29
60%
32%
• ■
12%.
29%
21
112%
48 Va
122
8
i;
85%- 91%
78%
13% :;15:;:
Vl5%^;
20
22%.
9
.
111%
22
Vl2%.
12 Ya 714%:
75%
;
21
22%
113
8%
9Va
9%
85
80%
75%
v ey»
Silver King
Southern
1054
2754
4354 x47 V
20%
!'
111%
26%
23
7
113
113
18%
21
13%
G>—__—-————*
Sheaffer (W A) Pen CO——
-*
Shell Union Oil—15
(P
8Va
V
7%
18%
21 Ya
112%
18
13%
■
7%
102% 107%
103%
21%
77877785 Vt
Ss Dohme—
A A—* ■ %ni i-*»*■ <» »■>■)»»»« —> — f
f t
>
$3.50 convertible pfd series A
—* t
Southeastern Greyhound Lines
South
Porto
Rico Sugar———
11%
29%
-28%
45%
.
18%
31
47
30%
110 y4
108% 107
110%.112%.
,
23% 24%
7%
7%
105y4 122%
25%
24
27
8%
112 y8
20
10%
16%
Sharp
South
^.7%
.
30%
102 y4 105%
21%
"9
Corp———1—1
i
■-Sharon - Steel Corpw—---—.———* .i
$5 convertible preferred—* 7
-Socony Vacuum- Oil Co
16
26 Vs
20%
+
112%
10%
107
108 7X105% 106%
47
51
4.7
50%
111% 112%. 112%: 114%
109 %
108
45
112%
:
-
112 V#
Smlth & Corona Typewriter-.
18%
27
65%
preferred
'.■Simmons
,
8%
29>/a
48
.
-
42V<
407;
10
712%:
66% g 57%
110%
;12%
68%
10 %
56%
—100
Shamrock Oil & - Gas
Shuttuck
ily»
47%
9%
42
113%
common
—*'
Inc_——————————1
New
.
'
8%
:
13%
22%
-S
.
114%
112%
108%
42%
Roebuck ts Co—-—-'———•
Sears
59
44%
106
Delaware
of
Co
Seagrave Corp
.
——
preferred series A wi
5 '!o
56%
112%
—
preferred----——-—;———*
$4
7%
41%
*
preferred:^;,——AAA-
Scott Paper
$4.50
44%
9%
.
38%
preferred^—*—100
554%
21%
A-2.50A
■
■
521\
114%
8%
Savage-Arms Corp—
-5
Schenley DistHlers Corp—;
52 SI
37%
57%
54%
-
t
40%
i-37
preferred—-—-.--—-——100
5 'U
11%
22%
—.
convertible
$2.50
: 12%
'
■
St Joseph
i
12
Antelope Copper Mines—
Roan
:
38
39%
20
.41%
■
•
37
36%
31%
;
103
14%
preferred series-——-100
18%
104%
21
25%
110%
t
109
109%
16
13%
101
15%
98
Rights
15%
36%
28% ]
22
9%
8%
22
107
108%
107
t.
107
h-
27%
24%
UO^
87%
————lQ0t
109
X109
14%
103%
,
..
17%
105%
46
101
13 %
105
.
Reynolds Metals Co——_——*
554% convertible preferred——+—100
Reynolds Spring Co————1.
Reynolds (R J) .Tobacco class B____ 10
■: Common <
10
24
,
14
18%
29%
26%
28%
100% 101%, 100%
26%
19%
90
11%
33
,50
28%
21%
27'A
27
22%
101%
102
.97%
20
18%
25%
16%
87%
21%
38'%
118% 137 v
75 :'t, 82%
%;:
77
+71%
70%. .75 ''•
22%,
18%
.•;'7l' "
>
''
17
119
19'7-.
79
22%
;22%
12%
12;
.
17%
90
36%
23%
129
46
15%
88
19
45%
29'A
43
22%
16%.
90%
97%
104%.
35%
45%
23%
45
18 %
33%
23%
35
,
19%
104%
101%
97%
37%
8%
9%
103
t
38
18% ...•18%
36 Vb
36%
-
8%
'.18
18
High
$ per Share
15
.89
12%
:
Low
High
$ per Share
87%
16%
85
10
36
39%
17%
24%
75'
Aviation Corp_—f—— 1
Republic Steel Corp—;
*
v. 6% convertible preferred
—100
; "G'/tf
conv prior pfd series A
100
Revere Copper & -Brass--———i—-,
Class 'A———AA—---A—---——10
3.60%
13%
87%
101%
37%
35%
16%
17
16
'
December
November
Low
High
$ per Share
12
104%
18%
36%
17
Low
High
$ per Share
86 :
96%
97
94
97%
16%
16%
16%
Low
High
$ per Share
13%
8%
t
39 t't
20%
—
preferred
1
9%
8
17
Low
October
September
August
:
High/
Share
$ per
87%
I6V2
Republic
5 »/♦%.
11%
35%
43%
46
36%
Saratoga—.—————100
——A,-l
&
12 %
86% •■■'85
19%
.
35
35%
118
Inc——,——
Reo Motors Inc
16 '
11%
1
preferred——A——li—25
11%
37
35%
19%
36%
Stores'. Corp-—i—'
Mfg Co
——10
Remington-Rand
37
16%
19% X24
7% cum preferred--————100
Rels (Robt C) & Co 7^ cum.lst pfd 100
Reliance
35%
17%
i;
44
-
Reliable
;
16%
84 V'4
8%
94
35
5
Hosiery Mills Inc.——
94'
99
36%
34%
4'ic non-cum second preferred——50Real Silk
92%
16%
»•
Reading- Co———-—-A-—A-———50
4i'o non-cum first preferred———50
.
94%
34%
lnc.AAA*AA^
preferred———————-——25
$2
9%
98%
7'/®
9%
8
17%
X16%
17
Low
High
S per Share
104%
;
'
9
9%
91
preferred
100
Ralston Purina Co 3 3A5V preferred-100
convertible
Rayonier
16%
July
June
'
Low
High
$ per Share ;
$ per Share
$ per Share
78%
8%
Low
High;
15%
first preierred«-^-r—_-.*
Radio-Kelth-Orpheum Corp—
1
6%
Low
A
i
3Iay
April
$ per
,
16%
Radio
$3.50 cum
it.
High
Share
,
$ per Share
15%
;<■ 3Iareh
Low
High
629
FINANCIAL CHRONICLE
THE COMMERCIAL &
.Volume 163 L;Number 4460
6554
120
654
'
7354
123
8 54
3354
1854
109
6654
72
12154
123
8
t
954
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Thursday, January 31, 1946
;
NEW YORK STOCK RECORD
«'■
w
i/
.
.
Low
High
$ per
Share
11%
25%
11 Va
12
79
86
84 > 121
99%
25
29
26
31
25 V2
33
$ per
1
10c
Superheater Co (The)™-*
Superior Oil Co (California)
—25
Superior Steel Corp
—;
100
Sutherland Papei1 Co—™
——10
Sweets Co of America (The) Inc—12 Vz
Swift & Co'
———25
10%
Co___
Swift International Ltd
X23%
34
35
33%
20%
18%
19
31%
33%
33%'
35
32%
31%
7%
9%
9>/a
7%
54%
7ya
8%
Tennessee
Texas
10
13%
16
100
*
30%
38
> 18%
Producing Co—:
Texas
Gulf
SulphUr—
Texas
Pacific Coal &
Texas Pacific Land
ctfs
Sub-share
Texas
Oil——
_——
Pacific Ry
&
>
—
Manufacturing
Thatcher
—
36%
38%
9%
Timken
Roller
'
*
v
38 y2
38 V2
42
42
23
23
16
16
13%
38%
15%
41%:
41%
38
38
18%
17%
15%
55%
9
9
•
•
::'
,
99
99
*52%
47%
1% "5%
4%
5%
"4%
4%
"5%
5%
"4%
4%
5%,
**5%,
32%.
37
33
35%
16%-
18Va
9%
9%
11%
55%'
55%"
54 y4
54%
55%
557/a
10%
10V4
15
15 Va
11 y8
llVa
14%;
14%
15%
14%
i4y8
14%'
14%'
53%
49%
52%
52%
50%
17%
20%
105
107%
107%
10%
11%
28%
i
54
54
prior
City
•
*
*
Corp
Preferred
Oil
4%
Tank
4%%
5Vo
United
5
100
Inc.—
Carbon
United-Carr
_•
Prior
$3
•
Corp
66
26%
—30c
*
preferredA-i—
United Paperboard Co„
—
;
_•
S
preferred
:
:■
12%
36
34%
94" :
51%
Stores
110
•;
;
A
■
53%
57
11%
10%
11%
15%
14
45'
-
,
41
40%
61%
46%
54%
47%
18%:
19%'
17%
,19%
16%
105SM05%
_W
—
W
::'
-
—
—
41%
38%52
44%
54'
_l
V
12%
12
40
0
i
*
v{
14%
37%
i
~
•>.
21%
23
12
54%
i
v
■>
23%
22%
11
19%'
110
110'
58%'
48%
51%
31%
27
16%-
•
10%
51 y2
51%
'
>30%'
30%'
19%
16%
55 Vz
55%
48 Vt
48%
20%
53%
24%
24%
24%
31%
50
'50
22
,
21%
28
16
17%
63
17%
■
56
61%
58.
106%
59
62
.7%
54%
52
59
21%
21%
23
101
43%
102%
45%
43
58
102% 106
44%
49
64
*
60
64%
53
.
—.
58
105
106
106
50%
60%
25
,'Aa>
aj1.
.,
107%
46%
,
66
59
21%
2l%
*
-
—
>
;
10%
12%
11%
11%-14%
15%
18% >17%
17%
19%
66 %
56%
•56%
66%
*6%
65
HO
112%
111
112%: 111
112%
6% V;9 »
9
8
9%
-
108:
.6%
48%
18%
19:
—
57%
105
:
14%
64%
•
>
.
•—
107%'.
46%<
46%
52
61
65
18%
:>
23
X28%
30%
27%
32%
105% 110'
35%
126
'
'
r
112
,73%
29%
IOWp 11%
Co_
,r26 ■;
28
112
IT
31
29%
30'
'
8%'
*
10%
22%
23%
23%
1%
1%.
7%
24
1%
3
22 "
:71
9
8
i
;>
71
81%
81 '
78%
88%:
78
84
78%
11%
35%
13%
12%
12%
12%
11%
13%
12%
13%
14
16
39^
35%
39
43'
89%
94%
92 '
17%
*
16
22
26%
107% 109 >
107% 110
,
>
6%
23%
27%
107% 109%
.
6%
8
7%,
6%
6%
108
106
106%
105%
13%
17%
106
14%
108
,
104
105% 106%
_
'
_
106%
16
106
18% '
16%
'>16%
18%
77%
16%
16%
81
81
26
.17%
-19%
>:
8
—
'
—
14%
108
106
•
—
18
15%
105%
w'*
5-1
86%
184
186
190
>>17 ;> X23
*23
,17
15%
17%
88
191
15%
>84%
84%
'
91%
190
192
53%
53%
52
47 >
47
> 44%
9%
"9%
6%
34%
30%
113;
113
112
113%
49%
7%
'
10%
8%
10%
:ioy2
>
52%
10%
ioy2
io%
10%
38%
38'A
'44%
44%
55%
48%
50 y4
49
55
50
52%
-5 '
35%
35y2
112
112
9%
58%
10%
10%
10%
10%
io%
\42%
42 Va
>
partiq preferred
Power $5
3 Va
; -
60%
57%
"2%
53%
160%
3
,
"2% ,"3%
I
59%
54%
159%
157
156 y2
58 y4
65%
81
2%.;
60%
67%
61%
68 Vz
143%
138%
142
25%
26%
50
140
143%
24%
140%
26y4
148%
eoy8
63%
31%-
24%
25%
50%
47%
48%
47%
50%
47
4%
?/. 4%
5%
4%
5%
>:• 4%
> 5%
4%
102
5%
4%
5%
4%
5 :•>:
161%
:> 59.7
66%
'
71:
•'
82
80 >,
103%
>16%
:
102
19 y2
7%
'
45
7%
76%
104 y2
7%
5%
101
2oy4
6%
page
%
72 Va
65%
71 Va
148%
26 >•
48
5 >:
4%
7%
,
X48
>
■■>
"5
>
6%-
148%
23%
26%
25%
47
4%
151% '
150%
26
>
>46%
47%
5%
6%
6%
>105'A
17%
19y4
105%
17%
114%
19 %:
110
7%
114
17%
>6
110:';
17
19%
--
.
.
-
46
50'A
42
35%
50
>
55
55
50 %t",
50'A
56
52
52
•
67
,
57
57
62
67
40%
24%
27%
'26%
46
47
48 V2
7%
9%
9%
87%
85%
79 y4
82%
154
149 y4
160-
27%'
8'A
.,
32
27%-
30%
47%'
28 Va
ey4
'77 Va
86%
88: >
77 Va'1
69%
175
69%
'M 76%
150 %
47%
6%
5% it 7%
66%
168%
"170
86%
82%
156
47
5%
71%
69
89
75%
148 7/a
6
5'A
86
75%
v
V : 6V'a
167
':''68;;>. ::73>>:
•
150 y4
70
47%
47
71 -
4%
73%
176
.
44%
65 Va
>
68
.
39%
41%
160
•
87
85%
x25 Va
23 Va
;
39%
3%
145%
72 ■;>
150%"
143
163
64%
85%
64%
69 Va
63%
160
66% •
80%
"•
3%;
27/a
3%
113.
.
18%
80 '/a
178
45
93%
184
:
6%
7%
44 y2
45
86
91
178
>182%
16% > 6%
42
44 >'
44
86
95
90%
180
182
6%
>7 185
8
46%
.
93%
187
>
6'/a
43
111%
17
110%
'86%
186
28 Va
26%
27%
24%
23%
26%
24%
28
7
50
49%
50%*
7
•;•>
7y8
8y4
*
26%
14%
13%
32
14%
35%
13%
15%
13%
15%
34%
37
35%
39
34%
36%
35%
38%
36
37%
33
36%
13%
15%
13 y8
14%
13%
15%
15%
18
16%
18
26%
45 Va
46 Va
85
186
186
189
8%
11%
16%
121 »A
8%
92y3
195
34%
24
13%
33%
33%"
26 Va
28%
27%
14%
15%
15Va
18
39 Va
38
40
40
48
lh'a
'
22%
52
>94%
97
188
200
41'
>
196%
;,.
48%
301
34%
'19%
22%
34%.
17%
20
46%'
50%
46%
22%
21%
.
>
110
50
28Va
■
.
25
>8% >: 9 }.(
49%
34%.; 47
29%" '
15
xll3 >
'23%
99%
>
25%
•
118
21%
a 7%
•47%
190
28%
29%
25%
50
;"> 93 »/2
96
90
90
186
45 V\
24
8%
16
23%
13
-
7
117
>117 >;
6V2 "
23%
27
14%
> 23%
.
7V2
10% ' 14%
10%
,?0%>>20
6»/a
184
91
'
45
43%
187
114 >114;
18 y2-
18%
:
45
28
117
7%
6%
13
.
6%
108%
6%
.
50
117
14%
15%
51
49%
51
49 y4
52
49
51>A
48%
51
91
87%
90
86%
90%
90
90'/2
92
93
100
90%
91
91
91
24%
25%
25%
28%
4%
4%
5%
67%
64%
69
120%
123
X92%
92%
91
93
92%
X26%
28%
27%
33%
27%
4%
3%
4%
4
Vz
66 y2
60%.
64%
62
120%
122%
119%
121%
•
3%
60
119%
49
50
49
50
95
98
97
100
97
98
101
100
101
32 Va
28%
29%
4«A
7ya
Vz
4%
66%
120y2
63 Vt
73
118%
121
.
49
93%
95'
.
51
5
28%:
6%
4
,.T67/a"
'
15 V4
57 Vz
64%
16'/a
64 >
~
92 •;>
95
99% 103
104
104
99
98
103
103 :
51
56
90
91
95
95
96
29'%
32%
32% ' 35
71.
,
'V'
66%
24%
71
-
100
27%
5
17
16
93 V2
29%6 V4'
64 Va
68 V2
60
69 %
118% 120% Xll8% 121%
27'A
6"
26%
.
•
42J/a
82
185
.
17%
>:
46'A
180%
•
—
23%
24%
'
17%
121
.
165%
.60""
81%
67
22%
118%
.39%
52
109 '112
9%
13%
.
52% ..67%
162
15%
59 Va
17%
46% 52%;
105% 114%
22%- 24
105
.
36%:
2%
3%
58%
168
80
:
69y8
149
170
64%
83
145%
2%
52 ;>
57%
164
69
80%
x65
25 '•■>;
:
28
29%'
2% Hi 3'A
6i%,;
3%-
57
83%
64%
14%
83-
—
52
29%
50
27%
>
162%xl67
64 ' >:
79%
65%
85
r;
59%
80%
20J/a
,58
47%
29%
12%
'76%
16%
59
30
207/a
102%
.25%
,
'
103'/a 105
105
^107% 106
.107%
20%
22
21%
24%
23 ' 28
23% 26%:
97 *104 > 100
107%
> 99%. 103
-104%-115%
190y4 190'A 195 >195% ; >195% 195% 195
195
: 18% - 22
21
28%
28%
34%
30. • 34%
,51% >53%
53
.■ 59%
59% .> 70_.
6»».70%;
48
51%
47%
51%,: >48%
53%v 49%, 55A
8%
9%
S%
10%
9
10%
10% 12%
34% 35%
34%
38
35% 37%
36'A 39
>\;;
;y... WW,>-->>; rrsv > r~^ :
13%
13%
16%
12% ,14%
13
14%
}J%. 15% ;io% >11%
10%
ii %
10% 10%
io% 11%
10% 11% ,ioa>iia,
—•
'
60%
162
49
50
25%
100
■
—
.
13%
pfd—100
*103
106%
*
.
44 Va
44ya:
47%
28%
54%
75
4
104
-
18%
19%
,106
13
,v
25%
4%,
5
47%:'50
—
—
-
—
16%
17% '
10%
35%
4iy*
107% 112
9,%
10%
,
36 >
25
.
,
,
—
82
32%
,
.
47%
120,:
22
45
109%
48
110%
-
__
14%
W
19%
86%
25%
22%
*
—
16%
107
'
8%
32%
32JA
10%
41%
51
54
7%
9%
>38
38
>>
19%
46
46
:
33%
112 >112%
112%
8%
10%
18%
19%
53 %
53%
'
6%
30'A
30%
9%:
34y2
34%
:
5
Works—-
43%
18%
21%
23%.
87
90
94%
97%
90
94%"
92%
87 >•; 97%
191
190% 190%
194'/2
194%
189J/2 192
190V4 190>A
18%! 19%
18%::
16%
18%
16%
18%
50
>51%
52%
53% :>
51%
51%
50
>51%:
48
48% >52%
52%
•
45%
'49%
42%
48
*•
8Va
7%
10%
8%'
10%
' 8%
9 >>
33%'>38%
33%> 38%
33 >
38%
31%
34%
110%
112
112
110% 110%
110% 110%
14
11%
> 9%
15%
12%
15%
11%
14
'
10%
107/a
>10%
io%
11%
io% io%; 10%; io%
> 42%
41% '48 >j.
39
'
39%
42
41%
48
21%
14»/«
1085
-
>
59%
89
13
18y«
19%187/s .19%
19%
■ r>:--^^'>>V^: >
>i- >>■ -i.-:; ■
23%
27
26 > .36%
33%
36'/2
108
>109%:
107% 109% 1061/# 108_
; 6%
7%
7%
\8%
7%
.9%
26%
107%' 109'/a
- 7%
77/#
109%
7%
108
.
24
13%
X39%
44%
103%>109'> 1
100% 106%
28
108
18ys
'
-
18%
76
.49%
12%
50%
x25ya
,46%
.45:.
:
40
W>
3%
5
.48%. 50%
25%
28
12
13%
78%
84
16%
17%
45%
48
113, 1116%
21
25
88
"
v
10%
35%
,75%'
>
,12
25%
25
.
13%
76%
177/a
17%
»
10
U
37/a
174""^200%
33
25%
3
67%
14
Co_IlO0
9%
'23
•
21% >24%
11% .13
.77%: 85% :> 84 > 88%
17
.
,•«
77
31
50
86
"5%
48%
3
109% 112%
40
42%
37
112
;74:
.
27%
184
53%
,26
10%
11%
19%
19%
151
59
24%
2%
23%
49%
54%
9:
22%
.
46
22
112% 114
,
33%
X112
32
12%
^
8%
150
29%
46
107%
31%
.
31
22% '
15%
112i/2
166% 185
81
13%
49%
17
2%.
75%
:
19JA
55
15
-
22%
77% f
29%
9'%'
•
2%1
23%
ey2
73%
111
10%
10%
10%
116%
74%
29%'*
'v
22
__
.16%
49%
100%
112
.
33%
112%
'
.
73
24
26%
98%> 102%
23% *25%
96
166%
28'%
14%*
36%
38%
36%
44%"
98% 102%: 100% 102%:
15%
17%
15%
18'
*69%
75%
72
•
.
„
146
28%
__
112
29%"
3
27
21
42%
116%
44%
149%
'
26%.
106^
10%"
387/a
10%
110% 112%
14% ,17
37'
40%
31%
18%
100%
17%
33
30%
34%:; 32%:i38%.
107%. 110'/« >;r 110
.112%.-Ill' ">120
43%
60%
49%' 57
51% 62%:
27V*
44%.>-i47%>£>;44%';>46%^44%'
51%
53%
>53% >51%
39 >: >47':>>
47
>
42%
42%,
/I > 98% 103%
■-
40%
136%
134
111%
23%
2%
31
28%
104'
25%
79
28%
-25%
122
112
79%
321
28%;
106%1109%>
36%
40%'
:
111%
,9%
1X0
>109% 111%
33%
33
45%
107%
107'
31%
25
104
30
29'
138%
125
29
13 y8
5
:
118
32%
lOT1/* 108%
37%
42%
43%'
26%
25%
99%
112% 114%
114.
112%
77
20%
70
21%
94% 100%
112%
26%
T 112% 114% *111% 114% >>112%4l3%; 113% J14%:
"22%;:
22%
22%;: 22%
25
24%
27%,
25%• 27%
133 •
125
143 : 151 > 137% 145%
136% 136'A 142%
21
32:
70%
:
111%
68
64;
1
27%
112%113
/
28%
144% >
111
:
'
24
19%
:
79
I
43
11%
10%
io%
75%
83
180
183
38
131
' 25%
26%
96%
108% xl05 > 108%*
29%
>
108%* 109%
40
134%
20%
21%- 23
126% 134
107%
33
68
16%
86%
18%
,
13%
14%
29% • 40
109
109
34%
41%
.
34%
44%
18
112
112
47
t
109*
31
61%
17%
91%
31%
39%'
—
.
19%
i
,107% 107%
39%
45%
42%
51*%
49 \
56
104
105%
104 i 106% 104% 105
10%
12'A
.11%
15% : 13%
16
124
132,
133
144
;140 ,146
42
44% ;. 42%
49%
47
52%
21%
24%
21%
24%
22%
25%
39%
112%124
'
67.
*
110% 112
13%
...
105: r 105%"
>10%
11%
12%125
<
8% XlO%
•
27%. 30%
106
107%
,31%
35%
13
19%
58%
'
rt
25%
109%. 111%
21%
52
39
■
110
12%
13%
27% '30%
104
106%
...
Ill
111%
111% 113:
I
8%
10%
77%
10%
106%
16
8%
5%>>8»
136>:
>
106%
^
>7%
18%,
37%
16
130% *128"
85
8>/a
17%
60%
1
1
>
26%
28%
64
16%
>
23%
' .42%
8
183%
114
4>v,
61
32%
2
64%
>
65
24%
108
H
.
'
32%
48%
■
63
^
8%
i04%; 104%- i
16%
19
60%
12%
38
4%
66
36%
.10%'
13%
53
22%
29
34%
114
-
>tt.
107%
27%
:
13%
54%
13
47
* i>
44%
19%
:
8% >> 8»
8
25
18%
X
10%
52
v 17%
•17%
40%
,
17
*
23%
107
35%
105%*
;
i*
5%
7%
108.
110
12%
13%1
25
' 30% "
11% .13%
122 " 127
W■::: :16%
17%
137
18%
"7
34%
,t
20
26%
106% 107%
27%
28%
•
13%
49%
*
,
108% 110
11%
13%
'
30
12
12
42%
S
22%
35%
37%
r 104%; 103% 104 *
123
X'
22%
5%
28%
104% 108
12%
•
62
48
,24%
24%
12%
15%
50%
14
'
K
20
37%
"70%
28%
>1%
i*
21%
100
:
see
13%
39
52%
40
'
f
*
10
footnotes
>
—
58%
51% .60
107
108
6%
7%
47%
52%
:
w
■
—
I > ;>a» >
54%
70%
70%*, 73%
27%
27%' 29%.
29%
1%
l
Virginia-Carolina Chemical
For
>9%
-9%
17%'
—
15
18%"
2.50
&
10%
13%
107%
25
56
52%
30%
114
135%
100
Vicks Shreveport & Pacific
Ry
5% non-cum preferred
dividend
10J/2
109y2
109V2
60 y4
60%
8%
: 16%
40'%
16%
50
72
♦
Vertientes-Camaguey Sugar
6%
11
56%
>51%
10%
5%
38
25
109%
58%
.
I
Co
Virginia Electric
>
15
49%
45 > 51%;
WO *106% 108,
6%
6%
7%
7%
104% 109%
>
58
25
—a—*
—
Co
Chemical
13%
,
56
52
125
>
51% '■,<62
52
;
52
■ ■
5
1st preferred
Victor
15%
22%
13%
'
> 82
81% >82
51%
-iv> >
>
;
Co_
.
18%
4iy4
22%
38
44%
•.
105
19%
,19%
16%
144%
•
Chemical
16%
43%
15
19%
37%
12%
_2%
:;
*
Vanadium Corp of America
Vick
11%
Xl8%
.
14%
27%
Raalte
34%
43%
107%
■
24%
24%.
10%
46
;
;
Preferred
7%
20%
20%
•
13%:
:
105
9%
9%10%
10%
—IlOO
Universal Leaf Tobacco
8%
preferred
Van
39
32%
15%
'<
53% V60 >
60
7%
7% ■-: 9
9
.45 1
51%
39%
46
-50 >
;
^,6 convertible preferred--—
Norman
9%
16%
75 V2
7
33%
7%
7%.
1
Mining——50
Universal-Cyclops Steel Corp
Universal Laboratories Ine
Van
37 y2
.
39
.
43%
10% >12%:
110
16%
35
aa;
Universal Pictures
a
27%
1%
'
107% 109
182
"~~~j
class
39%
34
,
>37%
lO'/a
107%
42% " 45%
v
5%
63
26
111
73
,73
X26%
43
,
49
-_'>
..
30%
111%
._„10
~
124
22%
r
112
69%
90%; 93%
14%
16V»
.
14%
38%
,,
common
Corp
121 >
;
24
24.
111 >
1%
13%
50
«
Z-A-IlO
preferred
125
22%
.
i
Tobacco-
United
53%
.
39%
w
1%
71
13%
Z~~*
class A
120%
120%
27%
^
100
Stockyards
37%
>32%
;
.
,10%
*
15
15% 17%
16%
18%
90%: 93%"
87% > 91%
110% 113
110%. 112%.
,113
115
112% 114
21%
24% >22 ' = 23%
'
33% .36%
■
70%
70%,
77
8
preferred
non-cum
; 56
56
16%
92 Vz
92%
113%
114%.xll0y4 113%
>32% >36%
32%
36%
18%
180%
180%
,
,
preferred
7%
V.'
6
118%'123?
64%
13%
17%
17%
:_a_
U S Smelting
Refining &
7 % cum preferred
United
8Va
3
8%10
137
139
—
56
102
11%
:
16%
35%.'
35%
123 i ;
26%
26%^
105% 108%
tU S Realty & Improvement
U S Rubber Co_—a—
a.a——_a—10
Qc,i> non-cum 1st preferred
-III100
U S
61%
15%
12
11%
a—50
Chemicals—T
-
7%
62
/.j
55
57
56%
60
56%
60
59
61%
10%
12%
13%
16
14%
17%
15
18%
18%
137% 142 ; 142
142
.
96'/a
96>%.
X93% X94%
98
100. r
99 ■ 100
101
104'
'
101% 102%
101%'102 "
101%
12%
12%;-10%'v>12.^^a0%:>:l3%->:>vl2%;;:.;13%'IvW §-a4%^:13%^14%.''':i;i4''";v,l5%
14% ".J, 14 »
51%
51 J%
104% 106
28%
30%
,
83%
16%
100
.aaaa
U S Steel Corp
63%
13%
77
77 ?"
Machinery
Playing Card Co_———
Plywood Corp
New
11%
v
55'
48%
21
18%
16
16-
17 >:
90%"
90%'
17%
5
preferred-.:
Pipe & Foundry—aa—
U S
18%
60
X40ya-
.
U S
53
9%
52%
35%
105 %v)
105%
14%
81%
41%
20
U. S. Lines Co——■
U
32
>
32>>
6%
7%
105% 108
*
.
Gypsum Co
Preferred
56%
9%
—-,
6
7
6%
7%
106% 109% *108%: 110%
11%
12%
11%12%'v
36%
104%
1047/«
—^
107
10
a
convertible
54%
10%'
<
29%;
29%
34%.
34%
64%;
64%
67 ,:
—
.$4.50 preferred' 'WWaawW—AaW*>''
S Freight
a—a
•
U
Prior
106%
106%-
15%
22%
24 ;<>
113
113
:1%
47
preferred—
Leather Co
34%
V34%
13%
100
A
US & Foreign •Securities- Corp
$6 1st preferred
Par tic &
27%
>
-
.88%
115
33%
—
5%
U S
10%
7%
19%
13%'
13%
21
16 Vi
16%
,
80
507
>
-
—13 Vz
United Merch & Mfrs Inc—
A-a
_1
New common
—a——_1
U S Industrial
62%':
62%
14%
66
5
Improvement Co—
convertible
11%
>54'A
^
43%
11
;
14%
32%
12
9%
12 '
10%
107/»
12%
116 > 122%A118;: .122%
118
122%
122%
,
19%
11%
Fruit——
Hoffman
39
223 19%.'-22%
16
55%'
55%
94%
>
42%
51%
51%
36
22%
36
54
^
*'
23
20%
28%
287/a
105%
,
1
9%
—5
—
Engineering & Foundry
5%%
125
15%
_a—100'
United
U S
24%
26%
38%
—
—
United
j7%
,
27%
1%
———a_1.:>
——
United Electric doal Cos.
U S
18%
18%-
56%
56%
10%
11%
33*%
\
n
x
W-"
Ai
United Rexall Drug
•
34 y« >•■'
34% p 36
16%
68%
68%
W
_•
——
preferred—
United Gas
.
29
—20
—
United Drug Inc
United Dyewood
7 %
preferred a
"
36V4
36%
121% X118%
Xll8%
*
—
preferred
Corporation
''
10%
30
'
5% V-'isA
7
5%
7ya
7%
107
?:
109% 106% 109
.11
10%
12%
11:
12
18%
21
18%
22%'
22%'
103% 106%
103% 105
21%
115
115
23%
24%
111
114
_100
United Cigar-Whelan Stores—
United
7%
1
^
20
.
106
106 >■ 106%
10
13
10
.13
81%>
81%
31%
118
.—100
Fastener
11%
w
27%
64%
15%
——10
J
America
preferred—
conv
f
117%
114%
113%
116
116
,116
114% 116^>> ; 114% 115%, 114%: 115 >
115% 114% 115
21%: >20% >25% •:; 22%> 25%
21%
20%>25%
22%:
22%; 24%
22%
112
125 Va
117:
109%* 119% 112
118%
'125% > 117
125% ;118% 130 > ;
:
106 y4 109 y4
100% 104%
103
108
106% 109%
108 y2 109%:
108% 109%
30 y«
29 Va
29Va
30y8
33 Vz
29%
30% > ; 30
33%
30
31%
29%
32%
29%,
31%
29y«; 31%
27%
31 %
27%
27%: >30%:
30V*.
106 y2
107% 109%
107
109%
109%
106% 109%
107% 110%
100
preferred
of
44
is y8
;v
51%
37%
20%
20%'
100
Corp
preferred
United Biscuit
25%
16%'
'
53%
113
25
-
Co
5% convertible
United Air Lines,
^
/
24%
117%
1177/a
series
Car—
United Aircraft
'
31%
31%
10
>26%.
26%.
i
,
34%
58%
78%
preferred—
non-cum
Union
42%
25%
40
14%
15 >
:
—
40
40
40
38%
52'A
>•;
'>
"
14%
.14%
California
Union Pacific RR
11%
29%
>. ■
163%
103% 106%
16%
-
of
43%
;
7%
:
49
49
56
56
6% >
19'A
19%
9%
18%
19%
105
1058
35%
48
36'%
33
137,r
38%
38%
35%
23%:
29
124
41
331/*
:
34%
108%
53%
53%;-'
16% '
11
11
>>■
50
50
' '
?
r
19%
36%
14%
Carbon—.
$4.50
Co
WrW
49 Va
49'/a
>
14%
135 l/a
135% 135%
-w
33
High
18%
29 3A
133
45
8%
18%
12%
4%
34
37
14%
54%
52 Vz
62%
10 Va
10%
22%
27
117,;
37%
106%
16
14
35% >40%
40%
106>A l07Va
106% 107%
12%
12% -13>>
13
13%
20%'
20%',
9%
11%
116
116,
122%
Union Elec Co of Mo $5 preferred
Union
107
107
105% 106%
105%.106%
Bag & Paper_A__;
Carbide
;
34%
——* >
Union
•
''
55
55
5%
103%
2V/a
27%
29%
Rapid Transit—
&
17 Va
17%
35%
.
14%
>108%
108%
;'3
107/a
10%
197/a
19%
105% 106
50%
50%
197/a
19%'
21%
101%
preferred—
——100
5 Vo conv prior preferred—^
-A-.—50
Twin Coach Co—W-——W_aw>aI:>
Union
10%.
18%
2nd
Underwood
42%
42'A'
106
7%
42
42
20%
54%
17%
38%
38%
v
17%
-w>
34 Va
34%
44% :
■-?
■
;
,:
••/
7 •
17%'
17%
—
39%
;
26%
'
r
n%
11%
——100'
preferred
1
i
6
103
*
..._W————;—1
Twentieth Cent Fox Film Corp—
$1.50 preferred
—
'
{
5
.• >
—r
V
18%
*;>:
—
4%%: preferred
1%
>
,
56%
56%
37%
36%
55
:
26
,
Forging
--i
GOrp—i-A-—-a—A——1
Tubize Rayon
$4.50
>-a
8%
5
31 %
;
9
*
13%'
54%
42
42
54
8%
15
51%
>;51%
>, '53%:
53%
26 Va
26%.;V 21
21
> 10%
10%
13%
19%
17%
,
..
11%
11%
54 y2
54%
36
106
*
Western Air Line—5
$6 preferred
Truax-Tjraer Coal
Twin
;
.
9%
9%
-i,
.32%
32%
55y4;:
9%.
;
.13'A
19%
44 : >
44:
'
'
9
34
17%
.
ld>
9%
20%
.
15
34%
10
20%
9%
15
15
31
10%
.16%
53%
8Mi
15%"
.7%
7%
136
136 ', 138%
> 94%
94%
97%
97%
,
55%;.
557/a
5%
34%
22%
49 Yt
49%
54 y2
54%
13%
4%
32%
36%
x34 %'•
Low
$ per Share
38 y2
v32.> .-: 35
•
•
December
High
.r!
—A-i—-
Tri-Contiuental
■
14
46
46
33%
30%
':.
22%
15'/a
15%
8%
9%.
9%
136
136 >> 139
97% 100
'I.1
,
98%
15
15
45
12
12
,K'!!
C C,
—
32
36%
17%
33.
35% >37.
31%
>;
33'
109%
>
1
45
45
Xl9%
>(;.Xl9%
12%
34%
.
Transue & Williams Steel
Corp
34%
>
41%
41%
;■>
>
55
48%
,
>35...
Low
$ per Share
27 ;>•' 30
104% 123
36
37 Ve'
105%
52
52
55,
55
8%
7%
7%
20%
—__
Transamerica Corp—•—•a————2 >'
Transcontinental
52%
./•
13%
—10
Bearing———
L
8%
8%
56
45%
10
Co
4
»
55
55
7%
7%
25%
25%
11%
11%
'
V
50%
50%
35
14%
29 y4
,
November
High
$ per Share
104
31
34%
8%
^10%
.13%-
24
97
>:
.
32%
31%
,32;
>;30'
55%
8%
100
Low
15%
32%
10%'
53
9%r
.13%
44%
•
991
99
,
55
'
35
13
25 V4
95
October
High
34%
10%
9%
9%
.
-
13
13
;
8%
9 Va'
14%:
28
w>>
-W
Axle
13%
9
9
$3.75 preferred.
Timken-Detroit
12%
95 Va
95%
10%
10%
:
preferred-—W-aW ;; 105% 108%
$4.50 convertible
,7%;
55
10%
pfd $2.50 cum—-a-—a—-a50
Corp
*
Thompson" (J R)
-25 ^
Thompson Products.;
*
4% preferred
———-100 -:
Thompson-Starrett ———;
*>
$3.50
preferred
————*
,
$
54%
8%
8%
;
40%
40%
12
12
130 >
-
,
9%
%>
7%
10%
10%'
98
98
9%
;
Conv
Tide Water Associated Oil
59
9%
9%
Low
$ per Share
23%
34%
30%
>
•
:> 34
38 y2
14%
35%
55
36 Va
31 y4
13%
20%
130
387/a
35y4
52%
% >
Third Avenue Transit
.
31%
9%
36%
32
.
X54%
>V X54%
7Va
7 Va
:
•;>
38 Va
55
9
387/a
PC
;>>' 38%
20%
20%
40
40
18%
i
125
93 %:
93%
i
—1
———-—
U 50
50
9%
35
34%
33 y2
22
107'A
27'30
24
,
—
15%
i'
33'/2
12%
26 y2
99
Septembef
High
$ per Share
14%
23%
;
31'/a'
>22
:
33%'
26 y4
34%
112%
115
28 y4
August
Low
High'
$ per Share
27 7/a
107
.
33%
:
32%
8%
14%
14'/a
>>14%
.
25 Va
.26.
121%
29
Lotv
15%
33'/a
9%
8%,
7%'
12 y8:
29
53% ;:56>>
■
,
9%
24%
59%
125
20
11%
21%
21%
•57
preferred »->—->-W———100
6% preferred
:—a-*—100
22
32%'
33%'
—
37 Vi
"' 37%
24%
$3.60 convertible! preferred--———* ;
Fair Co„—
*
7%
32
7%
55
55
20%
The
Thermoid Co_
51%
7%
;>>
Trust—
33
„
7%
6%
31
14%
12%
53%
48%
26%
,31% '.34y4
29%
32%
•
9%'
—
—
——1
Gulf
Texas
:
25
1
*
(The)
Co
V
__
24
109
30%
18
10%
54 -m,
52%:
8 >, ;
12%
11%
5% pfd——100
Tennessee Gas & Trans
:
26 y8
122%
27%
30%
10'A
8%
' 8%
50%
(James)—-w--——-9
preferred——50
Corp—
5
Corp—
—
®
participating
5%%
23%
101%
18%
32%
Telautograph
27 Va
July
High
$ per Share
14%
12%
14%:
Low
High
119
31%
34 Va
34%
32%
Talcott Ino
11%
31.
34%-
32 Va
*
Symington Gould Corp.;———----*>
$ per Share
>17%
30 Va
—-—
12%:
>23
34%
17%
Inc
Sylvania Electrical Products
>'iov.
June
May
Low
$ per Share
$ per Share
27 »A
24%
April
High
Low
High",
Low
High
Share'
Low
stocks
Sunshine Mining
March
February
January
.
6
5y2
64
118
.
,
67 Va
120%
5% ;
65%
119%
7
71
122 %
100:
*'
34%
39%
38%
6ya
7%
6%
67
76
77
122% 124
v
121-
45%
8%
81
123
Nwnher 4460
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
,v
63J
..
NEW YORK STOCK RECORD
/;,y-'
Vv:>;:/v/!'///'' ''January
/STOCKS
Low
.>»/"
-
preferred—
Vulcan
7 ft
"
„
iThe)
Co.
.
100
'-—100
preferred——100
Waldorf System——
—•——*
Walgreen Co—————
_*
preferred
W&bash RR Co. 4% ft
.
/ 4%
.
,
—-J
Ward
Co
new———
':
preferred
Warner 'Bros Pictures
-
Warren
/.
26%
—100
87
25%
26%
101% 105
"
109% 115
101
103%
103
106%
116%
117%
25%
110
116%
25 -
117% /
23%
4%%
series—
100
Rights
Western
•
110%
—
32%
37%
—100
4%
13%
6%
2nd preferred———100
non-cum
Class B
(The)
*
29
16%
18%
18%
20
38%
40%
39%
42
110%
108%
110
X109
110%
108'A
92%
20%
19%
20%
14%
12 'A
14%
11%
9% ,11%
10%
10
11%
10%
13
11%
13
11%
11%
.2%
1%
2%
1%
1%
66%
61%
66%
6%
13%
16% '
.33%' ,; 36i/a '
2%.
62
2%
66%
—//■■'■—■/
' ■
15%
35%
—
—
—
-f
1%
66%
62
64
69%
16 /;
15%
18
32%
9%
25%
.
13%
33 '"
16%
26%
21'A
v
»
10%
27%
85%
26%
108%
114
105%/
84%
23%
102'A
111
102%
9
10
•
20%
38
"9%
27
31
41
38
42
44
50
14%
20
18%
20%
19
21%
19%
21%
19%
22%
27%
28
27%
29%
29%
31
30%
31%
30%
32
X21%
22%
20%
22
38%
35
391%
10%
87
27%
29%
26%
32%
85V2
f
87
85% "87 =/":
27%
32%'
20
26%
28%
27%
33%
40%
38%
45
42
47%
lOVs "14%
13%
16
13%
16%
31%
33%
87%
33% /'•
'86%
32'/a
38%
33%
38%
87
31%
86%
87%
89%,
86%
88
37 />;
33
32
106%
1081/2
107 /
105
109
Z" :
106
110
110
108
113 V4
111
113%
113
115% /
114% 117.
113%
116
""
114%
118
X114%
1181/2
1151/4
117
115
118
104% 108
1061/2
108%
105
Z
108%
106 'A
110
1071/4
109%
107%
110%
109
115%
115
1167/a
114%
115%
113%
116%
115%
117%
117
118
117%
30%
27%
30%
29%
32%
32%
32Va
28%
107%
Z-
103%' 107
117%
26
23%
110% llli/a
116%
118
25%
32%
28%
34Va
109
28
31%
r
110
111
26%
25
30
23%
45%
19
22%
37%
10%
9%
9 Va
.
23%
40%
38
11 Va
9%
29%
86
115
49
35%
16
11. ,/"
85%
113
30%
27%
20 1/B
28%
,
16%
105%
32%
34%
35
85
25%
13%
102
103%
15
,
104
110
26%
25%
117
118
23
25%
110% 112.
18%
20%
20
21
15
95
18%
42%
38%
-
11%
95%
19%
16%
15%
34%
11%
8%
91%
17%.
92
68%
V67/Z
—
37%
18%^
x25%
27%27%
20%./ 23V4
22%
33% 38
'.-..36% -38%
11%
/
•,.
■/■':■"
—
<
2%
1%
15%
13%"
29'/a
27
23%
,
2%
2%
66%
— "
.
43
——*
43%
50
44
7%
24 Va
14 Va
19 "
24%
41%
',
"Z6
"41Z"
44%
110
21
26'A
47%
42%
48
110
110%
29%
113
109
33%
29%
(29%
107
110'/a
23%
34%
36
110% .112%
27%
• ■
33
36%
36
W2
118%
40
„
112%
115
111%
36%
115
40%
31% ";/,
31%
35%
•45%
49%
49
58%
55 %
9%
10%
11 Va
10%
12%
25%
27%
25%
29%
27
32
48%
*55%
48
55%
'87%
90%
86'A
90
50
55
51
54%
26%
y32%
,
preferred
convertible
Z 45 ya
50 Va
46%
;
28%
26%
29%
29'/8
29Va
28
31%
29%
31%
29%
44
27%
28
29'A x31.%
White Sewing
convertible
30%
31%
35'A
33%
38%
34%
36%
43% "41%
34Va
37%
:35'/8
37%
43%
41%
45
42 Va
44%
37
Y4%
37%
36%
44%
41'/a
;• 34 :>;
36%
36
38Va
38
33%
31>/a
36%
34%
45
41%
44
42
33%
31
34
27%
31%
28%
31
28%
33%
30%
33
31%
108%
112
109
112
111%
113%
108%
110%
108
110
31
108
110
108
108%
108%
108%
1083A 110
108%
110%
107
108
107
108%
105
106%
105
105%
72%
101%
36
73
103%
40%
73%
76
73
77%
103%
104
104
ZZ'; 106%
1041/4
105
103 Va
4 4 7/8
42%
47
43 Va
.
•'
.
33%
84%
33%
35%
36%
45%
43
'
-'
w
j.
69%
70
107%
73
78
104/
'
73 V2
103'/a
75
104%
103%
105
78
74
104%
103%
34% " 40%
105
40%
92%
96
24
25%
28%
31%
30
33%
10%
12%
11%
16%
90
93
90%
94
93
23%
26%
30%
8%
11%
27% : 31%
9%
11%
85
^
28%
28%
8%
10%
10
11%
*
^—20
83%
86
86
/
27'A. 31%
—1
87
31%
31%
8%
30
'
—5
32%
—1
19%
17'A
*
10%
13%
97%
99'A
31
6"%
16%
.
13
'
—
' 13%
100
(P W>—-10
,
—
15%
"
—;v.
15%
90
26
25
27'/a
-•
44Va \:
40%
39%
84%
48%
82%
87
46%
85%
*
'■
'W—
'"v. "•1
'■
; - -V
w"./.
•
'i
.
«•».** •
—
.
;
104
100%
101
100
'•
•
1
Yale 4s Towne Manufacturing Co—25
84
84Va
87
.
13%
' 77
84%
103%
16%
35Va
14%
15%
37%
issued.
.
12%
90
90
x87%
33%
34%
/ 7%
10%
33%
8
21%
26%
22
26%
13%
13%
15%
13%
16
'
13%
100%
100%
lOiya
9
26%
■v
105'A
99 Va
28 Va
36%
36
15%
13%
36%
327/a
13%
15%
131/4
88%
90
87%
89 •'.-•■.
33%
34%
33%
35
"
•
100
99%
-
103%
99
■
15
90
35
/•
11
10
12
22Va
|Z 19%
22
21 Va
23%
16%
"".16%
197/a
18%
14%
100%
99%
87 Va
35
16%
V
18
93
9V»
24
99%
100%
21% "
47Va
.14%
34
•vy;/.
15%
101 ,
31%
39
15%
" 87%
9%
9
47%
101%
28
43 Va
34%
8%
7% /.
107
100
102%
26Va
32%
w—.*
«—"•
27%
103
26 ••";
34%
8%
25%
7%
22%
34
"
15%
90
34
34%
*7%
6%
.
100,
,
17%
19%
101
101%
101%
377/8
46%
n
A-'v'
28
%
16%
4.-1'=";
15%
17
31
16
27%
42%
30%
30
31
30%
33 Va
31%
37
34%
36%
47
46
48%
47%
49%
47%
50%
49
53%
Zz •Z1T".
18%
133%
,46%
43%
25
'
6'A
r
86 /"
90
93
94
: 69%
74%
70
157A
38%
16%
14%
35%
14%
15%
41%
16%
16%
35%
•40'A
,
49
87
ilO
20
' 24
42
7
36%
5%
Cash
sale,
x
91%
.
89
.
133%
18Ve
136
19%
20%
136
136
20
21%
22
f—1 CO OO «"•
137
138%
60
.56%
'
63 '
'/
68
60%
70
59'/a
9 7'A
100
92
97%
98
100%
95
98
91%
99%
110
91
93
91%
92'/a
93
80 Va
88
80Va
86
85%
95%
88
97%
77
72%
78'/a
77
81
80%
84
79%
82
79
82
20%
.
93
93
16%
18%
17%
19%
18%
19%
19%
20%
20
23%
96%
941/2
100
,
r
36 Va
41%
41%
571/4
52%
46%
43%
46%
44%
18
16'A
18%
18
19%
18%
24%
22
243/a
21%
24%
21%
/
23%
21%
25%
24%
27%
25%
27%
27
29%
27%
31%
?62""'
60 V*
66'A
70%
491/4
35%
54
52%
107%
105%
106
44%
'
'
y
24%
26%
41%
37%
41%
39Va
441/2
11 Va
10%
12%
10%
12%
27%
,
23%
27%
34%
39
36%
39%
"37%
10%
9%
'
61'/a
25%
9 Va
10%
10%
11
10%
341/4
V
64%
26
106 A
26%
24%
47%
24%
60%
•v"
105%
23
37%
106
22%
Ex-dividend,
r/55./;-
58%
88%
92 Va
.
15%
.
21
; 24Va
44%
50%,
106% 108%
21 24%
37% 41%
6
9%
24%
50%
43%
107
7%
distributed,
53%
90
72%
13%
20Va
40,
* 47%
107% 109'
22 -24%
40 /
42
e%
w-d When
40
52
56%.
59%
90
1 86
94%
87%
14
34%
16%
" 21%
40%
; 53/4
16%
25"
23%
71
—
54
84
69%
74"
13V4
'
Zonite Products Corp—————1
99%'
71/
Young (L A) Spring 4b Wire—
•
19%
22%
Youngstown Sheet 4T Tube/—39%
43
5%ft preferred series
-100 'if 105%-109%
Youngstown Steel Door—>20%
22%
—•
31%
.
90
.
20%/, 24%
33
7%
.
16^ 21%
88
89%
x85
35
32%
York Corp ———!—i
28%
13%
".'96".;
"96%
25 .
29%
34%
96
42% "41%
100% " 98
88
70
-
72
13
: 24%
'
42%
14%
70
5
X23%
17%
25%
41%
41
12%
31
7
'
.
—
*
32%
104%
36%
93%;
•'
130
42%
Worthington Pump 4$ Machine Corp
v
(Del.) common
• f ! 38
Prior preferred 4%ft» series—100
79
Prior preferred 4%ft conv series_100
80
Wright Aeronautical Corp—
*
75 ',
'
11% 14
99Va 100%
^
16%
130
128
22%
40%
19
14%.
98% 100 . "
.
15
128
10
*
—
86 %
34%
8%
18%
84
8Ya
7%
17%
39%
.
103%
96%
24%
95%
25
33
38
75%
_
102%
43
89%
32%
75%
104%
I 36%
36
22%
w-i When
30%
321/4
'
—.——^10
value,
30%
36
35 Va
30%
29%
„
Preferred called—i—ui———
par
35
33%
V''/.
32%
41%"
24%
Zenith Radio -Corp—-
30%
33%
31%
.93'A
Wrigley (Wm) Jr Co (Del)'—
Wyandotte Worsted Co—.—
28 Va
33%
88%
——
-
-
113%
64
104%
6ft; preferred—-—;;
.
56
36 V.
22%
pfd
49Va
46%
94%
Woodward Iron"CO—
50
32%
26%
Wisconsin Elec Power Co 6ft
46%
36%
88%
Wilson-Jones Co
48
32%
22%
—
30
.
36
90'%
Wilson & Co——
89%
33%
22%
Willys-Overland. Motors—
87
49%
36%
21%
Prior preferred
Wilcox Oil Co——
87%
;
34
(The SS)——20
"
1
preferred—.
51 -ZZ
84%
28%
49%
27%
46
89
27
45%
—
3%
61
43 Va
90
31%
.
.
34%
Machine—i—
27
9%
":•>.
131% 135%
31-%
87%
preferred
19%
•'
.
81
39
45%; -57.%
81
.92
49
8% "10%
28
.23%
44'A
49%
9%
7
24%
50%
477/a
i
11%
;
:/, 46
'
'
53%
84Va
»
»
prior
9
37%
43%
=
85%
44%
106% 108
100
Wheeling Steel Corp—-———
:
30%
—
White Dental Mfg Co
White Motor—
7% "
77%
73%
35%
28%
preferred —————
$3.75 preferred
Wheeling & Lake Erie Ry Co.:
—100
convertible
•
39%
IV*
23%
78
49'A
29%
66%
,
32%
$4.25
Woolworth
110%
19%
—
—12.50
Instrument
$4.50 preferred—Ho
•No
18%
41
13
31
.
*
-
Electric
Westvaco Chlorine Products—
$4
73%
16.
35%
86
48%
28%
—
—
$5
76
69
16%
13%
71%.
Westinghouse Electric & Mfg Co—.—50
115% 1247% *119% 125
120
129%
7ft 1st par tic preferred
50
-144% 151
144
,146%
146% 150 •
Westinghouse:/Elec <?orp—
-—_50. •
—
:—*
/—,- '
' ^
Preferred
12%
■>
—«.i-/:
5%ft
72%
78
70%
35%
108%
108
105
105% 108%
71
64.
.15%
"34
15%
34%
19%
36%
5Va
16%
: 33%
73'
41
5
16%
44 %
26%
—————————
Westinghouse Air Brake Co
36%
/ 30%
38
64% ' 73%
———100
Union Telegraph class A—*
Preferred series A
Weston
15%;
<
91%
17%
/.-/'
.
70'
67%
-.14%
31%
"
31%
3
10
Co
Western Pacific RR <Co common——*
Western
26%
109
'
««
Z-15.
74%
V71 ZZ
15%
—
Auto Supply
Western Maryland Ry Co—
4ft
106
1
71
%
19%
28.
85
87
23%
27%
103 s 106
111
115
104
106%
116% 1173A
22%
26%
109
111
28%
*
Preferred
173
12%
20
'
100
Western Air Lines Inc..
173
76
25%
,
pfd
4%%
169 i/a
13%
102%
Co
169%
160?
53%
19%
lOOVa
Power
165
75%'
•
Virginia Pulp & Paper Co
West
165
12%
27%
West Penn
163%
19
24
84%
25%
109% 113%
162
70%
9%
25%
—-100
155
12%
10%
preferred——
preferred—
42
151'/a
1
20%
9%
26%
84%
150
70%
10%
27%
150
154
83
"
' 9%
85'%
40
19%
33%# 39
-•
150
158
/—
35
48%
43%
10%
24%
Corp——
154
163
;
75
55
41
39%
37%
40
75%
51
64
39%
Sugar
38%
42 /
>75%
11%
21%
Indies
'
76%
54
40%
52
40
41%
75
53%
38%
73
10%
35'A
♦.
*
—1
72%
50%
65% "70%
20
/
19%
35'/8
/'
73
50%
160
.158
134% 155 /
.
__
25%
65
48
11%
■
32%
W40%
41%
76
49%
19%
'• —"
/' ; —
15% • ' 13
35%
30
v/ —
38%
73
47%
"76
;Z 49
46
10%
23
—_:
High
$ per Share
19%
30%
West Penn Electric Co class A
./
66%
/ /_///"/w■
••
December
Low
High
S per Share
9%
.
""33%" 34%
'_5
Low
High
$ per Share
19%
11%
'"Z/Z-J •■•"'• -"
13%
14% ' 13%
"71
471/4
.
,,21%
Inc
November
October
Low
High
$ per Share
U
1
Tobacco
Low
High
$ per Share
20
26
Wesson Oil & SnowdrKt—
$4 convertible preferred
6%
2%
"
Motor Co—————————5
Waukesha
7%
11%
24%
Wayne,Pump Co—*
West
20%
*
—*
Low
High
$ per Share
109%
9%.
1%
2% •
1% ■
63/2 /66% Zz 61
.
September
August
July
low
High
$ per Share
9%
61%
68%
19%
11%
/• //--"■•■/—
June
"Low
19'A
64
10%
45%
31%
34%
108% /109 y 110%
66
.62%
72
107
106% 108
5
—
,
Washington Gas Light Co——
Webster
33%
9%
1%
57%
—.15
:
Foundry & Pipe
Petroleum Corp
3lVa
10%
100
'';/'■
"r.75
"72
.
10%
—50
-1
'
Warren
•
8%
*.
——————
Baking
5%ft
147
73%
16V4
31%
33
,J»
preferred———!.
$7
Ward
122
147
67%
14%
70%
15
68%-
.
1
_
Baking Co class A_;
Class- B
.
preferred—?
1
Walworth Co
122.
32%
106% 108
' 63
67%
'19% 20
•
./ Dividend redeemable
/:
38%
48
37%
,
66 13%
30Va
—100
O & W ltd-,
preferred
Walker (Hiram)
;
- ■
High
$ per Share
75
70
75 "
45%
47%
45%
47%
38%, 39% x38%
39%
120
127
130
134 "
145 ;• 147%
—70 '
76%
66%
71%
14%
16% " 14%
16
75
45%
—
.
low
low
High
§ per Share
•>
59%
: •
-25
—
Detinning
\"
57
61
45%
46
36%
38,
121
123
-
25
May
;'•/•
April
High
$ per Share
Low
Low
<
1
—100
-
March
High
$ per Share
High
$ per Share
Virginia Iron Coal & Coke—
5ft
preferred-—
Virginian Ry Co
"6ft
February '">/
'^
•
Ex-rights
NEW YORK BOND RECORD
January
low
High
•
BONDS
.
March
February
low
High
low
June
-
low
High
New. York City Bonds
Transit Unification Issues—»
3s
112% 115%
corporate, ;$tocki^—i.-—1980
'
; •
'
"J^\'4
Foreign Government Securities
Agricultural Mortgage Bank—
Guaranteed sinking fund 6s
(f-,'
115
36%
61
'62%
80
;
External S
f
7s
series B^——1945 :
External
s
f
7s
'serifes C_
External
s
f
7s
series D
External
7s
>
—
/ - .35:,
_
1945
1945
34
"30.
31
'/
31%
91
89
y 86
•100% 102%
101
fund 4s——Apr 1972
July 15 1955
,
90%
99%
External 5s of 1927
-June 1957
4%s of 1928——.1956
100
External gold
extl 6%S—1949
%
:
95%'
94%
97
,
95
v
101%
94%
102%;
100
101
96%
97%
,
.
101
95%
102%
102%
106
105 7/8
102
103
105
104
"
107
96%
99%
99%
103
100%
101 Va
102
'?
100%
External
'
s
pursuant to Plan A
(interest reduced to 3.375%) 1979
Cent Ry 30-year 7s
——1952
Stamped pursuant to Plan A
(interest reduced to 3.5%)—1978
5% funding bonds of 1931
Stamped pursuant to Plan A"v"
"" /.
Int reduced to 3.75%—1979
58%.:
52
52
57%
52
59%
60
•./
66%
:
;-/y
58
59%
62
65%
58
64%
•,57./.'
60
58%:
58%
52
'/
»
60%
"60
53
57%
f 6%s of 1926—A—1957
Stamped pursuant to Plan A
'■>,
(interest reduced to 3.375 %) 1979
External s f 6%s of 1927
-—1957
60%/
>
''57
:
/
62
65.rZ.Z-
64
66'/a
59
60
57
64%
30%
32
30
31%
31%
30
31%
>%t
.
&
101%
102%
100
101%
99%
96
98%
64
/ 62
31%
30
—
'
102
:
101%
100%
96
99
107
30%
99%
96%
„
94%
.
98%
100
115
71
115
102%
100%
101
100% 101%
99%
101
101
102
102
96%
961%
99
97
100
98
98%
97: -:
99%
98%
101
'3
68
For
footnotes see page
Z54
"/ 57
56%
601/a
94%
96%
104%
106%
IO51/4
107%
106%
107%
106%
107
102
103%
;102%
103%
103
104Va
103%
1041/2
103
104
99
100%
101
lOOVa
102%
101%
102%
101% 102
104%
106
106
99%
104 Va
104
106-
107 " 107
107
102%
102 Va
102 Va
102
102%
102 Va
102 i/a
1021/4
103 vv
102%
103
107%
108%
109%
108
108
108
109
110%
110%
110'%
110%
71%
72%
71%
69%
6.91/4
68%
70 V2
60
010.0
61%
69%
60%
73
/
65
70%
61%
"
%
:
57
65%
70
73%
64
64 >/
69%
•
64
62%
73%
65%"-:-.64
65%
61%
61%
69%
67
68%
66%
67%
71%
68%
70% :
62%
62%
59
62
59
60
59%
60
63
61%
70%
67%
69%
67
/ 69 /
67
67%
71%
68%
62
,'60%
72/'/ 69
60
60
61%
62 /
68%
69%
73%
70'A
71%
59 / ; 63%
71
>73 %
61%
61%
64
61%
62
Z
66 '
,
f/
63
63%
71%
72%
70
67
67
—
:
59
73%
69%
,
:
66 /•
'
.
,
'
/
54 :•/
59%;
54
"
—
/
•/;
/'/.:
'
''■z':
52
%
52%
'
——
.
"57
67
63
63%
66
/ 66
?//
•
60
;
'
54
;/,
68
66
67%
66%
105%
104 v
72..-:l/71 -v'
70% *
69% " &§ 69'/2
011
62V4
58
64
-66
99%
95%
105V2
i/':
69%
71%
7OV2
/V
—
—
60%
69
,
"?;72
,
Stamped
,
99%
94 /
104%
■.
■71% " 69%
69%
68
103'%
100%
99%
104
'
119
103%
1021/2
-
30%
96%
96
104%
73%
30%
31
'
100%
102%
102
100
.
95%
-
105%
94'/a
105
100%
94./
31
30%
96
102%
:.
96
93%
30%
33%
30
104%
991A
103
99%
99
100 Va
105 Va
105%
105
30% f.
1-33%
30
30
102 Va
;fi
68
'
57
.31%
! 36 !:-/
30
31%
1017/a
.*
.65
64% /. 62
*
30%
36
107V4
107% >' j
70 ' :
59%
36%
32
104
106%
53
37%
30%
100%
100%
%
36%
30%;;
104 %
106%
106%
37
30%
100%
100% 101%
37
36%
36%
30%
103V4
106'/a
36
36V4
102%
10u%
36%
36
105V4 ' IO2V2
105%
36%
"30%
102%
102% 103
100 %
37
30
100%
100 %
36%
/ 36%
36%
36
1041%
1051%
-
36%?
36
107%
1001/a
Sinking
36
36%
30
102%
101%
37
30
1061/2
''Ti
36%
36%
105
,
37
30
105
97%
36%
35%
101%
//■ 97%'
36%
32
31%
101
/
98V2
.
100%
100%
" •31' •/
" 100
98%
36
37
91%
92
89%
37
31%
31%
31Va
100%
101
31
36%
37;/
31
■
36%
90
36
36'/2 .'37
-
97 •"- 98
90
36%
31
-3i /-
-
90
36%
36%
$;
76:
90
''
36
/ 371/8
;
76%
97
"
36
36%
105%
1
90
74%
37%
37
3 61/2
fund 7s_
1955
Brazil (U S of) external 8s—.—.,1941
Stamped pursuant to Plan A
#//■;.■ (interest reduced to 3.5%)— 1978
External
74%
37%
37%
36%
31
99% 101
99%
,
'
36% //; 36 Vz
sinking fund 6s———1955
External
37
73%
High
36
31
101% 101%
102 VA
97%
93% Z'93%
93 Va
93%
98
951/2
96%
10038 100%
'
(Kingdom of)
36%
low
75
82
Z
35%
-
89%
9Q1/2
"30%
80
36;
33%
'87
Belgium
36%
36
36%
36%.,
71%
35%
33%
32
Antwerp (City) external 5s——1958
Argentine (National Government)—
External sinking fund 4%s_
1948
External sinking fund 4%s__—1971
External sinking fund 4s_—Feb 1972
90
33
33'"/
30%
j
36%
High
71%
71%
^; -\
37
33
>.; 30
95
36'A
33 /
30%
f 7s 3rd series—1957
Australia 5s
115%
68%
37%
7IV2
:
■
371/8
•/
37'-'
;
"37%
36%
31
f 7s 2nd series_—1957
External sinking
'' low1 High
low- High-
116% 119%
120%
118%
120%
'
70
32
36%
s
v
119%
37%
70
36%
,
.
sec S
.
36%
70
••/
37'A "37%
36% / 37 Va'1 Z.
30
30
36%
70
'
36% '38
36%
35%
66
/•/
.80
79
.
37%
67%
62%
z .36
;//34/;
1957
38
36%
62%
80
'
sec
120%
36%
61
External
116%
'
35
0 External
120% 121%
118% 122
120%
66
,1947
series——
December
November
October
Low
H
Guaranteed sinking fund 6s
-1948
Akershus TKing of Norway) 4s
1968
Antioquia (Dept) coll 7s series A__1945
1st
September
lew
High
low
y
"
"
August
High
July
High
•
t61
70%
72
65%
t61
THE COMMERCIAL & FINANCIAL CHRONICLE
<
NEW YORK BOND
January
(Plan B).
1944
No.
No.
No. V. '4—i~->—
Series
No.
No.
Series
No.
67%
63%
67%
60%
58%
64
64%
68
65%
68
63%
57%
60%
58
63
64%
68%
65%
67%
63%
„
53 Va
64
67%
66
67 Va
63%
t 66
64 %
68%
66
66 %
63%
71
70%
71%
67
68%
72%
73
68%
73
73%
53%
57
60%
58%
64
61
57%
60 Va
57%
63%
71 Va
72
60
60
63
66
53%
'
61
55
53%
'CkM-'''
53
53
,
September
Low
High
October
Low
High
59%
57%
58%
58 Va
60
52%
53%
60
52%
61
56%
57%
58 Va
63%
52%
53%
60%
59%
59%
58%
63%
52%
52%
59%
56%
59%
58
64
60
57
59%
59Tb
63 '
60
58%
58%
57
57%
61
57
59%
58%
62
56%
-4—-
3 51%
52%
Series
No.
13ls——-4^^—*-
51%
51%
53
No.
14.——
—A-
51%
52%
53
12_i
•
Series
No.
No.
16
No.
No.
18-—^—
Series
No.
19..—
Series
No.
20
Series 'No;
71%
68
72%
66
V
' '•
74
59%
1
High
November
Low
December
Low
High
High
68%
63%
66
64%
64%
63%
66%
62
65
f 64
63%
64%
63'/a
66
68
63%
68
63%
•
A A'A/ Series No. 25
-
67%
63%
64 Va
67'/8
63%
66
-
64%
59
59
63%
58%
62 "V
59%
V
60 Va
,
v:
v-:
,
'
Series
No.; 28—
61
56%
59%
57%
60
58%
58%
59%
56%
52%
543i
No,
53
60
59%
59%
56%
59%
A
,
30——
63
A 64%
t63%
,A
75%
74%
75
75 Va
75% A 65 Va
74%
75 Va
75%
74%
74%
61
65
62 Va
64%
62%
67%
74
s
64%
79
63
61%
-••
•-
•
'
60
60
^
■
79
'"T
'
71
69%
,
67%
64%
65.
/:/;
75%
-
67%
-n
,
60%
60%
60%
;
60%
."
78
75%
78
79-AA
79
75%
65
61%
65%
163% >66
77
63
•
65
60
61%
60%
65%
61V»
60
61%
61%
63%
62
64
60%
60%
60%
A 60%
65%
59'/«
64
62
64%
61%
65
64
62
65%
60'/a
60
GO
64%
64%
63%
67%
64 VB
63
64%
68
62
;
64%
61
61
60
61%
60%
60%
62
63%
62
65%
65%
62
V;
64%
61
61
60
60%
61
61
61%
63
63
64%
66
66
59%
60
61
61
A"
64%
61
65%
62
66%
66
66
63%
64%
60
60 %
61%
61 %
60%
60%
63
A
64 Va
61%
63
65%
62
64%
63
65%
■
: 64%
55 Va
60
63%
67%
64 %
66
53
53%
60%
56%
60%
64
68
63%
68
62*^
63%
51%
53/
60%
59%
59%
'A 64%
64%
64 y4
68
64%
64%
53
54%
60
56%
59
64
67
63%
66
62
63%
/
|
61% :V 64%
,
60 Va
w-'
-
62%
65%
62
64
:
64%
'"J-
65%
64
65%
60
60%
,*• 60%
60%
62
65
60
61
60Va
60% A|;;' A^AiA'p
60%
60%
60 Va
60%
64%
65%
68
63%
65%
64%
64%
60
52%"
52%
55 %
59
59%
-66
64%
64'%
63%
63%
52%
55 Va
59%
58%
59%
66
56 %
59 Va
A::'6evl
60 Va ;
60 Va
•
A;
64%
M AA
65 A-
61%
65 Va
64%
65%
63%
—
:
65%
63%
59%
A
60%
64%
59%
56%
68
65%
61 V.:
61%
60%
1
60%
56%
67
61
A
60%
pt60A/
59
58%
—~-.~r—
61
;
60
-
4$||
62%
64 A-
65%
61/ ;
54%
54
V
60
61
A
58%
52%
f66': A:v
60%
59%
V
51%
•
67
,
62% / 65%
65
68
'
66
52%
52%
29
67%
64
66
61
'
67%
63%
64%
56%
51%
\
—i_.—
t63%
65%
65%
59
53%
53%
„
51%
*
.
65
64%
59
,52
--
.
27
■
60 Va
61%
65%
62%
63%
>
75
'
61%
64%:
63-
62%
66%
60 :b.
'A
61%
62
67
52%
53
61
60 Av:
A- A
64%
66
60
•'
67
66%
62
75%
'
75
76
v59
53
No.. 26
No-.
74%
:•
.
64%
7
66
63%
v
51%
■
Series
'.-A;;A/ 75%
61%
61%
,
A' 64
64
74
74'
74
;
66%
64
51%
.
."'•75
V 65%
58%
59%
59%
'•74
51%
;
23_^_—-—1
24—
Series
■■■.:
74
A. 74 A
74
66
74 /
t74
r.
74' V
73
71%
61%
65% A 61%
%
'
51%
No.
No.
/:
63%
64%
64
65%
46344
64%
61%
64%
A—; A
,
)
100
1958
1950
fund gold 6S—.
(Province of)—
100%
100%
5s'—1957
(City) sinking fund
Sinking fund gold 5s_
Buenos Aires
71
69
61%
•
51%
■
Series
No.
•'
57
60
52
-
■Series
Series
63 Va
60
60
53%
%
51%
-
■
.Series
t74
t61%
t61%
64%
J. 65%
51%
—
21
No.
Series
I".;.
64%
'V
■
51%
:■———
-
53%
51%
^^A.
17—
Series
52%
51%
:—
■
Series
r{i
51%
15__—
Series
%.
64 Va
63%
58%
52%
11—
No.
66
52
^i%
——
Series
Series
/■ 70
66
65%
A 64 & A 62
63%
A / 62
A 64
64
63%
61% •63%
-64 -A:
62
62%
63
62 Va
t61%
.
10—
■
A
61%
52 Va
102%
•AA'
4A/
ibi^
100% 100%
100%
100%
101
101
101
100 Va
100'/a
100%
«•-*
101%
102
102
102 Va
103
A
-
^——1961
stamped
4%-4%s
Readjustment
1977
4%-4%s ———-1976
Refunding
External sinking fund
External
66
61
:t.
—-—
9——
No.
Series
6s
68%
53%
8—
Series
A/
64%
53%
7
■
No.
Series
Sinking
64
53 Va
63%
•
Brisbane
58%
August
Low
Hjgh
53 Va
A^^v'/'AAAAA-;
6_^
■■■
No,
Series
A.
61
Low
53 %
52
52
No.
Series
.
57%
July
High
Low
52
No.
Series
.
High
A-52A:a
;..?52AV
2—A—
Series
'
Low
61
l-A-i
Series
Series
'
High
"
*
A
Low
High
RECORD
June
dollar oond3
3%s extl
of
Low
High
Low
BONDS
May
Low
High
February
Thursday, January 31, 1946
4%-4%s
4%-4%s__1976
—i——1975,
.
external dollar bonds
1984
(Dominion of) 30-year 4s—1960
3%
Canada
•A ■ -25-year ^ 3%s - ——,
——1961
30-year 3s _A
——1967
30-year 3s
.————1968
2%S-—.
—1948
"
■
A
■■■
'3s
-
'
1953
-
3s
.
1958
••
Carlsbad
Chile
(City)
—-1954
f 7s—1942
8s—:—.
(Republic) external s
20%
21%
20%
20
22
21
21%
22
19%
20%
~20V»
19 :. /
—:—,
—
.
—
,.AA External sinking fund 6s___-Feb 1961
/
—JPeb 1961
assented
6s
20
Ry external sinking fund 6s_Jan 1961
AA./A-6S assented
"
6s assented
A
External
pAA
sinking fund 6s—_
6s assented
Chile Mortgage
6%s
S f
assented
assented
7s
Chinese
Of
6s
18%
18
18%
18%
17%
18
18%
19
18 V«
18%
18
18>-~
18
18
-I960
16%
17%
16%
17%
16%.
26
27
27%
49%
65%
;
5s—_1951
27
18
17%
18%
18%
19%
30
36
39%
33
36
843i
78
-
V
„
80%
'3-
sinking
Public Works
.1977
.—1977
;
fund
5%s_
A
A;
,
50
Ai-A; V V
82%
81%
A 8<L A
33%
84
?
58%
50
51
51
.•"AL1'"-.'
51
51
•,A. A.iiAp":''1'.;
51
51
50
A
v-A-
50
83ra
;
91
89
81
A
31 %
59%
91
97
81Va
86 Va
85%
90
88%
92
35%
32Va
35
33
40
92%
109
__
106 Va
107%
ioft%
106%
106%
110
107%
—_
81
59%
38
81%
38
'i':
108
81
81
A 5.7%
--
43
81
81
58%
A, 47 %
A'
43
56%
56%
'
—
78
103
106
103%
105'/a
1953
f 5%s„
6
/
/
35%
X'i&'
.1949
C——
83 Va
,
•.,51;; A:
'
—
81
81
-/$f\
40
78
38
19%
81
46
:A'^ A".-'."'--,
21%
;
55% f
A/;; "
-A A42AA/;•A;'"
/>
74%
50%
43
-42
21
A 19
A 19%
46
,
21
19
18%
17%
73%
43
21
18%
73% ;: 77
:
21
A 19%
18 %
69
■
21%
19
Af/'p
17% >18
68%
gold 6s~Jan 1961
A 21%
Av-pi
•
'
30-year
21
17%
17%,
debt.,
19
18%
17%
•
4%s
22
19
%
18%
.
external
20%
18
18%
17-%
17%
.1970
50
sinking fund 3s
48%
Colombia Mortgage Bank 6%s__—1947
.1947
;• i 41%
42
.1946 i
Sinking fund 7s of 1926
42
41%
.il,
Sinking fund 7s of 1927—
1947
,1952
Copenhagen (City) 5s
—1952
72% ,;78 Va
.1953 i
25-year gold 4%s
.77 Va
70
Costa Rica (Republic of) 7s__
.1951
,-1951
31 Va
37 Va.
Cuba (Republic of)—
4%s
22
20%
18
*11V* 18
18%
17%
External
External
21%
19%
17%
18
Oct 1961
fund
20%
20%
183a
18
17%
1928
22%
20%
18
.—1962
j—„;
sink
17%
17%
(Hukuang Ry)
(Republic of)—•
External
18 Va
——1962
Govt
Colombia
18%
1961
,_A
22 V,
20%
20V«
20 Va
18%
V,
7s——1960
1—
Munic
Cons
21 Va
20%
20%
19%
18%
17
—Apr 30 1961
.
6s assented
Chilean
17%
1961
———
Guaranteed s f 6s
;
AA
18%
June 30 1961
—
f 6s
s
assented
6s
19%
17%
17%
18
18%
1957
——
6%s of 1926—:
6%s
Guaranteed
i#.:-
21
20%
1963
Bank 6%s_June30 1957
assented
22 Va
19
—-1963
.
22%
20%
19%
—A—/——1962
—
22
19%
Sept 1961
assented
6s
22 Va
20%
20Va
,
A /External sinking fund 6s—1962
/ ■'
20 %
,
20
19%
Jan 1961
External sinking fund 6s—Sept 1961
r,
r
20
19
20
assented
7s
!
20%
.—1942
External sinking fund 6s—:—-1960
6s assented
I960
./
111.
110
110
110
1945
..
Czechoslovak
(Republic) extl 8s
1951
Sinking fund 8s series B—
1952
(Kingdom) 20-yr extl 6s_1942
Denmark
External
5VaS
gold
External
gold
Cust
1st series 5%s of
Customs
f
5%s
.„
.—1962
.
Adm
5%s
1926
series-
1942
—1940
Administration
1st
1955
....
4%S
Rep
Dominican
5%s—-1961
(Republic)
7s_——
Finland
(Republic)
extl 6S—
French
7s
Republic
unstamped'
lCi%Al01%AA_^://\'^ *>"
-————1969
Estonia
7s
;;
101%
stamped-——1949
112 A
A—1949
———
part
paid
101%
102%
•
17
jggg
_
Haiti
(Republic) 6s series A
Helsingfors (City) extl 6%s
101
-
V 18
15%
101% 101%
,
:
1
16
17
1952
100
ioi
"i960
95
19
15%
18
95
_
Irish Free State external
5s—„i—
!
112'
101
Greek Government 7s
part paid-—1964
6s
101%
1967
1945
tr 100
100%
—
i960
Jugoslavia
(State Mtge Bank) 7s„1957
(Colombia) fitos. V/A
X954
(Province) 4s
—ZZ1954
Mexican Irrigation—
4%s stamped assented.———1943
Medellin
Mendoza
Assented
Mexico
to Nov
(U Si
Assenting
5
1942
extl 5s of 1899
5s
of
agrmt
£
18%
Assented to Nov, 5, 1942
agreement
Assenting 4s of 1904
1954
Assented to Nov 5 1942
agrmt
Assenting 4s of
Assented
Treas
Minas
6s of
to
1910_;
Nov
1913
5
.Externa) • siyking fund
Stamped
Int
reduced
Montevideo
6s
series
pursuant
(City)
to
6%s_
to
Plan
10%
A,:;
9%
16
16
13
•
12%
11 Va
10%
—■■
17.-
16%
17 Va
17%
17%
12
13
10%
10%
10%
10%
10%
11%
11%
13%
17
17%
17%
17%
18
18%
18
18%
14%
14%
15%
17%
17%
14%
14%
10%
11
16%
16%
17
14%
'./ "ii »-*t
10%
14%
V,
,.
14
%
22%
1958
383, i
38%
A
;
■
:1_1959
/
iii*-*"*-
■■ ■
38%
7
39%
41
-A;
42%
42%
:
12%
vV 18
12
'
v
12
—-4':
A':
45
42%
42%
37
1952
A—1
12%
42
47%
45%
New South Wales
(State) extl 5s_.1957
External sinking fund 5s
Apr 1958
(Kingdom) ext s f 4%s
External sinking fund 4%s
4s sinking fund external loan
Municipal Bank extl s f 5s
Oslo
(City 1 4%s
44 Va
Panama
(Republic) 5s series
Stamped (assented)
Stamped mod ext 3%s
see
99%
98%
100
99%
A
101%
103
101%
101%
103%
100%
100%
98 Va
99
98%
99%
99%
99%
99-%
100 V8
1968
98%
98%
98%
99
98%
99
98%
lOOA.,
90 A*
1970
.1955
"*
~1994
90
88%
■91
90
91
91V4
92
100
102%
100
101
1014
102%
100
45%
45 %
95-
105%
100%
95%
98
22%
47 %
AA
90
100%
100 Va
102 %
101
100
101
1011.
101
100 Vb
101
101
100
101
101
100
100
100 Va
100
99
47%
45
39
90%
90%
S4
Va
100 Vb
95%
95%
—
95 Va
93
—
■
93
93
98%
99
99%
102 Va
102
102%
101
103 VB
103
101 %
103 %
102
98%
93
:
102%
101 %
103 %
1.—
38
'
100%
101
39%
125
1
'
14%
45
'
■"
90
94
98
101
A.
39
130
100%
44
12%
46
45
40
125
'
130
•
10%
'--A A
45
120
100 %
99Vb
1-00
98
95
96%
105%
22%
| 45 %
43%
—
101%
9o
95
1967
44%
44%
•'
101%
10%
40
120
99%
100% 101
10%
A;
18
41
99%
.1963
pasre 639
99%
10%
38%*
46 Va
120
1965
A
3V2s class B
For footnotes
97%
■';■•/•
35%
44%
'•
12%
14%
12 7
1956
10%
18
„—1959
Norway
f
11%
,44%
ll'/a
iTT„«*'•
-J ./
12%
—
35%
39%/-;. 41
12%.
22%.
41%
18
12
-'v 37
37
A
-
n% A
llVa
:.,A/A
2.125%
7s
A
Ext sec ret
0
10%
U9% tl9Va
/
,
sinking fund 6%s^J
Stamped pursuant to Plan
Ini-reduced to 2.125%
-1-
9 Va
•-•A
11
16
agrmt
July '24 coup„1933
Geraes—
External
A16
iiZm
..1945
—_
1942
"...
18%
■
10%
_
a9%
a9%
"•'AA'A-
1945
-
1399—L———1945
101 Va
102%
103%
102%
105
105 Va
102%
105
105%
107
102%
105
105 %
105%
98%
100%
99%
A
98 Va
102%
-
99
106
Va
99%
101'4
98%
98
98%
98%
105%
100
105%
98%
98%
100
98% " 99%
100
—
98%
100
98 Va
—
100
100
__
98%
98%
105%
105%
.Volume 163
Number
4460
!finew
January
" ':
BONDS-
'vS
Low
February
Low
High
Low
High
(State)
7s
—1947
Stamped pursuant to Plan
....
High
Juno
3£ay
Low
Natl loan extl
Poland
f 6s
s
(Republic)
4%s
2nd
series.1961
6s_
g
assented
_1958
.w
4%s
,39%
..1968
sinking fund gold 8s„1950
assented
1963
_
External
loan
Stamped
.
to
2.375ft).
7y2s
43
45
44%
^1966
47
45
Low
40%
40%
38%
22
20 %
24
21
24%
2iya
251/4
22%
24%
23
25%
1834,
23
20%
23%
21
y 24%
21%
23%
21%
23%
18%
20%
18%;
23
20%
23%
21
24%
21%
23%
21%
23%
3834
24
23
21%
24 %
23 v
25%
35%
35
14%
24%
32
;
t
'
23%
:
22%
20%
24%.
23%
36
-
27
35
y
20
44%
.
'
24. 7:V-
'
30%
35
23%
24%
44%
47%
45%
45%
443/8
44%
45
41
28
49%
46%
38%
47%
46
44 Is
40
503B
25
27%
36%
22%
21%
22%
20%
26%
25%
34%
27
303/4
22%
2o;yy
223s
21%
22%
21
26%
25%
34%
26%
30%
28
28
26
26
17%
213A
18%
18%
27%
27% y 25
30%
28
29
39
P'"",
38
y
25
3034
48% ' 48 y4
47
7
•
33
30 %
213a
20
27%
34
,
23%
'■[
251
26
27%
a
25%;
-
48%
49%
38
71%
71%
39
%
43
34
—
23
20
20
16%
18%
34%
25
30
23
28
25
25
18%
19
17%
19
47%
49%
45%
49%
24 %
'
24%
22
23%
46%
49 %
49%
41
41
46%
47%
40
26
47%
'. .V
23
46%
24%
29
y.:y
24%
32% '
;:
32%
23%
26
33
:
47%
i 47 .-:;- .47%
A
24
29
'•*?
43
37%
■
46%
40%
High
32%
7
24 VB
.
47
".y 41%
45%
22,/2
121
:' v
41
45.
45
24%
;24%:'
27%
45
Low
20%
24%
y:
24
44%
High
34%
29
.
Low
High
22%
$$
25%
24
24
28%
23%
44%
25%
24
:,V;
■.v.
\, h.
;',y
23%
32
16
December
November
October
Low
High
43%
"
—i
34%
•
14%.
Low
44%
44%
45%
45%
47
203i
2001
.
Plan
to
pursuant
42%
High
September
August
Low
High
y
18%
Alegre (City)'8s
—1961
Stamped pursuant to Plan A
reduced
41%
Low
High
t
High )
July
77
19%
Porto
(Int.
43
—1947
—
'External
39
1949
Stabilization loan s f 7s
4%s assented -4.
;
38%
A
'interest reduced to 2.15ft)_2008
Peru (Republic) extl s f sec 7s
1959
Natl loun extl s .f 6s 1st series—1960
/:■/'
york bond record
March
*'
Pernambuco
63$
THE COMMERCIAL & FINANCIAL CHRONICLE
;
■
41%
'.'
•*'
•
-
■
,
47 '
42
42
83
82 y2
82%
46%
45%
45%
45%
47
40
1
—
■
1t
4* OC
47
*
Int
Prague
reduced
to
2.25ft
2006
(Greater City) 7%s
(State) 6s_"
Rio de Janeiro
(City)
;
1947
;
8s
1940
Stamped pursuant to Plan A
(inc.
reduced
External
secured
,'V
J-'
1952
Queensland
101%
103
42%
v 102
42%
102%
43%
102%
46%
1953
Grande
do
Sul
45%
41%
40
43%
43%
45
42%
44%
413/i
38
38
35%
37
36%
36%
49%
49
51
51%
1
^ 01
38%
40
J;
■ j"
43%
46%
2ft
40
40%*
40%
46
46%
//External 8s L
,'V- Stamped pursuant to Plan A
,(j,if/;..,
50%
42 34
45%
37
38%
50(4
-v.
.: ,35%
52%
.•
53
51%
54
45
'51:
41 y2
45
42%
42%
37%
36%
48
'45%
4o:Z:
413/4
38
46%
46 3/8
.46
41%
37%
38
■/—yy..
46 Va
46
95 Ve
97
483b
39%
—
43%
36%
40%
-
39
r
__
;
48
£
45%
.'V
44 V*
42 y2
36%
y
38
44%
y
44%* 44%
/
7
45
36
.47%
36%
T-v}V-|
40%
40%
__
39
..
48
>
39%
•
98%
98%
48%
49%
41
42
37%
50%
50%
94
r50%
-y
40%
43
'
r50'A
Va
49%
53
42%
43
42
43%
46%
47
(interest reduced to 2.25ft—2004
40%
43%
Bk
41%
37%
•
60
'
; 37%
60
:
45
43
y ■43%
37
62
y
—
.
43
,
44
V4
•
y
37%
'37" '
—/•
61 Va
62%
57%
61
60%
60
_
53
46%
53%
%
62
58
—
y
52 % ,.52%
58
52%
53%
—
53
53%
•53%
60
60 %
61.
60
60%
53
■
52 Va
46%
46 3/4
48
48
48
48
47%
39
39%
42
94%
__
■
51
•■:
60
59
46%
39
—1968
'
•
50
*. -f;
—
59
59
48
43%
52
57%
49
49
61
42%
,
A 94
57
57%
57%
v
94
37
94
42
43
/''.•V'f.'V;
.
52
■
94
.
473A y 47%
"43% "l
48
1956
95
.
56
44%
41
42
94
48%
42
96%
47%
..
2.5ft)__1999
6s
tj.y'T'i'w'-•''!
45
43 %
35
40%;
■
45%
—
Stamped pursuant to Plan A
loan
;
.
36
45%'
48%
96
-
1950
'External water loan 7s_
dollar
43%
46%
(interest reduced to 2.5ft )__1999
External
46
40
36%
■
yiij'-.';
39%
Paulo (State) 8s.—.1936
Stamped pursuant to Plan A
to
41%
42%
95%
,
2012
(interest'reduced
43
40
41%
yV;/
•
37%
2001
sec sinking fund 6%s__1957
Stamped pursuant to Plan A
San
42%
.
45%
93%.
'45%
External
to
'r
•y
1952
w.
Int reduced to 2.375 ft-1
reduced
44
43 7 8
46%
43
3i
44%
,43
43%
43%
_
Int
50 'A
.
Stamped pursuant to Plan A
-
43%
*
50
40
39%
42
1967
'
38
/-/"■
Int reduced to 2.25 ft—/—2004,
Santa Fe external 4s_
1964
/•".
102%
50
*>•?
■
y
52%
42%
42%
.37%
■
/
8s
102%
47%
1041/2
49%
50
80
79
79
102%
104%
48%
47%
47
48
38%
40
1966
Stamped pursuant to Plan A
85
104
^
-..2004
7s municipal loan
(City)
48
36%
2ft)---2012
Stamped pursuant to Plan A
Paulo
46%
y
External 7s loan of 1926
84%
104%
41
47%
'
San
1041a
79
85
84%
104%
;
103% 104% 104 y8
49%
49%: y 48 la
47%
104%
-
sinking fund gold 6s__1968
Stamped pursuant to Plan A
-
104
35%
External
4
■'
8i
103% 104%:
50
49%
•.
(State)-— /
Int reduced to 2.25 ft
104%
•
39%
External 8s loan of 1921—-1946
Stamped pursuant to Plan A
(Interest reduced to 2.5ft)__1999
(interest reduced to
45%
41
2001
Stamped pursuant to Plan A
.(interest reduced to 2ft >^,2012
Rio
103%
45%
'■■/////
to 2.375ft)
6%s——_
104
40
50
50
51%.
51%
58
58
53
53%
43%
83%
46
46
46
46
49%
50
53%
76
78%
74%
74%
79%
76%
70
73
y-M
71
20%
21%
Stamped pursuant to Plan A
(interest
reduced
to
2ft)
2012
Secured
sinking fund 7s
Stamped pursuant to Plan A
(interest
reduced
to
37
1940
3.50ft)_1978
:
40%
43%
76%
73
73%
87
81%
':
69%
79%
73
73
73
23
25%
20%
21%- 1
20%
21%
25%
20
217/s
20%
21
31
29
29
—
..75:/',
Serbs, Croats & Slovenes—
External
secured
8s
External secured
Silesia
(Province)
4%s assented
1962
series
7s
external
B
2334
24%
————1958
-
27%
23%
.28
1962
7$—1958
27%
32
30 %
24
22%
101
103
Sydney (City) sinking fund 5%s^_1955
Uruguay (Republic of)—
External 8s
—1946
External sinking fund 6s
—I960
'27%
30%
22%
23 %
lp2%
103 %
y--
•.—-
3%-4-4%s
External
105
external
external readjust
readjustment
81
jf.-'.r'.v/Ayy;-''
'
South
Paper—
1st
82%
83%
72
87
y
90
'
72
78
22
.21%
:
—-1953'
A---1967
:
—
--
96%
16
102%
27
203i
.■
y8
"'V
-
85%
86%
90
89%
90
V 94%
is.
:i-
18%
»
85%
S'
95%
81%;- 91%
80 v
22
//iyy
124
'T:*i v.:-'
92
90%
,
v
:
90%
17%
Pfj: yy
__
102'A 104
"124"/;.
'f-i
90
19,./;
22%
22
-r—
89
80
■
103%
;r~~
85
89
1
'
•
•/
84
lm
'
•
-V
:
90%
89%
20 Va
JL5V4
■
91%
.,
12%
16
,
15%
14%
-'PW0.
!®i
100%. 105
1—A;?'157 :
100
100%
105
103% 103%
•103%
''
J04%
—
103
104%
103.
,
__
103%
103.% 103%
103%
103.
1031
103%
,
103%
.
103%
104%,
109
104%
108%
108%
107% 108
103%
102
102%
100
101
102
102
100
—1946
102
102%
102%
102%.
—
—
,
100
107 "
*
100
1st gtd 3%s
General mortgage 4%S—
105%
Allegh & West 1st gold guar 4s—1998
Allied
Stores
103%
Amer
8c
95
104
:
f
97
104la
106%
103.'
103%
Zpi
104%
--
95
96
96
94
98
__
97%
97
.
-
103
103.
-
106%
" ' ■
—
/.
—
102% 103
'
-
'
■:
^
-
98
'
—
'
' '
97%
—
103%
'
,106%.
107%
100
102
100
:101
101%
10p% 100%
115
109
112
111.
100
98% 98%
a '
101% 102%
'
.
100-
102%, ?
101% 102%
102%
102%
103
102
103%
108
108%
108% 109%
108 *1 109%
108
105% 108%
105% 105%
105% 105%
108%
106% 109 %1
108% 109 %
108% 109%
105% 109
105%: 106%
105% 106%
105^, 105%
,105% 105%
119%
121%
122%
128%
143%
136% 140%
104%
102%
104
103
113%
—
104%
103%
102
,
100 .100
—-
—
1C314
104%
107%
107
102
JL
98
i.
—
104
106
104% 1047a
....
„
107
107
115
-i-
104%
104%. 104 y2
103 3/o 104 %
101% 102 ,101% 101%
102%
—
112
104%
ww.-;
104%
102
102% 102%
106
109
108 V4
,
101%
97%
98'*
—
:•
107
—
100% 103%
99% 102 '
104
4:.; .V—:/v
101
114% 116%
-'4:
V__:'VV.Ui
—>
104
^
•
•
97%
■
—
__
.
99
%-
—
-
101% 102
—
106%
105%,
106%
105
—
„
101%
__
160
101%
V
V
103% 103%
102% 102%
—
102%
105% 105%
,
100
.
160
100% 102
155
155
100%
__
107%
-A','V
97%'100
<
,
105%
104 -V
103%
107%
107% 108'
107% 108
100
102
—
T 100% 100%
100% IOOV2V 100% i00% '^
^ 5
107%
,100%U01%: ;
100
102.
"
__
'
104
103
„
rl05% rl08
__
105%
103% 103%
__
__
109%
102 Si. 107%
89%
93
Corp 4%s_
1951
Foreign Power deb 5s
2030
American I G Chem conv 5%s_—1949
101%
108
—.
100% 102
„
1975*
———i—
157"-':-'' iV
.
104%
106%
v
__
100%
1954
10434
104%
104%
104%. 104%
103% 103%
103%,
103
103 v 103 y
103
„
100% 102
—
•^16% •16%
110
-
16
y,
'.v,f .?•••
1-1948
Called,bonds
17%
18
82%
86%
87%
25
>
-; y
assented
3y4S—
•
'
:76s
Alleghany Corp
23
.18%
__
102%
—
109
Albany & Susq
,
'
.
»
15
3%s.,...———1972
Albany Perf Wrap Paper Co 6s
1948
warrants
24%
110
87
87
"s.
•;k v W&'&i
Alabama. Power
with
&
82;
91
72
21
t
•
ser
87
21
-;-;/yy;
.———1953
3%s
m
87
177/a
21
: ■;,
10-year debenture 4y4S stamped-1946
Gt
85
ygpm
J
.
Adams Express coll trust gold 4s—1948
Collateral trust 4s of 1907—1—1947
Ala
87
\
82
20 Va
15%
187/B
16%
-•'
?'/
83%
89
86
ww
85
1984
Railroad and Industrial Companies
———
88.
84
82%
79
■'71
101%
23
—
•■
16%
v&iwfA
yyy/A"
;•-4;.yyy
?
—
,21
100%
102%
y71
1
:
23%
23%
100
.
'
(City) external 7s
^.1958
A%s absented—^.-..-:.»>wi958/
5s series "A" plain---,
is 5s sta mped —'
—
—
81%
_1978
external
Abitibi Power &
i'.Ks
j
80
—1979
conv—_1978
Warsaw
,■[
105
y. *
■
1937)—
conversion—
4-4V4-4%s
3%s
of
readjustment—.——1979
External
3%-4%-4fts
v
bonds
'$
25
23
100%' 101%
20%
4,1 i
v
48
•
103%
100%
103%
American Telephone & Telegraph—
777 3 %s^ debentures—-i 1931 i
]:P' 3 %s debentures—,——i.—-1966
23/45
debentures
2%s
—_i
debentures
American Tobacco debentures 3s—1962
Water
Amer
1969
—
& Elec
Wks
6s ser
A-1975
Anglo-Chilean Nitrate debenture^—1967'
Arbor 1st mtge 4s_—
July 1995
Ann
Ark
Mem
&
"Armour
Adjustment
Santa
103% 104
122%
124%
131%
135%
134%
103%
104
103%
104
103%
101%
101
10334
103%
103%
103%
103%
104
103%
104
103%
1037a
103%
103
gold
115%
112%
114%
110%
113
111
112
110%
112
112
113%
112%
113%
71'
73%
y 94 yy 97 y
80 ,y
80;
77 y
,
97
W-'
,
I.
87 Va
81
98%
99
100V4
105% 105%
Convertible
&
,1
141%
146%
145
103% 103%
103%
105%
104%
105
*
10374
104%
103%
105%
104%
105%
105.
106%
112'/a
115
113
114 vy
110%
114
110 3^
IIOV4
85%* 87
87
100 4.102f
88%
99% 102
104
104
106%
106%
90'
86
90
105
104
"
.—
87%
'■ 101% 102
99 :
-
—
96 !
100
—
*
883/4
9,7
Line
Louisville
8c
mtge
105
106%
106%
107
106
102% 103%
129%
106
107%
v
102%
103%
103%
106
131%
131
131%
131%
132
131%
133%
131%
133
121%
123
123
122%
115%
120
120%
120%
118
120%
118%
121%
121%
110%
llOVi
110%110%'
110% 111%
110%" 110%
110%
111 Vi
110
110
1963
106%
107%-
4s__July 1952
1st g
4y2s
104 %
106
series A
coll
Nash
Danville
8c
.
.155
y
•
106%
105 Vat
99.
t
1053/4
92%
/100%
—
'
f
' -s
;
:'
./y
104% 106%.
106%
105
105%
107%
106
107
132
129%
132?:; 127% 130
;
106%
1057/e
105% 106%
106%
131%
"
104%
92
92 y
no% 100
y 90 y2
90%
99'
•
106%
106
.105% 107%
105%
106%
104% 107%
fV-' -M'ft-'
:,y
.
122%
ni y 111
111 y 111%
127%
130%
1293/4
131%
116Vi
116%
131% 132%
122%
122%
123
122%
124
Ill
111
111%
111%.
111%
111%
lI6%. 111%
110%
110%
109
123
123
123
123
116%
117
119%
120%
122%
123
111
.
129/
122%
119
121
116% 119%
117
119%
119%
121 / '121% 122
121% 125
121%
11031
122%
121%
111
,/
127%
110%
110%
1103?
llOYe
llOVs
11032
110%
110ft 11035
110Va
11035
110%
110%;"' jy
106
;
109
Line— v.;
Air
unified
89%
97% '
89%
97
96
-
112%
117
mtge 334S_1_
Atlantic Coast
106
112%
July 1995
1955
1955
1910—1960
gold 4s of
Char
102%
101%
102
144%
140 %
:
jfl4%?
July 1995
4s
———
—
.
101% 103%
102
103y4
146% 151%
103% 104 •'
114% 114%
87 V 87%
104
113,
113;
y-v'--;,'..
1995
102%
101%
101%
102% 103%
102% 103%
100 %
100%
Fe—
i
'
2nd
104 J's
104%
due_^____-1975
8c
Convertible gold 4s of 1909
'.Convertible gold 4s of 1905!
Atlantic
101%
101%
104%
!Stamped
1st
102
1964
Topeka
General
101%
112%
//General 4s ——H
Atlanta
122
105% 105%
(Subordinated)-
;
118%
1978
mtge 3%s series "E"
4%s cum income debentures—
Atchison
124%
Ry Bridge & Term 5s_1964
(Del)— 7fty ;y.:y;>
-
—
3V 105 ft,
100%
101%
116
debentures-
i 71st
/
104% .10$ ft
105
Co
&
income
7s
109*
——--1975
—
Convertible debentures 3s——1956
:f)f 3s debentures
,
108
i.1980
1st
1964
gold 4s:_1952
gold 4s___1948
4s
1948
Atlantic Refining 3s_—
1953
96%
100%
105%'
105%
45 y
41
104%
50
46%
105 V
105 s;
104%
98
107
-•*
105
105%
104%
105%
105%
104%
106
105%
107%
105%
109%
107%
108%
106%
108 %
106%
108 %
109 %
105
-
105%
1053/4
105%
105 7/b
106%
105%
105%
107%
1053/4
106%
105%
108
107 %
110
107% 109%
107%
1061a
109
109
113
111%
44
47
42%
106 V*
y
105%
32
106%
108%.
106%
108%
106%
108%
44
46
44
46%
45%
48%
46%
50
40
42
105%
105 y4
106%* 108%
104%
103% 106%
44 ~ ' 46%
41
103%
107%
1073b
42
39%
41
39
40%
38
42
103% 104%
103%
104
103%
104%
102
103y4-
102% 103%
102%
103%
103 V*
105
104% 106%
105%
106%
109%
48%
*
104%
.
107 %
50
39
?
41 *
r
103
103%
109%
43
49
35
413i
102% -103
:;
43
36%
-
;
102% 105 y
?
102%
45
38
103%.
47%
43
34%103
37%"
104
36%
35%
104
103%
113
47
35%
39%
1017/«
102%
Baltimore & Ohio RR—
1st mortgage gold 4s
July 1948
Stamped modified bonds
1st mtge (int at,4ft to Oct 1
y,: *
1946) due
July 1948
98%. 100%
98%
f 105% 106 »/a
:
^ ,-'
v
.-
102% 103%
102% 106%
104
'
107 .105
1067/b
•:
..
——
.
Ref
„lft
-
Ref
&
series
gen
to Dec
8c
lVsft
gen
to
1 1916)
series C
Dec
For footnotes
1
see
(int
A
due(int
1946)
102 1
' 99%
104%
102
1995
66%
77%
69% ,..78%
-
76%
at
due__1995
page 639
99%
104%
102
102%
103%
104
103% T07»4
103% 105%
101%
104
yy
102y8
103%
105%
103
103% 105%
at
75%
87
79 y2
90
84%
80%:
89 %
78%
84 V*
83
90
;;
76%
80%
87%;: 84
91%
88%
88V4 .:/ 78%: 853%:
92 Vs
87 V2
91%
68 'I
80%
75% 4 88
75%-
82%-
81%
81%
87%
86%
;
91%
85%
85
91%
91 % 100%
103% 104%
90»%
97%
98% 102
THE
January
■
BONDS
Low
March
February
High
Low
Low
High
COMMERCIAL
& FINANCIAL CHRONICLE
April
Low
High
.June
May
High
Low
High
Low
(Continued)—
Ref <fc gen series D
(int at
1% to Sept 1 1946) due_->-2000
Ref & gen series- F
(int at
1%
to
66.ya
69
Convertible due_;
55
a,
56% I
66
Pgh L E & West Va System—
Ref gold 4s extended
to^.»_195i
Southwest'n Div 1st mtge (int
at 3%%
Toledo
to Jan 1 1947) due 1950
86
91
refunding 4s„_1959
t
99
80%
78%
82%
75
:v;;
76%
80%
18V*
82%
75
•;
64%
70%
66'A
71%
;>97%
99%
97%
99%
:
88
7 J.
75;; .A
98
100%
99% 400
96
,
833/4; 88
87%
.74 3/4
833A
66
-
87%
y*
94
'
89
x
95 Vi
?
97
92%
963/4
93
97%
96%
99 Vi
94%
V
97
100 >
97%
100%
•
99%
90
897/e
95%
94
96%
95
98%
96
90
90%
95«/a
943A
97%.
96%
96%
98
96
97%
90%
.
y*
1st 3%s___1951
99%
August
High
Low
79;
85
75
81
-
80%
84%
75%
81
-
80%
84%
043A
;.733A
*62'A
59% ;; 67%
.997/8
96Vi
99%.
97
-
-99%
903,4
98 V'.:
94
-
,96 %
101
99%
;
102 y2
102 5/a
99%
:
101
130%
130'A
131%
130 Vi
131
100%
100%
101
101%
ioi
IOIV2
101%
101%
101%
Bethlehem Steel 2V*s series F——1959
Consolidated mtge 3s series G—1960
Consolidated mtge 3 Vis Ser H„1965
106% 107%
107
107%
107% 107%
107% 107 Vi
106%
105
105%
105
105%
107
104% 105%
106% 106%
104%
106% 107%
107
Cons mtge 2%s series I
^—1970
Boston & Maine 1st 5s A C
........1967
;
1st mortgage 5s series II__
_1955
105%
107%
104
106'A
104
104% 105%
106
106 y2
106 y8
93%
129%
1303A
102
102
103
105% 107%
104
105%
105
105
103
105% 107
106% 107
94Vi
91
102%
106%
90
,97
1293/4.130%.
10l3A 1013/a.
107%
104
97 li-
943A
1.05 ;
92
\
93
91-
1
High
84
/
91%
90
84
.
v
91%
90%
96 oe
74% '78%
71%
72 Vz
9.7%
;
.
78%
100%;
99% 101%
101
100
97% :; 94%
100 Vi
98
99%
'
95
December
Low
High
99% 105
102%, 103%
100
100%
100% 103'
98% 10O
101%;
93
95%
95%
93-
96
96
129%
92%
130
]L03%
99%
99%
99
100"
102%
129 y8
November
Low
High
80%
66 Vi
97%:
*
October
Low
High
67%
55 Va
:
106%
102%
5s ser C—1960
Beneficial Industrial Lpan 2 y4S___1950
2%s debentures
—1956
Low
,973A
-.
ZV.
100%
98
September
High
.85%
793/4
:
99%
90%
86
——
98% 101
86 Vi
Bangor & Aroostook consol ref 4s,_1951
Stamped 4s
—1951
Beech Creek Extension
66
76
;;;
*.(
Div
Cinn
78%
94%
Feb 11960
78%
69%
7,7 y2
Sept 1 1946) due^l996
July
Low
High
Bait & Ohio RR
Thursday, January 31,1946
Bell Telephone of Pa
:
1st
gold 4%s series
1st 4s series RR_
,'
i960
98
;
Income 4 %s series A~
,.1970,
Boston & N Y Air Line 1st 4s_
1955
Brooklyn Edison 3V4s———,
losq.
s
f debentures
Stamped
3%
ser
Certificates of deposit
64%
_
cons gtd 5s A
1962
Canadian National gold 4%s
£
1957
Guaranteed gold 5s„—Oct 1969
;
gen
5s
General
4s
Guaranteed
1st
ref
1st
76%
74%
73%
81%
76%
84
108%
105%
107%
gtd 4s_;
81
•
107
106%
106%
100%
101%
100%
75%
.,72%
99%
•78
109%
109 A
109%
107%
IO53/4
108%
107%
108 y4
106%
105y8
108%
1073A
106 '4 105 y4
106%
106%
105%
106%
105%
106
105%
110%
109%
110%
110
111%
110% 111%
111%
111%
109 4; Ill i
107%
73%
72
67%
:
100%
71 Vi
75%
;■■■ 108y8
106% 107
74%
69
•
73%
,
69 Vi
1014
' 9g% '.l00%
-733/4.
75
72%:
'.,',75
105
108%
'::,V
111%
85%
75%.
79
76%
80%
76%
-
82%
80%
108%
HO'/aIio3/*.:
83%
31%
34%
33%
36%
33%
:
48%
46%
50-
34%
31
33 y«
34
35 Va
33
47
45
102% 102%
102
102%
103
101%
.
88y8
92
99
103%
103
81
■
106
-
105%
108
*
109
49%
46
103%
$3%
46%
4
75%
46
39
44%
43%
43
92
97
98 y2
97
98
96
97%
104
101
102 V*
102
103
103
103%
:
4
100%
108%
107%
108%
107% 107%
107 Ve
107%
107%
107%
107
105/
105
96y4
107%
106%
107
106
115% 117%
120
120%
115%
116%
113
121
113%
120%
us:/
1203,4
121%
117
117
117%
1198/8 120%
116% 117%
*
H
II73/4:
117
1173/4
1163/4
117%'
117%
118
117%
117% 1173/4
117%
117%
117
119%
120%
120%
121%
121
121
121%:
1193/4
117% 119%
113% II43/4
119%
114%
120 y*
120
106%
106%
119% 119%
114% 115 v
106% 106%
119%
106%
102Vi"
102% 103%
1023/4
105%
105%
1063/g
104 3/8
104%
103%
104%
103%
104
103 y2
io4y4
107%
113%
112
112%
113%
115
115
111%
111%
110
108% 109%
**
121%
120%
117 -B
117 :•/
120%
119%
118
120%
118%
113 3/4
U9 y4
114%
113%
104 Vi
104%
104
103%
106%
104.
1043/4
1033%:,
104
103%
104%
115% 115%
114 rf.! 114%
118
121%
108
108 /: 109
118%
.
£? 114 4; 1143/4
:
104%
;
V:
.
f
85
40%
42
104
104%
84%
44%
39%
-
48'A
106%
1053/4 106%
107% 1073/4
863A
43%
51
/42%
'
105
105
:
49/;
'4
105
93
88%
101 Va
103
103
104%
104%
107 Va
107%
108
108
108% 108%:
108
v
;
105
93%
93%
97
105;
116 y4
118%
115 V 120
119
1183A
119%
119%
-
1173A
113% 114
103 SS
96% 100
;
104%
1153/4 116%
116
116% i
1163i
117%
119%
1193/4
120 »A
121
1143A
103 SI
103 A
116%
116%
117% 117%:
121% 121%
118% 1193/4
114%
103 ft 103 A
118%
113%
107
118% 119%
121% 122%
121'A
11578 116%
117%
105
106%
105
117 y*
-
/
117%
3V 104 JS
1043/4 106%
103 :
104%
121
,79
81%
4/4 50
106%
107% 1083A
,
101
116
116%
116% HQ'/a
119 Vi i2oy4
116
116%
120 y8
113%
115
106
1053/4
; io6%-i06%
85%
118 Va
117
41
103%
•
116
105%
114%
103
119
119%
117%
105%
79%
X41
118
117 :/ 117.%
,
793/8
483/4
108
121
118
:
•.
114% 116:/i
i
104 %
98%
105
116
119%
116%
98
.
115
115%
116%
104%
104%
106% 1063A
105% 106%
1063/4
1053/» 106
109
109%
,
4/ 51 Z
103
102%, 103 83%' 97 /
103
108%
106% 106% * 106% 106%
107 ft
106
105
92
115
107%
107% 107%
105 y4
106
103
107%
QQ
104 %
1073/4
74
85%
43%
,
44%
103 y8
.
103%
•
86%
82
46%: 51
45% ' 49%
103
103%
.>.'"47%
106 2;
112% 115%
118% 119%
107 y8
105%
106 Vi
108 y2
120% 121%
114% 115
107% 109
114
1053/4
106%
105%
106%
106
103%
103
103%
102
ft 102%
113
113
102% 103ft
107%
103 y8
:
.
lOltf 102ft;
121
104 s/8
106 y2
:
83 y8
104%
1043/4
78
.
80
81%
1043/4
106 V
1043/4 1043A
103%
113
113%
108% 109%
81%
104%
1043/4
73 y8
78%
73
80 e;
103
106%
93
87%
90%
65%
54
58%
19%
14%
173/4
103% 103 y4
75-
86%
83%
-
85
# 104%
115
108 3%
103
87%
86
103%
115%
120%
/
88
88
86
1023/4
102% 103%
115%
115%
107
116%
108%
107
4
107%
/
81%
-
103%
85%
103 ;
:
83
106 3/4
97%
106%
85
107
87%
1073/4
83
83
101% 1043/a
104%
97%
97
97
107% 1073/4
-76
68%
18
14%
16%
14%
18
/
14%
16%
133A
16%
14
17
/
67%
67 :
73
33 <',"
33
37
66
67
31%
108
106%
X63%
29%
108
108
88
104
104
104%
88
«
903/8
97 V
100%
:103 V; 103: >
89 »
84%
104%
87 .v:
106%
91
102%. 103%:
;
97%
473i
99
98
39%
43%:
39%
44
37%
40 3A
34%
38
41%
353/4
393/4
103%
105%
06
,
37%
35%
*
963/4 100 %
96%
85
85
353/4
423/4
105% 106 Va
108
101
108
108%
103%
100
a71';V
23V£
21%
233/4
20% :: 28 ;: V
73
79%
79
>
38%
105% 106%
107% 108%
/
16%
-
72
17
•
/ 108
109%/
99%
98% 100
43
40%
50%
41%: 38%
49%
45
36%
38%
38
/
66%
108
363A
(
104%
85 y8
>96%
54%
31%
107% 109
102%
83 Va
100
57
72%
.
/ 1033/4
77%
92 t
533A
35
96
103
77%
92
89
95 ..." 100
92
88%
87%
V
98
99
533%
51%
,' 41%
47%
42
,72
25-
-
18
23%
20%
20
23
V'
23 Va
20
19 %?
79%
70
74%
'•72%
42%
37
39%
22%
74%
40 -M
22
.
18
84
70
43%
43%
V,
40
>
108 >
XlOlV
102
.49%
;
108 > • 108
102%
'
38
42%
41%
48
38%
44 >•
>98V4 100%'
102%
45 /V
;
36
-
40
43%
V
38%
37%
44%
41,
35%
383/4
108
'39%
80
78
81%
40
24%
25%
108
101%
78%
39%
37
108
100
99
.
:
42% ? 48% >41%
39% .'46
39y#
45
38
-79%:
22
37
.98% 101%
413A
105:
22%
108
40'A
42
,-;25%
19% >25%
108
f 95
90
20 V a
25
22%
22%
41%
:l;37%
42
>35%.
44
108.
100
47.
453/4
41
104% 106
37%
105% 107 5
107% 109%
104Vi 106%
108% 109%
104% 105%
"37%
104% 105%
104'% 1053A 104% 105%
108% 108%
102% 103%
107% 108%
107%; 108%
106
102%
1043/4
102%
105
100% 104%
110%
108%
X99
81%
75%
104% 105%:
101 y2104%
105%
72%
71%
52%
48%
43%
95 >
101 y«
65Vi* 74
55-
■.
88%
102
78
108
103%
47%
: 47
^
:
108 vA
101
V
45%
44 V
A
V;:
62
79
48 :
108
87
82
82%
22%
.
87
37%
,41%
109
>109
100 '102
28
,
89%
104% 105%
—
86%
.953A
.
75%
84
—
—
106% 107
-
lOl'A 102%
'
107
"
77%
103'%
1053/4
.
90%
108
105
105/
105%
101%
■
101
107%
105 V4
106% 106%
107
111%
1Q6%
105%
1063/4
;
106% 106%
997/b 100
38%
66
locn
773A
.
107%
30
1949
gold 5s„„
•:67%
4 66%
106% 107%
38
series A
■:/
.78
// 101
-
106
99
>
76y8
107%
*>"1974
ref
72
106%
15
10117
Central N Y Power 3s
Central Pacifio
74% '
106%
10^7
—
1013/*
75
107
10037, 100%
109U HO
1987
48 registered
101%
72%
108%
14%
1959
i_
100% 1013/4
105
100%
110^
110-fe
53%
Central Illinois Light
3%s—..1966
Central New England 1st
gtd 4s„ 1961
Central of N J general
gold 5s,
1987
.
106%
129% 130%
I2934 130%
103% 105
"1959
C_.
,
106%
1091g
78
iod?
-
W
.
108
111%
Chatt Div purch
money gold 4s_l951
Mobile Div 1st gold 5s
.1946
5s registered
106 >
79%
1965
—
series
106
106
108
107%
105
Ceiotex Corp 3%s-, debentures,—1955
&
108-
106
63%
69%
108%
109% 110%
Central Branch Union Pac 1st 4S__1948
Central of Georgia
Ry.lst 5s_„Nov 1945
Ref
107%
106%. 106 Vi
104% 105%
108% 108%
1962
—
series B
102%
107% 107%
ioiy41013/4
107% 108
101%
108
106,.*
106% 107%
99 Vi
96%
1951
Celanese Corp oi America
3y2s_
5 Vis
101%
107%
107
v
100%
-
gen
105
107%; 107%
115% 117%
112y4 113%
—1956
.
Carolina Clinchfield & Ohio 4s„—1965
Carriers & Gen
Corp deb 5s w w__1950
Carthage & Adiron 1st gtd 4s
1981
&
103
116% 116%
116% 119
1970
■
6%S——I1946
5s
103
105
100%
113"%
116% 118%
116% 117
Canadian Pacific 4%
coup deb stk
Collateral trust 4Vis
,—1960
Carolina Central 1st cons
gold 4s 1949
Certificates of deposit
gold
1033/4.
105 %
101i3e
112
June 15 1955
—,
102 >/8
•
•
.
107% 108 >/a
106% 107%
103% 104%
_1974
,
102
108%
86%
92y«
97% 100
;
Canada Southern
Guaranteed gold 5s_>..
Guaranteed gold 4%s
Guaranteed gold 4y2s
Guaranteed gold 4%s_
Canadian Northern deb
101% 102%
107%
101%
—_1968
:
102'
101%
74%
32
5s—11960
stamped 1st
Ref
63%
76
31%
1955
„
California Elec Power 3%s
Calif-Oregon Power 3yas
Consolidated
68
103%
73%
_
—1952
Consolidated 5s
.■>/ Debentures 3s
1
1013/8
101%
•V
i
Bush Terminal 1st 4s__
»
75
103
102%
102%
106
100%
72%
:
Ry—
(interest at
modified
to
Bush Term Bldg
72% ' 77
106
101%
99% 101%
80%
101%
101%
109%
1946) due—:
1957
Burl Cedar Rapids &
Northern 5g_1934
;
106% 106%
100%
102
102%
100 y*
106% 106%
102
102%
*
105%
B—1981
C—1967
ser
106%
-
130
107%
—1969
Buffalo General Elec 4%s
Buffalo Niagara Elec 3 Vis
Buffalo Rochester & Pgh
102%
129%
109% 107%
y4101%
105% 106%
104
70%
63%
101% 101%
102 %. 102 V*
:
129%. 13034101 Vi 101 Vi
110-,V 1103*a
-
4s
.
102
130%
101
Brooklyn Un El 1st g 5s_
.——..1950
Brooklyn Union Gas 1st ext g 5s—1945
1st lien &
refunding 6s ser A«—1947
General mtge s f 3%s
1969
/
105
104
129%
101 Va
105
-
105% 105%
1961
129% 130%
110%
110%
89%
90
104 (105
104% 105%
106% 107%
103% 104%
106% IO73/4
;
108%
•
104% 1003/4
;
4y4S to Aug 1 1949
Central RR & Banking 5a
stpd—
1974
1942
Partial redemption -—-.a,
a a
Certain-teed Products 5Vis ser
A—1948
Champion Paper & Fibre.-deb 3s—1965
Chesapeake & Ohio Ry—
;
*
General gold 4Vis
cons 4s
gold 4s_
Ch cago
&
Chicago,
Alt
RR
ref
Burlington
gold
&
1st
&
1st &
1st
&
'
105 y4
106%
103
103
88
110%
;
89
v
101
89
90
> 89%
107% 1073/4
89%
89%
89Vi
•
■.
\
;■
109
—
89%
143% 144
105 % 106%
105%
105% 107%
143% 145
1053/a
105%
144% 145%
105y4 106%
105
;
105%
105 V
106
129%
129%
,
—
"
■
32
44%
363A
'
1958
112% 113%
104% 106
105.3/8
"II
106%
5 ''
35y4
38%
111% ,112% ;112% 113%
113% 115
refunding 4lis series ~B "1977
refunding 3%s—_
1974
ref mtge 3
%S—""""""ior*
46'/a
47%
46'/,
113
129% 130
393/4
J37
114
a"
144% 1453A
'
48
56%
115%
115
106%
X66
130
131
131
; 130
-
137
140% 143
105 Vi
145%
104%
104%
;
140
: >'
130 Vi
54
48%
140
139% 141%
-
105% 106%
54
.
59
:
115%
1057/8
1057/a
105
106
128% 130%
1013A 101aA
128% 128%
130%
141% 143
105% 106%-
105%
1043/4
106
105
'
—
131
131-
138%
1043A 106
105%
105
105%
Vfc.i, * >v'-
"
;
130
130
125 v
49%
•
115%;
114
105% 106%
-75
105%
?
104%' 105 y«
114
1123% 114%
105%
104%
f^:/V;A>/;;;,125V;:>l25:V/.
^0%
115
143
105
105%
104% 105
102% 102%;
115%
57-
412% ,114
45%
112
-
114 ViS
•
104% 104%
56% a, 81
113
50%
55
125
-
52%
55%
60
693A
61%
68
67
•,
Chicago & Erie 1st gold
1st
114%
102% 1043A
1988
"
1947
A—H1966
1st & general 6s
series B.JMay 1966
& South 50-vr 4s
Chic Milw & St Paul 4s
ser A—Zl989
General gold 3Vis ser B
May 1989
General 4y2s series C—
1989
Chicago Indiana
General
E——MajT 1989
4%s series F
Mav 19ft9
Chic Milw St Paul & Pac 5s
ser A-1975
Convertible adjustment 5s__„_
2000
4s series A wi„
1994
4 Vis series A wi_
.
4y2s
903/4
; 65%
1947
B—I II1947
General 4Vis series
139
140
140
440
673/4
.
140
inc
series
B
92%
97%
96
74%
66 Vg
713/4
68
91%
84
79y8
86%
79
84%
80 3A
:
75
80
72
747/8
15%
16%
105
21
923/4
16%
21'A
106 V
98
18
A
72%
153/4
78%
19
95
107%
98 y2
107
106%
93%
99
100% 109
81%
72 3A
81%
21%
18
21%
^
112%
107% II33/4
88
79%
19%
22%
100
Piaines
83
90%
95
94%
110
86%
89%
89
82%
183/4
84 *
84%
1047/b
97%
24%
22%
293/4
20
25
24
31 Vg-
;
:■ 87 V;
83
17%
106%
108
108
114
?
111%
113%
853A
20%
V
,
•:
'
'
1073/a 1073/B
111
111
108% 110%. x97
114%
117%
119
96
933/4
98
2'4%
23 y2
26%
"'97
70
inc
..1989
4s__.
1969
Sioux City & Pac 4s—...
lst 5s
1937 25%
Partial
69%
97%
96
98
1969
...
—III_
redemption
Chic R I & Pacific Ry gen 4s
Certificates of deposit—
1988
109
95
see
page
97
76
97
97%
•
24%
18 Vi
20%
19 %
22%
-AA
107Vi 107 3A
95 9A
96
953/4
97
99%
•
953A
,
99
99
94%
67%
33,%
253/4
31%
20%'
:
773A
863A
103% 103%
103
103%
105%
78 y8
86
1033A 1033A
103% 1037/s
1043/4 105%
86% *94
102% 102%
102% 102%
107%
107%
107%
103
105
105
106 a/4
99% 104'/a
27
22%
24
■■
24
1043A 106%
105 Ve 107
105 Vi
106'A
89%
1053/8
863A
107
81%
283A
33%
32%
103% 105'A
104%
85
30%
104 5/a
106%
84%
911/4
103%
101% 102
85
88%
103%"403%
1023A
89%
93%
94
90
83
91%
-•*
A-
90%
37%
104 7/a: 1053/4
1037/8 105% xioiy2 106
104%
86%
89
105%
90%
X863A
94%
— —
101
103
103%
87
85%
90 Vi
91
103%
104
92%
104%
92%
92
;
95
■
"
1
68%
1;
73
74
81'%;
78%
81%
81
837%
83
87
78 Va
83
86%
83V4
78%
80%
82%
81
82
823A
87%
85
84
84
100
98
82 3A
90%
00
103%
101% 1083/4
87%
83
83%
85%
85%
66
100
101
100%
100
56%
95%
99
47%
48
il%
50
55%
51%
65
52%
82%
62%
53%
67
67%
553A
667A
13%
57%
18%
«72%
69 Va
14%
17
73 y4-
14%
17%
15
19 3A
18%
23%
105
105%
105%
105%
99%
99%
97%
99%
i960
88 7/8 ■97
1033i 104%
103% V
99% 104% V: ioovi 105%
105 Vi
103
104 5/s
81%
90
;
1034
I
;
Vs
'
103
88 %
106 y8
y4
104%
,v
:
1043/4 104%
102%
197/a
21%
.22%
22 %
104%
28%
.
104%
21
102%
>
■
1043/4 105%
19
20
1073/4 107%
88
102
95
91
102%
1023A 104
95
92%
92
.
94%
:
105
105
64%
70%
105
74%
79 y4
21%
28
106% 106%
—
97%
63
107%
100 Vg
.
94
71%.
70
77 Vg
21%
26
106% 106%
...
99y8
103 3A
58
69ya
64 3A
76
16 Va
22%
1063A
108
70
18%
.
97%
98%
104
--
993A
99%
99%
92
93
98
,
93 >A
56 3/4
64
.64
21%
99%
100 y4
.
100
69
.
70
93
96
93
93
623/a I
66%
68'/a
67y4
73
26
.25
IOG^V 106%
106 y4
—
94y4
90
87% 408%
88 % 104 %
57
707/a
76
>64% 77%
24%
ld%sv'Xs>-rA
69
89%
99% 105%
100.102
63 Va
10"%
04% 105%
.
,
106 V:'
85%
18%
19%
82
~—
%/
9J
99%
—,
,
92
99
76%
112
85%
73%
23%
;
80%'
28 Vi
72
89
96
973A
86%
96
; 957/8
99 VA
100
100
99 Va
'
101%
96
96
76 Va
97
'
97%
97 3/4 A
96%
74
V
95
943A
•
96%
83%
-
'
99 Vi
25%
91
86
97%
95
99
V
87 Vi
!
1073/s 1073/4
98%
95%.
'
23
18%
99-
;
96
71%
95%
74
82%
96 Vi
21
953/4
"
96
96%
•
92 Vi
91
27%
1073/a 407%
'
'
68%
96 Vi
25%
953/4
.
90
95%
21%
•
95
,
101%
119 »A
X76
*->:(
Il952
Douis & New Orl
gold 5s—1951
Gold 3 ViS
jggi
Memphis Division 1st 4s ,..—1951
For footnotes
74%
69
;
140% 140%
:
1 1
Refunding gold 4s
Secured 4Vis series A
ConvertiWe gold 4y2s
99%
97
693/4
73%
98%
72 Vi
65%
98
98%
1
..
stamped Feb 1
part paid,
66%
98
V
78
223/4
.
1173/4
II73/4
1173/4 X97
114% 1173A. X97 :
117% 119% X97%
95
79
95
XlOV*
117%
99 3A
101% 101%
:
X97y4.114y8-
114%
96 3A
107
1073A 1673/8
•
B__.___._1989
4Vis
1989
Valley
63%
>
141
75%
99%
76 ■'
213/4
16
96 3A
753/8
20%
80%
743A
111
98%
y#
92
104
20%
107
100%
17
87
17
100 Vz
69
72
106
96
963A 102%
96
72
183A
95%
94%,
,
98%
687/s
104
106
1017/a 108%
983A 1041/2
105 3A 112ya
88
95 %
106%
17%
>
100
,75%
84%
87 3A
83
79%
,
wi—— 2044
1st & gen 4s series A_—
1st mortgage 3s series
2nd mtge conv
"98%
98%
141
141%: 141%
~Z2ZZ-12019»
conv
63 3A "68%
76::
99 3A
'
96
85 y8
Chicago & North Western—
De$
76%
'
Ser A.
c
series
7.1%
993/8
Tft?age 4y2S—_.„:2038
& 'general 5s
71%
i
134%
St Louiv ref 6s
ser A
Refunding gold 5s series
Refunding 4s series
SS'/a.,
112%? 112Vi 119%: 116% 118%
122
116% 121
113% 115% V 116
104
103% 104%
104% 104
104 a
411
lllVi 1123/a
113 > V 114%
103% 104%
114
113
104% 105
■
v
102% 105
?lge ln?ome (conv)—1997
loft"?
.1st mtge 3%s series B
Chicago Great Western 4s
47%
102% 102%,
Chicago & East Illinois Ry—
Chic Ind
109
9?
,j».
101
...
128% 1293/4
3s.. 1949
'
103%
105%
,
1989
Quincy
1003/4
143% 144
105
104;./ 106 */4 :105
1989
..
General 4s
102% 103%
140% 143%
D„—...1996
AUe? Div. 1st
«
109% 111
85%
87%
102% 103%
Ref & impvt 3Vis series
E_
.—1996
Potts Creek Branch 1st
4s_,—1946
2nd consolidated
108% 109%
85
65
86
z
1013/4 103%
,1992
5e£ ^ impvt ,3 Vis series
87
313i
105% 105%
Volume 163,;
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4460
NEW YORK BOND RECORD
.■'/;.
'
A
:
:
'
.
■■
f-
:' >: >'V;' >,'r :<
■■ v
./BONDS
Low
1st 3%s
series F
1st mtge .2%s series
debenture
Co
Partial
V-
c
85
..1943
103 Va
102%
99%
89%
94%
89
'>/
87
92
■
May
■
Low
Low
98%
88
93%
88%
88
Low
95%
Low
High
104
104%
106'A
102%
94%
89
92
88
90%
90%
95 3/4
85%
85%
86%
88
90
90%
106 3/4
10734
106%
107%
104%
106
103
104%
102
103 Va.
102 Va
103%
110
10834
109%
108
110
88
-
High
High
100%
99%
98
December
November
October
Low
100%
High
96
97
91
91
91
A
I
100
99%
"
100%
Low
High
Low
]High
Low
High
September
August
July
June
r
High
96%
108 V*
109
y
"fy. z./i'Hi
'1
Cincinnati
—
97
9634
;
J
-
98%
96
98%
95%
98
'
104%
94%
95%
Ref &
Wabash
Cinn
&
Div
M
Electric
Cleveland
^,v' "'v-./a
•.
c
«T$liV
;
103%
104%
103 Va
104
103%
104
108
100
10834
10934
109'A
110
10534
106
106
106
106
,105%
106
105%
106
97%
100
98
100
99%
106
' 101%
9634
100;;; /
'
:
vL"
;."95
103%
\
:
-
'
97%
100
96%
102%
97%
99%
102
9634
104%
105%
108%
107%
109
106%
108%
107
107%;
107% 107%
105%
107
10734
108%
108%
108 Vz
108%
108%
108%
10834
107%
108%
111%
111%
112%
1123/a
112%
112%
104
103%
104 Vz
103
■/ 112%
104 %
102%
103%
102%
110%
112 Va
112%
112%
111%
/
7
57%
56%
58
59
56%
58
83%
87
87
88
52%
99%
*
106
—
—
'
»''
02% 101
99%
"707 •'•
99%
108%
J,'
53%
-X-
99%
97
■
^m;Jr
86
107
105 Va
__
78
107
100 %
-yy
80
108
106%
'
99%
10634
97%
106
103 y:
9534 -99%
98
94
•
106
105%
105%
105%
100
108%
103;
108%
'
—k
•112
102 y8
110
110"
107%
104%
104%
104%
104%
10734
107%
105%
105 Vz
;
■
V
'■mi~
;
'
_.
'
.
Ill
112%
112%
112%
112%
112%
112%
112%
11134
112
103%
102%
1031/8
102%
103%
103
104
102 Va
103%
102%
103%
112%
108 Vz
111
108 Vz
110
10834
109%
108 Vz
109 Vz
109 Va
91%
83%
89
85
88%
it 83%
103%
103%
104,
108
108%
109 Vz
108%
109
109%
110'/a
82%
9434'
91%
93%
89 JA
102
; ,88%
'
90
91%
V.
.
105 Vt
104
w-^V-'
'
94%
891
87%
•*
7.
:
'
— —
93%
96%
88%
.
105
106
106
91
9234
122
90%
86
86%
84%
99%
94%
*
94
9134
93
—
—
/ 88%
91%
90
81
8434
105%
90%
10534
8934
95%
85
96%
94
<
109 Vz
122
"
■
.
103/
.
112%
—J'
*
'
-
' "
108
:
-
110%
103%
112%
■
•'
^/
101%
80
4s___1990
—
'
103%
102%
>
91%
83
105%
105 J:
106
.105
105%
105
105%
105
106
106
106
107%
107
108%
;
83
85%
86
? '. 108%
109%
108%
109%
107% 108%
107
108
106%
107%
107
108
107
107%
106%
107
3s..._..__.l970
I-.Vv", 'u.
-'?t
-
111
99%
106%
107
4s"__1991
1st
105%
96%
107
102.'
1993
1977
Div 1st coll trust
St Louis
105 Va
it 109
110%
107%
series B_^__./.L.'_-1998
5s
104
•
10334
3%s ser E 1969
''G'.'_'__1974
impt 4'/2s series E
76
82
108
103% 104%
103%
/: 109%
109 Va 111
:
106%:
98:
.94
ty;':* J£'V'.'iI ■''iiiy-.v ..I;
/ 93.
95%
95%
,92%
-
1053%
106%
97%
92%.
111%! 111%
mortgage 2%s series
Cleve Cinn Chic & St L gen 4s
.General
110%
;
107%
107
1967
...1975
—
1st m
105
10934
108
i07%
/
3y4s___1966
mortgage 2%s
Cinn Union Term
104 Va
110%
>
;
93
77%
5s__._1952
cons
3%s_..///.^
mortgage
1st
104 Vz
109 V*
106
10634
'■y.
Electric
&
Gas
1st
105%
10534
105%
-1
90%
_.__1957
107%
'.103%
104%
108%
90%, ;;94/o
redemption./.
Choctaw Okla & Gulf
1st
r
High
95%
'
:
105%
107%
il05%: 106%
1962
5s
106%
102%
v
107
/Partial redemption.^.
,
92'
87
87%
106%
,4s—1952
Debenture 5s
:
85;:
>
108
"G"_._i...l963
Chic & W- Indiana cons 50-yr
1st & ref 4V4s series D
Childs
83 :
Z
'?■}]':::■?
_._.^i.wi..._1963
99% v' 98 7/
89
91 /v
April
Low
99
Union Station—;
Chicago
a.
961; I 95
90; :/ 83%
'94%
Z
1960
•
High
84%
1st 5s._1960
guaranteed 5s__,
of deposit.,
Certificates
February ;<■ f., March
Low
High / Low
High
January
.
Chic Terre H & Southeast
Income
*■ J~.
::
■
■
107
111.?
111%
iny8
my2
iuy2
112%
112%
113%
114%
114:;.
114
115
115
115
115
.;?ib.::
•
Cleveland, & Pittsburgh—
„
3%s serieS iC—
—1948
3%s series D——^—-.>^.1950
Short Line 1st 4y2s___^1961
""
Cleveland
106
107%
108%
108%
107%
107%
107%
108%
109%
108%
109%
104%
106
105%
107%
106%
1071/4
105%
107
106%
106%
107%
106%
107%
106%
107%
107%
108%
106%
109
10734
109
103%
104%
104 Va
106'/a
105,%
107
io5.y8
io6.y8
105% 107»
106%
107%
104%
107
105%
107%
107%
108%
105%
107 7/a
107%
108
100i
100
76
84
72%
73%
1017/a 102y8
103 «A 104
71%
104%
B-.:
105%
f gtd ,4%s series C
River
Coal
1st gtd
Ry
Colorado Fuel & Iron 5s_«-.
Colorado & Southern:—
".108
('
107
:
1q7
107%
80
104 y2
105%
104 y8
105%
78%
86%
104% 105
106%
104%
106%
104%
106
105%
108
108%
79
Colum & Hock Val 1st ext gold 4s_,1948
Ohio
108
El
,•
ilQ%t"110%
3y4s__1970
—<
—
..
68'
77%102y8 704%
105%
104y4 106
106%
"
<
.
109% 110Va
• V
—
103% 104%
-;'-J
?■
>
•.
108
103% 104 7/a
107% 107%
110%
110
7734
104 %
109
114%
133 Vz
74
85
77
'
.
—
^
110% 111
110%
110
73%
103%
114%
75%
80
76
105%
.Jan 15 1961
South
107%
r
Debenture .5s
&
•
1970
'
,4y2S (stamped modified)/;—.--^1980
Columbia Gas & Elec deb 5s^_May 1952
V
Columbus
108%
106%
1973
1st sinking fund ,5s series
1st 3
115%
109 Va
_197.7
4s„___>___1945
Cleve Un Term 1st S f 5y2s ser A—1972
i
;■
114%
niy2
106% 107%
—
_:<■■;
,
Columbus & Toledo 1st ext 43——1955
$i.
'f,\ <' ,W; :1' v>.V-_ <■
fe 1: ,•/.< \ > v.-,: y-:
103%
109
H
104%
110%
—
Vj\"
Commonwealth Edison-e
-
116%
117%
1st mortgage 3s series L—_„r_^1977
106%
116
117%
117
12234
122
108%
108%
107%
108%
107
10.8
V: 112%
Convertible debenture 3 Vz*—-—1958
";'i
112%
11134
11134
ii.
—
108%
Conn Ry & Lt 1st & ref gold ,4%s_1951
Connecticut River Power 3%s
^
1961
Consolidated Edison
(N Y)—
106 Va
107%
102 Vz
>
103%
WVz 107
•
121% 126%
106% 107%
106% 107
106% 106%
.
123.%' 122% 126
106%
,
102 %
103%/ 10234 103%
102% 163%
102%
103%
102
10434
103%
10434
10334
104%
103%
105%
102%
104%
102
105%
106 Va
105%
106%
105 Va
106 34
104%
107
105%
106%
106
103
107%
103 y2
10434
104
104%
J05 y4
104%
105%
103%
105
Consol Ry non-conv debenture 4s—1954
60%
62%
:/ x57
debenture 4s J & J
Non-conv
v
debenture
A
5834
62"
61%
61%
104
58%
/ A 61
59%
.1955
4s.._1956
"
Non-convertible
,
•.•.•v..
104 y8
105%
104%
JB6
65
.65%
61
59
61
x57
59%
107%
10734
108 %
107 Va
108%
107.%
107%
109.
109
109y4
2%s--l-^».4-/~-.-.v^iIl950':
102
7%s
<60
.49
69%
:
M
-
102 A
75%
67
74%
69%
74
74
52.
5.9
,
85 v2
.51%
'48%
1943
48 y8
49%
50%
49%
48%
:49%
85 y2
51%
19
'•Nr 4,^
'J:J&
48
50'
83
48
48%
'•»*-
■
71%
108%
'
67
•
48
48
;
59
.59
;
109
105%
'
48%49%
107 %
107
108%
Vv"-v
r-107%
'
10% ;,f<
108 %
108
50
80
*
49%
68-
51
43
30%
45
105% 106%
feast Tenn Va & Ga 1st »5s..._^_1956
Co—
RR
103%
106%
106
106%
106%
48
46%
49
,
v
cons
mtge 3y8s series F_,
49
46%
44
;
40%
47%
.
47%
45
101%
107
107%
1st
cons
102%
107%
108%
107%
109% : 407 %
107%
>£.54
33
103
103 y8
107% 107%
54
50
'
.06
52%
33
&
1st
cons
107%
54%:
35%
Francisco
41/2s._._.r_1959
Sugar
4s
conv
debs...
inc
Steel
General
Certificates
^..r
Casting -5y2s
Georgia & Ala
1974
deposit../.....
3s__./_.../i./._.1956
6s_.
Z_.-__.1956
Realty & Utilities Corp—
Gen
w
-
'
I960
W..1949
Goodrich
1st
(B
of
For
Point
F)
4!/4s
Term
footnotes
1956
.__._.__/_'.._.1965
5s
1947
see
106% 107%
107%
58%
33%
•103
103
103%
106%
108%
-v
10(6
55Va
114%
113
64 % v;
107%
106
106%
u
>
v
68%
60
70%
105
108
■
67
106%
*,
*
50
'
48.
102
103%
103
\ SSl
102%
1023a
10234
103% 104%
10334
101% 104 %, ' 103
105%
•
1
•
,;.
119
157
119
119
156
; 119%
119
157
119y8
•
.
.
107
:
103%
103%
106% 106 y4
106 y4
106%
106%
106%
106 3i
106%
—
109
109
112 %
111%
113
112% 416%
115%
116%
110
110
101%
110%
112
114
115
ioi
101%
ioi
; 101%
108 %
108
110,
101
'102%
1023a 103
100
105%: 106
405 % 105 %
v
,
,
.
-115
—
112%
110% 140%
100% 101%
115
100% 101 Va
106 Va 107 Vz
106% 107%
55'/a 66
37% 45%
116
117
\ ^V >\>i' v.\
—
--
107
107%
56% ;59%
:
'•
5
'
'
106%
107%
63%
'•
66
45 l/4
46 Vz
I'
,
;
1
114%. 116%
116% 116%
106 >, 106Vz
55%
62
404% 107
406%. 106%
54
58
'
,
102
101
—
—--
102 y4
105
105
114 y4 115
410% 110%
101 %
102 VA 10.2%
-»
,
104% 104%
.
^
—
—
1061/4 107
108%
107
108%
64%
66 £
45 /. 47
108
,w *
105% 106 %
54% •> 58%
7 'f-, J
107%
106
,106 Vz 108 ■m
—
106% 106%
1063^ 407%
.
119% 119%
158
158
102
102%
119y4
107'
106
407%
108 %
'
v,'
)
—
106%
1
.458 y4 158 y4
lQ2y4 102 y4
158
h
"
60
57
71
105% 106% 406
119% ;
158
*
101% 101%
106
106%
403% 403% ,403% 103%
103%
106
<
88%/91%
104
91%
96 Vz
104%
:
104 J/2
10534
103
103
page
4P4%405%
404% 10p%
103%
117%: .118%; 120V
124%
124".
104 %
125%
,124
.
105 Va 105 %
405% 405%
93% ' 98
.104% 104%
.
1
119' 117%
H5% 117
ioiy4 102
-11
105%
97%
.
101 Va
101 Va
122
101
r
99 34
100%
65%
61%
57 ?a
60%
/ 59%
57
61
59%
59%
i60%
104%' 104 V4
103% 104
•
104
104%
105
127% 128%
69
.66%
■
103% 103%
95% 102%
106% 105%
101%
400% 101 %
99% 101
99% 1005/a
98y4
99%
106%
97%
104%
99%
105%
128%
67%/ 75
67%
132
126%
127-
102
101%
127
128%
101 Va
101%
103% 103%
105% ,105 y2
106%
105%
105%
102%
100%
100%
—
124
101 %
120%
70
104%
72%
105%
73
70
70
104%
40
45
40%
43
40
41%
44
89 %
94%
91
.91%
deposit
mtge 2%s
Grays
103%
119%
156
39%
deposit
Georgia Carolina & Northern 6s.__1934
Certificates
103%
•
48
:
103%
102%
i.—
"
-*•-
120%. 120%
„
158%.. 175/;
^
,<
102 . 102
106
106%
117%
118%
117% .118
101% 102%
101%
101%
■74%
68-
73
j:.
88
102%
95
400%
4Q4% 4Q4%
98
99
9.6%
—
494% 1Q5%
131% 131%
" 425
127%
—
118%
121
-
—
—
101% 102
79
"•
'
72%
68%
77%
72y8
,
19§3/a
.
99 Vz
97%
104% 105 Va
101y2
Vz 100%
99 7/8
99
94
92
'94
•
-104% 105 Va- 10434
93%
104% 105%
45 I / 47
44%
08
45
.
195'/a 10.5% ,105%i4Q5
105%
104%
-
-
i
>1
48
98
104%
97%
98%
96%
v
97%
98
106%
*—
103
—
.
-"
104%
1 *
-
105%
• :.<• -r-»
/iijik.;
—
125
125
'■ 75%
wlp4%
ip}% ip|%
80
103Vz 103%
JLQ4
104
105%
105%
68%
68%
70%
.68%
72
103%
70%
104
104
105 y2
103%
104%
103%
104
46%
51
54
50
54%
48
51%
"48%
105'A 105%
/
52%
52%
53
53
49%
.49%
102%
102%
109
115
105
105A
114%
"114%
103% 193,%
101
101%
101% 101%
100%. 1013s
—
"61
—
102
102
71%
105 VB
65%
78
jc70
50
68%
68%
105 Va
47
,96%
99
105%
997/8 101%
99 y2 102 y4
—
48
68
97%
105
101%
1.103;;XQ3-Mi'.fvJL03JLQ3%
103%
-
100 % 101
66
73%
67%
72%
400% 101%
67
67
105
97%
97% 100
104% >04
98 % 100
97% 99
106
106
/
1st cons 5s_.._Oct 1945
of
103%
108
107
108
54
33%
•
*'
103%
-i.
;
of
Machinery
n
103
■
"
100%
61 4
103
-'fi
103
'
gold 5s_1943
refunding 5s series A./
Certificates
10134
ioiy® 402%
,100% 102%.
100
76
113
112%
—
...^.1961
Certificates of deposit
Food
48%
102%
101%
92%
03%
3s__^^-.'I../I-4_____1958
1st
46
406% 106%
107
49%
46 %
493a
66 Va
44%
8534
6834
:
66 Vz
45%
108%
407% 108%
107
' 106 Vz 407%
106% 107%,;: 106% 107%
53% '55
54V* 56%
'35% 3?%
34
38
113
114%
H3
U5
103%
-408%408%
,107% 107%
107%
107%
107
54%
35
113% 114
61
107% 108%
108%
108
108%
33
1971
Firestone Tire & Rubber 3s
Coast
'
ioo% loi%
106
106%
106.
66%
44%
U"■ ;
V- 44"/
45
*61
44%
41
100.% 101%
106% 107%
mtge-3%s series G_.__2000
East
42%
61
50
85%
47- v *~-47
44%
.43
(62,i
..
56%
46
'isi
45«; I
,63%
41%
47
—
.
102 *
1990
Ohio Division -3%s_—
"Florida
108 %
102% 103%
mtge 3y4s series "E'*._-_1964
1st
•
X56 Va
A
48
^
_
82%
.46
101%
56
-
117%
116% 116%
108%
.1995
cons
Florida Cent & Penin
i03y8
58
44 Va J, 50
-I':;///,-'
,
1st
Co
104
52 Va
.46y2
12%
112% 113%
107% 108%
107%
•
106 Vz
1962
series
Flintkote
103%
103 Va
56
46
63%
33
103%
54%
<107% 109
,r( 4%s.'.series A~—-^...2015
/
102%
12%
9%
5.4%
54
55
103%
108%
.
106% 109
...t___1965
Gas & Fuel 3y2s
104 7/a
102 y8
|'
100
108 %
109
109%
108% 109 -
29%
30%
111% 113%
"28
28.
110% 113%
i5i
105 %
1970
i5i
102%
;
5s__u.__L1965
stamped
-4s
.
116% 116%
5s__.._1995
.1950
ref
103 %
102%
53%
51
,46%
68
80
,
.
Erie
103%
51V8
44%
Sl.
45%
v-
:
103'/8
50 y4
40%
106% 108
107
'108%
>108
108%
107?
58V2
Empire
103%
104%
1.02
71
9%
108% 109
109%
5s
1021/4
69
106 %
108 %
Range 3'/as_ 1962
1st &
f-
102
1
v
61%
50
3%S«-._/_rwr-1965
4ite
:S;M
•
lSl%
56%
:
68
02
108%
108%
28%
~1950
Elgin Joliet & Eastern Ry 314s^
68
—
.
103
y
46%
.82%
47
44%
,/
103
1134
108 4
106 %
107%
Duluth South Shore & Atl gold 5s_1937
W
106
66%
_t„
r 54
101% 102%
! *•:*
Auto
103%
106%
•
Jj*\ £-•?■.&$ v^
-7
■
69% ;y 68 ■•;/
:
-
,
1965
cons
-j
69%
68
.108% 10834
.60%
162% 103%
& S
65
-
105% 105%
108
108
108% £08%
69%
66%
55%
102% 102%,
Paso
6434
62
10.6%
109
100%
66
.7%
Dow Chemical 2 y4s_./.
El
65
62
,61
..
103%
104%
.106% 108
106%
•5.7%
__
8%
110% 442
Electric
61%
62%
<i *%, \
103% 106%
63
106
1st
6434
.i
103% 103% ' 102% ,103%
<
61 >A
47
.47%
48
61%
3s series
YJ
64%
:
62%
59
109
._
82%
47%
JU>7% 108%
105
108
<
(N
106%
(ft
59
67
59
:
105%
,
99ya
Detroit & Mackinac 1st lien g 4S.1995
Second -gold 4s
.1995
Detroit Term & Tunnel 1st 4%s_.1961
111
104
105 Va
102%
—
General & ref. 3%s series G...i.l966
El
102%
10234
1053a
106
'
.
A
Detroit- Edison 4s series
Ed
10134
1033a
104 Vz
103
101U 102 a1,
i
■
103
impvt 5s series B____AUg 1978
Mlssabe & Iron
10234
102%
104 %
zz
4y2s_._j____.1936
Des Pie ines Valley—'
See Chic & North Western
Duluth
102
102% 105
104%
;
Assented..(subject to plan
Duquesne Light 1st
102%
105. i
104 %
103%
103%
105
106% 107Va
103%
47%
.v66l/4
v-
103%
,
60%
.
-66"
48
102
..
103
50
47
'/y/.
; 48%
107%
Denver & Rio Gr West gen 5s_Aug 1955
>
67
f'V.
'49',;.
.
.48
80ya
82%
5
V
102%
r 103 y4
58/58
103
•
85
.•',,84:-v
49%
49
•102%
103%
50%
05%
.
Denver &r Rio Grande 1st cons 4s_1936
•
106%
58
.^__i973
Delaware Power & Light 3s
■
104%
.
110%
57%
f
Ref &
lQ6y4
108%
102%
wil.ii.May 1 2042
gold
108
110%
102% 103
1st & ref mtge 5s ser C-.r_._197T
Income mtge dua.„
19^3
Morris & Essex Division—
'
5
Consolidated
102%
102 y2
1965
N, Y. Lack <Ss -Western Div-^-
4,-6s
107%
110%
59
I
trust
108%
103
48%
1st mortgage 2%s__..-_._^._^—1975
& West RR Co.—*
^
Coll
,
110%
107%
102% 103
Delaware Lack
,
108
103
58
Dayton Power & Light 3s
1970•
Dayton Union JRy 3y4s ."B"-~--V--1965
<;
106%
107
10234
«
.
104%
108%
102%
59 y4
71%
2%s deb..
105%
107%
102%
:
.
Deposit 'receipts
Curtis Publishing 3sn-^*w»^—--1955
."
10534
10334
;
receipts, j.j—
& Co
105
108%
110
'
Deero
105%
108%
108
109% 110%
/// {6s extended to 1946 Merles
'
10534
5759%
•73
-
69%
69
107%
103%
102%
49%
receipts
extended to
i
•
106
102 %
102% 102%
102% 103
'104% 105%
104%
71
69%'
j69%
68%
65
103%
74%,
69ya
-
105%
107.% 108%
:
109%
102 y®
103
A; >6050%
85 y2
1st 50-year 5s gold__^._1952
DeiJoaifc
102%
102%
Deposit receipts
Deposit
'—j';
106
■
/.Crucible Bteel.$ %
a
> Cuba
Northern Ry lst 5%s^^->i_Vl942
Cuba RR
108 «/a
105 % ,107 %
'z..
.
V°
134%
106 7/a
/.-■"'I—I
111
106% 107%
100%
4st mortgage <3 %s-^.^.^.«i--i^l969
1st mortgage 2%6_^^^__,>_^^-.„1975
: Continental Baking 3» debi:>»^_-;i965
/
■
-.105%' 106
105%
107 y®
1st lien & unifying 3% s—r.-.^1965
1st mortgage 3y2S
1970
1st '(mortgage 3 y4s«-.i_,—
^^..1966:
Crane Co
132%
107 V" 107 Va
111
Consumers Power Co—'
/
131
106%. 107%
I...
106% 106%
103%
10334
3VzS debentures
1958
Consolidated Oil convertible 3%s__1951
;
.
125% 130
106% 107%
107%
106
-
1
—r_^-.--.1948 -:
.^.»._„__1956
3V28 debentures
,3%s debentures
^
121% 125
119% 123%
1077/a
112% 112%'
105% 106
112% 112%
106
107%
103%
II
;VlI-' V-. I'
80%
53%
53%
__
__
79%
82%
—
—
58
;
58
116.
116
1103a 1103s
116
416
101% 102%
102% 102%
<
wl
--.
103
—
77%
105//; 103% 104%
106
105
101
101%
,102% 102 Va
101
101
101%
THE COMMERCIAL & FINANCIAL CHRONICLF
Thursday, January 31, 1946
NEW YORK BOND RECORD
i
bonds
//.'v
v:
Low
March
February .3;
January
Low.
High
High
L«V.
:
May
!>■
./LOW/ High
April
Low
High;/
High
June
Low
v./
August
£
High
r'July
Low
High
September
Low.
High
Low
October
Lbw
High
"
Great Northern—
General gold
General
5s
General
series
1973
General
128 VA
130%
130%
132 VA
1976
121%
122 VA
122%
125 VA
110VA
111%
110% 111%
C
D
series
:
rl20
mortgage 4s series G—1946
•
133%
136
125
■■■<
128VA
121%
137%
137%
136%
l-22^r
120
119%
120%
136
137
122 VA
123
122%
123
136
137
132
134
128 VA
128%:
128VA
1293A
129%
130 Va
127 Va
110%
118%
128%
111%
130%
111%
127 VA
112 VA
109% 111%;
;
.110% 111%
136%
122%
111%: 111%
.111% 112,•
120%
133%
128 VA
12374
127',A
111%
111% 111%=
,
'
.
106
106VA
106
106
33/aS series L—1970:*
.3Vis series M—
-——1980
105
106%
106%
^1990
:*^--2000
Bay & Western deb ctfs A_.
104
106
/.
105
,•>/
105%
105% 105%
105
105 VA
105
105
VA
104 Va
105
104%
106%
106 VA
1067a
106
106 3/4
106%
106%
105%
106%
105
106
105
107 7A
109
107%
108%
107%
108
107 7A
108
105 VA
107
106%
107 VA
104 VA
106%
109
109%
111%
111%
111%
1077A
107
108
,107,%
108
106%
107%
106 V A
107
106%
>
Green
128 VA
128 Va
110
110ft
kiii.-i.ii,"'
106VA
"
mi(i— •
■
'Ji>
Debenture
certificates
14 VA
Mobile & Ohio
Gulf
13
104
104 VA
104
101%
104
104%
79
,
VA
14 VA
104%
104
104
1053 i
105 VA
105 Va
77VA A 77VA
14 %
18%
107%
107 VA
107
108 VA'
108
107 VA
106
108%
107 VA
105%
100 VA
103%
104
.106 VA
1BVA"
101
91
93 VA
100 VA
98 %
108 VA
108%
96 V A
90 V
103 VA
102a 8
103%
102%
106
104%
105 y4
104%
105
100'A
101 VA
101VA
103
/
104 /
"
14
103%
143%
975a
99 VA
102 VA
103%
97%
/
101
103
;
f
s
5s
103'
103
"
104
4
-
103 VA
II
102%- 102%
1937
Bell
1st
..
gold
Telep 23As series A
1st gold
,
102%
80%
.75%
80%
76%
115%
115%
115%
115%
115%
66%
72%
32 %
1981
1951
1st gold 3%s—-
3s sterling—.
98*/a
99 %
100
100,.
101'/a
102%
139
139;
101%
101 Va
—1952
89%
90'
95%
89%
84%
89
84%
9.7%
90%
85
93
Collateral trust gold 4s————1953
4 4 Refunding 5s ——u—.1955
40-year •• 4%si-_—Aug 11966
1
84;
90%
94% 100%
(
Gold
3Vis
,
83 %
ft*.
gold 3s„1951
99
104
99%
95%
99%
98
8312
88
85
87
82%
88
85%
89
92
90
gold 3s—1951
—1951
—
Sprlngf Div 1st
g
3 Vis
101
99%
101%
1st
1st «&
refunding 4V2S
5s series
A
/
4074
33%
105 Va
104%
-100
'
100%
92%
96%
98%
81%
•
ft
94
93
92
94%
92%
96
94
98% 102%
80%
87
,104%- 105
' 100% 100%
100% 102%
1963
76%
73%
ft
90
88%
93%
94
94%
96
94
96
97
101
103
103%
100
101%
104
104%
101% 102 '
82%
91%
88%
86%
78
87%
83%
89
80
76v
82
81%
81%
106
106
105%
107
107%
106%
89%
93
79
69
& Clear 1st 4s
Jones & Laughlin Steel 3Vis
-
A!
'
5
6%
5%
5%
2%s_
.95%
89%
94
103
103%
.82
84%
81%
80%
93
95%
92%
97
__
81%
81%
104%
5,5
93% ■ 96%
-
93
97
ftft. ftftftftv ...ft118%
118%
&
ref
5'/as
Collateral
&
ref
5VaS series
series
100
a
4s^
ext 4Va$
lst
&
ZZZ~2003
2003
—
5s__
series
1951
A
A;
refunding gold 4s
57
105%
ref mtge
—
•
-
'ft-.;,
75 V A
1969
1966
5s series B__.
2003
50%
99%
■V-V
-
:
&
Div
Louis
,
183
94%
37
ft
94
99
98%
—
—
—
80 Va"
73
73
78
—
—
106% 108
73%
77%
41%
44%
—
101% 103%
103%
68 %
'
101%
92
--
107%
'75
98
106%
107%
85
84%
43%
46%
43%
51%
69%
72
77
78
82%
69
77
91 %
.
105%
105%
•
106%
74
80Va
78%
69
71 Va
82%
85%
84%' 89%:
88% 96%
104
104 %
103% 104% 103% 104 108% 109 108 ft 108%
107% 109
<—•'
ft
103% 103% 103
103%
99% 101% ft 100% 101% 101% 103%
104% 105 Va
104% 105% 103% 105%
109
—
■
—
106% 108
77
85
39 %
46%
48
72
83
100
105% 106%
.
86%
77%
85%
104
108
■
105 %
108%
-
105
106%
75%
//ft, :
75%
106%
106%
77
106%
109%
■
■
ft-'
106%
106
88*4
77% -81%
-
96
95
97%
102%
103%
102%
103%
107%
109
106%
107%
103%
105
103%
103 %
101%
103%
101%
103'A
104%
98%
104
62
105%
104%
105%
97% - 98%
97%
98%
103% 104,A103%104,/a
>
71
62
106 Va
ftft-
—
__
107%
■
186 Va
183
1047A
105VA
104% 105%
ftft
71
623l
62%
107% 107%
ft-ft
*
—
107%
107%
-ft*
—
..
186 Va
104% 104%
6
105 h
105
6%
;
60
•'
«.«.
i
•
106VA 106'A
108% 110%
107
54 VA 7601
104% 105%
59%
109% 109%
107% 107%
108-V4 109%
108
106% 107%
61
x58
104% 105
105
52 *4
106%
105% 106
105
105%
105 A
105 &
99%
99%
99%
H '* 71
105% 106%
104%
99%
99%
99%
109% 110;
107% 108%
57-%
106%
--v..,-fty'.;/,
60
105%
104%
104%
106
99%
.
106
99%
110
52%
54%
52
105 Va 106 Va
-I
-
111
107% 107%
57 Va
57
105% 105Va
-II
\ZL-
104% .106
107% 110
109
109
105
62%
105%
-"L,*-' 15
II
104% 104%
^
99%
--
93
88
91%
91
93
9374
94%
83 VA
99%
—
78%
82%
80* A
83%
79
82
—
.«•
ft
io5
91*4
99
90%
100
99 V
99%
92
93
92
93
94%
90
88
.51%
91 Va
90
877A
91
82 VA
81 VA
86VA
VA
95%
92%
100
55
65%
61
92
82%
61
58%
67
47
56%
56%
52
55,VA
65
60%
79
85 VA
85%
92 VA
-63% ' 695 a
45Vu
57%
65VA
58'a
64%
55
61VA
46
65%
71%
58 3A
67 V4
47%
62
59 Va
64
62 Vis
66 V2
66%
62
70%
67
75
70
76 Va
64
84%
129%
119%
131%
132%
50
53%
64%
119%
111%
111%
90 V2
•---
V'.
•
V 84 VA
T
132%
132 VA
120%
119%
120
V
116
116
*
106%
1073A
93Vi
—
•
78 VA
85VA
118 Va
119%
116
90%
88
49%
53
116
106%
107 1
90
,
106%
106% -107 VA
106% 107 VA
107
108
107
107 VA
119
119
119
119%
106% 107%
106% 107 >/2
119
119,
103 VA
104
104
105
104 VA
105
104%
105%
105
104% 105%
105%
105
103
1051/a
103%
103
104 V A
103%
104 VA
106 V 107
103%
1041/4,
105%
10312
104%
105%
106
106%
105%
106%
106%
109 VA
1057A
106
105% 106
1053A
106
105%
96
79
8074ft
2
86 * A
90'A
1
50%
110%
109% 110 VA
109%
111%
108 Va
104% 105%
105%
106 Va
105 VA
116Va
——
63
54 34
//: .■'I *•-."'
jj.
1
51
53%
844
82
56%
50%
54 3 a
I
;:t
637a
vi
83*4
132*4
118 Va
12a
47 VA
'
% 60
13274
118 VA
102 V 4
116Va
•85VA
•
55%
58
64VA
101%
102%
v
8274
50 %
55%
51-
—'
1187a
53
50
.53
119VA
ww
ft
^
87VA
'
118V4
107
ft.
106 7A
107
107
107; / 107%
107% 107%
107 Va
107 J/a
107"
107 %
107 f
107 Va
107 Va
106%
107 V A
1067a
107 '
119%
119%
119 V, 119%
119
119%
119
120
118VA
118%
105 VA
103 VA
104* A
105
103%
105
103%
106 VA
105 VA
1057A
105
107
^
1067a
10674
107",'.
'
's
107
■-■■■mm
;•
105% 107
103%
103
Va
105 7A
105% 107
i
106 3
106 34
1067a
107
106%
107
118%
119* A
119%
119*4
119
104 */4
105
104V'4
104%
105 VA.
104 *A
103%
1047a
104*4
105%
106
104 Va
106
JA
105%
106 VA
107 74
107 74
108%
10774
10874
106%
:
118% 118%
104% 105
107%
107%
110%
109
110%
109%
95V2
107%
107
96%
96%
98 Va
98
98%
a
10674
107
:
106%
120
■;
'
107VA
106
1Q8VA
108
106
107
104 VA
102
1960
1057a
1946
102 Va
102 VA
102 VA
102 V a
1980
100
100 va
100%
100%
106
106%
103 A
1014J} 101}g
107
1955
114%
114%
101 VA
106 VA
„
107
101%
101 %
101 %
101 }J
101%*'101%
100%
100%
98
110%
100%
100 VA
102 VA
100 VA
117
117%
101VA
101V A
101%
104%
106%
105 %
105 A
105 3*2
114%
114 Va
114VA
114 Va
115%
..
—
102 VA
105 39a
114 Va
__
115%
115%
■
116Va 116VA.v"
116%' 116%
116% 117
117
117
*
'
106
106VA
■
107*4
105} J 106 VA
107 7A
•'
107
106*A
n
•
'Vr"'4
118% r-t
105%
101 ii
118%
111%
104% 104%
'■A*--
,'A
50* A
51
•52%
59 7A
88%
105%
109%
/
161%'
81% h 83%
15474
-57VA
52
55 3A
132 Va
120%
-
60%
46%
52
85 VA
9074
527a
-•
v
56%
85
56
2
52%
47%
63
1325'a
119%
132 Va
121
46 V
/
59%
4%
57 ••/
87 VA
54 j
••71%/
53%
129%
119% 120%
'■47 Va
57 VA
.
89VA
87 VA
87VA
86 VA
57
—
73%
:87%
94Va
88%
62 Va
69 %
62 Va
VA
92
94
;
85
67
53
129%
|88
94
95
'
61%
84%
95%
87%
91%
91
86%
59%
127% 127 V A
93
V...-.
V;
55
VA
100
A-
96%
87
87
54
106 VA
105
105 sv 105 a
50
1952
639
182
105% 106
105% 106%
52
106
page
80
80%
77
60
107%
Cinn Div 4s
105
„
109%
52 VA
105%
see
103
-ftftft
ft-.
50
Atlanta
For footnotes
104% 106
105%
104% 105%
85
106 VA
4s
103% 105 Va
101% 102
100%, 102
105
109%
ioo3A
1945
&
■'.ft
vv>
2003
3s_:
103% 105%
103
,
80
Mobile & Montg lst gold 4Vis
Southern Ry joint Motion 4s
Knox
•
■
8P/2
3%s series E
gold
104
__
ft /.ft/ft
.
88%
105%
2nd
103%
101%
91%
92
2003
Memphis Div
100
92%
90%
10734
2003
Paducah
ft..'.
90%
108 VA
7%
99% 100
98
2003
St
101% 104%
ftft
—
105%
95%
104% 105%
55
4'As series C_i_2003
lst & ref mtge 2%s series G
Unif mortgage 4s series B—
101%
103
104%
105 Va
91"
4s series D
3%s series F
103 ft
95% 102% -101%
.
106%
1949
100
101%
95%
99
103% 104
107%
104%, 105 VA
JOO Va
1949
103
102
<:
Nashville RR—
lst
101%
:
105 *
99,
1962
102
99%
,100%
101%
100V8
100% 101%
103%
104 %
/
44u.
„ZZ;
105
119% 120%
109% 109 VA
1949
—
102
100*. A
57%
lst &
75
109 3a
89%
-
refunding
refunding
refunding
refunding
&
„
93
VA
Louisiana & Ark lst 5s series A
Louisville Gas & Electric 3 VAs_
lst &
75
90 Va
45
&
84%
103% 104%
__
__
105%
/
j.;
-I
99% 100%
47
Louisville
—
100 V4
—
99%
100% 100%
•.
modified--——2003
stamped
97%
100.
—
—
1087 a
'A//
(P) Co 5s———___1951
debentures—.
A.
-—1963
lst &
105
99%
registered—————WZZZ2003
4s
3s
99%
1081a
1950
Lorillard
'■
52%
105
104%
99%
64% " 96%
100 %
.102
104%
101 %
91%
92%
106% 107%
83%
87
45%
53
79%
83%
85
.p,\:V;:v■•
104
1954
r,n:„7"l954'
I
Il964
Il964
f 5s
Z~
^1974
~*"l974
52%
104% 105
1965
Lehigh Valley Terminal ext 5s_1951
Lexington & Eastern lst gold 5s_—1965
f
97
0774 101%
ftft ft ft,
101
104 % 104 %
105%
92
91%
102% 102%
100% 101%
89%
91%
89
99
100% 101%
105
105Va
; -ft
•
1945
f 5s-
4s
89%
100%
107
50
.
.
-92
102
99%
lOOV'a 100 VA
107 74
4%s series C—1954
unified
90%
87
100
105%
104%
94
95
100% 100%
,
92
;
102%
101 %
%
104%
103%
—
77%
103% 104%
105%
87%
__
100%
Harbor Term 1st 5s-195'4
Guaranteed
105%
87%
100
100%
102% 704 Va
95
101%
101
100
103% 103 %
80%
84%
104% 104%
106% 107%
95%
94
96%
103% 104%
90
100%
101
101 Va
AV28 -stamped
modified—ZZZZZZZ2003
4 V2 s registered A—
-
100 Va
100%
100 Va
j-1975
ser
99
ft
95
100%
77%
—
83%
6
1953
v.;."VV: 5s stamped
y
lst & refunding 5s
/
/ 5s stamped
Long Island
,
83
102
Lehigh Coal & Nav cons s f 4%'s.aI 1954
S f mtge 3%s series
A--i^^)kAll970
4s
110
93
104% 105 VA
1997
RR—
77%
81
104%
182
1945
C
income
(N Y)
42%
78
102% 102%
100% 101%
'101101%
104% ft 103% 104%
5
5%
5%
14%
95
'■
Lautaro Nitrate Ltd—
Lehigh Valley Coal—
92
ZZ-
D__1960
3V2S registered
£ ,N Y lst gtd gold
:
103%
103% 104%
102
Lake Shore & Mich Sou
gold 3V26-1997
Tobacco
97
106%
1961
Laclede Gas light Extended 5s_
85%
101* A
92%
»
96%
•
-'V:-;;-'-, .>-rfe
68
—•
Kings County Elec Lt & Pwr 6s
1997
Kings County Ltg 1st & ref 5s.
..1954
1st & refunding 6 VaS—
—1954
Koppers Co 1st mortgage 3s—
1964
Ki-esge Foundation 3s——i—1950
Kreuger & Toll 5s certificates—1959
general
95
1961
———
Collateral
84
*
__1974
101.
92%
—
105%
66
102%
98% 102%
__
85
.84%
101%
102
92
107
94%
105%
69
103
100%
101
100
96%
106
105%
102
104-
100%
90 ft/, 95
109
108
105% 106
102%
97% 100
103
100 Va
101% 102%
101%
90%
97%
107%
89%
54%
102
x
87%
t
106
111 %
99%
107%
84%
87%
105% 105%
82%
107%
81
46%
109
102
104
105%
106-
105%
109%
,103%
102 ft 10574
917%
96
107
89
99%
t
96%
105% 105%
82
8334
106% 107%
79%. 83%
39%
49
75%
78%
75%
78%
79
85%
104
105%
106% 110
81
107
78%
96%
105%
76%
64
97%
100%
104% 105
103% 103%
97%
103%
93%
100% 104%
101%: 101% 102 Va
99 Va
108%
95%
93%
106%
101% 105%
105%
77
ft 98
96
97%
.■■t
102% 107%
103
102%
105%
92%
105%
100%
96
98% 100
'ft,-,
108
103
94
99%
106%
87%
105%
95
98%
103%
98
94
91%
>
97% 102%
92
93%
77%
103% 104,%- 103% 104%
—
—
Myers
105%
97%
96% 100
97%
95%
92%
104
109*
88%
1959
1961
gtd 4s_—
1990
ref gold 4s__^_1936
:
&
95%
97
•94%
96
102%
96
97%
86%
Kentucky - Central gold 4s
.——1987
Kentucky & Ind Terminal 4V/2S_^_1961
Stamped
i
_i96i
Miami
'
99
95
102%
94%
92%
96%
94 Va
99
104%
99
City Solithern 1st gold 3s_1950
Refunding & impvt 5s
—Apr 1950
Little
101
99
102%
101
99%
92
104
.
Kansas
Liggett
107%
10T
92
102
1st
5s stamped modified-
37
"
88%
77%
;•
Frankl
4s
77%
34
102% 104%
105% 105%
87
107% -106%
67%
75%
71%
v
■
37
102% 103%
-
—
92
104% 104%
,
—
Lehigh Valley
Lehigh-Valley
Lehigh Valley
4s stamped
34%
73%
105%
106
75
74% .80
Internat'l Tel & Tel deb
gold 4%s_1952
Debenture 5s;
1955 i
>Iowa Central refunding gold 4s__-1951
5s
35%
83%
ft ft* ft
„
73%
89
104 74 105 ft
107% 108%
—
s
32%
102% 104
113%
71
84
88
refunding
stamped
113%
717s
100%
79
82%
64%
&
100
79%
89%
79
lst
68%
Vft..
86%
61%
Hydro Elec deb 6s__
1944
1st & ref conv 5s A & B.1947
Refunding s f. 6s series a
"955
/: Internat'l Rys Cent Amer 1st 5sB_1972
•
101;
77%
113% 113%
-
-
82%
30%
s
97 Va
99%
103
95
104% 105%
103
103
•
97
66
refunding
100%
•:
92
32%
1st &
ft .•. 'ft -ftft:ft
..
95%
69%
Int'l Pap
;
;
91%
29%
f
•
•
82
—
—
-•
100%
76%
/
99% 10274 .10174 101%
102 */a
101%
'.ft
87%
63%
s
—
100'/a
;
93%
64%
Consolidated
36%
102%, 103%
104%
•
88
33%
Lehigh & New England 4s
69%
102
•
88%
60%
mortgage
108% 109
,
85
30%
1st
108%
140
, .
91
69
106%
75
Internat'l
,
102 VA
103 VA
85
34%
t
99 Va
103%
84%
58%
58%
•
'
-78%
28%
deposit
'
79%
113%
34%
42%
103
94%
97%
105% 107%
103
92
94%
—w—1952
unguaranteed
100%
\
87%
1st 5s series B—A
-1956
1st 5s series: C
—-w——_i_1956
Adjustment 6s series A
4V2s
95
105%
89%
70%
Plain
93
92
66%
Rv
95%
97%
92
74%
F
Kansas Citv Terminal
37%
45
104%
100%
97%
.
102
62%
of
100
103%
138
13974
;•
•
67%
104% 105
88%
Internat'l Gt No 1st 6s series A—1952
& M Ry
104
94
95
100
106%
& Mich
39%
103%
89
106%
Ft S
41%
—
106%
C
113
76%
101% 105%-,104
83,
89%
86%
91
90
96
ftft_ft
:: 104% 104%' 104% 105^
100% 100% "100% 100%
100% 100%
1961
Certificates
115%
72%
104%
94%
97%
i ' 99% 101%
97
100 /
'.94%
1st gold 4s____1950
Indianap &■ Louisville 1st gtd 4s___1956
K
114%
79%
*
76
37%
.86%
100% 103%
90
1963
^
series C
Ind Illinois & Iowa
Kanawha
75
85%
115%
115
80:
83%
1C3%
38
105%
97%
90
8
Inland Steel 3s .series
James
77%
.'Vc..-.
series DL—1963
1st ref mtge 4s
ft. ft/
99
—ft
—
.
Joint
115%
87%
83%
ftft,
Illinois Cent & Chic St h & N O
v
82%
'86
115% 115%
—1951
; "
Western Lines: 1st gold 48—1—1951
/-•v-Registered v/V;v.v/■:W■////,/,/'//
.
95% 100%.
75%
86
•
.74
-
Louisville Div & Term gold 3Vis_1953
1st gold 3s_u—1951
■
.
100
;
Omaha Division
;
95%
1950
Bridge gold. 4s
^t Louis Div & Term
103%
84%
104.
96
88%
1st
<
—-1951
—1955
Division
17
103% 103%
^.-——1952
Litchfield
15
;™1951
•
///' Purchased" lines 3 V2s—
.
•'36%
104%
104%
Collateral trust gold 4s—
Cairo
-
104
Refunding 4s
t
.
101 §J
104
/.6974ft 73"ftftv70% '>59%
37*%
103 %
103
--^.---1951
3 Vis
Extended
/
103%
74%
1957
4s__
106 VA
—
103%
1962
A
Adjustment income 58
Illinois
106
ft .',:98 V*
•
1st gold 5s_1949.
Hudson & Manhattan 1st & ref 5s_1957
Illinois Central 1st
102 VA
106 Va
101%
n
102% 103
Hudson Co Gas
■
102'/a
105 V A
137
100
>'v^
/a
series
103 VA
103
108 %
1970
4xAs debentures——1954
Oil
Hudson.Coal 1st
103 74
103
99'A
101 Va
97 *4
V
4
'
16 VA
103 VA
104 VA
101*4
>. 104%
80 VA
14 7A
14,;5
15
——
Houston
■,;
1077A
103 VA
4VaS_^—1999
cons
15V*"
-_
102 74
102 VA
104
99%
:
98'A
1969
91VA
13
'-16%
•/"15
18%
102%
•
'i
Si,-,'
80'A
140%
95
98
^1952
Housatonic RR consolidated 5s
-
15%
102
mortgage 5s Series A—2015
Household Finance Corp—
2%s s f, debs--^-^..
.
13%
103V2
;
1st & ref mortgage 3%s "D*'—i—1969
Hocking Volley 1st
79
16%:
5 91
General
80
15
1975
Gulf & Ship Island 5s stamped
Gulf States XJtil 3Vas series D
78%
101%
—1959
series B
4s
84
18%
104
B_—
Greyhound Corp deb 3S
80
;:"*V
106%
.'I
\
•
V'.
;
■
106%
•
78%
ft*
105 VA
Vis series N
3Vis series O
74
>.
128%
111 V a
Geh ihtge 3
Gen mtge
137
127%
105% 108
107%
105%
122
110%
104%
106
:
136 VA
133%
121 VA
i
105
107
High
122
/
106
104% !Z 105%
106 7A
• «;.
December
Low
High
121 VA
134 Va
123%
111%
-
.Low,
121 »A
134
133
119%
rl20
105 / .106%
103% 104%
General mortgage 3%s series 1-1967
/3VaS. series K_——
-_,.-_1960
.
'120% 1122%:
120% 121 Va
E--—1977
4V2S series
General "4Vis
:119VA'T21&/
series B—>...1952
5 VaS
November
High
1
,t
:
ft
•.Vc jme -Uj3
THE COMMERCIAL & FINANCIAL CHRONICLE
Number • 4460
-
NEW YORK
BONDS
Low
'
'/Maine Central RR gen in 4%a ser A I960
1st mtge & coll 4s series B
1954
RIarch
February
January
Low
High
Low
High
High
;;:69:/;'73';
i
Low
70
78%
82%
83%
83
847/a
83
Manila Elec RR & L 1st & col 5S—1953
75
High
f 68 stpd^_1947
102
102
102
McCrory Stores 3 Vis...——1955
104
104%'
104%
104%
102%
104i/2
105
105'/2
100
100
101 %
s
Metropolitan Edison 278s—
.1974
Metroj> wtr Sewer & Drain 5%s_-1950
Met-West
Side
Elev
(Chic)
4s
Michigan Central RR—
99 y8
■...'16%
-.1938
71
84%,
102 Vi
82%
80 Vi
81%
101%
lOOVa
101%
90y4
85%
88
II
II
101
Milw
1st
& Northern
Consolidated
Minn
& St
ext
RR
5s
:
83,.
;
101
85
90
RR
4s
General
1st
—
23%
21 y»
104%
105%
103%
103%'
103%
103%
103 ;
103%
104%
105%
105
105%
104%
105%
104,,'
104%
105
105 Va
6s debentures
Morrell
101 Vi
1001/4
101 Vi
100
101
101
101 Va
103
103
102
23 Va
24%
25 Va
23
24%
22%
-
102
25%
23%
23
102
—
107 Vi
107 VB
104
104%
103%
104'/a
109
110%
110%
111%
110%
111 ry
109%
llOVi
109% 110
109
109 Va
108%
83
109%
109
109
75
97*/2
:
106% 109
108%
100%
10214 :: i
12'/a
6-
.
11%
81%
80 y2
112%
113%
114%
116%
114%
120
109
y:
: 12
12
8
8-•
103%
87
105%
:
5%
.
90
xl05
115y2
107
107
120
X100
19%
120
100%
100%
12
..
.6-
'
3%s«
105%
103%
106
74 Vi
80%
74 Vi
81
75%
81
84%
80%
87%
84%
90
86%
90%
82
88%
82%
90%
88
92V4
91
92%
88
86
80%
70%
•
70%
81
77 V*
72%
■-
85
:
85
81%
'
86
99%
99%
90%
.
109%
-
110%
90
95
111% 111%
109V'4
109
108
:•
58
91%
72%
82
73%
79
76%
83
14%
20
16%
18%
72%
82
73%
79
-
82%
72%
79%
82
38%
89
83
85
83%
87%
85%
87
90%
87%
90 J/a
88
95%
88%
79%
IO71/4
105% 106%
112 r
110%
111%
110%
106
105%
106
105 Vi
105%
105 Va
99%
100
»
100 b
100
100
102%
103
/
101%
101 Vi
71%
65%
68%
66%
71%
66
80%
70
81
79
84
79 Vi '
81% y; 80%
63
74%
78%
75 y4
77%
76%
82 Vi
105%
106%
106%
106%
104%
113
113
111%
113%
111%
105%
106%
105%
106 y4>
104%
106
105%
106
105 %
98%
96%
97
100
100
100
'
101%
101 Vi
lOli/a
102
102 Vi
102
102%
102
t
103
102%
102 %
69
67%
71
72%
77
70%
74%
63
83 Vi
76%
99%
98
y
99
96
95
97%
98%
102 %
102%
112
111%
y8
68%
74%,
73%
102%
76%
76
84%
81%
86%
82
86%
78%
169%
79%
75%
79%
75
79%
72
109%
109%
109%
109%
102'/a
104
103%
107%
108%
107%
104%
102%
103%
101%
105
105%
105
105%
105%
112%
99
100%
1093/4
%
'
79
72
-
•'
106
106
105 Vi
105%
109%
109%
1CT9%
109
104 Vi
102%
104%
101%
108 J/4
106 %
108
106 y4
103 Vi
101%
110
•
114
125%
124%
99%
100
105%
106 %
112
99
109%
112%
102 V*
104Vi
100% 101%
%
110%
75
72%
105% 106%
81
83
86
81
80
106
105% 106%
105,
106
107
110%
107
98%
107
111
111
110%
100%
102
98%
99%
XlOO% 101%
100
-•j'.''1,
112 Vi
125
124% 125
125 Vi
125%
125/
125 y4
125 %
125%
124%
101
125%
125%
125%
J2 sy4
126 V2
lOO
105
105
107%
106%
106 Vi
75
75
86%
86%
91%
86
107 %
107 %,
107%
107 %
107 Vi
107%
107
106%
107 Vi
107
107%
106 V2
107 %
106%
106
82%
81
86
80
90
98%
94
93
91%
93%
.
97%
94
95
92%
94%
82
75
Z
92
95%
87
94%
93
94
101
94
83%
87%
86.;
86,%
84-y
90%
95%
92%
95
87
93%
89%
92%
87%
91
83
96
'
81
b
94/
80%
86%
83%
88%
95%
102% 105%
105%
107%
106
103
104 %
104
99
100
91%
92
99
-
91%
84
99 V*
100'/4
103
96 Va
85%,
93%
92 Vi
94
89%
89%
94%
99
90 Vi
93%
94%
94
99
92%
89%
«
93%
80
-88%
94%
90%
105
93%
80%
89
90
92 '
; '
103%
102
103 y8
93%
95 y4
93'A
95%
88 Vi
93
91
89
86
'
94
89%
93 Vi
89%
95
91%
95
91%
87
86
87%
87
91
87%
91
86%
■
96;
90%
89%
86%
97%
Non-convertible
103
103%
103%
103%
105%
106 Vi
102%
105 Vi
103
102%
106%,
106
107
108%
106%
107
106% 108%
106%
107%
106%
100%
102%
101%
103 Vi
102%
104%
103 Va
104 %
102%
104%
104
1965
105 Va
106%
105%
106 Vi
105%
106%
106
107%
104%
105%
104
102 Vi
101
si
90
94
89%
91%
Vi
92%
99%
99%
-105%
102 Vi
104Vi
99
98
104%
104%
101
101 r
102 Vi
100 '
98%
103%
7v'fl
:
108
103%
96%
90
87 Vi
93
91%
93
88
84
'
81
87% '
88
89
87
87%
91%
83%
92
#
81%
85
83%
87% ""
863a' mm
—
;;
r
'
.
81
82
80 y4
83%
82%
82%
105%
106%
104%
106 Vi
105%
106 Va
106%
106%
90%
100%
ior%
100%
101%
100%
103 s/a
102 Vi
103 Vi
106% 107%
106 Va
107
107
108
106%
107%
/
107%
106
104%
103%
104%
103% 104%,
103% 105%
105%
103%
104 7/8
103%
104%
103Va
104
104
104%'
103
105 Va
107
105 %
106%
105%
106 Va
103
103%
106
106%
113%
103
106%
mvi
iu%
107%
109
107 Vi
107%
106%
107%
106%
107%
106 Va
106%
112%
113 y8
112%
112%
112%
113
112
112%
111%
112
111"S
111%
111
111%
113%
109
109%
109
109
108
108%
1U% 111%
115
116
114%
115
115
115V4
115%
110
109%
111 /
112
110
109
109Vi
112
114
113%
98%
113%
114%
•
84%
88
84%
91%
93
65
58 Vi
—1947
97%
59%
65%
:
106%
107
66
,70%
56
61 Va
56
59%
57%
65
66%
69
61%
56%
60
57
65%
64%
69%
57%
57%
56%
1948
63%
72%
Collateral trust 6s—«——.....^.1940
89%
92%
27%
34%
27%
62
71
62
1967
Harlem Riv & Pt Chester 1st 4s_1954
Niagara Falls Power 3Vis
1966
Niag Lock & Ont P 1st & ref 58—1955
Norfolk & Southern Ry—•
21%
5
6
Norfolk & Western Ry
;
78%
106%
107
106
107 y4
63 Vi
33
20
14%
17
95
95%
107%
.
5s
A
t
..1961
59%
56
■
_
110
•
28
-
!
95
109
110
103Vi
13%
72%
66 Vi
70 Vi
69 Vi
89
93%
97%
85
86*/a
85
43%
28
37'/a
33
35
59Vi;
70
63
68
84%
87
86
88 %
! 87%
33%
32%
45%
35 34
69%
68
36%
73 Vi
33%
62
70%
81%
68%
79%
108 %
108
108%
5
•
.
79
81%
6%
5%.
17%
83
106%
107
.64
63
73%
26y8
85%
107
106 Vi
106%
106
■
105%
89
108%
22
*
106%
'75
106 y4
105 %
mm;. k 80:
109%
109%
1093/a
107;
108
107%
108 Vi
107%
108
91
95%
94%
98%
52%
55,
54%
60%
25 Va
30
•
29
105%
106
105%
106 %
106%
105%
106 y2
74
75%
80
41%
42
44%
48
26
29%
30
34;
97
97
98
/
63
,
» 46 y
106
.
106%
107
107%- 108%,
36%
109 Vi
108
108:~
107%
108%
108
108
34%
44
107-
1
11%
9%
108"
107
'
107% 108
106%
70
105%
100
106
106 Vi
104%
105%
104
74%
71Vi
75 Vi
72
46
40;
32 Vi
28
69%
32%
44%
--
•45 >">
32%
30
98%
107%
107
107 Vi
107%
lC-7% 107%
-
89%
95
47
59,'
'
!
—
133%
134%
133%
''-'J.**'""1'
134
48
48
registered
1007
Jan 2047
135%; 135
124
ser
58
98
99%
98%
56%
65 Vi
64
97 V
124
108% 112%
no
y. ii5ya
113%
106% 108
109
110%
110%
78%
76%
116
112%
72%
79%
71
76%
A„2047
87
94%
74%
<73
89 y2
75
'
967
81
102
100
102%
75
62
72%
M 92
95
136%;
118
111%: 114%
7
77%
85%
136
136%
32
36%
106 Vi
107%
108
100%
105%
108 Va
105%:
103
100
103
31%
:
99
58 Vi
62 Va
58
?
124"./
,
34%
135%
136
127%
128
136%
136'
138% 138 Vi
135%
136
138:
119%
118y4
119 Vi
115%
119%
112
>
116 Va
112%
115
112%
116%
114Vi
114
*14%
114
115
110%
114%
110
Ill
110%
113%
89%
83
89%
80
■84%
74
76Vi
75
98%
97 Vi
100%
99%
1061/2
108%
781
87
Vi
83
86%
82>/2
105%
103% .108
'
•
89%
76%
77
'77%
85
85%
81
103Vi 109
96%
75
117%
120%
113%
114%
105Vi
82 Vi
79Vi
81%
106%
86%
105 Vi
105 Vi
107 Vi
107 %
108%
109
82%
79 Vi
81%
80V4
78
76%
78%
78
98%
103%
103%
95%
107%
119 %
114%
105%
116%
102 Vi
107
107%
110
109%
108%
111,7
99y2
99%
102 Vi
100%
104 V2
103
109
106 V2
110
99
107%
101%
104%
107
93%
110%
104
99
106
108
93%
102
101
104%
103
109
106Vi
110 %
98%
107%
100%
104%
107*7
99Vi
110%
108
99 ; ■/
106%
104
99/
93 Vi
105%
107-
105%
106%
104 Vi
106%
104%
105
105
102
102
102
102%
103
103 Vi
104 Va
103
103 %
Y—
102%
108Vi
109
109
'I09y4
107 Vi
107%
107%
107 Vi
107%
107 Vi
107%
104 Vi 104 Vi
102 Vi 103 Vi
107 Vi 107 Vi
^Northern States Power—
1st <te refunding 3Vis.—1967
mtge 23,4s
,.1974
page
1964
631.
110%
108 Va
HO Vi
104 Vi
110
•
■77
• /
(Minn 1
mortgage 3Vis
105%' 107%
105% -106%
703
103%
109
110
105 Vi
1077,
103
103
108Vi
109 7
105%
1 no v.
106 Vi
1 m
104%
105
136%
112%
93%,
107:
136 Vi 136%
103%
%
116
135 Vi
99%
102 y4
>62*7
128
5s series C..2047
2047
58
138
128
135%
127%
5s series D
6s series B__2047
62 Vi
-
112%
794:7
82%
134%
127%
136%
136
136
124
113
30
105%
35
96%: ,100%
633/a;
40
100
107%
.
'
Y
73
107 Va
31%
,106
98
60Vi
99
55% ■> 64
7
106%
.
136-
.2047
....
4Vis
100
''
134
b'tbb
Collateral trust 4VaS—1975
gold 3s
98
53.
'■
Vi
106 Vi
106%
107%
107%
7 44
'30%
98 Vi
105%
100% 107%
34
J31%
34%
106
106 -v>
■
14%:
102%
89
85
105%
72%
30 Vi
107%
101%
88 Vi
105%
•
98 Va
108 Vi
25
11%
12%
102
84 Vi
86
109
21
25
101 Vi
9%
74
109
108 Vi
20%
100% 101%
.82
46
33%
41% i 28
32,
32 Vi
109%
84
105%
72
29%
97
107%
♦I—'
107%
105%
75%
107%
81
86
106 Vi
26
'107%
'
11%
42
33% v
'23%
101%
22%
109%
108%
20
10 Vi
38%
108
108
100%
23%
25 Va
108%
22 Va
13%
38
109 V2
38%,
70 Vi
101%
72%
107%
109%
27
90
33 Vi
73
9%
96%
110
34%
109%
86
36%
66
77%
17
95 Vi
90%
33
70 V2
100%
28
.
88
36%/
66
14%
60
s
so%
.17
20%
24
88
32% :
86%
85
88
108
108 Vi
72%
%
101%
101
101%
107 Vi
18%
27
10%
12% : 16%
107%
108%
108
30 Vi
x
96%
56%-
106
80%
75
A.1974
ser
'
see
.76
'
1st cons 4s. 1996
North Central gen & ref 5s
Refunding <fc impvt
Refunding & impvt
Refunding & impvt
Refunding & impvt
69
82%
70 Vi
72
85 Vi
108
27
77 General & ref 4Vis series A
1974 s
Northern Pacific Ry prior lien 4s_1997
,
65
■75Vi-
25%
5%
109
—-.—..2014
RR
81
77-
106%
93%
refunding 4'As series A—1998
Southern
68
67%
69 Va
71%
>
-
5s conw inc—
82%
■:
7:72%
63%
65%
106 Vi
109
66
65
29
11%
1st gold 5s__
....1943
York Telephone 3 y4s ser B—1967
Y Westch & Bost 1st 4Vis ser 1.1946
67
60%
86 Vi
26
.Terminal
62 Va
61%
61
52%
.'New
63Vi
58 Vi
25
105%
——1940
60%
65
84 Va
106
1937
2nd gold 4ViS-i—.1937
7h: General gold 5s_—_
67%
54%
69%
101%
74%
56%
73%
29%
5l/4
1963
76
66
68
7%
Corp 3%S.
N Y- Susq & West 1st ref g 5s
75%
66 Vi
74%
93%
4%
.-New York Steam
72%
91%
.—1955
Light 1st mtge 2%s_1975
1st cons gtd g 4s__1993
Queens Elec Lt & Pwr 3V2s_1965
69
70%'
87 fer
&
Putnam
77
72 Vi
67%
108
68 %
68%
65%
63 y4
27 V2
65%
66%
70
21%
66 Vi
62 Va
'
22%
64
63%
64
18%
64
60
68
108:
60%
67%
69% / 77
21
61
56 Vi
69%
107%
59
66
71
10%
•54%
64
65%
71
107 Vi
71
.
67%
70%
107%
97%
68 Vi
;
63%
64%
19%
94%
70%
60
65
66
107%
93%
60
60%
64%
23 %
792
88
87
66
98%
58%
61%
65
107%
66%
92
59
65%
47V4
62%
85%
65
66
107%
62%
116
116
y
55
57
1992
94
73 Vi
59 Va
-
92%
73 %
59%
.
88%
93
92
65 Vi
60
'
84%
70
62%
•
116
88 Vi
75
67%
62
64%
115%
84
74%
.67%
56 Vi
•
75%
65%
76%
58 Vi
58 Vi
63
115
115 %
99
90%
97
107
61%
62%
1
114%
96%
94%
100
70
56%
65%
.—.—1957
95%
•98%
98%
62
91 '•
65
66
———
97%
-
65
65%
gold 4s
93
88%
89
56%>
57
N Y Ont & Western 1st
113 V.
112Vi
113%
57
56%
1927..
x58'/4
62%
57%
series
95
94
1956
—.
87
87%
93
58*/a
112
7 i
116%
112%
109%
110%
110% 111
109%
110
109%,
109%
109%
110%
110%
104%
104%
104 Vi
113%
.1973
3Vis
103 Vi
104%
109
109%
104 y4
105
107%
4s_1947
non-conv
102%
•101% 101%
112%
113 y8
108% 108%
A—1973
ser
106% 107.7;
106%
102
107% 107%
1956
For footnotes
92
105
97
96
b'92;,:/
97
98
99%
112%
Pwr 5s__1948
1955
3s registered
-
91%
92
90
92
105%
Convertible debenture 3%s._,
Convertible debenture 6s
1st <fc
•
/
105 Va > 07
97
'-"lb
89
"
104
83%
—
,—..
106%
109
Non-convertible debenture 4s
1
'
89
1027/a
106
103%
106%
102 Vi
106%
Non-convertible debenture 4s
V
-.tS
95%
108 Vi
103%.
89
95
87
'«■
92 Vi
90
93
83%
107%
Non-convertible debenture 3yas__1954
.b. (Wis) 1st
99%
91%
r
-98%"
97%
100%
97%
93
87%
89
1951
—
1st
91
101 VA
1966
Hartford
lien
87%
—1975
New-York Lack & West 4s
1'
4 Vis series B„
General
99 Va
■—
,7.r.
'
92%
OQ
89%
85%
94%
88
106
—.2043 '
4s
;,
83%
.
,
105 Y*
108%
Mtge- 4s series B—
&
95
101
92
;
96 '
r?95b;# %:i 96
96
/'97-1 ' 100%
92'
,
;
82%
80
85 Vi
"
85%
100%
.—2043
Norfolk
85
<
91
97%
106%
103
Mtge 4s series A—
Y <fc
94
85%
•
Vi
94
104
103
103 ;• 104%
97
92 V '
96%
88%
85%
.
96%
99%
81%
1975
Purch money coll trust gold 4s__ 1949
New York & Harlem gold 3Vis
2000
Power
106% 109
96 */a- 101
R4. l/«
OT/2
J93%:
106%
82%
X
Y
96%
85
97%
95%
107
1980
Elec Lt Heat Ac
General 4s
92%.
83%
104%
96%
104%
81%
_1998
93%
107
106%
f
99%
96%
V
93%
.
83
107
105 Vi
3
.
93
107%
92%
97
90
90
81.
86 Vi
!■'"<
99
92%
100
89%
91%
84
95 Vi
98
99
100
87%
86%
76%
85 Vi
i<
100%
99
101%
100
100
98%
91%
100%
85%
106 %
77
86%
93%
93
97%
80
94%
97%
r
96
90
90
107
77
ViJ
77
.vahb
100%
109
108
\ni
87%
106 Vi
106% 106%
92
91
109 >/4
105 Vi
94%
92 f
,
108 V
105 Vi
88
82%
<
107 :V
107%
107%
105%
107%
92
90 V4
:9t
107
100
107%
107%
104
93
80
107 Vi
106%
108
107% 107%
106
78
107%
101
100
107%
100%
107%
107%
107%
98 Vi
100
104%
100'/a
108
106%
105% 106
97
107%
100%
104% 105%
v
100
100 %
108
106
83%
83
100%
124%
85%
97%
102%
,
' r 99 v
126
81
87
101
'
100
99
125
85%
1997
101%
99 3i
101%
99%
125%
86 Vi
1998
102
112
85%
—1998
1106%
105
113V4
'
87
105%
112 Vi
86%
95%
104% 106%
114
86
104
105%
97 Vi
88
78%
105 n
104
112%
HJVi
87
105 Vi
99%
83%
100%
106
114Vi
83 %r
90
102
105 Vi
113%
81
82%
104
107%
107
114%
100%
l-."-
102'
105%
107
113%
85
•
102 Vi
107%
99% 101%
114%
108%
*
99%
107 %
113%
107i/2
106 y2
86%
98% 101%
106% 107%
114
100%
71 '•»"
107%
106%
102 %
105
105%
74%
107%
103%
106
100 Vi
106 y8
107»/«
'
109
106
113%
100
-
105%
125'/a
105%
80
2013
1st 3l/4s series E_
N Y &
87y2
105%
115%
108%
105
80
2013
New York Dock 1st gold 4s
New York Edison 3%s series D
4s
73 %
101
77
Connecting 3 Vis———-1965
ref 4Vis
102%
71%
100
106
106
70
1998
mtge 3%s series E
&
102%
113%
83"
27/«s series B
1st
100%100%
f,
115%
108
104%
1974
Debenture
73%
'■
100
106
100
106
104 %
.1978
Y N H &
y4
:
114%
99%
108 y2
100-
106%
1945
series A
Y Gas
105%
100%
114%
97%
125%
:
101%
106
89 Vi
106
114
b' 114%
114%
107 Vi
deposit
Refunding 4 %8 series C
rRef/ftitge 3%S series D
New York
74
105%
•">
St L—
Refunding 5 Vis
Ref
103
108 Va
106%
100-
Michigan Central coll gold 3Vis_1998
&
100
70%
108
87
106% 106%
•
Chic
100
88 Vi
108 Vi
113
106
New York Central & Hudson 3y2s.l997
New York
85
108
96%
80
registered —.:
106
102 Vi
83
105% 106%
105%
123%
..Y————1956
Certificates of deposit—
1st 5V2s series A_
I954
3 Vis
106 Vi
"b 91%
82%
87 Vi
83
91%
112
95 r y 98
Certificates of deposit—
3*/2s
87
106
91%
89%
106i/2
112
114%
—.——1956
gold
99%
100
105
1st 4%s series D
coll
49%
99%
97
42
91%
87%
108%
96
deposit^^.^i.*»*
registered
40 Vi
97
100 v4
y 90
! 39%
106 Vi
91%
107%
66%
97
vi
42 Vi
91%
/
106
108%
:
100 Va
99%"
,;,99%
106
107
-72%-
91%
68
97
106%
108
102
56%
100 y2
106%
107
98 y8
99%
"97
59%
9-1%
83
91%
87
.93
108%
•
92%
94
108
1
107
96%
1953
.
41
83
112%
.
A—1935
A
83
31%
91
107
96
Certificates-of deposit———..;
1st 5s series
1954'
series C
89%
39%
80
107
1974
A
91
29%
93 y8
107
105% '106%
4Vis A__1952
ser
80%
41V4
88%
111%
1986
Npt & Cin Bdge gen gtd 4V2s__
93
33%
95%
87%
■
107
1983
A
88 Vi
43%
87%
•
98
ser
95%
35 Va
90%
79
'
83%
106% 107
1945
New Orleans Great
87%
41
85%
80%
1954
1948
New Jersey June RR gtd 1st 4s
J Power & Light 1st mtge 3s
90%
23%
76%
79
100%
92
'58
91%
85 y4
87%
16%
83%
84 y.
-
87%
79%
18%
80 Vi
76%
79
73%
80
31%
80%
16%
•
;;
Shore
93%
91%
New England Tel & Tel 30-yr 5s—1952
IX
1st gold 4Vis series B—_
—1961
3 Vis
85
96
103 Vi
83%
85%
83%
98%
3Vis registered
85
92 Vi
51%
-
Lake
80
81%
91%
83 Vi
1Q45
5s
76
54%
1061/4
ser
101
80
89
105%
Northern 5s
88%
75
89%
106
N
92 Vi
71%
83%
105%
4s
89
84%
83
.1965
4s____
80 %
lOOVi
75
74
42%
Steel
gold 5s
76%
88%
95%
91%
National
3s
101%
71
71%
;
79%
100
50%
102%
4%s series
70%
Vi
78
90 Vi
Vi
101
;
92
V75 -:
91
105
impvt
86%
37%
103%
impvt
65 Vi
69 Va
80
103
&
91
93
102%
&
84
87Vi
101%
791/4
89%
93%
1949
3 Vis
Ref
78%
88
112
56%
Distillers
Ref
91
88
National
4s
85%
•
47 Vi
104
Central RR
83
87
94'
87%'
108
York
82%
83%
95%
102 y2
New
89%
59%
107 y4
of
85
95
103%
Certificates
86%
87 Vi
108J/4
-Certificates ot
83
87%
109y2
1st 5s series jC——;
89%
52%
107 Vi
1st 4s
79%
91
109 Va
Orleans Term
95
90%
107%
New
87
^
y 58%
109%
New Orleans Tex & Mex 5s
98
-
85%
107
Northeastern
93
46%
109 Vi
&
93
103
;■ 87
101
85%
1960
New Orl
88
96
87%
3y2s_2000
3y4s
gold
81'i
96% :• 97%
49%
Dairy
cons
72%'.
86%
99
i
87%
National
1st
67'
81
65
79%
108%
RR
70%
88 3 i
94 Vi
:
34%
108%
Naugatuck
b 68
79%
80»/a
80%
108%
Newark Cons Gas
71%
92
36%
debentures.—__1958
New England RR cons
Consolidated guaranteed
74»/4
87%
807/a,
>..1966
,
Corp
69%
93%
100'/a
76%
———1951
Products
76%,
89 Vi
76%
108%
3s
99%
72%
33%
71
(John)
95
76%
90%
79%
77%
.
„
107%
110%
105% 10S
79%
Mutual Fuel Gas 1st gtd gold 5s__1947
Nashville Chatt & St Louis 1st 4s_1978
;
•86
84
109
371/a
66%
••"t
1
-
73%
73%
\
83
107
34
64%
;
83
»
107
107
111
73 Va
s
71
.
:
27%
104,? 105%
'
105
110%
40 y4
82
77%
N
104%
110 Vi
107
80%
.
107% 107%
105
109
82%
;
!
69 y4
;
109
104 V > 101%
73
X Construction mtge 5s ser A
1955
I Construction mtge 4 %* ser BiXJL955
Mountain States Tel & Tel 3Vis__1968
N
107% 107%
101%
108%
33
72%
63%
N
^
103
—
98
100%
,71
■
'■87
85%
83
85
95%
77%
83
77
83%
82
80%
80
78
74%
r4Vi
•
1965
—.
„
Power
98
103%
80 >/2
72%
;
,
29% V '26%
28;/
<
105
15%
■
77%
62%
.
29
1977
Morris & Essex 1st refunding
•;
25%
25'/a
107% 107%
91%
115
118%
12%
5%
■
90
113
**■
11%
12%
7%
—106Vi 107
86%
78%
112%
80
106
101%
*.
■
102
103Vi 104%
101%
0
V
105
105% 105%
iooy4
105
1975
—
Montreal Tramways 5s.
•i
90%
101%
i04Vi
&
Montana
"■*.
101%
87%
104% 105
103
refunding gold 5s ser G—1978
gold 5V2B-.
1949
1st & refunding gold 5s ser H—1980
1st & refunding 5s series I
1981
N
101%
91
-
105
Y
Mohawk- & Malone 1st gtd gold 4s_1991
Monongahela Ry 3%s series B—1966
Monongahela West Penn Pub Serv
/X 1st mortgage 4 Vis
1960
•
,
102
105
Convertible
,-j:
101%
87
105 %
107
A..1962
5s
Prior lien 4s series B—^
1962
lien 4%s series- D—j—1978
N
101
105%
103%
1047/a
Cumulative
./
87%
104%
107
1962
A
ser
i' 1st & refunding 5s series P
>
81% '
77%
101
101% 102%
22Vi
23 V*
:
105
107%
adjust 5s series A__1967
Missouri Pacifio RR 1st 5s ser A.-.1965
;,
Low,High
79
105%
102
101
—
1949
Prior
v
December
High
73%
-
106Vi
106
—
105%
1940
__
Missouri-Kansas-Texas
•
Low
Low,. High
73
76
100 ..100
82%
88%
100%
82%
103%
.73
■X
76
100
105%
Gen mtge 4s inc series "A"
__1991
Missouri Kansas & Texas 1st 4s__1990
?
100
87»/a
104V2
6%
;
101
85
105%
105%
y
101
V
!
100
103
*
72Vi
-
92 Va
V
105%
4y2s inc series -'A"_1971
v
f 65% "<;;:78
November
October
High
StP&SS M-
1st mortgage
,»
September
Low
High
105%
4%s—.1939
4s__.
Refunding & ext 5s
Minn
Low
100%
109 y4
1st ext 4y2S_1939
extended
Louis
*
98%
5%
*
81
105%
gold 3' ■„„/,
v Refunding &
impvt 4Vis ser C__1979
Michigan Consolidated Gas 3y2s___1969
Midland of N J
August-
s
High
76%
<-.t
1st
•.
84
101-
23
19
17%
80%
Jack, Lansing & Saginaw g 3%s*.195iy
ri
Low
78%
75
'Marion Steam Shovel
July
June
i Low High
92 ya
74%'
_1957
Sugar sinking fund 4s
RECORD
BOND
May
v
101%
68'/a
68 Vi
Manatl
•
April
Low
High
637
104%
—
107 Vi
■
79
108%
108%
•
107%
82%
102
io7107
102
106
106 3i
7
Thursday, January 31,1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
538
NEW YORK BOND RECORD
'
Low
•
I',
4s_1948
Ogden & Lake Cham "let guar g
Ohio Edison 1st mortgage 33As—__ 1972
1st mortgagees
.
——
——1974
23/48
v
1st
1st
29'A
105%
1i
w00
166%
993/4
22% ,' 26
25
21
24%
■
28 %
;
November, w December
High
Low High
Low
<
■:
105
ioi%
100 y2.
105%
106
100 y4
100%
104 to
.
—
100to 100%
.
:
_.
1Q4%
993/4
101
103%
105
■
104,1/4 104 to
99
'
99%
lOOto
100
100%
100to
101%
99to
100%
100
lOOto
lOOto
lOOto
100
101%
101%
102 A
10143
101%
101%
101A
101 ys 101 A
1017/a 102
1031/a
102%
103 VSi
1021/2 102%
102'/a
102 to
102 to
102 i/a
99to
1033/8
103 to
104%
105
104%
104%
103%
103%
103%
103%
1031/a
103%
103'/a
103'/a
102%
103
102%
103
-
1043/4
1043/4
102
102%
105%
104%
105
1043/4
104%
104 to
1043/4
103%
104%
103%
103%
1031/4
103%
103 to
103%
102%
103%
102 to
102%
1021/a
102 to
102
102 to
105%
106y4
105 to
106
105%
106
105%
166%
105
106
105
106
106%
105%
105%
1041/2
105%
104%
105%
101%
101%
101%
101% 101%
105%
105%
105%
106%
101
101 to
101%
101 to
101 to
102
106%
1021/s
102%
102 y4
1021/2
1021/4
1021/4
102
1
102 VT
102 Va
102%
105'A
101%
106 y2
105 to
1063/a'
105%
108
1083/4
107%
IO81/4
106
107%
1063/4
1073/4
107
107%
106%
107%
106
1063/4
106%
1063/4
105
107%
106 to
107to
106
106%
107y8
106 y2
107
106
107%
107
105
106
106%
106 %
107
105%
106%
106%
106'A
107%
106
107
105%
106
106%
105 to
106 to
105%
106%
105
106to
1053/4 106%
105
105
105%
-w;
1063/4
107'/4
106%
107
106
106 to
1071/2
106%
1073/a
105% 1071/8
,
106%
106%
106%
106%
1061/4. 105
105%
105to
107%!' 106%
107 i
105%
108
IO61/4
105
105%
105 7/a
106%
106 to
107%
107 to
105%
loo
105%
105%
105
105
-
106
luo%
lv/i>
lud 1/2
1 ud3A
luo%
lud
lub%
100%
1653/4
106 to
1053/4
106 to
106 to
106%
109%
HOto
109 to
110to
1093/4 1097/8
1081/4
109%
108%
108%
1073/4
107%
107to
1071/a
107 to
10a v 10715
109%
107
105to
105%
1033/8
104
105
104to
104to
103 Va
105
105
105'
113to
112 to
1121/2
112
112
111
111
111
112
110%
110% 110%
106% 106%
111
111
110%
110%
111
111 »/8
111%
106
106
106
106
106
106
106
106
107%
105%
106'/a
106%
106%
1061%
105 to
106 to
105 to
IO61/2
105 hi
«•*
.
IO51/2
105to
1133/4
114
112 to
1133/4
113 to
109%
110%
110%
111
110%
mm
105
—
—
'
Penn-Central Airlines—
1960
ref 3%s series
"D"
110 to
110%
105 Va
HOto
110%
110%
4
108% 108%
-1981
.1968
& Det 4%s ser B
110
105 to
-1952
Guaranteed 4s series E
1st &
106
106%
107 to
106to 107 to
106 to
107
106%
107
fb7to 107 to
107%
108 to
107%
108%
107%
1081/4
1071/a
108
107 to
108%
106 to
108
106%
108
1061/4
106%
106% 107%
106 to
107 to
106 to
107%
106 to
1071/4
106% 107%
106 i/a
107
105 to
Pennsylvania Power & Light 3%,.1969
4%s debentures
—1974
1st mortgage 3s—
..1975
y 3s sinking fund debs..—...—1965
Pennsylvania RR—
Consolidated! gold" 4s—1948* *
Sterling stamped dollar bonds
General mortgage 3%s~ series C.1970
Consolidated; 4 %S
..,1960
General 4y2s series A_
.1965
General 5s series B—
;
..1968
.———
106%
106to
106% 106%
106% 107to
105% 106%
——
—1985
.—1990
Peoria & Pekin Union Ry 1st 5%s_1974
Pe're Marquette 1st 5s series A—1956
1st 4s series B—
.1956
1st 4tos 'series C
—..—1980
*" 3%s series D
—J—
—1980
Phelps Dodge convertible 3y2s
1952
108%
1083/4
108
*108%
108%
108%
108%
107%
1083/4
108% 108%
108%
1081/2
1083A
108%
104%
105
*
104 to
105 3/e
104%
105%
1043/8
105%
104%
•
debenture
to
&
&
IO73/4
106%
107%
126%
126
127%
125%
126%
126
126%
124%
126
124%
125%
1243A
127
127%
1273/8
1223/8
1243/4
122%
122%
124%
121
1231/4
119%
121%
119
120'A
119%
123%
122
124%
125™ «J.23— 1241/2
133
132%
133%
132%
134
131
134
129%
131
129%
130 3/4"
129'/2
133
133%
134%
133
125
126%
124%
126%
122 Vb
125
119
122%,
119
120%
120
124%
125
127%
1263A
1253/4. 126%
104% 105%
124%
126%
123%
125%
120%
124
119
120%
119%
125
126
128%
128
1283A
105%
106
105%
106'A
104
106
104 Va
104%
104 »/4
105%
105
108%
108
109 Ya
106 Vs
1033A
105%
103
104%
1033/4
105%
105
105%
104%
105 %
107%
107%
107%
107%
106
108
81%
82%
88%
87
91
89%
63
62
74
65%
76
75
80
106
106
101%
105
133%
131%
133
121
126%
124
126
124
1253/4
123%
122
1263/g
124%
126
124%
126%
105to
1043/4
105%
1043/4 105%
103 7/a 1043/a
1043/4
105%
103%
1053/8
1023/4
105
105
106%
105
1083/4
108%
108%
1081/4
108%
107%
108
IO71/2
108
86%
91
130%
126%
1
132
129%
—»»
—
1091/4
to
108
108%
108%
84%
78 to
893/4
87
491/4
55
49%
57%
49%
861/2
91%
89
90%
—
106%
„
——
..
106%
——
1053/4
105%
993/4
100%
100%
105 ya
1043/4
IO51/2
1053/8
106'
1073/4
105to
100%
106'/a
1073/4
106%
106
133
133
136% 136%
128 to
128%
130
—
—
—
—
—
131%
'•
,
—
.
105
106%
138
105%
106%
131%
1053/8
131%
138
98%
106%
100%
96%
100%
991/a
100%
100 >/8
103%
100%
99
99%
99
100
104'A
104'/a
104%
1041/s
1043/4
103
101%
103 3*2
102%
101%
—
—
—
136%
"
—
136%
138
134%
134%
131%
131%
131%
131'A
131%
131%
130%
130%
130%
130%
130%
1303A
107%
108%
105 V*
1073A
105%
107%
106
i07i/2
105%
107%
106
106%
106 to
1083A
103%
102%
103%
102%
103
-
—
105%
1073/a
106%
107%
106%
108
102 to
103
102 to
103%
103%
104
104
104%
1023/4
103%
103%
102%
103%
1031/4
1023/4
104%
103%
104%
102 %
103%
102%
103%
102
103%
1013/4
103
101 Va
103
102 »/2
103%
IO21/2
104 Vb
103%
103%
1021/4
102% 1033/a
102%
101%
104
103
102
103
1021/4
103
102
102%
IOP/4
102%
1013/4
103%
103%
1041/8
102%
102%
102 i/a
103%
103
102%
103%
102%
lOlto
239
232
251
255
245
290
226
;
287
105%
105%
1063A
106
107
1063/4
107 %
103 %
102 i/a
102%
102%
85%
81%
34
103%
107
108%
106%
% 35y2
207
234
203 to
214to
104%
104%
104 to
210
104%
106
106%
15%
106 i/a
106%
106%
106%
20%=
106
17 to
19%
18%
23 to
18%
151/2
1011/4
102%
17
17%
17
102 to
103 to
103
18
^103%
20
17%
237
293A
28%
30
23%
26
25%
27
23
7
1063/4
1061/2
106%
106
1063A
106 3/8
107
107
107
107
107%
25
21
22%
29
20
254
106%
7
107
207/a
23
17%
24
103%
102%' 103
.
103
102 %
v
27%
20%
28 3A
—
—
107%
107'A
21%
,
24
221/4
25
-a-
_
—
—
„
103%
103
103%
116%
116%
115%
114
104%
1153/4
104
8103
115%
114
102,% 103
103%
1153/4
1143/fl
1025/8
102%
102
115
101%
102
102
107
106% 107
106
1061/4
106%
107
'
113%
—
113%
113%
123
125
124%
124%
124%
123
__
114
114%
—
I
Pi CM ICO
113%
114
113%
mm mm
113%
125
124%
126%
_
126%
——
124%
—
1155/8
115%
125%
126'A
126
125
127
127
127
—
__
—
126
126%
124%
125%
—
—
—
——
_
127
125
1253/4
—
__
-
126%
—
125
126
125%
126%
„
128% 130%
134
133
1335/a
1323/4
133
1283A
131%
128%
1291/2
128%
131
134%
133
134
133
1213/4
133
134
130%
133
131
129%
134
135
135
134 to
134
136
133
134
129
129%
130
130
1313/4
136%
106
133%
1083/4
1313/4
135
135%
1361/2
129%
134%
134%
132%
105%
107%
1043A
108
1053/4
106%
107
1033/4
1033/4
1033/4
1033A
103%
104
103%
103%
99%
101%
991/a
101 »/a
105%
1053/8
993/8
129%
105
106%
106
107
1073/4
106
103%
102% 103%
103%
103%
102%
104%
106 i/a
105%
105%
106
105
106
107 Va
107%
107%
108%
103%
104'A
103
1031/a
105%
105%
106 y8
104%
106
104%
105%
105%
106
105%
106
105%
105 y8
104%
1033/4
1073/a
105
105
104%
104%
105%
105%
104%
105
104%
106
105
106
..
104%
106
106
106%
106%
105%
105%
84 %
893A
86
98
92
97%
841/2
89%
86
98
92%
96>/a
84%
106
89%
106
85%
92
98
96%
91%
92
91%
104
105%
93to
96%
96%
99%
933/4
98
93
96%
96%
99%
95
96%
93%
94%
993A
96%
96%
97
94%
96%
96%
98%
97
99
98'to
963/4
95
96 %
96'/a
99
96%
99
98i/4
995/8
105 i/e
105'/8
99%
96%
100
100
1013/4
97%
100 "/a
103%
104
1027/8
103%
1021/2
103
102%
108 3A
108 to
108%
107%
107%
104%
107%
102 Va
103
103
101
101
100%
125%
100
1003/8
108%
108%
108 3/a
108 3A
1957
1956
99 VB
1972
26
102 i/a
31%
101
26
103
102%
103
103%
27%
101%
25
313/4
25
27%
102%
32
103%
101
102%
35%
33
43%
37
104to
100 %
110
110
107%
108
1081/4
llOi/a
108%
108%
100%
100
101%
105%
105
105
IO51/2
105'/2
103
155
108%
2037
108%
155
1087/a
108 Vt
157
108 Va
157
157
110%
109%
110
108
108
107%
108
109%
109
109 Va
1083A
1073A
1073A
34%
31V2
33
109
110
110
30%
33
31
34
30%
33 to
33
38to
,
110
108%
155
110%
108%
100%
113
102to
103% 103%
—
1001/8
105
104to
113
101%
983/a
——
10011
1073/4
1951
105
105
105
125%
—
101
100
-
102%
1083/4
—
—
.
105
106
106
1033A
983A
104
98 y4
963/4
91%
97%
97%
101
97
103%
99
96
91%
.
103%
107%
98
97
95
—
103%
9834
92
97
106
106
—
1043A
108 i/a
104
106 y4
106%
101%
•
109
1977
refunding mortgage 3s
refunding mortgage 5s
32
138
130
1966
1st 4s
—
__
—
100
106
105%
92
——
"
— —
—
128
•
105%
lOOto
105
57
57%
52%
106
—
80%'
87
80
66
57
70
60%
62
51%
63
52%
57
-
90
86%
89
943A
deb 4s
Securities
133%
1M54
JLKJO /8
1223/4
106
Public Service Elec & Gas 3y48—.1968
1st
106%
1073/4
123%
IO31/4
3'As
Power
Providence Terminal
1st
107%
1071/a
128%
1960
1st mortgage 3y4s
Pressed Steel Car 5s__.
Providence
107%
107%
127
'
1950
Electric
107%
107%
121%
—1964
5 Va s—
extended
107 »/e
1073A
126
•
1950
B_
Portland General Elec 1st 4%s
5s
108%
107%
124%
131 to
Pittsburgh & West Va; 1st 4%s
1958
1st mortgage 4%s series B
..1959
1st mortgage 4V2s series C
..I960
Pitts Youngs & Ash 1st gen 4s A.1948
1st general 5s series B
1962
Potomac
107%
108
122
105%
mortgage 5s series A
Co
108%
1073/4
•
General mortgage •'is
Pittston
1073/4
108
1243/4
-
,
series
108%
108
122%
104
mtge. 6s inc..:.—.
—1964
Philip Morris Ltd debenture 3s_..1963
3s debentures
—1963
Philippine Ry 1st 30-yr s f 4s
1937
Certificates of deposit
Phillips Petroleum 2%s.——
._1964
Pittsburgh Cinn Chic & St Louis—* ,
Cons gtd gold 4s series D
1945
" Cons gtd gold 3%s
series ;E—Uil949
Cons gtd gold 4s series F——1953 !
Cons gtd gold 4s series G...
1957
Cons gtd gold 4s series/ H____..I960
Cons gtd gold 4%s series I.
1963
Cons gtd gold 4%s series J
1964
1970
series B
1975
General Mtge 3%s series "E"—1975
Pgh Coke & Chem 3y2S—
1964
Pittsburgh Consol Coal 3y2s debs__ 1965
Pittsburgh Steel 4y2a
—
1950
106%
103
125%
99%
..1949
6s
104
101%
108
•
gold 4y2s series C
1041/4
102
124%
104%
General
4V2s
106
118%
.106%
—1961
mtge 2%s—1971
1st & ref mortgage 2%s
1967
1st & refunding 2%s„
_1974
Phila & Reading Coal & Iron—
Refunding 5s stamped—
.1973
General
106
126%
79to
Philadelphia Co 45/4s
Phila Electric 1st ref
\
112 V,
106
104%
—
....1974
—1977
General 5s series B——
•
132
111
126
Phila Bait & Wash-
Convertible
122
112%
127
108 to
....
General
130
108% *
108% 108%
108 3/8
108%
108 i/a
118%
Peoples Gas Light & Coke 5s
.1947
Peoria & Eastern 4s extended—1960
————
108%
107%
103%
E—-
SVas series F-',
107%
103
1981
—1984
Convertible debenture 3y4s——1952
General 4 %s series
income 4s
105
101%
118 to
.1970
gold 4% S—L.
General 4 % s series D_—
Gen mtge
105
-
104
-
Debenture
—
1960
debs_»
Co.—
Pennsylvania Glass Sand 3y2s
Pa Ohio
107%
107%
117
series C—1966
4y2s
1955
1960
& Passaic Gas & Elec 5s_1949
106%
108%
107
109
106%
105% 108
105%
107
108%
109
108%
106i/2
106%
104%
to
106
-I.*,''v"*
■
108 to
B—iy66
107 to
105%
105%- 105%
106to
105 to 107%
105% 108
105%
■
104%
,
'
105%
Refunding mtge 3V4S
3'/2s conv inc
26 to
23
104% 105%
100
103to
Paducah & Illinois 1st s f
,
27%
105%
103 to
104%
Panhandle Eastern P L 3s
Pennsylvania
24 to
104 to
lOOto
.1031/a
103"%
104%,
105
J
Pacific Tel & Tel 3V4S series
Paterson
23 to
104%
100:
High
103%
1970
series Kj—1971 \
& reftmding 3s series L_——1974
<fc ref mtge 3S series M..
1979
& ref mtge 3s series N
.—1977-
1st
27W.v30%!
28
October
Low High
September
Low
105
gtd cons 5s stamped.
-1946
Oregon-Wash RR & Nav 3s ser A-1960
Pacific Coast Co 1st 5s—
__1946
Pacific Gas & Electric 4s ser G—1964 ;
1st & refunding 3%s series I.—1966
3s
,
v,
1st
series
High
101%
101%
Transmission 1st 5s——.1945
34 >A
106i/4
&
August
Low High
July
Low
High
■-
108
105 to
•■•
■
Oregon RR & Nav cons gold 4sL—1946 /
Oregon Short Line RR 1st cons 5s_1946
3s
107%
106 to
June
Low
ioo%
104 to
106
I04to
1975 v
———
Ontario
26%
108 i/a
105%
28
803%; 105% " 105
*
24
22%
1073/4
106
108%
108%
108
-
109 to
20 to
29
243/4
,
May
Low
High
April
Low
High
-\!
■
High
Low
High
Low
High
„
1st mortgage 2%s_————-1975
Oklahoma Gas & Electric 3%s
1966
.
March
February
January
1083A
107 Vo
107%
160
160
—
„
—
245
237
241
102 i/a
102%
102%
245
102%
__
1st & refunding mortgage 8s
2037
Quaker Oats 2%s debentures
1964
Reading Co Jersey Central coll 4S.1951
224%
224%
245
245
lOOto
lOOto
100%
101
101%
101%
101%
101%
101%
101%
101%
101%
101%
102%
102
102%
102%
104%
103 to
1051/4
104to
105to
105 to
107 to
106%
107%
106to
106%
106%
106%
106
106
106
General & refunding 4 %s ser A.1997
General & refunding 4y2s ser B.1997
106 to
107to
106
1071/a
105 to
106%
105 to
105%
105 to
105 to
107%
1071/4 107%
1071/2
107%
106%
106%
105%
107 i/s
106
107
107
107%
106 to
107
1073A
1073/a
1073/4
107%
107%
107
107i/a 1073/4
103
103'/a
103
107%
1073/4
1033A 1033/4
103%
1033/4
103%
104
103%
104
107%
106
109 Vb
1073/a
108%
74
77%
77%
-■■■
s:
Remington Rand 3a/2s
1955
230'/a 230%
1061/2
107 to
106
107
105%
106%
105%
107%
107%
107 Y*
106%
107%
106%
107 to
A
106 to
Rensselaer &
Saratoga—
(4.7 for 1945).
Revere Copper & Brass 3J/4s
...1975
....
Rio
Grande Western
I960
1st gold
1st cons & coll trust 4s
Rochester Gas & Elec—
y
4s„1939
A—1949
ser
1041/4 107%
105
98%
71
106%
107%
105%
103%
1051/4
1033/4
101%
98 y8
101
101%
106
71%
77
797/a
72
76%
107
107 to
1033/4
72
108
107%
107%
107to
106 to
1031/4
1033/4
103%
103%'
103%
103 to
107%
103%
108
102
110
1071/4
110
xlOO
1091/8
783/4
X69to
793/a
General
mortgage 3%s series H—1967
Gen mtge 2V2s series I
1967
General mortgage 3y4s series J..1969
1081/4 1081/4
108 to
Rock Island Ark & La 1st 4V2s
1934
51
58%
5iy4
1949
18%
21 to
16 v
Rutland RR
4%s stamped—..
Saguenay Power 4JAs
series
1941
A
1966
20
22%
104y2 105%
17to
104 to
108%
109
54
109
523A
573A
16%
21
26
20
19%
105%
105%
24
106%
109
55
17%
2d
gold 6s—
.1996
St Louis Iron Mtn & Southern—
109to
67
69%
193A
193/4
80.
83
85
85
87
80
87
79%
79%
23%
22%
22%
27%
25%
105%
1063/4
1061/2
84
90
90
1093/4
67 to
27
23
106%
89%
109 to
753/a
67
193/4
1033/4
81
70%
22
'
94%
94 to
94to
108%
108%
109
108%
67<
72%
59
72%
59
64%
62%
67%
203A
21%
201/2
24
18%
24
18
20%
24%
22% *24%
22%
251/4
23
103%
105%
106%
103%
93%
96%
93
95
91
-
mmCm
93
;■ 94%
91
106 3A
—<
■
'
106
102%
"
•
St
Louis Public Service 5s
1959
St L Rocky Mtn & P 1st 5s
stpd
1955
1950
St Louis-San Fran Ry 4s ser A
Prior lien 5s series B—
Certificates
..1950
of deposit.....—.^.
mortgage
4tos
1978
series A
Certificates of deposit stamped
St Louis Southwestern RR 1st 4s__1989
2nd
1st
gold
4s
terminal
inc
&
bond ctfs—Nov 1989
St Paul & Duluth
St Paul & Kan
St Paul Union
1st
con
page
103
1013A
102%
101% 102%
100% 103
95
95
95%
953/a
96
98
48%
55%
49 to
54%
50%
563A
533/«
55
49
54
50%
56
53
51
593/4
52 to
57%
53%
51
56 3A
51%
56%
53
37%
44%
38%
41%
38%
37%
43%
37%
41%
38%
108
87%
109
109% 110
90
91%
72
773A
72%
81
75%
-791/4
639
991/4
103
102 to
100
104%
101
98 3/4
103 to
103
101
983/4
96
77
59
663/4
49to
60to
53
58%
65 to
49
60
543/a
59
70
69
51%
573/o
64
543/4
68%
62%
49to
363/4
45
49
36%
44%
573/4
63%
60%
65%
61 to
71 to.
62%
57%
62
59%
64%
60 3/4
70
62 to
46%
44.1/2
48%
45%
.51%
,43to
42%
41
45
431/4
48
443/4
50%
43%
115'/a
116%
f
116%
114%
114%
116
40%
46 34
104%
41
—
42 to
41
104%
115
92
90
88
78
94%
96%
96
97to
97 to.
91%
77%
-
75%
88
85%
92%
91%
95 to
83 to
86%
81%
953/a
94
773/4
94 to
100 %
81 to
x90to
114 to
1163/a
93
593/4
-
.
44%
104%
42%
105
54
105%
53
56%
53 to
105i/4
62
105%
1$
55
603/4
73%
50%
105%
-
•61%
56%
94
951/a
95%
:
—
IOO3/4
100 y8
100%
95 to
95%
41%
■"41.
-
into
90
45%
••■45"
into
—
99
99%
'
60
65%
61%
637/a
59
59%
65%
60 3A
683/4
64 k:-
70%
65%
68
4434
483A
44%
48%
liito
115
91
901/2
91%
69%
65
41 Va
503A
x44
50%
x43 %
'•>
64%
633/4
;
681/2
68
X64%
47
50%
493/8
115
114
114%
88%
93
93
95%
X113
76
81
78
80%
79
81%
79%
86
80 to
90
86
93
893A
93% r 71 to
100
-83 to
57%
1053/4
533/4
58
58%
48 3/a
51%
1053/4
106%
85
x47 to
■
4mm*
99%
64%
59
63
63
—;•
95%
'
/
114 to
.96
—.1968
104%
1163/4
95%
74
v
98%
95
96
99
68
663/i
99
41
1153/4
to
98 to
57%
563/4
433A
115
92
,
603A
.
95
1001/2
97%
97%
;
623/4
98
105%
i
100%
62 to
99
104%
■
993/4
56%
97
603/4
24
21%
■
97
94
.
100
98
100%
100
56 to
99
*60
59
110
77%
72
4s
,
99%
100%
—1952
City Sh L 1st 4y2S_1941
Depot 3tos "B"
1971
For footnotes see
92%
1021/8
ser A—1990
unifying 5s.
§ General & refunding 5s
100
1003/s 103
IOI1/4 102
+—<• ■■■■
48
Certificates of deposit
Cons
HOO £ H O O
—i
-
95
1
96
92
91%
106
106%
102%
93
'* *
24%
106%
■
Stamped 4s —
—.....1933
/ Certificates of deposit......
--
108 »/2
108%
72
105
105
90
80
—
—
—
22
21%
23to, 28%.
106%
30
1063/4
77
105%
65
,River & Gulf Div 1st gold 4s—.1933
:
„
18
27
1033/4
86%
1031/4
1023/4
—
—
—
1093A
108 3A
1093/4
73
71
110
109%
110
105%
St Jos & Grand Island 1st gold 4S.1947
6t Lawrence & Adir; 1st gold 58.^.1996
1*09-
106
71
66
108to
Rutland-Canadian 4s stamped
107
100V2
68
62
76
70
78 to
68%
110
108to
__
—
—
—
105%
107%
101% 102%
' 106%
50s/a
y'v!
:
"
;
56%
Volume 163
Number 446CL
;
(THE COMMERCIAL & FINANCIAL CHRONICLE
639
NEW YORK BOND RECORD
*
January
BONDS
Schenley Distillers
Scioto
Low
4s
..>1952
—
February
Low
High
104'A
106
March
High
103'A
Low
105
105
Stamped
May
Low
High
April :
High
87 3A;
96
June
-
Low
105%
104%
105%
131%
131%
133
Certificates of deposit
Refunding 4s
October
September
August
110
Low
Low
Low
102'A
High
High
91
96%
96%
io/
108
111
111%
89'/8
89%
95'A
95'A
97'A
101
107
108
109%
96%
88'A
96%
96%
104'A
100
107
107'A
110%
111
120
100'A 107
107
110%
103%
98
114'A
108%
108%
.102
107'A
108%
107%
107%
104
105
108 y4
115
109
109
102
107
108%
110
.
88 '/a
96'A
96%
104'A
111
119'A
115%
99%
44
40%
44'A
43%
47%
45
47
47'A
50
50
52%
50
53%
46'A
50%
39'A
43%
40%
43%
43%.
46'A
44%47
45
49%
49%
Ctfs of deposit (Chemical Bank).,
& consolidated 6s series A..1945
Ctfs of dep (Guaranty Trust)
:
39%
44
40'A
44'A
43%
45%
45'A
46%
50%
47%
53'A
60 3A
55%
60
59
64%
61
62
68%
64
68%
65%
52 3A
60
54%
59%
58%
63%
60%
Ctfs of deposit (Chemical Bk)
Atlanta & Birmingham 1st 4s
1933
Certificates of deposit.
53'A
60%
55'A
59%
59%
63%
61
78'A
84
81
84
87'A
87%
87
90
83'A
83'A
81
83
86
86
86
88
1st mtge 4s series A wi__
ii;
47'/*
47%
50
53
50
51%
46 %
47
50
50%
54%
53
53
65'A
64%
67%
67
74%
67%
64%
64:
65%
64
66%
67'A
67
90%
92'A
101
90
90
.
67
74
/;
72%'
48
%
Union
Oil2%s__
1954
..
•
.
2%s sinking fund debentures_„_1961
Silesian American 7s
.1941
g| Simmons Co debenture 4s_*
IJ Sioux City & Pacific—See Chic
1952
50%
.52
51%
53%
55
57
52%
51%
54%
53
57%
69
67%
72
70%
73%
68%
69%
72
73
68
63%
69
66'A
70%
65
68
67%
70%
92%
92%
92
36'A
34
36%
31
31%
34
100'A
100%.,
37%
38'A
36
40
49
47
41
24
101% 102'A
101'A
66
102% 102%
70
102%
102%
102%
102%
102%
102%
102%
102%
102%
102%
102%
102%
102%
103%
lO^'/a
76%
76%
-71
72%
70
71
75
102%
103
103
103
103%
106
107%
106%
1963
126
126
1962
106'A
107%
107
107%
107%
108
107%
108'A
1979
108
108%
108%
108%
109
110'A
108 3/4
109%
Tel &
gtd 5s
Tel 3'As
debentures
Pacific
102%
103%
102%
103%
102%
103
103%
103%
103%
103%
103%,
102 3A
103'A
107%
106 3/4
107%
106 %
107%
105%
107'A
130-
4'As
1st mtge
106%
108 %
109%
130
130
——
99
85%
94%
1969
;
—
1981
85
94%- 100%
89%
94%
88%
94%
88%
94
94'A
98
102
102%
.1.
—
83%
20
24%
72
105% 105%
102:
—
77
102%
103% 103%
75
.
72
74%,
105%
102
106% 107%
102
102'A
106%
102%
102%v 103
102% 102%
72%
72%
74
.
103%
103%
103'A
102%
103,V
108
108 »/2
107%
108
101
103
913/4
91%
102
95'A
93%
973A
96
99%
983/4
101%
99
101%
106
106%
106
102%
107
108%
107%
108%
107%
108%
108%
111
101%
101%
102
101%
102%
102
96
93%
97%
103%
104%
103%
104%
104%
100 »A
105%
99
101
100%
103%
102%
104%
103%
105
102%
103%
103'A
106%
105
106'A
99%
102%
98%
98%
100%
100%
100
104'A
100'A
100 :A
102'A
102
107
105
106%
105
106
106
106'A
105
105%.
105%
106%
106
106%
106% 106%
104%
106'A
105%
106
105%
106%
106'A
106%
106
106%
105%
106%
104%
105%
105
105%
105
10583
100'A
93%
95
97%
993/4
98%
101
98
101%
100
92
102
99
93%
95%
98
101%
100% 101%
100%
101%
104%
105'A
104% 105
104%
106%
1996
103%
104%
103%
104%
104
106%
1994
99%
123
126%
125
129'A 130%
97
99'A
130%
131%
128%
131%
130%
132%
128%
99%
102'A
102
105'A
104
105%
98%
114
116'A
115'A
117
115
116%
118%
131
129
119
118
119'A
117
119
117
.
116'A
116%
119
119
121
121*-
122
96
99
101'A
98%
<
114'A
120
121
120'A
122
119%
122'A
.
122
125
106%
107
106%
107%
106% .107%
106
107
109'/a
109
109%
108%
109%
109
109%
108
107%
107%
107
107%
107'A
107%
107
109%
107%
110% 110%
— —
108%
108
109
107%
105
107
132%
132
134%
134
136%
102
105%.
104
106
105%
106%
104
105%
114
115%
113%
115
115%
118%
116%
118%
117%
118%
121%
114%
120
116
119
118%
121
120'A
123
i'6 122%
123%
125
124%
124%
124%
124%
124%
125
125%
126
125%
125%
109%
108'A
109
1077/a
108
107%
107 %
107%
107%
107% 107%
107'A
107
125%
109
107% 108%
-
129
108
106%
107%
106'A
107'A
106%
106%
105'A
108
126
124%
106%
:/
131%
104%
107
104%
105%
104'A
104%
104% 104%
102
130%
117%
102%
1985
1972
2013
58
..
60%
59
64%
X59
__
57
59%
..
63%
62%
66%
65
59
60'A
61%
65
104%
104%
105%
105'/a
105%
104%
105'A
103%
1043/a
104
1047A
104
1043/4
104% 104%
104%
104%
105
104%
106
106%
105% 106%
104%
106'/a
103%
104
105
103'A
105
103
104%
104'A 104%
103'A 104%
103
104
103% 105%
106%
106% 107
106
106%
106% 106%
103'A
104
104
105'/a
103%
105%
103'A
104%
103
105%
103%
103%
104%
103.%
105
101A
106
106%
107
107
107%
105%
1063A
106
106%
1053A
106'A
106
107
106%
106%
106
106%
105%. 106%
105%
106'/8
105'A
1053/4
105
105'A
105%
105%
104 %
104%
106
104%
104%
104%
105
104%
105'A
196I
106%
104 % 104'A
Term Assn of St Louis
g ref s f g 4s_1953
33As series B
1974
——"
106%
105% 105%
104%
111
112
1043/4
105
105%
105
1053/a
104% 106
101%
106
1965
C
101%
101'A
101%
101
101%
102
102%
110%
110%
112
111
111%
111%
111%
111%*
106'A
106%
106%
107%
107'A
107'A
107 5A
107%
108
108
107'A
107%
127
127
126
127
128
127%
128%
128 3/a
129
128%
129
127
127
107%
108%
107%
108
107%
108
106 3A
107%
106
107'A
107'/a 108 »/2
105'A 106 3A
104 »/4
105%
104
105
104%
1053/4
105% 106
110%
111 %
111 3/a
111%
111%
110%
111
107%
125
130
107%
108
107'A
108%
107%
103'A
105'A
103% 104%
106
107
106
107%
107 %
105
107
106%
1955
107%
106'/a
107%
106%
108
106%
107'A
106 Ya
107%
106%
107
106%
106%
1053/4
106%
106
107
135
135
138%
108'A
138% 140
106%
130
1393/4
140 V.-.
139
140
140
146 y4
146'/a
150
139%
141
135%
139%
100%
103
102 %
105%
104'A
105%
105
105%'
105'/a
1053/4
105'A
1053/4
105 ya
105%
100
103
101
103'A
105%
105'
105 %
103'A
105%
105
105'A"
103
103
General & refunding 5s ser C..1979
General & refunding 5s ser D..1980
Gen & ref mtge 37As series E—1985
3%s
99%
102%
105%
101% 105
Third Avenue 1st refunding 4s
Adjust income 5s
I960
Toledo
196O
104
1946
102%
1953
105 %
i960
1st 4s
Corp 5s
debentures
89%
52%
v..
105'/a
106
103%
,
•
135% 137
129% 131%
108%
90 %
93
90'A
94%
89 3/4
92 >/4
86%
92
59%
55 3A
60%
51
58'A
51%
58
52%
58'A
104'/a
105
104%
104%
103
102%
102%
102%
102%
106
103 3°2
103 %
103 40
103 Jil
—
—
—
104 %
102%
—
—
—
91%;
52'A
103%
85%
59%
52%
101%
105%
102
—
85%
103
105
101%
104'A 105
2%s debentures
112%
113%
A t r-
/
'itum,-,-
90%
56%
•
*
l>i—f.'f.yj
-
%
102%
88%
49'A
103%
103'A
90%
86
46
55'A
103%
90
103%
103%
90%
84%
101%
86
100% 104%
103% 104
90
47
51
102%
103
103
101
105'A
105'A
110%
110%
110%
110
110
101%
106%
112%
102%
102%
101%
101%
101'A
105%
110%
111'A
110%
45'A x50'A
101%
106'A
RR
cons
25%
24
253/4
105%
106 '/a
1063/a
105
105%
1033/4
104%
103%
104 3A
103'A
103%
103?o
103%
104'A
104'A
105
104%
1043/4
103
104'A
103
103%
103
104'A.
103%
103%
106
106%
106
23
27
27
28
consolidated
series
103
33'/4
30'A
103%
103'A
103%
35
103%
33%
34%
103'A
34
34
104
101%
102
101%
103%
106%
106
106'/a
105'A
106 %
105%
106
105%
105%
105
1053A
1045/8
105'A
104 %
105
104 3A
105
106
107
104
105 %
104
105'A
104
106
1043/4
1053/4
1043/4
105%
104
105
104i.
105
104%
105%
105%
106
105%
107
105%
106%
104
105
104
104 7/a
104%
105'A
104%
105%
103%
1043A
103%
105
104'A
105
1043/4 106
107
108'
108%
109'A
107'/a
1081/4
1073/4
108%
107%
109'A
107
109
106%
107
107
108
103% 105
106 »/4 107%
102% 103
104%
104% 105'A
104% 1063A
106 y*
107
105%
106
106
1073/4
107%
107%
1053/4
1053/4
105%
106
106
106
106%
106%
106
106
103
104
101%
103
102 %
102%
102'A
103'A
102%
103%
115%
115%
U5 %
115%
115%
115%
106
...
—
107%
107%
107
107%
104%
105%
104%
105
105
106
1053/a
1053/4
104%
105%
105'/a
105%
104%
100
99%
101 %
101%
102
101%
102'A
101
101%
115
115
115
115
98%
1955
109 %
109'A
1957
112%
112%
B.1968
ser
D
—1974
5s
101%. 103
102%
104
'
II
II
■
106
106% .106%
1063/4
105'/4
106 %
105'A
105'A
104%
106'A
106%
106'A
107'/8
108
1063/a
107'A
103%
103%
103%
103%
—
—
—
__
104
104
104'A
118
121%
123
103%
104
100%
1033/4
104
104%
104%
1073/4
106
108%
106
108'/a
107
1966
106%
108%
108
109
106%
108%
106%
106%
104
122
101 'A
100%
109
108
109
102
105'A
106
105
1053/4
99%
103%
122
108
101%
103%
1003/4 1013/a
1033/4 104
104
102%
101%
101% 102% 101%
199
100%
104
118
1958
B
104
106
1959
Virginian Ry. 3%s series A
3s
30
107
1st & ref mtge 2%s series E
1975
Virginia Iron Coal & Coke 1st g 5s_1949
Virginia & Southwest 1st gtd 5s___2003
1st
30
30
106
1958
4s
ser
—
llb'A Hl'A
197I
B
mtge 3s
32
29%
30
-.1990
Virginia Elec & Power 3'As
1st & ref
1103/4.
103 A
22
1955
g
103
103
20%
ser A___1980
J'As
series
53
46%
103
1970
United Drug Co (Del) 3'As
Universal Pictures 3%s
Consol 4s
110%
104%
—
Vandalia
110
1970
mtge 3s series B__
Biscuit
113
1945
grant 4s_1947
34-year 3'As debentures
35-year 3'As debentures
United
90
105% 105%
110%
86%
101
105%
103
106
101%
101%
106
—
1967
Refunding & mtgC 3'As
tts .v X:J'
100%
104
103'A
102%
51%
102%
104
1959
;
141 %•
'■
—A
1
105%
--
113%
112%
113%
107#
,
•*—
1975
1st 5s.
112
105
104
106%' 106
139
137% 139%
105% 106%
103%
>
'
105%rl06%*
103%
103%
91%
1971
1st mtge & coll trust 23As
103%
104'A
I960
Union Electric of Missouri 3%s
105ya. 1053/4
105'A 105'A
"105'A 105%
'
99%
1974
Central 33As
,
r
104%
102% 103%
107 3/a
1251);:
105%
Texas & Pacific 1st gold 5s
2000
General & refunding 5s ser B..1977
^
104'A 104%
104
—
102% 103
107'A
1959
3s
3s debentures
64
105%
'I-**' --.0' ;
106%
107'A
106%
305% 106'A
105
/',l'
106
125
!
127%
109%
Texarkana & Ft Smith 1st 5'As A.1950
.
110%
110%
111%
2019
Corp
105
10112
105%
105%
Transmission—
Union Pac RR 1st & land
62%
663/4
104%
106%
,
1956
pipe line 3s
Union Elev Ry (Chicago)
Union Oil (Cal) 3s debs
3s debentures
103
105%
65
1959
Superior Oil 3'As debentures
Swift & Co 2%s
Toronto Ham & Buffalo
61
103% 103%
.1953
|i Sunray Oil 33As._
Ter
61%
60
59
1961
(New Jersey) 3s
15-year 23As debentures
Pac
102
..
58
— -.
1966
2%s
Standard Oil
Rcf & imp 4s series
99%
95%
106%
95'A
.
Tri-Continental
92'A
1061/0
91'A
112
Ohio
101
* 103
106'/a
115
Tennessee Gas &
104
107
111
(Calif)
96%
106
93%
115
Oil
104%
106%
84
113%
Pac-Md
101% 102%
106'A
198G
3%s series B
1st mtge
101%
105%
105%
115
&
106%
105'A
113%
Ref
;
75
101%
105%
103%
97
Standard
101 %
105%
104'A
95%
3'As
102%
—.
71%
101%
—
1Q2
.1956
Tex
105%
106%
~
1053/4
102%
23As debentures
Southwestern Pub Serv 4s
Spokane International 4'As
H
78'A
25%
103'A
99%
St Louis Div 1st gold 4s.
1951
Southwestern Bell Tel 3'As ser B..1964
1st & refunding 3s series C
1968
|l
f'
101%
100%
Development & general 6s "A"_1956
Devel & general 6'As series A
1956
Memphis Div 1st gold 5s
1996
(4
79%
22
V.'.v'v
92%
1st mtge 3%s series C
Southern Ry 1st consolidated 5s
Devel & general 4s series A
h
76%
130
103%
80
75
104%
101%
A..1977
Francisco Terminal 1st 4s__1950
Southern Pac RR 1st ref gtd 4s__1955
1st mtge 27/aS series A
1961
Texas
76%
101%
1968
ser
San
n
$•
100
27% 1
Co—
4'As (Oregon Lines)
Gold 4'As
Gold 4'As
H
75%
105
-1985
1st
f'
99%
'
.1950
3s debentures
Gold
99 »A
105
22%
——1965
Southern Bell
South
76%
101
Western
2^s cebs
2%s
75
71%
72
105
100
101
99% 100
'
&
Skelly Oil debenture 3s
I
.
101
25%
23
102%
102% 102 »A
102'A 103
102% 102%
102%
*
22%
102%
42
26
104%
u3t;
South & North Alabama
;
50
34K,
104'A
«
,
92 %
91
.
76
29'A
Socony-Vacuum Oil 3s debentures.1964
U
r
68%
100
..
51
99%
103%
North
H
53%
50 %
92'A
100'A
Seagrams (Joseph E) & Sons 3%s_1965
Shell
120%
50%
...1994
Seaboard All Florida 6s ser A ctfs. 1935
Series B certificates of deposit..l935
v
117
60
Gen mtge 4'As series A wL.».-.2019
,
116%
115%
62% 453%
115
112
49%
63
100'A
132
'mi
'SB 107'A 112%
*50%.
71%^.: 61%
67%
101
94%
107
101%
109
72
67
74%
.
High
132
107'A
39 (A
(N Y Trust)
132
Low
110
107%
.
86'A
dep
December
High
107
114%
1959
Ctfs of
Low
105
96 %
lst
November
High
132
105
104
86
_
July
Low High
High
133
lUo%
Low
.
102% 103%
130% 130%
Y & N E 1st gtd 4s
1989
Seaboard Air Line Ry 1st gold 4s_1950
Certificates of deposit
'
High
199
122%
122%
120
122%
101'/a
103%
103%
—
102%
104
104
109
110
110%
110
111
1043/8 105'A
103%
1043/4
I63%
1053/8
105% 106%
106
106 3/4
95
973A
91%
101'A
1003A 102%
95
96
95
96
883/a
89
89%
89
99%
98%
106% 108
1995
—
—
—
—
95%
96
99%
89%
88
89%
—
—
—
108
—
105
Wabash RR—
4s
series
A
4s
series
A
4'As
series
1971
1st
mtge 3'As series B
Walworth Co 1st 4s__.
Ward
•
Baking Co 5'As deb
Warren
Petroleum
Warren RR
4
:
|
90
86
...1955
Maryland 1st gold 4s____
& refunding 5'As series A
1952
1977
100%
100
100%
101
70
62%
—
64
60
~
—
102
101'A 101%
117%
117
106'/a
106% 107
109%
109 3/4
109 '
109%
109%
110%
109%
110'/a
105
106%
105%
106%
1053/4
1063A
105'A
106%
106%
1073/4
107%
101
92%
98% 101
81%
103%
107% 109
102
102
116%
116%
102
115%
106'/a
106'A
106%
106'A
"
101%
102
106%
106%
106'/a
'
107 ya
108'/a
107'A
108'A
107'A
107%
105%
107'A
105%
104%
106%
105'A
107%
1053/a
104%
107
105'A
108'A
109
1083/4
109%
1093/4
107 3A
108%
107%
108
108
107'A
102%
105'A
104
111
106'A
114
102
109
107 %
107
1073A
107%
108%
107%
109
107%
109
106%
106%
106'/a
107'/a
106%
108
105%
107'A
105%
106'A
105%
106%
107%
107'/a
108
106
107'A
107%
106%
107
107
108%
106%
107%
106
107%
106%
108%
102%
102 3A
103
102%
103
102%
103%
103
103%
102 ya
103
102'A
103
102'A
103'
82%
783A
83
80%
89%
86%
90
77'A
87%
87
74
84
79
75
«
v
•
76'/a
80
109%
110
110%
110%
110%
103'A
1023/4
104
'
102%
1033/a
104'A
105
104%
105'A
104%
1043A
117%
85%
81
83
1103/4
102%
86%
117%
110
88
84»/a
110
86%
83
85 Va
110
110%
83
110'A 110'A
109%
94
102%
105% 108
98%
98
102%
943/4
105%
93%
102
102%
107
65
62
109
65
66
'
102%
116% 116%
115%
115%
105%
106
106'A
107
1073/4,
106
106
107'A
107
99
103 3/a
102
102
116
116
106%
1063A 107%
105 3/a 107'A
108 y2
;
63
603A
102
115%
106'A
106% 107%
107
107%
106
92'A
103% 103%
108'/a
106%
65%
101
106
1023/4
103%
65%
-70'/a
1073/a
94-/-.' 100'/a
75 3/8
103%
70
107%
79%
74%
v
102
103%
73%
117'A
1
102
102% 102%
72%
73 V2
103'A
70
101
95%
101%
102% 1023A
101%
85 3.
80
77
106%
107'A
107%'108%
102% 102'A
106%
83%
83%/ 89
793/4
79%
110
85
109'A
1093/a
1073A
105% 1073/4
106%
107% i083A
108%
115
108'A
108%
106%
110'A
108%
109
107'A
106%
115
107%
107%
108'A
107%
1023A
102%
.
108%
102% 102%
89
87%
94
82%
84%
83%
89'/a
109%
109%
87
qq
no
1992
Wheeling Steel 8'As "B'*__>
1966
.1st mtge 3'As series C__
105% 106%
4s
i960
1st gen gold 4s_1949
117%.117%
Power
3'As
1968
Service
3'As
79
86%
80%
deposit
Superior & Duluth Div 1st 43_.__.1936
Certificates of deposit
85%
x83%
85
...
sale.
i960
105%
1063/a
105 %
106%
106%
107
105'A
107
105
1043/4
105
105'A
103%
103%
104%
105
104%
1043A
105%
104%
103%
105'A
105'A
117'A
117'A
117'A
117'A
115-
117%
84%
95
82
76%
87'A
92%
35%
86%
86%
80%
28'A
32%
32'A
26%
25'A
29
29'A
39%
106
1063/a
105%
106
105%
106%
104
104%
88
79%
88
80%
86%
84%
85
79%
79%
80%
85
85%
85%
19
23%
21%
253A
24'A
31%
20
24%
24 3/a
233/4
30
1971
105%
106%
106
1043/4
105%
105%
105%
104
117%
86%
,
35
273/4
29%
.
-
33
32
.
35%
1083/4
106'A 108%
109%
109%
110'A
105'A
106
105'A
106'A
104%
106'/a
104%
105%
104 a3a
104 &
104 3la
104 &
...
tOdd lot sale.
rCash sale.
38'A
32
'
32'/a
35%
107%
107%
107
108
107
107
109
108
109
108%
Youngstown Sheet & Tube—
1st mortgage 3'As "D"_
Called bonds (May 1, 1945)
102U
117%
20
106
102
105%
1970
,
I-.,: Wilson & Co 3S......_..^..._.i..l958 ■'
delivery
102
101%
108%
1023/g
Deferred
101
100'A
102%
98%
78%
a
95
101%
107%
107%
101%
Public
!
106/%
107'/a
107'A
Wisconsin
91%
--
106%
1063A
.
—
105'/a
117%
105%
1013/4
;
—
105'A
102
105%
Electric
95
100%
103%
107%
106
Wisconsin
70%
1173/4
105%
Gen & ref 2%s series A
70
102
105'A
Shore 1st 4s guaranteed....2361
Registered
2361
Wheeling & L Erie 1st cons g 4s__1949
"I
71
107'A
105
1951
—
I"
64%
64
102
107
Certificates of
92%
1003/4
100% 101%
102
117%
1073/4
Central
101'/a
106%
107
Wisconsin
1023/4
1173/4
98%
1st
993A
87
100% 101%
117%
117%
107%
B
94
89'A
101'A
106%
117%
92%
Winston-Salem S
99%
87%
"I
60
106%
West
I-
93
100'/a
100
100
4'As A_2014
5s
30-year 5s
;__1960
Westinghouse Elec & Mfg 2'As____1951
|-
*
West Union Tele fund & R E 4'As_1950
Gold
99'/a 100
89'A
87
99% 105 5A
■
—1955
ref gtd
West Pacific RR gen mtge
1013A
(sub)..1970
West Penn Power 3'As series I_.__.1966
1st
}
94
89%
1971
3%s_
1st &
90
84'A
3'As
2000
Washington Cent Ry 1st gold 4s__1948
Washington Terminal—
1st mtge 2%s scries A
—1970
Westchester Ltg 5s stamped gtd
1950
General mortgage 3'As
1967
West
101%
1981
1991
B_
109
109
873A
109
104%
*105'A
104% 105%
84
78
83%
81'A
80%
30'A
29'A
42
40%
39'/a
106
86
-
493/4
423A
106%
104% 105'A
82'A
91
ii%
89%
40
471/4
3?%
40
v-
39
39%
39%
39
106 y8
106'A
107
107'A
108'A
108%
108%
108%
;
:
Thursday, January 31, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
COURSE OF PRICES OF GOVERNMENT SECURITIES FOR THE YEAR 1945
sales made
(Compiled from
the
at
New
York
Stock
Exchange.
~
•
represent
••
one
32ds of
more
or
point)
a
Jtnaar*
<
103.23
Opening.!!....
•
■
r
v;-/!
close-*.
■k
103.27
__
'
■
100.17
100.15
100.22
101.4
101.3
100.18
100.17
100.15!
100.10
100.22
101.4
101.1
101.1
113.11
112.10
:
.
113.2
112.21
100.10
100.18
107.8
113.11
112.23
112.21
112.10
w
103.25
107.4
107.4
112.23
112.10
112.10
r
,;v»-.:vt
!
103.27
High—
—-7
107.8
113.2
:•?
101.3
■;
;i\ February—
"!> Opening!.!...;
-
■
;^V.f ItOWv
113
•1'! CloseiS^w^.u,
101.17
*
,•!
109.2-i
Opening
Lowiw.!!!!*!!
April—
<V-
Ok
'
' ,*
«,
109.8
May—
Openings
—
.
101.19
'•.p.y
113,7
113.17
101.11
106.11
110.15
113.7
113.17
106.6
101.11
106.6
110.15
113.7
11Q.15
•
113.7
.
107.14-
113.17
•,
<•"' '.•' T**
'~l
113.17
,
; -
107.14;
'
101.15
loi.ii;
101.1
101.15
101.11
't'fx
113.21
301.1
114
101.1
'
111.27
113.21
101.12
113.25
101.1
-!
,102.26
162.26
108.21
ioi
Openings—*,
High
.
101.3
101.14
101.20
•106.13
—
101.3
401.5!
101.8
•
101.14%
101.11-
101.14
101.*
100.30
100.29
-
•
•
101.11
i 101.4
101.16
101.7
101.4;
101.22
101.16
101.4
101.4'
107.7
•106.25
101.12
101.2
101.1
r;100.29
107.7
•106.25
101.22
101.11
101.1
:101.3|
105.16.
109.23
114.19
107.7
100.24
105.16
109.25
114.19
107.7
100.24
105.16
109.25
114.19
114.19
100.24 :
105.16
-
109.25
loi.lf
•106.25
*106.25
100.24
-
-
:v-...'
*
.
—r
•
•
'■
103.14
103.12
100.19
105.14
113.27
107.1
102.12
100.19
105.14
113.27
107.1
107.25
102:12
100.18
105.14
113.27
107.1
108,14
! 102.12
100.18
105.14
113.27
107.1
107.25
106.25
107.23
-
.---"•
'
.
102.8-
102.2
102.14
102
101.23
107.1
107.1
...
__
t
!
101.3]
ioi-i7:
102.2
101:29'
101.24
102.8.
107.1
107.25
102.14
107.1,,
107.25
108.14
,01osewv-Aw»-^-.
i
iy'.y/'rfi:
-
102.26
I.J&V
k;
-
•101.9;
1,-.
V
•101.17
•106.13
i
.
107.15,
113.26
!
102.26
108,21
-
107.15
r'O
;
■
,113.22
.!^?'
♦106.13
♦106.13
-
107.15
108.14
■;:
101.18
'
'• .1
107.15,!
i'f'r
101.1
111.27
;
108.27
Close!!!
*
101.12
101.11-
101.20
101.10
t.
.
S& Jttne—
,
r-/Vy
i6i.i2
101.15
107.14
101.11
102.2]
101.12
107.14
111.27
v
108.27
.
|
•108.2
110.15.
113.24
0.}l
V? ;\Higlu..*^-_
jLOW—,
•
114.2
106.11
111.27-
c
'.'
"•
109.8-
f
i
■V.
101.23-
...
yP.r0/P^:lKyj(
Low_____—
,i'.'
101.30
101.19
•108.2!
101.11
113.2,4
:T.—
u]
."'-J
t'-.j.r-t
109.9
109.9
."'Close!^........
.
101.13
101.25
114.2
,
,
Y
•
']• Opening______
fHigh!!^_„.._
•
101.13
114.3
••.-A
109.2*
.vl'
101.14
113.27
:v
—
109.24
€aos?^r.f:ur
*
'
102.4
101.19
{
>
109.24
! High..„^...._
::
?
Y'y
:"H
101.17
101.19
!_
'P ■'
■y"*.'-
March-—
,
101.19
•108.2
110.14
"
'.'•
•
♦108.2
114.2
110.14
101.17
113,15
-
101.13
114.2
110.14
101.17
J—
,
101.13
110.14
ic-
101.17
High..*-,.....,
n
^;
&&&¥$.'
•
v
101.19
- '
101.21
101.31
101.19
m*
j''julywY
■
'•■
50penmg___I__,
102.8
100.13
High—____.__.
LOWJ„__
;
,
102.8
100.13
106.25
107.23*
102.8
100.13
106.25
107.23
Glose^,.—.^.
102.8"':
100.13
106.25
107.23
"
_
imn,-0?
'
."I"' — —
102.15
102.15
102.11
;
101.30
103.4
„
101.26
101.30 >■
102.6
103.4
103.4:
103.4
."
—
__
102.11
>
102.1
102.9
102.7
.
101.26
■
101.21
101.21
'
101.11
101.11
August—
Opening..
High-*..!
102.4
Low..i
.
102.4
113.7;
•
100.10
-,!!>,
114.12
114.12
•106.3
114.12
*106.3
114.12
•106.3
Close.!
100.6
112.17
■
,
!!!
103.27
100.6
112.17
102.4
!-!
103.27
•
September-
Opening.. _!__
101119
High
;
101.19
Low-*....
,
October—
.
•101.29
•100
112.30
•100
112.30
.
_
•100
113.5
s* 101.29
101.19
113.5
♦101,29
101.19
..
? CIose.!;._w...!!
.
•101.29
105.21
High..
<y,
101.17-
101.8;
101.12
•100
112.22
i—-
112.22
;
w.
..
101.14
106.28*
•
101.26
101.18 »'
101.18
105.24-
102 "
101.16
101.12
101.7]
106.28
105.24
102
101.26
101.13
101.18
102.29
102.5
101.26
101.19'
101.17
103
-
105.24
106.28
•
*—
—
—
112.22
.
—-
,
101.18 *
101.18 *
102
105.24
106.23
"
112.22
^
i
.
*
.
r
!_!
102.10
102:4
102.4
101.28
102
—
115.1
113.30
109.9
106.6
*
•
-yi
113.23
inq.9
113.30
115.1
106.6
H3.6
108.30
113.30
115.1
106.6
108.30
113.30
115.1
t
;
113.22
—
105.6
"
106.7
!'
102.29
102.5
101.25
:
102.6
101.31
-
7
101.19 i
103
101.25
101.30
•
-
101.16
''; '
113.8
;-Lowi_!_!_.*!!_:
^^Close!!!*!,^?.
100.16
'.
,
'Opening^..
-■OC v
101.31
101.31
101.16
oY'r■ i%:
'
V
.
101.27
102.6
102.1
---
*—
105.19
102.7
102.17
101.26
'105.21
'
—
102.6
102.17
105.19
•106.3
103.27
108.27
100.10
113.7
,
102.4
__
■ •
-,
M November*—
100.30
'-
vt
101.14
1110
100.30
101.14
111
100.30
Opening
..-«Migh—^."2-
101.14
111
Low*!!.!!!.!.!.
p'.
100.30
Close*.
;:
101.14
111
—-
---
.
114.5 !
„
102.13
113.20
115.27
106.7
108.15
102.13
101.29,
10214
113.20
115.27
106.7
108.12
102.13
101.29
101^8
109.2
114.5
113.25
♦
108.12
109.2
109.2
<
113.25
4-
113.20
115.27
106.7
108.12
102.13
102.2
101.30
102.10;
102.2
115.27
113.20
109.2
-
102.1
f'■*December—
Opening_!__._.
-
•100.19
114.25
111
114.25
___
' '
•
.
*
•.•
#
—i-
101.11
Low....
100.13
101.11
,o2^4Sc-> 1954-56
,JY4L
—
.
^
«.<-4;r.
102.10
102.4
101.30
107.7
102.10
102.1
101.22
107.7
102.10
102.4
101.25
,,
*—
:
r-'i yi'1''/-;-
;
*•
102.3
101.12
iUi.!0
1UZ.1U .LIU*.*
102.3
.
2s
Dec.
March
,
p
•>
102.2
r
t.
\
100.25
101.9
100.28
100.17
100.13
101.8
101.11
101.9
—
101.9
101.26.
102.10
101.20
101.11
101.14
102.26
102.10
101.20
101.25
101.27:
101.26
102.10
101.20
101,11
101.13
"102.21
102.10
101.20;''
101.25
101.23
.102.6
102.15
102.5
102.9
102.15
102.9
102.9
102.15
101.3
102.3
101.20
102.15
102.9
102.4
102.4
101.21
101.23
___
107.26
—
102.2
102.19
107.26
•
107.19 '
—
• :
101.9
101.8
..
100.28
101.11.:
101.29
101.29
-
■
107.19
.
Dec.-.; June
100.13
..
101.29
104.24
l«aS
1950 'i
Dec.
;•! 100.17
June
..
100.25
104.24
104.24
2s & • 2s- •1%S
1948
2s
1952-54 1962-54 1953-55
June
Sept.
101.8
>
2s :>
1951-531951-55
1950-52
March
Dec.
101.29
2s*^1
! 2s
2s
.
1949-51 1950-52
1949-51 1950-52
Marchq !. 104.24. June
Dec^
101.8
-
102.19
—
'
100.27
101.6
101.6
—
,
!, 100.27
100.30
■—
101.12
High
,;'Close...!..
i
28^1-25'^, 2s:v;!; 2S :
1948-50 1949-51
1948-50
1948-50 1949-51
-
'''
...
•
Opening!.!
._
—-1-. ■
.
i i •*) i-i'S' "•>'• Jf>
f
: 1956-59 1959-62.!;,
2'is
2^s
1947
1967-72 1951-53
::i^nrrm
100.30
February-
Low.
«—
-f:'i'r H
•,
.
Dec.
'
Close.
,
—
107.7
116.16
xxv. 1U
T
'??$ *' j- : *
■ \
, :
•> »' •' v :
?"•' '... v-iH * > --- J'■ i ... /
^ '5
Tr^?tiryTre*s,1?ryTre*suryTreasury7reasuryTrea<turyTreasoryTrea8HryTreasury TreasuryTreasuryTrcasury Treasury Treasury Treasury Treasury Treasury TreasuryTreasury Treasury
__
.
.
,
•i''*;-Ai' '
71
1966-/1 1QR7 w
1967-72
C.'*' January.
Opening.
High
111
.!
;
107.7
116.16
114.10
•101.2
101.29
Y
116.16
116.16
114.10
111
•101.2
.
•
"v
111
♦101.2
•100.19
Tre
•101.2
•100.19
•100.19
High___.___^_
'■
•
v
•
___
•'
!*
—
March—
Opening...
101.17
High—
101.19
) Close*.-*.
V
101.8
102.4
—
—
101.2
*
102.4
——
t.r-
102.4
^
-,
mm,**.
'
.
.-v
v
! 101.31
\
.
102.4
102.9
101.20
102.3
r
101.21
_-
,101.21
102.12
-
„
101.21
...
April—-
*
Opening
101.6
High..!
...
102.2
——-•
102.4
*
'
—
—_
101.2
100.31
High!!....
fc0W_i.j._„i.
101.3
100.20
Close!
101
102.16
102.22
102.30
102.26
102.27
101.23
•104.17
102.30
102.14
102.16
102.16
101.23
•104.17
103
;
102.30
102.26
102.27
101.23
-
—
—
| Opening.^.
.;High......
Low_.__.._
iClOSft!.^...
101.3
101.22
101.3
101.21
—
103.9
•
—
-
103.28
'
f
.
hj§.!
102.20
103.2
102.26
103.2
102.27
."
.
OJ
p
'
102.20
•102.10
103.2
102.26
102.26
102.20
103.14
103.2
102.27
102.26
102.27
—..
.
:
—
102.27
103
♦102.10
102.27
103
•102.10
102.27
102.24"
101.19
102.26
101.19
102.27
102.28
102.26
102.31
103
102.28
103.5
102.27
102.28
102.2C
103 >
102.30
103
102.28
103.5
102.24
-
101.19
!>_
,
102.27
102.24
'••
102.26
•102.10
103.10
103.20
:
'
__
103.3
102.27
__
102.26
103
102.27
103.21
—a
—
i
101.19
103.5
102.23
103
103.3
103.5
103
102.20
103.12
PP
—
'
..;f .102.29.
103.29
—
___
103.3
;
—
103.23
103.12
103.29
June—
-
v-V
103.23
—
.
"*
102.14-
103
103.3
—
:
Opening
•*
102.30
•104.17
102.4
—
--r-
'
♦104.17
103.28
'
100.25
.:££ May—
;
103.28
103.3
—
'
V* Low
....
v
Close.i,....
-
'
July—
Opening!..
High.!....,
plose
■
101.23
102.9
103.4
103.2
102.28
103.3
103.3
103.6
101.28
102.9
103.4
! .103.2
102.28
103.3
103.3
103.6-
101.19
Lbw
-
102.9
102.21
102.21
102.28
102.22
102.19
102.27
102.21
102.21
102.28 5
102.22
102.19
102.27
101.21
102.9
''
«-
M
j;V .:
August—
)
■
Opening.!!
.,
104
High.....
,is:
—
: Low..
Close....
fj
■
'J*
104.2
104
—
100.21
,
104.2
102.26
100.21
102.26
100.15
.
!
'yp' oy.iOi'
**■—'•*
102.26
Low.!!.!!
Close-!*.*
;
,106.29
105.19
lV>J;^
.
November—
111
-
Ivo,^ !!
104.8
;
102.15
102.22
162.27
102.27
102.25!
103
102.25 :
103
102.25.
:kP}\>£
.
,*■ •>
-\V
,
y
J
i
103
103
:
It-
'
!
;
V
: 103.5
103.4
103.9
A
~
'
100 21,
luu>.!j :
103
f
y
O
-■P-OyiO;.■y.t
fr
"
"
■
jnq,io
10.3.17
103.8
102.28
•
'*
103.9
103
103.4
103.5
103.10
103.15
103.16 :
!' !!!!
103.14
„!
103.31
104
103.6
103.13
103.23
!!-
103.11:
103.14
W-.
103.7
103.11
103.23
103.12
103.22
104.4
High...!...!.
103.30
LoW!_..!^.^!i
103.16
O'-'^.yYOpih-.h
;
103.5
103.5
5
!-!
103.12
103.22
!!.
103.167:
103 JO
w—
104,4
,
P u»0/r,
7!1-
-rv
101.16
106.12
101.10
106.12
101.1,6
104
•104.4
■*
/ ^
103.30
104
o~.
103.5
-V 7;
lOl.lO
106.12'
'
104.6**
103.5
!,/-
•103.16
103.15
December-
Opening....!.
'■
106.12
104
104,4
■
—
101.8
101.10
'>
103.13
103.7
ir»4t ni*' '■
—
ftp' ?-*
•
ys '}p%.
•
High!-!*-
101.14
103.16
10J.8
„
~P-.L
;
;V'7,r
103.8
Close.!!!.!!.!
101.9
—
~
:
Opening!!!!!!
Low. __.!!!
102.27
OpO ':V
103
jnr
1U4.12
*
/.•,
•
,J tf.
100.21
JO/t 1<J
106.29
">-if
'
104.8
___
jnr; on
102.15
>»
P
1
105.19
jns
''*102.27
102.22
102.27
£
October_
>:•
:(.»>•
ltV
102.26
100.19
'
102.24
102.26
102.25
'0
*September
f Opening.!..,
102.25
102.26
!
102.27
PPO -'0'
Close..
Tp
■•'
r
103
103!
-pyp'
.!
Opening.
f.High
■
vS,
High!.i!!!.
Low
V'r
"
-
-
104.6
Mf! ,•
101.16
-
—
!—
O.T-P
7,
*
*■ j) '■
r
.'
';!• ' •'',
.101.19
!!!::-:
v!"
101.16
r.
J01.17
;<!
Volume 163^
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4460
64!
and
municipal construction, $56,356,000, is-283 % greater, than last
and Public construction $93,172,000 is 67% greater than last
year.-:The Federal cumulative figure for 1946, $36,816,000 registered
a ,10% decrease below the 1945
figure.
Wholesale Prices Unchanged in Week Ended
Jan. 19 Labor Department Reports
Civil
"Average primary market prices remained unchanged during
the week ended Jan. 19, 1946, as lower prices for agricultural com*
"At
of the
106.7%
1926
.
'
(Indexes for the last eight weeks are
A
All
(
Textile
Fuel
'
Short sales—. 'a
12-22
1-20
1945
1945
106.7
106.8
106.8
104.8??. O
—0.1
131.5
126.6
—0.5
—1.7
107.3 U107.6
119.4 119.4
101.1
101.0
85.5
85.5
108.0
105.0
—0.3
—1.2
+ 2.2
i
*
products!
products
lighting materials:
metal products^—._
105.4
Building materials
119.8
Chemicals and allied products—
96.1
Housefurnishing goods—106.6
and
95.0
Miscellaneous commodities
,
108.6
*
119.4
11.9.4
100.6
99.0
85.2
105.3
11°.2
119.1
83.9
105.3
96.1
106.4
96.1
96.1
106.1
95.0
95.0
94.0
115.8
85.0
+
0.4
0.2
+ 1.2
0.8
+ 2.7
+
0.2
+ 0.5
+
+
+
0
—0.3
Short sales—
Total purchases
Short sales—
———
118.7
119.0
119.7
96.9
96.9
96.9
96.9
102.9
102.8
102.6
102.6
101.6
+
101,7
101.5
101.4
101.3
100.0
+0.2
100.8
100.7
100.6
100,5
99.3
+0.1
+0.3
products
———
0.1
+
0.3
+ 1.3
+0.4
+ 1.7
+
i.
'
v
NYSE Odd-Lot Trading
22,510
The Securities and Exchange
Commission made public on Jan.
4.08
256,293
Total—
876.226
Total purchases
Short sales.—
All commodities other than farm
products
190,796
233,783
—
Total sales
+ 1.5
Manufactured
floor-
....
tOther sales—-—
2.2
0
0
94.8
•
2.04
115,930
Other transactions initiated off the
+ 2.5
—0.9
—
1.1
Semi-manufactured articles——
materials
6,900
109,030
—
Total sales.
S.
1.3
119.8
Raw
107,800
—
tOther sales
+ 1.9
0.1
O
+
initiated on the floor-
2.1
0
+ 0.5
94.9
106.4
•
10.30
551,340
Total sales.
1.3
+
0
0
106.4
+
+
0
116.7
118.8
0
0.1
104.2.
85.2
105.4
+
577.630
1945
+ 0.5
0
117.9
100.6
•
488,900
f. Other transactions
Total purchases
23, a summary for the week
ended Jan. 12 of complete figures
showing the daily volume of stock
transactions for odd-lot account
of all odd-lot dealers and special¬
91,850
831,713
tOther sales———*————...
All commodities other than farm
products and foods
:—***
PERCENTAGE CHANGES IN SUBGROUP
'
JAN.
12, 1946 TO JAN. 19,
Increases
Lumber
—
—.
Products
Dairy
•'•'
Foods
Cotton Goods
Fruits and Vegetables*—.——,;**—.—;
1.0
Other
Farm
k.
0.2
>':v
}:'■")«&; Decreases
——1.3
"
Sales
Transactions
for
Curb Exchange
Account of Members*. (Shares)
on
the
York
New
'
—
;
0.1
.-.V.;';
S. Other transactions Initiated
$I0I;433,0C0 for Wesk
Short.sales—
,
on
4.
Private, construction total of $64,234,000 for. the* current week is
1760%
over
a
'>
/
-
Customers' short sales
other
sales—.
45,652
Customers'
.13
total
sales
45,782
of
Shares:
sales
3,993
"Customers! other sales
1,296,641
Customers'
Dollar
short
total
Customers'
27.66
;
"
;
Total sales-—-.
0
78,448
'
Short sales
•••.,;
;79,598
•The term' •'members" includes all regul&r and. associate Exchange: inen»be*ri,: their
Irms arid their partners. Including special partners.
••" - •
„
:ompa'red with twice the total round-lot volume on the Exchange' for the- reason tnay
"he Exchange volume includes only sale**.'?
V-'
tin calculating these percentages the.total at members' purchases and
sales Is
.Round-lot short sales which are exempted from restriction by the Commission's
.tales."sre" included: with; "other-sales."
■*, » ,
.
' ^
' V - - j ..
' '1
:
—
—
~
-
v
/,
JSales marked "shorfr exempt" are
.included.4trlth "othex saIes.n
•_
.•
110
223,480
—
>
—
Round-Lot Purchases by DealersNumber of shares.
?' "Sales- marked ."short
exempt
223,590
527,950
are
re-
ported with "other sales."
4,
j
L300.634
$54,272,897
78,448
.
a
sales
value_._
Round-Lot Sales by Dealers-^*
Number of Shares:
Total sales
-
ft
130
Customers' short sales
tOther sales
the week last year. Federal construction, $23,364,000, rec¬
increase over the previous week and a 327% increase
i——
,r
Number
296,310
Total purchases^——
the
"•■V- On
•
18,500
Total sales.
53,324
1,606.068
$66,209,347
—
■^Customers'
277,810
we
!Cu8tomers' other sales—
.
519%
corresponding week of last year.
four-week, cumulative-basis, the total for 1946, $278,080,000
is 215% greater than the $88,193,000 recorded for,the same period
last year. " The current-cumulative total for private construction is
$184,908,000 and is 471% greater than the period last year.
State
over
tOther sales.
J. Odd-Lot Transactions for Account of Specialists^
499% greater than the 1945 week.: State and municipal construction
total for the current week $13,835 000, is 19% over last week and
ords
+
•
•
•400,000); The private construction total for the week is. also 111%
greater than last week and soars to 2,397%. over the week last year.
Public construction, $37,199,000 is 148% greater than last week and
!
For Week
Number of Orders: ?
V
83,880
Short sales.—
r
value_^_
i
Odd-Lot Purchases by Dealer*—
vV
(Customers' sales!
258,725
~
the third highest total reported since the week of Oct. 17, 1940.
(It
is topped only by Sept. 27, 1945, $69,200,000; and Nov. 1, 1945, $67,-
'
2.22
Total
Total purchases——*
;
"
Total:
shares
80,780
Total sales.
Jan. 24 went
V
Y
orders—
of
3,100
tOther sales.
.
The report made public
of
Number
59,170
-_r
N.
1946
l^CustpmetsVpuTchases)
Number
I. Other transactions initiated off the floor-
ported^since ~ the rweek ': of June 31943. { The current week's 'total
•/ is 124% greater than the previous week and 1,054% greater than thy
to say: ,A.h
■;?
31,975
.J———
Total sales.
THE
EXCHANGE
400
a
Total purchases-. 1T;
ON
Week Ended Jan. 12,
Odd-Lot Sales by Dealers—
Dollar
than the previous four-week moving average and is the highest re¬
•
SPECIALISTS
31,575
I
tOther sales
18.31
12,645
—
Short sales—
engineering construction volume in continental United
States totals $101,433,000. for the week ending Jan. 24, 1946, as re¬
ported to "Engineering News-Record." This volume is 46% greater
on
AND
the: floor-
Total purchases
r*
Civil
corresponding week of. 1945.
on
DEALER#
LOT ACCOUNT OF ODD-LOT
180,455
Total sales—•
ODd.
STOCK TRANSACTIONS FOR THE
15,000
165,455
STOCK
Engineering Construction Totals
:
?
reports filed with the Commis¬
sion by the odd-lot dealers and
specialists.
<
186,910
tOther sales———
Civil
sion. The figures are based upon
Account of Members:
they Are registerea— {
1
■
Total purchases—*—..
*
.
.Short sales.—.
■'V:'
con¬
tinuing a series of current figures
being published by the Commis¬
24,240
1,982,225
1. Transactions of specialists in stocks in which
1.0
the
on
New York Stock Exchange,
2,006.435
3. Round-Lot Transactions for
•—
ists who handled odd lots
Total for Week
————
Total sales
—
and Stock
1946
;
Short sales.
tOther sales..
0.1
'
*
5,
Total Round-Lot Sales:
0.2
-
Products.
Non-Ferrous Metals
Stock
WEEK ENDED JAN.
,-•■
,1.1
Petroleum and Products—
———1 0.3 Grains +L———
Livestock and Poultry——.——0.1
Furnishings
Other
1.5
1916 { ' 7:!;S'v'
16.42
923,563
Total sales.
Round-Lot
Total
INDEXES FROM
Spinning for Dec.!
on Jan. 22 that, accord¬
ing to preliminary figures,; 23"806,392 cotton spinning spindlqs
were in place in the United States
on Dec. 31,
1945, of which 21,551,960 were operated at some time
during the month, compared with
21,605,060 in November, 21,721,'-r
792
in
October,
21,911,746
in
September, 22,170,180 in: August,
and 22,212,432 in December 1944..
The aggregate number of active
spindle hours: reported for the
month was 7,732,919,207, an aver¬
age of 325 per spindle in place,
compared with 8,672,129,859, ah
average of 364 per spindle in place,
for last month and
8,760,582,052 an
average
of 397 per spindle in
place, December 1944.
Based on
an activity of 80 hours
per week,
cotton
spindles in the United
States were operated during De^
cember, 1945 at 101.5% capacity.
The percent, on the same activity
basis, was 104.6 for November,
105.0
for
October,
111.8, for
September, 100.5 for August, and
118.5 for December, 1944.
G2.440
+ 2.1
,
^
nounced
5,430,400
tOther sales
;
The Bureau of the Census; an¬
gxaept ?• ^tf^the-Odd-tot^^ccbuntaSofc^dd^^ot^®*^*
Dealers and Specialists:
4
1. Transactions of specialists In stocks in which
they are registered-—
+
,,,
tr'
Total purchases
—II
Cotton
Account of Members,
Round-Lot Transactions for
•
.
—:
5,363,9<o
Total sales.—————
.
t.
+1.8
131.3
1945
:
Co.
Round-Lot Stock
.
d
re-elected
was
American Can Co.; H. K. Taylor,
of George D; Ellis & Sons, Inc.?
and E. B. Webster, of Crown Can
»^^^
tother sales.~.: h;'m" yi''
■
a n
Heekin Can Co.; V. K. LeComte,
of LeComte & Co.; R. S. Solirisky,
of Cans, Inc.; J. A. Stewart,■» of
Jan. 23
{'/' .'
Total for Week
Total Round-Lot Sales:
I.
1-20
1-5
1946
and
Metals
12-22
1-12
1946
on
of Curb members of 463,310 shares
,
Vice-President
Sifton
ft.
1939.
re-elected
W. H. Funderburg, of Continental
Can Co.; D. M. Heekin, of thev
of 2,051,500 shares.
WEEK ENDED JAN. 5, 1946
.
in
nolf, of Continental Can Co.; TL
W. Figgis, of American Can Go.;:
.■•■•.+-ji
Commission made public
Jan. 19, 1946 from—
1-12
" i..l
Stock Sales on the New York Stock Exchange and
Transactions for Account of Members* (Shares)
Total Round-Lot
Percentage changes to
—129.3 ^ 130,0
——.
leather
and
11.29% of the total trading
was
-
106.7
products-
Foods
Hides
-f
1946
commodities
Farm
•
1-19
group—
?
n . n11 r • r ;i
.
:
'■
'r
.-
New York Exchanges
on
trading for the account
Dec. 29
^
:
1946
Commodity
..i. . ■] _;i.'
Institute
the
was
Qompany; C, H. Black, of Ameri¬
1,604,404 shares, or 16.51% of the total trading of 4,859,910 shares.
On the New York Curb Exchange, member trading during the week
ended Jan. 5 amounted to 555,635 shares or 27.66% of the total
volume on that Exchange of 2,006,465 shares.
During the week ended
"u.:.
f.-s •••
•>
'V?-
:
t
JAN. 19, 1946
--ft 9''' -; •
preliminary)'
^
..
of
formation
White
can Can
Co.; E. D. Murphy, of the
National Can CoFp,; C. C. Conway, :;
of Continental Can Co.; J. F. Ege-
with member trading during the week ended Dec. 29 of
compares
wholesale price data, for
WHOLESALE PRICES FOR WEEK ENDED
.-r• ^
ri926 = 100) -
.r
Can
Secretary and Treasurer. The new
board of Governors is composed
of R. Amundsen, of The Texas
figures. ddWh}-'
'
Trading oh the Stock Exchange for the account of members
(except odd-lot dealers) during the week ended Jam 5 (in roundlot transactions) totaled 1,179,789 shares, which amount was 16.42%
of the total transactions on the Exchange of 5,480,400 shares.
This
.
'
n ."J " HU-
re¬
the
Mr. Milton has been ah
Clifford
ing a series of current figures being published weekly by the Commis¬
sion.
Short sales are shown separately from other sales in these
'{with the monthly index.
-;
The following tables show (1) indexes for the past three weeks,
for Dec* 22, 1945 and Jan. 20 1945 and (2) percentage changes in
.subgroup indexes from Jan. 12, 1946 to Jan. 19, 1946. 1
■
orn
Executive
1946, figures showing the volume of total round-lot stock sales on the
Stock Exchange and the New York Curb Exchange and
volume of round-lot stock transactions for the account of, all
members of these exchanges in the week ended Jan. 5,1946, continu¬
the the most part, represent prices in primary markets,^ In general,
the prices are those charged by manufacturers or producers or are
those prevailing on commodity exchanges.
The weekly index is
calculated from one-day-a-week prices.
It is designed as an indi¬
cator of week to week changes and should not be compared directly
'
.M 1
been
of
Institute, {it; was
Jan. 14 by Gordon
member
its
Ferris
New York
,
£
active
the
5
...
'
The Securities arid Exchange
_
:dil..
" ,T 1 ',rr,r"""^'"
Trading
mid-January, 1945.
- .'.V
jr
"Other Commodities—Average prices for all commodities other
than farm products and foods rose 0.1% during the week.
Yellow
•pine lumber, prices were higher with increased ceilings granted by
QPA. Men's business shirts advanced fractionally following > re*
xnoval of CPA restrictions on use of materials.
Quotations for oil-,
cloth moved up following a 15% increase over October 1941 levels
allowed manufacturers to cover higher costs of materials and labor.
Part of this increase is to be absorbed by wholesalers.
Refinery
prices for gasoline in the mid-continent area rose following the com¬
petitive price reductions: of earlier weeks. Quotations for mercury
^declined.", di,
;
+
d.
The Labor Department included the following notation in the
•
Institute.
since
capital for construction purposes this week totals $33,996,000
$29,496,000 in State and municipal bond sales and
$4,500,000 in corporate security issues. New capital for the four weeks
of 1946 totals $234,778,000 and is 127% greater than the $103,217,000
reported for the corresponding period of 1945.
;{UJI'
has
Cole, Advertising Director for tne
announced
New
market prices for butter to ceiling levels in all important
^markets. Average prices for foods were 1.2% below four weeks
Note—The Bureau of Labor Statistics'
•
and is made; up of
r-'-
Y.,
744,000
5,471,000
3,774,000
gained over the week last year as follows: Waterworks, bridges,
highways, earthwork and drainage, industrial and commercial build¬
ings, and unclassified.
New Capital
mary
dm
14,987,000
11,213,000
Bridges, highways* earthwork; and drainage, public, industrial
and commercial buildings and unclassified.
Seven of the nine classes
:
N.
President
Manufacturers
lows:
largely responsible for: the decline of 0.3% in the group index for
foods.
In addition, rye flour moved down on slow demand.
Quota¬
tions for butter in New York and Chicago advanced, bringing pri¬
•
*.
elected
2,576,000
6,215,000
corded
products dropped 0.5% during the week, bringing the index for this
group to a level 1.7% below mid-December and 2.1% above the cor¬
responding week of last year. Quotations for eggs: were down more
than seasonally as supplies increased, with the price decline greater
for lower
qualities.; Prices for oranges moved down seasonally
and white potatoes were generally lower on slow demand for the
poorer qualities available.
Prices for apples and for onions moved
up,~reflecting short supplies of these commodities. - Quotations for
hogs rose on heavy demand by small packing plants.
Prices for
sheep were lower seasonally and live poultry quotations dropped
because of the poorer quality of birds available.
Rye prices moved
up on speculative buying.
"The lower prices for eggs and fruits and vegetables were
d:'-
37,199,000
13,835,000
_
Brooklyn,
$8,791,000
30,394,00D
In the classif ied construction groups, seven of the nine classes re¬
gains during the current week over the previous week as fol¬
'
•"report: ~
*
>
23,364,000
State and Municipal— J.
Jan. 25,'45
; $45,381,000
64,234,000
Public Construction
Federal
Jan. 17,'46
$101,433,000
—
George A. Milton, President of
the George A. Milton Can Co. of
.■*»?>•;:
;
.
Jan. 24,'46
.
Total U. S. Construction.—
prices in primary markets prepared by the Bureau was 0.1% below
a month ago and 1.8% above the corresponding week of 1945," says
the Bureau, which in its advices Jan. 24 further reported: ■ < ."Farm Products and Foods •— Average market prices for farm
{ago and 2.2% above
;
L •
„
Private Construction
the index of commodity
average,
are:
'
by. higher prices for some industrial goods,"
according to the Bureau of Labor Statistics, TJ. S. Department -of
Labor.
engineering construction volume for the current week, last-
week and the 1945 week
modities were offset
•
Milfon Again Heads
Can, Mfrs. Institute
year
•
tSales to offset customers' odd-lot order
and sales to
liquidate
is less than
a
"other sales."
round
a
long position whicl
lot
are
reported
wit!
\
THE COMMERCIAL & FINANCIAL CHRONICLE
642
Thursday, January 31, i 946
'
'
I
Weekly Coal and Coke Production Statistics
Daily Average Crude Oil Production for Week
Ended Jan. 19,1846 Increased 35,200 Barrels
Petroleum
American
The
that the
estimates
Institute
suggestions is not knownv
Consumers will obtain less for¬
eign lead in February, probably
Mines, amounted to. 12,800,000 net tons, an increase of 1,200,000 tons, not more than 14,000 tons, of
which some 8,000 tons will come.
or
10.3%, over the preceding week.
Output in the corresponding
out of the Stockpile and
week of 1945 was 11,960,000 tons.
6,000
For the year to Jan. 19, 1946,
soft coal production was estimated at 32,980,000 net tons, a decrease tons from current imports.
The
of 4.9% when * compared. with the 34,685,000 tons produced from stockpile at the end of January •
will contain less than
Jan. 1 to Jan. 20, 1945.
60,000 tons
daily
crude oil production for the week tended Jan. 19,1946
4,605.950 barrels, an increase of 35,200 barrels per day over the
preceding week and 105,950 barrels in excess of the daily average
figure of 4,500,000 barrels estimated by the Bureau of Mines as the
requirements for th'e month of January, 1946.
The current figure
however.' was 127,800 barrels per: day below the average daily pro¬
duction for the week ended Jan. 20, 1945.
Daily output for the four
weeks ended Jan. 19, 1946 averaged 4,547,600 barrels.
Further de¬
average gross
...Production
Jan.
of lead.
of
Pennsylvania
anthracite
for
ended
week
the
19, 1946, as estimated by the Bureau of Mines, was 1,130,000
tons,
reported by the Institute follow:
as
the;
on
price
The total production of bituminous coal and lignite in the week
ended Jan. 19, 1946, as estimated
by the United States Bureau of
was
tails
,,
Washington intends to act
decrease of 83,000 tons
a
(6,8%) from the preceding week;
When compared with the/ output in the
of
Sales
lead
in
the
domestic;
market for the week amounted to'
2,784 tons.
Zinc
corresponding week of 1945
r
•<
Producers received requests for'
refining companies indicate that the indus- there" was an increase of 137,000 tons, or 13.8%. For the calendar
of.
try as a whole ran to stills on a Bureau of Mines basis approximately year to date, anthracite production amounted to 2,940,000 tons, com¬ postponement of > shipments
Prime Western to galvanizers, ow¬
4,627,000 barrels of crude oil daily and produced 13,979,000 barrels pared with 2,88i;000 tons in the corresponding period of 1945.
ing to the strike at the steel mills. /
of gasoline; 2,198,000 barrels of kerosine; 5,295,000 barrels of dis¬
The Bureau also reported that the estimated production of bee¬ Otherwise the market situation ia'
tillate fuel, and 8,563,000 barrels of residual fuel oil during the week hive coke in the United States for the week ended Jan.
zinc was about unchanged.
Die
19, 1946
casters are still taking substantial
ended Jan. 19,1946; and had in storage at the end of that week 100,- showed a decrease of
3,200 tons when compared with the output
Reports received from
778,000 barrels of finished and
unfinished gasoline; 9,454,000 barrels
and 40,557,000 bar¬
•B.ofta.
Allow¬
Ended
Oklahoma
Jan.
"
t391,850
+
19,
1945
249,400
t261,500
391,650
239,650
+12,300
.
Jan. 19,
Bituminous coal fit lignite—
average
276,550
time.
North
81,000
Texas
»+,,,
West Texas—-
/
•
81,000
ESTIMATED PRODUCTION
152,000
143,150
fe 489,300
-':
East Texas
138,800
Southwest Texas
,-:v
—_
342,350
Texas
Total
483,500
2,135,150
....
-V
■
'
,
2,940,000
2,881,000
3,184,000
953,000
2,822,000
2,766,000
3,025,000
Louisiana
Louisiana
—
78,400
69,000
292,100
79,950
288,850
__
208,900
by truck from
§Revised.
authorized
BY
(The
1,250
370,500
ihipments
358,200
+
200
+
3,000
77,000
54,650
81,700
47,600
200
700
250
+
77,500
409,214
76,000
368,800
56,600
365,000
77,311
and
are
and State sources
district
STATES, IN NET TONS
>
estimat.es are based on railroad carloadings and
subject to revision on receipt of monthly tonnage reports
or
of final
annual
from the
returns
river
from
operators.)
—
—--i.—
•
48,000
Mississippi
600
500
Alabama..——
—
100
•
Florida
—
u._—
205,600
198,250
206,000
Indiana
*
■
207,300
1,400
14,250
12,550
—
13,000
Illinois
-
ioo
14,050
—
■
63,300
63,200
/
46,000
.
Wyoming
Montana
•
Total United States
»These
of
19,700
98,450
+
150
V 98,200
+
17,700
3,706,550
§824,000
3,758,450
847,500
+17,500
4,605,950
+35,200
Mines
99,750
20,400
9,450
103,150
3,843,350
890,400
841,050
4,547,600
4,733,750
calculations of the requirements of domestic
crude
condensate and natural gas derivatives) based upon certain
premises outlined in its detailed forecast for the month of January.
As requirements
oil
(after deductions
of
'
'
'
'
•
for week ended 7:00 a.m. Jan, 16, 1946,
31-day basis and
the exception of
other fields for which
tThis is the net basic allowable as of Jan. 1 calculated on a
shutdowns and exemptions for the entire month.
With
includes
several
fields
shutdowns
which
5
were
ordered
were
exempted entirely and of certain
from 1 to 12 days, the entire state
for
584,000
98,000
42,000
104,000
182,000
772,000
945,000
1,055,000
Kansas and Missouri
Kentucky—Eastern^ixrii-^ti.--..Kentucky—Western
definite dates during
days,
no
-
_
60,000
398,000
343,000
t'
'
-
■
39,000
34,000
-
Michigan——
Montana (bitum. &
2,000
3,000''
•
2,000
;■
91,000
Ohio..
(lignite)
^
of
11 Weeks
Jan.
and
5
12
overstated
by
approximately
Producers.
8,000
due
to
by
error
reporting company,
RUNS
CRUDE
TO
STILLS;
AND UNFINISHED
PRODUCTION
OF GASOLINE;
STOCKS OF FINISHED
34,000
OIL, WEEK ENDED JAN. 19, 1946
•
Figures in this section include
estimate of
reported totals plus ah
unreported amounts and
Bureau
of
(Gasoline tFinish'd
% Daily Crude Runs
Refin'g
East
on
a
and
tStks. of tStks.
tStocks
Gas Oil
of
& Dist.
Resid.
Kero¬
Fuel
Fuel
sine
Oil
Oil
:1771
21,235
3,907
9,174
5,770
76.8
1'.
■
Unfin.
to Stills
f at Ref.
Daily % Op- Inc. Nat. Gasoline
Blended
Stocks
Av. erated
99.5
\''V.
District—
Produc'n
therefore
are
Mines basis
85
2,390
1,112
20,841
256
1,538
9,405
390
Capac.
Report's
:
Coast—
97.5
1,705
:
of
District No. 1
,
243
58.2
District No. 2
81.2
58
116.0
tod., 111., Ky—
87.2
709
82.7
Okla., Kan., Mo
78.3
380
81.0
Inland Texas
59.8
222
67,3
Texas Gulf Coast
89.3
1,132
91.5
Louisiana Gulf Coast.
96.8
303
116.5
55.9
57.
No.
3_~.
17.1
13
77,000
83,000
No.
4
72.1
116
73.0
B6.5
781
80.8
No. La. & Arkansas-
California
1,616
.
691
5,405
4,890
5,215
988
1,991
1,237
2,100
160
106
20
"367
1,960
1,935
16,077
4
821
180
)
420
266
-■*?/
;
16
40R
Jan.
Feb.
March
52.000
52.000
52.000
126,000
136,000
146,000
Jan. 19
52.000
52.000
52.000
2,000
146,000
1,000
117,000
4,000
Jan. 21
52.000
52.000
52.000
157,000
Jan. 22
52.000
52.000
52.000
307,000
300,000
400,000
Jan. 23
52.000
52.000
52.000
31,000
28,000
32,000
2,184,000
lignite)
Utah
-»<
-
2,201,000
1,017,000
•
ssaW
1,715,000
920,000
183,000
v
215,000
1,000
11,600,000
v
924,000
220,000
10,255,000
Total U. S. B. of M.
:?|yjj
basis Jan. 12, 1946.
tx; s. b
Jan. 20,
o* M.
0,791
23,038
85.7
4,627
85.6
13,979 *100,778
9,454
31,403
40,557
85.7
4,498
83.2
14,246
9,641
33,359
40,499
1199,267
basis'
1945
of
at
4,696
unfinished
14,693
t89,670
9,313
34,090
52,173
or
99% tin, continued
51.1250 per pound.
Quicksilver
'
Total bituminous & lignite
| AUL1UUC9
UpvittwiUnb
the B. & O.
on
UlX
Lxxv?
Pi*
in Kanawha,
w
OO.V/«>
v"#ji
»liguilftilj
X*»
t
W
.;
AVXi)
12,150,000
Jj«
Ov
\Jt»
^
close
touch
with
market felt that business
a
..
v
in
the
y
Mason, and Clay counties.
tRest of State, including
and Tucker counties.
(Includes Arizona
,
Those
covering;
fairly large quantity might de¬
velop at the lower levels named
Kon-Ferrous Melals—Allocation of Foreign
Lead for Feb. Down—rll!ali Strike Hils Copper
recently, and this made for
some
pifice
week
uncertainty
ended.
Quotations
of $103 to $106
range
the
as
covered
a
flask,
per
a
Markets,", in its issue of Jan. 24,
^Strike developments last week disturbed all sections of the
market for non-ferrous metals. Stoppage of work at the steel plants
was followed
by an announcement that mine, mill, and smelter work¬
ers in the Salt Lake area went on strike at 8 a.m. Jan. 21, halting oper¬
ations in that district of properties of Kennecott, the American Smelt¬
ing & Refining Co., and the United^States
Smelting,
Refining
and tons of foreign copper for Feb¬
imports for the month of 18,261 *
Mining Co. There
Washington
flasks
was
from
no
on
will have to
consumers
again sold at lower prices." The
publication further went on to
say in part as follows:
ruary.
'
.
South- America.,
were
Tonnages
in¬
not sufficient to dis¬
turb .the average
drop of $2.
The November
flasks,
A frank
"mostly
Government's
sumption
in
committee
The movement of
copper to
plants
during
fab¬
January
turn out to be fairly heavy.
Fear
of
spreading labor diffi¬
culties has brought numerous calls
for copper that might otherwise
may
later
date.
gard
to
shipped to buyers at
The
situation
in
a
re¬
February is uncertain.
Utah, and threats of
The strike in
strikes
brass
at
.various
refineries
and
mills, make it difficult to
timate
deliveries.
CPA
officials
in
price
situation in lead would
bring relief to the market. A real¬
istic price under prevailing con¬
ditions would probable be some¬
dropped
from
3,100
flasks
was up
Mercurio
for
one
and South
to
Europeo has
establishment
two
organization iii
Europe.
Silver
The Green bill remains in the
hands
on
of
the
Senate
Committee
Banking and Currency.
action
is
likely
Wagner,
metal, stimulate the return
and curb the buying of
invited
of
America, and the other
Washington.
of scrap,
produc¬
to operate in North
represent the
what
mary
Domestic
slightly in November
to 1,350 .flasks.
An
higher than 80 a pound.
upward revision, some argued,
would increase production of pri¬
the'
Con¬
who
until
ill,
is
.
.
NTo
Senator
returns
.,
to
>
The New York Official for for¬
eign
silver
was
unchanged
last
so
what most observers regard as an
week at 70%0. London continued:
40,000
underpriced commodity. Whether
at 44d.
Consumers
far have asked for at least
es¬
and
Washington on Jan. 22, Industry
members maintained that nothing
short of swift action to correct the
for
October to 2,500
in
agencies,
exchange of views fea¬
destined
stockpile."
November.
tion
offers
Lead
statistics of the
Bureau of Mines showed general
price.
tured the meeting of the advisory
Copper
have been
8,267,000 barrels-of Unfinished gasoline stocks,
f Includes 12,945,000
gasoline stocks.
tStocks at refineries, at bulk terminals, in
transit and in pipe lines.
§Not including 2,198,000 barrels of kerosine, 5,295,000
barrels of gas oil and distillate fuel oil and 8,563,000 barrels of residual fuel oil
produced during the week ended Jan. 19, 1946, which compares with 2,101,000 barrels,
5,325,000 barrels and
8,223.000 barrels, respectively, in the preceding week and
1,536,000 barrels, 4,627,000 barrels and 9,375,000 barrels, respectively, in the week
er.aed Jan. 20, 1945.
^Revised in Texas Gulf area. %...- •.•;'--"{0. " ,:
•Includes
barrels
Chinese,
52.000
«
•
(Other Western States
704
549
was
52.000
30
92
.
pound,
per
follows:
as
52.000
<
Tennessee
ricating
1946-
nominally
"
36/
Total U. S. B. of M.
basis Jan. 19,
shipment, in cents
Jan. 18
volved
> 341
was
Jan. 17—
tain that
188
price situation in tin
76,000
reduce their demands. Quicksilver
169
4,625
■
1,338
1
Rocky Mountain— +
.
145
28:,
2,791
925
3,659
^
The
unchanged.-Straits quality tin for'
682,000
1,026
284
of
steel
2,780,000
2,452
471
the
615,000
v
Foreign copper sold oh the basis
of 120 f.a.s. New York, for ship¬
ment to Europe, and at 11.750 for
16,946
* >
100.0
District
'f
45.2
District
220
2,501
1,387
>
~
at
virtually
result
a
2,290,000
>
word
probable
steps to be taken to correct the
lead situation.
After the meeting
of the lead group it appeared cer¬
Appalachian—
strike
as
plants.
Consumption of tin for making
tin-plate i has
been
averaging
around 2,000 tons a month.
4
stated:
(Figures in thousands of barrels of 42 gallons each)
week
720,000
,
.
"E. & M. J. Metal and Mineral
GASOLINE, KEROSINE, GAS OIL AND DISTILLATE FUEL
AND RESIDUAL FUEL
last
115.000
26,000
'
(Recommendation of Conservation Committee of California Oil
-t-i
production
2,660,000
.
™
-
Pennsylvania (bituminous)
Texas (bituminous &
104,000
32,000
lignite)
!7ew Mexico
operate
month.
Tin-plate
7,000
■
only
the month being specified; operators
required to shut down as best suits their operating schedules or labor needed
leases, a total equivalent to 6 days shutdown time during the calendar
•_
37,000
tnd
for
•
382,000
—
-,he Panhandle District and Grant, Mineral,
»nd Oregon.
*Less than 1,000 tons. ;
.
j
being
'0.
1,467,000
445,000
46,000
shut
ordered
was
down
to
the
1,000
1,477,000
'
tWest Virginia—Northern
Wyoming
■,W 1
tOklahoma, Kansas, Nebraska figures are
,'V
173.000
1,000
1,218,000
536,000
include small but Indeterminate amounts, of condensate whicb
do, however,
is mixed with crude oil in the field. v
,
122,000
—
Virginia
Washington.
"West Virginia—Southern
from
estimates
ceased
1,000
*
Iowa
be supplied either from stocks or from new production, contemplated withdrawals
crude oil inventories must be deducted from the Bureau's estimated requirements
determine the amount of new crude to be produced.
In some areas the weekly
may
to
110.000
168,000
STorth & South Dakota
4,500,000
Bureau
are
v
21,700
——
104,000
3,668,000
832,000
—
,94,650
■.•kZ'&if*
y
2,500
1123,600
98,000
.
Total East of Calif.:
California
19,500 :
,
20,000
;
Mexico
New
1;
21,000
—
Colorado
+
.
Tin
84,000
Indiana
42,550
China.
92,000
Illinois
30,450
13,
6,000
Colorado
antimony in the
situation is expected tq.
tight until new supplies
to move in volume from
1945
Arkansas and Oklahoma
63,800
29,600
45,300
—
100,750
90, OOP
—
61,750
900
3,000
—
44,100
■
•
2,900
6,050,
—
28,900
28,500
-
Jan.
5,
378,000
Georgia and North Carolina
(Not ipcl. 111., Ind.,
Why -< Ky.)
Kentucky
.Michigan1
supply
remain
1946
356,000
Alaska
Eastern—
funds.
331,000
6,000
1946
State—
Vlabama
50
150
•
Jan.
Jan.12,
new
begin
Week Ended—*Arkansas
higher
antimony in
supplies have been limited.
quotation is equivalent
22.460 per pound, United States
to
The position of
weekly
current
reflects
for
United States remains unchanged.
Demand continues active and the
LIGNITE,
289,200
1,250
+
market
and
'■>' ,r>. ■'
'.V"
'
Total
288,200
250,900
111,600
ESTIMATED WEEKLY PRODUCTION OF BITUMINOUS COAL AND
North Louisiana
Coastal
95,200
washery and dredge coal and coal shipped
tExcludes colliery fuel.
tSubject to revision.
operations,
■
revision
Demand
The
92,000
British
the British market has been active
993,000
' ■""
"•
1937
1,213,000
United States total-
in the
10s. per
costs.
Jan. 23,
20,
1945
1,164,000
'
■
v
1,085,000
•Includes
2,000,800
1,950,000 f2,122,696
-----
i946
1,130,000
552,600
1,980,800
488,750
Jan.
§Jan. 19,
Beehive coke—
,
Coastal Texas -4
1946
antimony
ward
-Calendar Year to DateJan. 20,
1945
§Jan. 12,
1946
has
long ton, establish-•
ing the quotation for the 99.6%'
grade
at
£125.
The sharp
up¬
tCommercial produc.
385,700
325,300
1,971,000
■"Total incl. coll. fuel
144,050
316,750
328,900
—
lJan. 19,
Penn. Anthracite—
478,600
483,450
140,050
320,000
Central Texas-
East
2,048,000
PENNSYLVANIA ANTHRACITE AND COKE
OF
The British Ministry of Supply
raised the selling basis for
1945
34,685,000
(In Net Tons)
88,700
152,800
-
Jan. 20,
1946
32,980,000
£12
Week Ended-
Fanhandle Texas
tJan. 19,
Jan. 20,
1945
11,960,000
1,993,000
'-"Jan. 12,
vj..
.
Antimony
—Jan. 1 to Date—
tSubject to current adjustment.
1,000
1750
quantities of Special High Grade,,
even
though the automobile in-.
dustry has been operating at a
greatly reduced rate for some
,
OF BITUMINOUS COAL AND LIGNITE
1946
11,600,000
1,933,000
1946
12,800,000
2,133,000
Total, including mine fuel—
Daily
-
Week Ended-
f
'
r
362,500
750
390,000
260,000
800
—
Nebraska
*
■'■Revised.
800
382,000
——■
Kansas /
Week
Ended
Jan. 20,
1946
Week
1946
>r. \
'
1
Ended
from
Previous
Jan.19,
Begin.
Jan. 1
January
'
4 Weeks
Change
Week
ables
Requirements
bUf-
Actual Production
Calculated
-
"
(In Net Tons)
„
PRODUCTION (FIGURES IN BARRELS)
Stale
<•
12, 1946; and was 19,600 tons less than for
of 1945.
ESTIMATED UNITED STATES PRODUCTION
DAILY AVERAGE CRUDE OIL
r
the corresponding week
oil.
rels of residual fuel
.
for the week ended Jan'.
31,403,000 barrels of distillate fuel,
of kerosine;
Volume 163
Number
THE COMMERCIAL & FINANCIAL CHRONICLE
4460
Revenue
•
:
of
•week
of
1945
28,097 cars,
and
6.2%.
3.6%
or
week in 1944 of 49,175 cars or
•same
,*
Atl. & W. P.—W. R. R. of Ala
below the
and
an
.
•
:
and
week
:
.
1,686
1,594
3,299
3,439
*350
274
251
,457
51
135
108
598
883
3 307
3,557
3,007
1,623
1,552
1730
'309
'
-
;
1,955
40
47
141
117
1,079
1,215
2,198
2,905
353
;
445
4,356
25,926
'215
418
■?;
4,781
26,534
Mississippi Central
26,815
24,205
10,127
12,343
,185
178
917
90b
240
260
3,269
i|i08
:
923
*373
389
433.
^^>■356..
4,733
1,345
1,419
8,939
10,711
10,086
7.875
8,961
23,720
'563
22,698
23,169
701
846
783
147
149
904
120,372
126,406
121,466
105,414
128,694
Tennessee Central
Winaton^alem Southbound
,
of J^n.
'•
16,043
14,811
2,836
2,700
21,731
22,280
Chicago, St. Paul, Minn. A Omaha
Duluth, Missabe A Iron Range
Duluth, South Shore A Atlantic
4,043
3,384
1,132
672
Elgin, Joilet A Eastern
Ft. Dodge, Des Moines A South
6,624
Chicago Great Western.
Chicago, Milw., St. P. A Pac
Great Northern
Green Bay
TOtaL
I|
'2]2,558
3,920
253
211
634
the low price was accepted.)
There was a maturity of a sim¬
9,019
10,528
12,910
9,069
110
456
•
535
•
290
291
69
1,964
2,355
2,503
5,585
4,756
9,677
5,841
10,875
3,436
4,799
148
445
--2,461
2,490
| * 3,868
92,317
63,648
70,122
9,566
'
REVENUE
79
'
2,826
AND
LOADED
JAN. 19,
c.. r
.
Revenue
+
Received from
Connections
Freight Loaded
y
'
1946
1945
1944
361
2,870
7,488
291
2,096
6,051
276
2,534
6,473
Louisville—1,146
1,250
1,495
+»874
Aroostook
Boston A Maine—
Southern Pacific
Hudso^rrL-
-
Maine
1,689
...
250
11,802
——
3,296 *
"
2,640
Hartford
Ontario A Western^.
York, Chicago & St. Louis.
N. Y., N, H. &
N. Y.,
,
Susquehanna & Western--^*-*;
Pittsburgh & Lake Erie..
-,.8,538
48,149
10,046
" 1,013
6,669
* 622
'
l.|
.7+I
mm
Uegheny District—' on, Canton & Youngstown—
bimore & Ohio—
> ••
•
572
,
•
41,195
item
-
8,002
18
255
272
1,997
*1,201
11,896
'
2,809
*
782
12,60?
3,518
4,845
202,095
217,886
803
739
+2,433+:
1,164
1,558
41,054
.
24,146
28,497
1,008
1,497
2,772
1,685
:
1,359
1,830
5,398
.6,379
301
469.,
30
&
38
630
868
772
879
51
17
938
1,148
1,357
1,523
2,060
454
564
758
2,103
876
960
1,465
1,793
674
790
12
48
591
27,255 *
V
r'
0
300
17,859
881
509
1,823,
v
141
107
658
949
V
0
0
10,082
29,234^
^*29,468 "
16,521
14,468
473
0
2,054
16,973
11,884
16,110
707
9
3
3,404
4,346
75,676
-102,872
455
vsy 710
''
1,715
127,936
'
1,881
128,235
tK. O. A G.. M. V. A O. C.-A.-A
1,282
1,240
1,687
City Southern^—2,525
3,031
-
4.615
2,010
3,475
3,278
293
337
293
154
127
178
4,868
6,664
5,567
15,310
17,019
17,167
Missouri-Kansas-Texas Lines
Missouri Pacific
+
171
23
41
1,278
4.300
3,915
1,587
2,140
2,411
354
550
4,003
14,012
5,650
*
54
94
135
383
9,372
8,629
7,526
8,63C
St. Louis-Southwestern
^ 2,326
Texas A New Orleana——*——. 7,665
6,81?
3,369
3,082
4,791
11,169
13,067
5,196
5,554
3,347
4,819
4,902
6,006
8,381
Wichita Falls A Southern.
71
92
83
63
3P
Weatherford M. W. A N. W
65
32
17
11
29
55,282
72,269
71,916
56,183
69,892
..
j,
,
:
,
Total
tIncluded
Oklahoma
and
A
in Atlantic Coast Line
Gulf
Ry.
only
in
1944
RR.
and
tlncludes Midland
Valley Ry. and Kansas,
also Oklahoma City-Ada-Atoka Ry. in 1945
1946.
NOTE—-Previous
year's
'
figures revised.
Weekly Statistics of Paperboard Industry
We give herewith latest
figures received by
Paperboard Association, Chicago, 111., in relation to activity iix the
paperboard industry*
The members
industry, and its
of
this Association
represent
83%
of the total
program includes a statement each week from each
member of the orders and
production, and also a figure
cates the activity of the mill based on the time
which indi¬
figures
These
advanced to equal 100%, so that they represent the total
are
industry.
.
,.
-
Orders
.
fifie
nr
i»45--week Ended
Nov.
10.—
162,023
17
156,223
Percent of Activity
Tons
Tons
201,060
.
Remaining
Current Cumulative
511,022
97
157,617
509,984'
97
94
123,281
154,122
479,228
95
147,083
3,996
11,903
13,978
Nov.- 24——_—
123,781
Dec.
1——172,297
454,926
472,568
490,123
91
96
97
98
92
94
94
94
94
94
94
52
93
75
75
Dec.
28,370
28,473
11.132
21,902-
6,512
4,697
1,256
4,648.
;
;
11,493
r
9,381
150,330
122,229
29..J— *
97,323
—.
1946—Week Ended
'
Jan. 12_.
.
55,072.
,
18,900
,
23,243
176,346
143,366
—
Jan.,19_—_r—v"
2,369
,
necessarily
equal the
repbrts, orders made, for
ments
of
unfilled
ber
and
Manfacturers
lumber
porting
Trade
Association,
shipments of 428 mills re¬
to the National
Barometer
were
Lumber
22.1%
above
production for the week
ending January 19, 1946. In the
same
week hew
mills
were
tion.
29.6%
orders of these
above produc¬
Unfilled order files of the
463,446
.
stocks. For reporting softwood
alent to 33 days' production at the
equivalent to 36 days' production.
For the year-to-date,
.
.
" 526,891
523,672
94*'
,85
143,550
j ,507,651
93
88 .' ,
week, plus orders received, less production, do
close.
Compensation for delinquent
filled from stock, and other items made necessary adjust*
134,265
unfilled orders at the
or
orders
487,481
451,654
78,8.62
111,967
144,482;,
Notes—Unfilled orders of the prior
not
.
30
of
reporting
shipments
identical mills
ex¬
ceeded production by: 14.2%; or¬
ders by
28.0%.
.
5——•
-
54,044
152,571
154,235
157,792.
148,591
173,537
15—
;
21,026
8.L—^*1.
.
22
Jan.
"
*
'
Dec.
Dec
20,922
....—
Dec.
1
"
10,623,198 bales of
bales of linters on
13,379,245 bales of
lint and 25,747 bales of linters on
Dec. 31, 1944.
There were 21,551,960 botton
spindles active during December,
which compares with 21,551,960
coton
spindles
active
during
November, 1945, and with 22,212,432 active cotton spindles during
December, 1944.
Nov.
current rate, and gross stocks are
94
Nov.
167,885
compares with
lint and 43,587
mills, unfilled orders are equiv¬
Unfilled Orders
^roduction
Tons
3—.—
Nov.
'
Received
:
,
28,490
146,172
10,504,564 bales of lint
and 44,323 bales of linters, which
of t
REPORTS—ORDERS, PRODUCTION. MILL ACTIVITY
65,793
17L732
on
reporting mills amounted to 87 %
STATISTICAL
-3,631
164,969
linters
According to the National Lum¬
from the National
us
2,564
;
were
of
Ended January 19,1946
56,514
26,058
3,626
bales
268,079
Lumber Movement—Week
19,933
Pocahontas District—
W 56,838
\ 18,579
82
14,650
76,492
.
'
p| 5,147
there
2,751
12,586
156,494
30,769
1,401
-
19,531
74,871
*
4,271
■
and
Dec. 31, 1944.
On hand in public storage and
at compresses on Dec. 31, 1945,
1(635
9,050
,
There were 2,380,324 bales of
lint and 302,678 bales of linters on
hand in consuming establishments
on Dec. 31, 1945, which compares
with 2,202,498 bales of lint and
257,002 bales of linters on Nov. 30,
1945, and 2,320,596 bales of lint
2,517
1,239
Missouri A Arkansas
with 4,020,386 bales of lint and
618,895 bales of linters in the cor¬
responding period a year ago.
.v
2,62?
2,180
Litchfield A Madison
Louisiana A Arkansas
31 cotton consumption was
3,595,851 bales of lint and 417,141
bales of linters, which compares
Dec.
3,649
"
1,09.9
5,130
.
1,442
8,443 :
Total.
5,808
2,260
620
1,320
——
47
1,620
13,931
Maryland—,
758,809 bales of lint and 120,947
bales of linters in December, 1944.
In
the
five
months
ending
i
2,294
12
.221
:
103
•
74,684
Total———
4,405
3,200
'
'203
1,497
—
Virginian.
3 774
-
206
18,014
1,594
k..
Chesapeake & Ohio——
Norfolk & Western—
3,860
5
16,293
;vi
f
342
Lines.-—
nsylvania System
ding Co.__——
on (Pittsburgh).
931'
.
5,884
Yalley++++-+.————
n-Reading Seashore
3,293
1,980
' *7,40#
7,259
12 s
4,780
-
40,688
1,897
—----
A
g
8,214
"
1,191
375
,6,389
"
■
5,627
.
raier
2,200
operated.
3
Indiana-w—..
tral R. R. of New J-rsey
ttwaU*-.u+*—
iberland A Pennsylvania
abria
13,966
-2,352
343
y,,v;
—;
& Lake Erie—
semer
1,536
7,144
50,261
15,911
2,796
16,447
2,139
157,912
Wheeling A Lake Erie—•
;-r"
*782
368
19
,
14,700
2,096
7,770
4,579
-
,
5,024
296
50,563
;
-
-
3,850
4,230
285
7,806
6,851
,
,23
,
,
Marquette*—
—
4,795 | 4,794
Pittsburgh A Sh6wmut-.J-.««.J-.*,—•- " 966
846
Pittsburg, Shawmut & Norths
243
.V 289
Pittsburgh A West Virginia—,.975',
1,012
Rutland
—
-—-362
•
305
Wabash—^-——
5,705
6,203
,
bales of linters in November and
721
7,032
2,485
8,986
3,341
,l,2f
11,724
1,381
7,678
2,293
Pere
«yy>tmi
,.8,287
2,278
„
743,450
1,161
5,365
255
Texas A
86,303
linters, as compared with
bales of lint and 83,680
14,621
16,574
2,547
,,
.
,
3,368
14,816
,
, 6.376
; 2,496
45,354 *,. 44,856
10,782
8,769
787- «.:
. 787
5,730
;
6,631
456
414
Central Lines
New York,
New
6.757
;
2,887
~ 2,078
6,814"« 5,788
—-
New York
-
12,491
„
3,941 + 3,608
,,128
168
1,585
:.1,904
3,147
145
,
-
1,872
3,268
1,595
2,099
325
T
2 790
4,333
1,646
10'?n«
2,037
320
\v
International-Great Northern
8,?7i!
106
651,784 bales of lint and
bales of
888
Burlington-Rock Island—
" 7'?™
178
85
12,737
3,100
122,589
6'?™
179
28
11,348
12,079
Gulf Coast Lines
Kansas
In the month of December, 1945,
consumed
amounted
to
cotton
2 887
Quanah Acme A Pacific
179
4,72)
624
22,087
826
St. Louis-San Francisco
1.1U
"
Central"
Montour
Wash¬
12 318
<,
40
7'^-■
<■
14,131
375
2,146
Western Pacific^.*
1,807
12,260
England
,
at
ington on Jan. 21 issued " its re¬
port showing cotton consumed in
the United States, cotton on hand,
and active cotton spindles in the
3,237
:
29
23d 1
,
Consumption
Bureau
2,801
—
System———
2,244
11,724
T^unkwVsW"-::.-
Lehlah Valley
Census
12^527
*,
31
Lehigh A Hudson River.
LeSihA New
The
3,314
tPaoific}^*^—^*..
,1,000
5,494
11,436
Grand
in
;
2,984
—
36
—-
& lro'ntonDetroit & Toledo Shore Line
Jan. 31
12,756
City*—.
961
4,111
Toledo
Detroit
on
$1,318,226,000.
647
47
Delaware, Lackawanna & Western
Detroit A Mackinac
.
3',308
9,728
3,210
20,335
21,160
Toledo. Peoria A Western——*——Union Pacific
Utah
22 729
3,454
268-
;
1.184
-.4.324
.
VermontV-1L
Delaware &
1945
1>^61
50.
13,448
2,282
1946 ,
1,701
419
13,388
Eastern District—
Ann Arbor
24,115
Peoria A Pekin Union.—37
;
Total
fVntral Indiana
^
'
-
3,961
448
Southwestern District—
RECEIVED. FROM CONNECTIONS
Railroads
SStra
22,406
2,673
North Western Pacific
2,347,810
Total Loads
Chicago, Indianapolis &
2,322
amount of
Dec. Cotton
3,357
\
Total—
(NUMBER OF CARS) WEEK ENDED
Bangor &
,
85,396
Missouri-Illinois—._r_.—________
Nevada Northern—,
798,650
<77,572
•
the week ended Jan. 19, 1946,
59 roads reported gains over the week ended
FREIGHT
^
256
85,713
Illinois Terminal—
1945.
20,
99
2,124
i
Fort Worth A Denver
179,531
2,244,030
749,475
separate railroads and system? for
'
ilar issue off bills
the
950
1,071
310
—,
tabl&^ a summafy;of the freighf carloadings fos
During this period
0.376%
per annum.
5,636
Denver A Rio Grande Western^
Denver A Salt Lake—.
•
Jan.
approximately
522
140
Colorado A Southern.:
779531
; 783,060
2,174,490
Total
the
discount
4;331
484
Chicago, Burlington A Quincy
Chicago A Illinois Midland
Chicago, Rock Island A Pacific
Chicago A Eastern Illinois
1944 m
1945
-
r.
The following
0.368%
891
2,387
.——J.*—.*
Alton_
correspond¬
^
19——
January
of
approximately
annum.
643
4,700
.
Bingham A Garfield
1946.'
Week of January 12*
Week
discount
1,214
413
Ishpeming
Atch., Top. A Santa Fe System.
|
.
•
.
5——
of January
Week
Range of accepted competitive
bids:
(61% of the amount bid for at
? Central Western District—
Pocahontas.
.
approxi¬
annum.
11,226
12,855
Spokane, Portland A Seattle
Eastern, Pocahontas, and Northwestern
decreases
compared with 1944, except the
reported
per
11,423
3,492
332
Spokane Interna tional
of 2,912 cars
decrease of 5,064 cars below the
decreases compared with the
districts reported
all
discount
14.494
11,242
A Western
Northern Pacific——
ing week in 1945 except the
and
of
rate
mately 0.375%
month of December.
corresponding week in 1945.
All
alent
13,914
,3,024
'455
Minneapolis A St. Louis
Minn,, St. Paul A S. S. M.
amounted to 10,071 cars, a decrease
preceding week, and a
below the
•
,
Average price, 99.905+; equiv¬
16,173
2,814
.22,002
4,311
1,333
11,622
i
Lake Superior A
sponding week in 1945.
Coke loading
cepted in full),-
Low, 99.505; equivalent, rate of
Chicago A North Western
below the corre¬
preceding week and a decrease of 2,607 cars
Total
accepted,
$1,315,717,000
(includes $53,578,000 entered on a
fixed price basis at 99.905 and ac¬
Northwestern District—
,■
below
amounted to 9,300 cars, a decrease of 420 cars
Ore loading
the
Total applied for, $2,025,044,000.
per
/
.
2, which were offered on
Jan. 25, were opened at the Fed¬
eral Reserve Banks on Jan. 28.
High, 99.907, equivalent rate of
'
corresponding week in 1945.
to be dated Jan. 31 and to mature
May
1,108
,
Southern System
ffii
Livestock loading amounted to 11,027 cars, a decrease of 7,099
cars below the preceding week and a decrease of 4,384 cars below
the corresponding week in 1945.
In the Western Districts alone
loading of livestock for the week of Jan. 19 totaled 7,771 cars, a
decrease of 5,761 cars below the preceding week, and a decrease of
3,174 cars below the corresponding week in 1945.
I
Forest products loading totaled 33,070 cars, an increase of 230
cars above the preceding week, but a decrease of 6,041 cars below
•the
about
27,436
669
129
$1,300,000,000 or there¬
off 91-day Treasury bills
10,735
10,190
23,150
Seaboard Air Line———.
an¬
Jan. 28 that the tend¬
on
for
ers
1,862
1,418
435
502
3,950
m
856
407
,
420
268
3,123
iv'r
Secretary of Treasury
nounced
4,044
18.038
2,797
Richmond, Fred. A Potomac
900
4,044
14,133
Nashville, Chattanooga A St. L.
,
695
3,936
28,774
Norfolk Southern.,.
Piedmont Northern..
,
Treasury
III" Bill Offering
The
44
25,914
Macon, Dublin A,Savannah
-
*
U
903
'
'
384
'317
Louisville A Nashville
grain and grain products loading for the week
in 1945.
5,810
402
4,597
1,447
756
Illinois Central System
36,599 cars, an increase of 103 cars above the preceding
an increase of 5,528 cars above the corresponding week
19 totaled
<,
3,767
*
Georgia A Florida..
Gulf, Mobile A Ohio
above the preceding
tricts alone,
3,982
Georgia——,—....;
Grain and grain products loading totaled 54,925 cars, an increase of 472 cars above the preceding week and an increase of 8,898
cars above the corresponding week in 1945.
In the Western. Dis-
•
2,669
14,675
3 861
Florida East Coast
loading amounted to
709
463
1.874
,
f
Gainesville Midland.—.—.:
184,725 cars, an increase of 14,6t93
week, and an increase of 12,472 cars above
the corresponding week in 1945.
>
Coal
cars
.
'
276
10,359
Columbus & Greenville
of merchandise less than carload lot freight totaled.
an increase of 1,441 cars above the preceding week,
increase of 19,368 cars above the corresponding week in 1945.
1945
13,059
t
14,676
Clinchfield—————————
cars,
1946
:
363
791
f
Charleston A Western Carolina——
Loading
!. 117,389
Connections
1944
v
409
/ 13 039
Central of Georgia
corresponding week in 1945.
Results of
Received from
Loaded'
;1945 *
,
7i i
—.
Atlanta, Birmingham A Coast
decreased
Total
"
Atlantic Coast Line
freight loading totaled 328,968 cars, a decrease .of
below the preceding week, and a decrease of 50,739 cars
cars
'
1946v
Alabama, Tennessee A Northern
Miscellaneous
129,488
■J Total Loads
t
Revenue Freight
'
Durham & Southern
Loading of revenue freight for the week of Jan. 19,
23,083 cars, or 3.0% below the preceding week.
•
'
•' 'iz
' ', 4*
Southern District—
/
decrease below the
a
+
'
;
Loading of revenue freight for the week ended Jan. 19, 1946,
totaled 749,475 cars, the Association of American Railroads announced on Jan. 24.
This was a decrease below the corresponding
•
'
Railroads
Freight Car Loadings During
Ended Jasi.l 9,1946 Decreased 23,083 Cars
643
Compared
responding
to
the average
week
of
cor¬
1935-1939,
production of reporting mills was
2.0% below; shipments were 7.3%
above; orders were 2.4% below.
THE COMMERCIAL & FINANCIAL CHRONICLE
644
sets
Y. Banks in Favorable
Position lo
the
1,200 banking organizations under the supervision of
New York State Banking Department are in a favorable position
The
the
meet
s
p
the
war
u
El¬
years,
perintend-
Department. During the year the
liquidation was completed of the
last domestic banking; organiza¬
tion taken over by the Superin¬
tendent because of insolvency. As
a
result, for the first time since
said in his an¬
nual report to
Governor
the
and the Legis¬
lature
d
m a
e
public Jan. 11.
Superintendent was
first designated as statutory liqui¬
dator the Banking Department is
engaged in not a single liquidation
of an insolvent banking institu¬
1908 when the
He stated that
banking
the
system of New
York State
It
emerged
a s
from
the
years
nearly
war
V. Bell
Elliott
5
quality of its assets the best on
record, its liquidity increased and
its
earning power considerably
improved.
J'
-
"In recent months some
'
,
revival
private borrowing has taken
place," says Mr. Bell. "There is
evidence
that loans have been
made
to
business in somewhat
larger amounts this year. : In ad¬
dition, the outstanding balances of
guaranteed loans for war purposes
have been declining since the mid¬
in
heavier re¬
private credit.
Real
dle of 1944, indicating
liance upon
estate loans and loans to consum¬
ers
increasing dur¬
have also been
ing the year. The banking system
thus appears at the end of 1945
to be
making progress in its tran¬
peace."
sition from war to
that the opera¬
Bell noted
Mr.
the tim¬
tions of the Treasury and
ing of the war loan drives kept
the resources and deposits of the
commercial banks from extending
their wartime rise in the first ten
the assets of
and savings >and
continuing their
expansion,
reached
new
high
records in this period. He noted
months
of 1945, but
the savings banks
loan associations,
that
total
mercial
>
of
resources
the
com¬
increased
banks
$1,104,654,000 to a record high of $23,157,487,000 on June 30, 1945, and
their deposits rose $1,068385.000
to $21,384,350,000. As of October
27, however; resources and de¬
posits stood at $21,563,898,000 and
$19,710,290,000, respectively, show¬
ing losses of $488,935,000 in re¬
sources
and
$604,475,000 in de¬
posits for the ten months.
]
It is likewise reported that: .
i
"An increase of $94,270,000 in
capital funds of the commercial
in the first
banks
months
ten
of
the year is ascribed in the report
to 'an increasing awareness on the
'
part of bank management that ex^
panded
deposits
and
post-war
•
lending
responsibilities >> require
strengthened capital structures.?
The larger part of this increase
;
came
■
from retention
of
earnings,
but
•
$8,399,000 of it resulted from
the sale of additional stock
by 22
.
;
banks. In all, 55 banks and trust
companies took steps during the
year
to
improve their capital
structures, aside from the reten¬
tion of
earnings,
cussions
with
initiated dis¬
Department
or
the
; looking toward that end."
>
,
Deposits,, of
mutual
banks it is indicated
$1,000,000,000 in
the
months
savings
increased
first
ten
of
1945, reaching a new
$8,122,000,000. This gain
compared with one of $760,000,000
in
the
corresponding period of
There
is i
some
however, Mr. Bell
rate
of gain
evidence,
that the
in savings bank de¬
says,
posits has begun to level off. The
statewide
and
the
and
dollar gain
November
in October
less
was
than
in
corresponding months of 1944,
in
the
western
was
of
the
war
ac¬
area
State, where substantial
tivity
that: ' /
''
"Since 1908 the Superintendent
has taken
over
177 institutions
concentrated, the rate
of deposit gain has now been
un¬
der the 1944 figures for over six
months. For savings and loan as¬
sociations the gain in
♦hP«r*f ten
f rst
months
resources
was
and
in
and re¬
148
liquidated
has
opened or*released 29. The liabil¬
ities involved in these closings
aggregate $460,000,000.
Dividends
available to
the creditors and depositors of the
148 liquidated institutions aver¬
aged 81.40% of the amount of
their claims. Over the last three
years 23 liquidations of domestic
banking organizations,; including
and other funds made
of United States,
completed." . >
Bell
cautions the banks
that of the Bank
have been
Mr.
proposals with respect to
associations
would, among other things, permit
deferment
of the
first periodic
payment made in connection with
and
loan
estate market to
effort in the real
a
loan
for
the
construction
of
a
building; eliminate the authority
savings and loan associations to
charge a premium upon loans in
addition to the legal rate of in¬
terest, and forbid the withdrawal
of shares pledged as security for
a
mortgage loan while the mort¬
gage is outstanding."
:
The Superintendent says in the
report that ^ the Department ex¬
pects to complete early in 1946
the comprehensive study which it
began in 1945 of the business and
earnings of licensed lenders. The
purpose of this study, he says, is
of
contingencies, $150,000.
y
r "This $3,425,000 is $752,000 more
.
31.
1934,
and
in the
increase
prices up to incorporate scar¬
city value," and says:
"The
supply
of
institutional
bid
mortgage money now is virtually
unlimited. These funds can be a
great national asset in the realiza¬
tion of the nation's goal of pro¬
bank, having started with the in¬
stitution in 1917; H. H. Harp, ap¬
stock
of
the bank in the last several years.
March,
sale
after
1934,
of
$1,000,000 in preferred stock to
the
RFC, the capital structure
also included common stock, $1,-
s
entered; the
bank's
Officer.;;
National
of
amounts
"Small
retired
time
from
preferred
to time.
Cashier.
t
Mr. Harp
employ and
appointed
Caulley,
grand total of $2,673,000.
were
a n
partment until his assignment two
years
ago
as
Manager of the
Banking
Facility
at
the
Fort
Worth Army Air Field; O. D. McTrust
r
s
years ago
Manager of the Savings De¬
was
000,000: surplus, $500,000, and un¬
divided
profits, $173,000, for a
•
i
t
pointed ' A s
Twenty-eight
has
with
served
22
Mr.
Assistant
McCaulley
the
Worth
Fort
For several
years he has been identified with
the Trust Department; B. P. Mc¬
years.
As of Jan. 31,
two
1944, shortly under
ago,
years
Labor Department
bid and 37 asked yesterday in
Reorganization
Reporting that "substantial pro¬
gress" had been made in reorgan¬
izing his department, Secretary of
Labor Lewis B. Schwellenbach an¬
nounced
on
Jan. 20 the member¬
of two new commitees whose
appointment
was ■; proposed
by
President
Truman's
labor-man¬
agement conference last fall.
will
make
One
recommendations
on
operation of the Federal
other on
technical and analytical services.
Mr. Schwellenbach said that the
over-all
Conciliation Service; the
change in the de¬
reorganization
had
integration of the work
ply of mortgage money is pressed
before new build¬
been the
partment's
of
the
bureaus
services,
and
the
local over-the-counter market.
most important
cently
of the di¬
rectors
of - the
First
National
Bank in
Palm Beach, Fla., in
At: the first meeting
1946, the following officers were
for
the
ensuing year:
elected
Wiley ;' R. :: Reynolds,
President;
Bert
C.
Teed, Executive First
Vice-President; R. E. Conn, C. L.
"Times"
bank,
Mr.
President
elected
was
member
of
of
a
director
Executive
is
Pier
United
Com¬
ViceStockyards
now
Corporation and General Man¬
ager of the Fort Worth
stock-*
yards.
In addition to these changes,
Mr! Harding announced the in¬
crease in capital, effective Jan. 3,
.
1946, from $2,500,000 to $3,500,000,
and
increase in
surplus from $2,-»
Hazel S. Gorham,
Geo.
S.
Ross,
Vice-Presidents; 500,000 to $3,000,000. ; This was
by payment of a
Gordon W. Lvnn, Vice-President accomplished
and
Trust
Officer; fH. V. Nye, 20% stock dividend amounting to
Mrs.
Pierce,
Vice-President and Cashier; E. P.
Dickey, Vice-President and'Comp¬
troller; Miss Mary Nell Pinckard,
Vice-President;
Assistant
Wiley
Reynolds, Jr., Geo. E. Hossler,
thq
Miss Elizabeth A, Root and Mrs.
one can
the
and
mittee;;
re¬
taken
over,
with
Secretary's office, the New York
reported from Washing¬
of existing
structures will rise
high enough to absorb the new ton, Jan. 20, in its account of the
announcement, and continued. The
funds in search of employment.
Conciliation Service, as the agency
That process is more commonly
ing on a large scale is resumed,
only expect that the price
"It is indicative of the progress
"In
Mr.
veteran employee of the
a
t
viding good housing and employ¬
ment for all. But if this vast sup¬
for investment
period
Dietz is
on
common
$1,752,000 during this
time," Mr. Muir said.
of
of
equity
President to Vice-President.
represents
bank's;;net .worth
than, the
March
an
Companies
Donald, appointed Assistant Cash¬
the outstanding ier.;; He commenced his banking
preferred stock issue was $650,000. career as office boy in 1919 with
to determine whether the statu¬
In 1944, the bank retired $150,- the bank, returning to the bank
tory rates of charge allowed to 000. and last
year it redeemed an¬ after serving in the Army Finance
licensed
lenders are the lowest
Department he has been
han¬
other $20Q,000."
possible consistent with the main¬
Common
stock of Louisville dling the Veterans' Department.
tenance of adequate service.
Mr. Harding also announced the
Trust Company* whiph within the
last eight years has been as low resignation of John T. Herd, of
as $6 a share, now is on a divi¬
Post, Texas, as a director.
W. L.
dend basis.
It was quoted 35
Pier* former Vice-President of
"the present ship
facilitating
against
R.
$500,000 and sale of 25,000 shares
of
new
stock at $40 per share,
amounting to $1,000,000, of which
$500,000
was
$500,000
as
placed as canital and
surplus. ; Dividends
amounting to $100,000, at the rate
of 8%, were paid on capital stock
Cashiers:
Bassett outstanding as of Dec. 31, 1945.
and Stanley A. Wilson. Assistant
At the annual meeting of share¬
Trust Officers; J, J. Henderson,
holders of Bank of America, San
Auditor and Assistant Comptrol¬
Duff in,
Ruth
Assistant
Richard C. Boggs, H. Hood
which f. had
been carrying
the
i
Francisco. Calif., a new member
■
heaviest
burden
recently,
he ler; William H. Miller and Miss was added to the combined board
Department will
Nancy Williamson, Assistant
added (according to the "Times")
of directors and advisory council
propose
several changes in the was
Auditors.
1
< < ;:y
■
■J'
receiving urgent attention.
in the person of Alfred J. LundBanking Law at the 1946 session
The
President. appointed the
Additional field offices had been
berg. a leader in the business of
of the Legislature, according to
following directors on commit¬
opened in Boston and Kansas City,
Oakland, and President and di¬
the report. As to these proposals
tees: Examining, Ralph B. Wag¬
and a Division of Field Operations
rector of the Key System and of
it is stated in the Department's
ner. George L. Royal and J. Ken¬
and another for procedures and
the/Railway
advices that: Equipment
and
neth Williamson; Discount, Wiley
training had been established. Mr.
Realtv Co., Ltd.
"The recommendations will in¬
In addition to
Schwellenbach
said
he
would R. Reynolds, Bert C. Teed and
clude legislation with respect to
Wiley R. Reynolds,
Jr.; Trust, presiding over the extensive East
seek more funds to employ addi?
reserves
required to be main¬
Wiley R. Reynolds, Comer J. Kim¬ Bay transit system, Mr. Lundberg
tional conciliators.
tained by banks, trust companies,
ball, Walter S. Leeds. J. Kenneth has served as President of the
The Associated Press reported
private bankers and
industrial
Williamson,
Bert Winters and California State Chamber of Com¬
that
Mr.
Schwellenbach's
ap¬
banks; rebates upon the prepay¬
Bert Teed.
*
1
merce
and
of
ment
of
discounted
instalment pointees to the advisory Commit¬
the; Oakland
The directors voted a monthly
tee are: '
;
loans: corporate dissolutions, and
dividend of 12 cents per share Chamber of Commerce and also
certain aspects of the power of
David
Sarnoff,
President
of
($12,000) to stockholders of rec¬ served as President of; the Amer¬
savings and loan associations to Radio Corporation of America;
ord as of the 23rd of each month ican Transit Association and the
make loans.
Vincent P. Ahearn, Executive Sec¬
^
through June 23rd.. payable on
"The proposal
concerning - re¬ retary of the National Sand and the first day of th£ following California Transit Association.
Eric A.- Johnston, President of
serves
would dispense " with the Gravel Association; Clarence O.
month, v An extra dividend of 5
known
as
inflation."
(
Banking
The
.
#
,
,.
need for certain
culations
made
in
which
complicated cal¬
must now be
computing
reserve
re¬
quirements,
without , materially
affecting existing practices as to
the manner of holding reserves. It
suggested that the Bank¬
is also
ing Law be modified to place pri¬
vate bankers oh the same basis
as banks and trust companies with
respect
high at
1944.
•,
It is added
the
doubled,
■
tion.
with its
size
of the Banking
quidation Bureau
Banks,
of
ent
"The
savings
•
Bell,
V.
liott
1U7%,.compared with,a
$25,700,000, or 8.68% in
the corresponding period of 1944.
Mr. Bell says that 1945 marked
the close of a chapter for the Li¬
gain of
post¬
Items About Banks, Trust
and
'
to
Qr
onsibilities
of
S
♦
v
re-
foreign agencies taken
clarify the position of!
the Superintendent in connection
(Continued from page 618)
with suits required to be main-,
tant Vice-President; W. C. Dietz
tained in the course of the liqui¬ surplus," '$1,900,000; % undivided
profits, $375,000, and reserve for advanced from: Assistant Vicedation. ,v.y
over
Bell Reports
Face Post-War Years,
of
Thursday* January 31,1946
"As
to
to
requirements.
reserve
rebates
upon
the
pre¬
payment of discounted instalment
loans, the Department proposes to
recommend
that
the
law
be
require that when a
borrower, who is not in default,
voluntarily repays his loan prior
to the time final payment is due,
amended to
there
shall
be
refunded
to
him
the pro rata
unearned portion of
the interest previously deducted.
"In the matter of corporate
dis¬
solutions, the Department pro¬
poses that the law be amended to
allow the vesting in the Super¬
intendent
of title to
and property in this
the business
State of any
foreign banking corporation of
which he has taken possesion for
liquidation
purposes.
The proposed cmcxxucm would *xxxxpxxx,
amendent wvuxu simplify
the task of administering the as-
Skinner, of Automobile and Avia¬
tion Parts Manufacturers, Inc.; H.
W. Steinkrauss, President of the
share was also
cents per
declared
the U. S,
Chamber of Commerce
record as of for the past four years and Pres¬
Feb. 15, payable Feb. 21, 1946.
ident of 'the Motion Picture Pro¬
Bridgeport Brass Company; Frank
It was reported that a substan¬
P. Fenton, American Federation of
ducers and Distributors, Inc., was
tial increase in deposits had been
Labor
director
of
organization,
made during
1945 of $7,244,000, present to assume his seat as a
Boris
Shiskin, AFL economist;
Richard T. Frankensteen; Vice- raising the deposits to $52,946,000 director of the Bank of America
to
stockholders of
of Dec. 31,
President of the United Automo¬
bile Workers, Congress of Indus¬
as
trial
Organizations, and Clinton S.
Golden, Assistant to the President
$776,070
Lee H.
1945,; while capital for the first time since his elec¬
promotions:
jumped
tion last November.
:
$3,784,000 as of the
At the directors'
organization
same date.
Three officers of the
of
the
United
Steel
Workers bank are still in service, but are meeting which followed, all offi¬
(CIO
J.-'/ expected to rejoin the bank staff cers of the bank were reappointed
Those appointed to the technical during the next several months:
and some new appointments ap¬
they are H. Hood Bassett, Richard
committee are:yy%'^.y
proved for subsequent announce¬
Fred W. Climer, Assistant to the C. Boggs and William H. Miller.
President of Goodyear Tire and
ment.;';"
;V;
Rubber Co.; W. H.
In his annual message to share¬
Winans, of
Following the annual meeting
Union Carbide and Carbon Corp.; on Jan. 8, R. E. Harding. Pres¬
holders, President L. M. Giannini,
E.
B.
Roberts, of Westinghouse ident of the Fort Worth National
observing the transition of indus¬
Electrical and Manufacturing Co.; Bank,
announced the following
Hill, Vice-President of Mc¬
Graw-Hill
J.
,
Joe
Publishing Co.; Robert
Watt, AFL International Repre¬
sentative; Nelson H. Cruikshpnk,
AFL
funds, including reserves,
director of
social
activities; Herbert W.
insurance
Payne,
of
the Textile Workers Union (CIO),
and Nathan Spere, of the United
Electrical Workers (CIO).
E.
President.
was
.
f
to
trial
,
,
activity
to
peacetime
pat¬
,
Clarke elected ViceMr. Clarke formerly
Vice-President of the First
Bank, Albany, Texas;
terns, noted that preliminary re¬
ports
indicated
the
corner
turned in December when
a
was
small
National
W." H.
Peterson,
promoted from
increase
in
manufacturing
Vice-President to Vice- ployment occurred.
Mr. Peterson started
President.
Assistant
in
of
em¬
was re¬
garded as a significant develop¬
bank in 1925 and ment since factory employment
recent years held the position
Assistant Cashier and Assis- normally declines in December.
.
to
This
work in the
@FedFRASER