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fm 3 1
BU6. ADM,
.1
^
LIBRARY
MONDAY
York, N. Y., Monday, January 31,
New
Number 4773
169
Volume
General Corporation
RAILROAD
PUBLIC UTILITY
•
Copy
a
and Investment News
INDUSTRIAL
-
Cents
75
Price
1949
INSURANCE
-
MISCELLANEOUS
-
Adams Express Co.—Annual Report—
income
Compensation
Securities
Other
76,450
Income
Interest
&
int.
,
101
to employees'
of
managers'
fees
112,498
13,707
11,300
10,750
24,231
44,654
13,988
5,727
17,850
11,525
22,809 A
47,133
'<■
-
Exp. of corp.4,rustecs & fiscal agents
expenses
than
other
—_
,
income
Interest
on
10-yr. 41A%
Interest
on
collateral
Interest
on
bank
Provision
4%
45,877
Boston
19,304
104,680
5,558
56,306
Cincinnati
Stock Exchange
65,000
38,000
Cleveland
Stock
income
Net
Provision
Balance
of
Dividends
Net
is
the
the
the
1948
year
San
for
computed
as
for
tnade
Federal
Federal
NOTE—Above
excludes
REALIZED
deducting
NOTE—No
NET
The
GAIN
LOSS
OR
..."
$3,169,711
loss
net
the
net
1,477,187
value
asset
shares
the
Dec.
on
then
of
value
1948,
the
hands
of
1947,
31,
1946
was
Stock and Bond Averages.__i.
A
Miscellaneous Features
per
the
management
future
be deemed
times
and
,.;/vy;y
the
purchase
prices
advantageous to the
COMPARATIVE
v,:y;y;.'
continue
to
such
at
and
STATEMENT
OF
/
ASSETS
'
gations)
U. S.
Govt,
,y
5,853,441
1946
Months
31,532,912
the
1,931,942
150,292
22,974
0.96
NU
2,558,683
153,678
26.287
1.10
$0_Q1
2.641,306
155,250
31,173 /
1.30
0.04
4,574,424
224,015
V 42,754
1.79
0.09
1947
10,913,134
426,387
102,485
4.28
0.37
1948
15,925,737
688,952
176,703
7.39
632,892
172,736
1946
12
3
...
0.95
1945
_
1948
(8 mos.)
"On
76,869
32,935,687
5'/a#
Aid
37,088,327
Investment
Discount
&
Inc.,
Ohio—Pre¬
Akron,
Nil
$22,843
13,304,673
forma
pro
cumulative
completion
'
Com.
$129,463
1944
obli¬
at value
Earned
$1,465,431
3,937,198
80,555
Divs.
Taxes
1943
48
1948
of
0 Per Sh.
Federal
Gross
Income
Purchased
1942
of Member Banks of
and
Pfd.
Net After
Gross
Receivables
48
Statement
31
MARCH
ENDED
YEARS
OPERATIONS
FROM
y'yyy y
$3,758,006
6,902,302
;
of
"Times
Statement of Federal
Condition
Flotations for December
Capital
1947
RESULTS
48
...
Federal Reserve System
r
$2,796,045
share
48
Rales
Reserve Banks
may
as
Exchange
Combined
LIABILITIES
AND
88,905
(other than
Invest,
Foreign
Condition
■
$915,092
receivables
Current
amounts
Clearings..^...
Dividends Declared and Payable
in
shares
each
Redemption Calls and Sinking Fund Notices__48
,s
as of dec. 31
■;, '-:A7:-y;-''vy '
1948
obligations at value____y
additional
such
company.
Cash
Govt,
in
:yy
assets—
U. S.
of
57
47
State and City Bond Offerings
The Course of Bank
outstanding.
($100 par) was changed Into four shares
convertible preferred stock, series A ($25 pari,
cumulative
5'/a%
5#, 4,000 shares cumulative preferred stock ($25
par) was changed into one share of such series A preferred stock. Each
share of 25,000 shares
of class A common stock and each share of
10,000 shares class B common stock was changed into six shares of
new $1
par value common stock.
General Corporation & Investment News-Cover
the three months ehded Dec. 31,
1943,
the company
acquired 20,600 shares of its own stock at an
average cost of $18.82
per share;
for the full year 1948 there were
acquired 61,987 shares of the company's stock.
It is the intention
the
y
cumulative preferred stock
6#
of
on
"'ACQUIRES OWN STOCK—During
of
^yearly compilation.
and
The
share
public.
$27.82
through private chan¬
securities placed
of
nels, United States Treasury financing and other
desired vital statistics are also included in this
of
y
stock
share
per
the
Additional data and comments regarding the
sale
Co.
Express
common
$27.02
was
ing with our regular monthly practice.
28
—37
Transactions New York Curb Exchange.
y
believed necessary.
income tax
asset
Section
Markets.
Over-the-Counter
panies which participated in the placement of
the "December" flotations of securities in keep¬
"'$97,093
$4,545,177
Southern
Exchange
Toronto Stock Exchange—Curb
been
compilation includes a detailed list of the
underwriting houses, banks and insurance com¬
Transactions New York Stock Exchatige____i_28
1947
of
Stock
Toronto
,'^Ay'y
INVESTMENTS
1948
sale
31,
In
provision has
net income.
investments.
$757,666
on
Federal
VALUE—The
no
such
to
ON
>■;
investments..-'
Express Co. at Dec.
1,415,200 shares outstanding
corresponding
purposes,
respect
loss on
or
Adams
the
on
gain
provision for
ASSET
tax
with
tax
31—
realized gain on
""After
income
income
Years Ended Dec.
Net
Montreal Curb Exchange
as
this five-year comparative Summary,
Besides
the
40
41
42
42
43
45
46
.
Exchange
Exchange
Stock
usual custom, we are publish¬
our
ing in the United States for the Year 1948.
--39
40
40
Exchange
Stock
Francisco
Montreal
dividends
of
—
____
St. Louis Stock Exchange
present
amount
Exchange.
Pittsburgh Stock Exchange—_—
intention of the company to elect to be taxed
a
"regulated investment company,'' and since
paid during the year is believed to be at
least equal to the net income (excluding gain or loss on investments)
for
38
Exchange^
Stock
Following
ing in this' issue of "The Chronicle," a com¬
plete Annual Summary of Corporate, Foreign
Government, Farm Loan and Municipal financ¬
39
39
—-___39
Philadelphia Stock Exchange..::
$1,195,766
1,255,609
1,211,726
$0.85, '/
$0.81
1,568,415
$1.14
'
share-
per
_—
Exchange.
Stock
Los Angeles Stock
______
_
$1,259,746
$1,613,559
income_______..._____
50,ooo
:,y
______
paid
income
*It
contingencies-.
$1,195,766
$1,309,746
$1,613,559
for
Exchange
Stock
Chicago
Detroit
'
Exchange—
Stock
170,654
0
tax-.;.
Baltimore
25,613
9,170
"I
income
New
Exchange
Curb
York
30,374
r
(Bonds)
New York Stock Exchange
11,000
Exceed Previous Year's Record
Page
17
,_..27
31
38
—38
(Stocks)
Stock Exchange
New York
11,250
—i
•
bds.
loan
for Federal
Underwritings and Capital Flotations
Quotations
y'yvv
75,712
24,767
'
taxes
debentures.
trust
t-y
$1,809,697
128,678
retirem't plan
..
y
y.
..
Stock and Bond
$1,714,950
fees
...
•
——
$1,890,523
_
____
1948
fn This Issue
.•,
;/
income
Contrib.
Taxes,
6,757
105,860
137,982
Total
Other
3,275
8,627
..
Salaries
Board
$1,697,079
Adamex
from
Corp.
income
Legal
$1,637,592
74,082
$1,805,345
-
1946
1947
1948
Years Ended Dec. 31—
Dividend
stock
common
financing
($1
par).—V.
maximum
on
preferred
convertible
this
of
based
and
basis
and
stock
basis
on
169, p. 202.
to
be
of
0.73"
10.83
of
0.75
shares
17,400
:
ferred Stock Offered—Otis & Co.,
Total
$38,390,350 $42,714,588 $44,860,400
LIABILITIES—
Current
payables and accruals
contingencies
4#
Collateral trust
1.
ferred
"
$39,997
$142,409
97,819
99,644
for
Reserve
bonds, due June
$104,556
59,353
'
.
1947
1,241,500
Collateral trust 4.#
1, 1948
2W,o bank
♦Net assets
bonds, due Mar.
loan
1,633,500
shs.
The
stock of
of
38,252,533
41,097,036
AND:
the
BUSINESS—Company
"'
which is
stock
handle
of
"■Net
Arrow
certain
assets
in
applicable
1947
and
to
1,415.200
1946.—V.
168,
shares
in
1948
and
1,477,187
directors
the
on
holders
Jan.
of
have
$3
record
18,
1949
*>„^n
has also
been
A
Inc.,
surplus
on
and
'■
but
declared
cumulative
March
through
an
initial
preferred
This
l.
March
dividend
stock,
distribution
of
payable
covers
51
cents
March
the
other
used
dealers,
:
are
the common
stock
19.
dividend of 22y2 cents
declared, payable April
to
1
on
holders
of
record
March
15.
Sole Transfer Agent
Appointed—
NCW
transfer
J?rkHKrUSt Co;' New York, N.
agent with respect to
\t
?<?/
169,
p.
a
373.
Y., has been appointed sole
f.OSS.OOO shares of
common
stock,
■
$1 par
y
A,
due
B,
due
on
conv.
stock
"Authorized
version
the
of
NOTE—A
Jan,
3,
be
Bell
System
($1
to
the
the
in
notifciation
(par
lc),
to
Co.,
New
be
with
the
offered
York.
Proceeds
Bank
Co.—Two Vice-Presidents—
Note
and
W.
F. Cloclough, Jr., both members of the
elected Vice-Presidents.—V. 168, p. 2109.
GIVING
EFFECT
American
TO
$400,000
Cladmetals Co.
Supplied 44 Firms With
—
its
In
to
44
first
year
customer
production
of
firms
during
this
1948,
shipped
company
it
made
was
Rosslyn
known
series A
($25 pari
17,400 shs.
"210,000 shs.
shares, including 60,900 shares
convertible
action
of
plan
the
reserved for con¬
preferred stock.
was
approved
stockholders
each
by
American
on
of
350
011
shares
&
Foreign
Power
Co.,
Inc.—SEC
Hearing
Recapitalization March 1—
March
SEC
1
Jan.
with
24
announced
it
that
had
the recapitalization
to
respect
Specifically,
of
ordered
the
inquiry will be made at such hearing
a
hearing
Available
to whether the
St. Louis Listed and Unlisted Securities
Edward D. Jones & Co.
Request
Established
v.
&
Compan y
Established
MUNICIPAL
30
'
Upon
BROAD
Telephone:
STREET
HAnover
2-2600
300
.
'
,
Members
1922
New
DEPARTMENT
NEW YORK
Bell
1871
4th St., St. Louis 2, Missouri
North
St.
4,
N. Y.
Teletype: -NY
Stock
York
Louis
Stock
Chicago Stock Exch.
1-573
New York Curb
Exchange
Phone
Exchange
CEntral 7600
Chicago Bd. of Trade
Exchange Associate
y
on
company.
as
LAUDERDALE, FLA.
oAllen
City 1
com¬
products were made by a .number of
cladmetal while others are using the
development work.
this country devoted to the exclusive
production of cladmetals, this company is concentrating its. production
on Rosslyn
Metal, one of the cladmetals.
Applications using Rosslyn Metal are now being developed in indus¬
tries ranging from aircraft to television.—V. 168, p. 2317.
The
stockholders
share
$2,500,000
UTAH
Metal
by
sales officials. Commercial
companies supplied with the new
metal shipments in experimental
Possessor of the only plant in
pany
4% Mun. Recreation Rev. Bonds
Salt Lake
25c
100.000
FORT
Teletype SU 464
"
SEC
at
Rosslyn Metal in First Year of Production—-
hands
company's
pari.^
cumulative
By
letter of
stock
common
acquisition of oil leases, properties, drilling, etc.
Wittnebel
A.
a
Atlantic Securities
of
ISSUE
1899.
IN
equipment
OFFERING
preferred stock,
500,000
Request
OLDEST INVESTMENT HOUSE
added
OUTSTANDING
Circulars
160 S. Main Street
and
•
recapitalization
1949.
EDWARD L. BURTON & COMPANY
Established
vehicles
and of loaning
property,
1955.
cumul.
Amalgamated Sugar Co.
Analysis
personal
1958....
Series
5Va%
NEW
New
of
debentures:
Common
40.000 shares of $3 cumulative preferred
value.—V,
will
Series
share
per
motor
THIS
4Va#
in
American
Arthur
19 filed
Jan.
Underwriter,
used
Corp., N. Y.—Files With SEC—
engaged in the business
Practically all of the business arises from deal¬
^y.. •,/#■
CAPITALIZATION
to
from
be
on
shares
company's staff, have been
working capital
and be available for
expanding the company's volume of business.
per
20
articles
paper.
PURPOSE—Proceeds
period
share.
will
was
present
its
vyyViy,-
its principal subsidiary
and
new
automobile
1,200,000
formed
business is
which
subsidiary
a
business
yy- y..:;v 1
vehicles
money
of
2425.
p.
Affiliated Gas Equipment, Inc.—Initial Dividends—
The
Services,
war
The company and
motor
The company
for
one
ing in motor vehicle
share
Ohio,
in
-
active subsidiary, Aid Budget Co., 95# of the
owned by the company. The company also owns 100#
has
nominal.
40,445,986
$38,390,350 $42,714,588 $44,860,400
Allied Western Oil
per
incorporated
was
1936.
company
of purchasing at discount and generally dealing in contracts and evi¬
dences of indebtedness arising from the sale at retail of new and used
Total
shares
1,375,500
______
cap.
HISTORY
April 13,
to
1,375,500
applic. to outst.
Cleveland, on Jan. 11
cumulative convertible pre¬
stock, series A (par $25) at par and dividends.
offered 12,000 shares 5%
of
outstanding on the
shares of new
210,000
Bell Teletype
SL 593
2
will
Foreign
of
payment due on Dec.
payments on Foreign
dend
dend
the payment of any interest or principal
Electric debentures pending determination
the impounding of
the $19,500,000 of Cuban
(c)
'
the motion.
income
i
income
Interest
Total income
Salaries
•
-
—
Practically
fees
Directors'
Exp.
bank
on
8,154
*4,500
14,150
15,721
28,000
$553,662
550,000
$0.55
of
paid
j__
—
Earnings per share
taxed
as
a
the
for
income
as
year
earnings.
REALIZED
value
ACQUIRES
SHARES—During
OWN
STATEMENT
months
three
the
ASSETS—
dec.
V'-
..
Cash
-
—i
(other than U. S. Govt, obli-
13,907,311
$25,282
___
17,542,716
applic. to outst. cap. shs.
156,344,233
48,263,204 203,100,000 189,312,852
$1.82 1 Y
$9.20
$7.43
for
$2.33
1948, partly estimated.
tBased on average
outstanding. iDoes not include the company's pro¬
in undistributed earnings of subsidiary companies.
December,
shares
of
interest
Fed.
taxes
Other
Danforth
on
Cerro
the
of
de
Pasco
2,199,771,643
1,770,095,315
189,206,932
42,724,227
46,806,322
taxes,,
oper.
Net
income
50,738,407
254;724,991 *
69,126,741
187,505,133
13,386,159
81,769,063
64,124,566
323,851,732
224,492,665
17,232,164
88,223,581
60,389,168
57,590,164
46,892,402
235,628,151
1,737,783
1,362,759
6,784,426
$164,103,497
4,423,657
55,852,381
income
Net
„
min.
to
corporation
this
45,529,643
228,843,725
159,679,840
ints.
earns,
kwh.,
16,321,000
Hearings
The
SEQ
17 upon
tion
of
and
1948
The
proportionate
directors
the
and
interest
Co.—Declares $1
declared
25
year
Extra Dividend—
dividend of $1 per share
75 cants per share on the
to holders of record Feb. 10,
1, the company paid an extra of 75 cents,
March
on
extra
an
of
regular ,quarterly dividend
both payable March
Last
1949.
Jan.
on
stock,
common
l
of certain
proposed
American's
on
of
its
stocks;
and
common
for compromise
(3)
heretofore announced by the company,
of
American's
assets
among
basis of approximately 82%
the
stockholders.
its
The
per
the
Feb.
security
$6
plan
is
of such assets
The
April
1
|
$6
and
and
$5
offices:
plan
their
before
bonds
due
this
on
usual
15
American
On
Union,
$35.00
account
of
year;
per
the
in
Dominion
fluctuations
in
the
This
of Canada,
of
the S. A. Lynch interest of
bonds, that $12,000,000
road be paid off.
Payment of these
be done only in conjunction wiih a
can
said.—V.
he
1G9,
2.
p.
Office—
Centennial In¬
announced by
Other Pacific Coast offices are located
in
have
Co.,
/William
D.
its wholly-owned stock affiliate,
opened offices in Seattle, Wash., as
and
company
Winter,
Chairman.
and Los Angeles, Calif.
and Centennial write
practically
Oakland,
Francisco,
San
r
Atlantic-Mutual
While
\
•
all
forms
fire insurance companies,
in the Northwest in the
inland marine and fire fields.—V. 169, p. 203.
policies which are common to marine and
the Atlantic
companies plan to concentrate
of
.ocean,
Barium
Corp.—10%
Steel
Stock Distribution—
financing.
outside
will
consideration
given
additional cash dividend
later date.—V. 169, p. 374.
that the matter of an
stated
directors
be
at
a
Corp.—Earnings—
Beech Aircraft
"•
3 Mors. Ended Dec. 31—
Net
after taxes
sh. on 400,000
profit
per
shs
sheet
balance
The
on
Jan.
declared
24
a
quarterly
dividend
preferred
of
$1.12 y2
stock
share on the 4V2%.
declared, payable
per
was
for
Such
accelerated
stated.—V.
169,
earnings
do
depreciation
p.
not
or
reserve
cellations
Corp.
Steel
of
Grace
fields.
pointed
still
and
Atlanta Gas Light Co.—Partial
Redemption—
redemption on March 1, next, at the
101'A %, $67,000 of its first mortgage
bonds, 3% series due 1963. Payment will be made at the Citizens &
Southern National Bank, trustee, Atlanta, Ga.—V. 168, p. 838.
company
has
called
for
I
$38.00 per year.
exchange,
are
ments
■
,
/' /
.
Other Countries, $42.00 per year.
'
not
With
earnings only 6.9%
on sales,
too high at all."
he expected domestic
fourtu
the
in
billings
that
aggregated 9,403,000 tons.
1947
for
stated
also
Grace
quarter
for
$1,032,337,825.
and
$324,761,072
were $389,051,220,
of which were high
totals in 1947 were
of last year
year's total $1,312,556,417,
both
i peacetime
years.
The
respective
the
making
1948 orders on hand amounted to $671,000,000, an
during the period.
Of the total, $254,000,000
shipbuilding contracts.
Unfilled orders at the close of
1947 totaled $407,000,000, of which $82,000,000
was for shipbuilding.
In the final quarter of last year the corporation spent $28,000,000
on
expansion and improvements, increasing the total for the year
to $83,192,004 and -leaving $90,600,000 still to be spent on authorized
projects
Since the end of the war it has spent about $284,000,000
of
end
the
increase
$9,000,000
of
represented
"
this
for
purpose.
steel operating rate in the fourth quarter of 1948
106.6%
of
theoretical capacity,
compared with 99.7%
preceding three months. The year's average rate was 97.2%
against
99.3%
in
1947.
Bethlehem's annual capacity rose from"
13,800,000 net tons on Jan. 1, 1948, to
14,200,000 tons on Jan. 1,
1949.
It was 12,000,000 tons on Jan. 1, 1947.
The
directors
have
declared
the
regular quarterly : dividend
of
The
company's
averaged
for
the
60
cents
share
cents
60
Feb.
the
on
the common stock, payable March 1 to holders
and the usual quarterly dividend of $1.75 per
1 to holders of record Feb. 23.
Distributions of
share were made on the common stock in each quarter
share on
per
record
of
per
7,
April
'/.■>''
1948.
Period End. Dec. 31—
A:-
.
Total
INCOME
—
income
&
*Prov.
1,312,556,417 1,032,337,825
188,080,585
114,377,050
4,905,423
3,925,219 •
depl. &
for
9,206,996
6,455,100
30,222,602
25,463,455'
62,838,702
19,017,647
152,952,560
84,988,375
25,675,000
6,640,000
62,605,000
33,900.000
37,163,702
12,377,647
90,347,560
51,083,375
$3.97
depreciation
inc.
Net
Prov.
!•
1948—12 Mos.—1947
' $
S
$
$
.
ACCOUNT
1948—3 Mos.—1947
389,051,220 288,347,947
73,706,746
26,360,544
other charges
1,661,048
887,797
billings
Net
bef.
taxes
$1.21
$9.36
$4.98
for taxes based
based
income__
on
Net income for the
period
tEarns.
per
common
•Other
charge
at
Dec.
627,960
than
to
31,
subscriptions and advertisements must be made in New
provided for through
tBased on 8,954,982 shares outstanding
1949, the corporation sold an additional
depreciation on certain
operating expense.
1948. On Jan. 18,
equipment
shares,
(Continued on page
12)
TSw!,]?"«S|
DanaJDompa,ay. ^M.shera,^^ Park P^NewJo^S, »•
remittance for foreign
full
steel export re¬
quirements to be considerably lower in 1949 than in 1948 as a result
of increased steel production in many countries of the world.
Records also were established by the corporation in its steel ship¬
ments for both the
fourth quarter and the full year of 1948.
The
final quarter's shipments totaled 2,814,000 tons and the twelve-month
total
was
9,994,000
tons.
The latter figure exceeded the previous
annual peak by more than 500,000 tons, Mr. Grace noted.
Shipments in the third quarter.-of 1948 were 2,489,000 tons;
in
the final three montns of
1947 they were 2,494,000 tons, and ship¬
extraordinary provision
for inventory price decline, he
sinking fund redemption price of
be
that this company had record earningg
obtain $70,000,000 from issues of stocks and
operations.
its
"earnings
added,
will
out
to
had
maintain
to
bonds
production)
(of
schedule
"our
six months of the year, but I don't know what
after that because the pressure is definitely off."
The
he referred to, he said, have come from both the capital
consumer-goods
1948
he
that
said
happen
Mr.
in
expressing his
than too little
important can¬
orders."
steel
share
The
Net Earnings 76.8%
Dividends—
first
the
cancellations
that
.
'*
1948
—
Grace,
Grace
Mr.
also
'
.
shows total current assets
securities of $4,148,557.
Chairman,
on
Jan. 27 after
"anxiety
whether we're building
too much rather
steel capacity," disclosed that there have been "some
G.
Eugene
include any
202.
$0.80
$14,729,060.—V. 169, p. 2.
1947—Declares Regular
Above
Int.
holders of record March 15, 1949.
R.
Hook, Chairman, further announced
figures indicated that net income for the
1948,
of Dec. 31,
as
Dec. 31, 1948, was
Backlog as ol
cents
issue.
*116,351
Nil
$10,810,775, including cash and government
Total current liabilities were $4,192,086.
of
during
quarterly dividend of 62 Va
1946
$7,546,023
319,858
Y/7V.
•Loss.
V
1947
$6,461,074
1948
$5,658,208
434,077
$1.08
sales
Net
vuu
rates
it.
run
"I conclude the plan is not fair
to the rights of the
Atlantic Mutuai Insurance Co.—New
Rate Increased—Earns.
Corp.—Dividend
convertible
S' E"tent °K >ce> WJU'am B.
^^
A
under reorgaaization since
to
dividends.
the last
UIHVVbA
date
reorganization,
of
135 S.
second-class
! WOTJE:
of Trans-Arabian
Vice-President
a
preliminary
unaudited
year 1948, after
all charges, would be approximately $32,000,000.
This would be equal
to approximately $8 per common share after provision for preferred
annum
per
including
wn.iamTaenaal-and
|^g
made
been
affiliate.—V. 168, p. 2110.
an
directors
Charles
will also receive cash at the
per share, respectively, for the period
quarterly dividend payment date prior to
the effective date, to but not including the effective date.
On the effective date of the plan, American's preferred and common
stocks,
representing American's other assets including the common
of
also
has
Steel
cumulative
of par¬
approved
preferred stock and $5 preferred stock
rate
from
has been
1947,
share on the common stock, payable March 15 to holders of record
15. Previously, quarterly distributions of 50 cents per share were
made
and approximately 18%
The proposed percentages
is
also
petition by
a
CONSOLIDATED
preferred.
the
Davies
Armco
/
by the Commission and a U. S. District
Court, American's holdings of common stocks of Florida Power & Light
Co., Kansas Gas & Electric Co., Minnesota Power & Light Co., The
Montana Power Co. and Texas Utilities Co. will be distributed to the
holders of its preferred stocks
and common stock approximately in
accordance with the foregoing percentages.
The holders of American's
If
since
company.
Pipe Line Co.,
ticipation as between the $6 and $5 preferred stocks result in approxi¬
mate ratios of six for each share of $6 preferred to 5.05 for each share
of $5
charge of production
elected Executive Vice-President
Davies, who has been Vice-President in
A.
exploration
this
Mr.
and $5 preferred stockholders
to American's $6
to
of
claims.
distribution
and
is
last year.
announced that hearings would be reconvened on
plan filed by the company (1) for distribu¬
assets to holders of its preferred stocks and common
the amended plan,
allocation
holders
2534.
Arabian American Oil Co.—Official Promoted—
Fred
and
24
reclassification
for
settlement
Under
and
in part:
against the
bonds
mortgage
At
in net earnings of Western Electric
Company and all other subsidiaries not consolidated (partly estimatedi.
tlncludes $2,239,000 on account of tax refunds due to carry-back of
excess profits credits in 1946 —V. 169, p. 374.
tlncludes
the System inputs of subsidiaries
254,035,000 kv/h., an increase of
the corresponding week of
over
denied
also
Sibley
Judge
the amended
certain
(2)
stock;
$7.62
$10.21
$2.13
$2.41
_>•/
share
Amended Plan—
on
Jan.
Feb.
6.87%,
or
Joe
Florida
Miami, owners of a block of Florida East Coast
levels
per
20, 1949,
to
East Coast
Florida
the
over
Net
stock
*Consol.
31
amounted
St
of
concern
refunding bondholders."
Applic. to A. T. & T.
Light Co.—Weekly Input—
week ended Jan.
the
For
36,987,532
24,178,899
deductions.
together with the usual quarterly of 75 cents.—V. 168, p.
of
170,513,503
15,515,552
(net)
income
Total
and Treasurer of this corporation,
to become Assistant to the President
Copper Corp.—V. 169, p. 373.
American Power &
71,657,692
.
66,253,511
income,
oper.
Interest
Secretary
Starr,
effective I Jan.
Worth
paper
equitable and' does not afford due recognition
Mr.
Official Resigns—
Airlines, Inc
has. been
Judge Sibley's opinion said
and
and
674,101,844 592,987,668 2,599,182,376
534,776,401 479,834,196 2,053,315,695
inc.—
26,265,610
19,690,838
101,934,758
expenses,
American Tobacco
resigned
take
to
will
1948—12 Mos.—1947
revenues,
Operating
3,850,000
985,700
to
Overseas
American
H.
EARNINGS REPORT
CONSOLIDATED
SYSTEM
Operating
18,832,759
outstanding capital shares in
1,000,000 shares in 1947 and 1946.—V. 168, p. 2426.
has
9,936,320
Period End. Nov. 30— 1948—3 Mos.—1947
Dec.
$17,567,998 $18,753,272 $22,725,000
—
applicable
assets
•Net
39,066,059 207,620.000
share—.
BELL
$42,241
$45,741
——_
18,707,532
The
.«-•,
through
Co.
loan_
Total
and
54,180,000
A_
per
•Figures
17,093,493
13,607,055
line which
Interstate
A hearing
was held in Federal
Court several weeks agoNat which
opponents and proponents were heard concerning the ICq reor¬
ganization plan which in 1947 granted the Atlantic Coast Line's request
192,312,751
35,968,513
52,250,000
portionate
——$17,567,998 $18,753,272 $22,725,000
•Net assets
46,170,000
11,370,000
.
payables and accruals—
bank
3%
49,002,379 253,790,000
80,000
211,801
(net.)—
income
number
1946
$2,008,976
3,501,772
120,758
3,999,445
72,628
bonds.
the
Font-owned
$45,000,000
of
refunding
of the
du
'
14,036,431
,
399,327
3,803,305
65,550,000
tEarnings
LIABILITIES—
Current
\
16,800,000
280,000
3,310,000
Dividends
tOther
1947
$1,074,145
majority
a
to
\
.
the
for
time
36,286,760 204,590,000 150,320,564
:v 56,190,000
income
deductions
tNet
■
out¬
asset
then
ended
.
at current value—
—
owns
and
yd an
merger
\
victory
a
1931.
27,556,429
32,120,000
8,700,513
5,970,000
income
Applic
Total
3,220,000
-.
—
income
income
Other
i
$528,895
3,050,334
81,457
—-
receivables
gations)
3i
1948
at curr. value
U. S. Govt, obligations
Invest,
income
Interest
AND LIABILITIES
ASSETS
OF
of
as
Current
oper.
Dividend
the corporation acquired 5,600 shares of its own stock at
an
average
cost of $12.19 per share; for the full year 1948 there
were
acquired 14,300 shares of the company's stock,
it is the in¬
tention
of the
management to continue the purchase of additional
shares in the future at such times and prices and in such amounts
as
may be deemed advantageous to the corporation.
COMPARATIVE
seeking control
Earned
1948,
31,
3,760,000
•
outstanding.
first
Bethlehem
1948, was $17.79 per share on 985,700 shares
hands of the public.
The corresponding net
31, 1947, was $18.70 per share on 1,000,000 shares
Dec.
on
Net
be
the
1946
the
in
taxes,,
'
53,675,248 226,410,000 201,178,132
37,624,205 161,770,000 145,797,244
4,961,000
20,320,000 " 17,120,000
.2,389,530
12,200,000' 10,704,459
55,460,000
42,510,000
____
income—
on
oper.
Total
31,
Dec.
at
taxes
$
$
$
•<£
Other
value of the company's common
net asset
ASSET VALUE—The
NET
stock
standing
which
The
:' *1948—12 Mos.—1947
*1948—3 Mos.—1947
Operating revenues
Federal income tax believed necessary.
provision for
NOTE—No
Co.
Jacksonville has ruled against a
Florida Ea^t Coast RR
with the
the
returned
represented
ruling
Coast
East
(COMPANY ONLY I
ACCOUNT
INCOME
m
i
Fed.
$1,569,731
$1,294,962
$328,085
investments—-
realized gain on
$1 800
;
Period End. Dec. 31—
v"'
Interest
1947
1948
Years End. Dec. 31—
Net
value
a
pulpwood cars,
in
bankrupt
He
Commission.
Commerce
Paper
the
of
Line.
Coast
Sibley
Samuel H.
merger
Atlantic
INVESTMENTS
ON
LOSS
OR
GAIN
have
to
following:
50-ton
locomotives
Judge
proposed
or
investments.
excludes gain or loss on
NOTE—Above
is
the
of
needed,
earnings
additional
obtain, the
COMPARATIVE
:V ■/
^
less dividends paid during the year.
poses
trust
145
The
directors on Jan. 24 declared a 10%
stock dividend on the
applications ate pending
j'common stock, payable March 15 to holders of record Feb. 28.
\
before regulatory bodies for increased rates amounting to over $260,Although the consolidated earnings of the corporation for the year
G'00,000 annually and additional applications will have. to be made.
1948 were the largest in the history of the corporation and the cur¬
A large number of the companies have
recently increased wages and
rent outlook appears to be favorable,
the directors decided to pay a
others have negotiations under way.
V*
">'• '. V :' . ..
:
: i stock dividend at this time in lieu of cash,Mn view of the large ex¬
Rates for telephone service are still low.
The increases, asked for,
penditures which have been made for plant improvements and in¬
together with those already granted, are far less than the, rise in prices,"
creased productive facilities, the announcement said.
These expendi¬
generally -and far less also than the increases in telephone wages and
tures were made entirely out of corporate funds without bank loans:
other costs of providing telephone service.
'
/'''VYY'Y;Y'Y;
income tax is based on the amount of
computed for Federal income tax pur¬
for Federal
provision
current
net
the
is
the
consist
cars,
Merger Plan Rejected by Court—
surance
$0.60
_
present intention of the corporation to elect to
"regulated investment company" for the year 1948,
it
•Since
■
$172,000,000
Operating expenses
Dividends
'/
the
Of
1957,
necessary
To
$601,180
550,000
income taxes.
income
Net
■
the need for earnings sufficient to attract
company's $357,532,600, 2%% convertible de¬
have been converted into stock of the
company since March 1,
1948.
The conversion price is $140 a share
payable by surrender of one $100 debenture and $40 in cash.
Including
;the 2%% convertible debentures of 1961,"there are nearly two-thirds
of this company's convertible debentures still out, and most of these
would be converted into stock with telephone rates adequate to produce
the
in
will
50-ton 'hopper
o4nr£alSen^' C^rf' ?*£ 21,00° h-P- diesel passenger locomotives and 12
diesel freight
through bond
,
.
emphasize
capital.
bentures
12,956
123,312
28,000
$688,361
653,746
otherwise.
or
facts
These
equity
30,550
*
loan--
for Federal
conversions
8,419
29,007
15,026
L
taxes___*
Taxes—other than income
Provision
7,884
31,117
$0.69
;_i~:
from the issue of stqck
that the greater part of this come
5,000
/
custodian
of
debt, raising the proportion of debt in the System to about
heavy construction program will continue to require large
of new capital.
Sound financing for the long run requires
Equipment to be included
3,000 h.p.
first
1948 was in the form
obtained in
the new money
all
•'
:
27 for bids to be received
certificates. The offering will
trust
The
amounts
9,016
8,200
5,000
1 — —
transfer agent &
Other expenses
Interest
12,305
7,800
5,475
,
-
,
fees
of registrar,
Legal
52%.
$902,803
76,168
2,138
12,700
employees'retirem't plan
Contribs. to
T'
•
.
long-term
<
$760,786
86,988
—--i.—
'
1948, there are still
in
000.
1946
$876,122
25,196
1,483
$860,089 '
92,888
;
income
Other
'
expenditures of nearly a billion and a
1,150,000 people waiting for service.
Over 10,000 new telephones are being installed each working day and
we are continuing to add toll circuits to provide faster .intercity service.
During 1943 the Bell System secured more than a billion dollars of
new capital to
carry forward its program to meet demands'for service.
In the fourth quarter this company sold a 25-year debenture issue of
$150,000,000, while two subsidiaries sold debt issues totaling $135,000,-
of
1947
$712,280
39,506
9,000
''Y
construction
record
of
The
709,000
years.
dollars
certificates.
Federal
&
Telephone
$10,665,000 in equipment
for
7
represent the first instalment of a proposed. $19,350,000 in l-to-15 year
:»
,
"V
Despite
half
on
1948
$818,515
41,574
—
.
,
than
.
Corp.—Annual Report—
American International
Years Ended Dec. 31—
169, p. 373.
prewar
denied the request for suspension of inter¬
est payments
(the Jan. 22, 1949 interest payment on Foreign Power's
$30,000,000 3% serial notes) stating that it is not necessary or appro¬
priate that such interim relief be granted, particularly because Bond &
Share is a
registered holding company subject to the Commission's
jurisdiction and has an interest in Foreign Power sufficient to permit
appropriate adjustment in the event that it subsequently appears that
any amounts may have been improperly paid to or received by Bond &
Share from Foreign Power or its subsidiaries.—V. 169, p. 202.
Dividend
1,000
telephones were added in the last three months v.
of 1948, the total gain for the year being over 2,860,000.
There are
now nearly 31,400,000 Bell telephones.
Overall service is the best since
the Commission
However,
$21,500,000 and
cars,
More
$19,500,000 of
Power the
than
box
in part:
.
Bond & Share to deliver to Foreign
Electric debentures held by it; and
(b>
less
Telegraph Co. — Quarterly
Statement—Leroy A. Wilson, President, on Jan. 6 said
Bond & Share s
serial notes until the preferred stock divi¬
15, 1948, is made and all subsequent divi¬
Power's first preferred stocks are on a cur¬
basis;
rent
Cuban
not
wholly-owned
American
for an order requiring:
all further interest payments on
Foreign Power
of
holdings
RR.—Equipment Financing—
invitations Jan.
50-ton
V.
Power
(a) the deferment of
out
subsidiaries, are to be compromised, settled and
discharged upon the making of a capital contribution by Bond & Share
to American in the amount of $2,500,000 in cash, and the payment by
American of certain specified amounts to certain of its subsidiaries.—
Johnson Group," representing
second preferred stock re¬
questing an order suspending and impounding interest payments on
$30,000,000 of 3% serial notes of Foreign Power owned by its parent,
Electric Bond & Share Co., as well as payments of interest by Cuban
Electric Co. to Bond & Share; and (2) a petition by C. Shelby Carter
et al, as a committee for the holders of the $7 and $6 first preferred
stocks
Line
sent
company
t
Feb.
Share's
$7
Power
'ih
American's stockholders approximately in accordance with the
foregoing percentages.
.
•
>
Various
claims
as
between American, certain of its present and
former subsidiaries, Electric Bond & Share Co.
(parent), and Bond &
among
"Norman
Foreign
the
of
the
of
motion
and
holders
certain
reclassified
be
Coast
no
Water Power Co. and Pacific Power
Light Co.,
into a single class of new capita! stock, divided
stocks of Washington
ordqr of Nov. 19, 1947, approving the amended plan for
recapitalization of Foreign Power should be vacated and whether an
order should issue directing Foreign Power to take appropriate steps
to bring its security structure into conformity
with the standards of
Section 11 (b) (2) of the Holding Company Act.
The amended plan had been approved both by the Commission and
the District Court in Maine.
Because circumstances thereafter arose
"from which it appeared to the Commission that consummation of the
necessary financing within the framework of the amended plan
.• . .
was
not then feasible,"
the courts had remanded the proceedings to
the Commission at its request.
At the March 1 hearing, the Commission will
also consider (1) a
Commission's
petition
Monday, January 31, 1949
FINANCIAL CHRONICLE
&
COMMERCIAL
THE
(486)
York funds
Volume 169
Number 4773
THE
The
COMMERCIAL
&
FINANCIAL
CHRONICLE
(487)
3
Capital Flotations in the United States During the Month of December
And for the Twelve Months of the Calendar
Year 1948
Total corporate issues for the month
of December ag¬
gregated $630,719,965, compared with
$458,524,576 for
November, and $1,015,705,814 for December, 1947. Of
the
month's
total
$627,498,105
99.5%
or
34
27.9%
money and $3,221,860, or 0.5% refunding.
Thus, the;
trend of financing held to the same
pattern for the 29th
month, showing new money greater than
operations, with the exception of May, 1947.
The principal issues for December
were:
American
Telephone
debentures,
due
&
Dec.
1,
of
$50 note
one
share
one
of
stock
No. of
Month—
Amount
Decemoer
August
July
I——_
:
May
:
Refunding
the total
for the
was
month
new
New
1948,
2,590,000
Capital
$
was
1947
AND
374,714,374
261,409,489
Total
107,035,204
186,843,822
312,323,947
30,923,566
139,824,303
113,723,057 1,638,189,614
-
562,725,792
-50,212,500
381,550,874
595,197,598
4,080,750
28,896,829
1,539,474,264
83,198,079
.
i"
.
.
New Capital
760,577,258
277,783,073
■
...
129,503,023
307,169,645
311,739,477
697,736,056
392,762,791
671,103,991
350,651,431
614,269,659
1,737,833,604
'V 793,083,035
1,884,141,203
261,450,941
484,501,869
125,726,255
.-112,461,407
239.493,152
18,743,019
442,924,576
4,525,169,838
647,242,184
458,524,576
1,698,921,846
37,564,879
946,003,815
1,736,486,725
270,711,824
387,863,595
1,278,801,795
907.782,367
685,420,543
87,318,960
561,795,430
69,701,999 1,015,705,814
4,831,046,013
277,058,031 6,261,656,563
146,341,»25
702,592,565
73,168,350
1,551.786,186
Classification
Jan.
1948
Add
Jan.
1948
Add
Public
City
Feb.
Add
Feb.
1948
Deduct
Mar.
1948
Add
Mar.
Equip.' Mfrs
1948
1948
Other
Ind.
Public
Utilities
&
Other Ind.
;
&
Mfg._*
*
Mfg.—_
Public Utilities——*
Mar.
1948
Public Utilities
Add
Mar.
1948
Other
&
Add
Mfg.-"
Mar.
1948'7
Miscellaneous
*
Mar.
Ind.
1948
Mar.
1948
Other
Mar.
1948
Public Utilities
Add
May
1948
*
Public Utilities
Add
Add
Add
Add
':
May
Other
1948
Add
,
June 1948
June 1948
Deduct
Deduct
Add
Add
June 1948
July 1948
Sep.
____-*
&
Mfg._*
& Mfg._*
Utilities
*
Utilities——_*
Ind.
&
Mfg.—
Ind.
&
Mfg.—
Other
Ind.
&
Mfg._*
Other
;
Aug. 1948
Add
«
Other
July 1948
July 1948
Add
Public
*
Mfg.."
Other
June 1948
Add
Ind.
Other Ind.
Public
r-
&
Miscellaneous
May 1948..
Add
Ind.
Ind.
&
Mfg.-"
Public
Utilities
—"
Public
,
Utilities
"
' Other Ind.
1948
Co.
1,
Of
&
Mfg.-*
1st
Express Co.
mtge.
1
—
2.6%
3Vb1c
B
I-,-,--:
bonds,
:
■
certificates
Power
Co.
1st
Stores, Inc., 3%%
Davison Chemical Co.
McAleer
3'/2 %
mtge.
bonds,
River
Gas
Works
note
notes,
600,000
A
5%
Kearney & Trecker Corp.
convertible
'
"•
'
'•
1
'
1
'
'
:
\
Add
Apr.
1948
Miscellaneous
*
Southwestern
Co.
4V2%'
sub.
•
1948
Jan.
1948
.Add
Add
Other
Ind.
&
Other
<-
Ind
&
&
Mfg.—
750,000
148,000
i
i_-
for
the
Mfg.-*;
Mfg.-*
Jan.
1948
Other
Ind
May
1948
Public
Utilities—*
■■'i''iv"■>
Deduct June 1948 '
Deduct June 1948
Other
Ind.
&
Mfg.—.
Other
Ind.
preferred
stock
Standard Tube Co.
&
Mfg.„
Add
Miscellanous
Super Electric
July
1948
Add
Sep. 1948
Deduct Sep. 1948
Deduct Oct.
*
Miscellaneous
Other
.
Ind.
&
Mfg.—
Miscellaneous
par)
15,000
stock
1_
41,439
shares
class
B
common
1943
750.000
1941
—
1937
300,000
(par
cum.
740.000
pfd.
(par $1)
$100)
(par
$1),._
common
Western
Pioneer
(no
par)
:
Automobile
.'
Insurance Co.
18,000
Calendar
15,000
com.
shs.
:
(par $10)
1948
Jan.
1947
Public
Utilities
'
Add
Jan.
1947
Public
Utilities-——*
Add
Feb.
1947
Public
Utilities
"
Add
Mar. 1947
Other
Ind.
Add
Mar. 1947
Public
Utilities—*
Add
Apr.
Public
Utilities—__*
Add
Apr.
1947
Public
Utilities
Add
Apr.
Apr.
1947
Miscellaneous
*
1947
Public
Utilities
*
Utilities
*
Add
1947
&
Mfg._*
*
Add
Apr.
1947
Public
Add
Apr.
1947
Public Utilities——*
Add
Apr.
1947
Add
May
May
1947
May
1947
Public
1947
Add
Add
Utilities
_*
Miscellaneous
•
*
Miscellaneous
*
Other Ind.
*
&
Mfg.—
.
....
-
(Continued
on
.-
i
page
6)
INCL.
CANADIAN, CORPORATE
$439, 415.095
4,937, 839,620
1944—t—•—
2,669, 224,000
1943
410 630,640
907, 077,500
913, 122,350
2,319 675,200
2,434, 645,300
130, 710,988
110, 158,408
219, 228,275
1942
100,000
360,000
1941
1935
$2,600,000
1,268 428,380
1,036 481,389
1,673, 283,500
4,064, 041,600
2,116..597,775
1936
Refunding
846 281.257
4,570, 411,800
1.962, 249,000
2,042, 783,895
1938
New
,4.801 809,634
1934
456 .493,100
$500,000
246, 315,690
161, 158,178
78 560,510
468 395,208
285
840,364
123 ,650,746
ISSUES
Common
Stocks
1945
-
!.
Stocks
$5,326, 271,795
—
Total
$495,969,673 $5,934,456,563
659,154,129
6,276,745,020
804,337,001
6,508,777,181
278,823,945
6,200,881,482
101,223,891
3,121,828,531
43,079,643
1,060,618,131
.18,817,643
1,042,098,401
79,901,271
2,618,804,746
81,616,848
2,762,577,838
72,759,242
2,116,666,420
19,087,784
2,140,432,189
292,013,451
2,433,692,159
282,063,717
4,578,945,681
27,180,244
2,267,428,765
31,402,899
489,894,449
Preferred
513,500
Allocation of Proceeds
United Telephone Co.,
Inc., 1st mtge. 25-year 3%
series A, due Jan.
West Virginia Water
1, 1972
Service Co. 1st mtge.
3V4% bonds, due 1975—
:_
Laclede Gas Light Co. 1st
mtge. 3V2% bonds, due Dec.
1, 1965
Animal Trap Co. of
America 15-yr. 3V4%
instal. note, due Feb. 1 1964—
Florida Telephone
Corp. 1st mtge. 3Va%
bonds, series C, 1971^
Southeastern Public Service Co.
1st and coll. trust
4V4% ' bonds ~1959—"I
Arkansas-Missouri Pacific Co. 3Vz%
sinking fund debs., due April 1 1972
Contract Purchase
Corp. 3d series 3V2% sub. deb?:; d'^
1956-1962
Delaware River Water
Co. 1st mtge. 31c
bonds, due- 1977—
Houston Natural Gas
Corp. 1st mtge. 2.8575 skg. fund
bds.
series of 1947
Lakewocd Water Co. 1st
mtge. 3% bonds, due 1977
J„'
Wisconsin Hydro-Electric
Co. 1st mtge. 3V8 %
bonds, due 1972
American Investment Co.
of Illinois 2V2%
skg. fd. debs., due Dec. 1.1956
Employees Credit Corp. 4% sub.
skg. fd. note, due serially to Mav,
1957—
High Point Overall Co.
21/2-4% skg. fd. debs., due
serially to 1957——
110,158,4Q8.
219,228,275
246,315,690
161,158,178
78,560,510
468,395,208
270,840,364
123,650,746
3,198,450
1947_
1937
Name of Issue—
*
;
149,700
475,000
1940
Add
I
;
Common
Stocks
1,268,428,380
1,033,817,917
410,630,640
130,710,988
Notes
1939
Classification
classi¬
$260,938,030,
ISSUES
.Preferred
1946—
Long-Term Bonds and Notes *
Month
CORPORATE
214.317
1947
v
for
tabulation of the annual
corporate fig¬
15 years
according to each type of
Bonds and
Years
5%
:_
a
DOMESTIC AND FOREIGN,
2,000,000
1,500.000
stock
re¬
of the 1948
figures may be
additional private
financing is
$439,415,095
846,281,257
1944
2,500,000
t
$1 conv.
Products
com¬
$518,706,100.
$4,999,071,795
4,771,309,634
4,435,961.800
4,883,239,629
2,609,974,000
886,827,500
913,122,350
2,319,675,200
2,434,645,300
1,882,749,000
2,042,783,895
1,673,283,500
4,026,041,600
2, J16,597,775
455,293,100
1938
shares
compared
and
against $1,516,preferred and com¬
Stocks
1945
■
Corp. 49,900 shares common stock
(par S2)„__
Piedmont Aviation, Inc.,
475,000' shares of common stock
(pa!r si)
Domestic Credit
Corp. 150.000 shares (par $1) class
A common stock—
Mathieson Co., Inc., 5,000 shares
6%' pfd. (par
$20) and 1,000 shares
of
1948
(no
of common
long-term
as
accounted
up
Notes
1939
(par $5)
as
DOMESTIC
1935
Georgia Hardwood Lumber Co. 15,000
shares
Gas, Electric Light & Power Co.
preferred
both
Bonds and
1934
Tucson
of
corporate
past
I
1946——
2,000,000
6,000,000
500,000
1950-1951_,
Revisions
particularly
1948
1,847,500
1
Constitution Publishing Co.
20,00o common shares
Georgia Hardwood Lumber Co.
100,000 shares
the
„'r;
Years
'
Stocks
Jan.
Add
of
of
one
dropped well below the totals
miscellaneous,
financing.
1936—:.
Deduct
while
$935,384,768,
sale
1948
$5,326,271,795
Calendar
1,500,000
notes
'
;
debs., "series B,
1947,
The
1948
to
end
was
of
1944.
emissions for
amounted
in
wave
of
operations
the
1945, which
1945 and
miscellaneous added
security:
400,000
Short-Term Bonds and Notes
Investment
31,
after
companies
under
Following is
300,000
•
fied
1940
'
in
aggregated
in
1946
con¬
against
ures
5,000,000
15-year Vh 7c
& Hass Co. 3%
promissory note, due July 1, 1963——Li
United Telephone Co. of Pa. 1st
mtge. 3V2% bonds, series
California Pacific Utilities Co. 1st
mtge. 30-year 3V2% bonds
Rhinelander Paper Co. 3V2
7c-35/b'/o notes, 1953-1963
r*
Dec.
on
brought to light.
400,000
1958_
participating
promissory note_i
Rohm
in
As
new
exception
refunding
early
corporate
1947.
has been
the
or
refunding.
$1,486,-
and
total
necessary,
150,000
2,000,000
7
_____/
—
notes, due May. 1, 1968-^
Inter-Mountain Telephone Co. 1st
mtge.
sinking fund bonds, 1970
Segal Lock & Hardware Co.,
Inc., ,6%, convertible skg. fund
debs., 1963
Super Electric
series
issues
corporate financing for 1948 the
largest
$2,965,269,857 or 47.3%, went to public utilities
$3,122,787,065 in 1947; other industrial and
manufacturing came next with
$1,148,402,561, or 18.0%
compared with
$1,476,399,157 in 1947; oils took up $741,384,015, or 11.8%, ail increase over the
$533,830,274 re¬
ported in 1947; railroads
accounted for $626,956,000, or
10.0% as against
$269,650,000 the previous year; all other
classifications, with the exception of
as
rate
1,500,000
3,500,000
2,000,000
3%%
Products
for
Below
295,000
1978
loan, due Oct. 31, I960—i.
due serially to
May 1, 1958
Manufacturing Co. 10-year 41/2%
Fall
sur¬
we present a
tabulation of figures since
January,
1946, showing the different
monthly amounts on corpo¬
500,000
.
&
security
76.4%
or
contributing to the
notes
in
the
while
1,500,000
Cuneo
Electric
total
stocks
Of
.
Refunding
5,000,000
Press, Inc., 20-year 3% sinking fund
debentures—
Family Finance Corp. 3V2% subordinated
sinking fund debentures, 1962—
Florida Telephone
Corp. 3V2% 1st mtge. bonds, series
D, due 1971
(H. K.)
Porter, Inc., 15-year 4% mortgage loan__L_
Shod
came
$5,984,598,532,
was
refunding operations
ported for 1947.
v
$1,000,000
10-year 33/4% note——
United Telephone Co. of Pa. 1st
mtge,'3Va7^ bonds; series A____
Machinery Corp. 1st mtge. convertible 6%
bonds, 1958
Central Louisiana Electric Co.
1st mtge. 3 V2 %
bonds, series C, 1976
Central Telephone Co.
15-year sinking fund debentures
Berland
4.5%
or
past 29 months with
The
contraction
in
stocks
mon
1QT.KR1;/
due
American
Savannah
II which
new
the
and
107,883
1,824,567,968
■
>
equipment trust
Ray-O-Vac Co.
series
securities
portion
New
Chattanooga
its
unconditional
totaled
$4,831,046,013,
$4,801,809,634
mon
Allocation of Proceeds
of
the
with
1948 and 1947:
1977—.
Fruit Growers
Add
Add
Water
Nov.
for
chief factors
bonds
3,564,441,065 3,087,628,616 6,652,069,681
Name of Issue—
Utilities.^.,
of
War
the
from
purposes
refunding operations
Long-Term Bonds and Notes
Month
Add
with
proceeds
money
noticeable
profits tax
excess
804,521,175
272,781,782
conclusion
year,
new
1947.
became
343,853,111
fine,
113,297,492
£
1948
1942
May,
■
NOTE—The following changes have been
made in the years
sale
Japan in August of 1945.
the
for
tinuous
1,610,374,932
^ 7*9
successful
money greater than
820,545,112
472,389,142
3r*,*4U,o"jo
104,757,061
691,223,683
1,486,871,504 6,317,917,517
;r
451,493,579
270,684,761
234,443,879 2,262,921,787
incurred by the Treas¬
public
871,504, or 23.6%, respectively for the
year
1947.
already mentioned, the trend of
financing showing
2,012,654,879 2,814,846,834 4,827,501,713
77,422,920
2,028,477,908
a
the
1,252,427,625 4.054,995,730
607,997,623
474,476,470
630,719,965
15,600,000
3,221,860
627.498,105
2,802,568,105
the
1947;
This compares with
1,414,518,213 2,207,601,248
369,051,533
367,632,081
171,038,753
360,374,893
918,426,902
through
to
During
1,104,872,512 2,112,254,269 3,217,126,781
620,226,376
122,187,231
158,250,417
265,676,364
42,572,016 1,264,307,881
5,984,598,532
892,052,732 2,776,193,935
494,500,121
1947, $6,317,917,517.
above
95.5%, while $277,058,031,
665,211,295
737,105,105
1,123,563,945
518,355,071
in
used
682,652,434
859,737,519
1,622,672,343
2,090,000
25,757,281
1948
render of
1,009,525,533
463,313,960
624,094,427
14,724,735
and
a
$7,-
$94,158,606,276 compared with $93,111,929,$108,364,006,119 in 1946; $159,250,090,925
in 1945;
$148,663,630,800 in 1944; $63,182,839,168 in
1943;
$50,409,965,253 in 1942, and $11,512,617,001 in 1941. The
huge borrowing by the government
between 1942 and
467
253,874,054
318,978,811
436,672,668
1,038,330,331
537,414,539
in
ury
amounted
Total
119,204,001
271,362,410
289,889,043
188.633,528
314,559,864
628,439,165
months
612,938,292
385,639,624
to the
regard
that
Incidentally, the indebtedness
-+194G-
Refunding
other
with
article.
50.4
47,616,401
80,964,460
4,285,67G,686
Twelve
45.7
19
134,670,053
368,444,693
217,767,388
452,148,250
319,497,872
213,807,327
1,221,735,865
(•v + Revised.
X
38
$
382,349,500
458,744,588
—
45.2
$
217,916,667
523,297,778
503,630,336
259,360,941
quarter
T
1929
were
$10,026,361,129; 1928, $7,817,877,031; 1927,
1946 was the direct
result of World
196,921,136 3,260,861,957
3,063,940,821
Fourth
52
$101,461,908. of which $99,-
.
April
December—
40.4
$
561,972,304
May
November
22.9
r
1940
$
....
October
24.3
34
their magnitude
figures it should be noted
government, municipal and farm loan and
government agency
figures are excluded from the above
totals, but are shown
separately in our compilation
given on another page of this
financing and $2,021,813 refunding.
Refunding
701,502,936
"
June
28
The
the order of
of
With
here
to
14,091,516
'
'
30.7
36.2
46
of
one
319,195,804; 1946, $6,652,069,681
54.6
,
30
■
Total
97,041,541
1,524,466,557
'
•'
,
record
Municipal issues for December footed
up $128,914,794,
which $125,943,362
represented new money and
-$2,971,432 refunding. For the
corresponding month of 1948
547,880,788
quarter
.
years
56.9
34 '
"
in
27.9
*
•
of
604,461,395
—
16
as
the most
noteworthy in history.
Only in five other years,
according to our records, were
the 1948
.figures of $6,261,656,563 exceeded.
f1947
Capital
372,124,374
March
ever,
49.4
34
316,298,750
283,117,000
172,300,000
February
January
$
First
—__
__—
March
SUMMARY OF CORPORATE
FIGURES BY MONTHS
f!948
J*
—
1
„'
April
at
440,095
JanuaryFebruary
or
Total
29
149,175,000
142,905,000
187,763,000
151,910,000
88,425,000
247,930,000
_
September
June
29
368,981,500
——
—
.
New
corporate securities placed in the United States
during the full year of 1948 amounted to
$6,261,656,563.
This rate of
financing was slightly lower than the $6,317,917,517 reported for 1947. The 1948
figures, how¬
rank
% of
Issues
$176,549,300
226,674,995
^
November
October
$52.50
per unit and 2,250,000 common shares
offered at $10 per
share; $46,641,400 Detroit Edison Co. 3%; convertible
debentures; $30,000,000 Panhandle 'Eastern Pipe Line
Co., 3V4% sinking fund debentures;
$16,400,000 Peoples
Gas Light & Coke
Co., 3% convertible debentures, and
$15,740,000 Southern Pacific Co., 2V2 %
equipment trust
certificates.
Results for the Year 1948
New
financing
$2,512,029,545
$150,000,000
Telegraph Co., 25-year 3%%
1973; $60,000,000 Texas Gas
and
the
40.1% of the corporate
financing for this period. Com¬
parisons with the previous months of 1948
follow:
-
refunding
Transmission Corp. first
mortgage pipe line bonds, 3%%'
series, due Sept. 1, 1968; two issues of
Transcontinental
Gas Pipe Line Corp.
consisting of $26,500,000 6% interim
notes and 530,000 shares of common
stock offered in
units
of
for the month.
For
the
12
months of 1948, issues placed
through the private route
added up to 389 for an
aggregate of
represented
new
Corporate issues placed privately in December
totaled
for an aggregate of
$176,549,300. This amounts to
Total
$495,969,673 $6,261,656,563
669,826,626
6,317,917,517
813,229,501
6,652,069,681
284,266,445
6,258,587,454
101,223,891
3,181,078,531
43,079,643
1,080,868,131
19,239,518
1,042,520,276
79,901,271
2,618,804,74ft
81,616,848
2,762,577,838
72,759,242
2,196,166,420
19,150,284
2,140,494,689
292,013,451
2,433,692.159
282,063,717
4,631,945,681
27.180,244
2,267,428,7*15
31,402,899
3 ,198,450
491,094,449
6,500.000
(Continued
300,000
on
page
6)
500.000
550,000
I11 the
1,000.000
600,000
500.000
250,000
1,500,000
fs'o'ooo
1,750,000
5.000,000
750.000
500,000
lowing
comprehensive tables
pages
we
compare
and the twelve months'
on
the fol¬
the December
figures with those
corresponding periods in the four
years
preceding, thus affording a five
year comparison.
for the
Total
$
129,50
80 ,0 # 1,05 ,0 5,3 8437
Refundi g 15,04.52 80 ,0
S
1
5,
14,
New
401,8560 65,016~350 45,184 50
60 ,0 0
Rcfundi g 29,10 3 5L3 70 4,082,41
31,10
Capit l
568,90
$
"
■
$
-1945
109,753 0 l5,6~84,90 41,02 39
$
New
Total
$
Devlopmnt.'
2,6 3,472
•
Capit l
51,3207 42,039 0 254,80P 82,19583
Total
t
75,0 0
I,To 7o 5
*
79,60843
2,650, 0 39,80 0
Capit l 17,0 31,62870 18, 0
$
New
Total
13,2974 3,50 3,940 9 50,27138
Refundig 12,0 0 52,1670
5,40, 0
10 ,0 0
47,20 0 413,85470 8,0 76 15,0 0 95,30 0 5,70, 0 9,165,0 57,150 651,4 70
$
1836251*904,7,7231685,4067241fBR!iUSICenacotEparGdltsFOmovubevchodkiedigrna.gfy,fnsl.cyTMFYODFESICUITHAVNANRHBRSED \'^"T.r7^vvV-f•<±-\•-;TV/.
FMODTFEYINCLOAHIAUVABRCRPGDNSL
Refundi g 86,4179 26,170645
$
-1946
Capitl
$
New
708,930
20 ,0
56,02.783 108.43,25 17,56 45
691,2368
5,60917 4,250. 8,60 0
$
-1946
Capitl
19,47064
$
New
56 ,0
35,20 361,87 0 ts7o o 15,0 89.64,083 1,50,0
■
-
3,750 86,4179
29,08563
10 ,0 0 20 ,0 0
,
~"V.•:
"r~
*
■
35,1 30 74,06 49 30 ,0
10 ,0 20 ,0 0
708,930 3,290, 0
101,29 7 4,5 481 125,960 35.20, 396,84 0 870 ,65 15.0 , 0 164.5,132 1.80.0 56 ,0 1,291,07 68,09481
$
45,21 0 10,461908 3,80,0
862,906 2,90,0 56,9540 93,81 4
1,05784
420, 0
Refundi g 6,17845 3,103,54
Capit l
$
New
45,21 0 2,01,83
69,7019
$
-1947
796,125 2,90 0 56,27540 90,71620
Total
20,3 0 46,2106 1,750, 0 io.b76o 208,3 0 15,0 . 0 9,50, 0 10, 0 3,150 862,906
Refundig 16728.610
$
-1941
9,40 95 3,80 0
946,03815
$
Capitl
$
•
New
~
~' .
'
1
150. 0
796,125
56,2740 10,3750 5,06 5
630,71965
71,60 128,947
56L860
Refundi g 1,60, 0 1,0 ,0
3,21,860
71,60 2,971432
$
$
-1948
Capit l
New
$
250, 0 0,57 ,640
563,140 54,06 5
Total
43,50 432,17640 9.0 ,0 24,50 10, 0 9,250, 0 2,40 0 14,65o7O
•'.
-
7,85329 ACHANRDTE
SOUMFARY
250, 0
47,8 975 1,950 30 ,0
56,2740
7"'-■•.T-.'T
Capitl 43,50. 430,51640 9,0 .0 24,50 10. ,0 9,250, 0 2,40 0 147650, 563,014
s
New
3,52 54
—
*:
:
5.849,540 65,19356 43,50. 480.2537 9,0 .0 35.4 05 10,3 .0 9,250, 0 2.4067 20,74950
1,56 80
1,56 80
250, 0 250, 0
47,8 975 9,63 190 30 ,0
•.
531148017,.432,502629977
019,01,5273G884
16,438.610 8,5 83 1,T6Y54 31,5790 1,72 0 69,7019
41,6812 7.687.50 23,87598 49,50 38 1,90 Q0 2,348012 146,9 0 20.3 0 489.5012 1,750, 0 17.68,50 25,08763 G4,50 38 1,50 68,4210 1,90.0 5,296012
1,250, 0 2,90,0
1,650, 0
1,60
Refundig 1,60, 0
$
-198
125,94362 753,4167
G27.498,105
$
270,60
3,10 54
'
1,608,4933182,294275 ISCONGORRPEUUEFPWAIT ^y-•v*U•T■.i4'T\FCFGOOOARVREPRENIMGANTT,, agencis frSbfaoumtaounnicpedlyitdeysss Notes- manufctrig Notes— manufctrig &-.
heoldtcin.g, -— hoeldticn.g,
250, 0
Total
41,8 162 7.687,50 23,87598 49,50.38 3,10 54 1,90.0 2,61802 150, 214 20.3 0 506.287 i,750. 0 157.0687 23,867598 64,50 38 12,653 4 10, 0 1790, 0 57,018 2
1,250, 0 2,90 , 0
1,650
8,5 835 8,0 0 31,5790 1,4520 6,17845
20,3 0 47,921 0 1,750, 0 10, 0 19,47165 15,0 0 1,50, 0 68,4210 31,6980
26,8795 12.0 ,0 6,917.0 13.78 562 4,250. 0 8,60 0 708,930 7,04.0
,
'
Total
2,650. 0 61,89 28
2.031,928 57,40 91 23,150 31,62870 48,71 563
14,750 8,130,645
.
10 ,0 0
53,4250 56,02 783
95,701946 476 76 25,1. 7506
49,05.30 82,36 94 30 ,0 2,0 ,0 17,834 81 152,87645 47,20,0 463,70. 8,6 76 15,0 0 178,236.94 6,05.0 9,165,0 2.0 .0 75,109481
ir
.
3,152,0 5,41378 49,765.0 172,9 465
21,394 5 30,86 946
;
3,975,0 20,43 85
14,95 385
25,4 28 12,86472 72.915,0 204,9 35 14,2059 476 76 2,650. 0 87,04 28
5,40 21,3945 60,759
i
1,50 0
1,20 , 0 6,38 437
__
10,32 870
136,784
42,0 0 16,0 0 35,179052 176 76 £."52 76 16,304 52
5,18,437
64,8350 To o",565 27o o 29,13 0
$
167,3
.
50,13847 i.TfoTo o 25,0 0
2
67,450 182,960 83,6450 irdbo.bo 2.650. 0 61,80 0 402,560
$
Refundi g 49,7650 15,3 10
-1945
804,5217 3.50 0 3,940 169,750382
651,4 70 20, 0 134,60.9 18,275
1,20 , 0 6,38 437 42.0 ,0 17,50 0
80 ,0 0
2,75,0 14,05948
9,7 0,948
New
254,0 2,587,40
2,63,472
5,18 ,437
■
80 ,0
34,79052 1760 ,6 21,5 0 15,04 52
—194 Refundi g 42,0 0 16,0 0
19,54 80
347,5691
80 ,0 0
'
.
26,7150 14,25681
2,039,0
80 ,0
42,0 0 17,50 0 4,150 017606", 24730 6 129,50
*
'
20,43 85
Capital 045,948 05 ~0 3 8,437
Total
•
Total
16,304 52
$
-194
26,7150 3,795481 197,24891
136,78437
1,60.
90436,0,71398155
3,2 1,80
1,56 80
5.849,50 63, 1705
f-
43.50,7869 ;3,8190 .25 ,40 5 C27.498105
etc.
DECMBR bonanodtesds bonanodtesds boannodtedss corpate GovernmtInBteraanionklforgeoviegrnmntGanvd,•Municpcal-—tSteSs,,Ptoaseeisn toal fdiingnculuorodeest OFDECMBR Boands utiles esccottoepa.ll,,, manufctres oiesindausntrdl;bueildtncgs, ttrraudsing,,Miscelanous Boands utiles eccooptal,, manufctres oi indausntrdl bueildtncgs, ttrraudsing,,Miscelanous ; utiles cecootpa.l,,manufctres oi—indamuansnutfrdctlrig bueildtncgs, — httorraludsing,,Miscelanous ' utiles cecooptal,, manufctres oi- inmadaununsftrcdtrlig bueildtncgs, —httroeraulddtscin.g,,Miscelanous sceocrpuritate
OF Long-term Short-emPrefstrocekd Comstoockn Long-termShort-emPrefstrocekdComstoocnk foreign- Long-termShort-emPrefstrocekdComstocokn
Corp ate- Domestic— Candian-
MONTH
Other
Total
Can dian
Loan
Other Farm
U
Grand
United
•These
MONTH
Long-TermRailroads Public Iron, Equipment Moatnords Other
Oil
Land, Rub er
Ship ing Investm n
Short-Tem
Railroads Public Irsoten,l, Equipment Maotnords Other
Land, Rub er
Ship ing Investmn
Stocks-
Railrods Public Irsoten,l, Equipment Maotnodrs Other
— Land,
Oil
Rub er Ship ing
Investmn
_1
Total Total-
Railroads Public Irsoten,l, Equipment Maotnrds Other
Oil
Land, Rub er
Ship ng. Investmn
Total
«
2
n
w
o
o
>
k
>
>
o
o
w
o
w
o
si
3
O
o
or
-1
o
-i
<35
--3
CO
CO
•-3
1—1
1—1
to
t—<
v\
HH
to
CO
CO
■C
To-tal $
2,5964 0 13,50 410,63 40 10,23891 59.20,
•••
.
23,,5108809753 2t211.,0033.55 ^Inocblliguadtefnss RDeavontprumcdi.
27,85.397
*
Capit l
425, 087 2,0 ,0 132,7 243 91,250863 21,0 0
New
Total
s
4,0 .0 2^63*,472 5,4 2,50
4,8139620 46,0 1,038791 278,3945 45,60. 0
'
New
*
.
3.50 , 0
568,90
14,820 234,90 62 14,20.
.-.
4,9857021
50 ,0 2763,472 5,4 2,50
1,50 98," 67910 137,09^14 4570 .0 6,816735 287, 245 534,8250 1,36 4,52 13.80, 345,67 14 43,06714 24,150 45,0 0 65.96 75
United Bank
2.0 ,0
2,0 ,0
;
204,750 2,740 3,0 ,0 579,102 209, 0 25,90 35,0 0 13702 0 145,80
50 ,0 0
Refundi g 1.38, 50 197,03 348,79 624 153,80 76 24,590 26,50972 4:32.0 60,35846
2,08613 2
50 ,0
Total
$
i;
194'
1,506 0 2,175890
40 ,0
4,0 0
$
.
80,30
4,50 15. 2,765 6,53402 37 5 o 319,25 890 61,4 905 675~o "76o
4,0 0
~"2
40 ,0
Capit l A. 17,80 85,46318 7,41,30 2,740, 0 3,0 ,0 230, 496 5,1924 1,46 0 8,49028 870, 0 85,491536
'
1,50,0 46,0 0 5,30, 0 18,3 784 9,752 71 30.65794 720,1 27 96,289.452 14,"85o7926
.;
1,50,0 1,90 , 0 5,4 0, 0 26,3190 3,218 69 35798o4 401,5 327 34,8 7.54 873~5d,926
126.95O0o
Refundi g 604,2950 972, 94 69,31064 247,60 25 521,08427 27,869.0 50 ,0 9r23~0 32,09 62
2,064,0
;a;.:
65,02345 _ 1.384,6 0 2,8564 7 203,5702 "237 50 68,05914 215.4691 24,590 3,09720 4,32,0 16.85347
1547690, 7
123, 0 1 ,7537 10,68956 2,740 3,9804 631,75283 90,4671 1,46 0 16,841206 870, 0 241,68943
729.8 ,0 2,145 38 207.51,962 8,0 ,0 36,75860 1,873 51 63,18723 42,60 30 53,704 30 1,34,751 30,76581 586,92045
604,2950 1,29674 05 74,935640 "812 718 468,5 10 531,9 427 27.8690 3,21957 "06551¥, 6.8 ,964
-
'
'•
4
l!)4f
4
35,2 0 38,250 465,29658 26,5962 209,"~5876 936, 178 37.4 283 6,798,30 12,59 30 1,34,751 14,63 81 372,0954
60 ,0
2,50 , 0
'
53,0 0 73,905 208,5309 760, 0
7.50 , 0 "YoTBo
Refundi g 2,349.7528 2.14,0 526,478569 74,30259 126,950
8,0 ,0
41, 450 16ri32~,0
A
$ 729,8 0 1,64 75 0 180,79230 157,0 940,3180 59,70 35,804 179,68 50
"Total
216016,,445778903
12,342,00734186
1,507691,80 2,397408 214, 721 2,740, 0 3,65.94 1,298,37 305,689452 25,90 49,85026 13702,0 408,9720
50,0 0
$
New
53,0 0 861,50 1,604916 760, 0
90 , 0 7,50,0 7,9~4250
;
87,9450 48,1603 10,48750 2 0, 0 39716,957 52,71 53 I,5o" 7o 9,823.540 68,37193
23,16 72 1,987,50 163,97 81 10.38,90 9,823,540 14,97513
New
;.
7A
$
80 ,0
26,10 0 470,89167 5,0 ,0
:
s
-1946
19,0 0 750, 0
120, 0
Capit l 87,9450 24,96358 8,50,0 27 58^976 42,63853 I7560",0 53,42 0
Staes. for
50,180 91,70 32,8450
.
Total 4,3976 80 38,250 1,2684 3.0 0804,3187;
Refundi g 524,850 1,23649 2 13,80 207,6 024 43,06714 24,15.0 59,106
-194
6,258 74 $50,180 937,80 794,067 5,0 ,0
.
Capit l $ 605,234 1,90 0 430.6,958 26,51 9
^
672,48693
Refundi g'Si:. 4,23681 7 4,50 603,45 9 52,7 286 45,031.0
-1945
13,50 12, 3.582 1,987,50 301,271 10,3890 "06,54o o 97823^540 21,7638 51,84531 62,70 1,384 2,58 124,8750 2 0, 0 738,¥52^1 95,83 90 24,150 46,50 0 9,¥~237546 134, 8
a,
418,30 40, 156 7,490, 0
$
.i
10, 08 750, 0 2,80,0
"
:
Refundi g 2,1709341 1,50 9,64,028 38,250
-194
2 0, 0
612.70, 1,26-490 12,30 435762K0O 85,70 0 24,150 M,50,0 12,57 0
T"otal.
43,150 G38.90 18 21,70 0
2,14,0
32.410, 5,620 18277 21,058 10,9750
"
1
8
2/71957 2798,65 34,7 362
12
YEARS 34,9285061IpnlacedUtrio A2.,46059783'1 6,2375180.49
i
16,26375,,03851767.492913
"0 0,
706 660 000 000 175
,573
Km ,50
$
♦
}*?
c
*
000
000
".898,
1 _ 436l0 .
624,02781813,553046907483
F61,2787219460,.0570825479336845139NBPMruSfFEtGoandertoelshavtmanvomwditgucnrcfbickugepladlseyss,SUUSC^pEAIClbir.syfyYED3MTCF1IIONTOSSVUAHRONPRHA2CSREbAE.D 'j46,20857134325,s,792918,2793610.&850 4,9186.52732400G17,3,8,560615470893
FEDMF3T1GLFAMNIOOIUVVHANE2RCRCNRDPM.SGLT,
90 ,0
Capit l $ 2,0478 512 36,210 741,9 81 729,65742
New
Total
:
*
7.8410Q
.
397 ,0
4,70.58634 70,250 8746,2815 659,14.29 5,0,0
$
Refundi g 1,936 850 5,235,0 247,1 04 35,901 4,978,50
Capit l $ 3,5069478 65,490 59,1642 623,5018
New
:
Total
.
521,50
"¥ ¥70 0 25,0 0 l6,2~73497
A
$
4,92.0178
7,053,95 439,1509 495,6 73 21,0 0
CFORRPEIGANT,
Capit l 4,706852
$
New
OSUMFARY
306, 0
6,900
fi
Refundi g 29,80 0 870,312 85 28,0 0 30,0 00", 125,760.95 6,45,0 70,1 0 56,790 8.710, 5
20 ,0
Capit l 239,8^0 1,75364.25 74,050 10.36,250 31,50 0 78,9y 4 29.805, 12,50 120,3 0 20,91485
20 ,0 0
Total
850, 0
S
#->,
~T6o ,6
>
:
60 ,6 0
8,O 76
2,0 ,0
35;17,Q0 36,21 0 142,8 .547 20.634 2 208,457 2 715,39.86 26.4 283 6.79830 9.53 93 1.34,751 1,65 16 37,2 183
125,830 817,04253 132,6.2 8.0 ,0 365,9482 1,408675 1 10,93856 14,73.0 50,48.3 1.34751 18.5 ,16 520,3.81
60 ,0 0
6.80750
650. 0 787,065 075,0 0 836,250 86 ,4 0 39 ,157 830,274 824,65* 50 ,0
6,92560 70,250 5o6,"7T iI5 14,70 6 28,36 40 562,84 32 34,580274 6,30,54 3,90 , 0 164,9867
3,0 5,0 5,235,0
21702,7 4876T.85
269.
343,10 75 708,930 14, 310 8
40 ,0
5,70
ONGARENUFPWDI
—1948
62,950 2,5698 0 82,30 0 19,640 16.30, 0 910,64 0 591.20, 47,380 14,30 57,40 0 38,07 0
3,20 , 0 186,9 5
10,80
17394,5 .0 ,29 30 2,50, 0 234,561 149,07 2 10, 0 132,8910
2,817,0 7,053,95
Refundi g 48,7160 1 ,78329 6,50,0 24,697150 21,075 0 19,380 19,28 19
Capit l
17,43017 7,65,20
850, 0
573,240 2,45816 7 75,80 0 19,640 16,30 0 85,943850 570,21 0 28,10 0 14,30 0 57,40 0 36,781
$
New
CHAR TE
5,20 0 186,9 5
596,516
102
533,
1,476
88,
177,
3,90 , 0 45,2867
708,930
*
25,876123
239,850 2,035 103 74,05 0 24,836250 53,86 40 1,306 2 527,385274 13,70 120,910 3"l91~,07 429,3754
7018900", 65,490
28376 ",83 14,70 6 28.3640 514,863 234.580,274 3,20 0 3,19,07 150,67 9
'
$
24, 62,
3,122
29,80 0 1,08754,962 28,0 0 3,0 ,0 175,62835 6,45,0 73,1465 56,790
5
New
6,150, 0
768,10 82,06358
40 ,0 0
$
$
1947
82.1,0 250, 0 30, 0 239,450 2, 8.4 25 26,80 0
27,05831
7,053,95 432,1 830 47,26 05 21,0 0
^90.0 147,587
269,50 2,617450 102,750 10,36250 34,50 0 904,75834 29,50 82,51 0 176,90CO 29.65,0
Total
83,0 0 421,7650 43,8917 29,0 0
5,984 532 150,^ 0 294,05 2,60-15829
Refundi g 251,3 298 7,01,265 18,723468
157;50 , 692,735
74,731 7,935 40,94
•:j:
6,215 63 150, 0 1,062 ,0 2,68 1 7
306, 0
$
-1948
41,,433618076503
125, 83 674, 83, 1 ,481
New
25,0 0 lo72~ 3,497 §82,1 0 250, 0 13,0 0 61,25.0 2,7 098,12 5,80 0
S
-1947
Capit l
127,450 952,4857
8,0 0,
956,0 0 269,857 59 ,230 640. 0 5 0. 0 402,561 384.015 4 8, 0 30 ,0 0 40 ,0 0 ,0 706,10
19,2335,08894776
626,
93
19, 18,
2,965,
1,148,
741
47, 14, 57, 10,
518,
25,74 3 48,7160 129, 1346 6,50,0 32,5 30 21.075 0 19,380 19,853
10,80
1437,06 0 ,29 30 20,2650". 26,90 361 149,07 2 10, 0 132, 584 90,6 035 578,240 2.83,0751 87,09.230 19,640. 18,50 1, 6.0521 720.3915 28,10.8 14,30 0 57.40, 0 10, 0 498,20765
2,817,0 7,053,9 5
- notes — 9,0385671 fbuontadiyesBNruneswdck 31 manufctrig heoltdcin.g, 5,067842 . manufctrig hoeldticng., * manufctrig hoeldtcin.g, manufctrig! .hoeldtcing, 5,98432
MED3NOEN1TCHS. Csrpcate— .Domestic—- Lbponna|n-otetderssa Sh:ort-em stock—. stoc—k. Candi—- bonaontensd-—ds_ 2-Shortem Prtiestockd Comstockn foreign— {^b/Looanng-dtersm Short-em Comstock^—n1 Gove;rnm t BIntaernaiokl fogroeveringmnt G"Laaovnacidne,s &^Municpatl—S.te,s,SPostaeiens toal— Ifdnigncluuoordeets Maoitob/Qufec, LNBoonotgaen-sTd-ersm utiles— esccototpearll,,,Eqmuaniupfcmees—n:t aacensordi indaunstrdl bueildtncgs, Itntrvraeusdtmsinng,,Miscelanous — SNBhoootraetn-Tsde-sm : utiles scectooeptall,,,Eqmuainpumfcetrnets anodi indausntrdl ; bueildtncgs, Inttvrreausdtmsinng,,Miscelanous utiles scectooeptall,,,Eqmuainpumfcetrnets anodie indausntrdl bueildtncgs, Inttrvreausdtmsinng;,Miiscelanous util•e.s scecotoepall,,, Eqmuaniupfmctreesn—t: anodi indausntrdl bueiltdcn._gs, Ittnrrvaeusdtsminng,,Miscelanous sceocrpuritate
DEMNOENCTH.S ;
i^sVtov'tef.rd
^
corp ate
Total
^Othei-
"Grand •These
Total
Total
Stocks-
.4,8913620
Pref red Com on Long-term
>
v;-T ii,
''
.j
7.)
-v.
,'V
:r.;
j
'■
12
,
Can dian
Other Farm United
11
Provinces
12
• /v
Public Iron, Motors Other, Land,
on
'.
-Shipng
Railroads Public Iron,
Motors Other Land, Rub er Ship ing
Oil
Railroads Public Iron,
Motors Other Land, Rub er Ship ing
Total
*■
7
Total-
Total
Public Iron, Motors Other Land,
1
>
.
Ship ing
6
(490)
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
Monday, January 31, 1949
(Continued from page 3)
32,500,000 Lone Star Gas Co. 20-year loan (expansion and repayment
•
1947
Add
June 1947
Other
Add
June 1947
Miscellaneous
Add
June 1947
Public
Add
June 1947
Public
Utilities
Add
June 1947
Other
Ind.
Add
July 1947
Public
Add
July
Ind,
&
Cannon
Mfg._*
Dixie
____*
UtilitiesI
&
Home
General
*
Home
Tilo
Mfg..*
Utilities
Shoe
4%
Stores
skg. fd.
& Electric
Co.,
due June
3(4%
1962.
1,
loan,
'
1st
July 1947
Add
July 1947
Other
Ind.
&
Mfg..*
Add
July 1947
Other
Ind.
&
Mfg._*
San-Nap-Pak Mfg.
July 1947
Deduct Aug. 1947
Public
Public
Add
Associates
*
Utilities-....*
Utilities.
Public
Aug.
1947
Motors
Aug.
1947
Public
&
*
Access...*
Utilities
Missouri
Add
Sep. 1947
Miscellaneous
*
Add
Sep. 1947
Sep. 1947
Other Ind.. &
Mfg.—*
Add
Miscellaneous
Add
Sep.
debs.,
&
Gas
Electric Service
Co.
750,000
bds.,
Discount
Co,
1947
Add
Sep.
1947
Add
Oct.
Public
1947
__^__*
Dallas
Missouri
Utilities—*
Public
Edison
Miscellaneous
Other
Ind.
&
Add
Oct.
1947
Other
Ind.
&
Mfg..*
Add
Oct.
1947
Other
Ind.
&
Mfg..*
Morris
Mfg..*
Nov. 1947
Land,
Add
Nov. 1947
Iron,
Add
Nov.
Other
Ind.
&
Add
Nov. 1947
Other
Ind.
&
Mfg._*
Ind.
&
Mfg..*
Nov. 1947
Other
Nov. 1947
Miscellaneous
1974
mtge.
&
lien
coll.
:
Hotel
Copperweld
(Robert)
Steel
Gair
Co.
Co.
(Los
Angeles)
314%
skg.
Co.,
Inc., 314%
(Robert) Gair Co., Inc., 2%%
4%
serial
C,
due
notes,
due
Mfg._*
Mfg._*
(Philipi
Carey Mfg.
Investment
Trusts..*
Chicago
Corp.
&
Foote
Ind.
Utilities
Add
Dec.
1947
Mig._*
Public Utilities—__*
Add
Dec.
1947
Public
Add
Dec.
1947
Dec.
1947
Public
Dec.
1947
Katz
_____*
Drug Co.
Middle
Utilities...,—*
Public
Add
Dec.
1947
Add
Dec.
.1947
Add
Dec.
1947
Public
Add
Dec.
1947
Public
Add
Dec.
1947
Utilities—*
Public
Add
Dec.
Other
Ind.
&
314%
States
Nov.
1,
due
Co.
Water
Co.
Rulane Gas
Co.
414%
Seattle
Co.
1st mtge.
Utilities
*
1,
Tucson
Walden
Utilities.....*
serial
bonds,
series
Wrightsville
Water Supply
Co.
314%
due
Nov.
Nov. 1947
Other.
Ind.
&
Mfg._*
Capital
Add
Nov. 1947
Other
Ind.
&
Mfg..*
Pathe
Records, Inc.,
5%
sub.
due
notes,
1978
Nov.
1948
10,
46,641,400
8,000
22,400,000
; 25,000
700,000
Public
Utilities-—.*
United
Public
Utilities..._.*
Central
Other
Ind.
Wagner
Electric
*
General
Waterworks
Corp. 3,000
Utilities—*
General
Waterworks
Corp.
50,000
shares
common
(par
Inc.,
28,000
shares
common
(par $5)—
Add
Apr.
June 1947
Add
June 1947
Public
Add
Sep.
1947
Other
Oct.
1947
Public
Add
Deduct
1947
Public
&
Mfg._*
Utilities—
Ind.
&
Mfg..*
Utilities
Other
Ind
&
Southwestern
Other
Ind.
Add
Nov. 1947
&
Mfg.—
Mfg..*
Add
Dec.
1947
Other
Ind.
<fo
Add
Mfg.—
Dec.
1947
Other
Ind.
&
Add
Dec.
1947
Public
Utilities-
Add
Dec.
1947
Public
Utilities.
Add
Dec.
1947
Public
Utilities.—*
Corp.
97,846
stock,
(par
Clinton Industries,
Cladmetals
San-Nap-Pak
Co.
Mfg. Co.,
Co,
60,000,000 Texas
4.40%
div.
(par
60,000
cum.
pfd
$15)—
preferred
of
—
common
32,079
70c
Inc.,'30,000 sKares
of
shares
(par
pfd.
cum.
div.
$1)____.
(par
-.
:—
Our
—
545
1,193,400
272,671
280,500
:
150.000
L
.
!—
:
50,000
:—;
Dairy
Products
3%
Corp.
debentures,
due
1970
•
-.
Edison
due
1973
Southern
California
Edison
Co.
shares)
(800,000
y'-'-^y
1968
&
;/•
Rolling
Mill
1968^ (modernization
75,000,000 American
Tobacco
Co.
3%
Oil
general
debentures
due
60,000,000 Illinois
preference
corporate
due
Electric
1978
$4
dividend,
cumulative
Jan.
1,
Co.
(repay
bank
1st
&
ref.
Line
1951—July
Co.
mtge.
1,
2.55%
Ine;
bonds
1962
(construct
pipe
3%
convertible
$4.52
50,000,000 C.
I.
T.
Financial
(finance
Corp.
bonds
274%
274%
28,000,000 Southern
loan
1954-1963
Gas
(build
45,000,000 Columbia
Gas
(corporate
20,000,000 Interstate
1966
Co.
1st mtge. pipeline bonds,
1968 (construction, etc.).
Gas
1,
Gas
Transmission
(expansion).
37/s%
Co.
3%
Oil
Co.
pipe
3(4%
1st
March
'
&
Electric Corp.
purposes).
Power
Co.
1st
3(4%
'
1,
y
'
-
$50,000,000
due
debentures,
*
1973
J.-
mtge.
334%
due
1978
1.
35,000,000 .Trans-Arabian
Jan.
1,
1955-July 1,
1962
sinking fund debentures,
2.55%
(guaranteed)
(construct
pipe
bank loans).
25,000,000 Mountain States Telephone &
Telegraph Co. 30-year 3(4%
debentures, due 1978 (repay advances from parent).
40,000,000 Ohio Power Co. 1st mtge. bonds 3%
series, due 1978
(refunding, construction, etc.).
35,000,000 Standard
bentures
(acquisition, etc.).
Oil
due
common
Union
stock
1,
Carbide &
(capital
Carbon
purposes)
3%
notes,
due'
:
334%
bonds,
•
series
due
July
1973
1,
(prepayment
of
bank
Steel
1978
Co.
(costs
1st
of
Corp.
due
May
1,
stock
of
1973
3(4%
debentures,
sinking
due Dec,
fund
1,
collateral
promissory notes
(prepay
and
de¬
linance
v-
Corp.
1st
pipe line
mtge.
(construction
50c)
(par
Gas
Line
Pipe
bonds,
of
pipe
Corp. $26,500,000
line).
6%
1951, and 530,000 shares of
1,
(.construction
pipe
ol
security issues placed
Power
preferred
B,
due
20,000,000 Standard
due
1973
Oil
Feb.
1,
Co.
1968
bonds,
and
Co.
stock,
requirements);
25,000,000 Southern California Edison
series
series H,
in¬
com¬
line).
privately shows
Associates
expanding
(Minn.)
$4.80
Aug.
facilities).
200,000
series
(no
shares
par)
Co. 3%
1st & ref. mtge. bonds,
improvements, etc.).
.
'
234%: sinking fund debentures,
(capital
(Ind.)
of
(capital
,
(expansion, etc.).
■
Investment
Co.
due
1973
25,000,000
(202,000 shares) of capital
El
Paso
$3,115,000
notes,
have
1st
mtge.
bonds,
annually
due
due
1963,
4%
$1,-
notes, due Jan. 1, 1949-July 1, 1958, $150,000
tures,
due
mtge. 3(4%
notes, due Dec. 31, 1967,
sinking fund bonds, due Jan. 15,
(February).
IJne
3%
Broadcasting
Dec.
1973,*
1,
'<
loane due
--
serially Feb, 1,
1949-1958,
Co.; 4%
promissory
notes,
due
May
1,
1960,
(May).
Discount
of
Co.
Georgia
4(4%
10-year
subordinated deben¬
(April).
$500,000
Furniture
Mart
Building Co., Inc. 4%
(April). '
20-year loan, $5,500,-
..
Light &
1949-1958,
American
due
notes,
promissory
3(4%
Co.,
(April).
$5,000,000
Traction
Co.,
$15,000,000
Maize-Products
234-4%
serial
trust
collateral
notes,
(NovemberI.¬
Co.,
3 (4%
due
note,
July 1,
$2,700,000
1963,
(July 1.
American
Paper Goods Co. 15-year notes, $900,000 (February).
Rolling Mill Co. 20-year 3%, debentures, due 1968, $30,000,-
American
000
(February).
American
Seating
3(4 %
Co.
due
loan
serially
1951-1958,
$240,000
(March).
American
Stove
Co.'3(4%
Tobacco
Co.
20-year
(February).
$75,000,000
Arizona,
notes,
due
Jan. '1,
1963,
Edison
Co,,
Inc.,. 4%
3%
debentures,
due
Jan.
'«
■
sinking
fund
debentures,
$1,500,000
;
Edison
Co.,
3(4%
Inc.,
;./A,
1968,
1,
.
(October).
Arizona
(Feb¬
$5,000,000
;:.VV■'VWv':
ruary).
American
Natural
1968
Natural
Sept.
1,1963
&
1978
Armco
Gas
Co.
Gas
Co.
nine-year loan (corporate
mtge.
of
(refunding
Electric
pipe line bonds, 3(4%
line facilities).
pipe
3(4%
(expansion
Michigan
[$15,000,0001).
1st
(expansion
Western
of
convertible
pipe
Co.
line
3%
[$10,000,0001;
debentures
facilities).
1st
mtge.
bonds,
extensions,,
etc.
Gas
1968,
$750,000
Steel
series
2
1st
mtge.
;
bonds,
$1,000,000
Co.
1st
mtge.
sinking
fund
bonds
3(4%
series
Corp., 3%
(April).
debentures, series B, due Jan. 1, 1968, $5,000,000
.(December)., ■
;
;
; ■
:.v ; \
Armour & Co., 20-year 3(4 % sinking fund
debentures, due Sept. 1, 1963,
$40,000,0011 (October).
V
.
.
Arundel
Corp.,
3a/af/«
due June 1, 1958, $1,500,000 (July).
274% 9-vear loan, $20,000,000 (September).
subordinated note, due. Jan. 1,
1958, $5,000,000 (February),
Associated Telephone Co., Ltd.
1st mtge. bonds series D 3(4%, due
Nov. 1,
1977, $700,0C0 (April)
notes,
Assocates
Investment
Associates
Investment Co.
Dec.
1,
Baldwin
due
Paso
Indiana
due
3(4%
Co.,
of America,
(November).
Bar"®
Bachmann
274%
purposes).
series,
4(4 %
10-year
we
(March 1.
$350,000
Gas
Co.
Am*r*"««n
due
due
SEPTEMBER
36,000,000 El
Corp.
Casungs
$2,500,000
Arkansas
3%
improving
States
cumulative
mtge.
*
debentures
convertible
Corp.
(October!.
20,400,000 Northern
$20,000,000
(Ohio) 20-year 3% sinking fund de¬
April 1,
1963
(refunding, corporate pur¬
Co.
Corp.
ref.
&
loans).
$20,000,000 Inland
cumulative
Co.
25-year 274%
(plant rehabilitation).
21,661,683
,
20,000,000
&
1st
due
stock
poses).
25,000,000 Swift
RR.
AUGUST
$30,000,000 Consolidated Natural Gas Co. 234%
debentures, due 1968
(acquisitions).
84,000,000 Gulf Oil Corp. 25-year 3% loan, due
April 1, 1973 (repay
4%
Nashville
line).
,
shares)
&
(convertible),
i
16,771,375 Pacific Gas & Electric Co. (670,855
shares)
(construction).
20,000,000 Solvav American Corp. (200,000
Business Machines
(working capital).
1968
loan
APRIL
preferred
Edison
April 1, 2003 (capital expenditures).
Jersey Bell Telephone Co. 40-year 3(4% debentures,
July 15, 1988 (repay advance to American Telephone
&
Telegraph Co., expansion, etc.).
••
V t
30,000,000 Westinghouse
Electric
Corp.
2.65%
25-year debentures
,
Co.
de¬
etc.).
Corp, 20-year sinking fund 3(4%
>$60,000,000
due
.
Line
1973,
Alurmnum
;
000
55,000,000 New
'construction).
Pipe
1,
Louisville
H,
3(4%
1968
35,000,000 International
30,000,000
sinking fund debentures, due Jan. 1,
working capital, &c.).
Telephone & Telegraph Co. 30-year 3'4% deben¬
Feb.
Commonwealth
July
,
bonds
3%
Co.
due May
(par 50c)
(January).
Realty Corp. 1st
American
Co.
1st mtge. 3%
bonds, series N,
y
due June 1. 1978 (working capital).
35,000,000 Field Ships, Inc. 3%-5%
sinking fund collateral bonds
(construct oil tankers),
;
•
k
•:
25,000,000 Household Finance Corp. 3%> sinking fund debentures
due;
1964
(repay short-term bank loans)-.. '
1968
,,
.
debentures due
/
Co.
'
•
due
3%%
$25,000,000
Alstons
American
1,
mtge. pipeline bonds due
line).
tures, due 1978 (extensions, etc.).
20,000,000 Standard Oil Co. (Indiana) 234%
due
Feb.
(refunding,
75,000,000 Pacific
due
due
series
(November).
American
,
note1,
(refunding).
1968
due
b,
334%
25-year
Co.
1973 (advances to subsidiaries and
for purchase of stock, extensions,
1,
stock
notes,
1949-1957,
American
National
series, due June
25,000,000 Tennessee
1,
Allied Stores
1978
etc.).
vances,
line).
operations).
20,000,000 Cities Service
20,000,000 Lion
series
bonds,
mtge.
Telegraph
Transmission
common
A.-iminum
500,GOO
Telephone
JULY
mtge.
due
Allentown Bridge Co.,
(June),
Telephone Co.
1,
York
march
1st
Dec.
companies
Trading
Allentown-'Pethlehem
cumulative
'
$37,396,000 Central Pacific Ry.
1968 (refunding).
1st
&
sales, it might be well to explain, comprise
securities issues not publicly offered but sold di¬
Sept.
$24,995,329;
& Electric Co. (1,000,000 shares) 5%
redeem¬
able 1st preferred stock
(construction).
:y';;:y.y
17,570,000 Philadelphia, Baltimore & Washington RR. 3(4% general
mortgage bonds, series F, due May 1, 1979 (repay ad¬
loans,
(guaranteed)
Bell
June
due
•
Pipe
York.
25,000,000 Pacific Gas
con¬
(construction).
20,000,000 Trans-Arabian
due
stock
shares
purposes).
25,000,000 Philadelphia
series
(250,000
Co.
Private
Advance
1st mtge. 3% bonds, series B,
(repay advances to parent).
Co. ref. mtge. 3% bonds, series F,
July 1, 1981 (repay loans, etc.).
due
90,000,000 New
funds).
vertible
stock
Power Co. (200,000 shares)
preferred stock (finance construction).
and expansion).
Co.
Corp. (300.000 rhareS). $4 cumulative
(increase capital and surplus).
debentures, due June 1,
1963 (refunding,
construction, etc., $32,387,271).
Co.
Chemical
line
(expansion).
Following is a list of all private issues which
reported during the year 1948:
Financial
finance
20-year 3% debentures due Jan. 1,
short-term loans, working
capital).
Corp. (2,269,050 shs.) capital stock
(Increase
25,250,000 Monsanto
T.
20,545,000 Consumers
20-year
series)
(second
and does not include bank loans.
57,382,600 Consolidated Edison Co. of New
V-7>.,
(reduce
115,721,550 Gulf
i.
preference
ref.
mtge. 3(4%
loans, expansion,
bank
bonds,
pipe
also to be made clear to avoid any misunderstanding of
the figures, that the compilation is only of security issues
(construction).
JUNE
30,000,000 C.
February
■
$30,000,000 American
*968
l$t
Co.
mtge.
1st
rectly by negotiation to a relatively few large purchasers,
ordinarily insurance companies and banks. No distinc¬
tion is made between private and public issues in our
detailed compilation of the capital flotations.
It ought
prefer¬
stock 4.56% convertible series (expansion, &c.l.
100,000,000 Southwestern Bell Telephone Co. 35-year 3(4% debentures
due May 1,
1983 (repay advances to parent, &c.)>
20,000,000 Sunray Oil Corp. (800,000 shares) 4(4% cumulative con-^
vertit)le preferred stock, series B (corporate purposes).
25,000,000 Union Electric Co. of Mo. 3%
debentures, due May 1,
ence
(retire
.-V
Corp.
issues of this character aggregating $2,512,029,sold during 1948.
This is the largest in total
were
those
nnn
A
American
debenture
greatest in number of issues involved
since we started compiling
these figures separately in 1937. The 1948 total of issues
placed through the private route amounted to 40,1%
of all corporate financing and compares with 34.0% so
placed in 1947.
—
California
3%
capital expenditures).
loans,
1962
Co.
in placements of this nature
172,500
.
(expansion).
20,000,000
january
series
Gas
»
$25,000,000 Allied Stores Corp. 20-year
sinking'fund 314% notes due
Dec. 31, 1967
(expansion),
30,000,000 Commercial Credit Co. 15-year 3%
loan, due serially to
Jan. l, 1963
(expand borrowing facilities).
60,000,000 New York Telephone Co. ref.
mtge. 3(4%
bonds series
E, due Feb. 1. 1978 (repay short-term notes).
50,000,000 Sinclair Oil Corp. 25-year 274%
sinking fund debentures,
due Dec. 1, 1972
(expansion, etc.).
bonds
from
due
deben¬
amount and second
50'0.000
.
MAY
$30,000,000 National
principal issues of securities placed
1948, giving at the same time (in paren¬
&C.),
due
Gas
record
that 389
1,500.000
;
1948
list the
40,000,000 Southern
advances
(pay
3(4%
31-year
additions).
Edison
■
.
—
$8.50)
—
during the year
theses) the purpose of the* issue:
nnn
Co.
Co.).
&
due
(capital
1973
Private Sales of Securities in the Year 1948
679,000
series-
,
we
1,
sinking fund bonds,
lubricating oil plant).
bank
Transcontinental
mon
400,000
._
—
Frailey Industries, Inc., 34,500 shares class A stock (par SI)
Harrisburg Telephone Co. 17,000 common shares (par $10)
Harrisburg Telephone Co. 1,500 shares 4% cum. pfd. (par $100)
Walden Telephone Co. 500 shares
4(4% cum. pfd. (par $1C0)
Large Domestic Corporate Issues
During the Year
Dec.
?no.OOO
—-
capital stock (par $1)
;
improvement mort¬
and
series, due Sept. 1, 1S68 (construction of pipe line).
Gas
Pipe Line
Corp.
2,250,000 shares
terim
2,935,380
$1)
$1.20
27,825.000
600,000
.
250,000
___
—
(par $100)
shares
due
construction
Transcontinental
series
...
799,600
Inc.,
$2.50
oar)
shares 5%
Telephone
$25)
1
Below
pfd.
cum.
shares
common
States
American
Mfg...
(no
—_
Industries,
preferred
Nov. 1947
shrs.
$100)
Publicker
*
6,000
shares
notes,
linance
3%
Transmission
(expansion,
35/s%.
Inc.,
due
Western
in
promissory
and
due
construction).
22,500,000
5.000
H,
1979
15,
Telephone
Olympic
400,000
1,1951—
1947
Add
Detroit
1958
160,000
—_
Mar. 1947
Co.
bonds
trust bonds,
due Dec. 1, 1955 (corporate purposes).
30,000,000 Panhandle Eastern Pipe Line Co. 3 (4%
sinking fund
Jan.
Co.,
bank
\
4%
J.)
etc.).
2,000,000
._
Add
Telephone
3%
loans
mtge.
Electric
(property
American
associated
1977—750,000
1972
1,
Add
Telephone
mortgage
(retire
properties
oil
refunding
Telegraph
Power
bentures,
due Nov.
(N.
Co.
Telephone
series
bentures,
Stocks
(par
3%
750,000
—
notes,
conv.
Nov.
(retire
200,000
1951_
bonds
conv.
Industries, Inc., 5% sub.
Bed
Eastern
Alabama
150,000,000
Short-Term Bonds and Notes
Add
1982
DECEMBER
15,000
notes, due semi-annually from April 1,
bonds, due 1976
-
bonds,
refunding
1,
program).
of
series
(construct
&
1963
bonds,
$12,000,000
,
3.5%
debentures,
45,000
D,
3%%
1st mtge.
bank
1st
Corp.
1,000,000
3%
Union Gas Co. 1st
mtge. skg. fund 3% bonds, 1965
Gas, El. Light & Power Co. 1st mtge. 314% bonds, due
Telephone Co.
due
300,000
1960
bonds
and
June
America
of
Service
24,000,000 Texas
—
Southern
*
Utilities—*
Gas
1,040,000
15,000,000
380,000
25,000
mtge.
Oil
due
50,000,000 Public
500,000
314%
*
tures,
2,960,000
Dec.
1st
due
Petroleum
bonds,
Telephone
10,000,000
1, 1957
bonds, due 1967—
Illinois
of
Cil-Con
100,000
—
1962
1975—
Utilities
Public
note,
skg. fund notes, due Aug.
Telephone
1,
Middleburg
Mfg._*
Public Utilities
1947
debs., due Nov.
!„V
unsecured
3(4%
40-year
1st
Co,
Ohio Rv.
&
374%
Nov. 1, 1958
60,000,000 Northwestern
1,000,000
Hummelstown
due
Add
4%/
Chesapeake
500.000
Harrisonburg Telephone Co. 1st mtge. 3%
Water Supply Co.
314%
bonds
*
Miscellaneous
Add
Co.
>
Co.
construction
(repay
30,000,000
loan
15-year
Mineral
40,000,000
1973
1,
850,000
1948-1954
&
Other
\
instalment
expenditures).
&
1947
equipment
costs).
gage
Ind.
1947
due
deben¬
Co).
3(4%,
Co,
750,000
Ind.
Dec.
Aluminum
825,000
Ind.
Dec.
3(4%
NOVEMBER
$60,000,000
I960——
Other
Add
i
(acquire
(development
1965
Other
Deduct
R
1,
1947
fund
bank
(repay advances to American Telephone
parent organization).
finance
1,
1947
skg.
series
Nov.
Dec.
314%
1963
Telephone
1988
April
Dec.
Co.
1,
Caribbean
Dec.
Globe
Mfg..*
4.50%
of
of short-term
collateral trust
Inc.,
Trailer
Bell
and
2,250,COO
Add
Other
Fruehaui
Oct.* 15,
2,000,000
1959-1962J—
Add
Nov. 19.47
Sept..
1, 1963
Hemisphere).
2,000,000
.—_
Add
Sales,
2,000,000
;
__
Hoist Co. 314% loan, due $50,000
annually Nov. 1, 1948-1957
Gray Drug Stores, Inc., 3%% loan, due 1953-1962
Taylor Food Co. 5% 1st mtge. bonds, due quarterly to Nov. 1, 1957
Burlington Mills Corp. 3% notes, due Dec. 1, 1967
:
*
___•
shares
260,000
.
Trailer
Oct.
800,000
due
notes,
-•a-w;..'"''*/ due
250,000,000 Shell
200,000
3,250,u00
series
fund
Co.
(reduction
20-year 3 (4% sinking fund debentures,
(increase working capital).
'
I9b8
due
loans
*
loan
fd. debs.,
sinking
1,
bonds,
2,500,000
440,000
:
Plan
Ambassador
&c ._*
Steel, Coal. &c.*
Add
1st
Murray
Mfg.-*
,
B,
Co.
deben¬
.'4.
•
•
& Telegraph Co.,
75,000,000 Pacific Gas & Electric
500,000
due July 1, 1975—_
skg.
fd.
314%
bonds,
Co.
75,000,000 Michigan
3,000.000
A,
Corp. of America 4%
debs.,' due Oct. 1, 1959
Co. (Texas) debs., due serially 1953-1962
(Oscar) Mayer & Co., Inc., 3%
promissory notes, due Oct,
Pathe Laboratories, Inc., 1st mtge.
15-year 4% bonds
Telephone
series
1947
1947
Add
series
*
Oct.
Oct,
Bldgs
bonds,
Central
Add
1947
mtge. 314%
*
Utilities
Add
Add
1st
3(4%
35-year
notes),
Tobacco
(par $100)
-
&
Fruchauf
from
•
•
250,000
of
note,
Co.
30,000,000
tures,
3 5, oca 000
Colonial
Utilities—.*
Public
3%%
Inc.,
stock
4
loans).
Sept.
-1,
2,500.000
1,200,000
ser.
—
Bowser,
short-term
(reduce
Armour
300,000 "
B, due 1977
Georgia 4V4% sub. debs., due 1957
due Sept. 1, 1962—
Stores, Inc., 3% sinking fund debs., due April'1, 1963
4-v
Railway & Terminal Co. 214 % equip, trust ctfs., due 1947-1952—
American
$40,000,000
■-
mtge. 27/s%
J.)
OCTOBER
1,333,334
V 1.—
due
1st
•
Co.
1988
5,000,000
serially from July, 1949
South Atlantic Gas Co. 1st mtge. 314%'
bonds, series C, due 1975
—ii.
American & Foreign Power Co., Inc., 314%
sinking fund debs., due 1968— ;
Four Wheel Drive Auto Co. 414%
skg. fund debs., due July 1, 1957
Utilities.....*
Add
Add
4%
Inc.,
'•
Telegraph
&
15,
(additions, improvements, etc.).
Reynolds Tobacco Co. 3%
debentures, due Oct. 1,
preferred
'".'■a
(
.
Sept.
3„800,000
Investment
Co.,
loans).
Telephone
due
(R,/J.)-Reynolds
26,000,000
2,000,0Cd
Add
Miscellaneous
(R.
ly73
222,000
350,000
1948-1962..—
mtge. 3%
bonds, due July 1, 1977———
Co. 3%
subordinated notes, due June 15. 1953—„
Maine Public Service Co. 1st mtge. & coll. tr. 2%
% bonds, due 1975—__
Sangamo Electric Co. 314% notes, due Jan. 1, 1955-July 1, 1961
'
1947
60,000,000
1,000,000
bonds, due Jan. 1, 1969_-,
due
bank
Pacific
tures,
417,00Q
—
loan, due semi-annually
coll. tr. bds., series A, due May l, i971__
Co, 1st mtge. 3%
Inc.,
Corp.
debs.,
15-yr, 314%
Corp. 3%%
Waterworks
Gas
Hoofing
Arklahoma
*
Co.
of
75,000,000
Long-Term Bonds and Notes (Continued)
Uxbridge
1967,
$7,555,000
Bangor
&
10-year 334%
Worsted
$4,000,000
Locomotive
Baltimore
Co.,
Corp.,
20-year
(January).
promissory
'
Works, 500,000 shares of common stock
note,
due
(par $13),
(August).
Transit
Co.
3%
equipment
trust
notes,
$4,000^000 (March).
Aroostook
RR. 2(4%
equipment trust certificates, due an¬
April 15, 1949-1958, $700,000 (April),
Bangor Hydro-Electric Co., 1st mtge. bonds, 3% series due Dec. 1, 1977,
nually
$1,500,000
(July
Barber-Greene
$1,500,000
1.
Co.,
15-year sinking
(March),
fund debentures, due Jan. 1,
,
.
1963,
*
THE
Number 4773
169
Volume
(Thomas
(December).
$7,500,000
notes,
El
(May).
Beaunic
Mills,
Eeaunit
Mills, Inc., 35,000 shares of capital stock, $682,500
Inc.,
10-year
Berland Shoe Stores,
A.)
3%
promissory
1st' mtge. 3(4%
Gas
Co.,
$36,000,000
notes,
CHRONICLE
due
15,
Aug.
(491)
1967,
Interstate Department Stores,
$3,000,000
Co.,
Natural
Paso
1968,
(May).
FINANCIAL
Electric
Paso
El
(October).
loan due Oct. 31, 1960, $400,000
Inc., 3%%
&
Edison, Inc.,
$4,992,000 (February).
shares common stock (par $2.50), $3,999,330
Beaunit Mills, Inc., 216,180
COMMERCIAL
bonds, $1,000,000
pipe line bonds,
1st mtge.
(March).
3(4 7o
Interstate
series,
Interstate
note, due May
434%
Co.,
secured
debentures,
due
Black
(Ala.)
Decker
&
1903,
>
Co.,
&
Light
series,
3%%
due
notes,
El
due
3%%
rntge.
series
Nov.
due
C,
&
Power
Light
serial
3 (4 7c
Co.,
due
notes
1,
1978,
Tower
Fall
Co.
(Detroit)
3%
notes,
Co.,
mortgage loan,
due
annually,
$2,000,000
Sept.
due
$15,000,000
Mills,
Eotany
3%%
15-year
Inc.,
loan,
$5,000,000
314%
Co.,
promissory
Broadway Department
$1,500,000
Stores,
&
serial notes,
4%
due May 1,
loan, due April 1,
15-year sinking
Bigp'ow.
Field
iy58-
fund
Pulp
&
Paper
1,
Line
1963,
3>/47c
Co.,
Co.,
note,
3Va%
15-year
$6,000,000
due
1963,
1963,;
$3,200,000
sinking
fund
due from 1950-1954,
notes,
debentures,
1968, $3,250,000
1,
due-
Flour
(December).
California
promissory note, due Oct. 1, 1963, $10,000,-
Buildings Co., 4(4 %
2-3 year notes,
1st mtge. 30-year 3(4 %
&
Telephone
(July).
Carborundum
Co., 3(4%
(September).'
Power
&
to April
bonds,
due Aug.
due
series
Fruit
Biscuit
$300,000
Louisiana
1976,
notes,
Co.,
Co., 4%
Electric
due
Telephone
(March).
Vermont
due July
15,
Champion
1,
1st
from
1949-1954,
1965,
Sept.
April
due
due
15,
July
$350,000
1,
Gas
(De¬
3(4%
Inc.
Fibre
T.
bonds,
mtge.
fund
series
bonds,
C,
10-year 4'4 7c
bonds,
mtge
$2,500,000
1st
.La
3'4%
Corp.,
fund
'
Co.,
2.6%
note,
Oil Corp., 1st mtge. 3%
$30,000,000 (November).
Gas
of
Express Co., 2%%
Co.
of
3 (4 7c
Aug.
1,
1966,
debentures,
July
1,
1,
&
Co.,
3.65%
1st
3%%
due Aug.
bonds,
'
$1,500,000
series
maturing
43,
due
trust
1968,
Lion
quarterly
to
July
1,
trust
General
Finance
Corp.
(April).
Phoenix
General
due
due
to
Dec.
1,
314%
promissory
notes,
due
July
subordinated
1978,
$1,350,000:
due
March
1,
1968.
Tire
Corp.
&
notes,
due
April
3 (4 7c
3V87c
Rubber
preferred
$15,000
Georgia
sinking fund bonds,
due Nov.
1958,
1,
H.)
1,
perpetual
bonds,
due
from
St.
1961,
$2,500,000
4%
due
15-20
mtge.
bonds,
note,
bonds,
year
series
due
A,
$750,000
sinking
mtge.
loan,
loan,
Corp.
Corp.,
1973,
(June).
3%%
fund
$1,750,000
$1,000,000
(Chanin
bonds,
due
(September).
(December).
Building), New York,
3%%
(July).
subordinated
serial
notes,
1,
1956,
preferred
stock
due
Sept.
.
shares
30,000
Telegraph
&
4J4%
Co.,
2%%
bonds, "series
234%
bonds,
1st mtge,
A,
(January).
Telegraph
&
cumulative
(August).
1,
1976,
314%
sinking
Co., 1st
(August).
$1,000,000
Co.,
fund
mtge.
debentures,
due
1,
Jan.
series A,
$20,-
1968,
(March).
Corp.,
Island
mortgage loan,
Lighting
Cc., 3%
(February).
$12,000,000
Star
Lone
1963,
Gas
unsubordinated
15-year
Co.
stock
3 (4 7c
(no
1953,
1,
$1,500,000
notes,
$7,500,000
Co.,
shares of
$2,000,000
Co.,
McAleer
.
(March).
$500,000
10-year
bonds,
3^%
20-year
&
Co.,
4-4%%
series
promissory
due
G,
Jan.
1,
$32,500,000
loan,
of
stock
common
Maine
Light
1st
mtge.
3%%
series
(February).
bonds,
due
1975,
Co., 314%
Market
sinking fund debentures, due 1963, $3,500,000
C.)
cumulative preferred
stock
due
notes,
1968, $2,500,000
1958,
May,
mtge.
(July).
4%
10-year
due
note,
414%
note,
1961,. $900,000
15-year debentures,
'
Ltd.,
414%
(October).
$1,000,000
due
1,
1933,
1,
1958,
Jan,
v
guaranteed^ note
due
May
(June).
3%
shares
of
dividend
$1
preferred
(March).
stock
(par
(February).
Corp.;
(par
notes, due serially 1949-1958, $8,000,000
35.000
$525,000
stock
1,
414%
Inc.,
Co.,
Co.,
Corp.,
Markley
(par
4'4%
,
Service
Basket.
$15),
■
1958,
^
Mannix
Marathon
(February).
10-year
(March).
$1,200,000
«
$650,000
Co.,
notft, due July
Laboratories,
Public
(Fred)
;
.
Cove Barium Corp.,
$1,500,000
Co.
$4,500,000
1954,
to
(December)-.
(December).
($1
serially
promissory note, due serially to Dec. 1,
(May).
Corp., 3%
Magnet
due
notes,
1
3%%
Co.,
Manufacturing
Me(,chlett
'
convertible cumu¬
$1
(January).
shares
15,000
Co., 6,500 shares of 5%
$650,000 (August).
$100),
Steel
Steel
.McCall
(February).
notes, due 1968, $12,000,000 (March).'
100.000
par),
Lumber
notes,
Geuting Co. 20-year, mortgage bonds,
(A.
Star
Lukens
(October).
Gilbert
3(4%
1st mtge.
1954 to 1968, $20,000,000 (March).
Co.,
$2,000,000
bonds,
serial
due 1965, $5,263,000
Telephone
Jan.
Oil
Lone
(January).
Power
$1,000,000
(A.
mtge.
1st
314%
42nd
$3,000,000
$4,000,000
Corp.,
Georgia Hardwood
$50,000,000
note,
1st
4%
10-year
Corp.,
(August).
4 (4 7c
Georgia Hardwood Lumber Co.,
lative
bonds, due
1st
1, 1976, $1,000,000
$300,000
Shoe
General
serially
Inc.,
Co.,
12-year
Telephone
1958,
cer¬
$8,160,000
1968,
3%%
debentures,
promissory
314%
mtge.
Co,
Corp., 4%
(October).
Lipe-Rollway
$6,480,000
equipment
1st
10-year 334%
&
Cup
due Jan.
Long
2-3(4%
Corp.,
3'4%
(September).
Cigar
General
debentures,
Loan
Lincoln
.
Transportation
Co.,
(par $100),
1973,
equipment
Co.,
sinking 'fund
(March).
(April).
mtge. loan,
Lincoln
1,
(February).
$500,000
15-year
Corp.,
Telephone
$340,000
Lily-Tulip
(October).
$3,800,000
$2,500,000
•
1948,
(August).
loan,
mtge.
Inc.,
Columbus,
$9,900,000
Co.,
Service
Bryant. Inc.,
Liberty
equipment trust certificates, series L,
1949-1963,
$1,-
1958,
bonds,
(November).
Lexington Ave.
due
payable
certificate,
beginning
1,
May
Gas
Corp.,
Telephone
$1,000,000
trust
$250,000
Transportation Corp., 2%%-3%%
series 44, payable quarterly to Nov. 1,
Gerber Products
Cit-Con
trust
equipment
installments
.Co., Inc.,
$8,000,000 (July).
•
note,
Co., 3'4%>
2%%
due
V
(January).
tificates,
1
Corp., 300.000 shares $4 cumulative preference stock
$30,000,000 (June).
Financial
debentures,
,
Express
American
bonds, series E,
3(4%
mtge.
sinking
(March).
Power
fund
due
20-year
-
loan,
$2,750,000
Kreisler
Cross
Lane
,
(December).
3(4%
promissory
(December).
Fuel &
sinking
4'4%,
(February).
000,000
General
1977,
(August).
Corp.,
Service
1st
dated
B,
..
note,
■'«
Wheel
Mutual
$500,000
1971,
sinking fund debentures, due July 1,
mtge.
1st
Natural
Water
$800,000
$500,000
due
D,
series
.•
,
10-year
Trecker
Lane-Wells
3%
(November).
due
due
debentures,
(March).
Cities
$6,000,000
1978,
series
American
Financial
par),
I.
due
bonds,
(April).
(July).
1st
sinking
Co.,
$4,180,000
Co.
(Julius)
Light
par),
(no
bonds,
bonds,
mtge.
1st
Co., 4 (4 7c
.
C.
1968,
15,
1,
(August).
cumulative preferred stock,
$5
(December).
promissory
,■•
1965,
$1,200,000
(July).
$35,000,000
(August).
annually Sept.
General
$7,500,000
1963,
1,
3(4%
2%%,
Serv:ce Corp.,
$1,900,000
&
$4,000,000
T.
bonds,
&
(Jacques)
semi-annual
$1,000,000
Paper
15,
due
mtge.
Co.,
15-year
Public
Cheyenne Light,
(March).,
I.
3%%
mtge.
(March).
$5,000,000
1965, $10,000,000
serially
debentures,
due
note,
Co.,
Power
Co.,
1978,
Cherry-Burrell
C.
March
Sales, Inc., collateral
1963, $30,000,000 (October).
Garfinckel
3(4%
loan,
1st
(Marchl.
$600,000
Central
1963,
due
Trailer
1,
20
General
Ohio Light &
$500/000 (February).
July
collateral
$1,750,000 (August).
promissory
Central
Central
Corp.,
Trailer
•
314%
mtge.
7,500 shares,
Inc.,
Co.,
414%
due
1968,
certificates,
Corp., 3%%
(September);
;
note,
Co.
America,
Growers
in
1958, $7,000,000 (April).
Carrier
1,
fund
(March).
Fruehauf
cember).
Aug.
series,
1st
•
(May).
Inc.,
bonds, series due Jan.
serial note,
(December).
$750,000
Sons,
(December).
Joyce,
sinking fund note, due 1968,
Kern
of
par),
&
Publishing
Kearney
sinking
3%
Utilities
Fruit Growers
3(4%
& Telegraph
(July).
Consolidated
3 (4 7c
mtge.
promissory note,
Telephone
$4,000,000
1st
-
Light Co.,
14,
Co.,
,
(no
Kentuckv
$6,000,000
bonds, $750,000
B
Journal
(March).
Inc., 3'/a%
Co.,, lsj
$1,250,000
Jacobson
500,000
(June).
sinking fund notes,
Supply
1948,
Water Supply Co.,
Kelsey-Hayes
Mills
1957,
(October).
$667,000
Water
1,
Kansas-Nebratka
20-year
Telephone
Sept.
Water
1971, $1,000,000
Central
1968, $1,500,000
subordinated
15-year
'
3'/> -5%
Inc.,
Dec.
series
$8,500,000
.
Four Wheel Drive Auto
(August).
Carr
1963,
1,
■
Co., 1st mtge. 3%%
(March).
(John), Shoe Corp., 12-year 4%
Jamaica
(May).
California Pacific Utilities Co.,
1978,
Feb.
due May 1,
notes,
7.
•
Fruehauf
Caro'ina
due
•
Utilities
$2,000,000
Jamaica
;
note,
$2,000,000
1962,
Public
Florida
(November).
Carolina
$160,009
$1),
(F.)
3(4 7c
(April).
Ships,
Florida
(Feb-,
(April).
due Dec.
notes,
Burlington Mills Corp., 3V4%
Bush Terminal
1952
1,
$400,000
Pipe
Burdines, Inc., 4%
000
(par
(June).
(March).
ruary),
April
stock
(April).
Brunswick
Buckeve
capital
(July).
1955 $2,000,000 (April).
debentures, due June 1,
15-year
Corp.,
Flintkote' Co.,
(June).
$5,000,000
Co.,
Department Stores,
(June).
•
Erockway Glass Co., Inc., 4%
Brown
Inc.,
3 Va7<
(June).
of
:
(October).
Southern
1978,
(Harry) Ferguson, Inc., 10-year serial loan, due June 1, 1958, $1,500,000
•
1963,
Sept.
$L5,000,000
(April).
mortgage
shares
80,000
Works, 3%%
Finance
Federated
(December).
Bridgeport Gas, Light Co. 25-year general and ref.
bonds, series A, clue 1973, $2,250,000 (May).
$2,000,00b
1,
Irving
Corp., 15-year loan, $550,000
Foods
River Gas
Family
(August).
1958-1968,
1,
Sept.
due
series, due Jan. 1,
(February)f;-U7'^ ';i
1968,
(October).
$3,000,000
debentures,
Iowa
v.'
-
Williams
Fairmont
promissory notes, due Aug. 1,
•
convertible
1st mtge. bonds, 3(47o
(March).
Ltd.,
(January).
Eureka
1951-1960,
Co., 3 (4 7c
(September).
Electric Co.,
$4,000,000
Eureka. Corp.
1973,
Gas
$20,000,000
Empire District
(March).
$600,000
Natural
Paso
1963,
.•>
.
15-year
1st
Co.,
Black, Sivalls & Bryson, Inc., 3'4%
Eorden
3 >47c
•..
(March).
Hills
Book
bonds,
mortgage
(November).
Power
$1,100,000
Black
Manufacturing
$3,000,000
Hills
Black
Gas Co. 1st
(February).
$1,000,000
1971,
1968, $5,000,000
,
Securities
'
Birmingham
1963,
1,
(May).
Power
(March).
due
(September)..
Inc., 15-year 3%
7
$25),
$315,000
.
.
shares
12,600
5%
cumulative
convertible
preferred
(June).
..
Gimbel
City
:
Water Co. of Chattanooga, 1st
mtge.
Nov. 1, 1977, $1,000,000 (January).
Ciark
Equipment
$6,000,000
Coca-Cola
Co.,
&
Colorado
Inc..
N.
3%
3(4%
debentures,
due
June.
Y.,
1st
Power
3(4%
Inc., loan
sinking
Co., 374 %
Ohio
Co.,
1963,
for
s. f.
Electric
fund
general
corporate
pur¬
Grand
1,
notes,
due
Rapids
(April). •
1951-1963
Co.,
1st
mtge.
Grayson
Aug.
1
1968
15-year
(December).
$50,000,000
unsecured
bonds
Gas
loan,
series
3%
Gulf Oil
due semi-annuallv
debentures
River
(W.
Electric
Jan.
1,
Crown
Newsprint
1968,
Cork
clue
Co., 4'/,
sinking
$14,000,000 (February).
.June
&
Seal
1,
1960,
Cumberland
Inc., 3(4% sinking fund
$4,000,000 (February).
Danly
due
Machine
Louisville,
20-year
Ky.,
3%
sinking
Specialties,
1958,
Bros.,
Inc.,
1st mtge.
(July).'
$1,750,000
Inc.,
(May).
debentures,
3(4%
15-year 3(4%
note,
Diamond
Alkali
Co.,
3%
notes, due July
Match
Co.,
3%
notes,
due
Di^oaohon^ Corp" iS-year 3(4%'
(February).
1968,
(Henry)
(September).
Dixie
Cup Co.,
(March).
&
Hall
4%
mtge.
bonds,
due
1955,
$250,000
Co.,
fund
due
annually
H.)
15-year
3%
314%
series,
3(47c
sinking
20-year 3 Va %
-
-
1978,
due
>$25,000,000
series,
fund
due
sinking
fund
due
debentures,
sinking fund bonds,
Hunt
3%
V;-£;.■?■? -y
May
Foods, Inc., 4147c
(F.
V'1 Aug.
1,
1963,
$3,000,000
t-
due Jan. 1,
Power
.(May)..
Illinois
1,
1958
$5,000,-
1955-July 1
Jan.
$10,000,000
(July).
1968,
$10,000,000
(July).
sinking fund notes, due Feb. 1,
3%
note,
r
1st
RR.
sinking
fund
mtge.
July
Commercial
1978,
1,
3 (4 7c
due March
due
due
April
1,
1963,
1961,
1,
bonds,
due
/
bonds,
-
.
3%
$400,000
4%
loan,
due
May
1,
1963
$6,500 000
Corp.,
Duncan-Meter
•.
Inc.,
Corp.,
$1,500,000
15-year
1st
3(47e
.
Industries,
(February).
1958
fund
debentures,
1978,
trust
$3,200,000
certificates,
(January).
.
Dec.
notes,
due
Dec.-
y-t.
3(4%.
$1,200,000
15,
1962,
(April).
Co., 1st
(October).
series
X,
trust
15,
1962
(September).
sinking
fund
note,
due
"
due
Stores, Inc., 3>4%
$7,500,000
bonds,
3 '4%
series,
maturing
J-
3Va%
mtge.
bonds,
1st
mtge.
bonds,
series
C,
due
1973,
$1,000,000
series, due 1978, $1,000,000
Aug.
semi¬
314%
secured
notes,
$10,000,000
Power
due
debentures,
mtge.
3'4%
3.107e
$3,000,000
bonds,
June
due
1,
1963,
bonds,
series
A,
(June).
serially
due
Co.,
f
1949-1968,
$2,000,000
3%%
Co.,
bonds,
3'4%
1972,
$1,000,000
due
1
first
(July).
bonds,
mortgage
Co.,
20,000 shares of 57c
$1,000,000
(May).
Water
Water
stock
Chair
due
197U,
Works
Co.,
.
314 7c
mtge.
1st
cumulative preferred
Works
(par
Co.,
47c
Co., 4,000 shares
$100), $400,000 (May).
bonds,
10-year
loan,
$300,000
4.657c
of
series
A,
cumulative
(March).
,
Telephone Co.
15,
National
1978,
Motor
(Honolulu), 314% 1st mtge. bonds, series F, due
$5,500,000 (September).
i
Bearing
$1,000,000
National
Oats
Meter
-
3y4%,
fund
1st
note,
15-year loan,
Power
$50),
(Ind.)
1961,
1975, $1,000,000
C
(May).
Neptune
Ltd.,
series due
series
(May).
(par
Mutual
Co.,
3%
Co.,
Utilities
States
preferred-
due
bonds,
sinking
Water
8-year
Utilities
States
$1,200,000
Murphy
Co.; 1st
Jan.-1,
Co.,
4%
promissory
notes,
$800,000
due
1,
due
July
(April).
Inc.,
notes,
1,
(November).
10-year 3%7c
Co.,
Co.,
1953-1963,
2.257c
and
37c
notes
Jan.
1949-1952
and
(February).
$2,000,000
mtge.
3%
bonds,
series
H,
due
Aug.
1,
1978,
semi-annually:
March
debentures, due
notes, due July 1, 1963, $5,000,000
Telephone Co., 1st mtge. sinking fund bonds,
due April 1, 1970, $750,000 (June).
International Business-Machines
$35,000,000
1
England Gas & Electric Association, 20-year sinking fund collateral
3'47c
bonds, series B, due 1968, $5,225,000 (January).
(August).
Inter-Mountain
(July).
1963
International Cigar
1963,
Interstate
$4,250,000
sinking fund
"
debentures,
(June).
Corp.,
(Ind.)
Muncie-
Muncie
mtge.
Co., 314%
(August). -
Corp.,
Interchemical Corp., 314%
notes,
stock
due,
New
314%,
334%>
$1,750,000 (April).
Steel
$20,000,000
:
collateral
2.85%
(December).
$3,500,000
$10,000,000
$5 000,000
,
'
5%
note,
due
serially
due
1973, $11,000,-
(June).
Inland
mortgage
notes,
Co.,
mtge.
(December).
fund bonds, series A, 334%,
1st mtge. bonds, 3%
v.
bonds,
line
debentures,
(March).
3%%
Co.,
Motorola, Inc., 3'4%
due
Mountain
due
1st
Consolidated
$3,000,000
.
series
Telephone
Acceptance
fund
pipe
mtge.
New
(March).
Brothers
^•Industrial
1
sinking
1st
(April).
Finance
Motor
$15,-
.
Inc.,
(June).
sinking fund debentures, due April 1
1,
$5,-
(April).
$4,300,000
Mountain
equipment
Sept..1, 1975, $500,000
Indianapolis Water Co.,
(May).
1st
Co.,
Utilities
Monmouth
1964,
1978,
due
Terminal
RR., 214%
equipment trust certificates, due
annually, May 1, 1949-Nov. 1, 1958, $1,000,000 (November).
$3,500,000
1963,
(September).
loan, $5,000,000
1st mtge. bonds, due Oct. 1,
Regulator
Co.,
Utilities
Missouri
1968, $7,000,000
debentures,
3%
sinking
Telephone
$2,250,000
1,
(January).
$7,500,000
Power
Montana-Dakota
(August).
mtge.
2V4%
due Nov.
March
due
,
1963,
Montana-Dakota
1st
15-year
1948-1957,
Illinois Consolidated
1963,
'
•
..
3%% -3%%
Donnelley
Corp.,
Missouri
$6,000,000
.
Central
5%
Co.,
$400,000
15,
Mississippi
(April).
.
Illinois Cities Water Co., 1st mtge.
sinking
due May 1, 1973, $1,250,000 (October).
Illinois
1968,
1,
Co.,
notes,
Mississippi Power Co., 1st mtge. bonds, 3'/8%
1,
debentures, due May 1, 1963, $1,250,000 (June).
Sons,
,
semi-annually
1963
1,
&
1, 1963, $800,000
Idaho
May
C.)
sinking fund note,
promissory
(November).
1973,
Lighting & Power Co.,
000,000 (April). j•
'
Huyck
Manufacturing
March
$1,000,000
1978,
debentures,
promissory note, due April 1,
Corp.,
(July),
3%%
20-year
3%
Pipe Line Co., 3%%
$12,000,000 (November).
1968,
000
1963,
1,
1950-Jan.
(November).
Co.,
Minneapolis-Honeywell
$1,000,000
1,
(May).
1952-1970,
$25),
(par
..
Finance
July
(December).
3(4%
Marx,
Houston
J
Dresser
$5,000,000
Inc.,
■
Industries,
1949-1950,
due
through
(March).
"
bonds,
&
1971. $2,500,000
(April).
Ltd.,
Co..
$10,000,000
Johnson'
Miller
bonds,
Co.,
serially
Michigan-Wisconsin
bonds,
mtge.
due
.Mercantile Stores Co., Inc., 20-year 3%%
•• :.v
mtge.
1st
&
notes,
Minneapolis Gas Co., 3%%
Printing
$3,500,000
Household
$3,500,000
'
Sons,
Domestic Credit Corp.,
$1,250,000
(May).
(Reuben
Mead
3%
(May).
Massey-Harr's
cumulative
$4
Illinois
Disston
Edison
sinking
note, due serially to May
Diamond
$2,250,000
'
1st
Stores, Inc. promissory notes
1st
Schaffner
Hecht
$175 000
debentures,
4(4%
due
$5,000,000 (August).
Duplan
i
^
Deep Rock Oil Corp.,
*
loan
of
(March).
sinking fund debentures, $3,000,000
(August).
Co.,
Corp.,
000,000
Co.
Hawley Pulp & Paper Co., 4%
$4,000,000 (May).
^ 3%^ bonds, series B, due Feb. 1, 1973,.
4%
Davison Chemical
Co.,
Dresser
20-year
fund
(June).
000
B
shares
9,250
$138,750
(August).
due
debentures, series
Co.
$15),
.
1St
Davidson
bonds,
Masonite
1961,
1,
May
Corp.,'25-year 3%' loan, due April 1, 1973, $84,000,000 (April).
F.)
1968,
,
Inc.,
July 1,
mtge.
due
I960; $4,009,000 (April).
Power
Hart,
,
Co.,
(September).
Press.,
(March).
1st
Co.,
Apartment
Cuneo
fund
Insurance
(par
'./■,
Power Co.,
(December).
due
Light & Power Co. of Baltimore, 3%
1st
ref. mtge. sinking fund
bonds, series S, due 1978, $15,000,000 (March).
Consolidated Retail Stores, Inc., 10-year 3(4%
note, $500,000 (April).
Coosa
debentures,
$5,000,000
15-year 3%%
Hardware
Gulf
fund
B
(April).
(January).
sinking
series
Hydraulics,'.Inc., 12,000 shares of 5% preferred stock
$300,000
Gulf
3%
Fire
stock
Robinson
I;;
May
Greer
debentures, $600,000
Community Pubic Servce Co., 3(4%
Jan, 1, 1968, $2,000,000
(February).
Consolidated
Rutgers
preferred
Bros., Inc.,
(August).
$10,000,000 (July).
1,
&
.
Southern
Commercial Credit
Jan.
1963,
1,
Brothers, Inc. 3%
(February).
$13,300,000
Goldblatt
promissory note, due serially Sept.
Corp.,
(August).
&
due 1978,
due
(October).
Central
Columbus
3'4%,
Globe
15-year
of
Aikman
$9,000,000
to
B,
(August).
Bottling Co.
$2,000,000
.
series
$4,500,000 (December).
poses,;
Coleman
Collin".
Co.,
bonds
v
Corp.,
3%
notes,
due
July
(August).
series
C,
1,
1968,
>
1963, $4,000,000
Corp.,
Newberry
Newport
3%
debentures,
dut
July
1,
I960,
4%
(February).
sinking
Noma
fund
debentures,
due
J.) Co., 2.90%
(August).
Industries,
Feb.
1,
series
&
sinking
''
Corp.,
3%%
fund
notes,
due
1973,
|15,
1968,
due Sept.
1,
1963,
sinking fund debentures, due Feb.
1,
1958,
Inc., 3Va%
(September).
Electric
$4,000,000
Norfolk
bonds, series A, due Oct. 1,
,
(J.
$2,000,000
Machinery Co.,
^
v
1st mtge. 3%7c
(November).
Bay RR.,
$10,000,000
(August),
Bakeries
York
$14,518,000
■
sinking fund
notes,
Aug.
(February).
Carolina
Telephone & Telegraph Co., 1st mtge. bonds, 3xk%%
A, due July 1, 1973, $600,000
(July).
Ntirtfc
Little
1968,
Water
Rock
1933, $575,000
Northern
1st
mtge,.3'/»%
series
bonds,
B,
Sheilmar
due
Service
Co.,-3Va7e
sinking
Dec.
Service
Public
Co., 3%%
(JUnc).
Public
1998, $700,000
Northwestern
ferred
Service
Service
Co.,
$22,400,000
Tail
500,000
Power
due Dec.
1,
series,
$2,-
1978,
due
notes,
Calif., 15,000 shares of 5% sinking fund pre¬
$100)
(with stock purchase warrants), $1,500,000
(par
subordinated
37/8%
10-year
Pacific
Pialhier
Stendei
F&nola
Gas
Ptej-affin
Oil
Peninsula
Oil
SliOOO.OOO
Power
ferred
1st
mtge.
37o
series,
Philadelphia,
15-year
loan,
Suburban
'
1978,
Co., 3(4%
due
1,
May
1978,
$1,125,000
1963,
due March
Pittsburgh
Coke
l,
shares
4'A %
of
Co., 1st
(September).
Mfg.
4%
Co.,
preferred
3%%
bonds,
mtge.
April
stock
series,
due
State
due
1,
April
Porter
K.),
Inc.,
General
54(000,000
4%
15-year
Electric
Co.,
mtge.
1958,
Co.,
$450,000
Providence Gas
$33500,000
FuWic
1st
mtge.
$3)000,000
Co.
Co.
$100,000
&
fund
due Jan.
bonds,
bonds, series D, due April 1,
due
bonds,
-
Co.,
sinking fund debentures,
Carolina, 57o
1st
mtge.
bonds,
due
due
Corp.,
15-year
Ltd.,
4(4%
due
note,
March
(February).
Purex
Qninto
Creek
$£50,000
Randall
30,
loan,
Co.,
Co.,
and
oil
production
gas
Paper Co.,
(M.l
&
1,
1958,
3%%
1,
due
loan,
1953,
note,
due
Texas
Water
Works
Corp.,
Works
serially Sept.
30,
Dec.
mtge.
3 7o
bonds,
series
Rohm
&
1,
f.
s.
Veneer
&
1963,
Hass
4(4%
of
preferred
due
Feb.
1,
$3,000,000
1966,
Co.,
3%
4%
15-year
sinking
fund
debentures,
promissory
Corp.,
4%
due
notes,
Milling Co.,
Paper
Co.,
3(4%
Inc.,
$6,000,000
due
July
1
1963,
$1,700,000
Trevorton
due 1963, $5,000,000
(October).
Tucson
due
1,
Jan.
Dec.
,
Dec.'
1,
1957,
fund., debentures,
debentures,
due Nov. 1,
1963,
(November).
San. Antonio
Transit
debentures,
serial
15-year
loan,
$750,000
$15,-
d
(Oct.).
;
1st mtge.
Corp.,
series,
-
3%%
pipe line bonds,
(December).
,
'
.
■
San. Antonio
Transit
Co., 3-year 2(4%
equipment
second
bonds,
mortgage
$11,500,000
long-term loan,
Line, Co.,
Line
Pipe
2.55%
due
1,
June
Savannah
Electric & Power Co.,
$£,'000,000
loan
(March),
mtge.
1st
Light
stock
Street
(guaranteed),
128
$31000,000
Hcranton
Well
Surveying
33,i%
note,
Sept.
due
1,
U.
1960,
(October).
&
of
Electric
3'/«%
Co.,
1st
V'
Lace
Co.,
S.
-
15-year
3>'2%
mtge.
bonds,
due
&
Power
Co.,
$100),
(par
shares
15,000
$1,500,000
\
65
7
loan, $1,200,000
(March);
,
;
3(4%
issues.,
of
(December). :
Securities
Acceptance
due Jan.
Securities
1963,
1,
'
*
66
Corp.
3(4%
$2,000,000
Acceptance Corp.,
15-year debentures,
States
subordinated
sinking
fund
51
76
$229,828,780
$450,683,000
$680,511,780
33.8
30.8
31.8-
of
issues..
3%
(November).
Plywood
,
64
$2,500,000
Upper
(July).
of
.
loan, due serially to July
1,
5%
1, 1963,
■
Co.,. mortgage
Sharon
Steel
loan,
$4,000,000
(February).
carry
United
the
in
ITS
CANADA,
33A7c
Corp.,
serial
bonds,
due
due
1963,
-
debentures,
7
1,
Peninsular
(J.)
W.A. Sheaffer Pern Co., 15-year loan (average int. rate
*250,000 annually Sept. I, 1953-1962, $2,500,000 (May).
Shell! Caribbean
*25®,000,000
Shdler
Petroleum
Co.
(N.
J.),
4%
(October).
Manufacturing Corp.,
$£,000,000 (December).
bonds,
due
-
62,500
shares
Co;,
1st
mtge.
7
(December).
Co.,
4%
sinking
•
(December).
' -7-
.
47c * series,
:
due
;
•••
-
common
2.79%),
•
Oct.
' '
stock
due
West
Coast
$1,000,000
.
West
1,„1968,
Coast
Telephone'Co.,
(May).
'.
Telephone Co.^ 33A%
1963. $500,000
(par
Western
SI).
•
—
Auto
$15,000,000
(May).
Supply
'
. ..
:
..
_
7
v
(March).''
« *
-
40,000,000
26,015,000
253,722,000
1,319,167,987
1,561,119,925
- -
__
U—-
-
V
1,145.099,740
-
--
.
-
.
1,086,160,500
-"r-.
f 996,570,320
%
_
280,274,600
634,511,034
V-
527,517,000
383,450,887342,130,300
►
14,500,000
126,566,000
22,032,717
257,652,913
163,564,500
204,693,300
221,147,000
;
248,225,445
V -79,941,679
•,
,
>
125,265,000.
50.000,000
138,998.000
,
1,307,307,500
1,244,795,765
: 360,216,279
.756,776,03*
577,517,900
522,448.887
605,559,300
263,429,000
•
i •'"V''' *r';-;:
1,7,:
\
'
''
«/-.
''-—4—:
bond:s,'due Nov. 1, 1971,'I
^ :.7V;:
777^'
note,'' due' Jan,'" 1,
156,500,000
116,000,000
61,200,000
61,600,000
133.332
—
—
'_2L_—4-^-
*
^
3(4%
219,000,000
,
V-
_
1921
,T
:•«.
sinking fund debentuje^,:vdjae April
Co.7"SO-year
—
23,000,000
1922 ■£££■
*'di>e'>Nov::^lt1V1963,\i
s. >;
1st mtge. ;3(4%'
40,000,000
147,000,CCD
65,062.500
222,250,060
179,500.000
116,000,000
61,200.000
61,733.332
66,015,000
268,222,000
1,135,779,3S0
779,870.286
.1,576,820,900
1,724.684,425
4,349,793,040
3,250,000
,
_
•
notes,-due May 1, 1963, $3,000,000
< • ■ ; /
4,000,000
87,750,000
1978,
,..,^17^.-:^
■.
debentures,
'421,875
i
_
.
^,
Weingarten, Inc., 15-year 33A%
108,000,000
25.062.500
_
1924
.
(May).
188,051,500
98,549,100
59,353,500
59,250,000
1925
"7
$477,200,000
236,983,497
196,792,500
107,723,972
80,353,500
'110,250.000
________
_
1926-
$500,000
Total
Refunding
'87,978,500
1,009,213,390
757,837.569
bonds,"series A, $500,000 i
bonds,
,v
fund
PLACED IN UNITED STATES
PROVINCES AND MUNICIPALITIES) ,
1927
1,
Feb.
.
Power
was
4,000,000
;
:
1929
1949-1951,
bonds, series A,
7."
financing
of
421,875
1931
(
\
■
••
'
.
foreign municipal
by
2,250,000
;
1932.
(
.'7.;v,!
1st mtge. 3(4%
of Pa.,
volume
States
9,174,872
—
..
1934
t
..
.
due
1,
mature
;
8,741,000
1936
$4,-
Sept.
7
(April).
.
rate,
21,000,000
—
'■■■
1933
notes, due
notes, due Sept.
7
;
interest
3%
New Capital
,
-
_
1938
'.J-.;-.V';'-
(March).
Sugar
3(4%
15-year
a
important
really
'
1939
/
(August).
v
1928-1—-il—:
$1,400,000
1
Wayne-Pump
Corp., 3%% promissory note, due 1968, $6,000,000
United States
149,004,997
1940
(August).
3%
loan
promissory
7 i ,v
•
(November).
$2,500,000
Bhalier
18.7.
17 years or so foreign issues have been of
1942
27/8% debentures, due
.7
3(4%
bonds
1945'
cumu¬
1958,
,
117
$456,302,094
23.3
$477,200,000
1944
loan, $2,000,000
Telephone Co. of Pa.,. 1st mtge. 3(4%
$400,000
Stuberjing Rubber Co., 10-year 37/»%
$£.'000,000 (May).
53
$150,311,094
17.1
volume
1943.
*7
loan,
Inc.,
Corp.,
(July).
6-year notes,
127
-
$305,991,000
of total
1941
•
Telephone Co.
United
note,
33.2.
—.;
1947
'
Corp,,
11-year 4%
Carriers,
(February).
(January).
137
$728,557,500
35.3
issues
Calendar Years
1,
$40,000
(May).
,
.
15-year
Machinery
Sugar Corp.,
$4,000,000
States
United
$2,000,000
71
$418,577,500
GRAND SUMMARY OF FOREIGN ISSUES
1923
.
30.2-
30.7
total volume
of
1920
Hcruggs-Vandervoort-Barney, Inc., 3(4%
.
$834,540,289
30.6
In those seven years,, an aggre¬
$9,119,051,306 such issues were floated, while
1919 to date, the grand total has been $14,345,276,-
1935
(March).
$1,500,000
'
157
$507,580,385
29.6
$309,980,000
(INCLUDING
.
(October).
Hoffman
Petroleum
United
92
$326,959,904
982.
1,-v
Jan.
due
(47c-314 % ), due Jan.
Corp., first mortgage
Tool Corp.,
$2,500,000
1963,
$3,000,000
1978,
\'.
36.6,
of
from
(Nov.).
Jan.
1973,
15,
Jersey RR. & Canal Co., general mortgage
States
United
(Mhy). '/.•,
Scranton
Corp.,
215
$957,337,300
34.8
issues
1930
SchlUmberper
87
$418,775,000
38.0
corporate entities.
and
;
-;.'V77 .7;
bonds, due April
(March).
States
1959,
(March).
41.6
issues
......
In the past
1946
New
United
bonds, series due 1978,
93
$433,934,550
64.4
(June).
due
\'-y7
»
Illuminating Co. of New Haven, 30-year
1, 1978, $8,000,000 (March).
000,000
1st mtge. 3(4 7c
55
$210,664,850
total volume
of
undertaken
1958,
',r
$1,500,000
(guaranteed)
2.55%
Co.,
4%
Co.,
loan
Drill
United
38
31.2
^
$538,562,300
clusive,^
(July), v
(April).-.,,,
1963,
1,
(February).
$J5,000,000
1962,
June
note due
$20,000,000
1962,
1973, $6,487,000
series D, due Nov. 1. 1975,
25.2
.
sold at par to
gate
Electric
Rector
United
issues
55
$272,897,500
27.4
.
1963,
1937
$750,000
trust notes,
(November).
San, Jose Water Works, 1st mtge. bonds,
37c,
$580,000 (December).
30
$180,977,500
22.2
1401
only modest size, but in the period of 1924 to 1930, in¬
series,
1st mtge. bonds, due 1973, $1,750,000
57c
\
-
sinking fund debentures, due 1958, $1,000,000
preferred
Feb.
25
'
dwindling U. S. dollar reserves.
625,000 common shares, ^$5,000,000
.;v7'";v",O':
.■.■•vV
Corp.,
United
(November).
27.f
issues
of
The
1,
were
$25,000,000"
1966,
(November).
United
Co.,
$869,990,739
23.1
and are payable in U. S. dollars. They
Prudential Insurance Co. of America,
Equitable Life Assurance Society of United States and
Metropolitan Life Insurance Co. through Morgan Stanley
& Co. The proceeds were used to repay Canada's draw¬
ings of $140,000,000 on credit arranged with ExportImport Bank at Washington and to increase Canada's
Aug.
1, 1958, $2,500,000
debentures,
$24,000,000
Pipe
1,
$2,000,000
$10,-
80
$499,148,114
of long-term bonds to private investors in the United
States.
1943
Two
15-year 35/8%
60
During 1948 foreign security issues, both government
and corporate, placed in this country aggregated $477,200,000 as compared with $236,983,497 in 1947, $196,792,500 in 1946 and $107,723,972 in 1945. The Canadian Gov¬
ernment announced July 13 the sale of a $150,000,000 is¬
15,
debentures,
Corp., 1st mtge. pipe line bonds 3%
3(47c
Water
Gas
lative
1963,
20.5
36.4
Foreign Issues Placed in the
;
(August).
sinking fund
3%%
Co.,
Co.,
Trans-Arabian
to
debentures,
isi
17.6
1965, ;
1963,
1,
due
fund
sinking
notes, due Oct.
series),
Corp.,
1,
1963,
(February).
Regis Paper Co.,
000,000
3(4%
117
$722,001,687 $1,283,561,687
21.4
$223,269,700
Percent
':v-
3.757c
1951-July
15-year note,
15-year
25.2
65
$561,560,000
Volume
(March).
Regis
,$33*000,000
St:
Products,
Inc., 3%%
10-year
Brewing
1,
serially
24S
$1,672,545,379
shares
of
Percent
(July).
July
(Jlilyi.
Russell-Miller
St:
Co.,
Street
1951-July
Cable
debentures
4(4 %
10-year
1968, $60,000,000
Trans-Arabian
(Jlily».
Home
34.0
165
$91,920,000
1938—Number
sue
Corp-. 33A%
due
note,
437
39.2
35.5
Percent of total volume
(October).
Transmission
1,
Thor Corp.,
(April).
389
$1,221,719,324
Percent of total volume
1963,
Total Year
-172
80
Issues,
of
1940—Number
due
Last 6 Mos.
14.0
Volume
1,
Jan.
is
$2,147,584,799
voiume
Volume
'■
,f
4(4%
Corp.,
Transmission
Power
Broad
30
1,
(July).
Feb.
bonds,
4(4% sinking
(February). '
■' ',\v
$1,500,000
stock
■
debentures,
$2,500,000
Co.,
fund
.
Corp.,
Transmission
Gas
Tivoli
Lumber
May
sinking
10-year
Co.,
Gas
(second
Sept.
Texas
due
A,
due
1937
FINANCING
27.3
Percent of total volume
(April).
1,
since
$370,842,625
1942—Number
-
Gas
Texas
(December).
due
Gas
Transmission
Gas
Thermoid
shares
4,500
(October).
BKGDTheatres, Inc., 37c
Roddis
33A%
(June).
$400,000
1963,
1,
Feb.
(June).
Eastern
due
1st
$500,000
Feb.
1952.
v
Volume
Feb. 1, 1963,
due
Products Corp., serial notes, $50,000
Electric
1962
^
of
1943—Number
pre-
debentures,
due
loan,
note,
promissory
(December).
1957, $70,000
1,
Texas
1953-
(October).
Corp.,
$450,000
($100),
note,
fund
$2,750,000
due
40.1
Percent of total volume
(June).
due
(February).
r.otes, due
(September).
Co.,* 3(4%
1, 1978, $1,200,000
Richmond
sinking
33A%
Propane/Gas
Tennessee
'
Water
3(4%
Co.,
lstf-mtge.
Propane
000,000
1950-
(March),
3 (4%-3%%
$2,500,000
Bros.
$500,000
note, $1,500,000
A
due
15-year loan, $2,000,000
(June).
Jan.
cue
10-year
1963,
Richmond
W*r.
annually Oct.
fund
$425,000
15-year
1963,
loan,
194
243
$758,691,200 $1,388,8.93,599
Volume
1937—Number
1957, $1,250,000
1,
(James) Talcott,
(December).
Sbpt.
due
note,
*
(November).
Bhrinelander
Jbne
installment
(October).
Production
Co.,
H&y-O-Vac
Rich-
4 (4 7<>
$1,000,000
of
1939—Number
fund
1948-
.
Inc.,
Electrc
Syivania
Corp., Ltd.,
1903,
note,
15-year debentures, due
sinking
1977,
1,
1,
$450,826,055
Percent of
3(4%-33/4%
Co.,
Propane
Dec.
Super
$750,000
1963,
1,
Fuller
$6,500,000
Suburban
$700,000
1973,
due
37o
due
placements
issues
of
Volume
Inc.,
Aug.
July
(March).
Dec.
Suburban
(March).
Purex
series
debentures,
loan,
due
series,
41.7
Percent of total volume
sinking fund debentures, due Feb. 1,
production
bonds
38.6
Percent of total volume
sinking
due
production
gas
217
Volume
Corp., 4(4% subordinated loan, due $100,000
1950-1957,
and
$200,000
March
31,
1958,;
31,
(April).
$125,000
3(4%
cumulative
fund
fund
lst6Mos.
...
1945—Number
(January).
Manor,
1968,
(January).
Fuel
'
(April),
$2,500,000
1963,
1,
subordinated
sinking
bonds,
semi-annually
CORPORATE
issues,.
Volume
oil
Finance
&
Suburban
1978,
private
issues
Percent of total
(April).
Stetson Co.,
Baer
due
korth
of
3%%
of
1941—Number
23/4%
Corp.,
March
Drug,
B.)
Style
1978,
>
Mexico, 1st mtge.
Sept.
$4
4(4%
(Ohio),
Stromberg-Carlson
1,
.
New
of
&
$3,000,000
(January );
Gas
sinking
4(4 7o
of
20-year 3%
$35,000,000 (April).
1968,
$750,000
(November).
$240,000
(May).
(August).
Public Service
1951,
1977,
Stix,
Co., 1st mtge. 3%%
Service
Pueblo
series, due
bonds, 3(4%
loan;
•/'.
$1,000,000
bonds,
due
mtge.
(May).
3(2%
$1,259,980,750 $1,252,048,795 $2,512,029,545
1946—Number
pre¬
(August).-
(Ind.), 23A%
Royalty
Loan
(John
(November).
Parts
cumulative
(March).
Co,
$12,000,000
(March).
$150,000
loan,
1st mtge.
Potomac Oil Co. (La.), 10-year oil production
Precision
1,
Sterling
(H.
of
Volume
(December).
$1,000,000
$800,000
1963,
all
,
1947—Number
1,
May
(January)..^
10-year
(Ind.),
Co.
Oil
annually
-
loan
of 5%
(February).
3%%
shares
(Indiana), 23/4%
Co.
oil
Standard
Chemical
&
Atwood
convertible
(March).
Portland
Oil
$10,000,000
$12,-
(March).
$750,000
1964,
&
10,000
$500,000
shares
notes,
90,000
Corp.,
Co.
$20,000,000
Standard
(May).
1968,
1,
and
Percent of total volume
1st mtge. bonds, due Dec. 1, 1954, $500,000
par), $9,000,000
$20,000,000
1968,
V'-
of
Volume
Oil
Standard
Inc.,
$50),
$25,000
series A, due
oil
Volume
Co.,
3(4%
Sons,
Factors
Standard
due
bonds,
(April).
Pitney-Bowes,
(no
Standard
1968,
promissory note,
&
stock
bonds,
sinking
Inc.,
/•
Squibb
Standard
mtge.
gen,
37o
:"S.
mtge.
1st
Co.-,
note,
Mills, Inc., 3(4%
R.)
ferred
(June).
Water
Telephone
Inc.,
1st
bonds,
,
Volume
(July).
3(4%
RR.
(August).
Hosiery
008.000
(E.
due
bonds,
(June).
$5,000,000
Washington
&
1979, $17,570,000
Philadelphia
PillSbury
3(4%
mtge.
;•
3%
Baltimore
$2,000,000
1st
Co.,
(December).
Co.,
series F
Light
>y
1948—Number
subordinated debentures, series B,
10,000
due
bonds,
(November).
1944—Number
Co.,
2%7c
mtge.
Co.,
summary
(April).
Co.,
fund
sinking
bonds, $200,000
notes due
(January).
PRIVATE
due
*
$100), $1,000,000
(par
States
debentures,
serial debentures, due
(October).
$1,-
V,
:
&
Power
SIO'.OOO.OOO
1978,
due
Production
.
1st mtge. bonds,
4(4%
Co.,
Service
Public
Sprouse-Reitz
1st
mtge.
mtge.
4'/8%
$1,200,000
33A7e
1st
given in the following table:
(December).
preferred stock
1963,
debentures
(October).
Percent of total volume
Spaulding Bakeries, Inc., 4%
cumulative
bonds,
4%
Co.,
(May).
Investment
stock
Co.,
(February).
Co.,
4(4%
1978,
(April).
$750,000
1950-1951, $300,000
Southwestern
Power
series, due
37c
3(4%
30-year
Co., 4(4%
Roofing
Power
$250,000
sinking fund bonds, due June 1, 1963,
shares of 5%
(September).
Telephone Co.,
$15,000,000 (March).
Iron
Utah
Southwestern
(May).
Pepsi-Cola
NO<v.
due
5.000
Co.,
States
1,
Yucca
1960,
bonds, due Nov. 1, 1973,
1st mtge. bonds,
Co*,
England
Southwestern
due
notes,
.
Corp.,
$500,000
Pennsylvania
Hume
fund
Electric
3%%
Telephone Co., 3(47c
(August).
1978,
convertible debentures, due May 1, 1958,
1st mtge. 4"%
Steel
Pennsylvania
(rot
sinking
(July).
$100),
000,000
3(4%
15-year
(February)
Leases, Inc., 5 7c
(July),
$1)000,000
Phoenix
Inc.,
1,
Southern
1948-1955,
1,
series, due
bonds, 37o
1st mtge.
1st mtge. 3(4%
Co.,
1968, $125,000
Dessauer
'
convertible
Co., 1st
1972, $250,000 (April).
Corp.
A
&
Gas
semi-annually,
(April).
$475,000
1970,
$12,500,000
Dairies, Inc.
Perm-Ohio
loan,
payable $400,000 semi-annually,
(March).
1963,
New
Southern
4%
20-year
loan,
Companies
1,
(par
Corp.,
3.5%
Co.,
$6,400,000
Feb.
(December).
•
Inc., promissory note, due April
Co.,
Telephone
River
$186,995
Power
10-year
(June).
(October).
Indiana
March
due
equipment trust certificates, series A,
Corp., 4'/2 %
York
1,
(November).
1978, $1,000,000
notes,
subordinated
37/8%
10-year
Southern
1951, $250,000
1,
Calif.,
of
&
Jan.
(November).
Water. Co.,
bonds, series C, 3% 7c,
(April).
Hydro-Electric
March 1,
Wolf
Co.,
$1,500,000
(Fin.)
$8,500,000
(February).
Nov.
1,
Park
Wisconsin
bonds, series B, due 1978,1
Gas
Reserve
Wisconsin
...
(
due semi-annually,
1958,
Sept.
Winter
trust bonds, 37o \
$7,500,000
note,
15-year
serial notes,
Sulphur Co.,
Western
due
(April).
$1,000,000
(July).
Telecoin
Jfflly
Pferrar.
Corp.
&
Colorado
Southern
Finance
$8*500,000
3-10%
Co.,
California
$1,000,000
of
(August).
Pacific
Acid
Southern
Calif.,
of
Corp.
Paper
$4,000,000
$10,000,000 (May).
loan,
15-year
3 (4%-4%
Corp.,
1954-1963, $2,500,000
Southern
Corp.
stock
Smith
Southern
2%%
debentures,
fund
Natural
1,
due
Pittsburgh Water Co., 1st mtge. 3l/a%
$1,500,000 (May).
(August).
Finance
ferred
3 Vb'/o
bonds,
sinking
South
.
Co.,
O.)
(A.
sinking fund debentures,
Sutherland
mtge.
1st
„
Glass
Finance
$1)000,000
Pfecific
Co.,
Jan.
series,
collateral trust bonds,
f.
s.
pre¬
(January).
$50,000,000
duej
notes,
sinking fund debentures, due Dec. 1,V
i
25-year 27/8%
Corp.,
4%
Co.,
Western
.
City Gas & Electric Co., 1st mtge. and collateral
due 1978, $1,000,000 (November)
Sioux
(December).
(April).
Owens-Illinois
Pacific
3Va 7c
Trading Corp.,
1955,
Otter
cumulative
5'/a%
shares
(June).
6,00o
$600,000
$100),
(par
Oil
Sinclair
due
1972,
Northwestern Public Service Co., 10-year 4'/a%
due Sept. 1, 1958, $1,300,000 (October).
Olympic
series,
3Vs'/p
bonds,
mtge.
(October).
Public
stock
1st
Co.,
Estate
Simpson Real
(November).
Pattern Co., Inc.,
3(4%
1, 1960, $1,500,000 (August).
June
Northwestern
and
1963, $1,000,000
Simplicity
1978, $600,000
1st mtge. bonds,
Co.
(C'eland)
15,
Light & Telephone Co., Inc., 1st mtge.
1, 1978, $2,500,000 (December),
due Dee.
-
Simpson
debentures,
fund
(June).
Monday, January ;31, 1949
Western
notes, due serially 1955-1962, $600,000
Corp., 2(4%
Products
(May).
Public
Indiana
$9,000,000
Northwestern
Co.
(April).
FINANCIAL .CHRONICLE
&
COMMERCIAL
THE
(492)
1968,'
■:
.JF'arm Loan and Government Agencies
Financing in this classification consisted of
^of the Federal-Intermediate,Credit Banks
eral
•
Home
Loan;
Banks.v.
Financing
;
obligations
and the Fed¬
by, government
agencies)-which in the past decade reached hqge propor¬
tions,; disappeared altogether since October 1941, as a
new',
policy put into effect by the Treasury at that time
provides for the .monetary needs of these
!
taken
care
of
by direct United States
agencies to be
Treasury issues,
'>
■'
....
■
.
'■ /'•"
•••..
r
1948
$2,604,158,259
Oct
1
U.
Depositary
bonds.
1
'a a.v aime n
nou-o-
409,335,400
43,849,187
2,228,248,825
Oct
952,242,867
!oog
323,843,500
638,909,818
404,000,156
234,909,662
—.
!
Total
October——__
11,166,112,478
801,197,000
801,197,000
518,105,273
Nov
12
90
day Treas. bills
901,333,000
890,198,000
757,151,679
i Nov
18
91
day Treas. bills
802,975,000
802,975.000
Nov 26
90
day Treas. bills
900,244,000
900,244,000
U.
S.
418,664,123
477,764,723
195,079,000
'
930,822,000
the
above
tables,
all similar
and
Below
1
for
2
Dec
present
we
S
$
$
New
$
9
91
bills
905,147,000
905,147,000
16
91
day Treas. bills
1,103,335,000
1,100.816,000
,519,000
Dec
23
91
day
Treas. bills
1,001,008,000
1,000,796,000
212,000
Dec
30
91
day Treas. bills
1,101,660,000
1,101,660,000
Dec
15
Ctfs.
519,377,000
519,377,000
Dec
1
U.
1
Tax
Dec
$
Total
23,000,500
1,248,104
*156,942,990
for
404,424,772
61,320,558
10,023,500
190,113,216
106,288,433
1,405,643
107,694,076
149,890,421
*214,348,393
2,473,631
*216,822,024
102,967,421
108,135,852
46,923,000
285,904,613
16,120,300
1,327,307,979 '
20,240,463
1,347,548,442
454,041,860
130,158,300
11,463,154
135,892,501-
124,470,000
7,680,000
132,150,000
49,813,104
286,793,047
185,481,295
118,485,288
;
1,263,913
119,749,201
277,207,313
487,116
273,114,973
;
■
6,047,116
4,793,014
118,439.612
49,150,000
2,127,905
279,162,089
151,793,014
113,646,598
149,665,109
100,736,198
1,897,603
102,633,801
69,486,300
2,971,432
128,914,794
99,440,095
2,021,813
101,461,908
119,479,064
50,271,318
169,750,382
17,864,873 1,599,903,001
——
December
>64,207,783
684,291
16,605,400
for
875,000
1,979,000
50,000,000
150,000,000
47,155,000
625,552,000
672.707.000
97,155,000
575,552,000
20,050.000
12O,95O,vJ0
420,610,500
141,000,000
*
for
V
29,929,500
50,540,000
170,929,500
August
70,590,000
1,022,120,131
1
Total 12 months—'
•Revised
64,195,485
1,086,315,616
-900,940,846
2,004,158,259
months
6
82,060,358 2,686,218,617
23,608,724
2,228,248,825
-
924,549,570 7
365,000,000
•
for
25,715.000
8,769,000
399,-484,000
.
Total
:
40,000,000
34,484,000
65,715,000
333,769,000
162.100,000
64,264,000
A
—
Notes
•
43,849,187 2,272,098,012
576,296,006
78,095,009
498,200,997
September.--—'
-
153,487,000
>;
—
151,323.000
^
2,164,000
A---
i
Treasury Financing, in December
Date
n
•
'Offered
Amounv
Amount
Due
Dated'
Price
Accepted
Applied for
Certificates
.167,000.000
} Notes
Yield
•
November—
■
:
v:
October
89.223,000
f.'gures.
'
-
for
153,487,000
>
———————
Total
•
•
325,000,000
October—
Notes
t
208,253,309 1,160,496,166
952,242,85 7
100,339,500
-
62,100,000
—
71,465,300
'
$
1,256,203,000
<
July———
1 Certificates
88,013,250
50,025,000
277,694,429
Net Issued
$
18,110,653,000
September—
64,892,074
71,407,850
2,946,024 " 188,427.319
Retired
,
19,366,856,000
Certificates
Total
•
FINANCING
,
584,200,160
124,429,347
125,943,362
November
months
Notes
2^6,979,943
■October——
six
Certificates
119,903,471
—:——
1,091,751,255
10,418,215,276
124,256,152
2,643,000
1,972,015
September—
5,528,452.000
83,740,391,000
August—
1J7.931.456
—I.— i—
July
6,620,203,255
94,158,606,276
,
672/707~000
Total
71,344,058
7,982,015
2,987,312
'
Total
August—
8, 778,500
539, 874,800
Notes
87,442,931
1,583,000
401,781,772
540, 366;955
8,778,500
539,874,800
for December.—
79,922,850
31,179,000
1,203,116
1,582,038,128
549,366,955
notes.
Certificates
56,922,250
56,263,931
97,481,574
292,546,016
months—.
bds.
bonds.
Issued
;
98,684,690
294,129,016
219,874,301
631,083,118
6
Savings
Antic'n
♦INTRA-GOVERNMENT
71,343,748
942,015
Total
S.
indebt
Total for twelve months—
$
2,912,000
2,908,412
* 155,594,886
182,131,201
282,917,301
of
Depositary
Dec
Total
$
68,431,748
216,965,889
630,141.103
——
day Treas.
July—
Refunding
Capital
225,793,864
114,287,748
May__
New
10,932,073
February
April————
900,656,000
Dec
1946
January——
June—
3,394,614,000
900,656,000
$
$
Total
$
1,697,015
March—-—
774,678.723
4,169,292,723
"
214,861,791
115,984,763
344,415,600
MONTHS
Refunding
Capital
464,000
344,415,600
day Treas.- bills
tabulation of municipal financing
a
-1947-
Total
v
BY
FIGURES
-1948-
Refunding
Capital
418,664,123
464,000
notes.
November
91
Total
MUNICIPAL
bds.'.
11,135,000
bonds-
Tax Antic'n
Total
Dec
reappear
by months since January, 1946:
For comparative purposes, we give
825,870,478
loans.
war
ous
Savings
Depositary
Nov
in the market in consequence of
portfolio sales by banks, insurance companies, et al., and
public trust funds. Such operations, it may be added,
were extremely heavy in recent years with the proceeds
usually being employed by the seller in the purchase of
Treasury securities offered in connection with the vari¬
I
1
Nov
subsequently been resold by such bureaus to investment
bankers and dealers.
Moreover, the totals exclude all
$794,740,667 in 1945; with $638,909,818 in 1944; $435,-
409,335,400
10,340,242,000
day Treas. bills
434,509,900
connection with
that
1,258,000
/
91
1.125.901.000
bonds
1,258,000
for
342,440,313
figures for that matter, it should be made clear that they
represent only bond issues sold by states and municipal
taxing units to private investors and do not embrace
loans placed with any Federal agencies.
These latter
are
included in our tabulations only when they have
223,191 in 1943, and $523,704,607 in 1942. The volume of
new capital borrowed during 1948, as distinguished from
New
415,277~078
415.277.078
-
175,741,355
181,264,294
1,234,916,402
—
■
Nov
by the States of New York and Ohio of veterans' bonus
issues. Sales during 1946 were $1,160,496,166 contrasted
OF
bds.
4
259,481,836
—.
In
output for the month of March alone reached $631,083,118. This huge total for March was due to the emissions
SUMMARY
Savings
S.
Nov
435,223,191
523,704,607
952,615,173
—
1939
refunding operations, was substantially greater than"for
of. Indebt..
470,897,167
II, by several states. The exceptionally large volume of
borrowings for 1948 is emphasized by the fact that the
since 1939.
$82,060,358
208,253,309
1940
The 1948 total is the largest disposal of any
calendar year on record and compares with $2,272,098,012 reported for 1947.
The
exceptionally large volume ofborrowings in
1948 and 1947 is due in no small measure to the pay¬
ment of "bonuses" to ex-service veterans of World War
any year
Ctfs.
794,740,667
borrowing by states and municipalities aggregated $2,-
with
1
1,160,496,166
S1941—
686,218,617.
$
$
3,912,862,000
Oct
2,272,098,012
1944
■/'■'■'A-';
Indebtedness
Refunding
Accepted
3,912,862.000
Capital
1946.;
the record/reveals that
1948,
year
New
1947
1942
Municipal Financing for 1948
$2,686,218,617
———.
1943
the calendar
Refundings
•1945
1946, $937,890,000 in 1945 and $433,150,000 in 1944.
For
Grand Total
>>
-
9
New
$
•
Year—
Total Amount
Type of
Security
Dated
eral years:
A'- "v'Vv
/The total volume brought out during 1948 by entities
grouped under this classification aggregated $1,062,220,€00 as compared with $661,215,000 in 1947, $861,150,000 in
tions..';/'
r.(493)
,,
the following tabulation of operations for the past sev-
the sale of their own guaranteed obliga¬
of by
instead
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4773;;vf-vV'
Volume 169
y
,
165,930,000
1.050(000
36,603,000
.26,085,000
,
10,518,000
•
•
:
Secretary of the Treasury on Dec. 14 announced
The
There
'
1,312,532,000
801,197,000
Nov
12
90
days
1,361,183,000
901,333,000
99.715
*1.138
Nov
18
91 days
1,390,378,00O
802,975,000
99.712
♦1.141
19
Nov
26
90 days
1,349,202,000
900,244,000
99.713
•1.147
1 Nov 1-30 Nov
1
418,664,123
418,664.123
! Nov 1-30 Nov
Dec. 15, 1949, to the holders of 2% Treasury
Bonds of 1948-50 that were called for redemption on Dec.
15, *1948.
91 days
5
12
Nov
on
standing.
Nov '4
Nov
i Nov
lotted, to the offering of 1 V\ % Treasury Certificates of
Indebtedness of Series H-1949 dated Dec. 15, 1948 and
maturing
•
464,000
464,000
: Nov 1-30 Nov
'
of
STATES
Due
for
six
1
Total
7
i,418,870,000
99.709
900, 656,000
91 days
1,440,433,000
905, 147,000
99.709
91 days
1,701,116,000
1,103, 335,000
99.709
*1.153
91 days
1,426,825,000
1,001, 008,000
99.708
Dec
30
91 days
T,435,690,000
1,101, 660,000
99.708
*1.157
9
65,030,000
■
314,970,000
26,748,000
for
406,734,000
91,778,000
for
.
months..— 21.373,800,500
18,614,349,000
December
12
v-
•
; -
5+
1
Canal
15
1 year
519,377,000
1
10-12 yrs.
540,366,955
540, 366,955
2,759,451,500
12 years
8,778,500
8. 778,500
539,874,800
539, ,874,800
100
Foreign
Service
Retirement
1
December
for
Fund,- Federal Deposit Insurance
Corporation,
and
Savings and Loan Insurance Corporation.
tNet retired, v.
Total for
twelve months
•Average
rate
rate
series,
on
sold
on
E
have
Summary of Special Offerings—1948
In
a
Comprised
a
three
of
maturity,
10-year
are
sold
sepa¬
on
a
series G
interest,
the
following tables we present a summary of
"special offerings" as compiled by the New York Stock
Exchange for the year 1948. Although these for the most
part are included in our compilation of "Issues not rep¬
resenting
12-year maturity,
at 74, and yield 2.53% and
sold at 100. and bear 2Vt7o
basis,
maturity,- are
12-year
a
discount basis,
series
75, and yield 2.90%; series F have
discount
a
'V1/'.
94,156,606,276
...
bank
a
which
of
discount basis at
C,
Federal
6,620,203,255
;
they
financing" in the months in which they
new
occurred
>
we
have for
may
them
present
here
for
whatever
of
C-1948,
sale of
series
C-1949
these
D
and
bonds
began
was
Sept.
C-1950.
Series
discontinued
C
on
earnings
Aug. 31.
interest
c
1.07%.
about
and
SPECIAL
OFFERINGS
COMPLETED
Treasury notes
each month.
interest approximately 1.40% per annum.
1948
1,
accrues
45,589,866,775
Shares
Date
Issue-
Market:
Offered
1-5
Price
Value
18'/a
$166;500
9,000
4-16
8
.—
25
July
1
91 days
1.777, 999,000
1,101, 696,000
99.748
July
8
91 days
1,802, 239,000
1,101, 388,000
99.748
July 15
1,655 ,491,000
905, ,908,000
99.748
*0.997
July
9
July 16
July 23
91 days
July 22
July 29
July 1
1,724 ,853,000
908, ,599,000
-V
'*
909, 689,000
99.748
99.748
.
*0.997
1,689, 397,000
1 year
2,601, ,685,000
2,601 ,685,000
100
1,078 ,583,000
2,103, ,020,000
July 1-31 July
July 1-31 July
12 years
July 1-31 July
2 years
*?•
Accepted
'
Refunding
Indebtedness
Jun
21
July
July
Jun 21
Jun
21
\
1
for
six
months—
45,589,866,775
41,355.688,000
day Treas. bills
1,101, 696,000
91 day Treas. bills
1
1,101, 588,000
1,101,696,000
1,101,588,000
91
| July 8
l'/a
a
July 15
91 day
16, 106,500
100
2
July 22
91
day
140, 082,600
100
b
July 29
91
4,234,178,775
July
1
Ctfs. of
indebt.—
140, ,082,600
;
Treas. bills
July
1
Ctfs.
of
indebt—
1,078, 583,000
1
Ctfs.
of
indebt
2,103, 020,000
U, S.
92 days
1,608,398,000
906,388,000
99.745 + *0.997
1 July
91 days
1,447,552,000
900,595,000
99.730+ *1.066
July
92 days
1,493,468,000
473,493,142
1,000,376.000
12,539,674,163
19 1
1
10-12 yrs.
31 Aug
12 years
2 years
473,493,142
•
3,889,000
31 Aug
52,881,200
for
August
a
100
100
308,750
400,000
:
570,900
■;
154,000
25>/a
169,142
7,158
17%
127,055
"
Antic'n
notes-
1,672, 717,063
SPECIAL
16, 106,500
V
1,672,717,063
16,106,500
Date
140, 082,600
140,082,600
4-30
July
—
„
92
19
91
day
12,539,674,163 10,710,768.000
Treas. bills
92
day
Treas.
Aug
■
Aug 12
Aug 26
A
4,140,314,342
1
U,
S.
5
2
91 days
1,614,413,000
1,000,566.000
99.728 + *1.075
Aug
9
91 days
1,597,589,000
1,001,528,000
99.728+ *1.076
Aug ;
16
91 days
1,685,109,000
1,100,616,000
99.726+ *1.083
Sep
23
91 days
1,397.986,000
1,000,796,000
151,925
$3,400,033
30
91 days
1,410,855,000
15
1
99.720
*1.109
1,102,605,000
1%
3,595,374.000 100
a
a
411,768,940
906,388,000
'
: 906,388,000
900,595,000
1,000,376,000
H.
L.
G.
C.
Co.,
1;
1,000,376,000
473,493,142
—
900,595,000
bills
1
Sep
i
Sep
*
1
1 Vs yrs.
3,505,374,000
10-12 yrs.
12 years
Sen
Sep
411,768,940
3,294,500
3 years
716,594,100
3,294,500
100
2
716,594,100
100
c
Total
2
Sep
Sep
9
-
for
August
day
91 day
91
4,140,314,342
hills
Treas. bills
Treas,
September
9,933,142,540
16
91
day
Treas.
23
91
day
Treas.
',/3:
1,101,319, 000
99.718 + *1.114
day
Oct
91
days
1,413,923,000
902,136 000
99.717+-U.118
99.717 + *1.118
Oct
15
Oct
91
days
1,601,346,000
Oct
22
Oct
91 days
1(740,640,000
900,834, 000
901,204, 000
Oct
Oct
Oct
Oct 1-31 Oct
Oct 1-31 Oct
Oct 1-31 Oct
99.717+ *1.120
100
1.102,605,000
1,101,696,000
3,695,374,000
IV2 yr. Treas. notes
■
bds.
?:
3,294,500
.3,294,500
716,594,100
.716,594,100
September
_i
9,933,142,540
8,8<)0,376,000
bonds-
1,256,445,000
1.365,442,000
1 year
3,912,862.000
415,277,078
1,365,442 000 100
3,912,862, 000 100
415,277 ,078
a
7
91
day Treas.
bill4
1,101,319,000
1,258,000
1,258 000 loq
2
Oct
14
91
1,101,319,000
902,136,000::
409,335,400
409,335 ,400 100
Oct
21
91
day Treas. billS
day Treas. bills
902,136,000
c
900,834,000
900,834,000
28
91
day Treas. bills
10-12 yrs.
12 years
3 years
Total
1V4
October
————11,166,112.478,
for
Not
on
>
Oct
1
Ctfs.
of
indebt,—'J,
901,20^,000
1,256,445,000
OCt " 1
Ctfs.
of
indebt.-—
1',365,442,000
Oct
-
901,204,000
t,256,445,000
1,365,442,000
Value'
10,435
18
23,000
39
14,402
42>/2
$448^705
414,000
561,678
:
3,215
77,500
51,052
;
136,638
$1,561,021
Representing New Financing
occasion that
do
so
by making
or
owners
of large blocks of
outstanding for
some
time,
part of their holdings, prefer
public offering of the securities
a
Likewise
1,132,566,540
some
public
utility
holding
companies
complying with the Utility Holding Company Act dispose
of their holdings of subsidiary
companies through public
stock
Similarly "special offerings"
exchanges
are
VA
a
8,000
securities which have been
offerings.
1%
1 year
1 year
909,000
notes.
Tax Antic'n
18,500
—„
Sold
43
involved.
411/768",940
411,768,940
1,256,445, 000
Oct
for
Savings
Depositary
1
Sep
happens
3,595,374,000
91
1
[Sep
Issues
It
to
1,100,616,000
1,000,796,000
15
com.
(4)
desiring to liquidate all
1,001,528,000
1,100,616.000
30
S.
530,263,342
1,000,566,000
1,000,796,000
Sep
U.
3,610,051,000
40,000
Co., Inc.,
Murphy Co
-No. of SharesPrice
——-
3,889,000
52,881,200
bills
Sep
1,676,128,000
1,001,528,000
—
bills
Treas. bills
Sep
——
91 days
1,000,566,000
■"
11,000
—
Green
Total Offerings
473,493,142
802,692,000
52,881,200
Sep
Oct
802,692,000
3;839,000
Sep
for
<
Depositary bonds—
Tax Antic'n notes-
'
common
COMPLETED
Offered
10-19
1,828,906,163
NOT
Shares
>■;
Colgate-Palmolive-Peet Co._
Virginia Electric & Power
99.724+ *1.092
Sep
day Treas. bills
Savings bds.
91 day Treas. bills
Aug
i
OFFERINGS
/'.'c-:
Issue—
6-14
for
2
b
Sep
Total
44
—
5-17
Total
a
Sep
20
16
33
—
*1.072
Aug
'
——
3,889,000
52,881,200
99.726
Savings bds.
Depositary bondsTax
Sep
Sep
23%
17,300
531,686
-
—f7 6,633
2,103,020,000
1
31 Aug
20
13,000
25,000
213,000
-
1,078,583,000
July
July
Aug 26
20
29
3,500
2,601,685,000
*0.997
>
Sep
170-000
18,334
—
10-18
2,601, 685,000
325,000
909,689,000
99,748
Aug
Sep
32i/2
.—
909, 689,000
Aug 12
Oct \ 8
53 V*
11-23
802,692,000
t>
1
International Harvester Co
10-20
1,707.403,000
*
Oct
4,000
.—
908,599,000
-
91 days
Aug
Total
34
.—
Co
8-31
905,908,000
bills
Treas.
5
Total for July-.
)
Steel
10-8
905, 908.000
908, 599,000
day Treas. bills
1
Acme
9-30
July
1,672, 717,063
1,672, 717,063
16, ,106,500
10,000
5,000
7-28
8-19
S
^
7-1
264,000
.—
1 VB
1 ■';•/!•-. 1 year
1 10-12 yrs.
1,078, 583,000 100
2,103, 020,000 100
.'V .'V
5-5
New
Total Amount
; iy.
1 year
t
Total
*0.997
91 days
OF FUNDS
Type of
Security
Dated
33,000
.—
♦0.997
91 days
.USE
*0.997
29
interest
readers.
our
Comprised of separate issues designated Treasury notes of tax series
If held to maturity of 3 years
Jun
Fund,
Retirement Fund, Alaska Railroad Retirement
Fund, Postal
Government Life Insurance Fund, National Servlco
100
3 years
Retirement- Fund,
ce
System,
Insurance
a
Dec
Zone
) Savings
V/4
519, 377,000 100
Dec
C-1947,
Jun
114,000
314,956,000
sales of special series certificates and notes; certificated
Adjusted Service Certficates Fund and Unemployed Trust Fund
notes to Federal Old
Age and Survivors Insurance Trust Account,-
'
Dec
6
Total
7/,
months
380,000,000
to
*1.154
24
and
*1.152
16
Dec
Dec 1-31 Dec
Yield
sold
*1.150
23
The
Price
91 days
,
.
176,468,000
♦Comprise
Dec 1-31
Tax Administration
Amount
Accepted
2
:/*—__
■
4,169,292,723
_
Dec 1-31
FINANCING DURING 1948
Amount
Applied for
$
Total
:
Dec
have
TREASURY
A;-Av> '
November
Dec
3
Dec
operations to the usual weekly sale
Bills, Savings Bonds,
Dated
c
100
Dec
b
UNITED
/
Dec
Depositary Bonds.
Date
344,415,600
344,415,600
2
10
are
Offered
3 years
100
17
Dec
received.
Treasury Department in December, outside of the
Notes and
.
Dec
maturing Jan. 1, 1949. Cash subscriptions were
Treasury
1
1
.
'
27,135.000
a
Dec
1949, in the amount of $2,591,911,000, or Treasury Notes
of Series A-1949, in th.e amount of $3,534,818,000, both
of
26
Nov
hold¬
Treasury Certificates of Indebtedness of Series A-
The
12 years
a
•
.
Treasury Certificates of Indebtedness of Series
above, confined its
10-12 yrs.
203,603,000
December—
♦
Certificates
1 Notes
Toal
Total for
v.;\;
A-1950, open on an exchange basis, par for par, to
ers
"
Total for November—:
.
•1.129
$571,431,150 of these bonds out¬
were
; Secretary of the Treasury Snyder -on Dec. 15 an¬
nounced the offering, through the Federal Reserve Banks
of iy4%
;
99.715
j Oct 26
al¬
in subscriptions were received and
that $519,377,000
$
i
ings in
whose
our
totals since
securities
are
proceeds of the sales.
place in
our
on
the
several
included with the secondary offer¬
1942.
Of
involved
course
receive
the companies
no
part
of
Such offerings as these have
compilation of
new
issues, but
we
the
no
have
10
have
may
Lynch;
them
tabulated
i
COMMERCIAL
THE
(494)
separately for whatever interest they
their own account, and present the results:
on
:
NOT
REPRESENTING
Smith;
FINANCING
NEW
Inc.;
' '
1945
"
1944
.
$
9,181,100
60,941,349
535,222
29,759,176
53,842,637
52,313,953
139.381
sperger,
21,820,596
93,147,746
54,491,514
227,634
—.—
Tot. 6
10,880,842
26,276,816
9,578,026
20.776,075
53,989,592
40,015,470
5,289,157
59,673,542
November
10,950,161
10,867,910
27,823,491
20,876,967
37,637,292
38,792,030
51,230,748
i
,
&
Below
including
issue of
every
Russ
Straus
&
&
RAILROADS
]
Thomas
$4 850,000
S.
2 )4 %
1949-1958.
purchase
Purpose,
.
Dick
Merle-Smith.
&
-
-
i
,
due
K,
annually May
due
Priced
equipment.
"
C
to
1978.
S.
t
Purpose, purchase
i
7'
-'"]].
York
annually
r.
W.
&
.
Co.
Otis
&
RR.
Jan.
Pressprich
!
Co.
&
1978.
and
'
Merrill
$12,000,000 Georgia
1978.
Co.;
Blair
Hutchinson
Miller
Hayden,
&
&
&
Corp.;. Freeman & Co.;
Julien
Co.;
Co.,
Collins
S.
Yantis
and
F.
Graham.
Co.;
&
Co.
&
]/..
&
Drexel
;
Co. 2 Va % equipment
due annually Jan. 1, 1950-59.
■
of
bonds,
construction.
B,
dated
\ :
3% %
'
serially
99Vfe
W.
.
to
-
■
;
Water
Dec.
1,
Co.
1978.
*3,000,000
according
Co., Inc.
mortgage 4)4%
to
purchase'
Purpose,
Utilities
Co.
3.10% '
7
due
($1,600,000),
term
loans
Price,
refunding
($1,400,000).
ing to maturity.
Sold privately
Northwestern
and American
.
Mutual
Life
National
Co.;
Insurance
.;
of
of
.
]?*""]
.
..
.
serially
(
accord¬
*400,000
State
Bank;
Bankers
1
The
Life
*2,500,000
Bros.
Shields
Co.;
&
Pollock &
Wm. E.
Co.:
First
Co.,-Inc.;
Co.;
Dallas
&
Co.;
Northwest
West
&
Crowell,
Union
Weedon
Trust
Co.;
H.
L.
Drexel
Emerson
Alfred O'Gara
& Co., Inc.
'Corp.;
Yantis
&
Thomas
Co.;
and
Co.,
&
S.
F.
&
Schoellkopf.
Barney
Co.;
Western
Light
C,
&
Wertheim
&
Co.;
due
&
Dec.
program.
privately
Bedford
Gas
series
$43,550 .000
PUBLIC
Power
Peck;
1st
3%%
bonds,
mtge.
series
due
J.
C.
&
Co.,
&'
Stockton
Co.;
&
Inc.;
Co.
Haupt
Ira
Milhous,
Inc.;
&
&
Broome
Co.;
Martin
Hill
&
Co.;
to
Co.;
&
Otis
series,
&
Wood
&
&
Co.,
Wheelock
Co.;
Co.;
Wyatt,
Neal
&
Cummins,
Telephone
Telegraph
&
Co.
3%.%,de-
25-year
due
bentures,
sidiaries
Dec.
1973.
associated
and
extensions,
The First
1,
etc.
for purchase
companies
Price,
Boston
advances
Purpose,
and
101.61
interest.
to
Co.;
Wheelock
and
1,
Yarnall
&
Co.;
of stock,
finance
by
Co.
(Inc.);
Securities
Co.;
Bradford
&
&
Co.;
W.
E.
Burr,
&
Brooke,
Brush,
Co.;
&
Burr
-
Inc.;
H.
&
Crouter
Merle-Smith;
Pont
<$c
Col;
Co.;
R.
Dittmar
&
Co.;
A.
du
Equitable
Evans
&
Co.,
S.
J.
Co.;
Co.;
K.
&
Charles
J.
Drew
H.
Edwards,
Securities Corp.;
Este
Inc.;
&
Co.;
&
&
& Co.;
Co.;
Clement
Co.; J. H. Hilsman & Co., Inc.; Indianapolis Bond & Share
Jenks, Kirkland
& Co.;
R.
H. Johnson & Co.;
C.
Jones
Laird,
Bissell
Lomasney
&
&
&
Co.;
Kaiser
&
Meeds;
& Co.;
bacher
-
1978.
Eastern
due
mortgage
Purpose,
-
etc.,
bonds,
prepayment
finance
Pipe
1973.
Line
Co..
Lawson,
Mackall
&
Levy
'
;
Coe;
Mason,
Moran
&
Co.;
bonds,
Price,
%
&
of
of
&
pro¬
*350.000
1st mortgage bonds,
Purpose, finance con¬
101.39
and
interest.
investors
through
*4,000,000
3)4%
sinking
fund
promissory notes,
*i,000,000
i
Offered
Dec.
i
California;
Pacific.
&
through
Co.
-
The
-
■
First
Boston
*900,000
*500,000
„
i
*2,500,000
Co.
Inc.
IS63.
at
price
of
103.96.
•
•
program.
Halsey,
Stuart
Price,
&
Co.
102.46
Inc.;
Biscuit
Co.
capital.
Sept.
1,
1958-1968.
privately to Equitable Life
States.
4%
Sold
loan,
privately
due
to
1949-1954.
Northwestern
Co.
Co.
12-year
3)4%
Sold
program.
loan.
privately
to
Purpose, finance ex-f
Northwestern Mutual
Co/
Machlett Laboratories, Inc., 4)4%
finance
purchase
Mutual Life Insurance
mortgage note, due 1961.
equipment.
Sold privately
of
Co.
of
New
Yprk.
Spaulding Bakeries, Inc., 4% 1st mortgage
bonds, due Dec.
1, 1954.
Purpose, finance modernization of main plant.
Sold privately to an insurance
company through Kidder,
Peabody & Co.
Wayne Pump Co. 4%
Purpose,
&
sinking fund debentures, due Nov. 1
Sold privately
through Henry
expansion.
Co.
$24,250,000
OIL
Feb.
1,
Oil
Co.
1963.
United
,
States
to
j *$2,500,000
15-year
Life
Morgan
BUILDINGS,
debentures,
construction
Assurance
Stanley
&
ETC.
due
program.
Society of the
Co.
*
x
-
Journal Publishing Co. 1st mortgage 4)4% 20-year bonds.
Purpose, finance building construction.
Sold privately to
i
Mutual
,
Corp.
2%%
finance
Equitable
.through
LAND,
.
(Ind.)
Purpose,
Sold privately
,
Standard
Life
Life
Lutheran
Hospital,
Insurance
Co.
Insurance
of
Co.,
New
York,
Greensboro,
and
Jefferson
N. C.
.,
3)4%)
;
■ -
and interest.
Offered' by
Graham,
Parsons
& Co.;
serial
1949-July
,
100
to
1,
;
*6,500,000
.
according
to
Dec.
15,
Ohio,
1st
maturity.
Co.
(
1st
1968.
mortgage
Purpose,
334%-
$Represents issue sold competitively.
/I
$
•
i
(3%-
Offered
by
B.
C
sinking fund bonds,'
capital purposes.
Placed
'Represents issue sold privately,
t
mortgage
...
Style Manor, Inc.
due
Cleveland,
bonds, series A, due semi-annually July 1,
1963., Purpose, construction.
Priced
from
100.50
Ziegler &
-
.
P :
annually
Sold
United
Corp. 3,/a%' promissory note, due serially
1963.
Purpose, retire bank loans, working capi¬
privately to Prudential Insurance Co. of America.
*$10,000,000 Standard
i
Coke Co. 3% convertible debentures,
Purpose, finance construction program.
average
MANUFACTURING
due
Insurance
Insurance
1963.
$5,500,000 Potomac Edison Co, 1st mortgage and collateral trust
bonds, 3 V4% series'due 1977. Purpose, finance construc¬
tion
1,
Sold
Herrman
Price, par (flat). Offered for subscription by stockholders.
Unsubscribed ($751,700) debehtures sold by Halsey, Stuart
&
Dec.
Lane-Wells
to
North¬
"
<
AND
notes,
working
Life
Purpose,
&
Light- Co.
1st
mortgage 3)4%
Purpose, finance construction program,
interest.
Sold
privately to a group of
companies
1,
3%
Cherry-Burrell
Life
250,000
due
Co.
pansion
Power
1978.
and
Drexel
374%
promissory note, due serially to
repay short-term
notes, working
privately
with
Penn
Mutual
Life
In¬
through E. H. Rollins & Sons, Inc.
Carr-Consolidatcd
tal.
:
due
Sold
Harris,
of Lincoln, Neb.
Purpose,
INDUSTRIAL
Mutual
$16,400,000 Peoples Gas Light &
Merrill
Co.
Purpose,
Co.
101
Cummins,
Co.
Co.
working capital.
Assurance Society of the
&
Co.
&
&
Placed
Puipose,
notes
construction
Purpose, prepay
Price, 100.845 and .interest.
Pacific
-
Co.;
3%
debentures, series' B, due Jan. 1,
acquisition.
Sold
privately to a single
Co.;
Co.;
insurance
and
Kean, Taylor &
Thalmann & Co.;
& Williams; D. A.
McJunkin, Patton & Co.; McLeod, Young, Weir, Inc.;
Lynch, Pierce, Fenner & Beane; E. W. & R. C.
Miller & Co.; Minsch, Monnell & Co.;
Moore, Leonard &
1958.
OTHER
3V47»
Co., Inc.; Granbery, Marache & Co.;
Laird, Bissell & Meeds; Laurence M.
Co.;, Moore, Leonard & Lynch;
Maynard Pi.
&
&
Staats
$9,000,000
&
*10,000,000 Pennsylvania
Co.;
Nongard;, Ladenburg,
Steel
*$15,000,000 Borden
1st
Co.; -Singer, Deane & Scribner; Richard W; Clarke
Corp.; Clement-A. Evans & Co., Inc.; J. M. Dain &
Co.;'
Newhard, Cook & Co.; Reinholdt &
Gardner, and Schwa-"
Corp.;
Ketcham
;•
&
Hallowell, Sulzberger & Co.; Harley, Haydon &
Harrison & Co.; Ira Haupt & Co.; Heller, Bruce
Co.; Herrick, Waddell & Reed,'Inc.; Kenneth B. Hill &
Robert
Co.
Pomeroy,
Corp.
surance
'
Inc.
west
Co.;
Co.;
1,
additions,
Dickson
Murch
Co., Inc.;
&
S.
Marks
Inc.;
Foster
Dec..
construction.
Harrison
■
Elworthy
Farwell, Chapman & Co.; Field,'
Marshall; Glover & MacGregor,.
Die.; Graefe & Co.; Graham, Parsons & Co.; Granbery,
Marache
&. Co.;. Gregory
& Son, Inc.;, Grimm & Co.;
Grubbs, Scott & Co. Inc.; G. C. Haas & Co.; Hallgarten
Richards
R.
M.
De Haven & Townsend,
Dempsey & Co.; Detmer & Co.; Dick &
Francis
I.
&
Co.;
Clark & Co.; Clayton Securities
Inc.;' Cohu & Co.; C. C. Collings
Co.; Davis, Skaags & Co.;
& Bodine;
&
Co.
Co.; Lee Higginson qorp.; E. H. Rollins & Sons
Inc.; Shields & Co.; Dean Witter & Co.; R. W.
Pressprich
& Co.;
G. H. Walker & Co.; Blair &
Co., Inc.; Clark,
Dodge & Co.; Hallgarten & Co.; Harris, Hall & Co.
(Inc.);
Reynolds & Co.: Graham, Parsons &
Co.; Folger, Nolan
Inc.;
Baker, Weeks & Harden;
Mitchum,
Tully & Co.;
Rauscher, Pierce & Co. Inc.; Schoellkopf, Hutton & Pom¬
eroy, Inc.; Stifel, Nicolaus & Co., Inc.; E. W. Clark &
Co.;
M.
&
Co., Inc.;' Cqoley
Co.; Cunningham &
Cunningham & Co., Inc.; Henry Dahlberg &
Dain
Stokes
Slocumb
Hutton
Byllesby &
Cassell & Co., Inc.; City
Co.,
Byrd Brothers; C. F.
Corp.;
Coffin
Corp.;
C.
Broome
and
Electric
*
debentures,
by Kidder, Peabody & Co.; Merrill Lynch,
Pierce, Fenner
&
Beane; Halsey, Stuart & Co. Inc.; The First Boston
Corp.; Carl M. Loeb, Rhoades & Co.; Blyth &
Co., Inc.;
Eastman, Dillon & Co.; Harriman Ripley
& Co. ".Inc.;
Lazard Freres & Co.;
White, Weld & Co.; American Securities Corp.; W. C.
:Langley & Co.; Salomon Bros. & Hutzler;
Hemphill, Noyes & Co.; Hornblower & Weeks;
W.
E.
Corp.;
J.
Stockton
&
for
debentures,
and
Burnham
Steel
Purposef,
Lukens
to
'
Company;
Auchincloss,
Parker & Redpath;
Whipple & Co.; Ball, Burge & Kraus; Barrett,
Fitch & Co., Inc.; Barrow, Leary & Co.; J. Barth & Co.;'
George K. Baum & Co., Inc.; Bear, Stearns & Co.; Biddle,
Whelen & Co.; Bioren & Co.; Blair & Co., Inc.; William
Blair
due
30,000,000 Panhandle
Bacon,
Co.;
serial
working
Price,
102.50
and
interest.
Offered' by Halsey,
Co. Inc.; R. J.
Edwards, Inc.'; H. I. Josey & Co.;
Milwaukee Co.;
Mullaney, Wells- & Co.; Otis & Co.;
Phelps, Fenn & Co.; Salomon Bros. &
Hutzler; Stroud
& Co., Inc., and Thomas & Co.
,
Halsey, Stuart & Co. Inc.; Adams
& Peck; Geo. G. Applegate; Arnhold and S. Blei'chroeder,
Inc.;
Arthurs, Lestrange & Klima;
C. S. Ashmun Co.;
Atwill
Stuart &
3)4%
r
Inc.;
Inc.
1978.
Price,.
institutional
six
Dec.
1,
capital.
The
sub¬
Offered
Armco
1968.
Stuart &
Inc.
$150,000,000 American
•
Halsey,
Co.
replenish
&
Co.*
IRON, STEEL, COAL, G'Ot'PER, ETC.
.
*4,000,000
gram.
E.
F. S, Yantis
and
& Waggoner,
Harold
Inc.;
Gas
contracted
Stubbs, Smith & Lombardo, Inc.; Thomas & Co.; Watkins,
Morrow
,
*$5,000,000
f.']] ]
,
Co.;
&
Gas
&
Co.,
&
R.
(Inc.), and The First Trust Co.
investor.
by
Purpose,
$7,500,000 Oklahoma
Mul¬
Patterson, Copeland &
Kendall, Inc.; Stem Brothers & Co.; Walter Stokes & Co.;
Wells
laney,
Offered
Co.;
Dewar,
$432,176,400
Pur¬
due
capital.
Price,
101.692 to 100.377
according to maturity.
Offered by The
First Boston Corp. and
Equitable Securities Corp.
Co.;
&
Co.;
1972.
& Edison Light Co.
25-year 3% notes,,
Purpose, pay promissory notes and
plant replacement fund.
Price,
100)4
to
Natural
1966-1969.
property
Bradford
Hilsman
due
1973.
interest.
$6,000,000 Northern
additions.
Price,
102.75
and
Offered by Halsey. Stuart & Co. Inc.; Adams &
Cassell
F.
H.
J
due
UTILITIES
Co.
Purpose,
interest.
C.
L-
moneys
and
1978.-
'
A,
repay
$$12,000 ,000 Alabama
bonds,
Farm Life Insurance Co,
$5,000,000 New
&
Hutton
William
Telephone Co.,
3%%,
Hall & Co.
construction,
etc.
Price, 97.93 ' and interest.
Sold
privately to The Mutual Life Insurance Co. of New York;
State Farm Mutual Automobile Insurance
Co., and State
•
&
Davies
Bodine;
Upper Peninsula Power Co. 1st mortgage
bonds, 4% series,"
due
1978.
Purpose, retire bank loans, working capital.
Price, par.
Sold privately to Travelers Insurance Co.
pose,
Michigan Corp.; Freeman & Co.; Graham, Parsons &
The Illinois Co.; Hayden, Miller & Co.; Edw. Lowber.
Stokes
&
Co.; McMaster Hutchinson & Co.;
Mullaney,
Wells
&
Co.; William
Blair &
Co.;
Clayton Securities
Co.;
-
Co.; Paine, Webber, Jackson &
Winslow, Inc.; Prescott, Hawley,
&
Hutzler;
Smith,
struction
Co.
*1,000,000 Montana-Dakota Utilities Co. 3)4%
of
Co.
&
Hornblower
N&
&
Inc.;
Sullivan
&
Whiting, Weeks & Subbs,
series
Co.
The Great-West Life Assurance Co.; NorthwesternNational Life Insurance Co., and Ohio National
Life Insur¬
ance
Kraus; *■'
Employers Mutual
York;
of Iowa;
Securities Corp.; Harris,
Hall & Co.
(Inc.);
& Weeks; Otis & Co. (Inc.); L. F. Rothschild
Co.,
&
Becker
Inc.;»Chas, W. Scranton & Co.; Shields & Co.; Shuman,
Agnew & Co.; Sills, Minton & Co., Inc.;
Singer, Deane &
Inc.;
short-
Trust & Savings
Minneapolis; First
American
New
G.
Stern, Frank & Meyer; Stix & Co.; Stroud & Co.,
Inc.;
Sutro & Co.Swiss American Corp.; Spencer Trask & Co.;
Tucker,
Anthony
&
Co.;
Underwood, Neuhaus & Co.; *
Union Securities Corp.; Victor, Common, Dann & Co.; 7
v Walker, Austin Waggoner; G. H. Walker &
Co.; Watling,
to Harris
Bank
First
Co.
98.58.'
repay
Burge
A.
Townsend, Crouter &
Pancoast; .Doolittle & Co.;
Perrin,
Scribner;
V
;
.r
100-101.66,
National Bank of Duluth;
Liability Insurance
„
77
-,
series, due
due
Bosworth,
Co.;
Dillon
Lerchen
Purpose,
bank
./;
,
:;;]-
bonds,
1949-1968.
Co.;
&
&
Pacific
pany;
mon
Price,
share
one
Shepard & Co., Inc.; R. W. Pressprich & Co.;-Quail & Co.;
I,,--'--' ..Rauscher, Pierce & Co., Inc.; Reinholdt & Gardner; The
Robinson-Humphrey Co.; Rotan, Mosle & Moreland; Salo¬
Sold
bonds,
&
Dain
Curtis;
refunding, Priced from*
maturity.
Offered by Warren
Purpose,-extensions and improvements.
privately to institutional investors.-'
Montkna-Dakota
]7."'77 77]
Purpose,
101,
&
1st
and
Co.,
&;-Harden;> Bali,
'Cvil#;
•
«.
note
Co.;
Johnson, Lane, Space and Co., Inc.; T. H. Jones '
Co.; Kebbon, McCormick & Co.;
Kidder, Peabody & '
Co.; Laird, Bissell & Meeds; Lee Higginson
Corp.; Lehman
Brothers; Laurence M. Marks & Co.;
Mason-Hagan, Inc.;
A.
E.* Masten
&
Co.;
Merrill Lynch,
Pierce, Fenner &
Beane;
Merrill,
Turben
&
Co.;
The
Milwaukee
Co.; *
Mitchum, Tully & Co.; F. S. Moseley & Co.; Mullaney,
Wells & Co.; Maynard H. Murch &
Co.; The Ohio Com¬
'
-
.
»
loans.
$50
a
&
;
Sold
-
*1,000,000 Mississippi Power Co. 1st mortgage bonds, 3)4%
1978.
V
.
The
interest.
1, 1948.
Purpose, repay bank
Metropolitan Life Insurance Co.
(Pa.)
to
York
iSold
*
;
series, due 1978.
and
of
Corp.; Clemena A. Evans & Co'., Inc.; *
Fauset, Steele & Co.; The First Boston Corp.; First Southwest Co.; Glore, Forgan & Co.;
Goldman, Sachs & Co.;
Graham.
Parsons
&
Co.;
Grubbs, Scott
&
Co.," Inc.;''
Hallgarten & Co.; Hallowell, Sulzberger & Co.; Wm. P.
Harper & Son Co.; Harriman Ripley & Co.,
Inc.; Hayden.
Miller & Co.; Hayden, Stone & Co.;
Henry Herrman &
-
&- Co.
by
M.
Eastman,
.
unit
per
Corp.
Equitable Securities
series, due
Price, 102.38
Doc.
to
60,000 Marysville
,1:
from 1.45%. to 2.45% ac¬
by Halsey, Stuart & Co.,
A. G. Becker & Co., Inc.;.
equipment.
Priced to yield
cording to maturity.
Offered
Inc.; R. W. Pressprich & Co.;
Equitable
J.
Corp.;
Merrill
Lynch]
Pierce, Fenner
&
Weld & Co.; The Robinson-Humphrey Co.;
Sterne, Agee & Leach, and Varnedoe, ChisCo., Inc.
'].
]
privately
certificates,
trust
Pacific
Z,
mortgage
Bonbright
Robertson
Co.;
&
Bank;
series
1st
i
$26,500,000
6%
1951, and 530,000 shares of
Purpose, construction of pipe
50c.).'
Baker,. Weeks
Mejia;. DeHaven
•
"l,250,000 Jamaica Water Supply Co. 1st mortgage 3)4% bonds, series
]
Inc.
$15 740,000 Southern
P<erce, Fenner & Beane.
Co.
line
George D.
Co.;. Buckley "
Securities Corp.; Butcher. & Sherrerd; ? Caldwell
Phillips
Co.; Central Republic Co. (Inc.);
Clark, Dodge & Co.;
■yRichard W. Clarke Corp.; Cohu &
Co.; C. C. Collings &
B.
r:7Price,
Peabody
(par
.■:.■./:]■'' Co- Inc.; Juilen Collins-&
„
series, due-]
■ program,
Kidder,
Price, 98.58
privately;-to institutional investors.. .
'
.
!
Offered by Salomon Bros. & Hutzler;
Union Securities Corp.,' and Stroud & Co.,;
Co.;
by
due
stock
Line
.
White,
&
Purpose,
to maturity.
cording
3)4%
construction
;
Pipe
May 1,
J. Barth & Co.; Battles & Co., Inc.;
:w,;;y:.-;]vJbC.; William Blair & Co,; Blyth &
;
McMaster
Inc.
2)4% equipment trust certificates,
series'E, due annually Jan. 1, 1950-1964. Purpose, purchase
of 'equipment.
Friced to yield from 1.50%'. to 2.80% ac¬
Air Line Ry.
$3 255 000 Seaboard
mortgage bonds,
Offered
v*1,0.00,000- Gulf Power Co. '1st mortgage bonds, 3 Va %
i
& Co.; Hirsch & Co.;
Swiss American
Corp.;
Inc.;
Co.,
]
V;
Boston
holm
(Inc.); Hornblower & Weeks;
Phelps, Fenn & Co.; L. F. Rothschild
Pollock
E.
William
.
:
Dec.
.
Purpose, finance construction program.
to yield 3.25% to maturity.
Offered
Cohu
Co.
&
(Inc.);
&
Parsons
Wm.
Lynch,
Power
Beane;
.
1st
;
Gas
Price, $52.50
Inc.;
-
-
Offered
Unsubscribed ^portion
r:'
-
pipe
common.
Offered by White, Weld & Co.; Stone &
Webster Securities Corp.; American
Securities Corp.; Bache
& Co.;. Bacon,
Whipple & Co.; Robert W. Baird &
,
100.
interest
First
& Co.; A. G. Becker & Co. Inc.; Blair
Securities Corp.; Gregory & Son
Hall
line-
-
.
bonds,
company."
finance
interest.
and
by
Co.
mortgage
Co.
notes,
common
Price,
&
B,
Mutual
Life
Interim
due
series
Price, 98.13
Co.;
Insurance
Co.
debentures,
Witter
1st
3%
etc.
Hancock
Insurance
Insurance
27,825,000 Transcontinental
&
3%' series;
expansion-program.
Price,-
finance
direct
Purpose,
100.955
1,
First of Michigan
Co.;
*
-
Palmer
$8,500,000 Florida Power Corp.
.o-a]/],•'
Equitable
Inc.;
'.
sinking fund debentures.
1st mortgage
'
.
&
&
f'
sold
New York Life
,
7
Central
Harris,
Inc.;
)
and^ Co.;
Yarnall &
..
Co.;
C3" and Sage, Rutty
mortgage bonds,
Corp.
Offered
&
Webster
Stone
due
Life
,v.
j
Sold privately to Northwestern Mutual
Light Co.
Purpose,
($1,940,400)
of
2%% equipment trust certificates
1950-1964.
Purpose, purchase of
equipment.
Priced to yield from 1.55.% to 2.90%. accord¬
ing to maturity.. Offered by Halsey, Stuart & Co. Inc.;
New
due
$9 720 000
and
,46,641,400 Dptrqit Edison .Co. 3% .convertible
1
1, 1958.
Purpose, expansion, etc.
> ;
for subscription by
stockholders.
Lehman Brothers.
.
.
'
1949-1963.
1,
yield from 1.50%
to 3%
according
by Harriman. Ripley
&
Co. and
to
Offered
maturity.
Inc.,
&
borrowinges,
States;
Co;;' The Northwestern Mutual
The Mutual Life Insurance
Co.
of*
New York; The Travelers Insurance Co.; Aetna Life Insurance Co.; Massachusetts Mutual Life Insurance
Co.;
The Penn Mutual Life Insurance
Co.; The Mutual Benefit
LUe
Insurance
Co.,
and
The
Connecticut
Mutual
];,..."
i
Hayden, Stone & Co.;'El F. Hutton & Co.;
Co.; Prescott, Hawley, Shepard & Co,,
Inc.; L. F. Rothschild & Co.] and Schoellkopf, Hutton &
Pomeroy, Inc.
\
7
equipment trust certificates,'series '
RR. 2%%
Long Island
Wood
1st
through Dean
series
Inc.
debentures, ''
and
Sept. 1, 1968. Purpose, construetion
of
pipe line,
Sold
privately, to Metropolitan Life
Co.; The Prudential Insurance Co. of
America;
The Equitable Life Assurance
Society of the United
Waipwright & Col;
Co.; Wheelock
Co.; Wurts, Dulles
Works
Transmission
3%%
Co.,
fund
■Insurance
i
Stubbs,
&
&
loans
Price,
102
and
interest.
Corp.;
Sachs
Goldman,
Boston
Water
Gas
bonds,
American
Thomas
W.
C.
sinking
bank
repay
1, 1975. Purpose, construction,
interest.
Sold
privately to John
*60,000,000 Texas
and interest.
Offered by Lehman Brothers; Ameri¬
Securities Corp.; Bache & Co.; Ball, Burge & Kraus; *
J. Barth & Co.; Byrd Brothers; ■ Eastman, Dillon & Co.; ■
Fauset, Steele & Co.; Goldman, Sachs & Cq.;, Graubpry,;.
and
$5 445 000
E.
Co.;
&
Swiss
Co.;
The Robinson-Humphrey
Weeden
4%
Pierce, Fenner & Beane;
Life Insurance Co.
•
t
Co.;
and
Nov.
and
Mason,
100.99
•
•
•
Jose
due
Pom-
&
&
*
-
i
yield from 1.50% to 2.55% according to maturity. Offered
by The First Boston Corp.; Kidder, Peabody & Co., and
[■
Hutton
Horner
Strauss
&
Wertheim
E.
Co.^
expansion.
&
Dec. 15,
Priced
to
equipment.
of
S.
Tyson;' H'.
Co.;
Harold
Co.
certificates due
equipment trust
J.
Sutro
Company;
&
&
Yantis &
F.
Roger
Pacific RR. 2 Va% equipcertificates,
series GG,. due semi-annually
July 1, 1949-Jan. 1,.71959.
Purpose, purchase of equip¬
ment.
Priced to yield from 1.30%
to 2.45% according to
maturity. Offered by Lee Higginson Corp.; Hirsch & Co.;
Laird, Bissell & Meeds; Auchincloss, Parker & Redpath.
RR.
Scott,
First
w500,000 San
..
Salomon Bros. & Hutzler;
Co.;
to
construction.
Lynch,
&
Co.,
Corp.
|eCCoitieincCOfP': WhUe' WGlfl &
'
.
&
Purpose,
The
Merrill
Raffen-
Co.;
Marache & Co.;
trust
Erie
&
Inc.;
&
Morrow
Insurance
•
'
/"• *
'
by
Phelps, Fenn
Thomas
Telephone
1963.
finance
^
,
can
St. Paul.&
Milwaukee,
Chicago,
&
Schoellkopf,
Inc.;
Blosser;
Inc.;
A,
Capital Flotations
During December, 1948
ment
Putnam
Inc.;
Company;
Lombardo,
Purpose]
i
Long-Term Bonds and Notes (Issues Maturing Later '
Than Five Years)
'
;
Patterson, Copeland & Kendall, Inc.;
E. Pollock & Co., Inc.; Prescott,
Co.,
Co.,
Co.;
.
$$4 540 000
-due
Co.,
Company; Otis &
Northwest Co.;
Ohio
Co.;
-Company;
Pacific
*600,000 Colorado Central Power Co. 37/8%
Details of New
...
The
&
Wm.
&
&
$15,000,000 Dayton Power
•
O Connell
Homer
Co.;
Co.;
Schwabacher
Cummins,
brought out in that month.
t
&
California;
&
Townsend,' Dabney
kind
any
Co.;
Watkins,
give complete details of the capital flota¬
we
Co.;
Schmertz
Inc.;
Corp.;
232,256,704 358,172,505 603,942,615 446,060,563 278,689,244
tions during December
•
$8,500,000 Rochester
Hughes & Co., Inc.; Rand & Co.; Rauscher, Pierce
S. Rippel & Co.; Julius A.
Inc.; The Robinson-Humphrey Co.; L. F. Roths-
&
Smith
194,024,005 230,303,135 137,133,662
132,665,467
125,381,194
,Otis &
Co.;
&
Seasongood & Mayer; Shaughnessy & Co.; Sheridan *
Paul & Co., Inc.; Shields & Coi.; Sills, Minton &
Inc.; Singer,. Deane & Scribner; Smith, Moore & Co.;
Starkweather & Co.; Stern Brothers & Co.; Stern, Frank j
& Meyer; Sterne,
Agee & Leach; Stifel, -Nicolaus & Co.,
Inc.; Stix & Co.; Edw. Lo.wber Stokes Co.; Walter Stokes
12,592,080
Tot. 6 mos.
Son
Bogan
17,030,551
Tot. cal. yr.
The
Inc.;
Favre
Newboldls
Inc.;
29,005,686
15,182,375
—
Murphey
H.
Co.,
14,903,823
__
W.
Monday, January 31, 1949
Inc.; Reynolds & Co.; J.
C.
eroy,
17,146,853
28,268,700
r__
December
R.
46,454,669
24,766,550
September-
Co.,
\ child
141,555,582
.15,293,474
August
October
&
of
Co.
Shepard
Rippel,
335.382
48]928,372
41,852,919
24,234,648
.23,778,285
30,410,349
'2,453,896
&
558,096
439,918,610 215,757,428
156,875,510 225,507,038
mos.
__—-
44,765,017
139,002,825
82,694,972
49,233,458
55,128,199
39,733,669
19,246,378
20,646,783
O'Gara
Fenn & Co.;
4,732,036
June
July
•
32,769,317
42,867,266
:
__
April
Mitchell
Palmer Co.;
Hawiey,
March
May
Phelps,
759,867
42,486,670
50,583,647
8,624,260
Co.;
&
Omaha;
CHRONICLE
,
$
$
$
27,592,122
Alfred
Pacific
Roger S.
"
January,
February
Wells
of
O'Brian,
Co.;
'
1946
1947
Co.
FINANCIAL
Newburger & Co.; Newburger, Loeb & Co.; Ne\vhard, Cook
& Co.;
New York Hanseatic Corp.; Nusioch, Baudean &
."
1948
Mullaney,
.National
in the table below:
ISSUES
&
•'
t
( ■!
Volume 169
Number 4773
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(495)
———
privately
iUnited
~•
■
&
with
Equitable
States
through
Life
Assurance
Lehman.
Society
Brothers
Co.
and
of
the
944,120 Western
Wertheim
.
,
Light & Telephone
{..stock-.'-(par $10).
Purpose,
•
-
•;
•(
oi,
:
finance. construction
fered
i$9,25o,ooo
•'
v
*$3,250,000 Burdines,
4%.
notes,
Bottling
Co.
of
N.
Y.,
general corporate purposes.' Sold
Life Insurance Co.
*1,500,000 General Phoenix Corp. 3Va%
corporate
pose,
Insurance
*400,000
(M.)
RKO
Bros.
Co.
f
•
1,
1S66,
3'%
Inc.
Sold
-
INDUSTRIAL
*$3,999,330 Beaunit
Mills,
$2.50).
notes.
Mutual
note,
due
•
to
&
debentures, due
privately.
of
group
a
working
■
A,
due
July 1,
capital.
loan, working
privately through
Co.;
Sheeline
reduce
201,460 Hajoca
stocks
ferred
stocks
computed
of
stated
a
of
no
certificates,
1951.
Purpose, pay existing
Price, 99.50 and dividends.
their
at
value
par
value and
par
offering
$6,760,962 Central
stock
&
Co.,
Inc.,
for
subscription
(174,682)
Co.;
&
&
A.
G.
Becker
ford
&
Co.;
Goldman,
Co.;
and
Paul
D.
&
Jones
Co.;
&
E.
&
D.
Lee
Co.;
W.
659,606
shares
of
Blair
share.
per
Offered
Unsubscribed
&
Lazard
Co.,
Co.
Inc.;
(Inc.);
Hallgarten
Hayden,
Co.;
A.
Stone
Jenks,
M.
R.
C.
Miller
&
&
J.
C.
Cohu
Co.;
Co.;
Kirkland
Kidder
Marks
&
[yS.
Power
Co.
&
Brad¬
.
k
:
&
Co.;
Co.;
&
Co.;
par).
Pacific
9,065
shares
Purpose,
Offered
lative
Water
Works
preferred
bank
&
expansion,
subscription by
for
loans.
'
(par
par and
Sherrerd; Singer, Deane
Corp.;
Hill,
Securities
Crawford
&
stock
(par $10).
term
(44,807)
$33
&
ities
subscription
Corp.;
Inc.,
and
per
Courts
Inc.;
Evans
A.
v-
^v'
,*
.
stock
mon
W-
$12.50
for
ployees)
—v
by
up
and
Frank
;'
&
common
$3,000,000 Potomac
j
,
Co.
Equitable Secur¬
Horner & Mason,
Co.
stock,
&
Co.;
&
Sons;
of
by
.
E.
Stone
&
&
&
Co.,
Inc.;
.
of.
...
line.
Gas
Price,
Pipe
(par
$10
Line
Gibson,
50c).
stock¬
and
for
600,000 United
Telephone
4y2%
Co.
of
Pennsylvania
preferred stock
(par
cumulative
general
corporate purposes.
Price,
dividends.
Offered by Kidder,
Peabody
\,
10,532,674 Virginia Electric
stock
.
„
;
V.
(par
&
$10).
Power
Co.
Purpose,
739,128
prepay
6,000
&
$100
&
of.
Corp.;
&
W.
i'
*.(
"t
.
C.
Co.;
share.
&
Stubbs.
&
Co,;
&
of
:
and
stock
to i
James
T.
De
Bend>
Did.,
and
(no
:
,
f
V
r
Miller &
Bacon,
10,000 shares of. capital stock
capital and surplus.
Price,
Offered for subscription by stockholders.
Co.
(Seattle)
30,000 shares of 6%
series
B
$10).
(par
Purpose,
Offered
and
V--•
500
and.
shares
to
its
;.
officers,
directors,
employees of company and affiliates.
Co.
33,880 shares
of
common
Purpose, increase working capital.
Price,
Offered for subscription by stockholders.
shares offered by Schneider, Bernet
common
Whipple
&
(Inc.);
Kirkpatriok-Pettis Co.;
L.
'
•
Mak,
Blosser,
1,820,000 Younker
-
par).-
share.
Blair
C.
Ladenburg,
&
Co.;
&
&
&
Co.;
Central
Lesser;
Henderson
Thalmann
&
Nicolaus
&
Graefe
&
Co.;
Co.;
Wheelock & Cummins, Inc.
Inc., 70,000 shares of common
Leo
Inc.;
Co.,
stock
Purpose, general corporate purposes.
Price, $26
Offered by A. G. Becker & Co. Inc.; Harold
"L., Allen.'Investment
Brokaw
Blair
Brokaw
T.
and
Brothers,
(no-
per
—
William
Co.;
Inc.; The Ohio Co.; Stifel,
Straus &
•
Co.;
Friedman,
Hanna-Kramer
Co.:
Central
Lesser;
Whipple
Bacon,
Republic
Graefe
and
Co.
Co.;
&
Co.;
(Inc.);
William
Friedman,
Hanna-Kramer
Co.;
C. Henderson & Co.; Holley, Dayton &
Gernon; Laden¬
burg, Thalmann & Co.; Leo L. Mak, Inc.; Mullaney, Wells
&
Co.; Maynard H. Murch & Co.; The Ohio Co.; Sills,
Minton & Co., Inc.; Stifel, Nicolaus & Co., Inc.; Straus &
T.
Weeks;
$5,849,540
Farm Loan and Government Agency Issues
$71,660,000 Federal
dated
■
.
Intermediate
Jan.
•
Price, par.
.
.
agent.
Credit
Banks
1.60%
debentures,
1949, due Cct. 3, 1949.
Purpose, refunding.
Offered by Charles R. Dunn, New York, fiscal
3,
;
;.
•
■
-
Y
.
Inc.;
Co.;
Harriman
St^ne
Hayden,
Co.;
Ladenburg, Thalmann &
& Co.; Mackubin,
Legg &
Laurence M. Marks & c5o.;
Lester
Co.; Maxwell, Marshall & Co.; McDonaldMead, Miller & Co.; Merrill, Turben $ Co.;
Co.; Newburger & Co.;
Newhard, Cook &
Co. of
California; Paine, Webber, Jackson &
H.
Pringle
&
&
Co.;
Co.
&
Edward
Inc.;
Co.;
Sheridan
A.
Reinholdt
Purcell
&
Co.;
Gardner;
&
Dallas
Bogan
Rupe
Paul
&
The
Son;
&
Lukens;
Seasongood
&
Sills,
R.
Co.;
Edw.
Taussig,
Alystyne,
Stoetzer, Faulk¬
Lowber
Day
&
Noel
Stokes
Co.,
Co.;
Stroud & Company,
Union Securities Corp.;
Inc.;
&
&
Reynolds Corp. 6,000 shares of
$1 dividend
preferred stock (no par).
Price, $15 per share.
by Blyth & Co., Inc.
A
JS20).
Edjson
Co.
78,270
Price, $19,852
shares
share.
per
of
capital
Offered
by
stock
Blyth
(par
&
Co.,
•■;...
Chocolate
Corp.
Pei; -share.
Price. $257/a
Co., Inc.
-
•
*'•
' -•
6,200
»
A.
G.
Becker
22,000 Hickok
Oil
Tpar $1).
.
_
shares
Offered
by
of
&
Co.
Harriman
Co.
Ripley
1
Co..
$51
*2,000,
shares
share.
per
stock.
common
-•
102,000 Hibbaxd, Spencer & Bartlett
YY.mon stock (par $25).
Price,
of
com-
Offered
2,000
Price, $11
shares
per
of
share.
class
A
by
Offered
stock
common
by
Blyth
&
Co.,
Y
stock
Glore,
v-
4,
Y
^
Beane;
Gas
(par
E.
&
•:YY': y.'.Y&
&
;YY'
Co.;
Rollins
&
&
Co.
&
"
43.853
$14.75
Sons;
of
shares
share.
per
Lynch,
of
Offered
Pierce,
Bateman,
Co.;
,:by
Fenner
Eichler
California; William
&
common
<fe
R.
-
&
Co.;
Staats
Wagenseller &
Durst,
■
Co.
Price, $16
per
20,000
share.
shares
of
Offered
stdck
common
by A. G.
Becker
'
Co., Inc.- 12,000 shares Qf
$57.50 per share.
common
Offered
by
stock
Morgan
(par
Stanley
Co.
United
States
par).
Potash
Price,
Co.
$22-50
ginson Corp.
$15,182,373
'■Represents
Inc.
Merrill
Pacific Co.
&
Johnson
Co, Inc.
690,000 Merck
562,500
Co.,
Price,
$-
H.
Co.;
(par $1).
•
Water
$10).
Forgan
Weeden
320,000 Mead
*:
&
Co.; Raffensperger, Hughes
and
&
Inc.
Inc.
(no
(28,920)
Co.
Co.;
Co,;
increase
Stock,
Vaden,
Hemphill, Noyes & Co.; Herrick,
Inc.
Cq.
Hickman; G. H. Walker & Co.; Underwood, Neuhaus. &
Co.;
,
advanced
.
&
class
shares .of
4..000
Investment
par)..
&
Winston
Offered
stock (par $50).
Purpose, gen¬
Price, par and dividends. Offered
(Dallas)
Inc.;
& Co.; Kinloch, Huger &
Associates,
Inc.; Kirkpatrick-
Pierce
Mayer;
Witt
Purpose, working capital.
Price,
Offered 500 shares to public by Harrison
Inc.,
E,
90,000 Corroon
>,
of
(par $100).
per-share.
and
Lee
•»■■■•
Y
class- A
Purpose,
Co., and Dewar, Robertson & Pancoast.
1,700,000 Younker Brothers, Inc., 34,000 shares of 5% sinking fund
preferred
stock
(par
$50). - Purpose, retire
bank loans,
general corporate purposes.
Price, $50 per share. Offered
by A. G. Becker & Co., Inc.; Harold L. Allen Investment
-
Folger,
Hornblower
and
&
Pacific
$1).- Price,
Securities
preferred
Austin,
stock
Johnston, Lemon & Co.;
Langley
shares of
Casualty
$16.75 per share.
Investment Corp. of
Kidder, Peabody & Co.;
Higgipson, Corp.;
Lehman
Brothers; Mackall & Coe; Mason-Hagan, Inc.; Mitchum,
Tully & Co.; Paine, Webber, Jackson & Curtis; Riter &
Co.; Scott, Hornei & Mason, Inc.; Scott- &
Stringfeliow;
Smith, Barney & Co.; Spencer Trask. & Co.; Union Securities Corp.; White, Weld & Co., and Whiting, Weeks &
Norfolk;
by
Noonan
Co.;
Van
preferred
Purpose,
shareholders
Nolan, Inc.; Galleher & Co.,
Glore, Forgan & Co.; Goldman, Sachs & Co.;
Goodwyn & Olds; Graham,
Parsons & Co.; Harriman
Ripley & Co., Inc.; Harris, Hall & Co.
(Inc.); Hayden,
Stone
Offered
South
purposes.
567,490 Southwestern
,.t.
notes
B.
of
■
ferred
-
,
Inc.;
i
Corp.
parent.
finance construction .program.
Price, $14.25 per share.
Offered
lor
subscription
by stockholders.
Unsubscribed
(128,271) shares offered by Stone & Webster Securities
Corp.; Anderson & Strudwick; A. G. Becker &, Co.
Inc.;
Blyth & Co., Inc.; Bosworth, Sullivan & Co.;
Branch,
Cabell & Co.; C. F. Cassell &
Co., Inc.; Coffin & Burr,
Inc.; Davenport & Co,; R. S. Dickson & Co., Inc.; Drexel
&
Co.; Eastman, Dillon- & Co.;
Estabrook. & Co.; The
Boston
$10).
Republic
Co.
&
$646,832 Indiana
10c).
(par
Bretsfcher
Griffin
Kormendi
Law
Masten
160,425 Hershey
obligations ands increase working capital.
consisting of two shares p£ class A
McGann
per
50,000
Co.;
%
100,000 River Vallfey Finance Co. 1,000 shares 6% cumulative pre¬
ferred stock, series C (par $100).
Purpose, working capi¬
tal.
Price, $100 per share. Offered by Quail & Co.- 1
100,000 (H. J.) Schrader & Co, 1,000 shares of 6% cumulative pre-
to
First
stock
&
Co.; Wagenseller & Durst
Inc.;
& Co. Inc.; Wertheim
& Co.; Woodard-Elwood
&
Co.; Woolfolk, Huggins &
Shober; F. S. Yantis & Co. Inc
and Yarnall & Oj.
.;v .'
share.
$1) and 25,000 shaxes
(paj
stock,
M.
11,588,881 Detroit
$5. per
Courts
&
Skaags <te
Bodine; R. S.
Weeden
-
share
common
Co.;
Davis,
Crouter
Hayden,
Inc.;
Inc.;
V-.
/
&
Cruttenden
Mejia;
Milwaukee
ner-
common
per
general corporate purposes.
Price, $10 per share.
for
subscription by employees of the company
Purpose,
share
per
shares
bank
of
$16
Cohu
Clayton
Co., Inc.; Shields &
Minton & Co. Inc.; I. M.
Simon & Co.;
Staats Co.; Starkweather
& Co.; Stein Bros. &
Boyce; Sterne, Agee & Leach; Stix &
Co.;
C. Marshall Co.
cumulative
of
shares
$100).
$100
Price,
&
Dixon
Mannheimer-Egan, Inc.;
William
V
common
of class
cumulative
v/Y-v $27.50
subscription
.
Co.,
•Company;
Roney
unit,
per
share
300,000 Ncrthwest
shares
construction
Offered
C.
Leith;
&
Corp.;
Evans
A.
E.
&
.',j
shares
62,500
refunding.
Washington, Die.,
current
$5
Albert
(par
Wurts,
stockholders.
common
A.
Co.;: John
Rowles,
Purpose, purchase of equipment,
share.
Offered privately l)y West-
per
275,000 Gulf Insurance Co.
cumulative
2,250,000
Purpose,
share.
per
Corp.
Corp.
common stock
Unsubscribed
stock
common
pipe
by
&
of
'
22,500,000 Transcontinental
■
Webster
Inc.;
Burgess
Robinson-Humphrey Co.; Robinson, Rohrbaugh
Hague
McCarty
Wm.
Co.;
National
Clucgs & Co.;
Co.,
Inc.;
Townsend,
Anderson;
Curtis;
Smith,
■
common
Pont & Co.;
Co.;
par).
(no
(voting)
and H.
by
Noyes
R. L.
Co.
&
Co.;
&
Corp.;' Campbell,
Dn Pepper Bottling Co. 30,410 shares of class A
stock (par $1). Purpose, additional; working capi$5 per share.
Offered by Rodger, Kipp & Co.
one
5%
Co.;-gtifel,
Nicolaus
Dulles
&
Co.,
du
Rauscher,
Co.
eral corporate
Webster
Co.;
Smith
''
Purpose,
$100
200,000 First Discount
com¬
series
Hemphill,
&
of
Co.; Kidder, Peabody
Kirchofer &
Arnold
Moore
subscription by stockholders.
stock
B
Price,
Co.
urogram.
Hutton
&
The
R.
Cleveland.
&
Davies
&
A.
Price,
and
offered by
Cruttenden
&
Co.r
4.70%
W.
Co.;
Co.;
stock
common
(par
Witter
Company, Inc.; Byrd Brothers;
Central
R. S. Hayes & Co.;
Pettis
Michigan
,
Price,
reduce
:';YY:vYY'"',
shares
of
of
working capital.
Price,
subscription by stockholders.
(nonvoting)
Securities Corp.; Alex. Brown
& Co.;-Hornblower & Weeks;
Day & Company; Baker, Watts
&
Co.; Laird, Bissell & Meeds; Mackubin,
Legg & Co.;
Moore, Leonard & Lynch;
Maynard H. Murch & Co.;
Stein
Bros.
&
Boyce; Buckley
Securities Corp.;
E.
M.
Newton & Co.;
Richard W. Clarke Corp.; W. L. Lyons
& Co.;
Mead, Miller & Co.; William R. Staats
W.
...
shares
30,000
of
Purpose,
,>•260,000 Crosbie Co.
B
(par $100).
Purpose, finance
Price, $100 per share and diviOffered by W. C. Langley &
Co.; Goldman, Sachs
dends.
,
,
.
shares
subscription
Neb,;
shares
privately to E. W. Bliss Co.
for
common
class
93,062
for
First
Dean
shares
Crawford
&
Clement
&
Co.;
,
tai.
Co.;
Unsubscribed
Lincoln,
of
Edison
preferred
construction
'
.
Offered
Co.;
Chemical Corp. 52,095 shares of
for
common
Scott,
Co., Inc.
Co.
&
Kidoer &
pre¬
loans,
of new plant.
Price, $5.25
Livingston & Co.; First of
Blosser; White, Noble & Co.;
S.
Bennett,
First
$1).
Sold
152,050 Chicago
&
croft,
^
Gas
H.
Haven
I.
Co.;
Lester
Belden, Inc.; Harold E. Wood & Co.; Rauscher,
Co.; United Trust Co. of Abilene^ Kans.;' BeeCole & Co., and E'stes & Co., Inc.
Pierce
bank
Offered by The Ohio Co.
67,000
'
$5).
etc.
and
*
discharge
35,000 Canada Dry Bottling Co. of Cincinnati, Inc., 850 shares of
of
&
by
Manufacturing
Offered
Purpose, finance construction. Price,
(taken by stockholders and emper share for 12,036 shares
(taken
employees.
Trust
$6.50
$300,000 All States Life Insurance Co. 30,000 shares of- capital stock
(par $5).
Purpose, acquisition, etc. Price, $10 per share.
shares
$16.50
underwriters).
holders
First
(par $5).
81,026
and
Price
by
Reed, Inc.; Hirsch & Co.; Hornblower & Weeks;
The Illinois Co.;
Indianapolis Bond and Share Corp.; Inter¬
state Securities
Corp.; Johnson, Lane, Space and
Co., Inc.;
Johnston, Lemon & Co.; T. H. Jones &
Company A M
<
Southern
of
Corp.; E.
G.
De
Ellis
common
cumulative
350,000
Brown
Inc.;
Ripley
MISCELLANEOUS
Water Supply. C».
7,500 shares of $5 cumulative
preferred, stock, series B (no par).
Purpose, repay, bank
loans,
expansion.
Sold
privately
to
Metropolitan
Lite
Insurance Co, and Mutual Benefit Life Insurance Co.
Natural
6%
stock
common
Elkins, Morris & Co.; Estabrook
& Co., Inc.; Allen C.
Ewing &
Co.; Farwell,
Chapman
&
Co.;
First
Securities
Corp.;
Friedman,
Brokaw
&
Lesser;
Frost,
Read
&
Siipohs;
Robert Garrett &
Sons; Granbery, Marache & Co.;
Green,
&
share.
shares
S.
Burr
Co.,
House
Francis
Co.,
1,000,000 scares of common stock
(par lOci., Purpose, purchase of drilling machinery.
Price,
30c per share.
Offered by Tellier & Co.
"750,000 Jaraaic
1,211,414 Kansas-Nebraska
Purpose,
OIL
cumu¬
and
Co.;
C.
Co.;
&
Waddell &
of
of
Offered
Blyth & Co., Inc.; George D. B. Bonbright &
Goodwin Inc.; J. C. Bradford &
Co.; Alex.
&
and
Dickson
Stix
$300,000 Deardorf. Drilling Corp.
outstanding shortPrice, $10 per share.
stockholders.
Unsubscribed
by
Mason-Hagan,
Clement
of
Price, par.
Straus
Co.;
(no
5.10%
of
Inc.,
95,000
payment
shares offered by
shares
$11,195,050. ■?
$100)- Purpose, reduction of
dividends. Offered by Butcher
& Scribner; Buckley Securities
Co.
Purpose,
Co.;
Co.
& Co.;
R. Livingston &
& Blosser; White,
.
Offered
borrowings, corporate purposes.
for
etc.
Corp.;
heimer &
Offered
.
,
&
share.
Light
&
Sons;
Cassell
Co.;
Purpose,
Co.;
stock
common
shares
Lanford,
Telephone
19,000
Offered
(par
(par
Corp.
950,000 Inter-Mountain
Inc.
(pgr $12.50).
S.
260,475 Unexcelled
Northwest
of
Co.
(net).'
Richards
Co.; Edward
Kidder, Peabody
Price,
etc.
3,000
&
Walker
Co., Inc.; Dudley H. Waters & Co., and
-,-Vc &
■
stock
stockholders.
Corp.
stock
Price,
H.
capital.
The
••■1,000,000 Sheller
Co.;
&
McDonald
Co.;
&
•''
Hallowed,
Hill,
F.
Curtiss,
stockholders.
by
Inc.
•
300,000 General
G.
shares
per
•
Purpose, completion
Goodboay
Inc.
299,805 Consumers
Co.;
Co.;
&
Securities
5%
of
(par $30).
$1).
Purpose, working
Offered by Loewi & Co.
Straus
Michigan
Pomeroy, Inc.; Shields & Company; Sills, Minton & Com¬
pany,
Inc.; Stern Brothers & Co., and Stifel, Nicolaus
Co.,
Louis
&
Bond
Brown
C.
payroll
shares
shares
share.
per
&
Co.; Piper,
Jaffray & Hopwood; Prescott, Hawley, Shepard & Co..
Inc.;
L.
F.
Rothschild
&
Co.;
Schoellkopf, Hutton
&
&
50,000
1,000
by
(par $1).
shares
Freres
Higginson Corp.; Loewi & Col; Mackubin, Legg
M.
Co.
preferred stock
371,750..M*ciiiffhn;.Bakeries, Inc.*
Day
Co.;
Brewery
Rower
Buinham
share.
per
company's
common
Co.;
Co.;
(par
Noble & Co.; GoodbQdy
&
Co.;
Bennett,
Smith
&
Co.;
Smith, Hague & Co.;
The First Cleveland Corp.; Campbell, McCarty & Co., Inc.;
Dudley H. Waters & Co.; Wm. C. Roncy & Co.
common
additional
Brothers;
Republic
&
Price, $44.31
r under
19,370
$21.25
(no
Co.;
stock
common
Price, par.
Oifered by Edward D. Jones
Nicolaus & Co., Inc.; Reinholdt & Gardner;
St.
Mites,
Offered
*
&
Laurence
&
are
Davis, Skaggs & Co.; R. L.
Chapman & Co.; First Southwest
Co.;
of
Corp.
Price,
Blair
Bakeries, Inc. 67,500 shares of 5>/2% cumulative
convertible preferred stock (par $20),
Purpose, refunding
($561,860); completion of new p'.ant ($783,140). Price, par.
pre¬
stock
Co.;
IlLinois
&
while
par,
common
Price, $10.25
Inc.;
shares
Financing
Co.
Co.;
.
Bacon, Whipple
&
Co.; Robert W.
Ball. Bulge & Kraus; Barrow, Leary
Eichler & Co.; Bear, Stearns & Co.;
Co.
&
Sachs
The
at
purchase of
Lehman
Central
Farwell,
Sulzberger
&
&
Co.;
Collins
(par
share.
per
19,000 Merry Mites, Inc. 19,000 shares of common stock (par $1).
Purpose,
working capital.
Price, $1 per, share.
Offered
by The Ohio Co.
.
Sold
Co.;
Inc.;
$18.50
Rogosin.
employees
Laboratories,
(par
Corp.;
stockholders.
by
Bateman,
Julien
&
&
Co.,
Co.;
by
offered
Bache
Baird
taken
are
Corp.
Purpose,
stock
common
New
par).
Price, $30 per share. Offered by Lehman
Brothers; Merrill Lynch, Pierce, Fenner & Beane; Atwill
and Co.; Bache & Co.; Ball,
Biuge & Kraus; J. Berth &
Co.; Bateman, Eichler & Co.; Bear, Stearns & Co.; William
1,350,000 Michigan
all classes of
subsidiaries.
&
bank
UTILITIES
West
$5).
two
of
of
Price,
Representing
Bros.
$10).
&
working capital,
prices.)
South
&
(par
stock
411,612 Barker
Corp. 5,756 shares of common stock (par $1).
working capital.
Price, $35 per shart.
Offered
share.
per
237,500 Merry
' *
PUBLIC
V
trust
48,500
by
subscription
stock
STOCKS
(Preferred
shares
Lionel
& Co.; .Newhard, Copk & Cq., Inc.; Taussig,
Day &
Inc.; I. M. Simon & .Co., and A. G. Edwards & Sons.
.
deben¬
insurance
''
Co.
&
,
.
&
funds.
Stifel,
Metropolitan
<
equipment
Gearhart
by
convertible
ferred-stock
series
216,180
Western
cumulative
-
Sold
MISCELLANEOUS
,
Collins
plan.
1,500,000 Griesedieck
(Issues Maturing Up to
Including Five Years)
4 V2 %
Julien
Co., Inc.; The SmallHerrick Co. (Inc.).
MANUFACTURING
acquisition.
Co.
for
deduction
Dec.
-
privately
Corp.
&
Purpose, corporate purposes.
Subscribed
Life
1, 1963.
Sold privately through Kid¬
fund
Chemical-
$15).
Pur¬
•
to
Short-Term Bonds and Notes
Telecoin
AND
privately
6,500 Lakeside
,*$250,000 Pacific
Inc.
Purpose,
Purchased
••
and
Neb.;
Estes
and The Lathrop-Hawk,
.
for
,
Lincoln,
Co,;
stock
Purpose,
;
by
of
&
Not
11
$88,125 Air-Way Electric Appliance Corp. 15,000 shares of
common
stock (par^$3>. Price, $5%
per share.
Offered by William
Roney & Co.
•
OTHER
$14,650,000
,
Issues
current bank loan and
Price, $20 per share.
Of¬
stockholders.
Unsubscribed
Harris, Hall & Co. (inc.);
10,500,000 Carolina
2,249,035 Dow
sinking
firms.
/
.
etc.
common
•
Purpose, working capital.
loans,
<
Purpose,
*2,000,000 Scruggs-Vandcrvoort-Barney,
Inc.
2Vi'/c
15-year
tures.
Purpose, construction and improvements,
bank
.
privately to Metropolitan
privately
3V2%
Co.,
Co.
Cole
of
pay
by
offered
Trust
(Inc.).
/
&
Theatres,
Feb.
loan.
Co.
Rich
Purpose, corporate purposes.
der, Peabody & Co.
*3,000,000
Inc.
unsubordinated
Sold
purposes.
Beecroft,
shares
$47,848,975
due
Dec.
1,
19G8.
Purpose,
retire bank loans, working capital.
Placed privately with
two insurance companies through
Kidder, Peabody & Co.
*4,500,000 Coca-Cola
First
Co.;
Milburn
'
MISCELLANEOUS
Inc.
shares
The
,
.
47,206
program.
subscription
(24,665)
SHIPPING
*$22,400,000 Olympic Trading Corp. 3 Va% sinking fund collateral trust
bonds, due Dec. 1, 1955.
Purpose, corporate purposes."
/
Placed privately.
i:'y:Sv:-Y%j
for
Co.
issues
$Indijcates issues
placed
sold
privately.
competitively.
25,000 shares
per
share.
'■
cf
common
Offered
by
Lee
stock
Hig-
12
and
Investment News
Bonds Authenticated—
The
Jan.
1,
amount
Trust Co. of New York, trustee for the new con¬
mortgage 30-year sinking fund 3%
bonds, series K, due
1979, has authenticated and delivered $50,000,000 principal
of these bonds.
For offering, see V.
169, p. 374.
The
Louis
i
Edgar, Jr., formerly President of H. & B. American Ma¬
Pawtucket, R. I., has been elected President, succeeding
Marshall N. Smith,
resigned to become Vice-President in charge of
foreign operations.—V. 168, p. 2427.
The
its
& Maine
company
securities,
objections
which
of
told
submitted
25
the
5%
for
preferred
a
to
were
plan
a
plan for reorganizing
designed to meet the
revised
a
August
last
forward
put
Proceeds will
shares
549,134
of
asked
to
common
Company said
following
many
authority
be
the
plan
is
in
years
hold
to
for
used
designed
have
'
•.
^
'
Bloomfield,
circles,
Chamber
.
—V.
and
of
168,
well
known
Manager
Commerce
of
for
25
over
2222.
p.
.-'
of
stock
common
John
and
P.
stockholder.—V.
.
•
&
Co.,
has
company
purchased
the
mills
Union
Upper
President.
to
ings
pected
Of
house
to
locating
sizable,
a
in
be
operation
Robinson
Mr.
in
part of three build¬
up-to-date stamping plant,
which is ex¬
the early part of April.
that
announced
the
Pittsburgh
this
dropped the
168/ p. 2679.
area.—V.
(Pa.)
$2,200,000
The
the
debt
basis.
annual
an
rates
new
increase
scheduled
were
filed
its new
is
the
annual
an
The
The
to
had
company
into
go
with
schedule
Provision
asked
for
(2)
...
Interest
effect
Jan.
on
Net
when
29,
As
of
expected
since
-H-.-av
•
Jan. 24 filed
on
William
R.
Staats
Co.
of
Los
Angeles
is
convertible preference
named
the
as
underwriter. The offering price and underwriting terms
plied by amendment.
■■■■
V
■
Net proceeds,
estimated at $1,832,300, will be used
principal
to be sup¬
are
Vv-
J
7
to finance in
The
company intends,
mortgage bonds, 3%
•'-''-The
company's
1949 and
V.
of
soon
as
series,
statement
due
is
construction
practicable,
as
1978,
the
is
program
a
for
rules
later.
estimated
$5,600,000
for
1948
'Interest
1947
1946
$395,176
$363,612
$320,046
34,500
43,463
/
34,500
(other than inc.)
income
"Net
■
profit
2,134
33,502
$289,987
$238,052
$191,283
238,950
$3
on
169, p.
38,455
291,395
255,905
Jan.
130,200
class B
on
After
130,200
130,200
114,724
78,873
57,362
24,576
stock__
deducting
of $88,082 in
;130,200
130,499
on class A stocks
Divs.
55,920
Federal
income
49,152
and
other
33,802
taxes
applicable
1948, $5,380 in 1947, $83,130 in 1946 and $30,087 in 1945.
be taxed as a regulated
investment
company
income
in
tax
and
as
respect of
such
the
should have
above
no
liability
for Federal
income.
„
.The unrealized appreciation of investments
deducting provision of $320,000 for Federal
Dec. 31,
on
income
tax,
'»
1948,. after
was
of
loss
net
a
376.
''
-
"T
//>■•'
,
-
;
a
22,
showed
1949
ago./ /
year
Following
a
weeks
and
load
Jan.
comparisons .-with
percentage
■',»
—V.
"
V/'"?' ;/;/■'
;
j'
past
week
'241,696,000
of
,
7
ASSETS—Cash
securities
in
securities
$400,120;
dividends
sold,
DEC.
31,
5.1
216,068,000
■:
and
$1,537;
investments in other securities
interest
special
receivable,
deposits
fcr
>£5,981,914.
$3,192;
total,
«■■.
LIABILITIES—Interest
for securities loaned
$94,077;
(at cost),
receivable for
$29,510;
dividends,
accrued
and
dividends
against cash, $6,100;
payable,
..
$17,567;
accrued expenses,
taxes
due
etc,
3% debentures, due Aug. 1, 1960, $1,150,000; $3 cumulative
stock, series A
($10
par
value), $434,000; class A stock
value), $143,405; class B stock (lc par value), $2,400; surplus,
'preferred
($1
-..
par
$3,645,294;
reserve
as
required
charter,
by
$469,071;
total,
$5,981,914.
NOTE—At Dec. 31, 1948, net assets of the corporation were equiva/ tent to $5,874 per $1,000 of debentures compared with $6,065 at the
/ end of the previous year. -On the same basis the preferred stock
s
■
*
asset
coverage
Share,
$22.76
98
while
As
than
the
share,
a
cents
changed
to
70
stock
the
and
class
a
of Dec. 31,
1948,
debentures totaled
ferred
holders
stock,
of
the
80O
were
class
the
A
class
cents
during
B
year
asset
B
from
value
stock
value
asset
'
holders
of
of
holders
stock.—V.
this
which
of
the
$129.15
were
class
A
$23.84
V.
168,
to
of
and
p.^2539.
from
•
•
securities
holders
stock,
a
declined
•
corporation's
615
169, p. 3;
to
declined 'from
share.
1,643,
$134.22
the
228
•
,
were
in
kilowatt
Consolidated
o
Offered—An
ed
hour
Edison
Co.
«...
of
New
York,
Inc.—Bonds
underwriting syndicate of 49 bankers head¬
$50,000,series E,
102.399 and interest to yield 2.88% to
by The First Boston Corp., on Jan. 26 offered
first and refunding mortgage bonds, 3%,
000
due Jan. 1,
1979, at
maturity.
'
.
t
...t.
bid.rpf 101.69, a net interest cost
of less than 2.92%.
Two othief) bids,' eaqb>(Daming a 3% -coupon, were
received at the sale.
These weW>: Halsey.f/S^uart & Co. Inc., 101,45999;
Morgan StanleyCo.,. 101.4a.m.
;
-id
•
The issue was. .awarded Jan,;.25
on
a
„
.
PURPOSE—The
for
(1)
term
of
to
notes
the
the
outstanding
balance
to
to be used by the company
the payment of its short
as
of Dec. 31, 1948, and (2)
to the extent
additions on or after Oct. 1, 1948, to utility
proceeds
extent
gross
of
are
proposed
$40,000,000
to
the'
of
years
to
the
parts
secure
and
the
gas
production
and
and its subsid'aries have' "been
unit under the direction of a central
greatest possible overall economy con¬
facilities
company
as
highest
of
of
a
the
degree
continuity/
of
and
Westchester CountyManhattan.
service
steam
in
of
part
a
/'•£/>
electric
System
volt,
City
86,000 kilovolt-amperes
Board of Transportation.
with
interconnections
the
New
'
*
gas
used
of
corporation
Steam
by
it
lbs. of
lbs.
steam per
generates
a
generating
steam
part
of
the
which
plants
steam
have
a
and
capaciy
sold
net
of steam per hour.
There is also available 620,000
hour from the Ravenswood gas plant of the company.
operates a system of
in the Boroughs of
leased principally, ;by
company. ; The Subway company
also constructs subsidiary ducts
pipes,
containing the connections from the
street mains into
The
subway
Manhattan
the
its
at
4,505,000
company
conduits
The
and
owns,
maintains
and
for electrical conductors
Bronx, space in which is
buildings.
:'■)
.
PROPOSED ACQUISITION OF STOCK OF LONG
ISLAND LIGHTING
for the approval by the
York Public Service Commission of the acquisition by the conlpany
has
CO.—Company
Corp.f-Weekly Output—
.«
-
.
the
Third
New
.
other
pre¬
weekly
-
utility
manufacturing facilities of the company and of the West¬
chester company
(the only subsidiary supplying gas, the gas manu¬
facturing plant of which is used primarily as a peak load plant)
have
an
aggregate
maximum one-day gas manufacturing capacity
of 325,000 mcf.
.
11.9
output ,of electric, energy of subsidiaries
of
this corporation adjusted
to show general business conditions ofterritory served for the \yeek ended Jan. 20, 1949, amounted to 345,377,459 as compared with 331,675,748 for the corresponding keek in
3948, an increase of 13,701,711 or 4.13%.—V. 169, p. 376.
/
•
'* '
'''
' // \
The
public
generating
many
Borough
or
6.9
376.
p.
Commonwealth & Southern
York & Queens Electric Light &
and New
Inc.,
a
excepting the Fifth Ward
(Rockaway District 1 and in
County excepting the northeastern portions thereof; gas
Boroughs of Manhattan and The Bronx, in the First
Wards of the Borough of
Queens, and in the more pop¬
Queens
3.9
$891,270.
1948
banks, $109,517; investments in U. S. Government
(at cost),
$5,438,039;
SHEET,
$225,000,000
10. 1884, as
subsequently: /
was
name
company
Westchester
all
of
BALANCE
which
York
New
and its subsidiaries
supply electric service in the
Boroughs of Manhattan, The Bronx and Brooklyn, and in the Borough
four
Inc.
j
251,264,000
A '
for
underground
1948
241,900.000
241,935,000
235,144,000
w.
_____
169,
corresponding
the
$175,000,000
44,000,000
6,000,000
,
and associated cornfor the week ended
of
:
indicated.
with
The
..
/
251,295,000
1 J.
—
8
1
-
254,182,000
15
Jan.
totals
1948:
1949
-V
22
Jan.
the
over
output
in New York Nov.
organized
was
of
■;
is
dispatcher
sistent
'•
Wee Ended—
Jan.
increase
5.1%
'
—_____
Co.
facilities
storage
operated
The
Co.—Weekly Output—
kilowatthour
'/••■
engaged in a construc¬
involve expenditures of*
____________—
Co.,
electric
The
York
<
the
are
is
will
estimated,
is
it
Consolidated Edison Co. of New York, Inc.
On July 31,
were merged
into the company two electric subsidiaries,
to
company
11,000
that
..
$28,000,000
requirements
are
supplied
from generating
stations owned
and leased,
with a generating capacity of approxi¬
mately
2,627,000
kilowatts.
Principal
energy
interchange facilities
consist
of
a
138,000
volt. 266,000
kilovolt-amperes interconnection
with
New York
Power and Light Corp.
and a 138,000 volt, 113,000
kilovolt-amperes interconnection with Long Island Lighting Co., and
$23,000 for the
,
'
thereto
'The corporation has determined to elect to
.%■
I
.
issue
the New York P. S. Com¬
3% convertible debentures
with
petition
a
to
Co.
The
1
stock
/Divs.
1
•
trust
owns
...
The
Show Small Gain—
Electricity output of Commonwealth Edison Co.,
panies, excluding sales to other electric utilities,
pfd.
cum.
in
Commonwealth Edison
of
sales
on
is
may
2,495
36,396
$319,316
_________
it
28,086
2,359
36,766
announces
company
resulted
$255,365
3.044
investments
Divs.
/
'
A
■
filed
PROGRAM—Company
Gas
there
ulous
"although operations of the company
three months ended Sept. 25,
expected that the operations for the six months ended Dec. 25
conceivably • be a small profit or . a small loss."
See also V.
The
1945
"
y' '
»
in
company
obligations,
operations
heretofore
and
"immediately
is
deposited
/
outstanding
operating company engaged, in
the manufacture, transmission and distribution to consumers of elec¬
tricity and gas. It is also a holding company which, through owner¬
ship of all ona substantial majority of the outstanding voting stock,
controls
certain
utility companies and a
non-utility company,' as
the
which grew
television network facilities,
CBS
Columbia Pictures Corp.—May
38,316
Other expenses
Net
of
expansion
Dec.
has been
on
thereof.
operations
service
T "
'
stations are acquired, Columbia will own
television outlets allowable under present
the last year from one station to 30 outlets,
anticipated," the company said.—V. 168, p. 2321.
>
__________
Placed
seeking, with "The Washington Post,"
during
subsidiaries.
'
calendar Years—
of
number
j
lof which $1,088,000
15, 1948), for which
1949
operations
The
FCC.
the
of
Further
at
additional
these
maximum
the
stated
-
projects:
Power
sought
was
and San Francisco, and is
station in Washington;
;
When
of
bidding,
loan
?
v
approximately $225,000,000, 011 the basis of present price levels and
conditions, for the years 1949 through 1952. It is further estimated,
that on account of this program, the
company
will be required to
finance
through the sale of securities, the type of which has not
been determined,
approximately $85,000,000 in addition to the bonds
now
offered.
Such
estimated
expenditures
include
the
following
changed
aggregated
the end
Inc.—Loan
System,
Broadcasting
total
a
-
-
from this tabulation the funded
/'/
Brooklyn Edison
surplus
with
exchange for the common stock of Long Island Lighting
COMPANY—Company
$3.71
$13,989,856
stock the number
common
shares
mortgage.
maturity
to
'
Total
$2,210,133
$5.82
earned
company's
cago
168, p. 2222.
/ tTaxes
as
into
13,771,831
outstanding
payment
which,
Consolidated
plant.
a
be
tOpen-end
authority
program
Common
"to insure, the continuation of the company's
strong cash reserves" in view of possible large expenditures in the
development of its television operations, it was said.
Columbia presently operates WCBS-TV, New York, the key station
for its network, and is the owner of 49% of "The Los Angeles Times",
television
station, KTTV.
CBS also has pending with the Federal
Communications Commission applications for stations in Boston, Chi-;
17
$3,000,000
competitive
at
filed
be
to
sell
to
$5,000,000 for 1950 for itself and its consolidated
Total income
sale of
on
for
CONSTRUCTION
tion
Gas
at Feb. 28, 1948,
company's previous fiscal year.—V. 169,v p. 107. ~ "
The
Capital Administration Co., Ltd.—Annual Report-
•'
profit
27,
1948, the
compared with
Nov,
Columbia
part
/the company's expenditures for property additions and betterments.
registration
$3,330,295
$174,616
$0.31
$261,369
$0.46
share- !V
com.
per
15,000.000
maturing in February
has
Company
major
Privately—The company, it was announced Jan. 21 has
arranged a 15-year loan of $5,000,000 at 3V2% interest
with the Prudential .Insurance Co. of America.
.
registration statement with the SEC
a
proposing an offering of 100,000 shares of 5V2%
Stock, 1949 series (par value $20),
a
,—
converted
are
will
subsidiaries
the
be issued in
——-—-v-j.:
133,000 ' 2,187,000
1,400,500
98,4-74
249,000
'
for
1,386,000
1,288,000
15,000,000
—
There has been omitted
trustee
Electric
the
over
debentures
company
Of
1945,
California Electric Power Co.—Registers With SEC—
The company
which
j
387,516
52,795
400,000
__1—
notes.,-——
$13,829,125
■■
first
bn
"Includes $511,115
.
>:
-
„
Dec. 1,'45
$4,450,944
pension.^,
profit
Earned
Commission.
the
.
is
1948
granted
reported
for
debs., I960
Company.
400,591
29,164
466,122
8,137
568,144
Provision for recon/j etc.
to show a sharp increase in operating
previous year, largely because of the rate
July, 1947.
The 1948 total is estimated in
$38,000^000, compared with $31,361,000 in operating revenues
for 1947.—V. 168, p. 2004.
.
./
for
of
excess
•
1,288,000
1995
4s,
$5,520,000.
in
of
the
' ;'
Nov. 30,'46
$781,875 '£5,947,050
Nov. 29,*47
$1,176,987
—
Fed. & State inc.ftaxes.
a
received
fourth
basis.
company
revenues
increases
the
' 1.549,000
1966______t
principal amount remained
the
principal and interest
with
9,000,000
•
&
outstanding
the
9,000,000
-
$286,913,140..
of
10,000,000
10,000,000
Co.
Power
Electrical
/;/.■'/'/
1966___
+
6s,
-
.
monev
the
of
(3)
(& Subs.)—Earnings—
Nov. 27,'48
9 Months Ended—___
Depreciation
by company since July, 1947,
will add approximately $8,900,000 to the company's gross revenues
and
on
on
all
shares
increase.
company
The
-
y,
Equip¬
a
income
&
7,790,000
25,000,000
•
Lighting
2004
4s,
Light
Co.—
mtge.
"If
(Excluding Canadian Subsidiary)
The company has been granted an interim rate increase by the New
,York Public Service Commission estimated to amount to slightly more
$1,000,000
of
Collins & Aikman Corp.
Brooklyn Union Gas Co.—Rate Increase Granted—
than
Electric
;
,
$10,000,000
t
1967,
mtge,
gen.
mtge;■ 6S,
value
1. 1964.—V. 169, p. 107.
idea
had
Total
.
Co.
Yonkers
of
a
company
t
$27,982,000
t
.
—
Westchester
V. 20-year 2%%
/..///j// ;/./
according to reports,
will begin construction
plant in Kansas City, Mo., for the manufacture
toilet articles.
The new plant is expected to bfi finished before
end of this year.—V. 168, p. 2005.
/
'
•' / * ''s
at Youngstown, Ohio, according to W. D. Robinson,
purchase price of the property was not disclosed.
The
Work will be started immediately to remodel
v
&
1st
company,
February
Illinois Steel Co.
r;(i
•
3'/2s,
York
Purchase
has .issued invitations for bids to be
to March
The
Carnegie-
of
1,915,319 shs.
None '•
11,477,215 shs.
Co.—
1950
mtge.
2nd
Colgate-Palmolive-Peet Co.—To Build New Plant—
Briggs Mfg. Co.—Buys Youngstown (O.) Mill—
57,365,400
1,915,319 shs.
2,200,000 shs.
13,771,831 shs.
$1001—
1st 31/2S, 1963—
Corp.
Lighting
New
mission
.;
This
Steam
mtge. 5s,
obligation and
Issue—
ment
1950,
100,000,000
100,000,000
60,000,000
30,000,000
50,000,000
57,382,600
1963
1,
pari— _
(no
(par
(11,477,215 shs.)
par)
Gen.
to
<:vV
.
1st
Certificates
the company to assume
147.
p.
(no
Subway
received by noon
(CST), Feb. 8, at its office, 608 So. Dearborn St., Chicago, for the
purchase of $4,500,000 equipment trust certificates to be dated March 1,
1949, and to mature in 15 equal annual instalments from March 1,
L. F. Rothschild &
Proceeds go to selling
York.
New
14 authorized
//' V/' /' v.'" V;
The. company
Underwriters,
$1).
(par
White
168,
stock
stock
stock
50,000,000
1, 1972
1979
1,
due June
debs.,
conv.
preferred
debs., 1976—
Consolidated Telegraph
Chicago Indianapolis & Louisville Ry.—Bids for
.■;
due Jan.
E,
cumul.. preferred
NOTES—(1)
On Jan. 20 a letter of notification was filed with the SEC for 4,000
shares
Co.
series
series
3%
$5
due April
due June
D, due Nov.
2%%
107.
p.
Botany Mills, Inc., Passaic, N. J.—Filing—
,
1,
Cumul.
Retail
'
1,
C,
100,000,000
100,000,000
60,000,000
30,000,000
1982
1977
1972
1,
B,
series'
3%
Corp.—Secondary
Products
Chesapeake & Ohio Ry.—Equipment Trust
}
due March
A,
series
"Com.
169,
2320.
The ICC on Jan.
Trade Board of the
years, has been elected a director.
Boston
the
Co.—V.
Telephone
Madison
liability in respect of not exceeding $7,000,000 2'/a% serial equipmenttrust certificates, to be issued by the president and directors of the
Manhattan Co., as trustee and sold at 99.533 and accrued dividends in
connection with the procurement of certain new equipment.—V. 169,
and
business
national
and
local
in
the capital stock of Weaver-
all of
and
Co.
Telephone
'
\
,
.
SUBSIDIARIES—
—V. 168, p.
7 ''' t
■
Boston Mutual Life Insurance Co.—New Director—
Daniel
acquire
to
be used
&
•"/
$1,437,000
//.;V,;/''//•'-''''V
5,176,000
1,455,000
$15,000,000
(open-end
bonds
mtge.
3%
Offering—
Blyth & Co., Inc., on Jan. 24 offered as a secondary dis¬
tribution 7,400 shares of common stock (par $1) at $13
per share, with a discount to dealers of 60 cents a share.
capital structure,
not
been
met.—
simplify
to
dividends
which
ref.
2%%
Privately—The Interstate Securities Corp.,
Certain-teed
preferred
of
&
Outstanding
Authorized
first
Y.
N.
2^4%
C.—
Asheville, N.
Co.,
Telephone
of
mortgage)—
Westchester
additional
an
conversion
the
..
civic
1st
2546.
p.
New York
,,tV. 169, p. 2.
!
168,
Co,
1995—
Kings County Electric Light & Power
Co. purchase money 6%
bonds, 1997
Consol. Edison Co. of New York, Inc.,
203.
p.
each having a $100
common,
Electric
ville
481,769 shares
stock in
instances where the preferred holders desire such conversion.
The revised proposal for exchanging new stock for old would give
holders of all but one class of the present preferred roughly twice as
much new common as was previously allotted to them.
The exception
ls; the highest rating preferred stock, the prior preference preferred,
r
new
■
Charlotte, N. C., is purchasing 46,250 shares of common
stock at $1.75 per share. The stock is purchased for in¬
vestment and will not be publicly offered.
new
and
par value.
The company
of
See V.
Mountain
Carolina
single class of capital stock to replace
eight classes now outstanding.
The new plan calls for two classes of capital stock—275,296 shares
of
7.
111.
mortgage,
2%%. series
Proposed—
revisions
the
ICC
stockholders
some
provided
RR.—New Plan
Jan.
on
It
FINANCING
'/
Electric
consol.
of
Boston
,
GIVING EFFECT TO
SUBS.)
AND
(COMPANY
COMPANY—
Edison
formerly a subsidiary of Pharis
Corp.,
the
company's unsecured notes to
be discharged were issued to
off notes of a l.ke principal amount which matured Dec. 30, 1948,
were
issued in
connection with
the interim financing of the
CAPITALIZATION
Tire &
issued to Pharis stockholders on Jan. 10, last, as a
Stock Placed
"■
/•'../
"
Carlisle
of
Rubber Co., was
liquidating dividend.
C.
Co.
stock
be constructed
depreciation reserve
may
as
to
company's construction program.
Trust
:'■'/../ :"
value.
chine
credits
from
which
Co., New York, N. Y., has been appointed sole
transfer agent with respect to 500,000 shares of common stock, $1 par
York
New
plant
utility
such
above
originating
salvage.
The
pay
Carlisle Corp.—Sole Transfer Agent—
The
,/ (E. W.) Bliss Co.—New President, etc.—
.
funds
net
PRESENT
Guaranty
solidated
and
Jan. 26 at
offering of 43,255 shares of common stock
$15.50 per share.—V. 167, p. 2576.
(Continued from page 2)
•
-
and
over
through
ings—Blyth & Co., Inc., offered Jan. 18 as a secondary
distribution 2,500 shares common stock (par $10) at $16 a
share, with a concession of 40 cents a share to dealers.
Lazard Freres & Co. and Blyth & Co. made a secondary
1949
Monday, January 31,
plant
Offer¬
Carey Manufacturing Co.—Secondary
(Philip)
General Corporation
FINANCIAL'CHRONICLE
&
COMMERCIAL
THE
(496)
not
or
pending
than 66%%
less
application
an
of the
outstanding stock of Long Island
Lighting Co. to be issued after the consolidation of Long Island Light¬
with its
ing Co.
Suffolk Lighting
&
Nassau
subsidiaries,
Queens
Co.
The
Borough Gas & Electric Co.-and
consolidation of these three .com¬
panies has been approved in a memorandum by the New York Public
Service Commission and a plan for such consolidation is pending be¬
pending before the SEC is the same as that
York Public Service Commission except as to
participation, if any, of th§ present holders of tha
common stock of Long Island Lighting Co.
There is also/pending before
the SEC an application by the company for the approval of that Com¬
mission of the proposed acquisition of the stock of Long Island Lighting
the
fore
The plan
SEC.
approved
the
by
New
the
extent
Co.
after consolidation.
Subject
and
the
of
the
the
to
'
requisite
stockholders
$28,000,000 15-year 3%
*
the
Public
the
company
convertible debentures in exchange for all the
outstanding stock of the consolidated Long Island Lighting Co.
all
than
issued
The
ing
of
will
such
be
stock
reduced
is
exchanged,
Lighting
Queens
Co.
is
'If
less,
the amount of debentures to be
proportionately.
territory supplied with
Co.,
.
Service Commission
proposes to issue
of
company,
consent
the
of
Borough
adjacent
gas
Gas
to
&
that
and electricity by Long Island Light¬
Electric
now
Co.
and
Nassau
&
Suffolk
supplied by the company and
Volume
Fifth Ward
the
of
the
the
several
the
of
names
amounts
purchased
several
underwriters
respectively, 'are as
follows:
The First. Boston Corp.
$16,450,000
Eastman, Dillon & Co.
5,000,000
Rollins
H.
&
&
Hall
(Inc. I
200,000
200,000
Mosle & Moreland ——)
5,000,000
___
Harris,
Co;--
California
Co.
Dulles & Co.
Wurts,
3,000,000
Stockton Broome & Co.
2,500,000
Brush,
Blair
Inc.—
2,000,000
Stroud & Co., Inc.-
2,000,000
Tucker,. Anthony & Co.
2,000,000
Francis I. duPont & Co.
1,000,000
The
1,000,000
_—
Co.,
Milwaukee
Co
Slocumb & Co.
Chace, Whiteside, War&
ren
„
H.
Sears,
150,000
Inc.—
750,000
Ifa
Co.—
750,000
750,000
D.
McLeod,
&
150,000
150,000
150,000
750,000
Barth
The
500,000
Ohio
Co.
300,000
Lynch
100,000
Perrin,
300,000
Ridgway,
•
&
""-""100,000
——
Sheridan, Bogan, Paul
& Co., Inc
Inc.
&
250,000
:w
—
'.s
C. C. Codings and Co., '
'■
Operating
revenues—
expensef—
Depreciation
6,775 ,000
—
32,097,881
26,725,000
:
Fed.
tax
income
10,431,723
10,786,743
cral income
41,521,999
♦Operating
in
divs.
involves estimated expenditures
9.414.444
deductions
11,219,912
40,909,350
assets
share
2,782,512
3,842,639
Sales
of
elec.
Sales
of
gas
■:
7,646,761
8,437,400
$15.34,
were
Fund's
2,456,019
10,939,556
kwh.)
ft.)
(M
(M
cu.
2,383,357
10,607,815
9,609,169
46,378,3831
this
7
net assets per share
Fund
Dec.
on
V
CONSOLIDATED
—V.
compared
S "
s
335,893,718
151,402,936
37,252,870
38,190,482
31,850,000
32,199,328
Operating revenuesOperating expenses
94.775,765
88,211,159 370,832,235
47,090,286
41,396,366
Maintenance
10,144,698
10,443,824
7,817,628
Fed!
8,075 000
inc.
179,572,373
12,735,265
3,042,900
13,119,139
4,664,600
Power
kwh.,
12,775,176
49,236,818
series
49,692,673
27,018
23,372
173,475
299,508
11,709.060
12,798,548
2,869,593
3,890,140
49,465,293
12,640,412
49,992,181
17,282,501
Jan.
21.5%
or
20,
amounted
7'
377.
8,839,467
8,908,408
36,824,881
2,601,229
2,521,422
10,176,321
12,760,052
4,309,464
Earned
per
share on common rtoek of Con¬
solidated Edison Co. of New York, Inc.
57,122,839
16,247,815
32,709,630
9,541,251
52,071,853
15,047,912
$2.31
Income deductions——
income
Net
Sales
elec.
of
kwn.)
(M
Sales
of
gas
Sales
of
steam
13,141,637
4,106.036
(M cu. ft. I
lbs.)
(M
due
the
of
special charge
>
V.
1,
called
31,
totaled $2,042,742,
1948,
net
a
for
Dec.
of
2.9%,—V.
169,
p.
corresponding
the
redemption
for
$210,000
at
100.84%
be
made
will
■ ■
week
Jan.
Boyer,
;
'
-
-
first
of
either
year.
Divs.
"
V.
,
plant
to
Muskegon,
at
'
The
and
history,
Gas
'*
budget
1949
this
is
ttye. largest
large
part
total
is
in
without
current
President
is
■
<';
cost.
Michigan
tion
necessary
construction
will
have
The
National
1
be
entering
The
The
have
applications
lines to its network of
for
add
more
such
as
Francaise
<•
President
"
107.
'
/."•
;
■
*!
■
'V
Burks,
has
who
tTt(.
,
named
been
II.
In
on
May
and
1.949,
The
stockholders
on
Feb.
25
will
consider,
will
"
of. Ford
have
bommon
p.
stock:
-
from' *1.560,000
107.
shares
-
3,000.000
to
■
'
■
■
:
'
shares.—V.
••
169;
••
institutional
tax
of
1945
$97,104
$105,849
$139,134
; %;
1,319,508
1.548,209
4,512,851
1,770,009
1,327,507
1,556,953
4,556,136
(Dr)
sold-
$53,327
$83,105
$97,104
$105,849
$553,471
$366,930
$330,308
1,498,215
1,396,360
1,334,157
797,763
$2,038,207
%•:.
$1,949,831
$1,701,084
$1,128,071
279,000
279,000
279.000
302,250
1,229,173
1,130,840
868,616
458,891
and
$530,034
$539,932
$553,471
$366,930
14,894,837
14,802,799
14,802,729
14,762;581
municipal
$1,300
in
taxes
of
tLess
1945.
$276,853;
dividends
cash
dividends
$16,000
deposited
Federal
therefrom.
paid
for
'
,
:
on
preferred
etc.,
$199,857;
dividend
interest
(at
acci-ued,
$7,001,764;
securities
other
(at
..
preferred
on
and
1945
in
DEC. 31, 1948
receivable,
securities
undistributed
total,
stock
income
undistributed
$530,034;
$23,648,529.—V.
''•.!» L
.1
new
Electric
Co.
or
the
138,
se¬
2542.
p.
Develops Low-Cost Phenolic
developed
field, Mass. These
cent
one
investors.—
by
to
the. properties
the
of
high-oualitv
company's
materials
the market
below
parts
PJtts-
are
priced an average
of other general purpose
1
•
'
price
powders.-
Awards
molded
department^at
chemical
wood-flour filled
new
pound
per
molding
in
phenolic molding powders which
achieve lower materlai costs -with
purpose
plastics industry
sacrifice
no
been
general
of
group
enable
has
1,
The
ture
.
Contracts
Two
to
..
Coast
West
Firms
Motor
to
("-ordinate
Co.
nas
aircraft
interest
;;
Aircraft
The
announced
Jet
for
Ford
overseas
In
Ford
some, cases,
a
the Ford
Motor Co.
!
-
•
ma¬
a
and was elected Vice-President in charge
April.
Directors of the new company
help
to
Ford's
addition, Ford, Internatiopal -Co-,
branch '■ to
In
167,
649.,l
p.
" v
'
& Co., -Ltd.—"Queen
Start Service Feb. 12—
seat
!
?
....
.
.
servfee.
the: romDanv-announced
aft
a
*
first
in
62
Heights
•" •
-
Terminal
v.*.....
Oix/Jan.
25.'
•
•
:
-
parts
cones,
transition
will
manufacture
liners,
these
combustion
and
also
frames
and combustion chambers.'
auxiliaries for engines produced
but
addition
in
parts
and
'
.
Y
at
all-electric
,
multiple-unit
operation
in U. S.
n*
the
apiece.
They' represent
transit lines rolling „stock.—V.
pastengers
rapid
■'■V''
General
Precision
'
phout half
169, p. 377.
1
■
of
Shaker
'
,
•'
Equipment Corp.—Dividend
Non*
taxable—
Jan.
"
24
N. Harder,
stated:,;,,
Treasurer,
in
,
...
notice
a
.
•
.
r
to
the
stockholders,7 on
,
has ruled tentatively that each of
the four dividends of, 25 cents per share paid by the corporation in
1948 is 100%
nontaxable to the shareholders.
YDu should apply the
•amount of the dividends against and reduce the tax cost of your stock.
"The-ruling, Is subject; to -the audit of the income tax return of . the
corporation for 1948.'-'-1-Vi 168, p. 2324.
-
-
•
•
company's Lynn River (Mass.)
for Lynn-made engines.
The
year.
manufacture
tail
Solar
'.
*-
the"-Queen;"of-rBermuda: returns- to the-'New- York-Bermuda*
'©i)t Feb, 12. the "tlster- "ships Fort' Towh'shfehtt'ahd Fortr Amherst-;
be: transferred :from!<"tbafc ;run tdt'the New York. Nova Scotia: an^lA
this
to
h*"b-snecd PCC
country, went Into service between Shaker Heights, Ohio,
and Cleveland Union Terminal early
in December.
Twenty-live new
cars that
make up this service were buixt by Pullman Standard wxth
all electric equipment supplied, by General Electric Co. •
The new
cars
are
nine feet wide by 50 feet 2Va
inches long and
affiliated
of Bermuda'' to
G-E's
General
Aeronautical Co., both of San Diego, Calif.
parts will be shipped for assembly to General
plant in Lockland. Ohio, when that plant
early
produce
liners.
engine
Ralph
Furitess, Withy
of
Manager
which
Ryan
...,
Harborside
the
engine,
First All-Electric M-U High Speed PCC System
to establish an over¬
proposes
located
be
N. J.—V.
the
continue
produce
The
cars
r- ■ •;•.
designed
Acting
,
jet
,
Co. will be in New York.
Its
who Joined Ford Motor Co. as a
is
Salmonsen,
J-47
the Lockland plant will be manufactured by subcontractors, and the Lockland
plant will be for assembly and test only, the company said.
Y Capacity for produption of the J-47 will be greatly increased witty,
the addition of the Lockland plant, according to G-E officials.
• • '''
The J-47 now powers the Air Force's F-86 North American fighter;
which recently established a new world's speed record of 671 miles an
hour.
The Air Force has ordered 674 of the F-86 type aircraft.
in
Internatibnal/ Co.
City,
will
All
minority of the total stock outstanding.
Howard,
1948,
division
operation
chamber
International
K.
January,
and
the
Diego-made
Ryan:; will
companies
owns
A.
C.
on
newly-acquired
Works
will
various
use
begins
stock interest in any of the 36
associated companies of the Ford
in these operations will continue,
the
in
f
v
-
Divisions.
Turbine
for
Co.
San
Electric's
' /%/
interest
.
Electric
produces for the U. S. Air Force, the pnrLs will be marte bv the Solar
,•
or
by
recently
Gas
Designed
assist
and
been
-
has awarded substantial contracts for the manufac¬
jet engine parts to two West Coast concerns, it was
company
of
announced
in
Newfrninrtla-nd
.
$539,992
—
$14,894,837;
General
will
■.C
<•
Co.
•
will
1946
Molding Powders—
service
r
\
•
surplus.—
$69,750;
ho
branches
Graeme
distribxitcrs
DEC. <31
ENDED
1947
"
*
ranging
board.
as
*
divs.——;
SiW
T1 When,
increasing the- authorized
"**
YEARS
1948
above)—
State
surplus,
notes.
will mature March
two
to
3 V4%
10-year
$3,500,4)00
1,
7,
latter's
of
Building,. Jersey
•
,
SURPLUS,
received
ahd
1946
dividends.
in
$16,668
1,734,231
curity profit, $53,327;
as
.
France.)
in
1947,
fox-
dividends.
capital
S.
an
*
a;
$797,763
in
payable Jan. 3,
1949,
$69,750; payable for securities purchased, $160,684; reserve for accrued
taxes,
etc.,
$101,000;
$4.50
cumulative
preferred
stork
($100 ; paxvalue), $6,200,000; common stock ($1 par value), $1,638,898; capital
(New Jersey),
Jr., as a Vice-
.
;
^
% a
$1,334,158
V
LIABILITIES—Dividend
various parts of the world to improve their products,
increase their distribution, keep their methods modern and meet finan-..,
tial; supply; exchange, engineering,-manufacturing, sales and human
relations problems," Mr. Howard said.
7
. • V
.
:
seas
shares of common stock (par $5) at $35% per
share, with a discount of 75 cents a: share to dealers.
—V. 168, p. 2006:
:
.--v-.^
Capitalization:—
is
enterprises
12,640
Dana Corp.—To Double
$1,396,360
$3,236
cost),
cost), $16,100,306; total, $23,648,529.
W.
International
affiliates
Co.'s
'The .Ford
Creole Petroleum Cdrp.^Secondary Offering—Blyth &
'
the
'on
:
!
...
39,724
149,937
ended
year
(as
Treasury
Henry Ford and other top executives of Ford Motor Co., with
the Vice Chairman of the Ford Motor Co., .Ltd., of England/ and the
President of Ford Motor Co.
of Canada, Ltd., also invited to serve
including
'S
37,988
147,773
Income—
U.
are
voltage trans¬
thap-2,500 miles now in service.
electric customers,
OF
-
income
::;7^.7/.777'^:::;.7;77■,.7:'7;:7,^■l:
retirement
'•
•'
■-
Ford
international
its
of
miles of high
new
35,301
149,520
10,000
securs.
31
"After
Co., Detroit, Mich.—Forms New Interna¬
of
as
of
consultant
Co., Inc., on: Jan. 24 offered in a secondary distribution
:
1,380
Engine Parts—
v
The
Headquarters
farms, and 11,000 new gas customers is also provided for in the budget.
is now .supplied to more than 600,000 electric customers and
\
7,797
sold,
stock
ASSETS—Cash,
Ml
privately
jority of the voting stock but
;
Service
169, p.
inc.
Total
from complete ownership of some of the
operations to a minority interest in the larger companies,
Ford Motor Co., Ltd., of England, and Ford Societe Anonyme
smaller
pending before
increases
rate
300
extension of service to 23,000
275,000 gas customers.—V.
16,190
44,056
in
1944
stock,
Promoted—
Dr. H. G.
his
explained.
described
is
Service Commission, and it is with the expecta¬
will be granted this year that the company
upon this program."
also expects to
177,497
•
,,
company
Motor
Ford
financed
•
$811,307
$988,804
Total undistrib. Inc.—
:>
Bank
assume
issue
to
par
subsidiaries,
Ford
Mr.
;
Ford,
Co.
Motor
Public
company
mission
%
We
on
Common
its office,
at
Standard; Oil Co.
' "
Motor
net"
.
to
at
notes
Henry
by
fair-increases
that
1945
>
2^4,135
year
in
com.
Preferred
"
the
1246
$1,293,578
23,066
for
1,
Dr. Burks' former position
operations.—V. 168, P. 846.
until
will
March
dated
be
international
all
square
through the sale of securities,,r Mr. Whiting stated.
"Consumers Power
Co. is im need of better earnings in order to raise these funds at reasonable
on
Dec.
has petitioned the' Massachusetts Department of Public
formation
The
statewide
mile
a
.
the
of
Feb.
Carringer,
R.
J.
manufacturing
tional Unit—
budget in the, company's
investments In Michigan
'
': •'
•')■'"
one-year
Storage Co.
4'A
Inc.—Earnings—
legal,
Net
'
'/•V;;;/Y''Y Y,
A
area.
the
of
election of
succeed
authority
to
the
overseas
interconnected
are
4,185
of
tax—
Aircraft
Mich.,
system supplying more than 1,200 communities in a 25,000
Michigan
the
all
for
are
Ford
plant on Lake'Erie, south of Monroe, Mich.
facilities
the
Vice-President,
of
158, p. 190.
i
where a
fourth 60,000-k'lowatt unit is
contemplated for 1950.
In addition,
engineering, and preliminary construction work is under way for a new
generating
all
outstanding.—•
$1,527,714
balance —-
Florida East Coast RR.—Court Rejects Merger PlanSee Atlantic Coast Line RR. above.—V. 169, p. 108.
plant at Saginaw Bay, Mich., the B. E. Morrow plant near Kalamazoo,
these
trustees of
and
Bryce,
now
securities
on
Undistributed
^
represents actual and 'proposed expenditures approximating $120,000.' Capacity
additions include installations at the John C. Weadock
All
bids until noon
affiliate
an
will
The company
issue
000.
C." Cobb
held;
182,366
during
Profit
The
1959.
Proceeds will be used to retire $1,300^000 short-term notes and provide
the company with $2,200,000 for plant additions.
Company plans to
-
be
$1,597,370
accrued.
sec.,
Previous
1949, for
bonds, 3Vi%
Immediate payment
Mellon
the
at
/:;7.
He
a
notes
v'
the
will
179,571
>
balance—$89,105
prov.
State
Fitchburg Gas & Electric Light Co.—Note Issue—
President.
;
Y
;
....
..This
program
will greatly strengthen electric power supplies in
Michigan, with the addition of nearly 300,000 kilowatts of generating
capacity put into service between 1947 and 1949. ,This means an in¬
crease
of more than 45%
incapacity, amifor the 1947-1949 period
B.
arrange¬
31,747,703
securs.
profit
A
Financing Needed to Pay
the
for
regis, fees,
of
on
sold
Exess
Equipment Issue—
on
announced
26
director
Whiting.
new
slxares
1947
1948,
little
Construction Program—,
the
No
to
each
in
shares
1,381
$1,417,798
$1,498,215
"Net
last
of
March
mortgage
oh
and interest.
•
Assistant
needed
money, a 1949 construction budget totalling $46,000,000 is proposed for '
this company, according
to an announcement Jan. 21 by Justin R.
and
the
Cooper
shares
are
BALANCE SHEET,
will receive
President.
Provided satisfactory arrangements can be made to obtain the
Mich'.,
right
the
prevailing
market.
Peter
202,364
STATEMENT
Cleveland,
the purchase of $6,300,000
equipment trust
certificates,
dated
15, 1948, and due $630,000 each Dec. 15, 1949-1958.—V. 169,
Utilities
for Large
of
36,558
bonds._-„__
Undist. Sec. Profit—
Pittsburgh, Pa., or at The Chase National Bank
York, 11 Broad Street, New York, N. Y., at the
price,
plus
accrued
interest to
March
1,
1949.—
This-company,
on
376.
Consumers Power Co.—New
■1
of
500 of f,20
benefit
for year—
tProfit
the System input of subsidiaries
75,586,000 kwh., an increase of 13,-
Esse Standard Oil Co.—Officials
.
!
then
stockholders.
time,
to
time
underwriting of any of
sale
1948
344.
p.
377.
.p.
_
System output of elec¬
tricity
(electricity generated and purchased) * for the week ended
•Jan. 23.
1949, amounted to 226,200,OOo kwh., compared with 252,300,000 kwh. for the corresponding week of 1948,
a decrease of 10.3%.
Local distribution of electricity amounted to. 217,600,000 kwh., com¬
pared with 224,200,000 kwh. for the corresponding week of last year, a
decrease
the
$58,244 in 1945, market value of securities
New
Erie RR.—Bids
that
announced
26
the
$23,861
trustee,
of
redemption
168,
income deductions.
included in
Jan.
on
company
price
for
"Including
stocks,
of common
to
fund,
1973,
bonds
Co.,
City
Company
Weekly Output Shows Decline—
The
the
Other expenses
1949
over
sinking
Jan.
called
the
"
"'Before
from
aud. and report exp...
preferred stocks,
1.67%.—V. 168,
$1.90
income
the SEC
behalf of the
with
in
/.
has
the
of
Trust
&
full
"Gross
from
over-the-counter
made
$1,545,339
and
custody
Light Corp.—Weekly Input—
&
ended
company
•ccount
of
11,632,042
income...
r.
the
be
(director),
for
Total
50,468,299
13,940.000
52,990,174
19,880,000
income—
"Operating
Nonopcrating
in
to
the
to
stocks____
on
on
Transfer
$23.65, com¬
company
The
(est.)——
tax
related
Total lncome.._
Equitable Gas Co.—Partial Redemption—
than Fed-
income—•——„_)
eral
stock
regular
SEC—
With
statement
capital
shares
such
company
Trumbull
Taxes paid and
has called for redemption on March 1, next, through
the operation of the
sinking fund, $53,000 of first mortgage bonds,
31/2%
series
due
1969, at 106.2%
and interest.
Payment will be
made at the
Harris
Trust
and Savings Bank,
to-trustee, 115 West
Monroe St.,
Chicago, 111.—V. 168, p. 742.
'
—
the
created
Interest
79.91% ; preferred
and uninvested, 5.67%.—V. 168, p. 2429.
portfolio consisted
week
169, p.
The
1943—12 Mos.—1947
•$
S
Depreciation
Taxes, other
of
in
selling
trust
Empire District Electric Co.—Partial Redemption-—
STATEMENT
INCOME
1948—3 Mos.—1947
Period End. Dec. 31—
registration
General American Investors Co.,
x
were
due
additional working
as
As of the close of 1948, net assets per
with $15.05 oil Dec. 31, 1947.
the year.
corporation
384,000
special charge included in income deductions.
*Bcfore
the
For
31,828,566
9,010,648
42,531,637
32,066,7111
———
closely
of
Calendar Years—
for the calendar year 1948, tshows
$37,029,242, a net gain of $5,621,014
of
last year,
of
this
of
Electric
13,451,096
of
income
Net
is
sold.
to
Graver C.
report
1948
31,
stocks, 9.20% ; bonds,, 5.22% ;
45,279,662
1.767,683
—
Co.—Registers
a
Net income
3,060,952
55*3,633
185,364
138,333
income
"Gross
sales
company
been or are
be
previous
Income
and
*
.
shares
\shares held.
Approximately
V.. 168, p. 1798.
Co.—Scrip Agent Appointed—
,
The
cos.i-
January
voyage.
capital.
stockholders are: Norgreen Associates, Inc., 3,000 shares
of 6,104 shares helcl; Ogden B. Hewitt
(President), 1,000 of 1,400 shares
-held; Robert H. Morris (Vice-President), 600 of 1,100 shares held;
Eaton & Howard Stock Fund—Asset Value Higher—
(incl.
sub.
lronx
used
a
annual
its
Dec.
on
year.
the close
of
Net
42,218,710
40,352,717
11,034,048
9,276,111
income)
inc.
to
Proceeds
103.
gain of $211,776 for
Nonopcrating
a
2429.
p.
11,600,000
17,440,000
2,640,000
4,120,000
(est.)-
Coal
1,381
the
have
shares
26,849,328
.
.
passengers
In
and
usually
were
sailing from New York
officials.—V. 168, p. 2007.
filed
24
of
and
price
a
of
ments
The
pared with $23.73 on Dec. 31, 1947.
;lts portfolio is divided as follows: Bonds, 18.90%;
23.85%; common stocks,
55.58%; and uninvested,
33,455,009
43,655,046
3,973,204
6,426,628
3,612 ,466
the
As
'
Fund,
assets
for
$
$
76,143,365 319,873,538 291,580,844
36,587,762 159,602,894 135.935,798
41,604 ,601
Maintenance
This
net
1943—12 MOS.—1947
$
81,174 ,921
Operating
shares
Eaton & Howard Balanced Fund—Assets Gain—
>//•
1948- -3 Mos.—1947
"'
late
they
Ships
Furness
Jan.
sale
offerings
at
case
a
during the period Jan. 1, 1946 to July 1, 1951, approxi¬
of which represents net expenditures through Oct.
169, p.
the
"Dividend
ONLY)
(COMPANY
ACCOUNT
INCOME
Period End. Dec. 31—
7.
Canada
to
northbound
,
Y''Y,Y
200,000
-
COMPARATIVE
Baker & Co._
Thayer,
modern
Mountain
company
make
N.
100,000
100,000
—
England
from
100
reconversion
trips
trip
service
Bermuda
approximately
Feb.
on
their
one
company, plus an additional 9,285 shares to be sold by five
The company and the selling stockholders have reserved
C.—Registers With SEC
The Guaranty Trust Co. .of New York,
140 Broadway, New York,
Y., will act as agent for holders of common stock who desire to
purchase or sell scrip certificates.—V. 169, p. 204.
100,000
most
Gauley
The
$51,000,000
Eastman Kodak
Strader, Taylor & Co.,
300,000
filed
24
company's coixstruction program
1948—V.
31,
York
according- to
proposing
such purposes.
borrowings for
The
sailed
liner
New
the
of
one
service,
&
Newsome
Co.
of $114,900,000
100,000
;
-
Jan.
company
mately
in
of
capacity
making
the
to give
bank
Wins-
250,000
&
Cp
Maynard
.Inc.
&
250,000
;
Stillman,
West
low, Inc
•
Co.;.-:
&
Masten
Co.
Irving Lundborg & Co.
Maclcall & Coe
)—%' V
—
Leonard
,
luxury
arrive
in
While
extensive
alternated
Queen
of Bexixxuda
is
a
tux-bo-electric
vessel
with a gross
tonnage of 22,575, a speed of 21 knots and accommodations for 731
passengers.
Completely renovated from bow to stern, she will be
pletion of the company's construction program, to reimburse its treas¬
ury for construction expenditures since Aug. 31,
1948, and to pay off
100,000
100,OOo
Marachc &
Granbery,
Co
&
300,000
& Bodine
Crouter
E.
Jenks, Kirkland & Co.
& Townsend,
DeHavexi
Grimm
Ferris
300,000
Crowed,' Weedon & Co.
Moore,
Cunningham & Co
500,000
Co
Courts & Co
A.
100,000
100,000
100,000
their
undergoing
was
They
Islands,
The
registration statement with the SEC
proposing the issuance and sale at competitive bidding of $40,000,000
first and refunding mortgage bonds, due 1979.
Proceeds of the bond sale will be used to finance in part the com¬
Clarke
W.
southbound.
to
The
to
the
to
The
&
Corp.
one
to
'
.
Duke Power Co., Charlotte, N.
150,000
Richard
Cleveland
Corp.
The
Dabney
Tyson
500,000
Co.
&
First
,
-
A. Lomasney & Co.
Townsend,
Inc.
J.
& Co.—
Weir,
Young,
prior
manner
Lester & Co.-
Laird, Bissell & Meeds
Bermuda
Equips.—
holders representing common and preferred stocks
dix-ection to escrow trustees not less than 24 hours
stockholders' meeting scheduled for April 13 as to the
in which the deposited shares shall "be voted.—V. 169, p. 4.
entitled
arc
150,000
Sulzberger
Hallowell,
England.
the
then
RR.—Stockholders'
Western
Grande
Rio
&
Bermuda
of
in
those
certificate
Escrow
Emerson & Co.,
L.
Ball. Burge & Kraus—
Haupt
Denver
Queen
refitting-
with
reported Jan. 21
was
Meeting—
Inc..
vessels, built originally for the New York-Canada service in
placed in the New York-Bermuda service after the wax-
the
and
that company expects to ask for bids about
the middle of February on an equipment trust issue of $4,800,000.
The
date for opening of bids will probably be about March 3.—V. 169, p. 4. "
200,000
200,000
150,000
150,000
——
Hemphill, Noyes & Co.
&
Delaware & Hudson RR. Corp.—To Finance
It
Rotan,
13
were
while
booked
Robert C. Jones & Co.
First
Sons,
Inc.
1936
that
26
Amount
Amount
E.
announced Jan.
would have the right to
company
(497)
These
Okla.—Rights—
stockholders of record on
Jan. 31
buy one new share of capital stock
at 60 cents per share for each four shares held.
Rights will expire
at 3 p.m. (EST) on Feb. 28.—V. 168, p. 2006.
The
principal
them,
by
CHRONICLE
FINANCIAL
&
Deardorf Oil Corp., Oklahoma City,
and all
Suffolk Counties
and
Nassau
Borough of Queens, City, of New York.
UNDERWRITERS—The
and
COMMERCIAL
THE
Number 4773
the major portions of
comprises
of
169
"The ; Internal
Revenue
Bureau
14
General Public Service
,
directors
The
After
the
of
deduction
further
a
stock
preferred
$100
at
record Feb. 15,
income
taxes
that
on
portion
of
holders
Pursuant
the
to
and
terms
Aviation
::
equipment
__
1948.
.09
__
of its
Railroad
.
equipment
stock
Steel
^
•_
and
By
the balance of realized net gain on investments was $127,764.
COMPARATIVE
Record
1948
1947
1946
1945
$244,713
$221,055
$215,423
income
Taxes
63,111
68,639
66,286
continue
.06
bank
on
Debenture
dividends
distribution
represent
2,360
2,426
2,325
37.509
loan...
interest
42,462
47,709
Gulf
in
fourth
Oil
5,342
Of
the
169, p.
the
income
security profits
$.99,002'
$107,594
$141,578
_
"Exclusive of
$42,677
Gulf
of
losses.
or
Holds
of
shares
Texas
its
left
BALANCE SHEET,
DEC. 31,
1948
/ LIABILITIES—Accounts payable, $47,473; provision for taxes, $31,184;
bank
(maturing in
quarterly instalments of $50,000 to Nov. 23, 1955), $1,400,000; pre¬
ferred stocks, without par value (3,715 shares of $6 cumulative dividend
series; 36 shares of $5.50 cumulative dividend series; and 6,603 shares
of $4 cumulative dividend convertible seriesi, $1,040,400; common stock
(10c par valuei, $70,290: capital surplus, $1,098,635; undistributed net
income (since Jan. 1, 1932), $56,419; realized net gain on investments
accrued
(Since Jan.
on
loan,
bank
ZVi'/Y
$3,729;
sold
1, 1932), $127,764; total, $3,875,895.—V.
The
electric output of this corporation for the week ended Jan. 21,
amounted to 163,504,750 kwh., an increase of 7,703,135 kwh.,
4.9%, over the corresponding week of last year.—V. 169, p. 377.
1949,
or
General
Telephone
The
subsidiaries
increase
holders
increase
the
(76,054
its
this
each
shares
65
Gulf
Texas
record
of
Jan.
on
Feb.
at
in
the
the
board
the
Oil
stock
forest
shares.—V.
621,557
169,
Dividend in Stock—
dividend
a
2V2%
of
in
10.
share in cash
per
Feb.
on
1,
believed
that
the
announced:
$16,000,000
over
May 1,
on
bring
$662,000
interim
an
the
per
basis
total
in
rate
to
year
August,
increases
the
supercede
1948.
The
authorized
and
"For
the
the
first
;
Tele¬
requested, aire estimated
summary of the rale increases
A
applications
pending
which
on
to
produce
granted
action
has
additional
an
since
not
Jan.
1,
yet been
$1,421,000.
after
Company—
Ashland
Authorized
Home
Central
Telephone' Co
Telephone Corp
Common we, lth Telephone Co
Commercial
Indiana
Telephone
Associated
Interstate Telephone
Co
Michigan As-o-iatM
Associated
Presentt
Co..662,000
§19,000
263,000
*426,000
______
26^000
Co
Upstate
Telephone
Telephone Corp. of New
i
23,000
Co
York
11393,000
*146,000
Gain
1949,
including
$1,421,000
pending the final termination of proceedings
number
on
and
of
in
telephones
some
in
service
certain
cases
the
at
dates
increases
in
of
applica¬
intrastate toll
tApplication
telephone
conversions
due
to
Texas
on
definite
a
being filed .in the
Increases
totaling
effective
to
conversions
NOTE—In
about
four
other
states
in
which
$215,000
under
has
to
become
of
certain
mission
that such
Telephone Co. has been collecting
pending final approval which amount to
annual
to
refused
v
operates.
company
approved
completion
on
Lexington
bond
an
on
County
pending.—v.
the
been
dial.
addition,
rates
■;'?/ 'V'
1947
$
(j«
1946
-
{§
.
:T
131,269,790 100,727,567
17,753,216
21,472,958
14,829,773
—-
101,619
556,993
64,070
17,749,246
22,094,021
——
50,044
9,034,357
—
6,768,894
taxes
income
12,934,430
preferred stock.
on
__
Net
-
beginning
at
surp.
437,440
5,266,840
overturn
increased
basis.
rates
The
ruling of
a
were
Circuit
Court
the Kentucky
unreasonable
ffo p. 2430. t0 the Court of APPeals
ma^e™
168,
T
4,584,427
period
of
7,230,150
and
of
P
where
it
is
now
26,776,344
Georgia &
Florida
Week End. Jan. 14
$4.75
$3.03
1949
Operating
revenues
1948
BALANCE
SHEET,
DECEMBER
31
$59,775
$51,375
process
Finished
1948
$108,605
$98,825
Georgia-Pacific Plywood & Lumber Co.—Sales at
Peak
rcse
to
a
new
peak
of
over
$48,000,000
1946
in
&
stock.
The
stock
is
now
Exchange Commission prior to
The
with
a
being registered with
admission to trading.
the
Securities
5 %^ Y" on Feb< 16> 1949> of $7-50
stamping
The
quoted
ex
debentures
tn
York
Stock
Exchange
above-mentioned
shall
settlement
of
continue
to
Exchange
interest
be
contracts
in
53, $50, has been paid thereon.—V.
'
on
"flat,"
Total
p
•
1
269,388
330,386
301.789
493,926
6,657,396
v
26,788,331
$84,039,023 $80,703,710 $70,050,967
__
the
Feb.
and
to
'-'v.V
payable
%$3,374,149
$3,304,796
accounts
Accrued
1,006,050
1,123,555
1,085,565
1,272,153
109i360
9,171,688
6,072,949
Preferred
U. S.
dividend
and foreign
^Reserves
debentures
16;
be
that
a
for
New
be
the
57c
taxes
on
income.
stock
(par
no par value
shares)
value
§Treasury
1,582^840
175,489
153,078
9,619,400
9,619,400
16,945.850
4,402,582
16,945,850
16,945,850
4,112,456
cost—
Total
4,112,456
"After
in
' '
1946.
—$84,039,023
reserve
1'After
of
$946,597
reserve
for
in'
1948, $908,082
depreciation and
$80,703,710 $70,050,967
in
$1,399,680
$1,263,689
66.00
68.97
67.03
55,613
52,008
; 645,864
592,716
1947
and
amortization
SUBSIDIARY—Corporation*
is
the
a
trust cre¬
incorporated
was
of the office
located
at
175
owner
Building,
?
■■■-;
-
city
directors
common
21,
and
all of
being
and
Chicago
the
buildings
financial
have
"Loop"
the
same
district.
COMMON STOCK—By amendment to the
the company which became effective on
previously issued and outstanding shares of
22,000 shares (par $100), were changed and
OF.
incorporation
into
officers
situated in
are
of
the
shar,es
165,000
of
common
stock
(par
$10),
the
on
shares of new common stock for each share of previously
capital stock.
This recapitalization resulted in a reduction
7V2
in
the
of
the
stock
capital
amount
same
in
account
its
of
paid-in
the
and
company
surplus
in
account.
a
<:
$4,080,125
sub¬
——________
•
Outstanding
$4,375,000
1945
mtge.
,
2,600,000
165,000 shs.
2,093,378
'i
165,000 shs.
buildings contain 1,067,745 aggregate square feet
(exclusive of corridor and other space not generally
BUSINESS—The
rentable
of
area
rented, some of which is presently rented); consisting of 985,280 square
feet above the ground floor, 46,501 square feet on the ground floor,
and
35,964
in
feet
square
the basement for storage
purposes.
of the underwriters and the number
41,000) of common stock which each
has severally agreed to purchase at $13.25 per share
from A. Pam
Blumenthal
and Sara Pam Blumenthal,
two of the
selling stock¬
of
shares
initial
and
holders,
names
(aggregating
number
the
underwriter
each
which
of
shall
have
the
(aggregating
shares
additional
right
to
purchase
41,500)
at
$13.25
Bear and Salim L. Lewis as executors
of the estate of Julia Pam Bear/Helen Bear Crystal and Joseph A.
Bear individually,
the remaining selling stockholders, severally and
in the order named,
are .as follows;
.
share
per
from
Joseph
A.
Number of Shares
Initial
Central
A.
C.
and
Co.—
&
Straus
(Inc.).
Co., Inc.—
&
—
:
—
31osser
•
—,
Hickey & Co., Inc.—.;
fiill Richards & Co.__a_—_
Pacific Co.
Scherck,
——
•
Richter
Si
Woodard-Elwood
Co.
—
Co
&
Collins
&
—:
2,000
—-—1,500
1,500
Moore,
Leonard
$877,639
Sills,
—V.
Stiver
Minton
169,
p.
&
6.
&
Co.,
Co
Inc
2,000
2,000.
2,000
1,500
1,500
1,00Q
1,000
—
1,000
1,000
—
1,000
1,000
1,000
Lynch__
&
2,000
>
1,000 \
—-
Co.—_____
Martin-Holloway-Belcher
Saunders,
2,000,
Co.—_____—_—
Ames, Emerich & Co., Inc.——:—
Julien
13,000
4,000
4,000
3,500
2,000
2,000.
:
of California———,—
Gibson
C.
—
Addlt'l
12,500
4,000
4,000
3,500
Republic Co.
Allyn
Riter
of
$48,-
Stock
Corp.—Common
Building
lease.
Exchange
entire
an
$550,000
W.
_
31,360,771
26,776,344
19^546,194
Drl,47G,837 Dr1,577,475 Drl,577,475
__a—___
at
5,684,005
(issued
,
stock,
1,265,123
1,582,840
9,619,400
$100)—_
_____
surplus,
surplus
1,323,466
6,763,788
255,799
—a_
stock,
109,360
772,679
_
reserves
1,375,702
8,003,185
1,582,840
_____
pfd.
Capital
Earned
6,997,630
pensions——
contingencies——
Common
2,711,336
109:360
$123,787
78.16
$3,928,749
1.232,731
delivery
377
:
declared—.-—
insurance.
for
for
beginning Feb
16
1949
No. 33, $7.50, and payment
169
50,083
'LIABILITIES—.
Accounts
made
v? ^b<L«tainpsd to indicate payment
No.
J
that
payments
dealt
charges
Miscellaneous
Per $1,000 class B debenture
directs
50,083
consol.
not
20,070
557,816
$37,412
UNDERWRITERS—The
9,705.399
10,459,737
7,754,448
34,815,324
601,163
sub.
18,943
556,401
Authorized
••
<:l?
35,943,676
_____
property-.—
1.731
46,438
CAPITALIZATION
-
11,903,412
8,395,837
assets
Deferred
:
"
y
_____-
products
Reserve
PCI" ClaSS A debenture on Presentation of debentures for
New
Other
■
in
270,488
^
Reserve
Payments—
Payment will be made at the office of Robert
Winthrop & Co.
.
'
or
work
and
Deposits for returnable containers.-
company's sales for January are running ahead of a vear aao
good unfilled order backlog, Mr. Cheatham said.—V.
169, p. 5.
Green Bay & Western RR.—Interest
cost
V."-.'
foreign
$1,841,575
4% note dated Sept. 1,
1st mtge. leasehold 4%
bonds of
sidiary dated Sept. 1, 1945
Common
stock
(par Sl'0)
:
in
1948, more than
doubling the 1947 volume of $23,000,000, Owen R. Cheatham, President
reported on Jan. 27 following action of the New York Stock
Exchange
in formally
approving the listing of 756,368 shares of the company's
common
of
lower
supplies,
tPlants and
Invest,
$1,975,024
-
Insurance
1949,
stock
1st
<
111947
1948
market—
1949
—V. 169, p. 377.
Sales
ground
credit
$11,290,286 $17,432,395 $15,004,761
U. S. Government securities--—
7,016,800 ' •*'
<
1,020,300
Postwar refund of U. S. taxes—i160,908
160,908; 1
160,908
"Accounts receivable
8,406,370 9,431,041
,9,918,156
Materials,
3171,956
1,839
1915, and
Exchange
1,
of
of
ASSETS—
Jan. 1 to Jan. 14
18,142
$87,270
of—
AND
Sept.
reclassified
Cash
Inventories—at
RR.—Operating Revenues-
$1,823,433
22,589
is owned by the trustees of
the late Ernest R. Graham.
authorized
19,546,194
$3.90
of
CONSOLIDATED
Com¬
company
$1,952,435
1,442
Exchange
Insurance
capital
15,523,921
"After
depreciation
and
amortization:
1948,
$6,295,808;
1947,
$6,345,950; 1946, $4,468,344.
tBased on an average of 2,633,948 shares
outstanding in 1948 and on 2,633,420 shares in 1947 and 1946.
Fayette
S
the
end
at
surplus
$170,514
—
RECLASSIFICATION
4,022,273
"19,546,194
31,360,771
period
(•Earnings per
common
share
on
2,633,420 shares outstanding..
Earned
376,053
Go. of Chicago. The stock being offered represents the
interest in the properties of the late Max Pam or his
heirs since the construction of the North Building in 1912.
articles
—_
Period—
ratio
Insurance
basis of
_
1,723,249
370,757
$85,759
'
managing agent.
The buildings
437,440
3,950,130
26,776;344
dividends
after
income
Earn.
stock
common
on
1,827,304
35,434
Offered—Offering was made Jan. 26 of 82,500 shares of
common stock (par $10) at $14.76 per share by a syndi¬
cate of 16 investment houses headed by Central Republic
have
8,409,843
437,440
5,925,195
10,947,062
income
Dividends
158,795
12,236
transfrd.
occupy
106,236
75,190.
33,290
taxes.
1948—12 Mos.—1947
$1,072,864 $13,374,066 $11,899,083
708,121
9,223,570
7.976,349
Building and the Underwriters Building
block, const.tuting together the largest office
building in rentable area in Chicago.
The buildings
are
similarly
constructed and appear as a single large building.
The buildings are
separated by party wall (the south wall of the Insurance Exchange
Building and the north wall of the Underwriters Bu'ldingi and have
connecting corridors and lobbies.
The company and
the subsidiary
600,000
29,394
5,811,018
contingencies
deductions
of
128,956
surplus-_
The
14,956.491
130,088
income.——-
the close
before
or
1,510
depreciation
under
8,653
118,065
24,479
assets.—:
are
$13,000 have
already
Oklahoma and New Mexico
in
increased
negotiated
are
$281,900
'[{
.
on
Stock
48,019
Jan.
no State Commission reguwith individual
communities.
being filed with various communities
schedule and amounts totaling $98 100 are
rates)
totaling
for
Dividends
certain
other
income
Net
of
JRate increases in Texas (where there is
Amounts
S,
fixed
of
income
Foreign
filed.
§To become effective upon completion
take place during the first half of 1949.
in
sale
on
Provision
U.
1948
.'"O
operations
Miscellaneous
rates.
laling
from
Total
30,
■/•./.*
Trust Co.,
business on
in
building called
West Jackson
Boulevard, Chicago, 111., on land owned in fee.
The company also
owns
all of the outstanding shares of capital stock of
Underwriters
Building Corp. (subsidiary), which was incorporated in Illinois March
18, 1927.
The subsidiary is the owner of an office building, called
the
Underwriters
Building, which
adjoins
and connects with
the
;Insurance Exchange Building &nd which ;Is' located on land, leased
and operating revertue's— 129,267,020
Miscellaneous
$3,894,200
June
tBased
tion
sales
"Profit
148,700
Total
"To
;V .'-('j; ;
Net
notification
York
of
168, p. 2685.
the
FOR CALENDAR YEAR
ACCOUNT
York
cash
812,222
income.
earned
Illinois
/
Report—
(Inc.)—Annual
Co.
INCOME
CONSOLIDATED
•
Telephone Corp
6an Joaquin Associated Telephone Co.__;
Associated
^
Powder
Hercules
270,000
quarters of 1948,
cents per share,
share.
New
$1,039,173
deducts.J
COMPANY
,
§135.000
Arkansas
Southwestern
168,
10
the
members
1948—Month—1947
income
ated by
the.
only two other large mercury turbine installations in
p.
1042.
-
were
of
be
to 70 cents per
The other 50%
______
*$422,000
660,000
__
Telephone
there
639,800
smaller unit that has been in service
a
years.
The old unit, also built by General Electric, was the
large mercury unit installed in this country. Rated at 10.000-kw,
has given very satisfactory service since 1928.
Prior to the war
_
969,000
Net
—V.
,
replaces
last three
cents
payable
Issued
all
will
accounts In stock and
received by the New
be
charges
"Incl.
20
world.—V.
10,700
Co
Telephone
Ohio
Pending
Corp
Telephone
ft
$102,000
_w_
Vermont
Illinois
for
the
10
of
stock,
Scrip certificates
year
of
quarterly cash
dividend
common
dividend
must
usual
the
cash
taxes
first
Increases
4.
cash
last
requirements
income
to
exceeded
comparable period."—V. 169,
earnings
"
installation
The new
1947, and the'
taken, follows:
tlncreases
turbines.
been
will
'
■
Operating
1948,
of
months
11
Fixed
The
just-
increases
General
in
meet
Miscellaneous
*
phone
to
to
the
In each of
to settle outstanding
ry. oper.
income
Total
placed
$342,000
and Chair¬
has
President
years,
company.
extra
an
dividends paid
requirements
v
Net
steam
authorized
announccd
to
fractional shares.
(
Other
$1,350,000, both being the largest for any
p. 377.
-■
;'f'r."v.
Michigan Associated Telephone Co. (69,814 tele¬
has been authorized
to
place
in effect,
are
amount
1936,
Douglas,
the
extra
on
Feb.
Broadway, New York, N. Y.,
11, 1949.—V. 169, p. 6.
'v-v..
amounts
which
Michigan),
to
F.\
addition
an
dividend
record
Railway oper. revenucs_
"Railway oper. expenses
Railway tax accruals—'
Net rents payable
industries made the conservation of the. com¬
prudent policy in the light of the company's
commitments
for physical facilities and
timber reserves."
He added that "by reason of its large inventory of peeler logs at
a
cost
substantially below market, the company will not face the
necessity for reduced production which prevailed a year ago because
of inadequate log inventories.
With logging operations generally sus¬
pended in the industry due to unusually severe weather conditions, the
company's position with respect to log inventories likewise makes heavy
demands upon the company's cash."
were
of
in
share,
Period End. Dec. .31—
unsettlement
current
per
stock
a
further
.
Illinois Terminal RR.—December Earnings Lower—
common
System, since,. Jan. 1, 1947. to $3,894,200 (") per year.
In
addition, there are 0tfcer application^ pending which, if granted in the
in
estimated
such
100
products
Daniels
company since
the
past
two
Arthur
Officer, of
declared,
5%
a
total
order
In
of
payable March 1 to common stock¬
During 1948, the company paid regular
directors
resources
for
company distributed
Exchange
This
held.
share,
of 20 cents
of
the
board.
Executive
holders
to
bringing
Hartford Electric Light Co.—New Unit in Operation—
first postwar mercury unit power plant equ\pmti:i. nas been
in operation in the company's South M- adov. Station.
Designed ar.d supplied by General Electric Cc.y tbf equipment use-?
mercury vapor at
113 psig at 945F to drive u mitcury turbine at
720 rpm.
The unit generates 15,000 kw while also "upplying about:
200,000 pound:; of stfekm per hour at 400 psig "700^ to drive existing
rates
new
phones
of
the
capital stock
Gulf firm in
distributed to the
basis of one share
Co.
Daniels, Chairman of the board, on*Jan. 25 announced that
"the departure from the policy of paying dividends in cash was adopted
because
director of
Committee
the
of
cents
and
1
Texas
were
Gulf
March
W.
E-.
registration
Co.—Marcy Named Board Chairman—
a
have
10
of
in lieu
the
to
of
stock
declared
24
outstanding
quarterly dividends
1 and Dec. 1.
Mr.
telephones in Wisconsin), has received authority
by $639,800 (see
below)) per annum, while
rates
each
its
which
preferred
not
Chief
be
directors
Aug.
Corp.—Increases in Rates—
corporation have .lust been authorized to
telephone service in their areas.
Commonwealth
for
rates
Telephone Co.
to
of
directors
on
sales,
Two
in
Registration
of
a director of Midland, Properties, Inc., and of
Clement Co., of Buffalo, N. Y., and
a-partner in the law
Moot, Sprague, Marcy & Gulick, of Buffalo.—V. 168, p. 847.
share
Feb.
pany's cash
169, p. 5.
General Public Utilities Corp.—Weekly Output—
,
investment
for
Harbor Plywood Corp.—To Pay
•
stock
loan
stock
withdrawal
W.
of
given in
was
377.
p.
ASSETS—Cash, $555,765; dividends receivable, $20,816; investments
in
securities,, $3,298,118; prepaid insurance, $332; office equipment (less
allowance for depreciation), $865; total, $3,875,895.'
/
interest
1948
Shares of Texas
Gulf "Sulphur
were
1948, and on Dec. 22, 1948, there
Corp. stockholders 174,543 shares on
Oil
Texas- Gulf
29,
second
Advisory
to
dividend
November,
"Net
do
Chairman
J.
firm
in¬
5.
Corp.—Still
1,296,100
requested
accumulated,
from
quarter of
621,557
Gulf Sulphur Co. Capital Stock—
95;087
___
168, p. 1902.—V.
Withdraw
Hudson Motor Car Co.—Extra Divs. in Cash and Stock
made
originally owned, 500,000 shares
-
investment
net
1903.
p.
_Mr. Marcy is also
.03
(
__
from
net profits.
d'stributions
of
dividends
meant
per
56,615
__
—
Interest
V.
2,435
Deductions
is
24
June
Statler
.its
elected
$202,047
Years Ended Dec. 31—
Total
dividend"
"Extra"
come.
undistributed
ACCOUNT
INCOME
"regular
of
.09
__
.03
___
Hotels
.03
.06
Utilities
1948, the balance of undistributed net income was $56,419
Dec. 31,
168,
Corp.—To
Jan.
last
yWilli&m L. Marcy,
man
'
At
1948.—V.
.
.08
__
.08
_
therein
.03
__
.09
_
and
in
on
cumulative
.10
—
.08
_____
Tobacco
1947.
__
.10
Railroad
net
in¬
1946.
at present
accurately reflect the condition and
status of the corporation, and the
corporation does not at
present intend to issue such shares of its second preferred stock
—V. 168, p. 2385.
.09
.08
__
-
in
$41,460,883
financial
.10
.09
'
—
filed
of
tained
.09
.03
and
1948, $153,755; 1947, $125,406;
8,706 shares preferred and 77,916
1947 and 8,706 shares preferred and
proposed an offering of 59,579
stock.
The request states: "In
view of the length of time that has
elapsed since the filing of said
registration statement, the information and financial statements con¬
.12
v
1
.09
.03
I
bond
Railroad
appreciation of investments at Dec. 31,
1148,
based on1 market value as per investment list, was $442,599, or $176,202
less than the unrealized net appreciation of investments
at Dec. 31,
unrealized
The
...
priced
>
.10
.09
;
Petroleum
shares
statement
.10
__
bond
1946
corporation
shares
;
.10
.01
.12
Merchandising
Mining
purchased and retired during the year 814
$6 dividend preferred slock at a total cost of $81,622.
The
.14
.10
company
in
common
1947
by
.
;■ .07
.09
Low
corporation
J_
Fully administered
was paid on the loan
during 1948 (in quarterly instalments
$50,000 each i, leaving the unpaid principal of the loan $1,400,000 at
31,
—
Industrial
Investing
shares
in
on dainis:
Chemical
Statement—
.07
General bond
machinery
liability
Heyden
.12
—
.07
$44,829,780
§ Represented
c9mmon
66,547
.09
__
.14
Food
$200,000
The
shares
.07
.12
1948,
estimated
$136,018.
.09
—
.07
of
Dec.
1946.
Total
.
—
.07
.
1
Chemical
total of
loan, a
Extra
.09
Institutional
oank
Regular
.09
Building
net income t in¬
is distributed to stock¬
the
of
conditions
'
"
in
cluding
1949:
Automobile
taxable
its
net capital gains) in any year which
as
taxable dividends during such year.
cluding
850,000
,
the following dividends, on the
payable Feb. 28 to shareholder^ Of
Agricultural
Electrical
Monday, January 31, 1949
declared
26
this corporation,
•
per
share, the remaining assets were equal to $2.55 per share of common
stock on Dec. 31, 1948.
At Dec. 31, 1947, the asset value for the
cbmmon stock was $2.73 per share.
In computing these asset values,
no provision has been made for Federal income taxes on the unrealized
net appreciation of investments as the corporation has elected to be a
regulated investment company under the provisions oi the Internal
Revenue Code.
As such the corporation will be relieved of paying
Federal
Jan.
on
of
classes
various
CHRONICLE
Quarter Dividends—
Group Securities, Inc.—First
Corp.—Annual Report—
The total net assets at market value on Dec. 31, 1948, was $.4,236,108.
Alter deducting the bank loan outstanding in the amount of $1,400,000,
the balance of assets Was equal to $272.60 per share of preferred
stock.
FINANCIAL
&
COMMERCIAL
THE
(498)
•;
1,000
1,000
1,000
1,000
Volume
169
Number
4773
Jersey Central Power &
THE
Light Co.—Bonds Offered—
102.45 and
issue
The
submitted
101.944;
awarded
was
for
the
The
interest to yield 3%
accrued
Jan.
bonds
First
Boston
24
on
3'/aS
as
Corp.,
bid
a
Other
Securities
able
PURPOSE—The
.
of. the
cost
struction
of,
funds
in
i
be
will
by the
applied
reimbursement
of
or
the
and
betterment of existing facilities.
Jan. 14, 1949, General Public Utilities
'
On
made
stock ^equity
common
bursement
of
the
Y'"',
mortgage bonds:
-27/b% series due March
3'/ts%
10-yr.
series
4%.
due
notes,
ser.
Cumulative
Dec.
stock
EFFECT
Birmingham.
V
Authorized
"Mortgage is
restrict ons
only
in
of
for
$10
w.th
authority
per
share,
the
HISTORY
to
or
stock
mortgage
AND
U.
of
the
of
value
par
New
etc.
income
"Special
Net
to
incorporated
in
companies
eastern
to
a
seaboard
number
of
of
27,600,005
to April 30,
the properties of
systems.
other
seven
Included
viding electric
properties
located
were
principally upon
the
$3,754,471
$4,550,132
129,181
$4,163,157
204,118
such
among
acquisitions
properties
were
$3,958,589
$4,679,313
1,556,284
*2,100,975
1,828,025
erties
of
of other comnan:es.
Since April 30. 1931, the comacquired any substantial physical properties of any other
companies but has expanded and consolidated its
operations by the
construction of additional facilities and
by extensive rehabilitation of
properties previously acquired from others.
the
the
893;
12
months
electric and
ended
gas
CONSTRUCTION
PROGRAM—Estimates
four
gas
It
is
estimates
1948.
department,
with
7.864,700
be
first
sufficient
seven
to
as
ccnstruct
sary
Borrowings
securities.
its
th»
of
expended
$689,572
in
.
of
of
thp
1978
$1,000,000
accruals
and
construction
bonds
ser es
received
1P48
approximately
distribution
meters,
through
$10 004,000
1951
for
for
bv
Plant
services,
improvements
the
transformers,
and
S.
name
of
each
of
principal
hood*
t0
$2,000,000;
be
&
facili-
extensions,
Co.,
it
Period End. Dec. 31—
revenues
Other
ry.
tax
1948,
Dec.
21,
market
item
22,168,156
Jt.
fac.
Net
-V.
rents,
ry.
169,
net
valued
$841,271
Owned
div.
operations
at
175,018
2,675
145,503
Net
income
Dividends
539,194
775,285
li_!
1..
paid
$807,014
$1,039,789
550,500
.
$3,753,000.
sented
20
to
North
is
inviting
series
The
The
B,
bids
due
for
1,
office
2158,
of
of
All
has
company
of
at
31,
The
1948
shares
public
second
Middle
Chicago,
Amerada
of
West
The
(at
received
permission
competitive bidding.
ENDED
DEC.
1947
the offering
are
proposes to use the proceeds
of loans.—V. 159, p. 206.
for
to
be
filed
construction
the
SEC
2,147,657
to
sell
.
amendment.
to
U.
pay
■
SEC—To
offer
issue
rights,
represented
by
held
It
is
the
on
record
expected that
date,
the
at
price
a
warrants
will
be
to
ad¬
be
&
and' Newmont
Co.
Mining Corp. have agreed, sub¬
purchase any portion of the new stock
stockholders, but they have each in¬
to
the
by
1,1
of
the
offering is to
provide funds with
which Magma
San Manuel Copper
underground development
in Arizona which the nianagement of Magma regards
orebody.
This program is
designed to provide detailed
the
mining and metallurgical characteristics of the
its
investment
has
property
new
on
in
begun
its
a
subsidiary,
of
program
The total
cost'of
program,
dividend
24,
of
25
cents
share
per
the
on
stock
common
1949, payable March 15 to holders
of
declared
was
record Feb.
9, 1949. The
participate in this
dividend but will
participate In subsequent dividends.—V. 168, p. 2227.
shares
Magnavox
John
proposed
to
be
issued
will
not
Co.—New
Treasurer
Elected—
:
S.
Sturgeon has been elected Treasurer.
He had
Comptroller for the company since joining the
organization in 1940.—V. 168, p. 2687.
served
previously
as
Maine Central
The
the
ICC
plan
the
has
Magnavox
dividends
This
The
from
in
now
would
public
a
to
company
stock.
preferred
RR.—Hearing March 1—
called
the
of
preferred
V.
$100
to
The
changed
increase
in
based
New
the
on
on
make
is
$5
$185
of
value
par
to
rate
York
$3,000,000
the
order
dividend
present
in
1
outstanding
to
share
per
4%.
to
Marcl}
its
proposes
$185
arrears.
be
hearing for
reorganize
company
of
for
up
annually.
valuation.—
169,. p. 7.
The
$32,283
43,987
1,446,848
$2,420,622
$2,133,434
123,659
the
net
140,088
6,500
the
on
the
hands
per
23,097
'
share
6,500
4,800
21,511
21,345
the
Bureau
income.
$2,632,256
$2,105,585
the
of
bank
profit
was
in
investments
on
$1,886,622,
as
for
compared
the
six
with
months
$1,399,181
ended
for
the
with
Bad
the
Reserve
credit,
that
per
outstanding
Authorities
resulted
in
the
shows
in
an
Marine
in
$1,082,425
Debts"
their
State
to
was
1947
of
a
year
adopted
tax
New
returns
York
and
reserves
restricting
upward
Midland
increase
an
in
and
not
are
■■■"'
trend
banks
the
in
the
actioii
supply and
rates."
money
total of
'
credit
loans
use
It
and
which
together with firmer rates, has
Also to be noted are a moderate
produced higher interest earnings.
in deposits, a decrease in holdings
$1,324,328
1947.
and
for
96c
operating income.
Federal
discloses
32,608
$1,837,797
for
transferred
were
to
This compares with 99c
Federal income and state
1948.
computing
Revenue
reductions
stock
consoli¬
affiliates
report states that a strong demand for capital and
persisted through most of the year and this, together with the
62,500
36,700
net
Corp.
Accounting for
in
reflects
its
equivalent
compared
as
25
and
The
of
46,919
in
of
corporation
Internal
of
resulting tax
31,
Provision
$1,619,469
Method
the
Jan.
$5,364,145,
Midland
Dec.
on
1947.
issued
corporation
of
Marine
public
was
to
reflected
and
41,661
taxes
banks of
the
of
1948,
of
year
"Reserve
the
all
exps.
the
the
by
20,560
31,
shares
of
stockholders
to
income
Dec.
for
The
ago.
report
operating
ended
year
share
$1,610,033
128,939
annual
dated
63,818
6,200
SHEET
in
AS
S.
decline
of
securities
and
eon-
a
% tinued rise in operating costs.
Dividends received by the parent
company from its constituent banks
and trust companies amounted to
$2,557,860, and the parent company
declared dividends during 1948 amounting to $2,242,788 or 40c
per
•share.
banks,
>
-
the
OF
$4,447,559;
receivable
Treasury
stock
300
Gross
CLOSE
(at
and
average
interest
cost),
for
accrued,
$17,753,047;
1948
securities
$479,118;
other
reserve
U.
securities
($1
shares
par
held
in
value),
accrued
$1,947,077;
treasury
(at
taxes, $135,070;
surplus, $80,712,982;
capital
cost), Dr$9,799;
net realized
profit
and
special dividends paid (Drt, $20,630,351; undistrib¬
ordinary income, $6,204,565; total, $71,390,225.—V. 168, p. 1583.
company
discovery
of
Story
producer
on
1
flowing
located
company.
Jan.
with
1949,
No.
well
at
on
21
the
its
second
of
oil
completion
of
field
the
block
of
of
45
barrels
over
'5,009
per
hour.
acres
under
This
was
income
an
$25,931,031,
before
increase
an
and
taxes
of
$1,861,368
provision
for
bad
of $664,385 over last year.
after deducting dividends paid
increase
capital
and
and
in
the
on
Dec.
Government
S.
affiliate
decreased
The
average
and
one
.Other
U.
S.
and
While
and
and
creased
reserve
discovery
upward
on
Dec.
31,
1948,
call
other
discounts
three
dates
from
securities
market
increased
com¬
•,.,-/ Y
s
by the corporation, its banks and
years
and
carried
year.
six
eleven
$36,844,007
are
the
years
months.
to '$43,010,726.
at
cost
or
lower,
values.
from
increased
not
was
a
public
;
owned
Increased
below
discounts
loans
increases
to
owned
the- aggregate
and
the
1947.
$514,663,296 to $464,121,899 during
of U. S. Government securities was
maturity
Government
in
31,
securities
from
month,
securities
Midland
share on
hands of
per
outstanding
U.
This reflects the net change
profits accounts of the banks,
Corp. itself.
The book value
is
the shares of Marine Midland Corp.
Marine
pared with $13.80
Loans
important
the
to
equivalent to $14.21
stock
and
announcement
addition
affiliate,
an
Discovery—
$280,826,730 to
during the year,
as
great as in 1947.
requirements have played
Credit
$293,041,817.
the rate of
restrictions and in¬
trend.
inn southeast Columbia County, Arkansas, for
the 'Rate
a
revealed
Y
income
Operating
$8,777,859,
surplus
accrued
was
$2,258,815 for the year.
in
the capital,
surplus and undivided
and
expenses
ivas
Net
S.
Jan.
7,
1949,
$584,033;
payable
purchased,
$2,250,946;
payable for
$15,703; notes payable for securities pur¬
for
debts
sold,
operating
1947.
over
payable,
Lion Oil Co.—New Oil Field
is
receivable
31,
Certificates
purchased,
investments
well
BUSINESS, DEC.
cost), $47,427,026; miscellaneous investments and advances,
estate
investment, $1; total, $71,390,225.
$180,000;
uted net
a.m
OF
real
securities
pre¬
Company
off $1,500,000
•
Vice-
Marine Midland Corp.—Earnings
Slightly Lower—
41,113
,__
LIABILITIES—Dividend
other
Lion
and
appointed
2433.
p.
with
to
proposes
'
major
A
1945
91,405
$2,954,472
dividends
'
by
its
31
1946
81,836
employees
plan
1948
period
The
from
offer.
conditions,
purpose
additional
had
121,475
I
realized
average
for
divi¬
Co.,
been
on
San Manuel
a
Jan.
Petroleum
1,977,266
21,312
taxes
net
31,
less
11:30
have
which,' may take about three years to complete, is esti¬
approximately $5,000,000, of which about $1,600,000 had been
spent at Dec. 31, 1948, mostly for
equipment.
*
The
367,330
securs._
ordinary
chased,
Service
to
tne
warrants, to its stockholders to purchase the
on
the basis of one new share of such
be unsubscribed
increase
of
category of holdings
a
market value
which
MONTHS
2,347,822
_______
Government obligations
$10,000,000-first
prior
for
379.
p.
dicated that if any shares are
acquired by them pursuant to the agreethey have no present intention of making any public offering
as
value
$21,402,940.
of
largest
utilities,
1948
ASSETS—Cash
Kayser-
be
1949,
22,
kwh.
shares
shares
two
Freres
information
10,612
^
bids-shall
Jan.
169,
.
for Bids—
purchase
1979.
the:1 company
certain
-
may
Corp.
33,396
on
the
Jan.
the company
at the
Wacker
Drive, Room
terms
Dec.
41,700
STATEMENT 6
franchise
BALANCE
(CST), Jan. 31.
$10,000,000 bonds
Asset
12,562
$563,689
nor
Yunich
L.
Co.—Registers
204,000
trading
thereof.
of Dec. 31,
with $50.22
12,626
capital
Kentucky Utilities Co.—Invitation
bonds,
of
expenses
$1,241,819;
received
company
at
is
fees
to
for
same
555,000
surplus
$256,514
$485,164
figures do not include the earnings
of,
from,
Julius
Kayser
(Aus.)
Pty.,
Ltd., or
Bondor, Ltd., of England.—V. 168, p. 2226.
Thfc
corpCration, as
share, as compared
previous fiscal year.
18,802
Dec.
$1,118,689
554,625
.
ended
42,648,000
-ment,
•
of the
136.417
$41,655;
NOTE—The above
mortgage
the
34,857
1,048,760
Balance, to earned
dends
of
36,208
104,611
taxesJ
Can.
David
subscription
every
Lazard
that
with
35,125
1,158
-
with
decrease of 13.7%.—V.
a
New
Copper
prior to the
ject to
Dec.
compared
as
62,500
Y-
142,067
199,364
and
Y
months
"Registration, transfer, custody of securities, insurance, legal, audit¬
ing, reports, etc.
$2,273,218
Depreciation
Federal
$3,463,021,
of
62,500
Frov.
$2,131,151
$1,963,252
year,
week
the
compared
as
the New York Stock Exchange, and that they will
'expire three weeks after they are issued.
'
-v-
dur'ng
report as
the
six
62,500
Net
$1,551,079
_______
for
mitted to
the
Manage, compensation..
1946
5,507
income.
(Ky.)—Weekly Output--
for
company
and
Macy's-
the
mortgages
110,884
,
for
stock
portfolio
stocks
in
retirement
$7,629,755
$1,788,234
$1,440,196
;
of
-fixed
of
holdings
income"
Contrib.
54,321
1947
-
this
kwh.,
Macy & Co., Inc.—New Vice-Presidents—
of
franchise
.
Prov.
of
income
Subsidiary Companies)
1948
of
$46.31.
was
the
dividends
Taxable
1,880,655
$10,286,336
$2,485,500
output
determine,
stock
169,
"Registration, etc.,
$932,821
120,315
$3,555,607
Holmquist
whole
on
fill
purchases
in
26,881
$9,564,731
—
gross
sales,
$66,861
$941,252 $12,078,551
income
Total
sold
purchased
27,517
Total
Six Months Ended Dec. 31—
Interest
greatly outweighed
corporation's fiscal year, the
Salaries
'
201,012
$277,006
mated at
$72,206
2 815 000
77,169
11,166
$263,063
36,818,000
transferable
Report—
32,671
2,173,770
(Including Wholly
so
the
$85,174
5,260,000
8,169
16.075
income
The company (Jan. 25") filed with tlxe SEC a registration statement
covering an additional 204,000 shares of its common stock.' When the
registration statement becomes effective and the board of directors
'
L_
2,046,000
6.582
76,702
DrI
I.
may
directors'-to
oblig.
300,000
1,715,046
Dr)_
(net
'
re¬
$1,495,022 $19,384,551 $14,553,501
91,812
$3,699,010
1,093,195
204,000 shares to stockholders.
cash
T., Eastwick.—V.
Govt,
Cash
(Julius) Kayser & Co. (&
Subs.)—Earnings—
Other
of
A.
bonds
miscell.
from
of
securities
earned—
Miscell.
income
boai'd
July
S.
254.770
debit
the
U.
360,000
109.
Gross
last
Other
232,000
income
oper.
p.
of
death
1948, 71.5%
in
common
Other
181,996
$5,126,777
1,370,157
2687.
p.
Magma
$588,-
and
valuation
On
20,614,'669
$1,121,400
$396,671
108,499
$12,033,860.
Directors'
Railway oper. income
Equip, rents, net debit
accounts
(after
On
1,709,069
$1,713,400
member
capital
value
in
1948—12 MPs.—1947
1,914,346
accruals.
a
the
the
of
is
$35,168 170
expenses
Net rev. from
ry. oper.
Federal income taxes—
$355,840
net
30,
of
Interest
$41,552,707
1,007,095
income
Kompaniet, Stockholm, Sweden.
Mr. Yunich joined Macy's in 1940.—V. 168,
company's net assets of $90,834,385 was invested in common
stocks, with preferred stocks 3.4%, bonds
1 5%
and miscellaneous investments and advances
2.1%, the remaining
21.5% being represented by net cash items and
governments.
The
company's largest investment is in the oil industry with a
$1,500,000.—
$3,205,091
1,700,200
977,313
,
contingencies, $1,500,000; capital stock (par
capital
surplus,
$8,026,970;
earned
surplus,
securities
of
as
$3,627,746
$6,406,305
2,406,899
92,927
Mr.
$7,123,864. Net cash, receivables and
obligations meanwhile increased from $14,738,659,
assets, to $19,553,045, or 21.5% of net assets.
Lehman, President; reported to stockholders that the net
Sept.
Corp.,
the
are
of
from
of
largest
Ry—Earnings—
1948—Month—1947
inventories
the
by
portfolio
value
total
propertv
and
bv
$8,510,989
180,000
.C.
contra),
per
doubtful
for
reserves
$2,370,787;
was approximately -$46.57
per
June 30,
1948, the end of the
on
•
underwriter
'$669,598
154,979
York, it was announced cn Jan. 2G, by
Straus, PResident.
'
Holmquist, who Joined the Macy organization in 1946, was
formerly Vice-President and
General
Manager
of
A.
B.
Nordiska
Jack
Government
asset
on
"
norchased
Shields
168,
Goran
issued out of treasury stock,
for Federal income taxes,
(after
1948,
electric
,
elected
half
Robert
•
,
1948—12 Mcs.—1947
$1,561,106 $20,542,282 $16,28G,94p
891,508
12,031,293
9,880,644
107,867
oper.
Presidents
general
INCOME
oper.
of
$1,500,000;
of
15%
or
generating
other
ry.
(R. H.)
.
'
first
U.
through
line
and
for
caused
proceeds
earnings
the
steam
substation and transmission
Kansas City Southern
Railway
$5.00
1948,' reveals.
Cost of securities
period, other than governments, was
plus funds
reta!ned
requirements
206.
oper.
241,509
$8.91
31,
,
Although no determination has been
obta'ning the additional funds needed for
thereafter, it. is likely that it will be Tieces-
Co.,
Rai way
241,509
$9.47
(less
was
Sales
of
expenditures for
includes
PURCHASERS—The
p.
been
department and
contribution
expansion, $4,014,700 for
^ 155,800
169,
had
As
$3,807,800 for
equipment.
253,584
$7.87
Lehman Corp.—Semi-Annual
1949.
respective princinal amount
follows: White, Weld &
V.
there
1T48
110.,
p.
orebody preliminary to equipping it for production.
to obtain
part or all of such funds through bank
issuance of additional
bonds, preferred stock or other
for
and
car"
of
rements
or the
department
and
electric
General Pub'ic Util'ties Corp..
parent,
method
reou
The estimate of
^
year
the
can'tol
to take
advisable
or
plant
the
;n
26
vjv-ancy
7,099,800
a total of $4,486,050.
the proceeds of tv sale
cash
months
the
on
253,584
p. 378.
5 040,300
630,000
prov!ded Ntroup'h depreciat'on
!!
will
the
made
2,3^3,000
169,
603,773
taxes
$5),
Jan.
$5,832,700
*
$618,686
(net
rents
,
«Total
no
..
taxes__
oper.
rents
The
or
that
the
company from
•it
Department
$803,400
for
$3,796,478
estimated
together
905,659
(James) Lees & Sons Co.—New Director—
Joseph H. McFarland, Vice-President in cftarge of carpet
6,469,800
above
31,
11,207,527
$7,945,120; less reacquired caoital
stock, 46,416 shares, at cost, Dr$795,~
460; total, $20,783,108.—V.
168, p. 46.
Gas
,
gas
with
,.
accruals
tax
ry.
Electric
follows;
as
1.098.800
_________
Oct.
the
are
2 717.300
the
887,544
advance
appropriation
new
6.755,900
1950
the
1951,
for
$5,029,300
_
1949
to
'
D^nrrtur'nt
1948
expenditures
ending Dec. 31,
years
Year
of
1,155,228
ry. oper.
corresponding week last
$1,206,59*4
share____
taxes
\alue
oil
•%.
v,
1948—Month—1947
expenses.
from
income
totaled
deposits, $67,051), $1,256,269; accrued expenses ana
payable, $992,776; provision for Federal and State
$1,265,967 U. S. Treasury savings notes, series "C,"
and accrued
interest), $58,800; reserves for workmen's compensation
insurance, $187,857; miscellaneous reserves for claims,
etc., $110,777;
Oct.
Electric
Of
$2,153,338
CONSOLIDATED BALANCE SHEET AS OF OCT. 31, 1948
income
31, 1948, the gross operating revenues
departments were as foilows: Electric, $16,525,-
construction during the
1951
$2,402,305
12,075 shaies,
value of $40 per share.
withholding
$4,881,853; total, $21,407,74G.
gas,
$1,996,741
_________
per
customers'
company is engaged principally in the
production, transmission,
distribution and sale of
electricity and in the production, distribution
and sale of manufactured
gas, all with'n the State of New Jersey.
For
Y
LIABILITIES—Accounts' payable (including acceptances, $53,663, and
The
of
_
1,226,973
______
of
$450,000)', $7,751,456; prepaid expenses, $77,594; investments
(including capital stock of Copolymer Corp. carried at cost of $78,038),
$79,444; property, plant and equipment
(after reserves for depreciation
and amortization of
$5,947,489), $4,636,326; total, $20,783,108.
not
the company.-—V.
Louisville Gas & Electric Co.
V
serve
number
a
pany has
425,000
533; accounts receivable
discounts
of
$245,2021,
of
•'•
gravity
new
oper.
fac.
V.
$4,262,492
1,307,657
applipd against provision
pro¬
and
gas service in the north central part of the State.
April 30, 1931, the company purchased the
property and assets
of Eastern New
Jersey Power Co. which operated along the eastern
seaboard of New
Jersey, and which had previously acquired the propAs
Jt.
ASSETS—Cash in banks and on.
hand, $5,278,958; U. S. Treasury
savings notes, series "C," at cost, and accrued interest (less
$1,265,967
corporations and six municipal electric or
the
44
99,335
$3,304,399
_______
assigned
-
clean
Y.
•
$1,773,914
Railway
24,202,165
New
Jersey ana which were, in turn, successors
corporations.
Subsequent to these mergers and
1931, the company acquired by merger or otherwise
flowing pressure
a
approximately 1,000 cubic feet of
flowing
state
stock,-consisting
at
choke
is
revenues.
rev.
Other
$28,365,322
reserve
income
other
prior
gas
whose
at
pounds
Is
.
of
flowed
600
quartcr-inch
a
hour with
per
formation
test
well
oper.
Federal
1945
"Spec'al amortization of certified
emergency facilities claimed under
-acceleration provisions of tax laws,
tlncluding $483,000 representing
5% in
New
March 27, 1925.
Upon or shortly after organization company
became the successor
by merger to 11 operating electric, gas, or electric
gas
Net
$32,150,137
amortization,,
Earnings
Jersey,
and
'«
31
33,443,412
paid
Shares capital
stlc., outstanding (par $5)____
of .810,537,700, by the transfer co its
from its capital surplus account.
was
OCT.
barrels
to
lime
with
ratio
The
..Period End. Dec. 31-t
Railway
Railway
126,544
!______
Dividends
to the
stock
common
■'
choke
Louisiana & Arkansas Ry. Co.—Earnings—
.
1946
of 30
30/64 Inch
a
pinched back
was
5,400-acre block leased by
a
168,
32,524,638
_
(net)
income
kContingent
$9,483,930
BUSINESS—Company
1947
rate
Gas-oil
oil.
on
discovery well, Mr. Martin pointed out,
.closely follows the wildcat strike by this company with its McLaughlin
Well in
Scurry County, Texas, which llowed at 154 barrels per hour
from the Pennsylvania formation on
initial test and was located on
Y;;
ENDED
well
the
at
of
Announcement
and
$3,177,855
_______
Prov. for Fed. and
income taxes
issued
SCompany has
Jersey and
its
of
YEARS
Lowed
barrel
water.
be
may
stock.
ACCOUNT,
The
pressure.
oper¬
Chicago
$24,000,000.—V.
around
was
company
in
one
barrels per hour
goods, •general
Total
shares
such
of
Commissioners
increase
1948
and
45
85o pounds.
per
Net
additional
of
of
-
certain conditions,
bonds,
tin-
imposes
issue
JAdditional
provisions
aggregate
an
account
but
the
1949.
and
Equip,
1,053,770 shs.
2,000,000 shs.
INCOME
Operating profit
Other
t5,040,000
____
upon
31,
the Board of P.
to
common
end
May
in
The
loans.
$35,702,493 $37,197,883
expenses,
$175,000 shs.
:__
open
area
'
sales
Cost
3,500,000
194S-1950
limitations
due
accordance
applied
SEC
an
and
$630,000
bank
to
volume
_______
eludes
retire
Cleveland
1948
f $34,500,000" ••
J
$100)
$1)
(par
Sales
-CONSOLIDATED
125,000 shs.
stock
used
the
of
.ilowihg
Lee Rubber & Tire Corp.—Annual
Report—
Y
Outstanding
series
SCommon
be
in
rate
a
i ;
2888.
P.
FINANCING
PRESENT
TO
•'_ "V-i/v1-;
1978
(par
will
plants
new discovery was completed
In the Smackover
approximately 8,430 feet and during the first hour
at
company
1976___—)
1,
1,
1.75%, due
pfd.
three
The
*
761.
Jan. 21.
the well of 200 barrels per
day and the name Pine Tree Field
given to this new producing area.
A well offsetting the discovery
10 the west will be drilled
immediately, he added,
well
proceeds, this company plans to use about $583,000 to aug¬
working capital'-and provide furids for modernization of facilities.
Net
First
York, at the office of the paying
Inc.
A similar payment was made six
was announced
remainder
ates
existing facilities.
GIVING
it
making the announcement, T. M. Martin, President, said that the
Gas Commission fixed a temporary production allow¬
was
New
Co.,
15
able for
of
the
~Cf
ment
.The
payments made for, the construction or imorovemeat,
to Oct. 31, 1948, of new facilities, and the betterment of
CAPITALIZATION
&
P.
In
Arkansas Oil and
debentures, due 1962,
2V2 %, will be pay¬
amount
Lamson & Sessions Co.—Private
Financing—Financing
for the
company, a leading manufacturer of
pf
subsequent
Stuart
and
Payment—
income
the
in
.
Corp. (parent) increased
by making a cash capital
contribution of $1,000,000 to the company. The cash so contributed has
been applied by the company in payment of the cost, of, or in reim¬
the
Chicago
ago.—V. .166,
cago,
for,
YY"C,"■)/''
s-
in
33
(499)
'
bolts, screws,
nuts, rivets and similar products, in the form of a $1,500,- J
promissory note, due Jan. 15, 1964, has been
arranged privately- through Clement, Curtis & Co., Chi¬
payment
in
company
payments
non-cumulative
No.
CHRONICLE
000 3%%
the con¬
improvement, subsequent to Oct. 31, 1948, of new facilities,
or
5%
coupon
Halsey,
'months
regular Redemption the bonds are subject to call at 105.45 during the
-12 months beginning Dec.
1, 1948, and'thereafter at prices ranging
downward -to 100 on or after Dec. 1, 1977. They are also. redeemable
under ' an
improvement and Sinking fund or maintenance fund at :
special prices ranging; from 102,47 to par during the same period. •:
-
FINANCIAL
Corp.,
Stuart & Co\ Inc., ''
101.53; Otis &-Co„ 101.43979; 'Salomon Bros. & Hutzler, 101.4149; Harriman Ripley &
Co.,-Inc.," 101.799; Kidder, Peabody & Co., 101.071;
Glore, Forgan & Co., 100.6239. Dated Dec.. 1, 1948; due Dec. 1, 1978. By
1
by
Feb/ 1
agent,
bids
the
on
represented
Halsey,
101.77;
Interest
V
to maturity.
101.986.
of
Equitable
were:
&
La Salle-Wacker Corp.—Interest
White, Weld & Co. and Shields & Co. offered publicly
Jan. 25, $3,500,000 of 3%% first mortgage bonds due 1978
at
COMMERCIAL
lease
to
the
Mortgages
of
1947.
On
owned
Dec.
were
31,
$65,878,763
1948
Personal
their
against
part
in
reducing
$80,450,888
and Consumer
at
Credit
the
this
end
loans had
16
increased 33 %•
The number of
1947.
over
lnter-group deposits were- down
$26,263,237
during
the
year
from $1,071,863,112", to $1,045,599,876.
U. S. Government deposits in the war loan account increased from
$5,466,171 to $14,136,854.
Time and thrift deposits decreased from
$301,058,417
$299,824,425, -and demand
decreased from $765,338,524
to
deposits
The
of
other than
$731,638,595—V.
deposits
Maryland
Theatre
168,
Chicago, 111.—
Office Building,
&
iron
'
—V.
163,
655.
p.
redemption
called„ for
been
•
,
.
1949,
1,
Feb.
on
stock
common
with
compared
as
$1.62,/2
during
operation
the
the past
During
has
higher
were
due
quarter of 1949.;
first
three
<
spent
'<
-
Net
of
sold______
Gross
profit
Admin.,
selling
Earnings
$13,040,265
$8,712,506
exps.
2,798,101
2,204,310
ooerations__
work
from
$10,242,164
$6,508,196
$4,761,392
157,904
335,568
Prov.
for
Net
from
2,768,480
$6,843,764
2,019,273
$4,824,491
$3,258,084
196,938
credits
Total
416,427\
209,774
$7,841,362
$5,240,918
$3,455,022
223,551
230,353
202,419
2,795,000
____
____.
charges
1,880,000
for
Federal
Provision
for
contingencies
income
injunction
an
to
surplus
J.
that
shares
of
$2,930,565
166.439
1,449,926
166,439
166,439
1,345,819
1,035,214
828.171
the
Mr.
"I
$5.61
is
ever
certificates
receivable
at
cost
(less
or
BALANCE
DEC.
SHEET,
31
4
rehabil!t<>t'on
monia plant, to
lease
rentals
of
631,758
for
532,278
36 459,548
22,801,399
15,715,089
260.075
;
_
225,295
•230,566
373,774
902,562
_
175,528
2,325,540
2,615,470
.
bnnks___
mtge. of
$11,000,000
_r_
for
Preferred
((Gommon
Free
'Provisions
for
the
$868,702
302,196
610.870
653.404
2.377i700
2..?r' 7.700
(no
par
15.552,757
value)
15.464.213
j
~~
11,914,125'
5.323,642
4,195,266
3.384.036
pfdZ stkZ
for retire, of
634,308
2,377,700
15,464.213 i
3,094,106
<*n"F>ciat, on.
ob'oles-ence
and
depletion
of
$30.-
sn?'
4!i5rln 1047 and $27"^147-134 in 1946. (RepreSS—V.169 p2071areS
1948 8nd 828'171 SharCS in 1947 and
Rtn
20
let'er
a
of
rWri rat ion
York—Filing—
filed
was
with
the
SEC
for
12 533
4W$6nir lesX^I *3>^ pLlrf
Co.
Pioceeds
f
i° be °ffprPd at markct ,but nofc ™re
p"r chnrP>- Underwriter. Eastman, Dillon &
M-
to se.ling stockholders.—V. 169,
p. 207.
go
Nation-Wide
Total
the
to
cost
° lRttPr
notification with the SEC
Z. T
common -fork. to he offered at market.
VRrck"::"P
p;u L"ke Citv- Proceeds will be
wJLprwrH^r rJ
1^£™
pay (Uture
this
permitted
Tjbe d'eerto^ pi-n fn nl'^ the
common stock on a $1 20 annual
^s en. Author .tbe ri-st dtvidend n, ?0 cents a '4re pav«We
Irli- n;°p0rd
a wholly-owned subsidiary, Minneaywdls-Moline
Co.,
ee
ir>p-
becomes
effective.
V
designed
,
to
on
f
ihe
j
preferred
?
•
stock
Thrr" ,s
b>' stockholders at
eliminate
«n4heD JlErf'ut0Th nnd, t0 Hear the
™
6,801
$683,510
950.615
$0.60
bv
the
under
amounts
of
arrearage
on
a
42.20%.
First
plant
e.s^entiallv
57.80%
primarily
months
Six
of
earlier
wav for P&yinK dividends
totaling $29.50
a
portfolio
the
Dee.
of
31,
last,
in
assets
23.09%;
railroad),;
2 90%
and
the
at
in
rash.
of 1948
p.
securities
in
2327.
in
the
of
in
"ever"ald
«
on
received
on
2 421
p.
p.
utives
16,202
the
fees,
i___
$454,740
The
to
Cross
tional
Prov,
War
for
Prov.
for
pxps._
;■■■•
New Haven
York,
of
$1.50
on
the
6%
cumula¬
194^ and has declared a dividend of $7.50
stock,^payable March 15, 1949.—V. 169, p. 380;
2688.
&
;;W'.
.
Hartford
RR.—Two Exec¬
Advanced—
McCarthy, Resident Vice-President in Boston, Mass., has
Vice-President in charge of traffic, succeeding Ernest
appointed
who
President.—V.
York
has
169,
been
p.
Steam
named
Vice-President
Assistant
and
to
/
112.
Corp.—Earnings—.;
3,955,438
484,581
*
A. ;
1948—12 Mos.^-1947
19^8—3 Mos—1947
$5,530,336
275,000
Taxes
$5,217,100 $'>0,707,890 $16,948,997
3,478,684
13,587,419
11.022,687
437.008
1,784.522
' 1.737,457
300.000
1,100.000
1,000,000
253,308
income____
1,966,780
484,4GC
$516,942.
$562,003.
-
1.818,682
$1,370,171
$2,209,169
i
income..
11,580
11,443
45,267
.51,556
income=.—_____
$573,589
$528,385
$2,314,436
deductions_^_:__
-292.494
290.147
$1,421,727
1,134.002
inc._
50,000
50,000
Non-operating
30,291
;
.
Income
^
'Appropriated- net
-Na¬
Fund—
State
Gross
33,317
Amer,
and
$231,095 '
Balance
4,255
"'4' 3,587%
4,182
1,153.060
•'250.00(>'
250,006
3,500
i:200
fran¬
Fed.
ect.
dividend
3,
the same
Maintenance
'
Red
Pres¬
salaries
other oper.
Contributions
a
Depreciation
$379,604
$426,243 "
V 39,757
White, 59,
58,
14,622
•
$447,056
46,406
Vice-President—
elected Lynne L.
succeeding the
April 1, 1949, to holders of record as
Nickel Plate paid a similar dividend on nre-
Operating expenses
4.052
12,165
insurance tax.
payable
Jan.
on
Nickerson,
C.
$360,930
4.796
26
road,
declared
also
1949.
Henry F.
1945
,
Jan.
McDonald.
J.
Operating revenues.
1.053
17,961
bonds—
Total income—
Directors -
V
Sales
3,408
in¬
of
'For
steam
(M
lbs.)
1 $188,238
4,106,036;'-
4,309,464
$911,3rT,
'
$37,725
16,247,615,. 15,047,912
acquisition of bonds or .of new property.-—V, 168, p. 1906.
./
: •
taxes—!
come
Niagara. Hudson Power Corp.—Hearing on Dissolution
(Net
income-—-^—-.;;' ,$404.079Z.-
From
.
«1
168,
H.
stock,
on
Operating
its out.
$JKith'ih«i?eW pommj,n stock roing on' a $1.20 a year basis, each
? nwCr,rrod See win V. 169»
a year in dividends
'®5<50. $1.50 and $1.20). stock also receive $$.20
379.
25,
New
$409,281
_
928,147
years.
stock
share
been
•
1946-
r47
$429,801
$434,358 ;
-
Dividends in securities
Int.
Div'dends
d"W«d
six
New
Annual Heport—
1^48
Cash dividends______:_.__
chise and otlmr taxes_
company.
elected
Period End. Dec. 31—
National Shares Corp.
on
the
director of
directors
Feb.
V.
which
;.V'.. t '
directors
10,212.642
8,178,013
16,316,966
15,353,838
1,086.293'-
President—McDonald
Elected
a
preferred
per
.1
new
past
The
tive
were
v..:':.-
.
also
the
high
while
preferred storks; 53.26% in common
The largest holdings of common
stocks
group,
498,224
1,227,241
late John W. Davin,
Vice-President.
Mr. White joined the Nickel
Plate and the Wheeling & Lake Erie
Ry. Co. in the newly created posit'on of Executive Vice-President on
Aug. 1, 1948.
Mr. McDonald had been Assistant to the President for
in
netroleum
1948—12 Mos.—1947
$8,589,794 $109,481,655 $92,520,841
436,000
9,085.8574,411.0G3
'
550,890
'4,911,153
5,517,467
671,857
income. .1,036,224
board of
and
and
and income protection comprised
percentages were 46.58 and 53.42,
end
amount,
1948—Month—1947
accruals
oper.
White
The
This
St JLouis RR.—Earnings-
$9,172,667
____—
tax
ry.
ry.
capital.
working
the amount of $600,000, is now
accounts receivable.—V. 168,
by
\\ZZZ'.;:
income
ident
8.37% of total
net assets wps invested; utility group, 6.49%, nonferrous metals groun,
fi.19%: retail trade group, 4.4%; ahd the steel group, 3.71%?.—V. 168,
Wiaieed
the
!
secured
loan,
revolving
a
income
ferred
corporations
$1,300,000,
equipment.
and
'Includes adjustment of railroad unemployment
under
appreciation -and
as
agreement
of
may
income.taxes-
S.
Net
diversified among
112
different corporate issues having an aggregate market value of
$10.383,405 and rer>re*enting some 21 different industries, the report
added.
Cash and U. S. Government securities amounted to 4.01%)
of
total net assets.
Tim corporation as of last December 31. had 21 45%
of
its total ret acsets invested
in bonds
(U. S. Government, public
share.
tbiZ nPr^Tr plsn' PRch fhRre of $6.50 preferred stock together
into
fh
^""^nlation in the parent 'company will be exS I
c«C fn"o,,'ir'P^ One $5.50-'cumulative" first preferred
^ck" one of common stock inconvertible second preferred stock and
• J1-50 cumulativeope share
capital
for
the
capital
for
an
loan
serial
2327.
Other
$12.75
of
into
20,
1949, to refund existing short-term bank loans In
amount.
The loan is secured by a mortgage on the com¬
Period End. Dec. 31—
U.
amounted on Dec. 31,
a
share on 867,585
Bullock,
380.
p.
Dec.
loan
Gross
borrow
investment fund
balanced
a
value
169,
announces
that it has entered
National Bank of Chicago for a
company
same
p.
respectively.
the
accumulation of unpaid dividends
asset
rates.
current operating expenses.—V.
fact,
carried
W'v.
to
increased
of
$173,997,
shown,
\
„
SEC
$4.26
S?33,600. $213,800, $1,324,800. $598,800 for
representing amounts collected in the
bond pending determination by State authori¬
shown,
company
by $200,000 for additional
together with existing bank credit in
•
made
comprised
investments
and
TZTif? wbich W,H hp vnteri
is
6,633,194
6,611,729
be converted, at the option oi the company, into a
loan, provided notice of the proposal to extend the
mortgage is given to the company's preferred stockholders and that
holders of a majority interest of these preferred shares shall not have
disapproved within 30 days thereafter. The company plans to include
such notice in its notice of the annual meeting to be held in April, 1949.
The First National Bank of Chicago and the
First National Bank
& Trust Co. of New Haven have increased their line of credit to the
Co., Inc.—Annual Report—
company,
net
a
Calendar Years—
Power Implement Co.—New Comwn Stock to Be Placed on a
$1 20 Annual Div. Basis.—
..oeci
V
J68, p. 1365.
periods
periods
five-year
property,
firm of Calvin
of the
outstanding.
Investments
W°S °b'E,"CIi ,0 "ES rCn""s on te"s<is
rentals
7,389.580
$4.59
the reasonableness
The
This
of
Securities
$11,068,834,
income
were
;Vn"
'
Sto
the
outstanding shares, according to the annual report of the corporation
for the year 1948.
At the end of the previous year total net assets
were $10,514,395, a net asset value of $13.23 a share on 794,854 shares
stocks
to
in
pany's
$500,000
banks on unsecured 2notes due June 30. 1949;;
to pay off a like amount of notes.—V. 169, p. 111.
assets of
net
management
1948
utility and
Mayflower Co.. Salt Lake City, Utah—Files—
*u£d
of
h*»s- been
company
The
Maxson Corp., New
7,147,755
1,555.701
$1.27
approximately
Vermont
to
The
Net
then
•On Jin.
of
as
payable
plant and equipment and
improvements to leased property
$263,239 and $169,760 for the three months ended Nov. 30,
of
depreciation
Proceeas will be used
410.870
870.575
1,983.259
$1.15
New York Chicago &
$48,959,645 $37,060,515 $28,890,376
<W. L.)
to
11.866,395
5.233,201
New Haven Clock & Watch Co.—New Bank Loan—
420,000
$959,312
950 615
$0.95
950.615
$1.17
1947 and. 1946, respectively.—V.
371,113
541.468
reserves."
$.100)
_ZZZ
(par
Total
hv
for
14,138.893
6,991,140
11.747,227
$173,562, $695,980, $G94,257 for the
representing
that portion of employees'
service pension accruals which
were charged to Miscellaneous Deduc¬
tions from Income in order to comply with the accounting requirements
of
the
Federal
Communications
Commission,
and
are
included in
"Other
income—net."
The
company
considers that these amounts
customers
;
surp.
4.916
558.000
.
$1,158,976
share—
amortization
119,168
3.445.129
1,461,870
1,944.626
respective
*
241,603
*
359.011
677,500
(est.)
shares outstanding
common
815,492
share
per
tExclude
1,474,097
opera Pn"
surplus
A,Pf>rop.
1116.831
2,327,623
contingencies:
stock
ties
28,575
4,638
'
6°3,477
.
profit—
per
13,323,403
73,849
3,709.164
1,922.439
deductions
respective
were,
15.039
Earnings
3,371,280
179,237
1946
1947
262.540
income
on
3,529,927
income
'Include
the
$26,649,879 $21,970,738 $14,590,510
23,842,347
20,089,499
13,238,596
expenses
from two commercial
1.541.149
256.530
stock
that
Proceeds will be
York.
Nassau & Suffolk Lighting Co.—Loan—
3,305,741
/(returnable)
Reserve
required
169. p. 379.
and
;
taxes
Common
$5,500,000
1,599,600
Miscellaneous
company
7,844
'
£
The
;ZZZZZZ~
etc.______Z
ratable
Accrued ;>taxe«, navroU,
GwRainers
charged
to
%
railroad
1948
sold———
amoit;> of plant
equipment
742,334
2,194,774
(net)
income—-
Earnings
$26,642,035 $21,966,100 $14,561,935
and
553,272
,2,098,962
income
taxes
Dividends
a
sales—
income
<g
<•
158,848,318 141,810,209
135,138,764 118,701,908
2,143,189
2,637,974
8,242,962
8.723,100
1,786,725
income
Net
letter of notification with the SEC
stock (par 10c), to be offered at $1 per
21 filed
Cost-cf products
ammonia
jdant
1948—12 Mos.—1947
$
38,091,170
31.782,782
operating income.
Interest
Murray Corp. of America—Earnings—
Total
a
1947
3 Mo
1948-
40,986,710
34,804,549
_
money
Aqwunts
the
to
3 Mos. End. Nov. 30—
amounted
$48,959,645 $37,060,515 $28,890,376
week
Telephone & Telegraph Co.—Earnings—
expenses.—
taxes on
Total
"unfounded."
duty
my
Jan.
below
follows:
299,000 shares of common
Underwriter, Mercer Hicks & Co., New
for, corporate purposes.
Net
.
—
Pwehase
Net
suit be vigorously ^defended."—V.
on
4%
of
below production of
year ago.—V. 169,-
10.67%
27,435,000 cu. ft., or
the corresponding
for
revenues
operating
tOther
383,158
products
charges
INABILITIES
Nates payable to
Other
used
buildings
Sonfcing fund
Total
Federal
using
from
kwh.,
week
said
share.
Federal
218~315
processes
Deferred
board,
Interest
1,125.684
for
expenses
that
me
Admin, and gen.
__ZZZ
650,771
of
the corresponding week a year ago.
is reported at 229,765,000 cu. ft.
for
21
-
'Operating
"(Operating
State
2,514,792
3,409,625
am-
;___
•iLapd, m'ncral deposits,
equipment, etc.
and
1,864,302
2,674,054
be deducted from
Investments
Development
to
company
Deprec.
lower_j__;___:
for
seemed
the unfounded
2,155,000;
3 919,515
decrease
a
Jan.
of
ft.
cu.
New England
with
which¬
the
for
Period End. Dec. 31-
that M. D. Goldberg of Chicago is behind this
more
than a year Goldberg has threatened to file a suit
unless he was elected a member of our board of directors.
$3,531,673
notes
&
is
16,285,840 kwh.
decrease
a
for State and
$10,800
a
1946
$3,297,665
is
market quotations at
on
380.
out¬
reselling
and
ba'ed
Gas & Electric Association—Output—
Jan. 21, this Association reports eleptric output
This
kwh.
output
257,200,000
p.
confident
very
Miscellaneous
1947
reservel__
market,
as
suit
the
quoted
is
the
of
termed
He
Morfa
For
Net
1948
Treasury
Advances
■*
^
830.502
$2 567,872
If. JB.
It
$2.25
COMPARATIVE
Invent,
This
out¬
stock__
com.
ASSETS—
Amounts
large blocks of its
face value
fair value.
owned
ended
week
15,635.069
Gas
in a statement Jan. 20
by the preferred stockholders would be "vigorously
filed
suit
am
suit.
828,171
$3.34
stock
i
on
■Casfc
'
$2,032,603
$4,822,811
stock__
com.
com.
standing
Earnings per share
into
entered
defendants
purchasing
on
production of
Mohawk Business Machines Corp., N. Y.—Files—
pfd,,stock__
on
on
the
1945
by
the
For
.
restraining all defendants
in defense of the suit.
issued
be
Chairman
Morfa,
defended."
'
200,000
;__-A_—___
dec'ared
declared
of
taxes
transferred
___r
Dividends
No.
income
year
Dividends
in
more
tax
property of the railroad
or
The
for
that
railroad
the
securities
$8,727,991, which was
than cost.
No deduction Las been made for Federal
this unrealized appreciation.—V. 168, p. 2544.
New England
1,220,000
____■
Provision
Mot
income
complaint
against me
Income
$883,434
Morfa Terms Action Unfounded—
$4,952,871
1,694,787
$7,631,588
operations.
that
funds
R.
operations-- $10,400,068
deprec., obsolesc. & deplet.
earnings
Income
from
NOTE—The value of
Dec. 31,
1948, after deducting an amount of
municipal taxes on unrealized appreciation, was
against
mortgage bonds
at prices below
the railroad at prices in excess ofr
,,
profits, Z)r$2,210,905; total, $8,226,620.
191,479
Earnings from other operations
earnings
Accounting—
1948
DEC. 31,
,
Payment—
RR.—Interest
SHEET,
in
LIABILITlES-^-Dividends payable Jan. 15, 1949, $54,000; reserve for
taxes, $9,500; capital stock
(no
par)
(outstanding, 360,000 shares),
$4,500,000; capital surplus, $5,025,291; surp us income, $848,735; less
profit and loss on securities sold and dividends paid from security
asks that the sales to the railroad between 1945 and
1947 be declared fraudulent and void, that an accounting be ordered
to determine what damage, if
any, were sustained by the road, and
$6,708,131
1,946,739
advertising
883,433
the year ended Dec. 31,
banks, $342,096; dividends receivable and interest
accrued, $39,966; securities owned (at cost), $7,844,557; furniture and
fixtures, $1; total, $8,226,620.
;
•
,
•
of "3,300
York
states
defraud
to
to
The
13,815,676
15,917,550
$1,546,451
—
Si
$24,630,056 $20,523,807
18,894,455
__________________
&
them
New
complaint
standing
1946
,
"
——
$663,018
379.
p.
holders
in
Court
The
YEARS
1947
$31,934,720
goods
Total
CALENDAR
1948
.
sales
Cost
FOR
ACCOUNT
10
of
group
scheme
INCOME
-
1948—
ASSETS—Cash
preferred shares has filed suit in
the railroad itself, Raymond J.'
Morfa, Board Chairman; Edward N. Claughton, a Florida stockholder,
and the Florida National Bank & Trust Co. of Miami for an accounting
of alleged damages aggregating $1,500,000 sustained by the road.
A
.
COMPARATIVE
1947
31,
of which
the payment of interest of
with
connection
Federal
Lake
at
31,
Dec.
Decrease during
of
for
Plant
169,
Preferred Holders Sue for
that over $29,000,000
note);
Dec.
At
$276,115
—_
in value
with cost
compared
as
At
2'/2% on Feb. 1, 1949,
adjustment mortgage 5%
gold bonds, series A, due 1967, on
surrender of the coupon due Oct. 1, 1941,
at the Chemical Bank &
Trust Co.,
New York, N. Y., the New York Stock Exchange directs
that the bonds be quoted ex-said interest on Feb.
1 1949; that the
bonds shall continue to
be dealt in "flat," and to be a delivery in
settlement of Exchange contracts made beginning Feb. l,
1949, must
carry the April 1, 1942, and subsequent coupons.
expansion, rehabilitation and purchase of the
Charles, La.
The Ammonia Plant was pur¬
chased
from
War Assets
Administration
for
a
price of $7,063,300.
Of
the
total
pmount
spent,
cornoration
resources
supplied all but
$12,600,000 which was secured through bank loans and a purchase
money
mortgage on the Ammonia Plant for. $1,600,000,
been
Ammonia
owned
(see balance sheet
v,
the
•
report notes
the
years,
V.
see
Missouri^-Kansas-Texas
In
operation
the
to
offering,
on
costs)
average
appreciation
unrealized
"
appointed trustee
series, due 1979.
Irving Trust Co., New York, N.. Y., has been
$7,500,000 of first mortgage bonds, 3Vb'/o
the
For
corporation, the
during the year of the
expanded facilities at Saltville, Va., and 50%
of the expansion at
take
Charles, La.,
also a full years production of ammonia. The
baiance of
the expanded
facilities at Lake Charles will be put into
Earnings
development
new
The
for
1947.
for
1
:
Mississippi Power & Light Co.—Trustee Appointed—
the
sales in the history of
released Jan. 26 stated that
report
•
.
offer the machine for lease to musical
expected to engage in recording m»»sic
%
' V
•;'.'
follows the announcement of two new tvpes
of
securities
of
to $357,021)_—
securities
BALANCE
the net earnings on
$31,934,720 of sales for the year were $4,822,812, or $5.61 per share
of common stock, after deduction for depreciation, Federal taxes and
dividends
on
preferred stock.
In
1947
sales were $24,630,056 and
pet
earnings of $2,930,565,
or
$3.34 per share
of common stock.
Dividends paid on common stcck lor 1948 were $1.75 per share of
annual
*
,
of
not
is
long playing disc records by Victor and Columbia, both
require different kinds of record players.—V. 169, p. 111.
1948—
for
Sales
largest
the
Reporting
1948
«
amounted
(2) Aggregate
.
to
and
of
.
Corp.—Record
Chemical
market.
plans
concerns
•
,
the
on
sales
.
This
.
Mathieson
the
on
company
r
from
basis
profit
after deducting $3,303 for State and municipal
taxes, carried to profit and loss on
securities sold.
/On a tax basis such profits
,
v
magnetized by
itself.
$60,050
of first mortgage fee and leasehold sinking: fund bonds dated July 1,
1636
at 100 and interest.
Payment will be s made at the American
National Bank & Trust Co., trustee, 33 No. LaSalle Street, Chicago, 111.
have
now
The
/
is
results ,of
' •'
tWithout giving effect to
•
•
- -
profits.
net
(computed
..
a
which
oxide
recording
Partial Redemption—
There
and security
transactions.
income
NOTES—(1) Realized
tape each 600 feet long
full ,hour playing, time. The tape is coated
electrical impulses of varying
intensity from the recording machine.
•
V .
The process is entirely electronic and Minnesota's engineers believe
its
new
tape record will be superior in sound fidelity to any disk
with
record
*
4
pet
,
.
piachine will produce 48 ree's of
new
hourly,; eacji reel with
1695.
p.
Mfg. Co.—New Machine—
Jan. 26 announced it has perfected a machine for
production of recorded music on plastic or paper tape.
on
company
mass
TiiCr
'/
war
to
the
1949
Monday, January 31,
CHRONICLE
%
security
year increased 22% over 1947:
Deposits in the banks, exclusive
loan
Minnesota Mining &
such loans made during the
FINANCIAL
&
COMMERCIAL
THE
(500)
From
declared:
.
profits-;-.
./
479.PR5
paid
out
to
Z3*
276,115
1 ?No
provision .-has" been; made
poration has elected to be t°xen
and has
'
\
surplus income.' ;
secur.
'<$385,164
$403,117
~
for
•
'
■■
$339,379
The
',859,720
1327.600
rFede^l: income tax as the cor-
announced
had, been
thbt the
scheduled
for
"dissolution plan'-'
hearing
on-
March
1,
filed by the
1949.
This
plan previously was announced'bv the company..
. ' :
j
The dissolution plan is. conditioned upon the prior consummation of
392,400
as a ."reguVUed investment company",
stockholders- during the year all of its- taxable
SEC Jan.;24
corporation
.
353.480' f
450.739
319,661
..
,
the pending
plair,for consolidation.-■■of. Niagara Hudson's three: principal
(Continued
on page
53)
:
"
"
COMMERCIAL
THE
Number 4773
169
Volume
&
FINANCIAL
CHRONICLE
(501)
17
Stock Record «» New York Stock Exchange
WEEKLY VOLUME OF TRADING
DAILY HANS OF
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
*
5
t per
63%
76
79%
'
Oct
Dec
I per
share
1 per
share
44% Jan
46% Jan
20
23% May
18
Jan
19% Jan
6
Adams
46%
Jan
35
Jan
37
Jan
7
Adams-Millis
41% July
28
Jan
30
Jan
26
Dec
55%
j
Jan
44%
Jun
Feb
Dec
27 Va
Dec i:
•
-
16% Jan
17
19% Jan
3
22% Jan
21
Air
13%
Dec
21% May
14% Jan
15
Jan
11
Nov
80%
65
Jan
66
* Jan
10
2% Jan
6
Jun
4% May
Dec
Oct
64% Jan
8% Jan
10
Allen
3
24
Allied
5
18% Jan
10
Allied
3
28% Jan
26
Allied Mills Co Inc
23%
Dec
34
May
23% Jan
3
100
Dec
109
May
100% Jan
11
90
Mai-
Jan
178% Jan
17% Jan
25% Jan
25
3
xl71
198
Mar
16%
Dec
25%
Dec
25
Feb
81
j
May
Jan
-
34% May
27% Jan
102
Jan
7
28% Jan
28
8
27
Jun
91
Jan
83% Jan
37% May
Mai-
Jan
•
90
Dec
42 % May
Jan
3
28% Jan
98
Jun
77% Jan
3
81% Jan
24
x25
Nov
31%
Oct
26% Jan
28% Jan
22
Dec
;
Oct
■!;
47
Jun
34 % Jan
3
Mar
6% Jan
3
52%
.
10
.
29"% July
.
60
3
24
64
62% Jan
xl0% Jan
43% May
Nov
111
Jun
10
% Dec
Dec
3;
Feb"
Oct'
76%
Nov
28%
Nov
74
,
;
3
6% Jun
>
81
Jun
173
7
6%
Jan
10
104
Jan
11
10% Jan
3
26
3% Jan
3
3
*
Jan
American
28
33% Jan
Jan
'77% Jan
-4
82
11
May
20% Jan
Jan
•
7
Jan
10
Aug
107% Jan
May
40% Jan
44% Jan
% 20% Jun
15% Jan
16
Jan
5%
51
Dec
14%
Dec
22%
Jun
15% Jan
17
Jan
8
81
Dec
94
Jun
79 % Jan
85% Jan
22
17
22
American
Jan
28
43 % May
35% Jan
36% Jan
21
7%
20
47% Jan
27
26% Jan
26
American
No par
40c
Jan
7
American
Ice
5%
Dec
8 % May
,5% Jan
6
6%
6%
24
Co
No par
com
100
preferred
Dec
92
Jan
75 % Jan
24
75 % Jan
Feb
15%
Jun
11% Jan
8
12% Jan
7
17
17% Jan
24
American
Investment Co of 111
18% Jan
20
American
Locomotive
Jan
20
16% Jan
19
Jun
26%
Jun
16% Jan
3
Jun
98
Jan
12
108
102
7%
72%
Dec
21% May
94% Jun
Dec
12% Jan
10% May
'76
3
4
•
35
July
28% Jan
28
Dec
98
Dec
96% Jan
4
Jan
.5% Jan
3
'.*
3.90%
7
30% Jan
4%%
22
American
x34
35
Dec
Jan
11%
Jun
3
8% Jan
20
95 % May
84
Jan
13
85% Jan
10
69%
12%
Nov
86% May
72% Jan
14
75
27
162%
Nov
6
Dec
American
3
Feb
16% May
12%
28
13% Jan
28
Jan
7
Jan
14% Jan '
173
Amer
38
Sep
46%
Feb"
139
Mar
31
Mar
125
Nov
Amer
7
7%
preferred
Safety
Jan
20
7% Jan
7
American
23% Jan
26% Jan
27
American
41
19
Jan
46
Apr
68
May
51% Jan
56% Jan
7
Jun
150% Jan
154% Jan
10
No
Amer Ship Building Co
No
Am Smelt & Refg common__No
'7% preferred
18
American
28
163%
Oct
35% May
140
Jan
38% Jan
34% Jan
130
Jan
36'% Jan
132
Jan
Jan
6%
21
Seating
Co
American
Steel
24%
Jan
10% Jan
12% Jan
American Stove Co
Feb
41
May
Jan
37% Jan
American Sugar
115%
6%
Dec
x33%
Nov
Dec
90
76% Mar
x34
131% July
123% Jan
11
20% May
17% Jan
4
7%
126% Jan
18
-
Jun
Jan
143
Jan
17
60
Jan
3
Mar
135
Jan
3
145
Jan
71 % July
59
% Jan 28
63
Jan
7
Jun
118
119% Jan
10
68%
144
120
Jan
3
6% Jan
150% Jan
5
66% Jan
27
7% Jan
Jan
38% Jan
Jun
90
Jan
90
Jan
Jan
80
Jan
5%
Am
7
76
4
8%
Apr
56% July
104
8%
Jun
Sumatra
Tobacco
common
preferred
par
7%
Works Co Inc
Woolen
25
—100
5
*17%
65
61%
*7%
<6%
45%
Jun
33% Jan
4
35% Jan
8
Anaconda
Wire
Cable
No par
34
25%
Oct
38%
Jan
7
Anchor Hock Glass Corp com
98
Sep
Dec
NOV
Jun
20% Jan
28
23% Jan"
Apr
10% Jan
28
10% Jan
3% Jan
20
4% Jan
5
3
30% Jan
28
6% May
34%
Jun
27
For footnotes see page 28.
Jan
preferred
•
36%
7
12
$4 preferred
Anderson, Clayton
<fe Co
Anderson-Prlchard
Oil
Andes
A
Corp
Copper Mining
P W Products Co Inc
Aroh^r-Daniels-Mldland
1,700
10
103 Va
103 Va
103 %
800
8%
8%
8%
8%
15,700
3%
3%
3%
3%
7,600,;
87%
A ,86%
86 Va;
5,300
103 Va,
103
*103%
79
31 Va
-
103%
*107%
42%
43
101 Va
31
31%
5%
18%
*17
15
15
2
1%
48 Va
48
t
7%
:
36
36
36 %
4%
49
26 %
7 Va
43 Va
*42
4%
*4%
49
*47%
26
26%
5% '
5%.
.
330
21,
•'
400
81
21 Va
20%
20%
*108 Va
108 Vv
108 Va
*108 Va
108%
20
,
1,800
42 %
43%
■J; 41%
42 Va
*40 Va
41;
1,200
16%
*15%
16%
*15% '16%
500
16%
<16%
17
*16%
85%
'
85'/a
*84
38
38%
:
100%
*30%
*5%
16
*15 Va
2
48%
*7
43%
100 Va
31%
30%
85%
38%
39
100%
100
85%
38%
100%
30%
5%
5%
17
16%
15 "A
49 Va
,
50%
•4%
52
*47'A
36
36%
4%
4
5%
*47'%
48
*68
12 Va
.a:':.\-I2
17%
17
*4%
49
5%
18
6,200
A
57
55
50
2,600
1,600
36%
1,700
7%
7
*36
4%
*4
*47
1,000
100
49
25%
26 Va
8,700
5%
5%
5%
1,100
76
12'/a
12
17 Va
*16%
17%
18%
18 Va
100
1,300
17%
400
17%
17%
4,300
101
♦100
100
100
12
*66
78
12
*16%
102
*100
.{
"K
26 Va
*68
■>
12
17%
18%
' !-
1,000
2,600
47%
5%
78
*11%
*16%
102 Va
5,100
2
'
17
18 Va
16%
15
i%
26
26%
*5%
12 Va
*100
4%
700
47%
26 %
*68
36'A
600
5%
49
47
*36
4
5'A
78
7%
46
26'A
26
53%
*7'A
<45
30%
,
14%
:ti
2
1,500
16%
15 ]A
1%
7 Va
45
-
16%
*15
52
7%
7%
44
5 Va
7,900
100%
*29'/a
5Va
16%
15'A
•V 2
2
2
99%
30
5%
16%
15%
79
38%
400
70
85%
*84
100%
30
5%
Vt
16% -'16%
16%
85%
37%
36%
*36
75 Va
18%
-
81
*15%
16%
102%
21%
103
81'A
2,100
30
81%
r
.
<
176%
30%
176
30%
*
12 Va
18 Va
21
21%
86 %
87%
177
,
30%
16
75 Va
•100
82
176
103 Va'
43%
5%
76
12%
18%
*81
108
<
31%
<
16
*16%
85%
3 9'A
101
19
15%
2
'47%
vH
17
85%
38%
,
176%
31
V
42%
16%
*16%
7%
43%
21 Va
108
108
*16,
80
87
175%
31 Va
80
7
22
22
>
176 Va
175
32
79
:
87% -89
89%
177
32
Monday
Jan. 24
.
9 per share
13%
*79
6%
29%
•
lo
20
22 %
*10
5
4
-
28%
73%
25%
41
7
33%
54
55
150% 152
*35%
131%
27
22%
12 %
36
13jl%
27%
22%
12 %
Jan. 25
100
13
13 %
79
79
Jan. £7
f per share
13% } 13%
79
6%
*6%
29%
29%
29%
*99
*6%
33
101
*6%
32%
33
*85
73%
74%
74%
75
13%
14
74%
13%
14
13%
14
173
*171
6'A
6%
57
57
34%
34 %
34%
34%
7%
7%
25 Va
25%
40
54
151%
35%
*40
40
22%
11
4
~
-y,
86;
13%
1,100
75
13%
171
,
4,700
15,300
20
171
*131%
35%
132
7%
7 Va
1,800
26%
26%
2,900
40
*39'A
230
40
53%
53 Va
53%
5,300
153%
53%
153
36 Va
*35
35 'A
7%
153%
153 %
400
35%
35
134
400
35
*132
120
132
132
26%
27%
27
27%
27
27
26%
27
3,700
22%
22%
22%
23
22%
22%
23
23
132
12
132
*11%
12
12
12
35%
147%
64%
147%
147%
147%
143%
62%
60%
61%
119
118%
118%
*118%
119 %
145
.
*118%
90 Va
*90
79%
*76
V
•
6
119'A
119
7%
7%
36%
7%
36
6
8,200
66%
7%
*77%
12,600
143%
37 Va
*90
147%
59%
7%
6V»
800
147 Va
65%
36 %
92%
300
17%
*143 Va
7%
79%
1,300
17%
60%
37%
6%
35
130
11%
66'A
7%
*77%
35
*126
143%
36%
*90
147%
11%
1,700
1,100
60
65%
143 %
61%
18
.
143
66
143%
12
35%
130
*17%
147%
65
65
*125
18
18
17%.
35%
91
v:
6
79%
90
*76Va
6
5%
56
390
60
5,800
20
119
7%
2,500
36
4,500
200
90
79%
6
\
2,600
57%
56
*54%
56%
100
33%
34 Va
33%
34%
33%
33 %
33%
33%
12,000
33%
34
33%
33%
34
34
33%
33%
1,100
26%
1,300
*56%
26%
26
27%
*102
104 Va
*4
4 Va
4%
.29%
29
29 Va
29%
-28%
-A
74%
26%
39%
54%
152 Va
152
*102% 104%
*54%
55
22 Va
22'A
*10
11
*4
4Va
27%
173
7%
26
40%
53%
54
151%
63
57%
34%
'34%
27%
'
'
7%
25'A
145
92%
80
6%
8
*171
7%
25%
17%
*90
13,300
8
85 Va
73 %
17%
7%
37%
8 Va
8 Va
85 Va
35%
*118%
500
8%
125%
65 %
300
32%
85%
35%
62%
61%
6%
23%
*32%
6%
32%
8%
173
40
102
*99
6%
85 %
125 %
148
1,400
8%
35%
65
400
28 Va
84%
*171
120
6%
8%
'
3,800
6%
84%
125'A
143
100
*6%
35%
147%
65%
29
100
7
33 Va
Shares
13%
79
28 Va
6%
29
101
*99
7
125%
17%
147%
*6%
6%
29%
79
13 Va
79
13%
6%
the Week
9 per share
80
13%
*79
Bales for
Jan.28
Jan. 26
9 per share
\.
Friday
Thursday
Wednesday
Tuesday
9 per share
35%
35%
*124% 126%
17%
28%-
99%
8%
8%
85%
85%
73%
74%
14
14%
*171% 173
7%
7%
25%
25%
40%
40%
85%
*27%
28
*102% 104%
*54%
55
12.50
No par
—21%
No par
13%
80%
*77%
Feb
14
37%
3%
92%
80
30
27
34 %•
8%
*90
*77%
*55
34
13
35
7% '
7%
25
50
Jan
300
34%
35
1,100
3%
37%
Copper Mining
55% Jan
10%
3Va
7%
Anaconda
28% Jan
10%
8%
37'%
7
104
11
3%
37
7
3
*10%
8%
89%
*118% 119
.5
24
14
65
3%
175 Va
142% 143
6% Jan
13
22'A
*64%
10%
"35
*21%
65
8%
5%
147%
57% Jan
Jan
'; 800<
22%
>
103%
6
100
25
35% Jan
53 % Jan
;
*64'A
-
.
55 '
55%
151% 151%
3
25% Jan
34%
22
1,500
40,500
8%;
58%
3%
*40%
100
14
4
34%
8Va
*57'A
65
■
10 %
,
38
37 %
8 Va
4,700
8%
par
52 % Jan
102
10%
98
103 Va
•
*6%
*33
33 % Jan
24
.
99%
May
Feb
*10%
47
v
59'
58
■
22%
22%
*64'A
64
38%
8
58
*43
97 %
38
8%
58
.
99%
500
3%
3
3%
47
99
34%
6%
33%
8%
41 % May
Mar
22%
99'/a
67
8
*22%
*6%
29%
Dec
Jun
22%
8'A
3%
*43
40
8%
58 Va
6%
30
Feb
Jun
58%
64
3%
47
100 %
800
1,900
34%
102%
Nov
60%
*3%
*43
8 Va
17
30%
107
28%
59%
10%
,
*79
83
< 21%;
21%
*107% 108
,*42%
43
15% : 15%
16%
16%
51
18%
.35
par
100
&
27%
'
*25
common—No par
preferred
$5 prior conv
28%
22%
par
$4 conv prior preference
No par
Amer Zinc Lead & Smeit com
1
.
28%
■.vvjid'ft-
14%
14%
173
173
*7%
7%
par
100
preferred
Water
American
28%
40%
100
Tobacco
*28%
40
x5%
46% Mar
5% Jan
-
American Viscose Corp common—14
7
112% July
6%
26
34
American
par
100
preferred
American Tel & Tel Co
24
158%
Stores Co
American
Jan
81
39 %
12%
Dec
34%
American
27%
8%
35%
126%
10%
7
27'A
81
47
8
100"
5,700
i
81
59%
*10%
90
*86
27%
3%
*3%
64
400
5,600
27%
28 Va
*43
200
27 Va
81
39 Va
*63
27%
90
2,900
27%
v;
*27
'■VA 27
28
99 %
22 % *
27%
80%
100%
8%'
60
23
•:Va 27%
27%
27 %
100
3%
47
18%
80%
102%
*3 %
*44
8
185%
*17%
18%
28 Va
200
8
184%
28 Va
Va
28
*17%
*86
98
*92%
-
1,100
100%
81
100'A
35
*124
Jan
Nov
90
*12
Jan
23
Feb
*89
No par
28
21% Jan
46%
90
Refg common—100
26% Jan
Apr
Oct
90
3,500
8%
18%
27%
28%
8%
*84%
73%
par
Foundries—No par
Jun
27
54% Mar
92
*90
No par
com
preferred
35%
131
27%
*35'A
36
131 % 132
27'A
27%
*22
22%
Snuff Co
non-cum
Dec.
147% Mar
*27
100
5
Razor
Nov
Dec
28%
91
28%
81%
28 Va
28%
*33
No par
Co
& Light
25%
16%
27%
27%
*98
67/8
1
com—No
No
No
Rad & St San'y com—No
6% Jan
170
Jan
News
Power
21
116% Mar
27%
28
*6%
30
100
Co
preferred
$5 preferred
$6
'
Feb
27 Va
27%
13%
13%
*79 A 80%
No par
„•
Molasses
*17%
;♦ 27:77,
I per share
100
—
Metals
preferred
27
17%
400
25
LOW AND HIGH SALE PRICES
American Metal Co Ltd com_No par
19
Jan
Nov
7% Jan :
preferred
6% Jan
100
6%
176
17%
2,500
67
*100%
186
185%
47%
25
98
*8
187
9,700
*b5
67
*92%
n
8%
185%
18 Va
Jan. 32
Fdy Co com—No par
Amer Machine &
98
*8
187'A
*17%
Saturday
.
Far
21
6% Jan
*92 %
98
VIA'
28%
18%
STOCK
NEW YORK
Amer Mach &
8
80%
16%
8
186
27%
*100
100
EXCHANGE
79% Jan
Jan
6% Jan
32% Jan
f
.
13% Jan
3
24% Mar
8%
common
I per share
9 per share
9 per share
Nov
1
1
preferred
Highest
Lowest
Highest
"
Feb
8'A
188%
STOCKS
Range Since Jan. 1
Year 1948
%
*8
186
*80%
*12
*16
American International Corp_No par
Range for Previous
12%
non-cum
*92%
98
*92
28%
4%
*47%
26 %
*5%
*66
1
10%
Feb
100%
81%
*36
50
preferred
conv
79
29
100%
28 Va
1%
47%
*7%
*41%
1
Home Products
26% May
Dec
100%
*100
81
*5%
*17
15%
1
Hide & Leather com
American
4% Jan
Jan
53
Feb
5%
:
Foreign Power com—No par
3% Jan
47
Jan
Jun
20%
93
,..
*$7 2nd preferred A
24% Jan
Jan
46
6
;
No par
-No par
$6 preferred
No par
American Hawaiian SS Co—__—10
50
fperthere
*
preferred
•$7
38 % *Jan
Lowest
100%
.
13
Jan
Feb
102
8%
8%
3%
3%
*89
•; 90
♦175 4 177%
*31%
32 %
•
10
77%
Dec
100%
*103% 104
28
Nov
Jan
100 Va
*65
2%
47'A
47%
25%
67
27%
*34%
-
47%
25%
*63 •
64
*10% '- 11
Jan
6% Jan
47%
*65
1,200
Va
2
2%
26%
*59%
7% Jan
57
Jan
44
47%
2%
26%
8%
Amer &
2% Jan
1% Jan
4% May
•
2%
3%
47
102%
38%
38%
25
Export Lines Inc
2%
25%
*43
102%
Co__
American European Secur
17% Jan
2%
14%
67
*65
26
American
15% Jan
2%
3,100
3%
14%
14%
67
.
65
7
Jan
2%
*14%
*65
3'A
3%
200
105
*100%
47%
28%
*3%
:
14%
*65
2%.
3%
67
14%
14%
67
20%
21%
25%
6
16
14%
*65
67
3%
<3%
'
105
*100%
65
Jan
13% Jan
14%
14'%
3%
3%
*46
17%
21 Va
.
105
47%
31% Jan
Oct
:
22%
*100%
26%
29% Jan
Apr
3%
3 'A
21%
21%
105
64%
*28
*80%
—100
Encaustic Tiling
21%
*100%
47'A
7
6
22 Va
105
17 Va
64%
12
Jan
18%
*65
40% Jan
5
30
17%
25%
28
——No par
Colortype
American
29%
18'/a
47%
*89%
Cable——No par
&
29%
17%
21%
*100%
*92
100
common—
29%
18%
65
26%
Inc—1
——r__
*36
29%
'100%
2%
48
.
39
18
67
102% Jan
Jan
16%
*65
2%
*47%
*63
Jan
Jun
13%
8,700
*36
29 %
3%
14%
37% Jan
14%
95%
6,000
21'A
99
89%
Dec
2,800
17%
Oct
Dec
3%
29%
17
Jun
7% May
Sep
Dec
29%
1
k
Co
Chicle Co
American
7
25
19%
Dec
35%
30'A
preferred—-:No par T
non-cum
19
44% Mar
37
*29%
39
*36
10
American Crystal Sugar com~i—10
4%% prior preferred
±—100
85% 85%
American Cyanamid Co com^
10 %'i; 39
; 39
3%% conv preferred series A-100
*101% 102%
American Distilling Co
20
31 %
31 %
49% May
Feb
Dec
36
43
Jan
1%
36
107 %
Feb
Feb"
6%
Co
Chain
American
22 % Jan
108
Dec
42
36%
3%
*14%
American Car & Fdry com—,No par
7%
preferred
:—100
'7
Jan
13%
36%
Radio Corp;—a.—„1
Can
preferred
7%
15
5
40
,
com__ No par
Broadcasting
Amer Cable &
17
20
38
25
Co
preferred—
conv
American
7
91% Jan
177,1
4
Jan
27
33%
3,600
:—50
class A
Bosch Corp
Brake Shoe
4%
-
110
94%
18%
10
preferred
Amer
"35
18% Mar
104%
900
18%
100
Bank Note common
American
6
Jan
100%
46%
18%
1
preferred
conv
cum
American
Jan '.4
4
<
Jan
Jan
•
30
Jun
49%
•
46%
18%
*27
common
800
3
2%
46 Va
'
92% May
177
3y2%
20
Jan
.
Airlines
2%
18%
Chemical_No par
Agricultural
American
3
7"% Jan
163 y2
Jan
'
11% Jan
3
•
102% Jan
Sep
Dec
6%
1,800
77
*70
77
2%
46%
"
32% Jan
31%
103
Amer
19
May
70
25
8% Jan 19
*70
18%
No par
Corp
3
46%
No par
Petroleum
Amerada
'4
Jan
14% May
;
9% Mar.^
20
20% Jan
51
Mar
68
Nov
18% Mar,;
58% Feb,
6
Jan
40% Jan
3
121May
Feb.
6'/a
3% Jan
103
89 % Jan
77
3
19
1
Co
*70
3
2%
46
No par
5
Chemical & Dye
77
*70
18%
Alpha Portland Cement—
No par
Amalgamated Leather Co com—1
6%
convertible preferred
50
Jan
50
34%
Jan
3
6% May
Nov
83%
26
3
102'%
98
*8
8%
187% 188
17%
17%".
Industries Inc
Kid
77
3
46
Corp common__No par
preferred
100
Allis-Chalmers Mfg common_No par
3%%
conv
preferred
;
100
7
Dec
Nov V
Shares
73
18%
4%
20
73
3'/a
73%
share
46%
Allied Stores
6
Jan
26%
44
72%
18%
gtd—100
Allegheny & West Ry 6%
8
Jun
:21%
7
24
Apr
96
.11%
No pari
Inc
<te
188% Jan
75
12
65
58%
Dec
.
73%
46%
4%%
47% Jan
Feb
Dec
No par
18
44 % Jan
37
65%
7%
73%
46%
preferred
100
Allegheny Corp common
1
5%%
preferred A
—100
$2.50 prior conv preferred-No par
Allegheny Ludlum Steel Corp_No par
$4.50 conv preferred
No par
2% Jan
May
Corp
Vlcksburg Ry_—.—100
Alaska Juneau Gold Mining10
Aldens Inc common
5
Jan" 11
3%
Jan
3
May
65
2%
t per
*18%
19%
*36
40
29 Va
29%
18
18 %
21%
22 %
*100% 105
1
Reduction
Alabama
May
7 ' 4%
Nov
Co
Express
*70
3
*2%
*46%
Addressograph-Multigraph Corp__lo
Admiral Corp
1
6
18% Jan
108
Nov
2%
Dec
22%
Dec
99
Steel Co
Acme
27% May
Feb
7%
xl8%
9 per share
74%
the Week
Jan. 2H
27
I per share
75'A
74%
Jan
Sales tar
Friday
Thursday
26
9 per share
74'A
74%
'•
>8duy
Jan.25
77
*70
2.50
—10
Co
Motors
7
6%
Tuesday
1 per share
73%
73%
No-pai
Straus
&
ACF-Brill
3%: Jan
Dec
AND HIGH SALE PRICES
Jan. 24
$-per share
No par
__
Monday
'
Abraham
2% Jan
2%
14%
Laboratories
Abbott
25
'May
100
35
75 % Jan
5
-
Par
t per share
share
69% Jan
Jan
~
Saturday
.Jan. 22
STOCK
EXCHANGE
Highest
Lowest
Highest
YORK
NEW
Range Since Jan. 1
Year 1948
Lowest
LOW
-STOCKS
Range for Previous
*54%
21%
*10
55
21%
10%
.
*102"'
56
*54%
26%
26%
103 %
55
21'
21
*10
ii
26%,
*26%
% :
4%,
29%
♦102
103%,
55
.
55
55'A
20%
21
20%
20%
n
10%
10%
*10
*4
29%
4'A
30
*102 '
*53
103 Va
55
500
7,200
100
*4
4%
300
30
30%
3,000
i
;
'
I
18
(502)
COMMERCIAL
THE
NEW
Range Since Jan. 1
Year 11)48
Lowest
Highest
I per thare
I per share
Y
Highest
t per share
23%
Nov
32%
Oct
24
Jan
3
27% Jan
26
Dec
101 %
Jun
90
Jan
4
94% Jan
3
7% Jan
8
77% Jan
Dec
41%
ll1/.
11
,
49 % Jan
21
97
Jan
5
98% Jan
27
109
Jan
17
110% Jan
3
$4
Jun
14% Jan
19
15% Jan
5
Arnold
17% Aug
11% Jan
3
13% Jan
11
18%
Dec
Dec
46% Jan 28
May
12% Jan
Dec
111
May
98% Jan
17
Dec
106
July
93
26
Jan
35
Jun
13% Jan
4
98
87%
19
12% Mar
7
Constable
Artloom
Carpet Co
Associated
Jan
21
98% Jan
27
7%
31% Jan
11
32% Jan
10
Atch
Feb
120%
Sep
98% Jan
3
105% Jan
7
Mar
107 %
Jun
101% Jan
3
103% Jan
24
Dec
19%
Jun
13% Jan
17
15
Jan
7
A
44 %
Dec
62
July
43% Jan
5
47
Jan
7
Atlantic
25%
Jan
64%
Dec
Atl G & W
66
Sep
81
30
102
Feb
91
Jan
14
60
Jan
5
Dec
80
Jan
15
81% Jan
35
27
39
Jan
7
4
109
Jan
114
99
Jun
Nov
107
May
Feb
xl9%
25 '/a May
48 %
Aug
99
Sep
20
Oct
4%
Jan
98% Jan
4
23% Jan
24
54
Jan
102
9 '/a May
4%
58
Jan
106
Jan
7
4%
20% Jan
4
Atlas
Tack
15
5% Jan
14% Jan
Conv
24
13% Jan
8
19
Jan
6% Jan
3
8
Jan
24
Autocar
Jan
11% Jan
5
14
Jan
21
3
7%
Jan
7
Avco
4%
Feb
Oct
Jan
46
Jun
.42% Jan
13
44% Jan
10
$2.25
13%
Feb
16%
Jun
13% Jan
3
14% Jan
15
Babbitt
11%
Dec
Jun
11% Jan
3
12% Jan
7
Baldwin
167/a July
9% Jan
19% Jan
3
11% Jan
7
3
22 % Jan
7
4%
Jan
7
Bangor
'68% Jan
13
Conv
*14%
15
13
*12
12%
•
13
13
*11%
13%
13
13%
102%
102%
*102
102%
98
98
98
31%
31%
32
32
102%
102%
102
104
103%
13%
*45
45
■■>/•■
100%
97%
32
32 Va
31%
32
32
32
100%
100%
103
xl00%
101 %
100
401%
4,900
102%
102%
102%
102%
1,600
13%
13%
13%
13%
13%
13%
1.200
45
45
44%
44%
44
44 Va
433/4-
433/4
900
102%
3 6'/a
36%
108%
($1.20)
35%
81
35
36 %
108%
108%
108%
108%
97%
97%
97
97%
*96%
97%
H96 %
22%
23%
22
22%
22%
22%
21%
*103
*20
103%
20%,
5%
*13%
5c,
14%
56%
103
,
7%
5
13%
*55
20
5
14%
77/a
14%
55'%
103
20
5%
14%
7%
5o
103
20%
5%
*13%
conv
56%
103
"
*20
*13%
8
,
55
14%
r*8%
7%
13%
44
,
13%
•7Va
6%
42%
42%
42%
*14
11%
14%
14
14 Ye
14%
14%
11%
11% •>12
11%
12 Va
10%
10%
10%
10%
10%
10%
21%
23
21%
22
21%
21%
22%
22%
7
V
6%
7%
:r.
43
43
800
7%
2,700
*
13
1,200
7
13
•7
6%
43
900
14 Va
6%
-
160
200
•5Va
-5
v
7%
13%
."
22
-
7%
320
,54%
103
*20
13%
"
•160
3,100
*102
5%
*14
430
97%
213/4
54
«
.
7%
42%
7
14
13%
109
97%
22
.
8,300
21%
102%
*5%
200
200
35%
108
-
13%
.
lo'/2
7%
43%
7
*42%
5%
35 Va
97%
*20
5%
81
22
102
20
55 Va
*80
*
108%
,55
103
20
14%
7%
13%
55%
*102%
*53
35%
97%
5%
Amer—5
Co.of
*78
.
55 %
22%
55%
55%
,
No par
-—.——
*54%
*97
No par
common
'
*22%
common——No par
100
No par
108%
.-.
50
13%
37
'108
140
1,400
101%
103
81
108%
6,700
101%
97%
*80
*108
13%
13
102
101%
81%
A__100
100
100
98%
81
series
12%
13%
102
140
200
*11%
••
15
98%
82%
series B
12%-
13 Va
13%
*80%
36%
11%
•
*14%
102%
45
36%
210
15
98
85
36%
3,100
98%
109%
*14%
102%
*80%
common
47%
98%
109%
98
'—100
25
preferred
46%
98%
109%
xl3%
14
45%
1,600
32
31%
103%
14
13
101%
'
530
13,400
75%
98
*96
102%
-
13%
•'
"T-.!
48
.
7%
98%
56
Corp (The) common—3
preferred
.No par
Mfg
14%
*54%
Canteen
Baltimore
7%
14%
55%
Co
35%
•
14%
*11%
75%
47%
110
110
38,700
93%
109 '/a
98%
109%
13
*103
98
109%
14%
13 %
48%
47%
48%
98
Shares
75%
7%
74%
/'•
$ per share
7%
7%
76%
.
109%
15
103%
48
*97%
.
75
55%
prior pfd
6% Jan
98
'•:•'
109%
109%
13 %
No par
preferred
Corp
Automatic
49
'98
98
76%
56%
Nichols
Austin
48%
49
76%
:/
*55%
Powder
Atlas
76 Va
7%
7%
56%
$3.75
conv
13
19%
16% May
26%
93
*96
5
27
Dec
Nov
6%
26 Va
94
7%
*55%
preferred
conv
Preferred
Nov
12%
xll
RR
Atlas Corp
28
12'
21 Va
94
7%
I SS Lines common—1
non-cum
4% Jan
v
Line
Coast
Jan
3
26%
93%
*102
10
Inc
19% Jan
Jan
27%
93
*11%
non-cum
F
Atlantic Refining
17
Jan
Apr
24%
6
20
T
5%
28
94% Jan
Jan
64 %
114
Dec
Jan
26%
93%
*14%
& Santa Fe com__100
preferred
100
Topeka
5%
25
50% July
Feb
55
27
93
7%.
for
the Week
26%
49
10
Investment Co
Associates
Sales
Jan. 28
26%
*97%
common—1
100
100
Goods
Dry
preferred
2nd
tper share
92%
*!09%
—-No par
Inc
1st preferred
-6%
3
13%
84
96
Co
preferred
preferred conv
$3.75
Jan
103
com_—-No par
No par
No par
Corp
-5
Cork
Armstrong
$ per share
92
76%
Jun
Friday
Jan. 27
$ per share
25%
76 %
Jun
Thursday
Jan. 26
25%
75 %
com
PRICES
Wednesday
92%
*92
$6 conv prior preferred-—No par
Illinois
of
SALE
Jan. 25
Sper share
7%
Co
HIGH
Tuesday
I pefshare
7%
&
AND
Jan. 24
Monday,- January 31, 1949
25%
com
10
preferred—______100
Corp
conv
Monday
Jan. 22
7%
%
99
Saturday
V..
5
56%
Jan
Nov
13%
Jan
4%%
Armour
115% July
Feb
88
103
73
Jan
106
Steel
Armco
10
15% May
•
Par
11
6% Jan
68 V2
CHRONICLE
LOW
STOCK
YORK
EXCHANGE
fper share
89
Dec
FINANCIAL
STOCKS
Range for Previous
Lowest
67/b
&
17,'JOO
6%
43%
42%
42%
BOO
B
10
17%
Mar
Feb
29 %
(B
T)
&
1
'
Inc
Works
Locomotive
13'
common—100
Ohio
13%
Feb
31 %
Jun
21
Jan
3
60
Feb
80 Va
May
67
Jan
17
Nov
59
May
43 '/a Jan
28
47% Jan
3
Barber
preferred^
—100'
Aroostook commori—50 '
preferred---—
100 *
Oil
Corp
(Delaware) J
10
20
Jan
28
21 % Jan
7
Barker
Brothers
37
Jan
11
37% Jan
13
49
15%
40%
x20
July
Dec
287/a
45
>
Jun
Nov
36%
Jun
31
Feb
9
45 %
25
non-cum
&
5%
4%%
44% Jan
28
Nov
16 Va Mar
10% Jan
3
11% Jan
7
15 7/a
Dec
23%
16% Jan
4
17% Jan
20
Bayuk
30%
Dec
43% May
32
Jan
<4H
34% Jan
24
Beatrice
80'/a
Sep
90
88
Jan
3
91
24
100
Dec
.[.a '•
" :'•.;
17 % Jan ■27
71
Jan
jjv;
),'■
;
Jan
22% May
16% Mar
69
Dec
Jan
Jan
20 % Jan
Jan .13
10
r
8
Oil
Barnsdall
Bath
3%%
Beaunit
Beck
10 Va Jan
21
Beech
Aircraft
Beech
Corp
Apr
31
Jan
13
32
Jan
27
Feb
37% July
34
Jan
i.7
36% Jan
10
Beech-Nut
14 Va
Feb
20% May
3
15% Jan
10.
10%
Nov
19% Mar
14% Jan
11% Jan
27
13 % Jan
12
14% Jan
28
16% Jan
8
92VaJan
8
92 Va Jan
8
14%
Dec
24%
Jan
90%
Dec
103%
Jun
26
Bell
;RR
Packing
Howell
&
-4%%
Co
Jun
18
34% Jan
6
Jan
9% Jan
-4
11
Jan
7
Bendix
26% July
22 Va Jan
27
24
Jan
5
Beneficial
73% Jan
4
77
Jan
21
93
Jan
£
97
Jan
21
24 % Jan
4
26% Jan .7
87% Mar
Dec
86%
Feb
25
Feb
102 %
Dec
23%
32% Jan
•
July
30 % May
•
•
37% May
Feb
28
Jan
30% Jan
4
7
9
31 % Jan
139%. July
132 % Jan
4
33% Jan
136% Jan
37% May
26% Jan
28
28 % Jan
3
14%
9% Jan
3
10% Jan
8
Cum
39%
Jan
3
i,
7
Bethlehem
7%
t per share
26 %
Lowest
13
4 per share
27
Jan
3
30% Jan 12
13% Jan
3
14% Jan
9% Jan
Sep
3
11 % Jan
27
13% Jan
7
......
25
*34
35
34%
34%
34%
34%
*89
91
91
91
*19
*71%
19%
19%
19%
73
71
71
10%
10
10%
1
Bliss
(E W)
&
13
8
Bliss
40% Jan
7
40% Jan
7
Bloomingdale
20% Jan
3
23% Jan
7
Boeing
Jan
;
-
22%
Dec
37% May
23 % Jan
3
27
Jan
18
Bohn
57%
Dec
96
58
Jan
24
i.64
Jan
12
Bon
25
Jan
17
Jan
Jan
16%
Dec
27% May
16% Jan
37%
Nov
44%
39% Jan
-
50
Jan
Jan
3
32% Jan
32% Jan
26
2
27
Jun
42%
Feb
66% July
87%
Nov
96.
1% Aug
32% Dec
42
Jun
Nov
7
26
71'
6% Jan
54
Jan
7
2% Jan
Feb
13
35
-
3
25 % Jan
10% May
Dec
7%
17% Jan
41 % Jan
May
5% May
5
Jan
8
8% Jan
19
46% Jan
Class
5
5
3
12
7% Jan
3
28% Jan i
3
*32
34% May
37% Jun
27% Jan
4
29
Jan
10
30 % Jan
3
33
Jan
6
14
100
Jan
18
3%%
Nov
25%
NOV
92%
Oct
101%
Apr
15% Mar
23 %
Sep
98
Jan
18%. Jan
8% Jan
3
Jan
7
i'7
Briggs
23% Jan
26
Brooklyn
12% July
Jan
3
10% Jan
21
Brown
&
Feb
33% Aug
30% Jan
20
31% Jan
iO
Brown
Shoe
90%
Feb
99
17%
Feb
23%
15
Nov
24% May
120
Sep
124% July
Dec
11% May
7%
65
9
Aug
95
Jan
6
95
Jan
6
Nov
19% Jan
5
20% Jan
25
15% Jan
121
4
Jan
16% Jan
122
10
8% Jan
3
7
22
7%
7
Budd
Co
Mar
75
July
65% Jan
Dec
40
Jun
32 % Jan
Jan
13
Buffalo Forge
78%
Aug
90%
Jun
87% Jan
6
90% Jan
24
Buff
12%
Dec
21% May
12% Jan
3
14% Jan
20
Bullard
>
29%
Feb
43% .Jun
33% Jan
4
36
Jan
11
:Y
16%
Dec
24%
17% Jan
4
18% Jan
7
81
Jun
Mai-
97
Jun
72%
Dec
100
Jun
Apr
88
Feb
17%
Jun
7%
Nov
10% July
20
a
Jan
34
.
28
Jan
12%
:
69
6
'79
8%
73
Mar
Dec
Dec
114
89
Jan
Mar
98%
Jan
23%
Feb
88
90
Jan
21
7
77% Jan
25
27
16% Jan
8
Jan
Jan
3
8% Jan
3
8% Jan
.75
Jan
.3% Jan
20% Jan
101
'
3
8
Bush
7
Butler
;
Jan
22
.3% Jan
3
Jan .13
26
9% Jan
80
4
.
7
8
24 % Jan
27
104
Jan
25
•26% Jan
24
4% %
May
1% Jan
1% Jan
7
Callahan
■8% May
31% May
4% Jan
5% Jan
6
Calumet &
24% Jan
*
5
10
Mar
Mar
Hecla
44
May
37% Jan
39% Jan
18
16% Jan
17% Jan 24
13 % Jan
14% Jan
78
*95%
97
"
800
100
26%
29%' "•29%
26%
900
283/4
•
29%
3,600
32%
32%
32%
33%
33%
32%
136%
136%
136%
136%
*135%
136 Va
*135%
27%
27%
27%
27%
27%
27%
26%
27
1,500
10%
10%
10%
*10%
10%
10%
10%
10%
103/4
1,400
10%
Monday
Tuesday
Jan. 24
29%
13%
'i 13%
10%
*13
*39
13%
41
13%
*39%
*22%
22%
22%
*26
10%
;
29%
•;Y 15%
.
/
10%
33
74,200
136%
700
13 V*
10 Va
10%
10
10%
10%
*13%
13%
40
*93 Va
*2%
15
13%;
*38%
2%
No par
No par
No par
2.50
—100
No par
1
13%
13%
52
97%
27
22%
22%
26%
60
•60
26%
26% '
603/4
25%
26 Va
25%
17%
163/4
17'/a
40%
41 %
40%
41
50
52
50 Va
50%'
51
97
26 %
*93%
97%
*2%
2%
*34
36
8%
8%
*37 ••
41
*8
8%
*30%, 30%
*28
28%
*32
32%
*99% 100%
22
10%
*30 %
*95
*20
33%
8%
8%
8Va
40
*35
39
7%
*93%
*35
.
8>/a
39
: V-
7%
30%
30%
30%
28%
28%
28 Va
28 Va
31%
32
*99%
102
*28
32%
32%
*
>"•
100 Va 1
*99%
22%
lOVa
10%
31
*95
97
20
20
23 Va
22%
28%
*28
32
31%
31%
31
31
*99%
102
*100
102
22 %
23%
10%
*95
20%
20%
122
9
"
15%
68%
15%
*121
8%
97
1
95
15 3/a
15%
123
8%
68%
'
45%
68%
17,100
10%
7.000
■
31- ;
97
.
■"•
30
400
153/a
4,500
123
8%
69
200
20%
*2oya
*121
600
1,500
•
:
*96
9 V
2,100
23 Va
10 Va
>
2,400
30%
28%
*30%
'95',
20%
77/a
»
223/4
10%
31;
*121
9%
>;
23
10 Va
*20%
15%
69%
102;
31
123 '
*68%
1
22%
■
20%:
68%
*32
32%
*100
31%
8%
68 '
68
28 3/a
,
Dry Ginger Ale com
conv
Canadian
Breweries Ltd
Canadian
Pacific
Mills
Ry
-
2,700
38
28%
10%
15%
*34
7%
*30%
122 •"
9% ,'j
38
29%
10%
16
9 Va
300
700
7%
7%
22%
20%
6,800
•
34
*32%
31%
97
2,500
2%
30 Va
31%
*95
97
*2 Vs
73/4
10 Va
i*
>
•
30 Va
,
*30%
122
157/a
*121
*32
8
*95
~
5,800
50 yB
7%
*34
7%
30%
••7%
"590
-
40%
50
•v
3 2 5/a
7%
17
167/a
.
800
530
40%
2%
32%
26 Va
•60
*25% "26%
97%
2 %
34
8%
31
32%
*32%
8%
30%
22 %
10%
97
20%
34
8Va
•>
3,100
,
r
30%
31
15%
16
122
122
8%
9%
*66%
68
*32%
34%
34%
*3T
2%
2%
800
22%
60
,'17%
50%
1,300
13
26 Va
60%
17%
500
2,300
-41
61
26%
2%
r
21%
41
*93%
,
97
,
*38
223/a
16%
52 Va
13
40%
•
13%
10 Va
26%
'
*2%
43
22%
Shares '»
*293/a >"29%
'
26%
26%
13
*38%
22%
41
17%
•41
51 Va
29%
13%
40
22%
22%
26%
*29%
13%
for
the Week
$ per thare
29%
13%
*39
41
I per share
29%
10%
Sales
Jan.28
13%
;.13%
-
Friday
Jan. 27
29%
10%
51%
*94
Thursday
Jan.26
4 per share
17
5
2.50
15
Wednesday
Jan.25
40%
.
50
8%
14,500
*69
32%
32%
32%
*32%
32%
*89% 1 92
90%
91 Va
89%
89%
*89%
91
*14
14%
14%
14%
13%
14
14
14
*13%
14'
——5
35
35
35%
36
36
18 Va
18%
18 Va
18 3/a
88%
88%
88%
88%
77%
77%
*77
79%
*77
*75%
80
*75%
80
14%
-210
79%
80
15
•
-90 V2J-
79
90
79
*77 %
*89%
*75%
*88%
79%
80
80
15 %
8%
115
9%
80
*3Va
24%
3%
24%
*102% 103 %
*26
; 26%
15 Va
8%
77%
*75%
15
15%
8%
112
8%
112
9%
*80
'
112%
9
"81%
*3 Va
87/a
*80
3%
24 Va
103%
26%
26 Va
36 Va
*3 Va
24%
*102%
35%
56
35 %'
35%
56%
56% "56%
1
Cons Copper
xl9% May
19% May
24
*77
,
5,000
.1,400
27%
50
preferred
Canada Southern Ry Co—
Jan
'26
5,300
10%
22%
33%
.
17%
—
Campbell W & C Fdy
45
-
97
26
30
41
1%
1%
5
5%
5%
23%
common—No par
Zinc-Lead
Can
28.
97
33%
10%
22%
w
77
v;
323/4
1,100
23
.
103%
/
Va
18%
'
90
77%
80
,
*75%
15%
8%
15%
8%
80%
3%
23%
.
25% '26%
8%
8%
*111%
112
104
15
"
113%
8%
8%
80
*3%
23%
103%
X25%
80
3%
23%
104
25%
!•
xl4%
8%
*112
83/4
*80
83/4
114%
83/4
81%
3%
3%
24%
25%
32%
89%
89%
14%
35%
88%
104
26
> >
8 V«
143
*80
600
18 Va
8,600
89%
200
200
6,800
8%
83/4
82
*3%
300
.900
113
83/4
300
'•.
35%
'
18
14%
23%
*103
"32%
*13%
3,600
::
.140
4,300
100
33/a
100
23% •23%
3,100
103
104
*24%
253/4
120
1,300
C
10
page
29%
40"%
&
24
see
10 Va
29%
*29%
8%
27
Cannon
33%
10 Va
22%
29%
*26Va
preferred
$4.25
33
10%'
22 %
25
13%
10%
9%
22% Jan
For footnotes
33%
9%
22%
26
29%
*112%
11% Jan
7
33 Va
10%
22%
26 Va
13 %
1
108% Jan
40 % Jan
33%
10
# per thare
—15
9% Jan
Dec
32%
22%
26%
*29%
preferred—100
104% Jan
47%
143/4
93%
:•/. 59%
Corp
Jun
21% Jan
400
14%
*91%
60%
pfd—100
119
15% May
42
15%
93%
26 Va
5
Inc
Co
California Packing
5%
*11 Va
*14%
*91%
58
preferred
Copper
11%-
14%
26%
—100
Zinc
5
Byers Co (A M) common—No par
7%
participating preferred—100
Byron Jackson Co
No par
Butte
1,100
93%
60
27 %
common
",:•{•.■■
38
10%
1,000
157/a
136%
*27
10%
>10
35%
15-%
*91%
30%
32%
323/4
35
No par
Bldg 7%
Bros
11%
*32
•14%
26%
*136
27%
*27,
4,000
15%
15%
26%
100
No par
.No par
1
Co
Mills
Term
26
Dec
32%
136%
136
90
9%
93%
60
26 %
17%
Bush Terminal
22
14% Mar
29%
74
15%
89
36% Jan
37%
30
32%
26
50
1,100
35%:
'
26 %
*'26
30
800
18%
*91%
88 Va
56% Jan
Dec
32%
:
600
89%
9%
32
32
98
'
Jan
Nov
32%
15
93%
18 Va
33% Jan
Nov
12
35 Va
54
9
12
18%
Sep
21%
12
32
12
35%
Jun
101%
12%
18%
54%
Dec
*12
34%
40%
5
15%
18 %
52
3
■35%
15%
34%
27% Mar
Dec
36%
15%
18%
90
*77%
*75%
15 %
Jun
1%
36
15%
*34
35%
Jun
36%
*15%
*30%
common—1
4% preferred
100
.3%% conv 2nd preferred
100
3%% preferred
100
Burroughs Adding Machine—No par
113% Jan
17
110
27% July
July
5
Jan
Xl4 % Jan
4% May
105
Jan
76
Jun
2% Mai16
Dec
15%
36%
15%
78
No par
-
Watch
Bulova
32
32
1,000
35
'
89
97/a
9%
36%
*96%
common
Niag El Corp 3.60%
Burlington
*"0%
;
*15%
*75%
Co
common
Co
10
78
Inc
preferred
$5
9%
*35%
—1
Inc
10%
*30%
——15
preferred
30%
77
9%
98
No par
Union Gas
Bigelow
(The)
*72
*75'%
Bucyrus-Erie Co common
Jan
73
*95 %
Brunswick-Balke-Collender —No par
9% Jan
73
98
Par
A—
preferred
$3.60
73
77
Brass——5
&
Bearing
Co
72
77
,
preferred
Dec
8%
*17%
*34
17%
LOW AND HIGH SALE PRICES
Briggs & Stratton
;
Bristol-Myers Co common-:
27
18%
72
.17%
'*72'
35%
15%
12%
15
93%
Jan.
America-"
Co
Manufacturing
11% May
36%. Jun
18%
32
Saturday
Brewing Corp.of
Bridgeport Brass
Dec
18%
*95%
No par
Airways
18%
*75
'78
*95%
98
Inc
Roller
x27% Mar
25
18%
22%
Borg-Warner Corp common
5
3 % %
preferred:
.
100
Maine RR (assented/_100
Bower
90%
33 %
Boston &
Braniff
*89 %
fl0%
STOCK
(The)
Co
90%
10 Va
com__No par
B
Borden
90%
22%
-—-—100
class
Stores
Bond
92
*90%
32%
Brothers—.—No par
Co
5
Co
35
8,200
11
17%
-
400
1,200
443/4
*10%
*34
10%
1
44 3/g
10%
17%
34%
23
-
39
10%
35%
*15%
12 %
15
*91%
15
20
17%
-
*30%
*91%
43%
20
34%
'
10
1
Aluminum
11
43%
17%
23
Airplane
Ami
10%
68
*38
•
*17%
10
5
(Del)
10
45%
J33%c
Co
Apr
6%
—1
1,
10;100'
1——i——1
Laughlin Inc..
2.50
7
44% July
26
50
!—10
com
■
17% May
51
45
17%
Black & Decker Mfg Co_—^No par
Blaw-Knox Co
No par
29%
Dec
44%
11, H.
17%
.
19%
30%
45%
11
common
YORK
32% Mar
Nov
45%
45%
Carpet
No par
Birmingham Electric Co——No par
4 per share
36% July
Dec
45%
EXCHANGE
19% May
.14%
39
11%
Co__:
preferred
NEW
Dec
Dec
20'/a
*37%
45%
:
Highest
Feb
9%
"20%
38%
Bigelow-Sanford
Range Since Jan. 1
•Highest
xl3
45%
20%
*37%
STOCKS
Year 15H8
I per thare
*43%
*20 Va
.
45%
-
Range for Previous
Lowest
45
20%
pfd——100-
Loan
Steel
2,000
38%
pfd $3.25 ser of 1946-No par
div ser of 1948_No par-
Foods
2,900
22%
20 Va
'Cum pfd $4
Best
21
22 %
*66 Va
*37%
17% ■'•17%
new
-
203J4
22%
20%
>
45
21 %
1,800
67%
22
38%
*ii.';
Appliances:
Indus
Best & Co
21
Dec
Nov
26%
Oct
Mai-
30%
125
Home
46 Va
21
14%
*65%
68
20%
11 %
Bendix Aviation
21%
Nov
68
38%
Dec
21%
22%
*37%
17%
preferred
Feb
9%
21
•
16,40.0
20%
45 %
Belding-Heminway •
Bell Aircraft Corp
34%
Feb
5,200
10 %
38%
;—-—2.50
i
4%%.
(A S)
11%
10
20%
*11%
common
32%
30
*45
11%
21%
*66
*17%
Creek
Shoe
46%
*13%
11%
io%:
21%
■
68
:—100
Co
Mills, Inc_
26
*45
*66
1
pfd
conv
45%
<68
13%
11%
10 Va
*37%
5
Corp
Inc
Foods
*66
:No par
Co
Cigars
22%
22%
68
13%
12 Va
io%;
10
:
Works
Iron
Jan
'73
9% Jan 28
•
Jan
23
*67
*45
14%
10%
50
common
preferred
*21%
14
■11%
.
No par
1.66%
No par
100
No par
25
No par
*22%
11%
11%
*107% 109
*38 % ,39
*17%
18 %
14
14
*44%
45%
1%,
5 Va
*22%
4%
5%
22%
36 Va
*55
35%
55%
1%
4 3/a
1%
1%
2,500
5 Va
5%
5
Va
5%
2,500
5%
5%
5Va
5 Va
'22%
11%
11%
107%
17%
x35 %
x553/a
1%
108%
39
36%
57.
1%
11%
17%
36
*56
.1%
108 %
*38 %
36%
57
1%
38%
*17%
22%
14%
108
22%
22%
353/a
*54
35%
55
2,000
60
*22 Va
22%
21%
22%
600
11%
11%
11%
11%
107%
8,000
107%
11%
107%
11%
107%
406%
106%
120
38%
*38%
39
*37%
39
*37%
39
40
18
*17%
18
*17%
18%
*17%
18
200
13%
13%
13%
13%
27,700
*43%
43%
43%
43%
400
13%
14 Va
13%
14
13%
14
45
45
44%
44%
43%
43%
'
Volume
169
Number 4773
'THE
COMMERCIAL
NEW
Range for Previous
11
'
Range Since Jan. 1
Highest
>
Feb
Lowest
$ per share
;
18
'
May
Aug
13% Jan
28
5% Jan
3
Apr
3%
Sep
100 %
Feb
26 %
Dec
32
30
Dec
41%
53
-
110%
102
Nov
Feb
x50
Feb
97
Feb
Feb
123
105
140
Power
13% Jan
4
Carrier
7
Case
4
7%
preferred
Caterpillar Tractor—
138
Jan
11
52% Jan
21
55% Jan
7
28
32% Jan
Conv
7
128
104
3
Jan
Jan
Jan
(J
20
10
131% Jan
6
1%
Feb
34%
Jup
x24% Jan
5
26% Jan
7
Celotex
17%
Dec
20%
Jan
17% Jan
13
18% Jan
11
16 *
Dec
Feb
16% Jan
3
17
6%
Feb
11%
Sep
9% Jan
3
11% Jan
5%
Dec
12%
Jun
5% Jan
4
22 Va
Dec
6%
Dec
38% July
8% Mar
100'/a
22
Jan
6
General
I)
Co
2nd
5%
Central
Central
Central
of
Aguirre
7%
32%
'32
7%
7
7
37 3 a
26
36%
*13/
Central NY Pr
138 Vz
Nov
135
14
35% Jan
20
11% Jan 26
Central
&
11% Jan
135
May
10% Jan
3
Dec
11
Jun
7% Jan
5
Dec
28%
Apr
18 % Jan
12'/a
Nov
20
May
11% Jan
tCentral
RR
of
New
3
28
13% Jan
6
Pasco
129%
25 Va
*17%
18
17%
17%
17%
18
17
10%
5%
*5%
17
17
17
17
17
17
1.7
10%
10%
10%
11 Va
10%
10%
10%
*5%
5%
*5%
5%
*5%
5%
5%
100
23%
23%
22%
22%
*22 Va
*7 Va
7%
7 V4
7%
7'A
5
*34 Va
_100
com_5
6
3
5 Vz Jan
21
Jan
3
11% Jan
21
Jan
26
11'A Jan
7
3
10 % Jan
16% Jan
17
8% Jan
28
4% Jan
July,
17% July
14% May
9%
12% July
22% July
8% Jan
Jan
12
Jan
7%
=
,9
Jan
15% July
9% Jun
4% Mar
7% Mar
30
10
4% Jan
20%
20%
20%
20%
20%
20%
20%
20%
20%
13 Va
13
13%
12 5a
12 %
12
12%
1.25
8
111 RR Co
23%
*92
94
26
25%
23 Vz
7%
7 %
7%
28
27%
27%
27%
27%
*27 Va
27%
27%
27%
33%
33 %
33%
33%
33%
33 Va
33%
33
33%
64
83%
83%
83%
83%
84
84
*84
84%
5%
*4%
5%
4%
10%
10T a
10%
10%
10%
9%
10 3 8
10
10
Chic Ind
Jan
5 Vz
Jan
Class
Chic
on
*9
*16%
9%
9%
17'A
17'A
17%
*9'A
9%
9 Va
9%
No par
*4%
7%
5
4%
4%
*4%
No par
7%
7%
7%
7%
7%
100
31%
B
Milw
St
Paul
P
&
vtc
40
May
26% Jan
28
29'A Jan
49% Mar
57
Jun
49% Jan
29
51
25 V2
Feb
42%
Sep
32
Jan
3
34% Jan
45%
Jan
72%
Oct
64 V2 Jan
4
74
July
15%
Oct
12'A Jan
3
12% Jan
19
preferred series
Chicago Yellow Cab
16
Jan
3
16% Jan
19
Chickasha Cotton Oil
5 Va Jail
7
Jan
7
A
preferred
vtc_'
4
Jan
3
58
Jan
11
29% Jan
90
Nov
101% May
97% Jan
4
102% Jan
32 Va
13%
13
13%
12%
13 Va
12%
12%
9,800
34%
35
34 Vz
35%
34%
34%
33%
28
34%
27%
27%
27Va
4,200
27%
27
27
*26 Vz
27%
26%
26%
50
*49%
49%
49%
49%
49%
49%
49%
50
*49%
50
400
33%
34
33%
34
33%
34
7
33%
34
4,100
72%
73
71 %
71%
69%
7 0 Vz
70'A
3,100
*12%
13 Va
*12
71%
12%
*15%
16%
*15%
convertible
Rock
Is
preference
&
Pac
RR
27%
No par
*49
Co__No par
A
32
34%
34
34%
72%
72%
73
*12%
13%
*12%
*16,
16%
34
72%
100
No par
10
Childs
Co
5%%
16
Copper
4
*12
15%
Gas
29Va
29'A
*100 Vz
101%
100%
Machine Co.^ilO
*21%
44'A
*28%
22'A
21%
44%
44%
29
29
z.
20% Jan
4
22
Jan
7
Cincinnati Milling
3
C
Jan
3
44% Jan
29% Jan
6
25
27
City Ice & Fuel
Jan
27
7% Jan
12
City Investing Co common
5% 7c. preferred
27% Mar
176
38% Aug
July
July
80
Jan
34%
Feb
105%
Jan
22%
Nov
105
28% Jan
17
30% Jan
82
29
82
43
Jan
Dec
x39
Jan
13
Jun
109% Jan
3
%
Apr
23% Jan
5
108%
Jun
Jan
11
Oct
Jan
105
42% Jan
112
Cleve
Jan
11
b%
27
Cleve
13
72
Jan
39
Dec
47% May
39% Jan
13
43
12%
Dec
18% Mar
12% Jan
3
23%
Nov
4%
Dec
27%
137
26
19
Dec
25% Jan
30% Jan
20
Clinton
Jan
4% Jan
5% Jan
12
Clcpay
30 Vz Jan
26
Cluett
36% May
147
27%
Jan
138% Jan
July
92% May
78
HO
82% Jan
Jan
$ per share
t per share
Dec
60'A
183
Dec
31
Dec
x87
Lowest
13d
Jun
1332
Jan
16
12%
Jan
12
61
% Jan
17
Class
Jan
5
Coca-Cola
31'A Jan
Sep
96
Apr
89
Jan
8
25% May
26% May
14% Jan
27
22%
Oct
16
$3.50
19
7
Collins
24
Colonial
157A Jan
19
Jan
24
Colo
19% Jan
24
22%
Oct
18%
Jun
3
17% Jan
Dec
9% Jan
12
Jan
Fuel
5%
&
18% July
11'A Jan
9% Jan
20'A
Dec
27
24% Jan
20
Nov
32'A May
31% May
21% Jan 20
23% Jan
Class
10'A
Feb
14%
10 % Jan
11JA Jan
Columbia
22
Jun
Jan
4
Sep
13 Va
May
8 Va Jan
3
Dec
78 Vz
Jun
49% Jan
17
9% Jan
51
Jan
25
29% May
3% Oct
21
Pictures
16% Jan
3
Apr
17% Jan
3 Vz Jan
98'A Jan
25
$6
Inc_No par
Jun
12% Jan
3,
14
Va Jan
8
12'A
Jun
8% Jan
14.
9
Jan
5
8 Vz
•
Dec
Dec
51
19
Dec
10%
Dec
»
8%
Dec
•
7%
Nov
29%
29'A
-
33 Va
Dec
:
•
•
84'A Mar
-
92
8 Vz
t-
Nov
'
48% Mar
10% Jan
8% Jan
8
Solvents
Jan
5
28
3
46
Jan
No par
:''21% Jan
12
7
10% Jan
12
Consumers
33'A Jan
107'A Jan
26
$4.50
108
Jan
13
$4.52
42%
Jan
:
99
,
Jan
13%
Jan
15 Va
Jan
85
•
Jan
5
90
-v-31 Va .Jan
3
35% Jan
24,
98
Jan
22
'
%3
Jan
4%
23,
of Cuba
6%
Vultee
Power Co
preferred
e% Jan
3
9 Va Jan
' 7
Continental-Diamond
6
63% Jan
19
Continental
For footnotes
see
page
60
28.
Jan
12%
180
10%
10 %
10%
430
22%
22
10%
10%
10%
1
No par
Insurance
Fibre—•_!;—5
-10
9
*8%
*49%
50%
*49%
31%
32 Va
31%
31%
30%
39
39
39
39%
39%
51
11
100
V
31%
31%
2,400
39
39 Va
39
39%
1,900
39%
98Va
97
97
97
97
97
97
*97%
17'A
17%
17 Va
17%
17 Va
3 Va
l3 %
3 Va
3%
3%
3%
17
17 V4
3%
17%
3%
3%
97%
97%
26%
26%
26%
9
28%
29
26
26%
28 3A
26
4%
4»A
22%
4
19
.
11
8V4
10
97
97
26 Va
26%
*8%
8%
400
28%
28%
1,200
*26%
26%
29'A
28%
26 Va
*25%
4 Va
4'Va
19
19
11
£
106%
lOTU"'
14%
<98
•:>-.* 8%
*62
98
14%
*87
34%
*97
42%
44%
19
19
12
8
32%
35
44
9%
107 'A*
90
43
12
105 Va
14%
9
9%
32%
35
13
*8%
8V4
107%
*87
107
*12%
8Va
106%
*96%
*106%
9%
32%
97
97
15
89%
35%
Va
32%
V
33
8%
8%
8%
62%
62 Va
62%
62%
200
44%
3,100
19
18'A
18'A
1,100
11%
11%
11%.
8 Va
8
9%
9%
33
33%
8
Va
33
106%
'my,
106%
107%
107%
107%
107 Vz
36
-
36
*96
97
900
1,600
12,000
106%
87
800
>A
107%
97A
8%
9
107%
96%v
*97%
1,100
12%
106%
98%
300
3.100
19,800
8Va
33 %
98%
9
*107'A
35%
14%
4
107
12%
44
4%
22 3
9%
101
37
34%
107
1,500
11,300
11%
8%
35%
*87
4%
22%
9
8V4
103 Va
*96
4'A
22 %
13
a
10Va
37%
Va
22%
107
*12%
*8 5
19%
33
26%
19
9
*107 VA
37
107
4
9
29
*26
22%
107%
37Vz
29
26
22 Va
106%
37%
*8%
29%
4'A
32%
106%
32%
9
22%
44 %
11 •
240
97%
44%
11 Va
66,500
26%
45%
VA
6,100
3%
26%
13 Va
19%
17 Va
3V»
97
106%
45
98
17
98%
106%
9
98
17%
25%
*12%
9
98
*8%
13 Va
13
*8%
3,500
26%
22 Vz
22 Va
2,700
49
98 %
107 Va
46
8%
V4
23%
48%
•
8%
■
22 VA
9
10
4
*23
300
98 VA
8%
*106%
13%
11%
•
•
52
26%
26%
9
28%
19%
98
*8%
26%
107
.
< *107V4
:
*49
49
97
900
51
31%
23%
»A
8%
50
*
48%
9%
.
8%
3,900
31
31%
23%
45Va
—No par
par
!
24
*8%
1100
—,
preferred ___Tr;_I__L_ No
13 Va May
•
12'A
13
51 Vz
4%
1
—No par
_No par
*49 %
28%
No par
com
—
preferred
11
Oct
Inc_
Aircraft—
97 Va Jan
64 VA
pfd ,_—100
preferred
$3.75
9
*25Vz
5
Continental Can Inc'common——20
V
40
4,100
13
13
49
3'A
15
Retail Stores
July
,
6,200
*12
13
*10
48%
*13Va
preferred
$5.50
18%
15
11
11
*10 V,
19
%
92%
*10
23%
Corp—1.33%
Continental Baking Go com
18
18%
31
11%
24 VA
17
Container-Corp of America com—20
13
97
Sep
40 «■' May
22
Tan
95
17% July
>92%
37% Jan
3-3% Jan
27"
19%
49
*8%
30% Jan
13
12
19
19
48%
*11V8
106% Jan
4,200
13
18%
*10'A
24
1
105 Va Jan
17,400
18%
11
24%
22"A
Grocers
Consolidated
177A
19 V4
11
■
49
Consolidated Textile Co Inc—__10c
'<•; Jan 26
9% Jan
3
17%
18%
A. 19
48 Vz
106%
Laundries Corp
Consolidated
18%
18 Va
11%
24 Va
No par
_<
Consolidated
RR
18
19%
24
of N Y com___No par
preferred
Consol
700
97
Corp—5
Consolidated
7
10,
Coppermines
Consolidated Natural Gas
22
19%
48 Vz
*97%
No par
Publishing Inc
Consol Edison
Jun
99% May
Nov
Oct
18V4 Jan
Sep
15'A May
15% July
35%
90, '
Oct
10% Mar
29 Va
41% Jan
*18%
31 Va
*92
48%
100
preferred series——;
106% May
106% Dec
Sep
Dec
Jan
16% Mar
98% July
100
-
19 %
*19
31%
24
10
common
Consolidated
xl8Va
11% Mar
19%
18%
19
13
39
Congoleum-Nairn Inc
1—No par
Consolidated Cigar—^^
No par
$5
19%
*10%
32
21
8
19 VA
*11
9
*38%
Elec„10
25
4
19
19%
»;
13%
*31%
25
Jan
19%
15%
15
19'A
12
Co—z——No par
4% Jan
23
92
14%
4
1,900
26 Va Jan
107% Jan
31%
92
15%
"
8%
29 V4 Jan
5
32 Va
92
15%
92
8%
25% Jan
3
31%
92
16
A
8%
32
21% Jan
xl0€% Jan
32 Va
92
16
19%
51%
Dec
Dec
640
92
16
*49%
x24%
July
100
61%
16%
*91 VA
16%
iiar
No
*8%
25 Va
145
61 %
*1100
18,100
26Va
108'A
*142
61%
*1100
lTVa
25
Feb
32
145
*61
22%
9
No par
Mar
*143
61%
9
Conde Nast
'
145
61%
*1100
Shares
9%
common—No par
Commonwealth Edison Co
3"
*141
61 Vz
for
the Week
S per share
22 A
7
7/
146
Sales
Jan.28
11
8
11
S per share
22
9'A Jan
Jan
*19
32%
32 Va
Friday
Jan. 27
$ per share
61%
200
Thnrsday
$ per share
*1125
82%
PRICES
Wednesday
Jan. 26
*142
10
82%
81%
Jan. 25
61 Vz
2,000
22 Va
27'A Jan
4
92
HIGH SALE
Tuesday
900
30%
139%
3A
Jan
May
81 Vz
5Va
%
30
.11 Va
25 Va Jan
May
83
5 Va
139%
.
30%
140
10%
28 Va Jan
6 %
*81%
5 Va
700
22
117A May
36% July
8
32%
*91 Va
I6V4
C'ommonw'lth & South com—No par
22
Jan
83
*1150
*32
.
5>/a
30 Vz
*81%
83
145
61%
5'A
30%
*138%
$ per share
145
.
140
Jan. 24
61%
5%
30'A
*138%
Monday
150
;>
29'A
22
preferred
Commercial
7
Jan
89%
Carbon
Commercial Credit
3.60%
30%
140
*28%
11 %
29% May
37%
*81 Va
5Va
30%
*138%
30
4,300
22%
Dec
Sep
83
*5 %
30%
140
20
■14%
22%
Dec
-4,
30%
*138%
29
,44
14%
11
Nov
21
5Va
30%
140
5VA
29%
73
*71%
*42
.
22%
,8Va
103%
29%
5 Va
29%
72 '
22%
27%
-
*28%
5%
30
72
11 Va
53% July
106
29%
29 Va
30
•73
22 Vz
28'A
Feb
14%
*71 Vz
72%
.
22'A
Jan
Dec
45
*71
11
36%
Nov
*42
14%
290
1,400
108
52 Va
cCombustion Eng-Superh
Jan
*108
,
22%
Feb
98
108
4,300
11 Va
18%
12
*106
25 Va
22%
Columbus & Southern Ohio
: Jan
108
40%
112
22%
Columbian
95
*106
>111%
.24%
.
10%
13
July
39%
25%
22 Va'
26,
7
41
111%
*25 Va
22%
32Va Jan
24
40 3 a
111 Va
25%
108
V,
11
33% Jan
24% Jan
30%
111%
25
22 Vz
3
49% Jan
40 Va
*111
25
22 %
3
2'A
*106
*
41
111%
10%
35 % Jan
6
40
111
800
85
22Va
29% Jan
90
40%
29
185
*82
22 Va
Jun
xl6
85
2,200
1,200
cl A—2.50
Apr
•
185
*82
17%
Inc.—No par
System
37'A
17
28%
*155
•
-2.50
Gas
43%
Jan
*28%
*155
28%
*14%
*10%
Dec
22 3f
28%
28 %
14%
.*13'A
Feb
47% Jun
16%
43
100
35%
Jun
17%
14%
preferred—100
$4.25 cum preferred w w
27
*17%
85
108
11 %
B—
Columbia
21
17%
29%
'
19%
Broad Sys Inc
Columbia
*17%
185
*106
19%
2nd
85
43
61%
1st preferred
7
*80
■
*62
111%
*""1,200
29%
7
85
6%
*155
39%
;
*29
7
*80
85
*111 Va
4,700
7
185
25
11 %
28%
104
28%
25
20
non-cum
29%
330
1,400
44%
£5
*82
25
18%
non-cum
29
101
7
*155
25
18%
4%
2)
30
.21%
44%
*80
14%
*146
No par
4%
21
%
44%
85
$ per share
20
Vz Jan
*28%.
ltll
21
44
41 Va
*81
No par
11% Jan
13
44%
101:
*21%
21%
44%
185
*1150
preferred
100'A
21%
*82
40%
111 %
Southern Ry com—100
conv
Colorado &
7
8.900
14%
No par
Iron Corp com
29 Vz
*155
Saturday
No par
29'A
41%
No par
Aikman
729%
18%
LOW AND
■—
29
100
•'
Jan. 22
Corp
29,100
35
85
r
17%
30
55%
14%
,
Mills Inc—
17% July
Jan
44%-
29
54%
72 %
30%
100
preferred
Dec
90
21%
44%
18%
30
34
55%
43%
*138%
(The) common_No par
Internat
<te
9 Ve
49
21%
44 Vz
7 Va
*33
34
*41
■
Colgate-Palmolive-Peet com—No par
7
Jan
17% Jan
92
Nov
7%
21%
29
9.300
55%
*70%
STOCK
A
19% Jan
Feb
9 Ve
11
34% Jan
27
•
18'A Jan
YORK
Coca-Cola Co
152
1075
Jan
Feb
99%
7
300
4%
57
29%
28%
100%
*80
800
16%
4%
*55%
15
*29
Par
6
45%
Feb
29 Va
100%
7%
6,700
56%
55%
V
4%
31%
36
56%
V 2 .9
29%
31 Va
57
72 %
_100
$ per share
3
Nov
Va
15
101 %
4%
*55 Vz
43%
No par
EXCHANGE
.
5
Jan
60% Jan
1075
July
Highest
t per share
Jan
63%
July
NEW
Range Since Jan. 1
Highest
*34
4%
57
*14%
1
preferred.
36
55%
4%
.
*41
—1
com
*29%
'
*70%
50
r_No par
1
*55%
108
*106
gtd—50
—,
2nd
*24%
-4%
56'A
*35
'
STOCKS
Year 1948
1332
Co, 7%
stock-
Corp
cum
*111
t__l
preferred
4l/o
28
39%
No par
com
industries Inc
Range for Previous
Lowest
134%
RR
Peabody & Co
7%
12
Jan
85
4%
,85
17%
30
16
29
*80
185
*82
No par
—
Molybdenum
Jan
*29
*155
100
Special gtd 4%
Climax
10%
Dec
Illuminating com
Pitts
17%
100
preferred
35%
Feb
75%
Jan
15'A Jan
*17.%
13 Va
*15%
56%
57 Va
*7Va
85
20
Graph Bronze Co
in
7 Va
*80
100
com
preferred
$4.50 preferred—:
27
26
78 Vz
70%
Cleve Elec
3
Jan
Nov
100
5
non-rum
25% Jan
63%
May
5%
7%
5
s
Clark Equipment Co—
8
20
Jan
105
34
No par
C C C & St Louis Ry Co
Jun
111%
No»par
City Stoves
176
88
I T Financial Corp.
5
36
100
com
i
42% Jan
7
56%
8.50
Elec
&
preferred
May
18% Jan
*35
56%
*12%
"
58
{36%
29%
48% July
28
36
*35
4%
13%
16
13"
16
*56
25
33
16% Jan
4%
55%
2.50
Dec
Apr
4%
55%
Co
Corp
Cincinnati
4%
1
.100
common—
preferred—
Jan
May
II,900
13%
Nov
6%
900
800
7%.
31%
19%
Jan
4%
14
36%
10
32 Va
4%
32'A
24%
21
31%
•
36
18
84%
7%
9
13%
Conv
24'
Dec
4%
7%
200
1,000
8%
35%
Chile
Jan
27% Jan
Dec
9%
16%
16 Vz
8%
"4 Vz
■
*9
17
8%
35%
Chrysler
Jan
51
Jun
Jan
7%
22 %
6,300
13%
8
36
Jun
29%
7%
4%
7%
9'A
300
2,500
10
32%
7
27
65%
Feb
15%
*4%
17
4%
10%
9%
13%
Chic
20
Nov
75%
5
*9
9 %
17
45/a
10%
-
35%
$3
50%
Jun
*9
1,200
32%
com
5%
23 %
27
17
9 ",'8
84%
'
,
9%
17%
300
12,100
No par
Chicago Sz Northwest
Jan
60
9 Va
17 Va
'
3
i/4
800
33
preferred
100
Chicago Pneumat Tool com__No par
Jan
Jan
*4%-
■
Ry Co class A__25
& Louis
Series
*5
7%
27%
*84
10%
9 Vz
*7%
32%.
10%
10Va
5%
500
1,800
94
*27
4%
10%
36'A Jan
Jan
A'A
8
5%
15
Jan
23
*92
10%
23
4
94
*7%" V
25%
23%
*24%
23%
*92
11%
28
34
25
*23
94
''
33% Jan
53
8,900
10%
12% Jan
Jun
12%
•IOTA
49% July
Apr
11%
11%
com
Dec
4%
12%
83 %
_100
A
Dec
42
4,500
10%
8% Jan
63% May
20'A
10%
33% Jan
Oct
20 Va
*5 V4
3
Feb
100
20%
*11%
28
31
7%.:
1,000
7%
33%
*27%
11
7%
40
Jan
44%
*
'
25
23%
*92
•
12 Va
26
23 Va
94
8»A
Va
*25%
23%
*92
*7%
8
25 Vz
23%
94
AA
No par
Class
Dec
2%
•
'
'A
Chicago Corp (The)-.:
:
1
Chicago Great West Ry Co com—50
5%
preferred
50
30% Jan
19% May
23%
*23 Vz
*92
preferred
25%
26%
*'-26
No par
-
13%
Feb
17,000
13%
No par
26
Nov
11%
•11%
No par
33%
14%
I,400
5
com
41% July
23% July
10
32%
_1
Co
& East
XI1 %
11
31%
18 % Jan
28
7
13 % July
Apr
Chic
11%
11 V'V
200
*10 Va
Chesapeake Corp of Virginia
5
Chesapeake & Ohio Ry common—25
Feb
11%
60
84
32 V2
32%
:84
8%
7
Feb
33 Va
84%
10%
Checker Cab Mfg
Nov
32%
■
900
108
11%
7
7%
*84
800
7%
108
10%
8% Jan
4
84 "2
*34
300
22
*7%
108
200
18
22
7 VA
*7%
18
'9
108
33 Va
11
108%
22
7%
8%
Copper Corp
convertible
300
22
*7%
7% Jan
3 %%
22
8%
Jun
7
10,700
5%
*7%
Products
Champion Paper & Fib
$4.50 preferred
21
1.900
10%
5%
11%
15%
Jan
16%
10%
8%
7
34% Jan
•16%
5%
11%
14
84
3 7
10%
*7%
24% Jan
28% Jan-
36%
10%
11%
94% Jan
7
*17%
IVa
84
32%
•
18
*17%
8'A
3
3
84
'
3,300
7'A
107
337A
■
160
24%
11%
3
5
'•
129 Vz
11%
27
Jan
33%
-:V
103%
24%
*106%
107
84 34
*84
35
•
„
107
107
22
7%
103%
*128%
*7%
Jan
79
: VA
23
120
25
129%
9.50
Co
% Jan
31 Va Jan
.
104
25
'
25
27% Jan
*17%
18
1
22
Jan
138
*303%
12;)%
92% Jan
Jan
104 %
104%
Jan
May
*103%
25%
Jan
90
104%
129%
Jun
30
*103%
*103%
33
45%
15,800
104%
25 Va
26%
Dec
2,800
29%
,;'103%
129%
100%
Dec
53 Vz
28%
25%
Feb
25% Mar
53%
23 Vz
129%
Feb
76%
53 VA
29
*136%
25%
Feb
31'/a
53 Va
30
138
128%
17%
Dec
53%
29%
25 Vz
24 y2
7%
53 %
29%
123%
90
Belt
*136%
53%
29%
No par
Sugar
'
Chain
136%
53 Va
No par
Century Ribbon Mills
300
1,600
5,300
54 Va
25%
pfd
2,500
30%
129%
vtc
200
13%
12%
19,000
53 %
25%
Co
Corp
13
36 Va
*128%
Jersev
Central
18
136
30 %
-100
West
11
Jan
136%
36
13
27%
35'A
*34
34%
29%
85
14
27
*135
36
•26%'
27'A
-
53'A
*84
21
de
35%
34%
30 Vz
108
21% Jan
Cerro
37%
*7%
7%
27
35
53
107
South
Certain-teed
*7'A
27%
"
No par
'
Jan
8
7%
26%
30 %
100
Violeta
15
7%
18%
20
13
*31
7 VA
36 Vz
37
__100
13 %
32%
*
7%
Corp 3.40% pfd—100
31% Jan
13
*31
33
37
No par
Light 4Vz%
530-
32
A 7
111
Central
19
Dec
*31
7%
Hudson G & E Corp__JNo par
11 % Jan
10'/a
32%
Central
27
39%
13%
*31
*7%
3
Jan
Jan
*13
■
Sugar
1,200
104 %• 104%
104%
13
13 %
13 %
*31 Vz
7% Jan
Jan
104%
32%
10
_50
1_1
13
84
104%
*34
7'/a Jan
108
104%
25
preferred series B
3
104%
34'A
5%
3
104%
-6Va
27%
8
81 % Jan
104%
1,400
-55
6
34%
24% Jan
104% Jan
104%
*53
6 Va
27
26
Jun
104%
55
/
Shares
13%
13%
14%
*53
27%
Jan
May
*13%
.7*6
6Va
34%
:
Ry Co vtc
83
6 Va
26%
Foundry Co
7
108 :
14%
55
6'A
20
24
Oct
14%
*53
.„
6%
*33%
preferred
Nov
74
14%
55
6 Vz
26%
;
Corp_
common
Ga
14%
*53
6 %
for
the Week
.
34%
common
21
Jan
15%
55
6%
Sales
Jan.28
rf per share
26%
preferred—
Corp
14 'A
*6%
.104%
Celanese Corp of Amer com__No par
$4.75 1st preferred
No par
22%
May
Iper share'.
*33%
preferred 47o series
&
*53
Friday
Jan.27
f per share
/
No par
common
37% Jan
28% Jan
100% Jan
Corp
5
Carriers
*
55
*
Thursday
Jan.26
pet snare
„5
17
.
15 %
*53
V
100
Light
7% Jan
4
131.
7
&
32% Jan
14'
Wednesday
Jan.25
I per share
*14%
10
—1
19
HIGH 8ALK PRICES
Tuesday
Jan. £4
t per share
!
common-—1
:
Inc
Clinch & Ohio Ry_
34% Jan
July
18%
A
Airlines
Carolina
3
Jun
*
preferred
Carolina
Jan.
LOW AND
Monday
Jan. 22
Par
Carpenter Steel Co
Jun
39%
Capital
13
6% Jan-
147% July
68% May
Nov
22
Capital Admin class A
17
24
12% Jan
130,
17
Jan
24
32
Jan
52%
Jan
34% Jan
May
(503)
RECORD
Saturday
V
t
v
27% Jan
19% May
Dec
.(■
104% Jan
43 %
; 35%
.\
A;
5
Dec
9
:•
17
Nov
CHRONICLE
V- :
-
10
Jan-
STOCK
„
Jan
32
Jan
•
,
STOCK
EXCHANGE
26% Jan
July
12'/8
.
15
YORK
FINANCIAL
'
$3
30
6% Mar
NEW
Highest
'
$.per share
tper share
8% Mar
48%
YORK
STOCKS
Year 1948
Lowest
$ per share
&
2,100
660
80
36
-
36
2,300
*96
97
20
14%
14%
14%
14%
89
14%
14%
14%
87%
£7%
86
88
35 Va
85%
34%
86 %
35%
'250
34%
58%
35 Va
33%
*97%
34 Vz
93 Vz
10,200
*97%
98 Vz
*97%:
8% '
62 V2
8%
62
8%
62%
8%
62
98%
3,900
100
8%
v: 8%
8%
700
62%
CV/a
62 Va
1,800
COMMERCIAL
THE
(504)
20
8% Jan
7
Jun
51% Jan
26
56% Jan
18
Continental
Apr
14% Jan
28
15% Jan
3
Continental
33
Jun
26
Jan
55
-July
54
Feb
69%
Mar
14
Per
19%
19% Mar
Steel
Corp
No par
Steel Co common
5
pref 5% series
50
Jan
5
55% Jan
10
Feb
21%
Oct
17% Jan
19
19% Jan
6
Mar
50%
Nov ;;:
49 % Jan
4
51
Jan
8
Convertible
42 %
Jun
10
Jan
3
11% Jan
7
50
Nov
Feb
15%
Cornell Dubilier
9%
X49% Mar
13
20% Jan
Oct
Nov
23%
Nov
97% July
86
Oct
98
20
Corning Glass Works
25
3
98% Jan
6
Cum
21
Refining
Products
Corn
7%
5
100
100
25
100
1
1
common
preferred
pfd 3%% ser of 1947
3%%
61% Jan 24
66% Mar
Dec
56%
12
Jan
com
!
preferred
Jan
28
3%
Dec
5%
Jan
3% Jan
7
3% Jan
26
1%
Dec
3%
Feb
2
Jan
3
2% Jan
8
Inc
Coty International Corp
Feb
39%
Jun
29 % Jan
4
32 % Jan
7
Crane
Jan
14
29
98 %
Sep
9 2'A
99
Coty
3
9% Jan
19
Creameries
25 % Jan
12
Cream of Wheat Corp
Mar
24%
23% Jan
17%
Nov
26% May
16% Jan
28
19% Jan
7
36'/a
Dec
46% Mar
36"% Jan
3
41% Jan
24
23%
Dec
34%
24% Jan
3
Dec
78%
Jun
66
Jan
6
72% Jan
24'
Jan
28% Jan
17
30 % Jan
10
Cuba
17% Aug
14% Jan
19
15% Jan 27
91%
Feb
129
20%
Dec
Dec
Feb
155
20
13% May
7% Jan
3
67%
Dec
88
July
67% Jan
17
11%
Dec
17% May
12
15%
Dec
24%
16% Jan
122%
Feb
150
Dec
61
May
3
14
129
Jan
19
4
50
Jan
19
Class
7
Jan
21
24% Jan
28
26% Jan
7
5
26'% Jan
28
91
20
x31% May
21% Mar
8
Jan
9
24% Jan
3
20
137
A
Cushman's Sons Inc 7%
18
50%
17%
17%
51
50%
51
110
10
10
1,400
53'A
52%
52%
10%
10%
53%
53%
53
■;'//,
*99
100
*99
100
*98'%
100
20%
59 %
61%
174%
174%
3%
3%
2'A
2%
60
61%
60%
174%
20%
21%
175
*2
2%
32
31%
*97%
100
*97%
9%
*24
9%
2.4%
900
3%
600
4,100
31
99'A
*24
100
9%
1,600
24%
9%
9'A
*24%
170
2%
*97%
24%
*9%
9%
24
3%
100
30
9,900
176
30%
31%
270
60%
,
*2
2%
31%
5,000
98%
175'A
3%
3%
3%
3%
*2
59%
175
175
-250
100
98%
60%
:
21%
21
100
*98%
6£s>
99%
21
*99
22
2,300
17%
10%
17%
10%
100
54%
300
4,100
18%
17%
17%
17%
18
17%
17%
16%
17%
40%
40%
*39%
41
*40%
41%
40%
40%
500
25%
25%
25%
25%
25'A
25'A
25
25 'A
2,900
96%;
97
96
96
*95
100
97%
97
100
23%
97
*95
23
72%
178
8
70
12%
18
7
7%
123% 128%
96
22%
23
100
*95
23
22%
24
71%
71%
71%
70
29%
29'%
29%
29%
29%
15
15%
15
15
15%
15%
-
'160
8
69
17%
8%
8
/■/>: 8
8
3,000
73
*71
73
200
*12%
17%
17%
6%
12%
12%
7%
6%
300
12%
17%
200
6%
6%
7,400
*17
80
127%
127%
127%
50%
49%
49%
49'A
49%
600
8%
8%
8%
8'/4
8%
23,600
22%
2,000
128
140
25%
25%
*126
22%
22%
*132
140
25%
25%
3,400
8%
22%
22%
132
490
15%
*49%
8%
8%
29%
178
178
17%
*126
50
49%
15'A
8
6%
129
129
29%
73
*160
12%
*17
7'A
20
400
71
*68
8
12%
17%
7
630
5,100
22%
73
7%
*70
12%
*12%
23%
140
.
■
■
*160
178
*160
178
8
69
50
22%
70
29%
8
140
96
22'A.
7V/*
*68%
*12%
*17%
*49%
8%
23 %
*132
25%
98
•
29%
15%
*160
25%
*97
,97%
100.;
*.96
72%
127
127
*49%. 50
8%
8%
23%
23%
*132
1,900
*54%
*50%
18%
53%
9'A
27%
51
17%
*50'/a
10'A
99%
1,100
27
54%
*54%
53'A
21
15
28%
*10
*98%
8,800
14%
41%
25%
18
7%
7
140
*132
140
24%
25%
25
25%
22%
22%
22%
*132
24%
2,400
26%
6,600
25%
25%
26
No par
Inc
Cutler-Hammer
*17%
100
pfd
18
50%
9,400
15
17%
13
*12
No par
No par
1
1
preferred
preferred
Curtiss-Wrlght common
$7
Jan
13G
July
137
1
Prior
22% Jan
Sep
28%
Feb
Jan
3
7% Jan
12% July
Feb
4%
18%
133
•; 7%
7
Jan
Inc
Press
Cunningham Drug Stores Inc—2.50
Curtis Publishing com
No par
7
Jan
6% Jan
122
Aug
47 Va
7
Jan
18
4
Cuneo
54%
72%
*160
8
*68
100
—5
*54%
23%
*72
100
10
preferred
54%
7'A
52%
52%
•'1
41
18%
42
25"%
25%
*96%
97
*95
100
14%
preferred
*54%
32%
29%
4%%
28
24
14%
178
8
70
Cudahy Packing Co common
8
28%
24%
29%
27
Jan
13
4
Jan
Jan
47% Jan
13% July
Feb
7
Jan
73
*28%
99
14%
pfd
29%
31%
29%
non-cum
28%
99
100
6%
RR
14%
31%
*41
23%
15%
100
9%
Cuban-American Sugar common__10
7%
8% Jan
Dec
7%
7
Jan
Jun
177
Apr
4
24
3
Jan
25
Jan
96
4
Jan
96
Jun
28%
65% Dec
12%
Jun
8
97% Jan
94'% Jan
103% July
Dec
27% Jan
25
*18%
34
Jun
95
25
2.50
No par
Crown Zellerbach Corp com
5
$4.20
preferred
No par
$4 2nd preferred
No par
Crucible Steel of Amer com__No par
5% conv preferred
100
15
9%
32%
preferred
$2
*14%
15%
Shares
7
52%
3%
2%
2
31%
*99
100
9%
25
52
*24%
31%
2 /
(The)
53
51
10%
54
3%
2%
*98%
9%
1
America
Cork & Seal com
Crown
*174% 176%
3%
3%
25
14
of
61'A
*2
7%
51%
*22
22%
99
99%
*98
99%
61%
61%
174 % 174%
22%
99%
99%
100
common
preferred
Jan
5
x21
Co
3%%
8% Jan
99
Jun
Jan
13
Dec
8%
176
6
171% Jan
Mar
177
Oct
164 V2
7%
53%
15'A
29%
54%
18%
10%
99% Jan
7%
52%
55
54
54% Jan
Jan
57
10%
53 %
22
10
92 % Jan
July
10%
53%
*22
*98
*98
61%
4
-
■
1
Electric Corp
Corn
Jan
94
55
18%
51%.
Exchange Bank & Tr Co—20
4
Jan
51
57% July
18
88
>
Copperweld
29%
9 per share
7%
7%
7%
the Week
Jan. 28
9 per share
$ per share
$ per share
for
Sales
Friday
Jan.27
Jan. 26
Jan. 25
7%
7%
53%
15%
29%
*54%
17%
*50%
7-%
55
15Va
29%
*54%
*18%
V*50'A
common___5
Cooper-Bessemer Corp
$3 prior preferred
24
29% Jan
3
Oil of Delaware
7%
54%
*14%
■
Thursday /
Tuesday
I per share
f per share
1
5
14
Continental Motors
28
7
Jun
HIGH SALE PRICES
Wednesday
LOW AND
$ ver share
$ ver share
Jan
10%
46%
Highest
Lowest
./•'
$ t)*>r shirg
Feb
6
Monday
Jan. 24
Jan. 22
EXCHANGE
-
« per share
Saturday
STOCK
NEW YORK
Range Since Jan. 1
Highest
RECORD
STOCKS
Year 1948
Lowest
STOCK
YORK
NEW
Range for Previous
Monday, January 31, 1949
CHRONICLE
FINANCIAL
&
26
91
25 >•*', -25%
91
91
*90
92
*91
92%
*91
92%
*91
92%
14%
14
14
14
14
*13%
14
*13%
14
*13%
14
15%
19%
*15
15%
*14%
15%
*15
15%
D
19
Sep
30%
Jun
22% Jan
85
Oct
94%
Jun
87
13%
Dec
20%
Jan
13'% Jan
Jan
Jan
747
Dec
17%
Jan
15
13
Feb
28% July
18'A Jan
28
24%
Feb
31% Aug
26
'A Jan
3
Jan
13
5%
7
Davison
19%
18%
19
1.300
29'A
28 'A
28%
5.000
100
94%
94%
94
94%
*93
94
93
93
*92%
94
94
94
95% Jan 21
A
Preferred
3.75%
series B
100
95
95
94
94
*94
95%
95
95
•94
95%
Nov
94
Jun
92
Jan
Sep
94
Jun
92 % Jan
11
95% Jan
20
15%
Jan
9'A Jan
3
10% Jan
8
8%
Decca
Sep
13%
Jan
8
Jan
27
Dec
42
Jun
27
Jan
3
29
Jan
12
31%
Dec
46'/a
Jan
32
Jan
4
34% Jan
24
29%
Feb
34% May
31% Jan 73/
34
Jan
24
3 8'A
Jan
50%
Jun
88 'A Jan
4
40% Jan
21
7%
Feb
13'A July
8 % Jan
3
9% Jan
7
14%
Feb
39% July
24 V4 Jan
4
27% Jan
7
58
47% Jan
4
50% Jan
24
20
Apr ;
'7
56
Dec
7
Dec
7
8%
July
7
7%
58'
Jan.10
57% Jan
10
8% Jan
14
9% Jan
7
23'A Jan
17
24 'A Jan
22
12% Jan
22
11% Jan
8
Dec
16%
Jan
19%
Dec
28%
Jun
19% Jan
3
22
Jan
46
Jun
38
Jan
4
40
Jan
7
46% July
42
Jan
6
45% Jan
27
Jan
3
12
Jan
26
35"% Mar
Feb
38
Dec
.7
13.,
xl9% May
13%
v
11
19% May
Mai-
11
25
Nov
-
13% Jan 27
15% Jan
6
26
17
Jan
8
Divco
41
Jun
27'A Jan
3
30
Jan
18
46%
•~us,
Dec
56
Apr
10
Dec
23
Jan
10% Jan
51
7
48% Jan
11% Jan
3
;
Jan
'
'
Dr.
-v
29% Jan
3
Jan
19
Feb
12% Jan
3
15% Jan
11
Nov
67%
Apr
49% Jan
3
54
Jan
7
32%
Feb
50%
Oct
47
97
Feb
106%
Jun
104
Jan
6
105
Jan
11
90
Feb
106%
Oct
103
Jan
4
108'A Jan
21
26
Feb
40
Jun
33
Nov
31%
Jun
19'% Jan
3
22% Jan
83
Jan
98
July
84% Jan
3 7-
Dec
20
May
12
3
13
12%
Dec
18
May
12'A Jan
Jan
13
27
Jan
Jan
187% Jan
4.
13
5
21
188% July
179
Jan
124'%
Jun
120% Jan; 11
Feb
99%
Jun
97% Jan
3
101
Jan
27
Jun
113% Jan
3
115% Jan
12
Jan
10% Jan
Mar
164
113%
94
116
111% Aug
15%
Dec
10%
.
iJan
Preferred
12'A Jan
Range for Previous
kear
Lowest
Lowest
I per
t perjhare
NEW
28%
33%
33%
33%
33%
41%
40%
40%
8%
9'/«
12,100
33%
600
40%
*40%
40 3
8%
'/ft
8%
8%
27'%
33%
4
800
8%
5,100
26%
27'%
26
27
26
26
25%
26%
2,600
50%
50 3'4
49%
50%
50
50%
49
50
49'A
49%
2,800
21%
21%
21%
21%
21%
21%
21%
21%
21%
21%
8,300
27%
27
.
"
50%
21%
61
9
•
*58
61
*8% :7.97'/
61
,*58
8%
9
*23%
12
21%
61
*58
*
61
*58
2,800
8%
8%
8%
8%
8%
8%
*23%
24%
*23%
24 %
*23%
24%
100
12
12
*12
12%
*12
12%
12
12
700
22
22
*21%
22
21
21%
500
39%
39
21%
*21
21%
61
*58
25
*23%
24%
*11%
1,400
39 %
39%
39%
39%
40
40
39
*44%
45%
*44'%
45%
45%
45%
45
45'%
44
11%
45
ll-%
14%
14%
9
8%
800
33%
*33%
40%
40%
40
9%
,
27%
33%
34
33%
*33
33%
*33
28
28
34
33%
34
34
27
*11%
11%
11%
11%
12
12
12
12
12
12
2,600
%
14%
14%
14%
13%
14%
13%
14
13%
14
16,100
14
%
39
%
44
700
%
500
15%
30
15%
*14%
15%
14%
14%
14%
14%
14%
14%
30
*28%
29%
*28%
30
28%
28'A
*27%
28%
*50
51
50
50%
*50
51
*50
51
50
50
*49%
50%
150
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
1,300
32%
33
32%
32%
32%
32%
32 7.
32%
31%
31%
2,300
5
*11%
32 %
No par
*15%
100
8
32 %.,
16
c
53 % i
50
50 %
*104% 105
*107% 108%
.
13%
187% 187%
*120% 121 %
*99 : 100
*114% 115
-
YORK
13%
51%
51%
1,000
49%
48%
49%
6,100
4,700
104%
104%
104'A
104 %
104%
107%
107%
106
106%
105%
106
21%
22%
*104%
105%
*104%
105%
104%
107%
107%
*107
107%
22%
99
22%
*86%
88'%
*86%
88
*85
88
*85
*12%
13%
*12%
13%
*12%
13%
*12%
*12%
13
*12%
12%
12%
12%
12%
12%
500
186%
185%
186%
4,900
121
121
121
400
100
101
*99 %
101
400
114%
114%
114%
114%
180
*11'%
11%
100
99
*86%
88%
*12%
14
12%
.
12%
*120%
99%
*114%
*11%
%
186
187%
185%
187%
185%
121%
120%
120%
120%
120%
*120%
100
100
99"%
115
114%" 114%
11%
11%
12%
101
-100
115-
*114%
12
*11%
12
*11%
600
1,600
21%
19,400
87%
13%
t per share
I per
Sales for
the Week
Jan. 28
Jan.27
Jan.26
$ per share
Friday
Thursday
Wednesday
Jan. 25
I per share
21%
HIGH SALE PRICES
Tuesday
Jan.24
share
22
21%
187%
187
LOW AND
I per share
13%
52%
49 /
49%
Monday
I per
13%
49%
Jan. 22
Par
14%
52%
50
49%
Saturday
STOCK
13%
53
53%
50 »/a
12%
*11%
13%
*52
53
*52
53 >
12%
*12%
14%
13%
14%
100
49%
•
21%
88%
13%
21%
*86%
*12%
No par
No par
1st pfd
*14%
*28%
53 %
EXCHANGE
'Highest
share
28%
34%
STOCKS
•
*
Range Since Jan. 1
IMH
Highest
f per share
$3.50
Duquesne Light 5%
DWG Cigar Corp
10
28%
29V4
33%
*14%
*28%
;
series
series
$4.50
Preferred
121% Jan 21
28%
*28%
*44
•
No par
common
15
$4 preferred series A
No par
$3.25 2nd preferred
No par
Dresser Industries common
50c
3%%
conv
preferred
100
Dunhill
International
1
Duplan Corp
No par
Du Pont de Nem (E I) & Co com__20
86% Jan 21
12
xl8%
8%
3,500
8%
24%
24%
11% Ml %
*21'A
22
*39%
40
Douglas Aircraft
Dow Chemical Co
50'A Jan 21
Jan 73/:-
1,100
8%
34
50
21%
*58
No par
Pepper Co
Corp
Dome Mines Ltd
24
Nov
9%
8
No par
Doehler-Jarvis
11%
29
9%
8 %
29
27
2
2
1
A
17
47
y ••■>.:
('•'
9%
8
9%
25
:
Dixie Cup Co common
21
9%
8%
No par
Corp
Class
9%
8%
9%
12.50
Corp-Seagrams Ltd
Distill
14'% Jan
*9%
8%
9%
No par
common
partic preferred..
Diamond T Motor Car Co__^
Oct
9%
8%
*40%
1
6%
20%
Dec
9%
8%
41%
5
30
9%
8%
33%
-
130
94%
*94
9%
33%
100
com
Corp
Match
Diamond
28%
*40%
pfd
Raynolds class A
Devoe &
26
29
9%
8'A
RR
Vilbiss "Co
De
11
for
for
Steel
Detroit
19%
28%
33%
100
Detroit Edison
20
Detroit Hillsdale & S W RR Co__100
Detroit-Michigan Stove Co
1
21% Jan 26
3 /
Jan
20
Jan
19%
29%
50
Western
&
ctfs
ctfs
Escrow
19%
29
20
Lack
Escrow
19%
29
100
& Hudson
Delaware
19%
28%
*19%
29
1
No par
preferred
Delaware
19%
27%
9%
50c
Inc
Records
Deep Rock Oil Corp
& Co common
26% Oct
22% Mar
50c
Deere
13% May
60%
(The)
Denver & Rio Grande West
'.'l 21% May
:
.,
9% Jan
Corp
Rubber Co
Dayton
27 /
32'A Mar
50
200
series
84
V
25'A
25
%
3.75%
82%
Nov
*14%
15%
*147a
15%
24
25
24%
24%
24%
Preferred
Chemical
Dayton Pwr & Light common
29'A Jan 25
4
8%
7
20
1
preferred
conv
*90%
*13%
*15
*19%
27%
common—2.50
Davega Stores Corp
Jan 24
20'A Jan
14%
l
100
pfd series A
3%%
14
4
18'/a
15
Jan
Corp common
Dana
Shares
I per share
share
E
18%
18
Jan
3
20% May
14% Jan
28
19% Jan
Eagle-Plcher
13
16% Jan
7
10
Oct-
13
Dec
19%
Nov
13
Jan
24
13% Jan
7
Eastern Corp common
12%
Dec
22%
Jan
12% Jan
3
13% Jan
7
Eastern
38%
Feb
157
33%
Mar
82
10%
92%
16%
Dec
92
*■:
Dec
106
Jan
3
Jun
164
Jan
30
Jan
45% Jan
173
3
14% Jan,
«8
Jun
Jan
7
90
12
6%
19
18
4
Eastman
7
Jan
32% Jan
5
Dec
19% May
Dec
14
43
46% May
175
Sep
<30% Dec
Jan
Jan
10% Jan
28
98
Jan
20
98
Jan
8
5%
Jan
Jun
6% Jan
18
Nov
56:
Jun
39% Jan
3
i
Jan
Feb
16%
Oct
13% Jan
3
•15% Jan
32%
Feb'
37%
Jun
33% Jan
3
34% Jan
Elastic
21
7
1%
13%
6%
Feb
123%
Feb
19% Jan
23% July
Feb
139
1% Jan
2% May
Nov
'
<7 % Jan
r
43
3
7
12%, Jan
-24
3
Electric
Convertible preferred
155
Jan
28
160
Jan
139
Jan
28
144% Jan
18
Jan
3
$7
14
Oct
51
Jan
preferred
$6 preferred
Electric Storage Battery-
10
48% Dec
56%
Jan
49
12% Dec
17
Jan
12% Jan
28
13% Jan
7
Nov
27%, Jun
19% Jan
28
21% Jan
7
Elliott Co
Dec
74%
54% Jan 26
Jun
41%
Dec
49
55%
Feb
76
Jun
12%
Feb
42% Jan
Oct
20% July
9% Mar
12%
Jan
16%
57
3
76% Jan
14
13% Jan
7
Emerson
3
15% Jan
7
Emerson
6
15 % Jan
25
32% Jan
28
Jan
13
14% Jan
,16% Aug
Dec
34
Jan
30% Jan
3
Feb
104
Jun
100% Jan
24
6%
El Paso
24
Jan
97>
Jan
5%
12% Jan
66
xl4% Jan.
Dec
4% Jan
Nov
104
5
18
Jan
No par
Feb
16% July,
;
12% Jan
3
65% July
-*■56% Jan
3
61% Jan
Sep
68%
59
4
Dec
9%
Dec
7% Mar
preferred
Equitable Office Bldg
Erie
34%
Dec
3%
Dec
9
Jan
i
Jam...
Ti
4% Jan
41':
'
!■
4% Jan
9% Jan
„
n«ep
RR common
preferred series A
Pittsburgh RR Co
Eureka Williams Corp
Evans Products
Co
Apr
28
10% Jan
Jan
3
8% Jan
8
- Jan —4—49Va May" "♦"*36
4% Jan 21
7% Mar
For fonf*»v»»c
5%
24
28.
6
-
7
7
38% Jatni2
4% Jan
21
.
Eversharp
Ex-Cell-O
Inc
Corp
Exchange Buffet Corp
18%
15%
15
15%
14%
15
13%
13%
13%
13%
*13%
13%
12%
12%
*12%
12%
1,600
44%
45
43%
44%
12,200
18%
13%
13
13%
12%
13%
,45
45
45
45%
44%
*170
175
:
11%
.*96
6%
173
31
31
31
31%
16%
16
*88
*16
16%.
*16
16%
*16
17
16
*88
90
*86
90
*86
90
*86
11%
*10%
11%
11
11%
11
...
6%
6%
6%
15%
14%
35%
2
23 %
34%
34'%
*34 iV.'
2
23%
.23
158%
*157
7
141%
49%
49%
:j
v
2
23
•
7;
;
11
;•
*96
6%
•
6%
6%
14%
34%
34
2
1%
23'A
2
22%
157
*140
23%
22%
•
39%
40%
6,200
14%
2,100
7
34%
1%
1%
21%
22%
2
22%
-
,155
13%
12%
12%
;7l2%t
12%
13
13
20%
57%
20%
20'%
*20'A
20%
20
20%
56%
*54%
56%
54%
54%
*52
57
45
*44
45
45
*43%
45
3
4
5
100
1
No par
60%
50
5
8
*63 4%
*9%
*8
38
"
*4
*44%
75
75
12%
12%
14%
14%
75
75
76%
75
75%
12%
14%
12%
12%
12%
12%
15
15%
14%
14%
15
15
15
15%
*14%
12
31%
31%
15 v
15
*31%
32 „
*100% 102
5
5
14 %
14%
100
1
3
——2.50
45
56%
60%
68
4%
10
8%
38
5
*31%
100%
-
*4%
100%
5
14
14%
61
61%
*61
4%
*9%
8%
37%
*4
68
4'A
10
8%
38
4%
102
4%
14
60%
*61
4%
9%
8'/«
37
*4
102
4%
14%
12%
1,600
45
73
*12'A
300
</
74
12%
2,100
1,200
V
14%
14%
14%
3,900
15
15
1,100
31%
31%
*31%
32
31%
32%
100%
100%
100 %
100%
101 %
4%
4%
*4%
4%
4%
13%
13%
13%
14%
61
60
68
*61
4%
!
1.300
19%
56
i;
15
60
8'A
12%
*52
£
100
*14%
*61
9%
500
15
61
38
'
12%
!
4%
*9%
8%
4%
9%
*4%
9%
13%
600
210
102
4%
2,000
13%
15,900
60%"
*59
59%
68
*61
68
*4 %
4%
9%
,
9%
1,100
4%
9%
2,600
•
900
8%
8%
8'A
8%
8'A
4,000
*37
37%
37%
37%
*36%
37%
1,000
*4
4%
*4%
4%
*4
4%
■
Lr
700
49%
*43%
-
74
68
4%
19'A
~
74
14%
49%
12%
12%
21,900
139
-
20
600
14,500 rf
156
139
49%
20%
*43%
100
*33%
*12%
*56%
*42
74%
12%
14%
i
2,300
*14%
158
19%
\
I
11
14'A
■
140
12%
1,400 \
U
!j
*156%
*49
2,000
16%
,1.400
*139%
49%
;j
31'A
90
6%
157
49%
172%
*6%
6%
141%
49%
300
34%
14
••
*96
1,900
11,700
41'/«
'
*33%
2
31
10%
100
■
40%
41%
14%
7
31%
*96
100
33%
V: 141%
49%
30%
41 %'
158%' 158%
*139
'
14%
.41%
41%
42%
14%
2
.
100
*96
100
41%
*139
*170
172%
*170
31%
90
31%
-•'
*170
173
*170
18%
18%
45%
41"%
IS1/#
*156
159%
*139
141%
*49%
50%
50
Radio & Phonograph
Erie &
20% May
11%
Natural Gas
Electric Mfg Co
7
41%
15%
*34
: : 2 '
: 23
18%
15
13%
IS
conv
4%
14% Jan 21
Feb
45
*170
175
31%
31'A
*16%
16%
*88
90
11%
11%
*96
100
*6%
6%
18%
15%
*13
—10
50
common
Empire District Electric Co
10
Endicott Johnson Corp common—25
7
9%
50%
13%
No par
No par
preferred
preferred
5Vi%
6
43% Jan 20
14
29%
4%
Jan
13%
45
No par
Elgin National Watch Co
19%
X55
13%
*13
Elec & Mus Ind Amer shares
•
Electric Power & Light com—No par
Jan 20
Oct
147
Stop Nut Co—
Auto-Lite (The)
Electric Boat common
12
166
*13
13
100
2.50
100
1
5
3
preferred
4%%
7
11
16
13
Co new com.2
4%% preferred
Ekco Products Co common
20
39%
19
15%
Edison Bros Stores Inc common—1
8
11% Jan
Jan
19
16
10
100
Kodak Co common
preferred
Eaton Manufacturing
10
Jan
Stainless Steel Corp
19
15%
5
Inc
13%
19
1
10
Co
Airlines
Eastern
18%
15%
•
25% May
Dec
18
THE
Number 4773
169
Volume
COMMERCIAL
NEW
Range Since Jan. 1
li/+rt
iur
*
Nov
20
•>;'
54%
Jun
37% Jan
Nov
37
xl9 %
33 V4
Oct
22
Nov
Feb"
li
;; 16
3
41% Jan
7
24% Jan,
25
Jan
10
Fajardo
21
13
Falstaff
4% Jan
14
12% Jan
13
14% Jan
35% Jan
3
28
Dec
Jan
3
6% Jan
27
28% Jan
5
;
5
&
Co
No par
Co
25% Jan
99%
Jun
96
Jan
4
99% Jan
20
Dec
24%
Sep
19
Jam
17
20% Jan
5
28
17% Jan
6
67% Jan
20
Firestone Tire
Dec
26 Va
Jun
53 Va
Feb
69%
Oct
64% Jan
42
Dec
Jun
107%
45% Jan
Jun
53
103% Nov
105% Jan
49% Mar
59 %
14%
Feb
28%
Nov
Dec
49% Jan
19
July
59% Jan
26
17% Jan
14
38
38
17 VB
17
17
'5%
26 Va
26%
26
26 Va
25%
26
26
2b %
9y%
99% ■;
*98;
99 Va
98
99%
93
98
380
20 'A
19%
20
*'20
20'A.
19%
20
19 %
19%
700
16%
16%
16 VB
16'A
900
65
65
C5
65
800
6
12%
Dec
21% Jan
12% Jan
14
22 Va
Dec
40%
22% Jan
3
97/b
Co
10% Jan
11
28
28
29% Jan
8
Jan
3
90% Jan
18
Dec
91
Jan
11
95
Jan
26
23
Jan
28
25 3,4 Jan
7
Jan
24 % Jan
4
24% Jan
7
10'A Jan
y HVb Jan
11
9% Jan
11
8% Jan
6
Steel
&
28
27'A
27 V.
27%
27%
700
13%
13 Va
13%
13%
13'A
13^8
3,100
13
14
*9%
10
'9%
10 Va
27%
27
27 Va
88%
86
'94
94%
-
88
94 %
*94
24%
10
24 Va
24 Vb
23%
25
'24%
25%
'24%
No par
'10%
11
'10%
11
1
Francisco Sugar Co.."
Franklin Stores Corp
'8%
9 Va
8%
'43%
44%
'43%
44
Jan
13
12% Jan
25
10
Froedtert Grain & Malting Co Inc_l
207,b Jan
12
Fruehauf Trailer
68%
Dec
84
Aug
76
77
20
Co
preferred
14
94
94
280
23%
23
23
2,100
24%
24 H4
'24%
25%
*10 V.
10%
*10'A
8%
43 Vb
43 V.
12%
*11%
12%
19%
19%
10%
10%
*8%
9
*8%
9
44%:
43%
43%
43%
12 '/4
12%
12%
*11%
20
19%
20
77
*75%
77
«6%
6%
1
'6%
6%
250
94
19%
__l
1,800
10,600
83
26
*24%
8%
'75%
va
23'/a
12 'A
77
85%
95
19%
'75%
23
88
23%
12
100
9%
25 Va
9ib
9%
26%
*86 Va
94
19%
1
common
400
5,500
23%
12
Freeport Sulphur Co
23'A
95
'
17
9%
25 V4
13%
23%
'id
23%
23%
25
common
88
13%
24%
yj,.
26%
86%
10
*85%
94
88%
9%
25%
86%
26%
13%
24
y,:.
24%
27'A
9%
27%
100
prior preferred
4%
27%
14
24
100
110
28
13
conv
9,300
100
13%
24'A
1
400
2»%
25-;a
100
27%
13
Corp__10
100
1,600
17%
14
24
27%,
27
26%
.
6,200
o9 '/a
va
28
'27%
12%
19
Jan
100'A
24%
11% Jan
3
100V4
12%
10
Chem
pfd
3%% preferred
Foster-Wheeler Corp
6%
101
24 Vb
Inc
Machinery
3 V4 %
27
*100%
27'A
12%
Corp.
Food Fair Stores
Food
%v
26%
101
48%
107%
va
17 Va
17%
*17
17%
*17
17 V4
24% V 24%
42% Jan -;'5y"
Jan
b'J
'12%
19% Jan
Oct
'166
59%
No par
Jan
47%
107 "/a
59 Va
13%
24%
Feb
49'A
*106%
59 Va
49
13%
12% May
Feb
10
48 Va
107%
59 Va
TOO
101
GOO
4o%
49%
*106%
59'A
49%
26%
28%
27 %
28%
101
'100
65%
107%
49
106%
'27 Vb
177/b Mar
35%
65%
7 Va
Follansbee
9% Jan
May
66
17
16%
No par
Florsheim Shoe class A
23 % Jan
28 Va
par
Corp
Power
7
85
10
16%
65%
66'A
'65%
66 %
'66
No par
24 Va Jan
16% May
Dec
8% Aug
(The) common__No
preferred
13% Jan '27
38 Va May
Mai-
com
Carpet Co
Florida
Jun
25V8
22
Rubber
Florence Stove
Jun
92Va
10
16%
17
'16%
17
Flintkote Co
21
Dec
17
17%
Jan
Nov
1
17%
Jan
5,000
27
99 Va
26%
17%
14
1,000
'20
17%
28
1,400
5%
'98
17%
5
600
16%
5 Va
20 VB
26%
*
No par
Jan V 3
3874
16%
6
99 Va
26 %
Firth
Jan
*3/74
17%
■
'20
3
$4
13%
'98
5
com
■
59
7
2,100
V4
38'A
5%
58 Va
27
30,600
,13
17 V*
5%
58%
31% Jan
900
4%
13%
38'A
17 Va
5%
58%
13%
82%
38'A
17%
5%
'57%
27
24%
38'A
5Va
5%
No par
100 % Jan
12% May
13%
17
First National Stores
7
47%
13%
38
*16%
49 Va
28
*13%
13%
106%
25% Jan
1,800
2o
4%
5
4%
13%
14'A
38%
5%
4%
'
38
14%
6
4%
4%
4%
5%
48%
'98% Jan
105
4%
5
'38
preferred
(The)
1,500
22'A
•
106 Va
36% May
15% Jun
Dec
*24 V4
48%
Dec
Dec
22%
24%
106 %
Dec
9 Vb Mar
22 V.
24%
4o%
13
79
22
24%
'106%
26
27
22 Va
24%
25
Jun
Jan
38%
*22 Vb
24%
100
4%%
May
42%
xl04
38%
22%
24%
'16%
Mfg Co.-.
&
38 V.
22%
25
-? 14
Ferro Enamel Corp
24
106% Jan
16% Jan
20'/a Aug
96
Federated
Jan
53
39
38
22%
5
Fidelity Phen Fire Ins N. Y
17 Va
16 % Jan
33%
xnures
4
5
31% May
Feb
Dcpt Stores
preferred
the Woek
per.share
39
2
1
*
39%
*383/b
Sales for
Jan. 28
100
Feb
19%
4% %
I per thare
$ per share
Friday
Jan. 2>
$ per share
22 %
'24%
25
No par
Motor Truck
Felt St Tarrant
5
ThurBday
Jan.26
39
22%
'24 Va
1
Televis'n & Rad Corp
90
r20%
v
>■'
I per share
39%
22%
1
Corp
39
20
common
Brewing
Federal
SALE PRICES
Wednesday
Jan. 24
f per thare
Par
Fedders-Quigan Corp
Federal Mining & Smelting Co
Federal-Mogul Corp
17 Va Jan
Mai-
Morse
Sugar
Farnsworth
38% Jan
16% Jan
Va Feb
16
Monday
Jan. 22
Tuesday
Jan.25
Saturday
;."v '
21
RECORD
mF
Fairbanks
7% Jan
(505)
LOW AND HIGH
STOCK
>v'. :,':yy
21
43
Jun
20% May
12 % May
35
,
$ per share
Jan
•
Jun
Oct
11%
YORK
STOCK
CHRONICLE
•,
EXCHANGE
24% Jan
28% NOV
Apr
5
Highest
# per thare
$ per share
f perthare
NEW
FINANCIAL
'
Lowest
Highest
Lowest
YORK
STOCKS
Range for Previous
&
:
m;
77
*75
25%
10%
1U%
10 Va
200
8%
'8%
8%
200
43 V.
'43 Va
43
60
600
-/a
12
500
">
11%
5,900
*
20
19%
'24%
*76
Va
77
*76
77
r
G§
6%
Dec
6 Va
Dec
.16%
Dec
20
Jan
9
6'A Jan
3
67/8 Jan
7
6% Jan
10% May
10'A May
28
7% Jan
10
17% Jan
6
Gabriel
Co
(The)
'
17
Jan
28
9
Gair Co
Inc
(Robert)
preferred
6%
Dec
12
Aug
Jan
3
9Va Jan
10
38 Vb
Dec
48 Vb
Aug
38 % Jan
3
41% Jan
12
12%
Feb
17% July
13% Jan
14
15% Jan
24
16 Vb
Nov
23%
17'A Jan
17
17% Jan
4
Dec
6% Jan
7
Gar
27%
Dec
30'A Jan
26
20
(The)
Gardner-Denver Co
5%
com
16 Va
99 3 4 MaiDec
42
87,b
3
19% Jan
28
23 % Jan
7
13 Va Jan
3
15 Vb Jan
20
105%
103% Jan
Jun
Feb
106
3
27
10'A Jan
11 Va
July
Dec
9% Mar
6
Jai\
8
3
Jan
6
163% Jan
3
9
11
Jan
10
21
15
July
Jan
4
Jan
7
Sep
82
Jun
76 % Jan
4
79% Jan
20
4%
44% July
28% Jan
4
31
Jan
7
4%
18
Dec
24
18 Va Jan
17
19%
Jan
8
xl25
Nov
144
Jan
Jan
27
31% Mai-
43
May
34
19
135
3
40
3
42% Jan
Jun
39 %
96
Jun
1st
Corp.
7%
6
General
Foods
Corp
96% Jan
28
13% Jan
11
13
General Mills
Feb
128% Jun
123% Jan
4
108
Jan
28
'
$3.50 preferred
Jan
28
5%
107'% Jan
13
3% %
preferred
conv
$ per share
Lowest
Highest
I perthare
50% Mar
Oct
V
125%
123 Vb Jan
Jun
x97.
60% Jan
4
99Vb
Jun
Jan
Jun
13 Va Jan
Feb
26
Nov
23% Jan
Nov
18% May
13 Va Jan
Feb
4% May
10%
Dec
18%
Dec
Gen
7
15 Vb
V
4% Mar
3
15
7
6% May
30% Jun
Va
Feb
24%
Nov
31%
132 Va
,
12 Vb Jan
Dec
21%
Dec
98 %
Apr
18%
Dec
Gen
10
Gen
7
Gen
;
76
Dec i
90
72%
Jan
20 Va
19-4
iy%
4,200
14%
14%
14%
14%
3,200
103%
103%
'103'A
103%
103 3A
103%
103%
103%
103%
Gen
7
General
24% Jan
28
Jan
122'
Jan
11
6%
'94%
96'A
82 Va May
21
Jan
4
21% Jan
5
75
Jan
Realty St Utilities—
Refractories
24
77
Jan
19
96 >A
96 V4
11 Va
IOVb
ii'A
10%
10%
51 Va
51
51
50%
51
126
126%
126%
127
127
220
104 »/a
104%
104
104
1,300
HIGH SALE PRICES
Wednesday
100
14%
14%
14%
*3%
3%
3 V.
3%
3'A
3VB
4%
$6 pfd
preferred
4%
*23%
24%
*24
28
*27%
28
No par
120%
__20
*24%
No
21 Va
par
24%
'24%
104
21
21
20 3A
75'/a
75
15
*72
100
,
75
*72
'
14 Va
14%
3,600
24 Va
21 Va
*
21 Va
*20 Va
102 Va
'101 %
102 Va
21
20
*76
*75
76
76
76
*76
78
75,
*72
"
75
*72
75
*72
75
1,600
28
500
380
24 Va
1,800
300
102%
90
20%
400
Va
■
'
*72
v.
21%'
101 Va
21
-C:
24%
*20-,a
*
21
1,400
2,400
120 %
24%
21 Va
101 Va
*20%
20%
24%
25 Vb
23,300
47/B
4%
120
122
24%
11%
19%
A 125
*27%
27 3A
27%
121
25 »A
■
24%
24%
27%
121
11%
4%
1!
■
1,100
3
*122
125
4%
500
19J/«-
19%
19%
*122
4%
3
11%
11%
12
>
3
3
3
24%
'
100
—
15
27%
102
101%
21
14%
24%
21%
21%
22 Vt
*21%
14%
121
24 3A
*102
4,900
4%
120%
21'/a
24%
20
'
120%
*74
■*
28
121%
104
*102
5
24%
-125
24%
24
*273A
*20Va
100
24%
20
4%
*120%
25
24%
11%
24%
120Va
300
25
*122
19%
125
*4%
24 Va
*27 Va
y
14%
3
12
19%
4-%
100
*13%
14'A
14%
4%
125%
'99%
14
24%
14%
11%
1,000
125%
100
14
125 Vb
*122
35.400
100
125 Va
14%
<j.( 1
Shares
59%
14
125 V*
100 %
*24%- 25
19%
for
*13%
125'/b
100%
13%
25
12 Vb
Sales
the Week
share
t per
59
59%
59
125 V*
13%
125
t per thare
597/b
100
,
Friday
Jan. 2S
Jan. 27
I per thare
59
59%
125 »A
100 3/b
Thursday
-
Jan. 26
24%
l
preferred
3% %
126%
59 VB
125'A
19%
5,300
1,900
105
S per share
125
12
*
126
Jan.25
14 Va
100
;
104%
Tuesday y
60
*95
125
'105
*122
96 %
'95
105 Va
125
105
20
6,100
v
9b V.
11%
105
12
150
21,100
41% ;
50 Va
14Va
Tire St Rubber Co com
4% %
.
37%
y 41 %
24'/a
No par
Time
4%%
Gen
41%
24 %
10c
Instr Corp com
preferred
10
102% Jan
4
41 Va
11%
'125
125
400
38 Va
42
96%
*100
19%
600
•;
136 Va
x41%
52%
99%
11%
*134
38%
42%
ll'/a
125'A
*122
18%
52 %
I per share
5
18%
38%
*13%
100
135
40
29Vs
39
'95
59%
No par
19
134
2,700
78
*28%
38%
*13%
Corp
com
Gen
22% Jan
25
19% Jan
May
Utilities
19
134
134
10c
preferred
29%
1,000
9%
9%
78
79
29 Va
70
IOVb
-
39:
'
par
No
Telephone Corp
101 % Jan
•
19%
10%
9%
9'A
*78
19%
'19
134
f
11
12
Jan. 24
99%
10%
163%
52'A
'51%
60
10%
163%
29%
29%
100
2,000
10%
*10%
79
*78
800
105 Va
163%
9%
9%
9%
29%
*
170
44
104 Va
10%
10%
r_l
Co
Equip Corp
General
Dec
10%
42
Monday
*125
No par
Cement
25% Jan 10
22% Jan
10%
'43 Va
*
800
29'A
Vb
163 Va
10%
163%
38%
42%
59%
No par
Advertising
General Shoe Corp
Gen Steel Castings
Jan 27
10%
163%
79
134
39'A
I per share
10
com
No par-
Portland
Public
4
-
10%
19%
19 Va
'*28
44 'A
9%
134
5%
:
105%
29%
29%
42%
52'A
44'A
105%
'78
79%
38 Va
44%
105%
10%
9%
9%
29%
44
'103
163%
'163
11'A
'78
45 Va
10 Va
10%
6
5%
105 Va
'44'A
'102
163%
Jan. 22
series
Railway Signal
6
30Jun
102%
20
14%
Saturday
Public Service
5 % Jan
25% Jan
29% May
30Vb May
v
20%
14 Va
LOW AND
Corp
$3.75
Gen Precision
•
22%
20%
14 Va
'10%
105%
STOCK
preferred
Outdoor
Jan
123
4% Jan 11
118
$5
•'/. Preferred
7
.
20 'A Jan
>
17
23%'Jan
Oct
.
.3
Jan
Jan.
3% Jan
17
y
Jan
Feb
26
18% Jan
122
Jan
110%
Jan
11% Jan
Jun
y"' May
128'/a
»
22
29
V
YORK
Motors
General
4
2%
8
1
14
12%
17
26
14 lA Jan
25%-Jan
5
16%
General
125% Jan
6
17'A
v
126
105'A
Par
7
100 % Jan
5
Feb
Va Mar
•
Sep
125'A
EXCHANGE
6,700
20:%
11%
100
t per thare
I per share
57% Jan
Nov
66
NEW
Highest
200
5%
14%
S TO CKS
Range Since Jan. 1
Year 1948
17%
20%
12
100
±
__
*17'A
15
10%
96'A
'51 Va
preferred
17%
17%
20%
19 Va
'94 V»
12
*17 Vt
'15%
'17%
5Va
'163
42%
1
300
29%
134
No par
common
15%
5%
45 %
39 Va
42%
General Instrument Corp
52% Jan
*15'A
29 Va
105%
20
No par
4
15%
30'A
104 Va
134
39 Va
No par
com
28
127
'133
200
*15'A
15%
29%
44%
'
30%
'19%
100
700
40%
30'/a
9%
79Va
.No par
28
104
9%
'29%
No par
Electric Co
11%
'78
50
preferred
General
163%
'10%
100
10% Jan
Jun
'10%
100
9%
*40
5% ''v:6; A/
29 Va
29%
6
103%
44 Va
106 Va
10%
'163
9%
9 Va
40 Va
20%
104'/a
44 Va
'104%
No par
com
General Cigar Co Inc com
Range for Previous
120
'103%
9 Vb
600
3,800
6%
17
15
5
2nd preferred
50% Jan
53
Lowest
12
15
preferred
conv
93% Jan
118%
93%
20%
'14%
100
Oct
Feb
119
20Va
1
com
No par
.13,%'.' Dec
Nov
Mar
40%
97
'29%
1.66%
Feb
9
29%
6%
17
*40
17%
17%
29%
9 Va
15%-
'15%
17 Va
5%
Transportation
General Cable
21
41
Mar
87%
Jan
37% Jan
Jan-
15%
17%
5%
Baking Co common
5
preferred
No par
General Bronze Corp
5
Nov
Jan
15%
17%
$8
Nov
133
14%
5%
6%
17 Va
V
6'A
6»A
6%
6%
*17
40
40
41
6%
6%
17Va
9%
9 Vb
'9
'40
General
19
72 Va
Jan
9 Va
40%
14%
'17%
$4.25 pfd series A
28 Vb
9
9Va
40%
1
$4.50 preferred
Amer
9 Va
40%
50
American Investors
General
'9
'40
No par
com
conv
General
17%
'17
No par
Industries Inc
preferred
Gaylord Container Corp
106
Jan 11
10% Jan 24
160
14% May
:
Jan
46%
com
preferred
Wood
4%%
10% Jan
May
159%
Apr
105
25
42 Va Jan
105% Jan
53 % May
;
Jan
146
27% Jan
18% May
,
conv
Gamewell Co
26% May
Feb
100%
5% Jan .V3.V:
,
May
45
Dec
11%
Jun
9% May
5%
5
50
Gamble-Skogmo Inc
6%
6%
'17
17%
'17
17%
'6%
6%
6%
6 Vb
6%
G Va
6%
6%
6%
'17
78
20
75
-
27%
Feb
39'A May
30Va Jan
28
87
Dec
96'A
88
17
Dec
25
75
Dec
85%
19%
48 Va
4
Nov
Jun
91
Jan
17
17%
•
X74% Jan
6
19% Jan
3
V 48% Jan
\ '
''V
3
■'y
Oct
Gillette
Jan: 5
May
6%
7
20
55% July
28
.
Feb
Mar
33% Jan
f
Safety Razor
*
Jan
16 % Jan
Jun
May
75 VB Jan
$5
21% Jan
$4.50
7
26
No par
(The)
12
88
16%
'
31 Va,
88
5
preferred
4Va%
31%
'
__No par
common
17
78%
*48 Va
50% *
1
*5%
„
Mar
122;;,
115
Nov
Jan
4
'
14
Vb
116
3
17% Jan
7
V 64%
Oct
57% Jan
4
62% Jan
26
94 'A Mar
101 Vb Jan
10
Dec
24% May
103 V.
Aug
38% Mar
50 Vb
Oct
42
Jan
3
96% Mar
105'A
Oct
101
Jan
5
102% Jan
Dec
23%
Jun
J3% Jan 19
15% Jan
5%
Jan
%
Apr
5%
Feb
8
2% Jan
102
Jan
Oct
16 % Jan
4
35
Oct
25% Jan
4
23
Nov
31
May
23% Jan
5
89
Nov,;
99
Jun
9Vb Mar
xl2
14'A
Mar
Dec
'
36 VB
95
July
32
Feb;
y
*y
Jun
145%
60
Apr
29%
Feb
13 Va
•
Jun
40%
$5
(B F)
preferred
11
Jan
6
6 V2 Jan
24% Jan
13
Jan- 25
97
,
14 rv Jan
:
12% Jan
40
13
3
Jan
14
-16% Jan
3
135% Jan
6
(.
•
Jan
20%
20 Vb
20'A
20%
20%
Va
50%-
50
50,
50
50 »A
57/a
57/»
140% Jan
4
14 Vb Jan
10% Jan
4
r
26
11% Jan
Dec
'
Jun
93% Jan
25% July
17% Jan
98
.
i
9
5% Jan
Jun-
38% Jan V 3
94
26
:
4
85
Feb
97 :
July
12%
Nov
20%
Jun
; 12% Jan
58-% Jun
47% Jan
28
65% Jan
28,
6
;
16%
16'A
16'A
16'A
60%
62%
62%
*101
102
102
102
102
'
115
5,600
3,100,'
20%
51
400
5%
2,700
115
617/8
v
102
-
■
V
16'
16»A
102
102
5%
116
16 Vb
62%
80 Vb
«50v4
5Va
61
16 Vb
62
V
."
51
*115
500
16%
20 Va"
20 V.
20
116
16'A
16 VB
59 %
60% y
102
10
•
1,8007:
7,300 ;;
102
;i;
700
~-
81
(W T)
3%%
Co
44'A
45%
45%
44%
45 VB
44'A
6,000 ::i
*102%
*102%
103 V*
102%
102'/a
102%
102%
*102%
102%
200 i!'1
14
14 VB
14%
*14%
14%
14%
14%
*14%
14%
9°o
3
2%
2%
2%
2%
2%
: 2%
2%
2%
16,600
*6
14
2%
3
61
6'A
8
V
♦17%
17%
*17%
26'A
26%
26%
27
24'A
24'A
V
*6
6Vb
..6Va
17%
17%
A
45
.,17%
*26 Va
6 Va
10
5
common
preferred
.27
*24
Stores
24Va
*95%
-100
;
97
1
com
13%
*95%
13%
13%
24
97
97
pfd—
conv
No par
*32
27'A
24
24 !A
13%
13%
13%
'32
34'A
*32
Jun
92
Jan
.
Jan
Bay St Western RR
(H L)
.v
Jan
4%%
Jan
18% July
For footnotes see page
:rl6% Jatt"-3
7
50
.' Jan
8
71% Jan
24-
;
28.
(The)-r;
-
Aircraft
Guantanamo Sugar
,
y
Oil
Corp...
2
'139
*76
78
37'A
37'A
14%
*13%
18%
,
:V,:
V
140•,
42
4,100
18 Va
18%
2,300
140
*74
37%
373/b :
,37«/a
14'
14.-
V .:;y
127/s
41 Vb
18s,a
79%
.
14 Va
*74
3,100 li
12%
41%
140 Va
193 A
33 Va
12%
140%
142'
1,900.;!
13%
*30%
,
:
,
110.
Va
18 %: 18%
*140
7,500
.
12%
18%
; :»74-
80
y
41
13
41%
11
140
139.
*74
79%
37%
37%
37%
*13%
14 Va
13%
13%
10%
10%
36 Vb
37 Va
10%
93%'
*93%
94
94
17%
*17%
17Va-
17%"
5%
5%
93%
-
17Va
*5aA
-
•
*92
y
■
13%
.^*48%
25
:<■
.-
.-
69Va
10 Vb
10%
11
•
-
__No par ^
nulf State# Utiltties Co__-—No D»r-
10%.
10%
_1
No par
—
-
18%
18%
140 y
24%
34 'A
y
500'y
1,300
j- 18'A
12%
41'A
.18%
13
.41%
,
400
27
9/
135/'B
13Vb
423/b
12%
13
42%
-
*13%
y
10
common—
12%
42
6 Vb
17%
140
100
79%
3o7,B
2,500
*13 Va
13%
10%
10%
93 3A
93%-
17%
17 Va
3,600
5%
5%
1,500
400
j
y
Ohio RR com.No par
$5v preferred
Gulf
'
13
42%
37 %
100"
Corp__
$5 conv preferred—
~~
*73%
3
Gulf .Mobile
7
17 Va Jan
*139
1
preferred—'—:
Grumman
3
14
4
Co Inc
Corp
*18%
..
.100?
Common
7
3
42 Vb
Greenfield Tap & Die Corp„No par
19
:
Jan
;
*12%
y
Ry 6% pfd
No par
Great Western Sugar com—No par
7% preferred
100
27 V/':
24 V.
*32
.
U
97
*95%
34'A
*17%
27 Va
24
95%
yy e
V»
17%
*27
24 Va
95%
*13Vi
13%
34 'A
*32
34 %
17%
17 V.
27
6
*6
6'A
17'A
;'97
'
$2.25
6
"
5
44%
103 Va
14 Vb
2%
44
44%
44%
_No par
Co (The)
City Steel
Green
!
25
93
3
Feb
-
19% Jan
28
44
Jan
*115
116 i
61%
104Va
1
Green
13 V» Jan
Feb
*115
116
*115
5%
5%
5%
3,800
91
'75 Va
78
*50%
5%
31%
16%
16%
'75'A
49
30 Va
*b7%
>
90
16%
78
16V.
*14%
V Gt Northern
7
10"
13 % May
14
16%
62
103
31VB
*87%
90
5%
*
5%
*102'A
y
Gt Northern Iron Ore Prop—No par
13
18% Jan
17'A May
Nov
44%
No par
Grayson-Roblnson
_20
43% Jan
.
Dec
57%
31
31 VB
20 Vb
20%
116
*75
78
'
Grant
-V
Jan
77
Union
Granite
32 % Jan ""18
h
28
5% Mar
*101.
No par
Granby Consol M S & P
Grand
7
Jun
16 %
16%
'61
\
No par
Graham-Paige Motors
6
Jan
36 Va Jan
90 %
"
par •
No par
com
preferred
Gotham Hosiery
17
*28%
1
$5
Greyhound
A
10
No
com
Goodyear Tire & Rub
7
17% Jan
V.
Feb
10
*115
V
16 %
'
15% May
23%
-i Jan- 13
12% Jan
•
50% May
•
Dec
132
6
Sep
40
Feb
M6
12
3% Jan'
3
18
Feb
29
Jan
45% Jan 26
11
18
•
—100
*75
31
*87%
'
15'A Aug
;
Goodrich Co
11
Dec
2%
Telegraph Co
Goodall-Sanford -Inc
12
I 15
St Stock
16%
'
14% Jan
47 V. Mar
..
Gold
88
16%
78
'
113
31%
88
17
*75
31
90
16%
*75
20%
y
No par
•
31%
31%
*88
50
com
conv
preferred.
Goebel Brewing Co_
20
Jan
5%
No par
com
preference—
Glidden Co
1
Jan
conv
Gimbel Brothers
12
50% Jan
3
5% Jan
13
•
5%
53y
95
*92
49
69% "
16%- 17-
*
♦92
95
48 V*
69
70
16%
17%
17%
" 5%
"92
95
G8""
69
.16%,
17
.
5 Vb
17
r
.
17 V..-. 1-7%;
5%
*92
>.
..
(.
68 V2
17 Va t-
;;
5%
-
95
,
*93
%
15,900
r
.
95
210v:
i't
•
>•
12%
123
12%
12%
43 Va
t
49
-67
•
.
95
-13%
>:C-48^ ;'48%.
yy
t
,93%-.-93%.
'
1-7%
5Vb
^3%
13%,
133/s
48%,
13V8
93 Va
94
•
•'
48,a-,'
47%
43
66
67
'A,
65%
66'/a
12,900
17
17 Va
25,700'.
- -
17.
-
4 •
17% ;-<•
Va
-
..
6,700
600 '
-
FINANCIAL
Range for Previous
STOCKS
Range Since Jan. 1
Year 1048
Lowest
Highest
Lowest
< per share
$ per share
$ per share
NEW YORK
.Highest
LOW AND
STOCK
Saturday
EXCHANGE
( per share
Par
Jan. 27
$ per share
S per share
$ per
1949
for
the Week
Jan.28
Jan. 26
J per share
$ per
Sales
Friday
Thursday
Jan.25
Jan. 24
I per share
HIGH SALE PRICES
Wednesday
Tuesday
Monday
Jan.
Monday, January 31,
CHRONICLE
share
Shares
H
31
Feb
35 Mi
Oct
15%
Nov
22 Mi
Sep
12 Mi
Dec
16 Mi May
Dec
kl47/8 May
31
4
Jan
32
Jan
17
17% Jan
3
19 Ma Jan
7
12
3
13 Mi Jan
26
Jan
Jan
17
Mar
89
Jan
73
Jan
24
Jan
6
xlOlMa
Feb
107
Jun
106
Jan
18
106 Mi Jan
18
21%
Feb
27 Ma
Jun
22
Jan
24
23 Ma Jan
13
146 Ma
July
150 Ma
Jan
148
12 Ms
79
12
12% Jan
81
14
Jan
148
7.
14
Jan
Hackensack Water
Printing Co
5
Hamilton Watch Co com
4% conv preferred
No par
*12
100
75
(W F>
3
24 Ma Jan
19
5 Ma Jan
14
Jan
5
64 Mi Jan
28
Jun
7 Mi Jan
4
Jan
14
11'/a
Jun
7 % Jan
28
9 Mi Jan
7
Mar
26 Ma
Jan
Jan
11
21% Jan
10
Hazel-Atlas
20%
Oct
27 Mi
July
20 Mi Jan
13
22 Mi Jan
21
Hecht Co
78
Jan
91
Jun
84
Jan
17
85 Ms Jan
24
29 Ma
Dec
42
Jan
30
Jan
3
34 V2 Jan
95 Ma
Jan
103
May
98 Mi Jan
14
8
Jun
Dec
79
Jan
6 Me
Feb
11 Ma
6%
Feb
59
X20
22%
34 Mi May
.
61
20
8
100
28
Jan
Nov
23 Mi Jan
4
3 5 Mi
Oct
3 4 Mi Jan
6
37 Ma Jan
Dec
22 Mi
May
13 Ma Jan
4
14
41 Mi
Dec
57 Mi
Apr
43% Jan
5
24
25% Jan
Dec
13 Mi
46% Jan
120 Mi
24Mi
Dec
25 Mi
128 Ma
Mar
125
Apr
Jan
11
2 7 Ms Jan
Feb
30 Mi
Oct
114
3
7
.
18
127'/a Jan
27
■29 Via Jan
22
122
116 Ma Jan M15'
123 % July
13
28
Jan
15
Jan
Hat
Corp of Amer class
4Ma%
Heinz
27 Mi
20 Ma Jan
1:3'
21 Ma Jan
26
19 Mi Jan
18
21 Ma Jan
7
Jun
79 Ma Jan
3
81 Ma Jan
8
9
Dec
14%
Jan
9
Jan
3
9 Ms Jan
7
Mai-
Jan
6
31 Ma Jan
7
37
Jun
31
12 Mi
Dec
25 Mi
Jan
12 Mi Jan
'3
14 Ma Jan
11
21 Ms
Feb
29 Mi May
22 Mi Jan
18
24 Ms Jan
7
9%
Dec
16 Ma
May
97/s Jan
4
15 Mi
Feb
30%,
Jun
xl9Ma Jan
3
22 Ma Jan
21
25
Dec
Oct
25 Ms Jan
4
26% Jan
11
30
29%
Nov
24 Ml
Nov
99
Dec
11
Dec
18 Mi
Jun
29 Mi
Dec
46 Ma
Jan
27
Nov
34Ms
81
Oct
94M4
34 Mi Jan
38
;1 10 Ma Jan 18
37% Jan
3
Mar
87
*85
87
*85
87
Co
W)■
common
(C
31% Jan
6
32% Jan
15
Jan
28 Ms Jan
17
Jun
86% Jan
6
Oct
43 Mi Jan
4
Jun
32 Ms Jan
28
Jun
14 Ma Jan
Jun
43Ms Jan
14
14
100
Inc.
E)
*81 Ma
9%
10
*31%
32
1
*13 Mi
14 Mi
Co
Co
i
Co
Houston Light & Power
15
Jan
20
3
46 Ma Jan
Houston Oil of Texas
Howard Stores
Corp
20
Howe Sound Co
2 6 Ms
26
34 Ma
35 Ma
343/4
35
28%
28
28%
35%
*28
28 Ms
*103 Ma
103%
103%
11%
11%
11%
*22
35 Mi
6,800
34%
35%
*27%
28
1,900
28
600
11 Ma
11%
3,600
32
32
29%
29%
*31%
33
32%
31 Mi
31 Mi
32
32
*313/i
32%
29%
30
2934
29%
93 Ma
92
92
*92
93
46 Ma
47 Ms
*46
46%
1,300
32 3/8
32 3/4
32%
7,000
47 s/8
48
47 Ma
47 Ma
35 Mi
333/8
34
33%
3334
1
*14%
45 %
Hunt Foods
343i
35 Ms
*27 Ma
200
113/fl
48
11 Ma Jan
1,000
113/8
*47%
3
26
11%
34%
Hudson Motor
25%
11 Ma
48 Mi
14 Ms Jan
700
26
11 Mi
11 Ma
34 Mi
28
22
11%
48 Mi
12 Ms Jan
21 Ma
11% >'
25
Jun
*10 Mi
103 %
92%
22%
3,000
*22%
10 Mi
215/8
103 Ma
5
non-cum
22%
22%
21%
103 %
29M4
Hudson & Manhattan common—100
1,200
103%
91%
c
200
13 Mi
13 Mi
104 Mi
No par
t
v
9 Mi
31 %
133/8
26
'./
28
28
2.4C0
9 Mi
*31%
31%
103%
104
104
103 Ms
34 Ms
83%
10 Mi
26
293/4
Dec
34
*92
*143/4
15
15
45 Ma
45 Ms
15 Mi
*14%
15
45 Ms
15
45%
45 Ms
*44 Ms
45 Ma
7%
7%
:>
*14%
44 Ms
32 Mi
300
3,700
50
*1434
15
200
43%
15
44
1,300
44%
4,100
7%
7%
7%
7 Ma
7%
100
*10%
11%
11 Ma
11 Ma
12
11%
*10 Ma
113,4
*10 Ma
par
46%
46%
46
46 Ms
45 Ms
46 Mi
46
-44 %
45 Ma
44
44%
6,700
Nc par
12%
13
12%
13
12%
12 34
12%
12 Va
12 3,4
12 Mi
12%
7,300
10 Mi
10 Mi
10 Mi
10 Mi
*10 Ma
10%
10 Ma
10%
700
2 Ma
2%
23's
2Mb
2%
1,500
13%
12 Ms
13 Ms
preferred
Car
Inc
7 Mi
10%
*2 Mi
2%
^
1
No par
7%
7%
*10 Ms
6.66%
Corp
Hussman Refrigerator Co
*13%
.
7 Mi
734
13%
STOCKS
NEW YORK STOCK
Saturday
Jan. 22
*11
Monday
EXCHANGE
Jan. 21
LOW
$ per share
$ per share
26 Ms
92'/a
12%
S per share
26%
29 Mi
Hudson Bay Min & Sm Ltd__No
t per share
26 Ma
83
9 3/8
22%
10%
27
2,400
31%
217/s
*26 Ma
1,000
20
*13 Mi
23
10 Ma
21%
29%
11% Jan
Highest
22%
10 Ms
190
21
*82
9 Mi
13 Ma
*91 Ma
47% Jan
Range Since Jan. I
13 Mt
23 Mi
*81%
32
*31
92
19
Lowest
13 Mt
'
9 Mi
29%
28
"
31 Ms
83
92
Jan
Highest
9 Mi
29%
Jan
Year 1948
20
*81 Ma
30
600
29 Mi
119
21
21 Mi
193/4
22 Ms
100
Jan
Lowest
21 Ms
20
9 Ms
7,700
19%
21 Ma
20
22%
35 Ma
127
29 Mi
*117 %
•
21 %
*10 Mi
*28
45
29
118
22 Mi
No par
com
7
Range for Previous
29
118
22 Mi
50
12
Hupp
29 Ma
119 Ma
*10 Mi
5
500
*126
127 %
127
*29
83
23
120
13%
44
21%
313<a
11
37 Ma
13%
,
*
*118
10%
preferred
19
Jan
128
*126
*12 Ms
24
25 %
36%
45
22%
No par
35 Ms Jan
2% Jan
14
45
*22 Mi
com
48% Jan
14
23 Mi
14
45 Mi
*10 Mi
12.50
18
3
24
14
45
200
*25 Ms
14
9%
13%
37 Ma
30
Mining
Electrochemical
26
25
13 Mi
25 Mi
20
*81%
32
25 Mi
*36 Ma
37%
5
Jan
2 Ma Jan
*31-s
320
25 Ma;
29 Ma
20
9%
34%
99 Ma
*24 Mi
119 -*■
*21
83
9 Mi
9%
34 Mi
99%
10
pfd series A $4.50 div.No par
Household Finance
3%% preferred
*81 Ma
83
24
5
& Sons
6
9 Ms Jan
20
34 Mi
99 Ma
*36 Ma
128
118%
21 Mi
19%
100
The
92 M2 Jan
127/s Jan
21
20
—-5
11
Apr
20%
20
34 Mi
99 Ma
14
29%
119%
20%
1
34 Mi
100 Ma
45%
*126
29%
5
Corp
Houdaille-Hershey
29%
118
120
*118
127
127
29 Ma
29 Ma
No par
,
127
*125
No par
com
100
33 Ma
37
45
600
1,200
25 Ms
*13Ms
.
*99 Ma
100
363/i
45 Mi
44
Jun
*24 Ms
36%
45
Dec
May f
99%
25
36%
7%
'
33 %
23 Ms
25
14 Ms
Nov
5
36 Mi
33 Mi
45%
May
19
25%
*36
*85
100
*13 Ma
8Mb
14 Ms
98%
*44 Ma
14 Mi
Dec
33 Mi
99%
No par
preferred
conv
33%
No par
common
Furnace
7
85Ms
*25
new__25,
Holly Sugar Corp
5% conv preferred——
12 M» Jan
85
*98%
10
new
preferred
*21 Ma
*33
100
.
preference
cum
8%
25
common
Motors
3
Dec
7,200
*85
50
Sep /*■
8,600
87
Sep
Sep
2
7 "a
85
Jan
10%
7%
7 Mi
*84
8 Mi
12 Mi
500
—100
Hollander (A)
5%
7%
20 Ms
10% Jan
Ms Jan
*7%
.,
22
Homestake
8
10
64 Mi
7%
65
22
Hooker
17
100
5
20
Chemical
Holland
300
22%
64 Mi
22 Ma
3 4 Ms
3 Mi
7%
150
5
*22
11
,
*63 Ma
7 Ma
*22
22%
13
47
65
;
Ma
*213/i
26
23
7 Ma
7%
5
22 Mi
Jan
Jan
7%
7 Ms
*63 Ma
65
*63%
65
*5
*147
.
22%
*22
21%
104 V4 Jan
Dec
7 Ma
5%
150
*147
23 Mi
140
1,600
22%
22
3
14
7%
*7 Ma
*5%
*5
22%
22 Mi
22
18
33
*63 Ma
65
*63 Ma
5 Mi
22 Mi
5%
23 Mi
235/s
22%
150
*147
150
23%
*105%
107
22
Jan
!
*5 Ms
5%
*5
237/s
22%
22%
*147
150
*23 Ms
24 Ms
*105%
107
22
22%
*147
150
*23%
*105 Mi
107
15
Jan
49
22
73%
107
common
28
38Mi
107
*105%
22 Ms
12%
20%
102
Feb
73%
*105%
.,
20
Feb
20%
74
8MB
Dec
30
12 Ma
74
20%
Co
".$2.25
12 Ml
75
7%
Jun
.
12
*73
20 Ms
Hilton Hotels Corp
Hinde & Dauch Paper
2nd
12
75
8Mb
42%
29
12
*73
20 3/8
35 Mi
103
*ll3/i
7%
Hewitt-Robins
Hires
1,100
12%
12
73
20 Mt
preferred
3 Ma Mo
28
12%
13
12
13
preferred
Heyden
86 Ma
12 34
1,100
8 Mi
preferred
28 Mi May
5,000
13
20%
conv
Oct
18 Ma
13
.
73
.
107
*147
2
Co
Hershey Chocolate
Nov
32%
18 Mi
13
8 Ms
Hercules Powder
Nov
*31 Ma
18%
13
20 Ms
(G
17
32%
18 Ma
13 Mi
8%
non-cum
5 Mo
*31 Ma
19 Mi
13
20%
Hercules
$4
32%
18%
20
Glass
(H J)
7 Mo
*31 Ma
19 Mi
19
100
32%
*31%
5
3.65 %
Helme
19 Mi
12%
*22%
100
31%
19 Ms
13
*105%
---1
31%
75
12%
_—1
preferred
3% Mo
78
Jan
A
Hayes Industries Inc
Hayes Mfg Corp
17%
-
19%
.
34 Ms
Nov
Ceinenting__5
(M A) Co $4.25 pfd__No par
Harbison-Walk Refrac com__No par
6% preferred
100
Hart Schaffner & Marx
10
20
Dec
Well
Hanna
4Mi Jan
Dec
47/s
31%
19 Ma
*31
Oil
Hall
20% Jan
20 Ms
25
Haluuurton
Par
HIGH
2%
2 >4
2 Mi
*2 Mi
12%
*12%
13 Mi
*12%
$ per share
t per
share
Sales
t per
share
for
the Week
Jan.28
Jan.27
Jan. 26
$ per
Friday
Thursday
Wednesday
Jan. 25
600
13
PRICES
SALE
Tuesday
$ per share
t per share
AND
-
10 Va
2 Mi
100
11%
share
Shares
I
30 Ma
27 Ma
,62 Ma
Apr
Feb
'
32Ms Jan
28
35
Jan
7
42% July
28
Jan
28
30% Jan
7
90
82
Jan
4
Jan
7
6%
Leased lines
35%
.
Mar'.,!
;
Jun
July
84
95
Sep
97% May
96
Jan
4
96
Jan
4
24%
Jan
37 Ma July
25Ma Jan
27
28
Ma Jan
21
Aug
30
25% Jan
4
27% Jan
24
26 Mi
May
Idaho
Power Co
V-20
Illinois Central RR Co common-100
non-cum
RR
stock
Illinois
Power
pfd
4%
clfs
Co
Feb
12 Ms
Jun
9 Ma Jan
14
10 Ms Jan
7
Nov
25 Ms
Jun
21% Jan
4
23% Jan
27
Indianapolis Power
15%
Jan
Jan
3
8% Jan
10
41% Jan
7
Industria Electrica De Mex,
Industrial Rayon
Jan
3
38 Ms
Dec
56
Jun
37% Jan
5
Nov
76 Mi
Jun
61% Jan
17
150
Feb
67-
33
*32 Ms
82%
98
*95
98
*95
98
*95
*26 %
27%
26 Mi
26 Ma
25%
26
*25 Ms
27%
27%
26%
27 Mi
267/s
27 Ms
26 3i
27
26%
&
*9%
10
*9%
10
t
.22%
22%
22%
23
22 Ma
*8 Mi
8%
*8'%
39 Mi
39 %
1
No par
common
*63
*153
159
Jan
11
preferred
100
3
41% Jan
8
Inland Steel Co
No par
17% Jan
3
18 Mi Jan
8
Inspiration Consol Copper
6%
Feb
Jan
3
8% Jan
19
Insuranshares Ctfs Inc
Dec
23 Via
May
13% Jan
4
15 Ma Jan
26
Interchemical
86
Dec
Jan
86% Jan
11
92 Mi Jan
25
3% May
16% May
1% Jan
4
2% Jan
8
12% Jan
3
13 Ms Jan
7
1%
103
Dec
11 Ms
Feb
8
*90
Interlake
__No par
*13
No par
158
Iron
125 Ma
Feb
25
Int'l
Business
26 Ma
Dec
x34Mi
Jun
25% Jan
4
28 Ms Jan
7
Int'l
Harvester
Oct
174 Ma
Jun
164% Jan
3
170% Jan
20
7 Ms Jan
24
160
156
Dec
x
145 % Jan
5
5 Ms
Nov
Ms
Jun
23%
Feb
38 Ma
Jun
26
Jan
14
71
Dec
93
Jun
9
5% Jan
3
Jan
162
29
Jan
8
79
Jan
25
73% Jan
17
3 Ms Mar
:
5 Mi
May
3% Jan
3
24% Mar
34 Ms
Oct
29% Jan
3
31 Mi Jan
7
135
4% Jan<10
Jan
139 Ma
July
137% Jan
3
142 Ma Jan
21
42% Mar
64%
Jun
48% Jan
28
53 Mi Jan
.7
86
99
July
14
May
5%
Feb
Dec
94
Jan
5
95% Jan 24
Jan
66% Jan
4
70% Jan
27
Jan
64
Jun
58
Jan
26
60
Jan
4
39 Ma
Nov
45
Jan
41
Jan
3
44
Jan
65% July
53
Jan
57% Jan
35
32
Mar
30
Mar
Mar
8% Nov
16 Ma
8%
;
16 Ma
Nov
6
Jan
6
7
Jan 27
34
Jan
Jun
8% Jan
10 Ms Jan
Jun
10
Jan
25
19% Jan
20% Jan
20
27 Ma Jan
28
Jan
21
8 Mi
100
15 Mi
15 Mi
3.700
90 Ma
SO Ma
$6
%
91
1%
2
13 Ms
13%
162
161 Ma
159
-
26%
26%
27 Ma
168 Mi
169 Ma
168
26%
25%
169%
167 Ms
6s/s
28 Mi
27 Ma
28 Ms
76
76
79
79
6%
4%
4 Mi
4 Mi
30 Ms
7
27
*79 Ma
200
2
1,000
13 Ms
6,100
6%
7
67/s
69
69%
6%
6 Ma
6 Me
6 Ms
6,500
27 Mi
26 Ms
26 Ma
1,800
82
*80
4 Mi
3,600
30 Ms
30 Ms
16,300
49
*94 Ma
*6%
6%
143%
120
50 Mi
48%
49 Mi
48 Ms
48 Ms
13,700
95 Ma
*94 Mi
95%
95 Ma
95%
700
6 Mi
1,500
142
144
*142
144
6%
6 Mi
70 Ms
70
*57
59 Ma
*57
*43 Mi
44
437/s
437/s
600
55
55
55 Ma
55%
1,200
34
34
60
44
43%
43%
56
56
56
55%
55%
333/4
9%
33ai
333/i
*33 Ms
93/8
9%
93/4
9 Ms
9%
*9%
9%
20%
"'26
32
150
27
Ma
19 Ma
*26 Ma
31%
31%
*27
31%
*146
147
147
150
*9 Ms
19%
27 Mi
31 Mi
9%
•
19%
27
*145
150
*145
20
27
31 Mi
.
31%
313/i
34
20
20%
*20
26 Ma
*93/8
9%
810
70
69
58
44
10
6%
69%
*57
10
6 Mi
*141
69
44
*33
142
69%
60
"
200
82
4MB
30 Mi
44
;M55
*80
4Mb
*57
I'v 9%
82
30 Ma
44
93/4
690
17,800
26%
60
33
26 Ms
169 Mi
6%
58
55%
25 Mi
167 Ma
4 Ms
50 Ma
68
•26 Mi
168 Mi
30 Mi
95 Ma
6 3/i
900
*156 Ma. 159
25 %
168 Mi
4 Mi
95%
69
160
'
30 Ma
95%
*142
*157
27
167%
4 Ms
95 Ma
,
1%
13
30%
95%
*31%
2
13 Ms
4 Ms
49 Mi
20 Ma
13 Mi
27%
6%
7 Ms
28
30%
*26
91 Ma
2
13 Ma
159.3/4
159
162
50 Ma
.
*90 Ma
2
15 Ma
'
142%
-
*15 Mi
91
13 Ms
133/i
13 Ms
15
92 Mi
l7/s
2
2
15%
92
15
91%
*145 1
preferred.
15 Ma
15
91 Ma
15 Ma
303/s
10;
50c
...
May
*7 Ma
50 Ms
9%
-No par
32
4 Ms
8 Vi
142 Ma
V 55%
-No par
Jan
Jan
26
*7%
50%
*57
—No par
30
Jan
8 Ms
!
24
147
*7Mb
30%
33 '
Jun
Jan
8 Mi
142%
63i
-No par
39% May
146
*7 Ma
*94 Ma
7%
26% May
May
2,200
8%
50 Mi
30 Ms
*43 Ma
21
145
7 900
17 Mi
8 Ms
4 3/s
*141
—No par
35 Mi
Jan
40
177/s
17 Mi
76
*67 Ms
17 Ma Mar
137 Ms
393/i
17 Ma
7
*4 Ms
29
Nov
40 Ma
17%
27%
*74 Ma
22% Mar
■
39%
17%
2
6%
-No par
28
8% Jan
159
40%
17 Ma
158
100
—
153
39 Ma
13 Mi
—1
1
159
*153
159
Ma
Mi
27 Va
5% preferri
International
159
62
17 Ms
Int'l Hydro-Electric
Sys class A—25
Int'l Minerals & Chemical com—5
13
43
107 Ma
*153
38
62
40
27%
27
■:
1,000
38
63
14%
*1%
Paper Co com-,
15
$4 preferred
:.
No par
2,900
63
38 Mi
62%
91%
14%
International
38 Vi
13
38
64
17%
169 Ma
Corp
100
33
39
■
39%
27 Mi
Int'l Nickel of Canada com__No
par
Preferred
100
803
7,000
8 'i
.
17%
169%
4 Me preferred
International Mining
9%
23 Mi
8 Mi
:
40%
100
common
8
Dec
52 Ma
!
Jan
65
•
Machine
preferred
9%
23 Vi
8 Ma
39%
^.No par
1%
9%
23 Ma
*8 Mi
8 Mi
*8
Corp common
5
4Ma% preferred
_100
Intercontinental Rubber-*.—No par
9%
23 Mi
8%
17%
17%
1
93/4
64
*153
370
13,700
23%
38 Mi
159
*153
40 %
40%
20
___
s
25 7
9%
39%
-
98
26%
*8 Mi
8%
*8.Mi
64%
*63 %
12,500
Mt
82 3 i
23 Vs
9%
23
8%
39
65
13
„
27 Ma
Ml
5
36% Jan
6%
27
par
Nov
155
*32
S A—
Light__No
47%
11
*95
s
28
21% May
8% May
Jan
98
32 Va
'
281
*95
Feb
155
*81
32 Mi
29
*27
82%
15 Ms
Jun
28
82%
1,600
32 :,/i
28
*81
33
28 Mi
29
28
34% Mar
160
32MB
28 3 i
83
32%
33
28 Ma
98
*82
*95
Illinois Terminal RR Co
Ingersoll-Rand
32%
30
29 Ms
2 7 Ma
A__100
100
Nov
58 Ma
■7.
33%
% 33
30
1000
ser
A
7%
8
33
29%
*81
-
series
20 Ma
9 Mi
*32%
No par
conv
9 Ms
10
34
9%
10
59%
100
34
800
10 Ms
47,800
10
500
19 Mi
*19M4
19%
700
27 Mi
27 Mi
27%
1,100
31%
31 Mi'
31 Mi
150
*146
•
500
30
150
J
Dec
10
4M2 Jan
25
5% Jan
8
18
Dec
23 Va
Jun
18
Jan
3
18% Jan
24
Jaeger Machine Co
79 Ma
Dec
92%
Jan
81
Jan
3
83% Jan
13
Jersey Cent Pwr
39 Ma
Feb
48
May
44
Jan
24
46 Ma Jan
6
89 Ma
Oct
99
May
95 M2 Jan
17
97% Jan
24
33 Ms
Sep
42 Mi
Jun
100 Ma
Feb
1137/s
Jun
20 Mi
Feb
17
40 Ma Jan
7
Jan
27
110 Ms Jan
12
37% Jan
108
35
Oct
31 Mi Jan
28
36
99
Dec
106
May
102 Ma Jan
3
103
145
Jan
158
Jun
29 Mi Mar
_'
39%
Oct
83 Mi
Feb
93%
Apr
84
30 Ms
Nov
43 Ms
Jun
—
—
29 Ma Jan
3
Jan
20
4
(F L)
Co_—
&
Jewel Tea Co Inc
3 Mi %
82 Mi
100
*43 Ma
44Mt
44 Ms
44 Mi
44 Ma
44 Mi
44%
44 Mi
1,300
*96 Mi
97 Mt
*96 Ma
97 Mi
*96 Ma
97 Mi
*96 Ma
97 Mi
30
38 Mi
8,900
4
82 Mi
—No par
*44 Mi
45'/a
44
44 Mi
*97
98
97 Ma
97M4
'
47/s
4%
19
*18
v
-
com
preferred
100
preferred—
^
No par
38 M2
100
*108 Mi
j.
7
Johnson & Johnson
common—_12Ma
4% 2nd preferred series A
100
33 Mi Jan
7
Joliet & Chicago RR
stamped—100
Jones & Laughlin Steel com—No
Jan
3
39 Ma Jan
7
preferred series A
Manufacturing Co
38 Ma
11 38 Ma
1:109
111
-
38 Ma
38%
109
;
:
*108 Ms JLlO
-
37%
*108
4%
38 Ms
383/s
110
108
72
38 Ms
108
38Me
*107
2,500
100
200
100.;
31 Mi
31%
103 Ma
*101%
103 Ma
*101%
103 Ma
32 Ma
*101%
32%
*101%
103 Ma
*1017/a
103 Ma
*1017/s
103 Ma
*153
160
*153
160 '
*153
160
*153
160
*153
160
*153
160
*32 Ma
par
5%
18 Ms
*81 Mi
81%
H
Joy
*18
1 *18 Mi
82 Ma
Jan
86
18 Ms
82 Mi
18M8
MS 82 Ma
Johns Manville
Corp com
3 Ma %
*18
*81 Mi
l8Ms
83 Ma
*4 Ms
4%
4%
18 5/s
813/i
4%
18%
*82 Ma
_1
4%
%' 4%
Ma
81%
4 Mi
4%
*18
pfd__100
No par
Lt
Jan
,
—
36Ma Jan
Jacobs
31 Mi
100
*84 Mi
1
37%
1 32
32 Mi
32 M4
32
32
32%
•1,400
317/s
31 Mi
32Mb
313/a
32Mb
32%
33 Mi
33 Ms
31%
32 Mi
85
85 Mi
85 Mi
85
85 Mt
85
85 Ma
85 Mi
85 Ms
84 Mi
85 Ma
660
38
37 Ma
38 Ma
38
38%
37%
38 Mi
37 Mi
38Mi
7,800
37%
377/s
32 Mi
F
33,400
-
K
11%
Dec
21
May
11 Ms Jan
27
12% Jan
8
Kalamazoo Stove & Furniture
Kansas
x89
Nov
98
May
94% Jan
12
97Ma Jan
22
3 «0%
14
4%
98%
Dec
101 Ma
Dec
101 Mi Jan
19
23%
Feb
48 Mi
Oct
37% Jan
3
407/sJan 21
48% Mar
60 Ma
Jun
52
Jan
3
56
Jan
24
13%
Dec
18
13% Jan
19
14% Jan
7
20 Ma
Feb
Jan
6
21% Jan
8
15 Ma
Dec
15% Jan
17
17 Ms Jan
7
May
26 Ms July
22 Ma July
For footnotes
see
21
page 28.
102
Jan
4 %
preferred
cum
Kansas
10
preferred
100
97%
100
♦101 Ms
City Southern com__No par
preferred—
100
non-cum
Kayser (Julius) & Co
5
Kelsey Hayes Wheel conv class A_1
Class
*12
12%
"12
12 Ma
12
12
*11%
12
97%
*96 Ma
98 Ma
96M4
96 M4
*96 Ma
98 Ma
*100M4
101 Ms
*100%
101 s/s
11 Mi
500
11%
11%
UMi
*96 Ma
98 Ma
*100 Mi
101 Ms
101%
101%
150
38 Ms
37 Ms
37%
4,100
55 Ms
55%
14
14
City Power & Lt Co—
B
1
L
*101%
102
38%
39%
55 Ma
56
39
39 Mt
55 Ma
55 Ma
14 Mi
14 Mi
*14
*20 Mi
213/i
21
*16 Mi
16 Ma
102
,
'
16
38 Ms
*55 Ma
14%
14
38 Ms
38 Ma
57
*55 Ma
57 Ma
14
*14-
14%
38 Ma
.
38 Mi
*55 Ma
14
56
14
*97
98 Ma.
-
*20 Ms
21 Ma
*20 S/8
21 Ma
*20 Ma
21 Ma
*20 Mi
16 Ma
16%
*15%
16 Ma
157/a
15%
15 Mi
15Mi
700
600
.
100 M
21Ma
*15%
20
21
'<
800
Number 4773
169
Volume
THE
COMMERCIAL
Range for Previous
NEW YORK
Highest
9 per share
9 per share
1
Ra,nge Since Jan. 1
Lowest
Highest
fper share
Saturday
$ per share
,
51% Jan
27
56% Jan
12
Apr
43
Jan
28
461% Jan
7
Kern
16%
Oct
12;
Jan
28
13% Jan
7
Keystone Steel & Wire Co__
20% Jan
4
22% Jan
11
•
24
May
104% July
'
92
Oct
11'/a
Feb '
97% Jan
13
4%
121/2 Jan
12% Jan
24
Kinney
Mar
75'
Jail
641
661
28
Oct
29% Jan
Dec
291/4
"
37%
,
■
Jan
Jan
31% Jan
7
Jan
26
Feb:
39%
Jun
36% Jan
38% Jan
20
45»/2
Feb'
581/2 July
53% Jan
55% Jan
20
<iv°/4
Nov
49
48% Jan
25.
Oct
98
Jan
43
Jan
<G
Koppers
i NoV'.":
?2
91'
share
54
54%
52%
53%
52
53%
51%
52'/a
51%
51%
22,200
45%
45%
45'A
45
45%
44
44%
43%
43%
43
43 Va
1,400
12%
12 Va
12%
12
12 Va
1,400
20%
20 Va
20%
207/a
207/a
2,100
.No par
4 l/o
R)
Co
12%
*12%
13
12%
12%
12%
21%
21%
21%
20%
21%.
20,'A
96
97
*96
97%
*96
97%
*95%
97%
12%
12%
*12%.
13'A
*12%
13%
*12'A
13'A
66
*65%
66 %
*65%
66
*65 Va
66
Co
Inc
•0*/2
30%
30%.
31
30
98
98
98
*97
*95
97
_1
*12%
13%
.No par
preferred—2
*651/4
66
10
common—
preierred
30%
.
—_100
g per
share
12%
100
common.,
f per
I per share
*211/4.
com__. .No par
Corp
2nd nreferred—.
conv
$5 prior
89-
95 Vz July
$ per share
54%
45V8
* per share
v
Jun
1
I per share
54%
County Land Co
? .14 %
"
63
93% Jan
Kennecott Copper
Kimberly-Clark
for
the Week
Jan. 28
5
Oct
51
Feb
'
Jan.27
Jan. 26
Sales
Friday
Thursday
Wednesday
Jan.25
Shares
Par
60%
Nov
19
HIGH SALE PRICES
Tuesday
Jan. £4
23
.No par
Feb
4J Vb
-
Monday
Jan. 22
(507)
CHRONICLE
LOW AND
STOCK
EXCHANGE
42%
127/b- Dec
FINANCIAL
STOCKS
*
Year 1D4K
Lowest
&
:
,
*65%
30%
; 97
30%
97
31%
*96
*96
98
*96
97%
90
*12 %
13%
100
66
66
100
29Va
•
29 Va
30'A
6,900
120
98
*97
4
98
37 %
37%
38
37%
37%
55
54%
54%
54 Va
54 3A
2,100
47 Va
48%
x46%
467/a
1,900
5Va
8,100
•
Kresge
(S S) Co_____I__„j. ——10
Kress (S H) & Co__. .No par
37%
37%
37%
37%
37%
37%
37%
55%
55%
55
55%
55
55
55
Kroger Co (The)
48
48%
48%
48%
48%
48%
48
48%
«
'
.No par
.,
2,900
L
4%
Feb
4 VB
Dec
12
Apr
Dec
24
Mar
17
47/a Jan
5
5"
Jan
3
17 »A Jan
4
6% May
.
5% Jan
20
Laclede
Jan
21
La
20 % Jan
21
Lambert
Lane
6
9% Mar
14 Va May
10
Jan
3
11'A Jan
26
Oct
53% May
43
Jan
7
44 % Jan
24
297/a May
24% Jan
26 V2
19
42
25Vb
Aug
35
Mar
21%
Dec
10
47
Dec
90"
J:.;V
..
Feb
37
May
26% May
4
Jan
Jan
39 Va Jan
4
Bryant
Lees
21'/a Jan
22
22% Jan
6
90 Va Jan
20
90 Va Jan
20
10% Jan
3
llVa Jan
10
Dec
37% Jan
40'A Jan
24
39
4% Mar
1
Va
19% Mar
4% Jan
3
2 'A Jan
28
22% Jan
3
5Va
Jan
10% May
41%
Feb
56
May.
8'/a
Dec
12
16'A
Feb
26'A
Dec
Nov
43%
8
,
/
24% Jan
12
$3
39»A
*21'A
21%
*21
21 'A
*91
93
*91
93
_10
10%
11
11
11
10%
11
10%
10%
10%
11
10 3A
11
40
40
40
39%
39%
38"%
39
371/2
38'A
20
Lerner
Jun
44% Jan v4ii
497/a Jan
24
Apr
Liggett & Myers Tobacco
Jun
9
Jan
19
10 V4 Jan
7
63% Jan
4
66% Jan
10
Link
Belt
3
467/s Jan
22
Lion
Oil
16
Jan
5
17
Jan
7
78
681/4
Dec
85
Jun
78
Jan
27
Jan
Jan
24%
Jun
16'A Jan
3
18% Jan
•I
14 Vb
Dec
20'A May
14 Vb Jan
3
15% Jan
7
57%
63 % Jan
8
,
79 %
*75%
79'A
*75"%
79%
78
78
17'A
17%
17'A
17%
17
17*A
16%
16"%
16%
16Va
5,400
14%
15
14%
,14%
141/4
14%
14,900
134
Jan
24%
39%
23%
10
G%
com—_10
preferred
Mack
Trucks
13
Jan
20
Jan
10
19% Jan
3
Square
12
Jan
12
Mahoning
3
7% Jan
20
Manati
3
8% Jan
12
Mandel
16% Jan
10
173/4 Jan
19
Manhattan
7% Jan
18
19% J&n 23
21% Jan
13
6% Jan
6
15
Feb
173/a
Sep
16"% Jan
17% Jan
20
22%
Dec
29% May
22% Jan
24
Jan
7
92%
Dec
95 V2 Jan
102
Jan
28
11% Jan
*24%
39%
39 Va
24/A
23%
23%
23'A
23'A
*23
23%
X22 %
23
97 %
*95
97 Va
*95
97%
*95
96%
20
19%
19%
20
19%
Xl8%
18 Va
1,900
*95
97%
19%
19%
19%
RR
1
12%
17%
19%
17%
17
V*
7%
7%
7%
*73/4
8%
8'A
5
*17%
~
*17%
17Va
Ry
Corp/
&
*7%
20%
V *13%
19
18'A
18%
2,100
16%
17
16Va
16%
4,700
*8
*17%
17%
:
*17%
7%
7%
7%
7%
7%
193A
19%
19%
19%
19%
3,200
6%
11,600
6%
6%
•C 171/4
17'A
17
17
23 Va
23'A
23%
100 Va
100 Va
23
22%
101
*100
101
6%
6%
6%
6%
63/4
l73/8
'
■
*17
6%
23%
102
*100
23'A
*101
7
Martin
10%
7.
Martin-Parry Corp
No par
12%
12%
12%
12%
12 3A
12%
12'A
12 Va
*12
7
Masonite
No par
55
55
53
55%
52V4
521/4
51%
52'A
51
18
Dec
27% May.
18
19% Jan
7
Master
40% Jan
24
27%
Feb
45
Oct
Nov
X165
176
Jan
Jan
37% Jan
171
Jan
171
Jan
Mar
383/a Jan
40% Jan
25
/Jun
89
92% Jan
24
Jun
89
Jan
92
Jan
21
Jan
82
Jan
83% Jan
7
9
Jan
5
47%
84% Mar
93 /
84
Feb
77%
Aug
•V
Dec
/
8%
33
93
~
-
85
12% May
;
Dec
110
■
Apr
Apr
*
33,
43%, Jan'
7 %
21
■
9% Jan
7
Lowest
.
9per share
7
;
>
28
Jan
5
111
Jan
//5v
21
Jan
28
25
Jan
10
11
9 per share
$3,
Co
i
$ per share
NO par
No par
30% Jan
3
32% Jan 26
Jun
90
Jan
4
943/4 Jan
25
29
Nov
42 3/4
Jan
34
Jan
28
36 -Jan
7
25 V3 Jan
3
26 % Jan
7
36% May
May
NEW
YORK
Stores
3%.%
Corp
McGraw Electric
Co_
1
41% Jan
Jan
20
Mclntyre
30% Jan
4
33% Jan
28
12
97
19
18%
Feb
Jun
20
Jan
17
213/4 Jan
8
153/4
Dec
Jan
16% Jan
6
17ya Jan
24
McQuay
Mead
023% May
11 %
Dec
47
83/8
12
,
20% Jan
3
213/a Jan
8
11% Jan
3
13% Jan
46
6
49
Jan
8% Jan
3
';637/8 July
Feb
35 3/a
preferred
•
Nov
McLellan-Stores
Co__
'
Corp common
No par
Melville
Shoe
Corp
8
Mengel
Co
(The)
Jan
22
143/4 Jan
20
8% Jan
20
Merch
&
Min
Merck
&
Co
5%
1st
conv
Mercantile
27
19
22% Jan
3
23% Jan
20
Merritt-Chapman
443/4
Jun
35% Jan;
4
38% Jan
26
Mesta
97% Jan;
3
100% Jan
23
Metropolitan
4
$3.50
Co-
Inc
.50
Inc_„__3%
Machine
Co___.:______
Edison
3.90%
7
Mid-Continent
Midland
Prod
4.35%
preferred
5
pfd_100
Petroleum
7
series.
Copper
100
Al:
Steel
5
7
Jan
24
3
125/8 Jan
25
8%
1st preferred—:
Minneap & St Louis Ry
9% Mar
9% Jan
3
12
12
Minn
26
47
Jan
5
89
Jan
Oct
104
10% Mar
4
3'
71
Jan
105
Jan
Feb
16%
*16
16%
*79
35
21'A
211/4
21 »A
211/4,: 21%
21 Va
21%
21%
2,100
80 Va
*32 Va
7
13
6
Jan
7
7
*48
14%
14%
13i%
13%
*48
49
-
137/a
14%
*80
127/a
13'A
*48
49
13 Va
137/a
*8%
13'A
49
13Va
9
13
12%
13
48
48
*13%
21 Va
20
200
2,200
*8%
9%
8%
8%
60%
591/4
59%
60%
60'A
60 »A
92 Va
*90 Va
92%
*90%
92Va
*90 Va
92%
*22%
23%
23 Va
23%
X22%
22%
22%
22%
V,
;
130
14
1,300
9
100
*8%
60%
90 V2
49
14
9
59%
*
1,000
12%
*45
14'A
*8%
9%
Minn
$4
A;*13%
14
Min
&
100 Va
100%
*108%
109V2
...
preferred
35
Jan
20
9
Feb
10% Jan
3
11% Jan
8
Mojud
Dec
21% Jan
4
21% Jan
4
Monarch
Mohawk
Carpet
Hosiery
t
No par
Impl
com
A
Mills
Co
Inc—
67%
13 Va
46%
441/2
45%
431/4
441/4
43
42
42
42
42 V2
60 'A
60%
*90 Va
92%
22%
22%
2,000
136%
60
!
10Va
11
10%
10Va
*10%
10%
46
44%
46%
46
46
46 Vt
46'A
2,400
89
88
*104Va
*88
89
68%
68 Va
69
105%
*104%
105
*53
.54
51%
13%
120
51
53
Va
*68V2
104Va
88 V2
70
104 Va
*88
68 %
*104 Va
100
89
63%
105
50
.
13%
14
13%
13%
XllS'/a
119
118%
118%
52
49%
48%
49%
Tool-—.—No par
*23
23%
2,600
49%
5Va
5%
5%
5'A
2,200
21%
22
21
21%
1,400
341/2
34%
34%
341/2
34%
34
34
11
10 3A
10%
*10V4
10%
10'A
10 y*
*22%
23 34
*22 3A
24
',22%
22%
*34%
35
34%
*22%
5%
5%
"
24
*22%
f
990
14%
700
300
'
Machine
I
1
9,500
121
22%
5%
21%
*10Va
,
<
2,400
22
51/4
23
10%
V
2,900
54
10%
]
136%
138
*137
11
14'A
11 %
1,400
105/a
121%
*10%
7,900
41
455/a
«
137/a
1.25
43%
41
2,000
120'A
35%
42 %i
42%
12'A
14%
*34%
43%
41%
12'A
121%
20
43
12%
120
51/2
1,100
12%
120
5%
13%
12%'
68
5%
13%
12%
68
22%
30
109
13%
*13%
12%
68
105%
470
138%
*88
14%
138
*108%
900
1,500
38
100%
I2V4
89
*104%
138
375/a
100 Va
138 Va
139
*88
5%
„
109
*13%
22%
100
*108%
*108%
13Va
'*53%
No par
109
108%
119%
10
com
89
*104% .105%
14%
14%
1
__No par
series
46 %
101%
13%
45%
42%
38
38
*100%
108%,
42%
*88
38%
1001/2
14
46 %
67
,„..No par
1
Power
preferred
Corp /
Mo-Kan-Texas RR
7%
Z
_100
100
14
42%-
*46
3
com
series A__
Mfg
preferred
Moline
Regul
pfd
conv
37%
38V4
37Va
99%
46%
«
38
37Va
991/4
37
99'A
99 %
#108.% 109%
46%
3.20%
54% Jan
233/4 Jan
131/4
13%
49
46
Minn-Honeywell
6
16%
33%
llVa
28
28.
300
82
10%
323/4 Jan
uage
500
17
33%
11%
Dec
For footnotes see
20
17
82
11%
x33%
27%
20
35%
12%
$6.50
Mission
6
100
20'A
*80
12%
Minn
3
17
1,900
2,900
18
20'A
*17
*33%
138 Va
15
4
17
3
98
17
12%
17
Jan
18
,
46
33%
33
*95
98
33%
138%
143/4 Jan
5
20%
*17
X46
33 Va
82
12%
123% Jan
20% Jan
*20i/4
46 Vt
32%
17
*136%
3
Feb
Feb
20%
46 V»
*95
33%
100
Jan
116
97
,*80
—No par
St P & SS Marie.—___No par
483/4 Jan
Nov
4
Jan
13% Jan
21
6
11
*8%
.___10
com^_„No par
Jan
66% Jan
32%
'
11% Jan
54% Mar
45%
32%
*95
400
26
*25
17
21
23%
43% Jan
44% Jan
/
14%
>< *22%
:'/*36
47% Jan
87% Jan
49
Scott—_No par
&
41
Nov
45%
45%
331/a
26
*25
35%
60
42% Jan., 28/
Nov
1,100
82
16%
92 %
Miami
87-
—
*59%
8
42%
/•;
*90 %
25
Jan
13%
\i
_1
143/4 Jan
139
20
34 Va
*80
21'A
—No par
1083/4 Jan
130
1,300
32
94%
34
18
20 Va
9 per share
32
34%
98
*17
v.
*33%
j
35%
21 %
Co—No par
common
preferred
13% Jan 1!3
3
1
conjmon—
Transp
603/4 Jan
92% Jan
Jan
17Va
17
81
*33Vz
l
preferred
Stores,
3
■
20%
9 per share
for
Shares
34%
26
17%
;
Sales
the Week
Jan.28
Jan. 27
94 3A
251/2
*20%
Friday
Thursday
31'A
26
.
1,200
96%
*25
45Va
21%
31'A
26
32%
21
22
*94Va
34%
*95
1111/4
32%
34%
98
200
33
*111
96 Va
35
32%
33
800
9%
91/4
91/4
32'
*341/4
46 Va
100
83%
*82
*94 %
35%
*95
10
91%
91 Vz
■
20
2,900
93Va
*92
•
'
3
Feb
16"%
81
4%% ..pfd (1st series)_100
4% 2nd pfd (2nd series)/;
—50
90
106% Jan
94%
2,600
40 Va
397/a
111%
'
56% Jan:
Dec
96
I per share
32
94 3A
32%
32%
96
31%
38%
173
PRICES
Jan. 2(t
$ per share
45%
47%
32 %
17%
Jun
Feb
*46%
SALE
18
2,300
*38 '/a
34
21%
Wednesday
95
*25
26
*33
500
2,200
>170
40'A
92
3,600
12Va
51
18
18'A
38V4
93
10
12 Va
50 Va
83%
*111
22
Jan. 25
31%
35
35%
*25
HIGH
90 %
*9%
■;/:
Tuesday
S per share'
*94
34
112
22
31%
95
-*35
AND
9'A
*33
*111
112
2 2 '/a
221/a
Jan. 24
20%
Dec
1?%
,
Monday
31%
20%
Nov
42%
22%
22 Va
*111
112
*111
112
23%
*16%
Jun
Jan;
*9 Va
9>A
33%
1
11
98%
9'/a
33%
Co.:_———10
128
109.
9%
34%.
Mfg
Norris
373/4
«106%
9%
*33%
tper share
—_No par
1043/4 May
Nov
Mar
13% Jan:.
„"7
$4
953/4
.
Dec
92
•
13
Jan
"50% May
Feb
38%
Jan
34
3
62 % May
-
Nov
/35
15
82
4
•'18%. Jun
17%
-
17% Jan
18
Jan
85%
13
Jun
Jan
Jan
81
Nov
-
44 %
1013/4
35
47
£9% May
Dec
U2%
15% Jan
3
32% Jan
Jun
"46% May
.
9%
*94
McKesson & Robbins. Ihc corri____18
93% Jan
93
34%
*3l'%
Publishing./—No par
Porcupine Mines
—5
52 Vi May
.
84
-V.
*82
*111
McGraw-Hill
35% May
98% Jun
Dec
*
83 Va
*22%
100
Dec
20%
92
*82
.
9%
1
com
preferred—.—
conv
Jan
: :96%
*91
83%
*82
Par
McCrory
Dec
"
92%
*82
Jan. 32"
87
Dec
*91
83 Va
921/4
Saturday
41
Dec
92%
*82
*33%
1
29%
15
*91
LOW
STOCK
$ per share
101 %
80% Mar
921/4
92%
EXCHANGE
Jan
31%
93
*91
No par
preference
$Q >
20
9 7/a
T
173
401/4
93
6,200
102
102
12%
38%
*92
70
23%
10 Vb
*170
40%
40
40 Va
39%
40V4
171/4
*23 'A
51
18;%
40
173
*92
common——No par
$6 1st cum
McCall Corp
£
Feb
.24%
24%
39%
39"%
18'A
39
*170
173
*92
__No per
preferred
Highest-
88
.31
393/4
181/4
18Va
39%
39
*170
173
10 Va
10%
18'/a
18 Va
*170
5
10%
40 Va
40
171
STOCKS
Lowest
,
25
23% Mar
18'A
18%
40
171
common
pfd:-
cum
Maytag
Range Since Jan. 1
Highest
*18%
,V 40
Z——.No par
1947 series—No par
$3.75 cum pfd
$3.40
Jan
Year 1948
j
1
No par
Corp
10%
10%
10%
100
Dept Stores
Range for Frevioua
,
10%
'
Jan
41%
1
Co
Chemical
$3.75 preferred
110
35 % Jan
Co
preferred
May
Jan
112
Dec
Jan
Electric
Mathieson
22
'
-35%
L)
*17
23%
102Va
10
13% Jan
57% Jan
6%
6%
171/4
*17
171/4
23%
50% Jan
Corp
100
7%
19 Va
693/4 July
(Glenn
400
7%
Feb
-s
1,000
8
17%
17%
18
19%
Dec
93/4 Jan
8
7%
Nov
12 % Jan
7%
7%
19 Va
9%
■
530
7%
8%
7»/8
7%
8%
*480
530
*480
530
7,1/4
77/a
6%
22%
900
12 Va
19'A
17%
20%
*17%
*100
12 Va
7%
5
100
900
991/2
*12
20'A
8
20%
No par
preferred
32 Va
*98Va
12%
800
pfd___100
^
32%
99%
*98%
*121/4
*8
17%-
com
Co
32 Va
32%
99%
*480
7%
*17'A
4,900
17'
8%
prior
6%
Field
1
6.25
18
14Va
19
17%
*8
300
36
139
14
323/a
*12V4
•
530
7 V2
81/4
Exploration
Midland
17'A
7%
36
*135
14Va
32%
19%
*480
530
*480
530
19 Va
37
139
14 Va
14'A
*983/a
100
*121/4,., 12%
12%
19%
•
No par
Oil
4%%
*480
321/4
*36
139
-
14
141/2
32%
*98V4
1
Shirt
Market" St
l7'/a
50
33
100
*98
*135'
*135
36 Va
*35%
36
139
14Va
14 Va
14%
*32%
13
Corp
Marine
14%
20
Co
139
323/4
36
*135
36 Va
*35%
11%
Apr
1,800
24%
39%
47%
Jan.
1,700
24%
39%
*135
100
12%
Co
Maracaibo
Marshall
*98
*19%
<The)_
Coal
Marathon
10
35%
No par
Bros
8% Jan ■m
1,000
39
24%
39%
19%
19%
10
Sugar
7% Jan
32%
100
Garden
Copper
Magnavox
Co
Jan
500
24 Va
*24%
*95
139
14%
No par
Magma
Jan
*135
_5
2 i
,
35 %
100
Inc—
18% Jan
16% Jan 28
6
80
*24%
x38%
24%
39%
M
MacAndrews & Forbes
17
*191/4
154V2
153
23%
95
10
156
*154%
156
2,100
39%
23%
95
100
Co
*154%
156
'
24%
24%
39%
& Sons Inc com__l
(M)
15%
*153
156
50
pfd series A
Steel
*153
14%
15%
par
Madison
193/4
100
40
(Ky) No
Nashville—.
Macy (R H) Co Inc com
4%'% pfd series A_—
22%
800
78
24 Va
Gas & Elec Co
&
15 Vs
.
100
;_
18
'•
*751/2
1,400
preferred
22'
Jun
*75%
17%
6,400
7%
97 % Jan
103%
79%
17%
1541/a
15% Jan
6% Jan
*75%
154%
3
May
3,900
16 'A
20'A
333/8 Jan
8
43%
16»/a
x63%
20'A
3
Dec
1,300
43
16 Va
20%
6
61/2
63%
44V»
16Va
2Q Va
3
25% May
65
43%
16%
20 Va
common...
95 % Jan
18% Mai-
64%
45%
16 %
20.
10
Jun
65
43.%
16%
20%
Jan
14%
65
46
16 Va
19%
3
Feb
66'A
44%
16%
20%
36% Jan
5%
65%
,46%
16%
19%
Co
10% Jan
M-'..-
65%
46
16%
20
(P)
41/2%
Jan/
65
46%
19%
Lukens
26
65%
*16%
10
10
Dec
*65
461/2
Lorillard
26
15%
110
700
7,000
9Va
•9%
9'A
21%
Jan
7
9
9'A
9JA
Z
65
Jan
500:
9%
i
21 Va
Jan
Sep
9 Va
2,700
38
38
39
64%
20
Jun
9%
39
21%
Apr
Apr
40
65
96
10%
*38'
173
21%
,24
13 3/s
40%
1,500
172%
173%
64%
Jun
525
174
65
5
Dec
174
39'A
42
174%
87
22%
14
Nov
173%
174%
6,400
35 Va
86%
x35
87
par
No par
15%
Dec
9%
*86 Va
65
14
7
*40%
9%
88
21%
Jan
6%
41%
9%
35 >A
88
87
88%
174%
35
86%
1
103%
490
88%
174%
175
35
100
Dec
Dec
35%
35
35
8'/a
15
133/8 Jan
24% May
35%
*40%
preferred
Nov
21
2,700
No par
10
Feb
49
5
943,8
Feb
48%
8V4
No par
No par
•
9'/4
49
SVa
22%
Jan
343/i Jan 20
XlGVa
48%
8'A
8
66
16% Jan
30% Jan
49%
a;
14%;
Bell
95
39% May
49'A
8%
65%
Lowenstein
30% Mai-
49%
8'A
22%
24
•»
22
Jun
49
8%
67
Lousville
27%
1,600
49%
22%
Louisville
Dec
22'A
66%
11-
13%
22
22%
26
131
22%
67
41% Jan
Feb
22%
22%
24% Jan
142
88%
9%
22%
67
3
Oct
34%
9%
22%
8%.
;
9%
22%
22%
4
129
1,200
9%
22%
No par
Jan
Jan..
9Va
97/a
9%
23
9%
A.._No par
377/a Jan
40
*34%
88%
3,500
4,800
34%
8%
'*173%
46
49%
49%
8%
_25
com
800
7Va
46'A
77/a
•
23
23
\ 49 %
;
8%
47
(Md)
27
Dec
9%
*22%
47%
47
47%
9%
46%
Corp
154% Jan
Jan
47 %
9%
'
8
47% '
47
Cement
28
24'/a
47%
8'A
8'A
8'A
.'8%
8%
Lumber
Jan
j.;; 357/a May
98% July
8%
Long
153
Dec
8%
Lone Star
Jun
Feb
*81/4
1,600
23
20
3
z9%
22%
20
V8 Jan
Nov
23%
21
19
May
23'A
Jan
3
Sep
50
23%
>A Jan
19% Jan
21%
25
*23%
24
23%
'■
10,100
2%
23
30 Va July
Dec
24%
3,800
5
•
67
68 Va
Nov
Feb
Nov
*23%
241/2'
*5
100
6,100
20% Jan
Feb
37
2'A
9%
.
Lockheed Aircraft Corp
Loew's Inc
18
23
2%
__7
Co.—'.
xl8
158
5
2%
47%
Corp
conv
5'A
2%
]
:
Co
3%%
5'A
2%
'
Liquid Carbonic Corp com___No
27
13%
5
2%
100
Lima-Hamilton
40 Vt Jan
,/■
& Libby
Corp__
Lily Tulip Cup Corp
Jan
5»A
2%
*23%
par
preferred
Jun
5 %
2%
5
McNeill
23%
40'A
5%
2%
No par
No par
Corp
;
Libbey Owens Ford Glftss
25.
39%
*5%
2%
5
Stores
Savers
40%
5%
2%
.
par
.
Libby
40% Jan
Jun
(The)
8% Jan v-'7k
35% Jan 27
28
13%
Nov
1
Lehn & Fink Products
24
39
39
5'/4
„50
preferred—No
2nd pfd
No
Corp
:*38%
—25
.__
com—_
1st
non-cum
55%
x35%
Cement
Jan
Jan
300
93
Jan
38
38%
21%
23
May
38%
*91
10
47
600
*21
Valley RR
Valley Coal
7%
25
*38%
3
25
24%
21%
3
174% Jan
25
39%
8% Jkn
6
25
92
20% Jan
171% Jan
26
*89%
non-cum
Life
*25
*21
Jun
22
20
25%
25%
*33%
May
88% Jan
45
21%
50c
3
*43
92
Lehman
10
11'A
45
39
12
85 'A Jan
*101%
*43
*89%
22
341A Jan
500
11'A
45
10%
*21
70»A May.
17
26%
*10%
*43
10%
92
Dec
91
*25%
25%
.
1,600
11 lA
45
10%
*43
21%
Feb
20
26'
1
53/e
19'A
19
21%
15%
;:,
44%
5 Va
*5'A
19'A
*89%
8V4 Jan
174% Mar
Nov
11%
44%
5 Va
19
3
28'A
138
*10%
45
5
47 Va Jan
Jan
55'A Mar
11%
*43
5%
■5%
5%
*
100
Co
3
4
19%
com
& Sons
28
Jan
5%
19'/a
cumulative preferred
Coal & Navigation Co
77/a Jan
8
*5'/a
19%
3 9'A
44'A Jan
Jan
8% NOV
.
V
38%
..
Nov
33
Lehigh
5%
5%
19'A
*
Portland-
Lehigh
8
91
Oct
.
7
Jan
3
5%
*5%
20
*11
_
10%
Mar
157
Lehigh
Lehigh
19%
5%
5%
*5%
39 Va
(James)
55/s Jan
v
Co
5%
5%
5%
5%
20%
51/4
50
Rubber & Tire
3.85%
5%
*5%
20%
No par
:
_.
56%
31'/a Mar
82
4
Jun
4% July
26Vt July
8'A
Jan
4
No par
common
preferred
•
303/b Mar
Co
pfd—75 Pesos Mex
(The)__
Lane-Wells
Lee
Juil
99
Light
6%
Co
41/2%
6
13'A May
:
Gas
Consolid
23 V8
*22 Va
24
t
(508)
2&
COMMERCIAL &
THE
NEW
Range far fmltu
Itiuige Since Jan. 1
I per thare
'.•> Lowest
Highest
I per thare
NEW
STOCK
LOW AND HIGH
Jan
11
Monsanto
24
107% Jan
111% Jan
13
$4
10:
Jan
10% Jan
22
May
17% May
52
Jan
56 Vh Jan
7
10% Jan
HVa Jan
27
Oct
Chemical
Jan.24
i per there
Wednesday
Tuesday
Monday
Jaii. t'i,
$3.25
10%
Satanby'
;
Tar
Jan
Apr
•
YORK
;# per thare
52
4
104% Jan
112%
Dec
RECORD
7 >>•
EXCHANGE
110
May
122
105% Mar
9%
45% Jan
-
-
Highest
.
$ per thare
61% May
99% Dec
Monday, January 31, 1949
CHRONICLE
-
Lowest
45>/4 Nov
STOCK
STOCKS
1»4S
*.ear
YORK
FINANCIAL
Jan. 20
Jan.25
-
f per thare
"<'
Jan.27
51%
51
Friday:""""
Thnnday
*
9 per there >
I per there
9 per thare
51
v
50%
51
51
51%
*108%
*110%
112
110
110
♦107%
112
*107%
112
107%
111
*110%
111
*110%
111
110%
111
*109%
10%
54
11%
22
22
18%
18%
Utilities
Montana-Dakota
Co——5
50%'
10%
10%
10%
55'A
55'A
55
ny4
li'/a
11%
10%
i
Sharet
.
51 'A
7,100
107%
107%
111'A
*109%
110%
;
10%
10%
10%
10%
>
55
53%
54%
53'A
53'A
7,400
11%
*10'/a
10%
*ioy2
55 %
11%
<
51%
Sales for
the Week
/ '
there
50
107%
com_
9 per
51'A
5
preferred series-A__No par
preferred series B
No par
Co
Jan. 28
■
-
11 %
11%
11'/a
11%
5,600
23
22
22*
18%
18
18%
-
300
400
900
-
•
65
47'A Mar
:Dec
10
Nov
>
27
Jan
21%
Dec
18
20%
Jan
29 % May
19
Dec
23
15%
•
Motor
8
Mueller
Brass
14% Jan
*7
Mullins
Oct
13%; Jan
17
Oct
10
Jan
3
11
Jan
7
39% Jan
4
42% Jan
25
Jan
5
110% Jan
17
;
7
23
21%
22%
19
19%
18%
19
Wheel
*24%
24>/2
*24
24'A
23%
23%
24
24
23%
23%
23%
23%
600
*l9y8
19%
19%
19%
19%
19
19'/a
19'A
19%
*19'/a
19%
1,100
16%
17
16%
17'/a
16%
16%
16%
16%
1,600
Corp
Co
Munsingwear
1
*16%
1
Inc
17
Jan
12% Jan
28
13% Jan
6
43
Jun
34%
Jan
6
34% Jan
13
50
Dec
55%
Jan
50% Jan
14'
Jan
8
14% Mar
21%
Jun
14% Jan
28
15% Jan
7
Nash-Kelvinator
13
28
Jan
21
3
20% Jan
7
Jun
110
51
19%
17
*16%
17
14
13%
14
10%
10 %
10 '/a
41%
41%
42
42 >A
110'/a
*110'A
111
*110%
i33/4
5
Sep
112
700
23
Dec
Jan
*22
23
12%
May
'
'
193^
34
45
,
*19%
*10
*41%
Murphy Co. (G C) common
1
4%% preferred
100
Murray Corp of America com
10
4% preferred
50
Myers (F E) & Bros
No par
Feb
33%
107%
ll'A
*22%
Mfg Corp__
Jun
55
11
_5
3
17 'A Jan
14%
i
54%
.'•• >:
No par
MotorProducts Corp
25% Jan
19% Jan
.7
5
3
15% Jan
.
No par
Co
&
Inc
18% Jan
X22% Jan
16%
Dec
.5
—3
(John)
Motorola
No par
Lines
May
24
Dec
13% Nov
10
20
3
Morrell
7
20'/a Jan
23
25
Jan
7
Jan
3
21% Jan
11% Jan
20
Montgomery Ward & Co
Moore-'McCormack
110
13'A
13'A
*34'/2
*50 y2
13%
35
51
13%
13%
10%
10'A
10%
10%
'.10'A
*41%
42'A
*41%
13%
13%
13%
3,300
10 y8
41%
110%
*110%
111
*110'A
111
13%*
10'/a
42
3,400
400
42
110%
•
2,800
110
110%
13 y»
13%
13 Va
13'/a
13%
12%
13
34%
;
■
35
51
>:
42'A
.13%
13%
*10
13%
*34%
18%
34%
*34%
35
*34%
34%
*34%
35
100
52%
*50
52%
*50
52 y2
*50
51
200
♦50
51
13%
2,400
N
20
18
Sep
8%
Feb
9% Nov
29
.
■«
-Mar
26%
5 %
10'/a Jan
ll'A Jan
7
National
17% Mar
10% Jan
12
Jan
7
_10
25
24
National
Jan
27
6'/2 Jan
8
National
Jan
3
National
Cash- Register
7% Jan
12
National
City Lines Inc
9% Jan
8
National
Container
11
National
Cylinder Gas Co
178
6
Jun
Jan.
Jan
33
Jan
Jun
33% Jan
6% Jan
*
35
7%
Biscuit
Co
preferred
Can
common
May
Jau
8
Jan
26
Aug
11
Jan
3
12
Jan
Jun
27% Jan
4
29
.Jan
6
National
Dairy
May
14 y8 Jan
3
15 '/a Jan
24
National
Department Stores
22% May
Nov
6'A
6%
6'/s
> 6%
10%
10%
10%
10%
10%
10%
10%
10%
10%
10%
11%
11%
11
11%
10%
11
11 '/a
11'/a
11
11
*35%
37
37
37
32%
33
32'A
32%
*35
17% Jan
3
19
Jan
12
National
Distillers
37
32%
*176%
178
1
6
2,600
'
^,000
32%
176%
176%
177
178
177
6%
6'A
ey8
6'/a
34%
34%
33i/2
33%
9,900
190
6»/a
2,600
4,000
6
*32%
6%
6%
7
7
7'/a
200
1
32%
6Va
33 %
32%
177%.. 177%
'
33%
36
32%
32%
32 %
32%
36
37%
♦36
38
*36
7
6%
1,400
7%
7%
8'/a
8
11%
11
ll'A
11%
11%
11%
11'/.
11
11
28%
28%
28%
28%
28%
28%
29 y8
28%
28%
28%
28%
15
18
'
5,700
'
6'/a
7
200
900
V/
6
11%
*14%
i
1
*
9
11'/B
14%
15'A
15
15 %
15
15
14%
15
14%
14%
2,606
18%
17%
18'/a
17%
17%
18,500
13%
13%
13%
4,500
14%
7,000
28 %
__5
6'/a
■
32 '/2
7%
11 y«
___No par
26%
20%
6%
34
9Va
-Nopar
Prod
26'A
20%
176%
34%
9y«
1
Products
177
6
6ya
6
/ .6 %
.20%
20%
6%
6%
*7
6
27
20 '/2
26 %
27
26'A
*20'/2
176'A
6%
34%
r
.1
Co
10,700
10%
ll7/s
#•'
'32%
10
21
i
20%
No par
32
Dec
•
100
;
Corp
14'/a
24% Mar
14%
27
207/a
ff
9 ye
•
14%
26 y2
20%
Fibres Inc—1
Automotive
Jan
37
30% Jan
15%
26%
20%
>-
-1
—
14%
.14%
14%
26 y4
11%
1
National Airlines
14%
14%
14%
14%
20%
10%
100
Co
National Aviation Corp
National Battery Co
171
Oct
Acme
27%
20%
—4
Jan
35
July
National
13V2
10% Mar
'17%
19
9% May
Dec
14%
6% Jan
.48
Feb
9%
Jan
175%
Oct
Dec
9
5
32%
Nov
-
.32%
Jan
45
Feb
162%
19
32%
.29
14%
14%
*26'/2
9
Sep
Jan
13% July
Dec
4%
Corp
Nashville Chatt & St Louis
23% Jan
10% May
Feb
;
18%
8%
9%
17%
18%
18'A
18
13%
18
13%
8
8%
8
9
8»/8
19,300
2,100
7,900
Nat Enameling & Stamping—
12%
14%
Sep
Oct
Jun
3
28
16'/2 Jan
7
Jan
fi
94% Jan
25
m
96 %i May
.
Jan
14% Jan
12
Dec
20%
Dec
15
85
13% Jan
/
7
29 %.Jan
38
Jun
30% Jan
4
33% Jan
177
Jun
169% Jan
4
175'/2 Jan
26
147%
Apr
Feb
135
Jan
4
143
Jan
26
6
Jan
26
Jan
>>
17 % Jan
4
Nov
130
5%
Dec
7%
15%
Feb
24%
1
Nov
.
Jan
ft Jan
3
May
19% Jan
21
5
81%-Mar
114%
Oct
88
Nov
25%
Jan
22
16%
National
Shares
91% Jan
7
National
Steel Corp
28
19
Jan
86
Jan
24
'May
21 y8 Jan
15'/2 May
10% Jan
30%
Dec
9%
Nov
12>/e
9
Nov
237A Jan
4Va%
24
National
11 »A Jan
26
Natl
11
Jan
11
Natomas
11
Jan
22
143
6%
32%
32%
32
173
173y8
175%
174%
176'/2
143
143
143
142%
142 y4
20
94
31 Vt
*174%
176%
♦141%
'.
6
144
40
200
6%
6
-
<
2,300
'
19
v
1,000
18%
18%
18%
18%
19'/«
'
/
%
%
11
2,800
%
%
U
%
%
20%
20'A
20%
20%
20%
20 %
*20'A
20%
20'A
20%
90
90
91
89
90%
89'/2
90%
89'/2
90%
89
89%
22
22
*22
23
22%
22 %
*22'/2
23
22%
23%
800
17%
4,300
%
*-
90
*21%
ltt
'•
22
18%
23%
23 3A
18
18%
18
18%
18
85%
85%
*85
86 »A
*85
10%
23%
23 y8
11
11
10%
10%
10%
;
400
/
86
6,700
:
23%
*10%
• V
■
1
*85
*22%
86»A/
23%.
22%
23%
23%
23%
10%
*10%
11
*10%
23%
10%
*10%
1734
is y.
18%
>•: 85%
86
W
86
18%
18%
*85
1
3
19
May
13% Jan
26
Feb
100
9% Jan
Nov
12%
1'
104
Jan
xl01'/2 Jan
12
35
May
30% Jan
13
19%
x27% Mar
Jan
.
Feb
-8
98 y2
Feb
'
31'A Jan
17
% Jan
Jan
8
Aug
95/
64
July
12%
-
3
93 V'2 Jan
Jan
99
Nov
•
90% Mar
38
Dec
70
Nov
20 y8
Feb
31
Nov
12 ye
97
27
9% Jan 22
3
97
7
Jan
Jan
28
-
Feb
121
4
13% Jan
19
13%
*101%
*11
11%"
*10%
10%
11
*
13%'
34% Oct
28% Jan
25
30% Jan
12 ='■
133
Apr
.
ll'A
*13%
900
103
'-31%
*31-
>
31%
31
$6
103
Jun
51
Mar
245
14%
11
140
-
Jan
Jan
*20
—Nopar
*32%
33
-Nopar
>12%
com—100
*78%
Air
York
Central
Brake
N Y Chic & St Louis Co
'
21
6%'. preferred series
8
21
N Y
A—i
100
-No par
City Omnibus Corp
New York
Dock
15
51
«
Jan
15
245
*
Jan
20
N
9% Jan
21
N Y New Haven & Hart RR Co_100
3
•
preferred
$5 non-cum
Y
Harlem
&
RR
.No par
,-50
Co
•
*96
"
95%
39% July
'
30
Jan
3
96
Nov
•
91% Jan
4
i-
33% Jan
•
21
96
-
22
5%
Preferred
•
series
55
9% '
V,;V
9%;
9y.
97 % «->
*
-
9'/a
*96
900
31%
98
13%
■:>
71
■
13
12%
12%
72'A
72%
72%
28%
28%
28%
28%
28%
32%
33
33
33
32»/4
32%:
-29%
*32%
r
12%
72'A
33
12%
12 %
12%
12%
78
76 y4
138 %
138%
*12%
'13
139 y2
139 %
13%
12%
-
•
13
•
.
V
12%
77
77
137
32'A
32 Va
8UU
12 y8
31,600
12
137
136
"
13
23%
•
2,500
;
>
2,300
78
12% '
400
23%
'
>
100
4
'
*21% '23%
J
51
51
9%
1
54
*50.
245 4
*230
•
9%
•>'
*50
v
245
*230
9%.
♦230
'
9%'
:
:
32%
-
::
:-54
*50
*230
245
33
32 %v
32'A
•33'A
*50
*
9'A
54
*50
*230
32%
.
•
54
245
>!'
100
245
9%
32%
9
*21%
"
*230
54
245
-
'
9
v
.32%'
23%
*21%
22'/a
22 y8
23%
*22 '/a
31%
32y4
:
85%
i.' >,> 94
'•*16%
17'/«
"
*89
89%.
.
'
8%
32%
32 y«
/
8%
9'A
9
3.600
•
-
•>
4,500
f
.
•
r
14 y.
Feb
t
81,
Jap.
•
-
Jun
;419%
oct
88
«1.6%. Jan
Jun
•
86
17
17% Jan -.7
•
3
r.Jan
Jan
-90
•
Jan
•
N Y Power &
Light 3.90% pfd—100
N Y Shipbldg Corp partlc stock—1
N Y State Elec & Gas Corp— t *
4
14
$3.75
preferred
96
\
*16%
17%
*89
•
.—100
—-—
-96
;
i
•
'' '■
,
90%
/
•96
96
•
•
'
96
•96
:••
'
• -
A *17
17%
*89
897/a
90
90
"96
I'¬
17 Mi
■/17 Ye
96
■'••:
/
17
16%
'4i
..
89%..-.
*89
95%
94%
r; •
•
17%/
*16%
260
•
1,100
v*
20
89%
*88%
if
S
X»a|» teePrevia**
.
-Lowest
I!j
fjj
;
•
I per there
.
,
Ranger Since Jan. 1
Leweet
Highest
9 per thare
-
$ per there
•
Dec
25%
13%
Dec
17% July
23
Dec
36 y8
55
Feb
62% Nov
57 y8
28%
Jan
27% Jan
18
17%
Jun
15% Jan
3
25
Aug
14% Mar
if
8
Jan
NEW
'
Highest
'
v
YORK
>
STOCK
EXCHANGE
•X
I per there
20
.
-
-
LOW AND HIGH SALE PRICES
STOCKS'
•
Year
IC
"
"
900
137
12%
*12%
v
130
28%
76%
*21 '/a
2,500
12%.
72
*28%
77 ■"
137
13
13
:
1,700
*71
>
12%
12
76
136
76%
140*
*13 y«
"
12'A
12%
.78
-
'
4,300
9%
97%
12%
13'A
72%
70
54'A
54'A
28%
'
-
*96
55%
54Va
*71%
13
72
28%
•
*54%
13%
•"•>
*
^
55%
9'A
9Ya
97%
*96
97'/a
55
'55
O'/s
9'A
*•96
'
97%'
♦96
55 V2
80
*138%
100
A_
*31
97
96%
95 3A
95%
95%
r
No par
common.;
20
Jan
•"
29%
97%
•
•95%
9%
72%
York
14% Jan
9'A > «%
•71
New
22% Jan
*95'A
95%
*54% r 55%
13%
13%
New
5
*95%
*96
7
21
28
.
Jan
^
7% Jan
Jun
81
10
31%
*31
'
Newport News Ship & Dry Dbck—1
.
1,000 "
104
*102'/a
/
1.600
13%
13%
13%
103
;
11
10%
11
10%
103
31'A
31'A
31
'
Feb
*101'/2
103
*101%
'
13%
13%
13%
13%
13%
*101%
Z
;
800
10% -10%
•
'
31
Elec System——20
12
13% Jan
14
Jan
20% Jan
7
' 33 Vt Jan
>4
3
•
12 '/2 Jan
Jun
61
•
Jan
3
74% Jan
July
July
255
Jan
3
31% Jan
Jun
18% July
23%
49 %,. Jan
20 y.
11
11
ll
11
11
13%
103
Jersey Pr & Lt Co 4% pfd—100
Mining Corp__
2—10
Newport Industries common-22
1
4%% preferred
_L_100
72% Jan 27
27
•6% Mar
preferred
New
10
Jan
-444
,
Mar
200
11% Jan
92
>•
1
100
common
Newmoht
8
70
43%
:
-
.
Feb
11% Mar
20
serial
New England
11 /•
Jan
59 y2 Jan
96% May
90% Jun
i
Dec
39
11
'
Inc
conv
Newberry Co (J J) common.No par
3% %
preferred—--^—^—2—100
-
'
12%
'
Bros
4%%
27
11
Nopar
Neisner
Jan
f
j
1,200
*
ll'A
10%
11
*10%
'
'
87
13% Jan 21
103
Co
^
80
,
•
9% Jan
Jan
■'
6,200"/'
31%
32 »A
6
6%
6
18%
19
19
9
.'
6y8
6%
6'A
19
.1
Co
14%
♦92%
*93
20'A
%
,
6%
19
-No par
Fibre
*141
*141
133'a
15
94
94%
*93
•
10
Co
173
140'
6y«
19
100
Nehl Corp
Tea
Vulcanized
33
174%
__25
preferred-
32%
139%
No par
:
33%
32%
*173
National Sugar Ref Co
No par
National Supply (The) Pa com—lo
7
83% Jan
Corp
33%
94%
14%
15
14%
14% A14%
94
13%
13%
13%
v
15%
94 y4
175 1
A19%
4
10
13%
14%
*93
*172%
.
Jan
17'A Jan
10%
33%
'
*.■•
15%
94%
National Linen Service Corp
1
Cast_No par
Natl Power & Lt ex-dist
No par
Jan
94
Nov
.10
Natl Malleable & Steel
25% July
Nov
80%. Nov
21
13%
*
A 93
10o
100
\l Jan
22
Jan
20
> 15%
No per
preferred A
6% preferred B
23'A Jan
Jan
>13%
1
com
7%
19'A Jan 21
25
ft Dec
19%
Jun.
Co
Gypsum
$4.50 conv preferred
National Lead Co common
21
162Oct
12.50
New common
National
20'/2
-—-1
4
10%.
11
26
26
26
26
26 V
27
Jan
13
Nopco
10
Norfolk & Western Ry com——25
10
13% May
Jan
59%. Jan
r28'/2
14
Jan
20
17 y8 Jan
19
Electric
Corp
Chemical Co
-
American
North
American
11% Jan
7
82% Mar
93
Jun
81
Jan
11
83% Jan
26
Northern
Central
Ry
I'
25% Feb
36'A
Jun
31
Jan
14
32 y2 Jan
21
Northern
Natural
Gas
.16% Dec
27%
Jun
15% Jan
3
17% Jan
7
Northern
87
4
89% Jan
20
57%
57%
57%
57%
28'/2
*28'/a
28 %
28
16%
16%
16%
16%
16%
78
90
Aug
103%
Oct
8 'A
108% Jan
12
109'A Jan
Nov
17% Mar
9% Jan
3
10% Jan
7
16
Nov
3
18% Jan
7
Jan
.27% May
40'/2 Apr
17% Jan
33%
3%
p
109%
Jan
Dec
Dec
13
Northwest
Airlines Inc
4.6%
preferred
Northwestern Telegraph
33% Jan
11
3% Jan
28
4% Jan
11
Norwalk
11% Jan
4
12 »A Jan
10
Norwich Tharmacal
30'A Jan
27
7% May
10% Mar
14%
Jun
34%
Jun
27% Jan
3
Jun
99'A Jan
36
3
Jan
10'A
83%
31%
32
17
17%
4
Tire
*
2.50
108 '/2
109
109
109
16.900
10
10%
400
16%
10%
10
10 y4
9,900
*82%
32%
31%
32%
17
16'A
16%-
16 y»
89%
89%
89%
108 %
108 y2
108 %
108%
90
"
*82%
84
9%
18%
18%
18%.
*34
34%
34%
34%
*4
'
4%
12'A
12%
A
*28%
100
103%
29%
103'A
■
9'/2
*33%
4'A
*4
V
18%
16 Mi-
15%
16
89%
89 3 4
89%
•108'A
108%
108%
108 %
21o
9%
3,600
18 Va
34
33 %
34
4
*3%
4
29%
*29%
29 y;
29%
29%
103%
103 "4
103%
103%
7
;
.
6.4UU
8,700
,
7
>160
18
34
1.7UO
230
-
4
3-%
3%
400
12
12
12%
*11%
*11%
12%
18
34
18
34
34
9%
9%
18'A
4
4
9%
lS
12 %
*11%
90
•
32%
89'A
9%
9%
9%
18%
10 »A
10'A
84
31%
•
*
10
2,3uO
57 %
< 27%
83%
-
600
.
16
27%
•
10
16%
U
16%
28
32%
17'A
*89%
57 Va
57%
15,100
7
16'A
82%
.
400
25%,, 25%
10'A
32
17
90 '/2
25%.,
32%
32'A
*18%'
Nopar
Co
57'A
*27%
Sharet-
20%
11%
84
10'/a
*82'/2
84
32
'
25
.50
Rubber.
&
57%
19%,
11
89'A
10%
10'A
*82%.
4
s.
28 %
.16%
16'A
'
*89%
common.-10
1-
11
10 y«
*82 'A
—10
Ry__
100
,Northern States Pwr Co (Minn)—
$3.60 preferred
Nopar
$4.80 preferred
-Nopar
li::
if.
_1
—50
Co
25%
57%
28
16%
Co
26
*
11%.
*27 %
57%
*28'A
Pacific
Mar
*57%
Aviation
II
.
*25'/2
26
.
.25
_
Co
f.'v
1-
...
20% -20%
11
the Week
J perthere
I per there>
20%
11%
20%
11
10%
font
Sale*
1
there
t per
20%
*20%
1—10
Adjustment preferred
North
4
9 per there
Friday %
Jan. 28 "- ,v
Jan. 27 a
Jan.' 26>
,$ per there
20%
11%
3
Noblltt-Sparks -IndustriesNoma
'•
Thnraday
Wednesday
Taesday-•••/.Jan. 85
>'•' '
20%
3
■
•
there
10
Jan
Jan 28
.'•
11 y4
Jan
14
23 % Jan
Jan
%,
•
"
9 per
21
24*
*
Jan. 84
♦20'A
17
10% Jan
j
Monday
;
J*u.22'
__2.5o
20% Jam
Jun
>
Saturday ;
*11%
12%
-200
O
26%
Dec
92%
Jan
26%
-
Feb
16%
103
Apr
22%
92
43
28
33% Jan
7
8
18'/a Jan
21
?6% Ji'lv
Feb
27% Jan
4
31% Jan
7
Oliver
96
Jan
4
99
7
Jan
18
8
Jan
14
convertible preferred—100
Omnibus Corp (The) common
.6
8% convertible preferred A—100
x109'/2 July
Dec
Apr
Jan
87
20
Jan
23
Jun
21 % Jan
26
27
Jan
37%
Jun
29% Jan
4
.12,'A
Nov
154
Jan
U-- 15%; Nov
47'A
,
148
10
31
7
.Jan
Corp
pfd
Oppenhelm
Collins
10
Otis Elevator common.:
24
-—No par
15
153
Jan
28
Jan
Jan 28
7~% Jan 27
16
•:Jan
13
Outboard Marine & Mfg——
Feb
79
Jan
28
Outlet
Dec
73'A
Jan
49 y. Jan
58'/a Jan
24
Owens-Illinois
Feb
Dec
15
May
Sep
73
Apr
xl5,
15% May
Feb
13 Va Jan
4
9% Jan
3
66,
'•
Jan
14
•
7
Jan
29%' Nov
47'A Mar
29% Dec
37
vJan
6
40:
Jan
3
19% Jan
36%
Dec.
104%
:
30% Jan
Jan
J
(147
3
32% Jan
15 •;
51% Jan
4
54 /
Jan
Jan
3 '
33% Jan
25
Jan>
3
Jan
5
f
Jun
91«
Mar
135.
For fo< tnotes see page 28.
'
95% Jan 24
5
139
Jan
21
Glass
Amer
Coast Co
Co
Fisheries
preferred
Inc
common
2.50
-No par
12.50
Pacific Mills
Corp
—
29%
Pacific Telep & Teleg
;
6%
v.
preferred.
29%
30
97%
*7'/a
7%
7'/a
88%
88%
88 '/2
*22
22%
*22
30%
.30%
30%
*149%
150
16
16-
*77%
81
common—100
——100.
28%
29%
28'/a
29
97%
97'/a
97%
97%
97%
7
7%
7
7
89
87'/a
88
22%
22
22
21%
21%
31
30% •30%
30
30%
57 »A
$7%
*66
•
13%
.16%
58%
13%
10
*66
58
13%
70
38
19
19
3iye: 31%
53%
:'*52%
*33
33'A
951
95
.
Al37%: 139'
38
*87%
140
7%
2,100
*87%
88%
22
*20%
22
30
*151%
2,400
28%
97%
*7
88%
29%
l.uuO
28%
7%
*20'/a
,
?90
21,000
*96'/2
'
200
•
5,600
80
153
153
153%
90
.
29%
29%
:
•'
*18%-
*93A
-
*66
38
15%
15%
78%
77%
77%
79 '
79
x56%
57
56
57'/a
56
56
13%
s
•
♦
13%
14
•13%
*9%
95'A
•95%
139
68
*64
38
38
38
38
*38
19%
19'A
19%
19%
19%
31%
31%
32
31%
32
53'A
*52%-:
19
33%
: <■:
31%
31%
'53%
*19
.
*52'A
-
32% *' 33
31%
400
70
V
68
•
39
53
53 V*
53
33
31%
31%
95
50
3,900
10
*9%
*64
i
'♦
13%
*13%
10'A
66
39
-
20
90
400
8,800
700
2,500
"
95
95
*137%. 139
*138
94
10'A
*9%
'
138'/a
13%
'
66
-19
33
;
10'A
31%
33 y8
:
70
52%
53%
33
.
313A
53%
15%
*77'/a
715%
♦38%
19%
31'A
•
1,400
15%
xl5
15%
80
58
♦77%
13'/2
10
70
*37
.
4
%
•
J a 15%.
81
10
-
152
150
152
*150
150
57%
-c
lo
V
30
*17%
29%.
89
150
18%
18
7:7 7
.16
*77%
29%
30%
18
'
*13'A
—125
29'/a
*17%
29%
29 Vn
7%
*87%
'
103'A
*103
>
29 la
18
*17%
400
30%
*30'/a
30'A
103'A
97%
98
*97
.
18
*17%
30'A
103
30%
30
30
97%
'
> *9%
^No par
"
31%
18
5
—No par
30 %
31%
—10
non-cum
Pacific .Gas & < Electric-—
Pacific /Lighting
6
29
iv
44"A July
—
-No par
2nd preferred non-cum—-No par
Pacific Finance Corp of Calif.—110
8
1
.
100
Co
Pacific
1st
17
18% Jan
Jun
preferred
Pacific
14
70
21%
-
1
18
Jan
6%
7
10% Jan
43% May
15% Mar
Nov
3
20
104
18
No par
common
293'a
103%
31 »A
No par
4%%
10
22'/a Jan
>
Co
89
8%
•89
Jan
90% Jan
Oil
Oklahoma Gas & Elec 4%
23
11%
130
Jan
Jan
Ohio
Dec
60 V2
34%
:
preferred
11% Jan
100
80
4.40%
29% Jan
Dec
144%
Ohio Edison Co common
21
Jan
7
88
Jan
Jun
18%
Mar ~
6%
104
95%
139'
98'A
95 y4
94%
138%
138 Mi
*137%
138%
270
40.
Volume
169
:
Number 4773
*
THE
COMMERCIAL
YORK
NEW
Bange far Previous
v-
i
Year
1948
Lowest'
Nov
Nov
21%
46i
Feb
66
92
Oct
6%
4
18%
34 Va
2
STOCK
•
V
gatarday
RECORD
■
Tuesday
• :■
Feb
Oct
,
Jun
22% Jan
Feb
51
Jan. 27
f per there
tper. there
8% Jan
20
104% Jan
7
24
Jan
6
x41 Vs Jan
20
Jan
2
Jan
.2% Jan
27
4
*14
Inc
Cos
55%
convertible
preferred
55%
,
7%
19%
-100
23%
Park- & TUford Inc
1
"
Park Utah Consolidated Mines
*41
4
9
8%
7%
7%
19%
103%
104 Vs
23%
26
2.50
26%
26%
No par
5
*7%
7%
13%
,2%>
7%
25
Jun
10
16%
Feb
Jan
26% Jan
7Vs Jan
May
Jun
37
Feb
9%
Dec
15'A
Feb
27
Dec
15%
4
8
Jan
28
19% Jan'
29
3
Jan
Nov
Patlno
9% Jan
45% Jan
.10
28
5%
4
19% Jan
7
21
28% Jan
Enterprises
s' rPenn
21
Vs
Dec
16 Vs
.34% May
Oct
16%
Dec
109
35%
112
Jan
109% Jan
Dec
48
4
16% Jan
~
Apr
120
Apr
28
Deg
45%
Feb
99
Oct
•9%
Nov
7%
Nov
30%
98%
Oct
9%
Feb
29
17% Jan
24
*41
7%
Jan
Jan
28
100% Jan
25
5
103% Jan
28
4
Jan:
12% Jan
7
& Eastern
4%%
26%
•26%
•
26%
200
*7%
7%
7%
7%
7%
7%
7%
7Vs
1,000
13%
13%
13%
13%
13%
"13 Va
13%
3,800
19%
19%
28 Vs
28 Vs
*44%
45 Vs
45 Vs
45
45%
44%
45
44%
45
16%
100
Ry Co
100
113
*111
113
18%
17
16%
*107
16 Vs
36%
*7%
30%
97
11
11
9%
*10
9%
5
11%
11%
11%
*111
19
400
1
500
28%
700
44%
44%
3,000
9%.
9'A
-
>
18%
■
28%
,300
18%
3,500
28%
•
♦111.'
113
,
16%
113
100
;
<,30
36
97%
11:
36%
36
900
.
108
109.
31
*30.
30%
300
96 Va
97 Va
*96%
97%
1,500
*9%
llVs
*9%
*
11%
9%
9%
9%
22%
22%
23
103%
*102%
103%
*11%
11%
100
:
llVs
200
9Vs
9Vs
17,800
*22 Vs
23%
"103%
103 »/a
140
11 Va
*103
11%
109
103%
9
22 y«
-
16%
16%
36%
2,500
18,500
*29%
Va
97%
*10
;
108
18%
18.'A
16%
16%*
35%
109
30
18 Vs
11%
103
7%
19
28%
*'
18
9%
11%
*102%
;
*102%
*102%
*7 Va
xl9
18% '
29
.
22 Vs
,
22%'
*22
103
16%
35%
98%
9%
*28
18%
*108
30%
99
Va
18
108
30%
11%
•22%;:. 23*
' 113
*111
36%
107
*98
*
'
10
*9%.
18%'*
•s
19%
29.-
.
7%
'
10%
18%
16%
*35%
109
100
:
*9%.
*28
18 Vs
*30%
,
99 1
9%
7%
'
18 Vs
18%
36%
A
31
*10
.
33 %c
No par
19%
29
16%
99
*7%
10%
19%
*28
36%
*30%
*9%
19%
29
*111
109
'
10%
19%
7%
*28
18%
*36%
*107
7%
'
*
113
"
18%
5
j
*9%
19%
29 '
*111
100
45
10%.
19%
2,400
10,500
13%
19 Va
*28
100
2
2
77s
28 Vs
*10
•42 %■
*39%
13%
7 Va
13
19%
7
29,700
26%
28%
Petroleum Corp of America
:
*26 Vs
30
23%
26 Vs
19%
No par
preferred
•
26%
Vs
29
10
Pet Milk Co common
Peoria
26%
-
2
19%
Pepsi-Cola Co
t
•
23%
26%
29
Peoples Gas Light 3c Coke__
19;;
10:
10
23
41
2%
26 Vs
77/s
___50
27
3
41
2 Vs
19%
series A
Jan
5
3
43
i,6oo
105:;
*102%
23%
7%
RR
Jan
11% Jan
Jan
11% Jan
Jun
7
23%
*28%: 28%
:
7,900
18%
18%
*102%;: 105
'
*19%
Co__
130
7
6%
18%
7%
pfd—
•Peoples Drug Stores Inc;
30% Jan ,18*
3
,
7
26 Va
Vs
300
1,800
.
k
19%
Light Co
conv
6%
27%
♦26%
13%
54%
102%
17%<
v
26
2
2,300
,,
'
24
*41
13;»
54%
'101%
29%
Pennsylvania Salt Mfg Co com—.: 10
3%%
27%
'
2Ve
13,200
55%
%:
26
25%
8%
8%
•28%
Corp com__No par
i
—1.100
preferred
Pennsylvania
19
109
*26%
7%
:104
17,400
,
102 V2
55
102
1
18%
23 Va
1,500
4Vs
4
14
*13%
55%
104
43
2%
14%
:
39%
}■
8%
103.
7
104
2%
9Vs
39%
4%
8%
.4
*19 Vs
Coke Corp
Cement
Penn Power 3c
7"
37
3
8 Vs Jan
21% Jan
102
May
17%
Jan
10
.
Jan
104
Jan
97
.
20% May
24% Jan
Dec
22
Sharet
i
3%
No par
Glass Sand
5%
6
3
;
Jan
Penn
4*
Jan
18% Jan
3
.
35 Va Jan
106
Jan
86%
109%
4
17% Jan
20% July
22% May
Feb
103
*
3%
25
preferred
'
j
the Week
I per •there
37/s
No par
Coal .&
Penn-Dixie
*
13 Va
—.—5
common
prior
conv
^Penney (J c) Co
Jan ,3
18% Jan
3c
Penlck & Ford
13
28% Jan
Co
Proof
.
Mines
Peabody Coal Co
7
Jan
Rust
-Parmelee, Transportation.
5
27
42 % Jan
Jun
21%
Jan
■
28 Vs Jan
Jan
49%
18
19
xl9
Dec
Parker
7
,14% Jan
24
13
22
7% Jan
Jan
7% Jan
■
Bale# fer
Jan. 28
40 Vi
39%
4 Vs
.
18%
*
3%;
40%
,
55
7%
19
23%
26
Va
*101%
*.102 Va
44
2%
25%
4
♦13%
55 Vs
103
18%-
24
*41
43
25%
14
55
*101%
-
/
**2%
14
55%
<:
1
8%
102
19%
23%
A'
4 Vs
4
14%
55%
105
_No par
Parke Davis Ac Co
4
40
9 Vs
102
v*7%
19%
♦103%
A
3%
40%
8%
102%
-
1
3T's
40%
4Vs
*14
14%
*101%
.
4
42
3%
9 Vsf
9
No par
com
Paramount Pictures Inc
7
26% Jan
4%
American Airways Corp—_2%
Petrol <fc Transp—5
4%
•
*41
4
Parafflne
,
3%
42%
No par
Panhandle Prod 3c Refining
7
3
1
Cara
■
7
Jan
,
Motor
3%
Panhandle East Pipe L com__No par
4%
preferred
2.
_100
27
24% Jan
=
Jan
30%
6% Mar
9
I
Friday
Jan.26
t per thare
42 Vs
.1
__10
Pan-American
24
40
May
3% May
33%
Pan
3
55% Jan
24
,
Packard
20
Jan,
102% Jan
*
28
103% Jan
26% May
Dec
9% Jan
17% Jan .27
Pacific Tin: Consolidated Corp
Pacific Western Oil Corp_—
•
5
.16
4
6% Jan
May
105
Feb
4% Jan
.5
Jan
8
10
3
99
Jun
4% Jan*;
43 Va Jan
"'
28
49 "A Jan
■
May
11%
Jan
8
>28
24 %' Nov
38%
Tharsday
*
Jan.25
-$ perthare
'
27
Wednesday
.
Jan- 24
A
,
9 per there ?,
Per
\
-Manday
<-*
Jan. 22
<••• -
.
(509)- 25
.
LOW AND HIGH BALE PBICEBT
<•.<*•
'
A':..
CHRONICLE
'
;■ EXCHANGE
''f:
:
y a;
9 per thare
v
*
■
NEW YORK STOCKS
,'
Highest,
,
3
13% Jan
Dec
Mar
23%
;»•
1 r >•.
27
Jan
;Jan
•.
•%r 4
■
3
39'% Jan
:
Jun
100
18%
*••
$ per-there
5% May
11% May
13% Mar
97
Range Since Jan.,1
.Lowost
3% Jan'
6% Apr
62% May
iDcc
.
■
9 per share *
Dec
39 %
8%
'
>
FINANCIAL
•
3 %
,
\ AA
.
Highest
9 perthare
4
7
BTOCEi
"v.';
&
11%
; 11%
1,400
Vs
9Vs
23
v
*11%
400
"
14%
Feb
44%
Dec
40 v*
Feb
48%
Dec
93
Dec
20 V\
Dec
22
Nov
104
20% May
64% July
59
55
21
Pfelffer
4
51% Jan
19
Pfizer
49% Jan
28
53 Vs Jan
21
Phelps-Dodge Corp
—L
—25
Philadelphia Co 6% preferred
50
17
Jan
13
May
50% Jan
4
94% Jan
5
98
Jan .24
23% Jan
4
14
$6 preferred
Phlla Electric Co
115%
Jun
110% Jan
27
21
22% Jan
24% Jan
3
Sep
■
112- Jan
•
3'
103%
Jun
Jan
7
lOO3,
Jan
21
111
Jun
106% Jan
3
108% Jan
5
Nov
>15% Jan
28
19% Jan
7
Jan
28;
Jan
81
21%
Sep
45% July
91
25% Mar
37'A Jan- 17
Dec
1
Jan
i
Jan
97%
Jun
82%
Nov
88%
Oct
88
11
Dec
13%
Sep
x97% Jan
12
Jan
Jan
92% Aug
77% Jun
10
Dec
14% May
Jan
Jan
11% Jan
H
V v 54%
Jan
28
Jan
10.
..
6"
88 V2
Dec
98%
110
34%
103%
Apr
Jan
Jan
Jun
10%
113
Dec
.
15%
•
30
*,
•V
~
t
3t
11*
Jan
24
26
.
12%
Dec
93 r;
Mar
■
Feb
138 7
Dec
157
Feb
30
Dec
7%
Nov
July
169
Jan
I
142
Jan
July
.165% Jan
27
Jun
31% Jan
3
10
Jan
8
Jan
14
Jan
Jan
21
28:
:
8% Jan
38%
Feb
20
Jun
Jan
170
'•
73%
Feb
96
Oct
•70%
Dec
82% May
Feb
26%
15
145
Jan
26%
Dec
161
7 i
7%
81 % Jan
3
Jan
70% Jan
20
.71% Jan
20 % Jan
8
21% Jan
Oct
.139
July
25
Jan
■
,
24 '
145% Jan
10
Jan
88
28
Jan
28
« per
thare
9% May
33-
"
-Jail
Lewest
t per thare
I per thare-•
<
12'A July
9 V2 Jan
% Jan
28
39
70%'May
Feb
46
Jun
35
Jan
Dec
16% May
II
Jun
3
13'% Jan
3
12%
Jan
14% July
5%
Nov
11% May
35'A May
26'A Jan
64% Jan
28
62'A
Feb
18
Feb
81
Mar
32%
Jan
Dec
20
28% May
18 Vs Jan
94
Apr
85
Jan
12 Vs Jan
Jan
Dec
32 Vs
Nov
53
Feb
42
101%
Feb
Feb
17 Va
Dec
77/s
Feb
20 Vs Jam
30 % Mky
'
Jan
31 % Jan-
*
May
-
108%
33
Sep
27% Jan
!
107
3
25% May
Jan'
4%%
.-
:
«
,-p *
-" 34% Jan
2fr
-
31% Jan
;8
26
Jan
10
•.
20% Jan
28
>*81
Co
Inc
of
Inc
♦81
A;
i:A
88
,
<
167
8%
15 Vs
*150
-1
.•
86
8 Vs
-
15
15%
V
142
-,
'
21%;
21%
21%
21%
26
>
J46
26
4135^8
143,s
87
*9%
41%
600
7%
36
*35%
13%
8V
;
12 Vs
14 Va
8-
■
36
11s,s
115 A
*27%.
28
27%
v
65 Vs
65^8
30%
31 »/s
30
15
15
*143
'
148-
33 7
8%
•
15%
a
4,100
$3
A
30
30%
3,400
.15
*170
148
1,000
10
-
175
8%
14%
•
8%
•
50
*150,
86
86
71%
»
146
*25%
26
*142
*144
148
25%
Wednesday
1,500
85
71
310
713i
180
*20 Va
25%
21%
145%
A
<
2,900
•
170
83%
21%
■
14 Vs
*150
71%
,
6,000
8 Vs
8%
170
87
34 >A
14
14%
170
:•
33%
34 »/s
:
145%
20
.25%
1,600
25
Tharsday
•
„
Jan. 27
•V f
9 per there
Friday
A
Salse far
Jan. .28
the Week
I per thare
per there
9%
9%
*9%
10%
*9%
40%
41%
39%
40%,
391V
*35 Vs
35%
35
Sharet
.
39%
35 Vs
36
*35%
10%
<
11%
11%
11%
11 Vs
11 Va
II Vs
14
13%
14
13%
14
7%
8
800
5,100
-
300
11 Vs
13%
7%
:
28%
27%
27%
64%
65%
64%
64 Vs
19%
19%
*27
.
27 Va
*27
64%
1,000
19%
19%
20
19 Vs
19%
85
85
851/2
85
85
39%
39%
39%
39%:
39%
39%
39%
39%
21%
21% -21%
21 Vs
21%
20%
21:'
20%
21
27%
27
27%,v.27:%
2.7%
27%;
33%
-34
•
34%
34%
33%
34 Vs
33%
30%
30%
30%
31
295s
30%
x28Va
108%'
108%
Vi
-
*107%:. 108%
*27%
*107'A
'
28
*19 V2
20%
13%
74%
108%
27%
*107%
27% 7 - -.-
27%
*27 •.•..27%
19%
19%
19%
13%
27
19
*:•'
*85
27 Vs
•
34%'
1
19%
19%
13 Va
12%
74
74
33
29%
27%
IO8V2
,
27.
19%
*108
; 1
19%
*19
27 3
32%
28 Vs-
27 Vs
"
s
50
1,700
33%
;
A.
•
1
27%
12,000
6,500
17,000
108%
19
12%
73%
100
A 800
A
19
12%
*19%
3,500
6,200
26% -J( 26%
267/s'
•
39%
27%
'
*108
IO8V2
"
2,600
21'A
-
27%:*
v
500
.
'85%
39
21 Vs '
•
8,000
?
14,500
19%
18%
*85
-
33Va'
:*
26%
<
85%
'
A
7%
26% ..'26%
64 Va
64%
64%
39%
*85
7 Va
*7%.
85%
-
500
•;
i
Jan.26
21%
Quaker State Oil Refining Corp—10
'
*140
175
<
*170
*19%
'?
130
.
13 Vs
15 '
,
*39%
;_No par
115, 1
13;
*8l%.
81% A 81%
v
*85'
Pure OH (The) common——Nopar■v.: 5% conv preferred
u
y—a._I00
Purity Bakeriei Corp———No par
102%
t
*101
13%
12%
21
v: 8 !-■
7%
28
65%
No par
31%
14
14
8%
*64%
No par
•10i.
•102%
15,700
*
13%
.5
*30%,
71%
41%
12
IOO
31%
21%
10
13%
*10 Vs.- 11 Vs,
♦21%
f perthare
■
42%
*35%
12'
54%." 55%
11 Vs
71%
A
Jan.25
9%
42
36
12
Taesday
$ per thare
42%
10
'
,
55%
34%
*150
71
21%
*25%
Jan. 24
42%
92-
-
54%
15 Vs
♦8 Vs
,
<88.
*142
Monday
9%
2,500
*id%; 11
*90
*101:
142 -}
33% '
15%
*70%
*20%
9%
:
*10%
;
170
170
170
*87
9%
11
92
*102.
i2Vs
81
t-81 -1
A 30%
31 '
8 Vs
*14%
71%
$ per there
10
<
13,500
31%
115
34%
*150
88-
Satarday
V
97
7,700
.
'
*88% ' 90
90
a
t
*96
;
160
J
8%
.26
97
>
*88%
11%
168
34 Va
71%
25%
40%
96%
192%
♦101
143'
168
88
25%,
87
40
51%
.
*102
-V
31
*140
'
15%
146
38 Vs
87
40%
V#
*10%
83
31
*15'A;
170
*142
37%
88
40
*90
*81-%
A
71%,
144
38%
*87
::
56 Vs:
10%
U'/.-
*70%:
144
38 Vs
-
i
200
20,300
'
35 Vs
15%
■
16%
88%
*30%
115 A
167
34%
15 Vs
92
102%
15%
146
18 Vs
11
31
220
108
88%
54%
so
1,800
100%
*107,%
*90
1
870
4,500
110%
*100
107 Va
,*; 96 Va
,
110%
.
100%
*10%
,11%
31 Vs
*140
<
170
85
83'::
V;:
111
'
.
102
24
107%
Va
40%
lVA-y. ..,.-10 V.
■?
15%
'
24
r
11
♦101
;
11%
31
8%
*14%
*150
i
14
92
30%
115
2,300
14,500
•16%
38%
.
40%
*96
90
32%
102 Va
34%,
•8%
:v.
1
com—
^
97-v*-,
*iovs!
•*>101
167
Colorado—l20
y
96%
*88%
*10%
;"55%.', 56%
15%
*164%
34%
No par
Industries
A.
4,600
49%
52%
97',%
97%
22 Vs .'22%'
24Vs
24%.
22%
*100
4
18%
37%
.
*90
,
V^
*87
40 %
11%
11%
146
$1.40- dlv preference com^-No par
Pullman
83
•
*140
preferred series A—50
Service
18
88%
57 Vs
>102%
.
?
31%, 31%
*15
10
com
Pub Serv El 3c Gas com
.7
108 Va Jan
28
■
,
5
Co
$4.75 cum preferred—
Public
27% Jan
•
conv
37%
39%
.31%
-
115 .:*'■'
1
Electric "Power
Publicker
7.
24
21% Janv 24,
4
Jan
Jan
39% Jan
1
Nopar
;Pressed Steel Car Co Inc
:
6
19
Potomac
37%
*87
,
19 Vs
*5i:
98
iio%
LOW AND HIGH BALE PEICEf
class B
12
•'
23
26% Jan-
July
n
18%
56%
Jan.
A Procter 3c Gamble
86 % Jan
3
Jan
6
Co
107%, 107%
92
*11% ...11%
'
,
Pond Creek Pocahontas
Poor 3c
111%
100 %, 100 %
,
*10%
102'/s
*101
.1
—
18
21
•
Vs
v
111%
90 V'
12
24%
107%
97
*90
24%
18 Vs
^
Plymouth Oil On
•
24
3
26
7
V
24%
100%
88
*10%
A
.
5
: Jan
3
52
V
22
112
•
41 Vs
*88%
V
32Vs..
102 Vs
-.
100
YORK STOCK ;
> 66% Jan
3
'
class B.
Plough Inc
24*
8% Jan
28
*31'A,
Fat
24
14 V* Jan
A
14
38
>:25'Vs
x25
Jan
3
-39% July
24% Jun
25
t'
6% Jan*
'
.
92
56%
57 V
*10%; 11 Vs
EXCHANGE
Jan■ 12
36
.
12
71%
Nov;:
NEW
20
;44% Jan-
-
4
11%
■
12
97
.
i
25
—
$ per there
10% Jan
10
-
Plttston Co (The),..
Highest
; v
*97
'
preferred class A
.'
—100
5%% 1st ser conv pribr pfd„ 100
Range Since Jan. 1.
Highest
29 V2
22V«
common
BROCKS'
A-
Year 1948
49'A
22 Vs
21%'
107%
38%
40%
90' A
*90
—__5
preferred
fttni* for Previous
Lowest?'
37%
112
18%
*86
96%
>10%
——Nopar.,
'
18%
;
v
*88 Va
10o
Pittsburgh 3c West Virginia.
—100
Pittsburgh Young 3c Ash pfd——100
6
28
18%
48.% A 50
50%
51%
*100%
107%
,
.96%
10Q
5%
27
,
;
24
.
<
July
46 %
•;
107%
88
4l
40%-
■
^
Dec
15% Jan
♦86
i
,
7--
"
10%
140
22 Vs
24%
38%.
Pittsburgh Forglngs Co__
^
1
Pitts Ft Wayne 3c Chic Ry com—100
7% gtd preferred.
y
100
Pittsburgh Plate Glass Co—.
lo
Pittsburgh Screw 3c BoltNo par
Pittsburgh Steel Co com—„^No par
26
35% Jan
4'
21%
24%
18%
Pitts Consolidation Coal Col
■
26
Jan
170
21
39%
v
22 Va
18%
-
A ,7
142
26
98
98
8
24%
100%
Pitts Coke 3c Chem Co com—No par
$5 convertible preferred—No par
Jan :;7v
16% Jan
.
*97
97%
21 7
112%
84 preferred
1——No par
Pitts C C 3c St Louis RR—*_!_ 100
21;-
81% Jan
32",
28
26
98
*100
..
Plllsbury Mills Inc
;
13% Jan 2V
3
Jan
Jan
-
19
50
49%
52%
*112
—
Petroleufn.
k
30
15
•
Apr A
155
81
.
36% July
Jun
23%
*52
108 Vs
Hosiery
*
80%
52
100%
4% preferred
3.80% series preferred-
Phillips
•'
102% Jan
3
51%
98
24Va.
.;
18%
49%
,
51%
112 Vs A
Reading Coal <fe" Iron——1,
Phoenix
•
Sep
Jun
18%
'
22%
'
20
32% Jan
5 "*V
100% Jan
18%
51%
•
*107%
r: Phillips' Jones Corp comi—__Ne par a.
:
5% preferred
—.—100
"7.-
4
Jan
52
98
*100
'%&:
30
51%
*112
Corp common
;—3
3%%' preferred series A_——100
•
10% Jan
•
51
50%
,—10o
—.——100
Philip Morris 3c Co Ltd common—5:
.58% Jan
8
50
51%
—:——100
preferred
preferred
4.3%
26
3 v.
50
50
24%.
,
,
Phllco
/
18
10% Jan- 13
87'A
93 Va Jan
jt
18%
50
52 Va
22%
No par
Phlla
24'
87
4 '
18%
50 Va
51Vs
52
No par
3.8%
•
7
40% Jan,
A 41% Jan
7
37% Jail
"•
87;
54%
".■I
"
84% Jan
July
39%
v
18%
50%
52%
'
*97 Vs
No par
common
$1 dlv preference com—
4.4% preferred.
1
18%
50%
52%
,
'
13
Sep
98
3c
19 Vs
50%
Co—1—-No par
Co Inc_—y—1
Brewing
(Chas)
-
'
20% Jan
25%
Jan
103%
\i
17
52% Jan
104% May
24% Jun
Jan
91
19% Jan
44% Jan
July
■
73 Va
500
R
63%- Feb
6%
Oct
Nov
89
25% Dec
22 %
j.
Feb
Jun
15
34%
July
101
Feb
45
39
Dec
10
May
4
Jan
15 Vs May
32
22
9VsJan,10
,
95% Jan * 24
3
.29
Jan
19
29% Jan
26 Va Jan
27% July
Feb
31
35
Feb
3
26
Radio Corp of America com—No par
$3.50 1st preferred—
Nopar
7'
3
92% Jan
Jun
x36
14% Jan,
74% Jan
Jan,
7% Jan
>11% May
98% Jun
Jan
31
16%
! 36%
12% Jan 28
70
75%, May.
10
Jan
4
33% Jan
x21% Jan
11
23% Jan
Apr
41V2 Jan
27
43
Jan;
A
4%
non-cum
Jun
34
Jan
28
36
Jan
A
4%
non-cum
lO'A Jan
3
Jan
106
NOV
Dec
18
•
May
105
26*
$2
Jan
7
28
23% Jan
25
Reecl
11% Jan
14
12% Jan
13
Reeves
105
Jan
Rels
8
Dec
14%
17%
Dec
8 Vs
Dec
25% May
13% May
52
Dec
8%
Dec
66
Jan
8% Jan
18% Jan
8% Jan
,
Aug
93% Jan
14
:
8% Jan
27
9% Jan
24"
54 Vs Jan
14
10
Jan
-7
81
3
27
20% Jan
4
Jan
26
,
27
15% May
/.
|9 Vs
Jan
Dec
99
Aug
7;8%
Jan
10%
Dec
29%
Jan
10% Jan
13% May
7% Jan
'5% May
2% Jan
6%
Feb
2 Va Dec
5%
103
Nov
11% May
Feb
■V.
33%
Jan
15;
Dec
£2,%
Feb
Oct
111 Va July
21% May
102
F'or footnotes
'' Oct
.12% Jan
Jan
*94%
95%
95^s
95%
*94 %
95 Va
*94
;
*28%
30
"
*28%
30
*28Va
*28%
28 7 b
*28%
28%
*33%
34
*33%
34
*22%
23
'
1st preferred
50
2nd preferred-:—50
Bros
Bit
Co
'
A
13%
74
•
A
<;
95%
29
*28 V*
28%
x283A
42
Jan
Reo
*28
33%
33%
33%
*33
22%
22 Va
22%
22
dlv
109 Vs Jan
16% Jan
11
99% Jan'
20
12
5
•
*94
33%
*33%
42
*41%
42%
42
41%
35
*34%
35
*34%
35
*34%
35 .'
11
*103s
11
*10 Va
11
*10%
11
*10%
11
*10%
*103
106
*103
12 %
*103
lf>6
23
*12 Vs
106
*103
>
106
*103
*
33%
*103
106
•
800
200
11
106
23 Va
22%
23%
*22%
23 Vs
22%
22%
22%
•
12'A
*12Vs
1,200
42 Va
-34%
*10%
•■
160
4,500
1,000
22%
*40Vs
34
600
11,600
28%
22
41Va
43,000
28%
28 Vs
%: 22'A
<
95%
*28
-
*34%
42
8
7%
28%
34%
*
12
12 Va
*12
12'A
11%
12'A
12
•
*8
•
8 %
*8
8%
3%
8%
*8%
8%
No par
*20%
21%
*20%
21%
*20%
21%
*20%
21%
5
*9 Va
9%
9%
9%
9%
9%
9%
9%
100
*53%
preferred
Motors
1
—50c
Inc
convertible
:
9%
1
common:
preferred—
1
50c
10
Corp com.
No par
6% conv prior pfd series A
100
Revere Copper 3c Brass com—No par
5JA%-
*80
25
Republic Steel
-
29
42
prior preference.——10
Republic Aviation Corp—
$1
"
•
v
■
8%
94%
28 Va
*22%
-
*34%
50c
Republic Pictures
8
74
-
1,900
.22%
12
1,000
(Robt) 3c Co—
$4.50
27
<
94%
-
29'A
'33%'
8
29
28 5 s
12%
12%
*73Vs
8 JA
22%
22%'
-
■:
*40%.
comnion.No par
Inc
pfd 3%% series
Remington-Rand common
7
3
6% Jan
Jan
Jan
common—
Conv
27% Jan -7
105 Va Jan
15
Roller
$1.25
8
85J»
A
5% Jan
98
•
1
Corp
A
Reliance Mfg Co common
*
,
8
■
54
9%
54
*53%
9%
*53%
9%
9%
54
*53%
9%
9%
54
8%
preferred
:
—100
i
j
1
12%
1
'
.
,
83
12%
*80
83
12 %
77/a
7%
2%
6'A
2%
12%
7%
2%
*6
25%.
*109
,
15%
*99
6
81
12%
734
9%
238
2%
6
26 3s
111%
=■109
110%
*6
255a
*109
6%
26 Va
110%
81
•
53%
9V4
*80
•
*20
9%"
9
*53%
9%
9%
*80
83
„
200
21
<
100
9%
1,300
54
10
9%
9,500
•81%
100
12
12%
11%
7%
7%
7%
7%
7%
7%
2%
2%
2%
3
2%
2%
12%
12
7%
2%
26
157/s
12%
83
7%
-
26 Vs
100
*80
9%
53%
>
20%
*9'/4
*8%~
8%
20%
.
"
24% Jan
-
seitpage 28.
3
*8%
;_No par
Reliable Stores
'
78%
8%
Real Silk Hosiery common——
5
7%
preferred
—100
10 % Jan
22% Jan
11%
Co
74
8%
*
'
1
100
preferred
Reading
13
74 Va
8%
—50
pfd
Raybestos-Manhattan
Rayonler Inc common
'
13 Va
74%
8%
1
—
Ralston Purina Co 3%%
13 Vs
74%
8%
_25
Radlo-Kelth-Orpheum
6
6
25%
15
16
15
15 Vs
15
99
99
98
98
98
•
6 Va
26 V*
*109
'
25%
*109
111
1,500
*4.300
6,000
6Vs
1,300
253/s
26,400
111
,
15%
-
6
6'A
25%
■
26%
111
•109
12
15
15
98
98
98
15
*97%
15Vs
98 Va
'
3,300
70
20
COMMERCIAL
THE
.,..(510)
Range for Previous
Range Since Jan. 1
Year 1948
Lowest
Lowest
Highest
1 per share
$ per share
4%
8
Dec
.I*
4% Jan
t per share
15
21% Jan '
V
2.t>o
Reynolds Metals Co com
—No par1
5%% convertible preferred
100
Reynolds Spring
;
■—1
Reynolds (R J) Tob class B_
10
3
26
21
Nov
29%
Apr
Mar
19%
92
104%
Jan
101
Jan
4
103% Jan
11% May
6
Jan
4
6% Jan
Dec
5%
33%
Dec
41'A
Jan
34% Jan
43
Dec
50
Jan
43
Jan
Oct
94
Jun
85% Jan
3
0 CO
Dec
Dec
102% Jan
37
4
103%
3
<
17
Dec
24% May
17'
Jan
Jan
49
Jun
24% Jan
Jun
5% Jan
9% Jan
28
Dec
4%
Sep
6%
Feb
19%
7'/a May
12
Feb
July
Richfield
Ritter
Oil
Corp—
5% Jan
5
Roan Antelope Copper Mines
19
'•10'AJan
7
Jan
3
25% Jan
21
Jan
4
23% Jan
3'
Ronson Art Metal Wks Inc
24
27% May
17% Jan
14
18% Jan
6
Royal Typewriter J
:—a
72
May
52 % Jan
25
5514 Jan
8
18'A
Jan
8% Jan
3
10% Jan
13
Ruberoid Co (The)
Ruppert (Jacob) !
:
Dec
16%
Dec
21% Jan
16% Jan
3
19% Jan 24
107%
oep
." ail
O
39%
Feb
44% Jan
20
a
l
1
i
61%
Jun
10% Jan
29'%
*20
l.j
-•<
5%
25
1
No par
5
common—
Lead
St, Joseph
12% Jan 25
Feb
16% July
48% May
3d-/8 ban
6
42% Jan
26
Jan
139 % May
110
Jan
17
122
Jan
25
58
Jan
101
Jun
91
Jan
19
91
Jan
19
non-cum
9% Jan
'7
Feb
79
8% Jan 28
13% May
91% May
Feb
8
u
|
85
5
*J dll
Jan
Preferred
St
15% Aug
10"% Jan
3
12% Jan
21 y4 jan
27
30% Jan
12
39% Mar
51
May
46% Jan
6
49
88
Nov
95
Jan
94
Jan
.7
x96
Jan
13
87%
Nov
93%
Apr
89% Jan
7
y'l
Jan
14
'
3
14
Jan
5
85
Dec
15%
Jun
12% Jan
Oct
87
Apr
83
13%
Feb
26% July
16% Jan
17
44
Feb
62%
54
20
*55
Jan
'
19
18%
26%
27%
26%
27
20'A
*20%
20%
*20%
5%
5%
5%
9%
Jan
18% Jan
Elec
3.35%
ll1
15%
Feb
20%
Jun
16% Jan
4
Feb
59% May
38% Jan
28
46
*24
25%
9%
13
8
Sears
26
7
Seeger Refrigerator, Co_i
5% Jan
6
6 % Jan
7
Seiberling Rubber Co—
3
'11% Jan
7
Servel Inc
99
Jan
12
27
Jan
3
30
Feb
46%
Oct
34% Jan
3
4
27
17%
Feb
27%
Jun
22% Jan
68
Feb
79
Dec
78% Jan
9
Dec
15%
Oct
1j
jan
Jun
34% Jan
Jan
:Jan
3%
a
3% Jan
7% May
Dec
9% Jan
13% Jan
'39%
1
6
24
Sheraton
12
42%
41%
122
122
93
*89
-
Silver King
12
8%
*83
*83
84%
,
8%
8%
Simmons
7
Si.monds Saw & Steel
7
Sinclair Oil Corp
7
:
84
84
Skelly Oil Co——
"12
12 Vs
11%
>12%
12%
12%
28
28'A
27%
28%
27%
27%
48%
,
12
29%
48%
48%
48%
48%
48%
*48
48%
95%
91%
*94
95%
*91
91%
*94
95%
*94
:•
91%
♦91
5
13%
*90%
13
13 %
13
'
86%
*85
86%
*85
.
95%
*94
90%
90%
-
13
25
*85
80%
17%
88
24
Jan
4.20%
% Jan 27
39%
41%
39%
40 %
17% y
17%
44
41%
16
'Jan
21
17% Jan-
8
Smith &
16% Jan
4
17% Jan
7
Socony Vacuum Oil Co Inc
99% Jan.
5
Jun
o
iviay
8%
,
3% Jan
Oct
7%. Jan
.
97
4% Jan
3
•
11
7"% Jan
13
Jan
24
44
54
Jan
27
56
Jan
12
Jan
3
37%l Jan
21
Carolina
South
3
Jan
5%
13
60
Oct
16%
Jan
44
~
Aug
42%
Jan
36% Jan
7
30% July
29% Jan
5
31
30% July
62% July
28% Jan
3
29% Jan 27
28
49% Jan
Southern
Pacific
Southern
Railway
70
39 ;'
5%%
7
,
12% Jan
Jan
36%
37V2
26%
26%
78%
,
9'A
r
5%
4
'
25%
.
,,
26
22"%
*120
•
3
41
Jan
Jan
13%
36
35%
*35
122
122
Highest
y
$ per share
5
Jan
19%
Dec
79%
Oct
17%
Nov
5
69
17
Jan
68
Jan
24
Jan
Jan
22% Jan
3
24% Jan
'30%
Jun
26% Jan
4
27% Jan
•
7%. Jan
May
8% Jan
3
74
May
23% May
64
Jan
5
15% Jan
25
29 %
25%'Jan
3
J an
101
Jan
Jan
4
68
Feb
Feb
121
Jan
73
*
103
Feb
53
Jun
Jan
21% Jan
.
Jun
36%
Jan
38%
common—No par
preferred
non-cum
YORK
*60%
*65%
100
100
A—A A'.
STOCKS
)
STOCK
t
...»
j
.
par
30%
*87
88 %
87
87%
*87
88%
97%
*97
97%
97%
*97%
99
16%
16%
*16
*16
16%
16'%
16%
17
16%
,16%
16%
97%
16%
16%
16%
16%
100 %
100%
100%' 100%
*100%
100%
100%
100%
100%
3%
3%
3%
(AG) & Bros Inc
-1
Withington
—No par
Spear & Co common—
1
$5.5o preferred
No par
Spencer Kellogg & Sons,
1
Sperry Corp (The)—,
;—_1
Squar" D
6
19
109% Jan
$3.50
-
Standard
97%
Jun
99
Jan
22
11%
Feb
15%
Oct
16% Jan
18
38
Feb
43% May
44
Jan
Nov
41% May
<38% Jan
7
36% May
12%
Feb
16% May
9%
11% Jan
of
Jun
-
Jan
11%
•Sterchi Bros
6
12% Jan
18
Jan
9%. Jan
Jan
15%; Jan
Jan
18% July
13% Jan
Stevens
18 % Jan
Dec
6% Jan
3
50% Mar
113%
Jan
11% Jan
98% May
90
<
70% Nov
120
July
9%
Feb
Dec
21 %
18%
Dec
26%
34% Mar
9
Dec
140
Mar
13%
43
Stone
8%
18
Jan
26
60
Jan
117% Jan
3
26
Jan
17
27
11% Jan
8
17% Jan
13
Jun
Jan
27
Jun
18% Jan
27
19% Jan
7
July
37% Jan
3
40% Jan
13
17
9% Jan
6
Jan
11
9
Jan
3
Jun
154
Jan
28
Jan
3
14%,Jan 12
36
Dec
19%
Jun
13
Dec
31
7% Jan
92
10% Jan
117
11% Mar
235
8
53% Jan 28
15% May
17%
Jan
44%
Jun
32% Jan
4
Nov
16%
Jan
8% Jan
20
For footnotes see oaee 28.
_1
5<
Corp
comtnon—-1
16%
16%.
.
3%
3%
7%
7%
*
43%
*43
43%
*53
54
*53
54
12%
*12%
12%
55
12%
38
*37%
*37
38%
*37
12%
30%
A
200
400
16%
'
42.000
100%
1,200
.
3%
2,900
•
7,700
7%
7%
7%
400
16%-
3%
3%
7%
*43
""
100
43%
43%
*43
54
54
*54
55%
12%
37%
37%"
37%
•
12%
*12%
12%
300
37%
1,400
"
37%
37%
*37'%
39
*37'A
100
.
*37%
*37%
31
30%
30%
30%
29%
29%
29%
29%
29%
29%
4,500
46%
30%
39
30%
39
30%
30%
30%
'
3%
T
7%
*43
*52%
40
39
48
46%
47%
46'%
46%
11,300
39%
39%
38%
59%
60%
*59%
60
67
*65%
67
168
Jan
7
9% Jan
5
.
.
!
*
——20
*65%
LOW AND
.
39
A
30%
4,800
.
*
Sun Oil Co
Class A 4%%
pfd
Sunray Oil Corp common
4%%
4%%
Sunshine
preferred
preferred
Biscuits
series A.
series B
Inc__
1
No par
No par
100
1
25
25
12.50
_10c
25 <
Superior Steel Corp—
50
Sutherland Paper Co.
—10
Sweets Co of America (Tbp)_.4.16%
Sunshine Mining Co__
Superior Oil of California..a
*65%
39%
5,800
"
1,100
.
PRICES
■
A
$ per share
12%
12%
12%
5%
5%
5'A
5
-
5%
5%
4%
4%
*4%
68
24
24
27%
27%
68
69
24
8
8
8%
*10V8
*16%
19
85 %
102%
*102%
102%
187/a
17%
18%
18%
'
.
84%. -84%
23%
23'/a
23'A
23%
*106%
24%
109
*107
108 %
*106
118
*116%
'
.•84% ...85%
117%
A
108%
22%
1
85%.
*84%
.■
*105
107
116%
1,000
118%
117
117%
117%
*115%
65
65%
64
65
63'A
64'A
60%
62'%
61%
62
11,500
39%
38%
39%
38
38%
38%
38%
38%
38%
18,900
!71%
72%
71%
70%
70'A
42,400
24%
25'%
24%
24%
24'A
24%
99
99
99
99
99
A
.
*98
37%
12%
•
<
71-A-
,
-
71%
70%
••:y 70
24%
24%
*98
-
69%
A
9,300
24%
24
1
400
99
*97%
99
'
38
t
*97%
15%
16'A
-
*42% ••' 44
44
*37
37%
12%
12%
37%
38'/a
*97'A
100
16%
15%
15%
!
*42%'
-
12%
*12
12%
37'A
*12
37%
99
38'/a
100
99
26%
26%
26%
26%
13%
13%
13'A
13
10%
10%
10 %
16%
16%
16%
16%
16%
14%
13%
14
13%
13%
19%
20'A
19'A
19%
19'/a
19%
10'/a
.,
-
10%
37%
.
*98
,
10'A
14,400
15%
"
44 '■;
100
36%:
500
1
12
j".,-
1,500
;
'
'37%'
25'A
3,500
26'A
127%
13
*10
10%
1,800
10'A
■
16%
16%
13%
13%
19
19%
18%
19
600
16%
13%
4
,
,
3,100
16,600
,
'
7%
7%
91
56
*117% 118%
10%
10%
17%
17%
19
19%
*39% 40%
*9%
.9%
165
165
*14
14%
*35%
36
*8%
9%
.
>
*91
7
,
2,800
.
13%
*16
8,700
200
26%
;
••
!
V
100
13
13
16%
13%
11%
37%
100
26
.
36%
12%
.
37%
13%
.10%
37%
100
26%
13%
:
*35
*42'%
44
*42%
•
15%
15% *
15%
37
35%
38
44
26%
10 %
16V2 ,
13%
20.-A'.
7%
60
16,200
22%
22%
23'A
108
*105
—-
36,300
118
44
13
.*84
85
23%
900
*102 %
*102'%
*83%
25%
19%
*102%
19%
70
2,600
25'%
102%
103%
19%
3,200
15%
25%"
25%
19 Va
7%
68
25'A
26 %
4,300
7%
■
15%
'25%
25%
,
800
"'27%
,
68
'
15%
26'A
103
■'A
7%
67
15%
19
■V
15%
.15%
,
7%
67
67
15%
15%
38
38
*97
100
26%
26'A
*13J/2
13%
a
67
67
15%
46
*12%
7%
7%.
7%
*66%
23%
1
26%
200
560
69%
23%
27'A
1,400
1,800
5
*68
:
23%
26%
'27%
,
5%
5'/a
*4%
69%
23%
;!
12%
12%
"V
"
39%
A
38
27
27
*68
24%
Shares
t per share
5%
5
for
the Week
Jan. 28
Ay
•
12%
*12%
•69%
67%
16V8
*37
7%
8
*23 %
*102 %
24%
16
*44
91
56
•
*68
24%
26%
72%
99
27
68
16'A
39 %
72 %
24%
12%
16
19
19%
*83%
85%.
23%
23%
*108
109y2
*118
118%
65%
65%
99
-
*65%
*15%
16%
*26%
26%
*102% 103 %
39 %
*23%
27%
.27
66%
66%
•
'
5
70%
AV
share
5%
*4%
5
A
24
*68
> S
per
.5%
*12%
.•
Jan. 27
Jan. 26
12%
5
«
common
HIGH SALE
•
Sales
*4%
19%
Chemical Corp common
61
67
$ per share
tper share
13
13%
$4.50 series A preferred
60%
*65%
Jan. 25
Jan. 24
A
5%
1
(The)..
60
67
60
60%
67
*65%
*5%
—No par
& Webster
*
Sun
15
& Co Inc
Studebaker Corp
.
6% Nov
91%
(J P)
,
28
Jun
50
No par
Inc.—.
Stokley-Van Camp Inc
5% prior preferred.
3
29 %
Stores
Stewart-Warner
4
16% Mar
preferred.
>
3
20
-25
Sterling Drug Inc common
5
3%%
preferred.
—.l.IOO
28
Dec
convertible
Starrett Co (The) L S
3
Dec
Jersey
Ohio common—U0
3%%
4%
3
24% Jan
•
New
25
preferred series A
_100
Standard Steel Spring common—1
<
,
28
35% Jan
94 v
Jun
No par
Indiana—
Oil of
24
36%
Oil
California
of
Standard
7
Oil
Standard
7
15
No par
No par
7
26% Jan
97
preferred
preferred
Standard Oil of
<74% Jan
Dec
prior
prior
8
Jun
No par
$7
13
35
com—No par
$6
Jan
92% Jun
Inc
preferred
41% Jan
15% May
No par,
—
Brands
67% Jan
Oct
Feb
Co—
Standard G & E Co $4 pref—No par
13
120
-
_!—2
Spiegel Inc common..—"
Conv $4.50 preferred-,
10
88% Jan
Feb
23%
16%
.
43
*12%
37%
67
*12%
,
Standard
Nov
3 9'A
31
3%
7%
7%
7%
t per share
Sparks
17
89
11% Mar
1,400
30%
88%
*96%
43
Jan, 22
;
5
Squibb (E R) & Sons commonl—1
$4 preferred
No par
69%
88
•30%',
31
*86%
31%
Saturday
-
v
Spalding
7
23%
32 % Mar
1,500
39%
28
25% Jan
-
Oct
54%
500
22%
38%
16% Jan
7
26% Jan 20
Jun
97%
20%
*22
39%
7
Jun
*20
23
38%
7
91%
'
20%
23
60
20
29%
27% May
109% Oct
86
«
73
29%
1,500
20%
61
5%
7
Dec
104
300
31,800
'
20
88
88
;7%
37%
A
23%
•
29%
$ per share
3
Aug
Nov
115%
47%
7
22
95
115%
28%
7
63
K
116
47
Co
EXCHANGE
6% Jan
4% Jan
21% Aug
115%
29%
,25
"
21%
48
NEW
13% Jan
8% May
14
21%
28%
.
Dec
Feb
.*34%
22
48
Highest
V
4
Dec
.35
21%
48%
39 V
—25
Edison
2/J00
35% A
35
23
31
25%
119%
;
20
24
2,000
2,300
22%
29 y4
Range Since Jan. 1
Lowest
26
7%
25%
28%
California
Mobile & Ohio stock tr ctfs
Jan
15%
25%
48 %
Jan'
12% Jan
61 % Mar
25'A
A
9,600
5%
4
97%
31%
44
; 55
*3%
*96%
.
.
20%
23%
A;
3%
5
35
v
21%
31
24%
24
13%
35'A:
37/s
35
117
13%
36 A
;
5% A 5%
35
25%. .25%
600
34%
13%
*13%
100
1,200
9
8%
9%
•
5%
35%
*19%
20
*19%
,
•
28'A
3%'
V
3%
22%
22 Va
118 A 120 A
A
13%
37
;
5%
25%
: *35
23%
22%
.*9
7.50
26
20% May
7% Jun
:
9
No par
7
7
61
Feb
Feb
78%
38%
30%
preferred—
Southern
7 '
3
4
20%
*78
*37%
*36%
30%
8%
7
Jan
38
t per share
Dec
78%
5'A
""
12%
4,600
78%
13%
■
$ per share
4,700
78%
37%
,
30%. 30% ;;
*86%
87% A
97 %
97%
*15%
16%
16%
16%
100% 100% A
*3%*
3%
*54
36%
25'A
13%
24
——50
36%
25
36%
,
20 %
7%
2,700
37'A
25'%
V5%
122
*43
28%
36%
5%
25%
*100%
25
.9
26
4,900
-
26%
13%
25%
35 %
23
*35
9%
>V
300
6% A
10%
102
37%
*78
4
600
,
"78%
e-:X 4
20,200
•
36%
26
*9
A 4
300
6%
10'A
,10%
•
.."38'A'
10%..
*5%
6 ;a:
10%
29%
38 %
4
3,500
10%
•
102'%
:;':<A 5%
'4%
?,
28%
*13%
,
2,000
39
*5%
*100%
37%
13%
200
17%:.
37%
38%
'10%
29%
29
*78
A
3,700
54%":-
38'/2
;
€
A
*100%' 102%
26%
:
5%
38
10%
6 Va
37
26%
.
17%
17%
10%
28%
36%
'■'•
9%
9
38%
50
28%'
17%'
54%
•
39%
'
,
26
79
6 %•
10%.
"South Porto Rico Sugar com_No par
3
58% Jan
Jun
Year 1948
f
*100
102
*78
6%
10%
102
12%
Range for Previous
Lowest
10%
'
*12%
26
Jan
6%
10 %
Greyhound Lines__—5
Southeastern
12
,36% Jan
preferred.-
conv
6%
36%
5%
15
pfd—100
17
56
17%
6%
29%
*38%
,
17%
■
July
73
30
2,500
13
86%.
.'
39%.
10'A
28%
*23%
Southern Natural Gas Co__
46 % Jan
50%
.
'
"38%
10%
,
*19%
—
—
6%
38%
IOV2
*100
29 %
Co com_4.50
& G
E
preferred
43
6%
38%
10%
*6%
26%
Corona Typewriters_No par
45% Aug
*6%
38%
10%
*78
9%
Solvay American Corp 4-%
South Amer Gold & Platinum——1
100% Jan .24
67/a
39 %
10%
102
36%
100
Jun
3
*6%
38%
*10'A
6%
39%
,
10% A.
6% V.
.
,
17 y8.
*54 -A
„
43'A
20
preferred
July
Vz Jun
'
'
13
A
17
17%
.56
'-'17%
*54
17%
—10
Corp—
98
23
500
.
91%
! *84.
86%
*85
17%
17%
17%
*53% A 56 "
,
17%
29
Smith (A) & Sons Carpet-Co com—20
3%% preferred
—100
31% Jan .24
3
17
OJ
(A
26
104
A.
95'%
*91
13
12%
3,900
16,100
27%
.48%.
,.*94
,
150
».
12%
117%
27%
*48
,
12,400
'84%'
w
54
*100
15
Sloss-Sheffield Steel & Iron—
95% Jan
.85
85
12
10
■'
8%
'
17%
No par
Smith
Jan.'
"
A
'93 ;
*84
28%
n
17%
*13%
No par
■
_•
,
7
27%
60
112
8%
8%
8%
54
—No par
Co—
7
Jan
7
84% Jan
8,300
41% A
,
A*88
93
*88
8%
8%
84%
'
93
;
56
Coalition Mines——_5
Jan
Jun
3,600
26,600
"
13%
1
21% Jan
Apr
11%
112,
;
.
45
11%
41%
!,
117 V
117
200
45
.
42%
41%
120
*117
*89
!
1
Pen Co—_
Corp of America
17
39%
11,500
11%
91
10 %, "10%
—No par
Jan
90
19
112
45%
124
8%
49
.
15
(W A)
Shell Union Oil
21
4% Jan
22% Jan ;<: 3
'
A—_No pai;
127% Jan
xav4
18%
111%
112%
45%
!(lll% ; 12%
•42%
40%
41%
*112
45%
45%
17%
,_No par
Corp
27
Oct
f. 35% «Jun
'k' A ■ r
400
>
19%
19%
111%. 112
112%
■
19%
19%
19% A 19%
112%
19%
91
14
1
1
115% Jan
Jun
25%
.
Steel
Sheaffer
5
Jan
5% Jan
21% Jan 28
160
7
27 % Jan
33% Jan
Jun
1,100
10
*9%'
112
41%
29%
39%
*10%
*6%
,
—No par
Oil & pas
$3.50 conv pref ^series
Shattuck (Frank O)
36% Jan
25% Jan
Jan
Sharon
7
3
May
44
53%
10 '
52%
10
*120
>•
86%-
Sharp & Dohme common—!_No par
Jan
4
36
Dec
preferred
79
3
32 %
25
common
Shamrock
17
& .Co
26% Jan 26
3
Dec
Roebuck
$4.50
7
Jan
—_5
1—__No par
Seagrave Corp—
5
'38
,,
28
7 %
14
Feb
Jan
29% Jan
4
46%
Mar
4%
100
8% Jan 28
Jan
52%
10%
52%
10
12%
12%
1
Jun
52%
52%
10%
*17%
1
10% Jan
Jan
2,400
52%
*43%
*6%.
5
36%
2,000
18
52%
*10
*53%
1
6% Jan
104
100
25
*23
18%
*17%!:
rNo par
11% Jan
Nov
12
of Del
Co
39% Jan
Feb
28%
Seaboard Oil
7-
5% Jan 27
24%
1,500
22%
18
11%
*85
1
Finance Co—_—-
Seaboard
18
10 'A Jan
94
'
18
22%
12'A
*13%
C-i-No par
37% Jan 28
Jun
-9%
22%
23
18%
12%
*94 ,
95 %
*90%.'91%
,
A——AlOO
series
preferred
,5%
14%
Dec
5%
9%'
23
22%
18% :
45'A
84 %
*48
100
12% July
8% May
Dec
5%
9 % Dec
200
3,600
5%
25%
-
23 %
18%
44%
8%
29%'
(The) common—5
Co
preferred
Oct
8%
Feb
19,200
20%
*
23
18
46%
*12
1.75
43% Nov
Mar
19
'
45%
*83
5
Inc
Seaboard Air Line com vt
7
Jan
35%
5
19
'
18
31%
1,600
18%
28%
20 %
9%
4
'
Jun
600
1,320
9%
5%
9%
*24
100
89%
105%
89%
105
105%
18-
19%
-
121
91
*88
8%
series A——100,
4.40%
industries
Scranton
20
Jan
Jan
5
Paper Co common!——No par,
$3.40 preferred
i
No par
Scovill Mfg Co 3.65% pfd
—100
Jan,10
12
5%
52%
10'%
.112
42 %
121
Scott
Jan, 18
79
pfd
ocmmiey
1,200
6,700
45
*43.%
89%
105
80
6%
<-5%
20%
12 %
*41%
,
Savage Arms Corp
7
35% May
8%
44
*89%
5,600
2,300
•'
36%
6
36%
27'A
19
28%
20%
45 'A
■
12
t C—100
*v
Ry Co—100
preferred
L100
Regis Paper Co common—
1st
27.
Feb
25% Mar
5%
series A
19%
112
45'A
St Louis Southwestern
:
6%
44
89%
103 %
36%
23%
52%
10%
10%
112
St L-San F Ry Co com v t C—No par
,
67
Feb
17%
6%
105%
4%
22%
103%
36%
45
89%
105
4%
18%
19
27%
26
23
.18
54
19%
L100
10,
L_
preferred—,
32%
8%
*24%
23%
6%
Shares
share
.
for
the Week
22%
!
;104
*103
37
45
89%
105%
•
103
6%
45
*89 %
105 %
t pe
5
23
36%
37
*44
44
4%
*22%
103
6%
6%
36%
5
23
Sales
Jan. 28
S per share
4%
104
*103
89%
89%
105% 105%
19
19%
28%
29%
*20%
21
5%
5%
9% * 9%
25
23%
17%
*52%
*10
—!__.—5
48% Jan '..3
3
9%
!
$ per share
22%
Friday
Jan.27
22 %
5
4%
Thursday
Jan.26
s
;
Safeway Stores
,11'
jan
*5%
2
Dec
Mar
105
19%
—
8%
17
54
45
89%
"105 %
19%
29%
21%
5%
9%
Robertsha\v-Fulton Controls com—1'
4%% <conv preferred—
25
'
'
44
*44
*89
No par
28
6%
36%
Wednesday
S per share
22%
PRICES
SALE
Jan.25
22%
22%
103
103
*6%
6%
36%
36%
104
*6%
36%
—No par
Company—
12
25
Nov
13
22%
10
Jan
21
5%
22%
* 102%
100!
LlOO
1
Series
3.60%
Preferred 4.50% series!
Rheem Manufacturing Co
1
26
5%
HIGH
AND
Tuesday
t per share
5
5%
$ per share'
Par
\
Inc
Preferred
30% Jan 21
.
'
29% July
24'A
15% Mar
,
Common
5
19% Jan
3
17%
25-
105% Jan
3
18% Jan
Jan
89% Jan 28
4
15%
6f
Jan
45
11
80
■
Rexall Drug
6
Jan
•23
Jan. 24
LOW
5% Jan
t per share
May
Monday
Jan. 2a
■
EXCHANGE
•
Monday, January 31, 1949
RECORD
Saturday
■'
STOCK
NEW YORK
Highest
i
STOCK
YORK
NEW
STOCKS
CHRONICLE
FINANCIAL
&
56%
56%
'117%
118%
10%
*17%
7'A
7%
92
11
17%
•
91
56
*117'A
7%
7%
92
56
56
,
7%
1-
/•
*91
93
53%
55
A 54
117%
117%
.*117%
117%
7%
2,900
93
30
54
1,700
118%
20
11,900
1,800
10%
10%
10%
10%
10%
10%
10%
10%
*17'A
17%
17''A
17'A
17
17%
17.
17
18%
18%
18%
18%
38%
38%
19'/a
18%
19
40%
40
40%
9%
9%
9'A
161
14%
14%
35%
35%
35'A
...8%
8%
*8%.
9'A
9'A-
9%
161
35'A
40
*39
9'A
14%
14%
*91
•
117%
U8%
19%
165
7%
92
54
*39%
'161
7'A
91
156
A
.
156
14%
14% -
35
35
*8%
9
18%
,
9
156
18%
40
*39
,
A
„
14%
*34
*8%
9%
156
14%
35
9
,
.
9
154
155
1,900
1,000
9
14 %
*34
8%
2,200
.
14%'
>35
8%
1,100
2,000
300
200
Volume
iNumber 4773
169
THE
COMMERCIAL
NEW
Range for Previous
stocks
Year 1948
Lowest
Range Since Jan. 1
Lowest
Highest
new
york
Highest
&
YORK
'■
FINANCIAL
STOCK
t per share
I per share
Saturday? Z\t>.
•
Sper share
Par
28 Zb
Dec
36%
Jan
28% Jan
4
32% Jan
25
Swift
8%
Dec
22
Jan"
8% Jan
3
11'a Jan
8
Swift
17/a
Feb
26
79
Dec
91
4% Mar
Jun
21% Jan
Aug
t
82
24% Jan
7
7
86% Jan
27
4% Jap
7% May
28'
Jan
3
5 'a Jan
7
'A'
11% May
I per share
32%
31%
10%
10%
11
10%
10%
23%
22%
23%
22%
23
87
86
86
23%
1
•———
5%
14
_T—9
7
Telautograph Corp—_—.———5
*4%
16 % Jan
17% Jan
7
Tennessee
17
51% Jan
55
7
Texas
(James)—
Corp
25
25% May
14% Jan
17% Jan
7
Texas
Gulf
Feb
71'A July
58
Jan
61% Jan
7
Texas
Gulf
25
20
Jan
Oct
—5
Co
Nov
48
Za May
38% Jan
27
43% Jan
7
Sub
45%
Dec
Jan
14
46
Jan
3
Texas
Dec
65% May
20% May
43
10%
10% Jan
3
11% Jan
7
Textron
xl4%
Dec
24
15
3
15% Jan
10%
*10%
4%
54
10%
*4%
17
*10%
4%
share
&
Dec
14%
Jan
5% Jan
Dec
46 JA
Jan
26'A Jan
29
Jan
26
12%
Apr
15 Va Ma/
12% Jan
13
Jan
11
The
5'A
Dec
10% May
6%.Jan
19
Thermoid
37% Jan
7
34%
47 %
Jan
Dec
13%
Apr*
Apr
6 Vz
Dec
24
Jun
6% Jan
5% Jan
-
>
35 % Jan
6% Jan
7%
'Oct
39%
Feb
85
Feb
10%
19% Jan
8
Jan
20
8'% Jan
7
59% May
42% Jan
45% Jan
7
95 »A
86
89
"
Jun
Jan
4%
Jan
Nov
27% Jan
53%
54
95 V2
Feb
32%
Jan
17
104%
Mar
40
Dec
10
8
8
55
Dec
9%
13%
53%
52%
51%
52 %
16
'
15
3/e
15%
14%
15%
61%
60
%
22%
60%
22%
22
22%
60%
60 Za
21%
4,900
21%
21
21%
20%
21%
20
20 Za
12,000
39
40
*41%
41%
41
41%
*44
45%
45
45
*10%
10%
10%
10%
15%
15%
15%
15%
.
40%
38%
39%
39
39
44%
*43%
44%
533/4
43%
43
43
10%
10%
10%
11
10%
10%
10%
10%
1,900
15%
15%
15%
15%;
15%
15%
*15 Vb
15/4
1,000
1,100
Jun
5%
Dec
14%
m
13
4% Jan
Jan
26
5% Jan
8%
44%
44
87%
87'A
*35/a
36/4
*7%
7%
7/b
19%
19%
19%
8%
*8%
8/4
44%:
44%
44%
86%
*86%
8%
44
*86%
*8
86%
103%
103%
103%
17%
Axle—.
6
20th
13
5%
6% Jan
7
Twin
570
18%
17%
18%
17%
17%
17%
42%
173/b
17%
42
4,200
41%
41%
42
17%
413/4
17%
42
42%
41%
42
3,500
4,100
10%
10%
10%
10
10%
10
10
10
5
*12%
12%
12
10%
12%
10%
12 %
10%
11%
11%
12
11
16
103/4
*15%
16
16%
103/4
113A
15%
15%
16%
16%
15aA
16%
16%
1,300
6%
6"%
20,000
100/a
100%
Corp-.common
1
7%
100 %
5
6%
7%
100%
100%
14%
—
14%
*20%
No par
*98%
preferred
50
100
*
100%
100%
,14%
14%
14%
14%
14%
14%
20%
20%
20%
20%
34%
*33%
34%
*33%
*98 %
100
100
34%
*98%
*33%
100
6%
6%
6%
*26%
27%
26%
26%
*6%
6%
*6%
6%
1,600
20%
8,300
34
100
*26%
6%
14%
20%
6%
6%
*6%
230
13%
20%
34%
*98%
6%
27%
27
6%
*98%
5,900
14%
20%'
6%
6
27
6 %
63A
100%
21%
5%
*25%
1
7/b
100%
14%
34%
Co
6%
100
6%
100
*33 %
21
*33%
5%
7
16%
6%
20%
par
par
par
10%
100 %
7
No par
;
prior
17,900
42
City Rap .Transit com—No
Coach
23 5A
103%
.
2
Coal Co—
conv
300
23%
103 Za
24
2,100
No par
prior preferred—
$4.50
Twin
220
•
3%
27%-
18
Century Fox Film com„No
conv preferredNo
24
88
33/b
27%
42
$1.50
25
338
28%.
No par
»
Corp
preferred-
Truax-Traei
103%
33/B
>
600
—-w
3,600
5
Bearing
Transcont'i & Western A1t Inc.
$6
103%
103%
3%
29
400
'
44%
)
87%.
'
1,100
7%
19%
*8
87%
87%
•
*8
43
36%
7%
19%
103/a
6% Jan
4
8%
'
103%
27% Jan
>
6*
89
19%
45%
*35%
36%;
*6/a
200
6%
103%
18^
-98% Jan
3
Jan
*87%
7
20
6%
103%
Transamerica
13
Jan
*8
44%
45
7
*19%
'
4
•
8% May
32%
45
*35%
7
19%
19%
8%
*7%
No par
36%
7
7%
20
6%
24%
Tri-Continental
100%
*35%
*35%
36%
*7
380
13
6%
23 Zb
7'
Dec
36 %
*35%
*19%
6%
13
24%
7% Jan
Jun
6%
13
24
6% Jan i 5
Jan
4%
6%
1
Transue & Williams Steel
Jan
6%
25
7
Jan
6%
300
29/4
6%
24%
7
-
*28%
6%
24%
20
•••.
28%
*12%
*6%
5%,
24%
16% Jan
34
28%
13
5%
*27%
23%
13 V Jan
21
29
*12%
5,800
5%
28%
13%
3%
Detroit
3
5%
28%
*12%
*27%
Roller
6
5%
27%
12%
3%
Timken
19 % Jan
5%
28
12%
28%
Timken
-.32% Jan
98% Jan
5%
28
13%
3%
11% Jan
Jan
5%
27%
27%
10
25% Mar
5%
27%
100
Co
4
36%
5%
7,500
40%
*12%
15
19
Dec
*5% /' 5%
22,200
*43%
3%
24
—
200
1,500
15%
29%
Jan
is y« Jan
51%
-
~
60%
3%
19
3
52%
53%
*28'A
42% Jan
13% Jan
51%
52%
3%
4
•
17
29%
4
Aug
16%
'
1
com
19
19 %
16%
3%
39% Jan
102% Jan
16%
*28%
A17% Jan
3
4%
com__No par
8
Jan
105/8
*4%
$3.50 cum preferred
No par
Tide Water Associated Oil com—1Q
$3.75
preferred.
;
„No par
104% Jan
100
*10%
4%
16
Corp__No'par
Jan
17% July
92
4%
preferredThompson-Starrett
3
10% May
107% July
10%
*4%
61%
(The)
Jan
12 >A Mar
24
Co
15% Jan
Feb
*10%
4»'B.
16%
15%
preffeired—_^_50
Transit
Steel
10
Nov
31%
Avenue
(, Jan
Apr
10%
*4%
16%
60%
,
10
23%
*103b
4%
17%
No par
Jan
Nov
2,300
16%
No par
V; .22% Mar
Nov
96
conv
21
.,
190
4%
60%
1
common
25 % Jan
103
May
...
Co
4
July.
4%
16%
100
preference
22% Jan
23% May
15 >A
5'A
Jun'
28
10%
4%
17
50c
Thompson (J R)
Thompson Products
13
29'A Jan
3JA Jan
/ 31%
Jan
3% Jan
1% Mar
19% Mar
19 Zb
Third
Thomas
4%
4%
s
87
No par
div
8
Jan
Jan
*85/4
60%
Ry Co_
preferred
conv
$2%
7,600
86/4
-
10
Fair
6
7% Jan
'
19
$2.40
21%
16%
Thatcher Glass Mfg Co common—_5
8
21%
60%
common
conv
25'A
5,200
22%
x31
60 %
ctfs__
Pacific
Inc
$1.25
22
10 5/8
86
•;
5
.
4,300
10/a
22%
-
17%
16%
(
5'A
5
5%
•
,
31/4
10%
*16%
Pacific Coal & Oil
Feb
Jan
*5
5%
Pacific Land Trust-
29
May
5%.
*85%
32
10%
.
1
Texas
7
87
Shares!
tper share
31%
,
No par
Producing
Sulphur
Texas
23% Jan
*85%
5'A
*10%
4% Jan
19
.
the Week
T "ft
10% Jan
47
23
te*
X .V.
67
Nov
23%
87
32
Sales
Jan. 28
tper share
10% ~ 10%
3
Jan
8 per share
32
14
Jun
share
Friday
Jan. 27
32%
19% May
Nov
Jan. 26
32
Corp..
;■
Inc
S per
Thursday
32
3*% Jan
Talcott
$ per share
v
k
•
Wednesday
}
•
10%
*85%
27
'
BALE PRICES
Jan.25
31%
lti% Jan
5%
Tuesday
Jan. 24
Jan.22
Jun
Dec
14% Mar
15'A
I
"ft
9/4 Mar
52
Gould
Monday
25
:
Symington
•> •'
Ltd———-—
Co
International
Sylvania Elec Prod Inc com—No par
$4 preferred————
—No par
.
3%
&
RECORD
LOW :AND HIGH
■*»',
stock
exchange
(511)'
\
•
?
J per share
CHRONICLE
34
*98%
6%
.27%.
6%
200
100
6%
63A
26
2,600
26
6%
80
6%
700
U
9%
Dec
12
Jan
Dec
59'A
Jun
40
9% Mar
16/8
Jun.
10% Jan
39
27%
37 ZB
103
Feb
39% May
Nov
43/4
Oct
91
19% Jan
Feb
9% Jan
46
Jan
3'
12% Jan
107
Udylite Corp
12
7
Jan
Underwood
j
Asbestos &
Union
Bag
.-:X Jan,.-7
110% Jan
.
98
Jun
94
Jan
13-
-94.
Nov
90
Jan
86
Vb Jan
7
90
Feb
38% July
28
Jan
28
30% Jan '■},• 7
793/4
Nov
Jaii
-
13
Jan
28
Union
Oil
11;
89% Jan
21
Sep
96% July
51% July
83% Jan
45%
48% Jan
,3>
Jan
14
.
31%
Jan
41%
Jun
343/4 Jan
15'
Jan
5
*
22 %
Dec
30% May
22% Jan
3'
24% Jan
7
A United
103%
/
Nov
110%
Jun-
9%
Nov
19%
57%
Nov
90% Mar.
19
Jan
23%
107
6%
Dec
Feb
38%
29
2% Nov
41
2%
x39%
Feb
Dec
4% :Feb
60
-.13% Jan
9
12
United
Board
18
United
Carbon
28
United-Carr
4
2'A Jan
41
-
Jan *
Feb
28%
Jun
20
Jan
Jan
46%
Jun
38
Jan
58% May
18%
Dec
23
Dec
21% May
19
Jan
25
5% Jan
i.
7
22% Jan
20
3
52% Jan
::
6
17,
19% Jan
7
3
12% Jan
7
11% Jan
/
■
United
Gas
>; United
16%
89
'
$ per share
Feb
15%
Range Since Jan. 1....
Highest'
Feb
Feb
Lowest
O
t pet share
32% May
20'A Jan
3
23
4
97
14
Jun
100
Jan
5
166'A
Nov
179
Jun
175
Jan
10
8
Dec
19%
4%
17%
7%
17 % May
_
76
Dec
Dec
Jan
8%
Dec
Jan
4
53% Jan
.Jun.
42%
4
20
Jan
11% Jan
3
7% Ja n
19
39%
Feb
53% July
45
Jan
49
Jan
58
52% Jan
Dec
94
63%
Nov
Dec
Jan
8% Jan
24
Jan
21
Jan
13% Jan
48
18
3
7% Jan
26
U
49 Va Jan
28
U S
11
56 Vb Jan
25
Jan
7
88
Jan
3
43
Jan
26
4
133
>41% Jan
28
64% Jan
13
58 V8
72
Apr
45% Jan
69/4 Jan
12
Jan
3
78'A Jan
27
Jan
5
140 Va Jan
26
17%
Feb
19%
4
20
Jan
28
37
Nov
42% May
38% Jan
3
42 Va Jan
25
4% Mar
6% May
4% Jan
25
12% May
98 'A Jun
8% Jan
85% Jan
Dec
16
Feb
4
Mar
19
Feb
150
Feb
7%
42
Dec
Dec
S
*107
109%
109%
*107%
30%
■V
29%
3
43%
43%
-
Jan
6%
18% Jan
.
Jun
34
Jan
Co
*20%
*38%
39
Co
V
•
,
52
—A
.
S
Plywood
22%
Co
non-cum
1
8%
*57
.
20%
5
2% Jan
22
.
Jan
U
S
Steel
7%
7%
I
7
21
85% Jan
7
Jan
8
24
United Wall Paper Inc
4% conv preferred-
17% Jan
7
Universal-Cyclops Steel Corp
5
*5
7%
*7
23%
23%
88%
*86%
42
133
10
Universal Laboratories Inc__
17
x20% Jan
10
Jan
15
164
Jan
22
7% Jan
Jun
3
8/4 Jan
17
19% Jan
160
43%' Jan
May
3
48
Jan
27
Universal Leaf Tobacco
8%
4%%
preferred
14%
Feb
273A
Jan
7
9%
Dec
15% May
9% Jan
3
11% Jan
20
Van
Norman
213A
Feb
26% May
22 Zb Jan
3
24
27
Van
Raalte
20% Jan
'3
24
Jan
Co
*11
8
19%
Dec
29 Va
Jan
20
Jan
3
22
Jan
26
Vick
Chemical
85%
Dec
94
May
87
Jan
6
88
Jan
24
Vick6
Shreve
86
Feb
95
Jun
85% Jan
5
85% Jan
5
5%
28.
Inc
&
non-cum
Co
—2.50
Pacific Ry com-100
preferred
100
_
*85
4%
20%
20
164
*163%
179
8
8
*57
58
1,300
5%
300
..10!
...
2,000
■
5%
*4%
18%
18%
18%
18%
3,400
13%
13%
?%
13 3A
13%
13%
13%
7,900
48%
*7
23%
88%
413,4
73/4
48%
49
*55 Za
57
57
23
*86%
43
41%
132%
131%
42%
42
*7
48%
*58
23%
22%
88%
*88%
42
132 3A
41
130%
7%
100
49%
3,800
60
200
23
2,100
88%
41%
9,300
131
1,390
"
42
41%
42 Za
70
1,500
69%
69/4
200
75%
77%
76%
x78%
76 Za
77%
139%
139%
140%
xl37%
138%
137 %
138
131,300
3,800
20
5,600
70
9
9
*9
88
*85
*69
9%
t
*85
3%
19%
19%
19%
19%
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43%
42%
42%
4%
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4%
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4%
100
9
*9
9/4
800
9
88
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87
193A
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43 3A
60
86
3%
33A
3%
3%
33A
3%
3 3/8
3/a
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22%
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22%
*213/4
22%
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22 Za
17%
17%
17%
17%
17%
*17%
173/B
300
4%
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4%
4%
4%
4 3A
400
*17%
.
5
*45/B
20%
v
165
*163%
8
7%
47
23
*176%
2,700
-
20%
9
46%
'•
40 '
400
103
20%
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46%
8%
102 Za
20%
4%
20
179
7,50® i
17%
20%
193/4
7%
104%
21 Zb
98
20%
42%
X
23
>
*8%
17%
tot
Shares-
57
4%
17%
,
*176%
20 3A
*96
18
Sales
the Week
*43A
42
I
46
20/4
20%'
165
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7%
7%
46
,
23
23 Za
23%
12%
>.
•
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11%
12%
21%
23
•
*12%
21%
21%
23
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20%
165
7%
47
,
4,
20
20
163%
163 %
7/a
7%
20 Za
*161
20 Za
165
2,700
100
600
30
7%
7%
2,600
48 3/4
170
213A
800
47
48
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21%
22%
22 Za
22%
22
22
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■
13
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11/a
11
11
11
11
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23 /a
23%
23 Za
23 Za
24
23 Za
23 Za
800
12%
12 %
12%
123/8
12%
12/4
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1,700
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22%
11%
12%
I
21%
21%
88
88
88
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91
89
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90
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V
'
'
share
57
19-%
734
21%
100%
8%
42%
:
*4%
Friday
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i
2,500
9,400
139%
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19%
11%
59
4%
87
'•
9,100
19%
f
:*22%
2.50
Vertientes-Camaguey Sugar Co„6%
12% Jan
6
*45
10
15% May
13% Jan
7%
"'
12% July
28
4%
100
_
87
179
.
~
1
Vanadium Corp of America—No par
Co
9
17%
:*20
com
9
-
'
673/4
73%
43
-
•*4%
3%
\
193A
,
*41%
4%
52%
80!
72%
.a
139%
"22%
i 164
Inc
19%
43
3%
100
Co
19%
1,100
5%
132%
-43%.
673A
73%
139
22%
com_No par
preferred
Universal Pictures
70
36 3/4
Jan.28
97~
*17%
,104%.
23%
*
133
vC "42%
21%
97
18
*86%
88%
42
132%
38 %
51%
-
20%
*55
29%
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2,400 i
73/4
7%
48
413A
43%
72%
139%
•>
20 %
48%
,
56 Zb
*23
133
*66 3A
72%
:*17%
1
15% May
■>4%
88%
43%
70
*
03
19
13%
....
47%
42%
132%
433A
*4%
55
23%
42
5
*7%
•V#
60
20%
20%
13
48
8%
20%
5
7%
47%
*57
'
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20%
•
104
*
59
20%
200
63
11%
Jan. 27
97
\
*176%
8%
24,70® I
'<3,900
*
20
51%
I per share<
22%
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179
8%
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5%
21%
*96
17%
-.<104/4
5%
Thursday
I per share
213/4
*176%
87A
59
•
20% ,,'21%
20%
1*21%
—1
5% Jan
104
.
"2%
433/4
"
Jan. 26
97
-•
17%
179
8%
*57
60
A83
' *3%
—50
3
104%
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48%
9
common—2
21%
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17%
51%
Wednesday '
A
S per share
13%
19%
i
I
2%
i
-
•
.)
Jan.25
12%
i*41%
United Stores $4.20 non-c 2d pfd—5
$6
conv
preferred—
No par
5
19%
12
13%
*139
1
4% Jan
For footnotes see page
19%
/
5®
-43%
38'A-
11%
103%
8%
38%
12
Tuesday
4,60®
v
19%
•'
500
23/4
20 3/8 v
52%
20%
5*66%
j 71%
25
9% Jan
4
39%-
*
•
30%
'
11%
20%
43%
—No par
preferred—
Stockyards Corp
non-cum
3
22 V* Jan
391
63
20%
•
5,00©
44%
*5%
63
20%
29%
1,40©(
•
*43%
5%
19%
22%
*41%
100
United
3
-
*
1,309"
6%
35%
>•-'23/4
443/b 1
*5%
51%
21%
.133
5o
50
com
5
18
65
20%
■
21%
6V2
'
/
12%
96^*
*86%
,
10
No par
com—
20%
38%
1,000
2 % /
43%-
■
5% /■;
*63
20%
Jan. 24
23%
100
Corp common
Co
44% '
%!
193/8 a,
21%
59
*7Ze
—100
preferred——
U S Tobacco
65
*5
-
2%f
52%
96
180
*56
,
1
Jan
5
'
9,100
35%
.44%
19
*17%
104
*47%
10
preferred
•
2%
:
44-'
2%
200
11%
65
'■
29% .■29%''
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2%
...
12
13%
,
20
common
i
3
1085/B
65
21%
•
35%'
52
*20%
10
:
Smelting Ref & Min
7%
preferred
,
30%
.44%
>
63A'
35%
12%
$ per share
17%
*176%
5
No par
U S
•
22
*21%
6%
2%
3,400'
'■■■
19%
Monday
22%
104
_No par
common——
1st
1
38 %
-
52%
>19%
>/•"
97
17%
—100
pfd series A—
Rubber
S
8%
Corp
*29%
2%
5%
*62%
20%
12
Saturday
Jan. 2*
97
100
com
A
—
22%
35%
1,000*
23%
11%
63%
*433A
„
44%
'.5%
•
38%
52
■
$ per share
No par
16% Jan
Oct
44
-
5%
65
38%
12%
V"
Jun
70
44
12
•
36%
*107%
107%
11%
62.
-
2%
20%
19%
12
:
Jun
May
2%
107%
12%
213/4
'
2% A:
36%
23%
::
23%'
65% V
63A
44%
2%
2%°
*62%
-
52
19%
,
'•* vi.
common
preferred
.
37
64
35%
30%
2"%.
43%
•
23%
109 Vb '
LOW AND HIGH SALE PRICES
10%
23%
*29%
'
5%
20%
5
1
.
class
;
*36%
11%
•
35%
43%
43%
5%
:,:
65
..
.
common—No par
conv
22%
7
7
-
'
*5%
*62%
20
170
.
i'-
3
*43
2%
12%
22%
29% "
2%
43%
5
Pipe & FoundryPlaying Card Co
3%%
U
28
69
Dec
109 Vb
If
'
135
2%
U
Jan.21
Oct
22
4%%
7
38 %■ Jan
123% Jan
Lines
S
12
Jun
'
U
20
87%
Dec
Partic &
Jan
140%
85'A
preferred
2,600
233A
2%
Pan
preferred——
Machinery
3,900
50%
•-
•365/b
—1
100
- •
Hoffman
S
4%%
21
67% Mar
Dec
U
7,800
86%
50%
23%
2%
S
7%
28%
85%
51
•*36%
*43%
—5
28/
86%
50%
36%
i
10Q
29%
85%
23%
35%
110
28%
23%
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7%
90
503/4-
36%
37
20
97
29%
36%
22%
*93
-•.'•■89 /a
"
90
87%'
24%
66%
97
86%
36%
12%
..;
700
5,900
29,900
50%
24
*29%
com—-30c
1st preferred——No par
Freight Co
.—No par
U S Gypsum Co common^
20.
27
129% Mar
8%
>
.»
*65%
-
111%'';
*89
"24%
*7
111
*109%
*93
.36%
35'A
*109%
39 % "
36%
7%
39
30
38%
24%
37%
293/b
385/b
29%
39%
v
29%
'
*37%
29%
,
30%
90
;
-1
50%
12%
500
"3,100
11%
97
^
.
87%
50%
12%
$4.5o
U
29%
87%
50%
67
U S & Foreign Securities.
10
Jun
137%
.
37%
87
175
Jan
May
49% May
Dec
20
■;.,
Leather
Jan
Dec
104 % Jan
1''
•
S
3
22% Jan
8
;
U
17% Jan
37% May
7
14
;
14
9% May
86
29%
9%
44%
11%
*94
88%'. 88%
12%
'••.*
5'A Jan
5
Dec
37%
29%
9%
44%
12
'*89
9o';1
50%
22
Industrial Chemicals
Sep
121
29%
10
44%,
12
'
393/B
97
;*.
*9%
44%
12%
*110%- 111%:
1
88%
67
stock
S
7%
Dec
A
No par
U
11%
22/8
29%
12%
Inc_
7
4% Jan
July
Jan
Jan
17% Jan
57
york
94
*89
68
Foundry—
21% Jan
Jan
21%
89
Corp„—10
'—No par
3
Jan
36
*
97
89
22%
Coal Cos
EXCHANGE
f per share
-
16% Jan
113%
.
*94
At
89
9%
45%
29%-
40%
111%
50%
*107"
Improvement Co—13%
new
s
Highest
.•
95 Va Jan
Feb
Dec
•
Jun
92%
54'%
■
24% May
101
39%
*110%
*<*■:>¥■ stocks
Year 194K
Lowest'
30%' ~;
40%
110%
*66%
Stores
Merch & Mfrs
V
96
^
29%
40%
110%
40%
111
'X: 22%
j.——L
Electric
Range for Previous ','V
$ per share
a'
Fastener; Corp__No par
United Engineering &x
.United Fruit Co—
30%
100
preferred-^.-..—•
United
3
39% Jan
29%
No par
L
Co—
$3- preference
7%
,
30
9%
45
*12
•
88%
United Dyewood Corp common—1
7
Jan
3)
28
50% Jan
:,May
44 % Jan
65
12%
*50%
'•
-
common-—10
&
Cig-Whelan
45%
12%
*88%
.
No par
$3.50 convertible preferred-;
United Corp common—-—
20
3;'
3:
Unite
7
17
2% Jan
3
4% Jan
16%
3% Jan
44% Jan
/.
3-
62 % Jan
•
30% Jan
27 v:
1
Carton
&
10
45%
12%
29%
_50
Inc
*8%
45%
12%
*94
-
—»_50
Lines
7% Jan
-
eom
preferred-
preferred
10
45%
12%
"
United Biscuit Co——
38% Jan
2% Jan
Apr
11'%
Air
*9%
45%
40%
Corp. common——5
convertible preferred
,100
4%%
;.
10
•*110%
—_25
car——s
3i%
3
,,
Aircraft
25'.
29% Jan
43 Vb Jan
May:
Feb
Tank
i. United
26
37%
v48
Union
21
22% Jan
RR Co
non-cum
5%
21
67% Jan
6.".
Pacific
--4%
6.% Jan
Jan
-82%
Dec
5C
*
5
—No par
—
of; California-
35Vb Jan
•
3% May;
47% May
..
Union
18
3%
Jan
July
55
Jan
10% Jan
5 Vb July
■;
Dec
108
20% Jan
-
Dec-
36
,xFeb
8.:
61% Jan
Oct
15%
27%
Apr,
Jan
36-%
Paper
Co__
Carbide-& Carbon-;
No par
Un'El Co of Mo pfd $4.50 ser„No par
Preferred $3.70 series
No par
Preferred $3.50 series
No par
11,
80
Rubber
12 Va
30
,r
Union
.42
6
*9%
45%
1
No par
Union
21%
•
(The)—
Corp
■31% Jan ,7
27
38% Jan 28
Jun
6
3
29% Jan
Nov
110
3
Jan
21%
22
21%
213/4
300
22
1,700
*88
91
*88
91
*88
91
10
*89
90
*89
90
*89
90
22
' (512)
28
.!
THE
COMMERCIAL
& FINANCIAL
CHRONICLE
V
.
Monday, • January 31, 1949
*!
NEW
Highest
• per thare
t per thare
Dec
48%
Jun
35% Jan
Oct
96%
Apr
91
14%
109
14"% July
■!
15% Jan
18% May
Nov
21
; 16 % Jan
29%
Nov
34% May
Dec
39%
Apr
Dec
32%
Jan
25
32%
Jan
57% Aug
66
Jan
12%
Dec
15%
28
Dec
35%
16'%
12
__25
*31%
32%
32% Jan
16%
116
116'%
38'%
*38
38%
95%
*93
95% "
10%
16%
115
115
*110
38
95
*108%
24
31
Jan
16%
16%
'
*116
116
16%
16
16%
116%
*116
116%
16%
*116
116%'
58% Jan
6
60
y2 Jan
28
Wabash
Jan
12% Jan
4
13 % Jail
12
Waldorf System
Jun
28
Jan
4
29% Jan
8
Aug
102% Jan
19
Jan
8
27% May
22% Jan
3
23% Jan
21
13% May
8% Jan
3
9% Jan
7
4
15 y4 Jan
21
92% Jan 24
93'% Jan
5
5%%
10% Jan
7
Warner
12,200
10
19%
19%
*19
20
*19
20
20
20
380
*31 %
32'%
32
32
*31%
32
*31%
32%
31%
31%
500
32
32%
31'%
31'%
1,100
26%
400
*31%
32%
*32
32%
-—5
13
500
113
19
19
—>25
13
10
7,800
9%
r
*26 %
27%
*26%
27-
27
*26%
27
*26 %
27
*26
27'%
*26
27'%
*26
27'%
*26
27%
*26
27%
*26
—20
Jan
1,000
38
9%
114
'
Shares
share
*93
10
9%
—20
6% preferred—
Visking Corp (The).
8
11
'*27
Jan
16%
*116
116%
$ per
for
Sales
the Week
Jan. 28
10
38'%
10%
114%;,
'
16'%
20
27 % Jan
30% Jan
Apr
16'%
*116
*112
115
115
'
__10
24
*19'%
25% Jan
25%
117%
100
30'A Jan
24%
117%
10'%
Friday
Jan. 27
1 per share
share
*93
95
32'% Jan
w
f per
38
*93
10%
„25
30 Va Jan
Dec
38
93
10%
18
20
28 %
38
93
10%
-100
preferred.
par tic
37%
93
19
14% Jan
23
div
38
10%
Thursday
Jan. 26
t per share
*37%
par
Jan
114% Jan
Jun
117%
6%
3
com_
Jan. 25
*91
100
preferred
PRICES
Wednesday
Tuesday
1
I per share
116% Jan
Jun
38 % May
Jan
Dec
29
Jan
3 '%%
Va-Carolina Chemical
21
118
Jan. 24
1 per share
Victor Chemical Works common —.5
24
11% Jan
99 y2 Jan
10 %
Par
26
Jan
93
8% Jan
124% July
Feb
38% Jan
3
Jan
Monday
Jan. '22
I per thare
$ per thare
85
Saturday
EXCHANGE
Lowest
32%
93
RECORD
LOW AND HIGH BALE
STOCK
YORK
NEW
Range Since Jan. 1
Highest
1918
Lowest
7% Mar
STOCK
STOCKS
Range for Previous
Year
YORK
*30%
31
30 %
30 Va
*29%
31
*29%
31
*29%
31
*30
60 y4
60%
*
61%
'
.
27
31%
32%
32'%
32%
26'%
>
27%
20
31
W
100%
105
Apr
xl8% Mar
8% Feb
14%
16"% July
10% Mar
x83 % Mar
■'
101
Jun
14
May
Jan
9% Nov
JHtl
y-/« Jan
105
j
13
*293/8
30
*102%
104
"102%
preferred
Walker (Hiram) G & W——No par
Walworth, Co
23%
—-No par
Ward Baking Co common
•/.15
1
preferred—*
—100
Pictures
5
Bros
7
Warren
Jan
11
Foundry & Pipe——No par
Petroleum Corp—
3
Washington Gas Light Co—No par
14
Jan
24
Waukesha
1% Jan
3
Dec
20% May
12% Jan
1%
Dec
16%
Dec
22
Sep
13
Dec
30%
Jan
Jan
61%
60%
300
*13
13%
13
13'%
12%
12%
300
*29
29 %
29
29
28 ?4
28
28%
28%
*103V2
105
*103
23y2
*23?;
14'%
*14%
*92%
V,
•
Dec
16'% Jan
6% May
26
Sep
34% Aug
x80
Nov
86%
19% Mar
•
92%
10Va
10y4
10
21!/4
25
Jan
28
3
-
;•
18
Wayne Knitting Mills—:
Wayne Pump Co
:y4% Jan
,;27% Jan
22
Webster Tobacco
-
21
7
14% Jan
3
15% Jan
109% Jan
2,200
14%
14%
14%
14%
92'%
93
92%
93
,24
23?;
21%
20%
•21
25
25
■25
25
13%
13%
13%
13%
23?;
23?;
1,500
20%
,
'
1%
;.'■
13% ■14
1%
rl% ""2
•17
*17'
17%
17
15%
15%
4%
4%
24% .' 24?;
24%
*•
-
"
'
"
■
-% ;
*16%
17%
•15%
15%
4%
4'/a
,
—
20%
20%
4,100
25.:
25
12%
13%
16%
16%
15
15
.25
1
13?;
—
__
*16?;
16%
15%
15%
-
'
-
133/a
'
,-16%
15:%
4%
'
13%
■—
— —
15
.
4%
"
,■,:•
;/•
6,400
3,900
-4%
<
4%
22?;
4%
1,300
-
—
"
4%
110
24
20 %
25
13%
,
10,500
10
15 V*
23%'
21 %
24
1,700
14%
93%
9%
17
23%
.
14%
*93'%
10 y„
9%
10'/«
9%
25
> *15
5
Class
Jun
12
110% •Jan
119%
Jun
114
Jan
24
115% Jan
3
I'/c
111%
Oct
106% Jan
28
110% Jan
13
6%
105% Nov
113
Jun
100%
Oct
107
16%
Apr
38%
Feb
100%
Feb
5%
Nov
10 %' May.
Dec'
46V4 May
7
3
112% Jan
106% Jan
28
108% Jan
26
Oct
16 y4 Jan
14
17% Jan
20
51%
Jun
39% Jain
4
41% Jan
24
110%
Jun
106% Jan
13
108 y2 Jan
25
4%%.
5V2 Jan
'5
4.20%
Power
15%
110'/2
*108%
114%
'
114%
109
108
*108%
110
„
100
23%
'
112%
;
108 ''
22%
;
<23%
500
1,100
900
4%
4%
,
-41%
41%
15
'
*110
110'%
*109
4,800
15%
'
;
8,500
10
110'%
114%
114?;
114?;
107'%
106'%
/■>,
114%
*106'%
106%
114%
107
410
22?;
300
100
270
108%
111
112%
111%
111%
108%
108
108
106'%
107
70
17%
17%
17 Va
17%
16 ?4
17
2,300
42
41
41%
40
40%
2,400
107%
X107
41 Va
108%
15%
22?;
108%
17%
41%
22%
*112% 112%
112%
108%
...
110
110
17%
110
15?a
4,100
22%
84%
•-
84
22?;
21
*84
84
•
107
*106%
-
15
23
114%
.1
114%
108
17%
*108%
•'
84
-
15%
'
110
.108
*112'%
17%
17%
41'/a
84
15'%
114%
109
24%
24
,
•'
23 %
*108
114%
*106%
:-
15%
110%
—
112'%
lliy2
*106%
17%
-*41%
Virginia Coal & Coke
5
West Va Pulp & Paper com__No par
*
15%
114
110%
"-111%
100
West
preferred
84%
15 y2
*109
B
24%"v
84
23
*109
series
24'%
84%
-23 %
23
100
100
pfd_—-100
4%%
preferred
24%
84
84
15 '%
-
i
—
.
23
•
No par
West Penn
108% Jan
Jun
<84
No par
com
A
preferred
preferred
22%
24
Co
>
No par
.1
:
Sugar Corp..
West Penn Elec
114
i
.5
„1
Inci
$4 conv preferred
West Indies
Apr
.v
8%
'
24
103% Mar
104% Mar
23'%
8%
24
•
Wesson Oil & Snowdrift com—2.50
7
84% Jan
3
,
23'/a
8%
21%
*
—_
—
25
21%. Jan
19% July
23%
8%
25
.*
110
23'%
91/0
9
•
7U0
105
*103%
2,500
21
*23%
•'•<
21 %
*24 % •:
-
60%
?4
23%
23%
10
*23'% ". 24
5--
Co
Motor
Rights
Jan
»:
23% Jan
26% May.
Feb
3
21
•
Jan
-
15% Jan
•17
4
81% Jan
•
28
12.^8 Jan
3% Jan
'
93 »/4
15
92%
60 '/2
"
1% Jan
Dec
9%
14%
93%
'
1%
23%
9
g%
e
104'%
103%
104
10%
10
Warren
7
25
..
91
15
-
*92%
•
91/4
*60%
13 V«
104
23%
23%
9%,
/
60%
*12%
29%
29%
100
common
60 %
13
*12%
24
12%
13%
61 %
*12?;
22% Jan
27% Aug
xl
*60%
20% Jan
34% May
Jan
13%
4%
Co
100
No par
No par
preferred
24y2 Jan
32
Nov
20%
3%
Walgreen
4'%%
22% Jan
Nov
xl9%
22
RR
;
*41
108%
*107
;
107%
'
70
107
'
V
6% Jan
19
Western
Jan
3
38 >/2 Jan
8
Western
10% Jan
4
12% Jan
20
Lines
Air
__1
Inc
22% Mar
38% July
28
Jdn
28
29
Jan
12
Supply Co.!
Western Maryland Ry com
4% non-cum 2nd pfd__
25%
Nov
36 % May
26% Jan
5
30
Jan
24
Western
58 %
Dec
74% July
63
Jan
11
34%
7"% Mar
35
16% July:
v
Auto
Pacific
Preferred
68% Jan 26
RR
series
6
10
100
100
-
No par
-
100
com
A
65 y2
16
32%
25 %
*94%
*101
16
32%
25 %
95
102
15
Dec
26
May
15 ye Jan
3
16% Jan
8
Western Union Teleg class A.No par
Nov
39%
Jun
31% Jan
4
34% Jan
7
Westinghouse
Air
23 %
Dec
33 V4
Jun
23% Jan
28
Jan
7
Westinghouse
Electric
85%
Feb
95%
Apr
94 % Jan
11
91%
Feb
101%
Jun
99
Jan
7
40%
Jun
25% Jan
17
25
Dec
80
Jan
37
Mar
83
Mar
27
3%%
97 % Jan 28
101% Jan 26
26% Jan
4
48%
Jan" 27
Oct
43% Jan
85% Jan 22
89 y4 Jan
12
Jan
12
25 V2 Jan
25
24% May
Dec
9%
Feb
13% Jan
'3
16 % Jan
20
Whiter-Motor
Co__
22 % July
18% Jan
3
21% Jan
21
White
Machine
x53
July
53 % Jan
<
126
29% Jan
31% Nov'
Feb
$5
12
White
$4
54% Jan -21
•
conv
Dental
Mfg
Sewing
30
Jan
12
11% Jan
12
Wilcox
7% Jan
24
Willys-Overland
13
18
9% Jan
28
6% Jan
3
54% Jan
3
17% May
IV
3
12% Jan
89
Dec
88 %
Jan
Jan
7
*78% Jan
12%
Dec
19
Jan
.12% Jan
11
13% Jan
17
Wilson-Jones
Jan
27
Wisconsin El Pwr Co
Jan
18
6% preferred
Woodward Iron
k
Dec
18
xl38
4-
28
128
37%
Oct:.
49%
Jun
16%
14..
Jan
32% Jan
Jun
Feb
•28
14% Jan
Jun
Dec
14%
131
Nov
44
,
y2 Jan
$4.50
Dec
10
Jan
21
47%
3
13% Jan
14
4
Jan
20
1
81%
94
Nov
X62
60
Feb
May
.'15% Jan
3
' Jan
64 V2 Jan
■25%-May
Dec
Jan
74
96% July *
70
'
Prior
pfd
x72
Wright
Jan
28
29%
*66 V8
*28
30
68
*28
30%
29%
'29%
*66
•
5%
'
6
*28
29?;
29 %
*28%
29%
*67
;■>'■
69
-
-167% Jan
3
11%
Jun
8% Jan
3
22
Dec
34%
Jan
21%.. Jan
G
24
10%
Feb
16'% May
10% Jan
28
12% Jan
7
18
15%
15%
15%-
15%
15'%
32 3%
32'/a
32%
32 Vb
32'%
32%
32'%
6,500
24%
24%
24%
24%
24'%
23 ?4
24?;
19,200
95%
95%
101
95
*101
*101'%
26%
26%
108
45%
85J/4
24 y2
•46%
24%
26%
V
24'%
25
r
*101
47%
48?'b
46?;
86
86%
86?;
87
*24
•25%
25%
25%
15
20
'•
15%
,
.15?;
-
.
54%
*53?;
54'%
*53?;
54 %
*29
29?;
*29
29'%
*54%
54%
29%
*29
29%
10%
10
10%
x9%
7%
7'%
7%
7
7%
6%
'
54%
*29
20%' r.
:
9?;
9%
7%
6'/a
9%
-
Jan
Yale
20
ft
Towne
78%
78%.
12%
*12'%
78%
78%
*77%
78%
14 Va
13
13%
12%
12%
;
12%
15%
15%-
16 (-■;
15%
15%'
1
15%
'
*128%
...
132
*78%
*130'%. 132,
131?;,
33
47%
*14%
14:y4
14%
14%
65
14%
64%
14%
*64;
65
65'%
65 %
*69!
69 %
70
70
70
70
*72'
74
*72
*72
76
*72
No pax
70
70:
*69'%
70
?69%
70
__ft
*9
Mfg Co
5
20
Corp common
4%% preferred
33
32?%
•
,
"47%
46%
13
*23'/a
1
50
65%
Dec
89 %
Oct
69% Jan
4
74
Jan
28
Youngstown Sheet & Tube—No pal
'13%
Dec
xl9% May
13% Jan
3
14% Jan
6
11%
Young (L A) Spring & Wire.No Par
.f:;
••
*32% :33
-
.
sales,
-
sales
on
--Jan
7
Zenith
,-4% Jan
15
Zonite
32
...
...
Nopai
this
day.
tin
Radio
9'%
76'
-
70
'
23
11%
11'%
*69%
9ya
9%
23%
.
*9%
..
11 %
receivership.
x-Ex-dividend.
HEx
$40
64
64
69%
69%
69%
14%
9%
*72
-
13%
64
.
76
-
70:
70
9%
9'%
9 Va
1,300
22%
22'%
*22%
22%
•1,300
10%
10%. ' 10%
3,900
39%
39
19%
18%
18%
18%
18%
*18%
19
500
69%
70%
71%
73%
71'%
73%
72%
74
34,800
14
14 y8
14
14%
14
*13%
14
1,400
29%
2,600
*19'%
19%
19'
71.
70'%
72%
14'%
I4y8
14ye
dividend
paid
v
*39%
May
4
a Deferred
10.
*29%'
30
4%
.
Transactions at the New York Stock Exchange
30
4
30
4
22%
22%
'«
11 Va
40
11
22%
"•
14
Number
i Saturday
.
»
Monday
; Tuesday
.-Wednesday.
Thursday...
Friday
j
280,300.
l
:
Government
Bond'.
(Number
Bonds
Sales
^
520,000!'
:V%6oo
1
544,500
505,000
838,030
2.456,000
223,000
$1,103,000
841,315
2,852,000
223,009
$15,180,000 f1 $2,145,5Q0
79,605
$115,000
"
181,000
59,000
3,318 000
Tuesday
239,465
22,000
Wednesday
Thursday
Friday
119,000
151,000
3,587,000
—
$3,000
3,088,000
$17,354,500
;
..
252,465
•
4,586,720
17,911,964
lroad ft
IndustrfaL:
'
$16,000
$65,000
245,000)
167,000
6,728,900
6,925,200
21,372,000
142,000'
244,000'
6,000
33,000
4,000
101,000
11,000
3,000
$760,000
$228,000
$24,000
Week Ended Jan. 28
Stocks—No. of shares
130,000
•
115,000,
$1,012,000
59;346,80O
1,763.000
101,371,300
1948
Jan. 1 to Jan. 28
1949
1948
1,176,441
1,035,205
4,476,617
4,514,334
$760,000
$923,000
$3,032,000
$5,050,000
228,000
113,000
1,088,000
24,000
67,000
t'132,000
Bonds
$185,000
158,000
1,574,800
*15,180,TOO'
.
1,176,441
1948
19,931,806
26,000
$3,000
87,000 *
.
Jan. 1 to Jan. 28
1949
2,145,500
...
$136,000
•
1,000
195,485
Total
Bonds
U. 8. Government
5,000
93,000
1949
Internationa] Bank-
~Total
$5,000
194,730
'
1948
4,660,965
:
•
Week Ended Jan. 28
.
s Special
Value)a
ForeignCorporate
$16,000
214,691
2,684,000
$26,000
Stocks—No. of shares
1,700
sale,
.
Government
$3,000
13,000
1949
Bonds (Par
Domestic
Saturday
Monday
5,000
4,960,965
Cash
;
Exchange
Foreign
of
Shares)
28,1949
3,574,500
_
V000
'
Week ended Jan.
—...
3,030,000
■
Total
$130,000,
t
r
Stocks
Bank
2,809,000
1
Superheater. Co.
4
Daily, Weekly and Yearly
Bonds
814,750
.
4
i
Bonds
t13,060,000
28%
4'/8
Transactions at the New York Curb
300
39
I.
29%
4%
The
from
Total;
1,035.820
—
changed
Foreign
$973,000
I 850,750
5
4%
United States
Bonds
Shares
Week ended Jan. 28, 1949
cName
\
29
29 %
4y8
Int'l
Railroad
of find Mitcel.
Stocks,
i
29%
29%
4
delivery.
Daily, Weekly and Yearly
400
70
70
,,
200
490
74-.
*72
•
10%
19'%
*4'
'
,
2,700
64
€9%
-
69%
9%
9?'a
9'%
14%,
39%
*19%
*i4y8
',14
64%.
69 %
11'a
40
71
•
14%.
€4%
,
39%
*39%
3of
liquidating
1,200
9,000
14%
,46 %
-
11%
40
1
_
32%
46 %
32%-
'
*39%
22%
23
*39%
No pat
i
Corp.
Corp
Products
*
■k
47
46?;
800"
9,500
131
*130
131?;
700
13
16?;
15 Tb-
■;
28
:
4,400
78%
*77
V *12%
;
16'%
*130
>
76
York
-
15%
15?;
.
46%
—.—No par
Youngstown Steel Door—
55
'
78%
'
9 00
-78%
11%
32,%-
7
no
Domestic
Foreign government
Foreign corporate
.616,000
*237,000
—r
Total
t
9,200
,
11%.,;,.:
55%
11%
47%
19T« Jan
prices;
wd When distributed.
i.ooo
55%
55%
11%
*130'%
•
11?;.
56
11%:
*130% 132
-
55'%!
55%
11%
;
7;
-
11?;-
56%
11%
33%
3
asked
200
.;
55'%
*55%
11%
47%
18% Jan
and
7
50
'
9?;
6%
9%
V 11%
56 V2
15%
.NpRar
4%% ,series
^lCCv
conv series—>100
Aeronautical
•
33%
Oct
•Bid
,
29%
54%
29%
*10'%
47%
24
3
i
4,800
20?;
33
Feb
3% Jan
2,500
20'%
20%
47%
15%
28% Jan
*
15 %
*•15%
33
3
July.
400
15%
:
,
400
,
20%
15%
20%
j
15,500
47%
86
:
;
,;"V
;•. ■'
37% Jan
6% May
'■:
47%
25%
.
800
108
*101
108
■;
300
26
45%
,
10'%
,
:
108
.
15%
%
101?;
*25%
*24
25%
20
.-
101%
26'%
96'%-
96%
•
85%
46
86
*85%
101%
26'%
190
97'%
101%
26%
96%
*101
108
44%
86
*85%
97%
101%
26%
102
*101
15%
15?;
101%
*95
96
101'%
r
78%
>10
'.»■■■. $ ,r,
May
35
3,000
15%
24'%
*13'/a '
10
Co..
48
Feb
:
300
32
*55 %
11%
100
—
Dec
Dec
68?b
16%
*26%
108
45 y#
,
1,100
■
25'%
7%
•
10
37
3%
29
32%
54%
39% Jan
19%
3,800
15%
54 %
.10
com—>
(Wm) Jr (Del)
Wyandotte Worsted Co..
*9% Jan '; 7
.
6,800
100
x28%
*66%
:
;
*
24%
26%
30
6'%
32%
*54
30
*5?;
68%
%
68 %
69
.
•30%
>■
29%
•
*10y4
•
900
28
30 %
*28
15%
No par
Co
Wrlgley
18
July
Mar
69
11%
21'/a
Prior pfd 4%,%
24
Jan- 10
79
;
7
Jan
8
60% Mar
11
15%
No par
common
Woolworth (F W) Co
Worthington Pump ft ^
•Machinery common
% Jan 25
'65
,
'
'58
12
20%
1
com
$4.25 preferred
'
13%
58 %
•
37%
11?;
16
conv-pfd series A___No pal
Wilson & Co Inc
22
,34% Jan
•
41%
37?;
11?;
21%
—^Nopai
Motors
65% May
125
38
11%
6
,
.
Nov>
73*
37%
12
15,%
5
Mar,
Jan
38
11%
6
21
20
10%
•
37%
12%
6
1
Co
56% Jan
51
-
37%
6
1
com.
preference
Oil
*101
45 Va
85%
*24
20
—_
preference
conv
Prior
No par
.No par
SS)
(The
*26
100
prior pref
14
Jun
1
6% Mar
5
•
May
19%
Feb
9
24
<
;
Aug
27%
Jan
12.50
Instrument
Jan
27%
-
Feb
13%
series A
57%
"
23
12%
100
100
pfd series B
Elec
92
,
No par
com
Wheeling & Lake Erie Ry
Wheeling Steel Corp com
Julv
115
pfd
3.80%
Weston
11
Brake
5?;-
37%
11%
65%
29%
5?;
38
...
.
12y2
*28
*29%
•'
37%
6
37 %
12%
31
29%
37
$17,354,500
.
$23,120,800
$66,307,500
$110,244,500
TotaL
——$1,012,000
$1,103,000
feskooQ
$£203,000
169
Volume
Number 4773
THE
COMMERCIAL &
Bond Record
"and
are
WEEKLY
-
italic letters in
the
column
headed
"Interest Period"
indicate
each
In
the
case
when
month
Figures after decimal point represent
GOVERNMENT BONDS
Year 1948
105.1
101.18
Range Since Jan. 1
Highest
Sep
Sep
Lowest
NEW
Highest
Dec
May
102.22
108.13 Jan
108.13 Jan
26
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
26
Feb
102.23
Sep
102.23
Sep
101.7
Sep
101.11
101.19
Jun
101.19
100.25
14
102.31
Jan~14
Jun
100.24 Mar
Jan
100.23
Jan
100.26
Apr
100.23
Sep
100.24
Sep
100.16
Sep
101.12
100.7
Oct
100.27
102.26 May
100.7
Oct
102.26
May
May
100.23
Jun
101.14
Sep
Jun
100.18 Jan
102.13 July
10C
Mar
100.4
Mar
100.2
100.13 Jap
Feb
100.18 Jan
6
100.14 Jan
20
6
Oct
100.31
21
101.26
'.100.31 Sep
,100.30 Sep
II
May
mm
II
IIIIII
100.16
94.10
Jan
94.14
Jan
"Bid
IIIIII
101.8
asked
point.
Jan
26
10
98.27 Jan
5
99.11 Jan
5
99.31 Jan
24
No
sales
transacted
Sales
Friday
102
*101.30
102
for
the Week
Bonds($)
High
Low
High
Lew
High
*101.31
102.2
'101.30
102
102
*101.30
102
*101.30
'104.28
104.31
'104.27
104.30
'*104.28
104.31
*104.27
104.30
*104.27
104.30
*104.27
104.30
'108.16
108.19
'108.15
108.18
*108.14
108.17
108.13
108.13
*108.14
108.17
*108.15
108.18
'103.27
103.30
*103.27
103.30
*3.03.28
103.31
*103.27
103.30
*103.27
103.30
*103.27
103.30
'109.8
109.11
'109.7
109.10
*109.7
109.10
*109.6
109.9
*109.7
109.10
*109.8
109.11
*109.17
109.20
109.19
2%s
___1951-1954
1956-1959
23As
1958-1963
*101.30
'109.16
109,19
*109.17
109.20
*109.20
1960-1965
'110.2
110.5
'110.2
110.5
*110.4
110.7
*110.3
110.6
*110.4
110.7
*110.7
110.10
1949-1953
'101.13
101.15
'101.12
101.14
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.12
101.14
2%s
1950-1952
'102.14
102.17
'102.13
102.16
*102.13
102.16
*102.13
102.16
*102.13
102.16
*102.13
102.16
'102.30
103
*102.29
102.31
*102.29
2,000
109.23
2%s
2%s
2y2B—
1952-1954
'109.16
109.18
*109.16
102.31
*102.30
103
*102.30
103
*104.7
104.9 '
*104.7
104.9
*104.5
104.7
*104.7
104.9
*104.10
104.12
*102.3
102.5
*102.3
102.5
*102.1;
102.3
*102.2
102.4
*102.4
102.6
101.22
*101.20
101.22
*101.20
101.22
*101.19
101.21
*101.20
101.22
*101.22
101.24
101.11
*101.9
101.11
*101.9
101.11
*101.8
101.10
*101.9
101.11
*101.11
101.13
"'102.30 103
2%8
—1956-1958
' 104.6
104.8
2%s
1962-1967
*102.3
102.5
2y2s
—^—1963-1968
*101.20
2%s
Jun 1964-1969
*101.9
.
2%s
Dec 1964-1969
*101.7
101.9
*101.7
101.9
*101.7
101.9
*101.6
101.8
*101.7
101.9
*101.9
101.11
2y28
.,1965-1970
*101.6
101.8
i#101.6
101.8
*101.6
101.8
*101.5
101.7
*101.6
101.8
*101.8
101.10
2%s
1966-1971
*101.3
101.5
*101.3
101.5
*101.2
101.4
*101.1
101.3
*101.2
101.4
*101.4
101.6
2%s
Jun 1967-1972
*100.23
100.25
*100.23
100.25
*100.23
100.25
*100.20
100.22
*100.22
100.24
*100.23
100.25
Sep 1967-1972
'102.8
102.10
"102.11
1C2.13
*102.15
102.17
*102.11
102.13
*102.15
102.17
*102.17
102.19
100.22
*100.22
100.24
2%s
2 Vis
Dec 1967-1972
2%s
—
2%s
*100.23
'103.7
103.10
*102.6
102.8
*100.20
*100.23
100.25
*103.7-
103.10
*103.7
103.10
*103.7
103.10
*103.7
103.10
*102.5
102.7
*102.5
102.7
*102.6
102.8
*102.6
102.3
105.9
*105.7
105.10
*105.8
105.11
*105.11
105.14
102.25
*102 21
102.23
"102.24
102.26
*102.28
102.30
*100.23
*105.5
,*105.5
105.8
102.24
"102.23
102.25
*102 23
*100.15
100.17
*100.15
100.17
*100 .15
100.17
*100 12
100.14
*100.13
100.15
*100.15
100.17'
*100.15
100.17 **100.15
100.17
*100 .15
100.17
*100 12
100.14
*100.13
100.15
*100.15
100.17
*100.11
100.12
'*100.10
100.11
*100 .10
100.11
*100 ,10
100.11
*100.10
100.11
*100.10
100.11
*100.16
"
105.8
*105.6
*102.22
1954-1956
2s
100.25
103.10
100.25
"103.7
*102.6
"
102.8
*100.23
100.25
1951-1953
1952-1955
2%s
100.17 '<
*100.16
100.17
*100 .16
100.17
*100 .16
100.17
*100.16
100.17
*100.16
100.17
100.23
*100 .22
100.23
*100.21
100:22
*100.21
100.22
*100.25
100.27
*100.25
100.27
101.3
*101.0
101.2
Dec 1949-1951
*100.22
100.23
*100.22
100.23
Mar 1950-1952
2s
*100 ,22
*100.26
100.28
*100.26
100.28
*100 .26
100.28
*101 .25 .101.27
*101.2
101.4'
*101.1
101.3
*101.1
101.3
*101.1
101.3
*101.1
101.8
Sep 1950-1952
-1951-1953
101.12
*101.9"
101.11
101.8
*101.10
101.12
*101.10
101.12
1951-1955
*101.14
101.16
*101.14
101.16
*101.14
101.16,
*101.14
101.16
*101.14
101.16
*101.15
101.17
Jun 1952-1954
*101.16
101.18
*101.16
101.18
*101.15
101.17
*101.15
101.17
*101.16
101.13
*101.17
101.19
Dec 1952-1954
*101.17
101.19
101.19
*101.16
101.18
*101.16
101.18
*101.17
101.19
*101.18
101.20
1953-1955
*103.16
103.19
103.19
*103.17
103.20
*103.18
103.21
*103.20
103.23
*103.21
103.24
*100.9
100.11
100.11
'100.8
100.10
*100.8
100.10
*100.8
100.10
*100.9
100.11
*101.10
1950
Bank
101.12
•
*101.10
*101.17
*103.16
-*100.9
for
1,000
».
•
this
10-year 2y4s
25-year 3s
day.
Odd
a
lot
1957
transaction,
*98.24
99
*98.24
1972
*99.28
100
Registered
r
bond
transaction.
Interest
Exchange
Period
*98.20
99
*98.20
99
99.31
*99.24
99.31
99-28
99
99.24
or
Sale Price
Friday's
Friday
Bonds
Bid & Asked
Interest
BONDS
'
Range Since
Sold
99
*98.26
99
99.24
99.24
99.28
99.24
26,000
....
Week's Range
:■
Last
*98.20
99.24
JANUARY 28
RANGE FOR WEEK ENDED
Friday
B O N D S
New York Stock
Low
High
Jan. 28
Jan. 27
Jan. 20
Reconstruction & Development
98.24 Jan
price.
Low
Hlrh
Low
Thursday
Wednesday
Jan.25
1949-1952
Treasury
2s
Treasury 2s
Treasury 2s
Treasury 2s
Treasury 2s
Treasury 2s
Treasury l%s
Jan~26
101.8
High
HIGH BALE PRICES
AND
Tuesday
Jan. 24
1951-1955
2%s
Treasury
Apr
98.30 May
99.30 May
and
a
1955-1960
International
'
32d of
Monday
Jan. 251
Low
3V»S
Treasury
101.18 July
101.19 July
Oct
more
or
Batordav
STOCK
Treasury 2y4s___
1956-1959
Treasury
2V4s
Jun 1959-1962
Treasury
2y4s
Dec 1959-1962 '
Treasury 2s
—Jun 1949-1951
Treasury 2s
Sep 1949-1951
HIII_
—.
II-
101.13 Mar
Dec
100.7
__
Oct
100.21
Sep
101.7
of
mature.
2%s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
May
100
100.21
bonds
3s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Jan
102.31 Jan
YORK
EXCHANGE
105.28 Mar
108.28
ene
the
LOW
Banre for Previous
Lowest.
107.4
YEARLY
-
Interest"—except for Income and defaulted bonds. Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transactions
regular weekly range are shown In a footnote In the week In which
they occur. No account is taken of such sales In computing the range for the year.
week, and when outside of the
The
29
New York Stock Exchange
«»
FRIDAY
NOTICE—Prices
the
(513)
CHRONICLE
FINANCIAL
Jan. 1 ■■■'
v-
New York Stock
Exchange
Week's Range
Last
or
Sale Price
Period
Friday's
Bonds
Range Since
Sold
Bid & Asked
Jan. 1
''
Low
New
York City
Transit Unification Issue—
High
No.
•
Low
_vi-
High
LOW
High
3%s Series No.
]'3% Corporate Stock
.1980
J-D
106 A
106%
101
106/1 107'/a
,
14__^
J-D
3%s Series No.
106,
15
J-D
*56
*56
J-D
—
17
.
5G
"55%
J-D
3%s Series No. 18
"
*56
*55%
60
J-D
3%s Series No. 22
,
*58%
.v
J-D
*53%
J-D
'55 Va
57%
J-D
*55%
53
J-D
*55%
59
3%s Series No. 26
J-D
,56%
3%s Series No.
J-D
3%s Series No. 23-—
i
—
3%s Series No. 24
3%s Series No. 25
?
REctor
2-2300
-
120
3%s- Series!-No. 29_-i#-iLi-L___^L—
>1
WERTHEIM & Co.
New York Stock
Exchange
.
Broadway, Now York/':--
;
NY
J-D
3%s Series No. 30-^_iJl-i__
J-D
;Brisbane (City)
Teletype
.
1-1693
(Canada
?
v>
Foreign Gevt. £ Municipal
; Agricultural Mtge Bank
U SAGtd sink fund 6s
AGtd
f ;
sink
fund
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V?
SECURITIES
FIRM TRADING MARKETS
HARL MARKS & CP- INC,
FOREIGN SECURITIES SPECIALISTS
St., New York 4, N. Y.
Telephone HArfovw 2-0050
-
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NY
1^71
-
vi.—t
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56
30
(514)
COMMERCIAL
THE
&
YORK
NEW
FINANCIAL
BOND
CHRONICLE
Monday, January 31, 1949
'
•
RECORD
RANGE FOR WEEK ENDED JANUARY 28
'
!'
Friday
I
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BONDS
Interest
New York Stock Exchange
j
i
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1966
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For footnotes
A-O
1978
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3%s debs
see
page
83
43
7
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1966
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1962
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1940
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gold
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•
1950
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1999
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1970
gold
] Carthage
1999
loan
-
108
WW
14
106% 106%
Ry 4% deb stk perpetual—
Carolina Clinchfield & Ohio 4s
.1965
ArO
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water
115
106%
103
F-A
'
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A7s
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A-O
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A
,
--
'
'
103% 104%
J-J
Guaranteed
26
1936
...
102
.Oct 1969
Guaranteed
26
2012
2.5%
5s
A-O
1957
4V2s.
gold
1962
rH O O
99%
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j/.
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~
8s
gold
Guaranteed
35
2001
A
Guaranteed
30'%
35
A
2%)
Stamped pursuant to Plan
(Int
7
29
1952
f
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(Int
26
1
1952
(Int reduced to 2.375%)
s
V
M-N
30%
,,
1957
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A6Vis extl secured
J-D
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.105
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A
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7s
A-O
J-D
Oregon Power 3'/8s
j Canada Southern cons gtd 5s A
4 Canadian National Ry—
..
>
1999
gold._~.l968
..
99
»7
36%
24%
10
55%
29
33%
__
41
*100
-•>
M-N
1955
1st
Consolidated
5
jBush Terminal Bldgs
2001
83 %
82%
59 %
*100
92
M-N
Niagara El 1st mtge 2%s__1975
Stamped modified 4'/2s
Bush
28
__
Plan A
•
51
Buffalo Rochester & Pgh Ry—
27%
27 Vi
WW
83%
103% 103%
—
A-O
1950
90
83 %
58%
83%
M-N
Bklyn Union El 1st gold 5s
Bklyn Union Gas 4s debentures
9%
27 Vi
J-J
1968
42
27%
Co 7s
*83%
A-O
1960
F-A
Buffalo
J-J
1961
JJ
Bristol-Myers Co 3s Debs
12%
9%
series
series RR
——1954
8%
12%
9
*35%
5%
4%s
4s
mtge 4'/2s ser A——July 1970
__
12%
J-D
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8
6 V8
—
18
8
__
2006
to Plan A
(Int reduced to 2.5%)
external
95
93%
5
.
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95
94
11
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-
18
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»
a
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'
.
40
—
contingent interest)
J
conv
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103
35
—
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A6s
bi va
fixed
Bell Telephone of Pa 5s series C__1960
Beneficial Indus Loan 2V2s debs
1961
92
82%
17%
1950
8s
2%)
81%
•
115
102%
-
J-D
M-S
4s
*25%
A
Grande do Sul (State
of)
§A8s extl loan of 1921
103%
81
93%
*104
M-S
1964
J-D
Con
Plan A
to
to
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17%
1047
2.375%)
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103%
102%
■
sao-1^ r®duced to 2.25%)__.
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M-N
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(City of)
103 Va
2..
•I
83
81 Va
M-S
(Int reduced to
2.375%)
2001
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8AR10 de Janeiro
114
due Dec 1 1995
1st
1961
7s
Plan
33
.
Bangor & Aroostook RR—
83
M-S
SsZZZZZ ~~1961
to
104
-
125% 126 Vi
114 ; V
due Mar 1 2000
Toledo
1940
gold 8s
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pursuant
125%
M-N
due Mar 1 1996
(3 % %
>
ZZZZZl968
fund
A4Vis assented
APorto Alegre
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f
s
assented
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K
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loan
103%
31
103%
1995
,4
110%
154
81%. 81%
:*__
/
,
96
94%
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.
1
'
Fe—
M
Ref
83 va
81%
80 Vi
85
83
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MS
Zl960
1st ser
103 Va
.
94%
92
14
A-O
1963
cons
ser
S'western div
86 V2
„
1959
s f 6s 2d ser__
(Rep of) gold 6s
3%
Series
91%
88'A
84 Vi
81
84
2008
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J A Poland
103%
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Q-J
contingent int) ..July 1975
gen mtge 5%
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95
84
1947
to
5%
Series
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12
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,
88 %
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95
103% 103%
__
igc7
ref 3y2s series B_
13
..1966
A
ser
and 3%%
27%
1965
Stamped assented 5s__
iqfiq
Stamp mod 3y4s ext to_Z~~~~~~i994
92 %
__
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M-S
1970
90%
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103%
.
ytr>4
88%
102%
94%
95
1962
4y2s
94%
21
'404
92
-'
•
54
-
103 Vs 103%
__
103%
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3%s
Pgh Lake Erie
1955
95
-
1973
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33%
A
(Int
A-O
1%
&
10%
5
Panama. (Republic)—
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;
395
4
Ref & gen
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M-S
mtge
and
9 %
iq«o-
loan...
f external-,
sec
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J-D
July 1995
Santa
&
Coast 1st
and
7
33%
9
32%
~
extl
•
89%
94%
106% 107%
deb 3s
4s
mtge 4s
Ref
6 y2
J-J
1952
to
1
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J-J
—
to
1st
7
7
J-J
agree_1963
95%
88 %
92%
Baltimore & Ohio RR—
J-J
Municipal Bank extl s f 5s
Oslo (City) sink
fund 4 Vis
Ext
A-O
J-J
•
B
11%
J-D
1933
94%
89%
40 ;
•:
Vi
4%
15%
93%
84%
106%
§ASecond mortgage 4s:
15%
■>133^
92
78
65
•
J-D
Atlantic Refining 2%s debs
J-J
8^2%
89%
99
75
J-D
:
§ A Atlantic & Danville
A-O
80»/a
99
1
99
*78%
1987
...
unified
80%
99
.1969
1st mortgage
98
F-A
Stamped 4s__
July 1 1995
Atlanta & Charlotte Air Line Ry—
Atlantic
•
4
..1957
1st gold 4s
General
106%
*80 V8
86%
1982
debentures
Topeka
104%
104%
100 V4
88 Vi
1961
P W .Products Co 5s_,
21%
32 '/4
35%
37%
J-D
196a
to 2.125 %)___2008
(Kingdom) 3%
1957
(Kingdom of) 4%s ~~^~r loss
External
19%
34
M-1V
,(In£ reduced
fu
A
34
26
32 %
35%
A-O
1943
Netherlands
Norway
21%
J-J
J-D
1942, agree_1963
f
s
J-J
Q-J
Stamped pursuant
m
W
6%s
reduced
external
8
2
104%
.
Q-J
Stamped pursuant
A Sec
.
iq™
6%s__
s f
34
•
100 %
99
1986
debentures
-J—
__
__
,
1975
:
debentures
21%
aSree_1968
1910_.__.
1945
(State)
3%s
__
General
agree
Nov. 5. 1942,
(City of)
conv
1945
1913
Milan
2%s
Z1945
8A^fS'td to6s of 5,
Nov.
^Treasury
Minas Geraes
53
53
23%
1954
1904
of
70
34
6%
•
M-S
1980
debentures
*100%
MS
2030
•
104% 104%
.
M-S
J-D-
debentures
2%s
J- J
to Nov' 5- 1942>
Assenting 4s
2%s
6
Amer Tobacco Co
ZZZZZ 1952
~~195l
7<lZ_1957
1942,
to Nov.
5,
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6%
5%
J-J
1077
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A Ass' td
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*53
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6%
1.
5%
Telegraph |Co—
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6
,
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debentures
7%
A-O
41966
debentures
conv
Atchison
6%s
Ass'td to Nov 5,
,
2%s
3s
Metropolitan Water Sewerage &
Drainage Board 5%s_
Mexican Irrigation—
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§A4%s assented
;
102
1977
to 3%
A Italy .(Kingdom of)
AMedellin
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debentures
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1977
ZZ~1947
j A Jugoslavia (State Mtge
a
American
6
6
•
*100%
104%
A-O
4s_^1998
debs
3s
J-J
4V2s__1975
Foreign Pow deb 5s_„
2%s
paid—_
Credit Institute 1%
A External 7s
A
Ii%
&
Airlines
2%s
Utility—
v
Amer
51%
102
RR
& Western 1st gtd
Allis-Chalmers Mfg 2s debs
60
11%
—
mtge
Susquehanna
American
46
8
/•
&
Alleghany
75
56
102
part
A
67%
75
5
51%
J-J
1964
§A7s series B
Italian Public
.
64%
6
60
M-S
paid
Italian Credit Consortium
for
Public Works 1% to 3%__
;
75
—-'Z"s
•
104r% 104%
Power
75
26
'
1952
Alabama
J-J
70
COMPANIES
Alabama
A 6s
f
AAdriatic Electric Co 7s
INDUSTRIAL
AND
53%
35
83
70
'
6
7%.
85 %
66%
-J'
14
.*6%.
52
part
f
*6
—
81%
66
81%
34%
7s
assented
84 %
26
6
72
*32
9
Government—
Irish Free State extl s
Italian (Republic) extl
83
*70
A-O
10
60
Helsingfors (City) ext 6%s
82
J-J
.1952
53%
A 7s
'
__
85%
5iy3
1967
'■
i
85
'■
53%
J- J
ZZZ1949
79
84%
J- J
(Republic of) 7s
Republic extl 7s
11
A-O
jan 1,1976
Estonia
French
82
82
J-J
A-O
■—
81
*'(9
■
__
iAILROAD
jan 1, 1976
Jan 1, 1976
$
—
11
113%
111
—
$
,s
3s
A
s
3%s extl
1962
High
■
__
.1984
Stamped assented
(int reduced
to 6%)
extended to
i960
SADenmark 20-year extl 6s
.1942
«.
84%
83%
J-D
.1978
external
Jan. 1
Low
-r—
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'
—
M-N
1 .1979
conv
readjustment... .1978
(City)
High
*120
.1964
3 Vis extl readjustment
.AVenetian Provinces 7s
MS
1949*
C
M-N
Range Since
Sold
No.
1937)-
conversion
3%-41/a-41,s5s extl
68
68
13%
'
($
Bonds
■
*120
•
69%
68
Friday's
Bid & Asked
F-A
..I960
readjustment
External
.
42%
42%
8s__. ..1946
extl
70%
42%
1
'i-' '•
*41 %
F-A
(Republic)
35%
42%
37
'
1977
series
38%
or
Sale Price
Low
70%
37
*41%
Last
Period
Exchange
High
70%
*68
A-O
A-O
1952
4%s external debt
72
Interest
BONDS
Jan.1 1 :
Sold
High
*69%
1953
(Rep of) 7s__
(Republic of) 5s of 1914
External
A-O
1951
4%s
Costa Rica
Cuba
Range Since
Bonds
§AUruguay
^ 6s of 1928
Week's Range
Friday
Friday's
Bid & Asked
(Republic of)—
A6s of
i
or
\
*-t
Week's Range
Last
Sale Price
T
R
& A
Or\
1992
3%s series D
impt M 3%s
series
E
imp M 3%s series H
Div
pon«;ol
1st
cons
rro^d
4vS.
gold 4s
47
97
100 >/4
21
97
100%
104% 104%
71
98%
98% 100
F-A
98%
98%
J-D.
104%
8
99%
M-N
1
1973
104%
105
J-J
1989
19RQ
127% 127%
M-S
1996
1996
*100
J-J
*
*120% 127
118
119%
jr-.T
*110% 120
110%
110 Vi
Volume 169
THE
Number 4773
COMMERCIAL
&
FINANCIAL
CHRONICLE
(515) ' 31
NEW YORK BOND RECORD
RANGE
Friday
BONDS
i
.
..
'
v
New York Stock Exchange
Interest
"1
Last
;
Friday's
or
Sale Price
Period
1st
&
ref
4%s
110 Vi
&
ref
mtge 3Vas_-.i._
1st
&
ref
mtge
;
1
F-A
series
1st
J-J
WEEK
>.;
Range Since
Sold
No.
New York Stock Exchange
Low
llOVz
109 %
110 Vi 110 Vi
110
mi
112
72
I
100
.100
1
10
98
Vi
100 %
•?
98
98
98%
18
94%
98%
'
45
46
43%
46
Firestone Tire
mtge inc coriv 5s
1st mtge 3%s ser B——
1997
J-J
1985
M-N
Chicago <fe Erie'1st gold 5s
1982
Chicago Gt West l£t 4s series A—1988
AGen inc mtge 41/zs___
Jan 1 2038
Chicago Ind & Louisville Ry—
45%
M-N
_
*99'/s
.
'
■
r.'W—
"'
A
J-J
Chicago Indiana
Chic Milw
1st
St
Southern
&
Paul
mtge 4s
&
Pac
1956
Chicago &
J-J
63%
63y2
52%
62
mtge
ser
inc
conv
mtge 3s
4Vis
Pacific
1st mtge 4s series A_
AGen mtge conv 4%s
Chicago St L
&
1994
s
J-D
2%-4Vis
West'n
57>A
10iy2
61%
-521/4
54
571/2-
14
106
94
98%
2
103
1031/4
101'A
102
103% 103 y8
101% 102
11
\
Cleve
Cin
Chic
General
&
J-J
76
76
76%
2
J-J
72%
71%
72%
"58
75
5s
Ref
&
Cin
Wab
1
104'/a
13
104%
106%
1041/4
1041/4 104%
1962
M-S
105%
105%
1975
A-O
100%
1978
J-J
St Louis
Div
1st
100 y4,100%
&
*92
1961
J-D
—
2
99
'95
&
Toledo
4s___1990
86
64%
67%
138
60 %
60'/a
9
87
87
87
1950
F-A
:
A-O
of
1st &
ref 3s
conv
series
81
Consolidated
1st
Baking
Crucible
Steel
§ A Cuba
Northern
1st
85
24
v
102
Gas
1st
Feb
-1959
-
96
—'''
70'A
70 VA
10
<
M-N
101'A
*102
B
106
108
1051/2
10
104
106
103 %
Jan 2044
1st
1021/2
46%
101%
—-w
1976
2%s_
J-J
M-N
1031/2
105'/4
106
1061/4
104'/8 104%
104%
104%
gold
4s_;
1951
_1951
Purchased
J-D
M-N
103
103
103
-1963
J-D
106%
106
106%
-1952
/'
*93
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-
-1946
J-D
)■ •':]
A-o
r
97%
94
97'A
127'A
97'A
121%
„
96%
121'A
96%
95
94
31
93%
95
ft 102%.
1
102%
103
63 %
671/4
120
62 %
23%
'A
94VA
102
24%
135
23
67 VA
25%
M-S
A-O
M-N
1952
*35
*34
!
98%
99%
106% :
102%
102%
100 V's
99%
•-■I'-
i
,
Ref
>
52
?
13
27%
301/4 !
;-_•_
33 VA
35
:
;
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34
35
!
99%
r
V
--
101 'A
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102
102 y4
5
100%
102%
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19
105'/a
107'A
56
83'A
88%
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J-J
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gold 3s
86%
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J-J
101
F-A
L
&
N
J-J
J-J
1951
J-J
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F-A
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101
1'-
1001/8
100 'A
101 Va
101 %
93%
99%
101
*103
1951
*100%
--
101 Va 101 Ve
u._
--
O—
J-D
96%
96%
—1963
J-D
90
'
1963
J-D
1970
J-J
gold 4s____1950
J-J
1963
C___
mtge 4s ser D___■
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1st
1
101v
100 Vb 100 Va
1951
series A
4'As.series
88
103%
1951
6s
series
A
1986
69
90
93%
22
88'A
85%
86y4
11
81%
86%
100% 100%
100%
98%
15
1001/4
100%
100%
*100% 102
100%
93%
5s
series
B_J.
Int Rys Cent.Amer
:
1st
5s
J-D
*89
100y4
RR—
>—1952
J-J
67
66j/8
67%
80
64'A
67%
A-O
241A
24
24%
26
221/4
25'A
J-J
60%
601/2
61%
28
58
60%
611/4
25
58%
6 iy4
68%
691/4
57
67 Va
691/4
98
99
1956
1956
A 1st
gold 5s series C
§Alnternat Hydro-Elec deb
'
■
'
101 Va
Adjustment 6s series A—July 1952
A 1st
34'A :
29
105%
4
F-A
&
a 1st
A
36
-
36
104
101'A 101'A
3s__—.1951
Imp 2%s ser C
tInternational Great Northern
,
34
St
5s
103
59
J-J
F-A
Terminal
102%
70
105%
105
Indianapolis Union Ry Co—
.
;:v 50
ref
•joc:
*102%
—1950
gold
103
1955
;
Indiana 111 & Iowa
100 y8
12
&
ref
Illinois
101%
3
83
'
1st
1st
<
106
'I
1st
Chic
1st ref
A
105%
,.1966
3%s
and
Joint
'
103'/a
39
.1
111 Cent
98% "
951/4
20
'
-
Div
102%
1953
;
i
98"
102%
103
1952
gold 4s___
5s
97
98
102%
,._1951
Bridge gold 4s_^
Litchfield
97%
*102
*103
Registered
102%
180
341/4
28'A
J-D
!
20
;
50%
34
—z
J-J
-1946
■_
5
'
•
95
*48%
.
34
J-J
—
98%
100'/a 101 Vi
'
;
—
■
*101%
Springfield Div 1st gold 3%s
Western Lines 1st gold 4s
97%
7
100'A 100'/8
J-D
—
/
*101%
3%s
St Louis Div & Term
94%
98
102% 102%
J-D
98
61
J-J
Louisville Div & Term gold 3y2S_1953
Omaha Div 1st gold 3s
1951
•
—:
1;
97%
98'A
M-N
74
101'A
97
A-O
Debenture 4%s
106
106
__
104%
9 7 Va
-1966
72
951/2
96
1955
lines
Refunding
Gold
*971/4
_<.
97
3
10
J- J
4s
Collateral trust
—
A-O
100 Va
5
96
1951
•1st gold 3 V2S
Extended 1st gold 3'As,
1st gold 3s sterling
Collateral trust gold 4s
104%
7
M-S
M-S
102%
57
*95%
J-D
50%
104
30
*106'/8
A-O
10%
102%
21
*93%
J-J
Cairo
*100
J-J
9%
•
—
59
*124
1978
i
v
J.Vj.74
•
*103%
.
49
—
7c''/a
—
1981
-i
136
104'A 104%
'
F-A
70%
97VA
96
-U
24
*105
A-O
70%
*a7
A-O
i
102% V
1041/2 1041/2
A-O
J-J
4
57
57%
1968
M
Apr
63
f
*__
104%
96'A
97%
F-A
«
102%
8
49%
;
78%
951.4
101% 101 %
J-D
\
102% 103
M-S
J-D
87
25
*«,—
*ob
'
A-O
M-N
i
38
105
%
49%
F-A
93
75
7
10
9'A
A-O
J-J
1st
100%
1071/4
F-A
5%s__ -1942
deposit rets
§A6s series B deposit
receipts
95%
J-J
Util
96%
92 Va
86'A
68% V
86
102
-1972
A
95%
.
Feb
1975
States
2
RR—
series
4s
rei
93
62%
—
ll982
mtge 3 Vis
receipts
series
A-
B__
Ohio
93-
93%
'
*)W
-1968
117
1
{
-1977
23/4s
121'A
116
78V'4
Illinoi$ Bell Telep 2%s series A
64'/a
871/2
M-S
mtge 2%s_ -1975
3s debs
-1965
110'A
120
96'/8
781/4
"
'
1957
60
17
-1972
S A Deposit receipts
RR 1st 5s gold!
§ A Deposit
Mobile &
Refunding
-1961
A Cuba
§A7Vis
ctfs
86%
York
;
Ry
J-J
'
1962
104%
105%
-1965
3Vis
D__;
Natural
Consumers Power
___1961
R
deb
I
106
A-O
-1978
New
109%
6
897/a
J-J
105%
1955
debentures
Continental
J-J
1970
104%
1970
lst.& ref mtge 2%s ser A__
1st & ref mtge 2%s ser B
1st & ref mtge 23/4s ser C
3s
i__2010
|
1041/2
*101
A-O
1951
6
121%
87
H
11
107
1973
4Vis__.;__
100%
117
*87%
J-J
27
*101%
A-O
-1977
Corp
Q
—
•
——
M-S
1041/4 1041/4
J-D
1977
.
99%
--
'
__
f 3%s A
s
Cigar
Edison
J-J
1999-
Commonwealth Edison Co—
Consolidated
J-J
1982
1976
*>,105% 105%
J-J
1982
1st extl 4s
Consolidated
ctfs
-:__2000
P
A-O
1
Conn River Pwr
O
92
79
12
64%
M-N
^—1970
3'/4s
11
96 Vu
96%
1st mtge 3s series B
Illinois Central RR—
81
86
1972
El
1st mtge 3s series L
1st mtge 3s series N
Conn Ry & L 1st & ref
ser
_
—1978
Ry—•_
Ohio
3%s
mtge
J-J
_
I
101%
92
86
J-J
1961
85%
8
121
117
117
1957
80'%
J-J
1991
-
Sou
mtge
1990
_
J-D
1977
—
Columbus
*1071/4
J-D
.
—
30
87
109% 10[ VA
J-J
1949
4Vis (stamped modified)
1980
Columbia Gas & Elec 3'/as debs_,._1971
3 Vis
debentures
1973
&
N_
1st mortgage 3s
1071/4
J-D
1993
Southern
ser
Gulf
Pittsburgh RR—
&
Columbus
106%
101% 101%
1st mtge 5Vis series A__
1st mtge 5s series B__
1st mtge 4Vis series C
65'A
100% 100%
J-J
Ry—
trust
102'/2
56%
—
86 'A
102 >A
F-A
4s
104%
101%
100%
102%
F-A
Series D 3 Vis gtd
Cleve Short Line 1st gtd 4Vis
Cleveland Union Terminals Co—
Colorado
100
10
1969
Cleveland Electric Ilium 3s_
1st mortgage 3s
Cleveland
50
102% 1021/4
1966
1st
coll
I
106%;,'
—1974
B
Div
103%
2
*100
'
J-J
1973
Collateral trust 33AS
.
J-J
1993
Mich
__1952
Gen mtge inc 4s ser B
104%
series
&
6
65'A
*103% 104
J-D
mtge;inc 5s ser A___»._July 2015
1st & ref 3%s seris D
-1969
103
impt 4Vis series E
60%
61%
M-N
!__1976
D
Gen
106%
1021/8
gold 4s
General
5'As
ADebentures
72%
103%
1952
High
299
101% 101%
101%
M-N
3%s
Gulf
77
70%
12
Louis
Low
M-S
mtge 2%s_1965
1st
mtge
.ist
102% 103
St
Co
Greyhound Corp 3s debs
J-J
City Ice & Fuel 2%s debs
City Investing Co 4s debs
1956
Ry Co—
series B
2%s ser
Gen mtge.2%s ser
Gen mtge 2'As ser.
AGreen Bay & West
.
mtge gtd 3%s series E
mtge 2%s ser G
1st
F)
Gen
noi
J-D
Cincinnati Union Terminal—
1st
-
103% 104
.
M-S
M-S
Gen
\
106%
126
98%
25
1st & ref 4Vis series D____„,
.
M-N
J-D
1969
General 5s seriep C
General 4'As series
59 7%
89%
89
88%
106 % 106 Vi
Cine Gas & Elec 1st mtge 2%s
1st mortgage 27/8s
of
Gen
151
J -J
4s
(B
Northern
General
65
iz*
1963
conv
Jan. 1
No.
Realty & Utilities Corp—
Goodrich
103%
177
58 Vi
97 %
J-D
1994
Indiana
1959
—1974
A4s conv inc debs
'A
94',4
G——1963
Chic &
General
Station—
1st mtge 3%s series F—
1st mtge 2%s ser
4'As
Gas & Elec of Berg Co cons 5s____1949
65'/8
51
Great
106 y2 106 Vi
Apr
-
Union
Range Since
Sold
High
77%
«..
47%
__
Vi
*--
J-J
A_Jan 2019
Gold 3Vis
—1951
Memphis Div 1st gold 4s
1951
Chic Terre Haute & S'eastern
Ry—
1st & ref M 2%-4>4s—
,__1994
Income
76
62
,
I.s Hi '
65
74
57 Vi
57%
J-J
Orleans 5s___1951
New
2
Bonds
-87
Ry—
...
ser
75
83
10° J <1 1 <""">%
Apr
1989
&
-
Friday's
120%
118
13
;...
/>
or
Bid & Asked
"
Jan 1 1999
B
ser
Chicago Rock Island
.' I
7r.
:
.>...
-
74 VA
J—
11
>■
98%
__
Apr
ser
'
debs__a.i_1961
3s
1st
deposit
Francisco Sugar coll trust 6s__
i.
Apr
inc
j
V.
51
A__Jan 1 2019
conv
4.
77.
..'51
51
J-J
|
64
B__—:__Jan 12044
North Western Ry—
mtge 4%s inc
Chicago
.
J-J
'■
38
%
77
J-J.,
1994
Gen
1st
RR—
A
ser
4Vis
2nd
4s_
V
87
64
A
1st mtge 4s inc ser A
Jan 1983
A 2d
mtge 4%s inc ser A_i__Jan 2003
—
86'A
Rub
1st & ref 5s series A
ACertifieates
:
*119,'A
J-J
&
tFlonda East Coast
Chicago & Eastern 111 RR—
AGen
Week's Range
Last
*
Sale Price
-
»
100
..
Period
Low
F-A
1970'
-
High
109%
High
Friday
Interest
BONDS
Jan. 1
F-A
—1985
ENDED JANUARY 28
1
Bonds
r
Bid & Asked
Low
Chicago Burlington & Quincy RR—
General 4s
«'
-—,
1958 \
FOR
Week's Range
60%
A-O
68%
iy /2
B__
J-J
1944
6s
M-N
99
99
2
6 DA
D
Dayton Pr & Lt 1st mtge 2%s___ .1975
1st mortgage 3s
.1978
Dayton Union Ry 3 Vis ser B
.1965
Deere
&
Co
Delaware
N
Y
Lack
Lack
1st
&
&
ref
West
&
RR
Western
M
5s
div
&
Coll
Tr
Delaware
1st
Essex
1st
1973
1%
ser
~2
101%
102
96
43
93%
102
95%
951%
M-N
1993
M-N
*87
68%
M-N
1973
68%
contingent int)
Salt
Lake
mtge
i
68%
69%
50
1993
J-J
89%
89%
91
Apr
65 Vi
651%
65%
mtge 4s ser A_'
'1st mtge 3%s series B^______.
ref
2%s
Second
gold
Term
&
.__1993
J-J
81
81
81%
M-S
1091/4
—1970
J-D
104%
10
88%
1982
7
79%
82
108% 110
18
108%
104% 105'A
*98 Vi
99 '
23
104 y8
M-S
v
';l
•
342
105 y4
*60%
—1961
4y2s
J-D
M-N
1041/4 105 VA
1976
M-S
—1961
J-J
107%
"
1071/e 108
'
1987
J-J
J-J
;
:
1961
Plain
4'As
:i '
•
'
F-A
99%
1st 5s_
Southwestern
1st
5s
stamped
104'A
1997
A
99
48
97%'
46%.
100% 101
1956
M-N
*111%
1995
J-J
*i42y8
1970
M-S
1965
A-O
A-O
mtge 31/4S ser E
Jan 2015
J- J
100
99% »
:
48
'
:
101'A *
105
112
—
112
1964
A-O
1st cons
1990
J-J
1st
2000
J-J
mtge 3%s ser F
mtge 3y8s ser G
1st cons mtge 2s ser H
Ohio Div 1st mtge 3V4s
cons
For
footnotes
see
;
page
33.
1953
M-S
101'A
103'A
99%
101%;
99%
100%
I'
8
75 VA
114%
104'A
>
•;
j
1
114%'
i
——
100%
69%
M-S
,
1st
Lake
mtge sf
Sh
37/p.s
H OO
—
*98 Va
—
—
~r
*102% 102%
%
;
101%
7/d
12
112
24
107%
6
103
%
Nitrate
<
%
gold 3'As_—1997
J-D
95
95
1997
J-D
*__
90
1975
Deo
90
91
5
——1970
A-O
97
8
95
2
100
Ltd—
A 1st
mtge income reg
Lehigh Coal & Navigation Co—
5s
112
>
95
96%
90
90'A!
90
91
--
97
F-A
—1964
F-A
96%
96 'A
—1974
stamped
1954
F-A
92%
92%
93
F-A
68%'
68'A
70%
105%1
105%
100
100
101'A
89%
87
101%
1
96%
96% ':
6
92%
93
68
70%
72%
Lenigh
Valley RR—
stamped modified
registered
24
J-J
70%
70'A
71%
15
68%
2003
M-N
39%
39
41%
161
38%
2003
M-N
.38'A
38%
38%
3
37%
40
2003
M-N
43%
43%
45'A
41
43
46%
41%
85
67%
72
96 Va
96%
*40'A
43%
42
42 VA
5
84'%
89 >A
M-N
48%
48%
49VA
47
46%
49%
83%
87%
Lehigh Valley Terminal Ry ext 5s_l951
A-O
73
73
74
91
71VA
*99 Vi
II
99
Lexington & Eastern Ry 1st 5s_
Liggett & Myers Tobacco 5s:
1965
A-O
120
120
1951
A-O
1
107%
108'A
4'As stamped modified
4'As registered
5s
stamped
.
97
--
99
89%
*85
,
V
103%
*95% 102
-
J-D
;
Co
110
A_.._.——1968
ser
& Mich Sou
3'As registered
Lautaro
4s
72
—
*108
M-S
105
105
105% 105%
M-S
1971
101
*100% 100%
*100'A
—
A-O
1959
ctfs
5s
Lehigh Val Harbor Term gtd 5s—1954
Lehigh Valley Ry Co NY 4'As ext_1950
__
*104
70
13
114
•
A-O
i__1964
JAKreuger & Toll
4s
mtge inc 41/2S ser
1st cons
101%
104'A 104'A
'
*53
J-J
J-J
Laclede Gas Light 4'As conv debs__1963
Lakefront Dock & RR Terminal—
105% I
Erie Railroad Co—
Gen
101%
'1
114'A 1141/2
J-J
1961
Lehigh Valley Coal Co—
5s stamped
—
5s stamped
1
105 Vi
4
<
90
99
1965
(NY) 1st cons gold 5s
Elgin Joliet & Eastern Ry 3'As
100 VA
'
1961
unguaranteed
-
Ed El 111
100'A
>
73%
70
*87
I I
—»•
'I
■
96
~2
__
101 'A IOIV2
104%
S F mtge 3'As ser A-.
&
A-O
101%
Stamped
96
!"/,
100 % 100'/4
*101%
A-O
*
108
73 'A
48
——
J-J
—1977
Paso
I
;
105%;
99 »A
.
*73
—1995
4s
N'.
110
J-D
i
5s
96
--
J-D
A-O
65%
J-D
—1937
El
97 % '
J-D
Kings County El L & P 6s
Koppers Co 1st mtge 3s
I_
East Tenn Va & Ga Div
76%
96
1974
91%
64%
fixed
Tunnel
75%
12
1968
Kansas City Terminal Ry 2%sKentucky Central gold 4s
—
int)_^
series
34
97'A
.1975
v
104%
125
—1995
Detroit
1st
69%'
103 >A
—1958
A
;
-
Gen & ref 3s series H___
&
87
' 68%
-66%
"V5
2018
(4Vi%
(3%
contingent
76 %
97%
K
City Power & Light 2%s__1976
1st mortgage 27/8sJ
1978
Kansas City Southern Ry 1st 3s__1950
'
1%
Gen
65%
J-D
—1966
&
Income
j"
fixed
mtge ser A
contingent int)
J-D
75%
j
West RR—
AIncome
Denver
'
96%
85
68%
1041/4 104 Vi
A-O
1977
3Vis
(3%
A
A-O
75%
—
M-8
Kentucky & Indiana Term 4y2s___1961
Light 3s
tr
Rio Grande
mtge
M-N
——May 1 7042
&
mtge & coll
Denver &
102
J-D
Kansas
103'A1
99
division
4-6s
Power
103y4
1
AIncome mtge due——
Morris
2
Co—
.
C
ser
A-O
.1963
extended
31
J-D
.1965
4s
99%
Jamestown Frankl & Clear 1st 4s_ .1959
Jersey Central Pow & Lt 2%s
.1976
Kanawha & Mich 1st gtd gold 4s__1990
2%s debs
Delaware & Hudson
99y»
103'/4 1031/4
j-J
modified
.—2003
2003
M-N
*119%
—
108
—
108
>
74
.
32
COMMERCIAL & FINANCIAL.
THE
(516)
:
CHRONICLE
X949
Monday, January..3lr
.
NEW YORK BOND RECORD
JANUARY 28
RANGE FOR WEEK ENDED
Friday
Friday
Interest
BONDS
•>
New York Stock Exchange
Period
'
Week's Range
Last
Sale Price
Low
U-H
26%
'.
100 Vb
ie
108
102%. 103
107%
*107
103 V«
106%
\
Coll
trust
Northern
1st
&
ref
M
2%s series G—
1st
1st mtge
ref
M
33As
(Wise)
gold 3s
1972
1960
*92'A
100%
98%- 99'A
69'A
71'A
93'A
93'A
101'A 101'A
Manati Sugar 4s sink fund__Peb 1
1957.
Manila RR (Southern
Lines) 4s—1959
87
89%
85%
May Dept Stores 2%s debs
97'A
97'A
97'A
1972
Mead
Corp 1st mtge 3s
I960
Metropolitan Edison 1st mtge 2%s_1974
Metropolitan Wat Sewerage & Drain
(see Foreign bonds)
Michigan Bell Telephone Co—
22
debentures
100'A
§ A 1st
guaranteed
1st
97%
Gas
& Electric 2%s
103%
!
*100%
40
80'A
impt 4%s series C
1979
Michigan Cons Gas 1st mtge 3yas_1969
mtge
1st
mtge 3%s
2%s
tjAMidland
Minnesota
Minn
St
of N J
1st mtge 4%s
inc
Ste
102%
'A
60 'A
101'A
60'A
1967
♦101%
__
60
60'A
101'A
—
Jan 1971
3
lien
40-year
Prior
A
5s
4s
Cum
4yas
adjust
^Missouri
A 1st
series
series
lien
17
50
1990
53
71
A
A
1st
&
ref
80%
88
73'A
79%
103 »A 103'A
103
103 •«
100% 100%
100'A
101'A
115% 115%
105
106'A
107% 110
99 3 4 101'A
114'A
116
103'A
106 «A
•97 'A
101'A
99'A 101%
96'A
101'A
100% 101'A
99%
102
83%
87
*104%
_4
*102'A
78
44'/a
253
F
1977
8i%
82 y2
256
79
81'A
82%
282
79%
82'A
1949
25
26'A
140
25
26%
A
ser
81%
82%
146
79%
82%
105%
81%
82'A
186
79
82%
107%
Moh'k & Malone 1st
gtd gold 4s—1991
Monongahela Ry 3'As series B
_1966
Morrell (John) & Co 3s debs
1958
62%
62%
5
61%
62%
103'A
103'A
101
101
&
ref
gold 5s
ref 5s
series
series
H
I
Morris & Essex 1st gtd 3yas
Constr M 5s series A
•Constr M 4'/as
\
*104'A
—
*101%
--
1955
Mountain States Tel & Tel 2%s
3V.s debentures
74%
75'A
91
91
1986
99% '
1014
58%
74'A
5:
75'A
91
30
91
60%
60'A
•
♦102 y,
1978
16
15'A
—
104%
Chattanooga & St Louis—
3s
B
ser
-
3s
4%s
series
1
114
100'A
4
109
109
11
106 'A
106%
105
104
105%
88%
105
105%
*98
101'A
*100
•
debentures
101
101%
101
101%
1961
B
*117
117%
117
,V 117'A
1982
99% 100%
99%
Jersey Bell Telephone 3yas
1988
103'A 103%
103%
Junction
1986
*98'A
103%
N
RR
gtd
1st
4s
Jersey Power & Light 3s
1974
New Orleans Great Nor 5s
1983
New Orleans & Northeastern
RR—
Ref & Imp 4'As series A
New Orleans Term 1st
'
*103'A 104 'A
98'A
5s
series
B
^Certificates
A 1st
A
5s
4'As
of
98%
98'A
98%
*97
105'A
5
*102ya 108
103'A
104
*105%
—
—•
^
112
*107'A
7
*113'A
93
93
94%
95
92
__
-
105%.)
*103'A-
.—
92
~2
'
r
i
—
—
36
106'A 107
deposit
D
of
"
95'/a:
>
10'A
10'A
101% 102%
2
'
94%
95
1950
series
Certificates
A 1st
deposit
C
Certificates
A 1st
A
series
98%
103'A 103'A
103 »/2
1954
of
10%
*9%
*104% 105'A
1952
gtd 4s_
1953
fNew Orleans Texas & Mexico
Ry—
A 1st
98'A
99%
*101'A 102
—
New
101%
.
100% 100%
100%
New
J
115
99% 100
101
—
1952
England Tel & Tel 5s A
gtd
89'A
99%
103'A
88'A
National Steel Corp 1st mtge 3s
1960
National Supply 2%s debs
—-1967
Naugautuck RR 1st gold 4s
1954
1st
88'A
99% 100 %
103'A 103'A
—1986
National Dairy Products 2%s
debs_1970
3s debentures
1970
New
—
98%
98
1st mtge
110
107'A 108%
*
Nashville
106
79% ,81'A
81'A
1955
series B
*80%
56%
62
58%
57
2000
101'A
101
__
115%
1980
1st
—
100% 100%
82'A
1978
series
gold 5'As
A 1st &
.
64%
104%
*104
1981
A
.
97
—
62'A
62%
93%
96
—
*100%
44%
82%
'
series G
5s
101'A
93'A
93'A
96»/a
82%
41
81%
1975
103%
101%
80'A
42
1965
103%
101'/s 101%
Co—
RR
99
103% 103%
100%
70'A
4
97 'A
99'A
99
103'A
70
70%
78'A
A—Jan 1967
& ref 5s series A
AConv
102%
97'A
*95
96
85
67
70
1978
A
::
103'A
101%
103%'
74%
82%
13
1962
series
5s
Pacific
103
102'A
93'A
53%
»A
67%
20
1962
B
series D
General 4s
A 1st & ref 5s
103
102%
102%
101'/s
Missouri-Kansas-Texas RR—
Prior
104'A
102'A
*_-
!''■■■
87
85
Jan 1991
A
ser
102%
106
102%
102'A 102'A
97%
102'A
'
Marie—
A Gen
mtge 4s inc ser A
Mo Kansas & Texas 1st 4s
.
106
103
102
100
1940
1st ext 5s
Sault
106
100
*102% 104'A
1969
Mining & Mfg 23As
80'A
105%
__
1969
Paul &
81
105% 105%
*97
99%
105 7A
105
102'A 102%
101'A
80
97
95
104%
103'A 103'A
102'A
101%
97 'A
J
—
101'AIOI'A
1952
&
1st
97
104'A 104%
Oregon-Washington RR 3s ser A—
14
102%
96
97'A
95'A
2%s
mtge
Oklahoma
!
100%
101% 101%
3s_
*106
195.1
105%
13
14
14
4s
103
Jack Lans & Sag 3'As
1st gold 3%s
99%
101%
_
tOgdensburg & Lake Champlain Ry-
97'A
102 »A
100'A
103'A
—
103'/? 103%
103'/a
1988
99 '/b
96'A
—
*
1st mtge 2%s—
Bell Telephone—
103 Va
105%
*102'A
Michigan Central—
Ref
lul 'A
98%
o«%
Ohio Edison 1st mtge
89%;
101'A
*101'A 103
*99'A
94'A
89
8
67
101»A
71'A
95
71'A
1954
94'/b
90
13
94%
debentures
3'As
Maine Central RR 4%s ser A
1st mtge & con 4s ser B
3%s
94'/a
1
Macy (R H) & Co 2%s debs
64%
60%
'88
84
Northwestern
Knox & Cine Div 4s
100
61%
8
68
93 "a
3s
&
2d
High
106%
59%
Co—
Power
•
98
1st: mtge 2%s_
(Minn)
H
29
65 'A
—
102'A 103'A
4'As
States
64 3 a
'/a
102
53
93
impt 4yas series-A-—
series C
series D
Ref & impt 5s
Ref & impt 5s
:
7/b
87'A
2%s
Div
Jan. I
Low
62%
_Ja
registered
3s
1st mtge
Louis
Range Since
Sold
No.
High
105 Ve 106
*61
P—
Atl
Bid & Asked
*101
33/.s series
St
Bonds
Friday's
or
-
—
lien 3s
1st & ref M
ser
Week'* Range
Last
Sale Price
4S-
registered
Ref dc
Nashville RR—
<to
4s
General
108 V.
102%
106%
108 Ve 108'/a
debentures
Louisville Gas & Elec 3'As
1st <te ref mtge 3s
lieri
Prior
100 &
100
*1003:'2
Lorillard (P) Co deb 5s
1
Northern Pacific Railway—
•
stamped
Louisville
(
32
100 A
—
100 »/B
100 ;f 2
Period
Low
__
*100 A
.
High
Low
No.
High
*104'/.
—
Long Island unified 4s
Guaranteed ref gold 4s
3b
New York Stock Exchange
'
Jan. 1
.
i
Little Miami gen 4s series A—
ALombard Electric 7s series A.
4a
Sold
Bid & Asked
Interest
BONDS
V
Range Since
Bonds
Friday's
or
1956
deposit
—
106'A
—
106'A 108
88 'A
88%
*100% 100%
97
96
97%
38
1998
57%
57%
60'A
312
2013
60%
60'A
65 'A
294
&, impt 5s series C
2013
Central & Hudson River RR—
General mtge 3'As
1997
68'A
67%
71%
139
79'/a
79
81%
17
1997
75
75
75
1998
59
59
59 %
5
56%
56%
4
58
59%
5'As
series
ACertificates
A
of
1954
deposit
—
York
Cons
Ref
Central RR Co—
4s
&
series
impt
A
4'As series
A
Ref
101'A 102%
35
100%
102 %
101% 101 »/a
102'A
New
8
101%
101%
N Y
3'As
Lake
.
registered
Shore
". 3'As
—
coll
gold
3'As
registered
-
i
1998
Mich Cent coll gold 3'As
3'As
1998
registered
1st
N
3s
mtge
Y
Dock
1st
B
1975
Y
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4'As
N
Y
;
&
JAN
A
Y
-N Y
2043
*98
Hartford
4a
sor
Ont
<fc
A-2022
ser
—
10*»%
11'A
•
1940
1943
—
1st gold 5s_
Telephone 2%s ser D
Niagara
Norfolk
Falls
Power
Southern
AGen
1982
..
73
75
97%
73
98
98
20
73
97%
*
22
\
3%s
ran
series J__
1A Rut-Canadian es
t§ARutland RR
75
*98%!.
104'A
103'/.
101'A 101%
101'A
102'A'
Saguenay
108% 108%
108%
108%
|
St
1
St L
J
St Louis-San Francisco
103 %
=
,
.2014
Northern
Central gen A ref 5s__ 1974
Gen A ref 4yas series A
1974
33.
__
?'
128'A
_i,
82%
82%
128% 128%
112
112
82%
85
128'A 428%
112,
,
isxarxpeu
4'As stamped—
Am®
:
Ry Co—•
naKP
35
.
22
1981
3%.
mtge 5s conv inc—
p-p
45'A jf
35
20'A
Reading Co 1st to ref 3%s ser D.
Reynolds (R J) Tobacco 3s debs.
Roonester Gas & Elec Corp—
Gen mtge 4yas series D_
Gen mtge 3%s series H
Gen mtge 3'As series I——~
103% 104'A
—1978
Norfolk & Western Ry l*t gold 4s_1990
Fnr fnotmtes
43%
-1937
5s
107 y.
'
—
4%s——*
100'A 101
*100'A
103 "»
9%
Susquehanna & Western ER—
refunding 5s
1937
Ref mtge 3y.s ser E
Ref mtge 3s series F—
'1
453
106%
SATerminal
-
47%
103'A 103'A
1st 3%f-
gold
215
217
1977
gold
215
„
—
69 %
4s___June 1992
Gas 2%s
Y
147
220
*104
1st mtge 2%s—1975
IA 1st
101'A
107%
Quaker Oats 2%s deb.
&
Elec
101'A
107'A
147
*210
'
1993
§ A General
-
82
—
*140% 150
8
46 %
46%
1st ™ns ctri 4s
{A2d
*
:
72
67'A
67%
& Putnam
State
1
114
—
101'A 101'A
*107'A
7
1955
Steam Corp
Y
100'A
__
*78%
2007
4s
Power & Light
Y
N
99%
100'A
106'A
103
*98
3
99'A
106
91
Chester—
Port
West ref
*101'A
86%
12
10
109
RR—
A
inc 4'As
1
H
70%
1973
1954
Y
:
A
1973
&
N
JN
series
B
mtge
N
.
100% 100'A
100
4s
100
106'A 106'A
--
98'A
91
100
4s
General
N Y
94%
*101
AGen mtge conv
Harlem River &
1st
90
1951
Haven
rei
94%
*90
90
2043
West
series
New
1st
&
94%
2000
A
Mtge 4s series B
N
1980
gold 3%s
series
4s
ser
63
gold 4s
& Harlem
Mtge
*56
■'
1986
Connecting RR 2%s
N Y
';
*__
F
ser
100
9
'
1998
New York Chicago & St Louis—
Ref mtge 3'As ser E
N Y
58
1
112
i
Lawr
2d
Power
&
3s series A-—
Adir 1st gold 5#-^—.
gold 6s
""
Rocky Mt & P 5s stamped..
Ry Co—*
1st mtge 4s series A-_—.—
A 2nd mtge ino 4%s ser. A—Ji
93'/.
86%
93%;
103'/. 103'A
102%
103%.
93
*__
.
123%
Volume
Number 4773 '
169
,v-\
•
THE COMMERCIAL & FINANCIAL • CHRONICLE
-
(517): 33
1
-
NEW YORK BOND RECORD
RANGE
Friday
Interest
BONDS
New York Stock Exchange
;
Last
Louis-Southwestern
1st
4s
2d
bond
Paul
St
Union Dept
Scioto V & N E
Seaboard
1st
Air Line
Jan. 1
1
No.
Low
New York Stock Exchange
J-J
1990
1971
V
Low
11
105
109%)
85 %
8
101%
103%
100%
101%'
S
1966
A-O
100% iooy4
100%
1976
A-O
1959
15
93%
10
Af-N
1967
25/«s debs
Rubber
Jan.|
Low
No.
High
MS
93%
»
High
100
100%
93%
94
75%
76%/
J
101%-/
100
U
Range Since
Sold
Bid & Asked
High
jj'
'95
/
103% 103 VB
88% 1
2%s
1
debentures
Universal Pictures 3%s debs
'>95%
j
—
—
76%
76
"98
A-O
1989
3%s B
gtd 4s
103%
J-D
gold 4s_1968
cons
109% 109%
"88
Bonds
Friday's
or
Sale Price
Period
*.
Week'* Rang#
Last
Interest
BONDS
'
United Biscuit 2%s debs
M-N
~
Nov 1989
series A
St Paul & Duluth 1st
Range Since '
Sold
High
J-J
__1989
ctfs
ref gold 5s
-
Ry—
certificates
bond
inc
4s
Gen &
2ft
Friday
Bonds
Friday's
or
Bid & Asked
Low
St
WEEK ENDED JANUARY
Ranee
Sale Price
Period
FOR
M-N
*100%
__
*127
:-
—
'
RR Co—
...
1st mtge
AGen
Seagram
Shell
1996
J-J
Jan 2016
J-J
4s series A
mtge 4%s series A
(Jos E)
Sons
&
2%s
101
J-D
1966
Union
101
-i
96%
F-A
42
Socon'y-Vacuum Oil 2%s
J-D-
South
&
Nor
3s
Ala
Bell
RR
Tel
gtd 5s
Tel
&
debentures
Southern
1985
Pacific
1st
Ry
2%s
Gold
4%s
A
25
6
--
94%
^
43
95
••
76
97
97
75%
76%
9
74%
100% 101%
69
100%
101 %
94%
94%
95%
64
>103
109
109 %
Af-S
92
92%
48
J
J-D
1986
*100% 102
J-J
1996
J-J
1st
1961
J-J
1994
J-J
1956
A-O
Ry
1st cons gold'5s
gen 4s series A
Devel
&
gen
6s series A
Devel
&
gen
6%s series
1956
87%
100%
95%
10
11
111%
98
102
96 %
98
106% 107
10
106 %
107
97%-
97%
106'/2
108% 110
A-O
96%
1983
Af-N
;L-i.
'
96%
Af-N
1971
F-A
95%
Sunray Oil Corp 27/8s debs
1966
J-J
97
Swift
1972
J-J
1973
M-N
debs
2%s
84'4
94
95%
116)4
108
1958
95
97
A-O
5
102%
55
Texas
Pacific-Missouri
5s.
5
81
83
76%
1
76%
76
*7
97%
99 Va
99
99 y2
29
98%
99'%
90
14
5
97%
Third
-
RR
Ave
AAdJ
Tol
of
"52 %
F-A
"98
Shore
1st
4s
100
Ry 1st ref 4s
18
15
100
105%
98)4
4
98
92
97%
120% 120%
1
118%
28
99%
Tri-Continental Corp 2%s debs
100%
__
69 %
45%
M-S
60%
Af-S
59
4s—.1952
A-O
Jan 2014
Telegraph Co—
real estate 4%s____1950
gold
1st
71 V&
43 '/a
121
Electric Co of Mo
3»4s__
Union
Oil
2%s
Calif 3s
of
Union
Pacific
2%s
5s
Ref
2%s
mtge
322
42%
3
101 V4
100)4 100%
20
99%
101%
101% 101%
22
101 %
101%;
M-S
101 'A
101 % 101)4
101%
J-J
84%
;_1951
J-J
101 y»
2%s
Mfg
84)4
62
,
101%;
100%
101 %
84%
4
"98% 100)4
101 %
101 %
99%
99%
100%
101 %
101
101 i!
*
83
101 %
101"
101
J-J
—1973
53
59
86
101 % 101 %
M-S
—IP7!
"101 "a
*98)4
A-O
102)4 102%
1960
J-J
1949
J-J
—
86
%;
J-J
_
—
99%
3s
"94%
IB
__
—
99%
99
99
99%
97
7
96%
99%
§ A 1st
1st
B
4s
*112)4 113
.
99%
102)4
104
112VB
112 VB
72 Va
76%
44
49%
46%
46%'
95%
7
97%
'
S
Central
—
"
Ry—
75%
76%
114
A£-N
47%
49%
60
1976
J^D
97 %
97%
3'As
1971
J-J
0
r
Lt & Power 2%s
1976
J-J
general 4s
ACertificates
—
of
deposit
§ ASu & Du div & term 1st 4s
1936
■
;
ACertificates of deposit
Electric Power 25/8s
•
Wisconsin
101%
26
•
99%
*99
% 100
'
Wisconsin
Public
Elec
Deferred
.a
M-N
108% 108%
108%
103%:
Included
A-O
100% 100 %
100
100 %
not
M-N
100%
100%
J-J
104%
104%,
*
0102 "Mr
__
104% 104%
J-D
*101%. 102%
Af-S
25
100)4 100',4
F-A
1991
C
100%
M-N
101
Service
••
--
1
i
--
*100
1976
series
81
J-J
^Wisconsin
45%
45l/2
Af-S
1970
101%
May
1951
debentures
Winston-Salem
71%
27
99%
RR—
debentures
101
1958
1967
deb___^_.
101
1967
1971
debentures
58%
M-S
1975
2%s
trust
60
19
1970
1968
mtge & coll
48
61 Vb
.
J-D
100%
68 7 a
^
101% 101%
-Af-S
1961
debentures
63'A
59
60
*
—1960
conv
Yonkers
3s
109%i
63 Va;
2361
1992
U
Union
108%
Af-N
101 %
*100%
J-D
22
__
1949
120%
101 Vs 101%
A-O
impt 3%s__1960
1st gold 5s
1949
& Ohio Cent ref &
107%
108% 109%
1st mtge 3'As series D
Wilson & Co 1st mortgage
98"%
11
71%
106:%
109).
Wheeling Steel 3Vis series C
106
97%
J-J
3
J-J
Union
Funding &
101%
96
J-D
1960
106%;
107% 107%
*106
Gen & ref M 2%s series A
98
120%
106
107 Va
2361
Western
98%
Jan 1960
Gas & Elec
100%
105% 106
"
101%
.T.n"'
J-D
1966
guaranteed
98
96
J-J
)V
55
__
100
105%
51 y2.
__
Wheeling & Lake Erie RR 4s
*115%
-'
106
1950
gtd
Registered
101%
90
89 Va
106
106%
106
106
W
1OH7
Ss'stpd
3%s.
Ltg
mtge
97
Pacific
income 5s
Trenton
"
89%
F-A
West
i
A-O
Orleans 3%s__1974
New
4-
—
99%
Af-N
A_. 1970
ser
Western Maryland 1st mtge
Western Pacific 4V2s inc A
96
97%
101%
M-N
103%
97
■%2.
101%
82
A-O
51%:
'
J-D
-2000
1985
Term
99
103'%
99%
West Penn Power 3!/2s series I
A-O
•
1990
gold
98
96
76)4
Gen
103%
94%
RR—
—1970
1st
97
103%
14
99
U<£
Washington Terminal 25/8s
i
97
51%
97
97%
96
103%
95%
*101
M-N
Pacific
11
Apr
104
~1
51%
103% 103%
J-J
._1985
&
12
99
Apr
2.65s
..2019
Texas
97%
Apr
Terminal RR Assn of St Louis-
Orleans
97
98 %
103% 103%.
inc series A
Jan 1981
mtge inc 4y4s series B_.Jan 1991
Westinghouse El &
2%s debentures
New
A-O
■
.
25-year
&
Af-N
1973
30-year 5s
Texas
A-O
1995
5V2s
debs
1970
(subordinated)
Warren RR 1st ref gtd gold 3%s~ 2000
110
102%
8
__
51%
1966
debentures
"
Westchester
97
*103%
•
Apr
Standard Oil of Calif 2%s debs
Co
12
I ■:&'
Standard Oil
&
80
*104% 111%
1985
deb 2%s
109%'
'103
1st mtge 3V4s series B
1971
Walker (Hiram) G & W 2%s debs. 1966
Walworth Co conv debentures 3V4S- 1976
Ward Baking Co—
'
Spokane Internat 1st gold 4%s__2013
(N J)
102%:
Gen mtge 4s
87 % i
84%
J-J
Southwestern Bell Tel 2%s debs
3 VbS debentures
5s
cons
J -J
147
Wabash RR Co—
100 %:
84
94%
J-J
_1951
10
115% 116%
A-O
„___1996
87%
*81%
:
115%
,
A-O
1956
A_^
Memphis Div 1st gold 5s
St Louis Div 1st gold 4s
1st
Gen
1st mtg 3%s ser A-1975
RR Co—
mtge 2V4s series G
Coke
&
W
951/4.
92%.
Pacific
Devel &
4
107%
*99% 101
debentures
:
89
mtge 2%s series E
1st mtge 2%s series P
Southern
102 3
103%
A-O
:
100%
1
/
t-
92
92
'
983 4
Af-S
mtge 3s series F
Coal
1st lien & ref M 3y4s ser C
76%,
106
106
106
1963
&
Iron
Virginian Ry 3s series B_^
101%
105
1-1978
95 %
98
ref
series A
gold 5s__1949
Va & Southwest 1st gtd 5s
,
2003
Va
102%
94%
Af-N
•i
'>99% 100
1st
100%
8
Af-N
1969
Af-S
1st
2
Af-S
1981
106
g 4s
series B
cons
f 4s
s
3V4s conv
96%;
—
95 %
*96%
J-J
•
1977
1st
2%s
18
84
102% 102 '4
943k
Af-N
101%
43
96%
•'
Gold
A
100%
F- A
1957
Virginia Electric & Power Co—
1st & ref mtge 2%s series E—_1975
97%
—
J-J
1994
(Oregon Lines)
4%s
San Pr Term
%
1955
Cons
96
96
Co—
41/2s
Southern
—
F-A
1987
Indiana
Southern
95%
95%
J-J
1979
debentures
27/8s
10
34
.
_
Vandalia RR
•
Co—
debentures
2%s
96
100% 101%
96 %
A-O
69 :,4
96%
40
J-J
1963
67%
95%
A-O
Southern
19
126
96 %
—
Oil 2%s debs
1971
t§ ASilesian-Amer Corp coll tr 7s__1941
Skelly Oil 2%s debs
__1965
1976
101%.
68 %--G9 '/2
68%
92'/a
100%
93%
15
delivery
the
year's
In
the
§Negotiability
sale
the Bankruptcy
•Friday's
103
93%
A Bonds
not
range
n
Included
by
Impaired
Act,
selling
year's
e
Odd-lot
the year's range,
r
sale not
Cash sale
*
j
maturity.
being In bankruptcy,
as
d Ex-interest,
range,
not Included in
sale
y Ex-coupon.
receivership,
reorganized under Section
or
77 of
securities assumed by such companies.
or
bid and
the
In
Under-the-rule
year's range,
fCompanies reported
100%.
92
in
Included
asked prices;
flat.
sales being transacted during
no
.
;
.
current week.
'
.
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
in
footnote
a
and
the
AND
YEARLY
RECORD
deferred
week
delivery sales are disregarded in the week's range unless they are the
only transactions of the week, and when selling outside the regular weekly range are shown
which they occur.
No account is taken of such sales in computing the
range for the
in
year,
j
In the
following extensive list we furnish a complete record of the transactions on New York Curb Exchange for the week beginning on Saturday, Jan. 22,
and ending the current Friday, Jan. 28.
It is compiled from daily reports of the Curb
Exchange itself, and is intended to include every security, whether
stock or bond, in which any dealings have occurred
during the current year.
RANGE
Friday
Week's
STOCKS—
Last
New York Curb Exchange
Sale Price
Aluminum
Acme
Wire
Acme
Adam
Aero
Motors
Co
Stoves
Hat
Air
Mfg
Associates
Air; Investors
Convertible
Great
Power
Allied
Fisher
Appliance
Soutnern
4.20%
common
common
America
of
Jan
32 %
Jan
$2.50
Jan
4%
__
4%
1%
100
1%
4)4
__
700
4%
Goods Mfg
Industries common
.'
Bantam
Car
Co
'American
Jan
9%
Jan
6%
Jan
American
Mfg
Jan
American
Maracaibo
Cities
Power
&
'
8
.
•
49)4
5%
94%
C*
common.
*
*
-
.
-
CVi
..
.
Jan
18%
Jan
14%
300
14)4
Jan
14%
Jan;
4%
21,400
25
Co common
American Metal Products common—„2
9%
9 y«
Jan
American
Jan
American
Jan:
Class
—
Jan
92%
Jan
92 %
Jan
4%
Co
&
Jan'
class A
17%- Jan/
Amer
-—.10
22
Scal-Kap common
2
Superpower Corp common____10c
3
Republics
i
$6
150
93%
Jan
95
2,900
1%
300
preferred
preferred
:—#,
>'1,900
.
24%
2%
34
'"•3)4
4%%
For
Gas
Electric
com_»i
preferred
footnotes see page 37.
10
100
.4
40%
111%
-.
.
40%
40%.
lllVitlll%
26%
Jan
Anchor PoBt Products
Jan
634
Jan
An germ an
51%
Jan:
Anglo-Iranian
1%
Jan
1%
Jan:
1%
Jan
1%
Jan:
Amer dep rets ord reg—
J1
Angostura-Wupperman
1~~—I
Apex-Elec Manufacturing Co
1
Appalachian Elec Pwr 4%% pfd—-100
65
Jan
66
Jan
i
..
-1,200
r%
.
500
9,100
,
Jan
41
/
Jan
26
Jan-
Jan
26%
Jan
25 VB
Jan'
3)4
Jani
<22
2%
8,500
-.>
700
Jan
Jan
%
U Ja" '"
15,500
62%
400
4%
500
4%
5)4
-
__
Jan
23)4
22%
100
1/b
5%
V-
400
5% Jan
5%
5%
v/100
'
17 Vb
Jan
Jan
,
-
6%; Jan
Argua
18%. J&11»-
—-—.-2
Co Inc common.
Inc—1
Oil
Co
__
4
-■
1
•
'
/
"58
Jan
Jani
Jan
62%
Jan
4%
Jani
%
Jan;
; ■
5
100
37%
111
Jan
"40%
Jan
Jan
111%
Jan:
r
«%
5%
Jan;
Jan
7%
Jan
-4—
4—1
17%
17%
100
15%
Jan
2%
2%
2%
>100
2%
Jan
7V2
7
Va
7%
700
7%
Jan
106% 108%
/vj3-10
p..900
106%
: 3%
,
-
•
Common class A- non-voting—f'
Jan
Ltd—
Arkansas Natural Gas common..-....*
■
5V4
7%
'
,
6%
-
-
3%; 3%
6%
7
preferred.^——
;
C%
10%
-
6%*'
10®8,
-7
10%
.^,200
V
17
5%
'
1,200 .C'
Janv^ Si
5% Jan
10% Jan
Jan;
3
Jan,
8%
106)4 Jan^,
3Vb Jan
5,000
'
•American
Jan(
Jan1,
4%
4%
'
V,
26%
61
61
Jan
6
10
C5
,-.
5)4
10 V4
Jan<
Jan
series
25%
22
:
%
American Writing Paper common——8
1%
18
Jan
Jan
39
100
40
25 3 4
26%
Jan
.
4)4
•9%
300
,
25 %
•
51%
49%
-
9%
40
•
Chem
Jan
25%
.
,
•
Meter
Potash
B
48
200
.
,
'"
American Thread
.
6%,
14%
25
Co__
Jan
.; " 200
3,600
17%
.
25
Jan
9%
6%
6.%
Jan
17%
Jan
51%
...
■
Jan
22)4
17,800
8
1%
.
.
13%
600
18%
Jan
26.
65
Jan
25
18)4
6
g%
1%
13
24%
American
1%
"
preferred
American
50%
__
Jan
18%
Jan
:
34
24%
3,10o
95
Jan
Jan
20
50
51%
Jan
30
32)4
25
5%
9
High
2%
Jan
Jan
X28
25
Co
Jan
6%
16)4
800
25
4)4
Jan
4)4
100
32%
4%
%_
17.%'"
325
x28
Jan
—
,
__
17%
5%
1
Light— ' ~
1,700
29%
2)4
4,100
1
35)4
91
__
4%
.
100
1
American Fork. & Hoe
__
.
3
Jan
5%
1,500
6
Jan
35%
•
__
6%
Range Since Jan. 1
Low
2%
32%
28%
,_L1
preferred
Rubber
Laundry Mach
American Light & Trac common
5%. Jan
91
__
1
Hard
Shares
High
2%
2%
I
American
8%
25%
,B-
Jan
Jan
200
4%
49%
■,
—"
class A
1%
7%
800
__
„
100
Beverage common
Book
Co_
American
Jan
Jan
6%
57/8
common„..._—50%
-American
Jan
1%
8%
__
__
__
convertible
7'%
.
__
Low
10c
Corp common
preferred
6%
__
"
convertible
for Week
of Prices
Par
American General
Sales
Range
La«t
Sale Price
Exchange
High
8%
__
•
common
Ltd
Class
31%
__
4%
Investing Corp—_"__1
,'Mich) common_____5
Aluminum
■American
$2
__
__1
,
Aluminum
-American
Jan
__
1
$3.75 cumulative preferred
Aluminum
3%
3
•
(
Jan
__
100
Altofer'
,
2%
—•
1
Co
400
8%
50
pfd
Inc
Products
Aluminum
3 %
__
3
Altes Brewing Co__
Bros
Jan
Low
2
Allied-Internat
,
1%
__
10
Airlines
&
Jan
__
1
common
Alabama
Alles
1
__
5
J)
preferred
Alabama
Alaska
(N
Electric
Air-Way
1
•
common
Inc
lnn
__
_1
Stores
New York Curb
1
3
Week's
Friday
STOCKS—
Range Since Jan. 1
High
3
10
Inc
Supply Mfg
Surpass Shoe
Agnew
Ainsworth
1
28
Sales
Shares
.
1
__
common
JANUARY
Low
warrants
Alloys
WEEK ENDED
for Week
Range
of Prices
Par
ACF-Brill
FOR
;
■
Jan.-
;
;;108% Jam...
5... 3% Jafat".fc^
.
,*;7
Jan/.
7)4 Janrv
10% Jan;-'
„
34
THE
(518)
COMMERCIAL &
YORK
NEW
RANGE
UM
New York Curb
•
$7 pfd—
Arkansas Power ft Light
__
.3.50
Equipment Corp
Aro
Ashland Oil St Refining
Associated Electric
1
Co
Atlantic
Coast
Fisheries
Atlantic
Coast
Line Co
-50
51
8%
Jan
Colonial
19%
Jan
Colorado Fuel ft Iron warrants
Corp warrants
Plywood Corp
Commodore
Jan
%
Jan
21
Jan
22%
Jan
Community Public Service
Compo Shoe .Machinery—
800
3
Jan
3%
Jan
105
51
Jan
51%
Jan
200
%
575
21
3 Va
51 'A
2,000
18%
Jan
Jan
5 «.■:
Jan,
Consolidated
7%
800
7»A
Jan
8%
Jan
Consol
200
9%
Jan
10%
Jan
Consolidated
23
19'/2
20
7>A
*
_
-la
9%
9%
Jan
24%
Jan
Consolidated Royalty
14l/2
Jan
15%
400
14%
14%
,'
Jan
21%
4%
preferred series C
Cook
7%
-
-
*
-
ft Smelt Ltd
Mining
Oil
-
53%
Jan
49
2,900
Baldwin
Barium
1
common
~8%
Jan
Coro
7%
400
Jan
8%
Jan
Corroon ft Reynolds common
~5V*
~5%
1
6
50
B
1
5>/2
5%
100
5%
Jan
1
9%
9%
200
9'A
Jan
6
common
Hedges common
Convertible preferred
Jan
1%
Jan*
Jan
34%
Jan4;
Crown
Vs
'8%
600
8%
Jan
Jan.
100
26'A
Jan
27 *
Jan!
35%
Jan
35%
Jan
13%
Jan
14%
Janr
8
A:
27
—
—
6%
3
21
7
7
32
~
II
«...
63
Jan
68%
Jan
21%
Jan
Tobacco
Jan
1%
Jan
13%
2,000
12%
Jan
13%
Jan
28
Jan
28%
Jan
Jan
2%
Jan
50
2%
28
2%
1,200
14
11
5,900
800
8%
200
8'/2
5
1,600
4%
15%
v
Jan
4%
Jan
7
Jan
i7c Jan
16%
Davenport
Jan
100
15
20%
20%
600
21
\
1,200
4%
8%
21%
11%
11%
HI
IIIH
Jan
1,500
6%
Jan
7%
Jan
200
5%
Jan
6
Jan
Jan
6 'A
Jan;
Jan
13 'A
6
6y4
5%
1,500
13
v":
__
2%
2%
700
1%
100
33%
30
17'/4
4,300
Jan
2%
:
H,;
1%. Jan
16%
Jan
1%
■
Jan
33%
Jan
Jan
Jan
17%
Jan
30
Jan
2%
Jan
Jan
103
6%
6%
5%
300
6%
Jan
Jan
13%
<
Jan;;
vA;' 6
Jan
Jan
14%
Jan
Dejay Stores common
Jan
15
Jan
Dennison
19%
Jan
Jan
Jan
2
33
Jan
21
Mfg
class A common
debenture
Derby Oil Co
10%
Jan
2
;
com
ft
Jan
7'A
Jan
8
Jan
7%
7%
10%
400
13%
7%
.
Jan
11 'A
Jan
132
13%
10
A
Jan
Jan
132
3,200
13%
Jan
15%
Jan
600
14%
7%
Jan
9%
Jan
9
2%
2%
2%
400
2%
Jan
2%
Jab
22%
23'/a
400
22%
Jan
23 Va
Jan
12
Jan
•
Corp common
50c
1%
1,100
6%
6'/2
~6%
Jan
VU 12
Jan
7'A
Jan
Jan
Jan
Jan
5%
Jan
Dobeckmun Co
8%
Jan
9%
Jan;
—1
Jan
20%
Domestic Credit Corp class A
Dominion Bridge Co Ltd
125
Jan
Distillers Co Ltd—
Jan
—£1
ord reg
dep rets
Awer
common
4%
Jan
Dominion Steel ft Coal class B
11%
Jan;
Dominion Tar
Jan
22%
Jan:
Dominion Textile Co Ltd common
11%
10%
600
2%
•
Jan
CT-
10%
9%
1
»
Jan
21
Jan
31
22%
2%
2,200
Jan1
3
Jan
1
10%
11
6
Jan
x28%
200
7%
8
Jan
1,000
Jan
2%
320
10
Raynolds class B
Diana Stores
5%
500
10'A
1
Detroit Steel Products
Jan
-
22%
300
3
100
new
Gasket
6
30
7%
Jan
33%
Jan
30
31
6
>3'-;;
30l/2
75
33%
A
■
2%
1,900
2'A
Jan
2%
Jan
29%
50
26%
Jan
29 %
Jan
14%
1,200
14%
Jan
14%
Jan
100
"9%
Jan
10
A
Jah
200
60%
Jan
63
Jan',
32
Jan
32'A
Jan
7 Va
Jan
2%
Jan
29
14%
10
10
60%
61
Jan;
ft Chem Co Ltd
11%
50
11%
Jan
Jan
Draper
A
%
%
4,700
%
Jan
Jan
Driver Harris Co
1%
1%
1%
500
1%
Jan
•
Jan
Corp.
•
61
"
Duke
BOo
400
4%
3%
3%
Jan
4%
Power
10
Co
'
—
•
Duraloy (The) Co
Durham Hosiery class B
Jah*
i
7%
7%
8
2,000
7
Jan
8
200
6%
Jan
1%
Jan
11
25
10'A
Jan
5
400
4%
Jan
5%
Jan
12%
200
12 Va
Jan
12%
Jan
4
4ya
700
3%
Jan
75
76%
300
Jan
7%
£1
1
11
•
common
Duro Test Corp common
Duval Texas Sulphur
1
•
Jan
11
*
12%
12%
Jan
Ltd_I_ I *
HHb
5%
5%
5%
3,300
5 '/a
Jan
5%
Jan
7
7%
1,600
6%
Jan
7'A
Jan
„
I
l
Hill
2%
2%
500
2
Jan
2%
20%
20%
50
20%
Jan
20 y2
Jan
22
22
500
20%
Jan
22
East Gas
Jan
g
Jan
Camden Fire Insurance
Canada Bread Co Ltd
Ltd
it
£1
California Electric Power
Callite Tungsten Corp
Canada Cement Co Ltd
6% %
preference
41 »/8
Jan
1
common
Dunlop Rubber Co Ltd—
Amer dep rets ord reg
pfd
Jan
%
6
35
60c
5
14%
25o
Cable Electric Products common
Cables ft Wireless—
35%
4,100
6%
—
1,500
300
21%
<
10c
Jam
4%
21%
Jan
Jan
9,500
102%
Jan
11%
11
11
3%
■{§■
IVa
i
16%
Jan
•
"•
"Van
rt
__
4%
9
Jan
37 Va
1%
31
16%
A
__
9%
4%
j
Caiif Cotton Mills Co
Jan
,
3%
__
__
1,400
10
?
IIIIl2%o
__
20%
9%
2 50
Calgary & Edmonton Corp
Jan
%
6%
5%
5%
,
<
__
2%
HIq
H-l
I
Inc
13%
22% Jan
9%
.
—
Dayton Rubber Co class A
Jan
10%
•
class B
rets 5%
Calamba Sugar Estate
Jan
15%
34%
%
6%.
2.50
Manufacturing
Detroit Gray Iron Foundry
•
Buckeye Pipe Line
American dep
40
__
34%
Day Mines Inc
8%
los
Distillers_H__I"II
Mills
Hosiery
•13%
14%
•
2.50
I
(Mo)
Davidson-Brothers
Jan
6
Devoe ft
Burma Corp Amer dep rets
Burry Biscuit Corp
Butler (P H) common
Jan
5
:
-
£i
'
Jan
8%
D
Jan
;
fil
Bunker Hill ft Sullivan
Burd Piston Ring Co
Jan
i9G
Jan
4%
Jan
14
-Jan
Iff
8%
•
common
Mfg Co
Detroit
Junior pfd
4%%
6%
!•
600
9%
Jan
lOVa
Jan
9%
9%
•
preferred
10%
10
•
200
9%
Jan
9%
Jan
Marconi
Carman ft Co
1%
Jan
100
19%
Jan
700
8%
Jan
1%
/
20
20
8%
1
1,600
8%
1%
i
Is
Capital City Products new com
Carey Baxter & Kennedy Inc
1%
21
Jan
8%
Carolina Power & Light $5 pfd
Carr-Consolidated Biscuit Co
Carreras Ltd—
3'A
3%
500
3'A
Jan
3%
41'A
41'A
25
40%
Jan
41'A
110%
Jan
2%
Jan
•
l
dep rets A ord
dep rets B ord
'■
„
2%
2%
2%
'
—
~
11,500
111
2%
Jan
£1
2s 6d
(J W) Co common
1
common
•
ft Co
io
-
1
4%
4%
36
4%
36
36
4%
4%
2,000
•
50
4 Va
Jan
Jan
34
4%
Jan
Jan
36
1,300
4 'A
Jan
4%
Jan
H%
Jan
73%
475
70%
~2%
800
"2'A
Jan
62%
63
50
60'A
Jan
63
Jan
52%
54
150
50
Jan
54%
Jan
13 Va
13'A
500
12%
Jan
13'A
Jan
63%
64'A
300
61
Jan
64%
Jap
200
9
Jan
10
1
Jan
36,800
11
Jan
12%
Jan
147
410
145
Jan
7
1,300
6
Jan
7%
10% xll%
1,400
9%
Jan
11%
4%
10,400
4 Va
Jan
4 Va
Jan
A
Jan
Jan
1
1
*
ft Share common
63%
9
11%
11%
145
2d pfd A—*
6%
1
1
6%
10%
4%
Inc
100
1
8
lOo
1
9
9
4%
100
'
12%
1
.
Jan
150
10
100
Jan
300
100
100
6
Jan
Jan
Jan
6%
6 %
6'A
6%
11%
11%
-12%
200
11%
Jan
12%
1%
1%
1%
9,200
1%
Jan
1%
Jan
33%
275
Jan
33%
Jan
4%
200
4 Va
Jan
4%
9,300
%
Jan
Jan
Jan
16% Jan
33
33
1
1
10
•
,4%
32
Jan
Jan
Jan
Jan
74' V
1
of beneficial lnt
Empire District Electrlo 8% pfd
Empire Mill work Corp
Emsco Derrick ft Equipment
Equity Corp common
$3 convertible preferred
Esquire Inc
—
Eureka Corp
Ltd
i,
Eureka Pipe Line common
Jan
4'A
76%
/
~2%
Electromaster
Jan
Jan
71%
72%
Option warrants
Electrographlc Corp common
Jan
•
Jan
-
72
•
A
Electrlo Power ft Light $7
Jan
v
20
Electric Bond
Jan
2.50
common
series
shares
i'-
Jan
$5 pfd shares of beneficial lnt
Easy Washing Machine class B
ioo
Catalin Corp of America—-,
preferred
-
75%
•
;
$6 preferred series B
Eastern Sugar Associates—
Com
voting
101
100
•
preferred
$7
•
•
Class B non-voting
Canadian Industries Ltd—
Fuel Assn common—*
Eastern States Corp
20
common
preferred
ft
prior preferred
Eastern Malleable Iron
•
common
Canadian Industrial Alcohol-
(A M)
1%
12%
Jan
7
Tobacco—
Brown Rubber Co common
Bruce (E L) Co common
Castle
100
13
Jan
17
«
!•
Amer dep rets ord
reg
British Columbia Power class A
Class B
Products
Jan
1%
1%
Jam
•
•
Amer dep rets ord bearer
Casco
3'A
Jan
Jan
700
6
5%
*
preferred
Curtis
24
•
Amer dep rets ord reg
British Celanese Ltd—
Carter
Jan
16"
25c
*
10
5
100
Curtis Lighting Inc common
Jan
200
16 y2
16%
"5%
•
5%
Cuban
130
>•
Crystal Oil. Refining common
$6 preferred
Cuban Atlantic Sugar common
Jan
360
68%
20%
Power__II*
Hi
British-American Oil Co
Amer
3
13%
5
•
partlc
Jan!
100
63
Internat'l "A"
Jan'
•6%
32
68%
Cork
3%
7%
11
A:
50
32
~7
Jan:
7
100
6%
6%
Jan
9
Jan
Jan
5%
10
Jan
10%
32
•
7'A
10%
& .2%
100
7%
10 y2
2%
3
50
2,800
7%
10%
I
50
13%
13%
28
__
•
26%
•
Brillo Mfg Co common
Class A
Amer
400
2%
1
•
1
Crown Drug Co common
8 V*
•
Bridgeport Gas Light Co
Bridgeport Oil Co
Carnation Co
Jan
28
13'A
5
Petroleum
1%
100
Brazilian Traction Light ft
Breeze Corp common
Canadian
Jan
103 '/a
42
33%
l
5%% prior cum pfd
Borne, Scrymser Co
Bourjois Inc
7%
17%
Jan
99 y2
10 Va
Jan
700
g
common
Blumenthal (S) ft Co common
Bohack (H C) Co common
Class A
2,750
Jan
Jan
Jan
'-A 25
1,300
]
common
Canners
9'/2
-17
41%
1%
•
common
Convertible
800
41%
34'A
Birdsboro Steel Fdry ft Mach Co com-*
Canadian
600
dep receipts (ord reg)_£l
1%
•
ft
Bruck Mills Ltd
10%
17%
17%
99 %> 102 >/2
3
3 Va
50
American
33 y2
Benson
cum
Jan
10%
convertible preferred
5%
1
common
l
4%
103%
6
Brewing Co
Crosley Motors Inc
Crowley Milner ft Co
Crown Cent Petrol (Md)
Benrus Watch Co Inc
Brown Forman
Jan
Jan
25
common
Shoe Corp
American
100
5 Va
Croft
10%
British
230
102
2,800
Creole
6%
Jan
Ridge Corp
101
5%
Jan,
Jan
10%
Blue
Juft
Jan
5'/4
Jan
5%
25
Canada
Jan
113
5'/2
Janf
400
Blauner's
7%
62'A
Jan
1
Jan
6%
Blckford's Inc
Jan
Jan
109
Jan
~6
10%
Aircraft
Jan
180
14%
16'A
10%
Beau-Brummel Ties
Jan
Jan
300
Jan
1
& Co common
of
7'/2
58 '/2
Jan.
30
15%
Jan
I
Tel
Jan
15%
class A
preferred
15
•
Baumann
Bell
4 '/2
Courtaulds Ltd—
16
Basic Refractories Inc
Bellanca
Jan
100
3,900
Va
4%
15%
■*4%
37,500
16
ft
(AS)
7%
62'/4
4Va
39%
1
•
$1
Corp
Seelig Mfg—
$1.20 convertible A common
Beck
7%
4% .Jan
Jan
Jan
28'/2
100
30
j;
Jan
111% 113
•
Inc
36'A
shares
(L)
4
3%
6y2
Cosden Petroleum common
Co
Steel
Barlow
2,600
C0'/2
:
■
1
•
5c
Co
Jan
Banco de los Andes—
American
Range
35%
~8%
7%
60%
4'/2
,
29
•
Varnish Co
&
Brewing Co common
Cornucopia Gold Mines
SO
Rubber
Paint
Copper
Jan
55
Locomotive—
preferred
Jan
35
17%
99 '/2
3'/8
1
1
Car-Na-Var Corp
Cooper
49
49
200
8,200
4,250
10'/2,
—•
5
10
Continental Fdy ft Machine Co
B
Baldwin
4%
4%:
38%
4'/4
113
101'/a
1
Utilities
Gas
Liquidating Corp
Continental
Babcock ft Wilcox Co
-
Jan
Jan
10
-28
I
•
-100
100
5%
4
37
30
1
1956
to
600
3%
4%
.25
series B preferred
Jan
6
i
Avery (B F) St Sons common
8% preferred
Ayrshire Collieries Corp com
4% %
4%
21%
5%
28,300
4%
.in
Inc
Vtc ext
Inc
Consol G E L P Bait common
Jan
6
Hotel
High
Low
6
4'A
■
3%
37'/2
1
Jan
Range Since Jan. 1
High
5%
--
25
7%
%
3
-
ft
Manufacturing Co
Jan
7
100
51
3
1
Stone Co
Jan
Jan
7%
21
21
5%
Automatic Voting Machine
■V
Sand
7%
Shares
of Prices
Low
5%
1
—
18%
7>A
7 JA
•
III*
I—1
Products
Airlines
300
%
—£1
rets reg
of AmericaAssociated Tel Se Tel class A
Automatic Steel
Colonial
Sales
for Week
Range
-
-
Par
Jan
4,300
8
19%
18 '/a
113 Vs
Colt's
Anerican dep
Atlas
18'A
Industries—
Asscricted Laundries
Atlas
7%
__
,30
Jan
Week's
Last
Sale Pricey
.
High
Low
113 >/2
.
New York Curb Exchange
Range Since Jan. 1
High
113% 113 %
,
Friday
STOCKS—
Shaves
of Prices
Low
Par
EXCHANGE
JANUARY 28
tor Week
I
Sale Price
Exchange
CURB
FOR WEEK ENDED
Monday, January 31, 1949
Sales
Week's
Friday
STOCKS—
CHRONICLE
FINANCIAL
Central Maine Power Co—
3.50%
preferred
78
100
76%
78%
Jan
200
14%
Jan
15
Jan
Jan
86
100
{Central States Elec 6%
90
14%
85%
I
Central Power ft Light 4% pfd
Central ft South West Corp
78%
14%
—100
Central Ohio Steel Products
7%
preferred
100
Conv pfd opt div ser
Conv pfd opt div ser 1929
Century Electric Co
1
Cities Service
common
City Auto Stamping
City ft Suburban Homes
Clark
Controller Co
Clarostat
Mfg
Claude Neon Inc
common.
Clayton ft Lambert Mfg
Cockshutt Plow Co
Colon
Development
common
ordinary
For footnotes see page 37.
6%
7'/a
325
6%
Jan
7%
Jan
50
55 Va
Jan
58
i,
60
62
3%
3%
600
%
Jan
6%
Jan:
Jan
9%
Jan
3%
Jan
4
Jan
7%
7%
200
7%
Jan
7%
10%
50
lO'/a
Jan
lO'/a
-
Jan
lO'/a
Jan
8
10
13
13
12%
Jan
13%
Jan
63%
63
64%
300
59
Jan
64 y2
Jan
17
17
100
16%
Jan
17%
Jan;
4
•
1%
50
10%
~3%
1
l7/a
8%
800
6
Jan
8%
Jan
8%
1,000
6
Jan
8%
Jan
1%
1%
3,000
lVe
Jan
1%
Jan
43 'A
46 y4
28,100
41%
Jan
46%
Jan
13
500
12%
Jan
13
JanS
lOVs
10%
500
15%
43%
8
13
VA
8
10
13
8
•
l
10
.
16
1%
10 Va
Jan
10 'A
15%
Jan
16%
2%
Jan
3%
Jan
4%
9'A
Jan
H10
64%
65%
60
59 %
Jan
10%
65%
Jan!
-10o
2%
2%
800
2%
Jan
2%
Jait
30%
32%
100
v
Jan'
(Phils)
16
Jan
Jan
'
—1
02 div cum preferred
2
3,400
1%
Jan
2
30%
30
Jan
33
Jan
.
1,000
28%
Jan
32
Jan
Amer
of
15
Motor
Fort
Fox
of
20%
—
Pitt
4% %
Brewing
conv
4%
700
19%
Jan
5%
Jan
*
20%
21
Jan
■v
Jan,
21Jan:
•
.
%
1
—1.25
Co
Brewing
preferred
(Geo A)
1,600
.0
Tn
France—
Franklin Simon ft Co Inc common
Fuller
5 Va
•
dep rets bearer
(Peter)
5
5
Canada—
Class A non-voting
Class B voting—
Amer
Jtl
dep rets ord reg
Ford Motor
Ford
15
—
Co
,
x%
iff
9%
9%
9%
8%
8%
8'/2
8
8
1
50
8
Jan
500
9%
Jan
10 ''
Jan
350
7%
Jan
8 V2
Jan
3
Jan
8
1,900
300
24 Va
Jan
8%
8
Jan
%
25%
25
8%
%
8,500
300
7%
Jan
10%
Jan
%
Jan
25'A
Jan
9
j
Jan
»
Jan
Jan
30
(MH) Co—
5c to $1 Stores.
Ford Motor Co Ltd—
Jan
•
12
•
3%
4,400
2,100
4%
10%
First York Corp common
Garrett Corp
29.
4%
9%
15%
Jan
5,200
4
20
15%
4'/a
9%
Jan
250
3%
5%
3>/4
300
4y8
Flshman
10
„
15%
__1
Engine ft-Airplane
Metallurgical
Fire Association
Jan;
9'A
3%
1
Clinchfleld Coal Corp common
Club Aluminum Products Co
Jan
6
1
Co
11%
2.50
Corp common—
Mining
Jan
10
Chamberlln Co of America—
Chief Consolidated
10%
100
common
Cherry-Burrell
common
Chesebrough Mfg common—
Chicago Rivet ft Mach
Chicago ft Southern Air Lines
Voting trust ctfs
58
6,300
Fansteel
100
Cessna Aircraft Co common
Charls
6%
11%
ft Instrument— —1
Palrchlld Camera
Falrchlld
Jan
ll'/a
5
preferred
.
2,500
3%
Jan
Jan
5%
12
4'A
Jan.
Jan
Jan
Jan
common
Gatineau Power Co common.
8%
preferred—
Gellman Mfg Co common
General Alloys Co
2
10%
*
13
t
100
1
*
11
1,100
~88%
Jan
89%
Jan
6
1%
1%
600
Jan
6x/2
Jan
1%
Jan
1%
Jan
Volume
Number 4773
169
COMMERCIAL
THE
■"
&
FINANCIAL
CHRONICLE
35
(519)
r-
NEW
YORK
CURB
RANGE FOR WEEK
V
f
:
■
Last
STOCKS—
New York Curb Exchange
"u>.
.
-v
i
5%
Builders Supply
Low
High
i
3%
22%
8%
6
8%
Low
,
8%
5%
1
22%
8%
—
Friday
\
General
Outdoor
Adv
General Phoenix
6%
;
£1
1
—10
35%
•
pfd
102
100
1
Jan
75
22%
Jan
22%
Corp
~35/a'
General Plywood Corp common
50c
$6 preferred—*
3
8%
Georgia Power $6 preferred
$5 preferred
!
3%
4,700
95
•
95
Giant Yellowknlfe Gold Mines
1
!"i% ~4%
•
18
•
ft Co
Jan
1
8%
Jan
35%
Jan
Lakey Foundry ft Machine
Lamson Corp of Delaware
Lanston Monotype Machine
La Salle Extension
University
I
6%
.
3% Jan
Jan
2%
Jan
102
Jan
Jan
4
Jan
Lefcourt
Jan
95
Jan
Jan
113%
115
Jan
Jan
5
4
Jan
50
18
Jan
18%
Jan
Jan
10 %
Jan
400
9%
Loblaw
25%
25
26%
2,200
22%
Jan
27
Jan
20%
20
21%
4,300
20
Jan
21%
Jan
11
11%
400
10 5/a
Jan
11%
Jan
Locke Steel
14%;
400
13%
Jan
14%
Jan
2%
500
1%
Jan
2%
Jan
41%
Jan
23 %
,:.0; so
23%
Jan
24%
Jan
20
74%
Jan
78
Jan
%
Jan
14%
5
14%
2
1
common
2
*
•
Ooldfield Consolidated Mines
Goodman Mfg Co
78
78
,
78
1°6
1®G
%
4,800
4%
43/4
"4%
100
1
50
10
'
Jan
5%
Jan
stock
Jan
9%
Jan
11%
;
7%
100
5%
Jan
8
1%
1st preferred
Great Northern Paper
Grocery Stores Products
139
100
38%
25
8
common—25c
States
Utilities 14.40 pfd
Oypsum Lime ft Alabastlne
200
7%.
Jan
8%
150
Jan
110%
Jan
139
Jan
140%
Jan
38%
300
8%
8
,
109
90
140%
38%
200
8
36%
102%
38% Jan
Jan
220
Jan
104% 105
104%
100
Jan
...
8%
•105
Jan
.Jan
-
•
Lamp Co
Bridge Co Ltd
...
Hamilton
com
i%
.i
48
!
,
Corp
48
common
—
Service
8 %
IIIH2
I
w
25%
Jan
7%
Jan
16%
17 5/8
Jan
Jan.
w
63/4
x50 %
Jan
48
90
Is
8
12 %
~9%
69
Jan
Corp
Y-'
21%
Jan
24 %
Jan
83/4
8%
9%
800
83/4
Jan
9%
Jan
A
9,300
Jan
i
Jan
80%
Jan
Jan
71%
Jan
-1
%
17%
Jan
20%
Jan
14
300
13
Jan
14%
Jan
,>Jan
12%
13%
200
10% Jan
13% Jan
19%
17%
■
14
«--•
14,800
'
■
Co
10
12%
12%
13%
1
lo
8
8%
800
•
19
19%
500
6%
l
1%
•
5%
Jan
Menasco
8%
Jan
Merrltt
2:12%
Jan
8
Jan
Jan
;
200
1%
15%
17
3,800
1,000
"
_•
Co
ft
100
6%
1%
3
1
Jan
-75
6%
Jan
11%
.
Jan
8%
Jan
v.
12 3/8
Jan
Jan
.10
~9_3/4
70
80
100
~9%
Jan
93
300
Jan
95
Jan
69
Jan
70
Jan
6%
Jan
6%
Mfg Co
Chapman ft Scott Corp—
31
-
31
31
15%
15
8%
473/4
8%%
A preferred
Mesabi Iron Co
25
/
200
9
15%
3,100
v;
>■■■
1%
1%
1,500
■
Inc
.
Co
100
3%
Jan
100
28%
Jan
31
Jan
17%
Jan
"<•.
Jan
10
Jan
44
30%
50
Jan
10%
•,y
Jan
3%
Jan
Jan
45
Jan
144
Jan
Jan
Jan
108
Jan
v
Jan
8
t
20%
200
20 %
Jan
21
Jan
7,400
73%
Jan
79%
Jan
Mid-West
Jan
3%
Jan
Midwest
Midvale
Co
common
Jan
Midwest Piping ft Supply common
43/4
Jan
6-
Jan
Mid-West
2%
Jan
3%
Jan
Miller
Jan
22%
Jan
Jan
22%
rH 00
17%
225
Jan
600
18
'
20
2%
22
16%
Jan
43
-
2%
/•;'v:-18«
••
Jan
Jan
9%
9%
500
9
Jan
4%
Jan
10%
Co
4% Jan
15%
16-
10,900
15%
Jan
16%
Jan
•
15%
15%
15%
200
15%
Jan
16 %
Jan
__fl
11%
11%
12%
2,600
10%
Jan
12%
£i
10%
10%
100
10%
Jan
10%
Jan
& Light 4% pfd—100
Insurance Co of North America
10
92%
92%
20
88%
Jan
92%
Jan
108%
1,750
104%
Jan
108%
Jan
11%
800
10%
Jan
11%
Jan
•
50
108%
10%
52%
52%
500
53
Registered shares
International Products
International Safety Razor B
International Utilities common
Investors Royalty
9%
9%
*
10%
10%
Jan
10
1
9%
300
200
10%
•
23,100
10%
10
1
53
Jan
10%
Jan
11%
9%
Jan
10%
Jan
Jan
14
Jan
16%
Jan
500
3%
Jan
' 300
%
Jan
3,900
1%
1%
1%
700
~3%
%••
~4'%
1
♦
Mining Corp of Canada
Corp
pfd
cum
Montgomery Ward ft Co class A
Moody Investors partlc pfd
Morris Plan Corp of America
Mountain Producers
Mountain States Power commonMountain States Tel & Tel
Mt
3%
Jan
Jan
6 %
Jan
Muter
Company
Jan
5%
Jan
Jan
4%
Jan
Jan
20%
Jan
Hess
see
page 37.
Jan
8
1,100-
7
Jan
8
Jan
Jan
7%
Jan
Jan
22,900
6%
Jan
Jan
9%
126
9%
8
10%
3%
4
Jan
Jan
Jan
8%
Jan
105/B
.National Rubber
(Herman)
4% %
Park
Y
&
250
263/4
Jan
29%
Jan
N
Y
163/4
Jan
N
Y
Shipbuilding
1,200
103/s
Jan
1,300
1%
Jan
313/4
Jan
32%
Jan
11%
11%
100
19%
19%
75
6%
7%
600
1,900
9%
Jan
10%
93%
^
•
'v. •
50
Jan
93%
25
Jan
25
Jan
Jan
Jan
•
Jan
6%
7%
900
.6%
Jan
7%
2%
~2%
89%
23/4
1,800
2%
Jan
2% Jan
1
•
89%
2%
175
89% Jan
25
100
25/b
„
25
89%
100
100
99
200
173
176
150
37
37
50
•
10
•
90%
Jan
2%
100
Jan
Jan
Jan
23/4
Jan
Jan
Jan
168
35%
176
Jan
Jan
'37%
Jan
1x3% Jan
lOo
133/a
33
3%
Jan
Jan
14%
Jan
31%
Jan
77
Jan
20
13
31%
13
250
13
31%
102%
50
2,000
Jan
IO33/4
Jan
21%
Jan
223/4
Jan
26%
340
25
Jan
27V4
10%
10%
100
10
Jan
10 %
Jan
133/4
300
11%
Jan
133/4
Jan
12
12%
1,800
10 %
Jan
12%
Jan
12%
Jan
13
103
100
21%
103
21%
2.50
,
21%
rj:
Jan
Jan
12%
Jan
1%
Jan
Jan
12%
5%
200
5%
5
Jan
5%
Jan
1
2%
3%
2,300
2%
Jan
3%
Jan
32%
320
31%
Jan
34
Jan
12%
12%
5%
33
200
9%
5,200
33
Jan
34
Jan
8%
Jan
.'■9%
Jan
10%
87/s
10%
10
Jan
11%
Jan
1,200
Jan
10%
10
Jan
8%
8%
800
8%
Jan
9
Jan
7%
300
7%
Jan
8
Jan
3%
33/8
200
"3%
Jart
3%
Jan
3%
4%
30,400
3%
Jan
4%
Jan
8%
3%
Jan
83A
Jan
5
Auction
Co
Founders
6
•
843/4
6
65%
1%
Rosario_
75
•
8%
10
283/4
28%
i
17%
1
100
25
.7%
Jan
1%
Jan
Jan
67
8%
Jan
1%
Jan
Jan
75
Jan
7%
Jan
Jan
Jan
75
29
200
8%
Jan
8%
Jan
350
8%
28%
Jan
29%
Jan
Jan
11%
Jan
16%
Jan
100
100
93
94
130
92 5/a
5%
1st preferred
2d
19
Jan
20
Jan
Niagara Share Corp class B com
5
*
8%
Corp new com
173/8
'
Jan
Jan
8%
Jan
Jan
7%
95
5%
Niles-Bement-Pond
100
100
Class
preferred
optional warrants
17%
37,800
Jan
Nineteen Hundred
1,500
1%
23/8
Jan
Jan
8%
Jan
Jan
7%
1%
6
65%
97%
11%
12%
300
1,300
8%
10
Jan
700
2
96%
1
Jan
Jan
Jan
Jan
11
8%
Jan
7%
Jan
87 %
66 %
75
•
10%
Jan
6%
Jan
15%
Corp—
shares
6%
Jan
81
400
10
Niagara Hudson Power common
B
Jan
6
480
6%
6
65%
7%
1
87%
16%
100
15%
6
843/4
1%
1
1
common
Honduras
15%
5
100
Co
,
Jan
25
10
.
Jan
21
7%
Merchandise
11%
Jan
Jan
32%
8%
common
N
1%
4%
19%
32%
common-
Mining Co
Jan
10%
Jan
Jan
Jan
7s/8
•
common
4%
1%
16
14%
19%
25
New England Tel & Tel—;
New Haven Clock & Watch
Jan
10%
Jan
250
1,100
•
common
Corp
3%
3
Jan
23/4
common
8,500
Jan
24%
21%
National Union Radio
Y
Jan
Jan
National Steel Car Ltd
National Transit
N
2%
50
Jan
Machinery
Jan
15%
Jan
23%
2% 'Jan
Jan
National Radiator Co
103%
500
233/4
16
1
& Stores common
Jan
900
10%
Jan
New
Jan
93/4
2%
Jari
Jan
7%
Jan
7%
16%
2%
23/8
Jan
350
23/8
13,300
7% 'Jan
20%
20
400
15%
23/8
v''
350
25
Jan
2%
65/8
1
Jan
13
15%
9,300
300
convertible preferred
12%
283/a
7%
4,200
New Jersey Zinc
New Mexico & Arizona Land
Jan
Jan
28%
5,800
6%
1
12%
Co
6%
10
common
103%
6%
Jan
20%
lot
common
New Process Co
Stores
Jan
6
Jan
13%
Nestle Le Mur Co class A
7%
12%
i
Jan
Jan
N
Inc
Neptune Meter
7%
Co
47
Jan
73/8
.1
common
National Pressure Cooker
Jan
100
Kleinert (IB) Rubber
Knott Corp common
45
25
Vernon-Woodborry Mills
Murray Ohio Mfg Co
Muskegon Piston Ring
Muskogee Co common
Breweries common
12%
Klrkland Lake G M Go Ltd
Klein (D Emil) Co common
Jan
43/4
25/a
105
National
5%
125
3%
Jan
4%
Jan
7%
1
4.80% cum pfd series B
Monroe Loan Society com class A
Jan
3%
—I
Kings County Lighting'com (new)—
4%
cum pfd (new)
King Seeley Corp
Kingston Products
Klrby Petroleum
109%
Jan
Monongahela Power Co—
1 %
300
.100
preferred
Jan
33/4
<1,300
19%
2%
1
common
Bellas
400
-6%
9%
Jan
2
6%
10%
National
4%
—I
6
1 %
243/4
Jan
K
pfd
Jan
93/a
9%
Nelson
Kennedy's Inc
Key Co common
Kldde (Walter) ft Co
Kimberly-Clark Corp—
■■
Jan
53/4
243/4
4%
4%
7
Jan
l3/4
Jan
—
Nachman Corp
3%
20
1
}
Jan
—
Namm's
6 %
•
Kalser-Prazer Corp
Kansas Gas & Electrlo 1%
Kawneer Co
|
Jan
Jan
•
Jan
3%
1
Kokenge Co
*
Jan
1
Minnesota Power & Light 5% pfd—100
Public Service common
*
Jan
1%
17
6
•
Julian
Jan
9%
15%
2%
National Mfg
3%
32%
Jan
Jan
3%
•
National Mallinson Fabrics
1
Jan
8%
15
50
7% preferred
National Fuel Gas
1
31
5%
7%
15%
Jan
•1%
13%
•
-
I
Jan
13
13%
Jim Brown Stores common
Preference
Jan
900
600
/
19%
1
v
Jeannette Glass Co common
Jefferson Lake Sulphur Co
36%
300
233/4
Jan
13%
i
Jan
Jan
1
••
cl A
11
II Jan
1
Fireman Mfg v t c new
Irving Air Chute
Jan
600
5
Iron
com
47
Jan
•
International Petroleum coupon shs__•
.Italian Superpower Corp
106
11%
(
50c
common
convertible preferred
4.40 %
International Cigar Machinery
International Hydro-Electric—
;, Preferred $3.50 series
International Metal Industries A—
1
Jan
10%
10
Refineries
Wohl
4%%
Jan
15%
A Ireland
Jan
1%
9
50c
Co
50
43
Indianapolis Pwr
Jan
1%
17%
2%
2%
•
Abrasive
Oil
1,400
£1
Registered
2
6%
Jan
Jan
7%
•
3>/8
•
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
10
•
"5%
22%.
coupon
Jan
1%
7%
5
pfd
2%
•
6%
15
1
5
~5%
*
common
■
5%
U
1
3 %
200
c
dividend shares
non-cum
73% .78%
3/8
v
c
Midland Oil Corp $1 conv
Steel Products—
20%
B
♦
Jan
Midland
74
2
t
Ex-distribution
Jan
31%
30%
Class B
3%
i
;
Jan
3
7%
6%
1
Middle States Petroleum class A
■..1
26 %
"3%
/
9
1%
10
Distribution-onu
31
43%
141
warrants
Jan
19%
Jan
Middle West Corp—
Jan
47
5%
9
•
preferred
;
Mlcromatic Hone Corp
3,300
30%
•
83/4
Jan
6%
1
2.50
common
3%
47
15
,
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar
1,800
2 Be
Jan
10%
e
5
Jan
3
3%
4%
1
Corp common
Participating preferred
150
•
common
8
18 %
109
100
Metal Textile
47%
30
•
Jan
5%
1
Warrants
Jan
Jan
38
Jan
35%
10
•
Johnson
3
3 ■;
—1
Mead
: Jan
Jan
14
II
McWllllams Dredging
4%
Jan
8
12%
38
•
Jan
11
300
•
Jan
.
,6%
3%
•
%
8
17%
•
a
new common
10
3%
Jan
Jan
2%
*
footnotes
4,400
68
common
47%
10
1
Imperial Chemical Industries—
Amer dep rets
registered
For
247/a
78
2
107%
Imperial Oil (Canada)
Brewing
23%
"
Monogram Pictures
Krueger
23%
325
Jan
Molybdenum
Wo hacker
Jan
24 %
400
Missouri
* u, #,
24%
Jan
80 %
common
16
a
Hydro-Electric Securities
Hygrade Food Products
,
Jan
22%
71
Jan
500
V~
9%
,
•' i.
M
1st conv preferred
&
23%
200
69%
$2.50 preferred
McKee (AG) & Co class B
'
934
common
Co
25
24%
79%
2%
1,500
9
6 %
ft
Zinc
Jan
24%
22%
%
1%
4,300
12%
-8%
••
100
Refining
Mfg Co—
Hussman Refrigerator
$2.25 pfd
Illinois
26%
24%
70%
100
8%
ft
stock
500
80
'/
—i
common
(Harvey)
Oil
7%
_
Shovel
Mfg Co
McCord
•
Humble
?
Jan
7%
"7%
—
_
j
6% convertible preferred
McClanahan Oil Co common
Jan
Jan
preferred
Common
12%
Jan
100
11%
100
Inc
Huyler's
Jan
25%
common
Power
6%
1%
11%
7%
5
ft Co class A
Lock
Jan
113/4
1
(The B) Co
Mapes Consolidated Mfg Co—
Marconi International Marine
73/4
1
Hubbell
Hurd
21%
3,100
Manlschewlti
Jan
-
2%
1%
11%
•
oommon_
Hormel (Geo A) ft Co common
Horn ft Hardart
Baking Co
Horn ft Hardart common
S %
Jan
800
12%
'
Bollinger Consolidated G
Holly Stores Ino
Holophane Co common
Border's
Jan
22%
—16
6%
Hoe (R)
:
Jan
12%
.
Mangel Stores
Jan
.j
•
w
j
M
7%
.
2%
.12%
w
13
26% Jan
Macklntosh-Hemphlll Co
6 %
i j .:.
;
com—1
Inc
A
preferred
10% .Jan
1*6 Jan
Jan
22%
.
Maine Public
400
:
17%
48
,
j
.
•
Mining Co
Henry Holt ft Co
Jan
213/4
...
_
Lynch
1,000
7%
17
V
1
-
6%% preferred
Jan
Tfl
10 %
12%
•
Chain
Louisiana Land ft Exploration
Louisiana Power ft Light $6 pfd
600
6%
73/8
3/J
17
1
Heller Co common
,
7
i•
-25
Rayon commonHarvard Brewing Co
Hat Corp of America
B non-vot
Olaas
93/4
4,100
1,600
■
213/4
•
Common ctfs of dep
7% preferred A ctfs of dep
6% preferred B ctfs of dep
McAleer
6%
-B
5
Electric Light—
Helena Rubinstein
100
A
b
Communication Co Ltd
•
Hartford
Hecla
Jan
6%
Jan
•
Jan
22
|
Jan
H
Gorp_
Hears Dept Stores
63/4
Jan
6%
Jan
Jan
21
22 3/4
Longlnes-Wittnauer Watch Co
Long Island Lighting Co-
Marlon
Hathaway Bakeries
'
i
93/4
13
11%
Groceterias class A.
Massey Harris
H axel tine
8%
Jan
Jan
8
109% 110%
109 %
•
{
new
;
Jan
Jan
59%
400
Great Atlantic & Pacific Tea—
Hartiord
Jan
Jan
Jan
200
.■■■■
9%
6%
1
is Jan
53
Jan
62 %
60
9 %
5
43/4
6%
59%
_9%
pfd__25
conv
Grand Rapids Varnish
Oray Mfg Co
Hammermill Paper
"93/4
11%
SI
Lone Star Gas Co. (Texas)
Jan
43
Jan
53
'
'
•
Granam-Paige Motors 5%
%
23
•
Gorham Inc class A
Gorbam Mfg common--
common
53/8
10%
5%
1,000
100
""%
i
•
Jan
Jan
7%
4,100
%
22
•
I
Class B
i
B
Non-voting
6
6%
Jan
13%
Jan
5
•
SB
Lit Brothers common
1
$4.50 prior preferred-
Hall
common
Corp common
Lipton (Thos J) Inc 6% preferred
•
Inc
(Adolf) Inc
High
83/4
2,300
8 3/8-
73/4
22
12%
300
10%
I
Lionel
2.50
Godchaux Sugars class A
Gulf
Realty
100
13
9%
■
Leonard OB Development
Le Tourne&u (RG) Inc
1,200
10
Range Since Jan. 1
Low
x5
10%
I
~
Globe-Union
Class
8%
13
X5
1
Line Material Co
18
9%
Shares
High
25
Gleaner Harvester Corp
Glen Alden Coal
Glenmore Distilleries class B
Gobel
Jan
t
Gilbert (A C)
Gilchrist Co
Gladding McBean
I
95
75
•
common
Lake Shore Mines Ltd
3%
40
115
Jan
102
1,800
115
•
10
Jan
6%
33%
300
8%
Laclede-Christy Company
L'Aiglon Apparel Inc
■
Jan
7%
50
'
3%
3
■
General Public Service
Low
5% .Jan
100
102
3%
FK
tor Week
Jan
1,100
35%
Isift
of Prices
3% Jan
3%
General Electric Co Ltd—
Amer dep rets ord reg
LGeneral Finance Corp common
6% preferred series A
General Fireprooflng common
Last
Sale Price
High
300
35/8rf„
Week's
STOCKS—
New York Curb Exchange
Range Since Jan. 1
Shares
,
22%
Corp com—1
25
preferred
conv
Par
£8
for Week
of Prices
J
'
JANUARY
Sales
Range
Sale Price
%
"
General
Week's
Friday
EXCHANGE
ENDED
97%
Jan
Jan
94
Jan
%
5
8%
%
3,000
%
Jan
%
Jan
9%
93/a
7,100
9%
Jan
9%
Jan
8%
8%
2,500
73/4
Jan
9%
Jan
10%
300
10
10
Jan
r
11
Jan
'
36
(520)
COMMERCIAL
THE
NEW
YORK
RANGE
Wwk'i
Friday
STOCKS—
New York Curb
••
'
Norm
Mines
Ainer
Range
of Prices
Par
'
'•
,
Nlplssing
Low
„5
Light St
Power
common —1
Friday
Low
%
100
Nortn
American
Class B
North
Rayon
American
Nortn
Central
Normeast
North
class
A..._
Utility
Texas
New York Curb
Jan
7%
2
RR
States
A_
■'
36%
100
1%
•V 1%
'
A" 14%
j—'
„1
Co
:
Jan
Scovill
Scuihn
Steel
2%
2%
37%
Jan
Securities
37
102
35%
Jan
Seeman
Jan
Segal Lock & Hardware,—,
Jan
Seioy ' Shoe
Selected
Jan
2%
Jan
Jan
102%
Jan
Power
(Minn)
$5.50
8%
Jan
9
Jan
Allotment
1,600
9
Jan
11%
Jan
Bemler
600
_*
9
8%
9
ZZi
A
9
9
9%
*
;
15
15%
—
.
15
Jan
15%
Jan
Sentinel
%
Industries
*
Inc
Onio
Corp
Brass
common
Co
Ohio Power
Oklahoma
Oiu
class
4%%
B
2%
•
39
is
39%
-IZIZZZ.l
Distillery
2,500
8%
class B
Jan
75
112
214
3514
Jan
39
10714
Jan
112
B)
(R
39% x39%
Jan
40
8%
37
2,800
814
Radio
Corp
O'okiep Copper Co Ltd Amer
Overseas Securities
Jan
9
14
/sharesIII.
20%
i
21 Va
700
714
2014
300
'•'*77
■7s
7
22%
8'A
8%
34%
34%
35%
1,500
34
31%
317/a
32%
800
31
Jan
Lighting
$5
Pacific
Power St
Light 5%
Public
$1.30
1st
preferred
Service
Pen
Patican
24'/a
314
Pinchin
7%
;
Ltd
Pressed
Lambert
4% %
i
$0
preferred
Canada
of
214
200
1%
Jan
2'%
100%
Jan
105%
4%
Jan
5
3,250
36%
36%
37
3914
3
5514
Co
55 Va
56
Jan
1,050
•
41 %
50%
3%
Jan
Line
Stanuaia
..IZZZZZZZ*
11%
Jan
Jan
8%
7%
8%
1,400
7
Jan
8%
Jan
2414
2414
24V4
200
22
Jan
24%
Jan
preferred
3 Va
Jan
2%
Jan
'11 VA
68
66%
23
25%
4%
5%
68
Jan
Jan
25%
Jan
1,200
814
814
4%
Jan
:*-/i-14%
vwy
Jan
11%
Jan
5%
814
1,700
7%
Jan
8%
13%
25
13%
Jan
13%
70
94
Jan
95 Va
36 Va
36%
36 %
814
8%
8%
1014
1114
1,200
1%
1%
5,100
10c
34
300
Jan
7%
"1V2
Jan
11 %
Jan
1%
8%
9%
Jan
10%
Colorado—
preferred
100
Light
100
99% 100
:
400
95%
Jan
97
»
350
94'4
Jan
19
19
'
11%
11%
1114
100
5%
5%
300
V
comZZZZZ*
common
...3
Z
100
Jail
ZZZZlO
Quaker
'
90 Va
•20 '
600
"19
97%
■4
5
72
warrant*.
Hallway St Light Securities—
Voting common
Railway St Utility Investment A__
Rath Packing Co
common..
;
Raymond Concrete Pile common
?.
9014
•9214
100
170
Roller
Regal
Reis
Z.l
Jan
"'92%
Shoe
(S)
148%
Grande
Jan
xl4%
Tilo
Rome
Jan
ii
17
13
"53%
Jan
6%
Jan
5%
Jan
2214
200
20%
Jan
3%
314
700
3%
t>3%
1,000
1%
17%
5%
Jan
•
2514
25%
100
23%
Jan
100
2%
Jan
2
2%
90 i
24
i
.
Inc
Corp
1%
.8
—
25
83V
•
:
•
10
32%
BHuilte
(D
A'
1 %
Jan
1%
Jan
1%
Jan
1%
Jan
40
112%
Jan
7
Jan
7%
Jan
29
2,100
1%
118
7%
122
7%
6
3%
1,100
3 V»
300
2%
Jan
3%
Jan
—
2%
2%
100
2
Jan
2%
Jan
1,000
2%
Jan
3 %
Jail
__
70 Va
71
370
67%
Jan
71
Jan
23%
24Va
150
23%
Jan
24
Vi .Jan
14Va
14%
400
14
Jan
15'-,.
2%
14Va
3.
6 V .'
200
5%
Jan
6%' Jan
1
l Va
1,000
%
Jan
lVa
4%
4%
1,300
4 ' '
Jan
11 Va
11%
300
11 Va
Jan
lil
1
Jan
10%
Jan
11%
Jan
4%
•
;
_.
4%, Jan
1
13 Va
400
10'/a
Jan
13 Va
Jan
34 %
33 Va
34 %
1,000
33 Va
Jan
35
Jan
5%
—
5%
400
5'A
Jan
14%
Jan
2%
Jail
r
15 Va
15
2%
! 200
15 Va
2%
3
700.
*■
15
—
;
'•A'-.o-'Xi
5%
7'A
200
&
Light
new
7%
Realty
12
pfd
.5
common—...
ui;'V
1
■
5
■w—"'
13%
Hi. 'm
A-
■
10%
12 Va
53
53
27%
Jan
Jan
12%
Jan
;
Jan
Jan
121
17,72
Jan
^
Jan
"13%
121
17
11
2,200
12%
Jan"
Jan
10%
Zv'-Z/Z
'
10%
12'/a
11%
Z*''
c
IVa
Jan
10%
Jan
400
12%
Jan
13%
Jan
Jan
53%
Jan
5%
Jan
%
Jan
H
Jan
180
Ji; 52
I"
..£1
,
.20
58
.70c
2
v
"58
t
55%- Jan
•150
2%
"is
' 3%
3%
■1,400
2 Va- '2%,
'5,200
;
.
24
——
:zzi
"6%
/
%
24%
6%
700.
Jan
:.%
10%
■
Jan
.
^
2'A
,98
24
6V»
Jap
9%
Jan ■!
,
24%
Jan-
Jan "
Jan
.
Jan
1
J
Jan /
«
24%, Jan;
7% Jan
11%
V"- 5
I
Jan
U
Jan
'■
Realization
Jan
T
Ulen
\
Unexcelled
of
1
10c
Corp.————-8
Chemical
Canada.
200
1
500
2%
Jan
3,400
7%
Jan
-6'A " 6%
100
6'A
Jan
27
Jan
97%
200
92%
Jan
97%
Jan-
54%
54%
100
54%
Jan
57
Jan
"2%
'
Va
8
■;
96%
2%
——*
lVa
2%
8%
Corp.—
7%'
i%- Jan
,,i Jan V
3%
Jani
8%
Jan
6 'A
Jan
Union Oil Co of California—
J-'n
V
•
*;
r
•
i
?
•
pfd series A
9% Jail
Jan
United
United
Chemicals common.Corp warrants.
Elastic
__
,
3'A
50c
United Aircraft Products com
4'/a
96%
TOO
Stock Yards of Omaha..
33%, Jaji
Jan
_V:
•
3%
'"'1 39
39
—
3%
3 %
2,200
/
39
-
100
Jan
Jan
39
.
3%
Jan
Jan
39
'
;
%
%
....
•
i7,1
A
7,000
Jan
Jan
Va
J-iii
7%
Jan
United
28%
28%
28
Jan
29'A
Jan
19%
1,225
*
Jan*
2%
Jain
200
-
4%
,
,".100
v:
:•/
,.',3% JaiV
2 'A, Jan,
50
6%
10%
a
Jan '•
1,300
>""%
3%
2%
preferred
60
•1%
91%
,■
100
—
Jan;,-,'
'<
'
-8*
Corp common
Royalty Corp
pfd__
<r
Jaiu
500 1
■
V
A;
Jan
5%
•
regis
Jan
:
Jan
24%
Jan
United Gas Corp common
Z10
20
20
20%
1,500
19%
Jan
21
Jan
,i-7
22%
21%
22 »/a
8,400
21%
Jan
23
Jan
Corp—;—
—
•
•
50
"
6
6.
500
5%
Jan
6%
Jail
5%
700
5%
Jan
5%
Jan
4%
Jan
4%
Jan
4%
■
47:,
300
■United
3
CO
37a
1%
,
:
7%
Jan
8V2
Jan
1,100
18%
Jan
19%
Jail
25,300
£
8%
1,000
1%
2%
l3i
Jan
1%-Jan
:
•
338 j' 3%
,-1%
1,600
8
19%
t—f r-4.
-J50
2%
'
?
18%
i
-I
.v
•-
900
r3,100
10%
rets ord
3V«
'
.
Jan
1%
Jan •»
Jan
Jan
37/a. Jan
•
1%
I
Jau
Preferred
United
Machinery
.
..
-
■*'
•;
10%
.
-
Jan
10%
Jan
20
' ''
Jan
20'A
Jan
4%
Jan
1
Jan
4'AJa
100
i
1.
.
.
u
700
Jan
%
Jan
5,275
1.
"ii
7%
25c
47%
Jan
52 Va
Jan
37%. Jan
40'A
Jan
—10
common.—25
—2.5
common
48% -52
50--
39 %
•
.39 V2
i.
k
39 %
,210
1%
2,500
1,700
2,500
.
and .International Securities
preferred with warrants..—*
*&. v«!t
Jai
7
8Va
Jan
8%
/ZZ*
;
,
irl'A>
14%
3Va
...
14V«
,
j
•_
3Vat
14%
Jan
1%
Jan
Jan
14%
3Va
76 1-76% '
!
200
*
Jan
1%
14 Va
1
JOc
1
,U S
••
■
•U S Air Conditioning Cot;p—
•U S Foil Co class B.__—
;
-
Specialities
'
^
-
regis
United Profit, Sharing com..
10% preferred—u—
Shoe
r'
'
%
—'
.
Amer dep
United
Jan
2%
2%
„•
Jan
^~w,*Z:'
common—
United Molasses Co Ltd—
»
v
7% ;
»
-
Products
.United NJ Rflf & Canal
:
1
.1
Milk
Preferred
-
11
X
Light & Railways
,,
Jan
3%
Jan
Jan
76%
Jan
•Ah'U'
;
Jan
3
75
•c
Por footnotes see page 37.
i*-
/'■-
' '
26
::
900"
13%
10%
1
Stocks
Inc.
100
1,000 /
z.
*'"■
i
1
dep rets def
:■'»
11%
27%
11%
11%
0
Construction-
&
Allied
&
11%
•
common
Union Investment Co.._————4
Jan
7
Jan
7,10%, J4u
£• -i'
26
•
Jan
j.
■
|Jan
15 Va
r; 3 ; :.'Jan
.v
;
I
""Dl'A
8%
30'A
Jan
12 Va
J
convertible
$0c
Union
A
Jan
12%
Jail
2%
Jan
100
Jan
—
•
25c
•
1
Union Gas
24
500
Jan
6
__
25%. Jan
van
3,900
Jan
7%
Jail
1%
5 Va
r
5%
—25c
—1
122 •
7%-'
1
Jan
89
4%
Jan
3 Va
--3
1
•
-
13 lii
t-
Jan
1 Va
100
1%
9%
**
...49
Inc. common;
30'A
3,000
1%
..
1
2 Va
150
33%
,
24%
7%
Bayre St Fisher Brick Co.,
Jan
Jan
30
—
1
*
10%
500
1%
com—1
;
Jan
10
1
Inc
17
29%
30
1
new
Jan
United
J
common.. —1
...
1,400
Jan
Jan
—
8%
4 Va
31 %
24%
common
2Vs
9%
Corp-...——-.-1
Jan
650
>
-r-
-
5
(Del)
Jail
9%
"
800
;9114
24
—-
S
United
3Va
1
Tung-Sol Lamp Works com
$3.75
...£1
-
Oil
Jan
*
Ltd—
Amer dep rets ord regis..
Trunz
*
•'
Bait Dome Oil Co.
2%
3
17
_.i
Jan
.
21%
•"
.
Samson
Jan
3
20
4%
1
•**
illZi
Bavoy
Jan
20 Va
.
Jan
23
Jan
300
'
Jan
v'^Jan.
•:2% 'Jan
Jan
__1
Jail
7%
f
Jan
1%
2014
214 ,314
Jan
39
'
1%
Z.Zl
Corp Ltd
preferred
Jan
-
Jan
19%
Trans Lux Corp—
;Tri-Continentai warrants—.;
Jan
20 %
•
conv
2%
25,%
Jan
35
150
;Tonopah Mining of Nevada.;
'Jan
37%
'Jan
22%
Ltd..
Lawrence
700
Jan
6%
Jan
Jan
Jan
19 %
Corporation common
Toklan
Jan
26
35
100
1
1st
2%
2%
•
Toledo Edison 4V»%
-
Jan
24% -Jan
*6,300
llZ25
St
2'%
24%
.
20
Todd Shipyard
Jail
100
5%
1%
Inc
Co
1,600
Jan
Jan
Roofing Inc.—
Tobacco
Jan
100
7%
1
Oil
-
35
614
~3%
—
Royalite
500
11!
25%
;
-51a
Valley Gas Co—
Field
Yi
Jan
5%
1
Cgble Corp common!...
Roosevelt
'
18
35
15%
.3
Engineering..
dep rets for ord reg_.
600
36%
28%
29 Vi
29%
Jan
28%
6'A
1
Corp
Inc
Powei
Tisliman
'
Jan,
*6%
A
6.23
'Texas Corp) v t c
'
1
Rochester Gas & Elec 4% pfd F....100
Roeser & Pendleton Inc common
•
Rolls Royce Ltd—
Amer
%
310
1614
25%
35
Z—1
ZZZ
Co
25%
36
■■
Thor
Jan
'
IZZZZ*
Rice Stix Dry Goods
Richmond Radiator
Rio
li
•
ZZZZZZZZZ
St
25%
35
x28%
..
%
& Co common
.
Amer
1514
••
Co
(Robert)
800
'
Jan
-Jan
85%
145
13.300
_10
Bit Co..
Reliance Electric St
1,300
1,800
28%
8%
Taggart Corp common
Tampa Electric Co common
Jail
on
i
%
15:%
10
.
Reeu
28%
29'%
28%
Jan
Jan
•112Va Jail;
Jan
R
Preferred
28 Va
29
,28'%
25%
1
—10
Tobacco Security Trust Co
$3 jconvertibie
Jan
Jan
41
Jail
21%
Jan
11% Jan
,
xl4%
Manufacturing common:
Reading. Tube Corp class A—
28
28 Va
29
Z
J
9714
146 % 148%
.100
Quebec Power Co
Raytheon
Jan
Jan
Co...,
Co common
Thew Shovel Co
•?
37
40
Jan
Swan Finch Oil Corp
Texas
Aadlo-Kelth-Orpheum option
41
Jan
Corp
(Hugo)
Technicolor
Oats common.
8%-' -preferred
-!
t-.;,
•
Manufacturing
Jan
V?
13
%
Corp
Sun Ray Drug common
Superior Portland Cement, Inc
Superior Tool & Die Co
Jan
36
6%
Sunbeam
Jan
Jan
Jan
Jan
4%
•
Brewers
Stroock
Jan
31%
2,900
100
Stop & Shop Inc
Jan
1%
•
*
41
—
•
Stinnes
Jan
34
1,800
& Co common
Stetson (J B)
Jan
8%
8%
ZZZl
"10%
38
Jan
31%
7%
§Sterling Engine Co
Sterling Inc
Jan
Jan
16%
•
bterling
Jan
95 %
32
20
:
Sterling Aluminum Prods
Jan
13%
(The)
3 %
4%
B
Products
(A)
Jan
6%
Steel Co of Canada
Jan
3
800-
Stein
Jan
5%
3%
Jan
4%
tuumwii
Corp
preferred
Starrett
Jan
,
7
Standard Tube class B
Jan
95
3
Z
'"*
Jan
Jan
8
—
preferred
Standard-Thomson
Jan
3'A
i
preferred
class
Common
1 Va
Jan
Jan
•
Forgings
Standard
Jan
11%
•
_
11%
37
100
"5%
•
_
4%
Jan
Jan
20
790
6,200
11%
66%
.
in
_
ZZZZ
\300
68
25
common____2.50
common
Jan
37
i
"
11%
Jan
2
3 '/a
1,200
2.71
1
10
(Ky)___
Standard Power & Light com
$7
2%
Jan
7%
700
•
Co
convertible
$1.60
shares....
2,600
%
3
2,200
25
Standard Oil
2,500
Jan
3%
25
preterence
ureuging
500
214
10
10
preferred
Convertible
1114
"3
Jan
■
Edison—
preferred
Brewing
11=14
•2
Jan
8%
10
8
12.50
common
Pipe
Standard Cap & Seal common
Standard
i
25%
4,900
9%
1
Jan
\
Jan
3'/a
5
Jan
~
Jan
25%
7%
—1
common...
Royalty
3%
■A
93
31
7%
3%
cum
9%
•
Jan
25%
25%
3Va
4.32%
Jan
ZZ
Jan
9%
25
25
Jan
12
Jan
236%
__
25
3%
•
7%
Jan
1
conv
9%
America
&
Oil
100
12
Jan
225
1
California
Standard
Jan
7
560
1
4.56% conv preference
Jan
56
Co
Stahl-Meyer Inc
Jan
Jan
500
93
•
Co,
Spencer Shoe Corp—j
Jan
7V8
232 %
—
1
Southland
Jan
100
414
7
100
Paper Mills
Southern Pipe Line
Jan
250
414
common.._ZZZ.ZZ.2Z50
Power
Jan
Jan
230
230 %
£1
4.48%
Jan
4%
& Elec Co—
Penn
cum
Jan
Jan
4
7
100
Corp
4.88%
Jan
12%
_j
1
*
common
Manufacturing
original
Jan
20
Jan
106 %
300
•
Manufacturing common
5%
107
Jan
11%
50
12 %
Jan
20
12%
Publications—
preferred
(Howard)
Pa
Jan
•
preferred
South
Jan
2%
3
106Va 106Va
__
*
Pattern
Southern
106Va
•
Ltd
Coast Corp
,
7%
Jan
.
Jan
2,800
•
class A
common
Southwest
__
100
Breweries
4,200
preferred
Puget Sound Pulp & Timber
Pyle-Natlonal
28%
Jan
1%
Jan
2%
Jan
914
prior
Pyrene
Jan
7
Jan
11%
Jan
Jan
28
13'A
Jan
56 Va
,
50
Jan
Jan
Jan
1,100
Jan
13
500
Jan
53
Jan
8,000
%
1,500
314
Co
cumulative
Puget Sound
'
24%
4%
Jan
551/2
3y»
;
Producers Corp of Nevada
-
Jan
3%
,45
10314 10514
104
ioo
of
Service
23%
100
Jan
Jan
Jan
i"B
53
'914
Amer
Prosperity Co class B
Providence Gas
Public
3
13
3%
100
11%
13
__
25
common
South
Jan
214
•
2
ZZZZZZZZ25o
Inc
Metals
1,100
Jan
600
%
%
■
Jan
80Jan
„
4
3%
—
14%
~3%
common-
Alexander
Prentice-Hall
15%
Jan
3%
Jan
21
•
Mining Co
at
•
2.50
1st preferred
Pratt
Jan
5
Jan
ZZZ_50o
common
Johnson
&
Jan
15
7%
•114
2
•4
•
common.
Corp of Canada
6%
22%
'80
Jan
5,100
Jan
Jan
SSolar
,:"Jan
24% Jan
10
77
19%
19%
Boss
17
400
Jan
13 %
Solar Aircraft Co...
Jan
"11%
Jan
5
•
600
Sonotone
9'A Jan
Jan
1,800
700
3.90%
Jan
4
Jan
3
250
4Va
3% Jan
2%
17%
•73Vi
9,100
77
14%
Smun
"
2814
714
114
Z~100
pfd
Pleasant Valley Wine Co
Pneumatic Scale common
Power
Jan
17 "
250
'7
-
2414
2814
i
Pltney-Bowes Inc
AZZa-:
.ZZZZZZ2
Pittsburgh Bess & Lake Erie RR
50
Pittsburgh St Lake Erie
Z.50
Pittsburgh Metallurgical common
9
Polaris
3%
25
3%
2314
2 50
Pioneer Gold Mines Ltd
Jan
44%
(Mass)—ZZZZZZZ20
Piper Aircraft Corp
Powdrell
314
•
25
Philadelphia Co common
Phillips Packing Co
Governor
24%
3
19 Vt
76 %
Jan
21
8ioux City Gas
'
j
Rubber
Jan
Jan
22,400
17-
.
2414 -24'4
23
(The)
Perlect Circle Corp
Jan
16Va
'
15%
l
Light 4%%
Jan
Jan
'
23%
•
Traffic Co
Penn Water St Power Co
Pierce
40,500
9%
80
common
Penn
St
3%
17.
•
Tire
314
15
common
Pharis
200
*
314
I.
Mfg Co
24%
80
preferred-..
Pepperell
16
•
Pennroad Corp common.
I
Penn-Dixle Cement warrantsZZ—_
Pep Boys
100
24%
93/s
_ZZZ2
Penn Gas & Elec class A
Penn Power &
16 Va
2%
18
Jan
16'
14
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Jan
96 V2
Jan
Jan
20'%
Sick's
Jan
32%
;
Jan
15%
•
.1%
14
Silex Co
a an
104'A
/
Jan
94
"l
Ltd.-^L
cum
103%
914
>
g
$1 cumulative preferred
50
93%
16%
yi
Mills
Peninsular Telephone
8%
3o
100
16
Jan
17%
.
21
4%
•
"~~Z.
"
"7
Reel.ZZZZ
&
r
100'! V
96
16 Va
;
Corp
Plymouth
Co
$1.32
•
Co
Parkersburg Rig
Patchogue
103% 104%
96%
—100
•
;
Page-Hersey Tubes common.
Pancoastal Oil (CA> v t c
Pantapec Oil (CA) Amer sh
Parker
•
pfd
com
preferred
Paramount Motors
Jan
Jan
•
,
Pacific
Pacific
7%
Jan
IVt
1
Shoe Corp of America
7%' Jan
Jan
23
16%
2,600
3
Simplicity
lst~pfdZZZZZ_23
200
1%
•
Simpson's Ltd class B
600
1.
—
16%
lVr
2%
$3 convertible
g
16%
3
6immons-Boardman
Pacific Can Co common
Paciiic Gas St Elec
6%
•. 5% %
1st
preferred
1%
4%
1
1
common
Snerwin-Williams
Jan
Jan
Jan
Shawinigan Water & Power
Jan
Jan
20 Va
1%
9
Jan
Jan
14
100
2%
1
common
Sherwin-Williams of
1
1%
High
Sheller Mfg Co
Jan
•
Inc
Jan
1%
76 Va
1
Shattuck Denn Mining
Jan
600
19%
i
Inc
Leather
Jan
-
214
Jan
Jan
18
—25
Saiety
Jan
140
39
110
:
Gas
United Filters
Omar
2%
2%
28%
17Va
IV4
5
—;
certificates
Seton
100
common
preferred
Natural
Poindexcer
Oliver
50c
27'A Jan
700
—
1
common.;
stock.J
Control
Serrick Corp class B___
Ogden
300
18%
__
1
stock..
prior
Sentry
O
28%
17%
16 *
Convertible
.
150
■
Northrop Aircraft Inc.'
Novadel-Agene Corp
*
Low
High
28
;
(So..—
2»/a
,
Inc
Bros
Range Since Jan. 1
Low
17%
1
Jan
Shares
of Prices
'
28
*
______
1%
Jan
Jan
101%
■'»,
'
common
15'/a
1%
14%
*'•
1..25
Corp General
8,400
Z
101% 102
Jan
200
1,400
2%
'<■'
pfd. 100
1
35
Co
Sales
for Week
Range
Sale Price
Manufacturing
Jan
Week'*
Last
Exchange
Par
Jan
8
200
't
14%
.50
2
Northern Indiana Pub Serv 5%
Northern
*
ZZB
300
36 Va
■■
Securities..
Oil—1-
Airlines
Penn
36% ••37
'
•
common
STOCKS—
.
High
%
—V!
'
JANUARY 28
Range Since Jan. 1
"
•
Monday, January 31, 1949
EXCHANGE
ENDED
<!
Shares
:
.2'
,
CURB
WEEK
for Week
High
%
FOR
CHRONICLE
FINANCIAL
Sales
Last
Sale Price
Exchange
&
<
r
t
I
COMMERCIAL
THE
Number 4773
Volume 169
YORK
NEW
FOR
RANGE
Week'a
Friday
|.««t
STOCKS—
Par
U
Radiator
S
U S
1
common
Rubber Reclaiming Co
United
Stoves
Corp
Consolidated
Universal
Insurance—
Universal Products Co
Utah-Idaho
534
5,700
'~2
39'/a
"2%
40 %
1,400
26
New York Curb
Jan
Jan
Lsarco
Jan
'A 7s
6
X2%
2%
•
Sugar
Utah Power & Light common
21%
21%
2%
Hydro-Electric
with Nov
A7s
Nov
ex
1
1940
1947
1
1953
Jan
Jan
Altalian Superpower 6s
Kansas Electric Power 3%s
1968
J-J
1966
J-D
Jan
26 1
Jan
Kansas Power
1969
J-J
Jan
McCord
1956
f-A
Jan
Midland
1968
A-O
2
21
V4
Jan
2%
V
22
Jan
coupon
Light 3%s
Corp deb 4 Vis
Valley RR—
Extended at 4%
to
Milwaukee Gas 81 Light
1967
1961
Venezuelan
6
1
Petroleum
63
6
70
Jan
534
600
1
8
70
10
4%
5%
1,200
474
Jan
5%
Jan
2%
2%
2%
400
2%
Jan
3
Jan
•
Vogt Manufacturing
—
~
—
12%
Jan
12
—
Park
Ltg
W
$2
1 %
'
Watch
T%
1%
1%
2%
27,200
lVi
4
4
4%
750
Westmoreland Inc
______
Weyenberg Shoe Mfg—
Willson
Wilson
6 %
(R
C)
2 Va
Products
Brothers
preferred
Winnipeg Elec
—25
25
25
35%
Jan;
Scullin
Va
1%
Jan
Southern
Jan
7%
Jan
3%s series A
Jan;!
1st &
114
;*
J;
150-1
Jan1
25
36:7'
Jan)
%:■
18
Southern
Counties
Jan)
1st mtge 3s
Southwestern Gas
Jan
21
Jan
15%
Jan
Bpalding
Jan
2%
Jan
A Star re tt
2%
—
''
200
Jan
18Vfl
Jan
8"%
500
8%
Jan
8%
Jan
6%
6 Vu
100
6 %
Jan
6V4
Jan
9%
934
25
9%
Jan
107
4%
1,600
4%
Jan
15
Jan
1,400
27 V 8
Jan
4%
"
4%
18
(A G)
collateral
Stinnes
Jan'
•
3rd
A. A
•
28%
28
29
100
100
10
10
13
13
Janv
29";
Jan'
.
Assoc Tel St Tel deb
—1953
5%s A
1955
Atlantic
City Electric 3V4s
Telephone of Canada—
Bell
5s series C
Bethlehem
Boston
Interest
7%
or
Jan!
Jan
United Electric Co of N J
Jan
14
Jan
United
Jan
~1U
7
A6%s ex Aug
1 1947
"2ft
Jan
Jan
No. 7
High
Low
.
101 J/4 101%
25
9€%
10
ex
Dec
1
A 5s
100%
income
1
108 Vi
Gas
100%
Lackawanna
of
N
J
93
"
92
93
51
89%
96 V4
105V4.
105
105 J'2
8
A-O
103%
103 Vi 10434
18
103%
106 V 4
106
12,.
106
J-J
J-D
104Vi 105
6
.1978
J-J
100
6
.1981
A-O
Jf-M
94%
.
87%"
106 V4
87 J%
88 V
88
7/
127
9612
88
93%
87%
88 Vi
1
86%
88
102%
External
104%. 105
99%
100
102 Vi 103
•tll2Vi
May
J-J
62
101
102%
20
103
debs
'47
47%
6
47
98
5
98
98
M-8
60%
63%
'
A7s
48%
A
100
116
116
1
116
Indianapolis Power & Lt 3%a
A 7s
,
C
series E
34
10
33
34
If-8
J-J
1968
1958
J-J
1970
M-N
52 %
-
—
+
coupon).,
52%
52%
102%
102'4
102 %
105%
59
■
escrow
36%
36%
20
100% 1003*
100%
100%
234 %
28%
28%
83
M-8
84
107%
J-D
~
35
82 Vi
15
107%
6'
84
'
107%
107 Vi
2118% 119V4
118%
118%
2100% 102
101
101
A-O
1960
J-D
—1950
•" F-A
>
Interest
Exchange
Period
Week'* Rang*
or Friday's
Last
Sale Price
-A-O
Sold
High
.
__
262
__
High
Low
262
J-J
:1
Jan. 1
No.
;
•
1
__
7
J-O
.
237 V4
38 Vi
M-N
F-A
272
76.
270
1952
7
—
J-J
...
—
72i /'«;%. A
-
7
•
—
.
38 Vi
37 Vi
—
.
./
1953
5s
Range Since
Bonds
Bid & Asked
.
-
75? 7 75
■'%_ ./A
1
6%
6%
■
i
-
G%
'•>
ly 6
7^6V4 7;6%
—
213
14
__
1334
13%
M-N
—
28
29
9
24 %
29
1951
J-D
40
__
37Va
38%
43
2Vis
7s
stamped
(issue of
1927)
Oct.
$37Vi
—
M-N
A-O
J-®
J-D
1947
1947
—1931
1972
242%
2-42%
228
63V2
—
—
/—
—
__
42Vi
64
10
61%
42%
n
__
,
64
105'A 105%
233%
33
33%
33
33
33%
31%
34
34
32
32%
65%
64
66
1
32%
233 Vi
34
9
232%
T-j
-1952
£
•
par
value,
2012
1919
J-D
M-8
J-J
(Plan A)
—
J-J
64
_6,2
62
»
"
/
*6,2
26',o
2,2
--
29
15#
.
16%
"
•
26^8
1-
J-f
2Ta
»o
-
2Vi
Deferred delivery transaction (not
(not included in year's range),
a
lo
4
-
Odd-lot
.
transaction
_4,2
1
2
2%
included in year's-range),
d Ex-IffteiCgt.
ABonds
being
traded flat.
Abbreviations used
"w i,"
when issued;
deposit; "cons," consolidated; "cum," cumula¬
"n-v," non-voting stock; "v tc," voting trust certificates;
"xw," without warrants.
•
•
*
above—"cod," certificates of
with warrants;
"w w,"
.
,
Stock and Bond Averages
t
;(/)
,r..I
.ill
Below
are
t
listed
on
the
daily closing averages of representative
the New York Stock Exchange as
stocks and bonds
Co.
compiled by Dow, Jones &
—Bonds-
-Stocks10
10
10
Indus¬
Grade
Grade
Util¬
40
Stocks
trials
Rails
Rails
ities
Bonds
Jan.
22_
24
25—__—j,_—
.
.
.
.
Jan.
26—
Jan.
27—^
Jan.
28-_i.___^w_j
.
.
Rail¬
Util¬
trials
Jan.
20
Indus¬
Jan.
1
Total
Second
65
First
30
Date—
roads
ities
53.95
35.00
103.55
100.13
53.58
35.00
65.91
101.64
104.32
91.02
103.60
100.15
53.18
34.77
65.47
101.67
104.27
91.09
103.57
100.15
181.54
180.83
179.65
-
Total
15
66.18
10
101.71
104.29
90.96
.
.
••'
'
•
'
'
1
'
179.88
52.88
34.72
65.42
101.68
104.11
90.95
103.63
100.09
179 52
52.91
34.75
765.35
101.70
103.95
90.66
103.40
34.70
•'
101.63
103.68
90.54
103.47
I
99.93
178.82
52.63
8
3
2%
§Reported in receivership.
37
»
_
-6
.
transaction
nUnder-the-rule
tive; "conv," convertible; "M;" mortgage;'
ctfs__
15
f Ex-distribution,
g Ex-stock div,
h Ex-'
(not included in year's range)., r Transaction for cash
(not included in year's range), x Ex-dividend, y Ex-rights,
zEx-liquidating dividend.
2Friday's bid and asked prices; no sales being transacted during current week.
e
principal,
31%
7
33 %
2%
6Vis
to
A5%S
105%
29
—
/-J
58
32%
33
33%
34
105
nn
29
,
_
1997
stamped
reduced
Government
„„
—
J-J
2008
2 Vis
1921
Janeiro
Interest
"No
4
36 Vi
33
M
—1957
stamped (Plan A)
(Republic of)—
to 2%s (ser ABCDE)
Wl
;
I
M-8
ARussian
102'4
56%
Interstate Power Co—
A Debenture
18%
22
2108%
5s
Interest reduced to
Rio de
52%
101% 103
*56
—
J-D
—1955
—1952
1941
Vi
2008
Parana
102% 102%
I-D
—1957
1941 coupon).
series F
(July
24
215
2030
Mortgage Bank of Chile 6s
$15
_1950
..1958
6Vis (Dec 1 1941 coup)
" A7s
221
215
1964
Mortgage Bank of Denmark 5s
116
33
International Power Sec—
(Aug
3Vis
5s
Mortgage Bank of Bogota—
A7s (Issue of May 1927)
Is
1981
Guantanamo & Western 6s
A
22
Co—
stamped
A7s
22
J-D
1954
Power
Interest reduced to
63%
98
1940 coupon__1953
1947 coupon
1958
Grand Trunk Western Ry 4s
Green Mountain Power 3%s
A 7s
Vi
Maranhao
Finland Residential Mtge Bank—
series
24
Vi
City (Peru) 6%s stamped_1958
stamped (Plan A)
ALima
Peru
Vis
221
1950
._
62
6Vis with Nov 1
A 6
65%'
1950
coupon
Danzig Port & Waterways—
AExternal 6Via stamped
100%
AMedellin
M-N
1950
5s
63
234'
—1949
.
Division—
i960
A6yas ex Nov 1
70
1951
4s
.
105 %
269
2
100 "2.
$99% 101 %
A-O
1993
Mfg
95
124
205%
A-O
Agricultural Mortgage Bank (Col)—
A20-year 7 s
April 1946
A 20-year 7s
Jan 1947
Bogota (sec Mortgage Bank of)
ACauca Valley 7s
1940
Danish. Cons Municipal Loan—
-•
External 5Vis
1955
96 V 2
105
City)—
a 1st mtge is ser B
■astern Gas St Fuel 3Vis
Elec
94
124
J-J
'BONDS
106%
Elmlra Water Lt & RR 5s
Marelll
1940
94%
124
Foreign Governments & Municipalities
104%
M-Q
1991
A
A-O
94
r
93
M-8
vl«t mtge 4s-ser A
Ircole
104 3/u
1940
f debentures
a
t
Delaware Lack Si Western RR—
j'
104%
124
"
Frliay
M-8
1954
F-A
Newspaper Union—
101%
1966
4%s
100 Vi
'7/.v-
J-J
180
101'/a 101'/a
.1962
(Bait
•■
100%
104% 104%
',/
105 V4
100% 100%
4
108'/a.
16
108 J/2 108 %
$160
101%
-7 '■'77*--
2Vat conv debs
Gen mtge
105%"
103%
A-O
coupon
Hotel—
Electric
101%
.1960
_.
104%
105%
*•"
Co—
1940
1
Penn Traction
—
1st ref mtge 2%s ser Q
1st ref 2%s series R
39
—
106%
.1977
1
A-O
,
1
1947
renn
100%:
106
$106 J/2 107
—
High
105% 107
15
V
.1969
(Bait)
105 %
1
Jan. 1
.1958
1st ref mtge 3s ser F
Consolidated
J-J
.1954
/ Registered
Consol Gas El Lt & Pwr
*"
105%
104% 104%
2105%
Lot#
.1948
Debenture 3?
104 %
II ' '
1651%
„
Range Since
Sold
100% 100%
Q-F
:
101
2100
' M-N
coupon
Electric Service
with Dec
A 7s
Jan
7%
Bonds
Friday's
106 % 107
J-D
J-D
Debenture-59
102
100%
'-Ol
10%
Bid & Asked
101%
1998
Jan
104%
Hydro-Electric Co—
A6%s with Aug 1 1940 coupon—1951
6s conv
Last
M-N
1970
5s_.
153%
2
if
100 3 4
"
.I960
A5&S (20% redeemed)
101V
115
J-J
1960
7%
1,400
::
100 J/4
6s
Debenture 5s
148%
—
2101
M-8
*
1970
trust
Jan
9" 8
100
Sale Price
J-J
2%s
Cities Service
2113
,
1950
New York Curb
7
__
—1989
Jan
100
700
7%
J-D
J-J
ICentral States Electric Corp—
A 5s (20% redeemed!
3%s
Elec
&
11 Vz
20
600
"l% /I2".
U5
_18«4
:
Steel
Edison
■
F-A
(Calif)—
5s
Waldorf-Astoria
Period
1970
Electric AVfcs
21
Ternl
'
10
Low
Associated
299%
,
A-O
1970
stamped
Industries—
stamped
2nd
Western
Appalachian Elec Power 3%a
153%
2101 % 103
If-#
—_______—1971
West
/7777777'
,
%
Jan'
5
15%
Friday
Exchange
7
.1965
3%js—
Gas
Washington Water
BONDS
152
;
1973
Gas
West
New York Curb
30
(Hugo)
A7-4s
—£1
Wright Hargreaves Ltd
106
26
Corp—
(Hugo)
A7-4s
Btinnes
3s
Corp inc 5s
A 7s
preference
106 %
105%
'
—
1
7
834
■-
6 %
18
153
M-N
1951
B
3s ser
Jan;
Jan
15
—
18 7;
-
8
com.
105 Vi
13
40
1971
ref M
California
6 %
'
mtge 3s_
California Edison
Jan
'7
inc
Bouthern
8%
-
Steel
35%
—(■'
—
A-O
Jan;
25
25
•
1953
4%
20 V 2
V
4':
2
Woodley Petroleum new
Woolworth (F W) Ltd—
103 %
Borough Gas & Electric—
G%
100
7
J-J
2%
Jan.
150
35%
I100
pfd
Woodall
107-%
103
215
1990
Jan
150
:
•
Wisconsin Pwr & Lt 4%?#
Industries Inc.
'
104
106Vi
1
__
234
1960
coupon
debs
6%
Jan.
10
—■
—1
common
102'2
19
2106 % 108
_
1
Jan
—10
nil
w w
"l
•
103
105% 106%
106
J-J
1940 coupon..1966
1947
104
107 Vi 107%
Co—
3%
112
__
0
common
292%
Bafe Harbor Water Power Corp 3s_1981
Ban Joaquin Lt & Pow 6s B
1981
30
'
'
'
—•
Inc
1
104%
104Vi
Jan
400
,
Queens
Jan
*
—10
Co_—
&
Oct
ex
50-year
5s
Williams
j-j
6Vis series A
10 34
150
150
1
Wichita River Oil Corp
Wickes (The) Corp.—
1964
Jan
~7%
X7%
Jan
Jan
113% 113%
113%
—1
St Co
300
__
X7%
•
9%
8% Jan
400
—
.1.20
II20
134
10
-
—.
preferred-
Jan
—'
8 a4
'
(Wm)
Jan
1%
1
Westmoreland Coal
Whitman
9
8%
.
-
200
%
1
»
—
2V4
Western Maryland Ry 7fi 1st pfd_ I100
-'Western Tablet St Stationery com
'
Jan
1
Utilities $6
Texas
—
1%
9%
— —
100
—30
Co
Ward Baking Co warrants
Warner Aircraft Cofp:
Wentworth
Manufacturing
;We«t
1 %
9
''
'<
..1
preferred
cum
103
104
J-D
65
104
Public Service Elec & Gas Co—
•
Wagner Baking voting trust ctfa ext.*
7 %
100
preferred
Waltham
A6Vis
64 %
104V2
A-O
107%
1013/8
3
4
108%
101 %
64%
2104
A-O
3s
26%
108%
104%
104
104%
J-D
Hydro-Electric
A6Vis with Oct 1
Waitt & Bond Inc
64%
1966
1st mtge
21
2101% 102
—2004
1970
Piedmont
1
4s
3%s
.
Waco Aircraft Co
108% 108%
3%s
mtge
Lexington
31 j1
32
1971
1st
3s
Pennsylvania Water & Power 3%s_196*
Jan
'
I
Westchester
Power
1st mtge
Jan
434
Venezuela Syndicate Inc
Ohio
Jan
638
X70
Jan
X70
26%
Vi
2101
108%
M-N
4%s
England Power 3%s
N Y &
1
70
—
High
273:,
—
25
26%
M-0
New
Valspar Corp common
$4 convertible preferred
Jan. I
Low
x'o.
.40
2.15
2Va
40%
700
Range Since
Slid
High
234 %
Jan
&
Bonds
Bid & Asked
1953
coupon
Jan
2,200
Rang*
Friday's
or
Sale Price
Co—
24%
50
22
Week's
Last
Period
39
10
10
common
Interest
Exchange
Low
6Vb
2Va
Jan
2%
400
39%
26
10
ft'
High
5%
2
50c
Oil
EXCHANGE
Friday
Low
31
WEEK ENDED JANUARY 28
Range Since Jan. 1
1
com
Universal
(521)
BONDS
Shares
High
53'8
CURB
CHRONICLE
«Vwk
of Prices
Low
FINANCIAL
Sale#
Rany
Sale Price
New York Curb Exchange
&
65.10
"
•
;
99.83
.
/V
-
i4i
>
l
-.1
.
•
38
(522)
THE
COMMERCIAL
OTHER
&
FINANCIAL "CHRONICLE
STOCK
RANGE FOR
:
Monday,-January 31,,:1949
i
EXCHANGES
WEEK ENDED JANUARY 28
~
J
-V;-''
• '■
■
i;':
•"
■
Frliiy
Week's
Range
Lut
•t
STOCKS—
.
Sale Price
■
*
._—*'—n
*j Baltimore Transit Co.—
5%
1st
Consol
of
preferred
Gas
Lt
Elect
Baltimore
t c
v
Power
&
•
Finance
Co
class
15
■
15%
Chrysler Corp (new);;
f
Coleman
Consumers
.w
.
15
Jan
15%
Crane
Jan
Vernon-Woodberry
6.75%
prior
Casualty
Fidelity & Guaranty
common
60%
Jan
Jan
Domestic Credit Corp class A
1
xl64%
Jan
167%
Jan
Eddy Paper Corp (The)
216
216
Jan
216
Jan
Flour Mills
4
216
61
105
105
7
Jan
105
30%
30%
25
53
54%
1,475
48
49
$7,500
,57
57
3,000
Jan
General
31
Jan
General
54%
Jan
49
Jan
Gossard
Jan
55
29%
57
Jan
Great
105
Jan
49% Jan
of America
(Peter)
Jan
48
•
—
1975
Brewing
Inc
__
Candy class A
Finance Corp common
..5
Lakes
H)
Dr
Dk
Harnischfeger Corp
■'
r-
.
■
Exchange
Week'a
Last
STOCKS—
'
.
M
'
■
<
American
Agricultural Chemical.
American Sugar Refining
—100
American
Tel
Anaconda
Boston
Tel
&
Boston
Maine
1st
25
X34 Vb
Jan
36%
Jan
148 Vb
2,492
143%
Jan
150%
37%
214
34 Vb
Jan
33%
34%
232
■yf:
118% 119%
41
40%
16%
16%
17
Jan
Jan
35
2%
5
„
Jan
42 %
16%
Jan
19 %
Jan
10
2 Vb
Jan
40%
Jan
15%
:
230
5
Lynch
sys
5
Jan
16
574
15%
Jan
16
Jan
70
10
69
Jan
73
Jan
5
5%
182
5
Jan
5%
46%
1,140
Jan
46%
-
44%
Sv.";
1
6%
preferred
5%
Employers Group
5
100
class B
66
100
..
pfd adjustment
Steamship Lines
85%
42%
National
General
4%
353
Jan
6%
64
Jan
68 %
86
60
85
Jan
88
Hathaway Bakeries
340
30
Jan
39
300
19%
Jan
22%
Jan
34
35
80
34
Jan
111
:
59
58%
59%
351
Oak
Lamson
Loew's
Copper
(Del)
Corp
Boston
5%
37%
37%
39%
1,525
37%
59%
Penn
RR
30%
31%
293
30%
Jan
3%
8%
4%
4%
100
51%
54%
607
41
41
25
—
13%
\
Jan
33%
Jan!
8%
Jan
8%
Corp
Jan
4%
; National
,4
New
:
New
59%
51%
Jan
56%
41
35
Jan
41
Jan.
120
12
13%
100
14%
10
Jan
12%
62
Northern
RR
40%
50%
153
49%
Jan
14%
24c
25c
9%
9
Co
85
37c
37c
9%
640
Quincy Mining Co—
Drug
9%
38c
Jan
25c
25
2,50
6%
:
i
Rutland RR 7%
Bhawmut
Jan
21
1,000
16
Jan
17%
Jan
9%
400
9
Jan
9%
Jari
49%
50%
720
17
17
,
2%
11%
17%
18
17%
19
v
"
Jan
49%
Jan
53
Jan
16
50
>2%
Jan
17
Jan
300
Jan
2%
'*•
100
xlO%
2%
9%
—1
Jan
11%
750
17%
Jan
18%
Jail
200
4%
Jan
4%
J ah
27%
700
25%
Jan
27%
Jan
7%
200
7%
Jan
7%
Jan
-17%
11
700
11%
200
10%
A.
11%
38
38
8
8
Jan
10
*'
Jan
Jan
12
37
Jan
38
5,200
8%
Man
11
11%
70
8
?Jan
v' 38
Jan
4%
"
8%
Jan
54 >/8 ■
200
51
Jan
54%
Jan
13%
13%
100
13%
Jan
1*5 Va
Jan
.22% .23%
700
22%
Jan
24
t'.«p
;
7%
300
6%
Jan
7%
2%
2%
2,600
2%
Jail
Zfu
10%
1,450
r-
10
■,
;
-7%
.
2%
10
Vi''"
13%
13%
10
24%
200
-.5
20%,
20%
-20
30%
31
,
Jan
14%
Jan
Jan
25
Jan
52%
Jan
55%
-
8
;*.
8
23%
-2%
18
f
'• "t',
Jan
20%
Jan
29%
Jan
31
Jan
150
24%
Jan
8
700
18
Jail
20
lOO:
200
Jan
jun
Jan
11
13%
300
55%
Jan
Jqjl
24
50
24
55
24
7%
37c
9%
Jan
Jan
15
106 Vb
Jan
6%
Jan
45c
Jan
16 V4
25c
425'
100
.•;/
14%
100
-
...1
8%
Jan
8
22%
Jan
24%
Jan
18
30
Jan
18
Jan
;8%
4%
1,950
7%
800
13%
100
13
Jan
700
16%
Jan
5%
Jan
Jan
:
..10
...
capital
-.50
common..,
16%
16 Va
—1
...1
common
common...
17
5%
..A
5%
,' 8
__
8%
Jan
7%
Jan
50 V
8v
|3%
—
Stockyards capital
Brand
•
.1
*
32%
__
32%
12%
■,
26
100
6%
100
8
Jan
Jan
13%
Jan
17%
:
Jan
5%
3% Mau
120
■
3% •;
9%
i
.
31% Jan
s
Jan
Jan
8
.-
4
J ah
1
12%
21 Va
21%
___1
common
33
33
1
Jan
13%
Jan
»A
Jan
12%
100
12%
Jan
26%
.26
■
•.
Clothes
Bend
Lathe
Works
common
Stone Container
capital
800
25%
Jan
12%
150
12%
Jan
21%
Jan
5%
Jan
6'/8
Jan
Jan
21V8
Jan
22
5%
Storkline
5
7%
~
1,000
■
5%
200
common__L
1
28
13-
Jan
Jan
17* 24
39
6%;
10-
,.14%
25c
i9
100
7%
Jan
8%
200
2%
Jan
3'
Jan
200
38%
Jan
41'A
Jan
6%
Jan
6%
\
450
6
Vb Man
50"
14%:
14%
'
33%
•
*
14%
Jan
>
_*v
T
Sundstrand Mach Tool new com—..
Co
capital stock
34%
'
34
-
5
—25
*
10%
x31%
^31%
34%
200
11
700
32%
9%
1,100
300
Jan
35
h
Jan
6%
Jan
11%
Jaai
59%
13%
Jan
25
n
Jan
32 Va
Jan
Jan
29
Jan
;
tlan
••
Texas Co
Jan
17%
Jan
"
"
39
-.6'/a
-
100
7%
3
Jan
106%
:
19
*
25
1.
,
.7%
3 "
__20
Corp common
Furniture
19
2
—
Sunbeam Corp common
Jan'
(The)—
25
51%
53%
5
13%
,13%
"
51% Man
1
Jan
5%
Jan
Thor Corp
208
-
Jan
26c
Jant
Jan
15 %
*,
*
(The)
South
La
2
common
Jan4
United Air
23%
Lines
Inc.*
100*
12
23%
44
'38%
38%
10
24%
'40%
700
36%
12
10° '
12
12
300
•
,
140
-
,;3an'A"
,43%
Salle St
Corp
•
Union Carbide & Carb capital *(new;—•
Jan <'
14%
-*
85
9'/a
;77/b
■113 Va
...5
A
Standard Dredging common
Standard Oil of Ind capital
Jan
786
6%
.5
25c
100
Association—*—
Jan
,
53
_i„Z~<..-v13%
Jan
8-7%
125
17%
14%
preferred-
Jan
4%
4%.
26
common
(The)
South
Jan
Jan
Jan
700
..
106% 106%
16%
Co
100
Jan
16%
9
:
common...
Car
Trane Co
Rex<all
21
16%
9
**_.
class
RR
( The)
Spiegel Inc.
Jan*
8%
■
,c
15%
i:, 80%
2,560
—
Jan
13c
1,100
87%
—100
:
-
common
Steel
Society
'
'■*
20
16%
Signode Steel Strap common
V" v; f;
14%
89
9%
85%
<——50
_—„
Jan
*
com.
Sinclair Oil Corp
Jan-
Jan
50%
20
*2.50
(N
Jari
10
common
Corp
Swift it
Pennsylvania RR
15%
Jan
11%
Tool
Corp class B common...
Shellmar Prod Corp common
jan_
Jan'
39 Vb
100
100
North Butte Miningj*.—*■.*!
I
Jan
17
Jan
Jan
25
145:.
•
14%
——1
Hartford—.,
&
Jan
9%
Jan
1
Serrlck
Jan;
59%
60
40%
49%.
49%
5
England Electric System
England Tel & Tel
—i
N Y New Haven
.
60%
Jan
9%
25
common—
Switch
St Louis Nat
Jan
40%
*
Cos
58 %
145/8
*
Corp common.*
Process
Jan'
59%
*
—_
—
__
Service
1,100
59%
300
1
Inc
Pressed
Jan
1;
Nash-Kelvinator
Jan
Jan
4
20
14%
12
100
Mergenthaler Linotype
13%
100
common—
Chemical
Jain
8%
250
common
Car
Shoe
Coal
Elec
Potter Co
Jan?
40 Vb
Jan
30%
pfd__50
preferred
Mathieson
,
prior
Theatre..
Maine Central
*
6%
6
Jan
9%
common vtc
Manufacturing
Peabody
Jan?
35%
•
53% Jan
*
-1
_.*
Jan
Jan
8%
15%
a
Bancorp
Nunn Bush
'
Kennecott
14%
Jan
6
•9%
9%
capital^.!....--—5
Ind
American
Northwest
Jan:
21
-15
*
:—
—
14%
100
Jan
37%
;•
-——~
Gillette Safety Razor Co
Isle Royale Copper
&c, Co
NoblittrSparks
Jan
85%
34
*
*
50
200
.
Jan
335
67
21
*
Stores
Electric
Jan
xl4%
$1. prior • preferred****
Pennsylvania
First
8%
Jan
Montgomery Ward & Co
North
35 Vb
Inc___—_.*
Assoc
5%
66
100
Eastern
Jan
Jan
3
common..***.*.
West. Corp
Northern
—100
1st preferred series A
'
7%
9
Modine Mfg., common—:
.t
'.»fLrtf* T-
Eastern Massachusetts Street Ry—
-
410
16
capital
Miller As JBfcrt. Inc
Jan
100
6%
Jan
Jan
Jan
—
Jan
95
12%
550
Exidistributipn:
Jan
6
15%
5
Common
Jan
Jan
1,250
—
Pneumatic
Corp
Middle
Jan
Jan
5% Jan
Jan
5 Vb
25
:
2%
43
70
.
Hecla
Service
2%
Jan
91%
9%
Libby McNeil & Llbby common—7
Lindsay Lt & Chemical common——•
~
Cities
2%
'
16%
cap
common—
Cumulative preferred
Jan
855
5
5%
%■{' <
'
:
8%
59
—lo
new
Leath & Co common.***.
IZZ160
RR
Jan
9
com
Co common*
>.
Kellogg-; Switchboard common...
Jan
x40%
41%
stamped-...100
pfd
31%
,
\-r
Jan
120
1,310
*
2%
100
Jan
16
1
Katz Drug
Jan
38
Jan
33 Va
•"118
231
41%
40%
Prop Trust
Providence
&
35%
Co
31%
Jan
9%
Steel Prod common...
International Harvester (new)
Jan
Marshall -Field
class
Boston Personal
Calumet
40 Vb
100
7%
C
Jan
...100
cl A 1st pfd stamped
Co
new
59 %
•
common
Brick
Jan
16%
common
common
Independent
30
6
'8%
Indiana
RR—
5%
dc
34%
35%
119%
—100
Common stamped
7%
prior preferred
Boston
110
Illinois
i
Railway—
—
&
40 Vb
147
35%
25
Elevated
Stamped
High
Jan
•
147%
i;— —100
RR
Boston Edison
Boston
''
1—50
—
Albany
Range Since Jan. 1
Low
35 Vb
*
Copper
&
Shares
High
38%
—100
Woolen
Inc
Jan
30
i
*
common
Spencer Bartlett
Hupp Corp
27%
1
common*
Brew
Corp
28 %
11%
14%
.6
for Week
of Prices
Low
*
American
Hibb
Sales
Rang*
Sale Price
Par
'
'
(G)
Werner
Horder's
' "
,
Friday
•
Hein
Jan
Jan
150
8%
8%
10
common
&
12
14%
14%
1
Motors Corp common
Refrigerator Co common
(W
Jan
26%
195
8%
__10
Co
46 Vb
-
25
160
1
93
12
IV*
Preferred
Heileman
Boston Stoek
t
250
2%
93
5
common
Hammond Instrument Co
; •
2%
2%
t' 573/8"Jain
'
1
General
5s series A
100
*
53%
1975
4s
Co
31%
*
(
15
Gibson
Transit
30
31%
.25
Jan
3,000"
'
,
BONDS—
Baltimore
100
26%
(new)
common
Jan'
45
'•
26%
26%
26%
High
51%
?
300
,
26%
.—25
25
—
—50
8
—.5
60%
2
U
Co
.
Low
4
400
30
...
common
—
Mills—
—100
preferred
Amsterdam
Co
Inc
167%
Fox
Mount
Co
Edison
165
__
100
New
(The)
Commonwealth
Jan
-5j5.%: 56%
5 •/ 46
10
common,
Rang^Sinbef Jan. 1
4
I\ow -High
—2%«
__'\i
20
A
6OV4
14%
*-
Par
r
High
,13% Jan
147
,.v
.—*
_
Amer
372
Co
common
of
Low
.
14%
^
100
*;
Fidelity & Deposit Co
Range Since Jan. 1
High
13%
__
Shares
Last
SaleJPrice
'Z'vvyCities Service Co
Low
•
%'
Sales
-
'
f
STOCKS—
for Week
of Prices
Par
Arundel Corporation
;
Exchange
Week's
Sales
3 Range
c for Week
of Pricfes
Shares
Friday
—
Baltimore Stock
22% Jan
;
43%-Jah
44- • Jan
i;.
Jan
;
Jan
41%
12%
Jan
Jain
Jttrt
:i
.■
Stone
& Webster
Suburban
$4
2nd
Elec
Securities
Union Twist
11 %
11%
85
85
34
34%
34
34
common—?
*_«■
Drill
'J
5
United Fruit Co....*—*—,
preferred
13%
...—...—*
...
51%
*
51%
52%
55
v'
,
15
U S Rubber Co.
20
41%
43%
170
23%
2f%
480
—
23%
35%
g
Steel
common.**—_
•
77%
13
78%
2,900
24
24%
10%
10%
10%: 10%
Jan,.
-34
Jan
50%
39%
—
Jan
32% Jan
47%
52
39%
.12%
12%
Jans
94-%
U
Jan
85
400
48%
39%
...10
—
Corp.*.
12%
J an
2,652
48%
...25
—25
■4ps=a
Jan
85
"■
Jan
; 11%
-5
165
14%
13%
34
...25
25
___*—
Westlnghouse Electric
34
_B
United Shoe Machinery common
6%
13%
v—*
preferred
Torrington Co
*
Inc.**
J an'
38%
23%
■'Westinghouse Elec & Mfg com—12%
Wisconsin -JBankshares common.
*_*
Woodall Indus common***—*__*___2
53
Jan
52%
Jan;'
39%
Jan4
Jan
43%
Jan
Jan
26%
24
10%
:
Jan
Stocks—
American
Radiator
1
&. St
San
com.,**
Anaconda
10
18
13%
Steel
Steel
common
^
8%
26%
13%
Canadian
Low
Par,
Admiral Corp common
1
Advanced Alum
5
Aetna
Allied
Ball
Castings
Bearing common
Laboratories
American
Tel
Armour &
Co
common
Tel
&
Co
•
capital
Mfg
Co
Co
200
177/b
147%
Cent
&
S
W
1
common
Convertible
For
10%
Jan
Jan
19
Jan
150%
Jan
Jan
7%
34
Farnsworth
Electric
Laclede
Gas
26%
26.3'?
32%
33%
IVb
Jan
1%
Ja n
New York
Jan
7%
Jan
36%
Jan
Jan
15%
Jan
33
6%
13%
.
9%
33%
7
400
32%
Jan
700
Jan
33 Va
Jan
2%
;
Pictures Inc
Pepsi-Cola
Co
new
'
Jan
13%
Jan
10 %
Jan
Radio
Radio-Keith-Orpheum
Republic Steel Corp common
50%
100
50 %
Jan
53%
Jan
17%
200
16 Va
Jan
17'A
Jan
2%
200
Co
:
•
(The)
of
common
America
common
Jan
1%
1,200
Jan
1%
Jan
13%
100
11 %
Jan
13%
Jan
11%
11% Xll%
2,100
Schenley Distillers Corp
Socony Vacuum Oil Co Inc
10%
Jan
xll%
Jan
Standard
Oil
13
13
13
Jan
13 Va
Jan
Standard
Steel
Jan
11 Vb
Jan
Studebaker
Jan
65'A
Jan
Sunray
*
——
9%
10%
500
65%
9%
65%
50
68%
2,700
68%
112
page
46.
25
112
16
97/s
65
66%
111
of N J
Spring
Corp common.....
Oil
Jan
70
Jan
United
Jan
112
Jan
Wilson & Co
Jan
33%
Jan
14
800
13 Va
14%
Jari
600
11%
Ja n
13 Vb
Jan
500
10%
Jan
11%
Jan
7
8%
Jan
Jan
7
7%
300
7
Jan
8%
8%
600
7%
Jan
4%
5
300
4%
200
37%
38
Corp
Corp
Jan
Jan
7 Vb
Jan
38
38
~2 %
"2%
5%
400
4%
14%
14 %
400
14%
12
12
12
100
12
Jan
13%' Jan
Jan
39%
11%
1,000
~4Va
~4 Va
4
8%
Jan
11%
Jan
2%
Jan
3%
Jan
Jan
5%
Jan
Jan
15%
Jan
Jan
4
Jan
100
8%
Jan
400
22%
Jan
24
Jan
600
8%
Jan
10
Jan
30%
600
28%
Jan
31%
Jan
13 V*
1,000
12%
Jan
14%
8%
1
23%
23%
9 Vb
9%
9%
28%
12%
24
1,500
4%
8%
Jan
Jan
*
•
*
12%
1
8
*
26
8
7%
Jan
9
Jan
26%
300
24%
Jan
27 Vb
Jan
5%
5%
100
5
Jan
5%
Jan
27%
100
27%
Jan
30
Jan
3,600
16%
Jan
17 Vb
Jan
400
69%
Jan
73%
Jan
16
100
15
Jan
16%
Jan
19%
500
19
Jan
21%
Jan
10%
Jan
11 %
Jan
27%
15
16%
16%
17
25
697/s
69%
70%
16
19
19
10%
10%
11
11%
11%
1
,__1
1
•
Jan
100
Va
2,000
•
common
9
.
2%
1%
2%
1%
13
103%
12%
2%
13%
Jan
Jan
Jan
31%
11 Va
Rexail Drug Inc
1%
*
1,700
Jan
9%
Corp
Jan
...
33%
com
*
Inc
Oil
26%
13%
•
Paramount
Pure
Jan
11
2%
13 %
Jan
24%
Jan
10
Car
200
14
J an
8%
11%
*
Airways Corp
250
Jan
Jan
35
13%
•
capital
300
50%
2%
Motor
Pullman
14%
Jan
5%
13%
Jan
Jan
Jan
14%
10
13%
7%
7%
33 Vb
11
5
1
6%
13%
16%
—■
Central RR
American
300
V.
102
32%
\
North American Co
Jan
Pan
"
11%
Corp
6%
Packard
^
500
1
^
Light
Nash-Kelvinator
200
14%
Jan
'
Radio
Co
1,600
13%
10
&
'
Motors
1%
35
'
1
'
General Public Utility Corp
Graham-Paige
7%
150
6%
■.
Television
6%
450
Jari
10%
13%
'
300
-
•
•5
Jan
15%
Janv
1034
1
Motors
-
13%
1
*
common
see
•
2Vb
1%
5
preferred
footnotes
"
•
_50c
common
preferred
Chicago Towel Co
Jan
26
.
*
(The)
1
common
Cherry Burrell Corp common
Chicago Corp common
Convertible
Jan
Jan
36
.25
:__1
Inc
*
Corp
preferred
Util
Jan
7
15%
'
10
5
12 %
5
144
35
2%
*
Secur
111
Convertible
v.
1
Laughlin Inc common
(George W) Corp
Borg-Warner Corp common
19%
400
15%
1
&
Jan
Jan
800
35
10
Borg
7%
,
1%
—
*
common
147 V4 148
7%
■;
1
Corp
Binks Mfg Co capital
Central
4%
18%
Berghoff Brewing
Biscuit
17
18%
5
Carr-Consol
300
10
—.3
common
Burton-Dixie Corp
900
4%
450
5
High
-
General
17%
10
Bendix Aviation
Bliss
LOW
10
100
common
Bastlan-Blessing
High
""
17
Co
Ry
System
Curtlss-Wright
Range Since Jan. 1
*■■
:
Mfg Co commcn
Manufacturing Corp
Belden
for Week
•
Asbestos
Avco
Continental
4%
17
—
Pacific
Columbia 'Gas
Shares
Jan
,.100
new^
Certain-teed Products
Week's
Range
Jan
10%
1,000
14
33%
50
Copper Mining—;
!
Corp...
Atchison Topeka & Santa Fe__
Chicago Stock Exchange
of Prices
Jan
1-0%
Jan
,.1
^
Last
24
700
200
1*Arf
Alleghany Corp
Bethlehem
Friday
300
78%
%las
Armco
Sale Price
.Jan
,<*■
American Air Lines Inc
—
STOCKS—
69
;
"T-n.%
Unlisted
Jan<
Jan
Man
39
.
*.
2%
100
11
Jan
2%
Jan
Jan
11%
Jan
COMMERCIAL
THE
Number 4773
169
Volume
&
FINANCIAL
OTHER STOCK
RANGE
WEEK
FOR
CHRONICLE
(523)
EXCHANGES
ENDED
JANUARY
28
Cincinnati Slock Exchange
Week's
East
American
Low
Churngold Corp
.
4%
•
8.50
Elec
&
preferred
29%
29%
ioo y2
1—_*
j.
Gas
Cincinnati
common
———
Cincinnati Street
25
Jan
4
Jan
Jan
Jan
3y4
465
12
7
13%
Jan
Jan
5
29%
27%
105
100(4
100
7>A
___25
,
200
Members
High
New York Stock
New York Curb
Exchange
Detroit Stock Exchange
Jan
Exchange
Chicago Stock Exchange
,
7
7
22%
159
4
12%
12
...
Low
24%
4
12
100
___:
WATLING, LERCHEN & CO.
Range Since Jan. 1
Shares
High
24%
24%
_1
!
:
Brewing
Burger
-20
Laundry Machine.
for Week
of Prices
Sale Price
Par
fealcrank
Sales
Range
Friday
STOCKS—
25
7
29%
100%
Building
Jan
DETROIT
Jan
Jan
100
Ford
Jan
Jan
650
5%
Jan
7%
101
73 V*
Jan
76V»
Jan
7%
50
7Va
Jan
7%
WOetward 8-5525
Jan
76'A
Telephone:
Jan
7 %
7%
'
Cine
-&
Sub-Bell
Crosley
Dixie
.50
—
L—
Formica
Hobart
15
7%
135
L_10o
100
100
19
19
13
Insulation
60
—10o
10
21%
Detroit Stock
Jan
Jan
100
Jan
18%
Jan
19
Jan
23
Jan
26%
Jan
60
Jan
60
19%
Jan
21%
Jan
100
295
Friday
Little
1st
preferred-100
Miami
guaranteed——i—50
_
Lunkenheimer
47
48%
95
95
Par
Magnavox Co
__1
20
v
20
f
Meteor
Motor
i
95
Jan
95
Jan
Bohn
19
Jan
20%
Jan
Bower
common.—___5
34%
>
16%
Jan
17%
Briggs Manufacturing common ,_.i
<■
Burroughs Adding Machine
1—*
Chrysler Corp common
—_2(4
30 V*
30%
8%
^100
-
Jan
8%
4* 564
64%
Jan
66'/a
Jan
8 %
382
7%
Jan
8%
Jan
11%
25
11%
Jan
11%
Randall
:
L_,
B
57
75
57
Jan
57
Jan
Detroit
37%
40
37%
Jan
39
Jan
7 Detroit
Jan
8
Jan
S
Playing Card—
S
Printing eommon_'___:.__L_—-1—*
Bank
*
___8
V
«
,.W
Allied
t
A
Unlisted
____10
8
,
4t
f
Rolling Mill
Tel
Chesapeake
&
10
25
Gas
Curtiss-Wright
V
,.Federated
Motors
Cash
York
'Packard
Cleveland
&
148
27%
143%
Jan
150%
31%
Jan
34%
Jan
46%
Pennsylvania RR
11V4
3%
8%:
378
3%
11
50
8%
Ale
Radio
Corp
Standard
'Standard
Oil
General
Jan
24%
24 %
155
24
Jan
24%
Jan
23%
2.3%
110
23%
Jan
23%
Jan
4%
Electric
Apex
19%
19%
59%
*
$4.50 preferred
Illumin
Cleveland
Electric
4%%
preferred
j
Consolidated Natural Gas(Uni
Railroad
Erie
Jan
19%
19%
125
19%
Jan
19%
Jan
13%
13%
300
13%
Jan
14
Jan
Hoskins
Manufacturing
Lock &
7 Kaiser-Frazer
2%
Mfg—
5
3%
37
33%
Jan
34%
34%
34%
Jan
'
12 %
12 %
25
12'/a
Jan
13%
Jan
3%
4%
100
3%
Jan
4%
Jan
16%
20
16%
16%
Jan
17
i Masco
Screw
McAleer
Products
Mfg
Jan
9%
20
Jan
10
Jan
30
Jan
31 %
Jan
'A Packard Motor Car
12%
13 %
85
12%
Jan
14
Jan
16%
16"%
41
16% : Jan
17 %
Jan
12%
9%
18%
18%
19%
80
18%
Jan
21%
Park
-
Chemical
Parke
Glidden
Co
common
70
72%
188
70(4
Jan
74%
Jan
25%
25%
12
24%
Jan
26%
Jan
69
10
Jan
78
Jan
24%
353
Jan
26%
Jan
J
\
Week's
Range
of Prices
Low
Halle
Bros
1%
1%
3
3
3
1
1%
1%
10
common
common
Industrial
1
•'
,
Raisin- Paper
Scotten-Dillon
S
Axle
Shirt
Dist
Wayne Screw
Interlake
&
Jones
Kelley
Low
&
Portland
G)
Central
Jan
11%
11%
12%
693
14
14
Jan
-
Jan
10%
Jan
100
13%
Jan
14
2%
400
2%
Jan
2%
Jan
5
18%
18%
450
17%
Jan
18 3A
Jan
9%
9%
10%
100
5%
600
1%
1%
300
1%
common
9%
10%
1%
200
725
•v
Jan
Jan
Jan
Jan
9%
Jan
9%
10
10%
Jan
6 Va
Jan
IV*
Jan
1%
Jan
5%
Jan
1%
Jan
1%
Jan
Sales
Range
for Week
Sale Price
of Prices
:
a7%
40
7%
Jan
8'A
Jan
215
31%
Jan
34%
Jan
50
25
Jan
29 %
Jan
Alaska Juneau Gold Mining Co.,.:
15%
Jan
16
Jan
Allis-Chalmers
74
Jan
76
Jan
American
Airlines
Power &
Jan
American
Radiator
&
St
San
*
(Un)__*
&
Ref Co
(Un)—•
a53%
100
al47%
14
a59%
*
a36
285
40%
39
Jan
42%
STOCKS—
Co,(Un)
Mfg
Inc
4
109%
Jan
111%
Jan
American
Smelting
23%
Jan
25%
Jan
American
Tel
6
41%
Jan
46
Tel
&
160
47
Jan
50'A
Jan
American
Viscose
Woolen
173
30
Jan
32%
Jan
Anaconda
Copper
75
86
Jan
90
Jan
Armco
12%
Jan
14%
Jan
Armour
86
al4%
al4
183
(Un)
(Un)
8%
8%
200
8%
8%
13%
13"%
13%
High
3'A
Jan
3%
455
27%
Jan
28%
7
Jan
8%
Jan
300
8(4
Jan
8%
Jan
1,140
V
13%
Jan
14%
Jan
Jan
Jan
Avco
21%
Jan
Baldwin
45%
Jan
Bandinl
13% Jan
14%
Jan
Barker
97
19%
Jan
40
ao
Jan
•
Manufacturing
■
Corp
Jan
37%
Jan
Jan
35%
Jan
26%
27%
24%
Jan
27%
7%
7%
1,436
125
7%
Jan
7%
(Un)_100
25
Jan
13v
Jan
(Un)
20
20
56
20
Jan;''
20"
Jain
Barnsdall
Oil Co
46
46
50
41
Jan
46
Basin
Oil
Bendix
38
32
Jan
41%
Jan
34%
Aviation
Jan
Bethlehem
Steel
33 Va
Jan
(Un)
Jan
Boeing
10%
11
384
10%
Jan
11 Va
Jan
Bolsa
50
30
Jan
33
Jan
Borg-Warner
40
35
Jan
35%
Jan
40
Jan
7%
Jan
11% Jan
ll7/e
Jan
10%
10%
10%
190
10%
Jan
10%
3%
3%
3%
3,320
3'A
Jan
4%
20
20
20%
700
65c
65c
70c
1,900
a44%
17%
Jan
Jan
20
Jan
21
Jan
50c
Jan
75c
Jan
47%
Jan
a44% a45%
230
47%
Jan
18'A
2,853
17 JA
Jan
18 Vt,
Jan
a33a33%
Jan
4%
Jan
Budd
Airplane
60
32%
Jan
32%
Jan
32%
Jah
33%
Jan
6%
Jan
17%
Corp
(Un)
4%
50
a20% a20%
20
19
Jan
20%
50
12
Jan
13%
Jan
15
34%
Jan
39
Jan
Caterpillar
2,958
6%
708
a23
50
9
8%
9%
5,450
8
39
a—
a41a41%
Jan
10
51%
Jan
53 %
9%
1,335
9%
Jan
10
—
9%
9%
180
8%
Jan
7c
7c
1,000
14
14
260
a53%a53%
110
25
a50% a51%
Jan
a__
80
9%
__
*
*
Jan
a—
9%
5
—
6%
a__
Jan
Jan
Jan
12%
33%
6%
a22%
15
(Un)
Corp
32%
6%
a22%
1
(Un)
Co
Oil
Chica
32%
*
Broadway Dept Store
;
al2
39
Jan
Jan
5
Blue Diamond Corp
12 Va
31
all%
6%
2
Jan
Jan
35:
__
33(4
Corp
29%
.
13
430
Jan
11%
31
39
6%
5
1
(Un)
235
35
70
6%
'___
__1
Corp
U7/a
31
Jan
Jan
a__
1
common
11%
.
a__
100
Co
7 Jan
95
a36% a36%
3
Barnhart-Morrow Consol
--
al01al02%
10
is
40
__
20o
Bros
■200
595
a__
a__
33%
Company
12%
34'A
—
Jan
37%
Railroad Co
Ohio
&
Petroleum
160
33 %
150
171
(Un)
Works
Locomotive
14'A
a31% a32%
a—
—
Jan
627
—__5
Jan
Jan
34%
100
a36 a37%
145 7/a
Jan
Jan
57%
6%
Jan
37%
125
11%
a59% a62%
a__
34%
(Un)_—
Jan
6%
255
174
107
1,044
33%
(Un)
(111)
a53% a53%
al47%al48%
(Un)__30
Co
60%
20
39 Va
—5
:
.
4%
a
4%
Co
(Un)
—
10c
Calumet Gold Mines Co
Ry Co
Tractor Co
'
a30Va a30'/8
.
a30% a31%
22%
.
22 Va
.
7
7
.
V
Jan
29%
Jan
Certain-teed Products
Jan
33%
Jan
Chrysler
22
Jan
24
Jan
Cities
16%
30
27%
29%
.80
Jan
17%
Jan
Colorado
Corp
Service
(Un)
al6% al7
:; VV 203
"
al2% al3 %
4120
12%
Jan
14%
Jan
a26%
us
24%
Jan
27%
Jan
40%
41%
465
39'A
Jan
42 V*
Jan
24%
25
770
24'A
Jan
26 %
Jan
&
25
—
—*
1
—
2.50
—10
a54"%
43%
•
1
4%
Corp
*
—
20
18 %
-
Company
Fuel
-
(Un):
Corp
;
(Un)__,
Clary Multiplier Corp
-
;
27%
__
Low
344
10
Mining
40
a6'A
a45
Corp
Co
Corp
Co
&
(Un)
Top & Santa Fe Ry
Atlantic Refining Co (Un)
38
*a20Va-a203A
Steel
Co
12%
*•
27%
*
1
Atchison
a59% a60 Va
i-50
3%
Range Since Jan. 1
High
3%
Jan
86
-8
Low
10
Light Co (Un)
85
110% all0%
a49'/2 a50
—
Shares
Par
a30% a3134
:f
Exchange
Week's
143
a43 % a43 Va
a
(Un)
19
2%
Los Angeles Stock
a38% a38%
of America
f.
\
6V4
Last
'
Radio Corp
Jan
Friday
a45-
1—
18%
Jan
al2%
Sargent
350
450
common
a24% a25%
i-*
1
(Un)
Patterson
Jan
18%
150%
40%
RR (Un)
Pennsylvania RR (Un)_
3%
Jan
35
j
Jan
196
*
...
common..
3%
5%
Canadian Pacific
Oil
350
Jan
75%
Ohio Brass class B
Ohio
Jan
3%
6%
12 V»
common
High
,
Ohio-Edison
26 »A
Jan
262
Cement
f
.
Jan
2%
75%
-1
Y
24%
6%
a32% a337/a
32%
-4
N
1,050
6%
common
Products
Jan
26%
2%
.10
Acme
3
3%
75 Va
National
Jan
Jan
1,887
Metropolitan Paving Brick——
3
1
common
common
Borden Company
(A
125
Jan
a7%
(Un»__
class B_
McKee
Medusa
Jan
3
2%
15%
Trans—
Lamson & Sessions
Jan
4»A
3%
15%
.___
Steel
Lime
2%
Jan
Range Since Jan. 1
Shares
a38% a39%
-_j
Steamship
Laughlin
Island
Jan
4
%
6
a23% a28%
a
.50
2'A
1,200
18%
common
Aircraft
Jan
100
4%
-3%
1
common
B
Jan
Jan
13
Jan
^
'
10
class
13
1%
2%
26
3%
_5
Manufacturing
Radiator
26%
*
/•.
125
.
3
':
3
1
*
com
13
100
—
(Un)
Rayon
Jan
Jan
4
_1
'•>'
Warner
"...
'■
1%
Jan
1%
300
A—
—
•'
*
■
Jan
3
147% 147%
__
:
"■/
1%
2,012
2%
"4%
•
Tube
13
13
•
Brewing:.common
Sheller
%
2
common
14'A
1—
:
—
'•
500
1%
1
1
3%
2%;
corn-
common '-
Preferred
•
Jan
100
1
River
i
U
High
3%
3%
—
Stores
Greif Bros Cooperage class
"8Va
200
300
for Week
Drug
Gray
Jan
Jan
150
8%
8
.
Sales
(Un)
Rubber
&
Jan
37%
8
37%
common
'
,
Baltimore
Tire
Goodyear
1%
37%
1
Davis
Pfeiffer
Jan
70
10
(Un)
Jan
1>A Jan
36% Jan
10
j National Stamping
12
38
common
Jan
8%
1%
__—
30%
a6'A
Motors
3(4
Jan
1%
common
McClanahan Oil
9%
(Un)
Co
Jan
7
7%
'
30%
General Electric (Un)
General
3
525
3%
7
1
Kresge Co~(S S) common
Lakey Foundry & Machine
Jan
750
3%
Kinsel Drug
■
'
Gabriel
;
1
Jan
Jan
*
(Un)
Jan
lo
60%
57%
0
—
60
Hoover Ball & Bearing common
7 Hurd
230
2
common
Electric Controller
Jan
Jan
Jan
59%
—15
Mfg new
20%
2%
American
1 Eaton
10% Jan
Jan
8%
59%
15
I Dow Chemical
Jan
150
2%
29
100
(Un)
Jan
65c
200
Jan
59%
*
—
^Cleveland Graphite Bronze
4%
Jan
Jan
2%.
7%
1
com—
/
Jan
25
;
4%
50c
2%
39%
-1
City Ice & Fuel
Cleveland Cliffs Iron common
.1,200
_1
26%
Jan
—100
100
:
200
%
5%
45
37%
50c
Chesapeake & Ohio RR
4
5%
■i
253
Sale Price
Mfg
■'v
65c
American
•
4%
65c
Jan
Jan
Jan
39 %
Par
(Un)
9%
Jan
Jan
37%
STOCKS-
Tel
Jan
Jan
;
Last
&
8
5,395
5%
Jan
Friday
Tel
100
I
4%
3%
Cleveland Stock Exchange
American
21%
8%
59%
United
(Uni
Jan
20% Jan
21%
8%
100
Udylite Corporation
Corp
5%
424
Timken-Detroit
Alleghany
Jan
1,900
230
78
Mfg
4%
5%
Jan
24%
Brass
Jan
2,260
5%
3
37%
71%
Akron
8
59%
Jan
24%
V
Jan
4%
28'/a
*
■
7%
5%
Jan
12%
■!;'()'
200
1
Jan
Standard
•
Jan
7%
21%
Corp
25%
Westinghouse Electric
Steel
Jan
7%
10
Motors common
160
i'O
s
Jan
20%
Jan
1
11%
'
(Ohio)
CJ
16
57
20
Brewing common
Graham Paige common
Gerity-Michigan
Jan
10%
Jan
52% Jan
.
,
8%
i Goebel
4
i
14%
579
535
14 %>
1
26'%
25
J)—
245
56
20 %
21%
common
25%
*
I
(N
Jan
55%
14%
1
29
-15
Brands
Oil
31 %
10
i
Peninsular Metal Products
Standard
Jan
1
29
*
Socony Vacuum Oil
30%
20
_1
33 Vac
—
Jan
125
Jan
1
common
Fruehauf Trailer
-\V;
-50
Oil
34%
5%
Electromaster
Friars
*
Pepsi-Cola
Jan
4%
._.
Murray Corporation
'Pure
Jan
34%
5%
common
Products
Jan
5
*
—
26%
"100
20
Steel
Jan
42
185
45%
—"
L
:
Car.
Jan
10%
940
5
Edison
Corp
Jan
10:
Register
Central
High
6
Jan
9% Jan
26% Jan
110
10
26% '26%
1
;
Navigation
Steel
Jan
*
.
Motor
Motors common
*
;
26 %
lo
7
Electric
National
:Il
:
—^5
Paper
Detroit-Michigan Stove
Jan
33%
_1
V -
Light
Dept Stores
General
New
&
28%
Jan
32%
*
1
'__
"'■■■" •' ;
/
Power
Southern——
Jan
24%
45%
1•
&
27%
406
27%
147
—10
Commonwealth
General
32%
75
528
28
25%
26%
147%
Ohio
Service
Columbia
27%
—100
Tel
&
Bearing
f Detroit
*
American
Dayton
•8
Continental
Stocks—
Stores
Cities
9
8
8
7 Consolidated
'
t
common
( Detroit
,
American
i
8
*
Western
•
64%
Electrotype—
Rapid
U
class
2
——
5%
Jan
)> 8-
•:
64%
Products
Brass
Roller
37%
—
&
Alum
65%
17%
.
*
380
34%
55
" i
■
.-77
v
Gamble
.9%
American
Metal
Range Since Jan. 1
LOW
5%
Jan
57
_6.
.7 '
&
9%
Shares
High
5%
48%
11%
Car
,
Procter
5%
Jan
Jan
Jan
16%
)
Low
.1
25
.
'
■
Brewing
43%
250
95
—*
for Week
of Prices
10
47
V
Sales
Range
Sale Price
STOCKS—
Week's
Last
Altes
Kroger
Exchange
Jan
60
21
21%
8'/a
Jan
127
26%
60
•
Jan
15
5
25
*
partic pfd
Mfg Co common
Jan
7%
33
—.—10
i
15
50
8
15
*
1
Preferred
Hatfield
__5
;
common
Eagle-Picher
7%
7%
Cream
Drug
75;
76
Motors
Ice
<Dow
L
Tel—
Iron
Preferred
—
al2% al2%
a54"%
a57
43%
7c
13
a—
9(4
Jan
7c
Jan
14%
Jan
Jan
Jan
'''
—
a—
—
13
Jan
13%
Jan
56%
Jan
56%
Jan
45%
Jan
5%
Jan
44%
485
472
43%
Jan
4%
5
402
4%
Jan
18%
19
575
16%
Jan
18 %
18%
274
17%
Jan
250
25
75
11%
Jan
19
,
Jan
19%
Jan
'
Republic
Steel
Richman
Bros
Standard
Oil
a26
(Un)
of
.•'■■
-
Ohio
common
10
—
:
.
■
t
:
'-i'' /V'V
System Inc (Un)
i--.
Columbia Gas
Commercial
Solvents
Corp
*
(Un)—-—*
25
—
v
Commonwealth Edison Co (Un)!—
■U
S
Van
Steel
common
75%
899
69
Jan
78%
8V4
107
8
Jan
i
9
Jan
Consolidated
1%
;
76(4
8l/4
(Un)
Dorn Iron Works
1%
130
1%
Jan
1%
Jan
Consolidated Engineering Corp
15% al5%
53
13%
Jan
16%
Jan
Consolidated
230
69%
Jan
73%
Jan
Consolidated Vultee
107
13%
Jan
14%
Jan
Continental Motors Corp
•
Warren Refining
.White
& Chemical..
Motor
...
a
70
Youngstown Sheet & Tube—
Youngstown Steel Door
(Un>_.
For footnotes see page 46.
a
70
13% a 14%
Jan
Commonwealth
&
Sou
Edison
Co
(Un)—*
(Un)_*
Corp
of N Y
Liquidating
—
Corp
Aircraft
(Un)
(Un)
—
-
3%
.7*
11%
."•% V,
11%
al7% al7%
a26% a26%
371
11%
Jan
16%
Jan
16%
Jan
25%
Jan
26%
Jan
3
3%
Jan
Jan
3%
3%
22%
22%
135
22%
Jan
22%
Jan
7
17%
9%
7%
17%
1,410
6%
Jan
77%
Jan
17%
Jan
17%
Jan
9%
200
330
9%
Jan
I '10%
Jan
a7%
a7%
50
7%
Jan
8(4
Jan
'
__
—1
7
*
—
1
9%
1
—
t 'i:
39
40
,(524)
THE
COMMERCIAL :&
FINANCIAL
CHRONICLE
Monday, January ;31, ' 1949 -%•"
-
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDED JANUARY 28
Friday
i '■
!
t
Crown
America
(Unt.
Corp (Un.r
^
Curtis Publishing Company____
Curtiss-Wright Corp (Un)
Dresser
Industries
Electrical
"III
Products
Electric
Power
'Exeter Oil
Farmers
and
:Farnsworth
Garrett
&
class
iGeneral
Foods
iGeneral
Motors
General
Public
Oil
7
Jan
7
Jan
8%
Jan
8%
765
7%- Jan
50
a__
20
a__
21%
188
'
Jan
a__;
Jan
21%
13
178
13 ~
Jan
13%
11%
Jail
12%
65
57 %C
a38
*
a41%
A
Steel
Consol
Jan
Van
Jan
Warner Bros
Jan
96
10%
Jan
10%
Jan
Western
Pictures Inc
Union
Jan
Westinghouse Elec Corp
42 -'%
146
42
Jan
42%
Jan
Willys-Overland
"Woolworth fF
57%
Jan
60
Jan
575
11%
Jan
12
45 V
45
43%
,195
fh,
a41% a42%
92
a.._
Jan
a__\
•
10%
117
118
342
9%
9%
'9%
1,300
9%
Jan
9%
3%
Jan
10%
10%
512
ll
118
6,300
•
12%
12%
215
a2%
a2
%
90
2%
Jan
2%
28%
220
27%
Jan
29%
2c
Jan
6c
Central
1
RR
Co
(Un
100
25c
5c
5c
33 %c
8%
9
12%
12,000
;Independent Exploration Co
Intercoast Petroleum Corp_._
320
Iron
27%
Jan
'International
Nickel
Co
International
Paper
Co
International
Tel
Kaiser-Frazer
Kennecott
Kern
&
of
1.15
1.25
900
1.05
13%
100
13 Vh
Jan
a30% a30%
45
30%
Jan
15
a50% a50%
50
(Un)
Corp
Copper
(Un)
Oil
Hotel
(Un)-;
National
i
Co___
Corp
Central
(Un)
Last
STOCKS-
Pacific
Occidental
Oceanic
RR
American Stores
(Un)
Jan
46%'
24%
Jan
8%
Jan
a
8 %
1.40
53%
56%
Jan
Gimbel
Jan
14%
Jan
Jan
26%
Jan
2%
7.
'
al7
5,600
2%
2%
a 53%
a55%
7 1.70
1.80
al7%
..
f
12%
16c
1.45
Jan
1.90
\
Jan
2%
-
555a
Jan
1.80
Jan
14%
14%
60'
b18
3,500
413
16%
10
100
$
r 119
33c
33c
1,500
2.35
2.50
29% '
29%
29%
13%
13%
13%
100
19
150
i 1,816
7
20c
Jan,.
11%
Jan
Scott
16%
Jan
Sun
•
'__
10
_.
'
19
25
_____:
.
'
31%
32
a34% a34%
32%
32%
Reading Co
•••Salt Dome
\United
Gas
Jan
32%
a52%
13%
19
Jan
30%
Jan
Jail
35%
32%
27%
Jan
28%
51%
Jan
53%
Jan
-4
Jan
4%
4
33 %c
a9%
Phelps Dodge Corp '(<Un) u_
r______25 )
Puget Sound Pulp & Timber Co..
*
(Un)
49%
\ 49
19 %
Stores Inc
Regis Paper Co (Un)-.
Finance
;
Company 1
!.___
Corp.
112
Co
Ltd
4.56 '1
4.48^;
preferred
4.32Vc
5%
33
5%
Jan
73a
7
18
18%
16%
1G%
17
36%
35%
22%
;
7%
18%
21%' 22%
*
'
24(4
•
i7«
■
•
=
■-
•
Jan
Jan
16
Jan
17%
Jan
35%
Jan
36%
Jan
20%
Jan
22%
Jan1'1'
245
•4,069-
23%
Jan
24%
Jan
110%
Jan
110%
Jan
37%
Jan
37%
38%,
335
"37%
Jan
40%
Jan" :*
21%
450
"*20"" Jan
21%
Jan
'
21%
.27
22 V'u
22%
669
27%
Jan
7
23%
Jan
V 261
'50"
23
''
•
8%; 11'
48% \
!
53%
53%
2%
19 Vs
355
Jail
20%
7
Jan
Jan
•
8%
Jan
11'
Jan
48%
Jan
53%
Jan
60%
Jan
341
19%
h'
Jan.'
46%
633
!
56%
r->'
'
2%
Jan
854 y
18% Jan
55"
:
2%
19%
<26%
240
"48%
*
"
-
1
20%'
27%
11
7%
l8Vi
1,942
'>
Jan
Jan
37%
37%
•
Jan
6%
17%
■
37%-
7 21%
A
1,008
110%1103;
37%
:—•
2,018
36%
c
■
7,
Jan
•
'
23%':'24%
110%'
7
4% Jan
"
30
:
.
}.
f
2\'i ' Jan
; ,19%
(
Jan
Jail
Mountain
Jan
Pittsburgh
Jan
25
Jan
27%
Jan
Jan
5%
Jan
1,455
26%
773
-
47»
4%;
100
■;.! 5
al9
—I
:
.
preferred
26%
6
Va
Co
8%
Jan..
7
Jan
19%
6%
Jan
70c
Jail
.
30%
6%
17%
Jan
19%
pfd
Jan
8%
27%
1,215
16%
Jan
17%
*a39
140
38%
Jun
39%
(Un)
i
Calif—
(Ind)
(Un)
(N J)
Webster Inc
(Un)_____
(Un)_
Studebaker Corporation
(Un)
48%
48%
26
47%
Jan
48%
40
38%
Jan
383s
25c
a6c
6c
a6c
400
*
21
23
860
1
21c
21e
a
9c
Bros
23%
185
21%
Jan
24
Jan
Steel
Westingnouse
34 %
8
—
24Vs
34%
185
32%
Jan
55c
10O
50c
Jan
10
110
10
•"
30%
;•
a29% a29%
16%
105
14%
Jan
22%
162
305
31%
23%
Jan
24%
Jail
-26%
16%
Jan
17%
Jan
<
9% .Jan
9%
Jan
iBurkart
Jan
.Coca-Cola Bottling
.v—-—.——-1
'Falstaff Brew common
1
j
29%
Jan
28
Jan
28%
29
Jan
29%
Jan
28
Jan
29
48
1734
61 %
65%
a39
71
13%
175
19%
a38%
•71"
120
591
a38% a39'•>
•_«..
a
-■
1,353
Motors
10
;
Griesedieck-Western
Jan
I
46%
Jan
49%
Jan
Jan
International
Shoe
Shinkle
a__
Jan
Brew
6
Preferred
21%
LO10
16%
100
320
9Va
16%
31 Vs
7" 115
Jan
67%
40
Jan
614
7034
Jan
72%
Jan
14
Jan
Laclede
Gas
21 %
Jan
Laclede
Steel
11%
Jan
McQuay-Norris
Meyer
■■
25
14
Jan
19
Jan
10%
Jan
•
18%
Jan
19%
Jan
Jan
287s
Jan
506
54
Jan
54%
J^n
150%
Jan
9% Jan
.
:V"
136
61
Jan
61
Jan
115
11
Jan
11
Jan
1534
24%
11%
12%
21
30%
Jan
17
Jan
18%
Jan
25
Jan
25
Jan-
24%
Jan
25 Vs
Jan
38 7:
Jan
40%
Jan
577'«
Jan
25
24!5'h
-
39 V«
•:
59 V4
59%
,
168
110
43
31
•
Jan
60%
Jan
21
21
563
19%
Jan
21
Jan
38%
38%
25
38%
Jan
39
Jan
2V4
2V4
100
1%
Jan
23 V*-
*
common
43 %
&
Knapp-Monar.ch
Laclede-Christy
common
*
10
——1
common—
8%
23 Va
25
43%
44 Vs
323
10
300
4
common
9%
8
-
2%
Jan
21
Jan
77 237/4
Jan
40%
Jan
44Va
Jan
9%
Jan
10
Jan
8!a
"5V2
5V4
8%
25
Jan
8%
Jan
13 Va
%
13
—5
common
27
13
-Jan
13%
Jan
5%
525
5
Jan
5%
Jan
33
Jan
34
25
16%
Jan
17%
Jan
10
17%
Jan
18
Jan
16
Jan
17
Jan
15%
Jan
20
33
34.
common
10
17%
17%
common-
"
18
18
common
Blanke
Missouri Portland Cement
American
com
-25
(Un)
Rice-Stix 2nd preferred
St Louis Public Service
-
435
class
A
50
15%
Jan
15%
Jan
Sears
550
23
Jan
25%
Jan
Sterling Aluminum
10
Jan
11%
Jan
Stix-Baer
12%
Jan
Wagner Electric) comlnonL—"_'___J___15
250
11%
Jan
&
&
Co(Un)
common
Fuller*'common2—'
16%
%
477
16%'
2
127
5%
127
10
14%
5
5%
5%
38%
—_*■
1
16
16%
100
1,829
Roebuck
16
—10
160
•
.
.
9% ,Jan
63
! 18
Jan
n6034 a613'-»
10'a
High16%
Jan
Jan
28%
10
'
Jan
20
-
17.
25
38%
59'
—50
61%
20
24 34
Jan-',
Jan
143
100
24%
Huttig S & D common
5
Hydraulic Pressed Brick common——1
17%
16%
31 Vs
•
__
•
(Un)__:
Jan
204
1534
—
(Un)
common
common
35%
al0% alO3)
—
,
25
18%
a
Jan
Range Since Jan. 1.
High
39 %
257
15.
535
14
Vs
1,074
13%,
44%
127
13%
50
43%
44%
35
4%
38%
■44
V;.T3 1
.
43%
Jan
'
-
Jan
l
'North
10%
,
Jan
a__
Shares-
147% 148 Vs
9V2
15
Jan
a51% a53Ts
.
_L|
2
Western Air_-^!__5
Electric
16%
147%
343a
a31% a32%
a52 Va
50c
10
General
Low
—_——1
common
39%
25
*
Mfg
318
class B preferred
& Co (Un)__
a
16%
34%
-
•
Jan
for Week
3
Shoe common
2,135
860
25
Brown
•
2,920
18%
Bldg & Eqpt common
■•■■<■
al3% al3%
—
9c
Sales
Range
1
24%
.
Jan
Exchango
of Prices
..100
Johnson-S
35%
25
,
Tel
General
v
Jan
527
46%
25
Jan
68
533
25
35%
*
30%
28%
46%
7c
_
Bank
25
35%
Jan
23%-
Week's
Par
Jan
28%
25
Jan
10
750
Last
23%
1,648
60c
•
Jan
8c
Sale Price
STOCKS-
Jan
85
-
a28% a28%
a38Vs
Friday
21%
80
35%
Jan
Jan
8c
St. Louis Stock
3,372
1,189
25
'
Jan
Jan
32 Vs
32%
r
8%
'
15%
15%
;
•
2%
55c
'' "•■'
■
•
12.50
& Tel (Un)_.
a9%
—
Jan
Jan
23%
Jan
10
55c
•
1
Brake
Electric Corp
2%
33%
*
—_1
Spring
Air
j Westinghause
8
1
—
:
Mining-—
common
11
Jan
23%
Jan
American
20
page 46.
39%
24%
23%
v
Jan
American Inv
19
(Un)
Jan
Jan
3
Jan
10%
Transamerica] Corporation
37%
68 *
22
Jan
19
Tidewater Assoc Oil Co
152
130
28c
10%
/common
24%
21%
Jan
22%
100
24%
a9%
17%
Jan
33%
574
Jan
17
a38%
Jan
21%
2%
21c
22%
•
Jan
22%
2,600
21%
___»
10
9%
2%
Jan
16%
''.4— ;
42
Jan
Jan ~~
'7
22%
9c
21%
30%
24%
*
11%
*
10
Jan
16%
■
315
Jan
18
com
Jan
•
30^8
9'ii
14%
38
-10
21
1
(Un)!_
24 VH
'-
—5
Supply
Brewing
&
Toy
Standard
t
Fuel
Jan
_____1
Company (Un)
Gulf Sulphur
Co
9%'
26%
Jan
10%
"•
Jan
38%
Jan
a34% 037%
common
4%%
...
Jan
*
Inc
of
98
Jan
a37%
•
(Un)
11%
High
"
13%
22 %
__1
Gas—
Jail
"
A
ill
182
*
corn-
Co
Jan
Jan
8
485
a38
^_25
class
_10
13 3 4
24
Jan
%
27%
300
"v
177s
___1
Company
9%
50
Jan
17%
a34%
Low
25%
Jan
17%
com__25
'
:
see
Jan
75%
1,218
8%
27%
Star
Reymer
Jan
25
750
19%
8%
27%
8%
5
_______
Pittsburgh Plate Glass
Renner Co
jSan
Jan
70c
1,221
:
-Jan
5
19%
300
,
28%
10 %
_5
_____i__________25
6%
Transcontinental &
4%
22'
70c
6%
25
Pacific
4%
1,170
al9
70c
-Range Since Jan. 1
High
10%
—
Mackintosh-Hemphill
100
■
Electric
Lone
14
Low
Jan
2%
26
&
Steel
Jan
25% Jail
2% Jan
4%
for Week
13%
Manufacturing
31%
Jan
23)
Sales
Range
:
Jan
16 Va
127
Jan
' Jan
Jan
5%
Jan
39%
Jan
15
Jan
Jan
13%
Jan
Jan
46
Jan
Jan
Jan
1,
-
-
l\
A
'
1
of Prices,
25%
Duquesne Brewing new common
34
25
25
Week'a
Co
Gas
Jan
24%
2%
.
Columbia
Jan
15
preferred
•
34
'
15
i
Blaw-Knox
'
27%
Jan
i__;__25
7
For foornotes
4%
Steel
Joy
Jan
30
preferred
Preferred
Jan
4%
__
Par
Ludlum
2,183
;
Lie
Jan
Last
) Harbison Walker Refractories
•
Southern Calif Edison
Textron
Jan
17Va
11%
Sale Price
;Follansbee
1
Oil Corp
Socony-Vacuum Oil Co Inc (Un)
'[ Solar Aircraft Co—
Texas
GO'/a
Jan
1
Jan
8%
5
.___
Sinclair
Texas
Jan
Jan
13%
Jan
12%
___.__1.75
Sierra Trading Corp _'.
Signal Oil & Gas Co new class A
Signal Petroleum Co of Cal_
Swift
Jan
10%
:*
;
Jan
125
_1
Co
;
97#
,
& Co
Sunray Oil Corp
jail
51 Vs
16 %
'
20%
1,155
26%
Schenley Industries Inc !_•
&
18%
Jan
57%
•
53
13%
25
common.!
Safeway
Stone
Jan ';•'•■
49 Vs
571
*
Jan
'
.___
Ryan Aeronautical Company
Standard Oil Co
16%
260
200
SO 1
Jan
a8 %
—1
Standard Oil Co
Jan
1,014
1,889
STOCKS—
30
4%
Co
Co
6%
100
_
49%
11%
*
com.
19%
12%
.2.50
Oil
Jan
6%
18%
49%
16%
7
49%
;
a7%
.__
Brands
7%
6%
18
-
Friday
Jan
12%
Co
Mfg Co
9%
Jan
8
240
•7
Jan
a7%
_____
Drug Inc
8%
517
19%
27^3
Corp of America (Un)
Radio-Keith-Orpheum Corp
(Un)_ —1
Republic Petroleum Co common- —_1
Republic Pictures Corp (Un);
_50c
Republic Steel Corp (Un)___l
Richfield Oil Corp
51
-
a33% a34%»
_____*
Radio
Gas
%
19%
0
(Un)__-____r
Standard
Jan
51
60%
•
Improvement
;
Allegheny
45
Standard
57%
459
Jan
16%
10
Jan
1,670
a9%
Co
Jan
Jan
56%
8%
10%
Corp_:._:.________L___l
Jan
142
7
'a9%
(Un)
(Un).
Ry
9%
260
Pittsburgh Stock Exchange
Jan.
Southern
Jan
Jan
9%
59
Jan
Jan
Gas
65 %
50
common
Jail
Jan
165
27%
34%
32%
17%
Calif
Gas
Jan
24
Southern
&
Jan
Jan
So
Jan
Jan
19
32%
:
154
-r
a52% a53%
77-4
I
Jan
4.88 T*
63
Jan
13% Jan
29 %
1678
Oil
20
*
common-
Corp
23%
Union
63
110
11%
•
[United
290
Shell
Jan
Jan
260
Security
106
__1
Co
Jan
16 %
Sears Roebuck
Jan
10
59%
!
common——
Jan
16 %
Seaboard
12%
,
;,'i 16%
_____100
El
Oil
Paper
Oil
2.65
50
St
Jan
106
6%
50
:
common
33c'
130
323a
27%
____25
•
430
:
'
19
25
Pennsylvania RR »Co
Oil
Jan
HV4
"
50
55%
55%
:
common
preference
17
■'&
305
Ranch
div
Jan
2.35
24
Rheem
Jan
150%
"
9%
Rice
Light
Electric
Service
01.40
13%
8%
&
23%
Jan
10
preferred
Public
Jail
23%
Oil
Jan
10
,
Jan
Jan
12%
High;
21 y4
143%
__5
Power &
Jan
32c
,
Jan.
Jail
16%- Jan
4,750
4.4^
18%
'Jan
16%
Corp
Philadelphia Insulated Wire.:——
Fhilca Corp common
"
Jan
"16c
17c
10%
al7
'■
Jan-
12
"
478
1,85.4
8%
•
Brothers
dir preference
*1
Jan
1,210
■
)
Jan
160
LOW
63
63
;
Range Since Jan. 1
Shares
23 Va
-
Jan
Jan
1.70
Motors
Philadelphia
Jan
_____1
Reserve
22%
Jan
2%
10
al6
___
1.05
55%
16%
2.35
Jan
201
_1
-
a__
—
(Un)__2%
Rexall
Jan
106
___*
:
Corp
Pennsylvania Power & Light
Pennsylvania RR
Pennsylvania Salt Mfg com
2%; Jan
1,100
al8
12
1.00
660
%.
14%
a
——
600
1.85
cl
200
1%
1.70
14%
30
1.00
-
Airways Corp
Co
47%
r
High
12%
50
Peunroad
14 %
25
*•
a
Jan
Sales
14/% 148%
%
__50
Co
Battery
National
Paramount Pictures Inc (Un)
Oil
<
13
2%
Jan
585
1%
1
preferred
Pure
Corp
Publishing
Jail
1.40
553
1
Pacific Lighting Corp Common
Packard Motor Car Co - (Un)
Inc
14
46%
Exchange
of Prices
•
18 %
Jan
Jan
14%
al7
25
Pullman
Works
Bankers Securities Corp com
6*77 partic preferred_________.
General
Jan
25%
Ry Co •(Un)__-____100
Co
Locomotive
Letiigh Coal & Navigation
Lehigh Valley RR
8 %
25%
al7%
Jan
Jan
14%
"
Corp
Jan
16%
32
_10
(Un)
1.20
1,700
16% al7%
1.00
i
Pepsi-Cola
23
100
Budd Company
26% Jan
r.0
1
,
6%
1st preferred
5Va/c preferred
Pan American
43%
255
25
8%
1.30
1.70
—
7%
for Week
Low
*
Tel
&
Chrysler
_
389
_*
,
Co____
Clay Products
red
—
1.300
1.30
_____10
5fc
Jan
a
45 %
1
Pacific Finance Corp of Calif
[ Pacific Gas & Elec common
;
31
i.
Jan
53%
25
_5
Ohio Oil Co (Un)
Pacific
13%
—--'-,'77:
Baldwin
Jail
43%
a
(Unl___*
(Un)
Petroleum
Oil
1.25
53%
14%
Jan
26 Va -Jan
Jan
Jim
V
Range
18
a
Jan
6%
a—
26%
Week's
Sale Price
49%
al6%
240
i
Jan
10%
Jan
a
160
a48
Jan
-
a—
Jan
5%
223
46%
,
Par
Curiis
;__1
.*
Co
American
"
v
a
Electric 'Storage
_1
:
Corporation Ltd
Northern
4
a46Va
Jan
(Un)___*
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Aviation Inc
■
_10
Jan
1
;
'North
"
^
9
1
•
'North American
i
(U11.1
9%
Co__i__20
Distillers Prod Corp
York
iNordon
t
Co
Jan
43%
25'4
rj
a
7.
Jan
'
Petroleum
Nash-Kelvinator
i
125
1
6%
•
Biltmore
Mt Diablo Oil
,
a—
'
Monogram Pictures Corp
<7/[New
:
—
8%
Montgomery Ward & Co Inc
j
(Uni__
130
1
Company
Merchants
(
15% al5%
a24V'«
1,937
7
(Un)—:
Angeles
Mascot
v
10
45
a'24%
•
7%
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Inc
Magnavox Co
?
210
a
alO
5
jMenasco Manufacturing Co
-
a—
10
a5%
al5%
_
6%
10c
Los
r
40
10
a5%
a9%
*
Company —.—;
McNeil & Libby (Un)
Loew's
b
alOVs al0%
—
6%
Lockheed Aircraft Corp
i
77%
41
alO
Lincoln Petroleum Co___:._:
'
Jan
Jan
Delaware Power & Light com—i__13%
Lane-Wells
Libby
j;
69%
®
County Land Co
.—
39%
'
M
Inc
Jan
2% ,Jan
a__
2,573
_1
Corp
Jan
"7,854
Friday
Jan-
10
Jan
13%
(Un)-"
Can
2%
a__
41
Jan
Jan
13
Jan
10
(Uni
Tel
8
___»
Corporation.
Jan
'."712%
Jan
77%
_
(Un)
Motors
W)
American Tel
Interlake
115
a 42
Stock
Jan
Illinois
130
V«
11%
71%
__o
Jan
——
2%
a41V4
Jan
27%
Co
150
39%
Jan
4%
Car
12%
a
39%
Jan
Jan
114
Jan
3%
Imperial Develop Co Ltd
i
12 Va
Jan
86
Jan
Jail
30Va
Jail
85
3,575
Jan
Jan
41 V»
a__
7
2%
4% Jail
•
Hupp Corporation
'
28
133
7%
20%
.
Jan,
' ..ti¬
-■a:
10%
1
Motor
Jan
Jan
45
39%
350
—
•
■it.
(Un)
(Un)
39%
5
Hudson
■
Co
Jan
Holly Development Co
i
Tel
38
1,145
931
86
86
—1
444
12
29%.
Jan
77 Vs
Kamp,\s (H Dt Bakeries
%
59%
:'
Jan
20%
'
-10
Western Air Lines Inc
a
40V4
28
„J
_10
Co_:
7%
Hilton Hotels Corp
-
(Un)
Corp
Oil
Jan
11%
11%
3
common
States
de
„
6%
170
1
'
4%
310
—
r
High
300
a23 % a23%
23%
-10
________
39%
86
a
LOW
6 7«
20%- 20%
7
28%
_50
—5
Rubber Co
30
a41%
65c
(Un)
(Un+w——
1,241
59%
__5
__
United
Universal
—
(Un)
(Uh)
5
a38 a39
10
(Un)
Jan
Jan
States
■
■.
\
7 Range Since Jan. 1
Shares
High
67a
■
common- .23
(Un)
310
10% all%
a
*
(Un)
57Vac
305
2,600
Co
4%
1
(Un)
a__
a__
RR
Low
u
m".-,'*
s
for Week
oi Prices
•
*
(Un)_
Sales
Range
•'
1
Corp
California
306
Bk__100
Corp
65c
Corp
United
Jan
a22% a22%
Aircraft Corp
United
Jan
430
Pacific
United
of
United Air Lines Inc
Jan
12%
65c
Si Carbon
Oil
Union
'
■
20 V*
Carbide
Union
'
a'__
—
Union
13
2
class
360
9%
11%
(Un)—_*
Nat'l
Util Corp
Co
Jan
8%
Goodyear Tire & Rubber Co common—*
'Great Northern Ry preferred (Un)
*
Hancock
27
13
Corp
(Un).
Corp common
•Greyhound Corp
Jan
Jan
7
21 %
I
Radio
Co
9
25
11%
A
Merchants
Electric
155
Tri-Continental Corp (Un)_
Twentieth Century-Fox Film
('
f
Week's
Last
Sale Price
Par
Jan
—5
(Un_
Corporation
General
55%
398
a22%a22%
f'
High
Jan
4
Co.
Light Corp
Tele Jb
55
a53% a53%
l5Gc
Corp
Ltd
Co
8%
___1
■;
<■
STOCKS—
25%
7
___
Lic___
Electric Bond Si Share
99
*
Inc
Low
150
v.
Friday
v"'•
-•
.•
Range Since Jan. 1
:'
i'
'
'
-
Shares
High
25%
*
___
_
9
5
—
Class A"—;
Sales
for Week
a52% a54%
1
Zellerbach
Douglas Aircraft Co
Low
5
Inc
Range
of Prices
Par
'•
Creameries of
...
Sale Price
Continental Oil Co ( Del)
;;
Wwk'i
*
Last
STOCKS—
1
/
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
Number 4773
Volume l69
(525)
STOCK EXCHANGES
OTHER
RANGE
FOR WEEK ENDED JANUARY
'
28
Week's
Sale*
Last
Range
for Week
Sale Price
of Prices
Friday
San Francisco Stock
Par
Air
Reduction
Alleghany
Co
Corp
(Un)
!IIl
—
American
Airlines Inc
American
Factors
Vsi
a2
1
(Un)_.
Power
&
Radiator &
Amer
(Un)__
Light
Stan
a2%
65
2%
Jan
2Vb
350
7
Jan
8%
Jan
Matson
20%
258
20
Jan
Jan
McKesson
American
Viscose
Corp
American
Woolen
Co
Anaconda
Bank
Armour.<fc
Atchison
Atlas
Corp cl A (Un)
(111)
Co
&
Top
(Un)
(Un)
Engine
Santa
Imperial Diesel
Mfg Corp (Un)
Avco
Baldwin
Locomotive
Bandini
Petroleum
Bank
California
of
Barnsdall
Oil
Co
Bendix
Home
14
370
13%
Jan
14Vb
Jan
53'A
345
53'A
Jan
53%
Jan
Mindanao
Jan
M
A
149%
Jan
324
36%
Jan
37
Jan
Montgomery
34%
Jan
Appliances
Monolith
36%
Portland
34
693
33%
30 Va
1,376
28'A
Jan
30V2
Jan
Nash-Kelvinator
6 Va
300
6'/a
Jan
6 Va
Jan
National
7%
Jan
7Vb
Steel
107
101%
130
5 Vb
a
5
CVe
5 VB
6%
7
4%
Jan
G%
726
.1
*,a—
-
Linen
Natomas
100
340
354
76
-j
a45% a45%
50
a„
a32% a32%
alOVs alOVa
70
•
11%
11%
2.45
2.5.1
2,108
2,050
10 Va
2.45
a41 a41 JA
155
.Calaveras
i
Cement
Co
California
{
Co
Ink
Caterpillar
Jan
50 Va
25'A
.7%
7%
7 Vb
7%
6 Vb
7%
6,435
7
7%
410
—5
a45
35 Vb
a
47
al3%
al4
Oil
Chemical
4
'
Natural
Gas
l
Creameries
7
5%'A
7Va
Jan
5Vo
1st
5Ve
34
Jan
36'A
Jan
14Vb
Jan
Crucible
Curtis
1.80
Jan
1st
Jan
34 Va
54%
Jan
8Va
30%
Jan
32%
Jan
:
y
'
92
540
Light
Public
B
preferred
Dumbarton-
-
200
33c
1,100
a29%
a29%
a30
95
30
30
13'A
100
28
13
250
13
5
5
__
__
Dorado
Capwell
Eureka
Packard
(Un)_.
Co
Motor
Paraffir.e
Paramount
Jan
350
5 Vb
Jan
8,646
30%
Jan
32%
1,702
34
Jan
35Vb
Jan
331
31
Jan
32%
Jan
C 28Vb Jan
29 %
Jan
-
58
52Va
22%
Jan
Jan
43 Va
Jan
Ry Equipmt & Realty Ltd pfd
10%
Jan
Rayonier
10
9%
Jan
100
7%
Jan
8%
8%
Jan
9%
25%
.1,581
24%
Jan
27Vb
Jan
96%
97
95
Jan
97
Jan
a7V»
— —
97
a22% a22%
y
^
]
.'-V;
8l%
....
a7
,
11
631
•
7V«
Jan
7.%
y
Jan
75c
'
Y5c
400
73c
VL»
12
203
11 Va
,11 Va
11
CO
60
60
27%
27 Va
10
28 V«
>
:2;411
a48 Vb a50 Vb
5%
I.
5 Va
-200
45
500
5%
_10;
•"
14
14
14 Va
12%
"
37%
!
a_--,
219
Incorp
common
Holly
-
••
-
Jan
60
Jan
Oil
Riverside
Jan
Cement
Corp
^
Jan
5%
S
&
Oil
]'i!,
Jan
y
Jan
al7
9%
500
;*
a50% a51%
14
14
56% 56%
305
a—
1U0
14
Jan
15
236
56 Ve
Jan
56%
Jan
1,550
19 y
Jan
V;30Va Jan
21%
Jan
31:,
Jan
al6%
9Va
—
9Ve
—
-
•
:
'
—
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14 Vb
Jan
13
Jan
39
Jan
12%
—
-—
%
1,500
i«
Jan
Jan
yV
Car
Motor
Idaho
Power
4V8
4%
5
4,875
4%
Jan
7%
J&11
24'/a
24%
24 Va
499
24 Vb
Jan
28%
Jan
International
5%
5%
Jan
6 Vb
Jan
4.32%
39%
Jan
4.56'A
Va
414
39'A
999
6
Johns-Manville
,
Kern
125
Jan
Jan
28%
Jan
Jan
33%
Jan
25 Vb
Jan
35%
Jan
19
29%
803
23%
24%
500
8c
31
■39 %-
5
——
'
;
!>■:'
20'A
21 %
15
(Un)
—
25'A
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/
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16
16%
57%
Jan
60 Va
Jan
al8
12
12
12%
804
-
Jan
16'A
Jan
12%, Jan
Jan
00
140
59
a62%
60
a__
a44% a45%
173
44
a2%
a2 %
Ve
a2%
70
a41% a41%
10%
515
a__
■
a26%
1
—
-
Jan
Jan
Jap
25 V4
ii
245
a—
16% Jan
Jan
12%
Jan
19%
Jan
9c
Jan
Jan
7c
Jan
27
Jan
a,; ;"v: Al¬
30
Jan
31
Jan
38%
Jan
"39 Vh
Jan
35
Jan
38%
Jan
830
20%
Jan
1,612
21%
Ja.n
23%
Jan
16%
Jan
17
Vb
Jail
-*39a210
22
23
17
911
25 'A
25%
1,621
30%
417
35
20 V*
21 %
16%
-.24
Jan
•
25% Jan
26%
30VB
p
Jan
29%
Jan
Jan
a__
a25% a25%
88
28
28
278
28
Jan
29%
Jan
29 3b
29 Vb
200
29
Jan
293b
Jan
35 V2
35 %
85
34'A
Jan
35%
Jan
46 'A
'7
a
48
52
46 Va
Jan
49 7A
Jan
a26% a27%
164
27
Jan
27 %
Jan
a7%
5
a..-
Jan
7%
•
Co
Swift
a__
&
Texas
a__-
Jan'
Co
Oil
(Un).—
ol
N J
-•
Calif
of
al8%
-
62
*•
(Un)
25
Corp (Un)
—
«
1
■
a.,.
170
19 %
Jan
20%
Jan
61'A
65 Vb
3,053
61 %
Jan
67%
Jan
-71%
72 >4
754
71 Vb
Jan
72'A
Jan
20
20
170
19'A
Jan
20%
Jan
a31% a31 Vb
50
al8V8 al9'A
—
25
(Un)
Co
--
-
—
—
'
a
a...
Jan
44
___
.
10%
Oil
Inc
Brands
Studebaker
—
a
common-:——*,2
Standard
Jan
61
a__
a__
60
10 VB
A6%
•
Corp
Standard
59
a41
19%
30%
X 23% Jan y'V .'.'25%
20
31
39 VB
35
preferred
conv
conv
Spiegel Inc
a
a61 %
44%
Jan
Jan
15%
11 %
254
al8
Jan
Jan
27,400
30 Vb
<
•
Southern
1,181
Jan
35%
18%
•
■
100
a13
19%
7c
__
*
J5
—
Southern
59%
26%
./
25
288
27'A
.
'.
(Un)__50
Cement
Jan
59 %
Jan
25
Jan
.25
40
al3
Jan
—
11 Vb
Tide
Jan
(Un)
Company
Ass'd
Water
Transamertca
13%
•
18%
Jan
1
3%
4%
900
3%
Jan
4V'b
Jan
5
5
100
4a
Jan
5%
Jan
.64
1,872
Jan
66%
Jan
United
2.75
25
common
Corp
—
a52%
Jan
54%
10
—
Oil
23%
23%
24VB
1.994
23
Jan
25%
Jan
10%
10
10'A
4,797
10
Jan
11%
Jan
10%
10%
11V4
500
10%
Jan
11%
Jail
38%
38%
565
39%
Jan
41%
Jan
?q%
2«%
964
29
Jan
30
Jan
2
5
y
a
404
52 a53%
52 Va
Jan
Jan
Jan
Jan
00
00
2.75
1
*
(Un)__1
60
Union
2.75
155
2.75
Jan
Carbide-&
Union
Oil
Union
Sugar
al2%
12% al2%
70
13
10%
10%
180
10
1.95
a
1.95
2.00
1,600
1.90
...
'
Steel
13
Jan
Jan
10%
Jan
Victor
Jan
2.20
Jan
Waialua
Universal
of
Carbon
Calif
Lines
Air
Jan
1
Co
Corp
„—,—25
—12%
.10
Inc
common.—
Consolidated
Agricultural
Co ——
Warner Bros Pictures (Un)
32%
32%
180
22%
Jan
32%
Jan
—33%c
8%
9
455
8%
Jan
10
30%
30%
187
30%
Jan
31'A
Jan
Wells
•
9%
9%
740
Jan
9%
Jan
1334
--
-
Westates Petroleum com
all vb
72 3
•
29%
4
39%
13%
677
13%
Jan
13% "Jan
al2J/4
115
10%
Jan
13Vb
Jan
78'A
8,340
69%
Jan
78%
Jan
1,112
39%
Jan
41
Jail
41
9%
Jan
9
Jan
—I
20
0
<1
27%
27%
—5,
10
10
100
279
1
1
91c
91c
1.00
720
Jan
1.15
Jan
6%
b%
7 1b
1,7.-rt
6 Vb
Jan
7%
Jan
22%
22%
100
22%
Jan
22%
Jan
a6
a6
so
Jan
6%
Jan
35%
?D5
184
27 Va
Jan
28
Jan
10
550
9%
Jan
10%
Jan
281
30
•-
Jan
(Un)_*
—
,.10
Oil
Co—
Equipment
38%
(Un)——•
com
-20
(Un)
a38% a38%
*
(Un)_
1
(Un).
7
75
7%
2,379
a51 % a54%
504
43
.——in
—
page
46.
32
,
i
see
Jan
8Vb
57
Jan
100
19%
15%
Jan
(Un).iT.-Ta...,,
footnotes
14%
-28%
871
7c
41%
7
For
-
Jan
25
5
—,_P10
Jan
Aircraft Corp ^
Inc
v,.A
v,«»$
• -■
7% Jan
,
Jan
Libby McNeill & Libby—
Lockheed
i
4
preferred
45%
1,624
9
38%
7
Jan
Jan
39%
Preferred
Jan
West Indies
Jan
55%
Jan
46 %
Jan '*
8
Vb
32
8%
73
676,
32
8
Jan
Jan
32
-
*,
Western
8%
Western
Jan
(Un).——
1
17%,
100
103
Jan
17%
14%
220
14%
Jan
14%
Jan
common,
common,
—*
*
Union
Telegraph
(Un)__
:
Woolworth
(F
W)
(Un)
-10
Jan
276
87c
6
15%
Jan
al5%
.,.
--
Jan
281
Jan
16
3 6
8r>0
a29% a29Vs
15%
^^_50c
RR
Pacific
70
a._
a
al538 al5Va
16
a
a.*
24 'A
^7%
_
24
24%
47
% Jan
:
—
26%
'
—
Jan
T*.
Jan
14%
Dept Stores
Westinghouse Elec Corp* (Un),_,—12 Va
Jan
17%
•
22%
——1
Sugar
Jan
43
(Un)
Western Air Lines
Jan
9
55%
Fargo Bank & U T
(Un)
Western
Loew.'s
,
Jan
33%
70
50
14
43
Co—.
Jan
.a~-y
50
35
41%
County Land Company-IIIIIlls
Salt
Jan
y
26
200
a51%
Leslie.
9%
12% Jan
a5%
330
17%
of. Canada
Corp
Jan
8% Jan
y'
25%
14%
_*
Copper
'
a5%
41 %
Jan
12%
Kaiser-Frazer Corp
Kennecott
17%
200
,19
14
G.66%
Corp
24
Jan
26%
25
.*
41'/a
5%
38
100
Coj—_
International Tel & Tel
20
Jan
a36% a36%
26 Vb
—25 >; a25:%
-25 28
preference
15
California Gas pfd ser A—25
35%
39
•
508
I
Nickel
Jan
Jan
350
—
a3G%
23%
^
J'
■
—20
*
Exploration
Independent
Jan
16%
1 v
Calif Edison Co com
Southern
18%
Mines Corp
—A_A
Co
70
33%
33Vb
10
Inc
Socony-Vacuum Oil
Soundview Pulp Co
13%
Hunt Foods inc
Maryland
Jan
9 %
18
.
1,619
—
(Un)..4
—•—
Mining—
Portland
Cruz
18%
Plaintation Co
Idaho
4%
23%
864
12% 13Va
8%
8%
50
57
a28)a. a29%
—
Signal Oil & Gas Co new class A
Sinclair Oil Corp (Un)
U S
Hudson
Jan
138
'
19
•
A
claas
Co
Sears, Roebuck & Co
Shell Union OiL^
'
Honolulu
Jan
374
:—1
Foods Inc
Stores
Maurico
13%
Pineapple Co Ltd
Honolulu
8%
1
W Fine
Safeway
*
Inc—2
(Un)
Corp—A—
Jan
245
..
Jan
45%
-
Jan
35%
*
Sugar Co
Jan
265
1
•
10
——
Go
Aeronautical
Ryan
San
12% Jan
13'Za
100
2,184
!»
ii
•
.Development
Honokaa
Jan
4
24
25
Richfield
a__
44% "Jan
10o
Stores
Bros
Jan
91%
135Va
19 Vb
1 *\
Transcontinental & Western Air
Hawaiian
95%
45
225
18
—100
^
1
Rheem Manufacturing Co
28% Jan
Jan
.
5'/a
625
12 3 4
35 Va
1234
.
Hale
Jan
23%
__
• ;
Republic'Petroleum Co
Republic.Steel Corp (Un)
'"B" (Un)
Jan
12%
Jan
42
r; 27'/a
43
45
—
a
Jan
Jan
25
—
(Un)_—•
Reynolds Tobacco
Jan'
.12%
Jan'
11V4.
—A.
15
(Un)—*
Graham-Paige Motors (Un)
1
Great .North Ry
non-cum pfd
(Un)_*
Greyhound Corp
3
58
16%
Jan
.
•
cap
Preferred
Jan
75c
Jan*
320
7%
8Va
.
Jan
11
_5
Goodyear Tire & Rubber com
Jan
Jan
Vb
a—
a
41
Va
8Va .;
*
(Un)
Jan
8%
:,_25
(Un)—
Corp
Standard
Co
104
Jan
25 VB
Radio
Jan
320
—
Ft
Jan
19
20
* -Ar--a29% a30V8
Jan
22
•
(B
i;
Jan
8%
50
—33 V3
(Un)
Puget Sound Pulp & Timber
Pure Oil Co common
(Un)
Sperry
preferred
54
•
of America (UnU
Radio Keith Orpheum (Un)—
42%
10
4%
Jan
103 Va
31
Jan
28%
Jan
.1
,
%
Goodrich
■
53
554
95%
138
4
8%
—
•
common
27Vb
2,935
94
137 Va
'
4
95
1
<Uni
Pictures
Jan
9%
II
State Co Ltd
:
Jan
—
Companies common—v
4.48%
Golden
.
-
•
Jan
7%
•
preferred
/
...v.:
100
4'/b
a9%
'
—4r
360
.
53
104
103 %
Jan
6
5%
32 Vb
52
44%
130
_5
__
2nd
Jan
35 %
32%
28%
28'A
24
Jan
Jan.;--,
96 Va
10
53
Philippine Long Dist Tol Co__——100
a__
'%
Conv
Jan
5
Jan
16
(Un)
Pennsylvania RR Co
Pepsi Cola Co (Un)
25 Vg
—•'!'-
28Vb
27%
(On)
com
Jan
9%
'.
Corp—-
(Un).
Jan
13 Va
,: Jan
4%
220
Jan
025
y
28%
27%
—z.100
Jan
7%
——
Co
Corp
Jan
30
371
com—
Jan
-1
Food
33
Jan
1,560
—
American Airways
.10
General
Jan
Va
Jan
h95b
«
•
cooi-
Corp Ltd
31%
16
Jan
22j/H
9 Vb
»
Works-
Oil
Products
Jan
Jan
25
4%
710
r
__
5%
31 Ve
34 Vb
31%
__
4
Tel
&
Tel
Preferred
Santa
Electrical
2.65
33c
16
26V*
150
22-(u
(Un)_
Bridge jUn)————
Emporium
y —.;
Jan
50
"
El
a
•
Jan
2.35
_24%
Jan
270
1
'
—-
Jan
a44% r45%
u44%
.II
J
Jan
.
32c
24%
3%
4%
4%
——
of N
: 50.
\y
2.35
*
A;
Phillips Petroleum Co
42%
42%
4 Vb
1
—
"''Eastman Kodak''Co1
a__
16
Phelps Dodge Corp
25%
26%
A-_*
Domlngue? Gjl FieldsiCo. (Un)
Dow! Chemical Co common——
•?.
59
56%
Jan
::v.V-539
26%
_1
„.i-y—
10%
270
•
Jan
■■■
310
3%
*
$3
Jan
;*
•;
(Un)—10
com
'
,
'
—15
common
11%
12
10% lOVa
al6 al6l/2
;
5%
Roos Bros
Class
Jan
34%
common.,.
preferred
22%
Jan
:t
a
Jan
3%
Service
IIVb
22 %
36
10%
2%
25
class
A
12%
32c
•
*
42 Va
160
'
11 VB
pfd
Portland Cement
19
1834- Jan
4—..—_-5
cl
Corp
Jan
32 Ve
common
18 %
Jan
16V«
495
11 Vb
1st
Corp
26%
Jan
25 Vs
350
•
Corp I Un)
Fruit
12%
12
2.35
5
___—
45
44% Jan
31
26 Va
preferred
57%
Jan
53%
625
56
19
Publishing Coy(Un)—»
Giorgio
Jan
710
—A
25
preferred
$5
Jan
32
40
a43 a44>A
_2
Di
Jan
10%
32c
25
25
—25
25
common
preferred
Jan
8Vb
375
"~A
22%. 22%
of .America
Co
Jan
6%
Jan
■
Jan
1.30
18%
•
Steel
18%
Jan
10%
;
20
1st preferred
Pacific
2,600
18%
Preferred
Curtiss-Wrighc
Jan
6'A
100
Jan
13'/a
18%
Inc
Amer
18
383
.t
*
(Un)
redeemable
a—
a—
...
1.65
25%
—5
of
1,065
——
Aggregates
Jan
Pacific
*
Continental Motors, (Un)
;
class A
Electric
&
7%
*
Vultee-;'Aircraft
Consolidated
■
Co
Coast
1st
Jan
u22% a22 Va
(Un)
Co
18'A
0%
10%
1
1
——
Sugar
Gas
55 Vb
Consolidated Edisun Co of. N Y (Un)—•
Cons
.
18
6%
•
Filters
:.
6%
20
-
Ind
Jan
12
20
(Un)
Co
B
Pacific
30 V2
2%
Consolidated
Jan
11
10%
1
——.
Jan
Jan
cl *A—2%
Consolidated Goppermines
15%
Jan
__
•
(Un)
(Un)——~
Co
8
2 9'A
a43
Gas
y
Jan
10%
__
*
Petroleum
United
55 Ve
a31% a32%
a31%
54%
common
■I.
14%
280
Jail
148
33
10
.
25
10%
10%
14
1.45
3Vb
Commonwealth Edison
»
al4:,8 al4%
__
10'A
1
,i
Cons
Ltd
Co
Oil
Jan
.
85
...
a7%
System ,(Un)_x^
Commonwealth & Southern (Un)
'
Jan
Jan
11% Jan
245
1.50
2.50
System
52 Vb
21%
11%
29%
33
1
Class B
Columbia
Jan
Jan
11%
Sugar
Jan
7
12
1,015
"
a53% a54%
a7%
——;
Broadcast
Columbia
1,625
Jan
Pacific
Co—
Iron
Jan
4
Jan
4
52 Vb
20
245
21
20
Jan
Pan
&
104
4
a53-yB r55Vb
60
Jan
25
-
Preferred voting trust ctfs
Fuel
Jan
Jan
Jan
•
100
(Un)
Paul & Pac—
Preferred
Jan
22c
49%
29%
a53%
•
Common voting trust ctfs___
Colorado
35c
Jan
1,664
Jan
2,070
36 %
13'/a
a
—*
25
4
a47
35%
——*
Mining.Co
Chemical
Jan
20c
56
Onomea
Jan
1
1
Clorox
22c
1,400
Jan
Jan
•
Chrvsler Corp
——
Cities Service Co (Un)—•
4
4
Jan
24,650
49'A
Class
—!'
a—
a—
25'A
Chesuueafce & Ohio Ry
►
20c
49 %
Oliver
50 Va
Central
Chicago Milw St
Jan
2.10
Jan
10
American Oil
Pacific
...
1.75
33c
1.75
11%
Ohio
319
•
\
■'
a__:
24
J«*
Jan
265
A
«
Jan
10 3A
Jan
25 %
Tractor. Co
Eureka
'
24
161
Jan
50 Va
Celanese Corp of America
;
a__
11
2.60
Jan
25 "A
,
_—
1*
■
Jan
50%
California Packing Corp common
Canadian Pacific Ry (Un).—
\
1.80
35c
22c
—
10%
Oceanic
;.
25 %
—5
California Cotton Mills cap__
<
Jan
550
„
•
(Un)
Corp
Aviation
Oahu
Jan
——*
_i
12%
-i.
14%
Jan
32%
20
(Un)
Sugar
Jan
al6
Pac
Calamba
Jan
12
1,985
common.(Un) —10
North American Investment com—^100
22%
Jan
22 %
a22% a22%
.
Jan
11
lOu
,
%_
'
S
(Un)
RR
American
33 Vb
Jan
33 3A
15
Corp
23%
Jan
24
"
33c
_x
i.—_
North
a— ;■
32%
——5
Byron Jackson Co
20c
American Co
North
Jan
34 Va
Jan
%
a„
Jan
a—
:■
Central
Y
North
—
355
Jan
32%
30
13 Va
2.50
Borg-Wurner
Jan
10%
Jan
3Va
Jan:
319
1
(Un)
23 Vb
37
24
1.75 *
•
(Un)—
Prod
Company
a__
'
3%
3 Va
340
National
Jan
7Vz
Jan
3%
2
Borden Co
-
'
10
Service
Jan
102
N
11% allVa
T
Bishop Oil Co
)
Jan
12%
:
'
(Un)J—^
(Un)r.:
Co
Corp
5%
Jan
102
500-
Vb)
Blair
(Un)-.:
&
Co
Distillers
National
100%
32'/a
Holdings Corp (Un)
Boeing Airplane Co (Un)
24
P10
Fibres
Auto
Occidental
Bethlehem
18
Jan
,
a7%
a7%
a32%
Cement
Ward
Jan
30
—33
Mines—t
Lode
Morrison-Knudsen
a
<
a
Jan
130
61 VB
6 %
5
(Un)
Corp
Jan
61 Vb
a7%
High
a
18
12
a32%
—
1
„—
„
143%
33%
5
18
Cons '(Un)———1
M
&
40
30
a
(Un)
Inc
Co
Mother
M
2,373
36%
100
—
Mfg
&
J
147% 147%
;A——j——__1
(Un)-_
Aviation
Bendix
13%
(Un)___13
N
8Vb
100
53%
100
2.50
3
Fe
Low
25
349
,
12
Inc.————10
Co
at)2 % a62 V2
50
20
5
—5
(Un)
Cooper Mining
Arkansas Nat Gas
8%
•
(Un)
Co
Robbins
&
Frank
&
13%
•
California - National
Anglo
—
—
1
Jan
Menasco
14
(Un)
Meier
8s/b
Jan
Navigation
53%
•
(Un)
22
"
8%
(Un)—•
.100
v
^
Range Since Jan. 1.
High
a32% a32%
al6% al7%
23Vb 23Vb
alO
alO
—
a 16%
Co
-
Shares
Jan
8'A
•
(Un)
San
American Smelting & Refining
American Tel & Tel Co (Un)
a__
J, J.—
a—
VB
8
y
American
90
20%
20%
—
High
Low
High
Magnavox
a2%
8'/B
-20
(Un)__-
Ltd
Low
"
1
Marchant Calculating Machine —5
Martin (Glenn L) Co
1
Macy & Co R H com
Range Since Jan. I
Shares
a21 Vb a21%
Low
Par
for Week
of Prices
;
•
(Un)„
I
STOCKS—
Sale*
Range
Last
Sale Price
STOCKS—
Exchange
Week's
Friday
v
■
-41
595"
44%
Jan
471a
\ '
Jan
P;!
£\
142
(526)
COMMERCIAL
THE
X
&
CANADIAN
FINANCIAL
CHRONICLE
MARKETS
LISTED
FOR WEEK ENDED JANUARY
RANGE
Monday, January 31, 1949
28
Friday
Montreal Stock
Exchange
Week'®
Last
Range
Sale P(ice
Low
Par
;V- '■
.
Abitibl Power & Paper common
$1.50 preferred
Sales
Shares
16'A
16%
20
Low
16%
20
20%
Acadia-Atlantic Sugar class A
Agnew-Surpass Shoe
•
24 %
15
1,395
19%
24%
235
21%
9
9
25
8%
Jan
784
•
54
54
54%
Aluminium
•
59
58%
60
25
25%
25%
26%
Asbestos
(J
Bathurst Power & Paper
Bell Telephone
Rights
Bralorne Mines
Brazilian
25%
Jan
26%
Jan
Saguenay
75
44%
Jan
47
Jan
St Lawrence Corp
6
Jan
100
68
68
50
68
Jan
68
Jan
25%
26%
433
25%
Jan
26%
Jan
12%
12%
100
12%
Jan
12%
Jan
•
22 %
22%
23
605
387/a
38%
39%
111
1.10
1.14
6,942
149,744
8.65
8.65
100
18%
19%
1,861
Ltd
*
Light
&
_!!•
Power
18%
British American Bank Note
Co______*
American Oil common
•
Preferred
12%i
British
British
Columbia Forest
Products
British
Columbia
Corp
Power
2nd
St
A—*
cl
2%
26
26
3
"I
23
Jan
41%
1.21
Jan
,8.65
Jan
8.65
*
»
100
5
5
18%
Jan
19 Va
Jan
12
Jan
32"%
32%
33
Jan
24%
Series
Sicks
25%
II
Canada Northern Power Corp
25%
Canada
5%
Steamship
3
15%
5
Jan
Jan
'
common
Jan
Ltd
Press
Class
Breweries
Jan
Co
7%
•
13%
16%
*
13%
22
common
16%
21%<
25
series
Canadian
a36 a36 %
20%
3,148
37%
14%
1,446
16%
26 %
28%
29%■ Jan
Jan
14
Jan
5%
Jan
Canadian Locomotive
Canadian Oil Companies
Canadian
Pacific
Cardy Corp Ltd
Cockshutt
Consolidated
Consumers
Crown
class A
Mining &
Smelting
&
Davis Leather Co Ltd
Distillers Seagrams
class A—
14%
Jan
Walker
Weston
35%
Jan
36%
Jan
19
Jan
20%
Jan
Dominion Coal 6 %
7%
13%
Jan
14%
5%
Jan
Zellers
Dominion Tar & Chemical
Jan
39
Jan
21%
Jan
22
Voting
trust certificates..
preferred
Dominion Textile common
7%
95
46%
Jan
46%
Jan
26%
Jan
27
Jan
Electrolux
common
Gatineau
General
Power
common
General Steel
Wares
Gypsum
&
Bridge
1
Corp
162
Jan
7
Jan
6%
Jan
100
,'4;
1,075
4
60v
<
26
'V
_
23'A
23%
.
Jan
,16%'
Jan
27
:<
Jan "
28%
Jan
50 a :4i2 3-4:. Jan
23'A
99%
70
99%
926
31%
Jan
100
98
98
43
—25
10
the
98
Jan
98
Jan
150
25%
41
Jan
43
Jan
210
'r
25%
Jan
25%
Jan
20
20
165
20
Jan
20%
Jan
23
23
23'A
1,250
24
Jan
25%
25%
26%
811
23
25%
Jan
10
Jan
26'/a
Jan
10
35%
35%
35%
170
35%
Jan
36
Jan
10
25Va
25
25%
25
Jan
25%
Jan
__
13
100
12%
Jan
13
Jan
2,246
15%
Jan
17%
Jan
Jan
9%
Jan
13%!
Jan
14%
Jan
Canadian
122%
Jan
Friday
Scotia
12
1,210
115%
118
1,430
116
Jan
25
25%
245
25
Jan
■30
Jan
35
35
65
35
Jan
35
Jan
23
35
23
Jan
23
Jan
4,085
16%
Jan
18%
Jan
Acme
35%
34%
38
9
12%
STOCKS—
*
Jan
:/435:4:
Jan
Jan
20%
Jan
Atlas
Jan
Bathurst
26
Jan
26%
36
Jan
38
34%
Power
&
Paper
Jan
Belgium
16%
17%
17%
Jan
Brandram
24
24
50
24
Jan
24
Jan
Brewers
24
25
1,175
21%
Jan
25
25
250
21%
Jan
25
Jan
21%
21%
21%
177
21%
Jan
21%
Jan
11%
11%
11%
2,225
18
12'A
Jan
12%
Jan
Jan
6Va
Jan
17%
17%
12%
6
1,075
-
110
6
5
160
160
160
160
10J/8
10%
11
85c
95 c
12
al2
15
11%
<>Jan
Jan
14
Jan
14%
50
Jan
11
Jan
15
Jan
11%
Jan
12%
80
11%
160
Jan
Jan
14
1
14%
Jan
10%
4,500
100
••
*
Lewis Bros
Ltd
24
4,718
16%
Jan
Henderson
&
Disl
Columbia
British
Class
Packers
Ltd
cl
A—*
__
1
3%
100%
6
common
Jan
12
165
Jan
165
Jan
,25
Jan
25%
Jan
Canada
16%
16%
25
16%
Jan
17
Jan
Canada
Malting Co Ltd
14
14%
90
14
Jan
14%
Jan
Canada
Vinegars Ltd:
15
15%
680
15
Jan
15%
Jan
Canadian Dredge & Dock Co Ltd
141/4
26
26
Jan
27
Jan
Canadian
Gen
Jan
28%
Jan
Canadian
98%
Jan
17%
Jan
17%
Jan
Canadian
Ingersol
Rand
Jan
2%
Jan
Canadian
Marconi
Canadian
Pow .&
110
14%
14%
305
a52 % a52%
125
33/4
2
14%
,52.
Jan
15
Jan
Jan
52%
Jan
Jan
17
Investments
16%
8%
16%
545
9
305
129%
30%
a47
a47
51
•
51
•
25
27%
28
150
103
Jan
23
Jan
Jan
50
Jan
13%
Jan
13%
Jan
27
Jan
28 %
Jan
•'-■417
17
17 Va
210
21%
21%
1,612
176
176
176
372
171
17
V5-77
■
77
77%
1.75
1.80
com..*
2
2
11
11
50
17Vs
Jan
Jan
22
Jan
176
Jan
81
Jan
Jan :-
1.75
11
McColl-Frontenac
165
22 Va
220
75
9%
Jan
7%
3%
3%-,
1,825
3%
Jan
Jan
56%
Jan
Canadian
*
a51
a50
a51
6
•■v51-
Jan
51
Jan
34
4 Jan
preferred
100
Westinghouse Co
19%
Jan
Jan
14Va
Jan
Chatco
Jan
25%
Jan
Chateau-Gai Wines
7
6%
7
375
Claude
*
20%
20%
20%
761
83%
83 %
30
83%
Jan
8%
8%
440
8%
Jan
6%
20
6%
Jan
Jan
Preferred
Jan
Commercial
85
8%
24
24
10
34%
35
1,572
53
53
55%
3,835
53%
Jan
58
11%
11%
12%
41,194
11%
Jan
12%
•
common
Jan
see
page
Div
Preferred
Sec
Stand
9
55c
30c
60c
4,541
25c
Jan
60c
92
54
100
1,010
54
Jan
100
•
5%
5%
5%
110
5%. Jan
6
•
7%
7%
50
cl
Lithograph
Jan
59%
Jan
Jan
15%
Jan
Consolidated
5%
Cub
.
A
'
Mfg
65
35c
35c
*
16
,16
• 1
Ltd
Corp
Textile
Mills
preferred
17%
50
35c
,
110
6
Jan
23
Jan
Dominion
28
28%
725
28
Jan
29
Jan
Dominion
£19
5
19
Jan
19%
Jan
Donnacona
14%
Jan
15
Jan
Eastern Steel
14
Jan
14%
Jan
Fleet
Manufacturing Ltd
Ford
Motor Co of Canada class A
Jan
Great
20
15
14
50
;
420
110
22%
Jan
,;v
7
95
300
125 *
6%
Jan
94%
Jan
110
7%
Jan
95
Jan
22
21%
22%
1,606
21%
Jan
22%
Jan
14%
14%
2,757
13%
Jan
15
Jan
17%
17%
45
II
35
35%
515
20%
20 V,
22%
1,845
51%
47
51
33%
37%
■" 3
>
\V
Oilcloth & Linoleum
Woollens
Lakes
Class
Paper
Halifax
Insurance
;
•r
1
18%
Jan
Hydro-Electric
Jan
35%
Jan
Investment Foundation
Jan
23%
Jan
51
Jan
51%
Jan
Journal Publishing Co
Lowney
180
28
Jan
40
Jan
37%
38
753
37%
Jan
38%
Jan
a40
a40
27
40
Jan
41
Jan
11%' 11%
100
11
Jan
11%
Jan
Co
MacLaren
22%
22%
23
586
22
Jan
23%
21
21
21
40
21
Jan
21%
Jan
58
Jan
Jan
12%
Jan
Jan
Jan
18%
Jan
Jan
80c.
Jan
38
Jan
39
Jan
100
13
Jan
13%
19%
Jan
20%
__
7:
2
7%
Jan
7
Jan
7%
Jan
2
Jan
b 2Vb
Jan
23%
1,320
.
315
♦
2
;•
1,450
23%; 24%
-
1,140
15%
15%
:
670
40
10%
26
Jan
Jan
16
Jan
39
Jan
40
Jan
135
'
Jan
15%
100
40
10
kC--
Jan
10
Jan
10'A
Jan
2%
Jan
.
1—*
2%
common..*
a8%
50
a51%
>
of Ottawa Ltd.*
.
Ltd.; (Walter
Powes & Paper. Co
^
*
v.
_♦
,__10
14%.
—
14%
Jan
iv
Jan
8%
Jan
51%
Jan
100
14%
Jan
14%
Jan
175
v
00 rv-
51%
15%
Jan
16%
Jan
130
37%
Jan
39
Jan
Jan
15%
38
38%
11
11
10
10%
Jan
11
Jan
al7'A al7%
38%
11
16
22
17%
Jan
17%
Jan
55
17'/a
Jan
18%
Jan
50
27%
Jan
27%
Jan
'
„
...10
18'A
pfd. .20
27%
27%
,
.
18'A
preferred
2%
45
45
(
a51% a51%
15%
.*
M)
e8%
100
:2%
: a8%
*
Ltd
Jan
*
Corp
Maple Leaf Milling Co Ltd
Teleg :& Tel com.
cum
.
-
preferred
Maritime
7%
18
190
•'
20 '
19%
.
.:
Jan
Jan
18
15%
•
Jan
16
28%
'r/V**'1'''
Jan
Secur
13'/a
35c
Jan
55c
2
23 %
—10
19%
convertible
4
'
..
38%
—
__
•
Co
>4
38
13%
Jan
Jan
10%
2,400
19%
'
*
17%
33%
com!
Jan
Jan
17
20
80e
4
•
Ltd
Co
35
6%
J.
Jan
V '•
•
A-preferred
12
18%
65c
—
\ ;•
•
Products Ltd
7%
Jan
Jan
16
1535
11%
18%
'
_*
Ltd
Co
4 ;
I'
Worsteds
&
Paper
Jan
Jan
27
•
4,826
'
11%
20
——•
a22
18
17
18 Va
•
com
:
Aircraft Corp Ltd—
•
7%
33
'
28%
28%
28 %
•
Co
v
Jan
,
-*
110
143/0
II
.
"
Paper
14%
6%
__
•
5
'
.
——'
'
Consolidated
50%
32
57%
58
1,935
22
21%
22%
306
172
172
172
40
18%
•' 21
•
100
46.
7'A
Jan
-__T
-
Jan
40
*
com
Jan
9
common
—
Jan
2,365
*
.....v
Jan
,7
25
com..♦
Ltd
it,
Consolidated
53
100
Ottawa Light, Heat & Power
5% preferred
1
34
25
al9
•
common
7% preferred
Ontario Steel Products
239
9
a22
5
.
34
7%
9
.100
Alcohols Ltd
Consolidated
4 Jan
15%
25
Ltd
footnotes
v
•
Weaving
Mills
.
36
53
51%
•
24
Jan
14%
40
preferred
National Drug & Chemical pfd_
National Steel Car Corp
Jan
34%
34
1
•
3%
•7%
■
•
100
7%
20
•'
f
9
34
*
10
:
Adv
preferred
Jan
<
_*
com
Ltd
General
Neon
Ltd
Ltd pfd
Steel Prod
20%
Ltd
Products
Food
Jan
24
♦
Tramways
Breweries
Catelli
Jan
34%
14
Jan
3%
52%
Jan'
14
143
2
3,295
13%
15
Jan
Canadian Western Lumber Co.
53%
94%
Molson Breweries Ltd
Montreal Locomotive
138
10
Jan
Jan
17%
-
138
138
30%
24%
15
Jan
46 %
55
28
Jan
79
Jan
Jan
1,865
110
23
Jan
Jan
7.906
*
Montreal Telegraph,
common
29%
14
14%
Jan
Jan
Jan
45%
a25
•
2.00
11
5
18%
II
II*
I I *
__I__I*
Oil
(Robt)
Flour
23
77
a25
_•
class B_._
Ltd common
Mines
23
75%
2.00
415
vV;V
*
Export
Wire
23
76
17%
4-
MacMillan
*
•
Ltd
13%
"
Jan
Jan
Vickers
Canadian
14
8%
Jan
Jan
a25
IIIII.I*
Ltd
Corp
Massey-Harris
Jan
'
173/4
3
Mailman
16%
8%
Jan
-'Jan
1.75
100
♦
Jan
17
'.21'A
485
77%
■
__1
Inv Ltd
Pap
Jan
21%
Co
Jan
Jan
•Jan
48
27 %
100
preferred
5
•
Jan
20
v
•
Ltd
preferred'
cum
5%
13%
4
100
5
6%
Jan
♦
Comany
110
2
48%
Jan
3%
625
48%
48%
Industries common
Jan
•
A)
1.15
6
395
23
22%
*
24
17%
102
,
4,800
100
■
22'A
_•
98
7%
3%
13%
•
26
2
16%
Sugar
215
.
17%
a52%
Dominion
&
2,407
26%
a98 a98 %
-.
Preferred
V'./15-.v:
26%
26
26
,
6
3%
_______—
Company
55
11%
a
Ltd—
...5
100
B
Brown
Ltd—
Vancouver
of
160
common
(John
Jan
85c
75
90c
14%
•
A_.
11
Jan
Jan
24
class
Ltd
Jan
17
6
~
Millen
&
Jan
10
125
12%
•
High
100
II
•
B
class
Range Since Jan.I
Low
High
12%.
»
Ltd
Shares
10%
10%
'II5
5
Belding-Corticelli 7%
cum
pfd... J00
*
Glove & Hosiery Co com
,_*
Jan
Jan
Steels
for Week
Low
•
Ltd
Glove Works
Sales
Range
of Prices
Par
20
34
Week's
Sale Price
31%
700
1,796
Funds
Last
Anglo-Nfld Development Co Ltd
535
34%
'
Montreal Curb Market
a9
14%
25
Woods
Jan
10
.'
25
~
Jan
34%
45
43
25%
25%
16%
16%
IIIIIIIII5
Jan
100%
Banks—
165
Canada
23%
Jan
33%
*
preferred
8%
of
Jan
101
32
32%
15%
353/4
•
7
7% Jan
;V.v:26::v:; Jan
Jan
99%
•
25
common
Jan
Jan
101
845
"100
_
common
165
common
170
16%
10
27%
Jan
Jan
7'/a
Jan
100
Nickel
Lang & Sons
Laura Secord
For
Jan
27
36%
_
Ogilvie
_
18
54%
21%
172
Jan
58%
Jan
Jan
23
Jan
Mica
Jan
173
Jan
Minnesota
;s%
75
21
a
21%
440
20%
Jan
102
al02
8
102 %
Jan
18
Massey-Harris
Jan
•1
Melchers
of
Co
6%%
Distilleries
Canada
&
conv
Ltd ,6%
pfd.^.. .10
20%
72%
Paper Co..
18%
Jan
22
Jan
Moore
Refrig & Storage 1st pfd. .30
Corporation Ltd
Jan
Mount
Royal
102%
—
Montreal
Rice
Mills
Ltd.
12%
12%
—5
1. .10
Ltd
Ontario
■
Jan
85%
27
•
Jan
34%
Jamaica Public Serv Co Ltd
7% pfd.100
Labatt (John) Ltd
*
Noranda
83
Jan
330
•
Worts_4_4_4
common
£1
International Power
International Utilities Corp
Niagara
Jan
Jan
'
32%
50
preferred
International
National
6
81
16%
1,620
•
preferred
Montreal
&
r
_
83
15%
35%
160
common
Jan
166
101 -101
_
32%
»
of Canada
Acceptance
Mitchell
Jan
Jan
*
preferred
of
18%
15%
11%
26%
International Paper common
15
International Petroleum Co
Ltd_HII_»
Lake
Jan
.-
/
Jan
17%
10
a24
Royal
26
___
International Bronze
6%
18%
522
7%
Nova
50
preferred
4% %
30
Jan
4,800
f:
7
7%
a24
-100
*
25
Imperial Tobacco
^dust
7
7%
Jan
20
Howard Smith Paper common
$2 preferred
Hudson Bay
Mining & Smelting
Imperial Oil Ltd..
6 7o
17
Jan
17%
Canadian Silk Products cl A
Lime
Hamilton
4%
7 Va
a24
;
Jan
1927
162
100
Jan
26 %
Alabastine
inc
85
162
?'%.
82%
82
11%
150
common
pfd
6%
.28%
-I.IIIII*
Goodyear Tire 4%
Jan
30
100
81%
Jan
2,120
•
16%
55
45
18%
7
Jan
20%
_
Bakeries Ltd
50
30 >;
18%
82
Jan
20%
J
*
IIloo
__
v
18%
11%
20 %
•
:
30
18%
11
I_!•
Preferred
f.",; 4.;
17
.
16%
16%
28
75'
35
Foundation Co of Canada
Fraser Co
Jan
17.
82
_
_
100
Corp
Jan
*
*
Canada
17'A
•'':■
250
17%
1
Famous Players
Jan
■
680
16%
Corp
16%
_
Commerce
33%
•
preferred
Jan,
280
17
—I
__
Canadienne
85
27
5%
23
23%
...
A
Jan
48%
28
._*
preferred
Dryden Paper
Eddy Paper Co class
Jan:,
24%
11%
*
Red
Jan
Jan
42%
35
*
24
86
Jan
25
25
Jan
Jan
Jan
16%
common
24
84
Jan,"
18%
Limited
Jan
Brand
Dominion Steel & Coal class B
Dominion Stores Ltd
40
90
Jan
1151%
»
24
85
46%
11%
a9
20
Jan
y
preferred
17
333/4
_
preferred
14%
23 %
•
Electric
22%
-
Dominion Foundries & steei
Dominion Glass common
Jan
41%
f
_
Corp
preferred
Jan
25
preferred
■
common
(Geo)
4%%
Jan
"*
■■■ ■
13%
230
11%
*
■-
Jan
Jan
872
__
pfd
Gooderham
Jan
!•
Dominion Bridge
10
22%
2,486
i3~3/4
Co-___I__IIIIIII*
Jan
Jan
46%
13
*
Seal
Jan
9
22
41%
15%
5
Glass
Cork
100%
.
24%
321/2
*
100
15
75
-
41
11%
20
Plow
.♦
Cotton
16%
350
'</,
Jan
46%
28
25
101
9%
v.
23%
11 y2
•
common
Railway
;
13%
•
11 %
•
Jan
Jari
94
4v
24
*
common
7%
Montreal
•
Jan
Jan
37%
46%
*
Jan
*
Jan
84
*
common
preferred
Wabasso
9%
9% Jan
21%
46%
«
9:
94
35
245
_
Steel
Biscuit
735
46%
Class B
Jan:
24
14
City
United
210
*
Canadian Foreign Investment
Canadian Ind Alcohol class A
17%
22
■
". ?
Canada
Twin
805
21%
27
Jan
Jan
-
46%
IIbo
A—
v
Tuckett Tobacco
22
21%
25
16
101
84
•
corn-
Power
'
of
37%
21%
common
preferred
765
I
60
'
25
_•
Cottons
■X 10
20%
Janr'l
16%
;
\
'
,
preferred
Winnipeg
series
$1.00
6%
new
675
a36
20
Celanese
Canada
Jan
5%
24%SJan
15
14
11%
9%
24
.99
L.L.■
Standard Chemical
Jan
337
»Jan
9
a
common.
_
/
Jan
14
*
A
$1.75
class
Co
Steel
15%
2,066
11
94 .,4
13%
Voting trust certificates..
Jan
33
a9
35
101
13%
commonL..4:.i
Jan
3%
17
Jan
25%
Mills
preferred
Jan
26%
Jan
Jan
29%
14
•
50
Canadian Car & Foundry common
Canadian
4%
Jan
3
15%
a9
Jan
21%
21%
1
Breweries
Southern
32
29 J/4
a9
preferred
Canadian
a
Simpsons
Jan
250-
25%
20
'
.,142% Jan"1-
Jan
'
«
I~49
_
Flour
Southam
Jan
Jan
250
al4%.al4%
100
_
Paper Co—
preferred
Viau
Canada Cement common
$1.30 preferred
pfd
common
Shawinigan Water & Power
Jan
13
23%
25
50
~~
.Is
Dredging
420
Jan
Jan
500
16
Jan
19%
15%
44 9 44i< 1,480
9
94
63
'Jan
1,528
16%
.
Jan
Jan
,
55
11%
—.
41
Jan
Jan
25%
26
Jan
360
——
1:4
Jan
Jan
1.10
2%
3%
40%
370 v
56%
16
Lawrence
1st
22
2,450
16
*
...
preferred
Lawrence
St
4%%
Power
'•
3
B
Gold
973
1.905
*
Building Products
Bulolo
24%
25%
3
Mills~Ltd~ class aIIII
Class
100
24%
25%
18
16%
*
...
preferred
'
Ciass
Bruck
12%
24%
25%
1st
Jan
6%
38%
»
62
300
High
*38%
Jan
Jan
61%
342
25
-100
18
41%
16 W
...
375
class A
63
11%
preferred
47
4
37
41.
54%
_.
Rolland Paper common
6%
25 %
195
•1.6.
16
54%
•
47
...
Trac
Transport
6%
class A.110
H)
Jan
4%
Jan
41
Canada.
Quebec Power
Jan
56
Provincial
Low
18
1
Range Since Jan.1
High
38 % !-
63
Price Bros & Co Ltd common
_•
_•
Hardware
9
of
Corp
Shares
38
common
50
Corp
Ashdown
58%
Jan
'
52% Jan
1,815
Jan
24%
Power
Jan
20%
Jan
Algoma Steel
Aluminum Co of Can 4%
pfd
Anglo Can Tel Co 4%% pfd
Argus Corp Ltd common
4% %
preferred
17 %
Jan
Jan
38%
Placer Development
Powell River
Co
High
2,386
24
*
Ltd
Range Since Jan. 1
High
•
20
Ltd
Penmans
Low
Tubes
Page-Hersey
for Week
of Prices
for Week
of Prices
.
Par
Friday
Sales
Range
Sale Price
Canadian Fonda
STOCKS—
Week's
Last
STOCKS—
•'
al.00
20%
176
12%
al.00
v
21%
a29
72%
9'A
10'
615
a29
«
73
"
9%
12%
1.10
20%
Jan
12Va
Jan
Jan
1.10
Jan
Jan
20'A
Jan
29
Jan
10
29
Jan
85
72
Jan
■73%
Jan
Jan
9%
Jan
50
9%
-
THE
Number 4773
169
Volume
COMMERCIAL
&
CANADIAN
FINANCIAL
LISTED
RANGE FOR WEEK ENDED
Week's
Last
'J ' >r
..
National
6'/<r
preferred
Ltd
Co
&
Lt
'■
>■:
Grocers
Scotia
Nova
■'
■
Pr
_
pfd
Ltd
Co
28
0
com_
28
28
Low
75
20%
.
,
-
111% 111%
,
MARKETS
Friday
Jan
20%
Jan
111%
Exchange
Canadian Funds
Jan
28
Jan
20
111%
I
High
Jan
28
30
101
Toronto Stock
Range Since Jan. 1
Shares
High
20%
v
20%;
100
—v
_
LOW
20
—
Range
Sale Price
Sales
for Week
of Prices
Last
STOCKS-
Jan
<
Week's
Shares
Range Since Jan. 1
-
Nuclear Enterprises
Orange
■«
Crush Ltd
—
all
all
5
11
Jan
11
: Jan
6
6
175
5
Jan
6
Jan
20
Ltd
20%
300
103
110
60
54%
55
15
al4
al4
5
.
__
*
i_W—ZJ,
6
par
Abitlbi
•
Paul
Service Stores Ltd
Power Corp of Can 6%
6%
—50
preferred-
2nd
part
1st pfd_100
cum
55
red pfd_ -100
Quebec Pulp & Paper 7%
—
20%
Jan
19%
Jan
Jan
110
54%
Jan
55
Jan
14
Jan
15%
Industries
Russell
Ltd
Canada
Southmont
Pr
Invest
18%
6%
Co
18%
*
Ltd—
18%
Jan
15
41c
41c
0
Ltd-
-T
Amusement Corp
United
Corporations
Ltd class A—*
class
United
Distillers
United
Securities
Ltd
Windsor
Hotel
of
Canada
a
Ltd
41c
Jan;
45c
15
8
Jan
8l/a
16%
Mining
Mines
Lead
37
27% a27%
10
29
Jan
29
•
.
Ltd
Gold
Base Metals
_
Mines
__
Gold
Jan
16
37 %
Jan
16
Steel
16
__
Lake
Lake
Gold
Gold
Gold
Mines
Mines
Ltd_
Mines
13,000
4C
Jan
5'Ac
Bouscadillac
Gold
58c
Jan
65c
Jan
3,000
10c
Jan
10c
Jan
10c
1,500
20c
Jan
28c
6,500
6 Vac
Jan
8c
59c
63c
14,800
53c
Jan
65c
Consolidated
5c
10,000
4c
Jan
5c
9c
11c
Jan
9 Vac
500
IV2C
10,000
6c
Jan
7%c
Jan
3c
3c
1,000
3c
Jan
3c
Jan
1
16c
16c
750
16c
Jan
16c
Jan
1%C
l%c
300
1%C
3c
Jan
Ltd..
Central
Duquesne
1
1%C
1
22V2C
Mines
Goldvue
19 %c
Jan
39c
Jan
4,500
:l
2c;
Jan
3c
Jan
8%C
8 %c
2,000
7c
Jan
13c
Jan
26c
4,000
26c
Jan
13 % c 14%c
3,080
International
J-M
Consol
Jack
Lake
25 %c
14%c
a58c
70
25c
Jan
13V2C
Jan
a58c
Jan
16c
Rouyn
80c
4c
4%c
25,500
4c
Jan
5%c Jan
Jan
4c
5c
22,100
4c
Jan
5c
Mines
Area
53%
54
155
52%
Jan
56
58
59%
975
58%
Jan
61%
25%
26%
745
25%
Jan
26 %
Jan
15c
15c
16c
8,067
12%c
Jan
18c
Jan
35c
750
13c
Jan
18c
Jan
•;
1
52c
52c
1,000
52c
Jan
59c
Jan
15%
16%
1,080
15%
Jan
17%
21 %c
Jan
24 %c
35c
Jan
38c
Jan
29,000
13c
Jan
20c
Jan
65c
42,000
56c
Jan
68c
4.70
5.30
97,858
9.50
*
_
1,000
15c
57c
5.15
•
Oil
35c
13c
9.35
9.75
1,556
14 %c
_
.
4.40
13c
Jan
16%c
3.45
13c
14c
78,000
1
3-15
3.15
3.35
1,000
1
67c
65c
67c
5,500
Ltd
1
4.25
4.25
6c
1
200
7c
17,250
Jan
4.25
Jan
Jan
iov2c
5VeC
78c
11 %c
_
Shore
Jan
Jan
Jan
1,600
18c
17%c 20%c
Mining Co
6c
1,000
5%c
6,000
9c
11%
12 Va
1,380
11%
Jan
12%
Jan
IOV2C 10%C
1,400
10c
Jan
10 %c
Jan
Jan
6C
Jan
12c
-Jan
45c
45c
500
45c
Jan
52o
Jan
1
2c
2c
628
2c
Jan
2c
Jan
3%c
4c
5,500
3c
Jan
4c
1,200
43c
Jan
53c
5,500
Jan
15%
Jan
Jan
1.50
Jan
4c
1
43c
43c
1
15 'A
15%
100
Ltd__l
1.50
1.50
200
Ltd—
Mining
Co
l
Ltd
Mines
1.50
Malartic Gold
1.33
1.33
1
53c
53c
500
53c
Jan
1
6% c
7c
2,500
6%c
Jan
11%
210
11%
Jan
5%c
7,000
5C
Jan
1
-
Ltd
11%
—1
Goldl'ields Ltd
Mines
5c
Jan
Louvre
Mines
New
Marlon
Gold
Normetal
Ltd
Ltd
12
•
Jan
6%c
—
•
common
36c
Jan
45c
Jan
63c
Jan
70c
Jan
2.25
200
-
—
_
_
class
Hardware
_
53%
53%
53%
11%
11%
175
84c
79c
84c
5,000
312
51
Jan
2.35
Jan
Jan
55
iiv4
Jan
12%
Jan
78c
Jan
84c
Jan
2.30
2.30
600
4%c
4%c
1,000
2c
20c
2.20
Cadallic
Cons
Gold
Gold
Gold
Labrador
Quemont Mining Corp
Gold
Rochette
Santiago
Mines
11c
10 %c
11c
15,000
10 %c
Jan
1.70
1.79
1,100
1.70
3.70
13c
Jan
15c
16c
3,500
15c
6%c
7%c
3,000
3.55
3.60
1,500
88c
88c
88c
I,000
1.95
4%C Jan
3.55
4%c
6c
2,500
65c-
66c
20,850
-7c
30,600
6c
2,500
16%
250
12c
500
16% '
*
Ltd—
16%
1
12c
lie
50c
Ltd—
3.55
70c
4V2C
Jan
15,900
Soma-Duvernay
Stadacona
Gold
Mines
16c
Mines
Sullivan
Cons
Mines
Mines
Ventures
94c
Jan.
1,180
12 % -Jan
12%
Jan
12c
1,000
11c
Jan
12c
Jan
10c 10 %c
36,500
10c
Jan
11c
—1
Aubelle
Mines
Ault
Wiborg
&
103% 103%
30c
class
10
20c
*
A
71c
30c
3.45
V
1,615
Mines
Bankfield Consolidated
3.30
7%
7%
7o
21c
23c
14,200
9c 10 Vac
7,900
25%
25%
26%
490
35%
35%
135
35 Va
36
36
5
1
10
Montreal-
__
Jan
Jan
Oil
Homestead Oil
Oils
Oil
&
22%
23
55
22 %
180
43Va
Jan
49
Jan
8c
Jan
11c
Jan
38%
Jan
41%
Jan
1.23
Jan
A—u
-
25
————•
—
Bertram
1
—
Bevcourt
1
Gold
Gold
Kirkland
Bidgood
10,700
-
1.12
1.10
1.15
166,472
5.00
5.00
100
32c
32c
500
32c
Jan
32c
Jan
5
5
100
5
Jan
5
Jan
28c
26c
28c
1,500
23C
Jan
30c
Jan
13c
13c
1,321
12 %c
Jan
16c
Jan
8%
8%
8%
5
8%
Jan
8%
19
19
Jan
19%
Jan
12 1
Jan
32c
—
1
*
Class
A
preferred
19
*
Blue
Ribbon Corp
Bobjo
—
■
5r
Mines
Bonville Gold
Bralorne
*
class A
& Millen
Brantford Cordage preferred
Brazilian Traction
Light & Pwr com—*
Oil
American
*
common
25
Preferred
4%. pfd
Elec
Columbia
British
Columbia
Columbia
100
Products
Forest
British
class
Royalite
South
Jan
11c
Jan
14c
Jan
Jan
48c
Jan
5c
641
42c
V,
tii
6c
_
1
—^-1
6c
2,000
Jan
15c
Jan
Jan
57/sC
Jan
9.00
1,470
8.65
Jan
9.50
Jan
6%c
24%
25
Jan
19%
Jan
5,600
6c
Jan
6%c
Jan
1,265
25%
650
89%
115
3
2,600
12
310
6
6 Vt
700
26
26 >/4
33c
35c
48,700"
32c
19c
300
Canadian
*
Red
1
*
32%
Lake
&
Burrard
—-_1,.
—
7.80
6c
1.57
2.57
Jan
8.00
Jan
42c
'Jan!
Jan
Canada
Bread
Jan
Canada
Cement
Jan
5c
Jan
Jan
53c
Jan
Canada
B
class
preferred
common
6c
Jan
1.60
Jan
Class
Jan
Canada
48c
Jan
73c
Jan
59.200
1.12
Jan
1.28 Jan
200
6.10
Jan
6.10
Jan
Canada
SS
Lines
32C
Jan
19c
13,100
9c
5,500
&
Cable
3%c
Jan,
4%c
Jan
Oil
10%
Jan
14%
Jan
Canadian
Bank
16,500
7c
Jan
10c
Jan
Canadian
1
26c
26c
29c
II,500
17c
Jan
36c
Canners
4.70
5.35
33c
35c
3,000
29c
iov2c
11c
18,200
10c
26c
2,500
25c
1.04
,1.27
19,350
12%
13%
10,630
12%
Jan-
12 %c 13 v4c
12%-
•
*
6,000
11 %c
Janj
6c
—1
For footnotes see page 46.
.
15c
*
:
2.80
•
28%
21c
6c
2,000
2.80
2.90
2,200
13c 15 %c
28
20c
10,500
28 Vt
687
22c
60,500
.
Jan
24c
Jan
3.00
Jan
17c
Jan
20c
Jan
7%c
Jan
9Vac Jan
33
Jan
Jan
Jan
4Vac
Jan
14
12%
14%
2,605
12%
Jan
13%
Jan
17%
17%
17%
40
17%
Jan
17%
Jan
7
Jan
8%
Jan
6c
Jan
9c
7
71/4
210
6c
7c
2,000
30%
30 Va
50
30 Va
Jan
30 Va
Jan
6.10
6.35
5,175
6.00
Jan
6.60
Jan
7%c
7V4
1
6.15
7%c
5,500
6%c
Jan
8Vac Jan
46c
Jan
54c
45c
45c
48c
7,500
2.80
2.70
2.80
2,150
53
53
15
25 V4
25%
1,462
29
29%
525
49
49
50
570
50
*
20
25%
—
32%
32%
33
16 »/4
16 Va
161/4
190
189
192
4.45
1.04
6c
2.80
Jan
5.35
Jan
Jan
35c
Jan
Janj
12c
Jan
30c
Car
36
115
.84.
3.00
Jan
Jan
Jan
53
Jan
24%
Jan
26 Va
Jan
29
Jan
29 Va
Jan
47%
Jan
50
Jan
32
Jan
33%
Jan
16%
186
13%
13%
30
36
40
35%
26%
35
24%
6Va
255
6%
.
Jan
Jan
53
^6
13%
.
of
Jan
Jan
Jan
Jan
Jan
J an
16%
192
14%
36%
26V4
6 V2
Jan
Jan
Jan
Jan
Jan
Jan
10
23
23
23 %
2,415
23
Jan
24
Jan
*
Commerce
20 Va
20 %
20%
3,498
19 Va
Jan
20%
Jan
•
common
130
.17%
Jan
18
Jan
17%
17%
170
17%
Jan
18
Jan
14
17%
17%
preferred
14%
205
14
Jan
l4'/2
Jan
16 %
Jan
17
Jan
21Va
Jan
22 %
Jan
Jan
39
Jan
Jan
28%
J an
8%
Jan
17%
18
*
20
16%
*
25
21%
21%
20%
730
37%
36%
37%
155
3 6 V2
*
common
27%
27%
27%
680
485
16%
16%
^£>£375^
Jan
Jan.
Jan
Class
A
Canadian Celanese new common
Preferred
1.35
-
Jan
Canadian
Dredge
13%
Jan
Canadian
Food
14c
Jan
Products
A
6c
Jan
Canadian
General
Jan
3.00
Jan
Canadian
Indus
13c
Jan
17 %c
Jan
Class
Jan
28V4
Jan
Canadian
Jan
22c
Jan
Canadian
"A"
voting
Malartic
*
12
Jan
13%
Jan
40
75
Jan
77
Jan
210
Jan
210
210
210
5
300
IIV4
jan
11%
11%
Jan
11%
Jan
33
Jan
3 6 V2
Jan
70c
Jan
79c
Jan
11%
32%
32%
34
210
72c
72c
75c
11%
Jan
Jan
11%
350
*
—*
105
75
11%
•
B
Locomotive
Jan
8%
12%
75
50
Electric
Alco
8%
8%
*
100
_
Jan*
26
12%
common
v
,
Preferred
23%
20c
2.70
26%
13%
*
Jan
*■
'.
B
Breweries
Canadian
Co
class
Canadian Bakeries
1,155
1.18
Jan
32%
32%
bVa
18,000
1
1.92
4Vac
50'
Wire
9c
26c
37c
Jan
16c
250
*
common
Preferred
Canadian
14V4
»
Jan
5,910
*
41/4C
21,650
35c
740
100'
Mortgage
8c
•
Jan
9,600
*
B
Permanent
13
;
28c
33
•
Malting Sh Warr
Canada Packers class A
1.90
5.35
Jan
Jan
Jan
IOV2C
Jan
26%
4,300
1
Preferred
Jan
•
Jan
Jan
34c
Jan
3 V2C
•
6%
25%
2.66
•'
1
13!
Ltd—
Jan
13
Jan
'
*
Oils
9c
-
3
Jan
4%c
•
Flon
Flin
1.60
4c
,
_
Jan
*
*
B
Edmonton
&
Calmont
1.49
42,000
Jan
Jan
4%c
class A
Calllnan
1,300
,
25%
90V4
*
class
Co
Bousquet
Calder
3,800
6.10
5%
■;!
Jan
Jan
21%c
7%C
9c
—
Burlington Steel
1.60
1..28
2%
12
24%
Jan
Jan
Jan
16c
16C
1.74
51c 63 %c
23%
25'%
89
2.40
Buffalo
1.60
6.10
Jan
Jan
Jan
18%
12
20c
1.66
1.13
1.25
Jan
45c
25%
2%
4c
Jan
25
88%
Va
3%c
2,569
!
6%c
24
24 %
25%
88
'
16C " Jan
12c
27
1
1.60:
1.22
12%c Jan' ;
3V4C
7,500
1
1
1.70'
*
53c
Brazeau
Jan
1,000
5,500
25
Ankerite
Bunker Hill
41c
42c
,)
9,500
95c
Buffadison Gold
Buffalo
3,000"
2,000
1
5
•
12
4c
19%
Broulan Porcupine
Caldwell Linen 1st preferred
5c
Ltd
19
3 Vac
25
4%c
1—*
Calgary
51c
Petroleum
Jan
14%c
80c
26
A——*
8,100
18%
6
*
140
95c
*
class
12
18%
•
A
Packers
B
Jan
5c
Ltd
5.00
Jan
8.75
1
Jan
42c
Corp
Jan
3%c
—25
Lake
Brewis Red
Jan
38c
Ltd
5.00
3%c
4c
*
Mines
6c
200
Ltd
1.10
.
14%c
1
*
Pershing
British
—
-1
.
Bordulac
Brand
12
13C 14 Vac
common..:.—*
1
14c.
1,000
—
6,555
39%
*
class B_——,
Sons
&
9%c
38
1
River
Berens
—
Quebec
43%
9c
38%
1
Telephone
Rights
Belleterre
43%
*
Yellowknife
Beaulieu
Bell
16%
7,900
Omnitrans Exploration Ltd
Oils
Jan
22%
class
Power
Class
Western
23
*
Bathurst
Building Products
3,800
!
,
Pan
Jan
Jan
71,300
Jan
38c
Home Oil Co Ltd
Pacific
65c
63c
Jan
12c
CO OO O
•
Co
Jan
58c
Jan
15%
-12c
7,90
Ltd
Oils
Jan
53c
58c
Jan
38c
Gaspe Oil Ventures Ltd
Pacalta
37
*
Mining
Jan
7.90
1
1
_
0
Co
Jan
Metals
1
Dev
Jan
35'/a
Base
8c
Jan
_
Co
Dom
Consol
Jan
36
36
Conv
Anelo-Canadian
Jan
26%
Jan
Jan
Oil Stocks—
British
11c
Jan
10
Toronto
66c
2.10
-
Ltd
Mines
Jan
6c
25%
of
Canadian
Coghlan
Jan
Bank
Jan
2.57
-■
..
_
Jan
27c
Jan
10
Jan
2.42
i.
Ltd
7%
Jan
17c
Jan
Jan
42c
;
Mines
Jan
of
Jan
9c
Jan
„
Amulet Mines Ltd
Westville
Jan
'3.65
Jan
Jan
of Nova Scotia
Jan
1.55
*
Corp
Mines
7%
Jan
29c
,
Bank
6c
60c
3,400
Ltd
Malartic
Jan
103'/a
Jan
16c
22c
1
Bagamac
Jan
103 Va
87,400
3.35
1
1
Electric
Auto
10 %c
100
preferred
Gold
Aurior
Class
41c
_
Ltd
Ltd
Jan
80c
1
United- Asbestos
Jan
16c
12%
4 V4C
1.57
—_
Ltd.
Ltd-
Mining Corp Ltd
Rock iron Mines
9Vac
Jan
71c
Jan
88c
Jan
1.55
__
Steeloy
Jan
Jan
12c
3.75
Jan
_50c
.
__
(1944)
13%
Jan
7c
12c
•r
12%
7%c
Jan
1
Ltd
Ltd
12%
9(55
75c
Jan
11 %c
1
-
(Quebec)
Mines
•
.
12%
4%c
Jan
6C-
Sherritt-Gordon Mines Ltd
Gold
;
*
Campbell Red Lake
Sigma Mines
12
1
Oil
22c
3.05
65c
Ltd
Mines
12%
Jan
*
Atlas
Jam
2,000
6%c
Ltd
Gold
12
6%
Steels
Atlantic
Oil
13,100
•
Senator-Rouyn Ltd
Creek
Jan
Jan
Atlas Yellowknife
Dominion
20c
1
Mines
Mines Co
Jan
14 %c
17,500
British
3.70
Ltd—1
Mines
Gold
10c
Jan
6
15,200
Jan
20c
1
Development
Manganese
Yellowknife
Jan
8c
500
8c
Burns
Quebec
8c
13,200
14c
Jan
1
Ltd
Quebec
6,000
Uc
7c
Power
3.40
1
Co Ltd
Mining
10c
12 %c
Columbia
1
Ltd
Dredging Ltd
Mines
Jan
Jan
6%
8c
British
20c
1
Mines
23c
10c
13c
Jan
3.40
1
_
Gold
Jan
9c
—10
A_.
(1937)
2.32
Jan
1
;
Gold- Mines.
Pandora
15c
9c
6%
1
Buffalo
Grenada
Jan
7%c
lie
1
1
Mines
British
2.12
*
O'Brien Gold Mines Ltd
Jan
34c
.
Jan
7c
6%
-1
.
Jan
9,700
1
Ltd
Norplck Gold Mines Ltd
Jan
19,900
1
-.
Corp
Jan
Jan
43c
l
Mines
Mining
__
Ltd
7c
67c
1
New
1.40
55c
2.25
5
Nechi Cons
Mines
Jan
11%
Mclntyre-Porcupine Mines Ltd
Mining Corp of Canada Ltd——
Calumet
1.33
38c
63c
1
Dredging Ltd—
200
63c
1
.
Fields Ltd
New
5c
l
Ltd
Jan
Jan
6c
Jan
15
1
„
Mines
Mines
Macdonald
New
Jan
Jan
;mo%
Jan
1
!
Ltd—
Mines
24c
7,650
8 %c
Athona
•
10c
11%
1
Ltd
Gold
Gold
Louvicourt
Decalta
Jan
5.30
Jan
8.90
700
7c
8%c
Ashley Gold & Oil
Jan
4.35
7 Vac
Jan
.
9c
9c
5
Ltd
Ltd
2,000
4.25
'
3.10 Jan
65c
6c
1
Gold
24c
6c
8v2c
1
_
Beatty Bros
11%C 11%C
0
_1
Mines
24c
6c
1
__
_
Armistice
Jan
500
...
Mines
1
•
_
Arjon Gold
Jan
23c.
Ltd
Mines
Mines
Lake
Lingside
Wilstey
Jan
Jan
23c
13 Vic
Lingman Gold Mines
Lake Rowan Mines Ltd
Waite
Jan
58c
1
Mines
Corp
Argus
Jan
—
naKe
Vinray
Jan
-
Jan
18c
Ltd
Gold
Dufault
Trebor
Jan
26
—
Porcupine
Boycon
Steep
Jan
Jan
a58c
18c
1
Uranium
Addison
Kirklund
Siscoe
Jan
61c
Bank
Ltd
Gold
a58c
4c
Joliet-Quebec Mines Ltd
Sheep
Jan
9%
800
58%
Biltmore Hats common
Quebec
Jan
350
75c
—
*
Aumaque Gold
0
Ltd
Gold
Jan
18c
Ltd
Cons
93,800
2%c
22 %c
1
Ltd
Mines
Mines
Hollinger
24c
2C
0
Mines
Hudson-Rand
V 20c
......
Mines
Mines
16c
r
1
Faleonbririge Nickel Mines Ltd
Goldbeam
7,000
19 %c
1
Ltd
Mines
Gold
20c
_1
Formaque Gold Mines Ltd
Pitt
8%
7c
9%
Jan
—
Ltd- _1
Ltd
Ltd
Mines
Gold
Jan
Jan
20c
..
Co
Dome Mines Ltd
Perron
Jan
9
'
_1
Dickenson Red Lake Mines Ltd-
Sullivan
15c
16c
1
Mines
Mining
Jan
77,800
16c
.
Ltd
Mines
Cadillac
Explorations
Gold
21 '/of 2 21/0
0
Mines.
_
Cournor Mining Co
Gold
6%c
•
Astoria
Consol
Pato
Jan
6%c
'
Jan
Jan
6%c
Ltd
Gold
Gold
Consol
Lake
Jan
103
75c
•
_
Canadian
Aquarius
Jan
4C
9 Vac
Centremaque Gold Mines'Ltd
Lake
Jan
25
Jan
102
1,050
Jan
Jan
1
Mines
Apex Consol Resources-
Jan
-1
Caudego Gold Mines
Cartier-Malartic
Kerr
7c
Jan
8c
5c
1
Ltd
Mines
Canadian
Sol
4
:;
_
Yellowknife
Anglo
Jan
23,200
28c
59c
-1.1
.
Bouzan Gold Mines
El
102%
17
20V»
'
25
..
pfd
Nepheline
Anglo
4c
65c
24c
I_1
Ltd-
Bordulac Mines Ltd
Eldona
9
*
Canada
of
Lead
Anacon
Ashdown
East
..
Ltd
Co
American
Jan
137
24
7%c
8c
0
Yellowknift Mines Ltd
Duvay
1,105
.
American
Jan
16
10c
1
Mining Corp Ltd
Red
Dulama
Jan
24'/4
19%
21%
6c
*
Amalgamated Larder
Jan
Jan
4c
1
_
...
..
Beaulieu
Cortez
890
6c
_1
—
__
Aluminium
Jan
Jan
15
60
165
58c
1
..
_
Ltd...
Beatrice
Buffalo
Jan
V4
102
•••''ki"."-.:
15
Jan
22
16
37%
16
58c
—
Aumaque Gold Mines Ltd
Bonville
High
974
24
1
Yellowknife
Algoma
Jan
36%
15
1
Ltd..
Mines.
Mines
Band-Ore
Bob's
■
Low
16%
Stocks-
Gold
Anacon
Aubelle
20
24%
100
Anglo-Huronian
Alger
20
•
Alger
Jan
Jan
:16
A
Surpass
Aluminum
160
16%
20%
•
4
Akaitcho
Jan
Jan
37
_
class
16%
—20
—
Agnew
Jan
16
125
415*
22
preferred
High
Jan
Jan
37
16
common-
Preferred
Jan
20
22
100 •
Paper
Acadia-Atlantic
Jan
111%
37
-
0
Ltd
37
d
Ltd
Products
Westeel
37
0
A
8 Va
16%
18%
Jan
14
20
8
Jan
18
111 Va
2,523
al5
16%
—
16%
United
41c
al5
~100
Standard Clay Products Ltd
Standard Paving & Materials
&
Low
*
Acme Gas & Oil
80
111 Va 111 Vs
j.
~100
pfd
Power
Si.50
Jan
109
1
Southern
*3
JANUARY 28
for Week
of Prices
Par
,J
(527)
Sales
Range
Friday
Sale Price
STOCKS—
CHRONICLE
2,100
,'
44
RANGE FOR WEEK ENDED
V
8%
Cos
for Week
Sale Price
preferred
Canadian
___
Canadian
Utilities
Wirebound
Corp
85
preferred
class
Jail
86
Goodyear
Jan
15%
Jail
17%
Jan
Mining
Tire
100
15.
24
99%
Jail
100
24
Jail
25
9 Va
50
9 '/a
9 Va
Jail
25
100
24
u
22
West
West
Jan
Guayana
Jan
Gulf
Jail
1.50
Central
Patricia
Gold
Jan
1.73
Jan
Central
1.55
1.55
1.67
3,925
1.57
1.35
1.33
1.45
31,900
1.33
Jan
b,400
1.24
Jan
1.30
1.30
1
Porcupine
Mines
1.39
15
95
Jan
103
Jan
53
240
52
Jan
53
Jan
•
15%
15%
15%
780
15%
Jan
16
Jan
17%
17%
200
16%
Jan
18
Jan
10
10
33
10
Jan.
11
Jan
common...
*
10
1
Lime
1.65 Jan
Hallnor
Jan
15 %C
2,700
Jan
17c
8C
8 %c
3,600
7c
Jan
13 %c
Jan
Harding Carpets
52c
2,500
46c
Jan
52c
Jan
Harker
7l/2C
6c
7%c
30,600
6%c
Jan
10c
Jail
Hasaga
3,665
2.43
Jail
2.75
Jan
Headway Red Lake
Jan
18%c
15c
.
Hard
Gold
Rock
Chesterville
Chimo
Mines
Circle
2.o4
1
1
____
Bar
Knitting
class
A
16c
16c
16c
1.65
1.60
1.70
16
16c
1,100
16
■;
3,500
*
Gold
enromium
60
*
Oils
Cocnenour
Cochrane
Lake
5c
Jan
Heath
Jan
16
Jan
31c
3%c
29,100
30c
3,700
Hedley
Commonwealth
Petroleum
30c
5%c
Jan
Jan
36c
Jail
National
Jan
2.35
11,525
2.00
Jan
2.40
sio
26%
Jan
25%
Jan
Hinde
810
12%
Jan
14%
Jan
Holhnger Consoi
20c 21 %c
2,500
17c
Jan
22%c
Jan
Homer
uO
U.UUO
5 */4 c
Jan
7c
Highridge
Consolidated
Bakeries
Consolidated
Beattie
25c
28c
10
10%
270
•
Jan
Jan
Jan
6Va
Jan
8%
Jan
9
Jan
24%c
17c
21c
28,910
11%
1,090
11%
Jan
9C
l,ou0
8c
Jan
17c
Jan
28c
Jan
Hudson
Jan
10%
Jan
Hugh
Jan
64c
56c
61c
17,347
51c
Jan
Jan
Jan
Jan
12
9c
Jan
10c
7,500
8c
Jan
10c
Jail
6,843
69c
Jail
83c
Jan
4c--vl%c
3.UU0
4c
Jan
5%c
Jan
9c
Jan
4c
6c
6 V8 c
1,700
6c
Jan
48c
59c
6,400
40c
Jan
59c
IOV2C
IIV2C
5,162
10c
Jan
13 %c
58c
58c
61c
3,425
58c
Jan
61c
7c
7%c
10,000
6c
19
19
115
11%
11%
11%
1,490
7c
8c
8,000
26c
28c
Jan
Jan
1
-
—
.
-;..
-
.
Jan
9%c
Jan
Jan
19%
Jan
11%
Jan
12%
Jan
6c
Jan
8c
Jan
Jan
31c
Jan
Jan
30
Jan
Jan
35c
:
<
1
15,200
30
30
225
1
34c
32c
35c
15,200
%
*
51%
51%
53%
2,a00
1
Flowey Gold
3%c
3%C
5c
16,600
®
:
Mining & Smelting
Bay
19%c
1
Paper common
Malartic
Jan
19
Jan
56tt~c
'/b
76c
0
Mines
Gold
Hosco
Jan
30
"
'31c
51%
Jan
4c
Jan
*•
,
.
Jan
Jan
57
Jan
r.'
,.
'
Consolidated
Duquesne
1
56c
56c
65c
10,624
50c
Jan
65c
Jan
Consolidated
Homestead Oil
*
11c
10c
12c
64,650
10c
Jan
12c
Jan
5
115'/a
115
118
544
116
Jan
123
Jan
100
151
150 V,
151
32
150
Jail
152 %
Jan
28%
17%
17%
13%
14
24%
24%
Consolidated
Consumers
Mining & Smelting.
Gas
Corrugated
Cournor
8%
Jan
Indian
20 %
Jan
Industrial
18%c
Jan
Lake
preferred
Bit
Crestaurum
Croinor
Crow's
Nest
v
22c
Jan
30c
Jan
1,000
45c
Jan
52c
Jan
1
22c
45c
48c
49%
50%
49 Va
Jan
52
10c
11c
3,100
9c
Jan
13c
Jan
*
65c
65c
75c
3,450
55c
Jan
250
common.
class
Cub
Aircraft
D'Aragoil
Leather
Class
class
11c
4.500
10c
Jan
•
35c
34c
38c
7,400
35c
Jan
43c
23
Petroleum
Davies
Davis
10c
23
75
23
Jan
23
9
9
200
A
B
<■
_•
Oils
Delnite
Metals
Incernational
Red
Detta
Lake___
—
Red
Dexter
Lake
a.
.
W
3,800
25%
11%
11%
12%
67,256
43c
48c
37,850
Jan
Jacknife
Jack
Jacola
5c
Mining
Mines
1.20
Jan
1.36
Jan
Joliet
9c
8%c
10c
19,200
8V2C
Jan
lOVaC
Jan
Kay rand
%c
Jan
15C
Jan
Ketore
35c
Jan
Kelvinator
Jan
100
Jan
101 Va
Jan
Jan
36
Jan
34%
3,863
25 Vi
Jan
25%
:
11%
Jan
13
Jan
v
43c
Jan
52C
Jan
5%C
Jan
4%c Jail
5c
1,600
17c
19c
3,200
12 Vac
Jan
19c
Jan
2%c
2 Vac
1,000
2 %c
Jan
3c
Jan
20c
*
1
Jan
28C
1,000
30c
Jan
:
19c
2,000
30c
Jan
Jail
Jan
15,200
1
9
54c
Jan
3%
17c
_.
--
28c
27,000
Jan
2V2C
Gold
Waite
1.25
12c
Jan
8%
f-; 45c
15
44 %c
1.20
11 %c
••v.:'.
35
25 %c
12c
20%
Jan
'
75
34%
26c
1
Jan
Jan
7%
100
52c
101 % 101 Va
' '
•
83/4
34%
*
common
1.20
11
7%c
20 Va
20
50
*
Uranium
Co
1
Mines.l
Nickel
Jan
5%C Jan
600
-
8
1
Petroleum
Joburke
Denison
,
:
25%
1
Ltd
Jan
49c
*
100
Nickel
Jan
31c
Jan
25 %C
A
class
•
Mines
25%
8%
—
Kenville
Decalta
Jan
6c
1
Preferred
Jan
9VB
8% Jan
24%
Jan
13c
10c
Jan
335
20%
•7%
6
Co
&
International
Jan
1
Mines
5%c
20%
*
A___
Mining
International
Jan
10c
100
____
(John)
Inspiration
'
_1
Coal
Patricia
6c
20%
1
Gold
Acceptance
International
Crowshore
14%
'
Jan
8%
45
5,000
1
Mines
Pershing
Jan
8%
8%
25c
25
Machine
Ingersoll
Inglis
Craig
19%
Jail
28
200
k
''
Jan
Jan
10
preferred
Jan
1.30
1.45
4%
16c
220
2,500
18c
common
Mining
Oil
20
13,600
1.45
20%
18c 18 %c
1.35
10
Paper Box
1.35
20
•
1
Exploration
Conwest
29
Jan
13'/a
25
Bank
Jan
Jan
17%
1,550
18%
14
10,175
28%
•
Imperial Tobacco of Canada ordinary.5
Imperial
Imperial
5,200
16c
Jan
23C
Jan
42c
45c
5,700
42c
Jan
54c
Jan
lie
11c
13c
18,000
7%C Jan
14c
Jan
15c
13c 17 %c
51,500
13c
Jan
23C
Jan
28 Vi
28 %
105
28V4
Jan
28%
Jan
10c
12c
4,000
8c
Jan
13c
Jan
14%
15%
Jan
1
Gold
1
1
Mines
Quebec
Mining
"
Mines
Gold
50c
55c
50,100
50c
Jan
65c
Yellowknife
1
28c
28c
30c
19,000
26'/a C
Jan
32c
Jan
Distillers
Seagrams
2
16%
16%
17
2,395
16 %
Jan
18 Va
Jan
Kirkland
•
23%c
27c 29 %c
2,300
27 %C
Jan
35c
Jan
Kirkland-Hudson
4,045
12%
Jan
18
Jan
Kirkland
25
Jan
26
Jan
Kirkland
.
Jan
Discovery
Dickenson
.
4.50
275
9c
j
10
54,800
320
9
11%
21c
5
Yellowknife
23c
6 %
100
Jan
4.50
8%
11%
Jan
ri
11,325
2
Mines
4.70
4.50'
8%
*
Mining
Dauch
&
1.24
85c
1.24
6 %
26c
3c
I
14%
1
i
Jan
1
Highland-Bell
25%
.1
Consolidated Astoria
2c
Jan
14
85c
2,000
1
2.20
1.00
3c
_1
25%
*
».
Jan
2%c
1
~.
Mines
Howard Smith
Conduits
17
0
Mascot
14
oC
Jan
1
Mines
Gold
Gold
2.23
1
15%
70c
25%
1
:
1,245
8%C
1
-i
16%
Gold
»
Yellowknife
16%
Gold
25
Willans
Plow
Coioniac
3%c
•
-
Dunlop preferred
CocKsnutt
Coin
1
Malartic
Coastal
Jan
16 %
Jan
1.75
Jan
1.60
16
Heva
Citralam
Jan
65c
Gold
Harricana
2.65
80c
Jan
9c
15C
47c
2.55
Jan
54c
—*
ec
1
65c
7,400
__1
Mines
Hamilton Bridge
52c
Mines
8,620
58c
-
Jan
1.45
Centremaoue Gold
Cheskirk
67c
56c
1
Halliwell Gold
Chemical Research
15c
63c
57c
*
Alabasune
&
60c
1
Mines
Jan
1
Oil
Leduc
1.35
•
Castle-Trethewey
Cemral
1,200
1.45
1.42
1
Jan
4c
100
Mi has
Lead
Gypsum
Cariboo Gold
',;t High
Jan
100
Saddlery
ruper
3c
52%
Coal
Great
Jail
9%
Jail
Laxes
500
52%
*
,.
Great
3c
;_50
common
Preferred
Range Since Jan. 1
Low
High
3c
3c
Shares
Jan
24%
55
24%
24
24
Low
—-j>——__1
Great
A
class
Goodfish
Jan
84%
7,465
16%
100
A---.
149%
Jail
148
5
Jan
13
,12% Jan
20
:
85
15%
15%
*
Canadian
325
13
,
14912 149%
25
Railway
Pacific
12%
A
L—1——100
1
Canadian Tire Corp
caray
12 3
100
preferred
4','
for Week
of Prices
Par
High
Low
High
STOCKS-
1
Range Since Jan.
Shares
of Prices
Low
•
common
Sales
Range
Sale Price
Sales
Range
Par
Oil
Week's
Last
Week's
Last
Canadian
'
JANUARY 28
Friday
Frlday
STOCKS-
MARKETS
LISTED
CANADIAN
Monday, January 31, 1949
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(528)
Red
Divertiiied
Dome
Lake
Mining
Ltd
Mines
51c
1
Dominion Bank
Dairies
Dominion
Foundry
Steel
Magnesium
Malting common..1
Steel
Coal
&
class
8Va
Jail
25%
Jan
27%
Jan
Jan
Laguerre
14%
2,550
11
Jan
14%
25
125
25
Jan;
25
■
Jan
Lake
Jail
17%
Jan
Lake
»
237/a
23%
Chemical
&
25
21%
Donalda
Jan
25
Jan
21 %
Jan
,22
Jan
Mines
11%
690
11'/a
Jail
12
13%
249
13
Jan
13%
56c
63c
10,100
53c
21c
23c
16,900
21 %c
*
•
Jan
,64c
Jan
24 Vac
Crest
Leduc
Jan
17c
9%c
East
10c
25,600
32c
1,100
2.13
East
Mines
Malartic
2.30
22,705
2.12
3.05
2/23
....
3.20
Mines
Steel
3.20
3.25
7 Va
7%
10%c
Economic
Eddy
Investment
Paper
class
*
,
Trust
Jan
Mines.
class
Brass
Eureka
Corp
._i
...
57 c
1
Lebel
Jan
Jan
Jan
Lencourt
Grain
Preferred
com
41
Jan
Loblaw
77c
Jan
12c
Jan
Jan
Lunward
4.50
Jan
4.25
Jan
60c
Jan
47c
585
15
Jan
16
37
200
35
Jan
37
7%
7-%
7%
560
6%
116
116
40
112%
Jan
It
7,100
5%c
Jan
2,815
Lynx
i
Jan
7%
Jan
j
,
75
9%
Jan
10
75
11%
Jan
11%
Jan
Fnrd
Motor
2 VH
2 %
Jan
17
17
Cos
Fraser
A
class
23%
23%
2
650
60
V
Jan
17
Jan
23%
'
17
Jan
1,500
9c
Jan
10c
98
98
45
2.42
2.65
25,355
ICO
pref
1,565
24%
9c
Gold
Gair
Co
2.45
.
Power
100
preferred
5'/a %
10c
Bakeries
f.
Jan
General
Steel
10
85%
Mines
Macassa
Jan
106 106 %
106 %
Ware
preferred
Cant. Yellowknife Gold Mines
Lake
God's
Lake
—1
—
2%c
1
1
Oil
66 %c
•
i
5.65
30
9,244
2%c
3%c
5,800
71c
26,179
66
104%. Jan
%c
ir
'}
Eagle Mines
Golden
Golden
Arrow
Goldvue
22,500
Sugar
Jan
2
Milling
Leaf
Mines
Gold
....
Massey-Harrls
...
y
Jan
5.75
Jail
jf
McKenzie Red
Jan
lOVic
Jan
if
McLellan
2V4C
Jan
3V2C
Jail
68c
Jan
74 %c
Jan
56c
102
Jan
McMarinac
Red
McWatters
ii
.
10c
Jan
4%c
Jan
5Vac
5c
1
see
page.
46-
c
9c
,10c
16,000
5c
9c
9c
j
3.15
Jail
lOVaC
Jan
7%c
i
Jan
Jan
/
Jan
Jan
Jan
12c
;.14%
Jan
Jan
15%
Jan
5c
Jan
3%c Jan
82c
.'
Jail
Jan
7c
Jan
9c
78c
Jan
1.08
Jan
29 %
Jan
31 %
Jan
28 %
Jan
29
Jan
^
300
14c
15c
11,100
2.25
2.35
2.25
•
265
45c
IOV2C
Jan
15c
Jan
14c
Jan
16c
Jan
2.10
3,805
Jan
(■
Jan
»
60c
60c
68c
11,100
65c
9%C
11c
18,000
27 %c
27%C 29 %c
7,600
25c
11,500
95c
Jan
"
Jan
;
34c
Jan
t
Jan
Jan
1.10
Jan :>
2.50
74c
13%C
9%c "Jan
1.02
Jan
35%q Jan
9%c
1.04
lie
Jan
HI
Jan
600
14V2c
Jan
1.20
10c
15,325
30%28%
Jan
86c
Jan
*,1.12 Jan
9%
">%
9%
9%
Jan A
1.20
2.70
2.56
2.80
20,200
23c
23c
25c
2,100
2.20
2.15
2.29
14,950
Jail
25c
'
-2.84
Jan
Jar%;,
/,
Jan
30c
;
Jan
2.35
Jan
2.02
Jan
10
Jan
2.40
415
2V2C
Jan
3%c
Jan
96
"•
Jan
3c
3%c
20,500
95
95
20
14
14
25
-10%
Jan
15%. Jan
190
95
•
Jan
:
Jan
ll'A
Jan
1,000
5%c
Jan
5 V2C
Jan
12c
13c
3,000
9%c
Jan
4%c
4 Vac
500
4V2C
Jan
21%
22%
5,110
21%
Jan
22%
Jan
I:
27
27 Va
320
26%
Jail
27
Jan
*1
14%
15
3,292
97
97
10
13C
1
21%
14%
10%
13 %C
14C
14c
54
53 Va
54
40c
40c
7%C
6%c
_____3_1
Lake
15c
15c
43c
7V2C
15 %c-
10c
j
.
10c
Jan
5c
Va;
'f
ji
Jan
14c '
Jan
50Va
Jail
1,290
-15%
Jan
.
-
32%c Jan
V
14c
Jan
800
10c
Jan
Jan
55%
■
;
Jan..)
Jan
21 Vac
12c
Mining
Corp
Model- Oils
,
Moneta
6c
—
-
*
6c
6%c
13,100
1.55
1,000
1.50
*
—-1
;
—
Knitting preferred
i
Porcupine
Montreal Locomotive
,
11%C ll%c
41c
42c
'
1,728
1,700
20%
94
53 %c
16,600
20%
22%-
1,095
Jan
7
.
j
Jan.
j-
Jan
6c
Jan
1.75
I'
Jan
7%' Jan
6%c
Jan
;
1.45
Jan
1.55
Jan
;
IOV2C
Jan
11 %c
Jan
11
•
Jan
94
>-
43c
19%
-
48c
JanI
Jan
'•*, 42c
10
48c
1
_•
41c
'94
^.100
1.00
220
1,000
i
Jan
45c
8c
6%c Jan
3,170
7%
j
Jan
Jan
13%c
9,755
1.75
f
|
98
10,000
7%
if
13 %c. Jan
Jan
13%
94
1.700
1.60
73'8
Brick
Monarch
I;
5
_*
Mentor
||
10 Va
5%c
5%c
•'
Jan
Jan
2.80
Jan
19
4 %c
2,000
95c
Gold
Milton
1,700
1,000
5%c
Jan
Jan
15c
5
f
12c
4%c
65,774
90c
90c
9C
1
'
Jan
11c
4%c
21,210
Jan
3%c Jan
6V2C
15c
1
Lake
Gold
Exploration
—_—
Mercury Mills new common
2fV onn
8V2C
..
.
*
49,325
^100
—*
;•
■
Jan
7,000
7c
•
44c
*
common
Preferred
iv
6c
6.30
8%c
1.4no
4,950
38c
*
Jan
•
6c
6c
:::3o
Jan
3.10
.1
:._i.
common
19c
l(J%c
Jan
18%
;
56,184
;
29%
V 28 %
.1
...
Preferred
McColl-Frontenac
Jan
%. Jail
16c
5c
86c
1.18
10Va
Jan
2.96
4%c
85c
1.16
..1.^1
...——.
8e
Jan
Jan
Jan
—
McDougall-Segur
Mclntyre Porcupine
t
Jan
2.45
;j
106
110%
6c
12%
41c
Jan
6.00
300
30
Maple Leaf Gardens -4-—-
Jan
7%c
3%c
14
16c
10c
4c
1.17
3%c
42c
2.96
15%
.100
8,096
4,900
15%
15
111
pfd
5,500
9c
Jan
Jan
2.25
>
5,000 a'
41c
Eastern
&
Manitoba
55c
7c
Jail
10%
13,500
•4c
..1
18%.c
•
Mines
footnotes
8c
64c
34c
v
100
10c
4c
..1
Mines—
50c
1
Porcupine
Mines
For
4%c
1
;.
Manitou:
Goldhawk
Goldora
_1
...
18%
8c
'
Jan
4.75
Jail
"
A—.
Fields
Gold
Mid-Continent Oil
Gold
18%
"
..1
Gold
Lake
Red
Martjn-MciNeely
Jan
Jan
Jan
Jan
50c
..1
—
Mines..
Gold
class
Export
Marcus
Jan
2
■r
4%c
.1
MacLeod-Cockshutt
MacMillan
Maralgo
17%
'
109%
102
Jan
„1
:—
—
16c
17c
11
Gold
•-V;
102
9c
-
Goldcrest
200
8%c
50c
1
Gold
Mines
5
2
5.35
'
9c
1
Gold
Glooe
Goldale
5.50
18%
..1
:
it
__1
Glenora
110
102
___'100
Gillies
37
110
Jan
3%c
350
28%
—J-—
Mines.
1
87
Jan
17%
100
6.10
Yellowknife
Maple
Jan
2.90
85
....
6.05
1
Manitoba
Jan
93%
87
1.45
Jan
j
Jan
26
Jan
17%
2
preferred
General
2.05
87
87
100
common
6.05
_a
Goldfields
Malartic
Jan
Jan
97%
17%
preferred
oauneau
5%
Exploration
.720
"l
Gold
•1.
Frobisher
6,300
__a
A—
class
i—
Magnet Consoi
/!(
Fraticoeur
42c
2.25
*>
Jan
7c
9%
•
3.145
1.07
12,750
40c
_a
Macho River
Jan
Jan
116
11%
100
preferred
12%
——
MacDonald
9%
Fleet Mfg
Fieury-Bissell
Ltd
Macfie Red Lake
11 %
A
11%
11%
2.20
-1
Jan
2
class
56c
-1
Jan
/
Jan
Fibre Products common.
1,000
II
Lac
Louvicourt
20
Madsen
Fittings Ltd
4c
41c
,3
Mines
B
Jan
4.30
6 %c
4c
_1
Groceterias
Jan
15'%
116
48,325
__
Gold
Class
15
6%c
1.43
Jan
17
Jan
4.25
1
Jan
1.28
8c
Gold
Long
Jan
'36%
-
Jan
10c
—
'
100
...
Federal Kirkland
Little
Jan
!1
Shops
Jan
40
Jan
•
Players
Fanny Farmer Candy
6.50
Jan
_
Leitch Gold
7%
15
•
4.30
•,
Famous
Jan
3Vac
Oil
Leduc-West
19%
6,160
Jan
5.75
6,950
2.20
a
i-r
23%
4,975
0
...
Mines
Oro
3.35
36 %
Falconbridge Nickel
Federal
57c
Jan
5.85
-i
Gold
10c
100
Jan
22
4%c
_•
Lapaska Mines —
Larder
"U" Mines
63c
4,500
-54c
-
12c
19%
17c
52c
La Luz Mines
Jan
16%
Jan
4c
Mining
Wasa
34
13,250
43,850
11c
19%
___*
180
'
Jan
40
190
40
70c
19%
1
A
16%
35
67c
22%
Jan
14c
1.30
Mines
Lang & Sons
j
Jan
2.35
Jan
7
V 155
64c
35
20
1
Gold
Empire
40
16%
25
A
Eider Minos
Eldona
40
21%
a
660
40
.
1.000
Lingman
Lexindin
Easy Washing Machine
15c
Jan
Jan
1.67
Jan
Jan
38c
9%c Jan
30c
7,100
7%
Sullivan
Eastern
10c
Oil
14c
1.32
5.75
Gold
Shore
Lamaque
Jan
31c
Oil....
16,821
3'/8C
Laura Secord
East
East
1.50
a
i
;
Jan
13c
148,700
1.40
5.80
Mines
Lake
Lake
Jan
21 %c
13c 14%c
13 %c
Duvay Gold Mines-
45c
Gold
Lake
j;
Jan
__1
Ltd..,
150
10c
Jan
?
i-
Jan
•
Mines
24
Jan
11%
11%
Woollens
Gold
Jan
20
13
Dominion Textile common
Duiama
23%
22
Preferred
Dominion
190
25
22
16%
23%
25
Stores
Tar
common..*
23%
Dominion
Dominion
2,006
17
Jan
41c
21%
Ltd
Fortune
16%
8C
12,500
'
Dufault
16%
Jan
53,100
44c
—
Mining & Exploration...
12%
14
14 %
9%c
1.41
Townsite
Ldurador
;
Gate
Laxe
(John)
40
495
25
B
Labatt
8 Va
26%
*
Doimn.on
8Va
Jan
6,520
8c
43c
15
Golden
25
0
Dominion
335
25%
8 V«
26 Va
1
Dominion
16%
v.'/;
15%
9c
44c
Kerr-Addison
25%
"
common
&
25
25%
10
Dominion
15%
i57/8
*
if.
94
Jan
Jan
60c
Jan
23%
\
Jan >
jJan .1
&' FINANCIAL
COMMERCIAL
THE
Number 4773
Volume 169
CANADIAN
LISTED
RANGE FOR WEEK ENDED
Week's
Last
Corp
Low
Friday
Jan
-
73'A
Jan
Siscoe
Gold
10c
9c
Mylamaque Mines
10c
4,500
9 'Ac
Jan
12c
Jan
Sladen
9c
Mosher Long Lac
9%c
4,500
8Vac Jan
12c
Jan
Slater Co
Malartic
(N)
National
Drug
preferred
40
11
__5
s
National Grocers preferred
100
11
80
28
28
20
40
11
25
28
Jan
40
10% Jan
Jan
28
125
40
Jan
Southam
Jan
South
Hosiery class
A
_
Class B
Petroleum
National
Sewer
National
Steel
National
class
28 V2
30
45
30
Car
10
—
100
104
12'/2C
New
Bidlamaque
Calumet
New
Co
Oil
104
70
103%
Jan
104,
12 J/bC
Marlon
Gold
New
Norzone
New
Pacalta
New
Rouyn
New
Oils
Noranda
13,850
Jan
Steel
Co
Mining
i
18'/2
Jan
19%
Jan
4,500 A
20J/2c
23c
Jan
20c
21c
1.40
11,500
45c
Jan
1.35
Jan
Jan
1.42
51C
5,083
7
2,634
6 J/4
Jan
7
Jan
83
83
20
82 'A
Jan
83
Jan
3,175
8V2
8
8V2
20%
21
5
10
66c
Jan
45c
475
5
♦
1
:
5,900
63c
7
Jan
20%
Jan
54c
Jan
8%
Jan
21
Jan
5
Jan
5
Jan
60c
Jan
Steeloy Mining
Steep Rock Iron Mines
Jan
23c
Jan
Jan
6c
10c
Jan
18c
Jan
14c
34.493
11c
Jan
14c
Jan
Sudbury
7,030
7V2C
Jan
He
Jan
Sullivan
Cons
5
13
Jan
13%
Jan
82
325
80'.'2
Jan
84
Jan
80
85'A
110
80
Jan
86
Jan
7c
4,000
Jan
8'Ac
Jan
Jan
1.70
Jan
83
;»
5c
1
1.60
1.60
1.70
6,967
1
Contact
9c
Jan
13
Va
81
20c
20c
20c
4,000
17c
Jan
20c
Jan
10c
6,000
8V2C
Jan
10%c
Jan
1.68
1.63
1.75
8,000
1.41
Jan
1.90
Jan
V2C
9,500
7%c
Jan
10%c
Jan
1.27
Jan
1.55
Jan
28V4
Jan
51
Jan
5
Jan
10
Jan
Jan
156,900
74c
13
13
*
common
25
17c
60c
6J/2C
*
Canada
of
4V2C
23c
42,100
6c
5,500
5c'
River
Sturgeon
23c
9,775
19c
Jan
26c
Jan
7c
9c
4,000
6c
Jan
8c
Jan
Sylvanite
74c
73c
77c
36,625
73c
Jan
84c
Jan
1.10
Gold—
1
Mines
Tamblyn Ltd
1.10
400
1.07
Jail
1.15
58
5,760
54 V2
Jan
58%
Jan
12c
14c
5,500
12c
Jan
20c
Jan
4c
4 Vac
1,000
4c
Jan
4%c
3.40
3.75
140,395
Jan
3.75
_50c
Gold
Mines
Jan
7%c
8
1.55
1
1.42
10,170
26%
26%
27'A
100
27'4
Jan
51
130
50'A
Jan
5
5
190
4%
Jan
10
9%
9%
9%
25
9%
Jan
1
L.
1.30
*
„
1.40
2.60
2.60
2.84
14,289
2.54
Jan
1.80
1.80
lbl)
l.io
Jaii
lie
15C
51,40J
8'Ac
Jan
15c
Jan
58c
64c
3,375
51c
Jan
69c
Jan
Jan
12c
Jan
50
51
Jan
3.40
9c
■—1
Inlet
Preferred
Jan
57V4
*
Mines
180
6%
Preferred
Jan
64c
1
—
19
•
Gold
Olsen
Stedman Bros
19c
*
Malartic
Normetal
Jan
2.35
Starratt
Jan
9c
Jan
Surf
5
Mines
Nor gold
13c
Jan
2.10
1
Nipissing Mines
18 Va
___•
common
Radio class A
7c
•
49'/2
100
23c
Mines
Norbenite
Jan
4V2C
8 c/
8c
Yellowknife
Nicholson
12VaC
12'Ac
12 'Ac
Thurbois
Nib
■
11c
Merger
23,367
10c 13V20
5c
Jan
Jan
Jail
104
82,300
20c
21c
Gold
Jan
49
*
9c
Jan
26'A
150
1.35
*
13c
56c
Jan
Jan
50
49
20c
Standard
2.33
23,896
Jan
34c
26'A
1.38
Jan
7c
67c
Mines
Preferred
Jan
2.46
2.23
60c
26'A
High
44c
*
26
0
Jan
29
Jan
Jan
•
Standard Paving common
Preferred
23 Va
2.16
25
27c
49
I8V2
—A
Standard Chemical
"Jan
Jan
Jan
50
2,000
26
—
Brazeau
Stadacona
Jan
Jan
22V2
400
9,950
65c
Newnorth
32
29
"2.23
Jason
Jan
2.40
7%c
New
New
47c
29
2.30
Mines.
22%
16
16
Jan
2.25
_
*
preferred
22%
22%
22V2
*
1
Jan
Jan
27%
9,000
Jan
31c
Low
Jan
15%
15%
35c
450
41c
--
Trust
(Wm)
16
35c
—
39 c
A
Negus Mines
Neilson
—•
50
15%
■
25c
Pipe
15%
15%
*
*
National
38c
——50
Springer Sturgeon
National
14,650
Jan.,,
IIV2
41c
29c
20
-
Range Since Jan. 1.
High
37c
37c
1
common___
Shares
Low
1
Prefeired
National Breweries preferred
for Week
of Trices
Par
High
Low
72
530
Sales
Range
Sale Price
STOCKS—
Week'#
Last
high
73
72
72
common.
MARKETS
Range Since Jan. 1
Shares
45.
JANUARY 28
for Week
of Prices
Par
Moore
(529)
Sales
Range
Friday
Sale Price
STOCKS—
CHRONICLE
58
3.05
Taylor
Pearson common
Preferred— —:
Tech-Hughes
Texas
'
Gold
Mines
Oil
Canadian
*
•
—r,
5
—
Thompson-Lundmark Gold Mines——.*
Gold Mines—i;
Norseman Mines
1
12c
IOC
13c
62.000
10c
Jan
13V2C
Jan
1'
8c
7.V2C
8V2C
28,500
7c
Jan
12c
*
55c
55c
55c
3,800
49c
Jail
60c
Jan
33c
35c
8,000
30c
Jan
35c
Jan
Tombill Gold
4c
4c
1,000
3%c
Jan
4'Ac
Jan
Torbnt
8
8'A
Jan
8%
Jan
3.10
Jan
1.80
Jan
Jan
Northern
13c
■:
Norpick
North
Canada
Inca
Northland
North
Gold
O'Brien
1
Mines
Star
Oil
Gold
Okalta
Mines
1
Mines
Omega
Omnitrans
Exploration
1.95
1.70
1.80
1.40
1.46
1.300
Jan
15c
6,000
14c
Jan
15'Ac
4c
6c
5,000
4c
Jan
1
6c
6c
—
1.70
6,260
1.40
5%C
9,000
Jan
Jan
——I
*
Silver
10c
1
2.000
8c
1.16
131,350
87c
Jan
10'A
25
10'A
Jan
11
Jan
163
163
13
161%
Jan
168
Jan
11%
12
210
11%
Jan
12
Jan
5
100 Vb
Jan
1.07
Toronto Elevators
General Trusts
11c
1.05
10'A
Mines
100
163
.
..
1.23
Jan
Jan
1.62
14c
1
Gold,
Toronto
1.40
:•
*
Gold
1,725
15c
i-A--*
Malartic
7
1.72
1
Oils
O'Leary
8'A
*
common
Toburn
Works
Jan
Toronto
Jan
Toronto
Mortgage
Jan
6c
Traders
Finance
Iron
Jan
6%c
Transcontinental
Twin
class
A_
11%
50
—
preferred
100 VB 100 VB
90
100
Resources
Jan
50
69c
18,700
7%
•
City common
100 J/2
90
7%
50
7%
Jan
7%
Jan
9
9%
8%
Jan
9%
Jan
11c
65c
66c
._*
90
Jan
90
Jan
66c
Jan
77c
Jan
'
Orange Crush
Orenada
Orlac
Red
Osisko
.
15c
(Eastern)
Pacific
Hershey
Pamour
8c
7'Ac
8c
2,500
7c
Jan
86c
92c
36,600
85c
Jan
14c
13%c
16c
26,200
13%c
Jan
1
—
Porcupine
Western
7'Ac
7'Ac
7'Ac
1,000
Jan
Union
Gas
Jan
Union
Mining
Jan
United Corp class A
United Fuel class A preferred
Class B preferred
Jan
9c
1.06
Jan
18c
Mines
Ltd
2.70
2.70
2.95
35.850
2.66
Jan
3.05
38
3 8 J/4
580
36 Va
Jan
38'A
1.00
1.29
Jan
4c
Jan
8c
United
Jan
Jan
Oil
*
--
Pen-Rey
15 %C
Gold
1
Mines
1.13
4,855
7c
8c
10,833
Pickle
Pioneer
12'Ac
Jan
Jan
Jan
8c
Jan
Vicour Mines
4%c
2,500
3%c
Jan
5c
Jan
37c
29c
13,400
36c
Jan
19J/2c
42'AC Jan
26,200
9c
Jan
12c
70c
Jan
89c
Jan
2.05- Jan
2.34
Jan
Westeel Products
Jan
3.65
2.15
3,658
3.50
1,530
3.10
Western
8c
Jan
*
41
41
41 %
1,415
40'A
Jan
42'A
Jan
93c
93c
3,500
71c
Jan
1
Flour
Purity
Mills
;
—
Queenston Gold
Mining
Quemont
.
Macdonald
Reeves
Roche
Silk
Long
class
16%
11%
12 VB
2,100
11
Jan
class
1.46
1.52
5,370
6c
7 Vac
2,000
9
9
120
9
51
51%
70
51
7%c
—
Jan
2.94
Jan
7%
1.84
6.00
6.25
4,704
5.65
Jan
6.40
Jan
10%
10%
.50
10%
Jan
10%
Jan
8c
9c
3,000
Gc
Jan
9'Ac
Jan
2%c
3c
8,000
2%c
Jail'
26c
26c
2,500
26c
Jan
13c 14 Ac
25,506
8%c
Jan
27
Jan
St
i
St
Lawrence
2nd
.
j;
San
n
Antonio
Sand
Gold
Mines
Yellorex
Yellowknife
62c
Jan
16'A
16'A
17
7,784
15
Jan
17
Jan
6c
6
!/BC
'
River Gold
2.85
Jan
3.75
25
10
Jan
11'.
4
Jan
2.000
10c
Jan
13*2C
Jan
500
7c
Jan
9c
Jan
■
36%
37'A
540
36%
Jan
37%
Jan
/
22
1:
-v.
24
380
22
Jan
24
Jan
31
31
25
31
Jan
31
Jan
23
-
—
23
100
23
Jan
23%
Jail
;•
99
J
:-
23
100
99
4,700
6c
Jan
8c
100
155
Jan
100'i
Jan
36c
218,650
8c
Jan
37c
Jan
9 'A c
4,000
8c
|
Jan
11c
Jan
7'Ac
9c
55,100
I
7'sc-
Jan
11 %c
Jan
York
32'A
1,965
Sl'A
Jan
34%
Knitting
i
Jan
99
99
99
30
98 J/4
Jan
99'2
Jan
5c
4%c
5c
13,000
4c
Jan
6%c
Jan
19'A
19 %
19 %
50
19%
Jan
19%
Jan
2.20
2.15
2.25
5,995
2.15
Jan
2.50 Jan
32
1
Bear
Yankee
I
26c
.
5
Mines
Ymir
?
.
Mines
Girl
class
21c
r_
A
*
3
18c
Jan
21c
Jan
76c
5,470
63c
Jan
80c
Jan
5'Ac
14,700
4'Ac
Jan
6c
Jan
;//T
7
———*
—
21c
73c
■
_•
—
I
4'Ac
——I
—
33'A*
7
80
6'A
Jan
7
Jan
j
3
60
3
Jan
3
Jan
1
3
2,000
Jan
Jan
2.25
2.15
2.25
300
2.15
Jan
2.40
Jan
7%
7'A
7 J/2
20
7%
Jan
7%
Jan
30
30
50
ll'/ac
11c
13c
14,700
45c
49c
13,500
25'A
25%
25%
850
28'A
28
28'A
Toronto Slock Exchange-Curb Section
Jan
30
Jan
11c
Jan
40c
Jan
49c
Jan
25
Jan
25%
Jan
30
16'Ac Jan
Canadian
Last
13c
16c
8%c
7'Ac
9c
18
181/2
Jan
19c
Jan
6c
495
28'A
JanJan
10c
Jan
Asbestos
17%
19,200
78'/a
Jan
13c
22,000
Jan
18%
Jan
British
Corp
Co
Sales
for Week
25 V2
25 J/2
Pulp & Paper com—*
common
"Week's
of Prices
Low
_*
Columbia
110
Shares
Range for
year 1948
Low
High
26
180
112
90
2512
High
Jan
26
Jan
112
114
Jan
Jan
1
8%
70
8%
Jan
13%
25
13%
Jan
14
Jan
84
Jan
86
Jan
Canada
41'A
Jan
42
Jan
Canada
3.80
Jan
4.40
Jan
Canadian
Industries
Jan
5c
Canadian
Vickers
3%
4
3,000
3%
Jan
4
Jan
100
100
i02
195
101>2
Jan
103
Jan
•
22 Va
530
Jan
Ingersoll
3%
100
8%
13%
13%
~99
1
86
86
53
41 %
41'A
41%
145
4.00
3.80
4.10
7,178
4'Ac
5c
G;900
4 J/2C
Price
Par
Canadian
8%
Sale
Funds
Range
Friday
23
4,006
13c
1—1
.
11
9c
»
_
Class B
4,200
1
Ltd
'
i
1
Jan
Jan
3.75
1.025
_•
Gold
Jan
Jan
Jan
45c
3.25
27'A
100
common
Preferred
Winora
66c
60c
90c
4,912
1
—-
1st preferred
Paper
preferred —£
Jail
Jan
Q
4
11c
26C
Wool Combing
5,475
^1
Corp new common
2nd preferred (new)
-V
•
Lawrence
Jan
28 V2
14
•/
Winnipeg Electric
Brown
<t
Jan
26c
11
36%
*
Wright-Hargreaves
82,150
•
-'■Russell Industries common—1
5C
10'AC
7%c
Jan
53c
1
1
A
2.20 Jan
9c
Gold
Jan
1.00
*
Oil
.
8'Ac
9'A
1.04
11
100
52 '/a
65c
66c.
27
—
.
Jan
47c
3.45
—
*
—
Jan
95c
10
Roybar Chibougamau
Rupununi Mines
1
'
Jan
6.10
'
Jan
Jan
|
Jan
6%
STOCKS—
Royalite
'
1.52
*
»
common
Jan
65c
"
Co
.
9,800
*
common
7'Ac
Jan
95c
1
Royal Bank
Preferred
Jan
1.65
1
*
A
'
1,425
100
(George)
Wiltsey-Coghlan
12% Jan
1.50
*
A
Lac
Oils
Roxana
Jan
1
Textiles
Riverside
Jan
16
1
Mines
Renfrew
70c
395
1
1
Regcourt Gold
Renabie
5.100
1.44
Grocers
Wingait
81c
16 J/2
*
i
i
Quebec Manitou
;
26,700
27
—
Jan
80c
1
1
Labrador
Quebec
Jan
Jan
8
7%
Winchester Larder
12
40
-——
17 1
1.65
.1
Jan
16'A
—
10
common
Preferred
Weston
1.021 Jan
90c
1
1
Mines—
Jan
2.94
*
Preferred
Jan
Mica
!
17
Jan
2.05
44c
Purdy
Jan
285
Jan
7%
•
W)
common
Wekusko Consol
Jan
Metals
2.62
13c
West Malartic Mines
Jan
East Dome—,——————1
&
Jan
5c
Preston
(G
Jan
8c
38c
*
(Hiram)
14c
52,867
7.700
Pressed
51'A
1.56
„•
26
50
11c
11,000
certificates
Jan
7%
—1
i
Jan
26
8c
6c
trust
50'A
1.60
3c
——
Jan
26
26
40c
Corp
2.80
*
1
Oils
Walker
37c
Voting
285
■
Waterous Ltd
5%c
Power
17
30%
Jan
4,700
37c
Gold
17
—1
——
Amulet
12c
5%c
River
17
Gold;:—______—
Vulcan
85c
1
Rouyn
25
_
.
11c
1
Powell
>■'
Villbona
;
Waite
Porcupine
Powell
51%
Viceroy Manufacturing
5'Ac
Porcupine Peninsular
Gold
51
14c
Jan
•
2.500
.
Gold
Reef
51 »/4
Jan
1
16,100
3.15
Mines.
Gold
.—50
11c
28
*
6c
2.10
Porcupine
Crow
30
*
13c 15 %C
lie
*
———
28
Ltd
Ventures
85c
11c
1
Photo Engravers
Piccadilly
—
1
Gold
Perron
28
Mines
4c
1
Mines
13c
28
steel
Canada
6c
1
Cons
11c
*
Hill
Keno
United
Upper
'
Paymaster
1
7,610
3,500
Jan
1.06
*
—
9%
•
Jan
38
1
Parbec Malartic
•
Jan
9c
*
Mines
Paramaque
■
Jan
6'A
19c
1
Tubes
Pandora Cadillac
Pan
Jan
88c
Petroleum
Page
8V2C
_1
——
Pacific
Jan
5
425
22.800
G
1
1 '
Mines
Mines
C'A
15c 15 %c
6
I
—
Lake
Lake
Osulake
•
A--
Gold
5c
9%
Jan
Preferred
:
.
•
.
v
•
//
and Dominion Sugar
-
:
22 '/b
22%
22%
Jan
13'A
13'A
13'A
90
13'A
Jan
13'A
Jan
21
21
21'/a
180
21 J/2
Jan
22
Jan
77
77
25
77
Jan
77
Jan
75
77
290
75
Jan
79
Jan
137
Vinegars
141
190
135
Jan
143
Jan
*
common
■
20
Jan
'
'
:
!■.
m
.
":V '
Sannorm Mines
Senator
8c
1
Ltd
Rouyn
Shawinigan
-
:
■
Water
1
&
Preferred
Power
J
com—*
100
41c
24
—
8c
1,000
8c
Jan
10c
Jan
40C
43c
40c
Jan
49c
" Jan
23'A
Jan
24 'A
47
Jan
48
24
24'A
43,700
:
902
47
47
50
Sherritt
Slck's
4,500
2.40
2.33
2.59
51,573
20
20
100:
20
17
17
325
16% 'Jan
17 >/4
16%
230
16 Va
17
—20
preferred —•— 1
Breweries
1.60
16%
Gordon.
Shirriff's
1.53
1
Sheep Creek Gold
1.55
17
common
Voting trust certificates
Sigma Mines .(Quebec) :
Silanco
Mining
Silknit Ltd
7.90
1
53C
52c
54c
138,750
13
13
100
37c
37c
39c
20,200
5
———
1
Mines—
2.10
400
———1
——
common
Silver Miller
7.60
1.45
7.50
45c
-
Jan
•
;
:
B
Silverwood
Western
*
9V2
Dairies
pfd
Jan
Canadian Western Lumber
9V2
9 V2
425
100
3%
3%
3%
1.260
3%
50%
51
264
50'A
Jan
53
Jan
17 V*
17'A
17%
1,761
17 J/4
Jan
18
Jan
43c
43c
1,300
38c
Jan
45c
Jan
33 V2
32'A
34
430
1-1%
Jan
34
Jan
19%
20
200
19%
Jan
20
Jan
3.30
3.15
3.36
3,325
3,05
Jan
3.65
Jan
28 Va
28'A
29'A
•340
53
53
56
2,035
1.50
1.50
1.50
500
—
Jan
Jan
2.59
2OV4
Jan
Dalhousie
Oil
•
Jan
Dominion
Bridge
*
Jail
Donnacona
Jan
3%
Jan
Jan
Jan
Jan
Jan
35c
Jan
Consolidated
Paper
Jan
Foothills
54c
Jan
Jan
*
Hayes Steel
13
International
8.25
/v'
■>
Paper
Oil
$
•—
*
Paper
common—
27
J an
31%
Jan
53i4
Jan
58
Jan
1.50
Jan
50'4
Jan
52'
a
Jan
21
Jan
22 SA
Jan
26%
Jan
42V2C Jail
Jan
9V2
Jan
Jan
7%
Jan
_
7'A
7'A
184
94
..10
94
Jan
94
50 'A
52%
55
20»2
20%
21%
645
26%
26'A
26'A
■
*
1
1.50
Jan
Jan
&
Ontario
common
Minnesota
Paper—_
"
A
10
26'
2
Jan
5c
5c
3.000
4"BC
Jan
5c
Jan
5.80
6.70
25.572
5.50
Jan
6.70
Jan
41c
41c
35
'
Simpson's Ltd class A
Class B
.100
Preferred
For
29%
footnotes
see-page
46.
29%
29%
120
28%
Jan
30
Jan
Oil
25'A
—
—
25%
25 V2
222
23 V2
Jan
26 JA
Jan
Fend
99
99
255
98
Jan
99 V2
Jan
Southmount
99
.
Selections
-
_
Oreille
-
Investment
_
1
J*
6.15
41C
^Jan
41C
Jan
■
j
Jan
Jan
13
9%
7'A
2
Westingliouse
1.60
94
7'A
100
Jan
Ogilvie Flour
Class
76
"
Langley's Ltd common
Silverwood Dairies class A
*
common
Preferred
Canadian
-50c
Rand
,
46
(530)
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
Monday, January 31, 1949
OVER-THE-COUNTER SECURITIES
Quotations for Friday January. 28;
Investing Companies
Mutual Funds—
Affiliated
Fund
series
Blair
Boston
fl
1
1
18.80
20.32
7.67
7.68
15.98
Invest
Street
14.78
5
Corp
3.60
3.76
3.62
3.29
Bullock
1
Ltd
Fund
4.10
34.02
12.79
13.84
Christiana
com__100 3,030
Securities
Preferred
100
j.
shares
Petroleum
1
13.50
25o
1.36
-1-%S
Apr. -15.
Loan
point
a
Bid
i
1949
"
v
Banks—
Ask
'
Nation-Wide
Balanced
7.19
1
13.00
14.20
1
12.86
l%s Jan.
101.20
13.80
1
7.91
8.55
1
6.70
1949_.
1949
22,
15,
\
100.3
100.2 V
100.4
100.1
20,
1950
*
-^100.7
100.3% 100.5
100.5
_
•;
119%
.1961
Canal 3s
121
.
U. S. Certificates of Indebtedness
Dollar
Maturity—
1
6.29
6.87
1
6.67
Int. Rate
Bid
Price
Ask
f
Treasury Notes—
lApril 1, 1950
7.32
Maturity—
Certificates-of Indebtedness—
7.29
I
Stock
Sept.
11.95
series
Preferred
JUly
1-%S
26.36
11.05
Ino_
Bond
101.12
-1.65s
Panama
Securities—
Priced
'
Other Issutt
National Security Series—
Low
98.22
7.88
24.38
,.1
Fund
98.20
98.30
98.12
—,
4.45
Investors- Corp
Bond
1,
Jan.
4.45
1
Invest Fund
lYsS May
1 %s
4.03
4.04
4.04
lOo
Mass Investors 2d Fund
National
3.65
lo
lo
Manhattan Bond Fund lnc
5.82
14.75
1.50
5.35
lo
;
shares
shares
Mass Investors Trust
147
1
Investment
Commonwealth
3,180
142
Home
100.2
of
more 32nds
or
3.63
Furnishings shares
Steel
5.10
31.64
1
Trust
Fund
Chemical
17.60
16.06
1
1
Ltd
Fund
Inv
Shares
Century
99.28 '
one
Federal
Ask
'•'V
3.99
lo
1950-1948
1952-1950
1, 1953-1961
2%s Feb. 1, 1955-1953
3.97
3.41
Bid
,
1 %B OCt. 1,
3.27
lo
Federal Land Bank Bonds—
3.77'
2.96
Mutual
Canadian
Ask
3.42
Paper
27/a
10c
3.52
None-Ferrous Metals
96.35
lnc
3.19
Home
5
2%
92.50
Bid
lo
Business Equipment sharea_lo
7.60
15.49
1
Par
shares
Drug shares
lo
Electrical Equipment shares.lo
General Industries shares
lo
9
•
Bowling Green Fund lnc
Broad
7.03
14.25
4%
Corp
Fund
Automobile
4.02
■«
8%
1
of America
Tr
Mutual Funds—
Figures after decimal point represent
Managed Funds—
25%
-
3.67
2
A
Holdings
Inv
24>A
1
Axe-Houghton Fund lnc
Axe-Houghton Fund B
Beneficial
Corp_,
Bond
5.06
3.99
Oilstoclcs
Standard
Shares
10
Shares
Ask
4.60
3.65
iy*
Corp
Business
Associated
Bid
J
1
lnc
Amerex Holding
American
Par
Securities
Aeronautical
Obligations Of Government Agencies
Series
Series
vv
l3/8%
100.1084
tll/a
Mar.
tl'/eS
.1315
Ask
Bid
ApT.
1949
1,
100.0002
100.0024
99.9822
.0050
.0122
.9888
.9824
.0297
Shares—
23.79
15-30
1
Fund
20c
5
Equity Fund lnc
Inc_
Fidelity Fund
3.81
24.54
1.90
24'A
10
22%
1
5.07
2
13.07
Fundamental Trust shares A—2 ,/, P.74
Corp.-,
Boston
First
General
Capital
1
1949
100.0164
1
5.75
6.28
tl 'As
Dec.
15,
1949
100.0241
.0414
1
3,41
3.73
100.0079
.0260
3.21
3.51
100.0098
.0296
13.86
14.86
New
Group Series
England
York
lo
1
8.64
5.81
6.08
6.66
9.62
10.54
stock
Bank
1
b-1.50
1.30%"
10.02
10.98
Oils
Pacific Coast Invest Fund
9.81
Public
shares_lc
7.16
7.77
Railroad
lc
5.54
6.02
Railroad
lo
6.91
5.30
7.50
5.76
lc
7.12
7.72
lc
2.45
2.68
Petroleum
snares
preferred stock
equipment
1
1
7.62
10.98
1
9.40
1
9.00
1
8.30
15.20
10.67
5.78
5.09
6.23
1
8.02
1-49
bl.50
1.35%
1.65%
1-49
bl.55
1.45%'
5-
2-49
bl.50
1.35%
1.60%
12-
1-48
9-
1-49
bl.55
1.45%
1-48
5-
2-49
bl.50
1.35%
1.60%
1-
3-49
10-
3-49
bl.55
1.45%
1.55%
2-
1-49
11-
1-49
bl.55
1.45%
10.94
Insurance
stock
Utility
equipment
Steel
Tobacco
1
United States
6.83
Bid
Trading,—8
bl.14
0.85%
March
1849
24,
1949
bl.16
1.10%
bl.15
1.00%
March
17,
ly49
31,
1949
bl.16
1.10%
bl.16
1.10%
3.72
4.05
Putnam
15.28
Feb.
4.39
4.77
Republic Investors Fund
1
2.41
2.64
Feb.
lc
4.92
5.35
Russell Berg
1
25.47
27.39
lc
4.21
4.58
Scudder, Stevens & Clark
Plan
lnc
Fund
Selected Amer Shares
1.64
Shareholders Trust of Boston., 1
19.96
21.58
>
..
Aviation
Bank
Group
Group
State
shares
lc
shares
lc
and
Bond
Group
America
83c
74c
1.10
*1.00
lc
■,
1
lnc
10c
Investment
Corp.*
Inves
Street
Co
12.13
13.29
Television
Union
24.20
26.30
Series
lnc
6.79
7.44
Series
Investors Management Fund
1
12.80
13.08
1
27.09
28.33
United
Wall
Fund series A
B-2
(Medium Grade
B-3
(Low
B-4
(Speculative
K-l
Bonds)
17.50
6.00
23.50
16.07
17.53
1
10.22
Whitehall
17.25
Wisconsin
1
9.36
15.80
19-84
25.70
13.37
11-02
4.33
1
(Income pfd Stocks)
4.61
1
(Appreciation pfd StkS)_l
S-l
S-2
(Quality common Stks)_l ■'
(Income com Stocks)
1
S-3
(Appreciation com Stks)_l
S-4
(Low Priced com Stks)
Knickerbocker
Fund-
Loomls Sayies Mutual
Fund
Fund
Second
1949
1.11%
bl.16
1.16%
17,
New York
18.62
Bank
18.81
Bankers
9.50
16.55
18.07
1
15.25
3*29
12.03
Series
Trustee
100
Trust
Ask
24%
38%
40%
99%
102'%
85%
88%
34%
36%
41'A
Manufacturers
Trust
Morgan
&
National Bank
&
Co
20
38'A
40'A
10
Bank
&
National
Trust—
New
Series
52%
54%
Publlc
6.61
7.60
Empire Trust
50
84
87
2.17
2.47
Sterling
Feneration Bank A Trust
10
133A
14%
Title
Fiduciary
1955
10
31
33'
United
1
Trust
'
Recent
Bonds—
.Aetna Casualty & iurety
Par
Aetna
Arkansas Pow & Lt 3%s
Bid
Home
8
xo
80%
—10
52'A
54'A
Insur Co of North America
10
1978
Ask
107
10
54%
56%
Jersey Insurance of N Y
20
40
28
Insurance—i.
64
Life
Agricultural
Maryland Casualty common
American
Alliance
American
Automobile
American
4
American
Equitable
12%
14
8
Assur
45%
5
Casualty
23%
21-
23
13%
Fidelity & Casualty_5
Merchant
Ask
102'A
103'A
Newark
2%
17%
19
,_10
28%
30%
National
63%
Union
American
25
61'A
10
Surety
-
36%
Causalty
A
Shippers
65
20
21%
10
84
10
53%
General
Casualty
Crum St Forster
Life
35
Pacific
Employees Group Assoc
Employers Reinsuraiice
Indemnity
33%
35%
•
New
York
Fire
Fireman's
Fund
of
Frisco
12.50
23
10
Reinsurance
84
Republic
27%
29%
3
Corp
Security
Olobe
St
5
10'A
11'A
30
33
American
15
5
'
10
Hartford
Fire
lo
Hartford
Steamboiler
10
Utilities
1978
Elec
3s
Du
100%
1003/*
101
102
Hill
215
*
-
38%
40%*
813/4
84:,/4-
&
Trust_17%
38%
25
&
Trust
64
12
100
-
40%
/
67
83/8
Surity
595
Ohio
•
Ask
23%
24
Power &
93
96
convertible
Florida
Light—
100
(Allen B)
Pow &
Laboratories
preferred
Lt 4%%
20
pfd_100
1978
103
-103 %
21%
90%
92%
100
102
104
102%
21'A
England Gas & Elec—
4% % preferred
•
Power
3s
1978
1023/4
103'%'
Y
State
4.50%
100
88
100
Electric &
106
100
107
108%*
pfd-100
164
105%
104'A
105'A
108
109
89%
Gas—
preferred
Pacific Pwr & Light 3%s—1977
100
104
101
Okla Gas & El
104%
Penna
514%
pfd
)
Edison
3'/4S—
1977'
%
Po'w & Lt 4.60%
Potomac
Public
Elec
Serv
&
Gas
3s_1963
Pub
Ban Diego Gas & El 3s
1978
West Penn
104
Power
3s
1978
103
103%
102%
103'A-
3s—1978
Power
102%
pfd__100
(Colorado)
4.40%_100
Service (Indiana) —
Public
preferred
Service
5 'A %
Wise-Michigan
4.70%
Ser
Public
50%
90
Edison
k
6%
88
87
Bid
Refining
New
10
3%
35
of
100
New
preferred
85%
83%
Mexico_7
143/a
100
101%
103
100
102
_______
103'A
3%
2
5 !A
27%
14%,
12%
79%
31%
33%
n
-
Tucker
-
-
50%
32%
343A
Springfield Fire & Marine
10
45%
10
32%
34%
a
Odd
33%
122
35%
lot sale
(not Included
In
year's range).
47%
Travelers
100
1
U S Fidelity & Guaranty Co
U
S
Fire
640
665
2
53
Fire
10
new
T23A
1
included
change.
in
n
year's
range),
e
Ex-interest,
Admitted to trading N. Y. Curb,
(Un) Admitted
to
Unlisted
f Flat
r
Corp "A"
1%
13%.
b Big yield price,
price,
Cash sales
k Admitted
d Deferred delivery
to
listing
on
N.
Y.
(not Included in year's range).
Trading -privileges.
*wd When
delivered.
1%
saies
(not
Stock
Ex¬
t Ex-stock
wlWhen
Issued;
55
4
U S Guarantee
Westchester
•
./82%:
10
Standard Accident
:
35
i
Eastern Transmission
| 29%.
6
81
33%
119
Tennessee Gas Transm's'n Co—
4 'A % preferred
100
37
10
(New Haven)
-
9%*
565
Par
&
preferred
preferred
Mont
5%
•'
1978
England Power 3s
dividend.
■
Banover Fire
209
12%
Trust
Oil
conv
5.40%
•
N
10
(N Y)
(Texas)
Seaboard
50
com—15
100
16%
48
Oreat
3s_—1969'
-i-
Texas
3
10
-10
10
65%
lnc
101'A
16
Preferred Accident
;
Falls
Fire
States
Narragansett
27
Providence-Washington
52%'
39
5%
65
Bank
States
3.50%
Glens
Globe A Rutgers
2nd preferred
45
14%
Co.
50%
Kentucky Utilities 4 3/4% pfd-100
32%
43
25%
St Paul Fire & Marine
Republic
30%
5
Northern
83
166
62%
5
General Reinsurance Corp
37
——2.50
River
15%
10
Firemen's of Newark
96'A
6'A
2
Northeastern
81
20
Phila
100%
8%
Fire
£2%
62 ;
59%
10
10
Fidelity St Deposit of Md
of
31%
7%
8
Phoenix A.
Federal
Assn
29%
4
10
Fire_
10
lnc
1979
—1967
55%
37
Pacific
Connecticut
3s
Potomac
North
Continental
Steel
Packing 2%s
.Louisiana Pow & Lt 3%
84
63
20
Stocks—
29
5 4'A
Fire
8
Fire
Gulf
233A
27
52'A
Casualty
Hampshire
10
Camden
22%
2
New Amsterdam
Co
25
49
10
25
Boston
46
24 %
Fire
46
National
$1.20
Black
Cudahy
15%
(Detroit)—10
New
Bankers
14%
8
Assur
Fire
National
Automobile
Bethlehem
30%
44
New
Re-Insurance
American
Nat'l
Ashland
111
■
fl
Bonding
Fire
National
American of
29 %
15%
Massachusetts
Merchants & Mfrs
American
1
$2.10 Prior preferred
10
$1.05 Convertible preferred_B
24%
10
v
44
Trust
Guarantee
67
!
Aetna
16%
1,415
Security Issues
Bid
-
1
31
15%
2.29
Companies
Ask
274%-
29
25
3.35
1
Co
265%
100x1,375
City Bank
York
1
Series 1956
P)
10
Ask
1,255
11
Corn Exchange Banx A Trust_20
(J
2.00
E
100
Bank of Commerce_10
3 9'A
Bid
-100 1,195
Trust
Industrial
10
Trust
Shares—
Independence Trust Shares
Bank
15
Commercial
North Amer Trust Shares—
44.44
Bid
National
Guaranty
16
100
Stamped
4.73
91.44
Par
First
339
Chemical Bank & Trust
3.57
5.05
Insurance
Par
26%
324
Chase National Bank
16.40
Co— _1
Bid
Co__ 10
York
Hanover Bank & Trust 20
Continental
Diversified
1.11%
City Banks & Trust Cos.
Irving Trust
Kings County Trust
Lawyers Trust
Unit Type Trusts—
28.04
Manhattan
Brooklyn Trust
Central
21.65
14.59
the
Bank of New
9.32
lnc
of
•'
9.85
Investment
/1Q
■"
Sayies
bl.17
Par
9.06
_1
Fund
89.61
•
Loomisi
1949—
'
6.87
Wellington Fund
K-2
28,
76c
1
Street Investing Corp
1
Bonds)
April
10.21
68c
Shares. _1
Fund
Income
1
Bds)
1.11%
1.16%
1949
84c
9.37
Union Preferred Stock Fund—-X
25.64
Priced Bonds)
bl.17
bl.16
7,
50.50
■
(Investment
bl.17
1949
1949
21.12
—
Union Common Stock Fund
Keystone Custodian Funds—
B-l
1949
21.
6.34
5.79
76c
1
C
of
14,
April
20'A
47.50
40o
_1
_
B
1
ox
April
1.08%
10.75
9.93
_1
Bond
-1
Co
Trust
April
1.06%
bl.16
10,
March
19
,1
Fund
Trusteed Industry Shares
Boston
Investment
Investment
1.04%
bl.16
1949
3,
8.29
7.56
lc
Group shares
Insurance
Stock
Ltd—
bl.15
1949
24,
March
47.86
2%
Sovereign Investors
Standard
Shares
——•
4.56
1.60
.
14.21
March
4.80
4.22
Investors
Institutional
1
fl
Income Foundation Fund
Incorporated
5.22
Fund
Fund lnc
lc
1
lnc
Fund
(Geo)
10c
shares--,
Utility
Howe
shares-
Ask
1949—
lc
Tobacco
Bid
3,
10,
lc
shares
stock shares
Treasury Bills
Ask
Feb.
15
Railroad
shares
8-
yll- 1-48
Feb.
&
RR Equipment
Steel
4-
8.79
9.98
1-48
2-48
5.58
1
78-
6.33
1
1.40%
11.69
1
1.40%
bl.55
16.66
1
bl.55
1-49
Due
9.00
1
1-49
7-
9.86
Metals
Ask
6-
1-48
-12-
.
10.30
Merchandising
Bid
1-48
1.50%
12.03
Machinery
1.55%
Dated
910-
1.55%
,8.35
1
•
1.65%
1.65%
1.25%
1-49
7.08
Bond shares—
Railroad
bl.50
3-
8.34
shares
Petroleum
1-49
1-48
7.60
6.52
9.34
lc
Rate
2-
11.22
7.56
shares
Ask
1-48
10.24
6-
6.97
Low Priced
Bid
5-
4.78
lc
Due
1.55%
1.55%
9.88
Institutional bond shares—lc
Dated
11.36
11.93
5.85
Industrial Machinery shares
Mining
Rate
10.89
Electricial
7.76
wi
Federal Intermediate Credit Bank Debentures
8.37
Diversified
5.53
1950
10.89
10.71
9-H
4.40
shares
Company
shares
7.64
9:94
1
lc
shares lo
lo
Fully Administered shares—lc
General bond shares
lc
Merchandising
series
f
Industry
1
Diversified Investment Fund.l
6.35
shares
Investing
bond
Diversified
7.15
Electrical Equipment
Food
1
5.67
5.09
Building shares
Chemical
1
supply
lc
lo
shares
Aviation
—
Chemical
6.16
1950
1,
Feb
6.37
1
Building
6.86
1,
tl'As
.
99.9741
9.47
1
Aviation
lc
shares
Automobile
1
Automobile
6.61
/6.J2
Fund
tl'As Jan.
.
-
1949
Stocks lnc—
Corporate
Group Securities—
Agricultural shares
Series
Agriculture
5.16
4.81
.
1,
New
46.73
4<*.46
1
Corp
General Investors Trust
Oct.
Low Priced Com Stock Series 1
14.32
Fundamental Investors lnc
July 1,
tl'As
Selected
5.63
First Mutual Trust Fund
tlVeS
5.32
Industrial Stock Series
16.36
1.7*
Industrial Fund Ino_l
Financial
tl%s
3.38
4.87
Speculative
25.43
3.65
22 ^9
1
Fund
Balanced
Stock
4.69
3.09
1
Series
Income
Howard—
Baton A
4.29
1
Stock Series
Fund-
Delaware
Dividend
1, 1949
June 1, 1949
59%
62%
74%
77%
21
22%
x
Ex
dividend,
.•No
dividend
par
y
Ex-rights,
value,
tin
paid on May
z Ex-stock
default.
10.
dividend.
tThese
bonds
•
are'subject
to
all
Federal
taxes.
flEx
$40
cash
<1
Volume 169
Number 4773
,
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(531)
THE COURSE OF BANK CLEARINGS
Bank
clearings this week will show
Preliminary figures compiled by
cities of the
with
compared
States from which it is possible to
total stands at
/this
center
.summary
$14,094,709,599 against $14,057,074,153 for the
there
is
Our preliminary
At
week in 1948.
same
gain for the week ended Friday of 0.4%.
a
Our comparative
Week Ended Jan. 29
\
'
,
Kansas
San
"Pittsburgh
Ten
+
2.8
438,372,012
—18.6
>.
275,400,000
—11.8
342,984,000*
—
6.7
278,500,622
+
cities,
one
—
0.1
•
207,743,770
—
Wilkes-Barre
v
$10,903,073,878
—
———
'2,543,227,025
.
2,408,066.925
+
$13,360,602,236
—
+
-we
745,933,350
—
(11
+
covered
Saturday figures
are
to
(7
week in
same
1948.
appear
the week
—
of clear-
Outside of this city there was
and in the Boston Reserve District of 1.8%
the
show
totals
loss
a
of
0.3%.
In
the
'
totals
record
an
Cleveland
Reserve
Reserve
District
District
of
the
1.2%
The Chicago Reserve District registers
decrease of 0.8% and the Minneapolis Reserve District of 2.0%, but in the St. Louis
a
'
but in the Philadelphia Reserve
improvement of 1.6% in the Richmond
and in the Atlanta Reserve District of 2.7%.
•
Reserve
District the totals show
District the
totals
smaller
are
an
increase of 7.9%.
In the
Kansas City
by 7.8%, in the Dallas Reserve District
furnish
we
of
Reserve
1,8%
and
SUMMARY
v
Week Ended Jan. 22
;
cities-
New York
3rd Philadelphia
4th
..
;+
,—12
"
-11
—1(L
v
or
'
Dec; %
;
V
1947
$'v
$
584,451,609
+
1.8
+
0.1
7,439)927,889
7,319,607,775
—
0.3
864,859,955
997,937,396
883,718,603
-+
1.6-
451,392,810
716,214,913
v
'
619,463,199
+
1.2
382,997,747
.*•.
'
8th
Minneapolis
•
St.,L9Uis_>-
9th
•10th
Kansas City
',11th
Dallas
7
—
Total
Outside New
:
+
2.7
586,724,619
561,964,655
950,095,529
957,518,882
—
0.8
'838,824,156
699,312,398
537,880,128
+
7.9
462,814,803
369,644,935
413,112,194
—
2.0
335,902,543
243,250,560
.
897,615,296
"
783,370;6C3
804,333,134
" 2?6
667,932:025
580,493,964
14,574,550,827
14,568,446,594
+
0.1
13,607,184,535
12,495,177,178
7,412,206,155
7,403,094,941
+
0.1
6,320,217,067
detailed statement showing the figures for each
city for the
Carolina—Charleston
of
.
Week Ended Jan. 22
1948
«Inc.iOV
1947
Dec. %
$
1946
$
Tennessee—Knoxville
416.173,138
19,661,367
Nashville_i—
—
4.9
—
8.8
3,318,702
3,136,919
+
1.8
458,465,300
«
1,174,435
—
:
Augusta
—
3,698,596
.2)069,166
—14:0
1)658,104
1,326,205
1,084,748
865,846
+25.3
688,792
i 1,783,189
8.2
1,612,221
1,202,312
+10.3
7,389,291
12,127,070
.
v
5,765,436
4,909,706
5,125,180
+
8.9
4,298,599
3,939,723
23,908,202
5,582;970
26,215,495
+
'
+
9;6
22,408,127
16,650,481
10,588,180
ai,775,400
1,390,278
1,596)608
.
+ 14.5
8)676,719
7,881,515
9.0
25,904,300
22,423,600
—12.9
1,163,452
Mississippi—Vicksburg
Louisiana—New
93,428,613
6,400,753
Mobile
6,709,107
414,020
—
.
—
584,451)609
+
1.8
535,070,592
:
1
27,730,818
26,544,832
+
4.5
8,824,206
8,809,669
—.
2,613,392
+ 17.9
2,188,475
2,234,634
85,099,447
92,875,069
—
8.4
80,295,781
63,729,398
1,984,450
—
8.3
1,533,167
996,081
1,766,420
14,572,851
7,165,351,653
-—20,678,310
Syracuse.
Connecticut—Stamford
—
3,6
1,563,874"
0.1
1,130,539
Michigan—Ann Arbor
:L
93,056,718
4.6
—
76,640,557
4,995,215
—14.5
4,806,158
355,149
+
9.9
115,556,662
339,969
122,428,658
+
2.7
586,724,619
561,964,655
+
5,998,521
5,100,009
Indianapolis.'
9,934,692
5,455,842
Indiana—Fort Wayne
5,653,484
51)0.15)000
6,333,393
53,905,000
South Bend
6,378,139
Terre Haute
t2,564,691
26.2
Iowa—Cedar Rapids
3,511,017
Des Moines
1,121,753
8,491,891
6,320,785
9.0
5,034,000
9.8
—
4,524,536
46,433,000
4,380,241
+
5.7
+
0.7
+
62,915,365
3,556,980
1.0
•
3,032,035
$
1.3
37,417,179
2,280,405
4.8
32,175,317
19,623,416
30,210,213
16,059,405
—11.5
I,206,213
—15.4
740,661,541
2,946,783
:'**. 10,802,865
II,530,894
4,873,077
Peoria
3,287,919
30,940,000
50,502,570
3,738,054
1,020,229
731,169,108
4,280,049
+ 14.0
3,360,321
3,324,192
+
Chicago
3,920,165
1
t
—
31,663,132
14,209,620
City
Decatur—
'
1,719,191
6.1
+
—
t
63,565,572
Wisconsin—Milwaukee
Sioux
V 1,257,899
10,542,429
Lansing
+
—
1.3
12,171,676
—
7,289,281
816,865
650,476,176
+
—17.7 '/*
3,581,041
■
741,043
568,936,857
2,420,073
2,912,502
9,202,543 *
6.3
7,392,849
'
;
;
2,625,383
1.1
3,626,962
2,618,632
0.8
838,824,156
699,312,398
1,963,255
*
950,095,529
957,518,882
—
Louis—
Missouri—St.
Louis
310,500,000
299,790)000
3.6
259,700,000
200,100,000
164,022,206
133,630,151
+ 22.7
111,981,038
103,812,951
104,002,470
1,748,984
102,677,735
+
1.3
89,618,641
64,596,670
1.9
1,515,124
1,135,314
580,273,660
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
Total (4 cities)
537,880,128
7.9
462,814,803
369,644,935
+
1,782,242
—
+
"/-
Ninth Federal Reserve
District—Minneapolis—
Minnesota—Duluth
5,573,146
6,126,892
Minneapolis
9.9
+
5,102,266
236,529,746
280,109,363
Dakota—Fargo
293,001,387
94,760,259
St.Paul
North
90,755,818
+
4.4 T
6,334,599
3,851,715
+
6.4
+
5.7
6,230,775
3,503,544
3,233,047
+
2.7
2,662,950
•6,738,097
Helena
•
9,623,005
—
10,362,482
404,746,650
Total (7 cities)
4.4
73,245,125
4,143,409
173,512,920
51,019,944
3,566,170
1,939,513
1,837,010
413,112,194
7.1
—
—
8,628,137
7,231,594
2.0
335,902,543
243,250,560
Tenth Federal Reserve District—Kansas
City-
552,078
484.881
571,630
382,420,300
13,877,668
2,555,304
15,171,605
2,069,504
2,200,577
1,884,518
522)600,262
City
St. Joseph
12,938,739
Springs
566,528,120
341,820
257,662
6.3
364,982
4.8
6,256,593
346,666
•4,460,639
—10.2
138,087,241
351,361,285
Wichita
6,610,363
12,647,985
Omaha
+ 13.0
609,910
6,927,040
124,060,539
7,846,156
-
Pueblo
Total
(10
cities)
116,898,333
5,186,674
13,561,477
325,669,907
246,806,784
12.332,291
1,489,663
1,447,883
7,009,099
1,203,837
1,215,814
483,549,623
355,973,223
—
+
6,251,059
+ 25.5
—
2.2
8.1
—
8.5
—
+ 23.5
81,527,675
4,734,858
8,410,189
+16.8
—
7.8
"
Eleventh Federal Reserve District—DallasTexas—Austin
7,465,209
263.520,000
23,615.243
Galveston
6,897,434
258,229,146
Dallas
Fort Worth
25,854,850
8.2
5,818,282
5,962,683
2.0
194,465,000
23.9
190,925,000
20,558,947
4,850,000
2,643,238
7,570,103
1.8
232,365,570
232,741,593
0.9
102,334,982
3,101,311
100,302,789
93,204,559
2,771,985
33,846,181
+
—
—
8.7
5,763,000
(6 cities)
,
5,238,000
4,159,160
10,044,405
Louisiana—Shreveport.
3,474,332
+ 19.7
8,104,387
+
309,276,163
313,089,003
+ 10.0
—
17,819,199
4,720,000
2,468,718
7,305,993
7,286,967,468
7,144,632,119
16,134,381
13,967,881
1.8
7.6
9,996,259
11,540,739
8,769,736
0.1
631,628
460,206
Santa Barbara
12,618,721
706,147
—
—
-
47,746,300
41,379,290
+ 15.4
34,559,294
28,853,360
55,365,778
50,166,490
+10.4
45,692,717
Stockton
Total
(10 cities)
Grand Total
+22.8
44,590,155
8,670,705
8,253,305
+ 10.3
7,247,927
425,840,760
3.5
380,322,645
8,136,665
-6,098,525
339,140.566
10,731,947
2.4
4,004,738
8,968,372
9,599,331
4,084,457
7,677,723
2,924,938
15,940,146
783,370,663
—
—
—
59,372,982
—
—
—
4.1
2.4
7.4
Outside New York
7,432,080,007
tNot
+
'0.1
7,499,927,989
7,319,607,775
included
tNot
available.
804,333,134
.
+16.4
—
2.4
2;6
80,486,942
7,943,457
in
totals.
667,932,025
580,493,964
34,574,556,827
14,568,446,594
+
0.1
13,607,184,535
12,495,177,178
7,412,206,155
(111 cities)
38.214,974
7,436,719,546+
9,792,786
4,662,015
8,750,505
Jose
154,700,637
10,470,985
San Francisco
151)004,741
55)006,671
12,022,882
410,946,947
Pasadena
3,450,548
8,104,594
California—Long Beach
119,217,059
3,310,402
Oregon—Portland
Utah—Salt Lake City_.
7,809,178
+24.7
118,090,921
Yakima
•Estimated.
—
2,033,287
80,918,279
88,033,946
+ 15.1
661,624,380
1,587,386
Grand Rapids
San
15,763,579
705,582
Northern New Jersey
+
20,309,964,-+
•
15,733,873
—
—
3,215,640
2,665,410
5.6
Twelfth Federal Reserve District—San
Francisco—
7,162,330,672
Ttochester
New Jersey—Montclair
3,332,218
Seventh Federal Reserve District-Chicago—
Washington—Seattle
1,830,832
+ New York—;
55,632,505
190,100,000
451,392,810
1,819,044
Binghamton—'
13,522,106
60,855,428
211,800,000
+ 18.3
117,743,985
679,357,234
Total (10 cities)
18,401,369
5.9
—
484,245
129,443,878
Orleans
Wichita Falls
District—New York—
—.
340,845,440
+ 10.6
93,867,380
107,513,203
735,195
—
3,081,019
Reserve
382,997,747
796,753
594,993,353
Federal
52,649,181
3.0
+
—
3,127,559
88,593,436
Alabama—Birmingham
Total
N?,W York—Albany
165,401,170
64,014,276
W 3.3
63,434.814
260,200,000
3,604,035
.
Macon
Colorado—Colorado
3,849,891
28,911,800
Total (12 cities)
2,876,173
196,697,789
1.2
+
.387,215,966
1,410,840
494,000,394
'8,151,266
+
3,396,988
2.7
3.4
—
—
19,024,642
67,146,030
252,500<000
3,985,951
—
Georgia—Atlanta
Missouri—Kansas
1,500,262
1,928,565
;+.
—
2.1
—
8,150,000
District—Atlanta—
Kansas—Topeka
+■
-
1,779,9.70
;
+ 11.4
220,298,321
72,474,529
420,969,181
(6 cities)
Lincoln
.502,882,718
-
—
Total (12 cities)
70,004,056
Hastings—
'
►
3,511,403
.
Rhode Island—Providence—
Newark
'.3,397,345
214,379,233
Columbia—Washington-.
Nebraska—Fremont
1,427,070
New Hampshire—Manchester
;
110,115,024
2,977,721
5,350,545,059
..
cities
•Connecticut—Hartford—-JL.
1
New 6aven___t
■
1,853,892
8,778,000
108,092,126
2,520,453
10,142,000
107,269,124
3,468,711
4,069,606
Springfield
I
2.018.568
7,7
3,319,428
our
Worcester
•
8.6
+
Montana—Billings
—
Jamestown
+
2,736,738
10,927,000
119,524,809
South Dakota—Aberdeen.
$
Fall River
;
619,463,199
232,741,593
Reserve District—-Bcston—
Elmira—
716,214,913
355,973,223
.'1949
Buffalo-
1.6
232,365,570
New Bedford
4
+
483,549,623
Lowell
•
883,718,603
1.8
Massachusetts—Boston—
v-
232,860,129
7.8
-Maine—Bangor—
Second
249,349,136
—
-
-Portlands
3.9
—
Clearings at—
i
+
313,089,003
York City
We now-add
"First Federal
298,974,932
.566,528,120
<
•
4,292,177
310,618,921
J
309,276,163
-
.
5,595,128
522,600,262
week ended Jan. 22 for four years:
"I
3,824,544
25.9
"
;
19,129,800
6.3
+
"
111
25,213,900
+
6,297,554
'6
-
+ 15.8
4,099,974
29,459,300
4,835,461
10
'-*-r
/12tll San Francisco—i——10
!
"
*
220,524,329
5,140,633
cities).
'
7th Chicago
135,579,069
265,256,015
340,845,440
661,624,380
580,273.600
w
416,173,138
.679,357,234
..
5,358,116
161,618,074
3.8
+
—
720,486,626
-
535,070,592
404,746.650
.
3.7
7,928,713
1946
"
7,432,080,007
-
+ 31.4
34,121,100
Total (16 cities)
420,969,181
.
,
.
594,993,353
897,615,296
ft-' "
Richmond
Inc.
$
994,539,290
"
Cleveland—7
6th Atlanta
1948
7,436,719,546
5,706,100
190,849,092
347,596,164
CLEARINGS
,•■>'„•$
Bostonl
;"+3nd
OF BANK
.1949
Federal Reserve Districts
i
r
720,486,626
"
I
Rockford
by Federal Reserve Districts:
a summary
364,859,955
7,499,550
Springfield---
following
0.3
197,830,867
Illinois—Bloomington
in the San Francisco Reserve District of 2.6%.
In the
997,937,396
1,827,398
gain of 0.1%, the bank
a
a decrease of 0.1%.
We group the cities
according to the Federal Reserve-Districts in which they are located and from this
it appears that in the New York District
(including this city) the totals show a gain
"District
3,658,714
9.4,
+
334,475,512
Florida—Jacksonville
present further below
clearings at this center having recorded
of 0.1%
4,950,820
994,539,290
cities)
Sixth Federal Reserve
ipgs for the whole country having amounted to $14,574,556,827 against $14,568,446,594
in the
6,111,685
+ 22.2
Virginia—Huntington
District
has to be estimated.
cases
increase of 0.1%, the
aggregate
was an
7,532,213
6,396,664
0.3
give final and complete results of the week previous
(ending Jan. 22. For that week there
3,884,017
10,196,176
7,818,508
Youngstown
South
mot available at time of going to press.
we
1,686,280
4,439,615
Richmond
by the foregoing will
which
1,888,301
11,150,824
Jersey—Trenton
West
issue of next week. IW-e cannot furnish ithem
.today, inasmuch as the week
able
+ 14.3
—14.4
1.6
$14,094,709,599 $14,057,074,153
Complete and exact details for the week
are
1,767,925
Virginia—Norfolk
0.4
734,107,363
In the elaborate detailed statement, however,
.
3,397,859
1,804,443
3,271,593
0.6
-
Fifth Federal Reserve
District—Richmond—
5.6
$13,311,140,803
•
»Accordingly, in the ,above .the 'Jast day of the week in all
i
4,419,981
Maryland—Baltimore
—
day
ehds Saturday, ;arid the
:
6.9
-15.0
•
Total
0.8
'
our
+
2,518,577
—
York
Total
in
5,103,994
2,140,447
Scranton—
Pennsylvania—Pittsburgh
0.3
$10)817,375,211
:
Total all cities for week
:
5,458,108
.
-
4.3
307,209,559
306,877,487
207,158,429
cities^ five days-
{ Total all cities, five days
All
2,358,600
835,000,000
2,344,162
698,000,000
3,404,545
—
Mansfield
-
''
V'
960,000,000
2,913,147
—
Columbus
'
p other cities, five days
954,000,000
—
—
——
306,582,202
290,598,676
1
Baltimore
i.
647,002
1.2
Cincinnati:—
319,899,000
_
——
855,126
899,910
3,067,997
Cleveland—.
1.7
242,800,'(te0s
—
Cleveland...
+
249,6l)l£329
-
Francisco-.
646,336
1/313,628
4.6
Ohio—Canton
6.3
—
879,000,000
450.493,770
•
City—
St. Louis.:
,
595,556,701
894,000,000
Boston—
.
,
964,605
6.9
+
Fourth Federal Reserve
District—Cleveland
+'0.4
$7,271,719,012
557,810,460
Philadelphia
%
1948
$7,298,037,060
Chicago——
'
,
1949
New York
"il
•
8.2
+
1,128,808
3,032,027
Philadelphia—
Reading—.;
Total
Clearings—Returns by Telegraph
r
+
1,137,296
Lancaster.—
New
1
„
1,099,322
1,216,063
Delaware—Wilmington
for the week follows:
1946
$
—1,189,604
———
Chester
;
1947
1,180,947
Bethlehem—
obtain weekly clear¬
or
Dec. %
District—Philadelphia—
Pennsylvania—Altoona—
.
Inc.
$
\$ AV;'-
Third Federal Reserve
telegraphic advices for the chief
upon
will be 0.3% above those of the corresponding week last year.
ings
ago.
year
a
Week Ended Jan. 22
1948
1949, ■;
country, indicate that for the week ended Saturday, Jan. 29, clearings
for all cities of the United
'
based
us,
increase
an
47
.
7,403,094,941
+
0.1
6,320,217,067
5,350,545,059
—
r&"
48
Monday, January 31, 1949
CHRONICLE
FINANCIAL
&
COMMERCIAL
THE
(532)
M.)
(A.
Kansas
requirements of Section 5zz of the Tariff ^ct of 1930, the Federal Reserve Bank certifies daily
the Secretary of the Treasury the buying rate for cable transfers on the different countries Of the world. We
Roberts
,
CERTIFIED
RATES
EXCHANGE
JAN.
JAN.
TO
1949
21.
Country and Monetary Unit
United
in
Value
States
.
.297733*
.297733*
.251247*
.251247*
1st
.297733*
.251247*
and
1st
.022844
.022846
.022848
.022846
.054406
.054406
.054406
.054406
Cleveland
.054400
1.000000
1.000000
•
1.000000
1.000000
1.000000
.923750
.923828
.924375
.924375
.301166
Free
.301166
.301166
.301166
.020060
.020069
.020060
.C20060
.020060
.208535
•
—
.208535
.208535
.208535
4.031484
4.031484
4.031484
■"Denmark, krone
Closed
4.031484
England, pound sterling
France (Metropolitan),, franc—
,
v
.003140*
,003142*
.003142*
.301678
.301678
.301678
.301678
.145349
.145349
.145325
.145325
.145325
.376914
.376857
.376737
.376371
.376550
1.000000
1.000000
1.000000
Netherlands, guilder—...——~
Newfoundland, dollar—
1.000000
Official
Fair
•
.921875
.922500
Date
Page
3.991542
t2410
.201580
.201580
.201580
.201580
Appalachian Power Co., 6% debs., series A, due 2024.—July 1
Kline Brothers Co., 5%
sinking fund notes, due 1954_Feb 15
.496750
.496750
.496750
.496750
La
.040325
.040325
.040321
.040310
.470833
.470833
^—
.470833
.278228
.278228
.233629
.233629
Cooperative Federee de Quebec—
bonds, due 1949-1964
1st
4.007500
.658300*)
.658300*t
,658300*t
.588223*)
.588223*)
,588223*t
.588223*t
.561799*)
Uruguay, peso
4.007500
.658300* +
.561799*)
.561799*)
.561799*t
.561799*t
Ohio
.531909*)
.551799*t
.561799*t
Tennessee
.531909*)
.531909*)
Uruguay, peso
4.007500
4.007500
Closed
4.007500
1st
Purchase
Power
••Temporarily omitted.
tApplication depends upon type of merchandise.
thousands
'
dollars)
of
'•*
'
1
-C
,
:V
1949
y+y' $ ' V'v
)
certificates
—
for
+
20,002
626.738
+
859
,
1,423,262
+1,358,918
13,975
+
,,.458,301
+,
177,237
+
216,794
r
9,100
—
42
1,142
—
securities:
457.250
—_—
—
—
securities.
Govt,
loans
securities..
and
■
—
10,264,754
Bonds
33,500
+
6,338,269
Certificates
__
22,039,185
—5,025.409
268,332
+
4,978,912
Bills
438,314
+
—1.085,500
42,000
+
338,113
78,281
5,725,155
52,560
+
+
138.555
228,655
+
Uncollected
Bank
49
164.87C
of other banks—
—
2,770,234
items
1,617
—
35
Demand deposits
assets
164
+
17,539
264,066
+
v:.--
'
Liabilities—
Reserve
146,421
568,866
—
S.
Treasurer
Foreign
•
acct. 20,035,393
bank—reserve
—
acct.
gen.
—
Other
-
^—
+
1,135.457
679,789
458,448
—
.
—
+
97,118
331,661
2,730,471
35,196
;
Other
liab.,
incl. accrued divs.
+
22,309,087
2,308,184
12,282
—
+
105,959
+
233,673
2,171,687
j
Other
75,221
—
1,297
—
48,219,772
liabilities—
Total
272,838
+
Other
U.
Oapital paid In—
(Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
342
+
+
466,711
18,522
90.750
53,826
+
v
49.007,397
—
264.066
+ 1,601,694
3,917
33,749
.
securities—total
Other
Cash
.
■+
4,181
Federal
+
24.667
:
j
with
+
—
+
securities
In
—
+
+
—
14,713
803
Banks
—
2,262
Reserve
vault
1
—
Balances with domestic banks
—
of
serves,
note
gold certificate re¬
to deposit and F. R.
liability
on
purchased for foreign
respondents —i
trial
make
to
i
■■
1.2 ft
Demand
deposits
Time
deposits,
cor¬
3,273
76
—
178
—
Domestic
indus¬
49
+
—'
•
5,354
to
demand
Interbank
during
(Condition Statement of Member Banks
statement of weekly reporting member
the Federal Reserve
mand
following
principal
adjusted, and
States Government deposits.
deposits
Commercial,
creased
the
industrial,: and
District, and
$152,000,000
agricultural
in
decreased
000,000 at all reporting member banks.
dealers
ior purchasing
- or
U.
8.
Govt,
—
44-
.'.y
items are reported gross,
instead of net as previ¬
Year-ago figures have been adjusted to a gross basis.
'"
•
loans
in¬
$13,000,000 in
the
Loans to brokers
carrying? United" States"
'
'
-
,
'
'
Corp.,
preferred
Notices
9
4
2-
3-15
2-25
3-
1
2-10
2-10
3-
1
2-
1
1-20
50c
3-
1
2-11
25c 7
preferred
3-1
2-10
75c
3-
1
2-10
6V»c
3-
1
2-10
$1.25
(quar.)—^—
2-
1
1-20
15c
•3-31
3-15
62»ac
3-15
2-15
$1.12 la
pfd.
4-15
3-15
(quar.)——
(increased
com.
"jL,
2-28
;
$1
(quar.i
6%
8
$1.25
—
(quar.i
1
1
2-
8
93+iC
3-15
3-
I
3-15
3-
1
25c
2-15
2-
4
25c
3-15
2-15
40c
:
(quar.)——
Co.—
(initial)— —
Associated Dry Goods, common (quar.)—
6ft 1st preferred (quar.)
—_
—
7ft
;
2nd
5ft
5ft
preferred
Co.
(quar.)
Corp.
Plywood
Autocar
(quar.)
_
3-
'
40c
—
1
2-11
3-
1
2-11
$1.75
__
3-
$1.50
3-
1
2-11
62 Vac
_
2-
l
1-27
3? 1
2-10
Company—
25c
convertible preferred (quar.)
series B convertible preferred (quar.iconvertible preferred C (quar.)——'
series
A
Canteen
of America
Co.
3-
25c
2-10
1
;
25c
3-
1
2-10
25c
3-
1
2-15
$1.05
3-
1
2-11
(quar.)_
Locomotive
Works,
7ft
pfd.
(s-a)
_
Belding
Steel
Corp. J stock
Htminway
Berkshire
(quar.)
Bethlehem
7%
10 ft
2-
4
2-15
2-
4
35c
3-
1
2-16
60c
3-
1
2-
$1.75
4-
1
2-23
3-
1
2-11
75c
2-25
2-12
4-
7
2-25
4-
7
—
—-—
Associates, Inc.___
(Del.), common—
Spinning
Fine
Steel
preferred
Corp,
(quar.)
—
_
(reduced)
u—
Ltd,—
Amer. dep. receipts for 5ft
pfd. (s-a)
American
deposit
receipts
for
ordinary
Boss
2-28
2-15
20c
dividend1)"
3-15
30c
60c
Barium
Manufacturing
British-American
ing tenders, and the page number gives the location in
(except where indicated) in, which ;r
th£ Retails were given in the "Chronicle." ' " 'x ,'T
.the current volume
.
Corp.
Aspinook
list of corporate bonds, notes,
and common stocks called for redemption,
those called under sinking fund provisions.
The date indicates the redemption or last date for_ mak¬
preferred
including
2;
(increased)
Co.
Extra
a
2-24
8
..
Redemption Gaits and Sinking Fund
be found
3-15
60C
———
&
Hoffman
Baldwin
Below will
2-
$1
(quar.)
preferred
Natural Gas,
Automatic
'J
2-
2-28
4-30
_
(quar.)
-
5ft
Power,
Steel
Arnold
5ft
.
2-28
25c
5 ft'
..
$1
210
13
tBeglnning June 30, 1948, Individual loan
1.e., before deduction of valuation reserves,
reported.
25c
4
75c
._
;
2-
2-11:
common..
Participating
Atlas
ously
Co.,
Farms
participating
$3
•
21,822
1-31
2-28
586
44-
2-15
———
$3.75
—
2-28,
2-15
—
1,300
449 v, 4Vzft preferred (quar.)—'
Armstrong Cork Co., common
405
69
—
Co.
Archer-Daniels-Midland
Arden
4,
3-10
.
30c
.
..
.
preferred
5ft
Corp.,
Armco
118111
—
"4-
(quar.)
-.1—
__
Foundries
Tobacco
2-
1
12 lac
(quar.i
(quar.)
Extra
Amra
4,642
—
69
+ 2,167
+
24
—
157
accounts,
«;
United
St. Louis District; there was a net decrease of only $1,-
and
4-
deposit accounts, except
week
changes
$15,000,000 in New York City and $12,000,000 in
Chicago
and
15U ;
35 ;
152
+
—
Co.
Y.)
(N.
Corp.
Co. (N.' J.)
Smelting & Refining Co.—
American
—
System in leading cities
for the week
ended Jan. 19:
Increases of $425,000,000 in holdings of
United States Government securities, $151,000,000 in de¬
the
1,542
143
1
Borrowings
Debits
shows
9,353
banks
Foreign banks
1,686
The condition
except
deposits
Interbank demand deposits:
loans
banks of
47,670
15,027
1,071
adjusted
Government
Government
8.
Co.
Razor
American. Steel
2-14
3-
20c
75c
'71
2,176
1,742
2-24
3-1
„
30c
&
...
Arkansas
U.
bills
$2.40
stock dividend
American Ship Building
Liabilities—
.v
+ '
50.1ft-
combined-
liabilities
Contingent
Commitments
■
(s-a)_—__——
Foundry——
Special
Arizona
♦Raftio
2-15
3-
10c
—
Co.
Seating
—
58
4;,3
59,
25
2-18
1
30c
3-31
134
48
560
American
2-10
2-28s
Safety
3
389
4,137
2-28
3-2
3-11
Re-Insurance
+
+
$1
yyj
75c
American
+
2-15
•
Co
Extra
2-18
pfd. (quar.)—_
(monthly)
Products
Pulley
1
7
3 7 Vac
6ft
Hide & Lether,
Machine
2-18
3
.3-10
25c
——
(increased 1
4-15
American
+
15c
1
3-15
10
—
2- 9
3-
30c
360
+
1-31
2-15
$1.12 Va
—
—
2-10
■
Indemnity
1
$1
35c
Co., common......(quar.)—
Home
1
37 '/ac
-
(quar.)
Corp
—
3
4
2
3
5
425
268 •
93 (
2-19
Hoe
&
American
4-
2-28
3-
__
American
572
(s-ai
—
preferred
American
.
7 y
—
2,425
5,613
1,044
.
Treasury notes—^
Reserve
accts.
Total liabilities & cap.
185
;
loans
U.S. bonds
8~430
+
—
4,031
Treasury certificates of indebtedness
27,543
+
196
456
loans
Government
1,692
4V2%
3-
3-10
Co
Fork
American
3-15
3-20
—
Arch
3-26
1
30c
Institute, Inc.-——
Aggregates
3-31
87'ac
Cement
5
51c
common
-
2-26
(initial)
Automobile Insurance (Hartford)—
Quarterly
2,651
1,555
+
133
—
406
Treasury bills
5,720
+
202,621
8,
American
American
+
u-
581
securities
estate
—-
2-
3-15
4-
22 VaC
—
(quar.)„_
Portland
Alpha
*
•
3-15
$1.25
——
Company
y
3-30
25c
(quar.)
American
*
purchasing or carrying:
obligations
for
Co.
(Louis)
American
+
1
—
5
Government
Loans to banks
1,523.626
Capital Accounts—
S.
Corp.,
1'
Holder*
2-15
20c
common———
—1_
American
securities
Other
Real
Allis
pur¬
carrying:
Government obligations
loans
U.
3,974
—
for
Kid
AHied
1948
138
—
Gas
"•
Whan
Payabla of Ren.
Inc.—
preferred
preferred
Jan. 21,
—
are:
(quar.)
(quar.)
convertible
S3.50
Co.
(initial)
American
or
S.
U.
week
(quar.)_
Corp.
Equipment,
Gas
Alabama
and agricultural
dealers
and
brokers
to
Other
deposits
;
Deferred availability items
Total
industrial,
15,414
chasing
23,588
—
—
25,236
loans
Loans
274,014
+
93,388
v
this
Share
Engineering,
preferred
Extra
283
136
+
24,949
Commercial,
809.210
—
5ft
Common
City
1949
62,879
Loans—gross)
Member
VJ.
Investments—total
Loans—net
Deposits:
announced
Mfg.
D.)
Affiliated
(In millions of dollars)
and
Loans
—
23,590,219
notes
Vending
(J.
Alexander Hamilton
Jan. 12,
1949
C.*
Aetna-Standard
Dec. (—) Since
FyFvy
•
B.
Adams
Inc. (4*1 or
Assets—
"
Federal
A.
~"".'3.
■-
*•
■..
t
dividends
Name of Company
$3
1,601,694
>',
167.
■
show the dividends
we
Par
of the assets and liabilities of reporting
V
.
§Vol.
165.
week.
The
credited to domestic banks de¬
Jan. 19,
—
49,007,397
:
tVol.
166.
grouped in two separate tables. In the
are
declared.
and demand deposits credited to for¬
;
Total
all reporting mem¬
■member banks fellows:'
663
—
tVol.
issue.
this
deposits
summary
§1591
which have not yet been
$114,000,000 at all reporting member banks.
A
K1260
previously announced, but I
paid. Further details and rec-:
ord of past dividend payments in many cases are given,
under the company name in our "General Corporation
and Investment News Department" in the week when
which
eign banks increased $118,000,000.
and
—Any time
1951
bring together all the dividends announced thai
Then we follow with a second table in i
we
current
decreased $20,000,000 in New York City.
creased $69,000,000,
8,008
+
410,699
+
154,998
:
assets
25,580
—
32.303
premises
Other
;:-~y
first
adjusted" increased $151,000,000 in
New York City and $29,000,000 in the Boston District,
and
decreased
$44,000,000 in the Richmond District.
United States Government deposits increased in all dis¬
46
—
Notes
Francisco District and $58,000,000 at
Demand
12004
DIVIDENDS
Holdings of Treasury certificates of indebtedness in¬
creased $87,000,000 in New York City and a$98,000,000
at all reporting member banks, and decreased $23,0Q0>000 in the Chicago District.
Holdings of United States
Government bonds increased $20,000,000
in the San
tricts.
in
1, 1949—
Any time
bonds, due 2024.—Jun
1
168.
Dividends
000.000 each in the Boston District and the Philadelphia
District, and $268,000,000 at all reporting member banks.
ber banks, and
—Anytime
1949—
1,
Feb.
Co.—
due
5s,
mortgage
of
Borrowings decreased $106,000,000 in New York
22,498,345
foreign banks
from
)?. R.
-
—64,344
19,554
..
371,422
cash—
advanced
448
—
23,015,170
gold ctf. reserves
Total
1948
-VI ■'
22,388,432
Industrial loans
Due
-
R.
F.
COtes
and
or
Jan. 28,
1949
>,
7. 'V
+ )
-Jan. 19,
Jan. 26,
■
■
fund
...
Increase (
1 decrease (— ) since
.
Vr.v;
f
,
;v-
111
([1257
•," '
.
Treasury bills increased $125,000,000 in
the Chicago District, $71,000,000 in New York City, $21,Holdings
Reserve Banks Combined
(In
York City.
+
Jan 31
decreased $133,000,000, largely in
Government securities
New
due
Feb.
due
debenture
6ft
Iron & RR.
•Announcement
KVol.
Statement of Condition of the 12 Federal
1949-53—
1
.
due
bonds,
4%
Co.,
Coal,
H2226
Apr
Electric Light, Heat & Power Co.—
&
money
General
rate,
bonds,
6%
mortgage
New York Gas
378
>
.
,
Co.—
2ft
serial bonds,
Weight Corp.—
mortgage
National Sash
.588223*t
-
Uruguay, peso.——
Uruguay, peso.
1—
Utilities
Montana-Dakota
■: .233629
.658300*)
*•
Union of South Africa, pound—
<
.'
2% -3 '/a ft
.278228
.233629
.233629
Switzerland, franc
Company and Issue—
.470833
.278228
.278228
—■—7-~ -
Total U. S.
t>
51
.201580
Sweden, krona
Notes
7
209
3.991542
f
fSlraits Settlement—.—
Govt,
*>
CALLED
ISSUE
ENTIRE
*
.040325
Philippine Islands— —
Portugal, escudo
Discounts
205
.921875
Norway, krone
;
205
15-year
3.991542
Closed
3.991542
New Zealand, pound—.
Assets—
Inc.,
Stores,
.921250
.921250
Redemption
4
Electric
3.991542
r
"Nominal
204
stock,
Packing Corp.,
District
1.000000
Mexico, peso———
3
debentures, due 1959—Feb
1
Maryland Theatre & Office Bldg.—
1st mortgage fee and leasehold bonds.
.——.Feb
1
McCord Corp., 10-year 4 V2 % debentures, due 1956—Feb
1
Pittston Co., collateral trust 4ft
bonds, due 1961.
Mar 1
Sun Ray Drug Co., 15-year debs, due Aug. 1, 1961
Feb
1
Walgreen Co., 4%
preferred stock
:
Jan 31
.003140*
.301678
India, Dominion of, rupee—-.-.
V.Food
f
.004671*
ftr .003136*
3
Corp.—
series A__
.——Feb
3%% debentures, due 1962
Feb
Co., 1st mtge. 3Vas, due 1969_Mar
1
Equitable Gas Co.,. 1st mortgage 3'As, due 1973.
Mar 1
.Firemen's Insurance Co. of Newark, N. J., $4 pfd. stk._Feb 16
.004671*
.004671*
Official----,—
bonds, series A
gold bonds, series B
Electric
preferred
$5.25
Empire
.001671*
.004671*
'
5%
Deerfield
4.031484
,.(•
mortgage
1
..—.—Apr
Apr
5Va%
Cornell-Dubilier
.925000
.,
mortgage
376
12320
Co.—
Terminals
1st
107
Feb 15
1961.-———
due
.022844
Czechoslovakia, koruna
U. S.
series A,
Chicago & Western Indiana RR.—
1st and refunding mortgage 4ViS, series D, due 1962—Mar
Oylon_.
Other
3%s,
375
Co.—
Power
3.212313
Union
*>'■
,
1
V
3
3.212313
—
Official
Total
River
1st
Canada, dollar—
Gold
..Mar
1970_Feb
3Va ft, due
3.212313
....
Belgium, franc
Brazil, cruzeiro—:
202
,•
1
,
bonds, series L
mtge.
mortgage
Pago
1
1
Feb
3,212313
Closed
3.212313
Australian, pound
V
Co.—
Power
gen.
Connecticut
.200000*
.200000*
.200000*
.200000*
:200000*
1st
Gas Co.—
Borough
Maine
Central
...
.297733*
•
.251247*
:"''vy:;r
7■
.251247*
$
$
$'
V
3 ft debentures, due 1965-Feb
mortgage 3s, due 1963—Mar
Co.,
Co.,
bonds due 1970
Carolina, Clinchfield & Ohio Ry.—
1st mortgage 4s, scries A, due 1965.—:—
Jan. 27
Jan. 26
Jan. 25
5
.297733*
Light
209
Date
Refining
&
1st mortgage 3 Va ft
....
$
Oil
Gas
Brooklyn
York
Money
Jan. 24
Jan. 22
Jan.21
Argentina, peso—
For "regular" "products
For "non-regular" products-—
For certain industrial products
Ashland
Atlanta
V.
Cable Transfers in New
for
Rate
Buying
Noon
27,
206
REDEMPTION
PARTIAL
Company and Issue—
1930
UNDER TARIFF ACT OF
BANK TO TREASURY
1949 INCLUSIVE
RESERVE
FEDERAL
BY
106
Co.,
give below & record for the week just passed:
FOREIGN
Pago
'' ,
Date
7% preferred stock———Feb
1
City Structural Steel Co., 6% pfd, stock.—_Feb
1
& Oake, Inc., 1st mortgage 6s, due 1954—.—Feb
7
Company and Issue—
Byers
Pursuant to the
to
TENDER
OF
NOTICES
Foreign Exchange Rales
registered
Co.
7
j
Tobacco,
2 la ft
'
--
t
'
a 3ft
(interim)
Amer+dep. receipts for 5ft pfd. (s-a
Amer, dep. receipts for
a
5ft" pfd. reg. (s-AF
■^
-
Ar 7
''4- 7
2-25
*
.2-25
2-25
Volume 169
THE
Number 4773
•
British Columbia Packers,
A
Class
.
—
3-15
2-22
Green
$25c
3-15
2-22
Greenfield
2-
1
Corp. common
Mills
Burlington
2-15
37'Ac
(quar.)____
3-
1
2-
1
2-
3
3-
1
2-
3
$1
preferred (quar.)____,_—*_b—__—
Bush Terminal Co. 1 stock dividend)—
Butler Brothers, 4'A %
pfd. (quar.)——
Byers (A. M.) Co. (quar.)—.
3-
87'Ac
3-
1
2-
3
4%
Electric
California
Pacific Title
Co.
Power
(accum.)
Co.,
Co.
$1.10
preferred
Chain
Chile
Fun<J,
5%
Chemical
Ltd.
Commonwealth
1
3-
341
3-
1
35c
2-25
2-
7
1
27'Ac
3-
1
2-
$1.25
3-
1
2-15
Water
Corp.
2-10
Jones
2-25
10c
1-31
2-
8
Jones
1-26
$2
2-
1
1
7-20
2-
2-15
3-17
Kidde
3-
1
2-15
Kinney
87'Ac
3-
1
2-10
3-
1
2-10
l
$5
pfd.
(G.
prior
&
R.)
Co.,
Company,
2-25
La
Lake
3-
1
2-15
$1.25
3-
1
2-J5
2-
9
1-29
Lakey
3-
1
2-15
Lane
50c
3-31
3-10
Lansing
Company
40c
3-15
2-11
Lanston
Monotype
25c
3-
1
2-18
Le
—
2-25
2-
9
Lindsay Light
75c
—
2-19
2-
4
Lionel
45c
'
1-31
3-15
2-25
Class
1
2-11
Lockwood-Dutchess
3-
1
2-11
Lord
$15c
3-
1
2-15
1
1-18
2-
6'Ac
2-15
2-
25c
2-28
3-15
Ltd.,
5
St.
87c
4-
3-25
3-10
2-10
______________
2-28
Maclaren Fower
&
2-
5
Madison
Garden
2-15
2-
5
Magma
3-
2-
7
Maltine
4V*'Jc
Rubber
&
2-
Co.
8 7c
8
Marion
preferred
Shirt
Co.
2-15
McArthur
2-15
Meier
3-
7
2-18
(>5c
2-
1
1-21
30c
2-18
2-11
3-
2-18
Special
Co.,
preferred
preferred
A
A
pfd.
$5
*
A
(quar.)
;
Co
Federal Enterprises,
2-
$2.40
1
1
Food
preferred
1-31
Midwest
1-31
Minneapolis
3-
2-11
Products
Mississippi Valley
6-
1
1
1
3-19
25c
3-11
2-25
50c
3-
2-
1
Gas
Moore-Handley
7
5%
-
2-17
Moore-McCormack
1-24
Morgan
2-
1
2-15
2-
1
—
Life
Simon
Insurance
Freeport
Sulphur Co.
(See
2-
8
1
Motor
2-15
$2
3-
2-
1
2-
1
1-15
3-
1
2-16
$1
3-
1
2-16
__
(quar.)
Company
preferred (quar.)
.
Deneral Mills, Inc., 3%%
Goodall-Sanford,
Inc.,
2-
National
2-14
$1.75
„_
conv.
common
pfd.
33-
1
37'Ac
3-
1
2-15
$1
3-
1
Extra
240*
2-15
„' .Class
,
•...
'•
2-28
~'
•'
2-28
2-15
.07
——
2-28
2-15
.12
2-28
2-15
.07
2-28
2-15
.14
2-28
2-15
.07
————'
Electrical Equipment
.07
.12
•—*
\ .Chemical
—
.14
_*____
•
t—^
'
■k." General Bond
.10
2-28
.10
.12
2-28
.09
2-28
>
Industrial Machinery
.12
,/
Institutional
.09 v
———
$2
2-
1
1-17
2-
1
1-21
2-28
2-28
2-28
——
„
09 T
,'4'—---r
*
2-28
Fibre
Inc.
Co.
By.
RR.,
guaranteed
Northwest
2-15
Old
•
09
Merchandising
.09
Petroleum '
Railroad
E^uipment C_l__L----
Railroad
Stock
:
.08
.09
.08
"Tobadco:'1
:.
Utilities
-
V
-r
:>b6;
.03'
2-15
.10
.03'
2-15
2-28
2-28
2-15
.03
viob.
"
Railroad Bond 'l—1--T—I—L"j'
2-28
.08
•
r©8^
2-28
2-15
.08
;
-
'
—
1^1
'
2-28
2-28
2^15
.08
2-28
2-15
JOB
2-28
2-15
.03
2-28
2-15-
Coal
Oliver
Co,
1-31
1-20
30C
<4-
1
1
1-17
1-25
1
$1.25
2-
1
3-
1
2-10
$1.62'A
6-
1
5-10
.
$1
3-
1
3-
1
2-15
3-
1
(quar.)_
3-15
37'Ac
3-
&
3-
.1
3-
1
1
2-
'77c
2-
preferred
•
•
'
3-10
1
1
2-18
3-15
2-24
3-
2-18
$1.75
25c
1
2-
6 7
U
2-15
20c
3-15
2-28
25c
2-15
2-
7
25c
2-15
2-
7
.
2-15
60c
60c
3-
75c
2-
1
S.
4
U
S
3-
75c
1
3-15
;
3-
1
3-10
2-
9
$3:50
2-
1
8-
1
25C
2-15
1-31
25c
2-25
2-10.
20c
2-25
15c
3-10
2-21
(quar.)^
—
d,',.
!
:U»t»h
3-
1
1
2-
8
2-
8
2-
4
3-
1
2-11
3-12
2-28
3-14
3-
4
25c
3-14
3-
4
25c
2-10
1-31
1-19
$1
50c
50c
v
(quar.)—
—
2-
$1.25
3-15
25c
3-10
2-24
25c
—
$1.25
—
Co
3-10
2-2-'i
Circuit, Inc.—
Cos.
(quar.)
—,
& Foundry
Co.,
75c
$1.75
common
(quai.)
Accident
$2
~
(Del.)
Co.
(s-a)
—
58'Ac
53c
50c
37'/ac
50c
22'Ac
75c
—
25c
—'
75c
75c
75c.
$1.25
______—-
—
— —
common
(quar.)
25C 'l
(3-31
3-*4
'3-31
3—4-
2-10
1-31
4-
1
3-15
4-
1
3-15
4-
1
'"!/■'
3-15
2-28
2-
3-10
2-25
7-
1
6-15
1
3-21
2-28
2-28
3-21
G-20
5-31
9-20
8-31
12-20
II-30
3-10
2-
4
3-10
2-
4
2-19
1-31
3-30
3-15
2-25
2-10
2-10
2-25
3-
1
2-15
7 ;
2-H*
2-11
3-
1
2-1.5
/35c
3-
1
2-11
$1.12
3-
1
2-11
$3
-2-
1
1-25
$4.50
(S.
D.)
(quar.)———
__•__*__
Co.,
preferred
2-
-30c4
/
4
4
2-11
2-10
2-21
22-
1
3-10
i
2-15
2-15
3-
2-25
■'
1
2-15
Wesson
l
■'
Co.—
preferred
3-
—
(increased quar.)
Co.
.
Co. (N. H.)—
Insur.
Railways
& Foundry
1
1
1-24
1
1
3-15
1
2-10
2-15
3-
3-15
3-
Inc.—
(monthly)
Machinery Corp.. (special)—__
Co. (N. J.) common (reduced)__
Wellington
$1.75 <«<{ 3*
w
2-11
2
Warren
2-11
'
•>
2-11
—
2-1-0
1
2
2-
4
3-
1-24
3-
2-15
3-
2-10
62:yac
2-15
2-15
1
$1
40c
(quar.)
(quar.i
Corp.,
1
1
3-
5-
25c
,
'idle.
fs)
Unit.
Coal
&
1
22'be
50c
.
:
2-15
40c
Theatre
convertible
30c
—
1
3-
2-15
50c
—*
(quar.)
Vanadium-Alloys Steel Co._^
2-10
•
1-31
75c
Virginia Coal & Iron Co.
.*
$1
Vogt Manufacturing Corp. (quar.)
20c
Warren Petroleum Corp.
(quar.)—20c
7-20
(Hartford)
1-18
7
3-
Winding
90c
1-20
$3,50
(s-a)
9
1-28
2-
'73- 4
50c
Universal
2-18
2-
25c
$1
SI.75
$15c
Consolidated Oil
(quar.)—----50c
—$1
Insurance Co. (quar.)—________
25c
Special
3-10
25c
—
Co.
Universal
2-25
2-10
2-17
2-15
(quar.)
United Steel Corp., Ltd. (increased)
2-15
;
3-10
3-10
1
Special
17c
preferred
2-14
3-
$1
75c
1
3-1
$2
50c
1
2-10
2-28
1-21
Universal
4-
$1.50
1
2-15
'
Corp.
preferred
Steel
2-15
1
2-
:_
Quarterly
2-18
3-
3-
1
75c
—,
preferred
Quarterly
Quarterly
3-15
10c
Shoe
Pipe
2-15
15
Extra
1
2-
3-10
U.
8-15
3-15
37Vic
(quar.)
(increased)
Lines
S
9-15
31
(quar.)
&
prior
5-13
6-15
18c
5c
preferied
(monthly)
prior preferred (monthly)
4VaVc
1
25c
—
2-15
10c
$1
prior
United
5
3-15
25c
50c
47Vic
.
common
Oil
Co.
Engineering
6.36'v
2-10
3-
Inc.,
Railway
Light
2-
2-28
40c
20c
$1
1
Co.
preferred
77-
-
2-15
—
Annual
2-28
4
$1.25
$1.25
$1.25
30c
87'/2C
~
(quar.)
Paper
Electric
United
2-15
3-15
(accum.)___
Artists'
Life
2-
2-28
3-12
^___
Oil
&
Seventh
&
2-11
3-10
$1
_____
(quar.)
preferred
17c-
2-10
3-
(quar.)
(quar.)—__!
SOVic
50c
—
United
2-15
20c
.
preference
2-11
1
37'Ac
Extra
1-31
3-10
$1.06
Manufacturing-,.!
(quar,)
1
3-
iquar.)
Clutch
Bag
57c
8
2-24
2-15
$1.12 'A
Philadelphia'Electric Co., ccthmcn (quar1. )—
$1
City
United
9
20c
(quar.)_
.Perkins MarMneVA Gear Co!— '
2-18
3-
(irreg.)
Disc
United
2-17
3-
50c
:
2-15
3-10
common..
Products,
Street
2-11
30c
(quar.)
Co.
2-15
Corp
——
preferred
United
(quar.)^
Marine
1
3-10
(s-a)__
Gas
Associated
30c
Corp.
3-
:
(quar.)
Co._—
Storage
1-19
$1
(reduced)!
Corp.,% class A__
1-31
Company
Co.
Coal
Union
2-11
37'Ac
(quar.)
Extra
1
1-31
2-28
1-31
2-15
25c
Electric
Union
2-15
>
I-31
50c
87V'aC
$1.05
25c
I 75c
!_
(quar.)
Drug Co.,
Inc.
Union
2-10
20c
$6
Twin
3-10
2-18
•
1
(quar.)
California
J.)
preferred
Tudor
1
10'A
(quar.)
Propane
Tidewater
1-22
50c
1
4.-
2-15
3-
Corp.
Thompson
1-22
2-
3-
56'Ac
—
Co.
Insurance
Pacific
47o
2-18
2-15
(quar.)—
(Indiana)
Co.
Extra'-—
246
1
2-
2-10
7
1
2-15
2nd
Texas
2-
3-
62Vic
(quar.)
Corp.
of
preferred
Tampa
2-21
3-
$1.25
(quar.i
(quar.)
Oil, (57c preferred
preferred (quar.)
Syracuse Transit Corp.—,
!.st-.:342r>/
1
2-14
$1.12'/a
$75c
:
3-
Corp.—
Spring
(William
Ray
47c
3-15
25c
25c
_*
common
Swan-Finch
2-11
2-.21
3-12
15c
25c
1
guaranteed
2-15
Stonega Coke & Coal Co
Sun
4-15
Co.—
Co.
Seal
Co.
Steel
Oil
Stoufler
1-24
7t:
&
Forgings
Suburban
2-14
1
1
Corp
Parfcer Rust-Proof
.
Stange
1-25
1-31
B
Outboard
Cap
Oil
Sterling
8
2-25
2-15
———
convertible .preference
Standard
1-25
2-
:
Bancoi^joration
National
Class
1-
1
3-12
1
Brands, Inc., com. 1 reduced quar.)
preferred
(quar.)——
Standard
2-10
1-31
2?15
.09
-
Old
2-23
2-
3-
iquar.)
Co.
non-curn.
Standard
1-25
$1.62'A
(s-a)
Insurance
non-cum.
$1.60
2-14
25c
l'/c
Pharmacaf
Ben
1
1
2-15
3-
preferred (quar.I
preferred (quar.)
preferred (quar.)
non-cum.
Trunz,
&
Norwich
2-
3-
5c
(accum.)
Western
preferred
Co.,
Standard
9
1
1
(quar.)
Gas
>
3-
1
;
(quar.)
Edison
Railway
67
i__
Carolina
series
$3.50
1
—.
(quar.)
common
Co.
Co.
57c
1
series A (quar.)
Southern Railway Co. (quar.)
Northeastern
2-15
2-28
2-
-
4-
preferred
I'x
2-15,
.09
'i+iS
3-15
2-
71
Co.,
Pulp
57o
5
245
9
2-15
$31'Ac
(s-a)__
——
Natural
57c
1-25
2-
1
Carpet—
(quar.)
California
4.88Vc
Sons
&
Southern
Chicago & St. Louis RR.—
245,
.10
.10
—
A
2>
50c
Gas Co., com.
(stock
Socony-Vacuum Oil
2-28
3-15
—
—
preferred
North
-
! Low'.'Priced'
Souihern
.
Bond
Co.
\
2-17
(accum.)
Norfolk
245
.01
1
10c
Norfolk
2-15
! 2-28
.0?) '
:
———
.07
.10'
Fully * Administered
3-
50c
York,
4 7c
2-15
.07
—
Soundview
New York Dock Co., $5 preferred
1 irreg.)__
Newport News Shipbuilding &• Dry Dock Co._
Nopco Chemical Co.—
2-15
.09
'
,09
'!> 'Aviation'
Building
.09
.09
.
2-17
25c
New
New
Regular Extra Total
=x-v:•
1
preferred
(quar.)
Amsterdam Casualty Co._
Jersey Zinc Co. (quar.)
6','c
Automobile
3-
$2.40
Group Securities, Inc.—
v;' Agricultural
1-24
4-15
(quar.)—
New
___*_•—
1
Co.
Common
2-10
2
2-23
3-
:—
dividend)—,———
2-
(Alexander)
2-10
2-
3-
40c
50c
(quar.),—
Oil
Smitn
2-10
1-25
5-
(quar.)
2-15
2
7c
(quar.)
preferied
2-15
2-
Inc.—
preferred
:
Vulcanized
Meter
preferied
Co.,
$4.20
75c
Co._
Brothers,
Neptune
2-14
1
84 %c
(quar.)
(quar.)—
(quar.)—-——
preferred
2-15
3-15
Neisner
common—
4'/a 7c
&
Skelly
.
$4.50 pfd. (quar.)____
National Lead Co., 77c pfd. A (quar.)_
Oats
(Franklin)
3Vb'.'
2-15
2-11)
$1
1-24
25c
—
(quar.)
1
preferred (quar.)
1-21
(quar.)—_
Corp.* (Del.)
1
2-28
25c
$2
(quar.)——
common
1
2-15
preferred (quar.)!,,—!:
National
Co.,
1
(quar.)
Co
912-
$25c
2-
25c
National Gypsum Co.,
5
f:5c
__
Container
4V-i'/>
1-15
•
25c
(quar.)
Co.,
Cigar
—
Inc.
1
9-15
12-15
25c
(quar.)—.
2-
—
Aluminate
National Cylinder
2-15
1
75c
—
Acme
National
1-15
preferied
2
(quar.).
National
2-
2-15
$12'Ac
Frpiman (A. J.), Ltd., common (quar.)——
$$1.12'A
4'A'A
preferred (quar.)——*_,
50c
Fruehatif Trailer Co., common (quar.)_.___
preferred
Lines,
Corp.
National
4
2-15
tOc
**_
—
(quar.)
class. A
$4.50
2-
Nashville, Chattanooga & St. Louis RR.__
Franklin)
Simon
8
$1.25
Engineering
Finance
Inc.,
1
$1.75
v
common
6-
$1.25
$1.25
(quar.)
3-
$50c
Murphy (G. C.) Company (quar.)—
Muskegon Motor Specialties Co.—
1-31
3-
$2.50
preferred (s-a)
Co
non-cum.
Franklin
1
Co.—
Investment
Franklin
3-
(Del.)
8
$$1.25
preferred (quar.)
1-31
31'Ac
,
Co.
Winnipeg Brewery, Ltd., cl. B
Simon
Service—
Hardware,
6-15
i25c
2
20c
Monsanto
2-14
3-1
$1.25
—
2-
:
Public
1
3-15
62Vic
(quar.)
2-
60c ?
Go
3-
Standard
common— 77
(quar.)
preferred (quar.)
Chemical Co., common
$3.25 preferred series A (s-a)
$4 conv. preferred B (quar.)
11-15
4-
Rubber
$1
$1.25
Ltd., common
1
15c
Co.,
1-25
85c
2-28
14c
(accum.)
57c
8-15
1
2-
.1
3-10
1
(quar.)
3-
lU'Ac
Ccmmon
5-13
1
912-
.
2-28
3-
1
tquar.)
common
Sherwin-Williams
47c
3-15
2-
Extra
1,(
12'Ac
Co. (quar.)
Reclaiming (quar.)
2-
2-15
■
2-
45c
Abrasive
Mid-West
2-15
2-15
:
25 c
—
1-25
(quar.)
2-15
Corp.,
4
(quar.)
Mickelberry's
$1.25
______
preferred (quar.)—,,—
California
2-
(quar.)
1
50c
of
Power
pfd.
pfd.
Merritt-Chapman & Scott Corp.—
6 Vst 7c preferred (quar.)
$1
4% pfd. (quar.)——
$1.22'A
:4.S%
preferred (quar.)————$1.22'A
lc
Ford Motor Co. of France, Amer. dep. rets.
25c
Fort Pitt Bridge Works (quar.)
conv.
2-15
$3
1
$1.25
(quar.)——
Inc.—
1
35c
2-
$1.25
(quar.)
3-
2-15
Oil
Standard
2-
$1.25
-
&
2-14
—
50c
_—,___
1
20c
2-15
37'Ac
*
3-
25c
2-15
2-15
$1
$1.03'A
25c
20c
2-16
Shea's
3-15
4-
',*'
Surety Co. (increased)
Banknote Co., common,
preferred (quar.)
Scrvel,
—*
25c
(quar.
(quar.)
77«
57c
3-15
—
(quar.)
$1.50
(quar.)
Co., Inc.
3-15
1
Security
7
60c
Chemical,
& Frank
1
Seaboard
2-15
2-18
(quar.)—__
Metropolitan Storage Warehouse
Michigan Seamless Tube
Michigan Sugar Co.. 6'i preferred
$1
2-
1
2-9
(quar.)
Power Shovel,
1
1
2-21
3-
1
Refrigerating Co.—
preferred
(acciun.)
3-
(ouar.)__*
Seaboard
3-
,——,
Corp.
Co
Company, common
3-15
(quar.)„———_
1-24
2-28
Copper
Manhattan
8
Co.,
Co.,
preferred
1-31
Manhattan
2-15
2-18
Co
Paper
1
4-
$1
$2.50
Co., Ltd.—
(quar.)_"_—,
2-19
25c
A
5V"
Structural Steel
3-21
4-
4-
$1.12
40c
—
—
Co.
Southern
8
$1
*__
class
1
/'■
2-
2-15
t$1.06'A
(quar.)—,___
$3.50
1
2-
.-
$1.75
(s-a)_
3-
2-18
Milling
$1
—
Ma'kinnon
conv.
4% 7c pfd. (quar.)
preferred (quar,)___
$25c
year-end)
8
1
$1.25
Ltd.,
preferred
&
30c
(quar.i——
2-
3-
$1.25.
$1.25
(quar.)_,.
(quar.)
$1
1
$15C
(quar.)——
2-
$3.40
35c
——
$25c
,
1
15c
3-
$1
——
iquar.)___
Scythes
3-
1
2-23
30c
7c
Paper
1
$2
3-15
1
Scott
2-
29c
Lyons Finance Service, class A (quar.i
50c
convertible preferred
(quar.),*
42c
preferred
(quar.)
50c
_
2-25
2-10
1
2-
5
—
2-28
2-15
3-
(quar.)
common
4Vi%
2-15
3-
25c
Extra
35c
2-18
2-10
4-1J
(increased)
preferred A vtc
$1
2-11
$1
_
(quar.)
3-
5-
conv.
Extra
River RR.—
35c
(quar.)
3-14
65c
(extra
25c
$1.31'A
t25c
42'/2c
—
(quar.),
conv.
50c
2-15
Square
1-20
Francisco Ry., com. (initial),
preferred A vtc • (quar.)__—„*
preferred A vtc (quar.)—,
£.
3-
—
35c
.
2-
(quar.)
preferred
(Jacob)
conv.
$$1.75
preferred
preferred
1-20
Louis-San
$40c
(quar.)
common-—.:
common
guaranteed
57c
9
2-
Savage Arms Corp
Sayre «fe Fisher Brick
1-31
2-20
15c
Ltd.
25c
(quae.
A
8c
50c
(quar.
9
3-
preferred A vtc (quar.),—,—
Saiway steel Products, Inc. (quar.)
Sagamore Mfg. Co. (quar.):
3-14
1
2-25
35c
preferred
Missouri
&
3-
4-
5'/«
4
25c
preferred (quar.)——,
2nd
preferred (quar.)—
Louisiana
1-26
4-
—
common
5Vc. conv.
57c
4
$1.25
1
3-
25c
———
class
2nd
Taylor,
2-
— — —— — —
—
(quar.)_
2-28
28'Ac
—
—*
Fair (The)
Fairbanks-Morse
'
3-
3-15
25c
_—:—
1st
17c
(quar.)—————_
Co
&
67c
3-1
*
common-,—
$5 preferred A (quar.)_„
Eversharp, Inc., 5% preferred
"■
2-15
(quar.)————_
Hotel,
non-cum.
Lord
2-10
93 %c
Baltimore
rl7o
1
25c
(quar.)—_
(quar.)——
Products, Ltd.
Erie Railroad
,
1
(quar.)
(resumed)
vtc
35C
25c
$1.12'/2
7Vic
6'Ac
1-31
1
(Dayton, Ohio-
$25c
3-
50c
.
3-
(quar.)
75c
1
Paper Co.,
B
3-15
25c
_
;t*;*
3-
Groceterias, Ltd., class A (quar.) —
1>
3-
Investing
2-
,
Loblaw
4-
■
•''
Russell-M.iller
2-18
Chemical Co
Corporation (quar.)—
93%'c
$25c
7, Food
Ruppert
5
$1.18%
1-24
25c
(quar.)
—__——
Hosiery Mills, class A
Hose
•.
1-24
2-
37'Ac
Co.
A
1-27
1
!
Sons
&
2-28
prelerred
2-17
5
&
(James)
4-
Paper Co.,
25c
Hotel
9
Electric
•
—
Co.,
1-31
$1.18%
(quar.),,—**—„—_*,
57c
(quar.).
Lincoln-Clark
—---*-*—
B
Fabrics,
40c
Empire & Bay State Telegraph Co.—
-4;». guaranteed tquar.)*,*_
Employees Credit Corp., class A (quar.)
>Class B (quar.)——:
—,*—
80c preferred
(quar.)—.
.$1.50 preferred A (quar.)__
Employers Reinsurance Corp. (quar. >
.
Rollanti
4-
G.),
Inc.—
5-16
8-
;4lIo
2-11
4-
Machine (quar.)
$4 pfd. (quar.)
(R.
1
1
Steel
Tourneau
preferred
35c
(quar.)
6-
9-
Ltd.
Bryant
$50c
75c
Furnace,
7%
3-
Laboratories, $1.16 pfd. (quar.)
Foundry & Machine Co. (irreg.)
Lees
8
General
prior
2-17
(quar.)„
2-15
2-
Bros.,
preferred
1
1
Gamewcll
57»
interest
Milling
3-
3-
4rr
series
8
(quar.)
Woods
$15c
(interim)— !":
common
the
of
77o7c
Lea
(increased)
common
Co;,
Electric
$5
5'/o
2-
20c
:
(quar.)—_—
Industries
France
2-15
Inc.,
Co.
Co.,
&
2-28
65c
2-17
3-10
2-15
Co.
Gas
3-10
$1.25
1
2-28
10c
A
Mfg.
2-15
Lakeside
75c
Match
Foundation
Rockwood
i
(quar.)
Laclede-Christy Co.
1-14
56'Ac
Insurance
preferred
(quar.)
Hudson Co.
&
Co.
2-18
$1.75
beneficial
2-21
Co
Paper
<fc
common
Co.,
of
1
participating pieierred (s-a)_,___—
participating preferred (s-a)
_u_—_
$1.25
3-10
Fund—
1
37'Ac
Florida
Rockwell
Co.—
common
preferred
2-
(quar.)—_
Filtroi
Rockland
2-11
5'fa
;
Company-
3-10
(s-a)__*
(quar.)
Boat
$5
1-15
1
20c
-
Cement
3-
—
America
Seal
&
Electric
$5
1
common
4%'/)> j pfd.
45c
<quar.)„
Derby Gas & Eiectric (quar.)
Detroit-Michigan Stove. 5%
pfd.
„
2-
3-
1
2-
3-15
*
5'A'/c
preferred (quar.)——!
Robinson, Little & Co., Ltd., cl. A
$1.25
Co
(quar.)—
?6c
*
preferred
Eddy
(Walter)
Certificates
'
Class
A
40c
$25C'
Power
Co.,
preferred
Eastern
7
$1
(accum.)
Knickerbocker
25c
i
(quar.)——*
preferred
conv.
Cork
Durham
preferred
1
Ltd
Inc. (quar.)—:
Company, 3%%
Donohue
8
2-
——
Laughlin Steel Corp:,
preferred
$7
4
Cribben & Sexton Co.—
6%
&
4-
$1.37'A
Paint &
common (quar.)
prior preferred (quar.)——————
Cooksville Company, Ltd., class A (quar.)—
Coon (W. B.) Company (quar.)———
Cornell Wood Products (quar.i-
67>
2-
1
,
Kentucky Utilities,
Keystone Portland
1-20
8-
15c
$3
piamond
2-15
1
3-
20c
Life'Insurance
Corp
Special year-end
15c
(initial)
of
Can
Cook
7%
1
3-
$1.50
Estate
57o
—
(quar.)
Varnish Co.,
Delaware
2-15
1
2c
Co.—
Standard
Jefferson
2-25
Silver
50c
preferred
&
2-15
3-
5
2-15
40c
preferred (quar.)
Republic Drill & Tool, 6% pfd. (quar.)—,
57
prior preferred (quar.)
Revere Copper 61 Brass, Inc., common——.
3-
Co
International
7
40c
(quar.)„*__
Continental American Life
Continental
Deere
2-28
4-
—25c
$4.50
$3
Rys. of Central America—
preferred
(accum.)
5'/r
2-7
(quar.)—.
Co.
preferred
Consolidated
$2
9
8
International
1
3-
(quar.)——
(initial)
common
4»A%
22-
4-15
50c
Quarterly
Remington Rand,
1
2-15
2rl0
$1.25
(quar.)_—*_,
(quar.)—
Reliable Fire Insurance Co.
75c
International Business Machines Corp. (quar.)
International Cigar Machinery Corp
Paper Co. (quar.)———
Textile Mills, Ltd.—
Consolidated
Crown
3-
2-15
?5c
(quar,)———,
common
1-21
50c
4-
Steel
Stores,
12'Ac
5'/a
Inland
17'Ac
—
1
1-26
2-15
—10c
Owl
Extra
3-$0
12'Ac
—
Ingersoll-Rand
Co.—
(quar.)
Co.,
Power
Consolidated
Crane
(quar.)——
2-10
(quar.)
Corp. (quar.)
—
Consolidated Edison Co. (N. Y.)...___
Coro,
Red
25c
2-10
Consolidated Cigar
$3.75
2-18
$1
(quar.)—
1
$2
Telephone, $5
National
Connecticut
Container
2-18
2-
' 8C
25c
Mexico
2-18
$1.25
1
Co
Power
Central
$1
preferred
New
1
1
j
—
common
preferred
of
1
'
'
(quar.)
(quar.)
Co.
Breweries,
New
57c
1-31
Inc.,
Co.
4
2-
75c
(quar.)__L_
(quar.)**,—•
3-
(irreg.)—:—.—
3-
———
Products
Aluminum
New
Foods,
75c
guaranteed
Conduits
Y.)—
3-
guaranteed
Colorado
(N.
Service
Holders
Payable of Rec.
Ltd.,^_—J5c
3-
$15c
preferred ,(quaf.)
Oil & Refining Co.
America
4%7c. preferred
iquar.)_L
& Hardait Co.
of
Quaker State Oil Refining
Reading Company—
•
4% non-cum. 1st preferred
.
special
Coast
A
Co.
When
49
37lie
'
25c
$$1
<
—
(quar.)__
regular
Club
3-
2-
(quar.)_
50c
preferred A (quar.)—
Central RR., 6%
preferred———_
Co. (quar.)
_
Inglewood Gasoline Co.
(resumed)
(reduced 1———
Pittsburgh RR.—
4%
Clorcx
31c
5'/
1-31
________—_—!_'__■
!'/»
.
2-26
50c
*
Illinois
Clearing Machine Corp.
&
3-10
Class
2-15
___—-—
(S-a)_.—
preferred
50c
Hunt
—
% preferred (s-a)
City Investing Co., common
Cleveland
2-18
2-15
4
5'AVc
1
1
—__
Inc
preferred
3-
3-
'
4'/e
25c
50c
pfd.
conv.
Inter-Terminal RR.
Cincinnati
Public
,
2 72 7c
$37'Ac
tquar.),—„
Co..
Copper
2-10
common
$$1.75
(annual)
Ltd.
1
Company.
Cincinnati
1
Co.,
Humble
(quar.)—-—
Foundry Co.,
Belt
3-
1-24
1
Casco Products Corp. (irreg.),,
,
Central Arizona Light & Power, com. (quar.)
Central
Potash
Proprietary Mines,
Prosperity Co., 5%
1-24
3-
Co.
'
share
,
Co.—
Company, $1.50 class A
Cla^S B !u——L_*__1—
1-25
1
2-22
Screw
^
&
2-24
1
$25c
'
2-24
2-
2-22
Poor
1
2-
$20c
Phillips
3-15
Horn
Ltd
Products,
Steel
Carpenter
2-10
$$6.25
.
Silk
1
.
3-15
$1
Ltd., com. (quar.)
Locomotive
Canadian
3-
Phillips Petroleum
'1-25
145
1-31
2-1
Company
$1
43:,4C
_______
Class A (quar.)
—
Canadian Internat'l Investment Trust, Ltd.—
preferred
3-10
15c
_______
Canadian Car & Foundry,
Extra
3-23
Per
Name of
4
25C
$20c
(quar.) —
preferred (quar.)
Canada Vinegars,
Ltd
7%
5','0
2
3-10
Co.—
Common
Canadian
2-
1
3-23
25c
(quar.)—
Insurance
3-
25C
>
California
2-25
3-15
57c
$1.12'A
$2
convertible
k'/«
3
87'Ac
2-
(quar.)_*—
Watch
Hamilton
7
2-17
3-
Holders
l
preferred (quar.)—*—_—
Harbor Plywood Corp.- (stock dividend)—
l/40th of a share for each share held—
Hathaway Bakeries, Inc. (quar.)—
Heywood-Wakcfield Co. com. (reduced quar.)
5'fe
prefered B (quar.)
Hilton Hotels Corp., common (quar.)
conv.
preferred (quar.)—,
Holden Manufacturing Co., Ltd.—
:
20c
a__*
*—
Brothers
Halle
.2-18
3-15
20c
20c
Company.
Fund, Ltd
Bullock
3-
75c
;
Light, 6pfd. (quar.)—_
Co. (quar,)*i-—**—*— nu—
(533)
Payable of Reo.
35c
(quar.)——,—.
Co
Gas
Share
*>
Company
W.)
(Daniel)
$37'Ac
—
—
*___,,*—__—**„•
Line Co.__—*,—
Buckeye* Pipe
Buda.
£td
(3-a)_—*-,
of Company
(H.
Gossard
(&-a),_-,*—
.
Class';B
■
When
Per
Name
Payable of Rec.
Share
.
& FINANCIAL CHRONICLE
Holders
When
Per
Name of Company
COMMERCIAL
Oil
common—
(quar.)—
Mills
&
______
"
,
Snowdrift
Co.,
Inc.—
$1
3-
1
2-1,5
."25c
.3-
1
2-
7
preferred (qusr.)—_—87FaC
3.80% preferred B (quar.)-—95c
h
3-
1
2-
7
,3-1
2-
7
$4
preferied
Westinghouse
(quar.)—•
Electric
Corp.,
common———
_■
3 Va 7
$1
"Wiiite'S. Anto^ S,tores. Inc
—,
12V'ac
Wtckcs Corii. (quar.)_„.1—_J15c
Whitrker-Paper
Co.—
4-
345
1
?-J5
3-11
2'■
-1
3-;a
50
(534)
THE
When
Per
Name of Company
Wisconsin
$4.80
&
preferred
4%%
,
Power
Co.,
(quar.)
Woodside
Cotton
$1.20
.
preferred
(quar.)
Mfg. Co., Ltd..
Woods
Woodward
Governor
Worsted
Holdings
Bliss
(E.
2-28
Bliss
&
5%
1
3-21
Blue
3-
4
2-17
Blumenthal
10c
Extra
4-
25c
;
(quar.)
2-28
2-14
2-14
2-28
Bon
Ribbon
Ami
Class
Booth
Below
give the dividends announced in previous
we
dends
this
announced
4%
Bower
A
T
F
•
,
t25c
(initial)
Inc
Adams-Millis
Agnew
Aircraft
Shoe
Radio
Ltd.:
Stores,
Cast Steel-Co.
Alberton
Aloe
S.)
Aluminum
4%
Company
Co.
of
Ltd.
Corp.
Board
American
Can
American
Co.
Encaustic
Co.
Semi-annual
(quar.)
for
share
each
Gas
•""* *
City
Electric
of
Co.
Machine
Co
12 %c
Products
Corp.
Co.,
American
Sugar
American
Thermos
$3
preferred
1
3-
1
7-1
2-
2
1
(increased)
75c
2-
1
$1.25
2-
1
$1.25
2-
1
$1.50
1-31
2-
12%c
2-
1
2-
1
1-24
$1.12%
2-
1
1-10
(quar.)
$1.12%
2-
1
1-10
50c
2-
1
1-21
(annual)
5c
(quar.)
$1
common
$5 preferred
(quar.)
(quar.)
(quar.)
(quar.)
4%%
Fe
Coast
Atlantic
4%
Atlas
Ault
Line
(quar.)
2-28
22%c
2-
1
1-15
2-
1
1-15
pfd.
(quar.)
3-
RR
12-31
1-7
3-11
2 11
$1
2-1
1-5
93%c
2-1
1-5
2-
1-20
$1
(quar.)
$25c
1
2-1
1-3
2-
$$1.37%
1-14
(quar.)
pfd. (quar.)
Bareco
Wilcox
&
Oil
Barnsdall
Base
Co.
Oil
Metals
Bathurst
56y4c
B
A
Co.
1
1-15
4-
9
1-31
1-14
$1
15c
3-
5
2-18
$4c
3-
1
2-15
3-1
2-1
$75c
3-1
2-1
Corp.,
(s-a)
1-31
Quebec
Iron
2-
1
2-
1
1-10
4-
1
3-10
7-
2
4-
.
35c
1
1-20
6-10
3-10
35c
_
(quar.)
2
6-10
2-
1
1-21
$1.18%
(quar.)
7-
25c
(quar.)
3-
1
2-15
12%c
3-
1
7-
7
10-
7
3-10
1-31
Glass
Consumers
Power
1-15
$4.50
preferred
2-
1
1-15
$4.52
preferred
2-
1
3-1
$10c
2-15
1-15
1
1-15
1-14
Continental
2-15
1-31
62 %c
2-15
1-31
50c
2-
1
1-15
25c
2-
1
1-15
2-
.
30c
2-1
1- 7
Cruni
3-
1
2-14
$$1.50
2-
1
12-28
$50c
4-
1
2-28
(quar.)
(s-a)
*
(quar.)
s
quar.)
$25c
f25c
;
Products,
Canadian
Industries,
Investment
Investors
Oil
Canadian
Pacific
Ltd.
Ltd,__
preferred
(quar.)____
(s-a)
12-31
4-
1
1
A 2-28
4-
1
2-28
2-
1
1-17
1-31
1-
2-
1
Light,
deposit
Corp.,
Carson,
4%%
Pirie,
$10c
1
for
class
(A.
M.)
for
class
B
3
2-15
1-26
2-
2-15
2-
1
1-10
4-15
7-15
1-10
1
CO
22%%
25c
.3-
1
1
3-
1
4-
1
l';fcv
4%
(annual)
$30c
Gas
Central
Vermont
de
Store
4 % %
Chain
4%
Co.,
pfd.
Co.
Co.
com.
Corp.
1-31
2-
1-10
1
3-
2-15
2-
2-
1
2-28
Corp.
17C
37 %c
(Mass.)
of
New
2-15
1
2-
1
2-
1
Power
1
(L.
&
Corp.,
common
$6 preferred (s-a)
Beneficial Industrial Loan
share
Lines,
of
B
Co.,
Ltd.,
(quar.)
&
.'2-1
1-31
1-31
$1
1-31
1-26
2-15
2-
5
Chicago Corp. (quar.)
:
!___.
Chicago, Wilmington & Franklin Coal Co.—
Quarterly
;
15c
2-
Extra
-
1-
7
1-10
1
50c
2-
1-28
1
50c
2-
1
1-26
3-
1
2-18
(quar.)
25c
4-15
3-
8
Trust
class
Inc.,
common
for
each
100
Credit
Corp.,
& Anglo
preferred
Hedges,
Inc., common
preferred (quar.)
Berland
50c
(J.)
B
Stores, Inc. (quar.)
Sons, Ltd., class A (quar.)
(quar.)
"
Blauner's
Electric
Co.
(Phila.),
$3
2-
1
1-14
40c
1-31
1-21
$25c
2-15
1-31
(quar.)___
$5c
2-15
50c
(quar.)
preferred
,
1-14
1
2-15
1-25
25c
Company (quar.)
Birtman
2-
2-
1-17
75c
1
2-15
1-31
2-
1
prefeired
5%
preferred (quar.)__
5%
preferred (quar.)__
Citizens Utilities
5%
preferred
Co.,
common
(initial
'City Ice & Fuel Co.
City of Paris Dry Goods Co.
Fabrics, Ltd.,
1st
2nd
conv.
redeemable
Malting
5%
$37'/2c
1
$25c
4%
Investment,
(accum.)
;
7%
1st
preferred
(quar.)
1-20
1-31
1-20
$62%c
3-
$37%c
2-15
3-15
1
2-15
1
%
1-
T.
3
$25c
2-1-49
$25c
Worsteds, Ltd.*
(quar.)
Company, common (quar.)
2-^ 1
1-15
2-15
1-14
$$1.12%
10c
(increased)
(quar.)__•_.
Co., Ltd. (increased
Metals
&
Bradstreet,
Supply
(quar.)
Ltd., 4.80%
50c ;
quar.)_.
pfd.
1-38
2-
4- 1
3-22
2- 1
12-31
4
2-
1
1-14
3-10
2-18
1
3-18
$1.12%
$30c
(quar.)
25c
Dwight
Massachusetts
1-28
2-15
17c
(quar.)
—
(s-a)
Corp.
$30c
,
30c
(quar.)_
Inc.," common
preferred
' " 2-15
35c
preferred
Paper
2-15
25c
(quar.)
Corp., common
&
1
1-31
Paper
preferred A
4%%
1
Ltd.—
(quar.)
Ducommun
Dun
22-
Co., Ltd.—
Co., Ltd.—
4%%. convertible preferred
-Dravo
1-15
$$1.25
Linoleum
Woollens &
Donnacona
Drackett
2- 1
1-31
$30c
Common
..
1-15
$40c
preferred
Dominion
1-15
2- 1
3-
Ltd.
Co.,
&
2- 1
$75c
(quar.)
(quar.)
Oilcloth
l-3'l
2-25
$20c
(quar.)
(quar.)
preferred
2-15
2-25
$$1
common
pfd.
preferred
1
$30c
4-
2-15
1-31
2-
1-18
1,
$1
2-
25c
Ry.—
2-15
1-31
1-12
1
y
A
(quar,)___J
3-15
3-
preferred
A
(quar.)_____:
$1.50
6-15
6- 1
preferred
A
(quar.)
$1.50
9-15
9-
1
preferred
A
$1.50
12-15
12-
1
6%
preferred B
3-
1
2-15
6-
1
5-15
9-
1
8-15
C%
6%
preferred
preferred
2-15
2-
1
1
25c
2-15
2-
62 %C
3-31
3-10
.
81.75
2-15-49
2-10
$1.50
I
(quar.)
(accum.)
B
6%
preferred B
(accum.)_
preferred B
,!x
:
(accum.)
6%
25c
,
1-17
1-31
6%
$1.25
'.—rT
25c
6%
1
$1.25
s-a)
(quar.)
"
$1.25
(s-a)
1
1-17
2-
3-14
2-15
Pacific
.
1-24
2-
2-14
2-15
35C
(quar.)__
1
2-
2-15
6%
20c
$1.25
Texas
12-31
$$1.25
Eastern
50c
Shoe
Bertram
«
i
8
&
1-31
31 %c
1.
-
8
Orleans
1
3-
2-15
Investment Corp., Ltd.—
9-
New
2-15
10c
(quar.)
Co., Ltd. (quar.)
6-
5%
1-15
1
20c
(quar.)
7-15
Cincinnati,
1.
3-
2-1*7
10-14
1-15
1-17
1-31
2-
3-17
25c
shrs.
1-1*9
12-22
2-28
25c
common.
2- 1
3- 3
3-31
(quar.)
(quar,)
9
25c
(quar.)
Electric Co.,
1-14
1
25c
Common
2-15
&
pfd.
!
Common
&
2-
Fields Co.—
Duplan
(increased)
3-
2c
(quar.)
5%
1-14
Gas
1-24
12-31
$17%c
Corp.
1-14
Company
1
3-23
15c
—
Manufacturing
1
Chilton
3
2-1
2-
40c
Mines, Ltd
1-31
Cincinnati
1-24,
7%%
(Interim)
Inc
Inc. (quar.)___
2-
'Chrysler Corp.
1-
$37%c
prelerence
Mfg. Co._L
Easiem Corp. (quar.)___
held
conv.
pfd
Ltd.—
Shares,
Common
1-14
1-31
2-15
_
2-15
1-31
1
1-27-
15c
Shares,
Co.,
A
1-14
Coach
1'
2-
$2
Dupuis Freres,
Oil
2-
1
50c
,__!
Construction
Houses,
Dryden
25C
_
Cc
1
1-31
4%c
series A
Co., Ltd.—
deposit rets, ordinary
Corporation (quar.)
4%
1
3-
3-
30c
Dominion Stores, Ltd. (quar,)____—;—_____
Dominion Tar & Chemical Co., Ltd.—
3*
50c
1-11:
+$5
(quar.)
convertible
States
1
$1.50
2-
1
12-29
$1.50
______
(accum.)
Eastern
>
1
25c
Corp
Investment
1-20
2-15;
2-
Co.—
Insurance Shares,
Steel
1
1
2-26
$37%c
(quar.)
(increased)
Oil
2
$17%c
class A
Power
debentuies
1-18
1-21
2-
$1.25
(quar.)
Corp. of Canada
Light (increased)
Manufacturing
Rock
ti-16
2-
1-20'
2-
10c
Extra
1-26
1-
6-17
1
35c
.__.
&
2-
$1.75
(quar.)
Quarterly
1-26
$1
(quar.)__
40c
3-18
2-15
$1.13
(quar.)
Securities
1
$3
Motor
pfd.
Company.
i
Water, 5% preferred
3-15
8c
3-15
87%c
(quar.)__
2-
(stock dividend)—
Continental
!__
Terminal Co., com.
50c
(quar.)
1-14
3-31
50c
A.)
Leather
Dominion
1-20
25c
(quar.)
(reduced)
(quar.)
common
(quar.)
Light. 4%%
preferred
5%
1-20
2-
2-
Cotton
Inc.,
common
preferred
Dominion
1-15
75c
87 %c
Chickasha
2-15
$2
(quar.)
3-17
1-21
(quar.)____!__
Cab
4
1
6%
-
1-26
2-
56%C
(quar.)
Virginia--—!—
convertible preferred
Chicago Yellow
l-)8
1
2-
Dominion
1
'Chesapeake & Ohio Ry.
3%%
1-31
2-
$50c
(quar.)
Dominion-Scottish
York
common
of
2-15
25c
Press,
Extra
1-31
20c
(quar.)
;
(quar.)__
(1947 series)
preferred
Chesapeake
$40c
3-17'
5%
2-10
1
$1
preferred
2-
1
Common
Corp.—
(quar.)
Bank
1-29
1
Dominion
1-15
$1
Service
Estate
Corp.,
1-18 1
2-15
2-19
7-
Sugar,
Dominion Bridge
1-18
13c
85C
,
National
1
$8c
75c
4-11
—
„
Public
Real
70c
'
Common
1-12
40c
(quar.)
(quar.)
(Texas)
Copper
preferred
Store
Ltd.
2-
—
$25c
preferred
Common
Investment
Cherry-Burrell
4 7o
West
Pasco
Extra
Chase
Electric
Light
South
Y.)
Common
1-12
1-31
15c
(quar.)
Electric
(quar.)
&
Chain
&
Power, 3.40%
Central
Cerro
Co.
1-31
$20c
preferred
1-20
2-1.1,"
1
4-
Dominguez Oil
7
&
(N.
3-
$1.25
Domestic
7
1-
Power
2-24
31 %c
.
Additional
3-12
1-
Louisiana
1
2- .1
$1.25
Dodge
3-12
4-
1-31
Central
3-
$2
(quar.)
Dividend
2-15
40c
1-31
Central
SI
(quar.)
$1.50
2-11
25c
Y.
3-11
Industries—
quar.)
Distillers
1-25
3-
50c
N.
3-14
1
preferred
Dobbs
$1.12%
(quar.)
Cotp., common (quar.)
preferred
(quar.)
Gas
1<
4-
preferred
Dome
(quar.)
(quar.)
Ltd.
Atlantic
Disher
1-25
1
5%
Hudson
4-
$1.13
American
Celotex
Central
7
$1.12%
9-16-
Deep
,
2-15
&
7
1-26
2-
1
8%
6-15
2-
2-28
Electric
1-
2-21
50c
1
Diocesan
75c
Central
1
2-2*
$37 %c
(quar.)
4-
Deposited
3-15
$1.75
Co.
Co.,
(reduced)
7-
Common
1-28
Knitting
2-
>» ;
Sugar
Delaware
1-28
$$1.75
2-10
Celtic
'.
Dennison
Co.—
Company
Tractor
$1.25
f.
1-19
9-30
Class
12-31
1
$$1.25
50c
Caterpillar
1
$1.75
Debenture
or¬
__:
•
(quar.)
&
-v,
2-
$1.75
or-
(year-end)
(quar.)
Company, common
I.)
preferred
1-15
4-15
2-15
$1.75
Divco
A
preferred
(J.
2
(quar.)
Davis
1-10
50c
common
receipts
common
Scott &
20-
(quar.)__
Davenport
Ltd.
receipts
deposit
dinary (final)
Carrier
4-15
preferred
7%
Ltd.—
American
2
preferred
Darling
1-15
2-
$10c
Lumber,
&
t-
37 %C
common
8%
1-16
37%c
Y.—
common
Seal,
Dallas Railway &
2-28
4-
$$1.12y2
2%
:
Power
&
:
2
preferred (quar.)
Dallas
1-31
$10c
Quarterly
Lie..,
1.
2-
$1
N.
Ltd.
(initial
Forster,
3%%
V-
"
$20c
Ltd.
(quar.)
Quarterly
Carreras,
Co.,
3-20
4-1
■'
37%c
(quar.)(quar.)^
American
Cuneo
Co.—
(Payable in pound sterling)
Utilities, Ltd., 5% pfd. (quar.)___
Canadian Vickers, Ltd., $7 pfd.
(accum.)
Western
2-15
5%
7-15
$6C
______
Canadian
Canadian
7-30
(year-end)$22y2c
Fund
Ry.
1
5%
1-15
$21c
.__
common
Corp.,
Cos.,
5
5
3-
20c
of
Copper & Steel
Cork
&
Cuban
1-10
$25c
Canadian
11-
7%
1-10
$18%c
common
(quar.)
Foreign Securities,
Canadian
1
1
1-31
$18%c
_.
Ltd.,
2-
\, '
Ltd.—
.
2-
$15c
A
(quar.)
non-cum.
7%
1-10
1
$i5c
Ltd
-
Converters Co.,
2-
$$1.25
!.
(Dunsmuir),
*.&
&
1
1
7%
Ltd.
(initial
Food
Crown
Co.—
preference
Bit
1-2!
2-
10c'
_______
Corp. of America
Imperial Mills, Ltd. (increased)
Cuban
A
2-15
2-
37 %c
Corn Exchange Bank & Trust Co.
Quarterly
Corporate Investors, Ltd., class A
Co.—
1-13
2-1
Corp—
Co.
Co.,
preferred
2-15
3-10
2-1
$1.50
;_
Co.,
1
1-15
2-15
$46*
75c*"
Container
5%
1
47%c
Continental
1
1
".'at;?
Container Corp. of
America, 4% pfd. (quar.)
Bank & Trust Co. (N. Y.)
(s-a)
2-
2-
& Forgings, Ltd.—
(quar.)
1
$1.75
Safeway, Ltd., 4y2% pfd. (quar.)__ $$1.12y2
(quar.):
2-
50c
A
•
(quar.)
Consumers
1-15
62 %c
preferred (quar.)__
Castle
$5 preferred
1-29
1
Craig
A
1-20
2-
$1.06
(irreg.)
Dearboin
2-' 1
75c
1
Collieries
Itf- <7
2-15
37%c
(quar.)
B
Co.
Edison
2-
(quar.)
(quar.)
Telephone
Ry.
3-
2-15
-
quarterly
2-15
Cosmos
Carolina
(quar.)
class
Increased
1-15
Canadian
7%
B
Common
$20c
pfd.
2-15
$1.06y4
Mines, Ltd.
(s-a)
(quar.)__
Works
Extra
Beneficial
Class
Consolidated
7-28
10-28
Class
50c
Belmont
Best &
Consolidated Coal
2-21
4%%
1-18
1-20
1
50c
.
common
common
preferred
Belleterre
1
$1.50
:
(quar.)
Co.,
2-
2-
25c
preferred
& Howell
v
75c
(quar.)
Shoe
1
40c
(quar.)
(quar.)
S.)
3-
25c
common
7
1
t
prefeired
(quar.)__l
preferred (quar.)
Benson
1-17
$25c
A
One
1
$37%c
$1.40
4V4%
1-15
(quar.)
Class
(A.
2-
1
75c
Corp., Ltd
Paper, Ltd.—
Co.,
7
4-
:v-
4-28
3-21
common
3-25
(increased)
&
7
4-
4-28
$38c
Co., Ltd., $1.20 pref.
Central
(initial)
A
4%%
1-15
2-
Mining
Lumber
$1.40
1
2-
Co
Baystate Corp. (increased)
*
Beaux-Arts Apartments, $3 prior pfd.
$6
1st preferred
(quar.)
Beck
1-20
8c
Extra
Class
2-
1
25c
(quar.)
(quar.)
Power
Class
Class
Beaver
2-
$1.13
(quar.)
Corp.
10-
10-28
•
$20c
$3
•.
Southern
25c
'
Co.—
(quar.)
7
50c
common
&
1-25
15c
Chemical Industries, Inc.—
participating preferred class A (quar.)
$1.50
class A
participating preference _■
$20c
common
(quar.)
(quar.)
2-25
$1.06%
(quar.)
$1
Consolidated
.
Water
$$7
?
50c
Connohio, Inc.,
7-
(quar.)
Packing,
3-18
(quar.)_!'_"»•
Electric
Ohio
6%
40c preferred
7-28
20c
Power,
1-25
3-31
Consolidated
Extra
30c
(monthly)
$4.50 preferred
Ayshire Collieries
Babcock
1
Mills—
Common
Co.
2-15
1
International
7
1-25
1
50c
1
j.u__
;___
Iron, 5 preferred
4-
1-10
2-
87 %c
(quar.)
common
Southern
1-10
1-31
20c
pfd.
$32 %c
Class
&
8- 4
1-31
\
$25c
*____*
System, Inc. (quar.)
Pictures, Corp., $4.25 pfd.
4-28
Co.—
Mills, Ltd.,
$25c
5 'r 2
9-1
•: $20c
:
1
6-1,,
20c y
v
.•
preferred (quar.)—
Connecticut River Power,
1-12
1
r J 2-1
common__^! v!-//A
$2
Foundries
/Class
4%
2-
$1
&
$30c
$30c
Electric
Canadian
Case
A (quar.)
(quar.)
4% pfd. (quar.)
B
&
Avondale
(quar.)
$30c
Machine
Breweries,
1-28
1
$1
$1.20 convertible prior preference
Avco Manufacturing Corp., $2.25
$2
2
2-
$1
Co.—
Co.,
Ltd.
2-15
$30c
American
2-1
$2.50
4%
Wiborg Proprietary, Ltd.—
preferred (quar.)
Austin, Nichols & Co., Inc.—
Bell
2-28
2-25
3c
*
1
1-31
3-
20c
i
Corp. Ltd.Concord Gas (New Hampshire)—
7% preferred (accum.
Connecticut Light & Pwr., $1.90 pfd. (quar.)
1-19
2-
basis)
Gas
Commonwealth
1-19
1
22%%
5%%
.
9-15
3-15
Ry.—
preferred
preferred
Steels,
1
3-15
30c
$1.50
Refining
Powder
Atlas
pfd.
10-
30c
(s-a)
convertible
3.75%
6-15
25c
Santa
City Electric,
Atlantic
3-15
1
;
(quar.)
preferred
1
7-
$1.25
'
5%
1-31
1-31
4-
common
preferred
Atchison Topeka &
Common
3-
$1.25
Associated Telephone Co.,
5%
preferred (quar.)
Atlantic
1
3- 1
$1.25
Refining,
convertible
6-23
6-23
t$1.12%
(quar.)
(quar.)
&
3-23
6-30
6-30
$15c
preference
$5 preferred
$1.20
3-31
$1
Ltd.,
preferred
Ashland Oil
1-20
$3
(s-a)
4%% convertible
Arizona Edison Co
$5
1-20
1
2-
_
Canadian
(quar.)
Corp.,
3
2-3
Mills
preferred
Argus
2-
5c
Extra
2-
$30c
Regular
:
Fuel
$20c
Canadian
(quar.)
6%
Co
Year-end
1-24
62%c
2-15
$30c
Bronze
5%
1-11
1
preferred
Common
15c
25c
$1.50
(quar.)
preferred (quar.)
partic. preferred (quar.)
Canadian
$56%c
2-15
:
Canadian
1-21
-3-15
quarterly
a
(quar.)_
$30c
Canadian
1-6
2-18
1-31
2-15
•
preferred
(quar.)___
Columbian Carbon Co. (quar.)
Commonwealth Edison Co. (quar.)_________
1-14
*
2-15
$30c/"-
■
4%%
2-15
preferred
New
1
1-31
(quar.)__;
preferred (quar.);
Canada
1-17
2-10
3-15
$30c
preferred
7%
12-30
preferred
Common
Machine
preferred
Canada
1-17
2-15
10c
4.50%
Cotton
90c
1
3-
25c
(quar.)
A_
1st
Canada
1-20
4%%
Arcade
class
(quar.)
Linen
$1.20
1- 5*
2-
Appleton
Arrow
$1
3-
$1.50
—_
quarterly
Common
6-1
$4
25c
Power—
Company
Liqueurs Corp.
(accum.)
Co., Irjc.__
Co., $3.60 preferred
Ltd.,
Canada Cement
43c
(quar.)
Columbus
Colorado
Columbia
(quar.)
California
2-19
(year-end)
(quar.)___—
America, com.
B
2nd
5%
1-14
$$1.12%
(quar.)
1-18
(quar.)__.
California
1-14
participating-
common
1
Participating
1-20
com.
Co.
2-
&
California
1-17*
1
2-1
&
Appalachian Electric
22-
.2-1
10c
30c
(quar.)
Co. of
preferred
1-28
\37%c
Smelting Co., com._
(quar.)
Anchor Post Products, 6% prior pfd. (quar.)
Anglo-Canadian Telephone Co.—
5%
1
(monthly).
(quar.)
American Zinc, Lead
$5 prior preferred
Animal Trap
3-
25c
pfd.
Bottle
American Viscose Corp.,
4%%
1-28
common
quar.)
Refining,
preferred
1-28
1
(quar.)
Ltd.
Metal Co.,
preferred
(initial
American Service
1
3-
Co.
American
25c
Jackson
80c
1-20
3-
(quar.)
—_—______
American Light & Traction Co.,
6%
preferred (quar.)
American-Marietta
1-31
50c
62 %c
75c
pfd.
Columbia
preferred
4-1\;
,
Ltd.—
Steamship Lines Ltd.
1-18
$6
on
preferred
1-17
$7 y2c
A
$1.50
9
$3.50
2-16
1
$20c /
Hardware,
Colgate-Palmolive-Peet,
1-15
1
inc.—
Extra
2-
i-
1
Burroughs Adding
for
12-29
1
3-
1-14
2-; i:
3-16
Common: (quar.)"/
(quar.)_
Die
Caldwell
5
3-10
20c
k
20c
Common (quar.)
Collingwood Terminals, Ltd.,
v
Preference.:,!.*
Collyer Insulated Wire__;
Colonial
—
Byron
/
1
Stores,
Quarterly
Quarterly
Quarterly
9
2-
$15c
(s-a)
1-
2-25
8%
B
Class
a
3-15
General Corp., $2
preferred
(quar.)
preferred (quar.)
Home
2-
1-15
.
1-1*4
i-2b
1
4-
20c
,
(quar.)
(now
5
1-14
1-31
55c
$1.12%
^monthly)
Dunlop
Common
2-
Increased
3-15
2-1
$50c
Quarterly
2- 9
t
$12 %c
Quarterly
a
:—_
8
1-31
X-
Shoe
Class
com¬
1/100
3-
(quar.)
Bullock's, Inc., 4% preferred
Burns & Company—
1-21
3-15
3-19
2-15
1-
2-15
$1.25,
_.
common
___
$1.20
preference- (quar.)
Cockshutt Plow Co.--
25c
preferred
Buell
2-18
25c
75c
1
lr;5
1-
1-31
$5.
1
_1
1
2-
Louis
<;
Co.—
Hill Falls Co. (quar.)
Buckeye Steel Castings, common
V 2-18
1
—
held
dividend
$2.50
4%%
1
1
3-
1
$$1.75
Buck
•
,
of
City Electric Co.
American
American
2-
3-
held
share
American
5%
50c
12%c
2-
St.
&
;
■
A
$$1.50
Mills,
6%
Class
(quar.)
B
Class
2-18
12 %c
—
preferred
Cochrane
1-31
Ltd.—
Paper,
Telephone
1-20
1-10
2-15
Rubber
Brown
Bruck
2-12
1-20*
2-28
&
Department
Co.,
Brown
Y.
(quar.)
Co.—
share
stock
Atlantic
of
each
Electric
extra
2-15
—
Socket
Atlantic
share of
mon
&
2-28
75c
:
quarterly cash dividend.
(stock
dividend)
2/100
Common
Brown
1-18
1
50c
.—
Co.
(quar.)_
Assurance
of
N.
&
2-
2nd
Class
2-4
1-17
2-14
12%c
(quar.)____
Tiling
-
Common
$3
___
___
Forging
Common
3-4
1-31
3- 1
.
$1
Extra
American Gas
6%
Common
1-13*
/v
(quar.)
(quar.)
Equitable
American
—
(quar.)
Petroleum
American Airlines, 3%% pfd.
American Book Co.
(quar.)
American
1-31
150c
75c
87%c
—
American Box
85c
20c
Pulp
1
1
68 %c
__—
(accum.)
Columbia
2-
16C
Chicago
(quar.)
Industries
Monthly
Monthly
2-
70c
(quar.)
Clinton
<2-25
$1
-.
quar.)
Products
Forest
preferred
Broadway
2-2
3-14*
Co
Mfg.
Extra
Amerada
1
3-1
4- 1
$25c
(quar.)
Goods
Aluminium,
2-
(increased
Columbia
7%
British
Canada, Ltd.—
preferred
Aluminum
2-15
25c
(quar.)
1-31
2- 1
1-20
3-15
1-31
2- 1
1-20
2- 1
4- 1
2-15
$1
British
1-20
preferred
2-
t
30c
____
(s-a)
common
$4.50
1-21
1
30c
(quar.)__.
common
Cincinnati,
Holders
Payable of Rec.
Shark
5%
preferred
(quar.)__
Cleveland Electric Illuminating,
1-21
1-31
2-
$1
,
British Columbia
1-14
2-
30c
(quar.)_
1
3- 1
2-15
15c
25c
(quar.)—
Corp.
(A.
1-27
5c
Corp.__
Electric Appliance Corp.
Laboratories, Inc. (quar.)_
Alloy
2-15
$15c
:
Air-Way
Allied
3- 1
50c
-
Surpass
4- 1
25c
common
Co
1-31
25c
(quar.)
Bearing Co. (irreg.)
Ltd;, class A (quar.)
!_
Brantford Roofing Co., Ltd.
(increased)
British Celanese, Ltd.—
American deposit receipts ordinary (final)
Payable of Rec.
Share
Ltd.—
Co.
1-17
Company
(quar.)__
Ry.,
2-18
(quar.)
Roller
Bowes
Holders
When
Per
New
Edison
1
1-24
A
Cleveland,
1-20
3-
40c
A
(reduced) __'
preferred
2-1
15c
50c
Corp., common
(quar.)
Class
3-19
3-19
(s-a)
Fund, Inc. (quar.)
Bourjois, Inc., $2.75 preferred
week, these being given in th*
Name of Company
3-31
3-31
$62V2C
(quar.)_
'City Stores,
1-12
1
25c
5% pfd. (quar.)
Company (quar.)
&
Co.
2-
Name of
7
37 %c
Corp., Ltd.,
Company, class
B
25c
;
common
Boston
preceding table.
Abitibi Power & Paper Co.,
1 quar.)
Inc.,
preferred
(S.)
Fisheries
Boston
The list does not include divi¬
paid.
Co.
Bobbs-Merrill
10c
;
weeks and not yet
W.)
Laughlin,
1-
2-15
When
Per
Payable of Rec.
10c
1949
Monday, January 31,
Holders
When
Share
Corp._
convertible
25c
—
Co
Co.
•
2-28
3-31
CHRONICLE
Per
Blair
2-28
3-15..
t50c
FINANCIAL
Name of Company
1-31
3-15
$1.12%
*—
Mills
Wyandotte
2-15
28c
common____
&
Holder<
Payable of Rec.
Share
Light
COMMERCIAL
5- 2
4-15
$1.50
!
8-
1
7-15
$1.50
1T\-
1
10-14
$1.75
;
4-
1
3- 4'
$1.50
'4-
1
3-
Corp. (Maryland)—
$7
preferred A
(accum.)
$6
preferred B
(accum.)
Eastern Sugar Associates, $5
Eastern
Theatres,
Ltd.__
;
—
pfdi (accum.)$1.25
$$1
4
2-21
1-24
2- 7
1-14
Number 4773
Volume 169
•
■■
,
<
-l
/Name of Company
Edgewater
Monthly
Ekcio
Per
Share
'
—:
—;■
—
Products 'Co.,
common
i (cash
.
Emerson
Drug
dividend):
1-15
1
1-15
Hecht
Company
3-21
3-
3
Hercules
Powder
1-31
1-26
Hercules
Steer Products
2-
1
3%%
1%
3-
2-11
1
25c
1-19
4-
1
3-15
$1.25
'20c
25c
"preferi'ed (quar.)—12:——-2-—
Empire Dictrict Electric Co., 5% pfd. (quar.) '-/•
Empire Millwolk COrp. (quar.)
Employers Group Associates (quar.)
1-19
1-31
50c
8%
1-31
25c
——
—_
3-
2-15
1
1-31
1-15
1-31
1-17
1-31
——
Hershey
1-17
$4
v
preferred
5%
Co.,
preferred
2-15
2- 4
2-
1-10
35c
37Vic
Enamel
Eppens Smith Co.
(s-a)
Equity
Corp.," $3
Erie
Kalamazoo
&
Esmond
$1
Sugar
Faiardo
5%
6%
"(Charles E.) Company.
Holly Stores, Inc., 5% conv. pid. (quar.)—
Holly Sugar Corp. com. (quar.)
;
5% preferred (quar.)
.•—
Holyoke Street Railway, pid. (quar.)___
Co.
Farmers
&
(extra).
Traders
Fashion
Park, Inc.
-Quarterly
:
2-
1
1-19
Hooker Electrochemical
2-
1
1-17
2-15
1-24
$2.50
4-
1
3-16
50c
2-
1
1-20
50c
5-
!—
Co.
__
—
_
Enamel
Corp...
&
Power & Light Co., 4Va %
preferred,
Machinery & Chemical Corp.—•
•3%% preferred (quar.)
3-25
3-10
2-
1-15
1-31
1-19
Horn
3-
1
2-15
Home
2-15
Houston
1
Bros.
Gear
2-10
Machine, com.
Foster
&
preferred
Kle'iser
Foster-Wheeler
6%'" prior
Co.
93%c
"preferred
—„
1
Steel
Gardner-Denver
Wood
:*4Vfc%
..._
Baking Co..
General
Cable
General
3-31
2-
1-31
1-14
1-31
1-14
Finance
Illinois
Brick
Illinois
2-
1
1-15
Illinois
2-
1
1-15
1-31
1
1-20
1
1-20
1-31
1-17
1-31
1-17
2-
1
2-1
General
Motors
S5
C
2-
1
1
12-29
2-15
5-25
5-25
common
V. <50c
(quar.)
2-15
1-28
6%
87Vic
conv.1
6VI2 %
1
pfd.
(quar.)'
2-
4-
4
and
Bond
International
1%
preferred
International
7%
preferred
7%
6%
($5
convertible
International
2-
1
1-10
2-
1
1-10
1
2-
1
par)
4
Ironrite
2-
4
Jacobs
7-15
6-29
$50c
7-15
6-29
$$2.50
7-15
Ironer
"Corp.
Fund,
of Rhode
6-29
55c
conv.
5%
preferred
pfd.
(quar.)
1-20
Kalamazoo
Stove
2-15
Kalamazoo
Vegetable Parchment Co.
12-16
$1
$5
convertible
preferred
6%
(H.-
C.)
Company,-
preferred
$1.25
Grand
&
Co.
Union
Co.
15c
Ltd.
class
-
Northern
West
Great
West
A
Green
Bay
Assurance
Western
&
Green
(H.
.'Extra
Greer
L.)
J...;
GTiesdieck
S5$T
Grfess
Pfleger
Gulf,; Mobile
&
$5
(increased).
Inc.
pfd.
Bros.
Kinney
$6
Natural
1
2-14
95c
3-
1
2-14
(annual)
com.
$1.50
2-
1
1-18
2-
1
1-18
10%
of
Mfg.
Co.,
common
1-21
Kokomo
1-20
Kresge
common
preferred
1
2-
1
1-13
1-15
Water
7%
2nd
$1.25
3-30
3-10
$1.25
Canada,
6-30
6-10
Kysor
La
$25c
i
3-
1
2-
1
pfd.
(quar.)
Lamaque Gold
Lane
Bryant,
60c pfd.
(quar.)
Co.,
Mines/Ltd.
Stores
Co.
:__
*
(quar.)
California,
...
4%%
preferred
(quar.)_
cl.
A
(quar.)
—4
1
9-
1
8-
1
L'Aiglon
12-
1
11-
1
Lafayette National Bank of Brooklyn in N. Y.
Lanett Bleachery & Dye Works
1
2-15
1
2-10
50c
3-
1
2-15
Laura
Lees
Tire
Corp.
(quar.)
(quar.)
Secord
Candy Shops, Ltd
Sons, 3.85% pfd. (quar.)__
Portland Cement Co.
(quar.)
(James)'-&
Lehigh
25c
(M.-A.)
Co.,
Harshaw
Chemical
Hartford
Electric
$4.25 pfd. (quar.)
(quar.)
Co.
Light
Co!
HJjartz (J. F.), Ltd., class
(quar.).—
A (quar.)
3-
1
2-15
Leitch
50c
(quar.)
3-
1
2-15
Lerner Stores Corp.,
3-
1
2-15
Lewis
2-15
Life
3-
Liggett & Myers Tobacco Co.
$1.06V4
40c
3-
2
3-15
1
Gold
-I
Ltd
Mines,
4Vi%
preferred
68%c
2-
1
1-14
Lincoln
$12Vic
2-
1
1-20
$3.50
Ltd
Corp...
Printing
pfeferred
1
1-25
2-20
2-10
2-
3-15
37Vic
.4-
1
1-24
3-
1
1
3-22
2-10
Ec
1-10
1-31
1
1-17
2-
1
1-11
3-11
,
1-17
2-
2-18
3-
J.
4-
1
2-
1
2-
1
3-15
■»-
2-
1-31
1-24
2-25
2-15
3-
3-10
2-23
1-31
1-15
3-15
3-
2-28
2-10
4-
1
3-21
40c
2-
1
1-20
40c
2-
1
1-20
2-15
1-31
2-
1
1-15
50C
—
60c
35c
:
Insurance
&
pfd.
$1.50
(quar.)
75c r
1
2-
1
2-
1
2-
1
$2.50
2-
1
75c
2-
1
$50'/4C
3-
1
(quar.)___
60c-
5%
pfd.
(s-a)__.
quar.)
(quar.)_
(quar.)
50c
(Nev;
3-
1
2-
1
3-
1
2-
1
50c
3-
1
2-
1
preferred
1
1-21
1-15
1-28
2-15
2-
5
97V2C
4-
1
3-
4
(quar.)
$1.0834
—_
4-
1
3-
4
20c
B
B
2-
1
1-20
$2
class A
2-
1
1-20
2-28
2-15
50c
$2
■
t
,,
■-
Co.,
common
(quar.)
—
_l
$1
^
50c
87Vic
1-15
Pfeferred
2••
1
1-31
1-31
1-10
12-31
1-20
2-15
28
$1,121/2
(quar.)
Preferred
(quar.)
Preferred
(quar.)
2-14
5-31
5-
1
$1.12'/a
—
8-31
8-19
$1.12 1/2
11-30
11-17
lie
Michigan Bakeries, Inc.
Michigan Central Railroad
1-31
1-15
$25
(s-a)
Michigan Gas & Electric Co.
4.40% preferred (quar.)
Michigan Public Service Co.
1-31
1-14
$1.10
2-
1
1-15
(quar.)
35c
3-
1
2-15
Laundries, Inc
Midland & Pacific Grain Corp., Ltd
Miles Shoes, Inc., common
(quar.)
20c
2-15
2-
2-
1
1-15
1-31
1-20
Mid-Continent
$25c
20c
:
Year-end
4% 7o
Miller
Mine
414%
pfd.
(quar.)
&
Schuylkill Haven RR.
Miller & Hart, Inc.
Common
1-31
1-20
$1.18%
1-31
1-20
$1.06'4
(quar.)
Rhoades,
Hill
5
45c
preferred
&
1-31
1-21
$1
2-
1
1-15
371/2C
4-
2
3-20
(s-a)
(quar.)
—
371/2
(quar.)
c
7-
2
6-20
37'/2C
10-
2
9-20
$1
prior
preferred
(quar.)
25c
4-
2
3-20
$1
prior
preferred
(quar.)
25c
7-
2
6-20
25C
10-
2
Common
$1
(quar.)
prior
preferred (quar.)
Minneapolis-Moline Power Implement
convertible
$6.50
Mississippi
Power
preferred
Light,
(quar.)_
$1.50
$$1
4-
1
3-16
$25c
4-
1
2-28
&
$6
(J.
4V/2%
preference
Power, 4.40%
pfd. (quar.)
preferred B (quar.)
Montana Power, $6 preferred (quar.)
Investors
4-
1
2-28
2-
1
1-15
2-
1
1-15
$1.50
2-
1
Inc.—
preference
(quar.)
75c
Mt. Diablo Oil, Mining & Development
Extra
Royal Rice Mills, Ltd.
56V4c
2-
1-14
2-
1
3
2-15
3
2-15
(quar.)
—
$121/2
c
1-31
1-31
Securities
1
561/4 c
2-
1
25c
2-
1
1-14
2-
1
1-15
(quar.)
Inc.
Co.,
National Alfalfa Dehydrating
preferred
(Colo.)
Automotive
National
& Milling Co.—
62V2C
Chemical
National
City
National
Container
Fibres
&
(quar.)
preferred
Distillers
Electric
of
Co.
2-10
1
2-10
1
1-20
15c
2-
1
1-15
803
2-
1
1-14
2-
1
1-25
50c
2-
1
1-11*
2-
1
1-22
5-
2
8-
1
7-22
10-29
10-19
(quar.)
Y
N.
Corp.
1
3>
29%C
Mfg.
■
Bank
(Del.)
—
(quar.)
Products
(quar.)
—
Welding Machine Co.—
2c
Iron
Works,
National
Lead
Co.,
4V2 %"
6%
6%
B
(quar.)
(quar.)
preferred
(quar.)
5%
preferred
National
* 2- 1
1-17
National
2- 1
1-17
3.8%
2-
1
1-22
1-10
4-
1
3-15
4-
1
3-15
4-
1
3-15
2-23
2-15
\
Tank
Co.
new
com.
(initial)
Tea, 4 Vi % preferred
preferred (quar.)
(quar.)
2-15
1-31
2-15
1-31
$1.25
2-15
1-31
$1.25
1
(s-a)
(s-a)
37V2C
12 V2 C
preferred
2-1
$1.50
50c
(special)
Extra
5%
2-15
1
$1.25
(quar.)
Co.
National Paper & Type, common (initial s-a)
3-1
2-
Service
preferred
3-1
15c
$1,121/2
preferred
pfd.
(quar.)
Lock
4-22
15c
National
Linen
3-
25c
75c
Battery Co
National
1-15
—
(quar.)
National
National
1-20
2-
B
Common
1-15
1-15
.*"
25c
11c
Strauss-Duparquet
Nation-Wide
National
1-14
1
33-
$10c
4%%
1
lc
Extra
5%
2-
lc
(quar.)
Munising Paper, 5% 1st pfd. (quar.)
Narragansett Electric, 4(4% pfd. (quar.) —
5%
2-15
'
5c
Corp. of America, common
preferred
"A"
(quar.)
Series
1-11
Service,
Plan
Nathan
1-15
$1.10
$3
participating
Morris (Philip) & Co., Ltd. (see Philip Morris)
Mount
1
$1.20
—
4.80%
Moody's
2-
$$1.12 V2
(quar.)
Monongahela
$2.25
1-31
S.) Company, Ltd. (increased)Knitting Co., Ltd., common
Mitchell
Monarch
Morris
2-15
$1,621/2
(accum.)
pfd.
9-20
Co.—
2-5
2-15
$1.12Vi
40c
(quar.)
2-1
3-1
50c
t25c
2-25
1
1
2-28
$1.12'/a"
(quar.)
12-11
3-1
:
"
Preferred
1
3-15
2-
?:50c
*
2-
2-
2-
1
2c
$1
2-
2-15
A
Class
1-21
1-31
80c
$45c
quar.)
(s-a)
Meyercord Co. (quar.)
Michaels, Stern & Co., Inc.,
Class
1
2-15
25c
Scott
&
Metropolitan Edison Co.—
3.90% preferred (quar.)
•■■Class
2-
Co.
'Corp.
4.35%
1-21
20c
(increased
Ltd.
Merritt-Chapman
Messenger
1
c
$1.75
(quar.)
Insurance
(s-a)
Mills,
2-
$1
Manufacturers
York)
1-31
45c
(quar.)__
pfd.
7%
Co.,
2-15
371/2
(quar.)
2c
J20c
1
$1.06'/4
common
preferred (quar.)__
(quar.)
Quarterly
Quarterly
9.6%c
3
1-22
2-
1-12
1-19
1-31
1-
,
1-12
1
1-28
1-14
1-31
2-
2-15
1-15
1-31
2c
2-10
1-15
;
25c
—
Quarterly
50c
1
1-15
2-
$15c
$10c
class A
Corp., common
preferred (quar.)
National
1-20*
-
Co.—
1
1-14
5
1-14
25c
2-
1
1-24
1-
1-31
2-15
1
f
1
$$1.25
2-15
2-
2-11
5
1-31
2-
$1,061/4
Seattle—'•'•V*1
of
Mines
Telephone
National
2-
1
10c
—
(quar.)
Shoe
1-24
56V4C
5
20c
2-25
t2c
(quar.)
Brothel's,
Savers
2-
10c
10c
1
5-
3-
$20
50c
2-
3-
1-10
1-24
2-15
tl2Vic
(irreg.)
1
25c
1
1-14
2-
25c
Quarterly
1
$22Vic
1-31
2-
1
1-31
31V4C
(quar.)
$25c
(quar.)
of
2 25
$1
Inc.—
3-
Apparel
$5c
2-
2-15
15c
t25c
±
j.
5
1
1
10c
preferred
Inc.,
5
2-
60c
6-
&
4
2-15
$1.50
J25c
Rubber
4
1-
$1.75
.
—
$25c
Lee
13-
5Cc
(quar.)
Mfg.
convertible
1-31
1-31
$1.50
(quar.)
Co
Plante-Choate
5%
Ltd.
15c
1
3-21
;
34%c
6%
Creamery Co.,
Heating
3-
20c
(quar.)
common
Company
preferred
3-12
3-15
$1.50
Kroger Company, common (quar.)
6%
1st preferred
(quar.)
Knudsen
:i.
Works,
S.)
3-31
$2.50
—
(quar.)__
Stores, Inc.,
preferred
(S.
2
25c
I'll
1-61
1-
$50c
Kobacker
1-31
1-31
$1.25
Kirsoh
$1.37Vi
2
25c
(quar.)
Canada, Ltd
Co.
(extra)
Co.,
non-cum
1-19
25c
Co.
&
Co.
1
Gas
25c
B
3-
3-
Company, $1.50 preferred
(quar.)_
Knight Screw Products (Detroit)
(resumed)
2-
2-1
2-25
2-
2-15
50c
2-1
3-10
3-12
2-16
25c
1-14
$1
2-16
1-21
1
Company
(Julius)
50c
•
(quar.)
E'xtra
Hanna
1-31
4
2-
15c
Gold Mines, Ltd.
(interim)
Kingan & Company, 4% preferred (quar.).
Kings County Trust Co. (Brooklyn, N. Y.) —
Quarterly
j.
Kingsburg Cotton Oil Co. (quar.)
3-18
2-
$1
-
dividend
Kayser
2-15
RR.
Cotton, -Ltd.
Extra.
Stock
3IV4C
'
Hancock Oil
5%
Kansas-Nebraska
4-
1
1-10
25c
50c
(quar.j
(quar.)
Extra
^Cl^ss
2-23
1-18
1
(quar.)
$5
Brewery Co.—
(initial)..
Tanning
Quarterly
'Quarterly
.(Quarterly
<
1-28
3-21
1
2-
(quar.)
pfd.
$50
Quarterly
Hamilton
2-15
>10
2-
2-
2-
25c
_
preferred
Common
$7.50
preferred
Hdle
I
t$5
(iesumed)
Gypsum Lime & Alabastine of
k.
7
2-25
$12-1
Kerr-Addison
2-
1
$1.25
Stock Yards Co.,
preferred (quar.)
Kemper-Thomas
J50c
Co.
RR., common
preferred
•$5
3.80%
2-15
2-
3-
Co
3-15
SI
(quar.)____
(irreg.)-
-
Ohio
Furnace
Power & Light, 4%
preferred
(quar.)
Kelvinator
Western
preferred
&
Kansas City
Kellogg Switchboard & Supply
5%
preferred (quar.)
2-25
1-15
80c
1-20
2-15
1
87Vic
1-14
25c
Co.
:
5%
1-20
1-15
87Vic
preferred B
Joy Manufacturing Co. (quar.)
1
25c
A
B
Company,
Hydraulics,
1
-
93%c
J.—
1
56V4C
Railway Co.
Co., Ltd._
^Income debentures
•income debentures
(quar.)
2-
$25c
(quar.)—
Coal
Life
preferred A
2-
Inc.
preferred ' (quar.)
Great Lakes Dredge & Dock
Great
2-
1-10
.
Johnson & Johnson
40c
•
______
'$2.25
Great
1-31
' 2- 12-
preferred
Tea
37Vic
Stores,
'
Power & Light—
(quar.)
'
Company, 3%% pfd. (quar.)
Johns-Manville, 3Vi% preferred (quar.)
4%
Kawneer
(quar.)____
Grayson-Robinson
2-15
$50c
•
common
(quar.)
Company,
3-15
Canada, Ltd.
(quar.)
Gotham Hosiery
Grafton
of
2-15
*
Jersey Central
Jewel
Kansas City
(quar.)...
Goodyear Tire & Rubber Co.
preferred (quar.)____
Godrrtan
3-15
7-19
$1.25
—
1
(quar.).
4-18
7-19
,
10%
A
1-25
com.
1
20c
2-28
Goodyear Tire & Rubber Co.,
1
dividend)
2-
3
1
8-
2-24
JOc
1-21
5-
8-
1-19
3-10
62Vic
1-
1-19
4-18
V'
Gerity-Michigan Corp.
Gillette Safety Razor,
1
1
40c
1-11
1
25c
1
2-
—
\
1
2-
2-
5- 1
1-15
v-
2-
1
I-*5
2nd
25c
1-31
1-31
4%
$1.25
2-10
3-
2-21
1-31
1-17
America
3- 1
3-15
13%c
2-15
of
1-14
25c
dividend
preferred
1st
Mercury
;
2-15
25c
(increased
Co.
&
,,
62V2C
Ltd., common
$20c
25%
preferred
(quar.)
i
t$ 1.25
General Watel-works, 5% pfd.
(quar.$1.25
____
3
1
5
2-15
$1.06 Vt
—
(quar.)
Co.
Stores
1-3
(quar.).
2nd
(quar.)
1-
(quar.)..
4%
Republic Insurance Co.
•
1
25c
1-18
_
1
2-1
.ri •'!
37Vic
1-18
Wares,
,
7Vic
v
1-31
&
/
c
(quar.)
>31
preferred
,
25c
Co.,
(cash
Stock
2-
t83/4C.:
^
2-
10c
(quar.)_____
(Bait.),
Corporation,
2nd
4%
2-5
37Vic
87Vic
•Semi-annual
1
37Vic
62Vic
"$5
3-
'
t$1.75
(quar.)
Machine Co
Jantzen Knitting Mills—
Common
& Co.
Mercantile
1-20
Island—
1-14
(quar.)
1
(quar.)
2-15
(quar.)
2-
2-15
1
50c
Melville
J
14c
12-31
20c
12VaC
(reduced)
Stores
4%
1-20
(quar.)_—___
12-31
-common
1
Inc._
12-31
common
2-
3-10
*
Electric
4 x/\ %
1-31
(quar.)
1
tquar.)
2-28
3-
4-
$1.25
Co., Ltd.,
Corp.
Mead
12-31
Ltd.—
v„
1
(quar.)..
1-31
(quar.)
Co.,
L.)
(P.
5%
(quar.)
$1.07
Extra
1-15
3-10
2-
—
Co.
Bonding
Porcupine
1-15
$1.12%
Jaeger
$50c
-
1
1
2-15
,_L_—_—_
(quar.)
Mfg.
common
McLellan
12-21
2-
1
50C
50c
B
Meadville
2-
Co.
Mclntyre
3
2- 1
1
2-
(quar.)
Grain
McGraw
1-10
2-
15c
...
2-
1
50c
(quar.).
Participating preferred
Participating
Participating preferred
Participating
Participating preferred
Participating
2-15
2-
2-19
30c
Co.—
preferred
Investors Trust Co.
2-15
1-15
40c
Stock
2-
1-10
1
20c
Corp.
Investors
2-17
1
2-
$1.75
par)
Utilities
Intertype
2-15
1-15
2-
2-
3-11
(quar.)
stock
McCall
1-25
2-1
1
2-15
88c
■
20c
participating
Class
12-30
2-21
2-
$2.50
—
Company, $6 1st
-preferred
(quar.)
$3
Co.—
Resistance
1-31
3-11
1
25c
Canada,
1-14
—______
(quar.)
Bancorporation
McCabe
1
3c
1
Globe
2-
16c
of
1
2-15
40c
&
Merchants
2-
Steel
1
2-15
$25c
2-
General
2-
(quar.)
Co.
($100
preferred
1-10*
Ltd.
(quar.)..
Corp.,
1-21
quar.)
2-
$4
—
(quar.)
Maytag
Ltd.—
2-
Shoe
2-
45c
$1
(quar.)
Nickel
International
25c
(quar.)
preferred
25c
56Vic
15c
$1
$3.50
1-28
50c
(increased
Group
Harvester
3-18
2-15
$1.50
—
Quarterly
'2- 4
2-15
25c
Co.
3-20
(quar.)-
Massachusetts
2-4
3-1
(quar.)
1
30c
Corp.,
McCormick
$1.50
General
3-1
.
1-14
4-
Co.—
Ry.
(s-a)
RR.
(quar.)__
preferred
Initial
2-4
75c
(quar.)
1
■
Field
Fully
2-11
3-1
10c
(s-a)^
RR.
Co.
Corp.
Marine
Ltd.—
1
1
(quar.)
(R. H.)
5%
5
3-14
Shares
2-15
Corp.—
Utilities
3-
t$l
Corp., common.
preferred
(quar.)
37Vic
_
__
preferred
preferred
2-11
5%
common
Group
2-
25c
(s-a)
preferred
General Public
2-11
1
3-15
Interchemical
1-10
2-15
$1.50
common
1
$6
1
3-
10c
$1.37Vi
$5.50
3-
$25c
Co.,
Shares,
Insurance
1
37Vic
Co.,
Corp.,
.i.
37Vic
Ltd...
1-14
2-
&
Mapes Consolidated
1-15
Corp.—
preferred
(accum.)
93%c
_"_i
General Public Service
$4
2-
preferred
Corporation
Marshall
Silica
$1.25
Mfg.
1-12
1-21
1
(quar.)
Co.
50c
Advertising
Products
1
1-31
2-
Co.
50c
cquar.)
preferred
.
2-
5-10
Corp.
A'—
B
Industrial
1-23
2-15
(quar.).
General Phoenix Corp., $1 series
$1.50
preferred
(quar.)...
Class
2-
$1.06Mt
50c
Smelting,
(quar.)
1
—
(M.)
Marathon
Indiana Associated Telephone $2 pfd. (quar.)
Industrial Brownhoist Corp.'
(quar.)
5-10
(quar.)
Outdoor
1-29
50c
!.
Terminal
1-17
2-
5c
6 %
preferred
(quar.).—i
General Paint Corp. (quar.)
Class
5
$1
—.J1
Corp....
preferred
General
1-
25c
(quar.)
(s-a)
(quar.).__-_j__„...
Inc.
preferred
General
1
25c
Industries, common
12Vic
preferred (duar.)—„$1.25
$3.75
2-
"15c
—
General
Mills,
2-15
25c
Zinc
Co.
(quar.)___
Imperial Tobacco Co. of Canada,
4%
preferred (quar.)___
1-20
2-15
pfd.
Louis
St.
& Co., 4V4% pfd. A (quar.)__
Mailman Corp., Ltd., 5%
pfd. (quar.)__—
Mallory (P. R.) & Company (quar.) _______
68%c.
Illinois
2-15
25c
Metals
Mac-y
$1
&
2-14
2-
62VaC
County Gas & Electric—
preferred (quar.)
Macoil
>
(quar.)
2-14
1
Corp,
Macco
pay-
(quar.)
Power
2-
&
Nashville
&
Steel
4'/4%
effec¬
is
1
3-
15c
(quar.)--,
Mackintosh-Hemphill Co.
Macwhyte Company (quar.)
Y.)
*
preferred
become
2-24
3-
___________
Lytton's, Henry C. Lytton & Co. (resumed)
M. & M. Woodworking Co. (quar.)
v
$1.50
Co.
B
preferred
Stock
2
General
"4%
1-22
$1106Vi
—.J.
common
preferred
1-29
in
Idaha^PowerCo.j'commonlquar.
1-15
$1
(quar.)
'
General
Car
preferred
1
$1.12 %
_i—
(s-ai__J___—
A
General Foods Corp.,
Extra
5%
1
20c
(quar.).—
common
Corp.,
6% 'preferred
3- 2
2-15
common,
equivalent
common
(N.
Refrigerator
2-
62Vic
pfd.
A
issued
(quar.)
preferred
2-
2-
&
Year-end
Luzerne
Hydro-Electric Securities Corp.—
7
10c
(quar.)—
common
Corp.,
'4%. convertible
5%
$2.25
37V2C
_:.
(accum. )__•
series
General
-
Hussman
9-15
Transportation—(
preferred
$3.50
6-15
Institutional
preferred
American
$4.-25
4%
3-29
62Vic
>.
1
Industries-—
conv.
General
Co.,
$1.12Vi
Lukens
2
share of
share held.
old
to
The
old
Mining
30c
87V2C
12'/2C
(quar.)—
A
3-
a
dividend.
1
2-17
conv. pfd.
(quar.)
(reduced).—15c
preferred
1-3
2- 2
3-29
Holding Corp.______:_
7-
I7V2C
5%
Co.
Huron
10-
4-15
(quar.)
(s-a)
non-cum
Lynch
of
each
Extra
2-1
2-1
2-25
(quar.)
Motor
25c
Gambie-Skogmo, Inc., common
5%, preferred .(quar.)
Gar
Bay
Hudson
10c
Corp., common.
Company, common.. —•
$1.50
Hudson
55c
$3.50 preferred (quar.)...-.
Company,
for
Co.
Co.
1-14
$15
—
3-10
25c
Sons, common (quar.)_
4V4% preferred A (quar.) ________—;
Lucky Stores, Inc. (quar.)
'
Cquar.
Gabriel
Sound
1-14
3-15
5%
1-10
1
30c
—
old
par
Corp. common
preferred
(quar.)
4V4%
Howe
1
■
2-
1
2-24
8 7 Vac
—-—_______
preferred
Light, $6
Henderson
Louisville
2_18
65c
will be
Stores
1
'4- 1
2- 8
Company!
preferred
Stock
——
1-5
2-15
Power
Common
Lighting & Power Co.—
2-
2-13
Louisville,
(quar.)
(quar.)
Hardart
2-
I2V2C
i
(quar.)__2
(quar.)
Securities
Gabriel
.
1-14
37V2C
37 %c
37V2C
(quar.)
(quar.).'.
Oil'Co.
Industrial
Ga'le&
1-15
1
Corp.
preferrec
FoWnes Bros." & Company (reduced)
:
Froedtert Grain & Malting, com. (quar.)—
',
$4
no
27.
the
(Joseph)
15c
—
prior preferrea
prior preferred (quarFour-Twelve West Sixth Co..
Fifllerton
1
2-
for
10c
(quar.)
6%"
Fulton
2-
15c
(quar.)..
•?6%
$2.20
&
Howard
:
"•Convertible
«'!
&
Extra
Louisiana
1-20
(s-a)
l/10th
expected
preferred
3-10
3-
is
Jan.
cn
ment
6%
the
■common
tive
$1.12'/a
2-15
20c
(initial)
par
of
rate
Split-up
$1
Florida
"'
the
at
1-15
50c
convertible
1-5
$1.06V4
Y.):
Co., common
common
exchange for
new
(N.
$15
The above new
2-28
Food
Foote
(Geo.
1
$1.12'/2
pfd. (quar.).
(increased s-a)—.—
5%
2-1
2-1
3" 1
2-
& Dock—
Coal
31V4C
(quar.)___
common,
"3-10
1
Lorain
3- 1
2- 1
——
(quar;)
Theatres
Boston
25c
37Vic
25c
preferred A (quar.)
A.) & Co.—
conv.
New
7-20
$1.50
Rubber. Axh%
Corp.
$4.50
10-20
2-
Co.
preferred
35c
i-ll-'.—
Products, 6% pfd.
(quar.)."—'—
Fidelity & Deposit Co. (Md.) (quar.)
Firestone Tire
1
1
Loew's
Lowenstein
Co
Power
Insurance
$4.25
40c
Fibreboard
First Bank "Stock
8-
11-
$$4.12
___
'
•;
Water
prefeired
31V4C
f,
1-24
1
3-10
—
4-20
1
50c
(accum.)
Holyoke
Hormel
l
Federal Grain,'Ltd., 6'/2% pfd.
Federal-Mogul Corp. (quar.).
Ferro
Home
$25c
$1.50
$1.50
50c
'
'^Quarterly
1-28
1-15
.
1
_
--$1
1
(quar.)—'——
^'Quarterly
1-25
'& Co., Inc.
non-cum. class A (quar.)
1-15
1-25
1
1
3-
Co.—
10c
1-25
2-
RR.
1-25
2-15
3%%
(Henry)
1
Insurance
:
1
3-
...
Life
2-
Holt
2-
(quar.)__
(quar.)_
preferred
Quarterly
12-31
$1.50
~
preferred
conv.
1-26
1-31
2-15,
2-15
$1.25
20c
(quar.)—
Hires
(quar;)75c
preferred
RR.——1:
Co.,
1-31
$2
:
:
conv.
Mills,- Ltd.,
Fairbanks
:
$2
t50c
Capwell 'Co
Heating Products," Ltd.————
&
1
Miami
\quar.)
2-
51
$1.25
Co.
—
Corp.—
preferred
3C3
Original capital
Special Guaranteed
(quar.)_—;
Liquid Carbonic Corp., common (quar.)
Belt
Payable of Rio.
(Fort
(quar.)
1-10
$1
5%
Indiana)
Little
Extra
Company,
Wayne,
Link
(quar.)_
2-
1- 3
1-15
—-
Emporium
1-31
Insurance Co.
51
Holdert
When
Share
National Life
1-10
Corp., common (quar.).
preferred (quar.)_
convertible
Per
Name of Company
Lincoln
~
1
Chocolate
Hlgbee
1-18
1-31
1-31
(quar.)
A
Holdert
1
40c
03%c
,
(quar.)
preferred
2-
15c
(quar.)
common
2-15
25c
$1.12Vi
13c
.
■">.-
—-—
Co., 'ciass A
Class B
1
2-
When
(535)
Payable of Rec.
Share
Corp. of America, 4%% Pfd. (quar.)—
Haydock Fund, Inc., new com. (initial)
Hayes
Mfg.
Corp.—
—
25c
—_
,
3-15
2-
Per
Name of Company
Hat
25c
15c
(irreg.)
Ely & Walker Dry Goods—
3-25
2-15
•
,
Payable 0/ Re0.
2-25
30c
$1.12ya
—
preferted (quar.)—
Elastic Slop Nut Corp. of American
Quarterly
Elettrographic Corp: (extia)
Common
Holder1
21c
—,
(quar.)
4 »/a %
_
When
21c
(monthly)——:
Steel
THE: COMMERCIAL & FINANCIAL CHRONICLE
:-m;\
:
■
8-15
7-31.
25c
1-31
1-14
531/sC
2-15
2-4
471/2 C
2-15
2-
4
52
(536)
THE
COMMERCIAL
CHRONICLE
FINANCIAL
&
Monday, January 31, 1949
1
*"
*
Name of Company
National
Trust
stock
1
series
Preferred
Stock
:
;
16c
__
shares
Railroad
equipment
On the following
Income
Aviation
Oil
Neisner
$2
4%%
class
(accum.)
A
New
New
York
Y.
N.
preferred
A
York
Fire
York
Merchandising
Co.
Insurance
2-
1
1-18
2-
1
1-21
3-
1
2-15
2-
1
1-20
97 %C
933/4C
2-
1
1-14
51/4%
Reynolds
Power &
preferred
2nd preferred
&
American
;
1-17
2-
1
1-15
$1.25
2-
1
1-15
Rheem
25c
2-10
1-19
Rice-Stix
50c
50c
3-10
—
(quar.)
_____
1
-3-23
5
1-25
7%
1st
2-
1
1-18
7%
$1.50
convertible
Northern
Northern
Pacific
Northern
RR.
37%c
2-
1
1-18
7%
3-
7
$1.50
$1.50
2834c
2-
1
1-3
1-31
1-13
3%%
2-
1
1-21
Ricniield
50c
2-
1
1-15
Riverside
2-
1
1-15
Robinson
Cotton
7$1
22 Vie,
75c
2-
1
1-15
Robinson
(increased)
Hampshire)
Ry.
(New
Engineering
Co.
Extra
—'f\
(quar.)—
pfd.
conv.
(quar.)_
2-
1
1-28
Rockland
Light
2-23
•1-21
(quar.)
:
Northwestern Utilities,
Ltd., 4% pfd. (quar.)
Noyes (Charles F.), 6% preferred (quar.i
•O'Brien Gold Mines,
Ltd. (irreg.)—
Ogilvie Flour Mills, Ltd., common (quar.)
__
_
7%
preferred
4-
$$1.75
3-
Gas
Oklahoma
Natural
4%%
Oliver
Electric,
&
Gas
preferred
A
Co.,
5-31
St.
1-31
12-31
2-15
1-31
St.
59^0
2-15
Common
(quar.)
Co., Ltd.—
Products
Co.
Falls
4% %
Oxford
Pacific
Gas
5%%
6%
Electric
prefeired
5%
Mills
Pacific
Power
Pacific
Public
$1.30
Pan
1st
Scarfe &
2-
1-18
1
Schwitzer-Cummins
1-14
1-31
1-31
5Va%
pfd.
1-21
Scotten
3-15
Scovill
2-15
1-29
Scranton
Electric
3-30
3-15
Seaboard
Container
31 (4c
343/»c
37%c
2-15
1-31
5V2%
2-15
1-31
2-15
1-31
See
4%
Light,
5%
pfd.
Parker
(S.
C,)
Second
2-
1-20
00.,
jjta., 4%
panic, preference
Participating
Security Insurance Co. (New Haven b (quar.)
Sharp & Dohme, Inc., $3.50 pfd. (quar.)___
Shawinigan Water & Power Co. (quar.i
;
2-1
32%c
1-15
Shea's Winnipeg
Shellmar
Line,
2-21
75c
<quar.)_
Peerless
prior
preferred
3-15
5
'"1-24
1-31
1-8
10c
2-
1-25
pfd.
1
'2-
1
3-
1
2-
1
3-14
3-
1
6%
2-15
2-
5
Signode
' 775c
2-15
V 1-17
7$1.50
2-15
1-37
4.40%
preferred B
preferred C
1-31
90c
(quar.)
J
pfd.
$1.10 *
3-
1
2-
1
2-
1
2-
1
1-15
'
.
.
,
;
Chemical
preferred
r
2-
$1.75
*•
2-
Fibre—
J'7%
(quar.);
2nd
Peoples
National
Bank
(Brooklyn,
N.
Y.)—
&
Valley
Permanente
&
RR.
Gear.
Cement
Co.
(increased
:V;
quar.)__
(quar.)
4.40%
preferred
(quar.)_
4
preferred
.
j-
'3-1
5%
preferred
common
(quar.)
(quar.)
1-14 ;
•
9
4-
1";
-
4.70%
Price
preferred
Bros.
Procter
&
Provincial
&
(initial
(s-a)_
Gamble Co.
(quar.)
Transport Co., Ltd.
Public Service Co.
Colorado,
of
Co.
of
(stock
ital
stock for each
3)4%
$1.40
2-15
1-25
,'$30c
2-15
2-
-55c
$1,06)4
•
3/100
of
•
preferred
preferred
3-
1
2-15
:■
35c
3-
Puget
Sound
Power
&
Light
(quar.i„-r,^_'-..
Inc.-(quar.)
50c
ipure.'Oil Co., common' (quar.)_w_,__—r—-. 25c'
Extra
__J.____i__1__i1.___
25c
<
•
5%
Purex
convertible
Corp.,
preferred
Ltd
(quar.)
-
_-__i
-
$1.25
>'25c
,
'
1-24'
3-10
.
Coal
1-10
$15c
715c
4- 1
3-15
10c
4- 1
2- 1
3-15
1-20
50c
2-15
1-25
25c
15c
1-31-
1-14
35c
3-10
2-28
(irreg.)__
15c
3- 1
2-14
20c
2- 1
1-17
(quar. l„—
62'/2c
25c
4- 1
4- 2
3-19
common
(N.
Y.)
(quar.)___
•
(quar.)
(s-a)
Co.
LaSallc
Oil
(quar.)
Street
Corp.
(quar.)
(Missouri)—
Co.
Co.
com.
Rubber
&
__________
2-15
1-31
2-15
1-31
2-15
1-31
62'/2c
$1.25
2- 9
1-10
3- 1
66c
1-31
2-15
1-21.
87'/2c "
2- 1
1-15
738c
2-15
1-15
725c
California
Corp., 5%
convertible
2-28
1-31
750c
2-28
1-31:
2- 1
1-11
2-1
1-11
3-14
1-14
(quar.)
pfd.
conv.
(quar.)
(irreg.)
Inc.
Cigar-Whelan
Stores
Corp.—
preferred" (quar.)____—
Ltd., class A (quar.)_
(quar.)
Extra
n
Drill
Class
&
Corp.', class A'(Quar.)_
Tool
(quar.)J
Illuminating
B
United
United Light
15c
10c
55c
50c
T
(irreg. l_
Co.
& Railways, 6%
pfd. (monthly)
6%
preferred (monthly)
6.36% preferred
(monthly)
U
S
Air
3.
Conditioning,
S.
Fire
S.
Hoffman
4»/.»%
S.
Stores
United
Transit
Universal
Leaf
1-14
$1
4-
1
2-10
4-
1
COc
/.J
2-
1
1-17
3- 1
2-16
2- 1
2-15
1-20
quar.)_
Common
(increased
Pictures
37M2C
28tirc
' •
2-15
1- 5
,1- 5
1- #1-20
Service,
com,
preferred
preferred
Water
Co.
preferred
A
-
preferred (quar.)
Co., Ltd., 4'/2% pfd.
Railway
2-11
Initial
*
•
Common
3- 1
2- 1
3-1
2-15
2-1
40c
Equipment Mfg.
Corp; (quar.)—.-w„.
;—
conv. pfd. (quar,)
756'/4c;
Standard
2-9
3-1
1-28
?3- 1
4-1
3-10
1-31
1-15
1-23"
Wliolesale
;Works
(quar.)
Phosphate
t.x
—
&
•
'.*25c
-
12%c
50c
r
White
*
$2
,
.60c
B
Ltd., class A—4
—
71Qc
^(quar.)_______-_—715c
(quar.V-a.-^
-775c,
v-***
)7%" participating preferred, (quar.)—
"
775c
Participating
——m—
7fl
Steel- Co.
■
Extra
of
Canada,
—e
..
.
;
(
,
2- 1
1*21
2- 1
'-V*■?■'£?. r.:
J;
■
•
2-1
1-20
,
,
2-/1
.'
Jlal5
—75c
2-15
2- 3
11
$1.25
2-15 w 2- 1
/ •
.'
1
$1.25
• "4•!
3-17
$20c
>1-?1
1- 8
(quar.)__ '
50c J 3-102-18
,
Paper,
—
S.); Dental Mfg.. "ftftftfr'.Jt"-II.—11
Machine common.-——
37%c V'2-1425c
50c
Sewing
*:
-___
$1
_
1-28
,
1-20
2- 1
•-
2- l.y.2-1,
*
:
1-20
1-20
•.
2-19 *
1^15
2-16 f
2- 5
1-15 ";
1- 7
2-1 '
,2-1:
2- 1
2-28
/
*
u__
A
pref. (quar.)
l$4 preferred (accura.)_
,
;
&
prior
Wilcox
Oil
Wilson
&
Wilson
Winters
;
5%
-1st
Electric
common
Corp.
Power
-dhereaa'ed)J
preferred
(3.60%
(quar. >_
Co.*^
2-1
-
-
-j
1-21
1-21
1-23
■;
2-7
3-14
2-15. J
2-15-
$2.50
-15c
-i
-
J
-
..
.
.
.41,.5090c
J
-
4-30
3- l
.
2- 3
1-15
1-31.,
■
2-1
1-25
-v.
-27}/ac J,► 3- 1
(quai4)V—-*^-^^-r—---7-."T" -51.50
preferred (quar.)
*
.2- 1J
2-15
.
' -.25c •;*
3-1/
$1.06V*a
r4f I
pfd. .(.srajL-——
.6^: preferred
"6%'
(quar.)—.
Cohimon——
(quar.)
Cranipton
.'Common
$1,25
ylOC
Chocolate,^.$5 ~pfd... (quar.).;...
Company,
Lines,
V
$1.
(quar.)—^
Company,
Wisconsin
Ry.——..7---
Lake Erie
lien
preferred
$4.25
.
1- 7 :
1-7 7
1- 7
.4%
Wilbur-Suchard
2'-t4'
3- 1
2-1
1-10
2- 1.,.., 1-10 f,
common
RR. Co.
prior
'
1-19
1-19
1-14
2-15
.
(quar.)
Ltd. (quar.)
Electric Instrument Corp.
(S.
White
1-3
•
2-15
2-15
2- 1
3-11
25c
-V
/„
.
preferred
Westminster
Acid
Stanley Brock,
-Class
preferred
5%
..
1-31 »
•
2-4
j.
~
(quar.)—
Western Tablet & Stationery .
1
1-31
Securities—
(quar.)
5%
Weston
2-
;
<■
62(/2c
J. .
,
(quar.)—> 31(4.C-
preferred
Western Pacific
1-17
1-17
(
Co.—
class A (accum.)
4--;-Western Light & Telephone Qo.r^
5%
12-31
2- 1
1-14
5- 2
-4-15
8- 1
-*7-15
2-15
12-29
2-21
2-10
2-1
1-14
2-1
1-14
2-10
.1-25
2-10
1-25
2-15
1-31
3- 1- 2-15
2-21
2- 1
.
)r.\:
Insurance
,
1-30
.
Insurance
Fire
$2.50
Wheeling
.
'
St Coke—
preferred (quar.)_
quarterly
Western
^
(quar.)_
(quar. )i*
.
tax)
,
3- 5
2- 1
2-15
3- 1
3- 1
7$1:25
'
;'.•
v:
;
2- 1
(ConnO-fquar;)——45c
Co., Ltd., com. (quar.)_
710c
$2/ '2- li. 41-17
' 3- 1 •
2-15
: '
50c '
2- 1
1-13
preferred
Westchester
"1-15
40c
.
J..
1-20
-•.••"/
3-15
3-10
>.
Coal
convertible
dividend
1-21
i ,3- 4
v
-
—
2-1''
3- 1
.'2-15
2-1
1-15
2- 1
1,-15
2-1
1-15
2-1
1-15
4- 1
3-15
$1
(quar.)—
Silica
$1
u-—__
(quar.)
Dredging Corp.
conv^
;
1-15-
2-1
$1.10
50c
\ 92'/2c
—
—
(quar.)——:
series
/
-
1-12
•
2-15
2- 1.
2-28„
2- 1
(quar.)____;—$1.06(4
Waterous, Ltd., class A (quar.)__^._
720c
Wellman
Engineering Co.
(increased i
20c.
Wentworth Manufacturing Co.
(quar.)__,__
12(4c.
West Coast Life Insurance Co.^-;—50c y
West Penn Electric Co. '' V; 4;'f,: % 'ft ',•* ../.*•";*• r-'.
7% preferred (quar.)_—$1.75r
6%
preferred (quar.)
$1.50
West Point Mfg. Co...-—- ■
75c
West Virginia Coal & Coke Co.—
.
50c
West Virginia Pulp & Paper Co.—
J
J. :,
4(4%
preferred (quar.)
,$1.12(4
1
'"''"'J. 'J '1'
(quar.i
Cuban
5.8%
Virginia Iron
1-15
•;
55c
'
•
—
(Less
J
3- 1
7(4c
Utility Appliance Corp.
Valspar Corp., $4 conv. preferred (s-a)
Verney Corp., (quar.)
Vertientes-Camaguay Sugar Co. of Cuba—
Quarterly
1-17
1-14
*
„_
2- 1
•
2- 1
4(4%
preferred
(quar.)
—$1.06(4
Upper Peninsula Power, 5(4%. pfd. (quar.)_
$1.31(4
Utah-Idaho Sugar Co*
1
15c
,1-31
J
Inc.—
,
•
1-31
2- 1
30c
quar.)
Co.,
.
'
■<
Co.—
'
'
2-10
.
'...
_______
25c.c
2-15
Virginian Railway
*.
/;/.:■ .J/.V".• ''J.
2-15 v
6%
preferred (quar.)_
37(40
2-15'.,;
6%
preferred (quar.) ________________—;
37(4c
;
1-15
6%
preferred (quar.) _____—37%c J
1-10
Wagner Electric Corp. (stock dividend)—_
2%
1-10
W'alker
&
Company..
__4
20c
1-21
.'Warren Brothers, class B
(qtiar.)_.___^
fi2Vac
1-21
Washington Gas Light, common, (quar,)
37(4c.
1- 3 !"
$4.50 preferred (quar.)
$'1.12"l*
•'
1-15
2-19
.
Universal
4%
2-15
2-15
Corp.—
(quar.)
Tobacco
1-14
3- 1
2- 1
3- 1
$1.06 VV
Corp., 6% pfd. (quar.)
J
75c
Corp., $6 pfd.
(quar.)_
$1.50
Co., 5% pfd. (quar.)62Mac
preferred
/ United
(increased
Co.
2-
1
—
Machinery
Radiator
(quar.)J
<quar.)___„
Insurance
2-15
3-1
58V3C
$1.75
62'/2c
(quar.)
(quar.)_
preferred
U.
1
2- 1
3- 1
2- 1
$1.75
pfd.
Finishing Co.,-common
preferred
U.
U.
$7
4-
53c
53c J
58'/3C
;
preferred (monthly)
prior preferred (monthly)______—___
prior preferred (monthly)
7%
,
50c
6.36%
7%
3-10
8714c
i.
Corporations,
B
1-14
92'.4c
(quar.)
Chemicals,
Class
1-31
$1.12Mi
(quar.)_
(quar.)
of
Aircraft
$3.50
1-19
Co.—
(quar.)
Standard
1
2-15
20c
/
Co.
Corp.
preferred
United
12-31
2-28
1-31
1-31
1-31
2-15
(quar.)i
Standard
-
Pullman,
Trust
preferred
United
2-15
40c
Service—
preferred
:5%
2-15
.3-31
Ltd.,
Company
preferred
United
.
(quar.)____
1-10
2-21
—
South
United
1-31
$1.20
—
Standard Steel Spring, 4%
Gas—
&
(The)
Union
Electric Co.—
Telephone
preferred
;$1.60
2-15
1
Works,
$4.50
2-15
-.
730c
(quar.)_
(<j|uar.)_
Public
Standard Puel
3-1
,
(quar.)
Electric
$1
••
•
;
3-
-
87)40
2-1
28c
(quar.)
preferred
Standard
_-
Bank
$4.25
'••
com.- (quar.)
common
Gas &
Standard Chemical
.
.
2-21
12 V* %
3-15
ordinary
for
(quar.K_
Electric
1-15
1-15 J
2- 1
2- 1
50c
$1,50
40o-'"-
22,/2c
725c
(quar.)a—
preferred
Stamford
.
share held
&
2-15
a
(quar.)
Electric
1-14
-3-1
.
:
1
1
2-
$1.10
Indiana—
dividend)
share:of Indiana Gas &. Water: Co. ..cap-
Public Service
"1-15
•
Iron
$3.70
1-10
1-10
.
1-11
1
(quar.) —'
pfd.
(quar.)
Associated
$4
;
(quar.)
preferred ^(quar.
4.40% preferred dquar.
Common
1
2-
75c
(s-a)
4)4-%
Public Service
1-11
2-
4$jj
com.
10.2857%
$3.50
3-15
—
/
Wl
12-30
—
Union
3-15
97%c
4.15% preferred (quar.)
$1.03%
,5%
preferred
(quar.)_r____r.i,i_i—$1.25
Sovereign Investors, Inc.,———__r---_——
'
10c'.
Sparks-Withington Co.—
.J, J/
'
6%
convertible preferred
(quar.)___
' •
$1.50
Spencer, Kellogg & Sons (quar.)—
J
50c
Squibb (E. R.) & Sons—
-1'
J
'./j ' .J; J,'
12-22
73V3 i
quar.)—
Co., Ltd.
common-
(reduced)-—--—
3.70%
2-
4-15
>
.
Co.,
—._
3.90%
1-20
3-
"-21
?
conv.
Power,
preferred
Southwestern
1
2-1
$1
___i_
2-15
1-31
receipts
Asbestos
3-15
1-20
1-14
2-1
i
Works
preferred
4.4%
1-14
1
1
3- 1
3c
deposit
Union
7$1
750c
preferred
$2.20
1
Pinchin, Johnson & Co., Ltd.—
Ordinary (interim)
7%%
Potomac EdiLcn, 3.60%
pfd. (quar-90c
.*
Lathe
Southwestern
2-
$1.25
50c
(quar.)
208
2-28
3-15
2-15
2- 1
Ltd,_^_—
Indiana
1
2-
'
Chemical
(quar.)
Canada
2-11
$1
$1.06Mt
(quar.)
.
Tung-Sol Lamp Works, Lie.,
80c preferred (quar.)
3-10
.
(quar.i-—
—
Co., .90c
Co.y
Bend
4.8%
2-11
J 90c
4- 1
Co., Ltd.—
receipts
for
deferred
Truax-Traer
1-19
2-11
?-2-ll
—i.__4$1.12,/2
50c
730c
;
common
(quar.)
Aircraft
Southwestern
(quar.)
Corp.,
1
91 (4c
2- 1,
1-28
40c
Special
7$1
'
1
O.)'Corp. (increased)———* '
(Howard) Paper Mills, Ltd;
Southern
1-10.
2-
3-
.tn
Southern
1-10'
2-15
20c
preferred- (quar.)
Pillsbury Mills, Inc.,
11-10
1
2-15
deposit
A
Trane
2-1
3- 1
3-1
730c
(quar.)
4.48%
2-.1
1
6-15
2-15,'
15c
(quar.)
Trust
Transamerlca
1-31
3-15
2- 1
aJ 2- 1
2- 1
25c
-—
(quar.)_ji.i—
Corp.
4.56%
•.2-12:'
2-
6-25
10c
Co.
Securities
2-15
2-1
:___—62VaC
(quar.)
Southern California Edison Co.,
2-28
2-
•
Phillips-Jones
1-12
10c
$3.65 preferred
(quar.)
Philip Morris & Co. Ltd.
preferred
1-31
$1.10
3-15
50 c
2-15
1-21
1-18
1-17
V 2- 1
.
(A.
South
1-12:
$1.07%
________
(quar.)
preferred
Southam
35c
Philadelphia Insulated Wire Co.___________
Philadelphia Suburban Water Co., common-4
Solar
-
1-20
1-31*
.
preferred
Trade
50c
Co.
Oil
Common
1-11
1-24
*
1
10c
720c
720c
—
Co.
preferred
Smith
1
(quar.)__
,
Agricultural
8mith
1-25
35c
*v
(quar.)wi-^4-^>../:30c
3.80% pfd, (quar.).___
95c
4.30%
'$3.60
2-
;
Corp.
Philadelphia Electric,
1-14
2-10
50c
■*.
Metals
2-
$2.50
Co._
Extra
Permanente
Smith
•
75c
Bureau
Machine
1
Co.__
Class
U.
2- 1
2- 1
Co.,
(N.J & Co., Ltd.,
6%
i-
Semi-annual
Perkins
Slater
/
1'
593»c
50c
:—
preferred (quar.i--;
) |25c
class A .(quar.)__—J
70C
Strapping
Extra
1
1-20
4-
50c
Co
Power
Mining
Toronto
1-18
4-lb
7-18
1-17*
2-15
4- 1
3-31
common-—
40c
(quar.)____i___
;^L—$1.50 "
preferred:
Sinclair
1
:
87 (4c
Penobscot
$4
.
Steel
4%%
1
3-
$1.06'4
(quar.)
1-20
2- 1
(final)
1-15
1-20
2-25
Simpsons, Ltd., class A (irreg.)——________
Class
B
(irreg.)—
•
'
4%
5%
../.VJV
92%C:rJ
Pennsylvania Power Co., 4)4%
Pennsylvania Salt Mfg. Co.—
3%% preferred A (quar.)
5%
Power
preferred
Simmons
1-17
\':,V 'V':
(quar.)___i
3.70%
preferred
1-20
1-31
(final)
,
730c
J
Pacific
25c
—4
1-31
Mills
(John)
American
12-24
1-15
■'
727V2C
40c
•
participating
Sierra
25c
preferred- (quar.)
Penn Investment Co., $4 non-cum.
Pennsylvania Electric Co.—
Peoria
24c
3-
1
2- 1
1-10
1-10
1
50c
;
American
1-28
87V2C
(quar.)
;t.Shiri4ffs, Ltd.,
; ,3-18
,3-29/u
2-
2-
62V2C
(quar.)_
—
20c
5
2-15
2-4
12-11
1
9114c
preferred
preferred
Canada—
of
2-
$1.75
$1.50
(quar.)
common
$2.50
4',4%
2-15
1-15
1-3
1-3
1-11
3- 2
1-20
1-10
1-14
1-14
2-10
12-31
12-31
2-4
1-20
3- 1
3- 1
2- 1
2- 1
—_____
America
Co.
2-15
15c
Corp
preferred
7%
(quar.)
Cotton
Water
7%
cl. A (s-a»_
(quar.)—
(quar.)__
of
Chemical
Light,
Edison,
2-14
1-11 J
1-21
1-21
75c
35c
Extra
(quar.),._
(quar.
common
20c
Corp.
Common
&
2-
(quar.)__^_^
>
1-20
1
3-1
75c
__
(initial)
preferred
Tobacco
3- 1
2- 1
2- 1
2-1
710c
common
Inc. '(quar.)—
Sherwin-Williams
31 (4c
(quar.)
$6
,
1
2-
i.
Corp.
Telephone Co., $1
Penman's,'Ltd.,
4-
1
preferred
Sheraton
$1
Cement
Peninsular
Sheraton,
75c
:
Co.,
convertible
4%%
2-25
35c
_1
(quar.)_
Inc., 40c pfd. (quar.)
Parmelee
Transportation
(quar. 1 __________
Peabody Coal' Co., common
5%
1-10
3-15
10 shrs. held)
common
Brewery, Ltd.,
Corp.,
2-1
4-
1-18*
10c
(interim)
.
Inc.
Investment
International
Products
Fund
Ltd.
Mines,
Toledo
2-15
—_______
-
,f
3-1
3-1
15c
Gold
Power
$4
1-20
1
4-1
tlVaC
Clothes,
,1-15
1-20
1-31
•
1-31
$1.25
Canadian
1-10
1
Ltd
Mines,
Timely
2-1-49
5-1-49
8-1-49
2- 1
'
3-
Co
&
Ltd.—
Shops,
2-15
1
Gold
Thompson
Secord
3-15
(quar.)
(quar..)
Inc.
&
(quar.)
2-15
(quar.)
Tilford,
Davis
Candy
(quar.)
A
75c
Co.—
preferred
preferred
&
class
31 (4c
(quar.i
(quar.)
Heat & Power Co. for each
Parke
(Laura)
Laura
1
2-
40c
Common
30c
(quar.)
(quar.)—
convertible preferred
2-25
2-
Corp.
3.65%
?• 1
2- 1
2-10
—
Corp.,
3-15
75c
(quar.)
Thsnnoid Company,
Tide
5
$1.12Ma
*_
(quar.)
preferred
(quar.)
Thalhimer Brothers, Inc.,
91V4C
25c
12V2C
27V2C
(quar.)
Manufacturing Co., $3.65 pfd.
Secord
Company
United
Co.
1-17
$6
27V2C
27V2c
27V2c
85c
$1
Corp.
Pipe
Co.
2-
2-1
Inc
Tennessee Products &
+10c
50c
L
1-31
(quar.)
Dillon
tlOc
720c
A
3-31
American Petroleum & Transport Co.—
dividend
(One share of Petroleum
Park
preferred
2-15
75c
&
laggart
Co.
2-15
(quar.)____
Service
East
Co
Mining Syndicate, Ltd
Company, Ltd., class A (quar.)
Class B (quar.)
Schenley Distillers Corp
Stock
Panhandle
Mfg.
Arabian
2-15
(quar.)
&
Saudi
25c
5%
preferred
Lighting
Pacific
San-Nap-Pak
1-15
1-15
2-15
(quar.)J
redeemable
Pacific
1-31
1
10c
Co.,
(quar.)
(quar.)
(quar.)
5V2%
preferred A (qua*-,)
5ya%
preferred A (quar.)
Scott
Paper Co., $3.40 preferred
Corp.
preierred
Co.
Paper
1-14
Glass
&
Regis
$1.12Mi
_
50c
preferred (quar.)
1-14
common
25c
com.
20c
(quar.)
Electric
7%
Mills, Ltd.,
75c
Corp.,
preferred
Owens-Illinois
.
Flour
Lawrence
2-15
B
$1.50
,
50c
2-15
r
25c
(quar.)
20c
class
40c
quar.)
(quar.)_
7$1.75
(quar.)
(Ohio),
A
Oswego
(increased
preferred
2- 5
2oc
.'
(quar.)—
preferred
A
Biscuits,
Sylvanitc
1-15
3-15
6-15
9-15
3-15
6-15
9-15
2- 1
13c
Co
Works
25c Stores
725c
;
preferred
Class
25c
Power
(quar.)_
(quar.)
725c
(quar.)
Extra
7%
&
50c
$1.25
710c
10c
Shops
1-31
2-
$1
—
:
Mills, Ltd.
&
183/ic
933/»c
—L
I
$5 preferred
Co.,
convertible
€-20
$1.12%
50c
(initial);
W.
50c
:
—
Building Co., 6% pfd. (accum.)
Fine Foods, common (quar.)
&
4%
60c
(quar.)
(quar.)—;————'—
(quar.)
(quar.)
Metal
Saco-Lowell
(quar.)
4%%
Steel
Osgood
S.
1-21
2-28
common..
preferred
United Filters, class A
Ontario
Russ
1-21
1
3-21
(increased)
com.
(quar.l__
Company
Corp.,
Oliver
2-
25c
common....
Oklahoma
740c
7$1.75
15c
2- 1
4- 1
7- 1
10- 1
4- 1
7- 1
10- 1
1-25
1-31
3-15
2- 1
2-1
2-1
2-1
3-12
2- 1
1-25
1-31
1-31
2-25
2- 1
2- 1
3-1
50c
$1.75
$1.75
$1.75
$1.75
$1.75
$1.75
—
Corp.
10,
5,
25c
Co.,
Common
Okonite
1-26
1-31
50c
(s-a)
Oil
Art
Rose's,
•
Match
(quar.)
(quar.)
common
preferred
Ronson
2-23
1
15c
Ohio-Apex, Inc. (quar.)
Casualty Insurance Co.
Inc., new
1-20
1-19
2-15
2-
(quar.)
common
class
Tonopali
preferre-d (quar.)
2nd preferred (quar.)
2nd preferred (quar.)
Rich's,
1
40c
31V4C
2ac
—
(quar.)
1
Special
1-25
1-25
2-24
2-15
(quar.)
preferred
Co,
1-21
2-
Common
*
preferred
preferred
1st
1st
7%
1
__________________
(quar.)
725c
Ohio
2-15
2-15
3-15
3- 1
Drug
(quar.)
;
Gas__
Northwest Airlines,'4.6%
Northwest
(increased)
Swift
1-10
45c
t 45c
40c
$1.12 Mi
—
(quar.)
Cement
25c
preferred
Liberties
2- 1
2nd
7%
Oil
4%%
Co.—
interim)_____
(quar.)
2-
7%
Sun
preierred
Sunsnine
Dry Goods Co.—
4-
^J-//,
common
$1.31 V*
interim)—
Manulacturing Co., common
$1
-
American Oil Consolidated—
2nd
Thomaston
(quar.)
preferred
,
$4
Inc.—
Tobacco
20c
(quar.)
Engineering,
Brass,
60c
preferred
—
(quar.
Common
2-25
&
(quar.
B
4V2 %
Increased
Ohio
Class
„
common
&
J.)
(R.
Common
i
(quar.)__
Co
preferred
2-
(quar.)
quarterly
Northern Illinois Corp.,
Copper
^.$1.25
(quar.)
A
Ry.—
pfd.
convertible
North
series
Car.,
Revere
Corp.—
(quar.)—
Western
adjustment
North
1-24
20c
1st
4%
2-25
1
(quar.)—
common
preferred
Electric
Reliance
2-
Bit
Roller
r.
Newberry (J. J.)
Hudson Power
Norfolk
Texas
5%
Corp.,
Reed
3-15
40c
(s-a)—
_
Niagara
•
1
B
Inc.
(quar.)
Company,
common
Reading
Light, 3.90% pfd. tquar.)
Co., 3%% pfd. (quar.)—
New York
!
3-
class
$1.25 preferred (quar.)
Suburban Electric Securities—
jn
(quar.)
Company
Rayonier,
Co., Inc.—
Increased
$2
1
3-15
$7.50
(accum.)
New
5%
1-21
1-15
1-15
4-15
4-15
1-15
50c
Co
New
5%
Television
2-
Co.—
—<-
Concrete Pile,
prefeired
(quar.)
$3
Chicago & St. Louis RR.—
6%
1-20
1-20
2-16
20c
25c
$1.75
...
Worsted Mills (reduced)
Process Co., 7% preferred (quar.)
Brake
1-31
2- 1
2-1
2- 1
2- 1
5- 1
5- 1
2-25
Securities
(quar.)
preferred
Reece
New.Jersey
Air
common—50c
$2.10 conv. preferred (quar.)
52MtC
Republic Investors Fund, common—
6c
6%
preferred A
(quar.)
15c
6%
preferred B (quar.i
15c
6% preferred A (quar.)
15c
6%
preferred B (quar.)
15c
2-28
4%
,
Co.—
participating
Teck-Hughes
3-15
2-28
(quar.)
Light
3-15.
1-17
1-31
'
$1
common
Corp.,
1-31
50c
common—
Wells
1-23
4- 1
2oc
(quar.)
Struthers
3-17
Raymond
preferred
&
I
(extra)
Strawbridge & Clotnier,
—
3-31
Randall
2-28
%
Common
Co.
1-31
2-25
2-11
50c
(quar.)_
2-15
3-11
56c
(quar.)
Inc.—
prefeired
Co.,
convertible
35c
2-28
3-15
$1.183/4
Briquet
$1
Fuller
&
1-15
3-15
3-15
Baer
1-24
1-24
1-20
1-20
1-20
1-28
1-13
1-15
4
Railway
Inc.
Textiles, 4'/2% pfd.
& Co. (quar.)—
P.)
Stott
1-24
1-24
1-24
2- 1
2- 1
2- 1
J15c
710c
710c
:
Grocery Co.
(J.
Stix,
—
50c
(quar.)————
Company
Stores,
Stern
&
Stevens
1-31
50c
%(quar.)
pfd.
M.)
&
Bros.
25c
50c
(A.)
Stern
,
Payable of Rec.
Share
Extra
2- 1
2- 1
2- 1
2- 1
2- 1
2-15
2-10
2- 1
2-28
5c
Co....—...
Sterchi
20c
50c
15c
50c
75c
50c
50c
$1.25
2-28
8c
Cotton
Stein
1- 7
2-1
1-31
1-17
2-28
2-5
2-25
56)4c
2-28
3-15
3-15
7c
l°c
—
(initial)
(J.
3-15
;
Mur
B
Radford
.■
10c
—
Inc.,
Class
■
10c
-h-———.
__
preference
Milk Products, Ltd.—
Participating class A
(quar.)
Participating
:
1-31
9c
shares
Bros.,
Redeemable
Quaicer Oats Co.,
1-31
2-15
1
—
—
shares
Steam
Nestle-Le
2-15
7c
,
v
-
series
2-11
Qiilnte
Series
shares
Naumkeag
1-31
...
shares
Chemical
2-15
•
_
.
Stock
Building
1-31
9c
...
series
Industrial
II-31
preliminary estimates are
'
.
Institutional
t
>
2-15
2-15
6% pfd. (quar.)
Quarterly Income Shares (quar.).
Quebec Power Co. (quar.)
:
shares..,
shares:
3- 1
2-1
common..
—
J25c
(quar.)—__—$87VuC
$1-50
—
15c
$25c
Ltd.,
I-31
10c
Railroad
shown:
Mills,
Flour
1-31
2-15
8c
___,
Retail trade
Purity
2-15
Name of Company
,
Holders
When
Per
Payable of Rec.
Share
of Company
12c
serles__
group
Name
13c
_.
series__
series
Selected
*
Holders
When
Per
Holders
Payable of Rec.
Share
Funds—
Balanced
'
When
Per
.
; - t
4-15
2-15
Volume
169
THE
Number 4773
Per
•
•
Name
5 %
Service
preferred
Co.
$1.25
2-
1
2-
1
1-14
25c
(F.
W.)
Wright-Hargreaves
preferred
Mines,
1
2-10
3-
1
2-10
1-25
1-25
3-21
2-28
the
6 7c
co-nvertible
York
County
Yuba
Consolidated
Zellers,
2-
1
Gas
1
2-19
6-15
5-31
4-18
4-
3-15
37>/2C
1-31
tPayable in
^Payable
(quar
4-30
4-20
(quar.)
37'/2C
7-30
7-20
2-
The
1
Pennsylvania
Co.,
Pennsylvania
of
RR.,
The
bonds
either
are
be
to
delivered
payment for the stock of D. T. &
market and proceeds applied toward
The
method
be
to
adopted will
the
to
I.
in
to
S.
Less British
xLess 30%
be
covered
by
supplemental
a
2-
1
1-12
application.
1
1-15
2-
1
1-15
2-
1
1-15
1-15
road
Funds,
for
less
this
2-
1
157c
Corp.
Canadian
non-residents'
at
the
tax.
at
Non¬
source.
income tax.
income tax.
'•■
i>
covered
.
proposed purchase
245,329
covers
\ >
....
$105.50
share.
a
RR.
at $39.31
Springfield
Corporation and
Total
cost
to
Wabash
be
$4,782,209
ous
share,
a
Suburban
is
total of $200,481.
switching railroad operating
or
a
The
Investment News
The
principal
would
of
Pennsylvania
reduced
be
sinking fund.
a
The bonds
to
will
Spring-
Jan.
annually
1,
through
be secured by an initial
issue
would
receive
the
stock
common
of
the
Under
the
of
terms
dissolution
operating company would
A
stock
and
standing
the
7,473,172
preferred
class
shares of
stock
stock
A
of
reclassified
be
of
the
stock
common
1,939,220
stock
(no
par).
be
in
company
of
the
shares
would
Hudson
operating
The electric output of
169, p. 381. '
of
the
All
out¬
Piel Bros., Brooklyn, N. Y.—To Extend Bonds—
four
holders
The
for
of
indenture
1949
vote
on
Following the effective date of the dissolution plan, Niagara Hudson
would offer to exchange common stock of the new
operating company
until
Feb.
1,
lor
vided.
stock
common
stock
common
Hudson
Niagara
Hudson common
ratable
a
effective
date.
As
$2
Electric
output
this company
of
basis
per
shares
.78
of
one
share of Niagara
per
cash
of
of
this
share of Niagara
Feb.
of Niagara Hudson
1,
1949,
such
the
at
Kings
week
ended
Jan.
mortgage
dated
6%
per
County
gold
March
extend
to
with
1975,
Of
rate
The
interest
issued
bonds
30,
the
during
date
said
the
Feb.
on
of
period
the
2,
bonds
of
extension
previously pro¬
is trustee for
monthly as
Brooklyn,
N. Y.,
Co.,
under
will
1898
due
payable
annum,
Trust
meeting
will
held
be
the
in
company's
office
located
at
315
22.
1949,
68,409,000
kwh., as compared with 64.330,000 kwh, for the
corresponding week last year, an increase of 6.3%.—V. 169, p. 380.
Output—
the operating
companies served by this corpora¬
22, 1949, totaled 268,432,000 kwh., as
compared with 260,106,000 kwh. for the corresponding week last year,
an increase
of 3.2%.—V. 169, p. 381.
output of
week
the
for
ended
result
a
O'okiep Copper Co., Ltd.—Earnings1948—3 kos.—1947
profit-
Inc.,
NOTE—Conversion
Jan.
tries
If
adjacent
plans
company
for
has called for redemption on March 1. 1949, out of
the fixed sinking fund, $250,000 of collatei-al trust
bonds, due Sept. I, 1961, at 100 and interest.
be made at the Manufacturers Trust Co., trustee, 55
of
stockholders
its
at
common,
Proceeds
from
the
York,
proposed sale will
be used
the
finance
to
Y.—V.
N.
168,
President,
Plough,
to
The
of
poration
sion
Jan.
on
announced
21
the
house
in
20c
to
the
New
listed
on
€00,
in
company,
shows
"7,372,582
preliminary report for the
of $27,351,000, equal to
a
number
of
shares
common
Com. Sh.
ended
year
$2.51. per
outstanding
Dec.
31,
share
during
on
the
For the year 1947, the company reported net income of $25,279,or $2.57 per share on the 6,565,358 common
shares outstanding
•during 1947.
The
i
substantial
Higher operating
gain in
costs,
gross
in
revenue
1948
largely offset by
was
the
charges for interest and
report stated. There were
dividends owing to the larger
also
increased
amount
of
se¬
curities outstanding.
More
present
Co.;
Coating
by this
Mills/ a
[.the
$150,000,000
Of this amount,
year.
invested
was
—V.
188,
provision
with
about
;sale of securities and the balance from working capital and from
xeinvestment of depreciation and
other
income.
A
total of
128,000
total
'
<,to 2,145,546..
the
cus-
ytomers were added to the company's system in 1948, bringing the
activities
of
the
the
should
of
prove
to
be
substantial
on the corporation's
Exchange.
Stock
Plough,
include
the
Inc.
radio
six
International Distributors
'
-J Walter A. Haas has been elected
Mr. Fogarty represented
a
director
to
'
.
succeed
J.
.
F.
Fogarty,
North American Co., formerly a
the
jlarge holder of Pacific Gas
common stock.
•
•
v.1
Mr. Haas is President of Levi Strauss & Co., which organization he
..Has been associated with since 1919.
Mr.
Haas's
father, the late
Mr.
A.
Haas,
...Joaquin
Electric
was
Light
&
one
of
Power
System.—V.
168,
the
pioneers
Corp.,
p.
now
in
a
the
part
development of the
the Pacific Gas
of
San
and
Panhandle Eastern Pipe Line Co.—FPC Permits Rep¬
resentative Stockholders to Become Parties in Proceed¬
ing Involving Commission's Investigation of Panhandle
..and Hugoton Production Co.—
Federal
Power
the
Commission
company
to
Jan.
become
19
permitted
parties
in
the
'
Volving
FPC's
reserves
to
The
investigation
of
Panhandle's
transfer
representative
proceeding
of
natural
ingas
Hugoton Production Co.
Commission's
order, which supplements 'is orders initiating and
setting hearing in the proceeding, also said that other Panhandle stock-.
of
100.99%
and
Co.-
Sachs &
The
issue
retail
drug stores
and The
Co.
of
Rivers
of
a residential,
with no one
is
territory
the
the
of
H
several
bonds
purchasers and
agreed
to
be
the
purchased
was
a
Proposals
accrued
group
■
interest.
Other
Drexel
are
&
members
Co.
»
and
3%
of
the
Goldman,
A,:',;/'
awarded Jan.
25
on
a
bid
of
100.4049.
for
Net
~-V.
as
3V'8S
received
at
the
sale
(jointly)
were:
bid
Glore,
V.';-
194s
•;
1947
$170,100,190 $153,353,665
deductions—.
142,684,687 122,448,135
income
$27,415,503
$30,905,533
1.178,551
442,383
$28,594,054
8,193,142
$31,347,922
7,532,65V
$20,400,912
,_
$23,815,265
L™
;___
_________
_1—
income
—
381.
p.
Radio Corp. of America—Gets $40,000,000 Bank Credit
The
corporation
Dec.
on
with
agreement
30,
certain
inclusive.
credit
to
the
Of
notes
working
due
proceeds,
Dec.
on
capital.—V.
borrowed
1948,
banks
by term notes due in instalments
dated
from
1948.
p.
30,
1946,
and
the
balance
has
its
evidenced
30, 1951, to Dec.
was
used to repay
$36,000,000
30,
169,
under
$40,000,000
Dec.
Dec.
30,
1956,
revolving
been
added
208.
Gross
from
Net
from
Net
ry.
1948
railway
1,818.040
1,989,919
894,181
864,076
129,316.400
116,760,042
27,730,559
25,865,923
13,923,129
11,951,972
income—
oper.
1947
$10,563,903 $10,910,433
railway—
1946
$8,890,131
1945
$8,230,943
1,905.826 "11.792,752
1,422,905
3,633,253
From Jan. 1—
Gross
from
Net
from
Net
ry.
railway.;
railway
income
oper.
101,426,121 109,351,503
17,911,574
11,860,883
8,331,279
169, p.
Rohm
Haas
15,782,019
11.
Co.—Registrar Appointed—
&
Philadelphia
National
Bank has been appointed registrar in
cumulative preferred stock, series A, par $100,
Philadelphia for the 4%
and
the
common
stock, $20
par
value.
See offering
in
V.
169,
p.
382.
Ryan Aeronautical Co.—Awarded Contract-
-
Jan.
1, 1949; due Jan. 1, 1979.
Principal and semi-annual
.and July 1) interest payable at office or agency of company
in Chicago ,or, at option of the holder, at office or agency of the com¬
pany in New York City.
Bonds are redeemable at the option of com¬
see
General
Electric
Co.
above.—V.
168,
p.
351.
1
whole at any time, or in part from time to time, on not
days' prior notice at the following optional redemption
prices: prior to Jan. 1, 1950 at 104%; thereafter with successive reduc¬
tions in
the optional
redemption price for each 12 months' period
beginning Jan,, l; and at 100>/4% beginning Jan. 1, 1978; in each case
pany,
as
a
than
upon
if
Also
redeemable through
similar notice, at .the following sinking fund redemption
on or before April 30,
1951 at 1017s %; thereafter
sinking fund redemption price; in each
CONSTRUCTION
PROGRAM—On
and financial studies and presently
the
basis of
its latest
s
Operating revenues
Operating
Net
ry.
Other
10.450,071
8.087,188
expenses
oper.
income™
1,072,557
income-
Total
Deducts,
1948—12 Mos.—1947
$
1
$
87,173
699,927
561,835
1,513,415
13,285,517
11,748,258
9,095
12,560
88,481
362,527
1,150,635
income—
78,813
1,159,730
income
from
$
10,755,623 119,724,070 110,018,735
7,829,710
95,102,268
86,362,270
1,434,602
12,535,590
11,186,422
knowri' material aneMabor costs, the
program for thd'six years from
estimates that its construction
1947
to
Dec.
31,
1952,
Balance
fixed
-V.
available
1,500,855
13,197,036
11,385,731
for
charges—
169, p. 114.1
-
engineering
both inclusive, will require aggregate
expenditures of $86,688,797.. Of this total, it is expected that $25,463,679-, will have been expended by Dec. 31r. 1948, and that $61,225,118
1,
Ry.-—Earnings of System—
1948—Month—1947
accrued interest.
PURPOSE—Company proposes to apply the net proceeds (estimated,
$11,971,078) as required toward payment of part of the future costs
of completing the construction projects^-a
=;0 k
company
Period End. Dec. 31—
operation of the sink¬
redeemed
with successive reductions in the
with
St. Louis-San Francisco
30
accrued interest.
prices:
Jan.
3,000,005
___
Co.—Earnings—
revenues
income
169,
The
bonds
the
Inc., 102.161.
case
Co
Goldman, Sachs & Co.__ 3,000,000
Kuhn. Loeb &
coupon.
102.35999; The First Eoston Corp., 102.33; Blyth & Co.,
Inc., 102.2615; Merrill Lynch, Pierce, Fenner & Beane, Kidder, Peabody
& Co. and White, Weld & Co. (jointly), 102.221; Halsey, Stuart & Co.
less
Amount
Drexel k
$6,000,000
V.':,),:-;v.,
"Deficit.—V.
Forgan & Co.,
(Jan.
prin¬
by them,
Co.
Indiana, Inc.—Bonds Offered—
Co.., Salomon Bros. & Hutzler and Union Securities Corp.
for
1941, as
Central
Indiana,
territory served
industrial
5%
deductions
credit
,
The
stockholders of
Co.
Co., Terre Haute Electric
Reading Co.—Earnings—
Service
underwriting
ing fund
.'*»
The
than
names
series
income
Income
may
underwriting group headed by Harriman Ripley &
Co., Inc., on Jan. 26 offered publicly $12,000,000 first
mortgage bonds, series H, 3%, due Jan. 1, 1979, at
with
2229.
Indiana, Sept. 6,
Service
Power
com¬
operating in the State of Indiana
producing, purchasing, transmitting,
a public utility.
______
Gross
which
2328.
...
New Director Elected—
f, resigned.
State.
.
outlet of the
the chain of
Memphis
and
stock,
will remain in their
broadcasting
station,
American Broadcasting
liquor business;
Memphis;
p.
Other
I
cor¬
An
Dated
v;;.
of
for
.
,
administrative
share
per
York
These
is
wholesale
downtown
in
construction,
in
plant and facilities during
$118,000,000 was obtained from the
shares
shares.
newly
directions.
activities
locations.
which
the
100.19
than
total
as
diversified
more
December—
income
net
average
utility
Ripley k Co.,
169, p. 381.
of the drug manufacturing divi¬
different downtown locations.
costs
25c
diversified
Other
new
all
seven
operating
in
is
Public
a
the
2,769,444
•-r)
-r,
purchase
plant and facilities during 1949.
Preliminary Report for 1948—Earns $2.51
Fublic
Indiana
Public Service Electric & Gas
Memphis operations
all
conducted
Savings
by
ft.
three
in
will
plant
and
now
sq.
expansion
new
WMPS,
part of the
200,000
approximate
ninth
in
to
additional
right
one
aggregate
incorporated in
of
$$1,520,000
1941 were issued and of
the remaining outstanding
7,
stock
common
stock,
common
Slf
12 Months Ended Dec. 31—
Plough, Inc., Memphis, Tenn.—Buys Plant—
value
company's expansion program, which has been under way for the past
three years and will require the investment of about $150,000,000 in
(year.
—V.
2690.
p.
developed
industrial section, is one story, concrete, brick and steel construction,
built in 1946, containing 70,000 sq. ft. of floor space which will be
par
are
follows:
as
operating
Payment will
Street, New
Abe
common
debentures
in
now
corporation of the Memphis plant of the American
subsidiary of Owens-Illinois Glass Co.
The
plant, situated on 13 acres of ground in a
share,
The
are
Utility
its
its
of
paid.
then
was
PURCHASERS—The
cipal amounts of the
respectively,
revenue
share
the
Electric service was also supplied at wholesale
37 municipal utilities, 26 rural electric
membership corporations, 13
systems belonging to nine other electric utility companies and one
street railway system.
All electricity supplied by the company is 60
cycle, alternating current.
:/•••':.
'V, t"S
T';
'
Operating
offer
to
and
$200 principal amount. of
areas.
1,021,056
approved
1948
rural
1,021,056
additional
one
each
1948, the company supplied electric service to 278,535
cities, towns and unincorporated communities and in
624
1,021,056
1907..*
share,
for
the company.
31,
in
1,021,056
by the regulatory authorities, this will be the
•offering made by the company to common stockholders, the last
February, 1948 having been more than 97% subscribed.
(
Oct.
Operating
for each 10 shares held on Feb. 25, 1949. Subscription
xigh£s will expire on or about April 8. The company will shortly file
a registration statement with the SEC and will apply to the California
PU Commission for authority to issue
the necessary 754,038 shares
Having an aggregate par value of $18,850,950.
*
of
9,339
p.
into
will
the
in
81.42
Pacific Gas & Electric Co.—Plans Stockholders' Rights
"subscribe
a
served by
As
15-year sinking fund 4%
taxes.
The
company's total electric
revenues.
The mining of coal, the milling of steel, the manufacture of
automobiles and automobile accessories, the manufacture of structural
aluminum shapes, cement, metal
products, rubber products and paper
products, the transportation of natural gas and petroleum and the
quarrying and milling of stone are among the more important indus¬
Inc.
company
moneys
increased
$25
counties
92
8.248
Owens-Illinois Glass Co.—Unit Sells Plant—
See Plough, Inc. below.—'V. 169, p. 380.
Tne
the
of
$1.43
168.
issued.
be
may
The company operates in the north central, central ar.d southern
portions of Indiana, furnishing electric service in areas located in 70
4,471
and
series
any
per
shares
been
public
a
*0.72
£1=84.00.—V.
150,000 shs.
52,365,944 shs.
Amount
Broad
rate:
1,026,000
300,000 shs.
stock, unless called for previ¬
prior to Dec. 31, 1951.
The con¬
shares
10
Northern
is
$1,461,284
■'..•After depreciation, depletion
8,070,000
$1,520,000
_
of
is entirely that.of
$0.80
Shares outstanding—___
12,000,000
common
distributing and selling electricity
$1,463,412
(long
produced
15,000,000
and Dresser Power Corp.
company
its business
$737,128
tons)
\
Co.,
4.540
Blister
bonds
into
additional
$817,512
Earnings per share-.
t
1948—6 Mos.—1947
Outstanding
$48,000,000
incl.
$ 100 •
(par
consolidation
Power
Harriman
The
Period End. Dec. 31—
Net
FINANCING
under the first mortgage indenture is
the terms thereof and the indentures supple¬
converted
the
of
Indiana
(The) Pittston Co.—Partial Redemption—
31
PRESENT
TO
to
at 2 p. m.
Pioneer Service & Engineering Co.—Weekly
tion
1961,
$532,000 have
outstanding
customers
LibeVty Ave., Brooklyn, N. Y.,
share.—V. 168, p. 2688.
the
trust
cash
(Minn.)—Weekly Output—
for
first
of
proposal
a
issue.
Electric
Northern States Power Co.
totaled
of
amount
is estimated to approximate
amount
the
upon
to pay off the bank loan
necessary
such
at
Hudson
operating company for
new
plus
common,
outstanding
of
the
of
6%
of
deed
or
shares of class A stock for each share of the Niagara Hudson
preferred.
is
issuable
of
rate
and widely
industry accounting for
class
ratio
bonds
the
kilowatts
40,000
5,000,000 shs.
agricultural
new
exchanged
the
this company and its subsidiaries for the week
22, 1949 amounted to 154,311,000 kwh., an increase of
kwh., or 0.2%
over
the corresponding week of last year.
Jan,
371,000
EFFECT
par)
COMPANY—Company
.
Philadelphia Electric Co.—Weekly Output—
ended
of
unit of like capacity is
Authorized
convertible
are
stock
mon
and
—V.
into
common
Niagara
new
in
company
stocks of the three
common
the
plan,
operating
new
of
403,500
debentures
The
exchange for its present holdings of all the
companies.
second
a
t$18,000,000
amount
Co.,
Buffalo Niagara Electric Corp., Central New York Power
Corp. and New York Power & Light Corp., into a single electric and
gas operating company. Under such consolidation plan, Niagara Hudson
and Unit No. 8 with a
completion late in 1951.
unit
a
principal amount of these notes dated Dec.
this
mature
Co.
$800,000
are to
lo¬
principal amount of the debentures are au¬
thorized by the debenture
indenture, of which $11,077,800, dated May 1,
1947 were issued by the company.
As of Nov. 30, 1948, $3,007,800 of
the debentures had been converted into the common
stock, and if all
of the remaining
outstanding debentures in the principal amount of
$8,070,000 are subsequently converted into common
stock, company
pledge of 200,000 shares of D. T. &/I. stock.—V. 169, p. 10,
(Continued from page 16)
subsidiaries,
price
with the D. T. & L
proposed $16,000,000 bonds
1969.
operation of
and
at any time on or
now in effect is $20i
debentures.
a
in
(no
are
tho
be
to
1951.
GIVING
preferred stock
stock
convertible at
Held, Ohio, and adjacent territory.,. More than half this road's carload
traffic is interchanged
Station
redemption,
version
and
January. 1949,
scheduled for
1950,
in
unlimited, and, subject to
thereto, additional
.
will
new
G,
debentures
shares, comprising the
common
in
mental
Pennsylvania $21,100,000.
The Pennsylvania share will be purchased
by its wholly owned subsidiary, the Pennsylvania Co., which joined in
the application.
The Pennsylvania RR. filed a separate application for authority to
acquire from Pennroad Corp. all the 5,100 slia res of Springfield Su¬
burban
General
amount
entire outstanding stock, except seven shafts which cannot be located.
The Wabash will purchase 45,329 shares and Pennsylvania Co. 200,000
dividend.
deductible
above the
and
over
station
at
the
3'/8%, due Sept. 1, 1975™
''The amount
by the bonds will be paid by the Pennsylvania Co. in cash.
At the same time, the Pennsylvania RR. and the Wabash RR.
applied
to the ICC for authority to acquire control of D. T. & I. from Penn¬
The cost of the stock
a
At
mortgage bonds:
Common
later
is
from Dec. 7, 1948 to Dec.
7,
the purchase.
2-
$37'/2c
closed
funds, tax
resident tax 7%.
Jamaica
completion
Cumulative
$25,Additions
during this period
3»/b%, due Nov. 1, 1977
f
Series H, 3%, due Jan. 1, 1979
J
tl5-yr. 274% conv. debs, due May 1,'62 $18,000,000
Unsecured notes, 4%, maturing serially
connection
$31'A c
Canadian
15%;
completion
Series
Corp. in part
sold in the. open
be
of
part
for
Pennroad
are
or
bonds
at
Noblesville.
Noblesville
CAPITALIZATION
owned subsidiary railroad holding
has applied to the ICC for authority
$15,000,000 collateral trust sinking fund
purchase of Detroit, Toledo & Ironton RR.
kilowatts
80,000
near
kilowatts
new
for
First
wholly
a
15c
Inc
latter
60,000
scheduled
169,
$37'/2C
Fields,
of
and
company,
company
Edwardsport Station,
capacity of 40,000 kilowatts is scheduled to be placed
a
proposed
Series F,
issue
to
1-15
75c
(quar.)
U.
in
resident tax
the
At
Pennsylvania Co.—Asks Right to Issue Bonds for Pur¬
1-20
37 '/2c
(quar.)
not
the
service
capacity
the
of
the
of
kilowatts, consisting of 100,000 kilowatts
and
scheduled
company
4
(quar.)
(quar.)
books
in
chase of Ironton Road—
2-28
180,000
Station
with
facilities
capacity
the White River
on
Unit No. 7
to the Commission for certificates of public
necessity, and pray have incurred an obligation under
Act to continue devoting the reserves exclusively to
and
Natural
The
•Transfer
a
these
general
additions, renewals and replacements.
generating
aggregate
cated
and
other
all
electric
Edwardsport
for that
leases in
$50c
Ltd. common
preferred
preferred
67c
presented
trans¬
systems
for
the
will
112.
1-20
3-
25c
Extra
57c
and
exchange
p.
(increased)
Gold
has
in
2-28
(quar.)
preferred
preferred
Co.
distribution
1948,
2-28
10c
preferred
Gas
Company
Hugoton
Panhandle
says
October,
to
033,720
rep¬
applications
convenience
with
convertible
Hugoton
to
in
3-15
10c
convertible
FPC
investigation
the
Kansas
class
3-15
Co.
Machine
7o
stock.
of
organized
in
reserves
through
to
Panhandle-Hugoton
Panhandle
gas
enabled
$1.12 V2
^
6 7o
the
be
$1.12 '/2
<quar.)_
during the calendar years 1949 to 1952, both inclusive.
company's estimated capital expenditures for the six years from
1952, both inclusive, as revised in accordance with the latest
studies, includes $30,521,122 for new generating station facilities, $31,~
133,955 for major improvements and additions to the transmission and
,
.
public service in connection with its FPC-authorized facilities.—V.
Yellow Cab Co.—
6
support
3-14
3-14
1—-—
Common
the
"will
be expended
1947
Ltd.
Common
Yates-American
after
ferred
stock
present their interests.
ordered
shortly
25c
25c
Jr.,
FPC
to
common
53
The
^
1% or more of the company's voting, securities
to the proceeding in order to assure that hold¬
holding
made parties
Panhandle's
resentation
35%
25c
Monthly
Monthly
Wrigley (Wm.).,
those
are
were
(537)
will
may
of
20%
___
com.
CHRONICLE
1
with
company's
Ltd.^—
—
prior
3-
and
ers
3-25
50c
—
convertible"
4-10
50c
& Company,
2-15
40c
+
—
(quar.)
Ordinary (final)
Ordinary (bonus)
Worthington Pump & Machinery Corp.,
4'/2% prior preferred (quar.)___—
4'/2 7o
2-15
..
1
3-
31'Ac
-*-•
Woolworth
2-28
FINANCIAL
become parties to the proceeding with full rights to par¬
the hearing, scheduled to commence Feb. 7, 1949, by filing
FPC any th.ne prior to the hearing.
The Commission said the "representative" stockholders covered by its
order
—
&
ticipate in
1-15
$$3.50
J__
Extiti
holders
notices
(quar.)
(P. W.)
Payable of Rec.
Corp.—
Wood, Alexander & James, Ltd.—
7 %
1st preferred (accum.)
Woodall Industries, Inc., common (quar.)
5%
convertible preferred (quar.)
Wool Combing Corp. of Canada, Ltd
Woolworth
Holders
When
/
Share
of Company
Wisconsin Public
COMMERCIAL
Seatrain Lines, Inc.—Sole Registrar Appointed—
The
New
registrar
value.—V.
York
with
168,
Trust
respect
p.
Co., New York, N. Y., has been
appointed sol©
to
stock,
2,200,000
shares
of
capital
$4
par
I486.
X":
54.
(538)
COMMERCIAL &
FINANCIAL- CHRONICLE
Monday,. January 31, 1949
.
"'
Selected Industries, Inc.—Annual Report-—
1948
$2,373,418
197,321
198,37.5
28,914
_
General expenses
1945
-
$1,730,137'
158,901
$2,098,002
179,864
Net. income——
Stock--stock
sale of
178826
15,938
138,032
21,636
$1,890,013
$1,723,574
1,335,529
636,475
1,325,529
381,886
1,966,092
Cash, distributions of $2.50 each
17, 1948.—V. 168, p, 2014.
^
2,263,325
liability for Federal
BALANCE
net income.;
See
$36,113,916.
accrued and dividends payable, $69,857; due
cash, $24,310; accrued expenses, taxes,
LIABILITIES—Interest
prior
stock
total, $36,113,916.
surplus, $18,839,637;
$2,056,940;
value),
31, 1948, dividends on the convertible stock were
$19.28 per share, or a total of $8,180,832.
At Dec. 31, 1948, the net assets of the corporation were equivalent
to $5,$81 per $1,000 of debentures compared with $5,985 at the end
of the previous year.
On the same basis the prior stock asset coverage
declined- during the year from $142.73 to $139.76 a share, while the
convertible stock asset coverage changed from $24.27 to $22.58 a share.
As of Dec. 31
1948, holders of this corporation's securities other
than debentures 'totaled 13,214, of which 2,063 were holders of allot¬
ment certificates,
2,727 were holders of the prior stock, 857 were
holders of the convertible stock, 6,518 were holders of the common
stock and 1,049 were holders of warrants.—V. 169, p. 11.
NOTES—As at
in
Dec.
amount'of
in the
arrears
Sonoco
Net
1947
1946
$34,874
30,365
$37,745
$45,359
t3,944
39,471
23,879
$4,509.
of
sale
_—
secur.
issue
will> cover-
locomotive
$41,689.
$5,888
Gross
after
deficiency
stockholders
had
shares
15,000
the
authorized
the
of
increase
to
voted
and
None
the issue.—V.
to
preferred
169,
the
preferred
stock
from
to
6,000
NOV.
SHEET,
30,
1948,
Gross
4 '/2 %
debentures,
ry.
Gross
—V.
and its subsidiary, Soutn Carolina Power Co., will, it is
said, raise $9,000,000 through stock and bond financing this year to
pay for the 1949 construction and expansion program.
An additional
$1,000,000 to $1,500,000 will be obtained from current earnings and
cash.
Retire,
accruals
res,
$313,540
222,248
211,210
$3,885,201
2,49.7,542
$3,453,519
2,215,749
16,650
15,628
201,194
192,140
—
Federal income taxes—
36,200
18,200
^327,113
2.86,?66
Utility oper. incomeOther income, net——
$79,619
$68-50^
$8521352
$759,364
1,069
Brl73
9,143
3,614
$80,688
$68,329
$868,494
$762,979
1,729
10,688
167,167
115,344
$78,959
$57,641
income
Gross
income
dividend
earnings
210,000
$491,327
$437,635
$1.93
$2.17
Silesian-American Corp.—Plan Provides for 40% Cash
Payment to Bondholders—
A syndicate, of
Swiss banks
offered
has
X.
Francis
Operating
Conwav.
trustee
in
reorganization proceedings of the above corporation, $656,800 to
applied- on account of unpaid principal of the corporation's 7%
sinking- fund; bonds outstanding in the hands of the public'.
; The offer .was made in accordance with an outline of a suggested
plan of reorganisation. Mr. Conway said.
The plan of reorganization contemplates the payment on approxi¬
mately $1,815,000 principal amount of publicly held bonds, other than
those held by certain Swiss bands amounting to $640,000, of $400
,
cash
plus
am.ount
of-
issuance
of
a
-modified
new
bond
for
the-remaining
principal gnd accrued interest presently due
the
on
old
bonds..
The plan also oalls for the distribution to all the publicly-held bonds
approximately 40%
of new
common
stock in the company, as
reorganized-.—V. 164, p. 2059.
Chairman—Spen¬
President—Expansion Program Completed—
cer
H.
SinclPir
F.
President
this
of.
board of
announced
company
Jan.
on
and
had
24
Operating
revenues..
Operating expenses..
$399,071
$335,495
325,345
254,500,
$4,136,752
3-, 185,627
to
Operating
be given the right to subscribe
The
the
to
new
Proceeds
arranging for the private sale of $3,0.00,000 in
used, in part to, reimburse the company ■ for
made from earnings, and. cash, to, finance the
will
program.
in
168, p. 749.
.
.•-•
.
438,779
343,011
$512,346
$394,378
247J49
Period End. Nov. 30—
-
Net
$1,876,253;
■"Expenses incl.
fixed
charges and
1,732,451
taxes
income
of
$3,664,102
3,453,953
Earnings
per
■"Includes
1,
share
common
provision
NOTE—The
550,319,
1948—V.» 168,
income
granted
was
companv
$0.26
.
for Federal
a
rate
Net
*
James
Los
of
E.
Shelton,
J-
■
'*
'
•.
;
'
-,
'■■_ •-
'■
v.J-
effective
June
of
a
the Security
director.
\
V/■;•
•••<v
First
completed frequency
charge of operation.
Vice-President
h>
the
t
—V.
relieved
of
the
replace Fred
the Edison
will
Shelton
Sinclair
Mr.
said:
direction
"The
past
of
year
operations.
was
the
In
most
completion
in
1945
desired
this
Mr.
It
of
and
to
be
connection,
in
prosperous
our
Our production
has substantially increased, our products
pipe" lines systems is in almost full operation, our refineries are at
the
peak of efficiency
and
our
marketing expansion both as to
terminals
apd
outlets
efficient
turning
and
well
is
economical
under
way.
of
use
these
problem
Our
facilities.
is
now
This
change
program,
i will
job
I
am
over
directors
stock,
Jan.
on
25
declared
payable March
10,
a
1949
10%
to
stock
dividend
holders of
record
the
on
Feb.
15,
1949.
Chesley
order
"to
tinuing
forward
gas
C. Herndon. Executive Vice-President,
provide facilities adeauate in size and
for
that
the
in
con¬
growth of the company's business and particularly to press
the exploration for and the development of additional oil and
the net income remaining after the payment of cash
reserves,
dividends has
th
announced
scope
natural
b*°n
and
gasoline
is
being largely reinvested in the business in
plants, pipe lines, marketing facilities and other
fixed assets."
The
of
stock
which
distribution
there
will
be
amounts
to
outstanding
107.948
after
shares
the
of
common
dividend
a
stock,
total
of
1,187,424 shares. Scrip certificates will be issued in lieu of fractional
shares.- This payment will result in the transfer from earned
surplus
of $14,572,980; to capital stock and'capital
surplus "accounts. Of the
amount so fn be transferred, $1,619,220 will
go to capital stock account
for the 107.948 shares, par $15 each, and
$12,953,760 will be trans¬
ferred to capital surplus.
i
! •
J
-
V.
shares
316.Q08
stock
$3,295,469
$2;904,282
$2.35
—
com.
share...
common
12;
P.
1,237,346
168,
2692.
P.
\
'
*; Accbrding'to, Joel 8. Mitchell, President, this action was taken be¬
"of the necessity for bringing dividends into reasonable rela¬
with earnings."
Preliminary figures, he continued, indicate that earnings for 19'48,
after preferred dividends, would be slightly more than $2 per .share
paid on the common, stock last year.
In 1947, profits were equal to
$2.32 per common share.
' ••>:
While some improvement in 1949 earnings is expected, Mr. Mitchell
said, "the present uncertainties regarding commodity Prices, corpo¬
rate tax rates, wage levels, as well as the need for increased expendi¬
tures for capital assets empha.si.ze the importance of following a con¬
servative dividend-policy, at this time."
J'7'.-,:
■
:r'
Consideration will be given to the. payment of an extra dividend
at the. end of the. year, if increased earnings justify such action, Mr.
tionship
Manager
of
B.
Lewis,
company
Lewis
announced
.
Large Power Douse—
Jab- 24 that the company is planning to build
hydro-electric power house on the San Joaquin Riv.er in the High
This will be the sixth ppjwerhjouse in Edison's Big Creek hydroelectric project
and: it is estimated that the- new plant will, be in
operation early in 1952.
was
on
•
Mitchell declared.—V.
approximately $20,000,000, the new powerhouse will have a
capacity of 84,000, kilowatts, in two generating units.
Application for
license to construct and operate the plant has been filed with the
Federal Power Commission and application for a. certificate of public
convenience and
necessity also, hgs b®en-filed with the California
Commission.
Utilities
Public
•:
The new Efhson power house will be
Co.'s reservoir for its Kerckhpff plant,
<
for
to make a dividend payment on its preferred stock., < •
has ,34*054 shares of $7 cumulative preferred sfpok on
paid since Nov. 1, 1934. Dividend arrear¬
ages on this stock, as of Dec. .31, 1948, totaled $10,4.06. per shhr5; .
On Jan. 25, Standard Gas
Electric Co. made a dividend" payment
of $1.75 per share on its $7,.cumulative, prior- preference stock.
Stand-/
ard
Power, as holder of 40,751 shares of this Standard-€to6 stock,
reports, that its. current net income will now, exceed the current, divi¬
dend requirement on Its preferred stock.—V. 168, p. 2329.
Creek number three plant.
and
1,200 feet long will
and just
& Electric
Gas
below.
Big
Edison's
An archetype concrete- dam 228s feet high
create a reservoir- holding approximately,
•
35,000 acre feet.
by.dro plant, the total generating
capacity of ^dison. facilities ija the BiR Csceek area will be well oyer
half a million k.il°waits, and the capacity, of the company's Combined
hydro electric and, steam electfic generating system will be approximately 1,670,000 kilo-watts.—'V-. 1$9, p.. 2692;,
company
:;:v
new
stockholders on
of
■
elected
to
succeed
•
^
'
R. Whiting,.
directors
Walter
H.
Dreier..
F.
B.
as
the
President
election
of
of
two
the
new
during
the
1946.
"
.
1947
1943
operating income
$14,187,228
Production, operating, geological, geophysical,
' taxes and general and administrative expenses
4,Q16,4S0
$11,184,$77
$10,170,738
236,101
$8,148^393
258,487
—-—:1—— $10,406,839
$8,406,880
7,673,334
4,945,440
$2,733,505
$3,461,440
9.^18
1
profit
Gross
.:
,—
income—
Miscellaneous
•
Culley,
announced
in
Gross
Executive
Evansville.
treasury
Three Months Ended Nov. 30—
VicePresident, Union Federal Savings and. Loan-Association, Evansville,
Ind.; K.ennetb H. Weyerbacher, President, Boonville (Ind.) National
Bank, and Walter G. Koch, Vice-President, International Steel' Co.,
are
.
in its
stock
SupeDojr OU Co>.—Earnings—
,
The Commonwealth & Southern Corp. (Del.); Granville
President of The Commonwealth & Southern Corp. (N- Y.),
and James A. Bjrown of JackSon, Mich.
This fcilOws Commonwealth's
sale of its holdings of Southern Indiana common stock earlier this
new
the
At the, time of the consolidation, J. P. Steyans had
substantial stock investments in some Of these mills, and its stock
holdings were traded for the present consolidated company's stock.
—v: 168, p. 1625,.. r \
•
: •. '. ■., :. * ' • •
''
of
The
corporation' accumulated
panies
Bourne,
month.
change
The
169, p. 383.
Justin
1.
f•
shares, of
consolidation of the present company with ten other textile mill com¬
rectors and, Two Vice-Presidents Elected—
directors have been
;4-
:
will consider retiring, 821.285
will not affect tha present number of Issued or author¬
according to. N. C. Barnhart, Secretary.
The company
has 5,000,000 shams, of capital stock authorized, of which 3,45%988
are
issued and outstanding.
•
Electric output of this company for the week ended Jan. 22, 1949,
totaled 3,15%000 kwh., as compared with 2,595,000 kwh. for the cor¬
new
16
shares,
ized
Southern Colorado Power Co.—Weekly Output—
*'
Inc.—ChqBge in Capital—
Feb,
capital stock now held in the treasury, by returning it to the status
authorized but unissued capital stock.
"
'
•*
'
its
-
/■'
•'
-;
(J. P.) Stevens fy
The
The
Thr.ee
dividends have been
no
„i
.
With, the completion- of thjs
383.
p.
permission
The
which
'''
above- Pacific
169,
Standard Power & Light Corp.—Div. AppUcatioiv—
The corporation has asked' the Securities and' Exchange Commission
cost
:
Total income
Southern Indiana Company,
also
Vice-Presidents, viz., A. B. Brown,
—'
______
'"Intangible development expenditures—.
—
;
3,036,484
Vice-President and
Operating Manager and C. K. Graham as VicePresident and Commercial Manager. William B. Tippey, Vice-President
of The Commonwealth & Southern Corp. (.N. Y.)
resigned as VicePresident of the Southern Indiana company.—V. 169, p. 383.
Net
Net
Southern
The
Natural Gas €o.—Proposed
for. the period
income
income
per
share—
lease
Acquisition—
Tampa Electric Co
Jan. 24 filed an
application with the SEC for authori¬
zation to acquire a. one-half interest in a new corporation, Coastal Pipe
Line Corp., which has been organized for the purpose of constructing a
pipe line from Texas which would serve Southern's system as well as
Operating revenues
Operating expenses.
other
Retire,
company
areas
on
the
Atlantic SeaboaJd.
Southern is to acquire up to one-half
authorized common
par
soon
—
•
'
'
77,513
603.28l
734,902
51,118
.6.1,800 / ;.r
taxes— \
5,443,610
7,107,595
496,608
612,975
&
I:
$9,665,141,,; $8,113,407
$703,241
$871,166
39,000
-
5178.09
623,900
-
as
.
income
Gross
Income
'
,
natu¬
by gaining access to fields in Texas, and states that the present
Utility oper.
Other
Southern desires to supplement its present source of supply of
ral gas
.
accruals
income
Federal
value.
possible it will file a plan with the
SEC for disposition of its public utility subsidiary companies and for
a consequent order declaring it to have ceased to be, a
registered hold¬
ing company.
Participation by Southern in the new venture is con¬
ditioned upon its ceasing to be a registered holding company.
If sUch
an
order is not, issued by- the Commission, Southern will offer; the
Coastal stock to other Coalstal stockholders at the best price offered
by outside interests.
'
'
""
as
res.
amortization
of the initial
1948—12 Mos—1947
1948—Month—1947
Period End. Nov. 30—
■
(125,000 shares)
capita|l of Coastal for $1 per share, its
Southern asserts that
—v,
———--—
rentals and abandonments, interest on debentures,
and provisions for depletion, depreciation, losses of subsidiaries; and
Federal income taxes.—V. 168, p. 2163.
■"Including
Skelly Oil Co.—To Pay 10% Stock Dividend—
common
169,
to
cause
be
new
the
to Mr. Spencer and the younger men in the company.
Mr. Spencer has the confidence and support of the organization and
no changes in major policies are to be
anticipated."—V. 168, p. 1734.
The
* 378,647
stock.
per
Sierra.
H.
history.
most
$3,220,^90
L__
$2.66
preferred
The directors on Jan. 26 declared a quarterly dividend of 30
cejits
share on the common stock, payable March 15, to, holders of recprd
Feb,. 15, This compares with 50 cents previously paid each ctuarter.
National. Bank
former Vice-President? and ...
and a director since* 1945^retired; in 1943 after 38 years of service. He resigned from
the board of directors at this time because b>s plans call for frequent
extended absences from California.—V. 1-68; p. 2692-.
V
General
President
corporation.
active
1,327,900
$3,674,116
cumul.
507,793
1,685.000
;
:
Standard Brands, Inc.—Reduces Quarterly Dividend—
Southern Indiana Gas & Electric Co,—Three New Di¬
parent
$5,055,983
—...
on
applic.
Earnings per
Wayne N. Johnson have beea elected Vice-Presidents.
continue in his office as comptroller. Mr. Jnhnsmd,.< wbo
recently
$6,099,239
740,123
taxes.
Bal.
and
the
directed
President
38,502
$483,940
.
:
increase
.
has been elected
Angeles,
E. Fife
R.
directors.
of
$.560,358,
72,533
'
255.
p.
income
$5,017,481
6.646
deductions
/
responding week last year, an increase of 21.5%.—V.
Sinclair will be succeeded as President by P. C. Spencer, now
President of the principal operating subsidiary, Sinclair Refining Co.,
an
office he has held
since
September, 1947, and Executive ViceMr. Sinclair informed the directors that with the
the modernization
and
expansion
program
initiated
involving expenditures of more than $150,000,000. he
income
$15,316,343 $12,618,198
9,289,637
7,600,717
$477,294 \ $6,026,706
$530,179
180
income
$0.38
.
682,046
income
Federal
he had resigned
as
elected Chairman of the
Mr.
President
operating
Accrued divs.
tax.
$1,159,341
783,707
income
Gross
$210,149
550,319
$143,802-
shgres
common
v
1948—12 Mos.—1947
1948—Month—1947
deductions..
Income
Net
No.
,360,060
<
$1,3.43,88$
revenues
rev.
Other
12 Months
6 Months
•»
income
Southwestern Public Service Co.—Earnings—
Co.—Earnings—
revenues
$3,360,117
2,622,728
38,451
taxes
operating
Oper.
Gross
5,-750
-
-
$42,544
30,095
In addition, South Carolina. Power will issue approximately $4,000,000
bonds In the middle of this
year
to finance its share of the
expansion.—V.
~
35,223
Net
be
already
-
$38,503
Net after charges.—. 23,686
—V. 169, p. 12.
stock.
also is
company
oper.
$399,621
$3,365,867
6,050
that
been
1948—11 Mos.—1947
$4,142,802
e$
Sinclair Oil Corp.—Sinclair Becomes
-
,
-1948—Month—1947
•
revenues^.-
Uncollectible
be
in
1948
$6,666,676 $11,192,385 $12,745,510
$5,971,809
550
To
•
1949
" """'
169, p. 383.
Jan. 1 to Jan, 14
1948
$336,045
a
v-
Week End. Jan. 14
550
$647,635
210,000
"Balance applicable' to com. stock and surplus
Earnings per ' common share—226,584 shares—
—V. 168, p. 2691.
1945
,
$701,327:
requirements
"
*"
"
•
rev._
To Build New
Net
Preferred
1946
railway.
245,013,413 222,833,436 212,041,109 247,536,833
railway—
60,406,498
51,159,922
40,249,380
73,591,553
income
29,148,740
21,375,013
19,311,146
26,817,'767
Period End. Nov. 30—
.:
■
Mr.
Income deductions (net)
>
;
•
MONTHS
part of the program, company will ask stockholders at a special
meeting March 9 to approve an increase in the authorized common
stock from 2,021,4.60 to 3,021,460 shares.
The company plans to issue
part of the new common to raise $2,000,000 with, present stockholders
Mr. Fife will
&
amortization
Diesel. electric
Southwestern Associated Telephone Co.—Earnings—.
As
194&—12 Mos.—1947
1948—Mobtbr-1947
hew
'
12
1947
1948
1949
Southern California Edison Co—New Director, Etc.—
$354,716
';
95,
,
AND
oper.
Period—
The company
Sierra Pacific Power Co.—Earnings—
Period End. Njov. 30—
Operating revenues
Operating expenses
of
cost
■"Deficit.-
South Jersey Gas
due March 1. 1952 under
extension agreement, $240,000;
senior debentures, 5%
due March 1,
1952, $435,000; accrued interest payable on senior debentures, $8,137;
junior notes, 6%
series "A" due March 1, 1952, $960,000; accrued
interest payable on junior notes, $648,000; deficit per books on basis
of
carrying securities at cost. $987,850; unrealized depreciation of
securities, $247,396; total, $1,055,891.—V. 168, p. 1590.
LIABILITIES—Senior
the
DECEMBER
from
from
Net
20,9,
p.
Period Snded Dec. 31, 1948—
quoted
of
7
FOR
from
Net
Co.—Company and Sub¬
sidiary to Raise $9,000,000 This Year—
,
market prices (aggregate cost per
books $1,218,939), $9.71,543; cash, $82,992; accrued interest receivable,
$1,356; total-, $1,055,891.
at
75%
"
.
From Jan. 1—
board; of directors to issue 10,000
had been outstanding, previous
stock
South Carolina Electric & Gas,
tLoss.
interest, etc.
expenses,
BALANCE
ASSETS—Securities,
'
■
from
Operating
Net loss
■"Income
'
railway— $20,765,727 $20,628,579 $16,848,996 $17,5'77/961
railway——__
5,541,927
5,585,911
2,497,978
*9,7.67,220
Net ry, oper. income.—
2,901,211
2,335,736
3,067,948
284,508
Net
$28,917
$52,796
about
units,
December—
Coker, President of the company, explained the move, was
to raise additional working capital, the profits of the
being sufficient since the war to, carry out necessary
construction work and provide adequate working capital.
He said that
not
company
1945
1948
30—
efficiency
gain
Ry.—To Sell Equipment Issue—
EARNINGS
expenditures
9 Mos. End. Nov.
Southern
Company, it is expected, will receive bids for the purchase of
$11,850,000 equipment trust certificates on March 9.
The proposed
Products Co.—Sale of Preferred Privately—
construction
Trust—Earnings-
Shawmut Bank Investment
♦Income
749,
found necessary
bonds.
<
168-, p,
An issue of 10,000 shares of 5% preferred; stock (par $100) has been
to Jefferson Standard Life Insurance Co.
%nd Pilot Life Insurance
against
27/a% debentures, due April 1, 1961, $6,900,000; $5.50
stock ($25 par value), $6,025,000; $1.50 cumulative
($5 par value), $2,121,585; common stock ($1 par
$76,587;
cumulative
above.—V.
^
sold
shares.
convertible
Co.
Electric
James L.
DEC. 31, 194$
SHEET,
investments in 11. S. Government
securities (at cost), $1,400,489; investments in other securities (at cost),
$34,104,065; dividends and .interest receivable, $176,438'; receivable for
securities sold, $7,923;
special deposits for dividends, $20,281; total,
etc.,
General
of
by
order declaring it not to be
Company.
ASSETS:—Cash in banks, $404,721;
loaned
and
28
^.^V.y :i-/
:,,v
Solar Aircraft Co.—Awarded Contract—
tTfte corporation has elected to be taxed as a regulated investment
securities
gas per day at reasonable prices from ^ny.
it-if Southern is utfabie to obtain an SEC
a holding company.
•
;
;
r
1
Interested persons were given until Jan. 31 to request a" hearing
upon
the proposal.—V. 169, p, 114.
;. u
"'.'V
:v':-V-'; ' ^
100,000,000 cubic feet
pipe lme'constructed
June
on
proposal is desirable whether!:or mot, the Commission approves its dis-position of its utility subsidiaries, in consideration of its acquisition
of the 125,000 shares, Coastal has.agreed to make available to
Southern
..
—
company, and as such shojuld have no material
income tax for the year in respect of the above
for
also, made
were
Dec.
1,352,529
106,079
319,79.1
This stock dividend follows*" one of like kind, declared. July
13,, 1948,
in payment of which 98,135 shares
ofcommon. stock Wre-dlMributed
Sept. 24, 1948 to stockholders of record; Aug, 20, 1948.'
; (, V.;"'V
$1,411,567
763,859
tTajfjea; (otljiei? tb.giMb.c,):
investments
-
1,325,522
666,178
Interest
Dive. $5.50J pfdl
Divs. $1.50 pfd,
Net
profit
on
1946,
1947
$2,297,334:
185,711
198.375,
23^23,5
$1,948,80$.
'Calendar Years—
Total income
Net
19,240
$117,884
4,072
$1,324,884
110,159.
$1,480,301
43,491
$113,812
$1,214,725
.$1,436,810
share—597,866.86 shares
$2.03
$2.40
r-
per
common
;
$119,677
.1,195
:
$120,872
20,847
income^--—!-'
Earnings
.
$1,395,64 s
1,370
—
income
deductions
$1,443,546
$116,514
income-.(net)
$100,025
/
;
'
*
36,755
Volume
169
Number 4773
THE
&
Union Electric Co. of
•
Transmission
Gas
Texas
Corp.—FPC
Pass
Agrees to
,
FPC has
The
thereby
Ohio,
i
agreed
to construct
poration
to
an
waiving
the
requiring
intermediate procedure
the
is
.mendation by the Trial Examiner.
The
and
five-man
full
the
filing
of
hear
will
Commission
briefs
oral
arguments
Feb.
on
24,
permitted on or before Feb. 14.
The
Commission, acted on a motion filed by <W. T. Stevenson, Executive
Vice-President of Texas Gas. Hearings on Texas Gas' application before
*
Examiner
Marvin
months.
will
be
Farrlngton
V.
V;-
to
came
last
end
an
Stevenson
the Commission
told
that
the
,
number of
large
.
applicants in the case had contributed substantially to the
time required to conclude the hearings.
He said that a prompt decision
on
the part of the FPC would enable the company, to
move
ahead
rapidly in its plan to bring additional gas supplies to consuming areas.
Texas
Gas
has
already taken many steps to have
the proposed
$73,500,000 project in operation by the end of the year, Mr. Stevenson
declared,
is
and
awaiting only
the FPC
this connection,
authorization to
he pointed out to the
of,the project as follows;
(li
Arrangements
to
finance
the
Commission
$60,000,000 35/a%
ahead.
go
.(2)
miles
63
phis,
Of
miles
236
alpng the
ground.
the
have
Tenn.,
<3i
due
1968,
26-inch
1
clared
—V.
pipe
line,
26-irich
right-of-way,
steel
in
Lula,
from
Miss.,
'''f '\
pipe
addition
has been
to the 63
,V'
%
Leonard
B.
preferred
dividend
less
June
than
and
1
Sept.
month
a
'
dividends
1
before
'
.
the
de¬
were
payable
dates.
President
169,
of
Gas
Harrisburg
has
been
50.
p.
Lines
Co.
(&
,!T948
net
Common
per
profit
shares
after
Equip. Issue—
adjustments
year
income
taxes
$3,774,000
31
$10,648,807
1,502,690
1,484,206
$2.47
Dec.
$7.13
•
from
the
sale
Navigation
and
other
securities
of
Realization
special
Reduces Quarterly Dividend
;■>
company has
of $2,250,000
invited bids to be received by Feb. 10 for the pur¬
chase
equipment trust certificates, series F, to be dated
March -1, 1949, and due
$225,00q annually March 1, 1950-1959.
Pro¬
ceeds-will be used to finance purchase of four
6,000-h.p. Diesel road
freight
locomotives
and
one
7 4,000-h.p.
passenger
locomotive.—
V. 169, p. 12.
.
;
,
,
The
share
and
Co.,
from
Ltd.
liqui¬
§Including
M.
better
by
registration
the
of
covering
company
common
the
of
statement
stock, it
Board
Action
of
filed
offer
an
to
TWA,
the
on
at
offer
with
the
SEC
stockholders
announced by
Jan. 26.
the
board
TWA
shares
held
of
record
Feb.
on
days
offered
to
Pierson
said
purpose
;
Mr.
the
the
stockholders
that
the
as
Pierson
the
1949,
16,
price
will
funds
be
such
or
later
date
management
will
be
will
be
at
later
a
for
used
date.
such
Mr.
corporate
■
Hughes Tool Co. owns about 74% of the 2.020,560 shares outstand¬
ing.
It has been indicated that Hughes Tool will subscribe for its
quota,
underwrite
with
the
stock
new
offering,
which
is
to
working
provide additional
the provisions sur¬
capital, there may be some change in
rounding the $40,000,000 debentures held by Equitable
Society of the United States.
'
'X'
;
'
Life
Assurance
per share
the common
cents
Jan.
on
25
elected
was
President
and
1949
should
1948.
is
show
a
"However,"
is
pursue
for
to
he
stabilize
been
221/2
cents
declared,
1949.—V.
share
per
payable
July
the
on
1949
1,
to
Jan.
stock.
declared
27
extra
an
In
quarterly
disbursement
the
1947
four
of
paid
company
dividends
cents
25
four
of
75
share
a
quarterlies
of
that
general
the
on
the
warrant
V;.
added
completed,
that
at
Donald
carefully
the
end
extra
review
of
each
dividends
.
.,
Armstrong,
cash
its
quarter and
will
be
President,
situation
since
the
plant
end
improvement
con¬
by.
the
j
World
of
and
that if
considered
the company's postwar
plant program has
almost $6,000,000 has already been spent
that
for
dividend,
would
further
directors.
He
extra
company
business condition
completed.
World Airline, it was announced by Warren Lee Pierson, Chair¬
man, following a meeting of the board of directors in Kansas City, Mo.
i<«,"Mr.: Damon, who resigned recently as President of American Airlines,
Ip-c., was recommended to the TWA board on Jan. 24 by Howard
Hpghes, President and owner of Hughes Tool Co., which in turn owns
74% of TWA, and thereby controls the airline.
TWA
-
has
been
June.
Executive
without
Since
President
a
then,
since
LaMotte
have
affairs
the
will
War
be
II
and
required
before
the
been
plant
on
substantial
FOR
CALENDAR
disburse¬
is
program
been
his
assume
Tri-Continental
duties
new
Feb.
Corp.—Annual
Randolph, Chairman of the Board,
part:
*^The
merger
which
was
the
the
at
opening
.''■As
a
amounting
a
Oct.
Dec.
At
to
$6,349
Report—Francis
F.
on Jan. 18, said in
common
the
at
;r-
1
..
assets
that
at
as
of
1948.
1948
of'warrants.
holders
were
STATEMENT
♦Income
from
Interest
OF
.
INCOME
income
income
Other
Total
$2,576,699
208,456
2.651
$2,787,806
oh
.•
^
219,451
—
debentures-
1_——:
231,475
1
_____—
21,448
income
profit
$2,315,432
of
sales
of
Dividends
on
Dividends
on. common
♦Included
daj,es.
investments
preferred stoqk
$93,000
1,678,049
:
970,765
stock
1,497,299
taxable
securities
tThe corporation has elected
company and as
at
be
to
market
taxed
such should have
tgjc in. respect of the above net income.
applicable
1948
31,
income
expenses
ment
DEC.
—
tTaxes
Net
ENDED
:
Interest
tNet
YEAR
dividends
General
-
FOR
$4,186,948
$8.13
$6.01
just
opened
Jan.
on
its
22nd
current
in
Richmond,
19.
new
warehouse, which will carry Weldwood plywood and affili¬
products, is served by a spur from the Seaboard Air Line Ry.
contains 40,000 square feet of
storage space.
The
operates other
company
Brooklyn,
Chicago, Cleveland,
Angeles,
Pittsburgh,
Milwaukee,
Portland,
Toronto.
distributing units in Baltimore, Boston,
Cincinnati, Detroit, Fresno, High Point,
New
York, Oakland, Philadelphia,
Rochester, San Francisco, Seattle and
Newark,
Ore.,
•'
T,
There
are
branch
offices
Haven,
Peoria,
Portland,
in
Albany,
Grand
.
.
Rapids,
Indianapolis,
Saginaw,
St. Paul.
Providence,
Me.,
Scranton, Spokane, Toledo, Washington and Worcester.—V. 169,
rate
the
of
is
made
reduced
is
in
p.
216.
States Steel Corp.—Plans 3-for-l Common
Split-Up—Declares Special Dividend of $1—Earn¬
ings Larger in 1948—The directors on Jan. 25 declared a
special dividend of $1 per share in addition to the usual
quarterly dividend of $1.25 per share on the common
stock, both payable March 10, 1949, to holders of record
Feb. 4, 1949. No special distribution was made last year.
On May 2, 1949, the stockholders will consider a
propo¬
sition (1) to authorize a 3-for-l common stock
split,
thereby increasing the 8,703,252 outstanding common
values
as
payment
on
regulated invest¬
a
tAfter deducting
thereto.
$10,508 taxes
'
'
to
26,109,756 common shares
upon such authorization to
without par
value, and (2)
increase in the total stated capital represent¬
by outstanding common stock from $652,743,900 to
approve an
ed
$870,325,200,
total capital increase of $217,581,300. Of
this total increase, $38,462,801 will be transferred from
existing capital surplus, thus eliminating the balance in
or a
this account, and the remaining $179,118,499 from earned
surplus. ;% ' "
,
liability for Federal income
no
value
par
The
board
adopting
announced
that
method of
a
accelerated
based
purchasing
the
corporation is
depreciation on cost
adopted in
and
wear
1947
and
exhaustion
distinguished
from
the
facilities.
However,
accountants, both public
the
American
at
Institute
to
the
actual
of
number
is
in
capacity.
lower
or
the
is
Steel's
in
year
of
cost
when
economic
the
to
long-term
the
1948,
in
year
U. S.
which
The
depreciation
their
Steel
they
expected
qualify
estimated
vacation
with
the
of vacation
made in
for
included
were
considered
are
employees
have
that
to
Due
legal
such
will
depreciation
facilities,
not
but
exceed
to
during
Therefore,
be
made
income
in
costs
changes
its
in
interpretations,
accrued
vacation.
payments
result
is
amount
expenditures
accelerated
on
lives
vacation
paid.
recent
to
a
excess
peacetime
accelerated
which
postwar
the
related
annual
operations.
normal
over
S.
a
as depreciation
depreciation is
purposes.
to
lives,
thereof
the
1947
accel¬
including
succeeding year, except that this amount
operating rate may drop, no acceleration
the
as
the
tax
their
The
in
in
accelerated
income
U.
over
the
reported
This
recovery.
amount of the
$55,314,736,
applicable
amount
rate
is
Such
of
years
power
The
1947.
1948
for
in
the
the
1949
the
payments actually made in that year
accounts
which
of
the
accrued
reflects
well
as
in
part
been
in
labor
vacation
period
1948
year
cost
certain
these
major
have
the
the
facilities.
payments
1948,
1,
amount
facilities
70%
to
related
purchasing
Jan.
year
The
of
of
depreciation
the
few
70%
ratably
Prior to
the
those
as
in
cost
to
be
1949. Income for the
year 1948 has been reduced
approximately
as a
result of this accrual.
$19,700,000
Of
the
for
reserve
during
quarter
of
estimated
the
1948
to
war
additional
to
costs
years,
$4,847,138
the higher
costs
cover
and
and
replacements
of
its
income
of
quarter of
mated
amount
31,
its
after
exhaustion during
used
out
in
of
the
war,
fourth
of
during the war.
The balance
31, 1948, was $20,573,670.
During the year 1948, U. S. Steel expended
total
arising
was
replacing inventories
remaining in this reserve at
depleted
facilities,
dividends
the
1948.
year
1948 for additions
to
and
$275,000,000 for additions
$77,000,000
or
and
the
total
than
more
provision
Expenditures
for
during the
the
wear
fourth
replacements of facilities approxi¬
$76,000,000.
At Dec. 31, 1948,
$240,000,000 was the estimated
required to complete all authorized replacements and
additions.
current
1948,
assets
after
$469,519,212
of
the
corporation
the
current
deducting
compared
reflects
crease
with
its
and
subsidiaries
dividend
$548,648,098
at
at
Dec.
declarations,
were
31, 1947.
The de¬
Dec.
the
expenditure for additions to and
replacements of
facilities of $275,000,000
during the past 12 months.
In
1935, following a detailed analysis of the
corporation's invest¬
ment
in
properties,
directors,
of
and
properties.
from
of
the
this
had
than
lower
one-third
than
in
reserves
property
situation
followed that
has
is
no
had
in
prior
reserve
operated
to
estimate
1927,
of
machinery,
for
five
the
plants
set
was
up
in
at
an
years
capacity and property
preceding decade.
This
for
based
has
reserved
of
the
was
values
been
management's
reinvested
depreciation
steel-making subsidiaries
less
had
as
been
additional
economic
what
amount
surplus,
which
When
of
-average
This
earned
income
mines.
1935,
$270,000,000 was added, by action of the board of
depreciation reserves to cover economic obsolescence
the
to
these
amount
prices
were
addition
to
the
on
been
purpose of stating conservatively
then existing economic conditions.
altered
so
by
World
War
II
and
this reserve, in the
opinion of the board of
needed for the purposes
anticipated in 1935.
longer
Therefore
the directors have
authorized that this amount of
$270,no
part of which has ever been treated as
a
depreciation
in« income
statements or allowed as a deduction for income tax
000,000,
purposes,
be transferred back
to
earned
reserves, effective as of Dec.
31, 1948.
\
Since this amount of
$270,000,000,
to
1927,
represented
directors
recommend:
the
a
reinvestment
(1)
that
surplus
when
of
income
sufficient
a
from
originally
in
aside
prior
properties,
thereof
part
stated
depreciation
set
be
the
added
to
capital represented by the
outstanding non-par value com¬
mon
stock
to
increase
such
stated
capital from
$75
to
$100
per
share, and (2) that the new stated
capital be represented by a greater
number
of
common
shares.
%
Shipments of steel products
in "the fourth
quarter of 1948 amounted
5,467,696 net tons.
This
tonnage constitutes a new record of
shipments for any fourth
quarter in the history of U. S. Steel.
Ship¬
to
ments
for
the
peacetime
tons
for
1948
for
of
and
a
This
amounted
compared
to
20,597,570
shipments
with
steel
ingots
99.4%
of
and
rated
castings for the
capacity and 93.8%
and
employees
Products and services sold
STATEMENT
other
296,056,970
Net
income
Preferred
146,020,465
114,045,483
Cr4,847,138
Cr4,847,138
Cr2,540,618
inc.
903,562,764
841,915,356
on
taxes
12,287,947
(est.)
32,800,000
2,394,345
49,884,321
109,000,000
2,507,729
45,197,381
91,000,000
$41,510,274
$129,552,424
declared
$127,098,148
6,304,920
declared
19,582,317
25,219,677
52,219,512
45,692,073
$15,623,037
$52,113,235
$56,186,398
$4.05
$11.99
$11.71
_
divs.
Common
costs
1,035,369,375
1,013,993,816
40,079,331
debt
on
1947
308,169,243
bought
& miscell.
taxes
INCOME
-Calendar Years1948
$726,646,553 $2,481,367,608 $2,122,786,243
years_L
Federal
OF
-
589,926
services
long-term
1947
286,316
$890,112,230
Wear & exhaustion of
facil.
♦War costs incl. herein
pro¬
vided for in prior
State, local
1948
Year
1948
Dec. 31, '48
Wages, salaries, social se¬
curity taxes and pensions
&
of
capacity
296,785
Quar. End.
Interest
rated
$294,986,915 $1,028,926,899
CONSOLIDATED
&
of
net
quarter
Year
302,599
payroll
Products
fourth
payroll statistics for the fourth
quarter of
the calendar years 1948 and
1947 follow:
1948
of
new
of
4th Quar.
Average number
tons—a
20,241,706
1948.
year
comparison
Total
net
of
1947.
year
averaged
the
1948
year
record.
the
Employment
-
also
the
those
of
is
on
to
the
depreciation
10%
addition
total
of
of
and
being made
Stock
without
for
first
cost
Production
shares
which
based
one
operating
10%
cost
warehouse,
as
among
position
that
greatest.
2,325,000
United
net assets of the corporation were equivalent
debentures.
On the same basis the preferred
was $240.08 a share.
holders of this corporation's securities other
than debentures totaled 21,807, of which 3,923 were holders of the
preferred stock. 13,471 were holders of the common stock and 4,413
31,
has
announced
was
The
New
is
$6,511,948
•
corporation
the
net
ated
Los
in
depreciation
share
common
and
facilities, regardless of when or of what
buying
adopting a method of accelerated depreciation
retroactive
accelerated
average
stock increased from $10.11 a share
end
presently
the
738.
p.
for
it
the
of
dollars
replacement cost.
deductible for Federal
the
$5,662,844
per
recording
cover
The
taxes
profit
168,
Va., it
It
1948.
to
$8,942,844
taxes
United States Plywood Corp.—New Warehouse—
change occurring
quarter distorts all yearly comparisons..the benefits of the merger to Tri-Continental,
$10.88
coverage
Dec.
of
—V.
The
1948, the
$1,000 of
per
asset
As
to
1947
31,
1,
added
not
3,280,000
income
corporation
is
of
made
1947
1948
Federal
an
third
primarily
31,
Dec.
stock
by
income
Earnings
169, p. 210.
Corp. acquired net
$15,673,000.
This
substantial
to
Corp. the asset value of the
on
resigned
of General Shareholdings Corp.,;
large majority of the stockholders of both
meeting on Sept. 15, 1948 became effective
business
the
of
Reflecting
10.—V.
Tri-Continental
result,'
end
the
Cohu
is
directors,
Net
corporation
by
special
of
date
It
this
into
approved
companies
at
T.
administered
Federal
before
principle which
current
stated
is
for
depreciation
substantially
YEARS
;
.
income
the
Steel
instead
principally
not
'•
EARNINGS
Net
Committee, of which Mr. Pierson is Chairman.
Mr. Damon will
cost
Net
newly declared quarterly
dividends
are
payable March
21,
Sept. 20, and Dec. 20 to stockholders of record Feb. 28,
May 31, Aug. 31, and Nov. 30, respectively.
The extra dividend Is
payable March 21 to stockholders of record Feb. 28.
20,
Commenting
of
Dec.
p% 210.
169,
spent
U.„S.
provided
of
the
proper
originally expended
disagreement existing
depreciation
dollars
on
our
permit."
15,
each, and
director of
a
earnings
of
to
outlok
Trans
last
of
The
June
ments
v-.Ralph S. Damon
the
each.
betterments
Ralph S. Damon Elected President and Director—
h
quarter
policy
dividend
also
June
on
on
ditions
" '•%•
.
directors
70
said
nearly 300,000 shares.
Merrill Lynch, Pierce, Fenner & Beane, New York, will
shares
not
subscribed
to
by stockholders.
,•% ".r i
or
>■,'Along
has
record
cents
';
determine,.
may
earnings
that
first. quarter
first
proper
semi-annual
stock
of
The
as
shares
the
which
at
determined
realized
as
the
over
the
stated
United States Pipe &
Foundry Co.—Increases Dividend
Rate—Declares Extra Earnings
Higher—
in
registration statement becomes effective.
to
holders
;/'V''V%■ V
share, for every
■
'According
far
as
usual
preferred
shares
meeting held
City Jan. 25,', /,:iV• ."7v-:v./,.-.'-77-K-'".;,7v'J
Stockholders will' be entitled tosubscribe to one
the
few
a
404,112
of
Kansas
five
in
that
that
Warren Lee Pierson, Chairman
was
taken
was
be
will
and
feel
we
dividend
The
A
President,
improvement
"
added,
Franklin,
that
a
terms
and
the
Commission,
agreements, together with
declared a quarterly dividend of 50 cents per
common
stock, payable March 10, 1949 to holders of
25, 1949/% This, compare? with 62 W cents
per share paid
quarter during 1948.
distinctly
112 Shares of Common Stock—
-
Common Stock—
on
have
the
on
John
,
,
directors
material
■
mining
power,
items.
record Feb.
each
Transcontinental .& Western Air, Inc.—To Offer 404,-
;
private,
adopted was not
currently consumed.
quarter of 1948, it was
by the American Institute
position taken
discussions between
it
the
Initially
third
upon
is
in
the
Accountants, which is supported by the Securities and
Exchange
Commission, that the only accepted accounting
principle for
deter¬
of
$8,491,159
%2,157,648
§1,014,000
share
♦Estimated.
JResulting
dation of Oceanic Steam
prior
Fed.
outstanding
common
of
usefulness
1947
$2,760,000
1948
30%
property
for
further study was being made
principles satisfactory to the Commission
reflecting additional wear and exhaustion cost.
agree
believes
in
which
view
and
the
Texas & Pacific Ry.—Bids on
Steel
facilities
Subs.)—Earnings—
operating profit after Federal income taxes
profit resulting from non-recurring items
the
Exchange
facilities
The
States
and
the
of
the
deficiency of $2,675,094 in the
Co.,
'
The
S.
its
method
.
of
to
cost
accounts
view
and
because
true
the
determining and
U.
in
yet time to take such action
meeting on Feb. 14, at which action
27, 1948, the company declared its
Jan.
the
Richards,
Earnings
384.
p.
On
director.—V.
a
United
.
arrangements calling for receipt of the balance of the
pipe to complete the ontire project have been, made.
Thp aerial and ground surveys of the entire route have been
completed. ■
•
,
•.
'
*
of the right-of-way has been acquired.—V. 169,
the
on
of
in
effort
continued
are
(5)
50%
action
no
1.
but
384.
Combined
V4('Firm
Over
took
25
March
meetings
p.
for
Mis¬
size.
an
cost,
the
cover
Accountants
in
dollars
Jan.
considered.
at
elected
Net
steel
(6»
in
present
area
its
Lines, Inc.—Div. Action in February—
dividend,
169,
Net
...
1962,
service
double
Years Ended Dec. 31—
bought and delivered
miles already in the
V
through
Electric's
system
a
of
to
release
that,
erated
Mem¬
to
Union
require
United Gas Improvement Co.—New Director—
\
constructed.
been
of
project—including
the sale
of
major insurance companies—
to
that
will
1947
stated
of
on
paid
be
March
the advanced status
;
Iowa
from
company announced it was mot
that there would be another
would
ub°n original
.
the
Securities
$25,500,000,
the program
2439.
p.
be
expanded power facilities.
last year totaled about
The
and
12
bonds,
been completed. " '
expectation
directors
to
and
program
Extending
and
United Air
In
,
have, already
168,
The
inter¬
and
the
on
souri, Illinois
due
-
,
„
Mr.
veners
based
the
on
said.
company
—V.
after- 3VSs.
week
construction
new
(539) ' 55
sufiicient
has announced that it will spend an estimated $42,000,coming year as part of its 15-year $387,000,000 pro¬
Expenditures
recom-
a
of
gram
CHRONICLE
In
The company
000 during the
pass directly on the application of the cor¬
800-mile natural gas pipe line from Texas to
FINANCIAL
Missouri—Plans Large Expendi¬
ture in 1949—
Directly on Construction Application, Thereby Avoiding
Delay—
'
COMMERCIAL
divs.
25,219,677
.
lNOTE—The unrealized appreciation of investments on Dec. 31, 1948
$2,335,235 after deducting unrealized depreciation on investments
was
acquired
on
Oct.
1, 1948 from General Shareholdings Corp.; the un¬
realized appreciation on Dqc. 31. 1947 was
$2,678,698, after deducting
provisions of $1,555,000 for possible Federal income tax
payable of
such appreciation were
realized.
,
rities,
dends
in
$11,116;
interest
for
special
taxes,
Dec.
DEC.
1948
receivable
deposits for
in
other
$292,128;
in
securities,
receivable
dividends, etc., $48,345;
accrued,
U.
S.
Govt,
$57,897,570;
for
divi¬
securities
total,
value
sold,
$125,528;
loaned
against cash,
expenses,
$71,979; General Shareholdings Corp. 3%
debentures, due
1960—assumed, $2,650,000; 27/s%
debentures, due March 1,
$7,360,000; $6 cumulative preferred stock, no par value
$25 per share), $5,576,375;
949; surplus, $42,767,440; less:
scares common
stock
held
$61,436,683.
"
' :
(stated
common
18
in
shares
reserved
for
stock
$6
($1 par value),
preferred
treasury,
at
cost,
stock
$2,870,-
and
80.10
$2,289;
total
'
,
are
This
power recovery.
issuance
stock
Earnings
Income for the fourth quarter of
1948, before declaration of' divi¬
is reported
as
$41,510,274, or a return of 5.7%
on
sales.
Income for the year 1948 is reported as
$129,552,424, or a return
of 5.2% on sales, as compared with income
reported for the year 1947
of $127,098,148, or a return of 6.0%
on
sales, all before declaration
of dividends.
_:
.
In
the
its
to
shares
of
common
common
stock
,
at
accounts
exhaustion
normal
for
for
1947,
the
which
amount,
determined partly
the corporation
year
depreciation
added
was
an
based
amount
on
original
30%
represented
through
reflected
of
in
the
$26,300,000
cost
of
of
the
experienced
cost
its
in
total
facilities.
normal
to
This
depreciation,
increases
and
partly
study of construction cost index numbers.
Although it was
"materially less than the experienced cost increase in replacing wornout facilities, it was a
step toward stating total wear and exhaustion
in
an
amount
buying
In
power
view
during
of
the
1948,
advanced,
/
'/
which
the
principle
would
same
in
recover
purchasing
the
effective
additional
as
of
charge
Jan.
1,
current
dollars,
the
the
cost
for,
wear
1948,
of. diminished
as the original expenditure.
first three quarters of 1948.
power
continued during
continued increase in
was
to
of
60%
goods
and
of
and
facilities
Walter
tion
and
the
to
years.
Mr.
business—
per common
associated
Walter
S.
S.
a
He
Gifford
of
a
is
&
income
tax
adjustments.
Gilford Returns to Board of
Directors—
Gifford
was
share
Federal
on
member of
board
Telephone
Jan.
its
25
was
finance
directors
of
director
for
Chairman
of
the
Telegraph Co.—V.
a
11
years
board
169,
p.
of
director of
Mr.
corporation
almost
the
elected
committee.
the
Gifford
after
an
between
directors
of
corpora¬
thus
returns
absence
1928
of
and
the
ten
1939.
American
384.
Universal Pictures Co., Inc.—Suit
Dismissed—
Federal
Judge
Simon
H.
Rifkind
has
dismissed
in
Court in
U.
S.
District
New York City the suit
brought by Stephen Truncale, minor¬
ity stockholder, against N. J. Blumberg, President.
Truncale's action,
filed by Milton
Pollack, attorney, alleged that a gift of warrants made
by Blumberg, part of which were later sold
by the donee, was improper.
A similar action
by the same stockholder against J. Cheever
Cowdin,
Chairman of the Board, and Charles
Prutzman, Vice-President and
General
Counsel, was dismissed last October.
Judge Rifkind's opinion sustaining Blumberg's motion to
dismiss
against him cited the opinion rendered by
was
suit
depreciation
suit
exhaustion
the
♦Less
in
wear
addition
through
This
1,280,976
for the exercise
of warrants to subscribe
time at $17.76 per share.—V. 169, p. 49.
Reinvested
Reporting the earnings for the fourth quarter of 1948,
Irving S. Olds, Chairman, announced as follows:
and
payable, etc.,
$16,700;
accrued
etc.,
"NOTE—There
on
method is made retroactive to Jan. 1, 1947.
$61,436,683.
dividends
securities
secu¬
1,
1961,
any
31,
banks, $936,800;; investments
vLIABILITIES—Interest
due
SHEET,
$2,250,724;.: investments
and
one
dends,
BALANCE
'ASSETS—Cash
instead of
Judge
affecting
Cowdin
and
Prutzman.—V.
168,
p.
Medina
1406.
in
•
the
the
■
'
COMMERCIAL
THE
(540)
56
Virginian Ry.—Equipment Financing—
lit
asked the ICC for permission to sell $3,800,000
certificates, series A. Bids will be received until
at the New York offices of the road.* Pro¬
used to meet part of the cost of 1,000 steel hopper cars
will
ceeds
and
be
169,
210.
p.
"Wall
Citizens
Daniel
Trustee
Jan.
mass
a
26, had the following:
meeting Jan. 25 heard trustees
the company.
for reorganization of
Lyne
calls for a loan covered by liens and mortgages
Amounting to "several million dollars'." The plan also
$1,000,000 reduction in the amount of loans to be granted
that the plan
said
the RFC,
from
calls
for
a
stockholders,
These were to total $4,300,000. In addition,
holders, the company's employees and citizens of
called upon to subscribe to $2,000,000 in eqility
banks.
debenture
■would
be
the
of
■debentures
would
financing
equity
The
be
Waltham
financing.
addition to present equity and
in
company.
J. Hagerty said the agency had sub¬
This proposal calls for a $5,000,000
loan, with $1,000,000 additional to be contributed by the banks
in cooperation with the government, and $3,000,000 in equity financing
'from the,same sources as the trustee's plan provides.
RFC
regional
mitted
John
manager
counter-proposal to him.
a
tion
John
submitted
plan
Hagerty,
J.
out details of
all
A'od
Holders
5%
convertible
the
of
Formed—V
debentures have formed a
reorganization proceedings, i.
Operating
Alitor, senior partner of Astor & Ross, members of the
Exchange, and Henry W. Sweeney, head of a firm of
accountants.
ings
of
Sales
sales
„
46,952,190
—V.
1,123,658
818,937
admi|i. exps._
768,122
710,034
615,320
Net profit from opers.
$5,724,415
$3,856,474
$6,075,095
567,117
215,667
Total
Fed.
$6,352,945
$6,290,-762
343,166
debs,
income
7,122
reacqui.
taxes
1,549,000
'*
[
' *
Bivs.
on
pivs.
on
Bivs.
•Earnings
$3,642,738
cn
87,934
$3.03
$4.58
—-———
the
for
shares in 1.948, 719,930% shares in 1947, and
(in 1945 after readjustment of capital struc¬
profits
excess
from
date
of issue Oct.
1,
in
.
.
banks
and
cost of past
service
Inventories at
•Investments
lower
at
of
cost
or
cost
$4,531,708
1,230,053
3,459,682
1,200,740
81,072
surplus
reinvested
10,413,472
253,528
Accounts
payable
Salesmen's guaranty
2
Fed.
$22,202,405
inc.
&
excess
411,592
87,272
$1,384,200
115,046
49.181
393,750
87,482
6,092,400
6,349,100
721,139
4,686,039
5,810,884
prof, taxes
6,292,825
6,395,200
'719,930
4,288,916
3,691,402
6,292,825
6,395,200
719,457
4.283,476
2,481,788
114,720
genertal taxes, int., etc.—
Dividend payable on preferred stock
pfd.* stock
stock
Capital
surplus
par
par value)
Value)—%
surplus
Earned
($100
($1
——
—,,
$25,944,745 $23,531,951 $22,202,405
Ltd., stock, an unconsolidated
tAfter reserve for depreciation of
<*.18,787,156 in 1948, $18,864,108 in 1947 and $19,710,432 in 1946.
tAfter
deducting U. S. Tax Savings notes of $2,350,000 in 1948, $2,050,000 in
1947 and $2,750,000 in 1946.—V. 168, p. 2589,
•Including The British Arkady
subsidiary 58.6% owned—$38,702,
%
r
Co.,
capacity
Almost
before.
Wheeling & Lake Erie Ry.
stockholders
miles
3.7
20,233,721
end
the
at
100,000
—
from
Worcester Gas Light
To Build Line to Coal
a
: ■'/■'''■ iv-
will consider approving the construction
point near Athens Township, Harrison
-
coal-cleaning plant to be located in Cadiz
Ohio.—V. 169, p, 420.
Co.—Registers With SEC—
will. be determined by competitive bidding/ Proceeds will be:
payment on short-term obligations, to retire $1,000,000 of
series "A" bonds, due 1954, and to repay the plant ■
offering
as
mortgage
168, p. 2165.
replacement fund.—V.
$30,422,958 $27,142,250
$11.40
$11.33
'
•Based on original cost.
.
On
per
-
20
a
of common
share).
selling
ended Oct. 31,
has been charged
Corp.—Filingr—
letter of notification was filed with the SEC for 1,000
stock (no par), to be offered at market (about $14
Underwriter, L. F. Rothschild & Co,
Proceeds go to
stockholder.—V. 169, p. 210.
*
Jan.
shares
-
.
Worthington Pump & Machinery
share———
"
registration statement with the SEC
covering $2,150,000 first mortgage sinking funds bonds, series "A,"
due. 1959.
The company will invite bids on the issue.
Terms of ther
Jan. 26 filed a
company on
first
290,404
bonus
Feb. 8
on
track
—
''V.v
•
County, Ohio, to a proposed
Township, Harrison County,
„
retained in the business
year—;—.—
„__/
or
the
of
common
per
of
used
:•
•
Compensation Insur.
Workmen's
reinvested
Income
Earnings
tEstimated Federal income taxes for the fiscal year
aggregated
1948
the
income
amount
which
tained
in
JThe
of
$6,825,000,
for the
realized on
lands,
and $450,000 has been applied against
the sales of timber from the company's wood¬
paid
$5,139,976
plan
for
hourly
A
payment
of
ment
was
The
year.
balance
tax'purposes
has
business
past
payments
these
Of
been
under
service
in
of
the
of
was
or
re¬
the
policy
the
Co. —Earnings—
1948—3 Mos—1947
1948—12 Mos.—1947
has
$4,976,079
been
income
established
group
charged
to
income
retained
or
whfen
in
unamortized
charged off in the fiscal year 1947.
1,690,093
Maintenance
629,173
405,928
175,000
150,000
625,000
650,000
other
330,296
the
salaried
for
~
Fed.
than
187,777
176,773
761,881
721,774
(est.) —
195,100
88,900
400,000
310,000
Operating income
Non-operating income-
$331,750
$205,025
268
260
2,160
2,412
$332,018
$205,285
$896,500
$678,297
68,346
69,495
271,167
251,659
Income
Fed. income tax
cost of
V"
'
*
■'
$675,883
$894,340 *
Gross
Income
income
_
deductions
the
employees
„
•
for
the'next nine
reinvested
plan
$4,453,680
1,748,614
$1,520,042
revenues
expenses—__
1, 1948 to the retire¬
which is deductible for Federal
annuity
$5,059,008
300,119
$1,171,879
370,420
180,761
Operating
Operating
a
effective
which had been in effect since Oct. 1,
$572,897
to
under
company,
made for additional past
equal annual instalments over
charged
under
benefits
service
past
benefits under amendments effective "Oct.
Income
years,
for
$409,000
plan for salaried employees
1944.
reinvested
income
to
employees
paid
1948.
service
added
been
the business.
company
1,
Yonkers Electric Light & Power
Period End. Dec. 31—
Depreciation
has
amount
$6,375,000
which
year,
June
the
Total
$6,808,529
27,142,250
■_—
.
pension
debentures, due Oct.
(subord.)—_
25-year
1970
t
•
$2,990,304
——,
the business
employees' profit-sharing
ana
State
Y.
against
$1,529,212
121,194
53,445
352.228
87,599
—
A-cciued
Common
—
2
$1,541,957
deposits—129,642
_
;_r
the year
of
reserves—^
Officers'
N.
223,807
2
LIABILITIES—
?%%
declared—
declared
or
or
retained in
or
beginning
of
effi-*
of the Detroit telegraph center is three times greater
a year's work by a large force of engineers and
complete the unit which is one of the largest
in
the nationwide network of
15 high-speed switching centers fast
ncaring completion. The center at Detroit is the 11th to be installed iry
Western Union's $70,000,000 mechanization urogram.—V. 169, p. 420.
The
The
$7,222,111 $10,165,431
622,079
649,606
3,609,723
2,707,296
————
-
paid
paid
dividends
the
cities
installers was required to
The
79,602
12,877,990
$23(<531,951
center.
streamlined center features an "electrical brain""
automatically route and flash alL messages between the
towns
than
4,976,079
special charges and
—
dividends
Common
4,229,907
74.022
14,883,567
449,148
$25,944,745
communication
inauguration of West¬
telegraph
The same super-speed service also will become available be¬
tween all points within the two-state area, for which Detroit becomes
the communications hub.
1,316,496
—
1,150,427
4,582,542
high-speed
$2,000,000
Cleaning Plant—
—
after
year,
credits
2,004,575
—
Total
„
:
charged
—
for
Balance
,
1,
at Oct. 31, 1947
1948 under exten¬
in
plan, less one tenth
$4,100,613
4,369
mkt.
fProperty and plant
_
Prepaid insur. taxes and licenses—
Intangible assets
—w__
ultra-modern,
Detroit, Mich:, on Jan. 25 with the
new
automatic selective switching
in
cicncy.
of
Dec, 27,'47 Dec. 28,'46
$5,839,215
cost--
at
receivable
Accounts
g Vs %
$12,198,190 $11,481,927
serv.
paid
costs
income
to
"Jfat
9,056
hand—
on
securities
Govt,
lEst.
546,503
1,356,021
1945.
SHEETS
Dec. 25,'48
Co.—New Switching Center
service costs under pension
past
for
6,700,000
$10,842,169 $10,935,424
i
——
of timber from company's
Fed. tax applicable thereto)
—————
Release
ASSETS—
S.
year_
(less
Balance,
BALANCE
$5,431,157
plans—
Income
CONSOLIDATED
of
era
new
Union's
and
4.205,491
sales
from
Total
$0.29
.■
tf.
A
83,813
$4.63
+For 1945,
tax.
$6,104,077
important industrial area of Michigan and Indiana and
throughout the nation with vastly greater speed and
107,847
sh.
1945).
2,824,582
420.
p.
Western Union Telegraph
831,376
349,545
26,
$8,255,739
2,813,383
highly
$1,122,650
899,052
Sept.
$3,917,460
239,451
3,461,528
U,957.000
350,197
721,139
227,040
Inaugurated in Detroit—
shares in 1946
3 Includes
Cash
*
$8,028,690
248,476
$503,742
$441,315
income
169,
$8,668,984
18,101
$748,193
•:
238,668*-
charges
-V.
657.490
160,993
*u
$679,983
income
Gross
.1,687,150
*v
155,823
$730,092
25,212
income,..
Fixed
$7,&32.202
17,896
$654,771
income.
oper.
ry.
$7,137,657
117,219
•
4,344,169
6,375,000
Preferred
ture
Net
Other
$630,769
•
;
13,911
3,822,568
Income
971,614
on
719,457Va
149.192
—
Realized
349,087
com.
$519,490
incomei_
rents (Cri—'
rents (net f>r)_
fac.
administrative and other expenses
tEst'clki-ed Federal taxes on income-———
1,333,551
per
"Based
Operating
$3,712,857
$3,746,893 $44,355,044 $42.084*,543
2,413,770,2,632,346» 30,865,790 28,94^,563
779,597'"
483,778
6,851,597
5,603,77®
will
woodlands
stock
common
,
The
-
Selling,
pfd. stockpfd. stk.
$7
5V2c/c
on
$2,531,425
(net)—————
—
sion of pension
$3,685,443
<1948—Month—19471948—J2 Mos,—1947 =
which
to
surplus
earned
$2.63
$2.36
60,899,656
Past
transf.
$620,927
68,318,172
'/*
•••-*'■.
."
income
Net
173,656
$556,719 %
share—
expenses—
Jt.
1948
1947
$93,242,724 $85/989,056
459,354
213,043
-
-
—-
income
other
$794,582
$93,702,078 $86,202,099
Unamort.
'
ACCOUNT
Oct. 31—
income
tCharges
2,300,000
180,793
2734.
revenues——
Net
products sold incl. wages, materials, etc.
"Deprec. of plant and equip, and depletion of
1,790
2,317,000
(est.)
P.
Taxes
Report—
Paper Co>—Annual
$3,167,584
3a6 234
debentures
on
on
$4,423,591
343,380
——
tXnterest
•>
Operating
-
-
woodlands
Prem.
•
sales
Total
167,887
income
2332.
P.
Cost of
$2,999,697
628,530
Other
%
185,114
%
stock
__—
per
168,
ern
817,957
and
214,200
$741,833
Operating
of
CONSOLIDATED INCOME
825,548
Oen.
168,
Years Ended
14,500,957
1,572,027
$975,381
Western Maryland Ry.—December Earnings Lower—
Co.—Weekly Output-
West Virginia Pulp &
41,103,678
16,066,587
2,400
$956,033
2—
—
_
preferred
on
—V.
arrived
18,625,399
$972,980
2,329
—„——__——
Income
Earnings
417,998,833
9,540,216
168, p. 1946.
output
Miscellaneous
56,232,239
income
Equipment
ACCOUNT
20,016,290
Depreciation
$71,652
—
Co.—Plans Financing—
The directors on Jan.
26 approved a financing plan for its 1949
construction program.
The plan Includes $10,000,000 of new* first
mortgage bonds and $5,000,000 of new preferred stock, to be sold
through competitive bidding, and approximately $2,000,000 to be ob¬
tained by the sale of additional common stock to The West Penn Elec¬
tric Co. (parent) and to
the public holders of outstanding common
stock against the exercise of subscription warrants.
Present plan Is
to open bids for the bonds and preferred stock on or about March 3.
sell,
&
advertisng
4,073,903
other deductions——2__
and
Dividends
West Penn Power
Net
57,991,813
sold
deliv.
incl.
.4,628,129
1,701,192
the electric properties of this company for the
week ended Jan. 22, 1949 amounted to 118,849,000 kwh., an increase
of 10,05%
over the output of 107,996,000 kwh. for the corresponding
week of 1948—V. 169, p. 420.
: .
■..
Dec. 27, '47 Dec. 28, *46 Dec. 29, '45
Dec. 25, *48
Interest
$1,772,844
1,712,075
$152,921
*$290,484*- , $407,223
(kwh.)— 114,562,950 108.729,552 443,103,137
(M cu. ft.)
2,202,081
2,152,237 10,744;251
of gas
power
$86,072,667 $80,547,804 $70,528,129 $60,247,837
—
,
goods
of
$2,110,298
430,373
West Penn Electric
1949 and succeeding years."
52 Weeks Ended—
1947
$5,046,883
$953,704
Period End. Dec. 31—
High—
,
INCOME
1948
—w—
income
Balance
principal
$200,000
that
CONSOLIDATED
of
$139,889
elec.
Sales
wefeks of the
52
these debentures in
cxps.,
10,715
438,497
income.
Net
of
amount of debentures were re¬
deemed and retired on Oct. 4; 1948, Mr. Russell said that "The directors
lope that operating results will permit of some further retirement of
Cost
$1,743,711
27,133
$2,108,583
0,666
,,
$591,418
deductions
Income
It will file a petition to
the
for
sales
plies.
Reporting
Cost
$133,223
total
a
$5,581,833
income
operating
Non-operating
140,000
certified public
fiscal year, ended Dec. 25, 1948
increased to a record high of $86,072,667 compared with $80,547,804 for
the 52 weeks ended Dec. 27, 1947, with the rise reflecting larger dollar
end volume sales of Tip-Top bread, Faris R. Russell, Chairman of the
Board, said Jan. 21 in the annual report to stockholders.
While sales of Tip-Top bread increased last year, demand for Ward
cake products for most of 1948 continued the somewhat lower trend
of 1947, Mi\ Ru§sell reported, adding, however, that "with the holiday
jseason there was a gratifying increase in our cake sales volume."
'
Working capital of the company as of Dec. 25, 1948 showed only a
nominal increase over 1947,, because of 1948 addition to property and
plant of $3,344,329, which, after application of the year's provision for
the relatively low allowed depreciation and for other related
items,
resulted in a net increase for the year in the property and plant ac¬
count of $2,005,577, according to the report. Inventories of raw ma¬
terials, products, and supplies were down $1,122,860 compared with a
year earlier, reflecting the readier availability of ingredients and sup¬
Net
Net
<
with
Light & Telephone Co., Inc.—Earnings—
Western
11 Mos. End. Nov. 30—
preciation
•
month
top
Operating revenues
,*
Operating expenses (incl. income taxes and de¬
3,194*378
*1.831
1948's
was
when
1947,
Net
•Net loss.—V.
Net
December
that
said
carriage of 377,447, for a 60%
jump over Decem¬
235,928 pounds were hauled.
.
The company also reported a marked upswing In freight pound miles
flown in 1948 with a total of 1.453,512,089 pound miles representing
a 55%
increase over 1947's total of 938,501,842.—V, 169, p. 210.
ber,
2,400,000
income--
Gross
New York 8tock
Baking C©v—1948 Sales Hit Ail-Time
Ward
,
*
approximately 25,000 shares
intervene in the proceed¬
before~the Federal District Court at Boston.—V. 169, p. 210.
holders
represents
stock.
common
Lines, Inc.—Establishes New Record—
pound
{3,344,295
$586,787
27,142,250
$73,385,705
flown.
were
freight
642,254
%.
30,422,958
business—
the
in
Smith,
Smith
Mr.
air
2,056,559
130,000
27,836,341
record
in air freight poundage hauled was
in 1948, it was announced on Jan. 21
Cargo Traffic Manager....
■
/•
For the* 12-month period 3,562.406 pounds of air freight were carried
by the company, representing a 44% increase over 1947 when 2,467,150
2,212,205
(
14,435,700
this corporation
by
2,100,000
(est.)_
income—
shares)—
par
company
by. Arthur C.
pounds
15,920,573
.*
committee
The
of
V
616,000
income
Nonoperatlng
formed to represent common stockholders.
It* consists of Dr. Clarence W. Fackler, assistant dean of the Graduate
School of Business Administration of New York University;
Morris
no
retained
or
Air
all-lime
An
and
790,404
13,646,400
27,836.341
—
$100)
(par
1736.
p.
Gross
been
has
committee
168,
Western
639,859
eral income
Stockholders Form Group—
A
-V.
935,703
tax
113,727
500,000
$75,845,652
525,000
.income
162,402
25,761
payable Nov.
Total
13,384,849
Fed¬
than
$2,904,381
153,522
(902.432
reinvested
Income
621,646
Depreciation
Taxes, other
Fed.
stock
4,397,502
Maintenance
$3,260,670
15—
stock,
;
stock
4,725,949
Operating expenses-
$73,385,705
(less U. S. Treas. tax notes)
preferred
—
Common
$6,428,838 $23,279,932 $25,457,221
Oper. rev. deductions:
.
681,265
37,995,499
liabilities^.
aecrued
and
on
Preferred
1 Mos,—1947
1948—
1948—3 Mos.—1947
39,009,104
and depl.
at cost less depr.
tax prov.
inc.
Reserves
,,
$7,395,085
Operating revenues
committee are Percy G. Crocker, Chairman; William
-J.
Hudson and Charles Rose.
The committee, it is said, represents
more than $500,000 of the $3,881,040 debentures outstanding.
Counsel
for the committee are Harold P. Seligman, Larue Brown and T. Field.
payable
Dividend
Lighting Co.—Earimgs-
Period End. Dec. 31—
'••*'•'
the
Heading
Accounts
789.
Westchester
income
represent their interests in
to
<•'
/
,
..
Committee for Debentures
committee
p.
the trustees and a counter-proposal made by
also be acceptable" to the Federal Court
by
Tacoma,
are
7,882,648
658,690
$75,845,652
Fed.
Co.
Power
7,851,000
un¬
LIABILITIES—
remaining assets consist of its manufactured
its holdings of all of the common stock of
The principal cities served by Washington
Olympia, Everett, Aberdeen and Chehalis. Wash.—V. 168,
Utah
Southern
11,191,882
1,051,717
prepaid cxps., allocable to future opers.
securities, segregated for expendi¬
Total
business and
utility
i gas
a
25, which would
interested parties.
the RFC Jan.
'•
3,787,407
893,555
on
Property and plant,
allowed and for construction and other
,
,
' '
'
' ' f'
1
: ' ^ V
are
V
3,835,190
estimated doubtful accounts—v
properties, at amortized cost
Investments, including securities deposited
der Workmen's Compensation Acts—1
Washington's principal
regional manager of the RFC, met
reorganization plan for the company.
Ouch
a
plan, stated Judge Jacob J. Kaplan, one of the trustees,
should
be
completed lor presentation to Federal District Court at
Boston Feb. 7, or possibly a few days before.
The conferees must work out a compromise between the reorganiza¬
and
work
to
26
'■
corporate purposes.
for such final bankruptcy
$10,372,146 $10,795,287
498,730
/
;:
-
-
Govt,
S.
tures
will provide
1947
1948
—:
.±—
OCT. .31
'
,
.
12,727,237
established
reorganization expenses as
Compromise-
Conferees to Work Out
Trustees
Jan.
U.
for issuance of secured
borrowing
$150,000
The
,
_i_——_
bills
Treasury
Insur. &
1941,
of fractional shares.
lieu
RFC
•
Inventories
rejected by the Commission be¬
debt by the new com¬
pany.
Under the amended plan, the capital structure of the reorganized
company will consist of common stock and $150,000 of unsecured notes.
The present preferred and common stocks of Washington receive no
participation in the reorganization. v
>
The new stock of Washington and
the common stock of its sub¬
sidiary, Southern Utah Power Co., are to be distributed 99.223%
to
holders of
general mortgage bonds of Washington having a claim
(exclusive of interest during bankruptcy, of $1,024,283) of $1,985,610
and .77%
to its general creditors having claims (exclusive of interest
during bankruptcy of $9,6891 of $15,559.
Under such distribution,
93,870 shares of Washington common and
62,580 shares of Southern Utah common are to be distributed to the
bondholders.
This is at the rate of 30 shares and 20 shares, respec¬
tively, for each $1,000 face amount of bonds, on which the claims have
been reduced to $634.58 by partial payments.
For the general credi¬
tors, the-distribution involves 651 shares of Washington common and
434 shares of Southern Utah common, plus a total of $1,768 cash in
and
BALANCE SHEET, ;
'
•
^
S.
Receivables,' less
plan previously had been
its provisions
of
cause
said the trustees had submitted to the Re¬
Corp. a plan for reorganization of the company.
J.
Finance
construction
tsy
at
Waltham
officials discuss plans
RFC
He
Journal,,"
Street
of
in September,
earlier
An
Reorganiza¬
tion Plans—Both Call for Large Loan From Agency and
Equity Financing From Citizens; Workers—
The
U.
amended plan for reor¬
approval of the
25 announced
Jan.
commenced
Co.—Trustees, RFC Offer
Waltham Watch
Cash
ganization filed by Its trustee, Nathan A. Smyth.
The plan now will be filed with the U. S. District Court for the
Southern District of New York, where reorganization proceedings were
Feb.- 10,
cabooses.—V.
steel
25
The SEC
trust
(EDTl,
a.m.
"
ASSETS—
Plan—
Amended
The company Jan. 26
equipment
Approves
C».—SEC
Electric
&
CONSOLIDATED
•
.
Gas
Washington
1949
Monday; January 31,
CHRONICLE
FINANCIAL
&
Net
income
Sales of electricity
—V.
168, p. 1946,
—
(kwh.)
$263,672
30,646.215
$135,790
$625,333
$426,633
29,335,563 119,046,117 112,604,798
'*'
1
%
..
Volume 169- 'Number 4773
COMMERCIAL
THE
CHRONICLE
FINANCIAL
&
1341)
57
CITY DEPARTMENT
STATE AND
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
geles, Paine, Webber, Jackson & Jan. 25 were awarded to a syndicate
Curtis, Security-First National composed of the Bank of America
Bank of Los Angeles, and William National Trust & Savings Associa¬
Bond
Maricopa County School Districts
(P. O. Phoenix), Ariz.
Bond Offering — James E. DeSouza, Clerk of the Board of Su¬
R.
receive
pervisors, will receive sealed bids
until 2 p.m. (MST) on Feb. 7 for
2V2s, and $200,000 2%s, at a price
of 100.05, a basis of about 2.62%.
Jefferson County (P. O.
Birmingham), Ala.
Offering: — W. D. Kendrick, County Commissioner, will
auction
(CST)
Feb.
on
chase
of
bids until
for
15
$447,000
10
a.m.
the
bonds,
pur¬
divided
follows:
as
$198,000
vided
Court
House
and
$48,000
72,000
March
March
1, 1958.
1,
1949.
Due
Dated
April
$4,000 April
1,
1956 to 1958.
48,000
Refunding bonds. Dated
April
1,
1949.
Due
$3,000
April 1, 1954 to 1969.
109,000 Refunding Road bonds.
Dated
April
1,
1949.
Due
April 1, as follows: $5,000 in
1950
to
1966,
1967 to
bonds.
and
$8,000
in
1969.
School
$4,000
Due
1, 1949.
Denomina¬
cessful bidder will be
The
required to
a
ings Association, of San Francisco
by
such bidder.
cashier's
amount
of
attorney
Delivery to be made
Phoenix.
at
the
Enclose
check
certified
a
for
5%
or
issue, payable to
the County Treasurer.
:
funding bonds.
1949.
Due
$4,000
in
1955
follows:
as
to
1958,
$5,000 in 1959 to 1969.
•
All
bonds
maturing
years from their date
able
on
and
after
are
10
of
option of the County
interest payment date on
months interest at the rate borne
fey the bonds.
sold
are
proval
invited
are
All
subject to the
ap¬
of
Storey,
Thorndike,
Dodge, of Boston. A de¬
Palmer &
posit
Bidders
the rate of interest.
name
of
2%
is
required
of
all
bidders.
Montgomery
Housing
Authority,
Note
1949. Second high bid of
$32,000 2V2s and $32,000 2%s was made by the William
Staats
R.
000
temporary loan notes has been
sold
the
to
Girard
Trust
Co., of
Philadelphia, at 1.05% interest, as
Jqllows:
*
Dated
Feb.
23,
1949
and
due
Sept. 2, 1949.
>
Offering:—Benj. Burgess,
the Board of
Supervisors,
Clerk of
rwill
receive
(MST)
p.m.
sealed
bids
until
Feb. 7 for the pur¬
on
July 1,
1950
and
in
1955
as
Denom. $1,000.
follows: $14,000 in
$15,000
1953 and
and
bonds.
coupon
1951,
$16,000 in
1960,
in
1952,
in
in <1963,
1961
and
in
Fremont Hospital District,
.21,
These bonds
an
1948.J All
County (P.
Mariposa), Calif.
Mariposa
legal
County (P.
the
purchasers at the
.be
*
'<•.
District."
.
required,
of
bonds.
Enclose
Will'
certified
a'
cashier's • check-for
amount of the
expense
ity-First
Jan.
basis
*
5% iof
of
.
not
to
registered bonds.
Dated Dec.
will
made
be
bidder
office
the
at
as
to
the
successful
County Treasurer's
as
soon
the bonds
which
•
:
to the
it
at
of
a
of
Los
price
about
of
2.42%.
for
2V2s, at
El
Bond
was
Weeden & Co.,
price of 100.59.
a
Segundo, Calif.
Sale—The
bidder
a
without
certified
charge.
of
1
from
1
bonds
The
dated
are
Feb.
1,
second
highest bidder
Smith, Barney & Co., North¬
ern Trust
Co., of Chicago, Weeden
& Co., of San Francisco and Wil¬
was
R.
Staats
Co., jointly, for
$1,200,000 2s,
and
$675,000 214s, at a price of 100.05.
4s;
CONNECTICUT
Meriden
sealed
on
Note
Housing Authority, Conn.
$122,000 tem¬
Sale—The
Feb. 1
value of the bonds bid for, payable
Co., of Hartford. Enclose
to the Board of
fied
Union
Lakeside
San
School
to
the
District,
the
Portola
Elementary School District,
Mateo County (P. O.
City), Calif.
San
offered
Jan.
24—v.
169,
p.
421—were awarded to the William
R. Staats Co., and
both
of
294s, at
of
jointly,
Angeles,
2.73%.
dated Feb.
$650,000 water
for
cancelled.
building bonds,
1, has been
Feb.
.;
Union
Sch.
Dist., Kern
County (P. O. BakersReld), Calif.
Bonds Sold—The $100,000 con¬
Weeden
&
Co., of San Francisco,
a price of 100.07. The
IV2S, at
as
bonds
in
are
$1,000,
and
denomination
a
19
—
Trust
169, p, 151
v.
to
were
syndicate composed
a
Bank of
&
—
25, 1949 and mature
on
1950
to
sive.
Second
high
bid of 100.076
1969
Old
Savings
River
Sch.
inclu¬
Dist., Los Angeles
from 1949 to 1953 incl.
Calif.
Bond
Weeden & Co., both of San Fran¬
Sale—The
J. Barth & Co., Kaiser & Co.,
214 s,
as
Levy
net
as
.
interest
&
a
and
Co.,. all
of
fornia
San
Williams,
&
Juran &
price of 100.05,
cost
of
about
a
2.57%,
follows:
$57,000
build¬
on
on
Feb. 1 from
1957 to 1975 inclusive.
80,000 294s. Due
on
Dated Feb.
&
,
-
a
price of 100.152,
1949
and due
1951
to
1969
bid
of
made
by
the
on
Feb.
inclusive.
100.12
a
Dated Feb.
for
William
from
1
Second
294s
R.
was
Staats
Co., and Redfield & Co., jointly.
.
1, 1943; The second
was
294sfat
.
Feb." 1 from
1976 to 1979 inclusive.
Moody, of St Paul, joint¬
high
Feb. 1 from
1950 to 1956 inclusive.
395,000 2V2S. Due
as
Bank, of Los Angeles, and
basis of about 2.73%.
1,
$175,000 294s.; Due
highest bidder
ly,
R. H. Moulton
Co.;; California Bank, Los An¬
Oram« County School Districts
(P. O. Santa Ana), Calif.
-
'
Bond
Jan.
on
Dated Jan. 1, 1949.
1
from
1950.to 1963
inclusive.
DELAWARE
Wilmington
Authority,
Housing
Delaware
Notes Sold—The $1,701,000 tem¬
*
at
approved
were
price
a
basis of about 2.24%,
a
Dec.
15
&
from
loan
notes.
sold
were
16th
series
follows:
as
$1,000,000 notes were awarded to
Boland, Saffin & Co., of New
York, at 1.07% interest, plus
a premium of $2.50.
701,000 notes were awarded to
as
169,
v.
to
of
as
247,
p.
legality
by
Chemical
The
notes
Sale-—The $150,000 Mag¬
nolia School District bonds offered
1949
1971
to
were
posed
Sale-The
Glore,
a
p.
52—
syndicate
com¬
Forgan :&
First National Bank, of
B.
J.
Van
Gibbons &
$2,250,000
series A bonds
25—v. -169,
awarded to
of
Ingen
Co.,
Portland,
& Co.," Geo.
B.
Co., Inc., both of New
York, Robert W. Baird & Co., of
Milwaukee,
Feb. 23,
Sept. 16, 1949.
FLORIDA
inclu¬
San Diego, Calif.
Jan.
Trust
Myers, of Los An¬
water works, 1949,
offered
&
dated
are
1949 and mature on
Pinellas
Certificate
Bond
Bank
Co., of New York, and Asso¬
ciates, at 1.09% interest.
sive.
4
Lawson,
Due
the
Angeles,
421—were awarded to the Cali¬
p.
421—were awarded to
p.
geles. Dated Feb. 1, 1949. Due on
cisco, John Nuveen & Co., of Chi¬ ing bonds offered Jan. 25—v. 169,
cago,
169,
Moseley & Co., of New York,
114 s, at a price of 100.82, a basis
porary
O'Melveny
County (P. O. Los Angeles),
Association,
Conn.
F. S.
19
on
Angeles County (P. O. Los
Angeles), Calif.
Bond Sale Details—The $70,000
school bonds purchased by the Se¬
curity-First National Bank, of Los
are
25 from
America National
—v.
of
April
due
are
basis
a
to
Rowland Union School District, Los
bonds
ine
certi¬
Bond Sale—The $700,000 school,
of about 1.41%.
Rosedale
a
payable
issue of 1949 bonds offered Jan. 24
as
.
as
Feb.
'
$100,000
sale
Redfield & Co.,
price of 100.154,
a
the
Cancelled—The
$4,000,
City.
notes
Los
about
Sale
for
Wethersfield,
Redwood
Bond
check
struction bonds have been sold to
Diego County (P. O.
San Diego), Calif.
Bond Sale — The $42,000 school
bonds
Supervisors.
cashier's
or
for
$5,000, payable
County Treasurer.
Secur¬
1950 to 1974 inclusive, The second
highest bidder
the
./;<.
Board
be
can
is
estimated
will be about March 1, 1949. The
prepared,
p.
Dated Jan. 1 1949. Due Jan. 1 from
or
bid, payable to the
./County'< Treasurer.
169,
Bank,
2V2S,
as
a
building
18—v.
National
Angeles,
hot
provide ;,J>lank
to
$150,0000
100.82,
approving
Purchasers
of
interest hospital, issue
previously noted in
Linton,
final
purchase
check
awarded
Francisco, at
whose
the
Enclose
Santa Ana), Calif.
offered
151—were
\
District, Orange
Bond Sale—The $150,000
bonds
by Gust, Rosenfeld, Di-
have
&
Ruby E. Mer¬
—
rill, Secretary of the Board of Di¬
rectors, will receive sealed bids
until 11 a.m. (PST) on Feb. 1 for
made by John Nuveen & Co,
Aug.
Dis-
District
receive
(PST)
Jan.
proceedings
issue
will
a.m.
1962,
author¬
on
School
the
of
1964,
legal opinion will 4>e supplied to
•the
O.
Schwabacher
this
velbess,. Robinette
'Phoenix,
held
Offering
O.
scheduled
been
•relating- to
prepared
were
election
Feb.
on
Feb.
on
porary loan notes offered Jan. 27
$398,000 not to
—v. 169, p. 421—were awarded to
building bonds. the
Home National Bank & Trust
Dated Feb. 1, 1949. Denomination
Co., of Meriden, at 0.78% interest,
$1,000. Due Feb.
1, as follows:
plus a premium of $3.00. Dated
$10,000 in 1950, $11,000 in 1951,
Jan. 31, 1949. Due April 24, 1949.
$12,000 in 1952 and 1953, $13,000
in 1954 and 1955, $14,000 in 1956
Norwich, Conn.
and 1957, $15,000 in 1958 to 1961,
$16,000 in 1962 and 1963, $17,000 in
Bond Offering—Alexander Jor¬
1964 and 1965, $18,000 in 1966 and dan, City Treasurer, will receive
1967, $19,000 in 1968 and
1969. sealed bids until noon JEST) on
$20,000 in 1970 to 1973, and $19,- Feb. 2 for the purchase of $200,000
of
1967,- $26,000 in 1968, and $28,000
at
Due
Due
1973 to 1979 incl.
Emmet G. Mc-
—
Clerk
for $20,000 2V2S and $22,000 3s was
County Treasurer's
1, from
exceed 5% interest
successful
of the
be made at the
Feb.
on
1955 to 1972 incl.
All the
1948.
works, 1948 series 1 bonds offered
Delivery to
of
for the purchase of
John C.
said bonds will be furnished to the
awarded
-in 1969. s-Interest J-J.
bid
a
cost
follows:
as
214s.
from
liam
Supervisors,
2.24%. Dated Feb. 1, 1949. Due on
Angeles, jointly, as 214 s, at a
of
par,f a
basis of about
1954r $17,000
$23,000
1,350,000
525,000 2s.
Monterey County (P. O.
Salinas), Calif.
Menamin,
on
interest
net
a
$375,000 4s, Due
Co., of
price of
a
School
Bond Offering
legal opinion of Orrick, Dahlquist,
Neff & Herrington, of San Fran¬
cisco, approving the validity of
1956, $18,000 in 1957,
$21,000
office.
American
Co., of San Francisco, Se¬
curity-First National Bank of Los
Angeles, and Weeden & Co., of
$24,000 in 1965, $25,000 in 1966 and
ized
the
to
Trust
$19,000 in 1958 and 1959, $20:000 in
$22,000
awarded
were
100.88,
school
Dated Jan. 1, 1949.
Due
The $500,000 con¬
improvement bonds
169, p. 151—
24—v.
1
chase of $400,000 not to exceed 4%
interest
—
and
Jan.
Buena Park School
Apache County High Sch. Diet.'
(P. O. Saint Jrhns), Ariz.
Bond
offered
Feb. from 1950 to 1969 incl.
ARIZONA
.
—
Bond Sale
struction
Los
950,000 26th series notes.
at
Pacific Grove Unified School Dist.,
price
$345,000 25th series notes.*
Philadelphia,
2.18%,
.
bonds.
bids until 11
Co.
of 1948 coupon or
The $210,000 tem¬
were
,
are.f dated
for
100.001
about
15, 1948. Denomination
000 in 1974.
porary loan notes offered Jan. 12, $1,000. Due $15,000 Dec. 15, 1951
Principal and inter¬ sewer,
series
of
1947
coupon
were
awarded
to
the
Chemical to 1960. Principal and interest (J- est (F-A) payable at the County bonds.
Dated Nov. 1, 1948.
De¬
Bank & Trust Co., of New York, D) payable at the County Treas¬ Treasurer's office. The bonds will nomination
$1,000.
Due $10,000
and Associates, at 1.20% interest. urer's office. Bidders must specify be delivered at the County Treas¬ Nov. 1, 1949 to 1968.
Bidders to
Dated Feb. 8, 1949 and due Aug. the
A satisfactory legal name one rate of interest in a mul¬
rate
of
interest which
the urer's office.
bonds shall bear. Bidders will be opinion approving the legality of tiple of 1/10 or V4 of 1%. Payable
12, 1949.
permitted to bid different rates of the bonds will be furnished with¬ at and certified by the HartfordCALIFORNIA
interest and to split rates irrespec¬ out charge to the successful bid¬ Connecticut Trust Co., of Hartford.
tive
of
the
maturities - of
said der.. These are the bonds author¬ Subject to the legal opinion of"
Antioch-Live Oak
Unified School
bonds.
The interest rate stated ized at the election held on Dec. Day, Berry & Howard, of Hart¬
District, Contra Costa County
in the bid must be in a multiple of 14,
1948. Enclose a certified or ford. Delivery about Feb. 17, 1949,
(P. O. Martinez), Calif.
14 of 1%. Delivery of said bonds cashier's check for 10% of the par at the Hartford-Connecticut Trust
Alabama
Notes Sold—An issue,of $1,295,-
Sale
bonds
the
exceed 5%
Housing Authority Ark.
the
at
any
feonds
White and Woodruff Counties
redeem¬
or after
10 years from their date
at par and a premium
equal to 12
"to
Conway, Faulkner, Lee,
Lonoke,
Monroe,
Perry Phillips,
Pope. Prairie, Stone, Van Buren,
$320,000
day
Elementary
trict bonds.
100,000
High
March 1,
Bond
Cleburne,
same
Chicago, as 2V4S,
100.54, as follows:
1962 to 1969 inclusive.
All
ARKANSAS
Dated May 1,
May 1,
The
—
awarded to John Nuveen &
$220,000
of
reflecting
1950 to 1954 incl..
Sale
the
on
Bros.,
$375,000
32,000 2V2S. Due on March 1 from
71,000 Court House and Jail Rev
Williams,
&
1950 to 1961 inclusive.
the
of
each
of
price of 100.23, a net interest
follows:
fered
$32,000 2%s. Due on March 1 from
certified
of the transcript of the pro¬
ceedings so that the same may be
upon
a
cost of about 2,55%, as
copy
passed
169,
v.
suc¬
furnish and pay for the printing of
the bonds.
The successful bidder
will be furnished with
—
of America National Trust & Sav¬
at
Dated Jan.
24
Levy
Francisco, Redfield &
Co., of Pasadena, and C. N. White
& Co., of Oakland, as
214s, at a
Placentia School District bonds of¬
$64,000 building
Jan.
offered
Lawson,
both of San
Additional
247—were awarded to the Bank
p.
tion,
price of 100.49.
(P. O.
Calif.
Jose),
Bond Sale—The
bonds
Santa
District,
Clara County
79
July 1, 1950 to 1967.
Due
Court House and Jail Re¬
No.
High
tion $1,000. Interest J-J.
funding bonds.
1,
1949.
District
Litchfield
District
1968, and $8,000 in 1969.
3,000 Refunding
Road
bonds.'
Dated
School
bonds. Due $4,000 July 1, 1950
to 1961.
bonds. Dated
Due March 1,
$10,000 in 1950 to
follows:
12.000
School
Jackson
bonds, di¬
follows:
as
San
Old
Jail Refunding
March 1, 1949.
as
the purchase of $120,000 not to ex¬
ceed 4% interest coupon
Co., jointly, for $450,000
Staats
Co., of Philadelphia, Weil, Roth &
Irving Co., Breed & Harrison,
of Cincinnati, and
Buckley
both
Detmer
&
Co.,
of
Park,
Offering
Fla.
—
Marie
Remington, Town Clerk, will re¬
ceive" sealed
bids
until
8. p.m.
(EST) on Feb. 14 for the purchase
of
$150,000
not
interest water
to
exceed
revenue
registered certificates.
1,
Due
1949.
L
as
or
Dated Jan.
Denomination
Jan.
414%
coupon
follows:
$1,000.
$3*000 in.
1953
to
1958, $4,000 in 1959 to
1964, $5,000 in 1965 to 1969, $6,000
1970 to 1974, $7,000 in 1975 to
in
.
1978, and
tificates
$25*000 in 1979. The
maturing
on
and
cer¬
after
Chicago, J. R. Williston & Co., of
Jan. 1,1960. are redeemable at tine*
New
option of the-.. Town
York,
Watling,
Lerchen
&
Co., of Detroit, E. Lober Stokes &
in part,
as a
whclr,
or
in the inverse numerical
58
order
date
on
on
interest
any
value
if
redeemed
on
purchase
before
or
Jan.
of
thereafter but
1974,
or
deemed
before Jan.
or
on
premium of 1%
a
thereafter
prior
if
to
1,
re¬
or at the holder's option at
Union Trust Co., St. Peters¬
City,
name
tificates
shall
bear
expressed
1/10
or
as
at
2V4S,
purchase them at, the lowest rate
of interest and to pay
the
and
1%
will
certificates
awarded to the bidder
of
lU
be
offering to
therefor the
Kansas
1,
No. 31 bonds
25
by
of
decree
of
Court
their
Pinellas
Caldwell, Marshall, Trimble
&
Mitchell, of New York City, whose
approving opinion will be fur¬
nished to the purchaser without
Enclose
S
certified
a
cashier's check for 2%
the
Chicago Sanitary District, III.
Sale
The $6,525,000
1949 corporate purpose tax antici¬
pation warrants offered Jan. 27—
Warrant
—
169, p. 422—were awarded to a
syndicate
composed
of Halsey,
v.
Stuart &
Co., Lee Higginson Corp.,
Blair
John Nuveen & Co., William
(P. O.
County
100.55,
1
nomination $1,000.
from
Fort
ing
Brandon
of
& Co.,
The
approv¬
of Peck, Shaffer &
Cincinnati, will be
Enclose
a
certified
furnished.
Kebbon, McCormick & Co.,
Iowa
Corbett, Bacon,
Bond
Offering—Bertha
Wil¬ check for $1,300.
Whipple & Co., Julien Collins & liams, Secretary of the Board of
Co., Paul H. Davis & Co., and Sills, Directors, will receive sealed and
Glasgow, Ky
Minton & Co., all of Chicago, at
Bond Sale—The $400,000 water
open bids until 8 p.m. (CST) on
1%% interest, plus a premium of Feb. 3 for the purchase of $94,- and sewer revenue bonds offered
$3,849.75..
800
2y2%r semi-annual,
school Jan. 25—v. 169, p. 422—were
building bonds. Due serially over awarded to the Equitable SecruiDu Page County School District
a
period of 20 years. ,These are ties Corp., of Nashville, at a price
No. 78 (P. O. Naperville), III.
of 102.088, a net interest cost of
the bonds authorized at the elec¬
Bonds Sold—An issue of $250,- tion held on Dec. 2, 1948., A cer¬ about 2.89%, as follows:
000 school bonds has been sold to
tified check for o% of tne amount
$30,000 4s.
Due on May 15 from
the First National Bank, of Chi¬
bid is required.
1952 to 1955 inclusive.
Martin,, Burns &
cago, at 2s, at a price
basis of about 1.98%.
1949.
15,
to
1951
Due
of 100.16, a
Dated Jan.
15 from
Legality
Nov.
on
inclusive.
1968
by Chapman & Cutler,
Chicago.
The second highest
approved
of
bidder
Trust
Northern
the
was
Co., of Chicago,
price of 100.94.
2JAs,
for
at
a
Franklin Consolidated Independent
District
(t*.
U.
President, will receive sealed bids
(CST) on Feb. 11
for the purchase of $300,000 school
building
bonds.
Denomination
$1,000.
Due Dec. 1, as follows:
$10,000 in 1949 to 1953, $15,000 in
1954 to 1963, and $20,000 in 1964
will be received until 7:30 p.m. to 1968. Bids will be accepted for
(CST) on Jan. 31 for the purchase the entire issue only and for cash.
of $730,000 tax anticipation war¬ Bidders shall specify the interest
rants.
Dated approximately Feb. rate and attention will be given
lowest rate.
Delivery within 40
10, 1949.
Bonds Sold—The
$106,000 water
works maintenance and extension
bonds have been sold to
revenue
Clinton), La.
the White-Phillips Co., of Daven¬
Details—The $45,000
Sale
Bond
jail bonds purchased by Weil
or
bidder.
Enclose
&
1.79%,
as pre¬
sold
were
at
v.
168, p. 2484—
price
a
of
par,
as
Authority,
III.
Notes Sold—An issue of $882,000
temporary
sold
to
the
Girard
has
Trust
been
of
Co.,
remodeling
bonds
23, 1949 and due Sept.
of
3s, at
about
from
a
1949 to
Due
on
the
Dec.
1
Due on Dec. 1 from
1952
to
inclusive.
15, 1949.
'
■
■
.
Syndicate
Members
—
to 1953 inclusive.
Second
highest bidder
was
Bar¬
Consolidated
Ville
Other
of
Co.,; both of New York,
City National Bank & Trust Co.,
of Kansas City, Coffin & Burr, of
New York, Julien Collins & Co.,
of Chicago, Commerce Trust Co.,
of Kansas City, William R. Compton Co., of New York, Charles E.
Jr., of New Orleans,
Co., of Atlanta,
&
Derbes, G. Price
Corrigan,
Courts
&
Courturier
of New
of New
York, Dempsey-Tegeler ^ Co., of
St. Louis, Detmer & Co. of Chi¬
cago,
R.
S.
Dickson
&
Co.,
Eldredge & Co., both of New
York; :
Crane,
John
Orleans,
,
bonds
Plate),
La.
all
Dane,
&
Darby
offered
Jan.
25—v.
422—were awarded to
Co.,
of
169,
tional
of New York, Glas & Co.,
Graham, Parsons
G. C. Haas & Co., Hannahs,
& Co.,
Ballin
&
of
Haupt
Ira
Lee,
New York,
of
Co.,
&
S! Hecht &
Hemphill,
Orleans,
New
Hi-
of New York,
Co.,
&
R.
bernia National Bank of New Or¬
of
Boston, Robert
Woolfolk
&
Orleans.
R.
& Stubbs,
Wolfe, and
Shober, both of New
^^
■
New Orleans
f
• r
Housing Authority,
Louisiana
Notes Sold—An issue of
$3,186,loan notes has been
000 temporary
sold to the Chemical Bank & Trust
Co., of New York, and Associates,
at 1.09% interest.
Dated Feb., 23,
1949 and
due Sept.
16, 1949.
MAINE
Portland, Me.
The
Hornblower
York,
&
Howard,
of
Weeks,
Labouisse,
Friedrichs & Co., of New Orleans;
Illinois
p.
Chicago, Kean,
of
Co.,
Taylor & Co., Kidder, Peabody &
Woody
&
A.
denomina¬
in
be
in
submitting bids the denominations
desired should be stated. Due Oct.
7,
in anticipation of
1949. Payable
Issued
1949.
taxes
for
the
year
Bank of Commerce
at the National
of Portland, or at the
First Nation¬
the Guar¬
al Bank of Boston, or at
anty Trust Co., of New York City.
The notes will be ready for deliv¬
ery on or
about Feb. 1, 1949, either
Portland,
Boston,
or
and will
genuineness and
validity by the National Bank of
Commerce of Portland, under ad¬
be certified
as
to
vice
of Ropes, Gray, Best,
idge & Rugg, of Boston.
Cool*
Co., both of New York, Lamar &
Cincinnati,
will
notes
tions to suit the purchaser and
MASSACHUSETTS
Kingston, of New Orleans, Laid-
■
•
Township (J. O.
Wood River), IIU
Bond Offering—Sealed
bids will
be received until 7:30 p.m.
Jan.
31
the
for
hospital
$350,000
Feb. 1, 1949. Due
(CST)
purchase
bonds.
of
Dated
Jan. 1, from 1951
to 1968 inclusive.
Bonds
Sold—An issue of $270,-
000 hospital
bonds has been sold
the Harris Trust & Savings Bank,
Jackson, Martin, Burns & Corbett,
Trust
Co.,
Seasongood
Moines Na¬
Weil,
Co., of Des
Cincinnati, at
Moines,
and
the
White-Phillips
at a
are
dated
interest
cost
Feb.
1,
1949.
Mayer,
a
of
price of
about
Due
Advance, Ind.
Caldwell,
e r
Town
i
n
g—Richard
D.
Clerk-Treasurer,
$6,000 Nov. 1, 1949 and May
and
Nov.
1,
1950 to
1955, $7,000
May and Nov. 1, 1956 to 1958, and
and
the
par, a
2.884%,
net
as
Due on Feb. 1 from
1951 to 1954 inclusive.-
Feb. 1 from
1955 to 1964 inclusive.
180.000 3s.
1965
Co., Lehman Bros,, both of
York,
S.
J.
Love
of
Co.,
Chicago, Fred J. McCormac, of
New
Orleans, McDonald & Co., of
&
McDonald-Moore
Cleveland,
Co., of Detroit, McDougal & Con¬
Merrill
Chicago,
of
don,
Lynch,
to
Due on
1969
Feb. 1 from
inclusive.
York,
Milwaukee
of
Co.,
Housing Authority, Mass.
Agawan
Note
offered
were
of
Pierce, Fenner & Beane, of New
283.000 2%s. Due on
O f f
Co.,
Co., all of
Irving
&
&
Reusch
follows:
$87,000 3s.
price of 101.51.
Bonds
Roth
&
Trust
&
Savings Bank &
Fox,
of Chicago, Iowa-Des
tional Bank
Co., of Davenport, jointly, as 2s,
INDIANA
New
port, Provident
Fairfield), Iowa
law &
leans, Felix M. Rives, of Shreve-
Jefferson County (P. O.
Wood River
Bond
leans, Whiting, Weeks
in
M. Smith Wood Co., of New Or¬
on
Georgia, of Atlanta,
Union Securities Corp., B. J. Van
Corp.,
syndicate
a
Walter,
of
composed
school
Trust Co. of
Notes Sold—An issue of $800,000
temporary loan notes has been
First
Cleveland
sold to the First Portland National
of Cleveland, First National
Bank, at 0.71% discount, plus a
of Memphis, First National
V,
of Minneapolis, First Na¬ premium of $14.00.
Notes are dated Jan. 27,, 1948.
Bank of St. Paul; First of
Boston
New
Sale—The $550,000
Bond
Thomas & Co., of
Pittsburgh, Tripp & Co., of New
York;
' .
: . ' ;
Equitable Securities Corp., Esta& Co., of New York, First
brook
leans,
(P. O.
Co.,
&
„
■
Childs &
Co.,
Parish
Harris
group are as
Leary & Co., for 1.90s, at a
School District No. 2
Stranahan,
the
underwriting
follows: Adams, Mc- Ingen & Co., both of New York,
St. Denis J. Villere & Co., of New
Entee & Co., A. C. Allyn & Co.,
Andrews
&
Wells, Inc., Bacon,. Orleans, G. H. Walker & Co., of
New
York,
Walter,
Woody
&
Stevenson & Co., all of New York,
Barrow, Leary & Co., of Shreve- Heimerdinger, of Cincinnati, Roy
M. Watson, of New Orleans, Chas.
port, Blair & Co., Inc., William
Blair & Co., of Chicago, Blewer. E. Weigold & Co., of New York,
Weil ; &
Co.,
Weil
&
Arnold,
Heitner
& Glynn,
of St. Louis,
Braun,
Bosworth
&
Co.,
Inc., Wheeler & Woolfolk, White, HatChemical Bank & Trust Co., C. F. tier & Sanford, all of New Or¬
members
all
row,
Or¬
Philadelphia,
Jan.
dated
are
of New Orleans,
Due on Dec. 1, 1949
Heimerdinger,
1965 inclusive.
bonds
New
Inc., of Toledo, Stroud & Co., of
from 1956 to 1964 incl.
All
of
15
in
Jan.
on
Jones,
Hutton
&
Pomeroy, of Buffalo,. Schweickhardt, Landry & Co., A. M. Smith
Wood Co., both of New Orleans,
Smith, Barney & Co., of New
York, Leland Speed Co., of Jack¬
son, William R. Staats Co., of Los
York,
due
&
Schoellkopf,
15,
15
Jan.
on
$36,000 l%s.
price of 100.79,. a basis
2.91%.
Jan.
on
due
& Co.,
pur¬
by Wheelock & Cummins
of
Des
Moines,
as
previously
noted in v. 169, p. 53 were sold
chased
as
1.05%
at
1949.
2,
armory
interest.
Philadelphia,
Dated Feb.
notes
loan
due
1954.
3V4S,
leans,
Angeles, Steiner, Rouse & Co., of
New York, Stern Bros. & Co., of
Kansas
City,
Sterne,
Agee; &
Leach, of Birmingham, Stone &
Webster Securities Corp., of New
Michigan Corp., Fox, Reusch &
Co., of Cincinnati, Raul Frederick
Evangeline
Bqpd Sale Details—The $17,000
3.16%,
1955.
Noyes
Glenwood, Iowa
.
25—
follows:
port.
Rock Island Housing \
about
of
39,182,000 3.10s,
Bank
viously noted in
price of par.
bonds.
1953 and
3,713,000
Bank
a
cashier's check for 3%
amount of
of the
bonus,
offered Jan.
cost
$7,105,000. 4s,
Corp.,
accompanied by the approving
opinion of Chapman & Cutler of
Chicago, furnished without cost to
certified
veterans'
follows:
as
&
Co.,
of
Memphis,
Sattley & Co., of Detroit;
Scharff
$50,000,000
53—were awarded to a
interest
net
Co., of New Orleans, at a net in¬
1949
successful
The
II
bonds
p.
terest cost of about
9,000 l%s.
the
O.
Parish
'.sliciana
Eas'J
days from date of sale and will be
III.
Nauvoo,
LOUISIANA
until 1:30 p.m.
bids
Offering—Sealed
1956 to 1971 inclusive
Latimer), Iowa
Bond Offering—Peter E. Ryken,
Evanston, III.
Warrant
Due on May 15 from
370,000 3s.
School
A
169,
(State of)
—
War
series
p.m.
Due Jan. 1, as
Bank.
Thomas
opinion
Williams
Sch. Dist.,
Consolidated
8
$4,000 in 1965 to 1969. Bids are
requested at the lowest interest
rate in a multiple of
V\ of 1%,
that will bring par and accrued
interest or better. Payable at the
1963 inclusive.
to
1950
Sale
World
$3,000 in 1950 to 1964, and
follows:
basis
Jan.
Dated
bonds.
l%s, at a price of
of about 1.62%.
1, 1949. Due on Dec.
as
until
on
chase
Co., both of Des Moines,
a
bids
sealed
Feb. 14 "for the pur¬
of
$65,000
improvement
Dated Jan. 1, 1949.
De¬
(CST)
hospital bonds offered Jan. 21—
v.
169, p. 249—were awarded to
Wheelock & Cummins, and the
Iowa Des Moines National Bank
jointly,
the
receive
Iowa
Bond Sale—The $100,000 county
& Trust
Offering—The Secretary
Board of Education will
Bond
Audubon),
issue.
Louisiana
Bond
syndicate headed by Messrs. Blyth
& Co., of New York and Halsey,
Stuart & Co., at a price of par, a
of
Audubon
Saunders
v.
IOWA
the
ILLINOIS
of
Interest J-J.
or
of
price
a
both of New York, Ryan, Suther¬
land
&
Co., of Toledo, M. A.
H. V.
Jan. 1 from 1950 to 1959 inclusive.
$570,000 tem¬
of the par
amount
face
at
iy2s,
as
an
Sept. 7, 1948. En¬
on
certified check for $23,000,
a
Jan.
on
him.
authorized at
were
payable to the District.
Halsey, Stuart & Co., Inc.,
Legality approved by
loan notes have been sold
to the Girard Trust Co., of Phila¬ Stinson, Mag, Thompson, McEvers
& Fizzell, of Kansas City.
delphia, at 1.05% interest. Dated
Feb. 23, 1949 and due Sept. 2, 1949.
Fort Thomas City Sch. Dist., Ky.
porary
premium offered, if any, over and
above
awarded
was
bidder
to
cost
Dated
Indiana
Sold—The
Notes
$54,692
series T,
101.307, a basis of about 1.229%.
Jan. 1, 1949 and due on
Authority,
Albany Housing
New
the Circuit
County,
and
legality will be approved by
charge.
to
Chicago,
The certificates have been vali¬
close
City, Kan.
improvement,
$1,000.
successful
"
additional
election held
Bonds Sold—An issue of
internal
highest price.
dated
the
to
without
KANSAS
Indianapolis Bond & Share Corp.
of
Fenn & Co., both of New York,
Piper, Jaffray & Hop wood of Min¬
neapolis, Wm. E. Pollock & Co.,
R. W. Pressprich & Co., both of
New
York,
Provident
Savings
Bank & Trust Co.„ of Cincinnati,
Edward D. Rapier, of New Or¬
leans, Rapides Bank & Trust Co.,
of'Alexandria, Julius A. Rippel,
Inc., of Newark, Robinson-Hum¬
phrey Co., of Atlanta, E. H. Rol¬
lins & Sons, Roosevelt & Cross,
1950
1,
These bonds
1948 and due semi-annually
from July 1, 1950 to July 1, 1968
inclusive.
Second
high
bid of
101.532 for 2V4S was made by the
multiple
a
nished
Dated Dec.
basis of about 2.06%.
in
bonds
revenue
Co. of Des Moines.
101.642, a
price of
a.
electric
been
v.
169, p. 248—were awarded to
McDougal & Condon, of Chicago,
Bidders are requested to
the rate of interest the cer¬
burg.
$1,000,has
sold to the Carleton D. Beh
Bonds Sold—An issue of
000
March
'I
Otis & Co., of Cleveland, Paine,
Webber, Jackson & Curtis, Phelps,!
to 1969. In¬
terest (M-S). The approving opin¬
ion of B. A. Campbell, of New Or¬
leans, and the transcript of rec¬
ord as passed upon will be fur¬
Muscatine, Iowa
Ind.
$40,000 water
works bonds offered on Jan. 24—
Bremen,
Sales—The
Bond
Denomination
1949.
1,
Due
be so conditioned.
may
of
& Co., of Chicago, Fred N.
Ogden, of New Orleans;
improvement bonds, Dated March
approving opinion of Chapman &
Cutler of Chicago, and all bids
payable to the Town.
ma¬
turity.
Principal
and
interest
(J-J) payable at the Chemical
Bank
&
Trust
Co., New York
the
interest payment date there¬
Principal and interest pay¬
able
at
the
County Treasurer's
office.
The County will furnish
Bank,
veen
the Board of Com¬
missioners,
will
receive
sealed
bids until 10 a.m. (CST) on Feb.
28 for the purchase of $1,175,000
not to exceed 4% interest public
Secretary of
after.
National
Minneapolis, Nusloch, Baudean &
Smith, of New Orleans, John Nu-|
(P. O. Shrewsbury), La.
Offering — F. V. Draube,
any
Principal and interest (F-A) pay¬
able
at
the American National
Bank & Trust Co., Chicago. En¬
close a certified check for $1,000,
1, 1969; or a
if
redeemed
2%
1
Bond
Feb. 1, 1954,. and on
on
Northwestern
Jeffkrson
Works District No.
Water
1, 1954, will be op¬
redemption prior to
for
maturity,
1949.
Due Feb. 1, as follows:
$1,000 in 1953 to 1962, $2,000 in
1963 to 1988, and $3,000 in 1989.
1, 1964; or a premium of
2%% if redeemed thereafter but
premium
tional
Dated Feb.
Monday,. January 31, 1949
Jefferson Parish, East
and after May
water
4%.%
1,
Jan.
on
of $65,000
on
works revenue bonds.
before
or
(CST)
CHRONICLE
FINANCIAL
&
$7,000 May and $8,000 Nov. 1, 1959
to
1968.
All bonds maturing on
until
Feb. 2 for the
7:30 p.m.
1, 1959, at the
price of par and accrued interest,
plus a premium of 3% of their par
bids
sealed
receive
will
payment
after Jan.
or
COMMERCIAL
THE
(542)
Sale
Jan.
—
awarded
Bank
tional
of
Co.
New
of
Brown
W.
York,
Los
&
Morton
H.
R.
of
New
the
Trust
&
p.! 422<—:
Na¬
Third
Co.,
Co.,
a
rate of 0.92%.
Orleans,
,
■
Essex
County (P.
Salem), Mass.
&
Newman,
of
bidder,
highest
next
Boston,
named
Mil¬
H. Moulton
Angeles,
Co.,
&
to
$50,000 notes
169,
Springfield, at 1 % interest, plus a
premium of $40.64. Dated Febj 1,
1949 and due on Nov. 18,
1949.
The
Second
National >. Bank! of
,,
waukee,
The
25—v.
Note
Offering
—
J' '
O.
Thomas
t
/
F.
Duffy, County Treasurer, will re-
Volume
ceive
169
Number 4773
sealed
bids
until
11
THE
COMMERCIAL
Feb.
Dated
1, 1949. The second
(EST) on Feb. 1 for the purchase highest bidder was the First of
$75,000 industrial farm loan, Michigan Corp., McDonald-Moore
chapter 126,- notes. Dated Feb. 1, & Co., and Crouse & Co., jointly,
1949. Denomination $25,000. Due for
$140,000
iy2s,
and
$35,000
Feb. 1, 1950. Issued under author¬
iy4s, at a price of 100.05, a basis
ity of General Laws, Chapter 126, of about 1.39%.
a.m.
of
amended.
as
chants
f
Payable at the Mer¬
»
National
Bank, Salem, or
at the National Shawmut Bank of
Detroit,
Bond Offering
Mich.
John N. Daley,
Boston. Delivery will be made on
or about Feb..
2, 1949, at the Na¬
tional Shawmut Bank of Boston.
City
The notes
Feb. 2 for the purchase of $4,000,000 not to exceed 4% interest non-
will
genuineness
National
be
and
certified
validity
Shawmut
as
by
Bank
of
to
the
Bos¬
ton, under advice of Ropes, Gray,
Best, Coolidge & Rugg, of Boston.
Essex County (P. O.
Salem), Mass.
Note
Offering — Thomas F.
Duffy, County Treasurer, will re¬
ceive
sealed
bids
until
11
a.m.
(EST) on Feb. 1 for the purchase
of $1,100,000
temporary loan notes.
Dated Feb.
1, 1949. Denomination
—
Controller,
will
sealed bias uiiui id a.m.
receive
(Eb'T) on
callable
public sewer, series "H"
coupon or registered bonds. Dated
Feb. 1, 1949. Denomination $1,000.
Due Feb. 1, as follows: $69,000 in
1950 to 1957, $71,000 in 1958, $131,000 in 1959 to 1968, $206,000 in
1969 to 1971, and $207,000 in 1972
to 1978. Principal and interest (FA) payable at the current official
bank
of
the
City,
or
at
City,
the
in New
York
official
current
bank of the City, in Chicago, or at
$25,000. Due Nov. 10, 1949. Issued
the City Treasurer's office, at the
in anticipation of taxes for the
option of the
holder.
1949.
Payable at the Naumkeag Trust Co., Salem, or at hold¬
ers' option at the Second Nation¬
year
al
Bank
shall
bear
rate
a
pressed in
of
All
bonds
interest
ex¬
multiple of V\ of 1%.
a
The interest rate for each interest
&
FINANCIAL CHRONICLE
for the purchase of
exceed
$400,000 not to
interest building cou¬
4%
bonds. Dated Jan. 1, 1949. De¬
pon
nomination
$1,000.
Due
at par and accrued interest to the
premium
deemed
for
redemption plus
for
each
bond
follows:
as
bond called
so
As
to
a
re¬
each
for redemption on or
after
April 1, 1952, but before
April 1, 1953, $15; as to each bond
called for redemption on or after
April 1, 1953 but before April 1,
1954,
$12.50;
as
to
each
bond
called for
redemption on or after
April 1, 1954 but before April 1,
1955, $10; as to each bond called
for redemption on or after
April
1, 1955 but before April 1, 1956,
$7.50; as to each bond called for
redemption on or after April 1,
1956 but before April
1, 1957, $5.
Principal and interest (A-O) pay¬
able at
be
bank
a
or trust
company to
by the purchaser. Rate
named
of interest to be in a
Boston, and will be payment
multiple of
period on any one bond
y4 of 1%.
Bids shall be condi¬
delivery on „or about shall be at one rate
only. Bids will
Feb. 2, 1949, at the Second Na¬
tioned upon the unqualified
opin¬
be conditioned upon the unqual¬
tional Bank of Boston. The notes
ion of Miller, Canfield, Paddock &
ified opinion of Miller, Canfield,
will be certified as to
Stone, of Detroit, which opinion
genuineness Paddock &
Stone, of Detroit, ap¬
and validity by the Second Na¬
will be furnished without
expense
proving the legality of the bonds.
tional Bank of Boston, under ad¬
to the purchaser of the bonds
prior
A copy of their opinion as to the
vice of
to the delivery thereof,
Ropes,; Gray, Best, Cool¬ legality of said bonds will be fur¬
approving
the legality of the bonds. The
idge & Rugg, of Boston.
pur¬
nished
ready
of
for
.to
the
successful
bidder
without charge, prior to the deliv¬
-
Gloucester, Mass.
Note
'
Offering
Laurie,
ceive
City
Treasurer, will
sealed
*
S.Emerson
—
bids
of said bonds.
ery
until
re¬
11
a.m.
ing
Cost of print¬
and
delivery of bonds to be
by the City. The bonds will
borne
be delivered in New York
(EST) on Feb. 2 for the purchase
of $800,000 temporary loan notes.
City,
or
named in proposal
Dated Feb. 2,
on
1949. Denomination
Chicago,
payment of amount
upon
and of interest
principal accrued to date of
delivery. Enclose a certified or
$50,000 and $25,000. Due $600,000
Nov. 9, 1949, and $200,000 Jan. 16, cashier's check for
2% of the par
1950. Issued in anticipation of rev¬ value of
the bonds, payable to the
enue for the year 1949.
The notes city;
-y-y...
chaser
for
Bonds
funds.
Bids
for
both
ities must be made at
discount.
Bank
The
of
rate of
one
National
Boston
matur¬
Shawmut
Bond
Assmt.
certify that
au¬
thority of an order of the City
Council, the legality of which has
been approved by
Storey, Thorndike, Palmer & Dodge, of Boston.
Maiden,
Sale
The
—
Jan.
24—v.
169,
p.
the
Boston,
Jan.
at
27,
Dated
Oct,
on
27,
The second highest bolder
1949.
the
was
Maiden
Trust
Ca,
No. 48
423—were awarded
Mass.
Sale—The issue of $60,000
offered Jan. -25—v. 169,
p.
notes
423-r-were
awarded
to
the
H.
V.
Sat-
1 from 1950 to 1961 inclusive.
Bond
Authority,
to
tley & Co., and McDonald-Moore
&
Co., both of Detroit, jointly.
Dated Jan. 1, 1949.
Due on April
Na¬
tric
light and
gage
Jan.
revenue
25
Sale—The
awarded to
169,
423—were
p.
a
at
Jan.
18.
i
1949.
0.72%
1849.
The
Due
on
Trust
to
Dated
Nov.
15,
bidder
Co.,
Rock¬
land, at 0.72% interest.
t
*
School
those
730
are
merical
Mich.
Bond Sale—The $175,000 build¬
ing bonds offered Jan. 26—v. 169,
i
423—were awarded to Strana-
a
price of 100.30,
a
tion.
are
dated Jan. 1, 1949
from 21 to
numbered
callable
in
inverse
nu¬
or
high
Let
a
1.97%,
&
Corp,
bid of 100.265
interest
Co,
Inc.,
&
cost
of
by
IV2S.
Nov.
J. Van In-
Lee
Higginson
Republic
Co, and
Whitehall
School
Co,
S. R. Living¬
C
iy4s.
1952 and
Due
on
Nov.
1
1953 inclusive.
by
date
payment
1.40s
date
J.
M.
$27,000 2y4s. Due
b
d
o n
&
Dec.
1
1959 to
bond
the
Co.,
1
$20,000 building
Board,
will
bonds.
$1,000. Due Feb. 1,
Denomination
000 in 1952
1958
to
terest
by
to
1964.
Principal
payable
or
the
follows: $1,-
as
1957, and $2,000 in
at
and
in¬
suitable
any
trust company designated
successful
rate
bids
rate
of
1/10
or
not
bidder.
permitted.
interest
in
of 1%.
a
Split
successful
bidder.
Delivery within
days after the sale,
Rural
Agricultural
District,
—
or
there¬
Approving
Edward
certified
cashier's
or
bank draft for
Village.
on
or
7;,\ //y/v':
„
Feb. 1
bonds
cost
were
to
be
as
well
as
furnished
purchaser.
These
authorized at the elec¬
from
1950
Callable
&
Jan.
due
on
inclu¬
1969
15,
249
p.
are
to
Co.,
pre¬
as
1954,
in
in
part, but if in part
only in order of their identifying
or
numbers, lowest numbers first, at
par and accrued interest.
Ravalli
County School District
(P. O. Corvallis),
No.
1
Mont.
not
to
ing
exceed
bonds.
Todd
County Indep. Sch. Dist.
(P. O. Staples), Minn.
No. 78
Bond
6%
interest
Dated
first choice
Jan.
will
bonds
and
build¬
1,
1949.
the
bonds
serial
be
will
be the second choice of the School
Board.
sold
If amortization
bonds
are
and
issued, the entire issue
the Board of Education will re¬ may be put into one single bond
ceive sealed bids until 1 p.m. or divided into several bonds, as
(CST) on Feb. 4 for the purchase the Board of Trustees may deter¬
mine
of $65,000 construction and
upon
at the time of sale,
equip¬
both principal and interest (J-J)
ment bonds. Dated Feb.
1, 1949.
Due $5,000 from 1952 to 1954 in¬ to be payable in semi-annual in¬
clusive. These are the bonds au¬ stalments during a period of 20
thorized at the general election on years from the date of issue. 'If
Offering
The Clerk
—
of
serial
Nov. 2, 1948.
Love
Sale
Miss.
Details
—
The
J.
S.
Co., of
Jackson, Scharff &
Jones, White, Hattier & Sanford,
both
of
New
Orleans, and the
Co., of Hazlehurst,
associated.-with
Weil
&
Max
T.
Allen
The
sale
consisted
v.
168, p.2485.
bonds
issued
are
and
sold
they will be in denominations of
$1,000 and $500; the sum of $3,500
will become payable on Jan.
1,
1950/ and the sum of $3,500 will
become payable on the same day
of each year thereafter until all of
such
bonds
whether
paid.
are
The bonds,
amortization
serial
or
bonds, will be redeemable in full
on
interest
any
from
date
and
after
of issue.
check
for
date
payment
10 years
Enclose a
from the
certified
$3,000, payable
the
to
above Clerk.
of:
$150,000 2y2% water works bonds.
Due
April 1 from 1950 to
on
1952
•
Roosevelt
No.
inclusive.
200,000 2x/4% water works bonds.
Due
April 1 from 1953 to
on
1956 inclusive.
150.000 21/2% water works bonds.
Due
April 1 from 1957 to
on
1959
inclusive.
All the bonds
are)
dated Oct.
1,
County High Sch. Dist.
(P. O. Froid), Mont.
E
Bonds Sold—An issue of $75,000
construction and enuipment bonds
has been sold to the State Board
of
Land
Commissioners,
as 3s, at
The second high¬
the price of par.
est
bidder was
Kalman
&
Co.,
for 3y2s.
1948.
Roy High School District No. 74
County (P. O.
Philadelphia), Miss.
Bond
000
Sale
Details
—
The
(P. O. Roy), Mont.
$130,-
2%%
hospital
bonds
pur¬
by M. A. Saunders & Co.
chased
of
Memphis, as previously noted
in v. 168, p. 2485 were sold at
par.
Bond Sale—The issue of
$18,000
improvement bonds offered Dec. 8
awarded
was
of Land
the
to
State
Commissioners,
as
Board
3V2s.
Valley
County School Districts
(P. O. Nashua), Mont.
Bond
City,
Offering
—
Agard, Director of
receive
(CST)
of
Rollin
F.
Finance, will
bids
2
fourth
sewer,
bonds.
1949.
issue,
Dated
Denomination
series
Feb.
$1,000.
1962,
1969.
and
$22,000
in
offered Jan.
the
at
Kansas
rate
specified shall be in
City.
Each
1,
$100,000
168,
the
to
2738—
p.
State
as
2y2s, at
a
Land
price of
High
School
District
District
No.
No. E bonds.
80,000
School
13
bonds.
NEBRASKA
to
Consumers Public Power Dist.
Trust
(P.
Bond
interest
an
19—v.
1950
1963
Commerce
Co.,
con¬
Sale consisted of:
par.
Principal and interest (F-A)
payable
$180,000
improvement bonds
awarded
Commission,
Due
Feb. 1, as follows: $23,000 in
to
and
p.m.
$453,000 not to exceed 3% in¬
coupon
Sale—The
struction
were
until
Jan. 31 for the purchase
on
terest
A
sealed
Mo.
even
General
O.
Columbus), Neb.
Offering—V. M. Johnson,
Manager,
will
sealed bids until 1 p.m.
receive
(CST)
on
bonds, properly executed, will be
Feb. 3 for the purchase of $2,500,-
furnished
000
cost to
the
by
the
City
successful
without
bidder, and
not
enue,
or
ified,
McEvers
Fizzell
of
City, whose final, unqual¬
approving
opinion
will
be
1961
successful
issue
of
and
interest
system
1949
rev¬
coupon
Dated Jan. 1,
$1,000.
July
1,
Due
1951
to
1955, $55,000 Jan. and July 1, 1956
to
the
3V2%
eastern
Denomination
$50,000 Jan.
and
to
first
exceed
registered bonds.
1949.
furnished and paid for by the City
delivered
to
consolidated
said bonds will be sold subject to
Kansas
will
15
and
par,
Amortization
Barber, of Minneapolis,
without
(EST)
check
$600, payable to the
&
printed bonds,
Education, will receive sealed
Jan.
at
bonds
Dain
approving opinions of
Bond Offering—Mae B.
ChafMoody, of St. Paul, and fin, District
Clerk, will receive
Dorsey, Colman, Barker, Scott & sealed bids until 8
p.m. (MST) on
Barber, of Minneapolis. Enclose a Feb. 21 for the
purchase of $70,000
Stinson, Mag,
of
$175,000
Harold W.
the legal opinion of.
opinion
2%
upon.
construction
al upon the
Thomson,
of
bids until 8 p.m.
legal
sold
were
shall
Dorsey, Colman, Barker, Scott &
Mich.
D.
er.
Bids
Single multiple of J/4 of 1%. Lithographed
multiple of
house
Minneapolis, as 2.60s,
viously noted in v. 169,
unconditional, except as to
legality, which may be condition¬
Kansas
coupon
Dated Feb. 1, 1949.
each
cer¬
(P. O. Miles City),
purchased by J. M.
from
receive sealed bids until 1:30 p.m.
(CST) on Feb. 4 for the purchase
of
for
from
County Indep. Sch. Dist.
School
$25
interest,
for
of
be
1969 inclusive.
the
of
Principal and
payable at any suitable
banking institution designated by
s
No. 9 (P. O. Brownton), Minn,
Bond Offering — P. L. Hakes,
of
accrued
redeemed.
so
Bond
Clerk
in¬
court
MISSOURI
Dec.
on
in
interest
1950 to 1958 inclusive.
38,000 2y2s. Due
thereafter
Neshoba
Dain
on
interest
any
a
check
Mont.
sive.
The $65,000
follows:
as
on
Enclose
Bond Sale Details—The
whole
Minn.
—
and
au¬
election
MONTANA
Custer County
verse. order of serial numbers at a
made
was
1947.
cashier's
or
were
general
of the amount of bonds bid
price of par and
plus a premium
high
Minneapolis,
as
previously
v. 168, p. 2484, were sold
Dahlstrom, Secretary o"f the Board
in
Second
noted in
30
1
.from 1949 to 1951 inclusive,
70,000
for
1,
1950
after at the option of the purchas¬
net interest
on
Jan.
permanent improvement
bank
stone & Co.
Bond Offering
Due
100.28
a
made
was
Central
Crouse
said
on
order
Second
2s,
gen
cost of about 1.33%, as follows:
| $105,000
inclusive.
McLeod
han, Harris & Co., Inc., of Toledo,
I at
j
follows:
Jan. 1 from
on
group composed of B.
District,
of
Dated
as
4,
bonds
the
works
maturing after Feb. 1, 1953, are
subject to redemption and prepay¬
ment at the option of the
Village
basis
a
by J. M. Dain & Co., of Minne¬
apolis.
Jan. 1 from
beginning on July
1, 1952, at varying premiums de¬
pending on the date of redemp¬
"
p.
Due
The bonds
and
for
MICHIGAN
r
as
on
1964 to 1968 inclusive.
about
Coldwater
1959
bid
1963 inclusive.
250,000 2s.
of Broc-
highest
1952 to
tem¬
discount.
second
Rockland
was
Due
,
awarded
(the Home National Bank
!tion,
to
water
bonds referred to in
Jan. 1 from
on
$30,000
system bonds.
Dated
Feb. 1, 1949. Due Feb.
1, as fol¬
lows: $4,000 in 1951 to
1955, and
$5,000 in 1956 and 1957. Bonds
Arnold of New > Orleans, in
the
original purchase of the $500,000
Minneapolis,
1.299%.
of
1.86%,
loan notes offered Jan. 25
porary
v,
$300,000
about
of
1949 and due
purchased
cost of about
Plymouth County (P. O.
Plymouth), Mass.
Note
of
offered
on
of
and
were
price of 100.01,
a
first mort¬
$480,000 l%s.
'V
Bank
1.30s, at
bonds
Bank, of Boston, of First of Michigan Coro.. De¬
at 0.70% interest.
Dated Feb. 1,. troit. John Nuveen & Co., Chicago,
1949 and due on Aug. 1, 1949. The McDonald-Moore & Co, and H. V.
Second National Bank of Boston, Sattley & Co, both of Detroit, at
next highest bidder, named a rate a price of 100.03, a net interest
,
p.
County (P. O.
Jackson), Minn.'
power
169, p. 249 — were
syndicate composed
v.
—
elec¬
tional Shawmut
of 0.764%.
169,
v.
Jackson
Bond Sale Details
$730,000
plant
Jackson,
purchased by the
Bank, of St. Paul,
National
previously noted in
249, were slod as 23/4s.
City, Mich.
Sale—The
purchase
Bond
The $10,000
These
at
Nov.
tified
59
and when the bonds are
as
delivered.
Clerk will receive sealed bids un¬
til 8 p.m. (CST) on Feb. 10 for the
MISSISSIPPI
as
Kenyon,
Traverse
Housing
First
tional
Sale—The
Pequot Lakes, Minn.
Offering — The Village
Bond
(P. O. Hill City), Minn.
—
bidder
thorized
on
County Indep. Sch. Dist.
at
<Note
such
or
6
Bond
0,7,1% discount.
Maiden
Whitehall,
Bond Sale—The $50,COO
general
Mich.
discount.
Due
the
at
obligation drainage bonds offered
Township School District /- Jan.
25—v.
169,
p.
423—were
(P. O. Webberville),
awarded to the Northwestern Na¬
Lercy
on Jan. 11. Enclose a
cercashier's check for
$400,
payable to the District Treasurer.
or
MINNESOTA
Aitkin
1953 inclusive.
Mass.
0.70%
1949.
of
ready
expense.
delivered
tified or cashier's check for $3,000
payable to the District Treasurer.
Co., of Detroit/ Dated Sept.. 1,
1948.
Due on Sept. 1 from 1949 to
The $750 000 tem¬
169, p. 423—were awarded to
Merchants National Bank, of
—v.
his
other place as may be agreed
upon
with the purchaser. Enclose a cer¬
&
$26,000 school
porary loan notes offered Jan. 27 .bonds offering Jan. 26—v. 169, p.
—
be
funding bonds
$20,000 Spec.
Construction bonds
423—
awarded to McDonald-Moore
No.
'Note
Sale
Sewer
offered
were
will
the notes are issued under the
Rapids, Mich.
bonds
at
Bond Sale Details
Grand
be delivered at said bank for Bos¬
ton
furnish
will
State Bank
Will
be payable at the. National
Shawmut Bank of Boston and will
shall
execution
tion held
tifed
$40,000
Oct. 1, 1950 to 1959. Bonds matur¬
ing in 1954 to 1959, shall be sub¬
ject to redemption at the option
of the District, in inverse numer¬
ical order, on any interest pay¬
ment date on or after April
1, 1952,
date fixed
(543)
1960, $60,000
to
1965,
Jan.
and July
$70,000
Jan.
1,
and
•
€0
COMMERCIAL
THE
(54:4)
bonds
be redeemable in whole at offered Jan. 20—v. 169, p. 249—
time on or after July 1, 1954, were awarded to Schmidt, Poole
in part in inverse order of & Co. of Philadelphia, as 2.55s, at
will
any
and
maturities at any time on or after
July 1, 1949, on at least 30 days'
published notice, and in the event
that less than an entire maturity
is redeemed,
the bonds of such
maturity to be redeemed shall be
selected by lot at the redemption
prices with respect to each such
bond as follows: If redeemed July
1949 to and including July 1,
at 104.00; thereafter to and
including July 1, 1957 at 103.50;
thereafter to and including July 1,
1960 at 103.00; thereafter to and
including July 1, 1963 at 102.50;
thereafter to and including July
1,
Bond
Sale—The
•
Feb. 8 for the purchase of $44,650
NEW YORK
Hightstown, N. J.
July 1, 1966 to 1970, and $75,000
Jan. and July 1, 1971. Said bonds
Albany County (P. O.
Albany), N. Y.
Bond
Offering
—
William S.
Quinn, County Treasurer, will re¬
ceive sealed bids until noon (EST)
vided
of
of
Cities
the
or at the fiscal
District ; in the
Lincoln
of
Columbus.
and
The bonds will be delivered at the
of the District in Chicago,
expense
the option of the purchaser,
bank in New York City. The
or, at
at
a
District will furnish upon the de¬
livery of the bonds the opinion of
Wood,
York
King & Dawson of New
City, approving the legality
Enclose
of the bonds.
cashier's check
or
face amount of the
to
District.
the
^
certified
a
2%
for
"
1, 1949. Due on Jan.
1950 to 1979 inclusive. The
Dated Jan.
1 from
;.
Equipment -bonds.
Sch. Dist.
1949
$80,000 in 1957.
$90,000
(P. O. Baptistown), N. J.
Bond Offering
J. W. Ashcroft,
in
Dated Dec.
and
1956
to
rate
bonds, payable
than
the lowest
legally acceptable
higher
in
any
Housing Authority, N. J.
Pater son
Notes Sold—An issue of $1,405,-
Sykes,
Neligh
;
Bonds Sold—An issue of $297,-
000
to
Neb.
District,
The
as
second
Kalman
&
3s, at a price of
highest bidder
Rah way,
was
Co., for 3V2S.
disposal
sewage
extension
sewer
sold to the
plant
and
has
been
Kirkpatrick-Pettis Co.
of Omaha.
N. J.
$170,000 gen¬
The
—
improvement bonds
v. 169, p. 424
Lo
Jan.
bonds
Sale
Bond
Sold—An issue of $170,-
Bonds
—
New
were
Deventer
Van
and
York,
offered
—
Taylor & Co., of
awarded to Kean,
Brothers, Inc., of Newark, jointly,
at
price
a
price of 100.13, a basis
1949.
Feb. 1 from 1950 to 1959
IV2S, at
as
der
at
a
on
Ira Haqpt
was
offered
were
Jan.
24—v.
a
J.
249—
p.
Philadelphia, Coffin
Burr of New
York, and Walter
of' Philadelphia,
as
1.90s, at a price of
basis of about 1.88%, as
&
Stokes
jointly,
100.15,
a
Co.
follows:
bonds.
sewer
Dated June
130,000
water
Dated
Due
Dec.
June
on
1974 inclusive.
bidder
and
was
1
from
bonds.
1949
Ingen & Co.,
Co., jointly,
price of 100.06.
a
to
&
for
Dover, N. J.
Bond
housing bonds offered Jan.
169, p. 249—were awarded
to
the National Union Bank, of
Dover, and the Dover Trust Co.,
jointly, as 1.70s, at a price of par.
ency
24—v.
Dated Jan.
from
Bond Sale—The
p.
1950
15, 1949,
to
1964
Due Jan. 15
inclusive.
second
highest bidder
Saffin
&
was
$735,000 school
24
Jan.
offered
bonds
169"
B. J.
v.
—
to
awarded
249—were
The
Boland,
Co., for 1.80s, at
a
price
Co., and Ewing & Co., all
of New York, jointly, as 1.65s, at a
son
&
of 100.11,
basis of about
inclusive.
1949
1,
1950
from
1
Jan.
on
a
Jan.
Dated
1.63%.
•
to
and
1969
J
•
registered bonds. < Dated
Feb. 1, 1949. Denomination $1,000.
Due $5,000 Feb. 1, 1950 to 1979.
Principal and interest (F-A) pay¬
or
pon
able at the Garden State National
Feb.
249
Van
of
Sale—The
offered
—
were
Ingen
&
Jan.
$9$,000 school
24-1—v. 169,
awarded
to
must
or
specify
1/20
interest
ond
was
1948.
2.07%.
Due
on
Dated
a
and
bear,
V/
no
rate
bonds
of
are
to
proposal will be
specifies a rate
which
the lowest stated in
acceptable proposal.
J.
York
1959 inclusive.
the opinion of Haw¬
with
nished
kins,
Delafield
and
of the
check
a
for
the
bonds
dated
Sec¬
Camillus),
—
The $81,000 con¬
offered
bonds
20
Jan.
awarded to the Marine Trust
Co.; of Buffalo, as 2y4S, at a price
of 100.28, a basis of about 2.23%,
The
second highest
bidder was
Roosevelt & Cross, for 1S/4S, at a
price of 100.26,
The
bonds
Denomination
1949.
Feb.
to
15,
15,
Feb.
dated
are
Due
$1,000.
follows: $2,000 in 1950
as
1952, and $3,000 in 1953 to 1977.
Principal and interest (F-A) pay¬
able at the Bank of Camillus, Ca¬
millus.
The bonds will be deliv¬
at
Board
certified
$3,000.
cashier's
payable
Board of Education.
to
the
the
obligations of \ the District.
The
approximate time when the bonds
will be delivered to the purchaser
delivery will
of Reed,
Hoyt & Washburn, of New York
City, A certified check for $440,
payable to the District, is required*
is March 1, 1949, and
made
be
office
the
at
Union Free Sch. Dist...
Hempstead
No.
(P. O. Woodmere), N. Y.
14
Jan.
offered
bonds
25—v.
are
p.
dated Jan. 1, 1949
and mature
Jan. 1 from 1950 to 1954 inclu¬
on
Second high bid of 100.15 for
sive.
1.60s
made
was
the
by
Marine
Trust Co. of Buffalo.
District Clerk, will receive
sealed bids until 3:30 p.m. (EST) *
on
Feb. 8
for the purchase of
,
$550,000 not to exceed 4% interest
registered
1, ■ 1949.
De¬
March 1,
as follows: $20,000 in 1950 to 1964,
and $25,000 in 1965 to 1974. Prin¬
cipal and interest (M-S) payable
construction
$1,000.: Due
at the Lawrence-Cedarhurst
Hewlett
-
6
multiple of %
a
Offering
Bond
Sale
on
about March 1, 1949; at the
or
of
office
The $135,000 fire
construction
bonds
offered
26
v.
—
awarded
to
169,
the
424
p.
—
were
Manufacturers
&
Traders Trust Co., of Buffalo, and
Roosevelt & Cross, of New York,
jointly, as 2.80s, at a price of
100.13, a basis of about 2.78%. The
bonds
dated
are
mature
Feb.
Feb.
on
1
other place as may be agreed upon
with the purchaser.
The approv¬
ing opinion of Hawkins, Delafield
& Wood, of New York City, will
be
furnished
to
the
purchaser
without
Enclose
cost.
100.67
for
2.90s
was
1950
high bid of
by the
R.
Lahn
Bond
bonds
offered
'
Bond
Town
sealed
*
New
York
:
*
«'
.>
Denomination $1,000.
1949.
Due
in 1949,
Aug. 1, as follows: $2,000
and $3,000 in 1954 to
1957. Principal and interest (F-A)
to
1953,
payable at the Dobbs Ferry Bank,
Dobbs Ferry. Rate of interest to
in
multiple of Va or 1/10 of
1 % and must be the same for all
of the bonds.
The bonds will be
be
Offering—Gage M. Miller;
Supervisor,
bids
until
will
noon
receive
(EST)
on
■
.
sewer
Jan. 26—v,
on
169,
awarded to Tilney
price
of
100.18,
delivered
1949,
on
&
about
or
on
of about
dated Feb.
are
1, 1949 and mature
Feb.! from
inclusive.
Second
1950
to
high
made
bid of 100.31 for 2J/4S was
by .Roosevelt & Cross, of
New
York.
Feb.
'
1964
/
''v.;
'
.
_
No.
Wood, of New York
District, N. Y.
Sale
Bond
—
The
;
•
$11,000
fire
fighting equipment bonds offered
Jan. 20 — v. 169, p. 250 — were
awarded to the C. E. Weining Co.,
Buffalo,
100.15,
a
as 2.30s, at a price of
basis of about 2.27%.
March
Dated
March 15 from
1949.
15,
Due
on
1950 to 1959 incl.
Hammondsport, N. Y.
improvement
25
—
v.
100.13,
bonds
a
to Sage,
street
as -
Rutty & Co., of
3s, at
a
priceof
basis of about 1.97%. The
are
mature
$28,500
bonds offered on
Z169, p. 424 — were
dated Aug.
on -
Aug.
1958 inclusive.
1
1, 1948 and
from
1949
to
*
it
Dist.
.
(P. U. Livonia), N. Y»"■>:
1
Bond
Offering
—
Arnold E.
Davis, District Clerk, will receive
sealed bids
until 2 p.m.
(EST) on
$75,000
Feb. 3 for the purchase of
to
not
exceed
struction
5%
interest
con¬
registered
bonds. Dated Feb. 1, 1949. Denom.
$1,000..Due $5,000 June 1, 1950 to
1964.
coupon
or
Principal arid interest (J-D)
payable
to be in
the
at
Stewart
National
Rate of interest
multiple of *%,or 1710 of
1% and must be the same for all
a
of the bonds. The successful bidder
will be furnished with the
opinion
Washburn; of
New York City, that the bonds are
valid and binding obligations of
the
District.
The
approximate
time when the bonds will be* de¬
livered to the purchaser is Feb. 17,
1949, and delivery will be, made
at the District Treasurer's office,
of
or
Sale—The
Bond
i
Central Sch.
Geneseo;
28,
East Meredith Rural
'»
'
Livonia, Conesus, Avon, Lima and
Hawkins,
of
office
the
at
Delafield
of
basis
a
The bonds
1.97%.
a
Rochester;
*
Y.
$4* 500
Co.,. of New York,^as 2s,v at a
awarded
Chili, N. Y. (P. O. Churchville),
N.
Success,
Sale—The
&
Jan.
Marine Trust Co., of Buffalo./
V
i
improvement,
1949
coupon
or
registered bonds. Dated Feb. 1,
to
made
certified
a
cashier's check for $11,000,-pay¬
424—were
1, 1949 and
from
&
Delafield
Hawkins,
Wood, of New York City, or such
p.
«\
—
for all of the
Y.
Margaret
—
5%
exceed
to
Fire
Y.
1/10 of 1%,
or
same
bonds. The bonds will be delivered
interest street
not
(P. O.
N.
Cheektowaga),
Bank,
Branch,
.^Woodmere
able to the District.
Dobbs Ferry, N.
East Meredith,
Cleveland Hill
Fire District No.
or
coupon
bonds. Dated March
nomination
or
New
Cheektowaga,
L. Sea¬
Bond Offering—Clayton
man,
Bank of Livonia.
of Education.
or
opinion of Reed,
Hoyt &
Washburn,-of NewYork City, that
bonds are valid and binding
the
and must be the
The $14,000 storm
—
Feb. 7 for the purchase of $22,000
Y.
N.
and must be the same
The success¬
bidder will be furnished with
ful
Kelly, Village Clerk, will receive
sealed bids until 3 p.m. (EST) on
O.
(P.
District
March
Due
$1,000.
1/10 of 1%
in
250—were awarded to Ba¬
con,
Stevenson & Co., of New
York, as 1.60s, at a price of 100.17,
a basis of about 1.54%. The bonds
169,
are
legally binding obliga-r
valid
Enclose
Wood of New
&
that
City,
tions
Nov. 1 from 1950 to
Sale
Bond
Water
Denomination
Woodmerer Rate of interest to be
TV'
N„
(EST) on Feb. 10 for the purchase
$22,000 not to exceed 5% inter¬
est fire apparatus, coupon or regis¬
tered bonds.. Dated March 1, 1949.
of
a
Croton-On-Hudson, N. Y.
-
'
high bid of 100.422 for 2.30s
H. Rollins & Sons,
Bonds Sold
single
the
The successful bidder will be fur¬
p.
1*
100.16,
The second
bidder was Roosevelt &
Cross, for 13/4S, at a price of 100.06:
V Bonds are dated Feb. 1, 1949.
Denomination
$1,000
and / $500.
made by E.
Camillas
a
1%
of
basis
Nov.
of
1.36%.
highest
Inc., New York.
a
in
which
York,
Co., of New
2.10s, at price of 100.20,
about
B.
price
a
about
of
basis
.::.V
1976 inclusive. Second
Bond
basis of
1949 and mature on June
1,
hall
'
bonds
as
V..
■:-
1 from 1950 to 1976 inclusive.
proposal
Jan.
multiple of Vs
Each
Teaneck.
Bank,
higher than
legally
J.
at'
1.40s,
as
interest school cou¬
6%
any
Eatontown School District, N.
National Commer¬
cial Bank & Trust Co., of Albany,
York, N. Y., or at City, or at such other place as may
agreed upon with the pur¬
such other place as may be agreed be
Teaneck Township School District with the
purchase about Feb. 15, chaser. The approving opinion of
(P. O. Teaneck), N. J.
1949.
The approving opinion of Hawkins, Delafield & Wood, of
Sykes,
Heckler
& New York City,_ will be furnished
Bond Offering—John H. Ranges, Vandewater,
to the purchaser without cost. En¬
District Clerk, will receive sealed Galloway, of New York City, will
furnished
to
the
purchaser close a certified or cashier's check
bids until 8 p.m. (EST) on Feb. 9 be
for $440, payable to the Village.
for the purchase of $150,000 not without cost.
considered
of 100.16.
••
about 2.235%. The bonds are
Ingen & Co., Bacon, Steven¬
Van
to exceed
Sale—The $80,000 emerg¬
the
20 to
Jan.
electric
light system bonds offered Jan. 26
—v. 169, p. 424—were awarded to
Tilney & Co., New York, as 2V4S,
at a price of
100.17, a basis of
ered
The second highest
B. J. Van
Dolphin
1,90s, at
of 1948
1, 1948.
School District, N. 7.'
Somerville
dup
i, 1946.
•
Dist.
Bonds Sold—An issue of $16,500
sewer, 1949 bonds was awarded on
Sale—The $53,500
price of 100.0&.•: struction
price
$125,000
Sch.
of
Dist.
\
sewer
were
awarded to W. H. Newbold's
Son & Co. of
&
169,
a
100.13,
of
Bergen,
& £0., for 1J6S»
Bond Sale—The $255,000 bonds
:!
Sewer
(P. O. Newtonville), N. Y.
Bond
inclusive. The second highest bid¬
Collingswood,*»N.
cashier's check
or
$893, payable to the Town.
No. 22
of about 1.47%. Dated Feb. 1,
Due
NEW JERSEY
certified
a
Rutty & Co., of Rochester, as 2.60s,
Bond
12, 1949.
and due Sept.
eral
000
The
at
Heckler & Galloway, of
City, will be furnished
purchaser without cost. En¬
Colonie
sold to the Girard
par.
Sidney, Neb.
for
with
Co.,
of
Philadelphia,
at
1.05% interest. Dated Feb. 23, 1949
the State Board of Land Com¬
missioners,
close
The
Trust
building bonds has been sold
to the
series
11th
loan,
temporary
notes has been
I
bonds.
delivered
New York
1, 1948.
about 2.55 %.--
Hyatt,. District Secretary, will receive
sealed
bids until 10 a.m.
for all of the bonds.
the
of
be
chaser.
,
.
Arthur F.
—
Park, New Hyde Park. Rate of in-7
terest tobe in a multiple of H\ or
will
purchaser will be furnished
the
opinion
of: Sullivan,
Donovan
&
Heenehan, of New Due Feb.
proposal.
The successful bidder
1, as follows: $1,500
will be furnished with the opinion York City, to that effe.ct. Enclose
from 1950 to 1952 inclusive, and
of Hawkins,
Delafield & Wood, a cashier's or certified check for
$2,000 from 1953 to 1958 inclu¬
of New. York City, that the bonds $26,000, payable to the County.
sive. Principal and interest (F-A)
are valid and legally binding obli¬
payable at the State Bank of Al¬
gations of the Board of Education.
bany,
Albany.; The
approving
Barnard Fire District (P. O.
Enclose
a
certified; or cashier's
Rochester 12), N. Y.
opinion
of Vandewater,
Sykes,
check for $1,000, payable to the
Heckler & Galloway, of New York
Board of Education.
Bonds Sold—An issue of $6,000
City, will be furnished to the pur¬
fire bonds has been sold to Sage,
a
stated
000
School
—
Offering:
e
chaser, about Feb. 24-, 1949.
The
approving opinion of Vandewater,
a
as
bonds. Due Dec. 1, as follows:
Township
d
o n
New
all
for
bonds
.
Kingwood
B
'
.
1, as follows: $4,000 in 1950 to •
1952, and $5,000 in 1953 and 1954.
Principal and interest (M-S) pay¬
able at the Bank of New Hyde .
same
Improvement
Public
multiple of
(Pi O. Elmont);, Nn.Y.
,
York, N. Y., or at such other place
may be agreed with the pur¬
Due
1, as follows: $140,000 in
1949, and $120,000 in 1950 to
1952.
; •.
' ; ..v':
'
800,000
interest to be in
y* or 1/10 of 1% and must be the
Dec.
100.13.
of
follows:.
as
$500,000
bidder was Boland,
Saffin & Co., for 2.60s, at a price
second highest
the
of
Nov.
Due
Hempstead, Elmont Fire District
interest" town
5%
garage, 1948 coupon or registered
bonds.
Dated Nov. 1, 1948.
De¬
nomination $1,000, one for $650.
Denomina¬
District Clerk, will receive sealed tion $1,000. Principal and interest
1, 1966 at 1.02.00; thereafter to and bids until 8 p.m. (EST) on Feb. 16 (J-D) payable at the State Bank
including July 1,1969 at 101.00, for the purchase of $50,000 not to of Albany. Rate of interest to be
and thereafter at 100.00. Bids will exceed 3% interest school coupon in a multiple of 1/10 or lA of 1%,
also be received at the office of or registered bonds. Dated Nov. 1, and must be the same for all of
Due the bonds. The bonds will be pre¬
Wood, King
& Dawson, Room 1948. Denomination $1,000.
2300, 48 Wall Street, New York $2,000 Nov. 1, 1949 to 1973. Princi¬ pared under the supervision of
Gity, at 2 p.m. (eastern standard pal and interest (M-N) payable at and authenticated as to genuine¬
time).
Principal
and
interest the Union National Bank, French- ness by the First National Bank of
(J-J) will be payable, at the op¬ town. Each proposal must specify Boston. The bonds will be deliv¬
tion of the holder, at the fiscal in a multiple of Vs or 1/20 of 1% ered to the purchaser on Feb. 24,
agency
of the District in New a single fate of interest which the 1949, or as soon thereafter as they
York City, or at either of the fis¬ bonds are to bear, and no proposal can be prepared for delivery at
cal agencies of the District in the will be considered which specifies the First National Bank of Boston.
agency :
exceed
1, as follows: $2,650 in
a price of 100.78, a basis of about
1949, $2,000 in 1950 to 1964, dnd
2.49%, as follows:
on Feb. 4 for the purchase of $1,$3,000 in 1965 to 1968.
Principal
$45,000 water improvement bonds. 300,000 not to exceed 4% interest and interest (M-N) payable at the
Central Trust Co., Rochester. Rate
11,000 fire apparatus bonds.
* ' coupon or registered ..bonds, di¬
1954
City of Chicago,
to
not
$56,000
Monday, January 31, 1949
CHRONICLE
FINANCIAL
&
Reed,
Hoyt
&
ili
-
at such other time and place as
may
with
be specified by the purchaser
the
consent
Treasurer.
condition
District
precedent to: ther consid¬
eration of his
District Clerk
ier's
the
of
Each bidder must, as a
check
the District.
bid, deposit with the; '
a
for
certified
cash¬
or
$1,500, payable to
,
.
.
.
V
Volume 169 '"Number 4773
Malone
'■■■">
Malone),
(P. O.
New York
>
.
>\
>•••
v
'
Bfrnd Sale—The $22,000 airport
machinery bonds offered on Jan.
25—v. 169, p. 424—were awarded
!
to George B„
Gibbons & Co., Inc.,
New York, as 1.30s, at a price of
of about 1.29%;
Dated Jan. 15, 1949 and due on
Jan., 15 from 1950 to 1954 inclu¬
sive.
Second high bid of 100.098
for 1.40s was made by R. D. White
100.02,
&
basis
a
ler, of New
terest, \plus
Dated
York, at 1.03% in¬
premium of $37;
a
Fveb.
1, 1949 and due on
Aug. 1, 1949. Legality approved by
Caldwell,) Marshall, Trimble &
Mitchell, of-New York. The Na¬
tional
Bahk of
City
Van
Chemung, Spencer, Barton,
Cayuta and Newfield
Sch.
Central
Note
Authority,
Dist.
Bond
1
Offering—Charles C. Ring,
for the
$23,500,000
temporary loan, series H, notes.
Dated Feb. 16, 1949. Due Aug. 16,
1949. The notes will be payable at
the
Chemical
New
York
Bank
&
Trust
Co.,
City, and the fees or
charges of such bank for acting as
paying agent will be paid by the
Authority. The validity of the notes
and said Subsidy-Guaranty Con¬
tract will he approved by Caldwell
Marshall, Trimble & Mitchell, of
New York City, and a copy of such
attorneys', opinion will be fur¬
nished by the Authority to the
successful j: purchaser or purchas¬
ers without; charge.
1949
registered bonds.
1, 1949. Denom. $500.
Due Feb. 1, as follows;'$1,500 in
1950
to 1955,
$2,000 in 1956 to
1970, and $1,000 in 1971. Principal
and
interest
(F.-A.) payable at
coupon
the Farmers and Merchant's
,
Hampstead, Port Washington
Parking District (P. O.
Manhasset), N. Y.
Bond Sale—The $180,000 public
parking bonds offered on Jan. 26
.
169,
—v.
6 group
&
p.
424—were awarded to
composed of C. J. Devine
Francis I. duPont & Co.,
Co.,
Tilney & 'Co., all of New
York, as 2.10s, at a price of 100.17,
and
basis
a
Nov.
of
from
2.08%.
about
1948
1,
and
due
1950 to
high bid
of
was
inclusive.
1977
ond
Dated
Feb.
on
1
Sec¬
the
be
must
Bank,
for
same
all
the Board of Education's office
on
about Feb. 10, 1949, or at such
other place as may be agreed with
will be
notified when bonds are ready for
delivery. The approving opinion
of Vandewater, Sykes, Heckler -&
Galloway, of New York City, as
to the validity of the bonds will
furnished
be
he
and
the
to
bidder. These bonds
ized
at
22,
election
an
Enclose
1948.
cashier's
check
held
for
Jointly.
Sloan
/
^
certified
a
Bond
N.
Y.
— Joseph PiechoTreasurer, will re¬
Offering
witz,
Village
ceive
sealed
until
bids
3:30
p.m.
(EST) on Feb. 3 for the purchase
-of- $81,000 not to exceed 5% inter¬
est coupon
or registered
public
improvement bonds. Dated Dec. 1,
1948. Denom. $1,000. Due June 1,
jas follows: $8,000 in 1949 and 1950;
Sale
or
struction bonds offered
Jah;25Y
1949 and mature
Jan. 1 from 1950 to 1959 inclu¬
was
1967 inclusive.
Bidder
to
name
expressed
in a multiple of lU or 1/10 of 1%.
Principal and interest (J-D) pay¬
able at the Marine Trust Co., Buf¬
falo. A certified check for $1,620,
single
payable to order of the Village, is
required.
Legality approved by
Vandewater,
Sykes, Heckler &
Galloway, of New York. :
at
Securities
Hamilton
at
well.
/,
;
Marshall.
Trimble
&
Mit¬
Bond
•
Solvay,
N.
Bond
Offering
vehicle
motor
equipment,
Jan.
1948
169,
21—v.
250—were
p.
awarded to C. J. Devine & Co., of
New York,
100.04;
1.30s, at a price of
basis of about 1.28%.
a
as
Datdd Dec. 1, 1948.
Due on June
1 from 1949 to 1953 inclusive.
Suffern, N. Y.;
(
Bond
Sale—The
$78,500 bonds
offered, on Jan. 25—v. 169, p. 250
—were
awarded
to
Francis
I.
dupont & Co. of New York, as
.
1.80s, at
a
price of 100.09,
of about 1.78%.
fered
Jan.
u*-
•'
1 from
1950 to
on
,,
$500,000 county
hospital bonds offered Jan. 25—v.
169,
.
1961 inclusive.
Feb. 1 from 1950 to 1966
inclusive.
' -/_' Y Y.
are
dated Feb.
1, 1949. Second high bid of 100.386
4for 1.90s
was
Securities
First
Corp.,
Phelps,
New York, jointly, at a
100.109, a net interest
about 2.349%, as follows:
and
Byrne
made by the Marine
to
the
Corp., of Charlotte, and
Co., Chester, jointly,
of
par,
about'1.98%,
storm
21—v.
1, 1948.
inclusive,
and
Jan. 1 from
25,000 sanitary sewer bonds: $13,Y 000 l%s, due on Jan. 1 from
1952
to
I960 inclusive, and
$12,000 2s, due Jan. 1 from
Note Sale—The issue of $2,335,Jan.
26
awarded to Salomon Bros. &
was
Hutz-1
251—
p.
above date
Ohio
Co.
were
of
Oct.
on
from
1
1950
1967
to
inclusive.
A
dated Feb, 1,
are
1949.
Ohio
Bonds Sold—An issue of $250,000 school bonds has been sold to
First National
$18,000
highest bidder was Halsey, Stuart
& Co., and Blair & Co., Inc., joint¬
ly, for 1V4S, at a price of 100.12, a
basis of about 1.22%.
due on Jan. 1
1960 inclusive,
$20,000 2s, due on Jan.: 1
and
jare
inclusive.
.>
dated Feb; 1,
1949.
road
improvement; series D bonds
Jan.
offered
24—v.
awarded
were
to
about
Cocoalier, N. Dak.
Bond Offering—The
price of
a
1.89%.
Due
City Audi¬
on
169,
the
p. 154—
Equitable
1950
to
101.16,
Dated Feb.
April
1974
basis
a
Oct.
and
1,
1949.
from
1,
inclusive.
of
The
sec¬
ond
bids until
highest bidder was Halsey,
Stuart & Co., for 2s, at a price
1 for the
of 101.04.
tor
tric
will
sealed
receive
and
oral
8 p.m. (CST) on Feb.
purchase of $57,000 elec¬
revenue
bonds. Dated Jan.
Park
Exempted Village
District
(P.
Housing
Authority,
Carolina
North
Note Sale—An issue of
temporary loan,
7th
$320,000
series notes
OHIO
Rate of interest to
1950 to
1959.
multiple of Yk of 1 %. In¬
Akron, City School District, Ohio
Bond Offering — Hazel Fleck,
will receive sealed bids until
noon
on Feb. 14 for the purchase
$2,780,000 2V2% building bonds.
Dated March 1, 1949. Denom. $1,000. Due Oct. 1, as follows: $126,000 in 1950 to 1963, and $127,000
(EST)
his
Purchaser
J-D.
terest
own
bid
bonds
Enclose
check
certified
will
fur¬
approving opinion at
cost.
own
for,
for
a
1%
payable
above Clerk.
has been sold to the Girard Trust
for
Co., of Philadelphia, at 1.08% in¬
a
terest.
Dated
Feb.
23,
1949
and
bond
of
to
or
the
the
/' r; Y
'///■ i:
light
v.
the
The
awarded
Branch Banking &
1%.
the
to
Trust Co.
1959
Offering—R.
.
of the
S.
Minger,
Board of Education,
of
&
Dempsey,
of
(EST) on Feb. 9 for the pur¬
chase of $145,000 3% school addi¬
tion building bonds. Dated March
be
furnished
to
1, 1949.
Sanders
will
Interest
opinion
approving
"
Sale—The
bonds
169, p. 250—were
Bond
Clerk
Local School District
Grafton Road,
'/ Elyria), Ohio
O.
will receive sealed bids until 7:30.
V4 of
multiple of
A-O.
Cleveland,
$20,000 electric
offered
Jan.: 18 —
East Carlisle
1971.. Bidders may bid
different rate of interest in
Squire,
Grimesland, N. C.
Bond
a
purchaser
bonds.
for.
or
Enclose
purchasers of the
a
certified
check
$27,800, payable to the Board
of Education.
Franklin
p.m.
Oct. 1.
Denomination $1,000. Due
as
follows: $6,000 in 1950 to
1952, $7,000 in 1953, $6,000 in 1954
and
1955, $7,000 in 1956, $6,000
in
1957
$6,000
Sinking
Local
(P.
Fund
School
O. Philo),
District
Ohio
Bonds Sold—An
issue of $285,building and equipment bonds
been
sold
to
the
Halsey,
Stuart & Co. of
Chicago, as IMjs,
at a price of
100.05, a basis of
about 1.49%. Dated April
1, 1949.
has
Denomination $1,000. Due on Oct.
1 from 1950 to 1957 inclusive.
/
-
Grand
Rapids, Ohio
Bond
Offering—Robert B.
Manor, Village Clerk, will receive
sealed
Feb.
bids
9
for
until
noon
(EST) on
purchase of $24,-
the
3%
water
bonds.
works
Dated
$1,000,
assess¬
Oct.
1, 1948.
for $903.76.
follows: $903.76 in
one
Oct. 1, as
1950, $1,000 in 1951 and 1952, $2,000 in 1953, $1,000 in 1954 to
1956,
$2,000 in 1957, $1,000 in 1958 to
1960, $2,000 in 1961, $1,000 in 1962
1964, $2,000 in 1965, $1,000 in
to
1966
to
Bidders
1968, and $2,000 in 1969.
may bid for a different
rate
interest
of
in a multiple of
lh of 1%. The favorable approv¬
ing
opinion of Peck, Shaffer &
Williams, of Cincinnati, will be
furnished to the successful bidder
without cost. Enclose a bond or
Township Local Sch. Dist.
(P. O. Wheelersburg), Ohio
Bond
and
1958, $7,000 in
in 1960 and
1959,
1961, $7,000 in
Offering—Hugh J. Hoover,
Clerk of the Board of
Education,
will receive sealed bids until
(EST)
noon
Feb. 10 for the purchase
on
of
$189,000 4% school addition
building and equipment bonds.
Dated Feb; 1, 1949. Denomination
$1,000. Due $4,000 June and Dec.
1, 1950 to 1958, and $4,000 June
$5,000 Dec. 1, 1959 to 197,1.
and
Bidders
rate
may
of
% of 1%.
These bonds
mouth.
Banking
Interest J-D.
authorized
election
on
ditional
at
will
proceedings
taken
pay¬
of
Co.,
Ports¬
These bonds
the
Nov. 2, 1948.
bids
issuance
are
unlimited taxes; at the
Portsmouth
"The
bid for a different
in a multiple of
interest
able from
were
(P.
the
to
Green
Offering — Albert L.
Holmes, Clerk of the Board of
Bonds Sold—An issue of $199,Education,
will
receive
sealed
000 court house, jail construction
bids until noon (EST) on Feb. 4
and
equipment bonds has been for the
purchase of $12,000 not to
sold to the State Land Depart¬
exceed 4% interest improvement
ment.
These bonds were author¬
coupon or registered bonds. Dated
ized at the general election on
Jan. 1, 1949.
Denominations $1,Nov. 2, 1948. Dated Jan. 1, 1949.
000 and $200.
Due $1,200 Dec. 1
in 1964 to
awarded
Trustees.
lage.
of
Fayetteville
1950 to 1959 inclusive.
An.
issue of $9,183 water main
special
assessment
bonds
was
also
O.
Cincinnati), Ohio
a
Denomination $2,000,
Due on Sept. 1
from
Bond
Due from 1950 to 1964: inclusive.
as¬
certified
check
for
1%
of
the
bonds bid for, payable to the Vil¬
1,
Deer
3%
$1,364.
Due
Sale—The $500,000 major
Bond
at
NORTH DAKOTA
;:
for
one
Denom.
Securities Corp., and C. F. Childs
& Co. of New York, jointly, as 2s,
.
Jan. 1, 1949.
903.76
Cuyahoga County (P. O.
Cleveland), Ohio
to
$19,364
special
improvement,
sessment bonds have been sold to
the Sinking Fund Trustees. Dated
ment
1 3/4s,
1952
street
Ohio
Sold—The
Bank, of Chi¬
cago, as 6s, at a price of 117.26, a
basis of about 1.16%. The second
38,000 street improvement bonds:
from
Elyria,
Bonds
000
U the bonds
the
Jan.
on
unopened.
Co¬
1961 to 1966 inclusive.
Clerk of the Board of Education,
dated Dec.
YY" -Y":-Y":
■
of¬
l%s, at a price of
basis of about 1.71%.
a
nish his
are
169,
Columbus,
$20,Jan. 1 from
on
on
the
to
follows:
bonds:
on
1961
to-
as
sewer
l%s, due
June 1 from
June 1 from
1971 to 1979 incl.
All of the bonds
Syracuse Housing Authority, N. Y.
on
on
on
Village
O.
for which all bids received
21 were returned
driven
bonds
interest
net
a
Due
Interstate
of
1950 to 1970 incl.
180,000 2V4S. Due
(P.
16), Ohio
$250,000
motor
be in
cost
due Sept. 2, 1949.
.Trust Co. of Buffalo.
000 notes offered
Durham,
Inc., of
price of
and
$320,000 2 V2S. Due
on.
All of the bonds
424—were awarded to the
p.
Feb.
54,00Q water system bonds. Due
Y
Graham), N. C.
Exempted
District
Cincinnati
as
100.35,
(P. O.
Williston), N. Dak.
(P. O,
•School
awarded to the Mercantile-
were
Williams County
Bond Sale—The
basis
a
Sale consisted of:
$24,500 sewer bonds. Due
Alamance County
of
&
1
*
The
—
and
equipment fund No. 5
lumbus
1962 to 1966 inclusive.
NORTH CAROLINA
Y.
$30,000 electric
bonds offered
Sanders
Elmwood Place
Dated
Columbus, Ohio
School
Bond Sale—The
been
to the Board
Hayden, Miller & Co., of Cleve¬
land, as 2V4S, at a price of 101.08,
2.14%.
have
supervision
certified check for
$1,500, payable
of Education
$230,000 addi¬
about
bonds
the
a
is¬
ion and the printed bonds
will be
at the expense of the
Board
of
Education.
Enclose a
to
of
in
Interest
furnished
(P. O.
tion equipment bonds offered Jan.
21—v. 169, p. 154—were awarded
basis
1%.
Dempsey of
Cleveland, whose approving opin¬
Chillicothe), Ohio
Sale—The
interest
of
said
under
Squire,
a
'
R. R. No. 4,
1949.
chell, of New York City.
at
,
&
price
a
cost of
1.70%
a premium of $27.00.
Feb. 2, 1949.
Due Aug. 2,
Legality approved by Cald¬
l%s,
Centralia Local Sch. Dist.
bonds offered
awarded
were
$1,900,000 tem¬
interest, plus
1949.
to
York
Hutzler, of New York,
Dated
2%s,
1961
Sale—The $103,000 bonds
Jan. 18—v. 169, p. 250—
offered
awarded to Salomon Bros. &
were
from
to
Wilmington, N. C.
Bond
loan notes offered Jan. 21
porary
1
from 1961 to 1966
Housing A utkority,;
Note Sale—The
of interest,
rate
Dec.
All the bonds
New
price of 100.36.
awarded
tional Bank of Waterloo.
a
1953
Corp., jointly/
high bid of 100.95 for
made by the First Na¬
White ^Plains
for
of
1/4
proceedings for the
of
taken
rate
of
The
suance
The
Field,
was
Bidders may bid for
different
A-O.
15
—
$10,000, 1951 to 1953 inclusive; $3,-
000,' 1954 to 1963 inclusive; $2,000
in 1964, and $1,000 from 1965 to
inclusive.
1955
Co.,
Dec.
on
,
Second
2.10s
&
Dated
' Commerce Bank & Trust Co. of
St. Louis, as 1^4s, at a price of
All of the bonds are dated Dec.
100.48, a basis of about 1.11%.
1, 1948. Second high bid of par for
Due on Oct. 1 from 1950 to 1954
$27,000 l3/4s, $25,000 2s, and $20,000
inclusive.
3V4s, or a net interest cost of
Additional
Sale
The
$90,000
about 2.58%, was made by J. Lee
buildings fund No. 1
Peeler & Co.. and Vance Securities fireproof
con¬
dated Jan. 1,
sive.
from
1
1963 inclusive.
1952
169, p. 424—were awarded to
John j. DeGolyer & Co., of Roch¬
ester, as 1.80s, at a price of 105.13,
a basis of about 1.72%.
The bonds
on
Dec.
on
000
v.
are
21/4S, due on Dec. 1,
1952; $15,000 2V2s,
$20,000 2s, due
$10,000
to
Due
highest bidder
bonds:
system
1960 inclusive and $6,000
York
The
—
1950
1949.
1.60%.
to 1965 inclusive.
alarm
on
due
Waterloo, Border City Water
District (P. O. Waterloo),
Bond
1961
and
due
June
for
New
12),
1951
$40,000
;
Buffalo
O.
(P.
$4,000
2.20s
by Roosevelt & Cross,
Bacon, ,• Stevenson - &
Co.,
and
1 from
25,000 fire
author¬
on
District.
the
15,
a
1972.
multiple
about
1953 to 1955 inclusive.
successful
were
$800, payable
(These are the
bonds originally offered on Dec.
15, 1948, the sale of which was
cancelled.)
to
from
Dec.
on
1970, $7,000 in 1971, and $6,-
000 in
Feb.
Bond Offering —
1, 1949.
Due on May and
H. G. Noe,
bonds: $4,000 Nov.
.1, from 1950 to 1972 inclu¬ Clerk of the Board of
Education,
2V4S, due on Dec. 1, 1951 and sive. The second
highest bidder will receive sealed bids until Feb.
1952; $16,000 2x/>s, due on Dec. was
Fahey, Clark & Co., for 2V4S, 18 for the purchase of
$75,000
1 from 1953 to 1960 inclusive,
at a price of 101.05.
land purchase improvement
and $10,000 2%s, due on Dec.
bonds,
7
of
made
100.64
1
and
425—
p.
2V2S, due
$3,000
1962, $6,000 in 1963 and 1964, $7,000 in
1965, $6,000 in 1966 and
1967, $7,000 in 1968, $6,000 in 1969
of
basis
61
30,000 fire station
livered to the successful bidder at
purchasers
169,
awarded to the First Secur¬
and
the bonds. The bonds will be de¬
or
25—v.
con¬
a
Richards
$17,000
fire
equipment
bonds:
$14,000 2V4S, due on Dec. 1
from 1949 to 1952 inclusive,
Spencer. Rate of interest to be
a multiple of *4 or 1/10 of 1%,
and
Jan.
Y
The $72,000 bonds
—
Ohio
Corp. of Cleve¬
l%s, at a price of 100.65,
as
second
Corp., of Durham, at a price
100.013, a net interest cost of
2.57%, as follows:
in
the
North
or
Feb.
Dated
Bond Sale
Dist.,
$80,000
Cleveland
Feb.
C.
Sch.
The
—
251—were awarded to the
p.
land,
a
1, 1949.-
Sanford, N.
Local
Sale
from
Dated Feb.
purchase of $40,000 not to
5% interest bus garage,
exceed
169,
First
about
for
of
'•••'.
1959 inclusive.
1955 to
of
District Clerk, will receive sealed
bids until 2 p.m. (EST) on Feb. 7
purchase
YY'"
Bond
1545)
struction bonds offered Jan. 24—v.
Due Feb. 1 from 1950
inclusive.
Y
2%s.
Due Feb. 1 from
10,000
Brecksville
ities
rell, Chairman, will receive sealed
bids until noon (EST) on Feb. 2
the
price of 100.11; a
of about 2.79%,
a
cost
1954
to
were
York
New
Offering—Thomas F. Far-
No.
CHRONICLE
$10,000 3s.
offered
Van Etten),
O.
(P.
interest
follows:
/: ';-/Y
Erin,
Baldwin,
Etten,
Wilson, at
as
York,
second high bidder, named a rate
Of 1.03%..
Co., New York.
New York City Housing
New York
of
net
New
Y./Y'V'Y
&: FINANCIAL
COMMERCIAL
THE
be
general
No
authorizing
the bonds have
under
con¬
received.
the
the
been
supervision
of
Peck, Shaffer & Williams of Cin¬
cinnati, whose approving opinion
will be furnished to the successful
without
bidder
bond
or
the bonds bid
Board
cost.
Enclose
a
certified check for 1% of
of
for, payable to the
Education.
62
(546)
Lorain
THE
County (P. O. Elyria), Ohio $250,000
Notes
Not
Sold—All
mitted for the
cial
bids
notes
unopened
technicalities.
due
to
series
spe¬
were
Street
Improvement,
Due $25,000
Feb. 1, 1951 to 1960.
250,000
Sewer Improvement,
sub¬
$116,409.67 3%
assessment
turned
COMMERCIAL
re¬
A
series
legal
A
Feb.
The sale consisted of:
bonds.
1,
bonds.
1951
Due
$10,000
1975.
to
County Sewer
District No. 6, Water Supply
Improvement No. 100 bonds.
18,645.20 Griswold Road County
1956
to
District
No.
bonds.
The
1949.
bonds
Feb.
dated
are
Denominations
the
as
15,
pur¬
chaser may request.
Due Feb. 15,
Payable at the County Treas¬
1951.
urer's
office.
F-A.
Interest
looking
proceedings
The
the
issu¬
to
of said notes have been tak¬
ance
the
under
ion
will
furnished
be
the
at
bond
a
certified
or
check
ex¬
Oakwood,
of the County.
pense
City
School
District
(P. O. 1210 Far Hills Avenue,
Mariemont
Bond
Offering
Feb.
the
for
9
Bond
bids
Sealed
—
will be received until
on
Dayton), Ohio
Exempted Village
District, Ohio
School
noon (EST)
purchase of
$135,000 not to exceed 3% inter¬
est construction and improvement
bonds.
Dated
Dec.
15, 1948. De¬
Due Dec. 15,
1950 to 1969.
Principal and in¬
terest (J-J) payable at the Cen¬
tral Trust Co., Mariemont Branch,
nomination
$1,000.
Mariemont.
These
authorized
tion
the
at
Nov,
bonds
the
are
general
elec¬
1948, by a vote
1,941
to 570.
Bids will be
opened at 8 p.m. (eastern stand¬
on
2,
of
ard
time),
on
Le¬
the above date.
gality approved by Peck, Shaffer
Offering—Helen E.
Clerk of the
will
Rees,
Education,
Board of
receive
sealed
bids
until
(EST) on Feb. 7 for the pur¬
of $485,000 not to exceed
6% interest land acquisition and
equipment coupon bonds. Dated
noon
chase
000.
T. Bartlett, Village Solicitor, 1222
Union Trust Building, Cincinnati
until
(EST) on Feb." 14
for the purchase of $52,000 2%%
park and playground bonds. Dated
March 1, 1949. Denom. $1,000. Due
Dec. 1, as follows: $2,000 in 1950,
$3,000 in 1951, $2,000 in 1952, $3,000 in 1953, $2,000 in 1954, $3,000
in 1955, $2,000 in 1956, $3,000 in
1957, $2,000 in 1958, $3,000 in 1959,
$2,000 in 1960, $3,000 in 1961, $2,000 in 1962, $3,000 in 1963, $2,000
in 1964, and $3,000 in 1965 to 1969.
Bidders may bid for a different
rate of interest in a multiple of
3/4 of 1%. Principal and interest
(J-D) payable at the Central Trust
Co., Mariemont Branch, Marie¬
2,
mont.
the
noon
Delivery
of
the
successful bidder
fected
on
bonds
will
ef¬
be
1, 1949.
The approving opinion of Peck,
Shaffer & Williams, of Cincinnati,
will be furnished to the successful
bidder
bond
without
or
cost.
certified
Enclose
check
for
a
$750,
payable to the Village.
Ferry,
Ohio
Bonds Sold—An issue of $32,000
truck
purchase bonds Ijas
fire
been sold to the
Municipal Water
of the bonds have been taken
the
under
supervision
Squire,
of
Sanders & Dempsey, of
Bond Sale Details—The $130,000
Richards
&
Co., and
Prescott.
Hawley, Shepard & Co., both of
Cleveland, jointly, were sold at a
price of 100.09,
of
will
opinion
bond
a
$4,850, payable to the Board of
$26,000 31/2s. Due
1951
to
104.000 3s.
inclusive.
1958
Due
Dec. 1, from
on
Dec.
on
Osgood Local School District, Ohio
Clerk of the Board of Educa¬
tion, will receive sealed bids until
noon
(EST) on Feb. 15 for the
purchase of $6,000 3% water line
sen,
Denomination
$300 March
1959.
ferent
These
bonds
in
mul¬
a
authorized
were
a
1950 to
a dif¬
Interest M-S.
election
Enclose
Due
for
interest
of
rate
general
1948.
for
1,
and Sept.
Bidders may bid
tiple of 3A of 1%.
the
$300.
Nov.
on
certified
at
2,
check
$100, payable to the Board of
Education.
Bond
multi¬
a
ple of V4 of 1%. Principal and in¬
terest
(J-D)
payable
at
the
Rossford Savings Bank, Rossford.
A
complete
certified transcript
•
Enclose
check
the
to
a
for
successful
certified
2%
of
amount
bonds bid for, payable to the
lage Treasurer.
maturity at the option
Village.
of the
Seaman,
fire
has
,
engine and apparatus
sJld
been
price of
to
the
bonds
Winchester
until
the
noon
(EST)
purchase
bonds, divided
of
as
on
sealed bids
Feb.
4
for
$575,000'[ 2%
follows:
Millburn
Winchester,
as
on
date
/.
Route
bonds offered Jan.
4—v.
•
24—v.
to
169,
C.
Polk
authorized
Bond
168,
are
2487,
p.
were
awarded
2.68%.
Due
on
Portland
a
Co.,
Stillwater
National
of
terest.
169, p.
the
syndicate
due
Dated
Bank,
CJ
L.
Securities
on- a
Davis, of Tulsa, and the
of Witchita,
Co.,
bid reflecting
a
net in¬
terest cost of about 2.13% interest.
consisted
of:
$40,000 water main extension and
repair bonds.
/
extension, con¬
version and repair bonds.
148,000 equipment and repair
bonds.
sewer
extension
bonds.
municipal hospital addi¬
tion bonds.
-
.
•
•
000
has
issue of
000
been
sold
has
&
to
the
Philadelphia Na¬
tional Bank, of Philadelphia, and
jointly,
Co., of Pittsburgh,
l3As, at a price of
100.76, a basis of about 1.65%. The
second highest bidder was Harris
Trust & Savings Bank, Chicago,
Reynolds & Co.,< and Schmdit,
Poole & Co., jointly, for l%s, at
a price of 100.66.
as
Hills School
Forest
Bond
1
.
• '
for
the
2%
bonds,
,
„
•
*
,
loan
been
sold
Hutzler
13th
to
series
Salomon
of New York,
Feb.
23,
1949
and
.
Housing
.Authority, Rf I.
Notes
000
Sold—An
temporary
issue
loan,
*••''»
'
of $219,-
43rd
series
notes has been sold to the Besse¬
Trust Co., of Jersey
City, at
1.09% interest, plus a premium of
$6.00. Dated Feb. 23, 1949 and due
mer
Dec. 2, 194.9.
•:
•
'
'
■
'
.
"
'
SOUTH
District, Pa.
"
1
"
-
•
.
CAROLINA
Housing Authority, }
South Carolina
Offering —E. W. Painter,
Secretary,
will
receive
sealed bids until 8 p.m. (EST) on
Feb. 14 for the purchase of $180,-
:
Providence
Charleston
y
.
Dated
First
Corp.,
A. E. Masten &
:
temporary
$700,water
obligation
general
bonds
4
-
due Sept. 2, 1949.
District
sanitary
.
Erie, Pa.
Boston
of
at
1.09% interest, plus a premium of
electric
290,000
..,vJ
$15.00.
First
Stillwater,
check
amount
Newport Housing Authority, R. /.
Notes Soid—An issue of $1,005,'
notes
Sold—An
certified, cash¬
a
treasurer's
or
the face
RHODE ISLAND
4
PENNSYLVANIA
Bonds
Philadelphia, which
charge to
purchaser,
Bros.
City,
mul¬
a
payable to the District Treasurer.
and
1949
of
wealth. Enclose
Sept. 16, 1949.
com¬
Oklahoma
of
23,
1955, and
Bidders to
proved by the Department of In¬
ternal
Affairs of the
Common¬
Co.,
Feb.
1, 1949. Denom¬
1, as fol¬
oply if and after
the proceedings authorizing the is^
suancethereof
have
been
ap¬
251—
Edgar Honnold, of Oklahoma City,
200.000
Munson,
of
of New
York, and associates, at 1.09% in¬
$781,000 bonds
National
Bank
Trust
Dated Jan.
will be delivered free of
ier's
&
p.m.
tiple of "Vs of 1%. These bonds are
issued
subject to the favorable
opinion of Townsend, Elliott &
Housing
Bank
7:30
the rate of interest in
name
bid
a
cost
until
$7,000 in 1956 to 1967.
1950 to
on
interest
bids
on
ination $1,000. Due Jan.
lows: $6,000 in 1950 to
Authority, Ore.
Notes Sold—An issue of $1,485 000 temporary loan,1 13th
series
cal
24—v.
— J.
Stanley
Secretary of the
Directors, will re¬
Feb. 7 for the purchase
$120,000 improvement coupon
of
1,
notes has been sold to the Chemi¬
awarded to
78,000
Jan. 1 from
sealed
(EST)
about 2.87%.
City.
Jan.
Trust
Sale
ceive
bonds.
Jan.
,1
,
Offering
Boar dof School
First
the
District
,
Beamensderfer,
bidder. En¬
to
the
to
<•'
•
Bond
be
must
Dated
net
a
posed of the First National Bank
&
payable
.
par
Bank, Portland,
reflecting
Stillwater, Okla.
were
of the face amount -of the,
Spring Garden Township Sch. Dist.
(P. O. 302 Elmwood Boulevard,
York), Pa.
1969 inclusive, y The second high¬
est bidder was United States Na¬
sold
bonds
'
Sale—The $250,000 school
Jan. 24—v. 169, p.
about
tional
the
are
general election
Treasurer.
Bank, of Portland, \>n a
bid reflecting a net interest cost
dated Dec. 1, 1948, and
Sale—The
offered
than
successful
251—were
approved by George J. Fagin, of
Oklahoma
These
at the
bonds,
offered
1949.
6f
for 2%
National
Small-
free
Nov.
on
of
v.
delivered
been approved by the Department
Internal Affairs of the Com¬
County School District No. 2
(P. O. Dallas), Ore.
bonds
Bond Sale Details—The $200,000
hospital construction bonds pur¬
chased by R. J. Edwards, Inc., of
Oklahoma
City,
as
previously
Bond
Bonds
less
the
Edgar Hon-
was
be
of
certified check for $500.
426—
p.
These
the
to
monwealth.
The
County (P. O.
Okemah), Okla.
l%s,
not
close
a
of interest
of' 1%.
purchaser only if
and after the proceedings author¬
izing the issuance thereof have
nished
Okfuskee
as
thereafter.
for
will
charge
.
i
$12,000 fire
equipment bonds of¬
Note
Sale —The
porary loan
$805,000
tem¬
notes offered Jan.
12
awarded to Salomon Bros.
were
Hutzler, of New .York, at 1.13%
obligation
coupon interest. Dated Feb.-8, 1949 and
1, 1949. De¬ due Aug. 12, 1949.
v
nomination $1,000. Due March 1,
as follows: $7,000 in 1951 to 1970,
SOUTH DAKOTA
and $8,000 in 1971 to 1975.
Each
bid shall specify in a multiple of
Salem, S. Dak.
;
- - ■ J/4 of 1% a single rate of interest
Bond Offering — James M.
000
general
bonds.
March
Dated
..
25,000 sewage disposal plant ex¬
tension and repair bonds.
Legality approved by George J.
Fagin, of Oklahoma City.
isterable
Clackamas
S3
County School District
(P.
O.
Offering
District
Edythe Nelson,
(PST)
the purchase of
on
Jan. 31
$60,000 not to
5%
interest school bonds.
1, 1949.
Denomination
as
Ruffin
Churchill,
general
District
taxes levied
accrued
The
or
at
approving opinion of Winfree,
McCulloch,
Shuler
&
Sayre,
Portland, Will be furnished.
of
000.
on
all taxable
a
able
,
to
the
District.
cashier's
Offering
—
certified
a
to the
These
at
the
Dec. 28. 1848. En¬
cr
bank draft for
or
cashier's check
$3,600, payable
p.iiy Auditor.
Sisseton, S. Dak.
pay¬
Bond
Offering—Oscar
Berger-
.
C. Glenwood
son,
City Treasurer, will receive
sealed bids until 2 p.m.
Feb. 2 for the purchase
000
tem
of
School
Jan.
1,
will
receive
(MST)
1949
coupon
on
of $150,-'
general obligation water
Hughes, Secretary of the Board of
Directors,
on
to 1969.
authorized
or
i
Haverford ' Township Sch. Dist.
(P. O. Havertown), Pa.
Bond
election held
close
1951
bonds
prop¬
prescribed by law. En¬
certified,
Due in
the
of the
treasurer's check for $3,600,
the fiscal agency
County in New York City.
obligations
erty within the District within the
close
Principal and interest (J-
are
payable from, ad valorem
limitations
bids for less than par and
&
are
valid,
1959, optional on Jan. 1, 1957.
No
of
the" bonds
that
Pittsburgh,
without 000 not to
exceed 3%
interest,
Burgwin, semi-annual, sewer bonds. Dated
June 15, 1949.: Denomination $1,Hazlett, of
receive
opinion
the
$1,000. Due $10,000 Jan. 1, 1954 to
of the
Garry, City Auditor, will receive
sealed bids until 7:30 p.m.'
(CST)
on Feb. 4 for the
purchase of $72,^
will
purchaser
charge
Clerk, will receive sealed
bids until 8 p.m.
for
Colton), Ore.
—
Reg-
to principal only. The
which the bonds are to bear.
OREGON
par.
Bond Sale—The $20,000 fire ap¬
which
value.
The
approving legal opinion of
Winfree,
McCulloch,
Shuler
&
Sayre, of Portland, will be fur¬
J) payable at the County Treasur¬
Township (P. O.
1, Phalanx), Ohio
1, 1951 and
1, 1949.
Vs
of
issued subject to the fa¬
are
2, 1948. Enclose a certi¬
for the purchase of $12,fied, cashier's or treasurer's check
Feb. 4
sold
of
23/2S, at a
Southington
Feb.
the rate
name
mulitple
vorable opinion of Townsend, El¬
liott & Munson, of Philadelphia,
000 not to exceed 6% interest im¬
Co., Wichita.
er's office
paratus
//// rS
■.
highest bidder
interest.
Bond Offering—G. E. Lyle, City
Auditor, will receive
second
Dated Jan.
Ohio
s
Pendleton, Ore.
Offering—Charles E. Bur¬
nett, City Recorder, will receive
sealed bids until 7:30 p.m. (PST)
or
.
Bonds Sold—An issue of $10,000
Bank of
Norwood, Ohio
from
exceed
1959 to 1978,
Due Feb.
'
ders to
Bond
Oklahoma" City. .Due
1952 to 1963 inclusive. The
Bond
$10,000
street
improvement
bonds
has
been sold to the City Bond Retire¬
bonds
Dated
of
No.
Sandusky, Ohio
Feb. 15, as follows: $35,000 in 1950
to 1977, and $20,000 in 1978. Bid¬
to 1960 inclusive.
Educa¬
Board of
—
awarded
were
of
Vil¬
15, 1949. Denomination $1,000. Due
&
219,000 2s. Due Feb. 1, from 1953
tos the
cashier's
or
the
bidder.
1, from
of
Sale
Kan.,
Samiec,
Offering—Harry
1959 to 1978 inclusive.
Bonds maturing in
Bond
Evan
Village Clerk, will receive sealed
bids until noon (EST) on Feb. 5
for the purchase of $18,200 2%
improvement coupon bonds. Dated
Dec. 1, 1948. Denom. $1,000, one
for $1,200. Due Dec. 1, as follows:
$2,200 in 1950, and $4,000 in 1951
to 1954. Bidders may bid for a dif¬
all
payable
V
First
Rossford, Ohio
p.
V 1952
Comanche, Okla.
installation bonds.: Dated Feb. 15,
1949.
169,
Foster
to
in
$56,000 3s.
of
OKLAHOMA
Dirk-
Bond Offering—Linus A.
ment Fund.
to be redeemable in inverse order
'ry
noted in
Bonds Sold—An issue of
follows:
;
furnished
be
certified check
or
19—v.
of about 2.07% as follows:
Cleveland,
Education.
net interest cost
a
about 3.03%, as
Clerk-Treasurer
tion.
whose unconditional and approv¬
nished
first mortgage water works reve¬
nue
bonds
purchased by Field,
Board
certified check
a
$2,000,
nold,
issuance of the bonds will be fur¬
Ohio
for
tiple of V4 of 1%.
Interest M-N.
Proceedings looking to the issu¬
proceedings
evidencing
the regularity and validity of the
Milford,
Enclose
and
of
Department.
1948.
bond
Jan.
ance
Jan.
awarded
Marshall, and Conrad, Bruce &
Co., both of Seattle, jointly, at a
price of 100.02, a net interest cost
taken under the
were
000,000 improvement general ob¬
$275,000 school ligation coupon bonds. Dated Feb)
provement, series 81 bonds. Dated
Feb. 1, 1949. Denomination $500.
Due Feb. 1, as follows: $1,000 in
bonds will be furnished by the 1950 to
1955, and $1,500 in 1956
District at the District's expense. to 1959
(F-A). Bonds shall be sub¬
These are the bonds authorized at ject to call and
redemption on Feb.
the general election on Nov. 2,
1, 1950, and on any interest paying
truck
ferent rate of interest in
Martins
the
of
offered
251—were
sealed bids until 8 p.m. (EST) on
10 for the purchase of $1,-;'
Feb.
supervision of Squire, Sanders &
Dempsey, of Cleveland, whose ap¬
proving opinion and the printed
fered
to
about March
or
these bonds
1970, and $23,000 in
-Bailey, Village Clerk, will receive
sealed'bids at the office of Francis
Clerk-Treasurer
Bidders may bid for a dif¬
ferent rate of interest in a mul¬
for
Julian C.
—
bonds
Offering—James H. Bean,
1971.
000 in 1950 to
Enclose
Bond Offering
Oregon
Bond Sale—The
Dated
Strongsville Village Local
School District, Ohio
1, 1949. Denomination $1,Due Nov. 1, as follows: $22,-
without expense to the purchaser.
Mariemont, Ohio
2.35%.
Jan. 1, 1949. Due on May and Nov.
1 from 1950 to
1959 inclusive.
March
ing
Cincinnati.
Williams of
&
about
Monday, January 31, 1949
Hood River County Sch. Dist.
No. 3 (P. O. Hood River),
Education, will receive sealed bids
until 8 pm. (EST) on Feb. 11 for
First
National
Bank,
Norwood. the purchase of $200,000 3% build¬
Bidders may- bid for a different ing and gymnasium bonds. Dated
rate of interest in a multiple of March 1, 1949. Denomination $1,Due $10,000 Dec. 1, 1950 to
1/4 of 1%.
Interest F-A.
These 000.
bonds are part of the $1,575,000 1969. Bidders may bid for a dif¬
issue
authorized
at
the
general ferent rate of interest in a multi¬
election on Nov. 2, 1948. No con¬ ple of 1/4 of 1%. Interest J-D. Pro¬
ditional bids will be received. En¬ ceedings looking to the issuance of
close
supervision
& Dempsey,
of
Bond
of
for 5% of the amount of bonds bid
Squire, Sanders
of
for, payable to the City.
Cleveland, whose approving opin¬
en
basis
a
1960.
Dated Feb. 1, 1949.
Denomina¬
11, Water tion $1,000. The bonds are pay¬
Supply Improvement No. 100 able from unlimited taxes at the
Sewer
CHRONICLE
168, p. 2594—were awarded to
Ryan, Sutherland & Co., of To¬
ledo, as 2V2S, at a price of 100.79,
75,000 Fire Apparatus bonds. Due
Feb. 1, as follows: $7,000 in
1951
to
1955, and $8,000 in
$97,764.47 Vincent
FINANCIAL
&
sys¬
bonds. Dated
1849. Due Jan.
1, as fol-
&
COMMERCIAL
THE
Number 4773
Volume 169
FINANCIAL
CHRONICLE
'
'
'
■
$10,-
$5,000 in 1950 to 1953,
lows:
interest which shall be
in
mul¬
a
in tiple of 1/10 or a multiple of Y\
2.964'to 1969. Bonds maturing in of 1% per annum, with all ma¬
19(54 to 1969 will be subject to turities of a ..given year bearing
redemption and prepayment at the same rate of interest.
the option of the City on Jan. 1,
Principal and interest
(M-S)
1959, and on any interest payment payable at the Chemical Bank &
date thai eafter, in inverse serial Trust Co., New York City, or at
000 in 1954 to 1963, and $5,000
redemption price of
numbers at a
phis accrued interest. Princi¬
pal and interest (J-J) payable at
par
suitable banking institution
designated by the successful bid¬
any
der. Rate
rates of interest to be
or
designated by the successful bid¬
a multiple of M or 1/10 of
A%. The City will furnish with¬
der in
out
and
purchaser
the
to
cost
after award of
sale, the printed and executed
bonds and approving legal opin¬
ion of Dorsey, Colman, Barker,
■Scui't & Barber, of Minneapolis.
within
XO
Enclose
check
days
certified*
a
draft
bank
or
cashier's
or
for
$3,000,
payable to the City Treasurer.
'i
•
r
••
the Union Planters National Bank
&
Trust
Co., Memphis.
In the
preparation
and
sale
of
these
bonds, the legal steps have been
under
taken
the
direction
of
Newark, Moroney, Beissner & Co.,
of Houston, Columbian Securities
Corp., of Texas, of San Antonio,
Kebbon, McCormick & Co., of
Chicago, H. V. Sattley & Co., of
Detroit, Barrett, Fitch & Co., of
Kansas City, Boettcher & Co., of
Denver,
Soden-Zahner
Co.,
of
Kansas City, R. A. Underwood &
Co., of Dallas, and Lovett Abercrombie & Co., of Houston, at a
price of 100.01, a net interest cost
of about 2.52%, as follows:
King & Dawson, of New
$1,000,000
water
works bonds:
York City. These bonds will be
$115,000 4s, due on Feb. 1
delivered
in
Memphis, in New
from 1950 to 1952 inclusive
York, or the equivalent of New
and $885,000 2y2s, due on Feb.
York, at the option of the pur¬
1, from 1953 to 1974 inclusive.
chaser.
Place of delivery shall be
1,000,000
street
improvement
designated
in
bids.
Payments
bonds: $86,000 4s, due on Feb.
shall be made in Memphis or New
1 from 1950 to 1952 inclusive,
York funds.
Proposal blanks will
and $914,000 2y2s, due on Feb.
be furnished by the Board of Edu¬
1 from 1953 to 1974 inclusive.
cation and bidders are requested
125,000 fire
stations improve¬
to use such forms in submitting
ment bonds: $11,000 4s, due
their bids.
Said forms provide
on
Feb. 1 from 1950 to 1952
space for naming the net interest
inclusive, $114,000 2y2S, due
Wood,
cost and it is desired that this in¬
TENNESSEE
formation
Enclose
Benton
County (P. O.
Camden), Tenn.
/
be
furnished
250,000
000
.
&<mtl Offering—Blondell Smith,
payable to the Board of Edu¬
cation.
'■ vy
•
000 not to exceed 4% interest elec¬
tric revenue, series 1949 bonds.
Dated Jarb lv 1949. Denomination
Bond
Sale
Corp.,
reflecting
bid
tW ift
to .493^, $6,000 in 1954
1950, $7,000 in 1957 to 1960, $8,-
of
to
noted in
1961 to 1964, $9,000 in 1965
to
in 1968 to 1972,
Ci V >0 in 1974 to T976. The
>
p.. a
,
"
.
1
part of
ri
'
n
•
h
.
$10,000
'
•
of $210,000 of which 10
luring Jan. 1,
'
hied
■
.
for
1973,
refunding
are
the
ir
after Jan. 1,
and
i
<al
in
1958,
.and
.
78,000 2V2S.
•
it*
;
■
for each bond redeemed
m
•:
uly
;
1964, shall decrease
1,
of $2.50
i
*.•
'■
tame
*/,
t
a.
rj
•
request-
are
rates of in-
or
multiple of J/4 of 1%.
Not
f
/
Cie
1
than three
more
than
more
rate
one
maturity.
June 1, from
1955 to 1960 inclusive.
167,000 23/4s. Due
on
+
Dated Dec.
Giesecke,
Jr., City Treasurer, will receive
sealed bids until 7:30 p.m. (CST)
on
Feb.
1
for the purchase
of
bond
forms
to the purchaser.
cost
at
Enclose
a
to the
County Trustee.
V/
-
Sale—The
$20,000
on
Jan.
25—v.
169,
Dated Feb. 15, 1949. Denom. $1,000.
Principal
able at
court-
awarded to J. C. Bradford & Co.,
Na:
of
hville,
l%s,
as
at
a
price
of 100.385, a basis of about 1.66%.
The bonds
1954
of
on
for
1, 1949
Jan. 1 from 1950 to
inclusive.
100.24
the
dated Jan.
are
and mature
Second
l%s
high bid
made
was
by
Citizens Bank, Lafayette.
Offering
—
O.
to
are
not
of
be
y8
or
than
more
terest. The
1/10
of
three
of
Vinson, Elkins, Weems &
authorized
held
on
certified
of the
at
July 10, 1948. Enclose
or
Feb.
8%
interest
15 for the
school
ex¬
coupon
bonds,
Dated March 1, 1949.
De¬
nomination $1,000.
Due March
1,
follows: $33,000 in 1950 to
1978,
$433100 in 1979. These bonds shall
as
bear
interest
at
a
rate
City.
Sale
—
The
or
rates of
offered
Chicago,
Corp.,
cago,
York,
Equitable"
a
169,
Otis
Francis I.
York,
4 Securities
of
&
J.
Co.,
&
duPont
B.
of
Chi¬
Cleveland,
Co., of Chicago.
&
Co., of New
Hanauer
&
Co.,
offered
notes
awarded
Bank
&
the
to
Trust
Jan.
12
Chemical
Co., of New York,
Associates, at 1.20% interest.
Feb. 8, 1949 and due Sept.
Dated
16,
1949.
Mission
Indep. Sch. Dist., Texas
of
of
The
right
the
$150,000
school bonds purchased by R. A.
Underwood & Co., of Dallas, as
previously noted in
District
redeem
unmatured
reserves
any
and
numerical
all
or
outstand¬
in
par
order
on
any
in New York City, at the
option of the holder.
Bidders are
required to submit a bid specify¬
ing either (a) the lowest rate of
interest
above
and
will
the
lowest
premium,
if any,
which the bidder
the bonds, or (b)
at
purchase
par
which
of
rate
the
at
interest
will
bidder
purchase
the bonds at par.
The bonds will
be sold with the opinion of Pres¬
ton, Thorgrimson & Horowitz, of
Seattle, approving the legality of
Enclose
same.
check
for
5%
certified
a
the
of
of
amount
the bid.
168,
p. 2740
follows:
v.
sold at par, as
—were
to
cipal and interest (F-A) payable
at the County Treasurer's office
or
at
the
fiscal
agency
of the
the
Bond Sale Details—The
$20,000 3y4s.
Due
Dec. 1 from
on
WISCONSIN
28,000 3y2s.
1959
Due
1968
to
102,000 3%s.
inclusive.
Due
Dec. 1 from
on
Co.,
Trust
0.90%
bonds
on
purchased
bid
a
$250,000
by the
of San An¬
reflecting
net
a
interest cost of about 2.2%, as pre¬
viously
as
jointly, for $496,-
noted in
basis of about
a
sold at
v. 169, p. 252
price of par, as fol¬
a
45,000
Due
1952
2s.
Jan. 1 from
on
inclusive.
Due
Jan.
on
from
1
1953 to 1955 inclusive.
160,000 214 s.
2.55%.
~ ~~
Due olfJan. 1 from
1956 to 1959 inclusive.
Brownsville
Authority,
Housing
All the bonds
$201,000
1,
have
Trust
sold
been
Co.,
1949 and due
Dated
temporary
notes
(P. O. Angleton),
Texas
Bond Sale Details—The
000 school bonds
viously
were
are
sold
as
dated
Dec.
Education,
3s, at
Dec.
1,
from
1
1948,
1949
San
p.
3.13%,
as
1949
to
1964
25,000 3s. Due
to
1968
Feb.
8,
1949
and
Sept. 2, 1949.
Dec.
County Public Hospital
1 (P.O. Odessa),
Dist. No.
inclusive.
from
/
Cutler,
by
the bonds
are
000
hospital
McCall,
to
the
Central
vestment Co., of Texas, of
as
4s,
at
a
price
of
par.
$150,000 high
awarded to F. S. Moseley &
Co., of Chicago, as l34s, at a price
101.716, a basis of about 1.55%.
were
dated Sept.
are
1, 1948
(Sept. 1 from 1949
on
to 1963 inclusive. Second high bid
of
101.70
for
l3/4s
was
made
by
Watertown, Wis.
Bond
Offering
Clerk,
4. for
—
will
the
A. W. Duffy,
receive
purchase
bonds, divided
sealed
as
of
$62,000
follows:
and Improvement bonds. Due
bonds
July
1,
1950
bid reflecting a
on a
to
follows: $3,000 in
as
1965,
and
$2,000
in
1966.
Walla Walla County,
Due
Walla Walla
School District No. 110 (P. O.
Walla Walla), Wash. '
Offering
woodie,
Texas
system improvement bonds
sold
Wis.
The
—
<>
Bonds Sold—An issue of $50,000
been
cer¬
school addition construction bonds
offered Jan. 24—v. 169, p. 427—
County
—
Dated
Fannie Dun-
In¬
Dallas,
Dated
receive
(PST)
chase
6%
sealed
of
until
for
15
2
the
Dated
Jan. 1, 1949. Legality approved by
nomination
Dumas, Huguenin & Boothman, of
as
Dallas.
000 in
follows:
not
to
terest
Feb.
Jan.
p.m.
1,
to
s
1949. Denomina¬
Principal
in¬
and
payable at tl^e City Treas¬
urer's
office.
must
exceed
obligation
1%,
be
All
and
than
more
in
no
one
a
interest
rates
multiple of
bid
shall
rate
of
V4
specify
interest
15, 1949. De¬
which
$1,000.
bonds.
1950
1,
pur¬
of
general
July
V
$1,000.
will
bid
$800,000
interest
bonds.
bids
Feb.
on
Treasurer,
Hangar
$1,000
1961.
tion
has
a
$50,000 Water Main Construction
construction
Bond
sewer
Enclose
Tomah,
Bond Sale
net interest cost of about 2.69%.
dated Dec. 10, 1948.
Hamilton,
Chicago,
The purchaser
printed bonds at
expense.
12,000 Airport
approved
of
of the City.
own
Bonds Sold—An issue of $120,-
has been sold
10
&
which opinion will be furnished to
the successful bidder at the ex¬
City
Wash.
inclusive.
on
Dated
follows:
Dec. 10 from
on
F-A.' The
$1,595,000 tem¬ Paine, Webber/Jackson & Curtis,
of Chicago.
loan notes offered Jan. 12
Lincoln
2488
X
$55,000 3y4s. Due
multiple of
general obligations of
the City and are being issued sub¬
ject to the approving opinion of
are
bids until 7:30 p.m. (CST) on Feb.
sold at par, a net interest
cost of about
Authority,
Antonio,
168,
v.
All interest
a
Interest
Sale—The
terest.
purchased by
of
previously noted in
—were
$80,0'00
due
bonds
Co.,
bonds
Hutzler, of New York, at 1.14% in¬
Sale Details—The
1949. De¬
Due $10,000
$1,000.
1%.
■
school
1,
awarded to Salomon Bros. &
were
&
of
and mature
Wash.
Dist.,
"
interest
Feb.
of
Housing
in¬
T exas
Dittmar
at
/;v'y
Bremerton
porary
Granbury Independent Sch.
y4
sealed
(CST) on Feb. 7
of $100,000 not
Feb. 1, 1952 to 1961.
rates bid must be in
The bonds
clusive.
school house
New York,
23, 1949 and due Sept.
16, 1949.
Note
Bond
of
receive
2V4%
Dated
series
par,
1973
exceed
bonds.
Boland,
premium of $29.50
a
Dated Feb.
and due
to
Co.,
to
i
WASHINGTON
price of
a
&
sold
56—
p.
to
R. V. Hauser,
—
will
$1,345,-
15th
as pre¬
169,
v.
Saffin
loan
been
1.07%, plus
$1,750,-
purchased by the
in
noted
has
23,
tified check for $3,000
payable to
the City Treasurer.
Redevelopment and
Housing Authority, Va.
000
Brazosport Indep. School District
Clerk,
bids until 8 p.m.
for the purchase
his
Notes Sold—An issue of
23,
Feb.
Sept 2, 1949.
on
Richmond
at
Philadelphia,
of
interest.
1.05%
Feb.
May 23, 1949.
shall furnish the
VIRGINIA
Girard
the
to
City
pense
tem¬
loan notes offered Jan. 24
Milwaukee, at
Dated
Offering
Chapman
dated Jan.
are
1949.
T exas
Sale—The
of
Neenah, Wis.
Bond
nomination
1950 to
?
$470,000 tem¬
High Sch. Dist., Tex.
First of Texas Corp.,
tonio,
Bank
interest.
1949 and due
Bond Sale Details—The
school
Sold—The
porary loan, 7th series notes have
been sold to the First Wisconsin
National
1, 1948.
Plains Rural
Notes
Dec. 1 from
on
Housing Authority,
Wisconsin
1969 to 1979 inclusive.
1,
highest bidder
Milwaukee
1949 to 1958 inclusive.
p.
Roosevelt & Cross, of New
Julien Collins
Housing Authority, Texas
were
and
at
Dec. 4, 1948.
on
Sale—The $452,000 tempo¬
loan
rary
3y2&, and $1,904,000 2y2s, at a
syndicate
Co.,
&
Note
Parkhurst & Crowe, of Dallas. All
Jan." 25—v.
Dempsey
Lubbock
$45,000 2y4s.
composed of John Nuveen & Co.,
of
the election held
of
Co.
authorized
lows:
1965
$2,400,000
1964.
Associates.: State
and
were
:
Beaumont, Tex.
purchase of $1,000,000 not to
ceed
a
principal amount of bonds
Bond
Dallas,
bonds
wood, Neuhaus & Co., Detmer &
cashier's check for 2%
bid upon, payable to the
Jones,
of
These
been sold to
Investment
Central
Texas,
were
Legality
H.
the
1974
dated Feb.
are
Union
Dallas
Corp.,
election
an
bonds
on
in¬
in
the
interest payment date on and after
5 years from date of issue.
Prin¬
\
000 school bonds has
Dallas, Fox, Reusch & Co., Under¬
with
purchasers the
252—were awarded-to
(CST)
1%,
mul¬
Francis, of Houston. These bonds
were
to
1953
rates
City will furnish with¬
tion, will receive sealed bids until
p.m.
a
rates of
Secretary'' of the Board of Educa¬
2
pay¬
unqualified approving legal opin¬
ion
Texas
1952 in-
Halsey, Stuart & Co., Blair
Co., Inc.," R. W. Pressprich &
Co., Paine, Webber, Jackson &
Curtis, A. G. Becker & Co., C. F.
Childs & Co., First of Michigan
in Hous¬
interest
on
out expense to the
Memphis, Tenn.
Bond
interest
and
national bank
a
in
in
in
in
1962, $65,000 in 1963, and $67,000
ing bonds of the issue at
Indep. School District,
Sale—An issue of $1,250,-
Bond
&
State Board of
1979.
tiple
156—were
p.
$5,000 in 1967 to
1954, $53,000 in 1955,. $55,000
$56,000 in 1957, $58,000
1958, $59,000 in 1959, $60,000
1960, $62,000 in 1961, $64,000
1956,
inverse
Lubbock
was
$4,000 in 1962
specified by the bidders in
I'.WAh improvement bonds offered
from
1
The second
1949..
15, as follows: $1,000 in 1950,
$2,000 in 1951 to 1954, $3,000
Bids
County (P. O.
Lafayette), Tenn.
Bond
as
ton, to be designated by the City.
Macon
from
All the bonds
porary
to 1966, and
Boothman, of Dallas.
Dated Dec.
$100,000 Street bonds. Due Feb.
15, as follows: $1,000 in 1950
to
1958,
$2,000 in
1959
to
1963, $3,000 in 1964 to 1966,
$4,000 in 1967, $5,000 in 1968
to 1970, $6,000 in 1971 to 1978,
and $5,000 in 1979.
115,000 Sewer bonds. Due Feb.
in 1955 to 1961,
by
inclusive.
on
•:
1
Feb.
on
Note
no
certified check, for $4,000, payable
1950 to
follows:
$215,000 bonds, divided
for
improve¬
Feb.
price of 100.07,
Offering—Neal
Investments,
4y2s, at a price of par.
15, 1949. Legality ap¬
Dumas, Huguenin &
as
Jan.
proved
inclusive, $22,000 2y2s, due on
000
Angleton, Texas
Chapman & Cutler, of Chicago,
and the blank
1. 1948.^
TEXAS
The 'County
Dated
$3,000 4s, due on
Winston & Co.,
Bond
Dallas,
Co., Dittmar & Co., and Rowles,
June 1, from
1961 to 1970 inclusive*
the approving opinion
•
June 1, from
on
interest may be specified
,!.:■■
•
rate
a
Crt J-J.
3
for each cal-
Bidders
y/mu'.
/
each bond
after Jan. 1, 1957,
before July 1, 1964. The
cr
.
v
on
Due
on any
interest plus
of $30 as to
on or
Due
1950 to 1954 inclusive.
igl^fpayment date thereafter
htCed
C. Bradford & Co.,
1974
to
ments bonds:
following
numerical
inverse
accrued
J.
$55,000 3V2S.
-Hvyw- j issue of $210,000 which
r
the
and
1953
stations
police
25,000
on
Nashville, and C. H. Little &
Co., of Jackson, at a price of
100.02, as followsr
pur-
?
net interest cost
of
hp i.. The bonds of the total
1
above
from
1
inclusive.
2.73%,
as
previously
169, p. 156—were sold
v.
associates:
exchanged for outstand-
:
v
•V
v
total author-
a
about
improve¬
sewer
$25,000
"
$300,-
Nashville,'
of
a
of
63
in
Texas
works bonds has been sold
water
to the Louis B. Henry
1974
to
bonds:
Feb.
on
.1
Details—The
curities
a
,
-
000 electric system revenue bonds
purchased by the Cumberland Se¬
SlJi'Kl Due Jan. 1,,»« follows: $5,-
m.
Tenn.
1953
$19,000 4s, due
on
Feb. 1 from 1950 to 1952
inclusive, $231,000 2y2s, due
,
Pulaski,
storm
ment
County Court Clerk, will receive
.sealed bnls until 2 p.m. (CST) on
Feb, XI for the purchase of $200,-
from
1
Hughes Springs,
Bonds Sold—An issue of
inclusive.
certified check for $25,-
a
Feb.
on
thereon.
(547)
*
'
.
Due Feb.
15,
and
$48,000 in
1951,
$50,-
1952, $51,000 in 1953, $52,000
no
shall
apply to both issues
bid will be considered for
(Continued
on page
64)
U
(548)
THE
State and
%
COMMERCIAL
&
FINANCIAL
CHRONICLE
Monday, January 31, 194J
City Dep't
(Continued from page 63)
less than all of the bonds of both
issues.
The
bonds
will
be
the
direct
general obligation of the
City and are being issued subject
to the approving opinion of Chap¬
'X
&
Cutler, of Chicago, which
will be furnished to the
successful bidder at the expense of
the City. The purchaser shall fur¬
nish the printed bonds at his own
expense. Enclose a certified check
for $2,000, payable
to the City
man
opinion
How is YOUR
Treasurer.
WYOMING
County (P. O.
Rowlings), tVyo.
Bond
Offering
R.
—
"EVERYBODY-BENEFITS" plan?
in this
Carbon
G.
Eng-
strom, County Clerk, will receive
sealed bids until 2 p.m. (MST) on
Feb. 15 for the purchase of $450,000
county
memorial
hospital
bonds.
Dated March 1, 1949.
De¬
nomination $1,000.
Due $25,000
March 1, 1950 to 1967.
Bonds ma¬
turing in 1960 and thereafter are
redeemable
at
the
option of
the County on March 1, 1959 and
on
any
interest
payment
date
Interest M-S.
thereafter.
gality
era
will
purchaser
I
$30
—
I
$25
—
I
$20
—
$15
The le¬
furnished
be
—
$io
—
,
I
•
lw
4 i'wayup *,ere *n
'
75%
i
bonds
the
many
companies!)
^ --your goal
the
at
Nov. 2,
bids shall be accompanied by
1
certified check.
or
.
•v-'f
CANADA
•
BRUNSWICK
^
(P. O.
ffew Brunswick
■1
■
employee participation
with others who have Payroll Savings
Compare
NEW
I
25%
1948.
deposit of 5% of the bid, which
shall be in cash
1
^ average
These
authorized
on
■
50%
the
to
charge.
without
general election
?
PER MONTH
100%
opinion, together with the printed
All
WORKER
Dawson, of Denver, whose
bonds,
a
BONDS
SAVINGS
S.
PER
by
Dick &
are
U.
PAYROLL PLAN
VIA
INVESTMENT IN
AVERAGE
BUYING
SAVINGS BONDS
S.
the bonds will be ap¬
Pershing, Bosworth.
of
proved
EMPLOYEES
U.
*
your
I'
,;
v
.
Fredericton), N. B.
Debentures
A
Publicly
Offered—
syndicate composed of the Do¬
Securities
minion
Corp.,
Gouinlock & Co., Wood,
Bell,
Gundy &
If the
figures for
roll Savings Plan! These
O
Nation-wide
A.
ment
&
&
Co., Mills,
Spence
from the swollen
fall below those shown
of benefits of the Pay¬
Co., all of Toronto, Eastern Se¬
benefits
are
Murray
F. J.
&
Co.,
Brennan &
is publicly
Toronto,
of
and
Co., of Halifax,
offering $5,556,000 de¬
bentures, divided
Bonds pay
on
their
follows:
as
more
WHAT CAN
$3,000,000
3Va°Ic
refunding
improvement debentures.
on Feb. 1, 1957.
2,556,000
3V2%
refunding
improvement debentures.
Feb. 1, 1965.
Denomination
$1,000
and
the Plan, its benefits rise sharply.
—backed
able in lawful money
of
chartered
bank in
lottetown,
St.
Winnipeg,
Canada
Halifax,\CharMoncton,
Calgary
Regina,
.
pay-,
Montreal, ■' Toronto,
Fredericton,
Every $3 invested in Savings
The
need is available from
Vancouver. Legality approved by
gart, of Montreal.
haven't yet installed
its benefits any longer? All the
your
State Director,
telephone book.41: Call him now!
Do You Real izt
Over
large companies with Payroll Sav¬
•
More than Vz of this volume
ings, records show that—following installation of the
held by
Plan—production increased, absenteeism and accidents
t
575,000,000,000 worth of Savings- Bonds have been
bought since 1941.
the purchasers.
—over
•
$50,000,000,000 — is still
W-.r-
.
I
During 3 months of 1948, 1,500.additional large firms in*
decreased!
stalled the
~
Payroll Savings Plaij^!"'""**
'
.
^*4
or
Dalay, Thistle, Judson & McTag-
you
pass up
Savings Bonds Division, U. S. Treasury Department.
Worrying less, they work better. Among
than 20,000
of benefits. If you
why
participation in Payroll Savings makes workers
contented.
more
has the Payroll
goes
more
the
Via this
BENEFITS TO THE NATION:
The Payroll Savings
Plan is
a
on
-f'a,
Vt'
than
of $20.]p'er.moothJ^of their pay-
$150,000,000^ per monthap Bonds.
|
'
Kenogami, Que.
Sold—An
issue
of
$75,-
000
road
the
The
Geoffrion, Robert & Gelinas,
bonds
been
has
Treasury Department acknowledges with appreciation
THE COMMERCIAL AND FINANCIAL
98.54,
from
basis of about
a
Jan,
1950
1,
to
1949.
3.43%.
Jan.
Due
This is
1,
1955 inclusive.
DIVIDEND NOTICE
THE
BUCKEYE
PIPE
LINE
COMPANY
30
Broad
New
The
lias
Board
of
Street
York,
January 27,
Directors
of
-
this
1949.
Company
this
day declared a dividend of Twenty
<20c) Cents per share on the outstanding capi¬
tal stock, payable March 15. 1949 to sharehold¬
ers
18,
of
record
at
the
close of
business
February
1949.
C.
O.
BELL, Secretary.
CHRONICLE
't
i
Dated
the publication of fhqmessage by
sold to
Inc., of Montreal, as 3s, at a price
cf
,5
plan, 7,500,000 'workers'are^edeh investing
the average
more
powerful deterrent to inflationary forces. Every Savings
Bond dollar built up in the Treasury withdraws a dollar
0
QUEBEC
Bonds
V
by your top executives—to bring your company
measure
He is listed in your
feeling of security that
If your company
help
with regular saving.
BENEFITS TO EMPLOYERS:
YOU DO?
the Plan,
things they will want—plus the peace of
with
designated
John,
.
and
Due
its full
$4 at maturity. Workers gain a 331/3% return
mind that goes
$500.
Principal and interest (F-A)
at the main office of a
and
Due
'
Savings Plan, make sure it's being adequately promoted
money—enabling them in the future to buy
of the
t
-
curities Co., of St. John, Cochran,
BENEFITS TO EMPLOYEES:
«t| I
r**i
,
iI
V.'
described below.
experience proves that when top manage¬
puts the "OK" on
spending stream, The Plan thus con¬
security—which affects your security!
tributes to national
above, you're missing your share
Co., McLeod, Young, Weir & Co.,
E. Ames
your company
..»*
an
official U. S. Treasury advertisement prepared under
(
(
the auspices of the Treasury Deparfment&adHhd-'Advertising Council.
rkfT'".'■
•• *
-
A
@FedFRASER