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JAN * 41943 MONDAY Reg. U. S. Pat. Office Volume New Number 4139 157 Price 60 Cents York, N. Y., Monday, January 4, 1943 Copy a A STATE CITY AND DEPARTMENT BOND PROPOSALS AND NEGOTIATIONS Lynch and Joseph B. attended the burning ex¬ Corporation News presence. total $5,000,000 in State bonds has been retired. Last year $1,865,000 brought market at QUOTATIONS New York a in back the open interest saving. an said Judd that the Mr. able ther Exchange will the mium State's prices favorable. (See Index Below) sold in these columns last ALABAMA ' Call—S. B. Howard, Bond July 6, 33, mature May 1, as fol¬ lows: $2,000 from 1943 to 1946 incl. and $2,500 from 1947 to 1954 incl. Bonds maturing in 1947 page Ala. City Clerk, calls for payment on Feb. 1943, series A general refund¬ and thereafter are callable, in in¬ ing bonds Nos. 15, 24, 34, 43, 62, verse numerical order, on any in¬ 84 and 92. Dated Feb. 1, 1937, terest date at 2% premium. and due Feb. 1, 1957. Payable at the First National Bank of CONNECTICUT 1, Florence. : . Connecticut ARIZONA "AV\% electric light plant revenue bonds sold at par to Boettcher & Co. and Oswald F. Benwell, both of Denver, —are in in $3,372,000 Holbrook, Ariz. Additional Details—The $94,000 jointly—v. 156, p. 1905 denoms., interest $1,000 (State of) Matured, Burned—Governor Bonds Retired Hurley and other State fiscal official^ of¬ ficiated at a bond burning pro¬ Dec. 21, when $3,372,000 matured- and retired bonds gram in were on A liq¬ indebtedness building furnace as required by payable M-S> and mature Sept. 1, law. %% ;• as follows: $2,000 in 1944 to 1946, The $3,372,000 bonds include $3,000 in 1947, $4,000 in 1948 to 1952, $5,000 in 1953 to 1956, $6,000 $2,100,000 bought back in the open in 1957 to 1960, $7,000 in 1961, market the past year by Deputy in $14,000 in 1962. Redeemable numerical order on inverse Treasurer interest Thomas H. Judd at an saving of $209,661.87 after payment of premiums. 1945, or any interest date up to and including chases March 1, thereafter March 1, 1950, The pur¬ made out of surplus were at par and accrued transferred to the bond retirement '*• ;/r Coral Appeals . and — to past-due 5s and 6s. Bondholders have agreed to the proposal, it said. Gables, ? ■ ■ ;Yv De¬ cree—Appeal from the interlocu¬ tory degree putting into effect the city's $11,000,000 debt refunding program—v.; • 156, p. 1993—was filed Dec. 19 in Federal Court by three creditors approxi¬ holding bonds. The by Augustus mately $348,000 of appeals were made of lands the owners), property bonds county though even issued are on (the petitioners complete to the James representing the liens special assessments upon the lands, the special assessment liens taxing well as as the power is extinguished not the on bonds by by the county, and the county cannot in law otherwise release or of the certificates that the are lien are passage and Mayor Buckley, several and City Dec. 24, and at meetings prepared of Calumet Council to advice and the the his order court Aldermen, said real estate man, residents both ignore a urged had the vote to bond is¬ Judge Prystalski refused to take any action on that phase of sue. the and suggested that At¬ case, torney Stransky petition the court for against citation contempt a such individuals. pledged until Carlinville, III. to the payment of the bonds the bonds reconsideration in appeal or go to jail on Jan. 29. Franklin Stransky, representing of the action Jan. 14 and Jan. 28 or be certificates White-Phil- Sold —The Bonds fully paid.' that the lips Co. of Davenport has pur¬ chased $10,000 3M>% judgment property owners would ask Cir¬ cuit Judge Parks for a deferment funding bonds at a price of 108.75. on further litigation in the fore¬ Chicago Heights, III. predicted "Attorneys . closure suit until the next session of the Legislature. Supreme Court Details—The $21,000 Bond Sale bonds sold to quashed Barcus, Kindred & Co., Chicago— Judge Parks in which v. 156, p. 1458—were purchased he overruled the county's motion by the bond firm at a price of for dismissal of the defending 100.87, a v basis of about 2.36%. property owners' answer and Due Dec. 1, as follows: $2,000 cross bill to the foreclosure action. from 1944 to 1953 incl. and $1,000 "The 2y2% judgment order of an "The foreclosure Circuit Court the County 1925 the was Dec. district Belmar started in created was county Commission under a act and in 1927 levied highway liens district. f. "Provisions of the levy provided the assessments were to be paid in 10 annual Interest J-D. 1954. Coulterville Public School by against hundreds of properties in the in The 2, 1932. District No. legislative Bonds Sold—An refunding bonds was sold Municipal Bond Corp. of 414% to I, III. issue of $4,000 the Chicago. Dated Aug. 1, 1942. Le¬ gality approved by Charles & Trauernicht of St. Louis. installments, with annual interest of 6%, Edwardsville, Coun¬ ty attorneys alleged in their 1932 bill for foreclosure that the III. Contract Canceled— Sale Bond providing for the sale of Contract under the 1925 act was $450,000 water revenue bonds to entitled lo a foreclosure decree Stifel, Nicolaus & Co., Chicago— against the delinquent properties V. 156, p. 1907 —•. was canceled, county because to pay of the failure the first stallments in T. to upon that Fla. Refunding From the county $684,000 of period of years was ap¬ proved Dec. 8 by the State Board of Administration, according to report. Under the plan, the Board wlil accept funds for payment of $226,000 of debt," reducing the total figure to $422,000. Maturi¬ ties of refunding bonds will be spread over a period of 30 years and greatly improved the county's financial condition, it was said by Joseph Bailey, County Attorney. The program was described by Governor Spessard Holland "as a splendid windup of a bad prob¬ lem," reports said. The plan pro¬ vides for the refunding as 4y2s of $262,000 bonds, and a new issueof 3y2s to take care of $160,000 Was sessments of ad valorem taxes payments a tossed into the State Capitol their meeting on assessment certificates held by the designed uidate over at tax as¬ of the county being pledged to. secure the payment of the bonds. The lien of the special Refunding Plan Approved Miscellaneous proposal when it was told them turned down, the judge start pre¬ (P.O.- Panama City), Fla. plan questioning of revealed how each to when FLORIDA refunding expense certificate Bay County Unlisted Securities estimated the 011 of the road construction shall ulti¬ fur¬ debt are 'The entire voted reduce used to be Out-of-Town Listed Markets Florence, in $8,000,000 bond retirement funds still avail¬ Exchange Curb their of were that: ruled individual Aldermen the mately be paid by special require four years past follows: court After reported reports press as "The State on ; the In .State and City News Stock statutes destruction bond York further " The ercises. New Florida Auditors State M. Downes In This Issue and Judd Mr. Frank of owners five annual 1927-1932 in¬ inclusive. due Issue of defeat to was the bond pro¬ 17. election on Dec. posal at an finance to municipal Ashton, owing $8,000 balance "Charles F. Blake, John M. Al¬ acquisition of the Edwardsville on a judgment; Ed C. Wright, of AlkcU of the par value and on Bonds consigned to the flames lison and Tillman and Henderson Water Co. owing $250,000 bonds, and Fidu¬ Sept. 1, 1950, and any interest were $22,000 in University of Con¬ ciary Counsel, Inc., holder of a represent the county. William C. Palatine Township High School 'date thereafter at par and accrued necticut McLean represents the property self-liquidating dormi¬ $90,000 District No. 211, III. judgment balance. Effect interest plus a premium of 3Vz% tory owners." -v. bonds that matured; $1,- of the interlocutory degree was Bond Call District Treasurer of the par value. ^ V 250,000 representing annual re¬ to make the refunding plan man¬ GEORGIA calls for payment at par and ac¬ tirement of the 1938 State bond Phoenix, Ariz. datory on a small group of cred¬ crued interest on Feb. 1, 1943, Lexington, Ga. Bond Sale—The $339,000 series issue of $25,000,000, and the pur¬ itors who had refused to consent 4%% refunding bonds Nos. 1 to 6. Bonds Sold—An issue of $13,000 ■of 1943 bonds offered Dec. 22— chased $2,100,000 in funding and to the plan launched in 1937 and Dated Aug. 1, 1941. Due Feb. 1, ;v. 156, p. 1993—were awarded to building bonds out of the same approved thep by more than 94% 4% refunding bonds was sold to 1961. Bonds with unmatured issue. The dormitory bonds ma¬ of Brooke, Tindall & Co. of Atlanta. a the creditors. group composed of Lee Higcoupons attached will be redeemed tured May 1 and the $1,250,000 Dated May 1, 1942. Interest F-A. ginson Corp., New York; Boett¬ at the Northern Trust Co. of Hillsborough County Due Feb. 1, as follows: $500 from cher & Co., Denver, and Blair, building and funding bonds ma¬ Chicago. (P. O. Tampa), Fla. 1944 to 1959 incl. and $1,000 from Bonner & Co., Chicago, at par, tured Dec. 1. Property Owners Again De¬ 1960Ao 1964 incl. for the bonds to bear 3% in the Mr. Judd said that the $2,100,Principal and INDIANA first year and 2% thereafter to 000 purchases came out of the feated in Special Assessment Lit!-.* interest payable at the First Na¬ Bicknell School City, Ind. Legality gation—Owners of about 800, lots' tional Bank of Atlanta. maturity. Sale consisted of: $10,681,026.53 transferred from the Bond Sale—The $4,000 refund¬ by Spaulding, Sibley, State surplus at the end of the in the Belmar Highway Assess¬ approved $193,000 water refunding bonds. ment District recently suffered Troutman & Bock of Atlanta. ing bonds offered Dec. 21—v, 156, Due July 1, as follows: $96,- fiscal year, June 30, leaving about another setback in their 10-year p. 2082—were awarded to the for additional pur¬ 000 in 1952 and $97,000 in $8,000,000 ILLINOIS chases. Out of the original $25,- fight against the attempt of the Security Bank & Trust Co. of 1953. . Interest to date, plus a premium fund. ' .. - — • 77,000 sewer refunding bonds. July 1, as follows: $38,in 1952 and $39,000 in Due 000 1952 and Jan. of the 1, $35,000 in 1953. bonds will be dated 1943. COLORADO Creede, Colo. Bond Sale Details—The $28,000 3l2% the institutional building only $16,035,000 in bonds left, Mr. Judd said. Also out¬ State's refunding bonds county to foreclose and erty, turn to the for Calumet the prop¬ expected City, III. to Ordered to Approve oond Issue 1943 State Legislature —Mayor John Jaranowski and 10 Aldermen of Calumet City were The relief. from stemmed on now are a latest ruling defeat of the INDEX Page Quotations: reported Judge John Prystalski New Yotk tttocK standing are $428,000 in self-liq¬ uidating University of Connecti¬ cut dormitory bonds; $4,400,000 in Charter Oak bridge bonds and Supreme Court that the issuance in Circuit Court recently to ap¬ of bonds by the county for the prove a $425,000 bond issue to New York Curb $6,000,000 in New London-Groton 69,000 refunding bonds. Due July 1, as follows: $34,000 in All accumulative debt and financed program, 1953. ; 000,000 bond issue, which funded an erties are bridge bonds. The bridge bonds, however, though backed by the credit of the State, are to be re¬ tired out of lolls. of paying debts incurred purpose in of paving along the Belmar prop¬ did the which based. not paving the . the life certificates on terminate foreclosure action is ordered by satisfy judgments against the city by Jan. 29, or be ready to go to The 11 officials already have been found guilty of contempt of court foi* their refusal to vote the jail. bond news issue, according reports. to local Other Stock Unlisted State . Exchanges—• Securities Department: Proposals and Negotiations.. and Bond tixcnange. Echange.......... 9 25 30 35 City ,Gen. Corporation and Invest. News.. Dividends Declared and Payable 1 5 33 Redemption Calls and Sinking Fund Notices The Course of Bank Foreign Exchange Auction Sales Clearings Rates 36 39 33 33 THE . , Vincennes, as 2s, at par. Dated fan. 1, 1943, and due on July 1, us follows: $1,000 in 1951 and '1952, and $2,000 in 1953. high bid of 100.346 for made Second 3s was by Seasong'ood & Mayer of : 'Cincinnati. East "time the $230,000 Dec. National Union Harbor, of Bank In¬ Chicago, East at 114s. Indianapolis, Ind. Offering—James City Deery, ' E. will Controller, of cost approximately to-the Commonwealth. Government eral All would ' war company" bonds were in the samd category as those of the school" boards, both of which carry guar¬ antees that they are exempt from Federal taxes. However, George L. Frankfort, said as Feb, 1943,' and due T, 3s, from. 1948 and:-2%s. tcr 1963 the District day same Feb, on Bayou Tigre a with school lands ham establishment of from 1946 ; has been validated by the Court of Appeals. The method ' is necessary, he pointed at out; and in an assess¬ ■' Pontiac. handed court : down an recent suit a involving the question of who in¬ going to pay the outstanding bonds and interest due East Clawson drain. 7./:;C MAINE % remain opinion this week in incl. 1963 to that "The Mr., Gra¬ programs, the can the other district, in tbc opinion of Circuit Judge George B. Hartrick now; turier & the bond nor on ment commanders'- of the -three the national guard bonds deficiency be loaded composed of the Equitable group and taxes, special assessment a. drain pay the -to gone or disposed1 of sales, are not land scavenger •;o offered awarded to were at 7 obligated for bonds have delinquent have been retained: 1 inch j. The. $10,000. South Drainage Dated that for for the Kenneth M. ,,/ Keefe and Wallace D. Bradford; Androscoggin County representing bondholders, brought suit (CWT) on Jan. 11 for the pur¬ Lexington has announced his V'/v (P. O. Auburn), Me. against Oakland ; County,, chase of $995,000 not to exceed intention of recommending a de¬ added, in the financing of, large 7; Note Offering—Raynaldo Simp¬ Drain Commissioner Earl L. Clark holdings because of , the son/ County Treasurer, will re¬ and the Board of Supervisors ask¬ 6% interest warrants, as follows: ficiency assessment, against a[ Lex¬ State $75,000 firemen's pension fund, ington taxpayer because of the constitutional limitation of $500,- ceive bids until noon on Jan. 4 ing the court to determine "$125,000 Board of Health, $20,000 latter.'s -receipt of interest on the 000 on bonded; indebtedness; The cor. ,lhe -purchase at discount of whether it is an obligation of, the -tuberculosis fund, $25,000 school "holding company" type of school armory financing,: Mr- Graham $100,000 notes issued in anticipa¬ Commissioner to impose a -defic¬ : .p. • ; 'health fund, and $750,000 general bonds. -said; is the1 only, special-program tion of 1943 taxes. Dated Jan. 7, iency.. assessment on all the lands •fund. All of the bonds will ma¬ has-- undertaken since 1943, and due $50,000 Graham's company, the Bankers- Kentucky each/on as. determined benefited in the ture May 15, 1943. Legal opinion Bond Co., Inc., handled the bonds1 1812. Oct.' 15 and Dec. 31, 1943. LL///;/: drain, district." 7 .will be furnished by the city law for the schools and for the two Lawrence County Auburn, Maine MINNESOTA department. "holding' company" corporations (P. O. Louisa), Ky, 77 i Note bids sealed ceive until re- A. 10 the M, Internal of Bureau Revenue at * jointly; .a., "Lands State Securities Corp., ■ Kingsbury & AlviSj Scharff & Jones, and Cou¬ regiment; all; Derbes, "all of New Or¬ in the armed service. 7; TV1 leans, at a price of 100.114 for Kentucky's "holding company" $8,000 3% s and $2,000 3s. Dated method of financing dates back to Feb. 1, 1943, and due on Feb. 1 and 1909 director, of the Department at that an'agent of finance Education State ' "holding' company" chartered; under- the,, name of the; Commonwealth of, Kentucky; "Military Department Armory Cor¬ poration! Its incorporators are the Adjutant. Genera),, State Di¬ rector of Accounts and Control, "holding the said Graham Boagni and the Planters Trust & issuahce; Savings Bank, both of Onelousas, the of was this Monday, January 4, 1943 .the armories outright years The armory $235,000 through* a public aid grant, making the total construction cost about $470,000, <L Mr. 24 at ■of-tm&sbonds-, or in 1963: The Fed¬ matched ; & FINANCIAL CHRONICLE own- within- sum Evans, Warrant entered the States United a Matthews. St. and completed shortly before the were 29— 2177—were awarded to p. diana The — offered warrants 156, v. Chicago, Ind. Sale Warrant Harland COMMERCIAL ; L . • - * .' which Indianapolis Sanitary District, Ind. Warrant Offering— James E. established were Commonwealth by about Two - Offering the Bonds years Approved—An- issue $30,000 funding of Mitchell, has bonds, ceive - Radcliffe G. Manager, will City bids re¬ until 5 p.m. Fairmont, Minn. Certificates Jan. 3' on said the school and; been; approved by the State Lo-; for the purchase at discount- of ceive sealed bids until 10 a.m.: "holding, company" bonds carried, cal Finance Officer. $425,000 notes issued in anticipa¬ / face guarantees that they are free; (CWT) on Jan. 11 for the pur¬ tion of; 1943 taxes, Dated Jan. 5, of any ad valorem or income taxes' Martin County (P. O'. Inez), Ky. chase of $100,000 not to exceed 1943, and payable Nov. 4, 1943. by- the Commonwealth or by the; Bonds Approved—An issue of .5% interest temporary loan war¬ ago, 'Deery, City Comptroller, will re¬ He 4%. ■ ; issue hificates of .indebtedness . f Sold—An $5,408-3.%. street improvement was pur¬ „ Denoms. rants. the purchaser. The Federal Government and that col¬ requested by as lection of such taxes .would be in Due May 15, 1943. issued warrants- are in of the contravention the been constitution . 4% Finance Lawrenceburg Flood 'control works Control in taxing the } flood $30,000 bonds McCreary County offered Dec; '21-—v. 156, p. 2082—were awarded to the Peoples National Bank of bonds of the "hold¬ company" ing Graham and corporations, Commonwealth the said holders of the not the Mr. bonds' would suffer. The Commonwealth (P. . ',// /' 7% , ■ .Officer, Finance Local 156, 2266—were p. awarded property good . has.. ap-: due Oct. 7, Bank pays approximately $16,000 a Lawrenceburg, as l%s, at a price year on the; armory bond issue of 100,31, a basis of about 1.70%; and $20,000 on the children's proved an issue of $20,000 3% • Dated Dec. 15, 1942, and due home issue," which totals only funding bonds. " v .' $1,500 on Jan. 1 and July 1 from $100,000 of which $60,000 is now -i Rowan County ,1945 to 1954 incl. Other bids: ;/ outstanding. On the armory Bidder— Int. Rate Rate Bid (P. O. Morehead), Ky. bonds,'$213,000 is outstanding, the City Securities Corp......... 1 100.26 Ron.ds Approved — The State; Commonwealth JRpcvidcnt Savings'- Bank, having paid'; off Gilmartin collection delinquencies , . should that in run 1927 about and 3.5% •John Co. 2 Nuveen Co. & and 100.27 : In-* 1 • ... $4,000 last August Corp.. Bend The Share & 2 ..................... /:■/."'. 100.11 /•'*•■ • ] ; indenture " di-anapclis trust . . the and face of the armory bond carry the statement that the Local Finance proved ■■ Officer of issue an has 96.25% the com¬ The peak .funding bonds. wealth tical Waterloo, Iowa Bond cial of bonds ment T 56, p. street offered the vided 14—v. Moines; only bidder, as 5s, at par. (P. O. Bonds of ■ County because such pro¬ refund f if; would refund that . 13.4% are that this corn- make bondholder *fered Dec; 23 •syndicate Mass, awarded was composed freight terminal of the to General State of No. of 96 Assembly -York; the session1 - Hutoicr, and R. W. Co.«..: prich ' Ss •. , . • 156, St. Bernard' Parish Park-Shaughnessy Paul, L Note ■ Sale—The ' Finance proved Officer has ap¬ issue of $196,000 4%% road and bridge refunding bonds. an might have would equity tion in ) Says Federal Taxation of Hold¬ ing Co. School Bonds Threatens Commonwealth Agencies—Should Federal Government be suc¬ the cessful in its announced .to tax the income intention from "holding' company" school bonds (see v. 156, p. 2177), t\vo of Kentucky's non-profit "holding companies" be jeopardized, it was. stated Dec. 16 by Thomas Graham, man¬ may ager of ment „ of the investment the Bankers depart¬ Bond Co-i, Louisville, and ex-officio member of the Board Military of Trustees of the Armory Kentucky Corp. and the Children's Home, at Lyndon. Involved in the poration's holdings Armory" are eight Na- rional Guard. armories at Lexington, rodsburg, cor¬ Carlisle, Williamsburg, HarSpringfield, Richmond, pay a. of that!' program. sum its out present; the armories" in about to suance Kentucky (State of) to "wipe bonds to new cover is¬ the; -- Vermilion addi¬ $250,000 in. the ; O. (P. 1 Drainage Issue Parish , // • 79 Waltham Band ?J- MICHIGAN / Details—The ? $85,000 Gray-, Feb. 1, 1943 at his office, at par ity Drainage District No. 2 impt. and accrued ham said would have to be the, interest, $5,000 re¬ bonds .awarded. Dec., 2;1 ,tp; Glas & funding bonds of Aug. 1, 1941, 6% type, whereas the- present Crane of New Orleans/ as re-.; Nos. 2f to" 25 incl.; due on Aug. 1 armory bond issue bears 3%% ported in v. 156, p. 2266, were in 1949 and 1950. interest;' sold at a price of lQO.OQLand are The armories, he added, were Detroit, Mich. divided as follows: $79,000 2%s, tax levy. These bonds., Mr. Gra-; Bonds Sold—An $12,500 Supervisors Dis¬ Separate Road District refunding, bonds has been sold to J. G, Hickman; Inc., of Vicksburg; 3V2S, at par. Dated Oct 1, 1942. Legality approved by as Charles & Trauernicht Louis./,■'/• /■■', St. of 7..v7:';/ ; 7 ,// LauderdaleCounty B d 0 n Miss>, Oi Meridian), (P'. ■■ Belding, Mich. Bond GalL-Clayton Knapp, City Treasurer, .calls for payment on of trict No. 3, Na¬ (P. O. Carrollton) District Road . O: 0.83 ! 7y St MISSISSIPPI '' ■ Abbeville), La. District No,, : ; to of as Carroll County •> * Refunding Approved—The State Co. & 1.60s, at a price of. 100.13. highest bid of 100.11 for 1.60s. was made by. Kahnan & Co. of Minneapolis. $49,000 4% funding bonds was is the approved by the State Local Fin-; Due would- have to1 pay the refund out Police: Jury proposes to -issue: notes at 0.385% discount. a nee Officer. ! of- the treasury. - In the case of: $90,000 not to exceed 3% interest, July 15, 1943, The First Boston Hickman County the armory setup alone, Mr. Gra¬ certificates:, of highest bidder, indebtedness; in Corp./. second ham said with ". a the Commonwealth; connection (P- O. Clinton), Ky. refinancing- •named a rate of 0.424%. Local 22—v. Dec. awarded Second Waltham, Mass. 'it'up < offered 2083—were p. >. & V.. — , , ... Press- ; Sale The $30,000 improvement certificates of indebtedness tional Bank of Waltham purchased (P. ,0. St. Bernard)! Lc& y t Plans Certificate Issue—The on Dec) 29 an issue of $200,000 State, which,in reality,: "holding company,", Additional bor¬ to the Certificate street issue 1904. and Bros; Salomon the debt limit in Spring Grove, Minn. National Bank of. New York, F. S. , Act at a First, • ,. of authority seek of the legal outside , 8 will rowing would be subject anticipation notes of-; statutory debt limit. . . to revenue Financings— connection with plans for an air¬ Moseley & Co., New York; Na¬ tional Shawmuf Bank, Merchants National Bank and Arthur Perry New Orleans, La. v1 f & Co., all of Boston, at 0.65% in¬ Bond Call—Horace Pi Phillips,, Secretary Board of Liquidation,: terest,. plus a; premium of. $50.: Dated Dec. 29, 1942, and due .Oct., City Debt, announces that court! house bonds Nos. 401 to- 420;' both- 15; -1943.. - Other bids: -Lr-V:,;;;''•• int. Rtite Premium .incl.,. have' been, called for pay-., First?.Bo ;toil Corp, and Chcm; v ical: Bank & 'Irust Co. •ment on Jan.. 1,1943. 0.70O-:$71 Bonds will Halscy, Stuart-& Co.;Inc;.I 0v78 93 be redeemed in accordance • with; OI'iw Natlcnai Bank Ot itftw : Section "holding have' the to the taxes said the that of. such payment Graham -pfmy" issue for taxes, and that* such paid-under protest." Mr. Greensburg), Ky. thereof claim after meant Approved—An poli¬ any interest hereon, that months KENTUCKY Green or is made to said trustee-within, six 2082—were awarded to the Carlton D. Beh Co. of Des Kentucky subdivision receipt improve¬ Dec. of Boston, GOO / r" Airport approaching session of the State Legislature for permission to issue up to $3,000,000- bonds 4.07 % were inr 1940 1939. in the Note Sale—The issue of $6,000,-, /;/v/-! j of the ownership hereof or of the Sale—The $27,304.66- spe¬ assessment obligor they city 97,16% 1941. 99.02% Proposed MASSACHUSETTS 4%: $56,000 road; and bridge refunding: bonds; company") "holding In 1941 in and ap¬ (the /.//; LOUISIANA. "hereby Gooselake Consolidated School Donaldscnville, La. r/V./'; agrees to refund to the holder District, Iowa Bonds Voted—At. an election, hereof any ad valorem or income r Proposed Bond Issue — The taxes which may be assessed here¬ on Dec. 15 the voters authorized: Board of School Directors is con¬ after; against- the holder by the an issue of $80,000 airport com sidering. an issue of $30,000 re/ United States or by the Common¬ si-ruction bonds-.7;7/;/ IOWA in 1-933; estate were $20,282,165, levy of $30,334,442. Collections in previous years were: , Trust Real to the 1942 as 24. 100.21%, delinquent taxes. 5% against pared with the record low of 3% , , personal unusually Total' collections tax for Dec. on including National reported and were collections amounted - R. Exceptionally 1942, amounting to an 99.74%, City Comptroller Turner informed the City Council of : ■ taxes 1 in Or J. Bank of Portland 0.48%; Firs, ' Boston Corporation 0.525% plus (If. O. Stanton), Ky. > ' Bonds Approved;— The- State; $4 premium; Leavitt & Co., N. City Treasurer John Local Finance Officer has- ap/ Y.; 0.613%. County '7 Minn, overall Other bidders 1943. Fund par. •! Note Tax Sale—The $1,000,000 tax Collections Good—Real estate 7Y / anticipation notes offered Dec. 28 proved -an issue of $113,000 4%. were: First National road- and bridge refunding bonds. Boston 0.48%; Canal Powell Sinking Minneapolis, i///;; to the National Bank of- Com¬ Whitley City), Ky. merce of Portland, at 0.474% Approved-— The State discount, Dated Jan. 4, 1943, and ... the Commission, at O. Bonds v by PortlandMe. —v. ./ ■•■;/'.- .7 Should the Government Succeed Ind. District, Sale—The Bond ruling. J.;; 77/'/ district. funding Officer;"'..yj'.-j. "came of the City of Indianapolis, of the Commonwealth and in dis¬ ■for the use and benefit of the regard of the Court of Appeals': sanitary J bonds ; has! approved by the State Local $30;000 chased of cer- Charles Legality, Approved Trauernicht & of — St* . Louis have approved the legality of the following $52,000 2% refunding bonds: $7,000 county, 2V2% Separate Road1 District. No. 1 and Separate Road Dis¬ 2/2% $5,000 All of the trict No. 3. Oct. dated bonds 1942. 15, , are 7 • ,• * built- at a time when the tucky National Guard-units- Ken¬ due $3,500 were Feb. 1/1946 and 1947, Offerings Wanted—Charles 1950. 'incl., Oekman, City Controller, will re•ceive sealed offerings until 10 A 1954 inch, M. (EWT) on Jan. 5 of approxi¬ $5,000 from 1955 to 1958 inch, and quest and instance of the Federal $5,500 from 1959 to ' 1962." incl/ mately $21,000 bonds for the city Government." If they had hot$6,000 2V2S, due Feb. 1/ 1963. sinking fund', general' division. No been built, he added, the guard bonds maturing, beyond 1959 will units of the eight, cities "would Principal, and interest (F-A) pay¬ be accepted and offerings will be training in "inadequate quarters"; and not were constructed "at the have been acceptable to able mil¬ The Commonwealth's payments the bond issue amount to the on approximate rental Kentucky was paying on the- quarters that w;ere being were used by before built. p r o g r a m, the the Under the guard; -new the - 1948 .1951 from to- regi¬ armories the at- Chicago. , Vermilion National Bank .' .. Parish • ,' ' Drainage tricts of Bond / ' puted from the dollar price as of Jan. 5; 1943, 7 15 21-—v. awarded -156,:- p. to •i;.- •• County (P. O. Pontine), Mich. Drain. Bond Decision—The fol¬ 1994-7 lowing'..item .appeared Charles P. "Michigan (P. O. Cut Bank), Mont. Boiid Sale—The $24,000 refund¬ ing bonds offered Dec. 21—v. 156. awarded 2083'—were p. to the State Board of Land Commission¬ ers; was as 2.V2S, at par. Only one bid received. NEW JERSEY Gloucester Oakland , Tigre Drainage District bonds, of¬ were aecepted-on the basis of the high¬ est net yield to the city as com¬ Dis- (P. O. Erath), La. v Sale—The $50,000 Bayou funding fered--Dec.: Commonwealth - Commerce, New Orleans. Legal opinion of Chapman. & Cutler of " Glacier County School District No. to re¬ itary' service." ments from $4,000 $4;500 MONTANA G. Investor" of Refunding City, N. J. Application Filed.— City's application to refund $1,809,000 of outstanding bonds was recently referred to- the State in the Dec. 26: Funding Commission. >Volume 28. Jersey (State of) New • ' Rail Tax Case to Be Resumed— in the litiga¬ tion concerning the constitution¬ ality of the 1941-1942 railroad tax •settlement laws' had been pre¬ sented to Vice-Chancellor - Jayne The main arguments Dec. on •case, ,12 and argument of the instituted by State Attorney, will be. resumed 6, The legislation at. issue General Wilentz, - •Jan. 'cancelled, more than $20,000,000 in . .that accumulated the last 10 years. had refused carriers The assessments, the . to pay chal¬ .having „ : . As result a back the of and latest re¬ and after the depression.: duction it is estimated that the The 1941/Legislature extended tax notes at; tax rate for 1943 will be $5.25 for formal acceptance of the moneys .0:63% interest; Due Aug. 27, 1943.; the moratorium until July 1, 1943., ■ each $1,000 of assessed valuation, the holder of a' by Hawkins,) but provided and their distribution among mu¬ Legality - approved which will be necessary to meet nicipalities. :/ a/AA'a ; ••■A -%/•-; Defafield..Longfellow of New; mortgage made before July 1, the proposed budget of $7,967,709. The money was paid on-account York City., The County Trust Co.,, 1932, would be..permitted to start. of tax arrearages < aggregating White PI a ins,' second highest bid-! foreclosure proceedings unless the!)The $5.25 rate would be the high est since 1926, when it was $5.78. $34,000,000 -'which -had accrued? cier-,. named: a„ rate. of-.0.79%... ,* J .owner of the property began to The 1942 rate was $4.95. amortize the unpaid principal at over a 10-year period while- most 'New Rochelle, N. Y. ,; ! the rate of 1% annually. The first West Haverstraw, N. Y. New Jersey railroads sought un¬ Bond Sale—The $120,000 coupon To Issue Bonds—The Board of payment was due on Oct. 1 of successfully to ha.ve the State's; or registered funding/' bonds of-; this, year/ ,The payments are due Trustees recently announced in¬ railroad tax laws, declared invalid, fered Dec. 29—v. 156, p. 2266— on a quarterly basis. tention to issue bonds for the pay¬ in the courts. Legislation enacted; City, "penalty-interest"- against arrear- Chancery Court. Injunction, ob¬ ages in, railroad franchise taxes tained by Wilentz has prevented , furnished the successful bidder. .two or -three - years, as, would: lyn, N, Y., legislator also anA certified check for $1,280, pay¬ "naturally "be the" case iri serial pounced his /intention to sponsor J able to order of the city, is re¬ a measure providing for suspen¬ bond issues, the Bureau says., / sion of the compulsory amortiza¬ quired. T. Wilentz, whose -challenge of Eastchester tion payments on all mortgages the- constitutionality of 1941 and Westchester County A(P tO. Tuckahoe), N. Y. bearing 4 Va% interest 'or more. 1942 railroad tax compromise laws (P. O. White, Plains), N. Y. ' A'-Note • Sale—The County- • Trust; The proposed suspension, he said, had tied up about $17,000,000 -in Valuation Reduced— "of White Plains purchased on Dec.; would be effective for the dura¬ A Assessed tax payments by major New- Jer-, The Westchester County Tax 28 an issue of, $200,000 tax notes, tion of the war, / sey lines for'many months,- said Commission announced recently at 0.57%-interest. Dated Dec. 30.; The original moratorium law Dec. 22 he would" not object to that the new assessed valuation •1942, and due June 23," 1943. Le-I provided' that no open mortgage their formal acceptance and" dis¬ of the county for 1943 is $1,515.gality approved by Hawkins, Del-] dated before July 1, 1932, could tribution,. /A/ y V. A;A • afield & Longfellow of Ne\y York, be foreclosed for default in. the 70.1,681, a reduction of $51,789,338 Certified checks totaling about from-2942. This is the greatest C i ty A. The First National Bank: payment of principal if the prop^ $17,000,000 are- in the technical reduction in a single year since of - Boston, next highest bidder,, erty owner paid the interest and custody of State Treasurer Robert; 1933. The valuation has gradu¬ named a rate of 0.77%. A/A j; real -estate/ taxes.: This statute' C. Hendrickson and State Comp-; ally gone down since that year. troller Homer, C.-'/Zink, ..but-ca 'A'Note; Sale—The First National; was extended from yean to year: (State of), Rail Tax Funds General David 'Refunding Approved—=The; re- j ,\„ New Jersey funding plan was approved by the; Distribution - of .State Funding Commission on Urged—Attorney Dee. 3 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4139 157. Bank of Boston has "purchased an; during issue "of , $55,000 " . . lenged the validity of the property fixed by local taxing units. After years of litigation, i valuations '/ legislation was enacted .'establishing ,a new policy of State . purposes and /provision made for adjustment of ; past-due payments. The constitu¬ .assessments for tax tionality. of the enactments is sub¬ ject to/Chancellor Jayne's de¬ cision, (A detailed statement by - • were up-! 1942- cancelled and 1941 in awarded to the National Bank of .New Yor 1a ment of Onondaga County at: 1.10s, as • $20,000,000 current claims the village. The Board a resolution instructing Village Treasurer Louis DeCarolis in interest a.price of 100.049, a basis of abonl (P. O. Syracuse), N. Y. penalties owing, on the $34,000,000, 1.08%A - Dated Dec. X 1942,. anB Bend Offering—Nicholas Pirro, State Treasurer Robert C. Hen-' in unpaid principal and gave the, due $30,000 oh Dec. 1 from 1943 County; ,Treasurer, will receive drickson on the railroad tax mat-. lines up to 20 years to pay- off; to 1946 incl. Other bids: "' a"(A ; sealed'bids"until 2 p.m." (EWT) on Ater was published in V. 156, p. the $34,000,000.' Av A ■ ...'.A/A! AA .Bidder— -"..A Int. Rate Rate Bid- Jan. 8 for-the purchase, of $350,000, ;2178). y -Mr. Wilentz's court action seeks' H.a!seyi':Stuart & Co., Inc,.- 1.2CA 101.109 ! mot to exceed 5% interest general, & Co., Shtj-wood -, S ,1 Chancellor Jayne's decision, ac- to invalidate the cancellation of C P. Chi ids cuitf Nevvburferi G'6:\ 7 \ 1942-1943 series A coupon or •'cording to local press reports, will interest penalties and the install¬ —-Eoeb .&■■■ Co A-'.-"A,.,,;, /..Ai. 1.20/; 100.084 1 Giahapi, Parsons, & Co....: ; u-;, loo.os j registered home relief bonds; •: affect the State's entire tax struc¬ ment methods fob paying off prin-j Bacon,: Stevenson & 100,016 ! Dated Jan. 1, 1943. Interest' Jf-J. ture. It will come at a time, when .Blair -& Co:,Tnc.r add-George • • cipal on the, theory they consti¬ B: Gibbons. & Co. /h.:, 1.40 100.15 i Denomination $1,000. Due Jan. 1, the Legislature has under considtuted an illegal "gift" of Sta.t'e1 R. fD. White & Co;. ,• 1.40- - 100.105 ' of ward against passed • ~ to T make in motion a Supreme Court for. permission to issue the bonds. , NORTH , ■ DAKOTA N. Dak. $2,500 bonds offered Crystal, -• Sold—The Bonds munity . hall com¬ Sept. 1944 to .25—v/156, p, 908—were purchased funds to private corporations, j XXXp. New York, N. Xi'H -'A'-i 1948, and $40,000 in 1949 to 1953. on Oct. 15 by the State Land De¬ of. taxing intangible property and i Rey.enue Bifis Sold—City Comp-! Rate of interest to be in multiples partment, as 3s. Governor Charles Edison is con¬ trailer Joseph D. McGoldrick sold of Va or one-tenth7 of -1 %, and sidering general revision/of all OHIO Buffalo Sewer Authority, N„,Y. on Dec. 29 an offering of $2.5,000,-: must be the same for all of the taxing methods, y // : A;A:A Aj. Financial. Status—The 1 current 000 revenue bills at 0.55% inter-. bonds. Principal and interest, A Cincinnati, Ohio I > While Wilentz's case, instituted "est "They are dated Dec- 30,1942,: payable in lawful money at the- i Bonds Authorized — The City in opposition to Edison, does not report of the. Buffalo Municipal Research Bureau,- Inc., contains "and'-X consist of$10,000,000 due. First Trust & Deposit Co. of Syra¬ Council recently approved an is¬ •. challenge the revised method of the/ following- summary of the March 8, .1943, and $15,000,000 on cuse, or at the Chemical Bank & sue of $10,000 2% street improve¬ A taxing the railroads, it does ques¬ The participating, Trust Co., New, York. Issued for ment bonds.'; Dated Jan. 1, 1943. above authority's / annual1 report April 16, 1943. tion the / Legislature's. right to for the year ended June 30, 1942/ bonds and trust -companies and the purpose of providing funds to, Denom. $1,000. Due $1,000 on /make a compromise on .past-due the •.individual allotments follow: : ' ''■■AA A; A Revenues' " "A -.A ■ ■' pay for home relief in the county. Sept. 1 from 1944 to 1953 incl. taxes: A;v; 'A '.. ;Ar; '■ A'/ //;A':/ . -"V. ;V A AAA. V • ■> 1940-41; '' 1941-42 1 /Name AA, The period of probable usefulness ' .'Amount J The main points argued Dec. 12 Sewej* Rents....,., .'...§1,470,063.05 $1,473,174.76 Cuyahoga County of the' object or purpose National, Bank; A Interest and Other ? ,.AA„-is 10. 1 Chase Svere whether the tax. settlement Income (P. O. Cleveland), Ohio ....,,,./ -.; 14,613.63 15,070.41 A New York/A::A:'f^A$4,750,000 years, / The county operates under laws carried a legal consideration Debt Reduced $12,000,000 in Total Revenues V./ ,$1,484,676.68 $1,483,245.17 National City A: Bank, " /,"/ ,'/ ! the. County Law, and the proposed, or return to the State by the rail¬ Decade—John A. Zangerle, Coun¬ /New York; 3,610,000 issue is authorized by the Social roads and whether the 1% a -'A'. VAA/. Expenditures / ;A' A/VA'}'' ty Auditor, reported Dec. 26 that Guaranty • Trust "A/ Co., - A y. :'' Welfare-Law being. Chapter 55 of month interest on railroad tax Operating 731.103.44 $ 715.481.53 the county had; reduced its bonded eration • revision of the method a as . follows: $30,000. in . • . .. " . . . , . _ . • • . • . arrearages was interest or penalty. Wilentz contended the State re- - - nothing in return for the and that the interest ceived 'settlement ' was A penalty. no He argued the Legislature violated the constitution and made a ''gift" to the rail¬ I • roads. i Herbert J. Hannoch - and Josiah Stryker, counsel for State Treas¬ urer Hendrickson—who is defend¬ A ing the suit—contended there was consideration because the rail' taxes agreed to pay their drop" all pending had roads on- time, -litigation, and that the. State now a means of acting directly % J has •against each• railroad operator to : collect taxes while it had np such legal right :before. - Stryker contended the courts already have decided the 1% a month interest was a penalty. : ' /New York/■AJvAAAAA 3,310,000 the- 'Consolidated Laws. In the debt by $12,000,000 in the last 10 j event that prior - to the delivery service - 118,409.00 121,251,00. Bankers - Trust Co/, "New - " years, and at the close of 1942 A York, t:-'—2,020,000 of the bonds the income received Tctal Expenditures,81.441,556.77, $1,442,978.31 the amount owing will be $34,Central Hanover Bank A -/V by - private .holders from bonds- of .580,200. The county, debt was at Excess of Revenues V* " ' * 5 .A & Trust Co., New York 1,875,000 the same type and character shall Over Expenditures. .$ 43,109.91 45,266.86 its lowest level in recent years First National : Bank, '//•%/ v■;Abe taxable by the terms of any in 1928 when the figure was $26,New York 1,265,000, Federal income tax law, the suc¬ Sewer Rents "' .* ! 343,755. It amounted to $46,025,Irving Trust' Co., New1' A ' " ' cessful bidder may, at his: elec¬ A The revenues from sewer rents 250 in 1933 and has been decreas¬ ; York 1,250,000 tion, be relieved of his obligations Debt Service .A. 592,054.33 v.;; Debt for Reserve A 005,245,73 ■ derived in part from general ing since that year. Providing no the" contract to- purchase new debt is incurred, the present bonds/and in such case the' calendar shows that the county Baiik: of The Manhattan " " / / : deposit accompanying his bid will; and the remainder from taking will be. entirely free of debt in Co., New York 975,000 bq*. returned. The bonds will be care of sewage received- into thd 1967. Chemical Bank & Trust valid and legally binding obliga¬ Buffalo system from the City of Frazeysburg, Ohio A - ! and the! Co., New. York—975,000 tions - of the " county, Lackawanna, the towns of Cheek-t Bond Sale—The $8,000 fire de¬ J. P/Morgan-Sc Co. Inc; 950,000 county will have power and will towaga, Tonawanda, West Seneca^ Corn be obligated to levy ad, valorem partment bonds offered Dec. 26 Exchange Bank, " ■ and the Village of Sloan. In 1941Trust Co., New York. 700,000 taxes, upon all the taxable prop-; —v. 156, p. 2179—were awarded 4.9 thV nmnnnt<3 wBTP* A < were city taxes of Buffalo, -in part by an addition to the city-water bills! M f r T , pt '/ /'New York. 1,075,000 under the : ^ 42 the amounts were: ....... Buffalo Outside water, of -• cityA" Buffalo g eric r a 1 taxes A 4.; ■ bills. ■ . 45.2 A b2_.SfM $ 665.244,17 or / 770.197B0, or Buffalo./;.;,/ . ,37.733.59 or '$1/473,174,76 - 2,5'Jo 100.0% or Bonded B,eb^ J > bonded- debt at JuneA30j New- York Bank - Brooklyn Ohio Co. of Columbus. erty " within the /county for the to the 300,000 .payment- of the bonds and interest Dated Jan. 1, 1943/and due $1,000 275,000 thereon, without limitation of rate on Jan, 1 from, 1945 to 1952 incl. 700,000! Trust Co of- New York Trust Co "* " Public National Bank &A -•Trust or - Co., New York. / 250,000 United States Trust Co., amount. kins, New. • The opinion of Haw¬ Delafield & York to Underlying / point; behind his •//New York 200,000 furnished to the successful bidder. The argument is that the Legislature a certified check", for ! Enclose 1942, was $9,673,020, -a reduction Fifth Avenue Bank, New -A : properly - can compromise a pe/A—. of $251,000" in/principal amount "/.York 175,000 $7,000, payable to * the County V. nalty but might not be on as firm during the year{. - Interest in that Marine - Midland -Trust '■■/■ '''A-A-.:/ Treasurer..i X-a."//■„.;Ai ground in dropping an interest year's, debt .service- was.. ,$355,-j. ; • •/ Co. A New York- f - - i -/-175,000 charge. • .-AAA; .aA A/ A .A. /AAV ,!'//:/ Port Jer vis, N.\ Y.: Continental Bank & Tr. ••/!; Hannoch reportedly said. • that; 245,73.. The sum of $.121,251 also Bond Offering—John F. Cleary, was paid: into- a reserve fund fQr Co., New. York,-.—— ' 125,000 had-no compromise been reached, City. Clerk, will receive, sealed the Lehigh .Valley and. Lacka- the/debt service -of the fukire, in Kings County Trust Cq._/• 75,000 bids until 2 p.m. (EWT) on Jan. 6 Commercial Nat! Bank A ; ;i wanna railroads probably would accordan ce. witjl bondholders', Ill this debt" reserve j ;& Trust Co., New York /, 50,000 for the purchase of $64,000 not tq have gone into bankruptcy. - and agreement,. fund there was a total sum of Empire Trust Co., New; ■ i exceed: 6% int. " coupon or regis.; their, taxes for last, year and this $479,968.6,6. The Authority / has '.York 50,000 refunding bonds. Dated Jan. 15, year, paid in full,, would have Denom. $1,000. Due Jan, j 1943, been more difficult to collect. He set aside, in addition, a general Title Guarantee & Trust/ A Co:; New York-—— • 50,000 15, as follows: $10,000 from 1950, reminded the court the compro¬ reserve, fund of • $250,000.' up to to 1955 incl. and $4,000 in 1956. .'v / -' mise cancelled no arrearages and June.- 30, 1942, -^A // / / >. New York (State of) j Bidder to name. a single rate of The" original Issues. / at bonds the $34,000,000 which the carriers ; Regommends rRelaxation .of interest, expressed in a multiple ; owed in back taxes, is being paid totaled $10,363,000, .of. which $302,4 Principal! 000 were paid in the- fiscal:year/ Mortgage Moratorium Law—The ofr Va or 1/10 of 1%. off in. annual instalments. Legislature, which and interest (J-J) payable at the 1939-40; and in subsequent yeaps new.; State - , Lowellville, Longfellow of this effect will be Ohio Lowellville The special sidewalk 3% assessment bonds. West - Bond . - Ohio Alexandria, Sale—The $13,000 fire bonds offered Dec. 29 156, p. 2179—were awarded apparatus - . — Savings & Banking Co. purchased on Dec, 23 an issue of $1,752.32 , , Sold Bonds —v. to J. nati. A. White & of Co. Cincin¬ $500 on and due March 1 and Sept. 1 from 1944 1956 Dated Dec. 1, 1942, . to incl. , , OKLAHOMA - . • . declared Hannoch numerous and $251,000, respectr convenes in January; "must/ relax; ively, a total of $692,000. Interest "the amortization provisions of the law be-, unless it is in clear violation o| nates range from 4% ,to,> 2.6%- an "mortgage. A moratorium" the constitution and ' that the average, of about r3.6%./. Large^ cause off wartime- hardships-: facjudiciary, has no right to infringe payments on .the principal of the ingsmall property owners, it was said debt and decreased interest pay recently by Assemblyman on the Legislature's powers unless ments are probable after the next Eugene F. Bannigan. The Brook there is a clear violation. / court rulings have held, a legislalive Act will not he invalidated , • ' ' f $239,000 , , , Commercial William $26.00 and per year; election may tem bonds. Bond be held • . Publisher: Other Copyright 1943 by William Possessions, Britain. Continental Europe (except Spain), Asia. Australia advertisements must be made in New York funds. B." Dana Company, Publishers, 25 Spruce Street, New York. BEekman 3-3341. Herbert D. Seibert, Editor and published twice a week J every Thursday (general news and advertising issue) with a statistical issue on Monday!. Representative, Field Building (Telephone State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. February 25, 1942, at the post office at New York, N. Y:, under the Act of March 3, 1879. Subscriptions in United States and in Dominion of Canada, $27.50 per year. Africa, $31.00 per year. Election —An on the ques¬ tion of issuing $35,000 water sys¬ Proposed City Treasurer's office4 or. at the OREGON option of the holder in New York Clatskanie Peoples Utility District exchange... The. bonds, are un-. (P. O. Clatskanie), limited tax obligations of the city, Columbia County, Ore. and the approving legal opinion Utility Purchase Bond Issue of Hawkins, - Delafield & Long¬ fellow of New-York City will be Validated— The State Supreme and Financial Chronicle (Reg. U. S. Patent Office) William Seibert, President; William D. Riggs,' Busineiss Manager/', Dana Chicago—In "charge of Ered H. Gray, Western B. Dana Company. Reentered as second-class matter offices: Vinita, Okla. • South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and THE COMMERCIAL & FINANCIAL CHRONICLE 4 Court these Cir¬ affirmed 23 Dec. on Judge H. K. Zimmerman of "Columbia County in holding valid West the chase The of issue Pur¬ the (P. election the charged the funding bonds ballot election 1, 1943. .aid not contain an adequate state¬ ment of the in not putting the full is¬ for sale, and in providing earlier redemption of some of for The Directors Tenders exercise to their callable are trict plant, to part the bonds the as situation required and to build dis¬ a issue or redeem any all of or construct or power acquire transmission system. a Texas Wanted *— George Secretary, will bonds and bonds. Funds available of $4,734 $6,469, and offer less at than the will and Bond Details—The Sale $5,500 funding bonds awarded Dec. 17 to the Union Trust Co. of Butler, as reported in v. 156, p. 2267— were sold as 2s, at par. Due Dec. 1, as follows: $1,500 from 1943 to inch, and $1,000 in 1946. high bid of 100.13 for 2V2S was made by Phillips, Schmertz "& Co. of Pittsburgh. 1945 Second Scott School District Township (P. O. Carnegie), Pa. Bond Offering—James H. Pres- District cott, ceive Secretary, bids sealed (EWT) chase Jan. on of bonds. 1 Dated Due the for p.m. pur¬ school 1, 1943. DeFeb. 1, as follows: $1,000 in 1944 and in 1945 to 1959. Bidders to the of rate re¬ 8 coupon Feb. $1,000. nom, will until 14 $31,000 interest past. Other members underwriting group were: the Trust & Savings Bank, Chicago; Lazard Freres & Co., Glore, Forgan & Co. and C. F. Childs & Co., all of New York; R. S. Dickson & Co. of Charlotte; Stroud & Co., Philadelphia, and Scott & Stringfellow of Rich¬ In columns on less County (P. O. Houston), Tex. Seattle, Bond City Comptroller, bids until $2,000 name in series Nos. B road 1301 to and bonds, 15, bridge 1350, dated Jan. for estate taxes, inaugurated in 1942, proved very successful. Ap¬ proximately 17,000 taxpayers took advantage of this method. Of a total of $3,100,000 installment ac¬ counts, only $100,000 became de¬ linquent. It is proposed to have legislation enacted extending the installment payment privilege to personal property taxpayers. uation of all again showed will lars. This figure, however, dollars below the 842 Aug. receive of the sonal in increase for Voluntary funding—Under a the limit 40-mill tax assessed was on due to property, ventories the 1942 per¬ large in¬ added and Debt Re¬ modification of conditions, few improvements can, or will, be undertaken during the war public war. Nevertheless, ficials again urged, cluded an of¬ in¬ city had and item in the tax levy, to build up reserve funds which will be available when the work can proceed. Meantime, a committee is working on a long-term pro¬ that when the time gram so the improvements comes be made may and importance, and consistent with good planning. Such projects may be helpful in relieving post¬ conditions. war 4/,,/ dol¬ is 74 peak valuation of 1,016 million dollars reached in 1930. A large portion /' * ,• Delinquent Taxes ■ • . • v' Continued improvement is noted in the liquidation of out¬ standing delinquent taxes. How¬ ever, during the worst years of the depression many parcels of property became tax delinquent and abandoned their by owners. equipment, especially in the larger industrial Since taxes become outlawed after fifteen years, the city, in a few and more manufacturing establishIf the city should be pro¬ in placing the^assess- on rolls the value of materials and equipment used in war pro¬ duction, the effect on city finances may be serious'. municipal revenue bonds. previously scheduled 12, but was cancelled— 558. Considers million million $7,900,000 power property increase in 1942, it ment C. Thomas, Jan. 26 for the on taxable an when totaled Due to in the order of their necessity Valuation Assessed Continuing the upward trend, resumed in 1941, the assessed val¬ General Real City estate and prop¬ erty taxpayers have been assessed a little less than 62% of the cost of municipal government for the year 1943. sents revenue will have to clear its years, books only of such items. If it were bookkeeping transaction to cancel the taxes, there would be no problem. However, since ap¬ propriations and expenditures a have been made in consequence of those tax levies, it will become Revenue personal was 156, p. v. noon of and light been made Wash. Offering—W. The sale for the payment at the Chase Na¬ tional Bank of New York, of 3% real hibited un¬ interest. permanent installment plan of paying ments. WASHINGTON total of price Bond Call—Call has Dec. 21, page 2180, the item 'was erroneously captioned "Norfolk, Va." , respectively. accrued basis. The valuation reporting the award in these purchase Township Road District R. D. 1, Butler), Pa, O. recent mond. Harris (P. of the most successful opera¬ tions in the municipal market in W. PENNSYLVANIA Center by Installment Payment of Taxes one toward bonds discount a par 1963 incl., and were reby the successful group yield of 0.50% to a price a re¬ and considered be Jan. 1 from refunding revenue redemption No works water system sewer on Harris on 1, 1945, at par and City to 1943,. mature according to maturity. were quickly absorbed investors, the offering being of af¬ ceive sealed tenders until Jan. 31, of 3% series 1941 refunding own judgment with regard to the best of the district, to pur¬ chase Downie, of the District power interests or 1950, Cisco, Court decision, Justice Belt, held that each case the voters placed it the 1, 98.50, the 1944 TEXAS payment of interest. Supreme within . from 1 interest. accrued written by in 1, July up the bonds by of Due $9,000 Bonds maturing and after Jan. power, sue Jan/ The bonds Falls Sioux $180,000 13/4S. Dated Jan. as and incl. Jan. ter making no provision for water 1 1953 to issue and that the ordinance erred in of Interest J-J. Jan. on of the bond purpose 1944 from has purchased an issue of He 7. March on Trust Co. the York, 99.539, a by New at .dated offered County Salem), S. Dak. O. Bank & of the district at that DAKOTA Bonds Sold—The First National $237,000 issue approved voters Co, of a price of basis of about 1.552%. The bonds McCook Directors' ordinance issuing $175,000 of the Trust iy2s, are SOUTH invali¬ and the to election bond the date as County the to syndicate., headed a Bankers $157,000 annually district and Directors of for check Treasurer. plaintiff and appellant, E. N. Board by payable $1,500, Charleston, certified a to bonds The in delivered be Enclose district. the Ollile, had sued the its Co. Power Coast bond opinions only. Will cuit Monday, January'4, 1943 The other 38% repre¬ from state-collected of necessary to build up a reserve 'fund to pay the taxes which will have to be outlawed. For this purpose million one dollars was included in the 1942 tax levy. City officials belive it better pol¬ icy to raise the reserve fund now Seattle, items, such as income, public util¬ rather than to levy an extremely 1936. Wash., on Nov. 3, last, David lie-,' ity, telephone, gasoline and liquor large amount in a single year. Chairman of the Finance taxes; state school and highway Jefferson County Drainage District vine, General City Pension Fund Committee, is reported. to have aids, locally collected license fees, No. 6 (P. O. Beaumont), Tex. expressed the hope that the city fines and permits and unexpended During the first years of the Proposed Election on Barge balances from the previous year's may now be able to refund $542,operation of the Employes Re¬ Bond Issue—A Citizens' Commit¬ 000 of Lake Washington inter¬ appropriations. The unexpected tirement System, the city failed tee presented a petition to the cepting sewer system bonds at a increase in the revenue from in¬ to levy the full amount certified Commissioners'" Court requesting reduced interest rate. The bonds come taxes during 1943 was one by the actuary for the system. A an election on a proposal to issue were issued in 1936, 1937 and 1939, of the prime causes enabling the portion of this deficit was in¬ $2,200,000 drainage bonds. and carry interest rates of 4%, city to make a reduction of $1.71 cluded in the current levy, leav¬ While our re¬ 414% and 4%%. Nueces County Maturity is in in the tax rate. ing $200,000 still to be made up to 1956, 1957 and 1959, and the bonds ceipts this year from the income put the system on an actuarily (P. O. Corpus Christi), Texas tax have exceeded by a consider¬ sound basis. are not callable ' prior to those Bonds Resold—Crummer & Co. % Z However, according to an able margin our; estimate of a of San Antonio purchased from dates. / Financial Management year ago, future revenue from this Matagorda County a ' block of opinion rendered by City Corpo¬ By building up the reserves for ration Counsel A. C. Van Soelen, source is very uncertain. Drastic $22,000 3%% Nueces County road the modified 40-mill tax limit law changes and steep increases in the public improvements, and the de¬ and bridge bonds at a price of would permit the city to refund federal income tax and proposed linquent tax fund, and liquidating 106.064. Dated Dec. 28, 1938. reduction in the state income tax a portion of the deficit in appro¬ any general obligation bonds is¬ ,' ,y •: Talco, Texas sued for capital purposes and levy may have a considerable effect priations to the general city pen¬ Bonds Purchased In connec¬ for the service of such Another sion fund, the city moves ahead refunding on our local revenue; tion, with the call for tenders on. bonds outside of the 40-mill tax questionable item is, our future in its plan of placing all its fiscal , multiples hi % of 1%, The sale is subject to approval of the proceedings by the Department of Internal Af¬ fairs and the approving Opinion Dec. 21 of water works and sewer of Burgwin, Scully & Churchill system revenue refunding bonds, of Pittsburgh will be furnished/ dated'July 1; 1941,-it was reported Enclose a certified check for $750, by J. G. Simmons, City Secretary, payable to the district. that $10,000 bonds were pur¬ chased from Dewar, Robertson & SOUTH CAROLINA Pancoast of San Antonio, at va¬ Charleston County rious prices. The following were (P. O. Charleston), C. purchased: . ■ — Bond Offering—E. H. Robert¬ Chairman son, Board of the County Commissioners, will re¬ of sealed bids ceive (EWT) chase Jan. on of the to not road A. 11 14 for $150,000 interest 4% until M. pur¬ exceed bonds.; Dated Jan. 15, 1943. Denom. $1,000. Due $15,000 on Jan. 15 from 1944 to 1953 incl. after in Bonds maturing on or Jan. 15, 1948, are callable inverse numerical order on plus a each - premium of V\ of 1% or rates of in the interest interest the cost able of are printing to be valorem the bonds, obliga¬ general tax upon property within the without limitation amount, and ally are secured by as to all tax¬ county, rate to be addition¬ a Toll pledge of the operation of the Folly Beach Road in the county. must be conditioned basis, the incentive offered to the bondhold¬ ers being to exchange a bond sub¬ to the 15-mill tax limit al¬ ject lowed cities for an unlimited tax bond.: \t " Milwaukee, Wis. improvement bonds pur¬ by Scott, Horner of Lynchburg, price. df 100.50—v, a 2180—are dated as l%s, 156, p. Jan. 1, 1943, in $1,000 denoms. and mature Jan. 1, as follows: $1,000 in 1945 and 1946; $2,000 from 1947 incl., and $3,000 from state gasoline were assessed locally as personal prop¬ erty, the city receiving all reve¬ nue from that In 1931 the source. state legislature increased the gas tax to four cents a gallon, and the personal property tax on automo¬ removed. was the property tax, annually In autos the financial been focused on the successful last assessed as per¬ property. In addition, the state, makes certain grants for maintaining trunk state a pay-as-you-go, rather owe-as-you-go financial management, CANADA of lieu sonal were on an basis. Recognizing obligations and defi¬ nite commitments, and making provision to meet them, is sound Canada (Dominion of) Plans $100,000,000 Refunding correspond¬ amount an affairs than the city received ing to the amount received when Review—In his annual review of Issue—A syndicate to be headed Morgan Stanley & Co., New York, was reported in the process of being formed this past week by roads for the purpose of underwriting an offeriing of $100,000,000 Do¬ city is the effect minion bonds in this country. gasoline rationing will have on Proceeds of this financing would gasoline taxes and automobile li¬ be used to refund a like amount cense fees. The uncertainty is within the city. The problem con¬ fronting the of the Dominion's'5% bonds due prosecution of the war. Most of the municipal functions, especially pertaining - to protection of life and property, health and sanita¬ the levy, recently minion now outstanding. No. date has been set for the adopted/is probably the last levy for payment of principal on the offering of the new issue, and it bonded debt of the city. It is ex¬ is understood many details re¬ pected that next year the Public main to be worked out. Under services, education and main¬ $20,000 tenance of street lighting and pub¬ Va. Mason the Formerly automobiles biles WISCONSIN from revenue tax. tion Sewer lic property must be continued during war-time. However, some normal activities can be and have method the state will use in on allocating those revenues, v Bonded Debt Requirements The -1942 in highest 1952, which 1, 1922. This ~ were issue issue of coupon is is¬ the the Do¬ tax during the emer¬ Debt Amortization Fund will be gency. Permanent public im¬ able to assume the remaining $10,It may be provements have been practically 362,000 bonded debt. eliminated for the duration. ' necessary to include in the 1943 With Milwaukee's reputation levy an amount sufficient to pay been May sued curtailed 1949 There¬ for sound financial management the interest due in 1944. 1950 to 1953 incl.. Callable at par and firmly established; city officials after Milwaukee taxpayers; will be relieved of their bonded indebted¬ are fully cognizant of the difficul¬ accrued interest -on any interest ties and responsibilities of con¬ ness. date (J-J) on and after Jan. 1, 1948. Legality approved by ducting the fiscal affairs in a war¬ Permanent Improvements Thomson, Wood & Hoffman of time economy. Conditions change With the intent of keeping the New York City. Other bids: so rapidly that it is extremely city debt free after the existing to The Bidder— Scott & P. Cfaigie Co Patterson, of Powhatan.......... W. Miller Bank & Int: Rate Stringfellow.1.40ft> Rate Eid 100.17 iy2 100.19 1.70 100.04 2% Par purchasers will be furnished with Richmond, Va. the opinions of John I. Cosgrove, Bond Sale—Correction—The $3,Attorney for the Board, and 140,000 public improvement bonds Huger Sinkler, of Charleston. All offered by the above city on Dec. bids voluntary the usual procedure, the Canadian Government will not announce the redemption date for the outstand¬ ing 5% bonds until the refund¬ ing issue is marketed and delivery of the bonds has been made. new The 5s of 1952 became on May 1, 1942, but funded at market that and callable not were time because wartime re¬ of conditions , or net. revenues to be derived from the Sanitary chased recently & Co., New The county will pay City. ad County Bond Sale Details—The public at tions of the county, payable as to both principal and interest from an ■/ . Henrico Principal (J-J) payable at the Chemical Bank & Trust which 1961.. to bid. a standing of the city, 1952. Comptroller. William H. Wendt re¬ Bonds Nos. ,15 " to 17, to the ports the following: amount of $3,000. Due July 1,. As in the case of proprietors 1953. ■ ■'/,^ and directors of private enter¬ Bonds Nos,' 81. to 84, to the prise, the attention of public of¬ amount of $4,000. Due July 1, ficials during the past year has District No. 2 Rate York $2,000. 14, to the Due July 1, (P. O. Richmond), named and of amount on Comptroller's Annual Financial and 13 for maturity date, the maximum premium, however, not to exceed be Nos. year, or fraction thereof the date of redemption to the 3%. Bonds .be to Due July 1, $1,000. or after Jan. 15, 1944, at par and ac¬ crued interest to the call date, from Bond No. 5, 1950. Such refunding would have limit. upon 16—v. 156. p. 2085—were awarded hazardous to forecast the future. During the present critical period unpredictable developments may completely alter the situation. Progress in the city's financial condition can be during reported. the year 1942, bonded debt for, a permanent fund was ago. poses has been generally. provided callable improvement part, established several years raised bearing bond projects are in issues, financed interest- at as in whole, a and par days' notice. Whereas funds for such pur¬ keted were Under the terms of the original indenture the bonds but interest The issue the April, 1922, by United a now such by J. P. Morgan & Co. cash fering price was in on 60 was mar¬ States in syndicate headed on a are not par. The .of¬ Volume 5 FINANCIAL CHRONICLE THE COMMERCIAL & Number 4139 157 • \ • • mi Investment News General Corporation and RAILROAD PUBLIC UTILITY - INDUSTRIAL - INSURANCE - MISCELLANEOUS - IT,a The company equal share on A, stock, initial distribution pf $3 15, 1941; none since"-*1 paid a dividend of,$1.50, per on, the;, 6%.. cumulative,. preferred 26 Dec. on of accumulations par $50, to holders of record-Dec. 21. per' share was made on this issue on account An July $0.97 and ' business on the to Aluminum close of part . business on Jan, 20, 1943, of exchanging all or any holdings of said stock for shares of capital Stock of at the-rate of ">ne share of capltal'stock of their . ,., Stock— Pays 30-Gent Dividend on Preference - declared a dividend of 30 cents per share on the $2 non-cumulative convertible preference stock, no par value, pay-able Dec.- 31 to holders of record Dec. 29. This compares with 65 cents directors recently The share paid on Dec. per 1936.—V, p. Dec, 23, 156, •:V- 951-, Y • ■ ■ November—' ""Y •/ ■ 1942 Net ry. Net 57,487 30,254 2,167,579 1,863,243 735,866 570,933 429,619 156, 267,484 New " ' • expenses ♦Federal tion Southern RR.—Purchases Great Alabama of New Co, Guaranty Trust The American York has been Bonds—: , expenses General Federal Fed. 156, 873,941 1,561,086 110,154 534,367 Int. 1* . Divs. —V. 156, 2093. p. Profit foreign $56,775 $1,452,595 $1,089,725 9 Mos. End. Operating / I : U. for Fed. S. Net $5,688,626 742,762 inc. & excess prof, and foreign exchange— 701,102 on from income i. 548,279 % 1203. Y . 21,258 $2,532,847 $12,611,647 708,573 2,787,858 $12,687,901 $9,823,789 $9,854,544 & ether & $5,282,670 deductions other Int. ' carried Balance earned consol. 691,278 deducts.__ ♦Provisions 2,833,357 to.* $1,824,274 $4,591,392 surp._ taxes for for Federal made were the nine months ended 1942, at estimated rates which resulted in an overprovision of approximately $2,700,000 during such period. Adjustment for approximately4 $2,300,000 of such overprovision has been made by credit to tax expense in the October, 1942, account?,—V. 156,; p. 2187. 225,347 30, 332,089 .. American Stores Co.—November Sales Up > 21.5%— a He - ■ Consolidated 1942- Period End. Oct. 31-~ of the —V. Vice-President also has been and general Operating $972,138 President . (& Subs.)—Earnings— Operation $ : $ Depreciation of 742 8,640,053 104,094" 95,559,850 which 3,306,832 35,255, 196 33,458,835 routes. 432,560 5,625, 569 4,986,702 1,116,842 _________ Dec. on officially .opened 21 the com¬ transcontinental cable from New York to San Francisco. makes it possible, for the first time, to'telephone from coast to coast over all-cable telephone facilities. Two years of steady construction work across plains and mountains were required to build the new line, which runs underground for 1,600 miles. The new line is in addition to four other transcontinental lines 2,947,098 ____________ Maintenance Amortiz. ,»» 1942—12 Mos.—1941 Telegraph Co.—Places Trans¬ Cable in Service— Gifford S. Walter cable 8,851,266 _A_ ' new This 515,425 revenue „ American Telephone & ' Mont4»^94I, 'V' 1571. p. continental Telephone subsidiary, manufacturing Income Account 13,537,359 187,316,398 141,389,671 16,451,561 156, t. , company, $ consol. Subsidiaries ' jj» J £ • i , engineer is ,1942—11 Mos.—1941 1942—Month—1941 Y Period End. Nov. 30— $625,833 j Sales chief Preis, formerly Vice-President. G. > 150,547 124,065 — int. $957,922 Vice-President— American Gas & Electric Co. ^ $1,011,965 $1,096,203 — 25,328 4,975 4,866 bef. "• 41,254 income 85,035 $610,963 of Amertorp Corp., a wholly-owned and aerial torpedoes.—V. 156, p. 1412. naval $861,418 ♦U. S. Federal income and excess profits taxes of Air America Cables &. Radio, Inc., for the nine months ended Sept.1 30, 1942, have been estimated in an amount equal to 53% of net income of that company Net 109,254 ' manager 540,515 $970,711 operations. Corp."— 82,221 ________ taxes pany's long-term debt of All America $2,705,865 $13,331,321 $13,475,814 92.325 351,838 382,057 75,718 \ 342,508 384,593 _1— taxes Balance $732,575 $795,463 A___ before Int. on long-term debt- Y' $880,498 269,535 long-term; debt of subsidiary—;— 156, p. elected. 481,415 Cr71,770 Cr71,140 income on Other 1,207,451 Cr70,835 Cr59,842 income - Carl 859,000 '♦ 597,013 Non-operating Income ''y Int. Total 615,039 ^ American Can Co.—New „ 1,121,000 taxes —V. v..„. Net oi>erations " 568,850 i——— amortization- $2,685,307 $13,266,717 $13,410,230 20,558 64,604 ' 65,584 874,000 1,155,087 income -..'Net: .... 1,711,471 "" 628,434 expenses_i____—. depreciation for -V-' 2,092,078 Other, taxes Provision 1941 $6,178,169 miscellaneous $5,462,098 16,913 above) shown , repairs__,_—*"~- and and General ' ,• revenues Maintenance Profit ; $2,685,307 $13,266,717 $13,410,230 & , i1942 of operation—. Expenses ♦Prov. Sept. 30— from Power Co.— as Federal 1,292,501 1,121,000 and amortization—_ exchange—•_ Nonoperating income: Interest on Earnings— (& Subs.) 1,214,016 — depreciation income $5,462,098 subs.-l- income Sept. Net All America Corp. 1,241,066 expenses and exc. profits taxes inc. Am. Co. in $5,479,011 of Expenses - 50,619 41,539 10,782 equity of Am. Pwr. Lt. Co. in inc. of Other 4,366;224 1,218,383 4,648,492 2,342,138 / / on > $2,696,089 $13,308,256 $13,460,849 17,558 $10,889,966 $10,235,338 ___: taxes Net : Balance r for $3,727,819 2,275,224 $3,431,863 189,082 $251,953 I /. 195,178 ctock—; pref. on 4,754,825 Other 531,347 1941 1942 & Light Light & . Cr77,773 to . of equity American ■''.V 15,801,879 Cr219,927 1,792,946 public____ income Net 15,942,892 $4,489,025 $20,480,007 $20,632,591 1,792,936 7,171,751 7,171,742 $7,272,602 applicable Pwr. (& Subs.)—Earnings— 774,684 $8,186,639 $642,200 Cr3,300 ________ minority ints. " 30— Sept, for U. S. Fed. Prov. $642,969 $11,932,079 391,016 8,204,260 51 v:w— income " / : miscellaneous and $453,118 deductions other & Net charged to to Portion Net 3,921,042 ' Crl7,500 3,949,823 $5,479,656 divs. subs, operation______-_-_-.. and repairs_4._ Maintenance Provision income Gross 2093. revenues Expenses of General $1,173,547 11,322,945 and Balance / engines. p. Ended Months 9 Operating 2,762,421 taxes prof, interest Pfd. r. 29 filed a complaint in Federal American Cable & Radio Corp. 2,860,025 2,988,490 2,685,340 239,015 316,637 taxes_„ income excess . cancels all tire agreements'between American Bosch and G.M.B.H., a German concern which manufactures similar, decree products.—V. 250,000 taxes public to construction 1942—12 Mos.—1941 164,049 depreciation- for Prov. 757.330 . t- , injection equipment, generators, similar, apparatus for various types of stationary, automotive Diesel and $2,281,353 $28,237,080 $26,004,077 : 1.082,732 9,647,076 10,099,489 11,773,623 $8,392,567 $36,202,972 $36,356,697 " manufactures" fuel corporation •■/ The f 2,826,974 $11,219,125 Less the litiga¬ With Sherman Act Corp.- -Charged Department of Justice on Dec. Robert Bosch, 1942—Month—1941 $2,344,926 revenue 2,956,525 deductions other agpinsi the magnetos, coils and Power Co.—Earnings— Alabama Period End. Nov. 30— Opera ting The 10,054,514 approp. income Gross Interest President, for trade "and by fuel injection and, related industries. ;; At the same time, Federal Judge Alfred C. Coxe signed a consent decree effectively canceling the agreements involved and providing for royalty-free licenses until six months after the termination of the war. authorized to con¬ 44,099,482 11,848,087 10,036,673 $8,346,388 $36,050,770 $36,225,631 46,179 152,202 131,066 corporation and Donald P. Hess, its alleged violations of the Sherman Act by, restraining participating in the restrictive agreements involving the to Gross Bosch Violations—Y-Y:"Y purchase, to and including Jan. 22, 1943, first consolidated mortgage series A 5% bonds due Dec, 1, 1943, at 1041/2/^ flat and series B 4% bonds-due Dec. 1, 1943, at 103'/2% flat. Bonds must be surrendered at the Guaranty Trust Co. of New York,140 Broadway, New York, N. Y„ with coupons due June 1; 1943, and Dec,; 1/ 1943/ attached.—V. 156, p. 2187. ' />'■v"""/'/ ''/./'V/'v tinue res. Balance'' The 15,854,151 2,557,834 operating revs"" $11,160,043 Other income (net) 59,082 Corporation will be considerably in excess of Alcoa's production." Federal District Court at New York held that the Justice Depart¬ Court 47,951,110 3,451,396 Net production not proved its charges of monopoly. Dismissal of tion would leave that decision in effect.—V. 156, p. 2187. _ 11,759,659 2,295,475 2,329,946 _____—__ retire, and deple¬ Prop, A b. 12,332,120 taxes taxes Other showed ment has the common This com¬ pares with 10 cents paid on Oct. 1, last; 20 cents on July 1, 1942,* and 10 cents on April 1, 1942. Payments during 1941- were as follows: April 1, July 1 and Oct. 1, 20 cents each,..and Dec.'27, 30 cents.— V, 156, p. 1202; / " <-./ ' ■ ■ ' ' • $31,074,109 $28,942,251$121,666,327S113,550,659 revenues Operating ■ .. 1942—12 Mos.—1941 , / ■ .. 1736. Subs.)—Earnings— 1942—3 Mos.—1941 Subsidiaries—. Plant year-end dividend of 30 cents per share was paid on stock, par $20, on Dec. 26 to holders of record Dec. 17. Offices— at 122 East 42d St.; are Telephone is Murray Hill 5-7142.—V. 156, p., York, N. Y. Period Ended Oct. 31— added that the statistics presented by the Justice De¬ "that of the' estimated aluminum production for of the capacity owned by Alcoa will be about of the total and the production of the capacity owned by Defense 40% this company the offices of Operating •"// ■ , T 1463. p. American Power & Light Co. (& company the 1943, i Dividend—, & Iron Co.—30-Cent examination." moment's a partment A Alabama Fuel 7 » bear not 'v-_- ';<}.■,■"/ 2003. p. Effective Dec. 28 Department's)' (Justice 156, American Potash & Chemical Corp.—Moves, aluminum-producing plants owned by the Government," the brief said, "it Is hard to tolerate an assertion by the Department ' of Justice that thereby Alcoa is , entrenching its alleged monopolistic ; the liquidating dividend of 25 cents per share was paid Dec. 23, last, 'capital stock to holders of record Dec. .16 A liquidating divi¬ of $1 was paid on Oct, 9, 1942, and a payment of 25 cents made on;April 1, 1942.—V. operating The 621,320 576,198 income— oper., ry. —v. $182,819 85,309 59,087 income oper. dend A,motion to dismiss the case .previously, had been filed by the com¬ because of the fact that the court lacks the legal quorum of six justices to pass on the controversy. > * " • /'. ; ' The motion was opposed by the Justice Department, which said there was "a prospect" that legislation would be enacted to reduce the number of justices required for a quorum. . . / • ' ' •' •' t "When the Government has sought the aid of Alcoa In constructing in Properties Corp.—25-Cent Diy.— the on memorandum that Alcoa will supply, over 90%' of the contemplated aluminum production and that after the war Alcoa will control over 90 %* bf a capacity nearly seven times as large as it was In 1939 is likewise unfounded and will 1939 $218,917 railway____ railwayJl-lY" from Net A ^ ; ^ , statement ./ American-Canadian required, brief, filed "The ,>*,/, P..XS57,„ more a position. 1940 ,1941 • $318,588 $255,947 118,514 71,574 66,521 34,004 From Jan. 1— ''V";."/Y"f'.: ■ " "Y/Y'Y' •'■' Grcss from railway^— 3,151,907 2,864,364 Net from railway.:—, J .048,301 1,107,678 from Gross '/•/ -j , ' • ' ' Monopoly V;'<*'/" pany and Cantort & Youngstown Ry.- -Earnings- Akron / ; ■ and 60 cents on last; $1 on Dec. 27,-1940, 29, Answers YyY". >'<. • deeply than e.vei; in its monopolistic position." / with .the U. S. Supreme Court, the com¬ pany urged the tribunal tp dismiss litigation involving Justice Depart¬ ment charges that Alcoa. possessed a monopoly in the production and sale of aluminum. " /. 1 In Pan , 1145. company Alcoa American plus • $2 in cash for one1 s.hare of said convertible preference stock of Air Investors, Inc. Such offer will -be made, in respect of not more,' in the aggregate, 'than 10,000 shares' of con¬ vertible preference stock,' the Pan American corporatioin not being obligated-in-any way by> or -with respect to acceptances covering more;; , in the aggregate, than said number of shares. ; / W Y /',„* «v, of " $114,-" nine - months - ended' called "unfounded and unwarranted" a JusUce De¬ partment statement that "the war emergency is operating to entrench; The- Airways Corp. Pan American -U- America of Co. Charges-— """%'-•/ advises of totaled 1942, Oct, 31, ended for amounts 1941, include approximately $263,000 for underaccruals -in prior to the enactment of the Revenue Act of 1941. The tax charges for the 12 months periods are effected by similar under¬ accruals and adjustments; the current period includes charges of approximately $707,000 for underaccruals in the prior period. Also the, current period includes a non-recurring credit of approximately $120,000 and the prior period Includes a similar credit of approximately $500,000,. both due to the 1940 refinancing of a ■ subsidiary.—V, 156, 1941 Inc.—Exchange Offer— dated'Dec/ 23, 1942, to holders of the' convertible preferencethem that all holders of - said stock of record at the Dec. 29, 1942, are to be offered the privilege,-up letter A close "/i: - the'nine-months , Air Investors, stock against $2,890,000. Net sales'for 625,538 as compared with. $102,427,783 ior the Oct.. 31,. 1941, an increase of 11.9%.—V. 156, p. the to In 1942 prior by approximately $500,000 for overaccruals enactment of the Revenue Act of 1942. The reduced 'October, Federal income profits taxes, normal taxes and surtaxes on income totaled share, for the same month a year ago. common a excess, $5,700,000 y. 154, p. 1257. been profit for the nine months ended Oct.,31, 1942, was $3,653,313, to $1.52 a share on common, comparing with $2,634,023, or Net Co.—$1.50 Preferred Dividend— ■; Aeolian • 1,068,186 13,254, 027 12,729,224 eleq. plant ""/'• adjust. part of western of each On United States by four, different the other these however, lines, the open telephone'pole cross-arms. % Acquisition— / ;/ the cross carried overhead on * wires are ' deducting such taxes,—V. Allied Chemical & Dye 156, p..,1202. t < Corp.—Sells Interest in Sloss- Sheffield Steel & Iron Co.— See United States Pipe & " 8,333 8,333 8,333 The ♦Federal income taxes__ 177,952 499,147 7,325,251 7,083,809 sition ♦Excess before taxes^_ 781,629 610,501 9,669,359 1,075,327 822,652 822,565 9,725,650 9,451,878 Telegraph of Missouri, a wholly-owned subsidiary which has title to pole lines, cable, conduit, rights of way, lands and buildings in Missouri. The property is carried on the Missouri company's books Operating income /"/ 2,481,335 1,891,930 23,139,691 26,765,741 254,957 328,478 acquisition Foundry Co., below.—V, 156, p. 2093/" " taxes Other : profits Other 32,766 income, / 20,784 .. 100,000 ■ < - ■ at RR,.—Earnings— : ' Alton " 1941 1942 November— ' 'railway'I—$3,242,060 Net from railway—1,586,120Net ry. oper, income/„_^. * 1,408,244 From Jan. i— Gross from railway. 28,565,825 Gross Net Net from -from vy. * 15f "Deficit.—V. •' " " 10.710,325 2,461,584 12187. railway_r_— oner, incoir 1 ' $;■> f Period End. Oct. 31—' before taxes j sales^ net Profit Prov. sales__2 net ♦Total & for Fed. spec. est. profits "axes; taxes & 33,810 688,803 " , Consol. Undist. about those made on Christmas Day went through. De¬ encountered bn many, routes, particularly those to remote points, and the flood of traffic over transcontinental lines was par¬ ticularly heavy.—V, 156, p. 2303, 1947. " —123,869 2,889,993 3,463,793 net Divs. income //"' of • •* rY- '/..': • Lord Int. bonds & on 3,463,793 2,889,993 1,057,905 54,165 - 64,163 advs. 8,308,545 12,053,105 54.165/ 649,978 881.324 68,572' stocks— 842,800' 939,977 ' 4,486,310 3,425,255 13,323,548 9,665,329 income Other u. 2,211 A_. . 3,430 i , 33,601 . : 57,334 1,630,000 17,010,000 -1,678,540 . & Taxes 12,700,000 ■ exps.; 600,000 1,786.310 1,000,000 1,195,255 $0.49 merchandise inventories. ■ 1,060,202 ,13,298,718 16,821,733 81,919 839,207 983,236 978,283 12,459,511 15,838,497 92,928 - 72.230 1,102,933 1,134,434 140,767 1,689,209 the for past 19 1,606,310 . Int. & Divs. deductions 90.640 pfd.. stock— 140,767 other on . earned for r' coin. 7 —i\—..— 1,374,903^. ■ • 744.588. _9,667;369 ' 13,014,854 profits tax charges- for "he month of October, 1942, after giving effect tp the 10% * post-war refund, have . *F3deral. income and excess of advertising Lord Mr.:Lasker's Don will the yea'rs" \yas b. - Lasker & Thomas. of Three largest agents and oldest advertising agencies for the American Tobacco Co. dissolved at the close of business on principal owner,. President and a was associates. Emerson Foote, Vice-Presidents of Fairfax M. Cone & Thomas, Lord operate* the which Co.. V. Belding, ail Executive business...under the name of Foote; Cone & Belding", firm will continue to receive the advertising of American Tobacco according to George V/. 156, p. Hill, President of American Tobacco Co.—. 1012. • American Water Works & -— Bal. ..stock one of director • and Albert 31.. Dec. 1,689,209 - 3,675,000 Balance reserve profit_— world, the in Thomas, & and Total Agents- • —123,869 1,558.002 preferred stks. on two-thirds of were American Tobacco Co.—New Advertising ' Divs, on com. normal amounts of certain 12,053,105 ' inventory net 14,943,098 8,308,545 • Elec. sitbs. consol.; as above , necessary "Y' 11,772,338 Co. ' 'f* intended to 934.036 . 1,558,002 consol. Gas & / /; 1,057,905 714.525 income of' "American > it longer Y Christmas Long Distance Telephoning Broke All Records—..: -.'Y'Y*":'': ■; The Christmas holiday long distance telephone rush in 1942 boosted traffic 24% over 1941 to break all records, the company announced. About three-quarters of the long-distance calls placed the day beforeChristmas were completed, based on reports from 16 large cities, and 7,308,408 . lays i '" 4,128,189 1,558,002 net - no 437,425 stocks A: Undist. was ' 3,884,098 com. ____ com. on it 46,400 729,041 1942—12 Mos.- -1941 $ • " $ ' ' « 43.081.495 -38,673,946.164,OOd,611 141, 562,"18 42,638,047.- 38,376,066 155„634,584 136 152,559 ' for earned '..StOCkS , Divs. subs, S 7,300,785 explained that since 323,640 ; 2,719,371 ♦152,627 1 608,637 company /--"""/Y/v existence.- 323,640 stocks— pfd. on Bal. 135,304 6,313,548 4,990,329 Earns, per com. share_. $0.82 ' $2.82 $2.11 'Excluding sales of stores not owned at all times during both periods. *The provisions for Federal taxes on income have been made on the basis of applying the "last-in, first-out". principle of; determining: the ; Divs. / 14.927,081 4,878,438 1,733,579 607,158 / deducts—. & 27,094,219 in has approved the acqui¬ the American Telephone- & 25,301 funded debt on Int. Other 23,394,648 118,979 55.407-. surtaxes, on for valuation Interest 1,912,713 exc. income - 366,851 1942—3 MOS.—1941 ' Approp. i 287,664 inc. res.___. Fed. $i. 462,291 Subs.)—Earnings— $ Total - 18.236,451 ■ (& ^ $1,363,209 345.953 . ■ Allied Stores Corp. 1939 "1940 . $1,700,507 2,514,101 income Gross >. Commission Missouri, corporation, the have it to parent The $12,092,777. dissolve i' Communications Federal by the company of all the assets of Output of electric energy the week ended Dec. 26, for of 7.30% week of over 1941. the output Electric Co.. Inc.—Output— of "he electric- properties of .this company 1942, totaled 71.785.000 kwh;, an increase Of 66,900,500 kwh. for the corresponding ' ' • ' • 4 THE COMMERCIAL 8t FINANCIAL CHRONICLE table Comparative weekly Output of electric of Liabilities— the last for energy 7% five, years follows: Week Ended— bee. 5 77,769:000 73,316,000 preferred stock, Illinois company....... Common stock (pal* $5(7 *.•_///—Z-2- 'Ndtes 73,792,000 62,722,000 56,160,000 47,564,000 79,546,000 Dec. 26 *71,785,000 *66,901,000 *55,439,000 *50,129,000 *42,574,000 *Includes National holiday.—V. 156, p. 2303. / 19 payable Acceptances Accounts Accrued and Ann Arbor RR.—Earnings- NovemberGross Net Net ry. 1942 1940 $440,143 1941, $379,419 $347,123 121,283 66,728 89,122 111,577; income—. 62,037 45,627 53,441 ,72,661 railway oper. Gross Net from —-v. 156, Funded 1,151,327 -777.305' 1,119,327 - '604,245 469,683 726,678' ' 338,024' 371*230 1947., •;'"■/ President's other sources • v a sales and a sum 40% greater revenue ever obtained ceilings the first- half the of • realizable Account Gross Ended—;. sales, amounted bn before dividend and taxes .'less Interco. • product processed, renegotiation excessive {he profits; of Amount It Reported. '//''•/ the amount $9,369,603 in r ; Re-invested—Consolidated Largely Earnings less V"'" paid consolidated 7 ";■, levels. inventories expanded Earnings prov; Tax decreased with to • The C The in buys company this of is of and cost Revolving the in become to and year shipment to our allies. ■'■>"'-//•■"/-/ /••". ■ of numbers problem a . of • . current of is there of the on The for Is the of because in the At '/a% of this end their greatly of 111. Subs Co. it is and ; . ^.7.'/■,• Armour & reach runs ■ - usual NOV. 1, '41 • Nov. 2, '40 ' Oct'. 28, '39 1<g-. ; $ .' M.v'\ 733,949.084 715.318.910 21,738,005 4.892;757-'; •/ 5,827,549 31,971,977 ; j " 433.200 7'-' 275,479' / " - 23,973 779,491 121,364 . - . 1,752,812 .'•V i / 1,413,394 8,495.642 —> 7'7 3.848,866 3,601,250 10,172,328 7 _ 6.204,367' 3.410,145 ;V 2.908.046 V 2,886,984 1,908,067 - 7% on 59,580 12,059.357 ' : ; 3,690,538 _ 3,757,002:'/ - In above income account, 1 5,801/;• 3,746,890 tlncludes 21.341 / Contributions to einpl.'s , pension Balance 900,000 900,000 600,000 7.% 600,OOCI 28,771,306 1,468,420 26,107.801 15,457,642 1.721.958 964.152 12.476,531 1,154,541 30.239 ,726 income-—/ Sheet bonds -and (Delaware Company And advances..__/_7 Subs.V ' 10,421,118 A income Int. and .Fed. income _— 27,829,759 16,421,794 13,631.072 amortization. tax, 4,035 ,649 Z < etc.// 10,172 ,328 3,640,429 3,602,989 ..I:.: 3,725,982 7,254,367 §2,988,985 155,058 351,113 Minority interest 22 ,176 59,580 Foreign exchg. transact. tfCrl 19 ,862 f fCr311,414 5,802 21.341 4402,579 $699,095 /Loss sale real estate../ / • 782 ,303 N. readily . Transfer 1,752,812 1.413,394 ■: income 500,040 : 1/501 ,087 Miscell. deductions social 292 ,800 50 3,935 262,857 14.802,607 15.111,410 3,690,538 $$3,757,002 8,307.429 State 3,746,890 11.112,059 income pref, ■/_.///. divs. (Del,) Surplus Com. shares Earnings .. (par 11,354,408 4,560,539 3,265,167 4,065,799 4,085,827 $1.95 $0,26 lUnrealized loss. foreign Income taxes. redemption-' Jan. 1, 1942 . year taxes included ttUnrealped in gain. ..^Provision ft Amount 1942. foreign realized earnings in (Delaware and Co. of 111. Balance and Domestic deferred in for S. Sheet Subs., end (Illinois inch Armour the - Cash i & Co. accounts Intercompany Deferred Goodwill and 1941 realizable owned 120.000 stocks, and its Ohio Nov. 1, '41 R $202,000. Dec.. 2,. and S. Sole . The was 776,477 units, or 4.384,076 30,627 187.979 V. 156, — — . 366,"516,712 347,399,405 company or the p. 25 nec shares pursuant to artd party principal or in a accordance with will paii- person, amount notes or; the covered by See further details in V. for November Year and of 10.7% 2303, be the bonds such any 156, to 7 1942~Moiith-~ 1941 • > or tender p, 2303, Date N - ; : // 1942—11 Mos.—194l '• 28,599,333 2,586,265 struc. "g •»,' "'"4 ' 20,046,979 280,080,991 208,349.163 1.930,992 25,480,312 19.227,506 4,882,940 57,250,120 47,352,131 ,; 5,173,592 :v 464,722 454.005 5:033,454 4.754 008 8,521,361 6,969,471 88,845,660 67,608,056 174,308 2.589,305 1,739,077= 505,089 6,617,330 5.241,713 259,326 ___ ; 636,530 investment from rev. /Crl.653 Crl5,00l 10,957,537 ... accruals.. tax Equipment •V rail¬ operations way Jt, facil. 5.131,827 4,409.993 Other rents .(it net). rents Net ry. tneti 94,264,810 62.441.673 1,721,523 *32,802,063 *13,960.696 382.629 5,351.802 2.408.374 '• 158,812 144,302 1,521,745 1,686,983 5,754.263 income- oper. 634.469 > 2,883,373 54,589.200 44,385.115 — income Total 1,644.889 Income Miscell. -.—/deducts; /from - 493,697 7.329,079 7 399,152 . .3,377,070 61,918.279 94,145 = 5.80G.926 . 50,192.041 <■, , income •• , 565,133 1,309,936 / 1,699,181 ' Inc. avail, for ;>_////_— .charges i/_//./u_>: $2,165,160 1,913,434 83.465,543 7,305,007 3,111.937 60.608,343 48.492,860 2,580,489 2,643,842 28.636,056 28,891,672 income Net 4,724,518 468,095 "70,433,673 232,780 Excise 290,838,270 275,946.150 because of of exchange Tax —V. .. ■ '• . ' : - / Ptock of Tri-City-in 2094. ....... 156, Include; Railroad a/c Railroad 31,972,287 /19 601*188 /:/"/■ Retirement Act.//.., Insur. 3.536.633 2,805,120 3,536,433 2,804,358 18,998,561 Unemployment taxes income ' 2,194,233 Act — 2303. p, Bausch & Lomb Optical Co.—25-Cent Dividend— " dividend of 25 cents A stock, Similar par $10, distributions Payments 25' cents an to": the net proceeds-from the sale oif the properties of -Tri-City, - estimated at properties was approved-by the Commission on accruals tax a/'c .( Federal restrictionsf . common fixed cha rges 12,671,203 y." 237,121' Fixed equal Electric Co.—Weekly Output— electric 125,827,591 during each, Bedford 1941 and Dec. Pulp per share1 payable were & Were 30, as 50 recently declared was Dec. made to 30 on April follows: cents.—V. Paper Co., holders of on units Gas-& output Electric-Corp, of (kwh.i, above "production of the This report Associated is an 113,616,009 for the Gas-& increase units a of week Electric 12,211,582 year the record com/ Dec, 26. 1, July 1 and Oct. 1, last; April I, July l and Oct. 1T 156, p. 1572. Inc.—Bonds Offered— Coffin & -Burr, Inc., and Whiting, Weeks & Stubbs, Inc., Boston, on Dec. 21 offered $700,000 1st (closed) mtge. 5% sinking fund bonds at 99% and interest. ; - Dec. 1, 1942; due Dec. 1, 1949. Principal and interest payable at office of the Trust Company of North Amerira 'trustee, New York. Coupon bonds in denominations of $1,000 and $560' interchangeable, registerable as to principal only. Redeemable, all or part, at option of company, on first day of any month, on at least (J. &D.) ago.-— 2187. Associated Gas & Electric Corp.—To Sell Subs.— another of/ York New company or exchange • member signing provided therefor, delivering and accept-:,: of- another bonds equipment./-' Transp.v for 144.440 division p. member of the to the & way 30 3% days' and notice, step in its compliance with Section 11 (Bi of the Public Utility Holding Company Act, corporation has been authorized by the at thereafter redeemable As 7ctal Dec. could - (Illinois)jFOreign earnings riot currency trustees of Associated ended group -its; to the principal amount tender' (other than by . 18,281,511 4,420,005 "If one $1,000 per . Dated 570,324 : of,the 1942.—V, 156, .52.175,459 124.991,073 118,999,084 11,203,620 11,018,172 charges amount Electric of Associated Gas & 130,294,370 11,282,277 advances part: by any ' 724,922' V ' 61,0^54,855 receivable.... bond par River . /•■ = and cancellation tender a $2.50 operations General. 4,646,454 8,617,552 5,831.032 13,425,721 Exchange Commission on Dec. 29. approved the by the company to its subsidiary, Tri-City Utilities' Co.", for-retire¬ .,25.575^937 receivable accounts Securities of Miscell. 80,000 Associated Electric Co.—Stock Cancellation— sale in notes or revenues of Maint; of mon ment meaning 748. 46,383,851 exchange gain on translation or*foreign 'accduhts' into Currency.—-V. 156/p. 2034." / / ' .//:'•■ ■ ; The p. company) by Armour & Co. ln,U. trust the- space, the balance. oper.- Traffic unrealized aggregate , Del., and 138.G70.220 Inventories Investments, f All the in 156, be compensated at' the rate provided ' in making delivery of and accepting settlement by tender acceptances. ' : >>v'P transportation 1 _L_ feadily S. 1940.—V. ■5 *Packing house products at market values, less"aliowan'ce fo'r selling ether products and supplies at cost* or market,- Whichever is Ui Commission declaring Exchange RR.—Compensation for Tenders— insurance Earnings Rv. expenses; and and company for an order investment company within the said, bank, in delivered so «Railway tax and S. ; of S — and U. 1940 Company). Foreign Subsidiaries) - •'Land, bldgs., mach, and fixture equipment..,. Ilefrigeiator cars, delivery equipt., tools, etc... Notes Nil the 'Securities covered notes company Ma int. and- 146,754 16,419,591 realized currency Nov. 1, '42 Assets- ' - Condensed & State called for1942_-._._.///D_:L ' shares called for on U. fiscal years. (Armour 4,065,992 ... 1*608,026. :'v■>'O't tfk Will for Period End. Nov. 31- 117,521 fNet expenses. $$Ineludes $11,352 dividends on fiscal ; 1,525,894 -'•/ covered company, any: portion'Of 3,000,000" 40.549,789 I local taxes ''/^/z/./__,/.//// Federal' income taxes...../ stotik lower, 4.055,760 miscellaneous 2,167,474" 63,974,000 3,000,000 . *Other than loss. $5)— share.—_ per 62,896,000 Workmen's comp. ins. Total Net %: 2.220.469 an invitation The and reject ■53.119,500 redemption Jan. 1, Acceptances payable; ^r//.;/./,///. Accounts payable /.-__._/-Z._i/__/_/_//_. Minority stockholders' equity in sub. cos.//. Deferred. income 7,012,057 3,746,890 /_/. 2,443,679 by be stated. the or ; -10,000,000 security Preferred 3,815.435 company/' < ' r 1 , % The company reserves tho right, fn its absolute-discretion,, to aocept-i' or reject any or all tenders of any of said bonds or notes or to accept; 10,177,693 52,535,900 — - deferred from Y. payable interest/ wages, Accrued - 7,024.590 members of the National Association of Cecurity-; of the Investment Bankers Association.; Members notes or acceptance '- 7 •io,ooo;ooo : ///_'.>/..„/-i Reserve "for cn - 7,494,008 Ohio and the notes ' — contingencies--.-///-/.^//../.':-/ 133,173 earnings not realizable— ' ... Surplus 1 ///■-_///.////-.v;..—-/-_///-/./; — _ foreign 1,921,903 ; • . \ Reserve for for 147.582 ,' = «- 10.035:697 Company Act of & was trust Railway Reserve Notes Total 212,735 151,379 . + V $681,358 1,927,499 set to invitation by 290,838,270 275,946,150 sto'c$ Delaware- company.—./ stock debt ft an $'694,454 equity in ■ preferred Funded Balance Other •; >• « 1939 . 253,349 8.929,844 ing settlement for bonds 3,746,890 . .. cha'rgCsr-L—7- 3,588,433 ' 3,662,230 _/_L-77-7.'_7--._-^_7_7-7:.-777--_%_. ' •' 30,627 •' 187,979 fCommon - • , application of the an the-tender-form ;7,706.63! 90,216.511 stocks, Liabilities- /''///■"•;/// "''//'" ://->•*•' /•:. plan Inc.. bonds •/Net +391,773, 251,424 ,. » /■;■; been on exchanges. 7,949,417 ;: '/ '• - ...... ■» • '1940 $729,449; Exchange or other national securities 'exchange) does hot; exceed-$100,000 principal amount, arrangements must be made with i a bank, trust company -or member of one of such exchanges to sur-1 fender the bonds or the notes tendered, in case of acceptance of the: fender. Banks, trus't companies : artd insi'iranco companies ;may make arrangements for delivery of the bonds or the notes tendered by them" through/another bank, trust company or member of One ;of such 6,386,470 _ 1941 411,507 Stock Inventories ' 6,518,232 1.700,187 • 710,347.885 , V ' "' " NOV. 1, '42/'. Nov, 1, '41 ;>/• Assets— '/■> •/'$;.% N//' Land, buildings, machinery and equipment100*742,811:103,131.50T Cash 24,801,835 .16,845,093 Notes and accounts receivable_._._j.,__/w_i1/_7 60,099,527 51,178.749 Inter-company accounts- receivable^7.>__---_:--_-_-:,vA. 570,324=:.' ; 546,383 6,665,102 19,141.163 $1:034.737 333.040 •, income./-r The.'tender the 0*1,501,087 Consolidated Deferred 2,708.946 670,891 ' \ 1,086,102 * through bonds and Investments, 46,360 7 1942 r $1,952,611 •. ceased tender " Goodwill made for 500,040 ios$ on foreign exchange transactions of $392,965 ,and unrealized.loss -arising, froni fluctuatibns'bf "foreign exchange "rates of $693,529. §Oh translation of foreign accounts into U. S. currency. ; 41,714,143 6,750,000'. Southern RR,—Earnings— __y Investment bank, "See note 44,028,262 ——„ the 31 the preferred stock ' 8,010,237 transactions -265,894 2,125.946 2187. has df either, 171/791 in 8,651,925 it Dealers, ;,y,f; of 49,036,631 12,043,072 The company on Dec. 29 ^announced that tenders pursuant .invitation <which -was mentioned in last, week's "Chronicle':r 4Net4 realized , , 21,830,109 / 2,817- ' 16,066,618 -; * 717,251 ; 12,822,382 current; year net income of Winslow Bros. & Smith C0.7tp. the extent that such income has been received as dividends -in this-or.'prior years. ; 2,391,840 , income__„. has Hearing that be * .; 700,000 45,405,109 23,555,000 18.798.072-' 4,000,000 railway/-./p. for Dec. fl,048*526- • 15,381,353 243,068 *22,176 i 42,153,806" 1,417,251 .railway-*.17,927,843 oper. 156, of taxes. paid 4:070,932;; 56,973.579 '\ Aviation Capital, Inc.—Hearing Set—N/'-'C *11,773:856 876*256 from rv. —V. 77', 4,947,179 .5.291,390 684,540 160,723 f Divs. 102 378.688' *69 951.878 5,488,183 • facil. Great Baltimore equity 53,278,470 etc... :'"7/7' ;/7^ vlMos—1941 'Sf 6,391.840 railWay_^7_; from /Net 4,491,245; vr•//'/,•/-/ " 14,505,037- ' 24,386,920 670,050 Income Ordinary taxes 9.327*544 Depreciation /;._//—//; / 6,936.050 Loss on forego exch. expenses, 7 7 : 2033. p. ry. oper. Net Federal' for income ! Z'■/'/• -/■. •////*/ 7 1942—Montiwl941' /; 1942—11 income From Jan. 1— ' Gross from disct. net - . 7 36.985,778 1,672,558 •" Net Income its jt. from .railway Net 11,086,494; ,7 . sale• of amort, Minor, manner. 53 Wks. End. Year End oper. 156. Net, ? '402,579 22,714,362" 7subsidiaries their and -7" 5,419,091 November— r empl. expenses much a & Prov. % etc.——,1,200,795,646 834,874,650 659,334,661 645,254,353 and gen. 7- •; > -.,/ -.7; adv., % 1,401,969 , debt company .had; bor¬ that & ry. Gross ,from 7 44,036,779, , . .77. ■ •' "•■7 / 71 7. •• 7"-:> ;?7: : 6,463/713 fund/. on Int. portion Co. of Del., Subs.i 52 Wks. End. 1.300.009,016 926,236,109 _ sales, 7.7 : 'deferred income Statement Surplus Tnc.; , Oct. 31, "42 • , Sales Selling, the expected operations in -the and 52 Wks. End. , Period- of the unused when livestock Domestic and Foreign ' %' Cost on $4>7k "77-:1 '•//-77 2303, p. 11.810,931 expenses equip. -V. deductions. Transfer'd ; "V" a Nov. 30—'7 revenues^ 7 Alabama 471,341,491. - 62,077,601 . , 5,055,034 > ;• 30,570,003 7 consequence 20 annum and expanded Income ■' 7-; " - .(net) Loss which ///."; the- year of be used Consolidated 7. to pension Government's guaranty to the banks of these "V" loans. pupose of making credit available to certain industries their essentiality in the war program and the difficulties' financing (Armour & per credit the credit will larger part of peak. fee on as with of • extent-of a total "-of $50,000,000. The rate actually borrowed Is.234% per annum arret the credit. total $10,000,000 known agreement amount commitment a the rowed popularly is credit borrowings to interest .7-7~.-;-" taxesm".- ; 'income Other loan but what was* banks, which banks in turn were guaranteed by the Government to the extent of 90% of the. loans to the company mad- under this agreement. This agreement runs for a period of three years and assures the company of'Credit on what 156, Operating income __7 Net amt, paid for rent ••'•"'7'':':7^'7:'":%>;7/7;,,;7 / -'7'.%%; 43.084.040 5,248,952- •• - ," Contrib. , revolving a 1941.—V. .- of would arranged ago include Federal, income 7 166,479,512; ■ 783,445,990 . Cr§311,414 -46.046.076 exps. succeeding , 1942, $802,000 7"'"^ Net- oper. revenuesj>_ Amt. required for taxes - v.— 348,838,757- , & .foreign Total Arranged—Knowing that proper discharge of ifc$ require new capital beyond the amount company could obtain from the usual sources, the Illinois, company, some months really $ , V /• / _ livestock great . several for probably Credit responsibility gen. p non-oper. real years*/ 7; estate Frgn. earns, not counting on company to provide hundreds of mil¬ ;. readily realiz...; products for the armed forces •and for lend-lease* promises pounds //v-' / the current Government lions . " . increase during 52 Weeks 170,384,904 76,309,571 * Cr5119,862 Othei income amounted again. 36,323,0957 74,213,934 ' November, with ■ Crl9,297 Oct.'28,'39 v 845.523.591 .515,378,209= ■''v."7: /7%7/ > " •;' 88,208,887 income $50,696,000 at the close of the year, Right how"Company "is" enter¬ a new season" of accumulation" and its loans-can be expected go ap • % Profit ing into to Operating Operating ; -• sufficient to meet to $88,170,000 though this amount year-end-liquidation of inventories and Was doWn the i,877,586% ; month: of tax", compared1 Atlantic Coast Line RR. Co.—Earnings— 7 • . 227,495,498 7 7 -j for deprec.. (other than Fed, . . borrowings 53 Weeks Nov.' 2/40 ? 921,138,8217: 675,138.687 exchenge " * •'.Selling, adv., ing need for additional working capital, and it "will solidated in | PeriodEnd. 7 ^ i;'". profit from Foreign receivables and nearly not were Net 7v/transactions due lo higher price company's, g-rdw-. be noted from the* balance sheet that .company had to go to the banks during 'the year' and increase its borrowings. At the season of peak inventory-con¬ in invested Drill,313 Z/r2,600,884 9,690,599 income 180,020.327' 141,635,033 68,370,143 25.646,740 2,274,358 " Dr321,002 s accruals "for tax income tax - /7'>"\: ,7 sales brought about an increase ofaccount. This amount was re-"., surplus credits 203.585,8717 14.338,503 6,030,186 /-Railway-- tax accruals for the 11 /months ended Nov. 30, 1942, include $49,558,684 F/deral income tax compared with $10,495,000 Federal "Delaware77 Subsidiaries),, - > cost 1.207,310,7.90 1,072,264,748 transport, 7:.- year," the 1942—11 Mos.- -1941 325,204,388 ' _-_7___7 .1,296,019,677 1,148,634,319 7 & admin, for- S'a'rita*";- -Ry;)' f;-•'•'.v 19,379.134 17,754,040 ry, oper.;income. 'Railway ■; :33^795,827 accruals_ . •'//"■'/''/• earnings 52 Weeks Nov. 1/41-■ ,,1,626,653 exps. incl. oper, dividends in out tax 234,354 Federal tax in 1941. Inter- revs. Total . likelihood that* on profits as margin in its business, there is little or no law 'will have "any material effect %V;-Net 7.-.;7 Co,' of & '$ ' of contracts for the purpose of eliminating ; is the company's opinion-that due to the small renegotiation 237,121, 1,913434; 69,465,05h because 'of * exchange; currency Foreign to .'.Cost of sales and v permits & Santa Fe 1942—Month—1941 revenues7J._' experises7-77 debits -Or Net the past year with "certain govern¬ the purview- of- a new law which contracts entered into in departments come within Many mental 232,780 - Other payments, ..... , Fe Ryvt—Panhandle * clisct.-, & oper. a return of slightly over one cent; slightly under one-sixth_ of a cent per distributed and sold. : and sales ahd Oct." 31,'42 plant sales and $14,802,607, reflecting of S. 'Armour of returns & al!ow;_l,294,393,024 - to of after earnings, dollar each pound net 120,000 trade and oper. revs «• with the result -. that year*, U. 52 Weeks Period 1 • consolidated 160,000 7-777 ''7 1 >7 Income various of our reasonably profitable basis throughout the a in .»(Including-Domestic imposed, were on a reasonably profitable basis, and "earn¬ products other than l'resh meats continued on were ings on readily restrictions. ' ■' price before year, Santa Ft U.V.—Earnings of System . pass.the billion, dollar mark, and then only slightly.!; total revenue-—tonnage arid price ;lqvel. Ton-/ nage in 1942 increased about 10% from the previous year, while prices averaged about 30% higher -than ~ in 1941. Thus it "is-obvious that the more important factor in increasing total revenue was the rise in price levels. Their general tendency was upward from the begin¬ ning of the year' until the Government imposed price ceilings. ■ during oper: ^Railway 4,000,000 -7.^:_ll77^777:.%.7777._i.^777777.i77'■ 366;516,712■ 347,399,'405 revenue Profits—'-Earnings oper - * Ry. 63, D7 4D 0 0 > 4,000,000 '2,165,16Q "78,834,654 df "three 724,922 RyV; 62,896,000 * properties principally "cooperatives';-for• a' total -base* : 15'6„ p., 23037 -v '77-7 7";" > '■ ' ■■' i "tV ' At9hisoii, Topeka 7 -i•<"' y'i 21,920 , the sell (includes "Atchison, Topeka & Saiita Fe Ry.^—Gulf,7 Colorado & 10,213,371 • employees_• for earnings, not factors determine Two % . 8,043,099 A 7 ^Packing house products, -at- marhet; valtjestless *alidwamces"tor;"selling expenses; "other products and supplies at cost- or market/ whichever is. lower. tAfter depreciation reserverof $65,208,716. dn 1942 and* "$61,853,321 in 1941; ^Represented by 632,996 no. par shares.'-, ^Foreign previous year and by far the largest single year by the company. Only on one other occasion—in 1919) n—-did total 12,060,518 ! ' * several;purchasers, Period End. Nov; 30- Surplus' ••>•>> the year from to $1,300,009,016, amoun/ted the than in the following: affords Volume—Consolidated revenue for Record A from 1942 for report • to 'purchase price of $1,100,000.—V, -:y ,(tU.)—-Financial,Xeport—./''' Armour & Co. The >**.. 13,816,888 debt Total , taxes../.——/// ■ contingencies i/iZD/Z Y. State Workmen's ;comp. ins,7 Minority stockholders' equity in sub. cos._7.'_li •§ Deferred - Income.. >—/■__/:///:Uf//-/—(v 3,651,'4 08 3.782,906 4,353.093 4,695,510 income—. p. from Reserve railway ry, oper, income ■ gen. /_///•' -.10,097.466 1 Reserve for N. railway—a from Net Federal 14,059,501 , ______ inc. "taxes & Fed. taxes.—... sbld .tb - stock Collection -Prom Jan. 1— • ./—J/.——.; - 'commission» Exchange 144,440 '< . (Del. co.| -called -for redemption 1, 1942— /___ 'Jan. :• $394,177 '--■> 146,754 security for 3,371,500 20,328,998 46,383,8ol 50,549,-789 and subsidiaries located in Ohio and:- then - dissolve.' tlie com-'*" The companies concerned are Western Reserve Power' & Light-/; Co., General Utilities Co., and New London Power Co. They are to be operating panics.- " * 20,328,800 i interest, wages, Reserve 3,371.500 • —/./—J payable 53,119,500 53,299,600 53,299,600 - payable social Preferred 1939 railway.—— from from -52,535,900 . 7% 47,052,000 46,947,000 56,234,000 56,222,000 60,466,000 60,839,000 71,268,000 78,296,000 — Dec. 12 bee. 1942 'Securities preferred stock, Delaware company.conv. prior stock, Illinois company. 16% 1938 1939 1940 1941 Monday; January 4, 1943 for principal amount, plus premiums reducing to par after Dec. sinking fund purposes at the 1, commencing at 1948; also similarly principal amount plus premiums commencing at 1% and thereafter reducing to par after Dec 1, 1948; in every case with accrued interest to redemption date' Reimbursement for Massachusetts and New Hampshire income taxes and for Pennsylvania and Connecticut personal property taxes. ; i , . » . " Number Volume 157 ♦ THE COMMERCIAL & FINANCIAL 4139 Total: 1,827,982 transit line *_ rapid 1,587.495 40,-445 ,-A 3,761 ■ accruals—T.is rentals . Dividends '. .u.—" 99,497 Miscellaneous, items . Issue.,-Net. proceeds (excluding accrued interest Ato-be company from the sale of:,the" bonds is estimated, at The purpose of the .issue is to retire and discharge the. ■Operating Net Net/profit .'•8655,910. *Loss.-~tV. ($225,000) and Series 0 ^mortgage bonds .($714,000(/ ' .The Series, C mortgage bonds arev held by certain stockholders, members of their respective families and West Disinfecting Co., an affiliate, and approximately $050,000 of •the met' proceeds derived -from the sale- of the bonds, together with '$290,000 of debenture • notes, Will- be "used for ,'such retirement ;'and discharge. The balance of the net proceeds will be added .to the -2-r—!--156, p. 2033. L V'.;" I /;■7> 1 Boston , f." 7 A/A . AA-V ; ; .Comparative Income Statement (Inch - 1942—Month—1941 revenues Operating 9 Mos/End. ' 1942—11 , Mos—1941V $4,766,899 $70,983,832 $53,912,703 3,681,894' 45,175,213 36,410,234 expenses,7j^;, .;4;208,785 $6,641,999 ^ , facU: Jt. Net 1 rents (Dr)rC_-' income '$9,024,403 1,290,073 1,151.033 - 7,510 163,645 Mr J, Chappie, before the emergency, was the company. ■ ; - 95,829 • * 'A $564,017 $14,568,125 $10,1751442 .J .7 7'' "• 466,154 386,380 4,541,486 4,281,377 deducts. •.( rentals, interest, Subs.) '" -etc.r income- 7i A JA 'Net 7V, expenses .,g • 'V " . . ' 156, p ithe $1,152,520 _ $296,508 Total :Othcr 83,612 ' 36,180 and -depletion,: fmi'sd. deducts; Inc.; and profit taxes.- Deprcc ant..; and • : ' 118,000 7^777 Net income - $32,197 >>v 6,930 . 62,965 '• 37,204 Pursuant / 16, RR. ' par March payable value, 15 to holders of record share 'was made on : consolidated P.( » B. Lovett in the U. S. Callaway, trustee, hak and after Dec. 29 011 the bonds of Central of 011 mortgage mortgage bonds of Chattanooga, Rome' U first mortgage bonds of Central of Georgia, On-'the due coupons 1934? Aug,- 1, and Feb, 1. 1935, will Co., Savannah. 0/ the first cash 15, '•arrdahs has authorized an issue of Sff /payable J in 'thfe t form iof-'Z additional, bonds income it tax, semi¬ York. - the first mort¬ / paid. Payment was stopped when Central Hanover Bank: intervened in the District Court at Savannah and ob¬ payment of the consolidated mortgage bonds Central Hanover attorneys claimed it was unfair to holders of Tthe collateral trust bonds. No objection would be made to payments recently ordered by the court if some pro;vision was made for collateral trust bondholders, it is tained In asking for a stay on stay. a iirst mortgage and, subject not is bond; 1933, mortage bonds has been tem¬ porarily stopped. Payment on the first mortgage bonds of Chattanooga, Rome & Southern, however, will be to the also for 1942,: to paym-eirt-s-are ttax-able 4n; cash The understood. is which they are received. The arrangement provides postponement ' to;Nov,-194$, "/of. '/infet'est due. froin May. l, May 1,1945.—V. 156, p. 2304. " in year 1, gage and consolidated Ltd.—Payment— of $180 per. $1;000 payment due May coupons Interest Payment Stayed—Payment on /understood.—V. 156, 2096. p. j, 64,976 . 68,466 838,025 $777,231 207,241 17,364 revenues 26,679 Operation Purchased power- 52,559 43,786 Maintenance directed Edward V. Otis, "President,'rand Curtis Franklin, SecretarySept. 30, 11)42 (Provision for deprecia.C Treasurer,' to return "$148,901 received as salary from the company receivable—trade, $54,439; Stgte and munic. taxes 'and its'- affiliates from' 1934 through" 1939, and ordered them, with Inventories, $311,867; other -assets, $11,059; fixed assets met-t, $1,849,Soc. Sec. taxes Federal Arthur Bailly-Blanchard and G. Hunt Weber; directors, to account :2I6; patent rights (less i reserve for amortization);' $2,228; deferred : and -Sta-te for alleged losses to the company from "improvident investments." ; ■charges, $67,087; total, $2,353,831. '• J77:l''1 ^ ^Federal taxes other V:l In the opinion Written by Associate Justice Irwin Uritermyer,; the than income ^Liabilities—Accounts payable, $39,818; funded debt -^current maturiAppellate Division said the investments were made after careful Investi¬ tPederal income tax..^_ ities, 837,500; Federal income tax—1941, $15,564; Federal capital stock gation and on the, advice of competent .firms, and that fit-cannot tax due, $4,431; accrued accounts, $37,873; provision for 1942 and "be said that the action-'of "these defendants taken upon' such advice •additional prior- years' income and excess profits taxes, $168,000; ;.,Net operating income was negligent ..and fenders them liable for the losses incurred."— ; -funded debt, $90f;500; net worth: Capital stock (par $12.50), $1,125,Non-operating income-& V. 152, p. 2845, ; f, • , 000; surplus, $24,144; total, $2,353,831.—V. 156, p. 2304. / ,7 Gross income ■Bond interest A/AA— %-g Brooklyn Borough, Gas Co.—Bonds Called—, / L " / Other interest—net Belgian Natioijal Railways—Delisted— v;1- There have been called for redemption as of Feb. i,; 1943 a total of Accel, of amortiza. of > $10,000 * Of ./first -mortage 4 'k The American shares representing participating preferred stock was bonds, due 1965, at 102 and interest: ■f; D.D. •& E.-Af,An¬ stricken from listing and registration on the New York Stock Exchange Payment will be made at the principal office of the City Bank Farmers other deductions at the.close of the trading session on Jan. 2, 1943. ' ' Trust-Co.,'trustee, New York,'N. Y.—V. 155, p:"154. " • 11 ■/ Net income _A^.A_Application to strike -the above issue from listing and registration Preferred ciiyr•; require— c has been granted by the Securities and Exchange Commission.—Vi *156, Brooklyn Union Gas Co.—New Director— » 80,353 Assets—Cash on deposit, $57,935; accounts , ;: 71,221 $8,710,192 1,934,357 164,433 546,127 765,47™? 796,6.65) $9,419,429 2,355,807 133,834 479,170 / 7 973,606 $803,743 215,148 Operating 7./ , 1942 --12 Mos.—1941 1942—Month—1-941 Period End. Nov. 30— v! Balance Sheet, Earnings— Central Maine Power Co. , - Consolidated Payments—' A, 1S40, will be paid at Central Hanover Bank & Trust Co.. New ' L i Judge Merrel Ga., and Nov. 1, 1933, at Bankers Trust Co., New York. On the first mortgage bonds of Chattanooga Rome te' Southern RR.;the 12 semi-annual coupons due July 1, 1934, to Jan. 1, the 75 -cents per share on of ' first the - by signed and , holders of record Dec. 29. »PajMarch 30, Jitne 29 and Dee, 3>,. Trust Co., New. York. On the consolidated mortgage Central of Georgia-the interest, payments Will be the two annual However, the payment of interest on the debenture notes certain restrictions contained in the indenture. . ; 1 I: ^ vi" British Type Investors, Inc.—Stockholders Lose— ; Underwriting—No firm commitment to purchase the bonds has been made. The underwriters have severally agreed to purchase an aggre¬ The; Appellate Division of the New "York Supreme Court reversed gate of $700,000 of first closed mortgage 5'< sinking fund bonds as unanimously Dec. 23 a'Supreme Court judgment ..granted against; four follows: officers and directors of this "company, and dismissed" the suit, which Coffin & .Burr, IhcL'L ''— .^7—'i—— » $550,000 had been brought :by minority stockholders; Whiting; Weeks & Stubbs, Inc...: ' • 150,000 The. judgment,, granted: by Justice John F. Carcw last March, had y on payments be made bonds 011 semi-annual two of Is subject to fi to paid at-office ef-Liberty National Bank &'Trust •be 7gen^ .eral mortgage bond was made under the recently approved plan of ! .settlement of interest arrears. A further cash payment of $172.20 per $1,000 bond -became payable on Jan. 2, 1943, making total cash payments-untler the phru of $352.22 per $1,000"bond. " ' Li The Jrrahgement.'alsq calls for issue of ;$400 of additional bonds for each $1,000 bond held,, the combined cash and. bond payments to the amount' of 7S.22/9 covering' interest' to May i, 1942. The portion of Dee. of As notes, to be issued concurrently . with ,i the bonds. In the $289,000. The debenture notes of the company are dated 1942, are due Dec. 1, I960, and bear interest at rate of 5'4 annum. .per interest and Southern ■'the 1, , 6 693. p. Savannah. at mortgage Georgia Ltd.—75-Cent Dividend— Packers, British Columbia Pulp & Paper Co., / of -1, were as follows: April $2.—V. 156, p. 954. 155, order an that (first +$24,902 .debenture ■Dec. ,1941 An ■ initial distribution .of $1,50 per 1942; none since,—V. 156, p. 1322. 27. March allowances, Notes—The company Debenture Columbia stock,"no common V Feb. selling agent's commissions. -{Deficit. The annual interest requirements on amount during 30. $1, and Dec. 31, to Court directed V; ■t' ' since.—V. none District paid on was directors have-declared a dividend The freight allowances "-and '. .7:, .:'.7.;!7:7'7A .•'^11 the $700,000 bonds to be out¬ standing initially, will be $35,000. The aggregate total cost; to (he company of the present financing is estimated to be $55,000 for the entire period that the bonds are outstanding. In the calendar "year 1943, the charges for Interest and .amortization of bond discount and -expense will be higher by approximately $3,800 than would have been the case if the present-financing were not undertaken. '% and last.'Payments Sept. ;30, June 30, $2pSept. British _J__ $114,423 $157,894 $78,-267 . discounts,:' returns * Less per' share $2.50 payable Jan. Dividend— cents per share on dividend of 3''2 a Guaranty $566,393 ' 8,737 154,012 2,105 J deducts.:- income $253,640 4,715 . 65,418 62,784 XJ-, 29,809 182,966 39,275 7;969 $318,164 and $1; 3,734 of > . eight adjoining counties.—,- and 'Central of Georgia Ry.—-Interest v Dec. 31 on account of accumulations op the class A common'.stock to. holders of record Pec: .19. •• This, compares. with $1.50 each paid on-March 31, June, 30 $78,463 21,656 ' .' . A-.-': income ', $248,896 ^.VT'.- 7744 $558,424 • Class A Dividend— Corp.—$2.50 dividend A - other .;%/;■ income,,- AA AaL7 ■Other "income 7^7'7 Countv Allegheny of one cent each were made 1940; $5,894,035 $177,637 $10,026,639 stock, common ments . 2033: Brandon $1,184,712 : $1,031,803 935,816 953,345 - before .Profit 792,284 1939 ? 1940 1941 $1,966,990 1,403,566 $1,088,792 A_A -AaAA.' sales Gross Total 1942 A Period— , in Carson Hill Gold Mining Corp.—3^2-Cent v V'1 Total Income;674 Total .1. .' >• . .. /V. 156, p. 1949. —Calendar Years— " Defense Civilian .;3■.:.The directors have declared " Manager of Sales Promotion . ^ .Mr, jLeffler, ;in. addition to his company affiliation,, is Chairman of 3,004,460 65,692 23,803 - A _J 2,962,536 173,116 $468,188 $13,278,047 - oper.4 income. / $1,455,029. ry. Other 7 262,404 of > 5,407,914 . A- 255,408 .Equip, .rents. $17,502,469 >$1;085.005 $25,808,619 346,903 9,394,920 698,974 Taxes >' 'V.•". ' * Sept. 30, ; • corporation on Dec. 30 announced the appointment of Bennett Chappie Jr. as Assistant Manager of Sales' of the New York district,,-, this U, S. Steel subsidiary, , Mr. Chappie, formerly assistant to the Vice-President, Operation,:, in charge of emergency defense coordination, is succeeded by Ross L'Leffler, who, in addition to his duties as special representative, will coordinate emergency defense measures in the company and cooperate with public authorities and defense agencies. . /-AA1'-AA'AAVi profit excess ... '• . and income • Carnegie-Illinois Steel Corp.—Appointments— ■»'. '."'A "■ To Be j'/ A/'" A'.'7AA. \ -'-AA7:'/ A' A-Al Out- : (,} -/AA;/. *;-'-V'.'. 'A Authorized standing -First closed-mtge.AA' sinking fund bonds, 1949 $700,000 $700,000 *5A debenture notes due ;DoCg i960-_—\ ' 289,000 ' 289,000: Capital stock (par $12.50,1— 7___— T/ 1,125,000 1,125,000 ^Debenture notes mature Dec.11, I960.- ' The payments of,principal and interest are restricted under certain conditions by the terms of the indenture .under which the bonds are issued. A'A-'f. ,< include not The '7%A.A'':'!--:A RR.—Earnings— Operating A: '.A- /A. . Maine & Period End Nov. 30— A"' Net operating revalue' '$2,433,214 Capitaii/.ation '1 ' $2,586,70) $2,512-,333 do sales office of forking capital of the company. ' 164,200 $233,154 $4,599,451 2,012,742 S. ■presently outstanding Series A mortgage bonds :' 138,280 $223,520 expenses earnings Note—Operating expenses 156, p. 2304. • *$94,449 $315,952, A T-, '-/'v '''•.'.'.-f'- 1942—11 Mos.—1941 $4,137,254 1,62.4,901 $397,354 $364,800 , taxes.—V. of Purpose received :by.the L Corp., Ltd.—Earnings— 1942—Month—1941 earnings 8,781 8,849 <—J Gross 324,165 99,497 324,165 .bonds—— on ' 236,033 ■ 236,132 ■ Interest PefiOd'End/NoV. 30—' 141.726 3,761 receipts operating /expenses-::-A.'. State and municipal tax .Rent for leased roads--,. Total and 1941 $2,307,011 ■ •Federal, Subway •' 1942 $2,865,785 Month of November— • Northern Tower Canada Boston Elevated Ry. Co.—Earnings- ; "Company—"Manufactures' and. distributes ' Nine Point paperboard, is a paper material 9/lOOOths inch thick used to fgrm the 'inner corrugated part of corrugated paperboard employed. in the making of containers for packing and shipping merchandise. . *phg '.pulp and paper manufacturing plant of the company is located at Big Island, VaM where it also owns a -steam electric plant, water'; rights and hydraulic works on the James River._ 1 « A/,-;'A A wholly owned 'subsidiary^ Bedford Timber & Land Corp., ovv.ns, and leases timber lands from which "the company derives a part of its • supply of pulpwood. .. ' •' ' " ' ' ; which 7' CHRONICLE . 4,670 4,059 58,887 52,88.3 014,760 17,686 171,372 214,195 t — • 79,041 862,769 702,903 $306,920 . 56,568 $278,997 $3,545,959 $3,533,157 2,506 2,340 68,643 40.28B $309,426 $281,337 .112,901 110,122 $3,614,602 1,355,250 $3,573,439 1,324,55$ OS,447 23,696 O'26,207> , - 5,231 ■ • director of Arma Corp. of Y., has been elected to.the board of directors.—-V. 156, Nelson; Robert Brooklyn, N. - ahd' a tax from Net Net -$1,392,647 857.037 1,083,999 613,931 137,-247 ; ' inccme_:._ • ■ Net —V. 20,431,858 8,558.154 income3,461.128 - 156, 17701^79 72^75/387, 9,378,924 7,347,282 7.080,876 .' Name of Hecker Prodr Corp.—See latter company below. .Co.—25-Cent Dividend— Binks Mfgv The' on company - - income 3388.' v'//t;;';■■;,1 151,' p. of $1,000,000 'Patrick •;• . 'end of December, as .a 1.1%— output system Edison of Institute Electric Boston the Edison week for "the Co., ended reported to Dec. ■ 26, 1942, the 1941, 27, compared increase -• For p. with 2188., 32,334,000 . kwh. of 4G, the increase decrease week of . ... the Week ended for Dec. 20, • ended 2.4'■> over Dec. 12, the .:■,., tax f. ; 1942, • 208,501 208,501 - Central States Electric $111;295 $124,025 11,071 *24,965 *37,466 *68.117 Net ; 7'-• from;rattwayA—1i- 1.919,400 1,844.638 209,938 railwayAiA" 7 *334,'455 / oper.' ihcome__2 *1,105,543 from-; ry; Deficit.—V. *3,261 - 156. p. *459,834 1.288.741 *112,790 *610,141 1/432,573 *74.864 ' *659,031 ' Court. Vermont—Earnings— corresponding was week .. 33,249,000 kwh., an last year.—'V. 156, ' / ' ' v' 1942 from/railwaj'w—A$121,962 from : Net Net iy.' income.'..^ 1— 7 oper. . "from; railway...from" railway.::.-'.. Gross 1941 : ( *43,290 *76,592 - The-trustees' report as .of Nov. 30 showed a total .assets were placed at $3,838,063. .7 1939 1940 Stores This-Trust, $112,125 *29,034 *73,420 *56,034 6,517 26,045 . 1,314,088 7 1,255,781 1,069,853 *103,832 *431,562 —V. Dec". .21—'* ~ earnings"...Ai....A 156, p. 2304. share Investors on Dec, 24 (Boston, Trust Mass.)—Pays 'liquidating 1942,—V. 155, p. a liquidating dividend of 41 cents shares of interest of record Dec. 23. per April 10, paid holders of beneficial to initial 934,941 *124.764 *438,333 Week-Ended "that the debtor corporation apparent," the'trustees reported, ,is insolvent, in that the aggregate value of its property is not as at jiair valuation sufficient in. amount to pay, its debts, and the accept¬ ance of any plan of■ reorganization by ihp stockholders should not be -required."—-V. ■ 156, Jp. 2035. ; • $85,675 *38,480 *232,232 ■Traffie ' : total debt of $19,107,564, Liquidating Dividend— • dividend of $13 per share was 1596. paid on An , 7 7A Chesapeake Western *231.699 *518,201 *- The ICC on .3 942 """- *1941 -$5,812,000 - 21 Ry.—Purchase— -approved the purchase by the company of tho Valley company's line Of is railroad 7. Dec. of the Valley Rail Road Co. The in Virginia.—V. 136, p. 3529. property Canadian Pacific Ry.—Earnings-r' U./G. .. Net , ; 839.410 ryJ.opef. incomel.-: *598,653 .*Deficit-loss.—-,15G< p, -2034. Net by Judge Robert N. Pollard of the . while •A nit- is , railwayA—- From Jan. ; . 2034. Canadian Pacific Lines in •7/November— !. ;■■'•'.■.■ A.;',.;.. Tphe. hearing, was ordered District 1939 ,60,444 Corp.—Hearing Set For Feb. 5 Feb- 5 at Richmond, V.a., on a petitimx by trustees of the corporation asking that the company be adjudicated insolvent and its franchise and charter under Virginia laws be elimA hearing will be ..conducted .A Earnings— 1940 $204,688 'railway.AAA *313,652. .oper.: income AT; T371.586 ry. Gross 1941, an , output all. Arrearages .. - 1941 1942 ,8126,900 from Net' as a ; From Jun, 1— was compared with 30,947,000 kwh. for the week ended of 1.1'/ Net system output of this company as reported to the Edison Electric •Institute for the week ended Dec. 19, 1942. was 33:633,000 kwh., as kWh. 30,595,000 Dec. income November— Gross from 'railway.-.--. • as Co.—Accumulated Dividends— recently declared the following :7A on Chain Boston Edison -Co.—Output Off Net income... Federal for 156,* p.. 2034. ./ Gross ; elected Vice-Presi¬ and Mr. Mason 90,653 $522,151 corporate interest Vice-President after 46 years 1942, been 1323 Like'amounts were paid on March 31, June 30 and Sept. 30, in each quarter during 1941. as at Oct. 2, 1942, amounted to $59.03% on the 7% preferred A stock/ par $100; $15/08428 on the 7*> preferred A stock,, par $25( $51.87 Va on the 6% preferred B stock, par $100, and $12.86% Leach on- the fl'); preferred B and C stocks, par $25.—V. 156, p. 2304; $485,710 * of the company at the of service.—V. 156, vp. 1949, ' p. dividends on account of payable Dec. 29 to holders of record Dec. 15: preferred A stock,,par $100; 10.937 cents on 7 preferred A stock, par. $25;; 37% cents on 6 A preferred B stock, pay $100, and 9% cents on 6% preferred B and 6'l preferred C stocks,1 directors '43%;, cents ,, '499,905 .Net . 156, par $25. last, and 7,922 - $1,112,709 Net and ref. retired Fox D. 9,274 198,276 Borden Co.—Official Resigns- / $1,104,788 Mason, have Robert and • ..nated.::'.v:-7': t 1.943'.—V.. 156, p. 2188. 1, 1,766,103 > $1,204,308 from .1,'838,000 Canadian National Lines in New/England redemption/as of Feb. called "for first $2,870,891 $3,0^2,308 A^._ 529,596 —V. •j Feb. 7,":'7:A::/7;7AAAi942--7-V"A-"/V'i94i7^77 $1,213,582 //l ■'// £ 1. next. a. total mortgage.-4-Vggold bonds, due'1968, at 701-.and, interest. Payments will be made at the 'Central "Hanover Bank & Trust Co., trustee. .70 Broadway,-New York, >N. Y. • -• V"'1 Upon surrender of any of the called bonds on or after Dec. 30, 1942, •the 'company has authorized (the trustee to pay 101 and interest to been have There Pigott Pigott has been head of the sales division accumulations,; 1 Called— Birmingham Electric .Co.—Bonds of 7 77:; i Net;. 'income. Dividends •'Oh preferred ;stock.A. . ;the common'Stock, ^par $1, to holders of record Dec. 28. A distribu¬ of 60 cents per share was/made on Dec. 20, 1941;-none since.— ■ Co.— Earnings— A—': - Provision tion V. Service M. Mr. huying department.—V, the Central States Electric dcMiuctions_A-A^__Ai--_-. Gross Total 31 paid a dividend of 25 cents per share on Dec. with Cumberland County Power 1942.—V. 156, p. 2096. 7 11 merger Central Republic Co.—New Vice-Presidents— ~ operation.:l^Lf_2A:A-AAAAJA-~fA:-A;-^L earnings Net ■ ' ' • the of James dents. 4.895,771 (The) Best Foods, Inc.-r-New 1 - Operating;1- revenues ...... A Operating .expenses; and .generah Taxes.-;; 6.074.637 156, p. 2003. nets 1942. V Of dividend of $1,8302 per share, which 1, 1942, with interest thereon at 5'>-. a 2034. p. California Water Other : $1,347,181 Light Company on Dec. 3, The > 918,-213 - 10,134,332 railwaj' oper. ly. 19,21/7,451 railway from Net; from V. 12 Mos. Ended. Nov. 30— From Jan. 1— -Gross 839.183 ' .paid on Dec,/29 1.123,893 872.693 nuhya.y„'__— oper. ry. 1939 $1,815,878 1941 $112,265 Nov. 30, 7 ■ , , represented the dividend due Feb. : 1940 $1,666,003 1942 :: •, $ 1,876,428 financing expenses and . '/■ The company & Lake Erie RR. —Earnings— Bessemer ■ Novc- in be r—- i Cross from railway $112,265 months ended ;-'-r The directors thereon; v or have declared a dividend of $1.8156 per share On the 7% cumulative preferred stock, par $100, payable Feb. 1 to /holders of record Jan. 16. This payment represents the sum of accumulated and unpaid dividends "due May 1, 1942, - together with interest accrued' 181,186 $2,059,5717 $1,347,182 ; Income Tax accrual for 1942 does not reflect adjust¬ deductions-for the amortization of defense or war facilities for ments (A. M.) Byers Co.—Accrued Dividend— 158,517 ' $2,077,139 adjustment of $32,085 for over-accrual of capital stock- an eleven for 15.497 $159,165 fThe Federal / declared a dividend of $1 per share on the common stock, par '$100, payable -Dec. 31 to holders of record Dec. 3E This compares with $1.75 each on June 30 and Sept. 30, last, and $2 per. share in -each quarter from March, ,1936, to and including March, 1942,: All of this company's stock is owned by the American Tele.phone & Telegraph Co.—V. 156, p. 2188. directors recently Tne , Vice-President Bell Telephone Oo. of Pa.—$1 Dividend— ; ^Includes • 600. p. 34,326 14,470 $176,824 Chicago, Attica & Southern RR.—Sale Approved- . $4,766,000 • • • ' George sale of M. Barnard, general counsel for road to Adolph Fneclenberg. the the road, has announced the President of Machine Tool U THE COMMERCIAL & FINANCIAL CHRONICLE 8 cessful Co., New York, for $300,000. The road, in receivership is about 140 miles long. Slick of Northern Indiana. Federal District Court Equipment . several years, approved the sale, Mr, Barnard said. • The new purchasers, Mr, Barnard says, are taking over the railroad at once and will continue indefinitely to operate freight service.— nation pany 1466. p. of one ■'Gross from 'Net ry. ,995,800 $8,765,707 3,101,868 in. $8,699,422 ,222,572 2,690,414 ,145,673 4,126,178 Gross from 'Net ry. —V. compared 106, 947,216 88,485,006 88,065,908 increased 32, 660,811 23,312,372 22,558,133 "The 17, 673,328 32,550,439 V: 10,531,478 11,172,348 of 23,414,438 C. S. & Consolidated Edison Co. of New York, Inc.—Output— The The revenue and com¬ 1941 1941, 2.8% .—V, increase an 70%. of Consumers Power carried during .1942, 23%* v Express that system Gross , Operating pound miles % .revenue • has increased organization Plan— . during Prov. 1942.'%— for General ./ - 1,678,114 1,634,500 1,204,030 deprec. taxes Federal of Milo '';/•//•/■;%%// *$iock reorganization H. Brinkley, found are have to value .and no /participation in the plan. New 1943. " capitalization ■/, The provision no effective and charges date of " .'.jr is Holders bonds 7 Issue— ''v' ' ' obligations, now fixed charges.—. mortgage 4 Vv% Sinking fund fund Second ments $162,547 586,040 1,033.833 $4,504,990 $52,181,746 210,000 4%% bonds.....— fund. 7,856,949 Feb. :.u. 7,412,966 —... $1,034,852 $30,079,094 4,975,610 , bonds mortgage and Indianapolis & 22.62% 156, 10.89% class in B of its % Corporation for its claim claim first in in class A mortgage would receive bonds, 4.77% such holders new would 1st Mtge. 4,185,703 $13,913,373 Series A 4s $532.00 #?jrst and gen. 5s— /Hirst and gen. 6s.— 47.12 Using the above bondholders, $500.00 the to the Ghase addition, ,In and would trust ,A would piaced be 50% formed shares having of the * B . the stock certificates trust trustees.—V. atock would given for 156, p. 2035. be of new Net Int. •The class B to previously ;iwime furnishings January sale November— from railway—^ Gross "... Net 1942 holders of ry. from from Net, Net ry. --4V. a 1941 and %• ., ;: 1940 1939 $9,424,231 2,576,239 3,540,371 1,563,234 1,609,382 • 1,559,840 104,047,099 of ————' 33,647,406 24.170.563 weekly this 26,119,029 11,962,587 6,839,684 2035. p. from 1941 $8,921,415 1940 1939 $7,701,786 $7,655,279 1,416,922 1,559,093 railway..... railway 907,145 1,026,949 from From income. __ 125.957,757 100.445,382 Gross from from ry. —V. railway Jan! Net 17,547,532 14,072,202 8,525,100 5,437,691 an V. "The /■ of / . 1941 ' 1148. p. ^ . directors cents per share on payable /;/ • % 168,275,000 170,216,000 electric the $1 tribution 15 business * • participating holders of five cents of record share per 2455. p. year-end in 4.5 first Dec. was ; ■://' also A made v-/'.'/• of on Consolidated Aircraft income— 5,716,795 ' 1940 1939 $6,642,745 $6,469,882 1,372,401 1,521,449 1,302,738 585,011 760,925 563,802 3,743,431 railway—— 123,233,593 88.366,731 73,789,233 72.214,570 railway——— 47,507,571 25,577,270 16.407,300 14,192,920 income— 33,696,284 16,232,393 6,900,642 4,861,820 p. , New A 2216. ■«s> lavorabie utvekvuumc, military, during , the and .nis past company's activities for time this corporation, Stout's Mr. Laboratories, 156, entire T. M. • taken engaged 15. over, known the as according to constitute the most per both 1942—11 Mos.—1941 work A At 1942—12 Mos.—1941 $39,028,422 $46,930,882 $42,686,959 20.751,583 24,291,236 22,665,017 3,937,272 4,616,282 4,297,946 6,557,652 8,801,594 7,226,936 $8,211,954 income $7,781,915 $9,221,770 ' $8,497,061 659.867 431,016 692,399 $8,871,822 $8,212,932 $9,914,169 2,220.918 2,270,393 2,423,258 & amort, — of 64,827 1,168,843 92,227 484,103 . §8,981,164 pr bonds deductions — $5,498,397 -V. 156, p. prices is by the receiver. and The class be .entitled. quoted lor of the new purchase of com- mortgage the new the the with balance A shares This com¬ mort¬ amount will be (voting amount the trust should cents per share has been declared 11 holders of to be debentures. Conveyancers Realty /'./ . • ' : . to debentures and the amount offered will President 37% that as Co.~V. • ■ • 149, ■. . record Dec. 31. the on ,/•. ' common Similar distribu¬ the heretofore, 14,808 on and viz: CRO.—V. 156, 2221. p. • Sugar Co.—Tenders— preferred Nov. three time in 18, shaves response of this the to have company call it was announced. shares when until open of tenders not less than accept Dec. 7% for tenders total The preferred called were 15,000 shares 18.—V. 156. shares been of pre¬ tendered stock. for of p. Packing Co.—Annual Net : sales pany's and history 73.1'% and 1861. . $3.71 $5,877,713. ,, $4.03 $6,322,068 $4.32 $6,424,509 -t « .■ $4.41 for revenues and the 19.9'% were ended Nov, was the stated company preferred stock, the it offer 2036. Report—E. A. 1919. 1. year greater The the were than increases highest Cudahy, the over next 1940 in the highest and 1941 com¬ year wers 40.7%, respectively. Higher price levels were mainly re¬ sponsible for the. increased sales, though added consumption by the civilian population, the armed forces and shipments to our allies under the lend-lease program were also considerable factors. Cost of sales and operating expenses have Increased progressive!" sales during materials the nine-tenths previous .1941 These net of livestock by 1941 value. 47'% Individual and purchased reached increases in and an processed all-time high costs of services recorded during the year, but in the aggregate including salaries and wages, increased generally to the higher volume of business. earnings In and exceeded and were expenses, proportion Net Cost revenues. year volume operating in and the both in of Other the parti-mortgage receipts and debentures they stockholders Cudahy and Int. of by remaining 2,464,427 1,152,506 — income of Engineering 3,945,596 income of shares the with Gross mailing and parti-mortgage being accepted by the company and comprise 14,805 shares of 5',2% are announcement.— 22,523,956 — — Other of securities market Boston the compare American totgl tendered full $42,855,840 revenues expenses Operating the receipts paid :: remain Cuban which Depreciation Taxes and holder last.—*.. 8,174,333 oper. in the the , . . be for which announced will tion dis¬ Consolidated Gas, Electric Light & Power Co. of Balti¬ Operating each President, states in part: both suc- is ferred Stout the publish to preparation name of this company has been changed C. W. Liquidating Co. Accordingly, beginning Dec. 29. 1942, transactions in the common stock, without par value, were recorded on the New York Curb Ex¬ change under the new nam? of the company; but the ticker abbrevia¬ 0 2221. p. parti-mort¬ the information ^ incident done, the the to five Research to to which Crocker-Wheeler Electric Mfg. Co.—Name Changed— It Girdler, Chairman, has announced. organization, has, been been made payable Jan. would has will to dividend preferred . year : , railroad facilities, being parti-mortgage they Stout, who was responsible for the first all-metal com¬ mercial airplane and who has done outstanding development work in improving the design and performance of planes, automobiles, trailers, housing into receipt, be pre¬ 15. were made on Jan, 10, April 10. July 10 and Oct. 10. last year. During 1941 the following disbursements were made: Jan. 10, April 10 and July 10, 30 cents each, and Oct. 10, 35 cents.—V. 156, p. 1149. ' B. and after Jan. soon impracticable work can 5/10 Share Creamery Package Mfg. Co.—37 V2-Cent Dividend— 'r trains notices 7/10 Share 297.88 mortgage, certificates are for delivery as soon as groups informed of the cash offered 2228. P. ;.'i Adds be of of . Corp. it would mechancial George Alpert ;. Division—' number 7/10 Sharp 393.00 ready probably parti-mortgage the are cash • of extra Jan. be 4/10 Share 381.92 %!• Shares 5/10 Share 229.58 / 8.43 the as will done; large each compared with ;. cents 10 year-end be V. T. CI. A " tions 1' preferred- stock, 31. the be paid securities can Convey. $253.02 15.46 15.44 • / %,/•/-,; Scrip for Realty Co. • basis. same Deb. of ' 8.59 185.99 166.31 being now •/'■'' 200.23 / ,. the on . ./ 124.67 new certificatesi subsidiaries dividend computed Cash Now $6,41 890.00 as mortgage St., Boston, Mass. face value of $1,000. Payable Before selling, holders of amount '■' '■ extra Certificate / V'./' Exchange ' certificates-should gage conditions of Interest fall, to Offers ■; • %•%';. State / necessary pany. 9.1 v - 10 original $137.30 is certificates, ■' 7.0 • %. ;• regular semiannual dividend value par to a 20, 1467. to which he is entitled. • ' > Pending receipt of such notices any interested parti-mortgage receipt holder may obtain this information relative to his parti-mortgage receipt by communicating in writing with the receiver. .' • • 10.6 • of energy general ; declared 28 share and the Jan. 155, Dec. on 156, p. •pany Community Frosted Food Co.—Extra Distribution— The and each on /'!'••,'• Co. Mortgage Principal work receipts will %• Increase • to $755.91 of soon the ; Total 1941 $7,634,168 $13,052,629 -Chicago & Southern Air Lines, Inc.—Record Year— ^.n official statement says, in part; ' ' " civilian companies, ended Dec.,19 Table 1,000.00 The recipts As and Exchange Commission on. Dec. 24 approved pay¬ $504,943 for expenses in the reorganization of the company.— 156, 1936.—V. cents; Oct. on Mortgage Co.—Sucr 737.13 cash relating % & $1,000 Par — Because Securities of ment on , The $220,038 more—Earnings— 1— oper. 156, show paid during 75 each, company upon presentation of their Unpaid Bal. *. _ mechanical 80,380,457 16,055,076 23,168,698 84,710,456 27,305,131 38.778,277 1942 railway oper. Net to made 1930, cents Mills, Inc., stock Mortgage Alpert, receiver, mortgage certificates of other face values should be 920.00 sented. stock, V. 2304. p. November— ry. of output adjusted Period End. Nov. 30— ■Net $5,961 of & George Bl—1945 214,077 Community Power & Light Co.—Expenses— 1,810,065 358,327 Chicago Rock Island & Pacific Ry>---Earnings— from group Insurance for CI—1940^--- served for the week ended Dec. 24, 1942, amounted to 230,as compared with 183,501,801 for the week ended Dec. 25, increase of 47,082,870, or 25.66%/—V, * 156, p. 2305. — oper. •Net % 151,906 ' year: 182,191,000 kilowatt-hour corporation 584,671, 1941, 19,097,036 30,925,868 r from Gross 210,075 $194,248 Edison ———186,151.000 - territory to are Mortgage $216,036 V, 1942 • 4. with Conveyancers Realty Co., has been organized under by the court to take over the assets of the Conveyancers Title Insurance & Mortgage Co. mortgage certificates are entitled to the following cash Certificates 97,989,282 57,151,375 income—. From Jan. 1 156, * Jan. approved of Al—1938 Commonwealth & Southern Corp—Weekly Output The V. 1942 Gross from railway-.—. $12,129,130 Net from railway.— 4,071,251 Net ry, oper. income 2,428,612 ry. $230,155 5—m—u-m——180.573,000 165,469,000 • Nov. 28— 168,542,000 161,255,000 —y. i56, p. 2304. .,L •' :V other 2.695,143 , —V. 130,706 935 Dec. represented. Chicago & North Western Ry.—Earnings— Net last 20, 50 also was Aug. 20, on also were Jan. 1931, Allied record compared of . t $9,734,284 November— Net with of paid was Present 666,936 ■ 2,697,899 railway— .162,962,527 127.113,731 V, Co.—Weekly Output— . 12 Dec. The are plan 704,469 11,298 Corp. Commonwealth comparisons 19—— William Gross the stock share a 20, div. of as 1929, to and including company, Figures for 589,949 of 194L % % the kilowatt-hour output totals of the past four .weeks are. percentage Dec. ■ merchandise, new sale Figures 2,677,253 176,029 to other electric utilities, for the week increase over the corresponding period Week Ended— the to 'railway.—— oper. 156, Edison 1% cents; Company—Distribution certificates 1235. p. last, Parti-Mortgage Receipt Holders— Holders 35.907 Commercial Mackay holders < and securities of the new ' —Kilowatt-Hour Output— common surrendered $11,369,041 • A the $4,569,212 . $346,154 10.6% trustees 6,737,253 railwayoper. income--, and ; 1941 606,808 — custody The from Jan. 1— Gross of of Conveyancers Title 15,000 —' operations*.%//Xl/l%l'L-%%-l!i!-:. debs, cents' per share on the 65 to 20, Conveyancers Title Insurance - % , ; . loss. 156, and whose $16,372,779 from See none /• 493,098 ■'.' inc. on l/25th Company— An 1941; —496,410 tax--— loss Following : included."—V. 156, p. 2035. 20, 1942"' ' - income sales Chicago Milwaukee St. Paul & Pacific RR.—Earnings Net —r._ of one share outstanding the on Dec.-26. : . are 21, Al—1939— from showed /%////,,///'■. .;/•/ rayon yard goods 20%, and flannel 10%. ■ "Practically all the apparel lines of the company traditional 50 period: July 20, 1930, and Jan. 20 1936, 75 cents, A cessor share per Dec. depreciation—- —^ excluding common ' in stock. ^pun the —. for of 25 Oct, July 364,656 expenses.'——-income was 2221. Conveyancers Realty Co., Boston—Succeeds Insurance 571,361 Subs.)—Earnings— —/„ Federal on and 1,255,672 record on ' repairs S. Electricity output of are considerably reduced compared with the company's fall and winter general catalog. Women's ■finesses show a price reduction of 15%, style shoes ,10%, fur coats 3$%, men's work pants 10%, blankets 16%, curtains 13%, sheets 7.5%, goods, U. dividend a payable Jan. disbursed was 1929, gage other i*«cording to an announcement, which adds: "Prices, all of wljich are below ceiling, TVhite (& $25, par 21, common '$4,132,402 Commonwealth ',877,415 of Stritzinger, formerly Vice-President, has been elected M. Lee Marshall, who remains as Chairman of Mr. Stritzinger, who is also a director, has been acting latter 47.422 / , ; *' - K. amount 1933, and 71.944 Class B largest cut-price sale book sent out by this company in a year half was. in the mails last week to its 5,000,000 customers, a ■ ' Baking Co.—New President— Dec. 737,009 $1.50 of foreign exchange.. loss Net Chicago Mail Order Co—Mails Mid-Winter Sale Book ajiid the ' • ■ • common returned stock ' Corp. miscellaneous taxes on Net have power for three years to transfer the stock to the Louis¬ ville & Nashville and the Southern in exchange for a traffic agreeipent and other considerations. If the exchange is not entered into iv.iithin, three years • , $5,166,083 succeeding stock, like Dl—1946 #ipuld dRpck Mackay and Non-operating Corp. and the collateral of , account on three -trustees class new 355 58,968 Corporation 1,000 A as 54,920 receive 330 k Common, Common $47,792 $711,065 $44,507 Credit ! operation_L__-_—-^—v/_-i/_—_--tv 2,578,9i4 lor Provision Loss Class A Mtge. -Bonds ■attock having a stated value of $20,000. a«puld be Other -V. 125,375 Railroad . $3,710,231 July 389,221;-' of made was 783,339 $523,917 .v.-,-?• holders to share 1491. p. dividend a 30 per Sept. 30— and Provision general mortgage Credit $101,612 1,151,073 the held cpllateral $1,705,000 Bank Nat. Mtge. Bonds declared 2127. p. common •' Dec. $2 3,424,816 783,339 The directors have declared - » 1,501,254 ,- revenues of General 2nd Total .ft. R. Credit Corp. 9 Mos. End. '''V 23.86 Railroad Claim ^Creditor— 154, of 3,424,816 65,278 Corn Products Refining Co.—65-Cent Dividend— ! $135,011 35,595 share.; Qhase National Bank on account of their possession •first and general mortgage bonds, would be as follows: 1st stock/payable distribution Operating 472.00 first to ' - , directors recently Expenses % 505.00 . 22.22 a . 285,389 65,278 p. 1940 - 69,636 '4 ■■ 156, the- board. issue. ;t t / ; 1941 22,515 ——_ ^ 2036. p. Maintenance 22.16 value at $20 156, since.—V. A $538.00- n 20.66 50.73 income— • $140,637 — 285,389 stock 75 cents per share in each quarter from July 20, July 20, 1942. The following extra distributions / 1942 % $155,406 railway.—61,440 Commercial 472.00 • -V ''/■' V $9,374,244 etc. receivership Common 470.00 allocations this on $7,918,387 head of the company since .early last year, when Mr. Marshall called to Washington to assist in the war effort.—V.. 156, distribution a accruals railway i 1,669,613 railway———C—_ 722,016 oper. income....—253,105 ry. —V. , tClass B 440.00 basis for distribution all up last, 24, from The $1,000 Common - 440.00 par Dec. from initial second *Class A Vis 500.00 no clearing railway,--——_— oper. capital new securities: 468.00 tShares of On in class B each for 468.00 —— °Par $25., 4 A ^Refunding 6s ^Refunding 5s_..i___. 'Refunding 4s_^.^—— % & L. 4s— 30 regular quarterly'.dividend of $1.75 stock, par $100, payable 25,, 4,539,129 $874,584 $399,284 •; President, 1148. p. 400,644 $749,953 pref. Raymond J.. i cents; June deductions Continental the Combustion Engineering Co., Inc.—Dividend No. 2— 2nd Mtge. Series per preferred Jan. made, was securities to holders receive principal amount of bonds approximately the following Issue— ry Net /.'••-•■• bonds outstanding the cumulative record From Jan. 1— , about in stock and 76.23% common In accordance with the above distribution-of 4flf 31, 30 3,564,761 6,937,523 Balance -r-V. - stock. common stock. common March 3,312,265 $1,250,616 $12,560,881 376,032 ; 4,642,494 $1,150,595 prefi, stock of expenses, 1950. p. from Gross <5*96 %■ of its claim in first mortgage bonds, 2.61% in second mortgage 'Jipnds, 2.80% in class A common stock and 41.70% in class B com¬ mon stock. The Chase National Bank for its claim would receive mortgage bonds, 5.12% follows: as declared 7% of share from Net bonds would receive about 3.23% of their claims in first mort¬ age bonds, 1.42% in second mortgage bonds, 1.52% in class A •ftpout were on Amort, This makes per have the on per V. Net Louisville fjgage Credit value, to holders of record Dec. 23. share for the year 1942. par Colorado & Wyoming Ry.—Earnings— •.Railway Co. mortgage bonds would receive about 33.9%' of their claims first mortgage bonds, 31.85% in second mbrtgage bonds and 34.25% ,|p class A common stock. Public holders of first and general mort- and Divs. their interest 28 paid an extra dividend of 10 cents quarterly dividend of 15 cents per share on November— $1,197,399 UP stock no cents holders to $28 Net Railroad and 105 Dec, on directors 1 See - The to present and receive other 6,238,119 3,197,036 . profits taxes 'Net income 8,440,326 ^Interest. -.common 70 share per 50,000 Gross refunding 1942, Sept. 30, 25 cents each, and Dec. 27, 20 cents,—V. 156, The *353,563 , — capitalization and charges of the option given 31, p. 2096. 156, usual stock, of 18,934,297 3,258,209 582,662 taxes— income-— Int.' & Clinchfield Coal Corp.—Declares Regular Dividend— 50,000 * stock, class A— stock, class • B.——; -Holders were Dec, on Payments during 1941 and of Total the - $50,148,523 18,815,131 " *371,289 , $16,663,158 Common bonds m. , 8,736,209 Total Common p. 1943.—y. and total a j Fxd, chgs. bonds... — mortgage Sinking called 3 company share common Amount Capital . 1, The 'V' Annual r_; the Cincinnati Union Stockyards Co.—Extra Dividend— .Contingent obligations— First for / 1, $70,000) outstanding. called their Jan. '.Require-'' Equipment of prior to Feb. to follows: as • '*'■■■ Other for made plan recommended are ... . is the been de¬ a and —'_j — income excess Gross redemption as of Feb. l, next, a total of $246,000 of first mortgage 3%% bonds, due 1966, at 105 and interest; Payment will be made at the Irving Trust Co,, trustee, One Wall St., New York, N. Y. .,//• • %-V has been recommended to the ICC by Under the plan recommended capitalizawon will be reduced from $45,344,943 to $30,079,094 and fixed charges •Will be reduced from $1,513,028 to $162,547. The equities of the folders of secured notes and claims and of preferred and common plan A Examiner have elec¬ 1942—12 Mos.—1941 $4,615,401 — expenses amortization three-fold Fed, There of Co.—Earnings1942—Month—1941 .1, Cincinnati Gas & Electric Co.—Bonds Called— ^Chicago, Indianapolis & .Louisville Ry.—Proposed Re¬ output 156, pv2305. Period End. Nov. 30— miles announced year, of crease 2035. p. 30 1942, shows passengers passenger increased Dec. on (electricity generated and purchased! for the week ended Dec. amounting to 159,600,000 kwh., compared with 159,800,000 kwh. for the corresponding week of 1941, a decrease of 0.1%. Local distribution of electricity amounted to 152.400,000 kwh., compared with 156,700,000 kwh.' for the corresponding week of last 27, , personnel 1949. p. of 1942 company tricity 62,125. revenue in flown 102.7%. '. during number year, 28,802,530 miles company 156, Total previous flew with carried passengers the pound 60,048,637 income... oper. 156, of growth trip between Chicago and New Orleans. 12.6%. 69,928; 149,006.077 railway of company "Mail railway—. from 1942, %s From Jan. 1— •Net round comparison "The ■ 1,586,595 1,739,579 The trips between Chicago and New Orleans, Louis, Memphis and Jackson, and one round trip between and Houston, serving St. Louis, Memphis and Shreveport. increase an 7,598,509 income... oper. 1939 $16,464,263. railway.— railway— from •Net "A 1940 1941 airline/ the St, Chicago Chicago Burlington & Quincy RR.- -Earnings* 1942 of operates two round now serving November— history business is credited in part to the normal uptrend part to the heavy demand on all transportation facili¬ ties during the first year of the war. Early in June the line sold part of its equipment to the Government. This necessitated the elimi¬ cargo of traffic and in has 156, and passenger Judge Thomas W. V. the in year Monday, January 4, 1943 were for the year, of a a one.cent earnings year ner were decline cent per and dollar $3,352,282, of 8.21%., and dollar,of sales. one of (Continued and page in $300,035 represent Like four-tenths sales.are on or cents, sharp 40) a ratios less net than profit for 1940 respectively. contrast 10-the weNmi York Stock Exchange Stock and Bond Sales DAILY delivery sales are NOTICE—Cash and deferred we furnish 4 Securities Federal Farm Mortgage Corporation coupon bonds on the New York 32d of a point. (See note below). 31 Jan. 1 2 1952-54 Vis, [Close Low [Close • [High • Low Treasury High Vis, 1947-52 High [High Close [Close Total units sales In $1,000 [High Low [Close 1946-56 v sales Total [ High Low 100.6 100.7 100.6 100.7 10 ■—■'' Low 100.18 [Close 100.18 units... [ High Low [Close , Close units Total sales in $1,000 ... ' High [High Low 1946-49 110.11 [Close 110.13 110.11 110.13 2 Vis, 1954-56 Close 3 2 High [High Low Total sales in $1,000 110.2 Low r> 110.2 2sl March Close Total sales [Close Close Total sales in $1,000 109.2 :::> 1 High Total sales in $1,000 units units V.[High Sept., 1949-1951 \ Low '.// [High Low V -j Low [Close Low ■ ;v units— f High 2s, June, 1949-51 :.'.v[Close 1948-51 ... — 109.2 units 1945-47 Low 2s, Dec. 1948-50 109.2 | 1 in $1,000 units. High (High Low '///■/,■ Total sales in $1,000 1948-50 — 2Vis, 1955-60 Total sales in $1,000 liOW 110.2 (Close ■ units Total sales in $1,000 : 103.26 High 3s, 1951-55 \ 103.26 units. units [High 2 Vis, 103.26 Low 1947 2s, \ - Total sales in $1,000 3 Vis, Low • Total sales in $1,000 units [Close •r.'V-' //.' ■.rHigh Close units Total sales in $1,000 •• 110.13 110.11 [High Low 1946-48 Total sales in $1,000 units units.. \ 2s, [Close • Close Total sales In $1,000 units 'High Total sales in $1,000 units 2 Vis, 1951-54 • Total sales in $1,000 [High Low [Close Dec., 2s, 1949-1951 Close units.— [High Low - [High Low [ClOSe \ 1950-52 2s, \ [Close Total sales in $1,000 units Total sales in $1,000 units ■ [Hign ■ ; 1951-55 23, • Low 1958-63 Close Total sales in $1,000 Low 1953-55 2s, LOW 2% 8, 1960-65 [Close , Close Total sales in $1,000 units Total sales in $1,000 Federal — 1945 • [High Low 3 Vis, [Close units High Farm Mortgage 1944-64 • Total sales in $1,000 f High ' [High > -j 1948 \ Low 1944-49 3s, [Close Low [Close Total sales in $1,000 units units 103 [High Home Owners' Loan [High Itts, 1949-53 Low [Close units: Total sales in $1,000 units Total sales in $1,000 — [High High I Vis, [High Low [Close units Total sales in $1,000 units 2%S, Low ■ Total sales in $1,000 units— 2Vis, 1956-59 2 Vis, Holiday [Close : Holiday Low ■ ...... Vis, 1949-52 3s, Vis, 1952-55 2 Close 3 ... \ 1951-53 2%s, Low — Total sales in $1,000 units Total sales in $1,000 100.16 100,18 units Total sales in $1,000 High 3 Vis, 100.14 2 [High Low j, ' | 2Vis, 1967-72 Close 1944-46— 100.16 100.7 100.4 3 ___ High Total sales in $1,000 L. 4 Total sales in $1,000 units ' 3%s, 1943-45 100.2 \ 1963-1968 2Vis, [Close Total sales in $1,000 units 100.2 « units In $1,00 ___ [High —\ Low 3Vis, 1943-47 100.2 100.2 [Close units Total sales in $1,000 —— 100.2 [Close 2Vis, 1962-67 100.2 i Low units (High 3 Vis, Low 2%s, 1956-58. j Low 43, 1944-54 3 Vis, » Total sales in $1,000 units .v Total sales in $1,000 units Total sales in $1,000 Dec. Dec. 30 Dec. 29 Dec. 28 Dec. 26 Daily Record of U. S, Bond Prices Jan. 1 Dec. 31 Dec. 30 Dec. 29 Dec. 28 Dec. 26 Bond Prices In computing the range for the year. the New York Stock Exchange on transactions in Treasury, Home Owners' Loan and the current week. Figures after decimal point represent one or more ' Treasury YEARLY - only transactions of the day. No account Is taken of such sales daily record of the a Stock Exchange during Dally Record of U. S. WEEKLY - disregarded In the day's range, unless they are the United States Government Below 9 FINANCIAL CHRONICLE THE COMMERCIAL & Number 4139 157 Volume ' 3s, series A, 1944-52 • Low [Close Total sales In $1,000 103 Low [Close 103 1 units ' Total sales in $1,000 units - High \ Low 1%S, 1945-47 LOW IV4s, 1950-52 Close [High [Close Total sales In $1,000 units Total sales in $1,000 units fSale of registered bonds. ''Odd lot sales. There were transaction in registered bonds. no NEW YORK STOCK HIGH SALE PRICES Wednesday Tuesday •/>■; V LOW AND Monday Saturday Dei. 28 Dec. 26 1 per *50% t per 51% 50% 51% / 50 Vi I per *50% 113 *33% 3:5 *40 Vi 41% 40% 40% *40% 40% 40% 40% 7% 7% 7% 73/4 7% 7% '7% 75/8 26% *143,4 41% *61 26% 15 263/4 14% 143/4 39 41% 26 Va 14% 3% 3% % 3*2 4% 4% 4% 45% 4'/8 6 173/4 % 43/a 4% 43/a 4% 4% 11% 12 V'8 *12% 157/a 7% 7 Vi 18% 17V4 *56% 64 *56 64 *56 64 6% —. 7,300 ■ 600 145/a 14% __ -> 47/a 4% 4 3/i 18% 4% 12,000 5 —; 13 : 7V4 7% 143% 73/4 7% __ 1423/4 143% 11 103/4 107/a 1034 103/4 10V4 11 16% 153/4 16% 163/B 16% 16% 16% 61/4 63/a 6% 6% 6% *73 6V'a x6% 6% 6% *3/4 *11% 27% 26% 26% 26% 27 261/2 26 Vi 17% 18% 183/s 183/a 18% 183/a 18% 18% % H Vi ii! % % 3/4 *11% 13% *11% 13% *11% 13% *11% *68 !3{} * . 700 2,300 . — 17,600 100 __ 26% Vi- ... . , — , ■ , 900 i — 9,100 3,600 __ 69 69 . 900 69 69 68 Vi 69% 69 68 .69 23 23 23 23 22% 22% 23 23 23 23 % 1,400 56 ®8 57% 58 581/a 56 57 56% 57% 55% 56 3/4 6,200 For footnotes see page 19 .. • No par No par Corp Address-Mutigr Corp....10 Air Reduction Inc No par Ala & Vicksburg Ry Co 100 Alaska Juneau Gold Min 10 Albany & Susq RR Co— 100 Allegheny Corp No par 5%% pf A with $30 war 100 5% % pf A without war——100 t. $2.50 prior conv preferred-No par No par 100 r— 1 Allied Chemical & Dye—No par Allied Kid Co——. —5 Allied Mills Co Inc———No par Allied Stores Corp.. .i.—No par 5 fc preferred 100 Allis-Chalmers Mfg———No par Alpha Portland Cem_. No par Amalgam Leather Co Inc 1 gtd— 6*conv preferred ' 13 % Adams Express Alghny Lud Stl Corp 1,600 6 3/8 17% 25 Acme Steel Co Adams-Mills Alleg & West Ry 6% Allen Industries Inc ■ ... — 27 27 " ? ' " — 76 *73 76 *73 76 *73 76 ' — 7% 145 145 144 No par 1,200. ■ • 73/a 100 4% preferred 6,600 — „ 16 143V4 3,000 v, . 64 11 142 Vi 1,700 1 ... 18% 18 *56 64 16,700 5% 13 13 19,600 20 16% *17 Vi ; 32 10% 75 Vi •*'• •. 82 16 y8 75 Vi 60 __ 35/3 32 32 5,700 . 65 3% 1,300 - 40 *10% 142% 143 400 —... 73/4 Par Abraham & Straus Amerada Petro Corp Am Agric Chem (Del)— American Airlines Inc Year 1941 On Basis No par Abbott Laboratories 190 110 40%'-' 393/8 81 84 18% *12% 18 % 3% % 12%';/: 45/8 4% 4% 13 *56 . :%_//'•;,///'/ 33% 26 *61 61 *82 % *18'/a 7% 900 9 % *4% 39% 3V/a 3% 87 *81 84 *81 33/b % *12% 40% 25 263A 14% x39 61 65 *61 65 *61 87 *25% 15 33% 33% __ Range for Previous Since January 1 of 100-Share Lots Highest Lowest Range STOCKS NEW YORK STOCK EXCHANGE Shares __ __ • 3Vi 3% , 33% 35 41% '• 41 65 *81 27 *25% 15 4134 *33% 35 *33% 51% 113 *111 > 111% the Week I per share t per share 51% 51% V;-. - Jan. 1 Dec. 31 share 113 *111 113 112 113 113 share 503/4 S per share share •/' ''• ' Sales for /. Friday Thursday Dec. 30 Dec. 29 V RECORD 50 No par No par 10 f per share # per share Lowest I per share Highest $ per share 55Vi Mar 24 113 Dec 31 23 Feb May 14 <51% Dec 46 37 104 Jan 12 34 Dec 54% Sep May 14 43 48 3/4 Jan 13 43% Dec 51 Vi Jan 8 % Nov 9 5% Apr 8% Dec 26 3/4 Dec 30 17V4 Dec 24 Vi Aug 163/a Dec 4 9% Dec 157/a Jan 41 Vi Dec 26 34% Nov 45 July Oct 22 73 Sep 75 Aug Dec 5 Dec 99% 31 9 5% Apr 24 Sep 39 8 18Vi Jun Mar 27 10 29 V2 Apr - '28 6 1% Mar 24 69% July 15 Jan 61 69 Nov 23 4 943/i Feb 10 * 1% 85 Sep Jan Aug % Oct 5 % Dec % 63/a Nov 6 3% Dec 10% Jan 6% NOV 7 3% Dec 9% Aug Jan 27 11% Dec 21% Apr 17% Dec Jan ~4V4 Dec 11% 9 7% Dec May 25 12 % Jan 2 27 31 6 26 253/8 16 May 25 57% Nov 28 22V/4 Jan 117% Apr 24 163/a Nov 18 28 6% Nov • i's Jan 2 3% Apr 17 3% Apr 18 93/a Jun 23 3% Apr 118% Apr 28 10 4 Apr 3 22 Apr 29 14% Apr 17 H Aug 19 14 July 9 11 Dec 43 Mar 27 183/4 Jun 30 25% Apr 7 17 73% Feb 149 81 Jan Jan 30% -Tan 19 Va Nov 1% Jan 187/a Jan 70 Va 24 Oct Nov 58% Dec 12 13 3 12 26 27 22 4 28 135% Dec 10 % Feb 11% Dec Jan Jaii 167% July 13 Aug 14Vi Apr Dec 9 71% May 87 24% 37 Jan 21 % Aug 5 . Dec 14% Mar % Dec Sep - Oct 1% Aug Sep Apr 20 41% Feb 63% July 14% Feb 22% Deo 40 Feb 58% 10 Jan COMMERCIAL & FINANCIAL CHRONICLE THE NEW YORK STOCK LOW Satnrday Monday Dec, 26 S t 8% 8% *46 8 Va 48 47 4% *4% *29 4 ' 30 *127% 3% 72% 8'A 47 S 8% 46% 47 4% 4 V4 4% 28 Va •27 V* 27% 128 *127% 3V2 3% 72 V4 128 - ■>127% 3% 71 70'/a 176 '*175 % 25 % 25 64% 64% 17% 17% % *103 104 % *14 14% 17% • 106 106 106 Ve 101% 101 %• *14 >: 20 • 16 6% ' 6% 14% 14% 100% 15% 2 14 16 1% 6% *5% 24 2 46% 7V8 47 14 y4 1% 7 *5% 24% 47 32 31% 31 % 31% 32 55% 2% 55 V2 2% • 36 55%' 55% V .-55 Va 2 1V'8 4% 1% 35 % > 37 35 % 4% *4% y*38 4 % ; 5 7% *12% ' 12% "v>; 7 VV *37% : 7% ?>• 12% * 7%y. 7 y •20% 19% 20% 19% >*116% 116% >: 116Va 116% *25% , 26 <, 26 26 >: y 26 20 26* >8 >(f % 17% 17% 18% 15% 15%: 15% 16% 6 Va 6 '1 25% n % id % 18 Va 18 Va 18'4 16% 16 16% >> 16% ■" 153 * 5% 6 Va *152 . ■:> 158 "5% >>> 6Va 10 ' 9%'. 10% > ' 53 Vi 8% 54 8% *152 " V8 158 10 " » 54 8% 8% 25 V4 25 Va 25% 37 37 36 37 33% 20 3 4 *11% *11% 19% 203'4 : 11% ll3^ 11% 11% 11% 12 19 19% V... 19 19% 88% 88% 88 88% *21 Va 22% 21% 21% 125% 126 Va 124% 125% 42% 42% 42% 42 V2 43%: 131 Va ' 7% 7% 32% *1153a 116 3% 3% *51% 12 11% 11% 19% 19% 88% *88% *21% 22% *21% 125 Va 127 % 42 Va > 42%*4 43 V4 129: '*115% 130 7 » »: 116 >/a 33 HoVa 115% 3% *54 V2 55% 3Va ■3% 3% 52% 52 Va 52% 3Va 3% 3% .* 3% 3% *41% • 54 3% 44 - 3% 54 531/4 3 % *42 Va - 3% . 44 *42V'8 54 24% 24 241/4 231/2 24% 25 24 25 15 Va 15 15 111% 111 111 11% *10 1% 1% 35% *34 Va *107 108% 2% 3 45 43 Va *32% *7 V 33 4% "v 5% *70 *55 99 > 6 • > " 6 . ' > 24 *40 '/ >■ 45 ' 54% *113'A 45% 44% 67% 67% 27 Va *50% 115 7% 2% *25% 115 3% 10% 17 6% *50% 53% 28 28 3% 10 % 10% 3 % 31/a 3% 5% 5% 5% 5% 514 4% 5 ' *29 ,7% 46% 66 27% 28 : 19 18% 18% 110 6% "2% *2% 3% *2% 3 Va 2% 27% *25% 27% 3 Va > 3% >v 3% '3% 10% 10% 10% 27% , y 10% > 27% 1% 10% 10% 3 3% 3>/4 3% 3% 6 6 6Vt 29% 30 *28 5 Va 5% 5 31 > 30 • 30 > Dec Jar 14 33% Dec 40% July 45% July 148 V4 Nov 27 36% Oct 26 •; Apr 29 3 9% Jan 2 7'/a Jan 21% Nov > 12 > Feb 3 138 12 Mar 29% Mar 14 144 11 16% Jun ' 43 139 2 155 Dec 15% 15 ' 28 Va Dec 120 22 Apr 108 V4 May Jan 8Va Dec 11 >> 6% Dec 13 Va 13 14 13 Feb 6 Va July 22'/a >81 ;V. Jan 11% May 115V4 Dec Aug 14 134% Jan , Jan 4 97% Jan 23 2 Jan 150 V2 .. 21 Oct 21 'A Jan Mar 26 78% Mar 27 Sep 54 Dec > Jan Sep 98 Sep 19% Aug 14 168% Jan 43% Dec 73Va Jan 43% : Dec 74 Va Jan x!43 Dec 3% > 159 > Jan 7 Jan 29 Va Aug Dec 116% Aug 22% 22% 22% 22% 22% 24 Va 110 29% *25 29% *25 *90 94 *90 29% 94 *90 24 *103 93 8% *21% ll'/a 33% 3414 33% 15 Va 14% 15 14 3 a 54% *53% 8% 28 11% 34 14% *26% 93 • 9 *21% 24V4 110 - 23 Jan 99 Va Jan Dec 8% 76% Jan 51 > Feb 2% Dec 14 22% May 20 24 107 20 - 29 May 26 7% May 20 Mar 11 ' Jan 28% Jan 27% Apr par 27 > 13 14 8 46% May 22 Va Feb Jan •>56% July ,30 July 30 Jan 5 24 Dee : 17 Jan 3 11 Va Apr >>17% Sep 112 </a Mar 19 110% Jun 21 12% Oct I 5 No Dec 12% Mar 11 ^.12.50 14 5% Jan 50 Aug 8J.'A Sep >:••; 7 > Dec % Dec 1% July 28 23 Dec 36 26 35% July 115 Va Oct >>12% Jan 2V» 102 pf 7% gtd__100 Illinois of 2 Va 5 '42 Corp Sep 29 1 Sep 10 Sep II >40% Oct 21 21 Jan-2 5 5% Mar 20 par - 1——No ^■-2% Apr 28 ,79. —-^^100 May 26 Jari Feb 33% 111% Mar 12 >108% Mar 112 Va Sep 14 2% Dec 5Va Jan 4 Vb Jan , Sep 67% Feb 4 47% Jan 70'A Jan 21 60 Jan 72 Sep Sep 23- 20% Dec 34% Jan 66 33% Dec 8% Nov 14 4% Oct 17 82 6 Va 3 Dec 9% Dec Sep 6% i Dec 87% July :-3> Jan 91 Va Oct 10% 5 preferred_-t;>>-->tfl00 8 78 Dec > 2d preferred—— 83 v ^ 53 Jun 29 20 Jan 9 81% Jan preferred 17 76 Dec 24 Jan 28% Dec 5% Dec Sep 20 88 Dec Sep 102% Aug 35'/a Jan * 2 82 Aug 27 V2 Jan 2 Oct 3 18 Jan 31% July 100 60 Vs Jun 25 72 V2 Oct 7 53 % Dec 100 -19% Jun 2 34% Oct 9 13% Feb -70'A May 28 Va July 16 Va Jun 24 5 6 100% Dec 53 > 96Va Mar 25 pref series A conv Corp . . $5 .——No *9 •• Nov 72 % Jan 25 May 23 70 Jan 111 May 25 V'/TV Apr 30 1V4 Apr 17 15% Apr 28 116 Jan 17 9 Va Jan > 26 46% Apr 43 , 2% Jun 2 3% Dec 14 38 *53% 22 % 22% ■22% 8 Va 55% 8V4 55 56 % 8% 8% 31 Dec Va Jan 56% 561/4 56% •6 900 Jan 10% Dec Dec Dec 4 Apr 15 6% Jan 22> Jan Conv 5% preferred i.„—100 Barber Asphalt Corp—.———10 Barker Brothers——-—No par • • 5 % %• preferred-!-—————i_50 Oil Co _i5 — Works Corp Inc_ 1 14% Jan 2 3Va 31 18% 23 7 Apr 25 6Vi Nov 12 5 Va 24% Aug 20 33% Dec 8 12% Dec 18 4 % Apr 8% Jan 2 • 12%. Jun 3 18 Va Jan X23'/4 Nov 30 15 26 Oct 165 Oct 30 Feb 24 64 110% Jan 10 9Va Dec 30 Creek RR— Best Best Aircraft 7 % Corp Indus —1 — Loan——No- par pfd $2.50 div & Co —5 • series '38_No par — —No par Foods Steel preferred 23 Va Jun Apr 8 24 6% May 14 13 May 20 9% May 20 —— —100 Dec Dec 10% July4* Dec 24% Mar 20 35 Dec Sep 31% Mar Dec 27% July Dec 106 Oct 28% Feb 32 Apr Jun 126 Jan : 108 6% Dec 10% Jan 17 ___ — 2 3 Sep 9% July 102% 3 17% Nov 30 8% July Oct ' 28 % May 21 39% Jan 9% May 6 32% ' 4lVa Apr 15% Nov 12 10% Dec 20% 46% Mar 18 54 Sep 24 50 Aug 57 17% Apr 24% Jan 19 27 8 Vb Dec 30 (Del)— _—No par ' July 12% Feb 17% 9 Apr -34 . 13% 9 Mar 20 Jan 5% July 8% July ,12% Sep 7% 27 15% Apr 20 / Dec . 27% ; 6 103 w— 19 / Dec v 36 ——25 w Dec 26 Dec .;13% Dec 2, 6 '/a Mar 25 No par —_50 —No -par Creamery Bethlehem 1 Oct 5'A Va t c 49% May 25 Oct >25% 2 Pr 4,600 3% May 3% Bayuk Cigars 24,200 13 Oct 9% July >> 2% Apr 17 4 28 Beatrice 4,200 55% 121 > 2> >v 1% May 27 Bath' Iron 54% > Feb 4Va Jan Beneficial JWrVa Apr 6 T" Sep 7% July May 111 ' 7V2 Jan 2,400 14% 61 5 3 Bendix, Aviation 54 Va > 23 6,500 *53% 107 5 22 4% Jun Bell 23 111 51 Va Jan Dec 2% Jun 7,700 22% *109% Feb 7 51 9% Jun 29 v Ohio—— — 22% May Feb 111 Va 6% 47% 109% Feb 20 21 6V4 Sep -100 •Barnsdall 9 '/4 34% Dec Packing Co_ ^_20 Belding-Hemingway-——_No par Belgian Nat Rys part pref 12 Va 34 Nov 28 Va Jan —13 & - 28 11% 56 Jun 4 % - Beech-Nut *21% Jan 19% 34 preferred— 100 Bangor & Aroostook——_—i-50 Baltimore • - 16 Va 28 99% July 20 par —100 Rrjor A__—No. par Baldwin Loco Works Oct 3 23 % Jan 5 preferred———'——50 Powder— 45% 45% Jan 33 ■ —100 .: — 13% Feb Mar 16 14% Apr 30 1 —100 i Refining,— 94 110 7'A Dec 3 Va 6% Jan *90 34 V4 Dec 64% 6 77% Jan Beech 9Va 2% 3 5% Jan 4Vj Apr 28 28% 33 Va 110 29 No par Midl'd— (Del) Co $5 preferred *5314 108 % 11 3 Va Apr 38% Jun y,Aviation Corp of ;Del (The)—; 110 23 Va 108% 51% Dec 13 Nov 70% Feb 61 Va Mar 24 *26% 28 29 > 4 1 93 12 Va 14 *241% *103 1 54% 54% Corp Corp— 28% U% 3 Va Dec par 25 5% 'conv preferred 900 24 *103 *25 Aug 14 ^=.^100 Atlas 1,000 251/4 22% 39 par Atlas Tack Corp———, No par Austin Nichols ——j——No par 7,000 12 1% Apr 15 par 1st :■ 5% 13,400 ! ,—1 Atl G & W I SS Lines 210 121/4 13% page 19 29 _100 Constable Atlantic 550 VB see 14 May 25 5% preferred. — 100 Atch Topeka & Santa. Fe—----100 2,000 13% • No preferred Atlantic Coast Line RR ' ' No - 5% 4,800 121/4 footnotes Oct 35 Va Jan 14 &"■'Elec>,>.No preferred— 7 % 16,800 5% 13% For 10% Assoc Investment Co_.—No jiar » 15,500 3 Va 6 12 Va 109 Dec > 100 Associated Dry Goods-— > 35,800 5% 5 & Arnold 30 3% . 3% 13% 551/4 6 ,—-25 Woolen-- Daniels Artloom 600 12% 1081/4 Jan 16 par &6 conv prior preferred——No par 7% preferred——-.i i—lOO Armstrong Cork Co No par 150 13% 55% Jan 14Va Dec > > 100 12 108% Jan 73% 7 136 Va Jun .—100 Wks Armour & Co 1,000 7% *25% • Archer 53 13 55% Aug > 15% Dec 100 Mining—. Paper Co Inc -Armour 114 *7% 12% 108% 165 Va Dec Dec 4% _No par Copper W P *52% 7% • 13% 23 Feb 9 50 Jan- 13 ' 1,600 23 Jan 30 —100 Anchor Hock Glass *112% 114 > 7Va 1214 23 7 V4 > 6% Feb 12 ...No par Amer Zinc Lead & Smelt 6% 1314 *53 Vb 155 Jan 12 Va May 14 1st preferred— 4% 12% *14% 3 165 > Jan OV2 Nov Foundries Inc——10 Water $6 Atlas 53% *112 Va • American 6,200 5% 11% Dec 3V4 Sep -300 5 30 '/> 3% 112 6% 4% UVa 9 2 Am 2,300 *25 6V4 Nov 116 V2 Jan 50% 4% 11% Jan 6 110 5i/4 3414 39 % Dec 6% 514 30 Dec 23 50% 12% 3414 17'/a 21 500 36 *11% Jan 9 28 11,800 . 13% *25 46% Jan Jan 7% Nov 1,300 19 *107% 6% 51 53 Va 18 45 ■ 12% 8% % Dec 20% Dec •' 18 > *44 35 8% 23 V4 5 9 4% Mar 11 29 Corp„ Dec Apr 26 Va Aug 17 v ——100 preferred J Sep 23 121 33 Va Dec 4,600 , 4% 9 6 Va Apr 59 Va Oct „ No Jan 3 : }St Jan 9 V2 May 25 35 Va May 14 >.i $5 div preferred—*—: 30 13% *8% Feb 143% Jan 1,8*00 ■ 13 24% . Mar 111 6 19,700 34% 105 26% Jan Va M*T14 . 2>/4 )5% 2 17 400 > 4% 24% 21% May 21 l; : 4 4 Feb 119 27 100 45% 45 *50% • ; 30 101%, 65% 28 *107% > 65 *23 4-6 > 18% 113 V4 *7% *57 *100 12% *103 7% Nov 23% Mar May 15 29 .-Anaconda Copper Mining——50 Anaconda W & Cable No par 200 33% 25 Jan Apr 8,300 s 72%. 4% 106 13¥4 . 50 " 6 Va 12% 25 Dec • 3% Apr t6% Amer Type —' 331/2 *103 8Va : 27 1,500 I 65% 17%" 51 - f 4% 23 21 27 700 4 Vs 99 12 5 a 22%. 12% Dec 24 Preferred 100 321/a 23 30 50% Jan 4,200 12% *22% Jun 20 par No > $5 prior conv preferred 3,200 | 33% 31 Jan 95 Va 49% Jan - 400 12% *29 17 Va Dec 29 300 i 32% 31 Dec 20 - 23,200 12% 51/2 Dec 77 V, Apr Ship Building Co Smelting & Andes 34 *514 38 24 A 13 34 *12% >13% Jan >•' 71/4 34% Apr 700 > .,7% Va *70% 30 *44 110 113% 55 27 Va 53% 10% 3Va Dec 6 4 18.50 Common class B 400 45 Va' 6 101% -44% >6% 53% 3% 5% » 6% Sep 6 25 Sumatra Tobacco— 300 ; 30% *85 70% x65V2 18% 4 > 6 Va ■55' 44 Va >107 % •i *7 Va > 7%; >> 2% 2% 28 3 Va 16% 18% 6% 115 Jan 33 Va Apr < 1,980 45% 45 % 6% 4% *28 45% 44% 51% 30%. : Oct 4Vi 20 3% Apr - 2 Va Dec ' Nov 16 par Co——No 51V* Aug 30 Va V 20 10'/4 Jan* 22 Foundries—, Jan 91 4OV4 N0V 15 preferred Jan 4Va 5 12 Va Apr Co— 38 Va > 33'/a Aug 9 6 preferred Safety Razor— Sep Jun 26 V4 Jan- No 24% 2'/a Jan -21 23 4. Sep Jan Dec 9 15Vo^pr __ Jan 3% Dec 101V4 Apr ;: 1,600 :> 3VS 30% 99 *100- 27% *107% > 6% Aug Feb 31 7 26- 1 ■ Dec 5% Nov 14 113 Va Feb :• Light— -.—.No 'par » 5% preferred » 90 35%. 3 6% u '70% 69 28 Va /, 4 6 55 " a 54% *7% 6% 28 17% ; *85 100 6% par Sugar Refining • 36,000 103'/a *40 :» 70 Va 55 19 : Sep Jan 28% •Oec1 42 Vb May 29 ' 15 Va. '35% 45 Va V "5% •28 51% 6% *50% par -American' Viscose 700 1 % 45% 99 ";: 100 110 Jan 9 '/a Apr —100 Preferred - 100 Nov Aug > May 17 V4 Jan 100 10% . 42% 27% 110 No Ltd—.——No Co Stove r 6,300 25 % rl08Va 32 30 44 > Feb ; par >5,800; • 1% 3V'a 42% 100 17% 2 6 % Jun - 65 par Metals^-, & 2% Apr 23 Dec 56 37 29 Amer Telep & Teleg Co—-—100 ;f American - Tobacco-— —25 19,100 111% 2% 31% *28 18% 2 27 6 35 '/a Mar par : 500 f . 4% 10% 33% 70Va 73 43% •' 24% 1% 43 Va 5% •>. ■ > • 6Vs 3 "V 54 25 10 . 35% *85 18% 10 preferred—--W——N6 par $5 Am 5.200 r 110% 107% 100 19 *107% 10 *1% 35% 44 5 437 18% No No American 6,700 43 15 Va, 107% 67% *17% > 15 8 Vs 45% *42% V 3% 24% 110% : 351/4 68 28 V4 *110 •11/2 28% .j *67 15 > V - 1*6%. > j:i3% y/v4'> V '551/2 17 Va Jan 5 -4% Oct Fdy Co. American ioo • 3% 43 24% 10-7% 32 99 55V4 30 100% 45% :>4> *70 59 ; 7 : 4. & American Stores ■ 13,500 3% 25 *34Vb 44% 43% *85 75 *28 *100 , >: 4% *85 > 111 preferred Am^r Steel - > "12,900 54 53% > 2% . 33% 6% of - par ——100 Mach 6% - >4,600 3% 3% 43 *1071/4 > 45V'2 32% 4 43 Va! rr 53% 53% 3% 10Va '*1%' 3%, *40 7% --_No Locomotive-—- t Prefer red 800 42 V4 ; > .3% 3% 24 15 111 *10 - 351% 45 *40 i 111 : 109 3 45 > *14% 1% : - '107 ;> > 10% 1% *34% .'lilji-' >» ^ 129 130 >..'., 7 Va .....7Va, ; ' y 32% •33.%>:: > *U5j/4 >116 Vi 3% *42 Va 24 V8 24 Va *10 r' > "3% > 44 24'A *111 .>■' . 22% 42% 52%- 53 - 24% y, *14% <•> Jar, • • 3% 3% 13 -1 % Jan 25v Mar American Snuff - >2,200 , 127% 41% "k ■ 7% ■, 32 19% 91 127 42% 7 Va 33 19% Jan Jan : IVa ' 41V4 130% 7 32% X36% Apr par Am > 600 Oct 3 36 Va Oct '16 52% Apr 28' 12,600 1 ; 35 w 24 conv'preferred^;———-50 American 30 tYf'&k: .. Xl7 May 26 142Va Jun 22 1,400 -■r->w^' . 2 Vo 32 % Sep Rad & Stand San y— No par Preferred v——_ ——100 ! 8,600 11% 12 jun ■ "• ——100 Preferred -$6 > 350 '•>>," 121 Feb l50 No Co -Amer 20% 11% Invest >5,800 -•> ■ 115 Dec —No Corp.: -Amer :' ><•23% Apr 6 Va Products—1 1,490 ■ ... 12. 88 V4 . >, y> .35% 19% > 11% 1 3% >' 20 »<11%; 147 Dec Dec preferred ; •>44 I6V2 90 Va 1% Ice_L__— -American- Seating ... 3 107 .■-American Rolling Mill..——25 4 Vb % conv preferred.———100 •3,470 . 144 88 % 42 :•>• 145 .. j. Jan May 26 34% July 79 Va July 9% Aug >1,700 y>> 37% 144 19'% % 42 : ; •".! Feb 8% preferred— Mach > 1,300 26 V2 • Apr Power_Z—_ Amer Power & • 17,400 .... Jan 23 56 19'/a American News Co—No • 45,400 y4> ■> .v? 13% '.; >34% 35% 148 19% » 41 » 145 Va 34% 22% 52% / •>'• 52V4 145% 125% 116 3% 54 37 124% 7% *115% 37 Va 11% ' 130 33% 36% *21% 44% 7 Vs 26 . 131 32% 33 26% .: 43 Va 42% 129% . 88 ■ 25% *144 ■'J i J.' V. conv Metals > : 15,500 , 9% 13% 19% > ,13% '. 09 13% 148 >>19% 12 9 13% 35% *144 . 19% 131 670 10,800 10V4 54 V4 14% 145% 34% 148 > -">.»■ ; 185 2 13 Apr 6% y&'&if-! 10 36% 144% 34 *144 16%: Aug Jan 11% Amer ' 17,400 •vSi.,- 18% 53% 53% 8% : Oct 3 73% Jan preferred—'—'__—_>No Amer 110 ■I 130% s'95% Jan Dec "Amer 1,700 ;,v. 6Va 26% ,. 36 Va 144 % 144% 33%' 144 20% . <2,100 if'-}***-' Dec par 1 % American 1,400 ,>: >':44 *152;.. 158 1 10 Va! ,53% 8% 14 ■ •, ;• 13% 143 33% . 10 53 > •■'•, V 13% <!•'■■ 25% 261'4 14 Va 145% •>•'>'4 J; 157 Va Oct 33 Apr Mar No >* 5% 200 11,300 j. 600 • %.:>.; & ■. 6 " 144 >"> ■ ,»' >■-• 26% 18 ul 6% *152 10%" 54 VA *13% > 7% 20 Va ' 117% " 10 3a 53% *8% 7% 17 Va ... " > 158 ' 12% *116 Va 15 Va ■ " 6 >;>' • 20 26 : ;■>'/. y i >...44 . For'n American . 1 iY 17% *152 »> 7 Va 117 Va. & 'Amer Internat ■Vfv 200 7%. 3 176- 20 May 20 55'/a May 21 1 Encaustic' 6%non-cum 4,800 ' 82 ; 1214 20% :. iU'jJ 39% >: *81 12% >*116% 26% 39 >>:■ 7% •7% "6% 20 % 116% 5% . Dec ' 200 " 81 12% 7 Vs >'■ 6% 20% *116 V8 4% . 39 7% 12%. 4% .'..: 041/a v V ; 55 J/4 Jun 95% American 4 "V 18 Allegh Co N J •*American" Home >1,000 !>i > . 28 "American Hawaiian SS Co "American Hide & Leather il,800 1% 37 10 3% Dec 74% Dec Distilling 6% 55% 37 5 81 ":•.' <4,100 »:!1% 5 Va '5 " 80% 12% of $7 2d preferred A—— $6 36 55% 2 37 ■>>■■•■ 39 * 7% r80% 55% *35% 4Va 39% 7% Co •>< $7 preferred^— il.400 2% *33 % xl22Va 130% Feb 13 Dee; Jan 39 American Export Lines 2,900 32% 2% 36 *1% 4% " 5 83% 83 12% .*7 39 7V4 83% *4% 32% 2% % 55% 1%' ' 33 v• 4% y 5 *38 7% *80 4% *4% 39 1% *36 32% 2% *33 Dec 8V4 Amer European Secs_ 12,600 .". 26 Va 33 Aug; 47 Va , 6 % '■: 1st Amer >4,800 8Va 41% 32% >•' 55% • ' *1% *35 > 2% 500 .3,800 : 15 20 16 American 21,600 48% 8 36 V j 25% Dec Jan 9% Dec 3 Va 105. Ame- 52,600 5% 25% 41% 24 Apr 100 >•" '3,700 V/ 20 Mar —JVo Inc Apr Nov 6 Va Oct 49 ' Sep Jan May 19% Dec 34% July 51% Dec 89% 8% Dec 31 66% Jan 121 Jan 2 7 115 Dec i $ per share American Colortype CO— .'American Crystal Sugar— '< fc 40% r *33% Cable v l'/a Apr ;_100 & Highest 5 Va ; • 28 par Am Coal ;4,200 1% 48 7% ■ r5 % 25% .1% 48 Vs 7% 7 : 25 l7/» < Chain V4 Oct. 26 56% Apr 29 159 v Mar 12 100 Fdy— 9 $ per share share 120 25 • & Year 1941 'V Lowest Apr JVo 70 •,>> 160 15% 1% Car Range for rrevious Lots 23 —1 — 2 14 3% Mar 11 5% conv preferred——— American Chicle-—— —No > 1,400 > 14% 98 1% 32 2%' 7 14% *95 15 Va 8% *33*/4 6% 14% 96% 1% 4LV* ' :» 15% 41 >.'-: 20 1% 24 Am > 700 Corp__ $ per 38% Apr No par 100 Preferred " 6% 15% 42% 2% *15 Radio & Can-, 1 iOO-Share Highest 5% Jan ;_1 preferred--— conv Of share 50 tPref erredr r 200 ., ■ per 10 Cbrp^_. Shoe & Fdy Cable Basis $ ' Par >• : Bosch American 4,200 '• 100% 1% 42 35% 18% 107 100% 96% 42% 2% 18 >104 16 , 6% 14% 41% *33% 18% 102 100 *5% > 49 % 7% ; 600 107 16 5% % Amer 6,000 65% On . Lowest > ;'■ preferred Brake American 290 25% 15% 2 1%, 175% 1% 7 23% » V.'. ' 49% ' 8% :> 1% 3,900 15% 1% 23% 23 33,400 65 17% " 6% 10 3% 71% 25 % 101 6% 97 , ' 127% 3% 175% ■>104 18 6% : 14% 100 % 15% *1% 17% 6% American Am 70% > American' Bank.Note—.4. 3,300 65 . •:!'••' 3,200 . 25% •>64% ''">•■■ .>" > 210 4%. Range Since January STOCK EXCHANGE 5,000 •v 176% 24% 65 103 100 15% 17% '175 24% 103 7% *99 175 V* 23% *63% *103 20 7 175 . 25 V8 64% 17% 106 *100% 176 24% 63 . NEW YORK Shares 27'A 127% 3% 71 "■•■ " *174% share per for the Week 46% 4% 27 128 3% 71% 3% 72% S 8% 46 Va 4 % Sales Jan. I shore per 8% 27% 4% *127% 3% 72% shore ner Friday Dec. 31 29 «/4 29 128 *46 47 $ 8 % 8Va 8% STOCKS Thursday Dec. 30 $ per share RECORD PRICES Wednesday Dec. 29 share per SALE Toesday . Dec, 28 per share HIGH AND Monday, January 4, 1943 % 131% Jan Ja n Monday Dec. 26 Tuesday Dec. 28 t per I per share < I per Share 16 ya 16 ' 16% 15 y4 15% 6l/8 6'A ey4 5% 6% 12% & 12 yB 13% ■ 13 12% ■ io% *9% n 73 "70 76 15'A 14% 15% 41»/2 41% 40" *90 95 90 90 . 28 28% 17% 9 29 30% *16% 9 20 7% 21% 33% ' 29 .18 / *33% 34 33% 37 37 ' , ' ' ft *1 ' % ,. 1 9 9% 2274 28'3/4 2874 ' 6% 23/4 75% 773/4 *75% ' , 77 *14 7 14 13% 19% 19% 23% 14% . 19% 19% 24% 25 24% ft , , :r/ • ' 20 ft/ *57 59 ft *54 % " 20 *57 ' 55% ft 8% i 23/4 2% 21 9% '2% • ; 21 5% ftft:;: 57 59 *20% 9 % 9% ;ft 15% 16% 57 " 22% 22% . 9 ' :■< 153/4 22 22 57 ft: 57 *53 1ft: , -ftft:ft" *57 55% 55%!:'/'.: 91/4 : ' Va *. is Va - ft' 15 143/4 (45 ,. — -.'v ■' ft: . , ft 9% ,.; /•'7 1574 14% 14% 7 . ; *37% ft 374 4'A 76% 41/4 3 . -ft 8474 77 26% 26% ft. 7; 76 130 - 42 7 7-ft 417% 42% 40% 41 28% ftft. 273/4 28 Vs 2774 28 901/4 96% 96V4 *118 . 119 ' 8% 73% *72% 74 7 1674 16% 17% 174 174 93% *98'% 2% 274 *2% 123/4 123/4 104 2% 32% 274 , ( t' ?2% .2% ;7 123/4 -.ft:/ t ftft.' 23/4 7 XL-' . V •1 LXv LL • 7'' ■ ' !' , r S\ 'ft 170 70 7"ft: 104 ".'t":: .274 274 ft.-/-" •• » ; JCent RR of 1,300 .'-14. XL ■ ^LLL^'-■•'XL* "ft *.f 1 274 274 274 ft 3174 32% ' . xx'.:: '•'•',.ML-— "L: Certain-teed 4,500 < , . ~r',lf;•/ XX : Products—: preferred 656 prior 820 '; *17% *17% 19 *99% ;; ftftftz 8 33 18 *9974 9274 774 */ft 34 - 94'% 94% 400 274 274 2,700 7% : ..774 2 .'- 5,800 10% 1074 4,800 5% 574 ft 574 1,100 8 '■■■•'/: 774 ft 8 X7% *174 2 74 2 1% 2 *1% *10'% 1074 1074 ft '.ft 6 574 1574 1574 *15% 38 *46% 47% 4674 15% 15% 574 v 15% 1574 36 *367/s 38 *47 4874 ' *47% % % % ■ 13% 1% l'/4 , % 11% -11% 11% *11% 13% 12 *13'% , 13% 13% 13% 13% , - *23 10% *95% 96 95 *33 36 *33 - 22% 23 68% 70 X69% 1% 1% " 38 95% *33 38 - 2% 2% 38 *36% 80 *367/a v 10% *65 10% *10% 95% *95% 36 33 - 109% *31 Ve •*108% 30 30 30 31% *101% *101% 102 102 109% 109% *101% , 96 96 33 33 2% 36% 38 2% 36% *108% 125 30% 30% *30% *81% 82% 83 101% 101% 50 *48% 38% 33% .38 ' 33% *148% 154% > 38% 33% *149 , 89% 89% *61 88 *107 18 18 *108 112 14% *2%. 17% 17 «' 154% ' *148% 32% 154% 89 ■ *148% 63 16% 107 18 17% 112 ,*108- 14% 13% 2.% 1.3% 2% ...38y2 33% *61 109 *108 14% ...,*48% 38%. 33%. 38% 37% - *.2y» 2 17% 107 18% 112 14 -2% *3% 4 3% 3% 3% 3% *3Va 3% 3% 3% 2% 3- 16 16 16 16% For . footnotes' 15% 16 16 page 86% *61 % 87% 16% *106 18 *108 13% 2% •3 %' 2% , 19 . *82 .. 85 . ; 150 Va •v 39, y- V'. 154%, ; 2,700 .63 107 .16% *106 18%' 112 17% *108 3% 3% 2%' 15% 15% 15% 15% 15% .3% , Ji 5,800 £—' 100 14% (The)—L No: par Class. A — ——NO'par -Coca-Cola Intern Corp——No par .Coca-Cola Co ..Colgate.-Palmolive-Peet-_—No. par $4.25.preferred————No par - Collins & Aikman ..5% 210 3% ; 760 3 Va 250 15% 15% 2,700 15 Ve 15% 2,400 conv Colo Fuel 3,300 2%. ■ 100 Preferred 2,300 112 2% ,2% 15% 107 ; 13% 14 15 y4 17%. -18: Molybdenum———No par & Coj— No par No par - preferred! & Iron Corp. 1 100. No par -.100 preferred——'. 1O0 preferred—-—L100 -Colorado & Southern—. 4% . . 1st 4% 2d .Columb Br'd Sya Inc cl A Class B 2.50 2.50 , * 86% May 6% 1% July Deo 1% Deo i1/* 4% Dec 0 Aug 23 Deo 2% Sep 6% July Deo 4% 18 Sep 25 Deo 15 Nov Deo Jan 11% Jan 76'/a Feb 100 July 7% Apr 12 Jan 15% De« 2474 Sep 61 Mar 64% Not Deo 1% Jan 7% Jan 1474 Jan 11 32% Deo 9 174 Deo 2 : Dec 89 Jan 32 28 79 '" 22 2 . Jan Deo 3% Jan 8774 78 Dec 31 43 28 112 Mar Sep Jan 125 30 : 15 Deo 50 74 18% 42% Dec 28 29% Dec Jan 02% May 30'% Feb 97% Dec Apr 41 Apr X2% 3974 374 July • Deo 130 Dec Deo 2974 July July 30 120% Jan 22 97% Dec 26 8% Dec 23% Jan 5 3/4 28 27 122% Deo Deo 10% 11674 Mar Jun Sep 65 x Deo 75 15% .75% Dec 30 t 574 Aug Deo 3% Nov £ 7 . . Dec 3 9 i 28 Va Nov Jun 2274 Mar 3% July 9 174 Deo Jan 2 108 y8 Deo 115% Jan 3% Oct 2 1 Dec 4'% Aug 4%. Feb 110 . Jan 29 . 17 Deo 3% NOV 12 2 Deo 4 July 104 Dec 31 77 Oct 97 Apr Oct 23 10 25 Deo 3% Nov 1% Deo 34% July 574 Jan 32% Dec 21 22% Apr 3774 Jan Jan 6 Oct 21'A Jan 18% Oct 29 14%, Deo 100% Nov 6 9 05 %i- Deo .V ' 35 ; 19 9% Oct 1 36% Jan 27 Feb 7 2% Dec 13 44'% Jan Dec 102'% Feb 03 A 2 ft ft 1A 16 Mar : 9 3%, Dec 3 9% Feb 39% Jan 21 37% Apr Jan 5 49 Apr 7 % Nov <17% Jan 52 2 y % Sep 28 24 25 11 % Nov 9 A iy4Sep Jan - 44'% 54 6 1 Jan 13 20 70 V\ Dec 28 4174 10% 74 Jan V4 ; Deo / Deo Deo Jan July W Feb Jan 143/4 27 2% Feb i 8'A 19% July Feb 13% Feb 15 2 ft Nov 074 26 Oct July 8'/a May 2 25 3 11'A Deo A Deo A July 1% Sep 3 6 Vs Mar 374 13% Sep 1 174 July Deo 26 1 28 - 1% Mar 2% Jan 2 Oct Deo 31% 8% NOV ; Sep Jan Deo 4 68 22% 107'% 18 574 • 2 2 Bep Sep 3 Aug 27 Jan 72% Jan 1074 Feb 3 8 Deo 99 Aug 18 02 Deo 19 34 Apr 14 40 Aug 3 Jun 6 2 Deo 4 Vs Sep 39% Nov 4 Deo 40% Aug Oct Mar Jun 10% Aug 9 25 125 Dec 31 Apr 15' May 14 2 Apr 28 Apr 24 70% Oct 85 Jan 10974 Dec 115 Aug 24 Oct Dec 16 08 May ; 84% Mar 10 81 Deo 84% 48% Nov 50 Feb 44% 28% Feb 102 " 50 * Jan 44: < 26 Sep Deo 106 Jan Nov Nov 28 78 60 < : Mar Feb 9 25 Mar 13 17% Nov 11% 30 1074 Deo 25 107% Dec 21 18% Oct 13 100% Feb 97y4,Apr 10% :May r 96 13% % T i 63% Jan 28' 7 1 470 , 3974 6374 July 740 Deo 11 740 16% 100 Dec 10 105% Deo 114 20 12 % Deo 20 16 4% Sep May 19 5% Sep 22 22 21 21 19 Apr 5 Sep % July 10 8 Va 8% Apr: 17 16% Dec 24 16% Dec Apr Nov % 11 Sep Nov Mar Jan Deo 174 Jan Deo % 1 11 July 30% Jan 18% Jan 108 Sep , May 21 May Deo 148 92 25 Oct Mar Deo 149 Feb Sep 142 22 Jan Jan 5 Jan 36% Jan 103 27 Mar 24 . 3374 22 3 7 Jan Feb Dec 30 31% Dec May 139 56% 55y2i 46'A Aug Mar 10 72 May 11 May 15 29'/a 104% 112% NOV 16 17 Jun 470 . *15% Deo 49 Sep 20% July May 12 77% 47 32 % 25% .Cluett Peabody ... *660 17 Climax. , Jan 35% , 19 5 Jan 95% 1% gtd—-50 stock—. .50 Deo 34 y4 Sep 16 Jan , & Pitts RR Co Special gtd 4% Deo 23 y» Jan July B'/e July Deo Dec 67% 1 Clev 5% 18% Jan 3'/4 70 Feb 61 Sep 118 Deo Jun 120 100 Jun' 2% Jan 107% 22 :• Jan Jan 2 May 28 —100 . 88 % Louis Ry. Co preerred 12% 40 1 32 2yB 28 ... «2,900 2,400 & St. C. Deo Sep Deo Mar 23 20, 92 No par Equipment Mar 26 Va 18 Jan 437/s 9 100 5 23% *109 * Jan 11% 1 v 37 Deo 17% July 16 V\ V& 8% pfd——No par Clev Graph Bronze Co (The)——I 5% preferred—£-100 ... 34 r 33% *61 30 --v. 50 •/'. 87% - 63' 15% 16 see 4 *660 *660 *107 109 50 88 64 > 16-% 17 85-". *48% 33% 88% ■ 16% *82 50 *148% *660 — 83 38% , 33%: *61- / 64 *660 , 50 39 154% *48% •83 *48% - Apr 47 .ft .Clev Ei Ilium $4.'50 600 31% 101% C. 5% 40 " *81% C. 20 ; 101% 30 Ve 102 Clark 400 35%"' Corp.'— 2 Aug 11 12 ' 14 V* Jan 2% Nov 8% Jun 4% Jan 23 y 33 par Deo 7V'a 1 . .25 .—5 Copper Co— City Investing Co_. City Stores 50 109%- ..109 ., • City Ice & Fuel————No par 6% %" preferred— 100 2,100 -v75 1 *65 ... "Chile "Chrysler 340 3 > 1-——No Childs Co 1,900 120 120 75 109 20 23,300 , 33 r35% *65 75 109%- .!• preferred.100 preferred—— ^^.100 Chicago Yellow Cab.j——No par Chlckasha Cotton Oil.— —10 1,400 10%.;. "96 V" ' 2% 2% 125 *65 75 *65 *108% 10% ; No par No' par No par L100 preferred——. pf " 1% 67% "69% .12%- v'-- .' 6% 200 ■%4% *23 •* 7 % 800. 13% 1% 697/« conv ■ " ' 70% v 95% * 2% 2% *36% 1,700 3,100 12 1% : ? tVe ; *23 24% 1% 'i % Apr 2% Jun l3/a Jun " 13 Ve 13% *■" ($2.50) cum dlv Chic Rock Isl & PacificPr 2,200 / 10% *10 *ioy8 2% • % ' 69% 69% 69% $3 % 12 24% 1% preferred^ Mail Order Co- 7 Deo r Apr 27 Apr 22. Apr 24 Apr 8 89 .—50 .50 —5 Co ' '/* » — ' 200 ' 23% *23 % % " . : /' A. 14% 93 -dV* 27Va No par L—40 RR Co Chicago Pneumat Tool 1,300 50 *48 *% fe 7 (f 11% *u% Class 111 ' 1574 15% "*36Va 7 37% 4874 .% % ,15% *33 4674 hi: Vz1 574/ft'. ft/ftft' 5% J ' yv. & East Chicago Great West RR 1,300 2 1074 Preferred series A__ Chic ' 574 6 % -*% "/'. 2" '■/"'. fft ' 38 *36 *36 774 ■ 10 lQVa 10 10% Mfg—— Chicago 274 *874 — Chesapeake & Ohio Ry— 14,400 33'% 274 2 '-•••; Vftftft;i?> ; Cab Checker 900 8% *774 preferred J 6% No par 100 :—-5 25 —100 & Fib Co Chani Pap v 30 941% 774 • 7,400 » '• 3374 2% 274 2Va : :. 1774 100 6% Jun 38% 15% Sep 14' Jun 20 No par ChaM Belt Co—— 18 V"; 100 33 33 ft ft ft ft;'ft 94 2% 8 74 2% *2% 8 74 • .ft: 17 *94 32% 3274 9374 ; 1874 100" •:- /"■ft 774 8 94 32% ■ *99% 18 *17% 18 *17% ■'fft 18 100 8 8 *9174 ft."/ 3274 92 ftft/ft' 100 8. 18 *17% 19 *99% 100 8 18 *18 f 18 *18'% Jan Deo Nov Jun 29 23Va Jan. 100 - ' Aug 4% Nov Mar 10 " v. Oct 2% 6% .. 82, July 6 27 Jan 2 1% Apr 28 No par __1 de Pasco Copper Cerro ft ft 2,600 v L Preferred 10 . . Jan 45 V* , 4S4 2' »■ Dec 11% .33 i 2y4Apr 14 No par 100 Mills—. Century Ribbon Apr 37 % Feb 31- Apr 24' Apr 24 Apr 23 Apr 29' 11 Central Violeta Sugar Co* 41 10% Apr 17 Jan 16 1% Jan y " 200 , Jan Deo 10 May 18 60 New-Jersey—.—>100 Jan 25% Aug 29 2 7% Nov 25 iyzMay27 Foundry Co 1 4%% preferred—100 Deo 12% Deo 15% Dec 23 7% Nov Apr 17;r. 6 Vb Aug 12: 66 Feb 25 10 Apr 27.,, Central 111 Lt 3 L—'i'h 'i'-'" 33% 33% 100 No par 17% Dec 30 . 24 16% NOV > 77 —No par - Deo Sep 6% 2 July_ 2 .110 ' 334 32% : *321/4 . < Central 130 ■ ' : Corp preferred.—— Assoc— 5% - .-100 Central Aguirre <400 - 104 104, 32% Ceiotex - •Tan 14 Apr 14 ' 15 82 —100" —- 39% 3% July 1 1% Jan 1 2 Feb 10 Apr 20 30 - prior preferred—;-100 Deo % 53% Nov <• • 13 / *274 " ; No par preferred—'. 7% prior -> 3,800 if 2% 2% series 5% • 2,300 : —' 21 14% Oct 22 22% Dec r May 16 — - ;Ly^7%- 2d preferred- 12,100 ;•"• /ft; ■'■ .ft; — — 98 97 ft - Celanese Corp of Amer—•— __No par 420 : i; Caterpillar Tractor: ft'-.1*".. *. 200 XL XLL."vf;;-XX . • 4,500 (■;."■■ .ft -XX - • • 6,000 -A Vi ;• 'XL '•'•/•-4'L . 400 1,100 L < f ft • - 3,500 "ft 1 % ft 3 3274 110 par Apr Dec Jan - — 150 X'.., :::f XX 'L-'L'L •■••'.•,"•; 17% . '*; *ft 13 : 13 ft: f ' 8% 2% 3 "ft *95 3274 ;; : 75'% 174 r ft/;":,: 9 Va 27 Va 3% 29% —i—1 ; • 1% .— 10 32 100^ (-77 Carpenter Steel Co—— —5 22V* Carriers & General Corp^ -1 2y4 Case (J I) Co^——100 54% Preferred ..100 117 - , Sep 21% Apr Feb 16% 3% Jan ,14 10% Nov 0 95 »Jan ,13 17 Dec 31; ft Mar 6 Dec 29^ Jan 10 Capital Admin class A $3 preferred A Carolina Clinch 8s Ohio Ry ' . No MMsJl— Cannon Apr 17 * Jan Jan Dec % 7% Oct 26 5% Jun ' Deo 23% July 38 1 35 Jan .16 17 , 14% Oct 23 8 8% Jan , 9 12 ;112%Jan '27 243% Dec ,14 10 .. 85 Va Dec, 14 11% Jan -100 l—25 • - ; 54 23% 35% Nov .13 43 Jan 3 y % Jan ,13 ft. 1;'A Jan 8 23 ,10% Nov , 2 2 50% Apr 14 ' ya Jun 2 No- par ,-B - 400 ft--;. 97 874 .ft 16,100 ft;.... 97% • 'J 98'% 30 , ' : 119;--ftft,/ 'ft-,: 75% 17% /' (ft. XX-. 97% 1774 / Campbell W &< C Fdy— -Canada Dry Ginger Ale— Canada Southern Ry COi_, Canadian Pacific Ry—L 100 XX'; • •"* L—ftftV'* ft 28% 2874 ft-ft-, 3,400 "> ——1 —5 Hecla Cons Cop Calumet & - 111% Apr 28 . 16 % Jan par —50 Zinc-Lead_— Callahan - " ft 4174- ft ••.-4074 8% •'• ■{■ ' •-75% 1,600 ' -XL' •] 374; 3% ! 96 3/4 ft ;K 13 32% 32% ft v. ' 104 32 3274 31% ft- ■*' 1187/8 /ftft 2% - 3% *91. 26% *25% - ft) ■!'. ^Lv- 851/4. ft/ 97 *98 b 3% 7 • 85%' V- 6,300 •'■" / ■ •It' r V..": '; 174 174 98% 32 3/4 ' '■ -' ,rv^;: L" r;' 434-ft. ( 39'%-v' - '■ 16,500 - : 1 i'L-' ;*< 6%/ft '■»V; 130 17%. ■ft : 13 23/4 .■'.ft 3 ' 31% 31% is: 1% *91 './ 104 /. 32% ft ' e ^ No Packing preferred-!——L 5 f»- >Deo , * 15% Mar 30 2'% 6'/2 69Vb 10 ft Jan 18% _ . r'j V 119 8 ! ft. •/M •;•'.• '\* ' r. . *127% 75% • 98% 274 ' ft' 12% 3%; ft;■>.-, #3« 32'.% ^>4 >'-• 74 1674 99 " •< 128'A ' 97 V2 560 i ■: . '.:vX";ft XL 36- • 4174 1,000 1,700 :'3,ioo ' *37% '28 V4 - : • -ft,:' 97 8 1/4 74 y::ft ;>k:2 vi-fy 1% 98% *91 '•>' ( . ' 78 97 ' 97% 7% 8% 8 81/4 *3 V /ft .ft 76 V2 28 ft '' {/; ftft 'V I -ft •76 118% 119 96% 97% • 73V4 163/4 ft1- '■""ftft " '•« .> ***/•''<£' ' ' 3,000 ,v. ' < ft *4V4 ft; 3 V» 40% •ft 9674 96 119 7 90'% 97% 97% . 28 16% -ft 2674 : 3% 128% 130 *128% 27% 97 e% 36 - 85 ft: ft/ 76 76 41%. '7/ v* •14% -ft - 4 '/a 85 3V4 3% 3'% 7. '76% 130 /i 119 — ' 6 V2 ft 70 ■ Sep 35 16 21 10 25 Oct Mar 24% .* j 2 Dec ",17 2'% Jan 2 3'% Feb 6 40 Sep 25' 44 Nov 5 ft 18 Jan 2 >i 24% Oct 26 '< 4% Sep 4 ;y 6V4 Feb . 6 ,19% Feb 14 21% July 21 , ;• ?"• * J—. 'XXL r>x ;• ft/'74 ;.•-- -V/ft -./ft- 27 Va 3 28 *25% ft California ' 7 .. "• t *■' ; 117 • ; 16 ** *37% ft 39% 39% 130 128 Va - 1574 ft-. 14 1/4 ' •7ft .'843/4 ft 27 :// 76 3 Vs 76% ■•ft-.".•J,,;',-' 22% ft¬ » -674 - *3574 ft 36'/a ft 4'A , ' "'ft'"' ■ - - 14% "76% •6% *373/4 851 26% /"'/ 36% 39% *843% 27 *3574 4% i *4% *373/4 85 *26i% 28 '•'ft 63/4 *84% - ft 6% •' . . 22 1574-..-/-- '%>■ *27Va ,..*27% •<:1674 28 36% '39% V 1 i 14% ■ , 2,800 No par 1 6% preferred .-100 Bush Term Bldg 7.7* preferred—100 Butler Bros————— —10 5% conv preferred—i 30 Butte .Copper & Zinc— ——_3 Byers Co (AM) < ——-No par Participating preferred-i 106 Byron Jackson Co— No* par 2,000 : • , No par ser_i-; pfd $2.50 series...———— 17 90 Deo > Sep Apr 25%; Oct 28% Nov, 7 20% Dec 30 . t' 57 Dec 21 55% Dec .31 cf 6V»Jan ft2:f 9% Oct 13 Burroughs Add Mach— Bush Terminal.- Jan 12% 21% Nov *21 8 2 161/4 May 27 19 Vi May l 14% May 1 • 53 Apr 17 51 Nov 24 1—1 Corp__., 10% 89 .5% Sep .j~—No par Jan Dec Aug 38 11% Sep 1 10% 70 2% Oct 19 j 9 20'ASep 30 : ; 9% Nov 9 •- Jan Deo 10 . 2 . Apr ;~\ ft Apr . -l Apr 7 Apr 28y4July , ;< 97a Apr 6 Dec * 103% May >2% Apr ftft47% Jun par — $?.7'5* Conv pref Conv 100 ' "6% . ft'' 6% ft *27- r 'ft/% v * *353/4 43% *4 % J '.' Z v 1,,V , nr 15; 7ft Burlington Mills 7 12,700 2,400 ' .-,.'; <<70 ."<■ '. 7l'.%.";;ft,:-/ 16% •ft 17 : 1 3 ' : 22'A 7 674 . ., 444 ft "57:'-".ft,■'.*53-ft- 57 15-'% 7/ 36% .1% • i ,26 30 No par 2,100 ■ — ft; — ft. 211% 9 : 16 3/4,; 2174 *53 6% 6% ,V: ' 6% *35%: ■ " ft ;' ;- • 201/4 ' • ftft 20 •/■»■ ft2% 7>274.^:ftft • 9... : ft." 15% 143/4 7 30 *27 ; ,-:V 7./7. ml No - Co . Bulova Watch-.—v - ftft. ' • 5% 'ft-5 %ft..ft" 7 71%; 16 Va iv- i_100 Bullard Co 100 ,{ 2%" ...21% . v'ft, ft 20 1.100 No par :_w — Forge 2,900 1,600 / j ■';■)/,: -'ft /.''- V /ftft' .7 9%/ •41% 5% f 674 1ft i Wheel Buffalo 700 • / ;<• Budd 3,300 i ftft '.4 . 'v: 55% . 2% 22]/a 71574 "!■ —' .: ; ftft. ' 6 74 .ft" ,7 6V4 6 'A *15%' •153/4/• 7': 15% 310 59 , . 9% ■ 2% •" 8% 'ft-; 7;ft' V■ft•. ' -ft y. • •2% ft- 2% 16% . . 110 11,500 ft" - 7.' ,'JLi "... '<••:, ft 20% 20 70 • • • .-■-/ft-' '' 7.. 15 2074 71 69% *53 71-% 22% ft",/ 22% *53 9 : 70% • "15% 15% 93/8 674 *1574 • .45 5% 2% ftft 2% ; < 5 Bucyrus-Erie Co.: 7% preferred-^ Budd. (E G) Mfg. 7%. preferred-i 12,600 ft— No, par Bruns~J3alke-Collender_i 3,000 / . ■ y..'1 19% *21 'ft.. 20i/» 20 23/4: ••ft/ 9 71- 71 21 20%- 2% — : Bklyn-Manh Trarrsit——No par Brooklyn Union Gas No par BrGwn Shoe Co No par . 600 ; . • *41% ■ 5% ft. 53/8 20% 2%- 4^ 1,100 6,300 • ; ■ /ft " .2474 • No par —5 / ! v..* Brooklyn & Queens Tr.\_—No par 200 ft- •"!' ''ft- ft . 19'/4 ■ .• Briggs & Stratton Bristol-Myers Co 900 L— • 15'AJan , , 23% 13 ftft, 31 'A Nov . 57 i 2% 2% 20/4 • ft " ;874 ft": 45 5-% 77 2474 *54% 9 , 2% 22% 5% 20 Va 2% * 83/4 ft'- > 45 ft 5% ' 'ft:' *41% *41% ;; . . Deo 5 17% Jan . 1 22% Dec 30 • , Mar 10 xl5 May 22 7% Jun 29 ^ 31 Vs 15% * 28% Dec 30 25 ' 1,300 • r' . • 55% *5434 23/4 *21% 45 *41% 55% 87/e ' ...1 '•' "> 274 20 3/4 20 ' *54 Va - ft. 9 1 24% ..; < 6,900 .-.'Xr/.("/:, ; mm!«, 674: ft 77 /, /.ft,-,., 19% ..." ft 2434 :, 19% , . 19% 19% 24 19 3/0 ft '59 ftftv;;ft< " *57 ft.' 19% 20 19% 23% . 13% 13% v — ■ 104 274 7 ft-"./ 13'3/4 6% 7 6% 14 6% 7 ;• 13 6% .ft. ft 'ft •'■ -ft" 1 *63/4 1274 *103% 77 ' '• 29 !4(i ft:'ft." 3 < , XL ' '■•j •4.4.'.?r"! 29 104 2% i" ft; .,.l "- ft; ..!>■ 9% 874 / 6% »• 104 ft ft / < 13y8May20 183e Mar 31: ' 1934 Jari 2 'ft,. ;iy4 Jun 25 r- 131/a 2% 2% 2% 773/4 ' 75% :r 75% •' 1 % 63/s 104 104 . 7 .28% 13 , K ■ v"' 9 8% 674 6% 6% 103% „ .'ft- 3 3 6% 1033/4 6% 106 *103% 38 ■■■ • ('■' 4,200 ; • 34%":/,' ■ .. 'LL. 2-. f Vl im. .' 200 .ft ' • .• 38 .1 28% 131/8 13 13% 13/8 13% 13 . "' . 200 J-L' ; 21% 5 ft ft./: 34% •ft ' *1 28 74 •28% 28% -20%: " " 38 *3/s , 700 /) / 874 3374:7ft; ' 1 fA .' • 19'Va ..'ft 8% /. ,, 211/4 ft 37 9 ; Deo „ 2 May share per 21 72- May 29 95'% Feb 16 30% Apr 28 v 4074 Jan . 5 * t—15 Corp 5 Boston. & Maine R:R_—i.; .,..100 Bower. Roller Bearing Co—*-5 Brewing Corp.;of America ,—15 Bridgeport Brass Co— -~No par Briggs Manufacturing-.—.JVo par ■ 33% > : 25' v Borg-Warner ?. ft July 15 13yaMay20 —ftl — (Then—4 Borden Co 8,400 ' ■>>•! Stores Inc 5,500 V.LL *• " Bond 2,200 ! ; -174''< *18% 8% 2074 v . . 30%.. .ft *29 19% 8% v r ' ; Sep 21 Jun i 3 Apr 30 58 • Apr 29 Highest J share per 29 Dec 15 19% Jan 28" 7% Jan 14 14 Va Jan-. 3 ■ 12 Jan 2 75 ■< Dec ft 1 ■' 21'% Jan ; 8 43 ' Dec 18 2 14% 5 11% 8 , ft par No par Class B 280 • - -/ . ' 'ft, 1% . 31 *18 ftft ft < •' 1% t 'XL -1 ,j__N6 Bon Ami Co class A ft''//':'; 20 ■■ .ft1' '""•JU *1! 17% 17% ;ft ■ft. '1% *2774 'ft;. ■■■'-'■ 1V ft'':. 8% 9% < 28% 29 *28 3/4 %:;. '""ft 1' 1%: 9% *% : 1 ft . L'—" % - '.ft"; 28V4 " *% 92 "ft • >38 38 ... .22 % 37 37% 3,000 -.2274 3314 36% ' 33% 14,100 •• i * -.17% 33/4 20% 15Va 163/4 28 21% 30 ' 30 22% v 8% No par Bliss.& Laughlin Inc ^__5 J Bloomingdale Brothers No par Blumenthal & Co preferred -100 Boeing Airplane Co.x..: -—5 Bohn Aluminum & Brass_i—._5 ft Co_.^: Blaw-Knox 500 41% *90 ;• ft, - . 1% ■ 18 ft:, ft -92 8,400 •' 14% 18% Apr No pur ; Black & Decker Mfg Copar Year 1941 Lowest S per share $ per share Par , Rlgelow-Sanf Carp Inc 75 41% y4 15 41 92 . 28% 29 .: 874 { •' . 1,200 v 13%- ■ *70 ,373/8 >•,38% 22/4 1% .v.. 17% 21% *36% 1674 ft: 29 •" 8% • . . 3,200 - v .9%. .'9% .. 15 92 ft ft'- 6 Ve .*13 , 75 41 . 38% 27% V-' ft/ 17% ' 21% ' 1 % l. •1% '< 163/4 1674 22% 1% *28% Sharei Li utSX*- 28%" "' 16 /ft/' v 6 10 "9 Ve 21% 3874 13 13 38 163/a : 41% *90- 22'A • < 285/s *1% t 38% 16% 22% 28% : • *38% 16% 22% EXCHANGE the Week $ per share share 15% 6% *70 is %• 14% 41% .,*28 16% 6 . 74 72 -27%. 15% 10% "9'/a , „ "41 *38% t per share r 27 28 Vb 28 28! 15% Jan. 1 ' 16 y8 . I per snar$r\. 27 *9% Dec. 31 Range tor Preview* Range Since January 1 On Basis of 100-Share Lots Lowest Highest ■<- STOCK NEW YORK *• Sales tor * * 27% "70 Friday Dec. 30 27% •13 Thursday Wednesday Dec. 20 . STOCKS SALE PRICES LOW AND HIGH Saturday CHRONICLE THE COMMERCIAL & FINANCIAL Number 4139 Volume 3% Aug Dee 2% Sep Deo 21% Jan Deo 21 Jan THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK STOCK Monday Dec. 26 Dec. 28 f per share Friday Dec. 31 $ per share f per snare • Thursday Dec. 80 Dec. 29 6 per share STOCKS Wednesday Tuesday RECORD PRICES LOW AND HIGH SALE Saturday t per share ' Sales tor Jan. 1 NEW YORK the Week t per share '••%;, ', On Basis of Par 1% 1% 1% 1% 1% 1% 13% 1% 1% Columbia Gas & Elec 57,200 ■ 39% ' 39% *36 83 *10% 83 . 39-% 84 *10% 10% 32 % 28 3% 28% 32% > 39 36 84 32% 10% *32% 38 V4 36 .36% , v; : v 84% 10 93/4 *30 , 40% 36% *83 843/4 10 9% 32 40 ,36% 36 39% 36 39 % 3 6 3% 84%' 38% 37 Va *81 9% 30% 283% —r'•• • // .■ v" 28% 105 32% *101 33 - a*2 20% ,21 'i 1,300 j-w 33 .*•' ■?'■?"& *10% 'V '„ V 4% 14% 91% I* *33 % 4% 7% 4% 7% 4% 7% *4% 7% *33 16% 16% 16% 4% 27 25% 26% 26 6% b% 18% 27 9 % 6% 6% 413% '/,/ 413/4 4 V4 4% 26% 18% • 27%' 18% 9% 36% 37% 37 37% 55% 56% 55% 557% 177 % % 13 % 131b > 13 % 95 > 94% 9% 19 39 79 % 16% 9% 9% .7% *10 18% 18% 37% 10 Va *16% 10% 33 71% 9 Va 9% ■ 6% •;,A. io34 : 21% 22 *92 30% 15% X":,'- 223%,.; *92 ; •. *76 16 3% ' Conv Insurance 973/4 • ;io3 of pref 5% y 16 % Nov 14 Jan May Jan Oct 9 Nov 39 Nov 5 5% Sep 28 v 234 May 17 No par 25 Refining 1 2 % Feb i" 7% July Dec 93 Dec 11 <30 Dec 79 px Dec 109% Nov i 40% •; > Feb 2 3/8 . Sep 4 Vs Jan Dec/. 17% Feb '27% Nov 9 15% Apr > 9% Deo 28% 28 58 Dec 28 179 Oct 2/ 3% Nov Dec 42% 37% Dec Deo Apr 10- • , 170 23% L Jan 18% 48 . Jan 56% Sep 52% . Jan X x54 2 :: ^ ' ; "iV*."*:,-; 33%. 72 Mar 182% Jan Dec 4% Jan A Dec % Jan 19% Jan V 14% Dec : 11 Dec k 98% Nov 10; 88 Dec 107 10% Dec 19 Jun 15 12'/a Jan ■' T-'—=•' . v ^1.''v 160 $5 5'/> ; V ;-V" 90 '4 "% Nov 21 2 V 31 16% Dec 53A May Preferred 16% 1Q 1 ' 16% • , ; *90 10% V I6V4 100 ,,115,/x 10% ■ 10% V :;i ••.•■• 1%, 1% 30 Va 30% 17 16% 6% ,, 17. 63/4 A;;' 22 21% 100: *76 t>:» 83 153/4 14% May ; Apr 27 No par .No par ; / 77 May 19 233/4 May 20 63 100 8% Jun 26 15% 16 15% 100 41 24 393/a Nov 84 9 Jan 140 Jun 27% Jan / 45% Jan Dec 153/, Jan Dec 28 Deo 73% X 3 95% Dec Dec 3% L 94 K; i 72 47% Jan > L 8% Feb Sep 127% 77 Deo Sep v -i Press Inc 4-4-—5 preferred Curtis Pub Co (The) 13 No par . Prior preferred- Class 18 hi Jan 193/8 Sep 2 2 Dec Oct 8 Deo 12", 12% 88 Dec 14 sV ' $8 preferied 15% 2,200 ^No par Cutler-Hammer Inc-. .No 16% '!25 Jan Jan 99/ • Deo " % Dec 32% Nov 12 133/4 Dec 45 20 3/a Oct 15 16 Dec 343/4 Feb Jun 30 9% Jan 6 6% 18 Jun 24 25% Jan 12 80 Jan 19 95 Oct 23 44 ' ■ Dec Jan Jan xio% Sep 24 Dec 29% Jan Dec 80 Aug Jan 17 81 Nov 9 42% Feb 12 3/a Jun 22 18 Oct 21 14% Dec 27/B Apr 4 4 Dec 15% Jan v par 1% 80 : •' ,y '■ , Dec 31 13% May 19 l./i 100 pfd 14 4 13% Jan 100 5% May 20 A Cushman's Sons Inc 7ft 'miZ'-i 14: Mar 12 No par .No par Curtiss-Wright 3,700 29 Feb 90 / Preferred— 40,500 ■ 8% May ■ 7 473/4 Mar >■ 20 July 'i' V;; Jan L13% Nov' • Feb Feb 41% Oct ' 98% 1% May 14 2 V July Dec 27 13 Jan 9 Deq. 14./, 133/4 Jan Jan 80 4; 29 Jan A'*.'- 15 Nov .7 Jun ' • 10 15 - , 38% 8 25 88% Jan !v 4% 28 Jan 12% Sep Jun 88. 74% Jan 4J/2ft 4,400 83 • 25" Jun 5 H preferred—. 1,640 ■ , Cuneo 9,100 Vv's ;> r' 634 21% 20% Nov Mar 27 10 ___ conv 9 32 Cudahy Packing Co 130 ; 100 *76 ./ , j?-. , 6% *92 ^ *7 2,300 1,500 « 'r\.' -•- •'r- 21% 100 V., * 76 83 15% 63/4.,;:: ! 21% *92 'V';; ,-H'V •' 30V4 16% " : ;Vv>- v;:'."' %'!« 29% , :,f ' 00 16% *92 v; A, 17%-,;. 161/3 M00 . 1% ;v» 5% ft 9% Dec par preferred conv 1 5 Cuba RR 6% preferred Cuban-American Sugar 30 -<V' ' No Corp preferred— conv 5% 7,000 no preferred conv Crucible Steel of Amer 1,800 J' , $2.25 6,200 8 *105 .No par No par —- Crown Cork & Seal Crown Zellerbach 6,200 .V-/:V ww". ./ 9% 7% •]--r : •■j 71% ,7%./ C Crosley Corp (The) 400 32'/a ..9% 1,600 3,600 , / Deo 2% ; 85 —.100 (The) Sep 45% v 8 S3 Apr 103/8 Apr 17 25 preferred conv Jan L> 10 Feb . 5 v. 51% Jan 30 17 Apr 6% 35% < . 5% Cream of Wheat Corp Jan 16% July 5% Aug Jan 21% July 106% ' Deo 2% Jan Nov 27% Dec 30 • Co O3/* July 3% 12% Jan V 2 % May 22 v; Feb /11 21% NOV 13 Mar 159 Inc Internat Corp / 5.C- 4% Nov 23%1 Apr 24 42 V1 Apr 17 Preferred 6% May 14 15 8 23 Apr 45 • : 42% Dec 29 50% Apr 29 8% Apr 29 5 Dec ; Dec Dec % 18 8% Jan 1% July 1% 103% Jan 28 22 30 ^> Apr 1 7 17/ 28% Dec Dec 5 7 Dec 8% July < ' 5 5 Jan : 24 28 107% % 6 15 16 3/4 Oct Apr Jan Deo 13 96% Jan 21% Apr 29 ■„'/ 23% 9' 113/4 July 6 2% Apr 29 , Dec 26 2 $2.50 ... V 4 Deo X82 8 3 21 4% 17 9 3 82 V, series Coty Crane 2 .v-7'Z No par Del Coty 140 . Jan Jan Jan 11% ■z; 4 Jan 8% Jan Motors Products Corn 16% Nov 77 Oil , 9 % Jun Corn Exch Bank Trust Co 1,700 84 ;; 9% U5. *90 •, 3% 3% 17% *107 V4 107% 107% ' > 10% : 10% V. 10 27 % 26% 28 28 Va V 11% 83/4 3% 3% *% *32 ; 18% ;.*36 p 40 8% "85% £ 3% % •% 3% f<s 17% *33 18 N' 25% 26 36% 37 ; 8% 87a 9 "" 213/4 21% 8% 8% ... 8% ; 22 21 86 *83 86 , 9 ' 21% f : 9% 38% 37% 38 25 % 25% 24% 16 9% .... 16% 16% 57% "*25% .,134 i 5% *8 16% 5 9 9 119% <134% 136% .135% 136% *125% 125% 126 *117% 118% .118 16 9 v *115% 5 9 133 126 *118 5 9 *115% 135% 118 16% " • . ? *" 9 125 133 125% *117% ' 5 *8% 126 119% " 118 7- 114 Jan 11% Oct 47/a Jan lVa Sep 18% Jan Feb 23% Sep 27 5 23 18% 6 13 Va Nov 2 3% May 21 22 Jan 32 Jan 14% Apr 2 , Apr 30 V« Aug 9% Dec 18'% Jan 19 6 Dec 27 2 Va Feb A Sep 7 , 16% Deo 12% 14 Dec July 83% Aug % Aug • 23% Apr < Oct 16 37 Oct 16 Jan 5 21 Jan 27 18 Apr 28 33% Apr 24 27% Jan 19 21 Dec 20% .Sep 29% Jan 39% Aug 24 33 Dec 41 Jan 6% Aug 24 16% Mar 7 9% Feb 9 10% Jan 22% Dec 16 No par Diamond T Motor Car Co———2 Distil Match partlc par No par 100 Co No par : No par 7,600 1,800 Dow Chemical Co No par No par 3,600 Dresser Mfg Co— No par 1,100 Dunhill ... Douglas Aircraft 200 134%. 1353/4 6,400 126 ' • 1 : No 5 .73/4 July 17 32% May 7 16% Apr 23 8 Apr 14 93/4 Dec 31 /:■;> 39:., Dec 31 26 18% 65 5 86 Jan 18 Va Nov Dec 7 ! V May 323/4 Dec Dec 23 17 163/4 Dec 28 x9% < Dec 703/4 Oct 21 59% 134% Dec 31 ylll% 12% Dec 2% Apr 28 7 Oct 23 2% 6 6 July 27 105 Aug 1023/4 May 20 144 Jan 120 Apr 24 111% Mar 14 127 23% Dec 120 79 100 112 Feb 26 20 - Jan 141% Jan Dec 10% Nov 8 Jan •17% July Sep 16% Dec 18 9 Oct 23% Dec May 21 Jan 37% May Apr 29 13% Mar Jan 1st pfd—100 Nov 51 8 — 87 6% Apr 12% May 95 ' ; No par preferred $4.50 preferred Duquesne Light 5% 170 Jan par Du P de Nem (E I) & Co 700 118% International Duplan Corp 8% f >i70 Doehler Die Casting Co——No par Dome Mines Ltd No par 12,400 ' . .-23 Corp-Seagr's Ltd Class A 1,300 No preferred pref with warrants Dixie-Vortex 190 9 118' Oct 14 6 % 125 "*125 Sep 11% 37 Raynolds A_. Diamond 1,300 16 ' *115% * ' 136 126% 5 ' 9% bq' .6 i 134% 157/s Sep 18 Apr 109% July Devoe & 5% 563/4 133 : 30% Nov 25 7 100 1,500 -15% •;:—-56"" 57 > 134% 8 6% Dec 6% 15 9% Apr 20 - 28 —50 Detroit Edison Jan 10% Dec 27% Dec 10 pfd 110 16 100 1,100 9% 253/4' ' 7"' '15% * 16 *43% 120 126 . 56% 16 133 X 16% > '*4$ *8 120 • . 5 *115% *115% Xl5% 5$% 1321 133% 134% 16% 16% 56% •• - 1,500 1,100 213/4 ■ - Hudson tDenv & R Q West 6% 85% • " 56% 21% ■•'■■=-■■ & Mar 16 47% Apr 3% Dee : 14% 16 18% Apr 29 25% May 12 par 20 ; 7 173/4 Oct 26 12% NOV Detroit Hillsdale & S W RR Co—100 37 - Preferred Delaware Lack Sc Western 820 26 *83 233% • 18,600 19*. 36% 9% 16% 600 37% 25% 16% 134 12,800 *33 25% 9% , 3% 17% *18 36% 57 5 3% 36% , 100 Deisel-Wemmer-Gilberfc 24% 16 . r 36 Va 57 134 700 600 Delaware Aug 12 : 1 6,500 X 8 102 1 No ; 8% 17% > • 25 Inc Co 11% V':": % 183/4 ; Records & 29 I-.X - —8 — (The) Dayton Pow & Lt 4%# pfd Decca Deere 8 5/8 ' 37% 17% Co. 11% , 17%":; 37% 17% preferred Chemical 28% ' •24% .'>•37% 26 16% 3Va *83 39 *25% 8% *21% • . A 9% *'38% 11% 36% 1 22 V;..*'9% 28% 8% 24% 36% il .22 *28 % *32 18% / ■ 20 10% 27% 5% Davison 1,500 11,800 10% 26% *11% 17% 2,300 " 10% " 18 24% *107% 110 27% 8% Davegft Stores Corp——. Conv 11% 26% 11% 16 500 17% 11% .10% 28% 17% ?? - 110 8% 3% % 18 ;*83v. 3% ,35/e' 3% *16 ' 11% 10% 17% *24 8% *107% ' v % 40 'V 3% 17% 28 V4 Zv 9 / :/; 17% 18 *32 ' 12 3% % 1 11% 27 9% 18 *16 10% 26% 12% 9% 3% 17% V V 11% 11% 108 ' 26% 29 *12 ' X-: 3% "*16 '' 10% 10% .;. *81% x 105v 99% V A ,,*98% $<■ 1% 1% 1% r21% • 12 11% 108 ■;:» 26 % . 18% 30 15% ill 17% •11% *107% ; 14 15% May 7% Jan / < Dec 00 64 S 20 Continental Steel Corp Copperweld Steel Co_ 15,700 11% . .6% " 83 {< 15% 4 1134 , Dec 77 a " *16 W 9% ;w4 ■ 24 Jan v :A *3% •'. 29 4 Feb Jan 18% Aug "23% Deo ; ' 97% Feb Sep 11 Apr 22 Continental 3^ U 16% 100 A.vv 89 Apr 20 33/4 July 30 7 4 3/a Jan Inc 3,200 29% V., 6% 6% X 83 15% 17 \p" V"22 Va 100 *76; 12 3/a Dec- ; a 4 i Dec 7% Nov , 3,700 14%"\v 38 : 71%,;- 7% " . 33 105 1P%- ,99% , 1% "16% •« 80 ; 115 V; 10% •• 16i% 99 30 >- 17% 6% 9% Aug 15 ,;. Continental 150 2% 18% . V. 10%> 80 ' *9Va 105 , 18% 39 71 : ; 7 Va 71/4 • , 32% t-!; 93/4 105 4. ;^367/8 10 va 70% *9% v.,:. ' 32% *90/ 16., -v 30% 17l% y< : Dec > 18% Jan 30% < 13% 78 . 99 1% Vv, •> 115 10 Va ; Dec 214 Nov 29 Apr 1% Jan Continental Diamond Fibre- 176 11 /' 91/2 is v2 • 80 70 './> r 1041/2;": <<•*90 1% 78% 31% ; 7%- 104 Va 16% 30% 7% ' ' ■Xi ' 78 Va 70% 99 i 1% 9 - 9%; A 37 103/a ",,*98% 20 7; 11 65% July • 21% Mar 25 May 20 83 6 3% Jan 18% Dec Jan Jan 11% July ^ .... 9% 1 : 10% 313/a 115 (.*90,; : 37 Va : 7%' . *10114 .105 9% 78% 10 233/4 Jan 45/a May 13 pfd Continental 94%..- 16 37 Va 72 *9% ; 94% 16% / 22 74% Aug 19 preferred Continental Can 4,800 94Vi 12% Apr - 1 16% .10% ■ :v - <33 *713/4 Dee preferred conv 8 % 1,050 94% 18% •79 33 • , 8% 1,300 555/a 16% 18% 10% 10% : 914 19% f* 37 v Cuba 3,000 ' 37% 94 '• Deo ' ; Oct 37% 110 Dec 4 par 100 Continental Bak Co 200 94 v 8 Oct 1 104% 1 Deo Va Jun 7T/a ' 'r Vt-.f:/ ' A; 9V'4 > of 1,500 •> 14% 10% Oct. 100 7% , No par 8,600 14% 17 11 4-—_ 5 Corp 5,800 13% Dec Dec .No Corp Oil 5,200 .J 14 ,13% 7 Dec 19% 34 109% Dec 11% Apr 25 1 - 2,500 6,800 2% 96 105% Nov. 19 39% t tConsumers Pow $4.50 pfd— _No par Container Corp of America- ——25 9% *174% 27/a Mar 8 < Consolidation Coal Co 14,700 % 176 Laundries Consol RR 3,400 Vk *u 176 Aug 31 4% May ' 6 par -No par partic preferred Consol Consolidated 100 2% 16% ./> $2 500 5% % . 28% Dec 5 No —- 150 16 ; 94% 16% 16% of N $5 preierred Consol Film industries 400 2% Apr 16 % i£ Jan , ' 13% 95 Y 2,400 177% *\l 21% 2 Oct 44% Jan ; Corp—_ 46% 37 27 173/a Apr 29 /1% Jun 3 ; 100 Consol Edison > : 20 x55% 19 35 26 .<■' Jan Apr July 83 11 Va Oct ii i 82 Va 72 - 29% Dec- 32 ---100 Consol Coppermines 3,900 VV Dec 2 '7% May 12 -No par preferred- 11,700 5>UU 2% % prior 43,700 *176% 3 :> 2% 8Vs% , Dec Nov Jan 8 :_1 Z.> 15 i — ! ; share 47/a ' ' 27% ' *44 37% • 210 ;>:.4% 9% 47 58 *176% .-r- 0% *19 9% *44 57% : .1,000 42 27% > 19 9% 46% 36% \r Corp. Consolidated Cigar 7 % preferred par 43% 42 Va 64' 7 >21% July 31 No par . 2 Dec Jan 100% Mar 17 25 .No Consol Aircraft 25,600 r 27 • X41% 57% 2% Co__ Congoleum-Nairn Inc 13,600 < 97% 27 • 37% 176% C " '-,'V 16% 5 i>,' i *96 27 57 2% — 89 4% " • 37 176% Edison 6 Jan 843/4 Dec 30 91% Apr 29 20% Jan 2 • ' Conde Nast Pub Inc—-1— 4,000 • 36 %; -6% 27% *44 5 4% 9% 45 400 A--'. .,73/4 ■; 16% 97% 4% 18% 9% 45 47/a 42% 26% 19% 19% 91a 46 16% *96 4 ' 100 - ■ 43/4 89 96% 26% vViiii.' • Commonwealth 5% Jan No par No par —No par Commonwealth & Southern—No par $6 preferred series—"— No par .23,600 V "V" 1 7% *33 89 4% 26% • ■ 2% 7% ;7% 36 89 96% 6% »'• '■■■ 7 *4% : *33 88% 97 % 6% '.**<•.; rs 6% •4% *7% 36 88% 42% *15% preferred- conv 54 45% Jan: 1 1 S per 16% Jan 24 < $4.25 conv pf ser '35— Commercial Solvents 136,400 -{h ( —10 ' 4% 26% ' 10 32 7 3/4 4% 9% hi "iV 4% ™ fc 4%' *2% 16% V:' ai¬ 2% 7% 10,900 m 15% •9U A 42% 18 Va 90% 7 x; 4% *45 x90% 2% 42% 26% 4% 6% 36 • 903/4 15% 2% 42% • 4% 15% . 6% .4% :v 4% *42. 4% 90% hi 89 -r '88% 90% 14% 90% 4% :J.rn J' 10 *85 " 90 7% 6% ... 10 887/a 90 *96% 27 6% *85 " 6% 16% 97% .! 26% 10% • 9,800 T7 2% 88% 5 *96 % 4%% ' 15 • *33% ,7 161a *4% ,«93/4. :' ;.*'•' "-'j' 3 16 2% 7% 36 16 Va - Credit—! Comm'l Invest Trust— :■ ' ' 18%//';' 18 " " 7 -4% 89 89 *2% - 7% 7% ■ 9% 3 2% 7% 41a *7% v viv* v.-;/; 21% 6% is • 7 *4 % " 903/4 4% ' > , 88% iV ■ 2% .67/b .VVj.;/1'.' ■ 37%.;.;;; 21 163/4 14% hi 02 •2% —m- 9,600 : , 18 3% 16% 89% 91% *7% *2% 173/4 *85 V 15 91 7 V'C' 9% 36% 21% •2% 4% 15 20% 163A 93/4 903% 9% 37% 18% V; 88% 4% 41/2 •14% ' ; 109 V4 / 363/4 21 2% ' 10 9% *863% t •• - 18 163/4 *90 ! f : ;' 9% 16% 18 Va ,>/ . 89% *91 i Commercial 6,200 32% *107 16 Mar ■ ; Highest 8 per share 2% Nov 14 14 51 , Pictures-.No par $2.75 conv preferred———No par 300 , ' ■'! .. 105 32 109 9 Va ■" 37%. 20% 2 %•:"■•■: *2% ; V':' A ■ 21 18 88% ... 28% *102 323/4 *107 9% 37% 163% 10% *86 ; 39 20% 3 iV'" 28 VB - , 105 32% 109 9% ■ 18 89% 9% 36% 16% "2% *102 33 31% *106 » r. 18 , ! / 105 *100 32% 109 ' 9% 36 16% , 28% No ' *105 < 9%>. % 34% 107 32% 109 9% I 273/4 : *100 it • 30 % Sep 29 Sep par __iOO Co„_ V ear 1941 Lowest $ per share 4 Columbia Carbon ' *105 f„ ' preferred Columbian " 28 preterred series A 1,100 Sep 100 6% 5 ft . 390 ■ v .... 10 y4 *31 30% 28 V* 2,200 •' •■ 85 1 Range for Previous Lots Highest I per share No par ' ' 1 100- Share Lowest .'.•■■> Shares Ja anuary Range Since STOCK EXCHANGE . ■ 1% Monday, January 4, 1943 * 6% Jun Jan 10% July .117 Jan 2 136% Dec Nov 7 118% Dec 31 120 % Feb ,127 Deo 111% July 116 May 34 Jan 1643% Jan ' 32% , 33% 3% 147% *175 33% 3% 178% *35% 34 * 3% 3% 140% 148 147 Va *177 178% 36 35% 353A 13% 13% 13 y8 13% .. 32% 3% 147 *177 35% *13 30% 29% 10Va 10 Va 9% 10% 9% 1% 1% 13/4 1% 1% 32 V2 33 1% 32% 33% 148 178% 35% 35% 13 % 30% 1% 3% 178% 30 V2 1% 32% ' 33/8 148 30% 1% 33 rl3 • 303/8 29% 33%149% *23 2% 900 30 30 10% 10% IO3/8 1% 1% 1% 1 Va l'/a lVa 1% 23,900 33 33% 4,600 30% 30% 1,900 333/a 33% 303/4 30 3/8 30 3/a 34% 23 23% 23 23 46% 46 Va 463% 463% * 6ft cum 7 55 *54% 58 65 For footnotes 62% see 2 30% D^C 21 17% Dec 13 3/u Jan 10 Dec 3% Jan shares. Electric Power & Light $7 preferred 2,200 1,500 El Paso 600 Natural Gas Endicott Johnson 5ft — Jan 33% Jan 173/a Jan % Aug ' 2 1% Nov 4% Jan 35% Jan 23 27% Feb 39% Nov 323/4 Jan 23 23% Feb 36% Nov 29 26% .No % 2 Dec ' Jan 2 34% Nov 12 —3 19% Apr 24 26 3/a Feb 18 213/4 Dec 33 —50 _ Corp 393/4 Apr 1073/a Feb 27 49 Va Dec 31 39% Feb 47 Va 9 107% Nor par 100 16 52% 53% 53 53 53 553/s 500 55 % 55% 55% $5 preferred -No par 40 56% 60% 563/4 •600 61% 61 Va 62 $5% preferred -No par 46 62 623/4 460 $6 preferred— -No rfat par % 47% Apr 25 4,200 .No par Vs Dec 15 Service Equitable Office Bldg % 9 Apr 27 Apr 23 543/4 19 5 ..' 15 62% " Nay 21' 17 V4 preferred Engineers Public 1% Jan • -No par 2% 14,000 180 _No par -No par 2% page Sep 16 49% % 17% 28 23% % Feb ,9o Feb — Am 34 *51 14 Va 9% Dec Boat 57 54% "55 Jan 20% Jan Auto-Lite XThe) & Mus Ind % *53% *60 Jan 36% 5 Electric Elec 49 2% 182% Dec 15 23% 2% Apr 27 7 33% 2% Sep 160 Oct Electric 20 5% Jan 145% 11 24 2% Dec 2 4,500 —— Nov May 1% 120% May 36% Dec 311 49 110 19 Mar 28 34% *108% 151% Dec May 16 8,700 " 109 7 24 24 28 4% Nov 26 r49 108 Apr 34 170 $6 preferred Elec Storage Battery 34% par Dec 2 17 4 3,200 . 163/4 Apr 2% Jan 108 100 preferred 23 110 1 5 _No Eaton Manufacturing Co Edison Bros Stores Inc 1,600 l 30 ' 33 2% Mills (N J) 9% 1% 30 2% Rolling Eastman Kodak "P/4 10 33% 234 Eastern 1 Va 1 *108 Eastern Airlines Inc 1,900 60 13 32% 110 7,500 1,900 __ 36% 30% *108 ■ 1783/4 *174 12 5/8 33% 46 Va <-■ 149% 36% 30 110 .. . ...149% 13 32% 23% *4434 *108 ... 3% 36 33% 33%. 33 3% 1783/4 30 *29 32% 3%;..: 1 1% Apr 17 Apr 28 July 27 112 Oct 3Vs Jan 8 68 Jan 30 73 Jan 5 83 Jan •% Oct 2% Dec Dec 34% Aug July Sep 113 Oct 7 Jan 64% Dec 80 y4 69 Dec 17 74 V4 D*< 83% July 89% July 17 ft No-i % Apr Jan . - 13 CHRONICLE rHE COMMERCIAL & FINANCIAL Number 4139 157 Volume NEW YORK STOCK RECORD Monday Dec. 26 Dec. 28 I per 8% 8'/a ♦38 . *3% *6 3% 5% 231/2 : 6% 24 24 23% 35 V 35 . ' *84 34% i ;•/ 21 20% 7 7' ' / 87 ' * 79 ' 25% 34%. 21% 00A A *84% 7 22% 12% .14% *74% ; : 600 « 3% 15% 2,600 7;(>VY'FW--*7,7.. *%% .< Deo 23 2% Dec 27 30% Dec 42% Dec 10 75 Feb 75 414 Sep 18 1% Dec 7% Dec 15 4 Dec 28% Oct 13 21% Dec 1% Nov 10 A Deo Dec 10 70 2 23 15 Jan 31 93 90 . , 13% Dec 30 4% Feb 4 18 Va Jan 7 87 7% 29% 13% 87'/a 29% 9Vi Jan Not Feb 3% Jan 8% Jan 30% Jan . % Jan /' 45% Jan 24% Mar 7 13 100 26% 14% 4% Mar Jan July Jan Jan 27% Sep Dec 97% Jan 8% Deo 34% Feb 12% Deo 90 Dec 31% May 8% Dec 98 Dec 7 16% Dec 16 Sep 45% Sep 18% Jan 86 6 74'% Nov 20 Aug 7% Aug May Dec Dec Apr Dec 19% 8% 2% 14% 24% Jan 16 . / 32 Deo 16% Jun 6% Dec 37% Jan 16 29% Jan 29 8% Jan 57, 277/a Apr 28 19 Jun 30 . -20 preferred——-100 ponv 4% Oct Jan 4% Apr 24 20 May 20 par 10 23 10 1% Jan Jan I per share 10% Oct 2 70 Highest I per share 44 4 3% Jan ,2 6 Jun 22 par 77 69% Sep 10 __2 19% Dec 16 —5 ' 8 Apr 15.-No par 3 Jun 30 No par 11 Va Apr 28 »; Federal-Mogul Corp Federal Motor Truck— Federated Dept Stores 1,500 •-•7 80 *77 79 *74 79 7 13% 3% • ■ 15 14% Fairbanks Morse & Co— No Fajardo Sug Co of Pr Rico Federal Light & Traction--" $6 preferred—No Federal Min & Smelt Co— 1,100 14% 3% 3% . ! ; ; 21 13% 13% • 3% ) 15 90 7 21 /13% 12% f • I," 4% Jun 32% Jun $2.50 Exchange Buffet Corp 1,900 2,600 2,100 <• f , > 6% *84% ■ 20% 20 3Va 90 20% 20 • 6%"' 6%;, > 700 34%: 22 7 — — ' 34%,. 6%7 800 2,700 2,600 7 „: —. __ ft *84% ' 79 *75 .. 4.^ 6 2414 A- A :, 21% 15% 14% 45% 15 *75 5% 6 24 ■/&:■ a. I per share . _ ', .•:• 34 • ' % .— 3% 34% 3% 3% 3% 3% 5% 23% ft 72 3% , 22. • •: 6% ;■ 12% 7 12 '12 11% 614 23% *69 3% 21,400 . 7.7 " 3,800 .77^777 Year 1941 Highest I per share ■Par 1 tErle RR common— No par Ctfs of benef lnt No par 5% pref series A——100 Erie & Pitts RR Co— — 50 Eureka Vacuum 'Cleaner—;-——5 Evans Products Co !——: 5 Ex-Cell-O Corp 3 3,000 ■ t 6% ■ 20% V Range for Previoua Lowest Lowest ; Vi:7 34 / • 6% 1- , Shares *• .8% 40% 20% . 20% 7 20 20% 8% 814 72 - 3% 3% 23% 34% - 6% *84% 87 < *20 ■ 20%: v 7|/' 7 *69 77:/&, i'V 7,;>U. $ per share , , 6 6% share 814 the Week Jan. I On Basis NEW YORK STOCK EXCHANGE gales for Friday 39% 8 40% 39% 72 3% 3% < I per . 8% 8 39 *69 72 "69 ,72 3% 3Va 8 38% 39 38% 39 Vs *69 7% . , Dec. 31 share, $ per •, •„ 8% 8% 8 8 Vav J per share j. , 814 77/a 8 7% , Dec. 29 I per share share .f Thursday Dec. 30 Range Since January 1 of 100-Share Lota STOCKS ■ LOW AND HIGH SALE PRICES Wednesday Tuesday Saturday 14% Dec 12 J *13 7' : ♦16% *104'% 30% 30% 30% 16% 15% 16% 15% *98'% 100% *98% 100% ,25% 26% 25% 25% *19% 20 *40% - 9% .7*16 3% 29% 9% 7 7.9% 9% 40% r40% 40% 40%' 7 45 45* A *41 50 35% 35% 35% 77' 17% 17% >35% 7/i7 36, 17% 94% 94% *94 *9414 97 7 7 19% 19% 2% 6% *101 9Va 9 63/a v7;' 5% 4% "*4% 4% 7 4% . 7'7 ,71 130 >: 12,800 7% 4% 5% ' 69.7 , 20% 20% 127 7 130 29% 30% 4%- 5,800 3,100 7% 7 70 V2" 20% . 72 " "1,070 :1,300 20% 7 130% 130% . 77 ' 240 29% 3p% 30% 30% 53,700 General Electric Co 34%. 3$% *112% 114 7 35% 36% .4,900 ; 1 7 V7 *112% 116 *112% 7 7 71% *93 ..v 99 - 35% -34% - : , 116 • 7112% 112% 1 44% 43% 7; 127 127 :1277- 127 ; 7 *93 i 16% ■ *2 2% v 14% 127 i'V A 31% is3* 16 : 57 . 5 57 42% *41% 4% %'■«•' 60 Va . 15.% 4 5/a ,':4Ya' v."-; 5 ■77v7 5 7 41 II -' *75% 777% > 26 3,700 ••/77WrA-y'VrV / > - , ' . 7 ■ZfyAViV,■' / ' *1 ' 77-7 . 104 Sep Deo 55 J an 2 5% Nov 10 3 Va Deo Dec 21 Apr 140 28 18 10 2 Dec 14 6% Dec 15% Jan 28 90 V* Feb 4 73 % Feb 97 Sep *16 Dec 22 118 > Dec 130% Apr Dec 35 Va Jan 21% Nov 25 Nov 27 132 29 Apr 23% Apr ,24 29 61 3,400 y •7 c',' 122 Apr 10. 13% Aug 317 General 3% Sep Gillette $5 7' $6 14% NOV 4%% 500 conv ' T3* * 7Va •"'-': 73/4 j ' « 31% 7> 15 ♦ 15" "7' * 23 ' 14% 14% 14 *82 » 10% 1 ' • 7 %: *'4Va- 4,V* Jan 13 16 V* 7%-.; 4%' •> 8Va / ■■"7% 24% '14% 15 V*. "14% • f 7% 7"7:" r3r ■ > 21/* 82 1 3% 22% • '5 33/4 137% " - 65 31% ' ' 14 *10% 138 "•*55 31% •14 Va 11% ' 14 2% No par 50 *11' 11 Va 10% 10% 10% 2% 2% < 3%' 84' 84 -J 3,000 - r '2,400 139 Va 16 5 Jan 65 *55 32 13 Dec 22 Jun 102 Mar 112 Dec 6% Dec 714% July Nov 20 2 Ve May Nov 25 Jan 20 65% Jan 27 «" 14 • <1 ■" '1,100 r 61 ■, 57/s Apr 28 84 11 Va ••--■10% * -10%; 10% 2 Va *82 • - 2% 60 Feb 74% 11 Dec 17 Ye Sep 35 Dec 46 Jan 15 % Jan 30 23/a Jan ; ( 25 24% 25 25 •;•/• 3% 3% 33/4 3% 25% 25% 25% 25% 82 2 27 Dec *2,255 . Dec 83% Dec 16 2 27 Dec 26 10 Dec 90% Dec 2 59 Dec 47/B NOV 30 1 Jun 7 81% Dec 14 25 Jun ; , Oct 20% Sep 90 . Jan . 68% Now 7 Sep .2 1 % Nov 2 % Dec « Sep 10 5V2 Jan 9 3Va Dec 63/8 Jan 3 8 3/* Dec 3 6% Dee 13Y* Jan . 9% Nov 6 5 Dec 123/* Nov 28 28 Dec 36% 23 Mar 25% Jan 6 Mar 6 / Apr 25 32 t22V» May ;4 23 July 23 13% Dec 5 —100 & West RR—^ Co Inc__ 25% Feb Apr 24 — 1—— —No '10 27 63 197/a 7 Vs Nov 42 3 14% Dec 4 11%" Aug 31- Mar 31 9 Va May 20 14% Jan 37/& Jan '483/4 Jan 86 2 1 2% Jun 18 * Jun ;3 ; 2 Sep 4% Oct 26 , 24 ' 33% Oct 23 : Jan 28% July July 144% Aug Dec Dec 54 Mar .36% 14% • Sep Sep Apr Jun Dec 18% IV* Feb - 11% 10% : 13 Jan,. 18% Nov 10Va : Jan ■ 7 28 9%May , 29 1 Dec 29% May . 0 l8/a May 22 1V» Jan 18V*.; Dec . 135 33 Va Jan - 1 par , 14 Jan 143 July 16 , 27 28% Jan 27 Apr 21 50 . :-25 (H L) 12% 18% Oct 22'% Apr 28 130 " Feb 25 /193/4 Jun 22 ._No par . 7.3% July Jan x58 100 : Nov 743/4 Apr l%Jan 20 preferred- preferred 11% 54 8 Jan Jan 21 Ya 1 26 2 - 4 100 % preferred——-—_. Gulf Mobile & Ohio RR—. —No par $5 2Ye' Sep 91 Dec 10% Jan 56 Col——— •:,' 8 2,800 . ~ix Preferred ■ Dec 2 i80 Oct 2% Jan Dec 7 60 Va Jan 7 20 > 18 Jan Guantanamo Sugar——__ —No par 1,000 84 3 3/4 25% Nov 13 • Great Western Sugar- • *24% 73 77/7A 29 Feb 13 5,900 J : Sep 4 44 ,1,400 , . Sep 9% 24 16 2 ,* 10 Va Apr 25 6,100 Dec Oct 4 Greyhound Corp; (The) 1— .—No par 1_ —10 5% V conv preferred 1.1 Grumman Aircraft Corp—. 14% 4% Dec 54 34 Va May 7 Feb May V* Jun Gr Nor" Iron Ore Prop- Green 4% 1% July 28 preferred'—v—r—- Green Bay; . 32 , Aug 24 ' Grand Union w div ctfs— Granite" City Steel/.——— Great Northern Sep.- 24 >Deo 18 8 Granby Consol M S Si P— 60 15,600 7 80 Va 28 37% Jan 50 " ,'2% *81 >v 3% —/ ' 23 V* . Jan Jan Feb 12% Sep Graham-Paige Motors 5% Jan 11% 46% 5% ' ' Deo 29% Dec ' (Adolf)—— Grant (W T) 25 Dec 8 Va 16 3/* Dec X40% Mar 31 Goebel Brewing Co— 300 : "*137 Va 31% 2% ' t 23% 23% 14% : 3,300 .200 ■• •:77 7 22% 65 313/4 J —1 22% 138 10% 105a 82 137% *55 143/8 23 Va 23 "15 , . '7. •' ' 21% / 22% , -, - 31 3,300 ,1,900 —; . '*24V*' "24% ' ■ 7 13,300 ; _-/•>,'' L *24% *31 —< Apr 14 157/a Dec 2 - Jan % July V* Nov 7 110 12 3 Jan 106 Va 5 20 May 21 21 Jan 16 Va Jun 9 79%Jan 19 12 Va Jan Dec 98 V* x Feb 10 101% Sep —1 —.—1 Gold & Stock Telegraph Co_ 100 Goodrich Co (B F) No par 5 ft preferred—--— —No par Goodyear Tire &. Rubb_^ No par $5 conv preferred No par Gotham Hosiery—: —.—No par Preferred ——^—100 Gobel 7% Jan 110% Nov Nov 19 % Jan 13% Mar 30 — - . 31% 7 77. 7% 900 /-v;' 72 7% 31% 11 10% ; •' .7 84% 3% r *11' ' 2% 4': 82 % •;24V2«24% '..'14% 14% /• .21 • 213/8 23 Va 138 31% 11% ,*.73/4 .7 ; 10,600 UAVAV 4 :> *80 - ' 31% * : 60 31% > 82 , '* •v , } A ■: .-800': >' 90 Va 7% I 21% *55 60 31% 2% 4'i/a 7; —7.7;7 700 77 ' { v - 11,100 85 7 89 3% H":- 4' r31% V 15 -V 7 10 Va ye, 4Va : -IV 7% 7%..' 24%, 21% *137 111 Ve 4 . 7%: " / '14%,; 22% ' *80 ;. io " 25% 25% ' T' • ifi-. " ' 137% • 4Va *81% .; 7 ; 26%; 26% : 4V,: .13. : 31% 22% ' 90 4,800 1,700 77% 7, "•74 26 77*80 J; / 82. % ;• 4Va *. 137 % *55 ' 85 25% *88 Va 90 / —- •• V 21% , *24 V* 24% 21% J <.31 rf *24% n ; .*88%: W: 4 81% 77 7.. 4 Va ■ 8Va " V 4 Ve 3% *80 ' 7% "7 *81% :25 V*.' 26, .. 713/4 j3/4 26% / Deo s« 7 31 % Nov 16 Mar 11 4 preferred—— % Oct V* Mar 26 No par No par (The)—— ~4% 9 7% 4Ya Jan 105 % May 5 11 \ Mar 48 Sep ' 107 % Jun 5 preferred— Glidden Co Aug 3 % Jan 27 20 Gimbel Brothers—- 127% Dec 2 /' 7. 14% Apr 28 8% May 27 —No par No par Safety Razor preferred conv Dec 31 Apr 23 65% Jun Sep Jan Jan 3 53/4 Jan 10% Apr 23 91 132% 2.7 % 109% May 13 2 101 Nov 104 48% 0 i3B Jan : 42% Sep Aug 7,1% Nov 117% Dec 3 , 14% Nov 17 99% Aug 25 —No par Co Jan 3 Va Jan 10% Mar 11 —100 & Rubber Tire 30 Oct 121% 128 7 July 29 1% May 13 6% Jan 28% ' 17 Corp 78% July. .'Dec 125 10 44% Dec 31 2 Jan 38 , ^ 131% Feb 10 Jan / V*- Jan •. 9 Oct 20 87 , 15/ Jan 102 29 30 ; 1% Jan , : Apr 112Va' Jan 116% July 24' % May 13 Mar; 25 122 33%,Feb ; 5 40% Jan „ 111 V* Apr : 64% Apr 243/* 30% Oct 21 21% Apr 28 Gen Steel Cast $6 preferred—No par • Telephone Mar 3% Oct Service--—.——10c preferred— July 5 9% Jan Sep ■i* - *, 6 % 144 Dec 4% Dec • 1 .———No par Gen Time Instru Corp Jan Dec 2% 115 16 X Railway Signal- General 7 V* 11h 2% July 31 > , No par 0% preferred —100 Gen Realty & Utilities -1 $6 pref opt div series——No par 400 7 % .. 77% -26% 81/7: 79 Va 88% v 4% *31% 81V* 26 3/*. *74, 26% 26 Va 26 / ; 77 12/,;;%. ; 6,300 100 13,500 / 7777/777■>, 'W 77. —7;,7w7:' *40 Y4 .42 1% 1% /,75% ,75'/2 , : 88% 4 1% ' *78 '• 27 '"7 80% 81% m' • * 7:7 :/■ vY',77 57 714% '/.;■:: 14% Si: fx 1% 77% *75 27 "" ::l% 26% 27 ; ' * 26% *80 iH " 771Pi!2 v' 3,200 77777 500 ' . 7.7/. 7 Oct Jun 39% General Refractories———No par- 710 5% 5 120 100 General Shoe Corp..——i— 12% July 53 Ya May 16 104 v.: .••■r- f 100 Mar ' 7 16% Apr 25 par 4,900 •:;'>„^- 5% 43/4 ' . 14% 42 _—. "7- 77^-1-/777:^/7 :4%' ■::7;; 57 ■/ 57 . " 8 Jan Equip Corp Ink— preferred $6 Gen Public 12,700 .;-7'7:77, 7-, 7:777:7 ■' 60% *59 5 *56 3/4 77 42 ■• - 14 V* ' 7; ,7.7 13Ya 7' *40% — 15% 4% 61 *59 56% 7 14 V* 15 Va • ici 5 V* Mar 46% Feb Common Gen 77 v5,7 —-4;:7 7-7:; ; 15 Apr 6 66 % Nov preferred—:.—— A——No par /» / No par $5 ' Gen Precision 109 „r' / General Printing "H 16Ya 15 Jan 4 Sep Dec Apr 12% Sep 12 100 1,900 16% De c 47% 9 Sep 6% Sep Gtn Outdoor Adv 2,200 iiV 77-_;'7/> *106 15% 109 8% 30 2 100 —10 No par General Motors Corp.— 2,100 ' 31 • 1 4»a 47/s: . 15, *106/ .77 15% v: :7:7; 77 7/7-v' .'•77-7- ;■ 7 60 20 Dec 7% Nov 25 Jun Nov Mar 11 - No par A-No par.: preferred——-. " ; * "16% ' ' 59% , 716%/ 16 Va /;:■ 7 60 56 Ya - 41% 59'/a 15% 60 I43/4 7 41 60%. IS3/* 57 ':>/13 Ya 10 16% 60% 7/7 5 >7 14% 14% 4% •' 10 16Va ; 5% 7,900 loo 10 10 15 Vs 7 A 16 10% Feb 13 106 —No par 2,400 V 7 ,7 : 7'■ 1 106" 31 15 Ya *15% " ifi(> 31 Yd 7—7 ; 32 7 ,7 --.777-77,- , 12% *104% 106 7'777W15 Ya *106": 109 7■" '■ v ' *59% .5 >77;7 4% *56% 7,15 Ya • !i2 12Ya 12% ■ 58% ; ; ; ■777.4%/ 61 *1043/4 ;>:■ 4% 104Yi. : 7 1,900 .7' ' 1,800 . 2% TV * 12 Ya '• ■; 16 9% - / 109 15% 4% ;• /; 16% , " 43,500 . 14% 31% 7, 7*30% 15% / 16% *15 *106 15% ,7 7 60% 16% 16 V* 108% 106 7*30 V* . .10 59Ya ■ *15 *59% . 7*- /■' v 16 9% *16%, 163i '774% . 2% 14% 7 43/a 'TV77 4% 104%: 7/*103 •4% *103 12Ya *104% U 31% IS3/* 9% >761.7/ 15% , 7- 2% A ' ' *30 V* *106 7 7. 4% 103 3/b 12% 106 fo , . ; 9%. 61 4 7 4,000 16%" 16% . 14% 14% 14% 103% 123% *1043/4 *30% ..V.-7 2 77 .127%" 1273/4 16% 2 7 44%: V":",' ;100 23 53 Feb 3% Jan No par No par General Mills. 20 13 2% 2% 35 —No par $6 conv preferred series 400 Jan 2 3% Apr — $4.50 preferred—— Gen Gas & Electric A— 12 3% Oct " 130% >'^44% V 127 16% 7 :'i'v iV:/:/ 106 "104% -7" -7.: 4% 16% : .14% 103Ya .7 123/* 123* 12% '•• 7; 47* 103% 103% A "102% ;/ 143/4 14% ■-■A 4 2 2% 2 7 14% .16% 44% ,JS5 44 '4 127 V<':127 V* 7,7 ; 177 ,16% 8,300 V •' 85,-7 *128 130%' *128 • *16 7*83% 86.: 200 98 >7 7 *93 ' -" 98 7 - 85: 7; 7 1% 77 T%' 1% 1% ;- 1% 85% 85% ;,128% 128 Vat, 43% .7 44Va 44% ;44 7 - ■ '987 *93 „ 130% *128, , 1% /. 85 85 130% *128% *112% > 1% ."71% V *93 98 85 i ,.♦83% 34% 115 % 34 . Ar ' General Foods Corp— 30% -} : 7 - Deo 1% 3 98 •>;■•• 35 . 1% 3 Jan 9% Nov par preferredGeneral Cigar Inc—i-——.—No 7 " 7% preferred— — 129% 1 2% Jan 3 par- No Deo 2% Sep • -No cum 129% 18 93% Deo 22 8% Apr 17 51 par —5 General Cable COrp-—7 ". Class A————— t7% 3 Nov 10 Jan 41 July 23% July 99 Aug 32% May 3 Jan 21 : -No General Bronze Corp__-— Jan May 8 —5 preferred—, $8 30 * 2,000 - 2% 2%v no 20% General Baking—- •>;<■ 142 7 Vs 7% 70% 5% 43/e 2 %" v 769 6,000 37% .7 —- Deo 46 36 28 7 Deo 13% Jan 32% Sep 20% Jan 9 May 27 97 6% Apr _No par 7 "Jan 35 — 2% July 10 preferred — —.5 Gaylord Container Corp— .—50 3%% conv preferred—— 25% Apr 132 May Sep 16 par < 105 Feb —— • 19 6 Nov 2% Feb 21 17 11 8 5f# Gen Amer Investors-—— 3 26 Jan Jan July 33% Jan Jun Deo 24 May 9% Deo 38% Jan v 105 42% 16% 103 3% Dec 21 9 7 l%,Jun 23 7 $6 preferred——— —No par —5 Gen Amer Transportation- " ,137 7 .20% . 3,500 ^ 100 V 17% Dee 5 19 30 45 85% Apr 10 6,000 104 9 3 18 15 10% Feb 8 1% Jan 28 28 5% Jan 13 27 Apr 29 15% Apr 24 w—1 Wood Industries Inc__ Gar Oct 38 Dec Dec Nov Feb Dec Jan 36% Mar 11% Jan 42 Dec 12% Jan 136 Nov 18% Nov 78% Sep 30 27% Mar 14 9% Apr 28 114 May 28 14% Sep 26 5 Jun 13 -.20 (The)—— -No J 4% •' 2 V* n7/,: 6% -100 - 6% 6% 5% .:>4%. ^ 54 36% 139 7;7/ 300 9% 9% 6101 % s. 600 8 Aug 28 —No par 1 (The) cl A(Robert) Co 21% Feb May 22 100 preferred—7 6% Apr 21 43% 26% 105 39% 16% 96% —1 Inc Gamewell 180 "I 3 V* 36% 5% ;i> 2% 130 • 9 - —10 — preferred—— conv Gair Co 19% *51 6% 139 2% 20% 29% 5% 4% 71% 30% 77.. 30% 5 139 7% 70% 130 7 130 •. 5% ' .20 y4 20% > 20% : -71 . " - 5% Gabriel Co - 7; 7 - 102 35% 7/ 2% 7% •/" '7% 7!>.;•'.> •* 7% ?"'/ 7% 6% 36 7 8% rl02 77 2% 77:7 v 2% 7 2% 53 Freeport Sulphur Co Co— ^Truehauf Trailer. 30 '5,500 77>300 7*7% -9% 53 7 77 6% *137 ' • /'/' 7% 7». *9% 7 103 35% •• 140 *137 7 , 2,000 ./1,000 9 3 7: 9% *101% 5% 5% :1 ' 7 '7,,/ 1% ■>• 19% 3% -2,200 , 77 7:77v': 2% 1% 19% 2% 35% *1% 9 *19 ■ . 52 6% 37 140 7 • 93 >/■ 7; 17% 93 1% 1% *8% 7% 7- *48 103 5% 7 3 9% -7 52 7 37% 77 *:• 35% 36% 1% 19% 7% 9% v 7 101% 103 ' *137 • 9% 52 6% . 1% '7 30 • 8% *7% 8% , >, 7 8% 2% >1 *9Va 17 v 19% 2% . 2,900 \ 35%. 94 1% 8% 9 *8% 3 *7% 749 7'.' 1% 50 18 ■ Foster-Wheeler——. —10 $7 conv preferred -.—No par 6% prior preferred—— 25 Francisco Sugar Co— No par F'k'n Simon Si Co Inc 7% pfd 100 77; 77-2:7'' , ,7. 17% y"900 3,500 — 7 '7„:7 7 7 36 - 10 *41 7 '17-. ■: 1% 1% 7 , 6 / 7 94 ■■•/ 5% 7 ;•■*•• •' 17 50 35% 7 17% 97 19 *27/e 7 1% >7 1% 9% 19 7'., >'■7 2 1% ;. 1% *8% 7 - 7, 2 77 *1% '-•/ 1% 7:v, 7- •/ 2,500 136 *16% 140, : . 40%V; 9% •132 . 5% "'V 5% *41 *35% 45 17 *16% 17 7:'17% 7' 45 ■ No par Follansbee Steel Corp„„— 10 5% conv preferred — 100 Food Fair Stores Inc——-1 Food Machinery Corp.-——^—10 71,400 27% Dec 21 28 \ Mar 27 3 No par — Florshelm Shoe class A— 200 f: . ;v ; 9% Florence Stove Co Apr Apr Jan Apr Apr Jan May 15 Flintkote Co il l,300. ''•• : '' /> 5% 5% ;' 3% 7: 9% 7/ 40% 136 *132 132 *16 5% <7 21 29 3 27 30 2 14 86 No par (The)— .No par $4.50 preferred----—-No par First National Stores. 777 77.v;:;i—V. 30% 30 7 10 9% 10 9% *122 ' V. 19% 3% 3% 29% 9% 17 *16 4. 5% , 100 2,400 7,000 7 16- 19% 3% 29% 9% 132 *122 5% " 30% • *98% 100% • 26 7 26% ; v. 20 *19% 3% 29% ' . 9% 40% 741 V.'V: 17 - *5% :/ .., 3% 30% '7/ 9% 132 . 9% , • 9% • 20 3% . > 26% *19% 41 *122 100% 20% *29 7 9% 9% 106 • *98 , " 10,700 104% 30% 15% 30 % • 26% 104% 105% 30 3% 30% 16% 16% 105 7 ' 1,200 43%: * Ferro Enamel Corp—/. —_1 Fidel Phen Fire Ins N Y—$2.50 Firestone Tire & Rubber 10 6% preferred series A —100 2,800 " " 26% 25% 31% 20 *3% *104% 43% 43 X43 .. 16% 27 *19% 26 % 30% 100% *26% 43% -24% 26% 13% 13 13% 13 ■;> • 1614 *98% ; '43 > 43% *103% 31% 31% .13% - 1 105 f10314 ' 25% 43 25% 24% , 13 13% 713% 43 •-*42% V V 13% Sep 3 % July Dec 55 Jan 1% Feb 4 V* Aug 9 7. Feb 233% Dec Deo 33 Jan Feb 38 Mar 16'/% H ' -"i- *22%:.7.23% 24% ♦22%. 22%. ■ 22% *22 37 Va *35 23% *22%- 23% • 38 *35 100 - *35 ,37 *35 *11% 11" 12 *8% 9% *100% 102 For 37 11% *35 11% 11% 11% 11% *8y8; 11% 9 Va 8% 8% - 113/* 38 11% 1,200 Water--—:— preferred class A Haekensaek 7 %■ Hall Printing Co ' '*83/4,' - footnotes *100% see 9% page ' 102 19 100 3/a 102 *100 Va 102- 9 102 9Va 102 " 500 10 Hamilton Watch* Co. - 1% preferred. ;i 19% May —25 -125 -10 ——No par 100 2l> 25- 11 35 8% Mar 16 13 *29; 8' * 95 Apr Jun 25 Mar 11 Feb Dec 11 14 23% 7 33 Jan Aug 22 8% Dec 11% Nov 12 8 Ye Dec IS Jan Dec IOS July 106% Feb 7 102 . * ■ f THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK STOCK RECORD LOW AND Saturday *100 102 13% *100 7% *6% 1% 1.% 1% 8% //'■• ' 8% *56 157 *150 13134 12% y 73%. *132 ' 134 45 45 101 *150 *132 14% :;v 14% 14% 12%: 12 Va 74 74 47% 101 14% 16% 28% •y *15% 16% 28% 28% 28% - 7 *6% 13 vy ." V,.,.-12% 7 *12% 115 *113 .-■• *13%. 34% 37% *13% 16% *15% 287e 12% 33 14 Va 6% *113 32% . 99% 15% 13 37% 32% *48% 28% 37% 6% 13 • 6% 13 31% 32% 32 600 , ; —.y ' V?.- 400. yyyy 100, _y'v y.; 6% 31% 1,100 '• e% 93A 9% *43 44% *105% 108 *34 9%: 43 Va. 9% 43 ''a *33% '•■:■' 93,4 43 108 *105% 36 31% 9% 44 *105% 9% x44 108 *33 y4 35%.. ;■ :■ ■ — 9% 44 *105% 35%. '..• 10Va *43 . 108 : .:1 '• 108 '• V /' : Class 3,700 > ■ .. • 500 3% 3Va 3% 31% 31% 3 % *4 31 23% 23 VB 4 Va 4% 4% % % 5'« 8 Va 8 18% 18 % 36% *3% 10 V'2 10% 12% ,'13% 4% % 8 Va 18'A 37 10 Va 10% 12 Va 10% 13 % 33 Va .34 % 11 Va 12 12 32% *87% 88% 87 88 86 163 % 163 Va ■161 168 *161 63 Ve 63 Va 63% 10 Va *6% 108% ft ft 3% 136 86 85 86 •; 168 *161 168 V 10 63 10 10 10 6,900 Inspiration Cons Copper— 1,000 400 Insuranshares Ctfs Inc—_» Intercheinical Corp 108% '107 y 7 y. •■ y ',7' 5% 6 148% 149 59% ■/> 11% 55 Va 55 Va 3% 334 28 Va -y- 29% 11% . . 55% r 3% 13' 59%. 8 Va 9% 3% 29 8 y 3% 3% 3% 3% 39 % 39 % *39'A 40% *39 Va 40% *39% 40 Va 40% 27% 27% 27% 27% 27% 36'A 36 3Va 39 V4 Va : 36 V4 *99% 28 3% vyy^y y:^> 1(" y 8 y ■ 8% 44% 3% y, ; 46% i'38 : .•••."•' V;v:r/ • ' 6% 6% 6% 63a 6% 7Va 6?a 6% 6Va 9% 9% 9% 38% 9 94 27 135 94 ,y *92% 10% *9% 137 10% 10% :92% 102 Va 35 "99% : *135 110 6% 10 9 94 5K 27 10% 27 ' ly ( • *10 27% *26% *96 98 71% 127 19% 19% 54 64 64 ; 98 70% *125% 53% *8% 26% 71% 127 r 63 63 Va 8 Va 27 8Va 9Va 27 Va 27% : •100 , 30,600 70% 7,300 % v; 2,200 yy- 10% -; . . 4 _'/(yj',—J*1-:/- *125% 127 Dept Stores.. 18 "2 19% 19 Va 19% 54 54% 54 % 64 .yy". 64 *'■ 8 Va 8% . • *54 ; 1,300 63 % 8% 0% ,■ '1-' j ' ^ -^^ >.<*'' Jewel Tea - 4% % 1- v, • •" ■ / 123 53s 5% *19% 20 V2 *7% y *83 8 84 *10% 11 *103% 110 *14 ■: 14% 8V4 8% *103 104 28 28% 13% '120 13% 123 5% 5% 19% 19% 7% 7% 83 83 ' '• 10% 103 10% 110 14% 8 8% 104 27 Va 5 19% *14% 15 *25 25% 2 V 25 *13A 81% 35 35% 35 35 18% 18% 18% 18% y !.//;• y V preferred:—- 14 Va 8 700 1,400 • 27% io4- yy *82'A ' V 1,900 'L-- 10 5,500 . ii;.''/.y y y.-, • - • \'l :-7y y 800 -J- If-yy 900 84 14 : 11 107 14 »A ■-/, *10% ;•• -14% 14% 8% 8% 8 l/a •>• 103% 103% 28% 15 y; 15 *25 26% 1% 1% 1% *34% 35% 34% 18% 18% 18% *103 - 2'A 2% 22% 22% 26 2% 23. *2% 105 : y.— ; yv 1%' *34% - 18% •y -y, .. f 1% 22 % 223/4 26% 27% 27 27 Va 100 122 y?'../•■ • yy,: — ■ 6,600 ; y „.■■■;./■ '••• •', —; //'— 50 800 1,500 v 3.400 - *9% 10 34 34 34 34 35 17% 17% 33% 33% 17% 17% 120 17% 17% 17% 17% 11% 11% 3,100 11'A *26% 27 108 *2% 11 •27 20 % 20% *105% 11 *11 27% 20 20 27% 19% 107% 107% 2% 2% 2% % % % % *11% 12 *24% 24% *14. 14% '106 2% 1 9% 9% *11% 9% 27% 27% 28 20% 20 3A 20 20% 2% *106 V 2% 108% *106 1,200 108% 100 2% 2% 4,400 1« % 6,600 2,200 11 11% 11 Va 11% 11% 11% 24% 24% 24 24% 24% 24% 24% 25 *13% . 2% 11% 14 ,1,700 % % u 50 200 28 20 y2 11 Va 14 , 12% 27% 108 y2 1,800 14 25 26% 14 Va *26% 26% 14 % 25% 26 Va *13% 14% 300 32% 33% 25% 33% 25% 33% 32 33 Va *24% 26% -1,100 4% 4% 434 32% 32% 32% 5,800 4% 4% For footnotes see 5 page 4% 19 5 32% 4% 8 Jan j 9J/2 July 20% May 85% Dec 18 Feb 29% July 111'/a Jan 161 Jan Sep Dec 90% Jan 14 8'/» Dec 13% Jan 5 6 Feb 7% 27 19 Dec 107 July "4 3 9 3% Sep Sep 113% Jan 27 Feb 8 Dec Jan 14 6 Dec 11% 5 140 May 167% 26 Dec July 166 42% 9 % Jan 12!/2Jan Dec 57 Jun 150 19 12 y4 Dec 170 Jan- Jan July Jan 21 57 > 19 Cv; 5 % Dec 9 Dec 6J/a 4lANov 21 30% Oct 136 '• Jan > 61 : Apr 1% Dec * Kan Dec May Feb City P & L pf 15 May 20 7 7% Aug 13 Furn——-ilO 7 ser 1 B—No par 5., Feb 10 117 Mar 17 2% Jan 2 16 May 26 par-. ,20 >104 Vb Oct 10% v t 51!A Dec I Va Apr 32% May 38% Feb 26 v 15 25% Feb Jan 95 / Dec 6 138 14 Feb 98 Feb 124 134% Apr , , 10% NOV 9 33% Jan 5 31% Dec 44 Ji 5 107% Deo Hll% D '49% Deo 71% S 8% 73% Dec '18 129 U 24% • Nov 100 May 0 2 26% Jun '11% Apr 9 >24.% Jun 25 12,700 preferred 1% Jan -i.'.^^No par > \, fi , 30y2 Sep '4 17 Mar 31 2y«Jun 15 (S H) .& Cp._:UNo par ; 19'% May 7 Bak_„— .No par '■> ,' 22 % Apr 29 Co St Louis 100 (The) ,——.No par & 7% Apr 29 100 — Bryant————.No Rubber Tire. 21 '/2 Apr liy2 Jan . Lehman Corp (The) Lehn & Fink Prod Corp 50 No par 50 .-1 ——5 ; —No par : Libbey Owens Ford Gl ; No Libby McNeill & Libby._-._i par 7 2 15 V2 Apr 15 18J/2 May 29 . tLehigh Valley RR__r Lehigh Valley .Coal—— 6% conv preferred 24 • 8% Mar 17 par —5 Lehigh Portland Cement— 25 : 4% conv preferred —100 Lerner Stores Corp 14 . - 4 122 :•; Nov 128 -y.-F 16% Dec 27% Ju •59 Oct 79% Jan 3 64 V» Dec Jan 20 8% : 67 Deo II Oct 26 •y; 16 7% Oct 9 Dec. 14 s i- ■ 13% Pec 29 100%. Jan A1 86% Ju . yyviy-vv: :>vvv.;fv;y 124 Ji Jan :3 Jan:.. 6 64 Dec 13 4% ..Deo xll6% vv . :y > 2- 1?% Jan 121 Va Mar Jun Dec 6 Aug 22% Aug 14% Aug 13 Va Dec 9% Dec ■lOp Mar v/y 6% Dec 104'A Jan 121% 3r y. 95 Dec yy 9% Dec 17 4% Dec 98% Feb 9 Aug 18 Apr ..Jan 8% Jan ' A Kresge (S S) Co.— 10 ;I Kresge Dept Stores::-——:,.—„yl ; Lee Augy Aug 107% Jan 14% Dec Lane 33% 'I ,!'M- '' • 24 Lt t Sep 9% Aug 26% Dec 5 Nov Feb 87 7 15 32% Jan , 5% - ;;/Jan 12 11 30 preferred. Oct Sep Sep Sep 11% 8ep 5% 104 y, 3% 103 % Dec 6 ■ Laclede Gas Oct iw 3% 100 81% Dec 29 Kayser (J) & Co.— :-5. : .; 7 Jan; 7 Keith-Albee-Orpheura preferred. 100 ;'i' 93'/2 July 23 Kelsey Hayes Wh'l conv pi A——1 T \. 10%, Apr 24 Class i B_ -.1 4% Jan 9 Lambert Co 49 Dec 9 Kroger Grocery Oct ■ 31% Jan* Dec 5 Kress Oct 49 1% 29% Nov prior Sep 1% 11% Feb $5 Sep Jun 2% 48% / 7'/» Nov 21 10'A Nov 9 17 pfi Sep v Jan 73% -■ May 95 . 31% 7% Nov 28 , 100 Kaufmann Dept Stores — 5% conv'-preferred--— Kendall Co $6 pt July 131 46% Jan 30 48'A Feb 13 5; 32 Feb 5 '..39'/a.Oct 16 /yyy/v'v: vi Kansas City Southern—.No 4% preferred.:::.:.— 4 23 125 . Jan 13% Nov 9 , 9 ; Kalamazoo .Stove' Si 2% • 26 Dec , 4 May 53% Dec - 5.^ pref series. B ponv.—100 Kimberly-Clark-i.,,:.:.'— ..No par,' Kinney (G R) Co— L. ——t 17% 11% 5 63 , /17 V2 May 20 Keystone-Steel & W Co—No par 34 *11- 2iy4 13% 154 61 50 V2 May 15 600 17% *9Va Dec 2 4 Aug Aug 3 8 2 par 800 * y/. 700 , ._V:.y ",:• *2% 22% *33% Dec 45% May 4% Aug 105% Jan 20 37% Jan >;, 3 15 % Dec 29; y l2% Jan 31 30% ', v .-11% " 3 Dec ••• 104 2% ];{ 8% 106 : Mar 39% July Dec 14% July Dec 25 38 Jan Feb 5 1% Dec 40% Feb 5 23'A Feb 40 % July 22% Jan 9 21 Dec 26'A Sep 3% Jan 23 ■ .. 19 2% 22% 9'A 24 5 10% Jan 18% May 15 85 44,200 .; 34 9% 10% Dec Dec . -No par Kennecott Copper—..—No par -1' — 35% 3 10 ' v 26 ■ - - __ ' 26% 2,000 15Va,. »■; 150 200 i"1,500 ' 29 *25 • * , 10 15 ,••:•: ' JJ. '- :;'»y '••-'v i'tyyy 28% 34% 18% 2Va 27% v-V 7% *103 Va ft' 27% 28 Va 14% 22% 9% y: • 8 25 3 26% 19 Va 7% \vy 1% 23 9% 14% 14% ;• • • 19% 7% 11 Deo 11% 31 • yy 5% 103% 103% 25 1% — 82 *10% 8 *2% 27 82 11% 110 15 1% 5Va 19% 7% y 4% .% Jan 151'/a Jan '"-T- ^ 5% Jan 2,400 ; yV;V;' 13% ; ■ 4 " 3 100 Preferred .. V y 423 *120 5% 191/2 ' 13% y 123 *5 Va %: •: 83 Va 13% *120- Sep Jan % Nov Mar 25 111 % Feb Apr 18 -/ {J'i0' v>' V Jones .& Laughliri Steel:—No par * 5% pref series. A:.—>.—* 100 * .y-y.vyyy:' » .... Johns Manville__———No . *10% *223/4 27 8 253/8 *14% -13% 19% *7% % *103 28% : 5% 103% 14 103 13 Va 13% •120 y 123 Jan 4% 6% Feb , ; 127 ■!" < Co— —1 Co Inc———.:!:—No par k 13% 123 3% 217/8 7 4 ■v.- *13 •**•• 15% May 2% Dec ■ 23y2Jan 10 24% Apr 29 A — 1 J. , • 8,600 'M 55 8% par par 3,200 65 • 64% :■ 8 Va /iV 1% Dec 7 Jan % Jan 12% Jan May 6 26 May 20 94 > May 7 1 % Jan 2 2 Jan 2 6% Jun 29 88>AApr 17 7% Apr 29 y 100 Jarvis (W B) 98 *125% 127 Vv yy 19 19% 54'A 64 1.200 y;%72 yy 72%; yv No No Preferred . 72 yy .50 Intertype Corp.. Island Creek Coal— t6 preferred——, 500 27% *95 Apr 26 —... Interstate 200 - 9% 27 98 127 Jan . ; 30% Oct 23 39 Mar J4 , 7% preferred.:..,'100 Intern'l Telep & Teleg—...No par Foreign share ctfs : —No par 60 , ;• . 137 9Va 27% V' *96 yy. 71% 71% m 100 • 27% y;: y v'"'*5 *135 * 9% 27% 98 125% 19% 18% 10 *96 *53% y'54% 8% 9% : 27 *96 71% *125% 10 Va 37% Dec 7% Dec . par International. Silver— ■ % preferred.!.:.. Salt.. :VV 10 Apr A .2 V 15%.Jan 5 v43%Mar30 v:60% Jan 5 iy2 Oct 9 3'/2 Nov 23 v pur 0 10 26 % Jan 74 '/a Feb 24 126% Jan , No par ...—No " v2 Paper. Co.————15 preferred^—100 conv International TOO % .11 ■ 9% 94 92% *n% *iaa la {'. yyv y '/4 92% y; V2 3 64 163 %> Doc f 17A Apr 25 24 Va Apr 29 1 100.- InternationaLShoel.,No 2,100 6% 6% 92% 137 : , y?;.Vvy-rw-j *6% 27 July 100 1 .May ;6 38. No par Inter Rys of Cent Am 100 ,. ■' ' 65a 5% 120 ; ~^i - 6% *1:#) f xK - 28%; y 6% 27. ; *26 % v27% Jap 5 Dec 5MjMay25 100V International - V..',;y 40% ,;:;/y 6V2 9%/y y-/a ' 13% Deo 35 3y2 May 29 —— Preferred 800 v •28% 6% Jan 2% 4 % Oct 16% Feb 3 ,JA July 27 No par 5 ■ & Cbenr Int Nickel of Canada— ;. 37,700 •:;/., '7,200 ■ Min preferred..—.—Internat'l Mining Corp 3,900 'V : *39% yy 35 Marine. Mercantile Internat f V4% 20,500 ' 3% 36% 102% • "V: ■ 6% 6% Apr Dec Jan 39 24 14'/a Oct 23 24 May July ; 147 . 7% Oct 52% ; Jan *9% Nov 2 Apr 40 100 — Dec /.// 23'A Oct 26 109% Mar 16 dys class A—25 200 40 Va 36 102 V0 Va goo • ' ' 140 ; 28 , par Int 5,200 - 29% ; 29;. *130 39'A *39% . Dec 24 9% July 16% Aug 115 111 / 42 18Va Oct 5 100% Aug 21 5'A Apr 29 5% May 20 par Int Hydro-Elec. 9,400 11% 3% 38 40 Va 28 No tPreferred 10,600 , 10 46 V4 3% . 39% F 36% 101 3 V4 : ^No par Machines—: Harvester.—.—No Internat'l ' ,.;.§5:..-:V". 3% V .ift ■r ■ 140 ' 45 Business 30 Va y 5% Aug 31 23% Dec 26 2 ( .Apr 24 8% May 20 5% Apr 21 - Apr i/'V;V.'if '%YH\ % 11% 8 Interlake Iron— Int .5,800 rZ 450 • 55 3% *130 ,:45V4 44 preferred.—— —• 100 Intercont'l Rubber—. No par 1,200 ';••'• 54 20 6 % 20,600 s 162% ft 56 ' *99% 59% 11% 28% 135 V4 77a 40 1,300 , 149 % 162% 10 11% ) 28% 135% 45 Va 102 Va '■ ' 138 44% 36% ' ' *55 3% 28 4,149% 60% 93A 10% Va *135% 1 ft 9% 11 \V' 7 %r: 5% y;;6 fty : 162%: 163% ' Va. 103 y2 7 • 163% ,163% 10 Va *107 7% 59% 59 163% 107 ■■ 150 % 145% - 61 % 107., 7 5% ft 5% 150 163% 107 6% 6 150 107 Feb Dec 2 74 —1 No par Dec 9 1% Apr 13 ,'.153 1 5% Aug 2 21 100 Co— G% 45% *92% Steel Jan 36 5% Nov 6% Jun par preferred—— Inland Aug 30% 100 2 10'A Sop 21 par. No 6% 4,600 22% 45 % *26 No 100 62 Va 2 2% Jan par 22% 8V3 9% __No VVV 6% 7 "tt V , Rayon Ihgersoll-Rand— 1,000 ■ 63% 9% Industrial Sep 18 % 107 % x 9 5% Jan 10 — 16% Dec 1% Aug 31 13 May 13 32% Jan 2 No par Indian 6% 8% *99% 34% 86 ■'63% Indianapolis P & L Co Refining— 2,500 22 % 7% *36 10,600 4 3,400 6% 3% 29% 29% 12 22% 55 .56 136 11% 34% , Dec 18 ft Jan —100 Jan Jan 23 3 Vs Jan —100 115 34% Feb 16% Apr 17 •" ctfs series A———1000 6% 9% 11% 56 11% 11% 34%' RR See Jan 56% Jun Sep 106 2 2 Jan 80% July 132% Oct 4% Oct 1 % Jari 100 22 % 10 *11% 320 11 % Nov July 16% Dec V ■ 20 44ye Dec 168 12% 30 May Dec 12% 5 39 % Oct .1 Leased lines 4 - 6% 59% 163% 10 3% Illinois Central RR Co— 6 % preferred series A : 22% 5% 61 163 160 6% 7 149% 60 800 22 3 4 6 5% 149% 9,700 *161 6414 9% a 8% 6 V2 7 7 88 >, 168 63% tHupp Motor Car Corp—,—, 18% 38% Feb Jan Dec 18 Feb Sep 96 13% % 30 2 100 5,300 — 7Va Dec 13 Jan 96 5% preferred———; A —100 Hud Bay Min & Sm Ltd-.,—No par Hudson Motor Car—par •5,000 . 37% '8 —„ Manhattan——— 19 18% Jan 252'A Apr 24 —5 29% May 2 5,500 -v- yy: yyy 4% & *22'A 23 106 101 9% 6-% *22 % 63%. 100 37 12% 33% Hudson Vk 18% y •; 11% *12 . Howe Sound Co— 1,500 7 10 '115 8'A Jan 2 30% Apr 29 c Nov 6- 27 No par t v Dec 21% Oct 12.50 — of Texas 15 Sep 8% Apr 99% 17 2 Jan 96 • 123% May 1 33% Dec x 29% Nov 8 —No par Houston Oil 12 Dec —No par B 2,600 :: : % 4 107/a 33% 35 . *3% 8.500 . '• . 23% y y. 18% 37 V 3% _.J 3% 18'A 36 Va 3% • . 4% 4%y 8% 18 Va 4 •V; Jan 110 Feb Dec 65% » 30 2 12% Dec . preferred—2—-————100 5% — n f 23 ■ y U . 36% •V 36 Va 3% 23'A 4%. y; y; *3% > yy.- y 30%: n , 4% % 3% 30 Va % 22% 4% % yy 3% 30 Va ■ ...•■:■ •■-:* 4. 23% *34'/2 10 4 •'. 8%, 18 VA 18% *36 4 V4 ftt •4% •• 0 8 20% 22% 4%' 3% lil 4 23% 3% 30 Va % 4 3,.} 23% *36 30 n *4 3% 3Va 31%: :• 4 4% 33'4 6 No par 100 •• — Household Finance %. ■ 48 V2 Dec 102'/« Jan Mar 21 14% Jan • ——.—----5 preferred Mining—;.,—— Houdaille-Hershey cl A 200 -y-yyyy 44 *105% (A) -11 ._1Q ; 3% Dec Jun 10% " 19 5- Mar 13 Jan 101 • Dec 150 13 Oct 12'A Mar 11 1 (Del).—— 1% 28 134 Feb 6% 5 28 9 Homestake 18,700 v.::.; Furnace Feb 158 Jan Dec Dec 50 Ve 14% Nov ft 75'A Dec 9 25% 149% 76 19 28 30 A Mai' 92 • Jan Deo 6 58Va Oct Feb 79 3% 17 125 • > 6 .1% Jan 94'/2 Dec 31 27 "_No par ^ ■i 106% Jan 140 May 12 8% Nov Highest I per share Dec 12% 22 8% Dec Apr r-.,.Wo par 19 4 May 100 10 2 141% Apr 10'A Apr ■ IT Jan 88 4 51 Holly Sugar Corp— 7% ' 37% Hollander & Sons v- ' / Co.:—_Ao Holland 1,500 — r* • par Jan t per share 4% Dec 24 100 preferred conv V0 Jun 4% May 45 Year 1941 Lowest 163/s Jan 29 —No par preferred— cum Jan • ■•.146 7 791/4 Apr 100 —1 .No 104 5% May 21 y.V —25 ; 1.000 —y 1 .>2 Hinde & Dauch Paper Hires Co (C E) The——2 100 >%;»: 13% y $4 2 ;v —25 Hershey Chocolate_:_—— 200 .. . y 29% . — 6% 29 ' Apr 3Ms'Mar 80 Range for Previous Lots $ per share 20 12 % Apr 1 ; Hercules Powder, 10 Apr l';:~. Hercules -Motors— "2,600 * . 100-Sharc Highest a 126 100 Products Corp (G W) Helme 1,000 — __ •,••• 16 13 *113 31% . preferred—:,— tHazel-Atlas Glass Co— Hecker .98 of Amer class A———I -.' Hayes Mfg Corp——— 980 99%; 6% 13% 12,400 ft' 55 *28% *113 • " — 1 *15% -16% 29 _ of $ per share ■•■,' 100 * Hayes Industries Inc.— 4,300 134 48% 6% 115 *132 99% 28% 7 •%: *113 V2 y *98 • 14% !V 15% '■ 134 48 y - ' *15% :': Par . Preferred 12%::- :!• 74 *132 6 Va % — Basis Lowest preferred——: Hat Corp , ■ ;. 6% 157 12% . . .57% *150 k — V.V 73% 134 400 V-- 94 Va ; ■ • On * V . Co $5 pfd——No paf Harbison-Walk Refrac.—No par 100 •.•/ 56% 157 __ 1% 94 56% - Range Since January 1 STOCK Hanna iM A) , .8 .'•'.:•• 'v„ V. — 12% *97% *97% 0 56% 86 75 :>■ 47% !•;; 100 *14% 13 Va 75 % 1V4 C".v. — vS 5,200 . — YORK EXCHANGE 60 *■ 1_/ ■ . 4% *84 *6% 93% , 157 13 50 *96 *150 4% • • ' — 13% NEW * Shares r — 137 lVa lVa 93% '/■; - r 86 7Va 8% 56 74% 131% 44 % 55% 4% 7Va 93 v 13 % Sales for the Week • $ per share 101 *131% 137 *84 1% 91 x7% 157 - . 75 74% V 1 % 1% / 7% ... 56% *150 13% *13 . 8% 8% *56 57% 86 *7' . 91% 91 91% 91 7% *7 13% *131% *4,' 4V4 4!'a *99% > Jan. 1 - t per share 100 13'/a 137 *84 86 99% Friday Dec. 81 t per share 13% *131% 4% *4% *84 86 A 101 13Va 1334 137 *131% 4% *4%, *84 *100 STOCKS Thursday Dec. 30 I per share 101 13% 133/4 137 *131% * f per share PRICES Wednesday . Dec. 29 Dec. 28 t per share HIGH SALE Tuesday Monday Dec. 26 27 Jan 29% Jan 13 2% 2 5 Feb 3% July 5% Sep x22% Mar V 28% Aug ; 29% Feb 24 5% Feb 41% Sep 30 17% Jan 45% Dec 15 10% Dec 14% 11% Dec 16 Dec 31 14% Dec 27% 23% Jan 9 19'A Apr Jan 26% 116 Va 5% May 18 28 8 7 Jan 17% 13 . 4 ll3 Jan 16 .107% Dec Jun 2 4 Jan 26 j% Jan Dec 17 1% Jan 20 % Feb 2Va Jan 7 15 Va Aug 18 2% Feb 14% Aug 17% Apr 17 11% Apr 24 18 Apr ?9 -20% Jan 5 4 Mar 12 40 , 1 uec 24% 04. Sept 14% Aug 31 11% Dec 14% 26% Dec 26 18% Dec 27% Sep 33% Dec 28 19 Ve Dec 45% Jan 5'A Jan 20 3% Dec 7Va Jan Nov Dec. 28 Dec. 29 t per shart $ per share Dec. Hi I per share 60 60 60 60% 175% 175 31 29% 30 60 Va" 59% 60% 'i 61% *174% 60% 60 61 62 : 175% 22% 22% *22 V 23% 23% 23% 23% *"33 V2 33% 33% 33%' 33% 24 15% 15% 15% 15. 17% 16% 16% 16% 45 '/a 46 45% 46 ; 17 V 4-6 46%'" 36 36 6% *17% 6% 17% 15 % *59% 17% 16% 16% 150% 150% 151 . / 15 Va 15% 59% <': ■ ;; *124 19% *9% •10% 19% 19% /" s * 3% 9% 10 Va '■ *13% 19% 20%, 3% 3% 1% 14 '■ ./ ' 1 %' 2% ' *6 ■ , 14V4. 13% 13% -*13% 1% *1% 3% y.'v 2% 3 2% 7% 8 7% 7% 7% 9"% 9% 9% 9% y;- 9% 9% 9% 18% 18% 18% 9%. •} 3% 3% 3% 3% 33% *23% 24. 24 21% 21% 21% ; 21% *34 V4 * 24 36% 37% v;: 2% 2% 2% 21% *19% V. 12 A 12 11% 11% 11% •. 8 J/8 *8 15% 6% 8% 103% 6% 6 % ; *66 15% *100% 103% ' *25'A 26% 5% 5% V 6% 103Va 26 :t 13% 1S 3 %i 13 % iif Va 3% 3% 3% *17% 17% .17% *64 14 3 17% 88% 114% 114% *118 122 •■*9% *11% 11% 109 87 A 108 i" • ' r jr"~ t 2,100 • ... .* V, - •- Vv V v; 9% 9 Va Va 9% ■'i- 11% 11% 11% 11% •••.? . 22% 22% 22 !"' f A \\ A; 1-09 : 14% '' 63 % 116 ■ 5% -5% 33% WWaL" 6% V £6 57« fi-. : 2,600 A- • . . 8% 53 ;•/. - " : " '•"Vv?"'. l —~ 'j. v; 'V>.; v %'": ^ r- - ■' '• I par 100 Minn par 900 1,500 preferred series C. Power Impl-.^A. 'f tJ. L. Ti ■ : "-i ! -,f / 1 —100 20 $4.50 preferred 400 '3,780 2,400 - • . SA 1,600 • . - • b :.y. ■•I r' - " , *112% 115 *112% -900 - v 1,800 _V',' . '"A •"' v .• f- ' 360 •" _r !:,f _ . 64%' 600 . :v',;v_r i ■ 115 100 10 ; ' 5%. ■: 5% "V ' 1. / • • _ vA' ; •. 6,800 « ' 34 %• 35 34% 5 17% Dec 29% 22 11 Feb Deo , Deo 138 Jan Dec Sep 14% Aug 31 July 19V4 Dec .27% Jan 28 4% Jan 30 1% Feb 4% Dec 18 5% Dec 7% Aug ,16% Jan 26 12% Apr 16% j x6 Va Dec Sep Nov 21 % Jan 1% May 3VaJan 5 2% Dec 5% Jan llV4Oct 14 3% Dec 11 Va Jan 12% Jan 7 2 11 Dec 26% Jan 6 6% Jan 6 24 19 251'8 Nov 21 Sep 32% Sep Dec 12 V4 Jan 28% Jan 3% ■34% Dec 17% Dec x20% 21% - 29 Va Jan 176 6 Sep 176 Jun 1 10 Sep 31% 40% Dec Aug 56% Dec Sep Jan 2% 15% Dec 28 90 Dec 107 8 27 Nov 28 Dec 171 7 3% Nov 22 May 24% May 13 Jan 46% Jan 101 Dec 22 12% Oct 21 Apr $4 .-—No 14% May 12% Dec 16 108% Jan 6 103% Feb 109% 24 Va Dec 5 13% Dec 25% Jail 9 % Nov 9 Dec 9 Va July Dec 31 Dec 37% 15% Dec 17 Dec 1'5 7 % Jan 14 Jan 5 39 110 preferred series Co—"—No par .--No par Montg Ward & Co Inc Morrell (J) ; 300 Morris & ..50 Essex Motor Products Corp— Wheel Corp : — 9 % Dec 103 Sep Nov 5% Dec 8% Sep 101% Apr 109% Jan 5 Dec ■' 7 Mar 24 70 Va Feb 3 54 32 Jan 2 6 Oct 24 3 % 29 Oct 13 9% July 82 Mar Dec July 71 27% May 77 Sep 15% 110 Dec 72 Aug Oct Feb 6 Va Dec 21% \ 33% Feb 29 % Sep Feb 30% Apr Dec 37 Jan 33 % Oct 7 16 30% Jan 16 14 24 7 % Jan l2 18 19% Dec 28 13 Mar 17% July 23 % Oct 13 17 Dec 38'% 30 2 19 19 21 26 28 2 108% Nov 16 31 86 Dec 59% Dec 34 Nov 108 Oct y 111 .Oct 24 •3% Dec 18 17 4% 9% Dec 105% Jan 45 Va Jan 112 Dec 52 Jan 125 Deo 1% Jan Oct 4% Jan Dec 79% July 14% Nov 7 9% Feb 15 Va 1 % Oct 9 % Oct 4% Oct 24 18 Oct 26 91 Jan 7 15 8 7 4 Mar 67 •;•'■■ 1 July Aug Aug 12 V* Dec 17% 77 Feb 94 Sep 10 112 Mar 118% Oct 26 115 Mar 123 108% Jun 113% 120 110% Jan 28 24 Oct 1 3% Dec 117% Feb 6 34% Dec Sep Aug Oct 39 Va 9 24'% Pec 48% Mar 12 35% Dec 43 Va Jan 29% Mar 25 , 30 29 21% Dec 30 Va Aug 20 5% Dec 12 Jan 9% Dec 17% Jan 18% May 24 Va Oct 11 2 9% Apr '23 20Va Aug 27 2 Sep 11 50 Jan 2 No par 5 Mueller Brass Co.a— 4 1 Mullins Mfg Co class B—I —1 $7 preferred—1— —4 No par Munsingwear Inc., I ___No 'p«r 'Murphy Co (G C)___„No par 4%% preferred— — 100 Murray Corp of America 10 Myers (F E) & Bro —No par Motor 7% May 26% Nov 15 May May 112= May 102'4 Apr , 23% Apr 28'/2Dec 12'A Dec 6% Jan _No par & Co.. 108 6 Aug 14 110 par Jan Dec 6 Jan 14 27 17 24 66 —10 No par ; series B ' ' 35% 8 , No par Monsanto Chemical Co„ 205 A 44,600 -A Apr 13% Jan 6 25 15 , -~No par —10 Corp Preferred < 1 Moline 7% 50 __r 23% :21 Va Jan . 35%-Jan 103% Jan xl07% May 1% May 57 % Jun 8% Apr % Jan l%Jan 2 12'A Feb. 27 : !100 .-10Q pfd series B___ $6.50 preferred^— . 1 conv preferred series A— Mohawk Carpet Mills. j. • • !""•: 21% 21% 5% wNo Mo-Kan-Texas RR ' ■ ■■v-v' .'t'.i • rS 2% V.: 2% 54 54 is.:;'/ *63 V4 5% Prod—— 1st preferred Mission .' -K-' ,v;. J"i i'-::' v,, *14% : 15 *34'a ,_10 Petroleum 2,400 •■ v,. 15 5% 5 4,700 XyyVr , 9% 64 35 *34 Steel 4%% 5,900 -:v;> 400 •>:.. 11%:., *14% 113 —-.5 - Apr Nov; Oct Dec Jun Dec Jun 21 Apr 24 • .Dec 5 Apr 12VeMar 16Va May 88% Apr No par Co— 4,600 : :• i3s/«% : t- 9% 54 -'V .l50 Min Trans Co cum 4% ■; L";. 34% . 11% 22% ,; i Minn-Honeywell Regu 10 „' 122 12% ':'•— 2% 1 ' 9% 2% -No par Copper-! Midland 320 • : T • ' 11 % :A conv Mid-Continent 2,100 - 115 ,; *29%' v34' 12% 9% *22 94 x5% 64% 55 > 20 Va 4% 22% 100 (The)— j 1st preferred 5,300 •■ X32 2 par No par No par —■ preferred series A & — •• 19 27 131 100 preferred.—— conv Machine ; 12 Jan 35% Jan 23% Jan ——10 Field & Co_—,___No Merch - . , 86 ? *62'/a 5% 33% Jan Mesta ' 5% 3 3'A 31% 15V» Apr y 1 122 1 Dec 29 ; Mack Trucks Inc No par 26% Dec y -7 Macy (R H) Co Inc—-No par 17Va: Apr 30 Madison. Sq Garden—_l_No par 9 Vs Nov 6 Magma Copper—.—^j.™...10; ,■ 19 ' Dec ,11 Manati Sugar Qo——-.1 f .. 2% May,22 Mandel Bros.. ,..i_No par 5 * May 2 ; Manhattan Shirt—,——___nL25 ;. 11% May 18 Maracaibo Oil Exploration 1 % Mar 27 Marine Midland Corp. 5 2% Jun 4 Market St Ry 6% pr preferred—100 4% Jan 2 Forbes & preferred——' 6% Miami 300 I':'."*' •S \ t , - 5% Nov 1,700 A h '1!- - '■ • . v-V; 14% 113 33% Sep 74% ; <f-' • ' •' ■ *- — • % 63% *61 - 22 Feb 6,000 V e ' ' 18 33% 11% ■ 54% 14% 14% 63% Jan Dec > •. yu'rf. 109 vV 103 . 34% 2% 54 54% 147/a Jan 162 *•. 15 '/.•A: 280 - 63% 19% Dec 60 Mengel Co 1,600 :■ , 3% *118 : 28 Va a:;. 22% 2% Sep Dec 142% 9 8 -100 $5.50 pfd ser B w w Melville Shoe Corp ; 2,400 •, • . ' 2% 19 12% 26 26 Mead Corp 100 ' A: Jan 10 Dec 153 Mar 30 18% Jan ;• •;•; .; . •\ V;•■; .'■■■ *113% 12% 12% 12% 9 13% 16% Nov 19 Vi Nov Mar 13 11% Apr 29 . 2,000 v ■ 13% 3% •>86% • 12% Dec 76 Va Jan 4,^', ; > . f 65 /. 18 ..V: 28 V2 • > *112% 2,600 ' ■■■;•'.:■' ' 12% 128 1% 9 —" 30 *14% 116 • :s"J' 3 *13% :■" 33% 33 54% 3,300 ~ ":V 114. % ]if 122 *108 109 32% 30 2% A' '■ f''' '.' —•*•'• . 108 v >■•:;•: 86% *118 122 33% 15 ___100 ' 115 V. 85% *113% 31 11 45% July 3% Dec — 4,700 1,500 * *62 *112% - 115 85% 33 55 *54% 17% 108% 2% *2% 17% *118 22% 22% 3% 17% \ 3% 122 9% - 3% 3 Va 31 12% 12% % 115 —'' . 20%.: *63% :•■• 17% 114% . 19 V8 2% 13% < 32 65 13% a\. % 12 88 87% *113 A ■■■■' 5% .*110% 3% 3% 64% 13% , 65% 13% •vXJL' ,'y , - 59%. 3 64% 3% 3 Va 65 13% 7% Dec . - •ft, ■ " 58% 114 65 2% Mar 27- • 1,800 1,400 v' 27 *105% *110'/a 32 1,000 • 20 • 58% 114 ; .3,600 , 800 106% *110% 33% 4,700 >. 106% 57% 58 57% Apr - 29%.. 20 " 20 114' 108 % fc' • 106% 106 Va *110% 33% A 2,700 ' 4% • 19 19 ;v 20 20 107 ; 5% 108 108% :V-<' '29%.?;". 29%. *105% *118 /fi ^ 69 *26% 108 *86% '• A" :;.j: 27 .5% 18% 19'/a 19% 35 „ •'. 58 26% * -5% 5% 106'A 57% 56% 3% ' *25 *105'/a . —"i"' ' 7*^VJ 6 Va • 4% 31 *29 26% v 20 % 28 8% Apr 17,, Martin fGlenn L) Co — 1 17V» May 20 Martin-Parry Corp—No par yifV';. 3 Ve Sep - 4 ♦ Masonite Corp_i..__^.:.tty, No par » 22% May 1 Master Elec Co^_—V_———1 19 Aug 31 Mathieson Alkali Wks_—T—No par 19% July 28 7% preferred-—-100 162 Apr 20 May Department Stores——.—10 :31s Apr 29 Maytag Co ^ No par 1 % Jan 5 y $3 preferred • l_No pat 13% Sep 24 $6 1st-cum preferred--;-^—No par 76 Jun - 2 McCall Stores Corp 1 \ 9 Mar 6 McCrory Stores Corp 1 10 May 12 5% conv preferred 100 99% Aug 21 McGraw Elec Co__ _1 : \ 14 Apr 17 McGraw-Hill Pub Co— No par 6% Jan -3 Mclntyre Porcupine Mines .'—5 27% Oct 13 McKesson & Robbins Inc 18 9% Jan 12 5%% preferred ; < 100 101 j May 20 McLeilan Stores Co 1 5Ve Jun 1 V 103% ' 6 ■%'? 26 114 ; ;■•••': 4% 4% 26 29 18% 108 ,yv: 26 29 19% > 29% 4% 5% 42% Jan .31% Jun ' 108 3% ' ' - , 6% ••■' *100% 6 V4 6 Vs 29% 26 A 13% *64 6%> 6% *100% % *105'% *110% •:['*% '• 111; 29% 5% Oct 16 par 2 Marshall 6,200 1,600 ■vr '>'• '15% *109% 111 107 107 , 17,700 v '•——'. • 8% 15% 15% 15'a 29% 19% 56% 56% ''. '"'■'' ■ >v 39 38% 38 37% -< 8% 8% 8Va 58 26% ,107 103 300 14,000 '•.'-.LL"-: „ 23% *66 19 20% 20%*107% •;;] ■ 38,200 3,820 108 22% 59 5% 19% 19% *.' v ;■ *11% 23% 69 25 39% . 100 ' " v'' *102% 6 Ve 43 a Sep May , ■'- 12% *58 31 26 ■; 'i.5-1 :fi ■ 107 12% *66 26 *29 31 26'A *98 " 69 29 Va 31 % 28 h. 11% Apr . 3,200 • 21% -;2i% : •V: 12% 59 4% *25 % , 21% *66 29% 19% Apr 15 55% Sep MacAndrews 1,100 1 ui." \X ■ ~ A4 '' *57% 4% A •. : '!'• ' 3 63v 29% 4% 25% . % ,; • 3,7 • 69 4% *29 165 "■ 12 103%; A" 6 6% 6 % \*57%; 29 3A A 29% 1 .V-A. ' rtv ?' *'* 21% Vv 20%" *163 100 *109% 6 6 46% Dec > Louisville Gas & El A—-*.„No par 1,800 24 106 :A 111 6 Va *66 63 15% *100% 68 *57% ' • ''' 11% 15% *109% 24% Jan Jan Louisville & Nashville™-,.,-, 700 ,i v V'' 34 •33% 36% 23 38% ' Jan 1 37 Co, preferred^— 7% 8,800 L:'" '3% X '3% *102% 23% 15% 111- (P) 16% 2 11% May * .3,400 , ' 12 11% 8 Va V: 8% 37 ,1; 38 ;'■> , 6% *100% Lorillard Apr 13 13% July •y 14% May 20 ,1 No par ,—25 Biscuit—, Loose-Wiles DeC 16 Ve Dec Corp_„__#o par Long Bell Lumber -A May 9'A ':4 '•l 18% >*2% 20% 106 22% *109% 112 *109% ^^ ' 1 ./•;/__ •• 8%:' '2% 12% 38% .'.38% 15% 38 • *102% Cement Lone Star ■ • 8% . ''I 1' 9% 37% y. 100 12% 11% 11% 23% 9% Jan - Liquid Carbonic Corppar Lockheed Aircraft ,Corp. Loew's Inc__—.--fi/o 3,500 3 Vs ■ ' 2% 20%' A 12 23% ' • 18 .' :i , . fi ^ . %..-. 18% . 165 5 36% 107 *98 , 106 *102% 23% 23% 8 -"-v; 20 ■ 21% *163 2%:: 19% 20 12% 106 *102% 12% Oct Lion Oil Refining Co—par ' 107 *98 A 107 1 "23 Va' 21 36% 36 Ve 2% *98 '14%" 8% - 17 Va *19% ••••• 165 2% , •; 9% V/V - *163 Jan 2 25 % „__Wo par Link Belt Co '.'■'ll,600 .u£': ;• '•' (/ 'r 1 ■ , 6%" Jji (• 3": 8 Va - 23% 21% 37% ■ : 21% A 37% 3%'V; 1% • :;,y. 3% V 3% ■'•*33% 3%' ' 33% 23% : , *163 *163 33. A 33% x29 " ' 34% 24 C 3% A 5 1,400 ■:£-} ' 17% 18% 17% 18% 18% V Jan May 21 37% Nov - ; v '• i J 20%:' *13% vr; 8 •*>: 30 5,300 -'3,100 An?;, A ... 10%' .v V •'<•:' ~*6% . - : 1% 3 •' Deo ' 28% 3%s'I" .. . . 8 -:-3 x20% 160 "/ ;,;i 19% ,: .20 — '6% 2% A : Dec 4 "jyy.! ' V."- ! ' f 128. 10% • - •3% U: •A 1% v A';'.; 1 %, ,.-v. 6% *6 6 14 14% *1% •;? 6 6% 17% 32% Feb __ ^yyvv-v:> yy^i1 20. 19 : 10% 19% 3% •; 23% Nov 1,500 ' ' *6 19%* 19 9% A 19% 3% 3% 3% v 19% JUn 14 23 600 --■27% 28 19% 10%- *10. Jan 16% Apr 4,300 ' ' Jan 22% Jun •.',••- 15'%." *122 128 27% 19'A 19 19% *19% 19% Jan 189 174 Lima Locomotive Wks__«,—No par 28,100 '' *122 28% 28 V 28% 28% 28% 28% 177 Lily Tulip Cup Corpper 4,900 :19>!'/, 18 % V'. Xl8% 123 122 • 4 Jun 5 Dec 98 •; 19% 18% ,m 130 *124 130 : 19% 16 Nov 21 • ; 1 f;Vi9% '19 % -V' 19% 74% Jan 29 2,900 , 'r'V;- r *6060% . , 50% Apr 164% Apr Jan 96% 64'/a 3 Nov 9 16%;/y;y':/vSV%:;%i; 15% 15'A. _25 32 Ve 12 39 64'%■ Dec Jan 73 Va Jan 33 Mar 13 50,Va Apr 18 Highest f per share t per share J per share share ..100 Series B 1,000 • a 150% 150% GO U 59% •, - ' 6% 20 :__5 -r25. tPreferred i8%v;i,,.,;V:,:,r;iir:%,y^; 16%,, i 15 Va 15%- 59% 1 , 59% 15 59% 15% 61 38 % 6% *17% . 18 16% 151 153 *151 153 153 1 i •6% 6% :> ' 17 % 16 16% 16 16% 16% 37%' 17% A -,t • 46%-.-.'Vi.-jj-'. ; $ per 1 3,400 .'Tyy- , 37% Par . Liggett & Myers Tobacco-^. 70 / y.'j-;,/■' A'16%ih:,i7r>;-i;v;^L'JL-.! Kl 46; . Life Savers Corp 1,100 '■■■ .I-- V ... Lowest Highest 200 : 12%.:,, ■,'15% * 15%/,, 45%. 37 6%. 6% 6% 17% 35 ,;11% 17 : 45% 35% 35% 36 I 35% 18% *SVz' f. -i 1 ■ .35'. ,• C;y ... 25% 24% 15% 15% 16% 17% : , 22% :• , - ' -i . •5,600 175% 22% , 11% 11% 11% 11% 16 *15% > 11%: 11%' 34% A 34 12% ;"••, 25% 'i 22 22. ; 24 11% 174% 176 34% 23% • *174% *174% 175 V— •"• , 400 63 61% *21% 23 *21% I.'::' ' 61%: *29% V ' Year 1941 100-Share Lota of Lowest EXCHANGE Shares Basis On STOCK NEW YORK for the Week Jan. 1 , ' 31 *59 60 ■: ' ' t per share ' *29% 60% 30 60% < ' $ per share S.oer share, :t ; 81 30 32 *30 Dec. Sales Friday Thursday Dec. 30 Range for PreTlooa Range Since January I STOCKS LOW AND HIGH SALE PRICES Wednesday Tuesday Monday Saturday FINANCIAL CHRONICLE THE COMMERCIAL & Number 4139 Volume 157 12% Nov 9 25% Jan 20 > 3% Jan 20 Feb 4 63 v17 ,11% Jan 7 49 May 6 108% Sep 18 AX 4% Jan 2 30'/a Jun 2 1% Dec 4% July Feb 46 74 July 15% 9% May 8 Dec Dec Jan Nov 61% Apr 74 »/a Sep 6 ~4 Dec ~8% Jan 7 34 Dec 51% Jan 19% Deo 69% Jan 6 Dec 29 113 6% Nov 39% Feb !$■- 3% 6 % *1 6% *3 6 22 5 *7% ] 5 8 Va *8% 8% V A ' 5 7% 15% 16 16% 5% 5% 19% 19% 19% 19% 8% 8% 8% 9 % 17% 71 ... • 7 *9% 6% 6% ,70% 13% *34'A 2% 2% 52% 51% .5%. 14% tS*,. W'rA;. ■ ■ 2,300 - 1,100 ■ - - :"v:AA; v vV.-v. vA ; . :X': 3,700 •' 12,000 100 •■'" • ■■ 5% ' •.' 600 - ••?*/■; ••' ■ 13% 160 6,400 —• 160 =. ■■ : ^ .... 14 !■ 4,500 A— * . V, 2,300 14 V•• •••A. " ■ , 50 5% 5% 14% 13,% 57 61 ; 13 Va 57% *55% 61% . 36 6% 60 51 5 51% . %" 13 Ve 57 2%- 2% 2% 9% 9% y ...< ■' Vr c: •:> •" - "■i-. 51% 52 y. 61% , 59 - ' , 10,200 ( 57. :• '• • - C■•'61%:r 1 .-i.S-.V 6 6% 6 6 Ve 9% 9% 9Va *16% 76 *74 . 37 17 16% *15% *74 76 *74Ve *36 76 37 2% y • 2% •?' 39 ley* • ""9% i -• 16 Ve .' -15% 10% 10 in 26% 10% . 110% 27 Va - 17 17 16% *94 95 *94% 10 V2 26% 10 36 74 Va 76 36 «' *110V4 L_' 27 27 27 1038 10% 10%/ --*35% ■-.38 110% .-if : .• ' ,1,300 7f 200 1 • . *' y •yir f 40 26% -27A 17 16 Ve 16% 16 % 16% 94% 94 94 94 94 - 80 200 . *110% ., 240 3,400 r ' i5% 74% _r " ••- • 17 v4 16% ' ' 2,200 • 10%. 10 Va CI- 7,600 ™ • • " r_" - •» y. io,600 ' For footnotes see page 19 *94 ' ■ .95% . ; ™' Chatt & St. % 100 Louis 3% July 14 7 Oct 20 Deo 3 Dec 2 14 Ve Jan 23% Sep 19% Oct 26 13% Dec 23% Jan 5% Nov 13% May 26 Nat Automotive Fibres Inc. —.1 3 Apr 24 6% conv preferred—— —10 • 5% Jan 5 National Aviation Corp.,. —5 6'/8 May 16 -National Biscuit Co —10 13, May 5 7% preferred-.-. 100 ■: 140 May 1 Nat Bond & Share Corp. No par 12% Apr 23 National Can Corp —T —13 3% Jan 2 Nat Cash Register. —No par ■ 11 Jan 2 National Cylinder Gas Co— —.1' 6% Sep 16 -Nat Dairy Products..——No par 12% Apr 30 National Dept Stores No par 4% Jan v 9 -6% preferred— —10 8% May 1 Acme xl% 29% Nov 1 Dec 31 3% Jan 2 16% May-27 — 9 2% Dec 7% Jan 9 Jan 1 Co . 300 1^1,-No par •Nat Distillers Prod. Nat Enam & •National * - No par :—1 No pat Stamping 5% Dec 23 6% Dec 13% Dec 18% Jan 160% May 175 Va Jan 12% Dec 17% Jan 3% Dec 9% Apr 17 14 16% Dec 22 5% Nov 27 166 % Jan - Gypsum Co $4.50 conv preferred.— - .. Lead Co—.r„ 10 preferred A„ ; .100 6 % preferred B — ^100 Nat Mall & StT Cast Co.—_No par •National Oil Products Co u_.4 -National Power & Lt—— No par National Steel Corp__ ..25 -National Supply. (The) Pa —10 • preferred——————40 100 preferred ——-.100 ' -- 7% -• ' $2 • conv 5 Va % -J 6% Co.———No par No par Nehi Corp——— ...n.No par Neisner Bros Inc I 4%%" conv serial preferred—100 ■Newberry Co (J J) —No par 5 % preferred series A— 100 -Newmont Mining Corp—.. i_10 Newport Industries. S_1 Natomas Co——' ■ • -N'port News Ship & Dr Dock ■ $5 conv preferred " — ... * , : 1 No par . Sep 14% July : 30 31 7% Dec 11 12% Jun 16% 7% Nov 23 3% Dec 9% Nov 21 7% Feb 10% 17 Apr 25 Va U Dec 20% Sep 3% Dec 8% Jan 58% Dec 93% Jan 12V4 Dec 19% 26 Sep 28 18 Nov 6 24 72 O . . 5 Mar /; • ;••■ ' 6% Dec . t- . . , Jan 8 Sep Sep Sep Sep ' Sep 16 V* Jan Apr 25 May 6 Mar 17 5 May 26 Apr 27 Mar 10 Apr 17 Apr 28 15% Dec 2 93% Dec 14 11 ' Dec . 12 Jan 29 160% Dec 176 Jan "7 138 Nov 154 Jan 24 Ju»rf 168 146 Jan 17% Mar 17 Nov 23 3% Jan >5 Oct 21 36 L 54 , 9% Jun 10 45% May 22 51 May 19 .2% Mar 30 4% Oct 10 5% Mar 7 70% 28 104 22V2 7% Dec 11: 9% Dec Dec 29 29 V2 Apr 28 IVa.Apr 16 43% May 28 4 May 14 prior preferred—- 10 ■•■•: 15% Aug 25 20 17% Apr 24 14% Mar IT 3% Apr 28 60. Jan 2, 11% 145 12.9. . 13% prior National Tea x . „ -National - 10 9% Oct 16% Oct - „ 5% July 8% Dec • — ' ' 9 % Liquidating Co No par Corp—— 5 National 3,400 6 9% 400 : yv™' • *110% 1 1 ' 6% 9% 3,400 . y%r :V:; 1,200 61% 2%-- 17 27% 3,200 13% r57".' ... 61 2% 40 110% . • __ v;..rLL. 52 >v ,i ,5% • 13%; 13 *56 60% 2% *73 110% 100 f • ^ 14,700 - 31,800 5% ,.,'5%y: 2% *36% *26% -i 470 2 Ve - 2% 6% *9'/a 12,100 A-- ! _v_' " "••■•2% 6% 1 ; k V4 •Nash 200 ' a-i4 • *34% 6,600 •• • • Nabco Nash-Kelvinator —— -; : : n BllllSIiS ffjlf • ; -14 13% -4£,800 < t" ,r 'VX: 70% *135.1 139 139 13% Jc •. ; ,v" ' ,V-6V2 • ,*156 {H 163 *34% <36 , A': 4,900 ; v';"„ ,16%: 6% - ' 25% 70%" -.-70% ',43%- - *135 • 13% 36 13% - . "'•J • ''■:V9% l'16% V 7 ' ■ V . • 25% 4 . 6% . 9% *9% ■>,, -- ■19% ' *16% :: 3,300 ' 2% 61% 3 16 Ve 139 58 3 25%- *135 • 7 16% 139 *34% 58 ■ 14% -14% - • ■ 7 , 25% 9% *135 36 *13% ■ < V 17% r' -9 Va r 16 Va 71% 13% .14 *61 51/4 CO vU OD% 9% 26 l. 163 Ve < • 14%9% *160 5% 16%- - . - *9% 163% 13%" 7 <'' {• . 6% 13% 13% 7Ve *160 . 5 Va 20 14'A 69% 6% 71 70 Va *34%. 52% y. 25% .. - 9% 14% *16 Ve 14 5% 19% 9% 14% 9% 36 52% 19 Va 17 13% ' X18% 9 7 Va ■ 6% 2% 5'.4 8 Va •• 15% % 15 %'■>:■ 16%'-, Xl6% 16 8 : 168—> -.*163 V. 168 *163 163% 5% *16 Va 139 5% 8% --8V4 '.V! 15%-: 15'A 5% 26 v, ' ..... 160 ;••'•• ■ ■ - vv, ' 8% 5% 14% *9% 13% -',13% 163% '"'2% AiA "•■ 4: -'r 8% 8% 15% 16 25% ' *160 *135 7 6% 6% 71 •;% 9% *16%. 23'/4 15% •v-15% 'r :v 300 -21,200 ■ ' 14% 26 25% - 5 :■ *7% 8 8% 163% 16% 14% 5 5% 8% 15% 165 5% *9% 23% 15 Va- ' - rij; 'hiy- • " ' 5% 7% 22% 15% 8 '' 15% *163% 7% 22% 15%'' 5% /; 8% 15% 165 ■' • 5% : >• 7% aa s%. *163% 14% §f;A '■ 6% • 15% 15% 15% V 1 6% 22 Va 15% 22 15% 15% 1 • 8% 6% 22% 22 ■ 22% 15% * if! 614 6% 6% *1 1 % *1 A 2 Va 6% Jan $8 16% Feb 25 14% 26 2% Dec 36 Feb Dec 42 Dec 8% Feb : , Dec 7% Mar 68 Va Dec 4 1 Jan 7% July 16% Nov 6 41 68 Sep 5 43 Feb 75 % Sep Oct 21 2 Dec 5 9% Feb 6 8% Dec 11% Oct 9"% Apr 63 Feb 70 Feb 4 • Feb 9Va Dec 23 Jan > 6% Dec lT Dec 23 10% Deo 75 % Sep 15 39% Dec 4 110 % Dec 24 30% Feb 16 69 Va July 31% Dec 105 Nov 17 Feb July 79% Dec 45% Jan 110 Jan 22% Apr 31% Jan 5% Apr 11% Aug 19% Dec 27% 106 Va Mar 11 fi Jan .Tulv THE COMMERCIAL & FINANCIAL CHRONICLE 16 NEW YORK STOCK TTJ—~7 ' Saturday > per shart '*27% STOCKS Thursday Wednesday Tuesday Dec. Dec. 25) Dec. 30 Dec. 31 I per share I per share 9 per shar§ 27% 27% 26 28 26% 26% 26 10% 10% 10 10% 10% 10% 10% 12% 12% 11% 12 12 12% 11% 12 36 % 3 6 Vs> 35% 36% 35 36% 14% 14% *114% 14% 5% 5% 16 *63 y4 5% 100 27% 27 A A.. A' Vb I per share 20% 20% 64% ; '• 63% 63% *63 65 *88 *88 27% 27 • 44 1% 20 20% >22% 20% 23% 158% 160 > 157% 159 156% *111% 114 *111% 114 *111% 10 *49% 50% *48 9% ' 49% V 9% 21% 156% 10'ft 45,100 50% A 93% 50% 50 50% 50% 50% 49% 49% *48 49% *48 49% 4^2 49% 9% .9% 9% ■ 9% *92 9% 95 *92 .8% 8% '8% 107% 107% *107% 16 % L" ;:AA •/. 16% *35 3% i: 37 ■ 9% 95 : .. *91 16% 8% *31 . 8% 108'ft 16 9% 95 8% - 35% 3% : 34 - 8% 8% 9% *91 100 *31 8% A >26,600 7% ■ 106% 16% *35% 3% *29 8% 34 8% ' 3% :,j' 3% :':AA *29 8% 34 8% Preferred . >: 9 : V'rkV'::--' A 11% 11% k 30% ; 30% 374 37s > *67% 11% 16% 11% 11% 11% 12 30% 29% 30 29% 30 3% 3% 3% 4 68% *3% 3% it 16 16% *141 11% 29% 68'% A 3% 142 >27% 11% 30% 3% 69 *3% 1174 30 50 *44 50 57% ; 57% ' *44 50 8% preferred A Oppenheim Collins— 1,200 16% 143 A 28 6% 30 50 *44% 50 300 56% 57% 55'% 5674 5674 57% 57% 57% A 7% 7% 7% 7% 7% 7% 7% 7% 7% 6% A-5%. 57/a 6% 6% 21% 21% *20% 21% *13% 14% *10 13 Oct Jan 1% Feb 3 ft Oct % Jan 2 23% Dec 28 19 Dec 35 v .Sep 32% Jan 179% 109 Feb 119% Oct 9 9% Dec 17% Jan 26 50% Apr 58% Jan 57% Jan 17% Jan Apr 25 Apr 29 A > 52% 53 14 29 96 27 Jan - Jan 8% Nov Deo 28 38 34 » % 6 10 % Jan > 7% Sep 14 Oct 6 Sep 8% Aug 113% Nov A14 A Oct Jan 40% Nov Dec 7% 28 98 Dec 107 A 34 21 Jan Jun 3% 2 3% Dec 18 A' 93., - July 9 Mar .215 Deo 10% 2 2 > 110% Sep 17% Dec Deo 50% X .6 . 31 Jan ,20 Feb Jan -Jan : 2 > Apr 20 Dec 2% Jan Deo 27% July 7% Deo 13% 10 July 23% July Feb AAA/ ■■■'•< 6% Apr 29 17 Jan 2 2% Jan 59 Jan 100 — No par 12% Dec —100 132 —5 No 2 : 5,500 Owens-Illinois 1,900 Pacifid Amer Fisheries Ino——5 Co 12.50 Feb 13% Feb 12 2 84 79 9 29 17% Dec ; Jan 4% Jun 22 Deo 10 Feb 9% Jan 104 'ft Jan 6'/« Dec 2% 143% Sep 30 27% Dec 30 Sep Dec ! 17% Jan 140 Jun ,16 Jun 26% Dec 56% Oct 24 38% May 52% Dec 8% Jan 27 28 7% Apr 1% Apr 10May 12% 48 42 Jun 2b 43'A Apr 25 par 6% 28 6% Jan Mar 20 xl6% Apr 18 30% Dec 2 2% Apr 28 11% Mar 12 No par preferred——-A—— Outboard Marine St Mfg— Outlet Co : Glass Aug ft ft ; 14 * *27% :> A Jan 29 1 A:AAA:fA'■> Otis Elevator—. 4,600 143 27% *44 % 470 . 3% 16% 142 27% 5,400 68'A 3% 16% 142 27% 3% 67 .3% 16% 142 27% 3% 66% 3% 16% •141 28 66 3% 16 142 , *27% 67 % 3% :ie% *141. 28 ' *44 67 374 60 10 23 >A:A A, "VAA>'V:v A A' 'k '■ Deo 26 Oct 11 Vb Nov . —————No par Oliver Farm Equip—.——No par Omnibus Corp (The)—— 8 2,500 42% Jan 116% Sep . 8 Apr 14 31% Apr 27 Ohio Oil Co— 16,300 , Feb 192 i' Jan 100 par 2.50 O 115 Mar 26 A\A,4% Jan No par —50 Norwich Pharmacal Co 2,300 Jun Mar 10 9'A Dec 50. 1 — • 18 23% Dec 39 No par Telegraph Norwalk Tire & Rubber 1,700 110 Feb ■ Sep 30% Jan ' 3 / 85'/a Apr 14 100 : No Northwestern Jan 2% Sep % Oct 39 50 tNor States Pow $5 pfd_ 20 112 6% Mar 31 —1 Northwest Air Lines 2,800 '• 37% Dec 6 108 Ry. Co.—_50 Northern Pacific Ry— 350 : *15% -16% 37% A 3% :A A 730,500 107% Oct 106% Feb , 143 : __50 North American Aviation - Northern Central 16% 34 8% A:- x7% A 107 100 preferred series— 6%% preferred series • 18 14 Jun Jan 8 Apr r 15% Apr 29 6% 95 *35% A 3% A 3% AAA 8% X107 16% 35% 17% 37% 3% 34 8% 107% - 108% *35%: : A 3% *31 8%.% ' Vb Jan 24% Dec May 8 2 100 Aug 4 V* 54 3 % Jan 19 . " - 3 '■& Jan 47% 8% 109 23% Dec Feb *25 Jan 12 May 20 ' Aug 20 80 100 Jan 18% 45 29 110 100 15% Dec 6% Dec 15 North American Co——————.10 400 Feb 15% Jan 60% Dec 100 —.A Deo 10% 16% Dec A 15 .—5. 600 48% 2 May 25 tNorfolk & Western Ry_— Adjust 4% preferred 1,970 113% 6 Deo 7 6 51 Highest I per share 26 13 12% Apr N Y Shipbldg Corp part stk———1 • 400 163 *012% A/ '•A\9% 10 preferred 5 Oct :: t per share share 17% Feb 29 Noblitt-Sparks Indus Inc.* 5.000 21%. Conv 4 A. Year 1941 Lowest 32% Feb >2% 50 fN Y Ontario & Western 1,000 23 KT% 161% 114 • 1,600 % A A 23^" 23% *111% 9% - 3,600 . 48'/a . 9% *92% 9% •ft X 32 21% *23 114 9% 9% A:vA% A I per 50 preferred-.* non-cum Dec Range for Previous Lots Highest 10'A Jan A par No par N Y Lack & West Ry Co *N Y N H & Hartford 550 44 10% 35 No par No preferred—— N Y & Harlem RR Co— .• *1% A/ i% 100 1 100-Share 23% May 21 6% Jun 24 A 11% Jun 11 par 100 preferred series A 5% >> 140 28 27% 44 1% AA 3*2 159% 9% 27 ■■ % 1% Si 1% 20% 100 No New 500 of t per share No par Central N Y C Omnibus Corp York Dock——_ 100 100 26% 23% 6% 6,500 18 1% AAA 23% 23% •' York New N Y Chic & St. Louis Co 1,500 Basis Lowest New York Air Brake i.soo 800 *16% On Far 1,900 A r8 % Range Since January STOCK EXCHANGE 37,800 >A 6% 6% ■17% a2 20%' NEW YORK Sharet 14% 6% *16% 'ft *23. 14 6% iV 1% 14% '> for the Week 38% 16% *88 27% % 1% - 14% A 38 64 100 27% iV • *1% 14% 14% ;A 64% *88 36% "37% 6% 16 64 ;:<v 16% 6 15 % V 66 *88 , Jan. 1 10% 12% Sales Friday 26% 10% 12 Vs *15% 27 I per thate 1014 ■; RECORD PRICKS HIGH SALE LOW AND Monday Dec, 26 Monday,'January 4, 1943 Mar 28 57% Dec 45% 150 Jan Jan P '■ *7% • *5% *21% ,23 *14 14% *12'ft 13 5% 14 13% *10 5% 22 13 32 A: 14 14% *10 12% 23% 23 32 32 32% 33 *11% 18% *18% 18% 91% 91 % ' 3% 8% A , 26'ft 25% 8 106% 2% *37 89 91 *147 148 '■ 148 *146% 148 3% 3% i'. 3% 8% 8% 2% 27 3% 8% 2% 2% 2% 25% 26% 25% 7 7 106% *2 : 38 e:r;A 26% 7 7 xl05% 16% 9 . *7 105% : ? i6% 16% A17A:> 1 %' 1% 15 15% ( 1% aa: 1% 23% 59 3% 58'ft 33% *12% :*• wi1'' 22% v *1%* 2 4% 4% - 40 *24 15 t 1% a, 'A 22% 18% *18% 45% *l'ft : 2 28% *1% 29% 4% A ' 700 29%- 4% ; " 5% 29% 4% 20,900 5% 39 39 39% 39% 40 20 20 20% *24% 5% 5% 5 5% 25 24 24% 3674' 36% 36% 67 67 67% 14 14 1374 14 24% A -75% 75% *105 *109 . *105 109% *8% *109 8% *74% 45% *2% 78% 45% 44% *3%. *65'% : 110 17% 4 3»% 17% 3% *34% 34'% 34 VB 34% 4% 4% 4% 4% :AA 4% 58% 57% 57% 56% 400 4% *56% 1,500 56% 8% 8% *140 *169 8% ft 140 A- 174% *169 4 *57 8% >4% A 60 v, *24% 174% *65 7: 66% *7 V's • 4% 3% 4% *55 24% 23% 65'A 17% 1% 13% 16 6% 16% 17% • 6% 17% 4 ';;- 16 Va 18 3% 17% 6 'ft 6% *6% 6% *6'ft 24'% 24'% 24'% 17% x6 6% 24'% 49'%. *119 49 Va 121 49 'ft 4% 4% 5974 *58 24% 24% 6% : 23% 1% 6'/a 23% 49% 120% 83 82% 94'ft 94% 94% 487ft *119 82% 94'ft For footnotes see page 4 6% 49% 23% *23 49% 49 121 *119 No par ;J 400 Co (The)— Poor Si Co class B 10,500 6 Vb 400 24% 49'ft • : 800 7,300 30 5% conv Procter 5% & .5 2d preferred 11% 10% 72% 74'ft 76'ft 82% 2,360 83% 84 85% 94% 2,120 t6% 95% No preferred. 95% 97 900 t7%. preferred. 520 8 % 107 *115 25% 107% 118 26% . .. 74% 107 110 110 *115 118 *115 ' 26% 26% 11% 110'/a 18,600 118 26% Pub Serv Corp of N J t$5 preferred—.. 111,100 Pullman Inc 19 i 4% 24 Sep 30% July 11% May Dec 17 Dec B0% July 38 May 27% Jan A 6% Dec Jan 27% 21 5% Dec 7% Apr 5 4% Deo 7% Jan 32% Jan 14 40% Jan 14 Dec 35% Jan 35'/. Dec 47% July 69 Deo 5 Apr 28 Mar 9 1 6 7 Jan 76% Jan Xl4% Dec Mar 23 105 Mar 110 Nov 27 80 Oct Dec 16 14 May 25 4% Sep 29 38% Oct 5 56% Dec 23 68 „ 35% 3% Jun 27 Jun 26 25 153 July 22 1 Jan 24 11% Jun 24 Dec 387/. Feb A 2% A, 27 23% Dec 4% 15 Jan 21 10% Nov 6 6% Feb 19 163 A 25 174 Mar 14 175 ' 6% Jan "5 ,3% 4 v 84 Jan Dec 15 Jan 166 181 , Dec 45'ft A;« Feb 3 24% Dec 14 26 6 Dec July 22 164 Mar 70 2% Sep 28 A May 21 14% Jan 9% Jan 65 Jan Jan 75% . Jan 15 July 164 Mar 1% July 13% Dec 17 10 18% Oct Oct Feb Jan 43'ft . Oct 51 Feb 10% Jan 7% •>, Dec 21 153 Jan Dec Oct . Jan 8% Dec 33% Jan 62 Jan 46% Aug Feb 5% Jan 105 64 July 7% Jan Dec Jan 6% 3% July 52 13 .A Dec July Dec Jun 21 July Jan 3% Deo 8% "4% Feb 13% Oct 2 8% Jan 5% Dec 13'/a Jan 7 8% Jan 6% Dec 13% Jan 6'/a July 111% 20% x Aug • 46% Sep 7 9% 62 73% 79"% 99 9 77 ' Feb 1% 21 42 . 4% May 31 65 . Sep 110% Deo 51% May 5 46 May 23 Jan 16 ;v<.9v Jan 12% 89 ?a Dec 107% Oct 91A July 8% May 72 Dec 3% Dec 29 4 : May 2/ 47V2 Apr 28 Dec 29 Dec Nov 22% Jun 100 23% 17 79 16 5% Jun , 21 ■ 30 19% Oct 115 ————No par * Dec Aug 41 par No par 18y» Aug 2% 7 9% Jan .100 pfd $5 Dec 24 T100 i—100 - % i 7% Jan 15% Jun 8 3% May 21 No par No par preferred Pub Ser El & Gas ' 26% ,, -50 Gamble—— pfd (ser of Feb 1 '29) 25 €4 51% Feb 6 Vb Jun 1 1st preferred 25% Apr Dec Jan 29% Jan 58 No par 6 'ft Dec 20 36% Apr 28 May 26 ' 20 No par 72 11 Vb 5 No par Postal Teleg Inc preferred Pressed Steel Car Co Inc Dec Jun 26 165 i; —5 4,500 121 26 30 6 7% Apr 29 165 Feb 19 No par Pocahontas 71% 11'ft , 100 8,400 conv 6 Dec 17% 2 « 26% Apr 24 4% July 2 No par 4 Vb 5% 2% Oct 2 ; 1 17 % Jan 3 —-.100 187/a : ■ 47% Dec 6% May 12 100 Plymouth Oil Co.. Pond Creek 23% Jan 65 May 6 30 Apr 27 5 1% Feb 25 10043 ' May 2 25 15% Jan 3 preferred Plttston 25% Nov 2 —a—100 No par preferred 10% A 26% 4 6% 82'% 26 18% 6'ft 83 ,26% *18 18% 6% 94% 26% 700 4,600 6% 120% 116 1% 14'ft 6% 49% 108'/2 1% A> 14 6% 24 11% 107% 600 — 17% 72 *115 130 7% 17% 10 7% 1167% 67% 7% 17'ft 71% •*1147% 1% 14 3% 1774 11% 109 *64% vAA 2 20 Apr 4 Pittsburgh Steel Co—.—i—No par 7% preferred class B 100 preferred class A——.100 5%% 1st ser conv pr pfd 100' Pittsburgh & West Va —100 Pitts Young & Ash Ry 7% pfd__100 10 840 17% Aug 112% Mar Jun 2,700 ;• *147% 18% 4 71% 94'ft .7'ft 58 Dec 103 Pitts Screw & Bolt 24% 108% 4 May 20 8,900 •4% : 108% Feb 27 May 5 No par $5 conv preferred—.—.No par 7% 52% July Dec 19% Jun Pitts Coke & Iron Corp . Apr 11% 18 Pittsburgh Forgings Co.——I—..1 Pitts Ft Way & Chic Ry Co 100 24% 65'ft 13% 18 71% 82 Va A "4% AAA 58 25 6% a 34% °8 2,100 174% 4 A. 3% 4% 59% 9 *165 3% 7'% 14 8% *140 174% 65'ft "l% 11% 108 Va A 8% J»>>a!>r y *147% 120% *120 3% 7% 1% A 3% *165 3% 66% 14'A '•A. 8% 174% *7 Vb 1374 4 % 90 *140 65% 1% 17% A 2,400 *347% 14% 1374 1,200 8% A- — 1% . £ 7 VB 7 Vb *147% 1%, 4 - 5974 24% 65'A 7% *147% *165 4>- 4% *57 25 8% 34% *140 374 *4% 34 21 21 Aug 12 100 —i. Sep Sep 3% Aug 3% Jan Dec Jan —.100 ———- 89% Dec 1% Jan Dec Pillsbury Flour Mills Pittsburgh Coal of Pa • 2 Apr 1 Apr 27 Jun 3 Apr 24 series—. 73 15 4 ^.10 4%%; series Phillips Jones Corp 7% preferred Phillips Petroleum.Phoenix Hosiery Preferred 17% *3% 4 200 70 *65% 17% 8,500 3% *2% 70 4a A 45% Preferred 4%% . 54'ft 15 22 Philip Morris & Co Ltd 100 109 45% *2% 18 *108 8% 105%' *78% . ■i 70 79 26 Sep Jan 14% Dec 43% Mar 36 $6 preferred —No par Philco Corp.——3 *7% A 8% 78% 78% 3% *65% *17% 109% *7% 7874 45% 76% A 105% 106 Dec '4 1 Jan 44 28% 49 : 7% 55% 3,400 14%: 82 15% Mar -No par 2,000 13% 76% 76% 106 170 Dec Apr 56% May 1 1% Apr 14 \ Phelphs-Dodge Corp 25 tPhiladelphia Co 6% preferred.—.50 490 20% Jan % 6% 1 16% July r - Dec 6 Dec 36 Petroleum Corp of America —5 Pfeiffer Brewing Co—No par 23,400 . , ^ 30% 20 60 18% Jan 5 Co.—.......100 100 preferred..-*.. ... *100 Pet Milk Co— Oct Jan Dec 1% Nov 15 104 —1 5% prior preferred 18 A 2 Dec 29% Oct 1% Jan 2 Jun 30 May 15 50 i 17% Mar Dec Dec 14% Apr 1 Jan 16% 115% ■ 11 100 6% 2,500 67% 24 Feb July Jan 32 100 Co 37% 106 Feb A 95% Apr par No par 100 ' 5,000 37% 66% No —No par* Pere Marquette Ry 600 37 preferred:— J> —10 — 2,470 5% 10 8 17 Dec -Jan T% Feb 8 2 44 No par Coke Corp.. Cement— Pepsi-Cola 2,200 1,080 19 5 AA } JPeoria & Eastern Ry Co. 100 1,200 29 % 5% Co par 19% Dec 17% Oct 13% Jan : Pennsylvania RR—; Peoples Drug Stores Inc.. Peoples OLiiCC (Chic) 20,600 18% 46 19% 24% : Penn-Dixie .A 38% 5 10 —No • Penn G1 Sand Corp. Coal Si l'/aJan No par $7 conv pref ser A 100 -*1% A 2 ,>'2A,"A 29% 4% Ford——; & 3,100 19 39% 19% Penick 14% Oct 28 Jan >10 May 14% 1% 23% 19% 99 2 13 45% 8 19 >13% Aug 3 A A Mar 20 33% *18% Dec • Aug 4% 9% Aug 3% Jan ' 123% Oct 100% Apr 23 1 Enterprises Penn 23% A 18% 46 11% Apr 24 A~% 2 2% Oct 101 V Nov 38 Apr 24% 1% 23% 46 2 6 : 7%* Jan 2 Penney (J C) *106% Jan Mar 10 9 '163' >■ 28 18 r33'/a *106% - 22% Dec 14 1,200 13 1% Jan 1,800 1% 13% Dec 2% Jan 3% . Dec 4% 28 Dec 8% Jan 106% Dec 28 20% Apr 28 90 . Apr •l'ft 29% Dec 600 34 5% .A 1 A27 8 Sep 19% Aug '126 ' Jan Dec 147% 2 58% *32% 66% ■ 6% Dec ? A95 19% Apr 29 *57% 81 Feb Oct 14 1 No 58% *3% Jan 11 par — Parmelee Transportation *13 m Inc Davis & Co— Patino Mines & 81 40 Parker Rust Proof Co——2.50 1,800 '• 22% & Tilford Park Utah Consol Mines 3,300 • Parke 6,000 3% Dec 3 101 par .——100 3,900 80 A 26% l%Jan 2 11% Apr 23 .—1 No 1% 3% Jan 12 Nov 2 5 Inc.; 24% 1% 2474 24% Cos 1% r80 Jan 28% Oct 21 5% Jan 5 Transp 6,700 A 15 • Nov 11% Dec 9 10 Pipe Line Co_100 24% 13% 5% *36% & 1% 33 5% 5% *5 24% • 15% Dec A19 Oct 9 13% Jan 3 101 "Jah 2 74' Apr 25 1121 A Apr 9 4 > 148% Nov 4. Nov 19 1'ft Mar 6 - —1 Airways Corp Petrol 1st preferred— Park 200 1% Apr 6% 17'ft par No par 24% 3% 2474 , 16% 28 4% 12 34 i% conv preferred100 Paramount Pictures Inc.——— 1 6% 8 19 J27 Corp 58% 7 58% 81% 4% 19 . 1% 45% : 2 39 19% , 19% Oil 24 *18'ft A 29% 4% k *16 15% *106% v 18% 29% 16 15% 32% I' 47 A:AA*i% 30 29% 16 15 *13 22% A 18% *45% Paraffine Oct Nov 22 % Apr Panhandle Prod & Ref 2,200 300 1% 1% 12% 18% *45 % Western Pan American 10,000 27% 3% 33% 45'ft >17%, 40 33% A'-.*-' ; 16 par Packard Motor Car '1,000 I 36% 17 i'ft 1% >106% A' 22% vA.v.-t. Panhandle East'n ' 3% 1% 12% 22% Pan-Amer 220 120 27% 58% ' 3%. , 600 16% 1% so% ' 13% *106% 82 ' 40,200 7% *116% 15 *vA*. 58% 82 A 1 ' 27% 1% ' 17 118% 1% 23% 1% 50,900 101 27% 1% ' *3% 16% 1% 23 % . A- ' 1% A 33% 16% 118% 1% 82 Pacific Nov 24% Nov 5 28 100 -6 9* preferred—.———100 Sep 7% Nov 25 % 21 Jan Pacific Tin Consol'd Corp_ . 7 & Teleg—: 2,700 2 *95 27 15% -1%. a 59 82 16% 118% A '23%;: 24% A 24 16% 1% *15% Pacific Telep 26'ft .36% 101 10 15% Apr Mills 4,300 *1% 36% *95 118% , 28 :'i; 36% 101 17, A v" AAA* 16* A :: '1% 27 37% *97 Pacific 105 % 25% 105% 2 900 - 8 ..No Ltg Corp 2'ft AA*7"'A' par — 17 *16 A A: 28% 2 Pacific 20 8 25 Electric & 9'ft 2% 7% No 6% Oct 25% Oct 4%Apr27/*\ 16 Apr 28 9 % Apr 27 No Gas 3% 3% *9 - 105% 106 2 ■: 36% •. r 118 ,118 28'ft 1% 37 101 *97 120 *16 2% . 36% 101 *116 A 89 : Pacific 1,000 18% 148 105% 2% *100% * 18% ' A; . 18% 89 2% 26% .: *7 *105% . 18% 6% Mar 27 __10 — ———No par Corp (Cal). 7,000 120 18% 90% 9 Co.. Pacific Finance • : 89% 3% 8% 2% . 2% 2% A '3% A Coast 1st preferred 2d preferred— 12% ,18% A *147%' 148 Pacific 310 23% 31% X22% 31% 91% 148 15% 13 *18 8% 190 23% A* 90 *147 250 32 *31% :'A 3% 6% 23% 22% ^ *31% 5% 23% 22% 22% ' 22% , 22 ' 22% i 10 Feb 17 Feb 16 Jun 3 Mar 30 Mar 31 Mar 30 Mar 30 Mar 19 July 2 5% Jan 21 21% Dec 52% Oct 21 50 Dec Oct 16 115 Jun 14% Jan 8 29% Jan 122 86% Jan 11% Dec 40% 61% 120 29% Jan Jan Sep July Jan 14 75% Dec 110 14 9 92 Dec 123% Jan 106% Dec 137 Jan 117 ; 114 • Dec 158'ft Feb Dec 117% Oct Dec >29'ft July 199 % Jan 111 Jan 123 Jan 6 116 Oct 8 f 28% Nov 20 19% Jan I per 11 106 *105 share NEW for Sales Lowest 200 103% 92 92 92 1,400 91 92 91 91 91 91 13% 13% 13 13% 13 13% 13% 13% 13% 13% 2,800 10 10 9% 9% 9% 9% a9% 9% 500 ■10% 4% 4% 4% 58% 57% 58% S per Par Shares 92 Pure (The) Oil 29 7 4% 4% 58% 58 Va 58% *53% 21 3% 3% 3% 8,100 <*53% 54% 200 53% 53% 53% 20% 21 21 21 *20% 21 10% 11%-" 11% <12 *26% 26% ' 26% 26% 700 14'/8 14% -14%, 2,000 10% 10% 11 V; 10 26%, 26% y 26% 26% 13% 13% 14 13% 14 28 *27 *22% • 27% 22% 2% >■ 3 70 *65% *20 21% *22% V 2% 19.% 19% 12% 2% 22% 19% ■ 6 12% 12% *13% 12% 12% 12% *69% 70 *69 44 *41% Deo 12% 8% Mar 11 10% Oct 26 8% Apr 12% July 2% Mar '5 59% 90 3% 54% 22 12 30 2% Dec 4"% Jan Dec 19 Dec 23 Dec 17 Dec 8 47% Dec 62% Jan 85 Dec 88 2 Dec 3% Jan 38% Mar 55% Oct 14% Dec 21% July 8% Dec 18 % July 23 Deo 29% 43 *41% 13% 75 •% 73 5% 5% 85 Va 85% 63 61 61 ? 7% 80% 5% *8% 34% 7% 7% 7% *8% 9% *8% *5% 6 7% 8% 8% 8% 6 6 6 20'A 20% 11% 11 Va 43 43 30 5 *5% 8% 37% ;• 114 *% 16% 1% •// 1% 62% 53% 54% 9% 9'A 9% 8% 9 5% 5% 5% 9% -*31% 31% 31J/a 31'A 18% 18% 18% 5% 18% 32% 18% 17% 16%: v 1% 16% *1% 21% 21% 2% 16% 16% 16% 16% 16% 1% 1% *1% 1% *21% 22% 22 22 29 y4 29%, 77% *76 ; >Z *14% 16% 9% 10'A 9% 10 Va ,-:r 17% 2,900 18% 19 15 15 % 16% 16% 16% 16% 9% / 10 Va 2% 2%/ </ %v 10 2% 2'/a 15% 15% 19% 19 19% 19 19% 19% 19% 11 11% 15% 15% 15% 16 2% 2% 3,500 16% 100 20% 20% 20 Va 3,600 22% 15% 15%: 2% 2% ■-■;-/■;'?M 15% 10,200 7,100 41% 100 2% 2% 1,900 2% 1,000 2% 2% 2% 34% 22 22 32 23% ■'//:: 36 340 23 23 1,300 23% 31 '■■:. 24% 34 34 24 24% 23 Va 23% 23% .24 34 34 33% 34 *33 33%/: *33% 34 *56 58 *56y8 58 *56% 58 Va *56% 58 Va *56 Va 3 2% 3 2% 2% 2% 2% 2% 35 35% 35% 35% 35% 2% 36% 35% 35% "36% 35% 35'A 36% 35% 4% 35%* ' 35% ' *107% 49 49 %> 700 19,200 1% 100 % % 1% 1% 4 103 ' 1% 9% 9 9% 9% Va . i. 1% 8% / 4 *100% 4% 45,400 100 103 % iff 10,400 1% 10,900 9'/a 9% 9% 9% ».. 1% 1% 1% 1% 10% 10% 10% 10% 10 10% 10% 10% 10% 28% 29 28% 29 28% 29 28% 29% 29 29 28 i/s 28% 28% 28% 28% ■ California Edison % 1,000 91% : Standard Gas & El Co preferred nrior prefprred Standard Oil of New 28% 29 28% 47 46% 46% 45'A 46% 46% 46% 46% 46% 22,500 37% 37% 37% 37% 36% 37% 1,500 Standard Oil of Ohio 1,200 Starrett Co 1,400 Sterling Drug Inc 5,400 Stewart-Warner 4,800 Stokely Bros & Co Inc 22% 24 23% 25 25 25 59% 59% 60 60% 62 62 59% 59% 7 6% 71/8 67/a 7 6% 7 4 3% 3% 3% 3% 3% 3% 5% 5% 5% 5% 59% 59% 7 *3% 51/2 5% 5% 5% V. 7 , 7i/a 3% v 41/4 5% 5% " Studebaker Corp 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 14,000 49% 49% 49% 48% 48% 48% 48% 481% 48% 600 128% *127% 3% 12% 1% 3% 13 1% 127 128 1271/4 *127 128% 127 127 3%T 110 6,400 3% 3% 3% 3% 3% 3% 3% Xl2% 12% 12% 12% 12% 12% 1»A 12% 12% 3,500 li/4 li/4 5,700 1% 1% 1% 1% 1% *15% 15% 151/a 15% 15% 15% 151/4 151/4 15'A 1,500 *25% 26V4 *251/4 261/4 *25% 26% *25% 26% 26 261/a 600 4% 4% 4% 4% *4% 41/2 4% 4% 700 22 i/s 22% 22% 22% 22% 22% 22% 22% *4% 22% For 5 22% footnotes see page 15 19 J 4,700- Corp__ Sun Oil Co July 8 Apr Apr 47 Sep Dec 113 Jun 12% Jun 23 Sep 8ya Apr 17% Sep Sep 3 Dec 28 31 Dec 39% par 109% Aug 17 116 Jan 10 109% Jun 115% Mar 113'A Dec 11 107 Dec 112 106% Jan 9 % Jun 11 -fr Feb 10 ya 26 % 11% % Dec 17 Dec " Sep July Jan 1% Sep '17'/a Dec % Dec 18 10% Apr 23 1% Dec 31 July 3% July 1% Apr 62% Nov 30 49% Dec 78% 2 4% Jan Jan % July 17 6 43% May par 11 y4 Dec 30 4'A Dec 10% 3% Mar 24 Jan Jan 30 60 Jan 6 48% Dec 71% Jan 9% Dec 5% Nov 4% Apr 29 54% Apr pqr 5 100 par 15 , } 7% 28 3% Nov 66 29 4% Mar 6 30% May 21 10Va Apr 24 2'% Jun 30 11% May 6 % Apr 14 20% Aug 26 19% Apr 23 65 Apr 29 108 July 10 15 % July 28 9 Apr 15 13'A May 18 6'% Mar 11 1% Mar 6 14 Apr 17 17 51% Nov 28 (The) Apr Feb 32% Dec 40 18% Dec 28 10'/a Jan 16% 4% Jan 14 Dec 18 1% Dec 1Q 1 Nov Nov 9 22 Oct 30% Nov 18% Feb 35% 17 27 2 11% 30% Oct 23 Jan 20% Jan Jan Jan 6 Feb 25% July 15% Nov 5 Jan 15 Sep Feb 4 13% Feb 18% Nov 10% Dec 23 7% Dec 10% July 17 14% 9 122 % Nov 20 144% Jan 27 25 -7.50 14% Apr 29 9% Apr 20 10 Jun 2 21% Nov 10 12% Jail 5 18 Va Nov 4 12% May 20 23% Jun 2 18% Feb 5 11% Oct 13 19% 100 34% Jan 100 Mar 2% Sep 29% Sep 27% Jun Dec 108 39 1% 2% July Dec 13 Feb 19% 13 Jun 23% 120 Aug x 16 Va 150 Aug Deo Mar 27% X10 Dec 13 Va Sep 8 50% Mar 24 Dec Jan 14% Aug Feb 19% Jul., Feb 36% 23 Va Mar 37% 2 Jan No* Oc,; Jan 1 May 6 2 Dec 59 July 30 60 Mar 24 Nov 6 17y4 Dec 22 31% Jan 6 27% Dec 39% July 37 Mar 24 27% Apr 38 Va July 60 Jan 3 54% Aug 60 4% Jan 45% Jan 14 Aug 24 3 3% Feb 6 38% Jan 6 Feb 11 114 6'% July y July July 69 Dec Dec 3 34% 31% 6% Dec 57% Jan Feb 40 Va Aug Jan Dec 117% Aug 47% Dec •48% Deo 3% Dec 6% Jan 111 49% Jan 6 113 Jan 8 5 Jan 6 110 Jan 8 3 y2 Oct 27 % Apr 25 5% May 14 2'/a Oct 14 % Dec 4% Mar 11% Jan 14 8% Dec 21% Mar loy4 Dec 40% Apr 109 % Aug 2% Apr 29 89% May 2 A Sep —No par No par No par —No par —25 6 18 20 Apr 28 Mar Apr 30% Apr 25'A Apr 22% Dec 42 Apr 5% Jan No par 10 14 28 24 28 29 24 25% 34% July 46% Nov Deo 47 Dec 24 33 Feb 40 Nov 23 33 Dec 48% Aug Jan Jun 34% Jan 16 29 Dec 40 62 31 51 Dec 66 Dec 6 27 3ya May 27 20 Sep 16 22% Mar 17% Mar 25% Mar 8y8 Nov 13 28 20 13 Jan 14 4% Jan May Apr May Feb 1% 26 9 11% 1 9% 17% Nov 113% July 31 Dec 2 4 »/a Jun 13JA Jan 16 2 28 13 28 ' „ 29 % Dec Apr 3% Jan 43 Apr 116% Apr 3% May 1 108 29 3ya Mar 5 1 No par Oct 112 114 26 49 Jan Feb 26% Jan 20 30 28 14 28 16 17 16 24 21 9 10 Jan 2% Dec 17 JA Jun 27 Nov Dec Apr 21% Dec 30 Sep 21% Dec 95 30 100 Dec Jan 111% 2 113'A Dec Jan 5 Dec 3 Apr 24 Sep Aug 27 16 1% 1"% 31 17% Dec 6% 35 2% Jun 5 59 Dec 4 15% Jan 1 (4%% cum)__—100 Sunshine Mining Co— —100 Superheater Co (The)—;—No par Superior Oil Corp— 1 Superior Steel Corp 100 Sutherland Paper Co —10 Sweets Co of Amer (The) 12 % Swift & Co— 25 Class A pfd 4 35 106% x 39 No par Webster Stone 49% *127 & 11,800 Feb Apr May par Jersey——25 25 L S (The) % Va 6 94% No par preferred- Standard Oil of Indiana 24'A 39% July Dec Jun No par ; 11,800 23% Jan 79 No par $4.50 preferred 29 38 48% 23 No par Standard Oil of Calif 25 Aug Oct No par 6,100 37% 14% 98 No par Brands Jan Dec May 15 25% Apr 16 78 2 —. 16,100 24 % 28 Jan Nov Nov 21% Dec 21 12% Apr 1 10% 37% 19% Jan 9 Jan 5% 1% July 23 Jan 21 27 27 3 No par Inc_ Conv $4.50 preferred 46% * Dec 42 3 1 29% 38 9% 22 —No par - Spiegel cum Apr 8% Jan , 1 No par - Spicer Mfg Co $7 Aug 2% 110 No par Sperry Corp (The) $6 cum prior 12% 14% May Sep Spencer Kellogg & Sons—No par $4 Jan Feb 6 Jan No par Ry— preferred Mobile & Ohio stk tr ctfs Standard 53 % 7% 10 .No par Squibb (E R) & Sons $5 pref series A - 34% Dec 100 preferred 200 4 10% Dec 100 So Porto Rico Sugar Square D Co 5% conv preferred *100% Deo 4 Dec Greyhound Lines— Sparks Withington Spear & Co.. $5.50 preferred July 49% 44 No par Snider Packing Corp 2,500 4 Va 101 95 52 Socony Vacuum Oil Co Inc South Am Gold & Platinum— 35% % % % 1% x4 *100 4% 4 100 100 Dec 22% 2 x9% Dec No par No par t c 35% 49 75 % 7 23 10 Smith & Cor Type v 1,700 110 15% July 14% July Smith (A O) Corp 36% 49 7% Sep Sep Dec Dec ———No preferred- 35% *113 *113 *112% *112% Sep 80% 6% Jan Jun —15 $3 conv preferred A 3 *107% 110 *49% 110 49 / 36%'/ 16,700 58 Va ' '• *112%. *98% *109 49 *47% 49 *47% 110 *108 110 *108 ■/: /:/ 129 Apr Feb 7% Sloss Sheffield Steel & Iron 5% Jan Apr 60 Jan 104 No par Southern 36JA Jan 11 6 . Southern Pacific Co 15% 97 Dec 97 5 10 25,600 41% 101% Dec 4% 2 No par , Southern Natural Gas Co 36% Aug 77 29% Apr 30 Coalition Mines--—5 Skelly Oil Co 8% Jan lO'ANov Petroleum— S'eastern 22% Dec No f&r No par 15 Pen Co Simonds Saw & Steel $6 Dec 96 27 15 7 34% Jan 26 Dec 14% Dec par Simmons Co Simms Apr 3% 14 No Shell Union Oil Silver King 61 Deo par (Frank G) (W A) Dec 2% No par $3.50 conv pref ser A Sheaffer 34 Apr Sharpe & Dohme Shattuck Jan 9% July 8 Corp„ $5 conv preferred Southern 15%4 / 2% Steel 67% A 1 1,300 41%// 22% No Inc Sharon Dec tv No par __ 15% 15% 2% Servel Nov 53 % 9 __ Co Jan 10% Dec 22 5 Corp— Sears Roebuck & 12% Apr i7rt Nov 100 preferred Seaboard Oil Co of Del Apr 1 % Sep par ^Seaboard Air Line— Seagrave Nov 3 No par 5,100 Zl! 36%-. 2% 36 22% , No $4 preferred 4-2% 16 7% 23 26 9 47% Nov 20 , 5 / No 11% 21 20% *11 14% 2% 21% T ■. •• 15%' *40% 45 36 23 n%: ■ 35% 14% 35% 2% 49 *36 11% 35% 2% 2% 2% 23 20 11% *40% 43 2% 20%: 20 10 135 *130 135 *130 ,.■/ 14% 35% 35% *40% 2% ' 15 14% 14% 36JA • 15 ?■ 41,700 *15% 19% 11% 1,000 10% 16% 11'/a 19% 11 -16% 10 19% ; 135 *129 129 800 *15% 2% 15% 129 .90. 2,800 19% 15 2>/a 19% 190 78 113 // 113 113% *15% . y:' 14% 2% 49 300 30'A 17% 15% *2% 22% 113% 2% *22% *21% 16 *15% *36 300 17% 113 113 17 2% 3,600 1% 75 16% 43 16'A 1% 30 !A 16% 14% 16% 1% *21 2% 16% >. 1% 2% 30 16% 36 2% 77% 14% *40% 5,500 > 5,900 77% 17% 129 18% 29% 112% 19% 17% 29% 13% *127% 18 % - 77 17% 100 31% 77 112% 4,400 31% 29% 14% 1,100 5% 5% 77% 17% 11,100 66 29 Va 112% 510 , 9% 9% *63 %| 29% *13% 10 54 53 *77y8 . *17% *112 2% •• 2,500 9% 8% ' 32% " 2% 2% 17,800 22% V 2 Va 2% V 11 Va 5% 32% 18 1 10% 63 5% 32 V 2% \i ■ / 900 8,300 9% 9% r63% 5% 1% 62% 53 52 9% 1% 61% 9 8% % :y i,6oo 16% 16% 700 11% 10% 8% : 1% 61% 10% - 6,400 {& 62 1% 2 64 f 64 5% 16% May Apr 9% Mar 5 Jan 23 Oct 21 Mar 3 Jan Jan Nov Nov Dec Nov Sep Nov 2 100 preferred $4.50 32 mm \ Scott Paper Co ■ 61% 53 //; 53 64% 64 64 16% 10% 10% 8% 64 16% 16% *1% 8% y' 8% 55 *54% ; ll 700 "lO 9% 6% 21% 13% 5 400 114 54 9 Jan 53 ,7 6% 2 Jan Aug 2% 22% Mar Jan par Savage Arms Corp Schenley Distillers Corp 5%% preferred 110 3t 60% 10% 9% A Y!t 1% 10% 10% >106 % % 62% 61 110 110 110 % >113 A ,.//. % $ / 16% 16% 1% 62% *16% % tt % ■ 10,000 24 Dec % Jan - i8,aoo Deo 1 33 100 97 38 114 23 100 No _ 19% 74 Jan 20 8% Jan 5 85% Jan 19 5% Oct 23 27% Jan 27 May 22 May 20 Apr 29 Mar 9 Apr 23 34% May 13 100 preferred— 21 y8 *951% >113y2 114 5 % 19 100 $St Louis Southwestern Safeway Stores 5% preferred 27% 100 — - 38 97% ■ /' A yy- \J *106 110 *108 % y *1131/2 130 preferred 18% July Dec 19 X 20 31% Nov 9 6% Apr 28 6% Apr 30 3% Jan 6 16 Feb 19 7 May <20 ..10 Joseph Lead Louis-San Francisco— 6% 10 9% 37% 50 3,700 105% 1051/2 20% 37 30 9 20% 38 38 V 3% *95% // 3,200 35 20% 20% JSt V/ % *6 9% 9% St 2,100 Dec 13 Jun 8 100% Dec 15 V 86% Jun 22 7% July 30 129% Aug 10% 22% Dec 31 71% Dec 18 49 Nov 14 5% Dec 5 x94% 70 4% , ' 78% 54 V; 6% 75% 3% _ Dec 6 13% Sep 11 1 Republic Steel Corp No par 6% conv preferred 100 6% conv prior pfd ser A 100 Revere Copper & Brass No par 7% preferred —100 5%% preferred 100 Reynolds Metals Co_ No par 5%% conv preferred 100 Reynolds Spring 1 Reynolds (R J) Tob class B 10 Common 10 Richfield Oil Corp— No par Ritter Dental Mfg No par Roan Antelope Copper Mines Ruberoid Co (The) .No par Rustless Iron & Steel Corp 1 $2.50 conv preferred; No par 4,800 17 31 3 2 Mar 9 38'A Jan 6 2% Jun 22 7% May 18 100 Rensselaer & Sara RR Co Reo Motors v t c_. Dec Dec 26% Feb 15% Nov 28% Nov 23% Sep 3% Nov x55 25 Preferred with warrants A 34% 106 105 Corp Mfg Co Remington-Rand 28% 3% •/•.. 9 35 34% 9% 98 *96 39 *1131/2 110 *108 97V2 38% *113% 116 20% 21% 96% 38% *38 9% - 21 97 97 10 9% 9% <10 21% 21% yy *6 70 .<■ Stores ' hi % y *3 5% 105% 44 *41% ;;44 4 3% 36% 105 105% 105% 106%, 11% 1,300 1/8 5% 3% 8% 37 1,300 11% 28% 35% 4% *5% '36% 20% 28% % 600 11% •;v'< 32 m % % *3% 400 6 % % 7% 9% 6 28% 29 % A % *3% *105 28% 30 29% 30 3,800 20% 11% *41% :/§ fe 34% // 21% *20% 11% 45 29% , vV 20% *43 78 3,500 24,200 34% *11% 37% 5% 25 y8 5 5 Va 230 79 79 79 Va 34 45 '#■ 5,100 36 12 iV 7% *34% *41% *% 63% 7% 24% *11% 78 *61% 24% ;r: 7% 60 87 260 7% . 4,100 5% *85% ■ 23% 7% 20% 21% 21% 200 24 8% : ■/•■■■ • 170 74 5% 5% 4%' 5% 95'A *73% - 63%- 78% 80 14 95% 85% 7 34,800 13% 4% 7% 6 '■ *61% 7 ; 72%" ■&:. 85% 7% 6 9 *5% 4,300 23% 36 *34% 7% 7% 90 4'/a 5% 23% 36 42% 4 24% 5 24% 42% 97% 5% 5% 85%: 61% 79% 80'A 79% 5% 24% 400 14 72% 7 5,400 4% *95'A 75 61 7% 7 7% *79% \ 5% 86 *34% 96'A *72% 85% 5% 5% 13% 95% 73 96% *73 13 69 41 13% 14 95% 14% 95% 14% *95% 12% 69 4 4:./: 4 Reliance 69% 41 42 Va ' 4% 4 Va 4% Reliable .,—100 No par 10 1 1st pfd & Co Dele 30 39 Jan 15 70 Dec 15 11 Apr 30 %: 22 Dec 31 6 Dec 7 7% Feb 2 10% Mar 11 16 Dec 15 5 —-100 Hosiery 6 6 25 23 4 Mar Apr Apr Jun 15% Jan 2 7% Jun 8 23% July 1 11% Apr 16 23% May 28 20 May 28 1% Jan 13 No par 1 25 50 50 50 2d preferred (Robt) 46% 88 2 34% —— 1st preferred 200 14 12% *67% 69% 68 70 *41% Reis Oct 8% ,-.10 Reading Company 800 6% *6% *13% Raybestos Manhattan Inc $3 preferred — Silk Aug v Rayonier 4% Dec Dec 95% 9 -No par $3.50 conv 1st preferred—No par $5 preferred B—; J. No par Radio-Keith-Orpheura 1 6% conv preferred -100 Real 12 107 % 14% Nov Corp of Amer 4% Mar 83% Feb 9% Mar 11 Quaker State Oil Ref Corp Radio x $ per share No par Preferred /V/ 200 22 ■' 6 14 v 13% 500 70 *22 21% 21% . 13% 200 " 3 66 70 *66 100 22% 2% 2% 2% • 8,600 28 *26% 22% 14 *13% 12% 27% *22% 6 6 .6 6 13% *26 22% 70 *66 70 19% 6% 13% 14 * *2% *65% ■•- 27 27 22% *2% *85% *60% 1,700 <: • 26 Va 14 100 *85 21 20% 13% 4 y: : 1,300 58% 57% 57%100 78,300 5 53% *26% *6 Z 4% 3% 3% *10% 22% " 5 57% *85 10% *27 • 4% 54% *53% 54 Va *20% 3% 3% 3% 3% *3% .'•V 100 *85 100 *85 100 *85 v. Feb 94 23 r 4% 7 11% Dec 92% Dec 17 Highes. t per share share 106% Dec 80% Jun ///.l Q *10 $ per share Apr 28 7 100 100 preferred-: preferred Purity Bakeries conv Year 1941 Lowest Highest 90% May 13 No par — 6% 5% Range for Previous 100-Share Lots Basis of On STOCK YORK EXCHANGE the Week 24,900 11% 11% *106 108% 106 106% 106 S per $ per share 11% 11% 11% 10% 11% 106% Jan. 1 Dec. 31 $ per share I per share share >106 11% 11% r S per share Dec. 30 Dec. 29 Dec. 28 Dec. 26 Friday Thursday Wednesday Tuesday Range Since January 1 STOCKS SALE PRICES LOW AND niGH Monday Saturday chronicle the commercial ft financial Number 4139 Volume 4% Dec 3% May 8% Jan 6% Nov 6% Nov 20 4JA Dec 8% July 7 3% Dec 8% 6% Nov 50 Apr 66 Va Jan Dec 55% Jan 9 Dec 21 117% Jun 126 July Dec 9 Jan 21. 128 14 3% 15% Jan 9 12% D®c 1% Jan 14 1% Dec 2% July 16 y4 Dec 18 9Va Dec 18 Va July 26% Dec 31 16% Nov 23'A 5% Jan 4% Aug 25 Jan 1 26 3 Dec 19% May "i Jan Jan 5% Aug 25 AUg THE COMMERCIAL & FINANCIAL CHRONICLE NEW YORK STOCK LOW HIGH Monday » Dec. 29 Dec. 2d X per share SALE t share per *27 V* 27% 27% 23 Va 23% 23%' 4 Va 4'A , 28 % 23V4 4 4 Va 4 27% 23 23% Dec. 31 S per share share Friday Jan. I Sales STOCKS for Shares I per share NEW , ■' •>%> the Week % YORK Range Since January STOCK. EXCHANGE > . 36 ■ > 7,500 3% 3% *3V4 8% 8% 41% 41% *3 *36%' 8'A 7% * 8 7% 7V4 18% 18% 18% 500 5% *34% 35 VB *34 V* *2% 2% 2 V* 6 50% 52 *50% 55 *4% 4'A 4% 4% 4»/b :800 34% *32% 34% 32% * 3 8 Va 3 > 27 1% 3 .Texas & Pacific Ry v 15% 15% 10 10 Vb 9% Third $3.50 10% Tide .28 *39% 40% 39% '40 6% 6% 6% 6 17'A 17% 17% 18 - 2 / 69 6% 6% *11 *11 11% 14% 26'A *4% Truscon Steel 14% 14% *25'A 4% 67 ,700 *25 $1,50 44% 45 7% 82% 81 *112 113% 9112 *105 105% Under Elliott 104% Fisher 79% 80 77% 77 23% 23% 23% 23% 25% 25% 24% 25 92% 91% 92 20'A 20 V8 20 Un Air Lines 1 United ion" Oil of California— Jnion" Pacific 19% *16 16% 16'A *109% *109 V2 111 110% 300,. ' > t\ ' 104,400 17 16% 7% United 28,300 7% . Nov 34 .V;. Jan V» Dec 1V» Jan 15% Nov 23 7% 12 United 5% 1,500 26 25% 65% 65 Va 5% 5% 5% 5 % S Va 103% *102% 16% 16 16%. 16% »; 3 3 3 5 .i. 5 5»A 86 *34% 36 *35 9 % 63% 175% 29 U S 63 V Feb 35% '43%Jan 6 37% Dec 51V» 28 6 la Dec 21 Dec 5 % Jan 18% Dec 28 Dec 17% Jan 12% Mar 17 4 Jan 3 % Mar 14 2% Nov -4 8 '/a 7 10 11% Jun 12 Oct 2 Nov 6 78% Nov 6 16 6 2 5 16 Va 5 5Va *38% 7 700 US 39% 5 29 U 4% 4'A 14 V* 14'A 109 *105% 28 par 63% Jan G 21% Aug .23% Jun 89 Apr ' .; 7% Apr 9% Mar 3 \ 30 4'J y36% 17 104?4 17 20% 10 17 26% 26 27% 102v 102 : 46 U 63% 63% 475/a 47% 109% 111% Jan 115% Nov Dec 112% Sep 11% Dec 16 57 Va Dec 85% Jan %/73-;: < Dec 24%' Dec 85 % Jan . - 28% 1 >1% 1% Dec 23 Oct 17 , * —5 , Dyewood Corp— 11- , Oct > 16 v 1 ' 4% Apr 15 - Dec 31 18 July 28 Electric Coal Cos—t- 6V4 Sep 13% 1 8% Dec 16 3% Nov 6 50 Jan 10 10 %. 1% Apr 28 100> 33 Va Aug 21 5 3% Mar 11 *13% •:'« .14 60% *151 Alcohol—. -No par No par Co 28 . 2 Vb Apr 28 1 2 V Jan cl A ——No — >22 — No Realty & Impt Rubber: Co—— . ——-10 20 13 > ; 1st preferred-, -.100., S*Smelting Ref &'Mih—i—50; —.100 Co--——---.No par; ,—*—25" ,2% Jun • 1% 16 8% preferred -x~— Universal Pictures * par ■ 100 1st pfd——100 Sep v; - Nov 5% July s Dec 42 -Jan 60 Mav 79 Dec Dec 10% 100 % Dec 8 V« Apr 2 V2. Dec .4% 2% 83 [L Dec 7% 37% 170 * 47/a 33 Jan Nov Sep.. 4 July Dec 93% Feb ' 9% Jan 26 Dec 18 Dec 29 Jan 14 Sep 21 Jan 14% 117 19 July 13 July Dec Dec Oct 69'/a Jan 183 Apr Feb Jan 9% Jun % Feb 43 Jun ; $ 33% Aug % Jun 23 10 Dec 31 Aug 7 Dec 26 5% . > V *; Mar 11 14 Jan 19 Jan 3 Jan Jan 4% Aug Feb 20% Dec 25% Dec 18% Apr . 10% 13 Va - >58 31% Aug 34'/a Feb 26 * Sep 2% July 69 47 ' 13 . Sep 19% Sep 65 Va Apr •; 76'/a Jan V' Dec 42 103% 70% Jan ;</ 130 Dec x Jan ":V^ > % Dec W .7, Dec 42 % Oct 29 Oct 15 Dec, 10 Dec 12 Nov 21 Oct 20 Dec 11 Dec 29 Jan 1% Jan V Sep -/ 16% May Jan Nov 437/a 140 : 133 64 May 157 Jan 162 Oct Jant 32 Vadsco 34 15% 8% 8% *25% 25 Va 8% 25% *115% *115'A *40% 53 : 41% 53 57 *53% 57 *24'/a 25 *24% 247/8 1% 2 2 117 *115»A *20% *116% 77% *126 * 7 Va *19% *23% 29% . 7% 37 Va. 117 37% 38. 117 *116% 20% 25 %■■ 25%-, 29% 29 V* 29 % 78 78 78 *129 133 . 133 22% 24 ' 7 Va 19% 23 . 6% 23% 103% For footnotes 7% 20'A 20% *100% see 103 Vb page 19 *100% 105 39%, 2,200 i 38% 117 . 117% 50 21' 21 150 25% 26% 27 1,000 29% 78 Va' 133 6% 23% » 7 i ; 19 19 ^ 24 *29 29% 78% *130 - 78% 500 430 ) 5% 2,100 19% 19 % 1,500 23 % 6% V Sep,' .il'vV';-. 2,600 Wabash 7% 7% 7% 1,000 Waldorf 20% 20% 1,200 Walgreen Oo 105 *100% 104% 4%% RR y. : 21'A July 2 6% Mar 25 16 Apr 23 97% Jun 19 -No par —— preferred with warr No par _100 31 50 ( , , Jan Nov 25'/a Jan 2% Oct 40v4Oct 117% Dec 21% Nov 3)3AJan 29% Oct 55 60 19 18 19 7 21 31 10 20 13 96% Mar 5 138 Jan 9 lO'A Mar 25 Aug Dec 15% 34% Dec 15 Mar 20% Aug ; Dec 8'/a 128 July Jan Dec 116 Aug Jun 45 July Mar 57 Mar Aug 111 Va 39 Va . 16% May 22 _100 : preferred- System—i May No par 4 Vultee Aircraft Inc 20% Jan ;% % Sep 23 . 6% May 22 5, — preferred—*; Jun Jun Mar 2 20 » 34% Dec,21 25 20% Jan 3 24 11% Mar 2 9 -26 Dec 31 12 116% July 15 1 42 Dec 30 1 100 div'.partic preferred— $1.25 30 Jan —100 ; 1— .-100 Va El & Pow $6 pref— No par Va Iron Coal & Coke 5% pfd—100 Virginian Ry Co 25 6%. preferred —-_25 Vulcan Detinning Co— : 100 • r 22 14% 7% 19 112% July 30 55 Sep 12 18% May 26 ■ 1 Jan 2 " ' 22Va Jan 8 110% May 4 14 ,Jan 3 24 Apr 29 26 May 22 > 70 Jun 24 120 Mar 11 —100 preferred 20 % *1007B 5 * — Victor Chemical Works—* Preferred 6% Va Co_* Va-Carolina. Chem—————No par 133 67/a 23 100, .preferred 7 VB IV* 20% 3,800 22% 78% 23% 7'A *20 V* — 800 2Va 25% *130 19% 7% , :• *20 57 24% *29 V* , 6% 18% 38% : *53% 2 2 1st Vlcks.Shreve & Pac.Ry. *24 Va < 24% l'/a 20 V* 18% 7% *95 117 6% 20% 20% . 57 24 2 21 *129 133 7% 37 Vick Chemical 53 ' *53% 24% 1% 26% *72 77% 20% 57 24% 29% 27 *28% *45 25% *20 20% *26 Va 42 53 *53% 2 36 Va 38 *37 2.50.-1. 200 T/c. 41 i No par Van Raalte .Co Inc————5 — 41 *45 *53% *-rl00 a 700 *115% — *41 % Jan *No par. *r — Vanadium Corp of Ain—; Van Norman Mach Tool—a 2,500 25 Va *45 41% *45 7,300 Sales Preferred, V 15% 66 Aug ' 57 66 Mar 20 27'A Sep Dec 2% Jan ' %' , 18% Dec 114 Dec 28% July 118% July 11 ; Dec 23% Sep 30'/a Dec 42 Jar 29 Dec 33% Feb 89 Feb 105 Nov 135 Mar 143 Jun . 25 : 30% 7% 20% 102 /a Apr 1 Jan 26 Nov 23 Nov 18 Oct 30 : 6,4 Dec 15/« Dec 96 /a Jun ' 1% .62 15 fs 4 No? i *32% , Jan • 33% 50% Dec Mar -L> \-y , %, May 25 1% ; 1 34% May 20 60% 12 July 15 15% ' 41 > May 6 > 61 142 / Apr 24 >152% 147 Apr 30 169 ■ - Dec 105'% > 28% Dec Dec Oct ' Dec ; 43% > Sep 105 % Dec 24 Jan 5 46% Jan 14 V Apr 54% -v 103% Dec -30 ' >>,% Apr 15 conv'preferred—*—__No par No . Sep 3% 51 V 30 27 V* Gee 28 6 17 . • Sep 6% Dec 20%a May 3% Apr . '. 114 7 > 29% 1 30% 27 32% 21 1 „ V" Dec J 34'AJan 27 20 Apr 4% July 30 ??J. 2 Va Dec 20 Mar 10 54 41 i 14% July 113% Feb 14% Oct 15 Va Apr 29 '. Z 39% Mar 27 5 —-1 * —,5 % May . 51% 58 Apr 28 ' 71 44'A May 20 ; 55% 107% Jun 30 >119% r_-No par' preferred—r-* Apr 37% Apr 1—50 - May % Aug 8 % Steel Corp ' 26% May par Universal Leaf Tob- ,200 24 V2 Apr , 30 99 conv Universal-Cyclops Steel Corp——.1, 10 - 34'/4 Jan —*—50 preferred-;. 300 170 *164 159 5 300 60 — ; ^—100 Mach' Corp —; conv 6% May 14 IJ.% 40% May 13 64 May 1 /174% 4V2 Apr 27 ; 6% No par -*—20 i_ _I 100 preferred ——20 Pipe Foundry Playing Card Co____ Plywood Corp—: $6 Jan Sep No par United Stores class A 58 Jan 17 Va 9% May' Jan ; United Stovkyards Corp % *56% July 44% 30% 113 ' 1 .37 " May par Jan 7 % Dec 5 Jan U S Tobacco 47% 31 l'/a Preferred 20% Sep 2l'/a Co——'._No Preferred 110 20% *44 Sep 52 104% Mar 24 7 S Jan 106 V2 x 6 - Sep 12% 79% Dec par var U S 102% 102% 46 37% Dec Dec Hoffman S Deo Feb <V Dec Leather U S Jan 15 Industrial % 9% V 35 S U 8 Sep Dec .58% Dec 14 S S Dec '-v. 1% July 21% Fast Corp-'—v-No par16% Jan 27 20 Feb 26 Corporation——No par #'2 Jan. 2 JTV' ^ Oct 15 Carbon Prior 32% iV . / 24 Dec preferred--— %'% \; 7 Feb 24 Jan 6 Jan '7 60 7Va Sep 21 58 Apr 28 108 May 6 100% Mar 24 10 May 1 $ Sep Feb 27 V* 46 Dec 23 9% Jan 5 83 Dec 24 113Va Nov 12 108 Jan 6 7. 16% Dec 31 2 77V 85% Nov 5 2 Jan 11% Aug V 9% Sep : Dec 10 • Jan 7% <■ Dec Partic & 30'A 32 • U 28% *29 % May May % ;V ■.'■ 4% 287a Jan •' Feb. ■9% Jan 31 26% Nov 2 75 , Dec 47; Sep Jan- 10% Aug %■ Dec 60 7Va Aug 13 Feb ... 6% Mar 7 Nov 71 30 9% Mar 8% Freight CoGypsum Co U S 175% 39 Va *33 ; 62% *173 5 Va 5% . 9% 9'/8 63 *173 Dec Aug 27% . 87 Dec 95 % 5 • *86 117/b 997/a 5 18 25% Jun 1 V 35 Feb 5 48% Jun 3 .72% Jan 3 52,900 :United Gas Improv't— -No par 3% Jun 1 5% Dec 31 % $5 preferred ——a-——No par>>; 93% Mar 27 106%. Jan 17 United Mer & Mann, Inc v t —;1 ■* 11% Apr 28 16% Oct 21 900 ; United Paperboard————. ——10. 2% Sep 10 4% Feb 27 U S & Foreign Secur .——No par % 2% Apr 17 " 5% Dec 21 $6 1st preferred—.-—-!. No par 77% Apr 9 87 Feb 25 S Distrib Corp conv pfd —100 17 Jan 7 43Va Oct 26 102 Jan S' ' Dec United Eng & Fdy—— ..—5': 4,200 iU United Fruit Co •—.I.-——No par <1 *102% United 18 10% Feb 97 1.500 65 % Dec Jan V108% Preferred,— 26 7 6 34 Va Jan 21% Jan ————100 /'/United Drug Inc > 36 Va 39 2 7Va Jan 5. No -1 $3, preferred— 2% 234 2% *36'A Jun 24% 20 United-Carr • ' : 3% 7 IV2 Nov Jun 11/ \ : : Aug {$.■ 14 5% Jun Corp——^——..5 preferred-^——^100 preferred- United 18'A ' ■A 40 8% Jan 25 Co Jan 14 56 % Jun RR CO————100 Biscuit Dec 30 3% Sep May 20 r par Transport—— Sep 60% Sep > 5% July 7% May 15 Aircraft conv 5% 56 Va 57 Va 57% *17% 5% 3% 27 > " 4% 9% Dec Mar 28 5 Union Tank "Car—Jl—»_I_.No par United Sep May -v;.-.f;-.;-.4%-.Tpreferred-i—aiv—i^l.00':-.77.-;7.4% J.unV:17:;|V-;81J/ji Feb ' *92 pfd $4.50 series—No 78 , 15% Jan 38 31% May 21 No par of Mo $5 'referred 79 79 *77% 8 No par Union El Co 105 15 10 Va V 44% Dec 85 No par No Dec 2 -1 Co_— July MarlO 22 r_2 Bag & Paper 14 32-% Jun 11 >: 6% Aug 27'/a Jan. 8 V4 Jan „10 Union Carbide & Carb— 15% 15% 5 Sep,."; % 7% July 3 1% Jan Union 11 7 20 Jun 34% Feb 19% Jan 11,600 8 " Dec 9V4 Jan 38% 5 'A Mar 2 preferred—No par -2,600 7% 7% 5% Sep Mar 27 l 82'A Dec 23 2»/a July 14 17% July Axle——10 Coach. Co—— Dec May ; 52'/8 Dec 30 4% Jan/ 5 2 5 % Jun ;; V City Rapid Trail—No par 7. % preferred—100 Twin 9% 4 Va Feb 3 15 Jan 30% '» Jan 46% 3% 42 Nov 3% Dec 4 , ., 5% n' 38% Aug Feb 28 " 7 3 % Apr Twin 6 44 Va Jan 30 Co—j—T' —. 10 Film Corp—No path 20th, Cen Fox 20.0 67% 6 7 V * ' 24% Oct 2 v 30 41 Tri-Continental Corp_—• : 1 'i • $6. preferred—No par Truax.-Traer. Corp—-No par >:: Sep 4% July 4 Dec 2 8V4 Dec 11 West Air Inc— -j—5 & ; Dec 8% Gee Sep Transue & Williams St'l—No par 2 69 5. 6 34% 37Va Oct. 28 34% Nov preferred—No par Transamerica Corp__"— Transcont'j Dec Dec 1% 10 28 V.2% May 20 par Oil—— 28' 27 16 May 26 4 Va Apr V. 7% Jan Timken Roller Bearing./.——No par 600 share 24 Va >3% May 30 3% No v Apr V 25 —Nr 9% Jan 15 Corp.-No par Associated conv Timken- Detroit 11% *11 Water t$4.50 27% "3% 28 42 V* Dec 28 > Apr w5 ' a——10 preferred cum 16 Va Dec i 20 Oct 14 Apr 28 10 Nov 4 2 Thompson Prods Inc..*—;——No par Thompson-Starrett- Co.A.——No par 95 27% 7 Va May Cor/—: Transit 35 v 7 30 Co—-l J: Avenue ■ 11;' V5% Nov 24 20 par Thompson (J. R) 1,600 15% 27% Apr Apr 1 Vb Mar par —_ $3 dlv conv preferred 1 % 1 15% *94% (• • 4 -—-j-100 .500 8% 27% 1% ■> Thermoid 3 32 5 ——5 ; Preferred ;800 8% 26% 9 27 3% Aug 50 Texas Pacific Land-Trust--™—_1 >100 *2% Corp-i-i Texas Pacific Coal & Oil 150 *32% 5 $ per 17 5% Jan t per share 23 25%. Dep 17 9 Produc'g Co——No Texas'Gulf Sulphur—No . $ per share 29% Nov :. ---100 X >>Thatcher Mfg Co—r_—_—_No par >■ -i:'- -$3.60 cony,preferred——No par. 600 The Fair_a.__—— No par 5'Va C'A 2% 2% *50 ,500 Range for Previous T Year 1941 • Lowest •» Highest .. (James)-i Texas Gulf, 6,500 1 Lots Highest 19% Mar 11 Texas.Co (The)-—25 36 8% 7Va 35% 6 % *34%- Tennessee . 8% - 19 *18% ,9Q0 3 37 36% 36% 8'A 7'A ,600 Va 41 3% Inc 100-Shiire .15% Aug — 5% %.-partic"preferred—; "-'Telautograph Corp—— ; .* 8% 8% 42 3 3'A 440 3% 3% *8% 41% 35 V of $ per share Far Swift International Ltd— Sylvania Elec Prod's Inc.—No par Symington-Gould Corp. _1 '600-—-Ta'lcott 5% 5% 36 *35 —' *'"■> Basis Lowest 4,200 1 T 5% 5%' 5% *35 On .V'. ■ 2,000 28*% '24 4 4»/8 ' Thursday Dec. 30 S per share per '27% 27% 23% 1 RECORD •■>'• PRICES Wednesday Tuesday Dec. 28 Saturday t AND Monday, January 4, 1943 97/s Apr 22 V4 Jan 105% Jan " Volume ""THE COMMERCIAL & FINANCIAL CHRONICLE Number 4139 157 % Monday S 1 per share 4% Dec. 29 •v Dec. 26 39% is y4 14% 39 15% 4% % Vo 28-% 28% 8% % 27% 8% 4% 8 7% 80 *80 Vs -7%. • •■Walworth Walk 1,700 _w •»'> v; 600 V — No par 8 ,n' ' ! ' 900 — $7 Warner 25,100 MM. —50 preferred— 27% • 27 *25% y " 14% 15% 14% 12 y8 12 y8 12% 12% 12% 12% 17% 17 17 y4. 16% 16% 2% 2% < 3 *2% 17% 17 Va Bros 8% •56 y4 100 17'%. .17% 3,200 - .'70 69 >•. > 69 ; ' V : ' T 8% 49% 49 Vh 50'/4 65% 65%.. 66 66%> 55% 56 % 55% 56 2,900 108% 108 »/4 11% 11% 11% " - *100% 103 103 108% ;y 109 v *100% -• 56v 'y T . •108%'- 108%. - ■ 19% 18% 18% 19%' 18% '' 2% >' 5% 5% 1 2* 1 " 2% 2% 2 Va 5% 2 19% y ''..A 103 5% / 5 5 '/a 1 1 2ya 2% 5% 5% 1 %.y. 27 27% %' 21" 15% 15% 15 V8 / 277/a 26% 14% % 15% 2y8/ ' 12,600 '15% y-' • 27% sy *. y n.r'' \ , 5," 700' — V '• v 17,700 79% 81% 79% 80% 81 117% 117% 117% *117 30% 117% 26% 107% , 87 *59 13% -20 % *18% 17.% .17% »7% , 2% 7% 2- v 7% ■2y8' ■ 7% .7% 4% y---4% 4% . •. y 4 y2 2% - ... " ■ ' / . ■ ' • / *4,500- 14 17% July 20 % Jan 4% Jan 1-100 — 4% 4!/a ': *108 •106 120 120 t *106 '...■•;• 120 •'*' . *106 t .. *106;; 120 -y. •*' 700 - /fc/y ^120 .17% 17%' 16% 17% y 29% 29%" ; ' 29% '29% 177% A' "17% 17% 17%,. 29% '.29% >17%'V> 17% *119 131 :*112 119 44 *44% '46" *83 86 47 44% ..' *84*/ *58 y4 59 *22 22% ' /" . . ... • « - —_i—->_5 Willys-Overland ; Motors—2. 1 6% conv preferred 10 fWilson &. Co Inc .No par., $6 preferred No par Wisconsin El Pow 6% pfd_._4.__100 . 58% 213/4 213/4 y > 10% 18 Nov 28 10% Dec 1% Dec 3 6 Woodward Iron Co 7v. 46 .:;:vrv '.r/y --in- A /- 46r. -_i- 82. -85 ; '.rv.; yy 46 >-;ryy .82 58'."";:' 213/4 22 57 . yy . 12% ■A >12% 12% 7% 31% * 7% :7% 31% 81 . ' 80% 803/4 ' 7% 31% > y 30% *80% 803/4- 8% 8% 8 3/4 •8% 8% 8% 19% 19% 19% 19% 19% 19% 19% n% 2% 1% •Bid and asked prices; reduced from 100 to 2 2 8 ,. % 2 / 1 81 19% 22 106% Jail Jan 8 99% Dec 115 Jan Jan 8 89 Nov 107% Jan 9 112 Mar 117% Jan Feb 6 15 Dec 104% Jan 2 104% 18 t In receivership. * Transaeiions at tlie New York Stock ,Week Ended Jan. 1,1943 "' , and Miscel. Bonds ' 370,695. , $2,020,600 ■:% 1,201,94%^. 8,619,100 1,440,670 10,670,300 1,121,924 11,281,100 1,051,015 8,215,000 —, ; it 10% Apr Deo 297/a July 1% Dec 4% July 28 4% Dec 9 Sep 23 93 Feb 30 Oct 13 18% Feb 31% 19% Feb 5 15 Deo 24% July 5 — _; 6,500 Youngstown Steel Door—,_No par 7 3,800 83 Dec 23 71 Oct 105 Jan Jan 28 118 Dec 141 Mar 28 27% X 8 24 105 $293,200' . - : Zenith Rhdio Corp..... —No par Zonite Products Corp..—. r—1 Apr , 15,000 11,000 ' 353,000 Special sales: s x 18 60 Aug 65 July Jan 22 85 Dec 100 Jan 27% Feb 4 21% Apr 303/4 July 69% Jan 29 58% Dec 76 15 Va Dec 21 10% Jan 15% July 17% 50 Apr 93 $3,305,800 9,136,100 . 11,588,300 11,929,100 8,581,000 13,000 , $2,693,200T •;5,185,826 .,$40,806,100 10% Dec 14 2% Dec 8% July 27 2% Dec 5% Jan Jan 12 41 Feb 54% Jun 22% Jan 13 18% Dec 26% July 2% Dec 3 1% Dec 2% May 2% Oct 16 1% Apr 2% Jan 8% Dec 31 3% Apr 6% Dec 6% Jan 20 4% Dec 7 73% Jan 13 60% Dec 77 Sep 110 % Oct 5 109% Oct 115 Nov 53 Jan 7 19% Dec 33% Jan 31 Dec 31 23% Dec 34% Jan 21% Jan 28 16 Dec 253/4 July July 28 Mar 3 98 Mar 125 117 Jan 54 85 ia, . Dec 753/4 Aug 26 50% Dec Jan 15 86 Apr 122 July 62 Jan 5 50% Dec 80 Jan 23% Oct 13 22% Jan: 17% Jan 15 Dec 14% Nov 9 10% Dec 121% Dec 10 109% Dec 7% Nov 9 5% Deo 12% 37% Jan 13 29 Dec 42% Jan' Oct 20 76 Dec 95 Aug 12% Jan 5 Dec 18% Jan 3' 87 9% Jan 120 Jan) Dec 17 8 Deo 15% Apr 2% Jan 26 1% Apr 3% Oct 20 19 'H Called for redemption, y Ex-rights. t Unit of trading StOCk$ ^ Saturday—I 'Monday - - 321,990 378,395 283,479 264,605 — —— " " —; Thursday— - - Total L — 797,000 1,017,000 732,000 736,000 11,000 12,000 7: : $21,000 r'; J..-.— 125,685,298 $19,709,000 40,806,100 44,719,000 2,181,064,209 1,929.001,000 — $43,540,300 "'$48,492,000 22,315,690 34,656,354 170,607,671 '$6,533,850 '123,881,200 1942 1943 1,046,433 -1,334,439 ..... 17 — $3,573,000 Jan. 1 to Jan. 1 ,,1942 1943 -1942 753,000 749,000 $30,000 3,000 10,000 1,000 HOLIDAY $3,522,000 1,334,439 $6,000 1,000 $2,000 5,000 $240,000 Total $242,000 808,000 1,021,003 Corporate Government Domestic 85,970 — Wednesday™ » , Bonds (Par Value) Foreign Foreign - of Shares) —-w—. i Tuesday , * , — ' (Number — - Jan. 1 to Jan. 1 1943 "3,321,000" 8,979,495 $41,000 ""'$452,000' • industrial.— & Aug July 73% Aug 57% Jan 1% May 21 Week Ended Jan. 1,1943 $44,540,300 $41,000 ■:* vy - Railroad 447 1^0 Jan 473/4 * 26 104 .Friday 1942 5,185,826 Government— ' Sep 24 .May 14: shares l- Jan 5 5% Nov 12 Jan 78 ' >. /Stocks—No.1 of shares.— Bonds S. Jan 3% Jan 15% Jan 2;: 28%' Jun EX-dividends. 1 Foreign Aug Daily, Weekly and Yearly Total Holiday-' 1943 U. 112 Vr-j Transactions at the New York Curb Exchange Bond Sales V $2,000 502,000 %■; 907,000 t 648,000 , -Week Ended-J an. 1 - Jan 36% July 27% Apr 31 % Jan Week Ended Jan. 1 Stocks—No. of 34 % Jun 108% Oct 28 8% Feb 3,200 1 ; .Government Bonds . j... — Total——. - Nov 32 % Dec 3; 'Apr 23 "220 rCash sale, July 1 % May 127 111% Jan '.100 — J■ Foreign Bonds , — 1— 153/aJan i Exchange Railroad Number of Shares , j... Tuesday Wednesday. Thursday Friday 25 cl B__ I United States Stocks, •; — 15% 27 2 21%.Majl 11,400 Daily, Weekly and Yearly ^ : Monday 30 8% Jan J ' { >•'. Oct 107 Apr Dec , | . 207/a July shares. 10 Saturday Preferred 20 2,600 Deferred -delivery.^ n New Stock, a 88 3% Jan 20 Apr 28 | '. 'A >; 2 Dec 6 Jan 113% Jan Sep 21«. Sep 16: May 9t Apr 28-: May 20 > May 18 Feb 18: May 27 Young Spring & Wire—.—.—No par Youngstown S & T—.——No par t5%%; preferred series A 100 V - Jan 91 93 __I Co.... Yellow Truck & Coach 17,100 v 19% - 2" - .1' 7/2 9'/4 74% ,•'/;.///, Yale & Towne Mfg. 1,800 ; • 1 81% • ":"8% - » I : ._ "3oya>y. 30% - 19% 2 2 sales oh this day." no " .30%- 80 3/4 83/4 -' -.12% *118V4"120% " 30% 803/4 I -23-% -7%.--—"'"7% 73% - 223/4 '12 % 120 120 ; 7% 'V:> 12% 12% 30% 7% 30%' 81 121 *120 y .121 *120 121 *120 12% 12 % 12% 5 12 65% Mar ... " 57% 25% July 10 % Nov Sep 23 107 % Jun 1- 10 16% Mar 104 25 10 ' /i iWoolworth (F W).Co.il—,2. 6 X71% NOV Apr 27 Apr 27 May 1 Apr 51 July 22 20% Jan May 18 • y'/yy/yr 128 ,: *44 •. 45 85 v Sep 23 163/a. Dec 29 6 14% Jun 22 2,900 1% preferred A—...100. H7 t- Nov 13 r :v-A". 6% preferred 100.4 106 j Nov 13.' 300 Prior pfd 4%% series^ 100 421/4, Jun 17 Prior pfd 4%% Conv series—100 200 * 44 Jun 9 .4:30 Wright Aeronautical No par 80 Jun 23 1,200 >4 Wrlgley; jWm) Jjr (Del)——No par39 -Apr 24 2,200 14,400 24 • ■ - ?119 -*109 46 ; '"*44% : 22 21% *119 119 v 31 • Worthington P & M (Del)No par 128 7' *44% : 30% '1.7 %>". i *109 . 58% 58% . 85 58 i yf yy.i7% > 30 %■;/'. ;r: 29% "1T.% 45% 86 *44% -• . y- 44 '/a : - 44 119 *82 «" 46 130 •1Q9 • >44% 120 *44 % 17%-: 17% . ■ *119 ,*119 ' ; *119 : 131 *109 y.-i7% . , 38 23Jan Oct - *17% Feb Dec 14 Jun 25 3 r Mar 6 1% Apr 29, 40 May 615VaApr 23; 1% Apr 157 1% Aug 12 ; 4% Apr 29 ■ 3% Sep 14 —i" —... 9;900- 4% . Dec 3 Jan 12 No par'; 20 Wilcox Oil & Gas Co f 5,000 *57%/ 58% -/. ; 57 A- 57 • 1 preferred— preferred Prior v.; 300 6,700 " 57 ;White Sewing Mach Corp •. - No par. Spr Co. 77 Jan Dec 22 / Mar 11 100% Jun 6 42% Dec 28 80 July 917% Dec 9 58% Dec 31; 12 % July 21 .1 Rock Min $4 copy 8%- y White 1,600 • prior prcf— / White Motor Co 4,700 — No par No par Dental Mfg (The S S) 20 $5 conv 7 Sep Dec 6% Feb 2% 25 63% Apr 24 Aug 5 Wheeling Steel Corp.. 330 26% 2 109 23 .12.50, " 30 White 1 i Elec Instrument, . 1% Apr 19 7% Aug 28 i- Westvaco Chlor Prod———No parJ: $4.50 preferred .—-No par Wheeling. & L Erie Ry Co...—100 5%% conv preferred. -100." 6,300 I 2%^:77'/,).r ., 30' v 5.2%'-"-v • ,'. 8, 4 % i . 2.% t '* ' ' - *2"VSs—''-*'.2 2% 8 . . T 4.V > U- tx *35 y.':49-%-.i.:, y yi '19% y 19% • / 20% 27a . 4% 4%: . ; :• 56% 37% 57% 57 57 . ■ *•'{«> ; • ' •—i Weston t "*-30 - 13% ' ■2 '/a ''' '-S ' r ^ 3%"' ..'.'3% > .. , .-•49% *2% 2 8 ,. *18% 2% / *15%1'16 2%:,; 2% .*35 * preferred— 1st 7 * ;1,100 ' : 58% 13 7 3%. 3% 160- <• l.1,• v.- '•yv\ .18 >t . 58 % 13% 13 20% 2% 2 . *14% : 1/5 A.. '. — 800 108 -'" j .17% 59 2'/4 *18% ; 2% 25%. #25% J 08 ' X"; . 59 49% *35',- 20 ya ;•/ 2% 87 ,. ^ >32 y. • Dec 13% 8 34 ■ 50 /—50 Westinghouse El & Mfg. 5,500 i 117% - ■ :A1 ;yy: y *40 y 83% -83% 47 *82% 3 %' 2% 2%. *18% : ; *2% "i 2% *40 13% 3% -y';:. 108% *108 !- * , 15%' 13 >. 49% ; //'. *35 ' 49% -• 59 3% '■ 18 *14% « -I • 59 13% 3% 2% y1 ;2% 2% *35 16 13 y i 4 17% 59% *15 47 83% 83% 32 ■. 26 '• 26 82 , 117'% 32 31% , . 108'% *40 • 18% 59% 16 *3% 87 is 59% *15 : 13% 42%/ *82% 18% is y4 26% 108% 108%,,/ 42%: " 48 *821/2 26 y4 31V2 32%. *107% 108% ♦42 ft. 31% *25 V2 31%' 25% 30% 26y4 8iy2 81% 116% 82 117% % 7 Feb preferred preferred - 82 117 4 39% Jan — ; 2,100 ■ — — i—*' • 15% i 15% -;. v.' -'•* ■ . 5,200" 1,800 '• «.«». V : r 27 Ve 27% 15% ■ : 2Vs » 1 4,900 ;< Sep Jun Nov 53 _ S1::¥jL£ .-yl > . ilil- >3 - 5% % ■ r 19% it *5% •' 1 27% 27% 15 Vz y' :. - ,V,.19% 20 / 70 ..v y-'x S." r.t y. 12 ryi •100.% 103 i.; 6% 1 59% May 20 1 * Dec 6 1% Jan No par Ei class A. 2% 18 —100 41% 6% * >—100 36 • West Penn Pr Co 4%% pfd ,100 ; 102 West Va Pulp & Pap Co —No par. 10% 6% preferred , 100 97 Western Auto Supply Co———10 ; 12% Western .Maryland 100. > 2 ■ 4% 2d preferred 100. 4% Western Pacific 6% preferred 100 % Western .Union Telegraph —.100. \ 23 Va Westinghouse Air Brake No par 13% 1,810 ' 18% Penn 7% 6 8% Dec 15 No par :;. Indies Sugar Corp West 370 * y. 11% 11% 11% i 55% • • , .""..-I, _j West '310 8%__t 87/ahy '8% 49% 8% $4 conv preferred—. 100 — v..v Sep Nov 11% Jan 15 par Wesson .Qil & Snowdrift//:—No par. 3,400" y,.~-" ' '■ No Eisenlohr...__ Webster 900 . 15% 80% Oct 12 1 Wayne Pump CoJ_.. 1,500 ' «».— ' .4;,"wU 65%' 108 % *iooy8 103 V f Feb 25 Va May 27 x65 —No par Fdy & Pipe Sep xl2% 24% Oct, 5 13 % Jun 16 No par Washington Gas Lt Co—No par Waukesha'Motor Co —5 2,700 11 , ' yy./^W''. 51 8: *107% 11% y.'/.' ''•"'•I "2V2 65 v 56% 12 "11% -! 17 ■ *2%-. ' . 17% *68 70 17 2% 2%' 16% 56% 108% 16% ' 49% 8%- 65%* 59 107% 16% "12y8 * 12% 12% -y 17 *66 •, 12'/a 51 *49 67 y* * '.y^ 65% 8% 8% 50% 50 •64% 70 : Warren >•< -15 36 8 May 14 4% Apr 5 Pictures $3.85 preferred ; 16% 17% *66 27% 15 270 — ' 2% 17 :-y- 70 •65' • 2% ♦ 80%' *26 15' *14% 14% 15% 80% 27 ,.*25% 27. *25% is y8 ■• 80% 12 29% Nov Feb 17 16 14 6 ' — Jan 5V4 Nov 16% Oct 2% Jun 22 % May 4 -No par M# par Class B 4,300 A*. preferred Ward Baking Co cl A , 6% Dec 3 41% Nov 3% Apr 23' 31 % Apr 17 137/a Mar 23 No par Highest per share f per share S per share f per share No par Co (H) ,Good & W Ltd Div redeem 900 - 27%" ' 27% 8 T' 4%' y 5/8 ; \(f 28 28 '' y Year 1941 Lowest Highest Lowest Par 8,500 , y'1- y Range for Previous On STOCK Shares share . i5 y2 .-4% ; ■ . A . y ) v.*is •4 Ve -% TV 80 80 80 80% •25 ya •17 15% $ per " 39% 4j/a -: : YORK EXCHANGE ' •79 / 4% "39% '..;i " 27% 7% 8% 4% 39% *15 % 28% 27% 8% 4% 4% *3% 1 per share . NEW the Week Jan. 1 39% . 15 15 •' 4 3% % •4 15% share per 4% 39 38% . S share 4% 4% 4% 4% 39% •39 $ per share per Dec. 31; for Sales Friday Thursday Dec. 30 ■ Range Since January 1 Basis of 100-Share Lota STOCKS Wednesday Tuesday Dec. 28 Saturday RECORD YORK STOCK NEW HIGH SALE PRICES LOW AND 163',095,000 - - •; /domestic ' Foreign gTvernmenl,—7- FSS corpo?^te„— $4,680,000 $171,053,500 $239,602,000 161,000 4,886,000 6,901,000 $3,522,000 21,000 3,222,000 765,000 54,000 30,000 - ' ■ Total : Below $2,311,479,'250v$2",lll,805,000 Stock and Bend: Averages : listed on"the New" York Stock Exchahge as (Tompiled by Dow, Joiies & Co.: * 1 1 1 y StOCkS -s-BondsRiiwrlo. 11 ■ 1 10 30 Indus¬ Date- ; Total 15 20 UtUI- Rail¬ roads 26 119.71 27.21 14.11 December 28... 118.50 26.92 " : 118.40 26.88 ' ;65 ■ trials December 14.54 . 39.60 106.56 trtlll- "'Rails * 1 /ties 40 Bonds 3L77 "109.88 90.06 51.71 109.66 90.00 ; 92.30 : v-53.16 109.77 52.50 92.57 HOLIDAY' • Bid - $4,895,000 $176,704,500 $249,725,000 i -Feb 90.27 109.89 90.55 t%« -Feb — 't%S — 2s —Mar —_u——_ Apr Federal Natl Mtge Assn— 1,1943 15,1945 100.2 1 99.25 Mav 16,1943 2s * 99.27 T, 1943 X, 1943 1,1943 h0.70 bO.VO 100.8 0.55% 0.55% 100.12 , 1946-1944 1964-1944 1955-1945 104% — ,—*-.1 ——_f 3s, 1955-1945. >. 100y2— 100.18 100.22- —-July 15,1943 Apr 15, 1944 tl%fs %1% 3 Housing Authority— Feb 1,1944 "100.7 100.9 100.2 100.4 100.21 100.24 107 107% 108% 109 VA 127 128% 105 104% 100.20 Reconstruction Finance Corp— 1%^> notes Federal Land" Bank Bonds— 4s 1944— July 3, 1943 at Ask 100.16 l%s Jan. 3, U 43 Bid Ask 100.4 Federal Home Loan Banks— 3%s .t- $3,573,000 Call "Total 92.21 106.51 39.62 - 10, May- * tl% % 92.19 108.40 14.35 : - • .?A% -- 90.18 106.39 27.39 .—■ ; 109.86 39.19 27.33 • i Quotations for Thursday Dec. 31 ' Commodity Credit Cbrp— 52.06 V '39.16 T19.56 -Rdils 14.22 ,119.40 HOLIDAY Grade 14.18 31 i_ Grade Indus- "92.50 30 1 - Second 106.31 December 10 - First \ 39.54 December January 10 Stocks t trials ties December - ; . . and bpnds ' — .1. Obligations Of Governmental Agencies ( * ■;f. . the daily closing averages of representative -stocks are " 105 10FT9ff 10512 ,105y4 105y2 3s Jan. 1, 1956-1946 106'% 106% 3s May 1, 1956-1946 107% 107% Other Issues 3s 1946 U S Conversion 3s —1947 Panama Canal 3s...—.—.1961 U S Conversion Vt'i - * 1 .;</ ' l \k I'* • ■f ''1 ;/ »*i 3. 20 THE COMMERCIAL & FINANCIAL CHRONICLE Bond Record FRIDAY NOTICE—Prices the week, "and are and when outside of The italic letters in the column headed "Interest Period" Stock ' Thursday Week's Range Last or Thursday's Interest Exchange Week Ended Jam 1 f T U. S Treasury 4s Trea i iry 114.14 3'/aS_. 106.8 108.27 108.30 *101,10 101.12 101.29 104 *102:i 102.3 102.6 a-o *103.7 103.9 103.10 *107 107.2 j-d 106.30 109.14 108 109.5- 110.2 110.2 MS 109.2 109.2 US 1948-1951 2%S— US / 1956- 1958 , 1963 •1968 Treasury 2 V2S Treasury 2%s_V_,*«..i>>/_w-._, 1967- 1972 Treasury 2y4s__.:_.—________ 1951- 1953 1952- 1955 Treasury 2y4s__„_. Treasury 2%s_______________ 1954- 1956 1947 Treasury 2s__________-__^-_ Treasury 2s_ -Mar 15 1948- 1950 1948- 1950 Treasury 2s Dec 15 Treasury 2s__-__. —Jun 15 1949- 1951 Treasury 2s Sept 15 1949- 1951 Treasury 2s_______ Dec. 15, 1949- 1951 .1950 •1952 .Treasury' 2s 1951- 1955 Treasiiry 2s_____/ Treasury 2s___ 1953. 1955 Federal Farm Mortgage Corp 100.2 100.22 > -*"4 100.2 ^ 100 ,4 — 100.16 vloo .2 100.16 100.18 12 . • .100.4 - *101. 6 101.8 MS 1945-1947 ; New: York A El AEstonia Salvador 8s ctfs Corporate Stock —1980 sink fund AGtd sink of dep__^_i>1948 7s________1967 French Republic 7s (Republic) extl $s__ __1945 stamped_______1949 unstamped /. 1949 7s 101 102 103.27 AExternal 101.5 *100 14 100.16 100.11 100.20 100.4 100.6 ,*100. 11 100.13 __ M-S *100. 7 j-d 6 100.9 100.2 *100 4 . 100.6 100 ; j-d *103. 4 Ih-S *103.1 103.3 M-N *103.3 103.5 103.6 Af-N 103; 103 *101.6 ; Greek Government— 103.24 : 1 103%" J-D • 101.10 101.10 43 1968 M-S 1945 J-J 1945 J-J f 7s series C_ 1945 7s series D_ _1945 1st 1957 1957 sec s f 7s 3rd series__1957 25% f S loan conv __1948 4'/2s 1971 !'8f exti conv loan 4s Feb_ f extl conv loan 4s Apr 8 15% Australia .. . (Commonw'lth) External 5s of 15% 10% 15% 15 - :-i 11 15 1 10% 15% 15 2 10% 15% 10% 15 18% 45% external 15 42% 42% 42%; 97 f 6s .1955 f 7s 1955 (U S of) external 8s 1941 J-D s f 6%s of 1926 —1957 f 6'/2s of 1927 1957 a-o .1952 A7s (Central Ry)— Brisbane .(City) s f 5s Sinking fund gold 5s Sinking fund gold 6s Buenos Aires A 6s - s 3% s f $ s 29 82 :4s sink 96 36% 35% 3 78% 13 v 38. • 38 J 81'/a 36% 100 > 37 > 36% 76 22% 22 19% 83 12 37 36% 80 44 ; 68% f-a 69% a-o 70 85 j-j 107% 101% 1954 101% AExternal sinking fund 6s a 6s assented V 98 ; 70 59 73'% 43,>..49% __ 2 101% 101% 16 >97% 97 98 1 V i 38 > j-j m-s 18% .14% __ m-n sink "i 18 *85% f-a m-s fund 1965 a-o fund extl loan—; 1963 f-a f 5s *79 f-a : 9% (State of) (Rep of) —1967 7s 1947 external 7s 2i: ,7 1959 73% m-s 14 13 j-d 12% a-o 12% 13 '•T2% 12% a-o *18% 1968 a-o 11% j-j 12% 4 Janeiro (City of) 8s 537/ 50 , V 1953 f-a 1967 2 15% '18% 18% 25 13% 19% 16% Santa Fe external sink fund 4s 1964 §ASan Paulo ■ 26 m-n 13% 61 12% (State) 8s 1936 ,A8s external j-j 191 >87 19% 5 1950 j-j 14% 32% 18% 20%. A 7s extl 18% water loan_ 29 1956 m-s 29% A 6s extl 18% dollar loan 1968 2 13% 15% 19% 18% j-j 1940 a-o 20% A-O 187/s 1963 18% 7 13 M-N 19% 2 M-N 13% 20% 18% 18% 18% 9 13 19% j-d 17% 17% 18 6 13% 19 17 17% 12% 18 4 13 18% 24 13 1957 1957 j-d 1961 j-d 1961 a-o —1961 a-o A63/4s assented AGuaranteed sink fund 6s AGuaranteed sink fund 6s 1962 A6s assented 1962 A Chilean Cons Munic 7s— A7s assented 17% rl8% rl7% 17% i960 m-s *18% f s 7s—— 12 77/a 14 .' •:•:. 7 > 16% /10 12% •16% 16 88 16 Ya - 5% vV 7% 18% 15% 16% 15% 12 14% 13% 17 14% 9% 8% 16% -V 167/a 10 y8 2 i 19 ;v;v 5% 7-;' _jf- 7' 88 15% 15% • • - 33 50 y8 „ 31; 90 10 109 8% 3 10'/a 18% 16% 18% 16 '/a 16% 24 8% 16% 17% 39 9% 17% 17%, 16 10% 17% 75 18 17% 17% 4 11% 19% 16% 3 11 16% 32 42% 43 62% • 18% 75 62 32% 10 26% 33 29'/a 30% 6 25 30% 30% 31% 2 20% 61% 61% 62 4 54% 66 32'/a 17% 18% secured external 1962 extl 1962 m-n 1958 j-d 1958 j-d 1955 f-a 7s series B sec (Prov of) extl 7s_— A4%s assented Sydney (City) s ; f 5%s 12% 18%' 17'/a 18 33 12% 18 is y8 2 14% 19 AExternal sink fund 6s AExternal sink fund 6s 17% 37 13 18 3%s-4-4%s 14 17% 17% 17'/a 17% 17% 17 16% 17% *14% 17% • 1951 j-d 1961 a-o 51% 1961 j-j 51% 1970 Jan A8s ASilesia a-o — — 51% 1 , 19 __ 11% 17% 12 15 H AUruguay (Republic) extl 8s External External 37/a-4V8-4A 4-4 %-4 %s 51% 52 39% 52 51% 51% 6 37% 52 38% 38% 55 29% 39% m-n 1946 10 9% 9% 10 4% 9% 9% 85 f-a 9% 85 *80% 12 4% 10% 11% 4% *9 12 4% 85 10% 40 Va 85 71% 77 1960 -m-n *78 73 77 1964 m-n ♦78 71% 80 1979 m-n 31 51%. 64 51% 59% 22 54 66'/a 41% 55 __ i ($ bonds of 1937) — readjustment conversion 1979 extl conv ; 1978 extl readjustment—1978 3%s ektl readjustment A Warsaw .U- (Kingdom)— 17% 17% (Republic of)— Oct 41 ' m-n m-s (Hukuang Ry) 5s rl8% M-N —I960 24 5 A Secured Serbs Croats & Slovenes a j-d —1961 assented '' / ; V 75 14% 17% Mortgage Bank 6%s A6V2S assented ASinking fund 6%s '*• - __ 5 7- 7% / 19% 19% —1963 ' 7% ; i>7 4 *39% 1962 assented 7% 16% 17% A-O 19% 1 , 73% m-n f s y-s M-S 1 101% 104 1 13 23 65 57 Va -•- 14 74% 65 17% 1961 Sep 27% 18 m-s 1952 .1957 (City of Brazil) 8s A6%s extl secured 20% 71 57% 74% - " . 16% 16% 1962 Sep 1961 sinking fund 6s / 50 (State of)— municipal loan A Sao Paulo 7 70 17% j-d 21 79 50%; 80% • 3 . 11% *25% 88 a-o 13 19% V; 85 51%. ' 17 14% 12% 7 m-n f-a 1946 6%s sec j-j A7s 19% 83% 100 > 84/ TOO'/a 89 -rll% 16% de 7/ 83% 48,-/7 86 13% j-d 19% 19% 18%' _1947 f 7s j-j AExtl 19% j-j *13% *11% 13 12% 1961 a-o a-o 28 67 • 1940 '—1958 a-o 18% j-j (Rep of) gold 6s s 18 86 so 44 5 *65'/a m-n 18 10% ■:_; :/77.to *103% 106 1961 Rio Grande do Sul 20% 18% 14% 647/a 1960 j-d 12% • 75. >-..,77. 71 m-s 19G8 13% 13 9% ' 18*% 7 ; 83%, 82% 71 7 :/ m-n 1966 5 13% 10% •• 78 7/ 80%; j-d 1940 33 "5% . 26 18 77% ser A8s extl loan of 1921 18% ■ 5% 'v}$rn ,,76 18% 80% . ser f 6s 2d s APrague (City of Greater) 7'/2s—1952 Queensland (State) extl 6s_ 1947 :> 19% 10% ,: • v',5% 77 5% 157 Vv'46 __ 77Ms v m-s ref 3y2s series B sec A6s external sink fund gold 6 :• 20 „ ■ s m-n A7s external loan of 1926 19% 12 15% 82% 5% , , *7. 7 80% 71 20% 18% - __ •72 98 10 78 . 6% 72 40' / ;ioo% 100% • v.*84% a-o 15% 5 7'' 8 *100% j-d s 93% a-o ;'V •• .9% ":77v - *80 a-o ~5 19% 17% 18 __ f-a 19% 18% page 9% - 18%: j-d 98% a-o see .>J69 __ 15% 82 7 . 15'/4 '68 47% ,62% 10 82 16% 55 63'% v -77:12% A4%s assented : _1963 APorto Alegre (City of) 8s —,_1961 AExternal loan 7'/2s—_———1966 /. 98%- 100% f-a A6s of 1927 3s external s f $ bonds > 13% 93% f-a • 20> 13 ;7 14% >. 1970 A Rio 1960 1928 67% 7 6% 8 • 13% : 13% 9% 7.7, 8% 17' 19 Jan 85 85 7 13 97% *11 18% - 97% 102 1961 footnotes q-j ,1956 A4%s assented 100% 102% 98% 100 ya 1961 —_____ 18% 60 9 j-d /'•AExternal sink fund gold 8s—_1950 103% 107% 61 18 18% 1961 j. 95 82 • - ► j-j 1955 • 70 Feb AExternal sinking fund 6s A 6s assented of v: 77 13% *5% m-s 1957 AStabilization loan ,< Feb AExtl sinking fund 6s A6s assented Colombia 9% • ANat Loan extl 69% 57% 73% 100% 101% 97% j-j Jan 6% 15 15% ■ ANat loan extl s f 6s 1st assented Chinese :;- . 10, q-j 1943 (City) sink fund 4%s Aperu ; sinking fund 6s f 6s • 18% 65 • . 66% ■ m-n 1944 APernambuco 68% 56... 107% 107% m-n 1960 69% 100% 100 % m-n 1942 56 100% 100% j-j 1942 f 7s ' ' 12% a-o 1958 A4'/2s assented 68% *46% a-o m-n assented : 70 ... 8 ' ; , 6s 5 A Poland 68% 73% j-j ACarlsbad 69% M-N .1968 A 6s (State)— 82 y2 .1967 AExternal . *13'% 12% 1959 a 83 83 3s assented *85 !1 98 j-d APanama 34% 80 3s 6s *94% ■ (Rep) extl s f 5s ser A_1963 Stamped assented 5s__; 1963 Stamp mod 3'/4s ext to —1994 100 *70 1944 s 18% 7 :i952 sink fund 4y2s_ 100 83 83 *79 30-year ARy external j-d Ext 83 98% 83 M-S 1984 2'/4s A 6s 18% M-S 1958 5s Municipal Bank extl 96 34 m-n Extl 18% 78% 33% M-S T960 65 /- 1954 External Oslo 99 34 *81 1975 73% ■.■sj/'-.*/ *'•/ v __ j-d ^_1945 : External :'v j-d !' j-j s 1 71% 73% 61% >7 11 " bonds— (City) 8s (Rep) External ♦18% j-j .1959 f s ,External 82 *97 f-a For 79% . 34% 1945 A6s 80 65 j-d _1976 71 ' 61 63 7' .. j-j . Norway external 6s 34% 30-year A 65% 64 18% 1952 A 6s 34 79% 18% 1961 A Chile 80 81 2>/2s A 86'% 42 3%s A 71% 34 10-year A 7s 50 33% 25-year A Chile 86% _1977 (Dom of) 30-yr 4s 7-year 97% ._1961 ; 73% 59.: :• a-o *82%. 1943 f 5s_ s External ? 77% 96 > M-S ;1976. 63 1 ' 1954 * , 7s! (City) South Wales >> External 88 (Province of)— f 4%-4%s V 69 *96% f-a 5s . • 33% 1957 f 4y8-4%s external Canada ■ 33% 1958 Refunding s f- 4'/4-4y2s__. External readj 4%-4%s External ' ,'rf 33% ; -1950 1 4 > New — : stamped— External • 78 a-o s 55 50 . 70% 1954 series A 97% j >80% j-d AExternal /i 10 i" 81%' 81% j-j s AExternal V >82 M-S s 70 a-o f 6J/2s A 6s 77% " 79% M-N External s AMontevideo 78 •i. 80 M-S External SABrazil 74.' m-n f 6y2s 84% ; J-J 1949 6V2S 1 __ 97% V. a-o 1956 External g 4'/2s of 1928 Belgium MS 15% 11 s ASec external 14% 15 14% M-N 1957.. ASeo external 15 *15% F-A 5s of '25_1955> 1927 . 7 V, Minas Geraes (State)— 14% j-d :_1972 26% i 22% . ; >7! 32% 10 y8 ;; 15 m-n —.1972c •• 7/.^' 1957 A Assenting 4s of 1910 —1945 §ATreasury 6s of 1913 assent—1933 44 32 y4 Argentine f external 4V2S 72% A-O *60 (US) extl 5s of 1899 £—1945 A Assenting 5s of 1899 v 15 a-o AAntwerp (City) external 5s —1958 (National Government) — m-s % 19 -: A-O _1960 f 5s s (Colombia) 6%s__ (Prov) 4s readjusted Mexican Irrigation— • A4%s stamped assented - 44 , 15% a-o AExternal sec s.f 7s 2d series 25 •-*15% a-o series 47% 40% 26 58 iiv »fis •At.'Jif;. 75 j-J f 7s *35 29 10• ;/2>- 1 • 98% 106 14% *45 % t 15% J-J f 47% 53" a-o AAssenting 4s of 1904_. 45 s >' S - 43 f,;*43 s '15 ■/_'■ ■'••720 40 1964 AMedellin J.'r s AExternal "'••' 58. 103% 104V8 a-o AExternal //'"• , 51% 70 83 > 102% 115 40% a-o 103% 68% 104.23 . AExternal 100 r ■100 V« 107 ' 51% ———1968 ■>A Jugoslavia (State Mtge Bk) 7s AMexico AExternal „ ' , paid paid—— Irish Free State extl b\: 103 / - part (Republic) s f 6s series A—l1952 Helsingfors (City) extl 6%s_ _19G0 . - f-a 7s series B j-j 104.25 • \ part Haiti J'-.-' 103.23 104.20 103.4 A7s A 6s . , 100.22 - 102.22 101.8 1948 f 7 ; *28 100.5 ' - -1947 s 19% 99% 101 104.24 100.9 6s (King of Norway) 4s AAntioquia (Dept) coll 7s A ■r 12% 7,302% •102% ;//, f>/T59 *28 a-o Finland 104.27 fund 6s Akershus „• 73 Va 46'/2 - j-d Foreign Govt. & Municipal -; Agricultural Mtge Bank (Colombia)— AGtd '7 72% 16 *106% 10? 101.21 105.21 ' 3% f- • 49 >17% \ . w_ 30% 18% 6 / '■'*105% f-a (Republic of) 103.26 101.8 31 25% ' 9 19% _>/■'" V ■/. ■ *102%' - 73 a-o ______1969 103.27 *100 ,18 100.20 30% 25% ( 100.16 101.17 105.16 /> /VV .///•• '/. City ■Transit Unification .Issue— " ;■/ j-d _^1955 19% • *101 a-o a-1942 Mcndoza >.;■«•' ■ _________'__1962 5'/2s 2d series ■ 100.24 *101 ,6 m-s j-d f-a j-j Customs Admin 5%s 2d series___1961 5'/2s 1st series _____1969 • *103, 19 103.21 _V . j-j 3814 *102% j-d 1953 5%s_____l940 103, ,26 103.26 J-D m-n 1977 wks *104, ,22 104.24 , __ / _1949 , - 103.14 v >> 1944-1952 , 38% 25% " 40% • m-s:'. :v f-a .*• 100 1 , *104 .18 104.20 j-d : 5 A Dominican Rep Cust Ad 5%s__-T942 §Alst .series 5%s of 1926^ __1940 §A2d series sink fund 103.14 100, ,2 j-j 1944-1949 M 102.18 j-d 1944-1964 series 104.6 j-d ' . 3s series A __ m-s _____ Corp—"> 103.6 39% ' 31% 30% 40 38% January 1 ;vHigh, . >,1 30 *30%' A m-n __1949 debt External gold 4%s . 107.2 .*103,,18 103.20 "*103.,4 103.6 ■; 30 Range Since No.. *30% f-a j-d ,__1944 SADenmark 20-year extl 6s_L External gold 5%s 105.24 .106.23 106 j-d _____ Home Owners' Loan m-s : j-d —- 105.31 108.11 •: . 107.7 1*106.,9 : 'v , 105.25 106.17 ,"105 .29 v" MS 1962- 1967 _____ • ' High 1 5%s 1945 A Czechoslovakia (Rep of) 8s ser A_1951 ASinking fund 8s series B_ __1952 110.18 104.21 106.,13 106.15 j-d \ 108.16 *104 .13 104.15 m-s external •/ APublic 109.31 *108 .30 109 T-_ Low m-n v- 109.25 108.16 Sold - a-o 1951 Sinking fund 5yas . 108.31 108.10 ;*108 .11 108.13 j-d 1952. 1954 /_—ii— 107.2 108.11 4%s .. . 107.30 m-s 1950 1952 __ 107.11 107.7 *108.9 j-d _______ ______ ^1947 External 5s of 1914 series A External loan 4%s / , 106.9 '*107.29 107.31 j-d ________ 104.25 *107.5 j-d __1956-1959 Treasury "2'/2s____ Treasury, 2 VaS Mtge Bank 6%s (Rep of) 7s_^ (Republic of) 5s of 1904 Cuba : *104.24 104.26 US __1951-1954 _ : Bonds Sale Price Bid & Asked Period ACosta Rica 110.17 US 1945-1947 Thursday Week's Range , : Last or Thursday's. Interest ■ of !'■ '• * . . 110.28 107.29 . 110.29 106.17 1951-1955 2%S— ; . 108.14 110.11 110.13 110.13 1955-1960 __ T , *106.20 106.22 j-d ■•; ;• Exchange ASinking fund 7s of 1926 _1946 ASinking fundTs of 1927__ __1947. Copenhagen (City) 5s_________ 1952 25-year gold 4%s L1953 . 105.20 « j-d ___ Stock unless they are the only transactions computing the range for the year. "" > \ range, sales in ....... 104.20 1946-1948 __ week's such , New York - of , .-. 110.8 27/as__ 2%Su- mature. Week Ended Jan. 1 . *106.4. 106.6 _____1949-1952 __ 3s____ ' , the account is taken :> *108.16 108.18 a-0 ________1946-1949 3V8s_. 3s____ Treasury 2'/2s Treasury 2'%s t 116.2. j-d 1944-1946 ___. disregarded In No High 1943-1947 ___. l'/as Low MS 1958. •1963 Treasury 2%s Treasury 2%s. I960- •1965 .1945 Treasury 2 %s____—— .1948 Treasury 2 Va s__/_!__________1949- 1953 Treasury 2%s__. -.t No. *113.29 113.31 2%S— Treasury Treasury Treasury Treasury Treasury ■. High • Range Since January 1 Sold 1943-1945 3%s_. are BONDS Bonds J-D _1946-1956 _. 3%s_. Treasury Treasury Treasury Treasury a-o 1944-1954 try bonds A Colombia __1947-1952 Treasury 3%s_. Treasury 3%s_. ,_± - the Government Treasury 4%s_. Trei Low the month when case ■/„... Sale Price Bid & Asked Period •i indicate in each Exchange YEARLY - interest"—except for Income and defaulted bonds. Cash and deferred delivery sales the regular weekly range are shown in a footnote in the week in which they occur. BONDS New York WEEKLY - (City) A4%s assented external 1984 7s__ ■» Monday, January 4, 1943 New York Stock «» >„„/ ■ 64 62% 64 m-n *59/2 j-d *56 f-a 64 64% 50 50 j-j 1958 f-a F-A *10. 51% 60 ♦10 —1958 61% 2 60 4% 11% 11% 3% 11'/2 BONDS ' " Interest ' Week Ended Jan. 1 Period {Abitibi Power & Paper— § A5s series A unstamped AStamped __ Adams Express coll tr gold 4s Low Coll trust 4s of 1907 J-D M-S __ J-D B-A-»V-:-.'m.--A-1943 J-D 1st mtge 3%s____1972 J-J '-—I 4s series Power J-D Albany Perfor Wrap Pap 6s_______1948 6s with warrants assented——1948 ; .. " A-O A-O A-O 793/4 . • • 104% 54'% 65'A •'•'••■: 41 J 1077a 107 107% 101'% m-n Jan' ?? q-j m-s 30 : j-j '■ 10 '"// •'"4' 1037a 104% 103'A 103% 1033/4 104% '■ : J-D *112 113 *109% I J-J M-S J-D 62% 62% 138 A 74% 94 32% 63% 18 . 34% 1 19 15% 35 19% 19% 11 20% . A-O 102 ' •' ■'?• Sep 1 1946) '; ; Ref & gen ser AConv / * • M-S > -' ,:'35% 32% M-S F-A —_—Feb 11960 M-N 52 : 46 ••J-J;/ ref An A———1959 ' r , 51.';, 52% ~A-0 El 1st gold Debenture gold 5s__1 A 1st Bush5 —— of *70 Consolidatedv5s^_i—— Term Bldgs 5s gtd— 1955 1960 102% 105% / 98% 102 3 '■X 101 ' , & gen 4s series C 5s series A 40- 80% M-N 99 - , 83 98% 99 ' j v 11% 11'A 11% 10%; 1Q% - 32 '88% i 53 A-O 4s__—4—1966, gtd 5s A—.1962 Canadian National gold 4%s——1957 f' Guaranteed gold 5s July 1969 Guaranteed gold 5s_—___—Oct 1969 * Guaranteed gold 5s____ —1970 I Guaranteed gold 4%s 1955 cons 110 J-J Guaranteed .—1956 gold 4%s__ ...1951 'Canadian Northern Ry deb 6y2s„_1946 ,:Can Pac Ry 4% deb stk perpetual ... Guaranteed j i ( • ' 4%s gold Coll trust 4%s 5s ... trust Coll i Collateral For gold trust 4%s footnotes see page 24 7- ' o [Cleveland & Pittsburgh RR— " r, ; Series C 3%s gtd: :.__.__._1948 [ Series D 1087/a- 78 85 104 General 4%s series I s 1117a & ref 4'/2s 1st I Colo Fuel j j 5s & Iron gen s f income mtge— 5s___i_._1943 —__1970 AColo & South 4%s series 40 43'/a 44% 6% 11/ • 323/a 48'% Z 95 34 53 ?'■ 67 " 34 53'% 34% 53 f/ 44%,. 423/4 44 V2 ,•44% 437a 44% 18% 173/a 187a 1,281 47a 1,379 , :. / 4 4% 112 r . -ACertificates of —__—^^—1961 4s_^1948 & Sou Ohio El 3'/4s_____1970 & Tol 1st "extl 4s ™1955 Debenture 5s__ i Columbus & H ;-• 31% 34 : / . 19 7 5'% 8% 1% 20% 22 - 32'A 22% 35 32 34 ' 32% 34 M-N 34 ' 33 M-N 32% M-N 39% J-D 33 39 / 223% 353A 23 36% 480 Columbus ( 1057a f 95 y4 36 81% 95'A t 89% •90% 52 77 90% i Income deb w w__'_i u" • Apr 11969 Commonwealth Edisoxr. Co— • 1st mtge 3%s series I_____i Conv debs 3%s_-!_ — 22 3% 35 69 : ' 26- 423% 165 14 78 26% - . 23% J-D 22% 22% 23'/4 237 13.% 25% J-D "22 3/4 22% 23% 14% 25% ?:/;4/ i % 3%. •/ " 67 958 M-N - 48 F-A J-J 32 33 5« /' A-O 19'% 20 21 M-N 69 J-D *61% ; * , 21% 221 61% 50 '108 / J-J /'.;■• J-J 80 100 VB 100 4 M-N 95 94 96% •96 F-A 10 M-N *- 45 99% 1023% VA-: 13 / 33 92% 97% 9 94% 993A , ' . 1 13 A ,38% A'iil'7 ;• 108% 110% 65 21. 62% 63'% 86 42% 53% 44 52% 62% 74% 13 U- 106% 106'% 48 v. M-N J-J . *105 MrN 78 •7 85 264 46% 46'% '/;• j-j: 99% ]■ A 85 4474 45% 46'% J-J 112 110 7L J-D 30% 109% 1117a 99 X 50% 49% 1106 3A 110 > 1107a * 70 ' 36 54 . "-:•' *99 y4 /7I;/' '. •-• .5 104% 1083/« • - *106% 108 108 F-A *105% 1077a 105 .105 F-A J-J *105 105 108 - A-O *__ 73% A-O ' 75 76% 7 633/4 647a 72 59% A-O 63% 837a " 643/a A-O • 58-% 59% 94 84 '•75 63 3A 71% 667a -58 103% 103% 103'A 100 J-D *104 F-A 4 100 lOO 3 80 81 '.' 7 79 % 89 22% 24 3A 97 15 28 22% 24% 21 2178 917a 93 42 84% 102 A-O 80 M-N 24% * 241/4 , M-N~ A-O J-J 92'A 108/ , , J-D - J-J 88 5 52 113 1077a 108% 57 110% 57 24'A 85 102 78 3/4 101'A 109 32 109 106 109% 112% 11274 *111'% F-A May 92'% 87 *109 87% A-O M-S . 92 ' . . ;_1968 , 54 109'% 109'/2 F-A J-J J-D V68 105% 1087a 27 ;//' 125 >111 J-D 56% , 59 ^45% ,43% 107 3/4 108 loo J-J 47 / 9 62% 47% #413A < 5'/a 1% 68 .7 , 63 J-D M-S , -.'•• 197a 10% 49 69 J-D , 34 •9% 461 69 *46 34% 18 1,282 4% 33% :4'/a • J-D 5 59% 18% 380 /?/ 32 18% 20% : 40 333A . 32 4% 1% 48 19'/« . * M-S 4% 48 - ^ * 1958 ' 28 - - -40 22% • 22% t- - 23 33 •'•• -34',4 ./32% 35 21 33'/4 M-N M-N 34 25 323A *29'% M-N 347a 29 138 - 32 Vi 337a 33 33% " 32 *28'% M-N V lstvextl gold ACommercial MackayCorp— 72 % 89% 100'A 103 •■•' 32 M-N A—___1980 ! Columbus 93% 11 39% M-N 1st s f 4'/2s series C-_/__^-_.-.il977 | Coal River Ry 1st gtd 4s__._—_.—1945 108% 112'A 95% 51% 44% A-O .^...1973 f 5s series B gtd_ 13 J-J 33% 40 ' F-A series B___ lst-gtd 4%s—...1961 Union Term gtd 5y2s____—1972 Gen 111% 112 J-D 90 41'A: 437o J-J Cleve Short Line f 62 70 J-J —1950 ___1977 .1981 3'/2s gtd 103%, llO'/a 2 56 3A . ' —1993 24 15 /:"• 2 437a J-J —1993 .109'A noy8- 35 67 67 ; V. !/■;", 4 109 % 70% 56 109% M-S 105 7 y ~ 109 % 110% 105 10% 6% . , 267a F-A J-J 6% 7 '••»'/ 34 i 99% 100'A- 34 82 v 6% 27'/a 1127a 70'/a 26% 43 112 . 36 38 28% 50'% 103% 110% ; 28 31% 26 3% 105 - 38 16 2 423/a 108 70% 45 /- 30% 22 32 • 483A 2 100 68'% 33 38 30 3/4 43 5 M-S 61% 37 .7 /, 116% 123 50% ' 112% 112% J-J" ,•17 ■ A-O 110% 110% J-J' 66 3/4 30% J-J Ref & impt 4'/2s series E__..1977 f - Cin Wab k M Div 1st 4s——1991 St L Div 1st coll tr gold 4s.—.1990 Cleveland Elec Ilium 3s —1970 :81% 107% 112% *113 343A A-O •-112% F-A J-D 21% 1943 —1957 Gulf cons 5s_—1952 General 5s series B_; 63% 104% 108% 112'A myA A-O 1960 5s 4 61 38 — deposit_.__._, t Columbia G & E deb 5s -/-May 1952 i Debenture 5s__ —_—Apr 15 1952 1944 .1954 equipment trust ctfs « 1946 - 111% *108 — f! 80 79% 80 32% 66 J-J \ 13 106 *108% 109 Vb A-Q A-O J-J 31 96% General gold 4s__ — j . Canada Southern 80 . ; /California-Oregon Power 72% 71 , 83% 70 ■x;:1 62% 33 / M-S i , 59 •/' 737a D——-—-1962 /Cleve j Bush 65 72 •".: J-J • 12% 5'A ..,•59% ;77%-77% J-J'/. —i.:— 1st & ref 4%s series 41% . 78 59 83'% 737a *118 M-N 967a 59 66% ; 97% 88 97 V* 81% 32% J-J 93'A 90 64 735/a M-N fChicago Union Station— ■'?;//,• I; 1st mtge 374s series E———..1963 f 1st mtge 3%s series F—... 1963 ' Chic & West Indiana com 45 1952 -115% 5% 10, /•';;•; 10 81% ♦78 A-O 947a 81% 16 97 *93% 64% J-J 1951?;.;, 3%s Memphis Div 1st gold 4s__ 1951 \ Chic T H & Southeastern 1st 5s—1960 '1 Income guaranteed 5s Dec 11960 f " ' ACertificates of deposit—...— 88'% 105 "•';v- 85 80% F-A 1st mtge 3'/2s i—...-.1967 Cin Union Term 1st gtd 3%s D_„1971 5 1st mtge gtd 3%s series E—_._1969 ! Clearfield & Mahoning Ry 5s__—1943 1 Cleve Gin Chic & St Louis Ry— 113 .118 25 31 94% 96% 81 F-A •/ 110% 110% 36% 13 94 967a M-S ^Cincinnati Gas & Elec 3'/4s——.1966 •,,*115%-: «>*-:' 34% 299 16% 93% 94 114% 114 15% 16 ; f '; Gold 27% .•-*110 %>.-_'A • 106% 106'% 117% 1213/4 __ *__ 1960? 43% F-A \\ 35% 3 V./"1 *114% J-J 1951 109 % •1 72% 18 : • " A_.—A..1952 Childs Co deb 5s J-D M-N §ASecured 4'/2s series f Debenture 5s_ ? {AChoctaw Ok & 98% 108 28 ;; 106% 106% :118% 118% ,1 ' 100% 106 3 - 100% 104'A J-J AConv gold 4'/2s j Chicago St L & New Orleans 5s : 100% 100% 104% 104% J-D 79 29% 33 104% 105'/a / 102% 14 100 5 A-O \ {AChlc R I & Pac Ry gen 4s——.4988. ! '■ A Certificates of deposit.—— t § ARefunding gold 4s—...——-.1934 76 107 1 102% 102% J-J —.—1927 ji, 25% part paid— 95 6 *100% M-N I 80 15 102% 102'/4 J-J registered...^ 66% 97 > 23%, 108% 108% 130% % 104 126 3 130% 130% J-J —1975 74 38 73 953A 17 94% 927a ■ _Jan 12000 adjustment 5s A Conv 85% / 79% . . 22% '23% 108% F-A , 103% •V/74-V/ -r. f 105 101 ' , 98% 3 947/8 , 39% X 39%. M-N M-N A-O : . %•:' 72 73 J-J- , Terminal>lstv48_i——1952 78 *93% A-O M-N — 100% 96% 102% 105% - 78 M-N /. ...—1934 , deposit— si 25 / *102% M-S if Burlington Cedar Rap & Nor— 83% 103 F-A -1947/ —1950 / —48 127% 130% J-D F-A 61% 72% ■ - i 103% 108% 98 Va 101 } j 61% 48 ~5 102% 102% 80 7b • F-A .1987 1987 AGeneral ■ 4s—-—1987 4s registered—— —_—_1987 'AStpd 4s n p Fed inc tax 1987 AGen 474s stpd Fed inc tax__„1987? AGen 5s stpd Fed inc tax.r——1987 A4%s stamped ————1987 §ASecured- 6'/aS — —.——.1936% A 1st & ref gold 5s :—May 12037 A 1st & ref 4%s stpd May 12037 Alst & ref 4%s C—i.May 12037 AConv 4%s series A .-.1949 {§AChicago Railways 1st 5s stpd X 53% "'49: 100 101 F-A. 95'A 75 M-S {Chicago & North Western Ry— AGeneral gold 3%s ;. 54% 45 .104% 104% 104% J-J 78 ' M-N 1949 1958 —..1977 AMtge gold 5s series A_ ; 42% 48% • • 583% 87 *86 M-S AGen gold 3V2s series B__May 11989 4'/2s series C May 11989 1;:; AGen 4%s series E May 11989 AGen 474s series F... May 11989 I {Chic Milw St Paul & Pac RR— . 95% 100 103% 104 49 ' , AGen ■ 39 43 1 *98 '/a • A 1st & gen 6s series B—..May 1966 Chicago Ind & Sou 50-year_4s_ 1956 ({Chicago Milwaukee & St-'Pahl,— . i AGen 4s series A—; May 11989 I 9 129% 129% *99 62 73 /r 53% M-N • -34% 14 103% 104% A-O.; 5 55% 73% 55% F-A I '■'iv-J A-O A-O 73 % 83% A-O 837a 68 823/a J-J 39'/a ,45 ' J-J J-D 14 48 83% F-A 1947 1966 44% 18% J-J f K 1st lien & ref 5s series B— 1957 Buffalo Gen Elec 4'/2s B—.I—1981 'iBuffalo Niag Elec 3%s series C—1967 • iBuffalo Rochester & Pgh Ry— - • ,• x stamped, modified (interest at ..;■.••>-• f? > 3 % to 1946) due.. 1957 A Certificates ''A,,: 24% 65 -; 197a 109% 107 • 273/4 39% : 28 .1 29 i § A 1st Si coll 5s 83 82 A-O 5s_„1950 Ss.1945 'Bklyn Union Gas 1st cons gold 1st lien & ref 6s series A— *60 J-D *108% 28% 7 ■•'.; , .i 1 24% •;/ 108 6i y2 61% 61% J-J Sandy 1st mtge 4s_ _____1944 / Blaw Knox 1st mtge 3%s —.1950 Boston & Maine 1st 5s A C— 1967 X 1st M 5s series II— .—1955 ?■/■ /■: 1st gold 4%s series JJ— .—1961 1st mtge 4s series RR— ...I960 /,/ AInc mtge 4%s ser A—.—July 1970 {A Boston & N Y Air L 1st 4s.—1955 Bklvn Edison cons M 3%s——1966 //; vBklyn Union * 380 *99% 101 60 61% 60 J-J —— 19 65'/a ' 24% ,-187 46% 45% 12% 13% 303/a 62% : 1 152 • 20 1674 31 16 " — j-j 106 j ' • 166 ; 14 j-j A Refunding ■■■■': 33 54% ' V' 201 -;4 22% -24y2" J-J RR 1st 5s_—_1943 •Big *\ \ 191 32% 31 - f ■ ' • 40% 1951 4s stamped ________1951v Battle Creek & Sturgis 1st gtd 3s__1989 ABeech Creek extl 1st gold 3%s____1951?, A Bell Telep of Pa 5s series B——1948 r-') 1st & ref 5s series C ________1960 ; Belvidere Del cons 3%s—.— 1943 A Beneficial Indus Loan 2%s —1950 2%s debentures— 1956 1 Beth Steel 3%s conv debs—-—-1952 ■Jp Consol mtge 3%s series F___—-1959 « ■X Consol mtge 3s series G__—1960 /••; Consol mtge 3'As series H— 1965 ; t • 32% 31 ' 24% J-J Bangor & Aroostock Con ref 4s_ !' 32% .•33,/2': 35% 32% Pgh L E & W Va System— * .♦ w R«£ gold 4s extended to_—1951. Toledo Cin Div [M 140 61 ■' S'west Div 1st M'(int at 2Vi% " tuJan 1 1947) due——.—-1950 V ! 3-D due___ 2000 F (int at 1% to :// due_— , 321s 18 1947 ' i 3%s due—-——.1996 y Sep 1 1946) ; • J-D 60% 31'/a 60% A-O , 22 16% *15% .1989 .11989 ARefunding gold 5s series B ] . due———1995 Ref & gen ser C (int at 1%% - • to Dec 1 1946) due——-1995 s Ref & gen ser D (int at 1# to • 1; 1946) 75 133/4 16% 303/a 40 52% 181 •::'% 62% 268 . | Stamped modified bonds— f ■>>/ 1st mtge gold (int at A% to •.// Oct 1 1946) due July 1948 Ref Si gen ser A (int at 1% to Dec 60 58% 59% 51 18% J-J • > 68% 17% series A—1988 95% 101 10 Si Ohio RR— gold 4s—»•.—____July 1948 67 % AGen inc mtge 4'/2s_ .—2038 1 }{AChic Ind & Louisville ref 6s A..1947 ; B mtge 110% 112'% *1107a —— Chicago Gt West 1st -4s 3 t 1st 8'A 163/B / ;< Baltimore X, 18 J-J f 77% 30% 25% 4' v 33 J-J 57%., 66% *105% 106 M-S 1953* 74 100% 101 J-J • 1 87% 101 •'/ 28% 34% _._1949 4s—... Division 1st & ref 4%s series B ? 100% 103%101 104% f? 4 87% 28 J-J J-D 110 109 32 Z 32% 3 1st & ref 5s series A—...——1971 |Chicago & Eastern III RR—/' A Gen mtge inc (conv). —1997 Chicago & Erie 1st gold 5s— 1982 ; 109% 112% 73 A'. 8% 60 J-J ; ... 4s registered... , i / \ 60. i 74% M-N 96 105 105% 84% 87% J-J , 103 25 3 47 6% registered...^—_.._.._..i949 3%s Illinois / . 97% 101% — 103 103/a 6% 578 1949 Chicago Burlington & Quincy RR— • ? Illinois division 3'/2s. 1949 r 110% 112% *102% 103'A 103 J-J - ;Vl 111% 112 111% J-D 107 25' 6 .1992 1996 '// General 4s_ 101 102% J-J - /Atlantic Refining deb 3s *100 M-3 / 101 104%; 104% J-D i;: Conv 4s of 1905 1955 ">; Conv gold 4s of 1910 i—1960 Trans-Con Short L 1st 4s__—1958 i Cal-Ariz 1st & ref 4%s A„ 1962 Atl Knox & Nor 1st gold 5s 1946 Atl & Charl A L 1st 4'/2S A 1944 1st 30-year 5s series B— 1944 /Atlantic Coast 1st cons 4s July 1952 General unified 4'/2s A— 1964 *■: V, L & N coll gold 4s— —.Oct 1952 Atlantic & Danville Ry 1st 4s 1948 » i Second mortgage 4s •. 1948 ./ Atl Gulf & W I SS coll tr 5S— 1959 22'% 6% ) ? 95 87% 78 95 *104% 109 J-D 76 6% AChicago & Alton RR ref 3s__. • 106% 112 88 y4 94% 95 M-N Stamped 4s__—1995 Conv gold 4s of 1909 —1955::; . V "*,//: 2d consol gold 4s ■•} , 100% 106% 59 ' 24 Va i: Ref & impt M 3 y2s series E 1996 j.;. Potts Creek Br 1st 4s .....—1946 100% 106% r *91% Nov 45% A-O ___1987 ....1962 | / R & A Div 1st cons gold 4s_ 991/4101 ^. 5 111% 111% 111% A-O ' 55 69% A-O J-J 697a 108 56% > • .' r Fe— General' 4s___„—i.1995'Adjustment gold 4s —1995 M-N 1987 Chesapeake & Ohio Ry— • 1, General gold 4y2s_._ ; Ref & impt mtge 3'/2s D / / Atchison Topeka & Santa 67 1961 .1987 1987 553A 87 v ' •/••.' 27 : ! 36 . 101% / 100 -.34 :*100 __ . 'Xf: A/ 57% 68 102% 23 2 29% F-A 55 99& 93% 100 13 ' , 1053/4 1087a 106 109'a '• ;•//■,/3 58 % ' ' *51 __ F-A 9874 98% .„• ;; 98% '-•■'/v. : u 58 % / '■ 113 101 107 29 Va 1966 ... 41 98% 1057a 108% 61 107 107, A-O J-D 4s_. registered 48% . ' 80 %/• 7 93 42% 48% 102% 102% 97 .'•,, i Central Pacific 1st ref gtd gold 4s_1949 '■ Through Short L 1st gtd 4s__.._1954 ' Guaranteed gold 5s___. l.x.._1960 '§ ACent ral RR & Bank'g of Ga 5s__1942 Certain-teed Prod 5%s A__.._l_.__1948 1013A 1043/a ; 1 100 ,.1948 i'Central N Y Power 374s__ 100% 10474 -.,24 : 99% 103 102% A-O AGeneral •105% 108% 5974 1 F-A ^Central Illinois Light 3%s__ 4s / '••r' 100 J-J 68 61 106% 109 J-J ; {ACent New Eng 1st gtd 4s__. /{ACentral of N J gen gold 5s ••, / • 5s registered ; High 47 6 J-D . Low 1 60 Va 60'/8 ..1947 '; ' AMobile Div 1st gold 5s_.-™__1946 •. 59. ' 60 11 m-s 64 7;'' 1077a 107 76% 51/ . /149 . 101%./ j-d Tobacco Co 51. 103% 104'A 1077a A-O conv . 92 63 47 / . •104% / j-j 78 50 /:. . ' " V ' m-n 1966 debentures—. : / 92% January 1 No. 108% 109 109 M-N ARqf & gen 5s series C__/_'._ 1959 AChatt Div pur money gold 4s_.1951 94% 85 13 103% 103% 107% 107% W'X'A > 99 • 787a 80'/2 ' 10 104 .104% 103% 7 , Sold High 1962 {Central of Georgia Ry— • A 1st mtge 5s Nov 1945 § A Consol gold 5s _.._™____1945 ARef & gen 5%s series B 1959 63 ,81% M-S ...1950 .1981 ,t 63 55 693A ' 60% ; • debentures——_—1956 *: deb 3s —1962 Am Wat Wks & Elec 6s series A___1975 A Anglo-Chilean Nitrate deb—*___-1967 /{Ann Arbor 1st gold 4s_i——-_i—1995 •; Ark & Memphis Ry Bdge & Term 5s 1964 j Armour & Co (Del) 4s B_____——1955 V 1st sink fund 4s series C (Del)-1957, 3s 54 91": m-s « 103% 103 gold 4s.._. :iCelanese Corp 3%s debs ;Celotex Corp deb 4%s w w_. ACent Branch U P 1st gold 4s 104% 107% 68% :•/'■• 60%/593/4 ;;•/ 54% / 51 V ?__ : *60% ./' m-s .Cart & Adir 1st gtd J-J 1965 Ohio 4s__ & Carriers & Gen Corp 5s w w ' ., 106% 102 89% -.6974 • F-Ay'.' I 4%s debs~U—1951 Foreign Pow deb 3'As • A-O 62% 104% 104% ' 90% j-d 4s__..^._1952 5s_._™._2030 Amer I G Chem conv 5%s™_____1949 4 ;Am Internat Corp conv 5'/2s __1949 American Telephone & Telegraph Co.— 3 'A s debentures —*_1961 Amer — F-A Allis-Chalmers Mfg conv & ' — ___ Allied Stores Corp 'Am . A-O 1946 1944 5s modified ..1949,; 5s modified.--.™—______.:____1950 ,/ A5s income_.__.___.——_1950 Alleghany & West 1st gtd 4s 1998/ modified — ; 72% ' 44% *103% — =*102 81 *107% •• *57% 63 *57% 63 *93% *92% .94 '■ A-o Albany & Susquehanna RR 3'As registered™. Alleghany Corp— Clinch 60'/8 1949 t§ACarolina Central 1st gtd 4s Range Since Bonds Thursday's or Sale Price Bid & Asked: Period Week Ended Jan. 1 \ Last Interest Low 100% 1017/a 98% 102% *103% 105 __ A-O 3%s__Jl946 , __ Thursday Week's Range - High 65% 70% 48% *~ *47% *101% *102 J-D 1953 ___1953 1948 1947 F-A 5s Low No. High / . Carolina 10-year deb 4'As stamped.'. 1946 Ala Gt Southern 1st cons A 5s___1943 cons ■January 1 . Stock Exchange New York Range Since Sold • •.'.! 1st or „ / Alabama Bonds Thursday's Bale Price Bid & Asked East • Industrial Companies Railroad and t BONDS Thursday Week's Range ' New York Stock Exchange j ! FINANCIAL CHRONICLE THE COMMERCIAL & Number 4139 Volume 58 19 21 59 110% 110% 10 1083/4 1113/4 109% 71 106 109 109% THE COMMERCIAL & FINANCIAL CHRONICLE i 22 NEW YORK ;: bonds New York Stock Exchange Week Ended Jan. 1 }.! Thursday-Week's Range Last or Thursday's Bonds Sale Price Bid & Asked Interest Sold Period Low , & Conn Pasump Riv 1st 4s 1943 L 1st & ref 4%s 1951 ——1951 bon.DS- No. High Low Monday, January 4, 1943 BOND RECORD Range Since January ' •. I New-York Stock Exchange ^ ■ 1 Week Ended Jan. 1 I High A-0 ■ Period /•,' /V" Thursday Week's Range Last or Thursday's Interest . \ . Bonds <- Sale Price Bid & Asked // V;' Low Range Since /January 1 Sold High 'NO. Low High Illinois Central RR—(Continued) i ' Conn Ry & : gtd 4%s Stamped : *112 J-J F-A —1948 debentures.—— 1956 A-O debentures 1958 J-J . J-D Consolidated Oil conv deb 3'/2S ! jAConsol Ry ADebenture 4s_.— A Debenture 4s_; • t, 1st mtge 3V2S-— ; 1st mtge 3V2S—— 1st 1965 —.—i-1967 _,w—-1970 ——.-1966 mtge 3'As—— mtge 3%s— : Co 2'/is s f debs 3'/4S Crucible Steel ACuba f debs— s : i % series > 26 A 38 101% J-D i Inland Steel ,1st 109 7 991/2 101% (tAInter-Great . 22 90% 98 18 26 37% i 28 / 33 23 % 33% i —' A-0 ' J-J v:'^V 1969 J-J J-J 18% f ADes M & Ft Dodge 4s ctfS—1935 Plains Val 1st gtd 4'/2S——1947 series 4s F—— M-S 38 tint Rys Cent Amer 1st 5s B__——1972 1st lien 81 ,ref 6'As— —,—1947 •;.7 2 23'A 33'A 44 86 % 96% Ref sink fund . 15 101% 57'A 108% 5 51% mtge 3'/2S series G—1966 i'i Gen & i ref 3s H— series 21% :4'//-'' 114 ASecond gold 4s„ 1970 24% tSAIC C Ft S & M Ry ref 1% 7 A 5 161 11'A 4'/2s & Tunnel 1961 M-N 1950 //V M-S A-0 Term Dow Chemical deb 2'As.— Dul Miss & Iron Range Ry ADul 1st M 3'As Duquesne Light East Ry Minn 85% J-J 1965 V"85% 21% Certificates & Ga Div 1st 5s 1956 32 1950 J-D Elgin Joliet & East Ry 3'As El Paso & S W ! 5s Railroad 1st 5s— 80% 168 38% 67% 1% 27 'A 2% 45% 46'/4 42 7.7 43 53% 93 94 % 45 93 97% 85 A-O gold 4s_1936 A-0 of deposit—.. 61% 85 82 88 ; J-J J-J 108% i 1987 J-J J-J 12 62% 30 69 69% 1960 60 62% , 61'A 59% A-O 1st 3s—1950 —Apr 1950 4 60 , 60 — 69% 127 40 69% 37% 56% 35 108% 109 67 65 65% 37 74 108 *110% 110% 50 86'A ———1961'; J-J J-J 40% *93% ref 1st. & 95% —i. r.„ 6'As 86 Va 3 *82 *169% *104% 90 J-J *106% -w~; ' M-S 105 »/4 105'A 1950 M-S 102 1959 M-S : 106% 104% 106% 4 7 102 84 170 V 1 168 101 . - Koppers Co 1st mtge-3'As—1—...1961 Kresge Foundation 3% 95 82 .- "V:W^.7;7 103% notes ' 7 A-0 44% //807;.;/86%: ;; J-J —1954 ... 110% 111% ?7 *45 J-J 108% - 15 15% 5 103% 103% 107 2 107 10 M-S '-i. A-O 1965 100'A 100% *102 :7 A-O 63% 11 98 103 . 102 % 1% 100% 100 100'/4 ' 4 98 100% 88% 88 ' 87 88 V2 23 72 91% 86%' 88% 49 72 'A ■ series C Erie & Western RR— ■ 91% . J-J 3 %S—^.1,997 y 3'As registered..—1997' iLautaro Nitrate Co L,td— J. '' J-D J-D 1947 to Mich Sou gold Lake Sh & 70 64%. 5'As ref & 5s extended at 3% 1 104% 58% *61 Co— A-O F-A F-A | Lake! 56'A 12 65 10 .—1953 Coll I 155 99% 101% 102% 62'/a 1% Coll Ac ref 5%s"series Da—-—I960 I Laclede; Gas Light- extd. 5s—..—1945 109 99% 103'A •' ' 1% 108% 111% 108 103% 1031/4 tAKreuger & Toll 5s ctfs 3.1 149 —1965 stamped Erie 1970 25 106 J-J Elec Auto-Lite 2'As debs 93 64% 4'As unguaranteed..—-——1961 Kings County El L &.P 6S—1997Kings Co Lighting 1st 5s x 1954 41% 102 9 23. -107 M-N 1995 t 45% J-J 1st gtd gold 4s__1990 City Term Plain. 101% 106% 34 " 109% 109% A-O , J-D Kentucky Central gold 4s 17% 106% 106% ^ 'j Ed El 111 (NY) 1st cons gold 5s i East Tenn Va 1 '/8 , 35% ■ J-J Nor Div 1st 4s-—1948 14 lv,%6;: 24% 84 1% M-S 1st 4s 109'A 112 *102% 102% ■ 66% ■ Kentucky & Ind Term 4'As___—1961 'h Stamped ——1961 7' 89% 108% 112 % 9 . 40 , *22% 3'/2S—1962 Sou Shore & Atl gold 5s 1937 Detroit 40. A; 3% 78'A 8 104% 104% J-D 65% 96 90% 101 147 " 1 — 111% 111% & Mich Kansas City Southern Ry Ref 81 impt 5s_ 19% ; A 104% 105% 4 K Kanawha 18 % 104% J-D 66% ' , .1959 3% ■/'A. •/ J-D 1995 — 63% F-A —1961 22% 1% , 39 % 'V : lO'/a 40 6% 21% 79% 83 , KS.'-H-.®- 99% *98% 100 53 "5 75% 88 •72% 84 79% 53 05 1 : 83% . 79% ? , 1st cons M 4s series B__ AGen N Y mtge inc 4%s series A_. & Erie RR extl Ohio —1995 1st Div 1st 4s_— 3'As mtge J-J 93'A 2015 J-J 1947 M-N 1971 92% 55'A M-S 54 *98 • — 93'A 101 55% : 162 86% 58 106 ' 98% 95 „ 1; / 108 Dec Alst mtge income reg 1975 ;Lehigh Coal & Nav f-4'As A—,.1954 93% 45% *106% : — Cons sink fund 4 j Lehigh & New, Eng RR 4s A———1965 1943 of J-D 1974 A Certificates 98% M-S 98% J-J 1959 Mi 99 ' '■ *70 78% 78% 20 20% 20 20 28 • §A2-4s 88% 9 99 58 18 154 . JFonda Johns & Glover RR— 71 ' 57% •./■/ 79 } 21% 7%: 20% ; (Proof of claim). 1982 of deposit—. Machinery Corp 3s debs M-N 3% M-N 7"..' 3% J-D 1956 Francisco Sugar coll trust 6s *3% : • — 1956 81 79% . i ; 2'A 4% -1% : 9 4% 100 81 112 102% 69 Z 85% • " 5s t.Gen Steel Castings 5'As i f AGeorgia & Ala Ry 5s J-D ' —1949 Oct 1 1945 *116 J-J, f§AGa 99'A J-J ; ... 1,7% J-D Gotham Hosiery deb 5s w w M-S' Grays Point Term 1st gtd 5s_. Northern 4'As series A 99% J-D 109 13 99% J-J ,103% J-J 91% 91% 83'A 84 82% 83% ,1976 102% 103% J-J- .' 11 J-J 99% 99 1946 J-J 99 % 98% 75% 75 Va A Debentures ctfs ctfs A Feb, B >Gulf Mob & Nor 1st 5'As B__„___1950 mtge 5s series C_; 1950 Ohio 4s series B A-O 1975 2015 AGen mtge inc 5s series A & Ship Island RR— J-J- Gulf & ref Term Gulf States Steel M 5s - stpd _1952 f 4%s_„__ s 70. / , ' 7% 20 70 11 % 89% // 88% 68 44% 33 42% 51 52 53'A 45 48 57% 7, M-N 29% 28% 29% 209 26% 37% 27% 27% /16 28 36 • M-N- 32=4 31'A 32% 112 29 40% M-N 35% 35 35% 80 Ry ext 5S^—i———1951 A-0 54% 54% 55% 15 A-O 66 Va / 46 *92% M-N ./ f 92% 103% 101 - B ~2 110% 110% 74% ; 59 93% 105 .. .. * 109% 111% H Hocking Valley Ry 1st 4%s Hoe (R) Co 1st mtge f§AHousatonic Houston Hudson Oil Coal Hudson Co Hudson & AAdj Ry cons gold 4'As debs 1st Gas s f 5s 1999 J-J 1.1944 5sIII1937 3.1954 series A. 128 A-O 128 •; .7 M-N 77% M-N "v 128 *98% 103 76 103% ; fU- 2 109% 109% 12 F-A 121% 121% 6 M-N *9.9%; 45 M-S • 103% 103% 8 J-D 1949 M-N 1957 F-A 47% 46% 47% 140 36% A-O income 5s 19'A 20% 187 8% • 38% 43 120 128 7 '** 35% '' Illinois Central RR— 1st gold 4s 1951 1st gold 3'As Extended 1st 1st 104 1st'- & ref 5s series' B___ —2003 'series* C-A'--y----2003 j.,..Tst' 81 ref 4s series D—2003 trust A-O Collateral For lines 1st & ref 3%s series-E—.^.2003- A~? 85 | Unif. mtge 3'As series A ext.i—1950 i Unif mtge St Louis Div 2d trust footnotes 101 South .1960 see page 24 104 109 106% 80 13 94 84 107 86 94 108% 111% *110 1957 > 85 84'A 11 79 85% 47 45 47% 94 44% 5 5'A 49% 50'A 32 43% 53% 50% M-N M-N Lines) 85 7'7 *32 M-S 4s_l.^— .1959 (South 101% A: 26 . — , 7 — 69 *21 ■' — 99% 102% 90 93 .1941 7' Steam Shovel s f 6s_—. A-O .1947 j A-O Stamped 90 84 86% 1940 86% .1945 Q-A ,51% 102 102 ' iw.. ;• 1 — 42 98 102% 97 /' : *98% 103. Q-A 86 60 30% *35 J-J ... 103 " ■ :1955 32 42'/e • u- 88% . *105 A-O 55% McKesson 46% 45% 46% 70 39% 49% 43 Metrop Ed 1st 4'As series D_..__. .1960 41% 43 30 38% 46% .1950 A-0 45 Merop 46% 62 39% 50% .1938 F-A 107 M-S J-J & Wat Robbing 3'As:— Sew & Drain 5%s— .1956 ' ■ '' m-N 46% <• J-D • *35'A m-N 86% 105 J-D .1945 *86% 1953 93% 101 M 45'A 1952 gold 4s 98 107 80 93'A M-N —1955 Atl Knox 81 Cine Div 4s *_. 104% 80% 104 *106% 110% J-J Ry joint monon 4s.„—1952 4 103 % *104% 105 F-A go\d 3s 1980 '/ Montg 1st gold 4%s_.—1945 & *86% 49 101 *108% 109 ,M-S i, Marion 51% 85 . l§AManitowoc Green Bay & North- *95 A-O 84 M-S Mob A-O ■ 90% 19 // 83% , j-j"' j.j - 99 10 103 4s series B ext.——.I960' > Paducah & Mem Div 4s .—1946 jtf.g 1952 11 95 102% 103 - j-ir ^^1955 3'As 106 88 88 1951 gold 4s 104 104 86% 95 A-O : .—1951 3%s Refund.ng 4s Purchased 101'A 119% 122% 75 84% 108% 110% 94% A-O 1st": & sref 4 %s f I A Manila Elec RR & Lt s f 5s___—. .1953 jr.j 195! gold gold 3s sterling Collateral /"j 99 % 1 79 M-S Manila RR 1981 99% 91% 27 — 77% • 99% 02 Louisville'&.Nashville TRR— < 118% 120% I Illinois Bell Telep 2%s series A '/t 78 j Lou & Jeff 21% , 121% 123% ' 1966: Bridge, Co gtd 4s------1945 48% 19% Manhattan 1st 5s A 42 ' *121% F-A 102% 104% 1962 gold 5s._; 109% 115 109% 115 109% 109% j 61 106% 93 Feb 1957 1st .8 *109% 110 y2 A-0 1951 104 117% 91% 15 98 M-S • , 102% 105 / ii% 98% :98% ' 98 • J-J i 61% 104 104 A-O M-S M-S 98% 106 - 78'A 46 51% 165%. 105% f Louisville. Gas &'iEleei 122% 128 7 38% • ,32 114 A-0 t gen debenture. 116 '/4 '115 104% 105 % i »y , 29 J-J Libby 4s_.———1955 f • 3 30'A * - 7- ■ raodified__'_————2003 f Long Island unified 4^-------7'-^-1949 I Guaranteedi ref gold 4sli—T—-^1949 4 4s stampedJLL—-_A—_i———1949 I Lorillard'(P) ,Co"deb'7s—--.r,----1944 95% ; 73 66% 43% Little Miami 5s 85%. 92% ;. 58 68 52% (Louisiana & Ark; 1st.5s series A—1969 11 5.3% *103 . 68 70% 71% 44% 4s series A_„.^.1962 'Long Dock Co-3%s ext to—.—s.—1950; 65 51 - 52%. .53% * 79% ■; A-O ,„_1969 'V•• vjA' 93 85% J-J 1961 Gulf States Util 3'As series D ■ : 8% .. 88% J-7- 9 73% 577 J-J (Liggett & Myers Tobacco.7siii.-tJ-1944 99'A 69 % 72'A 58 -.A'"'"7 »A F-A •j '5s,debenture—--------ti—-;---'-i951 , 99% 92% 58 72% 85 . ■ ? Libby McNeil &; - 65 *90% '4*'S'-ir ■ A-O ... Gulf Mobile & *60% Feb 93% 132 75% J-J 87% 24 99'A i AGreen Bay & West deb • 89 79 • 72 5 68 67% *65 - -'80 1 71%- *69 : PijiJrL'-fcv: ,►-75 7""1':"'1 84% lst-50-yr 5s gtd_^„1965 Lex & East 97% 79% 48 99% mtge 4s series H— 1967 r 88 47 '• ' 98% 105 67% 83% mtge 3%s series I 7 *84% j 84% —.——1974 stamped....,— Leh Val Term 100 105% 109 12 j-„ Gen 7 91% 1977 1946 i, 80 8 mtge 4s series G General Gen .3 109 80 99% 100 F-A;: 5s stamped 32% 93% 107 67% 3 ' *94% J-J, : ■■ —i- j Lehigh: .Valley, N Y '4'As ext.——1950 .21% 20 86 F-A w5s.L.i;Y.—-1974 \ Lehigh Valley-^ RR— 4s stamped modified—.—.——2003 4s registered.^.-—-^i-i-ii-.J^2003 I 4%s stamped modified—r_—2003 t ;i. 4%s registered-it—-': ——2003 100 14 85% * 91%. 96% yi *100 > ?Leh Val Harbor Term gtd 5s—•_—1954 ■ 116 94 «- . ' 1 106'A 107 1973 ; ; j.r General 4%s series D General 4%s series E ■i; i" 28'A 1952 General 5s series C • 39 1961 General 5'/2s series B 1st 17%. 1947 Great 1st 69 16%. J-J ..1946 116 98% 100 28% Caro & Nor 1st ext 6s„„—1934 Goodrich (B F) 1st 4%s__ 1956 ? 7 95% :F-A. ——1954 ref sink fund 5s 1 Gas & Eleo of Berg Co cons 5s_—.1949 79% 94% 'Uu..;';,,', i 1st & ref sink"fund I , 4%; 4 *101% 102% 80 67 /f stampedii^-.———i—1954 lsf' & ref sink' fund 5s_—__y-—1964 ; §s < stamped.l—r-,---1964 5s 70 17 1944. stamped...—,.j 1st 81 ■> 8% . 5s ' s ^Certificates Food ; . 78% 20% 20 deposit— ); • ■■ i 57 's-8/' 75% 78 M-S f Lehigh Valley Coal Co— M-N 35 78% 75 A-0 (Lehigh & N Y 1st gtd gold 4s.—.1945 .1961 50 78 J-J J-J ViiS.;series C--.--l.954_ J-J • — 88% 105'A 107 111% Ill'A *80 -w— — . *5% 84 10 10 ». 68% - 95 103 " 2 32 __ ; 102% 105 A; 20 - , 62% 108 Va 176 112 ' , Jones & Laughlin Steel 3V4S 10'A 3% 112 96 63% 104% 106'A 104 398 *86% ^ 112 M-S gold 4s 1995 Detroit & Mackinac 1st lien '•-v A-0 , i James Franlcl & Clear 1st 4s 61 Va " 22 \ -J' ' , 28 106'A 108% ' 17 ' V "t 28 11% ■: 116 ■7::/ 6% 11 85 96 J-J Debentures., 5s—l— 1-—1955 IJAiowa Cent Ry 1st & ref 4s_ 1951 c 20 105% 29% 1% 35 *91% F-A i v 105 11% , 269 36% 38% 102% 103 M-N deb gold 4%s_—1952 Int Telep & Teleg 101 Va 101'A ■ 21% 2'A series A__..—1955 103 'A 106% 362 */y,. 6s 3834 99% 104 // 143 26 82% 99% 102% 1 6% 47%. 102% 105% - 2 26 23 105% 33'A 6% M-S 1965 23% 38'A J-J fADes J-J 30'A Kansas Detroit Edison >/ Gen & ret 5% d22 '/a 2 3'A 3% A-O 1956 6% 23% 7 - ,25% 20»A 5s series B——Apr 1978 ARef & impt J-J 36 /A 4 A;- F-A A-O 102% 20 J-J to plan}— (subject A...July 1952 .—1956 25 A-O *106 'A F-A J-J . 52% 19% 27'A 108% 108% 20 103% 103'A d22% 27% J-J; *108% :: 21% Aug 1955 series 6s Alst 5s series B_^— Alst gold 5s series C 104% 104%:// 101% 101% - 4-0 Paper, 5s series A & B_—1947 108 _1969 tr^ 101% A-O 1947 Hydro El deb 6s_———1944 55 >% f§ADen & R G 1st cons gold 4s_—1936 §AConsol gold 4'/2s ——_—1936 1—1952 Internal *— 57% J-J A Assented 4 *108% 110 i 105% 105% J-D 1943 1st 4%s__1971 {ADenv & R G W gen 5s 24% :,i^:24'7.> i 95% J-J — 66%. M-S Nor 1st 6s series A.1952 AAdjustment ,■ 1 M-N 4'As 56 llnternat 96% Dayton P & L 1st mtge 3s ,.—1970 Union Ry 3%s series B—1965 Dayton & 81% 40% 28% 96'A 66 81% 35% 28% ■: 79" 66 81% 30 28% 79 7 2 40% .37% 28 1 54 . I-/-'.".-." 62 80 16 . 49% . 139 J-J 7 46% 43 43% ■//: 5 271/s 40 39% 48% 39% 38 : 45% 33% 27% -, 41 a-q: mtge 3S series F_.1961 ; Interlake Iran. conv. deb 4s 94 *36 7. 6 17 . 43% 36 . 59 48.' ; 33% 33 y8. :'C' Delaware & Hudson 1st & ref 4s mortgage 4%s_-—u—l \ 61 53 J-J 4s.———1950 (Inspiration Cons Copper 4s „ 1071/a 109% . 1st J-D , - 106 - H'r' 57 :i4 : . /■/ 95 61 83 12 v\ *79 f: \' 71 . — 47 48 59 ,38%' 49 . , J-D Joint 1st ref 5s series A. —i—1963 1st' & ref 4'As series C-——1963 1 1st J-J T.'s- " ,/■• v 41% 46% 47% F-A jfAInd & Louisville 1st, gtd 4s. 1956; Ind Union Ry 3'As series B—1—1986 108% 111%;, 33% /,/ 27% 39% J-D —1955 110'A D Delaware Power & Light 58 40 47-1 - 48% 2;,: 63% 58 S'?i 41 J-J 322 81 *61% \i ■A- - F-A 3 43% '81 ■ 52 Jill Cent and Chic St L & N O—' I 33% - ' — 1946 deb_ jjj, 27% . to *—•:,/ .■ J-J Springfield Div 1st gold 3'As——1951 Western Lines 1st gold 4s 1—1951- 37 108 % 110'A 7 ■ 100% 101'A J-J — Curtis Publishing Co 3s ref gold 3s__——1951 37'A ; 93% • :.s—7 to——1946 v;M:i / 110% *108% 109% J-D -1952 extended 'Mil-'1" J-D receipts ADeposit 1st 98 A 107 107% 107% '■ A-0 1955 receipts B Div St.vLouls Div & Term gold 3s..—1951 .Gold 3%s——...— .—1951 57% ^ 41% J-D J-J 231/2'. 9 54% F-A 1950 80 4"**.), 7 110 i M-N — A extended ADeposit A 6s "= 31 96 109% 109% 110% receipts—— series s 'I,- 231/2 108% 108% M-N m-N 1942 1st 5s gold RR ADeposit A7 /, 30 96 M-N M-N ——_1950 receipts ADeposit • / *30%.7 32% ■\ I 101% 105 % 2 . : 57% J-J Omaha H ;%7 777'':7;'; ' 1969 4*, S A Cuba Northern Ry 1st 5'/2 s > , 107 105 % 108 16 31% 1. Litchfield Div 1st, gold 3s.—.—..1951 106'A 103 7 13 ——: ilnd 111 & Iowa, 1st gold mtge 3 'As——.— 1st Cairo Bridge gold 4s: M-N ,^^^.—1955., ——.1966 Louisville Diy & Term gold 3%s-.1953 104 Power Co— 1st Crane 31% J-J ';7,;/, ■ Consumers i —I960 w'/7,- A 103% 103% 103% 40-year 4%s 1,: 4 102% 104% 10 106% 107 J-J; J-J A-—-1956;' 8 104% 106%. 106% -1- u- ' ■ J-J 1955 — Consolidation Coal s f 5s— "J 1951 deb 4s..—1954 non-conv j 108% 111 < 102% 102% 104% A-O debentures 3'/2S Refunding 56— 108'A 110 ../■,,v/l i A-O ? 3'/as A .V: \ 1946 debentures 3'As 110% 110 % 'r<± ■ Consolidated Edison of New York— 3 %s 109%,::, *__ J-J Conn River Power s f 33/4S A——1961 i 119 1C5% 104 1077A 109% 113 41 4% 80 9 23 FINANCIAL CHRONICLE THE COMMERCIAL & Number 4139 157- Volume NEW YORK BOND RECORD Last Interest Low Low N*. High 1951 1952 1979 1963 Sag 3%s Lans & Jack <> 3Vis — Ref & impt 4 Vis series C Michigan G'onsol Gas 4s_— 1st gold 97% 56 56% 56'A 48 48 Low 1st A ref & 50-yr 5s series Sault Ste Marie 4s stamped-.*. 1938 tMinn St Paul & v ? 8 A 1st cons V J-J., r\ § Alst consol § A 1st stamped 5s gtd as to int__1938 1946 J-J ref 6s series & A 1st A 15% J-J J-JV A-0 .- 2% 7.' 148 32 .' 4% 1% 1% 67% :' *98'A 41%' , V. ? .1954 39% 33% 35'A 343/8 •6% % i , 36 19 •.. ; ; A 1st 42 20 / 21 156 I A A 1st ref 5s series F & .1943 of guarantee) of ACertificates ■ deposit ;• ref & A 1st of & ref gold 5s A 1st - . ' 36 A-O ~»- •' F-A Monongahela W Penn Pub Serv— 1st 5% ~7 38% A-0 —1965 Montana Power 1st & ref 3>4S.___1966 v. Montreal Tramways 5s ext 1951 Morris & Essex 1st gtd 3'/as...—2000 Constr M 5s series A ____1955 Constr M 4 Vis series B__._ 1955 Mountain States T & T 3'As 1963 Mutual Fuel Gas 1st gtd 5s__. 1947 — A-0 J-D W J-D M-N M-N J-D M-N 94% ,? 1st .87% 103 ... V 42% 4 l'A 42% 13 38 43 J-J 50% 48% 50% 83 44'A 54'A J-J 66% 65% 67 300 57% 70'A 55 53 55% 87 48 59% 53 54 66 48 59% 110 110 2 108 110% • . J-J J-J ' F-A j M-S , •; :' U 109% 111% *111% ' —• *101% J-J .1 J 82 ,89 35 :. 32% 42% / • ■ M-S '•* 37% 35% 31% 30 VA 31% ■ 7:^8 ■. ,/ 47 '/ //■ 160 .' 102% 105 ■ ; 4 106% 1093/4 /:. .'V— ....1961 J-J 1962 J-J J-D J-D N ..I960 Dairy Prod 3'As debs.. Distillers Prod 3Vis__ Nat Nat F-A J-D M-S 1978 series A Chatt & St L 4s Nash 1949 Af-S 1949 National Steel 1st mtge 3s_._____196t> tANaugatuck RR 1st gold 4s .1954 Newark Consol Gas cons 5s—...—.1948 {ANew England RR gtd 5s_ .1945 A Consol gtd 4s -1945 New England Tel & Tel 5s A 1952 1st gtd 4 Vi 9 series B 1961 N J Junction RR gtd 1st 4s ....1986 N J Pow & Light 1st. . 1960 New Orleans Great Nor 5s A 1983 N O & N E 1st ref & imp 4 Vis..—1952 New Orl Pub Ser 1st 5s series A..1952 3'As. sinking fund 1st gtd 4s Orleans Term J -J J-J J-D Af-N F-A A-0 5s series ACertificates 4'As A 1st V:- A 18 101'A 20 103% A-O —1956 r69 1-69 V 69% 117% 117% 117% 13 123'A 123'A ? .4.' fM 76 117% 120'A 82 85% I 5 40 • - 107% 105 72 2 — — 85 97 VA *94 95% — 84% 95 J-J 1st M "3 50 , ?44 52 23 • 5 d49% 57'A 37 J-J F-A A-O A-0 A-0 M-N J-J J-J 1945 Y Central RR 4s series A .1998 10-year 3%s sec s f1946 Ref & impt 4Vis series A—__—2013 Ref & impt 5s series C. 2013 Conv secured 3'As— i———1952 Y Cent & Hud River 3%s__-__.1997 3Vis registered—__ —.1997 N *47 49 r 53 -58'/a 37 •••■' 55 Vi N Lake Shore coll 151 ",:v / 5s .1949 MS 52% 51'A 52% 67 % 66% 67'A ctfs D J-D M-N F-A 1944 1952; trust ctfs 1963 533A •:■/ *47VA . 49 • , Gen 78% 57 48'A 13 i u • A-O J-3 F-A F-A *,•' A-0 F-A 49 % " N N 5Vis series A—. — N N N N N 4 Vis series B N Y -1973 1943 — L E & W Dk & Impt 5s A-0 M-S A-0 J-D 64'A 64 Vi 71 188 Peoria Peoria ANon-conv ANon-conv ANon-conv ANon-conv ADebenture AConv deb 99 Vi • 65% 86 86 ■ ■. 111 111 . 587/a 58 56 116 111 : ,. gold 4Vis 4%s series i' v59 Electric Phila - & {AN Y Ont & AGeneral N Y ■ ACertificates West' ref gold 4s____1992 M-S 4s_; 1st N Y Rys prior N Y Steam J-D 1993 gtd 4s__ A-0 M-N J-J J-J lien 6s stamp..—1958 Corp 1st 3%s 1 — For 1955 * cons El Lt & Pow 3Vis_____ 1965 footnotes see page 1963 ... * 24 * . N I ' of 95% A-0 91% 91% 207 l%s Petrol 19% 39% 37% Series 18% 37%.; Series E 3'As gtd 32% 313i 32 % 29 19 ,v.39% 32% 31% 32% .-'4.7 31'A 30 31'A 13 37% 35'A 37'A 270 23% 48% 47% 49 106 40% 6i Series ,56 3% 19% 19 165 36 90'A 6'A 105 . 40 6 ' 2% 41% - 1% 41 Vi 2'A, 42 - ■"■•13 22 Series Series 9% 73 . l'A 39 4 ; - 91 4% • ' 2% 105% 105% 1 104% 108 103 i i' 48%. 109% 111% 8 104%4 ' 67 72% 63 % 37 58 56 79 16 104% 105 102'A 102'A 107% D 4s guaranteed..' - J-J J 3 M-N F-A F-A M-N J-D A-0 J-J 1963 Pitts Va & Char Pitts & W Va 1st "4s gtd -___1943 1st 4%s series A. mtge 4'As series B 1st mtge 4'As series C__ 1st ; M-S J-D J-D M-N 1958 553/8 67% 55% 64%; 1043/4 108 101% 1C5% 115 120 108 115 90% 105%. 96 65 110% 111 12 109% 112% 102 % ,102% 3 99'A 102% 96 94% 37% 36% 37% 131 24 38 20 20% 120 20 21'A 8% 266 5 12'A 8VA *1043A 105'A A-0 A-0 , _ __ 102% 106 13A 4% 3'A 3% 57 2'A 104% 2% 10 1% 2% 104% 104% 27 97 VA 104% 105% 106% *105 107 110 111% 111% *111 1123% 118 121 118 121 VA — *119% — 104'A 104% 13 104% 109 104% 108'% *104% 105% 95% 112% 111 • *119'A 100% 112 — *110 111% 108 111 *106 Ve 100'A 100% 29 99 103 95% 7 95 104% 95 VA 97'A 100% *99'A 101% *98 96 99 VA 52 % 53% 53% 25 52'A 64%. 53 VA J-D 1959 .I960 76 110% M-N i957 guaranteed 4%s__1964 7 Va. 63% 102 VA J-D^ mtge 5s series A.. 47 107% 110 3 118 118 F-A 1960 4s cons ; 3% 20 1953 : guaranteed gold. G 4s guaranteed , H cons guaranteed 4s F 1945 37 *112% 112% — 1949 gold 92% *108% 103% — 195L 81% 1103/4 113% 106'A 1073/4 63 3 'A ..1970 Gen mtge 5s series B_____ 1975 Gen 4%sseries C___<__.—1977 Pitts Coke 81 Iron conv 4%s A....1952 Pitts Steel 1st mtge 4%s_________1950 1st mtge 4%s series B 1950 Gen 8% 1 106 Ve 106% is ■ . 110 Va: 110% 106'/a Seri -*37%: j 6% 118 5 71% 72 34 58 Pittsburgh Cine Chi & St Louis— 21 Vi -44% l 19 •• 21 44'A 'A *106% M-S ; Series I cons 4%s_ 49 33 J-J v, M-S J-D J-J 4 5 1 112 43% 44'A M-N J-J> debs.. 20% 89% 90 % 112 1962 ...1937, 1st s f 4s deposit y3Va 95% 100% 1949 54 8% 106 VA 111%. 94% 122 95'A 1003/a 89 8% deb 6s Philip Morris Ltd deb 3s__ 30 7% 19 88% 119 107% 108 108 J-J J-D • 31% M-N & Putnam N Y Queens 102 F-A Stamped 37 . 100% 105 86% M-S J-D M-N 1971 1973 {APhila & Read C & I ref 5s__ i. {§APhilippine Ry 103'/a, ref 3%s._: •;.->i 35% 1954 .... ... & 30 32'A 64 12 1961 1967 D coll tr 4'As..^ 1st 31 Vi 31% 32'A {AHarlem River & Port Chester— 4s 101% 102 88% 96% 1977. 1981 C 107% 111 88% *119% 122 42 95% 1974 series 107% 111 1 89 Vo 77 1980 1952 1943 B 1 108% 108% 107% 107% 43 F-A J-J J-J ' .1956 ref mtge 2%s_ AConv ? 54% ,64 100 — series 30 M-S M-S A-0 J-J M-N J-J J-J A-O M-N 107% 90% 1956 Philadelphia Co 119% ' 115 52 20 59, *101'A 96 10013 103% 101 100 U 87 5 23 • 1023A 108 VA. 96 Apr 1st-series A 5s 5s General -103% 104% 54% 55% 13 89% A-O gold 4%s series C General 106% 108% I 107% 109%!; 5 .. 23 99% 98% 104 95% 1960 series B 4s General 66%.- 71 7 1 116'A 116'A J-D —1947 ..1947 deb 3%S —1954 * deb 4s____—— 1955 deb 4s_ 1956 certificates 3Vis....1956 6s 1948 ...—.1940 ADebenture 4s_. _________._,.i957 A 1st & ref 4 Vis series of 1927...1967 1st ■ Ry 5Vis.___1974 Union Marquette 1st J-D F-A M-N M-N M-N J-J 1053A 106% 99 105% 100 101'A 102% 102'A % Apr 1990 ext 3'As deb Phila Bait & Wash 1st gold 4s. 100'A 60 4 •- 109'A 109% 2 101% 101% 106% 108% 100% 105%; 103 — *102 M-S Phelps Dodge conv 99% 101%« • 18 - 108'A 108 108 Vi 65'A 105 8 95% 1947 ; 1st >: 69'A *- 93 8 *..11 65% . 96'A 101 Vi 2 99% 100'A 100'A 100% 101'A A-O RR— deb -3 Vis § A Collateral trust 6s . 4s Pekin & Phillips {N Y New Haven & Hartford ANon-conv deb 4s__. 1981 ..1984 ; t 1952 4s Eastern & AIncome 83 58 78 62'A 100 Vi A-0 F-A A-O A-0 56 75'A t 1023A 104% — 100% 100% •103% • 77% 61% A-O A-0 J-J 1970 3%s__ 1st & St Louis— 1974 Ref 4Vis series C__ 1978 1st mtge 3Vis extended to_.___.1947 6s debentures 1950 Y Connecting RR 3 Vis A 1965 /. Y Dock 1st gold 4s 1951 Conv 5% notes —1947 Y Edison 3'As series D___ 1965 1st lien &r ref 3'As series E 1966 Y & Erie---See Erie RR , Y Gas El Lt H & Pow gold 5S...1948 Purchase money gold 4s_ —.1949 Y & Harlem gold 3'As ..2000 Y Lack & West 4s series. A 1973 Ref deb J-D J-D ....*..1968 i mtge 4'As series E Conv Pere New York Chicago 71 98% 101 40 117% 118'A *103% M-N M-N M-N 1965 A__„ B_. Peoples Gas L & C ref 5s 56'A —r, '/'■' 45% 44 series series gold 4%s General 4'As series D ji 49% '61% <; ./V 62 49 5s 79% t t. 63% 49 52% ... 4Vis General Debenture ■ .70 67 5 General ; 593A 49 . 54 48'A : ;.-: 49 - 75 70 48'A 53% •J_ 58% 14 58% *107'A 108% 100% J-D 1981 1969 ....1974 : Light 3%s_ debentures V - 54% i /'46 297 74'A 69 74% 42 483. . 100 93 ;.. tv :>V656 V;. 5 105 100'A 104'/a 29 *117% — Power & 4Vis 593/a i 433/4 • /// 22 47% F-A F-A 52 99% F-A F-A V.50% 46% 1998 1998 —.—1998 registered . V 99 % ___1998 gold 3Vis registered i Mich Cent coll gold 3Vis—_ 3 Vis 3Vis ■ 513A 67% 100% 101 57% Pennsylvania RR cons gold 4s_..__1943 Consol gold 4s 1948 4s sterl stpd dollar.. May 1 1948 Gen mtge 3%s series C 1970 Cons' sinking fund 4%s 1960 "■"'■WVK" 47% 67'/a 101 A-O 4%s series B_£ Penna > k 38 ,■ 99 V4 105 2 1033/4 M-S .... General gtd 4Vis 107% 109 3A 103 3A F-A Pennsylvania Glass Sand 3'As.'. 1960 Pa Ohio & Det 1st & ref 4%s A...1977 •: — *100 3 1033/4 1944 Secured 4s V .53'A % 1083A 108 3A *105 ' 40'A -50 'A 47'A 47'A n. 39 M-N 106'A 109% ,.1956 debentures deb Trans Gtd 4s series E 56 39 47'A d46'/a J-J V 3 Broadway Corp— Paterson & Passaic G & E cons '53 Vi 34% 4'38 107% 107% Pennsylvania Co— 57 37% 57 47% :*47 Bridge Co— 106 VA 10934 . J-D f gold 3s loan ctfs__*. .1955" s Parmelee .7 .45 .1966 • Newport & Cincinnati — A-O 1960 47% 34 54'A '..'A-0 103 % F-A* 953/4 v. ; 8 3'A . 36% 47% -r- 103% 99 *92'/a ,_1955 Paramount Pictures 4s ■105'A 107% i 2 d48»A v 99 5 .1966 & 111 1st s f Guaranteed 3%s trust F-A 4 10 102% 102% series C_ gold 4 Vis. - 72'A * mtge 3'As Paramount 75. 80 Ref 107'A 110'A t >9 40'A 40 — 109'A 103% 103% Pacific Tel & Tel 3'As" series B Paducah 77'A 6 22 79'A 40'A 50 109 1033 a J-D Panhandle East P L 3s B___,— •: > - 106% 106% 47% 109% J-D 1938 1 83 Vi 106% 107 . 111% J-D .1938; 74% I 5 6'A • 4 72 Vi 83 Vi 40'A 92 110% 113% 107% 47 ill'A 111 J-D «• ■t 72% . > : ■75 109 Vi 109'A 79% v'.61 111% 112 112 .1971 •120 % 124% i 77 *74% F-A ACertificates of deposit—... 1st 5Vis series A— 1954. ACertificates of deposit 56 70'A : 82% *91 , 117'A 119'A *68'% 107 107% 78% 101'A 1970 93 90 *117% . 109% 112% 104 14 99% 99% 99% 5 .1966 103'A 102% 104'A *91 72 Vi ." 99'A 101% *. V. 6. 103'A 103'A ;• 100 — — C-_ ..—1956 of deposit=#. series D— J-J J-J A-0 J-D JrJ A-0 ACertificates A 1st 6 103% 103 Vi J-D series B._ ..1954 of deposit.—— 5s -105% 106'A 103 Vi Af-N 1935 {§ AN O Tex & Mex n-c inc 5s ACertificates of deposit. A 1st A-O - 1955 ■/. 1953 ref 5s series B—— & 1st New debentures 108'A 112% — 25 .1961 103'A 106'A v 10614 101 tO 62% ,70 18 69'/a 68'A — 106% 107 111% 112% 108% 108% '111VA 116 105% 108'A '• 109 VA 109'A 1st mtge 4'As ser A 102'A 105% ' J-J 103 —'' - 100 11 *109'A 110'A J-J 110% 107 3 106'A 106% 106'A :■ ■ Otis Steel 107'A 110 2 100% 100 VA ■ t 107% 1101/4 15 *104% J-D Guaranteed stpd cons 5s_.j_____1946 Oregon-Wash RR & Nav 4s_ __ 106'A 108 3, 30 — 1964 36% 34% ■ *103% 105 M-N 1st 5s_..i__1945 • 107'A 1073A • ■ J-D F-A Transmission O 109% 109% J-J F 1st gtd 5s_____1943 Power N • —» 12% 4% 16 u "' 4*1.: •108VA - J-D ... ' 106'A 106% 106 'A M-N Oregon RR & Nav con gold 4s____1946 Ore Short Line 1st cons gold 5s___1946 43% i '46% •' 29 VA M-S 1946 37'A' 35 102% 102'A • . . 10% 10% J-J 1946 1 Ontario 106 . Elec 3%s Gas & debentures Ontario \ 5 87%, v 112 *. 3%S mtge Oklahoma 107% 1123/A j ■;, 22 4s— mtge 1st 98% 104 5 103'A 103% 45 % Q-A 1965 1967 1972 1966 1st mtge 4s Ohio Edison i 54 109 110'A 110'A 103% 73% 39 {§AOg & L Cham 1st gtd gold 4s_1948 Ohio Connecting Ry 1st 4s_.__.._.1943 ■ 5 66 60 O j 4s 111% 111%-' 111'A 78 2 41% 39%- 24 3A 42 /.'77v'; 27% 68 68% 38% r 21 80% 45 27% 393A 24% %013A 103'A , 73% 68% 1944 21% 92 43% 45 Av 96 __ 71% 73 VA 4138 (Minn) 1st & ref mtge 3%s____. .1964 (Wise) 1st mtge 3%s '— ' —1960 4Vis intge debentures 6s *91 M-N M-S F-A 1938 Moh'k & Malone 1st gtd gold 4s_i._1991 Monongahela Ry 3'As series B 1966 107 % 48 ;V :VA; — v;/ 1967 ;i" '•/ ';/ '7*7 t§AMissouri Pacific Ry— 3rd 7s extended at 4% —-July 114 99 States Power Co— Northern 39% 77;'; 1 106 *__ 2047 39% ! 34 344 VV 120 112 — Q-J .2047 25'A ' 36 Va 33 ; ? 2 l'A :V../' 83 'V. 36% V" £.-11 ' -- 106 ■ — Q-J 2047 383/4 ■: . *110'A •' Q-F 2047 11% ■' • " 1,057 — 35 Vi 39 39 % '7'*.". -7' ' 'V' ■' • 5% 33'A • '■'■■/: 128 ' 43/3 100% 1033/4 119 2047 : .23% 9 26 1997 39% 1% „• 100% 104'A 2047 21 VA 7 1,025 "■v '712 i.// 36% 33 VA ■ *5% M-N 1949 series H___*_1980 deposit * 1st & ref 5s series I— ^.1981 A Certificates of deposit..— A , 35 . of ACertificates 323/4. 36'A • gold 5Vis..——— AConv 35 --- M-N —1978 G deposit 5s series ACertificates 36% -Q — — * « 25% 11% 33 124% 128% 7 *115 A-0 ■* 23% 21% ; • '10 36 M-S i deposit.. of ACertificates 213 . U 1975 -.1977 4s 7:/ 36 7 *-.i- •; deposit-.— of Certificates AGeneral 35% F-A 1965 33 31 9 A-0 .1997 37 VA • . .7% ■183 V' ' .' 34VA f . 38% 23% mtge gold 5s 3s {Missouri Pacific RR Co— A 1st & ref 5s series A ' M-S .1945 guaranteed gold 5s (stamped can A 1st 44% 1 24 % < 74% 21% {Northern Ohio Ry— 96-'A 100 77:73 7. 69% 103% 103% " M-S ' 1974 2% ; 68% . 238 :r •18 19 • 8 48 124'A 125 104 104% 125 '• F-A 1974 30% 40% V 32'A 74% 30% 10 VA 17% cellation 40% 33'A * F-A 60% " 30'A F-A O-A V 167 . 101% 104 103 29 VA 72'A A-0 1949 17 . ,• ■ i- •* ■<.. , 41%; 7 .39 .7 : . < J-J 1996 3 VA '29 . 10% 108% 109% 109% 111% 72% 1998 t 9% ;-.'10 1 *110% 112% 2014 : ..... 9% ■ 27 ■ 93% 3% 161 Co— 17 Va I .9% • 8'A 103 153/4 110% 108 109% 109'A J-J M-5 A-0 M-N ■ 18% 75% 86 7% 38 93A 23 *109% 110% 8% High 29 14 10% *80 J-J . Low 10 15 10% 10% No. 31% 30'A Range Since January 1 Sold High ♦11% 1961 : v., Ry 4 VA % 7- 15% 66 3A RR 1st 5s__—1959 J-J, 1st 4s.,. 1999 J-D Missouri-Ka-nsas-Texas RR— .V/ ^ /; .-ylVVi .y'V Prior lien 5s series A .1962 J-J series B —1962 Prior lien 4 Vis series D,. 1978 A Cum adjust 5s series A—Jan 1967 16 15% 43/s Kansas & Texas 40-year 4s vi. 15% 15 ~I%< t A Missouri-Illinois Mo ••7. Norfolk Southern 9% /J'!.*" 15% 15% J-J 1978 ' series B_~ & ref 5 Vis 6% . ■ 1937 § A2d gold. 4%s 1937 §AG?neral gold 55____, ; ^.1940 ATerminal. Jst gold 5s ,.-.1943 N Y Telephone 3'As series B 1967 f § AN Y west is Bost 1st 4%S 1946 Niagara Fails Power 3Vis .*.1966 Niag Lack & Out Pow 1st 5s A...1955 Niagara Share (Md) deb 5Vis__—1950 J-J F-A F-A M-N Susq & W 1st ref 5s Bonds 37 l'A • ' MS —;——1949 5%s.__ 25-year A 1st 1938 — "31'A 46 3 , 15% J-J J -J 5s 45% 18 ;■ 9 .3 2'A *2 s 65 .V 9% ( 29 39%-- "-"'"17 9% -■ . ,68 "58% — . ■ 38—^63 10 • 67 37 —1949..*MS A_>-i962 Q-F gold ARef & ext 53 .; 27%" 27% M-S " J-J 1st gtd 4s__._i947 3Vis 1941 f A Minn & St Louis 5s ctfs. 1934 97% 104% 107 9 / 73% 93% 10 : 65 38% 38% J-D f§AMilw & State Line 1st ,'. 48 , *61 VA t AMilw Spar & N W 69 •J-.' 106% 106% 106% A-O J-D tSAMidland of N J 1st ext 5s_——1940 t§AMilw & Northern 1st ext 4%s__1939 AiSConsol ext 4Vis 1 1939 75 *96 M-S M-N J-J M-S .. Thursday's or Sale Price Bid & Asked Period' High AN Y Michigan Central— Last Interest Exchange Stock Week Ended Jan. 1 1 January Sold Sale Price Bid & Asked Period . New York Range Since Bonds Thursday's or Thursday Week's Range BONDS Thursday Week's Range BONDS New York Stock Exchange Week Ended Jan. I ' 53 % 17 53 64 VA 52% 54 64 52% 64% THE COMMERCIAL & FINANCIAL CHRONICLE Monday, January 4, 1943 NEW YORK BOND RECORD BONDS New 1 York Stock Thursday Week's Range Last or Thursday's Bonds Sale Price Bid & Asked Interest Exchange Sold Period Week Ended Jan. 1 Low Young & Ash 1st 4s ser A—1948 Pitts F-A J-D *101 No. Low *118 1977 High J-D 1962 1974 BONDS Range Since January 1 New York 5s series B— gen 1st gen 1st . 4%s series D Portland 5s series Gen C —, 1st Elec 4V2S El Potomac 1st —1960 1950 1966 —.1977 5s J-J 91% 93 119 Texas & Pacific Gen 78% Public Service El & Gas 3 V4s——1968 ref & 1st gold 5s 5s .2000 A-O C i_1979 A-O 67% 5 5s series 5s series D.___._____1980 107% 109 AAdj ...1964 Ry 1st ref 4s 1960 income 5s 12" 95 % J-J Tol & Ohio Cent ref & impt V'- *83 3 - Toronto 80 Ham Buff & ref mtge 3s ref mtge ref mtge 8s__ 3-3 .—2037 J-D 5s & of Nor 111 3%s——.1968 Public Service Purity Bakeries 1948 f deb 5s— s 3-3 1971 M-N 1945 A-O ______1959 F-A & Elec 1st gold 5s 90 158 67% 90 Gen & ref 4%s series A___—1997 3-3 78% 78 79 37 73% Gen & ref 4%s series B——.—1997 3-3 78 77 78 Vi 30 73 82 deb 3%s—■.—1956 3-3 102 Vi 102% 10 3s 82% i debentures..............^ Pacific RR— Union > \ 97% 103% ■ (Chic) 5s Calif 3s deb 1967 :;.4Vv («■'■ Purchase money Gen mtge 1st M conv 5Vis 1954 4Vis series C 101 M-N 1956 M-N t§ARio Grande June 1st gtd 5s_._1939 ARio Grande A 1st 1st 36 101% 101% 9 58% A-O 27 58 ' 98 ..-..1967 M-S 39 Gen mtge 3%s series I—..——.1967 M-S mtge 3Vis series J__ 1969 M-S 108 t§ AR I Ark & Louis 1st 4%S—1934 M-S JARut-Canadian 4s stpd 1949 3-3 1947 3-3 9% 33% i§ARutland RR 4Vis stamped > : 1944 i Corp— -;j" v , St Lawr & Adir 2d 14 2.10s .....—Nov A Iron 1st & Pub Serv 1st 99 ..... *52 A-0 ', 1 % •V 55% m-n mtge 5s • 76% ••• • ^ *76 ■ J-J « 50 77 43 44 M-S *90% J-J *73 75% }ASt L-San Fr pr lien 4s A ..1950 3-3 ..1950 3-3 28 92 ..1955 ACertificates lien of ACertificates ACons M 4%s 18% deposit.... series 5s of 18 Va 19 264 18% M-S 18% 13 19% 20% 207 19% 20 19% deposit series'A__„.___ —1978 ACertificates of deposit stpd 17% 20% : >. bond 4s 18% 19% 19% 18% 77% V 77 % 33 100 1 1949 M-N *101 101% 100 M-N *101 100 101% 1 1950 M-N *101 100 101 10O 101% A2d 4s inc bond ctfs —1989 AGen & ref 75 J-J 65% M-N *101 11952 M-N *101% 102 M-N Nov 11953 M-N ........May 11954 1 1&54 May 1 1955 M-N 45% 45 10% 27% 25% S & A J-D j Vandalia RR cons g 4s Cons s f 4s series B ' Va 12% 76 . Depot -3Vas B____ —1971 Pass 1st V & N E 1st Adjustment A 1st 6s cons of Shell series B Union 27 28% F-A 4% A-0 __1945 A 2%s M-S ____1933 3s Tel & debs 1935 F-A 1935 Southern Colo 3-3 1961 Southern Pacific Co— As (Cent 4$ Pac 1952 South ' Devel ' ••• ~4 9 99% 101 83 15 % 14% 1,126 14% 199 30 29 15% 15% 15% 13% 29% 15% 63 *15% 98% 98 1 -V: 4% '4' 5% 98% 24 103% J-D 72% M-S •' 109% J-J 80 73 89 94 65% 109 % 109% 82% 83% 76 105 Va 109% Apr • 160 83% 75 , 84 %; 43%, 45 73 33% 50 34.. : 44 34% Apr ' 34% 80 28% 39% . '-y 28%!. 24 26%: 26% 27% 3 —1976 F-A 26 26 26% 4- 24 27% —1978 A-O 25 25 25% 8 22% 26%> A-O 257/e 25Va. 5 22% 27% 4%s series C 95% 6 102 % 103% 15 "l v:'," 1st 73% 221 4 100% 103 % 99% 103 J j ' West K i f 105% 67% 4 53% 55 234 73% 50 ;s : "49% 58- 55% 413 57 46%- 56% 1955 1st 5s 52% 50 Vi 52% 575 46% 56% 93% 145 80% 93% 87% J-J 70 3-3 69 69 92% A-0 1956 A-O 19 82 A-0 92 ..1996 3-3 J-J 1964 3-D 1968 J-J ASpokane Internat 1st gold 4%s__2013 Stand Oil of Calif 2%s debs.. 1966 Apr 40% F-A J-D — 1961 _____1953 . 89% 142 72 206 60% -72% 27 78% 91% ' 92 69 83 96% 83% 83% 6 78% 84% 89 Vi 9 79% 91 4 40% 104% 107Vi 17 102% 102% 102% 105% 105% 105% 104 104% 33 Vi *110% 111% 110 ^85^- :f; 84% 85Va 97 84 94% 93% 95 12 93 \ ' ■;* ; m-s , C 91% 102 guaranteed— 2361 y- j-j 4s $ a Wisconsin Central 1st 4s— of 79 85 86v4 82 82% M-S 1 125 41% 16 ' J-J 104 4 100% 103 Va 103 .. — - 51 37% 129. 12 ' .* -1 35 9 34 108% 110% ' 111% 105 12 13 13 - 51 9 3 ■ ^• 55 • 14% *110 115 37 *107 . 95 106% 114 111 48 12 . 88% ~ 14 y8 14'/a f' a-0 110% 114 5 46Va j-j 4%s__.—1943 47% 37 *.. JAWor & Conn East 37% 89% *115 ; ■ ' •■■• TO8V4 13 ' • ? 2 100% 102"% 1 8 103 8 103% 105% j 101% 110 . Y Youngstown Sheet & Tube— 105% < Studebaker Corp conv deb 6s .t.1945 J-J Superior Oil 3Vis debs ..1956 M-N •103% 103% 2 1961 M-N 102% 102% 2 J-J 120 9 119 1944 F-A 105% 105% 1 1953 J-J 110% 110% 10 109 111 J-J 103% 103% 7 101 104 89 13 85 105 15 104% 106 Vi 19 104 ... 1948 18 101% 102 101% M-S 101 102 V, 101% 103% ;. 1951 Conv deb 4s 100% 103% ' Swift & Co 2%s debs ^ 101% 101% 102 15 . 1st mtge s f Coal Iron & RR gen 5s Terminal Assn St L 1st cons 5s Gen refund s f gold 4s Ref & impt mtge 3%s series B..1974 Texarkana & Ft Smith 5 Vis A. 1950 Texas Company 3s deb 1959 3s debentures 1965 Texas & NO com gold 5s 1943 F-A 89 87% 120 A-0 105 M-N 105% 105% j-j *10011 __ 122 105% 108% i ; 92% ( 106 % ' 09% 101% M-N ...I960 r» a Tenn 3%s series D Deferred delivery sale not included in 97% 98% 14 98 Va year's range, d Ex-interest, not included in the years e Odd-lot sale not range. rCash sale included in the year's range, n Under-the-rule sale not included in the year's range. , § Negotiability impaired by maturity. tThe price represented is the dollar pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484. tCompanies reported the Bankruptcy as being in bankruptcy, .. quotation per 200-, receivership, or reorganized under Section 77 of Act, or securities assumed by such companies. •Thursday's bid and asked price. A Bonds selling flat. 97% 100% /' the No sales transacted during 'V ;. 102Va 105 103 : 103 m-n 85% 104% 104% 88% 89 'a--—" —1968 Wisconsin Public Service 3 %s—„—1971 1st 43% 88 77% ! 100% 101% 37% 50 *109Va 110% ■' ,-v deposit— deposit Wisconsin Elec Power 3%s 81 54 40% 47% of 54 ; ; 41% • .—1949 5ASu & Du div & term 1st 4s.—1936 87 83 101% *101 *103% 104% J-J 1st — 25 41% v ; ...I960 ...... 84 J-D a-0 3% 38% 83% 43 —1947 deb 38% 20% — . m-s Conv 20% 54 ■' , j-j ...1954 103 36 Va 87 v-'i M-N ...2361 — 36% 34% 83% j-d ; 100% 104% 34% 36% . m-s .... *100 A- •' ' 41% , 112 36% M-N j-j ' 40% y;. m-s Pulp & Paper 3s ACertificates 109% 112% f 106% 4s ACertificates j *106 105% 110 ...1955 \ J 89 % 1st Winston-Salem S B i 88 91 40 107% 110 a-o Wheeling & Lake Erie RR 4s.__ ...1949 ; 93% f 69 118% 121% 108% 108% Wheeling Steel 1st 3%s series B ...1966,; »' 61% 88 92% 86%'i 105(4 119% 119% Wilson & Co 1st M 4s A ♦ 67% '<•111% 112 J-J 89 87 % 1 ► ...1951 70% ■;' 92 • 87% ..1956 gold 5s C— 'if J 87% West Va ! 92% 8.7% , *106% 109% ...1943 ser Registered I 93% 6%'s.i. 3%s B_ West Shore > 400 103 : a-0 25-year gold 5s„———1951 —I960 30-year 5s Westinghouse el & Mfg 2VaS —1951. | 46% 53% ' 1994 gold 4s [ 50% 69%- .. V j-j t.>v Western Union Teleg gold 4%s_.—1950 68%, 52 •' 89 J-J • f 40-:,;- -103 —1946 Pacific : a5s assented : 102 , A.—1946 N Y & Pa gen gold 4s_ a Western I 106% 108% 31 94%: 10314 . V 123 —1966 Maryland 1st 4s —...1952 1st & ref 5%s series A—....—1977 , 95 103 . m-S .—1967 Western ' v f 104% 106% 50% F-A 1st 5s e—...1963 mtge 3V2S series I 32 103 3-d j 103"% 108% ~4 30 83 3 13 103 * F-A ...1950 stpd gtd mtge.3%s__ 38 94% 103 F-A •' ■ 3-d Gen A-0 ..1956 !1 -1 Q-M West Penn Power 40% * r 94% 0 103 M-S —1948 Westchester Ltg 5s -f 123 123 A-O —«—L955- 6s debs— Washington Central Ry 1st 4s——1948 Washington Term 1st gtd 3%s„__ 1945 1st 40-yesvr guaranteed 4s i„1945 98% 29 1st mtge 4s '*-■ 3-3 1950 M-S. Warren RR 1st ref gtd gold 3%s._2000 M-N _.__1946 A... Standard Oil N J deb 3s 2% debenture 69 102 Va 104 90 72% V. M-S /' 97% 100 72 55% 53% 6s__._ series 89 90 A-O .—1971 5s series B_— ARef & gen Walworth Co ■15 ii 2 103% 103% 54% Jlf-S gen 3s 109% 111%; 80 104% ' Warner Bros Pict 15 If 3% 3 67% - gen ref — 111% #79 . 1958 4s series A.. ARef gen •' 33 39 *105% 105% M-N gold 5s Tel 97% 102 *108Va — *110 .1966 5s cons tAWabash Ry ref & gen 5%s A—.1975 14% 100 107% 107% 3-3 1977 ref gtd 4s__. 1st 91 " 15% 5% 15 4 105% 105% * & Bell *108 Va __ , 13% 102Vi 103 * & St Louis Div 93% 101% M-S mtge 4s inc series A 1981 AGen mtge inc 4%s ser B—___1991 14% •- 39 Div Southwestern 93 25 F-A AGen 5 100 A-0 1981 1st 1st 1st mtge ! 13% 1968 3%s... series 1955 gtd 5s_—_.__2003 ... 1st 4s_ cons 15 98% W } 13 ' 4s 98% 97% >- i 101% 104% 13% __._.1969 gen 97% 98 J-J "?■' 123% 125; 470 Mem & • 14% Devel 1st 912i ___ 14 3-3 Aug 1949 ; Ry 1st & 97% Va & Southwest 1st '-"v. :-l (Oregon Lines) A Pac RR 1st Devel ;1 . Southern A-0 F-A 12 27 A-0 " . 94% F-A . 28% 1947 A... Gold 4VaS__ ' 100% 103% 93% ' 6% 14 1949 Term *101% 102 93% M-S 17%" f 101% 103% ! 10% 3-3 ...1962 coll)... secured 100 Va 101% A-0 1968 7% 33 F-A Gold 4%s 10-year 2% -36 A-O .—1950 Gold 4%s ■San Fran "2 306 F-A registered 1st 4Vis 101 ) 4% ..1979 6s 100 % 101 Va *101 f 27 3-3 1941 - Power 76% 28% F-A —1954 Tel~3%s debentures 101 M-N ...1957 Virginian Ry 3%s series A 56% 4 14 Socony-Vacuum Oil 3s debs—1964 South & Nor Ala RR gtd 5s.—_.1963 Bell 26% 26 - M-S ctfs_. Skelly Oil 3s debentures 102 M-N Ya 1; ']: 38% . 15% 14% • deposit 6s 57 ' 31 63 " *121% 124 •••'• A-0 2%s sinking fund debentures t§ASilesian-Am Corp coll tr 7s Simmons Co debentures 4s ; South — A-0 certificates., Oil I 1950 A of n 103 Va 103% »- 1950 _ 1st gtd 4s tASeaboard All Fla ■ M-N deposit.—. series ACertificates t§AAtl & Birm A6s ~6% 17 102% 99 ——1959 §ARefUnding 4s___ Certificates M-S —1989 — 5s.—. 100 " 6% 16 : ..Oct 1949 §a4s gold stamped— a 10 131 series A Elec & Pwr 3%s series B Wabash RR Co— a J-J 102 103 101 VB 102 * ARef & gen 5s series D—1980 gtd 4s_ JSeaboard Air Line Ry— § A 1st gold 4s unstamped a 16% A-0 gtd gold 4s_^ —1943 Schenley Distillers 4s s f deb..__ —1952 Scioto ~6% f-A 100 100 Iron Coal & Coke 1st gold 5s__1949 Virginia Pub Serv 1st mtge 3%S—1972 86 .34 101% 101% 101% M-N 1 21% 24% ■ Union Ar —1941 Nov ... 25% *81 J-J Paul E Gr Trk 1st 4%s_i_ —1947 . 101% {. /I; 23% 22% * 27% gold 4S.1968 — 22% 11% 39 46 3-3 cons .... 11 11% 161 f 66 J-J 1st 100% 100 % 11953 May 11952 11% 22 85 % —1952 f §ASt P & K C Sh L gtd 4V2S Paul 84% ..Nov 1989 St Paul & Duluth fASt ! 85'/a gold 5s series A__ —1990 SAlst term & unifying 5s St M-N *99% 46 95% 55 623 19% ' l . certificates 100% 100% 102% United Stockyards 4%s w w_._____1951 Utah Lt & Trac 1st & ref 5s. ..1944 Utah Power & Light 1st 5s—i._—1944 JSt Louis-Southwestern Ry— A 1st *99% *101 Nov 2.65s 67% 105 M-N -.-....May ... 2.60s. 60 , 79 ;;z V--: 20 B.__ 2.55s 107% 69 Vi 80 44 ' ..1959 APrior . 96 1 . M-N *40 1 & P 5s stpd St L Rocky Mt 106 69 90% 100 104 .. M-N Nov ... 2.45s •>.' 91% 100% "l 106% 106% 3-3 —1996 §Riv & G Div 1st gold 4s-__- ..1933 ACertificates of deposit L *98% ' .; - *103% May 11950 .1... 2.35s Southern— *ASt L Peor & N W 1st gtd 5s_. -.1948 St A-0 3-3 gold 5s__... ..1996 ... Mtn < ...1947 86 11943 Nov — 2.20s 5%. 10% ' gold 6s— St Louis 1st 4s 18 99% May 11949 ... . 2.50s Island 94": • —May 11943 1.125s •'2.05s 9 Vi 103% 107 93 99% M-S 99 99' 102% 106 ; 93% 99% ■ 95% 95% 5 22 *106 Va —: A-0 107Va 111 21 •' Steel 2.15s 4% , 101 debentures 1.00s 10% : 22% 11% 96 22 97% 105 Vi 106 ' 106% 108% 17 10% States Serial 109% 82 9 RR & Canal gen 4s_._ United f 6 99 % 103 5 97 96 Va 106 . U N J • Jos & Grand 111% 5 12 96% M-S ' St 106% 108 7% 107 Va 108 ; 97% 3-D (Del) 5s______._._l353 ■1'( '2.40s Saguenay Pwr Ltd 1st M 4%s__....1966 92%: 105/ 100% 100%. A-0 { 1 22% 108 A-O M-N United Drug Co 109% 110 108 100% 3-3 " J1970 j 64 12 7% .1941 39 109 20% 111 7% United Biscuit 3 %s debs__._._..._1955 United Cigar-Whelan Stores 5s_.__1952 129% 21% 90% 81% , 102 % 102% 1 55 *110 Gen | 63 171 *110 3%s series H j 101% 58% M-S 106 *110 P. J-J 35-year 3Vis deb ....... 1971 Ref mtge 3%s series A__i_..__.1980 " 100% 104% ..i 27% 26 1977 Gen ,mtge 100% 104% 100% 106 % *60% 3-3 A_—.1949 Roch Gas & El 4 Vis series D_ 33 *100% 102 J-D gold 4s„1939 coll trust 4s & cons West 101% 104% 105 M-N Revere Copper & Brass 3Vis—.I960 80% 99% 101% ^ 1st & land grant 4s—; 34-year 3%s deb ___. 101% 2 12 U 105 Union Oil of F- A 22% .. 106 108% 111 Vi 103 88 Republic Steel Corp 4%s series B..1961 87 90% *116 3-3 90 Rand 12 98% 101 % 90% . M-S 1953 A-0 Remington 233 — 221% R Reading Co Jersey Cent coll 4s_—1951 21% .22% 1949 Tri-Cont Corp 5s conv deb A__ 216 104% 104% 104% 43 *100% 101 Trenton Gas 110% 110% __ 102% 104% 47% 63 143 % 144% *105% 106 A-0 69 63 86% 105% 106% 225 69% 58% *100 . J-D 108Vi 111 105% 105% *215 . 57% 30 J-D t§ AUnion Elec Ry M-N —1972 2037 & ... A-O Union Electric Co of Mo 3%s__ 1st & 1st 1st 64 68 " 3%s__1960 1st 4s,—_—195Q 1st gold 4s._1946 Tol St.Louis, & West 8% V 80 *109V4 , .. 70% 68% 61% 21% J-J 58 V4 *102% 106 . , 44 66% • 63 A-O 1943 High 98 Va 102% 68% 96~" 86% v-V'.-T'- ■■>5%"1 7%' .. J-J Jan 1960 §AThird Ave RR 1st 5s ext... 95 M-S Low 11 67% 68 J-D V ref No. 101% 101% 68 % ref Range Since January 1 Sold High 66% 1977 & Third Ave 101% 3-D B & Bonds Thursday's or Sale Price Bid & Asked series Tex Pac Mo Pac Ter 5%s A 93 105% 107% 108% 108% 95% Last 1 Period Gen 106 Vi M-S 4s__—_—1956 Terminal 120 — M-N t A Providence Securities 4s__——1957 f A Providence 108 118 *106 Interest , Low F-A mortgage 3 Vis— Pressed Steel Car deb 91% J-J 3'As.. M : Gen J-J — 1st Pwr 107 M-S ——1951 1st 5s extended to Thursday Week's Range Exchange High J-D 1st Stock Week Ended Jan. 1 . , current weekv ... 25 FINANCIAL CHRONICLE THE COMMERCIAL & Number 4139 1.57 Volume NEW YORK CURB EXCHANGE in extensive list we furnish following the In the week in Saturday Dec daily reports • . York Last Exchange Curb Sale Price Week Ended Jan. 1 Wire Acme Air Associates Inc Aircraft "5 —1 (N J)„. Accessories Air Investors Alabama $7 preferred- preferred—... SB Jan 6% 5 Dec 8% Feb 1% 200 1% Jan 2 200 • "1%, 1% 1% 83 Mar ■ 107 Feb 1 93 50 79 Sep 97 .Jan « 2% 100 ~3% - ,* 3%, 3% • % Allied Intl Investing $3 coirv pfd. Allied Products Class A 241/2 ..—10 Goods Aluminum 103 106% 105% 106 % 13'/2 13% Industries common....— Ltd Aluminium Mfg..—..—...• common .1. American Board Box : —._10c B— American Oil American May 4% /;50 90% .100 12% Cities American Class •' A American B 14'/2 I414 A warrants..— Fork & Hoe common——*/ Gas & Electric—. i_10 preferred——— .100. : American General Corp common—10c $2 convertible preferred———1J, Laundry Light & Trac common.—25 20 Mach preferred—— 6% American Mfg Preferred Potash American Seal-Kap * Thread American Writing Anchor 5% preferred Arkansas Power , Aro Equipment A Oil Associated Electric American 7% Mar 21 .50 26% July ; 26% Nov 18% Mar Jan A Jan 85 ■< A Xl8; Aug 175 39- May 4% 800 ;■ Feb 6% 2% % > t; A Jan 33% 2,800 1% . %: 200 100 97% .95% 97 % Line Coast Rayon ; : Atlas Corp Atlas Automatic 91% 160 Apr ' 103 y8 Jan jj Sep r 1% Apr 9 90 class ■' / I ; ; ' Barium Barlow $1.20 Co Stainless & 3% 3% 3% A .R, Iff Beau Beaunit , . Iff . ' a'a NOV 5% : Bell Tel Benson of & Jan Convertible .'1 414 '! 3 Jan - Sep Feb Bickfords Inc $2.50 July 35% Oct 4% » NOV/ •% Mar 5 1% 7 ' 19% 3 Jan Blue $3 Ridge Corp 20% For footnotes Ohio page .29-, Products————1 1% pfd 100 Steel & Light West Utilities——50c Cherry-Burrell common— 5 Chesebrough Mfg — -25 Chicago Flexible Shaft Co——5 Chicago Rivet & Mach——————4 Consolidated: Mining f $6 60c * preferred— preferred B.. preferred BB Dec Cities 5% Sep preferred City Auto Stamping — City & Suburban Homes— Nov ,v $6 28% Jan Controller Claude Neon Jan 103% Jan . Mar 8 %- Dec 7 ■■■;« Dee 4% ; Electric 1% 3/4 Dec 7% Jan Jan 4% Feb Coal 8% Feb Apr 22% Sep 6% May 1% Jun 11% Oct Colt's Patent Fire preferred.100 Columbia Oil & Gas__ 1 Commonwealth & Southern warrantsCommunity Public Service ; 25 Jun Community Dec Compo Shoe Machinery— V t c extended to 1946— 5% 9% 15- Dec 5,000 2% 275. Apr 9% Dec % 39 550 Mar & Coke Secur common Jan Conn Gas Sep Conn 8 Jan Consolidated 5 Jan Consol G E L P Bait Jan series B preferred 4% preferred series C Consolidated Gas Utilities— Nov 40 % Dec Apr 40 50 40 Apr Apr 12% 11%, 12% 150 3% Jun 6, 1,000 July 11 Nov : 6 :: % Apr 4% Nov Telephone & Electric 4%% Biscuit Corp. Co— Jan Feb 3% Dec 55 Feb] 4% Dec 52, Jan 82% Jan 82% 4% Jan Jan 6% Mar 15 Mar % Feb 850 5% 6% 3,000 4% Sep 6% Ap r 6% 7 300 3% Jan 7% Dec 1% 1% 1% 100 1% Dec 21 Sep % Mar 3% Jan Mar;' 5 35 Jan 4% Aug 6% May .. 7% Apt % Mar 2% Nov' Mar 4% Dec May 2Va Jail Jan 46% 50 1,350 46 %. Dec 22 24 72% 24% 1,050 15% Sep % Apr 34 % U Va 8,300 1/64 1/128 1/64 39,900 14% 14% % 14% A 1/256 Mar 13 Mar 600 1,350 7% 1,700 7 1 "2% 2% 2/8 6,200 1 39a 2% _1 57% 2% 1,200 55% 57% 2,777 110% 111 103 2% 230 101%' 103 150 2 2% 1,000 Jan: 1% A 18 Jan Nov; Jan Apr Jan- Oct A 7% 1 14 Jan 5,900 7% 100 100 i\ % 28 1 • common Dec : 30% •A 9% Mar . 39 1 Va A 27 20 4% 4% 1 Water Service 10 16% 77 77 . 77 .100 Columbia Gas & Elec 5% Mar 6,700 2% 28% Sept 25 Arms 37 1,000 100 Sep Apr i. 1 34 3% 1,150 . 27 6,050 117 10% 4% 4% 6% Dec Jan! Jan 65% Apr 2Va May 1% Jun % Jan 12,400 T Aug Nov 4% : A 53% 51 51 9%, 3% 1/8 Mar 4% NOV 8%. 3% Dec,; 83 A Mar warrants——a— 30 3% 600 700 - 2 34 5% A 47 2,600 101 ___* ;/x4% Feb 1,600 40 com"!• 150 1% 30 Dec 100 5% 4%. 112% 113/4 % 65% - Apr 4%: 10% ,;70% Apr 1% 2,500 8% Aug 200 A Jan .. 4 - 6% May 4% 3% 37% 79% Co 3% 350 2% Mar "9% A 5% Jan % 13 ' 350 • 29 Utensil Co. 3% 6,000 .5% Jan 107 7% Dec - Dec 8 ■■ 1% Plow 2,900 A 400 Dec 87% 85% May '% Dec V. 4% Aluminum Cockshutt 8% 10 5,900 111 , Jan 65 65 6% — 7% 37 7%, 7% ,'A 7 2,300 —4 Corp Colorado Fuel & Iron 21 100 7% Oct Apr .72 % May —• common...——;.* Cohn & Rosenberger Inc— —• Colon Development ordinary. Colonial Airlines ———1 Club Dec . ,:/•%/.: :io NOV 9% Dec 6 . 77 Illuminating— % Aug 3% A :v;.;8Ar/ a / 250 78% ...1 Inc 6% May 100 5% 1,000 . Dec Jan j Jan i. 3% 2% May , Dec 14 Dec "i% * Mfg— 2,200 2,100 2,300 7% 4% Jan .13% Jan.- HI*' Co——.———.. ...1 Lights 8% 38% 100 3%v,4; $7 preferred.. Service P & L $6 150 4 'II* I—* i—.——.x 37% 3 7% 3% Clinchfield 25 n 5% 111% Apr 4% Feb .4,100 87% 8 8 "% 9% Cleveland Tractor common; * ■■ .10 Oct 22% 38% Jani Apr 90 .100 Jan 22% lO^'a 8% ; 85 87 ...1 ... -"16% 2% . 500 % 9% Apn 6% Apr1 99 6 preferred., Jan 7% "■ 20; 42 35% May 14 Cities Service common..—... 4% 300! 7% % 8 5%' Childs Co x4% U 9% 9% 8% Oct / 33% 1 • Feb; 90 6/a Feb 900 36 30 2% Jun 4% 37 105% NOV! % 12 5%. Oct 6% 27% Dec 9,500 2% 4% 100 2% Cleveland 29% 3% 9% Oct 134% -May 8% Jan 6% £ Apr 17% Dec • see Apr A Mar 125 2% H 4 4,500 3% • Mar 5,500 105., A'rcraft Co.——— Clark 18% 2% common...;.—II—1 2 xl9V4 May of America— ...1 & Elec com——* 7% preferred.100 New York Power 5% pfd—100 Jan 19 'h 100 28% 1 1% July Jan 10 I'ff Corp May 13 175 280 4% ___1 optional convertible preferred Dec Apr 1% 1%. ;1,100 9%. Chief Dec 29% • common 3% 121 Jan Feb * (E W) 2% iff Dec v 414 16. 5 >• 12% May • ; 700 % NOV" / Aug 3% 37% 5 100 common Dec 3% 18 * 10 1 preferred 1% 1% • —1 1' 1 Birdsboro Steel Fdy & Mach Co Blauner's common Bliss * 4 Va 2% )VIay 20 Berkey & Gay Furniture IZb- Dec % Mar 1 Chamberlin Metal Weather Strip Co._5 Charis Corp common ———10 Nov 2% May 10 preferred 100 Hudson Gas Power 400 15% 1 — A July 1% 3% preferred—* & Co & South 3,000 3% , common. Jan 38%- 38% (A M) Central 109% 1 Jan 22; • 900 371/2 * -1 Canada Hedges % Aug Sep A - ' common.. Central % , Mar 700 2% 2% ..5 Aircraft Corp Bellanca Aircraft common tl Dec , 1% common: Dec 67 y2 Oct 3 7,100 16% 4% 3'4 Co % Feb - % Mar 200 5% 1 -1 Beech 300 — (J W) Co common. Products— Central ' 2% $1.50 convertible preferred ■A:v.% Jan Central Maine Power Jan 13 2% Mar .t; V 200 -1 common 200 A — Castle Central "Ludwig" Mills Inc Dec Dec % Aug A ^ • — A — Corp Carrier Catalin 300 4% ■ class Co & Clayton & Lambert Brummell Ties Inc.. Jan % 300 % 3/a 1 preferred $6 Dec * 2% .1 Refractories Inc Baumann—See V8 20% % —* voting non City Products: Capital Nov " Basic x"% 2% Aug 4% Nov 15% 2% com—10 common 12 8 % Mar 11% Aug 2% Mar 6 2,300 '/,// 29 51/4' 514 1 Steel 91% Jan 61% Sep 1,300 Zx,/ preferred———.—.———100 Carter ' Seelig' Mfg— convertible 9% 9% 2.50 Deo 9% 106 common Jan 3% Nov Jan 60 19% for 1,600 76 Oct 15% 5% Aug 22% Jun . — common. 9,100 J Apr Jan Jan .30 Rubber 11 84 10 Oct '■ 4% 42 Jan 3"% ; —..5 preferred Dec 2 % 4% B 1% 35% —.———• voting—. Casco Nov Baldwin Locomotive— Purchase. warants 200 15% 6% 300 5% 5% y. Babcock & Wilcox Co . Apr 38 25 A 900 • Baldwin 10% Oct 14% Jan 4% 11150 participating preferred— Industrial Alcohol— 1,000 400 . • A 11% Dec ; 11% July £1 Collieries.. 37% 100 . Oct Class B %• Nov 4% _• Tobacco 13% % Sep % Jan 6,100 Jun Carman 1% Nov Apr 5% Voting. Machine—..—.* Ayrshire. Patoka 13% Oct 80 May ; Carolina Power & Light $7 % "91/4 Avery (B F) & Sons common —1.5 6% preferred....—_—.25 Axton-Fisher 5 Aug 6% Jun 19 Jan 6V4 4% Products———— 1% ■ 300 5% 5% 12% 77% Dec - 300 9Vi Plywood Corp Automatic Jan 7% Jan 6%% 1% 18,500 ■5% ... Nov 2 1/4 Feb Assn Insurance 9 ...5,100 4% 4% — Dec 1% Jun Central Forge common • Carnation 75% Aug 28% warrants : Apr '!'■ 11/4 8% .50 Drop 11% 100 \X. 12 .% — 2% Nov 1% i/i// Corp———-.1 Atlas Jun 6% 77% 7% *3% NOV / 27/e Jan J. • ■}'$ Jan f; 7% July . • — Dec 1.000 1% 1% ""% Canadian Marconi 2% NOV ' . Jun 1% < Co pfd—100 Co. Dec 13 5 pfd—100 Canadian Car & Foundry Ltd— Class B Dec 8% 1 1 : i vb Atlanta Gas Light 6% preferred—..100 Coast Fisheries 1 Atlantic 14% Oct 100 11% : mil certificates trust Fire Class Jan 61/8 r Apr Jan : 2 200 8% 1% 8 Atlantic Atlantic Mar Feb Jan Oct 1 Apr 1% . 3,800 2% 2%* / 5% Tel & Tel class A. Birm & Coast RR "5% 50o 50c ' Am dep rets 5% % pfd.—...—— £ 1 Caiamba Sugar Estate ....—....20 California Electric Power 10 Callite Tungsten Corp 1 Cessna Atlanta 31% 1 Wireless & 7 % Jan 2% Apr 2% 2 "2% "2%.' Associated Laundries of America... —* Associated Jun Canadian 61% Mar r 1% Mar - . 800 61 Ye 59 5 ... 1% —1 —.25 — Sullivan & Canada Cement Co Ltd Industries-^- dep rects reg 14%. Jan % Mar U% —£1 preferred Burma Corp Am dep rets.— Burry Biscuit Corp —12 %o Camden Dec 27% Jun 500 4,000 ..1 —. Nov $3 Inc Voting 13% Nov • Apr 4 100 , 6 __.__._1 „ Refining Co. Breweries of Canada— Associated 18% Mar i 2% 2% • 10 & Light $7 preferred.* Corp.. & - 11 x30% 83 preferred... preferred Hill Cable Apr 6,200 20 55% Cable Electric Products common *- Jan 2,600 47 • . 5% "2% non-voting— Art Metal Works common.. Ashland 18 . — • Nov 22 ■ Oct 11% •••• Jun 8 43% 40 200 42% 500 10 43% « t\ 3/2 Nov Apr :• 34,200 • 100 pfd Jan -104 300 : Jan % Canadian Industries Ltd— Arkansas Natural Gas common.—• class » 2'4': 591/2 —2 Appalachian. Elec Pwr 4%% preferred 11 5% —5 * Paper common Apex-Elec Mfg Co common 6% ; 200 2% Angostura-Wupperman ———....1 Common Dec ... 3% % July - —* .* — Fence——j.— Post • common..* $6 American 33 24% > 18% 46 .—2# preferred— $6 series prefer red.. 1st 27 % May A 20 ..—_——10 common Superpower Corp American 100 79% Co.._—1 * .* Republics. American 31 25% 24 % Chemical———.*. & 24% May 33 25% 24% American Meter Co..— American 125 Apr 82 % Mar 100 ...—— Maracaibo American 1% May 20% 121/4; 13—. 25 ... common—..100 Co 1,900 i 29.;, Apr 1% Jun 20% Jan X 1,050 20% 13 ,13% 13,400 : 60 Jan 900 ■ Nov 31/8 12%' 13% 20% American American , 12% 19% 33 12% Jan 10% Apr 1st Burco July 94%. 2% 28 Hard Rubber Co—....—25 A $5 ... Line Pipe Bunker A /• 41% Jan/. ;'/// % Dec / 28% May 300 Dec % Nov 36 July 7,400 .92 3. ...1 convertible preferred ; $2.50 / % /■: 12% 18%' 19'4 93% •v.- A .12' Jan Dec 2% Feb Niagara & East Power— $1.60 Dec 17/4 .4.V.; A Sep / 8,700 - '12 4% % 39% 8% 22 May 1% Jan —£1 Co common——.. (E L) Buckeye Feb 17% Apr 38% 39%: Dec 10% Nov '.400 • 11V4 Bruck Silk Mills Ltd 6% Apr 4 7,800 35 American American 4% 15% % /American /, Bruce Oct 1 Jan 650 15% 14'4 Cyanamid class A —10 non-voting.——;_L ....10- American Foreign Power 4% 450 151/2, 25 Oct 12 Jan 52 IIIIl ——— Dec Buffalo —25 A—; —— Dec 19 1,200 - % %' 12 Rubber Co common 80% 1 , common— preferred 13% Jan 1 i Class B Class 300 6'4 6% 6'4 1% Jun 46 Dec A 7 Vz Jan 65'% $6 reg preferred..—. A Brown A July 50 1 class Convertible ' Light— & Power 3 50 22 „10s Forman Distillers— Brown %- Nov Feb dep rets ord /; Class 4/ 5 Vb Nov reg—..... Fence & Wire Brown Dec / 24 % May :V Jan ; % -' ,400 78 % Sep 3% 500 131/4 78 13 »4 preferred..————J——* prior preferred... I—• American Central- Mfg.L———1. $5.50 17,900 3% % May Celanese Ltd— Amer Nov 104 Jan ord rets dep British 89% Dec A Apr w. Am Sep 7 : dep rects ord bearer...... Am Dec .; 13% ; Apr Sep 300 $3 7 Sep Tobacco— 65% :v- A 4% 1,600 —III_* -Z* Co.—.— A.. British American Capital class A common..10c, class 3,700 3,700 "2% ~2% —... British • Common common Jan 50 IVs "4% • Class Co Dec 19 common..._1 Co Mfg ■ 1% ~2% ——II* :—III 1-100 107% 12 200 lV *■ iff Brillo ' •' 3 Dec Mar A Sep 3% Nov A May 1 % May >%: Dec ' 7% 5% May 800 7%- Dec 34 -—100 —— preferred 7% . Dec 900 11% 22 ——.. B 114% Co.——.—...—100 Book American X - Dec A 3% ~1% — class Corp Class 24% Dec ; ;..r * Apr 78% • 1,100 103 103 100 preferred 6% American Beverage common May common—.— Aeronautical—.—.. 22 100 . 7% Bridgeport Machine—— Preferred Brill ' Dec 26 , . i . 11% 7% Corp 47 %. % 11% 1 99% May 800 5% •: 514. 20 v! 1,350 86%: 87% 4 87% _• ; 106%v'': 103 ——.——100 Aluminum 25 24% 24% Co common—.:——• preferred 6% ___—_. common—.—.— .—25 conv Aluminum ; (Mich)— Sep . Dec 1% Jan 17 250 25V2 24 3% •V—...— Traction Lgt & Pwr— III—* ... May 2% 2 —100 33 200 6 A ....—.... 3% 30 23%. 6 Bridgeport Gas Light Co 3% May / Jan % May 500 : r 23% 6% 1% Mar 100 47 common preferred: Brewster Dec Sep 91 93 1% Aug . 70% ZZlr Investment Breeze 89 - 1st preferred Brazilian 40 200 w.'v .25 22 High Sep 4 400 3%. 3% 47 ... Low>' 5®, 8 —;—-..100 ... Range Since January 1 High 5 • Inc 2d $5 v A Jan Low 5%. Scrymser Co.. 7% 102 70%. 71% 102 """• 1,000 ' Dec 28 1/64 Nov % May Shares & Co.. Bowman-Biltmore Oct 2 July 19% 100 5 1/64 V , . for Week Co common (H C) Bourjois 2»4 Sep 12 May 200 > 28 Borne / (S) 1st preferred. 7 % Dec 3% 1/64 — Fisher Inc common--— Alles & 4 {28 .—.50 Southern—.— Great Power Co Alliance 100 ——. Electric Appliance——"1—3 Air-Way 2,000 600- 1% preferred—....—10 Alabama 4% Jun ! 51/4 1% „ common—— .—2 Convertible Warrants '■ Oct 4% 4% , ...50c Corp.— Dec 5% 5'4 —^5 Mfg common—— Bohack 21% 414 4% 1 Ainsworth Blumenthal Mar 20 Range of Prices Par Feb 22% Dec 16 150 1614 % ;, J 16 1 Supply Mfg class A——.— Aero 1614 10 Co common Last High Low Sales Week's Thursday Sale Price Exchange Curb Week Ended Jan. 1 Range Since January 1 Share* High Low Par STOCKS New York for Week Range of Prices f ■ Sales Week's Thursday STOCKS New ' ■ ■ . . beginning on entirely from the occurred during complete record of the transactions on the New York Curb Exchange for the week a present Thursday, Dec. 31, Friday being New Year's day and a holiday on the Exchange. It is compiled of the Curb Exchange itself, and is intended to include every security, whether stock or bond, in which any dealings have 26 -and ending the the current year. v week, and when selling outside the regular weekly range are shown disregarded in the week's range unless they are the only transactions of the which they occur. No account is taken of such sales in computing the range for the year. deferred delivery sales are and in footnote a RECORD YEARLY AND WEEKLY NOTICE—Cash Jun % Sep Jan 3% Dec 2% Oct 575 a Dec THE COMMERCIAL & FINANCIAL CHRONICLE 26 Monday, January A, 1943 NEW YORK CURB EXCHANGE Last Week Ended Jan.'l Range Shares Low 8 % 30% Mining' & Smelt Ltd—5 1 Range Since January 1 Low High 30% 25% 225 31 Consolidated Steel Oil— Royalty Consolidated 1% 10 57/B • Corp— • 6 3% .1,500 ,;' General Outdoor Public July General Rayon Jan General 7M4 Oct $6 75 —100 prior preferred ; Continental RollMfc Steel— stock.. A 60 9% 1 120 77 914 9% 60 > Apr 88 Jan 1,400 7% Jan 12%. Apr 7% Jan 10 Ma 6 Mi Jun Water Gas $3 & Electric common. preferred ..... Low 60 Ma 160 55 30 710 20 : ""%' IMt 5 51 Mi 10-3 Ma 96 Ma Cook Paint & Varnish Co Cooper-Bessemer —5c Corroon & ReynMds——1 j $6 preferred A\ • preferred tV Jan % 500 % 1 3% .3% 30 30 Mi 98 98 1,200 21 Dec $5 Ma 1 79 ) 79 79 IS 10 ft % 13% 67% May- 3,200 13 Me (AC) Preferred Gilchrist Jan Jan 700 14 84 Sep Dec 1% Dec 12 ■v 16 % I6M4 Mar 2 16% 10% • 10% ' 11% Apr 7,100 4Mb ? 25 Glen Alden Class 86 July Cork 02 Jan 6,900 1 ■: Jan,.,. Crown Drug Co " convertible 1%' 2% 105/a Dec Gorham Inc Nov $3 "n"3A 25c preferred... Crystal Oil Refining common $6 preferred... Dec 1% 10 3 Ma Nov Jan 7 Mi Dec Gray Apr 1 Sep Great Jan 21 Jan 18 V* Mar • Cuban Atlantic Sugar Tobacco common— 4 5 Cuban • Lighting Curtis Mfg Co 10% 10 11% 1% 7,900 1% 200 Mtg Inc Dec IMa Class Dejay 5 • . 5 Mfg class A Nov 6 Ma Feb 2 6% Gasket 9% 600 12 200 12 " - 1% ~3M4 1% 50 45 "l 1% Mfg..: without warrants May Feb 7Mf Greater Jan Great Greenfield Tap 1st York Detroit Gray Iron Detroit Mich jBtove Co Steel Products Detroit De Vilbiss Diamond Co "1% 1% "i% 6M4 Jan 13 25 3% 105 300 Co Draper Driver Harris Durham Duval States : 100 Jtpn Oct. [ '< 1,900 ^ 16 j,?' 3,100" Oct % la , ;X3ov-:v ocf; VA Jan Apr 3% 3% 500 3% Aug 4% 3 3% 1,600 2 May 4 1,050 58 Apr 83 25 124 "V 1 ' ; 3 Me 66 Ma M:-. 150 23 Jan 28 19 Ma Aug 29 t Mar 250 . 69 65 100 Brewery 129 129 ll« 25% & Die..: * 5% 5M4 common—25c -1% Jan Feb 5,100 il« Nov j. Oct. 24% Jan 134 M2 Nov A Jan Jan 1.025 iV 27 Dec 5% 900 5 Ma 35%- Jan 7 Ma Mar Jun Dec 57 56% 57% 220 61 61: 23 23 50 ;r64 125 52 1% ' U "1% 7% 200 Hecla Nov Helena / 5% Plcher Gas 4M2% 6% & Lead Fuel —10 Assoc • common "lOO prior preferred preferred Malleable States Iron., 7 Mi¬ 7 % 5,200 7M4 ll 43% 18 Mi M 19% 2,700 —25 * Corp 1 3*2 • preferred series A preferred series B_ 9 Me * 10 y4 9 Ma 10 10 67 Dec A Heller : t v c — Machine Washing ...1 * B Economy Grocery Stores 2% 5 Bond Share & Electric Power & Option 2 Ma 41 Mi 41 Mi 43% • Light 2d pfd A .">• • — •:-' ■ " ' 8 warrants 9M4 Ma 32 1 Corp National Watch Co Emerson Electric & Co (R) 7 % preferred preferred Empire Power Emsco Corp & Dec Horder's 6% Aug 8% Jan & % May IMa Jan 41 Apr 52 Ma Jan 17% Dec 33 Jan Jan , 22 Mi Mar % A Dec 31% 2 C) Eureka Inc — Co Oil & Huyler's , t Inc...; Fibre 2M2 1st Jan Illinois 63% Jan 5% 2% Mar 9M» Dec Div at Dec 300 900 5/64 4 Ma ' Apr Apr 9 28 Am Zinc May 5% 81 • preierred certificates Co Fansteel Metallurgical—.. Fedders Mfg Co.. Association Florida Power 100 Apr 25 Jan 5 6 - Motor Nov & 22 Mi 2% 2,600 2 May 2% 50 19 Jan 25 Ma 14,600 32 7 7o Apr % 13% Jun 22M4 Dec dep rets Motor Class A Class B (Can) of Common $1.50 ord of Co • 3 15% 100 6 Ma Mar 7% 2,500 5 Ma Mar 10 Ma 1,400 3% Sep 50 82% 3M4 • 15% 15% ... 15 Ma ''' 16 _10c ... 44 Ma May 950 4,100 68 Sep 5 Dec : Distilling 1 Malt & common.. participating preferred Co— IMa Feb 1M4 Jan 10% 2% 2 Ma 11 ...1 i 100 9 1,400 100 10Ma Feb Dec 2 Mi Nov Nov 20 Jun 18 1 Jan 8M4 Mar International iioo Nov July 2% Nov 12 preferred Mfg Co Gellman General Co common—. * ■ General Gas For Fireproofing & Elec $6 footnotes common $3.50 prim' preferred B Interstate Interstate see page 29 coupon 3% Dec 1% Nov, fa May 16 Mt ; Mar 9 200 25% Dec Apr 1 11,100 May :3 Dec . 13% Jan 3 Ma 2,160 5% Jan 10 500 6 Jan 10 9 400 7% Mar w Oct 5% Apr Dec '. 9 Dec Jan 14 Dec 1,900 2% Jan 5% Dec 91 510 86% Apr 107 V* Jan 20 30 12 Apr 26 Oct Apr 26 Ma Oct % ? ■il 400 15 Ml 70M2 % Mar 50 ; 7 Mi 500 55 Ma 300 10 2% 2,000 iy4 . IMa M 4,400 Feb Me July 17 Ma Aug Apr 77Ma Jan 13 Jan 1 13 M4 14 Ms 14 l/a 14% 14 Ve ,7 . 63/4; 20% • $7 ♦ Royalty • r7 III 14% 800 4 Jan 3/4 500 2 Ma 100 3,000 7 Ma 250 307/a 250 3 Ma 800 3 18 100 15 1 ■ 1 Ma % iV Superpower A— : • 6 2% 3,300 % Aug 3% % Apr Fob Oct 10 Feb 31 Oct! Dec Mar Ma May V4 Jan 1,800 i Dec 22 Ma May 475 1,700 14 Dec Dec Aug .-!■ Ma 7% 7 July a'a 100 iV 7 Me 7 A Feb 2 ' ««*.> \ ;14M4; <14 % v: trust ctfs. Irving Air Chute Italian t' Hi f Iron Fireman Mfg voting Jan 18% . — • 9 3% ; — preferred Dec 14 Mi 6% • Mills Nov 8 Ma Mar i'a ' . Nov 1 Me 8 30 Mi III Equipment Home Hosiery Power 2% 100 7 3*2 7 V2 Feb Jan Apr % / Aug IMa 2% WIUJT ... lMi 6,500 ■ ; 4% •v.— # B • <14 Va :... Razor 12% 2M4 1V2 77 '."•i shs II ♦ preferred— Interstate IOM4 . Jan Dec 7 33 8% 23 Oct. July lMi Nov' Ma July 15' Jun 9% Mar Sep Me Dec 3% Nov Jan Mar 12 Oct Jacobs 35% 44 Ma 44% Oct Jeannette 50 45 40 Mar 50 Aug 6% (FL) Co—...—,— 1 7 % 6% 6% 3% Feb 6% 1 • % % % 1,200 A May 8% £1 8% 100 6% Aug 1% Dec 2 . 1% X2 300 12% 13 500 10 6 13 —*■ Glass Co Jersey Central Pwr & Lt 5%% preferred preferred Julian & Kokenge Co 100 61 * Jan Feb 9% > 14% * Mar Ma July * 2,800 / 1,000 k x68% v 2V2 „ preferred 8 52% May 1 Dec 9% 12 -:7 Products $1.75 2% 2% 1% Jan 1 1,800 60 Ma %• 65 125 57 .Dec 81 Jan 62 Ma 68 Ma- 69 80 61 Apr 88 Jan 76 Mi 76 Mt 79 110 68 Apr 95 Jan 11% Nov 12 Nov - U Oct 1% Jan K Dec Jan Ma Dec 2 Nov Sep 7% Dec Feb 15 V* Jan 59 Ma Mar 102 Ma Jan 12 Ma 1 65 Dec % 8 pfd—100 —100 100 * July Kansas Gas & Elec 7% Kennedy's dep rets ord reg._ General Finance Corp common— 5% preferred series A Sep Mi Aug % 2 25% %' ♦ 25 Electric Co Ltd— Amer - 5% Utility class A 550 1 Alloys Co 9% ' I100 common.. Jan - Dec G Power 3% Feb 4 Mi 50 600 12 .50 — Safety 6% Gatineau Jan Mar 6 88% B __ preferred 5% 91 70 % Inc—— -.1 shares Investors May IMt 18% May 8% * Oct 5M2 -19 Ma • ♦ Dec 17 11 ; 8'/a * Oct 16 Ma 15 Ma 2% 62 2% Aug 4% Dec Dec \ Jan 8% .15 V* Industries A— International \ 3% Dec ; Jan 8 Petroleum Class 10 •mw 1 series Industries Metal International Jan Jan 11 ..15 ...... stock—.—„i.. convertible 1M4 ..; 9Ma Jan 64% 103 150 U' 1 —5 $3.50 Registered Jan 2,500 15% 46 M2 Mar 3,100 -,, ■ ♦ ' • Brewing Co (Geo A) conv Jan <53 3,600 IMa Machine— International Nov 2% Indus Engineer— Froedtert Grain Conv 9 Ma 3% • ; Yards.: Stock Co International Canada- preferred Franklin Dec Jun 79% 12 Ma Dec Jan 113 Hydro Electric— IMa 3% —£1 reg„ — (Peter) Apr 6% 53 Jun 2 Mi Mar 10 North America Cigar 2,600 * 3 Ma 27 Ma Jun 15 8 ■I, 100 preferred—i International 10,100 37/a Sep 2% ,100 — Insurance 1% 81 Dec Jan 31% 9 Ma ——7 Ma Pipe Line—— preferred 7 c!o Apr 7% 4 17% 12 Aug 2% v 24Ma 9% coupon. Dec lMi 7 Apr Jan 21% 375 60% - - Dec 7 6% —— voting Foundation 2 Ma 7M4 1—5 non-votrng_— . Worth 400 10 Ma <: —£1 Preferred 9% Dec 12 200 ■„ 1% ;—.*.. . . International 10% Jan 7 Ma 27% Mar 100 ' 14% 2%- Industrial Finance v t c common— ..1 F —* 17 Ma Oct Nov 975 Ltd— Co , 25 M4 3 Ireland Nov % 7 Jan 5 regis dep rets Registered Jan 21% .. 3 Ma 25% 593/4 2% * 7 88 Ma Chemical Industries— Imperial Oil Jan 1% —10 (Phila) Light $7 preferred—* & : 50 — £1 *■ ——* Imperial Tobacco of Canada—.......5 Imperial Tobacco of Great Britain & Jan 4Mb May Co Power Iowa convertible arrear Illinois Feb Aug 20 I8M2 1 Brewing.... 30 3 Ma 3 Ma Indianapolis P & L 5M4% preferred_100 Indiana Service 6% preferred. —i—100' 1 300 28% 24% . .5 Indiana Engine & Airplane— Dec Dec Oct Ms Sep Fairchild .Jan 7 12 12% July 1,500 177/a 8 Sep • . 7% 17 * 159% :1 300 6% 1 168% > 16 Jan Oct ..1 ... preferred Securities..—..... Apr 1 Falstaff ■ Apr Aviation................ 65 * 89 Fairchild 375 15 y4 7M4 6OM4 5 Co 82 7 76 13% Oct 25% 24 Jun 9 Ma 107 Ma Aug Nov 2M4 300 75 : 150% 5% Jan 6% 3% Mar 25% C: 155 Mi 25 Ma" . 12 May . Apr v ; 12 28% Mar 7 10 5 Ma Jan Nov 60% 1,300 2% Aug 100 Jan 10 6 Ma 17% * Corp Hj grade Food Products 38 Ma July Aug 57 • Aug 6% ....5 common for c Aug 4% 50 6 ' , : 85 1 common Jan 450 ,..100 International Inc Oct 6% 9,200 6 Ma 76 81 1 _ Pipe Line common Eversharp 31% 20 1 ... Ligonier Hydro-Electric 3 6 Ma 4% 22 Ma ■ 11 Ma * , Refining.. Hummel-Ross Hussmann 34 M2 4% 1 25 Ma Mar 37/a May 50 4»/« 6 Ma • ... common Humble Dec 5,500 • preferred Jan 2'4 Oct 300 5 ' - Nov 20% Nov 300 5 30 4 May Apr Dec 1M4 — • Hardart (Harvey) 3'/2 5 Mi % Feb 1% 14% May • preferred.. 12 Ma 22% 100 Jan Jan 7 Mi 5 & Co common Hubbell V Dec Jan 5% M Inc (Geo A) (A 10% May % Apr 22% 1—5 Equipment 200 1,800 /. ; 6% . 100 _ common convertible Esquire _ Jan 2 Ma . 1% "4 Me ... 100 __ ___ participating stock. Derrick Equity 4 10 Dec Jan Empire District Electric 6% pfd... .100 Empire Gas & Fuel Co 6% pfd 6M2% 100 preferred. 8% 19 40 lMi Aug 'S X 400 3% 30 '..' • class A„ 1% Feb Jan 22% - 4 4% May Apr Ma 1,000 < 20 - 1% 10 9 A Jan 6% 17 4% 15 Mfg Feb May 400 1% " 19 y4 5 , Hollinger Consolidated G Holophane Co common Imperial Electrographic Dec ! 15 25 common Oct M17 53,100 v. 3% 250 ""%■ x3M» ' u 20 ....2 Preferred 2,200 2 Ma 39% 42% * 1% 41 • 700 • ..... common Hoe Oct/ Dec ' .... Jan 4 Feb Dec 800 .... Co 3% Jan 9 Ma 2% 109 40 1% • • Chemical 9 Ma — common preferred preferred... Ma fs 25c Heyden 925 160 ■7- 4 Mi 16% •* . 1% 50 Hewitt Rubber 1,100 32% 2 * Electric 32 32% V preferred Henry Holt & Co participating A 25 Ma Dec Sugar Associates— preferred 4 Mi -. O * Jun 5 70 8,300 32 ; Oct Jan v.M/' 16 Mi 16% " 5 Jan 7% 16% 19 Ma 825 ■ Corp Apr 19 Jan Jan 20M4 Mar 5,800 % 42% ■' 43 • 100 Eastern Eastern Eastern 7 Co Rubenstein Horn Eagle 4M4 ctfs._—1 1 trust Mining Co Class July i 61 2,700 7% , • 1%. Dec 39 10 v* Mar July M2 1 - 108 Apr M4 May 2 25 voting convertible Sep : 29% Feb 4% 6% Jan 15 Aug * Sulphur '• 92 V* 10 .. Light Dept Stores common 2M» Aug 3 Ma 3M4 .10 common Feb Apr 91 * Hat Corp of America B non-cot corn..1 1 17% Aug —* .... class B Paper Brewing 1-Iazeltine 18 M4 Mar Aug Ma May 7 M4 100 Ma 24% Mar 10 • 5 Harvard 8% Feb 7 17 Ma 29% July 6% 300 5,300 101 Feb Jun 6% 1% 38% ' 37% 101 * . Rayon 49% 10% 1,300 pfd— Alabastine Hartford Jun 1,800 3% $5.50 1% 38 25 — Co Hamniermill Jan Feb * Co Products Utilities Lamp Horn Gen j Feb July dV Dec H ' Gen Jan 9 , stock— preferred Hormel 5 7o Sep- 32 21% nr Oct 110 a % IMa 3% —25 Corp common Texas 13 3% * Hosiery Duro Test 4% 14 M8 Dec 20% 26% Electric Apr 500 1 Coal B Duke Power Co... $3 Jan Nov 4% — 1 Hartford % 1% * common & 1% 14% 1 Corp Fuller 10% 700 30 25 Oil Corp Hall Dec 51 Ma May Mar 800 10 common Steel Fox '/ /•' 2 Me Mar Jan Jan i fit 1%. 10 Bridge Co Ltd Fort . Oct 25 -175 .,:TM4 Aug Jan 14% fir 1 common Dominion Ford .'v-*'32 Nov Jan 1 — 1 common Truck Dobeckmun Am Jan Nov * 4 Mi Nov 39 Ma 1 Foundry Dominion Ford 45 92 Dec 2% 37 ■ 9% 18% 1,500 20 common Shoe Divco-Twin Fire Apr 3July ' 4,800 5% 5% Paper. Stores Gulf Hearn $3 'IMW 28 ......5 Tea—. preferred— New Northern Grocery Oct 15 50 • & 5 400 1% 47 - * "*f"- 300 100 .... preferred Elgin " Jan Nov . 26 .10 ; common Apr IMa May 10 sH ,.;!14 5 common Derby Oil & Refining Corp com A convertible preferred ; Detroit 8% 1 debenture 8% 8% 35 $6 prior preferred $5 . r 12% 1 Mb .. . Non-voting $6 1 convertible A Dennison $6 5 .28 Pacific & Gypsum Lime & • Stores Easy ' 26 .50 Co Atlantic Dec 15% Jun 1 2.50 common (Mo).; Darby Petroleum common Davenport Hosiery Mills. Dayton Rubber Mfg $5 12;,; Mi '32 . Rapids Varnish—.. Mfg Aug 7/a 9 Aug 10 Grand D $6 -1 Mines— common Gulf $7 88 ' Curtis East 103 May Oct Sep x% 4,600 25 fi .;.J. —' ... class A— preferred IMa 1,200 • common— ; ,V 25 "5 Ma ; Consolidated Goodman Mfg Co; Oct 19 : 12% 25 Mi class A__...... Goldfield 1 2% 5 A Apr May 41- — preferred 4M2 ..* - International Ma ,; Jan i 34%, Jan., 4 200 • 'li-A Coal—„__.... B—— Gorham Crown ; "I4M4 "4% Aug' 7 80 "4 Ma Co— Godchaux Sugars Jan 4%: Nov Jun 4,200 .15% 10% — Crowley Milner & Co Crown Cent Petrol (Md) < _* ,_—* ♦ common :■« $7 5 Electric Co preferred—.. Gilbert Oct 6 Jan Georgia Power $6 preferred— , Dec Nov 103 Ma 2M4 Aug 150 - Nov-, 54 Jan ' receipts (ord reg)__£1 dep Brewing 600 39 Ma , Wheeler Crocker 4% 1,750 Sep -Nov 9 Jan 10 .7 % 50 Petroleum—; Creole 31 4% Vff % 1 . Courtaulds Ltd— Croft 4% ■ . American 200 , Vonunon Petroleum convertible 1,100 4% Range Cd_— Cornucopia Gola Mines. 5% 8% 37% 8% • * Copper Cosden 8% 8 37 • — common preference prior $3 % '■ ' - 50 A. Apr 35% 30 Oct Ma Dec, Jun fa May Apr 140 .. 30 July 1,800 53% 103% 103% High 73 Ma Apr M4 ...• ... Range Since January 1 High 59% * convertible Gen Shares 29% 100 preferred—1* General Tire & Rubber Continental Gas & Electric Co— 7% Co pfd $6 for Week Low Shareholdings Corp com. 1 preferred.— —* Q% pfd A—100 Jun 8% Sales Range of Prices ,r Par „ General Service Week's Last Sale Price « Nov 107 Adv ■ : 1% % Jan 200 1% 5% Dec 1 100 preferred Thursday Exchange 4% .Dec 3IMa Mar 400 3% Curb Week Ended Jan, 1 High Jan 3 105 3% Retail Stores Consolidated New York for Week of Prices Par Consolidated STOCKS Sales Sale Price Exchange Curb York New Week's Thursday STOCKS Inc.— Ken-Rad Tube 111% : Kings Co Lighting 7% 5% preferred D — 117 Dec 200 6 July 8 Jan 4% 100 4 Mar 5% Aug 1%. 1% 3,400 1% 1% 2,100 1% Mar 6 5 & Lamp A Kingston Products Kirby Petroleum Jan 6% 4% preferred___100 pfd B 100 ...100 1 1 . 27% Mar 53 Jan 19 IMa Apr 39% Jan 1 Jan 1 % Dec 2 Feb ' Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4139 157 27 NEW YORK CURB EXCHANGE STOCKS ,New York ■ .Thursday . . Exchange Curb !, : • Klein Kleinert Knott Stores preferred— Brewing Apr Navarro Jan 8(4 Oct Nebraska Power 1% Jan 4 Oct 81 99 Jun Feb Sep 'Neptune Meter class A Oct 13 Va 700 % 'New 13% Feb 1 4(4 Nov 52% Feb 2% Apr 100 37/'a 13 Va i3 3% Feb Apr y 12 Va Le Mur Co 6% 100 (N J).—,.*——., Shore Mines Ltd Lake ■ Lamson Lane preferred Bryant 1% Wells Co Lane . of Delaware——„„„5 Corp 5 2 Jun 100 Jan 6 Ms ;—I B——. Lefcourt ; Realty common Convertible preferred— r< Leonard Oil (R G) 2 500 — I. 414 4]4 13,300 „-25 fig 1*0 rf2 7 25% 24% 25% 500 N Y & Nov Nov N 19 y» Apr 30 ya Jan Y 86% 80% 4(4 7ye Aug 101% Jan 4% Oct Apr 3 Apr 12% 13 10 y* Mar 13 56 % 59% 50 1% : , —•• 1% Apr 68(4 Jan 1% Jan Dec 28 Apr lJ/a 25 ., *2% "2% Nov Dec 10 2(4 Dec 3 Va 2V4 •I 1% Jan 2% Apr Feb 18(4 18(4 11 Va July 18(4 Dec 7% .10 Merchandise. Y N Jan 5 Feb Dec far Jan 12 Nov 90 81 Va May X103 Dec 60 74 May 95 Dec 456 15 Nov 25 Va 101% 102% 70 94 Apr 102 Va Dec 7(4 100 7% Nov 1% 57,300 . 27% preferred__100 101% 103 ... 94% 95 16 * preferred 16% N Y Shipbuilding Corp— , ■/:. Nov July Light 1% & Power $6 Dec fie Jan Jan 20 25% 2% Rosario Honduras Oct Jan 4(4 59 —* common Oct 1% City Omnibus warrants Co Oct 1% Dec 4(4 —• Auction 9 Feb % 1 Co common—.— Y Dec 1 % 85(4 86(4 -25 Y 4'A 6(4 (4 Apr 23% 13 Land Aug 2% Mar ■iy8 10(4 5,800 1 Inc New Process 1 Feb 84 7ya Aug • — Arizona & N •' 16 Mexico 6% 113 % 25% * IN Dec July 3% May — 3% 102 Oct % Dec 9(4 Mar -(4 : 3% Apr New 6V4 : .——100 — New Jersey Zinc Mar Jan 3 '4 May 5 — — ■ Development Le Tourneau % _1 —*.—• Lehigh Coal & Navigation.-*; "'.I — 9% May 13% , • ;; — ^t6(4/. 6%f *"* -l'_" ■: —" iLangendorf United Bakeries class A—• Class 43% July 2 1< —1 common——* 9r/4 7% < — 100 . Oct 2%; ''fifi2Va'■'& 2Va ' ■— 8% _1 .Lakey Foundry & Machine-* 17 19% '20y4 19% Co Inc common-, Dec Sep 2(4 1(4 —• England Tel & Tel— % Aug 12 Aug 3% • Haven High Feb 9% Aug 3% —: I ;., 6% 100 New iLackawanha RR 100 102% • =»*__ Clock V* 84 • — New New Idea 12 — 5 class A preferred preferred 12 Low 800 % - *—* England Power Associates $2 Range Since January 1 High fir — 100 10(4 • Nestle 50 preferred Shares — • Co for Week Low 30c >Nehl Corp 1st pfd —— Nelson (Herman) Corp (4 •/* —. 1 Co .92; 9i *. • special preferred——10 (S H) Kreuger Oil 12(4 2 Vt Sale Price " , Radio Sep ' -y.Ky. ry convertible 1st preferred——1100 /. ,Kress ~3% .i 91% .100 '■• V-y . Union Sales Range of Prices Par National (4 Mar 7% .* Week's Thursday Last Exchange High 9Va ,—* Inc Kresge Dept Stores— A% 10 Vs Curb Week Ended Jan. 1 77/a —_1 Corp common ;Koppers Co 6% ~,\v Low fia Sep 10.'/a 1 Range Since January 1 High, Rubber Co—,,—*—10 (I B) Kobacker Low York New > 1 Co. common-™.—.'1 Emil) (D ; *■■, Ltd Shares STOCKS for Week , y;';V:i' VyPar Kirkland Lake G M Co Range of Prices Last Sale Price n Week Ended Jan. 1 Sales Week's 16% 1 Electric & Gas $5.10 pfd.100 founders N Y State shares. —.— __ f',;.:'' 5 New York Transit Co 7(4 . ./ 6 '/8 July ' ■ Jan • Line .Material Co (Thos J) Lipton Lit Brothers Lone > ! common— Star Gas 7% ' preferred—_25 Steel Chain Locke —5 — Inc 6 9c ——* , 1214 ' preferred class B—* ■Loudon % Mar 14 Feb <1,350 2014 2% Dec 8% ■M Oct 14% Aug 26(4 Oct 13 Sep 23% Oct 200 1(4 Jun i 2% Apr 5% Dec 102 May 1st pfd—*— 1st pfd v t c—- Conv 7% 'Lynch Corp common--. (4 /I-*//;. ■ 1—100 —100 12 12 12 :. -——5 — — 19 17% 19 1,150 Dec 12 10 ioo Mar 16% Jan 13 12% North $6 Oct '. ' 6% optional warrants— y — fie _ % fie < . 2% . • — . 2 Margay Oil Corp-—-—**-——*—* B Mass Utilities Association v t c 'Massey Harris common— '■* ■ Dredging ——• r; '■ 6% 1,000 5 6 Va 9c A preferred-— Messabi Iron ; 9 *—100 126 Jan Aug Mar 1,900 2 165 18 500 1 % H 25 19 3% 22 4%. 97 97 29 100 . — 102 — 102 A 14 6% Ohio ; 94 115 Jan 10 ——I ;Micromatic Hone Cprp—** ; 6% Sep Class B-V t Vi 'Middle West {Midland Oil *_1 47, Corp eorainon——*5 , 614 414 „ Middle States Petroleum class A vt c_l 3% fit 4% *-♦ 52% 50% Utility Securities % Jan 1,000 : 106% ,non-cum dividend shares Midvale Co Mid-West 400 300 3(4 50 52% 33 May 3Va 200 3'/a Dec 3(4 10 . Dec % • Oct Dec Nov 4 . 70 Jun ii 82 ' 50 72% Apr 102 Jan 92(4 —;: •**•,- 92% 30 87 Apr 108 10% Jan 8 8 *25 Dec 24 Jan 800 — 100 4% 6% ', Oct 1% Mar 3,700 17 16 — 500 8 4% 4% Corp-—*—-*——*.—* 24 { 15 V2 Mar 50% ~"Va Sep Jan 11 700 72% Oct Nov 6(4 Aug Mar 18% Oct class B $6 Service rl7 16% 90 88 % 6% 1% 90 •-/ 100 Jan 113 % Nov 112 Jan Feb 110 Feb 100 Mar 91% 5 8% 100 181/4 18% 1,400 49% — 18 %■ 8% 50 > Apr 110 91 — 100 , Sep 106 V* 105 Feb Nov Jan lliy8 111% .. 106(4 2% 177/8 Jun 14 76 17 * —100 —100 1st pfd 100 7% 2%'. - —* preferred... preferred Vkr/o 2% 2% —4 common preferred— Sep 98 5% May 12 Feb 8% Dec 18% Apr Dec $5'% * "* Omar Inc :fi"l% 6% Oct 8'4 4(4 Dec 2% Jun 200 . I 100 4% 3,100 y; , % Mar ; 4 8 Feb . 40 Apr. 50 95 May 111 Dec Jan Sep 4% 3 Jun 4% Jun 1% ■ Jun 3% Nov 4% — ~3% "3% 150 • common Sep Public ;Pacific Sep Dec Nov (Paramount ; 1st preferred—Motors "*3(8 "5'/« iPanteptc Oil of Venezuela Am shs— $1.30 80 27% Jan "3% 13 13 104 Dec 71% Aug 2% Aug 2,800 ~3% Apr 87 Feb 3Va Oct Feb 14y4 Dec Aug 5(4 Oct 5 Dec 90 • Corp.—— Oct 31 Apr 11% 100 * Service.—* 4% - 103 V* 104 July 9 ;, Oct 24% 2,100 22% Mar * Sep It 30% 25 (4 7 : 8 29% 25 1st 9 ; 2% July : 5 % % 5 % Mar • Co Can Q% 1st pfd preferred Pacific Lighting $5 preferred Pacific Power & Light 1% pfd Feb 3,300 100 'M 10 : 110% 110% 110(4 ■ 1 Gas & Elec Pacific Jan « l*_ 1 - Securities Overseas 4% Jan Oct 3% fig .50 prior preferred conv Feb 100 4% -- * —* 25% *—50 ■— common——— Abrasive 1514 -15% — — 11% May 2414 ' 25% ,114 24 1% ■ 13 — | Minnesota Ptyf & Light 1% pfd—_100 y (Mississippi River Power 6% pfd—100 Public Service.common (Missouri , — *. Voehringer common —2.50 ———.^1 ■Monarch Machine Tool——**———• Monroe Pictures" Loan . 4% 3 21,700 3 (4 May 1 *—10 100 Jan 14 Sep 4% May 10% Dec 10 514 —1 \ r. / 1 3(4 15 % — % .. 4:'— ' *— ' .(•Montreal Light Heat & Power—'' L-* MlV ■ . __ ■iMountain.City Copper common—*—r5c. Producers States ;.Mountain 10 —a. Power common—_♦ ;Mountain States Tel & Tel Murray Ohio Mfg Co —* V-: . .—100 * : 3 • ' . *. —*:— common preferred 4 X 6% f: Co y :; —v . -*—100 (Muskegon Piston Ring——*—*—214 Muskogee 4% . . 8% . ..-i 8,600 5 1,100 V12 -y-1214 ,; .— 4% — -,{—// — '• -- preferred Salt Mfg Co Prop Sugar - —— .300 Mfg [Perfect Circle Co— i;\< ■Phillips 6%. Oct 2% = Phoenix < Nov 'Pierce National Breweries, common Hess Dec Pioneer Gold Mines Jan Pitney-Bowes Postage 7May 17%. Jan 9% Feb Pitts Dec 12% Nov 5(4 Governor Bess Candy Co- National 68'4 Jun ;National (Del)— Container National Fuel Gas National fa ■ 4 Oct % Oct Apr 20 Sep Feb 13% Sep 11 Jun 15% Nov 39 Jan 45% Nov 1. : : 18% 10,900 ' ; ioo Apr 10% x8% Dec 10% 1% Jun 8 1,100 —* Mfg & Stores common——-* ■ —• Ltd $6 preferred Refining National Rubber National Steel National l'88% 3 Machinery— Ltd 6% *_**_• — Tea Transit National Tunnel 514% * RR 9 68% Apr 95% Jan "170 62% Apr 93 Jan 700 1% Jun 3(4 Dec 1,100 5(4 Jan 7% Jan 21% Apr 31% Dec 11 Jan footnotes see . page • 29 9% 7 7 2,900 10% 10% 2% 2% , 2% 50 . 50 20 50 3% 1,600 5V4 400 100 Jan 4(4 Jan Oct 1% 3 Jan 53 Dec 101 Dec Jan 81 21% Sep Jan 1175% ; Feb Mar 36% 550 ; , 3% 22 Apr May -'/8' 7% Mar 6% Nov 1.100 9 Jan 4,600 2% May Apr 3% 200 Jan- 87/a 1 '■; 1 (4 .50 9% 6,200 3% Mar 44 y4 44% 250 31% Mar 7% 6 Va 1(4 i % 4,100 61/4 6 7% 500 8 u . ■.■■■ 1,300 37 37 Feb 4 Oct 5(4 Dec 46% 49% 86% 4% 9 V\ Dec Dec Dec 45 10y4 July 1% 6% Jan Dec Jan Jun 43 42% 300 85% oct 4% May 640 11 Dec- Nov 32 37 25 ■ 11 ■■ y NOV 63% Feb Apr 12 Jan Feb 86% Mining Co of Canada. & Lambert Premier Co 5 Inc Metals 7% Mar 12 4% 100 2 Oct 3% Feb 1,500 7 Jun 8% Apr Apr 8(4 Jun % % Apr 11 Jan * % ■ 800 4% < 3% 4 y4 4% 1 ' 187/8 187/a America Corp of Nevada • 19 Va i7o 100 1 - Service of 1st preferred 7% 1st preferred ~3Va _3y8 "3% fie rfie 11. / 900 preferred Sound Pyle-National Co Jan Pyrene Feb Jan , 2% Apr as 3 i9e Jan Jan Nov 34 4% Va May Oct Sep 20 y4 Mar 6 Va Mar Feb Apr 5 Nov 7% Feb Apr 109 Feb 113 113 10 106 Apr 113 Dec 100 101 550 87 Mar 108% 96 y2 100 • • Pulp Nov Dec 100 -- 100 I Puget Sound Power & Light— $5. prior preferred... $6 37,4 Colorado— 6% Puget Dec Sep 3,000 • Gas 4% 33 —1 • 4% Jan 16% 800 .11,100 • Prosperity Co class B_. Public 1% Mar 3 2(4 3% 1 common of "% ——• — Dec 2% 7% 7% 5 Gold. Mining Prentice-Hall 55y4 1,100 2% 7% : 7% _25c Sugar common— Powdrell & Alexander.! Pratt 9 —10 Potrero Power Corp I :Z 1 —7.50 common Scale / 85% .25 ; 1 common ■ 10 12.50 Mines.. 9% , 52 100(4 101 ■ • — Metallurgical— Plate Glass Inc Pressed 1,472 " — 9% ' preferred * & 6 Apr 105 Oct 11 Producers 6% 1 55 125 44% 10 ~ Sugar Refining— National 3 Oct 29% 50 Jan 3% 86 3% ——• 59 Va 545 ~3% ~4 •Pittsburgh Jan Jan 86% 88(4 r90" 86 % common-* Car National For $6 pfd unstpd—* stamped National 77*%, 5 1 Meter Providence National Pwr & Light % 10 21% ■Pittsburgh & Lake Erie.—. Polaris 9% Jan —*—1 preferred 30% 50 3% 10 common L E & Pneumatic 11 City Lines common convertible Oct Va Dec 600 Apr ■ — Feb 70 —- 49 'Plough 8'9"°o Dec U Nov 1 common 12% —50 National $3 V{~% 7^ * Oct 11% 56 , —25 preferred series A— 114% i>y*9 6% May \% 1 common— 4V8 Apr Jan 150 49 100 Va ' Bellas A Dec Oct 5% 70 • Apr 5% pfd Co Securities Conv $3 Jan " Packing 'Pittsburgh • —— National 2% 5,000 149 — 1 Pleasant Valley Wine Co Nachman-Springfilled 74% ■ • iPharis Tire & Rubber.*. May 3% • 74(4 iPhiladelphia, Co common-***———-* May 52--Dec N Nov 13,700 11% Va ! 51 Feb 9 . Jan 32 23 ft 100 Co 4 .. 24 30 20 common :Penn Water & Power Co VPepperell July ■■'.• 300 23 Sep 99 4 * $6 Penn l%.Mar 20 Dec I'24t( May 29% July 39 • • —50 Nov ... 30 300 28% • 6 1% May 4/150 10% —• 166% :. Dec /('. /; ( -/■:■/. 4;' a.' t Feb 18 ,. _ 814/ 8% ,1114 ; 11% *-^V — ., -1% $2.80 series preferred— ?Penn 30(4 Mar ... , ~3(4 ~3 (4 .1 common .Phila Electric Power 5% 1% '. 114 . . Dec 7% Aug. Feb 5% 15% July 5(4 Aug., 150 .-4 J% Airlines Cent iPenn Power & Light $7 preferred- July 5% . 24 23 ■Penn Gas & Elec class A com* 15% Feb 20 28(4 2.000 iPennsylvania Edison Co $5 series pfd.* v/y ■ 1814 .. (Penn I - 152 v* Mar , —\ 1—— Aug 4% , ■Mountain 1 — * common A*—*————25 Corp common— —1 Dec 103 Aug, (4 May ; Pennroad :•» 2% May % Dec Telephone 10% 9(4 preferred Jan Apr Apr $1.40 52% Jan 4 16514 16514 Moody Investors partic pfd Mtge Bank of Col Am shs*i 'r Peninsular f 82 May 5 . {.Montgomery Ward A i ——1 iParkersburg Rig & Reel 'Patchogue Plymouth Mills— - Oct.,;-'. 14% May '<>*■. May 414 1 ■ 7%. Nov .. Feb . 90 .*_ __ % Society A— 67 __ .-414 • 16% common Dakota Utilities-*———10 .Montana ; ■ - 32 16Vi. 17:.- — Molybdenum ...Corp--'; r 514 — iMock Jud Monogram _* Dec , .v,vl% 1% Sep .:.oNov —^ *_ 15% Nov 41% Jan Sep % May ,x5% May , , I 15'A May Feb 88 Apr Oct (4 6%. • 6% 6% Midwest Piping & Supply—" ,• 4- ..; * {Mid-We^tvRefineries—* —*-l: 1% .• • 1% ; Mming Corp of Canada.*— ' " Ji % ' ,. % fMinnesota Mining St Mfg.: 51% - " 51% 52 Va ' 1 24 24 Jun % Mar 3(4 Apr . iMidwest QiF Co————**—10 • 23(4 Dec Midland Steel Products— fi'l $2 , 50 1,075 23(4 pfd.100 •Parker Pen Co._ ; 56 24 — * 5 — 12 ■ r24 * 50 **—4* Oliver United Filters B——,—— Nov 32 99% July 6% 414 • Corp $2 cony preferred—* % J'; $3 preferred Mar ,2 •. Jan 3,900 414 . — • 3% Oklahoma Natural Gas common——*15 1% July U Jan <1,000 — % Apr Public Jan v.... 20 —* Preferred— Feb fig Feb 1st preferred... Oilstocks Ltd common*. Apr (4 26 fs '4 4 . Jan " 5Va May % Co Power Pacific iMichigan Steel Tube———*.——2.50 4Michigan Sugar Co . 2% States Power class A Ohio Mar Sep 1,400 ' 102 Oct 200 Ohio Oil 6% Dec Dec 1% — 5 1,300 Edison Jan 3% 1,200 I/1 ■' . 200 7 Nov 8,900 Public Service 6% Brass 3%:' Feb Dec 18(4:: Dec — Participating preferred——-—*15 ! Metropolitan -Edison $6. preferred—* Michigan Bumper Corp —1 Dec . 4% ' ** —25c Apr 8 fie RR Co Ohio Oct Feb 90 1% .' i 4% Co——y*-**————-1 Textile Corp Metal 86 3y4 preferred— Ohio ■ ■ 5 3% 92 14% 2 >4 Mar 30 1,700 28% y8 Ogden Corp common,—. Dec 1% Mar % ;Merritt Chapman & Scott——'—* J 92 8% Dec Dec Apr 150 2'4 1% " 92 8% V\ % Northern Pipe Line t ,• ',4 v 2% 3(4 — Jan 1/128 Mar Jun %• Jan 4| Feb 18»/a 2(4 3% 2% Ma y 123 ,18 v Dec 400 1% 8% 19 •':i (4 1,100 5 1. ——* 'V' 2 % May 300 214 1% -A.' 800 92 5 100 3*3 Oct .3% % 3(4 Nov '<•; IV2 1814 preferred Participating 2 11 119 class A-jI t ?/'■': Tt. .: Jan 8% Sep 4%' 5 common**]—.!.*—* Stores 1 400 • 123 'Memphis Natural Gas common iMercantile /Merchants-& Manufacturers 100 9% 35,600 1,256 Mar Central Texas Oil Northern 53 (4 Novadel-Agene A 114 8% * — Mead Johnson & Co* Sep Jan 234 . — — 27 2 — McCord Radiator &■ Mfg B--—--*—*-* .McWilliams 8% Sep Oct 2 3% —1 24 , Feb Feb Oct 21% % common Penn 19c 1% 69% 3(4 Nor Indiana 4 Nov Sep 1,000 3.(4 37 Sep 1 American 2North Oct Oct 9% ' —- Marion Steam Shovel-*—*—--———* r — Jan 3% -55 July 8% — .'Mapes Consolidated Mfg Co:——_,* .'■•.Marconi'.International/.'Marine-?Com; munication Co Ltd-—,—**——. I .1 Jun 1(4 Mar . 50 - — ~~V4 prior preferred North Mangel Stores—— ;— —1t *. 2%-. ■■■.■". 2% ; S5 convertible preferred.* .• — , ;Manischewitz (The B) Co————* 260 (4 preferred; Northern ;Manati Sugar 41% Apr % 37 1.000 Light & Power common..1 Amer Class M j 33 North American Rayori class A———* Mar . . 56 Electric Noma Nov 23 ; 1% 53 y4 —-**—1 —5 Mines.——-*— Nipissing fie Dec Sep — — ... 1% 56 41(4 —* Nineteen Hundred Corp B Jan 19% 10 100 100 1st Niles-Bement-Pond Dec 3% 93 ' v** Conv, 7% 100 pfd. preferred 5% 2d preferred —* Class A optional warrants Class B optional warrants Niagara Share class B common Class A preferred Ludwig Baumann & Co— Common 6% Service Water 5% Jan 1 Dec % May — Y Niagara Hudson Power common Nov 9,200 2% 5% 4% 5% 575 23 19 7% >, 11 6,200 22 5% Jun N Aug 5,000 V2 20 & Exploration 1 350 » 6% 23 ——100 —————• 1 Louisiana Power & Light $6 pfd**. Land 1214 % - ■, 19 iV i6o 5% % Packing- [Louisiana 5 Apr 13% Apr 1,150 % 12 6% Corp-—o Long Island Lighting common—* * 19c preferred class A—— ----100 6% % __ 5 — 7% 7% , — & Timber common Manufacturing • 100% 45 45(4 1,000 35 Jan 52% Feb 6%l 6% 600 6 Dec 16(4 Jan 8% May 5 10 Oct 43% "7 _7 300 8% Ma^ 6(4 July 7(4 Nov THE COMMERCIAL & FINANCIAL CHRONICLE 28 Monday, January 4, 1943 NEW YORK CURB EXCHANGE Thursday STOCKS York New Week Ended Jan. 1 STOCKS Range Sale Price ■■•• , Shares Low Par York New for Week of Prices Last Exchange Curb 1 Sales Week's Stinnes Quebec I Power Co^ 56 147 30 139 May 11 50 8% Sullivan 73% Nov Apr 147 147 180 11 * 100 * Quaker Oats common 6% preferred ■;— '70 Sun Jan 150 1114 Apr Corp Oil R % A May Vt 900 12% Range Since January 1 High 12% 100 Low ~V/e 7J/a 1% 1% 1% 50 Nov 9j/2 Jan 2% Sep 45% Feb 26 Apr 50%' Dec 10% • Corp 14 Dec 1% May 39 y2 Jun 50%;,- 2,000 4 49% 50% 25 % Aug 14% NOV Apr 6% 3,100 '<• Apr 03 50 , 42 VV1 42'A —50 com High Dec 8y» 9% 1 preferred (Calif) Co Low 1 Superior Port Cement class B 10,300 Shares • convertible Superior 37a for Week • Ray Drug Co Oil Swan Finch Oil Radio-Kelth-Orpheum option warrants- Range of Prices __5 ; Machinery Sunray 5%-% Dec A AA . (Hugo) (S) Co Sales Last Par Stroock 68 Week's Thursday Sale Price Exchange High Low High Curb Week Ended Jan. 1 Range Since January 1 Feb 11 15 7%, Jan Feb 8% Nov Oct Railway & Light Securities Raymond Concrete Pile common— $3 convertible preferred. Raytheon Red Bank Oil Co Electric .& ReManoe :Rice Dry Goods Radiator Stix (Richmond Rio Grande Valley Gas Corp Apr Va Jan 11% 3 Va 10'A 1 1 1,400 100 12 12 * 254 3% : 3% 3 A 16 16 55 57 17 17 May i "iii vav • 3% 3% 3% ' . aaa 13% Amer Todd Jan ; •A? 2% 3% 9% % % 4% 1 ,3% 16 * 57% 2% • I* * •V- '• '■ '• •*V Jun 5% Feb 1% Jun 3% 114 Oil Salt Dome —: ; 14 July *214 Co 113 United Sanford Mills 3'8 800 Schiff .V Co Schulte i ' A) (D " /•.> ' /-•. 1 common— : Electric .Scranton Lace Scranton $6 12 % a • 25 14 "■ 2% Nov 3% 19 v .. ' •'•— % 1 Nov 1% Lr$'- 24% 25 8,000 ■ v 400 A Feb a: - 8 Va 500 :. Steel Co ——• 16% A 18 16% : Securities Corp General..— Seeman Bros Inc.— Co ? -r (! ' 1 • —• .1 ; stock.: Convertible $5.50 19% May 90 a Denn • 29 • ■ A 27 a. ———• "•• Oct 19 8 k /;••, a,:-./ aa Va : w- 51 . A - 32 3% ' r -a A 13 3% 51 . 51% - 50 a#a - 38 38 . .. 4% - a 2% 5% pfd series AAA cum of Sherwin-Williams Silex Co 25 common. 100 Canada • ; A 4% 4% Vhf 13% 13% 52 % a convertible preferred— Simplicity Pattern a—-A a-.-;aa, 'a' ' 112% 113%/ a ,;.-a*'a ''' ..mZ "r : Feb , - 20 a vilii aia '•A ; • Skinner U 10% 110 .. ' 115 Jan 6% Sep 814 May . Aircraft -Solar Manufacturing .Co Sanotone Co.... Corp 9% 11 S South Penn Southwest Oil Pa California Southern Dec Jan 3% Aug 7% Jan 2 Fob 2% Dec 5% Jun 7% 500;MM." ' v 100 l % 11 11,800 3a 2,700 9% % 33,800 - V : & JA ■1,300 213a 22% ; 3,400 —• 27 28% • 77 77 22! preferred Ltd— -A — preferred B preferred series C 7Vo Power • 2% - V 2 . 1% • •" \ - 1 25 class 38% 1% • Phosphate Co... Line 1 Royalty Co... 3814 39 2914 39 2914 i Spencer Shoe Corp. Stahl-Meyer 21 May 72% Mar 20 Standard Inc 1 1 * 39 a 1% July _•., ; A 42 5% 5% 4 Jan 725 50 % Mar 63 Dec 45% Aug 1 10 : 29% Rubber Reclaiming • 4 3% 1,000 3% 2% 2% 7,800 2 'A May 3% Jan 7% 7% 200 6% Jan 8% Apr A Nov • A '/a . 60 59'/a A % * 60 2,400 * A 600 A7% 10 ...100 1 VA 114 Feb ;aai % 1 — Standard Silver Lead Standard Steel 2214 22% 42 $4 Mar 122 Feb 5 160 v • * . : •!* ' 5 • .. Standard Tube -class B__ Starrefct Stein Sep & Co (A) '. 6% 1st 5% 2d 2% , . Jan 3A Jan 10 2% 3A common preferred. preferred .1114 10% 61% Nov.. 9 Nov 30 Jan 2,800 1% Va 12% VA Nov Apr 10 Feb 'A ft 23 ^ 900 f.1 1% 1% 3% 1% 3% Dec 4'A Jan lA July 6,100 r .' % . 1% Dec 1% * "m'm : Jan 8 1 common 44 47 1 Co A 14 Equities common ..y—'a _. : 450 a 475 '.••'•■' .. is •'•vA%a Sep Jan 2% A A •A 1,400 Feb Dec 15% Oct 3% Jan . . a 62 Apr /• 1% Mar " Dec 26 47 •-• Jun 41 : - A : Mar 700 45% 43% 45 1 10c ... 2 Va 2% 5 Sugar , 25 10 1,350 14% A a a - 14 -mm 47 a 11 5% May 6,900 i;' r\ Oct Nov A/, .4 Dec v ■*'( - % Oct % Jan «c'r> 11m 9% 10% Dec -AA:. A Oct Jan 7% 100 23 is Apr V ' —8 priority stock 1 ... 150 49 48% 49 May ,11% : .•v — , ;-. iv - 110 ■ a a2 a 6 6% A 23% footnotes see page 29 T A 14 14 • Jan .1% Dec ; Jan v. % Oct 33% Mar 49 Dec afa ' - J., Va 21 Va 400 I Dec Dec Walker Wayne A Nov West 3% * tV AUg May 414 Mar,; Jan 8% " 8% 'Wentworth Sep Jan Western Dec % 14 May 19% Jan A 2% y8 Sep Va —' — . 20 7 .. 5% Coal Westmoreland „ Jan 2 & Apr Aug 31 Oct 35 y2 Mar 7 Oct -a Coal. (R C) Oil-O-Matic 8 Willson Products Wilson-Jones 300 ,. 200 8%: July A Nov % Jan May 13% Feb 1% 400 Nov" 81 v Mar ya May 9 •••'• VA t VA 2'A Feb 3% y Oct 2% Dec 100% Jan Jun'- 86 *3% *3% 6% 5% "4 Nov 27/a 6,900 Jan 4% Nov 2 1,000 6% Mar 6-y« Dec Dec 8% Oct 8% 67 67 67 20 100 19 'A 16% May ' "■ 5% Mar 5 % 100 *"• 5% 7% * :f : Dec 5% July 7% a" 200 6 % May a 1% 1% 100 1 Aug 9% 9% 175 8% Jun. a 1.8% 9% 400 6% Jan Oct 15% Aug Mar; 12 , 5%:.. 75 61% May 20 . 13 ♦ ; Wolverine Oct Woodley 1% Nov Wool worth ' 3,900 Apr 1 Jan Jun 3% Dec ; • ;„* Heating Inc 4. Co.. Portland Petroleum (F W) ;• 1 4 10 pfd 100 Cement Apr 7% Jan u J3« 10% Aft 6% Apr Feb A.-: A 700- :/■;% V :• 5% " Jan' Dec ." : 1% Mar, J 10 Light 7% Feb 2 % > 1 Wisconsin Power & U 650 Nov 4% 600 10 Corp & Co 4% %, Jan 9% 6 4—4.20 River Oil 500 2% 90 JA 79 5 ... 1st pfd—100 Stationery com.. Williams 9% Aug 3% Jan 50 Dec 3% Dec" 700 • Mfg 1,800 6 NOV 17% Feb 5% Oct 7% Mar —20 Williams Apr 2 ■ 40% 100 3% / 3% A/ .4%A;5a A 5 Iff Coke Weyenberg Shoe Apr 8 . : 25 - 13% Nov Oct 6 Nov 6% Jan 8% Nov A Mar 46 250 ■ 200 . 83A 10% 1.25 ^Westmoreland Inc 1% . 1 Va 2% ■ 7- • 44 U Apr Apr : 3% Apr 1 Air Lines Inc •Western Tablet & Dec 700 . : . 8% 1 Western Maryland Ry 7% 6%-Nov 28% Apr 13 Oct , Jan Sep 42 8% —5 Western Grocer Co Mar A 200 • — manufacturing Utility $6 preferred 12% sz 3,700 8% 2% - - •: .— 3% Wellington Oil Co.. 14% 13% 600 46 50 * class A 110% Feb. 114 ""a- • : Wichita "™V\ 43% _• West Texas ^ 1 1 Co Mining- Co. Knitting Mills Jan .,1,500 22- Waitt & Bond Jan 12 900 . a % A Jan 950 ,-.6% Ti> 21% , 14 Dec 2 Apr 1,000 ' 100 • Wagner Baking voting trust ctfs 6xt__* 7% preferred ; ——.100 14 10 % 5,100 15 "' Aircraft 114 Nov 103 4% W Waco 1% Aug 9% Apr 5,200 ; 3 -• Feb : — n 4% 14% 1 Oct Nov ••■ u Co common Jun 75 ai A 5% »w 1 Inc A 4,700 110% 13% v * 15,4 May • "A .450 - • • 5 preferred Petroleum Class B 600 100 ',%• 15 .1 common.—. convertible Virginia Public Service 7% pfd Vogt Manufacturing -1% Oct 1/64 Jan .2,600 , 11% : 12%aaa : • a: 1% For ' H Aug • 7«A Mar - 10% May 12% 110- 1 B) 2% :1 1 <J .700 A) -2% 3A • .1% Sterling Brewers Inc Sterling *, — 2. Sterling Aluminum Products Stetson Sep May r 6% Jan Jun 5 —.— Sterchi Bros Stores - •...; (The> Corp voting trust ctfs__l • .Steel Co of Canada >/e 3/64 1 Spring ' Jan T%4%- Apr 1,200" 1% 23 • voting trust ctfs—....1 Pictures Venezuelan oct Nov May 1,000 A114 14 Products Co ~VA 1% 1% ...50c common— Insurance Valspar Corp Dec 14 400 • ; Preferred Standard 7 A 27s/2 Mar "l VA ...• B. $5.50 " 20 pfd Standard Power & Light Common class.B Apr 33 43 375" .. ...50o convertible preferred Class Utility Dec 2814 6 1 (Ky)_, (Ohio)—5% May Apr Jan 24% Mar 100 1% 2.78 $1.60 convertible preferred Oil Sep Mar W Dec 30% Mar 50 100 -614 • , Convertible preferred: Standard Oil 2% 250 Aug T3% 2% 7J/a ♦, Utah Power & Light $7 preferred— Utah Radio Products Dec 28 36 3A , Standard Dredging Corp common , U Jan Dec Jun Va Mar 61% .63 , . 3% 5 and International Securities Utah-Idaho Oct 105 5 Brewing Co Standard 28% 85, 1% Sep $5 1st preferred with warrants—...* Universal Products Apr Apr 10 Standard Cap & Seal common { • ,>■' 3% Oct Jan 38 r62% " 2% -Nov 2% ■ 27% 100 ' • Jun 23% Mar .10 dep rets ord regis— ; 23 Apr 244 ' 1 B Universal .Apr Dec Oct ft Sep ' Universal Corp Spanish & General Corp— •'V/y"i Amer ; 2% Sep 1% 700- , 25 A 'Spalding (AG) & Bros™ •/ 1st preferred— 1——;r— ... a' 25 .25 —25 Pipe Southland 31 Jun 1% Apr .. 200 . preferred 100 New England Telephone..100 Southern Jan Jan A . ; common.— Universal • '3% a 37% -* 100 2,800 IV* 1% - 3% Dec Dec 400 2. 2 . : a ;?' ' 2% Southern Southern 126% 1,600 25c Universal Cooler class A Dec /ff ,;i% Oct :m % oct % Mar ... United Wall Paper. , .2; i Universal Consolidated Oil———10 Dec is 1,600 : 2% Dec % 10% 25 United Stores Oct 93% :»a 9% A7 Jan :<A! *--100 preferred ..10 Machinery common....25 1st $7 Mar Feb % Nov _ A X A' U S Stores common 1714 Apr' Nov Jan Feb Jun Va Mar 100 ;A a . Apr 3Ja 10,500 A,: 57% Jan 97% 5,800 7/64 *A • a 15 A Jan 550 113% 117 >A Mar Va May; : 1/64 Jun 50 a . is a ' *' Jan 2 5 Dec X. 5%%. Colorado • 2% r\; original preferred 6 fo Southern . 2 10 Edison— 5% 2 182% 1% . • —25 ... 3 Dec 1% July ■ Aug Apr 100 100 1%a- Pipe Line Oct 3 'A Co Foil Co class US Jan Dec 130 90 2% 1 . 2 —.p'v'-'v- —1 common. 'South Coast Corp common.. 7% 57% Jun U 113% ,U S Lines Inc preferred—.. -J....10 U S Plywood $1.50 conv preferred 20 iU S Radiator common 4 .1 Jun % 10 -v-:' 1 . ^ ;Soss Manufacturing 173 2 v'f • ..1 1 Oct Dec ' .El 100 Oct 2% „ Dec Apr 700 173 1 .Solar •aa ' • 1/64 u Shoe -a' U S I *. Co. Organ Aug ■ 2,100 12 9% • United Specialties common 13%. Dec /a 84% v 15'A —1 100 common Manufacturing Co.— ,Singer Manufacturing Co Ltd— ,• Amer dep rets ord regis Sioux. City Gas & Elec 7% pfd 1 -a: 1% . 100 • Vz :: ... Sharing.. jU S Graphite Dec Jan Va 1/64 1 Preferred >■■"••• Dec Sep Profit United f 4'/2 May 59% May • Singer 5 39 900 6% 12 ..a;-/- • Amer dep rets ord regis NJRR& Canal Co.— v a Nov 4 i United A Dec a 51% Molasses -A" 5% •A—.' 7' '■ 10c Stores preferred participating United Nov, /• a. . 9% i. 12 1,200 a; - 4% 4% : /A: 3 A:' -'U— % .Simmons-Boardman Publications— $3 Jun Jun : • NOV DecAAA: A 5% 2 300 13% 5 Dec - x4% 200 A 5,100 2% % a Va' Apr —• common 7% 4% July r ■ Sherwin-Williams Dec fs Dec Mar ' i Dec Apr -ac:,. 4 t'.a, 2 A., Apr > Oct 13 a': Mar $3 Jan 6 • warrants warrants— 1st United Mar % Vs Jan. > . '.. . 36 a WW;A _* common .United Milk Products Dec aaa 5% a Jan 1 7 (.300 . 8% A 150 A 51% 3sa • 500 51% afl2 a, 8,600 % ■-& Apr ;2% Mar. 50 .1 ; 26% July. / - 1,400 - . ; - 't* • 1 Common class B $6 9%, Jan ; a: 3 '• _♦ Elastic Corp Option i 1 Jan 69 10 United Light & Power common A Aug 'a; AV' . Sep 3/a Mar -a 100.a . 4% 13 —5 iShawinigan Water & Power Dec Nov 3 ~. 1,200 1% 1% A- —10c Co United Gas Corp common ! ? 1st $7 preferred non-voting Oct 113% - July 6/4 6,900 4% . - 1 Jun Apr 29 r. 350 2 1% " Products Cigar-Whelan Corp United Dec Oct 29 600'}! i: - Tff - - , '51% — \l 29 - 4% a 600 " 1 1 Mining. n aa % . ■ certificates Seton Leather common :Shattuck United United Apr 22% Mar 15% 140 7% • —25 Sentry Safety Control— Serrick Corp class B ; 1% 6% a'a — —aaa-A 2 1 $3 cum & participating pfd V n Nov v' 50 . ; 5 prior stock Allotment Jan, .. ; Jan 111 ... |..A ■' 7% : * 1 Selected Industries Inc common... t' 48 7% 1 Segal Lock & Hardware—. Seiberling Rubber common..— Selby Shoe 49 _* common. Jan Jan 6% 1,900 1% Jan •: • •% Apr 3% May '.' 39 1% % % Mar V- • •. common Chemicals > Jtm. 'v:' Spring Brook Water Service— preferred * $6 111 3,000 A;:.* 4% 4% 38% - • X 103 Mar - * Canada Aircraft United Nov 12 Scranton Scullin tv • • 39 —1 ... Union Investment NOV Dec 9% s/a % Apr- 200 a.-a; - a:-' 21 22% 24% 25 common 1,200 Mar -95 1,000 8,300 i 1 preferred— United Jan 26 y4 . of Gas Union Jan 121% 100 A 12 V , —• preferred % 1% .. 4'A Aug 95 ; -85 6% 4% Corp Manufacturing Unexcelled ' Convertible preferred Scovill Manufacturing... . 12 — :S'-- •• . 14 —5 vx common.—_— •' ' ■ Jan 3% Apr ^ Dec • Jan f49 Oct V 2 Feb % ■ Dec 50 _ 16 Corp A.i:.——. 860 l3/a • is Realization Ulen 814 May > -Sep r ' Oil Co.—l—i Savoy ., . a a, -6% "Vl% 1 • convertible 80c Dec 1% July AA % Feb 5,300 34 1% Sep 814 May 114' Aug 105 50 * : ... ;/• . 214 34 1 Corp common." 3A 22,700 115% 214 . ' Samson 200 VA "1% J!i% l'/a 1 preferred Dec Feb A A; —5 100 Regis Paper common.— l'/'c 5% U St Lawrence Corp Ltd • Class A $2 conv pref—...A—_50 St Vi V "v'- -•>6% Udylite Corp— s >1,400 Oct Dec Aug Nov li ——— Tung-Sol Lamp Works 3% Mar 3% 17% Jun* 38 .. Co Chatillon Class i--: —1 of Nevada.. Inc Tubize 53 100 i1 - ■ 2% ii 50 51% A- 100 preferred ... . Mar A 4 V* Aug warrants Trunz Dec 50 > Dec .NOV 8%'• Apr 104 Dec ' __ Tri-Continental Dec 17 Oct 6% Tonopah Mining Dec 3 " a preferred Transwestern Oil Dec 14 .1,800 38 3% 20 ' Jun 2 550 .... 4% 38 ' • ' 4 > 86 1,100 17%" Jan Jun A 6%. Dec 20 3% 17% 17% 2V4 16% 36,400 103 W ■ 3% 5 Stocks Trans Lux Corp. Feb Jun .314 1,300 103 2 ; 5,100 2,900 7 Va" 6% — Edison 7% Jan B'eb a:a.:. 200 % ' Shipyards Corp Toledo Jan 23A 900 3% . 36% Mar a-a 200 3% 3% , Allied 3% 18 y4 6% ...100 common.. Product Exports.——. Security Trust Co Ltd— dep rets ord regis Tobacco 1214 Mar Apr : 914 May 25 i—1 • 1 Aeronautical Co Ryan Consolidated Petroleum— Ryerson & Haynes common 95 VA 250 17 2 % Ryan Jan 2 "a. .a... 100 16," 55% .— 14 103A May; 714 Apr 2,300 • : y8 : pfd 17% Dec 77 300 214 20 Russeks Fifth Ave 1% & Tobacco Dec 14 Mar., 50 Tobacco Oct 6% Light 1% Co Roofing Inc Tishman Realty & Construction— Jan 11% Power & Shovel 3Va 17% 3% • Tilo ' 1 Royalite Oil Co Ltd—. 5% Dec. • 700 7% A. 7 % 5 5 Dec 514. June 300 : • 21 % Apr ',.914 300 6% :6!4 Jan .2% May 12,800 A A 114 1 * common common Texon Oil & Land Co Nov 14% 110 common Texas Thew Nov 914 2% Typewriter— Royal 34 250 10 Va 6% Technicolor Inc Oct;. 2,000 10 14 July 1,900 convertible preferred— $1.20 Apr 3% A ;'a' *' ai 90'A Co———— Petroleum 51% : 700 89% Roosevelt Field Inc..—.—_ Root Oct .; 10'/a 21 1 pfd D Apr, 1,300 Va & Pendleton Inc...— Cable Rome Tampa Electric Co 16% A % Co v t c Rochester Gas & Elec 6% Roeser 13'A % 21 .* —-—1 — ... Taggart Corp common... Oct Sep Dec 21% l7ff —1 ——1 : 14 1214 480 41% 1% Aug 5 Engineering— Republic Aviation .— Rheem Manufacturing Co ,1214 ' 50c Reifiar Foster Oil Corp——_ A Dec1: 45 )jL3% * —;— 8% Nov Apr A «ian 38 ... Co Roller Bit Reed 4 100 % -'* common—50c —I Manufacturing 150 7% 7% 10 1 -10 * Voting .common Railway & Utility Investment A RatK Packing Co. common 9% ' - 10 1 ; • "'33/4 — Jan Jan 9% Nov 94 Mar 110 Nov 3% 3% 3% — 2% 12% • 800 3 Jun 4 Jan 4' 300 3% Dec 5 July Ltd— American deposit receipts Wright Hargreaves Ltd ; 31; Bg ♦ lVa-VA 17,500 6% Dec 2% Jan THE COMMERCIAL & FINANCIAL CHRONICLE Number 4139 Volume 157 Last Interest Exchange Curb Period Week Ended Jan. 1 —.—1950 J-J -.—.-I debs_ f s No, Low High Vi 103'A 3 102 105% 7 107 s 4 96% 90 90 J-J Debenture "106'% 106% 106 % J-D A-0 J- J 22 38 Cont'l Ogden Gas 1st Ohio 47%; 12 %• 12% 127/a 13 12 Vi 13% F-A 12 % "12% 5s ADebenture A-0 127/a 12% 13% —_—1977 -1955 1955 F-A 12% 12% 71% 72 — ' 5%s deb AConv Assoc T & T. debates A__ 4Vis Light Atlanta Gas Atlantic City Elec 3Vis ' M-S M-S 106 Vi " "< 1st M series 5s C — s River Power 5s— Broad i As . Northern Canada Central ; . /: . * 1st 105% 108 .99% 100 105 62 i 33 86% 86 ,. 104 12% 125 4 94 59% 98 Edison El Lt Gas series 3'As & Pr ASchulte 85 Scullin Steel inc mtge 3s 84% 26 72 85 86'A 135 62% 96% Shawinigan Water & Pwr 1st 4%s series D 86% 84 83% 84% 57 64 96% Sheridan 1971 N A-0 —1958 M-S 3%s— Packing 104% 107% " 82% . 120 72% 72% Electric Light 5s & Power & RR 5s— Elmira Water Lt M-N 1954 t ■' • .£■!' ; ' 5s— General Pub Ser.v §AGobel (Adolf) 4%s ser A Grand Trunk West 4s_. Great Nor Power 5s stpd Green Mountain Pow 3% Products, Grocery Store West 6s. & Guantanaino ' §AGuardian Investors 5s J-J 93%; 72% J-D Counties 89% ^ J-J — F-A 99 47 Jan 1949 r 96 98 A-0 ; 110% 110% A-0 105 104% 105 J-D 101% J-D 99 Vi 101% 101% 98% 99% M-S 93% -:-i. {International .Power Sec-r :fi"iA8%s series Cf——1955 1941 EJL——. ——-1957 1941 coupon)——.-1957 F__ .1— ——1952 A 7s (July 1941 coupon) 1952 Interstate Power 5s 1957 Debenture 6s 1952 Iowa Power & Light 4 Vis— 1958 • A7s F-A A-0 M-N ,;t 92% 40 56 81% 91 : 6s__ (stamped) Superpower Altalian a Jacksonville Gas —1963 1942 Pow & Lt 3'/is 1965 Power 3Vis—-i_—1966 Electric 6s_— 2022 Kansas Power & Light 3Vis 1969 Lake Superior Dist Pow 3Vis ,-—1966 Louisiana Pow & Lt 5s —1957 Jersey Cent " ... i-u G Middle States Petrol & 6Vis 81% . 39 47 P & L 4%s_ ref 5s ; 83 ' City Rapid Transit Twin Nassau & Suffolk 8 A Y;' 83% 96 ya; 96 Y; 6s Nevada-California New New 5s Amsterdam New Elec Gas deb Power Orleans AIncome 88% 100 2 6s Public series Nov 25 50l/a ,106% 107 94% 94% $60- "62 23 60 'l'. 5 1 . .103% If? 1 108 88 ,'i. *' 42V'a 61 64 Va 63% 65% 27 49 63% 63% 64%s 29 49 76%' 76% 64 64 65% 39 49 77 - A-0 F-A J-D 64 65 % 40 49% F-A 63% 63% 65 65%' 29 76%' 76% , 63% 63% F-A A-0 . " ; 13%' 12 25 103a 16 10% ' 78% 17% 2 24 V 50 8 12 J-J 49 , 24 24 13% 24 13 ( .;.A A-0 2 105% "M-N J-J F-A J-J , 105% 105% 24 107% J-J V. 107% 107 Va 4 $110 ft 105 107%: 106% 108% 99 ,1 108 1 ' "10 85% 86 : 86% 101 .!■ 108%; 106 20 111% 111% 85%"; 118 107 115 99 i 108 >. 111% J-D A-0 F-A J 4s ; .Utah Power & Light Co— lien / &' Power Co— <->. - 4,., , 69Va 23 97% 96% 97% 11 • ; 88% ;:iii%. 114%' .;;:;io3% 107% : V 82% 100% a 11 '116% 116 Va, 116% i-•• ' 115% 118% / 94 —-V: ■*: 95% 92% 100 96 94 F-A ^1944 St gen 4y2s— 6s series A___ £ 106%,; .106% 106% • A-0 • — Waldorf-Astoria Hotel— y 83 West 71% 82% West 13 79 118 Penn Electric 83% 99 6s 20* Y; A Stamped 5s 8 15% 16% v'2 15% 15% 6 15% 16 7 'H 5 74 747/a 54 65 36 31% - 18 99% 108% 3 107% 117 ' 72% J-D —1947 64 63 . !; }} , 3 75 •' ? $72 • 6 84% 72% 71% 78% 13 110 84% F-A F-A J-D 1937 y —; —— 5% iioy» • extended to 1959 Rys Co 5s stpd 20 19 102 110 102% 2% 108% 110%' 107 111 102% $110 J-D A-O J-D 1964 ——2030 —I960 5s 128 4% 4% $108% 115 ; 4% J-D Union— unstamped extended to 1959 5 A York 5% ■'-8',- Western Newspaper 105% 107%; 8 «..1954 —1951 5s„ Traction Penn M-N , - Ry & Elec 4s Wash Water Power 3y2s 71% * 2022 debs., income A5s 19 8 41% ; ' 16% J-J J-J 74% 35% J-J J-J 16 J-D M-S J-J 47%' 107 107% 107y» 11 19 19 A 109% YY 54 105 108 New York Curb Exchange : M-S $100% 100% M-N $108 87 87 108% 110% 110% M-N 101 J-J 101 120% 125 110 105% 106% 26 107% 110% 80 90 98% 101% 106 107- 109% 110% 98% 101% 50 64% 102% 106 7/a J-D 107 J-J 103% 107 103% 104% $112% 113 M-N A 20-year A 12% F-A F-A 99% Sale Price Bid & (see Bogota ACauca 105% 108 100% 104% 110% 112% 7s__ Bank Mortgage Valley 7s 5%s 5s Danzig Port & Waterways— A External 6%s stamped City 1—_1952 Oct 1927 — 13% 14% $9 M-N J-D 6V2S Government 6%s A5%s 44 "' 15% ',""50 25 20% '48 3 15 $10 12 "fl 13 $18 19% 13% 18 : $15% 16% 9% ' — - — M-TX 29 29 25 Va A-0 $29 32 25 y* " J-D J-D M-S $17% — — 13% 2% J-J 2% J-J M-S 49% 47 497/a J-D 50 47 Vb 50 $Thursday's bid and asked prices; no sales A Bonds being traded flat. 49% 47J/a 49 7/a . "b 21% 21 % 15 16% 10%' 17 2% 2% 1 2% 2% 1 $109% 110% A-0 29 16% J-J J-D J-D 29 -18% 21% 1959 1919 ' 15% 45 18 $32% 1921 Janeiro 44 " 9ya 43% 34 $30 1 High - —1931 Mortgage Bank of Denmark 5s 1972 AParana (State) 7s 1958 de 13% 42 1947 —— AMortgage Bank of Chile 6s ARussian 14% M-S (Peru) Mortgage Bank of Bogota 7s Alssue of May 1927 of Low 25 43% J-J — A Issue January No.' 25 M-N F-A 6y2s stamped_1958 ' AMaranho 7s_ —1958 ' AMedellin 7s stamped —^-1951 ALima Sold 44 -44 J-D 1948 —^—1955 1953 — high Range Since Bonds of) — — Asked $43 A-O J-J April 1946 ; Jan 1947 20-year 7s__ A Rio 98% Thursday Week's Range Last or Thursday's Agricultural Mortgage Bank (Col)— - 100% 105% 105% Period y;,.:;.' ';:low 112% 52% 52% 105% 105 % A-0 Interest " , Danish F-A . Week Ended Jan. 1 107% 106 bonds ; , 21% 12 $106% 108 109% 103% 6% 20 38 $122 125 -$112% 113 109% ■ 5% 6 $106% 113 „ U- A-0 J-D 17% 46 Vi 17 15 106 $107% 108 M-3 • 3 ' -3% 1 3 §Reported in receivership. *No par value, -113% 114 M-S 97% 96% 97% 113% 113% M-N M-N A-0 76% 74% 76% J-D 80% 79% 80 Vi 1949 J-D 107% 107 V* Service— A__z 52% 51 107 5%s____1952 ; ;;■ "'J-D Wash 103% 100 & 2 1954 Debenture 5Vis New 21 nl7 Vi 15 1950 3Vis 98vi 103% $101% 102% 52 A-O 1956 2022 1979 1968 Debenture 93% 105%; 90 104% 1 16%* 15% - ; 98% 106 y8 16 16 Vi 1961 1948 5s England 103% 107 , 1947 England Power Assn 5s 99% 104 M-N 1948 — 39 107 1956 5s_— 5s Eng Gas & El Assn 5s Conv New 13 __ 17% 87 1 107 1981 2022 4Vis A 103%; 60 102% 105%: 106. 107 1948 Power series 100 1 103% 103 % $105 % 102% ..1949 107% 110% 103% 103% National Public Service 5s ctfs__ 1978 Nebraska 8i 80% 1 J-D 1945 Ltg 5s_— 87 102 —1959 United Lt & Rys (Delaware) &y2s_1952 United Light & Railways (Maine)— 6s series A —1952 Light N Electric United \:io9% 111% M-S 1957 .-1951 Mississippi P & L 5s Mississippi River Pow 1st 5s 1 102%, 102%: 102% M-3 1st lien & cons 5 Vhs— 1978 1955 4Vis 86 53 ;; .—I960 3y2s— United . :;„14% 1967 RR 5s—— Gas Light Minnesota 1st .—1965 1945 1943 .i_:—— 28 100 Va 100 % F-A .v —— Edison Toledo Extended ——1948 Mengel Co conv 4,Vis 1947 Metropolitan Edisdn, 4s E 1971 Milwaukee 79% 79% . & Mfg— Radiator stamped—— Midland Valley 94 102V2 102% 93 Vi 114%114% 115 $ 104 Vi 106% 16 F-A M-S series - 80 J-D 4s • - J-D Kansas Gas & 6s 130 77 100 Va 100% 100% F-A 1946 5s Power Water 6s stamped Kansas Electric McCord 129 38 84 ;io2 96, 67 A series Tide 108% 108%; 5 deposit-^ of Industries— stamped—— Service 5s.. Power & Light 5s Texas 6s ; ■ (Aug series A 7s M-N J-J coup)—1955 series A7s ' 10 87 $58 J-J . 1957 Electric Texas 1st 1 130 130 130 100 85% 96 "$96 96 82 112% (Hugo) 2nd 7-4s • €l Corp— stamped Certificates 93 90 . 7 19% A-0 (Dec 96% 102% 75 108 A-0 1957 —-U950 1 ;■ ——1946 inc 5s (Hugo) 3d 7-4s Stinnes 45 19% —1989 —May 1948 1951 Dec 1 1966 stamped 6s Stinnes 106% 93 /£ —. ——May 1948 (stamped) . 77 111% 111% A-0 103% 2 M-S —2022 & L 6s— P (A G) deb 5s— 6s 79% 80 $43 > M-N 103%' 98 6 111% 111% ., J-D —1970 3%s gold debentures—__™— Standard Power & Light 6s 48 99 . 1967 111 Pwr & Lt 1st 6s ser A 1953 1st & ref 5'/as series B_ —1954 1st & ref 5s series C 1956 S f deb 5%s ——May 1957 Indiana Hydro-Elec 5s —1958 Indiana Service 5s—— —1950 1st lien & ref 5s 1963 AIndianapolis Gas 5s A -1952 Indianapolis P & L 3J/4S1970 A6V2S —— 6s 102% 104% 91 J-D J-J J-D 3%s Power —1971 : Debenture . 22 108% 108% . J-D i 150 98 v (Calif)- Gas 6s___ 25 \'Y 56 $90 , 1 93 90% 53% 90 —-Jan 1949 Idaho 132 10 24 80% 80% A-0 Rys 4s——... - —1951 Debenture 106% 12 75 , r91 % 93 r M-S 106 Va 105% 108% ;v5' ,102% 101% 102 Va J-J Conv '"96% 104 27 98 $.J „ 108% 103 102% 103% J-J 92% 102% 91% 98 ; J-D M-S ——1950 .—1950 —1963 1945 —1958 —1948 91% 91% 79% 106 "8 107 Va 102 J-D 1957 5s„ Power 86% 123% 2 ,'104% 104% 104% J-J 1966 B—— series 6s , 138% 138% ,102% J-D 3s__—1965 Southwestern ! 1941 Hygrade Food 6s,ser A—„ 107 M-N —1947 Spalding 103 $104% 105% A-0 1965 3'/aS Houston Lt & Pwr 71% 4 .$103%.104%; J-D M-S —— Coal 6s_ Wyoming Carolina 68% 7 46 1 —1948 1978 AGpneral Rayon 6s A_ Georgia Power & Light, 5s— Glen Alden Coal 4s—, 109% 112% 2 77 107% 107 Vi A-0 Southwestern Gas & Elec 122 46 J-D ——1969 *——1953 A Power. 3%s Gatineau *■ • 72 107% 111% 3 111% 111 Va J-D —1970 77 . , ■f 4 46 ; 97% 87% 6 lllVb 111'/a Vb 111 A-O A-0 AStarrett Corp 1954 \ 29 103% 104 103% M-S - 'rr 72 104 104 M-S Residential Mtge Bank— 6s-5s stamped. ———1961 Florida Power Co 4s ser C 1966 Florida Pow & Lt 5s M-N 3 100% 102%; $123% M-S 116% 111 97% 97% M-S 4V2S-.—1967 1st mtge 3s_._. 125 V* 60 1 ■ 22 79% 88% 88 — Finland 'A 78% 79% F-A -1952 Empire District El 5s— Federal Water Service 5J/as 104% 106 ' A-0 Southern Indiana 69% 93 . . 100% 101 Vi 101% M-S 1956 2030 .-1956 A. $104% 107 • . M-S 6s Eastern Gas, & Fuel 4s ser , V California Edison California Gas 31/4S__—1970 •• 99% 103% 103 $121 125 81% 82% J-D ———1955 Cuban Tobacco 5s. Cudahy — , F-A —*—1944 Continental Gas & El 5s 105% 108 106% 108 1 . 4y2S-——--————1954 Gen mtge 105% 105% '.J. $102 — 107 % J-J — Southern 108% 110% _ J-J 1st ref mtge • 32% 104% 104% 105% $106 107 $114% 115 VA -$106 M-S —1951 South $109% 109% J-D ref mtge 3s ser ,1st F-A — Southern (Bait)— P————1969 2%s ser Q— 1976 Consolidated Gas (Bait City)— v; : - — * J-J Joaquin Lt & Pwr 6s B___.—1952 —1951 Real Estate 6s San 117% 122 122 $120 J-D J-D .—1979 Safe Harbor Water 4%s— Southern Consol 4 J-D 69% 84% 85 % 105% 105 % M-N 31 84% J-D 105 % t 20 100 perpetual certificates—, Sound P & L 5 y2s__—.—1949 ref 5s series C 1950 v & ref 4%s series D—_— 1950 85 A-O M-N 14 28 30% ; - of New Jersey— 86% 86% 84% 31 va -102 Va 102% — 89 85 85% 97%; 102% 11 102 VA 102 ' M-N 1956 * F—— 69% 857/a M-S E_ 5s " 102% 1950 extended series U' " Co— 74% J-D M-N & Coke Gas 188 95 $89 .r ; 97%. 104 M-N Queens Borough Gas & Electric— 5V2S series A——,—_—1952 99% 104% ,,$101% 103% A-0 M-S - 102% 2 100% 100 A-0 - 105%. 108% $108% 109% " —100 Va 100% J-S 1st 100 % 40 F-A 1955 5s— 1st, & 13% 2 101 45% 48 F-A 107% 110 F-A 1st mtge 3s__ -1964 4Vis_——1977 Service Puget 13% 4;.r 48 100 100 J-J ;; 179 100 10% 12% M-S 109% 109% 'J,. A-O _1948 1979 stamped 6% 105% 101; 12 Vi 10% 86%; 79 8 ' $103% 106% 12% v.F-A Aug 1955 1961 Power Corp (Can) 4y2s B —1959 Public Service Co of Colorado— 1st mtge 3%s—— 1964 Sinking fund deb 4s_i__———1949 Public Service of Indiana 4s—_—1969 99% 102% 101 103% Light & Power 4'/is 117% 100% 104 10 101% 101%. 86V4 flf-N J-J 1949 1951 5VzS 112% 115 12 . 103% 103% $103 109- 102%. 106 5s 5s 151% 180 101% 108% 107 106 107% 107 Va Pennsylvania Water & Power 3y»s_1964 3%s —1970 Philadelphia Elec Power 5Vis—1972 Philadelphia Rapid Transit 6s__ 1962 117 $152 J-D 1950 Debenture 5s 1958 Debenture 5s— ————1969 Cities Service P & L 5'/is 1952 • 108% 112 103 Vi 5 5 108 108 108 108% $105 % 105% Penn Central Lt & Pwr Public & L 5Vzs Connecticut Lt & Pr 7s A 114% 115 ' M-S 5s deb Park Lexington $114% 116 J-D %s Conv Pacific 14% - . 5s 1948 -————1954 1953 § AChicago Rys 5s ctfs 1927 Cincinnati St Ry 5%s A 1952 6s series >B—.'..s 1955 Cities Service 5s Jan 1966 A5 14% 73 106 109% 112% 115 M-S Elec States §ACentrai Central States P 55% Q-F 5s.——1953 1964 Power Gas 3%s El & 111 " . 7% M-N 1968 1970 —1954 2%s—i Edison Boston Vi 61 50 106 14% 7% Potomac Birmingham Electric 4'/2s • J-D —.—1957 ——I960 1998 series B. 5s Bethlehem Steel 6s • 109 Telephone of Canada— Bell 7% 2 $98% 100% M-S 1950 -M-N 12 54 V a 107% 107 Va. A-0 Oklahoma Power & Water 5s Portland -i— 54 Va 107% A-0 4s Oklahoma Nat Gas 3%s B 14% ,/ Baldwin Locomotive Works6s Service 14%; 7% v , 112'' 108% 114% 115% . , 7% 109% 106% 106% J-D 1947 . > «, 109 1C5 " 2 , __ —1962 » . 4 • $108 J-J 1964 Avery & Sons (B. F.)— 5s without warrants-- Convertible Public * < 4 13 Vb :—1968 AConv deb 5s—; ' V "a 67 ; $115 53% High —1968 —1971 71 -i- J-J J-J _1945 — mtge 3'As- 98 M-S Low 107Va $106 __ F-A -_._1948 3s___. mtge Ohio 1948 1949 1—1950 4 Vis deb 5s 1st Power 1st \ §Associated Gas & Elec Co— •; AConv deb 4V2S_i LJaI • -1969 5%s__ Utility 1st 3%s series A 108 105 219 46% 44% ,46% ; 108 107 J-J 1 January No.' 112 112 J-J Range Since Sold High ' 91 104% 107 %') 124% 130 5 $125Vi 127 107 Vi M-N 1954 Bonds Thursday's or Northern Ind Public Service— • J-J 1964 2004 5s Nor 79% 2 — AConv Elec & Gas 3%s N Y & Westchester Ltg 4s 102% 109 30 • 104 "86% 106% ' V4 95 M-S 107% 95 107 J- J " Last Sale Price Bid & Asked Period . Low 101% 106% ' Thursday Week's Range Interest Exchange High 105 Vi 105 Curb Week Ended Jan. 1 1 103 J-J 1960 3%s s f debs_——1970 Amer Pow & Lt deb 6s 2016 Amer Writing Paper 6s 1961 Appalachian Elec Pow, 3%s 1970 Appalachian Pow deb 6s 2024 Arkansas Pr &,Lt 5s 1956 Associated Elec 4 Vis 1953 f debs s January York New Range Since Sold N Y State American Gas & Electric Co.— 3VaS Bonds Thursday's or Sale Price Bid & Asked Low 2%s BONDS Thursday Week's Range BONDS York New 104 104 r Cash sale, x a Deferred delivery sale, d Ex-interest." e Odd-lot yCash sale not included in year's range, Ex-dividend. B, June 26 at 2%. Abbreviations used when issued; being transacted during above—"cod," certificates of deposit; nUnder-the-rule sale, current week. "cons," consolidated; "M," mortgage; "n-v," non-voting stock; "v "w w," with warrants; "x w," without warrants. tive; "conv," convertible; "w i," sale. Easy Washing Machine class . "cum," cumula¬ t c," voting trust certificates; THE 30 COMMERCIAL & FINANCIAL CHRONICLE OTHER STOCK EXCHANGES Thursday Week's Last imore Stock 26 Dec. to Exchange Week's Thursday Range Coast Line Transit (Conn),— Co Low 161/4 28 '/a ,50vtc—* common 13% Apr 17% 21% May 50 28'/a High 491 1.25 1.15 28% Dec 1.80 Nov 30c Jun NOV Berghoff Binks 1st preferred t c———. 100 Light & Power com—* Mercantile —! Trust 25 com—100 —— Mills Water 128 126 128 17 17 11 207 10 27% 28% 77% 77% ' Mar 129 Jan Class 277 52 ,100 pfd ser A x-w_50 Fidelity & Guar————2 52 3% 4 72 300 22 22 22 29 % 29% 30% 30 Feb 39 10 Dec 22 Central 30 Dec " Atlantic Coast 5s series A 90% 90% $600 88 Jan 92 51% 507/8 51% 7,000 42 Jan 57 - lien, 14 39% Jan 674 Jan 3% Jan 11' May 19% Jan 685 9% 450 14 15 7 ya Jan 287b Dec: 137b ■ „ iy4 Mar 300 12: 5% Mar Jun '350 10 Serv $6 Jan 14% Dec 2% Aug 4% Sep 37b Apr /,67t Feb ,, 100 5% 1,450 20% V. .100 19% Jan 57 57 58 5,000 50 Jun 65 May 12% 21% July Jan 140 417s Apr 5% • r • % ■■ 2,450 % ■ .9,800 * "4% 91 25 ,410 ;■ 20 Nov 5 200 ls/8 8% 250 7 2% 18,000 Feb A . May 8% Deq A Apr. .. 67a 71 4% , —15' /• Apr 10 , 40 23% * 72 4% May 6 Vo 16% Nov A Mar 1,250 A 91 a, 91 common—,,. ' A 5'% —* preferred 50 69% > A ■ Util com—• iiioc West 15% 67 69 y4 "IIIi Aug " 2% 5% 20 U pfd_, common— Jan 27b Aug 13 Jan 2% 5 Ya preferred—-———. Oct ." Feb 100 Feb 43 / Jan Nov 772 Feb May 10 7b Jan } Chicago Corp common——,: —,1 —, ' preferred,— Chicago Flexible Towel Convertible Boston Stock both inclusive, Exchange Alum Shaft % May 28 Apr 200 47 7 May 65 v: 66 45 10 >50 . * : 11% Ills 3% /... :■ 11% 68% 68% ,—10 common 70/ common— ■; 8'/4 . 45 560 % 34% A/,; 150 20% 21%/ 1% • ■: Dec 47 July 110 Jan Jan 4 11 % Jun Jan 70 Dft4 2% Jun 200 34% .66 Apr 96 3,200 ■ Dec July 36y2 550 V 3% 3% ' Dec 38 45 66 capital- - • 27a ,700 101% 102 common, common Utensil 38 36% - ' common Cities Service Co. Club 1% 38 preferred Chrysler Corp compiled from official sales lists 2 • : 1—1^— Chicago Yellow Cab capital——,. 1 Feb Dec 350 1% 1% Dec 6 ~ 12 14 --5 preferred Chicago to Jan. 1% Nov. 28% May 3% May '700 " . . 7a 14 15% Pub Convertible Dec. 26 13 9 167a Feb 11% May 3 Vb Mar May; 1975 5%., 4s 13% 28% 12 preferred-,-— —30 Cherry Burrell Corp 90% 1975 indebt Transit Co 100 12% 13 -III common,—. Central States Pow & Light pfd—. Conn— Line of Certificates Illinois Prior : $7 Bonds— Baltimore 650 ; Central & South Mars 30% 21% May 4% 4 .;. 28% ' 28 V2 —10 conv. Convertible Nov - 590 4'/4 common—.—. —1 Central 111 Secur Dec 4% Dec 400 4 Foundry capital Dec 53 34% 13 \ . >» common— Ring cumul 750 '•. ; .5 Brothers 5% Nov 22% capital L) 5% 6% May 13 y4 Campbell Wyant & Can- Jan 82 Mar 3% 13% Mar ■ 50 200 "4% -1 common— 50 13% 33% —5 common 9% 16 ' 5% „5 (E J) (E Piston 16 5% preferred—/— Co Burd July 2.65 Sep 16% Mar 100 3% common 49 , High 10% Aug 350 12% ___* — Corp Sons A Butler 23 % May Laughlin & Bruce Sep 1.50 Range.Since January 1 Low 11 9% 16 -1-10 corp Brawn Fence & Wire Dec 245 Warner Brach Dec 17 203 4 21% Seaboard Comm'l 5% Jan 5% July 100 21% Power Dec 15% —5 com common— Brewing & Borg Nov 57% Dec 108 60 28% 2.10 2.10 2.10 77% & 12 Mar 61/4 83 17 21% Phillips Packing Co common— U S 40 535 Z.100 — Amsterdam 3.50 July 197 Casualty—.—/——2 Preferred Penna 680 ■ V, Pub Serv—• Penn Vernon-Woodbury New 6% 50 Co West preferred 7% Mt 11% 57% 6% 207 —20 —1100 1st pfd & Fla Monongahela 10% 561/2 6% t c__ 1 common v Fidelity & Deposit Georgia Sou 11V4 571/2 v Eastern Sugars Assoc Shares High 11 common— Manufacturing Co capital Bliss ' Consol Gas Elec Co Aviation Bendix " iTs Mfg class A Bastion-Blessing 525 Low —1 common^— Belden Mfg Co common— Belmont Radio Corp Range Since January X High 15 16'/8 * Corporation Atlantic Baltimore Low ( W H) Barlow & Seelig Shares Par Arundel Barber Co for Week of Prices of Prices " Sales Last Sale Price STOCKS Sales for Week Range - Sale Price Par both inclusive, compiled from official sales lists 1 Jan. STOCKS— 3/4 / 3% Dec V)' Feb v 1% Oct ' Week's Thursday Range STOCKS— of Prices Sale Price Par Shares Tel American Tel & -100 — & Son Boston & 3 127% 124% 127"% 9% 9 I100 79% 101% 134% 105 Dec1/ 499 ■ 80% 7% Jan 10' 75% Jun 91 25 23% 22% 24 3,309 19% Apr 26% Elevated Ry.————— -100 62% 62% 63 597 42% Jan 66 Boston Herald Traveler Maine Corp——-. 5% class A 1st pfd——. .-100 Stamped class 10% Mar 14% 1st 8% 7% 8% % % . 55c 8% 1% 177 1% Apr 2 1% 105 1 % May 3 Feb 2 170 l7/s Dec 2 Jan -100 —— 1% 1% 75 1% Eastern Airlines 1% Deci Oct Elgin 21% 12 6% 6% 365 5% Jun 7% Oct 4% 4% 330 4% Feb 5% Octi Copper Range :. Co 5 6% * —; 1 % Jun ""5 ■' 1% Jun 43 1% Jun ..., 16 Jan - V Boston Eastern 4%% —10 —.——,— —— _ —— — preferred 125 preferred B,:. Jan 10c "V .100 .100 17% Co 1% 19% V- , 2% 2% 2 5% .100 pfd adjustment SS Lines, common Preferred .. •r.'t 350 9%. 1.80 July J — Morse Drive Mfg Co # • ' common Auto„ Co 37b _* 36% .—1 x2% 32% Jan Preferred z 1% Dec General Jan 95 Sep; General Motors Jan 26% Octi General Outdoor Jan 2 74 Foods '6% Dec 377< Jan 14 • Corp 36% !. 1 4% — Hathaway Bakeries class A——— Lamson ———— (Del) Corp —5 common Loew's Boston Theatres— Maine' Central RR Util .100 common-—, v c—— —1 t Oct May 20% May 29 Oct Gossard 22.19 May 3 Apr 26 Dec Great Lakes Dr & Dock 604 3 2% "/■: .320 3% 37a 14% 5 2% 2% 12C 1,215 1% 13 2% : 6% 67/8 13% May 15% 35% 5% 3 Nov 1% Jan 4 Dec 10% 14C 510 12c Dec ; 14% Co W)' (H 4 50 3% 120 87% 844 3% —1 -100 86% 86 York, New Haven & Hartf RR-100 North Butte Mining—-———2.50 Old Colony RR——— Pacific Mills — 23C 36% 260 24% Apr 407b Jan 3,750 297a Jan 44% Dec 2 1% Aug 200 4% 4% 4 . common, 247 common—. - 9% 550 17% 173/4 11% 11% 9 9V2 common 17 % 11% 3% Nov 80 Apr A 1,094 Hibb Feb Spencer Bart 4% Feb common Houdaille-Hershe.v 18 Feb Hubbell 29c Jan ;,v . 7 •:! 7 7 5% 25 25 ■ 7 :330 / ; B__„1—_ class Inc Harvey Hupp Motor Car * — CO 50 RR ———-50 — Shawmut Stone Hole capital 10 — 5 Jan Illinois Central RR common...., Jan Independent Pneumatic Tool 11 7;'. 7: 1% 8 7 5,400 18c Oct 64c Feb Indiana Steel 22c 119 12c Jun' 50c Jan Inland 18% 71 14% Jan 18% Oct- International 22% 23% 1,789 Jun 26 Nov Interstate 70c * —. Inc— 97/s 5% Fruit Co———————* United Shoe Machinery 6% Utah Corp———25 cumul preferred— Metal Warren (S D) Boston Dec 87a May 4%s 958 64 22 Apr 33% 25 28 May 65% 66% 61% 63% 44% 44% 21c 25c 89% 7% 15% 982 49 Apr >' Jun / 450 1,600 /.:/ 874 ."/. 183/B ' 103/a 4 4 Harvester common- $6 1 35% Mar 72 y8 Jan Dec: Nov 105 " Feb 39% $1,000 29% Jun 8 103% 103% 1948 May $3.50 42% 10,000 101 Jun Thursday Last Sale Price Par 104% ■ (J D) common Mfg & Co — "* Chalmers Mfg Co American Public Service American Armour Aro Tel & & Tel Co Co Equipment ,. pfd 2% :• 13 »/a Athey Truss 100 Aviation For Corp Packing Corp .40% 75 150 9 Jan 4 Apr 2 Jan 2% 1,200 13 y8 650 27% 645 90 130 544 51% •48% Dec 7 % Jan! 10% 22% 70 Jan Apr May 102% Apr 5% 3 '13% Dec 1 '• Mar Dec { 40 30% Jan 90 Dec, Food Corp -II' '■ ' / ■ pfd—— I— prior preferred,/—10 133% Jan. Montgomery .Ward 2% • Sep 4 6% Jan, Muskegon 9 Dec 1,950 % Sep 1% Jan 27% 2% July 3% Oct National Pressure % Jan National 4% Jan Noblitt-Sparks 27% 2% 2% 900 % % 470 3 3% 3% 2% 50 2,506 20 % 2% Sep Jun Dec <5^ Co common.^ Spec class tA__/ i National Cylinder Gas Standard Dec A 97a — ' 1 "'4% *vn. * -:4% 1% v." % 1,250 '74 67a • . .. I 850 150 •% 2,105 327a 347b 25 9 9 . 30 9% Nov Dec, Dec 7b 14 Jani Dec ,14 Jan! 72 Jail,' 72 Apr; 7b Nov 57a Jan '% May ?■ 19% Dec Oct 9 ■ 1% 22 , Oct Apr, Sep 7b Jan, 237b Apt 34% Dec 21 Jan 277a Oct' 10 Nov; % .100 25 ' 4% 7e NOV 400 • 20 5 J Dec 1 100 Mar 287a Mali Apr 37b Mar , Octf- A '274 July 1,200 •" % ' ■: 1 % . 1,450 -2.%' ' 2% . .NoV 8% • Dec 19 •' 650 2 8% 19% 7,050' *• -• 39 Dec 8 3/4 •: 1 34% 2,600 20 ",1% 872 Feb Feb Mar 12% Jan 16% July Mar 674 50 4 7a 7& 11 30 Dec 23 Dec 10 4% • Sep Nov . 2% Apr 150 20 3/4 - 127a Jun 120 I:-! 87» • 17% 87a 2,650 2% "4% 1 27a 8 1% Oct 16 Feb 115/b May • 40O V: 13 1% - 460 35 20 ;•* * Apr 27% 77a 73/4 17b :* common// 100 % Sep 12% t c_————* Springfilled 5% •: 97$ Mfg .common----'——--/——! Nachman Jan 250 7% 18% __100 2,300 Oct 117a 9% —'"7, ♦— 5.100 Co Apr 17 3/4 * Prod/common- III capital!——— —5 prior lien— Chemical % 8 35 —1 —— v Mar 430 50 —100 Common '/stock 1,100 400 ^ Jan 574 % :r- 23/b 'II ' Jan1 7b Feb 37b Mar 12 7, 95% 3,100 15% 7," * Dec? 41 Mar % Aug 274 97a 572 Aug Mar Mar 70 11% — . 27 20 153/b 2% *-•• — 3 '% Feb 10% % 9 ' 41- /_ 5 __ 9 % 4 450 5 774 - preferred class A Mot Feb /■• % "•4% preferred class A—.——100 Monroe 8 " 90 % • 72 9 * prior .lien. Modine Dec ll3/4 ■ 2% % ■' 47a class A conv & Hart $1 Feb 5% 900 41 .7 89 * _ 7% Miller 4 650 5 43/4 i • 6% , 9% Sep 6 6 % ,10% Mar 107$ Nov 75/b Aug 57/b 9 1 "2% Mfg United Feb Feb 3 57b •_* common common West Midland . 4 36 39% Sep 70 —3 page 37% May 250 capital see Middle Range Since January 1 Low High 9% 2% A 1 ' lOO 1,500 IIl5 common—! & Dec 1 7 Apr 5% May 1,350 '•*" 8% 374 7 $2 cumulative part preferred- '5% 12 Rad 61 % 8 * _ _ common.— common Field Apr % Mar 10 9s/b t 407b 20 3% —5 common,. ,//—_— Co Mickelberry's 5% 124% 126% ,6 (Delaware) footnotes 51 Ya 87 90 capital,—100 common Shares High common Wheel Washer Lamp-com A—__ preferred Class Sales 26 /• Asbestos Manufacturing Co common—1 Associates Invest Co common * Automatic 9% 74 7 Jan 60 # ; McQuay-Norris Mfg common— McWllliams' Dredging common— Merch & Manufacturers Sec— 9% 5% ,5 „ , common Co 40% __•* common- Advanced Alum Castings Allied Laboratories common Allis 50% __25 common Gas & Univ Material Lynch Jan, for Week of Prices Low * common-. Week's Range Oct Apr : Oil Ref'g Co capital— Liquid Carbonic common Feb both inclusive, compiled from official sales lists STOCKS- Oil common •Libby McNeill & Libby commonLincoln Printing Co common..... < Dec 25 Ext Loudon — Feb 474 547b t ''•374 Lion 39% A—1970 Nov 'Mar 167a i; % I H' V" Salle Line ser 972 25 Sep 2 3/4 May *" 470 • 1 common,, Kentucky Util jr cumul pfd_—— -50 La ■■ Dec. 26 to Jan. 1 Adams Co Co Ken-Rad Tube Chicago Stock Exchange Adams B) Kellogg Switchboard Feb Dec 1 270 ■ 7b /—i 46c 67b Mar 61 * capital—— (W Drug McCord < — Jarvis Marshall Acme Steel Co I 44% Aug 15 Apr Dec 1074 300 4% #7/ $7 preferred— Katz Ry.— _. Abbott Laboratories Power preferred Joy Manufacturing Co common 63y4 140 Apr 1% Aug 572 May 2,550 63 % 7a : Dec Dec 253 ■ 637b , Dec 15c 7% Oct 174 18 700 11% 5974 capital— Nov 50% Mar 85 Nov 15 A Apr 1 8% 77b ,•; U7# Hi Products Steel Co 6% 37% May 80 117a "" 10% 30 10 900 Jan Apr Apr 83/a 13 15/B Jan 1,163 89% 17 3% 1% July 10 RR— Street A series 310 5% .—* mortgage 4%% Mass. 10% 29% Jan 30 2172 May ' Mar 8% July 6% Apr 5% .* bonds Maine & Income Eastern 62% —100 Co V: 66% 1 Vermont & Mass Ry Co Waldorf System Inc—— 18% 60c 33% 25 Tunnel— & 198 29% Torrington Co (The)— ; * Union Twist Drill———/!.——-—5 United 9% 908 872 Mar 872 7 V4 50 % 1% //. 18 • common- 25c 8% >• Jun 750 14 <■••.•<•'/ 7// % 7 -100*. common 19c 8% * Association Webster & Machine————* Oct 57a 170 10% 14 ■, t c. —♦ v Indianapolis Pwr & Lt Oct 60c 23% —-25 Quincy Mining Co,——— 12% Aug Apr 7 , 1 ' Pennsylvania Reece Button Sep Nov ' 100 ". 74 25 9% 10 —"5 common...... common—— —1 Co 18% —-* 18 550 6 774 -25 — 101% Jan 32 Jan Dec 10 74 Jan 10% ' May Jan. 774 Mar 1,100' Nov 6% 2634 Sep • 1174 ; 5 - 4 /y 650 Jan 3 3% Mar 230 5 263/4 25% common.^...... -10 Printing Co 20c —100 —— 372 ! Dec 44 y» 2 ' New T5'b 34% , ' Narragansett Rac'g Assn Inc England Tel & Tel-— Apr /•'43% Harnischfeger Corp common— —10 7: ■Heileman Brewing capitaLi-,,,;. 1 Hein Werner Motor' Parts—— —3 Illinois Brick New Dec 441/2 common—,„. Rubber Feb 2 7b ~' 2% Aug 125 Hall Nov Apr Jan Safety Razoi1 46% 36% Goidblatt Bros Inc commoh Goodyear Tire & Feb Dec 1% May 600 Oct Jan Feb 11 . 4% Dec 1% 66c 100 10% 12c 30 300 68c 3% .... .100 Associates Nov 14% —. Gillette 7 12 41 11 4% . 68C Jan 15 3% 4% 3 j — ._25 5% preferred Mass !/ ■ — -15 2% Feb 25.99 25.85 — • 4% Mar 28 3% Royale Copper 20 405 2,747 Oct Jan '4% Mar 400 : 2'/8 common—_ 250 /; 40 27% _.— Gillette Safety Razor Co—— Isle /.// 10% 9 40 Employers Group AssociationGeneral Capital Corp,——— Gilchrist Co 5% 5% 1 ; — .9% —.. Dec •37a - 8% 100 35% ■ common- —10 Adv 14 i-" / 10 Jan Dec Oct ' ; .,10 common 5 6% . 1,350 1.5 12 Jan Jan 287b May "50 3% common...!. 81% 29% 40 /. 3% 1 Transp common,' Corp common- 10 32% 4'-/ •V'2% 200 9 Dea Feb Sep 3 . 200 General American 510 1274 Mat 217a ..1,950,/ ,'"'200 34%' Nov 9% - Apr 6% General Finance :h-V '35 -'42 Jan 6% Feb> 93 9% 6% Jan'/ 23 •: ,183A 6%: ' 9 lio ,v. 1% Dec 2% Dec Vg- Dec 27% Dec jan ,20 /• 3% ■•3%/ 22%- 23% 34% common™, Denver . 10 </ Apr 8 Jun /-/150 32% 6% common——,. Sim & Con D & D Fuller - 17a Nov . ' '< •6% 93 _ — Jan 104% Jan 7 17% Dec * 23% Fitz 32 ' Eastern . Jan 7 1% 143 10^' <32% . ."'3% 23 „ „ — -1272 ' 1% Aug : V; 300 •"'/ 30 2%. 42%:. 9% —1 .,15 Fairbanks 80 /■ • 27% 26% ,1-— 50% 17% 1,172 Aug 2% Dec, 167a Oct .14%, NoV 7 Sen 4 / 7: 71%. Sep. I3y4 Mar / 250 - i%v IV 9% common, common Inc_a— Dec 66c 41 9 '-550 140: :17%.; 14% Aug V >Jun% Feb .11% July; 10% Apr 340 • - 3/42% '• Apr 146 204 V: 43 18'A .100 ——, 75C " 42% ■ .100 1st pfd series A——.— 6% 66c : — ' . 83 2% .—5 Gardner .100 .. Eastern Mass Street Ry common— ,6% 75c 75c .7 — prior preferred-——. / 14 10% I'. Eversharp Inc common,——1„. .J_l 31 % Mayv & Fuel Associates- Gas Common 6% Co 7% NOV 1 -•145 16% / Util Corp National Watch. Co,—,, Four-Wheel East common Electric Household 3 21% RR—. -100 20 141 Nov 3 '::■ 2,630 > •' 1% —- V 474 Jan 1,120 v,79% common,,—. Dodge Mfg Corp 1% — Co Dixie-Vortex 1% Calumet & Hecla & Feb !/ 1% Providence ' 13% Preferred'i—__ .100 Jan „100 —.——' 7;/2,720 2% /10 / & Cohn common,,,—. ,10 Dec; 2% ■12% 17% 2 ———.— Inc 2% Apr 1% July 1% 1% & Lighting Deere < -100 Boston -2% 1% preferred—. -100 1st Stamped 17% Decker (Alf) Jan- class D 1st preferred——. -100 10% -2% 1% —— C class Stamped % May 4% May Jan Oct. : Jan 2 1% 83 Curtis Oct' Apr 5% 1,430 /. -"45 10% ,100 -100 preferred Stamped 7% ■<16% —30 Jan 23% Jan 350 4 - —25 common— Preferred ■'— 37 Apr 2,150 11% 3% Crane Co common,—— Nov5 —;— -100 — B 260 2% Apr 1772 14,350 7 '■■■ii'- 11 Cudahy Packing i Oct . 6% 30 ' • preferred part shares,—_ —50 c 2% 6% 2% + •• t 50 pt sh v t c class A_i_ partic shares v t c class B—* Container Corp of. Amer common. —20 RR— prior preferred——.———. .-100 preferred stamped—— -100 8% 14 13% 6% 7% —,1 — • Cunningham Drug Stores Edison Boston & common Corp„ V 21% Common Feb Boston Boston t lis: common- v Common Dec; 169 7': V Jan r" Apr Oil Consumers Co— 3% July;; Apr 94 6 Consolidated High 2% July 4,703 "105 105 Inc——— Albany RR—,; Low 100 Edison Consolidated Biscuit Range Since January 1 High 3 3 pfd— -100 Bigelow-Sanford Carpet 6% Bird Low 1 Commonwealth for Week Last Alles & Fisher Inc———. Coleman Lamp & Stove common- Sales J comnton * 9 common—,*.,,1 9% Cooker' common,—2 4% 97s 43/4 ,. 800 100 7. May 7 May 4 Feb 9% (Dec, 5 ■ Jun 10 257/a 26 200 2174 Apr 277a Jan capital—-5 227a 2372 550 1574 Apr 23% Dec common, Industries 9 474 50 THE COMMERCIAL & Number 4139 Volume 157 FINANCIAL CHRONICLE 31 OTHER STOCK EXCHANGES Thursday Last North American Car common——a—20 i'..8% Northern 111 Corp common—.—.——* Northwest Airlines Inc common--—-* 10%: Northwest Bancorp, common——-—* 7% West Util North 7 Low 6 Feb 8 500 '" 7%' ,. Apr 17 Jun Dec 100 10(4 10% 450 8% -9(4 530 67/o May ; 3% '3% 1,300 3% Apr STOCKS— common— —6 — < Parker Pen Co (The) common—'--. -10 £' Switch Elec •*' 74* ,'74 • '■2.14 At-—-t_. -10 class 45% '22 -——:—100 :: :. Reliance' 7~3:'2; Stock Yards capital—i* St Louis Natl Elec Sangamo Co Oil Standard 1 Stein & Co " , • International Swift : ; Carbide & Union U i S Air United SSteel U Co Gypsum Jan 150 A 8 July t(4 1 1,050 1,700 22% • 80% 82% 61% 63% 19% 20% 46% 48 Apr 42(8 Dec 7% Sep 10 Feb Apr 82% Dec May 63% 2 41 Apr 20% 55% 107% 150 Jun 119% Jan 2 350 * ———1 20% 16% 17% 26% 27% ; Westtnghouse Elec & Mfg common—50 79% 81(4 ; Wieboldt Stores Inc common——* 4% 4% 85% 50 ——— Cumul prior ■' :. 85% preferred /————; * _ ■ Bankshares Wisconsin • common——_* j Woodall Industries common i Wrialcy <Wm Jr) Co capital—_a i Yates-Amer Mach capital Zenith Radio Corp common ' 2-," Unlisted Stocks— American Radiator / St San ? "l. Pullman 454 Dec 20(8 Dec 25 V4 654 6% 53 6' 9 18% 815 18% 17% 10% 10 6% Apr 5% Jun . ;——■* 11 11% • 13% _• — 4% r Standard. Oil of New Jersey capital—25 Studebkkfer Corp common* 1 ( U. S. Rubber Co common 4%' sA'S • , Apr 11% 14 13% 3% _5% 5% Yellow Truck & Coach class B——U_ 1 31 7 Apr 12 Aug Jan 11 Feb 22% 23% 1,661 29 % Jan a37% a37% 12 Jan Oil ;^a*'7a'vAaa*aaa;to*aa_5 a*a- Dorn Inc— 1 4% 4% 120 * a 9% :,;77: 9% 454 7 454 9% 5% 690 aa———~a—a——— 1(4 White Motor ' — 7' 7 Unlisted—'.' 50 — - a305/a 13% General Electric 7 Glidden Co 15 10 1 N Y Ohio Iron Central Oil al4% 33 11% 11% 13% 14 7;,14 common— a48% ,7 Door————♦ ; Apr 12% Industries Aluminum . Laundry Machineryu;4*^--20 preferred——7 Participating preferred 4-**——a* Champ Paper & Fibre———-—*—* Churngold.. -a——.-.*-4:-—-„-*Cincinnati Advertising Prod————*. Ameriean ■ Cinninati Bali Crank— 2% 5 DETROIT Telephohe: Randolph 5530 Jan Dec 6% Nov 27% .14 Dec Detroit Slock Exchange -Nov Dec. 26 to Jan. 1 both inclusive, "".'7:;';,';/:'7'■' 77.7','77,,7; compiled from official sales lists. 61 . Preferred Apr 7 3 2% 228 4;' 2 68 9 4% 50 154 200 .7% 18 9% Nov 42 3% Jan 8% 18 Mar.' .16 50 ' Oct Jan Houdaille ' Investment Founders Preferred Gibson Art a—*. * Prior preferred Partic preferred „a.4—— ! , 1 common^——,——* —a—4 * 49 _a . — Rapid *1—i U S Playing Card——; 4 t ^ : , ; ; U S 11% *- ' 15'; 5% 1 . 48% 28%. 28% —10 11% 5% 1 25 Mar 37 Dec Dec 12 Jun Jan 12 Dec. 29% Mar : % Apr 42Vs 1 % Oct 286 40 2554 May 220 9% May Columbia Gas Standard For —a* 9% 9% 10% 10 *10% *10% , ^ Brands •1% '1% 1% 3,864 44% 43% *44% 390 4% 412 ' see page 36 9 3% * r Mar 1 92 » 10 • Motors footnotes —26 July 95c 1,500 78c 15 Apr 18 71% 432 1 % Mar 2% 3% 2,430 7% 7% 460 2% July 6% Mar 9 Nov 1% May 2 Dec 1% July 2%- Jan 1% 2 ■ 7 2.7.( 154 1% 81c 83c 55c 83c 56c 100 925 1,345 60c 800 55c Jun l(a NOV 80c Feb 100 3% Feb 13 13%, 113' 12% Dec 17% 10% 10% 300 6% Sep 10% Jan 9% 9% 135 8% May 4(s 4(4 4% Nov 11 Jan Oct ' 4% 4% .4% 50c 47c 50c 1% 1% 460 750 3(4 30c Jan Jan 650 1 Feb 400 45c Feb 330 17% Mar 700 51c 51c 51c 18% ,18% 18% '1 'V '. 13c 14C 60c ■IVb 15C 400 2,300 1 Jun 13c Dec 60c Aug . 5% Nov 65c 1% 60c Feb Dec Jan 21% Feb 1% Nov 23c Jan 2% May 4% Nov 1% Jan Jan 6% 6% 100 6% Dec 8 —7—1 4(a 4 (a 150 4% Dec 5% Feb —50c ——5 1% 1% 200 85c July 1% Jan 11% 11% 150 10% Jun 4% Apr 2 common. ——a——10 Motor common* 12 Jan Peninsular Prod-— Metal (H W) Raisin —;_2% —* —1 common— Paper common common Mfg common—— : 2 * —*10 —1 300 12 Jan 6% Nov 2% 971 Jan 3 Oct 27% 27% 1,295 19(4 Apr 29 Dec 14% 15 325 14% Oct 17 Feb, 6 * — common 5% 5%, . 6 -248 76c 87c 700 3 320 2% 2% 27% Rust-Proof Scotten-Dillon 5%. Car common—*—* Parke, DaVis common—— Sheller Oct 3% Feb May "62c River Feb 4% Aug 18% Jan 1———-———7-10 Micromatic "Hone Rickel 1% 2% ; 3% "7. Preferred Feb 4% Nov 7 Jan 3,515 2% 2% Nov 1% * July Dec/ Parker 4% Nov 100 Jan. Jan Aug Sep 2% May 324 1(8 3% 4 3 19c 4(8 Feb 9% Oct 21% Jan 1% Packard Nov 700 15% 200 Murray Corp 254 21c 1% Jan 400 Jan 105/a Aug 100 ■ 21% Nov Jan* 1% 6% Mar 1% Dec .44% Dec 75c 15(4 4 Motor Wheel common—a Jan 1,050 3% Mid-West Abrasive common 30. 250 9% 1% 4% * 775 154 1% Oct Unlisted— American Rolling Mill—— City Ice & Fuel,.— 4% V: —————1 Michigan Steel Tube common-a—-2% Michigan. Sugar common —.—* Michigan Die Casting Sep 30% Mar- 4% Nov M% 2% • Feb 17% 17% 1% common———1 1,808 3 Kingston Products common 17—-1 Kinsel Drug _a—— a. —^1 Kresge (S S), common*, ——-_10 Masco Screw Px-oducts common——7—1 MCClanahan Oil common—,.—.———1 Parker-Wolverine 3 3 Printing General • 1% Feb 7% Feb 1 % 3% common—-7—17_* Aug 4 4(4 common———10 52% , 2% May 909 Jan Jan 1%. Jan 2 Jan 2 . Feb .'"•50 - . Apr 835 2% Mar: May 121 2% 2 . Mar 22% . 75 ■49%. 2%. "2(4 377 , 1 1% 1%' <; 9 14% 100. . Jun Feb 25 195 11% 25 . Jan 5 '27% Feb Hurd Lock & Mfg 54 5 ' 37 5% / Hudson Motor Car, Apr June 5 21c 21c common——2% Hershey B_— —* Dec 2 , 105 - 40 5% 50 : % Dec Sep 17 109 8 (26% . ^ Y.50 4— . r. 37 27% L— Procter & Gamble 15 ■■■ 33 33 ■: 1 -7% . a—*. i, Randall class B [ 1 1 _*. —a 44—a.— Kroger Leonard 21 37 Julian & Kokenge Magnavox » . 12, 4—— Kahn ; 19% .—4—.—4*/._--100 Hobart class A— 46 21 5/8 100 % : 46 —* — s/8 ■. »_^_*4i*-_4A_*r.i„A--.--i00 Hatfield 'i .; -A——*. : 1 868 75c Hoskins Manufacturing July 450 8% Finance Hoover Ball & Bear High L010 1(8 554 21 :('■ 21(8 "9% 1 7/ Range Since January 1 High 1% Preferred Nov 65 6% May 578 18 Nov 6 Dec May. : 5% 4 f 21 3 common :7.' Goebel Brewing 6% May fry7'" common—10 .20 a——7**————10 common 1, common—7—**-—1 Graham-Paige common —*———1 Grand Valley Brewing — 1 Hall Lamp, common—7—5 , General Jan 9% ' Stove 1 —1 * Gar Wood Industries common Jan 77 6% May . common Detroit-Michigan Oct 57% NOV 137 2% 58 6% ^ •7:; 5 2 Edison 60 9% : & Detroit Jan 9% —_ common common Cleveland Nav Detroit 3% Mar 86 common_ Motors, Jan 184 7 Steel Milr.er Crowley, July 6 Jan 5% 522 , 61% I-"- 5 7% Continental ■ 3% Aug Jan 58 L——a* Consumers Sep Nov Jan 211 82 9(b 4——Ar-__10 Sep 2% 4(8 Sales for Week Shares 1 1(4 18% - 1% June 50 165 Apr. /•.,2.." Dec 14% . . 1 High ' /:/ 22 Dec .175 8%. : 100 ■- Insulation Formica % % 58 3% 59% * Crosiey Corp. ^*:—_a„* Crystal Tissue ——-.4—„ '*. :Dow .Drug *-a——-a„** Eagje-Picher 700 200 2% ~8% Cincinnati Telephone —————50 Cincinnati Un Stock Yards——— '' Range of Prices Low ,. 5% —————1 Drop Forge common 5 Baldwin Rubber common—;— 1 7 B riggs Manufacturing common * Brown McLaren Mfg— —1 Burroughs Adding Machine—_——* Burry Biscuit common 12 %c 6% Aug Jan 19 105 / . Week's Last ■■ Sale Price Allen Electric, common Jun 3% 81 Cincinnati Street— a——*>—a—50 : 7 4 *'Va45 3% ——.—5 125 a8% Ford Building Jan 19 Low 3% Cincinnati Gas & Electric pid—*—100 546 a8(4 T? """Feb Dec Range Since January 18% 17% Sep Chicago Stock Exchange Atlas % , . Oct 13% 1,047 New York Curb Associate lists > 20% // :: % % Jan 1254 Detroit Stock Exchange 46% / 10% Aug 320 Shares i 5% 20(8 American Prod prior 7% Sep Oct 3(4 Aug ■ High 5% Jan 9% 60 Members for Week of Prices Low 7% 364 a48 (4 a47 a 8 (4 55 • Nov 5 ■ ■;,4/;,:: Par 270 507 1754 A 13% Mar 250 - i Range 4, Sale Price STOCKS— ;. 170 28(2 Apr Dec. 26 to Jan. 1 both inclusive, compiled from official sales Sales Week's Thursday ' Apr July, 8% Mar WATLlNGi XerCHEN & GO. Par ;'::4r:'/"7/ r' . al03/4 alO STOCKS— -J-'") \) 2 Dec 324 •'7 a554 Thursday /,;. 3054 29(4 11% ■ ;77v 14 7 al3% al454 a5% common— Steel • 33 common**_*,A_A_^A*—*a„>* Republic Steel ,;>■ U S Steel 1% Mar 5% 125 common—_—*—** RR 6 7•■v:V'-E0 3054 * common—. common_— 15 30% ' 30% a24% a25% a„10 p- Industrial Rayon common——a_* Interlake a .'7 7;,77",. Firestone Tire & Rubber—. 5 % Jun 130 Addressograph-Multigraph Co— 10 Graphite Bronze common. _1 ; Dec 4% 303 Cleveland • 7-25 ...- a30% a31% al3 , * — 6% 150 1% 6% Refining —^a__a—_2 Weinberger Drug Stores—— * Youngstown Sheet & Tube-. 4 412 Warren ;- 21% Juiy 75 a27 a27 „a*——a--* ——— Tool 2354 —25 Works— Iron ... a—-aa—aa— Ohio-— of .777 Last 7:'/ 41 7 * 887 27% 12% 1% July New York Stock Exchange 254 Apr - K 467 5% 26(4 —10 > Dec 1% Nov Feb ■' Oct 12% £ 13% May 675 : 46% "3% 154 May '■77.' ■% Jan-', 7V1, Jan ' 2% May . 1,850 x4 y4 ; 45% 50 7 Feb Dec 7 (4 1,906 430 1(4 al65/s al634 Oct Jun 218 • —• 7 Jan 11% : 2,117 1% 77 7 Jan 6% : 470 3% 1% Jan 26 20% July 3,800 17 2654 ' Dec 990 10 Oct 7% •; 3% 1,250 Feb 2% Jan 30(4 , 1754 May 850 10:% 6(4 Mar 19 10 ■ Jan Jun 21% . 480 5% 32 Dec 1(4. Aug Jan May 5% 1,725 ■ '27% Nov 13(4 Feb 5 1454 Mar Nov 12 Oct 67 900 30% 28(2 50 1,825 29% 6 •- Apr 22(4 May 27% Jan ;; 525 •' T2" ""Tan Jun Nov 6% 3% 350 56% 16% common , 281 . 3(4 .""5 Jan 87/b Mar 2,109 25% Republic Steel Corp common i 1 -6% —-1 Radio Corp of America common Standard Brands Jan 62'4 .2%;Mar : - 45% ' , 4 Apr 60 410 14% "• ""9"" Feb 10 Nov ;./v; 350 46(8 - 30% Pure Oil Co (The) common ; Feb 5% 2y8 July 23% 24% 45% —-1/ .inc capital 2% 40 550 .. .. AUg Nov 325 Vlchek 6% Jan 91% Mar 4% Mar 550 4% : Dec Dec 1 950 19% 82% 4% Dec 85% 55 y4 50 * paramount Pictures common Apr Oct 20 400 Van Dec 29% . May 10 Electric Youngstown 100 . common ; Nash-Kelvinator Corp— .———5 i Neve York Cehtral RR capital^--ii.„iAk - 3(4 5% Interlake Iron Corp common—— Martin (Glenn L) Co common —1 , .63(8 700 58% ■• 19% • com JCurt iss-Wright General ■ Electric t Jan 50 3% '"B"——a**-^—aa„—*_aa* Sep Aug Jan 87 400 1 Upson-Walton 17(4 Nov Jan 23(4 , 3% AJa.aaa—■ Feb 40 10 /-a/v. Copper Mining.' Topeka & Santa Fe com, Bethlehem Steel Corp 11% 160 1,200 ^ 4(8 4% . 110 . 5% 57% • — 3 / • : ■■2,/v:/; 1% 5% A.2 7.7, Anaconda t Atchison 1% 5% ,1 Williams Oil-O-Matic common-—• 20% 20% ,15% May 150 85% common- Wayne Pump Co capital al5% ' 17 276 2% al5 % al5% 2 30 % 10 13% r' 103% 810 27%,, 27% 2% 37% Dec 9% 3% 10 —* Mar Reliance Dec 317 Co Walgreen 10 Mar Oct 33 100 10 a 19 9% 14% class Thompson Prod Jan iy4 - . al9% 9 7 127 10% Standard Jan 7% 164 18 ./■;7 3 54 Mar 210 35% 31% 9% * a—1 Jan 53 Aug 307 100 18 common—-*——* Refining Richman Bros.." Dec 44% May .471 '■ .■ Sep 58(4 325 4 Western Union Tel common™,——100 ' 7 35% 44 10% Dec . . ' 1% ■ Nov 2,850 109(4 112% 7- '. —* Jan 14% Dec 135 7 100 — Feb 110% 150 26(4 31% _i—— LeMur. Brass 10 15% 100 Cement Jan 74% Mar Patterson-Sargent "A--~av—A,—Au»—* ;■ Jan 29% 301/4 180 47 25 500 , Ohio Jan 19% Mar 2,200 ,A' 415 common- 15% Ohio Confection "A" **a1—i——*aa-* Nov 19 20 80 : 8 Va 12% May 650 28% Mar . National 150 25% aa,——* Jan 3 109% Nov 9% 96% 58 a26% a27 Paving Brick Nestle 8 Dec 14% , Feb 10% July 3,812 National ■' Tile Dec 9% Aug 1% Nov Feb .5 1,500 —20 capital—5 Transp 1% Nov Portland 55 al09 25% .—5 7% Sep 10% —25 — ——— 2 a35% a35% —— National Acme July 7% 7% cumulative preferred —-100 Utah Radio Products common———1 / 2 12 42% capital Medusa Metro Jan 29(4 41%. • 4% Apr .,'"7 (4 7% Co+»_*a, . 11% Nov 120 59% 954 10 -—a*a—**. McKay Machine McKee, A. G. "B" Oct 10% May 400 14 ■ al09 Lamson & Sessions——„„—_ Apr % Dec July 554 July 160 2 , ,58% Jones & Laughlin— — Kelly Island Lime & Tr—, Apr 33'/8 .. 2% Sep 750 22 % common—; Lines Jun 1,070 27% 42 30 ■ Dec % ■ 8% 13% —_25 Carbon 22% 60 20 ". 6% ' —25 Corp capitals—; Trane Co (The) common Texas u Feb May' 27% Mar' : • capital-—22—15 5 4 95% 150 12.(4 2 Nov .7%. i (4 . 7% . ' 62% 3 95% 50 — * Jaeger Machine Jan 43 s4 May Jan .7 12% Rubber—. Interlake Steamship Nov 85/8 . 854 F)——--aa,U— Preferred Jan 20 600 29%. Sundstrand Machine Tool commons—5 ' Swift-& Co capital——: .aa—."25 ® 22% a 52 Jan Feb "X 11% "8% Inc common-—-—1 Corp common———5 Dec ■/" .616 4% Apr 6 10% 95% Hanna, M. A,, $5 cum preferred. Dec 1,026 11(4 13% Warner 15% .■ 6% 50 23% 28(4 common--———* (A) Brewers Sterling ; Stewart Jan al7% — Halle Bros common—*—-aa^. Oct 14% 100 % ■:% 2% 73",./" 1% i 1% 1% capital—2b7 Indiana of 3% <B Goodyear Tire & Oct 40% 30 22% 3 10% 923: 4% 30 ',■ , Goodrich Jan 2 80 62% 4 (4 ! 200 , 7% ' Spiegel, Inc., common———-Li—2 Standard Dredging common-;———1 Preferred-. ———a—2a—a—1aa_—-20/.. ; 19 61' 57 y8 - 550 V 40% ■„■ Dec 690 95 % —a—-: General Tire & Rubber : 148 1 % Aug 450 7% South Colo Pow class A common-—-* 1 14 „ l'/a Jun 350 18%' 1 , >„ 3 7% 62% 38% 600 1% 73% Nov Oct Jun *—100 Controller High 190 6% a 1754 ■ .—*L——. Manufacturing Electrical Feb 3 Apr 140 Eaton Low 4 4% ,10% 3 Elec Ilium $4.50 jpfd— Cliffs Corp common——aaa— Feb Range Since January 1 6% : Cleveland Jan 350 38(4 , 40% 19 'Capital—/ ; Bears Roebuck & Co capital——: ; Serrick Corp class B common—-—.1 Signode Steel Strap preferred—v. 30 ; South Bend Lathe Works capital— 4% 8% =56 2 (4 * _a—*'*/ common— Bchwitzer. Cummins Jun 600 13% ————AaAaa—7A*AA—A50C/7 Mfg Co common—10 3% : :,"V^>:'30> ' - 1 250 : 70% 148 1% - 20(4 ;• 5% Jun ;v i% Sep •' Shares High 4 , ■6% Cleveland Builders Realty-A Cleveland Cliffs Iron preferred- Jun- 24% ,*50 * —— Clark Controller 47% Dec Apr Oct •: 550 . 1% ' 148 ^7 7'-'t7 Common'' ■ »: 38 (4 Rath Packing common—aaa a—a7__a10 Raytheon Mig Co 6% preferred———5 , ,6% ;; ; ■ :3% :.A;V480-; ••• 68 69% 148 • 1% '■< Process Corp, (The) common—UL— {Quaker Oats Co common————. » *6 . Jun 36 •. Preferred Nov 15 % Jan 25% Nov Dec 02 -18% 76 22(4- ■ "'3% Pressed' Steel Car common———a. r_l. Preferred ,'rX 1 • ■j'! , 1,080 V102 23% 46% 7 "22% 23% capital——aAa—. -50 ; Peoples Gas Lt & Coke capital—'—. 100 /Perfect Circle (Thfe) CoJ_— Poor & Oo class B—a——Ai*~—AJ; RR Pennsylvania . 12(4 Jun- 370 Low ——5 Brewing Corp of, America— City Ice & Fuel 77% Nov Jan 60 40 -100 -Va Jan Brass, Manufacturing-—, i American Coach & Body— 14% Aug 3%' Nov Jan % " 14■ 3% Penh Gas & Elec class A common. 700 74 ■ ' 10 150 , -2% *14; ;V '' 1 14 12% 2% 100 preferred Gr/o Penn A' 14 —5 Peabody Coal common. B——a— , Jan 6 (4 Sales for Week «f Prices Par Akron Omnibus Corp Sale Price Dec 11 Week's Range Last Dec Exchange compiled from official sales lists Thursday 11% Feb 7% inclusive, Dec. 26 to Jan. 1 both ' 16%/ 17 10 % 9 preferred—a—100 Cleveland Stock High 8% Dec 3% May 1,650 :8% 8 ■ Range Since January 1 Shares High Low Par ■ for Week ;; Range '-jof Prices Sale Price : v.v?. 'stocks-a-; '• , Sales Week's v . 77c '2 2 1% • ' 5 56c 1% Apr Mar Apr 1% 154 2,050 1% Dec 10% 10% 773 10(8 Dec * 2% 3 2,225 2 July 6% Feb 1.00 Nov 2(a Jan 2% Mar 15% Feb 2(4 Nov THE COMMERCIAL & FINANCIAL CHRONICLE 32 Monday, January 4, 1943 OTHER STOCK EXCHANGES Thursday Week's Last of Prices Low Par Tube class B 100 i% i% 1,115 Dist 2,983 2 400 1% 425 420 100 3 l 1 1% 75c 2 Apr 1% Nov Dec 3 Jan Seaboard Oil Co 2 Feb 3 Dec 3 Feb 3'A Jan Sears, Roebuck & Co— Socony-Vacuum Oil Co—- 75c 47c Steel Corp 4'/8 1 Standard Brands Inc__ 1.10 Oct Standard Oil 875 6% Mar 14% 20 13% May Jan 10% Studebaker a * 4 —25 46 —; iy8 Jan 1% Jan 2% Jan 4% Nov Corp —— — 1 Superior Oil Corp (Del)— ———1 Texas Corp (The)— ———25 July 6c Feb Tide 3% Dec Union Carbide & Carbon Corp— —» United Air Lines Transport——5 Aircraft Corp —i„— 5 United Corp (The) (Del)——— * —2 lc 3 1,000 2% 3 Nov Water Assoc Oil Angeles Stock Exchange 2G to Jan. Dec. 1 both inclusive, Week's Thursday Last STOCKS- Accessories Aircraft Petroleum Barker Eros Inc 50c Diamond Chica Bolsa a§2% % ". common 75c —1 Broadway Department Store Inc—-1* Buckeye Union Oil Co common— _1 Preferred vtc Chrysler Ice Cream Co Corp Steel Corp Derrick Emsco Exeter Oil * —— Co & Motors General Paint Gladding McBean Co "A" Co. Hudson Car Motor 8% -f; Nov 7 Oct 9 410 8 6% ■ 20c Jun 50 3% Sep 533 31% Feb 5 % . 44% Dec Feb Dec 11% Jan 26% Dec 100 17 Dec 40C May Sep 32% 900 57 %c Dec ;s\:1st 60c 60c 200 48c Jan 60c Dec ;2nd 225 3% Mar 800 Philco Corp Lane-Wells Lincoln Co_. Petroleum Co Aircraft Lockheed 6%. ——1 4% Nov Salt Jan Co_ - —— — 6% VA Apr Nordon Corporation Ltd 7% Feb Sun 25c 30c 1,666 18c 16% 1,009 15% May 23 Jan 7% 7y2 120 6 Apr 92%c Dec 8 Nov 97 %C 92%c37%c 1 -3c Occidental Petroleum Corp.———— a5c 5c 5c Oceanic Oil Company ; Pacific Clay Products——— 30c 30c 35c 1 6% Gas 1st Electric & 3c « Pacific Indemnity Pacific Lighting Corp Puget Sound Republic Oil Co. Corp Jan 30% 230 25% Mar 30 % Dec 38% 6% 6% 32 % May 40 22% Apr 32% 12 220 6% Oct 825 1.15 Jun 2% 270 6% Apr 8% t al5c 15c 600 8 8 325 3% 3% 1,475 a34% ' 37% 90 - 3% 1 50 941 7% 15c 27c Dec Union Dec ft:.'37% 24% Jan 21 % 21% 245 1 15 15c 1 2% 2% 100 1% Jun a __ Solar Aircraft Company L——— Sontag Drug Stores 3% 3% 790 2% Jun gout-hern Co Ltd IZ25 Edison 20% 5c 1,000 21 19% 2,324 32% 15 Dec 24 Jan 17c May Apr Aug 2% Feb 5% ■ft Feb 21 preferred B 5%ft 6ft Southern Pacific Oil 25 "A" • of Superior Co Oil California Nov Transcon & Union Universal Vultee Western 25% Mar 5 30 Dec Dec Jun 18 Nov 29 23% 29 1,483 18% Apr 29 Dec 49% 49% 49% 1,031 28 49% Dec 9 9 % ...6% 6% 6% ■ ■ . 380 2,589 a / 17% 17% 26 14% •' 15% —10 ,7 - 16% 4,429 /ft Mar 8% Dec 4 10% Apr 6% Dec Jan ft 16% Dec 17% Dec 10 Apr 16% Dec 9 9 ———1 6% 6% 7 325 6% Dec 1 6% 6% 6% 700 4% 117 2.10 Aug Yosemite Portland Cement preferred-10 72.90 2.90 180 6 Dec 9 Oct Lines Inc Dec 28% 32 10% 25 Oil Feb 1,186 V Air 24% Mar 15% a California Consolidated Air 23 497 15% * 2 ; Aircraft Inc Western _ ; ; Corp of Oil 460 15% (The)—___ ~~25, Company Taylor Milling Corp Transamerica 603 28% 32 29% pfd Co Standard 30 28% 28% C Co Gas 32 __ preferred Calif Apr 10% Mar 6% Dec ■'{ 2.90 Dec Mining Stocks— Cardinal Gold Gold Ore Zenda Mining Co___— Unlisted 1 Company Mining Company Amer Rad ,7 Std Sani 2%C 4c July 2,000 lc Dec lc Dec 1,500 lc Dec 5c 3,000 %c Dec 7% Jan % Feb 70 Oct Dec 1% Dec 17% 259 12% Jun 20% Oct 34% 676 28% Apr 34% Nov 44% 1,196 29% Jan 44% Dec 25% 50 21% Apr 3% 4% 702 3% Dec 5 Jan 2% 2% 117 2% Jun 3% Jan Apr •ftftft 3 ft/ Jan 9 9 275 1% Jan 27% /.ft v 3% 3% 3% 4,239 23% 22% 23% 2,743 18% Jun 26 32% 32% 127 29% Apr 32% Dec 3 13% 2% May 4% Oct Nov 22% 14% 840 14% Dec 13% 14 189 11% Apr 16 Nov 27 % 157 24% Apr 28% Nov 22% 22% '.,100 2% 200 37% 9 • 48% 50% 50 21% 22 7% May 20% May 23% Sep 3% Jan 25% Apr 39% Dec 43 Va Apr 55% Jan 20 Jun /■ft/ % Mar ft f* 7ft % May 1% July ft" 22 43 316 ,• ft.135 ft ■ a* Apr 35 Jan Jun —i—--——25. Corp common preferred $5 preferred 1,010 17% * 16% 5% a a Mar 2,029 IjT ———.—• & Jan 621 18 5 5% 27,133 102% 103% * 11 126 Vj ji 18 July 3% 92 18 Jun Oct Oct Dec Dec ? Mar 106% Jan Westmoreland Inc———10 13% 13% 87 10% Jan 13% Nov Westmoreland Coal 19% 19% 87 15% Jun 24% Oct ; — —20 — Pittsburgh Slock Exchange Dec. 26 to 1 Jan. both inclusive, compiled & •-STOCKS— : Last Par - Allegheny Ludlum Steel common * 1 • 6 9% 8% 1% 1% Devonian ———————10 Oil 10 — 9% ft. Walker Refrac Fuel Supply National Fireproofing Corp Pittsburgh Brewing Preferred com— Screw Ruud & Shamrock Oil Bolt & 789 ■i 9% 12 14 8% Sep 6% Mar 13 13% 50 50 580 £2 : 2 2 $ High 22% Jan 1 7% Dec Jan 10% Nov 2% Nov 85c 1 8% 85% 4 Feb Apr Jan Feb 60 Jan 2 Apr Nov i'.4% Apr Dec 85c Dec 23 Apr 7% May 50 Sen 6% Nov 70c 1% 30 Jan Jan Jan 9% Jan 142 55% Feb 86% Dec 340 3% Aug 5% Jan 100 86% 5% Aug 7% Jan lc 2c Jan 3% 4 5% 5% lc lc 2,000 2% 2% 1,400 15% 15% common—1 Dec. 16% 25c - 50 8%: 8% 86% 15% ' 200 28 9% 2% 1% 95 85C 15 Jan 45 395 25c 11% Jan 12% 842 25c 28 85c 1% : ' 5% ...5% 25C * May 7% July 205 —-5 —-^1 Brake 10 300 _* ■_ % Sep 8% Jun 113 2% 25 - Corp— Gas Air 5 82 8% * Manufacturing— Mining Westinghouse 1% 50 * 1 10 * ,_* common - Pittsburgh Forgings Pittsburgh Plate Glass Pitts 165 102 13% common—* Manufacturing Mountain 6% 9% ■ 14 8% —5 — Jeanette Glass preferred-— McKinney 65 2 Duquesne Brewing Electric Products Harbison Low 16% May % Mar : Columbia Gas & Electric— Copperweld Steel Range Since January 1 70 1 6 * M)_ Shares 18% % Byers for Week High IVA Blaw-Knox Co (A Sales ! oi Prices Low 17% • Arkansas Natural Gas Co Range Sale Price : from official sales lists Week's Thursday Jan 1% July 14 547; May 3 19% Mar Feb Sep ft'.'. American Tel & Tel Co——— -100 5% 6% 36% 37% 175 124% 127% 1,102 a37% 127% 755 4% 36% 103 6% Jan Dec Anr 41% 130% Dec Oct St. Louis Listed and Unlisted Securities Oct ' Anaconda Copper Mining Co Armour & Co (III) 23 % _50 5 - Corp (The) Barnsdall Oil Co 45% 46% c. & Gas 3% Jan 492 Jan 29 Edward D. Jones & Co. Oct 53 3 % 446 2% Jun 4% 270 10% Dec 13% Feb 12% 12% 100 8% May 12% Dec a33% 33% 40 55% 55% 230 28 28% 85 40% 41% 215 3% 3% 282 2% July 1% a -5 —* „ a 28% a 40% 10 -* *T% Corp___———* a9% Elec Solvents Sep 10% ——— Tractor Co__ .Cities Service Company— Commercial Oct 2% 3% 5 Caterpillar Columbia 28 % 10% ; Corp Dec 3 t v Bendix Aviation Corp.. ————_5 Bethlehem Steel Corp.——» Borg-Warner 46% 23% .—13 (Deli Baldwin Locomotive Work 3 675 200 24% 3 Atchison, Topeka & Santa Fe Ry—100 Aviation lc 2%C Corp__——„* & Smelting & Ref Co——'—* Amer 2%C —1 Stocks— %C %C lc 1 44 va 766 1% 2% San Toy Mining Gold 287 70 37% Dec 18% Jun 130 7% 67% 25% •/.- '' 6 % So California 14 Jan 75. 26% ——— Preferred Nov 10% May 3% 4% * 50 Oct 34% 21% 10 Feb Jan 2% May 5% Sep 2% 43% Feb 20 12% 134% .50 ———— Jan 5% 31 Jan Apr ——• Nov May 18% 9% 101% May 3 31 a a High 678 16% Jan 18% 15 Corp— Signal Oil & Gas Co class A._ Signal Pet Co of Calif ' Oct 8% 31 Oil • '. 1 32% ——— — ft ' Range Since January 1 Low Corp-—-1.1 Oil Y: 'ft ft Shares 1,858 —* common " Sales Nov 6% Mar 18% Security Co Units of Ben Int Shell ':V>- . Oct 2 11% 67% ' Safeway Stores, Inc 83% Dec 124% 127% 7 __5' United Gas Improvement common Nov .95 rV ®ct " ■' Nov 7% 2 Rvan Aeronautical Co 5% 20% —— Inc $3 25% 1.85 1.95 16 % High 2% preferred——25 United Jan « w Public Markets Feb Apr 32 % Mar for Week of Prices 11% 127% Class A participating-: ———* : Tonopah Mining ^ 1 Transit Invest Corp common 25 Jan 16 6% 1 y Dec Jan 3% Oil 8c a37% Warrants Roberts 100 (N Y) Paper— 8c 385 31% Dec Jan from official sales lists Week's Range Low preferred -W—-^^-^--50 Dome 40c ft, Dec Jun 340 ' • . common.. 5c 25c 12 ' ■ common—* 200 1,600 4 Dec Tacony-Palmyra Bridge— ■ Jan 23% a Pulp & Timber Co Petroleum Richfield • Jun 3c 1,000 . ft 1.90 30% Co————— —10 com—. ;, Jan 11% —25 preferred 10,565 35c Mar 23 11% 25 common— 3c 4 Pacific Finance Corp common—— II10 Pacific 5% 2,590 16% 1 . f' "19% l__34% 8% Mar 24% 570 2 compiled 34 common preferred Scott Oct % . 10 —- Angeles Investment Menasco Mfg Co 26 ._i —10 : Corp Los 6'/4 1% Mar * —— Reading RR • %. 65 200 ;_10 — Phila Elec Power 8% 26% 4% 81% 1% Light— —* Pennroad Corp voting trust ctfs—1 Pennsylvania RR -50 55c 4% Dec National Power & - 32% a% Jan 8% 1% Motors— Horn & Hardart 55c 60c Dec 55% 4% May 70% July common— Lehigh Coal & Navigation Lehigh Valley RR__i Dec 9 6% Mar yi ; Feb Jan —— Co Prior preferred Nov. 5% 3% Nov Pub General 25% * ,26% 45% May 49 * Electric Storage Battery—— . , 10c Chrysler Corp Curtis v 32% —1 Jan 1,271 8% a79% 100 Nov 4% Aug 200 Hupp Motor Car Corp——— 1 325 47% * Tel— & Dec Jun 1 4 Tel 7% 7'ftft5':7 Dec 4% . 26% 7% Sale Price 1.50 ■' Jan 206 3% a25% Dec 47 % both inclusive, 69% Mar 4% May 525 ■ 82% 62% Mar % |v, Budd (E G) Mfg Co common— * 4:',;V Budd Wheel Co——'* Oct 44% 1 . Apr Feb 4% —* Company 12% Dec 23 a3% common——* Holly Development Co Holly Oil Company American 46% 4,200 Jan. 1 to American Stores— Oct 64 43% ——* Goodyear Tire & Rubber Co Hancock Oil Dec Jun 'Sft'ft Feb 26% Par 16% Apr 17c Dec Dec 10 Jun 230 - STOCKS- 20 Jan 53% . 26 Nov 17% 17c common--——--.-* & 2c 63 44% —10 common- Nov 80c • 1,150 7% ■ 8% : Nov 1% 475 ' Last 8% Jan 150 7% 307 6 % 42% Apr Mar 19 Thursday 7% 385 17c Ltd—1 Corp Corp Apr 20% 5 1 common- Stores Fitzsimmons General ——4 Co—ft—.——5 Equip "A" 82% Dec Sep 1% 180; ; 46% 25% a8% Aug 9% May . 1,474 6 Dec. Jan 57 y8 20% a56 —* ; 100 7 6 —. Preferred 1 69% 9% 4 % 31 Jan Jan Philadelphia Slock Exchange Dec 75 c July 10 76 ' 56 ■ 5 Apr % Jan 2c 425 1 69% 6% Douglas Aircraft CompanyElectrical Products Corp— ' % 2 Dec 5% 865 ; 7% v.' 1 * _ 42c 1,000 16% 7 % 32% 840 18 7% ——5 Consolidated Oil Corp Consolidated 16 I 22% May % July, '■! 1.15 3,010 2c 17 y2 100 Aircraft Company Chapman's 2c 300 19 * Nov 1,769 7% 545 1% Dec 18% .24% —10 —— 5% Dec 10% , 31% July 42% , 62 ' ; Sen 3% 300 75c 67/a 1 Central Investment Corp—— Cessna 7 2.20 2.20 May 25 1.20 57 \2 1.35 July 200 V* % 1.15 —2 Co— Corp.— 963 16% Dec Apr 2% Dec 17% Mar High 1,945 3% 30 Steel 465 46% 81% 7 44 . 9% Westinghouse Elec & Manufacturing-50 Willys-Overland Motors Inc.— 1 Range Since January 1 LOW 1.80 3% 30 1 —— „; Shares High 1.70 pfd———50 5 % ',c Corp Oil 1.80 Company-——_1 Corp Berkey & Gay Furn Co Blue Low Rubber S. 75 1% Warner Bros Pictures Inc————5 Sales of Puces S U. for Week Range Sale Price Par Bandini U compiled from official sales lists 4 5% 10 Co—- . 41% a41% United Los Sep 10% 250 1,000 Jun 12% 61% 900 .03 13% 9% 478 2% 4% 14% iy8 Apr Feb a 60% (New Jersey) Co 2% 100 —15 Nov 1,185 482 * Nov 25% ll%Dec 16% Company-,.—__.!—* High • Jun 8% Mar 14 2Va .03 4% 20 16% 4ya 1% 360 13% . 1% Jan 538 11% 4% ~4% 23% * Southern Railway : LOW 22% —* ; of Del— 5%. Feb Jan 100 Republic Range Since January 1 High 11% 23% • Corporation of America iy8 4 common—— Radio 65c 355 75c LOW * Apr Dec Shares 50 Co Pure Oil Co- 95 103 for Week of Prices Par 4 y8 i Aircraft common Wayne Screw Products commonWolverine Brewing common— Woodall Industries 3% ft ,;v' Pennsylvania RR l7/a Mar 3% Dec 3^ "B"__ Walker & Co Warner .93 3% "B" Cooler Universal .85 - Z_i ———— Radiator common— U S .88 * common— Specialties lJ/a Aug 2 1 • 1'ftft'ft1.' Mar Range Sale Price STOCKS— High 2 Sep 10 « Investment common-—u. United 1 102 —1 Udylite common United Shirt 102 .100 Tivoli Brewing common Union Low 1% common. preferred Stearns (Fred'k) Range Since January 1 High 1% 1 Simplicity Pattern common Standard Last Shares —1 Sales Week's Thursday < for Week Range Sale Price STOCKS- Sales Corp 1% 31 Aug 53% Sep 22% Jan 33% Mar 3,011 50 200 28% Established Feb 2% Phone New York Stock Exchange CEntral 7600 St. Louis Stock Exchange Nov 9% ; Members Dec Dec Dec Jun 1922 705 Olive St., ST. LOUIS Jan 3% 8% Mar % 60% 41% 1% May 9% 9% 39% Jan Chicago Stock Exch. Postal Long Distance Chloago Board of Trade Bell Teletype Associate Member Chicago Mercantile Exchange SL593 New York Curb Exchange Associate Oct ' Commonwealth & Southern Corp _* Continental Motors Corp— Continental Oil Co Curtiss-Wright 4% (Del)—— Corp & Share Electric General Foods Co 6% 173 Jun 4% NOV 17% 27 Dec 283 6 Jun 9 Jan 1 Dec 2 Dec 22 22 2 2 317 Apr St. Louis Stock 40 2 al * 1 10 1 % Dec. 26 to Jan. 1 Dec 30% 565 22% Apr 30% Dec 35% 114 24% Apr 35% Dec Exchange both inclusive, compiled from official sales lists Nov 1 29% 35% 30% * ———. 3% -fit Nov 300 a22 _• — Corp. 4% 27 * Co——. Elec Power & Light Corp__—General 6% . —1 - Bond 27 5 1 Class A Elec % • Thursday Last STOCKS— Sale Price Week's Range of Prices Sales for Week Range Since January 1 Shares ' Goodrich ' (B F) Co___ ——* Graham-Paige Motors Corp.—„. Int'l * a26% 1 Nickel Co International Kennecott Loew's of Canada- Tel —; York Central A. Apr 30% Oct American Jan 6% Nov 26% May 34% Feb Boyd-Welsh Inc., common 37% Apr 45% Dec Brown 25% Mar 34% Dec Burkart Manufacturing common 2.50 Jan Century Electric Co— 28% 235 24% 2% 416 —• 27% 28% 612 a45% 45% 70 32% 34% 215 1% 1% 100 10% 10% 10% 957 6% 9% 9% 9% ()75 9 % * ,— RR Aviation » Inc Company a34% —5c - 1 * - Ohio Oil Company 10 9% 10 655 * Packard Motor Car Co footnotes Jan 6% *' American Dec \l % Corp Copper American For 29% see - page 36 11% 11% 11% 450 * 2% 2% 2% 1,095 Par 26% 13% Mar 60 6% Inc North 100 * Montgomery Ward & Co City Copper Co— New 26% ali Tel & Mountain North 26% 1% 7 Feb Dec Jun Dec Aug 6% May 2 Mar S. Aloe 5% Chic Co., Inv common Line Low 37 37 37 195 preferred 4% 5 37% 38 1% 1% 28% 14 1 10 10 14% 3% 14% 33% 14% 790 3% 25 15 Columbia Dr. Pepper common —* 12 12% Elder 100 1 62 62 7 7 Dec Oct Manufacturing "A" Falstaff Brewing common Dec Dec Oct 2% Jan 1.88 Mar 27% Dec 12 July 40 28% Jan 6% Feb 7 Dec 12% 5 35 41 1% 11% common 70 ; Oct ; 250 ' 13% Brew 4% ! High Dec 37 20 1—* — Low High 50 ——* — common & Sou Air 20 1 common preferred Shoe — 6% 12 Feb 14 Dec 17 Jan :' 3 Sep 4 May 200). 150 : 7% May 6 140 i 11:, 40 15 Dec Dec 8 Mar 7% Mar 13 Nov Apr 62 Dec 6% July 8 Jan 60% Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4139 157 Thursday Range Brew 15% 16 common— International Shoe 4% Dec 6 Apr 90 6% Oct 7% Mar Pacific 3 330 3% 10c 15C 27% 28 % = s % Key Co common,—— 4% Monarch 5;. " 4% Missouri Dec 12% Feb Pacific 6Va Apr Pacific Pub Serv Dec 5Va Jan 4% Dec 5% Oct Pac Dec Apr Paraffine Bearing National Candy Sterling •- 6%, 2Va 8 2 20 • — 5% v v 5%'6 /V 200 : ■" 404 24% 24 24% , 25-year Scullin Steel :jJi- nitge 5s— 1959 inq—„' —2—1964 3s -1941 —2,— 90% $1,800 53% :53% 1st conv 3,100 90% 85 — Nov Oct Jan 47 9% Feb ' y 26 * ■ V'.- 2?: 2VPar r . Accessories Aircraft Alaska Anglo Min Amer Min Co.—2, Gold Juneau ———,50c — — 1.85 -10 3c 9 — 1 ,-—20 Corp, Anglo Calif National Bank Jan; 32'% Jan 59% Jackson Byron Calamba Co Sugar i—i.y common __ 16% 3% Calaveras Cement Co common,,——* Calif Art Tile class A— California Central Eureka 21% 87 sl5% Cons. class A— Ind Chem Cons. 20% i—.—5 Coppermines,,,— Preferred Di Giorgio 32 % Oil Works—_————* Dorado 2.25 7% Co Mfg Corp———4 Products Electrical Preferred (ww) Der, & Co———J Equip. ■ 5% 18%' 5 20 J capital-—' Co. Plantation Ewa 73% Foster & Kleiser common——, 2% yy 75c Galland Merc Laundry i! —* 9 General Motors Corp common——10 44% Genl Paint Corp common—L. • 4% Oladding McBean & Co I—J * — ' Golden State Co. Ltd —— * 12% Greyhound Corp common,—'— * ! -Hawaiian Pine Co Ltd,—,—— * 13% Fireman's Fund Holly ——10 Co Ins ——I J 10 Development——: Home F & M Ins Co capital Honolulu Oil Honolulu Plantation capital Corp * Hunt Brothers preferred,^ Langendorf Utd Bk "A" —— Leslie Salt Co— —— 10 * Lyons-Magnus B Class 1 —* —; A ,_————* ——i" Ltd————1——,1 Magnin & Co (I) common..— —* March Calculating Machine———5 Magnavox Co Meier & Menasco Frank Co., Fibres Auto Company American 6% ,10 , Manufacturing Co common—1 National Natomas N. Inc Invest, 1 common,. * common,,!—100 Preferred- — Oil Cons—— North American Insurance Occidental Co —1 —* -* Occidental Petroleum Utd Oliver A—, Filters B— Class — :! 75c 19 •9 43% 4V4 . 27% 24% 24 Va 4% — 4Va 17 — - 5% -- 13% — Co., Pacific 96c 5% 91c 4% 5% 5V8 Allec — — ' 23 /2 4% -- 4% 12c Oil of Wells H 36% 351 i. 14 1,482 15% 4 Va Yel 30c Dec 775 8 2.499 15% 276 8% 8% 9 6% 6% 7 30c Dec Dec 10c STOCKS— May Shoe * 1 common Alberta Pacific Algoma Steel common Asbestos Grain preferred Corp Bathurst Power As Paper A.. — * * * Bell Telephone'Co of Canada—100 Brazilian T L & P—,. • British Columbia Power Corp cl A * Class Bruck 1_ B Silk Mills. * Canada Cement Canada Steamship common 5% * — participating For footnotes 14% —- 2 — ' / preferred, see page S6 5% • 50 1_ , Canadian Car & Foundry common V>-7% 14 141 • common preferred — 9% 21% 9 31% 1* —' 25 28 - Mining Argonaut & Armour Mining Atchison Top Aviation Co. (111) Co of Jan 11 Dec 890 13 Jun 17% Sep 25 90 24 Oct 31 Jan 25 150 26 V Dec 30 July 14% >: , Nov Cities 23% 527 23% May 28 % 2% 2% 145 5 1 .75 503 44% 3% Corp common Service Co Deb Feb 85c Apr 11 Va lc Dec lc Dec 80c 80c 200 eoc Apr 1.00 July 214 27b Aug 37a Nov 620 11% Mar 167 b Oct 1,236 478 May 7% Dec 8% Oct 9% Dominguez Oil Co • 14% 2% MaiDec Bond General & Mar 7% Dec July 15% Jan Idaho May 38 Sep International 5 Sep y • Apr Nov 40C Aug y ^ Jan Mountain Dec Nash-Kelvinator July cons Central R R cap... Oahu Sugar a Co Port Packard Dec Pioneer Feb Pullman 23 8c Motor Co 6% 10 Ve 10% 9% —10 ,.y 23% 17 203 4% 240 Jan Pure Jan Radio Jan Inc Republic Oil Co 5% Jun Riverside Schumach Sep Jan Jan 15 12V4 Mar So Corp 200 2 Feb 239 19 Jun 2% 7 V4 71/4 190 11 % y 200 6% »■ Co Ltd Oil Studebaker A Corp 5% Oct t Nov .1 8% July 4% United United States Steel ft Aircraft Corp common a 23 Dec 12c Westates 23% . Dec 5% Nov Petroleum Preferred Western . —,25 1 47% _ . 2.10 1 ... 60C Canadian Celanese *• . Canadian Range Since January 1 High Feb 13 50 common 7c 95c 1.25 65 Week's Consolidated Mining & Crown Cork & Seal . Smelting Co Apr Distillers Dec Dominion Seagrams common 14% Jan 150% Jan Dominion 25 1% 8 Glass common— & Coal B Dominion Dec Dryden Paper ; Foundation Co of Canada 4% Jan 5V2 5% 310 3% Oct 5% Dec 9V4 497 S'AMar 9% Dec 5% 31% 8 28 158 150 25% Apr 4% Mar 21V2Mar Dec General . 8% Dec -Dec Textile Gurd Steel Wares (Charles) Gypsum, common—; common.—'—. Ljime & Alabastine—— 60C Sep 24% July 27 Va 25% 4 8% 21% Mar Nov 1,893 5 Jun 8% Nov 32% Aug 39 Jan 20 25 Nov 21% Mar 27% Dec 20 Va 25 Dec 15% Jan 12 12 120 25 112 Mar 8% 8% 6 6% 1,427 76% 15 15% 15% 7% 8 76% 77 8 % * 100 135 651 • 4% 5 5% 5% Dec 4% 120 * Dec Jan July 6 26 Mar 10 5% High 28% 3 85 76 Oct 15 100 . Dec 29 70 25 ~6 Apr 1.25 250 July Oct 120 Dec 6% Jan 9% Jan 3% Feb 6 Va Dec 66 3% Jan Aug 82 Apr 6 Jan Jan 35 12 July 16 125 5 Feb 8 Dec 80 Dec 25 63 Apr 740 5 Apr 140 2 Feb 2% Apr 620 f Dec 8c 300 26% _• 8% Low 135 25 6% Dec Range Since January 1 26 25 60c Sales Shares High 100 preferred Apr Mar • * 25 common,,,———„* Gatineau Power common.—: 43 s 4C 50 Dominion Steel Dec Dec 60c 100 Dominion Tar & Chemical common,,,• 2 Jan 22 Dec F] Jan 3% 38 Dec ; 55% 22 23 Jan Jun 33 12 Oct Jun 32 '/B July * 100 1 2.10 a 14% 29 27 % 3% Bridge Dominion Coal preferred 32 27% 572 Mar Dec ' 167 ft Jun 4'e for Week Range of Prices 25% Canadian Pacific Railway,,, Dec y 44% > 4,860 27% * com Jan 47 24% 3,590 class A__* Investment Canadian Industrial Alcohol 5 Apr 97 7% 6c Low Par ... Mar v-/13 400 J Dec 9% 22 , Foreign '• 60c 100 7 7/8 Sale Price ;• 2.10 a26% —100 j" 653 1.25 Telegraph,, Oct 30% 50 25% a i——— Union 29 % 3 120 45 70 _ Mar 23 6% May 320 325 60C _ ;t 25 25 46% L—.5 common j> Dec Apr 29'% 24% Warner Bros Pictures, Oct 32 y Feb 29 Va 51/2 t t Jan 20% 14% Feb 10 15 4Va ' 20% Oct 17/ 125 47 8% Dec 4% 860 14V4 .14% • Utah-Idaho Sugar Co common Vica Company common Oct 6% Mar 4% Jun 169 v" a5'/2l • —, Oct Nov 7% Dec 16 10 a3% 5 common Dec 5 Dec 19% ,1 _ 1174 Feb 19 461/B __ Dec 2% 13% 18% « , 11% , 10 25 .. Oct 50 —15 ... .27% 140 4% J common Nov 200 5 1/4 . Guaranty Co preferred 50 60 ' 27b 25 7b 23 5e July 899 ft ... common common N 5' 14 9 Inc of Nov 24 4 Va 13% ,,.25 Brands Title 11V* 14 9 Standard Feb <: 5 9 ... Standard Nov 11% * Preferred 5% , " / Dec L50 Jan 4% 50 26 Va Oct 37i July 14 Jan a25% STOCKS— 3,00 Apr 10% Dec 9% Mar . common..,, Bd Calif Edison 9% 1.25 V: Feb 950 13% Apr 1,15 22% -S I Dec 1.50 Mar 2% ' Jan May 35 12 %y ; 12% Oct 7 % 9% / 100 —WW* ' Socony-Vacuum Oil capital. Jan Low 2 > /.'■V 6%' 105710 120 _ common. Wall 5% -' Oct 11 Dec 23 May 7% Nov 16%. Aug 10%'Aug 124%'Aug 6% Jan 18 May Dec L.25 22% Cement 1.90 ; Apr 25 55 85 .335 395 106 1,120 65 I 6% Dec 3.00 9 common official sales lists High f Jan 1.25 12 % -„10 common capital Steel Dec 2.20 3% May ; Dec 2.60 2.60 20 __ Corp of America Nov 7% Jan - 34% 6% 704 9%. 10 Apr 1.40 May 200 a9% Apr Nov 24% 327 6 V4 6% Mar 10c May 5c 3,270 1.55 Jan 24 20 : 2,800 34Vs 32% ; 60 9c 1.40 Mill Co__— 5 Va 60C May 5c 2,000 36% 23 Pennsylvania RR Dec 20% May 100 6c ; Dec 2% __1 — common Cement Dec 27% Jan 5% i Dec 27% .. Jun Jan 16 Oct Jan 67a 162 10% Sugar Co Ltd capital Ola * Dec 24'/a Sep 10 ■ Jan 555 1.40 _ Co Preferred .. _ Aviation/—'• American Pacific Jan 3.7 4 Nov 6% a 5 American Dec yw- May 90c 30% : i ' Mar Dec 1 i Nov 30 Va 28% 8c 5c Corp 17 15% May 91c Oct i Jan 2% 257b July 6% * City Copper 31% 19% July 3% Apr 1.75 ( Oct 387 23 .1 yyyyp/ North 8 Apr 90o m 10% May 5% & North 15% Feb 30c Y N m Nov 54 4 & Dec 55c Jun 24 j Navigation Co July yy 14 Sep 12Va 22% 1,045 2,100 28% a * Montgomery Ward & Co 14% Jun Apr 28% * common 14 Mar • common 30% 29% 293/a Jan 47c Aug % Nov 34 Apr 20c 235 1.90 2.75 > 29% May 24% 1,070 2 30 y 2.85 Corp 9 . /8 Va Mar 6 Copper Dec 33 y 5% Kennecott Feb 40c 10 International Tel & Tel 44 V8 Apr 23C » * Canada,, 6% 8% Mar 10% of Matson ■; / . 23c 1% Co—— Nickel 16 % Mar . 105 ...10 . Mary Mines Corp m 3'%. Apr 6 _ 6 735 33 6% Co Oct 3,10 V Jan 7 33 33 . ... 7 ■ 32 30c 1,090 Dec Dec V 8% Nov 31% Nov 6 19 Va 73% 12 66% _ 15'/4 6% 7 6% .... Share Electric 5 12 32 L-i 9 _ Dumbarton Bridge Elec » Oil" Corp 3% a3 Curtiss-Wright Corp Nov 8 Jan 8% .,,10 common 6% Oct % 200 2,196 55c 9 Va j* _ 41% Jan i.- Dec % lc — _ Consolidated Edison Co of N Y 2 Jan « Trading Consolidated 5% I 4% lc 50c 51c -2% Sep /• Oct 27 b May 9 1 Sullivan & Jan . Dec 52% 200 % 1 Dec 3 Jan 29 % 115 % 3 Dec 3 Jun 1.75 1.15 Mar 100 46 3 Dec Jan 4 Dec 2% 625 3 1.65 - 46 12 ' Nov 297 2 23% ,5 88 Jan Dec 129 3 b 24 . Mar Jan 6% Apr 1047B 210 9 Preferred Jan 3% Sep 7 Pac Apr May 3% 956 6 127 3 124% 3% Cal 5%' 9 270 Apr 270 Del Nov Hill 5% 31% 8 28 May 6 5% a & Santa Fe Corp 23% Apr 3,65 1,867 Oct 205 s Berkey & Gay Furn Co Blair & Co., Inc., capital 3 VA- Dec Mar 23 % 33V8 ... Bunker 3.1 for Week Shares 2 13% Mar a 50 ; common. Oct 12% Aug Range of Prices . 377 Apr 101 6% May a32% * Jan 4% Oct 11 11 50 50 9% 9% 21 21% 14 14 140 141 :■ 14Va 14%. 23 23 — 700 ■ Jan 2.00 Oct 659 Sales Low Par Agnew-Surpass '■ 14 .,100 Tel 15 Aug 15% 10 Dec 9% 55 25 S25 Sntry Tel & Anaconda "Copper Mar 22% ■■■'- St & 76% Mar 226 15% 17 Jan 237 14% 50 Anglo Nat Corp class A common 27 Nov Rad 23 Va . Dec 11 9% 14% Dec 6" ' Mar 6 1,060 Feb 96% 237 237 10 10% May 12% 23% 22% 20 25 Sep 5'/4 Jan 10 283 600 Week's Last Sale Price . „ 10 15% 15 Dec •Nov 72 c Jan 4 15 ' 86% Jun 7,335 10 Jan 55' Dec 1,150 1 both inclusive, compiled from Thursday 35 6% 6v4 6% Feb 29 Jun 95 6 V 18 Va Mar ' 355 Dec Nov Unlisted— Am Montreal Slock Exchange ".y 2,550 Nov 4 io ■ ' 612 Dec 18% Jun 10% 625 , 15% Series 2 American 1,740 23 j - soc¬ Last yy/'y . 15% 1 Dec 18 12% Aug 94% 95 —— series Co Jan 18% 21 Jun 9% 30c : "•1,177 29 28% 50 Checker Cab Feb Feb 43 Dec 14 Apr 5% 10% Mar 293 10 Steel Co 16 -3 V4 May 230 9% pfd— Dept Stores 7% 25c Apr - 18% 36% ' 1 Western Pipe & : 800 25 Agricultural Co—— Dec 13 211 ~ 4Va Fargo Bank & U T——100 Western 12c 1,100 25 Oil—. Consolidated ■ ■ 3% 15% 15% 2 California 11% May 8% Jan ' * Co Apr 21 Thursday Dec. 26 to Jan. 15C Oct 2.10 Dec 6% 13% • ■ 9% 774 ■ 14 ■ 3«/4 36% 10 American Viscose Corp 6 ; Dec 1,095 7% 7V4 14 _* Dec 184 24% 10% 3% A Dec 2% Mar 1,650 1.10 ' 1.10 — 10 ,V common Oil 3% ' 24% 10 , * — of California Corp 1.25 Dec 4Va 250 : Dec 26% 1.20 Aug 1,000 ' Oct 5Va V 2.00 y * 18 1,576 96c NOV 11% 31% " 772 474 5% 110 25c -yy 150; / 1.85 * common common 18% May 188 1.60 1.60 5 Va 5% 13% 13% 11% 11% 1.60 26% v 2.00 ———w Dec / Dec 11% 900 y Jan 65 Apr 24 1.60 Mar 60c 2,100 25 .> 15% Jan Mar 556 26 Dec Dec 6 8 18 Jan 4c 4% 17% 25c 25c 27% 25% 1,203 50 16 % 16% Mar 30 ;; u, 103% 6c 600 52c 6V2 Jan Dec 3% Jan 1,50 286 Feb 16 :yy 1,974 14 54/,;:- 15% y 7 7 6% 6v2 17 y1? ; 15% y Apr 3% 14%..yy- 155 52c 50 11% May 43 1,669 4% 600 8% 100 12% -\y 977 13% 3% 6v4 14% Nov 37% Feb : -:i' 2 Va Mar y 610 44§ 54 15 — Dec V / 7% 90c 130 , July 9c 9 Jun 10 44% y 24V2 100 — 23 10 7% >•' 7Va 10 yy ,— s32 100 — ' preferred 5% % 75c 8% 12; 14Va — 7,.' — Aircraft Corp . __ 1 Libby McNeill & Libby y —10 LeTourneau R G Inc, Lockheed / ~20 Co . — ' .. •/. Dec Apr 85c 2.C0 2.25 450 7% 8 .y 525 7%. 7'% 221 12% 13% 1,070 35% 36 285 5 5% 220 18v2 19 y;£.vy 50 72 73% 47 12% 5C , —— 6 3% 21 Waialua Oct 3% Dec 85 134 32 Va 32 — * Emporium Capwell Co. common, Emsco y5% — :___100 , Doernbecher El 10 Fruit Corp common Preferred 3% Dec 101 !'„■ Apr 22% Mar 62% Spring Valley Co Ltd! , 2.20 5% x,*zo. - Mar 72 305 ——,15 Union 6% 3%.y-y 1,500 lr.va81 Va 78'% 81% —* 1— 11 70 ,,<■ 36% 11% Union Sugar common.,—— Apr /2c . 200 . 703 14 % 91 3 Yb % Mar 62% Prefererd 1% -a 287 440 4% 14 . Apr 2 11% Transamerica Corp, 1.35 July 4,600 140 20% 3% vy • 3% 11 Va l0'/4 common^——5 .,. yy, Nov 22% 62% Standard Oil Co Range Since January 1 y ■ low High 1,088 21 4% — Creameries of Amer Ine common,——1 >;■/ Crown Zellerbach Corp 21 20% — 34 1,095 1 Inc Stores Southern Dec -900 86c/ 94c 15% y 87c 2% —1——25 * 1,692 3 Va s36V4 —,* Vultee Aircraft 150 135 2,200 200 8c 4c 4c Co common__l Mining Edison 22% y 21% y Columbia Broadcast System A__ Commonwealth 25% 25% — * 1 Packing Corp common Carson Hill Gold Min capital,—— 3% 10c " 6c 6c ,100 common—. 3% 3% —* /■-—; Mills Cotton 43"..',. 43 * — "B" Class Calif. y,_ 100 Preferred Dec 32% common,,——,1 Universal 100% 101% 60 1.50 1.55 600 15% 16% 505 3% 3% ■/ 1,550 1.25 1.25 y.-, y; 450 100% 2 * 20 Bishop Oil Co— Nov 25% Signal Oil & Gas Co A * Pulp Co common——5 Nov 77% July „ 3c yy 2,200 9! /. , 1,055 6% 1,530 3c 8% -6% • - 6% Imp Diesel Engine—,——5 Bank of California N A 80 Atlas 27% Mar Soundview Oct 94 official sales lists of Prices , Shares LOU) High — . 1.75 1.85 yy. 1,700 3% 3% :.44y 420 Bale Price STOCKS— Mar 21 89 14 89% —100 — Bros Safe for Week Range Oct 22 168 2% 25 Shell Union Oil Nov :~y, Sales Week's Thursday - L ■///■■.Last' 30% 210 3 Ryan Aeronautical Co———1 Exchange both inclusive, compiled from 1 " 1,125 27% 25% 31% 32% * — 30% 27% ——100 Warrants Roos Jan 21 Jun • 82 . \: i,7oo 87 ; San Francisco Stock 5 24% Mar Dec 25% Petroleum Co common Thomas Dec. UG to Jan. 30 % common Tide Water Ass'd i 30% ,_1 Rheem Manufacturing Co———,_1 Richfield Oil Corp common,, Bonds— St L Pub Serv Dec .——25 —25 ——25 _• —; Preferred Republic Feb y;Cy 7% Apr Nov y/ 8'/a July 6 ' 21 •* 2% 10% \ Dec ;";y5y 205'!' 10 Dec 6% Dec Aug 18 % July ."s" 115 2 20 •: 24Va preferred & R Co Ltd R E Feb 43 ' 60 . Apr 15% common Rayonier Incorp y % May 6 5 43 7 8 1 Nov 1.35 825 ' /// 4% .14 2.90 Puget Sound P & T common, Oct 14% Nov Jan Feb 2.55 3,339 common.,,— Jan 17 Aug 9% 23% common—j— Go's 8% 7 2.50 2.50 ——— Tel & 115% Jan 5Va 135 8'/a 4 9% 590 6% 8 ' -..——215 common Jan 43 pfd i ,—100 common—————;—* Inv< common....'....' * Electric >, Tel 7% July 22% Light Corp common 1st preferred 15% Mar Dec 110 Va 2 Alum- common——_1 Wagner 9% 20 115 v 13% .14% ;/y '.:202V-' Inc Stix Baer & Puller common,,——; 100 ,2. Steel Securities 415 6V2 Dry Goods common,——— Scruggs-V-B 17 Dec 12% 10 115 2 14'/a — St Louis Bank Bldg Equipment com—3 St Louis Pub Serv class A com———1 Scullin 12 12% 10 12% Metals common——* 1st preferred———100 Common Rice-Stix , 120 250 23% preferred— preferred——, Dec High 7% 8% common—25 1st 1st Low 7% 8% Pig'n Whistle preferred——,——* Cement com—25 Portland National 5% 5 404 //V Feb 13% 100 15 13% 15 .20 common-—-. 4% •4% i-5 32 9 112 5 common.,———. 5V2% May Range Since January I High 8% ■ —. T,* 5 Aggregates 1st preferred Dec —5 common common 4% 190 Knapp 6 % 10c 26 63 9 Jan 4% July • Co Pacific Gas <fe Electric Co July 6c 1,395 32 Dec 2% Mar • 1,300 28 common,, 26 35 28 3.:'\ % 4% Steel Coast 330 6% Johnson-S. S. Shoe common— Laclede Can 4% 15C ,100 Laclede-Christy Clay Products com. Amer Pacific 26 28 Hyde Park Brewing common,— -10 Hydraulic Pressed Brick preferred. .,100 —— Pacific Low Par Fisheries Dec 16 July 4% Huttig S. & D. common-....,—— —5 ____ 12 75 16 Shares of Prices , 'y-.'' High 6% 4% Hussman-Ligonier common.,^. Common Low Sales for Week Range Sale Price STOCKS— Range Since January 1 1 High Low Par Griesedieck-West Shares Week's Last for Week of Prices Sale Price STOCKS— Thursday Sales Week's Last 'j' THE COMMERCIAL & FINANCIAL CHRONICLE 34 CANADIAN MARKETS Last Hamilton Bridge Gold Hollinger Howard Smith Hudson ' 665 2% Feb 8.75 700 5.80 Oct 12 12'A 140 98 98 99 112 2814 28 28% 12 * 11% Toronto Stock Range Since January 1 4% 8.50 * ——-—100 Bay Mining-,- Shares 4% _5 Mines Paper common— 8 Dec 10% Oct Jan Jan Ltd Oil 22 Apr 12 International Nickel Canada of International Petroleum Preferred 7 of Can pfd_——£1 Imperial Tobacco International .* —... Power com—* Ltd— Co 33 ♦ 17% 16% Dec Dec Jan 6% Jan Alberta, Ltd, John A & Sons, 17% 36 11.'A Mar Power Steel Massey-Harris Corp — Mont 'A' r-- Aldermac 95% Dec Amm Gold 19% 15% Aug 20 »A Dec Mines!400. Anglo. Canadian 13 Dec 8 Jun 13 Montreal Breweries —1 Preferred Car Niagara Wire Weaving 60 5% 300 6'A 100 24'A 20 Mines Mines— Mar Bankfield Cons Mines—,——! Dec 24% Montreal- 23 161 12 Apr 24 Dec Bank of 25% 125 21% Oct 26% Dec Bank 36 .4 100 35 Dec 39% Jan 37% 38 165 29 Apr 39 Dec ——„* 15% 15% 25 ...* 38'A 39% 2,470 10 Sep 17'A Oct 52 Base Metals Bathurst Class Feb 35% Nova Jan Bear Scotia- — Car Ottawa 22% 22% Aircraft.. 4 11% 4 24'A Sep Nov 3 Placer Price Corp of Bros & Regent St Canada Ltd Co Quebec Power Mills Class A Corp 7 Dec Blue 6 3 Mar 6 Dec Sep 11 Jan Bob jo Apr 14% Dec Bonetal 13 preferred 13 34 preferred St Lawrence Paper 6 : 34 Shawinigan Water & Power—L 16% 59% 60 Co of Canada common..— Preferred Wabasso Wilsils 15% Jan British American Jun 43 Jan British Dominion Broulan Porcupine Mines. Buffalo Ankerite Buffalo:; Jun Dec 17% Bunker 14'A. Aug Hill 3 80c Apr 3% Oct Burlington 2% 85c Apr 3% Oct Caldwell of 115 Sep 130 15 118 : Sep 141 ; 143 74 125 .—100 Bank of Canada.— 10 fi< 132 132 72 116 Montreal Royal 128 130 : Oil both i-ddiyd 0 Week's Thursday Last STOCKS— of Prices Feb Sep 188 Jan Canada Sep 153% Jan Power 6% Paper.common—_—* 0". 65c & preferred Aluminium 100 ; Permanent Ltd. * 4" common Bathurst Power & Paper Co Ltd Beauharnois Power Dist. Brewers & American British Columbia Canada & Oil Co Ltd— Packers 5 5 17% 17% 18% 50 17% 18 470 82% 82'A .":4-4:4T 0.0 '•/;/' * 17% 0* Ltd— 9% -4 44V 18% of Vancouver Ltd—5 British 3'A 9% *'-0.-^;4.4- ■ 50c 100 , 4 4 - 600 V .. Sep Central Pat Can Nor Canada P Corp Ltd 7% Wire & Canadian Sugar Co——* pfd— —100 6%% pfd 100 Investments Ltd_.r* :."4;-.wAi '4 Cable General Canadian Industries Ltd class B 107'A 107% 4 6 1 Marconi Canadian T/c Vickers Co—— 75c 75c 25 45c 3% 3% 50 25 25 10 Commercial Alcohols Consolidated Paper U—.-. : 44.4; Ltd 2% .—*4 Ltd 2% 2% 350 3'A * common Corp 3% 3'A 1,376 2'A 25 Engineering Works Ltd * Dominion Oilcloth & Lino Co Ltd—V Woollens Dominion Donnacona Eastern * Paper Co Ltd- Dairies Ltd Aircraft Ltd—. Fraser Companies i Voting International Utilities 300 50 . ■ 300 Power & Paper McColl-Frontenac Melchers Mitchell, Robert Mtl $3 Noorduyn Power Jan Collingwood Term common_4——4- ;4A May 8 Dec Jan Prefererd Coniagas Coniaurum : Consolidated -0-; Mines Nov ► 3% Davies Petroleum Delnite Dec 25% Feb id Dec 2% Dec { Dec 2 Aug 4% ,,4-44,,4„. Mines— Walkerville 26 26'A 19% 19% 20 Apr 13 % Dec 3% Mines—; Dome ; » Dominion Coal preferred.. i„■■ Dominion Fabrics common.:., i Dominion Oct 5c 20c Nov 4 i 11% Sep 16 __25 Apr 15 Dec 85 Sep 95 5 Stores Oct Dec Eldorado Apr Falconbridge Nickel Mines,4_, Apr 16% Dec Fanny 3% Dec Fleet Dec Ford Co of Canada class <A4—4 $1 Easy Washing Machine 2 Mar 86 73 May 86 36 30 Oct 36 Economic 4 Jan 4 1 Jan 2 • Nov -50% Feb Steel Gillies . 0 Dome East Mines ' '.vv. ' 1:> *v 5c- * Ltd • ""j 8'Ac 600 42c 42c 2,500 1,000 20 50 1.10 5c j- ■. 1.20 5c 19% •' ... Malartic Mines Limited- 8'Ac ' 1.20 1,100 7'Ac July 21c 2c Golden Jan Great Oct 2.24 Jan Bousquet Lakes T Francoeur Kerr Gold Addison Mines Gold Ltd 20c _ Mines Ltd—_ — l ■••• 44 100 4.70 200 2.90 Oct 4.70 Great Dec 1.75 1.75 200 1.00 Oct 2.22 Jan 15c Oct 41c Jan 4 22 Gunnar Jun 6% Oct 3 Apr 6% Dec 83 Aug 6% 6% 4 40 2% 8% 8% 105 1.22 1.13 1.25 74,350 4 4 05c 100 8% 700 2% * • 21 73c . Mar 76C 80c 2,685 32c 3.00 3.15 2,519 21% 21 21% 2C ' 275 2c ' 2%C , :4:..v04-t. 3'A 2,496 197/a 19% 7 7'A 15 15 ■ , 5:4 1,000 ,2C , 14c 17.600 9c May lie 10c lie 6'Ac 15c 500 15c Dec 2c 2c 131,600 2c Dec ::v',». 3C 3%c 8,000 lc May 1%C 1%C 1 'Ac. Apr 3'Ac Jan - : 7c ; 6,000 » 500 . 7c • 1,000 4-3 'Ac s 4 65,-. / 4C 70 11' 3'Ac 14% " 3%C 3 'Ac 15 12C 6,000 common-. Mines-*. 1,158 12c lie •-V- Dec Oct 4'Ac Oct 4 l%c Dec ; 7c Dec 4 . 2% July - ——I Apr 15c 10'Ac 7'Ac July 5'A . Jan 11'Ac Sep 14% May 4, oct. ; Dec 4c 20c 4 J.'A Aug - common,,* 0 Saddlery Nov Dec 8% Oct 15c 2c Dec 20'A 80 44; NOV 13C —I ■. Nov 20% Aug 210 2%c 14C 1 Dec 3% J Apr 2%C 4;".c^0 ^ «; 4 Dec Dec 2%c . Sep Mar Jan Jan 22% ; 1'Ac Apr 61% Jan 3.60 14% Mar 125 , Dec Dec 80c - Apr Dec 2.30 Feb .442% 85 20 77% . 4 4,200 3% 19%. 19'A —50c — 9 2.25 Aug 15 May Dec Dec 2% v Oct 80c —1 90 2% Feb 4;4 21.4 .DeC4'4v 25 :- 5 21 107% 6% Mar 3.15 * vt p 90 •8% . : 6% V 90 x._l Paper Gold Dec 4 f.;0 8:4 100 Gold—— preferred West Dec Dec 16% Feb 4%c Feb 13c Jan ■' ■ Malartic Goldfields ,4 0- 5 Mclntyre-Porcupino Mines Ltd 20c 4.70 ■; - Jan 7% ' ' Feb 15% : 16 V* Apr 103% Mar 515 Dec Dec 191 Dec 21 v Sep 5% 1 —44 Grandoro Mines Dec V 20 Sep 7% Jun 107 —* Mining Feb 20 10% May 135 Jun 6c 27% 5% * ; Mines Jan Graham 55c , Mar 9»A 5%' . 1 4, Mining-,. Gate 17 %c Jan Apr 9'A — Eagle Nov Sep 21 68 . 9c 30c 2'Ac Jan Lake-Porcupine 1 Mines Ltd——,4—4—'• 5c Apr Jan Mar 6'A ,1 preferred— Wares—^ 46c May 10% 73c 39 132 7 July 8% - _4—— 16%c Oct Jun 20%. 8% Lake Gold Belt * Jan 10% 20 25 —; Goldale Mines Gold « 92c .18 Class: B,^^!„i-i,_4__-_^——4* God's Mines- Aldermac Copper Corp Ltd Canadian Malartic Gold Mines LtdCentral Cadillac Gold Mines Ltd Trust! Mines— Aircraft General - Jan 19% Investment Gold : Gatineau Power 5% 1.30 Dec Jun 18 Va Mar 19'A Feb Oct 20 ,4——1. !_■ Farmer Candy Shops Federal Kirkland—0, Dec 4 19 Dec , 6 0 Dec 470 —20 Eastern Malartic Mines 3% Feb _,4—— Dec 86 Nov Preferred Apr 3% preferred..— cum : / 2:-0 6 1.15 Aug 7% Dom Woollens & Worsteds Ltd com—* Dec 1.05 Sep Dec 107% 107% 100 16% 40 Jan Dec 9% Dec 4 12'A 12%: 4:. 20% ,• common— 50c 6% 0, - —* — 75c 2 78c 25 4,4; Jan 48 2.95 -100 Dec r Nov 1.50 Jan 7% — 7Dominion Tar & Chem; Feb 10% ": 300 'i 142 142% 142 Foundries & Steel com,,—* Preferred 3% Dec . 4,—100. Dominion 1.25 20c. 32'A Aug 125 Feb 0:4 1,000 ' ,* 26 13% 2 10 %c 10 %c 10'Ac Jan Dec 109 300 7% Aug 48 264 6 9 % 1,000 235 1.25 791 122 40c Feb H___* 38% 121 3% 11% Ltd 37% 3% 70c Worts 37% :40C. 25c Brewery Limited Walker-Gooderham & 43c 3% 12% - 2,350 4—1 Dominion Steel class B 4 80c ■ 61 —1 Dominion Bank Dec 6% Sep 60c j 9% :. Dec 135 500 Distillers Corp—-Seagrams common—-," Oct 1.75 Mar 6 6 •9% 4 ' 2% Dec 5'A 88 6- 4 1.30 Jan Oct 1.30 July 44 c Oct 210 0 9% Smelting— 'Gas (Toronto),--4444444,100; Consumers 45c, • 60c 70C 80c v 0* 4„4, Consolidated Dec July 6 60c u* i Bakeries Dec 36 3,625 ; dA'.Sd „5 1 70c — 90c 6%tt 'v4^'0;; C ; < 4 — Mines,4 j - • :. 50c pfd—_100 6% non-cum part 2nd pfd——50 Quebec Tel and Power. Corp A——-* Sarnia Bridge Co. Ltd B ———* 85c V Co 16% 1st Jun 8% Plow 70c Aviation Ltd——: Corp of Can 6% Nov 60c 8 20 : 8% Dec 22,850 25 -0 ' Jun 49'Ac 78c Mines— Jan 5 7,200 74c 3% Feb 46c Oct 3,079 52c 77c Gold Dec 8'A 1 Willans Dec 4% NoV 8 ! Cochenour 17%. Oct ; 20c y 15% 12 52c 8% 1 Dec 27 1.65 Jun 13 4.300 Nov 200 20'A 16% 45c Apr July 2.40 2'A Mar 16% 41c 9% 3 6V2 ■ 0,-2.35 50c preferred—————_—* cum 35 100 4 2.4Q 16% 4 Dec ;—* 6 * Dec 28 Chromium Min & Smelt 95 Company—-.* trust——.* 12 Dec 29 21% Mar Jan 6 vot 15 3% 8% Mar 25 15 Feb 00% Def Sep 4% Mar 22 Oct 93 Ltd Power. Refrig & Storage 35 24% - Aug pfd_100 10 28 8 . 60 215 36c 14% pfd 396 10% 13.200 14% cum Jan 7% '* pfd——100 Limited Co Island Montreal 6'/c Oil Distilleries 22 -68c 14% Mar 16 Apr 51c 85 16' Co Massey-Harris Co Ltd 5% 16 11% —25 Preferred MacLaren Jan 65 C8c 1,030 600 30% 3% — Jan Oct 28 % •28 '00;v:- Dec 25'A 28. . 4 67 Dec 60 .7%. . 28 Dec 93/a Feb Chesterville Larder Lake Gold Mines_,l 20 0 19% Jan 14 Nov 3'A 12c 28 Dec 87-, 130 4 32 Aug 3'A 12c $ ^ "• 27% Dec 26 48'A Aug 4c 90c Apr 1.50 20 60 21 6c 12% 1 B_ 2% 25 25'A Mar 1,000 19'A 00-V 19% Trust——* class 13 2% ->'p00 * Ltd 625 44 4% -404 , 13 d d0.00 * A ; Ford Motor of Canada 24 2% 4% {dfi: S'~' 7% preferred—100 Fairchild Aircraft Limited —5.00 Fleet 24 2% 24 5 r ; * — 25 300 206 21 • A—_ Denison Dominion 9 Jan Dec 5%, July 4-4: May. 32 31%. 22c 110% Sep; 4 0 5'A Feb 3.000 Nov *> Jan 1.90 4 74 3A 7c 161 6 % Mar 21 10 23 : 1,20 v Apr Oct 12c 85 Apr 00'4: >;40^-. 1 16 Aug 4 12c 108% Oct Ltd cumulative preferred-.—___;_100 35 146 440 94 '0 ' 33A 12c Corp ' Canadian -. 11c 79% 125 60 '1 80c 216 90c 20% Dec 127% 5 . 3,974 ; 18% July 32 Dec 17% Mar 8 Dec 9Va 9% May Dec 67Ac Research Dec 8'/a 1 Mar Apr' 5c 14% Dec l%c ii 13 148 Mar Sep May lc _.l 5'A 8 lc 11'A 4 May 148 Jan 2.80 Jan 1,918 24% 10% j. Mines- Chemical [,'■ r'>/{ i—* Apr 61c 7y2 May 5% 4 . 1 Central Porcupine Mines Jan 75 29 a— ■ Dec 97/a 106 July; Dec. Jan Oct 35 9% 1.14 19% - 4 3y4 13 18 Jan Nov Apr 9% 20c 20 %C 27% —44,! Apr Cockshutt Dominion Mar 9 75 1.10 ;'«,w 2 com Mine3 Gold 5'A 91c 2,000 ' • * Jan 13% -i' 2 Ltd Pacific; Ry; Castle-Trethe wey Dec 110 5c 1'Ac 9.30 14% > 21%c . 18,700 r 14% 9% % —' Locomotive Canadian Jan 32,825 21% 3C ;. Co 13 5.200 .4 0 common^—, Alcohol Jun 4V2 Mar 3,065 ^•0; 4,~ —____ 4 - 550 Apr 12 %c 32'Ac Jan fan 17% 4;-v.;; Oct 6*6 50c 9 5 : class 9% 20 4.40 10 19 125 Dredge Indus 10% Oct 385 17%; >4;'04 Cw0-:- preferred—^ — Dec 032% Feb Mar 2,220 1.61 • 1.50 656 ' 60 5c 7.50 44c 4 Canadian Malartic Gold-— Mar 75c Nov 80 4 High .-4. May 3% 307 3'A * 4 .4, * 14. 14% 79%. Cable, class. A Celanese Canadian Can Range Since January 1 300 7.25 ,4^4444—,—_4i,44444_i. B Canadian :,4 500 5% 107 107% 107% ''B'%_* Corp, Ltd-- 70c 5'A 26,720 9 —100 — Canners Jan 10c 4'Ac Mar 25,050 24 common Breweries Nov 150'A Oct 10c Dec 110 Vb 0: Oct 9 Dec Jan -15 Aug 30 Dec 94c Mar 23 8cio%c .— & 5 25 1.55 w Mortgage—— Steamship Preferred 44, Low 65c 04 5% ■ 123 10% ' ' Canadian Car & Foundry common High 76 111 9c 9% 4 4-Preferred -^-4,4-^-44—— Can Canadian Low 100 9,116 29 10% A——, Apr Jin Class Shares \V 110 5% .Canada Packers 3 Va Feb 12'Ac : 6V2 Aug 9%c 1%C , class Dec 145 Jan 14'A Oct 15 Jun 9%c Jan Oct 110. common 150 for Week Range Sale Price Par Abitibi Sales pfd 152 r- 4 inclusive, compiled from official sales lists :;4.4;-4|; 1.50 21/ic 14'A Ltd Foundry 255 Sep 46V2C Feb 274'A Aug 1,700 Jan • 2nd Calmont Montreal Curb Market 1 5c 12 •••.; 188 Nov 10'A - 5%c Jan 40 Oct / 36,350 140 141'A v _ Mills Oct 65C 46c Calgary & Edmonton Corp Ltd. .Canadian Jan. 44.04 1.50 08'Ac — Dec Class. B to 63 55c . 0 Dec 15 - Dec Canadian 26 2,000 14 -4,4 ,Sep-4 212 7 Vac 1.50 17% Steel Linen Canada Wire Dec. 200 ^ v 1.60 Extension— 13 Oct 100 Commerce- 10 3c 2'Ac 225 228 10 %C 11 VaC 21 22 5% Mar 100 Bank of 125 5 : Building Products Ltd-- Dec 128 (Banque Nationale) —100 Bank 25 . 13%-; 5c 70 50 Canada Canadian 5,425 8,600 142 4c 142 14% Canadian— Nov July 10% Dec : ^'0'.; Ltd— Mines 65 Banks- Canadienne Gold 35 13 "i Oil——— Dec Jun 67 20 9'Ac 9'Ac 4'%C 8c . 29, , 17 17% 13 common. Jan 7.50 , 63% Feb Mar Canada Cement > Oil 49% 20 Ltd Oct 2% — 1.47 ' 2% B Oct 00, -4 Ltd—,—— 67 ...— Preferred Zellers Mines, 17% •— Winnipeg Electric class A Class Bralorne 49% . Cotton Ltd— 75c 46c 64c Brazilian Traction Light & Pwr com— Brew & Dist 12% 6,841 10c Dec 58 1.40 9 V«c Jan 24'A 1.32 1 6 i Jun Mines-,——1 2 ■ . 4 - Ltd Gold Mar 3. 8% ; 17 Steel Mines 1.00 Aug ■ 2c 1.50 —- 11 r Feb 11 %C preferred————-—50 Blue Top preferred-—10 9'A 6 1'Ac Ribbon 13% 1.80 2,500 110 Jun 1.75 l%c 9'/2C 5 5% common. Jan l%c • 141'A 9'A common.. 4'Ac 100 7 Dec Jun May 7c * Bell Telephone of Canada— Sep Dec lc 2c j—100 ; Dec 13% common- ——— Knitting Lawrence preferred 7 81 6 Development Power 2nd Jan May 52 16 Vic Mar Oct 34c Bldgood Kirkland Gold——1——_,1 4'A Mar 4 : I . 'Ac 700 13% o'i\ 79 7 Dec 1.000 ','J' 81 " 7 81 - 2 '/a 2%c > .228- -1 6% Power Preferred 1,000 " ' Ottawa L H & /. 23,781 lc ,4 V, 225V Beatty Bros class A———— Dec Dec Jan Nov 46c -r-00- Beattie Gold Mines————1 Ogilvie Flour Mills common Sep :-.0>v 9%C lc, * Radium Apr 7c 85c 7 2%c 0'^ * & - 4%c — - Exploration 21 Vb Sep Nov 3 Vg 4 My ,——100 Mining Corp Ltd& Paper class A 690 7C ———100 Pow B 0; 100 of Toronto-: 4 75c 48; ;v 52 -, 1.36 1 Bagamac 150 /- nr:' i ^,4 • 1 Bank High 175 45c 0" .4 ,__1 Dec • 2 .' j*'"'y*' Dec Low 5% 2% T .!4- ,0 48 9%c 1 Ltd 5 % ■ 0^"* 4 ' • :•* 6% of " v=' Vi:0.1:': 5% 2% Apr 2% May 1,044 Gold Aunor Dec —_ -^iV, 600 ' 100 —— Mines 36 • Noranda Mines Ltd 65 Quebec Corp„_ 23 25 Corp 24% Dec Copper 25% » —„—. Steel 50 6'A 100 common.-— National 65 ,5% • Tramways National 65 Range Since January 1 80c 70c v,; * Ashley Gold Mining— ; • Shares Hwh Low -4' 100 _4— ■ Dec Jun 6 ;0p,;0.v'* Par common- Aug * Light Heat & Power Cons_ Grain 2 * i 4 — 13 • • preferred—-100 —— — 19'A * Oil McColl-Frontcnac *1 Paper common..._.-» Pacific Astoria MacKinnon & preferred Preferred Dec 17% Sales for Week of Prices 1 '4.-V'0: Abitibi 87 6 Week's Range j Sale Price 95% 6 '•;;;* inclusive, compiled from official sales lists Last 7 Apr both 1 Thursday 12 Apr 29 Jan. STOCKS- 95% 4. 100 Lake of the Woods common-————0 Lang, 33% 32% 0 common-- -— 6'A 26 to Dec. 28% 7% Mar 7 Exchange Jan 14 100 Sep .:0 93% 545 5% ■V Imperial Unlisted for Week .*■ of Prices -4 ■ \ Preferred Range Sale Price Listed and - Sales Week's Thursday STOCKS— - Monday, January 4, 1943 46%, 46% 400 57c .4 57c 3,225 33% Oct 45 Oct 75c Lime & Alabastine—„• Halliwell Gold Mines-- Dec 36c Gypsum Feb _i - .- .* ec . ■- -.- . i':0 v.-.5 •; 5c 2.25 4%. 50c .-•i. %c Oct- Dec 6 'A c Jun 1.30 4% -45c 51,000 .4,.400 - 6C 2.25 5'A Dec • O'Brien Gold Ltd Nickel Ontario San Mines Antonio 10'Ac 9'Ac . .1 Sigma Mines Mines (Quebec) Ltd —1 Ltd-- ■'-A j 0 I' 4" ; • . 4 ^00' Siscoe Gold Mines Ltd—— -Al 38c AA 28c Sladen-Malartic Sullivan Mines Consolidated Ltd Mines 17,800 9 %c Dec 13 %C Dec 1.85 300 1.30 Oct 1.85 Dec Hard 1'Ac 500 65c 65c 5.40 5.50 300 38c 38 %C 4,800 Calgary & Edmonton Corporation Ltd.* Oil Co Ltd..—_—4——...» Royalite Oil Company For * footnotes see Limited—* page 36 — — — — Aug 87c Jan Hedley Dec Hollinger Consolidated Gold Mines—5 4.15 May 5.50 25c Oct 49c Home Jan 1,500 15c Oct 31c 38c Oct 65c Jan 2.52 Oct 2.68 Jan 1.85 4'' 1.14 1.14 500 95c July 25c 25c 300 15c Apr 2.60 2.67 875 22 25 2.05 Julv 16% Aug Oil Howey, Gold Feu 22 Dec " ,1 Mines • 2%c '4 4'S0W.4.4.U t"<8;45- 3'Ac 36c 36 c .8.45: 8.85 common — A 1 2%c . 4 44 500 v, 1,830 2%C 3'Ac 7,000 22 160 18 %C 28'A 28 28% 158 158 160 11% 11% 12 11 11% 11'A — 14 %c 18%'C 27c 11 28c 11 4- 2,660 1,170 4':-.rV\ 9 2,177 385 1,000 145 2% - Jun . 3.00 Maar 5'A Dec Oct 55c Oct 4 %c 20c ; 26c 1'Ac .. 3,500 5.750 • 100 14.700 2.69 100 _• ,4 . .2.60 » Metal 130 * 21% 2.60 1 Oil Preferred 4_: i 50C V* Imperial Tobacco of Canada ordinary.5 Inspiration Min & Dev 1 International - ' 1 * — Imperial 2.70 —r4 Oil & Gas.—.4..: Hudson Bay Mining & Smelting Imperial Bank of Canada '4 4 Dec —4— Honey Dew Ltd— 1.15 Dec 25c 4 Mascot Gold——j—_. Homestead Jan 600 Mines 2.40 _i 60c 28c 22 ... Dec 4.\. Dalhousie Oil Co Ltd——; Mines 1'Ac 63c 100 Gold July 2.52 A * Rock Harker Gold 27c Oils— Home 400- • lc 61c Ltd- Wright Hargreaves Mines Ltd- . 11c 1.83 1'Ac Gold Mines Ltd— Shawkey Gold Mining Co Ltd Sherritt-Gordon Mines- Lt4—44r—44,4.^4,—1 Hamilton Bridge ; —___t* Hailnor Oct 36c Dep 10.50 Jan 5.75 Oct 2.07 July 2c . 2.70 Jan Jun Feb Nov 6'Ac Apr 16 Jan 22 12c Oct 21% Apr 145 Oct Dec 20c Jan 28% Dec 204 .7% Mar 12 9'A jun 12 12c Oct 5 Aug 86 Oct 'A Jan 31c May Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4139 157- Last Range Sate Price STOCKS— of Prices Par Nickel International Preferred Jack Waite .** 17V# _*_1 Ui '—1 — .—1 International .12c Petroleum————; Mining—** ***.-i Jacola Mines Ltd—**—*_', Mines Jason Kelvinator Canada of Kerr-Addison Kirkland Gold Mines Hudson,. Bay Lake Shore Mines ; Laura Secord Lebel Gold Little —* B„ Macassa — 62c * 86c _* 20% '• A___—- 19 2.33 — 1 _ Lake Red Madsen Malartic Manitoba 1 Mines— 1.59 70c -%c Preferred L —- — Preferred 1 _ McKenzie Lake Red Gold McLellan Graham McVittie McWatters Mercury Mills Mining Corp of MonetU Moore Mines—— Corp Heat & Pamour Mai Mines of Gold 3% 1.15 27c 24 44 6 11% 37% 6%c 45c 1.00 38% 3c 74c ' . Gold 71c Jan %c Dec 4% J. 10% Apr 33 Fireman's Fd of S Fran new__10 72% 75% Dec Firemen's 5 9% 10% Dec May 24% 7 28 23c V 50c Jun 36 25c Jan 20c Feb 6%c 16c 85c 31 %c Oct 2c Aug Nov 2c 1,800 Oct 98c Oct 4% 3 .1.63 1.79 30c 30c 2%c 2%c 132 133 21% 21% l%c 2c 200 3,000 ; 28 50 >'/;. 1,500 Mines——1 66c 90 86 — com*..* > — 4 4% common * . Contact —.i_.I--.v-. Mines—„ Mines, Ltd—****.—-1 Sylvamite Gold Teck-Hughes Gold Mines Toburn Gold Minps— Toronto Elevators General Toronto *—■ i ( % 1.90 56c preferred...——.50 Trusts. Union Gas Co of 100 ; l?c Class B Dec Sep 65 May 25 '•*, 90 Upper Canada Mines Ltd Jan Apr 6c Oct 1.40 4% Mar, 63% Nov 70% 87c Jun 1.96 • Walker-Gooderham Preferred & Worts Canada Flour Preferred— Westerns• Ltd Mills Preferred Mines > preferred— Wright-Hargreaves Mines Gold Ymir-Yankee TBotids-r' War ' ■ '/•• 2c 2c : . Mngi.8%c 70 2.60 7c 99% ... , 9%c V .• - . 3 20 70 2.40 \. 3s_———1949-52 > 2nd Loan 5% . 7 7 . Toronto Stock - Dec. 26 to Jan. 1 7 Oct 41c STOCKS— * Dividend 25c Shares —1 Fund—* Balanced Fund-*-.—**—*—1 Stock Beath Bruck Son & class A_* Inc..—. • Financial Industrial Fund, Inc. First Mutual Trust Fund—*-B 14.18 15.27 1.45 x4.49 7.66 3.10 16.11 3.84 3.54 1.59 5.02 Mar 7; > 3% JuiV Dec 7 5.00 Sep 50 Apr Shares A—1 2 Inc Invest Fundamental Trust Shares A—2 Jan 22c Fundamental Jan 21 Trust Foundation Jun Apr —10 Fixed Trust Shares A f.'.'i 1.24 Jan 1 :i /Sep 3 40 • — 3'/# Dec / Agricultural Automobile Jan Aviation Jan * Consolidated Paper Corp * Consolidated Sand preferred.. 3% • 100 Corrugated Paper Box preferred—7100 7 Dalhousie Dominion Oil Lake Pawnee Pend 100 Jun ■ 25%c27%C 5 23 23 12c 15c lc lc 500 .1 Mines HO 1.04 1.10 2,935 4%c 4%c 2,000 l — see page 36 " — 15c __ 24% 25 1 1.83 Series 1958 Plymouth Fund Inc 1.73 10c 34c 39c 1 11.29 12.07 —lOo 4.20 4.95 1 2.88 3.24 .*♦ 77.57 79.13 7.40 8.08 Fund—* Quarterly Inc Shares , - — Scudder, Stevens & Clark > Inc.— Fund, 6.34 Selected Amer Shares 5.78 Selected Income Shares .1 6.04 Sovereign Investors.*** 7.49 Spencer Trask Fund, 3.83 State 6.17 3.92 1 * * 1 5.29 12.11 62.65 1.98 4.37 1 1.86 4.88 5.36 4.43 4,87 —*- shares 2.54 2.81 2.68 2.96 4.07 Equipment shares— Utility 5.37 4.42 —— Petroleum shares— shares , 5.26 3.96 * 3.69 3,19 *—*— shares—. -— shares. 2.54 — 8 Dec A Huron Holding Corp 5% , 3.52 2.81 * Investment St 2% Corp Super Corp of Amer AA 3.40 5"88 12.87 67.32 Trustee Stand Invest Shs— ASeries C ASeries D Trustee * —1 Stand Oil 1.79 Shares— ASeries A —1 ASeries B *1 4.74 5.04 Trusteed Amer Bank Shs— Class 25c B Trusteed Industry Shares 25c 34c 64c 72C Dec Income Foundation Jan —10c Incorporated Investors 5 Independence Trust Shares • 3% 81% 69 27 %c 25 Feb Apr ...1 U S El Lt & Pwr Shares A Institutional Securities ^ B 10.85 Dec Bank Group :1c Dec Insurance Group shares 1.75 Jan Co of America—10 Investors Fund C — .1 . 11.90 70c xl.02 shares shares..— Dec 15c Investment — 17.21 5.9U 11% 1.24 1 13.26 14.62 Ltd— Aviation Group 4%c Dec C Wellington Fund Dec Jun B Series 1.23 14.64 1.87 * 5.45 1.35 15.74 2.12 Series Common 22.43 15.73 18c Fund Inc 23 .. 10c 20.57 United Bond Fund series A Dec 1.50 Mar %c Dec 85c Aug 3c July (Geo) Putnam High ■" Feb Mar " ' Aug Aug Mar 15c July 20'% Oct 19% July 2c Sep 2,500 lc ..100 1 7 footnotes 3% 80 65 2.14 5.61 3.55 Equipment RR Range Since January 1 3 2.18 * 6.81 7 shares Railroad 4% 1.00 1.55 75 50 100 225 705 7 50 . 4 * Mines Temiskaming Mining 3% 80 65 • * 1 1 * 5.51 —' .7 General bond shares— Investing *-*,— ; . Low: 30 10 23,000 „ Kirk Oreille For __ Bridge Langley's Ltd preferred Osisko . > Co...* 5V2 1.50 —*• 1 1956 5.25 shares shares Chemical Dec Tobacco -.5 8 5% 1.10 5% —* 1953-***. 1955 5.48 37 % shares 4.01 Building shares.*— 9%c Apr 99% July ~ Amer Trust 3.86 4.95 3.47 Oct 2.90 Oct 4.88 shares.. 22 - Electrical J ***** Republic Invest Fund— 80 May 7 Sep " 8.84 4.49 4.97 Group Securities— 2%c Dec Apr 6 67 2%C 6.27 9.96 3.49 *.* Series 6.97 8.04 — Steel Series 6.86 4.28 Dec ;.f 9 % July iy4c Sep Sales " 27.97 3.97 General Investors Trust Food shares High .. 26:01 Capital Corp..——• 1 General Dec 12 B Dec Mar 1.80 * 5.85 8.64 6.33 * ******,— ... 5.31 6.23 9.06 Dec i Mar 75c stock Series 3.60 17.65 4.63 7.52 5.69 Oils North 9.51 7.85 , . No Amer Bond Trust ctfs Fidelity Fund 5.01 8.65 6.83 stock Railroad equipment Dec 7.89 4.54 *% Railroad Jan 4V2 7.17 * 17.17 10.28 6% 10.98 Inc— ... 16.16 7 9.68 :10% 5.85 10.18 Metals 22% 7 74.80 18 Shares 8 * Silk Copper Co (. 5.34 x5.28 1 — Insurance > 3.87 x4.84 Electrical equipment 1.11 6.28 X3.48 * Chemical & Howard- 1.12 X5.70 —. Fund '/ Machinery Eaton 5.62 Building supply > 21% 36 England Bank ■ 5.20 Equity Corp $3 conv pfd—*—1 for Week Low 17.16 4.60 1.01 —2.50 — 2.92 1.02 5.20 __l Automobile 2.95 1 D 9.12 series— Agriculture . 24.48 : 8c; 15.87 —1 8.82 priced bond series New York Stocks — ■ x3.87 22.77 Apr r 111 8.20 Preferred stock series..* iMass)_8 Nov 18% of Prices Sale Price Par Coast x25% • C Steel - __ Low 16.89 x8.34 —• 25o series.^ Income 7.58 3.45 18.16 Securities— series B shares Bond 6.89 10 Inc voting shares— (Md) 31.90 2.90 Fund—1 National Investors Corp. National Security Series— New 100 2d : 1 Trust— Fund Invest Nation-Wide 26% Equitable Invest Corp 3.00 $2,000 Week's Investors Diversified Trustee Shares— Feb ;,3.00 40 Range Last Investors Mutual .,. 117% Mining shares.. Thursday 10c •; 2.23 V 24% 10 shares B preferred Delaware Fund Nov Exchange-Curb Section 7 - 9.64 2180 142 3.49 3.79 28 % 30% Dec 2% Mar both inclusive, compiled from official sales lists -7 • *_10o Mass 8.91 100 Merchandise shares.— : — Common Mass 2.90 . Maryland Fund Inc 3.30 26.37 Aviation ' 99% Sayles Sec Fund—10 Jan July 2% Mar 2,500 445 i 55 10 5,618 13,500 77.70 Sayles Mut Fund——* Loomis 8c Dec 29 198 76.15 31.26 Loomis 22.50 12.66 13c 7 4%. Aug 3,200 21c 20 __ 100 —2.55 ; 76 /Apr 375 2%>'?%:.v-v' 2% __ ——.100 (Alex) 58 Sep lc 220 ■ ; 5.87 Feb May :8c 40J 173 11%..12'-100 11 % _* i , 5.33 Knickerbocker Insurance— Forster A7% J.an 1.10 July V 37 r 1 —— 2% 40 Winnipeg Electric class A—__—__■* Wood 20%c com...* common—— Wiltsey-Coghlan 19% . 48 19 ....—100 / — 47% . Wendigo Gold Mines—lr ; 20%c Western 2.34 63 13.105 2,070 3,397 f 3.35 8.39 Fund—_*.**. 5c .**7 ; 14.39 137 common—10 preferred—^ & ACommon Jan 45 70 435 , Forster & Cumulative Trust Shares Jan Oct 12.37 11.57 .* A8% Jun 3c 1.98 Oct 1.18 240 . 94c 4.40 3.25 , v —* 1.70 Oct 45c 100 3% 83c 3.35 com . Oct 11.20 10.52 1-86 Crum 13%cMar Oct 98c ' 2,415 4% 4.30 4.40 * Ltd.^ 7c 1.05 l%e Mar 14.03 *—* S-3—_*—7.62 S-4 X2.60 Jan Sep 8.37 12.82 S-2 2.23 Series ACC ACrum Jan 3 16.15 *— — Series mod-*——_**—1 mod —1 Series AA Jun 65 24.78 7.63 ^ B-4——* Series Accumulative series——*—1 Dec 57 955 Ask 29.62 ' -- 77 Dec 4% Bid 3% 1.86 Dec 7 f>; 7% 32'/2 K-2— ... B-3 (Colo) Jan Mar 4 : Series 1.96 Jan lc 3% . 92c .1 — Mines, ■ — ... K-l -1 AA—... Series Dec 49c 34c 4 32 .. . • 5% Series Corporate Trust Shares—...1 Jan Oct B-2— ; 4c 2.97 13.38 Consol Investment Trust..*—1 25c V Oct 13 %c Series Dec l%c Mar 97c — Series 2080 100 Preferred 17 40c 6 32% 27.01 22.58 xl4.67 Par " B-l_ Series 11.00 . —1 Securities com—100 Christiana 20c ; July 310 -40 6 6 83% 7 Keystone Custodian Funds— Series ,7 2.70 24.52 Fund Ltd—7*1 —• Jan 1,600 6%-,r 6% te-v. .50 — Waite-Amulet _ 30% >- 1 Commonwealth Invest——1 2.05 v Mar lc 5 Fund Chemical Jan Dec . .-i.i.i.® United Steel Ventures, Ltd, . ' "B'!-; United Fuel Invest class A / % Canada class Corp , .. Towagmac Ejcploratioif.. ...i*.l jLJchi .Gold Mines;.......... .1 United 1.45 1 1 *—.*— *2.50 .>%>>;;% ;,V ' • Sud 49% 79% Manhattan Bond Fund Inc— Jan 4c Oct 57c 105' 31% 47% 20.81 11-54 • / Century Shares Trust 7 >%>• 29% 4 10 Fidelity & Guaranty Co..2 Guarantee.— Westchester Fire—*. ;!. 420 2% Ltd.**——*—1 Fund Bullock Canadian Inv 1.30 61- U S U S Fire .7 U S 58% 410 ,—100 * — 11.40 4% v preferred——** A6% Dec 7; 22 12% Mar 67 67% 80 1.64 1.70 30,310 12c 12c 2,000 1.45 1.45 ■ %,. 150 2%c 2%c 1,500 1.40 1.45 1.055 1.77 = ;'1.90 5.92555c,:> 56c ; 2,300 49% 49% 6 6868 13 13c 13c 1 200 8c 8c , v 4,100 Travelers 56% 10 Series Jan 2%c 59%% — . 124 % Standard Accident Jan 4 . __ — 120% 2.36 10.23 1 —-1 7*— 3c 2c —.25.;/ < V Steeja Rock Iron ^ines....—1.69 Sturgeon River Gold.: —'—..I ' — , ' Sudbury Basin Mines..—...— Preferred . 37% Springfield Fire & Marine—25 2.77 10.41 Shares—2 Oil Stand ACommon Dec 1.10 - *. , * 42% .35% 16% 15 % 2.53 Bankers Nat Investing— Jan 7 2%c ——__1 — 44% 10 ——10 New Haven; Security Ask x2.15 Apr v. 7 155 9c Assoc Axe-Houghton Fund Inc.—. Jan 3.20 7 Sep 7' ...1% Corp.—10 39c; Apr Sep :, 268 258 St Paul Fire & Marine.*—62% Seaboard Surety. 6.52 7; 6.00 Foreign Investing.lOc American 4% Feb Nov 1.15 Holding Broad Street Invest Co Inc 1 %c July 9,000 ;, 1 Jan 16 6,100 28c 71% Jan 115 105 39c 25c ' 90 38c . —/>:// ——_1 8c 1 %c '7,678 66c : . 57c Oct 97c 7,250 64c 69% 10 Jan Aug lc 14% 7 5 Basic Industry Shares**—*.10 Boston Fund Inc.— —-5 Oct 30c 19,826 60 1,000 29% 13% 2.20 1,825 2,525 ; 210 15,100 20c 17 lc 27 % ..10 Fire 2.35 Oct 1.00 3,500 56c 4% 18c 44% aAmerex 1.35 Jan 1.75 16% 93 41% American Business Shares——1 May 7; 23c Nov 41c 1.25 , 90 ——10 Affiliated Fund Inc Dec 4c %c • 54c 20c 24% Aeronautical Securities— 4%c Dec 2'/8C May 12c- 1.91 23% •7%^7v/iv7'7;:77;;"y;,/7>Par 777 Bid Jan 14c 9.900 1.80 ———10 Fire 21% ■ 113 Oct 5c 1.10 1.90 27% Insur Co of North America Jan 38c K->ep 103% Dec . 26% Home'———5 Jan 1.60 — Jan 90c Sep .. 1 ...5 .... 25% 20% 4c 7. Apr 2V8c Aug 60c 1.20 ; 8% — 5% 24% 10 (NY)_*_*.__2 Jan 52 7 Oct 1.75 1.74 16% 38% 7% American— 4% 10 Corp (Texas) —— (Paul) Fire 1.04 Jan 1 1 14% 33% 31% Jan 85c 90c , 86 v Jan Oct Oct 90c 40% 83 Xl3 39% Dec Jun 6%c NoV 25c 200 38% —.10 *.*..10 *7*.5 Dec Oct 23c 15% Homestead Jun 11% 99 Revere Jan Sep 87% 95 __25 .....*—..... Reinsurance 28% 36% Hartford Dec 45 Indemnity Co 3% 83% *.*..12.50 Fire——, 44% 5 & Hartford Steamboiler Inspect._10 29%c Jun 19% Mar 7 —5 Fire Hanover Jan 20c 3 Preferred Accident— Marine—__10 Great Dec 4% 23% 5 —... „— Providence-Washington —10 Globe & Republic Jun 1.40 22 Phoenix Glens Falls Fire. Gibraltar Dec 14c 16c 27J/# 42% 5 Fire—*—. General Reinsurance Corp.—5 Jan Oct 12% 2.50 River..: 5 Republic Franklin Dec 1.04 Jan 100 514 36,100 500 290 2,576 1,000 2,462 2c Newark— of Dec Mar 11% Fire.——— Pacific Dec 3c 42 % York Pacific 54% 47% Oct 30% 40% Casualty..: Northern 37 39% 5% 23 % Hampshire Fire**—*10 Northeastern 29% 35 52% 39 14,500 4,100 > 500 1,000 27%, 37% 6% Jun 4l/2c4%c 16% ..10 21% 28% North 20% 10 85c 11,100 78,900 —:—1 & Materials Connecticut General Life 18% 7,15% Continental Casualty...——5 ' 25 - 10 Jun 36c 5 10 — Fire Assn of Phlla—*; 95 .'■ Oct '7: 2 Fire City of New York—. Federal .. Jun 1 Mines... Camden 2 ..*..*.10 New 537 517 Dec 15 - 2% May 74 —. Dec ■*■■■ Apr 162 157 20 _■*, Brunswick— New 71% 3'/aC . Fire Union Amsterdam New 7%, 11 . Apr v:/. 2 % Dec 2.22 Oct 8% 58c 2%c i Canada Co of Jan 34c 83c Standard .Radio Steel 1.68 3,000 89c Mines Paving Oct 48,460 i C. Sladen-Malartic Mines Lake Jan 23c —1 >> "Preferred'.-— 2.85 63c 57c 2%c Simpsons Ltd'preferred...*.—.—100 Standard Oct 4% 45c 1.00 39% 3c 76c 36c 20c Ltd—, _——1 & Power * Shawkey Gold Mining—.————...I Slave .100 l%c 7%c 14c 9%cll%c — Water Gold Boston " 2c ">■% 2c v Senator Rouyn, Slscoe Jan %c Nov 103% 1-03% **> 1 —i Gold 23% 19c 36c —50 Gold Mines Ltd——1 Sherritt-Gordon Sep 30c Mar N Y__. Fire New -25 •' Mfrs & t Bankers & Shippers...... ^V,;425 11% 39 7%c 68% Merch National Fire 54 x6% 1.37 140 3,610 1,100 ( 162 435 . 52 .2% Jan 55c "_*■' 63c — ..1 30c Gold Mines ...1 __ Royal Bank of Canada —-.100 Roy a lite Oil ••—*. —... * %>•>St Anthony Gold /Mines——— 1 • 2c Shawinigan 6% 6 Roche Long Lac Antonio 4 1.24 28c 24% 44Va __ 1.24 27c 24 Qucenston Gold Mines San 12c 10% -25 25% ,. 17% 11% Nov 12c 7%c 16 •; Apr Mines— Dome East National 6%c *—1 Pressed Metals of America., Preston Surety 2,000 4,750 1 B "American 7%c Dec * Mining 7% Oct —1 Mines Gold Gold Pioneer 6% 3c Mines...*—— Pickle-Crow Premier Reserve.*..— National Liberty...—**—;*_2 Oct —%**—......l Gold • 6% 56% -10 lc __4 Paymaster Cons Mines Ltd— Perron 5% 54 % American 54,240 Gold Cadillac 4 —10 Jan 2c —— Partanen 14% ,48% lV#c .. Debenture...; Pandora 13% 46% Dec 6 13c Nickel Corp * „*1 %10%c Oils Ltd., * 4%c Porcupine Mines Ltd..———* 58c Pacalta 5 -10 Dec 2,000 1.654 915 45% -2% l%c 1.00 68% ... Jan 7 4 65% 42% *.5 Re-Insurance.. Equitable 1.35 82c Fire Assur Merchant 7% American 62c 3%c 5% 10c 3% American of Newark—... 17% 25 3,720 15,025 7%c 6% American Oct 19 493 15 —.5 Knickerbocker Maryland Jan Baltimore American— 60c 51% Jan Oct 1% Mar _* Alliance—. 49% 10 % 3% May 12c .... 32 Jan Oct 75 Gold Mines——_.._1 Ontario %c Life Jersey Insurance of N Y._ 8c ■ 6% Mar 38c -10 .... 137% 4.15 Oct >>—> :* Mines & 3c 200 ___* Mines. .2 12 Oct 2.80 43c _ Loan Oct 6.35 1,800 __ Oils 21% 15,150 ****_—, Omega 19% 80c — Ontario -10 94% — Okalta American 47% —1* National Steel Car Corp —„—38% Naybob Gold Mines— .„1 6%c Negus Mines— 1 Nipissing Mines -.5 — Noranda Mines • 39% Norgold Mines.1 ■ > Normetal Mining Corp Ltd— ***«•' 76c Canada July 94 Power.——* common Gold 59c 46 National Sewer Pipe class A O'Brien Oct . 72c * » *—1 Natl Grocers common: Northern 31c 29% Casualty— 1 Massachusetts Bonding—12 % 69% 20 29% 66% 80c * Canada.——— Light 28 -25 47% —1 :___ Porcupine Mines Montreal -.10 Agricultural .1 ■ _——__1 Mines Gold Aetna Jan 4.85 5 Mines Mines Feb 62c Oct 4% .100 — Porcupine Mines— Mclntyre Dec 25c Oct -.10 Ask Bid Par 142% Oct 2.85 90 15 Companies Ask 31c 10% * Bid 17 %c 3%c 5% 14% — McColl Frontenac Oil common Dec 6 • — Oct 9% 4% —20 common Insurance Par Jan 10% Mainlgo Mines Ltd.%_-—— Massey-Harris 29 %c Aetna Casual & Surety... Aetna ; 1,000 %c — * ■_*_—_* Dec Jan l%c Feb , Oct 6% 37,500 ' — common——-* Milling Preferred 17% 20c Sep 8c 47,000 1.85 Mar %c July 1,500 1.69 Quotations for Thursday Dec. 31 V* Jan 11 % Mar 11,300 5,330 —„)1.80 Eastern—-—-———— 4 & Leaf Maple Gold Fields— Gold ... 1 MacLeod-Cockshutt Gold Mines lc 36 154 3%c 1,075 650 4,200 115 . 60c 62c 80c 86c 20% 20% 19- ? 19 2.20 2.35 1.50 1.62 65c 71c _* —1 Ltd Mines, . 1 class Groceterias Class — ,-3 :.. Ltd—; Long Lac Gold Mines Ltd Loblaw 20c 60c 51c 10% 3.65 5%c 9% lc <; .1 ; Shops Candy Mines, 4.85 19%c 58c 47c 10% 3.50 5c 9% 1 — Mines Mines Oro Leitch 4.70 19%C 60c 50c 10% Ltd—_'__**_—1 Gold 9% 4.85 1 —___1 Ltd Mines, Cadillac 1 _* Mines——* Lamaque Gold Mines Lapa 9 % * Kirkland Lake Gold Mining Luke .Dufault 12c ',12c Apr May 152 100 2,004 5,000 1,018 1,005 10 22,055 2,750 1,550 /'• 9,600 OVER-THE-COUNTER MARKETS Range Since January 1 High Low 29% 2,007 1 6c %c 6° %c , , 32%''33% 153 153 16% 17% 33 _100 _ High Low * common— — Sales for Week Shares Week's Thursday ' 78c 1.12 17.78 19.32 ABlair & 9.45 AFirst Boston 9.25 Investment Banking Corporations Co -—1 Corp..—****10 48c 65c 11% 13% rHR £6 COMMERCIAL & FINANCIAL CHRONICLE Monday, January 4, 1943 OVER-THE-COUNTER MARKETS I Quotations for Thursday Dec. 31 '• Quotations For Recent Bond Issues Specialist Since 1903 Bid Insurance Stocks Bank Stocks 3%s, 1971 Empire Gas & Fuel 3%s, 1962— Hartford and New Haven Private Telephone to Lukens Steel 43As 1952..^ Macy (R H) 2V2S 1952— Penn Electric -• 33/a.s, Ask 103% 104% 91% Cent 111 Pub Serv 92% > ■ Bid Pub Serv of Okla 3'As 100 • Members New 30 Broad Street j York & CD. 1972 New York, N. Y. - 105'A 105% 1971 Quotations For U. S. Treasury Notes - Hartford Telephone, 2-0121 '.Telephones, HAnover 2-1035 to 2-1044 Figures after decimal point represent one or more 32ds. of a point 100.4 Maturity— tDec. 15, 1945— 15, 1943 Sep 15, 1943 Dec 15, 1943 Mar 15, 1944 %% 1 J/a % 100.12 ' tMar 15, — 100.16 1ft % ft Dec 100.24 ft 100.22 1946 :. Ask " 99 --ft 98.30 99.4 99.2 % lft%.; 1946 15, Bid Int. Rate %% '— 100.10 100.14 ..ft.-". 1943 Jun New York Bank Stocks ft- Ask Bid 100.1 Int. Rate Maturity— tMar 15, f V 101%, 101% S'western Pub Serv 5s 1972J. 103 102 j— 104% 105% Virginia Public Serv 5s 1957— 108% 105% .Wisconsin Pwr & Lgt 3'As, 100% 107% Security Dealers Assn. f - 3%s 106% 104%' 100 1972 Public Service of Indiana T. C. CORWIN Ask 105% 1971—— Southern Natural Gas-Pipe Line 100.2 100 V: "•■:■■■ " ■ .-/ft,: , ft.' Par Bank Of Manhattan Co 15?,V Commercial National 17 100 161 .169 1115 _100 ._ 12 ft ♦ 27 New York Trust Bid 279 ...100 63 34 72% 753A 4 39% 36% Corn Exchange Bank & Trust_20 --100 : > Company and Issue— 186 ft 2% Feb' 10, 3ft RR.:— ' ' " ift Jan American 1st Ohio & Ltd., bonds due 4% RR.— mortgage 5s, due / 195i_—-Mar bonds are subject to all Federal taxes. • 2303 1 'Per Collateral 1 1694 1 All others in Volume 156.. this Issue.- 2303 2303 "2303 2303 2303 5s, series A, due 1995.—— _Jan American American 2303 16 mortgage 6s, series C, due Jan 16 mortgage 5s. series D. due 2000———-Jan 16 gen.'mortgage 5s, series F, due 1996———Jan Secured 4%' notes, due 1944—— —————Jan 16 2310 15 15 1 1 16 1872 2303 % 2303 American Charlotte Park Ohio Little Kanawha & & RR.'1st RR. 1st 5s, 5s, due due 1949—'.—Jan Buffalo,. 4%s, >. Rochester 1957 due Pittsburgh' Ry; & 1950— ——'. Buffalo & Susquehanna consol. - Jan 16 Anglo-Iranian CM1 Co., Ltd.—.. ? ' Amer. deposit rects. for ordinary (Interim) Arkamiss Timber Co. (year-end)— .Arkansas Fuel Oil-Co., 6% pfd. (quar.) Attleboro Gas Light (quar.); Autoline Oil Co., 8% pfd; (quar.)— L— 2303 mtge. Jan 16 16 2303 — Indianapolis .^Western RR. 1st 5s, due ' —————-ft___.___ft_ft.__Jan West Virginia & Pittsburgh RR., 1st 4s, due 1990——Jan Cleveland Terminal & Valley RR. 1st 4s. due 1995—..Jan Allegheny & Western Ry. 1st 4s. due 1998— Jan Bay way Terminal Corp. 20-yr. 6% income 2nd mtge. ft, 1965 % bonds, due-1957 Birmingham Electric due Co. 1st mtge, ■■iYz'fy ref. & 1968 8 1 A bonds Brooklyn Borough Gas Co. 1st mtge. 4% bonds due 1965—Feb Central. Gas & Electric Co.— . „, 1 Diamond .: 2034 due 1957 Cincinnati due ref. & impr. mtge. 5% bonds, -ftft——_ & Gas 1966 — Electric !_ Cumberland 1st mtge, ... ft j _ County Power & Light. Co.—" 4% mortgage 1. ft ft 1 ■*' . ' ft . . —..Jan < J 5%% preferred i•;. preferred stock— - 5 1 2128 - i 15 — 2128 ■ 2128 pfd. (quar.) $2 20c • 5%; preferred . 12-23 $l?/4 12-26 12rl9 ' 43 %c.; 12-31 12-31 Y * 2-15 : 2-15 yi ... Class A Class 1; Wood Gar Co. Industries f 12-31, 12-26;. 83.*, it 12-18 — .v ; 7 % ♦ , , 12-26 Common Hercules 1-15 ft (s-a) 70c' (accumulated) ' " Common Honomo 2 1- 2ft 12-23 12-23 12-28 12-23,, 2- $1% (quar.)..— 15 Canadian Bank of Commerce 2128 13 2305 Sl'A series A and series B— 1 ...Jan (quan) i$lV2 ... Capital Finance Corp., 6% pfd. .(s-a)— "Carborundum Co. : !_ " 15 Hill Gold "Carson 2305 2- . pfd. $1% , ft Gnlf, ti Island Case 2037 Lockwood "Central 2130 & Brainard Co. Foundry (year-end) Process 2 '• Central Franklin jan .4 2224 Central Gas & Electric,, common 18 2306 4(2% Interstate Debenture Corp. 20-year debentures, due l955_Jan. 15 2307 Ship 1952 RR. 1st ref. mtge, term. & 5s, — & Co., Inc., 5% -7% • . $1 12-26 3V2c $2% 1 1- 2 - ' L— 1- , $3.50 City Gas Co., 1st mtge. Lehigh Valley Coal Co., 5% 5s,'due 1946 Feb 1st and ref. mtge. s.f. bonds, . ' i'r due 1944 .lstj and ref. mtge. 5% ! bonds, due 1944— preferred 5s due 1949 ...__Feb * (year-end) Little t Company of Mary 1st & ref. mt«re. collat. honds. series A and series B. dated 1937 New Jersey Worsted Co.. preferred 2225 .< trust > Jan 15 2307 stock--_^._^____Feb 1 2042 1 * North American Co. 3 ft % debentures due 1949———.Feb North American 33a% debentures due 1954———_Feb Co. 2040 1 Gklahoma Gas & Electric Co. 4% Fhiladelnhia '.due 1972 Electric Power Co. debentures due 1st mtge. — .Pittsburgh Suburban Water Service Co. mtge. 5% bonds, series A— i 5Vzr>c 1st ' bonds Feb lien & ref. . 1 " '-V ————.Jan * .1——1_——__^.Jan 17c $tV» T_ Electric.—.4 •• ... Electric. 7% : . 75c , • pfd. A ;(accum.) 6^2^ (accum..09375c Trust (Boston)-— 12-29 12-21 1-15 12-19 12-31 V1- ? 12-24:! 2-2 • 1-15 • $1 12-29 2-15 2- 4 12-22 •20c- $1% $1% c 1-1511 1-15 2-1 ' ft .12-29 12-15. ,12-29 \ 12-15 .12-29! 12-15 12-29 12-15 12-29'' 12-15 , 5'/2% 1-2 5% pfd. B (s-a) 12-18 12-12 f 25c 12-24 12-21 1-28 1-16 2-1 25c _ ,0265c v. Corp.—, v87ftc Johnson • '?• 15c 12-31 Inc.v(initial).—25c Kennedy's Inc.. Postal preferred Term. & Realty-41 (quar.)__ * ' ' 1-20 87'/2C 1-20 r (s-a . :,i'' 'v ^Cincinnati Union Stock Yards Citizens Wholesale Supply-Co. City Baking Co., 7% 2309 Cohen pfd. 15c (year-end) Lee (accumulated) 12-39' 12-23 12-28 -$3. $1% 12-10 , commoia Rubber Co. & 12-31;; 12-2 Lft SUA- 12-31 $2'/2 12-31 12-21\I 12.-31 12-21r{ $1% $2V2 )'•♦• — Shoe (quar.)... pfd. (quar.)—— , 25c : 20c 1-2 1- , 12-15 "25c ■ • 1- -2 !; 12 -19 1- 2 ; ft. 12-28-; 1-15 1- 2 1-15. 1- 5 40c —- — 1-20 1- 9 1-15 12-31 2-1 1-11 31'Ac Sift; MnbbeU. (Geo.) 1-9; 1-15 a 1- ' 1-26 75c 2- v 7% $lft 2nd preferred (quar.)i— •. __.*_■ 1st pfd. (quar.) ! 1-16 1-25 40c (quar;).^—— & Sons, -7% i: - 45c —w— pfd~ (s-a) ft 12'/2C (irregular) Lexington Union Station,. 4% 12- 3 -12-29*-' ; 12-151j 2 12-31 50c $1V2 (irregular)—4 Tire— Lenox, Water Co. v— • (Daniel) Co. (quar.)•" ft 12-31U 27 %c v preferred, (quar.).—— Works. 6% pfd. (quar.)— Leece-Neville 1- 4 1-15 .» i 12-31 1-20 Krueger (G.). Brewing (quar.)—-Lazarus (F, & R.) & Co.- (irregular)— ' »*' -♦ $1% .-1 75c Kokomo Water 12-23 (year-end)— 1-21.i 12-18tj ?;. Y- v.Sl'Ac - . (quar.)— Joplin Water Works. 6% Julian & Kokenge Co.; 12-23 12-19 - ; . Johnson; Stephens & Shinkle ' $1.25 12-24 Go. 2- ,1 12-22 * > —4—__41c Service . 50c 1st pfd,- (quar.*) is-a) _4—.—!•— •—— — A | 12-31j! -2- 1 ;.v ... —— Co. preferred series A class t ft 1-15? Ltd.^- Jamestown Telephone, 6% 5% ft 12-19 ft 30c * ; • r*- 2-1 :-ft 25c r—; . . : 12-22 $1% 12-26^ 12-24) t (year-end)Iowa Electric Light & Power Co.— " ! ' 6%""pfd. series C (accumulated) — 6ft% pfd. series B (accumulated).——L-. f7% pfd. series A (accumulated) — _w■ James Mfg. Co., common (year-end) 4——— .5% preferred series B (s-a)—— — - 1- 2 ' ,1- 2 ; 12.-24 .2- 1, r 12-31 2-15,' 2-1 . 17c i_ ...j_, pfd. series C (par $25) Cincinnati • 13--- -1869 18^, - 9 ft 12-24 ft 25c preferred, (quar.)- Telephone 1- 12-23:: 2 ■ 4 1 1-15 12-28 12-21 , ,Foli-New England Theatres, Inc., .1st mtge. bonds, due -"1958 6% Chicago Times, .'lV / 1946—Feb ; & Co Liquidating Chicago Molded Products v j Gas Chain Store Investment • >1 ; 6 12-28' $6 ..y (quar.) j (quar.)___^ 433/4C 7% pfd. series A (par $25) (accum.)—■_—> ,.10937c 6% pfd. series B (accumulated) i_„_. 37V2c 6% pfd. series B (par $25) (accum.)..,.— .09375c . 1 2040; . 1 - Hudson Republic Central States • - ' l Aug — Central Central 2132 • —...Feb Lexington Ry.. 1st mtge. 1 - 4 1-25 1- $1% •ft;:: Group Shares..: prior Investors 12-22 1-27. 10c " Kansas ft 68 %C — — Institutional' Securities; 12-23 .12-21 " amended notes, due 1944—Jan :.due 12-26• 1-1 • 50c- - (quar.) ■i $1% ft ' Hydro-Electric Securities, 12-31 1 $3 - (irregular)— (quar;) —" Mining Corp. ' Fairbanks. Morse & Co., 20-yr. 4% debentures, due 1956-Feb / 1 Gas Co. of New Mexico. 1st e'.is. due 1944 I Mar 15.,.5 Hoe. 1R.1 1-11 > 12-31 •' " ■: 1 Corp.-— (quar.)_ International Utilities 1-12 ft 1-16 25c (irregular).—— $4.50 pfd. (quar.)—. Insurance { 12-28 20c (year-end) Horder's,. Inc. ' 1- V ♦ (quar.)—i_____4---Zii?— Sugar ; /1- 9 ft ft $7 5c — (quar.)—J —' preferred (quar.)—— (year-end) • Hook Drugs 12-24 2 2-20 ft 1-20 50c . ;preferred : 1- : 1-12 ft 12-19! i % • - — -•1-16 ft $1% (accumulated) Holland Land Co. (liquidating)— Holly Sugar Corp., common (quar.)_4—i— a 7 % preferred (quar.) Home* Tel. & Tel. (Fort Wayne,-Ind.)— - — V 1-10 2-1 ♦ 37 %c (increased.—_ Co.,- 6% : 12-22 ft .12-28 $1%.- 5V2% Powder 1-5, 12-22 12-23 — preferred Times, 12-24;: 1-15 - Griggs, Cooper & Co., common...— » ,12-17:j 1-2 ft $5.25. prior preferred - (accumulated > Gimbel Bros,, $6 preferred (quar.)—— Glatfelter (P. H.>, 6>/2% preferred (quar.>.,_ Hartford ft 12-3111 50c (extra).i——— Generat Foods Corp;, 2- 12-31 1"2 \, '1-2 25c - (quarOw^.^.a— preferred (quar. General Gas & Electric i:] 1 1 % .,7c , ! : (extra)——-. AA 2- 20c / prior pfd. (quar. of Washington & 6% 7%- pfd. 7% i 12-31h 1-2 $l'/4 , . Process Co. Franklin V 12-18 12-21 75c »i Rubber Tire & 12-17u ,2-1 i$3 (quar.)— Wheeler, 1-11H 12-211' Y 6ft pfd. (accum*) ——♦ (Washington D. C.t Georgetown Foster 4 - .2- 1 25C (s-a)_— United Cleaning &.Dyeing— Firestone ; 12-24 ' (quar.u——. $1.50 class A (quar.) Insurance 12-29 2 50c & Cp.» 7 % preferred 7% 12-21;■ 1-15 50c 1——__♦ (quar.),. Y 1- 2c 37 V2C (resumed) Common Fenton 12-26 12-28 1-23 $1% ___ „Li.——L————— Firemen's 3-9 2-*, 1 Co., common—.— Federal Electric, 12-16 3-20 2-15 $3'/2 , 1 12-24 1 (quar.)—_——- Fire Insurance Cn/ duller Brush, 12-28 5 ~ jan Easton. Palmer & Bethlehem Street Ry.- 1st 5s, due 1947_Feb Edison Sault -Electric Co. 1st mtge. 4VsS, due 1961, ' 12-24 1- 3- > $lft Equity Trust Shares-in America— Exeter & Hampton Electric (extra)—« -Fall River Electric Light (irregular) 12- 1 12-21 12-24 12-15 12-24 12-23 L—' ' 12- 8 1- 8 Sl.% ' —; pfd. (s-a) pfd. (quar,).—. Telephone Co. , : Byers 1 bonds, due I960——„..Apr stock.— Jan Power, 6% Fibreboard Products, (A. M.) Co., 7% preferred, represent• ing the quarterly; dividend of $1.75 due *; *. 1 A ' "T"' Feb. 1. 1943, and interest thereon__L._i__-,. $1.8156 ::f;-2- 1 ' -1-18 "Calgary Power Co.t Ltd., 6% pfd. (quar.)___ 4:$Ll/2. 2- 1 t-15 'California Pacific Tel. & Tel. (year-end rSlft •12-24-'-il2-21- '• 1 _Feb '■ r 2096 • ".ft* 3ft%■ bonds j--Tgt mortgage 3^2%. bonds, due 1966— ! 1st • , —Mar — Co. — 2216 1- 5 „ 5c 10c $lVa . • Extra' $2V2 ^ 12-31 * 12-19 Bristol Brass ——J— ' ;;' 75c 12-15 • 11-30 British Columbia, Packers (irregular)„_L-—|75c / '3-15; 2-27 Broad Street Trust (Phila.) (s-a)__;_— 20c 1-15 1- 6 Brush-Moore Newspaper, 6% pfd. (quar,)..$lVi:'-^'l- 1. 12-31 class A 12-31 1-15 V ; (quar.) ♦Equitable Fire> Insurance 1- 1 12-17 1-21 12-16 : 1-13 10c ' • Brandon Corp., State Dominion pf Rt*. 50c -15c : Extra 2034 1 Central.Indiana Gas Co., I ' l • 1 Bearing— Steel Corp.: (quar,). Brainard 1-15 (s-a>_— common Publishing, 7% Dow Chemical 12-22^ ■ $2 Roller Bower , -12-31 Ltd., ordinary regis...(interim) /Dolphin Paint & Varnish, class A (accum.).. . ffoMer* ■ 1- 5 12-23 1- 2 1- 2 1- 2 Investment Boston 1-15 Distillers Co., "■<;!/ 15c 12-28 12-15 60c 12-28 12-15 $25c. '.3-1 2- 5 - ' 15c v 12-28 '-j ——; ' $1 12-31 12-31 20c 1- 1 12-24 (annual)— class A (quar.)___ Body, Co.(year-end) u Telephone of Pennsylvania (reduced) Boatmen's NatT Bank (St. Louis) (extra)__ * collateral trust debenture cum. 12-10 $5 (year-end) 6% 12-22 12-21 —— Ltd. / Denver Union Stock Yards ■ Bell ft.l:;k0;j« 1 1-15 • 'Batavia 2188 1st lien collateral trust" 6 % h Ist Jien $1% 9 l/10c $5 :15c Bathurst Power & Paper, > , .•».. bonds, due March 1, 1946_Feb 5Va% bonds, due Dec. 1, 1946_Feb Central Hollywood Bldg. Co.; income leasehold mtge. bonds \ Common : 2303 16 -i-.___.Feb ' Bankers Investment Trust of Amer.— . 2303 16 -Jan z. —_ ' - 'ft 2303 16 ft 2303 16 ' 12-23 —- /•.'Cincinnati/ ; 2-15 25c - 12-28 preferred, class A (quar.)—— preferred (quar.).— 7% ' — 2303 1st 4s, due 1963—Jan — RR. Corp. "75c Canadian , ' G.) Crystalite Products .Co., 6% fay'tild ; Can Co; American 2303 • (C. 0% :/ • $lft *. 1-" F; $1%;..-y, 1- 5 37Vic 12-21 ' (year-end) ——————— (qu&r.)—_—— Properties (liquidating)American Furniture, 7% preferred (quar.)_ 2303 16 : f >■ Aggregates Corp./ 5% pfdt (quar.) Air Filter; 7% pfd..".(quar,)— 50c (year-end)__._— Corp.— Participating. .. When? ' of Rec. 12-26 ' Conn Feline- (J. J<) ' Holder» When Payable ' (quar.) (Boston) preferred partic. 1st ; 2310 2141 - / ' thare "sift IOC ' Cypress Abbey Co.i—• Darling Stores, 6% pfd. (quar.) Davenport Water, 5% pfd. (quar,).,. Delendo Corp. (liquidating).: Common 2303 1995 & Lincoln Foods Columbus , v 0.32 % market. IThest Community Frosted Food— are Name of Comjton*\ 16 16 Ref. & gen. / Co. Loan .£;.Collyer Insulated Wire Co. The dividends announced this week are: : , 0.32% 50c Name of Company Crowell-Collier declared. Ref. & gen. :< 0.32%, AQuotations not furnished by sponsor or issuer. , ' .: Further details and recdividend payments in many cases are given under-the company name in our "General Corporation and Investment News Department" in the week, when '' — Ref; , 0.30% b0.37 " b0.37 31, " 1943————— March Date „ ( ord of past j ?2187 .2187 1948——.——_v—- mortgage March 24, 0.28% par value, a Odd lot sales, b Yield price, d Deferred delivery, r Canadian sCash sale—not included In range for year. x-Ex-dividend. y Ex-rights.' tin default. J which have not yet been paid. u ■ gen. 1943——— 0.32%' 0.29% _ Connecticut River Dividends ' , 1951; —i——— —1——Jan Toledo-Cincinnati Division 4s, due 1959——————Jan & Aik Bid 0.32% 1943—b0.37 DIVIDENDS * { • Jan 16 ft, 1st mortgage 4s. due 1948 : _Jan 16 ■ft Southwestern Division 5s, due 1950_._-_.—i..._i—.__Jan, 16 Pittsburgh Lake Erie & West Virginia/ System 4s, due Ref; ■""r—- "ft ft ;ftft 1943———— -ft b0.37 1943. — b0.37 17, —— •Announcement in -V. 2303 Rys, Corp. 4%% collat.-. trust-bonds,. due 1953.Jan' 14 Type Founders,. Inc., conv., debs; 15-yr. y due. 1950 Jan* 15 Arkansas Power & Light. Co. 5% bonds, due 1966— Feb* '1 American Sugar Refineries. 0.83% — 10. ; bonds due 1943-———Jan 22 — collat. trust conv. 5% bonds, - v' -r Atlantic 0.66% 0.77% 0.30% March ' " 22 1st consol. mtge. ser. B 4% Baltimore b0.69 b0.37 Feb. 24, 1943—" b0.37 March 3, 1943 ; b0.37 March v • 0.50%. b0.85 J—*--..7 -ft-UJ-A'-> 17,. 1943.——' 0.28 % ... grouped in two separate tables. In the Alleghany Corp., 20-yr. " ■;! first we bring together all the dividends announced the ! j: due 1950 ■ : ————u—i—ftft/ft2093 current week. Then we follow with a second table in American, British & Continental Corp. 5% gold debenft , which we show the dividends previously announced, but ; ! i. tures, dated 1928—— Feb 1 ft<1856 ."■'I • b0.80 ' ' ft-ft:ft-. v■' 0.27% Ry., !"Y " bonds due 1943— mtge. ser. A 5% 1943 :ftft ;*No 1050 1010 .Page .. Date . Great Southern ■: b0.37 b0.37 b0.37 1943—- given in the "Chronicle." ' 1st consol. • Feb. f duev. 1952.:!— redemption or last date for mak¬ ing tenders, and the page number gives the location in Alabama i Ask 0.27% Light,»Heat & Power Co.; 1st mtge. 4s' '. . due 1947 i.—^— — Feb Salmon River Power Co., 1st mtge. 5% bonds, due 1952-Feb Seaboard Air Line Ry.— ••••.>• , , Raleigh & Augusta Air Line RR. 1st mtge-. 6s (extended at 5%, matured 1931).—i.—--—~—.—r --Jan Raleigh & Gaston RR. 1st mtge. 5s, due 1947 Jan Standard Lime Co., Ltd.,- 1st mtge.; 6s, due 1944—.Feb Walworth Co., 20-yr. 6% debentures, due 1955 Apr Wilbur-Suchard Chocolate Co., Inc., 1st mtge. bonds those called under sinking fund provisions. were b0.53 —- tor discount at purchase are , . including which the details ' - 27, 1943 Feb. 3; 1943--—— 74%, — and The date indicates the 1, «:•: t%S Dec 1, 1943 t'f •'■-' ; 0.32% b0.38 __ t%S NOV 1, 1943 ft: v 0.25% Jan. 20, 12 ■'St. Joseph called for redemption, stocks 1943 , list of corporate bonds, notes, a ———' Jan. ,71% 100 238 preferred common 100.4 b0.37 53% 176 , Notices be found t%s Aug 99.22 100.17 100.2 6, 1943— 37 ,25 Redemption Calls and Sinking Fund Below will 99.20 100.15 13,;1943_ftu—™—--ft b0.37 35 Company and Issue— -• %% 1 'A c!o Jan. 46% 43 ft Guaranty . Jan. 26 ft x51% & Co. (J P) 170 233 Empire Morgan 13 V4 150 .—100 Fulton t0.65s May 1, 1943—ft— 1, 37% •ft, 12 10 100.30 Bid 23% V 20 37 3 -.10 . 100.27 --ftftz %% 1944— ,1945 Treasury bills— 1215 1165 20 Bank & Trust—. % 1 Rates quoted 25 20 Continental Bank 61 Trust. 100.12 t%s Feb. Ask 11% 10% 10 59% Chemical .—-ft: ft-.1 15, *1945——— ft-.-. $Mar OD Bid Par 38 Brooklyn Central Hanover 15, Certificates 100.14 United States Treasury Bills 289 Bankers 1944 Companies Ask 36 Bank of New York 15, Mar 15, 100.24 3A% 1944——— ^2. tSept. 30% ft 15, Sep ' Indebtedness— of 100.22 — Jun 1145 28% - .-•« -U7Va Par Ask Bid Par Ask 27%.ft.29%: 13.55 National- Chase Kid _10 ■ $2: $1% _ ♦ $13A 12-16 1-2 1- 2 ; 12-21 ; 12-21 Volume 157 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4139 J*er Holier a When thare Name of Company Payable Nairn of Company 1-15 (year-end) a 30c 12-29 Manischewitz (B.) Co., 1% pfd. (quar.)_:i$l3/4 >: 1- 2 •Mercantile Acceptance, 6% 1st pfd. (quar.), 30c 12- 5 5 % 1st preferred (quar.) 25c ; 12- 5 Mercantile Stores, 7% preferred (quar.) •: $13A 2-15 Mickelberry's Pood Products— $2.40 preferred (quar.)60c 1- 2 ■Middle States Petroleum, -class A (irregular) • 45c 1-23 Midwest Piping & Supply (irregular) 25c ^ 1-15 Mill Creek & Mine Hill Navigation ~fe (RR— • 1 /v 12-22 Allied Stores Corp., All-Penn Oil & Gas 12-21 Amalgamated Sugar, 57o iMacwhyte Co. ' 25c r. Co. Maiden Electric • : (s-a) $1V4 u,—i.—' Power, common preferred ;37J/ac (quar.)— 8 1- 8 "■■*'■: 1- 2 1-14 62%c (quar.) Products National Distillers (quar.)— National Electric Welding Machine 50c V 2c V ; (quar.)- ; Quarterly' 2c ';V': Quarterly:."'—', 2c Quarterly 2c National Motor Bearing— - • * • ' $1.50 convertible preferred (quar.)— 37J/aC Nat'l Newark & Essex Banking (annual),,— $2 National Shirt Shops (Del.)--$6 prior preferred (quar.) .— $l,/2 Common (year-end) 20c National State Bank (Newark, N. J.) (s-a)_ $10 New England Confectionery (year-end)— $1% North Boston Lighting Properties (year-end) v//90c North Penn Gas, $7 prior pfd. (quar.).. $1% Northwestern Title Ins. (Spokane, Wash.)— . , 1-20 1-20 2-1 2-1 ■ ■ 5-1 v/ 8- 2 10-30 '• 7 Quarterly Extra; 12-31 12-21 1- 2 12-29 12-31 12-22 Q'. i- i 1-25 • $2Va 75c - 75o : Pittsburgh Nat'l Bank (Pa.) (quar.)——, .Quarterly Pneumatic Scale, 7% preferred (quar.),— 1 12-19 .ITVzc Port Huron Sulphite & Paper, common,5c 4% non-cumulated preferred (qtmr.) . : $1 Participating —50c Portland Gas Light, $6 pfd. (accum.)-,,,— $2 Potomac Elec. Power, 5JA% pfd. (quar.) $1% . ■ $lVa $1% ; 57c preferred (quar.),,,,,™, : Revere Copper & Brass, 7% pfd. (quar.)— 5'/4% preferred (quar.),— Rice Stix Dry Goods Co 11— Rickel $1.31 V* 50c '& Co. (s-a),_ W.) (H. 1- 8c 4-10 12-23 12-24 12-24 12-24 12-22 2-15 $1 $1% $2.25 ■ $1 — Sanborn May Co. (quar.) San Cruz Portland Cement —." 25c (quar.) Schuylkill Valley Navigation & RR. gtd. (s-a) Scytes & Co., Ltd. common (s-a) Extra-' $1(4 $50c —J50o —- preference Seattle 1-15' $87Vac (s-a) Brewing & Malting Securities Corp. Securities Investment St. of Louis 12-24 12-29 12-29 12-28 ' 12-17 2-25 - 1-25^' 12-16 50c (quar.),, Seven Up Bottling (Los Angeles) (year-end) Shawinigan Water & Power (quar.) Silbak Premier Mines (quar.) $1 $23c $4c . — & Zook Co. (quar.), 1 Pittsburgh Water, 4pfd. (quar.),, Southern Acid Southern California & Sulphur 25c $1(4 ' 1-11 2-3 Edison A (quar.) pfd. Co. Bldg. Assoc. Stock Yards Waitt & Warren 12-31. *12-23 12-23 12-18 12-21 ' 12-29 12-31 12-21 $14 12-10 11-10 30c 12-17 12-11 25c 2- 1 1- 9 12-22 .. 1-15* ! 12-15 12-10 50c . 2-1 $2 1-15 12-21 1-15* 50c 1-15 1-5 $7 (year-end), 12-24 12-19 1-4 5c . common (quar.) (quar.) ————— : preferred (quar.)—— 37(4o $1(4 $1(4 ; 12-31 2-1 1-15 2-10 2-10 preferred 57c Wico preferred Electric, Zeller's, Ltd., Extra 6% . (quar.),: (s-a)__ 6% (quar.) we $1(4 12-1-43 11-15-43 t$3(4 1- 6 12-30 $1% 2- i 1-25 $1%' < 1-15 > 1- 2 $25c ,6-1-43. 5-15 5(4 preferred (quar.) Cleveland Automatic Machine, Clinchfield Coal, 7(4 pfd. Clinton Water Works, 7(4 Cockshutt Plow Co., Ltd., $7 1st pfd (accum.)__ pfd. (quar.) (s-a)—- - common Columbus & Southern Ohio Electric— $1.62 preferred (quar:) Ltd./ commonpreferred (quar.) Concord (N. H.) Gas, 7% pfd. (accum.) Conn. & Passumpsic River RR., com. (s-a), Connecticut & Passumpsic River RR., 6(4 preferred (s-a) Consolidated Chemical Industries, Inc.-~. $1.50 partic. pfd. class A (quar.),—__ Class B (quar.),,., L Consolidated Cigar Corp. 7(4 pfd. (quar.), 6(4(4 preferred (quar.) Consolidated Edison Co. (N. Y.)— $5 preferred (quar.),___ Consolidated Laundries Corp.— $7.50 preferred (quar.) Consolidated Oil Corporation (quar.) Continental Insurance Co. (s-a)_,„^__„_, 2- 1 $5c $10c 75c 6(4(4 1-15 1-15 2-15 2-1 Commercial Alcohols, 8(4 . < $3 : ; 12-31 $3 2-1 , < ■' 2-1 <1-15 ' 2-1' 1-15 2-1 1-15 include divi¬ given in the (quar.),, 0 $1 When HolierI Pavohie of Ree 1-15 1-2 25c 1-9 12-24 3c 1-15 1-15 12-31 25c 1-15 12-31 1-15 $1.183A 1-25 1-15 1-15 1- 4- 3-20 $l'i Co., Electric General Products Refining, $1% 3-1 1-4 1-4 2-15 $1% 2- 1 1-15 2- 2 . , ' , $1(4 $1% 12(4c ' 80c 2-1 20c 12-31 2- 1 2-15 1-11 : 1-15 1-11 common 7(4 Detroit Gasket & 1-15 12-31 . 12-31 pfd. (quar.) Dome Bank of 12-15 2- 1 12-26 1-25 1- 9 12-19 (s-a),,—$4 1-15 1- 7 1-20 (s-a) (accum.) $1 (4 —— 6% partic. pfd. (s-a)— : '',/■- 75c. -;■. ;"■: $1(4 (payable in U. S. funds), . Canada (quar.). 6-15 9-15-43 12-31 1-20 .1-15 20c 2-1 30C 2-1 25C 1-20 1- 75c 2-1 1-20 $2 Vn __— 1-15 12-31 '"■ 15c . 1-10, 1-25 5c 1-15 V 2- 1 Sl'/B 2- $1 1 1-20 2-1 35c / 12-18 a- 4 .'i-1 1 1- 8* 1-11-43 "$1V4 2-1-43 :$iy». 2-1 $i»/2 1-25 1-10 25c 1-15 12-31 1-15 12-31 20o (quar.) 62 VaC 1': $1% : : 1- 2 5-15-43 ■' 1 1-14 1-15 12-31 2- $134. of North America-— (quar.) tSlVa —; 1-15 12-31 $$2Va 1-15 .12-31 $$11-4 ■_, Extra 1-15 12-31 —_— .' 60c ; 1-15 1- 8 Refractories-—■■ :(.■;6(4 SlVa preferred (quar.) Harrisburg Gas, 7(4 preferred (quar.),,,,. Hat Corp, of America, class A,,' —__ :;■"■;■; Class 1-6-43 1-20-43 $13A- 1-14 25c 1-14 $15'8 12-31 1-15 25c 2-1 '1-2 ' B ■ 6V2 7o preferred '(quar.' Hayes Industries, Inc. (irregular„ Hecker Products Corp. (resumed) : Hershey Chocolate Corp., common (quar),,, . 1-2 1-14 1-25 :"■:■ l- 4 15c " 30c $4 convertible, preferred— 12-30 2-15 1-25 2-15 1-25 $1 . ,:1-15 75c $1 2-15 1-25 Hibbard, ■ Spencer, Bartlett & Co.— ■■'■'■. Monthly Higgins Industries. 6 7a preferred (quar.), Hollander (A.) & Sons, Inc. (year-end) Holly 15c 1-29-43 30c 2- 1 25c 1-4 12-24 lc 1-25 12-31 W? $i , ; 1.-15 v, - (quar.)w— Development Household Finance, common (quar.) Common 6(4 - Stock ■ $2 lb 100 • ,2- 1 .1-15 12-17 1-15 12-31 Mi- 20c 37 VaC 1-15 , 5 1- 5 Machine— five Harvester shares for ■ each 1-28 Co., International Milling Co., International Nickel 12-31 $$2 shares held-,—— International 12-31* 12-30 $114 , (reduced) dividend, 12-31* 30c ■;">;' participating preferred (quar.) International Business 1-17 1-15 ': SlVa _ 1-19-43, 1-15 /; 3- 1 $l*/4 preferred (quar.) : Hummel-Ross Fibre, 6(4 preferred (quar.) , Hutchins Investing Corp., $7 pfd. (accum.), Imperial Bank of Canada (quar.)—, Indianapolis Power & Light com. (quar.) — Insurance Co. of North America (s-a),—. International Bronze Powders— 5(4 5(4 1-14 - (quar.)^_ 50c 1-15 12-19 pfd. (quar.),, $1V4 1-15 12-31 com. of Canada— 1- 2 2-1 ,$1.75 preferred (quar.) 1- 2 2-1 834c preferred ($5) (quar.),——_______ v t'tw< 12-12 1-12' International Paints, Ltd., 5 (4 pfd. (accum.) 12-18 25c 1-15 Interstate Department Stores, common,,;— 2- 1 V 1- 8 $1%7(4 preferred (quar.)_„i_,, Investment Foundation, Ltd.— 12-31 1-15 $75C 6(4 convertible preferred (quar.),—_,,, 1-18 2-1 $1.06 V* Jewel Tea Co., 4JA(4 preferred (quar.)—, 1-4 12-23 $13A Jcliet is Chicago RR., stamped com. (quar.),' 12-7 50C 1-6-43 Jones & Laughlin Steel Corp.*.,,,.—„—/ 1- 8 10c 1-28 .Kaufmann Department Stores,-;—-—-—— j 25c 1-7 v12-26 Kellogg Co. (irregular) Kellogg Switchboard & Supply—^ • 10c 1- 5 1-30 Common (irregular) —,— ■1*' 5 1-30 $ll/4 5(4 preferred (quar.) _ 12-31 1-15 $lVa Kentucky Utilities, 6(4 preferred (quar.),,, 1-20 62 VaC 2-1-43 Klein (D. Emil) & Co. 5(4 pfd. (quar.)—, 7(4 ■ 7(4 - . ! < • < < ■ , - - . •■ , • 3-1-43 2-10-43 ;■■.■' - "-'■ 2-1-43 1-15-43 $40c 1-20-43 $$2 2-1 12-31 1-15 20C 1-5 12-22 $1% Knapp-Monarch Co., common,^,—,,——,Kroger Grocery & Baking— 77c 2nd preferred (quar.)—La Plant-Choate Mfg., $1 conv. pfd. (quar,). Lake Dufault Mines, Ltd. (interim)— 2-1-43 t-15-43 25c 1-15 $2c ' 1-25 *'l*i-4 . . ■■' 1-6 ■;l%- 8 $10c — $13A 2-1 1-14 1- 4 12-16 50c - 2- 50c Ltd. (interim)——. Lane Bryant, 7 94 preferred (quar.)— Lane Company (year-end) ' Langendorf United Bakeries, class A (quar.) Lamaque Gold Mines, 1-15 12-31 6c ■ Class B 1 12-31 1-15 75c 1-15 75c • 6(4 preferred (quar.)—Lebanon Valley Gas, 6(4 pfd. (quar.) 12-31 2-1 • 1-15 12-28 Lehman Corp. 25C 1-6 Lerner 50c 1-15 $lVa 2-1 60C 1- -2 12-15 12-31' (quar.)——,i—; (quar.)—• -—■ •; preferred (quar.)——~ Stores, common 4y2 (4 , Lexington Telephone Co., common (quar.)'— 5.2% preferred (quar.), Liberty Loan Corp., $3.50^.pieferred (quar.), Lincoln Tel. & Tel. (Del.) class A (quar.)—, Class' B 5(4 preferred 5; 1-20 ' $1.30 1-16 12-31 25c 1-10 12-31 1-10 12-31 560 (quar.)———— (quar.)——. Link Belt Co., common 2-1 $1V4 > 1-15 50C ————————— — 1- ■ 87 VaC ■ 12-18 (quar.),, Mines, Ltd Dominion —, 1-5-43 Distillers Corp.-Seagrams, Ltd.— ; 5% ' 1-11 2-15 1-15 3-31: 1-15 1-15 1-5 2-15 1-15 $2 Di Giorgio Fruit Corp., $3 pfd, Diamond Match Co., • 25c Manufacturing Detroit Hillsdale & South Western RR. 3-15 7- 1 Mills, 5(4 Montreal 3-31 2-27 12-31 ,4- I ■ $35c (quar.) prior pfd. <s-a) Hosiery, 7 (4 pfd. (quar.); Great Lakes Power Co., 7(4 pfd. (quar.)_/,v / . 10-1-43 (quar.)— Gotham- Guarantee Co. . v, 37 VaC $5 Ltd, . ' 37 VaC, preferred '(quar,) preferred (quar.) Gimbel Brothers, $6 preferred (quar.)—, Gladding McBean & Gosnold 1-15 • (quar.) Corp; $5 Golden State Co., 2-23 3714 c . (irregular) Razor 4-1 $i'A : Co.__,_^i^-— Motors Safety 3-31 ■ ; $2 40C General Finance Corp. (quar.),,, —: General Foods Corp., $4.50 pfd. (quar.) //,,/ Gillette 4- 1 25c : common Baking Co. 5 N. Y.)— convertible General 1 . 2- 2 Creamery 12-31 25c 1-15 1-25 ■ 37(4c 37Vac 12-28; 20c- 1-31 25C ' 1- 2 Share ,-..0, (quar.),^,,,^^,,^,^,^-^ 1- 1 1- 4 Per Name of Company Extra 1-29 , Extra———,—, Detroit River Tunnel ■ 1-15 12-31 , 1- 4 12-31 12-26 2- 5 1- 2 3-18 5-15 12-31 20c 1 1-25 $37(4c ^ Addressograph-Multigraph 2-15 5-15 8-16 3-1 6- 1 9-1 1-15 1-11 preceding table. Co. ' $1(4 $1.(4, $1(4 65c weeks and not yet paid. The list does not dends announced this week, these being Air Reduction - preferred (quar.) $1% Package Mfg—_—37(4c Credit Utility Banking Corp., el. B (quar.),, 25o Crown Drug Co., 7(4 preferred (quar.)—u, 43%c Crum & Forster (quar.),,,,,—— —„ ; 30c 87o preferred (quar.) $2 Cumberland County Power & Light, 5(4 (4 pfd. $1,146 6(4 preferred — $1.25 Dayton & Michigan RR., 8(4 pfd. (quar.)— $1 Derby Oil & Refining Corp., $4 pfd. (accum.) $2 Detroit Edison Co. (quar.)— —30c give the dividends announced in previoui Affiliated 'Fund- -i— preferred (quar.) 5(4 preferred (quar.) .5(4 preferred (quar,)_,l^, 1-25 5-15 1-11 v./ Malting Co. (quar.) General 12-31 , 25c 1-15-43 12-16 25c 4-15-43 3-17-43 25c 7-15-43 6-16-43 25c 10-15-43 9-15-43 ' Corn (quar.),—$20c preferred 1-15 59c (quar.) 1-25 /• Abbott Laboratories 4% . 2-15 • 12-31 12-31 40C preferred (quar.),,—— Gardner Electric Light, com. (reduced) 1-15 12-31 1- 8 12rl0 12-31 1-16* 12-15 3-1 6- 1 6- 1 (quar.) — (quar.) 1-27 1-15 2- 1 1- 4 1-11 2-1 12-15 12-31 1-15 (quar.)—,,.; $3 12-31 30c : — — 1-15' $1(4 $2(4 ',$1(4 — ;—- preferred A common preferred Below pfd. (Canada) Co. Gardner-Denver A 5(4 • Washington Ry. & Elec., 5 7o " ; 3-12-43 1-15 1-11 pfd. (quar.)" conv. Wheeler Corp.— . prior, preferred (quar.) prior preferred (quar.) prior preferred (quar.) $1.20 preferred 1- 9 , ; preferred 57o class RR, Cincinnati New Orleans & Texas Pacific Ry.-— . ; 1- 2 (accum.) preferred Refining & Chemical $4.50 1- 25c Washington Gas Light Co., $5 2 1-15 50c 87 (4c (year-end) (irregular)—. — 7% 12-28 1-20 70c — Bond, $2 cum. A Waltham Watch, 1-5 12-19 2-10 Insurance Oil 1-20 12-31 12-30 50c ——; Osage 12-29 (s-a) Eastern: Illinois Quarterly Quarterly Quarterly 1-11 5 Y.) Chickasha Cotton Oil Co. 12-21 25c 77c pfd. (accum.), (year-end) Industrial Alcohol (quar.),-i.—wu„,, Fire 12-31 20c Co. Extra & (initial) 12-26 $$1 (Omaha) Chicago 12-31 1- ? ; 4-1-43 (quar.) (Mt. Vernon, Co., 5(4 Froedtert Grain & 12-31 1-15 1-15 2-1 2- 1 Chefford Master Manufacturing,^,,^—5c 1-20 12-31 „— Holding Chase National Bank (N. 12-26 $2'a ,„_i ■Foundation ' ? 12-31 12-31 12-24' 1-1 12^28 , /Central West Utility 2 12-31 Bobbin & Shuttle, Valley 12-15 1- 5 (quar.),, (year-end) Troy Sunshade Co. (quar.) Union Oil of California (quar.) Union Mfg. Co., $6 preferred (quar.) Central Patricia Gold 12-12 2- 1 1-15 1-15 ' 1-15 $1.18' $1(4 $3c, 30c Central New York. Power, 01- 5' $1(4 ' Co., 4% 7o pfd. (quar.) 5% pfd. (quar.)-^ Mines (quari)^ii__j^ Central Kansas Power 1-25 1- 5 (quar.) Trion Co. Home 12-21 1-15 Super Mold Corp. of Cal. (quar.)__,^,__, 50c Taylor-Colquitt Co. (quar.) 50c Thomson Electric Welding (year-end)75c Tokheim Oil Tank & Pump / 25c Utah 12-19 12-21 Year-end S. lrlO 1-5 6(4 12-28 - , $12(4c $$1% $50c 2% $1 (4 $1(4, Light & Power (s-a) Canadian Pac. Ry., 4(4 non-cum. pfd. (s-a), Canadian Southern Ry. (s-a),_ Carolina Clinchfield, M Ohio Ry; (quar.)_„„ Central Aguirre Associates,.—.1,,^ " 37(4c: Central FdUridry Co. linitial)^-^,^—^' 10c 12-19 1-15 6(4, ~ 1-30 $$1(4 v Canadian 12-14 12-28 —— Superheater U. 1-10 • $50c Investments, Ltd.— Registered shares';'(quar.)^._—Canadian Industries, 7(4 preferred (quar.) ! 1-10 75c $2.(4 Consolidated Corp Telephone, common preferred (s-a)__ Spicer Mfg. Corp.. common (reduced) $3 preferred (quar.) ' Stoney Brook RR. (reduced)—,— " Sun Oil Co., 4(4 7c class A preferred (quar.) (Hartford) 1-11 Canadian General 2 1-15 1-11 12-30 12-28 Bank 1-11 '""12-21'' 1-15 12-31 . 3-18-43 " 75c 2-1 $44cv $$1 ; , 1-15 4-1-43 3C 80c 1-11 7% 2- t $l'/a 2-1 —— 12-26 $1 ■■ ,^,1—,, ^ Harbison-Walker 12-23 75c (quar.) 2-15 1-15 1-25 1-15 1-15 2-15 1-4 1-5 • £i Co. (quar.)—. Sons Co., common (quar.),, preferred (quar.) '• National 6(4 2-22 1-30 1-30 ;l-30 12-30 12-19 12-19 1-26. 1-15 75c ' 75C 1-11 12-15 1- 3- 1 2-15 2-15 2-15 1-15 3-15 / 2-1 12-23 1- ' 1-15 12-31 3-5-43 2-23-43 1-12 12-28 $3.00 iWm.) Fishmart (M. H.) 1-16 1-2 ' $3.50 Guaranty Trust Co. (Canada) (quar.) i Halle Brothers Co., $2.40 conv. pfd. (quar.), 5 37 (4c 37(4c 37(4c $13A 15c 50c 67c S. 1- 25c 7% Southwestern U. 5 75c —; Process, Southwest U. S. • , 1- 4 -4-43 50c 1- 8 2- 8 — 12-29 1- 2- 1 1-15 2- I - 6c $1.00 General Mills, Inc. .. $lJA (s-a)— Quarterly 12-31 1-15 2- $ ' First National Bank, of Pittsburgh (quar.) First National Bank of St. Louis (quar.): 1-11 12-31 1-15 ' ' (extra participating preference (acoum.j Canadian Celanese, Ltd., foreign receipts,,, Canadian Converters, Ltd.-(quar.) Canadian Fairbanks-Morse, 6(4 pfd. (quar.) 1-11 20c Preferred Southern Franklin Union 1-15 12-18 3714c Works (quar.) Southern California Gas, 6% pfd. (quar.)__ Traders 1-15 ' (year-end)3c General, $6 pfd. (irreg.)— $1 (irregular) $1.16%c preferred South 1-15 1-15 ; 1- 2 12-21 1- 4 1-14 1-15 1- 5 : 12-31 12-31 1.1- 6 $13A ■_'■"■• First National Bank 12-28 12-31 12-31 1-15 6% 5(4 preferred (quar.)—$$1(4 Canadian Car & Foundry— 2-15 ^ Royal Typewriter Co., common—";— 77o preferred (quar.) Russell-Miller Milling, 47 pfd. (s-a) 9 First 1-15 3- ' Fireman's Fund Insurance1 (initial new com.) " 2-15 1-15 $iy3 (Marshall) 4% (4 12-20 12-31 12-31 ______ 9 1- Field Filene's 1-15 1-15 1-15 . 12-31 1 25c Co.——,^_„ Extra ' Cordage, $1.39 pfd. (quar.) J32(4c Hydraulic Co. (quar.) 30c British Columbia Electric Ry., 5(4 pfd. (s-a) 2,(4% British Columbia Power, class A (quar.)— $50c British Columbia' Telephone— , 67o 2nd preferred (quar) $$1(4 Brompton Pulp & Paper, Ltd. (quar.),. $25c Broulin Porcupine Mines,, $3c Brown Fence & Wire, class A— $1 Bunte Brothers 5(4 preferred (quar.) $1(4 California Packing Corp., common (quar.)— 37(4c 5(4 preferred (quar.)—^ \ 'Li: 62(4c 5(4 preferred (quar.)—62(4c Callite Tungsten Corp. (irregular)—: ,' 10c Canada Northern Power common (quar.)— $15c 7% preferred (quar.),,—————— $$l3/4 Canada Starch, Ltd., common (irregular),_ i50c 7(4 preferred (s-a),,_^^_—$$3(4 Canadian Bronze, commor) (quar.),——^ $37(4c ■Extra' $50c • 1-15 $25c C.) — 12-31 : $ 1 \'A': - (Syracuse, Foster $1 $$1% $$2 50c tl5c $62(4c 50c Cleaner — 1-22 1 1 I 8 .1-15 Brantford 1-11 1-20 1-15 4-15 1- 2 12-31 12-31 12-31 1-15 3- l 3- 1 2- 1 2- 1 2-19 1-12 ; 2221- ■ Bridgeport 12-19 Pittsburgh, Cine., Chicago & St. Louis RR— :■-■-; (s-a) * Extra 12-16 12- • — 11-25 1-25 12-26 12-28 62(4c $1 ■ 7c 12(4c $1(4 1- 8 1st 6 (4 preferred (quar.) Fidelity-Phenix Fire Insurance 1-15 12-28 12'/2c - , •1-25 . UOc 1-15 12-26 (s-a) 3-15 $l'Va " ' N. Y.) (quar.) Federal Services Finance Corp. (D. ■; Common (quar.) uLiL. 6-19 12-19 6.-19 1-20 1-20 1-20 1-8 12-1 1-29 12-31 1-30 1-30 1-22 1-15 3-2 2-1 4-1 . Farmers & Traders Life Insurance $20c 12-18 1-15 22c ; $2 '■Eureka-' -Pipe Line—^ Falstaff Brewing Corp.^ 6(4 preferred (s-a)," 12-30* 12-31 12-23 1-20 12-31 1-21 1-15 12-29 ■ 1- 2 12- 4 7- 6 .1- 6 i 7- 6 1-30 12-15 preferred (s-a)^u_,—_-_—; 6(4 2nd preferred (s-a)____—_ : Empire Trust Co. (N. Y.) Xquar.),, 1-15 1-15 1-15 2-1 1-15 2- 1 2-1 1-15 1-1 2- 1 2-1 2- 1 7(4 12-19 75c • — $2.50 prior preference (quar.), Atlantic Refining Co., 494 pfd. A (quar.),,, Avondale Mills (monthly) Backstay Welt Co. (quar.) _„•— • Baldwin Company, 6(4 preferred (quar,)___ Bankers Securities Corp.— ■ 6(4 partic preferred (accum.)—'— Barber-Ellis of Canada 7(4 preference (s-a) Bell Telephone of Canada (quar.)——, Benson. & Hedges, $2 convertible pfd. (quar.) Biltmore Hats, Ltd. (quar.)— Blue Ribbon Corp., 5% preferred (quar.),, Boston Edison Co. (quar.) ; Bralorne Mines, Ltd. (quar.)—,,,—_____ 12-21 . Vacuum Ely & Walker Dry -Goods, com. 12-31 12-19 $2.25 $2.25 15c $1(4 $1(4 $10c 57c $1(4 $2(4 > 12-26 Electric ; 12-30 12-15 , — —,— 5% non-cumulative preferred Atlantic Rayon Corp.— 12-26 12-24 1-25 ' - ; preferred ■ 1-15 1-15 50c 1-15 75c 7 1- 6 $1(4' 1- 6 —_____ 12-22; 12-28' $2 $1 ; com. (initial) (quar,)—,, $5 preferred (quar.) Anglo-Huronian, Ltd. (interim) Anglo-Iranian Oil, ordinary (interim),,,,,_ Atchison Topeka & Santa Fe, common,,— 67c :■ $1(4 1-15 1-15 " regis,— Electric & Musical Industries, Ltd.—; Ordinary registered 12-15 l- 5* of Rec 2-1 $l3e . de Nemours— Amer. deposit rets, for ordinary conv. Anchor Post Fence Co., 11-25 ' - 1- 5 1-15 2- 2 $2.25 (s-a)__- — 1-15 12-30 1-15 7-'] ■\-7- •: ; (s-a) preferred i- 5 1-15 2-1 1-15 $1 (4 $1(4 : 12-31 1-15 (E. I.) Holier> Payable $$134 preferred (quar.) ' Duquesne Light; 5(4 preferred (quar.)^-,„i Eastern Steel Froducts, Ltd. Xquar.) Eastern .Township Telephone (quar.)-i,^,_:i, .* El Paso Electric, 6(4, pfd. (quar.) ." 7(4 preferred >A (quar. Electric Bond & Share, $5 pfd. (quar.),,,, 26 preferred (quar.) Electric ■& Musical Industries— 2- 8 2- 1 Pont pfd. (quar.) ' 7(4-preferred (quar.) ,preferred (quar.), $4 (4 12-15 1-11 ; $1(4 30c 37(4c 25c 30c ; (s-a)* preferred 1-15 2-15 15c ' $4.50 12-29 12-26 12-28 $1(4 $1(4 • (quar.),—-— $4.50 12-19 Co. Du ——i. — Common ; 12-24 12-31 12-31 — (s-a) — (quar.) Perfection Stove Co.' (year-end) Sloan 1- 4 American Tel. & Tel. Co. 12-19 11-30 Traffic ;.$7 ,1-15 Extra 40c . Peoples Telephone ■ $1.06(4 Dominion Tar & Chemical, 5(4(4 Inc— $4.25 convertible ' Pan American Investment Fund— • Duplan Corp., 8(4 ■ preferred A (s-a)- $3 \h. preferred B (s-a) $3V2 Extra Penn 1-16 Co. (San Fran.), 4% preferred (quar.) Amosxeag Co., common (s-a)--. 1-15 (Year-end), ' ■ v 30c Orange Co. Telephone (annual) i__—— $6 Outlet Co., common (irregular) .L-, $lJ/4 6% 2nd preferred (quar.),,—-$1% Pacific Finance Corp. (Cal.) pfd. A (quar.) ' 20c Preferred C (qUar. i 16l/tc 5% preferred (quar.) .—V,——i~~~-,J $IV* pacific Greyhound Lines— * ' $2.50 convertible preferred (quar.)..; 87,/2C Packer Advertising Corp. (quar) '• $1 Pacolet Mfg., common (s-a),„.:,i -';■, 40c 7% 2- 1 preferred American Trust 12-29 12-30 ■ 7 7a 12(4c 1-15* 1- 1 12-30 1- 2 $2 $2 (Roanoke, Va.)—-: (quar.), (quar.) When thare Dominion Textile Co.,. " — '— '• Old Dominion Fire Ins. 1- 9 ; — 12-31 1- 2 1- 2 . ,, , 1-15 common,,, —, . 5% 5c preferred (quar.) American District Telegraph (N. J.)— 57o preferred (quar.) American Export Linesi 5% preferred (quar.) American Fidelity & Casualty (quar.)4i—^, American Fork & Hoe 6%-preferred (quar,) American Light & Traction, com. (quar.),,, %70 preferred (quar.)_.i, American Maize Products,- common^,,,^-,American News Co. (Bi-monthly) American Rolling Mill Co.— 4(4 7o convertible preferred (quar.),—L__ American Sugar Refining, com. (year-end), American Telephone (Abilene, Kans.), 5(4 ; preferred (quar.) 1-30 • Per Name of Company of Reo. 12-31 : 12-21 1- Holiere Payable 1-20-43 American Airlines, 12-1 Minneapolis Gas Light-—77 r * ■■■■'■'■ -:: 5% partic units (quar.)— $114 1- 2 12-19 Moore Drop Forging—->• ::./,:■/'::'"Vr'::'.V. 1-20 6% non-cumulative A -(quar.)——— $1^2 2- 1 1-2 Mount Carbon & Port Carbon RR (s-a)-—- ' $1JA 1*14 •Mountain States ehare : 15c 12- 1 —- Per ■'; When ■ . of Ree. 12-19 3-1 2- 5 25c 1-27 12-15 1-21' 6V27o preferred (quar.)————— Liquid Carbonic ■ (quar.) 4V2 % preferred A Little Schuylkill Loft Candy (quar.)"——— Navigation River & Canal— Semi-annually — Corp. (initial) Louisville Gas & Electric -•; -ClassB' (quar.) — : . . ———^ (Del.)— THE COMMERCIAL & FINANCIAL CHRONICLE Per share Name of Company Louisville Gas Common 5% Electric & (increased) preferred 5% MacAndrews 6% (R. & (quar.)— preferred Margay Oil Corp. 7 % & Field Field SOc (quar.)__—_— ' Extra (quar.) (s-a) of Hat Corp., Porcupine $6 pfd. Ltd. Mines, Telegraph (Philip) (quar.)_ Mutual Investment Mutual System, 8 12-30 of . Blvd. Bank Lines Gas Class 1-30 1-15 1-15 148c 1 1-15 i (quar.)— New England Telephone Tel. Tel. & Central adj. Standard 12-31 Standard Fire Insurance 2- 1-15 RR. preferred Ry Class 1-15 12-30 1 1 1-16 1-15 12-31 Steel 12-15 1 1% 30c # 1-15 1- 2 1-15 1- 2 2- 1 1-15 2-1 5c $iy2 $i , 1-23 ________ $i 8 4V2 % 1-15 $iy2 1-15 12-31 1-15 12-10 :■ $1 $1V4 2-1-43 Industries $iy2 2- 1 ■ Gold 1-15 Fruit 5V2% 6% Public 1-15 12-31 preferred (quar.)— 5-15 1-15-43 (quar.)—. 7% preferred (quar.) Northern Ontario Power, Common 6% preferred (quar.) 1 2- 1 1-15 2- 1 12-30 , A 1-20 3-15 3- 3-1 Pacific Ry 1 1-23 Northern States Power (Del.) preferred 1-10 preferred 3- 2-15 1-29 2- 1 2- 1 preferred (accumulated) 6% preferred (accumulated) $5 preferred Norwalk 7% Tire pfd. O'Brien Old (accum.) 1-20 1- 7 y 1-15 $30 1-15 $l'/4 2- 12-31 22- . 1- 5 12- 1 15c • 1 $10c 12-31 1 12-17 1- 1 1-15 12-31 $iy8 2-15 $iy4 2-15 (resumed) common all arrears) ,1-15 2- 1 Mines 12-31 (interim) +3c 1-16 25 c ; 1-15 Pacific Gas Electric & ■ _____ (quar.)___ Pacific Tel 50c Paterson & Tel., 6% Hudson Paymaster Consol. River 6% Ltd., 1-15 $75c 50c ; . 2-1 3- 53C 1 2-15 4- . 50c 1-15 ? 2- 1 3- 1 53c 4- 1 2- 1 25 5 (quar.) 12-31 6% 1-11 6% 1 (quar.) Pressed Steel 4- 1 4- 1 5 $1% 1- 5 12-10 $1(4 1-20 12-31 15C 1-20 115c 2- 5- 3- 12-31 1 25c 1-20 Co., Power 6% Co. 15c 1-15 80c B (irregular) (quar.). 1-15 1- 12-23 preferred Reading Co., 2nd preferred (irregular) A (irreg.) :w— (quar.)_ preferred A (quar.) ——_ ________ pfd. $1.50 Rollins Co., convertible common (quar.—_ (quar.) preferred Hosiery Mills 1-15 $1(4 2-27 2- 25C 2-25 1-26 11-25 1 20c 1-27 (quar.). (year-nd) 12-28* 1-4-43 4-1-43 10 2 3-10-43 1-4-43 50 12-10 25c 12-10 2 the Non¬ source. income tax. $ per Share 400 11-10 1- 1-15 3-10-43 6-10-43 5-25-43 $iy4 1-15-43 1-2-43 4-15-43 7-15-43 1-15 10 10 Park Transit ' Co., Hot , 45 lot and to , preferred— Urbainz Corp. of Penna., preferred Ninth National Bank & Trust Co 100 r ; 1- 41 lot ___l lot 7-2-43 17 Vac 1 lot .40 lot 15 lot 8 69th St. Terminal Realty (no par) 201 2(4 Co———— 2 lot : BONDS Per Certt 2 $3,000 1-12 lot Co., common—26 lot Rail Road Shares Corp, common (no par) 20 lot J. E. Curran Corp., common (no par) Hot J. E. Curran Corp., preferred (par $100)-—2 lot 6 '/a 4-2-43 $l'/4 4'A* & Fairmount Park Transit 225 2-25-43 40c Fairmount ,225 12-23 40c Land 3% . — 15 9 87'/2C $ per Share . — 211 12-23 Thos. Conway, Jr., Corp., deb. 7s, 1932 Hot 2- 1 3- 1 2-20 $500 Merion Cricket Club, deb. 4s,1958 reg— 2-1-43 1-16-43 $100 Merion Cricket Club, deb. 4-17-43 $2,000 $1 $1% 37j/2C 3?y2c 5- 1-43 4 • 37y2C 8- 2-43 7-17-43 _ 39 lot 1958 reg—10 lot Fulton Flatbush, 1st 6s. 1948 C-D___ —.1—•— 22 lot 4s, Philadelphia Transp. 3/6s; 2039 scrip—;———_ 76 • 1-20 12-31 1-20 12-31 1-20 12-31 $2% 5-1-43 4-20-43 $2ya 11-1-43 10-20-43 2-11 1-14 ___ 1-14 12-24 $5 1-15 12-30 1-15-43 1-2-43 FOREIGN EXCHANGE RATES CERTIFIED ssV'.: different countries of the . . ' , , RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 25 TO DEC, 31 INCLUSIVE ' < 1930 BY ' FEDERAL" DEC. Noon Country and Monetary Unit ; Dec. 25 Argentina, peso- $'. ;v Holiday ; Free • , Fret'_____ • - • Free_ .060583* i Colombia, peso_—__ England, pound sterling— Dec. 31 :■ $ .237044* '.297733* ■ ■.297733* .237044* 3.228000 3.228000 3.228000 rf ' yy ' ; -.237044* 3.215033 3.215033 3.215033 3.228000 • , V: .060586* 3.215033 .060586* .051525* ' .051500* .909090 ,909090 .879296 ' .572200* • /. -V V .882265 .051525* .909090 .909090 .884609 .. 884843 .572200* .. ,572200* y .;V: .060586* .051450* .060586* .572200* 4.035000 Free (British), rupee Mexico, peso— Holiday 4.035000 4.035000 4.035000 4.035000 4.035000 .301215 .301215 .301215 .301215 .301215 .205725 — 4.035000 4.035000 Official— .205725 .205725 .205725 .20572^ ,, / •• •' . • • 4.035000 , 4.035000 • Newfoundland, dollar— $1% 1- 4 12-22* 2- 1 1-15 Union of South Africa, 2-20 .572200* India $iya 12-26 ; .297733* % ' f • New 1 - :: $ V .879017 12-30 4 Dec. 30 1 5 ".237044* ' .909090 — — 1-15-43 3- Dec. 29 " .297733* .297733* -V • 1-15-43 1- Dec.28 : .051500* Canada, dollar—; Official— I 1-15 25C " :: V: 3.215033 .i—______ 2-1-43 37y2C Dec. 26 - i OfficiaL— 2-1-43 9 .. Brazil, cruzeiro— $5 1- . 3.228000 15C 1-20 Buying Rate for Cable Transfers In New York Value in. United States Money .237044* Australia, pound— 15c 25c . Tariff Act of 1930, the Federal Reserve Bank is now cer¬ 4 12-18 5c 125c (accum.). 6% preferred B (quar.).____ Reserve Investing, $7 preferred (accum.).___ Reynolds Metals Co., 5y2% conv. pfd. (quar.) Riverside Cement Co., $6 1st Button 1-15 2-15 50C Corp., $7 preferred Regent Knitting Mills, Ltd Republic Investors Fund— Rochester 12-15 25C (quar.) Reed-Prentice 6% 1-15 20c (s-a— — 12-31 4 Official (quar.— common , at British oii^Wednesday* Bee. 16, by Barnes & Lof- tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the world. We give below a record for the week just passed: ,T Official 5C preferred 22 12-31 1-15 4 50c ___— Rath Packing Co., 5% 5% preferred (s-a) 6 1- 50C . _ class __ 12-24* 18c (quar.—_~ common Less a 12-23 $2 (quar.) Corp., Class " > deductible 2%. 12-19 t $ 1 (4 preferred .4 | 1-15 12-30 — preference Quaker Oats 125 : 1- Pursuant to the requirements of Section 522 of the 12-15 (monthly) 6% preferred (monthly).. Puget Sound Power & Light Co.— Quebec __ 12-19 1-15 : Radio Corp. of America, Railroad Employee's —_ preferred (quar.)— preferred (quar.) 12-31 1-15 1-15 preferred prior tax Emergency Aid Realty Corp., common Hot Andorra .Nurseries, Inc., preferred (par $100)_______ l American Commonwealths Power, "A" common____ Hot Philadelphia Bourse, common____— 8Y» Octavia Hill Association (par $25)——1% Telephone Securities, preferred 1 3V2* J. M. Sons Building Co., 2nd preferred-l lot Christian A, Fisher B, & L. Assn. Book 392, 2nd Ser. 49 lot Atlantic City Ambass. Hotel, vtc,, common— c____ 2 lot New York Ambass., Inc., vtc., common 2 lot Central States Elec. Corp.; common 4 lot Railroad Shares Corp., common (no par) 26 lot 15 $iy4 — 3 1-14 East Dome Mines (quar.) Procter & Gamble Co. 8% preferred Proprietary Mines, Ltd. (year-end) Public Service Corp. of N. J.— 5% funds, resident tax, Foreign Exchange Rates 12-10 • 20c ; Preston 6% dividend. 10 12-15 25C __________________ 3-15 1- $1% ' 175c (extra—. _ Car this dividends." 1-15-43 65c 75c iiy2c Insurance Mining Canadian 15% ; for 12-31 2-1-43 4-20 12-18 1-11 1- 9 closed 10c Emergency Aid Realty Corp., preferred———I 500 12-15 1- $7 conv. pfd. (quar.) Universal Leaf Tobacco, common (quar.) Valley Mould & Iron, $5.50 prior pref. (quar.) Virginian Railway, 6% preferred (quar.) 1 not accumulated common 12-21 5 ,1- 5 25C (resumed) (quar.) preferred (quar.) United Stockyards 70c 1-25 i$iy2 partic. preferred Accident Gold 1-10-43 25c (accum.) $5 2- 1 5 20 — States Sugar Corp.— 6.4% participating conv. pfd. A (quar.)___ 6.4% participating conv. pfd. A (quar.) $5 preferred (quar.) 2- _________ Preferred Premier $2% 62%c 37 (4C 1-15 30c 5- 3-1 ' 2-20 Scrip Certificate dated Aug. 4, 1937, for 400/600ths 1 shard stock Wilbur-Suchard Company, Inc., 3-15 1-20 12-21 , 1- 1 of _ 2-15 1 1-4-43 1-15 2 (4 c . class A 1 4- $8 25c % —_ 3- $1 1-21 1- 5 1-15 3- 50c . " common Wilbur-Suchard Chocolate Co., common— All right, title and interest of the holder in 66 2-15 58 VaC . 30C 1-15 $2% Plymouth Cordage Co. (quar.) Plymouth Cordage Employees* Stock (quar.) Power Corp. of Canada, common (interim— non-cum. 2- Co., preferred prior preference 1 - 1-15 1 Improvement Haverford Land & Improvement Co.' : Chicago & Northwestern Ry., old common— 1-15 Plywood Corp. Smelting Refining & Mining, common. 7% preferred (quar.)___ ;____ 1 $12 ":50c Haverford 1-19 ,v 58y3c —_ S. 2- 1-15 STOCKS 3-15 58'/nC S. 2- ' $14 Tioga National Bank & Trust Co. - 3-15 53c (quar.) $5 preferred ?; • * 20 12-24 $1% $1.10 Full'Fashion Mills, 6V2 % pfd. (s-a— Pittsburgh Bessemer & Lake Erie RR (s-a)_ Pittsburgh Fort Wayne & Chicago Ry. (quar.) 7% preferred (quar.) __■ 6% 2-15 $i (quar.) preferred 2-5-43 2- (par $25) Germantown Trust Company (par $10) Internatlorial; Match Corp., preference C/D 30 20 — 9 ' 25 ; 12-31 1-15 (quar.) (clears all arrears— $iy4 Pilot 1st 12-31 2-15-43 7% prior preference t$iy2 * • Philadelphia & Trenton RR. (quar.) Phillips Pump & Tank, class A ' 6% 1- ' Land Title Bank & Trust Co. 60 • 1-30 United ;. i- 4 1-14-43 35c (quar.)_ (quar.)—-—— 1-15 1-15 Uc (interim) (quar.)__. preferred 12-31 $i Pennsylvania Power, $5 preferred (quar.) Peoples Gas Light & Coke Co. (year-end) Philadelphia Co. (irregular) Philadelphia Electric Co., common (quar.— 4.4% 12-31 $1% (s-a) Ltd. $1.40 class A common preferred RR Mines, 12-31 1-15 U. • preferred Peninsular Telephone, Penmans, __ 1-15 $.iy2 (quar.) (quar.) Paraffine Companies, Inc., 4% pfd. (quar.)_ & 1-15 $1.25 . Lighting, $5 preferred Pacific visits Leather Co. 7% U. Trust Associates— Series Trust shares (quar.)_ Canal & 7% 12-26 Colony 1st RR. Class A (resumed) •' Gold S. U. 1-15 1-15 $2% ___ 12-31 in tax, of Shares 1-30 .v, 10c 50c __. Foil 12-31 ' $1% _________ land, Philadelphia:' 1-21 t$l3/4 (monthly) — S. " 1-15 Transacted on: Wednesday, pec. 23, by Barnes & Lof- 8 — _______ Extra . 2-1 1-15-43 . . Shoe Machinery, common (quar.) preferred (quar.) U. S. Fidelity & Guaranty Co. (Baltimore) Quarterly U. 20c preferred J. 1 , (quar.$11/2 pfd. (quar.)__ $lI/8 . ' —_ 6% 12-31 1-20 N. i-ig . ' 12-31 1-15 45c ■>. United 1-4 , $1(4 (clears prior 75c .___ (Minn.)— Rubber, 7% 7% 87t4c _________ (quar.) & 12-31 12-31 2- i; _ 5 1-7 $1 v-I-15'. (monthly) 12-31 12-31 '12-31 , 12-31 3-15 175c preferred 2-i 1-2 1-15 (par $10) 4 (par $25)___1 15 11 City National, Bank, Phila. (par $50) 10J/2 20 Fidelity Mortgage Guar. Co., preferred-_-—^—»____ 1 19 Centre Moriches Gardens, Inc., preferred— 1 17 Centre Moriches Gardens, Inc., common____ l 44 Bonham & Young Company, common l 15 Bonham & Young Realty Co., Inc., common—______ 1 ,116/20 Babylon Gardens, Inc., preferred 1 19 Bonham.& Ypung Co.^ preferred (par $100)_;_iwvi_%_ 2 ^,50 Commonwealth Securities, 4 l 4 Industrial Realty .Shares, Inc., "A" common——— 1 5 90/100 Palestine Economic Cp., commoi 2 400 Heclar Extension Mining Company 1 7 Sicilian Petroleum Syndicate, Inc._____. 1 , 200 Ninth Bank & Trust Co.__,_____—VU 12-31 $750 — (monthly) (monthly) (monthly)— preferred 6.36% — 7% Northern States Power ;■ 1-9 1-15 Second National Bank, Phila, 10 12-31 31 «/4C' prior preferred 1-25 $i 1-15 'v 30c $i»/2 STOCKS i00 1-16 1-15 75c prior 1-25 $iy2 ,_ (resumed)—; books Transacted . 1-14 i2y2c . _, Northern pfd. (s-a) % $3 (quar.)— —$1% land, Philadelphia: , (quar.)—__— Light & Railways Co. (Del.) preferred (monthly) United 1-20 4V2% Shares 2-19 1-10 $10c Ltd. 1-14 $1(4 _________ 2-1 1-13-43 2- 12 (4 c 7% $1% preferred 1-20 8-14 60c V 12-31 1-14 , 2-1 50c - 11^. • v SOc Co._L.________.v— • (bi-monthly) (Rudolph) Co., 1-15 ' . 1 (monthly) prior preferred (monthly) prior preferred (monthly) $1% ______ & preferred fPayable 6-15 :f.l0c Co. 6.36% Service— 12-31 —2-1:'' $$1V4 1 preferred 7% C.) account resident 9-15 $iy4 prior 6.36% 12-31 $2 y' 2-15 tOn ■ Northern Indiana 12-20 1-15 . preferred Mines 6% 1-23 $2 _______ _______ 3-15 40c (quar.) (quar) 6% 1-30 1st •Transfer 12-19 12-31 (Trenton, N. J.)— — convertible United 1-15-43 2-19 1-20 1-15 Phosphate & Acid Works 6% $1 2-15 1-15 $iya — pfd. con. $5 preferred (quar,—— United Bond & Share . United _____ , 10c (resumed) (quar.—_ Tacony-Palmyra Bridge, 5% pfd. (quar.) Teck-Hughes Gold Mines, Ltd. (interim) Trade Bank & Trust Co. (New York) (quar.) Tuckett Tobacco Co., Ltd., 7% pfd. (quar.) Union Electric Co. (Mo.), $4.50 pfd. (quar.) 12-31 1- (quar.) Co., $6 preferred (accumulated)—. Wurlitzer Sylvania Electric Products— 12-31 J 13c V $iy2 $iy4 ■ (quar.) ;___ B,), 8% preferred (accum.) (John Sylvanite 1-15 1-18 12-20 $1% 5 % preferred (quar.)_—___ Canada, Ltd., common (quar.) of Sun-Glow pfd. (accumulated) Worthington Pump & Machinery Corp,-—7% preferred A (accumulated) 6% preferred B (accumulated) Wrigley (Win,) Co., common (bi-monthly) 12-20 1-15 35c 4 preferred Stetson 1-15 . $75c (quar.)__^_ ___ 1-15 12-18 Cal.— (R. 7% 2-15 $iy4 5% pfd. (quar.) Ltd., class A (quar.) (quar.) ! — Wholesale Co. of "Wood (Alexander & James), Ltd.— 2-15 3-,i. . $iy4 a' (Ohio) (Increased) Stanley Works ' ' _ Co. ' _— (s-a) 1-16 2- $iy2 (resumed) (s-a) 1-16 .3-1 $iy4 Standard Radio, B 2-15 75c Oil Standard 2- 137 y2c (quar.) (quar.) Northern Central Ry. 12-31 2- ___________ Central 3-24 1 *20c Quarterly 1-15 ' (quar.) Dredging, $1.60 Standard 1 75c Norma Hoffman Bearings Corp.— 7% preferred (quar.) — Northern 1-15 3- $$iy2 . (quar.) $4.50 preferred 12-11* 50c Co Co. 4- 25c Newport News Shipbuilding & Dry Dock— $5 convertible preferred (quar.) Norfolk & Western Ry. Co.— 4% 12-31 1 2-15 30c Water, 6% pfd.,(1897 series) 2-15 37y2C ____ ; com. 12-31 _________ (quar.) Inc., 1-15 _ (quar.) Naumkeag Steam Cotton (irregular) Brands, 1-15 15c ___________ (Washington, D. C.) Standard 1- 1 1-18 1-15 ___—> Wisconsin Gas & Elec., '2 6 1 2-15 prior preferred'-(quar.)—. Common (quar.) 1-15 $1 —__ Participating Brunswick 12-31 . preferred series A 50c Ltd., $1.50 pref. (quar.)_ 6% preferred B (quar.) Money Corp.— New .1-15 $5 30c Co., preference preferred (quar.) Squibb (E. R.) & Sons— 2-15 1- 3- 8-15-43 2-15 $lVa •/ • Wisconsin Electric Power— 1-2 5-14-43 8-31-43 $1%. (quar.)__ Wilson & 12-31 5.39-43 35c pfd. Williams 12-31 > 6 3: $iy2 (quar.— (Dallas, Tex.) 3 1-15 1- $i3/4 1-f) $iy2 . common Co. (George), Ltd., 5% Sewing Machines^— Wichita 1-2 - 2-13-43 Public, Service— 6V2 % 3c (quar,)... common Southwestern Life Ins. 2- 1-15 34 %C iiv Southwestern 3- .. —i 12-28 1-15 1-15 12-31 2-27-43 •' $4 convertible preferred (accumulated) Wichita Union Stock Yards, 6% Ltd.— preferred—— 50c (quar. National Power & Light, $6 preferred National Savings & Trust Co.— 5% $2 12-31 ; 1 30c non-cumulative, 25c A Power, 1-15 2- 4 " . 12-31 1 10c Grocers, Lead 2- Canada 1- 12-31 1-15-43 $i participating preferred (quar.— New England Telephone Co.______ Southern Railway Co., 5% non-cum. pfd.—_ 5% non-cumulative, preferred.— 12-31 5 30c 6% 1-11 1- 37Vs>C Southern 12-11 $1% — (quar.)___ Co. 2- California Edison Co., original preferred (quar.) preferred C (quar— Southern White Ltd., (s-a) Weston 12-18 25C !:%< 1-15 ____________ 5% 12-18 4 1-15 4-10 $1% $1% (quar.—_ _ 4!/2% Co., preferred 4 y; $iy2 — 5'/2% 2 1 of preferred 1- (accumulated) (accumulated) Southern 1-20 2 lc ______ City 1-15 2- $1(4 Chicago (quar.) National Bond & Share Corp.— National Cash Register Co. (quar.)_______— National Fuel 12-31 75c _______— . 1-15 1-15 (quar.)__— (s-a>_ Co 8 1-15 t38c . — ___. Detroit Biscuit 1 1- $1.06 y4 (quar.)___ National Bank 12- 1 50c (quar.)—% common 5 $iy2 (quar.)__— Co. 1- 2- — 7% 1- $$iy2 (s-a—— preferred B Penn '1- 25c preferred (quar.) convertible preferred (quar.) 2nd preferred (quair.) ) 6% 1-29 Grocers, Pipe & Steel 130c convertible 6% 6-20 5c Inc.—.—_—__ Fund, Inc., preferred New York 6% 8 $1% (quar.)_____2_____.______| $L50 12-30 8 West U5C Paper Mills, 6% pfd. (quar.)-' series (quar.)^ Power Western 12-18 4_2o _________ preferred preferred- 1-20-43* $4c Southeastern Greyhound Lines, com. (quar.) 6% non-cumulative, preferred (quar.) i 1- J2c preferred National 2- 12-31 7- Mount Diablo Oil Min. & Developmt. (quar.) National :'?• 25c — & Co., common Mountain States Tel. & Tel. National 1- $iy2 — 4 Va conv. 2-15 y .1-15 $iy2 (quar.)— (quar.) (Howard) Sorg Electric, 6% 1-20-43* $1 Va _ common— Solar Aircraft Co., 50c conv. pfd. A Paper, 6% 7% $i% common— 1-25 $3 (quar.)___—— $3 Smith Corp., 1-20 X3c (quar.) preferred National 12-31 Rayon 1 (interim)— Light, Heat & Power National 1-15 Skenandoa Canada, (interim) 1-30 (extra)..;—_ common Ltd. 414% National 1-15 47o-6% Water, 7 % pfd. (quar.), Society, class A Montana Power Co., $6 pfd. (quar.).—— Montgomery Ward & Co., common—______ 8% 1 (quar.)__ $3y2 . of Co. (Quebec) preferred preferred West Penn 2-1-43 1- 4 $i3/4 preferred (quar.—:• ' (quar—--___________ 'O' Western (s-a— 2- Loan % 2- , i- 1- 5 3-10 1-20 4';,^; — of Rec. 8-20• V. "'$134 , 7% 2-1-43 $1C Williams Mines Juice, $1 (s-a) $1 Va Monongahela Valley Morris Sigma $3 Petroleum, Montreal Sherwin 12-31 (quar.— Holders Payable SI— (quar.).—___________ $l»/a • When ;share common___ 7% 12-31 X .: Grape Co., 1% 12-31 1-15 1-15 preferred Welch . —: 12-31 $3 1-15 preferred 7% i - ______ 1 i30c v. V 25c $3 $ 1 V-i (quar.) •' Security Storage (Wash., D. C.) (year-end) Sheep Creek Gold Mines (quar— 12-31 2- t$iy2 (quar.)_ (quar.)J_—— 2 (s-a) preferred 1-15 y2 c ■ Detinning 7% 2 25c ■ . 2nd preferred 35c — Chicago (s-a)_— i':—_________I * Merrimac Montreal 7% $3 62 ————__ 1- 22%C (quar.)_ , (irregular) Co.— preferred Extra _____________ (Boston) Bank Mill Monroe 1-20 28c ———_____________— Bank Mississippi Power & Light, Moneta 6% 12-19 __ common 5 1- jName of Company . Vulcan Scruggs-Vandervoort-Barney, Inc.— 12-19 ; U7y2c Paper Co. 1- 1-15 $75c . , 12-19 9 1-15 Semi-annual City 1- 1-15 (accum.) $4 preferred (quar.)— — $4V2 preferred (quar.———______Li 12-31 J20c —_— (irregular) 6%. pfd. (quar.) Diego Gas & Electric, preferred (quar,— 1-15 Per - 1-.5 |25c i-V' 1-15 (accum.) 5% 12-30 1-15 V. 25c ' Trust RR. Co., Nat'l San of Rec. 1-20 $i Corp. 4% cV. pfd. A Paper Mills,' 6% pfd. Monday, January 4, 1943 Holders Payable ■' •;vV 12 (/»c ■-V (quar.— Schwitzer-Cummins 12-31 ■'> 1-15 37V2C (quar.)___— Corp., Nat'l Merchants 12-31* 12-31* 1-15 ' 5% pfd. (quar.)—. Melchers Distilleries, Ltd., 6% participating preferred 1-15 .1-15 50c 60c Scott (quar.)— McColl-Frontenac Oil, 6% preferred Merchants Lawrence Lawrence ___ Corp. Stores St. St. Associates— preferred Valley Stores 12-31 12-31 & Co. Utilities McCrory 1-15 When share — • ___________— Paper Co. 1-15 3>/2% Massachusetts McLellan Croix — (quar.)_ Investors McCall St. Co.— (Marshall) partic 12-31 $iy2 — (quar,) Ltd., common (quar.)_ Massachusetts Massawippi 1-25 • Pump Co. $1.25 (quar.). preferred series B Marshall 5% Y.) Calculating Machine Maritime Tel. & Tel., See —: (N. Trust Co. convertible $2 Marchant Name of Company of Rec. 31 (40 ___— class A preferred Manufacturers 50c ■ (quar.) common (year-end)_ Forbes, C.) Per Romec _i~._ —-—_ ($25 par) preferred Payable Holders . (quar.) preferred Mahon (Ky.j— Co. When : 38 Official— ,909090 — Zealand, pound Uruguay, .909090 .909090 .909090 .909090 .876666 pound .879791 .882291 .882291 3.227833 3.227833 3.227833 3.227833 3.980000 i .876666 3.227833 Free 3.980000 3.980000 3.980000 3.980000 peso— Controlled ___. Noncontrolled •Nominal rate. .658300* .658300* X58300* .658300* .653300* .527425* .527340* .527340* .527340* .527340* ; COMMERCIAL & THE Number 4139 157 Volume 39 FINANCIAL CHRONICLE Week West •' A.:' \'V Clearings—Returns by Telegraph A/'A 1 . "iA •"■'•. A' ' .. New A—; 830,835 412.7 533,543 500,608 5,277,000 —14.3 54,587,753 3,528,000 44,080,198 46,490,380 7.7 + 5.7 2,433,000 1.090,515 1,426,370 Carolina—Charleston—1,602,355 South 1,699,480 98,311,800 31,818,636 100,443,061 — 2.1 86,387,060 73,016,310 31,333,926 + 1.5 28,122,308 22,829,073 195,991,369 194,172,655 + 0.9 164,057,479 146,359,886 Maryland—Baltimore District of Columbia—Washington.Total (6 cities) — Sixth Federal Reserve District—Atlanta— Tennessee—Knoxville AA^'; A' ''A A;' .'.''AAA > V.' -A \1'' ;'• $ 936,741 4,525,000 ——— Richmond—— •' 6,435,100 A_______ Georgia—Atlanta 1,860,135 37,832,478 ' 18,804,306 76,100,000 1,583,346 62,300,000 —31.6 1,550,001 31,426,000 39,152,872 A_A____.A_:A— Macon Florida—Jacksonville___i._____AA+ 21,355,466 9.4 .f- 2,721,195 ""l.SOO.OOO 41,634,278 Augusta 'AAAA.| ChiCagO___AAAAAA A A^AA: 'A 316,306.080 .A. 361,928,451'—12.7 v AA.'AAa Philadelphia—A————_A__AAA—— 420,000,000 ■■■■■■ 490,000,000 —14.3 AA• '• ' Boston : 1 AAA " '." 275,619,758 257,249,050 "+' 7.1 AAV.:'• A A "-AA Kansas CityA A—A. A—134,254,591 125,149,320 + 7.3 :A'AaA St. Louis A ;! : __AA A 118,200,000 ./A 122,200,000 — 3.3 A-'<; San Francisco A ____-.__._Ar—-— 224,424,742 ', 165,470,000 +35.6 *•'. Pittsburgh.—' 187,943,708 211,675,065 —11.2 Cleveland—— —A—. 176,754,893 A 154,769,197 + 14.2 5,208,314 5,338,867 —17.6 30,249,703 97,200,000 —16.9 7,740,141 24,916,975 88,100,000 Nashville Week Ending Jan. 2—aA AA- "v.. 'A'A 1943'.; : A. 1942 A.-" rAv A. A; ...A1 York-—AAA—•• $3,543,651,218 $3,325,053,152 + 6.6 A'-A'AA 1939 $ 58,796,837 Virginia—Huntington Virginia—Norfolk inary figures compiled by us, based upon telegraphic advices from the chief cities of the country,4 Indicate that for the week ended Saturday, Jan. 2, clearings from all cities of the United States from which it is possible to obtain weekly clearings will be 3.7% above those for the corresponding week last year. Our preliminary total stands at $8,339,209,521 against $8,040,559,371 for the same week in 1942. At this center there is a gain for the week ended Friday of 6.6%. Our comparative sum¬ mary for the week follows: A' 1940 Deo. 7o Fifth Federal Reserve District—Richmond- Prelim¬ show an increase compared with a year ago. Bank clearings this week 26 Inc. or $ THE COURSE OF BANK CLEARINGS t Dec. Ended 1941 1942 ' 1,515,736 ' 3.2 1,144,447 946,447 + 20.4 23,451,000 19,512,000 6.0 30,556,182 2,096,453 24,781,654 — • • „ Alabama—Birmingham — — __ Mobile v ._. _ Total 100,553,881 "123,505,365 A—A—A———i 3,426,421 + 24.4 161,759 147,029 + 10.0 58,578,511 + 22.8 >£3; — 266,809,009 '••■V.':.*•'X';)•, ■ 274,673,279 $5,520,660,365 1,141,890,900 A—_A \ — _AA—A... Total all cities, five days. . , $5,314,048,116 1,150,707,252 Ten Cities, five days . .;A\.A other cities, five days All Cities, one day _AA—A A $8,040,559,371 /++ Lansing— in 2,838,535 Bend-— we able to give are Total this show an 6,545,326 21,895,319 20,474,635 1.437,533 + 34.8 11,421,534 10.307,267 + 5,304,299 409,330 386,654,706 4,556,913 420,527,800 1,377,657 1,829,737 4.254,036 furnish we 4,239,134 OF : Week Ended $ Federal Reserve Districts 12 . 2d New York,. 12 3d Philadelphia 10 11 M 6 Atlanta 4 . 9th Minneapolis «« 359.995,605 194,172,655 + 0.9 164,057.479 146,359,886 176,881,69$ 202,910,261 2.9 ,- 238.634,383 216,129,597 +10.4-v 161,805,281 y 274,673,279 513,257,285 134,004,428 + 20,7 .A 103,822,852 i« «i 6 «• 10 190,700,353 + 22.8 140,414,714 5.0 — 409,129,633 *"• ■ now add 152,535,044 A. 37,375,229 20,973,815 15.0 28,378,300 441,000 + 10.4 162,992,442 152,535,044 — 121,300,000 56,607,877 37,534,720 687,000 238,634,383 1,117,211 1,269.930 216,129,597 + 48*6,000 4,517,021 3,364,468 3,762,128 25.6 67,590,789 66,947,017 + 8.6 25,439,283 25,390,318 2,904,359 2,225,885 1,960,303 1,228,510 1,207,833 5,546,321 1,010,317 +19.5 728,317 616,594 3,768,044 + 47.2 3,638,265 2,979,313 161,805,281 —' — 15.8 + 35,569,715 2,863,532 ;A —— + 85,885,659 38,621,208 — 3,901,691 107,820,856 A—_—— A (7 cities) 134,004,428 +20,7 103,822,852 102,348,677 + 76.2 1.4 — 964,643 27.4 + ; 835,845 693,004 + 11.9 68.950,135 + 8.5 244,513,126 6,879,211,075 + 6.2 5,923,096,981 5.895,877,360 3,637,562,520 3,449,917,085 5.4 2,725,690,836 382,767,068 + 27.2 298,050,922 80,561 121,821 + 10.4 132,400 121,871 2,563,542 + 13.3 2,743,197 2,299,791 40,607,637 + 45.2 30,166,653 27,743,402 2,314,956 + 45.2 1,784,915 6,357,140 154,881,786 4,921,978 + 29.2 3,558,269 2,914,593 134,944,652 + 14.8 97,607,426 90,893,817 5,368,481 3,771,896 + 42.3 3,079,948 2,611,819 860,919 683,151 525,060 + 64.0 546,027 489,080 770,224 —11.3 711,505 565,140 234.041,044 190,700,353 + 22.8 140,414,714 129,778,644 2,296,847 A : ———————— A!— A — — 274,969,709 Joseph__; —— 158,587 2,058,570 2,624,095,331 486,898,536 84,374 214,662 "175,000 St. 233,608,821 7,308,807,287 District—Kansas City— 2,905,708 58,948,993 Hastings— Missouri—Kansas City„—A--_— + detailed statement showing the figures for each city for Pueblo Total (10 Cities)——' the "1941 1942 Inc. or 1940 ■ A —A.—- — 2,010,406 91,299,184 *12,500,000 2,868,000 A" 1,273,557 —12.5 1,206,361 1,530,786 80,130,151 + 13.9 55,173,885 56,726,000 11,922,835 + 4.8 6,361,664 + 4.0 6,052,506 2,246,000 2,757,000 2,668,000 1,598.808 —20.3 855.867 870,003 4,359,538 + 23.3 3,415,516 2,614,106 ———115,327,247 103,065,179 -+11.9 68,950,135 70,770,559 40,593,160 34,875,258 Falls—„—— 1939 , Dec. % $ $ -A Louisiana—Slireveport-—5,376,100 Wichita at— District—Dallas— — Fort Worth— 26 Dec. -—_. Texas—Austin Galveston Week Ended A Springs Colorado—Colorado week ended Dec. 2-3 for four years. Clearings 93,700,000 40,773,142 s—— Dakota—Fargo Wichita 70,770,559 103,065,179 333,801,543 32 cities our 93,400,000 14.3 0.5 District—Minneapolis— Eleventh Federal Reserve We 17.6 + —— A Dallas • + —18.7 Omaha 417,057,866 • A 162,992,442 ; 115,327,247 a , 417,057,864 0.4 — Kansas—Topeka—AAiAAA_——3,645,204 129,778.644 — 362,286,838 ;A,;A cities 111 409,129,633 790,000 Lincoln ■ 10 5.0 64,714,318 Nebraska—Fremont-. ; : 102,348,677 234,041,044 l« 7 . 513,257,285 30,530,065 Tenth Federal Reserve 413,939,930 381,118.953 1.4 266.809,009 if if A 1,020,285 487,514,594 ... Paul Total 3.392,728,701 449,699,233 J:: + 14.2 — 487,514,594 Z u 17 . 3,312,770,055 548,704,713 497,305,909 195,991,369 A-, '•AM 10 . 7.2 541,276,007 , 340,086,838 1,014,112 298,877,937 567.948,766 *• 368,078 332,498,899 3,598,669 142,600,000 Minneapolis—A— A $ 305,832 8.1 + — 3,458.261 1,549,377 1,332,401 1939 $ + 3,563,573,630 A'.:?* 1940 11.9 —24.8 365,926 — A—_. (4 cities)— Helena- 282.718,098 3,380,073 —17.6 Montana—Billings 2.3 10,007,702 2,069,811 South Dakota—Aberdeen—A—I—. + 8,786,774 3,217,865 1,769,435 Louis Ninth Federal Reserve North Inc. or 951,902 10.8 + 16.4 1,457,344 Minnesota—Duluth St. : A Dec. % 309.822.504 3.820,360,097 .v-'.'T • 7 6th 1941 :i $ : • 316.812,652 cities 1,163,909 > 2,059,229 14 (17 cities)—— Total CLEARINGS 1942 26 Dec. BANK . Illinois—Quincy by Federal Reserve Districts: summary a SUMMARY —_ Tennessee—Memphis District of 11.9% and the San Francisco Reserve District of 8.5%. following • Kentucky—Louisville by 0.9% but in the Atlanta Reserve District the totals are smaller by 2.9%. The Chicago Reserve District suffers a loss of 5.0% but the St. Louis Reserve District a gain of 10.4% and the Minneapolis Reserve District of 20.1%. The Kansas City Reserve District has to its credit an improvement of 22.8%, the Dallas Reserve In the 1,881,313 5,447,335 14.1 Eighth Federal Reserve District—St. Louis— that in the New York District (including this city) the totals increase of 7.2% and in the Boston Reserve District of 2.3% but in the •enjoys * 19,173,000 2,238,209 33.9 A- Missouri—St. it appears Philadelphia Reserve District the totals record a decrease of 1.4%. In the Cleveland Reserve District the totals are larger by 14.2% and in the Richmond Reserve District - 18,929,000 6.9 — + —_ Springfield at this centre having recorded a gain of 7.2%. We group the cities according to the Federal Reserve Districts in which they are located, and from Moines— Peoria bank' clearings 2,295,972 0.5 — 2,633,101 + Rockford- ings for the whole country having amounted to $7,308,807,287, against $6,879,211,075 in the same week in 1941..- Outside of this city there was'an increase of 5.4%, the + 17.5 2,416,408 22,895,000 6,321,171 Decatur—________ the final and complete results for the week previous—the week was an increase of 6.2%, the aggregate of clear¬ 1,205,362 1,938,323 Chicago For that week there ended Dec. 26. 3,207,104 1,515,125 1,990,425 25,298,294 — City Illinois—Bloomington Accordingly, in the above the last day cf the week in all cases has to be estimated. in the elaborate detailed statement, however, which we present further below 474.464 3,350,383 8,462,342 i. Sioux Saturday and the Saturday figures are not available at time of going to press. ends 436.407 7.0 — 28,864,053 Haute Iowa—Cedar Rapids Des 7.8 + 2,077,300 22,780,120 2,451,908 Wisconsin—Milwaukee Complete and exact details for the week covered by the foregoing will appear our issue of next week. We cannot furnish them today, in as much as the week 176,881,692 + 21.8 767,366 3,743,089 2,529,423 — Indianapolis Terre 120,562 41,778.074 202,910,261 2.9 — 707,422 Indiana—Fort Wayne 3.7 1,914,099 120,454 41,169,046 4,004,333 Grand Rapids— South ; District-r-Chicago— Michigan—Ann Arbor $6,455,939,016 + 3.3 1,984,620,355.-16.0 $6,671,367,617 1,667,841,904 $8,339,209,521 'Total all cities for week 3.9 + 14.2 + !'.■ . Seventh Federal Reserve , 4,263,333 , k Orleans (10 cities)— ' A— — 62,586,357 : Mississippi—Vicksburg Louisiana—New . 1'' Baltimore . A:Ar' ;'$ Total ^; (6 cities)— First Federal Reserve District—Boston- 3,660,698 *' Massachusetts—Boston— 727,681 Lowell—;—: 402,436 Springfieldl : ; ! Worcester-— ■ :A-A—AAA New Islands—providence 6,170,411 17,891,900 13,655,100 - A.A. :> 595,997 495,616 Hampshire—Manchester. ■T.\ Total < ... —. n ,'r -I • t A ; Yakima 680,688 + 13,878,087 41.3 13,793,824 2,220,313 San ' + 11,733,600 ' 484,260 31.0 —16.8 4,662,888 4,404,055 2.2 — . A' Francisco San : Jose » A_ — Santa Barbara 11,309,400 Stockton —_— 837,356 767,210 22.6 34,709,778 31,545,034 24,021,878 + 20.3 19,289,874 16,303,394 7,046,735 —45.7 3,115,192 —35.4 2,555,193 2,605,529 180,761,008 2,887,300 974,252 4,355,009 184,097,000 3,553,882 1.8 137,599,000 139,335,000 —18.8 2,324,434 2,150,929 1,507,683 —35.4 1,064,363 1,201,097 2,273,882 2,056,644 — 3,509,567 + 3,266,086 24.1 2,768,726 413,828 V 2.3 + 30.4 48,809,146 2,011,112 Pasadena_——-— 35.7 + + 28,905,703 3,825,334 California—Long Beach— ? + 1,189,887 59,837,615 Utah—Salt Lake City_— 657,753 3,078,453 ■ 56,950,473 1,551,670 —„_— Oregon—Portland 394,466 3,387,800 >2,425,333 4.5 77,277,835 Washington—Seattle—. - 309,822,504 316,812,652 (12 cities): i6:7 — —13.5 V 2,902,043!; 14,296,758 6,310,288 20.200,228 New. Haven— .Rhode 338,047 A ' 2,509,935 — Connecticut—Hartford 7.0 1.3 * 3,602,569 ? A ,780,650 723,485 + 799,560 932,845 3,441,034 A . 2,115,025 258,890,621 + 376,141 A New Bedford-—---AAA—. 2,236,383 241,674,685 + 31.2 — 847,165 Twelfth Federal Reserve District—San Francisco— 617,881 694,510 49.2 —14,1 263,071,070 Fall River V + 2,791,026 259,522,537 Portland—— ; 574,787 857,331 Maine—Bangor Total 298,877,937 ■282,718,098 362,286,838; (10 cities). Grand Total A fill cities)— Outside New York 7,308,807,287 3,637,562,520 333,801,543 + 8.5 244,513,126 233,608,821 6,879,211,075 + 6.2 5,923,096,981 5,895,877,360 3,449,917,085 + 5.4 2,725,690,836 2,624,095,331 Second Federal Reserve District—New York— New York—Albany——__ Binghamton —.— • . 5,346,165 + 1,215,457 + 52,100.000 45,000,000 8,237,678 — Elmira__; Jamestown '< New '• 892,666 31.1 552,328 537,011 —11.6 820,069 909,422 7.1 3,197,406,145 3,271,788,029 7,871.210 '3,793,184 + + 9,782,054 + 2.6 8,577,717 •+ 4.5 4,736,414 7,565,174 + 18.3 24,902,414 24,543,988 + 1.5 4,907,166 381,501 19,982,959" 35,893,186 A Jersey—Montclair__ 33,893,017 + 5.9 32,607,428 '-•>■ A-" Northern New Jersey ______ 398,445 ' • 353,668 Week + 12.7 3,683,429 ~ •- 499,689 Total (12 cities)—. > 3,563,573,630 3,820,360,097 + 7,.2 3,312,770,055 A Canada— Pennsylvania—Altoona 1 Bethlehem A , Lancaster— Philadelphia 1 ___— + 7.8 3.1 331,295 1,579,466 536,000,000 —11.0 — : —_ „: Wilkes-Barren Saskatoon 1,146,882 957,260 3,367,800 93.8 + 1,471,404 • 9,049,400 1,109,185 7,639,200 Total (10 cities) 1.4 548,704,713 541,276,007 449,699,233 413,939,930 ; — Cincinnati Cleveland _ A_. Columbus Mansfield— ; Youngstowtl—— Pennsylvania-r-plttsburgh—— Total (7 cities) 3,312,614 2,941,967 94,657,437.; . —11.2 82,326,144 ,+ 15.0 67,294,082 60,942,854 2,134,035 19.8 124,636,681 127,063,693 + 12.5 10,466,200 9,744,100 4.8 1,893,259 1,723,116 201.131,573 167,945,678 + 12,535,500 11,143,400 2,056,595 + 1,956,871 2,816,440 3,651,228 226,870,250 + 23.5 3,303,019 ;+10.3 170,709,272 155,359,790 567,948,766 497,305,900 +14.2 A 381,118,953 359,995,605 19.056.430 14,483,786 4,756,112 + 26.3 + 4.9 3,747,359 2,615,085 4,141,120 3,485,559 7,332,383 + 0.9 5,604,699 5,409,005 6,639,280 + 15.9 5,345,424 5,109,192 1,975,204 + 30.0 1,698.613 1,876,514 + 17.0 2,252,278 1,281,947 2,523,389 + 20.5 2,761,970 2,238,405 5,175,435 + 61.4 3,527,851 3,299,610 4,258,693 + 49,1 3,400,713 3,306,565 473,198 + 6.6 277,319 45.1 461,738 396,153 1,709,861 249,362 646,878 + 1,383,393 + 39.6 1,033,641 1,087,940 + 35.6 476.139 542,174 + 26.9 750,049 807,82 5 i;017,914 + 16.6 719,352 615,183 889,589 + 26.1 655,760 560,285 482,678 — 961,313 398,736 + 21.1 284,058 175,163 965,653 Westminster Medicme Hat- New 712,468 1,122,177 Fort William- 715,529 + 35.0 670.345 531,984 977,321 775,087 + 26.1 594,544 —— Sherbrooke— :- — 629,805 — Moncton— 1,299,236 1,168,770 + 11.2 965,641 974,864 4.057,333 — 3,790,290 + 7.0 2,767,923 2,496,520 + 45.8 — 608.902 Prince Albert— ————— Kingston———*——— 417,773 294,789 280,727 1,140,693 1,154,904 1,2 814,015 760,942 2,781,063 707,083 + 293.4 496.140 472,088 — —■— 948,483 451,808 + 90.5 1,271,963 1,144,827 + 11.1 486,898,536 382,767,068 +27.2 610,198 —16.9 860,575 Chatham Sarnia 2,673,120 788,471 537,753 444,776 388,601 765,813 1,090,179 298,050,922 274,969,709 • 3,028,617 250,215,048 52.1 966,144 Windsor— Fourth Federal Reserve District—•ClevelandOhio— Canton 13,564,573 + 1,219,917 1,186,464 Kitchener——,— ' 43,435,311 15.311.429 35,368,487 — Peterborough, 33,495,231 62.9 938,596 Moose Jaw_^— 1,574,524 89,156,324 42.4 + 1,931,400 Lethbridge— Brantford— "• 23.4 + 18,807,318 504,272 :— 1,747,774 —29.7 6,526,200 - Brandon A Edmonton 2,332,576 —17.8 + 39,879,069 8,352,834 Regina 1,362,809 1,270,187 • 104,312,592 6,349,708 350,890 398,000,000 •' + 2,195,037 3,040,241 John 2,105,931 .+ 2,042,065 Jersey—Trenton 432,000,000 • ■ 2,567,897 Calgary 439.301 1,030,458 • 86,276,392 7,697,040 7.1 1,100,323 2,166,097 1,044,276 Aj- 1,195,333 $ 96,995,276 7,399,511 + 16.0 1,276,570 ' New 2.1 14.0 1939 6,007,243 333,286 . V + — Halifax— 573,531 + 1940 .VA;, $ 3,657,524 Ottawa- Quebec 462,648 —13.3 695,574' 531,187 - *750,000 . 2,318,991 Reading York 419,555 ' 547,626 525,000,000 ____ Scranton—__ A. 1,406,363 .5. ; 128,609,990 Dec. % 53,792,846 London—— -363,916 — — Chester-.*— $ 56,785,634 Vancouver— 40,076,049 District—Philadelphia— ':fe 24 75,443,274 128,739,432 -4- Winnipeg— Victoria Third Federal Reserve Dec. Inc. or 30,633,788 Montreal— St. $ 146,576,940 Toronto 21,509,251 3,393,728,701 1941 1942 Hamilton V Ended 899,063 36,000,000 4,659,144 —• Newark 1 3,429,293,990 1,061,101 36,400,000 4,871,052 8,950,489 AAA — . 1,009,820 - 26.4 + 15.8 10,038,243 ; Syracuse Connecticut—Stamford New A AA 3,671,344,763 York— Rochester ; 911,153 1,194,923 6,162,364 5,337,227 54.1 ■> 1,536,238 , AA.- Buflalo 4,510,370 Total (32 cities). ^Estimated. THE COMMERCIAL & FINANCIAL CHRONICLE 40 Cumberland County (Continued from page 8) earnings per of rate Rental $1,801,095, charged to expense and the ' net value or property retired during the year, $109,424, exceeded the new con¬ struction; which amounted to $1,272,951. The more important items of new construction during the year were the enlargement of the San Diego, Calif., packing plant, expansion of cheese making and egg drying facilities in various produce plants and new smoke houses, office building, sewage disposal plant and other improvements at the St. Paul packing plant. Food rationing of the civilian population became necessary with the increasing demands of the armed services and lend-lease requirements. ; Meat rationing/which became effective Oct. 1, 1942, limited the amount of meat a packer may distribute through his civilian outlets;: compared with the corresponding quarter of the previous year to these amounts;, pork 75%, beef 80%., veal 100%, lamb and mutton 95%. These quotas have since been lowered to* pork 70%, beef 70%, veal *70%, lamb and mutton 75%, The civilian use of fats and oris also preciation, of the Department of Justice brought against meat packing companies. Among the pending cases is one charging conspiracy by 82 packers and certain of their employees and addition in , . pending three to previous year have been the in hams. Of the new indictments one was commenced at Denver alleging that the defendants, The Cudahy Packing Co.. other packing companies, and certain livestock interests had entered into an agreement that they would no longer purchase lambs at the ranches at which they were produced but would confine their purchases to the public market Meat Institute American the : Four fix the price of Easter to Another commenced was and alleged that the packing con¬ at Sioux City defendants, including this company, had entered into a company by which each agreed to buy a certain percentage of 75% of the hogs offered for sale at ,the public market at Sioux City. The remaining two were commenced at Chicago and have to do with the spiracy One of them was diiected against various chee&e chain store organization and packing companies, including marketing of cheese. a concerns, It alleges that the defendants engaged in a conspiracy this company. to fix prices to defendants the be paid for cheese. The other involved certain other this Compaq, and other meat packers. It alleges conspired to fix prices to be paid by dealers to cheese interests, cheese producers. The ! commenced suit appeal An at has Denver been dismissed by the was Consolidated by taken Income Oct. 31, 1941 Nov. 2, 1940 $- •". and operating revenues—. 344,075,052 240,095,694 194,069,395 Cost of sales and operating expenses profit on sales— Provision for 22.859,949 134,335 Contrib. 10,901,764 1,883,224 1,606,513 134,360 6,083,023 94,182 99,539; 1,734,525 employees' pension fund to profit Operating income Miscellaneous ^ Total income 8.318,572 6,177,205 3,704,301 1,101,314 Other charges —: 985,917 96,805 373,161 1,004,262 79,022 *3,768,171 1,165,810 504,794 3,352,282 3,652,317 2,116,223 —_—— for inc. & excess prof, Prov. income Net —" — Dividends on 7% preferred stock—_ Dividends of Shares common ing of 6% preferred stock ($30 part Earnings taxes.. — 240,000' stock— 404,013 400,731 income 467,489 M div. Pfd. of 95,479 $148,929 $1,367,525 $1,636,546 $121,461' and profits excess Period End. Oct, 31- $384,565 $386,843 132 Crl,493 Cr741 7,003 8,955 105,786 "$107,682 $878,667 $1,148,151 $29,164 $349,973 $349,976 Other $16,667 $16,737 $200,071 $200,848 the Federal income and excess profits forth for the Revenue Act of in Other 1942 without are amortization lease of or for possible deduc¬ facilities, or deductions war 156, 1941, and $200,848 for the Railroad have Co. been removed Int. In 1942 such appropriations are being made for common stock at the rate of $200,000 a R. Electric O. trainmaster general night Dexter, Charles R. Hoboken, at N. J., will be promoted to to succeed Mr. Hartshorn. to assistant 1 Rio & from ry. from . income (Jess taxes in taxes 1942 credit post-war of to $1,717,247. $38,000) totaled $2,050,925. the 272,216 646,759 415,945 >. 28,328,607 23.891,855 ' 5,047,070 4,240,819 3,733,031 2,226,686 1,328,542 Cash — —.— and Accounts receivable inett—15,916,605 Inventory Special deposits under State Compensation Acts Lake Ry.—Earnings1940 $2zt,434 103,242 64,908 134,448 85,581 153,512 94,657 Net $275,645 2,227,255 803,037 561,797 595,379 539,256 1,070,372 798,709 2,115,582 832,082 724,159 2037. investments ♦Fixed ' assets Prepaid debt Deferred J : discount charges 526,862 23,929,576 from 330,402 and . 398,099 ...... : — 438,000 229,547 expense 38,709 54,715 21,742 > 27,991 43,425 1,078,464 753,320 784,846 811,405 414,578 162,292 215,314 217,503 75,537 308,534 income... RR.—-Earnings— ?: 1941 $384,747 197,594 165,984 41,446 $323,595 $317,515 70,146 /<r K 178,927 181,368 > Employees' accrued income pension fund Sinking and Federal fund for Minority 4% post-war interest preferred preferred in and other Earned taxes... 1,124,384 1,398,811 550,000 % current- Sept. 1, '55 debs., due Sept. 793,030 756,687 510,928 for this company President, permitting first-grade made was announced that share corporation the on 29 capital stock, par with compares Dec. on paid $2.40 350,000 425,500 17,707,500 4,187,500 July on 15, 1941.—V. 77,007 74,373 2,000.000 2,000,000 6,550,500 6,550,500 14.024.670 par)——_ 14,024,670 2,968,643 on 156, products.—V, to 156, company list p. and 1688, Legal ; 4,612,869 to Jan. holders of record 2 and extras of Dec. 20 31. cents . of 6(4% 1940 1939 $7,700,715 2,493,751 2,405,104 $7,459,561 2,249,888 2,292,193 V 1,388,347 1,309,693 1,192,741 97.806,829 78,917.288 74,165,605 income of $1 32,846,606 22,612,646 20,178,731 20,062,251 12,565,968 10,702,960 made was Co.—$1 Dividend— has been declared on the capital stock, holders of record Jan. 15. A similar dis¬ issue on Nov, 2, last, compared with share per to 1 this on May 1 and Aug. 1, 1942.—V. 156, p. 1325. 1942 1941 $873,767 $311,049 53,669 operations. officers' 44,010 salaries.—_ fees.. 3,868 7,354 61,384 174,160 111.073 ... —: Provision for for loss ———... depreciation of fixed — ; assets (Sekani 50,741 inventory of Aircraft on 31,345 —...—--— 482,145 27,096 $98,541 $0.77 $39,429 $0.31 accounts receivable, and excess profits taxes— for income Net ■ profit Earnings ; ... — v: share per Balance Assets—Cash Sheet, 29, ' has been declared inventories profit June ' V the bank, 30, 1942 $20,041; on Aircraft, Ltd.), (Less reserve for depreciation of $438,755), $331,- $31,646; loans, liabilities, $1,351,311; Associated (Canadian investment $1,899,928; deferred charges, total, $3,811,589. $1,114,253; accounts taxes payable, $572,720; 5% payable and accrued notes, $66,600; capi¬ (par $5), $639,000; earned surplus, $67,705; total, $3,811,589.— V. 156, p. 1325. tal stock Co.—Earnings— 1942—Month—1941 Operation 1942—12 Mos.—1941 $947,256 48,208 $1,063,092 606,679 7,048 3,949 74,442 57,837 16,912 220,175 199,303 $16,225 $13,629 $161,796 $120,717 2,456 4,188 44,679 68,896 $18,681 $17,816 $206,475 $189,613 6,333 ? $82,698 57,756 revenues— $95,608 14,579 Operating 5,000 69,333 60,000 $12,816 $137,142 $129,613 - Maintenance .. Taxes 569,400 . oper. Non-oper. on in partially completed contract, $300,000; (less amounts billed on uncompleted contracts of $10,586,- accrued $1,062,424; Fall River Gas Works 1941, and an initial of $1.20 : and hand on Period End. Nov. 30— a 1324. p. 1941 $8,932,212 1952. payable Feb. Interest Dividend— year-end dividend of $3.40 per $40, to holders of record Dec, 17. This Oct. 20, last; $1.20 on July 15, 1942; paid Co., Ltd.—Interim Dividend— dividend C.)— S. 122,207,099 44,908,949 22,671,544 railway Liabilities—Bank known on revenues__ income (net) ordinary registered shares, par £1, payable Feb. 1 to holders of record Dec. 17. Payments during 1942 were as follows. Feb. 2, an interim of 6(4%, 1, a final of 83,4% and an extra of 1(4%.—V. 153, p. 834. Balance Retire, ... accruals- res. and Aug. Gross 3.817,662 6,387,316 —_____ interim income... from Net Distillers An 2 on 1942 railway.._ dividend 050; 1,000,000 ___ ($30 The paid were railway.... $11,300,969 4,453,708 p. $50, 462), the Ward Montgomery consumer $1.20 regular and $2.40 extra on Dec. 17,357,500 4,045,000 1950 1, adjustments... surplus surplus Capital 3,967,116 subsidiary company.. stock stock stock Common 4,831,014 expenses First mortgage stock fund bonds due Reserve $6,207,500 reserve payments, Conv. sinking fund $11,458,500 — ... payable for Reserve 7% 1,773,592 3,376,510 Discount Corp. of New York—$3.40 payable Accounts 6% channel Phillips, Devoe (Charleston, Years Ended June 30— $72,724,534 $64,974,001 Liabilities— Notes 2,225,515 2,934,220 1,363,086 3,978,336 1,987,128 694,475 agreement an selected each 94,151 Raynolds Co., Inc.—New Sales Outlet— reached had payable Jan. both $166,500; fixed assets S. Co. ■V." 3,783,411 income;. E. Insurance railway.—— oper. Provision 2037. when 28 1951. 1939 1940 25.744 distribution new 16,120,075 5,109,659 2,863,279 7,353,159 4,293,617 recently declared an extra dividend of 20 cents per semi-annual dividend of 50 cents per share on type) 167,492 railway- p. 5,330,050 regular cents oper. Profit 123,152 128,633 $320,201 income oper. 2,645,061 RR.—Earnings— 156, Prov. 1942 Devoe & A Dec, handle Total 30 Executive railway 156, 11,139,644 ... Fairchild Aircraft, Ltd.—Earnings— $109,835 31,371 35,828 railway from 594,137 19,858.089 50 cents per share on Feb. 2, $95,996 $82,744 50,161 income oper. *194,700 26,729,826 10,807,990 1939 1940 1941 1942 $115,965 24,567,144 478,139 —, insurance Unamort. 355,786 $2,153,738 1,050,858 670,312 Eureka Pipe Line par 29,664 „—— 1939 961,489 *98,959 p. stock, from A 2037. p. ry. 1940 $2,196,440 152,5G8 2,090,097 2,588,042 income. from** railway Net 1941 $2,431,419 30,943,399 ... Fire the from ry. —V. railway from —V. 1862. $2,781,222 194? 156, nom ry. Net 82,415 Detroit & Toledo Shore Line 13,121,215 156, p. 271,662 railway.. from Gross 128,646 oper. provi¬ From Jan. 1— 1939 v-? income... railway.. 156, Net include July 1 in both 1941 and 1942,-—V. 156, p, 79. Eric $254,025 from Gross taxes income (1941—none).—V. November— Net 1941 1942 railway railway from 22,673.427 26,378,933 — Other $3,108,360 $5,037,848 ——_ notes 1J)41 Federal profits taxes of $573,383.76 for the 12 months (1941—$181,150.16) after deducting estimated ... railway... income. of on Gross From Jan. 1— 1942 for above excess 1942 railway- capital $277,103 p. $561,426 22,948,096 6,324,634 16,220,055 Salt & oper. ry. • Federal income and excess profits taxes been restated to give effect to the provisions applicable during the respective periods. oper, Extras railway. from Net $472,955 purposes railway... and share From Jan. 1— ry. 65,636 67,501 (Del.) have shown 31, directors 679.975 railway from Gross 1941 Oct. The 1939 $2,432,551 - Assets— and "Loss.—V. 1940 Detroit & Mackinac Ry.—Earnings- Net 23,850 requirements Acts ry. 834.812 November— Gross $627,062 ... —— to El Paso Electric Co. comparative tribution Net $540,457 „ dividend from Net $2,483,999 2305. oper. 156, Net Consolidated Balance Sheet, Oct. 31 ... Extra Distribution— 20,699,898 ... from ry. 327,611 $650,912 (El Paso Electric Co, of Del.— from 1941 48,867,576 ... oper. from Net 264,883 $540,457 ry. oper. income. From Jan. 1— railway railway.— from ry. 22,628 $64,689 Net each income p. from ry. 21,930 $50,645 Revenue Gross 156, From Jan. 1— Net (public). ! from 537,990 $3.29 amounted $978,523 from $3,119,178 1,879,490 railway- Denver 467,489 S6.57 708 $805,340 November— Net Net —V. Dr44,541 $87,317 amort, Gross at Toledo, Ohio, was promoted, .. railway- 156, Net Dr5,28G $72,575 —ii—V amounts 2,886,657 .. income oper. ry. Net Drl,904 1942 Net general freight agent at Chicago.—V. 1942 oper. from Net $977,815 the $5,729,687 „ railway- From Jan. 1— Gross $849,880 Elgin Joliet & Eastern Ry. —Earnings— Grande Western RR.—Earnings— railway- from —V. $92,602 ♦For was general agent at Chicago, was transferred, Jan. 1, November— Net $74,479 Equitable Denver Net 404,246 revenues... oper, & for 2305. Gross 426,373 post-war credit of $58,655 yardmaster, Hartshorn, general agent, effective Jan. Net 34,926 ending trainmaster. general agent at Toledo, Net 394,984 35,285 — sion for estimated Mfg. Co., below. terminal Thexton, Ralph G. Carlson, Gross 788,559 . Charles p. 44,609 taxes. Balance applic. of promoted, effective Jan. 1. to superintendent of the Morris and Essex division, to succeed Perry M. Shoemaker, who became general super¬ to 414,939 96.322 income Preferred Delaware, Lackawanna & Western RR.—Promotions— terminal 435,792 taxes The intendent. 34,805 Interest for 2128. p. Crocker-V/heeler Joseph 238,935 36,574 Balance C. W. Liquidating Co.—New Name— See 261,748 Balance adjustments defense Portland from of comparison. earnings available year.—V. 19,734 1941, for additions to reserves in connection 30, purposes from 1,484,172 22,355 ... Balance 1942. charges of $16,737 for November, the $3,915,092 1,645,798 periods applicable to the year 1942 have been computed months ended Nov. with $4,406,150 a/c ... estimates Income Mos.—1941 $351,867 125,129 ♦Federal financing expenses which will arise through the proposed merger. 12 . income—net ■%__ Net $29,164 liability for excess any (Texas)—Earnings— 102,293 ..... has $213,712 1942—Month—19411942—12 ... Depreciation "$327160 that it 123,349 $182,773 surplus. $405,709 140,695 revenues Maintenance 141 ... reserves and 111,425 1862, p. Operation lease for stock common El Paso Electric Co. 71,337 5,242 _ $82,285' for the for Operating 83,242 $32,032 the rates set at : $1,541,067 Notes—The estimated provision for taxes ' : 999,388 requirements. for P.R.R. ' 393,785 $1,296,188 income $337,062 $294,198 Company does not consider 8,623 deductions 13 requirements.—_ profits taxes,—V. 156, 117,635 400,871 $142,915 ; 6,014 interest—net Prov. 38,389 28,000 46,127 137,502 73,800 Other : 56,791? 3,886 10,458 $116,219 interest —V. 467,489 $5.93 State Balance - —— 3,267 — ■ dividend income Bond Net 4,852 16,254 November-r— and ♦Federal Balance Preferred outstand¬ ... share.. per 915,670 ——. 33,837 ;a ....... ♦The tax Gross Gross Interest 34,212 taxes... 84,500 tax prof, Non-operating income 3,604,762'; 69,275 ... other than income taxes—— Taxes, 17,855,400 10,884,543 1,774,587 1,458,662 132,846 20,608.884 10,919,261 1,822,531 8,249,297 depreciation. 561,159 111,182 taxes income operating Gross Gross Sell,, adver.. gen. & admin, expenses 623,253 8,580 than inc. tax exc Net Net $ $ 260,704,578 211,924.795 366.935,001 54,043 November— • Net sales 41,528 19,140 23,612 — — Interest 310,191 of , Federal Fed. (J. S. District Fiscal Tears Ended Oct. 31. 1942 217,888 356,382 \ 10,885 deprec... replac. the Account, 17,477 ? ... $383,080 17,093 16,295 1,631 income taxes $329,229 —_ „:— •Federal Other 1941 1942 revenues Expenses . Government to the U. S. Supreme Court. This suit is pending. A suit in which we were not involved was tried at St. Joseph, Mo., and decided in favor of the defendants by a jury, A third suit brought against certain Indiana packers and live stock interests was tried early this month at ? Indianapolis. The decision was in favor of the defendants. In the opinion of the management of this company and its counsel these charges are without foundation, and we feel court decisions will sustain our position in this respect. Further, at this time of national emergency we feel we should be left in position to devote ourselves fully to cooperation with the Government rather than be forced to expend time, energy and money in defending such accusations. Court. 209,725 27,670 17,477 taxes Denver. at 210,857 Total Social Sec.-Fed. & State Fed., oth. The in procuring indictments in the packing and in indictments in which the company is involved activity its industries. 1,900,563 568,730 prop.. munic. and State tions During the year the Anti-Trust Division 2,040,366 10,165 40,257 for product for shipment overseas. other leased for the heavy ^increase Litigation 210,631 60,516 — Other production of canned meats. - This was especially true of canned pork, which has become a principal war food. Our production of canned pork in 1942 was 82% larger than in the preceding year.Another noteworthy achievement of the year was the perfection of the process of pork dehydration by our 1'esearch laboratories. This process met with the enthusiastic approval of Government, officials.. As a result we have been awarded contracts for large quantities of the $5,874,831 property—leased. bus in the continued of Provision , ,, major developments of tfye year was the of One , restricted. power Provision _ been $7,197,306 Maintenance , has $566,674 __— Purchased 1942—12 MOS.—1941 $619,252 —_ (Del.)—Earnings— 12 Mos. Ended Oct. 31— 175,252 revenues Operation amounted to $23,929,576, a decrease of $637,568 during the year. reduction is accounted for by the fact that provision for de¬ This 1942—Month—1941 Period End. Nov. 30— Operating . 1942, El Paso Electric Co. & Light Co.—Earnings- Power (Including Cumberland Securities Corp.) share of common stock after preferred dividend requirements. This rate for 1942 was $5.93 per share, $6.58 per share in 1941, and $3.29 per share in 1940. ' The net investment in property, plant and equipment at Oct. 31. \ Monday, January 4, 1943 Dolphin Paint & Varnish Co.—Accrued Dividend— income Interest $12,347 charges ... 532 638 6,106 6,354 $11,816 $12,178 $131,035 $123,259 105,890 119,126 • : Total * in —....... $72,724,534 i...... 156, p. special a declared to meeting held final distribution a holders of record Dec, Dec of 22, date the on stock of 22, $1.40 1942, This brought to $17.90 per share to 1941 and $20,716,848 426. Culver City Properties Co.—Final At $64,974,001 1942, per Liquidating Div.— the board of directors share, payable Dec. 29, 1942, account of Dec, 21 to this After reserve for depreciation of $19,236,244 in 1942.—V. issue the total of liquidating distributions " $10 par value.-—V, 153, p. Delaware & Hudson November— Net from from Net ry. oper. income—. From Jan. 1— Gross Net Net —V. from from ry. railway railway..—. uper. 156, p. income.._ was of one on record Dec. of $2 paid sales profit —V. 1941 1940 $2,750,108 $2,240,233 $2,304,277 1,164.441 638,978 619,691 756,584 1,237,483 474,951 428,606 548,991 The last income income excess 1941 $286,433 — $253,142 9,634 35,409 23,000 outstd. $2,886 $0.05 • com. shares 6,748 $12,409 profits taxes. ....— $0.01 156, p. 1468. 41,822,256 31,190,490 24,452.409 23,342,124 14,659,191 10,695,065 7,194,253 7,365,663 9,020,816 7,8Jl,'<y8 5,148,000 5,122,900 203G. East Kootenay Power Co.—Earnings Period End. Oct. 31— Gross 1942—Month—1941 earnings Operating $66,090 Net earnings Note—Operating taxes.—V. 24,930 expenses 100, p. $41,160 expenses 1772. do not income declared Dividends -V.: 156, p. — 2037. Firestone Tire & $352,693,500, the largest in our history. This over our previous sales record of $268,091,826 for all expenses including $10,307,082 for depreciation and $33,620,874 for taxes, and after adding $3,000,000 to the reserve for contingencies, the net profit was $12,481,129. Our war contracts have been renegotiated in accordance with The Sixth Supplemental National Defense Appropriation Act of 1942, as amended by the Revenue Act of 1942. The repayment agreed upon Is included in the liabilities and the profits havq been reduced Sales is in an to amounted increase 31% of After 1941. providing accordingly. 1942—7 Mos.—1941 $59,398 20,133 $446,632 175,263 $400,475 128,222 $39,265" $271,369 $272,253 include Co.—Annual Report—John in a letter to stockholders states: Rubber W. Thomas, Chairman, taxes and Net Dec. 1939 $3,687,468 18. on 1942 : before Earns, per share on 243,000 RR.—Earnings1942 railway railway accumulations holders dividend of $3.50 per share on the class A stock, no par value, payable a Quarter Ended Oct. 31— Net Federal 546. declared Duro-Test Corp.—EarningsNet . recently previous payment on 15, 1941. Arrearages as at Nov. 1, 1942, amounted to $19.25 per share.—V. 149, p. 3870. Net Gross directors The income and excess profit running at full capacity to produce war materials, equipment is on every fighting front. Buildings purchased or leased to increase facilities. A new factory for the manufacture of airplane wings was built in Akron and went into production in October. We purchased a factory at Plants and have have been Firestone-made been Newcastle; erected, Ind., and leased a plaht at "Dallas," Texas,; for making Steel our are has been made we constructed and bomb-loading plant in a our Net $41,398 $646,921 35,652 435,713 29,136 rents ■' J 26,300 586 570 6,756 9,447 ; ' ry, Other $17,812 income $2,834 373 income- oper. 403 ; $175,315 and better We guns. $102,899 21,830 tracks continuous links belt metallic of 25,086 ' $3,237 $197,146 ; ■ ( 19,424 ; leased $107,703 - - charges for Rent for J : c . $2,303 $17,327 roads__ 550 550 Interest deductions..—X ,11.656 11.658 Other deductions 493"" X 156, 493 5,421 5,421 $31,709 *$35,923 Food Fair war $ 1942—4 Wks.—1941 73 a that there a^e now in operation ago.—V. year 156, p. A Consolidated V.'. Income : 1942 . *{&' sales Ret ' • 1940 ' ' ' ' $ Profit Other the 76 stores, compared Interest.f * "Minority _ interest deductions Misc. Prov. 672,714 792,644 16,232,808 t2,057,639 2,448,864 •'2,131,870 X. XXA-taxes contingencies^ for 72,283 -114,253 158,607 " r- 86,141 19,162,461 °14,262,604 3.000,000 6,650,000 89,994 : ' X--XJX 12,481,130 51,992 Nov. 11,262,428 8,652,608 2,795,604 2,795,604 ._XXX,XX, 2,895,725 2,403,279 1,929,403 for period— shrs. outstanding 6,831,509 $10) (par Eftrns. 1 .X~ — 1,930,811 :■ • ,.;A:xA': ax./;:,A Consolidated JBalance Sheet, Oct. 31 (Incl. ;X V • Customers' held Other contracts 3,193,914 » 2,840,141 . prior 6% , $ ' " , Common 46,593,400 45,412,900 the of 19,308,110 Reserves 13,348,765 under Advances Govt, contracts 433,526 payables, accrued items snd deposits on unfilled ' orders XU-X ——__-„Al8,463.878 — State and local —;-X~A--. surplus A' Total A * After reserve for depreciation of in book amounts less tAt interest.—V. {Includes ance. 156, authorized Leahy send a 156, letter to all payments SEC Dec, the Dec. 15, 23 all 32,110.9 collection securities the Securities and 'A A ./'"A..! .A • of Indebtedness ,A: : books at stock—— on against A is 29 the approved, to 1942 Net taxes income profit 1941 $9,641,883 — 1,108,304 2,107,728 $456,000 $1,135,000 $652,304 ; 345,341 .—$1.89 $972,728 344,137 $2.82 Outstanding Earnings .X-'.. taxes__—— —- —— shares common $14,361,881 common per share ———A. tin conformity with present anticipations, no provi¬ profits taxes. {Includes 'excess profits taxes. Current assets as of Sept. 30, 1942, including $1,471,881 cash and Treasury-tax notes of $825,0000, amounted to $6;043,470 and current liabilities were $1,769,648. This compares with ca&l of $700,833, cur¬ ■"After charges, sion rent for made is assets of 1941.—V. excess $6,737,748 156, p. Eastern The unit first . before and current liabilities of $2,401,867 on Sept, 1149. November— Gross Net Net from from ry. railway railway oper. income—. Ry.—Earnings1941 1940 A before Net Net , Utilities . to 1963. carried $47,000,000; full a cash —V. 5,401.793 5,521,595 1,554.653 1,556.243 935.166 785,400 713.425 156, p. 2038. of of war November 1942. decrease of $719,811 from the October of deliveries, as expressed in acceleration in of form in part to price exceeded reductions said. A , part representing Deliveries, for by about in due to October, in part to shifts in savings passed along to the $89,942,036 deliveries for the of is November than month announcement rate deliveries that months several October total past two and, for deliveries months the have $3,000,000,000.' , (Compare V. AA .' : A, -'A ; 15G, , . that announced upgrade. the United States to approximately 358,600. In and women are employed in Canada. :V. AAA in addi¬ A r foi;ge plant, output of which, added to current make Chevrolet one of the largest suppliers of will aviation Pearl forgings in America, began production two days anniversary and just seven months after start building, it was announced last week by Harbor broken to manufacturers addition in its on ' reservations, Lexington to .AAA ,:X A.' ■ A: '."XX !' " •• production flow and types of Morgings produced, of the Army Air Corps, which -was Plant Corporation funds for the building and equipping of the new plant, Mr.'Coyle said.—V. 156, p. capacity.. 2306. ' . •Georgia & -Florida RR.—Earnings— Period-— by proposal a Water Power Co., gold bonds, convertible sinking " 1 Dec. 24 dividend liquidating of liquidating dividend to the reduction of , , 1, - the approximately permitted Walnut's 1 , , , Week End. Dec. 21 , Water's first mortgage 5% 156. p. 2306. Chevrolet. to scheduling -i • < Operating out¬ 1942: -AX revenues %:■ .' «. X ,X .'■■■ J f- Operating —V. -v 1941 X Jan. • Operating Federal Fed. > 30—• A viV 1942-Ai2 ' , Mos.—1941: $3,317,738 $41,497,082 $37,244,562 i,329,329 - 374,250 1,795,933 16,491,111 17,207,193 341,600 4,452,190 3.981,600 1,128,815 depreciation^ 386.502 3,760,478 3,288,397 i 1,899,858 5,516,495 2,335,128 85,301 $9,376,949 $10,346,944 - taxes income takes_-<:; . -AxXA profits taxes excess ;jX ; 1942—Month—1941 $3,762,784 expenses for General ,A 1941 $1,598,185 Week End. Dec. 14 ' X Jan., 1 to Dec. 14, 1941 XX 1942 1941 .1942 $32,000 $4.4,000 $1,687,969 $1,554,085 . .-X revenue Prov. M942 $1,726,818 $44,100 Georgia Power Co.—Earnings— Gross r- 1 to Dec. 21 ;;XX;XX'.'X X 2223, p. A - $32,300 ; revenues 156, X --X income ■, XXiXX income Net X $793,703 311,829 deductions other & $530,390 338,275 $618,561 $455,428 223,005 Gross in Aircraft the Division automobile of this industry to corporation convert to become has complete the airplane Balance —V. ,v; 223,005 2,676,064 2,698,921 $395,556 $232,422 $2,927,687 $2,699,761 3,773,198 4,948.262 $5,603,751 , $5,398,682 production of two different planes for the Navy, both designed by the Grumman Aircraft- Engineering Corp., Mr. Goad reported in his first statement public The on the division's activities.- new Eastern own Aircraft undertaken difficult the automobile industry in its shift to new five division was formed to utilize some Motors plants on the Eastern Two formerly Fisher Body plants at Baltimore, Md., and Tarrytown, N. Y.; one was an automobile assembly plant at Linden, N. J.; another was a battery plant at Bloomfield, N. J., automobile hardware at Trenton, N. J. and the fifth manu¬ In these five plants, none of which was easily adaptable for aircraft manufacture, Wildcat fighters designed by the Navy as the FM-1 and Avenger torpedo bombers designated at TBM-1 now are taking shape at the hands of thousands of workers, less than 5 A of whom had previous aircraft building experience. 1941 . 1940 - 1939 -' $281,739 $439,939 $182,165 63,451 242,481 26,659 43.527 26,035 188,498 5,575 railway—_ 4,666,844 3.300.007 2,564,352 2,084.338 railway..,—_ 1,856,794 995,123 658.889 330,7131 oper. income— 156, p. 2038. 850,170 470,-789 318,722 -49.132 Net ry. From Jan. 1— from Gross from ry. XV, . Grand Trunk Western November— Gross war were : 144,546 from from from Net 60 acres of floor space seaboard. .... railway——opeiv income—_ Net Net General X'-.AX' .',.1942 $538,588 -railway--X " from Gross parts for assembly into the completed planes. conversion was described as. one of the most by 2223. p. November— v Net fact, manufacturing its The 156, Net „ corporation's announcement further goes on to say: about a half year after the letter of intent was received from the Navy, Eastern Aircraft, from parts furnished by Grumman, had assembled and flown its first airplane. Now Eastern Aircraft -is "In XXXLXXx •'.! Georgia Southern & Florida Ry.—Earnings-^- ry. 1940 1939 $2,535,433 $2,305,671 $2,087,694 1,049,708 income_^_ 1941 $2,680,000 railway railway oper. ! RR.—Earnings-— .1942 . 667,838 745.438 545,404 886,153 454.395 500,594 325,066 27.906,000 27.957,745 22,711.911 19,614.615 7.911,536 8,634,460 5,666,972 3,336.964 5,408,831 5,796,434 3.255,504 1.038.760 From Jan. 1— . Gross Net 1.744,526 a 11 aluminum attain —V. 5,918,567 first 100'A reserve. " Exchange -Commission a announced plants in the United States and Canada Coyle, General Manager, Chevrolet Motor Division. a peak capacity of millions of pounds of forgings per year, forge will supply many aircraft, aircraft parts and aircraft In factured 4.523,219 paper on Chevrolet operates at the-direction instrumental in securing Defense Delco-Remy 3,331.352 up Whitney engine are already in production at .another Chevrolet forge plant and requirements to meet increased .schedules will be sup¬ plied by the hew forger-:A AA-'A'AA,A''; \ A:AA '/AA A C AA Output of the new plant will .'be scheduled at an increasing pace* 177,983 '"come--. oper. set men was engine ., $517,002 9.878.996 railway—-'. In been new 160,165 railway—— from from rw E. $491,235 106,388 ■•/>';*/•■''•. A ; v.-. mtd-February, - • started had With 189,260 99,112 plants Division maintained These the on the ground $598,451 120,534 A the 28 the the 1606.) also new 550,507 From Jan. 1— Gross the-, the annual employment tion, 13,379 194? $1,079,477 420,952 and more, ultimate & value of ■ ' ' Co., Awhieli A '* iti the • '' , in 1939 and employment increase the $82,701,500 -— production, it was disclosed with the announcement today * by L. O. General Manager,: that five plants which were manufacturing automotive parts or assembling automobiles less than a year ago are now in production of fighter planes and torpedo bombers for the United States Navy. ...■, Although only 11 months old, Eastern Aircraft has retooled the five General Motors automotive plants the new division absorbed upon its formation on Jan. 21 of this year, and is now well embarked on the "The & Denver City more 500% as employment in General Motors plants For hourly-rated factory workers in the United States it totaled 286,434 for the ,week ended Dec. 20, an increase of 11,346 over the week ended Nov. 22. This brought total G. M. production. Fort Worth training set ' situation. — "'Profit Federal part Production began in December with the manufacture of aluminum propeller blade and propeller piston forgings. Main crankcase sec¬ tions, pistons and other aviation forgings Tor the Chevrolet.-huilt Pratt Electric with contribute duction of Autos to Aircraft-— to of eventual been of Dec. shorter 1941. and was Int. X'-",7 X • the has Motors for not a in an continues Goad, Sales' necessity schedules. and General Motors Corp.—Physical Conversion from Pro¬ A One .36,782,500 of Lexingtpn Water's bVz% and pay the rivets, castings, sub-contractors, sources. Deliveries— that combined 1952 pp. A. It Water Sinking Fund— standing notes approximating $28,000. Stove Co.—Earnings- 9-Months Ended Sept. 30 at the $28,000 to its sole stockholder. Walnut Electric and Gas Corp. Walnut will surrender all of General's outstanding stock and apply the pro¬ from unusual parts of intent from the U. S. Navy authorizing Grumman-designed fighter planes and torpedo AAA"' A '.•■■■ -'..A was Period End. Nov to forgings and to plans with and suppliers, 2,606 $10,268,300 35,650,700 $1. at gold debentures, due 1953.'—V. Securities led Aircraft on fact being year been < ,, General Management Corp.—To Pay Dividend—• The and for on plant. possible, as on General dollars, entire A;AA follows: as pari; which Electric Co. 1968, and $125,000 corporation called automobile one Linden J, t$l consist of $108,300 of Lexington insur¬ Commission status of • The million and subsidiary, $233,300 of gold bonds and debentures to enable the latter to meet its sinking fund requirements due Jan. 1, 1943. The securities fund complete the letters War volume, Government Electric ;a due radical account 102,683 shares 713,014 shares . Southern of stock Electric & Auto¬ into New Aluminum Forge Plant Completed by Chevrolet parent company on open account, $362,181; Dec, on Gas and ithe 367,825 shares stock— debt and $47,363,181. SEC The in benefit them. take quickly achieved." is $1,699,941,198 November - securities ' To Contribute to Lexington General the undergo to the been ,. November's M. it's books on Co.^— — common Gas ,& had employment around had that to at as aluminum that Eastern -■ .Government the - . Gas & outstanding obligations, <6%, due March 1, Associated for be sub-contractors were conversion on corporation dollar Upon completion of the merger, Gengas will carry the preferred stocks of used to deliveries totaled $247,685,749, .. carried are Electric to to of tools sep¬ experience before had aircraft 40,000 never gathered were achieve to received figures. until dividends of r'v Other indebtedness to parent, $41.10. '• AAA^AaAA: The investment of Gengas in JSouthetn is presently carried :%A:7XX-X received Exchange A '■ had totaled the in shares return for cancellation, are as follows:.. J to and the was levels the materials from -..AAA.• Southern's of 1 shares long their search for materials ar.d In work, to proceed The • condition on the preference stock--——. 10 that orders division production bombers. 12. 31, by 1941, -/ cumulative The '! A.A shareholders outlining the 2305. p. Florence 30, 1, share on the per simplification cf the Associated Southern & Gas Gengas is 1,921,799 scheduled for Dec. 28. has been postponed by Judge Paul Leahv of the U. S, District Court in Delaware until-Jan. ,7, At the same time, —V. all work after and the balance of 27,889.1 shares is held by the & Electric Corp., parent of General Gas. * 14,020,410 pany, . cents ended holders of the to Gas in the of assets ceeds Judge full Actual : ' Nov, in use the airplanes before with nucleus machine outsiders steel workers peace-time 1942, hearing for the appointment of a permanent receiver for the com¬ A' a the by The public. ' Fiscal Fund, Inc.—Receivership Hearing Postponed— ; as over more, when 56,366,071 2130, p. 25 which it : carries a reserve for fluctuation investment 'Van.'^Identical amount—$82,701,500. ' $42,946,451 In 1941 and $45,976,467 advance quarter preference -XX.263,673,195 225,787,766 1942. limited is Total' 2,365,070. .02,295,33^' 49,534,563 -I—X.-;XXX—X 4XXA-{XXXX Capital surplus Darned cf against 14,608,499 $20,845,887 taxes--'—X-_. the goal. To date more than 1,500,000 man-hours have been spent training workers; many of-whom are women. In fact, because of military man-power needs, it is anticipated that 70% of all employees will be women ' 5,333,204 ■' /'''X-X-.' 18,470,736 Accrued Federal, the for $6 Other 'v" stock approved step t —• 10 cumulative 5,320,781 24,030,109 (contra ).. payable-- acceptances Accounts: payable stock on A common the being assembly lines production out such aluminum ': Rotes- and that of to the service department of a Buick dealer, being made by an ornamental iron works, and. a third private garage—a 'share the job' program on a grand scale. a still most men it for fabricate to engineering also flow 552,130 2,865,531 with $4 10,000,000 A, the on dividend a $5 dividend series preferred 50,000,000 —;— Minority stockholders^'interest in subs.---. ■Foreign bank- loansXXXXXxAAXXXA peak is "And • 60 ,, Acquire Southern Electric Utilities Co.— The 19,370,260 48,000,000 2—-XX—--1 debt X of payable Jan. 16 to holders of record Jan. cents per share paid on this issue on Dec. Associated of • Long-term by • by into 350 production, 263,673,195 225,787,766 stock, series AXxXXAX'X^AXstockXX -_A__—_XXAXX pfd. declared $1, was Convertible v.''. Liabilities— and employment ■ par preferred Associated :-F$restphe;:Pariib:DevelopittentXXXXX4X-rA^XAv'XXXXxXA62»Q63./ - and - 1678. Corp., in exchange for •dissolution of Southern. 5,087,101 XXX—;XX-*X-XXXXr»r? Deferred charges equally was sub-contracted now another AA stock were paid up to and including paid was spread that is common stock get from AA Regular quarterly A common of the on to parts, etc. purchasers for the seen in the action of the Securities and Exchange Commis¬ approving en Dec. 29 the transfer of all the assets and liabilities of Southern Electric Utilities Co. to its parent,. General Gas & Electric 1,921,799 assets it built, on peace-time conversion up now forming people operate sense machine A the on to result sion 74,264,310 (contra24,030,109 the information But process and seconds system is 13,399,637 6,862,240 Govt, stock, Another 79,939,523 etc.----,47,690,454 44,821,322 by fire__--r_~l . , AxA-~-X 2,351,868 accounts, notes, under the I cents have compares To fg {Fully insured assets destroyed Cash oh share per trustees, however, have waived further order of the Commission.- Subs.) Assets—' %-'-'X 1 \■■ 'X:-X ' ^ .■ $ "Land, buildings, equipment---—— 82,985,396 €ashXXXAX-AXi:XX^XXX~- ^XXXxXy 13,185,423 Inventories vU: -———-—X 85.725,659 and of 20 cents holders of record Dec. 23, The AA; A'-- ;,:X 1941 Extra Dividends— $5, par ' r five of 155, p. trustees 1,926,282 1942 to cents directors hands 1941 and $8,599,287 in 1942 for Federal excess $4,402,142 in {Includes 1942.. extra Distribution {.Including debenture discount and .expense. profits tax. stock, the 60 assemblies, a that the company inform the recipients that the dividend payment is being charged to capital surplus on the company's books. The $1.25 dividend was payable Dec. 31 to holders of record Dec. 26. A .. 1,933,992 $3.02 'A;..;.$2.03 , were people Pay¬ 1943, Dec. 28 paid extra dividends of five cents per share both 15 corporation 1,936,393 $4.37 similar A 1, General Gas & Electric Corp.—SEC Indorses Dividend • 1,937,026 $5.04 . per shr. on com. ^Includes, amortization. 12. Jan. Payment out of capital surplus of a quarterly dividend of $1.25 on its 2,000,160 6,063,545 3,927,601 A% • 'vxxx;. -aX. A-'X--' •- for and place design of aircraft.' Today the best aircraft production being blended successfully with the automotive 'know laid the no Gar Wood Industries, Inc.—25-Cent Common Div,— ,: $5 * Com. Jan. on was'paid on this issue. also made on the $7 stock share per quarter record while of last, 24, stock, 1941, and 20 cents paid on the old $3 par common stock on March 24, 156, p. 1049. V ' ' " •>'./% r'.".'; A' ■ Surplus an are and were of account on preferred 1941.—V. 2,795,604 Common 2, This . 6,722,046 * 2;753,896 profit holders to Dec. declared convertible detailed form. on build to November 1,650,000 pfd. %X Net Dividends—6% of 1941.—V. 1,969,603 1,500,000 been has complete "Meanwhile, and A $20, par An 306,336 3,824,056 20 on $1.75 cents per share on the common 2,069,310 :v> 76,444 ' Janl ol each to common dividends 12,793,738 - the stock, 12,149,067. 644,671 34.824,290 — — income for Prov. 15,440?, 164 34,151,576 $1.75 1941, common 1,039,106 X~X-—X-X-'XX income their Because custom-built inexperienced 'fluid every Preferred Dividend— cumulative $7 made was share per Fuller Brush Co.—Pays The 36,949,831 35310,725 opei%— XXXX;: from income Total . the The company on on J; 164,487,560 140,823,420 7,281,568 7,146,535 than tooling of airplanes. two less specilic experience ... over 160,119,022 352,093,500 268,091,826 187,209,292 ——— Mfg., adm. & seiX exps. 306,475,692 225,228,857 Depreciation ' --.-^-^■'•10,307,083 8,711,394 there, designed take immediate ' A \ ■ or automobile change including Oct. 1, 1942, while on April 1, 1941, $8.75 was paid. The previous disbursement v as $1.75 on Jan. 2, 1933. After the payment of the dividend just- declared, arrearages on the $7 stock will be reduced to $35 per share.—V. 156, p. 1952. $ ' 1, $7 on dividend of ments July 1939 $ 1941 . . . of payable distribution quarterly made (Incl. Subs.) Years Ended Oct. ,31 Account, X ; ; value, par rubber, are the largest in the world the Government of the new war tires from reclaimed rubber, we are in a very advantageous position. dividend A accumulations in methods 2038. Foster-Wheeler Corp.—$7 • • by the how' fn this y^ar by life belts,,, life of.'which we are making.. In addition, we are manufacturing pontoons, used for bridges by army engineers. Company was one of the first selected by the Government to manufacture gas masks and during the year production steadily increased; Our plastics division is turning out helmets, gun stocks and lenses for gas and oxygen masks.' ' X • In April, Firestone became the first rubber company to manufacture Synthetic rubber in a Government-owned synthetic-rubber -plant: This plant is one of several which pirestone is building for the Government. The total production of the plants ,we will operate for the Rubber Reserve Company, as well as our own production, assures Firestone an important place ln„the manufacture of synthetic rubber. Production of rubber from our plantations. in Liberia, one of„ the •few remaining sour,ces of ! natural rubber still, open. to , the United Rations, has been, considerably increased and we are cooperating with the Government in the development of rubber sources in the Western Hemisphere.'' XX V-.yVf-, X,x' Ao A'X'. X'V'AX .yxX, X-'XAiXv '-AXr for reclaiming used end be to greater problem the more industry, mobile $34,094,536 for parts countless 1942—52 Wks.-r-1941 $2,962,165 $41,644,631 $3,392,087 It js announced with Thousands of lives have been. saved vests, para-rafts and rubber boats, all release problem trained 100% ' ■ the came were their Stores, Inc.—Sales at Higher Rate— Sales y the and than - "Then arate 2038. p. Period End. Dec. 26— sufficient of our facilities to provide a large number of these balloons urgently needed for defense against dive bombing, with the jigs and fixtures found equipment lent Itself to building. ' of ior converted Our facilities did Nor new be more compiled important war product now being made in the Firestone factories is barrage balloons. At the ..beginning of the war, we immedi¬ and now this 6,143 132,062 *$10,398 $4,629 "Loss.—V. 6,083 134,510 ' Another ately of plants, and still climbing. physical conversion of the automobile plants took about three months, during which time more than 25,000,000 pounds of tools, machines, fixtures and equipment were removed in the process of stripping the plants to the bare walls. Only a small percentage of 20,282 $177,722 ■ ■] ( foundations five $127,985 >934 857 inc;- available fixed turrets for-combat also making are " , $18,184 fr. deducts Income of. our plants are engaged in Government's important suppliers rollers for, combat tanks, scout cars bogie and Misc. " the military .vehicles,' We other and tEllkSi of one income Total several and is days. that workers rolls : manufacturer largest cartridges Firestone work. this .7 ... America's are machine-gun made has Co. the on totally dissimilar, it has-been were "The substantial progress and we have greatly expanded our production of airplane tires, tubes, wheels, brakes,, bullet-sealing fuel tanks, airplane wings, shatterproof oxygen cylinders, pilot ; and crew seats and cushions, air-spring struts,- sea¬ drome markers and buoys and many other aircraft products. One of our more important contributions to the war effort is, the manufacture of Bofors 40-millimeter anti-aircraft .gun mounts and carriages. We have completed delivery of large numbers of these units and we have made many improvements in them which have reduced manufacturing time and cost and have resulted in stronger Aircraft Firestone The automobile important new Net manufacturing project new where the techniques necessary to rip out all the automotive equipment, redesign many sections of the five plants, and engineer new processes that would take advantage, where possible, of the mass production experience of 372,000 2,342 . this older industry $510,647 41,786 2,558 expenses. accruals tax build "To Co.—Earnings 1942—11 Mos.—1941 862,742 revenues oper, RR. 1942—Month—1941 tubes. and of oper. Railway Railway rubber-manufacturing facilities have been operated at near capacity, to meet the requirements of our armed forces and essential civilian needs. At the conclusion of hostilities when sufficient rubber becomes available for unrestricted use, we will be in position to go promptly into volume production of civilian tires the past year, During Gloversville & Period End. Nov. 30— Total 41 ■ Johnstown Fonda, and Government the for operating now addition fuel tanks for aircraft., An Products factory in Akron, bullet-sealing to THE COMMERCIAL & FINANCIAL CHRONICLE Number 4139 157 Volume Net from from ry. railway_-.X railway_t.__' oper. 156. p. income— 1952. Goodall Worsted Co.—50-Cent Dividend— - A mon dividend of stock, 50 cents per share payable Jan. was recently declared 2 to holders of record Dec. 26. on the com¬ Similar dis- i THE COMMERCIAL & FINANCIAL CHRONICLE 42 ■ti'ibutions ments made. on. July were V. 155, p. 2457. r, profit Directors at 1942—9 Mos.—1941. dividend $266,25j $1-2° $263,383 $1.18. $66,013 $0.30 $88,952 $0.40 of share. depreciation, etc., except excess profits taxes, top 222,739 outstanding shares of common stock. ' Note—Retail sales for the three months to Nov. 28, 1942, were $11.- tEarns. com. per all "After Feb. payable including 1930.—V. 15 to holders of record Jan. 1864. ■ the This taxes, 20 "cents of Sales final distribution the heretofore adopted share on the outstanding capital per payable Dec. company, is Industrial Rayon Corp, 9 Months Ended dividend under ers three months of 1941, •472,675, compared with'$10,028,118 for the same an increase of 14'/a'f .—V. 156, p. 1326. Revenue sonal Ry.—Bond Tenders $13,934,300-— Great Northern Other 22 accepted include not tenders of G. and H. 4V2^ bonds have it was announced Dec. 23. The pur¬ high as par, averaged 99.6606; This total undisclosed amount. of open market purchases the by price,-which <does an by the stockholders. •State, Sections Manhattan RR. & of $70,500, Gross 1939 $7,838,890 2,108.211 3,067.236 1,212,005 - Net profit •tEarnings per $2.35 or Co.—Earnings— * After . 1,882,597 and exp. 'tOn per from from Net ry. —v. 156, p, 35.830,366 ! income 2306. oper, 94,631,250 - 21,540,806 18,364,089 chgs., adj. •on ™ of excl. $6,967,880 1*5,138,120 $62,574 9,388 $2,346,146 110,111 $1,829,760 115,780 revolutionary $71,962 $2,456,'257. $1,945,540 .it " 148,184 )• • •... — Special Offering—A special of¬ shares of common stock (par $1) was New York Stock Exchange Dec. 24 at 31%, (II L.) Green Co. the int. bonds.™ inc. . tire the of inc. adj. on outst'nd. November Of 14 156, p. the under company." addition in (Including S. in letter President, Gaston, stockholders, to "Profit before "At* time this of years of the basis this was the of the by the During during 1942 be non-taxable to them. to corporation on the to the net investment offset, appears not to security losses Act. of Revenue this 1942 Act. ments are corporation income tax Federal from company $194,777 $438,758 $1,004,538 regular to monthly can Net accrual and Canadian Domestic , "After $1,808,268 Company, and investment trust, an , principal Commission Net • Securities with the from rev. 18,723,085 11,925,869 .'' charges •Int.,- leasee* "After on Shares' - The based shares 3,000,000 on $7.30,—V. at 156, Oulfboard Oil Corp.—V. Salt Dome Oil 156, Ry. Belt RR. Novemberfrom of way Maint. of Net ry. railway™™ ™$ from Net Other 1940 equipment.__ $1,638,846 487,562 1,241,284 686,012 505,762 551,834 309,061 ;201,102 (rail*__ expense 30.186;248 21,'608,459 17,122,225 17,132,568 603,256 38.605 ■ Net 3,679,250 2,532,070 Net ry. income. 1,650,569 1,445,378 1,895,774 1,076,060 from oper,.. $429,078 accruals.. facll. rents 194.560 112,795 oper.'income. $121,723 rev. r —V. from oper. 156, p. tax & jt. Equip. 1,833,694 ry. Other 1952. 1942—11 Mos.—1941 Misceli. Harborside Warehouse Co., Inc. Interest—Sinking $4,662,814 105,097 138,954 2,119,350 1,167,093 $106,563 2,893 $1,376,371 $109,456 $1,422,082 3,175 34,049 41,381 42,629 459,136 45,711 . for company interest ; the the Net Dec. on fiscal 1942, determined that earnings of the ended Sept. 30, 1942, are available for 10, year outstanding 40-year income bonds at the for the sinking fund instalment on fiscal year ended Sept. 30, 1942, viz.: $138,941, said amounts becoming due and payable Jan. 1, 1943. 1 The directors have postponed the payment of said interest and sinking fund instalment until the first date for the payment of interest and sinking fund instalment (viz: Jan. 1 of any year) fol¬ lowing determination by the board of directors that the current asset on —V. $5,750,000 income : $63,652 $80,266 $928,897 : Hydro-Electric company has filed Power with the stock, mon t) ibi'tiens "V. 156, cents recently declared on the was payable Jan. 2 to holders of record made were Jan. on April 2, ' ;Vl 2131. p. share per 1, Dec. July stock (par $100), stock Oct. com¬ 'par • will be The change of authorized'by was The Corp.—Changes Its Name, Etc.— 14,000 be at the time same authorized capital surplus ;of!;the corporation of the which at the total capital the Hecker Products on carried ■as on acquisition that- the on Products Hecker The Products Foods, Inc., of The 1942, the a actions Corp. on last Nov. over Best write-off Inc., on is carried tangible assets the date of the interest surplus of applicable 29%> in the to prior of thereto. following upon the purchase by the 29% ownership in The Best which $5,500,000. previously had been held by General Foods Corp. The liquidation of The Best Foods, Inc., into Hecker the subsequent renaming of the corporation to Corp. The (6) of The actions effective •the Mhe operation, Board. He stockholders it added was was that by said the the William J. amount of the will make Wardall, write-off approximately $2,300,000 and the for more Chairman the regular have quarterly declared an extra dividend of $1 dividend per share of on $1 the share \ shares of new •6,017.883 ' 17,201,381'' 811,000 56,040,166 etc. .48,166,272 " 10,529,553 J- ,10,454.553 (net.tiy™! 984,367' 501,507 /. 487,394 16.060,142 > ,™$120,p66,56G $97,494,095 accruals and Canadian and test.) taxes 14,748,869 7,493,914 ,• / 77,600. Government contracts.™ 8,289,434 fund debentures™.,17,000,000 8,987,394 payments on sinking ■ or All "• 77,500 :17,000,000 9:001,507 "31,898,424, 30,381,418 Stock surplus 30,628,136 ' 29.495.590 „.-•—$120,866,566 $97,494|095 — 156, $7,754,154 $4,044,167 1,482,656 '■.yy .%— .2224. p. important subsidiaries indicated in as note below) ^Ended Sept, 30 Consolidated, Income Account, 9 Months : ' 1941 1942 % earnings $24,739,105 $21,582,437 Operating, selling and general expenses.7,818,869 6,402,089 Maintenance and repairs —i._—: 3,007,299 2,571,617 "U. 'S. Federal income tax —.l™™™,. 256,148 247,768 tOther taxes J 1,764,976 1,722,859 gross , - - Frov. for deprec. Net foreign en 5,272,329 Si amort, of intangible assets- Net earnings bef. Profit of v 5,159,972 $5,478,132 40,333. $6,729,332 -2,300,759 consolidated subsidiaries . $6,619,484 109,848 profit on foreign exchange(net)™™™...:™—™ exchange earnings Charges .$5,518r465 '2,210,032 holders of the common the of stock now held in income "The the : the Fed. 9 luoome Months Dividends "outstanding, escrow. charges avail, ™™_, for 15G, p. 2307, divs._> . — "General "Charges Net Profit (pet)_™_r™--™— ... $2,999,739 $2,830,498 $2,608,980 1,021,014 939,842 870.875 827.899 1.015,904 858,403 680.759 $1,278,865 $1,260,211 504,875 492,259 Net'income Other . 483,945 75,350 68 385 81,147 125.475 $460,388 $628,235 $705,458 $650,791 before" deducting'interest charges ' 610,870 $L201,495 •<■■•■■■(■■«■.—; Net $1,687,081 356 $1,687,437 —™__™™1_- 3;201;943 foreign exchange charges Interest 1939 250,838 '101,705 . (net)—™,™—.™- earnings'™—™™-™—-—-—-—— on - .1940 '; 1941 $1,231,933 . ■ $2,026,459 $1,584,481 expenses, taxes, depreciation, etc.—1,797,387 1,784,836: to subsidiaries ^^™: —— C)T,458,009 Crl,392,733 Amortization 1941 " .1942 $1,240,885 531,256 254,318" Total earnings ; - 1942 •. —,—_—__ ;—'— . 504,875 taxes. Sept.. 30-— ™__™™™™-„-.™™—r-.: Interest; .525 $1,040,613 local deductions Bal. —V. & Ended — Miscellaneous income now income tax has been estimated- on Act of. 1942. :/ No provision necessary for tlmrfuding taxes to 'foreign governments, etc. \ Account (Parent Company -Only) » Revenue taxes, ■ , j.$356,336 for U. S. Federal the v stock of for each share $3,077,532 income of profits .3,664,765 , $970,957 / provision basis excess preferred for each share of old common common Net ILoss, common $3,308,435 ^Interest charges of parent company-—3,457,616 . the $4,428,573 Net Income before charges of parent company ) common. in cash maint. & retire. depreciation Oper,, Other $4 -convertible 1,243,719 International Telephone & Telegraph Corp. (& Subs.) said .. Hydro will be -reduced' by ($3,180,770, .and to capital surplus. revenues Net and 240,000 „_'™™™™.™™™_..-™^^™_-™.™" goodwill (Excluding certain cutstanding The Gross capital surplus per escrow-amder the Interest directors fund welfare $7,336,964 '6:124,704 ' . . :™_: Interest by Hershey Chocolate Corp.—Extra Dividend of $1— in. Indianapolis Water Co.—Earnings— i-gainst which it will be charged was $16,652,344.—V. 156, p. 2306. The : Reserves to holders of the preferred stock and old common will have right to receive the cash and new common distributable to ,them under the plan, and such other rights as are Incident to the ownership >flf such new common, and all other rights of such stock¬ holders against or with respect to Hydro will cease and become void.— V, 156, p. 2039. / (8) only of authorized held. credited 12 Mos. End. Nov. 30— stockholders by new exclusive and authorized now and 11 shares of new common preferred stock now outstanding. ; (7) Hydro will distribute To the holders of the old $14,208 Shares oi Foods, Inc., was planned for Dec. 31, Best common will .distribute to Hydro •Hydro the net amount Inc., old into <11,025 capital-'Of thereof amount to the net (2) Products I (1) Foods, minority stock earned week 19 of excess The Best Foods, of letter's holdings accrued stockholders' Hecker for 19, less of Corp.'s bodks books Nov. company, stock the of shares reclassified 45); The /•' of this corporation to The Best Foods, Inc., special meeting of the stockholders held Dec. 29. stockholders $9,242,823 :;*v -■ - y • *10,237,540 ; : __.™i 9,924,459 6.756,169 certificate_J_^.__™_:;_,% ;-V property, .10-year .2V4%- common .. name ,a Sept. 30, '42 Dec. 31, '41 —™- and Advance $1,222,071 changed to 250,000 shares of new .agreement will be returned to Hydro and cancelled, (4) The remaining 21,000 Shares of old common now %%%-% %: will Hecker Products Sheet " ' $10). the last.— 1, V - balance receivable Mortgage payable ; : (2) The 107 shares of preferred stock now in -the-treasury of Hydro will be cancelled, and the 20,898 shares of preferred stock .now out¬ standing -will be reclassified into 229,878 shares of new common. (3t The escrow agreement of May 6, 1922, will be terminated and Similar dis- 28. and 1 : official notice Of issu¬ 1,039,621 will be transferred surplus to capital stock payable $1,724,476 ; 38,455 463,950 pursuant SEC 1 49,505 on 1 Federal S. U. Co.—Recapitalization application an 31. cents, shares there from earned $1,594,892. Total % 25 par) Ino 49,505 , »/2'« • company Earned Section 11(e) of the Public Utility Holding Company Act of 1935 tor approval of a plan of recapitalization. A statement of the transac¬ tions proposed is summarized as follows: . (It The authorized capital stock of Hydro, how consisting of 21,500 •shares of preferred stock, (par $100»^ and 35,000 shares of common Haverhill Gas -Light Co.—25-Cent Dividend— of 2.95 20. , The -position and cash resources of the company permit payment thereof in whole or in part.—'V. 165, p. 52. dividend stock of issue corporation accounts assets- • the on record Dec. Corp.—Listing— contracts payable p. 2039, 156, Indiana of 1%, %, viz.: $86,250, as well as the said bonds with respect to the rate A and Total directors declared authorized the listing of has -expenditures and work in process Dividend $1,696,507 27,969 ■ been :™™: Accounts . Fund— The capital the of Treasury 1,770.243 1;318.032 ' Charges Machines Exchange " Factories, $4,784,782 3,051 deductions fixed Total 1,833,694 1,076,060 C> 1,145,697 Investments- * $124,774 3,127 : income 1,895.774 L445.378 . $350,614 income Total • 5,393,526 Semi-annual stock distributions of Vh'b May T and" Nov. 1, last,—V. 156, p. 2132. v on the munitions —V. Net 5,568,948 Ltd.—Cash Dividend— Business of shares books General ,140,11? - , cents.,per --'share'- has Deferred /-assets 1,145,697 Railway From Jan. 1— Gross 2;65 Stock York Against Capital Net 250,204 railway,. from railway. income. oper. also made U";' S. 8,866,281 taxes.—V. 156, p. 2307. 115,399 < cents. 2.24 Notes 14,880.997 21,883,928 ; 1939 6,436,207 2,532,070 ™™™„1 on $1,204,616 $14,549,048 $13,494,900 112,766 93L836 C 907,210 101,088 1,328.384 1,224,321 29,256 350,764 323.2104 575,858 6,849,059 f- 5,896,180 35,034 426,191 359,197, 30,867 1939 $1,685,482 $2,063,459 $3,186,529 ™ 14,632,884 559,840 1940 87,976 , 1 ■. Co.—Earnings— $1,280,783 64,380 114,597 & struc.. Transportation 1941 : 1942 railway.. 1,361.950 • 1942—Month—1941 revenues—— oper. Maint. Gulf Mobile & Ohio RR.—Earnings■ 180.15S " ,' 8,151,497 3,67.9,250 of Assets— Cash -v--; providing for Federal income Traffic. Gross 204,687 Total 1502. p: . Period End. Nov. 30— €orp.—Merger Approved— See $535,801 191,811 Consolidated 23,747,278 36,516,812 - 2,710,929 Indiana Ilarbor 429. p. $519,609 160,723 : stock dividend, making the total amount applied for a - the Other registration statement listed the amount of the ofiering at $21,- 900,000 as Patents Utilities 1941 ;; $593,832 $32.2168 vper? share, totaling ; 38,911 1,921,790 ,:V 1,307,845 w ■■ fxd. chgs. Dec. 1942, showed offering market prices ranging from $2.70 to Electrical Equipment Shares' $7.30 each. ance 750.633 52,576 • Inventories- income.. based prices at shares 744,759 6.P20 . Co.—Earnings— 2039. 1, additional Shares. make it mileage and the nation'k longer 1942 ) cash .dividend The New 23.035,556 77,035 10,783 4,018,774 for rent & oth. these 35,824.629 28,463 — "Net offer to proposes •selected 15, % . cord rayon $705,332 381,132 , . railway• income._i '1,650,569 were • RRs. company 1942—11 Mos —1941 1.851675 in give per tire, thus helping to conserve natural and synthetic rubber, the announcement 2224, : :-y)y ..j v; International fixed for army of railway p- each . 12,593,664 192,686,535 128,892.269 9,419,772 122,631,718 '92,205,518 4,001,094 1 income : and '• *■:-'y ■ cooler, oper. 156, Aug. on income. -fluctuating market quotation and Will be issued in the class or classes by investors. The 19 shares, as of the close of business The front land 6,797,216 Mis-cell., deductions 'Inc.: -avail.- y aircraft rubber 156, p. •Unreimbursed oper. of types inherent run Institutional Securities, ... ry. all Insurance Group Shares, payable Feb. l to holders of In 1942 cash payments were made as follows: Jan. rail¬ operations'; , for resistance which from ry, A ■; 3,173,892 70,054,817 36,686,751 Railway tax accruals., v 2,243,059 1,135,512 28,855,257 12.591,297 Equip. & jt. lacil. rents vv---"./•>>•> -V. (net) Dr553,063 Drl86,705 Dr5,374,931 Brl;059,89$ a underwriter. less Net profits tax is required.—V. 156, p. 1327. 1942—Month—1941 ? expenses way v already widely used by the armed yarn, tires " and; heat produce' tires supplies $1,190,788 $0.75 RR.—Earnings of System— revenues..;. oper. oper. Other 23 filed Dec. on registration statement covering the pro¬ posed ' offering from time to time of -3,000,000 shares of capital stock (par one cent per share). Distributors Group; Inc., is listed as the Exchange Ry. Net Registers 3,000,000 Shares— to •Net from 1 $763,268 $0.48 ——• iOn 1,596,660 common shares outstanding. Period End. Nov. 30— Ry. into tire industry," Gross apply will corporation the. company announces that its be Used for productlo'n of this -v;' ■ / •'• will continued, process way From Jan. J— 41,750 ™—, , share common Illinois. Central 28 materially increase the companv's total output, produced by the "continuous process by more Illinois Termiual RR. 1941 $1,232,538 700,000 345,000 • ' Note—No provision for excess • not its limited depreciation, interest, etc. TFor post-war contingencies, and other anticipated losses occasioned by conversion to work. war : . volume railway™jNet frcm railway™_i.i. Net ry.4oper. incomO.L; Subsidiaries); 1942 and surtax——1—" L,™„ profit Dec. process statement strength said.—v. under reconversion . for a ruling from the Commissioner of Internal Revenue as scon as practicable after the close of its income tax year, Dec. 31, 1942, with respect to the degree, if any, to which this year's distributions, may be > non-taxable to shareholders. It is expected that this ruling will be mailed to shareholders well in advance of the due date for filing tax returns." Mr. Gaston also states that Dec. 31, 1942, will complete nine years of corporation's existence, and that the present dividend distribution of $217,946 brings the total of such distributions paid to shareholders during the nine years to $3,010,137.' "Yqur finds "possible Co.—Earnings— reserve ^Earnings per certain require¬ that this if it is believed by your management comply with those requirements. and met, will the continuous our —V. respect to a 'regulated investment company,' as defined The new law, however, does continue the exemption of investment an / V 1.304,096 allowed with in part, if any, will be ruled what determined for your largely the to as Revenue of realized relation be certain stockholders to Internal Under income. hot is made distributions Commissioner prior it 1,287,907 ™™,l™ Federal income taxes provided )"• . ;v.i November— taxes 1 Contingency ' rates we are confident that its superior quality which has revolu¬ tionized textile weaving standards will win it a perminent1 plate in the 1953. 3 Months Ended Sept. 30— wiir qualify "for the tax exemption ,pro¬ Act of 1942 for a "regulated investment Revenue Kenneth this raise Gross company of ' rubber . under 1941.—V. payable continuous 50%the -'As one-half of increase of. railroad taxes- for 1941 assessed ('•' the provisions of Chapter 291 of New Jersey Laws prior tax law, basis •. . . Industry— /.)":>/.v- ;'y require ("Includes, . .. $299,558 $849,150 „ 118,554 114,853 $45,904 "Loss. •Group Securities, Inc.—Tax Exemption Expected— expected that will The 5 % at the on . '' "$76,222 " Hudson Motor Car vided 1,645,983 the hands in public, $2.25 $370,609. .. vehicles, $68,949 bonds Deficit den, Stone & Co. and White, Weld & Co. The offering was completed in one hour and 23 minutes. There were 32 purchases through 22 firms, with the largest block sold amounting to 525 shares and the smallest to eight shares.—V. 156, p. 2223. is 1,607,107 Smith, Barney & Co., Hay- with 75 cents commission, by It distribution yarn. than for int. adj. inc. bonds. on Int. computed are $1,706,251 to corporation is replacing regular strength -yarn production at it's parent plant With high tenacity yarn for tire cord.required for aircraft, motorized artillery and army transport yehicles, it is announced. In a special message to stockholders accompanying year-end divi¬ services, fering of 3,728 on taxes amounting The 1942—ll Mos.—1941 v/vNet inc. avail, made of credit . $7,625,650 5,279,504 $203,526 9,136 post-war capital stock. 1942 Revenue Act. 143,713 c_C income income Gross Inc. - 2,6r2"6,800 "3,916,911 $1,98 10% . 318,375 $1,506,403 Note—Federal . "While 29,746,284 profits - tax™ share™—™-™: of shares $212,662 taxes™ Operating income Non-operating 85,651,767 34,770,397 115,372,012 44,011,003 26,716,921 150,785,692 65,640,497 railway™™ railway 759,325 dend ; and excess common deduction $633,671 1571,096 $713,572 510,046 revenue™," oper. Oper. $4,651,426 100,000 — From Jan. 1— Gross Net contingencies Federal income '.'for in the 1942—Month—1941 Period End. Nov. 30— 1940 $15,311,875 $10,192,940 7,215,551 2,020,111 Net/from railway Net. ry. oper. income— 4,000,553 1,005,859 railway for ; . 7 Act. - $7,981,155 1941 1942 November— from Section 115 (c) and 11-7 of the Internal (g) (3) and 9.4 of the /California Per¬ bf provisions and Tax Hudson r, 3041 $5,699,034 • .175,7.20 • —™™™_ To Serve Tire and Year to Date Earnings for November ' Gross v: * $4,474,855 : 176,571 .107,321 ... income Provision as %v.- 1942 $15,514,795 5,591.713 Interest; and other charges_^--™™„v™U,_™/-,-% the including the three dissolution dividends share paid this year.—V. 156, p.-1864. company, ran the road this year. made by : i income Total holders of record Dec. -16, 1942.. plan of "complete liquidation?' to under stock Total earned and liquidating dividends paid on the outstanding capi* tal stock of the company aggregate $2,965,500. or $98.85 per share; of $13,934,300 In total A been chase the ' • ■ subject to income taxes to the individual stockhold¬ is Code Income .' : — Pperating profit, after depreciation-™™^™™- . The ' ... (& Subs.)—Earnings— Sept. 30— , : •. special meeting held Dec. 12, 1942,.declared dissolution a 3 No. 25. . been made on this issue each February 156, p. Holland Land Co.—Final Dissolution Dividend— 1942—3 Mos.—1941 ™_ and since Co.—Earnings- Grand Union Period End. Nov. 28— "■Net both similar extra distribution has A ' : stock, preference and Oct, 1, last. The previous pay¬ 1937 and 10In- stoclc in 1938,— 1 $4 per share in cash in were *■ Monday, January 4, 1943 to of discount and ™™™—-- "No. provision :— '-. ' charges—, — li.—• — $1,192,378 Ur290 $1,192,088 "3,388,888 253,010 expense subsidiaries— interest loss debt ; '6.448 . 6,030 671 2,643-. ,_™ —"""$1,776,627 — 275,206 ." required for U. S. Federal, income and $2,478,707 excess profits taxes. Note--The Sept. of its consolidated 30/ 1942, includes subsidiaries only which telephone properties in income are account the for accounts engaged the of primarily the West Indies and nine the in South mouths ended parent company, the operation of America, and of Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4139 157' distributions "of "30 cents each engaged in business wholly in the United; The1 accounts of International Standard Electric Corp. and ''subsidiaries'!'(principally ' jmanUfafcttirlng Vsubsidiaries/ located invarious countries' of Europe and the" Par East) , and the accounts of t^he folloVing: "subsidiaries have "hot been consolidated: American Cable'&; RadiS- Corp;* and» its subsidiaries, »• the' Spanish Telephone - Co.', ■ the Mexican' Telephone Co., the. Shanghai Telephone Co:' and the German certain" of "its- subsidiaries States." ' subsidiaries.—V, 156, p. -1-239. *■•'• ■■ \' ( "' " ■' • *■■■ Inter-^Iountain june 2, feept, 1, •Net , 1,300,166 522,513 362)364 international 3,098,353 1,561,340 from -from Net iy. ' 1,139,244 ,V> 87'/2 $3;50 prior preferred stock, cents per share on the no railway.'—- 5r,922,469 16,877,544 7i;222.961 "railway25,557,580 opef. inebme,.! ' 43,151,858 11,294,857 6,332,820 v' - Vp'ayabie;Peb.-''i''td:'h6lder$'"df'''rec0r'd/.!JBn.'-:2i,\'sufchjdeclarati6n'-8Ad'-t)ayr^ menl,. however, .being subject to approval -by order of the Securities, . - . . 1954. Insurance Co.—New President Midland Valley RR.—Earnings— a from 1942 1940 .1941 : 1939 $130,868 $120,010 66.610 60,767 49,597 55,771 40,072 42,071 27,582 1,273,674 1,348,166 648,092 1,229,108 1,276,187 577.867 532,192 581,181 345,771 railway—.. from Net 413,541 309,062 364,200 $141,911: . railway—76,268 Net ry. oper. Income—_ From Jan. 1— ", ■ $116,211 , Gross Net Granljery, Mar ache & Lord; A. C. Allyn and Co., Inc., and Emanuel'& Co. The offering does not Constitute new financing by the company.—V. 156, p. 1417. and^ Exchange-Commission :under the provisions" of' the Public Utility Holding Company Act of 1935. The'transfer books of the company-tyill not close.—V. 156, p. 2307. .v.; : ;-t quarter during 1942.—V. 156, p. November— -v block of 10,000 shares of capital stock of the corporation Was made Dec; 24 at $9 per share-by a group including .valu'd/. par each 41,389,512 12,585,429 6,187,156 9.621,195 11,631,585 -Lionel;^$tock Offered—A public offering of • to -E. Stanley Kite of Swarthmore,-Pa., has been elected President, suc¬ ceeding William F. Fischer.—V. 156, p. 2133. 662,851' ' a..'c-'1 —'VM56, ,p. 2040. Corp.—Regular Dividend-rt.; The 'directorsvbh -'Dec. 28 declared the regular 'quarterly dividend rbf Assistant 'Comptroller as • Net Utilities made were Manufacturers Casualty Gross ' post 1939 income.",,' oper. ry. Gross ' . his 20-Cent Common Dividend— $3,986)388 '$4,935,991 From Jan. J— . "relinquish take bver his new 'duties.- tions 1940 $4,069,728 1,373,013 $7,563,475 " railway, *111 .Trom, Net The--.dlroetors>:recently decla red - a dividend of '40 cents per share ' on ; the 6'/v noil-cumulative preferred stock, par $10, and on the common stock,: par $10, payable.1 Jan. 2' to holders of record -Dec. 21. .-This.. Compares with 30 cefnts 'each paid:'on July 1 and Oct: -l; last; and 40 (Jentsj each on Jan.. 2 and Apr. 1, 1942.--V. 156, p. 1050. : s Will 43 A dividend of 20 cents per Share has been declafed on the common stock, payable Jan. 31 to holders of record Jan. 15. Similar distribu¬ '1641 1942 : ^ - "Mr.-'-Andersen 1 Vailey RR.—Earnings—• Lehigh November-- : v•" iTelephone 'Co.—40-Gent Dividend-— March on 'Dec.M*; - last/-' An extra of" 50 cents was also paid on Dec. 23, 1941, during which'year four quarterly paymerits of 30 cents each were-also made.—V. 15'6, "p.; 1865; ; Grbss Jrom; railWay,,,. - made v/ere and • ' railway.!-^: from from Net ry. —V. railway income.— oper. 156, p. 2040. Midwest Piping & Supply Co,—25-Cent Dividend— Co.—Pays 50-Cent Dividend— Investors Telephone The directors - the on capital Dec. record arid stock,- no 18. 'Similar Iowa Electric Light k/: 80. p. & Power Co.—Accum. Divs.— (/■'The directors -'have"declared-dividends*'on account of accumulations of per share on the 7% cumulative preferred stock, series A,. 81 V'i cents per share on the 6%%- cumulative preferred stock, $eries B, 87% cents .pnd 75 cents per share on the 6'" cumulative preferred stock, series:C,y all payable Jan, 20 to holders of record Dec, 3l. Similar distributions payable during 1942 Feb; .14, an 13, 1941 1942 , extra to follows; of extra per share has been declared on the common holders of record Jan. '8. Distributions 15 of 20 (Excluding Total July April J 5, 15 cents each; Oct. 15, 30 cents each; and 15 p. 1954. Sault Ste. 156, Wisconsin Central Marie Ry. $1,836,686 1942—11 Mos.—1941 $1,634,324 $20,769,586 $18,222,667 1,380,172 1,363,801 15,648,491 13,766,472 $456,514 expenses $270,523 $5,121,095 1,436,729 $4,456,195 1,340,694 C)13,ll3 Dr7,905 Cr76,427 Dr 161,669 -DM3,338 DM4,386 Drl63,688 DM46,016 $334,522 DM46,881 revenues- $118,141 $3,597,104 $2,807,816 Cr22,722 Dr56,673 CM18.412 $3,540,431 $2,926,229 ' Gross Joy Mfg. Co.—New Director— Robert M.; Dale has been elected V. 156. p. Net from from Net director, succeeding David Ingle.— a ry. Kansas The company ■ Net on, high, resulted record but in smaller a income well taxes,, dividend $3,150,000.—V. 156. than p. . in paid was 1941 "November— Net / when from Gross Net from Net railway..-.:. S3.228.596 ; opc-iv income-:: ry. $1,792,490 $1,266,952 612.355 465,405 264,600 269,841 295,840 . from Gross 30,999.632 6.442.643 3,794,001 income.4,975,448 12.201,845 ry. Net dividend of 25 SI. par cents payable V. 7 On Jan. payments Avere made 2,902,141 - 2,238,681 1,557,166 1,458,630 railway from dividend yof (G.) Krtieger Brewing Co.—12^-Cent Dividend— dividend A of 12!4 cents Net from Net Net railway—!. from . J 89,090,301 23,080,509 80,531,361 21,474,388 Gross 24,057,725 15,445,928 14,509,115 Net from Gross Net ry. —V. 129,098 income— Net ry. ! goods sold, 1942 adinin. & sell expenses * 1939 235,046 6,296,131 operations.!—.:—-._..L profit ?from 235,608' 3,458,124 3,545,930 3,546,918 i;964.315 2.223.145 2)365,597 1.143,632 1.358,050 income,,., $2,612,113 ' $3,130,267 67,407 stock, common no This 15. value, par compares with payable 35 is first the (2) not The of both multiplication of operations, 1939 in drugs and able to taxes Islahds," for 28 well for . V. 156, of Net ry. —V. pares with 1941 Were 40,875 46,028 20,043 17,553 Oct. 14, railway,. 3,127,3,68 2,043.761 1.568,239 1,-462.570 ailway... 1,444,708 824,636 525.424 463", 294 income, 411,594 370,155 . .... 230,146 $1 November— Net Net . 1942 - 1941 Irani .railway,.,, $490,443. railway,.169,493 from ry, oper. ' income,,, 101,108 From Jan. 1— Gross from ; $420,375 132,125 82,286 , ' 144,351 1939 . ' $377,799 ;:' . 99,428. - 5,671.919 < as follows: of for 29 paid $25, to Jan.. 14, 156, p. 25. cents 1942 $1 4,065,281 1941 1940 1939 railway.— : $6,569,159 $2,921,753 $2,387,353 $2,323,338 2.605,220 122;475 616,531 385,211 income... 1942 1,605,123 •374,614 214,837 9,121 51,873,063 31,637,755 25.486,280 25,992,780 16,458,783 8.092,821 5,796,847 5,385,624 9,239,738 2041. 3,348,103 1,607,764 1,170,442 railway!— railway—__ income— 156, p. by at and least local the taxes we dividend a holders of Of last; 65 Jan. 14, $1.25; Apr. Dec. cents on per 12, $1.10; to us was per share, the as emphasis, flyeT in 1941.—V. 2,760,228 1,239,595 1)355,403 1,087,706 as the involving /the also use Earnings— Net 1942 Net 1942, $209,941 $166,691 94,846 72,743 74,260 58,513 70,580 60,806 railway—_ 2,513,066 2,222,148 2,090,108 1,813 656 railway...-.: 1.047,025 957,254 869,840 '746 608 768,347 790,779 847,725 791:390 opef income... $209 803 93 577 103 184 From Jan. 1— during 12, $1; 1939 ,1940 $229,087 from ry. 1941 railway.— railway.!— from Gross on com¬ from Gross and Net. from —V. recently declared on the com¬ same 190,530 3,755,314 mails Net share 121,619 4,590,689 a Montour RR.- 1418. per ' with the Sears flyer, was on the soft goods displayed a surprising number of "hard-to-get" of metals. Some of these offerings were at prices unchanged from the big catalog and others, differing slightly from big catalog goods, were at lower prices. They included dinette sets with chrome tubing and plastic table tops, kitchen cutlery, electric roasters/ electric heating pads and fluorescent kitchen lights. = In textiles, price reductions ranged from two cents a yard on 68x72 Shoe pricepercales up to 14 cents a year on part-wool garbardines. reductions were numerous, ranging from 37 cents on lines formerly priced at $4.25 down to 20 cents a pair on a former $2.40 offering in women's shoes. Cuts on men's footgear ranged from 12 to 29 cents a pair.—V. 156, p. 2308. our share This July '14, July 5.386,071 3,360,195 1,824,105 Montgomery Ward '& Co., Inc.—Issues Bargain Flyer While itself Thus Payments 1942. 3,787,851 -1,358,530 items of dozen look 22. 306,303 2041. p. November— cents 30 record $485,839 247,679 outlook. applic¬ company serve 1939 $391,988 298,599 155,618 elaborately illustrated 120-page mid-winter bargain flyer featur¬ judicious mixture of cut prices and new goods was sent through by this company on Dec. 29. A year ago this company dropped the annual sale event because of the general merchandising the Hawaiian them. 1940 $499,288 : 120,394 6,-426,818 income— oper. 156, the specifically designed require just as careful pay for our own account. whom 1941 - $555,726 333.484 An a taxes " railway.:..:! from ry. > has affecting income...: oper. Net 607. wholesaler 38 States arid these 194'2 " railway..... railway from'railway—. Net Income oper. ry. 156, p. 2041!. ; National Power & Light Co.- -Exchange Offer Terminated— The 156, p. 1152. Marshall Field & Co.—Sixth Official Takes War Post Commissioned Secretary for 4,878.505 6,215,212 lines, a affected is as from r.v. —V. a Major the in States United Army, Earl Kribben, . 75,348 102,504 - railway,.. 15,910,900 8,368,747 , exchange offer dated Jan, of company terminated on 31, .1942.. Pursuant to said offer, the holder of the $6 preicrrcd stock of company had the privilege, of exchanging all or any p.ir • of his holdings of stock in full share amounts up to 90% of. such hoklings presented for exchange for shares of the common stock of Houeton Lighting & Power Co. 011 the basis of two shares of common stock ~jf Houston for each share of $6 preferred stock of National.—V. 156 p. 2308. 30, 1942, Dec. 1940 $369,652 17,649,387 20,997,853 From Jan, 1— stock, no par value, payable Dec. 28 to holders of record Dec. 26. amounts'were paid on April 2, JUly 2 and Oct. 2, last, making the total Lehigh & New England RR.—Earnings— 32,035,605 oper. from Gross Co.—30-Cent Dividend— par $1.15.—V. dividend A Like Gross 156, p. and regulations $1.05 paid on Oct. 14; 14, 1942, and $1.15 on Apr. ou mon 2040. 69,706,341 45,351,236 income.:; 2308. railway—-. from ry. Net provision Manning, Maxwell & Moore, Inc.—25-Cent Dividend—- 169,235 v the major/ phase of our business operations."— ' ;! ,(■ . :!/:/(;V;"//:/ :V?'v; a Dec. stock, common 44.993 p. 831,741 76,062,564 •Deficit.—V. Net tax division. various State "Most' of ; Tl^e company on 45,186 oper 156, the tax new has become 1505. p, 75,233 1 above, taken.—V. company's company by said. Maiden Electric 101.430 from Net be pharmaceuticals our as Murray interpretation tax division $144,696 from the of From Jan. 1— Gross action watching and paperwork as do those we Furthermore; many of the smaller retailers $162,627 . included there are; others:, which Congress by consumers. These latter $190,217 income. 1,190,252 79,262,788 from Gross taxes has made their servicing a major phase according to W. J. Murray Jr., President, who the appointment of William C. Ettershank as liquor, as Mr. but $256,655 . 1942, payment railway,. oper such charge of • ry. of the operation of our 68 divisions in r ailway,'.. from Net Net Dec, on manufacturer a Federal , • should statement, business the 1940 1,423,855 101,650,499 Monohgahela Ry.—Earnings— known, whether the company's contracts may be renegotiated the effect may be. upon the profits of the company shown what, . 1941 4,052,334 November— ' composite rate of 66%%, which, in our opinion, requirement? of the 1942 Revenue Act. existing law war contracts are subject to renegotiation. Under is pays, 1942 ■ McKesson & Robbins, Inc.—New Vice-President— par Lehigh & lludson River Ry.—Earnings- 1,718,487 railway..... from Net arbitrary Vice-President Coal &. Navigation Co.—Special Offering—A special • offering on the New York- Curb Exchange^ Dec. 28, of 18,400 shares of Stock (no par) at $4 a share by Hemphill, Noyes & Co. was oversubscribed. There was a special commission of 25 cents a share,—V. 156, p. 2040, 1939 $7,526,274 2,025,222 161,174,905 p. from Net $3.45 , and allowances. returns months nine at per Co.—40-Cent Dividend— Noveinber- $2.01. ' ing Lehigh Gfoss "front ! ample to cover the in this a dividend of 40 cehts per share on the $1, payable Jan. 26 to-holders of record. Jan. "4V Payments during 1942. were as follows: Jan. "26," 70 cents; "April 27, 50 cents; July 21, 80 cents, and Oct. 10, 30 cents.-r-V. 156, p. 2225. stock, $954,143: $1,630,675 ■ ... the directors haVe declared The 1940 $7,825,089 2,583,781 From Jan. 1— "that basis. is "As Capital 1941 $9,769,655 8,067,522 income... Net "ry." oper. 1,567,000 1,717,000 basis, the announced Leece-Neville 2041. Provisions on that on Jan. Cents corporate books but hot $17,374,970 • November— Net - * — 472,600 shares) ion is 25 to holders of recordshare paid each quarter from Apr. 25. 1941, to and including Oct. 26, 1942, and 50 cents paid' on Jan. 25, 1941.—V. 152, p. 2242. Jan. $3,197,675 $2,671,143 as or dividend df 45 cents per share on 2040, pp. on Missouri-Kansas-Texas RR. —Earnings— / year For -& Co.—Larger Dividend— a 156, $500,231 accrued railway- oper. 156, Gross ! deducting discounts, the : Lazarus (F. *& R.) After are 156, p. 2040. The directors have declared $45,465 1942 oper, ry. —V. For the year 1941 the' composite - tax rate was 53.45% of net profit/accordingly the provision for the periods of 1941, included above, 2,903,280 1,855,943 1,284,931 > de¬ railway from 7.462,345 income aboVe, 295,794 : 956,753 railway,_ .railway.-:.;:: oper. Net 59,031 gen., "Net profit Earnings per i share is - 1941 $8,908,244 $10,592,613 * $413,254. 166,976 cx- railway. from Net " Sept. 30— 1_— Net- before : taxes.— It ' Gross Co.—Earnings— for 'Federal income and excess profits taxes follows: 1940 the composite tax rate was 33.96% of net profit, accordingly -the provision for the last three months of 1940, included 100,543 255,054 - irom Gross ■ " from from Net ' 174.386 ' raihv.ay. oper. ry. From Jan. 1— in November- 2040. For $347,127 i normal Missouri Pacific RR.—Earnings— 108,585,882 37,977,499 Notes—(1) $386,276 $309,681 Cr$136,394Cr$3,484,855Cr$2,875,330 Cr$ 183,161 chgs._ being, paid currently.—V. 1,741,665 22,871,255 (above . 1,320 49,578 2.401,907 62,598,269 Prov. for Fed. & State inc. taxes & excess prof. tax • 1240, ' Superior & Ishpeming RR.—Earnings— 1942 1941" " 1940 ' * .November- 1,320 54,256 " amortiza- of income— sales Other Lake ; ' 120 4,349 120 4,361 tDoes not include interest being per share payment was omitted.—V. J156, p. Gross 1939 $140,863 defense projects: of $8,290,299 3,153,143 3,242,026 . railway.!:! 152,403,181 p. fxd. after railway.—_ 156, Net , has been declared on the com¬ mon stock, par"$l, payable Jan. 16 to holders of record Jan. 9. Similar " payments were made on. July 16 and Oct. 16, last; and in each quarter from Oct.; 16, 1939, to and including Jan. 16, 1942. The April, 1942, ■" 1940 '$8,336,763 2,241,854 1,570,081 ' $187,642 preciation t 2,062,735 7,125,993 income... .oper. Cost of 40 cents per - share has been declared on the common, payable Jan. 20 to holders of record Jan. 9. Distributions of were made on* April 20, July 20 and Oct. 20, last, While' Jan. -20, 1942, a payment of 50 cents was nvade.—V. 156, p. 2225. • on ' 1941 1942 • road ——— •Includes Nashville RR.—Earnings— & cents each 20 paid Equipment , 12 Mos. End. ■ stock," ■! Net MeGraW Electric Kennedy's, Inc.—40-Cent Common Dividend— . income:2,151,116 "... , From Jan. 1— , ' charges * '. equipment and 2,515,824 oper. ry —V. on the common holders of record Dec. 26. Similar 2, Mar. 28, Aug. 3 and Oct. 5, 1942.—: s A 2,723,233 railway.!.. $15,510,183 $10,186,529 from Net to 154, p. 432. 1 5,301,840 for -Interest being accrued 189,115 share has been declared per Jan. fixed 6.995,804 from Gross Kellogg Co.—25-Cent Dividend— A 208.066 7,566.675 railway...,,. from Net ; 255;094 9,598,137 3,937,437 : From Jan. 1— 156, p. 1953. stock, 321,683 k available and $754,727 308.874 256,738 oper. ry. (net)..... - 156, p. 2307. Net '4,576.006 3,124.073 r 130,091 ' 1939 1940 $749,504 $915,531 384.925 206,197 14.089,302 November— 4.999 *76 : . 1941 $1,570,046 income..: income tFixed charges: R'eht for leased railway,."., Louisville 13,112.815 17.368,623 12,559,935 oper. ry. —V. railway—. Other inc..!: oper. Income 1942 " oper. from Gross -railway—:! Net. from Net 753,966 ry. cess $1,228,250 477,470 J 168,271 6,007,390 775;846 2040, p. railway,..^ railway... from Net From Jan, J—^ - from r.v. —V. 686,927 railway—!./ 6,625,573 • 156, equipment.:.:/ facility rents.— (V. Net 23,683,710 5,982,906 329,834 23,203,807 121,766 of ' From Jan. 1— 1939 1940 24,708,079 railway,::,^ 8,205,000 income.:j." I 1,682.283 from Net Gross 1941 32.016.242 November— 2132. ' 1942 - railway— i:':. than Fed. 1 (other Hire Joint ■ $2,500,000, the pay¬ of ;v;: . $1,845,747 Louisiana & Arkansas Ry.—Earnings— Kansas City Sdutherh Ry.- -Earnings—, ; *203,563 e72.653 ■.. ■'; ' 1942 were at a excess in Taxes 264,624 *■ 17,171 . oper. r,v. Net : 422,281 from Gross The dispatch adds that the company's revenues in new $1,966,257 376,993 vDeficit-loss.—V, 85,381,250. ment was $2,085,748 204,948 *305,917 __ from Net City Power •& Light 'Co.—Dividend— Dec. 28 paid $5 a shafe On 525,000 shares df common stock, or $2,625,000, owned by its parent company. Conti¬ nental Gas & Electric Corp., a Kansas City; Mo., dispatch says..'This was the smallest dividend on the common stock in years and is less than half as large as that paid in 1938 when the distribution totaled f; $2,934,092 income.:, From Jan. 1— 2225. Gross * railway,—_ railway.:. oper. Co.— Ry.) 1942—Month—1941 revenues Net ry. and 15 Jan. cents; cents.—V. 25 Minneapolis, St. Paul & 1939 1940 cents as Period End. Nov. 30— •Total November— 25 Jan. were an Dec. Long Island RR.—Earnings— ' Vyere made in each of the .30 preceding quarters.—V. 156, p. 1417. dividend of stock, Securities' and Exchange Commission announced Dec. 26 that had approved the sale, of all of the outstanding securities of the Council 'Bluffs (Iowa) Gas Co. to Raymond A. Smith, the nominee of John Nuveen, Jr.; of Kenilworth, 111., for a base price of $1,235,000. Such securities consist of 13,500 shares of common stock {par $100) and a $1,000,000 income AVi'in note.- Lone Star Gas Corp, was ordered by the Commission in November to dispose of the company as a major step in Lone Star's plan of compliance with the Public Utility Holding Company Act.. The sale was to be made by Dec. 31.—V. 156, p. 2307. value, payable Dec. 22 to -holders Of distributions :were :madev on June 27, last: 1941.—V. 156, The a 'A it par July 3 and Dec,. 23, on Lohe Star Gas Corp.—Sale Approved— : dividend of 50 cents per share DedFlS. declared on • >• 3,947,865 and. Treasurer immediate active of this duty Washington. in company, the Office of left the Dec. on 29 to feport Chief of Ordnahce in • , Net Net from ry. —'V. railway.. oper. 156, p. 2,202.554 income... 2040. 2,004,624 1,515,984 1,459,381 1,317,055 1,307,803 1,095,104 1,151,066 Lincoln' Stores, Inc.—Extra Distribution— \ ' share company on the on Dec. common, '23 paid stock to extra dividend of 50 holders of record Dec. 22. an1 cents per Quarterly the satne the tinie Frederick appointment D. Corley, of John D. President Andersen as of the company, Assistant Secre¬ function as Secretary and Treasurer while Major Kribben, the sixth of the company's 11 top. executives to engage in active war duty either in civilian or-military "capacity, is on military leave of absence from the company. For the ■past,several months Major Kribben has been civilian consultant ih the tary . * The At announced and Office of Assistant the Treasurer. Chief of Ordnance. He Neisner Brothers, Inc.—New will At Fred "and a D. Neisner p. President, etc.— special meeting of the board of directors, held on Dec. 21. *942, was elected President; M. H. Goldman, Vice-Prcsk; :it. Neisner 213G. H, Morrison, succeeds his a member the- father, . of. the Executive Committee. late Joseph M. Neisner.—V. Jr. 153. THE COMMERCIAL & FINANCIAL CHRONICLE 44 dividend of $2 payable Jan. 8 to holders of record Dec, 31. Distributions of $1 each rvere made on April 15, July 10 and Oct. 9, last, while on Jan/15, 1943/ made.—V/156, p. 1154,; / payment of $2 was a New Gas England This is a decrease of kvvh. England Industries, Inc.—Pres. of Five Mills- New Robert of Augusta, Mr. Portland ofthis' The Transport, Miscell. been has the in active tions': at is He ford; Berlin, N. H., Central Net operation of the mills for time,—V. 156, some 1154. p. /, . 141,759,361 ; should not; permit payments to, be made. which might constitute a favor; of North • American/, to the prejudice of public' Thus,, if there is a substantial 'visit; that the payment in question would be such a preference, it "is our duty to see that such payment be stopped pending final determination of' /North American's rights in the liquidation."—V, 156, p. 2309. '/-/ft. ; we. -1941 preference- in ■ security holders of Light & Power. 97.685.033 1,064,054 1,509,193 14,357,436 11,566,753 18,796,546 15,284.105 146,707 1,479,463 4,131,532 3,437,278 43,589,940 1,352,301 34,956,315 267,658 / 1 190,004 2,838,048 .'; 2,020,080 235,242 3;31S,277- "ft 2,479.SOT * ? 3I3;236' Northern Canada Joint 5,911,363 income/Lift; 57,332,651 487,000 Dr608,862 rent income oper. ry. ,2,680.115 necticut RR., Western capital July 31, 1936; Providence Warren & Bristol RR., Electric • Association—Output Off 1.92%— tEffectiVe rentals are in¬ cluded covering the Old Colony RR., Hartford & Connecticut Western RR., Providence Warren & Bristol RR., and Boston & Providence RR. Corp. leases. • $For the purpose of showing the complete account for the operated system, includes accrued and unpaid real estate " taxes on Old Colony and Boston & Providence properties; also accrued and unpaid charges against said properties for-Boston Terminal Co. taxes both generated and purchased, and subsidiaries'for the week ended Dec. 19, 1942 (the amount available for New England:, Power Association and other reporting companies and, secondary sales to other utilities,!, was 63,279,730 as compared with 64,515,926 kwh. for the week ended Dec. 20, 1941, a decrease of 1.92ft. ft-:.;/ .// Tne decrease for the preceding week over the corresponding week last year was 3,73ft, respective outputs being 62,132,620 and, 64,540,581 kwh.—V. 156, p. 2221./: /'./.ft -' Z'//: -//"''''ftftft^'ftft": Total p,f - production hours, kilowatt in England New Association Power , ■ Operating Net expenses Operating Net income.. 156, — $1,221,406 November— Net from Net ry. income— oper. from • V, 156, ' 1939 110,071 95,596 ft, 46,947 3.032,231 2.839,459 v 140,958 10.743,061 ~r 171,876 279,588 *47,056 _ railway-/.. 5,058,377 _ "• /ft/ft':/ v 6,193,728 - 2,561.636 1,157,158 1,272,798 513,824 company 439,233 Falls Co.—Billings purposes ft'/ft/./-* 498,243,031 —————— 17.803.681 ftft/ft during. the billings balances, Unbilled contracts the balances •Unbilled additional contract of of the the during ' . v by awards and letters of intent and the contract prices, in some instances, are estimated. The unbilled balances of shipbuilding contracts at Sept. 28. 1942, include such estimates with respect to vessels for which formal con¬ tracts have not yet been executed. The company has since been are only proposed by the Navy Department,, of the cancellation of a contract covering the construction of some of these vessels. r The above balances do not include the estimated contract notified Sept. of the of since the information not yet available. 1942, 28. company's accordance in renegotiation necessary shipbuilding current with of provisions the subject Section 403 to of are No. Law renegotiation cannot now of balances unbilled and • contracts, ■ •- - rolls at Sept. 28, - 1942, Leased Niagara Hudson Power Corp.—Two A of series of financial 37,655,866 539,099.731 406 473,343 of way struc. 7,048.673 3.902,107 62,660.754 45 413,244 Maint. of equipment— 8,905,059 8,306,247 98.846.526 83 356,273 & Other 635,097 566,066, 6,500,780 6 .107,106 16,788.053 15,054.8111 179,010,442 146 ,320,781 .—ft j iraili. Transportation Northern The 1,717,384 1,518.859 18,448.765 15 ,141,054 17.449.137 8,307,776 173,632,464 110,134,885 7,270.597 3,008,586 77,714,848 42,330,379 1,443,025 1,526,658 16,650.351 •Ry. accruals——." tax Equip. deducts, income by the Net income. after charges • 156, p. New 21.053,264 165.577 164,549 2,477.630 ,284,040 1,728 884 26,506 867 _— rail line operations Transport, Miscell. of the Murray determination for the between road >*"•ft 214,800 39,918,421 & Western Abandon •■''/<•'• •'// the on Dec. 23 referred, to a special question of whether the trustee in re¬ should Commission Jervis for and be authorized permission Monticello, to N, petition to abandon York New 'dateji Edison 'succeed the President, 16 hear¬ Co. of New H. Etc.— knd chief executive officer York, Inc., has been elected 2227. p. - 25,562 458 049 President to C. Johnson. Harry J. Bauer, Assistant Viceelected Vice-President. • " ' : Kehoe, Vice-President of - Consolidated Edison Co., and late David . 1942, in 30, to Dec. 27, 1941 1938, company by order an to of amount due for company of by. interim the last six* dated Dec; Companies certain collateral. in the matters of 27/ 1938, Del, of indebted to the. $11,100,000, was by Wis., and Minn., and securities to Minnesota, as the and indebted-; the reducing thereby approximately $9,217,000. the 1 income approximately note secured demand SEC, previously interest • interest front indebtedness of recapitalization approved by stockholders, surrendered substantially all the collateral company other certain the Power plan a Delaware ness of States of . reduce 1942. Delaware the a to the open-account of under of Section •* , was to. waive that permitted respect and the in evidenced . stock of the common company,., the provisions to forth, the on to with for which Under 1943, similar manner and part Delaware desiring company June to n 1940 Northern shares of of the pursuant Company Act. the application set of was by owned Holding months .. . / .ft / . payments on. principal, this indebtedness subse¬ quently was reduced to approximately $7,500,000. ft. This application, stated that it is contemplated to extinguish fully the indebtedness in As result" of connection the with liquidation proposed 156, p. 2309. V. month, • the of Delaware company.—■ , , . Croil President Hunter, plained. A and NWA, of Manager General ex¬ , large percentage the days is given a priority because shipments not only include vital materials from plants, but also parts and replacements for factories engaged in addition scheduled U. the tons of cargo over S, planes by - air , which express planes cargo carried express , the to flights, with tract of production. war / In Army was these • , . hauled regularly on operating under special con¬ Transport Command carried many of NWA Air the company's Northern Division to Alaskan bases. Passengers Carried— ' 1 1 Although the company has reduced the number of scheduled daily flights since some of Its' planes were turned over to the Government for war-time November, it''carried service, Croil revenue Hunter, were the for ft of Mid-West month totaled to related and since, the started company with Revenue during war , production miles passenger report revealed. company : " business Coast.. the Home offices of this corporation, port passengers cities to Pacific 3,488,061, Moves Home Offices— revenue General Manager, announced, all along the company's Mr. Hunter said, and a large number, route, missions on the and traveled transcontinental of them 5,181 President passengers northern centers ' located at the St. Paul, Minn./ air¬ more than 16 years have ago, just moved to another section of that city. " ' The company has leased the Krank building at 1885 University St. Paul, and the various offices and departments have moved field.—V. 156, 2309. p. " ./ - /■ . Ave., front ' Northwestern Bell Telephone Co,—Earnings-— Period Ended Oct. 31—/ revenues 2,447 015 2,200,619 Operating Net 241,565 191,415 1942—10 Mos.—1941 1942—Month—1941 $3,265,963 $35,713,206 $31,668,803 $4,268,773 oper. revenues— taxes . 4,543,493 ft; 559,208 income 1,718,381 1,160.258 15,507,453 22,843,157 /:.: Ohio Associated Telephone Co.—Earnings— / oper; (net) 589,174 5,918,660 4,361,641 Drl1,220 651,582 Brill,797 Drl69,094 / Drl4,216 — 1,738,212 21,314,315 27,035,701 22,348 13.077 114,417 152,969 2,378.096 1,751,289 21,428,733 27,188,673 ' 176,270 176,507 1,940,030 1.944,372 2,355.748 income(bal.) items ft debt- : income.— . ; 2,201,826 ; 1,574,783 19,488,702 25.244,301 156, Period End. Oct. 31— Operating Uncoil, Net oper. been 3 fteft called for redemption as of Feb. 1, total & v. American Because of numerous the North Light & Power unresolved issues in connection with the liquida¬ Light & Power Co., the Securities and on the. company $154,000 of interest 1,760 510,989 .ft 467.378 $28,310 $299,492 10,994 127,437 —r $28,348 $17,316 -105 179., .. .$280,403 112.613 $172,055 ft ; $167,795 Operating for Prov, i deprec. 753,283 - • " $2,144,980 $25,149,728 $23,390,328 614,379 8,132,703-' 7,260,803 and Z. 278,757 250,000" 541,612 amortization 1942—12 Mos.—1941 1942—Month—1941 $2,255,060 expenses 632,123' '3,316,327 3,075.000 "" General taxes Federal income — 2,417,492 taxes- 2.254,995 1,582,100 3,143,900 profits taxes . 1,805.600 1,553,500 Co.—SEC Prevents American Exchange Commission by income^. 2043. / Gross' revenue Fed. excess North - 48,648 , Ohio Edison Co*—Earnings a debentures, series due 1949, and $187,000 of 3-%ft 1868. 983 ."«•/ 53,826 589 revenues- Period End. Nov. 30—*' 1943, series due 1954, the 3V2S at 101 and interest and the and interest. Payment will be made at the Central Han¬ Trust Co., trustee, 70 Broadway, New1 York, N. Y.—V, 101 $750,055 $811,464 $77,137 $28,937 —_ taxes > Net oper. —V. 156. p. American Co.—Debentures Called— have $82,868 revenues.. /,. expenses Operating 1942—10 Mos.—1941. 1942—Month—1941 revenues oper. Operating 459,337 2137. p. 2042. p. Bank about $5,337,444 4,802,968 $582,279 income fneti. rents income payment ft 5,033,907 $539,384ft $4,768,961 income-^-. Net funded tion-of $10,371,351" 6,585,035 . —V. 156, p. $11,353,996 510,920 855,026 28,937,694 .debentures, 156, $1,050,304 $1,437,305 — 51,780,851 inc. at 21,211,970 42,140,788 of $150,000 of over 24,282,279 57,648,241 North 33/4s 85,432 2,207,471 3,702,381 : —V. 76,931 2,827,531 expenses Operating 8,188 4,862,639 ry. on 3,937 rev, 4,099,243 rents Gross Int. — oper. Cr54.212 Payment of $154,000 Interest— -- of Consoli- /;./'■/ '5,817,624 facil. miles Public Y. Corp.1—New-President, has been * Arthur Steam Tapscott, President the open-account on year revs.—_ oper. ibperating Ry. Jt. There Hulbert company Port Ry.- -Would this tax accruals— ry. Equipment V, / 9,092,932 ings were held by" the Special master, Basil O'Connor:—V, 156, Ralph H. Net Net Ontario Commerce Interstate 55,521 for investment- Railway Net 24,335,174 the distribution of. the Commission Net- oper. Other 3,490,200 taxes— Judge for 1,688.644 233,693 —— —.ft.—..— Transp. 43,928,231.44,905,236 42,797,495 of end 22,521,489 Traffic 4.041,738 "ft'ft 31, Delaware, Uncollectible 25,889 095 1,286,518 . the at of .the latter reason, Operating ,823,017 8,149.449 1,356.079 change Minnesota 11,169,028 1,192,868 Cr37,578 -ftft the 110.601,247 2,286,064 16,845,441 ft-- organization Dec. •/-/■■■$ S struc. & way 2042. York ; Federal master taxes, 12.916 901 of. equipment.— 70,526,923 • due company the further 127,595 143 of 15,607,910 '•••./ to .' 10,496,977 Maint. 94,875,175 3.894,109, B ranch— ; ..... of 1 e> A 1942- 11 Mos.~1941 1942—Month -1941 ft-" $ :■ -ft/ $ Maint. income & profits excess —V. fixed — •Includes Fed. 11 the .140,755 4,012.980 ft not Minnesota 12,228,977 operating revenues_ 2.364.849 charges...— installments desire the the proceeds to be share, Western Ry. Co.—Earnings & Period End. Nov. 30— Ry. 1,587,707 . a from ——— fixed Total 53,681,437 79,267,265 all ft ft. The 27,000 additional common shares at $100 a share, the proceeds to be applied to the full payment of cash advances made by Niagara Hudson. 156, p. 2308. 5,360,239 1,536.423 10,271,938 income Miscell.. 3.772.532 3,735,515 income Total • rents income. oper. ry. Other facii. jt. & Net ry. oper. Subsidiaries Per¬ transactions within the holding company system additional common shares at $100 24,500 14.123,019 expenses c_i—— Net rev. from intermediate holding ft company! subsidiaries of the & Light Corp. system, filed application with the Exchange Commission Dec. 23 to postpone to June 30/ The reason for the postponement, according, to the application, was a applied to the full payment of cash advances made by the latter to the former. The Hudson Valley Fuel.Corp. will sell to Niagara Hudson General ft t ft 1942, Securities and Exchange Commission. Development Corp. proposes to sell to Niagara Hudson approved Dec. 29 Norfolk 52,543,403 revenues *■ stay oh Nov. 6, corporation, enabling two subsidiaries to pay off cash advances, the was 1942- -11 Mos. —1941ft Maint. Traffic 1943, Corp., S operating Ry. . . mitted to Settle Debts With Stock— Lines) 1942- -Month—1941 . - —V. Co.—Earnings— All Including Period End. Nov. 30— such «•' the company be notified that the company elected the stay on the terms granted by the Court in place of the alternative proposal offered by the Federal Power Commission.—V. 156, p. 2308/,// Power such 2227. 1 p. New York Central RR. i of any, of • •- employees on the company's 156, if effect, the and estimated. 25,000.—V. exceeded amended, as billings upon be number The 528, as the power company, pending decision of the appeal, from compliance with the Commission's orders. One of the conditions proposed by the Court in granting this stay required that stockholders of the parent company,- Buffalo, Niagara and Eastern • Public Court. Circuit Court of Appeals granted the S. thereby.-released and- the preparation to contracts Inasmuch capital surplus. a when argument on the application for a stay was heard Circuit The U. is estimates such All charge to the company, the by ■ of prices received construction awards vessels for which the company had several at ft- >, power capital surplus this alternative proposal was referred to as not interests of the company and stockholders by counsel for no the contract to period. ft " *- ft both Prior in-the best the period and prices by of beginning additions net make to the company's present shipbuilding contracts large part of evidenced and increase of an (Minn.)- -Seeks Delay ; In indebedness in the approximate amount of $7,500,000. ,// '/ for the compared /with system; as year, Power Securities: and Minnesota 1921, which expressly provided that The in its project accounts the amount of company's hydro-electric properties as The Federal Power Commission has refused . '* kwh., week last ' ft" ft'"' ' the license. Northwest Airlines, Inc.—Air Express Up— / negotiate' the "fair value" of the properties and Instead, oh June 9, The movement of vital materials from war production centers and the Federal Power Commission issued an order which directed > a pre-season rush of packages containing Christmas gifts for men in The Niagara Falls Power Co, to write off approximately $15,500,000 from its fixed capital and to charge this amount to its earned surplus. • ft camps throughout the country brought about a large increase in air express carried by this corporation's planes in November, it is an¬ Since the company's surplus was approximately $3,000,000, compliance nounced. with the Commission's order would have created a surplus deficit of During the month air express pounds totaled 101,709 pounds, as approximately $12,000,000. ,c ' " / compared.to 49,176 in November. 1941, while air express pound miles Subsequently, on Nov. 2, 1942, the Commission suggested an alterna-, increased from 45,063,326 in November of last year to 73.708,710 last; tive to -its- previous order which would have permitted the company had 2,164,191 3,259.380 2, ./■ r Co. Power 40,625,000 „ ft/' ft ft -ft ftft' 473,380 y//: 416,889,339 at contracts adjustments and 2.637,571 ' received contracts changes Notes—A ft-/'- . period 452,336.826 Mar. the 2309/ p. States totaled corresponding 1942, 265,038 the at of close / Co,/(Del.), to - Northern 1942, the to $ S 3,542,418 434,693,020 period .V "ft- vft- $ 45,906.205 contracts Less $ of the date of of . of balances on the 19, Northern States Power Co.: (Minn.) and Northern States Power / The ft Power Co. set up Falls "fair- value" the /-'ft/-.'ft/ft- Co. Power power Hydraulic / :ftz/ Shipbuilding Contracts Turbine Contracts' Sept. 28, *42 Sept. 29, '41 Sept. 28, '.42 Sept. 29, *41 13 Weeks Ended— •Unbilled mailed 28 10,238 $61,797 ft; (Del.)—Weekly Output— Northern States Power Co. orders ; „ / . Power Commission issued a license to The Niagara for the diversion of water from the Niagara River for Federal The 2042. of Contracts in Process) .ft.//" ft. ft ft' ft ft'" ft: ft". ///ft"/,;:; :. , Dec. on Dec, 156, Harcourt proceedings now under review in the courts. 1,072,682 1,255,029 . iStatement ftftft: ft./, •': ■■■; ; handled legal mat-; has who Mr. v 2227. p. of output ended Debt Payments—; / ; stockholders of its parent com¬ pany, Buffalo, Niagara and Eastern Power Corp., a letter with refer¬ ence to' a stay granted by the U. S. Circuit Court of Appeals for the Second Circuit in the pending case of The Niagara Falls Power Co. against the Federal Power Commission. The explanatory letter, in¬ cludes a brief history of the dispute between the Federal Power Commission and The Niagara Falls Power Co. and a statement of the $279,184 $334,182 Newport News Shipbuilding & Dry Dock '■••••• Russell, T. 1906. , 1 States Power Co. plan of dissolution since • . shares of no. par value.), $500,000; earned surplus, $249,533;. total, $898,400/ ( kwh.' for: // Both appointments became effective Jan. 1. been appointed a director and member of Charles company 1940 372,035 9,954 1,000,000 . , 9.2ft —V. Committee. succeeds the Niagara '' ^ ' (issued, 37,215,000 succeeds Henry C. Carpenter, prominently identified with telephone developments in this section since the turn of the century. Both Mr, Carpenter and Mr. Russell retired in accordance with the company's retirement plan.— . Net ry. oper. income•Deficit.—V. 156, p. /'/'■ has also Brown Brown for The 1940- 1941 . $538,565 751,322 - railway- from Net Mr. Mr. RR.—Earnings- $1,229,604 _ railway——. From Jan. 1—-■ Gross 1942. >./,/ railway— from week Niagara Falls Power Co.—Reviews FPC Case— New Orleans & Northeastern Gross 2308. p. 1938. leased stated the York Telephone' Co.—New Vice-Presidents— Executive ters 1955. p. 156, for - Standard 1943. 7,942,765 7,848,215 interest.—V. New the $11,663,269 $12,115,815 814,489 847,568 —ft— income —V. •_■' taxes oper. $2,366,481 $24,200,495 $23,342,001 1,145,075 12,537,226 11,226,186 $1,231,161 ft • -revenues™ charges no charge of staff functions. $7,430,501 $76,788,756 $71,814,188 15,225 ft; 103,753 141,101 5,048,795 52,484,508 48,331,086 $2,670,867 1,439,706 oper.: rev. oper. Net $8,059,170 8,774 5,379,529 revenues Uncollectible 1942—10 Mos.—1941 1942—Month—1941 Period Ended Oct. 31— Operating bond and dates, Ralph W. Brown, General Attorney for the company, has been i. appointed Vice-President and General Counsel; and Clayton J. Harcourt, Assistant Vice-President, has been appointed Vice-President in Telephone & Telegraph Co.—Earnings— New England these stock Northern Old Colony RR., June 2. 1937; Boston & Providence RR. Corp., July 19. 11, of as 9,811 ' $55,445 $73,423 Sept. 31), 1942: distributable surplus, $77,369; income includes the resufts of opera-. 1936; Hartford & Con¬ but net railway operating $83,377 , r-V, 155/ pf/307. following companies were rejected on dates stated tion of these properties: 1941 865,256 . piofil; Net 3,148,229 / 1,206,472 •29,741,070' '16,860,587'-, .,$2,047,852. '.$103,543. $17„659,386; $4,668,370 after, .charges—— •The leases of the 7,045.250' . 1942 int.— and Balance Sheet at ; ' : 1,804,551 37,251,051 22,980,721 -/ft Assets-—Cash," $55,154; accounts receivable,' $285; advances to em¬ Dr329,224 Dr4,110,495 1^3,598,821 ployees in the field, $2,154; shares; in, other/ companies less ' reserve/ £>r423,060 Dr6,015,736 Dr4,621,254 ,/ $722,591;, interests in claims and explorations account, $117,406; office furniture and equipment (less depreciation),'3810/ total, S898,^400." / .ft 1,052,267 27,124,820 14,760,648 Liabilities—Accounts payable,- $1,498; explorations reserve, $70,000;; 3,567,563 avail, for fxd. chgs. Feb. New England Power dividends Expenses';'/• 30,025,971 20,131,600 jDj:278,586 rents: facility below, 2,291,551 .2,343,800 accruals— Mines, Ltd.—Earnings— Years Ended Sept, 30— rail¬ operations tax oper, tNet '.v;-'-". .'.ft . 8,874,029 154,150 linei .from rev. Equipment Inc. Central RR.; g "Light & Power is undergoing complete liquidation pursuant to the Holding Company Act, under our jurisdiction," the SEC said,. "Cleqriy Income: from of one the following: director of a Maine trail operations •Net New England's largest'-'organiza¬ Oxford Paper Mills at RumMaine Power Co.; New England Public Service Co., and Maine Seaboard Paper Co. ;■ 1 /.ft; 1 Mr. Braun succeeds the late Walter S. Wyman as President of the textile-mills. He has been closely associated with Mr. Wyman in the Co. „ General "fexpfenseV ft/ft. Ry. :■; :./v reorganization proceedings of the Me. Braun Brown v. ——.ft'.,;.,./ Railway Mill' " -Earn- ' Traffic President of the five include Androscoggin. elected mills been has corporation. Hill of Lewiston; York Mills of Saco and the Edwards and Bates, of Braun mills textile " •„ 1942—11 Mos.* -Month—1941 1942- '/ 13,851,280 oper. revenues—J, Mairit". of .way & struc. 1,361,934 Maint, of equipment-//' *1,711,407 way ft ft,,-ft ft' New Haven & Hartford RR. Co. Period End Nov. 30— /■ t^at/ the amoqnt.be; segTegafce^^ft.oin-'Ot'her^fu'ndSi1.:until^a/.finabprderwas handed down. /* '• ft'1' . ; members,,, pi .the': board; of made Corp.—Vt"l56, "p. 1778'. Ry." 25/this Association week ended Dec. the 10,853,304 Steam New York, ; , Association—Output— Electric & t,>' reports electric output 30,384 kwh., or 0.28Z: below production of 10,883,688 kwh. for the corresponding week a year ago.. Gas output for the Dec. 25 week is reported at 166,449,000 cubic feet, an increase'"of ■36;7'50,000'*xU&ic» feet.ftor '.28.32% \ abOVe-'ftpVoduc-1' tion of 129,699.000 cubic feet, in the corresponding week a year ago.— V. 156, p. 2308. ft/.' .ft"/// ■" // '/.'/': ft'; ft'..i:, For of Recker/fta; trustee, have been D. York New the common stock, share has been declared cn per hfeal Dividend-—. Naumkeag Steam Cotton Co.—$2 A Monday, January 4, 194$ Dec. 29 issued an interim order prohibiting to its parent, the North American Co.. of on debentures due Jan. 1. The SEC directed Gross Int. and :Net Divs. income other — deducts. pref. 156, 285,08T $7,440,425 3,462.653 3,447.575 .$363,389 $3,094,547 155,577 1,866,923 1.866.923 $1,227,624 $2,125,927 $241,517 ft. p. $6,557,200 155,577 stock Balance V. 28 4,314 $648,478 $397,094 income on $681,408 2137. /ft $207,813 . - $3,992,850 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4139 157 Volume to Called— Oklahoma Gas & Electric Co.—Debentures other companies; (Petroleum. Acceptance" Corp.);' $408,173;-miscel¬ investments, $116,437; fixed assets (less reserve for depreciation laneous for redemption as of Feb. 1, next, a total of $745,000 of 4% debentures-due 1946 at .101 Vst and interest. •-Pay¬ ment will.be made mt the Schroder Trust Co., trustee, 46.William St., New York, N. Y., or, at the option of the holders, at the Harris Trust & Savings Bank, 115 West Monroe Sti, Chicago, 111.—V, 156, p. ,1956. ," 'i ' • • v.: called been have There • of $2,463,408), $2,133,835; patents and goodwill, $1; total, Liabilities—Bank loans; $400,000; notes and accounts •Gross Net -income , . Earnings per 1941 $9,812,109 3,412,239 3,378,615 2,549,213 Mr. Martens $3.56 X'y\ drawn— '"its 6\'p preferredi'Stdck, Corp.—V.-156, p. 2227. directors application to all of which is owned by the Middle West . ;■ \ 4V/ '-^01 the stock and the usual common on second Net record Jan, 15, Pacific Finance Corp. of Calif.—Par Value stockholders Other income of shares stock held common in ■ . preferred stock and 62,766 shares of series C 6 Vz % preferred under an offer made on Dec. 1.—V. 156, p. 2227. T.,;Ty ;::-y•'V' ■: Pacific Telephone ; -Operating revenues Uncollectible ' , V" - $2,771,220 Operating expenses $2,135,926 $26,329,563 $20,739,294 5,201,747 Net revenues.- oper. 1,654,080 Operating taxes 1,081,705 . Net 1,545,945 !|,»; • ; 15,327,210 16,017,295 •;»V." Vt'.. ■//'-A{?:■ for have 154, of Consolidated (Inc.) reports for the nine months ended Sept. 30, 1942, estimated net income of 1,070,594 pounds sterling (equivalent to U. S. $4,319,846» plus 92,811,719 bolivianos, before providing for income taxes. After taxes estimated net profit amounted to 1,070,594 pounds sterling (equivalent to U. S. $4,319,848) plus.21,864,219 bolivianos. -This compares with profit after taxes of 464,911 pounds sterling (equivalent to U. S. $1,875,915) plus 13.925,805 bolivianos for the same period in 1941. Tin in concentrates shipped but not sold at Sept, 30, 1942, was valued in inventory at £ 333.10.0 per long ton of fine tin (60 cents per pound) f.o.b. South American ports, as against £ 250 per long ton of fine tin (45 cents per pound) at Sept. 30, 1941, c.i.f. Liverpool, • Estimated profits ,for the first nine months of 1942 give effect to the of £1,—V. sterling pounds to ■ U. S, dollars 156, p. 1869. ■ $4.03 Vh ai is surtax 7,; 1702. p. Suburban Water revenues Taxes Net . 20,154,552 • 86,894 *$210,834 5,072 . i|■ I 1'>m 11 1 *».. *$309,656 *$3,288,345 *$2,103,034 5,073 45,683 22,547 ( . 1—U.*■ m n..li■ 1» 1 >: ' r' ■ | I ■ - ■ y ,■ ■ ' . earnings and 1941 Service r $1,669,351 To S. V. company 11.810 156, 1839. p. , . 149,515 248,041 - ': 93.976 242,207 , $584,828 $621,870 presently be also outstanding used to bonds the at pay Co. ; declarations and applications have been filed with thq SEC by of New Hampshire, Co. Twin State Gas & Electric Co., New England Public Service - . . A Act. statement follows: as of the • , transactions therein proposed are sum¬ ' , • ■ . - . proceedings under Section 77B.— • , will . Court at Philadelphia has authorized the pay¬ due July 1, 1942, of $25 on the 5'i first mortgage be made at the offices of the Fidelity-Phila¬ reorganization its 104. fl will is in > sell to Public Service and Public Service pro¬ poses to acquire from Twin State (both subsidiaries of Nepsco) the latter's rights and properties used in and pertaining to its electric and gas business in New Hampshire and its electric business in Maine, together, with $10,000 of 3% deferred debentures of Dec., 1, 1936, and 20 shares of common stock (no par) of Nepsco Appliance Finance Corp., incidental current assets and incidental other securities and real estate (called the "New Hampshire Properties"), for a cash consideration of $4,048,978 '(plus net. current assets) Twin State pro¬ poses to use. the proceeds from the sale of its.New Hampshire Proper¬ ties to redeem its $2,435,200 first Tien and refunding mortgage 51/2% gold bonds, series A, dated March 2, 1925,. and due March 1, 1945, at the current call price (101 ¥2% through Feb. 28, 1943, and 101% from March 1, 1943, through Feb. 29, -1944), and to reduce its out¬ standing bank loans from $2,255,250 to an amount estimated at $429,800. v>:, Public Service further proposes to acquire from Nepsco, and Nepsco proposes to sell to Public Service, for cash the following assets at prices indicated: ,':.1 1 •.Price (1) Interest held by Nepsco in 1,000 sh&res, of beneficial v ' ; interest (no par.) of Swans Falls Co. $150,000 (2) The following securities: Nepsco Appliance Finance Corp.— :■ •'' delphia Trust Co. The sold at com- to be Co.* the last named company being, re¬ registered holding company, pursuant to Sections 6, 7, 9, 10 and 12 of District the coupon Payment The bonds are Acquire Assets of Twin State Gas— Joint and Phildelphia & Western Ry.—Interest Approved— U. of proceeds Public Service 156, bonds. 1943. of amount price the Public Service 676,000 10,967 254,420 ment on 1, outstanding bank loans to pay for the New Hampshire properties of Twin State Gas & Electric Co. and for other assets to te acquired from New England $1,645,863 676,000 248,751 The $24,500,000 ; face of Part .' 85,619 $63,101 H.—Registers : call current 673,354 . 573,226 $693,271 N. and the prices at, which the bonds will be offered to well as nqmes of underwriters, will .be supplied by as $18,929,000 - . 696,237 $1,785,118 260,669 of company also proposes to issue, and sell privately for cash at $2,500,000 of unsecured notes and also to issue, and sell 3,284 shares of common stock, no par, to New England Public Service Co. for $197,040, or $60 per share in cash. / ' :• ■ Company proposes to use proceeds to redeem and retire the entire $2,449,010 . $1,866,935 279,100 (or Vice- a The 129.793 tax_i„" income exps. Eal. -v. $2,493,359 127,771 avail, for divs.„ p. 2138. ■:. Retir. has been elected Twin State proposes -to 131.779 deprec.) Federal 26^,538 , par marized 94,802 . public amendment. 1939 . 89,134 1939, 1957. 156, p. Co. 1973, to be dated Jan, the |6,220,161 1940 759,099 544,862 director.—V. a petitive bidding excess . ——— 361,887 - . $2,675,996 : 29,817 *$334,400 *$3,604,549. *$2,343,025 y':.'V .':r The company on Dec. 24 filed a registration statement with the SEC for $22,000,000 of its first and general mortgage bonds, series h, due the Fed. tax) 41,536 *$247,298 Securities— Co.—Earnings— 821,181 *$304,583 *$3,242,662 *$2,080,487 Walter P". Marshall, Controller since Dr2,458 $7,910,570 and *$205,762 /■■■;> President $7,793,573' 1,575.875 • 14,309 ' : ; New Vice-President— •.;.; $2,782,918 Interest charges7 Amort. & other deducts. to • 1942 — includ. (not income V'.:; xXXXXi X" tax. expensesyiinclud., 1942, resulting from amended XXXtXv $19,016,673" 20,998,531 *$206,188 *$2,321,654 *$1,137,879 5,500 55,000 55,000 97,968 911,691. 910,155 5,500 income V ?Loss*:' called for redemption as of Feb. been maintenance) agreements covering the sale of the company's production, and in¬ cludes; non-requrring profit of £182,780 plus Bs. 12,715,529 before taxes on account of settlement in 1942 for late 1941 shipments and inventory.XX-X Net first mortgage Oper. Patino Mines & Enterprises :t; Conversion Gross income Payment Gross Patino Mines & Enterprises Consolidated, Inc.—Earn.— 1, normal 12 MOS. End. Nov. 30— poration above.—V. 156, p. 2227. to Jan, *$118,440 i. Deducts.'from gross inc. 6,886,075 1,555,875 ' ' Federal Philadelphia Stockholders of Air Investors, Inc.—See that cor¬ price' increase retroactive 2,070,358 Dr292,620 6,872,158 . Prefer¬ Pan American Airways Corp.—Makes Offer to f . 1, next, a. total of 5Vst';>r gold bonds, due 1972, at 105 and will be made at the Fidelity-Philadelphia Trust Co., successor trustee, 135 South Broad St., Philadelphia, Pa. ' ; \ Certain other bonds, of the same issue, previously called for redemp¬ tion, have not as yet been presented for payment, it is announced.— V. ence 1942—10 Mons. 1941 $1,864,170 $18,676,877 oper • Philadelphia Electric Power Co.—Bonds Called— $239,000 $1,054,221 $10,694,818 $10,146,777 885,275 —• p;; 2138. 156, $1,117,140 income oper. income Net J——.-—.; ~"'"• $9,480,754 income interest. —V. cable & Operating income..— Non-operating income— $16,352,913 $14,679,653 .a,—— deductions on There 10,592,517 15,634,745 tel. oper,.- revs— Taxes assign, to oper.— profits tax for the 10 months ended Oct. 31, 1942, have been made on the basis of the 1942 Revenue Act. It is the opinion of the officers of the com¬ panies that there is no liability for Federal excess profits tax for the year 1942 except as to one utility subsidiary, in which instance Fed¬ eral excess profits tax tor the 10 months ended Oct. 31, 1942, is pro¬ vided for after the application of the post-war credit.—V. 156, p. 2303. ♦ Net income 'Provisions 225,930 48,452,376 302,818 56,877,060 Br506,058 —— Consolidated net income $7,362,173 $83,509,441 $69,417,600 24,500 2,107,409 revenues $16,858,970 $14,972,274 ; . cap. stocks of subs, held by the public Minority interest in undistrib: income of a sub. 1942—10 Mos,—1941 $8,982,861 23,500 6,188,141 —- rev. oper. Co.—Earnings— & Telegraph *: 1942—Month—1941 Period Ended Oct. 31— ' Divs. value from • •■•'"' par revenue (net) V—— income Unchanged the. retirement of 23,104' the treasury but rejected a proposal $10 to $1 per share on the remaining. 407,852 shares. •'■.•• It was announced that the company has .acquired 53,179 series A 8% reduce'the to $1,988,969 Public Gross approved 19 Dec. on revs. exp- Uncollect, and subs, and;other street railway of Philadelphia Co.) y ;VV' : subs, • operating Total The oper. . quarterly dividend of $1.50 per share preferred stock, both payable Jan. 25 to holders of Payments of $1 each were made on the common stock cn Ma"y 1, Aug. 1 and Nov. 2, last, while on Jan. 26, 1942, a distribution of $1.50 per share was made.—V. 156, p. 1332. / ' the cable cable oper, Net ,':K 1942 1941 Operating revenues LJi——U.-.i-Jl— -Li :!,,$56;0'28,800'' $51,891,044 Operating expenses -20,073,204' 18,415,903 Maintenance *and repairs — —-———T3,389,856 3,566,092 Approp. for' retire. & depletion reserves—..—" ' 7,082,024 6,602,297 Amortization of leaseholds—' 2,941 26 Amortization of utility plant acquisition adjust, 690 690 Taxes (other; than- income taxes) —yi.————i 3,339,809 3.218,197 Prov. for Fed. income taxes by utility subs.— 4,170,134 4,301,661 Prov, for Fed. excess profits tax by a util. sub. • 386,148 •..•185,310 Provision for State Income tax—— ; ' 725,024 628,593 dividend of $1.25 per share on declared a 29 Dec. on 1942—Month—1941 & & 12 Mos. End. Oct. 31— 23 permitted Co.—$1.25 Common Dividend— Outlet The f:- the pajr $79,875 of dividends/on Exchange Commission on Dec. to withdraw ;an Period End. Oct. 31^- .. Tel. Tel. in (Not including Pittsburgh• Rys.- Co. . The Securities and company ■ - Plea With¬ Oklahoma Power & Water Co.—Dividend ♦. . Vice-President was Philadelphia Co. (& Subs.)—Earnings— $3.52 . ,' Xy.i v-l.!-,;, ;; Postal Telegraph, Inc. (& Subs.)—Earnings— charge of sales of the corporation from 1933 through 194I.-^V; 155, p. 606. shares (550,000 share, common .outstanding) 156, p. 2137. Corp.—Resignation- Treasurer ' —V. Products 2,529,377 —- ——, directors accumulations payable Jan. William C, Martens has announced his'resignation as a director anil of this corporation, a subsidiary of Johnson & Johnson. .1942. $11,485,974 " revenues —— — ———income after ■retirement- reserve accruals have declared a dividend of $2 per share on account on'the $6 cumulative preferred stock, no par value* 15 to holders of record Dec. 22. Distributions of $1 per share were made each quarter from Jan. 15, 1940, to and including Oct. 15, 1942, Arrearages at present amount Ao $14.25 per share.-V. 156, p. 1155. ' of payable, $1,* deferred income, $84,710; reserve for contingencies, $384,108; capital stock, $1,824,928; capital surplus, $1,752,835; earned surplus (since June 30. 1939), $1,043,935; total, $7,231,400.—V. 156, p, 2043, Oklahoma Natural Gas Co.—Earnings— 12 Mos. End. Nov. 30— Portland Gas Light Co.—Accumulated Dividend— The $7,231,400. 740,884; Personal Operating 45 ■ 100 ^10 shares common■ stock (no - Fenn Traffic Co.—12V2-Cent ; Dividend— cents per share'has.been declared on the com¬ Jan. 25 to holders of .'record Jan. 11., This com¬ pares with 10 cents paid on July 25, last,, and 12 V2 cents each on Jan. 24, 1942. and July 25, 1941, and, 15,,cents on Jan. 25, 1941.— A dividend mon V. 12'2 of stock, payable 155, 2187. p. ; , 1942—9 Mc ios.—*1941 ' 1942—3 Mos -*1941 $$595,853 •' $644,039 4$1,398,280 $1,502,146 share. : $0.43: $0.47 $1.02 $1.09 i; "Adjusted, tAfter provision for estimated Federal and State income and excess profits taxes, ilncludes post-war refund of $110,000 for the three months and $333,000 for nine months,—V. 156, p. 2138. Period End. Sept. 30— income ILL ; -r'v' .74,374,390 ; Net from rev. 53,236,437 767,170,277 560,374,578 ,48,755,933 Ry. operating, revenuesRy. operating expenses^ V 40,430,903 505,838,352 403.092,423 25,618,457 8,016,800 , 872,663 872,667 889,241 191,69V ry. oper. Railway taxes Unemploy.. insur. taxes- . RR. . retirement taxes— Equip, rents IDr bal.) Jt. facil. rents <Dr bal.) Net • oper. income- .14,775,395 6,474,771 130,158,412 XEarnings of Company Only "■ / ry. ,;Vi ' . Gross 88,053,359 .. : T ■ 1942 ''., 1941 V 1940 ■ ■' 1939 •• railway—— $74,243,320 $53,146,783 $42,193,655 $.42,915,404 from from 25,621,348 raiway— Net ty. oper, income— 14,789,129 Period End. Nov. 30— —v. 156, p.'2043.■ ' , _ :!1, .f. /■,; . Pennsylvania-Reading Seashore Lines-^-Earnings— 1942 1941 1940 from railway—Net from railway Net ry. oper. From Jan. -Gross $514,787. ^19,445 $434,340 ^50,958 $436,848 "*26,972 income-: *167,386 *194,908 *173,430 1— from 8,688,512 7,103,608 5,567,775 .5,428,946 1,998,862 1,139,162 *284,823 190,728 ■•167*776, *827,887 *2,230,418 *1,674,943 2043. y .. • '■■. v.;. ■ ■■ ' railway—— Net from railway—_ Net rv. oper. income— . . y. ■'•Deficit.—'V. 156, p. '• Total 854,949 38,743 778.027 92,315 8.920,432 8,549,797 409,020 438,078 p * 8,616,245 • 1.060,319 : Net rev. from ry. oper. $995,956 •Railway tax accrualsEquip. & jt. facil. rents 876,603 Cr527.785 $586,726, 7,674,590 943,204 $9,707,952 $7,492,426 8,762,590 .5,065,256 498,178 Net ry. oper. Income. Other income ' Cr466,666 Cr5,128,955 Cr4,209,388 :$555,214" $6,074,317' 20,764 .149,809 $647,138 . 18,093 _—- $6,636,558 209,659 income Total Miscell. $665,231 deducts, income fixed Total after $575,978 $6,224,126 $6,846,217 157.469 1,572,136 3,696 2.167,845 90,028 $414,813 - $3,966,253 $5,199,868 ' charges inc. Net from —210,310 33,419 . yf. 74,213 ~~~ fixed v;'; $421,502 charges by an indenture of mortgage to Old Colony Trust Co.,... as trustee, and to be dated as of Jan. 1, 1943. It is further proposed that the bonds will be sold, under a firm commitment, to underwriters . * cents each and an extra of $1.50.—V, 151, p. 1583. Fed. inc. & profits taxes... —V. 156, p. 2044. Sept. 30, 1942 sales : ; ;——— $2,213,388 of sales, including all operating expenses—2,371,897 income Statement for 3 Months Ended Net Cost Net Other — loss from, operations——— 1;— income Consolidated net loss — — ———_— — $158,509 5,186 $153,323 Consolidated Balance Sheet, Sept. 30, 1942 Assets—Cash, $480,023; '495'," inventories: fuel notes and accounts receivable oil, $1,529,689; burners prepaid and deferred expenses, $253,168; and (net), $1,733$576,579; investments in and advances by proposes to of unsecured and to ipature serially, in amounts of $150,000 semi-annually for ,'first five years and $100,000 semi-annually for the second five years, after the date boxne by the notes. / Public Service further proposes to issue and sell 3,284 shares of its issue the . , . common' stock (xio par) to Nepsco, and Nepsco proposes to acquire said stock from Public Service for $197,040 ($60 per share). Public Service proposes to apply the proceeds from the: sa^e of the bonds, notes and common stock as follows: (a) to redeem: and retire the presently outstanding bonds of Public Service in the aggregate principal amount of $18,929,00.0; (b) to pay the then outstanding .bank loans of Public Service;, (c)- to pay for the New Hampshire, properties of Twin State, and (d), to pay for the assets to be acquired from Nepsco,.; Earnings for Month and >' $680,739 • '•. $317,748 $6,870,761 $3,221,842 Period End. Nov. 30— Pittsburg & Shawmut RR.- -EarningsNovember— 1942 Gross, from railway-™ Net from $92,711' 20,065 railway—,— 237,810 Net ry. oper. income--. 1941 1940 1939 $78,442 42,884 17,344 18,413 34,751 9,116 > 961,346 1.163,564 643,375 , $108,239 from railway—— Net from railway-: : 1,136,566 362,078 297,412 ;•'•'•■• 315,845 375,585 249,049, of Pittston at a special meeting approved the plan and general trucking, armored car service, truck rental and Companies included in the merged group are Metro¬ politan Coal Co., Globe Coal Co., United States Trucking Corp., Sheridan-Wyoming Coal Co., Inc., Independent Warehouses, Inc., and Pattison & Bowns, Inc.—V, 156, p. 1869. coal mining, .885,315' 73,470 3,980 4,209 than inc. tax 11,860 13,832 152,674 tax— 59,000 53,000 580,530 Federal income " i;58,136 54,421 146,014 544,479 • ' $200,009 Gross-income Stockholders l16(j,360 419,659 ifl76,988 911,407 809,859 taxes. Sec, Non-operating income similar action had been taken Dec. 22 by stockholders of United States Distributing Corp, at Richmond, Va. Application has been made to list the new class A preference stock, class B preference stock, and common stock of the merged Pittston Co. on the New York Stock Exchange, and it is anticipated that trading in the new securities will begin shortly on the Exchange. United States Distributing Corp. has been the principal subsidiary of The Pittston Co. and has been engaged through subsidiaries in 2,315,674 • 179,175 425,853 —'— munic. & State 31,356 Pittston Company—Merges United States Distributing Corporation— ; $7,541,252 2,874,513 30,972 taxesFed. State 76,760 220,265 .224,143 14,670 62,400 76,131 Fed., oth. From Jan. 1—• Gross - 66,479 Social & 15,520 40,518 -T—, • 1942—12 Mos.—1941 58,239,214" for depreciation-T Prov. 8,949 16,715 — Maintenance $102,873 12 Months Ended Nov. 30 1942—Month—1941 ;' $678,933 $708,646 •; revenues' Operating Operation . Purchased power warehousing. parts, competitive bidding upder Rule U-50. issue and sell privately for, cash at notes to be dated on a convenient date the day the notes are issued) in the month of such further than later (not selected be to Service $2,500,000 "\,X.■ ' ■ The merger of United States Distributing Corp. into The Pittston CO. received final approval of the: Pittston board of directors Dec. 23. Petroleum Heat & Power Co. (& Subs.)—Earnings- investors or Public A year*end dividend of ■- bonds, series A, 3V4%, due 1973, to be dated 1943, and to be due Jan. 1, 1973; the bonds to be issued under 1, secured and ■ •Includes r-V. 156, p. 1957. $1 per share was paid'teii the common stock, par $25, qn Dec. 28 to holders of record Dec, .19. Distributions of 37V2 cents .each were made on Mar. 31, June 30 and Sept. 30, last. • During 1941, the company paid four quarterly-dividends of 37Va Jan. 18,980 $197,080 , X'. Net ry. oper. income-—: Perfection Stove Co.—Year-End Dividend— stock ($100 par)_A— interest.•; ; '• '' '• '■ ;■./?, further proposes to issue and sell for cash $22,000,000 accrued Public Service 1942—11 Mos.—1941 2,000 *6,000 ' — first and general mortgage $2,573,680 $31,365,970 $27,454,706 222,920 2,622,944 2,385,669 • 715 shares capital *Plus *20,000 Falls Water Co.; Salmon : ■'' 1939 $716,704 116,285 "*36,476 November— !■ ;v,...v I956-i^-:Jif-"; 200 shares common;stock •($ 10 par) $6,000 5% debentures due Aug; 1, 1956 v ■b"'\ par excess Gross 1942—Month—1941 $2,935,445 Maint. of way & struc..,: 197,377 Maint. of equipment— 869,585 ;;Traffid:-:^^^^.^a^,?v/:Lv; 38,783 Transportation (rail) 735.250 Other expenses 98,494 Ry. operating revenues. . - ; ;.-v . . 12,817,766 12,983,017 12,964,468 .6,497,791 9,124,431 9,389,198 From Jan. 1— " • J.. • r. Gross from railway—— 765,749,181 559,261,250 435,586,336 390,867,059 Net from railway 261,385,248 157,368,757 126,912,246 112,055,087 Net ry.- oper. income—1 130,359,686. 88,289,118 77,400,598 68,400,250 Net ' . . November-^' ■ 12,805,534 261,331,925 157,282,155 3,828,482 99,421,500 47,491.525 747,935 • 9,220,422 7.297,120 748,025 9.226,071 7,297,439 799,519 10,733,225 5,246,162 ,'206,802-. 2,572,295 1,896,550 $20,000 3% deferred debs, due DecM, Nepsco Services, Inc.: '.' - ; 1942—11 Mos.—1941 1942—Month—1941 com. Pittsburgh & Lake Erie RR. Co.—Earnings— (Excludes L. I. RR. and B. & E. RR.) Period End. Nov. 30— , - per ' : tNet Earns, Pennsylvania RR.—Earnings of Regional System— . Philco Corp.- Bond interest Other ; _— deductions X~. div.: require.- Note—The Drl,207 694 $200,270 $2,254,476 700,337 58,361 — Cr2,010 9,218 $133,233 $55,816 58,361 871 • , -Jr ' 1 . $2,208,535 1 Br22,398 $198;802 — «T—- Net income Preferred - ———j. $199,576. $2,276,874 »' 531 $2,209,066 ,<700,337 06,312 15,370 9,220 120,128 117,830 $131,818 $55,816 $1,440,323 $1,375,529 $669,797 $669,797 estimated provision for Federal income taxes for the periods applicable to the year 1942 has been computed at the rates set forth in the Revenue Act of 1942 without adjustment for possible deductions for tions for —V. 156, the amortization expenses p. of defense or war facilities or deduc¬ which will arise because of the proposed financing. 2044. , Public Service Electric & Gas Co.—Tenders— offered to purchase on or before Dec. 31, 1942,. not in principal amount of the bonds listed below and to Dec, 29, 1942. The most advantageous yield basis for each maturity were to be accepted. The company excess of $1,000,000 asked for written tenders up offers on a J THE COMMERCIAL & FINANCIAL CHRONICLE 46 Int. Maturity Dec, 1947, at and 100 interest. Payment will, be made at, the Guaranty Trust Co., corporate trustee, 140 Broadway, New York, N. Y, 156, p. 87. '//,'Aa/: ' .■/; ■ '/A' ' \7; A Bate' Date 1, record Nov. —'V. Gas 11-1-54 No. Mortgage The of Co. Bergen Hudson Electric Light and Power Company—J,— Newark Consolidated Gas Co...— The Newark Gas The Paterson ——-—,.~~. Passaic Gas & Electric —V. Electric Company of 156, p. 2310. New 3-1-49 A'''A A. ;;; 4 AAA' ". " A-. Power & by the bidders, /.A/ /'•' Consolidated Depreciation 144,072 ■; A _ consummation AAA--" 127,720 82,586 57,922 1,550,003 1,126.957 216,142 2,621,538 Net $501,759 $6,389,198 5,955 3,736 69,707 income, $514,066 $505,496 $6,458,906 Interest 278,602 278,840 3,350,002 Balance the Tor have - interest been Acts restated applicable consider V. — toT give that they 156, p. 2138, effect the to provisions the respective periods. during have liability any for taxes The for the the .merger, the would ; of which approximately stockholders present be and of expenses Period Ended Oct. 31— and car issued, For the Tex., Yarn a 11 C. Edward revenues Maintenance All past several (Chairman) Oil- Corp. it years issue ; 23,453,945 and Robert Net opers,— 3,454,388 2,153,813 29,325,434 392,352 356,317 3,636,488 3,189,633 _A— been $2,218,988 $407,211 $18,592,842 215,642 3,128,418 banks—on 247,823 178,842 7'L 2,239,379 from Fixed and $115,381 $36,801 $883,039 net revenue- $2,334,369 iML—- 2,640,087 399,879 ■ 3d, 1942 of Salt Salt income 156, Notes ''•'$305,718 $44,133 $5,867,702 Aw; for each 3% ■ — . ; Oil Corp,:,; A that notified Dec, first 1 cost for deprec. and by through Brown York, $2.50 per coupons 5s, Court company, first its to of order 1942, : the 26, attached fdnd dated AA November, Dec. .13,888 100.688 1942, have ' , AAA ' ; 930 2,805;262 - after Harriman principal amount of the bonds which to debt than V' Federal— 7 1 • 1 solidated with the wholly-owned company, effective '$ • '4 parent subsidiary, Operating Operation Other 1 Dec. tvas 1942, 31, The is N. The Calif. The RCA manufacturing Division of Radio laboratories organization Corp. of located are will be America. at Princeton, known as the The RCA management, heretofore. N. activities of RCA will result in closer coordination Power $329,316 133,744 r A $3,534,111 95,403 1,491,915 18,729. 193,277 and increased flexi¬ and coordination of services will Mr. Sarnoff also announced that at the meeting of the board, George K. Throckmorton, former Chairman of the Executive Commit¬ of tee the the Radio v-V, 156, RCA Manufacturing Co., was elected a Vice-President of Corp. of America, of which Mr. Throckmorton is a director. •For ■ 31,944 56,687 11,953 28,661 316,500 1942—Month—19417. $61,635 8681,180 1942—6 Mos —1941 $2,203,200 Del ,304 X>r2,428 Dr20,751 $60,451 31,229 $59,207 31,209 $660,429 376,099 $3,302,283 $0.69 $0.98 $1.03 $29,222 $27,998 $284,330 charges and provision for Federal income and, excess; profits tOn 1,743,040 shares of common stock outstanding,—V. 156,7 1957. '.--i-. ■- > November— Gross from Net ry. railway....: railway. Net from from Net $2,709,993 1,631,406 railway... oper. income... 156, p, 2310. Period End. Nov. 30— Total oper, oper. expenses Other Total charges 194,390 12,488,081 4,909,061 8,638,731 2,257,107 7,814,119 The 1 St. who $779,533 and surplus $75,215 purposes Federal income and profits excess 2,816,531 2,234,509 881,051 994,082 O ; for ' 33,386 3942—11 Mos.—1941 $5,321,851 $81,123,609 $56,061,195 3,793,143 51,803,307 39,270,122 1,185,052 24,206,294 11,862,537 17,358 173,434 233,831 $1,202,410. $24,379,727 $12,096,368 8,133, 174,638 85,839 Ry., $1,194,277 $24,205,089 $12,010,529 Light, Heat & Power — Bonds ' There have been called for redemption as of Feb. fund), a $2,227,951 $1.59 : per deperciation, iNo. common reflected share/. common interest, Co., tAlso etc. Luther 1, 1943 (for account total of $36,000 first mortgage 4»/a% Foundry Co.—See ' - $2,390,098 $2,245,74.0 $1.60 . $1,786,457 $1.23 >603,641 provision included. .. been Todd-Bath Yard Corp.—Merger— and Corp. merged end of the South . the- South under the-name the business will Portland of the -latter be known statement . of $500,000 ^On of Co,, the Tampa-Gulf plant the as been has elected President, succeeding J, E. Warren,, Fire Insurance Co., Durham, ' S. C.—Year- - . cents each 148. were year made on March 1942 was $2.25 27? June 26 and Sept. 25, last. share, the same as in 1941.— ; per 1494. p. •••>, Anglo California 2.9, in a notice bonds dated April 1, There ;, , National Bank holders to 1929, of Ltd.—Payment . of first San Francisco, trustee, on sinking fund gold mortgage skys in substance: , - - . . - is . bonds an endorsement of payment made thereon, thereafter; be returned to the holder. ■"> t All properties hypothecated by Said trust and such bonds will ; /. • :7 ,1' indenture have been sold exception of one parcel of real property in Oakland. Alameda County, Calif., the net proceeds of; sale of which, hereafter will be applied by the bank, as trustee, pro rata in-payments on said bonds with the /•outstanding. The bank can' express no definite opinion as to the amount for. which, pr when said property can be sold. A bid of $20,000 was accepted by us, as trustee, for. this property,- in the spring of this year, but because of various reasons having to do with litigation the '■court declined to confirm the'sale. At the present time we are again endeavoring to sell this property, in view of the fact: that the legal . obstacles have been r.emoycd to a large extent. . Coast and . In addition to the above payments-the bondholders, will,..have a deficiency, claim against; , the general, funds of the bankrupt's estate; "and hereafter on such claim, pro rata with other general creditors, the bondholders will receive through the,trustee a dividend or dividends the- Tampa, Northern rail¬ • November- November : 1942 .$10,784,596 from railway, railway—— 3,884,376 from Net ry. . oper. income__. and . 2,955,484 . 98,642,466 . 39,245,634 . 27,316,352 Year to - -■ payable from such general, funds of the bankrupt estate. ''•/>' At the present time several litigated matters are undecided in the /bankruptcy proceedings. Such litigated matters are in the hands of the trustee-of, the bankrupt estate, and upon the future .decisions; thereof will depend the aggregate amount of general claims and the "amount of general "funds of the estate and the resulting amount so payable , " Date, 1940 ' 1939;. $5,622,455 1,133,483 610,679 $4,224,012 $3,953,154 612,139 49.0,431 57,961,222 14,098,235 8,918,414 43,362,450 39,940,483 1941 . 1,065,843, Gross from Net from 890,022 ' to Net ry. —V. railway,— railway, oper. -~ income—. 6,800,898 .2,683,471 bondholders from Owing ■ 7,715,043. 3,380,141 the such general iuncls. factors, involved, it is. not possible at time to estimate the aggregate returns which the bond¬ will ultimately receive.—V. 152, p. 1932; V." 151, p.; 567. to the above uncertain present holders 156, p, 2310. bonds, due Securities Corporation General Accrued Dividends— Period— ' The directors, $1,16% share per on it was announced on share the $6 on Dec. the $7 preferred stock preferred stock, 28, declared and a a dividend dividend both payable Dec. 29 to of of $1. per holders of , now payable by this bank, as trustee under, the trust securing the outstanding bonds of this company (bankrupt) the sum of $99.31 on each hpnd of $500 denomipatiqn and $198.62 on each bond of $1,000 denomination. /■'■:/ ,;. " - ;;; ; • { ./ A Suck payments wiil be made on presentation of bonds at the. bank, / 1 Sansome St';, San Francisco, Calif. There will be stamped op the indenture . for Earnings Gross in West elected Chairman of the board. ; J, E. Bradbury hasoperating Vice-President' to succeed Mr. Dumas. The became, effective Jan. 1,. 1943.—V.,-156, ■ p. 2230. Southern Pacific Golden Gate. Ferries, from •' roads.:' Portland been to Bondholders— - Way. on Dec, 23 entered an order in Federal Norfolk, Va., permitting Chemical Bank and Trust trustee, to sell to the7 receivers r.of the company. York, Dumas F. 50 V. 1,260,000 ..v B. at and named, /Total for the profits from the operation of Roma Wine Co., Inc., , Net y, , Rejection of tenders on four other leased lines-has been recom¬ mended. They are the Georgia-Alabama road, the Georgia-Alabama Terminal Working Control — & " Shipbuilding have Dec. 1940 ■ $4,793,225 2,547,485 after profits, tax excess stock. the in Court New Pipe year-end dividend of 75 cents per .share was paid on the common stock, par $10. on Dec. 22 to holders of record Dec. 19. Distributions Noy, 12, 1942, the date that Schenley acquired "the capital Stock of this company.—V. 156, p. 2045. Judge 721,394 Southern Ry.—EarningsCo. Called— of the sinking profit District ' A From Jan. 1— for $100,000, November, 1942, and $600,000, period 30, 1942, for estimated income taxes.—-V. 156, p. 2045. Joseph 1941 ' $4,000,000 in Seaboard All-Florida bonds at the rate of $160 per $1,000 with accumulated interest., - fixed ———$3,032,918. to Nov. 1942 bond, Ry—Earnings of System $3,066,304 income. /V 1,993,312 Iron East Southern taxes Acts contingencies,; are States End Dividend—' *" $195,547 ■ 1941 have and of the as has been 60,000 Seaboard Air Line Ry.—Bank Allowed to Sell Bonds •After provisions Jan. stock common profit before taxesL._i.^__u_.:_ t$7,982,951 income & exc. prof, taxes. 5,755,000 shares ' dent, Etc.-— 15,744 , 108,042 3,050,752 income avail, $733,094 117,113 15,553 from, $799,134 234,247 5,271,547' income Deducts, 1939 113,181 $8,890,418 income oper. ', 1942—Month—1941 revenues. Total ry. $1,129,975 ^ St. Louis-San Francisco Net for Note—Estimated 1940 403,330 259,557 1— /■' •7 railway.... 25,129,245 ry. —V, lt'41 ' -Earnings— 14,487,650 income... oper, From Jan. Gross 1942 from Net requirements.. requirements.^- Federal for Richmond Fredericksburg &, Potomac RR. 818,116 545,045 • • Southern Bell Telephone # Telegraph Co.—New Presi¬ dividend comparative •After 61,940 , 169,299 . Net $2,506,886 644,739 cents Corp. .149,115 (net) Revenue ^Earnings / $404,662 149,115 60,000 362,695 459,040 $1.85 share. •After taxes. 74,607 by United Todd-Bath future 374,871 " 392,199 -. been restated to give effect to the provisions applicable during the "respective periods,... The amounts shown above for, Federal income taxes include provi¬ sion for estimated excess profits taxes of $284,938 for, the 12 months ending Oct. 31, 1942 (1941, $6,151) after deducting estimated post¬ war credit of $31,494 G941, none).—V. 156, p. 2045. *Net 70,343 % corporation. $763,789 26,714; Months Ended Nov. 30— $1,918,590 82.895 . * Shipbuilding Sphpnley Distillers Corp. (& Subs.)—Earnings— $1,406,658 accruals South Portland Shipbuilding The u-Period End. Sept. 30— Tet, profit, tEars. per com. $2,579,885" , on The 2138. p. ' 291,919 $61,755 dividend 1942 the of 1942—12 Mos.—1941 $219,271 • . paid on Oct. 1, last, 25 cents on July 1, 1942, and 10 Mar. 31, 1942. Payments during 1941 were as follows: Mar. 25 cents; July 1 and Oct; I, 25 cents regular and 25 cents extra: and Dec. 20, 50 cents.—V. 156, p. 1157. ' ■ Remington Rand, Inc. (& Subs.)—Earnings— p. 10 changes for • , The company on Dec. 23 paid a dividend of 15 cents per share on the stock, par $5, to holders of record Dec, 17. This compares cents $2,813,997 • 1,041,416 184,879 32,775 , Balance Balance 1942—Month-^1941 , common 1942—12 Mos.—1941 $248,325 17,641 ' amortization Preferred . preferred Stock/($100 par), $3,460,000; stock. (200,000 no par shares'), $4,000,- Co.—Earnings— 1942—Month—1941 taxes. income & « . , 31, revenues— Debentures Victor "It is expected that this unity facilitate the company's war effort,'• $4,477,985 Sonoco Products Co.—15-Cent Dividend— personnel, bility of operation,'' Mr. Sarnoff stated. 50,000 $4,515,318 latter below.—V. 156, p. 2046, $3,297,766 Balance J. operations and sales policies; will continue as "The unification of the administrative, research and manufacturing ' $4.764,433. Sloss-Sheffield .Steel & Iron Co. '" .1—/ income Interest Its principal plants are located in Camden and Harrison, Indianapolis and Bloomington, Ind.; Lancaster, Pa., and Holly¬ J.; wood, 31 $217,139" after, re- res. Acquired 63,934 effort. war 484,400 ' 156, p, 2045, Hal Manufacturing Co. had approximately 30,000 employees, chiefly engaged in producing radio equipment vital to the cumulative income ■ revenues oper. Other RCA was Dr2,689 $4,841,285 363,300 AAsoAQAAaa-^A-' 1— Aug. $538,921 4,305,053 $5,049,718 302,750 revenues income Net 15,000 announced. and $573,631 47477,985' AA-' Drl,89377 Consolidated Balance Sheet, Aug, 3L 1942 —V. 377,500 1,905,352 taxes Net con- it $641,865 4,515,318' depreciation in baL .at 23,423 4,014 due to partly'owned subsidiary company, $551,522; Arade accounts accrued liabilities, $1,096,193; deposit accounts, $113,353; tirement 799,884: , Period Ended Oct, 31— such ■ 625 ' 18,1877 \ payable)-. surplus Maintenance Co., ... : period ''""" value,: ordinary, capital par Gross 254 expenses Savannah Electric ■: 107 ' » ■ surplus, 80,198 322,750 23,553 Sierra Pacific Power Co.—Earnings—. 38,726 7-7 ($1 ;par)w-..__.—^2-ALL-l4'. stock - ,?Federal Manufacturing and 2.4,777, $5,157,183 for future $965,292 . ' —" Period End. Nov, 30— ■ ' RCA . employees—' —JA—I profit $1,284,428 $1,125,071 7. 95,160 ' " 7 83,202 622,000 440,591, „ profits taxes surplus at begin, of adjustments—: ;/ Operating $78,930 - —. Depreciation The 50,600 50,936 • • (curren11L_l (notes —'V0t156,~pr 2045"."" /'^■Radjfo/CflrR.-flLA 'Subsidiary— 52,031 reserve, . 10,838 , ■ merger ■Surplus,, , paid-in been and on : 2,514 a aa:-A A/. of interest bonds, Brothers $100 14, 1953, 1,544 :7 cos. for government and other taxes, $.761,224; reserve for allow¬ ances to retired employees, $20,000; reserve; for future-depreciation Ain inventory- values, $50,000:yearned syrplus, $4,764,433; refundable portion of excess profits tax, $15,724; .total, $14,832,448.—V, 155, p. 2372. ' ' " 81,528 . <net)AA-AAAA~-'--AaAAA/:/A '38,237 payable—trade Estimated $1,826,243 surrender of Coupon No. 12 dated May 1, 1941, will pay, & Co., Philadelphia and New upon sinking fund attached,'—V. 153, p are due subs, year's / 000; $243,881, — - depict, 25,923 payable and i : taxes—other Earned sinking ■ depfecia-tionrAU-i;/' inc.. and Liabilities—7A /. no 1 A— /Ac - —— payable—secured Long-term Quaker City Cold Storage Co.—Pays Coupon— of 1940* $887,225 $1,074,135 Assets—Property" account (less reserve for depreciation of $2,195,8311, $7,267,059; investments in and advances to partly owned sub-, sidiary companies, $650,817; inventories, S4,449.896', prepayments on account of raw materials in transit, $92,468; trade accounts and bills receivable iless reserve); $1,922,927; other accounts receivable, S124,085; amounts,, due from shareholders, $19,127; cash, $173,272; refund¬ able portion of excess profits tax, $15,724; /insurance, taxes "and othqr prepaid expenses, $11G,473; total, $14,832,448./ ' * A with Holders '$1,332,396 investments of capital: assets investments L A, Corp. is to shares of stock of the Gulf» ' ... reserves Accrued 2229. p. Subs.) ' - Capital •Loss.—V. '""A 194.1 7 /counsel and salaries of executive officers and directors,' fees, and after providing for bad debts. ' Oil ' Operating ' ,7 Dome Dome '-A Liabilities— $5,544,872 3,718,629 13,614,179 Ltd. ;(& 1942 all .manufacturing, selling and general expenses ."including remuneration amounting, in, the aggregate to $97,418" in 1942, $94,594 in 1941 and $86,193 in 1940,/paid a§ "fees of solicitors and !7>/77k:v>:«-.' - • oil Intangible assets—at Deferred charges A $397,716' $444,012 $19,481,881 A;- /;j^After..deducting;. , and Accrued, Total for Provision that F, merger which under demand— (less $649,463) 1,588,219 — Taxes, accrued Net Prior Holden, Philadelphia: ; (Pres.), Houston, Ensley < Vice-Pres. },•/ ; Clare, M. Torrey, all of New supplies assets Accounts revenue. on owned sale on Earned $3,297,766 . operations from paid, to .retired •; Salt Hasselmann receivable—trade and 1,985,934 Total expenses Canada, investments.—.— partly for sundry $5,147,156 363,205 revenues Net the apparent Auxiliary OperationsTotal Loss Gulfboard 1937, of ~^ Allow, George, A. the proposed Corp. Corp.) officers 20,019,269 revenue in employees/A—A—-A-AAAAA Deposits refundable,.—A—-i-*" A 550,871 — Payson share of stock Oil Inventories—crude 24,271,351 2,872,303 expenses mne Due $53,178,281 64,170 car S. to Oil Gulfboard Materials 2,608,974 of $5.25 . , and ' 1942—10 Mos.—1941 272,972 cars has AAA; 7 7. /; Pro Forma Balance Sheet. Sept. Accounts; 2,500,218 Conducting General of Charles Erwin, (After giving effect , maintenance other B. ,Cash':.in $5,590,485,$77,881,013 $8,838,918 T ot a 1 . Provision 73.2/7 would Corp. and of from ■•*' Provision . operations) 7 ;A' - , Sampson,7, Princeton; K. F. Humphrey W, Chadbourne, board 1942—Month—1941 ■ ——.-- '■ Oil stockholders to Gulfboard and York, Sleeping Car Operations—vTotal Dome , , auxiliary of - * . 7>7 Alex Pullman Co.—Revised Earnings— (Revenues Divs. Nov. 1, .1942. Gulfboard Oil Corp, held interests in an aggregate approximately 375 producing net lease acres. ; '■, a Tlie members of the first board of directors are as follows: not taxes.— Co. 31— Interest & dividends geophysical 1941 do Salt of sale on Earned Revenue profits excess ' * , of companies A of preferred of stock common Aug. inventory ' values.. of $251,127 and shares of share one Ended •Combiped ; profit Profit and tax economies could be realized by merging the two and that the merged company would be a stronger and better rounded. organization,., 7;. 7 '77.A ;/,./'A. 7 7,7'!77 ■;7. / ./A-' Both companies are now. producing under pro-ration and revenues aro necessarily, subject to increase or decrease as and when allow¬ ables are changed. However, at the rate of production as of Sept. 30, 1942,7 the acquisition of Gulfboard Gil Corp. will increase Salt Dome's gross income on the same basis by approximately 25',/. As of 550,000 ,: p. ,1694,. 36- 1941--V. 152, p. 13.1, Sherwin-Williams Years ; - 1,583,970 1942 the on Dec, 717; pa id, a dividend of $1 per share on the stock. The previous payment was one of 50 A'A: '7 A,/ •.■'-v on companies ;■ $2,385,097 $974,934 * - Distributions of $4.50 and common Dec. 21, operating . Frank —J — comparative purposes Federal income issuance- of 3 ' Balance A/ /A.-.',/-. ■ such stock, on stock 16,, last.—V.. 15.6, Gulfboard with operating management Total equipment and personnel necessary to. con¬ exploratory and development, work in exchange, .for. a 25'&v ; a Preferred dividends in certain properties the latter might acquire in Texas and /Common, dividends its Louisiana, 1,530,654 578.860 $235,463 of by certain duct 2,417,707 . $226,655 $3,108,904 Prior preference dividend requirements—550,000 Preferred dividend requirements. A -1- A-—__ 1,583,970 , and / 3,358.052 amortization & ' 1059.;a ■•'■/•/ p. value par / $5,743,149 net AA'~ u,A-Aw.- Balance •y revenues oper, 129,240 retained approximately ,26.8^ Oil Corp. $5,776,639 Dr33,490 — 156, a 7. Since the incorporation7 of Dome company has supplied 1,102,862 $508,111 taxes Oilier 1,362,831 182,727 "Federal income taxesA- Cither be 1942—12 Mos.—1941 101,604 no cents on , $1,615,845 $21,266,305 $18,148,676 609,178 6,741,953 8,215,777 846,896 a A* $70 per share.—V. the/period represent, dividends,for 1942, made-op Nov, were The/company, par distribu¬ Oil: Corp;/ The Salt Dome Oil Corp. is to continue as the surviving corporation, On., the basis of ..stock now outstanding, com¬ pany will have outstanding 799,884 shares of common stock following Earnings Statement SI,892,112 ——/ Operating Similar of Gulfboard A'A""-' A''/A';.A/1/://'/A' 1942—Month—1941 Period-End. Oct, 31— Operating revenues ■ 10. Dec, dividends preferred Seven-Up Bottling Co.,; Los Angeles, Calif.—SI Div.— on preferred; stock, cumulatiye record agreement' of. merger, provides for common stock of* company: for each the consisting of $58,884,500, of which $36,039,500 are 5% %, $8,850,000 are 5%, and $ 13,995,000 are 4Vs%- bonds, The, above, securities' will be offered in competitive bidding and coupon rates will Maintenance stock on The company, fixed 7'f of $1.75; per -.share special meeting, held Dec. 15, approved a plan of merger with Gulfboard Oil Corp. which has been unanimously approved by the directors. AA-A AA . '"77 A/A A'. !7;,:'7' 'A The company on Dec. 28 filed a registration with the SEC covering S52,G00,C00 of 30-year first mortgage bonds and $8,000,000 of nine-year sinking fund debentures, which will refund the present bonded debt of be to The stockholders at ■; the the qn holders to this issue Said the $7 * 4 A. /A . 2 of: Salt Dome Oil Corp.—Merger Agreement Approved— Light Co.—Files Registration for $60,000,000 Securities— A':-''':;7 ■ ,v,:;.-V.'-/.A:A Sound Puget amount now 5 6-1-49 ._ accumulations made .on were dividend a 19. . 5 3-1-49 declared . July l and Oct. 1, last." The previous payment, also $1.75 per, share, was ,made on April 1. 1932. Arrearages :" 5 3-1-53 of payable Jan. tions 6 , 12.-1-43 , $100, 5 4-1-44 directors'recently account 5 12-1-48 . Company,.:.. Jersey—^, The 1-1-55 v Somerset, Union &. Middlesex Lighting Company^_L_. South Jersey Gas, Electric & Traction Company——. :J Trenton Gas. & Electric •.C6mpany-----L'A-w-Av/-' .L United 5: 11-1-49 Y Company— St. Regis Paper Co.—Accumulated Dividend— ' V 6-1-49 Company—--,.,.1.,.;^.^- I Gas County Middlesex 5 (Consol L** County Mortgage) wA,.,., dated Dec, X)' 1942,;to Dec. 31, •per,,-share on . Electric & ' Monday, January 4, 1943 , ; Gross, earnings —V. 156, p. 2310. Week Ended Dec,. 21 Jan. 1 to Dec. 21 : 1942 1942 $6,125,381 1941 .1941 $4,285,105 $267,067,116 $179,823 667 • . Volums THE Number 4139 157 Southwestern Associated Telephone • .Operating revenues, .Uncollectible .'Operating, rev 600 96,363 iev.0nueSw_2 Net-Opel'. 6,000 96,572 Operating.-. taxes "It V. income oper, lo6, to operate at $320,032 , $366,037 ; Bell Telephone Co.— Earnings— // expenses '6,559,268 pperating;,,'t)ixes /^-j-<s.. .$4,93,158' 1,573.127 156, p, 2140. . ! . . Spokane International v . . *Vv,,■.> -•-\2,',r.-1942t/:,'■•"•. November.— ;." railwayucl,2 ''.:''' $194,425 railway:.;!,/,//.I1' 117,732' "Net- from. the Net :i from from Net :Net railway v-.'v.b:b" —V., 156, p. 2046; //y ; 135,417 878.532 292.871 379,957 - • - • /. of .180,152 . and. Allies, the the year, a T* Eiectric GaS & Electric Co. .Standard 179.323,000 •totaled fcwli./ as of sales. & serv. loss or taxes) -come Contrib. ? tributions 1, 1941 were to of 6,683,341- 7,844,666 2,170,138 2,377,566 .762,441 550,532 43,027,068 24,901,134 1,378.574, 13,002,570 3,192,448 16,195,018 ; 1,413,678 3,010,164 11,771,176 Net profit -1-2^; 16,972,721 16,644,006. Special credits vailway-^ from •Net 1942 1941 : $127,340-: $255,097 • $138,435 : 113,493;.;* :; 1,576if ::a7.232 Net railway..—,- from •Gross ry. From Jan. 'Gross 1 - 1 V. ■ from "Deficit-loss.—V.. * 1.622,141 1,475,501 b 1,509.318 215,133 "163,463 2,413,996 781.118 . 90,780 149,263 "262,733 "236,852 Shares of 363,181 15G; 2046. p. ■ ; & 5,921,761 5,921.761 $3.01 $1.8) • $959,947 Libby, processing."; fax _ settlement upon Comparative Consolidated (not Balance Oct, 31, *42 ""Real impts., estate, Investments ' • , including $ Swift. & - .National need President; of (1) for vmeat rationing is discussed in his annual report, to much more liberal, portion from Serial calls for a of meat than does the average civilian Increased has V ", increased. meat. of demand When More men our civilian people and popu.ation. women: are Serial the < had earned a net profit;from equivalent to $2.83 per share on the capital stock of the company, or 1,2 -cents profit per dollar of sales. The company has reserved, the sum of $26,452,984 for , income -taxes including-excess, profit tax, This, is equivalent to more than ; $4.40 per share of the 6,900,000 shares of stock authorized, or 3*3 •times the regular annual dividend paid, v • "! In discussing the profit figure, Mr. Holmes said: Attention is directed particularly to the fact that this figure represents the over-all results, in other words the net earnings, of all the varied Mr. Holmes sources of stated that the company $16,972,721. .-This is . operations '••: of Swift- & Co, - did shares, that to the therefore recommend benefit opportunity an Twentieth Century-Eox —A was . ' 3,21L666 for reserve all Twin State Gas & Electric Co.—Earnings— ]942—Month--)941 Period End. Nov. 30— 56,298 612.810 :80,038 81,690 949,207 6,746 6,413 91,435 30,232 29.976 326,676 3.11,163 14,570 power for 15,776 188,462 194.181 ~ depreciation- munic. taxes.^ than inc. oth. Federal $2,715,207 " 55,399 ■: Purchased & 1942—12 Mos.—1941 $250,337 : $2,812,867 $241,687 revenues' Operating 'Operation 1,250,000 893 1,422 . 90,839 ; 14,709 ' 2,410 6,125 11,700 •114,300 17,201 63.650 16,900 tax tax....~lv income 607,616 .827,712 . 65.479 114.500 • 1,073,352 5-,767,000 stock common 2,913,345 5.767,000 Film Corp.—Special Offering was. Net operating / Gross income $34,494 income Non-opera ting income / $40,937 $451,618,; DM67 $450,775 . $34,441 $486,516 Dr843 $40,770 Dr 53 - —. '■/ 2,393 / $488,909 16,000,000 12,555,767 Bond interest' 11,161 133,936 99,842,152 95,196,616 Other interest—net 6,581 7,909 94,511 Other deductions 2,885 2,786 64,734 33,518 $13,814 .$18,914 $157,594 $231,480 14,320 171,850 1.1.161 ' 341,650,800 313,980,381 depreciation of $102,952,925 1941 in and Net Preferred $106,- r77,732 shares- at less than cost,—V. 156, p. 702. Income div. 133,936 ,':;• 89,975 require.: ; 14,320 prion lien— > 5 V preferred I Electric Products, Inc.—Savings Plan-— Sylvania The corporation last week announced, a hew savings and retirement plain, for its employees • under; which 4'/o. Of the gross profits of the company will be credited to the accounts of employees who have .become members of the plan. Funds : so accumulated will be in addition the to regular, contributions the to 171,850 on Dec. scheduled at this time. was • with connection In 'TT.. .(Kalmusf the current decision cluding per for time, with action merger.—V. / taxes, $1.05 for are the record dividendV an dis¬ volume of unusually 1942 1335. as well as David Weir • higher, tax after all" charges, in¬ at. about 40 cents 1941. Factors contributing charges and general costs.—V. ••• S. Texas Mexican Ry, to Net Net from, ry. f —Earnings— 1942 • 1941 1939 57,374 20,990- 23,944 40,073 38,622 13,421 14,191 railway—— 1,567,099 1,272,094 893,217 854,213 railway—_y_- 599,037 464,604 194,996 180,767 437,337 314,748 93,788 78,996 railway oper, income Net from Net ry,. oper. —V. 156, - p. income.— 2046. ; , Stock war facilities through deduc¬ or the proposed 154, President and will p. continue as a Lt.-Coi. 15 director Etc,/-;' Thomas resigned and; Chairman years, 583, Yards of Omaha,. Ltd.—87^-Cent Div.— of 87 Va cents per share was recently declared on. the payable Dec. 31 to holders of record Dec, 21, Similar made on Mar. 31, June 30 and Sept. 30,; last. Pay¬ ments during 1941 were as follows: Mar., 31, June 30 and Sept, 3d, $1 each; and Dec. 31, 50 cents,—V. 156, p. 1062. . . • stock, distributions Mounting No. route were 1, war-time from Transport Corp.—Load at Record- traffic has pushed loads on United Air Lines' York and Chicago to. California, to all-time New. according to statistics recently released by the Civil Aeronautics highs, Board. An official CAB report, it is announced, shows that for the period 1942^ United. Air Lines' planes operating over coast-ta-coast route flew 1,255,764,972 pound miles of mail and express traffic/which was, 25 U greater than the the second ranking transcontinental airway. Sept, 24 to Oct, 21, company's traffic on According $81,714 From Jan. 1— Gross, from or arise and; General Manager for health but ill A dividend passenger, 1940 $96,137 $139,856 railwayj. will which 2047, President Morse, board.—V. common from. $128,190 55,250 from A. the Union / 156, v. November—; expenses!, Rogers has been elected General Manager. P. named because: of the Gross p. amortization; of defense United Air Lines 1942, estimated profits included holdover of pictures at theatres over the country during 156, Federal Union Gas Co, of Canada, Ltd.—New President, on further dividend despite the quarter and expectation of Federal share,: "compared lower p. provision dividend, toy omit explained-that this According to. Mr, . the , the-first 1943 quarter. Kalmus; earnings for in volume at omit to Distributions of 25 cents per share March 31, 1941,yto and including ' ' '■ ')•"/'• '• .0 directors' the President; inadvisable done in business large are for ; the deductions tions; of financing for Dividend— decided 28 :•■■;;: 77,625 income faxes for the periods applicable Ioa the year 1942; has been computed at the rates set forth in the: Revenue Act of 1942, without adjustments for possible provision plan fund. •/"•All members subscribing, to the plan will receive their share of 'this profit-sharing distribution, whether they-'remain with the company to retirement age or not. .' i:;".y-:'," Ty, Participation is open to employees with three years' service, with proper provision for people who are employed after the age of 35,— vy, 156, p. 2231. / /■■; •■•■; ..y"..'y •(.'/,' ■" directors 77,625- 6,469 6,469 - •■ Netcr—They, e.stiinated i bursements . to ■ .Herbert . given made on the New York Stock Exchange Brothers at $14.75, with 40 cents com¬ mission, and was completed in 23 mirilites. There were 133 purchases through 39 firms, with the largest block sold amounting to 5,585 shares and the smallest to 20 (shares. ; '.i-'.-r '•; Lehman Brothers also made a special offering of 4,810 shares of $1.50 preferred stock (no par) at $26Vs, with 60 cents commissi onV, 156, p. 2047. (no par) .10)1,816,985 Dr1,828,837: were, made each quarter from March 31, 1942; none since. , individual that no Dec. 23 by Lehman -6,928,437 1,250;000 - __ Technicolor, Inc.—Omits , any being now special offering of 22,292 shares of Fed., 32,269,249 ... "After The , of deposit their 'Social Sec., Fed & State :. stock 501,014 in 1842. occur, stockholders to we be would his this time." at 13,674,151 _ price, decline Total which ; ■'•; '•'.•• .v Deposit¬ v_'. a stock under the voting trust, "the according to the prospectus, "is to accom¬ plish unified cohtrol and assure the prudent, efficient and conserva¬ tive management of- the business and affairs of the-company;"—-V. 156, p. 2311. of tolah meat- operations losses AtV v:"-;V.-,; ■■ ' , were generally profitable for the year, however, during the latter, part of the fiscal year, in the fresh beef .and fresh pork sections-. Fortunately, these losses were offset by profits, in other sections. Bluntly stated, comipstition. forced us to pay more for cattle and hogs than we could .realize, under our ceiling limitations, for the fresh meat and by.-, products from this livestock. ' "You may wonder why meat packers would buy cattle and hogs, only to realize a loss on each head handled. I can assure you that we have often questioned this ourselves. In. our own case, we were asked to furnish large quantifies of beef, in particular, to the armed forces. We felt it was our: obligation to do this, - considering the •conditions, to. be temporary, even though it resulted in substantial losses. We also felt an obligation to take care of a reasonable propor¬ tion of the requirements of our customers for, sale to civilians,. . . #-In the past, when normal competitive trading conditions pre-, •vai'ledv periods-of-excessive- losses in. the fresh meat sections-have .been of relatively short duration. In recent, months losses have con¬ tinued for a longer period than usual because', demand continued to 'exceed the available supply without the-corrective effect of a price ••brake' on demand due, of couree, to the imposition of. ceiling prices, "I am giving this detailed explanation so that shareholders will "Dur •Heavy taken understood is it deposit so be 11,250,000 . surplus Treasury Gall made upon American farmers by: Claude R.- York New officers and directors, amounting to almost 20'/ would be deposited thereunder, states that 10,000,000 . reserves Earned Wickard, Secre¬ tary of, Agriculture and national food administrator, to produce the greatest crops in history for 1943 also is: discussed: "This includes ;an increase in cattle, calves, hogs, dairy and poultry products, and oil-producing, seeds. The goal for hogs to be dressed in 1943 exceeds the largest; number on record by 20,000,000 head or 25 ',4 . ' Present goals for cattle exceed 1942 by 9 'k, The;incre.ase tor- chipkensvia;?^';:.:.,. The. handling of these record-breaking volumes 'of meat and dairy 1and poultry products wll3: challenge the ingenuity of our industry. We will cooperate wholeheartedly with Secretary Wickard: in this program, ,.;•: •To insure moving the production into consumption and to obtain •proper priorities for, essential repairs will require the closest coopera; lion with Govermcntal ■agencies,'-' v--■';v b; Gross sales of more than $1,409,405,7.70, an increase of 381 over 1941, are shown. • ' ■..■'■■ ' ■ •■ all for Warner, ' meat."h The to action It in that see 12,165,651 affiliated companies. inventory Reserve , former cannot Prov. 462,057 taxes with accounts Harold by bulletin dated, Dec. 21, referring, to the registered with the SEC,. under which stock Co., State * income board was created by the call to Executive. Vice-President, and the held primary purpose of which," 2,700,000 General money Miller & 12,500,000 . debentures, due .currently_.__, (Current Purchasing power Richter, E. had been 2311. 156, p. !• • in; charge of traffic, and John A: of operations, have been, elected the Paul 150,000,000 . liabilities for as on- 12,500,000 debentures Accrued with which to buy working hard they.; need more have more 1,170,200 payable Frovision 1871. p. Official- in;; charge 150.000,000 . ;Accounts; payable ' fu-— (2) Requirements of our Allies, being supplied through lend-lease ;:;:.;,;.piirchases ,by;the (Agricultural .Marketing Administration for shipment to the United Nations and lor other war puipoacs <• 156, ;:/V 'V'''' ;■ Maintenance Capital :Stockv"($25.:par)„:_fc„^»^w;,h--_*—.; .20-ycar, 2ui'P debentures. The ration 1941.—V. outstanding shares, other 4,537v685 704,110 (current) Liabilities— * corporation ,1 trust: agreement by such 119,420,156 6,206,371 consol. subsidiaries—not .341,650,800 313,980,381 iNotes (3) 114,184,825 Sundry "assets ■Due There are several reasons: Requirements of the Armed Forces of our own nation. of the men of the: armed forces:, of the United States charges Inventories company, production. breaking and notes receivable (less reserve)™ Deferred by John Holmes, shareholders, made .public .Dec. 21;: Discussing the request made., by the Government of consumers that they voluntarily limit their purchases of meat to 2Va pounds per person per week, Mr. Holmes writes; "You undoubt¬ edly have wondered why there was a shortage, in view of record '' $ 1 100,960,293: 11,629,064 11.699,083 28,966,120.14,757,916 76,641,489 59,541,039 1,994,729 1,884,004 'cash Cov—Anp^al Report— Nov. 1/41 • 101,323,452 branches Accounts L to.; income subject Sheet " 1 '.'■'".■Assets— 1422. 156, p. restored the 1942, active in aviation program planning assistant to E. Lee Talman, Vice- years the staff vacancy of stockholder 5,920.535 $1.74 and now One duty the sale of investment in Libby, McNeill amount payab,e to employees under taxes). Payments last. six Treasurer..'..; membership held of Hour Act, premium 31, on for provision " Oct. Triumph, Explosives, Inc.—Advised Against 837,036 • during 1941 were as follows: Jan. 15, .12 (i cents; April 15, July 15 and Oct. 15, 25 cents each,, and Dec. 23, a year-end of 50 cents. r,bb b;:b; The directors also declared a quarterly dividend of 25 cents per :share on the commoh stock,: payable:, Jan. 15 toholders of record 15, $2.83 at Western Air, Inc.—New & Vice-President MacBride, : 5,922,768 . that year Conroy, ,Vice-President torncy.—V. 10,321,523 7,104,131 24,958,392 being the part applicable prior to current year; unamortized expense on funded debt retired 'this ,year, less $2,280,383 reduction in provision for Federal income taxes arising from these Charges. (".Reserve for balance of accrued year-end dividend of 20 cents per share was recently declared on the common stock, payable Dec. 31 to holders of record Dec. 29. Distributions of 25 cents each were made on Jan., 15, April 15, July 15 5.—V. 7,105,020 fConsisting of 87,636.255 loss ; Superheater Co.—Year-End Dividend— •JlUU 11,183,484 8,882,150 stock cap. ($25. par) _.ir Earnings per share—, , A Oct: 17,808,725 8,882,952 .u — said work amounting to $20,460,000, com¬ earlier. Current assets on that date, he and current liabilities $2,670,047, compared with a Directors— P. other / Dividends "27,041 $833,843 ■and 12,128,190 944,706 16,972,721 Balance 7,299 "42,596 Wage and » 17,149,667 ! .. uncompleted has: joined directors. 11,158,559 -v—— 16,972,721 Chairman, $3,887,786 Cantwell;' for Collings, — railway___2 .Net from railway Net ry. oper; income— j -ll— $135,458 "34,889 73.789 income..-- oper. Total profits Special charges, 1939 T. Missouri, 1,457,681 357,014 R director ing Stock in Voting Trust— 18,314,386 Payments during 2 and Dec, 1, Sept, 155, p. 2101. President of the St. a $3,775,530. were voting ; 1942. each; $1 Avmsby. books its with New 9,954,403 1,204,150 7,971,687 N. Russell in 530,195 26,452,984 Mar. 2, on. 1 and June 2, year-end of $1.-—V. a Johns River Shipbuilding Co., to fill the vacancy caused by the death Other directors were elected with the addition Crowley and Frederick A. Wyckoff, who were ap¬ elected Prcsident. and 2,001,187 1,133,820 154,731 Mar. Transcontinental • 13,493,277 26,279,708 1,257,222 with $1 compared and Dec. 24, $838,367 and $388,967, respectively, on Oct. 31, 11,755,856 1,737,422 44,837,658 50 as Fischer, on pared 653,695 /■ Welding Co.—Year-end Dividend— 75 cents per Share, was recently declared on payable Dec. 30 to holders, of record Dec. 28. Dis¬ cents per share were made on June 1, Sept. 1 and to vacancies earlier this year. J. had 6,818,751 472,612 —L.. ;Prov "$476,902 Electric Benjamin L. . 7,918,962 charges i.J. charges ioi inc. taxes. Other $106,335 2047. p. as,follows: been pointed *.'••.■.//' v.y 48,740,368 7,973,452 2,111,655 Interest "$95,148:. $12,236 &. busi dividend of last,, George of 49,265,178 1,810,590 income 1,176,473 James- C; Merrill, has said, —- •■ income Total u 1,014,691 , 1 $ ^ '.'■•,/■■:;• 3,992,169 254,566 200,838 . — inc. Thompson-Stairett Co., Inc.—-New Director, Etc.— Oct. 28, '39 ^ 8,242,345 fund pens, 96,957 $.699,574 stock, $1.50 each; 52 Wks. End. 6,915,8§1 m- 91.068 $1,121,526 156, of Dec. 771,573,482 756,731,537 922,130,558 691,986,754 678,748,063 53,982,681 —. 18,634 4 year-end active, Island Rapid Transit Ry.—Earnings- November—• : $602,616 $159,413 Thomson A 250,000,000 Oct. 26, *40 NoV. 1, '41 /'/ 56,719,521 • Operating income.:. Other 156, p. 2230. 1940 $1,030,458 18,195 (ry. the-common ."as. we Staten $140,784 $213,074 » *L0S3,—'V. ■ the production of 53 Wks. End. 7,023,60a admin. ; expenses; ' / (Including Domestic and Canadian Subs.) 52 Wks. End. Prov. for doubtf. acets„ utility •corresponding week last year, an increase of 6.5'/ .—V. 782,707 $194,879 incpme- . approximately ■' Taxes (other than ; operating companies in the system for the week ended Dec. 19, 1942, compared with 108,412,000 kwh. tor the public the of 912,542 income- Tot. combined net Holmes states: "Whereas in; than 2,000,00.0 pounds of canned out more than. 8,000,000 pounds produced we ., Oct. 31, '42 (V '' ''•'"'•O1 : C Deprcc. and depletion group.of output 162,116 income— deductions ' Mr. 1,282,928,449 Standard Gas &> Electric Co.—Weekly. Output— •; Total 1.40j,405,770 1,018,989,223 fi&i stockholders, and Standards Food Products, Inc., of Indianapolis, similarly held. y/ 'a/v-:,///:/.;: /.'-'/'V \/;:/;■■ ; Ownership of the three: concerns was to pass to Standard Brands, Inc.;. before Jan. 1. 1943, under terms of the present sales contract, it, was stated/rV. 156, p. 2230. ( small 4,853,102 180,283 Tota!' gross year, Sell.,, advertis.'g; geivi expects to gain ownership of Tex,, which is owned by the addition, Standard Brands, Inc., States. Foods, Inc., of Dallas, In Southern •same $6,238,426 5,235,609 . Cost / after completion of the purchase agreement approved recently, 'announced on Dec. 21. •//-V\v-9/•=?/'//.'./•// was $7,178,609 954,617 — oper. 1942—5 Mos.—1941 $1,257,517 1,027,912 expenses--- Total non-oper. of which about 80',a' went to the Government. pork, '//;/ Period— . corporation .plails; to. maintain generally the,,: present personnel: Margarine Co. of Indianapolis and its associated com¬ panies ■ cited, the fel¬ Holmes industry pounds. ■f 91,310 Standard •it Total Civilian: Defense, of Consondated:.Income Account .740,479 *' Inc.—Acquisitions—'"l Standard Brands, '."'The taxes 1942-r-Month—•■1941 $1,403,074 .revenue Program:. The, nutrition Sales (incl.-serv. rev.) ! Total , 0-131 . /.• /.. 191,952 //fi / v/ ,/ • - $66,368 19,717 ,; / 766,276 228,80.9 1,502,053 743,203 y' income_2™ ry, oper; 18,201' oper, quantity; At the present time, has been expanded to approximately 300,which means, a total of 900,000,000 dozen shell eggs: New driers have been installed or are in the process of ;installation:at eight of our dairy"and poultry plants." •'■ Approximately 8,000 employees of the, company are now in uniform and employees are now purchasing war bonds at the rate of $10,500,000 per "year through the payroll savings plan. I -1939 / ■ •' 25.392 •; - railwayi-.'-i < ,/ ///•',;, From Jan.' 1— Gross / 54,940 income—-. oper, ry. ■ . oper. Total dried egg business was of negligible .000,000 1940 ... • $59,364 .1941 $78,396 21,887 ; 11.925. y,-" Total butter, canned bacon, cheese, dried; and shell eggs, gelatin, glue, meat fats, vegetable oils, ■ and numerous other products. Before the war, RR.—Earnings-— 'Gross, front, Mr. company, Nutrition •,;'uvS.ubsj;an^aFincrjease$;.;.have. also .taken' place in i - . his by Office forces week.,yDuring capacity .or : done National the pounds of canned , V. Period End. Noil 30— < recent change ■ by aimed our .a,, income operating work the to 1941 we. were equipped to produce less; meat a week, we are now able to turn $1,559,460. $1,642,00$,/$14,501,347 $16,333,411 •Net Income. 1,274,2091,338,704 11,761,110 13,333,263 -/ Note—Figures for: 1941 adjusted to spread over, the months to which applicable certain retroactive, items encountered, during the yearir-: Net in , 16,811,355 •20,949,42.0 an country that the . 55,766,827 63,091,259 the and the company's cooperation. With a group of. leading companies in the food industry and allied fields in the founding and support, of "The Nutrition Foundation, Inc." '. T.-'y1;' : v As an illustration of volume increases brought about, by demands $3,215,135 $35,450,767 $33,144/66 $4,052,618 revenues-- oper. nutrition awards distributed .for Net the .and 334,948 357,165 33,766 5,982,528 35,926 ' rev. /■•/. $9,231,429 $08,899,291 $89,246,541 $10,647,812 Operating revenues Uncollectible' opcr. that assume of hopeful are, Corp.—Earnings of System— (Railway and Bus Operations! colleges and universities, in the United, States and .Canada by Swift; a-sound film on nutrition; a special booklet produced in cooperation with the Office of Defense Health and Welfare Services 1942—10 MOS—1941 1942—Month—1941 Period End- Oct. 31— :We to. life economic profit: Third Avenue Transit during part of the year. reasonable seem the a keen, interest lowship Southwestern Operating $33,037 $61,068 : inconsistency In the fact that our total net were satisfactory in spite of losses sustained no pork, 47 ' 1958. p. would mental Of Net •f .is and CHRONICLE Industry so funda¬ would be allowed to in ceiling prices for beef, and pork, which establish uniform basic ceiling prices lor all packers, will be helpful in reestablishing moderate profits in the fresh beef;and pork sections." 4,700 $583,430 217,393 $535,329 215,237 $56,170 23,103 $59,901 DM, 167; , • 879,231 979,909 ' fresh'beef in $1,467,361 $1,521,238 600 ^ there earnings* from all sources 1942—10 Mos.~1941 $153,342 $150,864- ■„.. oper. expenses that realize Co.:—Earnings— / 1942^—Month-—1941 Feridcl End, Oct; 31-— : COMMERCIAL & FINANCIAL to the Civil Aeronautics Board record, each United plane operating over route No. 1 during that period carried an average load of 4,451 pounds of passengers, mail and express, a substantially higher payload than was averaged by planes on other coast-to-coast routes. According to Civil Aeronautics Board statistics for the first nine months of 1942, United Air Lines had a load factor of 80.8T capacity, the of highest in the country, and 10U 156, p. 2231. 70'.< .—V. higher than the industry's average 48 THE COMMERCIAL & FINANCIAL CHRONICLE United Gas Improvement Warner Bros. Pictures, Inc. Co.—Weekly Output— (& Monday, January 4, 1943 Subs.)—Earnings— A/... A • Balance Sheet, Oct. 31, 19CI .A;' " electric The 12.4% or for the output ended Dec. 26, U. G, I. system 1942.totaled 123,645,075 kwh., the same week in 1941. over 'Consolidated the week for companies gain of 19,619,146 kwh.,- a Years Ended— Film . The electric ended Dec. output 19, for 1942, Hearing UGI, System 6f companies for the week to 136,130,395 kwh,, an increase, of the sions, amounted 16,544,424 kwh., or 13.8% Rents has set Jan. Total 19, 1943, as the date for hearing on the volun¬ tary plan filed on Dec. 22 by the company looking to compliance with Section ll of the Public Utility Holding Company Act of 1935. The Commission with nection At 1940. to UGI its has and its integration—of date consolidated these hearings with in con¬ those •Net issued against the company on March 4, Commission instituted proceedings with respect subsidiaries pursuant to Section 11 (b) (1)-^-corporate Act. Hearings . from held were 30, 1941,' ancf May' f, 1942, orders requiring certain divestments by UGI,~~V. 156, p. 2311. , U. S. Bobbin & Shuttle Co.—Pays , The company on $14 Pref. ;Div.— Issue 22, to $34.50 1941; since. none share.—V. per Arrearages as 154, 1601. p. at Dec. • 31, and directors have declared the i . U. S. Distributing extra an 58,424,335 59,547,286 in affil. 15,546,962 •; '—A —. co investments.^ ,/V; of properties. • jiA . contingencies_..:_._iw.; 825,000 dividend of 25 cents share per Co.—V. •' 2312. A'/' p: Net 6,366,153 618,355 690,921 'A'.,' AAA States Pipe applicable . other Profit Foundry Co.—Acquires Work¬ ing Control of Sloss-Sheffield Steel & Iron Co.— ;f & 7,057,073 bonds redeemed and capital loss of, ; 815,231 666,618 losses to of A 426,309 ..470,047 323,919 34,574,577 21,705,062 16,755.563 .15,338.325 14,935,450 6,966,277 4.249,041 3.386,790 9,675,363 4,242,210 2,245,173 1,545,637 648,813 193,103 6,333 156, J. Net telegraph oper, Earned Iron Co. has acquired working control of Sloss-Sheffield Steel & purchase from the Allied Chemical & Dye Corp. for an 107,989 by unstated Sloss-Sheffield This of amount gives the latter's holdings of 54,50Q stock. common shares common " U. of / / ..../ A-A, the Sloss-Sheffield Sloss-Sheffield has S. Pipe a 54.87% ownership of shares outstanding. ' In addition, 6% preferred stock outstanding which have equal voting rights with the common stock, so that on a combined basis the U. S, Pipe & Foundry stock, interest is equivalent to 42.6% of ,; 94,318 common 28,647 shares the total •Before and 2,602,373 A and film to 8789,345 in costs. 6,001,329 12,080,279 outstanding of both classes of stock.—V. 156, 1511. p. , 87,526 109,371 1,186,270 1,517,670 1,075,647 13,266,549 11,601,120 566,002 5,809,049 7,457,500 5,765,233 inc. gross 579,9.85, 937,685 Earnings for Years Ended Oct. 81. Sub. Oper, Companies— Operating Gross of 1941 & weighing, profit feed $3,771,764 sales on & 1940 bedding $2,854,647 9,550,223 .• 2,062,123 5,686,492 6,100,247 11,506,261 5,927,053 and notes receivable--: '. Operating Raw Net Advances 437,050 426,075 412,786 Curr. $5,358,331 $4,123,294 $4,018,261 $3,760,211 Land, 771,173 Ofher 3,598,601 2,815,250 2,587,122 2,508,473 $1,759,731 $1,308,044 103,588 $1,431,139 $1,251,739 138,951 128,767 income :-_A; inc. int. Net ,, —- income operating before • 126,161 paid, notes, Amort, of leased on $1,570,089 $1,380,505 82,iio 107,092 108,225 from to ■ for on 20,625 22,500 426,324 718,753 372,775 • income C»'6,808 X>rll,604 AAirA sub. . income net CV24.162 minor, holders Z>r33,552 Cr26,580 Cr27,032 106,542 3,671 6,303,991 companies 13,589,324 Government bonds investments Prepaid insurance, 163,375 $915,961 $976,608 AA- 280.744 228,624 , AAA—-A.-.182,906,737 A Other 247,421 239,383 AA — preferred stock on A! liabilities for Federal 347.504 within 10,981,052 ; $809,253 Int. bonds on Stockyards Corp. Eds. dis. & exp. Canadian inc. Prov. Fed. for $729,188 $727,871 84,505 86,487 72,732 . 200,315 237,217 263,500 21,195 25,100 27,881 10,075 — 5,004 3,095 / 9,461 7,000 taxes, etc. tax 15,000 : charges /AAA Special 14.349 $282,617 27,881 .1 5,432 long-term , 7,500 of Common stock UPreferred Earned § Preferred Dividends /; -Z paid Preferred in Common ($5 subs, 879,381 cos stock — in of stk com. -AAA/ 301,700 301,714 301,715 374,000 374,000 374,000 $0.10 $0.13 56,100 outstd. .($1 par) AA Earns, per shr. on com; . 301,700 374,000 $0.40 A : /././. A/A i Nil Notes—(1) The provisions for depreciation for the years ended Oct. 1942 and 1941, including charges to other expense accounts, amounted to $432,060 and $379,418, respectively. (2) The provisions for Federal, Canadian and State income taxes of subsidiaries include 31, pro¬ visions for Federal and Canadian excess profits taxes amounting to $111,368 and $37,589 for the years ended Oct. 31, 1942 and 1941, re¬ spectively. (3) The equity in net income of. the Canadian subsidiary included herein . Consolidated Balance Sheet, Oct. 31, 1942 . A A Assets—Cash in banks and on hand, $1,474,632; marketable secur¬ $423,400; accounts and notes receivable (net), $323,777; inven¬ feed, bedding and supplies, etc,, $372,228; real estate not used in stockyards operations (less, reserves for depreciation or valuation of $659,890), $1,322,677; investments in and advances to subsidiary .not; consolidated and - to affiliated company, $28,116; miscellaneous securities, noncurrent receivables, etc. (less, reserve) for loss of $15,600), $107,354; property, plant and equipment (less depreciation of $8,730,318), $15,416,440; prepaid expenses, etc., $46,543; bond discount and ities; etc., /financing in of process expenses, not amortization, being amortized, $229,021; $178,297; organization total, and $19,922,485, 1941 and $35,588,153 in 1942. Receives A Under Moneys Frozen in England— accordance the with of terms this agreement.—V. 156. A stockholders Oct. 1942, with with the 1, filed was whereupon of Co. approved Seaboard Secretary Wellington Oil Co. Del. The transfer agreement of merger, dated as of Oil Co. of Del. Agreement of merger of State of Delaware 011 Dec. 31, 1942, of books Del. Under stock the for merged into Seaboard Oil ' capital stock of Wellington was the the agreement of merger, on Years Ended Oct. 31— Net Provision for on 1942 1941 1940 1939 $745,934 $719,865 $594,386 •241,776 123,351 122,232 post-war refund of excess profits taxes of $10,126. During the past fiscal year additions V. 156, shares cash dividends surplus, at paid in prior years of preferred stock held $154,365; cost), Dr$96,750; total, $19 922 485 income and on Dec. 15. $1 each paid during 1941 and Dec. 15. last, on were to holders March as $3.—V. 16, follows: 153. p. per share of record June 15 March 1144. was paid Dec. and 15, $1; on 10. Sept. June the This 15. h, common tures stock with Pavments 52; Sept in for $112,000. compares 1942. 15 $504,158 $525,824 / 134,854 $2.49 134,854 $1 and to other $472,154 -A S2.94 ; for excess profits tax and 134.854 $2.65 $10,936 under tlncludes $570,798 for ext'ess profits taxes, to $2.25 provision credit for property, plant approximately $432,000; depreciation in¬ amounted to over $200,000, and expediproperties and equipment, approximately Federal and State income, social security, property, franchise taxes charged to operations during the fiscal year, amounted equipment cluded year-end dividend of $2 share $17,208 par.) amounted operating to of $202,281. ■" Cr8,6l8 $255,595 5243,468 $3,607,509 $2,900,104 6,658 6,658 73,234 ~~ A leased A; A road 74,425; 6,632 8,006 80,840 95,879 $242,306 $228,803 $3,453,434 $2,729,803 : chgs,™ amortiz. of projects: tin include not AtAA $8,568 1 . excess $21,784 , , deprec.) 27,153 interest 255,713 being accrued books corporate but v;A 2144. p. Weymouth Light & Power Co.—Pays $1 Dividend— ,, The company stock, common 50 28 Dec. on $25, par to paid on Jan/ 31, 1942. aA of of record Payments $1 Dem last, 40 cents 31, 63 cents; Apr. 30, 75 cents.—V. 156, p. 1160. 80 dividend a holders cents paid on Sept. 25, Jan. on during 1941 cents/ July 31, share per 17. This June 26, 63 the on compares 1942, and 75 were follows: as cents/ and Oct. 31, Wilbur-Suchard Chocolate Co., Inc.—Tenders— ities, Pennsylvania Co. bids for It the A' 1952. for for Insurances depositary and agent for/the Philadelphia, was the Pa., Lives on and 15th company,. Granting Annu¬ and Chestnut Sts., up to the close of business Dec.. 26, 1942, received to the company of first mortgage bonds due July 1, sale -/A,./A''/'/ announced acquisition company.—V. 141, that of , at .■■■ ■ , would sum tendered so be ■ , made /. ■ available prices satisfactory /,'/■; :'A'/"; A! / 2132. p. ■/./. ■_./ 'U substantial a bonds the to Winchendon Electric Light & Power Co.—$2,15 Div,— The Dec. company on stock, 28 holders to June 26 on and paid 1941, and $1.50 on a dividend of $2.15 per share record of Sept. 25, Dec. 1942, Jan. 31, This 17, and $2 on 1940.—V. 155, p. 27, the on with compares March 1942; $X $4 on 2464, Worcester Suburban Electric Co.—$1.25 Dividend— A dividend of Dec, on 28 on $1.25 to Sept. per holders 25, share of last, paid was record 75 Dec. the on 17. , cents on June common This 26, stock, and par with 90 $1.20 or. compares 1942, 1942, Payments during 1941 were as follows: Mar. 23, $1; June 27, $1.25; and Sept. 26 and Dec. 26, $1.50 each.—V. 156, p, 1160. Wright Machine Co., Worcester, Mass.—Pays Arrear¬ ages— The directors of this company, manufacturers of screw machine products and metal specialties, recently declared a dividend of $7 per share on the preferred stock for 1941 and $7 per share for 1942/ clearing up arrearages on the issue. $168,265 and Yale & Towne Joseph has been who approximately $1,099,000. totaled Dr350,773 $2,891,485 Cr29, 727 expenses the maintenance (2) For year ended Oct. 31. stock Dr329, 229 33,577, 782 Cr3,442 being paid currently.—V. 156, Mar. .27, — Utah Home Fire Insurance Co.—Year-End Div.— A per (no Dr31,831 $240,025 Cr3,677 being accrued cents paid stock common •Includes $574,273 — outstanding Earnings 70,689 Notes—(1) 2143. p. Net $251,919' 419.731 998,776 Dr403,563 /A , $25, price declines —__/— Dr278, 837 / . inventory $1,706,636; (less not Oct. 31, t894,674 income Dr28,850 Dr29,748 income-'" normal r'./fDoes each Corp.- -Earnings- paid-in earned of capital $1,468,946 earnings Federal taxes 955, 239 1,092, 035 Brl5,775 -paid'. m-Aa— common Western Tablet & Stationery $(7064,323 $6,233, 182 92,821 30, share of Wellington Oil Co. of Del. will become one-quarter capital stock of Seaboard Oil Co. .of Del.—V. 156, p. 1784. $60,360), surplus Dec. each $1) (par share of a of terms 1942—11 Mos.—-1941 $305,191 (net) Equipment 2312. an permanently closed at the close of business were of have years, (9,000 / cents Wellington Oil Co. of Del.—Suspended From Dealings- for prior subsidiary p. the aircraft $1,277,687 $18,186,134 $15,033,369 972,496 11,952,953 9,969,041 Cr83,336 equipment defense The $374,000; by ' a agreement recently entered into between the British and the American motion picture industry company has received substantially all the moneys which had previously been frozen in England, Oil Nov. 4, 1942, $5,245,726 was received in an Shares par), for •Includes with Treasury Liabilities—Accounts payable, $110,425; dividends payable, $64,587; accrued; salaries, wages, interest, etc., $111,452; accrued taxes, other thaii Federal, Canadian and State income taxes, $278,336; provision for Federal, Canadian and State income taxes, $712,194; sinking fund deposits for redemption of first mortgage bonds of subsidiaries due before Oct. 31, 1943, $75,000; long-term indebtedness, $7,222,000; equity of minority interests in subsidiary companies, $4,557,738; preferred stock (440,000 shares no pari, $4,652,500; common stock ($1 < in¬ at and 11,610 A .-Road i.—A* 169,574,911. depreciation and amortization of $11,480,394 in 1941 and $11,686,616 in 1942. '^Including 100,255 shares of common stock carried at $1. 13,490 shares at cost. liRepresented by 103,107 no par shares. ■ tories of expense, in produced 100,625 rents Net after fxd. for deprecia¬ tAfter reserve for amounts to $52,019 before deducting the exchange loss and $47,275 after deducting the exchange loss. The dividends from this subsidiary during the year were $49,312. A./A:AAA'-' .AAA $36,560,935 reserve which charges: and ., 5,670,885 182,906,737 of orders more mounts gun $409,676 1 avail, for fxd. Interest 57,316,563 9,322,960 Drl70,141 Z)rl87,261 •Including construction in progress, and after $350,827 "is said, 19,006,723 5,670,885 treasury— are 1942—Month—1941 charges; AA/A AAA A' Rent 248,195 '' 17,410,973 held he divisions material war Co. 1,060,787 taxes oper, A/A. and 1,863,755 57,316,562 - - stock ry. tFixed 2,044,000 19,006,723 par) Con¬ ■V'iA'A-.A- A: /.■■'' Other amounting $106,377,340, /"'/AA''7vVv:\A ;i'7A'-':A.r:,'A/'A/^ $1,470,464 AA. equipment, Income /,;-:. 234,993 / 1,371,624 57,334,690 the Among revenues facility A'AA-of tion stock stock $341,225 cash: ' Shs. 493,360 / 2,602,636 : 261,424 - in surplus surplus Capital 2,255,063 18,819 " 288,766 4,748,520 J contingencies.. minority stkhldrs. of Joint . for Interest ' 49,100,027 Total Net: income ..., \ Net debt™ to represented also income Other income A--A 43,433 $452,199 263,500 . . other Deferred/ credits Reserve .v.-' 96,120 amort. inc. $687,333 and contracts. company. Elevator taxes Hire 4,074,326 ye'ar-_A:A—AA-AAA'AAuAA A' 3,237,055 affiliated companies-—32,696 and participation payable 1,735,126 ' expenses of United Other fund require,, pureh. money oblig, and mtge.- instal. matur. payments for film, deposits, etc iiabs. of subs. oper. in forgn. territories- Curr. ry. Federal 344.36P, 2,982,18-7 one' Owing to Royalties Funded United Stockyards Corp .;■/ the /'";. ^/.AA'A-A./AA expenses Net 95,882. 4,358,324 4,115,418 taxes income out, war production, It was reported that the Westinghouse Appliance Division plants are producing- '''large .fimounts o:' equipment as tank gun fire control apparatus, binochlars. and revenues "Total' bonds, sink, contract, of received amounted pointed A Wisconsin Central Ry. Co.—Earnings— - 3,906,027 AAi* A-j ■ in Period End. Nov. 30- 708,341 95,882 payable accrued accrued 1,357,341 - division Robertson Total payable * with orders month Robertson renegotiation 1941. reported that two naval ordnance plants, oper¬ by Westinghouse for the Navy, are turning out "impressive quan¬ of fighting equipment, and the Westinghouse Merchant Marine Division plant at South Philadelphia is "months ahead of schedule" in the production of propulsion equipment for ships.—V. 156, p. 2312. 1.69,574,911 Accounts $967,253 Equity of Unit. Stockyards Corp. in total ■P" net income of subs. Mr, 161,954 exps. last in tities" 1,300,072 8,331,776 other and — $582,808,634 re¬ the company, July, 1942, ated 95,963 ■ 8,402,447 rent received Mr. armor-piercing shot," Westinghouse Electric 953,832 2,098,332 taxes, with worth Chairman, /v"'/-//'/•; . to war elevators. /Liabilities— and $1,089,997 such 526,816 deposits_w-A^—, other any Electric 262,469 'A%/VAA- Mortgages, long-term notes and special accounts receivable (less reserve)495,428 Deposits to secure contracts ' ,978,778 Sinking, 'fund billion dollars' a Robertson, importance of radio equipment in modern war." by the fact that our Radio Division booked normal 54,256,500 12,063,997 2,479,063 S. over" W. impressively their production loads in 1942 included the motor, transformer, switchgear, steam turbine and generator divisions." Indicating the extent of the electrical industry's conversion from -764,254 U. A. the directors. creased 3,294,846 52,009,963 equipment on owned properties tLeaseholds, bldgs. and equip, on leased prop.^ Advance Gen. & admin, 131,007 •Buildings and Reserve stock¬ therein 638,123 250,000 57,289,801 of costs. oper. Equity of 890,636 in foreign territories oper. affiliated 1942. monthly high, Orders figures, prices before than (recoverable i-. in meeting.of all-time an monthly "The 2,495,530 4,430,494 Serial Total 1,978,030 — a illustrated 57,180,236 Interest A—A—: Special charge in Dividend payable Dr5,m years' (net) supplies, etc producer 4,344,756 at Notes : prior of 4,376,867 at compared $158,136,917. tract less 23 orders established to 22,500 / A 245,302 exch. subsidiaries cost at rentals) assets of subs. ':;'Total taxes adjust1, assets of Canadian Adjust, outside an film Goodwill Fed., Canadian inc. accessories, fMiscellaneous A.,—/A-vAA// ;/: 96,106 settlement State Prov. $1,411,632 stock-contrac^-.;;A V ZAAA A Prov. for & $1,885,892 bonds and on etc. unproduced, 1942 These future to — paid inc. taxes, etc. Int. charges l materials, (net) expenses and costAAA-~Au-£A-AAA>.i—AA scenarios and Investments oper. progress "/■ /.reserves income 811,263 in equipment Dec. on Marking the first billion dollar year in the history of the 1,679,327 831,597 yard inc. Total / 7,431,249 received orders for "well company needed war ported S L. Accounts 1,036,852 549,716 . of 1941 ■A, productions,' at :/'A" A,"J- Dollars— The Assets-- Rights $2,780,922 $2,576,252 at', 'A-,■/,,;<;: ' "■ Westinghouse Electric & Mfg. Co.—Orders Top Billion ' 1939 5,835,837 * ' 1942, Sheet : Subs.) AA'-AA A/A:'AA A/A income— Yardage Other 1942 ' ;////: expenses, in at cost less amortizationProductions completed but, not released, at cost (Incl. " 509,645 _ Productions Consolidated A—A— 156,..p. 2312. 334,561 10,286,534 1,314.585 ; AAA- income from income —V. * , Balance Released productions, United Stockyards Corp.—Annual Report— Net 1940,- in respect of studio properties Consolidated of shares interest 16,622,424 966,276 9,322,960 8616,303 21,601,334 1,430.144 Gross than 1,562,228 A & cable revenues™ 402,397 Deduct, depreciation, 76,751,295 9,118,658 287,646 tother :v $ 93,373,720 86,431 032 28,868 17,410,973 charges, 108,032 366 567,084 383,528 amortization, miscellaneous $689,787 in 1941 charged for providing other 9.622,619 8,060,391 11,877,758 9,275.385 rev. exp. 1.136,596 189,227 4,445,331 : Co.—Earnings— assign; to oper.— Taxes stock > 1942—Month—1941!',,'i:i 1942— -10 Mos.—1941 * revenues oper. 1939 $1,549,163 A 35,633 on ' A surplus A A' '1940 - V . The company / ' Operating income'-A Non-operating income— 4,553,319 274,237 767,964 : 1941 /' Uncoil, 10,074,070 2312. I p. 1 ''^'"Period End.'Oc't.-31A^;; A 58,458 9,974,939 income—. Teleg & cable oper. Teleg & cable oper. 135,342 3,167 railwaysrailway— oper. '"?• ' 1942' Western Union Telegraph ' 1,612,047 734,951 capital from from ry. —V. • 2,747,473 4,445,331 subs. company- a ' 514,224 Net 838,000 5,429,303 preferred stock on $1,762,215 1,996,574 A'A-A'A A, , 8,554,513 met)— sale on and adv. Dividends for provision assets . $2,332,437 2,369 9,322,959 ____1— (est.) $3,885,781 Net and sale of affiliated company: on aAA/: / ;" ;• ,■ ™ debentures and State, income tax ry. oper. income-A From Jan. 1— :A/ , 3,587,841 20,373 , Totai'_-.A—/-A——A---ATr ■ A/ /••■; : — on local, on Net ' A /AAA- y\ A 1 Aa'/AAaa^:'; /A 21,771 to inet) stock, preferred on and taxes ' 489,490 surplus at begin, of period- discount Losses .• profit Federal Western Pacific. RR.—Earnings— 3,098,351 taxes—__ stockholders S. ,Treasury dividend interest accrued $77,015; /NovemSer—' ."'.A.':/ Gross from railway Net from railway--/-.. Gross profit Earned Net / Corp.—Merger— 150, of U. $414,290; $42,066; taxes, / 184,000 interest, A/k k'A.;/..: 16,824,885 minority income payable, 1943, stock , 4,621,497 3,705,634 • 1,494,000 o receivable accounts and 11,200 4,517,825 3,168,085 . notes savings notes of $570,410), $334,390; notes payable to banks, $875,000; 5% cumulative preferred stock (par $100), $3,365,300; common stock (134,854 no par shares), $1,666,459; earned surplus, $1,008,289; total, $7,782,810.—V. 156, p. 872. 35,866 / Jan.. 2, capital (less 11,656,549 . < 4,588,213 v.2,934;205 ™ /,Normal,income ,tax,.-rX_~rt^-^-^1i;v4t250,000/....l,598,'850 Excess profits /tax'-'/™/™/A-. 4,000,000 7,150 Book United 64,680,384 Provision for Federal income taxes; . :«, stock, Pittston 1,678,213 miscell. Federal Proportion quarterly dividend of 25 cents per share on the both payable Feb. 1 to holders of record Jan. 15. Extra payments during 1942 were as follows; Feb. 2, 25 cents, and May 1, 75 cents.—V. 156, p. 1696. See 2,867,889 24,553,949 .'before and regular common 3,815,992 income minority . The partic. deprec. for Liabilities—Accounts payable Federal 27,455,045 16,206,531 Profit ; 1942, V : U.« S. Industrial Alcohol c Co.—rExtra Dividend-^//, , 100,337,093 Dec. Dec. on amounted 119,271,544 102,293,171 26,221,219 25,453,985 Profit Other 10 paid a dividend of $14 per share on account of accumulations on the I'm, cumulative preferred stock, par $100, to holders of record Nov. 10. A similar distribution was made orfvthis for and Provision >\ 4,043,657 income tAmortl (less $65,0001/ $1,235,890; inventories .(net), $1,914,213; cash surrender value of life insurance,•,$242,517; estimated post-war refund of excess profits tax, $10,126;-'veal, estate hot .used, in. .operations and.... sundry receivables, $9,119; property, plant and.equipment (net), $2,964,195; prepaid insurance and. taxes, $6.7,712/,total,..$7,782,810. / A; 96,293,435 4,158,596 expenses—. general Interest.- expense were\issued ■ ; A 4,323,213 $1,339,038;,-trade of reserve $> 114,948,331 .98,134,575 film costs- and Provision to. time, and time July . admis¬ income-- royalties— —_ of ■Provision for Invest, the the of and — Operating . under miscell, tenants Assets—Cash, / Account A. Aug. 31,'42 Aug. 30/41 Aug. 31/40 • Other costs, incl, royalties & order own that time 1. theatre .a A income, sales and from Amortization The SEC * the corresponding Week the year before. over Plan Jan, 19— on rental Income 1942 cash dividends declared dividends on common stock on preferred amounted to died Calvert A. Horne last 156. as Vice-President, effective Jan. • 1. and. September. Carey, Vice-President in —V. Mfg. Co.—New Chairman, Etc.— resigned elected Chairman of the board to succeed John Henry Towne, p. 2144. Mr. Home's assistant charge of production, for nine years, was He was also elected a named director