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BUS. W>W
LIBRARY
JAN 5
MONDAY
1948"
Reg. U. S. Pat. Office
Volume
167
Number 4661
New
York, N. Y., Monday, January 5, 1948
Price 75 Cents
a
Copy
General Corporation and Investment
News
RAILROAD
ACF-Brill
This
Motors
company
sidiary,
of
as
Hall-Scott
incorporated in
Hall-Scott Motor
Co.—Dissolves Subsidiary—
Dec.
Motor
a
31,
Car
1947
Co,
division
new
PUBLIC UTILITY
-
division.—V.
dissolved
and
of
of
the
firm
parent
to
sub¬
latter
be
known
of
(Including
Cost
of
goods
Factory
Other
Total
Total
4,593,895
inc
$4,534,984 $23,842,454 $16,422,208
*115,436
+325,780
*162,709
27,924
income
income
$5,714,053
$4,650,420 $24,168,234 $16,584,917
3,731,145 '
3,253,100
15,459,695
12,120,537
788,654
564,509 *
3,803,545
2,242,623
—
taxes
1947—12 Mos:—1946
-
(est.)
'
profit from opers.
Unrealized foreign exch.
piofit
—
$1,194,254
$832,811
$4,904,994
>
profit
Dr39,068
_—
Dr4,856
Dr63,961
♦Oper.
$4,841,033
Net
of
from
the
$1.53
$70,000
war
received
contracts,
British
from
$1.09
the
tlncludes
British
cash
$6.42
dividend
of
directors
share
*
Jan.
1
the
on
10,
declared
common
in
cents;
in
1947
July
stock
$188,594
3273.
p.
equity
&
follows:
Jan.
20,
four
...
cents;
six
April
21,
28,
The
directors
the
on
tions
25
cents
5%%
of
of
Akron
&
ry.
•
1947
$461,434
income—
81,177
oper.
From
Gross
Jan.
Net
ry.
and
$25
value
par
both
p.
each
13%
payable
quarter.
cents
and
Jan.
1,
Bal.
of
consol.
interest
1945
$301,395
1944
'
90,849
41,227
\
22,076
connection
3,974,473
866,333
1,016,590
401,305
on
account
Reporter.")
the
recently
declared
50%
stock
dividend,'
The
that
shares.
date
fractional
remitted
share.
$7
as
("American
payment
Wool
in
full
Cotton
Broadcasting Co., Inc.—Gross Radio
Sales
166,
2553.
p.
&
High—
income
&
President
of
•
ABC's
an
gross
increase
1946,
setting
The
network
of
7.22%
a
new
compilation
time
over
Among
industrial
sales
for
1947
gross
high,
Mr.
amounted
to
billings
record
shows
time sales last
year when
of $40,617,130
Woods said.
$43,548,057,
reported
for
L.
that
October was the
top month for ABC
billings for the period amounted to
$4,203,034.
classifioations,
the
foods
and
food beverage
in¬
headed the list, spending
$15,476,210 for time on
ABC last
year, followed by the
drug and toilet goods industries with
expenditures totaling
$11,200,995 in 1947. Third
dustries
is
cnce
held
by
$2,920,090
beverages
again
the
for
ABC
place
house furniture
time
and
last
year.
industry also headed
goods In second place, with
third place.—V.
166, p. 753.
the
the
company,
of
it
commercial
has
been
sizes
made
list,
followed
stationery
and
grades
known
in
this
division
furnishings industry, which spent
In
1946, the foods and foods
American Cladmetals
Co.—Now
Sheets
4,897,596
by
and
byJ drugs and toilet
publishers group in
Shipping Sheets—
are
Joseph
and
for
..
this
has
are
available
for
T.:
.
"
"
*
•
'
,
in
Shanghai
and
SPECIALIST IN
the
reason
been
on
their
the
company's
reinstated
included
in
the
Investment
and
the
above
in
1,
statement.
stock
.The
the
furniture
The
or
industry
;
as
buffets, etc., which
"case
goods."-
Stock and Bond
.Vv
York
Stock
are
MUNICIPAL
The
remaining
qAllen
&
Exchange (Stocks)____
Exchange (Bonds)
Exchange
Baltimore Stock Exchange.—:.
Boston Stock Exchange
Chicago Stock Exchange
Cincinnati Stock Exchange
Cleveland Stock Exchange
or
2-2POO
NEW
Rp.1}
YORK
Teletype
NY
1-573
Corp.
the
Lima,
Arkansas
the
of
the
(Ohio)
of
of
Power
House,
Moses and
Warehouse
Kansas City.
Terminal
Institute
of
Council.
director of
the
a
He
is
also
of
known
items are
one
of
Moses,
of
of
Exchange
Montreal Stock Exchange.
to
10,000
In
shares,
has
verbally
Herbert
shares
addition
W.
to
agreed
at
Kahn's
shares
of
agreed
Messrs.
iinder's
Co.
o1
sell
25,000
before
sell
be
is
in
the
in
to
10
cents
the
Transactions New York Stock
Exchange
Transactions New York Curb
Exchange
Stock and Bond
Averages
is
—
not
C.
plant
(5)
of
24
'
net
proceeds
event
all
of
of
said
approximately
stock
$416,750
to
to
at
improvement
pay.R.
his
R.
Kernersville
Trubey,
a
1
■
v
of
plant.
promoter,
for
the
Kernersville,
cost.
Approximately
material,
hereby
.
for
$2^7,250
•
the
for
working
labor, etc.
capital,
I.e.,
the
purchase
CAPITALIZATION—The funded debt and
capitalization of the cor¬
outstanding as of Nov. 8, 1947, and the
capital stock to be
outstanding upon the issuance of the shares
now
follows:
Authorized
1st
offered
5, 1957
debs, due
5%
36
Oct.
36
stock
100,000
(10c
par)
conv.
cum.
stock
.
to
>
sell
they
at
find
None
-
100,000
None
845,000 shs.
385,000 shs.
100,000 shs.
35,000 shares
WARRANTS—By
5
cents
100,000 shs.
100,000 shs.
35,000 wts.
of
common
action
each
purchasers
of
to
for
the
the
the
None
35,000
and
33
entitling
common
the
stock
now
directors, corporation is authorized
underwriters, or their designees, if
total
holders
of
offered,
to
St. Louis Listed and Unlisted Securities
43
Edward D. Jones & Co.
Established
of\Federal
300 North 4th
1871
St., St. Louis 2, Missouri
Members
44
wts.
stock.
100,000
units
of
preferred
transferable stock purchase
warrants
purchase an aggregate of
35,000 shares of
common
stock
(par
10c)
at
any
time
within
two
years
following
the effective date of the
registration statement at $1.25
per share
during first such year, and $1.50 during second
such
year.
The
24
41
as
1,250,000 shs.
pari
__40
_„42
$87,690
pid.
($5
♦Stock purch. warrants
♦For
:
.
serially
1, 1948-1957
Com.
6%
$87,690
are
Being
Registered
Outstdg.
mortgage—4%, due
Feb.
36
44
be
and
poration
;
34
41
to
payment for
In the event the
entire issue is not sold and
there is an insufficient
amount left on hand
from the net proceeds of
that portion of the
issue that is sold for
working capital; or In the event the
proceeds
of
the entire issue if sold is
insufficient, the company may borrow
from such sources as are
available.
-
Condition Statement of
Member Banks of
Federal Reserve System
price
payment
offered
sold.]
$10,000
$100,000
N.
50
share.
per
in
$27,500 to retire mortgage on Kernersville
plant.
[R. R. Trubey
verbally agreed to loan the
company enough
money to
pay
off
$27,500 mortgage in the event the entire
issue
(3)
13
44
Com¬
stock,
purchase
same
This
....
24
to
their
to
the
the
Money,
sell
of
cents
of
of
Finley,
5%
at
1947.
10
one
the
(4)
-
38
Markets———
P,
warrants are
sold, will
following order:
(1) Approximately $42,000 estimated as the amount ot
complete the
North
Little
Rock
factory
and
to
pay
obligations
Incurred
for
machinery and the installation thereof;
used
has
.38
Exchange—Curb Section
be
W.
one
entitled
at
shares
for
Co.,
Co.,
agreed
share,
Dec.. 31;
fee.
&
&
Moses,
will
stock
common
to
time
any
to
Schaefer
Comstock
thereto,
that Comstock
so
40,875
has also
Kahn
Mr.
37
Montreal Curb
Exchange.
Toronto Stock Exchange
may
shares;
(2)
' V-:
35
_
common
whom
70,000
35
—
Mr.
company.
shares
all
persons,
Hamilton
the
845,000
H.
Jr.
shares
and
PURPOSE—The
34
St. Louis Stock:
Exchange.l __J
San Francisco Stock
Over-the-Counter
director
sold
.
33
i
manufacturers.
and
has
following
C.
R.
Gearhart,
40,000
of
Gearhart
David
34
Philadelphia Stock Exchange
Pittsburgh Stock Exchange
Reserve Banks
4, N. Y.
Clyde
Chairman
Economic
and
per
30,875
total
a
33
Payable
Foreicrn Exchange Rates
Combined Condition Statement
Established 1922
STREET
HAnnvpr
for
firm
of
Trubey and Mrs. King, have
verbally
& Co., at their cost of
10 cents
stock
-e
_33
_
the
shares;
D.
share
Clark,
29
Detroit Stock Exchange
Los Angeles Stock
Exchange,
to
promoters:
underwriters.
Quotations
Offerings
Company
law
Research
Arkansas
Vice-President
$84,500,
9($000
Frederick
/the
Redemption Calls and Sinking Fund Notes
The Course of Bank
Clearings.
Dividends Declared and
DEPARTMENT
Midwest
the
counsel
the
direfctor
a
stockholders
a
commonly
Curb
Toronto Stock
the
Is
Norville, 25,000 shares.
The
company
proposed
to
sell, before
31, 1947, to key
employees 15,000 shares of common stock
at
per share:
to J.
T.
Zihlman, superintendent of company's
plant at Kernersville,
10,000 shares; to Buford
Petty, Chief Inspector
of
the company's
plant at Kernersville,
2,500 shares; and Millard
Whittaker, night foreman of the
company's plant at Little Rock,
2,500 shares.
Page
New York Stock
New
and
of
as
STOCK—Company
underwriters,
t
New York
of
cents
be
"■
director
Money, 90,000 shares;
M.
L.
Clark,
shares;
R.
R.
Trubey,
157,500
shares;
John
Hupe, 7,500
shares.; &.• O. Woody, 17,500
shares; A. R. Grierson, 25,006
S.
shares;
Bevelacqua., 32,500 shares; L. F. Beier, 5,000
shares; Goldie King,
75,000 shares; Frederick D.
Gearhart, Jr., 115,000 shares; and Leo
T.
10
Early
tables, chairs, sideboards,
in
general
member
Presi-:
Dec.
incorporated in Arkan¬
corporation proposes to manufacture a line
American design
of
the
Bucks
County, Pa.,
Provincial type
designed by S. Bevelacqua.
The design of the furniture has been
completed and it has been shown at
the recent Fur¬
niture
Show
in
Chicago.
The company - proposes
to ' manufacture
28 piece of a
complete line of 51 pieces in its
North
Little Rock,
Ark.
plant.
These 28
pieces being
the basic
items such
as
beds,
of
for
135,000
resources, without financial.*
exchange has not
been
madeV
earnings.—V. 166, p. 2205.
was
is
OF
Finley,
own
PROMOTION—Corporation
1947.
a
served
of
principal
considered,
of
per
furniture
is
has
Rock
President
SALE
the
accounts
General Corooration & Investment
News__Cover
State and City Bond
Municipal Bonds
BROAD
is
Bevelacqua
the
Americana Furniture, Inc.—Stocks
Offered—Gearhart
Co., Inc ; Herbert W. Schaefer &
Co., and Comstock &
Co. are offering
100,000 shares of 6% cumulative conver¬
tibility preferred stock (par $5) and
100,000 shares of
common
stock, in units of one share of each, at $5.10 per
unit.
Oct.
He
he
Little
the
a
&
sas
Co.',
and
of
and
is
Vice-Presi¬
..
;
company,
but *
remittance of current
BUSINESS &
and
Manuiacturing
is.'President
He
Corp.,
Corp.,-Connersville,'Ind.,
Leylind Manu¬
Co. located in Little
Rock, which company is
engaged in
manufacture of juvenile
1
."
The designer of the line •furniture-.",' 1
of
furniture, S. Bevelacqua, Is a regis¬
tered architect in New York
State, with a background of
European
architectural study.
He
went
into
the
furniture
and
home
fur¬
nishings field approximately 25
years ago and has served as
designer
and
merchandiser for many
leading furniture
reasonably accurate
Shanghai subsidiaries is
not
not
operating
from
President
was
Steel
the
other
subsidiaries
subsidiaries
subsidiaries are
the
manufacturing, companies.j
facturing
appropriations.
Chinese
and
Corp.
In addition, Mr;.
Trubey
director- of the Artcraft
a
Moses
Light
Co.
16,701,829
now
being shipped by
Kinney, Jr., President.
FLORIDA & NEW JERSEY
30
&
2,900,177
3,451,091
9,956,396
10,896,044
operating expenses, taxes, and
property retirement reserve
such
successful
recently.
and
Ohio.:
"."• Mr;
20,909,314
Miscellaneous Features
fo/efih/rny
Board
>
73,734,980
15,913,404
;
has concluded its most successful
year
with gross
the sale of radio
time reaching a new
peak, Mark Woods,
the network, announced
on
Dec. 19.
from
until
of
?
line
This
-
several
and
He
4,386,652
___.
company
billings
20,065,338
main
furniture
C.
Porcelain: Steel
•'
94,644,294
85,794,430
5,607,690
NOTE—Because of the economic
conditions
continuing instability of the Chinese
curr.ency,
appraisal of the financial condition of
the
no
and
V.
American
Set New
since
each
See
105,859,768
19,587,071
In This Issne ■,1''
vv;■.*
have
has
of
* 1947—12 Mos.—1946
$
25,194,761
*
dent
and
681,763
been
issued.
Up to Dec.
10
the
company
holders of an odd number of
shares' the one-half
share to which they were entitled
for $7, or sold them
one-half share
for $7, in order that
they might receive a certificate for full
company
X
1,441,653
359,553
from
The
:
a
N.
director of the Baltimore
Porcelain
dent .and director of the
Porcelain Steel.
;
shares
purchased
Co;/In^
the
In
.
developed
! 1
4,266,594
757,672
with
fractional
^
Co.
Alabama Mills,
Inc.—Fractional Shares—
In
•:
to
these
Kernersville,
received
3,836,327
2305.
p.
1948
$350,476
66,700
41,878
-
♦Includes
of
1946
Amer.
Power
income of gubs.
of
after
par
2305.
$385,850
100,946
'«<"■ V
.Vo
incidental
company expects
plant it
proposes
to
acquire
furniture will be made
entirely
maple.
The entire line will be sold
in the medium
price field. The company was
organized by R. R. Trubey of
Fremont, Ohio and
C. Hamilton
Moses of Little
Rock, Ark.
Mr. Trubey - has had
many
years'
experience
as:
a
manufacturer > and
he
has
promoted- and
problems
per
$10
4,781,681
-1,561,350
Income
oper.
166,
issues
1—
railwayrailway—.
from
these
cents
-
160,414
from
Net
payable
on
the
on
railway——
railway———
■„
share
per
both
Youngstown RR.- -Earnings—
from
from
cents
share,
Previously, distribu¬
166,
Canton
12 V2
per
1947.
34%
of
declared
22,
preferred stocks,
Dec. 22, 1947.—V.
record
November—
Gross
made
dividends
of
$1
par
Dec.
were
share
per
dividend
a
stocks,
record
convertible
holders
—V.
declared
common
holders
quarterly
respectively, were
value
Net
and
to
regular
share,
Net
have
A
1948
of
The
to
class
20,
j
less
of
and
35
Airline Foods Corp.—Halves
Common and Class A Div.
Jon.
5,299,998
Forg'n
.
cents; Oct. 20, five
cents, and Oct.
cash, at holders' option.—V. 166,
p. 2305.
.
or
28,333,450
23,033,452
revenues.'—
oper.
assistance
\
\
c
deductions
impracticable,
Quarterly Div.
a
were" as
21,
received
quarterly dividend of six cents per
stock, payable Jan. 20, 1948 to holders of
record
1948.
Payments
five
cents
have
settle¬
on
subsidiary during November, 1946.—V.
165,
Affiliated Fund,
Inc.—Declares 6-Cent
The
$2.97
,
government
the
or
to
manufacture
located in
■;
materials, a small amount of stainless clad,
to a larger
Detroit-manufacturer.—Vl 166,-
' " 1947—3 Mos.—1946
revenues..
rev.
Inc. in
$2,245,928
share
per
♦Includes
ment
equipment
in
more
MISCELLANEOUS
-
Holmes
Net
24,173
$827,955
engine
shipped
Period End. Sept. 30
-Operating
deductions
Net
Earns,
pro-,
com¬
V. ' *
Subsidiaries:,--•
$2,221,755
$1,155,186
-
propulsion
has been
2> American &
Foreign Power
'
Net
Pa.
are
2409..1,Cf" -:.V /•;/.•
p.
Subsidiary)
:
shipped now so manufacturing and sales
be developed at the time
the company
will
going to manufacturers of household
industrial products. For further research
of
jet
copper
":
$7,935,956 $41,750,180 $28,903,835
3,400,972- 17,907,726 .. J2,481,627
$5,686,129
,,,
deductions
Fed.
$10,280,024
sold
margin
misc.
Canadian
1947—3 Mos.—1946
being
INSURANCE
-
-
as
^
are
customers
Shipments
makers
Addressograph-Multigraph Corp.—Earnings— f 1
Period End. Oct. 31—
Net sales (shipments)
of
pletes its rolling mill at Carnegie,
were
2265.
p;
orders
grams
wholly-owned
operations
the
165,
its
Pilot
INDUSTRIAL
-
New York Stock
Exchange
Exchange
Chicago Bd. of Trade
Exchange Associate
St. Louis Stock
Chicago Stock Exch.
New York Curb
Phone
CEntral
Bell
7600
Teletype
SL 593
2
(42)
THE COMMERCIAL
underwriting
shall
find
warrants
The
will
to
equal
provides that in
for less
than
the
purchasers
be
sold
underwriters
entitled
an
agreement
them
to
have
purchase
of
amount
their
or
designated
the
total
warrants
Period End. Oct, 31—
Operating
issuable.—V.
$
The
Subs.)—Earnings—
$
48,647,794
741,553
9,565,095
35,727,014
8,051,460
—
1,108,048
taxes—-
I,0b2,io9
1,013,174
974,625
12,725,585
12,005,726
and
——
976,463
-
806,907
10,320,688
income
2,233,500
27,669,375
*Net
Earnings
32,214
468,983
acquis,
of
Res.
adjust.
Divs.
27,386,975
Net
from
568,652
500,511
6,395,156
6,070,870
Net
ry.
for
Undist.
net
subs,
Amer. Gas
Undist.
Net
Net
ry.
2,833,933
—V.
1,454,604
18,172,600
2,399,866
l.OOl, 3i»0
14,198,052
From
*623,138
*96,786
3,974,548
*79,158
'■
4,055,311
2,907,547
Total
Gen.
and
Int.
Federal
Divs.
&
misc
15,007,985
99 3,793
($1
14,217,618
126,500
1,449,000
Co.
2,274
24,360
1,668,767
20,081,448
27,268
468,600
44,629
48,090
520,498
134,722
89,279
842,976
—V.
60,017
720,209
1945
$545,509
51,796
47,773
166,
of
no
5,616,967
1,281,490
121,852 "'" 626,100
common
at
589,584
1,576,848
1,444,113
17,529,164
from
98,388
stock.
$8.75
share.
per
capital.
will
.,:/>"//
Gross
Foundry Co.
G.
Williams,
American
a
Type
the
President
1947
royalties
Total
Other
and
Sales
Bradford
of
Milton
Blauvelt
Comptroller.—V. 166,
Applic.
Profit
of
'
Operating
Operating
583,965
sale
on
Net
Dividends
to
Net income
•After
sale
on
per
in
and
and
$48,127
in
of
$199,250
of
taxes
undistributed
Radio
$0.61
&
payable
to
profit;:
in excess
amounted
to
income
of
of
voted
affiliate,
dividends
$86,609
in
Steel
Dec.
on
Television
Jan.
in
12
lieu
to
of
and
SEPT.
•
'
''
'
'•
25,976
ASSETS—
Cash
U.
banks
in
S.
1947
and
treasury
Notes
hand;
on
bonds
&
receivable
$2,074,491
certif.
of
indebtedness
Claim
for
tax
2,774,692
217,318
282,938
2,686,807
terminated
on
$2,572,830
2,151,123
war
contracts
.;
186,750
^
refund—
449,957
—
Inventories
—
receivable from affiliated
Investments and advances
7,672,752
6,400,649
company—
Account
303,563
324,083
4,125,953
163,669
4,125,953
163,669
4,026,672
4,700,436
-
Stock
of
Property,
Patents,
American
plant
&
Machine
equip,
&
at
licenses, development,
insurance, taxes, etc
Prepaid
—
Foundry
cost
Co
(net)
goodwill,
etc.—
;
4,427,724
'
*1,651,254
declared
1948,
the
on
payable
New
announced.
Com.
paymeqt
the
York
26,
Curb
1948
to
dividend
holders
Exchange beginning
the stock will not be
22
$25,912,568 $23,386,962
-
quoted
(Including Baltimore Coach
LIABILITIES—
Feb.
on
Accounts
Dividend
Prov.
payable
3.90%
for
liabilities
adjustments—
Common stock,
($100
—
8,ooo"6oo
8,000,000
7,175,000
„
7,000,000
760,363
5,756,464
•
—
—
•After
65,000
967,926
98,334
___________
surplus
Total
78,000
1,724,167
________
par)
(no par)—.
Capital surplus
$2,243,073
330,572
4,682,057
$25,912,568 $23,386,962
for
reserve
amortization
of
$134,769.—V.
166,
754.
p.
Operating income
Non-oper. income
Gross
■
of
Fixed
Jan.
Int.
on
Prov.
Net
—V.
A
ser.
for
:
9,
debents—
$1,239,686
1,573
515,248'
The
SEC
time to time
banks
that
later
all
financing
at
such
of
than
time
to
any
company's
■*
will
time
be
loans will
expenditures
made
not
to lend from
interest rate of 1%%
a
at
from
later
the
long-term
$2,500,000, and
American
exceed
not
Baltimore & Ohio RR.-
than
from
It
is
May
31, 1948
Kansas finances
time
basis
or
$2,500,000.
but
in
event
any
Sept. 30, 1948. It is contemplated that such
permanent
be done by Kansas not later than June
will
1948'.
Weekly Input Increased 17.7%—
For
of
the .week
this
corporation
121,000 kwh.,
p.
ended
or
Dec.
25,
amounted
17,7%,
$689,355
to
the System inputs of subsidiaries
226,847,000 kwh., an increase of
34,-
of
2657.
1946.—V.
166,
American Time Corp.,
On Dec.
shares
H.
by
26
a
Springfield, Mass.—Filing with
letter of notification
Railway, operating
revs.
26,374,158
(lc par)
filed
with
the
SEC
stock, being sold at market on behalf
Vice-President of the company.
Underwriters
Harper,
Gearhardt
com.
&
Co.,
New
York.—V.
165,
p.
for
of
25,000
fr.
rev.
ry.
opers.
Other
ry.
oper.
headed
Anaconda
Wire
capital stock
from
on
&
Cable
Dec.
1,000,000
23
approved
to
2,000,000
standing
422,470
shares
of
capital
844,940 shares without par value.
an
increase
shares
stock
and
without
in
to
the
int.
..
,"i
-
53,990,917
23,553,929
chgs.
224,574
2,381,199
198,827
1,698,031
823,571
1,522,506
26,357,708
6,223,776
to
2,346,077
32,581,484
Cr26,758
29,768
/ 638,318
on
int.
debt
funded debt
on
152,323
1,454,551
debt J.
the
immediate
dividends
surrender
of
of
payment
Feb.
11,
the
1948,
certificates
166, p. 2555.- "
1,407,227
6%
liquidating
there
Tax
14,871,490
First
Railway
mortgage
collat.
ea.
of
the
"
^
1946
1945
income
taxes
114,690
!
7,523,793
114,680,844
1
dividend
$7.21
was
has
been
cash
and
following
paid
a
to
half
a
5,570,808
4,774,143
1,771,808
95,271
10,440,222
Total
tDeficit.—V.
166,
p.
2658.
the
bale
shareholders.
of
cotton—in
sums:
Int.
on
&
Cash
$20.21
230.83
27.70
260.53
1.00
70.97
8.52
80.49
\
bond
Bkg.
Co.
12.44
116.14
46,038.00
Fin.
5,524.56
51,562.56
Corp.
Central
RR.
584.00
Cred,
Corp
above
2.0C
such
payments
bonds (and in
attached)
70
Total
$2.08'
.2.00
bonds
$17.33
103.70
Illinois
The
Cash
Allotment
$0.80
(pledgee)
RR.
on
Allotment
(pledgee)
To
1/1/48
<
Ga.
Reconst.
to
one
paying
collateral
9,481,381
4,938,600
16,191,789
.
1944
'
bonds
trust
C.R.R.
To
8,273,177
Retirement Act
Unemployment Insur. Act
per
stock,
Co.,"Inc.—Earnings—
1947
-
Consolidated Mtg. bonds
And
to
the
holders
of
,
7,061,646
a/c Railroad
Railroad
$2.20
of an order of the u. S. District Sourt
for the Southern
of
Georgia, Savannah Division, dated Dec. 23, 1947, there
paid by Merrill P. Callaway, trustee, on and after Jan.
2, 1948,
holder of each $1,000 of the
following bonds of Central of
Chattanooga Div.
The
a/c
redemption
preferred
vV.'"
Cash Paid
1,392,608
15,950,500
719,053
1,316,775
full
amounting
of
pursuance
be
the
To
108,717
636,432
income
Federal
to
their
70.08
trust
of
bonds
on
case
the
of
for
bonds
are
the
be
coupon
paying
agents
will
made
bonds
agents
either
Central
or
with
designated
Chattanooga
Broadway, New York 15, N, Y.,
Bank, 22 Bull St., Savannah, Ga.
only
654.03
7,897.57
54,832.00
'
out¬
into
for
Dec. 1945
of
Net
Excise
value
called
at
receive
accrued
share
of
1,373,849
funded
$1.41
Int. from
10,732,381
875,950
than
145,310
" $1.25
1/1/45 to
5,021,264
5,711,117
3,533,323
other
145,310
.
258.
receipts.
This was called "equalizing
liquidating dividend
("American Wool and Cotton Reporter.")—See V.
166, p. 2555.
Georgia
17,857,699
2,538,737
1,732,859
1,451,931
funded
on
166, p.
3ya%
27,150,559
2,081,392
income
U $1.71
A stock.—V.
$227,511
Central of Georgia
Ry.—Pay't Under Reorganization—
$
1,624,479
deductions
Fxd. int.
Tax
authorized
split
par
has
made
may
first
1.7
will
2,871,451
I
Total
Miscel.
'145,310
$0.97
• •
class
$203,624
26,595,581 327,438,859 279,382,571
23,724,130 273,447,942 252,232,012
1994.
Co.—Split Approved—
145,310
.
$270,642
restrictions
to the payment of dividends on the
class
A
having been satisfied the New York Stock Exchange on Dec.
directed that Exchange contracts in the class A stock
on
Dec, 26,
1947, be ex dividend of 80 cents; and that all' due-bills be
redeemed
on Dec.'
30, 1947.' See V. 166, p. 2555.
•Include:
The stockholders
be
1927,—V.
of
District
112,547
income-
1944
.
stock
$1,651,019
288,809
income
,1945
24,
582,000
5,170,698
2,687,950
•Railway tax accrualsEquipment rents (net)_
Jt. facility rents
(net)_
'
1946
Capital Administration Co., Ltd.—Class A Dividend-
/'./■
$
Richard
are
on
/
Net
A.
will
per¬
Charter
1947—11 Mos.—1946
$
31,544,856
exps.
operating
,
Conting.
was
Month—1946
Railway
Fixed
SEC—
1947-
!•
$162,142
;
share
com.
mortgage
each
No.
i, ';A •
Earnings—
$
Net
1947,
the corresponding week
over
Period End. Nov. 30—
and
Ltd.—Earnings.
warehouse
27,284
-
proposal
an
borrow
will
be repaid
on
at
Subsidiary—
taxes_^_
outstanding.-
upon
The
For
fn
time will not exceed
time to
one
loans
such
Its "construction
not
from
which
sums
that
approved
Kansas Gas & Electric Co.
proposes
proposed
and
to
19
sums which at any one
per annum,
Kan-as
Dec.
on
heads
.
534,198
-
■
^
American Power & Light Co.—Loan
to
Inc.,
"
$1,400. - ; t$2,441. /./$3,548
/■ ; $2,677
charges and ordinary taxes, but before Federal income taxes.
tAfter setting up a reserve of
$40,000 against an investment in a
mining lease.—V. 166, p. 2100.
" ;■'.V.'
v:" /
\
$2,794,501
,: 35,084
51,174
$174,659
Co.,
Andrew
•After
60,246
$93,767
&
Secretary,
r.-T"
—
$2,734,255
48,173
97,000:
income
Blair
Works.
Miller,
department
Callaway Mills, La Grangej
Ga.—Liquidating Dividend
$1,191,513
166, p. 2410.
all
of
Iron
R.
$2,241,653 $21,345,904 $20,199,608
'V/:'
'•
1.^'-
1947
all
Quarter End. Sept. 30—,
•Profit
Co.
$324,406
after
Callahan Zinc-Lead
dividend
4,248
contingencies-
and
$2,388,249
Sept. 30—
-
plus
series
1948, it is
v;.'-.'•'.--(■V:-;;;..
stock
$320,158
7,370
49,010
Basin
George
•
15,
record
a
brice,
per
4,358
$150,147
charges
Vice-President
Atlantic
and
■
dividends
will
share,
17vW
of
Jan.
ex
r
$145,788
—
income
-
company has called for redemption on Feb.
11, next, at $110
share and dividends, all of its
outstanding shares of 6% preferred'
stock, series of 1927.
Payment will be made at the American Trust
Co., 464 California St., San
Francisco, Calif.
v
1947—Month—1946
1947—10 Mos.—1946
$2,018,809
$2,109,387 $19,117,664 $20,139,403
—1,694,600
1,558,402
16,069,798
14,782,625
: 178,421
230,827
1,856,353
' 2,622,523
Taxes
$2,418,574
stock payable Oct. 15, 1947
State & other taxes etc. (net)
post-war
preferred stock
cum.
Earned
accrued
pfd.
on
for Fed.,
Reserves
and
of
com¬
family
per
15,
VV
'A
r
revenues-—
expenses
Moran
The
V"-
Baltimore Transit Co.—Earnings—
Operating
Operating
and
California Oregon Power Co.—Calls
6% Stock—
was
Period End. Oct. 31—
Total
conversion
the
1947—Month—1946
1947—10 Mos.—1946
$8,021,786
$7,372,862 $76,733,693 $63,805,680
5,633,5375,131,203
55,387,789
43,606,072
—_
company
first
ment
:
V
acquired Atlantic
ship
redemption on Feb. 1, next, $20,000
bonds, due 1970, at 102(4 and interest.
Pay¬
the City Bank Farmers Trust
Co., trustee,
William St., New York, N. Y.—V.
165, p. 935.
•:/ •
of
,
139,111
has
by
Brooklyn Borough Gas Co.—Partial
Redemption-
additional share of $1
par common
for each four shares
held,
which dividend has been
declared payable on or about Jan.:
26, 1948, to
holders of record Jan.
17, 1948, the Curb Exchange also announced.—
V. 166, p. 1042.
one
23,
and
founded
''/'/■'•A
Manufacturing COo inc.—Eaniings^-v
per
•After
company's
Stock Dividend—
cash
a
repair
was
'
their
etc
and
shs.
*Earn.
3,771,803
;
Until further notice
of
Jan.
ex
It
Dec.
on
msjor
positions,
2207.
profit
Holders
quoted
of
10-Cent Dividend—//•
p.
Brillo
1
389,009
166,
charges
Products, Inc.—Stock Distribution—
be
properties
1890.
Manager,
revenue
Net
19
will
the
director
continue
expenses,
3,656,016
'
stock
common
share
1,715,850
——
Accounts receivable
Claims
The
1946
about
those
68,028
3,707,289
1,787,716
on
announced
area.
earnings
—V.
3,026,858
"•
66,113
332,093:
Co.—Ruling
ore
contract.,
the
Pennsylvania Shipyards, Inc.,
as
its
Beaumont, Tex., yards.
The price
shipyard has six ways.—V.
166, p. 1783.
The
President
fill
will
Net
Crl35,716 Cr6,627,415 Cr4,468,935
29.i. This
'
•
profit-sharing
purchased
plant
York
a
elected
to
9 Mos. End.
1,573,711
cash payment after
consideration of
position.
'
in
Oper.
declared a dividend of one share
of Majestic
Corp. for each share of Automatic stock
held,
stockholders of record Dec.
Baldwin Rubber
30
capacity of the milling
he declared.
ore,
chrome-bearing
Brazilian Traction, Light & Power
Co.,
2,722,944
!.
SHEET
will
that
directors on Dec. 23 declared
a
dividend of 10 cents per share
the capital stock, payab'e Feb.
16, 1948 to holders of record Jan.
.2,
A
similar distribution- was
made on Feb.
15,
1947, while on
Feb. 15, 1946 a dividend of
20 cents was paid.—V.
166, p. 2554.
'
two
2,166,614
.
•
BALANCE
of
<0re
added
treated.
The
been
<■■■
a
capital
a
the
tons
of
He
has
1948:
\}J,
9,200,000
..
CONSOLIDATED
-
i
Quarterly distributions of 10 cents each were
made
May 15 and Aug. 15, 1946; none since.--V.
166, p. 2410.
'
received
1947
1946.
in
Automatic
the1
daily
on
10,149,802
; 4,400,000
2,010,059
311,879
The directors
New
General
,
To Pay
1947—11 Mos.—1946
2410.
p.
expand
4,000
said.
be
ore
tons
Corp.—Acquisition—
has
the
Period End. Oct. 31—
12,940,325
126,737.
29,213
income
166,
the
been
The
$599,822
-
applicable
net
Co.,
income
:- ; 1
..
facil.
325,342
will
of
400
S.
.
Vice-President
as
•.
...
Cr250,000
CY290.995
daily
to
of
tons
Hausserman
ore
under
—
400
employment with the company.
the present time the Atlantic
Basin company is
reconditioning the
Brazil for the account of
the U. S. Maritime
Commission, which
ship will be operated by the
Moore-McCormack Lines, Inc. as a
luxury
liner.
It .is also
reconditioning the U. S. Army transports Goethals
and Gibbons for
Army passenger use.
Founders, Inc.,
Elizabeth,
N.
J.,-has
"
700,000
t
rate
Inc.
this company
properties
General Man¬
and
At
S.
11,027,781 115,692,201 114,297,605
* 9,140,975 102,751,876
104,147,803
375,439
pre¬
v
of
additional
an
Mr.
of
operating
Steel
Crofoot,
sonnel
••
149,470
mill,
corporation, it was
Works, one of
continue
Type
1,886,806
income-
oper.
:
in
Machinery
other
joint
daily
operation
ordered
Iron
Sperbeiv
indebtedness
Comptroller, of the
Mr.-Goger had
1,224,909
—
working
equity
Cigar
included
1947
buildings.
NOTE—Company's
International
130,000
stock
$1,457,941
share———$1.45
common
land
234,000
<g
10,144,276
8,919,367
2306
p.
Co., Inc.—Acquires Iron Works—
associates
has
$729,822
stock
common
•/
income
Net
f—V.
$1,691,941
.
Fixed and conting. chgs.
*597^750
■;
*.;
revenues___
and
ry.
Other
321,742
buildings-———
>
(
Miscel. .deductions
'317,285
adjusts,
••
^
166,
President
,'
:
,
days
tons
been revealed.
J.
RR.—Earnings—
—,——
Net
19,361
434,695
—'
surplus——.
available to
deduction
of
&
earned
oper.
Equipt.
$744,726
525,343
post-war
preferred
on
Net income
$2,054,229
:
•...
the
is
23.
few
been
operate
Gross
expenses-—-.
Taxes
414,455
—
—
land
of
income
Net
for
The
Secu¬
and
2306.
p.
1947—Month—1946
revenues
rents
355,879
^4-
•
taxes-.
res.
was
Period End. Nov. 30—
$330,271
—-
income
income
retire
Blauvelt
Goger as
Comptroller
<
1947.-—V.
the
''
on,
.r-'*-""''y:""-/--'--;"'1'";'
Corp.,
T.
J.
the
to
j
$1,698,350
———
——:
corporate taxes
to
a
panies, in
SEC
/
American
Founders
election
director,
1946
609,137
—
profit
Federal
used
3.1,
Hausserman,
plant
a
Mines
Blair &
Basin
'■•/x
of
Mr.
(& Subs.)—Earns.
Sept. 30—
income
be
16,079,880
$17,946,209 $10,801,199
Cost of sales & expenses, excluding taxes——
16,247,859
10,470,928
Other
'
//.;v..
notification, with the
Underwriter,''"Pacific" Coast
Proceeds
15,
'•
reduce the arrearage
"
Phoenix, Ariz.—Files
of
Jan.
.,
Split-Up—
295,164.—V.
letter
a
Pfd.
share
per
its ' gold
W.
Dec.
1,200
corporation
wi'l
has not
sinking fund debenture's and 2,000 shares
The debentures will be
sold' at $1,000 and
Atlantic Coast Line
Machine &
days
Bethlehem
The
626,413
.
outstanding common
161, p. 762;
to
assistant
$17,337,072 $10,217,234
Rentals and
.
.
at
Francisco.
working
announced
and
com.
Ended
5,466,692
1,327,123
5,497,975
558,103
$6.25
payable
^Since the recovery of the Benguet properties from the Japanese,
the
company has spent about
$5,000,000 in readying the mines for
large scale production, Mr.
Hausserman said.—V. 165, p. 1584.
140,316
52,388
1,393,929
value
par
on
through
30
Consolidated
and
stockholders
for
and
719,885
•
,
Months
9
V
John
within
The, company
58,239
7,003,959
income
Dec.
crushing
and
going
within
$531,188
-ATF, Inc.—Officials Promoted— J
2409.
p.
i
1944
151,500
1,7934
2305.
p.
Edward
1,396,809
•
.
——
American
2554.
p.
initial
Equipment has
120,250
of
stock,
six-yeai; lapse due to the
Japanese invasion,
mining and milling operations on
announced
The
started,
be
conting.—V-..166,
1946
income
Co., San
and
844,050
60,017
taxes—
for
..
•
$2.19
.
1—
common
rities
19,373,519
332,895
.deducts.-
earned
stock
$1.52./'.
$520,734
companies.
Bal.
»?>..:•'-.f? •"«"
$637,557
-
$14
Philippines,
ager,
39,155
1,845,747
29,530
net-/
stock-.
$540,503!$922,770
'V''
1947.
i^is ^ivi^end is to
as of
(to
resumed
the
in
1 1944 (. '
RR.—Earnings—
railway
railway
par)
the
760,200
~
1,706
___
exps.,
pfd.
1,619,151
—
income
on
2,467,179
income—
taxes
$4.98
The company on Dec. 23
filed
for $100,000 of 6%
convertible
City
El.
$15.39
Arizona Welding Equipment
Co.,
With SEC—
(as
consol
income
on
a
has
and
Co.
From Scranton
Other
1945
stk.
29,
Participating
on
dividend
Benguet Consolidated
Mining Co.—Resumes—
7/'.'
30
on
shares
Co.:
subs,
Electric
SEPT
194S
2,600,256
*623,138
From Atlantic
ENDED
Dec.
a
preferred
distribu¬
30, •1947.".
the annual meeting to be
held on Jan. ll' will
approving a proposal to split-up the
capital stock on a threefor-one basis, which would
increase the number of
vote
of
——
Electric
Exchange
SAid
ex
Dec.
1947
oper.
166,
The
16,001,530
13,401,274
Income of American Gas
&
be
on
"■ ferred stock
2,833,933
Elec. Co.:
&
1947,
that
After
MONTHS
1947
railway
from
460,138
1,776,718
——
income
net
above)
299,249
com.
income
26,
redeemable
declared
participating
.
Appleton Co.—Plans Three-for-One Stock
stocks
consol.
Dec.
Corp.—$6.25
Dec." 18
<m
.a^e outstanding
1"48 to ho;ders of
record
23.
$2,100,301
from
299,243
437,427
1,593,225
__—-——j-
common
on
Gross
24,937
49,500
236,161
dire®bPrs
?
share
•
directed
$6,492,996
1,
railway
Jan.
24,937
236,161
24
for Federal income taxes and
oper.
From
48,745
—-—
stocks
earned
stocks
Divs,
128,028
deducts.-
Dec.
Bankers Securities
5
from
28,138,359
income
pfd.
on
Bal.
and
on
Monday, January 5,; 1948
'
w
on
NINE
Sept. 30—
1947!
23,
Dec.
on
were
November—
electric .pit.
net
FOR
cap.
prov.
2,265,714
for debt ret.
Other int.
shs.
*After
409,974
funded debt-
stock
due-bills
share
per
421,981
received
Exchange
income
2,655,213
on
of
all
26,977,001
82,819
Spec. chgs.
Amortiz.
that
Dec.
8,791,100
2,572,394
—-
income
Interest
capital
RESULT^
Gross
Gross
the
record
was
Stock
Ann Arbor
income
share of
approval
9 Months Ended
11,986,817
10,771,921
150,342
tax_
additional
York
in
i
911,539
Operating
tion;
$
3,474,597
profits
Other taxes
New
contracts
1947-rl2 Mos—1946
$
CHRONICLE
to
holders of each
Stockholders'
4,630,166
income
to
1678.
p.
amendment
102,455,655
_—
excess
Other
166,
be
purchase
may
120,934,265
Depreciation
Federal
to
persons
9,244,355
—
Maintenance
Fed.
a
the
11,260,767
revenues
Operation
on
as
1947—-Month—1946
Consol.—
An
FINANCIAL
the
certificate of
incorporation was filed -on
Dec.i23, 1947, pursuant to which each share of
capital stock, of no
par value, was changed
into two shares of capital
stock, of no par
value, by the distribution on Dec. 23, 1947, of one
units, that
pro-rata basis.
underwriter
American Gas & Electric Co. (&
Subsidiaries
underwriters
100,000
designees
Each
the
event
entire
themselves
warrants.
the
the
&
62,731.57
upon
all
Hanover
Citizens
&
unpaid
for
Division
presentation
such
bonds
Bank
&
coupons
issue.
and
the
Trust
Co.,
Southern
National
The paying agents for the first
mortgage bonds and the consolidated
mortgage bonds are either Bankers Trust Co., 16 Wall
St., New York
Y., or Liberty National Bank & Trust Co. of
Savannah, 2 West
Broughton St., Savannah, Ga.—V. 166, p. 2307.
15, N.
,
Volume 167
Number 4661
J
;to'tov:to>to.,,
THE COMMERCIAL &
FINANCIAL
CHRONICLE
(43)
M.)Castle & Co.—Earnings—
J
'
:
(Including Wholly-Owned Subsidiary).
Period End. Sept. 30—
•Net
profit
Capital
outstdg.__
Common
shares
per
•After
taxes
$4.02
$4.99
and
charges.—V.
Illinois
Public
3,580,948
3,580,948
$3,400,417
3,580,948
$0.26
$1.45
$0.95
Dec.
on
27
the
granted
$10,000,000
first
-Bond
Issue
application
will
of
the
bonds,
be
series
received
at
B,
recently
stock
common
and
Halsey,
bonds
w.ill
authorized
to
Stuart
be
&
used
facilities.—V.
its
of
Co.
to
Middle
166,
Inc.
Proceeds
additions
2658.
p.
of
(CST)
to.
sale
of
End. Sept. 30—
Operating
Oper.
revenues
&
expenses
Net
Other
income
t Gross
•
-to
——
Consolidated
-V.
1,140,154
net
inc.
$2,880,284
3,513,248
$2,292,887
Central States Electric Corp.—Court
tlement—
hearing
will
be
held
the
U.
S.
Jan. .7 to
on
District
consider
Jr.,
has
been
1948
to
succeed
31
under
service
with
the
15,
1946
elected
Vice
B.
Mr.
ry.
1947
1946
per
$1,167,342
Blue
Ridge
from
railway.14,072,171
Net;, from railway. -JJd
2,391,697
10,388,592
10,685,492
1,142,280
2,999,951
1,678,644
Net'ry;:oper.
income-,.-
Jan.
•460,248
and
Cities
trustees
have
Estern
made
District
of
Ridge
the
application
-Virginia,
place above stated,
asserted
Blue
to
which
approve
68,746
Gross
should
have
an
this
approve
,;
.
(-Including
•
Sept.-30«V
•Net profit
Common shares oOtstdg.:
Earns, per common shr.
•Includes
realized
■
Federal
profits
Ltd.,
income
District
heard
Court
at
the
ry.
for
of
to
settlement.—V.
be
heard
166,
to
as
whether
Federal
firming
to
newly
the
ENDED
SfePT. 30,
—
—
;
—
Frofit after chargesFederal income taxes.
$1,270,346
"
335,320
Before
in
335,320
$2.37
to
nounced
of
335,320
$9.04
foreign
Edward
A.
Conger
reorganization
officers
plan
and
G.-'button,
Leon
the
Frank,
Kenneth
23
signed
and
Chairman;
La
Barr
transactions
the
in
the
February.—V.
166,
stock
new
consummation
of
be
which
Earnings
share—
per
Income
Mr.
—
«,
from
Net
will
\Chavannes
Industrial
Offered—
Stock
to!•
•
:*.>/*•''to
Synthetics, Inc.,
—V.
Jersey to City—
of
reconversion
per
;
Trust
Co.,
15
y'A capitalization
\
totototo''toto.toto!..'.'to to',-to
Preferred stock
to V-.;.
Net
•To
v
stock
;
;
■
to
;
secret
processes
and
and.other
formulae,
patents,
York)
not
voting stock
assets have been
which
less
patent
than
$31,000.
agreements,
accruing
secret
licensed, under
company,
all
of
whose
under
valued
of
by
the
the
board
Corp.
which
various
have
principal
of
directors
been
and
assigned
benefit
non-exclusive
While
will
be
contract
no
the
has
the
royalties;
been
made
inventions.,
to
,
■
;
PURPOSE—Research and patent
expenses;
'machine-shop machinery and equipment;
purchase
and
In
affiliated
corporations;
purposes.
and
working
to-
capital
Period End. Sept. 30—
Net
loss
Capital
Earns,
(
per
share
Nil
•Includes $111,740 federal
also
includes
$356,629
period...
$401,208
nine
in
dividends
the
general
dividend
months
received
periods.—V.
Commercial
William Dana
and
from
165;
35,068,830
1,082,575
(&
1947—9 Mos.—1946
433,444
$1.71
on
combined
*
$0.18
$0.38;-
and
credit
in
Parmelee
$89,157
sale
on
Parmelee
in
of
both
periods and
Transportation
the
three
Transportation
of
months
capital assets
Co.
in
and
the
69.
Chronicle
of
has
$4.50
shares:?- The
Dec.
26
decided
preferred
U.
S.
Patent
Office)
Mr.
White
will
Inc.—V.
k.
to 'the,
decision
to
SEC.
of
cancel
by
for
Dec.
The
the
two
as
directors
30
First
Bank
announced
National
of
the
that
Bank
and
years
23A%
is
per
Revised
its
existing credit
Boston, the Bank
Company, to provide
of
Manhattan
with
with Serge
Boston, the
$6,000,000
additional
an
at
the
rate
for
annum
of
2Va%
three
&
kilowatt
announced
Southern
hour
output
approved
Holding
of
in
notice
plan
a
Dec.
on
dealings
of
13
the
that
"to
Corp.—Weekly Output—•
of
electric
that
Act
of
energy
New
stock
Securities
of
to
the
York
of
&
subsidiaries
Curb
this
Exchange
company fol¬
Commission
Exchange
Section
1935.
with
company
the
common
the
filed pursuant
Company
the
A
to
and
Pursuant
The
11
(e)
plan
common
of
the
provides
stockholders
Public
for
to
the
fund
have
in
the
plan
continued
•
office; of
J.
-
Current
sinking
5%
mortgage
hausted,
4 V2 %
at
sinking
of
105
*
will
&
:
respect
C,
that
April 1,
Net
of
taxes
,9,270,000
4,540,000
*
192,156
135,493
•On
.to Net profit toto-toto- —to $12,854,333
Class A dividends—
$7,444,110
450,000
Bal.
for-com.
Earned
of
per
share—to
Surplus for .the
amounted
..
.
$3.04 to.
stock
common
to
-
for
_
the
nine
$7,192,651
4,113,665
months ended Sept. 30,
1946.—V.
Number
of
fEarned
per
•After
com.)
shares
William
expenses
B.
-
com.--share;-
shares
Earns,
and
173,253
-
Federal
p.
1887.
$4.86
1946
$1,129,780
130,055
A
&
b
372,939
$855,381
$626,786
270,000
270,000
80,000
80,000
$2.44
$1.79
_'
shares_;
2182.
p.
(& Subs.)-
Sept. 27,'47
v
Sept. 28,'46 Sept. 27,'47 Sept. 28,'46
—$$394,577
outstdg
277,500
share.
com.
charges
and
,to
.$$398,894
.
"
t$l,148,606.to
t$902,169
277,500
277,500
277,500
$1.44
-
$4.13
$3.25
$1.42
Federal
-Earnings—
—9 Months Ended—
taxes.
tAfter
in the
$375,000
1946
contingency
period.
tAfter
account
of
the
,
$1.75
$1.69
ended
share
on
Sept.
the
31
announced
900,000 kwh. for the corresponding
Local
distribution
with
an
This
share
Dec.
on
that
of
electricity
191,700.000
increase
of
kwh.
for
week of
amounted
th"
for
output
the
an
with
increase
201,500,000
corresponding
week
of
week
compared
1946,
to
Inc.—6utput—
System
(electricity-* generated and purchased)
28,
1947, amounted to 217,900,000 kwh.,
pared
30,
common
Class A stock.
company
tricity
Dec.
of
kwh.,
of
last
elec-'
ended!
204,6.3%.
com¬
year1,
nine
for
the
5.1%—V.
166,
p.
2659.
Consolidated Steel Corp.—Court to Review Case—
The
$980,730
$983,425
175,979
176,705
$4.84
Columbia
$987,562
174,686
$4.87
$4.84
tAfter
U.
S.
Supreme
Government's
class
A
The
attempt
Steel
Co.,
a
Court
to
will
block
United
hear
the
States
argument and
rule
on
the
purchase of this corporation by
Steel Corp. affiliate.
Court on Dec. 22 agreed to review a Delaware
District Court
dismissing the Government's anti-trust suit against Consoli¬
Columbia and United States Steel Corp.
decision
dated,
dividend
The
-
Government
substantial
maintains- that
competition
in
the
sale
the
of
purchase
both
would
fabricated
"eliminate
and
rolled
Dana
End't0[,rnS„?UWn?w
fluctuations
in
the
rates
of
exchange,
remittance
for
foreign
subscriptions and
re¬
$125,-
to
Consolidated Edison Co. of New
York,
1944
income taxes,
New
plan.
Subs.)—
147,534
-
1947 period and $225,000 in the
contingency reserve.—V. 166, p. 1576.
000
4,113,665
1945
-
per
•After
serve
450,000
1946
$971,763
'
(&
1947
—3 Months Ended—
.
profit
166, p. 1991.
1947
in
said
on
$1,501,408
participating basis.—V. 160,
Com.
Coca-Cola International
Corp.—EarningsQuarter End. Sept. 30—
•Net profit —to——:
Inc.
■
—
outstanding—.
outstanding
class
per
to
$6,955,790
months
a
House
(EST)
$7,405,790
$1.70
$23,810,416, equal to $5.79
'
:
'
The
shares $12,504,333
$6,994,110
shares r
4,113,665:
4,113,665
com.
Industries,
30—
Consolidated Cigar Corp.
130,281
$7,642,651
450,000
450,000
Court
ex¬
these
10,932,000
97,636
hearing
S.
a.m.
498,492
shares
•Net
5,613,000
U.
10:30
first
1948.—V. 166, p. 52.
'
Minority interest
Number
B
•Earnings
(& Subs.)---Earnings—
:_w
the
at
Chemical
1—v
shares
Period—
to Coca-Cola Co.
1948
taxes
A
Class
first
been
bonds
in
19,
Ended Sept.
profit
Class
toto Quarter Ended Sept. 30—
1947
1946
'7
1945
1944
Gross earnings '
$36,322,687 $23,322,142 $24,609,887 $30,187,791
Net after
expenses, etc.
22,416.489
i2,119,603
13,353,287
18,468,071
Income
Months
Income
trustee,
having
no
Court
the
Jan.
profit to.—1.———
Depreciation
;
:
company's
and of its
B,
U.
ah
Operating
'
the
series
notified
on
of ;
series
bonds,
are
redemption
Incorporated,
■
before
Consolidated
3
r
-
held
an-
market
1, next, out of
mortgage 5Va% sinking
interest.
Payment will be
Co.,
bonds,
gold
bonds
2659;;;
the
Dec.
filed
was
April
on
■
in
166,. .p.
the
has
Conn., on
165, p. 2663.
pre¬
proposal
in
be
dated
Haven,
—V.
first
and
,
gold
fund
such
the
.
Co.—Partial Redemption
of
Morgan
v
moneys
been drawn for
of
of
of
S. District Court for the
Distric*
15,
1947, the Securities and
Exchange
application in said Court to enforce
and
carry out the terms and provisions, of a
plan for the liquidation and
dissolution of this
company, approved by the Commission.
A
254,989
number
conditions
redemption
P.
sinking .'fund
holders
have
fund
refunding
equal
to'totov to.;toto'.
reached," the company
was
unsettled
$57,600
St., New York, N. Y.
mortgage
series
for
sinking fund,
bonds,
series A,,
the
at
Wall
drawn
the
gold
made
been
for
an
withdrawal
Cleveland Union Terminals
monies
23
plans
issuing
order
an
on^Mondayto^^Other
On
the
receive
Plan—
on
to
Connecticut
Salle
NOTE:
per
years.—V.
Company, Publishers, 25 Park Place, New York 8, N: Y., REctor 2-9570.
Herbert D
President; William D. Riggs, Business ManagerPublished
twice*
Manager.; ^Published_twice- a ^week Levery Thursday (general news ana aaverusing issue
a week
whu
St., Chicago 3, 111.
(general_ news oand^advertising ^uel^wKh^^statistical issue
(Telephone State 0613); 1 Drapers'; Gardens, London, [every_Thursday
E. C., England
as
c/o Edwards & Smith.
r '
second-class matter
ter February
Copyright 1\by-WiU:1am B. Dana C<impany.
25, 1942, at the post office at New York, N.
:Reelntered
Y., under the Act of March 3r. 1879.
American Union, $35.00
Subscriptions in United States, U. S.
per
Possessions, Territories and Members of Panyear;
in Dominion of Canada, $38.00 per
year:
Other Countries,
$42 00 per year.
Seibert,
ert,
of
1991.
p.
-Vtototo
Hearing
$2.09
class
.■•'to.tototo^iVtoto;. to.v
withdraw
"because
si There
1
executive
White.
continue
166,
borrowing is $9,000,000
standby basis.
Interest
a
receipt
dissolution
of
to
stock
request
requirements—V.- 166,
(Reg.
Frank
nothing in the liquidation.-
1252.
p.
after all charges, taxes and
dividends, on the
compares with
$17,375,785, or $4.22 a common
433,444
Nil
-
was
Utility
94,423,741
3,542,633
stock
Subs.)—Earns.
by
and
of
fixed
on
suspended
has
.'t$79,633
from
Financial
:
104,778,283
2,892,353
$0.64
V..
tBased
high-grade* utility preferred stocks."—V.
1947
•$58,164
profit
p.
-/
433,444*
period
includes $230,250
corporate
t$162,977:
carry-over
received
nine months
tProfit;
The
tax
laboratory
investments
......
1947—3 Mos.—1946
•$148,520
433,444
—
shrs;. outstdg.—(
of
;
Checker Cab Manufacturing
Corp.
v
for
'
.
of
increase
and
System,
on
with
weekly
lowing
1947—9 Mos.- -1946
1,088,534
<
shares.-r-V.' dL66,
company
The
..
licensing
by Mr. Chavannes to
therefrom
•
who
President
1,288,401
for
at
company with regard to any other,
possible future inventions of
his, he intends to offer appropriate terms
to the
company for acquisition by it, of
any such future inventions,
and has given the
company h.is assurances to that effect.
None of
the proceeds of this
offering, however, are to be utilized to
acquire
any such
.
3 Mos.—1946
400,000
nuonced,
aforesaid
exclusive
such
It
has
400,000
sent
(New
and
processes
agreements.
Mr.' Chavannes and
the
between
Chavannes-American
inventions, patents,
formulae, and any improve¬
which may
subsequently be developed by Mr.
Chavannes,
applications,
ments therein
have been
Most
of
an¬
Wal-
Chairman
$0.42
1,288,401
.■
.
,
and
850,000
$0.33
400,000
-
inventions,
applications, royalty
patent
will become
continues
as
chief
of this
corporation adjusted to show
general business conditions of
territory served
for
the
week
ended
Dec.
25,
1947, amounted to
301,933,275 as compared with
251,427,058 for the
corresponding week
in 1946, an increase of
50,506,217 or 20.097c.—'V. 166, p. 2659.
$415,846
850,000
1,288.401
ferred
pledged
is
p.
The
156,098'
400,000
■The
the
which
as
President
1938,
?}
Earnings—
shs.
shares
on
contractual-rights accruing to him on or after Jan.
1, 1948',
outstanding stock of United Plastics
Industries, Inc.,
for payment of the aforesaid
obligation of $25,000,
one-half the
one-half
Wallerstein,
Commonwealth
^Cleveland Electric Illuminating Co.—Cancels
Refund¬
ing Plans—.
29,900 shs.
704,650 shs.
issuance at par, for
investment,
to Marc A.
Chavannes, its .president, and organizer, of
600,000 shares
;of common stock, and of payment bv the
company to.an associate of
Mr. Chavannes in United
Plastics
Industries, Inc. (Del.) (of which the
company owns one-half the
outstanding stock) of $25,000 in monthly in¬
stalments of $1,000
each, commencing on or before Dec.
1, 1947, in
pursuance of
preliminary contractual arrangements made
prior to the
organization of the
company,., for exploitation
of the
foreign rights
Mr. Chavannes'
inventions, Mr. Chavannes has transferred to the
company all of
his right, title and interest in
certain
of
Commission
be
Delaware
since
company
Vice
now
and
fdr
$352,711
$344,633
—
>37,344,523
profit ;L—j£i_—'^r
common
^Outstanding
1,000,000 shs.
'to',-;
v
1576.
Oct. 5,'46
'
'outstanding- toJ 1,288,401
tEarnings- per .share—_to ;v.
$0.64
•After charges and income taxes,
to'-toto:tov!-to
outstanding at completion of this
financing.
CORPORATION—The corporation was
organized
in
Nov. 6, 1947..;. In consideration of the
5,523,895
■
•"
't
>
Oct. 4,'47
::
—
1947
sales.
•Net
Place,- Jersey
Authorized
75,000 shs.
,
Common
Exchange
'•; v v *
the
Wallerstein
America,
available
$
•
2,705,904
Connecticut Gas & Coke Securities
Co.—Off List—
Com.
-
of
corporation
amount
Court
166, p. 1576.
Period End:Oct; 31—
cumulative
Agent—Corporation
2,320,688
additional
Cr219,232
—
Ciass.A7shs,.oUtstanding^;--
City, n. J. '
'?
208,614
working capital, has been revised.
toto Under the terms of the revised
agreement, negotiated
Semenenko, Vice-President of Th First National Bank
R.
sometime
177,369
share
common
Field,
Buck,
the
reserve
by
.1. Transfer
14,458,018
4,681,924
15,644,700
1,334,200
10,140,866
Columbia Pictures Corp.—Credit
Agreement
The
the
John
$522,002
two
/
C.
and
Co.—Earnings—
*
:
the public of 29,900
units, each such unit comprising
convertible preferred stock (par
$9.50)-.and
shares of common stock
(par lc) at $10 per unit,
is-being made
Donald S. Farrington, Hotel
Chelsea, New York.!.
share
296,753
Inc., a wholly-owned subsidiary on Dec. 26
changes effective Jan. 5, 1948. Edward
Broadcasting
166,
-City Stores Co. (& Subs.)
:,yAn offering to
tone
274,925
•
11,328,204
2,099,437
553,952
succeeded
is
Mr.
annum
income—
Earnings
'*1
ito
-
612,724
•lg.ses
2308.
p.
Mr.
be
White
Both
of
C.
Grover
expected
—
No. common shares
$3.14
-to*='•}••'
'
.
537,877
157,122
Treasurer of Columbia Broad¬
casting System, Inc., with which he
became associated as
Treasurer 1n
1937.
He is also
presently a Vice President and director of
Columbia
Records, Inc., and a director of Broadcast Music
Inc.
2417.
p.
taxes—
Trans,
130,000
p. 2101.
1944
$1,719,263
executive
arrangement
effected
is
—
,—V., 166,.
1945
$1,378,577
160,849
Broadcasting System, Inc.—New President
board.
officer,
is
con¬
approving
Edward
and
can
the plan
order
an
company and
of directors.
board
Everett
are:
Dec.
on
of
the
Sixteen Weeks Ended—>.>
after charges
1.
$408,206
——
1946
$1,010,653
,,
income—
two
the
$2.53
subsidiaries,
in
Profit
1947
—
Ry.—Earnings—
341,246
railway
lerstein, President
t$3,552,156 $$1,370,030
335,320
sales
Cincinnati Milling Machine
660,206
....
$0.80
1784.
p.
$1,247,155
railway——_
Columbia Records,
;
"
1947—9 Mos.—1946
$970,136
$3.27
on
0
subsidiary
officers
must'order
Court
252,000
Net profit
Capital shares outstanding—.
166,
.
"
■
Vice-Presidents; Peter F. Fuchs, Secretary-Treasurer,
Murphy, Assistant Secretary-Treasurer.
$8,194,071
—
Judge
the
President;
and
Subs.)—Earnings—
EARNINGS FOR THE NINE MONTHS
$1.13
share
charges.—V.
•Deficit.—V. 166,
etc.
tExcludes $224,502 dividends received
prior years by Canadian Pneumatic Tool
Co.,
not consolidated.
tAfter
writing off
on:> account of strikes.—V.
166, p. 1148.
appointed
The-new
2416.
p.
1946
$1,025,126
1,126,975
Childs Co., New York—Plan
Confirmed—
claims
the
both
1947
oper.
Columbia
The
time
compromise
1947
of Records Unit—
Subsidiaries)
taxes,
earned
expenese
Domestic
1947—3 Mos.—1946'
profits
wholly-owned
all
corporations, American
securityholders of Central
hearing,
opportunity
Chamberlin Co. of America (&
Net sales
S.
be
cash.
for
$1,397,904
1,126,775
outstanding
and
Columbia
the
paying
.in
$2.60
$282,574
Subs.)—Earnings—
1—•-
froiji
from
Net
12,429,012
4,018,794
2,370,898'
Chicago Pneumatic Tool Co.—Earnings—
:
its subsidiary
and
will
U.
will
$500,000
settlement and
a
against Central States by
Blue Ridge.
At
this
Cities
States
the
to
of
sum
$6.97
of
•Deficit.—V, 166, p. 2416.
trustees'
by
and
$1.01
income
.
Net
270,883
1947—9 Mos.—1946
30—
from
From
From Jan.-1—V-'V...
Gross
Central States have entered into an
agreement with
American Cities for the settlement
of the claims of
and Blue Ridge
against Central States
Cities
Sept.
railway—
Net from
railway
Net ry. oper.
income—.
$1,000,347
186,241
164,589
•30,741
trustees of
American
$2.50
non-recurring
Colorado & Southern
Gross
$823,046
156,256
91,392
454,102
•
report
and request for leave to settle and
compromise certain claims asserted
against the corporation by Blue
Ridge Corp. and American Cities Power
Light Corp. '■
'
to.toto.
'
to''to to-to tototo-V
American
757,218
share-
common
taxes
&
I to The
shares-
com.
shares
•After
1944
246,653
_
income—to
£20,293
income
Earnings
on
1945
-
1945
£32,765
field
$7,184,633 $24,974,996 $19,708,386
767,451
•5,280,295
1,964,994
757,218
757,218
757,213
Colorado Fuel & Iron
Corp. (&
.Richmond,
'plan after
joined the C. & O.
to President-Personnel.—V.
166, p. 2556.
;■
railway—
railway
oper.
from
for
per
Quarter Ended
President-Personnel,
70, of
retirement
Hook
$1,483,361
c
from
from
Net
Set¬
on
",to '
1946
.
and
$3.32
Parrish,
company's
railway.
Assistant
as
common
giving effect to
periods.—V. 166, p. 1576.
•Net
John
the
$7,962,462
•1,895,360
•After
32,578,444
26,518,923
Common
Dec.
Gross
$6,630,056
Court
the
$4.24
1,
after
before
of-Virginia
$0.22
of
Earned
Elected—
Hook,
Period End.
Hearing
1
,
A
Eastern District
$0.32
retired
Net
3,462,760
$7,065,305
166, p. 1351.
R.
Jan.
November—
1
1947—9 Mos.—1946
1,133,559
Official
production
1947—3 Mos.—1946
income
13,994,238
Chicago Indianapolis & Louisville
Ry.—Earnings—
$3,426,446 $10,578,553 $10,092,816
'
1,769,525
13,221,915
/
sales
Net
November—
\to/;to;?
$4,020,438
-~
to_to
3,324,608
20,607,677
18,094,565
40,484,342
33,712,020
who
July
$3,407,717 $10,496,369 $10,015,424
18,730
82,184 to'"-' 77,392
from, Gross.
Net
to uts
33,733
income
Deductions
income
$3,986,705
(net)_,
-T
-l
taxes
income—.
oper.
.232,123
1,370;565
2,368,602
share.
com.
Period End. Aug. 31—
$
19,903,805 285,819,864 224,283,828
1,561,435
1,758,314
years'
46
$14,699,597 $13,178,440 $40,838,711 $37,907,937
10,712,892
9,770,723
30,342,342
27,892,514
—
$
No.
taxes—
1947
£80,885
Colonial Mills, Inc.—Earnings—
1947—11 Mos.—1946
capital stock after merger.-
effective
Subs.)—Earnigns—
1947—3 Mos.—1946
to;
Ltd.—Earnings—
June 30—
—
depreciation, drilling,
3
expenses, etc:, bub
before depletioh and
subject to Venezuelan income tax.—V.
166, p. 2417.
2,588,101
per
$0.82
Ended
—
•After
1576.
p.
Months
•Profit
462,665
$2.18
$
27,696,489
income-
oper.
3
Subs.)—Earnings—
inc.
income
Va.,
stock
extensions
166,
.
-
the
and
•
Central & South West
Corp. (&
Period
ry.
Charles
company
to sell 430,000 shares
sole stockholders, the Middle West
finance
$
railway taxes..—
New
1977.
a.m.
profs,
$382,427
NOTE—Above; is consolidated income account statement of The
Chesapeake & Ohio Ry. Co. and Pere Marquette
Ry. Co. and, earnings
share on
v
:
exc.
per
the
two
taxes.—V.
1947—Month—1946
——_
Canadian
Oct. 7,'45
«
sell
-
..
and
due
office
.
Corp.
to
company
Drive, Chicago, up to 11:30
plant
&
Other
Ap-
5.
SEC
par)
&
Net
Co.-
mortgage
purchase of -the bonds
Service Co., 20 N. Wacker
($10
income
S.
Net
1352.
Service
for
Jan.
Gross
U.
1947—9 Mos.—1946
$5,197,934
p.
Federkl
and
Period End. Nov. 30—
':1 ■'
•v'
.$933,648
166,
charges
Oct. 6,'46
$5.53
—
Chesapeake & Ohio Ry. (&
(& Subs.)—Earnings—
$0.57
outstanding——
Colon Development
Co.,
>
$1,010,809
462,665
$2,559,183
462,665
—
share to——i
per
•After
»
SEC
The
;
Earnings
Earns,
competitively
on
$1.52
3,580,948.;
share—
proved—
Bids
240,000
1947—3 Mos.—1946
Oct. 5,'47
J.—
—-u—
240,000
$2,063,100
outstdg.
com.
Central
West
•Net profit
Capital shares
$1,198,023
,V 240,000
$1.27
C. I. T. Financial Corp.
The
40 Weeks Ended—
»
,
charges and Federal taxes.—-V. 166, p. 1575.
Period End. Sept. 30—
•Net profit
Earns,
$964,702
Chesapeake Corp. of Virginia—Earnings—
?
»
•.
1947—9 Mos.—1946
$364,286
-
240,000
share
per
■''After
$305,079
.
_
shrs.
Earnings
1947—3 Mos.—1946-
i
..
<
advertisements
must
be
made
in
New
York
funds.
4
steel products."
It charges
sale of these products
attempt to monopolize thp manufacture
11 western and southwestern States.
an
and
in
Del., handed
had violated
Government's
Richard S. Rodney on Nov, .7 in Wilmington,
down
his decision ru.ing that none of the defendants
the Sherman Act and that there was no basis to the
Judge
Case.—'V.
COMMERCIAL
THE
(44)
166, p,
947.'
'•'♦
»
12 Mos. Ended
Profit
before
$3,100,000 for
ederal income
.
inventory
—
taxes———
to
the
Net
$1,000,000
Pittsburgh;
,'t
in
" "
'
_•
reserve
1,000,000
-
:
•
'
y
CONSOLIDATED INCOME ACCOUNT
-*
Quarter Ended Sept. 30—
before
Profit
$91,375
___•_
216,183
-•
____"
.
$467,619
67,736
taxes
Income taxes
profit
'Preferred dividends
Bal.
shares
300,000
562,500
562,500
$10,285,846
$4,730,233
3,157,731
2,862,381
$6,950,294
2,856,631
$3.26
common
$1.65
Dr.
.
Net
No.
of
$5
—---I——
preferred
shares
—
—V.
166, p.
___-
salaried
with
favor
Norris
The vote
company.
third
reported that business
of this year than in the
quarter
2309.
p.
237,991 shares in
was
President,
Wright,
the
.
.
loss
—_i
-
Coosa
The
and
company
operate,
filed
The
company
share,
a
or
about
at
a
received
and
amounts
and
sold
already
&
major tentative allocation of the proceeds follows: Mill buildings
$5,448,722,
pulp
mill
equipment
$7,145,261,
paper
mill equipment
acquisition of timberland
' •
: *'
■
in
1935.
profit
of capital
No.
/
30—
0
company's
shares..
Earned per share
•After charges and
-
,
——
operates
and'
under
Diamonds
sales.
losses
Credit
between
v
side
The
and
to
.
..
the
the
are
before
1%
of
annual
federal income
—
taxes
The
—
——
*Loss.
Cash
1947
■
566,088
'\"y
•
,
$0.55
——
to
-
■
-r'-"
v
•.
;
"V-
31,
in
and
rose
$810,285
(Including
9 Months Ended
<■
Net
Wholly-Owned
interest,
Federal
income
Income
tax
taxes
credit
*1946
5,003,744
3,259,640
1,913,567
Cr2,918
'1,575,120
Cr346,998
$3,093,095
603,895
$4.44
—.
.__
adjustment
$2,031,519
603,895
.
$2.68
.
-
—
"
Net
profit
Common
Earns,
shares
per
common
•Revised
1946.—V.
outstanding™—-™—
share——
basis
on
166,
Federal
of
4
income
tax
provision
made
for
Years Ended Sept. 30—
income
1,289,338
$180,209
-
1946
$318,063
499,419
$0.55
516,351
$0.34
outstanding.———
share-
common
30,254,275
34,920,707
97,722
132,115
1,326,490
$9,639,411 $13,769,968 $12,583,695
2,229,182
4,208,606
2,963,643
$7,410,229
$9,561,361
89,620,051
1,031,250
1,031,250
1,375,000 \
1,375,000
6,458,484
6,996,691
7,427,256
7,427,256
t;
have
been
mortgage
called
4%
will
for
redemption
sinking
be
made
fund
at
due
branch
Bank,
Jan.
on
bonds
any
excepted) of The Dominion
Royal Bank of Canada.
30,
1951
Bank
Trust
Co.,
cipal
Ltd.,
20
King
plus
amount,
bonds.—V.
and
165,
Street
East,
interest
accrued
and
Terri¬
The
and
Montreal
of
inter¬
(Yukon
•
336.
p.
$316,000
next,
100
at
Canada
in
Immediate payment of the called bonds will be made
,
the
at
the National
Canada, of" the prin¬
of surrender of such
Toronto,
to
date
'i
r
,
Ekco Products Co.
;
"
shs.
per
•After
.
For
of
.
'
outstanding-
the
this
week
kwh,,
Dec.
of
year
oper¬
Federal
490,691
290,023
',
V
;;
input of subsidiaries,
an increase of 13,-
kwh.,
corresponding
week
of
1946*
STATEMENT '
INCOME
was
127,605,541
56,019,339
50,114,380
2,049,348
8,566,611
1,917,808
3,151,953
14,354,791
8,753,826
2,568,287
11,612,606
11,008,297
—
•••••••
•
2,897,742
of
of
reSi
—
utility plant
adjusts.—
Net
2,600,000
„
256,958
214,132
4,035,018
17,860,505
16,558,676
8,288,232
5,852,556
32,725,213
27,714l$45
86,210
retire.
lease
86,143
347,140
8,202,022
5,766,413
32,378,073
214,132
4,262,190
f
depl.
&
operating
for
64,240
& deprec.
approp.
Rent
8,641,585
taxes
revs
of
plants
(net)
Operating income
344,894
27,369,751'
*
Other
income
53,270
664,296
674,695
8,248,086
5,819,683
33,042,369
28,044.446
3,416,794
1,487,375
8,450,609
6,785,674
4,831,292
400,387
4,332,308
24,591,760
1,601,544
21,185,575
220,733
178,343
1,150,797
991,551
3,753,578
21,839,419
18,587,996
3,753,578
21,839,419
1,487
18,587,996
1,451
3,755,029
21,840,906
18,593,577
(net)—
46,064
"
'
Gross
Net
income
int.
to
_______
public
and
deductions
other
FINANCING
$
12,764,278
2,204,408
lieu
Property
h
1947—12 Mos.—1946
S
141,396,023
acquisition
-
;
30,635,572
income
on
these
*.
>
"
14,429,858
taxes
Amortiz.
Pa.
...
$3.13^
;
.
;1
: 1
" "*
the System
59,468,000
the
V
Maintenance:
throughout
PRESENT
$2.11
$1.22
1947—3 Mos.—1946
Operation
in
,
787,500
34,064,478
revenues
Chgs.
TO
,
"V
$2,587,329
800,000
2557.
p.
1947,
Subsidiaries—
Operating
308,034
,
,
166,
to
over
taxes
EFFECT
25,
amounted
28.2%,
or
Period End. Oct. 31—
\M,
.
.
Other
Greensburg,
Jri
ended
corporation
115,000
CONSOLIDATED
have
out¬
business
this
increased
$0.68;
'
^
chargesx—V.
1947-^9 Mos.—1946
787,500
"
corporation as of March 31, 1947
of Sept. 30. 1947 was $180,290.
GIVING
and
•.»'«
$1,002,272 .,$1,891,110
800,000
share__
com.
taxes
Mos.—1946
$610,686 '
.
Electric Power & Light Corp.—Weekly Input—
v
to
194*7—3
•
profit
cost
each
(& Subs.)—Earnings—
Period End. Sept. 30—
•Net
Com.
Trans,
year
Authorized
($i
Outstanding
500,000 shs.
1
213,000 shs.
franchise
to
Balance
•Pfd.
The
v
Feb.
20,
Company
after
open
bank
a
National
Chase
from
will
Bank,
New
Dr73,197
res.
Feb. 20,
1948,
and if
that with the bank.
AGENT—The
TRANSFER
so,
York.
Registrar,
;
transfer
Corporation
2556.
'
Net
The
Net
subs.—cons.
of
4,210,172
equity
Other
above)_
(as
4,210,172
income
1945
$146,316
442.439
$0.23
through
1962,
New
way,.
operation
Marine
The
at
called for
$39,000 of 3%%
interest
and
Midland
York, N.
of
the
Trust
Y.—V.
Fed.
Co.
of
■<"
.
V
Int.
Prov.
1.498
•245
412
Cr5,290
7,712
5,360
34,724
84,027
deduction
.
5,581
than
132,673
762,340
208,000
157,000
744,428
320,000
3,910,036
3,459,751
20,297,916
17,707,617
Expenses
fund.
Payment will be made
New York,
trustee, 120 Broad-,
3393.
p.
other
taxes
Other taxes
sinking
165,
4,210,187
income
redemption on Feb. 1, next, at 101%
sinking fund"'debentures due Febr'l,
has
1,606,028
"
i
Packing Corp.—Partial Redemption—
company
■?
in
Elec. Pwr. & Lt. Corp.—
National Bank,.New York.—V.
166,
Chase
Co.,
.''v.
equity of corp.
inc.
\
Trust
400,387
'
.
;
agent,
V.,
.
keep
to
_________
,
diVids. • to
public
applic. to minority
Port,
this line of credit ;
anticipates no difficulty
in
desire
probably
for
arranging
p.
loan
the amount of $50,000.
The company's note is payable
1948 and provides for interest at the
rate. of 3'/2%
per
annum.
New
has
company
in
York,
ffV
1947
——>
shares
Common
as
and
.
$9,541,689 $12,443,477 $12,451,579
pfd. stk.
1J54.
Payment
.245,245
have
N'.,
par)—-
stock
Deerfield
Earnings per
;.
$9,722,453
Total
Crown Drug Co.—Earnings—
•Net
Y.,
y
....
2556.
p.
the
and
N.
CAPITALIZATION,
-
Common
$59,956,582 $45,677,693
etc.—
Olean,
V'."'-
1947
Sept. 30—
—_
after
business
of
$172,599
1947—12 Mos.—1946
$31,850,597 $47,364,184 $42,705,855
;
Domestic Subsidiaries)
sales
Profit
.
r
and
purposes.
~
Seal Co., Inc.—Earnings—
be
$1.83
22,308,908
tory
the company from the
sale of common stock being presently
offered will be approximately
$202,000, if all of the shares are sold.
The company will add the
total
net
proceeds to working capital and use them for corporate
from
Crown Cork &
est.
PURPOSE—The net proceeds to be received by
was in government securities.
Total current assets
$3,112,483 to $3,856,666, an increase of $744,183, while cur¬
rent liabilities increased only $372,820 from $1,120,269 to $1,493,089
as of Oct. 31,
1947.—V. 166, p. 1992, 1785.
cash
worth
net
to
Hornell
government securities, which were $666,184 as of July
$1,384,854 as of Oct. 31, 1947, of which $574,569 was
and
rose
——
*$363,613
566,088
Nil
$309,563
..—
•
New
^
,
For ,the 16 months' period, June 1, 1946 to Sept. 30,. 19.47, the net
profit. of the corporation was $80,450.43 belore Federal income taxes. >
J The company's six stores are located in Watertown, Geneva, Corning,
certified
Net profit
Capital shares outstanding
Earnings per > share ■.
;
171,945
the
291,481
$1.78
(T.) Eaton Realty Co., Ltd.—Partial Redemption—
80,443
1942
of
534,262
26,884,746
stock
p.
$197,166
54,344
profits
1st
cum.
Earn,
143,563
—
1946
$7,154,918
346,138
1947—j Mos.—1£4S
$36,607,199
___
deducts.
income--
$63,526
1939
1941
years.
245,150
—
of
for
sales
51,879
net
Sept. 30—
$7,528,384
of first
business
1947_—
*$363,613
.
the
sales
1940—_—
The
*
615,534
•—
♦
revenue-
Common
/
1938
1946
and
1665.
p.
xii,
——
income
5%
ation:
Not stated
First
2102.
p.
1947
taxes..
and
income
—V.. 166,
corpo¬
a
,goid-iilled
intends
company
1937—_____
taxes
in
and
.
annual
gross
$20,414
the
Dallas,
at
166,
Dividends—
of all goods
continue to
'.
n
i
business which this company
was only $3,000 and, during its
The
gross
without
^
the
Chicago—Acquired—
income
There
expansion was accomplished without
borrowing money.
'
.s,
this
and
and
plant
new
capital.—V.
Corp.. uv-ivw.—v.
Net
..
operates
now
its
working
$11,011,791
deducts.—
3,483,407
50% / of
1947."
and
mounted
following
complete
Total
Vv'C
jewelry
sliverware,
instal-
Iron*
with
$1,000,000 loan
a
shares
rev.
other
Gross
six retail jewelry stores
principal office in Olean,
name
of Dee Stores, Inc.
V
such as diamonds, well-known
the
monthly
money
Dallas, Texas.
retire
to
Co.,
charges
revenues
oper.
Total
of
credit basis.
averaged less than
have
financing
to
added
the
the
Offered—The
retail
or
operation,
of
years
steadily
be
$2,000,000 first
a
equal
the
are
-
plan
1935
succeeded
Dallas;
to
approved
in. 240
borrowing
2303.
p.
oper.
166,
its
instalment or credit selling.
original 1935 investment in the
The
used
18
payable
share-
per
Net
6,
for
1978.—V.
incorporated
a
items
watches,
American
approximately
instalment
the
sold
Crosley Motors, Inc.—Earnings—
Profit
(EST) Jan.
York,
partnership
on
with
promote
70.
1947
Total
the inception of the business which the- company now carries
the instalment or credit plan basis of selling has been used with
success".
Approximately 75%
of company's sales are. currently made'
12
$5,485,894
554,713
■
was
a
41,657
3 Mos. Ended Oct. 31—
due
Dec.
on
3%%.,
ivxaiiuiucturing
common
166,
Since
>
Federal taxes, but before depletion.—V. 165, p.
New
1,904,088
Bwiuesne Light Co.—Earnings—
on,
on
at
Rubber
Period End.
.-■y/',
chain
operates, a
general jewelry
Swiss
and
in
after
Operating
principal jewelry items sold by-,
the
sales
are
of diamonds.
It buys loose stones and individual mountings and these stones
are.
set
by skilled craftsmen.
Watches, silverware, gold-filled and other
jewelry and small appliances make up the remaining 50% of. the-
1945
$441,526
564,928
$0.78
1946
$655,585
564,928
$1.16
1947
$793,252
564,928
$1.40
>
-
—
noon
series
-
carried
Pennsylvania
store
sell
' v;.;'■
successively
and
jewelry.
later
Months Ended Sept.
of
company
'*
*/'■'
an
option to purchase from
the government about
615 acres of land in Talladega County, Ala.,
on the east bank of the Coosa River adjacent
to the government-owned
Alabama Ordinance Works plant.
This site is about 40 miles south¬
east of Birmingham.
! ;
'.'".-Iv'-v
Copper Range Co.—Earnings—
12
St.,
bonds,
V-.;
\
Company,
stores
other
The company has, entered into a contract with Kimberly-Claxk Corp.
which the latter will supervise construction of the. .proposed
9
had
Each
Y.
The
brands
under
•Net
to
up
Wall
1
BUSINESS—Company
as the successor
to
1946,
York
New
N.
plant and manage its operations.
Last October
the company
exercised
-
21,
_
•
•
Co.,
mortgage
Olean, N. Y.—Shares
;'
•
AND
which
since
Co., Inc., Atlanta Journal Co., Chat-:
tanooga
Constitution Publishing Co., Courier
Journal and Louisville
Times Co., General
Newspapers, Inc., Miami
Herald Publishing Co.,
Nashville Banner Publishing Co., News and
Observer
Publishing Co.; Inc., Oklahoma Publishing Co.," Richmond v
Newspapers, Inc., Tennessean Newspapers, Inc., and the Times-Picayune
1
Trust
1st
Stores, Inc.,
May
ration
News Co., Advertiser
News-Free
Press Co.,
*
—V.
Co., Inc., and Otto Fuerst & Co., New York, at $3 per
York
working
Publishing Co.
by. the company
Irving
f
COMPANY
capital $1,275,000 and
contingencies $4,270,305.
The company stated it believes the funds from sale of stock and
bonds will be sufficient to complete the project.
The founders of the enterprise include Kimberly-Clark Corp., Bir¬
mingham
of
$8,000,000
share,
The
$1,433,667,
of
Earned
prospectus permitting the sale of 90,000 shares of com¬
mon stock (par $1) became effective Jan. 2.
The offering
of the stock is expected this week by Willis E. Burnside
promoters.
$5,429,719, other plant equipment $3,589,047,
of
Dee
from "
be received
to
received
2556.
p.
'
be
office
the
at
purchase
al§o
stock
from
subscribers
will
3,183,403
1,345,332
'■'*!
'
$7,335,965
profit
,
2956.
p.
2,556,294r
sales
of
164,
.
3 Months Ended Aug. 31—
Net
Dayton Power & Light Co.—Bids for Purchase of Bds.
Bids
for. the
$38,400.
meeting
presently issued.—V.
in Alabama on March 18, 1946, to build
manufacture of newsprint from southern
statement with the SEC Dec. 23 covering
($50 par) common stock,
V
plans to sell the stock directly to the public at $50
total of $11,941,450 exclusive of expenses estimated
company
special
meeting
a
be
will
oue.,er
Net
stockholders was to be held Jan. 2 to vote
on the consolidation of the Cuneo Printing Industries, Inc., a controlled
real
estate
subsidiary, into the parent company.
The merger p an
will increase outstanding common stock to 958,000 shares from 893,000
contemplates sale of $16,000,000 4% first mort¬
gage bonds., The company expects to receive approximately $32,000,000
to
carry
out its proposed enterprise.
This amount will be evenly
dividend between sales of bonds and stock.
The latter incudes funds
The
,
2,967,675
1,678,339
4,957,635
•
Duplan Corp.—Earnings—
;
19356—-,. 194356—
A
registration
shares
238,829
Bank
Dryden
tBased on 893,120 common shares,
capital assets.-
8,241,356
V 2,715,621
—
issue,
remainder
No.
organized
mill
a
a
$2.30
share—
common
charges and Federal taxes.
Proposed Consolidation—
,
SEC—
With
per
•After
893,120
outstanding
ilncludes $883,427 profit on sale of
Shares of
238,829
Co.—Files
Newsprint
River
shares
Earnings
267.
giving effect to Federal tax refund.—V. 166, p.
Common
pine,
:
bond
proceeds will
See
16 1°46
'"1945
$2,131,091 *$1,885,254
835,120
357,246
$2.32
t$2.04
"1347
$2,109,515
income
Common
Subsidiaries)
.>
1947 -v-,
1946
$54,779
$535,838
(Including Wholly-Owned
Quarter Ended July 31—
•After
•Net
was about 10%
second.—V. 166,
>,-;■/
.y.
Continental Motors Corp.—Earnings—
•Net
$0.79
subsidiaries)
owned
197,397
?
-
Inc.—Earnings—
wholly
66,467
7,745,345
,
9,019,700
The
The
Nine Months Ended Sept. 30—
recrement pian ror xml-time
a
.272,823
204,072
11,850,415
company
contemplates
Southwestern Life Insurance Co. in
the
24 538
N.
in
better
$0.07
ments.
National
Co.—Retirement Plan—
1 i approvea
the
of
employees
316,283
"
:
1944
$713,481
161,813
Pepper Co.—Bond Issue Approved—
mortgage
$251,436
>313,682
____
(Including
Continental-Diamond Fibre
.
$23,639
1681
Cuneo Press,
The stockholders on
,_1—L—_■•
-
Earnings per $5 pfd. share
2308.
p.
profit
$2.43
outstanding
Earnings per common share
—V. .166,
$7,250,294
$5,292,733
$10,848,346.
—
—
for
available
Common
——_
1945
$625,273
1—
.
The stockholders at
Net
-
1946
1947
,
from
railwayNet from railway
Net ry. oper. income.
—V.} 166, p. 2309.
ff
1946
$856,441
317,989
—
From Jan.
Gross
"• • *
\
:
-
" • •• •
RR,—Earnings—
1947
-from
railway$1,030,774 ,r
from railway—- —374,826
ry.' oper. income. —.
228,704
Net
the Pittsburgh area; and
Philadelphia / and Pitts¬
in
warehouses
new
••'< •-••;•:
'.
*.
for
Works,
Works
Spring
new
investments
Gross
1945
$20,655,216
5,381,296
453,095
7,023,626
6,301,780
•
.
facilities at the Park
new
additions
burgh.
$22,563,634 $11,239,205
5,413,508
5,493,377
depl. etc.;---
depletion
&
1946
1947
Sept. 30—
deprec.,
Depreciation
:
.
Detroit Toledo & Ironton
November-
it is announced, is spending-$20,000,000 for new mill
installations at its largest plant at Midland, Pa.; $1,000,000 to expand
the
agricultural
implement
steel
plant, also
located
at Midland;
company,
additional
(& Subs.)—Earnings—.
Monday, January 5, 1948
Crucible Steel Co. of America—Expansions->'
The
for
Continental Can Co., Inc.
FINANCIAL; CHRONICLE
&
Fed., taxes
for
543,170
539
inc.
irom
income
27,541
•
on
;.
♦.•After taxes and charges.—V. i66, p. 2417.
Delaware & Hudson RR.
(& Subs.)—Earnings
Crown fZellerbach Corp.
■
November—
from
Gross
(Including Canadian subsidiaries)
f,
1947
5 Ended Oct. 31~6 Months El
discounts,
returns,
of
net
Net
from
Net
1946
'
.
outward freight, etc. J—'.
$74,211,648 $59,457,830
Other oper. inc., net, excl. of deduc. for deprec.
244,910
166,040
Sales,
ry.
from
Fibreboard
Products
Total
Inc.__—
—
—
Cost of goods
sold
:___
Operating expenses
Depreciation and amortization
Depletion
234,465
234,465
$74,691,023 $59,858,335
49,622,324
—_
—___
2,085,438
426,159
415,231
"
:
40,609,960
11,350,982
6,361,377
5,477,146
3,775,272
42,511,988
5,480,352
2,672,008
46,614,759
11,994,928
8,081,431
2309.
Delaware
&
Western
RR.—Equipment
Profit
U. S.
notes
expenses,
before
taxes
& Canadian
Profit after
144,121
on
taxes
taxes
on
Minority stockholders'
income
on
in
earnings,
cipally Pacific Mills, Limited.
$9,848,024
4,040,477
$9,676,875
income.—
equity
$15,761,971
6,085,096
—
income.
77~288
Int.
—V.
$1,600,000
income
for
Common shares
Earnings
ner
—V. 166, p.
the
period
outstanding
"nmmon
_.
share..
1353.
—v:
has
issued
invitations for bids to be
trust certificates.
The
than
• •
r
taxes
from
inc.
.
$3,042,284 $13,203,042 $11,376,592
15
1,451
"
'
1,487
$3,043,735 $13,204,529
5,581-
$11,382,173
V
'
■,
5,360
1,498
34,724
Cr5,290
27,541
132,673
412
762,340
543,170
245
"
7,712
•
84,027
_____________
deduc.
; ' ' If '
"
$3,738,954
other
taxes
1
,j
">
•
—539
$5,807,547
8
prin¬
108,976
66,922
$9,567,899
$5,740,625
166,
p.
2,527,046
$3.40
2,480,649
$1.89
of
equipment
2309.
•
-
Detroit Edison Co.—Invitation for Bids for Stock—
American
Net
,
v-'
1947—12 Mos.—1946
.
$3,738,939
income
considered Jan.
certificates will
be dated Jan. 15, 1948, and are to mature in 20 semi-annual instal-v
ments from July 15, 1948, to Jan. 15, 1958.
Proceeds will finance.not
more
than 75%
of the cost of equipment estimated at $2,150,000.—
company
for
:
_____
Expenses
The
99,799
banks.
payable to
net of other income
1947—3 Mos.—1946
,
subs.—
from
Other
V.
Interest on
Other
inc.
r\
.
INCOME OF COMPANY ALONE
consolidated
Other
Financing—
'
•/.
Total
Lackawanna
—
requirements applicable to respective periods whether
unearned.,. .1..-■
or
Period End. Oct. 31—
Gross
48,563,232
railwayincome™
p.
■
surplus
dividend
*Full
earned
Fed.
5,398,939
2,169,011
.___;
•
$4,014,293
888,412690,369
1—
railway
oper.
1G6,
Balance,
$3,944,375
42,033,415
6,467,638
v——
from
ry.
469,744
income—
$3,406,410
693,743..,.
660,997
330,976
400,678
•
1944
1945
1946
■
951,355.
; From Jan.
Gross from
—V.
Corp.—Earnings—
railways
oper.
Net
1947
-
$4,642,965:
allowances,
Net
Dividends
-
railway
450,000
to
Light & Traction Co. is inviting bids for the purchase of
outstanding shares of capital stock of the company belonging
Bids will be received by American at Room 1730, 165
American.
Broadway,
166,
p.
New
2556.
York. 6,
N.
Y.,
up
to
11-a.m.
(EST)
Jan.i;6.—V.
Prov.
Fed.
for
taxes
i._
income '
Net
income
166,
on
p.
—
2660.
157,000
208,000
$3,438,803
744,428
320,000
$2,748,457 $11,661,539 $10,496,213
'
Electrolux Corp.- -Earnings—
Period End. Sept. 30—
•Net
Earns,
per
•After
1947—3 Mos.—1946
1947—9 Mos.—1946
$891,705
profit
Com. shares outstanding
com.
shar<>_
$847,514
$2,987,354
$2,184,329
1,230,500
1,237,500
1,230,500
1,237,500
$0.68
$2 "3
$1.76
$0.73
:•
'
charges and Federal income taxes.—V.
166, p. 1049.
Co
Electric
Paso
El
Number 4661
167
Volume
revenues "
-Earnings—
$431,121-
...
j--
•..w
uiiw—
Maintenance
franchise-
20,492
44,000
of
*7."Net" open
460,2oO
406,742
$111,565
»/-:•
$1,225,560
Interest and
3,232
Dr2,531
$1,337,125
v
-
i
charge
It.oUO'V, ;;-17,028
'180,462
V
12,613
•
19,837
123,492
$1,017,364
"
Stock
Co.—Preference
Elliott
"
,
;
;
the
Wertheim & Co. headed
stockholders of .1,034,518
to
stock
$3
at
corporation
share.'
a
subscribed
issue of Dec. 29, F. Eberhardt & Co., Inc., on Dec.
publicly offered 60,000 shares of 5%% convertible
cumulative preference stock at par ($50) and dividends.
our
The
company's
$53.50
at
share
per
share
thereafter through
after,
in
each
Jan.
plus
case
1,
1,
Entitled
annually
the
tc
the
preceding
fiscal
year
other
subject
lesser
board of
directors,
Erunner,
166,
to
HISTORY
(i)
$60,000
(ii)
or
deducting
aiter
1955,
6%
AND
sylvania and is
at
$52
fund
for
preference
turbochargers
for
a-
...
.
purchased
variety
of
ernment;
utilities,
and
power
The
by
the
and
during and
company's backlog of orders at
$29,000,000 spread over all types of
Nov.
1,
The
demand
is
occasioned
by
programs,
plants,
process
diesel
the
$7,039,000
of
for
steel
,
diesel
.
contracts,
by
recovery
degree
on
of
CAPITALIZATION GIVING
■
have
EFFECT
stock
($10
par)
♦Represents loans
TO
amended,
and
to
up
Bankers
are
renewable
but
to
$500,000
and
must
6-months
tDoes
not
at
including
be
paid
intervals
include
tJncludes
160,000
convertible
be
any
added
to
option
1951,
1,
1948
on
the
are
general
by
demand
a
to
be
preference
new
drive
As
of
Bank
note
reserved
est mated
of
Nov.
28,
$2,796,500.
the
The
LISTING
will
Company agrees that at the request
for the listing of its 5 Vz % convertible
apply
stock
on
the
New
change.
X;X
York
'V
Sotck
Exchange
AX
OF
9 Mos. End.
.Purchase discts., royalty,
interest, etc., income
-1-1—1
Total
Cost
of
products
Selling
'
&
Prov. for
a
cumula-
in
Income
before
income
Net
.
6%
136,175
11~056
$1,630,030
♦$682,289
$980,030
—
...
dividends:
(ret'red
1944)
(retired
1944)
cumul.
pfd.
1945)
Common
166.
109~816
$2,086,375
Net
after
Fed.
160,825
(re¬
&
Can.
2-for-i
from
A'-v
Net
*74", 344
99,656
•
Radio
and
,_r
♦Transfer
from
Net
amounted
the
sales
nine
165,
Operating
$0.39 r?
the State
i
of
Dec.
on
1,
amended
plan
coming
assets
279,568
a
-164,040
101,995
Net
retail
plant'reconversion.
$15,345,359,
1947,
1946,
and
V
I
and $19,448,830 for
1945, respectively.
"
hearings will begin
dissolution
on
the
of
Jan.
166,
sales
before
Stores, Inc.
(&
for
the
and
Net
taxes
prof, applic.
int.
in
Net
to
$
per
4,961,434
ingly
the
166,
17,491,258
1,986,503
7,193,830
74,097
285,804
10,712,566
136,648
136,652
546,604
546,608
3,211,496
2,764,182
9,465,020
2,359,284
2,341,325
2,359,284
share—
$1.36
$1.18
$4.01
of
was
that
acquired
store
of
as
July
included
are
"
2418.
regular quarterly
cash
dividend of 25 cents per share.
was
deCiared on Dec. 18,
payable Jan. 15 to stockholders of record
Jan. 5.
Tarrant
service
'
/
-
31,
only
1947,
from
10,165,958
2,341,325
$4.34
and
Manufacturing Co.
date.—
*•
(&
;
!
Subs.)—Earns.
the Nine Months Ended Sept. 30,
&
Capital
-
shares
Earnings
per
—V.
p.
166,
•
1947
$6,650,257
1,630,003
—
•
„
—
outstanding.—
share
948.
,
it
always
not
ts
alphabetical
exact
as
alphabetical
near
"
Corp.
(&
Subs.)
-Earnings—
30—
1947
.•
117,159
$3,657,323
——
$1,052,135
"•'•''42,571 •'*
$1,940,752
share—$6.16
outstanding
shares
Sept.
provision
$100,000
share
the
and
for
the
with
Sept.
income
This
$398,693
J'
•
Stock
Dec.
on
cumulative
approved
stock,
of
stock
common
Stock
the
common
and that
—V.
Gabriel
of
Exchange
stock
record
Dec.
Dec.
on
Jan.
on
26
12,
from
the
70,000
stock,
common
22,
1947.
directed
redeemed
on
Exchange
:
a
1947—3 Mos.—1946
.a"
1948.
;
$274,588
299,129
324,249
$0.14
$0.71
Earnings per com. share
charges and Federal
taxes.—V.
■
1947—9 Mos.—1946
$56,232
$0.23
shares outstdg. A.
14,
A '; a
$87,766
324,249
-
stock
ex-said
Jan.
a,",,..[a-,,
Co.—Earnings—
profit
that
1948 shall be
all due-bills must be
Period End. Sept. 30—
®After
value,
par
2557.
p.
increase
to
proposal
a
$100
1,500,000 shares to 3,000,000 shares.,
a tsplit-up of the common stock will be effected by the
6, 1948 of one additional share of common stock
distribution,
166,
2102.
p.
.
Increased—
22
preferred
York
in
166,
•
Split-Up of Common Stock
—
Jan.
on
share
to
equal
$1.26 per
was
or
from
two-for-one
New
amounted
1946.—V.
30,
$2.14
1947.
30,
net
contingencies.
compared
ended
quarter
Sept.
1947,
30,
100,000 shares, and to increase the authorized
each
for
$673,648
-
ended
for
"23,337
'355,100
1,374,000
—-
—300,000
314,861
value,
par
1946
$934,976
77,326
Machinery Corp.
$237,036
299,129
$0.68
166, p. 1787.
•
,
.
Gamble-Skogmo,
Inc.—Loan
Placed
Privately—The
company, selling merchandise at retail in more than 500
branch stores and at wholesale to over 1,700 indepen¬
dently-owned dealer stores, has effected a 20-year 3 *4%
of $13,000000 from the Equitable Life Assurance
Society of the United States, it was announced Dec. 30.
The loan is due Dec. 1, 1967, and has an annual sinking
fund of $675,000 beginning in 1950.
,'
666,164
The
new
and
—
$963,839
531,060
—
:
:
$1.82
term
loan
will
constitute
the
sole
funded
debt
of
the
com¬
subsidiaries.
Consolidated net working capital of about
Nov. 30, 1947, not including investments in stocks of
other companies, was increased to about $27,800,000 as a result of the
pany
its
$20,400,000
at
loan, after giving effect to prior redemption of all the previously out¬
standing funded debt.
Company was founded in 1928, three years after B. C. Gamble and
P. W. Skogmo opened their first auto supply store in St. Cloud, Minn.
The, company originated its dealer store program in 1923, making it a
.
wholesaler
profit
in
165,
accord¬
that
"
■
rentals, etc.—
Profit after charges and expenses-^
Federal & foreign income taxes
—L
Net
million."—V.
a
■
loan
Consolidated Earnings- for
Sales,
in
always
are
——
common
distribution
333,650
10,011,624
for
w_
figures
He
trans¬
is
ton-miles
10,398,939
2,900,834
stock
avail,
com%
p.
21,445,155
100,535
outstanding--
shs.
Earn,
;.
—
stockholders
The
$
3,348,144.
stock
the. results
has declined
min.
on.prefened
common
stockholders:
on
company
———
Voted—Preferred
■
sub.——,
profit
J7
$3,579,997
(net)
'
share
Common
profit-J1
Net
a
reasons
companies
possible.
Steel
quarter
authorized
62,131,379 291,265,360 246,182,589
2,192,678
TV"''
755,000
approach
,
mechanical
arrange
as
after
Food
Nov. 2,'46
on
—V——
to
carried
(
The
Subs.)—Earns.
Nov. 1,'47
$
«
5,641,357
Fed.
the
caigo
line
•
A
on
taxes
income
on
Prov.
;
'
,•
Annual Periods Ended
'
Nov. 2,'46
72,609,789
Fed.
'
aa"'a
reserve
per
common
"A
1992.
p.
186~228
stock split-up.
to
Ended Sept.
on
$2.45
$10
20
corporation
security holders.—V.
'
■'
air
of
The
October
expect
a.a.aA'A,
——
the
For
♦Net
Profit
V.
47,500
284,031
"we
income" taxes
♦Based
$3.27
«$
volume
steadily.
Net profit
♦Earnings per common
$914,393
$1.66
Nov. 1, '47
$0.70
;'v
,
,/•'
"v.
profit
$770,852
279,543
—Quarters Ended—
Period—
292,950
•'
..
1
,
the
income
Total
Federal
$3,287,543
2,373,150
$463,029
Federated Department
205,433
!
However, they
income,
Interest
•'
$5.71
and
$2,297,588
months, since our volume of business
to the completion of government contracts."
that
-
1944
a
279,598
its
/
..
Contingency
$1,596,542
to
1947
—
due
and
Operating
166,
$3.01
liquidation
its
30,
:
share
improving
Months
Other
a'X'A^A
1945
'
for
of
$1.84
$113,091
Follansbee
Cr96,096
that
$1.80
,
208.
p.
—■————
NOTE-—For
similar
559,162
announced
$0.60
165,
outstanding
possible
$1.28
-
1946.—V.
'
165, p. 3284.
has
1,028,527
546,453
taxes.——V.
>'■
tributed
the
as
Territory
isto
sales
well
through
s<ue-3
were
of
as
retailer.
in
25
Gamble-Skogmo
states,
Hawaii.
exceeaeu
about
a
outlets
157®
above
lour
.
sl25,000,000
last
-
$7,766,866
—.——
^
is
Delaware
a
952,741
30,
subject
1947—9 Mos.—1946
$10,048,303
1,028,001
546,453 '
560,762
profit
September
2000.
600,000
$1,415,770
postwar
corporation
are
230',249
a—
common
stated
9
.
2310.
p.
W. Prescott, President,
stated in a letter to
thig is not to be taken as a criterion for estimates
'
600,000
922,000
for
manner
a
$2,563,^42
$0.63
income
p.
767,181
3946
$15,702,107,
166,
Robert
"But
$9,779,833
•
Sept.
managemeir
Flying Tiger Line, Inc.—Earnings—
10 Months
1,154,000
to
ended
closed-enc".
a
such
Quarter,Ended Sept. 30, 1947—
'
A-
as
The
in
1947—3 Mos.—1946
3166.
p.
.''- V
1
to
Federal Water & Gas Corp.—Plan
Up Jan. 20—
$700,643
100% Stock Distribution—
—V.
per
order.
$2,422,446
reserve
months
The SEC
Div.
Phonograph Corp.—Plans Increase
Tbe
amounted
235,998
1947
shares—
share
per
1947,
company.
company
$0.45
$1,681,178
capital
Felt &
&
'Earnings
Corp.—Earnings—
profit
of
a
•
•
November,
$3,767,885
362,054
560,762
1,200 000
3 Months
;
X
out
of
(& Subs.)—Earnings
share
reserve
remaining
coverage
a
share—
shares
porting
'
——
taxes
as
—
considerably,
$2,835,178
inc.
'
in
stockholders.—V.
outstdg.-
com.
further
$0.91
pc
required
the
sa'es——
Common
9 Mo«.—1946
"
Sept. 30—
is
to
Federal
for» the
$0.25
$25
at
the
Earnings for the Nine Months Ended Sept.
535,431
30, *1947—
NOTE—Halliburton's
43.657
shrs.
income
to
2,678,494
The stockholders will vote
leo. .4 on
ii.oic<toi.ig the authorized capital
stock
from
400,000 shares to 1,000,000
shares, par $5 each.
It
is
planned to pay a 100% stock
dividend, which will be equivalent to
a
Sept.
charges
♦Transfer
$3,379,137
5,208
A
2660.
Emerson
in Stock
$561,375
170,598
is
Net
$7,799,127
$0.30
tlw
Fleetwood-Airflow, Inc.—Earnings—
H
1947-
o
time,
regulated investment company.
Thi
to
distribute
at^ least
90%
of
it
to stockholders and, to the extent It is distributed
relieved of corporate normal
tax
and
surtax.
-In
Net
'
-
the
asset
financing,
,
organized
qualify
that
net
ne
130%
that
redemption
so
a
that
than
at
of
common
————
per
♦After
educational
$13,981,078
1,086,550
1,200.000
1,200.000
•
'
30,163
stock
and
,,301,735
—
preferred
p.
1,525,000
$317,711
—
total
'.
■
to
tax
profit
Earns.
lien
$3,405,436
1,200,000
charges.
Federal Mogul
Com.
'■/"
X:
began manufacturing operations
A.; AAA-:..1;A- -X-.A.;.,. ■■■■•'■
2209.
income
and
the
for
Carpet Co.—Earnings—
next
$4,789,742
'
1944
276,000
650,000 Crl.000,000
cumul.
—v;
V
2,994,381
pfd.
tired
5%
1945
20,710,492
taxes-
home
Y;%
of
was
—
♦Net
contracts
3,353,447
45~191
in
company bearing
distribution
15,572,237
pfd.
'5Vz(/e
Ex¬
7,499,988
taxes
income
Cash
,7%
Curb
3,158,986
refunds
,
York
2,532,207
•_
and
common
9 Mos. End.
prefer¬
9,784 530
expense
nurses'
new
1947'—3 Mos.—1146
— ——
per
and
name
underwriter
cumulative
exps..
admin,
Firth
serial
The company was'organized under the
laws of
1946 as a successor to the business of
a'
p.
—
Interest
•
the
25%
shares to
$9,987,741 $21,121,875 $27,530,608
employees' trust
bonds
com¬
and
sole capitalization
36,000
shares
of
preferred
stocl.
stock.
There is no funded debt noi
consist
Period End. Sept. 30—
sales
for
sold—
fund
Est.
of
New
A"'1"-'
113,695
$13,991,958
Government
shares outstanding
Earnings
$9,874,046 $20,985,700 $27,369,783
63.096
S.
of
Net
building fund. This building fund, together
bonds, the corporations propose to use in
a
INCOME
1946
$13,928,862
the
the
$2,922,731
income
———Calendar Years—a-—-
Sept. 30, '47
fSales (net)
in
in
the
event
less
capital gains are not taxed
to
the
distributed.
Such capital gains distributed
are
only
corporations
situated
York.
or
'
STATEMENT
,
U.
sales
—V.
New
and
share—
Ended
Common
5%%
existing products.,
Inc.,
the
included
is
stock
the
be
stock
for
have
;-Yx
to
not
by
trfcding
corporate
they
co¬
356,004
per
Net
proceeds
convert b'.e
paid
is
which
it
income
to
Bend
Wis.,
this
shall
value.
the present
will
company
company
these
outstdg.—
taxes
Net
Earned
..
in
of
mortgage
shrs.
Period
;
used
West
/a
net
No.
it
$300,000
cash
Federal Electric Products Co.
1,
1947.
be
be
which
and
of
Bend,
call
outstanding.
position
to
preference stock w'll supply
moneys
(i)
to retire the $500,000
note to Mellon Nat:onal Bank
& Trust Co.,
(ii) to reimburse
company's treasury for the expenditures
mentioned above,
(iii) to
complete such construction and
(iv)
to
provide a
relatively small
amount
of
additional
capital
for
financing work in process, the
acquisition of new
facilities, and the development and improvement of
new and
Co.,
shall
site
a
Bank
West
earnings for the month of September, 1947
$159,550.—V. 166, p. 2418.
;, ^A
;
company to
now has under
enable
of
if
Covenant Hospital in
profit
the
ence
Swedish
accumulated
first
demand
&
bonds
On
securing the bonds
proceeds
♦After
to
1947 approximately $750,000 had been
expended from
its general
funds for such projects.
The addition to
general funds
of the proceeds of the
proposed sale of the
Eberstadt
of
of
Earnings
Mellon
of
to
the
Fcaders-QuiganCorp.—Earnings—
Trust
year
Such
the
tive
the
National
used
of
In
shall
preferred
to
of
shares
par
corporation
ordinary
bonds, in the opinion of counsel for the
will be
the direct joint and several
^obligation of the
corporations and. will be secured by
property havingta total appraised
valuation of $928,020.
I' »
-
as
> i,.;;
for. conversion
5Vz%
Kueh'.tjaau,
X.'■ y.-..
be
purpose
preferred.
month
required
shares
loan
of
-one
amount
company
125,000
any
be
the
of
bank
type
corporations,
30,
UNDERWRITER—F.
of
restrictions.
any
indenture
The
its
up
Y
at
First
}:&■■■
March
company,-from
dated
1947.
will
the
>
outstanding
completion
the
as
17,852,716
Louis
liquidating costs of constructing the
building.,
.;■ ;
%a a a
purpose.
Company
construction
plant, at an estimated aggregate cost of $2,000,000,
building for the manufacture of
turbochargers and mechanical
turbines, a tank shop addit on, and power
plant improvements.
Sept.
proceeds
south
with
except that not less than
and the same amount at
the
1,
.>
amount
1948,
&
and
from
company
stock.
funds
Dec.
trustee;
Capital
mature
13,595,326
of
preferred
convertible
shares
for
diversified, management type investment
plans to conduct the operation of the
45,329,122
5,173,768
the
share
of
preferred
130%
The
Bend, Wis.,
$300 000 first mortgage (23A-21/qdue $10,000 semi-annually June 1,
Period End. Sept. 30—
Net sales
X.r
borrowed
proper corporate
Its Jeannette
at
a
notes
the
of
1,
shares
cumulative
dated
are
tions have
328,079Vi shs.
respectively,
2V2%
Sept.
$500,000
offered
corporate
the
♦Net
National
York,
The
March
on
PURPOSE—Net proceeds
will
the
Mellon
New
21,666,542
of
the
of
shall
any
145,231,658
16,257,750
public offering Dec. 29
a
cumulative
sale
each
end
sufficient
a
and
.A
bonds,
60,000 shs.
from
of
1944
Chicago, 111., the corpora¬
tions are presently erecting a new nurses'
dormitory and educational
building at an. estimated cost of approximately
$600,000. The corpora¬
110,000 shs.
-
'
117,102,803 129,915,509
10,649,602
a
39,650 shs.
tl,000,000 shs.
Co.
16
net
block
t$3,000,000 -XX"
X
39,650 shs.
thereafter.
National Bank & Trust Co.
,.
each
Co.
Trust
income—
serial
without
of
Outstanding
$3,000,000
1945
'
FINANCING
Authorized
-
Trust
from
up
PRESENT
Dec.
The
pro.it
a
"
,
trustee.
and
to
$1,200,000
Guaranty
$600,000
year
plus
share
Common
T.iese
c.auses.
"a;
2310.
p.
Bonds
cancellation.
1,
borrow
1948
of
:
->
5%
the
for
the
value
corporation
•.
1946
—
oper.
(Wis,),
Gov¬
propulsion,
its costs
time
1—•'
1949-Dec. 1, 1962.
wite
company for use in the ord'nary course of
under
a
bank
credit
agreement,
dated
Feb.
24,
1947,
under which the company is entitled, until March
business
Co.
at
A-'AX^-Y
•2%% notes payable to banks due 1948
5% cumul. pfd. stork ($50 pari__
Cumul. preference stock ($50 par)__^__
t>Vz% convert, cumul. prefer, stock
to
a
at
par
Upon
1947%-
from
common
assets
of
railway-— 138,803,692
railway
29,014,477
166,
3%)
Navy, has been
since the war.
cancellation
the company of
completion
•
%
from
ry.
on
en¬
was
marine
a...—
'.
$1.25
•,
preferred stock is redeemable * on 30 days' notice kt $26.5C
per share plus
unpaid and- accrued
dividends.
It
is
convertible
a
any time
at the option of
the holder on the basis of two shares
addition,
approximately
company's products.
This
part by large utility expansion
enlargement of
chemical
and
mills, by expanded demand for
and
'
■'
....
The
Schuler.
'
of
pany to buy and sell securities
the purpose of investment.
Evangelical Mission Covenant Church of America and
Swedish Covenant Hospital and Home of
Mercy, Chicago
—Bonds Offered—B. C. Ziegler &
Co., West
the
locomotive
'
.
291,310
*
stated.—V.
and
Proceeds
the
and
experimental programs of the government.
Of the
orders of approximately $10,770,000, including
government
based
Common
1947
Jan.
from
—V.
above,
provide for
allowance
and
and
equipment
stilted
most
construct'on
by replacement and
clauses
the
refineries
electric
backlog
for
the
of
use
ry.
Net
for
States
United
for
both
J.
INot
,
100,000 shares of common stock. The initial
public offering price is $25 per share for the preferred
and $10 per share for the common.
••
railway-— $13,496,780 $11,719,588 $10,203,857 $12,123,083
railway—* 3,332,429
2,275,301 '
671,219
3,288,229
oper.-income—^
1,665,214
1,603,846
784,978 "
1,144,079
Net
'
manufacturers,
customer
company's largest single
H.
tRevised.
P
,
shares
stock
from
Gross
Mas¬
application.
principally
the
and
t
$364,924
,
taxes.
•
,
Guardian Securities Corp.—Securities Offered—
36,000
from
From
Holders,
taxes.
supercharging
engine
industries
process
Government,
diesel
Riddell
'
..
.
-
November—'
deaerating heaters, steam condensers, steam jet ejectors, cen¬
trifugal blowers, strainers,
tube
cleaners
and
accessory
and other
equipment.
Its products
are
used principally in the
production of
power in stationary installations
and in locomotive and marine use
are
by
Federal
Colony Corp. made
standing
Gross
gines,
and
First
First
the
Net
was formed in
1901 in Pennestablished manufacturer of steam turbines, electric
motors,
approved
t
.
Equity Fund, Inc., Seattle, Wash.—Registers with SEC
.Net
such
stock
thereto.
property
on
as
and
,
F.
Richards, -Herman E.
Erie RR.—Earnings—
equal
earnings
net
accrued
prior
or
charges
,166, p.. 2310.
least
per
BUSINESS—Company
an
and
of
dividends
therewith
equally
purchase
cumulative
convert.ble
ranking
stojk
a
existing Pennsylvania personal
income tax reiunded to holders
6%
generators
of
year
of
•After
,
,
1945
.
—
___———__
:
<
Wholly-Owned Subsidiaries)
Sept. 30—V.
1947
tl946
-
the.
tally,
shares.
Clark, Howard S. Cull¬
Dana, Edwin L Hilson, William W. Kennedy, Jerome
2418.
p.
The. board*
Paul
sales
market.
and at $51.50 per share there¬
dividends.
Entitled
to receive on
benefit
5Vz%
the
stock
sachusetts
the
fiscal
on
any
not
to
of
final
Corp.—Earnings—
5
(Including
$19,962,921 $12,837,444
♦Net profit
/873,046
533,048
Capital shares outstanding —316,320
'
316,320 "
Earnings per share
a'"
$2.76
$1.68
or
voluntary liquidation the redemption price then in effect and on
involuntary liquidation $50 per share, in each case plus accrued divi¬
dends.
Net
company on Dec. 29 filed a registration statement with the
SEC covering
103,089 sKares
common 'stock.
Underwriter—Pacific
Northwest Co., Seattle. The Stock will be offered at
prices based on
1958,
accrued
,
The
/
thereafter through Jan.
shares
to
997,228
Enamel
A
Months Ended
9
which
group
•••••
Frederick
of
Newman, Junius A'.
;
shares
of 5%
cumulative preferred stock 4$50 par).
Convertible into com¬
mon
stock at $18.75 per share through Jan. ,1, 1952, at $20.75 there¬
after through Jan.
1, 1955 and at $22.75 thereafter through Jan. 1,1958,
when
the conversion
pr.v.lege ceases.
Entitled to cumulative
dividends
of
5V2%
per
annum,
payable quarterly.
Redeemable
in
whole or in. part on 30 days' notice at $55 per share through Jan. 1,
1952,
Ferro
p.opuse
the
Charles A.
—V.
preference stock ranks junior to 39,650 outstanding
new
a
Subject
for
•.
-
23
Further details follow:
not
acquired by
recently-consummated
reor-
final;step
under
consists
man,
mentioned
A.
in
does
in consummating the reorganization of the;
Werthelrp
reorganization ;;plan. a
The management of the company will now be returned by the trustee
court,
Offered—As
offering
the
s
the
is
company
...
,
•
iThis
^
to
166, .p.-2418.
mm
corporation
>«
♦Representing that portion of premium and expenses on redemption f
of bonds Which is equivalent to resulting reduction in Federal income
taxes.-—V.
the
the
the
The proceeds
of-, the stock • offering together with bank loans of
$2,250,000 and other funds will be used to pay off In full in cash
the company's $4,754,000 5% debentures with interest from
November,
,
196,270 ;
$91,543*. .^ $81,648v1: $1,028,492
.
that
of
to
underwriting
1941.,
Income
Net
.
30
shares
agreement provided that the underwriting!
group
purchase any unsubscribed shares.
In the event that less than
60,000
shares were unsubscribed, such additional shares as
would be neces¬
sary; to increase the total to 60,000 shares would be issued
by the
corporation.- <1.•
-a
>
$1,339,657
$1,228,791
'1
amortiz._il:
of
incident
corporation.*
common
of
Dec.
announced
offering
group
the
corporations
stockholders
The
$106,143-- $112,089
-
Co.
(45)
Stock Subscriptions
'
524
143-
(netJ^-iJ
Balance
underwrote
.565
322,140
*,
&
public
a
underwriting
ganization of the
298,982
3,333
477,411
32,309
>
-
$106,000
revenues-'-^'
Other -ihcome
♦Special
-44,569
—
.316,667
278
make
the
190,016
25,695
/
,
to
l,592;693
-
-307,635
•
\vercheim
$4,151,394
1,897,399 '•
r-25,000
278
income taxcs_-__—i
Other taxes
-
A.
26,667'
Depreciation
Amortiz.
Fed.
161,436
26,454
*
$4,688,285
$376,775
183,154
■
-
& »FINANCIAL/ CHRONICLE
Equitable Office Building; Corp
1947—12 Months—1946
-Month—lu46
1947
Period End. Oct. 31—
Operating
Operation
THE COMMERCIAL
and,
merchandise
Canadian
,•
.
for
year.—V.
1947
166,
p.
is
dis¬
provinces,
and
.
through
2660.
November,
THE COMMERCIAL
CHRONICLE
FINANCIAL
&
Monday, January 5, 1948
~
Gar Wood Industries,
Inc.—Earnings—
U Months Ended Sept. 30, 1947—
Net
sales
♦Net
Glenmore ■Distilleries Co.—Earnings—
'■/■/(' 'v- >;" /•''
//,.
-—'I,-—-.«,■
%
loss
■—_
.
.
9 Mos. End,
•Profit
Prov.
for
Fed.
income
Res,
&
taxes
for
Net
Sept. 30—
1947
$12,542,414
—-1
contingency-.
2,002,600 /
deducting
$1.44
depreciation,
166,
date
that
on
$1.06
depletion,
1947
than 42
years'
John D. Lockton
1,
after
than
Erben
37
was
of
years
service,
Commercial
a
Manager
of
Assistant
Wilson
Mr.
Vice-President
and
effective
retired
Dec.
Apparatus
Department,
and
31,
the establishment
was
week
and
time
have
we
receivers,
of radio
we
not
receiver
models.
Kaar
Additions
30,
—v.
$395,670
1,391,500
$0.28
.
'
Bank
Trust
&
Co.
of
setting
are
yet
reached
production
new
records
lines
these
to
explained.—V.
166,
scheduled
are
for
'*
been
/••■
taxes
Wholly-Owned
tNo
charges for depletion or depreciation
down due
shut
weie
f
"
in
United
the
Net
sales
Cost
106,777,433
——
—V.
Mr.
123,
Selling exp., etc..;
12,701,790
Operating profit
Other
6,781,651
7,545,412
502,256
;
311,779
income
Total
income
Interest
7,283,907
—
taxes
2,621,000
Contingency
21,709,130
968,438
20,591,228
22,677,568
'
7,363,000
3,009,413
'8,512,413
500,000
1,000,000
reserve
&
:
Net
4,463,255
shares
Earns,
per
♦After
$0.84
share_
com.
dividend
year.—V.
income
166, p.
requirements
1
♦After
20—
strike.—V.
a
"
»
outstanding—
166,
stockholders
stock
from
Dec.
on
500,000
20
voted
shares
the par value from $1 to 50
issued in exchange for each of
to
income
cents
Net
profit
taxes
and
to
com¬
change
shares to be
outstanding.
the Securities and Ex¬
share,
two
the 300,000 $1
These
new
shares
par
changes are subject to the approval of
change Commission and the New York Curb Exchange. > As soon as
approval is received, stockholders will be notified as to the procedure
lor the exchange of their present
outstanding shares.—V. 166, p. 2418.
j
—V.
166,
$104,417
230.000
share-
158.
P.
The
1947
electric
output
amounted
16.6%,
or
to
the
over
of this corporation
147,908,300
kwh.,
corresponding
an
week
for
week
the
of
increase
1946.—V.
of
Output—
from
Net
ry,
ended
Dec.
26,
kwh.,
p. 2660.
166,
General Railway Signal Co.—Earnings—
9 Mos. End.
Sept. 30—
profit——;
Net
Com.
Earns,
per
♦After
1947
1946
1945
1944
outstand'g
shares
$187,046
331,051
$96,981
331,051
$842,563
331,051
$730,691
331,051
share-
$0.30
$0.02
$2.28
$1.94
com.
all
charges
and
Federal
taxes.—V.
166,
p.
■
—
158.
16 Weeks Ended—
Months
Oper.
costs
and
"Oct. 5, '46
Oct. 6, '45
$5,782,981
$8,396,696
5,180,534
6,278,874
$563,691
$602,447
37,456
34,181
3,401
$2,117,822
14,600
income—.
oper.
income
(net)
Earns,
Prov.
income
for
Fed.
income
Res.
$907,255
&
for
$597,872
$605,848
$2,132,423
218,013
♦305,557
♦1,545,228
78,958
386,931
Consol.
income—
$520,324
$379,059
$221,333
$1.37
$1.00
/?■/: $0.52
$0.32
•Includes
provision
for
Federal
excess
profits
shares.
fOn
333,243
r
NOTE—Net
translation
to
taxes.
income
into
U.
of
S.
the
Canadian
dollars
at
subsidiaries
official
rates
of
consolidated,
exchange,
after
amounted
approximately 10.1%' of the total net consolidated income
period as against 10.6% in 1946 and 6.1% in 1945.
for
the
1947
v
For the 40
140
weeks ended Oct. 4,
$3.96
Or
per
common
share
compared
with
5,
'%%,/:
Period—
$844,723
or
$2.18
1946.—V, 166, p. 854.
Operating Revenues—
Week End. Dec. 14—
1947
Operating
—V. 166,
revenues—
—Jan. 1 to Dec. 14—
1946
$46,000
$42,750
—;
1947
$2,400,462
1946
$2,284,095
2558.
p.
Sept.
Gerber Products Co.—Earnings—
Net
—
—
per
—V.
$12,975,345
—
Earnings
per
—V.
p.
164,
Not
stated
outstanding
common
share
260,000
:
— r::
$149,845
260,000
$3.50
$0.4§
1594.
Glass Fibers, Inc., Waterviile,
O.—Registers with SEC
The company on Dec.
30 filed a registration statement with the SEQ
($1 par) eommon stock/ Underwriter, Kebbonj
Chicago. Proceeds will be used to repay indebted¬
and for working capital.
«
:
'
♦
covering 343,000 shares
McCormick
ness
&
Co.,
capital
.
CONSOLIDATED
_
■
..
$583,733
$809,307
427,500
.
,
305,000
—
operating,
Federal
,
selling
taxes.—V.
—
$1,236,807
$5.05
,
and
165,
.
$888,733
$3.74
.
administrative
2926.
ex¬
p.
(& Subs.)—Earnings—
'1946
$7,180,612
1,483,644
1,004,879
..
inc.—
taxes on
1947
583,000
350,000
$900,644
taxes
$1.95
$2.83
•.
O.—Registers with
v;;
statement with the
covering 58,612 shares ($10 par) common stock.
Underwriters,
McDonald & Co., Cleveland.
The shares initially will be offered for
subscription by stockholders and unsubscribed shares will be ' offered
filed
26
a
registration
used
be
to
repay
indebted¬
bank
short-term
166, p. 1479.
per
♦Loss.
tAfter
.tribution
tax
to
the
carry-back
' 1946
$540,848
n$588,378
60,000
and
166,
Gans
y
$2,410,839
9,285.945
47,500
593,699
17,811,564
1051.
p.
.
Manhattan
&
refund.
■
BALANCE
U.
receivable
made
was
RR.
Dec.
on
S.
(less
SHEET
SEPT.
Government
—
;
,
26
Bondholders Committee
of
.
the
the
formation of
'
\\
1947.
30,
Mr.
Fox
Chairman
is
of
the board of
y■'.■./■/.
the
Mathieson
V
and legal proceedings
were
carried
on
stockholders seeking
control of this company.
Litigation for appointment of a receiver is
pending.
Counsel for the company has moved to dismiss the com¬
plaint on the grounds that the Court is without jurisdiction.
There
are
outstanding nearly $30,000,000 of fixed interest bonds and about
$22,000,000 of income bonds.
The company failed to earn interest
charges in 1946 on the. former and owes more than $7,000,000 of
interest on
the latter.
The Committee states that the holdings of
past
two
now
are paramount
and that the latter should have an
in the management of the company.
lfttter to bondholders,• the Committee says: "Passenger traffic
income in 1946 and 1947 continues to be lower than that of previous
comparable prewar years. The decrease in passenger volume has been
important voice
In
its
contrast
politan
show
the
to
a
railway
the
for
this
serves.
in
population
in
the
whereas
period has been only 3%.
for the same
metro¬
S.' Census reports
Latest U.
in the last six years,
area
:
the
'
—
and reports that the company will be faced in the near#future
expenditures merely to preserve safety of operation
He says that large additional expenditures will be re¬
v/ay
substantial
lines.
its
on
increase
substantial
increase
engineering member of the Committee, Senator Brown, has
preliminary examination of the properties of the company.
found evidence of. undermaintenance of equipment and right
has
He
of
•
which
area
10%
a
national increase
quired to establish reasonable standards of operation from the stand¬
point of public convenience and necessity and to open possibilities of
-Increased
earnings.
many months the Committee has had under
plans designed to attract new business and to
These include better transfer facilities at railroad
For
several
consideration
extension, of service to Newark
'•
Port and Airport and to
;'
bondholders in- 1
bonds nor any obligation toward expenses
compensation for services of the Committee.—V. 166, p. 2419. /'; /;/
/
Island.
which
authorization
the
..
Committee seeks from
volves neither the deposit of
or
.
<
-Earns..
Hydraulic Press Manufacturing Co. (& Subs.)
Period Ended Sept.
30,1947—'
sales
Net
-
%'
9 Mos.
3 Mos.
■
$1,178,279
—
of sales
$3,950,276
839,911
2,865,878
—
365,070
1,005,33^5
♦$26,702
$79,063
76,918
Operating expenses
72,907
—__
—
obligations/ $806,364;
$125,222), $2,273,149; in¬
ventories—at lower of cost or market, $4,135,704; miscellaneous invest¬
ments, $123,972;
land,
buildings,
machinery, etc.
(less reserve., fqr
depreciation, $2,540,487), $3,487,424; good will and patents,'$1; pre¬
paid, insurance, taxes, etc:, $126,444; total, $11,620,876. ;
/"■
Operating
reserve,
LIABILITIES—Long-term notes payable—maturing within one- year,
$200,000; accounts payable, $716,631; accrued taxes, pay rolls and com¬
missions, $572,452; profit-sharing plan and trust, agreement, $135,000;
Federal.and Canadian taxes on income—estimated, $419,650; long-term
notes payable, $1,700,000;
reserve
for contingencies," $850,000; series
B, 1st preferred stock, 5% cumulative ($25 par), $3,487,000; common
stock (par $25), $1,500,000; capital surplus, $1,145,137; earned surplus,
$895,003; Total, $11,620,876.—V. 166, p. 855.
/
'
•
.
/
bond-
years, stormy conflicts
between
competing groups of
the
Nil
-
share
$673,818;
$3,050,717
9,285,945
47,500,
540,857
19,216,820
counsel.
as
During
provision for all charges, including an estimated conProfit-Sharing Plan and Trust Agreement.
tBefore
accounts
$32,141,838 $30,149,547
holders protective committee for the adjustment income mortgage 5%
:bonds. The Committee at present has three members, Abijah U. Fox
(Chairman), Lowell H. Brown ajid Alvin I. Philips,. with Robert H.
Davis, 50 Broadway, New York, N. Y., as Secretary, and Howard S.
iSO.OOO
$6.83
"
outstanding-—
common
269,225
$32,141,838 $30,149,547
Hudson
The
1947
—
shares
23,048,885
- 89,601
/
'
Staten
(& Subs.)—Earnings—
9 Mos. End. Sept. 30—
profit
280,110
23,370,317
103,186
———
Total
:
terminals and
Earnings
$6,741,836
L-
?_
stop present losses."
Heywood-Wakefield Co.
Common
June 30/47
$8,388,225
—
liabilities
with
SEC
will
SHEET
bondholders
$10,161,890
share
Proceeds
—r
assets
Announcement
,1946
$3,632,576
2,535,743
'.'^v 293,941 y,,, 385,264.
.121,235 : / 127,836
surplus
Dec.
$3,489,604 '
sepcial funds & deferred
stock
/
V;
\
.
7,555,066
.
Harshaw Chemical Co., Cleveland,
publicly.*
34,257
192,756
,
,
Sept. 30/47
•
Alkali Works.
for Fed.
sec—
ness.—V.
:
cos.,
Unappropriated
68,760,764'
461,996
on
$3,716,612
709,100
BALANCE
——————
"The
company
$3.72
—
CapitaJ surplus paid in
Earned surplus appropriated /-'—
made
The
703,307
937,743
$3.23
——
—
other
Capital
,'28,931;
$654,879
230,998
to
common
ASSETS—Cash,
1946
943,027
shares
:
166, p. 2103.
notes
1947
profit
Common
/
outstanding
shares
1,172,179
937,743
;
LIABILITIES—
in
Common
$3,027,174
1,875,486
937,743
$5.52
/
—
Current
Cost
6 Months Ended Sept. 30—
Bales
1945
19,413,650
*238,926-/' 0,304,430
.
Federal income
carried
$5,178,841
'
—
outstanding
ASSETS—"
$5,732,374
;
788,782
$8,780,449
—
30—
CONSOLIDATED
v
'
194.7
:
and
before prov.
profit
$3,745,883
•
9,609
Prepaid & deferred charges
California—Earnings—
—
est.
16,216
$7,097,394
21,053
1,897,500
7,653,340
30—
Ended Sept.
Provision for
2,308,392
$3,700,652
15,959'
14,347
/Earned per share
—V.
materials,
county
$3,729,666
.
Net' sales
tNet
Georgia & Florida RR.
Dividends
Net
1947, net profit amounted to $1,461,as
per common share for the 40 weeks ended Oct.
$7,083,047
2,610,244
.\—
2,551,552
■"
income
assets
389,775
-
__
raw
1945
$8,619,289
)
2,970,014
2,766,331
—
in
t>. 2558.
Harbor Plywood Corp.
9 Months
$177,389
tEarns. per com. share.
net
-
Shares
409,805
contingencies-
4,091,765
Federal income taxes
Invests,
■
Earnings
*
Can..
taxes
.
$1,215,850
479,800
-
58,260,050
6,235,165
*
-
„
state,
\
.
1946
$9,251,233
lease-
—
Current
vi
16,504,386
—
-
shajre of capital stock.:.
per
1947
$13,941,143
surrd.
income
$3.20
\;'v-
Net
Total
435,194
Net income from operations
Dividends received—
income
$768,966.
-
(& Subs.)—Earnings—
—
Total
—_
Net
total,
,
Sept. 30—
amort,
$736,050
230,000
1946
♦Costs, operating and general expenses
Intangible develop, costs & prov. for abandon,
Depreciation and depletion
Net profit
Net
Other
-
-
$5,267,439
1,108,543
66,638,009
Gross operating income
Oct. 7, '44
$6,384,873
5,821,182
$869,799
exps.__
<
(& Subs.)—Earnings.
Oct. 4, '47
Oil Corp.
Net income
-
-
•>
1,303,817
—,
-
Ended
♦Including
$8,745,624
7,875,825,
Net sales
,
Interest paid
.
' $6,131,679
railway
166,
$6,839; accrued miscellaneous taxes,
abandonment—
&
$2.42
*
\
income—-/-,—-J..——
♦Deficit.—V,
oil
$12,500;
cost,
distribution, Dr$503,542;
dates of
at
950.
$558,423
230,000
1947
oper., income-
ry.
at
accounts-receivable——
Net from railway
Net
securities,
payable on
surplus
p.
depr.,
Other
1—-
from
crude
advances
to
$1.12
$1.26
»
*
.
railway.,
From Jan.
Gross
penses,
General Time Instruments Corp.
$682,781
553,000
j $963,923
( 405,500
$290,625 3230,000
$0.45
v-
railway—————
oper.
obligations, at
oil, at posted field
Wyoming-California
Treasury
$16,554;
and
marketable
$123,000;
Net operating
(Including Alton RR.)
from
in
1947
30,
S.
U.
1946
1947—9 Mos.—1946
Gulf Mobile & Ohio RR.—Earnings—
3
21,016,683
receivable,
operating income
holds
0-V
f
$437,588;
investment
Months Ended
9
.
STATED
„
Hancock Oil Co. of
General Public Utilities Corp.—Weekly
banks,
Costs, operating expenses, gen. taxes
166, p. 2558.
NOT
ohtstdg—
com1)
per
"
■■
equivalent to $0.04 per share in 1947 and
on 900,000 shares of capital stock out¬
y'y Tota'l income
1947—3 Mos.—1946
—*
shares
Net
authorized
shares,
2,000,000
a
the
in
COMPARATIVE
Com.
:■
■■■
& Die Corp.—Earnings—
Period End. Sept. 30—
Profit after
charges—)
Federal
$366,850
:■■
y..■
.
1946, based
accounts
Co.,
166,
Gross
$0.96
(Including Wholly-Owned Subsidiary)
\
issued during the
Split-Up Voted—
(
/';
BALANCE SHEET SEPT.
Honolulu
$622,705
563,950
—
charges and taxes.—V.
Greenfield Tap
Gross
increase
to
$360,998
$342,379
.
earned
*
1947
——
share
common
1149.
General Plywood Corp.—Stock
The
$325,957
'
surplus
—•
& general expense
November—
mon
361,416
yyp;.
share in
Estimated
$2.35
♦$2.04
shares
preferred
on
per
f5,575,463
5,575,463
326,749
■
of
——
shares
Earns,
11,599,146 A15,119,383
5,575,463
♦$0.76
outstdg
4.683.529
5,575,463
profit
Com.
-
30
dividend
545,772
629,082
$6,498
360,352
♦$792
330,254
31
Oct. 25, 1947, $9,000; reserve for Federal
income tax, $11,557; capital stock ($1 par), $900,000; Earned surplus,
$342,379; distribution to stockholders in years prior to 1930 in excess
2256.
p.
Earnings
$
19,323,877
1,267,351
7,857,191
164,249
199,652
—
Income
♦Net
76,491,113 296,212,567 228,138,610
59,249,467 236,888,629 174,075,895
9,696,234
40,000,061
32,353,585
87,293,992
*$418
$12,125
Dec.
$1,134;
$2,733;
The ICC on Dec. 9 issued a certificate permitting- abandonment by
the corporation of its main line of railroad between Conifer and Cran¬
berry Lake, approximately 13.2 miles, in St. Lawrence County, N. Y.
Canada)
and
$
27,000
LIABILITIES—Accounts payable,
Nil
made for this
was
to
Grasse River RR. Corp.—Abandonment—
Common
sales—
of
States
27,000
Petroleum
■
,
.
27,000
leases, at cost (less—reserve for depletion, $498,400), $48,479; wells
and equipment, at cost (less—reserve for depreciation, $695,883); $62,680; deferred charges $7,031; total, $768,966.
; /"'/
V-
,
:
1944
1945
$33,498
$60,000;
prices,
—V.
1947—9 Mos.—1946
$
$
}
1946
$26,582
earned
per
cost,
♦$97,549
450,261
$0,43 / ;
——
mines
.
$192,253
450,261
——
9 Mos. End. Sept.
1947—3 Mos.—1946
1347
$26,208
/-I//;'.;
1946
50,847 '
.
$2.45
-
$39,125
surplus
Depl.,
Subsidiaries
Sept. 30—
.■■v,/.,//v-v;V: '0:
•
Sept. 30—
ASSETS—Cash
♦$111,313
Crl3,764
*
43,996
——
_
depletion.
and
because the
158.
1947
■
profit
♦Loss.
General Foods Corp.—Earnings—
Period End.
;;
NOTE—Net earnings were
Grayson-Robinson Stores, Inc.—Earnings—
(Incl.
$4,300,246
1,624,002
share
paid *—27,000
♦Deficit,
$0.03
each
year,
950.-,
p.
Sept.
has
./ $287,096
profit
for
quarter,
television
next
——
outstanding
common
Balance/surplus
2557.
p.
shares
Dividends
166, p. 2419.
Net
our
three
(net)——
^
earnings
■
—•
1,899,983
1,498,214
2,030,765
Cr991,795
tax-—.l'
capital'assets
-
I
taxes,
Holly Development Co.—Earnings—
Earned
York
New
of
9 Mos. Ended
•*-
.
Corp.—Registrar—
Motors
National
income
per
166.
Net
1946.—V^ 166, p. 2660.
Capital shares outstanding
Earnings per share..
headquarters at Electronics
styles of the Musaphonic line and
four
Public
Depreciation
peak," he said.
"We have
seven
lines in operation in the receiver building at Electronics Park.
By early 1948 this productivity will be doubled."
At present
the Receiver Division
is
manufacturing 22 standard
line
•'
'
,
quarter ended Sept.
an
p.
present
$419,653
1,392,000
$0,30
•
$14,242,606
'
Operating
announced.
the
to
Quarter End. Sept. 30—
v
in
"At
Common
for the nine months ended Sept. 30,
compared with $9,129,895 for the corresponding nine months
as
Reserve
Lockton
property
_
income —
.Earnings
Grranby Consol. Mining, Smelting & Power Co., Ltd.—
announced.
Assistant General
Mr.
personal
standing.
Syracuse, N. Y., added to production facilities in operation
elsewhere, the company will produce more radios in 1948 than -during
any year in its history, I. J. Kaar, Manager of the Receiver Division,
has
$660,970
V 265,300
appointed New York registrar for the 5% cumulative preferred stock A,
5% convertible preferred stock, and common stock of the corporation.
Plans to Produce Record Number of Radios in '48—
With
Park
1,396,000
$0.77
outstdg.-—
share—
com.
amounted
the
—V.
Treasurer.
the
$324,800;
1,394,000
$0.45
$1,072,198
_
saie
Total
company
succeeding Jesse W. Lewis of New York who
more
Mr,
'Treasurer of the
—.
-
for
Net
service.
has been elected
expenses
1944
.
$787,453
; 367,800,
$1,009,800
385,000
661,300
Graham-Paige
partment, largest of the seven G-E operating departments, Charles
Wilson, President announced recently.
He succeeds Roy C. Muir, Vice-President, who retired Dec. 31, after
Jan.
per
The
E.
more
administrative
rentals
on
.-"" 'l'
■
$30,627,147
22,632,927
—ui--V 743,193
—y-,
Hotel
rentals,
real estate
and
insurance, interest, etc.
Depreciation and amortization
For the quarter ended Sept. 30, 1947 the net profit was $370,672,
equal to $0.27 per share as compared with $298,694 or $0.21 per share
interest
Vice-President, effective Jan. 1,
Manager of the Apparatus De¬
a
General
taxes
of 1946..
Co.—Changes in Personnel—
became
Store
Profit
1945
1946
$1,733,498
charges
shares
Sales
539,222
amortization,
/.
V' /'/vWf
revenue
Operating,
Earnings—
1947
Sept. 30—
income
Earns,
for
Henry'V. Erben has been elected
and
$1.02
;
Gross
Sept. 30—
profit —
Com.
1253.
p.
General Electric
$764,238
2,009,709
$742,473
548,321
—_./
Corp.—Earnings—
9 Months Ended Sept. 30,1947—
.
'
1,982,700
$3,008,818
•;•/.
..
-+-r-i.——
Brewing Co.
after
Federal
1,921,300
1—i/-
450,000
$7,065,514
Common shares outstdg.'
2,329,443
Earns, per com, share-,.
$3.02
•After
1944
$2,746,938
Net
5,026,900
—
profit
charges, etc.—V.
Profit
1945
•..
Provision
Goebel
State
(est.)
—
9 Mos. End.
$2,663,773
Hilton Hotels
' — V;v.-
-
—
-Earnings—
1946
$5,011,418
'
Subsidiaries)* %
Wholly-Owned
: —\ 1947 1946
—$2,887,304 $1,544,181
No. of class A & B shares outstanding————
1,028,620
1,028,620
Earnings per class A & B share$2.81
$1.50
♦After taxes, charges and preferred dividends.-^V. 166 ,p.. 158, ■
♦Net profit
and special charges of $444,461, which consist of
$181,057 representing expense of preparing Wayne Plant and moving
facilities to Wayne, Michigan; $187,235 expense of closing plants and
maintaining idle facilities and loss of $76,169 on disposal of facilities
abandoned.—V. 166, p. 2418.
•
'•
.•
(& Subs.)
(Including
:/
9 Months Ended
1,617,011
♦After expenses,
Gay lord Container Corp.
1
*
■
$29,831,416
.
Other
-
profit
expenses
Provision
___—
v
Federal
iCr30,000
taxes.
income
12,OQO
♦$73,620
for
($5,844)
v
Net
loss
♦Loss.
/
■<■'
..."
,
"■'
/
CONSOLIDATED
:
■■
BALANCE
ASSETS—Cash in banks and
on
/';" :
SHEET
hand,
SEPT.
30,
1947
,
T
$279,617; accounts receivable,
cash sur¬
companies,
$1; prooerty, plant and equipment at cost (less reserve for deprecia¬
tion), $'1,670,730;. construction in progress, $55,862; patents—at cost
(less amortization), $130,251; patent applications—at cost, $157,092;
receivable,, $82,010; inventories, $2,617,189;
render value—life insurance, $12,485; investments in other
$479,45.3;
notes
Volume
back
cany
penses
167
of
and
Number 4661
unused
deferred
excess
profits
THE COMMERCIAL
credits, $77,000;
total, $5,640,139.
prepaid
ex¬
International Nickel Co.
Ralph D.
Herbert G.
LIABILITIES—Accounts payable,
$397,446; notes payable—current,
$37,000; 'commissions payable,
$37,273; accrued salaries and wages,
$17,445; dividends payable,
$91; accrued taxes—state and
local, $16,427li accrued
income,
expenses—other, $67,038;
$93,189; customer's advance
,
able—not
current,
$185,380;
reserve
preferred
stock
$945,000;
lor
par),
paid-in
surplus, ,$77,482;
166, p. 1933.
—V;
excess
payments,
profits
$365,675;
earned
for
reserve
contingencies, $100,000;
($25
taxes
$183,200;
tax
note
payment
Dec.
pay¬
deferred,
$333,595;
total,
$5,640,139.
V
Net
revenues
oper..
Other
Net
$8,321,429
6,078,726
' $578,424
$2,440,237
$2,242,703
$633,447
233
Earns.
—V.
per
166,
'
1,722
-
Mr.
$2,441,959
is
659,340
has
held
as
Division
he
continues
continues
as
in
since
1930.
Director
the
J:.
of
Roy
at
a
Vice-President and
—V. 166, p. 2661.
director
1946.
The
of
Cliff,
Mr.
becoming
Fales
1922,
also
Co.,
$416,719
100,000
$1,782,618
Period End. Nov. 30—
Railway
100,000
$365,813
$1,572,771
400,000
$olo,719
$J.70
oper.
revenues
from
rev.
ry.
$1,050,472
254,140
191,605
opers.
$1,172,771
$j,0 /
'
Net
—V;
$2.61
income
166,
.
The
It
was
announced
on
Dec.
1J that this
company has acquired
a
control ing interest in the
Lindstrom Corp.,
Bridgeport, Conn., producer
of mechanized
toys and toy motors.
It was reported that
the transfer
of physical assets
va.ued
at
about
$1,000,000
was
irom
involved.
of
and
Ideal,
has
of
the
provided
lirst
1945
1944
$5,601,584
972,978
713,827
578,104
$7,585,580
1,896,013
1,552,751
railway—
railway—
66,576.730
11,462,152
61,361,745
10,937,461
4,296,539
4,876,164
72,745,462
15,346,974
4,939,642
1—
from
from
ry.
(B. L.)
Lemke & Co.,
sales
3,761,377
said.
B.
M.
Michtom
exceeding
offset
all
the
announced
expectations
2,360,343
Operating
1,955,729
Other
lag
reluctant
brought on earlier,
place orders.". ■ '
to
(2)
the
in
Ideal
late
the
'
orders
-
,
buyers
!
Incorporated
y," A distribution
•
stockholders of
derived
or
Dec.
11,
1947.
Of
profits
Oct.
31.
1684.
In
from
-
of
-
sales
25
1946,
of
cents
total
a
net
-
-
25
made
40
.
24
/ tcr>-
was
either
derived
current
1
specific
A
The
and
Service
corporation
Corp.—Redemption
has
interest, all of
called
its
for
redemption
outstanding first lien
5%. gold bonds, series A, due Feb.
1, 1963.
the Continental
Illinois National Bank &
LaSaile
St., Chicago, 111.—-V.
of 5%
of
and
Trust
Co.,
be
trustee,
166, p. 1890.
Industrial Rayon Corp.
(&
sale of
patents—-~^S
made at
231- So.
The
.i Income
bef.
of
net
of
principal
amounts
to
and
new
;
the
a
in
plan
is
of
for
the
the
of
Cash
Trademarks
original
following
proceeds
for
income
Net.inc.
Net
inc.
Deprec.
plant
"In
•
aft.
$4,441,230
pfdA'dlvs.-z*:
4,441,260
per -com, shr._
and amortiz. of
and
1946
Taxes
*$1.36
Accrued
1,035,764
dividends.
County Telephone
Fla.—Files with SEC—
The
for
company
4,000
Fla.
Dec.
on
shares
share.
a
of
24
5%
&
a
to
Paul
Jan.
on
the
registration
be
166,
a
Ended
—
Royalties
and
1948,
persons
—V.
bonds,
series
determined
due
by
to
ity
with
the
1973.
:
sales
&
excl,
exps.,
$8,148
corporate
2,359,430
$2,797,968
1,754,201
taxes—
companies
in
always
are
it
reasons
&
int.
(net)
$966,191
$1,433,721
19,644
36,497
24,237
$1,002,688
$1,457,958
373,908
657,582
17,481
37,635
taxes____425,265
^
__
29,836
■
paid
$608,310
on
capital
stock
$611,299
($0.90
600,000
$1.01
$1.02
share_i_i„i_—„
BALANCE SHEET
and
Accounts
acceptances
.
'
•
receivable
___-
is
Prepaid
Total
taxes
and
at
cost
.„LIABILITIES—
"Provision
1
conversion
contracts
for
Federal, State
to
&
affiliated
payable
Reserves for contingencies
Reserves
for
post-war
stock,
expenses____
other
i
$5,187,089
i/"
•
$25,877
326,500
;
113,900
368,363
1,000,000
64.347
adjustments—
par)
324,083
exact
as
near
64,347
Total
1,200,000
surplus
_____
deducting
$200,000 in
1947
to
Stock
list
the
2,802,062
$6,385,889
•
cost
and
of
U.
1946.—V.
S. Treasury tax
166, p. 1151.
anticipation
$5,187,089
notes
of
17,250
100,000
100,000
204,124
18,400
35,318
$652,981
1789.
$576,538
always
alphabetical
alphabetical
Gross
several
'
moqey -.will
be
used
to
pay
promissory
2105.
p.
Operating
Operating
notes
held
by
banks.
Lines—Earnings—
Sept. 30—
income
1947
1946
j
$19,219,326 $15,770,669
17,934,213
14,466,049
expenses
profit
$1,285,113
income
$1,304,620
par
on
Provision
Net
the
on
Boston
corporation
loan
Dec.
on
26
by
the
made
announced
Bank
of
the
this
of
credit
enabled
agreement
the
was-
retirement
announced
of
last
the
bank's
Feb.
1
to
the
company's rapidly
expanding production,
Payments totaling $1,080,000
were
made to
fell
repaid
with
due.
in
full
in
on
1,000
and
the
the
day,
a
of
date
and
full
Total
and
of
$18,000,000
being aimed
exceeding
basic
said.
at
This
manufactured
1,500
300,000
material
industry. Kaiser-Frazer
announcement
of
is
built
was
revenues
a
day
../The
company
for 10,000
$26.50
a
Wagner,
on
over
more
the/'Big Three."—V.
shares
Dec.
166,
($25
filed
par)
6%
a
p.
preferred
cars,
all
•
■
:
-
Tons
milled
Gross
value
the
bullion
Profit from
Income from
&
for
ac¬
'
,
1947
Per
—V.
total net
165, p. 939.
V.
be
165,
75,000
75,000
100,000
100,000
732,012
732,011
976,015
1,176,146
976,014
1,163,072
1,563,837
1,550,763
pfd.
(no par)
note,
at
1868.
p.
has
No;
made
called
11,
The
due
Dominion
'.
Brunswick
taxes
79,462
income
,—1
and
reserve
Utility
operating
income
Net
—V.
income
166, p. 951.
2, next,
interest.
Boston,
its
2%%
Payment
Boston,
Mass.—
.
•
Power
1947
——
excess
1——
;
1946
$377,547
$334,171
113,026
taxes——
—_——
income
Co., Ltd.
—143,902
——
profits
accruals
(net)—-—'.
Gross income
Income deductions
$342,131
$0.41
of
Elecfrical
deductions
revenue
$421,593
profits
Bank
•
New
revenues
Retirement
excess
redemption on Feb.
1, 1958 at,100 and
National
»
•
&
for
Feb.
First
12 Months Ended
Sept. 30—
Other
profit—
$3,203,304
$403,214
general
share
1,632,421
$3,221,964
—
company
15-year
will
788,925
income
Estimated
1,234,061
$2,323,247
Lynn Gas & Electric Co.—To
Pay Note—
The
Operating
Operating
18,379
Total
1,227,755
$4,846,497
1,643,193
Electric output of this
company for the week ended Dec.
20, 1947,
totaled 35,159,000
kwh., as compared with 34,264,000 kwh.
for
the
corresponding week last year, an increase of
2.6%.—V. 166, p. 2560.
Maine
31,
$4,500,096
Weekly Output Increased 2.6%—
at
Smart
.
mining operations—
investments
$4,854,385
—
par)
130,765
$1,192,139
produced
Reserve for Dominion income
and
par)
cumulative
($25
..«
Operating costs, including Provincial
royalty
346,401
$3,557,308
.
SEC
offered
Sub.)—Earnings—
_—1.—_—/_
of
deductions
Common
AUG.
257,852
cumulative
5 r/c
-i:'.
Offered—Charles W. Scranton &
Dec. 18 offered at
$24.25 per share 4,000 shares
of
stock. The issue has
been
oversubscribed. Pro¬
ceeds go to
selling stockholder.—V.
166, p. 2560.
ENDED
$4,596,533
179,695
$3,679,249
income
of
Ky.—Files
to-pay
$3,377,613
152,145
$2,451,494
on
Lamaque Gold Mines Ltd. (&
$3,527,104
income
inde¬
common
ESTIMATED EARNINGS FOR
EIGHT MONTHS
&
exps.
Income
of
V; Kerite-Co.—Stock
Co.
Oper.
(& Subs.)—Earns.
1947—9 Mos.—1946
1947—12 Mos.—1946
$17,385,860 $14,954,211 $22,895,979
$20,035,391
taxes—_
13,858,756
11,576,598
18,299,446
15,535,295
during
.
quisition of'.water properties.
$1,203,559
revenues
($100
be
300,948
sum¬
other
with
900,570
300,948
Louisville Gas & Electric Co.
(Ky.)
Period End. Sept. 30—
Other
having
cars
and
900,572
225,711
951.
p.
Operating
5 %
to
share,
Underwriters, the Bankers Bond Co.
both of. Louisville, Ky.
Proceeds will be used
$1,216,573
675,428
225,711
common
$900,283
675,429
common
166,
$1,329,262
125,703
4,492
$909,575
A
B
—V.
1947—12 Mos.—1946
$1,337,888
116,822
4,492
income
Class
1994.
■
96,480
deductions--
trade
production
letter of notification
cumulative
year
all
by next
any
the
$0.63
(Del.)—Earnings-
$996,764
92,562
announced.
144,000
than
int.
Gross
;
23
the
with
$686,475
$0.59
shares—
1947—9 Mos.—1946
expenses
Net
financing
America as
has just been
closing
$645,386
common
$1,006,630
Class
:v
autos.
exceeded
1,095,440
credit.
shortages that plagued
and
on
Dividends
a
said.
and
420,743
10,105
1357.
p.
Louisville Gas & Electric Co.
of
$10,920,000
company
of
assure
Frazer
is
output
other
company
of
the
approximately
now
1948
and
divisions
several
due
in
Bank
basis, the corporation's executives
production
of
Kaiser
and
that
automobile
pendent
of
balance
current
total
a
the
balance
a
added
passed
mer
advance
cash
a
./..They
Now
line
they
the
6,309
L
per share
166,
Total
payment
235,559
430,258
:
.
.
America.
241,989
tax—
period End. Sept. 30—
stock
1891.
p.
income
income
Earns,
—V.
value.
common
for
Miscellaneous deductions
reducing the authorized preferred
166,
$1,352,883
income
Interest
Split
48,262
$1,323,942
Total
approving
a
proposal
to
650,000 shares of $1 par
value, two shares of the
from
cents
new
Exchanges.—V.
____.
:
"After
1,200,000
3,027,316
Earned
on
stock
.
76,037
5,229
.
2,016
'204,124
par)
Los Angeles Transit
According to Henry J.
Kaiser, Chairman, and Joseph W.
Frazer,
President, earnings will approach
$19,000,000 for the 1947 calendar
year
and
'•
' $46,297/
192,000
356,690
303,563
.__
(no
7,659
81,596
taxes
company
Notes
Capital
602,106':
•
'
.
machine
payable
$6,385,889
'
Accounts payable
Account
290,501
»
I_
($0.50
p.
166,
bid¬
2559.
p.
802,388
expenses—19,399
,—_____
on.
'
-56,925',
'
517,415
_____
Deposits
364,827
(net)__
l
L,
Accrued .cigar
•,.54,981
V
36,966
2,292,467
(net):.
development,
licenses, etc.
503,078';
——24,407
&
&
91,997
_T___638,280
stock
The
not
Kentucky Water Service Co.,
Louisville,
/with sec—-
$570,421
2,207,032*
207,882
receivable
accounts
receivable, (non-curr.)—____
High speed cigar mach. on
lease, at cost (net)
Tools, jigs, drawings,
patterns, etc., at cost
Patents
planned
$1.27
.f^r'1946
1947 ,'
', $1,169,716 S
———
1,114,529*
Inventory of finished goods
Goodwill,
*
SEPT. 30
.V.,;,....
banks^.^.^.———r—______
treasury bondsr^—-—
540,000
600,000
->
21,647
v
company has asked the New York P. S.
Commission for author¬
sell $12,000,000 of first
mortgage 3'/e 10-year bonds to
to
—V.
Kaiser-Frazer Corp.—Pays Off
$12,000,000 Bank Loan.
1947,
"'540,000
outstanding——600,000
.ASSETS—
in
$762,741
payable
166,
Other
787,430
.
Feb.-6
50
par
is
accounts
taxes
,
Notes
$2,221,211
1,401,387
$1,043,767
of
stockholders will also vote
to 25,269 shares of
$1
York
they
_
vote
common
shares
be
Despite steel
Net income per
Notes
2,211,271
$2,367,578
\ per share)
—_—___480,000
Capital shares
S.
It
New
income
-
Divids.
U.
$9,940
$1,033,411
Total income
Prov. for Fed. income
Cash
The
The
Balance
Profit on sale of secur.
Net
1945
_.
of
Other
$117,504
2,680,464
authorized
to
$12,000,000
1946
16.879
tax__
institutions.
*
The
competitive
166,
possible.
2,000,000
stock
The
Co.—Earnings—
17,524
___"
—
affected
issued in
exchange for each $1 par share
outstanding.
bring the total number of shares of
common
stock outstand¬
ing to 1,188,018 16/18, the
remaining 811,981 2/18 shares to be held in
the company's
treasury.
Corp., St. Petersburg,
property improvements.—V. 155,
p. 1408.
1947
the
to
Securities
30—
88,965
17,258
4,315
"Total
of
This will
of notification with
the SEC
preferred stock to be
offered at
rentals
Total
Cost
Sept.
_„
2104.
letter
Florida
International Cigar
Machinery
Nine Months
1,017,231
new
p.
income
Mortgage
to
Leahy
7,
statement
construction.—V.
mechanical
stockholders-will
value
stock
filed
Proceeds will be used for
Sales
The
*$4.08
Telegraph Co., Fort Myers,
cumulative
Underwriter,
-V.
$83,316
98,601
orders—
38,830
change
preferred
$148,733
with
expenses
Federal
certain
Island Creek Coal
Co.—Plans Two-for-One Stock
•
6,197,929
$6.94
347,947
'
397
$576,538
payable
Other
$.3,417,304
10,542,495
$2.92
Inter
$25
2,070,993
363,294
equipment.
after
$2,070,993 $10,542,495
4,980
$652,981
Notes payable
'
Accounts payable
Customers' deposits
for
Estdy■'OtOOj-';
Net
7,197
45,821
Judge
Del.,
mortgage
for
as
102,762
204,738
:
plan.
before
equitable
7,649
178,469
247,839
/
LIABILITIES—
Co.—Registers With S>EC—
However, they
position
__J'
Long Island Lighting Co.—To Sell
Bonds Privately—
will
arrange
7,023
449
The
will
to
;
surplus
such
$50,691
205,322
173,904
;
:
—
Mar. 31,'47
$38,101
(net)—
surplus
of
use
and
first
NOTE—For
SHEET
Total
Capital
filed
used
200,000
BALANCE
(net.)
expenses
Capital
underwriters
be
assets
Prepaid
"
22
$45,821
Sept. 30,'47
Earned
the
C
:
1947—!
__—
Fixed
.
shares
pursuant
$10,503
1947
receivable, trade
Accounts
receivable, other
Inventories
/——
construction
sale,
1,
Accounts
new
$2,600,000
new
April
$0.05
the
fair
on* Dec.
possible
$3,395,993 $16,522,495 $10,357,304'
503
share
per
sufficient number of shares of the
new
to
provide
Interstate
with
either
and
p.-2559.
$6,000,000
order.
$17,443
net
—
9 Months Ended
;. 575,000
51,153
42,579
"
ASSETS—
$9,782,304
3,825,300
470,131
COMPARATIVE
proposed
outlined
166,
Proceeds
c
$581,306
tax
surplus,
Earnings
common
1,500,000
debentures
treasury in the amount
discharge obligations for
therein
company
jv.-V'
1947
/
—
income
mature
$3,635,500, being
principal amount
the
to
$8,635,500
the
30,
!
35,318
plan
$20,000,000
new
progress
purposes
of
SEPT.
exp
surplus, Sept. 30,
Capital shares
outstanding
1947--9 M0s.—1946.
$3,3-5,993 $12,697,195
taxes^^;,$6,801,260
shares
such
bonds
new
alternatives, of
covering
ding.
Sub.)—Earnings—
2,375,300
alternate
of
debentures
the
if
ENDED
exp._
Earned
«;
above
and
Iowa Power &
Light
SEC
1947—3. Mos.—la46
$4,425,960
Payments:,; received -.from. ■/""./
the
others: "*
in
or
thereby.—V.
12,248,438
profit
reflects
exemption
consisting
number of the
as
may be necessary to raise
when added to the
aggregate
stock
the
stock
determine
.
I, next, at 103
refunding mortgage
Payment will
The
new
1,500,000
U.
names
Period End. Sept. 30—
Income
—_—l
sold
Feb.
on
of
hearing on the plan will be held
S. 'District.
Court, Wilmington,
the
Bonds—
be
no
two
$18,610,500
30, July 31
paid.—V. 166,
_
Indiana
capitalizaiton
and
which
granted
securities.
$5,000,000
debentures
of
or
common"
fiscal;
April
was
a
years,
plan
and
prior to the effective date of
the plan;
(b). Payment and
discharge at the principal amount thereof
(with¬
out premium! of? the
$26,035,500 principal amount of
presently out¬
standing first-mortgage bonds.
The original
plan provided for
the
sale of the new bonds
therein proposed and for
including
was
of
plan
In
sufficient
and
completed
cents
.(not
the
on
share
per
Dec.
.on
cents
during
were
$2.10
income
and
securities
each
of
paid
was
have
(a I
Reimbursement
working capital and
:
'
Dividend—
this .payment,
securities)
Distributions
year.
p.
record
share*
per.
accumulated .undistributed
losses from sales of
net
and
.tota.ing 65 cents
will
common
amount
purposes
were
"
J
•
65-Cent
lrom
//profits
from
Investors—Pays
sale
bonds,
alternate
original
addition, there will be initially
outstanding
$1,000,000 of promissory
notes.
The
original
plan
capital
structure
consisting
of
$19,400,000
of
new
bonds and 3,000,000
shares of new common stock
(par
V
//v-;i
new
($25,000,000)
,
v
and
new
an
company's
sales
are
by toy buyers have
when1 store
year
There
90,287,411
25,176,812
Inc.—Earnings—
MONTHS
sold
expenses
Net
a-
mortgage
bonds
of
that
and. heavy
of
*
.;/
•
SIX
foreign
Selling, packing &
shipping
General and
administrative
3,184,287
2,818,282
FOR
domestic &
Cost of goods
301,329
company's
the
the
2o
$3,501.
$3.50).
acquisition of the Lindstrom
Corp. adds an estimated minimum
sales volume of
$2,000,000 to Ideal's expected 1947 total
of $15,000,000,
it
will
than
for
1
1946
Earned
the
of.
in
mortgage
(par
1947
1,137,997
Net
Co.—SEC Approves Alternate Plan.
approved
rules
more
minimum
a
•
The
was
first
not
stock
board
Secretary.
directors.
has
modifications
(I)-Interstate
in
been named
Vice-President.
David Rosenstein has been
Treasurer and Dr.
Joseph F. Michlom has taken the
past
A. M. Katz will nerve as
Chairman of the board of
appointed
of
Chairman
Power
bidding
new
;
$5,861,419
Net
Net
229,326
provides:
Lindstrom Corp. on
Dec. 19 announced appointment'
of .new executive
officers, Robert ,A. Wolie remains in the
post of President .and General
Manager.
B. M.
Mlchlbrh, Vice-President
'',
SEC
material
Manager
2311.
p.
6,437
Interstate
Novelty & Toy Co., N.
Y.—Acquisition—
166,
RR.—Earnings—
1
■
Federal income
Ideal
General
807,557
79,815
ry.
—V.
$9,543,914
2,428,012
and
as
$11,953,437
194,175
to
Man¬
$6,078',889
From Jan.
Inc.
$833,362
158,887
addition
General
.
railway——
oper.
income-—
Gross
1947—11 Mos.—1946
2311.
p.
in
and
oper. income—
166, p. 2311.
Net
America—Earnings—
19471947—Month—1946
Inc. avail, for fxd.
chgs.
$1,382,618
1788.
Net
400,000
Central
Vice-President
Vice-President
railway—__
from
EARNINGS
of
'
;
,
Rys.
a
elected
positions of Executive
Vice-President
General Superintendent have
been
Net
Technical
Nickel
elected
been
h
November—
Gross from
Division
continues
International
been
has
Lehigh Valley
head.
Copper
in
has
Comptroller.
Green
abolished.—V.
Superintendent of that
company's
Copped Cliff, Ontario, a position he
Gordon joined International Nickel
in
Research
as
W.
The
and
at
Vice-President
Andrews
T.
ager.
General
to
A.
duties
S.
690,845
$465,813
corn-
C.
his
on
products
which
Lukens Steel Co.,
director of
a
$2,263,617
153,3.j5
share—
com.
McNamara
Smelting Division
International
for
p.
which
and
Assistant" to
20,914
$570,083
167,867
—
announced
Mr.
retains.
Parker
Mining
>1936
1,659
.<
$633,680
Divs! epp.ic. to p.d. sik.
for
the period
avail,
time
fame
he
1943,
Mr.
6,852,036
_
income
Bal.
1947—12 Mos.-—1943
$3,292,273
revenues_v/>',
deductions
in
ly*7—vnviws.—-1346
Income-'3_4.1—di:
Income
President,
CoateSville, Pa.' Mr. Wickenden joined International
Nickel
and.was appointed
Manager of the Development and Research
$2,503,221 f $2,150,457
1,869,775 •
1,582,044
—-
deducts.-
income' (net)J.d__
Gross
the
position
Co.—Earnings—
Period End. Sept. 30—
rev.
J. Roy
Gordon, of Copper Cliff,
Ontario, and
New York,
have been elected
Assistant ViceStanley, Chairman and
of
Robert C.
7
Lehigh & New England
RR.—Changes in Personnel—
Stanley announced the election of
Walter C.
Kerrigan; James P. McNamara and T. H. Wickendtn as
Vice-Presidents
of the company's United
States subsidiary, The
International Nickel
Co., Inc.
In June,
1946, Mr. Kerrigan was
appointed Manager, a
position he continues to hold.
In January
1921, Mr. McNamara was
appointed
Sales
Manager for
the
company's
mill
cumulative convertible
stock ($5 pari
$2,283,898;
Canada, Ltd.—Promotions
of
Idaho Power
CHRONICLE
and
Pales,
.
of
30.
At
on
6%
common
surplus,
Federal
Parker
,
Presidents,
..'v-V,
Operating
Operating
FINANCIAL
(47)
tax
charges, $78,449;
&
64,643
56,400
35,601
31,452
$133,400
$133,293
3,637
3,139
$137,037
$136,432
23,070
56,644
$113,967
$79,788
k.
'
Co.—Earnings—
-Master Electric
»
Period Ended Sept
Net
• •'.<
30—
sales
3
"
~—- — —
Cost
Selling, gen, & administrative
exps.
Mos.—'47 4 * 1947—9 Mos.—1946
$4,557,967 $12,229,783 . $8,044,800
2,995,379
8,316,847
6,516,897
;
394,855 • 1,170,876 ' 955,956
$1,167,732 ! $2,742,061
Net profit from operations
v
18,056
income
Gross
79,313
43,906
$2,821,374
$615,854
15,074
1.
deductions
income
possible decline in market
value of inventories
Prov. for
Net
surplus
outstanding
shares
$1,423,545
$354,703
499,864 :,Y 243,932
$2.85
$1.42
$725,914
499,864
,
217,400
300,000
.
to earned
income
Common
$1.45
•
Earnings per common share
43,750
41,530
1,056,300';
-
444,800
taxes on income__
Prov. for Federal
;
$571,947
$1,185,788
.Y.
Cither income
A, due Dec. 1, 1962, at 102 and interest and 18,000 shares
of common stock (no par) at $4 a share.Y.Y'"';;:::
,'■? Debentures are dated Dec, 1, 1947,* due Dec. 1, 1962, . Principal and
interest ■» (Dec;
i
and June ' 1)
payable at office of National Bank
loans
and on deposit, $2,686,062; U. S. treasury
current redemption value, $27,769; accounts
reserve $18,500), $1,959,381; other receiv¬
ables, $16,915; inventories—estimated, $2,407,700; other assets, $127,956; 'fixed assets—at cost lleoS reserve for depreciation and amorti¬
zation $1,837,243),
$1,409,262; patents and patent applications, $1;
deferred charges, $51,852; total, $8,668,897.
LIABILITIES—Accounts payable—trade, $184,313; acocunts payable
—others, $22,202; current portion of long-term bank loan, .$175,000;
accrued ' liabilities,
$362,646; long-term bank loan (l%%-2%), $2,460,150; reserve for possible decline in market value of inventories,
$300 000; reserve for contingencies, $250,000; common stock ($1 par),
$499 864; paid-in surplus, $349,272; earned surplus, $4,083,449; total,
savings notes, series C, at
receivable, customers (less
166,
$8,686,897.—V.
p.
1053.
(Kan.),
$86,26*5
to
cash
for
mtges,
HISTORY
5,
1959
to
of
July
31,
both
charges
after
Profit
—-————
profits tax refund
Amortization of goodwill
Excess
-V.
165,
The
—•
$2,863,379
1,202,619
<Cr383,(94
112,500
Co.—Partial Redemption—
redemption
for
called
has
company
31,
Jan.
on
ment
next, 667
its outstanding 5% cumulative preferred stock at $50 per
accrued dividends amounting to 32 cents per share. Pay¬
will be made at The Farmers Deposit National Bank of Pitts¬
burgh,
164, p.
Fifth Ave., Pittsburgh, Pa.—V.
redemption agent, 307
2960.
Oil Co., Grand
McClanahan
with
Rapids, Mich.—Registers
sec—:
on Dec. 30 filed
a registration statement with the
260,000 shares ($1 par) capital stock.
Shares will be
exchanged for $1 par stock of Great Lakes Chemical Corp on the
basis of one share oi McClananan common for each
two shares of
Great Lakes common.
The offer will expire March 15, 1948.—V. 166,
The
company
covering
SEC
-
' "
2105.
rp.
have
There
called for redemption
been
on
4 Va% debentures, due Feb. 1, 1956.
Trust Co., trustee, 16 WaU St.,
coupons maturing Feb. 1, 1948 should
10-year
the Bankers
The
Line
Offered—Main
■.
)
Greensboro, N. C—Stock
Investment Co., Merion, Pa., re¬
Co., Inc.,
Chemical
Meritt
Feb. 1, next, $25,000 of
Payment will be:<made at
New York, N. 'Y.Y;
be detached and -presented
manner.—V. 166,' p. 55.>i. •*
payment in the usual
for
cently offered 41.293 shares of common stock (par $1)
at $3 per share. In addition, 19,537 shares were offered
for subscription by stockholders at $2.50 per share. The
shares are offered as a speculation.
''
Powder.
This
product
was
first distributed through drug stores in the
states of
North Carolina,
Georgia and Florida as a test operation
to determine if the sales would repeat over a period of time without
benefit of advertising.
The success of this .test led to the expansion
of sales to include the states of Virginia and South
Carolina.
During 1948 the company spent $60,980 on preliminary advertising
and sales, promotion designed to establish regional salek representation
and wholesale distribution outlets.-As a result, the services of seven
leading sales agencies contacting the retail drug trade in 34 states
were
secured, with ..wholesale drug outlets numbering
126. Despite
the fact that the primary objective of the company during 1946 was '
Dhe establishment of
such distribution rather than immediate con¬
sumer sales, the product sales totaled $29,585.
In
1947, the company set as a further preliminary objective the
establishment of distribution of the product in the dominant chain
drug store organizations. .: The objective of the company has been
accomplished by the effecting of distribution and promotion of Meritt
Medicated Powder in the leading chain drug stores.
The company has been made the exclusive distributor to drug stores
in the United States for Florida Fruit Products Co. who produce frozenconcentrated orange juice.
Several large contracts with chain drug.'.
Stores have already been signed.
; •' \f<V- V-'• Y;Y •;"
s
capitalization.
*
-
•
stock
Common
—V.
166,
C.
*
_____________
-
,•
Kan.,
the
of
'. Issued ,,Y
- "
182,460 shs.
Corp.—Sales
in -1947
$3,500,000—
President, in a year^end statement,- said:
"Sales
corporation for
1947 approximates $3,500,000 on
a
West
Middle
Corp.—SEC
166, p. 2312.
Approves Sale of Utilities'
" •
*
The corporation's application for authority to sell all outstanding
capital stock of the Oklahoma Power & Water Co., a subsidiary, to
-
.
the SEC Dec. 19."
'Immediately
after purchasing the securities, consisting of 23,141
shares
($100 par) common stock, for $1,700,000, plus/closing adjust¬
ments,' Public Service will cause Oklahoma Power to sell a'l of its
water properties to the Sand Springs Water Co., a recently organized
non-utility company, for $362,664, subject to closing adjustments. Okla¬
homa Power will apply the proceeds to reducing its outstanding bank
the Pub'ic
Service Co. of Oklahoma was approved by
-notes.'
'
To
■
obtain
funds
..
v,';
for
the
purchase
of
the
water
properties,
Sand
Water intends to sell to Middie West ail of its authorized
consisting of 4,500 shares ($100 par) common stock, for
i-;;1
- .;:;=
:-v..
Concurrently with the si'e of the water properties, Public Service
will cause Ok'ahoma Power to distribute to Pub'ic Service, as its sole
capital stock,
of
all of its property
its
Power.—V.
capitpl
stock
and
and assets in cancellation and retire-;
in complete liquidation of Oklahoma
are
In
L. P.
Industries,
Inc.
(Kansas)
—
Securities
Of¬
fered—Beecroft, Cole & Co., Seltsam & Co., Inc., Estes,
Inc. and Columbian Securities Corp., Topeka. Kan., are offering (to residents of Kansas only)
$250,000 15-year 4Vz%. sinking fund debentures, series
Snvder & Co.,
Total
of
name
each
securities
of
amounts
i
——
903,809
$2,944,777
$2,944,777
$4,329,046
1,103,691
taxes—
*.
90,992
intangibles
of
143,267
198,574
—
income
1,796,395
63,722
23,924
'139,877
$1,527,595
$2,185,784
1,415,363
1,415,363
$0.98
charges
$1.51
—
Earnings
—V.
.
2,390,377
2,861,948
1,794,013
Total
.
'
44,101
Y
Balance
$149,703
—.YJL..
State inc.
«•
v
76,125
$107,987:
-
.
on
bond
48,188
75,495
$331,195
$907,134
$665,593
bonds,
6,303
1,515
disct. amortiz.
20,244
Int.
5%
on
Net
profit
63,028
216,604
174,780
31,916
95.749
95,749
to
as
reasons
they
it it not alwaye
in exact
companies
arrange
However,
position
department operations,
tlnc'.uding
and general expenses, but not in¬
and depletion.—V. 166, p. 952.">
r,
mechanical
NOTE-—For
possible
$312,551
$358,411
$217,373
$135,075
construction
operating, se'ling, administrative,
cluding provision for depreciation
order.
175,242
84,401
-
include
not
"Does
76,210
31,916
—
taxes.
income
for
61,129
conv.
cum.
income debentures
Prov.
17.363
77,391
pit. exp., dev. exp., etc.
for depr. & depl.
Prov.
always as near
are
alphabetical
alphabetical
possibla.
Co.—Expansion in Norway—
Dec. 29 announced expansion of capacity for
producing ilmenite ore at its mine in Fredriksstad, Norway, to be
undertaken immediately.
This expansion, the second since the end
of
the
war,
will add another 50% to potential output of ilmenite
which will be used to produce titanium dioxide at domestic plants ot
this company,' the
announcement added.—V. 166, p. 1153.
National Lead
Y
on
company
Yweek
the
this
Dec.- 26,
ended
31,095
week
year
a
ago.
.,.Y
,,
•
-
$75,206
$25,344
$180,099
$81,040
income
This
Months Ended Sept. 30—
12
Operating revenues railway and bus'—
Operating expenses and taxes
Net operating revenues
Total non-operating revenues-—^
deductions;
$1,497,922
lYki
___
Fed.
of
Refund
:L_,
2
income
Gross
Total
taxes
1,476,978, ' 1,410;145
V20,943 > • • ;51,902T:
arising
inc.
on
Net
-V.
166,
in
Cr300,000
statement
Series E.
bid-
plans
company
to-use
connection with the largest
The
^prospectus
Co.
bonds at
and
the
Mutual
.
,
the .proceeds to pay • short-term debts ,?•,
construction program in its history> and ^
stated that it has
borrowed • $40,000,000 on
Apartments, Ltd, (Canada)—Bonds Not Ex¬
y.y;'-'j-
notice
to
short-
since last October, when funds were exhausted by conexpenditures.for.new construction. The company .also said thai
it expects to resume temporary borrowing after the sale of the
E bonds and .also^that .it- will be necessary to sell additional securities
during 1948 and. thereafter to meet, the: cost of its huge . construction
program.—V. 166, p. 2561L -.
Y' ^ v'Y Y.;/Y:.Y Y-\'Y'f'
\
i, "X'-v'Y".,
■ ;*<■ -/ .
u..>• ♦ .• f-!y" *•*' 4
/
*
North American
Light & Power
holders
of
4%
first
(closed)
mortgage
sinking
fund
bonds says:
;-Y:'
■
,YY ^
:
As the adjourned meeting of holders of 4% general mortgage bonds
held on Dec. 3, 1947 to consider extension of the maturity date thereof
Co.—Dissenting Hold-
June
1,
1962
tension of the
was
dissolved for
lack of a quorum and as the ex¬
first (closed) mortgage sinking
maturity date of the 4%
bonds to Jan. 1, 1962, was contingent upon the extension
of the maturity date of the said 4% general mortgage bonds to June
1,
coupon
1962,
fund
the maturity date of
bonds will not
coupon
the 4% first (closed) mortgage sinking
be extended and remains as set out
.
gtor»k, * ''"
Y' '
••'■.'*' '• '■. ' '
plan
The
v-
.
*' '
u
" . '.
\
approved by Judge Paul Leahy
was
.
of the Wilmington,
District Court on Oct. 27.
In
appealing the District Court decision the dissenting group will
not apply for a stay of the dissolution,
in which they are offered
$7.50
a
share in cash or the alternative of three-tenths share of
Del.,
Power
Illinois
The
common
common stock.
stockholders' group
Co.
is willing to have
the preferred
take-
off at par and dividend arrears, as now planned, and to
the three-tenths share of Illinois Power allocated to them.
They
reserve
the right through the appeal, however, to collect
whatever else may be due them in the event their appeal is successful.
—V.
166
p.
Y '
1996.
Shares—Distributions—
The City Bank Farmers Trust Co., trustee, 22 William Street, New
York, N. Y„ on Dec. 31 distributed nine cents per share on the
1°55 series and 13.4 cents per share on the 1956 series upon presenta¬
tion of coupon No. 33 in each case.
These payments are for the semi¬
annual period ended Dec. 31, 1947.
On July 15, last, 8.6 cents and
North
20.4
therein, namely Jan. 1, 1954.
The changes in the sinking fund
provisions relative to the said 4%
first
(closed) mortgage sinking fund coupon bone's as passed bv ext-aordinarv resolution will become effective as
from Dec. 1, 1947.—
V.
155, p.
192.
•
Appeal Liquidation Plan—
V
The
plan for liquidation of the company will be appealed to1 ithe
Third Circuit Court of Appeals in Philadelphia.
lit
';,Y
The appeal i£ being taken by Percival E. Jackson on behalf of holders
of approximately 24,000 shares of the North American Light common
coupon
to
_
to
ers
paid
A
.
tinued
issue
100 and interest to Northwestern Mutual.
Life Insurance Co. of New York.,
The sinking fund notes were sold to Northwestern Mutual, Connecticut
Mutual Life Insurance Co. and Provident Mutual Life Insurance Co.
Proceeds will be used to pay for additions
to the company's public
utility properties made necessary to supply the demands for its serv¬
ice.
' "...Yv'v
^ YY
Y.'
City Bank
Farmers Trust Co. has been
designated trustee and
paying agent for the issue of $2,500,000 3% c/9 Sinking Fund Notes due
Nov. 1, 1967.—V.
166, p. 2212.
v / f
: - .^Y;
$1,500,000 of 3)4%
tended—
-
notes
term
Pri-r
$500,000 of first mortgage bonds, 3% series due Nov. 1,,;
1970; $1,500 000 of first mortgage bonds, 3Vs% series due
Sept. 1, 1972; and $2,500,000 of 3%% sinking fund notes,
due Nov. 1, 1967.
r;:
'// . •/
v-.The $500,000 of'3%J bonds were sold at 97.978 and Interest and the
Insurance
with SEC—
•
Series j
vately—The FPC has authorized the company to
life
Telephone Co,-CRegisters
-
"
Ded. 30 filed with the SEC a registration
$60,000,000 • 30-year, refunding
mortgage bonds,names of the underwriters will be determined by competitive
^/The
420,525
2312.
p.
New York:
The
$233,287 i $1,041,522
income____
'
The company on
covering
from
profits credit——
carry-back of unuSed exc.
•
corresponding week a year
2663. *
:
-
>$1,462,047 •
1,564,634 V
ft. for the
190,822,000 cu.
p.
Transport Co.—Earns.
/
.
1947 V ■ - 194© K
$16,843,719 $1-6,959,767
15,366,740 15,549,622
cu. ft.
production
ago.—V. 166,
,
of
Milwaukee Electric Railway &
...
..
output for the Dec. 26 week is reported at 246,659,000
is an increase of 55,837,000 cu. fW or 29.26% above
Gas
Net
<
reports electric
of 1,529,950 kwh., or
for the corresponding
Association
of 14,012,352 kwhj This is an increase
12.26%' above production of 12,482,402
kwh.
output
53,288
„
Association—Output—-
England Gas & Electric
New
For
$159,589
v
93,417
110,551
$590,097
6,160
71,109
Other deducts., incl. idle
45,848
$221,5241 Y $146,449
27,688
30,874 if*'"-
47,288
3,482,494
$836,024
> '•
$113,741-
"
38,462
'
21,376
taxes_
Interest/-
$245,398.--
'U
5,507,009
$283,007
—
income
1st mtge.
Int.
1,169,449
$105,602';
1,445,359
$342,867
$349,027
profit
Other misc. income
$1,283,190
;
2,261,433
sold-
"tCost of products
1945
1946
income____
1947—3 Mos.—1946 /
1947—9 Mos.—1946
$2,604,300 $1,728,366 $6,343,034 84,072,591
sales
Operating
.
Corp.—Earnings-
National Fireproofing
Ended March 31-
$1,902,000
Other - income
—
i.
Period End. Sept. 30—
"Net
The
1947
Expenses
————-
share
common
per
16S, p. 1257.
7,200
$3,107,346
31, '47
.income
net
outstanding—
Shares
3,600
3,600
$2,495,978
Oct.
&
$3,422,236
1,020,339
Federal
for
Consolidated
STATEMENT
-Years
10 Mos. End.
Fed.
--
——
16,064,408
$1,924,437
j
—
19,720,643
3,600
50,000
50,000
-
•
EARNINGS
CONSOLIDATED
oper.
1946
1947
$21,645,080 $19,486,644
.
-
Miscellaneous
Shares
50,000
;
.
Inc._
& Co.,
Seltsam & Co., Inc
Net
(& Subs.)—Earnings—
_
Amortization
underwritten
$100,000
Corp._„__
Securities
Snyder
Estes,
3,368,459
expense
Provision
underwriter, and
are as
principal
severally
& Co._
Cole
Columbian
Lines, Inc.
—
Interest
anxious
Debentures
fund
16S, p. 1686.
Midland
an
organization
appliance
Montreal
$450,000.
stockholder,
became
Industries
that- Midland
Beecroft,
39,157,250
9,825,818
3,007,573
2313.
p.
expenses
income
Other
heating,
cooking
and
refrigeration facilities made
farms and homes not
accessible to natural gas, it was
respective
35,199,849
7,572,750
from
Income
follows:
--.v.
Springs
ment
Midland
mergers,
Montana-Dakota Utilities" Co,—Securities Placed
production volume of nearly 700,000 units."—V.
Stock—
were
UNDERWRITERS—The
the
163,
revenuej.
Operating
with trained gas employees and a
should interest itself in liquid gas.
As a result Union L. P. Gas became a subsidiary in 1945.
:
The
fixed
property of the three divisions and the wholly owned
subsidiary
shown
above
represent approximately 70%
of the de¬
preciated fixed property of Midland Industries which totals $1,109,037.
In
addition
the
company
owns
several other pieces
of city real
estate
as
well
as
extensive
acreage
of land in 'Elk,
Montgomery,
Chautauqua
and
Wilson counties in Kansas.
Thfe latter property
was
acquired in the main in connection with mineral rights and gas
storage facilities needed by the parent- company.
:
:
•
Bumper
Operating
milk and manufacture ice cream, butter and other dairy
lor
both
wholesale
and
retal
distribution in Southeast
to
1,605,664
income
National City
modern
available
26,638',882
1,076,702
563,756
28,587,289
4,465,924
railway——
oper.
and
natural
1944
$3,593,512
667,886
310,605
9 Months Ended Sept. 30—
Kansas.
With
1945
$2,516,079
"160,495
52,533
1—
railway
"Deficit.—V.
,
Authorized
^ 500,000 shs.
-
par)
..
ry.
\
Woodhouse,
a.
Volume
'',
($1
1483.
p.
Michigan
;v
r'
,
■.
.
from
to build a summer gas load for
Union Gas System,
and with this in mind were one of the pioneers
of alfalfa dehydration in Kansas.
The first plant of the seven plants
now
owned by Midland
Industries was started in Independence in
1940 and was soon followed by a second plant at Fredonia,
The
merchandising of gas appliances, both wholesale and
retail,
fitted
in
with
the load building
program
and resulted in what is
now
the
Union
Appliance
Division
becoming
a
part
of Midland
Industries.
.:;Y1 5."Y^:;.
•
Th third divisoin, Glencliff Service Division, operates three modern
creameries in the Midland Industries service area.
These creameries
products
Louis Ry.—Earnings—
and
Medicated
Meritt
and
through
pasteurize
England Electric
1946
"201,079
income^
oper.
Jan.
Net
engages
in North Carolina
Nov. 26, 1930.
Company has been engaged in the business of man¬
ufacturing and distributing drug products of a proprietary nature.
The principal product has been an antiseptic powder under the brand
name
its
SEC to boruow up to $6,-
$2,447,171
"22,393
508,850
;
Midland
from
-.
company.
transfers
Midland,
BUSINESS—Company was chartered
COMPANY &
parent
these
of
and
company
railway
from
Net
its wholly owned subsidiary Union
in a fourth activity, that of installing
suburban homes in southeast Kansas with
liquified petroleum gas (propane).
This service is provided to-patrons
who are not in the proximity of natural gas facilities. •
The
officers
and
management
of
Union
Gas
System,
Inc.,
of
and
seasoned
Corp.—Partial Redemption—
McCord
the
of
Independence,
of
ry.
From
assets and liabilities being
operations being continued
its
liquidated,
was
parent
System, Inc.
serving farm
Gas
and
Share
the
result
a
addition,
3054.
p.
Net
244,000 shs.
changed
1947
$2,930,649
"'*
516,830
railway——
from
from
$105,793
250,000
operating company with three principal divisions, all of which
actively
engaged in separate and diversified lines of business.
_u__.
May, Stern &
shares
—
__
(name
•;
k.m
by the
been authorized
Nashville Chattanooga & St.
FINANCING
250,000 shs.
$0.84 •"
will use
November—
Gross
Outstanding
$250,000
$712,241
845,752
$2.00
the proceeds to temporarily finance its construction
program to the end of next May, and to retire $3,000,000 of outstand¬
ing notes.—V. 166, p. 2212.
city
BUSINESS—Company
Midland
to
division
a
As
$1,932,054
profit
Net
——
——-—-—
taxes
Income
as
Ended Sept. 30, 1947
the Nine Months
PRESENT
$0.36
;
Electric Co.—To Make Loan—
has
company
Gross
par)
(no
AND
of
>
$0.63
\""-V.
v.
System,
1946, Glencliff Service, Inc. and the Union Appliance Co.,
corporations, were merged with Midland,
and at the
Elk
Valley
Alfalfa Mills,
Inc., a
former wholly owned
time
<
500,000 from banks. The company, a subsidiary of New
Kansas
transferred
845,752
845,752
$1,696,913
'845,752
$634,000
Narragansett
Co., Inc., June, 1945) was organized in Kansas on Oct.
operate non-utility assets of Union Gas System, Inc.
As
Investment
same
Earnings'for
and
lands
farm
on
stock
subsidiary
consolidated
TO
EFFECT
GIVING
(various maturities)
4%% sinking fund debentures
15-year
of
The
,
> $535,897 V;1 $303,648
668.
p.
v!
,
refund of prior year's taxes arising from'carry¬
net operating loss and unused excess profits credit.—V, 166,
"Includes
Net
property
Common
,
shs'.' outstandingEarnings per com. share %
capital.
working
Authorized
Co—Earnings-
Max Factor &
and the
additional
CAPITALIZATION,
Term
-•
Com.
back
1947—9 Mos.—1946
1947—3 Mos.—1946
Fed.
after
income taxes
contracts
be added
and conditional
approximately $145,000 will
mortgages
chattel
balance of
and
$68,500
ol'
Corp.—Earnings—
"
profit
(estimated
stock
of
trustee.
Motor Wheel
Period End. Sept. 30—
Net
proceeds of the sale of the issue of debentures and
at $303,000)
will be used to retire bank
PURPOSE—The
common
SEPT. 30, 1947
hand
on
Topeka
—
BALANCE SHEET
ASSETS—Cash
Redeemable at option of company, as
a
whole or in
part,, at any time on 30 days' notice at 105 to and
incl. Dec. 1; 1952;
thereafter to and incl. Dec,; 1, 1953 at 104V&%;
thereafter to and incl.
Dec. 1, 1954 at 104%; , feo and incl. Dec. .1,
1955 at
103'/2 %; to and incl: Dec. j, 1956 at 103%; to and incl.
Dec. 1, 1957 at 102'/a %; to and incl. Dec. 1, 1958 at 102%; to and
Incl. Dec. 1, 1959 at 101 % % i to and incl. Dec. l. 1960 at 101%;,;
to
and
Incl. Dec.
1, 1961 at 100V2%; to and incl. Dec.
1, 1962 at
100%; in each case plus interest.
Also redeemable through operation
ol'
the sinking
fund on 30 days' notice on June 1, 1948 and Dec.
1, 1.48 and any June 1 or any Dec, 1 thereafter to and including
Dec.
1, 1958 at 102,: reducing thereafter Va%
on Dec. l each year
to Dec.
1, 1962; in each case plus interest.'/ .: YY
vy
of
Monday, January 5, 1948
CHRONICLE
& : FINANCIAL
THE COMMERCIAL
(48)
*
In
cents,
1946,
American Trust
respectively,
the
paid.
1955
On
V.
were
the following distributions were made:
series—July 15,* 6.8 cents; and on
On
the
1956
166,
p.
161.
series—July 15,
7 cents;
Dec. 31, 7.8 cents.
and on Dec. 31, 6.8
cents.—
•
,
'
income
gen}
1944
194S
1945
$116,614
$91,493
1947
*
$196,734
.U---
prod. leases
Produc. exp*
and
-
The
$89,614
-
for
1,670
18,834
16i678
13,089
3,923
3,699
330
2,22&
,
:t
,
than Fed.)
4,500
3,750
4,500
34,396
27,648
income.™
(div.
&• int.)/
inc. -before
taxes
1947
$115,379.'
was
the
213,800
...
Fleetwood
the
of
Industry
SEC
Frank
,
166,
Investment
"In
& Water Co.—New
tion
(& Subs.)- -Earnings—
1947
V 1946
$
Net
operating
revenues
income
Miscellaneous
Period End. Sept. 30—
for
Prov.
—
...
and
30,281
153,937
191,642
Operating
"Special
122,371
54,052
200,174
Net
disct.
.
Lowell,
income
transferred
24,796,746
73,334
58,763
178,562
265,318
86,523
67,733
294,987
282,768
$155,667
$186,926
$605,048
$599,388
353,557
13,827
308,507
v..
.
income
__1
income
Balance
and
on
16,365,889
Balance
392,902-
_
Earnings 'per
—
12,522,548
4,470,426
share—}
common
$2.55
$2.71
.
—
—
Gross
>'
income
,
$509,224
$200,753
$913,554
51,297
239,582
Net
income
*
206,563
$450,414
______
"Equivalent
$f592,290
58,810
$149,455
;
bond
Months
12
Registers With SEC—
The
company
SEC
covering
Jan.
1,
1968.
Boston Corp.
Dec.
on
22
$10,000,000
filed
registration
a
sinking
States
Co.
Power
pany's Dissolution Proposal
Fairly—Rejects Plan:—
'fhe SEC
because
does
stockholders.
its
In
ferred
left
door
the
on
in
basis
of
83.27%
change
the
company's
basis
class
Another
company
be
•:
in
■—V.
the
Delaware
•
and
stock
the
to
B
common
of
a
parent
">
Delaware
to
company's
stockholders
company
16.73%
and
the
of
plan
stockholders from
the
required
the
request
certain
by
the
of
participants
Minnesota
company
Class
for
that
from
cumulative
of
part
Coiumon
States Power Co.
Operating
Oper.
opinion
1
.will
new
6%
[Excludes
&
(Wis.)
(&
-
5,522,685
4,746,173
$1,696,380
$1,702,383
150,690
*245,004
Years:
income-^
oper.
;
Other
income
181,010
(net)
,179,832
.
to
7,420,435
-6,420,464
1946
$2,155,371
$2,037,087
Outstanding
!^'v
store
''Eight
.
Gross
income
Income
Net
$1,876,213
deductions
income
$1,853,074
562,151
L 888,578
758;7.82
%
$1,167,073
pividends:
.v-'-Cum, preferred,.5%—
$1,290,922
$1,511,797
ENDED
purchased
JAN.
"20,351
Common
—V.
20,351
•-..'•27,135
27,135
786,595
•"
802,198
1,064,397
by
Palace
Other
Misc.
Income
Operations-
(Not
at
166, p., 1257; '
: :
,
Topeka,
Clothing
Fed. Taxes
of
Northwest Airlines, Inc.;
company
on Dec.. 24 filed
Other
139,836
6^338
20,497
125,677
150,687 "
32,088
10 258
48,501
14*277
SEC
covering
has
agreed
holders.
Atlas
shares
the
on
Proceeds
Corp.,
to, purchase
The
holders
shares
83,333
stock.
ferred
will
Sept.
•
'
2,718
244,586
172,517
share
pay-off
Northwestern Public
Period End. Sept. 30—
Operating revenues
Oper. exps. and taxes
Net oper.
Other
$1
cumulative
each.; six
728,401
$4,632,665
12T>
\
stock
In
;
v
is
$833,556
327
Int.
income;
other
and
Net
$149,557
deducts.
income
—V.
166,
:$173,679
;.
55,420
43,320...
...
$106,237
—
•
y $118,258
a
the
No.
of
Co.—Earnings—'"-r.-y,..:,
Earned
.The
The company
names
'
r
-
the
on
Dec. 22 filed
_
—
be
'
'
450,235
450,235
$0.4T
-V
—v.
deductions
on
a
registratioh
used for
With SEC—
rev.
.Net-operating
Other
income
statement with the SEC
of
mortgage
bonds,
series
due
1978.- The"
will be-determined by competitive bidding.
construction.—V. 166, p. 2562.
income
.
___'
-
K.
Baum-&
income
166,
p.
953.
$4,030,232
405
$5,120,326
$5,128,356 -$5,409,777
$5,409,288
_
489.
$3,983,751
$4,0.30,637
'<*; 974,99.7
1,043,353
1,340,005
1,814,639-
-
$3,008,753
$2,987,284
$3,788,351
$3,595,137
■■
of
owns
only
30%
of
the
Sickle,
2314.
p.
'
;
"*
is
The
•
and
of:
a
taple fiber- plant in
has: allocated for a
,
the
,;J;'
•
to
million
of
the
Jews
"
shares
of
from
the
corporation,
of
the
incorporation
700,000
will
to
and
stock
same
also
be
2,500,000
outstanding
without
any
considered.—-
Proceeds
3172.
-
$6,960,306
: >
$7,971,266*
'
'
1,615,156
1,701,875*
.
;,.v ' ■
inc.
%
55,327
$4,097,484
$4,867,966
1,473,420
1,473,420
/ 3,774l
103,926
.
$5,241,223
$6,273,166
.
2563: " "v
p.
1947—12 Mos.—1946
•,
suh,..%r ! 130,728
v
street
.450,000
-
output
1,473,420
450,000
202,005
202,005
1,473,420
450,000V
'600,000
:
,
•'
269,340
790
790
1,946,492
202,005'
790.
790
1,946,492
2,854,855
2,854,855
-
of
Co.—-Weekly Output-
this
and
company
Dec.
27, 1947 amounted; to
kwh.; or 4.9%, over the
its
subsidiaries
for
the
136,210,00Q
kwh., an increase
corresponding week of 1946.
266^'f
-:";v
The''
company
through., arrangement
with
Philadelphia
National
has sold, $1,140,000 equipment trust certificates, series
J, to a
of seven Philadelphia banks.
Proceeds from the sale, together
group
with
company funds,
buses
will be
costing $1,720,000.
issue, carrying 3l/o
used to finance
the
purchase
of
110'
new
'
:
,
interest,
is dated Dec.
1,- 1947, and matures?
Jn 12 semi-amrual' installments from June 1, 1949, to Dec, 1, 1954.
Purchasing banks were. Philadelphia National Bank; Pennsylvania Co.
For, Banking & Trusts, Fidelity-Philadelphia Trust Co., Land Title
Bank
&
Trust Co.,
Title
No. of Shs."'
...
p.
£>ubs.)—Earnings—
non-<?umul._
electric
Bank
&
Trust
Corn Exchange National Bank & Trust Co., Liberty
Real Estate Trust Co.—V.. 166, p. 2314.
Co.
and
1,000
_
2
_
'700
Phillips Packing Co., Inc.
'
6 Mos. En(i. Sept. 30—
and
shares
10
The offering
of
Offered—An of¬
stock
common
$5,000,000
area
combined
of
viscose
Palestine
filament
which
-
The
Palestine
momentous
and
to
ability
of
the
expected
to
settle
create
country
there
decision
this
of
Jewish
to
absorb
in
the
1944
Other
profit
income
$343,316
—
$1,158,112
8,381.006
369,513
$784,235
81,863
137,754
386,342
113,814
$425,179
$1,544,453
$898,040
-
,
$2,081,037
$9,534,756
at
Total.income
__i—
17,196
$2,218,791
4,271.
taxes-
151,200
835,600
—
"
-
Interest
paid, etc.
Federal
income
13,518
State
years
taxes——
income
Prior
17,475
110,750
549,000
5,000
7O~050
1,700
adjustment-
107.850
895,000
Fed. excess profits taxes
4.500
8,789-
rayon
the
■
state
raised
Net
profit
estimated
ten
years.
$255,083
on
$511,397
$219^225
007 4.70
17,088
237,478
475',000
237,4-78
475.000
475,000
$0.54
$2.88
paid on pfd. stock
Divs.
$1,368-,871.
475,000
——
Divs:
-
Common
Earns,
com.
stock—
shares
per
'•*
United;
the
next
1945
,
and
United Nations'"
the
Subs.)—Earnings—
1946
—
Operating
.
made
was
(&
.1947
$6,897,925 $12,433,930 $12,027,933
Cost of* goods' Sold——J " 5,972,597
9,907,493
10,487,761
Admin, and sell, exps..^
582,012
445,400
362,060
David
Palestine.
partition
•the -question
one
in
splitting
:v-
1,201,406
6tbcki^i___.*
6,368,000
-v. 166, .p..
•-
state
been
Fifth
501
Philadelphia Transportation Co.—Financing—
commitment
D.
Jewish
of
consider
$6,124,699
preferred-
of
;
that
company
a
1,000
Inc.-
the
will
certificate
1,144,687
undis-
.
ended
The
Jewish
state
is
projected by
the corporation,
Rosenstein, President of the corporation, announced...
"The
reception
accorded
our
first
stock
issue,"
Mr.
Rosenstein
said, "is extremely gratifying,-since it demonstrates great confidence
in the practicability of rapid," large-scale industrialization in the new
Leo
Ltd.,
.
shares
Philadelphia -Electric
The
The sale of the
(building
Co.,
.
preference-;
5 %
-V}: 166-,
by Samuel J.
Segal, both of West Hartford,
stock, it was announced Dec. 30,
extremely successful, with very little left for sale.
Rosenstein
Jan. 22
common
cumul," preference-
week
.•
advised
in
cumul.
Pfd.
features
-
1
&
of
$6
Common
the
common
Co.
preferred stock
:Conn.
$3,983,337
413
Van
166}
Nations
Total income deductions
Net
company
s
featured.
are
$1,000 peri unit
1947^—12 Mos—1946
8,030
organization
fering of 14,500 shares $1 dividend cumulative conver¬
tible preferred stock (no par) and
29,000 shares of class
B stock (par, $1) was made Dec. 23 in units of 50
shares
v:
$14,925,963 $13,769,576 $19,648,275 $18,281,367
deducs.
-10,942,625;-- 9,739,3 44 14,527,949 .12,872,0,79"
income
Gross
the
Palestine Rayon. Corp. (R. I.)—Stock
$0.35:
-
,
1947—9 Mos:—1946
Sept. 30—
store
-
Excello shirts. .Beau Brummel, and; Resilio neckwear and others..
also maintains a Budget Department in which popularitems
on
corporation's
the
public-
$5
operation
Clothing Co.: of Topeka, Tnc:' i;';
The
•
Kohorn
.$5,372,900
by
Net' sales
revenues—
Total oper.
Palace
the
is
Palace
to
the- time-of
the company
apparel.
through
have
$12,394,363 $11,936,267 $15,675,675 $15,487,337..
7,021,463
5,811,567
8,715,368
7,516,070,
____
stks.
cap.
held
6% 1. cumul.
.
Oklahoma Gas & Electric Co.—Earnings—
Period End.
Operating,
The
sold
and
at
state
$13,057,923 $12,362,915 $16,430,793 $16,051,747663,559
426,647 J
755,118
564,409
income.
Dividends:
.
company
Kenneth
1946
$155,863,
'
store
Presoott-Wright-Snider " Co,
first
underwriters
will
Proceeds
Mo.
time
they -have-: divided the aggregate, underwriting
among"themselves as follows:.
;
v-..
,v
$r0,000,000
of
issued
,
Jewish
construction
1947—9 Mos.—1946
—___
Consolidated net
1
initially
-iuv;'-
ta,xes_____
Ohio Public Service Co.-r-Registers
covering
present
UNDERWRITERS—The underwriters have
222,892
$6^100.
,,
1947
outstanding——
2422.
p.
stock
Palace
wearing
wear,
1 1,436
$209,648'
:
share—
per
—V. 166,
.'
and Fed.
the Palace
was
-.v
after charges
shares
the
City,
over
Oscar
and
$51,561,112. $44,688,657 $67,020,048 $60,230,892
38,503,188
32,325,742
50,589,255
44,179,1451
r.ev
"tributed inc. of
formed for the
was
v
3 Months Ended Aug. 31—
Net earnings
at
for -the
design
extensions, etc.—V. 165,
(net)—
.Minority..-int.
general, it may be stated1 that the Palace store in Kansas City
modern store; handling, the better grade men's
women's, misses and
George
Oak Mfg.
company
Kansas
^turned
2313.
p.
Missouri
$834,991.
172,127;:
$670,877
was
common
priced
$843,004
in
nationally advertised
quality, lines, ..including Kuppenheimer, Michaels-Stern, Fashion Park
and Chester Barrie men's,
clothing, McGregor & Catalina sportwear,Dobb hats,
Florsheim shoes, Arrow shirts, handkerchiefs and neck¬
3,149,389
$841,894
r
G-ross
1945
of
boys'
$3,982,945-
3,790,770
$173,352
the
.that at the present time
;
incorporated
was
subsidiary was-then owned by the parent company. Subsequently addi¬
tional; shades of common- stock were issued to others, with the result
held.
shares
the
of
1947—12 Mos.—1946.,
$901,*753
.
$149,434
income
•
stock¬
stock¬
other
common
Service Co.—-Earnings—
$1,031,9-12
C 882,478
income-
by
to
common
of
of
new
of
deducs.—
income
Divids.
and the first store of the enterprise
store-ih
Board.
2422.
p.
revenues——
income
Net
at Topeka,
Clothing Cq. ' of '
purpose of acquiring the store
from
the, parent company,' and the merchandise inventory
fixtures
and other assets were sold to the
subsidiary as of Oct. 1, 1945. 74%
1
pre-
stock,
common,
indebtednes&.-i-V. ;166, "p,y2562.
1947—3 Mos.—1946
„
for
for subscription
for
convertible
shares of
100,000
not. Subscribed
be offered
one
to
used
of
capital
166,
operating
Income
^Kansas.y'In-1894 the partnership opened its Kansas City
business
the
Pittsburgh, Ry. and- subsidiaries and other
street-railway subsidiaries of Philadelphia Co.)
Gross
,
1947.
30,
BUSINESS—Company
Topeka, Inc.,, which
registration-statement -with-the-
a
par)
all-shares
will
basis, of.
be
(no.
owner
three
237,018
59,908
202,794
187,394
AND
the-Palace
Kan., in.
Boston—Registers with SEC
The
into
140,073
ended
,
Rosenstein
apparel.
at a meeting
three-for-one.
revenue
Net
$138,836
57,758
,
eco¬
Palestine, and the projected
including
Operating
.Oper.
v-'.'-;■-U':
%The
•
firm
Prof, before
$71,745
'store.
1,136,193..
,
the
Period End. Sept. 30—
Deduct.
partnership;
.
'
V.
31
April 24, 1923. The business of the company has been in continuous
operation . under substantially the same management for nearly 60
years.'. It ;was orginally established in- 1883, by the founders, as a co¬
$1,459,315.
with
credit
of
and
engineering
.
Philadelphia Co. (&
10 119
HISTORY
$2,218,097
709,139
..
_—_
$2,400,375
building
fabrics
for
the
in
'subs,
.
the
will be used for
$14,694
months
joined
mortgage bonds, 3 Vg% series due Dec. 1, 1967.
'V-':
3,791,598
the
among
,
4,300 shs.
v
2,407,832
from
finance,
Peninsular
•
187,712
—;
organized by
selected
industry,
Telephone Co.—Bonds Placed Privately—
Morgan Stanley & Co. and Coggeshall & Hicks, it was
announced Dec. 31, have placed
privately $1,500,000 first
'
-y—3,190,327
of
may
stock
also
3,000,972
."1947
■
Advisors
being
fields
Palestine
stock
change
See
$195,887
:
1945
of
is
12
has
stockholders
-
$8,457,551
Board
of
the
in
New
common
share plus dividends.
per
YEARS
Profit from
Sales
Inc.
shares, and to change and convert each share of issued
2,776,835
1944.
the
of
Board
leaders
amendment
to
the
increase the authorized
—$2,296,377
1943
1947
Net
Topeka
member
Advisory
An
with other
funds
of the
retire all of the outstanding
'
1947—12 Mos.—1946
$9,575,806
of
Mills,
Paraffine Cos., Inc.—Stock Split
Proposed—
The
2,950 Shs.
and
EARNINGS
Total
■
Roosevelt
at present no rayon plants in
the first of its kind, Mr.
into
common
together
redeem
of
national
rayon
.
OF
Saturnia
York, with an option on a contract in view, Mr. Rosen¬
stein revealed.
The factory
as now planned,
he said, would, include
a
power plant,
garages, 'warehouses, and the latest machinery
and
processes, for
rayon. production.
Living, quarters and cafeteria for
workers are also planned.
/'
;
FINANCING
4,300 shs.
preferred stock, at $102
Inc.}'in. 1945.]
,
Subs.)—rEarns.
$6,448,557
taxes
proceeds,
S.
textile
training at Lowell Textile Institute,
1st President of Hartford Spinning, Inc., and later
the Roger
Fabrics Corp. and executive Vice-
a
An
of
of
Avenue,
Mo.
5 000 shs.
:
used ^6
operations
Topeka,
City,
PRESENT
TO
par)—.
par)
SUMMARY
Co. ,o'f
Kansas
EFFECT
stocky 1947 series
net
be
%
($100
S.
Mo.—Preferred
Authorized,
(no
.
$7,219,066
revenues—
expenses
stock
v.;
1947—9 Mos.—1946
>
$1,449,431
City,
the
offering price.
Trust Co.,
GIVING
pfd.
company,
'
Northern
Period End. Sept. 30—
Commerce
stock
shares of
the
rights.
voting
Kansas
stock—,
5% cumulative
Electric output of this company for the week ended Dec. 20,
1947,
63,585,000 kwh., as. compared with
58,352,000 kwh. for the
corresponding week last year, an, increase of 9.0'%.—V. 166, p. 2562.
:
of
First, preferred
that
also
totaled
,
agent,
PURPOSE—The
Weekly Output Increased 9%—
Co.,
aboard
options on building contracts
which is expected to approximate
spinning
entered
officers, shareholders' and former shareholders
CAPITALIZATION
V
stocks be given cumula¬
and common
dissented
provision
—
encourag¬
industrializa¬
Zionist
"rayon
export
704.
Clothing
Transfer
10-to-I
12y*-to-l.
to
directors
Hanrahan
1,979,488
effect of
speeding
obtain
be
possibility
$3,586,267
2,136,836
_.
the
thus
Palestine
for
and
offering,
Treasurer
Negotiations
$1,664,391
deductions
of the company at the public
be
'r;..'
required.
•
33,392
$3,643,879
have
and
produces no cotton or wool;" Mr. Rosenstein
well:, become the national fibers
He
added
that
and weaving equipment in the-country, which ac¬
cording to Jewish Agency estimates increased five-fold during
the
war,
can
handle rayon in addition to other fibers.
If
the
present
world shortage of rayon
continues, he declared, there is the additional
$3,552,875
Dr4,944
type,
land
prominent
"Because
$3,648,823
1___
income
166, p.
certain
common.
further amended to
participations of the Delaware
common
company's
board
deductions
doubtless
of
Doft,
are
present
Offered—George K. Baum & Co. and PrescottWright-Snider Co., Kansas City, Mo., and Kenneth Van
Sickle, Inc., Emporia, Kan, early in December offered
2,700 shares of 5% cumulative preferred stock, 1947
series ($100 par), at par and div.
In addition 250 addi¬
tional shares (not underwritten) were offered
directly to
imposed by the Commission is that the Minnesota
stock be given limited pre-emptive rights and that
new
—
revenues—
and' other
will
received
the
would
said,
Stock
.
.
of
should
plan
share
per
class
the
;
1946
$15,398,336 $13,889,448
11,749,513
10,336,573
income
Palace
;
that pre¬
company's
condition
Commissioner
whi.ch
of
distribution
the Minnesota company preferred
tive voting rights.
It rejected a
election
78%
preferred
stated
the
of
A
proposed
the
to
also
...
in¬
of
emphasized.
Its
capacity, approximately 2,500,000 pounds of filament yam
staple fiber per year, woftld equal the amount of rayon
currentlyconsumed
in. Palestine,
which
at
present
must
be
imported.
The
plant is being planned with an eye to expansion, he
said, to meet
the expected growth in Palestinian
population and industrial capacity.
1947
,
process
and
common
..
proposed
common
.
,
the
productive
_
from
vs
'
of
place in Palestine, we are plan- :
manufacturing plant which will
and equipment available anywhere.
this
world,
;
about
'7''
plan
The Commission
ratio
company
to
amending the plan within 15 days to meet
which event the Commission said it would give
Minnesota
of
the
plan
to
open
changes
company's
holdings
of
participation
company—and common stockholders 22%."
approval.
The
dissolution
arising
income
on
2422.
pw
income :. (net)
Net: interest
-V '<■
receive
operating
Gross
stock of Northern States Power Co. of Minnesota—
common
the
suggested
its
sufficient
the Commission held that fairness requires
should
Net
Other
Net
the
taxes
166,
continuation
rayon
leaving
stock
was
become
There
due
Says Com¬
Treat Common
Not
Does
rejected
''"V,
7;.i"
the operating
It
the
with
bonds,
(Del.)—SEC
provide
not
opinion,
holders
holdings of
24
Dec.
on
it
trust
Federal
etc.-W.
End. Sept. 30—
Operating revenues, —
Total operating revenue
Underwriters, W. C. Langley. & Co.
and The First
Proceeds will be used to< pay bank loan.—V. 166, p. 1359%'
-
Northern
-
statement
collateral
fund
in
operations,
has
mill
Pacific Power & Light Co.—Earnings—
$785,727
$673,972'
to -reductions
refunding
this
prompt
to be composed of leaders in the field of
rayon and textile manufacture,
is being gathered.
Mr. Doft, President of the Princeton
Knitting Mills,
one
of the largest in the
'
Income deductions
of
for
nomics, law and Zionist endeavors, Mr. Rosenstein said. Dr. Bernard
Joseph, legal advisor to the Jewish Agency for Palestine, is
representing the firm in Palestine.
The Board of Directors of the corporation,
16,992,974
3,539,257
stock-
stock——
common
cf
corporation.
8,430,855
12,826,632
applicable: to. common
Dividends,
He
nationally
25,423,829
8,430,857
the
Palestine
President of the Palestine Projects Com¬
Organization of America, who was present at
the Press interview, declared
that "the Zionist Organization considers
this
undertaking an important phase of the building of Palestine
through private capital, and encourages private investment; of this
type."
Mr. Doft declared that he is giving the project "full
support"
5,881,532
}to surplus
is
President
Benjamin
10,201,948
preferred stock—
on
accommodation
in
"
next
President; and
442,715
9,798,695
deducts.
inc.
the
taking
a
machinery
purchase
Mass,,
mittee
41,507,309
———I—_!
charges
Dividends
othe?
to
the
became
41,064,594
303,868
and
in
now
of
this- venture
Rosenstein
to
$5,000,000.
34,595,441
and
to
further."
even
9th,
ex-
k^^Jkc-,1^ VvV;
taxes
Other
41,236
-
7 tcess profits taxes-:_-l>
Other
$2,574,446
1,104,427
50,673
-
—
$2,682,880
1,258,704
Bond interest
is
modern
of
Jan,
$
•
34,291,573
—
—
income
Gross
1947—lz Mos.—1946
$686,332
288,577
$763,385
355,953
retirements---
Federal income
Subs.)—Earnings
1947—3 Mos.—1946
Operating revenues
Oper., adm. & gen.' exps.
Maintenance
(&
most
prior
operating revenues-'--——
——t—- .180,114,552
163,805,213
Maint.,:.oper. and admin, exps. and proV. for
insur., casualties, uncoil.-accts., and pensions
87,197,875 65,916,834
Provision for depreciation and amortization—
22,983,167
25,419,056
Taxes (incl. Federal taxes on income)———_
35,641,937
31,404,729
2213-
assist
ing further investments of
.
Co.
Northeastern Water
the
to
which
development
The success
:'
704.
p..
the
have
Control—To Be
V
166,
prerequisite
efforts. being .made
Rosenstein stated:
present
effort
our
dustrialization
Corp.—V.
West
Middle
imperative
an,
the
industrialization, Mr.
Co.,
Gross
ended'
and 1944,
.
p.
Is
Stressing
C.
'
$42,598
before
shqres—V.
common
with
estate
lyir.
Federal taxes for the 1947 quarterequal to $0.49 per common- share, based on 226,800 shares; for,
1946 quarter, the net income was equal to $0.27 per share, based
income
957.
p.
Pacific Gas & Electric Co.
months
1945, $128,158,
$139,287;
1946,
nine
the
for
taxes
i"
net
Underwriter,
Colo.
'
the
9
influx."
notification
of
,
$42,632
$57,780
Federal:
$305,210;
was
•,
.-■'i,NOTE—The
on
before
of
behalf
on
12 Months Ended Sept. 30—
"'$110,967
■
Sept; 30,
175
Zs ■
•
,V.
Fed.
net" income
243
175;
vtu
;;
1.•
.
The
.
164,
Oklahoma Power
See
$42,502
96'
$42,457
$57,537
1
Other, inc.
fjet
$110,7.92
-
letter
a
common
Dissolved—
f
oper.
Collins,
Fort
filed
19
of
(49)<
ning
27,208
Net
Dec.
on
shares
Denver.—V."
4,500
53,366
(other
CHRONICLE
91
.'
Depl. & prop, chgd, off-
Taxes
FINANCIAL
2,765
100
company
1,750,000
Myers,
~12~547
5,345
exps.___
Legal rentals & pur. exp.
Depreciation ——_l_%.
&
Oklahoma Oil Co., Denver, Colo—Files With SEC—
Central Texas Oil Co., Inc.- -Earnings—
North
3 Mos. End. Sept. 30
Operating
Adm.
THE COMMERCIAL
-Number 4661
167
Volume
outstdg.
shares
CONSOLIDATED
.
.-
.
*
BALANCE SHEET,
SEPT.
$1,04
30,
17,088
$0.42'
194r;'.-
$523,431^ marketable securities, $24,356; notes and
(less reserve of $72,500), $1,767,783;
inventories,
investments and other assets, $350,131; property, plant and
ASSETS—Cash,
accounts
receivable
$7,206,480;
.
_
>
10
(50)
THE COMMERCIAL
equipment (less
prepaid interest,
for
reserve
depreciation of
total, $13,494,196.
$6,444;
$3,093,580),
$3,615,571;
Control
has
the
Home
The
for
Co.—Subsidiary
Oil
&
Refining
Co.
*
a
subsidiary of the Phillips Petroleum
Acquisition of these and other facilities
sell
its
—V.
of
oil
products
products
166,
the
.in
and
A.
Cobb
B.
See
Co.
&
Middle West Corp.
will
permit
Rocky
'
Electric
tion
for
the
the
transportation
Phillips
Mountain
Phoenix Hosiery Co.—Profit
The
common
had
program
stockholders
for
program
resolution
been
of
the
Dec.
on
the
Petroleum
("New
area.
and
Co.
York
to
Suq.")
for
adopted
the
xor
approved
employees
by
profit-sharing
a
the
of
directors
notification
approval
of
stockholders.—V.
the
operating
ended
—V.
Shirt
shares
by
Dec.
166,
p.
served
160,
p.
166,
Gross
stock
common
filed
7235)
1947-
Month—1946
($1
par)
tax
*Ry,
expenses.
2,949,257
.2,436,114
28,662,057
26,115,246
$442,175
$209,534
$5,829,157
6,014,479
$$465,504
2,968,839
Cr633,792 Cr6,852,319
for
Net
joint
boo,x^6
facil. >
Net
incomes!'•
oper.
income
$G5'E-,T95'
'
—jtoi-1
Total income
income
!;
Fed,
Sept. 30—
credit
justments
,
in
11
of
1,357,964
162,249
$3,945,368
The
York,
N.
37,621
$2,698,797
'
$Loss.—V.
Trust
Y.,
will until
sale
bids
for
the
15,
1958,
•
.
30,
1946
166,
to
due
is
to
the
it
of
an
to
of
amount
exhaust
excess-of
Net
the
first
moneys
now
income
Broadway,
22,
1948
deductions
on
capital
Prov.
&
New
for
for
Porto
Rico
Net
—V.
$939,862
per
$72,272
$119,094
2,882
25,754
;
All
A
Dec.
on
to
19
will
25,468
>.
'
be
registration statement with
first
mortgage bonds.
The
determined
competitive
and
for
'
15
letter of notification
a
1
UVl
)
($1
(Fred B.)
other
the
Dec.
cents
30
30
total
12
share
ho'ders
Dec.
year will
V. 165, p.
Dec.
on
per
to
payable
to
80
1460.
111,000
1,130,225
1,520,000
1,528,000
4,480,000
"
on
filed
behalf
The
of
stock
165,
on
of
the
record
holders
cents
;
declared
-
of
per
the
Period End. Oct. 31—
SEC
3,924,913
$0.80
'■
of
plan,
12,
30
revenues
V/--
p.
the
also
that,
net
cash
proceeds
to- the persons
announced
fractions
to receive
of
for
respective
the
of
New
of
that
shares
their
held
now
of
the
sale
Fed.
outstanding
19, and
them
City
of
terms
of
share,
as
been
New
and
stock,
common
the
shares
rata
pro
fractional
York,
Sts.,
shares
of
11
scrip
Broad
cumulative
for redemption
amounting to 50.56
First
Cincinnati,
National
Ohio.—V.
on
directors
be
15,000
sold
at
market
50%
Cash
against
declared
2,
55
stock,. payable
stock
cents
Inc.—Earnings
1,844,988
stock
5%
dividend
Jan.
on
2,
1948.—V.
166,
■
■/•
_1
In
two
Fire
2,500
exp.
1945
coal-producing
Creek
of
acres
166,
Fuel
Knob
Co.
and
of
Jon
Gross
Int.
and
Net
Net
Pocahontas
W.
4
No.
..
Typewriter
profit
Provision
;
:
2,573,88 1
after
—V.
166,
other deducts._-
p.
"crisis
a
new
committee"
cooperative
shippers'
corpora¬
cooperatives
in
:v,"'.-.v■'
Central
as
the
:
Hanover
Bank
rai'road
any
property
for
&
the
whose
particularly a property in so
Rutland—over to an amorphous
without financial
resources,
the
backing
that
the
thev
for
can
details
and
five
conduct
years
mechanics
of
which
a
they
language," the banks said.—V. 166,
of
Dec,
this
corporation and its subsidiary, St.
received the sanction of their share¬
23,
respectively.
stockholders
to
of
the
approve
the
plan
of
shareholders
features
of
two
was
obtained.
its
on
companies
A
arrears
more
the
than
'■
on
subsidiary
classes
new
of
meetings of
the
bv
exist¬
the
issu¬
of
preferred stock
to compensate shareholders for the
long
designed
payments
both
of
four
companies
dividend
and
disapproval
the
at
two
the
present
will,
under
stock.
the
approved
following in exchange for present shares:
plans,
receive
4%
cumulative convertible preferred share, $50
par,
Corp., one new first $2 cumulative convertible redeem¬
share, $49 par, redeemable at
cent
$55, plus
cumulative
redeemable
'
For
each
cumulative
one
$2
preferred
first
new
dividend
a
second
preferred share,
$1
one
new
second
redeemable
par,
at
v"
6%
Mills,
carrying
of
$6
cumulative
share, $100
of
par,
St.
Lawrence
redeemable
preferred share, $99 par value,
and redeemable at 105, plus one
per year
preferred
share, $1
par, redeemable at $65.
both companies remain
unchanged.
preferred stock of St. Lawrence
Corp, total
$5,552,421, or $21 a share, while arrears on the St.
Lawrence Paper
Mills present nreferred stock
amount to $8,085,656, or $64.75 a
share.
—V. 166, p. 2422.
an
The
common
Arrears
shares
the
on
of
present
St. Lawrence Paper Mills
Co., Ltd.—Plan
See
St. Lawrence
Corp.. Ltd.
Va.
$1,195,585
St. Regis Paper
and
a
new
to
.V
Coal
Co.—Reports Record Sales—
K.
Ferguson,
the
the
income
1945
1946
$1,558,251
$662,371
$53,938
Vr 585,092
tax__
in
1947
amounted
(Including Subsidiaries, Except
Saguenay Electric Co.)
Operating
Operating,
252,516
$409,855
Taxes
20,566
$33,373
\
1947—3 Mos—194G
revenue
(other
1947—9 Mos—1946
$1,707,736 -$1,905,387
maintenance
admin, exps
and
depreciation,—
Federal
sales
of $140,000,000,
compared with
reflecting property acquisitions in
Saguenay Power Co., Ltd.—Earnings—
•'/.
subsidiary)
1947
year,
and higher outout.
He indicated that with the
sustained demand
taking cognizance of new capacity of the
company
which will
into
production, it may be estimated that sales for 1948
will
exceed 1947 by 15%—V.
166, p. 1828.
Co., Inc.—Earnings—
domestic
President,
neighborhood
preceding
1°46
announced.
was
in
to
and
operate mines
comprise about
- •
Approved—
2422.
p.
come
and
Co.
Roy
peak
$82,782,186
Together they
No.
6 coal, it
above.—V. 166,
1946
$973,158
for
profit
Common
Earned
shares
per
-outstanding—
common
1,074,472
shaie—$.084
than
$5,186,940
$5,563,563
2,087,739
768,243
1,615,747
154,608
168,347
462,510
438,018
$1,056,596
inc.
496,532
$968,797
$3,108,683
$3,037,816
'
and excess prof, taxes)
,
(Including
ENDED
Net' sales
$10,157,760 $10,218,464
2,586,000 ,, 2,886,000
2,728,000
2,470,000
Cost
720,000
(
of
sales—
—
Gross profit on sales
Gross
income from
:/
,,
$5,999,003
461,653
$6,460,656
1,811,131,
$4,649,525
2664.
$5,940,105
50,250
$5,990,355
1,846,409
$4,143,945
$7,271,760
634,350
3,716,464
r
$6,784,281
2,218,909
J 2,207,934
$5,687,201
income
Net
income
JULY
H.-
$4,576,346
1087 Elm
for
Net
income
-V.
166,
pp.
2214,
Interest
$14,851,422
Prem.
Prov.
Prov.
1,819,886
exps.
——
———
—
income
taxes.
on
common
$6,429,443
Pref.
-
funded
,
fiscal year 1947
and
$247,503
for
789,374
131,304
158,045
196,500
bds.
43,768
.
201,000
V\ 54.000
——
depreciation—
inc..
surp.
and
172,902
284,716
per.
i
sink,
$4,013,147
263,844
Earned
644,683
..$3.49
$0.30
.
79,008
551,786
16,040
.
801,002
678.575
'$310,681
$1,137,670
$848,688
4,449,307
4,256,523
4,377,598
4,244,516
$4,839,268
$4,567,204
$5,515,268
$5,093,204
fund-
■r
11,106
51,878
dividends.——
sum.
■
161,106
53.500
210,000
157,878
'
159.500
210,000
Sept/30 ' $4,566,284
San Carlos
A'circular
,
1946.
^
245,759
.'
-.•/
<
.
.
630,000
630,000
$4,303,704
$4,
$4,566,284
$4,303,704
•;
'
'
$590,347
263,844
the fiscal year
1
'
535,982
.
183,682
$389,961
beg. of
,
ex¬
surplus
stock
-
Crl,257
retired—
Preferred dividends
372,769
NOTE—Provision for depreciation of buildings, machinery and equip¬
ment charged to-cost of sales end-exDenses aggregated $235,934 for
the
debt
$963,116
■
,
592,500
83,700
.
r'
income
Common
"
2,416,296
-
Earnings per common share—
:
*Includes $153,901 profit on securities sold.
$3,121,516
profits taxes
Total
*323,070
1,396.814
stock
stock—
preferred
on
; 89,775
$3,198,458
______
for
Earned
$640,046
$6,331,975
97,468
for
Net
$7,949,712
7,309,666
$J®-^2,643
10,390,668
on
cess
$6,129,826
2,071,221
gen 1
25,068'
$993,865
-
Amqrt. of financing exp.
^
&
on
Exchange
1946
etc——_
for the fiscal year—_
paid
Dividends paid
St.,
the purchase
admin.
31,251
$1,087,847
—
—V. 165, p. 3174.
Bids for Purchase of Bds.
at
rentals,
Federal
31
j
operations—.s——'-
service,
before
•
Provision for Federal normal Income and surtax
Dividends
,V, Jftiblie Service Co, of N.
from
shipping,
'
——;
repairs,
Net income from operations
Other income
67,817
$7,906,110*
.Gross
gelling,
'
1
_;
Total income
$35,620,395 $19,241,892
20,768,973
13,112,066
■
;
Nil
■.
Subsidiary)
Domestic
___
profit
income
•
$0.32
,
Other
1,074,472
1,074,472
'
CONSOLIDATED INCOME ACCOUNT—YEARS
2,168,826
—
—
_l
a
York;
turning
Co., Ltd.,
required
present
Gross
Net
ap-
income
income
,to
special
new
road
.••vV
,
upon
coherent
plans
and
preferred
vote
$21.
to
firms, Standard Fire Creek
Beckley, W. Va., own and
Ben,
1792.
p.
Royal
—
port,
income.—_
income
and
1947
$1,074,529
3 Months Ended Oct. 31—
1947—12 Mos.—1946
,
New
group
Period End. Sept. 30—
1946.—
54,000
Other
50
2422.
p.
this
$8,526,105
y
&
in
per
April
plic. to long-term debt
oper.
class
per,
•v.Ve-T"
bankrupt
___
profits taxes
for
and
For each class
of St. Lawrence
able preferred
3149.
164, p.
—V.
dividend,
distributions
22
lapse of dividend
dividend
made
Beelick
at
to
so
in
Mills
Dec.
York,
1947
Special charge
Paper
on
with
$30
this
1056.
p.
trustees—and
experiment,
Chase
at
next,
1G6,
-
The
the
for
pronosed bv
corporation
share.
Payment
of Cincinnati, Fourth and
1896,'*/
p.
a
trustees
through
The plans provide for
elimination
ing preferred stock of the
The corporation on Dec,- 22 announced the purchase of two West
Virginia companies producing low volatile Pochahontas coal to ease the
company's shortage of this fuel.
to
Stock Dividend
a
23
Co.,
condition
reorganization
75%
ance
Republic Steel Corp.—Acquisitions—
/
common
1947—10 Mos.—1946
2,211,386
Net
the
.'
quarterly cash dividend
22.
cash
Dec.
on
venture
unidentified
New
St.,
inorovernent
a
/;
common
of
certain
participating
Feb.
cents
Bank
162,
are
experience,
The
to
for
reserve
A small
minority of the stockholders expressed
plans, but when the proposals were voted
Stock—
$2
of
Lawrence Corp.,
Ltd.—Reorganization Approved—
The
out¬
right
of
figures
proposal for revitalizing toe railinvestment in a new grain mill and ware¬
opposed
they
unable to explain
2315. '
Holders
Class A
down
$444,-
subsidi¬
(1947
Colony Trust Co., mortgage trustees,: called
"vague, ambiguous and conjectural."
plan
untried
holders
expire on March 19, 1943.
holders are urged to promptly
corporation to Bankers Trust
called
The
at
Sales
'
$8,469,003
refunded
its
mortgage
Trust
O'd
are
financial
a
Lawrence
will
predecessor
Y.,
the
portion
on
of
interests,
N.
the
under
and
Canadian
books
development of product—V.
turn
new
States
and
largely
\St
be
are
to
the
run
According
V
taxes—__
prem.
will
1347
in
and
their
on
the nrevailing rates of
exchange,
at July 31,
1947, and $1,200,000
depreciation of $4,283,620 to J947
N. Y.
to generate shipping was
railroad
p.
formerly entitled to receive
respective
York,
dividends
made
be
—V.
216.
usual
Dec.
Filing With
—
stockholders, including
to
Dec.
Net oper. income
Fed. normal and surtax
of
or
Reporter Publications, Inc.—Sales Show Decrease—
purchased
excess
and
hitherto
announced
at
for
SUnused
and
$3,000,000
committee
perilous
are
1953
outstanding
have
payable
will
$25,419,689 $22,479,125 $30,313,910
$26,946,442
1,364,477
1 978,938
1,647,173
1,179,351
9,113.222
7,400,606
10,845,181 * 8,788,387
Maintenance
1,728,250
1,284,988
2,067,864
1,678,235
Prov. for depreciation—'
2,533,350'
2,443,500
3,022,050
2,913,179
Prov. for State, local &
Fed.
Co.,
crisis
3,839,600
$2.59
$1.76
9,020,512
..
Stock—
10 Months Ended Nov. 30—
the SEC for
ICC
a
United
Trust
of
25 cents per share on the
common
stock,
1 to holders of record March 9.
A similar stock
distribution was made on Jan. 2, 1947.
A cash distribution of 25 cents
per share was made on the present outstanding common stork followthe two-for-one stock split-up, and a similar cash msM-ihnHnn
ing
distribution
both
Other operation
misc.
3,839,600 ...'
3,769,200
1,074,472
$437,354
French
value
drawing for its membership
served by the Rutland.
The
$9,363,906
$6,896,632
1946.
of
Englr.h,
reserves
Ogdens.burg,
bondholders
Dec.
corporate purposes.
with
six
is
record
Public Service Co. of
Indiana,
Power
tion,
6,200,000
$3,082,554
+ After
wln'ch
the
This plan
197,000
(Including
Operating
through
/■
,'.•••'/•* V
accounts
combined
which, converted
in
banks
asked
house at
Remington Rand, Inc.—Declares 5% Stock Dividend—
Proceeds
-
Prophet Co.—To Pay 50%
The directors
20
Three
8,642
1,077,739
Co.—Calls
the
be
The
'
names
bidding.
V'
'
was
Baker, Simonds & Co., Detroit.—V.
of
$4,184,037
area
.
doubtful
company's
approximately $1,500,000
1946,
road
166, p. 2422.
and
.
by
finance construction
par)' common stock
officers of the
company.
four
Bank
of
Walnut
$96,508
(•
'V'
a
35-year
will
to
have
>
■
-'/.v-v
for
+The
indicated
an
plant and equipment
Paper
Precision Parts Co., Ann
Arbor, Mich.
SEC—
shares
'
,
—
3,769,200
1.074,472
;
Rutland RR.—ICC Asked to
Reject Plan—
$4,731,554 $12,506,857 $16,360,900
$0.46
on
the
Wall St.,
stock
"
Dee.
of
the
$121,976
$53,654
-v
On
$4,387,023
share
scrip
Randall
$79,409
2563.
p.
and
166,
/.■
4,764,766
reserve
July 31,
Subs.)—Earnings—
4,993
3,924,913
proceeds
Y.—V.
N.
24,578
7,137
$15,000,000
used
at
38,814
1360,
p.
166,
(&
3,158,914
$1,789,285
com.
of
National
383,938
12,051
39,603
•••■■;
accruals—t——_
1,100,000
share)
per
10,273,001
lr4G,
had
amounted
stock.
1G
share
company
be
Corp.
,
Under
cash
Co.,
$566,423
482,135
(net)
underwriters
will
the declarant.—V.
211,232
$20,922,100 $15,723,058
subject to audit)
all
To protect their
forward securities
1946
$S06,061
deductions
after
corporation
interim
—V.
of
in
aries
cash
'
taxes
corporation
standing scrip for
net
1947
—
inc.
"The
,
Potomac Electric Power
Co.—Registers With SEC—
The
for
224,700
361,658
,
227,976
Total
■
625
sell
„
._
available until Jan.
Co.—Earnings—
Sept. 30—
*
the
requirements
outstanding-
shs.
plan.
$1;390,929
income
covering
and
is_ue
79,388
372,729
2,430,523
coupons—
$o8,3o8
pursuant to the plan
of
reorganization, it will sell, promptly after Feb. 16, 1948 on the
New
York
Stock Exchange,
all common stock which at that time
has not been claimed by stockholders and creditors of the
predecessor
corporation entitled to receive common stock under the reorganization
;
deductions
166,
to
company
outside
;
profit
charges
The
.,.,,451,067
income
Income
for
preferred stock (par value $100
Common stock ($1 par
value).—
—39 Weeks Ended—
To Sell Unclaimed
221
Utility operating income
Gross
$6^£,o.>b
<"7,
-
198,960
taxes
income
7%
$473,256
414,898
8
Sep. 27/47 Sep. 28, 46
$7,742,090 $16,352,264
——
on
Net
,•
$1,390,708
$57,354
reserve
414.8
$410,207
663,950
92,364
municipal
on
wages, etc._
Federal income taxes.
Provision
Sep. 27,'47 Sep.-28,'48
$1,228,110
$4,726,561
.
est.
Earn,
$466,159
income taxes
Other income
355,758
Unredeemed merchandise
§ Appropriated
surplus
1946
410,194
—
30.—
$787,086
.
subscriptions,
Accrued salaries,
"Our c'ients
holders
Retirement
construction
contingencies
loss
est.
Prov,
5,622,638
deductions-
Porto Rico Gas & Coke
Sept.
authorized
oper,_
the
sale, of
productions
$7,013,046
7,996,996
income
revenue
12
-2————
Com.
$467,548
revenues
for
assets
1
$20,922,107' $15,723,058
175,719
and
taxes
337,500
.
Total
1,389
166, p. 2422.
Operating
Operating
used
from
Profit
receive
1947
,
12 Months End.
Dec.
on
476,729
1
327,310
State
296,620
—13 Weeks Ended—
166, p. 1792.
$8,463,155
revenues
other
ended
Federal,
other than Federal
337,500
taxes——
$473,4.4
Period— 7.v
Profit
Co.—Earnings—/
(net)—
and
be
common
Net
—V.
Accrued
252,276
—;—-
profits
Radio-Keith-Orpheum
mortgage bonds, due
held in the sinking
income-
interest
365,576
2108.
p.
carry-back ad¬
redemption price.—V.
:
revenue
operating
Gross
Net
revenues
operating
Other
$3,575,904
2,112,769
2,510,522
—
which would
,12 Months End. Sept. 30—
Total
to
are
2422.
p.
corporate trustee,
100
close of business on Jan.
Portland Gas & Coke
Operating
and
'
Co.,
sufficient
fund, at prices not in
,,
depreciation-:
income
,.
months ended Nov.
York
Nov.
expenses.—
notes
461,789
38,137
$38,987
+3314,743
$3,318,964
+$972,031
1946 is due to c^.rry-back adjustment of $84,439
$327,808.
New
other
and
for nine months
SEC
52,725
2,372,665
650,840
goodwill
etc., withheld (contra)
Commissions payable
principal amount to two commercial banks an aggregate of $350,000
.principal amount of 11 month notes which, will bear interest at the
rate of 2% per annum.
The net cash proceeds of the sale of the
$3,198,723
$5,433,661
and
184,570
10,000
52,725
2,839,417
*
LIABILITIES—
at
3,423
10,000
—
17.
*After
200,141
■:
184,570
Total
1946
profit
The
JPoli-New England Theatres, Inc.—Tenders Asked—
-
Dec.'
licenses
4.81,634
'/
machinery and equipment—
charges to expense—.
Patents,
covering
1947
—vUri66,SpTnsi.""^""^^■V.,r;-
$2,9.98,582
$269,817
inc.
+Debit in November,
and
$6,829,246
&'1,967
$539,389
taxes
k
$355,207
132,002,
<3,424:s
7
—
•■^Includes
./
and
•
466,640
buildings,
Deferred
Queens Borough Gas & Electric Co.—Loan—
$6,666,997
'
Earned surplus
npfr
$975,715
—
—
Net
$.335,763
19,444
-19,520
7-..,)<>,-
Misc." deductions
Fixed charges —-i—i-,
,uo3
ao /
3,093,983
4,033,665
6,505,796
Ecrire
^
tLand,
,
$34,491,214 $25,649,742
Z
-Cr799;21G
v
——
ry.
Other
opers.
5,863,198
account
Typewriter Co., Ltd., Canada
Compagnie Francaise des Machines a
Royal S. A., France.
>
6,432,925
ry.
198,96o
market whichever
lower)
of Federal excess
or
on
1946
$4,758,127
taxes
payable, (trade)
;
Federal taxes and
employees' bond
—■
for
1947
327,809
Accounts
charges
Provision
$2,675,648
accruals--——
and
rents
3
withdrawn
was
.
taxes
Dividends
Equipt.
Royal
corpora¬
2563.
p.
Provision
1947—11 Mos.—1946
$3,391,432
oper.
fr,
this
by
Oct.
(at cost
refund
31
$4,021,111
(contra)
receivable
in
foreign subsidiary companies—
consolidated, at cost or less:
Writing Machine Co., Ltd., England—
Visible
Corp.—Registration Withdrawal—
revenue
Fixed
revenue—
for
drafts
JULY
Subsidiary)
tlnvestments
1947,
(No..
and
profits
SHEET,
Domestic
,
banks and on
hand—__
:
banks—withheld from employ,
Accounts
Inventories
2563.
.
companies
20,
statement
of
9 Months Ended
Pittsburgh & Lake Erie RR.—Earnings—
Net rev.
111
Quebec Power Co.—Earnings—
,
Operation,
oper.
in
Cash in
Okla.—Acquisition—
above.—V.
.
Period End. Nov. 30—
Cash
the SEC
and
submitted
1192.
Railway
Railway
with
Engineering & Service Corp.—Output—
of
week
registration
140,000
This
company.
and
output
the
Publix
Sharing Plan Voted—
29
salaried
previously
board
of
totaled 253,096,000 kwh., as
compared with 234,146,000 kwh. for the corresponding week last year,
an
increase of 8.1%.—V. 166, p. 2563.
.'
/
Co.
The
retirement
letter
a
not
Public Utility
2314 and 2214.
pp.
filed
22
Public Service Co. of
those two
marketing
Dec.
on
of 5 % sinking fund debentures, due 1951, to be sold at
Underwriter, Paul & Co., Inc., New York. Proceeds will be used
reduce bank loans and for
working capital.
to
Expands—
Phillips Petroleum Co. through acquisi¬
companies by the Wasatch Oil Co. of Salt Lake City,
and the Ada Oil Co. of
Houston, Texas, it was announced on Dec. 23.
Control of both
companies will be held by the Wasatch Oil Co., which
is
company
$100,000
par.
BALANCE
(Including
ASSETS—
Claim
Petroleum
of
Monday, January 5, 1948
CONSOLIDATED
.
into the hands of the
come
tion of
CHRONICLE
-
-
LIABILITIES—Notes pavpb'e
$° 300,000: porountR navphie. $1,201,661; accrued liabilities, $183,465; Fed. and State income taxes
(est.),
$731,865; capLal bCucn (<*/»,Out> no
p«r anaieo i-oueu turn ouioianumii),
$1,930,100; surplus, $7,147,106; total, $13,494,196.—V. 164, p. 3149.
Phillips
FINANCIAL
Public Service Co. of North Carolina, Inc.—Files
with
SEC—
•. ••
'V;
■
'
;
&
'/;,,
Milling Co., Ltd;—Soon
letter
to
the
stockholders
on
to
Dec,-
'
....
Operate—
18 said inoPM^'xldi
."This company Is expected to be ready
for^pperafcion'jea^iycto-; 1948.
"Bishop Trust Co., Ltd., agent,
Honolulu, Hawaii, hfts;6uooessful in
arranging for the financing required for the
rehabilitation of
the mill
properties and the purchase of
materia^, and- e'mipmtPtvT
"The Philippines
agent "has
directed the
rehabilitation work
and
Notes
revenues
Operation
—
General
$1,361,777
385,295
—
Dealers'
...
—-—
,
146,715
taxes
Federal
Provision
185,295
income—_—->——-
on
for
depreciation
4%
Operating
income
.—$437,064
10,331
.
income
:
—
subord.
Net
$2.60
Dividends
avai'abie
—v.
166,
for
15&4.
p.
35,626
stock———
common
'•
x
■
The
corporation has
unissued shares
share
to
166,
1724.
p.
its
the
close
of
Dec.
on
fiscal
the
and
costs.
Net
profit
cents
583
sales
the
for
58
fiscal
share
common
a
or
cents
^Including
x.
-
of
aggregate of
of $2.50 per
31
Federal
income
etc.
$332,979
and
liability
guarantor
as
York
Trust
Co.,
In
connection
p.
with
the
'-"Xy"
$7,500,000
dent,
structure
through
and
outstanding
preferred stocks
new
preferred
working
and
series
of
and
A
capital
series
share
one
convertible
of
cash
share
one
In
of convertible
exchange
convertible
dividends
for
to
total
B
10,
sold
were
The
to
4%
of
Sept.
nation,
30,
and
Life
of
p.
$12.25
fiscal
corporation
your
interest
share.
They
CONSOLIDATED
Co.
22
stock
Period Ended Sept.
Operating
income
&
Prov.
and
for
of
subs.
Deferred
debt
exc.
cos.
expire
1,
Co.
Net
net
inc. bef. prov.
for
Fed.
inc.
Net
432,402
X
800,122
364,570
of capital stks.
—
77,298
,
all of the
surplus.J—:
dividends
Earnings
per
In
$1,687,931
*667,067
30,
1947.
'
$2.56
profits
"
.
Cash on hand and demand deposits
•Instalment notes and contracts receivable——
Invest.
In
Corp.
capital
stock
of
sdi
Totalb(ia
,
khz
Awi
tot
•
-
the
:
fui x
'
.•
•
.ti--'-'.
•
-
"
Ras
load
to
Tanura
another
the
on
Tanura
Jan.
Dec.
on
18.—V.
166,
tons
15,000
22.
It
is
2423,
p.
filed
letter
a
of
notification
with
the
Edison
Co.—Plans
$40,000,000
profits
of
the
California
competitive
the
P.
U.
bidding
Dec.
30
Commission
issue
new
a
company's
the
public
issue
new
facilities
will
which
before
•
be
used
involves
for
the
the
construction
spending
of
of
approxi¬
1950..
2,722,625
stock
the
it
2,177,072
at
have
California
and
shares
3,183,091
of
common
distributing
4.88%
Dec.
investors
to
($25
30.
par)
In
800,000
preferred stock
free
a
market, the
public
a
offering price of 26'A to 24% bid,
a
share, a 4.80% yield basis,
headed by The First Boston Corp,
paid $25.05 a share for the stock at
made
were
The
been
Edison
agreement
from
noon
reported.
was
series
.•'
syndicate
placements
Heavy
4.88%
•••/
who
Southern
broke
480,734
'•
Syndicate Agreement Terminated—
terminated
963,038
x
underwriters
shares of
518.879
stock
•
4,624.544
at
$25.42
syndicate,
and Harris, Hall & Co.
(Inc.)
competitive sale early in the month.
39,515
2.250.000
1,345,621
/
the
at
'
in
days
preferred
Stock
1,549,977
sell
X
step
power
$16,726,345
taxes
with
and
original
preferred
stock;
1,653,429
shares
of
4.32%
preferred;
1,653,071 shares of 4.48% preference stock; 800,000 shares of cumu¬
lative
The
2.362,500
issue
in its financing program
step
of
increases
The
New
Manufacturers
York
registrar
$25
Trust
Co.,
the
for
stock.
par
See
New
new
York, N. Y.,
issue
of
offering in V.
has been
cumulative
166,
appointed
4.88%
preferred
2423.
p.
$2,123,195
Southern
200,000
1,960,425
1,633,687
Electric
totaled
$715,637
$489,508
Colorado
output
of
2,714.000
this
kwh.,
Power
company
Co.—Weekly Output—
the
for
compared
as
responding week last year,
with
week
ended
Dec.
2,390,000 kwh.
1947,
20,
for
the
p.
2564.
increase of 13.6%.—V. 166,
an
cor¬
,'b
Corp.—Securities Placed
Dec.
on
30
Southern Indiana Gas & Electric Co. -Earnings—
Pri¬
Period End. Oct. 31-
that the
company
Gross
in connection
with
the
acauisition
Amort,
stock
quoted 17V2-16%
was
$8,813,854
$7,637,744
295,365
4,167,458
3,299,744
63,320
60,215
758,194
709,163
7,200
plant
7,200
86,400
137,974
138,256
acquis.
adjustments
of
taxes
General
Fed. inc. & exc. prof,
Dec. 24.)
on
$657,599
371,051
depreciation__
of
86,400
792,428
687,550
1,076,236
$161,316
$156,562
$1,982,781
$1,778,651
21,037
21,037
252,450
252,450
148
debt
011
f
\ 1,026,593
148
1,773
2,024
463
15,740
1,773
14,918
$138,107
$1,509,510
long-term debt
on
Amort.
and
)
tax.f
income
Gross
Int.
1947—12 Mos.- -1946
$740,872
expenses.
for
Prov.
1947—Month—1946
~:X_
revenue
Operating
disc't
expense
Other deductions.!:
Company increased its long-term indebtedness $2,500,000'
the acquisition of Dryden and paid $1,000,000
of the purchase price out of funds, on hand.* In
w.ith
the
transaction,
shares
of
being
of
that
and
1
issued
and
65,700
additional
the
now
the
of
B.
executive
General
are
of
X/
'
been
after
tires,
inner
,
166,
allowance
board
it
of
a
Vinnedge.
Rubber,
is
Net
for
X
'reported,
directors
director
former
in
corporation
cash
will
into
effect
of
The
1,298,505
—--—»
321,306
6
^
'
1,512,619
680,114
414,970
:
$39,522,232 $40,679,953
l*--
of
radiator
2564.
hose
■
...
America—To
erty
by
the
the
stock
Coronado
of
to
it
20
as
Get
Coronado
is
owned
compa'ny
result
Hotel
by
the
placed
a
to
declare
A
stock
a
in
of
liquidating
Sheraton
For the
value
X
and
floor
X
,
'
i
i<
,
'V V
Co.—Earnings1946
1944
1945^
4,792,688
1,640,724
1,139,264
_
railway-
.„
3,233,665
377,016,986
$40,127,309
•2,201,556
191,753
10.578,018
'352,868,876 441,668,257
453.527.140
85,033,133
36,255,564
27,657,428
23,792,278
i;hLx.x-:VvH
2,112,632
X-
income—
X:x
139,059,288
104,649,255
30,425,836
36,001,661
,'U.
<
,'i%XX
of
Co.
was
-
$660,000/ From
of
St.
Sheraton
new
approximately
$660,000
recapitalization
a
Louis,
in
plan put
which some
on
the
hotel
prop¬
"by Southern Pacific of another 20 powerful Diesel-Electrio
and 20 additional Diesel-Electric switch engines*
locomotives,
announced
The
ment
new
2301 the
Southern
The
on
orders
program
Diesel-Electric
Pacific
new
23
Dec.
raise
to
by
more
A. T. Mercier, President.
than $152,000,000 the postwar
announced to date by the railroad,
locomotives
transportation
freight
of
various
svstem.
locomotives,-like
20
equip¬
and will increase to
owned
by the
types
X-
.
ordered
year
a
ago,
will
be
horsepower each. XIX
The new switch engines, of 1,000 horsepower each, will raise to 182
the
number of Diesel-Electric switchers
owned
by Southern
Pacific
6,000
transportation
switchers
in
The
to
system.
the United
Deliveries of
scheduled
corporation.
mortgage;
Buys 40 More Diesel Engines
'Purchase
freight
mats.
Corp. owns 13,265
of the
outstanding
balance of the stock, .which has a redemption
$100 a share, new preferred will be given-
of
$1,097,214
$33,283,160 $31,096>43^32JL3Or243
..
railway- X
oper.
.'Deficit.
•
maturing in 10 years and bearing 33A% interest.
together with cash on hand,-have enabled the directors
liquidating dividend of $50 a share on the class
which
from
from
ry.
•
partial
23,220 shares.
$1,300,523
1—
From Jan.
Net'
—
that
announces
a
railwayfrom > railway——
ry. oper. income—
Net
$1,000,000.
The proceeds,
and
Dec.
on
accrue
.$100,556
'
tubes,
p.
412,296
$103,749
1947
from
Gross
to
and
Vice-
will continue
St. Louis Hotel Recapitalization—
The
73,642
Corp.
412,296
•
Southern Pacific
v
Sheraton
X
$1,712,819
34,358
166, p. 1896.
Gross
product is steering wheels for motor-cars,- trucks,
Other products- include die castings, .chrome plating,;
shutters, cork gaskets,., crown caps and miscellaneous rubber
products.—V.
.
November—
approx¬
on
the
Net
e'ected
Oliver
Dryden
*
were
share
stock."
Sheller
has
of
a
contemplated,
the
Dryden
taxes,
$3.64
outstanding,
committee.
Manager
to
preferred
personnel
expansion
George
Mr. Burgess
Dryden, as obtained
the nine months endetj
and
audit, for
charges and
equivalent
—V.
$134,914
34,358
-
stock
Balance
principal
cork
pfd.
on
stockholders,
Sheller
interest
is
stock
official
the
also
to - Sheller
of
without
common
with
of
sent
present
which
requirements
members,
Sheller
earnings
account
after
changes1 in
radiator
!
Net 'income
Dividends
stock, placed privately by Shields & Co.
combined
books
60%
*
—-
leaving
24.
Upon completion of this financing, capitalization will consist of
$178,000,000 of first and refunding mortgage bonds; 160,000 shares
financing
dividend
X No
.
50,453
*
.i——_
W'-.'
assist
with
Ras
about
further
a
"X
Proceeds
25,207,600
Finance
—
ichttt^esLjy_'ll,ILrcJ—
rmifrJilid-silVi
$3,519,230
6,143,081
Campbell
19
application
to
60
portion
automobile/except
'
-—2,189,000
.
tProperty and equipment
v
—405,684
tExbedSQof cost of ^acquisition of capital stocks •' .v 1 • /
suibSid4ftTry"eompahieSi
J_———
600,446
to
1946
'
'
—
—
at
crude
to
gasoline in the
21,934 tons of crude
first
than
5,041,770
expenses-
took
mately $125,000,000
tractors,- etc,
1
Ltd.
Corp. Ltd.
Defewbd
and
used
1947,
Sheller's
$4,581,494
33,204,041,
not consolidated—Campbell
receivables
less
additional
(par
Dryden Rubber Co., organized in Chicago in
1901 by George B.
Dryden, manufactures a wide line of rubber products, including vir¬
tually all of an estimated
135.. different
rubber
items
used
in
an
$47,855.
'
1947
"
Deposit with Industrial Acceptance Corp. Ltd.
on
purchase .of
capital stock of Campbell
Finance
Corp. Ltd.--'—
—j———
Other
of
,
Due from subsidiary
Paulsboro
Dec.
on
an
latest
1946
—
charge of those, operation.
$1.13
taxes
' X, ■'="
' '
CONSOLIDATED BALANCE SHEET SEPT. 30
ASSETS—
Finance
maintenance
630,960
interests were eliminated during the year ended
the minority
Socony-Vacuum
of
and
mortgage bonds.
Banking groups will be invited
price and interest rate early in January.
also filed Dec. 30 with the San Francisco regional
SEC a registration statement
covering the proposed new
the
of
stock.''
1_
$1,850,000,
President
'105,225
—....—?
excess
after
Nov.
on
scheduled
was
cargo
oil
both
on
1947
announced
common
the
seven
$1,002,607
168,427
'
Federal
docked
tanker
Paulsboro, N. J.,
fuel
financing program will follow
offering of 800,000 shares of the
company's cumulative preferred stock, at $26.25 per share with a
dividend rate of $1.22 per share, by a
banking group headed by The
First Boston Corp. and Harris Hall & Co.
(Inc.).
by
outstanding capital stock of Dryden Rubber Co.
"The
except
18,257
$2,170,978
'
983,584
for
third
of
company
This
$1,500,000.—'V.
2,635,587
communication
a
imately
>
—-
share
common
bid
securities.
of invest¬
which
sto
-
was
in
Sept. 30,
XXX.X.
$2,172,654
$1,020,864-
paid
provision
barrels,
Arabia
which
at
its
refinery at
tanker
California
$40,000,000
office
surplus, $579.-
group
stock,
1259.X
cash
shares of
from
portion applic. to min-
earned
for
its
shortages
The
Saudi
arrive
filed
$18,085,633
and
common
assist
the
——
955,496
(est.)
inc.
on
it
The
'
dividend—
were
to
$1,687,931
$3,128,150
taxes
oil
received
at
166,449
in
permission
of
placed privately through Shields & Co. $4,000,000
3%% notes due 1962, $1,700,000 5% preferred stock and
65,700 shares of common stock (par $1), the proceeds of
of
$2,694,649
433,501
deducs.
dividends, paid
Common
Sept.-
for
has
Chairman
XX ,,'XX.
a
$1,250,000
dividends—..
——
consolidated-———1,676
subsidiaries
tAll of
preferred
to
$2,876,062
The Sheller
87,648
Cr34,596
;
———
inc.
spec.
16,973
.
for Fed. & Canadian taxes
Canadian
&
before deduc.
'Including
of
from
,
:
—
(The
608,289
recoveries)
$21,323
200,394
19
East
tanker,
company
when
On
Dec.
24 M. M. Burgess, President, announced the acquisition
by this company, through Shields .& Co., of all of the outstanding
capital stock of Dryden Rubber Co., for a consideration consisting of
$4,000,000 in cash and $1,700,000 of newly authorized 5%
preferred
stock. ;:XX
<" ..'X-'-vX":
" 'XX'•
X"
1
XX XX;
deficits incurred during
Net income carried to
Preferred
amount
per
outstanding
income
p.
30
expense——
ority interests -i—l—
in
L
1947, the corporation sold
9,
stock
common
earned
2.812
vately—It
1946
1947
tPortion of net inc. applic. to minority interests
.
The
2,137,811
stock
166,
490,840
i
$1.250 000;
$137,500;
:
stock
which
2,498,583
iless
$222,310
234,033
166, p. 1619.
Bond Issue—
part'eipating loss
$150,000; deferred income
losses,
$25),
Shelter Manufacturing
$5,071,134
i
income
on
credit
depreciation
Surplus
-V.
at
SEPT.
to
Southern
$23,-
dealers'
profit
Common
r-;..;XX:,
equity in net assets thereof
over
portion of
operating income
spec. inc. credit over
Net
$266,819;
charges
states,
•X
costs).
9"0,233
Preferred
the
shares
Dec.
on
impending
company
series
$18,950,000
throughout
3,114,932
cost of acqui.
of
Prov.
Oct.
rentals
connection
Net
reconditioning
short-term
value
(par
—
for
$7,260,694
and
$186,704
for 13,999 shares of common to be offered
at $12.75 a share with¬
underwriting.
Proceeds will be used for property additions and
improvements.—V. 165, p. 3175.
on
purchased
Provision
ENDED
.
150,000
out
1947
30,
Exchange —
was
expenses—X—
period of development of loan offices,
Exc.
for
reserve
operating
York.
New
common
YEARS
160,000
233,868
Middle
Gulf
crude
to
payable,
income .taxes,
stock
for
1948.
FOR
.
admin,
&
receivable
on
Aug.
on
ACCOUNT
discount
of
Finance
30—
—
general
losses
Amortiz. of
SEPT.
Shawinigan Water & Power Co.—Earnings—
Provision
of
banks
80,000
Southeastern Telephone Co., Chicago—Files With SEC.
and on hand, $2,589,115; notes receivable,
automobiles, etc. (carried at unpaid balances
•"
subordinated
borrowing
was
from
rate
Seaboard
of
INCOME
Operating
Interest
SHEET,
repossession and
value of insurance
$250,000
Gross revenue
year
number
equal
a
BALANCE
1724.
Water
also, had
the
an
of
preferred
63/100ths
preferred
Insurance
'24,332
$171,323
before
United. States.
The
banks
stock
bankers
166,
the
$1,650,000 of commercial paper outstanding.
X
ended Sept. 30, 1947, a total of 12,320 com¬
mon stock purchase
warrants were exercised. The warrants, of which
70,416 were outstanding on Sept. 30, last, entitle the holders to pur¬
chase
$0.73
Taxes
Mutual
1947,
annum
per
During
137,165
$1.03
September
the
1%%
192,790
$1.14
paid-in surplus;
$17,096,103.
tbe
new
1951—r_—$5,500,000
$2.60 convertible preferred stock.--—
r-X- m< .'.100,000 stis..
Common stock
——'x
792,398 shs.
As
284.122
$1.61
$1,000,000;
total,
ment
subordinated notes due Dec. 15,
at
$4),
832;
financing,
Seaboard increased its working
capital approximately $3,250,000X and its borrowing capacity by an
additional
$6,500,000
after retiring
the unexchanged series A and
series B cumulative preferred stocks.
Giving effect to the financing, outstanding on Sept. 30, 1947, was:
Through
preferred
Power
convertible
28,279
$382,310
180,669
in monthly instalments of $776 including interest at
$95,197; 3Vi% subord'nated sinking fund note, due Jan. 1, 1961
(sinking fund payments of $110,000 due within one year), $1,475,000;
$2.60
$2.60
$335,669
-
3%),
Fixed
of
246,792
payable
5%
40/100ths
shares
share and $1,250,000 additional 4%
a
$386,792
mortgage
value
1947.
shares
56,145
publicly at $53
notes
A
for
the
fourth
A
discount, interest, insurance and carrying charges), $1,081,payable, not assumed (secured by office buTding and
678;
issued.
The shares not exchanged
and $21, respectively, plus accrued
$33
at
73,051
$266,704
$395,944
equivalent
of
cumulative
stock:
43,855
41,599
135,000
profit
.
$431,641;
General,
stock
preferred
were
redemption
Nov.
of
old
$146,991
1944
$677,721
$530,944
company
Persian
'■
346,629
X
-
,
'-land,
preferred stock.
stock
preferred
called
were
the
for
530,730
$354,031
revenue
alleviating
oil,
1944
1945
1946
'X
:
9 Months Ended Sept. 30—
B cumulative preferred
468,072
$193,653
taxes
from
eastern
30
YEARS ENDED SEPT.
plus
surrender
(unearned
stock.
preferred
for
in
(& Subs.)—Ann. Report—
402,481
in
Federal
on
For each share of series
(b)
1945
$822,102
839,878
income
The
for
notes
reserves,
of
increased
the following basis:
For each share of series A cuniulative preferred stock:
(a)
1943
$271,837
78,184
Socony-Vacuum Oil Co., Inc.—Middle East Oil Reed.—
1947 and
$502,629
...
$37,518;
;-V;r:■
V
.
financing in September 1947.
stock was offered in exchange
shares
com¬
Sheraton's
$489,345
profit
expected to
repossessed
NOTE—As
strengthened
the
Ltd.—Earnings-
1947
•Includes zinc concentrate sales.—V.
(unsecured), $10,230,000;
dividend
payable (paid Oct. 1, 1947), $65,627;
accounts payable for
insurance, etc.-,' $295,291; accrued interest, miscellaneous taxes, etc.,
Common
Per
in
$1,032,710
464,937
stock
$17,096,103.
Completed.—W. A. Thompson, Presi¬
was
refunding
convertible
formerly
$2.56
Mines,
Capital expenditures
life
of
officer, $31,777;
automobiles used in busi¬
ness
office
building
and land
(less reserve for amortization of $24.803),'$95,198; furniture and fix¬
tures (as cost less reserve for depreciation of
$55,484), $15,562; total,
Dec. 22 said in part:
on
Capital
$2.60
X-XX/ X'X
•
the parent
In
effective
expenses
Realized
interest, insurance, etc.,. $47,690;
(at
depreciated
amounts), $13,731;
obligation
assume
exceeding
'X%';x,.V''
Co.— Earned
Finance
Share—Financing
A
not
and
Prov.
in 1946.
$756,096
$732,988
,
available
respective
985;
procurement of certain new equipment.—V. 166,
V-V'\
Seaboard
sold
of
respect
by
loans.
occupancy
prepaid
certificates, series C, to be issued by the New
trustee, and sold at 99.262 and accrued dividends
as
2665.
of
to
company
room
$1,329,223
Total
income
ASSETS—Cash
equipment trust
.2%%
of
in
tne
585,681
779,544
3,423.452
432,308
—_—-
and
1947
amounting to
■ ;
.
—
$14,279,045;
RR.—Equipment Trust Certificates.
authorized
12
Dec.
received
bank
current
SEC
23
or
X<
income
LIABILITIES—Notes
on
carrying
major part
copper
*Non-operating
1395.
EARNINGS FOR
CONSOLIDATED
$24,196,637.
.
X
] X
dividends at the rate of 40 cents per annum were in¬
augurated on Jan. 25, 1947 by the payment of 10 cents, l.nee amounts
were
paid on April 25, July 25 and Oct. 24.—V. 163, p. 1480.
ICC
of
taxes
1946.—V. 166, p.
common
totaled
Seaboard Air Line
792,398
3,570.410
1,381,907
•
from
Operating
amortisation of $129,072 in 1947
in not asobts tneieoi as shown by
acquisition—Unamortized port'on.
and
dates
at
in
$901,055
Earnings per com. share
Quarterly
The
of
tuver equity
1946.
taxes, etc.
Earnings
after
until
dividends
was
and
the
urban
Gordon
return
Costs
$39,522,232 $40,679,953
1947
$23,998,786, compared with $840,for the previous fiscal year when
share
in
before
Earnings
Action Deferred—
Oct.
share,
said
last
those
sales
■
—■—
depreciation
for
CONSOLIDATED
on
ended
year
$360,000
its
December,
Quarter End. Sept. 30—
Net
768,697
—
Securities Acceptance Corp.
of
sales
on
common
a
Sherrit
.444,741
—140,274
_•
subsidiaries
of
$684,800 in
■
.
a
about 90%, or substantially the same rate
year.
Room
rates
currently
are
from
a
year ago.
November's occupancy
December is a seasonally lower period in
above
oil
x -.xx;;x'
of
729,270.'
—
losses
for
reserves
$148,323
books
Oct. 31, 1948, when operating
results will be known.
The company stated that action was deferred
because of decreased profits during the last fiscal year and increased
ending
of
write-offs
35,626
consideration
deferred
30
year
$50
95%, but
hotels.—V. 166, p. 1619.
——2,960.000
'
X
—
reserves
taxes,
Scliulte, Inc.—Dividend
A.)
of
share.
a
some
reduce
to
half
averaged
768,750
value):
par
X——*
—
♦After
;
directors
of
December
for
25%
to
$2
hotels averaged
of 28
reported
15%
used
first
the
142,738
1,1948
stock
Earnings
(D.
The
For
of
President of Sheraton Corp.,
distribution
will be
pany
stated value $50 a share—
5,000,000
a share--.—!'"■ ■"
—1,900,000
surplus
tAfter
$294,965
to purchase an
stock at a price
common
Jan.
cash
chain
ju:
bef.
the
774,970
value $28
Earned surplus
such options having been granted to five
of services
as
officers and attorneys.—V.
27,
1950,
consideration
in
persons
options
granted
of
Oct.
130,007
244,690
5,500,000
stated value $19.25 a share———
(par value $1 a share)
B,
Common
Savoy Oil Co., Inc.—Options Granted—
50,000
(no
stated
A,
Series
$330,591
$309,501
stock..-,
preferred
on
Balance
stock
convertible,
Series
231,657
$345,127
-
197,757
acqui,
1951
15,
due on or
of
liquidating value
or
dividends
Henderson,
sinking fund
ten-year
Preferred
$562,249
102,267
income
in
made
be
Ernest
5,866
$447,395
—.
-i
Dec.
due
note,
342,371
194,480
to
subordinated deben¬
tures, due Aug. 1, 1955——
——
Deferred inc. (unearned int., finance chgs., etc.)
Unrealized gain arising from conversion adjust¬
ment on Canadian fexchange
Minority interests in subs.diar.es consolidated—
5%
$556,382
---
deductions
before
Balance
n^tes,
sub.
4.88 %
Total
Deductions
*
—;
—
—
payment
—
Capital
Non-operating
payable
reserve
redemption
a
non-cumulative
—
"11
(51)
with
$20,600,000 $26,403,875
1,166.706
767,159
capital stk. of Campbell Finance Corp. Ltd.
current liabilities
X
of
91,517
102,635
110,190
—-—
CHRONICLE
maturity
months)
Other
47,487
94,193
—
(having
nine
and accrued--
additional
Esti.
than
more
payable
Dividends
$1,184,922
292,706
taxes
FINANCIAL
-
Unsecured
—
not
of
liTaxes
1946
97,216
Operating
Maintenance
1547
payable
terms
San Jose Water Works—Earnings—
Sept. 30—
&
LIABILITIES—
supervised the purchase and delivery of supplies Tin sufficient quantity
for the expected requirements of the coming grinding season.
"San
Carlos,
along
with other Centrals, has been fortunate in
receiving a larger quota of fertiliser than originally anticipated.
The
fertilizer tonnage has been distributed among the San Carlos Planters
on
a
pro
rata basis
in accordance with their past sugar quotas.
Because cf
this added supply it is hoped that the total tonnage of
cane
will be greater than originally estimated.
' *
"'Through the San Carlos Philippines agent, certain claims have
been filed against the USAFPE,
and other claims will be filed with
the War Damage Commission as rapidly as permuted under the Com¬
mission's regulations."—V.
166, p. 1154,
12 Months Ended
COMMERCIAL
THE
Number 4661
167
Volume
be
company
Diesel-Electric
This
is
one
of
the
largest
fleets
States.
completed next month.
has also received delivery
passenger-
locomotives
of
.
the 20 Diesel-Electric locomotives
of
Diesel
;
ordered last year
five
^
6,00(1
»•
are
hpraepnwer
anch 23s>I^eftel-Ei«ct^wu»ft4tch
engines-since the^^ war, as well as approximately § 2PQ, pew /i$
cars, ahd-more than 3,600 new Pacific Fruit'-E>;bfess HeUigpmtpL.flarJ?
of which Southern Pacific has half •6wner£tti£.J 'AppfDXimat^o.WQO
other freight and refrigerator cars remain1^ o'rdef, Or' authorizet£,,,jKS
well as 107 streamlined passenger cars, Mr. Mercier said.
,
12
THE COMMERCIAL
*(52)
Activities Reviewed—
1947
In
■-
of
E. F.
operating
many
dent.
Dec.
on
30:
(
»
.
Pacific
Southern
.
nationwide
freight
Carloads
-3.
2,900,000,
4.
moved
gain
a
Southern
all-time
an
-Southern
the
less
and
1947
totaled
about
established
3%.......
with
record
high
new
a
as
However,
despite Southern Pacific's record freight load, and> its
large passenger traffic, net earnings were a third less than the
considered a fair minimum- for industry in general, Mr. Mercier
it
first
and
to
separation
•
produced
acids
materials
raw
as
year.
be
aldehydes,
"
during
in
.
%
/
.
and
such
those
as
on
„
securities
of
sales
each
made
the
three
of
35
Southern
worth
of
train
ordered
has
or
authorized
.
than
more
The
close
$152,000,000
cars;
additional
engines.
sfitch
Diesel-electric
construction difficulties
held back deliveries of
"Shortages of materials and
equipment -builders' plants, have
«tock."
Mercier-said.—-V.
Mr.
166,
„_L%—_
6,041,850
railroad
rolling
Co.. Division.—V.
1947
1946
Operating
♦Operating
Net
revenues
expenses
operating
Gross
income
tively.
1,622,907
1,201,705
1,204,172
taxes.
6EC
113
■will
the
and
the
at
rate
share
one
and
loans
,.;•■■■
•
offered
Southwestern's
to
Los
each
for
held.
11
Proceeds
will
the
facture
166,
period
Bales
Nov. 22, '47
Profit
after
.3 3,295,926*
1,252,453
charges
Provision for Federal -taxes———————
Provision
Net
for
of
Earned
1,699,706
share--—.
1,222.110
1,222,110
$1.67
$1.93
-
166, p. 2665.
Standard Gas & Electric Co. (& Subs.)—Earningsincl.
(Not
and
Pittsburgh Rys. Co.
street railway
subsidiaries and other
1947- -9 Mos.—1946
Period End. Sept. 30—
1947- -12 Mos.—1946
$
-
Subsidiary Companies:
revenues
80,024,629
—_
♦Operation
Maint.
Taxes
and
(other
Federal
Net
inc.)
of
&
prem.
of
6,379,611
7,408,539
1,685,505
800,453
____
Cr43,347
Cr78,200
Cr77,435
reserve——
726,081
751,239
Divs.
.:
by
in
income
Elec.
Expenses
-437,711
576,358
519,183
438,347
498,207
330,571
386,395
8,973,548
10,024,112
4,871,992
4,871,990
—
6,504,281
6,504,278
286,613
433,181
'3,715,139
4,865,509
4,906,792
6,022,247
1932 .by
lshlds,
5,292,797
6,376,920
6,993,457
703,840
I.
'
487,115
886,590
669,232
Gas
net
income.._,
chgs.
&
of
Elec.
4,588,957
5,889,805
6,106,867
7,374,092-
Net
reorganize
to
1,608,166 I-"" 912,174
its
buildings
AFTER
TAXES
FOR
income
3,953,372 % 4,281,639
Gross
4,848,841
INCOME
OF
Period End. Sept. 30—
from
Expenses
Gross
divs.
and
(COMPANY
1947—9 Mos.—1946
r.
•
ALONE)....
$4,077,493
$6,364,347
$5,913,759
taxes—
and
$4,473,740
credits..
703,840
487,115
886,590
669,232
$3,769,900
$3,590,378
$5,477,757
635,585
1,608,166
912,174
2,525,251
$3,134,315
$1,982,212
^4,565,583
$2,719;276
income
Income deductions
.
r
fr.
.
taxes
81,347
1.00
63,630
0.78
0.64
86,656
1,06
;
I;
988,750
1,030,352
$662,041
$i;572,375
$3,199,560
354
I
736';;,
"225,000%
1,980
2,268
,f 500,000 ;'
50i0oo
'"$611,667
$2,697,292
886,541
$1.31
886,541
886,541
"
$3.04
201,000
•
$1,369,395
operations
discounts,
$0.69
interest,-,, etc.;
886,541
$1.54
,
Thurber Pipe Line Co.,
of
v
liquidated Novir 13,
crude oil ^and vgas
ISales of
166, p. 994;, ;
Pacific
Texas &
Ry.^-Results From Operation—
1947—11 Mos.—1946
11947—Month—1946
Operating revenues
2,954,735
4,502,580
rentals
Equip,
Other
%
65,986
159,550
V
1.95
Net
210,995
$508,762
$6|612,667
$ 6,908,201
66,650
64,327
758,911
718,064
$705,757
$573,089
$7,371,578
$7,626,265
,
_____
—_
6,935
92,568
.103,519
229,136
232,434
2,580,036
2,572,341
$472,148
$333,720
$4,698,974
$4,950,405
of
shares
(par
stock
income
166,
operating
166,
p.
^nd
expenses
Federal
Light Co.—Earnings
the
SEC
common
it
236,544
_t_
100,748
'91,768
>966,605
880,202
123,000
'100,000
1,633,000
1,200,000
290
302
3,304
%• 4-628
$487,237
$420,581
$4,905,354
$5,409,215
10,146
6,939
taxes.;—
retirement re¬
appropriation-
for
of
Amort.
limited-term
investments
Net
oper.
Other
V,„--
reserved
(par $1)
" "'V '•<.
filed
Nov.
Corp.
with
the
to
12
finance
Mission
and
revenue.—
income
■
(net)—
income——I_"
Gross
on
Dec.
24
filed
—V.
into
166,
registration
a
31—
treated
of
U'
2665.
p.
"/
■
profit
.invest,
$692,278
,
and
divs.
Texas Public
.
3,636.439
865,050
.
1947—Month—1946
h
4,194,607
865,050
Operation
Dc"prec.
Fed.
$3,269,854
120,010
100,864
1,623,998
10,340
7,981
112,727
15,955
15,805
190,905
———
$2,828,489
1,601,686
•
94,782
V
amort., of
and
plant—*——
General
,
$145,916
-—i_
—
Maintenance
I;
1947—12 Mos.—1946
$171,793
:
taxes—
and
normal
.
.'
188,821
14,870
17,467 "
,
193,013
2,000
429,000
287,000
$520,211
$473,593
;.v ;
13,300
surtax
Operating
; >■
Other
■
182,606
-'
income———
income
.
♦Loss.—V.
.
$230,614
ment
8,357
17,193
$1,173
,..
160,492
;-!
127,477
$601,070
209,721
.v.
$620,381
'-$391,348
166, p. 1525.
Inc., Providence,
Withdrawn—
;t.
\ $388,778
2,950
17,625
$171,619
$371,153
$401,087
$0.08
was
$0.08
$476,320
registration
covering
1947,
$174,569
R. I.—Registration
.1.
■
State¬
;I';;•*<.
6957) filed .with'the>SEC Feb.,!28,
convertible preferred stock!($25 par) %
withdrawn Dec. 12.—V: >166, p.' 2565.';%.v
The
'.245,706
251,359.
260,661
$780,872
$18,545
—
Net ;, income!———
68,111
••
13,971
$18,367
32,181
$26,903
^_—
*
$4,396
"
490,985
;
$137,421
j
*$5,279
income-
from
—
rj"-;'
'
321,528
for the period
Service Co.—Earnings— %
Period End. Sept. 30—
$721,599
557,747
117,818
Total income
:V '
$5,414,257
'
Operating revenues——_
:
1945
%
$695,168
$56,751
—
.'V \;V
V* 382,653
5,042
r
$4,918,036
1933.
166, p.
Income deductions
1946
65,902
635,528
costs
•
int.,
charges
$497,383$427,520
12,682
statement
1947 7
49,660
<
bullion—
after
income
etc.,
for
:
.
the
Corp.
financing.—V.
income
:—_
Stockholders Meeting
The annual
postponed
to
statement
(No.
300,000 Shares 5%-
"
Provision
for
;%•.
taxes—.
postponement
if
"such
The Commission
«t Wilmington
The
4.
on
SEC
action
s
75,233'
deemed
the
right
to
order
a
further
Standard
There
Feb.
have
interest,
13 ordered the meeting, originally scheduled
3, be postponed lor 30 days.--rV. 166, p. 2215.:
1,1961.
Milling Co.—Partial Redemption—
been
called
$227,000
of
Payment
for
redemption
15-year 3Vi%
will
be
made
at
on
Feb.
sinking
The
1,
Tennessee
$0.36
Thompson-Starrett Co., Inc.—Earnings— <.
?
1947
"
: 1946
>,1945 I %' 1-1944
6 Mos. End. Oct. 31—
Net
Central
Gross
;
.
*
<
fund
First
1946
,1945
railway-
$388,568
$313,819
$308,228
railway
Income.—
26,282
♦5,045
42,401
♦37,402
*53,958
16,250
'.L
3,814,209
3,317,746
3,566,421
railway.—.—
346,471
274,627
685,151
from
Net
Irom
ry.
102%
debentures,
National
p.
due
Bank
1828.
of
Gross
Net
oper.
Net
from
from
loss
,
.
:
■
•
I..P.'
■
committee
$320,379;
—v.: 166,
-
..
W. .Eller, has "been elected
-1944
.
and
p.
appointed
2216./
ry.. oper.
income
♦Deficit.—V.
166,
p.
*158,218
2316.
*209,064
271,656
-f
a
'-r %, $85,753
:'t< •• '
director,
yice-Chairman
•
•
$172,027-' A $138,865
_■I
I-:;;,,"
.
.
a member of. the executive
of the board of directors.
I
5,212
*21;004
.:
Tide Water Associated Gil Co.—New
1—
railway
$110,880
L—__
—
.".;New Director—
Ry.—Earnings—
1947
From Jan.
next,, at
Chicago, trustee, 38 So. Dearborn St., Chicago, 111.—V. 166,
shrs.—
*
'
November—
Net
«nd
4,807,144
-
.
appropriate."
Nov.
for Dec.
on
165, p. 983.
ordered by the SEC further
was
reserved
is
Net-profit
per shr;
Earns,
—V.
Further Postponed—
meeting of stockholders
Feb.
.
$1,548,329 $19,650,122 $17,624,314
:
753,250
9,801,669
6,061,250
182,428
'2,340,190
2,069,019
889,636
Property
will
stock
1947—12 Mos.—1946.'
1947—Month—1946
$1,837,455
revenues
taxes
Other
2147.
%
v
2424.-
p.
Operating expenses.—-
$10)
serve
for
vHi4.v 4,473
Period End. Oct. 31—
with 81,543 V2
shares outstanding.
additional 18,454 y2 ; shares to the
'■
' J '■
used
notified
Oil
1,487,928
$639,107
Texas Power &
1.59
ton 100,000
"•
was
3,812,877
2,413,101
♦0.24
an
indebtedness.—V.
of
v
232,111
charges
—V.
0.66
:
°0.29
tOn 81,544 shares.
100,000
are
shares
142,856
.
31,656
deductions
Fixed
Operating
has
;
16,541
income
Miscel.
•
VrV-
be
38-659,977
278,766
; "v,
netJDr)
<
Total income
0.88,'"
0.81
♦23,786
.
4,278,996
profits tax credit.
will
Dr)
income.
oper.
ry.
$51,079,978
43,740,803
226,340 •.< 4,824,919
3,660,968
<
W 701,320 I
(net
Jt. facil. rentals
0.81
•
1,08
87,768
2,767,734
3,136,472
bank
$4,570,582 $57,823,601
$6,138,314
Operating expenses
Ry. tax accruals
.
Net
.
0.87'
Lamaque Gold Mines Ltd.
$5,244;527"
f!
$1,160,919
Period End. Nov. 30—
$0.61
2,224,954
;
—
ore
gen.
1,737,675
t
t
$0.75 .'
$61,232
2,272,80S'
proceed
Operating
Inc.
2,286,822
$662,024 • $2,991,830 ' $1,458,516
'
17%:
207,730
113,858
$1,386,655
.
charges—I
inc.
.
.
% 130,042
.
income—--,—
Textron,
i
1947—9 Mos.—n.946
$6,267,403
$4,226,543
.
322,875%
355,640
tCash
1946.
I
1^
.•
,
1947—12 Mos.—1946
int.
"I,
transactions) \j-■*'
596,421
852,202
income
Net
1,521,312
Western
value
TEMCO.
:%7_,
produced, etc., and other revenues.-r-V.
-Net per Share-
8 Months Ended Aug.
2,525;251'
5,194,693
•*
with
can¬
$1,206,613
♦Including
YEARS
CALENDAR
Net Profit
Sales
$1,164,689
company
Operating
Inc.
taxes).
stock (shs.)__
Earnings per share
,
net
facility
making
by
and
•
Dry tons of
Consol.
L.
%Vy)5'v'I''!••''''
gen.;•
Outstdg.
„
During this
facilities by
has expanded.
manufacturing
company
to
'
635,585
-
of
Martin
removal
manu¬
Teck-Hughes Gold Mines, Ltd.—Earnings—
Stand.
Co
properties
the
intercompany
of Sebring
to
1903
with the
SEC
covering $6,000,000 30-vear first mortgage bonds. - The* -names
of the underwriters will be filed by amendment.
Proceeds will be used
to pay construction costs.—V. 166, p. 2565.
'• •.'*„ •/.' %*.,v'•
of
for
Glen
division
a
_
dry holes.
income
Gross
Consol.
2565.
.income,—
and
for Fed.
Prov.
Tampa (Fla.) Electric CO.—Registers With SEC—
8,043,324
of
surrendered
oper..
tIncome
par.
group
a
business.in
'..'.v.-'
2,500,000
to
with
and
Conn.,
1947—3 Mos.—♦1946
$2,414,456
$1,581,320
lease
deplet.,
and
utility
The
Stand. Gas & Elec. Co.
Income
costs,
inc.
Fed.
celed
386,270
Stand.
taxes
the
modernized
EARNINGS
registration
Pacific
1,727,276 square feet
working space.
has
of outside paved
lease
p.
income—
oper.
exps.,
Deprec.,
proposed merger
Sunray.
The merger,
however, was blocked by a temporary injunction by
the Federal District Court in Nevada which was upheld by the Circuit
Court
of
Appeals for the ninth district.
The company said the court actions "have made the consummation
of
the merger presently
impossible" and therefore it is no longer
of
11,844,254 ! 12,912,795
386,417
Co.
and
166,
>
to
for
adjoining Hensley Field, owned toy the
to the Navy and Army, through a
of
use
under
Net
necessary
Bal. of inc. of subsid—
&
begun
conversion.
932,954
undist.
of
the
and
Navy
manufacturers
Chance-Vought,
occupy
Preferred stock div. requirements
and
the
j
now
the
of
%
for
.%
and admin, exps.,
and
corporation
The
——
Other income
Gas
998',292
stocks
public
interest
net
781;684
which
retro¬
are
.
aircraft
establishment
for
withdraw its regis¬
tration statement covering $40,000,000 20-year 3%%
debentures 250,000
shares of *5%
cumulative convertible 2nd preferred stock
(par
Cr87,354
>■
703,841
—_
capital
on
held
Min.
JGross
Oper.
Marshall
feet
five-year
a
ownership
opportunity
with
Stratford,
tenants
other
shares
space.
square
_
excess
of
as
contracts
assumed
Corporation.
an
Plant,
(After elimination of
Sunray Oil Corp.—Will Withdraw Debentures, Stock
The
1,069,764*
752,676
etc.—
—
in
sufficient -resources
Registration—
acquis.
amortiz.,
Balance
.
6,676,825
756,482
pit.
of
has
improvements
PURPOSE—Funds
,
for
assets.——:.
of
operation
■'
retirement
23,304^058
,,
1,947,203
adjust.
Sundry
23^518,686
7,035,185
432,269
Amortiz.
together
originally
Company
Dr523,946
B
$100)
(net)—.
reserve
reorganized
was
public.
23,828,004
18,029,430
-5,003,879
-5,375,914
24,095,633
1 Dr576,947
working
500,000
long
as
The
Navy
square feet
Md.,
Period End. Sept..30—
offering
Co., Cleveland* are
stock (par $10) at
authorized; at the present time
has authorized sale of
884,637.
18,421,992
Dr392,562
Dr509,827
18,233,217
exp.
tApprop. to
Approp. to
reval.
6,128,419
846,328
,
&
common
CAPITALIZATION—There
disct.,
Other interest—net
■
•633,053
4,765,109
18,743,044
debt.
debt
♦Loss after
5,506,661
630,395
(net)—
long-term
on
4,258,179.
Carey
company
AND
shares..
6,369,209
11,339,279-
5,049,720
income
Gross
12,352,183
4,668,570.
taxes.—
income
income
Amortiz,
7,389,322
8,507,774
taxes-
income
oper.
Other
38,121,023
.4,699,429
\
Gross
1947 (9 mos.)—_2_
93,457,352
47,330,716
5,650,944
res.—
than
income
6tate
Int.
depl.
104,524.212
28,412,993
9,423,185
repairs.;*.-—
and
Deprec.
69,698,529
35,858,771
Operating
pro¬
President, and H. L. "Bert"
Plant A lease terms also give
Eastern
way
Sebring, Ohio—Stock Of¬
Co.,
1943ZIC—Z—I-II——I——
subsidiaries of Philadelphia Co.)
for
basis.
the
two
the
from
agreement.—V.
tOther
and
SALES
.of
Plant.
Dallas
of
concrete
than
more
A
Finance
open
with
under
are
facilities
B
Net
Crosley'Corp.
$2,349,520
-i.'—„
capital shares———.
$2,043,474
the
lease
other mechanical refrigerator manufacturers—and
in addition makes porcelain
enameled industrial. lighting equipment,
electric roaster parts and other similar products.
/•
750,000
——
per
—V.
4,999,226
contingencies——;
profit
Number
Nov. 23, '46
$36,250,804' $19,576,982
-
when
leaves
Baltimore,
TEMCO
substantial,
installations
o£
modern
furnaces
and
enameling
equipment
and.
processes, whivjp increased materially the efficiency; and the productive
capacity of the plant.
v.;
The company is the principal supplier of .porcelain enameled parts
and
assemblies for General
Electric, West'ihghouse, Philco, Admiral,
Spencer Kellogg & Sons, Inc.—Earnings—
12 Weeks Ended—
of
City
mechanical
pooled
which had
1932,
the
additions
estab¬
.
and
Texas Pacific Coal & Oil Co—Earnings—
enameled
Since
; > ,;.J %
..
the
'
cooking utensils and light fixtures. The predecessor
company had been absorbed In 1928 by merger with American Chinaware
Co., which firm succumbed in 1930 in the business crash.
•
p.
1947,
occupancy
SEC' for
.
of
maintenance
site.
Reconsruction
Twenty-six
arrange
who
company,
1,
agreement
entire
in
the
on
month-to-month
a
arrangement
than
to
HISTORY—Company
businessmen
be
purposes.—V.
construction
for
the
.
rentals & taxes (other
18,454% shares of
stock¬
common
with
shares will be sold at $9.75 through Maxwell,
Angeles as underwriter.—V. 164, p. 996.
The
Co.,
fered— Gunn,
24
be
of
bank
retire
to
2316.
will
common
holders
used
Dec.
on
filed
was
the
for
in
an¬
..
the 272-acre sitb occupied
Grand Prairie
on
outside
sub-letting
in Plant
from
an
Co.,
Co.
;
notification
of
Strong Manufacturing
filed a registration statement with the
covering 10,000 shares ($100 par) cumulative preferred and 103,shares ($1 par) common stocks.
The names of the underwriters
be filed by amendment.
The preferred will be offered publicly
company
its
V
2215.
p.
letter
a
possible
Registers With SEC—
The
Bayer
is
sub-let, subject to Navy approval, portions of Plant
can
on
;Negotiations
reasons
it is not always
companies in exact alphabetical
order.
However, they arm always as near alphabetical
position as possible.
■■
,
$2,824,612
1,418,554
————_
income
Federal
.1946
/
income
♦Before
166,
NOTE—For
■
; .1, 1947
,jL_——$3,482,287
2,085,517
1,396,770
3 Months Ended Sept. 30—
19
Dec.
&
Southwestern Public Service Co.—Earningsr
The
1,602,500
for
space
and additional 976,000
and
;
:.
Sterling Electric Motors, Inc.—Filing with SEC—
On
5,732,243 285,941,469 269,928,186
*
of
charge
the
of
Dec.
eventual
the
dividend,
10,250 shares ($1 par) common stock on behalf of. C. E. Johnson and
E. Mendenhall, President and Vice-President of the company, respec-%'
:v-'*.;. v*'.-";-
2665.
p.
in
Jan. 1 to Dec. 31—
'1946
1947
166,
,
new
in
to
reach
1947, Assistant to Harvey $L"Manss,..
Steenrod, since June,
lease
one-year
buildings
only
The
year,
of
as
feet
available
working
outer
but
active
1946.
$1.50
has
properties
Division, has been ap¬
pointed as Divisional Vice President, of 4;hat Division,
to succeed
Stanley I. Clark, who is mow a Vice-President of The Centaur-Caldwell
Earnings—
-Week Ended Dec. 21-.
earnings
—V.
Robert L.
Vice-President
2564.
p.
Southern Ry.- -Estimated Gross
Period—
Gross
...
.
to $41.74 per
the
a
than
more
companies
plants A
TEMCO also
Sterling Drug, Inc.—New Divisional Vice-President—
k.
Express Co., of which Southern Pacific :is half owner; 107 streamlined
passenger cars, 48 Diesel-electric locomotives for main line'Use and 43
of
$8 per share in
the corporation
15, 1947, rafter deducting
share.—V. 166, p. 1725. ''
Dec.
other
and B, with
cancellation -clause.•••'•■"'
interior
B,
cents
dividends paid this
15,
compared with
the shares of
as
value
business
19450—6
Mercier
share,
per
asset
met
of
amounted
freight and passenger equipment since the end of the
pointed out., These orders include 20.580 freight.,
an
additional 5,000 refrigerator cars for Pacific Fruit
new
Mr.
war,
Pacific
$2.55
obtained
square
now
TEMCO
.
totaled
with
company
sub-let: to
artificially lighted buildings;, it
basis, according to Robert McCulloch,
Howardf Executive-Vice-President. The
$1.50 Dividend—
distributions
It
of
It
this
and Oct.
15
July
15,
Of
a
both
of
-dividend
a
15.
With
1947.
in
April
on
paid
23
Dec.
this
to
space
and
by North American Aviation, Inc. near
five-year occupancy lease on Plant A
war
500,000
.
,
of $1.50 per share to
payment,
39
cents was
derived from income from investments,' 3 cents from short term gains
from sales of securities in 1947 and $1.08 from long term gains from
record
leaves
floor
the Plant B arrangement subject
to
a
30-day
. •,
2 -r;
'•» ^
The
Texas
Company has occupied more than
500,000 square feet
of
Plant A,
which .covers 1,229,500 square feet, for the two years
of the
company's existence, and .additionally has utilized more than
■
industries,
many
the
obtained
tection
ketones
,
on-Dec,
of
Texas,
of
..
lishment.
Stanolind will consist
- having
basic use
by
and
Street Investment Corp.—Pays
company
feet
air-conditioned
;The company leased the entire facilities
•
plastics, surface coatings and pharmaceuticals.
:;V'
"
;
rayons,
2316.
p.
the
of
chemicals
Dallas,
square
completely
of a site for; the loca-,,
plant adjacent to .the."
acquisition
and
recovery
near
500,000
nounced.
the
announced
alcohols,
stockholders
out,
pointed
was
only 3%%.
of materials
been
166,
State
the average annual railroad earn¬
investment.
In that same period the
average price
used by western railroads has risen 58%,
taxes have climbed 78% and wages have gone up 84%
Yet passenger
fares and freight charges are lower, on the average, -than 25 years
ago, even after applying the recent 10% interim freight rate increase.
1921,
solvents
The
disclosed.
has
facilities
chemicals) ;
plant-now under
gasoline
& Mfg. Co.—Lease Agreement— :
Recent consummation of a five-year lease
agreement with the U-. S.
Navy for approximately half of thet huge gpvernment-owned industrial
.
very
Since
the
aliphatic
—V.
6%
ing
after
refined
The
of
average
Texas Engineering
,•
Brownsville, Texas.
also
manufacturing
for
(oxygenated
by-products
Monday, January 5, 1948
i
contract which provides fdr the purchase
a
chemical
Cathage at-its synthesis
chemical
a
of
average;
respect to
(net ton-miles) per car per day.
repairs were held to the low
freight
service
of
shortly
national
the
above
40.%
about
was
also
of
of
out
than
.
in
Pacific -lines
at
Bullard
the
by
.•
Carthage Hydrocol plant.
A lease rental contract has been negotiated
with the Brownsville Navigation
District for 85 acres, of land as a
site
for
the
proposed plant,
with frontage
on
the ship channel.
Construction of Stanolind's recovery and separation plant will begin
100,000 over the previous peacetime high of 1946.
miles-per-day movement of freight cars set
of
Pacific
Cars
„.
.'Southern
on
Mr.
tion
all
of
produced
construction
Pacific's
high
movement
5.
shortage.
car
toe
.
.
CHRONICLE
•
company, and Guy George Gabriel-son,
Inc., announced an Dec. 22 that ..their
Carthage Hydrocol,
Stanolind
to
peacetime
its largest
carried
of
companies had entered into
toy
.
freight load in the
past 12 months, setting an all-time record for efficiency as measured
toy gross ton-miles per' train-hour—a factor which takes into account
both the train toad and the speed with which it is carried.
'.
2.
It
performed this feat, through fine teamwork within its'organziation and with cooperation-of. shippers, in the face of a severe
1.
Bullard, President of this
President
record of
said
FINANCIAL
Stanolind Oil & Gas Co.—Makes New-Contract—
.
difficulties, this company compiled a
great achievement in 1947, according to A. T. Mercier, Presi¬
Reviewing the railroad's activities in a year-end statement; he
spite
&
4,459,951;
1,062^599
391(431C
Eugene
Sales
•166,
I,.;
p.
F.
McCabe,
Department,
2424.
•
-
--
'
Vice-Prewkteiit—
^ates Mana^ei' of 'iilielEl^eV^' Division
also" been';' appointed-; <af "Vice-^Prfisidertt;—V»'a
General,
has
(Continued
on
page-47)*^%
51
Volume
167
Number 4661
the
commercial & financial
chronicle
(53)
Stock Record
New York Stock
«»
DAILY IUNGE OF
YEARLY RANEE OF SALE PRICES
LOW
Satnr'***
Dec. 2
t
vft
t
dc
*77%
78%
*7.7%
90
6%
e%
5%
12
17%
79%
*77%
90
*77%
5%
6%
52%
52%
17%
4-%
15
35%
17%
6%
6%
17,300
52 %
1,100
2,600
13
17%
17%
*42%
35 V2
*35
7%
7%
7%
7%
7%
7%
8 %
25%
25%
25 Va
26%
25%
26%
26
102
{3%
t;-
18:.
A
*76'/2
r
3%
l '
,
40%
*
*J7
3%
18 !•''
.102
3%
*97
,
3%
100
3%
*97
3%
102
3%
3%
18
-
40%
■
; i8%
18%
19%
19%
20%
75
78%
76%
77
77
78
3
X
73%
3%
3%
39%
,
■V
3
40%
3%
39%
40%
71%
71%
30%
3%
31
20
40
»jg
*187
120
i.
72%
31
S5
;
10%
U
>71%
;
31%
31%
;
.:
31%
*88
10%
£5
10%
*88
10%
187%
l
*20%
*32%
33% X.;/; 33% "'33%
30%
;
!
;
7
-30%
VX*86i.-
93
it-:.
39%
93
94
I!
*31
i!'
;'k:*8%.
.
f'
6%
•f V
53
30 ;"- *30%
/
f *89
91
30%
'31%
*89
,
91
39%
58%
39'%' NEW YEAR'S
91%
92%
92%
32
32
A;-
If 31%
31%,
31%
6%-
6%
6%
6%
53
105
.53
105%
*48
-
106%
A 50%
7%
12
11%
11%
11%
11%
u%:
41
40%
.40%
40%
40%
40%
41
V. *108
109
4%
*107%
-
4%
169
169
40%
100 %
*97
*'
39%
*104
96%
47%
48%
47%
%
20%
19%
291/2
16%
163/a
2%
86%
7%
XX': 7Va
75 Va
40
39%
7%
X'
14
13%
20%
A///A 7V2
X *27 Va
.
129
8
Va
8%
88
79
14 Va
*165
31 Va
*101
19%
7%
8%
8%
79 Vi
14%
14 Va
18
55
54 Va
32 Va
*133
'
A
33
*24%
22%
22%
45%
r -*127%
v
*18%
<A
]?
67%
!
68
68
i{ .135
',}•■: 59%
,ii
..
;)
•
;
593/a
•
-
593/4
■
1.1.7
•
8%
8
67
136%
155%
43%
,
•15%
43'/a
■
V-
*7%
14
t
A
145
32 Va
32
140 .:
28%
?
128%
19
A'
•
28 Va
24%
T
>
22%
44 Va
128
'
: X*
150%
18 Va
150%
67%
-
68%
v.
65%
65% v
67%
138
59%
ri-OSED
82%
19
•
•;150%
X *66%
63
135%
591/8 *" Y
59%
116%
8
7%
14%
A
*64%
65
145%
/'X'A'A'A A:
*32%
*132
X
28%
28%
vv-:"
-
,A-X '|X
.
33
200
8%
V 23,100
5
33%
33 5/a
1513/a
X
•
137
*66%
A-'A.'A-
•
A
'
,
'.X-
60
X
;
A
8
44
:
-v—
*64%
68Va
*137Va
60
1163%
157/e
6%
19 Va
150%
'-'-A'
67 V2
69 Vi
*
X
42%
33%
33%
A
.
116%
7%
'
X
Jan
74 3/i
Dec
Oct
45%
Jun
Oct
88%
Jun
;
33%
12%
Nov
30
Jan
Oct
64%
Apr
7%
Oct
17%
Feb
79
Oct
106%
Jan
184
8
99
196% Sep
54% Feb
/
1
Mar
.
12
Dec
Nov
210% Mar
72% May
,
1,
42
115 V4 Jan
8
96%
Oct
28 Vi Feb
10
2iy«
Nov
104%
Sep
110
Feb
6
56
Aug
.
11,200
;
4,700
1,200
5,400
•'
333/s
;
150
17%
67t
20%
Sep
Mar 12
97%
Dec
108
Jun
July
88
22
102
11
101% Dec
11
34 %
.Apr
32%, Jan
48% July 28
118 y4 Oct 15
25% May 19
3% Mav 19
46
Jan
6
41 ya
Nov
75
63/4 Feb
7
5%
Sep
17 % July 28
20% July 15
13T/e
Oct
17%
Nov
11% Feb
23'/a Jun
28% Aug
i
/
7%
15%
15%
96
65
<
••
38
*9%
4%
34%
see
107
53
23%
11
47/a
35
page 24
93/4
*4 5/a
x33 V2
93%
4%
33%
*104%
X
*52%
23%
9%
*5
34%
107
*104%
53 Ye
107
Ye
5 Ye
Rolling
343/4
50
49
1
Smelt
&
90
6%
1
Foundries
Co
400
Conv
:
2,100
200
15,800
Amer
3,150
-
"1,600
100
Lead
Anderson,
3,100
Anderson-Priche rd
Clayton
&
Co
Oil
500
Andes
5%
200
A
34%
34%
900
Archer-Daniels-Midland
Copper
Corp.
Mining
Products
883/4
Jan
7
12%
Xl73%
Nov
23
Feb
8
Nov
186
Feb
7
27%
Jan
109 ya Feb
24
95 %
42% Aug
108% July
16% Feb
10
14%
Dec
223/4 Feb
4
19
8ep
42% Oct
15
33
70% Dec
.1
;
23
10
172
40
158
-
4 5'/a
July 17
■'
165
Oct
Dec
Feb
Nov
50%
43
f
283/4 July 24
25 %
29% Jen
24
8ep
.'47% Dec
May 19
146% Feb
30
1493/4 Jun
19
20
38% Oct
138
174% Feb
4
15.
82% Feb
5
843/, Feb
5
Dec
27
m
26 ya Jan
73
"t
76%
150
Oct
Oct
Sep
Co
Inc.:
48%
Oct
78
116%
Sep
121
8 3/b Dec
13%
67:7
"
u
1
29%
.'.50% Oct
110 V4 Feb
13
100%
'87%
Dec
'10% Jan
6
7
Sep
'69% Apr
1
64
Deo
5
35
Oct
42
Mar
20
36% Dec
29
38 % Dec
Jan
20
51
" Jan
4
70%
182%
105%
15%
,.
:
90
51%
Jun
Jun >
jun '
Jun
Nov
Jan
May 1
Feb
26
35
Nov
101% Nov 28
46 3/4 Jan
10
14% Anr
15
20
93/i Dec
30
3% Jun
No par
728*%
Der
13
May
2
307/a May 19
July
May
22
: 18% Feo
103% Feb
214/3
5
174
30
1?
16
62
Jun
99% May *
.100 % May
597/a Dec
•
5% May 19
;
Apr
200%
Nov
May 23
68% Jun
5
1
Feb
May
158
1203/4 Aug
77/8 Dec 30
12 f May 19
90
Feb
38% July
X 68% Feb
Sep
159%
:
1633/4 July 23
41 ya May. 17
:
:
17
Apr
Apr
22
1Q
xi I634 Oct
:
Oct
7
Apr
y„ Anr
135
50%
172
Dec
3
18 % Oct
=
191
Jan
May 17
34
116
Jan
343/4
160
27%
Jun
Feb
Apr
5
8
10
Sep
6
;
Aug
52
73%
1
Mar
37!
21
20
33%
Sen
Jan
23% Jun
"
Feb
Cable
10%
W
21
Feb
Oct
37% Feb
8
Dec
136'/a Dec
60
Apr
22 Va Jun
133% Aug
128% Aug
17
25 Va May 19
_ioo
*43/4
P
Dec
32
common..No par
July
17% July
186
27
142
>
Jun
183
Oct
11
117% Feb
5
par
1,200
23%
Dec
7
5
26
48 % May 19
:coiu__.
New
No par
Ancnor Hock Glass Corp com—jL^.oO
$4 preferred
No
53%
133%
July 17
Jan
62
50
Jun
97%
May 21
97/8 Aug 25
100
Wire &
43%
21
.<vt
25
Oct
129% Feb
,_25
com
Jun
23%
5
Corp common..14
Smalt
25%
Dec
25
&
106%
Nov
Sep
15 % May 20
100
45 % Mar
Nov
Sep
99
prior preference— „.No par
Zinc
Oct
123/«
147
24% May 19
100X
9 per share
98
10%
100
$5 prior conv preferred—
Aiiacoxiaa Copper Mining
21%
32% July 17
11 a/4 May 19
:•
Highest
I per share
2
34%
new..5
B
Range for Presioaa
Year 1946
Lowest
3
14% Feo
Jun
May
15
15
34
Jan
119
aup
Jan
29
Dec
May
153/4 Feb
Dec
76 % Dec
Nov
18% Mar
118
•X'.X
Sper share
101
35%
*
Nov
24
loo'-
Tobacco
B,iei
ill
194 7
28% Sep
7% Dec 30
170
—No par
preferred
et
9
24
No par
Woolen
Preferred
Jan
16% Feb
No par
.
Wtr- vkks;
118
22 %
39% Feb
10
com
Am Waterworks Co Inc
Am
Jun
Jun
5
5
25
American
16%
15%
44%
28
Dec
100
preferred
5%
Sep
Oct
85
100
American Viscose
9%
11 % Mar
13
14% Nov
30% Feb 10
X' 7
No par
common
class
Jan
28 Va May 27
No par
American Tel & Tel Co
American Tobacco common
6%
Dec
Sep
8% Dec
No par
No par
Jan
8%
x25% May ly
127
Jan
31%
30
Dec
Jan
63
Oct
99%
Highest
80
12%
7
10
X
May
553/4
44%
27
10
I per share
100
Sugar Reig common
Common
Jun
24
31
1R% Jun
Jan
10% Jan
Range for Year
No par
com
Preferred
Dec
14%
37% Sep
5% Oct
106Va Mar
May 19
102
Oct
x34y« Jan
23
9% Mav 17
12
common__No par
American Sumatra
Apr
Lowest
preferred
Stove
55
irvs mpv 19
100
Snuff
non-cum
16
May 16
v
r
Preferred
American
9V2 Oct
XX,,/ X.v;
i
Refg
42% Apr
Jan
6
100
sy8
8
101 % Feb
Mav 19
22% July 30
No par
Mill
*52 V2
*10
118
Par
23%
24
10
2,200
,-r*
38
38
Sep
kyB
29
Julv 29
37
1
par
Am
Ar^-mda
37%
23%
300
7,500
34 Va
37 Ya
00
74% Dec
10
com..
conv
American
1Q,800
65
33%
129 % May
44% Apr
1
7
*64Ye
Oct
7% Dec 30
;.
preferred
100
American Safety Razor
5
American Seatins Co.—.No par
Amer Ship Building Co
No
91
*63/4
373i<
52%
4%%
140
42%
Sep
18
!
No par
American
3,000
v-
,
100
25% Feb
preferred
American
41o
60%
115% Jan
Amer Rad & St
San'y com
Preferred
-4,100
117
37
*104%
-
V
6
Stores
1,100
A
Dec
STOCK
Light
American
22,200
68
69
&
Steel
400
138%
86
preferred
American
-
152
6% Feb
preferred
4,300
19 Va
5
100
1,400
:
11
Dec
preferred
:eoo
130
37
23%.
1,400
10
Dec
No par
New§^ Co
Power
Feb
7
4
jun
common
4,200
39%
37
53
Amer
•
28%.
*85%
'
American
440
135
373/4
107
*130
:
145 %
36
23%
240
U Va
36%
r53
V
cum
132% Mar
40% Jan
5
Feb
Dec
Machine & Metals
No par
American Metals Co Ltd com.No
par
6%
preferred
100
American Molasses Co
1
13,700
-A -'*02%
6V2
34
3.90%
Apr
36%
.
3
38% Dec
Products—
YORK
Jun
Nov
r
12
75/a Feb
53 Va
V 19%
72 'A
7
Feb
.
Nov
25%
.
5
50
'
57%
7
77% Jan
64 v, Sep
37% Nov
26 y4 Feb
,
Amer
14%
174
37%
For footnotes
„
:
30% May 1
12% Apr.
75
Apr
91% May
2
'.'Vr'X
$5
42%
•-•'■••.•'
;*
5,000
35%
34 *
26
Oct
16
Amer Mach & Fdy Co com
823/4
3f %
5
6%
44,
*
24
EXCHANGE
/ $6
36%
*104%
Home
NEW
7,700
35%
10%
s
9
13
preferred
r
23
*1273/4
70
1,500
91
22%
X 39
v.
/.
15 3/a
V
,
25
,v.v';..-
...
V
19
15%
•64%
3,200
8%
*24%
A
43%
6%
2,400
128 %
37%
*93/4
Oct
3.
95% Nov
5
...No par
non-cum
07%
300
81
28 Va
1 00%
U
A-A:-:AAA.
15%
•64%
81%
'1
55% .' 56%
42%
6 3/a
300
4,400
32 %
,:.:X;X:(;
■
95
•M
i
30
American International
Corp
100
American Invest Co of 111
___l
American Locomotive common
1
Shares
100
:
91
6%
AX:
32
32 3/8
r33
6'/a
8 Va
90%
*165
128
128
117
•
*31%
~
DAY
22 3/a '
7%
•
8%
NEW YEAR'S
41 -•<:
*116s/a
A,
EXCHANGE
-24%
8
43'/4
''
128 Va
135
28%
117
15%
STOCK
22%
137%
593/4
8
28%
x40Va
■:
•683/4
1
135
81%
xx
1451/2'
*85%
5314
Sep
Sep
„No par
American Hawaiian SS Co
American Hide & Leather
6% conv preferred..—
American Ice
200
20
56V4
98
233i
25
40
Inc
preferred
American
12,100
19
91
23%
Nov
^18% Dec
1
$7 2nd preferred A
$6
6%
40
24
18 Va
150 3%
19%X
*183/,
32%
23
-800
500
I per share
*39%
*132
X
24%
45V4
128
X
$ per share
11
*92%
*53
July
62% May 1
Nov
23
Jan
63% May
108.
91%
110% Nov
8
v
com__No par
Lines
Foreign Power
2,100
.
•'
471/2 Oct
Nov
,
30%
22
••>
May 21
20% May 21
105% July 18
cXl9
99%
Jan
'
t
Jan
17% Feb
May 21
Nov
Jun
( 29%
V 39
Dec
%.Sep
31%
1
July
212"%
.
Dec
v
29
oVf
No par
preferred
Sales for
19
144Va
32
$7
the Week
56
:
Export
14%
39
*85%
105
36
181/4
29
U3/k Apr 11
80
Mar 28
;
'
.
61% May
113
14
31
23
20
STOCKS
147/a
97%
35%
6
100
Co
American
Amer &
6,700
Jan. 2
323/a
91
105
It
10
Encaustic Tiling
1,600
22
18
140
28
:
24 Va
42%
6Va
34
Distilling
Dec
154"
24
.
99% Oct 27
,
94
100
com
series A
European Secur
1.600
Friday
Jan. 1
31%
*85 Va
33%
166
10
prior preferred
Cyanamid Co
preferred
•
75% Dec 29
10
com
Nov
14 /•
<7/„ Mav 19
No par
Sugar
Oct
50% Dec
-
May 19
36
May 19
1073/, Dec
4
•
-
100
Co.._
American
A
103
39
'
147%
*133
A1
103
Thursday
8%
*92
37
9
No par
American
2,300
22,200
X
73/a
20%
,
101
10%
'
'
7%
f5
'■
Inc
Jan
91%
.107
,
iy
1
preferred
Chicle
7
25
700
12
8IV2
£0
65
conv
Cable
American
97
*13%
,■
175
100
10%
'18
Va
32%
•
.*64%
Chain &
38
35 ■'
5
20*/4 Mai
653/4 Dec
—
Amer
18
•
100
common
Jan
423/4 Oct
V,
503/4 Dec 27
•
:No r»«>V
com
1,400
.
24 ye,
*7%
19%
*851/2
6'^
Co
Radio Corp
Can
American
<
.
7%
12
•14
*02
f
&
Jan
Jan
82
105% July 28
i
:
34% May 16
Preferred
100
American Car & Fdry com___No
par
7% non-cum preferred
100
3%%
55
*92
82%
*165
100 3%
;v
V
91
80
553/4
"15%'
X.
100%
•
66%
136
r117V2 ,117%
•; •:
:
Shoe
preferred
8%
69%
22% Feb
;
26
Dec
Oct
Oct
51% May 19 :M. 8 y4 Feb
Jan 16
51
Apr
7
Feb
Aug
Oct
24
v
12%
51% May
103
293/4
"202
46
1
Sep
Dee
Feb
Apr
Mar
52%
Dec
Mar
59%
135
Nov
3%
Jun
Jan
20%
8
39% Mar
73
5
25
90%
68%
41%
t
..
48% Feb
24% May 19
-
Dec
17
36% Oct
Jun
Sep
8%
Feb
Feb
16
l
American
40
XXX
11%
8 1/4
8
89
143%
55
:
A <150%
■
i-A
38%
22%
128%
x31 Va
,
32
17%
■45'/a
*18%
150%
cum
American
2,700
24%
131
8%
175
10s/a
443/4
19
67%
.
Brake
4%
21,400
28%
*128
79%
38%
*22 3/a
:/.
>
129
150%
••'; : i
14%
146
-
7 Va
8%
55%
32
28%
45%
•
Amer
Amer Cable
2
:-jan
91
Chemical.No par
Corp
8
Jul
24%
.
Apr 12
123/4 Nov
5
,-May 17
,
conv
American Bosch
Oct
4* '/a
'
104
30Vi May 19
50
common
104
44
10
.
preferred____100
American Bank Note common
10
*. 6%
preferred
.50
1,400
8%
243/4
per share
28
34
17%
*133
28%
<24%
*24
cum
PRICES
80%
883/4
39
144%
140
28%
A
X
3Vt%
Nov
18
24%
76% Nov
5
'
2,700
2%
*7 Va
21
19 Va
8%
873/4
31%
X
1
130%
♦165
10%
*38'/a
X
•
101
17%
39
54%
i'r
14%
10%
17%
145
Agricultural
American Airlines
4%%
90%
:
*53
Dec. 31
7%
79%
31%
100%
*33%
144 Va
j
Corp^___No par
Crystal
*39%
/XX X/
Wednesday
share
73/4
175
31
10%
Amer
33
Feb
6Vi Feb
13
1
preferred
Petroleum
1
90
No par
Colortype Co
78 Va
7Vs
1C2XXXXXX
8ALE
X
28%
*33
X
79%
*165
31%
20 Va
19%
8 3/a
-
.
88%
79
175
convertible
10,606
17%
.
73/4 A
7Vs
*13%
80
*128
8%
87%
per
7%
8 Va
34
8
88 Va
6%
Amerada
b
29 y* May 17
V
par
com
iU
10
30
\
preferred____100
American
*76
97
102
HIGH
27 Va
28
8%
14
AND
7%
7
11%
20 Va
17
'
55
*92
105
l85/a
129
*32'/a
7Va '
11%
80
/
73/4
27 3/a
128
34
f
80 Va
7%
102%
105/a
share
rter
18 Va
28
conv
American
•/
5
16
2%
39 V2
24 Va
97
-XX
76 Ye
7'/a
Dec. 30
x80Va
129
*32 Va
"A A
f
19%
cum
;Jan
18
No par
■
600
.
23
.
*88%
39 Va
Tuesday
Dec. 29
5
89
::
*53
24%
!
*100
LOW
7Va
7%
*13%
19%
20%
Monday
Dec. 27
83
Inc—
1,400
40%
Ax: *15%
'
2 Ye
;
75 Va
39%
11%
1L.5 ■>
:XVXX
..
16%
2
88
55
♦92
14
20
*103%
Saturda*
5
7'A.
7
12%
19%
3V<%
5%
1,400
106
*28%
16
X
.
75%
24 %
97
*11%
*81
Co
-
Jan
1023/4 Aug 11
5% Feb
4
10% Dec 27
lb4
-Mav 20
__5
Oct
31% Jan
5
903/* Nov
..No par
_
Alpha Portland Cement...
Amalgam Leather Co Inc
90
39%
105
29%
16'/a
2'/a
7 Va
7 Va
7
*92
•
*88%
401/4
4%
16 Va
39%
24%
12
share
89 Va
29
Dye
F»h
13ya
112
24
273/4 Dec
1
new
Co
Mills
1
105
*15%
87%
*53
98
t Per
.600
3,500
50
■
7%
7'/a
12
105
>v
5%
75
55
24'/a
25
X
39'/a
7Va
*53
*94
20 Va
50
40
104%
16
2
7%
74 Va
*133/4
49%
*86%
29%
87%
76%
*103'/a
-
21%
19
89%
Inc
&
Allis-Chalmers Mfg common__No
106 %
19%
16%
2%
7%
■
3,100
98%
21%
19%
*153/4
87
76%
7%
98%
♦105
'
2'/a
86 3/4
*7 '/a
360
42%-
18%
39%
16%
2%
8 G 3/4
T 243/i
42
19 Va
29%
15%
55
7,200
19V4
5 Va
153/4
7%
79%
172
19%
10*%
56
Allied Stores Corp common__.No
par.
1
4%
preferred—s
100
400
V
16,400
18%
39%
5
5
16
*53
2,800
;
4%
106%
*48%
....
May
70%
38% Feb
2% May 19
25% May 19
100
preferred-No par
Feb
x50
29
'
7,Y-
157/a
16 3/i
*39 Va
20
41%
19%
104%
29%
1,900
:
1071%
20%
*88%
39%
,
1,500
18%
105
29 Va
5%
49
500
49,100
V 6,100
12
78%
:
1,900
'XV
■i
64%
171%
21V4
..
Industries
Allied
i 900
.
20%
89%
39%
104
>
XA
21%
4V4!
200
1,500
•
7%
41
•
*88%
39%
:
53
107%
98
21
*105
*19%
V
42%
98
21%
19%
♦5
96%
106%
Kid
A V700
50
*11%
80 Va
41% r
20%
103
29 Va
413%
*104%
90
x
Va
171
*168
21%
20%
19%,
80
79%
170
1C6%
*20
1
64%
4%
.
Allied
.-•"-'X
50
•*21%
' 108
4%
Chemical
I' 6.50C
'
41
100%
108
4%
21%
106i/2
*47%* 48%
*88%
41
22
66
•104%
*10.%
*20%
166
40%
100%
?1%
*21%
109
75%
167
*
67%
4%
77
166
40%
*107%
4%
75%
21%.
64 %
21%
*64%
109
4%
78
21%
66
•••;
50
50
11%
41
21%
7
*102%- 104
7%
*11%
•
...:
52%
66
21%
6%
: v,
7%
2.%
Allied
10,800
92%
50%
*64%
1
A
conv
Allen
1,100
•
31%
V 6%
53 Va
i
*64%
*91%
*30%
h
tU-21%
prior
1,000
■'
-
39%
38%
XV
52%
52%:
:
common
19
20
4
Dec
Dec
May
Nov
10 V2 Feb
29
16 % Dec
75
91
169
8
7
40% Oct
30
Nov
Api
Oct
Oct
5o
,.
# per. share
1053/4
July 28
60
%
t>J
18% Oct
1q
3% Dec
5
.100
_
preferred
$2.50
91
.
100
...
X
104
,i
DAY
V.
V
31
-
,*49%
7%
7%
51%
53
104
50%-
7%,
52%
A
6%
*47
;
'50%
51
>32
6%
105%
XX; 7%
53
*89
25% Dec
Allegheny Ludlum Steel Corp.No par"
Alleg & West Ry 6% gtd—
100
1,100
33%
v30%
ci/wnn-v.'-
-
39%
*48%
*77
*32%
EXCHANGE
t,
common
1,200
■
21
5%%
.
100
11%
*20%-
91%
*47
.
...
X
39%
7%
£0%
A—X
-
92% 7
49%
7%
J:
20%: 20%
A333- Av: 33 ViXx STOCK ' ■
No par
preferred
Allegheny Corp
4,900
' <7,900
•
;
189
4%%
28,200
95
189
33 T ,33%:
93
Inc
73'/a
*10%
'
\
39
•
lot*-,
49
20%
Aldens
160
30%
*33
11
189%
S2
^
AxC
32
10 j
-
.
/••
*47
;
.
20%
7
30%
*89
-
,
20%
30
i
39%
;
20%
'
29%
95
11
189%
5,300
41%
*72
31
*83
10%
191
188%
X
i
95 '
10%
189
21
30
MaJ
Juneau
3%
7
M^y ^
Highest
S per share
7
10 3/i Feb
May 27
30Va May 16
Vicksburg Ry
100
Gold Mining—10
Alaska
80
40
72 i/„
V
*71%
&
Inc
110
38
Corp..10
1
Reduction
Alabama
60
4
13y;
1
No par
Lowest
87% JaD
29
4° 8 1:. ®
i0
Corp
Jun
57/. Dec
2.50
AddLii^ograph-AviuiLigraph
Admiral
Air
So
Co
Corp.-.
20'/a
••
S per share
66% Mav 20
Express
•7,800
3%
•
72
IX *71%
900
3,400
'
$ per share
No par
Co
3%
*78
41
Adams
21,600
102
3%
3%
•
8
26%
102
Motors
Steel
Year 1948
Highest
No par
con\
Straus
Adams-Mills
35%
8
25%
&
ACF-Brill
Acme
47 Va
7%
<■95
Abraham
47%
35%
Abbott Laboratories
2,400
Range for Pilous
RanKC for Year 1947
Lowefi
Par
90
52%
25'A
!•
79%
*77%
STOCK
EXCHANGE
Stares
6%
*42%
35 Va
t per tuare
79
NEW YORK
the Week
53%
17%
35
t per thart
90
5%
Sales for
Jan. 2
79%
52
47%
*42
Friday
Jan. 1
share
per
80
17%
*42
I
77%
6%
17%
47%
35%
♦35
STOCKS
Thursday
Dec; 31
shart
dc-
PRICES
Wednesday
52%
52
17%
*42
•
tnu.it
fO
"51'A
SALE
Dee. 30
73
*77%
HIGH
Tuesday
Dec. 2f>
ui e
79
AND
Monday
i
Exchange
WEEKLY VOLUME OF TRADING
FOR EVERY LISTED ISSUE
30-
Apr
1113/, Mar 10
16
"
583/4 July
7
24 3/a Dec 22
Jan
29
17
6% Feb
21
29
39% Oct
15
i6
oep
108
43%
Dec
Jan
62% May
*114% Mar
x64% July
27% May
IJKVfc
nrt
13%
Sep
4%
Nov
103/4
Feb
26% Mar
41%
Dec
24%
Feb
13
14
THE
(54)
COMMERCIAL
NEW
LOW
HIGH
Monday
Dec. 21
t per share
S
8
share
per
per
103
13%
141/4
IO31/2
I per thare
Jan. 2
9 per share
13%
103
103
105
1031/4
49
49
48 5/s
48%
48 3/4
49
49
49'A
92
92
91%
91%
91%
95
93 %
94
16
16
*15'A
153/4
143/4
15'A
14%
14 Va
14
14
141/2
14V2
14%
15'/2
15 %
15%
14%
143/4
14
14 %
14%
143/s
14Vs
14 Va
103
*101
104
*101i/2
103
*101V2
100%
99 %
991/2
25 %:
253/8
25
100%
25V2
1003A
!
103
103
103
100
101V*
2638
25%
25 'A
92
94V4
921/4
941/2
95
98
98%
99
99
99
99%
17
16%
17
163A
17
17
49'A
253/4
26
69V2
691/a
49
393/4
1051/4
106 Va
*105
*105
460
943/4
Atch
1,700
17
2,200
50
*25%
26
*68
73
100
39
22%
22%
2234
221/a
22%
22%
22%
22%
22%
1,800
*64 %
65'/a
631/a
641/2
631/2
641/a
63
63'%
63
63 Va
350
*112 Va
H41/2
1143/4
1143/4
116 Va
*114
116%
*114
116%
70
*24
*24
28
*24
28
6Va
6'A
6Vb
6 Vi
14V2
*133/4
14'/2
131/2
18%
18 Vs
163A
16%
6
18
18
173/4
161/2
163A
16%.
V
6
-
*24
,,28
%
*13%
18%
18%
18%
KCCHANG*
18
17
17%
43A
4%
4%
4%
4%
4%
36 Vi
36 Va
3O*)4
365/8
37'/2
36%
37%
13 Va
13%
13%
13
143/a
13%
14
13 Va
14 Vi
14
143/a
13%
14%
1VA
12 Va
12
12%
32%
18 Va
191/4
19%
; 191/4
14%
14%
5
28
-»/*»»•
NEW YEAR'S
18%> 18%
,
'"12
15 Va
28,400
12%
131/8
.38,200
18%
•
20
193/a
20% #
14%
14%
15
14%
14%
*14%
*14
15
*62'/a
63
62%
62%
61
62
62
62
*61%
Co
47
45%
45%
45%
45%
45%
45%
*45%
47
*24 Va
24%
24%
24Va
243/8
24%
23%
24
*23i%
24
*44
453/a
38%
38%
-38%;
38%
38 »/a
9Va
9%
9%
9%
91%'
*44%
45%
*44%
45%
38
38%
37%
37%
9%
9%
9%
9%
23%
23%
23%
23%
36%
37
363A
363A
45%
22%
22%
*22 Va
23
22%
22%
*36 Va
36%
35%
36
353/4
36%
*83
85
831/4
84
*17
18
Va
&
121
uuly
9
114
Nov
22 % Mar 11
*84
;
85
*841/4
85
*84
■
&
1.17% Dec
5
295/s Jan
29
18
Nov
37%
15 '/4 Dec
3
273/4 Jan
27
15%
Oct
4% May 19
73/a Feb
8
6%
Nov
323/4 Aug
14% Feb
49
Feb
8
41
Oct
83%
Feb
May
jan
Co
of
Amer—5
No par
36 Va Dec
5%
17%
Nov
38%
16% Feb
11
Oct
30%
100
25% Feb
18% Oct
47%
common—50
93/4 May 19
16 Va Feb
123/4
Oct
30
66
Sep
88% -Jun
60
8
18%
18
Jun
18
24% Nov
24
21%
Oct
Beatrice
25
35% Dec
29
62
Jan
2
pfd-—___—100
83% Dec
29
110% Jan
31
70
Hoods
33/a%
cum
Co
17%
*16 7/8
17 Vi
*16%
32
♦29
*36%
36%
900
*163A
17
200
16%
16%
Beech
32
37
Mills,
inc.—,.——2.50
preferred
Aircraft
Beech
common
conv
2,600
17%
Creek
18
Corp
1
'■■■r
RR____——_——50
Beech-Nut
Packing
Belding-Heminway
Co
16
16%
16%
17
163A
17%
5,900
Bell
Aircraft
223A
223/4
22%
22%
233/a
24%
241/4
24'A
1,700
Bell
&
98 Va
*94Va
98%
*941/8
98%
*94 Va
98%
*94i/8
98
29 Va
29%
29Va
'293/4
29%
30
293/4
30%
*30'A
303A
7,600
Bendix
20 y4
20 »/4
20'A
20 Va
20%
20% -V
203/4
21%
21%
213/4
23
23
233/a
23%
241/4
24
24 3/4
24%
24%
4,600
2,800
23
81
78%
25%
25 3/4
30
30%
29%
30%;-
30 Va
30%
103 Va
102 Va
103%
137
136
136
*61 Va
14
62
61%
133/a
13%
-
f
LOW
per
f
29'A
15
29
*16Va
17
*34Va
per
share
291/4
AND
38 Va
291/4
SALE
$ per thare
9 per share
CLOSED
171/4
NEW YEAR'S
*35
38%
*35
36%
*35
37
DAY
Shares
*29
30
1,300
Bliss
17
17
400
Bliss
*35
37
&
'E
&
21%
22%
23'A
233/4
23%
233%
6,600
Boeing
301/4
31
31
31%
31%
31%
3,800
Bohn
91
91
89%
89%
89
89%
*47v4
48%
46%
47
471/4
48
25%
25%
25'A
253/a
25%
41 Vi
41'
41 Va
41
40%
53
531/4
88 Va
x
531/4
=
4
4
7
*75
9%
31%
31%
*281/4
28%
28%
35
35
35
*90%
„
29
.
*95
32 3/4
32 3A*
99
*95
99
,
15%
*32V4
350
25%
25%
26
5,600
4%
7'A
*78
9%
41V4
41%
35%.
Borden
Borg-Warner
300
*4%
4%
36
700
36
7%
500
7%
*78
10%
6,300
3134
3,300
28%
29%
29V4
35%
36
93%
*90%
16%
16%
16'A
33
32
323/a
95
36'%
•;
500
1,900
;,
93%
31%
95
*94
*'
600
.
98
40
211/4
19%
122 3/a
20%
211/4
20%
21
20%
21
*20 5/8
21%
1,000
193/4
*21
19%
20
19%
20
19%
20
*195/8
19%
2,000
*122%
124%
124%
10
*1223/8
*35%
70
36
81%
173/4
35%
20%
81%
173/B
1?4%
10%
10 »A
10%
10%
17,400
69 3A
69
70
70 3/4
703/4
420
*36
37
37%
37%
80
80
81
81
*80%
83
173/s
17%:-
17%
173/4
*17%
17%
34%
34%
>:•
17%
353A
*122%
124%
9%
693A
36%
*80
81%
171/4
*122%
701/4
36 %
713A
"
10
93A
10%
<701/4
124%
9%
.,
36%
36%
400
500
3,400
34%
351/2
*34%
35%
*34%
3*5 %
800
20%
2OV4
20%
2OV4
203/4
20%
20%
20 5/8
20%
9,900
*80
81%
81
81
81
81
81%
81%
*82%
*85
86
*84%
86
85
85
87
87
*83
88
*83
•88
*83
88
*83
88
14%
14%
9
12%
12%
79
79%
3%
193/4
101
IOIV2
27
*26Vi
14%
14%
9%
15
3
102
'
27
102
81
81
150
28%
33
333/8
3%
.
3%
19
19
'V/;
580
2,200
1,500
102 %
28-i-'!
28
333/4
333/4
120
200
Sep
34
Nov
18
Dec
42
15
Feb
Oct
18% Aug
66% May
35
73%
1
Mar
I.
Jan
Jan
101
Sep
67
Jan
52
Oct
69 %
July
27% NOV
48%
May
35 % Feb
May 19
49% Jan
55
42%
Oct
102
27
,
Sep
36
Sep
112
Nov
Dec
Apr
57%
Apr
61%
Jun
'
99
107% Aug
6% Feb
43/4
Sep
11%
Jan;
May 20
39 % Feb
30%
Dec
35 %
Dec
Dec
26
13% Feb
12
Dec
34%
Jan
81
Dec
26
72
Jan
95
Dec
9
Vs Dec
3 Vn May 19
:'. 32
: v,
7
96
Jan
5
18% Feb
27
13% Sep
20%
May 17
40% Feb
11
30%
Oct
53%
Jan
23% May 19
31% Feb
10
23
Oct
42%
Jun
30
V
30 3/4 Nov
35%
.
Feb
2
3
105
Nov
5
25
Oct
38%
common——15
253/4 Jun
11
36 % Jan
7
31%
Sep
45% May
95
Dec
26
106 % Apr
30
Oct
110% Mar
20% Dec
5
27% Feb
3
20%
Or*
38%
13% May 19
20% Nov
20
14
Sep
25% May
6
120
Jan
Inc
Co
—No par
No par
5
100
common
90
Jan
120
No par
69
Co
common
No par
Co V
Watch
2nd
conv
Term
4% %
Oct
22%
Jun
Oct
99
Jun
37% Nov
7
25%
Oct
30
102% Apr
23% Feb
11
96%
Dec
18
18%
Nov
38% Feb
10
33
Nov
22% Feb
17
16%
Oct
104% Feb
15
95%
Dec
111
Mar 12
84%
Dec
97
Dec
119% May
102% Aug
13
Nov
;
Dec
14% May 19
May 14
May 19,
Dec
100
80
May 19
84
Jun
preferred
95% Jan
4
1fi% Ont
o?
10
Dec
31
6
88
Jan
22
11
Dec
9
24% Feb
7
•79
Dec
27
3
Dec
11
—10
100
—5
par
100
•r
May 19
4
6%
•-•
75
4%
26% July
21%
15%
Oct
98
Sep
Mar
Jun
Jan
May
39% May
110
10
Oct
9%
23
15
Oct
35%
Jan
3
99
Oct
27% Oct
6
19% Nov
40
104
■
Feb
Jun
59% May
Nov
20% NOV
105
46%
Feb
6
94% May 22
19
lUKVa Jan
.
45%
108% Mar
221/4 Oct
133/8 May 19
par
fl
Jun
preferred—100
—_——,
100
May 19
6
Copper & Zinc—
Byers Co (AM) common—No
Participating preferred.
Byrsn Jackson Co
.
No
26
12% May 19
72
Butte
Feb
9%
70%
80
common
Apr
25% May 20
80
—1
Bldg 1%
Bros
130
Apr
7
14
Terminal
Apr
18
26
preferred
May
14% Feb
—5
preferred
Dec
70
115
86% Feb
100
Corp
125
2
103
Jan
31
Dec
common—1
Inc
Co
Mills
Burlington
63
20
May 19
9
No par
—1
Buff Niag El Corp $3.60 pfd—100
(The)
preferred _—:
Buffalo Forge Co
Butler
14
May
Jan
$5
Bush
Jun
12
46
283/4 Feb
Bush
7,500
33%
109% Apr
Bucyrus-Erie Co
7%
preferred
Bulova
Oct
26
preferred
Bullard
Feb
18%
30
Bruns-Balke-Collender
Budd
30%
20
Dec
7,400
81
*27
27%
Co—
5
—2.50
America——15
Inc—;
4,100
85
*83
*100%
$3.60
Oct
116
383/4 May 21
37% May 19
(assented)-100
Bearing
I per share
Nov
15 Vi
4
22
88% Dec
I per share
41% July 23
30
25
Highest
18% Dec
9
45% Dec
,
Year 1946
Lowest
35% Nov
17
Dec
89
15
preferred
100,
Burroughs Adding Mach—No par
123/4
102
RR
Mar
83% Apr
31
24% Oct
3%%
123/8
102
.
NOT
6
59
14%
9%
3%
53
3
10
14 % May 19
10 Va
14%
19%
168
15% Dec
Shoe
,100
88
123A
3
Brown
3%%
84
19%
31% July
114% July
preferred
100
Union Gasi-——No par
Brooklyn
200
80
"
3
I91/2
Feb
Deo
*
Jan
36
29% Nov
Corp common
5*
preferred—_——100
Maine
112% Aug
52% May
x203/» Feb
May 17
28% May
common———1
Airways
Brewing Corp of
4%
'
19V4
&
36%*May
.
Nov
23
S per share
share
5
A———No par
Inc
Roller
140
12'A
"121/4
80
♦83
10
Boston
87%
87%
cum
Bower
84
84
84
80
80
3%
101
27
12
19 Va
19'A
101
*26'A
•
3
3%
193/4
•
9%
*82
12%
12
79
9
9
83%
r833A
84
14%
14%
14%
9
8%
*81
*.
22
85%
Highest
5
(The)/___—.
Co
3%%
33/4%
4,200"
163/4
31%
—No par
Brass.'—
Bridgeport Brass Co.—
No par
Briggs Manufacturing
No par
Briggs & Stratton—__—No par
Bristol-Myers Co common
2.50
81 Va
10%
3134
35
&
\
May 21
14
2.50
Braniff
10%
161/4
Feb
18% Jan
12% May 19
18% Dec 13
.1
9,400
32
95
Stores
4,400
■
$ per
25
No par
—No par
4,500
81%
66
% May 'ju
13% Dec 29
Jan
143
29
23
27
Jan
Range for Year 1947
__.
B
54
*90
93% V.
Class
88
4%
32% Oct
105% Dec
150
4b
Lowest
Co___
C9 class
53%
28%
■
Ami
88
7%
Inc_
Brothers
Airplane
54
36
19
28% Jan
76% May 19
133% Dec 24
Apr
Jan
Range for Previous
Laughlin
89
31%
:
95
VV?
41%
19% Apr
common
Aluminum
Bond
*35%
■.
28%
16%
323/8
*32
" 28%
*89%
16
/..
313A
35'A
94
16%
10
31%
.
'V 351/4
*90%
94
16%
u-
35%f
81%
9%
;.
49
53%
71/4
10%
31%
48
*88
*78
81%
IOV4
31%
*10
48%.
40%
53%-;;-.
7
80
/
Bon
251/4
411/4
4
35 Va
7VB
.
91
48
89
4
353/4
*79
.
53%
*88
4
4:
7%
81%
T%
V
881/2
353/4
36"
*35%
,
53%
88%
88%
*89
Co
W)
Bloomingdale
22Vi
31
25%
Sep
—_—-100
Apr
12
Dec
Blaw-Knox
Black
58«
29% Nov
Par
6,300
112
96%
com—No par
Mar
28% May
35% Jan
Oct
24%
—No par
15 Va
37
Dec
7
v"
15
800
21%
.
253/4 Nov
9
Oct
28%
7
17
stock
■■.
30
30%
4
39% Feb
Nov
16%
102
21
Decker Mfg Co
Co
/■;
/
29%
31
;
15%
6
35% Jan
exchange
22%
91
.
10
103% Feb
No par
31
.*88
18 % Jan
Oct
9
Carpet
Electric Co.
new york
30%
15
14
1063/4 Aug K 7
21% May 20
No par
22
-
Nov
243/4 Nov
24
May 17
173/4 Sep
Feb
11
19
Bigelow-Sanford
•ales for
293A
171/4
•
104
17
24% Dec
preferred———
the Week
15%
29
Dec
2
Feb
18% Oct
16% May 19
r_—ill
(Del)
110
Jan
39% Mar 31
'.77% Dec
——_i_
—
Birmingham
1,400
.
Jan. 2
14%
17% "V.
20o
''
Friday
STOCK
29%
7%
Co
118% July
_1
Foods—
Bethlehem Steel
Jan. 1
EXCHANGE
j
NOV
May
Nov
40
6
stocks
Thursday
293A
285/a
••
Best
300
:
62 3/4
13%
&
73
_
1946-No par
Cum pfd $3.25 ser of
Best
"
10
111
12
19
28
PRICES
29%
15%.
;
Dec
Aviation/:——__—__5
7,100
103 3%
140
5% May 27
95
2,200
;
.
13 3A
1 per share
V'v
143/a
16%
*02%
135
24%
46% Sep
7
100
preferred—
1,300
„
30
*611/4
Dec..31
29%
300
13%
Wednesday
share \
25%
621%
13%
HIGH
JpVz
*29%
104
81
—11':'
Corp__
Howell Co common
4%%
*78
135%
*61
*16%
29
16%
...'
per
~
/'.-.vi
15
28 3A
29Va
-V:
13%
Dec. 30
143/4
15
I
-
1353/4
Tuesday
291/4
shore
I
62
%
13%
Dec. 29
Dec. 27
103
*
138%;;
Monday
Saturday
*28%
103%
102%
*134%
61V2
62
*13 Va
*78%- 81
25^ 26%
30 ™
30%
79%
25%
103 Va
*134
;
25%
26 Va
Va.'
15%
23
*78%
78
78
*25
:
■
Sep
15
123/s May 16
10% May 21
Bendix Home App Inc com
33 Vac
Beneficial Indus Loan com—No par
15%
15%
203/4 Aug
108% Feb
29
No par
*94 Va
12
19
30% Jun
10
;
Sep
96% Dec
100
*22
15 y4
.21
'
85
8V4
81/4
May
.31 .May
39% Feb
Dec
8 Vi
8
57
24
Beaunit
36%
Oct
393/4 Dec
Beck Shoe 43/4%
*29
41%
48%
19% Feb
110
8%
Jan
Jan
May
64% Aug
Jun
Dec
4
900
36
19
25%
15
17%
32
453/b Dec
36% Apr
;
8% Dec
96 3/4
'
_^_50
Feb
28% July 28
54% Jan
9
20Apr
17%
'8%
69
55% Jan
Co__________—___5
963A
35%
8
May 19
Worksvchrp__.:Z_——L
Bayuk Cigars Inc_—
—No par
Oil
17%
*29*
13
18
Iron
97
8%
Jan
42 % Dec
Barnsdall
173/4
36
Jan
243/a Feb
Bath
97
32
18
Jun
23% July
26
7,800
400
97
8%
30
W0% Aug
7% May 17
11 Va May 17
preferred
17%
*29
Dec
13% Dec
13
preferred—___—100
17%
*353/8
29
13
—1
—
Works—
common—100
Aroostook
97
35 Va
Apr
Jan
Jun
253/4
Inc
173/4
■
135
Sep
<
2,300
•■
tfun^
10% Nov
16% Sep
53/4 May 16
•;<
8,100
:
97%
25
preferred——;.
4 Va %
-
27% Jan
34%
10
Ohio
97%
32
*16%
T)
173/4
8%
*8Va
35 Va
15
(The)' common—3
97%
y4
99
*29
111% Dec
Barber Asphalt Corp (Delaware )_10
Barker Brothers- common—_
_10
600
38% \
9%
-*44%
*97
Nov
22% Oct
18
Locomotive
Conv.
X53%
'
45%
*44
110
July 28
B
Baltimore
600
July 24
73
30
No par
preferred—
conv
Bangor
26 Va
18
12% Feb
Baldwin
800
63
*46
.
51% May
130%
8
183/a Feb
(B
4%
Nov
May
31
Babbitt
13,800
.
Nov
105
Jun
v
13Dec
Canteen
14%
31
22
Aug
Apr
—No par
common
prior pfd
Mfg
26
113% Sep
luo
83
($1,20)—-No par
Corp
12%
Jun
29% May
4
_^_^^___/____^_-5c
Nichols
$2.25
Dec
28
30
15
21% May 19
__100
Corp„
Avco
14%
May,"
125
Sep
Nov
57
—No par
preferred-
•
91
5
Feb
Dec
105
:__100
B
common—
Automatic
14%
45
13
______
3,200
■12%
No par
Oct
121
Oct
13
40
series
$3.75
,16%
2,000
~Oct
78
100
15
preference series A__100
Autocar
14
Feb
49% May
3,300
*13%
Jan
183% Feb
94
18%
13%
26
Dec
;
'
Dec
10% May 19
May
'May
Dec
18%
2,600
99
112
v
'
68
Taek
Conv
31,500
148
Jun!
26%
700
r
Dec
May
Jan
Feb
112% July
May
•
*32%
33'/4
*52
54
'
*
7
30
33%
323/4
54
*52
"323/4
54
*52
54
2%
2%
2
2%
2
2%:
7
7
7%
7
7%
7%
7%
30%
30
30
*14%
14%
14%
14%
112%
112%
114
113
41
*18%
19V4
*18%
11%
11%
11%
*295/8
14%
113%
30%
14%
115
31
14%
115
32
*52
-
5%
Callahan
5,500
Calumet
31%
1,400
*14%
14%
10,100
115%
115 Va
510
39%
39%
*39%
19 Va
*18% -19%
*18%
..
40
....
50
19%
*18%
11%
11%
113/4
11%
12V4
34,900
44 V,
600
11%
*423/4
44%
44%
44%
45%
45%
44%
44%
44%
*12%
13%
*12%
12%
12%
12%
12%
12%
123/4
*54%
56
*54%
56
56
*54%
56
*54%
19%
.,123/4
56
Canada
Hecla
400
Ry
$3
Copper
Dec
47%
53
Oct
68
8
3
Sep
7%
Apr
Feb
7
6%
Oct
12%
Jan
5
6'A May 19
8% Feb
No par
1.66%
No par
Co___
100
21% May 19
12% May 13
110
Dec
3
20 3/s
Oct
Apr
40% May
34% Oct
22
17% Feb
10
NOV
18
July
Feb
10
113
Nov
147
May
18
43
Oct
58
Jan
132
12%
Pacific
"Ry
class A
preferred A
38
Dec
10
483/4 Feb
18
Dec
11
2 5 3/8 Feb
20
24
Dec
25%
Dec
—25
9% May 17
153/« Feb
13
11%
Oct
22%
Feb
333/4 Nov 21
47% Dec
15
common—1
11
Apr
14
143/4 Feb
1
12%
21% May
10
50
May 26
57% Feb
18
Oct
Oct
Ltd
Mills
Capital Admin
27%
29
17
No par
Southern
Canadian
_1
Cons
Canadian Breweries
Cannon
12
Jan
3% Feb
12
la/4 Dec
Campbell W & C Fdy
Can Dry Ginger Ale com
$4.25 preferred
*31
15
115
Zinc-Lead
34% Dec
X55
51% Dec
1
6,900
&
243/4 Apr 28
50
—.
7%
40%
*54%'
preferred
73/8
*38%
For footnotes see page 24
California Packing common—No par
2%
113/4
,
1,000
54
2 Vi
40%
*38%
*39
323/4
*52
21/4
2%
--
Aug
32%
Mar 29
2,900
5 Va
"153
125
Sep
36% May
30
77
conv
Austin
Dec
Feb
34
;
*:
343/4 Feb. 15
Corp'
Atlas
124%
134
May 19
x98
Nov
59
6%
5
66
100
Oct
132% Feb
V
Dec
12
17:,.,
May
Feb
4
14 Va
39 'A
y.V
com__100
4
18%
173/8 Feb
29
July.
112%
20 3/8 Feb
1
Dec
Nov
22
*13%
*373/4
DAY
Dec
Dec
65
62
Jan
31% Apr
16%
STOCK
Jan
Sep 22
10% May 19
13% Dec
6
25
RR_
Lines
0%
6%
13%
361/a
4%
*24
28
6%
13
133/s
19
114
102 '
139
Sep
23 % Jun
Atlas Powder
4%,
Feb
18% May
Sep
42%
40% May 17
conv
Atlas
110
112
I per share
:
Sep
common—1
4%
223/4
*114
94
Line
I SS
Preferred
923/4
Jan
10 Va
•.preferred-—1C0
Refining common..2___25
240
91
7
55
91% Dec 29
nonrcum
630
94
93%
W
&
Atlantic
9,800
105
1043/4
93
.
x92
*93
94
*93
24
10
99
_______________
Coast
G
130% Jan
30
Highest
t per share
21
__10
Atl
5%
15% Oct
Dec
99
Inc
Atlantic
11,700
38%
383/a
105
X105
50%
F
Lowest
% per share'
38% Jun
preferred:.;..:———a—100
Investment :Co_—^ctA'-lO
preferred
T
$ per share
103
■,
Goods
Topeka & Santa-Pe
5%
A
800
73,
50
2d
8.700
97
101
17
com—y-Na par
Year 1046
Highest
93/4 May 19
commonll;l
preferred:.-—100
Associates
100
Co
Dry
1st
5,100
26
38%
383A
106 Va
6%
7%
20
•
171/4
*68
73
38 »A
39'A
38 3A
39%
105'A
>:
26 Va
25%
49
251/2
*68
102
49
47%
251/2
48
26%
Artloom
Associated
101%
.
73
49
26%
*69 %
1,500
105
5
com
Constable
9,700
'
V
Par
.
preferred ______—..-No par
Cdi,p_'__'____i__5'
Corp.
No par.
$3.75
Arnold
153/4
101%
96%
94%
17
500
143/4
*25%
Lowest
Illinois
Cork
Armstrong
145%
105
■•;■
Co.of
<Ss
15%
i
Range for Previous
% Range for Year 1847 ',
,
$6 conv prior preferred::—No par
290
143%
/•-
''
Armour
800
93%
*14
stock
v.AV"
1,200
49%
•:,//.
'
'new york
exchange
13,200
105
93%
1003/4
25
98
•94%
105
*49
:,.
stocks
-
Shares
14 V8
Monday, January 5, 1948
RECORD
*
•
CHRONICLE
the Week
'
14%
*104
Sales for
' V
Friday
Jau. 1
$ per share
share
STOCK
•;
Thursday
Dec. 31
14
141/4
14
143/a
Wednesday
Dec. 30
YORK
PRICES
SALE
Tuesday
Dec. 29
Saturday
14'/a
AND
FINANCIAL
&
No par
50
59% May
'
,
,
t
Volume
167
Number 4661
-I,,,
..4
-v..
THE
»
«k
ji
NEW
LOW
Saturday
Monday
Dec. 27
AND
HIGH
SALE
Tuesday
Dec. 29
share
per
s108
I
*108%
109
27%
109%
109%
109%
27%
27%
27%
27%
*38
27
I per share
*109
38%
38%
38
38%
38%
16%
17%
16%
16%
42
X41%
42%
16%
42%
43
42
6%
41
6%
6%
46%-
46%
135
45%
135
57%
27%
28
*99
138%
26%
26%
20
20
18%
19
8%
26
137
26%
20
•
20
47
58%
*19%
20
17%
18
18%
8%
8%
8%
8
7%
8
*101
102
102
102
*102%
104
*78
81
*78
81
77%
*7%
*12%
13
7%
7%
12%
-A 12%
10%
26%
io% :
-26%
26%
26%
.26%
16%
16%
Y-16,%
<
24%
22
^ 22
101%''101%
?4%
*23%
22%
•
*100%
16%'."
24%
,
21%;
A
102
'
;'
2i%: 'Y
39%
Sep
61%
132
No par
"
49 %
7% Feb
Dec
6%
Oct
10%
Jan
31%
Nov
55
Jun
7
Nov
183
Jan
Feb
8
28% Dec
22
108% Jan
9
153
6
156
19% May 19
19% Dec 19
54% Nov
18%
;
:
Jan
32% Feb 24
22%
Jan
38%
21% Feb
14
20
July
19
20
Sep
Sep
23
22% Feb
1
29
Jan
14% Jan
2
8%
Oct
10% Jan
2
9
Sep
4
110%
7% Dec
100% Dec
8
23
116
Feb
Jun
17% Apr
13% Jan
Jun
116
Deo
102% July
Central
16% Oct
No par
9% Dec
23
14% Feb
18
Cerro
No par
22% Nov
15
35% Mar
6
;
31%
Sep
a
v
14%
Jan
*
Jan
27
Century Ribbon Mills
600
A
Violeta Sugar Co
30
Belt
30
4% May 19
11% Dec 29
l_9.50
96% Apr
15
12% Jan
31
1
11% May 19
21% Jan
No par
20% May 19
30
,
Co
Champion Paper & Fib com^wNo
$4.50
77% Dec
"
^100
de
Chain
700
Y; i':
ser_100
Pasco Copper
Certain-teed Products
7,400
•
161%
29
xl7% Dec
Cent NY; Pr Corp pfd 3.40%
tCentral RR of New Jersey
Y
102AV/'-'vvV'p^Y''t"^^
Sep
109% Jan
7% May 19
__20
No par
1,100
'
23%
104% Sep
138
Oct
Apr 28
3,800
-
81% May
Nov
1,600
)■;.
.'STOCK YH
Feb
8
64
12
130
60
20
May 19
Dec
Jan
Jan
158% Jan
30
x97
Deo
34
Dec
17% May 19
No par
Co
Dec
Oct
2,900
/;
•I 22-V-: NEW YEAR'S
;■„> rn HY
'
Central Hudson G & E Corp__No par
Central 111 Lt 4%7# preferred___100
"
-loi
Dee
39
47
2,200
CLOSED
38 %
7
29% May 19
Foundry Co
EXCHANGE
26%
-
2
50% Feb
1
25.
Central
'aYY.a:.;
16%
89 % Jan
8
Nov
4,000
100
12
9%
•V
10
9%
•
.
W/o
29
Dec
34%
/ ■:•.
90
Dec
15
100
Sugar
May
27
Nov
_.
Corp common
preferred
:
137
38
13%
Aguirre
Y
-.
aY''yYr;VYYY
'
7%
,<
Highest
I per share
Sep
14
5%
79
7
112
21% Oct
••/•■'•-
7%
9
45
Central
105
77%
7
7%
7
11%
'-24% 25
22
7%
Jan
35% May 19
6
Jan 13
200
v
128
12% May 19
200
8%
25
$ per share
_10
Corp
common
Celotex
3,900
20
18%
101% Nov
Celanese Corp of Amer com__No
par
A $4.75 1st preferred
No par
1% 2nd preferred
_100
300
27%
General
$ per share
Lowest
„_50
series
Caterpillar Tractor
10,100
160
26%
Sper share
5
*_
Highest
(
Ry____l00
Light Co
100
common
(J I) Co
Preferred
2,000
,y
&
Year 1940
Lowest
Co
4%
Case
210
58%
Corp
Carriers
2,600
139 '
138
8
16%
46%
Range for Year 1947
.
Ohio
&
Steql
Preferred
600
V
&
Power
Carrier
3,400
-
8%
*9%
9%
26% •' 26%
;•..
:
-
,
136
58
28%
xl7%
8%
16%
\45%
100
;
Clinch
Carpenter
6,300
7
135
58%
99
26%
7
134 .;.f
,
28%
99
136%
134
V 42
42
r^l-rx
.
46%
:
58
28
100
rl36%
133%
•57%
28%
*99
7
45%;. :
132
57%
28%
101
*137
135
57
6%
45
46%
135
57%
6%
-
Carolina
Carolina
600
17%
15
Range for Prevloui
STOCK
Par
6.100
16%
YORK
EXCHANGE
60
28
16%
42%
1-6%
111
f 27%
40
17%
NEW
Shares
*39%
39
42
V-'V
the Week
110
17%
(55)
RECORD
Sales for
Jan. 2
tper share
S per share
110
f
,
CHRONICLE
STOCKS
Friday
27%
27%
>
.
STOCK
Jan. 1
share
per share
t
FINANCIAL
YORK
Thursday
Dec. 31
per
t
&
PRICES
Wednesday
Dec. 30
^
S
t
■■
COMMERCIAL
par
.119 % May 21
,
preferred .^-.^_.^.No par
100% Dec
27
24
Oct
8%
Sep
11
20
Feb
,
89
10
Deo
23%
105
May
51%
Jan
>
25%July.>„
•
A .43
r-
Jan
.
.
.v «'.;>•
4
Sep i
■
'
Jan
24
,
Now:
21% Not
,
110% Jan 23
23%
25% Oct1'')'1
114
Jan
'
'*13% *14%
27
27
42
42%
*82
14 •' 7
;
29
1*/*
:
*80 %
4%
*28
4
8%
11%
6'V: ;Y :?5%
5%
*5%
r
11% -12
11%
400
•11%
11%
-
A
6%
6%
*3%
3%
6%
6%
,
v
4
YA 3%
'
6% Y
3% :■■'■
-
Y:
8%
31%
32%
31
:
32%
:.Y. 15%
16%
15%
15%
8%
8%
8%
8%
31
35%-
32%
54
11%
4% Y
;
.
16%
4%
11%
16%
-4% A;
'
?.'34Y'
62%
61%
4% v-
4%
25%
25%
25%
25%
500
400
*90
99 %
*92
■
95
25% "25%
f;
*90
25%
'•Y *91
22%
22%
22%
22%
21%
38%
V
38%
38%
39%
38%
*31
31%
31%
31%
31%
85%>
•
v.v
9%
10
81%
78%
15%
15%
32-H
*31%
31
32
195
*165
90
*80
'
37%
38
:*30%
108
*107
108 %
37
108
r30%
31
*107
37%
37
109
*108
-
Htoay
30%
76
*41
*41%
45
15
15'/8
*34
35%
*34%
14%
*34
14%
-
:
35%
141%
140 %
140%
89%
89%
<89%
89
Dec
Y'-tY*# ptr* sharp..
*178
•
184
*178%'
C62
62% .62%
62%
HIGH
..
Y
62
'
Y
.
*1,350
•
"r 44
88%
88%
25
44i%
v
%
•
'62%
25
17%
"13'/a
88%
87%
87%
25
24%
25
19
18%
19%
''-l
:
:
183
.
■
62%
*
i' *62
Y13<;-Y
15%
15%
17%
12%
11%
14
.
•23%
22%
11%
11%
34 y«
*34%
*13
13%
'v'"
v
yy. '•
Share*
183
-
.a *88 %
:~-
r ■.
45%
<:••'
90 Y
YAH
>* •'•
\
.
'•'
'"
V
15%
.,'.
'A
-7.
15%
17%
17%
12
'
13%
4,000
13%
STOCB
y
a13%
13%
a
14%
23%
24
24%
CLOSED
23%
24
22%
23%
23%
NEW YEAR'S
24%
24%
11%
1,400
11%
11%
DAY
EXCHANUR
11%
34%
|
-
34%
13%
120
11%
3474
66
41
40%
41
40%
40%
41
40%
87
88%
40%
89%
87%
88%
88 %
89%
90
90
21%
21%
21%
21%
21%
21%
22%
22%
22%
7,000
*30
<
2%
2%
2%
96
96%
98
96%
97%
26%
.27%
,13,300
11 A.
500
26%
26 %
27
26%
10%
10%
10%
11
30%
,31%
31%
31%
30
30
5%
51/4
21
•
30
yyy--; y, y
*31%
5%
5%
21%
21%
1051/a
105'/a
17%
17%
17%
105
3174
*30
30
30
5'/8
21%
105%
105
105%
26
Y-10%
211/8
19
Feb
111
21%
108
Nov
36%
Oct
27%
Sep
34 % Nov
3
May 19
11% Feb
10
9%
94
6
88%
*17%
17%
18
10%
Y
10%
10%
30%
5%
21%
105
50%
50%
12%
12 Y
12%
23
23
*13%
•{
32
41%
j
r -
*95
101
41%
~23%,Y
v
10%
51%
51%
X104
52
121/8
13
13 »/■
13%
23
23
23 Vb
23%
13%
13%
32
32%
"V
13
13%
13
13
31%
32
31%
32%
100
100%
99%
-
94- ..V",
AH 41%
42%
42%
95
94%
94%
11%
12
*92
—
30%
31
•11%
94
31
11%
*89
31
95%
llVa
*89
32
32%
*95%
97%
*95%
97%
*95%
96%
*95%
11%
11 %
11%
11%
11%
11%
11%
54%
54%
7% -..7%
54
54'/a
*16
*51%
*53%
7%
53
55
7%
54
54%
54%
*55
,.7%
8
7%
52%
54
54%
16%
16%
23%
24
24
24
24%
53
51
51%
51
51
16%
23%
f
A
16%
Mar
20% Feb
18
34% Nov
May 19
May 19
13%
13%
13%
14
5
45%
44
44
44
44
85:
Jun
*13%
51%
1374
13%
13%
13
52%
53
53
*52
For footnotes see page 24
44% May
22
May
108% Mar
21
95
107
Dec
71
Nov
15%
38
Sep
205
Feb
105
Jan
108
Jan
109
Sep
113%
Jan
106
28
Nov
Jun
108% Mar
106
4
Apr
62
Ju f
35% July 28
10
109
Mar
3
Dec
10
101
Jan
22
99%
Jan
42% Dec
26
67
Feb
18
56%
Feb
14% Dec
10
24% Feb
3
19%
Deo
32
No par
34
Dec
10
140
Dec
26
89
May 21
Dec
% May
27
115% Feb
31
27% Jun Tp
106
Jan
43% Jun
26
35% Nov 28
-
39% Mar 13
48% Mar 6
154
Feb
Fcl
24%
1
91% Dec
26
'44%
Sep
36% May
39%
152%
Nov
60% Jun
19
•
Jan
165
May
Range for Previous
STOCK
Range fcr Year 1917
&
22%
per share
141
May 19
x61% Jun 10
33
87
Dec
8
18
8
9% May 15
100
8
900
Oct
18
:
55%
Oct 22
12%
93
32%
98
11%
55%
7%
55%
10%
■
A
:
"
Y 'A- '■• >.'; :A A"A; .'AA
.
'•*• Y
•
''
'•'
A
24%
13%
33
.
13%
13%
A
'
51
13%
*23%
V
11
50%
•
33
100%
101
1,300
•
24%
41
Jan
13
Sep
39
'
Jan
♦
Jan
17% Feb
11
4
12% Oct
38
21
28
Oct
47
10
27%
Nov
47
18
12% Oct
14
8%
Sep
14
Jan
30% May 28
11% Dec 30
39% Aug
22% Feb
6
32% Nov
7
20
Deo
63
86
Mar 21
78%
Deo
50
Feb
36
Apr
Dec
30
Dec
30
,.,—10
36
May 19
87
Dec
No par
94
29
Dec
29
13
36%
36%
4
Jan
19
7
2%
2
123% Jan 29
111
1,300
2.100
%
2
29%
8% May l6
23% May 19
14% Jan
2
12%
Nov
33% Nov 20
24%
Nov
30
35% Feb 11
7
Feb
7
33
No par
j
Apr 14
4% May 19
Corp„_5
com__No par
21
Nov
18
104% Nov 18
*42%
43%
2,60Q
*93
96
.12%...
*89
31%.
*96'A
'
12%
94
29% Feb
3
108% Mar 26
5%
:
24%
11%
55
„
7%
54%
1,200
600
9,400
16%
16%
16%
600
24%
24%
1,000
52%
*51%
52 %
50
14%
4,000
14%
14%
44 %
46
13%
13%
133/8
13
13%
53%
54
5,800
53
53
54%
720
14%
46
preferred
Continental Diamond
Sep
110
•
•
Steel
Cooper-Bessemer
20% Feb 13
17%
15% Feb
10
13% Nov
23%
2
42%
60
10% July 30
17
May 19
12% May 19
9
114% Feb
No par
Fibre
5
.^10
1
Corp.;
14
par
No par
common.
5
50
Corp_,___i
Exchange Bank &
Apr
May
i
33%
Jan
!
Sep
47
Jan
Nov
32
Aug
38% Feb
30
25% July
17
19% Feb
Dec
Sep
Jan
16%
Jan
30
Convertible pref 5%
series.,
Cornell Dubilier Electric
Corn
30
;
14% Nov
17 ■% Mar
99% Dec
Corp corn—No
$3 prior preferred
Copperweld Steel Co
Feb
54% Jan
Continental Oil of Delaware—--.--5
Continental
36
109% Jan
11% May 21
10% Dec 16
No par f
Continental Insurance
Continental Motors
14,300
2434
*44%
.
*
55% May
10% Feb i
40% May 19
No par
$3.75
55
54%
20,700
Sep
40% May
.
Oct
105%
.
Jun
18%
Oct
Oct
Feb
36%
15
Continental Baking Co com—No
par
$5.50 preferred
—No par
Continental Can Inc common——20
98
11%
:.7%
7,800
132
5
:
Container Corp of America
com„20
4% cumulative preferred
100
840
,
33%
Corp—1.33%
com
5% Jan
Sep
Sep
No par
$4.50 preferred
July
32% May
Jan
33% Jan
No par
Consumers Power Co
800
50% Aug
59% Jun
123
Nov
28
25% Nov
?
Apr
36% May
Apr
Deo
26% July
(
48
Oct
103%
Jan
106 V*
Oct
48% Oct 23
115% Feb
3
No par
Grocers
r
*
Jan
10
lpo
preferred
1
Feb
Nov
16% Feb
Consolidated Vultee Aircraft
1
Consol RR of Cuba 6%
pfd;
100 iConsolidated Retail Stores Inc_:
1
1.500
Jan
Oct
12%
32% Jan
Consolidated Laundries Corp
Consolidated Natural Gas
2,400
34,900
23%
15%
4
32% Jan
May 20
Co—^—25
•Consolidated
Oct
10
17% Feb
1
common
Y
<
22% Oct 23
20% Feb
28
common—No par
Inc
«
60% July
110
Aug
63% Jun
Deo
37
21% Dec
2 % May 19
$5
42% Feb
x99
No par
Cigar
2,200
2
10
Feb
.
69% May A
No par
Co
of N
Feb
200i
Deo
21% Nov
20 % May 19
Edison
A Jan
Oct
2.50
No par
Consol
61%
tper share
2.50
Electric
Coppermines
27,500
56
46
Aug 25
May 14
130
6
105% July 25
12
May 17
16% May 19
com—No par
Congoleum-Nairn
>
Highest
tper share
65% Jan 11
1155
May 22
24
23% Dec
A
Lowest
.191% Nov
May 21
May 19
preferred
Consolidated
16%
$ per share
1140
preferred—100
Consolidated
■104%
Highest*
.
No par
Year 1940
Lowest
$
■
com__No par
400
16%
*
Feb
178%
jpp
3,600
%
24%
15
*44
Deo
38% July
58% Apr
Deo
31
1
Conde Nast Publishing Inc
1,700
*51%
16%
*13
101
*93%
-
16%
10%
423/4
A
AY;'
17%
42%
~.
12
93
~
100 Vs
100
42
94%
■•:;
98
30%
I
13%
■
'
12
*92
23%
-
32
1*100%
>
10%
50%
12%
16%
10%
50%
10%
50%
H-:
114
Oct
Dec
78
50
com
30%
Deo
21
'
:
Sep
20
~
50
>,
Jan
May
28
Feb 18
48% Jan 30
$6 preferred series
Commonwealth Edison
4,300
5%
Dec
$3.60 preferred
Commercial Solvents
Commonw'th & South
59,000
94%
2%
Gas
Commercial Credit
560
2%
21
29% Jan ' 6
15
53
66% Oct 21
24
8
$4.25 cum preferred w w_^No par
Columbus & Southern Ohio Elec—10
3,400
95%
30
5%
21%
*105
;'Y
26
30%
5%
21
121/4
94
30%
25% July
Sep
27% May 20
No par
No par
2nd
non-rum
Columbia
3,400
31
9
Nov
Jan
Deo
No par
Corp
1st
non-cum
4%
800
37
30%
76%
Oct
6%
36
37% May 19
preferred
;
20
to Southern common—100
Pictures
11%
66
37
,
14
1
96
••
conv
Columbia
11%
64
37
10%
18
42% Mar 17
23
No par
4,800
11%
36%
*10%
30%
Feb
7% Mar
30
No par
Carbon
63
Y
gtd--
preferred
Columbia
11%
10%
100
Dec
56% Sep
100
(The)
1,300
63
26%
21
Columbia Broad Sys Inc cl A
Class B—__.i
19,000
36%
40%
2%
13
4% Nov 29
A 32
—__100
Internat
cum
4%
2,300
22%
11%
2%
15% Jan
10
25
^—5
A
Colorado
1,360
36
10%
-
5%
1,560
63
2%
25% Jan
Mills Inc
5
Colo Fuel & Iron
Corp com—No par
•
900
12%
26%
i.;
$3.50
'
67'A
2%
v
Deo
Colonial
36%
95%
i
14
21% May 21
Collins & Aikman
67%
2%
'
Jan
15% Feb 11
No par
Colgate-Palmolive-Peet
530
36%
95%
■Y1-:
Class
2,100
40%
-
43%
31
Par
2,800
69 V*
Y > 88%
:-Y-: 21%
'
Jan
% Jan
10% Dec
.A'-'A:
19%
36%
12%
82
Sep
Sep
15% Sep
34% Sep
,;
Co_~_10
common
NEW YORK
25
36%
12
30%
3C%
Feb
16
—No par
Corp_^
19%
V.
23%
34%
13
34% Dec
11%
«'
59%
com—8.50-
2nd pfd
cum
Coca-Cola Co
3,000
12%
34%
53% Feb
11% July
37% Jan
Industries Inn
Coca-Cola
11%
*67
Y
;A: V
430
12%
34%
21
s
Oct
Feb
J5% July
Deo
EXCHANGE
200
62%
13%
34%
27% Feb
3%
-
Nov
.•
24%
A'*-■ :*
■~t.
17% ,17%
13
11%
22%
*12%
15%
15%
11%
22%
11%
Y'
19%
17%
13%
14.
44%
25%
15%
13
8
7
{
-
*1350
87;
121/4
13
12%
34%
87
24%
-
17%
23% .23%
22%
22V2
•
•••'■
xl9%
Yr
38% Feb
Sep
17
Equipment
the Week
# per share
44%
17%
.12
11%
.:.
44%
Sales for
Jan. 2
•
182-
*1,350
44%
14% Feb
33% Nov 25
A
_
Jan. .1
15%
12 V*
*12%
.44
18%
17%
12%
•
.
88%
24%
18% '18%
15%
15%
y
*1,350
44%
Elec
STOCKS
; YAY Friday Y;a
Thursday
'
*1,350
44%
%
4
7
PRICES
$ per share
;Y: 182
4
6% Feb
'•
33%
11% Oct
45
J,
5% preferred
Cleve & Pitts RR Co 7%
A Special gtd 4% stock
Climax Molybdenum
2,200
Dec. 31
■
183 %
89%
5
May 19
Oct
'
Cluett Peabody & Co
Preferred
10
Wednesday
.'
;
4,000
7
5%
30
4%
20% Jan
_ioo
Clinton
142
SALE
v>\
Dec. 30
S per share
per share
*178
184
.62%
M
t
AND
,,-;A Tuesday
29
.
35%
35%
♦138
YYMoi»i*yH Y1.'
1,000
45
35%
35 Ve
LOW
A >,
'Y; Y Saturday
Dec. 27
30%
*35
AA
35%
89
230
14%!' 15%
v_
35%
*140%
•
15,700
:
15% Feb
.10% Jan
} 6% May 19
23% May 19
13% Nov 25
'
5% preferred
100
Cleve Elec Illuminating com__No
par
$4.50 preferred
_No par
Clev Graph Bronze Co.
(The)—1
73
*41%
15%
*35
30%
73
.
89%
141%
89
45
15%
35%
V
37%
107
t
.
Co
i_
20
& at Lcuis Ry Co
com—100
Clark
1
2% Dec
par
City
800
C C C
*107 r 108%
73
*41 %
45
36%
108%
*72
>
90-.
107
34%
35%
*140
73
73
2,400
j
Jan
8% Feb
14% July
17% Jan
2
-
I T Financial
Jan
26%
July 23
:
City Ice & Fuel
City Investing Co
5%% preferred
110
32%
195
*80
31
*107
108%
1
*73
32%
108
300
78 -•v.:
15
*165
>
37%
107%
■
Xl4ya
•
' 1
90
31%
C
18%
Oct
7% Nov
No par
Cincinnati Milling Machine
8,800
A 600
Oct
9%
20
7% Feb
56
Oil
&
~iV»
12% Dec
1
2.50
Preferred
3
12% Jan 29
Apr
No par
Co—-.—
Cincinnati Gas
2,300
io%
78
C 195
*80
39%
*10
V
'32%.
*165
90
22%
'31%
79
15%
195
*'
*80
A
Y
10
80
16
*165
V
:
4,600
■
39
*9%
10%
*15%
•
102% July 25
32
51% May 19
Chrysler Corp
96
22
39
15%
*9%
*81%
31
31%
26
v
'96 :
66%. Jun
30
Dec
May 19
:4% Mayil7
8% MayT9
i-^100
Cotton
25% May
Oct
No par-
preferred
Chile Copper Co
19,700
'
:
Chickasha
tChilds
20
63%
ivrar
48%
3'/a Apr 14
5% May 19
,
com—No par
Chicago Yellow Cab
3,200
32
*
62%
No par
__A100
preferred
$3 convertible
17%
2
•
50
Chicago Pneumat Tool com__No
100
4%
A32YY
'
62%
5%
.
.
2,900
Oct
28
A 6V2
com__504
preferred-
Chicago & Northwest
7,100
; '54
ik" ;>i6%
34
*32%
•
62%
...
11
:
40
^^^1
Series A preferred vtc_
32% ; ;33 Y'*:
54■??
*53% :'•••
*16% "17 VY
*32
•34%
34%
12%
30% Oct
54% Jan
No par
Chic Milw St Paul & P vtc
13,600
35%
11%
Co..
14,500
;
-15%
32%
35%:,55 \
*11%
RR
30,600
31%:
15%
34%
-
■y 32% •'<33;'^
*53%
•
111
13
3
10
82
Chic Ind & Louis Ry Co cl A_v_^25
Class B
No par
7,200
•
'
■
8%
5 %
11,500
Y
East
20% Feb
Jan
40% Dec
23
preferred___100
Chicago Corp (The)
Chicago Great West RR Co
6,300
7%
4%
convertible
Class A_
2,600
•
'
■r
Chic &
4,800
17,300
ya
ii%
3%.%
3,600
8% ;.)>
Y €
5%
Y.
1,800
.11%
10% May 10
1.25
Chesapeake Corp of Virginia..^
5
Chesapeake & Ohio Ry common
25
17,000
4%
11%
Checker Cab Mfg_*_
2,100
■29%';:.;
'f% A4-V
:Y;, 8 H
$%
11%
'.
41% .•.42%".
82
82%
4
8%
11%
;
11%
i3%H:
1-3%
83 *! "
*
8%
•
•
41%' '42%
85: AY
4%
.
*■•:
Y
14
Tr Co
20
32% May 19
48
Feb
XlU
24
Deo
Sep
64%
12%
Feb
22
Sep
109%
Jan
53%
Jun
94% Dec
30
>11% Dee
s
115% Mar
35%
29
20% Feb
106% Apr
9
101
44% Feb
8
33% Sep
103% Nov
.
94
Dec
5
30% Dec
29
95
17
9
Dec
May 17
Apr
104% July 31
10^
110% July 30
7
13% Feb
8%
■
July
1137/b Mar
Nov
18%
Feb
44
May 20
6% May 19
55% Dec
1
46% Nov
12% Feb
8
10
35
Apr 14
14% May 19
55% Dec
23
33%
Oct
49% May
Feb
19
15
Nov
X23 % May
12% Apr
27% Oct 23
13% Nov
30%
May 16
12% Jun 27
53% Nov
21
46%
Deo
56
17% Oct
6
12%
Oct
23%
Feb
44
55
Feb
5
50
Oct
60
Apr
-20% Feb
13
Nov
27%
Jan
Jan
7
Sep
67%
Jan
14
43
Dec
26
12% May 17
51% Dec 27
19
61
*12%
52
Oct
63
.
Jan
24
Jan
Feb
Jan
rx
16
\
I 1
Deo. U
I per share
I
per
187/«
19
91
91
*91
175
■;
64
Y':"Y/,",
5
43/4
4%
4%
51/4.
23/4
23/4
2%
23/4
2%
34 %
"33%
34%
34%
343A
98%
*96%
98%
*96%
98%
2%
'
34
98%
11%
11%
11%
12
233/8
22%
23 Vb
22%
43%
43%'
44%
45
*44%
41%
41%
41%
41
41
*40
41
33%
33%
33%
33%
'
41%
33%
*99
24 7/b
*67%
68%
*30%
33
24
24%
67
673/4
32
32
14%
14%
13
84%
82%
33%
34
"
'
67
66 y2
33
68
280
*31%
32%
14%
14%
xl2%
16%
16%
*16%
16%
*23 J/2
24%
*23%
24%
9%
A 8%
57%
4%
4%
18%
18%
137
*131
27
27
*26%
43/8
.12,100
Jan
9
28
Sep
35%
45% Oct 20
52% Mar 27
32
Oct
62
47
Deo
54%
Feb
16
25
Oct
40 V*
Apr
24
103
Sep
110%
Feb
150
Apr
22
110
Sep
Fob
13
29
Deo
Jan
29
88 y4
Dec
343/4 Oct
30
Dec
16
97 v4
96
22% May 19
21
22
Oct
17 y.
Oct
May 2u
16P
7
Jan
165
12% Dec
29
16
147
6
70
Jan
287/«
Jan
165
Jan
95
Oct
106
Mar
16%
Nov
24% July
10
Nov
26
103
Oct
146%
Feb
60
Sep
767/a
Oct
12%
Apr
Feb
3V4 Feb
Jun
46%
18
10% Feb
113% Jan
Feb
54%
115% July
27% Nov
No par
Jan
Jan
Mar 12
101
Jan
160
7
17 3/4 Sep
12
827/8 Dec
Jan
16
1,700
xl6
5
preferred
preferred-
56
No par
1
common
7%
Sons Inc
Feb
27
27%
27%
23
♦22%/
233/8
23
23
400
94
x90%
90%
*91
94
50
'20
19%
19%
19%
203/4
700
22%
223/4
*221/4
22%
1,000
series A——100
Davega Stores Corp N Y
2.50
Davison Chemical Corp (The)
1
13,000
600
Dayton Pwr & Light common-—„7
Preferred 3.75% series A_
100
Mar
132
5%
128
23
l
Jan
Oct
145
Dec
,
26%
Feb
34 %
Oct
17%
11
Apr
10% Feb
18
18% May 17
No par
Dec
2iy2 Dec
127/s May 21
129
100
pfd
Cutler-Hammer Inc
7
6 3/b Feb
4 Vb May 20
_1
Class A_„
Cushman's
400
2
21% Jan
13% May 19
,
10
Inc
Curtiss-Wright
30,800
' 28 /
*271%
30
29
$7
4%
Jun
110%. Aug
31
100
Prior
19%
Nov
5
10
Dec
150
137
101
49%
,
Oct
6% May 19
100
41/2'
Apr
Y 77/s- Jan
Oct
Mar
24% Oct
59
*131
31
16
Curtis
139
19%
CLOSED
YEAR'S
DAY
' "NEW
137
*131
H 9
413
107
66
100
;
14%
.
30
Cunningham Drug Stores Inc—2.50
Pub Co (The) com
No par
100
*57
STOCK
EXCHANGE
18%
18 %
18%
137
*26%
27%
130 Vb Oct
preferred
Cuneo Press
800
/
•:
139
58%
41/4
43/8
18 '/a
*131
YYVYYY'' Y*'*
140
*57
57%
4%
4%
18%
137
8%
♦1381/a
*57
4%
♦131
9
140
8%
140
"'."AY
preferred
4% %
300
243/4
18%
105% May 19
Oct"
,
16
of Amer com__No par
Cudahy Packing Co common
4,300
85
■16.%
57
108% Feb
4ya
Dee-
,210% Mar
Nov
Dec
preferred
7%
13%
13
*80
86
5%
4,700
preferred
2nd
$4
180
*160
12%
*81
14%
14%
180
*160
32%
*31
-
15
83
57
$4.20 preferred
50
16'/a
-
29
100
Cuba RR 6%
preferred
__100
Cuban-American Sugar common__l0
83
*57
Dec
2,000
13
»"
No par
No par
98
68
*67%
*23%
9
"
Crucible Steel
13
138
34% Oct
130
16%
8%
29
3,200
24%
138
Apr
24'/a
16%
"">■
25
98%
24%
9
5
,
125%
16%
143
18
24%
,24%
8%
Dec
75%
Deo
7%
9
22% Dec
97%
99
*24%
*138
No par
41
Xl85 %
Aug 15
'
8% Jan
11% Dec
97
1251%
*981%
180
85
31% May 19
Zellerbach Corp com
Crown
2,200
*16%
*81%
No par
com
195
'
24%
14 y8
13%
4% Jan
25
100
1
2
preferred
$2
600
42
Seal
&
397/. May
'109% Aug
-
Deo
58 V* May
7
40 Va Feb
128 3%
*160
13%
13%
13
(The)
of Wheat Corp
Cork
753/i.Jan
15
2% Dec
24
*31%
180
*160
180
*160
Crown
:
25% Oct
101%
1053/4-Jun 26
26% May 13
*126
98 %
66
14%
Cream
61% Sep
24%
24 V»
'
14%
1,400
2,700
16
170
125 %
125
127%
124%
125%
24%
98 Ve
99
93
99%
125%
3,200
443/a
42
33%
33%
33%
12 3/s
22%
*44
Dec
88...
1
1
common-
12%
451/4
11%
23
6
13
Creameries
22%
22%
43%
12
*22%
19
1053/4 Feb
31
preferred.
of r.merica
33/4%
32% Feb
16
Dec
:
Co
Crane
98 %
26
$ per share
per share>
,
183/2 Dec
•>
Highest
;!i Lowest
88% Dec
4% Dec
Coty International Corp
3,800
.34%
12%
23
*11%
*43
34%
*96 3/4
'•
35
34
*96%
Inc
Coty
2,300
"
Sper share
Year 1946
>
Highest
$ per share
25
,100
:
4.200
;
,5%
' 2%
5%
23/4
pfd 3%% ser
Refining com
Preferred
1
;
Lowest
Par
<
Products
Corn
50
•
2%
*96%
Range for Previous
Year 1947
Range for
4-
.
.
5
100
of 1947—100
Cum
2,200
„
172
4%
2%
%
64
'
170
■>
.
Corning Glass Works common
3 % % prel erred—
70
93%
*91
'
•
>'■' -'^Monday; January 5,1948
v
"
A.'' At..
%
10
93
*91
YV"*fv>;Y:
170.
Shares
'
' '•"'
64
Xl70 '•<.
173 YY
171
EXCHANGE
•10,000
19%
19%
'
921%
',x63%
643/4
64
643/4
"
■
93
'91
95
*91
95
175
*171
;
YORK STOCKv.
NEW
r-
the Week
"
I per Share
I per share
19%
♦901/4
92
'
64%
64%
'
"'19%
19%
*9oy»
1
Jan. 2
Jan. 1
*
Salaa for
.Friday
Thursday
-
-
-
t per share
share
per
18 3/4
.92
*91
95
64%
I
19%
*90%
*171
Dec. 30
share
18%
Dec. 31
y
'
Y Wednesday
Tuesday
Dec. :J9
-
STOCKS
PRICES
BALE
HIGH
AND
LOW
Monday
".X"
RECORD
STOCK
YORK
NEW
Saturday
'<' A'
COMMERCIAL & FINANCIAL CHRONICLE
THE
x
(56)
July
45
■
May
D
23
*22%
23%
*22%
23%
*91%
94
*91 %
94
*91%
,20
20
*19
21
*19
23%
24%
24%
*82
84
♦83
14
24%
83 %
84
85
84
84
14%
143/a
14J/2
11%
11%
11%
41
41
40%;
403/4
45%
45%
*82
14%
11%
41%
45%
45%
30
30
41A
41
•
29%
7%
85
85
15%
153/4
15
15%
11%
11%-
12
12
40%
403/4
■■•"'
v
41%
461/8
30%
30%
301/4
301/4
40'A
8%
'40%
.8
v
41%
39%
41'
9%
8%
8%
8%
•
8%
6,100
21%*
:
21% Y
65
*12
12%
;/>■
\ Y
12%
12
*23%
'24%
Xi6y»
16%
*16
16%,
25%:
26
25%
39%
"
•42%,-:: 42% V"
*17%:
;
i8
'15% '
«
:
:
''25%
4OV2
40 y4
42 V2
17%
.
25%
39"%.
/.
25%:-
♦•iq " •'
42%
;
;
17%'
y
16
*38
39
38
*51/\
53
*51/
*22%
23%
*36
37
17
17
38
;
,
-
*97
53
Preferred
48%
39%
10O *
39%
21%
80
15%
14%
*15%
93
•
♦113%
>94%
37%"
37%
37%
900
16%
167/a
163/4
;16%
4,600
47%-
38%
99%
99%
101 y2
933/4
21%
22%
22% ;
*81
*16
<94%
•
95
•<
*113%
14%
14%
"
/ 151/4
200
,y
186
1871/2
Du
1,100
YDec. 29
I per share
21%
18
.
21%
■<:
19%
•
:
19%
5
19
\
*89
16
•106
*5
:■
Z
19
v
-15%
106
5
4%
'
\
*152
157
*138
Y 140
19
15%
5
•
51%
52% :■(
12%
12%
33%
1
2
2
•
■
155
■;
4,900
7,300
Y
Y
•19
'
•'.-■
YORK
91
4 %
200
16%
3,500
155
-v-
152
140
•:
140
Elastic
4,400
51%
i'Y; 12%
52% ,v.-
.12%.
'
'.,16%
16%
151%
*150
153
*138
143
/'i
•
Convertible
♦54
100
16%
.
54%
15%
58%-
,
v-j
.
.*21%
*11%
54%
15%
,22%-
22ya;
^
11%
:.
*33
34%.102
*100
4%
10%.
*52%
*63
Y.
18 Va¬
n
il %
46%
46%
7
*6%
*31
.
-
1
;
46
18
.*10%
l' 44%
...
6%
6%
51
51
31
14%. •14%
37%
♦17%
18%
*33
52 Vb
*
*63
;;
ill
-.45% v;.
6%
•
.
Y18%
•
.
'•:
45
Y
;
Y'
10%
"
45
•
63/4
43/b
Y
543/4 \
..■'■
Feb
iO
,139% Oct
21% Jun
23
34
8
;
'
Sep- V
62%
25%
Nor
Sep
16 Y*
7
104% Oct
22
Dec
22
15%
98 % Feb
1»
9l«
Oct
Oct
Feb
10
15
Oct
23
29
110% Sep .12
Dec 27
-
'I per sharer-
Oct
227
Jun
j
124
Dec
133
July
H
93 :
112%
Oct
116%
13%
Sep
July
3
-
8 per
Jan
51
88
30
,61
Jun
190
NOT
209
Aug
\t
39
Oct
71:
Feb
?,
23%
Deu,
40% May
43/4 May 19
17
653/4 Feb
163/a Feb
10
145
No par Y
Dec
135% Dec
Oct
80% Feb
:
12%
Deo
Y
345%
Oct
353/4; Apr
-48% Jan
3%
Deo
13%
Oct
29%May
*;
;■
,'138
Sep
180 y2 May
11
.128
Sep
•
.July 24
156% Feb 24
171
2
1
•
16% Jan
50 Vs
14.
103/4 Feb
8
Sep
v
».
.
-;
4%
15% Dec
;-8%
'
*45'/4Y'46 i
6%
500
50%
51
51% ;.51%
1,200
31
30% ..y31
2,400'
7
,
/
7
13% '
7%
7%
14
14%
37%
37
37%.'
*36%
38
*37
17%
■18
18%
*18
18%
*18%
'.
14%
10%
11
10%
10%
10%'
10%
23 V2
23%
23
23%
23%
23%
98
98%
97%
98
97% 1 97%
133/8
10%
«r%
"Ivi
;
-.23% -23%
*96
97%
9,800
3,500
200
600
1,500
4,300820
Fairbainks Morse A Co
No par
-Fajardo Sugar Co of Porto Rico__2o
Farnsworth Televis'n & Rad Corp.. 1
Fedders-Quigan Corpl.—„_1
Federal Mining A Smelting Co—2
Federal-Mogul Corp
—_5
- Federal
Motor Truck—--No par
-Federated Dept Stores com.
No par
>
i
4%%
convertible preferred—/100
♦4%
Sep
11%
NOT
15
17%
Deo
v/43%
Mar
17
~
NOT
'■•21%
Oct
104
!
Sep!
: 111
:
38
107
3
44
May 19
,
T
503/8 Oct 18
(13% Aug
0
3 an
80
31% feb
60
4% May 19
9% Feb
1
7
8
14 3% Dec
11% Dec
32
.
May, 16
5
16% Dec
93% May. 19
10
Apr
97% Dec
42% Mar.
7
Jan
i
93
Jan
1
Oct
95
;
14% Feb
.28 3/b July
30
1073/4 Juri
8
23.
12
■
'•
21% NOT
:
t
34% Oct
Oot
Oct
21
i"
Oct
10%
Not
104
it
iMay
|
;
54% Feb
1
I
Jun
34% Aug
108
Feb
Deo
35
ij;
36% Feb
19% Jan
Sep
7%
if
|
ii;
1
■
88"
47% Nor
21%
Jan
333/« Apr
68% 'Apr
63%
11% Jun
15% Oct
..
7
Jan
.,
22%
Oct
/
.
',23% July 14
18
J[
23Vb
Oct
26
16
25% Jan
|.|
Oct
48
10
7
25% Jan
>
)i
90
8
24% Feb
I'O'A Nov 17
19
•: Jan
"9%
J
Mar 25
13% Feb
29:
X6'/2 Dec
Mar 24
hi
5!
| it
Y'-f—"
'<
3
Nov 24
19
30% Feb-
31
7% May 17
32 V. Mav
0
Feb
.' 25
63
:
>2-
43/a Dec
67
17% Dec
Apr
: 12% Feb
47% May 19
.
61% Jun
2
18
Y19% Jan
.
|
;
lO
V Dec
24% Dec
8
8 Va Dec
| f
Jun
66yt
Oct
'
•
No par4
Co————.5
Eversharp Inc.j;
—Y——
1'.
Ex-Cell-O
Corp——___—/—_3 1
Exchange Buffet Corp—
—2.50
900
31
6%
Co_—•—10 '.
common__25f
Evans Products
Y
13,500
6%
r
May 19.';
11% Dec 17 '
27y4 May 17i
102
May 73 V? Dec
9
July
167
593/4 Oct
17
13
preferred series A^__Y——100
Erie & Pittsburgh RR Co..
—50 1
Eureka Williams Corp.:
,5
3,166
900
common.—
24% Mar
40
;
Jan
7%
"
.
5%
700
'19%
RR
5
9>/4 May 19 ;
Equitable Office Bldg
Erie
3
46% Mav 20
preferred-——_i—100
new—-_i-—,1?;
24,500
Jan
47
No par/
Phonograph—,5
Empire District Electric
:.;65 i
11
Radio &
20,300
*18 V2
10%
Battery
3
57 8% Oct
Feb
:
6y* NOT
3% Jan
8
11% May 19
2
114 '
Not
106%
:
Aug
27% Dec
Oct
17%
/
112
Oct
101
5.
'39% Jan
33% May 29'
—__NoparL
;
"
13.
10% May 19
:
21
18:
10
50% May
fi
Nov
111% Feb
8% Feb
26
Dec
h
31% May
Sep
16 %
30% Jan
2
25% Feb
7
109
Feb
4
27% Feb 17;
15% Aug 29 .\
'
30% May
19
r
573/4 Dec
s
j
1
<.
■
104
# per share
48% July 23
42% May 17
.T8s/a Dec 31
Dec
' f\
3
198 % Oct
26
Dec
■
,■
80Y
253/4 Aug 18
24>% Apr
4
i t
.(■'
Highest
" J.
share
Feb
May
.
Previous
Year 1916
Lowest /
I per share
■
21
Range for
J;';:;
Yv
Highest
42% May 17
.
U
161
16:. Nov? "5 "*
163
Apr
41% May
4'.-
16
Jan
j
116
8
>
Lowest
14% Dec
Jan
33%
•
t'i
Jun
115% Jun
19% Mar
29
';19%
118
129% Aug
107% Sep
197
30
'.-14
•
14
17% Nov 12
May 27
92% Dec
•
19
-
115% Dec
■
■»
Deo
31
Mav 16
173
•,
-'i
29%
42% July 24-.
14% Nov 29
■
Feb
■; 108% Mar
Nor
111%
i
Mar' ij
37% May 'i
r-
Deo
63%
114% Feb
60 '.Dec
/
i
48.-
x23%
(
'
Jun
18
Jun
76
«
';'
Apr
8
26
110% May 19
•
sharesi—_»,
•Ehdicdtt Johnson Corp
8%
.
14%
i
II
14 y4
see page
1,200
31
11%
For footnotes
48%
14
Paso
Emerson
900
51
23%
-
Y
102!
*36%
17%,
,
10
J63:
T
8,%
11%
100
30
»\
V
52
98% D6c
National Watch Co—15 ;
Natural Gas/—i—3
Emerson Electric Mfg Co_://—4
-33% y
53%
18%
63/4
El
2,400
>32% V
'12%
v
4%
'
52%
65,
12%
*101
.
>
22.3%*33
10%
f
10%
Y"
if
43/8
i
8%
8%
18% Y
Y"
102
4%
52'/a
65
22%
23%
100
553/4 Oct
'■
*
•
91% Dec
■r
30
r
28%
«
Jan
July
15
36% Sep
Elgin
500
59 Vi-
*58%
•
Y ,Yl5%Y 15%
"12,.
10
800
;
"f 33%
*101
:
16 .V-
*
.
Y
50%
■
7
6%
12
,
16y4
59%
Electric Storage
31
' 31
*36%
,
8%
v
;
11
31 y8
7%
7
2
j
Apr
>Aug'
60
34%
18
45% Muy 27
(The).—__5 Y'
preferred.'
600
56%
'16%
15%',',.:
t
4%:
10%
~
8%
18
xl0%
,'46
6%
*63
65
51%
*51. »
102
52Vb
-
:11%
*100%
52%
8%
;x22
34
9%
*17%
.
22%.:
.-••
4%
'
V
*33
4Vb
*63
8%
/
52.%
65
8%
is y#
15%
10
Y
52%
Y
-15% ,15%
10%
41/8
4%
lO'/a
-
11%
-
102
*100
k
34
■
••.
22%
11%
11%
"
*33
;i6%
*58%
15% K
553/4;
55%
58%
15%
vV.58%
•.
55%
56
,56
•
.
'
59%
16%
15%
16%
Oct
14% NOT
16%
■*"
19% Oct
May 22
i|
Aug. ri
60 %
.
'
;
>40% Sep
/16% May 14
—-3
preferred—tii—No par1
$6 preferred
Sep
■
'
15%
'58%
55%
15%
',*57%
18%. Jan
,
28a/4 May 19
'
Y
42
,60 * Jan 20
. 24% Feb
13
*
Electric Power & Light com__No par
$7
; 34% out
Jan 17
;47
24
12
19% Dec
'
'>1
Elec & Mus Ind Amer
-i
19% Dee
39% May
-
-
3.900
200
Ded
Oct
15%
'May 19
<49
Electric Boat commons.
500
iff
15% Dec
25
——100
Nut Co—4.—,—;
,1 *.
Electric Auto-Lite
'' Y
f'Y,
16%
23 % Bep
■
»
11% Feb
Feb
:
"
I
Jan
22
11V4 May 19
,
/
7,600
2V4
*
7
77
62% Oct
Nov, 20
"17% Dec r 29
common—.—-5
2,700
300
2%
143
Stop
28
Oct
26s^ Oct 23
42%
preferred.
3,700
>35
35
16%
f
*138
-
5%
2%
151%
153%
140 %
•.
!
Oct
60
13% July
29
Oct
51
.Apr
23
j Rannc for Year 1917
:
;
22
19
.•
—
;(
Jan
18
Stores Inc common—-V
preferred
%
4'/2%
Jan
27% Mar Ik
Dec:; 1
20% May 14
preferred—Y—IOCCO———,4
Ekco Products Co
•
420
.*
12%
16%
i
.
*5
35%
•
2
:16% I
Y
..
52%
i
12%
Dec
44% Dec
STOCK
EXCHANGE
cumulative
6%
Edison Bros
1,500
106%
16%
60%
16%
0%
Eaton Manufacturing
900
•
*33
2%
16
16
*138
'
•.
,
t
55% Y.
*105
5 Vb
!
52
/
x33%
..
'
-
167
.*87
16%
■106%
*105
•;
11
Sep
Oct
25%
S
*
89
88
;
"
.
5
'
-15%
•
(
-
18%
12%
:
2
2%'.
16
18%
"
44% '■■
44%
*163
.
68% Jun
42% July
0
35% Apr
Eagle-Picher Co,-—
L
—10 /
Eastern Airlines Inc——-—1:
Eastern Stainless Steel Corp„,i-,5
Eastman Kodak Co common——-10 •'
1.100
9,600
•.
•20%
19 ,/•
Y
55%
34%
52%
12%
34 Vb
<
DAY
Y
18%
1
31% Dec
33% Oct
10% Feb
Par
'
5
52 y4
.•'■.
CLOSED
NEW YEAR'S
55
■
(16
105%
:
44%
22
r-
>-18%
167
88
88
16
106
.
12%
15%
Y
19%- Y
i
*
15%
-
r.
43%
STOCK*' Y
55
19
105%
35%.-
*2
92
*88
•:
.
53
12%
19
■
54%
22
EXCHANGE
8
17% Jan:; 3
5
Shares
I per share
*162
,V,
,
;
18%
-
18%
'
167
-
54 Va
•
•
19
19
■
5%:
*33%
■
-V
--•
the Week
Jan. 2
••
22
>•
18%
!
43% VV;
43%
54
21%
'■
>19
18%
.
*162
;
166
r54
>
16%
52%
.
21%
:18%
"
£ 106
'■
21%
::i8y8
,
43%
43 v*
*160
92
'
:
19%.
18V2
?.
43%
43%:
!
*160< ;; 166
/ 54
54
.■•'
18%
*18
'
Jan. 1
< per share
I per share
I per share *
•
;■
Dec
69 < Aug; 4
.10% May 19
1st pfd—.'—,100
'
22
*21%
,
18%*
Dec. 80 /
>
share
per
Apr
22%
STOCKS
NEW
Sales for
Friday
Thursday
34 %
NOT
6% May 19
com—20,
series—No par
series——No par/
D W G
-
PRICES
Wednesday'.,
»' ;<
Dec. 31». '
Nov
17
45%-iItf
common
Duquesne Light 5%
Cigar Corp
140
1,200
SALE
HIGH
Tuesday
! Monday "
16%
11
5% May IP
20%
Nem (E I) A Co
Pont de
Preferred $3.50
-
AND
LOW
'(.'■• Saturday
-Dec. 27
; V
Corp
Ltd
Mines
Preferred $4.50
■
2,000
•
15%
15%
151/4'
11
45% Oct 31
:463^ Oct 23
S8% Feb 20
^253/4 May 19
No par
^15
$4 preferred series ANo par,
$3.25 2nd preferredNo par
Dresser Industries common
50c
33/4% conv preferred—_____100
Dunhill
International--—i-1'
Duplan Corp (new)—.,
No par
3,600
118%
96 "
><r;96
..".-113,/ 113%
94% '95%
*
Y
300
1,500
118%
;
1*113% 114%
114%
14%
Y *15%
16%
117
116
■;
15%
187
>186%
187%
115%
83
.143/4
16
16
16%
186
115%
/
'7,500
22%
83
143/4
■
200
21%
Y
83.'
..-.-'14%
Co—
Douglas Aircraft
Dow Chemical Co
4,100
94
?/ 94
23% Feb
;
'
.-—No par
——No.par
5
No par
A
Pepper
Dome
7,700
'91%
•
Co
Doehler-Jarvis
7,200
40%
143/4
114%
14%
49
39%
821%
94 •>/
92%
;•■
47%
*79
15%
*112
'
.
*99 %
; f-
92%
21%
48%
39 %
47%
/
48%
101
185%
Dr.
1,500
37
-•'"14%
14%
116
.?
115
14 " i 14
•
22%
Class
•
May
20»4 Feb
25
Sep 29
32% May 19
:
p«r.;
Ltd^—v—-2
—1
common—:
No par
Divco Corp.
30
53
:, *51
16%
*98%
1843/4
; 117
1.
'
101% July 24
Raynolds class A___--12.50.
Dixie Cup
300
V38
101% July 29
30
.
Co
Distill- Corp-Seagrams
'
.500
36%
x91%
116
186
*114
53
53
.
-
38
31
-• Dec
-16
'
YY
18
36% July
29% Dec 30
*
6% partic preferred—.
—23'
Diamond T Motor Car Co—2
,
800
14,100
>16'A
*161/2
40
*38
.
.39
80
15%
16
.186
■>;
16%
'
v
*
Ay
'
14%
18%
22%
22%
■
j42%
is
22%
.
>93
92%
•42%
Sep
---20'
/Diamond Match commons-No
60O
-
—
ctfs for pfd-_i__-^_^100
Escrow
vDevoe &
1,200
■
Hudson-
Lack &
•»De YUblss
/-:• 800
22%
x38%
99%
99%
83
171/4
i'Y
36%
38%
22%
-u<
..V'.-/,
41%
28
84
■Detroit Hillsdale A S.W RR CO-.100
:Detroit-Michigan Stove Coi-_T—^1
-'Detroit Steel Corp—__——
_1
1,500
.16%
16%
22%
,r
26
0
82% Dec
,20
:_100
:
—
&
Detroit' Edison
-.•300
23
36
16%
47%
*80
^ T'(
%■
16%
171/4
53
",22%
36
92%'
:■
.18 "
"•17%
;A,-.
'40
53
.
23
Y, ,'22%
92%
43 "
16 »/8
17
♦37
"
39
'♦42%
17%-:-
-17
483/^
48%.
•"
15% •; 16
•
25%;
41
- -
40%
"
17
•
*16%
-
40%
42%
17%
:
;/v 25%; 26
-
35% Jan
Muy 17
•>.
-.1,400
16%
*16%
I61/4
•:
29
,123/4 Sep
50c
Western
—$0
Denver & Rio Grande West RR ;
/
Escrow ctfs for com
—100
3,700
I21/2
31 ye May
Dec
24
:
■
5,100
,25%"
*25
16% Nov
Aug:
4,700
,
23
31
Delaware
,65
123/,
12%
25%'
16
;
.
40% V
•'42%
17%
15%
15%
*16%
■
24%
19
*551/2
65
.
12%.
.25
Y
24 y2^
16%
•55
:
12%
Y 24%
-16%- t;«
*23%
•
•'65
12 y.
"
18%
37%" >38%•
2i y«
21%
Y( 21% Y21%"
21%
*55'/a
65
*55%
•55%
21%
21%
21%
'
i8%:
37
-
•
34
243/4 Oct
luo
Records Inc
Delaware
=
11,700
383/4
y18
17%
.38
x37
'»"%
7
v.
•
16%
17
16%
17%
98% Not
Nov
16
-Deere
-
"*17%
;t*43% : 43%
Dee
17
16% Jan
11
1,900
i
91%
29
33
•
30
39%
■
18
26
Deep Rock Oil Corp
*1
1
& Co common.—;.—No par
3,400
46
Sep
23% Oct
50c
Decca
'500
•46 Va
*40%
series B_i„
Preferred 3.75%
26 ®/4
96 % Jun
19% Aug 26
90% Nov
33/4%
pfd
12
14% May 20
1
common
Dayton Rubber Co_.
.4,700
46
46
-
9,200
\
Corp
Cum
-
30
?■'.
84 A
15%
44%
40%
'8%
8
253/4
84
84
11%
:29%
30 y8
♦39%
"
25
*84
25
84
243A
83%
24%
> 82%
243/4
83%
Y
41%
22%
24
85
*11%
22%
22 V2
22%
23%
Dana
21%
8ep
24
I
}
i
Volume'167
Number 4661
-
THE
COMMERCIAL
Saturday
Monday
:
Dec. 27 f
20 Va
36%
...
13%
**i'/2
•>,
.•-36%
j
10%/-.
81%!.
-
.93
80%
.-
.:
.41 f
*11%
'
*11%
21%
22
!
-12%.
78 Va
79
21'A / 22%
80
8%
87/8.
8%
21%
5%
*29
20%
13%
*100%
> ioi
57%
10%
155
102
153
11
11
11 VB
12
12
Xll%
77%
*23%
'<•
24%
*133
24%.
138
34%
77 Va
24%
137
34%
34%
34%
87%
87%
87.
11%
,
95
*19%
19%
15%.
-15%
*2%
*23%
>;
/
27%
29%
27%
26%
27
*22%
*95
23%
99
.
*25%
*85
*72
Dec.
32%
!(
20%
/
24%'. '24%
*51%.
t
57/a
119 ■/
*114
26%
27%
80
*68
75
*67
33%
93%
20%
89
;
5
24%
29%
39%
38
20
vb
20
135
68
10%
31%
15%
/
117/b
♦< 7%
75%
'
25
25
92%
92 %
10 ,//>•:
■
*138
*66
11%
12
92
92 %
31%
31%
32
6%
6%
*88%
90 v2
7 vb
91%
6%
*89
90%
>
13%
14%
14%
49
49%
75%
14
6%
15
13%
13%
91
87%
102%
/
*33
Oct
Feb
66%
Feb
Aug 21
3 '
42
Jun
25
126
Deo
64% Aug
135% Jan
Feb
6
114
Sep
123
11
Jan
47%
124%
16 /
NOV
132
101%
Mar 25
Oct
Deo
103
Dec
29
Apr
11
6
31
21%
'
/
dc
140
Feb
6
14%
24%
Co
NOV
88%
;
15%
as
124V? Jan
29
V101
8
4%
75%
•
14
30
14
■
Oct
Jan
150
4,000 "
12,100
.
Apr
14
30
1
24%
95
Dec
29
106
com. —5
21
47
Feb
Apr
40% Feb
V8 May 27
15
108
.Tqn
Feb
5
46%
Apr
Feb
60
Jun
Sep
118
Jan
Oct
32%
29
98
July
f 49% May
Ill
104%
Sep
Oct
105
11 ;
"Jun
132
Oct
102%
06
.
Nov
Range for Previous
stock
/
!
Range for Year 1947
Year 1946
Lowest
Highest
t per share
No par
com
$ per share
23 Vb May 19
No par
Common
Lowest
Highest
90
Dec
•.
31
105 '/• Jan
5
AO
30
Feb
103"
Jan
I per share
Sper share
36% Dec
17 V8 May 19
5
85
•
/
'
Dec
7
22%
102%
42%
Jan
Deo
i
5 Vb
-■
108
Apr
May
v
5
Jun
par
41 Vb Dec
par
27
Nov
59%
Nov
July 23
61% Feb
21
Aug
4
Hosiery—
No par
13% May 13
24
Jan
Motors!—
City
_1
P___—
i
_5
Steel
Northern
Iron Cre
Ry
31
•
No par
100%
Sep
50%
5
Jun
Bay
6%
Jan
5%
2
21vb Oct
23
83
10
Jan
12%
28
■
Oct
2
14% Feb
10
12%
Deo
28
Dec
29
37% Feb
18
33%
Deo
12
Dec
12
17
pfd
No par
NO par
20
>100
133
-.lOO
59
RR
Dec
Dec
26
Common
Sugar common
9
-
Dec
Jan
:
.
158
Oct
5
55
Oct
20%
Deo
40%
Jun
112
Feb
13%
■V- 35
Dec
Deo
27
Feb
12% Jan
54% May
27% Feb
"
NOV
;
21
'•64
Dec
Feb
Jun
1
34%
Jan
rl88%
Apr
'
Aug 22
12
May 27
NO par
No par
25
No par
_/p.-
31
4% May 14
78
May 17
No par
// Rights
Oct
22 %
21% Mar
July 29
92
17
preferred—
Gulf Oil Corp
G,,i* Qfotes Utilities Co
40%
0
70
10
...1
>__1
Gulf Mobile & Ohio RR
preferred
13%
3
35 %
7
100
Corp
Feb
5
79
Feb
20%
Dec
;
No par
•
preferred
30
Jan
.18
Nov
Sep
163% Jan
May 12
14% Dec
par
101;
27 '/a Mar
26
29% Oct
5
49% Feb
34% May 21
—-1
Corp..No
(The)—
Apr
43
.
May
Prop—No par
& Western
Mar
77
Nov
9
Mar
Jan
113%
Oct
1
107
Jan
! 107
30% Mar
24
com
(H L) Co Inc.
Greenfield Tap & Die
•
Oct
No par
Green
conv
24.
8% Mar 27
41
8%
19% Nov
Dec
com
May
47% May
88% Apr
Sep
90
6%
Aircraft
5
12% May 19
23% Dec 30
Sugar
Corp
8 Va Oct
2
Apr
5*8
151%
Nov
100
pfd
conv
May 19
5% Dec
—No par
Co common:
cum
3
Nov
NOV
105%
.
10
(W T)
4%%
5%
-
% Feh ,11
106
9
116
15
109
Nothern
$5
71
6
29
Feb
19
Great Western
$5
•
95
Dec
106
i
Deo
Oct
33
13
49
Oct
53'
PeD
124
-
6
99% Dec
No par
com
17-'
Sep
7
13
20% Dec
100
19 <
58
May 21
104% Jun
10
6
26% Nov
6
100
3%%
Green
26
22% Dec» 8
51% May
.1
Co
Inc
(B F)
Guantanamo
A'
Jan
v
No par
Grumman
1,900
-
Jan
23% May
48
May
Apr
11% Feb
26% Jun
Oct
20 %
29
'
150
Oct
6% Feb
19 v2
Preferred
24,800-.
•
Oct
137
29% Oct 20
preferred
conv
2,000
V
•
'■*"
Oct
8
26
Feb
40%
7%
Nov
Brewing Co
Stock Telegraph
3,600
49%
>•
•
.
Oct
3b '/a Jan
Par
Brothers
Gt
14,900
i
•
Feb
"
Nov
2%
31% Feb
„
3
s'
'
8
8
32
preferred
conv
Gt
600
<
;
t
'
Feb
_100
york
80%
NOV
3% May 17 '
18% May 19 J
■•//■ exchange
)■' $2.25
1,200
v;';
7
75%
-
34%
24%
6%
80
24%
148%
/
104 v2
148%
*148%
29%
29%
'29%
*6%
*8
8VB
8
25%
25%
26
2b
*88 ;
92
*86
90
*41
41%
*41
41%
98
*97
98
2{f%
6%
41%
*9(
7%
*86
25
"
29
7
8
8 >8
878
25%
.
6 78
25%
25%
*60
74
e<y
.42
98
*9/
*25%
2u
20 ,2
500
Hall
Printing Co
800;
Hamilton
30
*1,500
20
98
4%
.25
Co
1
6 Vb May 19
31% May 21
57% Apr 14
13% Dec
''
/
33a Dec
Dec
31
105% Feb 27
102%
Oct
Dec
24
23%
Deo
8% Jan
10
6%
Oct
33
/
95
Dec
147/b Feb
/
J
51
■
Dec
76% Dec
V!
9
3
80
:i
NOV
111
52%
13%
Apr
Apr
Jan
108 :L Jan
9%
Sep
30%
20
31%
Oct
78%
24f
66%
Sep
78
11
35
NOV
40% May
4
16 vb Sep
12
a72 Dec
Jan
Jan
May
30
16
Hanna
Harbison-Walk
Refrac
Hart,
Schaffner
1,500
Hat Corp
26
2o'/2
300
42
1,300
>
98
20
Hayes
&
15
Oct
2
19
Jan
22
17%
Oct
87% Dec
31
112
Feb
4
Oct
119
102 % Dec
29
108% Sep
27% Dec
12
103,
105%
Jan
109%
2
20%
Sep
160
Jan
27
151%
Nov
39% Jan
6
10% Feb
3
8
Oct
16%
7
99
Sep
106%
Jan
8
8
Nov
20%
Apr
5%
Nov
15%
Jan
Hecnt
Co
3%%
.(!
Glass Co
common
J)
cum
Co
1
100
common
preferred
19 %
5
—15
—100
Apr 17
148% Oct
30
89
6% May 19
75% Dec
26
May 19
4% May 19
25
*.2
90
25
35
—100
X95
Dec
27
Jan
19% Feb
■
28 % May 19
6
"1—2
preferred
(H
3 6541
10
Marx
(lOVD
IQf
•Hazel-Atlas
Heinz
30
Dec
—100
of Amer class A—
preferred
Industries Inc
S
2,300
Jun
13
_No par
com.
-
4Va%
1,700
23
14
100
preferred
(M A) Co $4.25 pfd_ _No par
1,200
Va
32% Dec
.5
.No par
com—
conv
For footnotes see page 24
Watch
preferred
n
42
-
(W F)
6%
'.I
42
98
Water
,2
00
41%
.
v*"
7Vb
8
Hackensack
80
8Va
100
340
."'
150
*75%,
Va
'.
104'/?
30
>6%
80
•
89 ;
•
25
*148%
29%
•
/
*102%
150
*75 %
8'a
—■.
34%' 1
'*14%/ *15% *
.13%
14%-,:.';
25%
7
■■
2o
tor
25
80
*75v4
8%
103
*102%
•
.'*33
15
>102%
'
•
10
14 V?
89%
13%
*89%
7%
26%
39%
62
H
33
8
25%
9
Apr
Apr
182
h
Deo
2
preferred
Grayson-Robinson Stores
6,600-
33%
'•
14%
13%
13%
*75%
Oct
-
12
fa
33
30
33%
16% Jan
5
May 19
22 /
Grant
110
48
;
14 Va
14%
150
':
14
15
90
30
.:
75%
34
•148%
6%
75Va.
14%
14
25
30%
75%
3
24%
150
75
U
102%
25
88
14%
48%
40%
Oct
3
Apr
Apr
90% Aug
47% Aug
\
Sep
Oct
4% Feb
25
Granite
19,400
>
93 %■
32%
7/,
>7
*47%
27%
156
35% Jan
"$4.50 preferred
—
No par
y
Glidden Co (The) com ne-W—No par
4%% conv preferred
50
>
30
4,100
r
•
31%>
16
*92
%
13%
28%
16%
Dec
31
.
com. _No par
uranoy Con^ol M S &
Grand Union Co.:
1,600
73
>
11%
/
48%
Apr
Apr
200
•
Sep
26
Dec
Greyhound
11%
8%
74%
X35%
20% Dec
•
6
Nov
Graham-Paige
2,600
142
*31
93%
Nov
11
16
85
Gotham
500
2,500
r
:
13
*15%
11%
Deo
13
'
81
$5
1,000
21%
15%
93%
xl70
9
26% Dec
preferred
No
Goodyear Tire & Rub com—No
20,500
42%
31
11%
1
1974 Jan
,
May 27
101 % Apr 19
20
$5
100
21%
73
32
S
>"
40%
/■
93%
Apr
14%
!
26
_No pai
Corp
,
100
Gold
900
15%
31
Dec
71%
■"'
500
10%
*12%
/'/v
140
/
July
107'/e Sep
—100
Goebel
8,300
92 % >
*9%
.
31
13%
8%
*97
*136
May
21% July
109
65% Feb
preferred
Goodrich
■';..
19%
92%
«
1,100
*29 %
21 Vb
135
—
Rubber Co
4,600
25%
/
41V4
20%
pfd
Corp
Goodall-Sanford
34
*25 VB
•, -
.>./■/-/.
r;:
40%
20%
Sep
24
Dec
-
203
...
19%
28 'A
39%
20
6
-
*32
f
13
10%
i l
X122
preferred
$5
30
5%
>r 6
25%
92%
*66
90
;r
8%
♦26
23%
12%
$6
2,800
19%
5%
*66
15
103%
7%
25' :.:.
19
13
Sep
54% July 11 1
4%%
Gimbel;
200
.
43%
15%
*32%
92
80
DAY
33%
28 V*
Z,
-1
Gillette Safety Razor
2,900
101%
♦18%
73
13%
'..13% ; 13%
j t
6%
43%
♦99
31
74%
137, 8
*8%
18%
13%
34
*75%
*32%
19
47%
; 15
*29%
419 // 19% ;>/
33
134
3
*148%
NEW YEAR'S
39%
3*
24%
CLOSED
99%
15%
89%
13 % ' > 137/a
••♦47/"' 48
;1103 %
43%
98%
30%
6%
92
•.
43 VB
29
&
19
125
_No par
•■:
14,300
"
55%
100
73
30%
<,90.
%
19%
!
r
23%
100
15'/a
11%
/ *92
*32%
EXCHANGE'
v>/
"
115
56
31
93%
*14%
100%
9%
57/b
2J%
99%
10%
53%
115
STOCK
43
10%
27
53%
23%
57
99%
*90
84
25%
•
31
rl5Va
31%
-13% '
•
48
131 % Feb
3 % %
200
•
*19%
12%
13
20%
31
/'75%.
IOOV2
28 vb
135
*92
'j
99
17
13%
May
26
129
lV/a Dec
f
10c
preferred
NEW
9,100
5%
'
114
23%
•56%
5
Utilities
lnstr
■
20,800
21%
5%
114
23 %
Deo
30
13% Dec
com— _No par
Corp
Cast
Time
//:>•
Shares
95 Vb
i
'
•
53 V2 .•/■•
55%
33
25%
>
the Week
36%
*66
*31
*15%
1
5%
"
104
29
Dec
;f2% May
100
Telephone
Sales for
84
25%
*18%
29
12%
135
92
5%
r99
Steel
Gen Tire
■
—
&
Shoe
4%%
'
70
>
.
21-
89 i
5% / ■;/■>/
20
*71/8
*52%
*84
5%
*134
•
25%
53%
6%
28
13
J/'ll%
25%
*5%
1
.'
85
5%
92 v2
60
5,100
*92%
5% \>
10%
/
/:
89
Jan,;2.'.>/-
■',-•»■;/•"'/
'•>•
5%
24%
>
i per than
93%
5%
*90
11
,//:
-
72
34
5%
19
99 /
23
-,
Friday-
8 per than
21%
Nov
9
stocks
5%
33
'
Gen
1
Corp
Signal
Refractories
General
1,000
Jan. 1
20%
119
Utilities
Realty
General
Gen
Thursday
43
,
Gen
800
,
23'A
*ao
93 3,8
211/4
85
55 vb '
44%
*
3,300 '
4,500
•
Co
preferred
ueneiai
36%
23
-
Public
4,100
*67
share
per
15
31
20;
16% Mar
May 19
13% May 20
18 Va Oct 20
par
—
Railway
6%
t
Cement
94.
uquip Corp..._No par
Service—;
_10c
Gen
;
_No par !
common-_No
Portland
,Gen
10
'•
20%
*114
f
100%
19
com—
series
Adv
PRICES
35
95
/;/
267/8
2i%
Dec. 31
f
35%
General
500
/
30%
*95
.
5%
92%
39%
33%
5%
119
*33%
Corp
$3.75
Outdoor
ido
■
5%
33%
19%
120% Dec
Motors
preferred
Gen
30,300
,;v"
21 Va..
;;
*23
Wednesday
24%
5%
19%
12%
8ALE
*52%
99%
*29 vb
HIGH
share
per
*92%
:
'/
»
19
24%
J
-'//
!
*98
11
'
fj
93 v2
19%
*90
/■!
Dec. 30
share
100%
*32%
AND
Tuesday
<98%
*18%
-No'par
67% May
45% Jan
3
"26%
72
/■-/''
*19%
6
51% Jan
123'A
.
89
*98
6
—10
17
Dee
Oct
Dec
Jan
Dec
Jan
103
26
Preferred
800
5 Va
*29%
28
99%
*5%
*95
*84 %
56%
.
24%
128 Va
...
85
43 Va
Dec
\
7%
Apr
Jan
38
39% Feb
31
100
123%
22% :
99
,,/
22%
27
23
44
*24%
27
27
4
Sep
83% July 16
47% Feb 13
29
100
$5
.
1,700
.: /
J>/,'';>
12%
•:
•12%
■.
.•
122%
26%
27%
;.i
_
>//
20.
8
18% Jan
14% Feb
29
General
'
1,000
96
•
♦125%
5
,
'Js'
27%
122
83
22%
57/a
27%
/•
25%
>
31,800
-.,v
i2iv? />:>.
96
;r
/
5Vb
29%
/
95
55
43
121
127'A
4%
.»j
20
123
95
56%
*98
,;
28%
30
122
27%
22%
68
24%
i
29%
185
30
Dec
*
2
*126
'
5
95
*114
58'A
/ 57%
'X-.,yyyfi
■
*27%
•';•■:
,:f/
56%
»'
127
■•■'.'■4%
.
28
22%
V
■
>
1
(f:
22% >'■22%
26
Sep
7
43
Public
127
Nov
17
7
8
10% Dec
-1
Precision
23'A
14%
Feb
123
Gen
23
5%
,•
3
24
Jan
100
Gen
22%
<
7 200
16% May
11% Jan
21
33
No par
Jun
July
'
"
•
227/s
52
101 Va
Corp
27% May
48
112
Oct
160
common
•
Sep
Sep
13% Feb
•
a
preferred
3%% conv preferred
'
NOV
18%
12
Dec
NOV
10%
Jan
2
58% Oct
May 19
87
16
99
23
29
34% Dec
*
No par
Instrument
Mills
32
No par
com
Sep
Dec
-mmm-
■
28% Jan
8l
Jmn
M%
17
Jan
102
16
23% Dec
"137
5%
1,000
24% -•"24%
«•
52%
5%
General
8,40o
5 !
>*84
General
20
2,400
20%
'
20%
88
-*84%
Corp
preferred
3
33
.
1,100
2,100
Co
2
16
May 19
Apr 28
37
No par
Foods
$3.50
16
Dec. 29
95
General
900
*27/b
Monday
33
000
13,700
*15%
"
per
Electric
lo'/2
15%
16V4
3 ;".■■' ,,'/ 2% J. '3 : >-//>, ■■■/ ,:://////■■/://
12
12 VB
12 >A
1
%;;
2'/b
12 VB
,
.
89
S
General
47 Va
71
100
—
37,200
.11 Va
par
100
l;
18
23% Dec
16
8
20% sap
46% Sep
109
31
11% Jun
mm
49%
28
8«P
97/b Feb
31,
149% Dec
preferred
50
Cigar Co Inc com—No par
15 VB
:;■>
26
>J
Dec
9% Oct
Corp com__—No
preferred
21
*72
thare
per
7%
*20 %
LOW
I
7
20%
29
fl&tnrday
xlOl
2nd
20%
25
!
par
Sep
43 V4 Feb
17
-5
preferred
20%
:
*85
80
conv
General
50
7.
1st
4%
20'A
95
89
4%
;
15%
121
;>•'■
25%
X
1;020 •"
77 400
7 600
*14%
29
.
I Apr
Bronze Corp
Cable
15
3
'
48
Jun
ai%
23% May
100
Apr
22 % Dec
25
——No par
preferred
95
127%
.*22%
-$8
General
14%
12%
!'/ 27
,
Nov
29
'
17% Feb
10% May 19
MOO
5
General
94 ■;!.
121
'/
v
Jan
Jan
10% Oct
4
^5
No
A——
2,500
14%//.
15%
*27%
>/;::.
pfd series
General Baking
95
5
.29%
$4.25
22
Jan
Apr
20% Jun
25%
50% Feb 10
Jun
>
19% NOV
6
21
14% May 21
>
•
'
1$
4% July 22
100
71
22
17% Feb
,
17
26% Aug
Investors ,com_i.l
——
AWr Transportation
General
14%
Z
23%
120
American
$4.50 preferred
94 %
20
*126
com——1
50
common—1.66%
Container
General
;'
60
121
*97%
121%
'
120
Gaylord
200
Inc
preferred
37'A
47%
58%
*121
Industries
conv
88 Va
.
♦10%
■m
Wood
4%%
35%
*117
101 Va
57%
121 VB
"
5
500
15
•
12
24%
127%
'
107/a
47%
121
*97 Vb
57%
120%
14% May
Co
3,300
•
140 V,:
35%
.
6
67
12% Oct
<
101% Max 10
12
No par
94%
...
3
10%
47.
102%
57
122
15 VB
/>/:
12%
*126
/""5
*97%
35%
*117
8Vs Dec
18% Jun
20
'
46%
118:
/
20% Got
11% Jan
17:
13
39
.
30
Gardner-Denver
'3.200
■
*
5% May 17
—1
com
Aug 28
26% Jan
.:
-
Sep
26% Jan
4
Dec
16%
32 V2 Dec
■
29% Jul j
Got
-Sep
8
24
Apr
109% Jan
70% May
-
Cot
$4% Jan
7
110
July 24
\
12% May 24
200
24
*137
36
19%
3
12 Vb
:
94
/?> 15-"
14%
24
..'
88%
57%
121%
95 >/
•
14%*
24%
138 Va
87
121
—-1
common
(Robert)
25%
106
33 %
15% Feb
•/"•
83%
Nov
8
40% Dec
.
12 •;
No par
Gar
77
357/a
,47%
(The)
77
'
39 Va
87
100
56%
:
77
*37
34%
*117
Inc
>
11%
78
Dec
preferred
Gamewell Co (The)
;
11%
11
V. 47
Co
,2
11
87
>
91
160
6%
■
9,200
10%
11%
10%
100
Gabriel
1,300
11 %
35
turn preferred
1
17% Jan
•.
13
18% Dec
:
■
'
11%
24
14% Jan
1
16
41% Jan
vy
•.
9
May 17
69% May 17
300
155
87
123/. 123
.
.10%
*147
34%
48
; • 46%
-
10%
151
18
600.
101 Va
♦100%
11
124
57%
101
138%
Dec
May 29
i
105% Dec;
52
« NOV
•
15
.
12% May 20
36%. May 19
11 % No v 21
common
3
25
•
23% May 23
4%
100
,
58
,
35
101%
122
58
35%
124
57%
58 '/a
87
.
6
30
22%
34 VB
*98
*121
/
35 VB
11 •:
*47% ■48%
57/a.
♦29 JA
34'/a
34%
*11
V
*37% '39
138
13
„
25
Trailer Co
7
2a
39% Oct
:
^
'
18
<
'
,
10
34% Mar
70
Feb
Nov
110% Feb
'
.
May 19
No par
Gair Co
217/B
Dec
30
100
common.
Sugar Co—
1,600
14%
May 19
•
99
1
prior preferred—;
5,000
8%
24
.10
pfd_^
conv
Oct
51
Feb
21 V« Jan
No par
t par than
Sep,
.49
21
.
14% May 27
19% May 17
•>
4,900
78
19%
2u
61
No par ;•
Fruehauf
8,000
24%
138
9 Va
•20%
13%
,
4:
69.% Fed
Sep
Frd^port: Sulphur Co.
10
proedtert Grain & Malting Colnc.l
.
620
>
23
11%
37%
24%
137
34 V8
...
37%
:
*
..
cum
Franoifeco
v
300
-
104
10
16,800:
101 Va
76% ;/77Va
40
/
13%
11
I per than
10
26 % Jan
s
46% May 27
42% Jun
5
No par
Stores_^^
Carpet Co___
foster-Wheeler Corp
.-.•
i,2oo
.,
*100%
-11%
26% Feb
107% Aug
62% Dec
Machinery Corp—j—
6%
2,100
13%
10 VB'
Highest
t per share
29
20% May 20
•
Power
3V*%
.
220
.
,:
23%
11%
12
*37%
>.
8%
6
149%
11%
78
9%
x>
Food
;
y.
24 / •-.
79%-:-
-'
79
29%
>
Dec
>
16
51% May 20
Corp—
7%
Florsheim -Shoe class A-——No
par
Follansbee Steel Corp10
7:
810
,
13%
58
20
(The) common—No par
preferred.—
No par
Florida
1,000. '
22%
152
11
39
9%
xlOl
11%
78
;
(The>
$4
i.ioo;.
100%- 100%
'
*37
23%
>
*21.
10% :
152
;•
.
•-
21%
,
102
7. 10'/a
10%
153
,
...
DAY
9 f
29%
•22%
; 13% f
13%
102
CI/wed
■r
13%
•
5 V
Florence Stove Cd_
7.600
...
,7 42% .42% >
J\ 7*12,v.l3 .«/•
NEW YEAR'S
'
National
%
,'• ■•
>
>..•
20
5%
29'A
• - Par
Co
3,900 > pood Fair Stores Inc—
>*25% .:25%■44% --14'/a !
■}
•
X21%
100% 100'A
58 ' 7 >58
v
58
*100
10%
*152
13%
*100
102%
10
21
13%
13%
58
'
30 %
*19%
7*13%
5%
29
21'A
Fllrat
*,700\i
,
7-
91%
13%
21%
'7-5%
29%
20%
101
*57%
57/B
*29
9 V«
8%
*l9Va
14
21%
••
"EXCHANGE'
12
8%
•'•-7/v''7
Tarrant Mfg
Enamel
Flintkote Co
.30
300
/
;
82 y>
.30%
V
STOCK
79
1m,8
*
*13%
21%
5%
29%
*20%
*100
14
'•
8%
8%
:
;10%.>
91%
■24%
78
A
Firth
1.600
"f-'.v
7/
102
*30
i'
42 >A
23%.
'
'7
ivioo
37 Vs -J
,
'// /10%.
!
13 %<
.v
•
■'/;;/-*21%i--.22Va-/
'7 /73f% :738%-'■
25%.
12
23'A
78%
•
7
'
8%
r
,
'42
•
Year 1946
Lowest
itignesi
I per than
,
34%. :34%
^
•/,/ *.''.13%-.
13% 7: y;
30%
V?
13 Vs
12
-
77
87/B
*13%
22
5% /.
."'12
/•: 22%
'
A 37%
7/102
;
51%
30%
41% >41%
.
'
.
20
*19%
14
*21
.
•12'
8%
20
'
14
Luwe»fc-
- 500
Corp_w_
1
.800 ■■■•",. Fidelity Phen Fire Ins N Y-___„10
V'- > 5,700;
Firestone Tire & Rubber com-___25 <
/'(•'•I. jlOO.v" 7
preferred_^._^
100
Vvj»
*xf >i
10%
91%
Pelt
> Ferro
,",-*i6:i/4,7;i7'-,';>. />•-. i,2O0:;
81%
•25
Range for Previous
Range for Year 1947
EXCHANGE
:-v ',7,;7/7,
1,400
»103V;7104Va r
58"/;; -'58 •/.-
,
,>
38%
io y4
-
;.
/>•?
22%
37%
25%
13%
.13%
8% V 8%
8%
*19%
41 Va
•
.
-50
•
16% f /
81%<
30'A
.
r25 Va
14%
■■"<. 58
*21%
.80%
*•
93
91%
30
Va/.
13%;" 13%
'
22%
38%
;37Va
.
25 Va
•13%
.
.
42%
*79
NEW YORK STOCK
,
•
■■•.'.
13%,'
■
"
•/
V
V,
17
v
'
^Mksret
20%
r
*'"'37 '"■'., 37Va>/.
402 7-102.
'.'*34%-/35 7;
v
7-10% -10'A/
30
25%
14%
■
> -93
29%
•
...
!13%
80
.
104
.16% :
37-/.;
102.
*21%
10%
'
80
25%
*41
l
,
/;>
*21%.'" -22j ;
;-*u:; >..57 v./
"r
• -'
•
A
a
«■'•
•
.
'34'%.-•■
*100%
■
'58
16 %"
.''34%
;
23
V10
•
93
31%
*13%
RECORD
tha Waak
•■./
>
.
9*t than
20%
'/a .-
57 ••'
104%
-58%
9 per than
'
20%
'
37
4 ;:•
34%
37%. /38%
38%
le;
eiv?
92%
Jan. %
7 50%
x50
104%:
16%
,
13% '
■'.*21%
*25%
Saiss far .7
7
Friday
Jan;. 1
* 21
57
•Gl
*57-
•-/
21%
•
56 %
49%
>
37 Va ?
102
•;
13%!> >;,!M3%
*30%
.
■:-'••!
Thursday
,
Dec. 31
V..:20%7
20%
* 1C4
16%.,:'
-
,34%.
"lit'
.38-
;
..
.
(57)
STOCKS,
'•>$ per than
21%
V55%,
r
.
56'%., 57%;:.
,♦100%
•
% -<.34%
20
*
49%
.'••16%;
than
21%
104%'
.-■■
•
37 •!.
102
*100%
49
*104
,V
-16%"-:■■
•
■'
7
21V4
,lx56% .56%
49.%
.16%
:
?l%
104% 'I/:
-57%
."
*56%
-
V
STOCK
PRICES
Wednesday
'
per
20%'.
.20
56%
49
i
.::1
21 %
,,56'A
•'
.
Dec. 30
t per short'.
y
20%
*163'A
SALE
CHRONICLE
>
9 per share
*21
HIGH
Tuesday
v"
Dec. 29
AND
FINANCIAL
YORK
NEW
LOW
&
/
100% Apr,
12
Feb
9% Oct 24
35% Jan
8
30% Jan
2
14
May 16
103% Apr
42% Feb
Dec
108
may 2.x
Dec
5
11
13
July 14
33
29%
28%
101
41%
103
Nov
Oct
Nov
Nov
Dec
Dec
24
26%
Aug
Jan
Apr
Apr
34% May
170
Aug
60% May
Jan
36
Dec
51
May
109% Mar
44
Dec
105% Dec
'
18
(58)
COMMERCIAL & FINANCIAL CHRONICLE
THE
r j
NEW
LOW
Saturday
53%
Dec. 89
I pet thare
50
50
144%
*16%
*140
16%
52
17
53%
50
*118
*26 %
13%
30
*119
51%
127
30
120
27
*27
126
28
52%
51%
I per share
*119
1
*51
•
;
V,
:
•
900
119%
273/4
273/4
400
143/4
14 %
30
143/8
30
12,500
30
25%
25%
*24%
2534
25%
25%
25%
25 %
500
25%
16%
25%
253/4
25%
253/4
253/4
500
ri5%
15%
25%
15%
15%
15
15
300
16%
*15%
'/ PaT
'/
68
18
165
300
50
Sep
Dec
30
29% Dec
10
118
20
TnC—5
Hewitt-Robins
Hilton Hotels
Oct
—
Sep
5
130
Jan
139
Apr
Sep 25
Sep
5
123
Nov
146%
Jan
134
5
11
4
31
X29 Vk Nov
12
21%
Sep
Jan
22% Apr
17
213/4 May 20
4
22%
Oct
18
Dec
4t
17
2a
22
Sep
3i
13
34% Sep
6C
Jan
Dec
31
13% May
in
4J
V* pea
1
12%
Oct
28 k
Feb(
NOV
52%
Sep
99% Deo
111%
1,800
38%
38%
4,200
Hdmestpke Mining.-————12.50
May 19
35% Jan 23
20
38%
35
36
35%
35%
1,200
Hooker Electrochemical Co__
30
17
16%
17
163/4
17%
*17
17%
2,100
*45
46%
Houdaille-Hershey com
No par
$2.25
preferred—50
1,000
Household
33%
89
89
*45
47%
*45
47%
34%
33%
*33%
34%
34%
343/8
x87%
87%
88
88
86%
89
41%
*40%
42
41
41%
41%:
41%
42
42
26%
27%
26%
27%
27%
273/e
20%
20%
21
21
21
273/4
21%
27%
21
27%
21%
♦21%
22%
34
34
34%
34%
34%
35
35%
35%
353/4
SB3/,
*4%
4%
10%
37
4%
4%
4%
4%
4%
4%
1,000
1,000
37%
300
20
20%
13,000
173/4
l73/4
4%
4%
*40%
27%
*9%,
*36
*9
*36
20%
20%
17%
4%
34%
34%
30
30%
62
62
10%
21%
14%
14%
49%
20%
17%
17%
43/8
4%
34%
34V4
34%
35
35%
31%
321/4
31%
63%
64%
65
32%
67 t,/"/.
33%:}
30
293/4
62%
63
*95%
34
98
31%, :
'63
*95%
98
*14%
49%
49Vs
493/4
162
50
*49%
50
126%
*126%
129
162
126%
*150
♦150
162
16%
16%
16% "
16%
17
litfes
100
93
series A_______1000
6%
6%
6%
16%:
6%
43%
43%
42%
102
3%
lOOVi
3%
13%
13%
6%
43
100 %
*101
236
102
3%
3V4
■M/7 13%
141/8
87%
87
164%
163
6%
32%
33%
240
164 %
6%
?
88V4
163%
88%
40%
8,400
3%
3%
i
7% Feb
97
2,600
Inspiration Corisol Copper—
7%
i;2oo
45 y*
-400
3%
2,600
5,100
Interlake Iron
891/4
240
89%
163
120
Int'l
6%
•
33
.78
26%
26%
26%
765/a
3%
*135%
137%
*72
Int'l
Harvester
164%
340
6%
11,300
33 y4
1,800
136
6 3/8
33%
33
76%
.v<
♦75
4
3%
26% >26%
136
6%
33
3%
26%
137%
6%
33 %
*74%
3%:
*135%
6%
*3s/8
27
26%
*135%
80
100% Dec
3
4
'
3,400
27
26%
137%
']://•/
135
23,400
135%
533/4
8,600
—
Dec
i
95
<
76 /
96
3 Vi Dec
com—No par
5
25% Dec
—100
Jan
53A Feb
Jun
Feb
113/4 May
May
112
May:
13%
"
'
Feb
20% Feb.
Jun
Nov
102
Jun
1753/4 Dec
202
Apr
Jan
66 y*
15%
6% Oct
.
Apr
27
Sep
45
Dec
101
1
Aug
113/4
8
28 Ys
Oct
Feb
Feb
148
Aug
133
Feb
42%
4% Oct
8
,
Jun
90%
,
137% Dec 19
9
Aug
44%
250
29
36% Feb
4
130% July
Jun
190
Aug
195
11
34% Oct 22
Jan
151%
22%
105
Jan
May
22% Jan
54
Jun
5% Dec
'10% Oct
12
10% Feb
24
36
59
July 14
186% Jun
Dec
16%
*
13% Sep
7% Sep
*
13
*
35% Nov
11
26
Apr
373/4
Oct
8
9
6. • May 19
22% May 19
Jan
99%
33% Sep
Feb
Apr
Jan
85
168% Mar
15 y$ July 24
246
Nov 20
29
—
Preferred
36
116
.
Mar 21
7
45%
Sep
Sep
18
Jan
108
29
163
—100
Int'l Nickel of Canada
11%
Jun
44 %
*
Jun^
10%
Sep.
22
8yB Feb
May 19
192 Vt Apr
70.
Jan
preferred
—_100
International Mining. Corp__:
l
220
23
17% Nov 26
9% May 19
Int'l Hydro-Electric Sys class A__25
Int'l Mining & Chem common—^^5
4#r
50
V
common-—No par
Preferred (;
Apr 19
49%
•
Hep
Oct 21
42
34% Mar
<
Sep
14% Oct
6% Oct
136% 6ct 21
12% May 19
6% Sep 30
35% May 17
Business Machine—___No par
5,500
89%
164
33
No par
500
•:: .:./
Dec
Oct
July 17
50
Sep
45% May
87
31
25 7
180% Feb
18
25
18% Oct
41Oct
-
•
'
20
14%
102
240
Dec
Jan
Jan
Deo
si%
1
31
17
May 27
169
Insuranshares Ctfs Inc——
1
Interchemical Corp com—i—No par
4% % preferred—
_loo
Intercontinental Rubber—No par
3%
14
July,
60% Feb
12%
14%
11% Dec 31
30 Vb Jan
*47
25% Oct
■i 5% Sep
Aug 22
26% Dec
Jun,
Apr
Oct
11%
5
39% Aur
30
33
2
64% Dec 31
21
107
5
3
Jan
32rA Dec
X35% May 20
—
17%
14
240
163
400
'
*74
Jan
12% Jan
Ingersoll-Rand common—
No par
6% preferred
—100;
Inland Steel Co_—aaNo par
102
3Va
240
600
,
45%
13 '/a
240
'
17
45
*43%
3%
6%
78
•
Jan 16
,i;7%-May lw
X21- ; Dec 130
S A—
Industrial Rayon—_31
*63/4
6%
13 %
v
164%
32%
(.30
i / 15
4%
RR stock ctfs
393/4
17%
7%
3%
Leased
10
380
5
.
May.19.
10 y* May 19
37V2 May 21
•:
Industrie. Electricar De Mex,
*6%
32%
1
common—100 preferred series A—100r
6%
14% Oct
24 Ya Oct
30% Oct
43% Feb
3
21% Oct 15
30
20
Illinois Central RR Co
1,000
1,000
16%
*76%
Idaho Power Co
1
:
14%
40 3/a
87-
1,400
Corp
14%
40
87%
Hupp
14%
40 3%
6%
9,100
15% May 23...
33/4 May 20
May 14
12% May 19
6.66%
Inc
22
40
*163
Hunt Foods
213/4
40%
236
3,900
32,700
Feb
Apr
35Vi. Jun
*
22
13% Mar
33
211/4
40%
87%
29
7% May 16
100
Illinois .TerriinaJ RRr. Co.^
,--—5,
Indianapolis Power & Light—No par '
40%
*233
28% Dec
29
Hudson Bay Min & Sm Ltd—No par
Hudson Motor Car
No par
7,600
3,100
*49%
125
100%
20% Dec
3
45% Jun 30
7% Feb 28
14%
14%
125
-
preferred—
non-cum
105% Sep
38% Mar 28
21V4
c:
21%
*150
3%
19
Dec
163/4 Jan 16
May 19
11%
14%
x21
125
13%
236
85
37%; May 21
% May ly
11%
'21%
165
103%
27
3
.IIV4
21%
*124
*3%
46
6
31
10%
;10%
*160
*13%
21
Oct
100
:
10%
126%
*102
5%
common
27%
10%
167
45
Feb
36
'
*162
*43%
66
11
5
Hudson & Manhattan
96%
26
*124
40
98'
22
——1
Corp
Howe Sound Co—
96%
25%
•49%
DAY
Howard Stores
-
Dec
44
-.100
—
♦26%
25
•14%
49%
43/a
preferred—.
Jan
48
28% Jan
Houston Light & Power_^—jNO par
Oil of Texas vtc—_^_25
26%
25
10%
r
*363/4
21, CLOSED
"
17% NEW YEAR'S
*95 %
25
10%
21%
21
■
EXCHANGE
37
—5
Houston
100
*y
37
29%
25
-900
-
36%
33%
98
STOCK
600
5,100
4%
17%*
4%
25
9%
.
~
17%
21
17%
*60%
9%
33/4%
220
92
20%
20%
;• 4%
*95%
93%
36 %
37
4%
4%
*9
9%
*17%
,
-4%
.
*89
——10
com—No par
Finance
Jun
Jun
18%
38%
35
47%
Apr
37%
36
17%
38%
*33
May
41%
28
17%
38%
35
*45
x43
'
Nov
17%
38%
34
;; 39% May
tidiiy
% May
35%
*45
Oct
Nov
26
?oy«oct 20
17%
*33%
22
2
14 y« May 28
35%
16%
17%
47%
72y4 Apt
143/4 t>ec
Dec
33
38%
*17
46% Sep
29% Jan
18%
Holly Sugar Corp—
Jan
Mat 21
36
*18
Jan
Aug
38%
Feb
38%
18
90
192
"
17% Nov
38
18%
17%
Oct
.
169% Dee
,63
38%
*35%
$ per share
134
23
Jun
26
61 i
Jan 22
8
.
29
10% Jun
Corpi—5
Paper Co
10
Hiret Co (C E) Xhe___T——1
Holland Furnace < Delw*-5
Hollander & Sons (A)—
—___.5
Hinde & Dftuch
29
Jan
Highest
t per share
22% Feb
9
126
Lowest
$ per share
26
—No par
preferred
conv
share
14% May 17
.
Year 1946
Highest
■
49% Nov
.
preferred—-—100
5%
'
140% Dec
common---———25
preferred_-T_l—-100
non-cum-
Hershey Chocolate com___—-No par
10
119%
28.
*15%
$ per
Powder common—No par
13%
25%
•
Hercules
500
30
25%
(G W)
7%'
30
31
14
*24%
Helme
V'i
2,100
128%
30
*24 %
'■/
Motors——-—~No par
13%
14%
Range for Year 1947
Lowest;
Herculea
*29%
*29
"
900
30
13%
30
Range for Previous
■
EXCHANGE
;
1,500
25%
13%
*29%
'
-stocks
■■■
NEW YORK STOCK
53%
52%
v/v'r.-.'-r;
foP
Shades
Monday, January 5, 1948
v..
17
*30
: 1
..
51%
17
*126
119%.
.
..
RECORD
the Week
-
142%
142%
30%
-
"'•'28
28
J per share
128
30
28
Jan. 2
523/4
*126
29%
120%
*119
50%
144%
17%
16%
126
29%
;
49%
*141
17
Sales
Friday
Jan. 1
t per share
51
STOCK
■
Thursday
Dec. 31
144%
16%
53
*126
32
'
50
*141
16%
120
*30%
'
YORK
PRICES
Wednesday
f per share
144 %
127
*124
SALS
Tuesday
Dec. 29
i per share
*140
HIGH
Monday
Dec. 27
*49
AND
.
!
Dec
vi
'
.
-
54
54%
*93 j
54%
95
*93
10%
*105
105%
10%
,
105
55
533/4
55
*93
95
10%
95
10 %
105
104%
53%
53%
*53
54%
44%
44%
44
44%
44
*56
58%
56%
57
55%
*31%
34
*31%
34
IOW
104%
12%
*12%
20%
*24%
*62%
*140
12%
12%
20%
25%
64%
147
12%
*533/4
9%
84%
*43%
45
34
./
12%
*24%
25%
65%
*24%
25%
*24%
25%
65
*63
65
25%
*24%
65
65
*65 '
*140
147
*137%
Monday
9%
*19%
83%
44
>107%
*27%
*98
16%
*87
38%
145
AND HIGH
Tuesday
1
65
9%'
Dec. 31
93/8
9%
*19%
20
*82
83
82%
43%
44
*108
110
28%
*98
151
*147%
33%
33%
88
*86
/
44
41
110
*146
88
74
I
*26%
151
EXCHANGE
*86 %
88
39%
38%
393/8
39%
393/4
16%
16%
163/4
16%
46
*99
1,500
4,800
114
12
18
116
Feb
20
23
■lOiy* Sep
52 7/b Sep
583/4 Feb
"19'
parr
Apr
40 "
Feb
Dee
42% Aug
273/4 Oct
31%
Feb.; * '
313/4
Feb
23%
50
•
-
4
Aug
♦146
NEW YORK
-
v./
STOCK
Lowest
<F.I) JCo
6% Jun
1
—
Machine .Co. common—No
14M
1
Deo
163
Joliet
151
33%
33%
88
88
DAY
40
40%
2,800
17%
2,100
6,700
preferredl—100
5%
104% Sep
Jun
.
145
DSc
A_—___,100
86% Dec
2
16
111
Sep
153
Apr
109
May
115%
Fib
140
Mar
150
34% July 28
112 / Jan
11
151
Dec
20
39
Feb
8
101% Feb
18
>
Feb
53%
>31% Nov
Feb
108
May
18% Oot
34
Apr
22% Feb 10
3
Sep
40% Oct 20
27
2dva Jan
Joy Manufacturing Co_——1
Jan
July
59% May
45% NOV
2
125% Oct
8
27% May 17
24%
108
Deo
16
V
10
100
4
46% Oct
11
Dec
Jan
53
29
98
I per share
24% July 28
2
>
Highest:/'';'
perthare
g% Deo
13% Feb 14
'
104% Feb
108% Dec
24% Sep
:
A-—-ldO^
& Chicago Rfl stamped—100
2hd. preferred Series
preference series
lo
17
37
f
t per share
/
17
Jones & Laughlin SteeL.com—No-par
.200
Jun
Year 194A
/ Lowest ?
;
-'
393/4 May 20
89
Dec 31
Johnson & Johnson common—12ya
4%
r
I).
50
.
Highest
.
19% Dec
No par
:
*
•
'80 3/4 Dec
par
cumulative' preferred—_100
Johns Manville Corp com
■
$ per share-
Jersey Ceht Pwr>& Lt 4% pfd__100:.
Jewel Tea Go Inc;' comri.^—iNo par
3'/a%
Apr
34% July
AUg
Dec
llange for Year 1047
EXCHANGE
400
;
Dec
39%
Range for Previous
Par
Jacobs
:
20% Deo
3
693/4 Nov 25
158
'
; j
f
143/4 Nov
14% Nov
11
14
:f!
Jan
60% Aug
37
11
V«h
70% July
49%
39% Nov
11
17% Feb
July :;
125
Oct
36
7
17.3/4 Feb
May 17
38'A May 20
143% Jan
2
—.
5
Dec
633/4 Oct 28
20
par
common— .—1
;
5
45
2
9% May 17
9% May 17
"
par
Aug
26% May ,i
11% NOV
31
par.
200
26%
v 102
CLOSED
NEW YEAR'S
17%
:
40
v
41%
*1103/4
STOCK
34%
Coal
25r
113
95% Oct
107 Vt Sep
Feb
16
Dec
40% May 19
32
Jun 26
'
180
92
41
263/4
10<J
333/4
33%
CreCk
Jaeger
85
*44%
'
3,200
20
>■
*88%
72
111%
26%
151
Island
Snares
93/4
9%
89
*98
_.
Hales for
*83
44 V4
273/4
Telejj 8c Telega. .No
No
Foreign f SharectfsZl_—_
Interstate Bept '* Stores--— .No
Intertype Corpi2a—r—La-Z__ No
the Week
*19
RQ
102
300
— —
International,
$6 preferred.—
9 per share
82%
40%
110
27
102
1,300
-
Jan. 2
-9 per share
20
90
40
3,*00
Friday
Thursday
Jan. 1
40 %
*85
46,200
25
55%
Sep
38%
22
463/4 Apr
37% Jan
par
common.
593/8 Oct
May 19
9
>
104-
.No par
Shoe_
International Silver
383/4 Mar 19
94 Vi Dec 26
STOCKS
9%
*19%
83%
44
International
144
*137%
9 per share
20
r-
International.Sait/^——. .No
FBICE9
Wednesday
Dec. 30
I per share
9%
145
*137Ve
BALE
12%
Paper Co com. .—15
.*■
$4 preferred^.
_a„. .No par.
Int'l -Rys: of Cent Amer com_: .No par
7; 6% preferredi._i._a—a—. —1100
!%-: preferred——1_„
12%
125/8
International
,
21
33%
16 %
*31
12-/8
*147%
38%
.
21
34
38%
34
12%
155
86%
900
20%
93*
86%
51%
121/4
40%
*147%
33%
*56
20%
90%
102
*32
1,200
*121/4
40
112%
28%
34
200
43%
43%
12%
95
'
56%
390
56
*533/4
12%
40
*98
56
2,100
203/4
40
*27%
44
100
-
:*
105
12 3/a
*93
*108
54%
43»/4
*56
12%
54%
96
10%
105
20%
Dec. 29
20
54%
■t .*93
12%
$ per share
9%
94 i/r
94%
ia%«f 10%
"104 3 104%
20%
Dec. 27
84
1 53%
12%
I per share
*19
55
20%
LOW
Saturday
^
443/8
*32
12%
54
-
17% Oct
36
May
18% Oct
40% Jun
99
K
17%
Kalamazoo Stove & Furniture—10
14
City Sower & Lt Co—
3.8 % preferred
100
Kansas City Southern com—No par
4% nonrcum preferred———100
Kayser (Julius) & Co—;
^5
Kelsey. Hayefe Wheel conv class A__1
Jun
4
Kansas
*90
92%
28
28%
*90
27%
*88
921/4
28
27%
29%
28%
29%
53
53
53
153/4
16%
15%
15%
2,800
24
24
24%
24 %
24%
24%
400
20
201/4
20%
20%
21%
1,600
Class
47%
V-
483/8
483/s
48%
49
9,300
Kennecott
42
42
41
41
221/4
213/4
22%
*102%
103%
*102%
*12%
x
*23%
24%
*23%
*19%
20%
19%
47%
42%
47%
48
*42
42
42
*22%
23
22%
223/4
22
*70
34
13%
72
161/4
24%
19%
103%
1031/4
13%
13V4
*12%
13 %
72
*70%
72
*70
?
48%
41%
300
22%
2,100
102
133/4
72%
*38
103%
7 90
13%
200
*12%
72%
74
75
343/4
343/4
34
33%
34%
34
34%
34%
34%
91
91
90%
91
90
91%
*91
383/8
383/4
38
38%
*38%
38%
38
; 49%
49%
r49
49
49
49
48%
49
*46%
46%
46
46V4
45 5/8
46
453/4
46%
*38%
300
22
91%
*91
7,900
*40
104
*49
46%
70
•
92
•1,100
320
v
38%
94
•
800
50
1,500
46%
1,300
B
108% Mar
May 17
26
29% Dec
.
.18
203/a
•
133/4 Jan
213/4. Dec
par
103
preferred
—100
Kinney (G/R) Co common-——_1
t
$5 prior- preferred:
—No par
Koppers Co Inc common
10
cumulative preferred 4'/o ser__100
Kresge (S 0) Co————10
Kress (S H) & Co
—No par
Kroger Co' (The)—
—No'par
conv 2nd
Dec
17
25
Dec
Jan
Jun
2
41
Sep
32 Vb
Jan
3
Jan
82
Dee
29
,,
.
JUn
100
Aug
46
Jun
Dee
101
33
Nov
43
Sep
43% Oct
59
Feb
4
52% Oct 21:
,
,
.
Apr : '
May
30% Aug
108% Dec
.
96
22
Oct
55
Feb
26% Oct
6
5
40
Jun
60%
'
108% Dec
15% Feb
16
40% Apr 29
67
.21% Nov
38% Oct
16
45
Jan
13
85
31
34
Jan
30
131
102% Aug
May 19
90
34 V*
11% Nov
1163/« Feb 13
20
Feb
7
20
65 % Jun
*
26%
Sep
52V2 Jan
■273/4 Feb
31
20
11% May
15
Dee
19%
8
Sep
15
49% Feb
41% May 17
39
Apr 15
No par
45
17
21% Oct
-
2
Nov
26% Feb
May 17
Keystone;StoeL"&',Wire Co—No par
4%
23
58% July 24
133/4 May 19
Kimberly-Clark1 Corp com—No
Copper—'—
5
47% May 19
1
—
Dec
16
—
53
16%
103
92%
28%
*50
16%
13%
*88
16%
53
16%
103
92%
55
53 %
16%
47%
*88
28%
*51%
*50
921/4
Sep
45% May
62% May
65% May
'
;i
1
!
!
\
5
5
4%
5
9%
9%
9%
21%
20%
4%
9%
21%
10%
21%
*49
10%
49%
43%
43%
103/«
*49
9%20%
5
9%
203/4
11
*10%
103/4
49%
*49
493/4
43%
43%
26
26
•
433/4
433/4
4%
•
9%
203/4
10%
*49
*43%;
5
.
4%
93/4
93/4
21%
29
*43%
45
26%
26
26
*26
27
96%
*95%
96%
95%
95%
*953/4
97
10%
10%
103/8
10%
10%
10%
*37%
10%
38 Vb
5%
5%
5%
2
37%
5%
2
1%
2
*25%
40
*25%
40
*19%
20
19%
19%
36
5%
1%
*25
19%
Lane
11
51
*25%
37
1,100
*103/4
*49
10%
26
Vb
26%
300
600
97%
100
10%
10%
8,700
36%
36%
36%
36%
37
1,600
5%
5%
5%
5%
1%
6
7,200
.2%
17,200
2
40
19%
1%
*25
19%
2
40
*20
40
20/
*20
20%
l,io6
10%
5%
5%
5%
*6
6%
49
*6%
*48
47%
48
47%
49
48
48%
2,100
10%
10%
10%
47%
103/4
48%
10%
10%
11
103/4
11
2,600
6%
6%
6%
For footnotes see page 24
6%
.
800
.
10
May 20
49% Jun 19
38
May 15
21% May 19
95
Dec 12
.
9% May 20
30V* Jun lo
4 »/*. May .17
.
5% Jun
5% Sep
11% Detf
.
9
31
14% Feb
38
44% Jan>
8Ya Feb
'
3% Feb
■25%
49
11
10
' Jan
6
Sep
'
Feb'"l3r'
50% Feb
^24
-
10% Nov
34% Sep
6 % Sep
2% Oct
,493/4 Jan
9
7
9% Feb-11
-
Jan
/.l$%vNov
"
6% Oct
'
41% Oct
21%
Oct
i
Oct.
May
.
203/4
Sep
r
1023/4
Apr
-
;
-
17
98/k
14%
68
-
' Dee
52
30% Feb
4
101
Apr
2
•12% Feb: 13
.
Sep
13% Nov
8 '
Feb. 8
t 56% Feb 13
•l8/a May 19
36Va May 1910 % Dec
9
Jan
Jan
56
14%:May~19
j
3
14
44
24
30
9
Bryant common——No par
4%% preferred-.————50
Lee {lubber 8s Tire—
5
Lees (James) Ap Sons Co com
3.85 ^ cumulative preferred—100 Lehigh Coal &. Navigation Co
10* t
Lehight Portland'cement_a^—a25 •»
Lehigh Valley RR^c_i_-->--a_i_50v
Lehigh Valley Coal com——il '
Non-cumulative preferred^——50 ",
$3 non-cum 1st preferred—No paE/ -:
t
50c non-cum 2nd pfd/—
_No par' ^
Lehman Corp (The)^Ll;ra/_i_l-aa-7i-li
Lehn & Pink.. Prod. Corp//—>—>^5.';
Dec
20% Dec
1
*95%
.
.
:
Feb
7
4% May 19
Lambert
10%
*95%
<
5,600
5
49%
45
Gas Light Co_
_4
La ton solid 6%- pfd_o_75 Pesos- Mex
C6 (The)—-—-—No par
9,000
1,100
Laclede
9%
22%
82
Apr
17%
Jan
55% May>
17V4 Jan
5%
Jan
64
Apr
38% May-
15V4" Apr
65 Vb
33
Jun
May
■Volume
167
Number 4661
•
THE
COMMERCIAL
NEW
LOW
AND
HIGH
SALE
&
YORK
FINANCIAL
STOCK
CHRONICLE
(59)
>19
,!
RECORD
PRICES
•
Saturday
Monday
Dec. 2 7
I
"!
share
per
Tuesday
Dec. 21)
I
Wednesday
'
Dec. UO
per, ehar6
S
per
Thursday
Dec. 31
share
$
share
per
*
18V4
18
18%
55 'A
55%
55
55
Va
9%
9%
8/%
37%
87%
86%
'
.
»
*"36
*•168%
170
V.\
,xl7%
18
17%
$ per share
55
55%
,55%)
5%
'37
%
169
9%
*36%
170
v.
9%
.
37%
87
87 '
38
■'*
17%
172
172
*170 Z
*39%
41
41
10%
*6i
61%
*34%
34%
21%
21%
21
21%
21%
213/4
21s/8
22
79 J/2
79%
79%
79%
79
79
78%
80
1374
14
41%
40
10%
10%
10 3/8
10%
61%*
61%
*ti%
62%
62%
63
34
34%
34%
34
34%)
133/B
13%
13
10 3/8
13%
10%
13%
18%
19
18 3/4
19
183/8
67
66
67
67
67
24%
24%
24 %
243/4
19%
18%
19
18%
19
133 %
Belt
Oil
22'A
2,600
13%
139
21%
42
42%
'
v,
21%
14(J
94
%
25 3A
94
2l
423A
25%
140
97%
*140
28,400
67%
3,100
25%
700
19'/8
4,000
*25
18%
145
22
*'
41 J/e
*-%
42%
43%
43%
'
*25%
15,400
183/s
%
<p
93
23%
25%
93
23%
*22
EXCHANGE
26
NEW YEAR'S
23%
23
43%
DLOSED
93
*92
23%
STOCK
♦
1
4
21%
41%
■?«
*95%
140
137%
»21
14%
18
67%
DAY
Lorillard
-\
17c
(P)
Co
74%
Jan
Oct
15 %
Apr
28
287/e
Oct
37%
2
83
Sep
102
183
Deo
210% Mar
4
14
23%
NOV
43%
Jan
4
99
Apr
Deo
120
Feb
20
18%
Deo
45'A
Feb
13
25'A
Nov
41
Apr
May 19
793A Feb
5
64
Jan
94
May
28 % Oct
24
17%
Oct
35
58 '/a
No par
10
21% Dec
29
39% Dec
4
& Sons lnc com—1
16
17% May 19
100
93
10
!
Aug
20
27
12'A May 19
-No par
A
Feb
9
109'A Feb
29
series
66
15
17»/B Apr
137% Dec
4'%%. cum pfd
Lukens Steel Co
65%
35 Vb Dec
10% May 17
18 3/a Dec 10
&
(M)
Deo
Oct
30 '/2 Jan
100
&
37%
43
19% May 17
78% Dec 31
No par
common
Jan
May
14
31
24'A Aug 25
1
21%
Aug 29
12% Oct
63
Dec
Electric A__No par
Nashville
j—50
Gas
Louisville
600
Dec
Apr
preferred
Lowenstein
20
44'/a May
Nov
10
x48
10
47
.
-
Louisville
1,000
23%
lnc
Star
Cement Corp.
Long Bell Lumber A__.
7,900
4. o 78
97
233/8
Loew's
Nov
43
3
96a/4 Jan
33'A May 27
100
Lockheed Aircraft
Corp
Lone
400
44%
AO-/8
*94
1
com
8
10
1913A July 25
No par
Co
Co
$ per share
40% Oct
29
No par
Liquid Carbonic Corp
3%% preferred
'
Dec
Highest
t per share
59 Va Feb
11
Apr
May 19
par
No par
Link
Lion
600
78
169
No
500
81
25
Lowest
Feb
25
8
May 16
29% Mar 15
No par
2,200
19 ye
18%
4,800
May 17
46% May 21
100
Lily Tulip Cup Corp
Lima-Hamilton Corp
6 3'A
25 %
24%
10 3/4
com
Preferred
200
333A
18%
66%
t per share
17
5
Liggett & Myers Tobacco
250
42
10%
13%
19
25%
2,100
173%
*78%
66%
19%
89'%
Year 1946
Highest
$ per share
Par
Corp.
/ 33%
22
,
ltt%
"25
400
63%
66%
%
7,900
*38
Range for Year 1047
Lowest
Lerner Stores
Corp
No par
Libbey Owens Ford Glass.—No
par
Libby McNeill & Libby
7
Life Savers
2,100
9%
38%
173%
Z; 41%
Range for Previous
STOCK
)
'
89
YORK
EXCHANGE
2,200
38%
/
172
40
**0%
ni);i/8
34
17%
56
9%
/>;
88%.
j
NEW
Shares
-
55%
I
9%
-
38
fc'o
87;
the Week
t per share
17%
54%
93/8
37
Salea for
Jan. 2
'
18 Ve
STOCKS
Friday
'/Jan. 1
Dec
21'/a Jan
3
x20
29
166
Deo
29 '/a Jan
31
53
24%
Jun
31%
Nov
Jan
172
Jan
Jan
197
Aug
32%
Sep
Jan
30
Feb
Feb
7
45%
Oct
72%
293/4 Oct
t
14
20%
Nov
43% May
97
Deo
14
Sep
1013/4 Aug 22
26% Oct 14
U3a May 17
July
108
30%
Jan
-4
s
*38
39
*38
39
137
*130
137
52
52
52%
52'%
52%
52%
53
35%
*13 I V4
34
35
333/4
343/4
34%
34%
*99'%
101%
*99%
101%
52
'/2
*100%
101%
*12
,
13
18%
10
24
63/4
20%
6%
6%
*15
23%
*£9
24 :>/
14%
:
14%
18%
•
*
'
88%
*85%
84
23 %
97%
97'A
14%
233A
•33
27%
42%
42
26%
26%
27'/a
86
42
*42
26%
46%
46%
88'%
18%
21%
) ,21%
*19%' "20
93
-
94
*42%
42%
*233/b
-23%
18
56
56
14%
14%
*43%
23%
17%
56%
•\
21%
21%
19 %
20
40-%
*93
41
41
18%
*56%
58
*57%
43%
14%
14y8
51%
43%
51% '52
513A
52
84
84
83
83
*83
40%
403A
41
41
41
40%
101
*99
*43 %
100
per
*15'/a
46
43%
137 %
13%
S
15%
13%
12
12
70
14%
117
15%
46%
42
88%
14%
14%
12
12%
12%
85
70
•55
86%
70
r(0
99
99%
■ol
52%
51'A
52%
4%
4%
4%
43/8
14 Va
14
117
%
116%
o2
4%
52
4%
&
Min
&
Co
800
500
110
Metropolitan Edison
101
Sales for
t per share
16
46 Va
137%
15 Va
15
54%
Va.
89 3a
*70
CLOSED
53
DAY
*117
230
/.v.- 4%
5
16%
153/4
16%
15%
16%
42%
413/4
15%
42%
43
10%
42%
43
10%
10 3/a
27
10 %
53%
15%
*26%
27
59%
26
61
26
60
*26'
61
*120
124
■
122
*118
*120
53%
53 y8
533/a
53 3/a
53%
15%
13%
15%
15%
15%
15%
27
27 y2
27%
*26%
27
27
133/4
13%
13%
13%
23%
233/4
233/4
*23%
13%
133/a
24%
20%
20%
19 Va
19%
•
25
25%
20%
20'/a
20 %
20%
19%
20%
19 %
19%
19
19%
24%
13 3/8
*36 3/8
1083/4
25
24%
-
106%
*105%
13%
25
243/4
106%
106
13'/e
133/s
133/a
*36 %
37%
109"
37%
*36%
*108
V 109
1073/4
'
.
25%
106
<
*106
13%
37%
*133/8
16%
16%
163/8
16%
42%
41%
41'/a
*41%
42
*55
56
*55'/8
56
*55%
56
*55
19'A
17% -17%
23%
8%
800
25 Va
*106
(
10Va
12
17%
17%
17%
17%
18
23%
22'A
23
22'A
1
27
10
10'/a
30%
165
11%
34
30%
30%
168 Va
*23%
8,%
*42%
*165
24
8%
423/4
*23'A
*
17
f
,
10%
11%
11%
34
<
30%
90;
165
233A
8%
8%
13%
13 Va
42
8 Vb
13 Va
13%
7%
$7
4%
/.
.
Myers
Oct
35 %: Jun
61
Nov-
18%
Deo
32% July
36%
Sept
Sep-
52%
3
30
'54
Mar
6
49
Dec
Jan
39%
104
Apr
„
I per share
Oct
18%
31%
Feb
32
Nov
45% May
62 Va Jan
10%
Oct
140
173
Feb
July
12
10%
Nov
14%
9%
Oct
26% Mar
7
Oct,'
68 %
25
105%
Dec
70% Dec
29
40%
Apr
102% Dec"
45
4
'
20
Deo
Apr
119% July
60
Deo
i. ——
15
Dec
123
Oct
14
100
Sep
129
Mar
56% Oct
20
28
Sep
44
May
8%
18% May
Oct
Oct
17%
Jan
25% Feb
7
19
Oct
62
Jan
51% Jan
2
42
Deo
70
8
Feb
3
13 % Feb 14
32
Feb
5%
11%
Apr
23% July
45
Apr
Deo
17
28 %
Deo
3
43%
Sep
128% Feb
4
111%
Sep
135%
64% Feb
8
57 V*
Deo
104% May
63% Feb
May 19
1
64
Deo
Jun
2
27% Dec
31
14% Nov
14% May 19
103% May 26
May 29
Apr 14
3
27'A Oct
20
15% Oct
34%
27% Feb
1
,' 3
19
36
25
Oct
Jan
May
Mar'28
27% Oct 20
107 % Mar 14
15% Nov
40% Feb
13
14% Sep
102
22%
Oct
Jun
109% Feb
27% Aug
13% Sep
10
32%
Oct
Jan
29
108%
Jun
97/, May 17
37'AJan
2
16% Dec
22
9%
Oct
22
Jan
44% Feb
13"
33%
Nov
55%
Feb
60% Jun
66
29
50
Deo
70
Jun
13
Oct
107% Dec 30
*
Highest
t per share
24
17% Dec
*-• 35
No par;
23
29
10
50
Bros
113%
114% Feb
•
13
17% May 19
.^100
preferred
Oct
May
110% July
61% Jun
Dec
66% Jan
17
May 19
19% May 19
•
.-1
10
5
May 16
9% May 19
L-lI
com
Apr
77
14% Feb
May 19
15 Va Dec
~_S
common
Nov
Jun
15% Nov
24
No par
.
48% Dec
110% May 16
'
i—1
^
105 Va
Year 1946
45'A Nov 24
156
Aar 6
8
May 19
23 % Sep
8
49% May 17
com_5
——•
v
Nov
97 \
Lowest
18 % Mar
3% May 19
No par
Co
&
18 J
$ per share
11% May 19
32% May 19
I—3
preferred—
(F E)
26%
6
47% Jan
28% Mar 11
No par
Mfg Co class B
preferred—1
4%%:
300
10 %
34%
30%
165
>3
2334
8%43
8 Va
*163
170
23
%
8
%
42
8
23'A
8%
43%
8%
17%
23 Va
273/4
9
„
i
,
133/a
13%
13%
•
600
10%
12'A
*33%'
34?%
30%
10
112
Jan
Z
8%
8%
13%
National
National
Automotive
National
Aviation
3,000
300
Airlines
National Biscuit
77c
-
.
■
Nat
Bond
&
Co
Share
National
Can
1,200
National
Cash
8,800
Nat
8,800
National
May 19
19% Feb
7
19
May 24
293A Feb
13'
23
Oct
21
May 19
30
6
27
Sep
12
9V8Mayl9
10 % May 19
24
Jan 13
—4
common—i_10
27
Jan
13
100
165
Dec
30
21% Jun
Corp
Corp.
No par
;
Register
City Lines lnc
Container
8Vb Dec
Inci—1
5
preferred
10,900
.
14
100
-1
Fibres
Corp
National Battery Co
100
23 V4
*41% ...42%
6'%
8%
13,000
3,700
—5'
1
National Acme Co
700
169
23 %
Nash-Kelvinator Corp
Nashville Chatt & St Louis
3,500
.
A
30%
*165
13%
9,100
.
9
10%
*11%
;
-:A.
28V* t. :900
.
13
,
For footnotes see
page 24
Brass
Oct
Oct
Highest
104
—5
57 % Aug
43%
20 %
111% Aug 18
31
No par
Corp
Corp
107% Aug
5
7
103% Mar
9
7
NO par
new
Murray Corp of America
56
17%
30%
30%
42
7%
A
Co
Sept
Apr
Jun
Apr
73
30
99
-1.25
& Co
Munsingwear lnc
Murphy Co (G C)
40Q
4,900
-
43%
: 23%
10'A
11%
y
/
34
11%
24
8%
/
1,000
-
Dec
35%
36
30%
Feb
3
1
No par
Mullms
107%
*55
8 3-4
*33%
168
8%
Mueller
2,600.
20
14 Va
16%
27%
8%
10%
/
'
30%
8%
x42
27%
8%
8
11%
33'A
27
3/8
8%
12
2,900
v
:
<.
36%
*42 A"
23
27
10'/a
Wheel
Oct
24% Jan
30
com—±^_5
series
&
Nov:
-"18% Sep
103
Jan
69
25% Jan
50
10
—No par
-1
Co
1
Jan
49
114%
May
Jan
16% Jan
14
6
7
10
Sep
21
13 Va
Deo
20% May
28% Jan
34
18
20%
Oct
34%
Dec
34»A Feb
187
15
10
26% Feb
13
8% May 19
33
May 19
133/4 Feb
7
43% Dec
31
Dec
Jan
41% May
34% Jan
Feb
27
7% Dec
Jan
52 Va
16% Feb
Jun
13
14% Nov
25%
V
29
14% Jan
7
26
15% Oct
15
25%
180
Oct
Apr
37% May
Nov
205 V4
22%
Oct
32%
Apr
9%
Nov
21%
Feb
31
Nov
45 Va
Jan
13
Oct
24% Aug
—
:
j
>
;
Apr h
N
173/8
23
26%
33%
*33
lnc
Products
Motor
107%
36%
107%
.
.
56
27
8%
Motor
.
23%
83/4
Morrelt (John)
Motorola lnc
1,300
;.;
■
*'26%
preferred
105% Feb; 11
16
,—20
Moore-McCormack Lines
500
1,600
20 Va
*25
16%
43%
:
;
*133/8
42 y2
$3.25
20
22
,■
Mar
66% Jun
108% Mar
Deot
21
10
^_100
Tool
Montgomery Ward
6,600
13%
25
l95/a
^
//■
16 S/8
•
12,500
Co
Chemical Co
102
Jun
46% May
j
48% Apr / '
Sep
23% Sep
44 '
Sep
39% Nov
28
No par
com
♦
27%/
25' ;
20%
:
14
109;
163/4
15%
*13%
".
Machine
20
197/a Jan
51'A Apr
com
•
37
*107%
108
16%
*41 y8
53%,-
•
107'%
37
53 A
*26 %
:
24'%
19%
.
1
6
105% Feb
30
8
Jan
32
10% May 19
6% May 19
47 % May 27
10
Hosiery
Monarch
Monsanto
..
Feb
56% Feb
30
84 % Dec
Corp.!
Mojud
5,500
:
i
122
44
May 20
May 19
100
7% preferred series A
Mohawk Carpet Mills
100
61%
124
102% Deo
27
No par
Impl
1,500
/
May
7
31
i
Apr
43
16
No par
RR
71
Oct
45% Oct
No par
1,600
15%
13%
24
*20»/a
Mo-Kan-Texas
Sep.
23
21.
65% Jan
156
_3
com
$6.50 preferred-
.
:
Regul
Power
Mission
10,300
27
60%
*120
53
)
■
10%'
*26 -A
61%
153/B
233/8
*105%
27
124
54
27
*13%
,
61
,
103/4
Moline
8,600
17%
42%
10%
vtc
pfd series A
conv
8,800
Vs;:'
15%
x41%
10%
Minn
60
53 Va
A
Minn Min & Mfg
$4 preferred
3,400
120
52 3A
4%
4
14%
14%
NEW YEAR'S
3.20%
600
!
99'
Minn-Honeywell
740
71
\ 99
42
S3% Feb
33
Apr 30
297/a May 19
2,600
A
48% JaiV 23;
V
107% Feb
10
100
M
118
$ per share
No par
com
pfd
SS
Jun
24
Dec
<j
May j
Range for Previons
No par
1st
&
111
Mar 14
97'A Dec
No par
P
4
12% May 19
Minneap & St Louis Ry
cum
Jan
Range for Year 1917
Minn St
8 7o
17
55
Lowest
150
1,900
/
Oct
Sep
47% Jan
'•
STOCK
Petroleum
Prod
9%
45%
May 26
5
Steel
3
4
113
>
t
Nov
97
Deo
Jan
'/■ ''
6,000
,
54%
*88%
STOCK
EXCHANGE
Midland
93%
50
"
357/a May 21
pfd_100
Copper
Mid-Continent
500
13 Va;
*25
?
4,000
>
•
Fel? 25
NOV
May ' j
70
112% May
Deo
14% Nov
6
Dec
103
100 % Aug 25
97% Mar 11!
11
Jun
Jan,
45% Nov
8
* 106
38% May
204 %
195
23
Mar 21
Par
Miami
Dec
Jan
-49% Feb
.
8
83
5
YORK
Sep
26% Nov 20
353A Nov 20
* 190
Feb
EXCHANGE
800
42
137'A
NEW
24%
11
23
41
No par
3.90%
Apr
43 % May 19
1
preferred
75
55% May 17
13% May 20
_3%
Shares
10%
61
cum
the Week
16%
124
$3.50
Sep
8
No par
Mesta Machine Co
~
14%
lnc
common
t'7%
16
117
4%
Co
Transp Co
lnc
41%
43 %
60%
Stores
Merch
Merck
i6y8
*120
Mercantile
200
1,400
42 %
.
6,200
48
27
40% Dec
50
r
2
28
16
preferred
Feb
Jun
63% Jan
23% Oct
1
1st
conv
45%
30%
17
25% Feb
20
5%
Sep
Oct
31% Feb
50
112% Mar
Sep
12%
15
—1
Apr
31
16% May 19
88% Jun 23
_100
Jan
57%
X109
21% Dec
,
•
20%
6
17% May 20
:—10
No par
preferred
52
*10%
*26
4%7o
150
Jan. 2
88
99%
13%
Co
13
Oct
Nov
9
Dec
4 7e
2nd preferred
Melville Shoe Corp
Mengel Co (The) common
2,100-
Friday
55%
70 Va
117
:.
44
52'-"
12%
99%
52%
Thursday
$ per share
14%
70 V2
14%
14%
Stores
Feb
Deo
11%
23
May 17
87
~7%
30%
v
11%
243/8 Oct
24
■
Jan
8
19
30% May 19
No par *
;
1
26%
46% May
Sep
Jan
46
5
com—18
Mc-Quay Norris Mfg Co
Corp common
80O
18%
lnc
Mead
70
58%
Robbins
preferred
MeLellan
1,600
94
&
STOCKS
"13
100%
117%
$4
1,300
46
85%
13%
:'••;
*41
84%
117'A
r
200
43%
43%
70%
IOOV4
120 %
56
McKesson
/'Jan. 1
86
70
101
55
No par
Mclntyre Porcupine Mines
*99 %
138
:■
—1,^ 35
Co
*8434
.
14
12 Va
100 '**• 82
Co
Pub
1,800
46%
42
13%
preferred
Electric
24
,
Oct
Nov
3%
34
35% May 19
1
Jan
12%
\
11
1113/4 July
108% Mar 20
par..
com
3,400
'
15%
*137%
55
conv
McGraw
Corp
47
21
42
—•
Stores
3 % 7o
PRICES
15%
137%
McCrory
*40
share
No
33%
*43%
1
42
137%
pfd—
*8% Feb
7% May 19
<
No par
cum
McGraw-Hill
90
82
No par
Corp
900
14%
100
,46
11%
Vb
14%
15%
No par
Apr
17
34% Feb
39% May 19
88
Dec 29
85
Dec 26
-
pfd 1947 series—No par
pfd
No par
1,100
*57%
'41
per
common——-.-5
common.
42%
*18 •/■
/•
Dec. 31
$
290
23%
•
86%
Wednesday
share
55
56%
100%
43%
138
13%
per
46%
.
46
*42 %
.
*137'A
55%
88 %
15%
45%
138
1
1st
McCall
1,800
,/23 %.
/
52
SALE
Dec. 80
share
*15
46%
43%
per
HIGH
Co
175
Sep
Aug
16%
Oct
17
May
May
May
July
May
Dec
18%
24 Va
••• >
■
28
89
..
1
100
preferred
$6
800
900
45
100
Tuesday
Dec. 29
share
*43%
99 3/4
AND
Monday
Dec,.21
f
45
99%
LOW
Saturday
U3%
3,200
14%
52
85
40%
$3
19%
58 %
51'A
*99
43 5/s
'•*41%
23%
17%
85
Z
cum
42%
14
17%
626
26
22
16% Dec
:
87/b
4
Dec
•
22% May 19
97% Dec 31
1
Co
Stores
cum
21%
41%
*23 Ve
14%
Dept
$3.75
*93
23%
14%
Electric
$3.40
*20%
18
Co
7
277/8 Feb
19% May 28
63/8 May 20
/ 9
May 19
100
L)
18
323a Feb
-
-
No par
com
$3.75 preferred
840
z; 193/4
17%
Co
2
30% May
Deo
Jun
620
10
14% Feb
19
Dec
12% Jan
14
6.25
&
500
19
3% Jan
preferred—
May
570
•;/21%
94
22% Dec
__1
Corp—
5
67o prior pfd—100 '
47
21
9% Dec
5
33%'
21%
19
94
'
23%
-...
57
14%
45
4,000
17
May 17
39%
Maytag
*85%
20
6
Jun
Jan
May
111% Apr
xl7% Nov
Sep
13%
27
Jun
160
Sep
16'A
1
No par
1%
38%
12%
6
1
Master
38%
1
18% Aug
455
Mathieson Alkali Wks com—No
par
•
15% Feb
21% Mar
103A Dec
50
Corp
70
47%
87
Co
111
113A May 19
163/4 Apr 14
14%
2,400
33 %
19%
18%
42%
17%
47
87
Oct
No par
*26% ♦27%
32%
106%
preferred
10 s/8
Z*
27
Mar 28
No par
(Glenn
87
'
*27%
43
k
65
1,100
'
46%
*93
23%
26%
Nov
1,300
:89 < :
vl *87'A
33%
21%
19%
42%
XJ
19%
'93
42
18
46'A
3 2 3/8
21%
19
*93
86
26%
*86
19%
27%
86
37%
Masonite
500
41 '/B
*42%
27%
42%
26%
323/4
88%
%
A
4'A%
85%
•
7
23%
10%
38%
413/4 Jan
Nov
Martin-Parry Corp
*85%
*112 •
76%
30'/8 May 19
99% Dec 19
Exploration
Ry
*84
113%
Oct
32%
*88';?
•
38%
Corp
St
Martin
179
403/4
10%
/ .'.-38
27%
83'%
32%
20
1,700
v
44
21
Shirt_r_^
Marshall Field
14,800
6ft <
21-
Oct
Midland
Market
100
14%
19 s/8
•
27%
46%
v'f
97'A
*175
A
*112
37%:
82
>
32 3A
92
21%
•;-37%
9,700
'.■>32%
85%
*42%
113%
430
24%
14%.
86%
10%
43
15%
•-.23%
'•
88
*84
10%
*112
37%
82
*26%
84%
10'/8
*42%
41
-85%
Marine
.-6ft";
32 3A
88
7,700
97%
177%
„
Marathon
.19%
'
23%'
40%
86%
10%
44
*175;
y4,
84
84
,•.37%
88
85%
113%
83 V8
20
88
86%
*112
27%
32%
•40%
6,400
24%
"'••
19'A
32%
177%
40
22'A
7
22
Apr
60
Co
Oil
42% May
Sep
Deo
Nov
152
1
Bros
Maracaibo
15%
<•
60
23%
;
32%
*175
88%
'{'!%
*88
32%
-
40%
-10%
23%
Manhattan
3,000
7
14%
-V
19
60
>.
Mandel
300
6%
6%
15%;
14%
18%
60
23%
177%:
*42
46
14% :
18%
*593/4
k>'v 84 A
37% A 37%
v
14'/a
19%
59%
/
800
25
32
140
41
26
No par
com
RR
Sugar
6%
24%
99
A *42%
113%
27
24
i:85%
44
*112
23 5/s
*97%
88
10%
*42
15%
-46%
87
*83
V 10
6%
6%
Manati
Mar 12
413/4 May 19
(The)
Coal
213/4
15%
.
2,100
9%
*24
6%
22
6%
18%
88 %
*9%'.
24 '/a :
6%
21%
99
*175
40%
24 y8
6%
21 Vb
24
•-323/8
177%
25
6%
20%
/■
,
15%
23%
40'/B
"
*24 %
•/
H
33
17 5
9%!
59%
24
33
;
*
•
60
*23%
.
9%
6%
-14%
18%
*5.J%
9 y2
Magnavox Co
Mahoning
9'/8
34
134
No par
pfd series A
100
Madison Square Garden—^No
par
Magma Copper
10
530
9
10
100
com
4%%
1,500
*480
Forbes
Macy (R H) Co lnc
2,200
11%
15%
99
*
.
18
9%
6%
2A%
101 v.
17%
8%
24
200
*11%
&
preferred
Mack Trucks lnc
2,800
17%
8%
20%
35
100
100
530
8%
6 %
6%
'*15
15%
343/4
3,200
113/8
11%
*490
8%
20%
• •
■
67c
523A
m/,/:/
MacAndrews
13
9%
.24
6%
20%
300
''*12%
8%
9%
40
137
523/8
13
17%
11%
520
40
*130
137
*12
17%
ll'/a
*450
39
*38%
*130
13
17%
115/a
520
8%
38%
137
*12
18%:
11%
*450
8%
*9%
13
18
11
520
"%
100%
*12
18%
10%
»4oU
>
100%
r
38%
*130
—
Apr
20
(60)
THE
COMMERCIAL; & FINANCIAL CHRONICLE
NEW
YORK
STOCK
X.
:
'
/
'
-Monday. January 5, 1948
RECORD
'
.
,
LOW AND
HIGH
stocks-—
PRICES
SALE
Batiriay
.Monday
,
Deo. 27
;
I per share
*16%
13%
27%
16%
.
13%
13%
2<%
27%
16%
21%
20%
47%
♦44%
19
99
18%
34%
16%
20%
♦44%
18%
*97
99
35
35
16%
16%
34%
♦165
18%
136%
7%
♦91
12%
♦11
18
16%
19%'".
*94%
35
34%
18%
8,100
l'O
97%"
35% *
'
2,200
165
165
136
136
136
138%
7%
7%
7%
7%
7%
320
2,900
Nat
&
1
10400
91%
90%
91
2,200
National
25 %
25 %
25 %
25%
25%
25%
25%
*25%
800
National
23
22 %
8,200
National
'
16%
17
17
22%
23%
91%
94%
EXCHANGE
23%
21%
CLOSED
12%
12%
23%
12%
12%
12%
NEW YEAR'S
11
11%
11%
11
11%
DAY
12%
11%
1
-
%-
18%
14%
vs
",'B
18%
18%
14%
18%
■♦14%
*li4
106
31
31
*31
♦96
11%
11%
♦93
*104
24%
1,100
18%
*14%
260
98%
11%
*93
*
*31%
33
*96%
97
98%
11%
97
*32%
*93
3,600
Natl
1,700
19
2,000
Nehi
15
200
100
33
44%
43%
44
43%
43%
44%
44%
44 '
1,300
24%
23%
24%
23%
24
23%
24%
*24
24%
3,700
91
*39
91
90
♦88%
90
*88%
90
*89
43%
21%
.21%
21%
22 %
21%
21%
21%
21%
21%
21%
3,600
39%
39%
39%
39%
39%
39%
39%
41
40
40
1,200
14%
46
13%
14%
13 %
14%
14%
14%
14%
15%
45
45%
45
47%
47%
48%
45"%
47%
133
♦20%
♦48
♦210
133%
13%
13%
21
22%
54%
♦45
240
135%
14
21
*20%
54%
13%
13%
5,400
135%
]•>•%
3,400
:
22%
*18
22%
*45
55
*50
54
*47
240
*218
240
*230
200
240
21%
86%
21
21%
21%
21%
22
♦85%
84%
86%
85
85 %
85
86%
♦15%
15%
14%
15%
15
15%
14%
15 %
♦81
82%
82
82
81
21
21%
*81%
15
Fibre Co
440
2,300
80%
81
81
*23
24
80%
350
♦23%
24%
24
24
*23%
24
*23%
24
36%
57%
36%
36%
36%
*35%
36%
35%
36
35%
35%
800
58%
57%
58%
58%
60
60
60%
60%
61%
3,900
*25%
26%
26
26
*26
26%
*26
26%
100
16%
16%
16%
17
17%
17
♦25%
26
16%
16%
8%
8%
♦85
8
87
*83%
1
*8%
86
27%
27%
21%
21
21%
12
X81
12%
11%
8
.
83%
/#
2o 72
28
26%
20%
•
-
81
81
80
*83%
86
2o%
2u
Y City Omnibus Corp
New York Dock common
Y New
790
12%
11%
82%
♦6%
♦12
Preferred
5%
series
Y State
Elec
&
Northern Central Ry Co
NuitneTn Natural Gat Co
Northern' Pacific Ry
Northern States Pwr Co
pfd
;i9
Apr
7
110% May
Deo
106
113
Oct
30%
Oct
50
Apr
32% Feb
27
Sep
45
Jun
95%
1
Oct
109%
Jun
18% NOV
34%
Apr
% Feb
it*
36%
Oct
69%
Jan
22% Feb
3
13%
Oct
35% Jan
61% May
102
Feb
*6
1
Oct 20
26
>
50
137
Dec
26
Sep
Dec
•
15
30
79
Sep
16%
Deo
20% Feb
26
19
21
43% May
44% Dec 26
19
Dec
Nov
24
12
Nov
80% Dec
100
Aug
62% Jan
290
4
37%
'
Jun
Feb '
1
•
41% May
Oct
63%
10
25% Sep
135
<
21%
1
I
Feb
Oct
76
May
:i
Jun
329
Feb
4v
Deo
113% Mar
>
17
Northwest
..
279
iVlttl
102
4
11%
Sep 29
28%
Nov
Feb
Airlines
Int
12,000
5.100
330
Northwestern
&
6%
700
Norwalk
fire
12%
1,200
Norwich
Pbarmacal
18
64% Nov
5
Dec
30
26
6% May 16
83% Dec 30
20
common
25
Dec
41%
in% Feb
Sep
72% May
23%
30% Sep 17
83% Jan
1
Oct
39%
9%
ii
Apr
16% Feb
Deo
111
117
Jan
May
115% Jan. 11
6
30% Nov
8
13% May 19
22% Feb
V
79% Dec 31
102% Feb
17
10
22 Vs Apr
2
11;
Aug 20
25
Rubbe
19 %
Aug 20
25% Oct
16%
36
Oct
Jan
33
Jun
12
45% Jan
6% Dec
31
13% Fen
10
18% Feb
104%
Nov
Jan
18% NOT
66%
ii
Oct
65% Jan
9
2
No par
Co
96% Dee
6
50
preferred
12%
53% Jan
6
16% Dec
50
Telegraph.
*6%
12
26
.
—
25% Oct 20
33% Dec
,_No par
33%
cumulative
100% Aug 19
56'A Dec
1*
new
31
23% NOV 13
10
-
$3.60 series
?i%
6%
Nov
Sep
109% Aug
103% NOV
Mar 11
13
22
Deo
35%
13
108% Jan
Deo
(Minn)—
12%
12%
17% Jun
9
32% May 19
—1UU
33%
S
May 4i
8
22% Dec
X87% Dec 17
Feb
32% Jan
Oct
16%
July 25
106
26
52
i
?1%
6%
24
23
35 %
Noblitt-Sparks Industries new—2.50
Nopco Chemical.Co
4
Norfolk & Western Ry com
1
25
Adjustment preferred
—25
12
12%
38
230
Corp—
$3.75 cumulative preferred
21% .21%
6%
6
18%
104
Gas
34
12%
17
10
107
Dec
13
18% Feb
13
11% Dec
4
24% Feb
Feb
16
21%
6%
24% May
19
Feb
Sep
10'<
34%
12%
Jan
Sep
15% Nov 29
21%
6%
25
Nov
10% May 21
34%
12%
NOV
84% Dec 29
21 %
6%
J1 '/&
100
34%
12
24
>11% May 19
A
21%
7
23% Dec
100
Light 3.90% pfd—100
Shipbldg Corp partic stock
1
34
12%
Deo
N Y
4.6%
2% Sep •
101% July
38
Apr
Sep
25 Va
Hav & Hart RR Co-
21%
34%
75
10
10Va
—50
34%
21%
♦34
20
I
July
Apr
10% Aug
41% Feb
lVt Aug
.2
Nov
28% Jan
N Y Power &
Cum
173
Jan 31
1% Jan95
17
No par
Co
81%
207
Oct
6% Nov
20% Oct
14%
98
100
Aviation
81%
Deo
)
Jan
Apr»
13% Jun
Dec
May 17
,18% May 19
80
May 19
Y & Harlem RR Co
178
Z149
Jun
42% May
95% Dec
No par
preferred
non-cum
28
I
106% Mar
No par
preferred series A
N
4m«>rif>PTi
16,100
7
28% Nov
1
com
American
18,t>ui<
.
28
—100
Co
Nor'h
10
-/2
21%
Jan
8% Apr
18% May 19
13% May 29
No par
North
84%
78
,20%
20%
..
79%
12%
11%
12%
*83%
167
Mar 18
105
pfd—100
10
Central
9,800
.
"3/,
15 •
27
40%
Oct
100
20
Pr & Lt Co 4%
10,600
17%.
O
8%
xl9%
27%
21
83%
16%
8%
83%
27%
♦81%
8
,
100
30
108 Va
Sep
Nov
No par
common
Y Chic & St Louis
6%
33%
Oct
21%
1
100
.
N
Oct
27
11
4%%
preferred
100
Newport News Ship & Dry Dock
l
New
York Air Brake
No par
N
81
I
preferred
preferred
New York
16%
102 V*
1
89
No par
serial
conv
Jun
32% Aug ! (•
Jan ]
67%
.
29% Jan 24
17% Feb 10
No par
Newmont Mining Corp
Newport Industries common
6,700
86%
88
"■..!
20 Va May 20
12 % Dec
9
_1
Co
Corp
$5
22%
100
10
N
15
com
New England Elec System
55
*215
240
Pa
-
,
2
107
74% May 20
21% May 17
12% May 19
No par
Co
Newberry Co (J J)
1,400
13
13%
*21
22%
!
131
136
rl36
137
13%
58,500
Co
N
21%
♦210
133%
'
25 % Jan
.
'. '
Aug'/
Apr
34 %
19%. NOV
31% Noy
'
8
Vulcanized
3%%
3
18
18
25
.
;•
23% Oct
b% Jan 18
No par
0
23
Sep
15% NOV
48% Dec
•
'•
45 V»
30
15
1? Dec
Tea
New Jersey
-20% Jan
'
3
Feb
1.
ex-dist
Corp
Neisner Bros Inc common
10
6,100
97
♦S3
97
Dec
Jan
'
f per share
Oct
36"% Dec
190 V4 Sep
31
/ 15% Dec
Lt
Supply (The)
preferred
4%%
12%
12
11%
..
Dec
136
Dec
40% May 40
&
Sugar Ref
Natomas
98
*86
98%
11%
165
—100
A
B
Steel
4y2%
13
'
32%
98%
11%
96
Service Corp.
—1
Stl Cast Co*
—No par
Power
National
106
*104
106
Natl
11%
11%
15
*14%
106
94
*12%
19%
19
15
♦104
23%
94
STOCK
90
23%
22
25%
24%
23
90
23%
12'/a
'
17% :
23%
22%
91
23 %
♦88
23%
'
1
111
%
43%
13%
Mai
IS
90%
17 %
111
par
—10
common-
38
19
■
Highest
:
t phr share
17% Fbb 21
8
17% May 19
30% May 26
14% May 19
;
Linen
24%
133
6%
National
26% Dec
.—100
Co
1,600
91
98%
14%
44%
Lead
preferred
preferred
7%
.
preferred——_No
conv
16%
97
♦88%
$4.50
National
I per styare
% May 16
i 14% May 19
.
140
166
*
.
90%
32
11%
19%
96
34%
.
17%
18%
♦96
18%
96
*163
7%
111
14%
104%
♦93
15,200
■
13
.
Year. 1946
Loweii
I per share
Par
Cylinder Gas Co.—:i
1
National Dairy Products!—-No par'
National Dept Stores
—5
National Distillers Prod
Nopar
Nat Enam & Stamping
-.No par
National Gypsum Co com-—-----1
.National
89%
14%
♦31
47;
'
'
/Lowest
V
.
89%
^
18%
♦104
3,300
17%
21%
20%
*44 *
.
89%
«
93
23%
8,700
165
136
7%
22%
2,100
v
29
137
167%
136%
♦25%
.
17%
21
47
18%
34%
7%
J't
17
20%
♦44%
98%
34%
18%
*96
137%
88
28%
Range for Year 19i7
STOCK
EXCHANGE
NEW YORK
Shares
t
...
,
13%
•
21%
47
165
♦7%
*17'/a
13%
29
16%
V
,
t per share.
13%
27%
,
-# per share
the Week
■
168% 168
138
,,13 %
,
Sales for
Jan. 2
Jan. J
9 per share
27%
47
"97
Dec. 81
f per share
'Friday
Thursday
Wednesday
-
13%
21
20%
♦44
o
Dec. 29
$ per share
13%
13%
27%, 27%
Tuesday
Dee: 30
v
+
J
Range for Pre*Io«».,.-<v.- H"
'
.
12
2.50
Dec
6
NOV
19% May
16%
11
Deo
29
Sep
May
': vr
'
.
..
..
'
O
*27
27%
27%
29%
29%
29%
*92%
93'A
91%
92 %
91%
92
91%
91 34
92%
95
33
32%
331/4
32%
333%
33
33%
32
327/a
lb
32 %
271/4
28%
27
28%
*18'A
18%
*18
18%
*18
18%
18
26%
26%
26
26 3/s
26
26 5/8
26 5
961/2
961/2
95 3/4
95%
93
94
95
9%
93/4
9%
9%
10
10'/8
98%
98%
*98%
98
981/2
*98
*20 »/4
20%
20%
20%
201/4
20
*31
32
*150
31 %
153%
21%
*84
20%
32
*151
151%
21
21%
21%
86
73%
100
*84
73%
73
31%
*151
733/4
*84
73
LOW
Saturday
HIGH
Monday
I per share
S
14
per
13%
share
S
per
20
900
*151
P6
72s/a
$ per share
14
*137/a
13
*12
13
*12
13
*12
71
*681/2
71
*68%
*39%
13%
♦92
t per share
I per
14
share
*13%
14%
"
40
381/a
38%
38
38
34%'
34%
35
35
35%
51%
51%
51%
51%
52
52%
<52%
36
35
351/2
34'%
34%
341/4
341/4
241/2
91
51/2
46%
46%
4%
47/a
4%
8Va
8%
9IV2
135
8%
5%
46
90"%
131
91
91%
131
133'/2
91%
913/4
131
Otis
Elevator
lo
common
Marine
&
134
20
260
6,900
53
800
34%
92
1,200
;
28% Feb
18
83% Feb
Owens-Illinois Glass
5%
EXCHANGE
47
53%
DAY
5%
47
%
non-cum
Lighting
Corp—
Pacific Mills
Jan
2*
Jan
96
90
93%
8%
8%
X8
72%
72%
74
74
■
16%
400-
Pan-American
800.
Panhandle East Pipe L com—No par
4% preferred
100
Panhandle Prod & Refining-—:—1
Paraffine Cos Inc common—No par
4$> convertible preferred
100
*89
8%
8i/a
94
60
8%;
73
♦97%
99%
*96
99%
*95
98%
96%
96%
97
21%
21%
21
21%
21
21%
21%
21%
21
213/a
40
40
40
40
40%
40
40
393/4
Inc
Park & Tilford Inc——
33 V8
33%
33V8
33%
5,800
29%
*29%
28%
29%
29%
*29%
30
29%
42%
5%
5%
17
24
Deo
43% Jan
18
36% Oct
47%
64% Sep
28% Oct
67% Jun
89% Feb
Feb
3% May 16
21% Jan 10
7
42
5%
.
7%
7
30
*
32,400
200'
7%
7%
7%
3,200
10%
10%
10%
*10%
11%
4,300
363/4
*35%
36%
363/4
363/4
42%
42%
43
42
43
100
3.400
Paramount
Pictures
8% Dec
6
No par
Penick & Ford
No par
Corp—
1
Coke Corp__
10
5%
5%
5%
5%
53/4
15%
15%
10,600
15%
15%
15%
15%
15%
15%
15%
153/8
1,000
Penn
19
19
18%
18%
18%
19
18%
19
18%
18%
2,900
Penn-Dixle
Coal &
Cement
Co
2
164
•
13
59% Oct 20
7% Feb 13
14% Feb
21
/
:
Deo
13
37% Jan
Dec
31
109
Mar 24
i,.
96% Dec
31
19% Dec
5
109
'
37
Sep
2
Dec
4
33% Dec
31
8
28% May 20
V:-; 7
.
Dec
29
! 8% May ly
32% Sep 11
38% May 27
5% Dec
26
7
Apr 15
13% May 19
7
July; 8
32% Jan
2
100
:
.
i
Apr
14% Jan
90%
110
Apr
May
39% July
82
4
62
6
3% Sep
35% Jan
H
Apr
27% Oct
9
14% Feb
Jun
56% Apr
:
,
Jan
34% Feb 21
Apr
ill
Deo
4% Deo
66
Sep
105% Oct
4% Jan
53 % Jan
43
Jun
12% Feb
Jan
?7
20% Apr
:
Oct
July 18
Nov 12
9% Feb
T
79% Feb ,18
34%
;
Mar
181% July
; 11% Feb
r
11% Deo
18
6% Jan 13
58% Jup to
.
160%
■
Oct;
5,
55
.90
48
18% Nov
5% Oct
13
May 13
48
122% Oct
8
40% Jan
13
;;
Park Utah Consolidated
Penney (J C) Co
Penn-Central Airlines
19
Feb
1
33%
Mines.—1
Parke Davis & Co—;
No par
Parker Rust Proof Co
;_2.50
Parmelee
Transportation
No par
Patino Mines & Enterprises
5
29%
42
46% Oct
129% Jan
5
25% July
86% Mar
Nov
168
4% Dec
19% Jan
12% Deo
49
11
;—1
1.100
33%
42%
30
6,700
33%
42
97
2%
2%
*35%
200
393/4'
2%
7%
76
2%
2%
10
*73%
9,600
2%
2%
33%
36%
& Transp—9
2%
2%
34%
10% Oct
1
17
30
•■v
( per share
62% Jan 11
26
Dec
Highest
share
Oct
131
common—100
52
*70
34
t per
Feb
'
*92
Lowest
Sep 24
x89% Dec
preferred
;
—100
Pacific Tin Consolidated Corp:
1
6%
Petrol
Apr
10
16
50% Nov 29
25% May 19
No par
Pacific Telep & Teleg
1,200
Jun
16
3
x337/s Dec
25
No par
450
5,500
100
80
May 28
50
No par
No par
51V2
73
♦33
share
9% May 19
10
common
16%
♦70
36%
I per share
10
9
Pacific Amer Fisheries Inc
preferred
35
111% May
Year 1946
Highest
I per
Par
2nd preferred non-cum
Pacific Gas & Electric
180% May
69% Nov
July 29
Feb
Range for Previous
Pan American Airways Corp——2%
♦36
Sep
Lowest '
57,800
7%
158
Jf»T»
Range for Year 1947
STOCK
9
ii
18
80
8%
7
163% Jan
Nov 28
NEW YEAR'S
10
39%
68
8%
8%
Oct
12.50
8%
96
26
Deo
8'/a
8%
18
Oct
8%
96
51% May
19%
8%
♦93
Deo
86%
Pacific. Western Oil Corp—
10
Packard Motor Car_
—No par
16%
25
"
4
EXCHANGE
Pacific Coast Co
Feb
Sep
8
Co
NEW YORK
120
X113
118
01
36.700
*16%
7
28 Vs Feb
5
STOCK '
Jan
Sep 30
May 19
107
7
Aug
4%
-
Jan
17%
0
30
64
2.50
270
134
Jun
xll9%
Feb
Dec
May
May
No nar
Mfg
Co
Pacific
36
Oct
99%
4
27% Dec
May 17
Jan
29% July
22% Jun
18% NOV
x7
24
100
preferred-
Outboard
112
10% Nov
19
Feb
No par
CLOSED
*52%
5%
Oppenheim Collins
July V i
149% Oct 24
19 Va May 15
A__100
47/8
5%
46%
16%
5%
preferred
6
4%
5%
46
53%
7%
common
4%
16%
11
(The)
Corp
9b
Jan
13% Feb
li%
93
7%
86
15%
Corp common
No par
convertible preferred
100
46%
52
7%
Sep
4%
16 7/8
10%
21
46%
53%
--
Dec 31
47/a
53%
2%
18
46%
*16%
-40
pfd—20
5%
17
*93
4%
5V8
54
8%
Feb
51/2
♦53
8
Elec
convertible
8%
1st
39'%
5%
16 %
700
12
71
34%
*133'/2
19%
37% NOV
Jun
23
38
'
12
*68%
41
136
108%
35% Dec
Shares
34%
93Va
136
4%%
Omnibus
Bales for
52
*34%
Oliver
Gas &
the Week
34%
•
30%
'H
14
STOCKS
71
34%
2,200
Jan. 2
13
*67 «/8
40
73%
9
111 % Fee
Apr
27
100
Co
Oklahoma
Outlet
Friday
Thursday
Jan. 1
71
34 %
1,500
22
31
21
8
preferred
Oil
6%
22%
Dec
91% Dec
No par
Edison Co common
4.40%
PRICES
♦67j/8
40
Ohio
Ohio
'.
.
733/4
*12
*51
2,100
155
*22
Dec. 31
14
32%
*84%
22% '
Wednesday
share
70
32%
154
SALE
Dec. 30
240
1,900
100
323/4
73%
2,500
97/a
fog
20%
22%
Tuesday
Dec. 29
Dec. 27
14
AND
26%
20
,
*84
73%
600
96
*93/a
100
*151
23%
86
18
96
9%
■i
86
270
26%
j
95%
32%
154
21%
26%
a
9%
32
*17
*.4
4,500
11,200
Nov
26
Oct
12
Oct
Apr
7% Jan.
48% May
35% Aug
•
22%
Jun
15% May 31
38 Vb Nov 20
11% Deo
48% Feb
11
40% Nov
57% Jun
15% Jan
4
>':
24% Jan
*12%
Deo
«
45%
Jan;
16%
Feb
16% Oct 20
6V« Oct
24% Feb 27
17y4 Sep
30% Jan
28% Feb
37% Aug
115% July
27% Jan
;'
,
♦31
♦108
33%
111
*31
*108
33%
111
*31
*108
18%
18%
17%
18
17%
17%
17%
47%
47%
47%
*46%
♦47
117%
117%
18%
117%
18%
118
18%
117
33%
♦31
18%
...
33
*31
*108
111
111
*110
18%
18%
17%
18
18%
47
46%
47
117
18%
5,500
18%
19%
72,300
*46%
46%
1,400
1163/4
280
116%
116%
116%
♦45%
48
45%
463/4
46%
■MlvV,
88%
873/4
88
87
871/4.
87
87%
11
871/2
11
11%
IIV4
11%
11 '/8
11%
i>»
23%
23%
233%
23%
23%
23%
23%
23%
23%
24
32%
32
32
31%
311/4
30%
31
?°%
29%
*95
100
*95%
99
99
♦32
♦97
11%
♦14%
55
102
*46
11%
*113%
15%
*14%
55
54
48
11 %
v*11/2
100
11%
12
*100
onry
88'
1,000
%
105
i,ou0
24,000
500
20
11%
11%
11%
1,100
15Vb
151/a
151/a
15%
15%
153/a
153/fl
500
54%
53%
553/4
55%
561/8
54%
54%
11%
11%
*11%
\
Corp com—No par
29
Sep 25
,36
Apr
16
X107
Dec
10
117
Jan
2u
18
Dec
6
22
Jan
6
20% Sep
15% Dec
5
267/s Feb
5
25
May 13
iiJan
b
5%
18%
♦87
•:
preferred—
——100
Light Co
No par
Pennsylvania RR—
50
Pennsylvania Salt Mfg Co com—10
3%% series A preferred
100
Penn Glass Sand
33
1111/2
'■
Power &
Penn
Dec
8
6
55 Wi Nov
21
43
Jan
68
5
101 Mi Feb
13
86% Nov
115
Feb
9
Pepsi-Cola Co_
Pet Milk
!—.—i——33 %c
Co common
37
1,900
46%
47
47%
47%
47%
48
7,200
53
52%
52%
521/4
52%
52%
53
260
Phelps-Dodge Corp
Philadelphia Co 6 % preferred
99
99
99
40
$6
preferred
May IP
Dec
5
Mav 13
1
(Chas) & Co Inc.—
99
*°8
22
99
99
98
ti
No par
2nd preferred
*52
98
111
—100
Petroleum Corp of America
5
Pfelffer Brewing Co—:
No par
4%%
53
For footnotes see page 24
Feb
Deo
81% Jun
99
47
47%
51%
45% Dec
Inc
♦52
46%
118% Sep
Sep
37% Nov
5
Peoples Drug Stores
♦97%
46%
38
Jan
Peoples G L & Coke. (Chic)':
100
Peoria & Eastern Ry Co——.—.-100
Pfizer
46%
V
110
Dec
31
«% Mav it
13% Jun
9
May 14
25
50
36% Apr
49% Dec
14
No par
97% Dec
24
4
n
2
34% July 25
Jan
4
108 Vs Jun
9
34
14
Oct
21% Sep
28 V« Sep
105% Sep
8%
Deo
May
Apr
51% Jan
40%
Jan
43% Mar
109
14%
Mar
AWT
12
Dec
22
18
Oct
8
13
Apr
10 %
62% Jan
2
35%
Jjtn
80
May
29% Sep
x48
51% Deo
Deo
76%
May
Jan
117%
Jan
48% Dec 22
59
Mar 20
109% Aug
5
107
Fob
.
it
Volume 167
THE
Number 4661
LOW
Satnrda*
<
22%
22%
*24%
i
share
per
233/4 '
22%
'23%
24%
111%
111%
111 3/i
95%
15
*'3%
34
*87%
14%
83
23%
23%
23%
25%
112
1113/4
33
15
/•/ 14%
.4
151%
3,500
NEW YEAR'S
33%
33%
335/a
873/4
£ 85%
85 %
25%
26
*87
90
83
-89
*80
90
85
85
oy
%
4
V
*881%
%
13
41%
*40
90
*83%
61%
62
62%
*123/4
13
14
101
101
101
110
*95
110
*13%
14%
13%
14%
*88
88%
88 %
88%
32
32
25%
25%
"1
pi 3/j
113
14%
14 Vb
900
14%
88%
*86%
315/a
31%
16
31%
16
89
31%
31%
•18
*16
17
*145
168
*145
163
*145
168 1
*145
163
*145
168
*160
* 165
*158
165
*158
165
*158-
155
133
163
38
39
*37%
38
38 Vt
38
9%, 3 9%
*14%
.9%
*135
89
88%
89
78
78%
78%
*141
149
33
33
10%
19%
10%
193/8
*133
"
148
32%:
*139
'
*89
34
10'%
-•:/
14 %
37
•'
12%
33%
33%
67%.
123/4
68'%
;
Ci21%
88 '%
34%
34%-
10%
33'%
69VL.
21
n
34-
34%
19%
19%
193i,
19%
19%
20
91%
91
7
92%
91%
13Vb
92%
;
10%
21%
*85
333/4
106
103
1U7
111
112%
112%
115
113%*
111%
52%
28%
28 3%
*106%
*26%
27 %
*24%
28%
*106%
26%
27%
*24
25
28
273/4
24%
53%
52
28%
/
233i
RR
100
96% Dec
par
10
Dec
18% Jan
2
Jan
36
Dec
102'%
96% Dec
31
22
1
10
Mar 29
Feb
Dec
17%
Nov
26% May*
Deo
31
30
16
Dec
Feb
31
169
July
202
May
Nov
210
Mar
Dec
7
Aug 22
197
Jan
203
2
200
1
30
Sep
48%
Jan
21
7%
Dec
14
143/4 Oct
Jan
15
9%
103
Oct
22%
140
13
10% May 19
171
May 15
17
10
Sep
Apr
1
200
1
22
23
28
•-
14% Jan
200
1
92
34%
28
:
.19
27
203/4
Sep
22
14%
Oct
11%
Nov
12% Dec
23
/
57
16
85% Dec
la
19% Dec
11
90
Dec
27
13
Feb
17
Jun
22
Oct
/ 38
71% Nov/'3
32% Jan>
31
50*/ii iway
Feb
43
May 20
15% May 17
No par
Nov
Nov
July
29% Aug
25
Oct
27% Feb
:
15 % Nov 21
9
May 17
33% Dec 22
_i
12%
Jan
;
31%
29
38
jun
May
200
Oct
Dec
19
Feb
90%
Nov
13
Feb
141
Nov
: 68% Dec
12% Oct
12
Jan
38% Oct
,
Oct
59
19% May 19 ;
/ 35% Oct
11% May 17
V 19% Oct
par'-
—No par
Oct
20% Dec
•
May 16
21 Y
Feb
42% Feb
Apr 22
Jan
106
10 '/4 Nov
May 19
8Ya May 19
10
preferred..,
15%
893/4
11
cum
Feb
May
Sep
xl6%
18
com
110
136
Oct
%
8
32% Dec
93% Oct
"Regular< Way"
Pep
123
10% Oct
102
22
No par
./Public Service Co of Colorado—20
j Pub Cerv Corp of N J com No par
2
102% Feb
•
1
38% Jan
21
:
Sep
17%
Feb
.
Deo
31
Feb
Apr
67
May
105% May
41
July
Nov
983/4
2
25% Feb
J
So
63%
71%
Oct
32
13
*
Deo
;
53
,
Oct
30%
Jun
6%
preferred
102% Dec
Sep
29
115%
Jan
108
7%
preferred
5
Aug
120% July 17
103
100
10o
111
29
Sep
126
130
8%
preferred!.
1143/4
Aug
9
119%
139% May
Jun
150
8
112
Nov
117%
Feb
Sep
69%
Jan
$5
,
]
preferred
No par
300
(The)
Jan
2
24
,
51% May 19
21 y4 May 19
Aug 18
146% July
114 % Feb
61 % Feb
3
29% Dec
23
109 % Jan
17
107
36% Feb
4
30
Mar 14
243/4 Dec
26
100
106 V4 Oct
6
—No par
24% Dec
3
—
111
7% May 19
<683/8 Dec 29
No par
common..
5% »conv preferred
Purity Bakeries Corp
Dec
110% Jun
No par
Inc
Pure Oil
1,400
127
No par
Pullman
/
.
100
Pub Serv Elec & Gas pfd $5
,
200
24%
41
Dec
/h 4'%.% preferred series A".__„..50
13,100
*
Dec
Sep
10
843/4 Sep
$4.75
150
.
16%
29%
»ob
27
16
No par
preferred class B
31
17 V* May 19
,
Co
1
165
Aug
1
163% Nov 17
J2Vk Apr 21
1
1
Glass
963/4
38% July 24
16
Co
Feb
ins
May lb
88
100
Plate
18
30% Apr 28
99 % Dec
4
No par
No
com
preferred
-
29
♦233/4
Jan
25
10
59 % May 17
-
4,600
106'/a
23%
73%
Jul
67
380
/
293/a
106%
28%
Feb
1 Publlcber Industries Inc com—5
1,170
52
29-b
106 34
28%
Louis
Procter St Gamble
920
;
111 %
28%
24
233/4
111%
29
Jan
Nov
49
*2
8
15
114
1,800
130%
112
108%
36
89
63 3/4 July 14
50% Mar 15
No par
Pressed Steel Car Co Inc
15,000
117
130%
52%
29
108
116
•
v
2,100
-■
108
129%
*111%
53
28%
*1063/4
103
128
112
52 '/8
52%
28%
108
*111%
112%
52
128
106%
Oct
Dec
Mar
100
54o
93
102 %
203/4
84
.
Zf/ 6,900
21%
92
<
1,400
333/4
20%
112%
Dec
July 25
Poor i& Ca class B_„^__.
;_No
Potomac Electric Power Co
.
2,800
/'
34%
103%
52%
87
93
102%
♦112%
21%
'
211%
111
127
69%
91
112
129
34
108% Aug
43
93
.
18,900'
14,209
10'/a
33%
20%
103
127
,k
13 3/s
33%
-
112
129
13%
900
2,000
;
10%
851%
103
129
11,700
14%
Dec
Sep
17
i—
'
693%,
/:
21%
-
85%
87%
90
,
143%
33%
68%
>/
21%
86
i
34
Jun
2a
,
500
;
Jan
112
Jan
81
Pittsburgh Young & Ash pfd—.100
.Pittston Co (The).——
_l
Plough Inc
5
Plymouth Oil Co.—_—
_5
Pond Greek Pocahontas.!
;_1
___
1,500
-
37
33%
14%
12%
33%
68%"
67 5/«
21%/
21/v/'.
87%
36%
331/4.'
14%
103/a
33%
r .
37%
33%
:,i
13%
.."10%
,
36%
Y
33%"
;i4%
14%
12*3/4.
10%
38
/* 33%
•
10%
34%
/
32'%
*10%
,33%/.
v.
.1,800
.
147
*32 y4
12%
89%
*139
10%
10%,
21%
147
203/4
32%
14%
•
*139
193/4
32%
36% ,■38
?
19%
71
Dec
Apr
100
Feb
5% preferred class A__
100
5%% 1st ser conv prior pfd—100
Pittsburgh & West Virginia
—100
120
-
Sep
101
No par
Pittsburgh Screw & Bolt
Pittsburgh Steel Co com
770
/
79
*10'%
33%
683%
19%
89
'"••77
10%
14%,
33%
*37%
79
33%
33%
68%
19%
148 i
■
88
33%
104'/a
109
preferred
7%
18
25
43% Jan
23
31
;
Pittsburgh
8,000
2,300
10 y8
36%
21
19 \
/
10
14%
*135
•
*77
78%
38%
373%
32%
14%
33%
*143%
10 %'
34%
12%
9%
14%
Jan
102
Dec
common
;
7%
2o
3,400
Feb
47
Dec
Dec
Pitts Ft Wayne & Chic Ry com—100
33
10%
33%
•10%
10%
87%
88%
*77.
V.:--
333/4
9%
14%
*135
88%
%
38%
14%
*135
77%:'
19%
1
10
13%
♦135
*19%
•
9%
14%
89
;
-
9%.
"14
14%
& St
convertible
New
100
19%
Dec
24
88
Pittsburgh Forgings Co
203
*16%
Oct
98 Vb Mar 11
5
Pitts Consolidation Coal
1,800
26%
*24%
C
July
May
89
35% Nov
30
5
34
122
11%
1P
Dec
Dec
30% May
Dec
Dec
85
No par
Pitts Coke fiz Chem Co
$5
27 %
116
20 Vb
Jan
85
2o
# per thare
Sep
100
Hosiery
Pitts C
40
18
21
5
preferred
Pillsbury Mills Inc
$4 preferred
50
14%
88 %
Ltd common
Dec
21
24%
.100
cumulative
Phoenix
600
*96
14
31%
34%!
3
preferred series A—10o
Phillips Petroleum
100
95
2
120% Aug 12
109% Aug 12
16% Oct 15
10% May 19
Highest
Sper share
29% Jan
22
__1
Lowest
27 >4 Jan
29
series
5%
—
103 '%
23 % Dec
ioo
preferred,,.
Phillips Jones Corp com
15,700
5
1113/4 Dec
preferred
3.60
100
42
34%.
96%
4°k
60
14
*102
33A%
Philip Mori is & Co
100
90
623/4
*13
883/4
*88%
%
'
61'%
34%
220
92
*40
1G3 %
2,100
2P/8 Dec
100
_
___
Phila & Reading Coal & Iron
Philco Com common
19,200
873/4
i*38%
14
96%
110
14
271%
873/4
90
*101
101%
*95
33 '%
87
*87
42
*34%
xl01%
DAY
63%
*13
34
33%
331/8
33%
41%
%
33 %
853/4
25%
/
25%
*88%
90
6i
14
■v
92
•
623%
-
151/a
25%
*
GO
33%
CLOSED
85
*85
101
15 34
15%
33
92
*96
preferred
Sper share
No par
preferred
3.8%
87%
PI
*13
4.4%
500
25%
*85
61%
230
95%
Year 1946
Highest
I perthare
No par
common
common
110'%
S5%
333/4
*85
preference
110%
25%
<>
*88%
STOCK
$1
EXCHANGE
95%
07%
26 %
*38%
112
Phila Electric Co
Range for Previous
Range for Year 1947
Lowest
par
1,100
95%
STOCK
EXCHANGE
5,700
25%
95%
(61)'
Shares
24%
„
25 ft
f per snare
23%
24
14%
I perthare
NEW YORK
the Week
24%
95%
14%
Jan. 2
233/4
1113/4
95%
37
*95%
share
per
Sales for
Friday
Jan. 1
25
*24 %
CHRONICLE
stocks
Thursday
Dec. 31
I
&- FINANCIAL
PRICES
Wednesday
thare
per
25
*110
.
s
SALE
HIGH
Dec. 30
Dec. 29
share
per
AND
Tuesday
Monday
d2c. 27
COMMERCIAL
Quaker State Oil Refining Corp__10
20
47%
193/4 Feb
28% May
115% Jun
38% Feb
Oct
r:
19%
Jan
Jan
Sep
Feb
25% Aug
R
9%
9%
♦68%
8
9%
*95
9%
683'g
68%
8%
8%
8%
3/a
97
£0%
93&
68%
69
8 Z4
95
94%
30%
31
32%
18%
30
31
:2%
33
33%
18%
30%
9%
9%
68%
*683/4
8%
8'%
8'/a
95%
*94'%
96
303/4
31
31
3034
30%
30%
34%
33%
345%
z"Y
)
19
193/4
41
*38
41
*37
38 3/4
37
35
*32%
35
*33
35%
333'a
33%
12%
12%
*100
13
12
12%
♦101
103
*12%
12%
.
18%'
*101
103
12%
12
12%
11%
103
Ralston Purina Co 3%%
30%
1,200
1,100
1,300
Rayonier
4,700
Reading Co
19%
/://
20 Vs
39
*32%
35
*12%
123/4
103
'101
13%
12%
25
*24%
10 3/4
12%
25
*24%
10%
*12%
13
13
24%
Real
28%
10 34
103/a
6234
63
13%
13%
•95%
2u
97
20%
'/8
Saturday
Dee. 21
ver
29%
*7%
;
6
25'%
10%
11
*11
ll'/4
30o
2,400
65
*63'/8
65'%
\v Y 3%
•
9% 'UOJy'v'
26%
/Y
105
*18'/a
3%
10
084
92%
9%
91%
.
91%
Jan. I Y
9%
102
92
102
23%
7
23%
23%
103
103
*S%
393/4
40%
•
f
104
18%
18%
92
9%
93/4
•40%
51
*43%
86
22%
22 %
18 »/8
lf'%
25.%
25% s-
5%
6
22%
173,4
18%
26%:
53/4
>
22%
.
18'/a
♦25
'.'■••
87
t•h*25
5%
53/4
NEW YEAR'S
DAY
18%
/'
*90%
7'% 1
7 Vb
16,600
104
19'%
Reynolds
40
9%
10
9%
40%
51
*50
87
51
87%
2234
88%
;
23%
18%
233%
18%
*25
5%
*49
VIVz
23
18%
26 '/4
40%
17%
26 y*
6%
5%
*24
6
"
88%
23%
/ 900
183/4
18%
18%
18%
13
20%
20%
21
21
*63
65
65
65
65
64%
64%
*17%
17%
>45-
.'•r 9%
:
17%
17%
-45%"
18
46
9%
8%
34%
4534
9%
35%
35%
'35%
*63
67
*63
*55
53
*55
8%
35
:
67
59
9%
2,500
9%
*55
9%
9%
*63
93/,
18
17%
46%
183%
18
46%
9%
9%
36>/4
36%
67
*63
59
*54
9%
9%
46
-
18
1.300
46
Ruppert
3,000
67
53
10
'—w
9%
82
81%
83
£'2
82
21%
20%
21%
20%
211/4
21%
21%
103%
108%
101%
1011/2
1083/4
108 %
3,600
31'%
25,400
*43%
44%
*31%
'93
*90%
•Pl%
13%
r%
*83%
£5%
♦107
109
9%
9%
30%
31%
44 %
441/4
92
92
90%
.
108
9
31%
-*44
90
90;
90
13%
1334
13%
85%
*81%
16%
16
16 72
46 %
47
173s
17%
41%
41%
x40%
41%
*6%
6%
6%
6%
For footnotes see page
24
280
14'%
"7,900
*81%
86
100
13'%
9,900
•
700
•'
17%
400
403/4
403%
1,400
*6%
6%
500
41
11
41%
r^l
41
63/8
6%
37%
37%
33
37'%
38
11%
11%
113/4
11%
11%
734
7%
7%
8
61/4
.
21,400
7,100
8
3,200
11%
11%
11%
12
*102%
29'%
104
102%
1021%
10,800
*102%
104
10
29%
29 V8
291/4
*283/4
29%
34%
35
34%
351,4
2,100
*34%
35
2,000
11%
.
273% May
Oct
20
Oct
May
AM
34% July
Year 1946
$ per share
A% May 19
3% Dec 26
/
9% Dec
30
22v2 May 19
101% Dec
30
Lowest
9% Jan
7
24%
3
Apr
Dec
17%
Feb
4
133/8
Oct
213/4
Feb
30% Feb
21
24%
Oct
40"%
Feb
107%
Oct
Dec
110
1
3
9
39
Jan
2
24%
Jan
28
105 %
Sep
9
May 29
85
Dec
19
26
IP/* Feb
9%
Oct
18% May
45%
136
Jan
7
12s/a
Nov
28%
Feb
4
36%
Sep
46%
Jun
50% Dec
11
43
Feb
6
100
Nov
104
Feb
14
23% May 16
5% Sep
9
18% Nov
7
203/4 Nov
193/4 Sep
255/« Feb
3
18%
Dec
31
31
Feb
3
10% Mar 31
19
50% July
108% Feb
Dec
38
.
Oct
25
20% May
Oct
44
Oct
13%
Feb
30%
Jun
6%
Apr
24
4
24% Oct
21
17
Oct
68% Oct
20
40%
Sep
65
17% Dec
9
26 % Feb
21
213/4
Oct
34%
40
9
55% Jan
5% May 19
66
Jun
Jun
123/4
42% May IP
18
Jan
16% Feb
16
10
8
•
Apr
31 ®/4 May
110% Jan
44% Feb
Apr
No par
100
•
Sep
124
133/4 Jan
j
118
Sep
Sep
May 27
May 19
45
5
18
97
6% Dec
36% May 20
1
7
Apr
19% Jun
90
10
2
7
• per thare
Nov
8% Feb
May 19
100
7%
15 s/b Feb
91
30
Highest
t per share
14
2
45
-
Sep
64
May
»
Jan
May
12% Jan
1
lls/a
Dec
12%
Dec
May 19
37% Dec
23
30%
Deo
33
Dec
Dec
68% Dec
11
22
Nov
Ry.
preferred
Co„100
57
Dec
26
Regis Paper Co common
1st pfd 4.40% series A
Safeway Stores common
—5
9
Jun
30
12
100
80
Dec
26
98% July 24
5
X20
Dec
5
100
108
Dec
30
5%
non-cum
—100
preferred
5
—1.75
Scott
Paper Co common
$3.40 cum preferred
No par
5%
preferred series A—
Seaboard Finance Co
Seaboard Oil Co of Del.
Seagrave Corp
92
Dec -22
90
5
$4.50
common
preferred
Shamrock Oil & Gas
Sharon Steel Corp
1
No par
.1
l
i
No par
26 %
July 17
114% Mar
4
11% Feb
8
653/4 Jail
2
49% Jan
1033/4 Sep
7
102% July
28
18'/a Jan
83% Dec
23
11% May ,19
98% Mar
34"% May
1103% Sep
93/4
116
Mar
Nov
18
Jan
.53
Nov
100
42
Oct
Aug
July
2
100--
Dec
9
953/4
Dec
61
T
110%
Jun
102% Nov
20
3
24s/8 Feb
13
Ffb
15
393/4 May 17
55
17% Dec
17%
Sep
37%
42
Sep
77%
Feb
0~cT
SOMi
Apr
Jan
193/8 Nov 24
23
Mar
19
8
5% May 17
No par
22
30
30% May 19
5
16
Oct
Dec
5
Co..;
Seiberling Rubber Co.
Servel Inc
100
60% Dec
13% Nov
No par
Sears Roebuck & Co
Refrigerator
7% May 19
23% May 17
40% Dec
3
pfd__100
common
cumulative preferred
100
Seaboard Air Line com 'v t c
No par
Seeger
19
No par
cum
(The)
3.35%
49'%
171/s
105"%
ioo
No par
(Jacob)
Scranton Elec Co
—
Apr
101
2
113% May 28
243/4 Feb 16
No par
Louis Southwestern
45%
Nov
Dec
15
$ per share
__1
c
Dec
14%
Jan
Highest
100
(The)
Scovlll Mfg Co 3.65%
16%
7%
35
90%
*13%
*47%
HVa
35
*90
14 >%
*17'%
8%
11%
90
86
17%
11 y2
103%
291/4
95
48
371%
11
*93
17%
11%
29
.16%
94
48
3634
*101%
*93.
r
26%
"3
74
I
33y8Oct
No par
Joseph Lead
5%
30o
13
8
,
Aug 11
No par
Savage Arms Corp..
Schenley Distillers Corp
16%
11%
11 '%
45
-
17%
37
28%
35% •'35Va
•4,100
47
11%
103 %
*44%
;
15%
36%
,
30%
220
47
*17%
63/8
37%
8
44%
9
84-
,
*81
17%
11%
44-%
85%
46%
28%
•4
9 1/4
31%
90%
rn
11%
*82
16%
*101%
44'4
,
93
*45%
83/8
9%
30%
9%
31%
93
*17%
*8
108%
100
St
210
93%
9%
31
A
No par
Preferred series A 5%_L
•
17,600
82
21 V'a
9%
10
Corp.
St L-San F Ry Co com v t
60
Nov
lo
St
21%
30%
102
96
24% Jan
50c
com
'
93/4
12
preferred
'
*82
17
2.50
Co
-
*56
Oct
100
5,900
St
Feb
IB3/*
Range for Previous
com
24,70o
50
112%
Dec
13
19
No par
10%
68
Nov
Sep
123/4
Range for Year 1947
com
37%
67//
29 % Feb
12% Dec
1
pfd series
9%
•r
20% May 21
Lowest
36 Va
9%
31
80
80
Co
15
99
14% Nov 26
84% Feb
Roan Antelope Copper Mines.
Ronson Art Metal Wks Inc
Ruberoid
1
11
17 3/s Feb
Inc
Metals
4
Oct
Apr
4
16% Feb
23
Royal Typewriter
500
*21%
:
■
700
18% Feb
108 % Mar
29
preferred
convertible
Oil
14
12% Dec
50c
Ritter Company
7,000
•
21
Apr
Oct
May 16
•'
Richfield
100
18
20%
31
9% May 17
96
11/
Dec
Preferred 3.60% series
Rheem Manufacturing Co
'?
Jan
STOCK
2,100
6'%
40%
.25
2,800
/
18 3%
25
36%
July 14
62
Common"
/•
jun
10% Dec
Reynolds Spring
Reynolds (R J) Tob class B
4,900
51
19%
*63
5'%%
7,400
41%
YORK
prior
Rexall Drug
...2,300
40%
53%
39
—100
preierred
36,300
65
65
5 % %
73%
10
6
No par
,
Revere Copper & Brass
210
24'%
20
*18%
a
conv
103'%
20
19%
6%
23 %
233/4
Nov
1
convertible
103%
•
Feb
33
__No par
common
Republic Steel Corp
j'4,800
92
20
20
$1
300
'
*18%
46
87
*100%
33%
5o
Sep
Sep
par
2,600
26 %
39
40
10
Republic Aviation Corp
Republic Pictures common;
11,300
10'%
Nov
16%
48% July 25
5
1
105
233/8
40%
/
85%
7 v
26%
32%
22'% July 25
31
EXCHANGE
5,300
27
May 17
Dec
common
STOCKS
NEW
*103%
233%
40%
*50
223/4
7%
,10
TOflFD
91
104
S34
40
£5%
b%
23%
104
9%
51
*50
23%
*103
10
/•••":••
7%
8TOCK
EXCHANGE
14
32% Dec
Feb
May
37
Inc
'■
Shares
3%
'
7 y«
7
I per share
7%
27'%
Motors
the Week
3%
.9%
:
I perthare
—
Reo
Sales for
Jan. 2
71%
25%
18 3/4
91
•
Friday
Thursday
3%
.
'
33
38'% Feb
Feb
49%
Sep
preferred
$4.50 preferred
___
1,400
'■
7%
:
3%:
•
1013/8
18%
PRlt£S
7%
:f
."
9%
19%
29%
Dec
17%
Co—
Remington-Rand
112%
32
50
Reliance Mfg Co common
Conv pfd 3'%% series
10,700
Dec
10
23
preferred
$1.25 div prior pfd
Reliable Stores Corp__.
240
973%
*29
1 per share
26%
101%
105
*96
Dec. 31
3%
*
143/s
29 %
Wednesday
7%
263/8
*18%
»
SALE
14
97
29%
share
3Va
Z
26% j:2
*101
1°%
92%
per
7'%
1434
*95
Dec. 30
share
per
14%
Tuesday
1
7 Y
3
*101
*24%
*62%
'
HlGtf
AND
Dec. ^9
73/4
26%
25
100%
Feb
Dec
50c
&
1
41
32
100
(Robt)
105% Mar
Jan
17% May 19
Reeves Bros Inc
100
29%
29'%
Monday
thare
3%
13%
25
97
*95%
13'%
Hosiery
16
96% Mar
28% Apr
28 3/» May 19
Preferred
___
3,000
*12%
14%
LOW
t
*1234
10 3%
62%
13%
98%
*96
10%
62%
13%
13%
Silk
Oct
50
2nd
Reis
24%
63
*62%
non-cum
19
Dec
15'%
1
25
1st
Nov
2
94% Dec
.100
common
non-cum
9
76%
15% Jan
No par
preferred/
4%
500
13
13%
pfd
7
4
26
1
common
4%
100
105
13
$2
200
Inc
1034 Feb
803/4 Feb
8'/4 Dec
No par
Raybestos Manhattan
30'%
*37
11%
No par
preferred
70
'
*12%
1st
conv
333/4
*101
13%
12%
$3.50
Radio-Keith-Orphcum..
95
30%
Radio Corp of America com
800
50,800
333/4
38 %
*32%
29,000
30'%
20
♦38
9%
70
8%
95
31 %
303/4
*33%
19
18%
9%
68 34
8%
♦94%
30%
*:o%
9%
69
11
Oct
6 % Dec
10
4
10% May 19
101
Dec
10
20% Apr
■
23~
43 % Dec
24
10% Feb
6
6%
Nov
17%
Feb
40% July 14
16% Feb
8
35%
Nov
49%
Apr
10%
Nov
233/4 May
22% July
16% Feb
11
16% Feb
3
110
13%
12%
Nov
Oct
lan
7
15
30% Dec
23
17%
Oct
243/4 May 19
40'/a Oct
20
23%
Oct
105
Dec
24%
Jan
113% May
32% Apr
40%
Feb
21
22.
Monday, January 5,1948
FINANCIAL CHRONICLE
&
COMMERCIAL
THE
(62)
V f
LOW
Dec. 29
Dec. 27
23 V2
23%
70
«9 per thare
*71%
1,600
23 %
23
•■■••"•V
''/■
Range for Year 1947
Lowest
Highest
.
.•••,■/; ■;/
EXCHANGE
Shares
9 per share
I per share
STOCK
NEW YORK
,1
the Week
Jan. 2
L
23%
23%
23%
23%
71%
23 %
23 Va
70
Jan.
Sales for
Friday
Thursday
,
Dec. 31
9 per share
9 per thare
9 per thare
Wednesday
Dec. 30
'• /
15%
15%
15%
15
15
15%
STOCK
15 Va
12 '/2
12%
12%
12%
12%
12%
12%
EXCHANGE
12 Va
12 Va
1,000
35
34
34%
33
337/8,
33%
34%
Toowp
*33%
34%
35%
5,100
6%
7%
6%
6%
5,100
Sheraton
5,000
Silver King
4,600
Simmons
7%
6%
6%
5%
6 %
5%
32%
32%
32%
32%
32%
115
21
*21
21%
*20%
*58%
60
*58
60
*34%
36
35
36
*85
Y
33,300
2,100
115
21
21
300
57%
58
600
1,100
36%
*35
36%
10
*85%
89
87%
87%
*85%
89
*86
90
89
24 %
*23 %
24%
23%
23%
237/8
23%
*237/8
24%
900
24%
16 7/8
17
17
17%
17%
17 %
17%
32,400
17
4%
4%
4%
4%
5,300
*4%
16%
4%
4%
4%
4%
17
4%
$3.50 conv pref series A
Shattuck (Prank G)—
5
Coalition Mines—
Co_
Sinclair Oil
.——No par
.—
No par
O)' Corp_'_
(A
Smith (A) & Sons Carpet Co
65
15
-
1
1,800
South Carolina E & G Co corn—7.50
15%
16
15%
16
16%
16%
2,200
Southeastern
15'/8
15%
42%
42 y2
42%
43
42 %
42%
42 Va
42 %
2,200
South Porto Rico Sugar com__No par
427/s
*41%
42%
*41%
42%
42%
42%
41%
41%
27%
27
27%
x27 %
27%
27%
27'/a
27%
27%
27%
23 %
23%
23%
23%
24%
24%
23%
23%
24
23%
48%
49 %
48
48 %
48%
49%'
49%
50%
49 %
39 y4
38%
39
38%
39%
39%
40 %
39
39
*61
62%
60%
61
*70%
75
*70%
75
42%
.
6%
*42%
45
*43
60%
*70%
6Va
45%
5%
200
42
*41
Southern Natural ,Gas
19,100
10,700
Southern
62%
64
1,400
72
72
72
50
16%
16%
16%
16'/a
16%
167/„
♦16%
17
1,300
16%
4%
4'/a
4%
4%
4%
*4%
4,300
4%
4%
5
4%
7%
6%
7
6%
7%
*29
29%
29%
29
29%
,21
21
20%
21%
20%
21
9%
9%
68%
9%
a
29%
29
29%
800
20%
75
9 V
21
21
21
69
68%
69%
68%
18,
18 %
18%
18%
18 Vs
18%
18%
18%
28
9R
27%
29 / : •
♦1001/4
28%
100%
100%
25%
25%
25%
26 Va
*84%
86%
83
84 Va
21%
21
28%.
28%
101
101
'
21%
•
101%
60
267/8
26%
26%
9,000
83
83 7/a
83 %
84
84
21
227/8
21%
89%
98%
98
62
62%
62
62 Va
61%
42%
427/8
; : 42%
43
42 Va
42%
78
78%
78
78%
78%
79
28
27%
28
27%
27 7/a
95
*93%
43
79
79%
78%
78'/a
13,400
Standard
Oil of New Jersey—;
27%
28
27%
28%
8,900
Standard
Oil
95%
94 %
941/4
95
14%
147/a
14%
43%
42%
42
42
*41
*42%
42%
*40%
42
42
40%
40%
r40 %
300
14%
15%
7,100
41
43
95/
41
13%
13%
13%
37%
37%
38%
38%
91
91
91
31%
*89
Standard
Steel
Starrett Co
common___l
preferred..'—__50
No par
L S..___
(The)
100
31%
32
2,400
14%
14%
141%;:
14%
14%
Scewart-Warner
14%
3,300
14%
14
14%
18
17%
18
17 7/8
4,600
19%
19%
*19%
20
19%
19%
19%
19%
20
11% J12
11%
11%
11%
31%
17%
*19%
' 21
tf
10%
10%
:
57
57
117%
116
116
*98
56%
*56
58
117%
*116
105
*98
55%
*116
*97 ;
105
*97 '
1137/8
114
114
4,200
& Webster..—1—.No par
Chemical
Corp common
2,000
58
110
114
Sun Oil Co
Class
A
pfd
(4%%
11%
11%
11%
11%
38%
38%
37%
38%
377/8
2,400
Sunshine
38%
377/8
38
10%
11
10%
10%
5,600
191/4
19%
19%
4,900
11
11
10%
11
10%
19
♦19
18%
19%
19
19%
*156
165
*42
18
156
160
1,300
1591/4
*16%
17%
*17
18
500
*43%
44%
600
18%
*17
18%
16%
18%
Sweets Co of America
*17
Swift
11,600
6
16%
16%
16%
16%
17
60
60%
22
59 Va
60
59%
597/8
21%
23%
23
24
21%
55 7/a
'
55 V2
55%
47%
48
14%
*19%
19%
14%
*43
44
*13%
14
*9%
97/a
47
*46
9%
9%
*23%
23%
*10Va
11
.
STOCK
4Va
4Va
177/a
177/a
EXCHANGE
56
33%
33%
33%
49
48%
.
■
48%
''.
'
V
34
14%
14
19%
19%
4%
1,300
1,100
.
.
Texas Co
Texas
Gulf
1,300
Texas
46%
5,900
Texas
333/4
3,700
Texas
49
49
1,000
Texas &
14
14
14%
8,100
Textron
19'/4
19%
19%
19%
1,000
1,600
"'
V'l'
/.
1
13%
13%
14%
14
14
41%
42
42%
42%
220
13»/a
13Va
13%
13%
9%
9%
9%
*45
45
May 17
May 17
136%
Apr
Feb
19
78
Oct
Feb
149%
Apr
42%
37
Feb
1,000
Third
233/,
233/4
1,100
Thomas Steel Co
•10 Va
46%
46%
x45%
453/8
46%
86
86 Va
*84
86%
85
85%
37/8
9%
11
46 Va
*26
'120
*9%
47
4Va
1,400
233/4
10 Va
26%
37/a
3%
26%
24%
23%
231/2
23%
23%
23%
96
96
94
95
r95%
95%
95%
18%
187/s
19%
500
18,200
Tide Water Associated Oil com—lo
95%
■
V'/ v'..
!■■'•
24
96%
320
$3.75
19%
19%
1,900
Timken
513/4
513/4
1,500
Timken
19 Va
51%
51%
51%
52Va
52
52
13
131/4
12%
13
12 7/a
13
13
13
13%
5,300
167/8
16%
17 Va
17
17%
4,200
17
17
17
6%
103
"101
16 Va
16 Va
*16%
17%
*16%
61/4
6 V2
6'A
♦101
*101
103
6%
6%
*101
103
*14%
15
14%
147/8
14%
22
21%
22
21%
*35
36
35
*34%
*93%
94 Va
94
94
7%
93
•
7Va
6%
■
;
.
'
Y/
.
—
!'\j!
6%
6%
*
104
•101%
103 Va
100
17
*16%
8,500
■
14%
14%
14%
1,200
21%
21%
21%
22%
30,100
343/4
21%
35
34%
34%
35
400
95
600
14%
147/a
217/a
7%
7
47
Oct
14
May 20
18
Jan
10
18
26
49
Jan
Feb
Nov
56
Jun
37
Feb
25
37%
11
49
Oct
Sep
53%
Jun
26% Aug
2
2
16%
Oct
41 Va
Jan
104% Mar
5
102%
Oct
109% Aug
36'/a Oct
15
..
May
63
19% Feb
7
13%
Oct
26% May
8
V 20%
Dec
39% May
3
21
Jan
23
Feb
,
Feb
3
14%
Oct
23%
Apr
r
18%
Oct
38% July
35
.
..
93%
*92
7Va
7
96
7%
■[■
■
■.
*90
^"A
;A
7%
.
.
7V8
2,000
7Va
7%
30%
30 Va
31%* 31%
30%
30%
30%
31
14
14%
14Va
14%
14%
14%
14
14%
14
14%
1,600
12
*11%
11%
12
12
12
12
12%
12
500
12%
51%
51%
51
51%
50%
51
50%
51
51%
51%
10%
10%
10%
10%
10%
10%
.
'1
,
'
.
*30%
31%
300
«
1
25
(The)—
(J R)
2,100
52
6 Va
Jan
11
24% Oct
50c
4%
170
13
17 »/a
July
30
108%
Dec
21% Jan
100
Products com.
No par
4%
preferred—".:
——100
Thompson-Starrett Co com—No par
$3.50 cum preferred../
No par
51%
*16%
100%
29
17% FeD
78% May
Nov
20% Mar
317/8 Ausr 19
JC—
49% May
17
25% Feb
19
19
28
26
31
11
11
15% Feb
3
12%
17
103%
Sep
75% Mar 24
61%
24 V* May
Nov
109 Va Apr
Sep
Apr
Oct
Oct
125
117
21
12% Sep
18
7%
45% Jan
2
110
May
Jun
"78%
124% Aug
14
May
Dec
Jan
38
Mar
Apr
May
23
19% Nov
24% Feb
47
160
Oct
102
Dec
160
55 y4
Apr
Aug
7%
7
10% Feb
Feb
109% Aug
Nov
101
104% Mar 11
Nov
Jan
16 74
Nov
Previous
Year 1S>46
Lowest
/
9 per share
9 per ehare
Highest
9 per share
/
preferred
Detroit
Axle..'
No par
5
_
Corp
Jan
9
6%
Dec
13
Jan
15
14%
Sep
25%
Jun
52
Feb
68 V* Aug
14
17
Feb
687/s July 28
9% Mar
July
18
.
Dec
30
58% Nov
21
46%
19
21
Sep
Oct
60%
47% Dec
34% Dec
22
14 Va
Oct
26% May
58% Feb
18
Sep
65
May
13% Dec 31
18% Dec 31
12% Dec
5
41 ; Dec 30
12
May 19
9% May 19
45
Dec 30
6% Aug 21
16% Jan
4*
10
Sep 15
38
May 19
85
Dec 31
3% May 17
20
May 19
15% Dec
22
19 7/a Dec
22 v
18
Sep
24
18
94
Dec 29
No par
2
Air Inc.
5
Transue & Williams Steel
No par
Transcont'l & Western
35
Jun
32%
Jun
18
13% Sep
59 Va Feb
13
47
Sep
61% July
17% Feb
13
15
Sep
30 y4 May
13 7/a Feb
13
10
60% Feb
15
48
Sep
Oct
70
Feb
14 7/a Feb
5
Oct
20%
Jun
16
Dec
18 y«
Nov
14%
Oct
21 Va Feb
24% Oct
21
16% Feb
11
59 Va Jan
30
106
Mar 10
7% Feb
3
39% Feb
1
9%
38%
102
5Va
32
17%
Feb
21% May
Oct
69%
Jun
Oct
112%
Jun
Oct
13 %
Jan
Oct
68
Jan
24%
Apr
25% Oct 20
17% NOV
108% Feb
24
99%
Nov
21% Feb
4
16 Va
Oct
26%
Jun
53% Oct 20
38%
Oct
66 V*
Jan
3
6
13 Va
Oct
2iy« May
May 19
15% May 19
May 13
May 17
May 17
May 13
Tri-Continental Corp common
1
May 19
$6 preferred
No par
99
Dec
5
Truax-Traer Corp new
No par
12% Dec
5
20th Century Fox Film corn..No par
21% Dec 29
$1.50 preferred
-No par A -;34% Aug 21
$4.50 prior preferred
No par • 1 93
Dec. 30
Twin City Rap Transit com_.No par •.*
7
Dec 31
5% conv prior preferred
50
30
Nov 20
Twin Coach CO—
1
9% May 19
Bearing
Roller
tTransamerica
19% May
11%
7% Jan
20 Va Aug
21% Jan 13
15% Jan 16
41
Jan 13
Thompson
233/4
19%
16
61%
July 24
80
105
•
59% Aug
19
J3
1
27%
*26%
96 %
19%
Thompson
18 74
16%
44% July 21
May 16
37/t May 16
13% May 20
53% Sep 26
10% Jan 13
46% May 27
Transit Corp_.No. par
Avenue
200
88
*4
27
23%
16%
July 24
63
10
„
1,200
11
46%
*85%
4
27Va
23%
*18 '/a
125
Dec
17
—
common
1,000
23%
23%
11
Ino
93/4
*10%
23Va
—
Pacific Ry Ca__
14%
10Va
23%
37/a
Apr
Oct
conv
46%
23%
9Va
9%
26%
May
37% Jan
102
| per ehara
preferred—/...No par
Thatcher Glass Mfg Co common—5
$2.40 conv preferred—
No par
The Fair
—No par
Thermoid Co common.
.1
$2% div conv preferred
...50
$1.25
93/4
9%
9%
-
Producing./.
♦45%
*13%
9%
46
9%
9%
(The).
Gulf Sulphur
13%
42
4%
Mar
24%
70
No par
Pacific Coal & Oil—.
10
Pacific Land Trust—!--.
1
13%
45
;
18,500
41
9%
Corp.—
14,900
13%
26 Va
May
116
18
5
5
25
56%
18%
'
:
23
43%
13%
Tennessee
Corp
60
13%
46
Telautograph
173/4
*42 Va
Va
55
Oct
114% Feb
9
(James)
Talcott Inc
14%
*47%
47%
700
33%
34
26 Va
Feb
80% May
Par,
46%
DAY
561/8
46%
*10Va
Sep
33%
107%
Range for
593/4
NEW YEAR'S
23%
46%
9%
15%
2
Range for Year 1947
Lowest
Highest
56
60'/a
46%
13%
5
99 Va
EXCHANGE
22
59%
23
44%
46
18% Feb
45% Jan
109% Apr
55
1
Corp
17%
A
55%
■
!
103/4
*4Va
rrixrtrr
86
*82
4
10%
47%
47
*10%
10%
44%
19%
Sep
Oct
—
Sharet
I per thare
4Va
4
55%
14 Va
Nov
84%
112% Feb-11
8
10
14 y8
.
10%
33Va
\
1
*13%
:
;
56
r47Va
14%
Apr
7
4
T
*10%
43%
447/8 - 44%
34
337/8
Jan
39'/a
17% Feb
90 % Feb
STOCKS
9 perehare
17% ;•
40%
Dec
/ NEW YORK STOCK
the Week
Jan. 2
Jan. 1
I per thare
41/4
Gould
Symington
Sales for
Friday
Thursday
Wednesday
4Va
Dec
Feb
6
4%
24% Oct
Jan
•80
11
July
Sep
18 Va
13
31% July 14
41
81
*4%
104
92
15
93% Jan
Jan
36 V*
20%
19 %
May
19%
797/8
10%
27
25% Nov
20%
*10 Va
137%
Nov
2
84
*
Oct
11%
13
20%
^
5%
7
28% Feb
82
Dec. 31
8
27% Jan
19%
BALE PRICES
Apr
7% Feb
31
83%
Dec. 30
Feb
30%
16% Noy
4
20% Dec
20
f per thare
96
18% Dec
6
797/8 Dec 31
5% May 19
Swift International Ltd
thare
Oct
Nov
Sylvania Elcc Prod Inc com..No par
$4 preferred—
No par
Dec. 29
Jun '
73
41%
5,000
I per
Jun
90%
Sep
10,400
Dec. 27
65
Oct
Sep
21%
f per thare
Sep
64%
13%
35%
Tuesday
Jun
33
31
21
Monday
70
31
34%
Saturday
33% May
Oct
28
21
5%
397/„ July
Jan
21% Oct
357/a
6
Sep
22%
38%
377/i Jan
20%
HIGH
30
9
34%
AND
Feb
2
21%
5%
Dec
59%
30% Jun
35%
LOW
Nov
22%
14% Jan
20 7%
57/8
83
Dec
Sep
25
35%
5%
Dec
20%
48%
(The >—4.16%
& Co
21%
57/a
62%
Jun
21
35%
5'/a
Nov
8% May
56% Aug
431/2
290
9
35% May
*43%
6,400
Dec
24
*17%
6-/
Sep
7%
Oct
159%
83
4%
Oct
43
20%
May
18%
Sep
18
20%
July
48
17%
160
'
108
Oct
10%
21 Va
19%
Dec
Sep
13 %
42%
35%
82
99
29%
24% Oct
21
19%
35% May
17% May 20
101 % Jan 13
13
May 19
36
May 19
35 Va
86
Nov
Superheater Co (The)
;—_No par
Superior Oil of California.—__.25
Superior Steel Corp
—.50
Sutherland Paper Co
—10
20'/a
19%
Jan
35%
13% Mar
35
*81
91
8% May 19
17%
♦
Oct
327/8 May 27
42
158
Feb
20
28
30
6
42
_10c
....
Co..
18
42
Jun
27Va
12.50
Biscuits Inc
18
*17%
42%
*16%
xl8%
14,400
42
165
*156
18%
18
1
Sunshine Mining
10%
Jan
65 Va
Sep
;
20%
May
10% May
July
May
Dec
7% Jan
cum>——.100
Oil Corp
Sunray
11%
11%
11%
11%
11%
38%
11%
*38
20%
Jan
14'
15
34%
105
51
114
:
..No par
common
Oct
54
22
98%
16
1
1
(The)
Studebaker Corp
Sun
1
—.20
prior preferred
5%
Stone
Jun
May
10% May 19
..5
Corp..——
61
Feb
56 '/a
Jan
2
Dec
Dec
Nov
May
14% May
19% Jun
$C50 series A preferred——No par
105
57%
57%
57%
11,200
10%
lt>%
10 7/a
105
4,800
21%
W/a
21%
10%
10%
*98
105
1|%
21%
21%
10%
10%
io%
.
X21
21%
20%
21%.
117/8
11%
800
12
(J P) & Co Inc..
Nov
38%
8
34
88
30%
13%
Stokley-Van Camp Inc common
17%
17%
17%
18
17%
31%
33
Jun
Aug 14
1?
15
31%
Stevens
31%
32
31%
'
-
j
Sterchi Bros Stores Inc..——1
Sterling Drug Inc common——5
3%%
preferred———
100
14%
14%
14% Jan
17
19
19
13
8
19
19
30
ly
41% Jun
3
37
May 17
u
1,100
! 5,300
137/a
♦89
;•
Spring
convertible
31%
,/
-
preferred series A—_—100
3%%
4%
25
common.—10
39
*13%
37
91
500
Ohio
of
17% July
Oct
207/s Feb
Mar 11
May 19
63
Mar 17
23% Jan .- 3
94
Dec 18
107/8 May 19
—25
92
13%
367/8
36%
400
41
41
401/4
13%
*89
91
.
43%
Dec
367/e Jan
81
89
50%
37%
California..No par
of
427/8
14%
36 7%
Oil
Standard
Standard Oil of Indiana—
14%
36%
$7 prior preferred.
Feb
5%
17'/a May 16
—.No par
—No par
$6 prior preferred
;
23% Dec
4
83
Dec 29
No par
pref—No par
Standard G & E Co $4
7,900
14 %
*88%
No par
com.—No par
8,800
14%
13%
Inc
preferred
62%
95%
*40%
Brands
$3.50 cum
43
/
.
preferred.—!!_—!_.
$4
Standard
42%
14%
•
2,300
5
common—„1
& Sons
62%
*94%
13%
900
93
(E R)
62%
62%
62
*93%
13%
14,700
102'/a
♦101
100%
100
100
700
22%
*90
93
*91
91%
90
97%
*27%
Squibb
101%
21%
No par
preferred
$4.50
Square D Cc—„„——
21%
*89
Conv
280
83%
99%
91
...—:_1 :•••••
common——!!__!——.2
Spiegel Inc
4,400
26%
227/8
1
Kellogg & Sons.
Sperry Corp (The)!!—
Spencer
3,200
*100%
100%
26
99%
,*89
6,800
27
100%
15
May
4% May
6
May
73
Dec
237/a Sep
16% May
8
May
68 % Dec
13% May
27
Nov
99
Nov
Spear .& Co common—.————1
$5.50
preferred—
—No par
18 Va
•
■
Spalding (A G) & Bros Inc
1
Sparks Withington——No par A
291/4
291/4
'68%
Railway
non-cum
69%
♦68
69
*68%
22
July 29
34% Apr 19
28
May 19
57% May 19
68
Nov 10
_
14,600
9%
9%
9%
>-Y9
9%
•73
75
*18%
28%
900
,
747/8~-
29%
*73
75
*73
*29
9%
77/8
*7%
7%
7%
6%
*73
75
common..No par
preferred—
100
Mobile & Ohio stock tr ctfs—100
5%
/Dec 24
27
7.50
Co
27%
} 8 v
56
Jan 18
42% Dec 30
34% Jan
7
28% Feb 4
50% Dec 24
50% Jan 2
77
Feb 8
81
Aug 26
40% Nov 29
Pacific Co.—.——.No oar
Southern
41
,
—25
—
39% May
/< 91 Va May
26% Apr
Sep';.
10
54% Apr
22% Jan
147/8 May 28
37 % May 19
Edison_Y—.25
California
Southern
1,500
'
16%
*73
preferred (new)
8%
51
'
Greyhound
1
17%
8
7
51 " Feb 21
18% Dec 31
-117% Dec 26
Nov 26
42
50
Lines/—5
preferred
3,800
.
62
*70%
t
75
46
61
61%
,
*6
•43
6'/8
6
45%
6
6 Va
6
*42
46
15%
_
Jan
'77
6% Feb
41
Jan
22
Jan_;
23
6
18
22
Feb
35% Dec 26
0% Feb 17
20
23
Oct
20 .,/
62% Oct
19
39% Oct
30
102% Jun
24
15% Jan
13% Mar 14
17% Dec
3% May 20
5V4 Feb
5% Oct
6
8% Jan
Smith & Corona Typewriter
15%
6%
*6
*41
.
19 '
14
19
S ner share
$ per share
19
21% Feb
-
May
May
29% May
87% Dec
23 % Dec
;s
_10
com„20
Socony Vacuum Oil Co Inc——:
South Amer Gold & Platinum
;
15
38
20
preferred—100
No par
cumulative
3%%
19
May 19
Mar 15
14
Corp.—No par
15
Skelly Oil Co.,
—
—
Sloss-Sheffield Steel & Iron—
Smith
May
A 6% May
4
Apr
27 Va May
39
Apr
America-/——1
Corp of
Simonds Saw & Steel
'
59
36%
„
x\y
21%
*58
357/a
35
Y •
18%
18
114
114
21%
59
59
■
44 !
18%
177%
rll4
22
*21%
57/a
33%
*42%
44
*42%
17%
115
5%
33%
DAY
34
33
44%.
17%
114
114%
116
NEW YEAR'S
5%
5%
5%
33
*427/a
17%
17%
17%
17%
116
44
*42%
44
*421/2
1,500
15%
'
7
7
6 7/8
6%
6%
15
33% Jan
82
Feb
May 19
Dec 27/
Dec 11
Dec 16 /;
18
Sharpe St Dohme- common__lNo par
*12%
*15
100
74
*71%
74
*71%
74
Highest
Lowest
$ per share
$ per share
,"'vPar
v
No par / 70
No par
14%
Sheaffer (W A) Pen Co———-—1
11%
Shell Union Oil—-—1524%
*71
Range for Previous
Year 1946
STOCKS
PRICES
SALE
HIGH
AND
Tuesday
Monday
Saturday'
S<HP }#•.
RECORD
STOCK
YORK
NEW
40%
10%
13%
14
5%
15% Jan
227/b Jan
20% Nov 24
7% Feb
7 !
112% Feb
20
15% Nov
18% Dec
14
57/a
105
112
71
Dec
33%
Oct
12%
Sep
114
Feb
Jan
Feb
Jan
Mar
24
38% Jan
48
Jan
Oct
6 •'/'
37%
6
46% Nor
104
Jun 27%! 102.%
•16
Feb; It... .11%
51% Feb 18
: 43%
11%
17% Oct 14
-
Dec
63% May
79
106%
May
Jan
Oct
24
Apr
Dec
71%
Apr
Nov-i
26% Jan
U
34%
33%
'
10%
33%
34
34%
34%
33%
100%
100%
100%
101
100%
102%
103
106
106
105%
*89
95
*87
*851/4
26%
105
95
105%
105
*89
95
877/8
*85%
87
105%
26%
159
159
*101%
*33 7/a
102
34%
26%
26%
158%
159
85%
26%
*160
*89
85
85%
337/8
33%
103 %
100%
105%
106
106
*89
86%
*85
26%
33%
33%
33%
Preferred
33%
1,300
No par
No par
pfd $4.50 ser_.No par
$3.70 series
No par
Preferred
$3.50
series.
Union PaciUc RR Co common
600
5
Un El Co of Mo
Union Oil of California
101%
.
140
Bag & Paper
Carbide & Carbon
2,100
165
101%
34%
Union
Union
6,600
164
33%
3,600
Corp
26%
267/s
101%
337/a
2,100
Union Asbestos & Rubber Co
5,900
1
No par
Underwood
130
164 %
33%
(The)
86%
26%
101%
Corp
1,600
94
94
33%
102
101%
101%
11%
162%
26%
101%
24
11%
162
*101%
For footnotes see page
10%
Udylite
4%
Union
non-cum
Tank
preferred
Car
No par
12% July
2
43% May 19
9 Va May
17
25% May 19
89% Jan 15
105
Dec
29
? 15%
July 23
58 Va Feb
15% Jan
49
Sep
80% May
12
Nov
23% Apr
16
23
Jan
39
May
110% July 11
88
Sep
125
Apr
Mar 31
111
Jun
115%
30
6
106
Feb
111
Oct
96
Deo
107%
Jun
20%
Nov
37% Oct
115
91% Dec
15
106% Sep
Dec
31
104
85
7
25
27
Jun
Dec
23
_25
20
Apr
100
120
Apr
14
15
164% Dec
31
110
9 7 7/a Nov
14
111
Feb
26
102%
38% Feb
10
—100
No par
30
May 21
32
29
Jan
May
Feb
Oct
168%
Oct
120% Mar
Sep
42 Vi
Jan
THE
Number 4661
Volume 167
COMMERCIAL
&
FINANCIAL CHRONICLE
(63)
NEW
Saturdav
Monday
share
per
23 %
23%
23%
*105%
106%
105 %
t
24
23%
$ per share
■23%
23%
106%
*105%
15%
16%
15%
16
79
80%
79
80
*21%
22
33%
*21 %
34
33
22
33
*30%
4%
*51%
2%
2%
21%
50
51%
51%
2%
42%
42%
6%
68%
19
42%
69
18%
19
*39%
6%
40%
2%
42
70%
18%
18%
39%
39%
41%
39%
19
1,000
•
DAY
'
*42
19 Ve
19 y8
19%
39 %
39%
39%
40%-
53%
53%
54
53%
54%
54%
54%
54%
20%
20%
20%
20%
21
16%
16%
16
16%
16
16%
16%
*14%
:
15
20%
21
*93
14%
94%
'18%
105
*170%
40%
14
71%
40%
21%
*9%
9%
51
51
93
44%
'
95
45
134
*" 134%
42%
-
43
67%
:
'19%
19%
>
*39
■
9%
5%
*34
20%
58
15
67%;.
19%
38
9%
9%
96%
5%
.96%
9%
*94
5%
x33%
4%
;)•'■ 13%
56%
>>
4%
23
60
14%
15
14%
14%
45%
*44 %
13%
13
13%
12%
13%
28%
28%
28%
28
29
14%
88
*83%
88
*83%
90
90
*85
90
*85
90
*85
90
48%
*47
48%
48%
*47%
48%
'85
90
*85
90
*85
95
*85
95
*9%
14%
*108
9%
109%
15%
9%
.
9%
9%
9%
*105 %
108%
14%
15%
109%
109%
*34
120
35
32%
35
*32%
34%
32
*34
Dec. 27^
*63%
14%
31%
*100%
4 21%
97/8
11
>
"21%
:
97/8
11%
90%
12%
*32
*34
*32%
12%
HIGH
:>■•
Dec. 30
*63
64%
14%
31%
101
100%
21%
21%
97/e
9%
11
■90
10%
*90
12%
32
51
52%
100%
21%
*31%
126'/a
130%
*100%
"■'-
21%
10
.10%
11%'
12
*90
12%
91%
12%
32
51
>•'
;'■
127
■•■_
127
127
127
20%
20%
18%
'20%
20%
30%
30
5%
5%
49%
48%
*85%
86%
85%
85%
*85%
23%
23%
105
22%
233/4
22%
115
*103
"•:>
106%
/
44
105
6%
'40
6%
8%
*28%
;
128
20%
36
*94%
94%
*31%
32%
*41%
43
84%
*75
>
90%
:
84%
80
105
6%:
*41% >42%
84%
76
*102
6%
6 3/8
40%
40 3/a
105
:
40 7%
1,300
22
Sep
17
Feb
7
41
Sep
18%
7
10
23% Dec
19
Feb
11% Feb
Jan
128
*
11% July
54
July
11
192
27% Feb
Dec
22
7
Mar
Deo
8
187
May
26
29% Feb
3
25
Nov
30
91% Feb
13
77%
Dec
7
17%
Apr
200%
Apr
49'/a
Jan
101
Apr
NOV
39
18% Feb
15
15%
Oct
25%
Apr
Dec
24
35
NOV
58 %
Apr
20% Jan
2
15%
Sep
Jun
Feb
6
30
26%
51 %
94% Feb
20
83%
Oct
113
Jan 13
91%
Nov
115
Feb
53
May
26% Dec
84
6
Nov
39
25
85% Nov
19
94
35% May 19
95
Dec
50% Nov 22
31
Dec
18
97% Oct
85
31% Dec
Sep
100
Dec
Feb
Apr
May
108'/a Aug
21
10% Nov
19
5%
Deo
12%
Nov
19
63%
Sep
99"% July
16% Oct
23
112
121
Feb
117%
Dec
123%
128
Dec
9
80
Jan
105
10
45
Feb
21
40
Dec
53
24
24
Aug 25
34% Dec
Oct
36%
1047/8 May 14
5% May 19
107% Dec
Feb
5
Jan
Apr
Apr
July
40
Jan
17
37
Sep
45 %
Jan
Oct
10
38
Feb
17
32%
Nov
52
Apr
29
33% Nov 21
30 "
Aug 21
33% Oct
31
Year 1946
Highest
t per share
$ per share
Lowest
$ per share
:
291%.;
1,10a
367/s
30%
36%
30y4
91%
94%
94%
96
313/4
32
31
42
83%
84
80
r
43%
82%
-*78
37%;.
"3.03/4
>•
.
4
.
92
'.
97
Highest
$ per share
80'
>
90%
90%
90%
28
28
*27%
28%
23%
23%
22%
23 %
22%
12%
12%
12%
12%
12 3/a
123/s
12 3/8
,
>9%"
.32%"
29 %
1,300
•'
cum
'
'
20%""
20%
'37 ,?'
13,400
:.
373/8 '
293/4 ' 30
~
*92
93
92%
*91
92%
*91%
927/8
*91%
*29%
31
93%
*29
30%
*29
30%
*29
conv
Gas
preferred
12
12%
86
,
"
7
18% Feb
7
99
Sep
^
class
Jun
54
Apr
Apr
111
Mar
23%
Nov
29%
Oct
9%
Oct
20%
Jun
rll7/8 Mar
100
16%
Sep
Oct
18% July
1077/a Feb
23% Aug
„
Nov
50
Jan
52% Dec
18%
Jan
39
Dec
24
'130
9
26
29
Dec
130% Dec
27
Jan
24
29
22
23% Feb
8
20
Sep 30
26% Feb
18
30
Dec
30
41
Feb
4
5% Dec
11
12% Jan
7
37 % Jan
16
52% Nov 21
' '
Feb
23%
22
1
st
•
86
Oct
Dec
36% Nov 21
13
19% Dec
17% May 20
25%
Deo
35% Mar
20
Sep
34%
20%
Oct
29 %
Sep
31
Sep
47%
Jan
Feb
'
>
83% May 22
90
Feb
4
21% May 19
A—No par
34% Jan
2
105
£>ec
103%JDec
.__—100
1.400
100
105
Dec
29
Sep
Sep
Sep
Sep
16%
Apr
43% July
89 %
Aug
45
Apr
108
Sep
119
Aug
14
115
Jan
122%
Feb
112% Jan
30
14
116% Aug 19
29
32% May 19
No par
9%
31%
85%
117% Mar 11
106% Dec
•
-
121% Jan
16
112% Nov 26
z_100
1,000
1,400
3Vi%
10
cum
47
Oct
14
113
Jan
27
10% Jan
26
1,300
91
220
$3.75
L
conv
1,000
White
Sewing
93i%
3/^
11%
$4
:
100
1,800
___l2y2
_100
No par
No par
com
No par
$5 conv prior pref—
No par
White Dental Mfg (The S S)__20
12%"
„
conv
Prior
Wilcox
Co
Machine
preferred
preferred
Oil
Co
..
4
1
com
1
No par
75% Jan
6
May 16
9% Dec
9
9% May 17
32% Dec
10
4
,
26%'Dec
No par
Erie Ry com——100
preferred.
!__ 100
Wheeling Steel Corp
Motor
30
A
preferred—:
Wheeling
While
*91%
com
,
3,000
400
100
5% May 19
38% May 19
i.
65
.100
prfd series
Common
5V2%
46%"
cora_u
A
3i80% cum pfd series B-—400
Weston Elec Instrument—
12.50
Westvaco Chlorine Prod—
790
.401 ■"
pfd;—
RR
series
Westinghouse Electric
500
y2"
2nd
Pacific
28%'
23%"
lls/8
106% Mar
4—5
Western Union Teleg class
A-Noipar
Westinghouse Air Brake
No par:
130
*29
-
400
No par
5
'
non-cUnv
12%
..,
5
125% Dec
Electric
Preferred
6,600
16,800
80
.
29
Dec
Jan
Light Co
'
*-27%
23%
30
12%
*84%
91
% Dec
31
preferred.
Western
-
233/4
*91
,.
4%
r
'
28%
231/s
24
May 14
called
'
Penrt
',4%%
600
71
>46%
3
12
West Penn Power 4y27o
pfd
West Va Pulp & Paper com
800
295/8
•;>ioo%
123/8
*27i/2
.
10
41%"
83/4
*77
91
101V
1
19 7/s Feb :13
Sep
15%
July 17
13% Feb
88
4,200 1; Western Air Lines Inc
—1
4,300
Western Auto Supply Co
—10
6,100.
Western Maryland Ry com—-1400
433/4
91%
22%
"
433/4
473/4
28%
1,000
6%
32-3/4
47
*100 3/a
■
43%
47
100%'
290
31%.
•
109
247/8 Jan
10% Dec
Tobacco Inc—l—
J>
5
Wesson Oil & Snowdr com_—No
par
$4 conv preferred
No par
West Indies Sugar
Corp
Zi-Ii,, 1
14,600
953/4'
323/4
83%
11
86
33%
105
11
106
Sep
117% Aug
113%
Oct
119% May
32%
Nov
111% Sep
53%
Jun
116% Apr
'
6 3/8
95
Dec
367/a Feb
7%'May. 19
Webster
140"
43%"'
: *68
:
100
com—-1—5
Corp
78% Feb 18
•177/8 Jan 25
xl7% May 14
21
Knitting Mills—Wayne Pump Co
1,700
41%
»
Apr 16
13% Apr 21
297/a Apr 30
.5
Wayne
5,900
1.04
67
par
Waukesha Motor Co
700
>
*30%
9
30%
463/4
"
108
104
35%
91
107 ■:
'-;7,
6%
69 :
12
33/4%
'Preferred
49%"
86%'
24%"
433/4
.20%
42
Petroleum
Washington
6%
106
Pictures
preferred—
*100%
Z
6%
106%
>.
19%
27%
Warren
760
%>>
30 %
23%
441%
68%
*77
Foundry & Pipe——No
107
44
463/4
12
30
52
26
Oct
Nov
46
100
Bros
Warren
preferred
i005/a
12
Apr
10% Jan
Sep
7%
22
——1
Warner
6%
71
;•'
Ward Baking Co common
5% % preferred
7%
*46%
12%
Jan
4%
100%
18
13% May 17
14% Dec 11
100
West
*100%
For footnotes see page 24
9%
20%
8% Oct 10
12% Feb 21
109% Jun
30
;
No par
No par
1
70
48%
♦12
30
5
'.
_100
(Hiram) G & W_
140
100%
91
Jun
Range for Previous
!
preferred
Walworth Co
200
47%
90%
65 Va
Range for Year 1947
preferred
%_
*100%
90%
29% Jan
Nov
Lowest
common—-
106%"
20%
30
A%
Walker
4,800
2,900
1
•
105 y2
193/4
*90
32%
76
Not
47
>30% May 17
12% May 19
No par
4'/2%
Co
115
28 y2
94%
84
Feb
166
20%
13% Dec
No par
RR
*104%
29
*68
30%
32
Deo
19
21
Dec
Wabash
107
107
44%;
*104
90 y4
•94 %
Feb
31
Walgreen
*114
28%
72
30
Feb
30
Waldorf System
105
8 3/4
28%
36
13
STOCK
115
30%
20%
36%
'
YORK
Feb
89
97%
20
preferred
104%
8%
19%
30%'
*48%
293/4
70
18%"
.85%
8%
28%
30%
44
40%
20%
91.
142
84%
Sep
65%
5
common
700
750
21
23%
293/4
30
36
30%
*90 >■
>'
Oct
Oct
X72
-
STOCKS
NEW
1,400
'
; 21%
49%
3/4
8
Feb
Feb
23
2,200
;•.*■
20%
*18%
:
85%
293/4
74
*72
106 V2
,
>;;
223/4
105
6%
.
57/a
*114
43%
■;
48%
104
29%
187
48% Feb
13
Dec
Mar 27
Apr
Nov
20
Glass A
26,500
25%""
20.%
■
85%
115
41
8%
30%
150
Oct
80
56% Dec
25
300
127%
>
■
23
106
106%
12%""-
493/s
1033/4
40
*8%
*29%
Jan
Jan
Par
270
32
86%
1143/4
6%
40%
49
90
128
30%
5%
5%
113%
105
26
31
5% Dec
"
25
(The)
n
>
•'
106
43 %
*104
Dec
163% Dec
pfd—100
4,900
21%
,
30
104
104
107%
: *43 >
5%
49'
*20%
106
-■■113%
104%
5%
>
30%
.
-
12%
18%
,
23
Dec
106
40%
28
Dec
May 17
4% May 20
100
5%
common—
cumulative
2,400
v
:
32
:■
20%
187/s
21%
10%
127
18%
*105
Feb
EXCHANGE
270
21%
25%
20
30%
100 v2
>>90;':
":•.■■
187/a
*113%
>
2,800
ii%: ,11%
127
127
■'":>■..
■
20
*103
51% July 28
Sep
48% Nov
11
80
x33% Dec
5
common
preferred
700
•
,:>;:■
18%
21
/•
15
10%
DAY
—
—
127
5%
*48%
.
4"
»■>">
"
32
50%
19 7/8
21
6.6
21%;
>
NEW YEAR'S
12%
33
1267/8
*104
144
Feb
t81
>
50
Shares
32 ■:?>;
100%
>
«T.r«WT> ■' :>
'
.
18%
30%
»
31%
,
KXCHANQ1
.
21% 1
10 '■ ;. :■;'>
11
20
21
•
—HTOCK
102 > .>,-
126%
30%
i
15
129
105
165
d
_;_10
Detinning Co
the Week
;
'
18%
:
66
.
20
•
Sales for
Jan. 2
5
'8
—_No par
common
2
preferred
1%
S per share
r
<
15
*126
■i
'"
31%
,
51
51
130
66
14%
-•
'
91
12%
32
50%
129
$ per share
5
•
100
965/8 Dec
5
fe Coke
Visking Corp
Vulcan
34
Friday
Jan. 1":
31
"
■
■
*126
<
>
Dec
2
22
1
2d pfd
preferred—.
PRICES
Thursday
,40%'Dec
19
103% July 24
80% Feb 11
Nov 29
6%
30
*32%
Deo
30
38
Pwr Co com—No par
Virginian Ry Co
100
t per share
65
14%
12%
343/4
32%
>
Apr
39%
Dec
Feb
Jan
W
31%
88%
*333/4
*31
60 % May
14
1,400
1,500
34%
-34
Dec. 31
$ per share
14%
V
37%
34%
DeC
84
May 19
Va Iron Coal
110
*36%.
*33
9
Deo
69
$5
25% Aug
11% July
Sep
85
110
Jan
Jan
NOV
Virginia Elec &
5,700
.
11L.
Jan
13%
'
35
100
,
31%
9%
15
*109%
-
Wednesday
14%
-•'-21%
>15
.
100
May
13%
44
36%
3% % preferred 2nd series
_100
Va-Carolina Chemical com
No par
>6% div partic preferred
100
4,000
105
32%
SALE
Tuesday
31%
:r *100%
91/2
.105;
34
*31
AND
,;.9%
I
non-c
cumulative
62
Sep
Sep
69
XI73/4 Nov 26
.25
Rja<alte Co Inc
3!/2%
6%
25
73
133
No par
Corp
Victor Chemical Works
10
>
'
46% Oct 20
67
—lOo
400
May 19
Sep
37% NOV
10
Apr
61% May 19
;
2.50
Vicks Shreve & Pacific
Ry com__100 ;
5% non-cum ^preferred
89
24
SO
.
5
40
38% May 17
_50
Vertientcs-Camaguey Sugar Co__'6ya
95
1181%
36%
35%
33%
34
33
50%
ni8 y2
35%
33%
34
•;>':' 10%
90%
130
31%
65
*62%
101
110%
34
Dec. 29
65
,110%
31%
I per share
•14%
31%
109%
*32%
34%
Monday >
I per share
15 'A
34%
32%
LOW
>
9%
106%
34
*32%
Saturday
'
9%
14%
:150
No par
Vick Chemical Co—
473/4
,*83
*82
*io5y8
,
30
30
*32% *•34
*120
33
47%
>
39% Nov
24% Oct
3
1
127% Dec
400
com
Van
90
15
13
22
Deo
V Feb
26
39
20
Van
Feb
132
May
x206>: Sep
47% Apr
98% Aug
Sep
187%
'
6
9% Oct
16
1,100
14,100
•
94
93
11 /
15
—1
1,500
109% July
29% Feb
May 19
•
Vanadium Corp of America__No
par
Nprman Co——
.—2.50
3,400
90
*85 "'
>
85
15%
29
•*83%
I
85
*82
109%
120
35%
*30%
85
95
109%
128
34%
*31%
90
*85
14%
>105
109 %
*120
*85
480
Nov
92
40
preferred
conv
Nov
13
53% Feb
''
22
467/8 Dec
8%
preferred
100
Universal Pictures Co Inc com—1
4V* %
preferred
100
10,800
y
15%
28%
*85
•
'> *1.4.%, 15
.-?■"* 44 %\ 45 >
:>•: 12% >13%
45
*47
*105
151/4
;••>
14%
45
7;
.cum
35
Universal Laboratories Inc
1
Universal Leaf Tobacco new_No par
1,400
60%:
Stockyards
32% May
101
18
23 %
Universal-Cvclops Steel Corp
3,400
13% >14
59%
20
com—l
conv
4%
300
25 3/a Jan;
9 Va Dec
__lo
preferred—
preferred—
United Will Paper Inc
163%
57%
14%
\
7
23
*161
13%
45%
48%
7,300
100
$6
Oct
28
May 19
16% Jan 22
,100
Co
15%
Jan
33% Jan
26
10
United Stores -$4.20
700
36
—1
common
non-cum
Sep
23% Oct 20
Jan
Apr
22
Aug
15% July
20% Oct
12
5 3/a
66
<
Oct
9%
.106
29
1 Dec
37
>
—No par
—-
Tobacco
United
4,200
;;
5%
-5%
S
1%
77600
,.
No par
No par
A
Preferred
U
70
12%
196% Mar,29 V
1st preferred-.:
Corp
17
21
Dec ,31
Smelting Rsf & Min
S Steel
30%
171
eomraon..*.i.
non-cum
53% Aug
Oct
100
Corp
_5
;____100
Preferred
U
3,300
9%
13%
14%
7
>■
'•17%'i>:, 17%
—*4% -•■ 4%
163%
44%
*83%
6
98
'
*33 %~
28 %N
87
"
•
23
23
*161
58
14%
5 %'•'■
4 >2
23
163%
14%
*5%
>*92:/'
is
700
C 25,700
19%
9%>
99
36
4%
23
*161
•>*1^1/4,
>
■
9%
:
*17
'17
77
: ,77%
/ .38 ,-,38%
5%
5%
*33%
33%
17
15%
5%
U S
2,800
38
5%
8%
600
Deo
Oct
187/a
107% Feb
pfd series A—.—100
Co
12% Nov
34%
May 19
13 % Dec
50% July
16% Aug
105% Aug
21% Feb
41%
.86
common
cum
S Rubber
14
■
19% Feb
1
71% Dec
Oct
Deo
71% Mar
19% Feb
15% May 19
Dec
2
20
-preferred
33/4%
3,700
g
:
common
class
3% Oct
8%
May
2
16
91
Jan
19% Oct
12% May 19
Pipe & Foundry
Playing Card Co
.!
Plywood Corp common
S
U
4,600
7
68
'•. ">:77
19%:.
38%
13%
14%
*28% -28%
>'>•'.
U
40
y.i
134 >>
19%
"
5%
U S
500
1,400
.
'
42%
>*66%
;
78%
78
•133%
U S
'
..
'437
:■/>>;'■- /»->>43%,
14%
'
13%
*84
19
58
15
14%
44%
*
,
43
67%
;
,
% %
i,500
>/
33/ "33%
'>•/'< •':/'>>*88 >>92
; ;>>->> ^45% .451/4
>•,
135
-42%
78%
'
4%
13%
*132
134%
*37
•
23
57
15%
14%
44%
67 -•
134
163%
13%
13%
58 '
>
77%
50%
4
100
Jan
No par
Co
conv
12
17% Apr
89
Sep
7% Jan
Jan
59% July 25
24% Jan
6
6
No par
Machine
•U S Lines Co
4,600
•42 Va
>V>/*49%-
7.
9%
1
17>
*160
134 >?
67
>
46
Leather
Dec
40
Deo
44
10
-43% Jan
•
14
12% May 17
No par
Industrial Chemicals
S
20
10
common
95
11% May 20
May 17
1
com
;
preferred——
Partic &
>
'
>;
92
:
U
>>>'''•42%
33%
45%
U S
1,300
*9%
50y2.
*88
42% •43%
37%
21%
163%
13%
134
>>
42
33
2,900
■37
31
15
Co_
Hoffman
4% Jan
10% Feb
447/8 Jan
Oct
78
53% Mar 27
8
-33
Jan
64%
Oct
6%
10
5
5
Jan
119
Nov
23%
8
Jan
Dec
preferred
43/4%
8 Va
'
;•
S
30
8% Feb
83
5% Dec
& Mfrs Inc
Gypsum Co
7%
preferred
24
8
41
37%
Deo
19%
31
33 % Nov
29
101
5
Dec
65 y2 Dec
Foreign Securities
Freignt
35
$ per share
Nov
1
24% Nov
10
Dec
23/8 Dec
Improvement Co___13y2
S
U
4,900
/ ,20% ; 21%,
■
9%
*49'%
'»
33%
92
44% -.45%
5%
4%
21
*158'/a
49%
92
*36
U
41%
8%
>.
S
110.
t
74
,
41%
■'■■'•>
V".
20%;
41%
,
33
*16%
*17% >17%
-4%
4%
.
20%
>''■•49%
*34
37%
21%
42%
100
5%
37
*69y8 :
:>■/
8%/
8y8
*35%
•
42
9%
:
*98%
8%
*9 %
5%
9%
100
5%
'
39 rV
9%
; loo
39%
37
9'%
■
•19%
*5%
*170% .173
&
$4.50
U
100
2,100
40%
78%
19
5%
>,
110
104
40 %
>
;39
40
••;;*5%
171
171
7,300.
181/2.
104
^
>
941/2':
>*i8%
106
,;■>/.>:■ -14%..'.'141/2
*9%
134 •■■>
133%
:;(>//'*94
18%
'
\U S
5
.__100
Paperboard
>•>'■
.
(67
77%
133
United
14%
-'20%
134%
67
'78 %
133
1,600
71%
42% :r 43%
67%
,>77%
,
134
18%
105
177
8%
,w: '95
45
15%
2iy4
'•
39%
43
44%
94 %>
94
18'%
*35%
■•49% >49%
32%
32%
33% >34
*94%
14%
14%
9%
42%
Merch
*69y8
<
•
43
*42%
Gas
United
14%
21%
9%
United
71%
37
20%
>
1,800
6,100
13%
8%
*35%
21%
>71%
:
40%
8%
37
*20%
'-*■
39
8%'
*8%
94%
106
37/8 Dec
16%
2
'
United Engineering & Foundryi__-_5
United Fruit Co^--~
No par
7,000
Sep
263/4 Jan 15
50
20
common____l
United Electric Coal Cos
21
■
,
No par
5
Jie%
16%
14%
*170%
13%
71%
*21
21%
105
177
13%
*35%
14%
21
Y: *18%
104%
*170%
15
21%
*93
>:*
19
104%
75
*71%
T.
15
20%
94%
*18%
.
177
"113%
21
94%
19
104%
15
20%
-
21%
16%
-
24
Highest
t per share
28% Apr
120'/a Apr
9
1,000
55
20%
110
10
1,200
20%
Dec
18% Sep
28 y2 Jun
preference—
Preferred
30
25% Dec
8
No par
Lowest
$ per share
26
No par
United Dyewood Corp
700
•
53
•
$3
3,300
6%
72
Dec
15% Dec
75
$3.50
60,200
42%
*6
*69%
102
10
Cig-Whelan Stores com__30c
convertible preferred
100
United Corp common—
-__J1
540
2%''
100
100
Year 1946
Highest
167/a May 19
United
17,800
>
'
$ per share
5
preferred
United-Carr Fastener Corp
55
2%
69
900
«
,
4%
4%
*54
*18%
39%
4'/2 %
cumulative
United Biscuit Co
United Carbon Co
-
6%
69
21%
35
33
42%
6 %
6%
4,200
Range for Previous
Range for Year 1947
Lowest
United Aircraft Corp common.j
5%
convertible preferred
United Air Lines Inc common,
31,500
*30%
2%
STOCK
Par
100
81
21%
.
NEW YEAR'S
YORK
EXCHANGE
10,600
.'*34%
nwrwsp
•4%
2%
23%
106
81
55%
*68
69
STOCK
KXCHANGS
■
/
33
*54
54
x41%
6%
6%
J
35
,
4
2%
6%
22%
>
34
*30%
'4%
4%
68%
22
>.
NEW
Shares
16% •' 16%
81
32%
4
4%
53%
*42%
16%
so y4
34
"*29%
4
2%
"16
22
34
34%
34%
.
J
the Week
t per share
share
23%
16%
*29%
$ per
*105%
80
RECORD
Sales for
Friday
.
/.•/'•"■Jan. 2
23%
15%
STOCK
STOCKS
Thursday
Jani4\
.Dec. 81
106%
*105
105%
YORK
PRICES
Wednesday
share
per
76%
9
SALE
Dec. 30
V
share
* per
-
HIGH
Tuesday
Dec. 25)
Dec. 27
i
AND
^
LOW
:
Dec
9
94% Dec
29
Nov
17
30
26
May 14
82% Dec 31
62 %
Mar 27
99
May
2
31
May 19
90
Dec
8
35
90 % May
13 Va Jan
18
27
71
Oct
90
Dec
88
Dec
Jan
Mar 29
42% Feb
5
22% May 19
5%
Sep
Sep
Sep
3"
17
May 19
27% May 19
7%
67
'
14
Jan
32%
Jan
56%
101
Jun
Jan
Apr
26% Sep
;
17
Oct
53%
38 % Oct
22
26%
Oct
41%
Dec
24
21 Va
Nov
39%
Jan
91
Dec
95
Dec
39
May
31
105
Aug 20
18%
Jun
106% July 21
55
-
Jan 24
43% Dec
63 % Jun
31
98
Nov
76
Dec
29
63
Aug
72
Jan
103
Feb
13
100
Oct
106
Jan
102 % July 18
53% Oct 21
1017/a Mar 31
36%
90%
107%
Jan
Nov
62% May
Nov
107 Va July
26% May 19
34
Feb
7
27%
Feb
44
19% May 19
9% May 19
297/8 Feb
8
21%
Nov
44
17% Feb
1
11%
Nov
23% July
90
Feb
3
81 %
Sep
105
Jftly
34
Feb
13
30
Nov
36
May
12 % Dec
20
Oct
12%
84
July 31
20
29% May 13
5
5% May 17
5%
May
Jan
Jan
23
24
<
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(64)
NEW YORK STOCK
Monday
Saturday
share
$ per
share
1 per
,
9
8%
9%
8%
56%
56%
56%
56 %
56%
56%
14%
141/4
14%
14'/4
14%
14 Va
14%
*87%
*88%
SO
18
•17%
56
56
141/4
14%
875/8
*
88%
18
18
18
18%
i8 y2
15%
16%
16>/4
16%
15%
n25
138
*125
138
32%
32
46
45%
46
46
46y8
62%
62%
63
63%
62%
62%
78
73
78
*77%
89
87
88
*87
*61
78
*87%
55%
65
34%
34%
63y2
78 '/2
79
*
*78 %
79
89
*87%
89
*87
89
55
54 Vs
56
*55y2
58
53%
64%
*63%
.65
641/4
641/4'
9
9%
-
9%
*9j/4
8%
-
9%
9
9%
%
65
*63%
9%
46'/a
63y2
DAY
,
63%
55
53
56
•63%
331/8
45%
YEAR'S
NEW
78
33%
34'/a
34
343/4
343/4
12'/4
123/4
381/2
39
11%
38%
38%
37%
38
21%
21
21
20y2
39
20%
78%
78%
791/4
37%
%
*20
*201/4
211/4
78Vi
79%
21
2,100
79%
17%
17%
18,-.
18'%
17%
17%
18y2
17%
21%
213/4
22%
22'%
22%
22
21%
213/4
22
57%
6Va
5%
53/4
5%
53/4
6
22
78
17%
5%
6
and asked prices;
•Bid
day. tin receivership, a
sales on this
no
53/4
2,900
'
4,900
Number
Government
Bonds
Bonds
Bonds
Bonds
Shares
2,1948
Week Ended Jan.
$91,000'
$1,518,000
408 810
Saturday
Foreign
—
$5,000
■
1.194.340
Tuesday.
5,165,000
1.379 060
Monday
5,974,000
5,951,000
484,000
269,000
$1,000
426,000
10,000
•_!____
1,540,380
Wednesday
Thursday
Friday
Total
5,227,200
-
27
35
53
May 19
Feb
Apr
May
75 Ya
Dec
106
59%
Oct
82%
Apr
13%
Dee
25%
Jun
6
18% Feb ,10
80
28
70% Mar
May 17./
<
Jan
16% Feb
Oct
Nov
27 Va
Jan
Oct
35%
Jan
50% Mar 31
45
24
20
57%
Sep
83% May
21
1»
Nov
31
Jan
19%
Dec
42%
Jan
Sep
14%
Apr.
83
25!
14% May 19
July
7
10% Jan
5
5% Jun
Oct
23% Oct
May 17
15
23
15%
21% Feb
14v2 May 19
>53 3/4 Mav 17
9
31
'
'134.255
Foreign
Government
Domentie
$46,000
342 340
289,000 .
226,000...
Thursday
Total—
1,346,295
13,000
Holiday
248,000
143,000
,
/.
$83,000 N $1,201,000
$158,000,
;
,
Calendar year
Week Ended Jan. 2
-
Bonds
International Bank__—
$55,500
-
333,000
:
79.343.520
969,835,800
NOTICE—Prices
the
are
-//
FRIDAY
column headed "Interest Period" indicate in
The italic letters in the
"v *
r.
LOW
Low
High
High
-
High
Low
*103.24
Low
High
103.26
High
.
103.30
*103.24
103.26
*106.2
106.4
*105.26
105.28
*105.26
106
,
*105.22
105.28
106.14
*106.16
106.24
♦106.24
106.26
*106.8
106.10
*106.10
*100.13
100.15
*100.12
100.14
*100.12
100.14
*100.12
104.30
104.26
*104.24
104.30
*104.24
104.28
108.8
Stock
the
$79,770,000
,/;.
The
Tuesday
as
volume.
YEARLY
-
sales are disregarded In the week's range; unless they
occur. No account Is taken of such sales in computing
Sales for
t
the Week
Low
High
r
32d of a point.
Range for
:
EXCHANGE
Bonds ($)
Treasury
103.29
.
1949-1952
1951-1955
3%s
*105.28
105.30
Treasury
3s
106.30
Treasury
27/8s
*100.11
100.13'
([Treasury 2%s
NEW YEAR'S
*104.24
104.261
Treasury
DAY
*106.20
106.22
Treasury
:
1955-1960
1948-1951
1951-1954
2%s
2%s
1956-1959
*106.12 .106.14
*106.8
106.10
*106
*107.4
107.12
*106.28
107.4
*107.12
107.14
Treasury
*108.8
108.16
*107.24
108
*108.2
Treasury
1960-1965
108,18
2%s
*108.16
108.4 t
109.10
101.7
*101.5
101.7
*101.5
101.7
101.5 '
Treasury
102.20
*102.18
102.24
*102.18
102.20
*102.20
2%S
1949-1953
*102.18
Treasury
102.22
102.22
♦102.20
103.16
*103.10
103.16
*103:12
103.14
Treasury
2%s
103.6
*103.5
107.2
*108
108.2
*109.8
•
.
*103.10
103,12
108.21 Feb
4
112.6'
Feb
3
112.21 Aug s
102.6
Feb ; 4
102.11 Dec-'
July 24
108.16 Dec
.
*103.4
103.6
*103.4
103:6
*103.4
103.6
*103.4
*102.24
102.26
*102.24
102.26
*102.24
102.28
*102.24 102.26*
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
101.2
*101
101,2
*101
101.2
*101
101.2
*101
*101
100.26
*100.24
100.26
*100.24
100.26
*100.24
103.14
*103.12
*100.24
100.26
♦100.24
Treasury
2%s
108.16 Dec >24
24
113.12 Aug
Treasury
2%s
: 101.10
Treasury
2%s
101.2
Treasury
2%S
100.26
Treasury 2%s
Feb~21
v
100.10
2%s
2%s
2%s
Treasury 2y2s
101.2 ;
Treasury 2%s
100.10
Treasury
14
104.14 Sep
2
22
104.23 Feb
14
104.7
101.27 Dec
104.18 Apr
30
103,
*100,?4
100 *>4
*100.24
100.26
*100.24
100.26
Treasury
*100.24
*100.24
100.26
*100.24
100.26
Treasury
101.24 Dec
100.26
100.26
1965-1970
*100.24
100.18
*100.16
*100.16
100.18
*100.16
100.18
Treasury
101.24 Dec
*100.16
100,18
1966-1971
101.18
♦101.16
*100.24
♦100.8
100.10
*100.8
100.10
*100,8
100.10
*100.8
100.10
*100.8
♦101
101.2
*101
101.2
*101
101.2
*101
101.2
*100
100.10
*100.8
100.10
*100.8
'
,
.
June 1967-1972
-
SeDt., 1967-1972
_
2%s
Treasury 2%s
Treasury 2'As
Dec. 1967-1972
.
*100.8
100.10
*100.8
100.10
*100.8
*103.20
103.22
*103.16
102.18
*103.16
103.22
*103.16
103.22
*103.14
103.16
102.6
*■102.4
102.6
*102.4
102.6
*102.4
102.6
*102.5
102.7
*103.24
104
*103.24
103.26
Treasury
2V4s
101.10
*101.8
101.10
Treasury
2 Vis
1956-1959
105 17 Jun
♦102.4
504.1.0
*103.28
103.30
*103.24 .103.26
*101.8
101.10
*101.8
101.10
*101.8
*100
100.2
♦104.8
i
*100
s
101.10
r
100.2
*100
100.2
*100
100.2
*100
100.2
Dec
*100
100.2
*100
100.2 /
Treasury
100.8
*100.5
100.7
100.2
*100
100.2
♦100.6
100.8
*100.6
100.8
*100.6
100.8
*100.6
*101.1
101.3
*101.1
101.3
*101.1
101.3
*101.1
101.3
*101.1
101.3 '■ :
*101.5
101.7
*101.6
101.8 '
*101.4
101.6
*101.4
1952-1955
June 1959-1962
[[Treasury 2s
*100
..
1951-1953
Treasury 2Vis
100.2
*100
101.6
*101.4
101.6
*101.4
101.6
♦101.8
101.10
*101.8
101.10
*101.5
*101.5
*101.8
101.7
101.7
*101.5
101.7
*101.7
*101.8
101.10
*101.11
*101.13
101.15
*101.14
101.16
March
1948-1950
Dec.
Treasury
1,000
2s
Treasury
26
105.18 Sep
8
100
,
100.13 Nov
7.
■102.24 May 14
102.24 May
.8
100.13 Nov :
Sept. 1949-1951
Dec. 1949-1951
102.12 Apr
,9
102.12 Apr
101.12 Dec
30
102.6
—
*101.12
101.14
*101.12 101.14
♦101.12
101.14
*101.12
101,14
*1.01.12
101.14
*101.13
101.15
*101.16
101.18/
Treasury 2s
♦101.12 101.14
*101.12
101.14
*101.11
101.13
*101.12
101.14
5101.14
101.16
Treasury
101.13
♦101". 11
101,13
*101.12
101.14
*101.11
101.13
*101.14
101.16
Treasury
♦101.11
101.10
♦101.8
101.10
*101.8
101.10
*101.8
101.10
*101.10
101.12
Treasury 2s
*101.8
101.6
*101.7
101.9'
Treasury 2s
Dec. 1952-1954
•101.4
101.6
♦101.4
101.6
*101.4
101.6
102.18
♦102.16
102.18
*102.12
102.20
*102.12
102.20
*102.20
102.22
Treasury
102.30 Apr
24
June 1952rl954
101.23 Dec
2s
100.12
*100.10
100.12
*100.10
100.12
*100.10
100.12
l%s
100.12
*100.10
Treasury
*100.10
100.11
*100.10
100.12
*100.10
100.14
*100.10
100.14
*100.14
100.16
♦100.9
Treasury l%s
International Bank
95.7
95.7
95.16
•Bid and
*95.10
95.8
96.8
95
95.16
95.8
*94.28
95.4
95
asked price.
No sales transacted
96.8
120,000
94.30
213,000
9
this day.
95
94.30
[[Being called for redemption March 15, 1948 at 100.
.1948
1950
10-year
9
12
103.1, Apr 26
24
22
103.2
Jan
103.4
July 21
3s—
transaction,
-
107.19 Apr
102.11 Jan-
107.10 Apr
107.9
Apr
; 106.15 A*>r
109.15 Feb
106.28 Apr :.
101.16
Jan:
101.15 Jan :
106.16 Apr
106.15 Aug :
106.15 Aug
108.17 Aug
104.22 Sep;
107.14 Apr
100.30 Apr
9
Oct 20
101.2
Jan
100.26
101.8
Apr
Jan
104.7
Deo
102.8
Deo
Jan
103.9
Jan
103.7
Jan
;
Apr
103.22 Feb
Mar
102.18 Oct
104.3
102.20 Oct-
104.14 Jan
103.13 May
103.13 May
102.14 NOT
104.26 Feb
29
10114 May
lo7.31
26
101.3
95
Dec
30
102.00 July 15
1972
95
Dec
30
103.4
transaction.
104.16 Apr
101.4;
104.29 Feb
;
1957
r Registered bond
100.29 Jan
102.22 Not
for
2 Vis
a Odd lot
102.23 Apr
102.25 Apr
102.28 July 21
Reconstruction & Development
25-year
95
July 22
1
101.20 Dec
1951-1955
—
•102.16
•
102.4
1951-1953
*101.4
Apr
May 27
1953-1955
-Sept. 1950-1952
2s
2s
Apr
107.9
102.22 Jan
102.11 Jan
7
March 1950-1952
2s
107.4
Jan i
102.8
30
Dec. 24
June 194y-iybi
101.12
NOT i
,
103.9
Sep
102.6
1948-1950
2s
Treasury 2s
101.13
101.12
Dee. 1959-1969
Dec
101.7
.
Treasury 2s
ioi 9 r
101.10
Treasury
-
2 Vis
Jan
108.17 Aug'
100.7
1954-1958
*101.8
Dec
101
104.4 Jan .13
22
104.10 May 9
19 ;. 104.15 Apr 12
12
103,20 Apr ; 9
2 .,105.17 Jun
2
24 "103.19 Apr .10
107.5
107.27 Apr
104 .24 July
,
Apr
107,15 Jan
.108.4, Jun
1963-1968
19
106
•
Jun
1962-1987
101.26 Dec
NOT
105.22 May
108.4
Dec. 1964-1969
113.3
106 18 May
June 1964-1989
.
Feb
Apr
; 118.23 Feb
Apr
106
Deo
115.23
118.15 Mar
104.24 July:14
100.26
100.26
Feb_21
Jan
102.12
■
105.29 Aug
♦100.24 100.26
*100.24
104.12
-
May 14
115.26
Nor
113.3
114.8
114.8s-May 14-
1956-1958
103.7
<
•109.22
Deo
107.5
1952*1954
102.27
*
*102.25
-
106.13 July 24
,in« 13 Tuiv 24:
104.12
111.18 Fell
Jun-.
26
1950-1952
*103.10
2l
Feb
22:
Dec
101.8
...Highest
/
Lowest
110.3
.1948
*101.5
2%S
101.7 •>.
*101.3 •
*101.5
106.4
111.23 Sep
106.6
30
104.25 Sep
Prevlom:
'Year 1946
Range For Year 1947
Highest
.Lowest
1958-1963
107.14
2%s
*107.12
*107.
transactions of
are the only
the range for the year. •><•-//<
//• ' *
/:
,,
*
?
/
,
GOVERNMENT BONDS
NEW VORK STOCK
*106.28
8TOCK
..EXCHANGE.
100.14
*104.24
Friday
*103.27
:'\r
are
each case the month when the bonds mature.
Jan. 2
Jan. 1
103.30
Low
*103.24
.^
figures
Figures after decimal point represent one or more
Thursday
♦103 28
♦104.28
WEEKLY
-
SALE PRICES
Wednesday
Dec. 31
Dec. SO
Dec. 29
Dec. 27
Low
HIGH
AND
Tuesday
Monday
Sntnrday
$1,201,000
$88,638,000
New York Stock Exchange
«»
for Income and defaulted bonds. Cash and deferred delivery
regular weekly range are shown in a footnote lay the week In which they
"and interest"—except
week, and when outside of the
■524,000
$826;000
1
7,839,000
the Bonds were incorrectly reported in last Monday's issue.
follows: Saturday toec./20, $98,000; Monday Dec. 22, $233,000;
Dec. 23, $355,000; Wednesday Dec. 24, $558,000, and Friday Dec. 26, $258,000.
The total for
the week should have read $1,502,000, and for the year $87,580,000.
There was nothing wrong
with
/:;/^/////-/,/^
690,000
V
NOTE—The volume of trading for
$26,863,500 $1,075,541,420 $1,364,174,500
Bond Record
83,000
Totak
80.587.000
,1,264,521,000
proper
$24,242,000
Total
/
1,078.000
v
22,356,000
Railroad k Industrial
"
15,000
Foreign corporate
.,
«
$67,283,000
""11,963,000
f
185,000
Foreign government™
.>$19,066,150
^
25,730,000
1,552,000,
Foreign
$3,236,000
23,126,000
.'?•*
$1,000
Government-.;
U ft
$80,109,000
$626,000
158,000
$360,000/
Domestic
363.709,312
253,623,894
1946
137,313,214
72,376,027
1,804,070
1,346,2.95
of shares
1947
1947
1948
/ ■'
:
'' /"< /' Bonds ////;'
/
1946 >
1.947
/
5,426,825
'
Stocks—No.
Calendar year
1947
1948
5,227,200
-
400,000
—
2,000
$960,000'/
9,000
29,000
82.000
327,000
'
*
112,000 *
149,570
$24,242,000
$83,000
$16,000
29,000 \
24.000
•
374,630
Total
Corporate
\
$37 000
287.ooo;
375,500
Monday.
Tuesday
Wednesday
Value)
Foreign ,/,:
Bonds (Par
of
Week Ended Jan. 2,1948
-
•took*—No. of shares
.
61% July
13%
11
373/4 Dec
.
Feb
33
3
10% May 19
33 % Aug 28
Friday—
Week Ended Jan. 2
Aug
Sep
103
8
29
Nov
74
100
Feb
Dec
j
62% May
Sep
87%
62
Saturday
3 885,000
$1,000
May
Sep
Sep
20
53
;
52
84%
12
8
Jun
.•47
3
Dec
f
160*
43%
1
68% Feb .13
83
Feb
i
941% Apr
100
Feb
12
Dec
July
Mar
.
34
4
Dec
July
21%
Feb
142 '
145% May 19
48 Va May 19
;/
—
$333,000
$1,552,000'
$22,356,000
21
21
101
.
Stocks
6 728,000
6.387,000
2.000
135,000
3,748,000
Nov
19
—
Holiday
704,610"
Oct
(Number
5.628.000
______
Sep
Sep
15 Y»
20
Daily, Weekly and Yearly
$1,614,000
47.000
12 y«
95%
19
'
) j
Jan
26%
—
Transactions at the New York Curb Exchange
Bond I
.
23
28
17
311/4 Dec
Oct
Nov
22
Oct
$ per share»
sales, wd When distributed, x Ex-dividends, y Ex-rights.
\ Sales
416.000
15% Dec
75
' Nov
9
/
Highest
.
24
,
Jan
27
'
Total
united States
Bank
Jun
43
j
S per share
17
30
16
135
-Lowest
/ 99
88'% Dec
No par
1
Deferred delivery, n New stock. rCash sale, s Special
Int'l
Railroad ,
of and Miscel.
643% Oct
Year 1946
.,<•
13% Feb 11
,
I
10
10% May 19
No par
No par
No par
Transactions at the New York Stock Exchange
Daily, Weekly and Yearly
Stocks,
V
f
t per share
share
6% May .17
25
1
50
;
S per
51% Sep
3
Zenith Radio Corp
Zonite Products Corp
1,800
300
5,400
771/4
*
No par
No par
Yale & Towne Mfg Co
York Corp common
4'/2% cum preferred
Young Spring & Wire
Youngstown Sheet & Tube
Youngstown Steel Door
'
/
Lowest
Par
Wright Aeronautical
Wrigley (Wm) Jr (Del)
Wyandotte Worsted Co
6,400
39%
79
78%
./
39y2
t:
Range for Previous
Range for Year 1947
Highest
'{
,
/
1
2,000
12%
1°
12%
12%
12
11%
.17%
.
343/4
34
15,500
1,100
9,300
V 600
300
13,400
Monday, January 5, 1948
-
1
_y,.:
<y
34o
—"
500
2,200 '
9'/2
33%
11%
*21
'
138
33
CLOSED
*31%
33
33
45%
*
1
iey2
161/4
STOCK
I
19
*125
62%
48
*18'/4
138
*31%
31%
46%
31%
'
'1
87%
88%
*125
136
*125
•
/
Willys-Overland Motors com
1
$4.50 conv pfd series A
No par
•
Wilson & Co Inc com
.No par
'
$4.25 preferred
No par
Wilson-Jones Co
__
10
V Wisconsin ElPwr Co "Reg Way"_l0
6% preferred _____________
100
* .• 800
Woodward Iron Co (new) J
10
6,300'
Woolworth (F W) Co
:
_10
1,200
Worthington P & M (Del)
No par
30
Prior pfd 4%% series
100
60
Prior pfd 4%% conv series
100
8%'y
:
14 %
88%
15%
15% "
15 »/4
83/4
Shares
•/
56
18
.
$ per share
share
89
54%
8'3%
-
t per
V
~
.
/EXCHANGE
the Week
2
Jan.
1,.
8%
8%
9
8%
j»u.
•:
NEW YORK STOCK ;
5
/.•Saloa for
Friday
«
j Thursday
'
T# per share
1
9 per share
■
Dec. 81
Dec. 30
Dec. 29
Dec. 21
HIGH SATE PFICES
■; Wednesday
AND
Tuesday
r
.
RECORD
STOCK8
LOW
•
July,15
Sep
Mar
102.17 Mar
i
commercial & financial chronicle
the
Number 4661
167
Volume
FOR WEEK
RANGE
'1
;
Friday
■
■
.
J.BOND S
•
Stock
New York
''h
Last
Excbanga
'
J
'
J
'
'
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V-.J ' :-lleir'.Ysrti City '.J.:'
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Week's Rang#
ii*".
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-
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•
•
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SADenmark
•■
Extcinal
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.
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■■
•
/.
New York
>":
High<-
Low
•
Friday
BONDS
.
•.
,
#Yf»r£1047f'
,
No.
'v
101% 10112
>
yj."; Sold
*
High
•
.c
.
■
t'Ji
Friday's .^-yBondr -Range for
Low
•' J
Tr***irt»lTnlfication Issue—
ii
or
.
Jj .'"J.-'J;« J
'
'
record
ENDING JAN. 2
Week's Ranre
t
■
Period^ bale Frioe
';
bond
york
new
(65)
100%' 114%
gold
External
:>.
El
ij
gold
Salvador
4s
v
f
extl
3s
..
of)—
A-O
f
.
jr-j
d95
"90
90
84
REctor 2-2300
83
83
36
53%
42
SB
*15
20
'.M-#
NY
1-1693
AGtd
sink
(Colombia!—J
6s
fund
1947
6s
J. 9 4b?.
_
(King of Norway) v4sY-..19G8
lAAntioquia (Dept) coll 7s A
..1945
Public
*60
A-O
'
65
M-3
v
'
81
-
'■
40
'
ft.
61
Mexican
•
40
-
f 7s series
B
__,194S
J-J
40
f 7s
series
C.,—L-L1945
J-J
*39
f 7s
series D
AExternal
A
l
...
sec
f 7s 3rd
s
series_..l957
Antwerp
(City) external 5s
—*1958
(Commonw'lth) 5s of'25-1955
10-year 3%s
—1956
Australia
—
10-year
3%s
'
R-vfiar
External
lABrazil
F-A
(U S of)
—t—1955
external
83—..1941
3
88
31
87%
83%
~5
105% 105 %
J-D
1123/^112%
J-D
*59 Vz
3
99%
f 6%s
s
.1978
J-D
1957
of 1926__
A-0
AExternal
v
1927—
1957
Stamped pursuant to Plan A
(Int reduced to 3 375%)
A7s
(Central
Ry)_
A-0
60
J-D
1978
J-D
^
63
65
73%
44
63
56
70 \
44
59%
"
*59 %
46 Vz
c—•
A-0
46%
50
;56%
*56 Va
3%s Series No. 3
'56%
58%
63
631 ■:,;l
65%
63
11
.
55%
55%
65
63
693/a
bo
80
78%
83 Va
*65
70
66 Va
83%
3%s Series No.
15
3%s Series No.
63
56 %
63
63
57
■
56%
.•
18
19
i
*55%
-
ii
*55%-
.Vo '
_
*56%
*55%
*55 Vz
-
3%
Aires
f $
s
(Dominion
25-year
lAChile
A6s
s
1942
Feb
1961
Jan
1961
Sep
6s__
1962
A6s
1963
207b
20vs
A6s of
Cuba
7s
1990
14
i—
7s_:
19%
20
.—1951
Sinking fund 5%s_
ACzechoslovakia (Rep of) 8s
19%
20
2
20 '
1
'{■
44%
see
page
15%
15
22
J-D
16
f 6s
J-D
.
loan
f
s
fund
28.
*8%
A-O
*8%
A-O
*16%
A-O
9 %
if-a
72
; *70
45%
*40
11
7%
17
8%
97/a
2
7%
33
J-J
26
33
39%
(
*24
31
A-O
33
33
A-O
1946
8s
26%
26%
(State of)
Sul
30
F-A
2012
33
33
30
83
10
79
loan
—1946
23%
3
30
39%
16
23
35
*35
A-O
/„
34
40%
__
J-D
*26%'
32
*31
>•
—
35
26%
35
30
.j.<»"'■
37%
to
2012
J-D
23
23
23
31
1966
1926
of
M-1F
"32
34
31
39
*24 Va
29%
24%
32
J-D
*32
A
2004
_—1967
A
2004
2.25%)
*24 %
—
1952
of) 6%s
(City) 8s
32%
A-O
-—1952
A
2001
secured s f
1957
pursuant to Plan A
*33
M-H
reduced
dollar
f
37
40
31%
42
27
24
41
—
44%
68
J-J
J-J
27%
*
1999
—1956
•
38
34%
64%
*41
46
44
67
38
38
33%
65
40
40
40
56%
*33
40
31
55
*37
--
40
60
34%
J-/
M-S
A
2004
1968
to 2.257c)
loan
8tamped pursuant to Plan A
(Int reduced to 2% )
s
/ 2
J-J
J-J
2012
A-O
Stamped pursuant to Plan A
(Int reduced to 3.57c)
31
A-0
1940
7s
33%
42
*41
J-J
1950
loan
r.
31
3a
24
33 %
37
1978
;
:
„
78
34
33
,
:
20 Va
102
102 Va
33
1 r>n %
85%
85
91%
A-O
♦66
68%
65%
80%
securities
FIRM TRADING MARKETS
....
"
r-ABt MABES e. r.O- INC.
30
111%
116'/a
104%
107 Va
105 %
115%
106%
115%
'
FOREIGN SECURITIES SPECIALISTS
104 V,
116
*106 Va
*106
*106
f>-.
—
75
-
75
90 %
50 Broad Si., New York 4, N.
Telephone HAnover 2-005(1
55
*
96 Va
16
39
31 %
;w_"'
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1999
8s
33
r24 '/a r24 Va
Af-N
"012
1936
to 2%)
(State)
97 Va
1
116%
36 %
—
1921
50
11
*101%
41
25
4
30
23 Va
P-A
foreign
62%
54%
.
21
38
32
53
-
50
44
)
21
29%
21%
24%
*24
90
.•41%
42
54
v
16%
—
16%
12
9 %
For Financial Inatitutiont
90
72 *
44%
79
—
.
8'.t
10
21%
*33
16 Va
1003Y 100%
J-J
21
—
8%
—_
200P
2.25%)
to
(City of)
253/4
81 %
116
21%
19
—
25%
7%
16%
■
I43/*
*33
*
i
14%
48
9% v10
J-J
106
157
27
17%
79
—
F-A
i960
A-O
1958
1947
7s
16
26
.
173/4
18.-
82
M-V
6
16%
15
27
19
3
79
Af-N
16
14%
A-O
1940
2d ser
6s
105%
27
173/4
>
15%
1961
1968
f
s
2
27
"4
*40
A-O
to
26%
7%
*40
—
A-O
footnotes
M-S
1st ser—-I960
s
•
'
— a
F-A
A-1951
extended
external 7s—.—1959
water
IA Secured
25 Va-,.:
18%
*70
v
J-D
—1953
ser
273/4
7%
-
A-O
ASinking fund 8s series B——1952
Stamped assented (int reduced
(Int
A6s extl
/•:
23%
185/a
--
M-N
—1977
;
173/4
~5
19%
--
A-O
—1949
'_
263%
v
20
A-0
1947
273/4
19,
8
20
cu
J-J
1914—1949
debt--
36
8tamped pursuant to Plan
18%
—
J-D
1970
6%s
of
24%
8tamped pursuant to Plan A
(Int reduced
2.57c)
25 Va
173/4
•
■
M-S
41/2s__————1953
of). 5s
26%
loan of
Paulo
A7s extl
19%
*
19%
M-S
Oct 1961
bonds-.-
(Rep of)
40
*23%
A8s external
273/4
19 %
"7
102
M-S
sink
8tamped
lASan
•
273/4
18%
Jtf-N
Il951
4V2s__
For
21%
20%
99
2008
1947
7s
Stamped pursuant to Plan A
(Int reduced 2.57c)
28 Va
21
~8
102%
11
31
(Int reduced
r.
273/4
18 Va
■I
19%
A-O
Jan 1961
f $
s
loan
6% )
21%
<
>
28%
18%
5
"l
993/4
37
of)
1
■
external
to
18%
"
gold
External
28
20%
—
20
M-N
i960
(Republic
-4%s
22
20 3/4
21
.
1992
4A8inking fund 7s of 1926———1946
SASfnking fund 7c of 1927.L_1_.J947
Copenhagen (City) 5s
1952
Rica
273/4
"7
99
102
99
♦31
extl
A6%8 extl
273%
19%
r21% r21%
21
A-O
1962
6s
1928
"25-year
20%
20%
J-D
.
ACosta
5
12
19%
M-N
196I
lAColombia Mtge Bank
■,.
207/8
(City
27%
J-D
1961
A 6b of 1927
.38 external
-
21%
203/4
Af-N
1961
(Hukuang Ry) 5s
(Republic- of)—
Colombia
20%
*98
Af-S
reduced
Paulo
82
19
21%
104
106
•
Stamped pursuant to Plan
(Tnt. reduced to 2.3757c)
-
263/4
20%
A-0
!_1961
6s
A78 assented
,,
20%
Af-N
J-D
1967
assented
^oun
110%
62%
22
r21 Vz r21%
——
21
J-D
.
Cons Munic
•
100 Va
103 %
3
J-D
assented—.
AChinese
62 Vz
98%
109
90%
91%
106
fTntreduced
109%
A-O
1957
AGuaranteed sink fund
*'■
1023/4
104
M-S
6%s__.1957
~
assented-
A Chilean
-1963
1994
B—
Plan A
(Int reduced to 2%)
'
18 3/4
*20%
•
v
4
62 Vz
M-S
1962
fund
103
100
90%
99
.
Stamped pursuant to
104
■S 20 Va
F-A
1961
fund 6s___—1963
Mortgage Bank
A6%s assented
A6s
'
63
96
—
103% 103%
J-J
ASinking fund 63/4S__
1
•
96
*101%—
Af-S
(State
of)
Grande do
■
54%
15
J-J
1961
—Sep 1961
fund
(Rep
A-O
92
97%
—
Stamped pursuant to Plan
(Int reduced to 2.25%)
A7s municipal loan
Stamped pursuant to Plan
F-A
Jan
f 6s___
assented
6s
(Republic)
J-D
1955
A7s external
100%
1970
sink fund 4%s
63
31
-r..
A-O
Feb 1961
6s
*
•
1053/4
89
Rome
A-O
i960
A6%s
assented
AGuaranteed sink
88
29
63
M-N
I9b0
fund 6s
AChlle
»
105%
U
91
62 Va
104%
U-N
A68 assented
-
90
93%
91
Stamped pursuant to Plan As
,.v.
(Int reduced to 2.5%)—-—1999
AOs external sink fund gold
1968
62
62
92%
J- J
f 7s
1942
AExternal sinking
A6s assented
5
93%
A-O
55%
104
J-J
—1954
AExternal sinking
91%
F-A
56%
100
—
A-0
AExtl sinking fund
A6s assented
A-O
-.-1957
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1958
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1957
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92
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89 Va
18
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97
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1966
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96
2001
62
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6
90
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1953
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'
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1961
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62
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1I-J
1950
1963
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-
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;
62%
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63
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.
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.
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70
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72
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11
1956
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-1957
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1
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s
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32
8
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s
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8
29
21
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1945
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5,
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65
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1942, agree_l963
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1952
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;
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11
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61
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■
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1
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.
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1952
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,
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is
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,
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1942,
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1
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1979
____
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1943
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1954
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101
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1942,
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to
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;
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45
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;
1952
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22
AAssenting 4s of 1904
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45
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105
———1951
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43
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1962
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—1966
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1957
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1967
;
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1945
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26
YORK
NEW
Interest
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Last
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8ale Prioo
\
CHRONICLE
Monday, January 5, 1948
>;
RECORD
ENDING
JAN.
•
Friday
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V
Interest
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1962
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1951
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1954
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1969
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55
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1976
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1957
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68
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91
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1974
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1965
page
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1977
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1975
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'
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cons
107
1st
cons
51%
104%
1st
cons
Ohio Div
121
103
103
2
195
102
II
106%
101%
112%
105 Va 113
♦102%.—
—
Co—
—2015
105%
110
145
J-J
.1970
Elgin Joliet & East Ry 3y4s.
El Paso & S'western 1st 5s—
Erie Railroad
-110
M-N
-1995
(NY) 1st cons gold 5s__
,1st cons
J-J
30
17 y4
25%
34
102 %
92%
Denver
1st
F-A
90
j-j
1993
27
108
283
99
66%
14%
32 %
A-0
67%
31
53
103 Va
105
99 V*.
♦81%
M-N
-
gold 4s.
Detroit Term & Tunnel 4V2s
102%:
92%
M-N
:
104%
97
103%
99 y8
A-O
M-n
2042
1
May
& Light 3s
-,-1973
Denver & Rio Grande West RR—
. ;
Power
Detroit & Mackinac 1st
42%
—
*106% 107
38 %
1987
1974
d39%
15
J-J
1987
1st ref gtd gold 4s_1949
A
footnotes see
34%
60
70
*98
—
r^f mtge 2%§ ser Bu—...1977
ref jntge 2,%s ser C...—1972
ref 3s series •D^__^--_—.1972
Gen
78
100
61
90
stamp
For
34%
24%
__
91%
90
*107%
T—.—,-1950
Consolidated Edison of New
1%
series
(4%% to Aug 1 1949)
JACentral RR & Banking Co
5s
*63
A-O
1987
Power
108'%
107%.
24%
—
*25%
91%
106y+
100%
♦101% 103
J-D
4%s.__^t_1951
~t 3%s A:
1961 ••
Consolidated'Cigar Corp 3'As
1.1965
110
101
102
J-D
1966
1987
registered..
New
99
101%
102% 103 y2
*25%
107 Va
101%
99%
99%
J-J
F-A
Ry & L 1st &; ref
Det Tol 6c Irontom
5s series C
85
F-A
debs—1971
Columbus <fc.H V 1st extl gold 4s—1948
Columbus & Sou Ohio El 3y4s
1970
Columbus & ToL 1st extl. 4s
—1955
Income
107
106%
63%
62
100
*98
j-d
Nov 1943
5%s series B
75
*97%
Detroit Edison 3 Mzs. series
1965
gen
93%
75
A-O
"%v "
100
78
1975
:__1972 ;
1973
1st mtge 4y2s.series C_i.__J--T—1977
Colorado. St Southern Ry^-A
7
>V
4%s (stamped modified)..
1980
Coll
of Georgia Ry—
&
96%
88 V»
102% 102 y2
J-J
M-N
5s series B
River
105
100
75
J-J
A-O
mtge 5V2s se;ries A...
mtge 3s series
27Va
12%'
.
88
88'/a
,J-J
1952
Short Line 1st gtd 4%s___—1961
Cleveland "Union Terminals Co—;
Conn
67%
42>/8
•
100
*95
J 'P
J-J
Cleve
& Elec
60 y2
V
J-D
1951
4s
gtd__
91 y2
78%
♦101 Ms 105 Ma,
J-D
——1948
3%s gtd
96%
66%
60
Cleveland & Pittsburgh RR—
Morris
109 y4
36
*108% 109%
A-0
1981
ARef & gen
10-1%
91%
4s_—.1991
1990
1970
1st
coll tr gold
AIncome
106
111%
*112% 112%
1956
3s debs
5 A 1st mtge 5s
§ AConsol gold 5s
83%
97%
90%
1
Cleveland Elec Blum 3s
Deere
r..
1st gold 4s
60%
177
•v-k'':
96
D
97
*99% 100%
deb stk perpetual
Branch U P
64 Mi
90%
A Second
A Cent
88%
49
!■'
.•
55 V2
Dayton Pr & Lt
106%,
A-0
3%s debs
Corp
gold
Delaware
Clinchfield & Ohio 4s
Celotex Corp
.
60
Delaware, Lack & West RR Co—
N Y Lack & Western div
1st & ref M 5s ser C
1951
mtge gtd 4s
Celanese
.
105
Ml-N
__
Carthage & Adirondack Ry—
10
103%
4y2s
Carolina
87
88%
102%
__
4y2s
Guaranteed
64%
1969
——1974
1966
series E
5s series
impt 4%s
Wab
L
A7%s
4.9
1962
Oct
Guaranteed
61%
*90'
72
96
1974
5s
Guaranteed
55%
*-
1957
5s
gold
104
j-d
1970
gold
103 Va
96
1976
Guaranteed gold 4%s
Guaranteed
107%
98% 103%
__
A-0
v .:;
Pac
*101%
1955
Guaranteed
168
64%
.66
129
56
95
^
A-0
I960
Bush Term Bldgs 5s gtd
Can
&
A 6s
1
&
10'
90
92
1
69 V*
54 V*
at
due
^Burlington Cedar Rap & Nor—
§ A 1st
Ref
1st
96%
96 y2
V 92%
90
F-A
Bklyn Union El 1st gold 5s_„
Stamped
General
1st &
98%. 101
ioo y* 104
F-A
:
*__
66'/»
56
105 7/a
99%
69
69%
A-O
2%s_
2%s ser G
General
ist
101% 101%
100% 101 y2
100%
Cleve CIn Chic & St Louis Ry—
V
1st
129
118
45%
99
J-'j
4s
conv
1st mtge
32
87
119
v:—y
..1952
Investing Co 4s debs
Conn
gg
,.
A-O1
1960
Alnc mtge 4V'2s ser A
(Ernesto)
..
II
40%
.
part paid__7_—1957
mtge gtd 3%s
1st &
1st
66%
Apr
•
100
*95
M-N
49
Apr
Commonwealth Edison Co—<
Maine RR—
&
1st
Breda
—
•'
Corp—
mtge
Boston
■
—
A-0
Telephone of Pa 5s series C—1960
Beneficial Indus Loan 2%s debs
1961
Bethlehem
90 %
80
1934
;
4V4s series D__ii
Columbia Gas
Bangor <te Aroostook RR—
Con
ref
1st mtge
A
cont int) __1980
56 %
56%
Apr
1951
Gas & Elec
1st
.,
A
5 7c
"
-71%
May
45
deposit
series A
Series<£>
j-d
37
39
A-O
St
74V
53
Feb 1 2010
1st mtge
89%,
fixed
due Dec 1 1993
series
4s
J-J
56
*88
.1962
1st
86 %
54
107
contingent interest)—V
J
40%
J-J
88
76
54%
M-S
Cin
59%
income;
conv
4M>s
Cincinnati Union Terminal—
30%
82%
55
87
61 % &
Pgn Lake Erie & West Va,
J-J
1956
3%s
&
Cine
103%
79 Va
83
84%
82%
87
v
4%s
56%
t A Choctaw Okla & &Gulf cons 5s__1952
41
—
due Mar 1
3%%
79%
84%
j-d
(2%%
j-j
140
5
•
Certificates: of
1st mtge
due Mar 1 1996
M
mtge 6%
gen
53
J-J
City
A-0
due Dec 1 1993
K
Series
Ref &
inc
conv
§ADebentures 5s
107%
98
llilv
31
V 101
29"
fixed
contingent interest i
55%
88 Ma
71
118%
__
Ry—
City Ice & Fuel 2%s debs
A-O
int)_July 1975
Series G
j-j
15
79 %
IfAChilds Co deb 5s part paid__7_1943
107
fixed
(2%
76
Jan 11999
1989
1st
100
99
J-J
119%
105%
Baltimore <fe Ohio RR—
lsi
Western
Chic & West'n Indiana
B
1st
79%
44%:-
25
173
71%
118%
Income
2%-4y4^___'
__1994
Chicago Union Station—7?
;
1st mtge 3%s; serie^ F7-7.-^~7—1963<
1st mtge; 27/8s, ser" G
_i:-._1963
118
2
101
1948
1966
■
105% 106
103% 104%
1948
Atlantic Refining 25/as debs.
■
M-N
36
71%
2003
Memphis Div 1st gold 4s___—
98%
116
J-D
33%
36
*__
Jan 1 2044
mtge 3s ser B'
Gold
95 Va
95
M-S
_1964
100 y4
Af-N
Chic Terre Haute & S'eastern Ry—\ 7
1st & ref M 2%-4%s
^...1994
106 y2
81
T
81
115% 116
116
M-N
1963
July 1952
4Vis
Atlantic Coast 1st
General
99
Nov
July
Air Line Ry—
4s
Charlotte
&
39
*97% 100
A-0
1995
1 1995
July 1
90%
J-J
A Conv gold
Chicago St L & New Orleans 5s
112%.;
*
16
tChicago Rock Isld-& Pacific Ry—
AGeneral 4s
I i.
1988
& Santa Fe—
geld 4s
mtge
1st
101%
100%
81
90%.
1983
A__
ser
119%
88%
105
105 y2
Q-J
104
90 »/4
RR—
5 A Secured.'4 V2s
89
A-0
115%
92%
M-N
SARefunding gold* 4s-___l
101
608
91%
99
112
14
1994
Pac
ioo y2
1,433
1966
Topeka
&
84 y2
143
90Va
91
114%
1
92 %i
1982
mtge 4%s inc ser A__Jan 1 2019
A
100 V'4 101%
1995
Adjustment
Paul
103%
106% 108
gold 4s
General 4s
St
103%
101
91Vi
124
107
Ry—
88
108
J-D
J-D
112
124
17
92'%
1983
& Louisville
91%
82'
A-0
1987
____1957
„
debentures
A P W Products Co 5s
Atchison
■
.
£'5%'
88%
112
Jan 1 2038
mtge 4.%s_
mtge 4s
2nd
101%
108 y2
102 y4
debentures
Atlanta
100
94 y2
—1962
debentures
conv
inc
Ind
Chicago & North
101%
169
92 %
101% 102 y4
102 Va
198?
F-A
J-J
____1985
4 Mrs-, conv- inc serB...
1969
2Vis
2%s
,.1997
5s
conv
3%s ser B
Milw
Gen
81
91
84%
85%
j-j
1961
debentures
Amer Tobacco Co deb 3s
Ann
108%
85
88
107 y8
F-A
1970
...
1st mtge 4s inc ser A
1st
105
24
95
91%
91
F-A
lie
132
F-A.
.1985-
A 2d
mtge 4y2s inc ser A
Chicago Ind & Son 50-year 4s
109%
100
101% 102%
A-0
:
«"_%
107'
107 %*
124
..."
,
107
:.
100%
101
10
123
J-J
19777
B
,
1980
1975
.
debentures
3s
101 %
A
34
34
92
94%
94%
M-S
.
Eastern 111 RR—
mtge inc
AGen
Chic
104
Telephone & Telegraph Co.—
2%s
23/4S
2%s
M-,<?
&
mtge
Chicago
101 i
105%
y?
104
*82
A-O
deb 5s....
Foreign Pow
mtge 2%s;
series
Chicago & Erie 1st gold 5s
Chicago Gt West 1st 4s series A
17%
100:
34
*__,
ref
AGen
COMPANIES
—
34
&
4y2s
ref
15
101%'
101
RR—
mtge 3M>s_
1st
21%'
5%
2
%
105 y2105
ref
Chicago
90
18
__
*100% 104
J-J V
A-0
4s__1998
1956
2030
Allis-Chalmers Mfg 2s debs
*100'/8
M-N
mtge 3%s
1972
Susquehanna RR 4Vis__1975
102
&
100'A 101 Va
*:_.
J-J V
143%
__
16
6%
A-O
1967
3J/4s
1st
100
84%.
35%
M-8
i003/a
&
1st
;•
J-J >;
__1958
1st
100
93
10
94%
*11
F-A
l°*fl
2d consol
121
10
:
V
F-A
gold 4s;____l9b9
gold 4s___
1
.1989
121
121
121
M-N
1st cons
1st
85
!
|
*87
RAILROAD AND INDUSTRIAL
Adams Express coll tr gold 4s_
.'
impt M 3 Via- series E___„il996
A Div
Chicago Burlington & Quincy
130
83%
88
impt mtge 3%!s D
&
General 4s
80
31
83
83 7«
F-A
1952
121
&
R &
•
3-3
A-0
1958
-1958
101 Ma
M-S
1992
,.1996
4 V2s_
Ref
20%-.
6
gold
Ref
26
87
140
*84'
M-N
F-A
7s
8 Vi
81%
M-N
1978
1984
external 7a
10%
*120
4-4Va-4 Vis extl readjustment
3Vis extl readjustment
(City)
4%
General
10 %;
13
88
J-D
Provinces
16
5
*120
M-N
1978
-aWarsaw
5%
*120
37/8-4v8-4^s extl conv
Venetian
27
19
8'/4
J-3
F-A
1937) —
1979
1979
bonds of
readjustment
($
3%-4-4%s
5.%
5
*14
J-D
1960
.1964
6s
sink
M-N
M-N
J-D
1957
1946
8ydney County Council 3VaSlAUruguay (Republic) extl 8s
AExternal
•
5
mtge.3%s ser G
mtge 2s: ser H—
1st mtge
3V4s—_----
..2000
1Q5?
..1971
j-j
64 Va
65%
20
J-J
M-S
■vr-s
59%
99%
95
A-0
82
J-J
78%
♦_.
78%
98
22
81
102%
94 Va
78%
94'
99%
100%
103
105%
'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number'4661
Volume 167
NEW
YORK
BOND
(67)
RECORD
RANGE FOR WEEK ENDING JAN. 2
Week's Range
Friday
Last
Period
Exchange
York Stock
New
..
oi-Friday's
Interest
BONDS
Bonds
Range for
Bid & Asked
Sale Price
Sold
Year 1947
,
Low
v
High
Low
No,
BONDS
New York Stock
A 1st &
1961
deb—
4%s——1959
(Florida East Coast 1st
—.1914
ref 58 series A—
of depositcoll trust 6s—
Certificates
A
Francisco Sugar
.1956
55
101
54'/2
53%
M-S
103
m-n
100 %
100
72Vi
65 %
101Vi
1966
1st & tef M 3%s series F
103%
49
103
Last
Range
Friday's
or
1st &
ref
M-J
..2003
M 2%s ser G
High
107%
108%
95
M-N
-1972
Low
1053/4
4
95
5
95
83
83
2
87%
96
M-8
1955
Year 1947
No.
-»«.
A-O
1980
Range for
Sold
High
106% 106%
—
96
96
1
96
a-o
2003
6t Louis Div 2d goid 3s
Atl Knox & Cine Div 4s
Bonds
Bid & Asked
Low
105%
1
48'/a
101
J-D
Week's
Friday
Sale Price
High
20
100'A 102 Vi
102 Vi
M-N
,
Period
Exchange
Louisville Gas & Elec 3%s
Louisville & Nashville RR—
Firestone Tire & Rub 3s
v
Interest
M-N
"
111%
*_.
—
-
.
981/4
103 %
110%
—-f
112%
106
M
5s.—.1949
G»a & Elec of Berg Co cons
General Realty Si Utilities Corp—
A4s conv inc debs.
—
1969
Goodrich (B P) Co 1st mtge 2%a.l965
Great
Northern
General
General
5s
Ry Coseries B
5%s
—1952
1973
1976
C
series
General 4%s series D
Gen
1990
2000
mtge 3%s ser N
Gen mtge
Gen mtge
3%s ser O
1982
2010
.-1961
23As ser P
Gen mtge 2%s ser Q
Gen mtge 2V«s ser R
Bay St West deb ctfs A
Debentures ctfs B__
103%
83
m.-s
83
*93 V4
M-N
112
77.
9 7'/a
112
J-J
*—
1187/8
J-J
103% 110
J-J
89%
121%
133%
109Vi
129
5
89%
104%
2
88
104%
88
88
J-J
82 V2
82 7/b
20
J-J
74 Vi
74%
5
J-J
*90
82%
98%
74%
*62
91
90
95
9(j
62
y.
A-O
*100'/a
7
7%
33
65
7
9%
100
__
1041/4
94%
1st & ref 4s series B
1975
J-J
94%
1
94% 105%
Gen
2015
J-J
.70%
72.
9
67'A
86%
1969
A-O
■.*
93 %
93%
101%
mtge inc 5s series A
1st St ref 3%s series D
Gen mtge
Gull
61%
2044
Inc 4s ser B
1976
Util 1st M 2%B
States
J-J
.■'
—
61%
56%
*91
M-N
162
521/4
94
94
72%
'
101%
Household
J-J
Finance
Hudson Coal
1st
s
Hudson Co Gas 1st gold
Hudson &
V:
*
1970
1962
Corp 23/4S_
f 5s series A
5s
.1949
58%
95"%
J-J
1951
i
17
r
64
13%
23%
'
14
trust gold 4s
—1952
Refunding 4s______
-1955
purchased lines 3%s.l_.—i_—1952
4sl
—1953
■; Refunding
5s—
__1955
'Y '40-year 4%s_^_—_____________1966
Cairo Bridge gold 4s———...1950
Litchfield Div 1st gold 3S
-1951
:j,
gold 3%s_1953
Omaha Div 1st gold 3s
8t Louis Div St Term gold
Springfield Div
Registered
1951
3s——1951
.:
Western Lines
—1951
gold 3%S—1951
1st
1st
105%
105
.109;
101% 102
101%
A-O
3 Vis
94%
/;l"
A-O
Gold
A
99%
'
V
J-J
M-N
M-N
93Vi
104%
101
J-D
-1951
:
-
.35
V
157
*106% 109
89
■
f
84%
108%
X 106%
98%
J-J
S81.2
98
J-J
98
97%.
F-A
J-J
99
*95
*1-3
/
.
/ 100%
;•
98%
%
/
.JYD
J-D
83%
—1963
J-D
77
1970
J-J;
1950
J-J
1986
J-D
Illinois/Terminal Ry 4s ser A_„
Indiana HI St Iowa 1st gold 4s
93
;;YB&Y%/:93'::T;
79%
75
81%
9'
.98%
;
92 Vi
70
85%
95
*100% 102
*—
.101%
.
1st 6s series A
»
1952
-
97%
"51% ;-54:-SV-.::
53%
231/2
21
23%
1956
J-J
50
46%.
50
A 1st gold 5s series C_
lAInternat Hydro-Elec deb 6s
1956
J-J
--
1944
A-O
Int
1972
M-N
Adjustment 6s series A
A
1st
series
5s
July 1952
B
-
Rys Cent Amer 1st 5s B
,./j
48
G3%
/-'•<• 55
65%
1959
59%
42
24
*
59%
61%
106
99%
102%
Jersey Central Pow St St 2%s
1976
J-D
*71%
Af-S
105
Cons
*95% 102
78%
69%
1975
—;
Kings County El L St P 6s__
5s
*—
35
104
.
40%
96
- -
4s
series A
"
&
1997
1997
J-J
*
a-o
MS
*175
100%
1%
108
N Y
112%
180
50%
79
453/4
72%
75
50
621/4
38%
36
38%
731
18%
39%
74%
72
75
300
62 V4
85
72
74%
63
84%
25
27
-
27
series
-
74%
36
74%
115
61%
55
61%
L
^1997
":3%
-
'v'v\;
vV1
Y
;•'
#-D
—1997'
J-D
]*-'[■
88%
A Debenture
.
101
84%
.
■
84%
V''""-i
6s
4s
Dm
83%
'^.>
83-34' ^83%::^X
•••
•.■
V''
"^7^1^1%-v:
6",
N
55%
8
53
63
69%
6
65
74
63.%
2
59
68
♦88%
90%
*__
f-a
98
J-D
1st & ref
sink, fund 5s—
; 5s stamped
-1st & ref .sink
>
5s
-1954
fund 5s-:
stamped-
5S
-
a-o
-1-1964
1964
—
-11974
8tamped-_.__.___
4s registered
4Vis
x
-1
.2003
-
-—
*96
F-A
y
,
j
100
N
——2003'
F-A
*85
——
■'.•»•
.
85
2
'LL
F-A
61
J-J
62%
*661/4
70
30%
;■
33
.
35%
li
ii.
>
331/4
*30
;
32 V
:
87
82
/;
38%
Little Miami gen 4s series A
Lombard Electric 7s series A...*
1969
W
Long Island unified 4s
1949
a-s
1949
MS
1949
US
*121
'..ii■*
V
•__•
J-D
.
34
*105
27
i
•
11
'
'•-" 2
34
43
121
-il
:
45%
38
52%
64% / 80
36
v
'■* 39%
31
30%
123
;
110
32%
;t82
28vl-;^2%:Y'v'
:
.
127%
110% 110%
76
62%
41
67%'
"84
58
229
35%
66%
1952
87
'
82" '87
33,%
••
67%
A-O
y
?*■■■:,
41
A-O
-
22
33
*29%
m-n
2003
y^
87. i .-:f-V,
A-O
ref gold 4s
83%
83
XL X-
'
*82%
m-n
•
"
m-N
'
128%
109%
H6
108%
3
32%.
118
32%
'
"
—
■
■■■:
101
;
99% .1021%
■
101%
99
104
99
10
104
'
stamped
Lorillard
38
(P)
Co deb 5s
debentures
For footnotes
_195l
196?
see
;
v
■
*82%
j.
2003
.
5s stamped modified
4s
/
106% 101%
96 •"YiOl 1/2
-
'J,:.'
Lehigh Valley Terminal Ry ext 5s_1951
Lexington & Eastern Ry 1st 5s
1965
Liggett & Myers Tobacco 5s—__,
1951
Guaranteed
;; 94% 101%
i-l 11
'
■
84%
C'-
.
i._2003
—
stamped modified-
4Vis registered
*96
'-.!X
Y:.
—1974
Lehigh" Valley Ry Co NY 4Vis ext. 1960
Lehigh Valley RR—
stamped modified
'•■1
page 28.
r-A
«-o
__
•
•
101
*101
103
109% 109%
100% 101
89
101%
104
115%
115% 116
1
109%
115%
53
100%
106
Y
Steam
Corp 1st 3%s
.
5A2d
gold: i%S—
5 A General gold 5s-_—_
.5 ATferminaf 1st gold 5s..
St ref 4%s series A—
Prior lien 4s
4s
registered.
At
100%
f-a
*._
MS
101%
100% 100%
-
90
100%
105
102
__
109
100%
*100% 101
*102%
-
106
99% 100%
17
99%
106%
83%
85
30
80
102
82%
82%
81%
97%
84%
84%
1
81%
101 %
83%
83%
3
83
vva
80
80%
7
79
AS
90
90%
52
86
106%
89
89
3
86
1011/4
100%
J-J
85
a-o
f-a
4
95%
97%
90%
a-o
68%
65
751/4
72%
75%
60%
64%
78
J-J
-
60%
81%
286
64%
82%
118
T
72%
92%
78
61%
62%
60%
61
r-h
91
—
82%
17
99%
991/4
1
*101'/a
103
/---
71
69 %
a-o
103
110%
100
~
110
—
—
74%
97»/2
101%
99
v--
103
1-68
101%
82
81
""
^
77
72%
90
29
82%
81
*100
74%
57
*81
90
■
60%
16
61
-66%
82%
81%
58%
62
*59
r-A
94
61
34
62%
98
76
10
80 V
79%
J-J
90%
259
64%.
68%
a-o
f-a
14
647/8
80
4
68%
85%
58
53%
83
74%
70
M-N
12
10
12
271
7%
67%
66 '
67%
381
Map
35%
32%
35%
923
60%
263/4
20%
70
38'A
.'
*97%
M-N
m-8
3%
14
2%
3%
225
2%
5%
94%
941%
55
94'/8
104%
62%
62%
1
»
J-J
;
,
1940 •
1943
1982--
59
*104
J-J
,38
f-a
f-a
*__
15
107
34
*13
104
105
*33
77
103% 103%
99
J-J
-
—1937
1997"
1997
7%
98
9
104%
A-O
1963
Jan 1 2047
963/a
98%
m-8
*
—1977
—1974
8%
9
J-D
-
- -
registered
——2047
impt 4.%s series A
2047
Ref At Impt 5s series C_——_—2047
Ref As impt 5s series D
;
,2047
Coll trust 4%s
——:
—1975
Northern States Power.Co—
(Minn) 1st mtge 2%s
—1974
1st mtge'2%8
—1975
(Wise)
1st mtge 2%»
—1977
3s
Ref
124 %
15
100% 101%
*70
m-n
J-J
m-f
.
a-o
4a
A-O
127
11%
31
~
20:
126% 127
115
m-s
«
.
m-8
Q-J
Q-J
99
q-f
q-a
124
*98%
62'%
49%
136'/a
126%
128
128
-r.
98%
1133/a
96
109%
54
653/4
60%
98
»
33%
126%
26
99%
65%
20%
109
107
126%
491/2*
r47
7%
5
17%
101%
92
163
43
92
83
39
106%
10%
rl06
>1/4
"9%
931/2
IIV2
1.06%
;
79%
92
93%
J-J
Northern Pacific Railway—
General lien 3s
109'/4
115%
J-J
N Y Telephone- 2%s ser D
(5AN Y West-As Bost 1st 4VaS"~1946
Niagara Falls-Power' 3%»——.——1988
Norfolk- Southern' Ry Cor—
•
AGen mtge, 5s conv ino
—2014
Norfolk & Western Ry 1st gold. 4s.l996
North Centrah gen As ref 5s__i_'._ 1974
Gen
104
16
,
A-O
m-n
—..1954
1st mtge 2%s_1975
106%
31
104%
104%
m-n
m-n
Putnam, 1st cons gtd 4&;—1993-
&
101
101
102%
J-J
1940
—1957
1061/2
97
97.
—
J-D
J-J
1973
—1973
1041/4
102
21
__
*102%
J-J
99%
97%
39
98
99
*90
If-K
J-D
90%
90%
102%
*95%
j-d
m-n
(N Y Susquehanna & Western RR—
51st refunding. 5S^i_^_—~——^1937
'
Left Var Harbor Term gtd 5s——1954
4s
~~
F-A
1954
1st & ref sink fund 5s~.i—
<
;
V-
94%
94%
Y
:
97%
102
a-o
A__—.—2007
inc' 4%S ser A.2022
N Y State Elec; k Gas .2%s
r
,
A-O
106
531/4
p-a
ser
1",
N Y Power & Light
991/2
Ci'jv :
A 1st mtge income
reg_
-.-1976
Lehigh Coal St Navigation Co—.
;S F mtge-5Vis scr A
—1970
Lehigh Valley Goal' Co—.
78
60
100'A 103%
12
63%
a-o
(AN Y Ont & West ref 4s_..June 1992
A General 4s_
—--———1955-
i03%
84%
5%
•;
85
67%
55%
J-D
1980
4s series A
1st &. ref mtge 4s
1st 4s
88
i
32
84%
102%
102%
101
f-a
Louis—
B
AGen mtge conv
-
15%
62%
72
72%
*__
85
63
383
74%
(AHarlem River & Port Chester—
Lake sh A Mich Sou gold 3.%a
3 Vis registered
Lautaro' Nitrate Co Ltd—
77
74%
(N Y New Haven & Harford RR—
105%
1%
•
4s__——1951
2000
-2043
204?
§ A Collateral trust
'■99%
87
1%
Lack & West
4%s
187
;9
1998
1998
-1998
—1998
gold 3%s
Mtge 4s series A
Mtge 4s series B
102% 102%
'
180
1001/4 100%
"•
1st gold
N Y & Harlem
68%
112%
102
—
N Y Dock
1051/4
40%
II
*112%
A-O
1959
104%
95
J-J
82%
48%
f-a
F
1986
N Y Connecting RR 2%s ser B—1975
115 : "123%
:T
—■
1st mtge 3s ser
105
V
100%
.
40%
86%
75
J-J
-
C_——-——r-1956
Ref mtge 3%s ser E
105%
103%
J-J
—1964
ctfs—
99
•••"''115
J-J
—1997
Koppers Co 1st mtge 3s
tAKreuger & Toll
96%
J-J
1981
-
97
A-O
1961
unguaranteed
99 7'
1
85%
65
50%
MS
-
New York Chicago & St
105
100
100%
103 Va 103%
,
61
m-n
& Light 3s.—.-1974
3%s
—
registered
Lake Shore coll gold 3'As
3%s registered
Mich Cent coll gold 3%s__
3%s registered
1051/4
95
100
*100
A-O
1974
Plain
*—
J-D
A-O
Kentucky Central gold 48
_1987
Kentucky & Indiana Term 4 Vis—1961
Stamped
,1981
4%s
A-O
.1950
15
28
'
m-n
.
--
31/2S
93
K
Kansas City Southern Ry 1st 3s
1st mtge 4s ser A—
Kansas City Terminal Ry 2%s
96
J-D
.
impt 4%s series A.^
2013
Ref & impt 5s series C—-—r.2013
N Y Central & Hudson River RR—
- •
Ref
1
Kanawha & Mich 1st gtd gold 48—1990
Kansas City Power & Light 2%s
1978
74
A Certificates
30
40%
i
v
.
.
34
m-n
,
A Certificates
14%
28
63%
75
f-a
of deposit
series D
1958 of deposit
---r; •*
Alst 5%s series A
—•-——1954
ACertificates of deposit
New York Central RR Co—
inn#
98
43.
'
48
62%
*101
—
59
:
•;
73%
m-a
.
General mtgt
James Frankl St Clear 1st 4s
4
Alst 4%s
J-J
A-O
a
74
6
f-a
Alst 5s series-B__.—i—--——1954
a Certificates of deposit——i—-——--
>
»»% 101%
97%
^International Great Northern RR—
A
110
m-n
Great Nor 5s A__--—_1983
New Orleans & Northeastern RRr-Ref & Imp 4%s series A_r—-1952
New Orleans Term 1st gtd 4»_—_—1953
(New Orleans Texas & Mexico Ry-~_
Alst 5s series
ser C—j—
38
72
a-o
-
New Orleans
Indianapolis Union Ry Go—
,*v: Ref "it Imp 2 Vis
52
67%
m-n
1st 4s_—---1966
New Jersey Power
73
9,7%
951/4
90
50
MS
"
101 Vi
46
77.
:
*-.-
97
583/4
67%
89%
71%
M-8
,—7-7
103%
93
83%
88%
43
90
50%
f-a
^
-1963
100%
a-o
A
99%
.
.—1963
Joint; 1st ref 5s'series- A.____^
rlst-' A ref 4%s >eeries
3. jisfrfMf mtge 4s ser D--:
.
1968
19^8
1977
1978
99
.
58 Va
98%
J-J
series H
N J Junction "RR gtd
-
.V
——•
111 Cent and Chic fit- L, St N O—
433/4
J-D
1978
series A.—Jan 1967
debentures
3s
100
97-j
100% 100%
98% 100%
J-J
1st. mtgo 3s—1965 ~
debs^_—___1967 ^ ANaugattgck RR 1st gold 4s
.1954 »*
Newark Consol Gas cons 5s.—.—.1948 New England Tel & Tel 5S A——1952 - 1st gtd 4%s series B_
—1961 - -
100
96
1
53
54
54
1003/4
99
'
J-J
.
National Steel Corp
10Q
•
'
*951% :
.
F-A
95%
•
,
':■• ;! 5
'
4-n
National Supply 2%s
100.
96 r
97Vi
54
95
111
105 5/a
3
N
106
'67%
■
;
__
104
78
6
•1—
A-O
Nashville; Chattanooga Ac St Louis-*--•
1st mtge 3s ser B
-____--^-l986 .--•
National Dairy Products 2%s debs. 1970
102
100%
•
98%
J-J
80
M-S
100%
96
23
..
gold 4s—
93%
40
"
97
104%
•'•-7T-/'v:82Tn/:v
Y 82
F-A
Y'
96% 100
97 -vM
99%
"3
99%
78
105% IO53/4
i
93%' 101%
42
.-7;
99%
■
MHB
.
653/4
gold 5%s ser
102»/.
71
13
95% - 98 !•
;';.98% 100%
100%
100 /•
M-N-
80
63%
1st 65 ref gold 5s
106 %
98 %
101%
71
'
99%
J-J
19A0
1980
A 1st & ref 5s series I——;
1981
Moh'k & Malone 1st gtd gold 4s—1991
Monongahela Ry 3'As series B
1960
Morrell ( John) & Co 3s debs_—..1958
Morris & Essex 1st gtd 3%s
2000
Constr M 5s series A——-1958
V
Constr M 4%s series B_^
1955
Mountain States Tel & Tel 2%s—1980
A Conv
48%
100 Va
1
*100%
M-N
65
ref 5s series G_
100%
1033/4
19
100.
63
& ref 5s series F—
A 1st &
104%: 109%
47
m-8
80
94%
1013/4
■
——
J-J
General 4s
A 1st
90
75
,
MS
Term
79
2
A
102%
19
J-J
1951
Louisville Div &
140%
"
49%
,?94%T98
*101
1951
Collateral trust" gold
95
__
88 '
•17%-
J-J
Collateral
""
%
.
.
1951
gold 4s
•
gold 3 '/as—-
95
100% 100%
100
93
81%
5
a-o
102
97
;
78%
96
J-J
ref 58 series A.
A 1st &
80
96
'
3
*96
M-N
(Missouri Pacific RR Co—
102%
124 ;.
104% 104%
58 Vi
A-O
Extended 1st gold 3 %«_•___
1st gold 3s sterling
-*
.
87
M-N
F-A
.
1st
fc'8
J-D
93%
—,
*92%
-—:—-Feb 1957
Illinois Bell Telep 2%s series A—1981
Hlmbis Central RR—
V
.
; >
J V
1st
J-J
93%
,
*119
1st 5s A-—1957
Manhattan
AAdJ income Ss
V
.
*23
77%
66%
L.
v.-
•
J-D
series D;
adjust 5s
A Cum
M-8
4%s
lien
Prior
H
mtge 2%s_>1976
Hocking Valley Ry 1st 4%s
..1999
1st
—
•
84%
.1962
series B
40-year. 4s
Hackensack Water
M-N
May Dept Stores 2%s debs
1st mtgs 3s
71%
99»/2
84%
98%
98
—
*69%
*96
...
...
M-N
Mead Corp
117%
19
90
J-J
113
Mobile St Ohio RR
Gulf
Central RR 4Vis ser A
*981/8
J
J-D
1972
1966
Metropolitan Edison 1st mtge 2%s_1974
Metrop Wat Sew & Drain 5%s—1950
Michigan C""tral—
Jack Lans & Sag 3 Vis
1951
1st gold 3 Vis
1952
Ref & impt 4%s series C
1979
Michigan Cons.Gas 1st mtge 3%s_1969
1st mtge 27/aS—:
1969
t§ A Midland of N J 1st ext 5s,.___1940
Minnesota Mining & Mfg 2%s
1967
Minn «t Paul & Sault Ste Mane—
1
1st mtge 4%s inc ser. A
Jan 1971
AGen mtge 4s inc ser A
Jan 1991
Mo Kansas & Texas 1st 4s,
1990
Missouri-Kansas Texas RR—
Prior lien 5s series A
.1962
86%
97 Vi.. 1031/s
112
J-J
Feb
-1959
Greyhound Corp 3s debs
1960
coil 4s ser B
.1954
Manati Sugar 4s sink fund__Feb 11957
AManila RR (Southern Lines) 4s..l959
Maine
105%
1st mtge &
Feb
A Green
a
*103
J-D
& Co 27/8s debs
(RH)
Macy
>
61
63%
76%
72 %
to
J-J
87%
10
86
101
91%
104
J-J
93
92
93
18
J-J
93%
92
931/4
23
92
103%
m-8
99%
98%
99 3/4
84
98%
103 '/a
96%
104%
95
1041/a
963/4
1013%
f-a
-
95
A-O
a-o
*
r.
10
95
■
963/4
—..
27
THJi COMMERCIAL,&
(68)
'
«
FINANCIAL CHRONICLE
BOND
YORK
RANGE FOR WEEK
Monday, January 5, 1948
RECORD
ENDING JAN. 2
,
■
-
Period
Stock Exchange
Bid ft Asked
Sale Price
Low
Range for
Sold
•
Year 1947
Low
No.
High
Interest
BONDS
Bonds
Friday's
or
Interest
BONDS
New York
Friday
Week's Range
'
Friday
New York
k
Period
Exchange
Stock
1st
mtge 2%s
Oklahoma Gas & Electric 2%s
Oregon-Washington RR 3s
If-A
*02
1975
k-O
99 Va
107'/a
93
103 V*
93%
103
93%
4
102% 103 Va
44
102%
r-A
A—1960
ser
9
94%
•
93'/a
j.
debentures
3s
•
.
106%
•
2%s
debentures
&
ref
3l/as
series
I
1966
ref
3s
series
J
1970
Indiana
Paciiic
J-D
1st
&
ref
3s
1st
ft
ref
1st
ft
ref
1st
ft
series
3s
ref
3s
ref
ft
Pacific
A
J-D
1979
J-D
Q
2%s
debs
Paducah
A 111 1st s f gold 4%s
1955
Paterson A Passaic G A E cons 5s_1949
Gtd
4s
series
E
trust
Glass
ctfs__
Sand
A
Power
1952
sterl
Light
1975
108
102%
104 Va
97%
5s
4'As
series
series
97%
k-O
Jf-lf
4V»s
mtge
deb
1948
1981
E
1952
Gen
mtge 3 Vas ser F
Peoria A Eastern 4s ext
Income 4s
Pekin
A
Union
:—1985
5s
r-iV
104
1001/4
3
Terminal
100 'A
103%
Ref
110
122%
96 Va
118 V.
Texas Corp 3s
deb
107%
22
101%
125 Va
Texas
Orleans
102%
107%
105 Va
92
118 V.
1st A ref M 3'As ser
J-J
98
95%
98
67
91%
118'A
1st A
97%
97%
98'A
27
95 Va
103%
79 Va
22
77
101
A-O
77
J-J
•
17
57 Va
12
39
106'A 106 »A
1
106
99'/a
13
1974
F-A
1980
Jf-fl
98%
1961
.
Va
106 Va
Third
105
98%
J -J
117
*__
F-A
J -J
—
A
1971
J-D
1967
M-N
1st
A
ref
2%s
..1974
M -N
1st
A
ref
2%s
1981
J-D
97
1937
J-J
12'/a
13'/a
*9 %
Phillips Petroleum 2%s debs
1964
F
1953
Cons gtd 4s series G
Cons gtd 4s series H
9 9'/a
97
97
2
97
»
12»A
99
22
100%
14%
8
104 %
94
100%
102
r-A
106
S
101
125%
J-D
105
105
6
A-O
105
106
29
A-O
101
84%
■a
M-N
rH O
102%
r
4VaS
1950
1950
102% 102%
J-J
4
1958
J-D
*84%
A-O
A-O
105%
105'/a
.
90
75
1948
J-D
1962
r-A
*115'/a
C__
1974
J-D
*115
A
*
1977
APittston Co 5%s inc aeb
Potomac El Pwr 1st M 3%s
Terminal 4s
*__
:
73
*118%
*100
s
f
1st
.1957
1968
Jf-N
9
—
1
115
116
-116
J-J-
97'A
99%
28
91 %
17
91 Va
94%
J-J
94%
137%
105
94'A
31
100
79%
80%
61'/a
157
100'A 100'A
104
79'A
29
58'A
3
58'A
99'A
89%
*100
J-J
103%
91'/a
124
124
94'A
105%
107%
103
89 Va
*__
129
9 6'/a
15
103'/a 104 Va
96%
104%
A-O
100%
41
70
96
100%
104
105%
_5
94'A
94%
102
Jf-fl
*86
J-J
92
*102% 104%
.1064
J-J
Gen
Reading Co 1st A ref 3V»s ser D..1998
Revere Copper A Brass
3V4s
—I960
1977
If-3
98%
1934
Jf-3
.1949
83 Va
•81%
*101
J-J
1941
J-J
1971
If-3
1996
102 %
89%
97'A
97'A
97'A
3
95%
100'/a
97
96%
97%
6
96 Va
102%
98%
83 Va
94
104%
100
98%
100'A
111
107%
111
A-O
9 8 'A
9 8'A
1
98
106
Jf-N
94%
95 Va
30
94'/a
106%
*94 Va
97 Va
25
108%
97%
35
81%
103%
99%
1997
..2022
1989
78
12
.751/2
92 %
92'/a
35
89'A
102'/a
93%
100%
88%
100
64
104
62%
1
v
104
110
64
26
41
V
mtge 3'As ser D_
—
64%
Wilson
7'A
13%
Winston-Salem
13
7'/a
15 3A
tWisconsin
*
80
80
88
99%
99%
J-J
83%
81
55%
53
99%
105%
90
88
16
79%
80 Va
89%
46
£2%
75
101 %
85'/a
11
10
58
58 Va
60%
41
56%
60%
Af-Nf
98
58'/a
1 3
*—
95
-
93 Va
103
103
97
76'/a
57
95'
93%
55%
72%
106'A
100
99%
*~
u-s
95 Va
75
100%
103'/a
*103
J-D:
76 V.
,,
98'A
102 Va
95
106
21
93%
101%
25
100%
105%
116'/a
118%
'
95
S
100% 101'A
_1960
J-J
—1949
1st 4s
B
A-O
J-J
74%
75
Il936
if-n
17%
19
*109
118
131
79%
of
deposit
Wisconsin
Electric
Wisconsin
Public
Power
Service
20
*
94
82'/a .(
75%';
24%
15%
18
*14'A
2%s_. IIl976
J-D
*92
94%
1971
J-J
*104
105'A
1970
J-J
3%s__
60
21
94
102
103%
109'A
92%
55%
275
37%
57%
Yonker's Elec Lt &
Jf-JT
96
97 Va
14
96
J-J
8
83'A
2
83
78
Power 2%s
97%
97
101 '/a
90
105
J-J
•
—
3'A
93
95
40
•"
104%
a
J-D
not
F-A
1971
A-O
1989
U-N
50%
46%
50%
304
32'/a
51%
delivery sale
Deferred
Included in
—»
the year's range,
in
included
In the year's range
d Ex-interest,
e Odd-lot sale
Under-the-rule sale not Included in the year's range,
r Cash
y Ex-coupon.
>
not Included
n
—
__
106 Va
126%
130%
^Negotiability impaired by maturity.
+The price represented is the dollar quotation
pound unit of bonds. Accrued interest payable at the exchange - rate of $4.8484
101%
tCompanies reported as being in bankruptcy, receivership, or
the Bankruptcy Act, or securities assumed by such companies.
Co—
1QO"
99%
99
99%
29
__2016
68'/a
6 5'A
68 Va
186
*93%
94%
99
58 %
76%
93 '/a
98
•Friday's
a
flnnHc
not
6ale
the year's range,
105'A
*127
; ;
66
general 4s
101
83%
'
106
95%
92
97
~2
99%
•
Central Ry
■
93
106 %
2
100
_1958
1st mortgage 3s
Co
A
12
12
97%
97'A
u-s
J-J'
45
99%
101
Af-S
..1967
107%
109%
110
8'/a
94
89%
82%
.1970
Wheeling Steel 3'As series C_
105
106%
95
95
J-J
-
113%
1
5
100
U-Ss
.
108%
103
98
99'/a
J-J
guaranteed— .2361
103
106'A 106%
106'/a
u-s
.1951
99
105% 105%
May
.1971
60
100/, 101'A
*106
J-D
U-N
107 %
103
50
*99% 102%
J-D
A-O
54
'100
F-A
J-J
20
104
*51
103
Q-Af
Wheeling A Lake Erie RR 4s
Gen A ref M 23As series A— .1992
8%
93
"2
88%
103
F-A
.1960
§ ASu A Du div A term 1st 4s_.
ACertificates of deposit
■
A-O
1970
.2361
7%
:/ :
88%
Af-N
_1949v
7%
—
94
*92
U-N
3%s_. .2000
Registered
,1st
May
1941
2VaS——1966
78
89'A
1
4s
94
80
Apr
Co—
1st
Shore
1
82%
Apr
Apr
Westlnghouse El A Mfg 2'/aS
West
I
105
102
82'/a
Jan 1981
Jan 1991
.1948
1st 4s
Washington Terminal 2%s ser A. .1970
.1950
Westchester Ltg 5s stpd gtd
.1967
Gen mtge 3'As
West Penn Power 3%s series I— .1966
.1952
Western Maryland 1st 4s
Western Pacific 4%s inc ser A__ .2014
Western Union Telegraph Co—
.1950
Funding A real estate 4%s
.1951
25-year gold 5s
242
108
104
109 Va
108
Jf-8
Central Ry
Washington
164%
City—
100%
30
1995
Warren RR 1st ref gtd gold
111
162
,
103 V4
A-O
J-J
gold 4S.1968
1st mtge 4s ser A
AGen mtge 4V2S ser A
103'A
90 Va
*97
5V2S debs (subordinated)
•
—
J-J
1998
1955
A 2d
4s inc bond ctfs
Nov 1989
AGen A ref gold 5s series A
1990
gtd 4%s
St Paul Union Depot 3V8s B
Scioto V A N E 1st gtd 4 s
98%
98
89%
17
237
,
Baking
ACertificates
RR
96%
84'/a
2003
1958
gtd 5s
1st
inc 4V»s ser B
mtge
§ A 1st
cons
6
40
100 'A
*.„
113
■_
.
'98 'A
If-3
mtge inc 4V2S ser A
Louis-Southwestern Ry—
1st 4s bond certificates
106%
97
87
96'/a
104'A
Af-S
Ward
105%
7
If-3
1967
A 2nd
104'/a
J-J
107%
kf-J
1967
A Adir 1st gold 5s
2d gold 6s
St L Rocky Mt A P 5s stpd
St Louis-San Francisco Ry Co—
1st mtge 4s ser A
96%
F-A
1st
-
1969
A
20
Af-N
101%
8%
240
Jf-N
I
Bt Lawr
1955
A
2%s debentures
Jf-N
J
stamped
105%
98 Va
84%
Af-S
1957
30-year 5s
fSAR I Ark A Louis 1st 4%s
t A Rut-Canadian 4s
stpd
100'A
*98
A-O
1967
mtge 3'As ser B
..1971
Walker iHiram/ G A W 2%s debs_1966
Walworth Co conv debentures 3'As_1976
--
*141
H
Af-N
...1959
3%s debs
inc ser A
Gen mtge 4s
117
—
24
105% 105%
J-D
Rochester Gas A Elec
Coip—
Gen mtge 4Vas series D
94 Va
42
97%
A-O
...1976
25
94'/a
M-B
1966
112%
94'/a
101'A 101'A
101
r-A
1991
105%
107 Va
*106
A-O
J-J
1976
105'/a
••
"5
10'A
Jf-N
& Sons
103%
W
—
F-A
J-J
Seagram (Jos E)
98
J-D
98%
—
—
1972
RR
103%
_5
98'A
J-J
1975
5s
cons
103
•
101'/a
2037
Line
100
98'A
56 Va
106 Va
91%
*100
J-J
...1967
series B
4s
115
--
105 Va 105 '/a
.2037
Air
56
Jf-N
Virginian Ry 3s ser B
'
Seaboard
93 Va
A-O
113
J-D
J-J
J-J
5s
Kansas
91%
1970
Pictures
101
__
mtge 8s
Line
F-A
•91%
V—*
1964
.1956
Quaker Oats 2%s deb.
&
99
91%
73
102
1966
1977
4s__
Public Service El A Gas
3%s
1st A ref mtge 3s
Paul
5
Wabash RR Co—
B
§AShort
99
92
4
■
84%
84%
series
tSt
99
_1971
of Mo 3%s
Co
Va A Southwest
104
101
/■ ■'
*84%"~86
1960
series
St Paul A Duluth 1st
45 Va
J-D
debentures
Cons
10*
100'A
1
*101'A 105
1959
1st gen 4VaS series D
,
Apr
1
Jf-N
Virginia Electric A Power Co—
1st A ref mtge 23As ser E
1975
Va Iron Coal A Coke 1st gold 5s__1949
103 %
101
101
101
J-D
J-D
5s
Bt
104%
27
50
94'A
Vandalia RR cons g 4s series
127%
85%
.
Coal—
ser
105%
92
*3
93 Va
50
/
119'A
5s
3s
102
.
121V2
109 Va
4s
Saguenay Power
117
Jf-fl
2%s debs
Rubber
112
gen
4Vas
121
106
2%s debs—1961
Corp
U
117
Af-N
gen
RR
116'A
106%
*102%
102%
F-A
1st gen
tSARutland
103
92
93'/a
A-O
J-D
2%s series C
United Bisduit 2%s debs
2%s
—--1965
mtge 3%s series
mtge 3Vas series
mtge 3%s series
11
19
102 Va 102'/a
J-J
3%s_1960
mtge
Universal
*102
1st
Gen
105%
*106
Jf-fl
106
102 'A
109%
J-D
1st
Gen
103'A
vtv^v..
Ref
Youngstown ft Ashtabula Ry
Gen
91
105
105
A-O
J-D
debentures
2%s
/OU
ft
115%
1st mtge 4Vas series B_
1st mtge 4Vas series C
.*..
94'/a
128
169
RR—
Pacific
Union
107 Va
West Virginia Ry
mtge 4 Vas series A
*
89'A
112%
106% 108 Va
A-O
A-O
debentures
2%s
102
Pittsburgh &
■
23
93 %
92%
J-J
2000
1995
A
mtge
107 Va
1975
1st mtge
1st mtge 4 Vas series B
ref mtge
94%
74'A
89
112% 115
93%
A-O
1960
Jan 1980
coll tr 2%s__
Union Oil of Calif 3s deb_
1st
9
12
99 Va 100%
*__
105
107
1964
Pittsburgh Steel
ref
115
1st gold 5s—1949
Elec
A
Electric
Union
__1963
debentures
1st A
104
U
105'A
120
Pittsb Coke & Chem 1st
mtge 3VaS_1964
1st A
100
B0
27
94'A
J-J
1974
105%
Af-N
E
1st mortgage 3V»s
t A Providence Securities
83'A
100
4
80
105%
98'A
46
97%
r-A
Pgh Cine Chicago A St Louis RR—
Gen mtge 5s series A
1970
Gen mtge 5s series B
1975
t A Providence
Gas
1957
gtd 4 VaS series I__
Cons gtd 4 VaS series J
series
98 >/e
83'A
5
75 Va
1970
1990
income 5s
Adj
1960
r
Cons
Pitts
RR—
B
1st ref 4a
Ave Ry
Tri-Continental
97'A
97
98'A
J-D
1st
283
108%
4
97
99 Va
F-A
A L Erie 27/8S__1996
Pgh Cine Chicago A St Louis
Ry—
Cons gtd 3VaS series E
1949
Pittsburg Bessemer
Consolidation
85
87 Va
'
102%
90%
126 '/a
105
13
}§ A Philippine Ry 1st s f 4s
ACertificates of deposit
3 V2S
90%
84
97
81
—
106
.
2%s
Pittsburgh
130
120
—
11
107%
107
107%
116
.;
102(A HI
—
2%s
ser
87%
74'A
•
1974
^1977
ref
3%s
95'/a
100% 101
101
Jf-N
1st
Pacific
A
Trenton
ref
mtge
90%
A-O
3%s ser C
ref M
Tol A Ohio Cent ref A lmpt
A
Gen
103 %
92%
•
104%
94%
80
'
series
89%
10
J-J
..1985
gold 58
Gen A ref M 3%s ser E
Texas Pacific-Missouri Pacific—
Term RR of New Orl 3%s
Texas
75%
21
60'/a
21%
A
*
New
4 5
1st
gtd 4s
A
98
18%
4'As
Co—
109'A
*81'A
w
*
'
98%
81
J-J
-1969
series D
imp 2%s
95%
57'/a
B—r
tr
126
19
95'/a
J-J
.2019
imp M 4s ser C
98
1st
Cons
A
A-O
—¥
gold 4%s series C
series
.
?
of St Louis—
RR Assn
Ref A
211
21%
'
;
2%s debs
Co
102%
99 Va
Apr
D
General
100%
,
90'/a
90%
.87%
Jf-N
1971
1968
1972
Sunray Oil Corp 2%s debs
Swift' A
Phila Bait A Wash RR Co—
Philadelphia Co coll
Philadelphia Electric
90'A
126
98% 100
95'/a
Jf-N
1956
1996
1951
2%s
deb
16
A-O
Ry 5VaS
General
(N J)
•:: 1
1960
ser
•
.
J-D
2%s debs—1966
of Calif
10042
Apr 1990
1
Marquette Ry 3%s
cons
111'/a 113%
J-D
>
1984
3'As
10042
100 43
113%
J-D
-1968
D__
98
100Ji
r-A
.1965
B
series
204
92%
'
93
105
33
99
*..
:4,
Jf-lf
1960
A__
series
103%
39
106 Va
97'/a
Oil
98'A
94%
J-J
Bell Tel 2%s debs—1985
Oil
Standard
101%
5
103 Va
103 Va
A-O
1948
dollar..^
4%s
fund
4l/as
General
Peoria
J-D
1965
stamped
General
Conv
Standard
21
v
89%
Jf-8
ASpokane internat 1st gold 4%s_.2013
67
36%
1st
Southwestern
98
99%
-
•
Co—
—
sinking
General
♦Pere
104
1067/a
167
38%
♦104'/a 107
Jf-N
1960
3Vis
debentures
Cons
A
—
36%
38%
k-O
1960
Pennsylvania RR—
V Consol gold 4s
Gen
*102%
103
*103
Jf-fl
'
f
4s
104
J-J
Co—
1st mtge 3s
s
106%
103%
101%
t
High
91
*124
98%
F-A
1986
1996
1961
1994
1956
1956
2ViS ser G
gold 5s
Devel A gen 4s series A
Devel & gen 6s series A
Devel ft gen 6%s series A
Memphis Div 1st gold 5s
St Louis Div 1st gold 4s
104'/a
95
2
13
mtge
2%s ser E
Ry
Low
97
38 Va
> 98
rV. 90%
J-J
1994
No.
Co—
RR
mtge
Southern
92%
J-J
1977
mtge 2%s series F
1st
3'A
<
A-O
1981
1st
Airlines—
inc debs
Pennsylvania
Pennsylvania
3s
101 Va
90
35
91%
95
102
95
k-O
A-0
9
92%
■*28
s,
•
mtg 3%s ser A.197B
1st
104
96'A
98
1969
1st
Pacific
Southern
109'A
95
36
97 Va
91
J-D
198*
___1987
5
95
96 'A
J-D
1985
debentures
Pennsylvania
100%
*93
debentures
conv
109 »/a
100
Ry 2%s
4'/as
San Fr Term
109
99%
J-D
3 Vis
A3Vis
99'A
100
100
27/as
Pennsylvania-Central
101'A
31
J-D
1980
Gold
1-09%
4
S3
99 Va
99%
1981
series P
Tel
101 'A
103'A
99% 100
100
1977
N
series
101 'A
J-D
1974
series
27/bS
Tel
1971
L
series
1st ft ref 2%s
1st
K
M
series
3s
103
109
101'/a
*99 Va
Year 1947
High
91:
Co—
(Oregon Lines) A
4'/as
Gold 4'/as
108'A
*108
J-D
&
F-A T
J-J
J-D
1987
1st
1st
Sold
T
Range for
Bid ft Asked
92%
.1985
debentures
Southern
Pacific Gas A Electric Co—
•
1979
_
Southern
1st
1941
2%s
103'/a
A-O
Skelly Oil 2%s debs
1961
Socony-Vacuum Oil 2Vis————.-1976
South A Nor Ala RR gtd 5s
1963
sou mem Sell 1'ei A Tel Co—
19
10
22
100
100
A-O
___1975
11
10%
tonds
_
..1971
debs.
2%s
Oil
t§ASilesian-Am Corp coll tr 7s
10%
Bale Price //•
Low
Union
\j iisuu
Shell
J-J
Week's Range
or Friday's,
,'*■ Last
High
diltjil
JOfdensburg A Lake Champlaln Ry—
A 1st (guaranteed 4s
tjL
^__194«
Ohio Edison 1st mtge 3s__
—1974
.
bid
cPlUns'
and
flat.
asked
prices;
no
per 200-
reorganized under Section 77
sales being transacted during
current week.
of
^
;
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 167: 4 Number
I
-,
--y
,
(69)
•
■
•
•
•
29
■
YORK CURB EXCHANGE
AND
WEEKLY
YEARLY
RECORD
In
sales are disregarded in the week's range unless they are the only transactions of the week, and when selling outside tL» regular weekly
which they occur.; No account is taken, of such sales in computing the range for the year.
/,
the week in
in
footnote
a
>
'
'
-
NOTICE—Cash and deferred delivery
v
range
are
V-f-
shown
'
.
extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
ending the current Friday, Jan. 2.
It is compiled from daily reports of the Curb Exchange itself, and is intended to include every-security,
whether stock or bond, in which any dealings have occurred during the current year.
^
In the following
Dec
and
27
'
RANGE
York
Range
Shares
Low
Low
High
High
5%
Jan
Bridgeport Gas Light Co
Alloys
1
4%
5'/a
2,200
3'/a
Dec
12%
Feb
10
1
Jan
34
Oct
Bridgeport
Brillo Mfg
Inc
Aeronautical Products Inc
1
1
•
1%
13%
Associates
stock
capital
Shoe
Inc
Stores
2
common
Convertible
1%
*
common
13 ft
3,700
100
14
400
63/4
3ft
Zjft
400
7ft
3ft
100
10
preferred
5%
Co
60c convertible
Air-Way
Electric
Alabama
Great Sourhern
Alabama
Power
Alles
4.20 !o
Airlines
&
Allied
Fisher
Appliance
Bros
Feb
Aug
3%
Oct
British-American
Oil
1%
Dec
3%
Feb
British
Aluminum
$3.75
Dec
7
Dec
Amer
dep
15
Feb
Amer
dep rets ord reg
12%
Feb
6%
Nov
3
Oct
4ft
38
July
%
Class
American
British
Feb
Ltd
American
Bantam
3,600
48
93 ft
350
91
25
25
100
19
V Apr
14 Vi
14'/a
13
Dec
14%
195%
Feb
1%
Dec
5
300
1%
Dec
Nov
53
Nov
6%
•
109'/a
43%
44
150
■Z 1.100
15.ft
15ft
16ft
32
31%
32
16
3%
47 ft
Arkansas Natuial Gas
Aro
A
&
of
& Tel
48
400
32
34,000
%
%
46 ft
47 ft
4%
5
8%
9
8
8
5%
5%
4ft9Feb
25%: Oct
>,
48%
43
400
May
3ft
43%
Dec
May
4 %
1,200
7%
Aug
Feb
Feb
24 ft
~3%
3ft
%
ft
Feb
1%
63
v
,
5'/a
Jan
Feb
Feb
10
5%
3 ft
600
10%
1,100
700
5%
3,000
Oft
2,200
6%
15,400
10 3i
600
6
Oct
9 ft
Jan
5ft
Apr
7ft
Jan
Jan
3ft
Dec
7ft
12%
12 ft
13
1,600
14%
15 ft
2,700
£j
Jan
5%
Feb
11%
6% July
10 ft
Jan
Jun
9% May
10 ft
Jan
Nov
%
Nov
8ft
Feb
6% July
lift July
114
Mar
11% May
1%
Jan
7%
8
175
4%
Jan
4
3,200
3%
Dec
lift July
9% Feb
52 ft
54
Apr
63
July
7
Feb
37 *
Feb
425
50
4%
II
~7ft
5%
5.500
3% May
28%
29 ft
2,400
24% May
4%
5
800
4%
Dec
7
7ft
400
5 ft
May
14 ft
14%
300
17%
5
3
American
rets
Feb
Dec
Dec
27'/a Mar
2% Mar
5,300
15 ft May
23% July
9
1,900
5% May
47
100
n
9
Calamba
Callite
Jun
48
Dec
25
Feb
26ft
Feb
Jun
12%
Feb
n%
17
ft
%
■!£
3'ft
.
600
10ft
17 ft
500
15 ft May
19% Mar
16
19,500
%
Nov
l'/a Mar
5,500
2%
Nov
7
18
200
Electric
17%
Aug
Camden
Fire
Canada
Bread
3%
Jun
4ft
Apr
Dec
3% Mar
Convertible
Industries
Jan
26
May
Carolina
Nov
18
Nov
22
May
22
May
9ft May
*
•
10
10
100
lft
1 ft
42 ft
*
1
Kennedy Inc
Jan
Nov
165
54 ft
Light $5 pfd
Jan
33ft
Sep
45
Mar
300
6%
Jan
10ft
5
Dec
5,700
8%
*5 ft
*
.
5ft
100
50
55
1% May
43ft
7%
Biscuit
Carr-Consol
Dec
July
Jan
Dec
4%
Dec
20
1%
(J
Co
Wi
Casco Products
Castle
(A
6 ft
1
M)
10ft
10ft
100
•
common
7ft
2,100
43ft
Feb
8%
5,900
8%
NOV
17%
Feb
76%
50
74 ft
Dec
96%
Feb
7ft
6%
1
7%
7%
100
76%
common..
Power
Maine
3.50%
South
Central &
West
19%
10%
100
80 V'4
80 ft
75
common
Southern Air
Consolidated
Chief
42,900
8% May
11%
575
lift May
24 ft
Jun
71
75 ft
150
48
May
83
Jun
16
100
12
Apr
22 ft
Jan
13%
13%
100
3%
3%
3%
4,000
8%
900
13 ft
100
lift
27 ft
77 ft
Jan
19
Nov
8
13 ft
City
City & Suburban Homes
16%
5%
16%
17
ft
5%
Nov
Clark Controller Co
Clarostat Mfg
•*
4ft
2,800
4%
Dec
1%
1
Claude Neon
Co
Corp new com
'
1%
v
,
7%
preferred
„_30
los
American
Barium
&
I__i
common:
33%
14 '
34
14
14'%
250
.500
shares
IIZII
1
a,
5
"5 ft
~5%
~5%
8,600
i
~5%
~5%
100
i
Corp
12 ft rl3
Seelig Mfg—
$1.20 convertible A
Refractories
Bauman
700
Andes—
Steel
Barlow
Basic
.\Z
(L)
37 ft May
61
Oct
33%
common
Inc
& Co
common
Dec
42%
Jan
9% May
14%
Dec
8
Baldwin Rubber Co
de
55 ft
i
11
Apr
;July
3% May
16
1,525
6%
Oct
May
19%
Jan
5 ft May
7ft
i% Mar
v'
Jan
I)
41
Oct
f
>
.
t
1,200
350
13% May
27ft
20 ft
Feb
Colon
Colonial
Beck
(A S)
Shoe
Aircraft
Bell
of
Benrus
Benson
&
Hedges
Convertible
Berkey
&
Co
16ft
17
1,700
l
ft- 1%
2
1,100
Inc
l
Colt's
8%
10
1 %
10
~1%
40
1,300
»
common
•
Zl
Furniture
10,400
1
2%
1%
2
Sep
3%
Jan
1%
Dec
3%
Jan
il
Jan
15%
Feb
»
i
Dec
29%
Dec
;
|
Aug
9%
Jan
i.
If
28
7
100
6 ft
50
Inc
common
Birdsboro Steel Fdry
Blauner's common
Blue
Ridge Corp
Blum
(Philip)
Blumenthal
Bohack
(H C)
3
>
16
Dec
warrants..
&
l
Co
Inc
Co
common
Breeze
Traction
Corp
Brewster
For footnotes see
40 ft
i
page
700
8% Mar
t.
Conn
ext
&
preferred
$3
Consol
Feb
4ft%
Dec
11
Oct
4 ft
Apr
23
Feb
Consolidated Gas
May
35ft
Jun
Consolidated
Jan
Consolidated
Sep
2%
14%
9ft
7%
Oct
7ft May
6% May
G
E L
j.
Bait
F
series
preferred
24% Mar
series
_*
C
Utilities
Mining
&
Royalty
Feb
8
July
■!
3% May
7
Feb
!
31ft
32%
Jan
Continental
Fdy
Dec
Cook
&
Dec
Jun
17%
Dec
15
4
Apr
Paint
Cooper
55
Jan
Copper
132
Apr
Cornucopia
Range
37
Feb
200
9
Dec
17ft
Jan
Corroon
2,400
14
Dec
22%
Jan
$1
9ft
6,000
7%
Dec
20
Feb
Cosden
4
Jan
Co
Co
common
Co
Mines
Gold
Jun
v
850
25%
Jan
1,800
5
3ft May
33,700
4%
Nov
M
5% Aug
;•
36%
A Aug
25%
Dec
A
Jan
34%
Jan
.
-v
7ft
250
•
*
100
100
5
*
6% Nov
% May
34 ft
69 ft
110-
Jun
5%
Dec
5#
Co
1
800
Dec
83%
70
107 ft
Dec
118ft
Jan
60
101
Dec
110%
Jan
9%
Jan
85'ft
x68
8ft
1,100
77
/79 ft
2,150
x7% May
63 ft May
3%
1,300
2ft Mav
8ft
*
35ft
Nov
15
Nov
31
32%
3,300
14%
900
7%
Jun
2%
2%
600
2ft
Oct
13%
2,000
40
1
*
5c
&
Reynolds
preferred
class
Petroleum
convertible
A
common
Dreferred
10 ft
ft
19%
Feb
26
41%
Feb
May
10ft
3,250
8% Juiv
9ft
Dec
ft
2.700
iV Dec
10%
1,500
9ft May-
3'%
3%
900
2%
Nov
12%
12%
200
lift
Jun
-
3ft
1
6
5%
"51
6ft
51
2,300
50
3% Aug
10% May
2'ft
2%
10%
1
*
50
200
1,900
2ft
Feb
3'/a July
Apr
40
1
Jan
21 ft
12%
2%
Jan
Jan
Feb
71
14%
31
2
103
69 ft
3
8ft
79 ft
10ft
43
107ft 110
101
*
Coro Inc
9ft
Machine
&
Varnish
Brewing
15 ft
21ft
.:
10c
Corp
)
4% May
5,600
3% Aug
11
Feb
l'/a
Jan
15 V2
FeD
4%
Jan
14% Aug
3% May
6 'ft
Dec
Jan
51ft
Nov
36
33.
'
1,300
4%
10
Co
Car-Na-Var
8ft
120
Textile
Continental
7%
May
Consolidated
Feb
2%
37% May
'
1
Smelt Ltd
Oil
11%
300
26
Dec
11%
Jan
8,100
116
•
*
common
preferred
B
11%
10,300
10
Feb
4%
Dec
7%
X7
1
Coke Secur common
Jan
1
.
1956
to
Gas
Jan
3%
9
13%
May
6%
Machinery—
Compo Shoe
3%
8ft
23
■
180ft
17%
50
9
*
1
7%
40 ft
26
•
.
2%
■'ft' 17ft
600
Xll7ft x117ft
25
Aeronautical
7
8%
100
Light & Power
common
3 ft
17ft
•
*
common
7\% 1st preferred
Borne, Scrymser Co
Bourjois Inc__
Brazilian
7%.,
~8%
NOV
3
25
Community Public Service
Dec
May
lft July
132
15ft
~8 ft
___1
common
& Co
(S)
1
& Mach Co corn.*
9%
4%
4%,
* A
1
Consolidated Steel Corp common
Bickford's
4%
7
6,700
4,200
9ft
%
31ft
25
Co
Southern
&
*7
4
■»;
!■
1%
1,000
9ft
■' f,
1,000
29
6%
Feb
4%
Hotel Inc
Commonwealth
7
1
warrants
Manufacturing
Commodore
16
135 ft 136'/a
ordinary
& Iron
Fuel
9Va
4ft
•
common
Airlines
Colorado
31
I_100
preferred
Gay
5
l
common
Canada
Watch
l
Corp
Bellanca
Tel
common
Co
Colonial Sand & Stone Co
Vtc
Beau-Brummel Ties
Plow
Development
J«n
12,300
2
7
Feb
19
8% May
15 VB
15
11'ft
10 ft May
300
ft
J
*148
9%
27
f-v
;
•
"•*
Feb
9ft May
Cockshutt
Oct
'•
Jan
12ft
9%
•
Products Co
7%
i
Oct
1
Dec
9ft
■
.
4
20
Mfg
93
23ft
14 ft
1
common
Oct
May
%
2,100
150
112
110
Feb
7ft
Dec
..
1
Dec
May
14
•
1
Jan
Dec
3,200
5%
4
12
18
Lambert
50
12
9 ft
16%
Coal
69 ft
4%
10
27
&
125
15,400
Jan
Nov
14
Oct
200
38%
Nov
9%
Dec
8
70%
37%
10 ft May
Jan
25 ft
l'/s
15
Feb
Nov
4ft
24 ft
38 Vb
Stamping
23 ft
15 ft
Jun
2ft
70
25 ft
5
Jan
Dec
Feb
Oct
12
19% May
10
9
Inc
'
1
100
Mining
SChilds Co preferred
Service common.
Cities
Auto
9%
*
ctfs
trust
Voting
102
Dec
12ft May
10
4
*
Lines
21'ft July
Jan
15% May
80 ft
13%
13
5
Chicago Rivet & Mach
&
May
16%
com__2.50
Corp common
Cherry-Burrell common
Chesebrough Mfg common
Chicago
Jan
15
1
Amer new
Co
of
Mar
•9
8%
72
div ser
Conv pfd opt div ser 1929
Century Electric Co common
Co
Apr
11
16 ft
9%
preferred—100
100
100
100
10
preferred
Conv pfd opt
76
1
pfd
Corp
SCentral States Elec 6%
Aircraft
3
Apr
Dec
30
.100
*
Products
Light 4%
Central Power &
Sep
9
5%
Co—
preferred
Cessna
8,400
10
& Co
Corp of America
Central
1%
5%
6
2s 6d
dep rets B ord
Amer
Carter
Co
Ltd—
Carreras
Club Alum
54
Oct
55
'
•
Dec"
Jan
119
110
•
1
Jun
3
75
1%
43
8 ft
2.50
common
new
&
Jan
15
150
1
common.
Power
15 ft
9Va May
Ltd—
100
&
Co
18
•
Marconi
Co
....
,20
Nov
;i.
preferred
&
r
Jan
Capital City Products.
Carman
.
—
Feb
23 '/a Mar
Dec
20
non-voting...
Carey Baxter
Jan
5%
20
voting
B
Carnation
10
Alcohol—
A
Class
7 'Jo
Mar
Dec
2% May
*
Class
Canadian
8
6%
•
common
preferred
Industrial
Canadian
Jan
1,200
2,300
20
Co Ltd
Canners Ltd
Canadian
6%
7%
3
7%
17
*
preference
6ft %
3
5
Ltd
Co
100
7
1
Insurance
Canada Cement
•
1,000
2%
7%
1
Power
24ft
II
13 ft
2ft
4ft
£l
1
Corp
7%
B
,Banco
Feb
12 ft May
—
50c
pfd
Estate
Sugar
Clinchfield
Baldwin Locomotive—
Oct
%
3ft
.
2%
25c
rets 5%
Tungsten
Clayton
Babcock & Wilcox Co
Feb
32
10% May
17 ft
12ftc
Products common
dep
Chamberlin
3%
II
com
4%
2ft
19%
1
Charis
4
25
new
Jan
Feb
Wireless-
&
Cables
14% Feb
II
50
preferred
1,200
—' 'L
•
Amer dep
Corp
15»/4 Nov
•
common
21%
20%
18
47
2.50
Oct
3ft May
3% May
8%
—
Dec
Dec
8%
•
Co
Ring
Central Ohio Steel
July
114% Mar
700
~~% ""%
24
y98 ft Dec
4% May
110%
1
11%
16%
9
5
Ltd
Biscuit Corp..
Butler (P H) common
Catalin
500
\
6
10%
10%
6
5
6 ft
Jan
May
300
98 ft 100
1C%
*
Jan
Dec
6
%. Dec
42
1.300
Sep
16ft
1
Corp
17 ft July
29% May
16% May
14%
Inc
25
1% May
17%
1
Burry
Canadian
h
Jan
100
900
_«
Sons
Jan
35
Oct
1
Products
Collieries
May
l
class A
Steel
6#
2 ft
2.50
Voting Machine
Ayrshire
8,000
3%
♦
Corp
&
3%
3%
America__x__*
Automatic
F)
Apr
600
10
Automatic
(B
14 ft
._ZZZ_*
Corp warrants
Avery
500
8,100
i
non-voting
&
Laundries
Atlas Plywood
32 ft July
24 ft
•
Atlantic Coast Fisheries
Atlantic Coast Line Co
Atlas
Dec
35%
10ft
Refining Co
Associated Tel
28 ft
22%
X38 ft
Associated Electric Industries—
American dep rets reg
Associated
1,400
35
l
common
Light $7 pfd
Equipment Corp
Oil
Jan
35 ft
100
preferred
Ashland
Feb
24ft
22%
l
Manufacturing Co
Appalachian Elec Pwr 4ft% pfd
Argus Inc
Jan
Dec
£i
Apex-Elec
51
15ft
Ltd—
Angostura-Wupperman
2%
...
1
common
Co common
Jan
4,500
35ft
8%
Jan
21ft
•
reg
Sep
13ft
May
3%
49
m
37%
'ft 35 ft
l
dep rets ord
48%
Jan
Jan
5
common
Dec
Feb
113
Dec
15
47 ft
23
43%
29% May
10c
com
Dec
1%
40
Jan
16%
3ft
2
j
Oil Co
class
75
18ft
31ft
Z*
A
Products
Power
175
18'ft
2
6%
3,300
30ft
5
Arkansas
103
2ft
40
Anchor
Common
50
1%
•
Superpower Corp
Amer
Nov
Jan
1%
May
io
$6 series preferred
Inc
17
32
40
American Thread 5 % preferred
American Writing Paper common
Co
100
9,100
2
;
Angerman
19 ft
108ft 109 %
^25
7%
Nov
34 ft
1
class
4ft May
33 ft
20
Republics
Anglo-Iranian
1,700
25
Co
Chem
B
6 ft
19'ft
34 ft
»
&
V~6ft
ft
l
Products
Burma
Distillers
Co
Mills
California
i
common
Dec
12 %
550
.6
•
Piston
Burd
3% Mar
25
12
2ft
•
Class B
Cable Electric
8,100
1%
25
Feb
17 ft
Feb
96
Co
100
Dec
25
Jan
preferred
Rubber
Mfg Co
Post
200
Jan
105 ft
2%
_10c
common
36
Feb
100
176ft 180
Dec
1%
10
Feb
Dec
Dec
161 ft May
180
■
Mar
American Seal-Kap common
Amer
61
91
50
American Meter Co
Class
57
9 J '/a
70
American Maracaibo Co
American
ft May-
:
25
Laundry Mach
American Light & Trac common
6%
preferred
Potash
Jan
1%:
100
convertible
American
Jan
100
preferred
Metal
15
18 ft
--
k—10c
Bunker Hill & Sullivan
Aug
5
23% Nov
25
: Feb
.
1
.
11%
Buckeye Pipe Line
,
1
American
American
Jun
Jan
Dec
Dec >;
61
common....'
common
General Corp
American
5ft
11%
2%
13
•
preferred
Hard
Silk
500
100
American Gas & Electric
$2.50
(E L)
Bruck
20%
American & Foreign Power warrants
American Fork & Hoe common
American
Bruce
Jan
19%
1
convertible
Mar
■1:
f'.V
6% Aug
Class B_I
$2
Rubber
92
3%
Co
Car
Brown
108
100
•
Forman
Dec
Dec
200
common
Jan
7ft
Dec
3%
»
new
9
87
3
American Cities Power & Light—
Class A
American
3,400
£1
£1
dep rets ord reg
77 ft
6%
•
American Book Co
*4%%
75
5
preferred
Beverage
190
181:
British Columbia Power class A
Jan
3 ft
common
American
V
Dec
22
Feb
Jan
Dec
2s/a
common
America
Industries
Aluminium
..
Jan
10ft
6ft May
Lid—
4%
6%
Aluminum Goods Mfg.
Aluminum
81
87
1,200
26ft
Jun
31
•
rets ord bearer
Ceianese
Amer
Co
2
1
common...
of
Co
1,200
10','4
*
A
5ft
Dec
1
(Mich)
cumulative
800
7ft
High
Low
22 ft
'
Tobacco—
7
10% May
—1
Inc
Co
80
87
100
common
Products
Altorfer
6%
50
pfd
Internat Investing Corp
Allied
2 %
6%
Range for Year 1947
High
14% July
11%
27,500
3
Low
common
Brown
§A:re'on Mfg Corp
Shares
*
Oil Co
Dec
31
10
50c
preferred
2
7
,7
-1
J)
(N
600
5%
tor Week
•
2
5 ft
common—5
Mfg
Surpass
Ainsworth Mfg
Investors
23
Sales
Range
of Prices
Par
Dec
Hat Stores
Week's
Last
Sale Price
Exchange
2ft
Adam
Alaska
Curb
common
Co
Air
STOCKS—
700
Wire
Air
York
2%
Acme
Supply
New
Range for Year 1947
2%
Aluminum
Agnew
2
warrants
Motors
Acme
Aero
JAN.
for Week
of Prices
Par
ACF-Brill
ENDING
Friday
Last
Exchange
Curb
WEEK
Sales
Week's
Friday
Sale Price
STOCKS—
New
FOR
BBS
.
30
fHE COMMERCIAL &
(70)
FOR WEEK
RANGE
Week's
Range
Friday
Last
STOCKS—
New
.
•
'■
York
Exchange
Curb
,
'l
•
Courtaulds
Low
■
'!
"'• •'.
1
Crowley Milner & Co
•:
*
1
Brewing Co
Crosley Motors Inc
Crown
Cent
Cork
Petrol
1
Dec
Class
Feb
$4.50
prior
1%
6,000
1 %
Dec
2%
''
1,800
7%
Dec
14%
Feb
Goldfield
1,700
6
Dec
10%
Feb
Cuban
—3
18%
100
104%
•
4
May
7%
Dec
Feb
Gorham
100
15%
Dec
3%
3%
2,800
3%
Dec
7%
Dec
Graham-Paige Motors $5
3%
Oct
Grand
Gray Mfg Co
17%
Dec
26%
Jan
104%
104 Va 104%
Jan
Non-voting
Dec
107
8%
9%
250
7% May
17
Jan
7%
8
150
8
Feb
Great
13%
5% May
10% May
Oct
Grocery
2.50
Davidson Brothers Inc
34
13%
34
200
25
34
6%
6%
1
18%
7%
Dejay Stores
Stores
8%
class A
debenture.
Derby Oil Co
Detroit
3
common—
—»
&
8
ManufacturingFoundry-
Detroit Gray
Iron
Detroit
20%
21%
2%
2,100
10
22»/a
23 %
700
12%
•
5%
Aug
Hall Lamp Co new
10%
Feb
Hamilton
12%
Feb
Hammermlll
Dec
Apr
Ltd
600
8
Dec
Jan
Ya
70
Oct
9%
Sep
Dec
25%
Feb
Feb
May
8 %
Jun
Jin
<
47 %
May
9% May
57/a
14
Sep
24
17% Aug
11% Sep
4%
2,900
T
37/a
7%
133%
145
Jun
July
Apr
..
9
Nov
Dec
Dec
114%
Feb
9%
'
9
—
47 %
15 V2
Oct
15 Va
Feb
,'•39% Jan
9
100
100
:
Jan
Paper
Electric
Nov
9%
9%
8%
Feb
10
Bridge Co Ltd
Hartford
9%
5
*
common
37%
37%
200
28
May
40 %
Nov
56%
56%
56%
50
54
Dec
70 Va
Feb
5% May
Light
Feb
Hathaway
8% Nov
200;
Dec
Hartford Rayon common
3%
3%
3%
4.300
2% May
Feb
2%
2
2%
1,900
2
Dec
4
6%
6%
100
6V4 May
9
7%
7%
200
7% Nov
15%
500
Feb
5
Harvard Brewing Co
Feb
16
Apr
112;
95% May:
.
10
97%
'
common- 25c
25
1
1
Hat Corp of America B non-vot com__l
May
500
1,250
14
H
Jan
i
Bakeries Inc
Hazeltine
Hearn
1
Feb
Feb
Va July
17% Feb ;
9
May
13
.
Va
Feb
12%
8 %
2,600
8 Ya
Dec
10%
10%
1,400
9%
Dec
14% Mar
u.
11%
350
9%
Dec
25
Jan
10%
Dec
16
Jan
8%
5
-
8%
25c
Mining Co
Rubinstein
Helena
;'
15%
•
Corp
Dept Stores common.
Hecla
Distillers Co
7
101% 102%
Deo
155
-22%
2% May
200
13
•5%
100
100
136% 136%
44'-'45%
136%
'-•.'.44%
Oct
Jan
9%
2%
50c
r300
7Va
8 Va
Jan
10%
1,700.
1
Devoe & Raynolds class B
Diana Stores Corp common
19'/a
8 Va
100
Utilities $4.40 pfd
8
145
21%
15
68
Lime Se Alabastine
38
6% May
9% May
1,600
—1
Products
Steel
800
10%
10
>
'
.100
—
common—1
Gasket
m *7
10%
.56
7%
,_25
Products
38
May
6%
82
_50c
common
Dennison Mfg
Apr
7 9,200'
Ml
18%
£?.a
__
stock—
common
1st preferredNorthern Paper
Apr
28
800
33
"
~
104%
,1 %
Great Atlantic & Pacific Tea—
Gypsum
Dayton Rubber Co class A
Dec
•! Nov
% May
65%
—
—5
Oct
15,900
J
7.
..To
—1
1,100
19 Va
Jan
39
25% May
7% May
~~%
Jan
61%
<44
pfd. ..25
conv
39
Gulf States
Davenport Hosiery Mills
—
Apr
80
5
common
Lighting Inc common
Curtis Mfg Co
(Mo)__
common
Rapids Varnish.
2.5o
preferred
Curtis
Mfg
21
37%
17%
CvH.lOO;;;
5%
;
Jun
48
»
5,100
9%
Sugar
28 %
3% May
k
125,
-50*
7%
33
.10
28 y4
~"iL;
Hi
Goodman Mfg Co.
Gorham Inc class A
15%
3%
25o
1,100
'•'.">
50
28%
High
loir
3%
3%
49%
96
Consolidated Mines
8Va
6%
20
Range for Year 1947
preferred—
6%
>
3%
•
Shares
High
50
B.
Jan
i
—1
for Week
of Prices
Low
A_
15%
7%
Crown Drug Co common
Crystal Oil Refining common
$6 preferred
;■
Cuban Tobacco
43 %
25%
7 Va
i-iV '
A
Sale Price
Inc common.
Sugars class
6%
'
Atlantic
(Adolf)
Godchaux
Sales
Week's
Range
Last
:
Exchange
1% Apr
3
(Md)
International
Curb
Par
Jan
6,300
lVa
■;>
York
7V2
Dec
43%
42
42%
3
Croft
Crown
STOCKS—
New
High
,
4%
(ord reg)_jBl
receipts
dep
EXCHANGE
Gobel
Petroleum
5%
•
•>.
High
Monday, January 5, 1948
^
ENDING JAN. 3
ir1947
Ltd—
American
Creole
Low
Par
•;•;
Friday
Sales
for Week
Shares
of Prices
Sale Prloe
CURB
YORK
NEW
FINANCIAL CH K< )NICIh
.
10%
10%
100
2
9%
9%
400
5%%
__100
94 Va
95
4%
__100
73%
74
■
Amer dep rets ord reg
Dobeckmun Co common
Domestic Credit
Corp class A—_
Corp
—
14%
Power
900
3
Feb
19
Feb
Dec
19%
Feb
2% May
6,400
25
-H.'v
14%
14%
9%
9%
h
——
Feb
17%
Feb
Henry Holt & Co common.
22%
'i
100
Oct
25 %
Jun
Heyden Chemical common
9
Dec
9%
Dec
Hoe
•
<
71%
71%
250
67
36%
.—-
367/a
100
36%
76
—4
125
May
79
Jan
Dec
48
(R)
Durham Hosiery class B common
Duro Test Corp common——
Duval Texas Sulphur
—j
-
4%
14
''}
75
Dec
Hollinger Consolidated G M
106
Apr
14%
12%
2,100
10% May '
18%
Feb
Hormel
(Geo A)
6%
Feb
Horn &
6%
4%
preferred
15%
Jin
$7
Iron
May
97%
Jan
78%
78%
80
475
49
May
82%
Nov
57
Nov
35%
3%
Option warrants
-1
Horn
Corp—
-5
54 %v
10%
11%
11
10%
11
Eureka
2%
-10
p
147
75
4%
Hussinan
&
Mfg CqC.
~2%* ~2%
16%
1
....
$2.25 preferred.
Common stock
.
'
~8%
~9
Food
*1%
~1% 1%
1
44%
44
17%
Jan
~3.%
700
—.
3%
3%
5,800
I':--'
<
^
5%
-
Nov
9%
Jan
13%
Feb
Sep
Mar
Jan
Dec
Oct
12
Feb
11%
13
400
3%
8,700
2
31%
Falstaff Brewing.
Metallurgical—
Fedders-Qulgan Corp
Fansteel
11%
3%
31%
1,200
21
12%
14
7,900
12
North America
International Cigar Machine
pfd.
Insurance Co of
—10
.100
1
46
45%
46
2%
37
37
700
37
Class
B
Interstate Power $7
Sep
14
Jan
Feb
Iron Fireman Mfg
3%
Nov
Dec
43 %
Jan
Nov
4% Oct
6%
17%
3,900
16% Sep
20%
Feb
18%
100
18.
23
Oct
8%
1,000
_1
8
18%
.50
Co new
21
7
.
7
-
_10
«'
Irving
,
Dec
26%
28
7%
750
3
Jan
31%
12
General
5%
-
Jefferson
Glass
Co
Jim Brown Stores
New
preference
new
5%
38 %
12%
Feb
com
Kaiser-Frazer Corp
14%
NOV
Kansas
12%
600
11%
9%
10%
600
Dec
-
V
6% May
15
86
9
4%
87
.■>'
-V 50
9
2%
2%
r>.4% v 4%
6%
...
General
Phoenix
General
Plywood Corp
General Public
T>.
-10
pfd.
,
Corp..—
Service
8.
32
1
1,700
18%
32
<
->
101
Georgia Power $6 preferred
$5 preferred
*
Giant Yellowknife Gold Mines
Gilbert (AC) common.
1
-
1,400
1,100
:~3% "3%
96
114
Glen
Alden
Oct
3%
Jan
6%
Jan
May
7% July
-■
24
32% Jan
14
Dec
••<
9%
9%
Jan
Jan
100%
5%
37
Nov
Dec
109
May
Dec
17% Nov
5%
Gas & Electric
7%
300
45
23%
25
25
11%
12%
12,000
ll7/a
16%
17
For footnotes
25
19
Inc
II
5
see
page
33..
::
vi
100% Mar
Jan
21
.
71%
Oct
29
Jun
15%
% May
Apr
Feb
lOVa Nov
400
10
Dec
15%
Feb
soo
11%
Apr
18%
Nov
700
1%
Dec
5 Va
Feb
.
11%
2,100
8%
600
9% May
12%
Jan
6%
30
Jan
,
Sep
16% May
4% Dec
550
Jan
1%
22%
4%
1,600
1
4%
Nov
1
1,500
1%
18
17%
2,400
Feb
Feb
Nov
%
7 VB
•%
-
1%
Jan
114
96
114
May
4%
89
Mar
99%
Aug
~4%
Sep
Dec
Kobacker Stores.
pfd
1
100
*
17%
1
100
Laclede-Christy Clay Products
Lake Shore Mines Ltd-
115% Mar
110%
Oct
Lakey Founds? & Machine
Lamson Corp of Delaware
13% Jun
52% May
22%
Feb
54 Va
Aug
11%
Dec
17%
Jan
Sep
29%
Apr
Monotype Machine
La Salle Ext University.
18%
Jan
25%
Dec
Lefcourt Realty
19
800
17%
4,300
900
16
.
9%
13
Jun
May
Oct
700
4%
7%
Dec
Jan
36,«0a ;.£i H
15%
16%
Dec
5
>:50
9
v-
18%
Oct
125%
Feb
May '
26% Mar
r
May
6Va May-;-
,
Jun
30
15
200
9%
16
Jan
26
10% Nov
.14%
t-J
14 Va
r-AX■17
17
700
4 Va
?.
1,76
2,700
-13%
13%
r* 10a
Vi
14 V4
•X7%
17 y4
Dec
'
17%
.
-
•.:i'''^l%
v'
.17%
6
Sep —
7%
Jan
••
19
Jan
Feb
Feb
Dec
>112 July
25%
13% Dec.
Decir
14
Jan
69
>12% May
4
-300
•14
17%
:
500 •>'
17%
1ft
Feb
-Jtily
:38
Y
1,200
;
Feb
-87%
108
13%
Feb
in %
2,-160
:
.
Feb
20 -
Aug.
26 %
-"v. 19% Apr
7% May
1,300 !r
300
13% May
•
100
14%
5%
Feb
10%
t
'
18 Va
Sep
Jan
Nov
L;>
200
16%
Nov
122% July
12% Dec
5
11%
18%
Jan
6%
14
14%
Oct
19
13%
7%
Dec
24%
1
s
Krueger Brewing Co
4% May
800
22%
Jun
4%
.
1,100
25
Dec
3%
900
8%
5
24%
9 Va
1,100
4%
Oct
20
111%
1,000
6
4%
9%
Feb
3
50
9%
5
4%
(Walter) & Co_
27%
Coal
Apr
Ill
...
Sep
-
-
1%
9%
19
2.50
58%
.
1%
1%
5
11%
Corp.
85%
■13% Dec
6% Mar
22%
Oct
Lane Wells Co
Langerdorf United Bakeries
Class
Prior
common
preferred
Oil Development
Leonard
17
Le Tourneau
—1
5
1
(R G)
Inc...
;
10
,
~8%
10%
67/a
'7%
77/a
1
♦
25
1
12
>
Dec
5%
Apr.-«.
400
6% May
23
20%
24
20%
20%
300
50
100
15Va
Dec
21% May
12 V2 Apr
5V«
"9%
1%
18
900
7
May
Jan
15 Va
8%
Feb
Oct
9%
,
'■»
;
Nov
34
;
Jun
V24%
Jun "
44
9%
<"
Jan
26
22%
24
23
17% July
May
9%
700"
3,500_^
•
8V4 '
class A__*
5
5
100
16
"97/a
~
—*
B
Lanston
177/a NOV
Jan
common
1
>,-i6--y
.?
Jan
Dec
25%
200
_•
Glenmore Distilleries class B.
Globe-Union
9%
109%
~5
Co
Harvester
WlV'
700-
Knott Corp common—:
Fob
Feb
Jan
-Gladding McBean & Co.
Gleaner
21%
23%
IS
Feb
19%
104 Va
89
*
Preferred
Oct
8Va
Jan
Apr
6
501
100
10
5%
19
2,100
$6
preferred—*
General Shareholdings Corp com
1
$6 convertible preferred
*
Gilchrist
8
'
5%
i8%:
7%-,
•:
101
100'
1
Nov
10%
Kimberly-Clark Corp— ? 4%%
preferred—
100
Kings County Lighting 7% pfd B__1100
5% preferred D
100
King Seeley Corp
—1
Kingston Products
1
Kir by
Petroleum
1
Kirkland Lake G M Co Ltd
1,
Klein (D Emil) Co common—-,*Kleinert (IB) Rubber Co
10
Oct
Dec
May
2
May
3% May
22
Apr
S'9Ve
—1
11%
4
r
1,300
JE1
common.
General Outdoor Adv
Feb
10%
'6001
Feb
86
900
23
preferred series A.
General Fireproofing
Feb
14
Feb
Dec
General Electric Co Ltd—
dep rets ord reg
General Finance Corp common.
'
13%'
.57
1
—1
*
•
—,
6% May
1,600
*
Amer
14 Va
>14% Feb
-83% Dec
1
common
Julian & Kokenge Co
26%
8%
1
1
-t
'
.''6% Apr
•
May.
10%
?<
97%:
13Va
13%
-
Lake Sulphur Co
650
7%
•
preferred
:v
QfiV
96
•97%
4%
Dec
11%
100
Builders-Supply Corp
conr
10 Va
4
I
V
6% Dec,
10% Apr
;
12%:^r^400 ».
v.'sP*■"'.//
1
A
6%
8%
10
Gellman Mfg Co common
General Alloys Co
21V4 Mar
Feb
14%
,17% Dec
Mar
10%
jun
Jeannette
Kidde
Gatineau Power Co common
5%
preferred
ii^^OOO^
12%
Key Co common—
common.
Jail
64
1%
Air Chute
Italian Superpower
Kennedy's Inc
Corp
3,650
12
-—;
Kawneer Co
Garrett
31% July
•
11% Dec
23%
shs
voting trust ctfs_
<■; 700
12%
common.
Feb
Jan
Apr
16%
.1.23
Stores
;
20% July
5,600
1% Sep
Franklin
15%
13%
15%
preferred
Investors Royalty
64
5%
8%
Franklin Simon & Co Inc
4%% conv preferred
3%
Dec
International Safety Razor B
International Utilities common
Jan
4%
rets bearer-
Brewing Co
(Peter) Brewing
(Geo A)
Dec
22%
Aug
Ford Motor of France—
Fuller
32%
Dec
18%
Fort Pitt
Fox
Apr
4%
voting-
Amer dep
Oct
17%
JE1
Feb
..
Dec
51%
11%
Oct
4V4
17*%
—
Ltd—
Amer dep rets ord reg_
Ford Motor of Canada—
Class A non-voting
24
500
.100
Registered shares
International Products
13%
1% May
Fishman (M H) Co—
s 5c to $1 Stores
3,000
53 VA
Feb
49%
2% Oct
100
.
Feb
10%
May
.
17
coupon
May
36
25
15
51%
5% Jun
7% May
37% May
21
53
50
Petroleum
45
175
2%
47% Feb
Aug
200
24V2
•
Feb
9%
14%/Oct
42
300
International Hydro-Electric—
11
(Phila)
First York Corp common
$2 dlv cum preferred
Dec
Oct
7% May
•
79%. Dec
Apr
3%
Nov
12% Sep
700
25% X26%
JE1
Indianapolis Pwr & Light
Preferred $3.50 series.
3%
55%
<<
Feb
42%
.
'
£1
•
*
.5
^Ireland.
Jan
Apr
Apr
100
Imperial Tobacco of Great Britain
Jan
3%
28
Feb
116% July
Nov
'
Imperial Oil (Canada) coupon
Registered
;
Imperial Tobacco of Canada
2%
30%
43
75
78'/* '
25%
53%
May —
}I May
Dec
181
■
•
Imperial Chemical Industries—
Amer dep rets registered
111
27% Nov
'
Illinois Zinc Co common.
4%
44 %
Jan
300
«
■
,
*2-;?44 ;V''-
'
-50
convertible preferred
Oct
50
Aug
• Dec
3,500
-
.12%
X 24%
Illinois Power Co common
International
Fairchild Camera A? Inst Co_
Falrchlld Engine & Airplane.
:
Av*:.
12%
a-44
.
•
5
u-L
26%
Jan
24 %
1
.10
Sep
~W
.Dec
23
37
-
Feb
Dec
6
•
Products
7y»
1% Aug
<3% Jun '*:
125
8%
155
:>;T;v Dec
19,100
44%
8%
.1.
1
common.
Sep
Oct"
Dec
8%
10c
.1
14
Feb
29
jun
32% Dec
250'
50
77%
A .:
.
—LL-L
.1"
t —1-
Hygrade
15% May
42% Dec
1,800
Feb
Jan
.',147
44%
v''
•';-'76
warrAnts^ii^——
Hydro-Electric Securities
60%
2%
7
v,
12%
common—*
Refrigerator Co
Oct
13%
100.
8%
Aug
20
25
22%
•'?35.v-;:35
4%
Oct
2% May
8
preferred
—
Ford Motor Co
6%
-
8% May
115
May
1,000
3,700
225
17%
43
100
common
Association
3% "Dec
W-ft*'
77
„
Oct
4%
10% DIM'
500
•
(Harvey) Inc__.Oil & Refining
International Metal Industries A
Fire
1,900
Feb
57
Mar
108
Huyler's common
1st
preferred
42% May
6 % May
225
1,300
29,900
42%
17%
-
Corp Ltd
Pipe Line
Eureka
4%*
49
preferred
77%
May
17
—50
Inc
2,100
,
54%:
143
Inc
Derrick & Equipment
Corp
40
_1
common
convertible
10%
Hardart common
&
82
50
4
Empire District Electric 5% pfd
Empire Millwork Corp
$3
Jan
1% May
May
125
450
54%
__—
preferred
\quity
2,100
59
40% *11'
__1
Electric Power & Light 2d pfd A.
Esquire
3%
67
57'
s, if
1L%
common—
Share
7% May
'43
Co common
&
-
Electric Bond
&
3
65
B
Smsco
Dec
81
59
shares of beneficial int—
$5 pfd shares of beneficial int_
5%
4%
275
B
Easy Washing, Machine
Elliott Co
May
82%
Sugar Associates—
Electromaster
2 %
81
preferred series A
Electrographic
3,900
82
♦
Com
-
4%
23
Corp
$6 preferred series
Eastern
4%
.100
Malleable
Eastern States
1,600
■
.100
preferred
Eastern
9%
3%
Hardart Baking Co
Hurd Lock
prior
9
6%
23%
Humble
4% %
350
Inc
Hubbell
common.
Feb
2,300
56%
22%
Sep
5%
East Gas & Fuel Assn
x35 %
23%
9%
5
Holly Stores Inc
May
12
200
Mar
15%
55
.1
4% May
11% May
••■'"•
4%
Jan
85
Dec
72
1,000
21%
1
10
Horder's
7%
.
107
Dec
19% May
20
200
7%
Holophane Co common
rets ord reg
13% Feb
9% May
94 Ya Dec
6%
class A
& Co
•
Feb
Dunlop Rubber Co Ltd—
Amer dep
preferred w w
preferred w w
33%
mtmr,t
*
Oct
A
Dec
76
Co
Co
4%
Class
Heller Co common
10% May
1,700
•
—.
Driver Harris
Duke
27/a
1
23
Dominion Tar & Chem Co Ltd
Dominion Textile Co Ltd new corn-
11%
10%
1
Dominion Bridge Co Ltd
Dominion Steel & Coal B
Draper
17%
10%
£1
Jan
30
Jan
24%
Oct
7
Jan
12
Jan
44%
Jan
"1%
1%
6,300
1
8ep
2
Mar
17%
18%
2,100
16
Sep
29
Jan
Volume 167
COMMERCIAL
THE
Number 4661
& FINANCIAL CHRONICLE
CURB
YORK
(71)
EXCHANGE
RANGE FOR WEEK ENDING JAN. v
Friday
'
> r
-
<
'■
"
•'
;
■
•
Week®
,;Friday
■ .>
i
STOCKS—
'
New
'
••■>'
'
'
.
Line Material
'/ Low
' Par
Co
>!'_!£ 'V
•
gales
300
18%
20
'
Lionel
Corp
Llpton
Lit
Loblaw
Inc 6%
class
:_i—_•'
A'
19%
Dec
25
Dec
Jan
Ogden Corp common
liy8
Feb
Ohio
31
Jan,
Ohio Power 4%%
Sep-
29
Jun
27
f-: •—,!y*;■
x21
_5
___
Logansport Distilling Co
32%
Dec
•*»'■ 8 Va May
16 f" > 16 %r
____1
^Janv
50o
B
363/4
commoni
preferred
Natural
1%
•
;
class
Co
Brass
Oklahoma
Dec
Gas
Star
Gas
Corp
preferred
8"
:
-
;
*
'2,700
-«%;:'
' '%
21,500
58 Va
51 Va'
19'/a
%
1,800
%
18
,
2,050V V 46
li%
82%
Dec
17%'- 17%
2
15%
500
July
Jan
1st pfd
Pacific Gas & Elec 6%
Lighting $5 preferred
pfd
Pacific
Pacific Power & Light 5%
Pacific Public Service
--—5
,6%
100
5%
Sep
Maine
—10 -" ;Av*r«^;^<15
1,500
15 Vb
Dec
21'/a Aug
-*~1
Vff- 15%
12%': 13
1,200
12 Va
Dec
207/b
Jan
23%
Jun
25%
Jun
100". V'^37:'.
Dec
55
Jan
Mangel
Stores
common
___
'
•
Manischewitz
(The B)
Co
Mapes Consolidated Mfg Co_.
Marconi
International
Communication
Marion
Power
Co
r,
Vv
*
11—•
__
\
*1
,
''II
'
*
/
•
40:'-;;-.*
40a
'
7 Mi
Dec
Ltd—
27/b
_—£1
5
Dec
Mar
-"li'iy
*
7
900
9%
.-
10%
Oct
'
May
-11% May
Mfg Co
"
5
'
__1
common^
5
convertible; preferred
McCord Corp. common •'
6%
?7 ■-
6%
.20%
Feb
r.
400
13 V*
Jan
preferred
McWilliams
—../•:■
?
Dredging
Mead Johnson. &
«
,
V'J:
3i W X>eQ
;
*
11 %
1
___
24%
11 %
-400"
24%
500
-
Oct
28-
'
—
Memphis Natural Gas common
Menasco Mfg Co.
Merritt Chapman 8c Scott
57/a
5
5%
6
1,200
1
lVs
24-'.
v
4,400
% Jan
-'V.:-l,'7V<-'T,eb''
5% May •'
33
22%
6%
6%
800
~4Va "4%
Warrants
21%
2,700
22%
*
1
6%
2,000
-3%
V 22%
4%
..
Apr
93/4
Jun
17
Dec
200
9 Va
Sep
16
Feb
12%
Feb
Dec
'
8V4 July
■i
Perfect
;
111% May
•% :Jad
1,600
7%
Jun
33%
1,500
323/4
Dec
41% Mar
300
29 %
Dec
38 Va Mar
102 % 104%
230
101 %
8
15
15
Pharis
Tire
12%
12%
Metal
Textile
-
Corp__
25c
Participating preferred
Preferred
3%
3%
Sep
3Yb May
I
May
43% Sep
T
—__2.50
2%
—_.
1%
——_10
;
Micromatic Hone Corp
23 '/*
1
7'/4
_
1% May
5,100
9%
8V4
t c__l
v
2%
9%
1
Middle States Petroleum class A
Class B v t c
8%
500
-
7%
non-cunr
Midvale
Co
;_--_l;_5
14%
15%
15 :
dividepdsharesii.-:
*'*
;
/
•
_
19%
Co
Wohl
52%
Feb
13% May
20
Dec
59%
Jan
100
Dec
99
99
99
43
43
433/4
200
40%
Jun
61%
Jan
23%
23%
50
23%
Dec
28 Va
Jan
6
6 Vb
7,°00
aJ/4
Jan
7%
Feb
5%,
6%
700
5
Dec
11%
Feb
2 Va
2%
300
2'/a May
4%
Feb
~GVa
200
4%
Apr
800
52 V4
Dec
900
4:
Dec
9 %:
Oct
Apr
18%'
18%
"2% "2%
2,500
■:
Apr
200
103/4
Dec-
14
6
2,900
5%
Dec
12 Va Mar
9%
~6
400
11
3,000
9
5%
_v
-.■■■"
6 Va
,
common
——
8
1
■
-3 ••
Loan
,
:j3/a
3%
11%
173
;
12
Tel
13.'
Power common
States
&
•
•
10 r'173
' Dec
$5
194
/•• V V1;8<)0
.'-.
26 %,' 28 Va
'•,.'•
■
TeL.
97%-
98
^r^l3Vi:.;.13:V4'
,.•
*.^vT' 1T%%11%-
690
49%
Apr
63
8
May
11%
Feb
4% May
7%
Jan
Feb
83/4.
1,000
300
43/4.
~33/4
13
8%
Feb
133/4
Feb
96%
87
Dec
200
3b
May
11%
1%
5,300
IV4.
••':•:
10%
—
173/4
Jan
Apr
10%
Oct
95% Dec
103 %
Sep
Dec
110V4
Jan
25%
Jan
45%
Apr
14%
Nov
Feb.
7% Dec
—
Dec
8%
500
—■
v.
—%''■
88
903/4
.
%
>
—
11%
Feb
May
96
Jan
Dec
170
88
275
'
..
"
'
—"-
-10
j
8 Va
7%
—
13%
«
800
90.
;■;.•>
130
90
873/4
85
10
149
Dec
Power
Co
149
.100
149
—
—
•
Feb
Dec
5%
Jan
Apr
19%
Nov
24,100
13/4
225
15%
,1
Dec
Y:
2g i/4
Dec
Mar
37
Dec
97
N.
A--138%
Fob
R
>27% Dec
18 Va May
ioo-
July'
14% July
12% July
■
*-18% May
2?^'
Radlo-Keith-Orpheum option warrants-
2 Va
1%
Railway & Light Securities16 Va
10
—
17
'
Railway & Utility Investment A
Rath Packing Co common
N
■
Namm's
Corp
Inc
National
Hess
1%
5%
common
>
—1
35%
National Fuel Gas
National Rubber
Machinery
Car
National Transit
>97/b
>V
:
1*
'•
10%
_
Mining Co—
900
700
N
N
Honduras Rosario
Y
Sep
•."
18% July
Feb
4>
1,100
May '
5%
.100
2d
.100
•
com
98
-
116%
Jan
120Va
Royalite Oil Co Ltd
Jan
Russeks Fifth
67%
Jan
7%
Dec
2%
400
29Vs
150
83
Aug
10%
8%
96 ('■"
98 Va
21%
Bt
Jun
16%
Dec
•
7% May
.
10%
Jan
Samson
8%
1,400
.•'5,500
IIV4
191%
17V4
'
'7V4
191% 192 Vb
•
43"
-.43
•<
2,400
10,700
Northeast
North
Texas Oil
Airlines
Penn
RR
Northrop
Lawrence Corp
243/a
1,550
143/4 May
24%
Sep
24%
1,400
22
32%
Jan
43/a..
3,800
6%
Feb
2 Va
7,100
2%
Feb
•1,675
>: 32
27/s
3%
>4,900
-
92">
102% 102%
39Va
21%
6%
20%
41
25
Mar
r;:-:lJ27/aDec
_50
39%
Jan
Savoy
United
Oil Inc
Corp
Inc
-1
Novadel-Agene Corp
For footnotes
see
page
33.
10
Dec
107% Mar
51
Dec
10%
11
x53/8
2,200
3 V4
Apr
143/4 July
7% Oct
24%
24%
1,100
6 Va
Jan
24%
Apr
24%
15
Apr
18%
._
Feb
14
Feb
11%
-
3%v
3%
9%
•::
V
„
2,300
11%
4
100
2,100
91/4
9%
1,000
x'%
5%
1,000
10 %
July
Dec
Feb
6%
Feb
Sep
11%
Nov
Apr
63/b
Nov
3% May
*5
3%
13%
13%
13%
3,900
7% May
~50
37%
36
37%
3,400
27 % May
12%
113/4.
12 3/8
3,000
6Va
2%;
1,600
2 V4 May
1
2%
2V4
1
common
1,700
4Vs
100
323/4
200
3%
29,600
2 3/4
1,300
29%
2%
Jan
1 Vb May
3%
4Va
323/4
3Va
-25C
(Del)
Bayre & Fisher Brick Co
Bchiff Co
*
T
991/4
•
Dec
Dec
30 V» May
3,500
Feb
r
Name
changed (12-29-47)
Shoe Corp of America
Oct
Oct
Nov
5%
Feb
4
Dec
6Va
Feb
37%
Sep
Dec
3% May
26
16%
443/4
13
May
Feb
Bchulte
Jan
to
Bcovill1 Manufacturing
1
(D A) Inc common
20%
Jan
Bcullin
11%
Feb
Co
2%'
2%
7 7/8
1,800
21%
1,300
5%
"
Aug ;
183/4- Nov
6V4
Jan
Apr
37 Va
Jan
May
15 %
Dec
Dec
4-%
17
V
May
21%
Feb
4,900
2
% May
4%
Jaa
50
19
31
33
123/a
12%
1,500
8
.1
Securities Corp General
Steel
-
*
2%
23/4
3,200
2V4
25
common
32%
'
'
•
192 Vb
*
Dec
Beeman
45 Vb
Nov
Begal Lock & Hardware
44%
Dec
Belby Shoe Co
5%
Jan
Selected
17%
Dec
,f
•
7%
Jan
101%
Jun
110
46%
Bros
Inc
-
$5.50
Jan
Bemler
Feb
Sentinel
1
Inc
common—
1
5
stock
stock-
prior
Allotment
—
certificates
25
Radio
2%
25
2%
18
2%
9% Mar
31%
Feb
Sentry
Safety
Serrick
Corp
25
2%
17
18
78
79%
-
May
25
common.
Control
B
Dec
2
Apr
3%
Feb
1,550
13
May
21%
Feb
78
May
90% July
200
80 Va
Jun
92
5%t
3,200
4%. Dec
13%
1
2
2 Va
2,500
2
Dec
4 Va
1
1
1 Va
600
1
Apr
2
8 3/4
Jan
,_1
Jan
6,900
4%
Corp
class
2%
:
Inc
(R B)
2%
*
t
Industries
Convertible
1
"
Aircraft
Dec
Mar
15%
1
common-
Aug
2
Apr
100 A-'/ 30%-Apr
10
1
1% May
—1
14 %
:,'.-V8% May
:.: :'155V4 May
"Nov.
__
Co
May
3% May
x5V*
10 Va
Ltd
15%
Jan
*-
_5
Northern Indiana Pub Serv 5% pfd_ 100
Northern States Power class A
-25
10%
9% May
10%
North American Utility Securities
Central
122% July
IV* Jan
''••-!'•--Dec
'/ ll-> May
•
43
124
Apr
'>:°%%;May-
2,600
Rayon class A:
common
Dec
% May
700
1,'e
"7Va
Jan
Nov
Schiff Company—
13
163/4
3%
3%
24%
*
common
Salt Dome Oil Co_
il.
>
Dec
Feb
May
96
1
r7*/8
2%
Jan
Jan
110
IOV4
'
Jan
8Vb Mar
Dec
47%
230
__1
13%
233/4
25
1
Petroleum
Consolidated
10
19,000
12%
preferred
Northern
Co__
Aeronautical
7% May
28 3/4 Dec
100
.
6% May
18% May
5
Dec
lldll
3,000
600
ID/4
Sep-
93%
1.25
common
Ryerson & Haynes
Zi
North Amer Light 8c Power common i_l
B
Ave
Oct
1%
8%
*
•
Mines
Noma Electric
Class
2,500
10
•
Rotary Electric Steel Co
Jan
Apr
625
—5
Jan
55%
l3/4
1
3% May
1% May
ll6Va-117
'■■■
38%
23%
"4%
5
57
—5
Nineteen Hundred Corp B
North American
common
Co_
1,100
il
preferred
Niagara Share Corp class B
Niles-Bement-Pond
$6
Corp
Petroleum
1,900
15%
Class B optional warrants
Niplssing
Cable
Roosevelt Field Inc
Root
Ryan
Ryan
8 '/8
83/a
Oct
29% May
Feb
21
243/a
•
£l
5
dep rets for ord reg
15% Jan
15%
—1
1st preferred-
' 5%
3
'
common
•
Royce Ltd—
Amer
13
1
3,000
*
Class A $2 conv pref
1—______
11,600
1,300
5%
23/4
1
100
pfd F
Roeser & Pendleton Inc
10
10 Va
VB
81%
203/a,
5
Feb
Feb
31%
Co—
10%
,/ 8%
19%
5
——-
300
7%
8 Va
Radiator—-.-x-*-.-^^wLLi^.l
300
70
29
Engineering
(Texas Corp) v t c
Rochester Gas & Elec 4%
Rome
Feb
&
35%
2
273/4 May
200
51
1
Goods——.
/
—-
30%
X33%
1.V
*
Rio Grande Valley Gas
Rolls
•
30%
—1
Co
&
Electric
Rice Stix Dry
Jan
13
Dec
4% Jun
;f 80
Dec
420
Reliance
Shipbuilding Corp—
Niagara Hudson Power
s:
5
6%
May
13
10
Founders shares..
:
Feb''
(Robert)
Richmond
common,
.•
r
'
•—U-
*
5
Bit Co
Shoe Co
7>/b
10
lo
Y Merchandise
>
Roller
63%
1%
10
24
; ;r
•
12
6%
->£■/• 147/8 Juy
Oct
81/4
500
6
Mar
14
'
5
621/4
Y
4,400
2
Oct
V 39% Jan
?••■'.
Oct' :
33/a
14
5%
63 VB
500
Dec
18%
; /
:
Jan
July
'
85
11%
6.
•
Y &
9
IOV4
*
N
Oct
9
2,100 •Y
3Va
80
1
;
common
Y Auction Co common
~4%
4%
85:
____-_______-25
Arizona Land—___1
N
>
1,000
3%
81/4
100
1
13
May21% May/*
900
-
,
14-
Jersey Zinc_.
Park
'37%
.
17%
Clock 8c Watch Co—_l
convertible preferred
20
Process Co
15
27/8-
New Haven
New
15%
Apr
"4%
4Va
5
New England Tel 8c Tel
New
Nov
10%
9%
__5
Nestle Le Mur Co class A
8c
11:
1,000
101/4
1
(Herman) Corp
Neptune Meter common
New
3,000
37-
30c
Nelson
Reis
131/4
•
common
Jun
12%
"
«
Ltd
Regal
12
37%
4
Reed
Janv
43
Jun
Manufacturing
Raytheon
45
12%
2
common
National Union Radio
New Mexico
35%
1
common
National Pressure Cooker
12V4
,.;.
.,
——10
$3 convertible preferred
'16%; Nov
8
Aug
f'<>: 4y* Feb
-
1
National Radiator Co
Apr
43
•
National Mfg & Stores
4%%
5%
1,000
12,000
May
--•25''^^4%- •Dec
25
National Mallinson Fabrics
Steel
3%
''•*
3%
—
preferred
National
5%'
3-
,5%'
common
11% May
..
'
common
Bellas
National Breweries
1
Raymond Concrete Pile common-—;—*
10
:
Feb
18 3/4
14%
--
'
Voting common
Nachman
Nov
2%l Feb
Nov
1
feo
13%
»"
Dec
Q3/*
11
10 Va
Oct
8%
:
Quebec
»V 500
•m
4tt
Dec
93/8 May
100
Q
Jan
ioo
x8%
500
8%'
8 Va
*1%
Jan
193/4
10
393/4
ll7/a
—»
6%
10 % May
87
39%
393/4
3% May
3,500
^
87
'•
2,600
"43/8
12 VB
*
Manufacturing
Jan
Aug
17
Dec
Nov
8% May
8
Pyle-Natlonal Co common
5%
120
*
603/4
•
2%
750
„
2T%; 27%:,
46 Va May
4 Va
'
,
Dec
13
100
cumulative
Apr
V.; 3%
-
-
Murray Ohio Mfg Co
Muskegon Piston Ring common——2.50.
Muskogee Co common—.
10
40
14 3/8
of Colorado—
Quaker Oats common
6 %
preferred
7008 Vb
13%
125
Jan
Sep
Jan
Feb
42
583/4
July
41%
'
Feb
6%
,*
Dec
May
1
prior preferred
Pyrene
4
Dec
10
Puget Sound Pulp 8c Timber
Mar
|°rt
1%
500
•
preferred
Puget Sound Power 81 Light—
Mgr
v
*15%
^^:13% July
1,200
;
Jan
July
40
*
4% %
2
5,500
14
1
Gas
J|■?;&>:»& Dec
"4
;_.io
States
700
May
Corp of America—
10c1*;
Mountain City Copper 1 common—-l5c>
Mountain
10
101% I>ec ^7106
; -94.
30
-^24 •-JiXav**''30
:-May
6,800
173"
^
Feb
Feb
% *8%Taay;-':14. U
45 3--'M«y-V.': v>'B% Feb
:>2»fc'".:Tulyr
'3% Jan
"
Plan
Producers
*li
Dec"'
6%
1,700
A
••'.'•<'2%.' x2%
Society A
L—^i_l •:
Montana Dakota Utilities
Montgomery Ward A
r
Moody Investors partic pfd—A—l*1 V
Mountain
%'"'•• 1,300
__
C"'; V-: 6%
Corp pf Nevada
Prosperity Co class B
Public Service
27
5,800
45/a
2.50
com
Producers
W:Fteb ""
Jan
2%
83/3
1
of
21%
133/8
59
•
America
Metals
1%
—
•
100
Providence
18% Dec •.
VJ Vi" Jari V
Feb f-
6% May
3,200'
-
.
1
-
v
31% May
•
_■
Jan<
May*'..
.•1% May
preferred—'—_50
;
Pressed
—
2.50
common
1st preferred
Jun-
14 Va
200
Feb
Dec
13
25c
Co
Inc new
26
10
Corp of Canada common
Prentice-Hall
13%. Feb
91/4 May
shares
common
Alexander
Jan
56%
60%
11
50c
Pratt 8c Lambert Co
'
7%
7
'
P & L 5% pfd—___—100
Missouri Public Service common
:*
Mountain
12%
Scale
Feb
4%
Amer
Jan
69
56%
2.50-
Ltd
,
40
"2 A "213
&
7% Nov
5%
2%
Mining
114% July
4V4
_23/4
Power
Dec
103
100
533/4
2
50
Pittsburgh & Lake Erie
50
Pittsburgh Metallurgical common—__5
Pleasant Valley Wine Co
1
Powdrell
.
5%
4
1
NOV
Nov
18Va
Minnesota
Morris
3V*
;
103% 103 Va
1
31>
-
10
■
523/a
Rubber common
Johnson
33!
Dec
:•
Dec
1,300
\v 600
.
Feb
25
500
Piper Aircraft Corp common
Pltney-Bowes Inc
Pittsburgh Bess & Lake Erie RR
6%
13%
50c
Mining Corp.of Canada.
Molybdenum Corp
Monogram Pictures
3%.
Sep
July
Dec
200
25%
Pneumatic
15%
Jan
20
25%
1?
19%
*
common
convertible
Monroe
Dec
Jan
Dec
13
27
•
Polaris
18%
";";i2
-1,200
"2%
—jlO "i
Co
21
3%"
_50c
Midwest Piping 8c Supply common
Refineries,
4%%
7%
Apr
25'
Mid-West
Miller
Feb
Dec
12% May •
22,600
ty.-.
common
Oil
Feb
14 Vb
26
•
Mid-West Abrasive
Midwest
"
Dec'
3Va
7,400
■
■ •
fA > 8% Aug
f
x7 VB
Feb
Feb
:--VT6
700
10%
-
'
Ex-distribution
$2
1
Dec
3%
Apr
19%
•
*
Pinchin
Oct
May '••"->•••■12%
9
8Va
1,300
23% x24
Middle West Corp—
Midland Oil Corp $1 conv pfd
Midland Steel Products—
i
:..tA,-Vfi0-:-Jan-
5% May
7V4 Sep
12,400
8%
26
Pierce Governor common-
Jan
27% Mar
25%
Dec
11
Philadelphia Co common
Phillips Packing Co
"
3
800
15
Michigan Bumper Corp
Michigan Steel Tube
:
Michigan Sugar Co—
;
108%
-'-''v'/'
Oct
Sep
1/128
12,700
12%
Pioneer Gold Mines Ltd
,
'6%% A preferred;;—100
Messabi Trori Cnr
Mar
24%
1
20
Cotp_
&
Aug
15
*
Co
(The)
Circle
105
Feb
25
rl/256 rl/128!
100
pfd
Jan
105
Dec
12
100
Oct
95
15
•
Pepperell Mfg Co
Jan
:
Apr
:
15Va May
-
Oct
400
9%
30 Va
6
Water & Power Co
Pep Boys
"
1
Jhn
18
2.50
Traffic
Penn
l'T5
■'
4%%
& Light-
Penn. Power
Penn
"
-
May
12 %
17%
1
Jan
33 Vb
104%
1
class A common
Penn Gas & Elec
" Feb
45
"
8% May
"•
Co
Feb
Jan
50
17
7%;
Cement warrants
Penn-Dlxle
8% Aug
-
"
82.50
8%
12%
29%.
333/4
1
*
•
25
$1 cumulative preferred
-:^"67/b Aug
:
0%5Dec";'
200
r
26%.
25%
t
4% tDec
'
"
5%-
16%
—
Pennroad Corp common
100
■,
37%
29%
*
Patchogue Plymouth Mills
Peninsular Telephone common—
'
10
• '
Sep
43/4 May
Oct
400
1,400
*
Parkersburg Rig 8c Reel
commoni. :
Mar
7 VB
9%
Pantepec Oil of Venezuela Amer shrs—
Paramount Motors Corp_
1
Parker Pen Co
5
3'
McAleer
1st preferred
Page-Hersey Tubes common
Pan American Airways Warrants
Marine
Shovel
Massey Harris
**, 4
'
17%
•
$1.30
Macklntosh-Hcmphlll Co
.6 V»
Nov
116
323/4
17
B
25
25
•
-100
Pacific Can Co common
M
< j-
39
Dec
11
1
5%%' 1st preferred
Public Service Co
Jan
107
Dec
Jan
20
108% May
31
10
Jan
20
US
Jan1
"1,700
75
Jan1
90
Dec
Jan
3,700
Jan
1%
Sep
53
2%
1 % May
1%
7
O'oklep Copper Co Ltd Amer shares^—
Securities
1
Jan
11%
High
363/4
*
Omar Inc
21% Nov
Jan
7Va May
Low
107
323/4
1
Overseas
51
.
16%
1,200
,
18 Va
52
6% preferred B ctfs of dep___—
Louisiana Land & Exploration-—_—__l
Louisiana Power 8c Light $6 pfd—♦
Lynch Corp
1
46%
ctfs Of dep—.
A
"20 V* "20%.
20%
___1
Lojcjg Island Lighting Co—
Common ctfs of' dep
1%
V
common—_ _i_10:
Longines-Wittpauer Watch Co
1%
36%,
15
United Filters B
Oliver
"
Lone
Range for Year 1947
High
107
100
Old Poindexter Distillery
16% NOV"
5Va May
1,500'
Shares
O
23%
* 1,200
8%
.C-—■'•"■'
'
Chain
8 VB
Low
Feb
Sales
for Week
si Prices
Par
25 V8
1
Class B
Locke Steel
400
21*
preferred—
common
Groceterias
Va
20
21.
A'
}
10
—
_
(Thos J)
Brothers
Sale Prloe
Exchange
Curb
Oct
26%
,V;:i3% May
,
York
High
•"'"Low
High
18%
"
New
-^R^hge for YeaiUJMT'.
'Shares
Week's
Range
Last
STOCKS—
for Week
Range
of Prices
-
gal®'Price
York- Curb
—
13 %
July
Jan
Feb
Feb
Aug
31
32 " (72)
COMMERCIAL & FINANCIAL CHRONICLE
THE
WEEK ENDING JAN. 3
RANGE FOR
Week*®
Range
Friday
STOCKS—..
Ne*r York
Curb
f<ast
Sale Price
Exchange
Leather
STOCKS—
"5 Ma
2%
~2% ?' >
.
3Q0.;
.
•
17.
—25
Sherwin-Williams common .+—L
17%
;■
i 69
67
69
>
400
U
V 1,400
k'
; 24
.
a
Dec
9%
11
Waitt
"900
Warner
-
9%. Oct
■
312
250 V+f Nov
3% Sep
.£1
87
100
*
3 Ma
4 %
9 Mi
24
Apn:
7V4 May.
v
3,400
:
4
„
3 Mb
1,000
3 Ma
:
3%
Mi
9
4,900:
10 Ma
:
IO2M4 Apr
25% Oct
15 M*
400
4%
100
36 Ma
% 700
Dec
preferred—:
:
36
Inc
Brewing Co.—
Standard Cap & Seal common—:
convertible
preferred
Standard
Forgings Corp..
Standard Oil (Ky)
Standard Power & Li^ht
;>
Common class B.
4% Sep
.
Williams
10%, Nov.
5
May ;
3% May ,v
7
May
38 Ma
Nov
Jun
35 Ma
(R
Willson
Jan
27
Co
Standard-Thomson
(The)
300
700
Corp
V
>
Coal
C)
B.)
Co
Stroock
(S)
Sunbeam
Dec
8 Va
Feb
9
Dec
2%
Nov
25 Mi
36
9 Mi
6,700
r
:
900
18 Ma
21
300
>
3 Mb
18 Ma
■
'
3
100
V
17% Mar
-
10
500
9%
NOV
13%
27 Mi
28
1,200
27 Ma
Dec
1Mb
IMa
1%
8,500
lMi
i
—.
Dec
3%
1,500
7 Mi
Dec
12%
5%
4%
0OO
4%
Dec
2%
3 Mb
400
2%
Dec
4%
4Mb May
Dec
77 Ma
Feb
17% May
14% Jun
27 Ma
Feb
29%
Feb
8 Ma
Oct
5
;■
^ 2,100
'
__
*
.
r-:J.
8%.
8Mb
2Mb
2
7%
•:v"':7%
e.fc'oo
v
3% :
450
3%
Nov
*-
pfd
18
Texon Oil & Land Co
Tilo
Co
Corporation
Dec
10
'
&
Allied
600
Apr,
4%
8%
Jan
10%
34 Mi
19 Mi
40
13%
117
900
—
Toledo
Edison
4Mi% pfd
Tonopah Mining of Nevada
"
12 M4
400
1
Oct
60
79
May
93%
225
90
Dec
102 Ma
800
1
Dec
1%
5Mi
TrUnz
Inc__
Tung-Sol
80c
i
5 Ma
5,900
; 2mb
2m>
3,500
—
'n
Lamp
_
Works
convertible
preferred
•
si
104% 104%
4
106
105% 106
1958 :
El
...
Lt
St
Pwr
(Bait)
mtge
2%s ser
2%s series
1969
1976
Q
...1981
R
City)
&
Western
N
4s ser
Realization
Corp
Chemicals
Gas
of
Jun
32%
~9%
800
4% May
10 Ma
Union Investment
Union
Oil
$3.75
Union
Co
pfd
United
United
United
United
United
United
300
87/8
12 Ma
series
A6M2S
3%s
Power
Amer
Products
Chemicals
Corp
,
Power
Sec—
Milk
Products
; <
^
&
Canal
Sharing
10% preferred
United Shoe Machinery
U
S
Graphite
U
8
and;International
U S Rubber
Apr
Kansas
104%
Jun
Extended at 4%
90
3%
JUn
62
7%
2% May
9,200
47
Dec
26
100
Feb
7s with
% May
1.100
14%
20 Mi
19 Mi
20%
9,500
187/b
Dec
30
30
25
16%
Apr
Apr
18
Apr
ft
34
29
200
24
__
18 Ma
.
30
Securities
28
Reclaiming Co
Stores
14%
Consolidated Oil
Universal
Insurance
Universal
Products
—J50c
Utah-Idaho
10
....
Co
common
Sugar———
Power
&
10
293%
Feb
Apr
87/eMay
14%
Feb
5,800
11May
15
May
23%
Jan
2,806
2%
81
82
16
17%
2%
46
46
3 Mb
convertible
Venezuelan
Venezuela
Vogt
preferred.—
;
28
3 Mb
-
3 Ma
22.%.
21%
Manufacturing.—.
33.
20c
94
6%
11
25 Mi
7
24%
24
24%
42
25
41
25
42
12
25%
25
43
23%
24 Mi
42
29
125
25
42
5
24 Mi
J-J
98 Ma
98%
99%
18
98%
57 Mi
57 Mi
63
60
60
94
34
34
S;'"1
34
34
—
100
50
:
Corp deb 4%3
1963
to
1027/a
400
101% 102
U
101 Mi
105 Mi 105 Ma
39
105 Mi
109
101 Ma
107
1100 Ma 103 Ma
190
95
77
92
104
104
104
108
103
109
108 Mi
116
3s^_..1965
3Mis_.
1970
M-S
A-O
Spalding (A G) 5s—
AStarrett Corp inc 5s—.
Jan
32 Mr Mar
4%
Jan
Nov
California
5s
.
A 7-4s
12%
Feb
(Calif)
&
116
103 Mi
97Mi
lOOMa
102% 103 Mi
52
101 Ma
107%
102
ip.7%
1100
102%
F-A
trusty.—<——
1966
102
1
99
115Ma H5Ma
2
89%
;
104 Ma
117
70
75
8
68
27
27
3
23Mi:
4TMa
A-O
27
27%
28
24 Ma
47 Ma
34%
1946
—,.1946
stamped.;
11
J-J
35
21
75
A-O
.
(Hugo) Corp—
stamped—1
(Hugo) Industrles--
105Ma
108
1101 Ma 102 Ma
99%
99%
:
M-N
A-O
—1989
1950
97 Va
199% 103
J-J-
3rd
121 Ma
6
—
—1971
Gas
r
100% lOOMa
A-O
Elec 3MiS——1970
3s_—
collateral
Stinnes
M-S
Edison
Counties Gas
1st mtge
Dec
23 ya
j
1112
Southwestern
23
34
120
1101
Southern
Dec
29%
108 Mi
Feb-
46%
11
108
3%
Apr
34
34
170
Southern California Gas
26 Ma
34
106'
Oct
Jun
103 %
1100
J-J
138
Feb
;2%
J-D
104
75'",
Hydro-Electric—
coupons...1953
120
6M2S with Aug 1 1947 coupons—1953
95M4
80
93 Ma
Dec
C%-
6%
4,500
5%
Oct
77/a May
3%
3%
300
2 Mi
Feb
4
July
7s with Dec
1
1940 coupons
Sen
14
Feb
7s with Dec
1
i<H7
-
104%
107%
104
1
126 Ma Mar
-
65
102 Va
105%
6
3%
May
6
140
18%
8
103
107%
104
53
104
Southern
"
-
May
May
May
105 Mi
2
104
Apr
3
101%
59
111
138
89%
23
102
42 Ma
105
107%
103
A-O
A-O
J-J
'
104%
1—
J-D
—1971
1964
59
.
21
—
M-N
Dec
21
:
26
A-O
M-N
Feb
300
120
101% 101%
59
M-S
M-N
—.2004
1968
1st mtge 3Mts
3%
5,100
■-
25
A-O
.
1967
1961
Light 4M2S
May
10 M» May
2% Oct
—
...
1105
11%
...
For footnotes see page
9%
9 Mi
_5
Petroleum———1
Syndicate Inc
J-J
25%
25
1105 Ma 107%
6M2S Virith Aug 1 1940
$4
108 Mi
2
25%
25
24%
1952
Safe Harbor Water Power Corp 3s_1981
San Joaquin Lt & Pwr .6s B—
1952
Scullin Steel inc mtge 3s.
1951
Terni
1
—
24%
J-J
F-A
A7-4s 2nd
common——
104
105%
102%
J-J
England
Stinnes
Valspar Corp
F-A
5%s series A
207/a Nov
18%
1.6Q0
1
.
__
28
.
!
500
2%*
Light common—22
J-D
J-D
x78%8
1,800
2%
■-
1
1966
2
200
2Mi
%
102%
103
103% 103 Va
y,
jersey—
6% perpetual certificates
Queens Borough Gas & Electric—
July
2Mb
:
1103 Ma 107
M-N
Public Service of New
13% Mar
49 Mi
2%
,
1103 Ma 103%
F-A
Pennsylvania Water & Power 3Mis_1964
3MtS
1970
Piedmont Hydro-Electric Co—
6M2S with Oct 1 1940 coupons—.I960
6M2S with Oct 1 1947 coupons—1960
Feb
3 Ma
900
14%
2%.
16%
:
.10
__5
Oct
71 y8
__
_.
104 Va
1969
1956
mtge 3s
L—
Park Lexington 1st mtge 3s
Apr
Dec
10*
13 Mb
—
1
common..*
7%
Dec
9Ma
2Ma
103%
3Ms>s
Power
1st
Feb
Jan
60
*
68
107 Ma
H02^
v
103 Mi
Dec
10
4,450
39%
1
106 Ma
56%
59
Power & Light 3M2S
Ohio Power
Dec
38 Ma
„
58 Ma
39%
—5
103
104%
J-J
1952
Power 3Mis
N Y & Westchester Ltg 4s
Jan
54
"
__
54
l
common
84
65
105 Mi
tl02% 103 Ma
J-J
New
' 27% Feb
IMa May :
58
55
55
100
1963
Milwaukee Gas &
7% Mar
248
%
.
1940 coupons—.1952
1
Jan
45 V2 Mar
May
Nov
Dec
47
Mar
2,700
25
'
'Midland Valley RR—
Apr
300
92%
%
10
Universal
Utah
Kansas Electric
7
17%
1st preferred with warrants—*
Radiator common.—:
1
S
May
25
common
...—
U03
60
J-J
A-O
A-O
1957
coup)
Altalian Superpower 6s
100
United Specialties common.
U S Foil CO Class B—;
U
Feb
Jan
25c
.
—
Preferred
United
3 Ma
9%
_
Profit
124
—
100% 100 Ma
Hydro-Electric Co—
1 1947 coupons...—1952
11 Mi
dep rets ord regis
NJ RR
120
:
+76
with Nov
Dec
Molasses Co Ltd—■
United
106
—1952
Dec
17%
♦
68 Ma
36%
96
—1957
1%
7
—_
J-D
J-J
1955
1955
6s
7 V8
23Ma
*
^21 Mi
J-D
-
1949
,
A7s (July 1941 coupon)
^
5%
ft
common...
53%
10
125
1970-
F
600
2%
__
119 M®
25
97%
+50
1952
1941
1,500
17%
*
115
55 Ma
t34Mi
^
1957
1
1,700
10
Corp__
:
Corp common—
Light & Railways.
lOS^i
114 Ma
30 Ma
—
1963
E
7%
47
warrants—
Elastic
Gas
United
'$5
3%
96
1963
2
90
*
54 Ma
97%
1950
6%
56
50c
com
106 Mi
96 Ma
V
._
55%
-
M-S
Jan 1949
Jan
(Dec
series
A 7s
7s
100
common
99%
107
'
1114
—■
1958
6s
(Aug 1941 coupon)
McCord
92%
12
35
M-S
1948
1950
4s
ref 5s
&
series
Isarco
5% May
*
97
109
Bank—
Mtge
series C
A7s
Calif—
A
93%
103 Mi
98
May
1956
B
A6V2S
A 7s
Dec
*
Yards of Omaha
Aircraft
Preferred
United
of
series
Stock
United
Co
106
96 Ma
109
Uf-N
J-J
1961
Mountain
International
Dec
12
Residential
5%
7%
105 Mi
106%
76%
Mfg—
7'/a
__
103
104 Ma
108 Ma 109
A-OM
1 1940 coupons—_1953
1%
5
*■
:
18
31
402
80
196%
A-O
M-N
1965
standard
1st lien
Feb
11 Ma
10c
Corp
Canada
1100
J-J
.
1993
Indianapolis Power & Lt 3M»s
U
Union
J-D
1993
B
3M2S
Electric
Marelli
Debenture
Unexcelled
76%
RR—
mtge 4s ser A—
Fuel
79 Ma
Division—
J
Interstate Power 5s
Ulen
•'
97
106 ""•"
103 Ma
—
Indiana Service 5s
Dec
Oct
*
1954
(Bait
of
&
'
:
—
4M2S
mtge
180
103% 103%
jtf-Q
J-J
1962
Gas
Lack
1167
a-O
1989
—1977
:
Hygrade Food 6s ser A
Jan
~9Mt
—
104%
Guantanamo & Western
Jan
3 Ma
Mi-May
1% May
27
__
M-S
ref
Green
July
5 Ma
3
•
1
Jan 1966
Q-F
„
6M2S with Nov 1 1947 coupons.—1953
Jan
-
64
3s ser P..
5s
Oct
1Mb
-
1
5 Mb
37
mtge
Finland
Jan
1 Mb
90
96
90%
6M2S with Nov
Jan
SO Mi
2M2
1
87%
Elmira Water Lt & RR 5s
1 Ms
105
;r
105 Ma
108 V2
88 Ma
Ercole
7% July
Dec
96 Ma
M-S
Feb
Oct
19
63 Mi
110 Ma 110%
103 Ma
102%
—
''
J-D
111 Ma
1954
redeemed)
AGeneral Rayon Co 6s ser A
.
12
1100% 105
High
•
99%
106
Grand Trunk Western Ry.
Jun
98
...
101
64
Jan
Apr
5% Apr
30
97
j-j
Low
21
100%
38
ref
Gas
101 Ma
99
90
5s
mtge
Year 1947
No.
87 Ma
ref
Gen
■
Range for
Sold
j-j
Feb
88 Ma
1Mb
■
Bonds
101
99
M-N
;
1964
5s
Delaware
J-j
1955
5s
Gas
J-D
•,
High
Corp—
Dec
12
Friday's
1948
Electric
22%
49
-
or
Bid & Asked
115%
25 Ma
600
300
2,100
Week's Range "
Last
Sale Price
165
Nov
110
warrants.
Feb
Mi
98
(10%
Consolidated
'
Tri-Continental
~3
llOMa
12% May
52
'
Dec
165
19
14%
■
Jan
~2Mb
30
Dec
50
--
14 Mi
7,600
99%
Feb
15 *4
V-
Dec
2 MI
2Mb
98 Mb
Dec
16
1
Dec
J-D
14
21%
100
—
21 Ma
v
'
1998
44
7
Trans Lux Corp__
Feb
Jun
Period
1970
A
20%
Apr
14 Ml
C
5M2S
1st
May
May
13%
90 Mi
ft
1953
Jan
8%
20 Ma
■
3Mis
33
100
21
*
16%
9%
Dec
122
Jan
11 Mi
.
44
V1
14
„—"■%
100
1,000
1970
3s
6s
Shipyards Corp
Feb
13 Ma
18%
9%
2
;
2M2S conv debs
Tobacco
Todd
Dec
108 Ma
18
Interest
1st
Jan
10% May
1
Security Trust Co Ltd—
Amer dep rets ord regis
Amer dep rets def reg
May
v
Feb
19 Mi
13 Ma
18 Ma
•
Exchange
1st
Nov
29 Mi May
122
44
«
Jan
21%
■
Dec
5s
redeemed);
Service
Consol
Jan
16%
100
1
Construction
Stocks
Jan
Cs
States
Debenture
July
20 Va
5,800
1
Realty &
Brewing Co
Dec
11
Jan
19%
0.;
11% May
103
1960
Debenture
35% Aug
May
;
5
common
Tishman
Tobacco
12%
13%
—
5
Roofing Inc
Tivoli
30% %
11%
120
2
common
10%
30 Ma
50c
Shovel
13%
r
Dec
8%
MO Ma Nov
->4% Dec
475
Oct
8 Mb
20 Ma:
V:'
2%s__
Debentures
Feb
12Ma
-
Cities
Sep
6 %
100
10%
12
100
Textron Inc
Thor
loMa
•
Dec
2,800
Dec
Nov
21
Dec
.
£i
C
(10%
ASMas
Feb
32
Dec
12 Mi May
3 V8 Jun
1,200
a5s
Jan
26
4,200
14%
.v:
2%
SCentral
Jan
19 Ma
.350.
..
%
16
14 Mi
l
common
6%
1,300
15
19 Mi
.
May
11%
225
'-5%
18%
31 Ma
:-••
Dec
13 *
-
.
4Mas__
deb
Steel
Edison
A 1st
Technicolor Inc
Sep
400
100
,
Power
Tel
series
1st
Taggart Corp common
Tampa Electric Co common
27
700
:
18 Mi
2
Curb
Elec
&
Bethlehem
Boston
Feb
17 y2
13 V4 May
7%r;.
6 Ma
15 Va
5%
13 Mi
%
1,150
31
,
25c
Dec
May
7
■J
—
Jan
11 Mi May
'
300
21
—_*
1%
soo
1%
v-
6%
.3,5.00
7 Ma
14
19 Ma
30
.300
2%
v
1 Mi
1
5Ma
Dec.
Apr
H13%
14
18%
37%
Jan i
;18.
v
12
1
City Electric 3Mis
Telephone of Canada—
5s
Feb
60%
Bell
Feb
9%
4 Ma
2C Mi
■
Jun
200
11 Mi
•
Atlantic
Nov
4 Ma
•
-
300
8
l
Electric
Tel
Assoc
Feb
130
May
York
Associated
Feb
100
New
Appalachian
Feb
100
8
7%
4%
25
Low
Feb
105 Mi 106
105 V*
'. ."••'••19% •*Dec,
160
Now, "
May
Mar-'-'
''25*-; May ' -••."a *2
105
14
Friday
Feb
4
Dec
Feb«
''•'•2% •Feb ►:
Oct'
"•8%Jani*
10
12
BONDS
%
32 Mi Mar
1%
,
77/a
25
Ltd—
Feb' v ':
>;-.v
6V» May
20 Ma
19
7%
pfd
3%A'Dec>.'-' ■ <1^ 8%
14
K137/a
11%
w
.
—n
Feb
4% July
21 Va July
May.
9%
28
1,800
160
*
common
w
27 '-'"i Feb
■
5
i
1
.
111 '. '*Feb^- ;aav7fl3%:
;19Ma.
1..1
Co
FCb
••• 5%'
•:
200
; ;
23 Ma .23 Ma
1
Petroleum
Eastern
Tnew
•
.
•
?
Dec
26
Jan
Dec
10%
22
3
10
Light 7%
1"'
1,000
113% Apr
a
Jan
10
•
Power &
*
5 Ma
1
Inc
(F W)
19
160
10
common
Lackawanna
Texas
.2
.
•'13%' ?'Feb
i
Dec--
10% Dec
Jan
1Mb
12%
—
41%
4% Mav
—5
._.l
Cqrp
Jan
100
1
Corp
Aug
Vi May
4
300
*
Sun Ray Drug common
f
Superior Portland Cement, Inc.
Superior Tool & Die Co__
Swan Finch Oil
:3%'
2
10
American
deposit receipts.
6%
preference
Wright Hargreaves Ltd
8% Mar
3 Ma
V-
1
& Co common
Wool worth
Jun
16 ¥2
,
1
(Hugo) Corp
Stop & Shop Inc—
Woodley
29 y2
r*;
21%
3
1
Stinnes
33 Ma July
Dec
6%
10%
•
common
Aug
Dec
46
1Mb
*
__
(J.
3%
"
A--
.-Jan'•••>>
Dec*
Dec
<1%
.
900
.5,400.,
t
com.. _*
Wbodall Industries Inc
Dec
22
V
1,900
900
22
1
1
& Co common
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Engine Co
Sterling Inc
Stetson
•
1,600
'
>
.6 Ma
.
——20
*r
preferred
25%
110
.
,
5
''
(A)
.1%
12 Ma
5%
;
1st pfdl._100
Stationery
Brothers
5%
34%
1Mb
1
Steel Co of Canada
Stein
&
Products
Wilson
Feb
6%
,
1
Corp
^
:>*4*%.
—1
Standard Tube class B
Starrett
1,100
4%
41%;
4%-
•
Products
23 Ma
41
*
Preferred
Standard
j
,__l
(W.m)
& Co..
Wichita- River- Oil Corp
Wickes (The) Corp
"
41%
10
1
20
1
10
;—1
-
27%
22
2.78
1
common
36
26%
35
•
Standard
$1.60
35 Mi
*
—
Convertible
IMa
10%
-5%
3%
Ji.25
Whitman
Feb
.
27
25
25
25
.10
5
-
preferred
Dredging Corp
warrants..^
Wisconsin P & L 4M2M0
Southern Pipe Line
Standard
1
I
Weyenberg Shoe Mfg^.
Jan.
8 Ma
,
High
1%: JUttA
X8
109%
30
^
Manufacturing
Westmoreland
.
Southern California Edison—
Stahl-Meyer
400
....
Western, Maryland Ry. 7 %
Jan
5%<-Apr
-
2Va Mar
9 Mi
.
4%
10
Royalty Co..
Spencer Shoe Corp.——
sod
Aircraft,Corp.....
Winnipeg Elec
cum
2Mb.
.9 mi-
Cojui.
Western, Tablet
Dec
27
20
88
:~9Ma
10
36 Ma
Southwest Pa Pipe Line.
4/32 %
1%
Westmoreland. Inc.
1
1
1
———1
Southland
Low
9 Ma
.We«t Texas. Utilities $6 preferred^—•
West •,Virginia Qoal, i Cokej_.„—^„5
"
3 Ma
5% original preferred
4.48% conv preference
Range for Year 1947
High
•
Inc
Ward. Baking* Co
v,'
39% Jan
Sep
6% Ape
140
7 %"
12.50
SOuth Coast Corp common
South Penn Oil common
7 %,
251 Ma 258%
1
.100
—1
—
Bond
&
,
Wentworth
36 ya
Solar Aircraft C<x.——
Manufacturing Co.;
Sonotone Corp—
Soss Manufacturing ...common—
Share*.
-
$3 convertible preferred;.
Simplicity pattern; commonv—___
Singer Manufacturing. Co———
Singer Manufacturing Co Ltd—
Amer* dep rets ord regis——
Sioux Citjr Gas 8? Elec COr—
3.90% preferred.:.—
Smith (Howard) Paper Mills— —i
Solar
Low
.
Feb-v.;
17
for Week
of Prices;
100
$2. cum: pf
Waltham Watch
;
Dec
/..Oct;.
13.
.
95'r'Dec
• 1,025:
,
Sales
1 Range
ext.*
<7%., preferred
Publications
Simmons-Boardman
_*
Co
Barking voting trust ctfs
Wagner
v.,
Feb
27
Aircraft
Waco
Dec
16%
11% Apr
;;
.11
Silex Co commonr--—
,
Dec
•
W
Sep.
115%-Juiy..
■
l6%
Par
73
106% May %
200
16%
...
Sale Price
-
Ja%
:
Week's
■■v
ft:,'
Dec
17Ma
.
,22%, Oct
16%
Shoe. Corp of America class Aix
Siclc's Breweries Ltd.-——-
'
Exchange
-
4%, Fed
■
9% May
67-
Sherwin-Williams of- Canada—.—
1
Jun
16 % No.v
.
..
<
-100
] <.:' *%•, jpreferredi.-—
16 Ma
2 M« May
5,200
17Mi.: :17%,'
Shawlnigan"Water :&■ Power——
Shelter Mfg+'Cfk.:.;.——_—-A...„_
High
Low
High
York- Curb
"New
Range for-Yea# 1947'.
•
11%
5 V\
Friday
Last ■;
'
Share®
common-—
Bhattuck Dfcnn Mining-———
<
Sale®
.
lor Week
■
ef Pricei
Low
Par
Seton
•"
EXCHANGE
YORK CURB
NEW
Monday, January 5 <■ 1948
United Electric Co of N J 4s.
United Electric Service
1949 *
—
J-D
32
34%
'
103% 103%
~3
103%
106 Mi
Co—
1956
coupons—-—1956
.;
."
34
120
34
1
32
34
NEW
'
•'
4
&; FmANCtAl, CHRONICLE
COMMERCIAL
THE
Number 4661
Volume 167
CURB
YORK
(73) :33
EXCHANGE
RANGE FOR WEEK ENDING JAN. %
Week's Range
Friday
Interest
bonds
■
"
V New York
■»;.
Period
Exchange
Curb
a or
Last
■
Sale rrioe
»»
u
tv.
Waldorf-Astoria
A 5s
West
___1964
2030
f
s
bonds
New
York Curb
Interest
5s
107'/a
A- O
1
"1
stamped (Plan A)
Interest
reduced-to
.
Rio
de
Janeiro
101%
,
t>
Bonds
v
Bid & Asked
Range for
Sold
High
No.'
Year 1947
(Plan
$27
J-J
Lowf
30
High
25
yj
24%
32
Ai
2%
.2012
24%
J-D
'
26
122
115%
103% 103%
F-A
Friday's
or
-
s
•
2%s—2008
stamped
reduced
Interest
A Russian
1959
Sale Price
Low
Union—
debentures.:—:
Last
Period
Exchange
sHigh
63%
82
joo% 110
105% 108
8
100 % 100%
J-D
—:
Traction
Newspaper
conv
Low
NO.
107'/a "107%
1120
J- D
1960
—s.
^6s
78
■' /
•.
Year 1947
Parana
Wash Water Power 3%s
Penn
77
M-S
1954
West Penn Electric 5s
Western
High
»
Range for
•
Hotel—
debs
income
lu«d
d
Low
Week's Range
Friday
Bonds
Friday's <;
Liu
■
A5%s
105%
Government
6%s
1919-
—1921.
—;
—
principal.
n Under-the-rule
x
(not
included
in
29
d"Ex-interest.
year's range),
(not. included
f Ex-distribution,
in year's range),
Ex-rights.
Ex-stock div.
h EXTransaction for cash
»
range),
years
transaction,
in year's range),
(not included
transaction
95
2%
2%
J-J
*No par value,
a Deferred delivery
eOdd-iW wansacuon" v^ut included m
2%
2%
M-S
Ex-div.
y
g
r
$Friday's bid and asked prices; no sales being transacted during current week.
Last
Interest
Exchange
Low
A
20-year
7s
A20-year
Bogota
Bank (Col) —
:
April 1946
Jan 1947
Mortgage
7s
(see
Bank
Mortgage
Valley 7s
ACauca
Danish
Cons
Year 1947
Low
No.
High
being
fiPartial
High
66%
$66
liquidating dividend
Abbreviations
used
Dec.
on
26.
above—"coa," ceruncates of deposit; "cons," consolidated;
"cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"w i." when issued;
"w w," with warrants; "x w." without warrants
78
65%
f
flat.
traded
In receivership.
^Reported
76%
45
of)
39%
39 %
22
85
81
96
J 76
I'D
88%
94
t9
M-N
84'/2
12
9%
29
J-D
1955
1953
Loan—
5Vis
External
Range for
Sold
$66
4-0
J-J
1948
Municipal
External
Bonds
Friday's
or
Bid & Asked
Sale Price
Period_
Agricultural
A Bonds
Week's Range
Friday
BONDS
York' Curb
New
5s
84%
F-A
Stock and Bond Averages
are the daiiy closing averages ol representative 0ioc&& ana duuus
the New York Stock Exchange as compiled by Dow, Jones & Co.
Beiuw
Danzig
Port
&
AExternal
a Lima
Waterways—
stamped
City (Peru)
stamped
Maranhao
reduced
Interest
AMedellin
7s
stamped
A7s
A
'
A
(issue
7s
of
$25
30
30
28
J-D
"2
39%
39%
47
IndUS-
45
46
53
J-D
29
Util-
65
"roads
179.23
33.17
10
Total
Utlli-
Indus¬
Grade
Grade
trials
Rails
Rails
99.56
101.00
85.49
100.91
99.36
100.99
85.05
100.87
'
Stocks
51.47
10
Second
First
10
64.31
40
ties
.
96.74
178.58
51.01
30_._——
180.56
51.69
33.23
64.68
99.34
100 85
85.07
100.91
31
181.16
52.48
33.40
65.09
99.67
100.61
85.62
101.06
96,74
86.12
101.00
96.34
—
18
$81
90
25%
Jan.
1
81
$20
J-D
1972
Rail-*
Total
Dec.
52
$45
A-0
1931
Mortgage Bank of Chile 6s__
Dec.
IB
Dec.
$44
ilf-N
1947
27
20
v
trials
Date—
1947
Mortgage Bank of Denmark 5s
>,
34
Ddc.
1927)
Oct.
-Bonds-
-Stockft-
18%
27
/
of Bogota—
(issue of May 1927)
on
10
M-N
1951;
listed*
11
22
15
14
15
M-S
2008
2%s
to
Bank
Mortgage
J-J
1952
6%s stamped_1958
(Plan Ai
6%s
98%
Jan.
2—
Holiday
64.01
96.57
96.54
-
Holiday
—
65.51
33.52
53.85
181.04
—_
33.10
100.84
.99.80
OTHER STOCK EXCHANGES
RANGE FOR WEEK
ENDING JAN.
.-Friiay
V"-
Baltimore Stock Exchange
:■! ' V
Last
/
V
Sale Price
STOCKS—
-
Shares
New
Range for Year 1947"V
High
.
High
Low
England
New
England
Electric
Tel <Xs
Lasi
,
W««k'«
of Prices
-Vi ".Pfir
Low
-.100
Tel
North Butte Mining
11%
12 %
20
System
..
High
51c
,
Range for Year 1947
8harss
Low
■
11%
2,451
12 Va
85
64c
80
85
2.50
.Bales
tor Week
"• Rang*
.
Bait Fries
.
for Week
.of Prices
Low
Par
V
•
f'■ *'
Sales
Week's.
Range
Friday
.
V''STOCKS—
Dec
80
Dec
50c
610
2,400
Aug
High
13%
Nov
Jan
121
1%
Jan
'
*
.Arundel Corporation
5%
preferred
1st
v
13%
.
*
100
Transit Co—
Baltimore
W"
vtc——•
13
13%
2.90
17%
—
1,435
17%
258 V
3
505
:
Fidelity & Guaranty Insur Corp..—10
,
Finance Co of America class A
Class
/
300
Mount'Vernon-Woodberry Mills—
Common
6.75%
-
Edison
Potomac
3.60%
U
S
2o
preferred
.
Amsterdam Casualty
New
; ■ /
r -
.
40
295
Jun
300
106
2
,j
Jan
5
:<
Feb
9 ya "Jan
44%'' Jan
Jan
2
40%
40%
Jan
315
•Pacific
—•
Mills
Pennsylvania RR
Reece
Folding
Rex a 11
Drug. Inc
63
....;
67
106
106
52
37
Jan
3
•
100
Aug
I'-
26%
27
100
90
47%
—
100
50
90
43
165
24% May
72
"
Series
Nov
Torrington
—
—
10
__
68'
69%
—
1975
——-1975
4s
7.5
75
Boston Stock
Friday
89
Dec
-
39% May
$14,000
1;
-
68
Dec
1,000
V 75
Dec
.
American
Shares
Low
44%
American
Woolen
Anaconda
50
Shoe
Machinery
Bigelow-Sanford Carpet 6%'pfd
Bird
&
102"
150
Dec
U
S
Boston
&
117
100
Albany RR
Boston
Edison
Eoston
Elevated
Boston
90%
V 98
—
Feb
32% May
17%
Feb
45%
105
2,938
149%
Jun
660
26%
Jan
398
31 .May
33%
34%
•
•
34 7^ May
-
-
25
Dec
Adams
Feb
Admiral
Oct
Advanced
51
42% Mar
131%
Dec
140
Jan
14% May
114 % Dec
20
114% 117
135
Jan
39% May
41%
2,627
19%
19%
307
18%
Sep
20%
Sep
26%
490
25%
Dec
37%
Jan
39%
•*:
40
100
May
42% Aug
46
Jan
40
2,155
44%
Jan
58%
r54%
58%
1,225
54%
Dec
59% July
71% Apr
175
40%
Jun
60%
Feb
100
40
472
90c
Jun
90c
Jun
44%
45%
90c
__
90c
16
30%
16
16
30%
29%
Week's
Aetna
50%
Jan
of Prices
Low
Par
(J
Aluminum
Ball
Range
Sale Price
,;y
_*
14%
__
—.1
•
13% July
22% May
18
Apr
31
Dec
26
common
26
common
American
Tel
Tel
&
Armour & Co
Asbestos
Co
•
capital
^100
\
1.
■
Mfg Co common
'*
:
15%
10%
3% Sep
7%
Feb
11%
Nov
27
Nov
9V8
Jan
50
17
Jan
150
Jun
174%
Apr
Feb
Feb
.V
9% May
15% Oct
2
2%
1,450
1%
Dec
3%
7%
7%
400
6 %
Dec
13%
Sep
3%
4
1,600
3% Aug
5%
Feb
4%
5%
1,200
4% May
7%
Feb
37%
37 %
28
39%
Oct
19%
20%
150
250
18% Apr
23 Va Aug
12%
12%
150
12% Sep
14% Feb
12%
2
4
Corp
High
Jun
6% May
900
__
3
common.
14%
14 V*
14
1
Athey Products Corp capital
Mfg
t
,
600
150% 150%
__
■
5
common
Automatic Washer
8
4%
10%
4va
...
Range For Year 1947
LOW
10
900
1,350
300
14%
7%
5
Bales
for Week
Shares
High
10%
Castings
Bearing
Dec
125
•
37%
54%
1
_*
12%
—
D)' Mfg..
Corp common
46%
174%
104
■
rl9%
36%
40
3
'•
5
Feb
& Maine RR—
Boston
6%
V 100
Feb
15% Mar
53%
STOCKS—
Avco
7%
116
—
10
Holding Corp..
D) Co
Westinghouse Electric Corp
(S
High
25 %
41%
12
Last
•
25
.—
Ry stamped-
11%
3% Aug
11%
Feb
lOu
Herald Traveler Corp
Feb
Dec
13% Aug
10% May
25
Rubber
Range for Year 1947
151%
44
rl9 %
•
1%
6%
140
Feb
48
Low
131% 131%
100
Inc..
Son
•
»
Feb
250
..
5
common
Allied. Laboratories
—
Feb
4%
Chicago Slock Exchange
High
42%
43
*
—
Copper
151%
Oct
26%
15
Friday
of Prices
Sugar Refining—,
HH)
Tel & Tel——_——I——100
American
7%
39%
Dec
2% May
54%
Drill——
for Week
Par
"
700
50
-
7
rl4%
__
Sales
Range
Sale Price
STOCKS—
26% May
15%
117
2,691
:
•
Fruit Co
United
Jan
29
Twist
United
Exchange
Week's
Last
1
4 2'/4
V
*
Co
Union
Warren
A
19%
15
•
Venezuela
5s
34%
4
2%
'
__
*
Nov
.105
BONDS—
Baltimore Transit Co
34%
V 17%
34%
18%
'
40
2.50
V
Webster Inc,
&
Stone
Machine
Association
Shawmut
Co—
preferred
Fidelity & Guaranty
;
"
'
50
—25
:
'Quincy Mining Co
: ;
63
100
—.—;
prior
75
25%
.
V
Dec
300
"
'
Dec
300
40%
300
,_._100
B
2%
15%
300
—
100
Dec
13
100
prior preferred
:
preferred stamped—•—
37%
100
35%
38
565
20% May
39%
Feb
Bastian-Blessing Co
3
100
6
100
—
100
8%
.100
—
—
«
—
9
common
3
25
2
Jun
5
July
Belden.
5%
6
50
3
May
8
July
Berghoff Brewing Corp
6%
7%
81
4%
8%
8'/8
150
4%
7%
7%
15
16%
16%
100
5
Jun
Jun
May
12% May
8% July
10
July
11%
Feb
18
Blnks
Mfg
Co
7%
10
6 % May
27.92
100
26.48 Aug
20%
,
1.
Laughlin Inc common
W.i
Corp
11%. May
17%
Feb
13% May
18%
Dec
11
900
9% May
53
53%
54%
Oct
61
200
200
38% May
60
40
Mar
62
Dec
46
46
200
35
Jun
50
Nov
100
50
10%
Jan
17V2
16%
Apr
21
12%
1,100
11
Dec
23%
Feb
6%
500
200
Dec
20
Jan
30
42
Jan
300
350
May
1% May
xll% Nov
2,900
8% May
11%
__
2%
1,250
100
10%
.1*
Manufacturing Co capital
Bliss &
-16%
*
I6V2
13% Feb
Jan
Borg
(George
Borg-Warner
7%
27.92
1,10
common
Apr
8%
Corp
Feb
Brach
& Sons
Feb
Bruce
Co
10
:
5
common
(E J)
capital
•
'
.1
riues --Service v—^
•
Eastern
!
Gas
4.%%
!■
6%.
Mass
1st
pfd
38%
83
66%
67 V
55
66
Dec
24
—
37%
83
'
24
20
20
Aug
30.93
Street
series
First
SS
Lines
23%
Jan
40%
Oct
Burd
25
82
Jun
97
Jan
Butler Bros common-
99%
Jan
Carr-Consolidated
47
Jan
Castle
-j.
Piston Ring
100
66%
100
General
Safety
Lamson
^
i
/ 490
57%
57%
58'/a
30
&
41.71
25
Dec
51% May
62%
Dec
39.50
Jan
Convertible
Cent
&
S
Corp common
preferred
W
Util
common
41.71
15
35%
2,332
Apr
31% May
44.50
34%
40
Feb
Central States Pr & Lt pfd.
36%
867
23% May
36%
Dec
Cherry Burrell Corp common
Chicago Corp common
8
8
16
—15
3%
3%
25
47%
48%
160
6%
40%
^25
40%
15"
pfd——50
Theatres...'—_—
15%
5% : preferred^^—
—...t...._L00
/ Alkali
Works—1.
*
31%
RR
—
6%./...
34%
6
..
50
37
100
7
Dec
2%
Jan
41% May
40 V2
Dec
14
.+ May
5% July
23
10%
4
51%
46
Feb
Sep
15
16%
.
Feb
Feb
May
Chicago & South Air Lines—
Chicago Towel Co common....,
17 v
Feb
Chrysler Corp common
7%
Feb
Cities service Co common.—
Jun
37%
25
24% May
35%
Nov
Club
150
43 % May
62
Oct
Coleman
Alum
Products
(The)
Commonwealth
1
11
10%
11%
745
10%
17%
1.7%
17%
100
14% May
36c
45c
For footnotes see page 42.
.
__
6
32
1%
<11%
1
.;
,
9%
_50c
9
-
33%
1%
12 Va
9%
4%
2%
Feb
15% Mar
10% July
9
.
8%
5
25 %
?5
,.1
11%
11 Vi
8%
35%
—
—
8'/4
10
7.% Mar
25 %
12 V*
8%
375
1,500
200
19% May
35%
.
8% Aug
26
Oct
6% May
12%
Dec
Dec
13%
Feb
35% Dec
7
(new).
5%
•
_*
—
4%
69%
63% r./63%
2%
.—10
V
./
5.
70
63%
.200
35%
Dec
1,450
100
4%
Dec
-38%
38%
7V2
7%
38%
68
56%
100
400
23%
50
300
3,300
.25%
May
Sep
Jan
9% Feb
85
Feb
66% Oct
40% Oct
Dec
32%
5
1
.
Chicago Milw St. P Pac vtc
♦
Chicago & Northw 5% ser A pfd—100
53%
Narragansett Racing Assn
———
.1
10
Jan
32%
*
Nash-Kelvinator
Cos
12
Sep
53
Mathieson
Mergenthaler. Linotype
Service
common—
common
32%
6%
National
Biscuit.
(A M)
Secur
35%
common!—„.—100
Maine Central
20%
Co
111
33%
•
(Del)
Boston
24%
_1
Copper
Corp
24%
1
Co
Hathaway
Bakeries.
Isle Royale Copper——i:
Kennecott
* -17%
10
•
Razor
14 %
1
12%
•
Electric
Gillette
24%
•
Capital Corp
General
Loew's
♦
common
8tor.es
National
1
common
__
Ry—
A—
Ir.c
5
common
90
.
Central
Eastern
(E.L)
Burton-Dixie Corp
100
f 5% preferred, adjustment—
.
—
Associates—
prior preferred—
Eastern
it
-10
Fuel
&
—
4,200
26c
Dec
May
21
Feb
19% Feb
67c
Feb
Co
Co
common..—9
Inc.
Edison
common
25
(new)..
"
Dodge Mfg Corp'common
Domestic Credit Corp class A_^
10
Consumers Co common
__
37%
5
1
;•
27%
...
10
—
.
37%
26
27%
26%
26%
9
2%
110
10
1,150
3
2,000
7
Jun
22 % Mar
Nov
25
May
9
Dec
2% May
9%
39
Jan
Nov
33% Sep
28
Sep
13% Feb
4%
Oct
34
THE
(74)
COMMERCIAL
& FINANCIAL
CHRONICLE
Monday, January 5, 1948
OTHER STOCK EXCHANGES
RANGE FOR WEEK
Week's
Friday
Last
Simons
Fitz
Dock
Flour
Mills
of
Cincinnati Slock Exchange
Range for Year 1947
Low
High
Friday
.
5
Inc.-
16'A
9%
150
17
'
87/a
123/4 Mar
13 3/4
550
Jan
Feb
19 y2 July
9Vb
II3/8
Jjjeb
-1%
18 %
American Laundry
20
600
17
Dec
31
Feb
American
5
18%
18%
100
173/8
Jun
20% Nov
57 %
58
400
52
Jan
65
9Vi
250
9y8 May
Par
"
-10
Auto
Brewing common
Candy class A
General Motors Corp
Co
Lakes Dr <St Dk
Heileman
(G)
Brew
Werner
Hibb
Spencer Bartlett
Corp
Inc
Mach
Products
Co
Central
11
25
3
capital
21%
10
preferred
41%
Dec
153/4
Dec
Jan
20
19% May
8% Dec
900
110
29
Feb
20
550
11%
Dec
200
18% May
50
12 3/4
293/4
30
x
20
21V*
800
X21%
21V*
21%
300
19
X21%
May
Dec
17%
25
i
Feb
23 y2
Oct
7'¥*•
5
200
6%
Dec
18
Jan
100
5
Dec
243/4
8%
sy8
50
8%
Dec
8ya
4%
200
•4%
Dec
63/a
4%
'14%
A
preferred
4%
Kellogg Switchboard
&
Co
Printing Co
common-
V.
7%
I'll
"V »'/*'
Lindsay „Lt & Chem common./,—
*
Marshall
&
Co
P
Miller & Hart Inc
prior
Modine
—
Standard
American
North
Northwest
Northwest
7 c/o
Car
preferred
———
Manufaccurkig
T
1,350
•
223/4
23
,
r\■'-'TSy'-T-'}
30
Feb
.."8% May
IS3/, May
.17% May
23%
Akron
64%
Feb
19
July
100
28
May
38
34% Aug
25% Apr
48
21%
100
22
145
32 3/4
City
.
Co
Parker Pen
(The)
Pennsylvania
common.
capital
RR
/ '>
..25
common
Peabody Coal Co Class B
8
150
5
263A
Apr
May
190
144
Dec
180
7% Apr
26 *
400
6%
65/a
1,100
183/4
2,300
Dec
5% Apr
15%
Dec
Co
Rath
Car
Oats
Quaker
common—— —1
(The)
Steel
Pressed
Co
:
ZI10
Packing common—
Mfg Co common..^.
Sangamo Electric Co
Crummins
Schwitzer
Roebuck
Sears
Shellmar
9%
:
:T
y—;
'
•
Spiegel
Inc
Louis
15
15:;/::'
Feb
Eaton
Feb
Faultless
Jan
International
Co
Co
Texas
Thor
Union
U S
U
(The)
Steel
Interlake
Laughlin
common.. —_5
200
9%
8%
9%
1,600
5
23%
23%
23%
14%
».
343/4
25
—
Oct
8%
16
500
363/4
May
11V*
38
Feb
19
&
10%
Lamson
31
May
353/4
21
Dec
26%
533/4
Sep
60%
common
14
May
25%
300
21
May
37
Y
x45
Dec
54
1003/4 1003/4
100
89%
Jan
104% 104 %
50
104%
Dec
78%
200
78
1,350
Le
62
May
30
30%
300
23%
Apr
307/8
;100
14%
Dec
237/s
1,800
10%
Dec
13%
IO5/8
11
143/8
14%
American Radiator
American
& St San com
Rolling Mill
350
9% May
Steel
Certain-teed
Columbia
Gas
Continental
&
Farnsworth
General
Laclede Gas
York
North
Pan
Motor
Amer
Oil
Radio Corp
41%
97%
Nov
10e7/8
20%
11%
200
10
May
12 3/4
77/a
100
7
May
12%
400
4%
Jun
6%
7
100
May
3
May
700
47/8
14
163/s
4%
83/a
■■■.-.
common
19
21
.
.
of America
common
Radio-Kelth-Orpheum
Republic Steel Corp common
28%
—
*
U
S
Steel
Inc
9%
Apr
8
Van
Dorn
White
19%
Dec
223/b
Dec
337/8
47/8
1,600
4%
Dec
8%
600
8 3/8
Dec
14%
20 V*
Dec
31
22%
Dec
12%
*
V
.1
283/4
200
9%
1
8%
8%
26%
26%
265/8
500
8%
*
1
14%
14%
14%
21%
21%
Steel
Spring
Corp common
1
500
21% May
7% May
8% Dec
7%
common
lO'/o
Detroit
20
60
,;.31
;
10%
186
.
6%
22
3%
a4%
139
!
4'/4
.70
■
Jun
Feb
Feb
16%
Feb
26
Feb
4%
Jan
j
io3/8; Jan
^
,
;.
22%
27
Dec
38
Jan-
21
Apr
35%
Dec
24% May
15% Dec
30 3/4
Feb
26 7/8
Feb
25
143
.
24
42% .45r
a277/8 a28
7V2 May
36
a9%
•
3
883
143/4 May
22% May
42% Dec
25
378
'
'
10%
Feb
247/a
,
:
Sep
307/8
Feb
-.54%
Feb
Aug
>
£3
233/4 Jan
317/8
a45%
30
38
59%
Jan
a77'/8 a78%
140
80
Dec
10%
;
ZZ__i
...
10% y
,535
*
;
a78% a79 %
_w
—
.
61% May
;
10
Jun
19% May
50
533/4 May
20
al7% al7%
Z ■;
May
20
a23% a23 Va
-:
.
.
15
May
20%
Feb
297/a
Feb
83
Oct
21%
Feb
"'
//
New
York
Curb
Associate
Chicago Stock Exchange
DETROIT
Telephone: Randolph 5530
f-
Detroit Stock
Feb
700
137/8 Mar
17%
64
79% July
Friday
Last
Mar
-r-
,
200
11% May
17
Feb
Allen
200
-
16
243/4
Feb
Baldwin
May
11%
200
•7%
Jan
12%
Sep
2%
600
23/8
Dec
4%
14%
100
107/b May
17
Oct
Briggs
$1,000
95%
Dec
99 %
Sep
Sale Price
■
•.
Par
-■
Electric
Rubber
Aluminum
&
Brass
com...
Manufacturing
.
/
* ■
v
Week's
Range
of Prices
Low
14.,
1
•
$4.50 pfd
■»
4.
1
■
2
for Week
Shares
500
27%
957:
30%
32
\
.
l5/a
143/4
Range For Year
*
2
143/4
1003/4 101
77/a
.100
275'
.2%
bee
1947
High
Low
14
30%
.
■Ui
Sales
High
31 y4
Adding Machine
Motors
-
.23/4
14
5
'
Brown-McLaren common
Power
-
...
\
Continental
,
1
__1
common
Jan
95%
Exchange
Dec
400
,
2 3/8
95%
\/
Stock Exchange
5%
Feb
Dec
42
Dec
July
30Va May
40
Feb
10
; May
30%
„14
'
2%
Jan
1,600
1% July
175
12% May
16%
Oct
Dec
113 V*
Aug
6% May
12%
Feb
20
220
100
v/j
Feb"
12May
160
v
:
Oct
8%
'
235
.
■
s
Oct
;•• 14%
Jan
\2% Jun
:
50
'
Dec
36%
Nov
.
4% "Dec
July
39
Jun
Dec
9
10
6,622
.
-
27% May
3,663
12 v*
.
Feb
.50
75
Ford Building
Consumers
For footnotes see page 42.
Dec
35% May
•
50
Members
Burroughs
-1967
..
123/4
13 s/8 a 13 5/8
a45 %
Feb
30%
23
BONDS—
23/4s_.
31%
Dec
12
r25
24%
5%
313/8
21%
160
-
27%
♦
—
Feb
15%
May
300
,
14%
.
]T::-
Feb
11%
2%
15% Mar
Watling, lerciien & co.
Bohn
Sunray Oil Corp
United Corp
45
■'11.
STOCKS—
J
12% Jun
33% July
29 % Dec
I
17%
Morse
21%
50
Jan
79
Fairbanks
Feb
14%
Feb
100
21
17
Co
Feb
23
24
—
Jan
78%
<fc
61%
Dec
Feb
16%
17
Wilson
71%
Dec
16%
a26%1g27%
•
Works
Iron
Feb
14% May
12 %
100
78%
Studebaker
Jun
41%
Feb
200
15
Standard
49
86
200
33%
'
.
,—
Motor
Oet
67/8
600
25
N
15
16 Va
a9
—
,
(Un)
common
Feb
17%
Bocony Vacuum Oil Co Inc..
of
Feb
1
« :'•'•
•
.
56%
a 43
27%
8% Nov
393/4
163/a
Standard
Oil
Nov
al7V2 al8y8
—
4.
Oct
*14%
•
•
26%
;32%
--
New York Stock Exchange
700
33%
(The)
5% May
47/8
—
Dec
-
Feb
57/8
—
22%
a267/8 a27%
*
(Un)—
Steel
Feb
4%
47/8
1
Feb
272
25%
.
Jan
53/4
•
com
Feb
657/8
Dec
May
32
2%
new
397/8
Jan
8% Dec
Feb
12
•700
14%
May
517/a
Feb
100
35%
>
Feb
32
10
Mar
100
343/8
.10
Car
42
.163/4
17%
Airways Corp
Pictures Inc
Co
35%
Corp
Pepsi-Cola Co
Pure
17
May
31 % Mav
4
Central RR capltaL
Co
Paramount
May
26
500
1
;
American
Packard
12
200
34
7
1
Light
Nash-Kelvinator
14%
32 V*
77/8
•
Graham-Paige Motors
New
Radio
&
17%
465
230
a87/a
343/3
Feb
4%
4%
•
Television
5%
113/4
1
Electric Co
2% May
163/4
*
Electric
Motors
200
102 7/8 102%
1
Curtlss-Wright
900
14%
•
Products
33/s
33 y8
34
50
a
'
32%
(Standard Oil of Ohio common.,— ZZZIo
15% July
31%
*
10
Anaconda CooDer Mining
Bethlehem
3
3%
Feb
Feb
a43/i
•i "
JZ-lZ
ZZZZ5
Tube
Youngstown Steel Door (Un)
-I
•'
»
Richman Bros
Jan
Corp
/
ZZ-50
(Un)—
Corp of America (Un)
Electric & Eng...
Republic
Stocks—
Unlisted
29%
61
3%
__a
.*
(Un)
Youngstown Sheet &
Alleghany
Jan
Jun
.
Z.8
Edison
Oil
Radio
Jan
11
185/a
42%
24%
i
6%
—
Dec
15%
—
Feb
5
"•11%
y. 12
'
m'
•
a
RR
Thompson Products,
145/s
_«
Dec
12%
50
a33s/S' &33%
■
_o
Reliance
Dec
r297/a
ZZ..Z5
-
Z10
.A__"/_l———
Mur .class
Pennsylvania RR
108% July
104% Dec
•
common.
83
Dec
21%
31%
iiw?' y;
.T
12%
Patterson Sargent
Feb
24
—12%
common
Dec
57%
July
8%
50 Va
aA9V* a493/4
,_a
Steel (Un)____.
class B_-___
Central
Ohio
Dec
2,100
'-TT
65
21%
Zi
_v
Dec
37
47%
'•
42% May
25
Jan
14%
.5
.
(Un)
Sessions..:—
&
(A G)
Ohio
Dec
47%
■»
V
Get
44% Feb
54%
150
..l
Nestle
37% Jan
36%
■
v.
"1
14%
Z4
N
Jan
200
X20%
—-•/'.;;
40% May
500
100
47%
:
'34% Nov
6
;
16%
»:
National Tile & Mfg
Oct
37
—20
138
80
;
-
Feb
85'/2
Va
i-*
Metropolitan Paving Brick-i--—i.
Nov
263/4
21
r50% r59%
; 'loo v*
Nov
97/8
a427/s
Island Lime- & Trans
McKee
Feb
Dec
May
21%
capital ZZZZZ*'
caiptal
Bros
Kelley
4y2 July
44
July
*
Carbon
Halle
Feb
2
Corp
Nov
19
15y2
439
.
34% Feb
5
—
Mach
35
21
—
common
Bankshares
14
50
34%
11% July
80
July
*
40% July
343/4
Ltd—
Westinghouse Elec & Mfg com
Yates-Amer
14%
1
common.
1,612
25%
;
Steamship
Jones
common—
100
-
12%
Feb
3
May
37% May
27% May
13% May-'*"!
100.
-.
-
15%
a8Va
;
class A_'____
Cooperage
9%
common
Wisconsin
Greif Bros
6% May
23% May
25
Wieboldt Stores Inc
Oct
150
Gypsum Co
S
18%
IV*
300
31%
15
55%
•73/4
deposit
Carbide &
Oct
-1
300
High
1 5% Feb
5% Feb
19
Nov
343/8
a»—
(B F)
Rayon
3'/a
.
"
573/8.573/8
"
Co
29
.
Dec
23/4 May
/.
21%
—•
Goodyear Tire & Rubber
Gray Drug Stores
l—
Harbauer
——
Co
Goodrich
Industrial
427%
52% Feb
..f
50%
21%
(Un)^...—
Feb
Dec,
29%
83/a May
28% Dec
^140
'.j
80
—
10
(Un)
32
Oct
3%
Apr
V Range Fer Year.1947
-
a54
a
(Un).™
10%
Dec
Co
So La Salle St
208
common
18%
(The)..
Corp
Trane
of
Co
May
stock
capital
Glidden
94%#,Feb
14
28%
Dec
Jan
52...
*
600
42%
487/a
Oct
16%
>
"d74% Fee
97/8
-1
common
common.
18%
3%
8%
...
Jun
.,>'liya May
18
80
25 /
(Un)
(Un)
Electric
Motors
17%
Tool
&
Certificates
Co
General
General
Feb
15%
Corp
Swift
Jun
Mar
Container Corp
Swift
6
15%
10
120
38 i
,alM%:.^ //2&6^;,^49%;Jun
a54
Zi
100
900
6% '-Feb-•
71 Va Oct
Jan
12% May
.500
.81//;81
..v.;/,.a37% a37%
a50% a51%'
15
Rubber
Firestone Tire & Rubber
550
93/s
.
•
Sales /
for Week
81;//";
a
700
9%
3'/a
2
'3V4
147/8
15%
_*
133/4
2
567/8 May
Oct
Nov
28
*;'
26% Feb
Jun
12
300
Apr*
.^•^-•375 "":-3%
31%
*15
__
..4
333/4
27
'
525
105
18
•
com
Gas (Un)
(Un)
37%
26%
391
49
,al50
1
common
Controller
133/4
■,
23 Va
■;• 4%^Juiy",
66
3%'
5 '
Mfg
Erie Railroad
32%
„1
common
5
Works capital-
Apr
52%
10
•
36%
18
203/4
•!,.■ 15 '"•''
;
15
3%.
.—lOO
Illumln.
32%
Stockyards capita^—
Ill
Dredging common..
.25
of Ind capital:
Mach
Dec
Electric
Consolidated Natural
Feb
May
307/8 May
x24 V* Mar
50
Dec
^ Prices r .i Shares
"
100
37s/8
Oil
Sundstrand
May
22%
400
14
y 40% May
20
."1338
,
"Week's
•
Iron
capital
common
Stewart-Warner
Stone
103/a
-1
Nat
Standard
Standard
28
capital
'./'y ivV.; v..
,
180
100
29
•
Lathe
Bend
South
St
'*
\ \
M*y
10 3/8
29
Brand Clothes
Society
85
31
-t
Sinclair Oil Corp
•
45/8 May
93/4 May
.V
31
common
Signode Steel Strap common
-*■
10
Body
common.
Co
Prod Corp
300
10%
•
—5
Reliance
100
105/b
873/4
53/4
10%
*
common
53/4
10%
87%
53/4
—1
common—
Dec
-^4-*"Low
1
Cliffs
-.Cleveland
Gabriel
Potter
Feb
Jan
20
Feb
10%
50
&
.
preferred
$4.50
Feb
21
150
1,900
26
26
32%
69
Dec
70
Range
1
—
Controller
Cleveland
Jan
500
17%
18%
__50
:
83/4
'
Jan
Jun
16%
24
53
39
40
-
49
_______—_^_50c
(Uh)
&, FueliU
Ice
Clark
Oct
15
160
'
150
Apr
10
,
170
170
8%
Mfg
Coach
American
Jun
100
Brass
American Tel As Tet ilUh)
Dec
100
Par
Alleghany Corp
Dec
49% May
87/a
Jan
14% Mar
•
8y2,
:
15
Sale Price
".■/'yftsy'
13 y2 Mar
300
281/4
99 %
Apr
27
40
V
Friday-
8TOCK8—i
J
Jan
24%
37%
28
Jun
12
Cleveland Stock tExcbange
•"•"A"/''
Feb
Dec
Dec
36
170.
.100
34%
10
100
,
71-.
10
•
';'/t67%:::69%
"
47% Nov
200
/
14%
r53
rS'%
..
.1
common
27
;
——i:_r-ll_50
Feb
133/«
550
Feb
85
16
6%
Preferred"
Electric
Oak
16
B
-
Feb
14%
24
•
L_-_—...
—1-—.--♦*^^45
Printing-ilC^--——————•
40
29%
Aug
10
45% '. 46%
69%
Nov
1
20
Rapid
U S
Mar
37%
v
—
-.20
common
•
_—
Apr
25
35%
37%
prior lien pfd.—. 'Too
Util
10
r53
-.10
Corp common.!
Bancorp
common—__
11
22% May
1,600
143/8
1 l*-V
■■
—3
com
common
111
Northern
155/s
9%
•
*
Cooker
Pressure
National
29
May
May
20% Jan
1,300
12
14%
__10
common—
Montgomery Ward & Co
National
Jun
8
!!6
100
;
10
15%
10
preferred.
Mfg
■
23% •241%
...5
vtc
common
•45
G
Jan
23%
A
57
.
•:
28
21%
Feb
17
100/
__
,
Jan
Sep
*713
yvii,y '(,^y5%"5%*
»
Jan
700
44%
44%
_.Zi
Prod
Corp capital
Middle West
33%
,21
&
24
16
20
8%
12%"
57
46%
Feb
Oct
Mar
Feb
5
May
220
.,.20
Last
common
Mickelberry's Food
100
*
*
16
High
31V*
Nov-
10
1,850
9%
*
Field
7%
185/8
21
common..^.—
15
16
6% May
100
18%
#
—
Llbby McNeill & .Libby
Lincoln
7%
*
common
common.,
Dec
11% May
,400
5
14%
24
__
National-;■„
r,
NOV
Leath
$1
■
'•'■■■'.
20
77%
12%
57
/.
,
Lunkenheimer»*_*__—J*: /
f
v
Dec
43/4
com
*
*
16
140
,
8%
'76%
__
'.,
"
26
8
__
•
Kroger
i
,.
10
87/a
253/4
8%
.*
--i~—
Randall.class
1
Class
Katz
1
?
Jan
*
—
Brown Stores new
—
Yard.....
22
8%
" .26
...
50
Stock
Hobart class A (new)
Kahn
Jan
31% Dec
Union
14%
22
J2
Teleobone
Formica
14%
>
8.50
—
Gibson Art
Jan
5
■IVa
-*
x24
Jun
21%
Drug .Co common—___1
$7
Cincinnati
Mar
70
Apr
14%
*
!
.Cincinnati
Dec
15
56
500
9%
12%
—1
Power $6 preferred
200
common
•"
High;!,^Low
yy/30% 30%?^>.w.2l0
29% May ^
,'1_.
' 3%-.. 3%'.y/100 '•.».•"2% May "■
♦
Clnicnnati Street
Dec
,
y. Range For Year 1947
,
Low
-
—20
______
Cincinnati Gas
Feb
16
45
•
100
common
Indiana Steel Products Common
Jim
Shares
____8
Churngold
Dec
36
Dec
1,900
63
*
capital
9%
25y8
8%
63
.Independent Pneumatic Tool com—•
Indianapolis Power & Lights com—;—*
Interstate
24
25
110
16 y2
9
(new)..
RR
,•
for Week
of Prices
____1_
Burger Brewing
'Feb
9% Nov ' v- i
Apr
233/4 May
100
9%
44
16 y8
16%
6 3/4
1,350-7
36
43%
•
common
Illinois Brick
Illinois
'*
common.
8%
9%
common
Co
Hein
Horder's
36
—*
common-.—_—
Goodyear Tire & Rubber common
Great
8 V4
8%
1
common
Gillette Safety Razor common
Goldblatt Bros Inc
581
10
common
Refrigerator
Gibson
Sales
Range
Sale Price
STOCKS—
jV
;'/ /
Baldwin
General
Week's
Last
9 %
America
Drive
(Peter)
Shares
High
Dredge &
common—
Four-Wheel
Fox
Connell
&
Co
of Prices
Low
Par
2
Sales
for Week
Range
Sale Price
STOCKS—
ENDING JAN.
:
Volume
'NitmberTHE COMMERCIAL & FINANCIAL CHRONICLE
167
STOCK
OTHER
FOR WEEK
RANGE
Week's
Friday
W Last
(75)
EXCHANGES
ENDING JAN. 2
Week'*
Friday
Sale*
-f;
Sale Price ;■ : of Prices
stocks—
,;.y V'
Davidson
Bros
1
.1.
Detroit & Cleveland
Low
P°r
Navigation..—
6%
21%
Range
far Week
•f Prices
Shares
Detroit Stl Corp
Electromaster.
Federal
,■
6%
•
Jan
27% Mar
Finance
Sears Roebuck
12%
1,120
24%
24%
800
2%
2%
3,700
10%
200
"4 %
1,050
4
Jun
5 %
Jan
Signal
600
1
Nov
2%
Feb
common......-'
10%
500
,
3%
Dec
2%
Security
Co
Dec
17%
Dec
257/8 July
18% Nov
122
31v8 May
40% July
50
40
48
May
59
July
a31%a33%
66
26% Mar
33
July
50
30
—
13% July
10% May
17% Jan
2%
Feb
High
20%
310
a36% a37%
•
Sinclair Oil Corp—
2%
1,904
>
Low
60
17%
17%
—1
& Co
2%
Range for Year 1947
High
a21% a2l y8
5
Co
12%
12%
—1
Truck
Motor
Oct
Dec
21
Safeway Stores Inc
Seaboard
21%
common.*'—_—_1
Inc.
3%
825
Jan
8
Apr
2%
______1
_
.6%
800
Low
Par
High
Low
.
2r%
Gray lron_w____-_———1
Detroit-Michigan Stove
6%
4%,:;: 4%
5
DetroitEdisoncommon——_.,7.r._:-:_-.2q
Detroit
,j'7.
Htah
8TOCK8—
Range for Year 1917
Shares
■,
'
Sales
Last
Sale Price
lor Week
Range
'
26%
4%
Dec
Oct
Feb
Corp
Sierra Trading
Corp
Signal Oil & Gas Co "a"
15
25c
16c
14c
16c
11,500
*
135
135
135
25
39c
17,400
10c
Sep
85
Jan
Oct
23c
130
Oct
Feb
14%
9% May
Shell Union Oil
'
Frankenmuth Brewing
Friars. Ale
~4%
commori—'j—t;
—_i—1.
41/4
1
1
1
of Calif
Petroleum Co
Wood
Gar
General
1
5%
common.^....—-.-10
56 %
Industries
Motors
Gerity-Michigan Dorp
5
435
9%
Feb
Jan
65%
Feb
52 %
405
57
July
8%'-
8%
655
6
Jan
9%
5%
446
3
Jun
7%
Nov
22%
23 %
225
15%
15%
100
4.48%
,
cum
1
...
So Calif Gas Co
Hoskins
Howell
Manutacturmg
Electric..
Hudson
Motor
10
■-
2'/a
com
*
7%
7%
20%
20%
22%
7%
100
Sep
Nov
Standard
Oil
Feo
15:
.15%
14
Kaiser-Frazer common
—1
King-Seeley common
—1
;_1
1
13%'.
(s s) common—_________10
38 <."•
Products
Klnsel
Drug
Kresge
Co
common
__
15
Dec
7%
LaSalle
Wines
Oct
Apr
18
Oct
13% May
4
' Dec
16
-975
•
'
1,200
Feb
5%
Motor
Products
Murray
Corp
National
common
;
Transcon
Oil
Union
States
Dec
Dec
6% Aug
1,848
2%
200
4%
1%
9,578
24%
175
18%
17
100
10
-
Aircraft
3% July
6 % Feb
2%
Jan
Air
Western
•17
17
■.
Chemical
Parke,
Davis
Parker
Rust-Proof
Metal
penmsuiar
29%
32
33%
778
32
Dec
40
Mar
Apr
50
Dec
48
50
937
35
62 Va
62%
787
51% Mar
11%
11%
1,312
7%
Jan
11%
14
14
375
12%
13%
1,481
al6 al6%
13%
51
26%
25
____2
(h w)__
Raisin Paper common
River
Cardinal
Gold Mng Company
& s Mining Co
2,735
Sep
Feb
300
3%
Dec
6'a
Jan
-
977
33%
Dec
41%
Sheller
100
5,620
28% May
3 % May
29
5%
Standard
•
Tube
2%
300
8%
675
17%
200
8%
■
17
__
200
9
'8%
common—:—1
33% Mar
6%
Deo
3%
Nov
7%
Jan
7%
Jun
9%
t
4%
Cons
Mines
Co
Mng
Unlisted
Corporation
Oct
9%
10
3%
3%
American
—
.
u
Radiator
s
Anaconda
Armour
400
3
Dec
4%
Feb
200
2%
Dec
4%
19
305
16
May
6
Apr
6%
200
12%
985
11%
6%
11%
-
19
Feb
7% July
Jan
15
July
12%
12%
12%
100
10
May
14
16%
17
950
11
May
18%
Feb
1
2
16
16
•
135
14 %
May
16
Aug
1v4 May
J
Oct
2
2%
-
/o;.'
■
2,586
■
.
2'a
1
Products
Screw
Wayne
6-
Feb
79%
Feb
10
Dec
Jan
5c
3,000
4c
3%
10,000
17c
Dec
10c
Feb
6%
*
8c
Mar
Sep
50c
Apr
Jun
July
4c
,,
-
4c
5,200
4c
Nov
12c
90c
90c
300
75c
Dec
2
5C
5%c
8,000
4%c
4%c
1,000
7%
14%
1
1
—
—
.25
25
7%
2%c Apr
Apr
6c
Sep
12c
4%c Dec
1,200
14%
160
a55y8 a55y8
10
150'/a 150 »/8
•
Co
100
Tel Co
__
1,325
a33
50
Copper Mining Co
(111)
Topeka
Atlantic
Avco
Co
&
700
2%
'2%
Jan
Jan
5
Refining
7%
Jan
9%
Dec
11% May
5t% Apr
150
180
a34
Aviation
Dec
Oct
16%
Feb
70
Nov
173
31% May
Jan
42
Mar
(The) *
Co
15%
32%
Apr
4%
20
Dec
4%
150
14 y4
795
14
120
30
Dec
23
78
301
30
103%
Jan
Oct
38
/Dec
102%
Oct
97
May
71% May
14
6
15
5
Borg-Warner Corp
Budd
38%
10
383
4%
5
Corp
Company
38%
__
55
96%
13
Works
Bethlehem Steel Corp
Borden
93%
25
3
(The)
Co
Locomotive
al3% al4%
__
Ry__100
Corp—
MIg
Baldwin
Fe
Santa
&
Jan
17
common
Dec
6'%
Oct
—_•
_1
common
Aircraft
Warner
3
63 % May
177
r
4c
17c
—
—
1
& Refining
Tel &
Dec
3%
12
Distributors
Shirt
Walkcv & Co__.
■
Jan
17%
Bendix
United
Dec
May
Stocks-
Smelting
Jan
3%
19
—5
—1
1
Brewing common
Udyiite
Feb
26%
100
__1
1
Airlines
American
Atchison
Tivoli
Jan
200
25
25
imperial Development Co Ltd
Zenda Gold Mining Company
Amer
3
3
1
& Die commonTimken-Detroit Axle
Superior Tool
Feb
15%
20
550
6%
10c
Co
Chollar g
Jan
3%
common—1
b
class
4,-
4
__
10
Manufacturing
19%
20%
Jan
29
6%
3
78%
6%
10
10
Gold
Apr
3
77%
10
10
Gold Mining Ccr
Mammoth
Calumet
7%
34
_—5
Scotten-Dillon
Jun
Mining Stocks—
Oct
4%
33%
.
62% July
12% Sep
Dec
29
Products--*-.—1
Jun
10% May
15% Jun
824
*
American Radiator & Stand San Corp.*
Rickel
26%
50
Inc
Corp
Inc.
27'a
3%
33%
"
________2%
_—
Dec
1
Products,
Steel
Lines,
Apr
6%,
3%
._
.
22
common
Black
16%
4%
3%
'
1
1
___.
1,025
5
Oct
Oct
100
2%
4%
•
"
Park
22%
Inc
1%
May
2%
—2
Car
Motor
22
2
May
75c
Cons
Packara
32% July
*
Air,
California
of
United
Oct
24%
:—10
common
Stamping
Dec
50c
United
3
1%
*
common
26
Corporation
Western
&
Oot
40
34%
6%
1%
1
—
532
*
Inc
Textron
Alaska Juneau
Oil
27%
Company
of Calif
Co
Feb
2%
1% May
190
100
38"
3%
2%
6%
—
McClanahan
Jan
26%
Nov
5%
2,398
;1%-'m%
2
:
Dec
34%
•
3%
common
18
Dec
Dec
21%
13% May
200
Lansing Stamping
McAleer
May
27
Sunray Oil Corp
Transamerica
Kingston
Apr
14
1,325
1
Pacific
29%
21
Jun
14%
200
*
—
Car
1.35
Dec
785
27%
27%
25
8% pfd "a"
Southern
Ball & Bearing common
Hoover
31c
18
27
25
conv
4.32%
31c
17%
25
___25
Co Ltd com
Sep
5%
—1
;
Graham-Paige
5%
•39c
1
•
Southern Calif Edison
7%
Feb
39% Feb
101
Dec
a4iy8a4iy8
__
__
50
May
40% May
a53% a54'/8
a
__
Feb
24
100
46% Mar
54
10 y4
10 y4
a
alO
———
50
alO
43%
Dec
Sep
Oct
,
Dec
•
Pacific Railway Co
Canadian
Caterpillar
Los
Angeles Stock Exchange
Week's
Friday
Last
Par
Mfg
baudiri
50c
Corp——:
5%
11%
58%
High
100
%
Dec
5%
Jan
2,600
3%
Jan
6%
&
Company
Southern
Corp
Consolidated
Edison
Co
Consolidated
Vultee
Aircraft
(n
9% May
285
58%
100
3
4*-
*
54
;
15%
*7 Jan
10
Feb
63
Sep)
24
v,
May
Feb
40% ,Qpt
,
/i—
Corp
Edison
Commonwealth
Low
%
4%
5%
Solvents
*1
11%
*
*
y)
11%
22
26 %
2%
25
•
*
285
2%
21
V
22
26%
—
21
Range for Year 1947
High
%
«...
1
Company
Petroleum
Shares
*
10
Columbia Gas & Electric Corp
Commonwealth
11%
a38% a38 %
25
Co
_—
~.f>
:
Commercial
of Prices
c»
.
for Week
v" LOW
Tractor
Cities Service
•«?
Sales
Range
v
Sale Price
STOCKS—
Aircon
—l-
7
22
100
240
,
'•"!
1,890
.
12%
Sep
Dec
25%
'
26% July
Nov
31% Feb
3% Jan
2% May
200
21
Dec
125
11
May
7
25
Oct
17%
Apr
Feb
Apr
1
al2 al2%
--v
v
'
Barker
Bros
Corp
Oil
Berkey
Blue
*
On
Ctnca
consolidated
Continental Motors Corp
Continental Oil Co (Del)
12%
Nov
Curtiss-Wright Corp
1%
750
1
Sep
2%
Feb
1%
—
.
-
7%
7
7%
2,051
13%
12
14%
27,765
13%
13%
1,993
30
Corp common..'
Dec
15 Va July
Electric
Electric
—
4%
Aircraft
Dresser
Industries
34%
Jan
Graham-Paige
63%
347
56%
Sep
66%
Oct
Great
15%
150
12% May
21% May
17%
35
Nov
Interlake
23%
Jan
International
32
700
11%
1,660
Oil
Co
Farnsworth
Fitzsimmons
class
Stores
a22 % a22 %
4
14
13
15
1
a
Radio
&
245
15
260
67 %c
75c
Corp
75c
Dec
Motors Corp
Northern
Iron
Ry
Co
pfd__
Co
of
1
9%
—
Dec
Corp
General
Motors
Golden
(The)
__.
10
Co
State
Ltd
May
Hotels
Holly
Development Co
Apr
Oct
15%
Feb
Libby,
2.05
Jan
Loew's Inc
McNeil
Hudson
Hunt
Motor Car Co
Foods
Inc
5% May
9%
Corp
Hupp
8% Nov
14%
Jan
McKesson & Robbins Inc
7% May
11%
Oct
Nash-Kelvinator
Ward & Co,
Corp
583
52%
Jan
65
Oil
Jade
Kaiser-Frazer
Dec
33 % Mar
New
100
16%
43%
225
42'a
Jun
58% Mar
North
American
14
14
525
11%
Sep
14
Dec
North
American
1.55
1.70
1.70
11,100
Dec
Ohio
95c
May
1.70
Oil
Inc
Co
Oct
a5%
";3"
May
8
Oct
77 41%
41%
Dec
42
July
13%
50
10%
Jun
13%
Dec
26%
26%
120
26%
Dec
36
Jan
12%
12%
195
47%
47%
9%
9%
300
al8% al8%
85
--
—
Oct
Packard
Jan
Pan American
a4%
10
Paramount
Inc
Railroad Co
1.10
1.15
2,300
24c
Pepsi-Cola Co
Phelps Dodge Corporation
Pullman,
Incorporated—:
1
Corp
14%
.14%
4
May
*7% Feb
65c
Jan
1.20
7 7. 8,100*
2,771'
15%.
'
•«->
14c
Apr
24c
Dec
5
May
100
15 %
Jan
1.35
10,950
1.10
Dec
1.35
1.10
1
H—
18
Oct
r
22%
__10c
Oil
24%
Menasco
Petroleum
vtercnants
11
May
19
Jan
70c
May
95c
1%
980
1
87 %c
1.20
37,299
3
3
1
Co
1
1
1.15
Car
Motor
*
Co
National City Lines Inc
Nordon
Corporation
—
1
v
300
Northrop
Aircraft
Occidental
Oil
Oceanic
1
Inc
Petroleum
a8%
48c
3
Dec
Mar
Dec
1
Corp
1
Co
1
60
12 y8
Dec
12c.
Jan
18C
5,000
a7%
a7%
25
40c
40c
2.60
2.90
19,560
16%
17%
1,545
16c
'
8 v«
60
a8%
al2% al2%-
1
Ltd
.____
common
Pacific
common
Gas
1st
6r/c
Pacific
&
Elec
preferred
16c
!
—
2.60
10
25
—
Indemnity Company
Western
Oil
Corp
*fr:'
Rexall
Petroleum
-
700
Richfield
Ryan
common
lo
Inc
Oil
49%
Oil
Corp
Aeronautical
common
10%
Feb
Oct
32 »/4
Feb
35
Dec
50
21% May
4% Sep
;
7%
Feb
9%
Nov
21
Dec
30%
Jan
15%
Dec
26%
Feb
22% .Dec
26
Nov
70
37% Apr
47%
Dec
10
53
Oct
60%
Feb
22%
Apr
28%
Dec
10%
Feb
30%
Feb
Dec
605
19%
8%
1,329
23%
23%
200
a46%
a48
•
Dec
28 V2
150
9%
9%
1,431
26%
26%
320
7% May
23% May
17%
550
14
15
8ocony-Vacuum Oil Co
Southern
Railway Company
*
a38% a40%
140
Jan
Standard
Brands
*
a25% a26 %
25
a42 % a43 %
150
Dec
5% May
—25
a78% a78%
25c
1.10
14 y8
12%
31c
13%
(Ind)
-
-
30%
Jun
17%
47
25%
93
Inc
Nov
31% May
Mar
37% May
44
Feb
Feb
July
Jan
Dec
Aug
9%
Feb
62 %c
Feb
Jan
2.90
,21%
Sep
Co
Inc
105
65%
78%
Dec
12
12
150
12
Dec
15%
Jan
21%
550
16% May
25%
Feb
25
(n j)
21%
a35% a35%
25
33%
Sep
37%
Jan
25
Webster,
&
a59% a60%
235
60% May
54 % Sep
■
Dec
Jan
Oil
Stone
<■
1
Standard
Oct
Studebaker Corp
Swift & Co
Texas
443
34%
Jun
42
Jan
Tide
169
33%
Dec
41%
Apr
Union
100
48%
Oct
55
;
Company
Gulf
Sulphur
49%
Water Associated Oil
10
al03%
Sep
130
48 Va
Apr
24%
24%
•
53%
56
55%
*
Co
214
18% May
25%
Oct
10
93%
Jan
106 y*
Oct
90
17%
Jan
24%
27% Mar
Feb
Carbide
&
Aircraft
Carbon
Co
Corp
Corp
150
51
Nov
62%
Feb
United
Air
a24
25
26
Oct'
27'a
Oct
United
Corporation
46%
46%
230
25
Feb
7 57%
27
400
9
Jan
27%
Dec
7
500
6%
Dec
8,650
5
a
103 %
a23% a23%
'
lo
15%
16%
295
15%
Dec
1
2%
2%
250
2%
Dec
5
12%
12%
200
12 %
•
19%
20Va
360
17%
a29% a30%
95
Oct
Oct
26
18%
18%
478
3%
3%
100
*
For footnotes see page 42.
Jun
7y8
Dec
5
85c 92 %c
~
Feb
23 y4
1.20
52%
26
•
1
22%
75
17%
17
*51%.
1
Company.
Oct
May
630
Jan
United
2.50
Co
18%
16%
3%
7
—
1
Feb
Sep
12
60
*
34
'
Drug
Ranch
Rice
Co
Jan
62%
16
-
110
28%
Warner
Republic
42%
51% Apr
8%
a
8'%
*
*
a24
52%
§;'3i:i7;May-
1,390
4%
Company
Radio Corp of America
a35
a34
34 V
10
__•
.
25
Pacific Lighting Corp common
Pacific Public Service 1st pfd_"_—
Pacific
,
Jan
15%
a52% a52%
Oil
Pure
Texas
Pacific Finance Corp
Feb
25%
'
Pictures,
Standard Oil Co
-"[National Mallinson Fabrics
10%
Jan
95c
Corp
Pictures
Monogram
1.70 July
450
14
95c
1
Manufacturing Co
Jun
19
Nov
500
13%
1
Corp
Company
Nov
Dec
8%
i
7;
25
Republic Steel Corp
Lockheed Aircraft
Mascot
49%
Deb
22%
1
Feb
Apr
43%
85
4%
33 %
25
Company
17%
9% May
290
a2iy8 a21%
1
50
23 c
1
a32% a32%
Airways
24c
,
8%
21%
29
10c
38%
—;-757;;
77'7 150
14
.
*
Company
13% May
15% May
10
--
al8
8
50
a 4%
:
30
a53 % a53%
al6%
595
—
V
a32% a32%
al7%
1
a21
Corp
Co
14%
-10
Aviation
17%
__1
Petroleum
•
York Central rr
a21
r
Lincoln
Dec
•
5
17%
Company
Lane-Wells
12
18
Inc
•
;
Petroleum
525
Feb
Pennsylvania
Intercoast
12%
Feb
6.66%
common
Jan
12
13%
—
7
*
Libby
&
16%
—
1
Feb
42%
*
Copper Corp
401',
5
39%
Dec
Canada—•
Kennecott
16%
*
Corp
Jan
11% May
May
34%
—
•
Dec
22%
200
10
a56% a58%
Goodyear Tire & Rubber Co common-'
Hilton
16%
33
184
16
May
300
9%
10
2
Corp common..
100
Oct
a5%
*
•
62
Montgomery
Garrett
Nov
260"
*
Corp
Nickel
902
6%
1
a
47%
9,900
4
Corp..
class
Ltd
Tele
48
47%
50c
Inc
20%
Oct
11%
Feb
May
Nov
207/b
7
6y4
34%
1
19% May
*
Inc
Products
Electrical
Exeter
Co
16
50 y8
Jun
13
125
18%
a
a34% a35%
7——.'
*
12 % May
18%
12%
Jun
4%
752
V
May
41%
5.
>
4%
34%
*
Corp.
General Public Utilities Corp
Int'l Tel & Tel Corp——„
Douglas
a
•
Co
Foods
664
11%
--
& Light Corp
Power
General
General
200
31%
1
Inc
Feb
14%
Apr
200 :7
7%
a54% a54,%
5
~
31%
•
Corp
America,
9%
Jan
7%
1
common.
"a"
Class
16%:-.
'
.
Feb
15%
—
.
6%
1
62%
'
-
,.
6% May
11
27
16%
30
•'*
.—2.50
Iron
&
Steel
of
Jun
Jan
—1
Chrysler Corp
Creameries
Sep
5
20
Products Corp
Fuel
50c
875
•
Central Investment Corp
Colorado
18% May
700
2
—
corp
Broadway Dept Store
Certain-teed
487
55c
11%
24%
1
Diamond Corp
Boisa
1
Furniture Co
Gay
24
55c
11%.
1
*
Co
&
24
11%
10
common
Consol_
Barnhart-Morrow
Basin
«
52 %c May
14
Jan
3 % May
Lines
Inc
(Del)
Bros Pictures Inc
Western Union
Teleg Co class a
11%
Nov
18%
Dec
Willys-Overland Motors Inc—
Feb
Woolworth
Jan
Dec
18%
Feb
Jan
26
Oct
Feb
95c
4%
7
Westinghouse
Co
Electric
(f w)
Corp
12%
1
10
22% May
a8%
a8%
50
7% May
46
46
131
44% May
30% July,
13% Feb
60
Feb
35
36
COMMERCIAL
THE
(76)
& : FINANCIAL
OTHER STOCK
RANGE
FOR
WEEK
CHRONICLE
Monday, January 5, 1948
EXCHANGES
ENDING
JAN.
2
Friday
Range
of Prices
Share*
Tel
American
tiudd
Tel
&
Locomotive
2Va
149 %
470
13%
9%
,4
q%
17%
1,312
56%
54%
56%
296
10
5
58/8
^°_3
J3
—
20/a
21 %
i-
--
10%
5%
—
—
6%
1
Pennroad Coro
.
187«
19%
..10
46%
— 109
>116%,
*
50
66%
Sep
12
6% Mav
16
V*
Oct
Feb
24%
Dec
Jan
Jan
57y2
23%
common.—-.*
*
*
4.4% preferred —— .—————roO
Philadelphia Insulated! Wifs?_—•
—*
65%
Feb
16%
Nov
24%
Jan
12
Feb
9% May
4% May
%
5%
8%
Dec
2,985
Jan
1%
Jan
Jan
.
7 V*
Salt
Scott
Paper
1
•
Corp..
Oil
—
——50
-
—_
Dome
--v
—3
Philco Corp common
Reading Co
—
common
_
v
1,722
18
Dec
22 Ya
33
20
—
327a
18%
Dec
27
Feb
51%
38% May
190
Vs ,1°6
114%
118
Nov
4
300
Dec
l.°59
34
20
•
21%
23
'$3
Corp
.
Improvement
Gas
167i
21
17
May
35%
Jan
450
Oct
20
Jun
396
;
Jan
29% July
120
Aug
Dec
112
50
40
•
33%
33
333^
572
Caterpillar Tractor Co common.—*
a58%
•"alilornla
.'7% May.
100
12 j>
•
Eureka
Central
—
1
—
—
13%
__
577a
40%
4.3""
Dec
50% May
80
59%
41
Jan
49
774% Fed
Sep
Cons
Vultee
Creameries
Crocker
2nd
1% Jan
Di
B
Devonian Oil
Brewing
Duquesne
Follansbee Steel
Gas—
Star
Mountain
National
——
Eureka
Hale
Sep
53
Sep
24%» Jan
10
San
United
Spring
Steel
Glass
States
Common
t
v
Range For Year 1947
Dec
13 Va May
70
10
May
Jun
24
480
23V2 May
15% Jan
295
€8
170
7%
Aue
Highi
■:
48% Feb
Feb
12% Oct
-20
62%
July
31
37%
Dec
10%
Jan
25%
155
197a
Apr
27%
Dec
lUti
17 %
Jan
21%
NOV
NOV
16%
Jan
Dec
12%
1,047
10%
Feb
Dec
1%
Feb
c—
50c
200
5Cc
52
323
50
Jun
67
Jan
38%
*15
32%
Apt
42%
10
10%
Nov
295
7 % May
100
4%
C47a
50
13c
15c
14%
15
94
7%
8
200
15
Westinghouse
Jan
11% May
7%
7%
Dec
Dec
27% May
115
40%
Sep
July
10c
150
37%
30
30
12.50
45
12,500
8
8''
35 %
22% May
130
5% July
64%
29c
Dec
Sep
American
Inv
Shoe
Brown
14%
Elec-nc Co
Centurv
Oct
30%
Dec
for Week
Shares
Range For Year 1947
High
13%
13%
374
12%
Jan
147-2
Nov
32%
104
2674
Jun
3678
Jan
13%
20
7%
Jan
15
Nov
40
9
Dec
18
Feb
13%
1,554
502
98
Dec
103
74
107
May
130
Oct
32
Jan
zn
%
390% Mar
34%
Apr
Oct
Jan
V.
9
14
120
13 Va
13%
Dec
.
34
100
Dec
32
Jan
€55
6
May
11
Feb
18 V2
18 %
18V2
345
18
Dec
33
35%
12
V
31
12
-
12
3,V
~
3%
1.200
6%
__
-
lYn
1,619
*6
__
57%
l,0fa5
18%
a__
2.30
5
Dec
49%
3z % May
100
;
6Ve
57%
58
19%-
.
69
__
723
5%
l,2u7
V4
19%
52%
12
-2SO
-
1772
Jan
a_*
V
—
3%
Oct
9%
Aug:
May
Mar
Feb
8
Jan
Jan
65%
;T9;;:"Mav-;
5,110
71
-
370
11%
12
18%
17V2
18V4
'1.60
1.55
V
i.___
Feb
16 Va
•28%
Dec
Feb
35%
Dec
69
Jan
103V2 Mir
'
650
9 %
July
12
Dec
17%
550
191/8 v
.-
.-
.
Co
1
Co
a20%
—.6.66%
common
867
1.60
Dec
20
Feb
Apr
25%
Feb
May
1.65
Dec
59
17%
2,588
United
Bk
"A"
862
95c
Co__..^
.10
Gi
(R
Inc
1
Aircraft
7
Corp
l
"B"
*
17'%
377
177'2
a34V8 a34'/B
60a
14
-
9%
Oct
Jan
Nov
37%
Feb
1.45
Feb
5% May
25% Dec
18%
2d0
120
13
20% May
33% Mar
400
35%-
17
•
27%
10% May
3 %
203
—
11%
11%
234
29%
29'/2
32
1.15
1.20
16
1,120
12%
3
Jan
Jan
33% July
Jan
•
8% May
70
31/4
Oct
34%
30
Sep
125
9%
al3 7's al3%
__
Apr
29
10%
Aor
20
Feb
May
4%
Magnavox Co
Marchant
——1
——...
11%
Dec
17%
815
29%
Sep
40 % Mar
3,200
1.10
Feb
Calculating Machine
5
Menasco Mfg Co common
Morrison Knudsen
National
Auto
National
City
Fibres
1
10
1
North
American
North
American
Oliver
United
"B"
1
Oil
pfd
100
Cons
Filters
Coast
"A"—*
»__<■
Fisheries common—5
6%
a8
a8'4
125
40
11
Dec
13 Va
80
60
78
Dec
88
Mar
40
300
24
May
40
Dec
__
80
80
40
8%
2.9 7b
29%
252
28%
iii/2
__
__
iii/2
362
10
Dec
Jan
Jun
31% July
Mar
13
Jan
Oct
90
10%
Jun
15%
7%
100
7-8
Dec
12 '/a
5%
Dec
9 %
Feb
34%
Dec
42%
Jan
al3% aH'/s
—
Feb
14%
Dec
Jan
778
5%
57b
5%
1,019
25
35%
34%
357*
3,644
,„25
1st preferred:
1st preferred
5%%
34%
33%
347b
2,233
33 Va
Dec
30%
30%
647
33%
Dec
41 '/a Mar
27%
27%
303
27%
Dec
35'/a
Apr
52 V»
52 74
363
50%
Dec
62%
Feb
1027'2 102'%
20
101%
Oct
15
15
245
12 %
Feb
24%
24%
450
24 %
Dec
93
.25
1st preferred
25
Pacific
Lighting Corp common
div preferred—
Service
.»•
__
27%
__
__
15
common.:
preferred
__
100
common
Co s
Nov
.5
Aggregates
Public
14
535
__
...5
Pacific Gas & Elec Co common.
5%
17
10%
10
class
....
Pacific, Can Co
Pacific
Apr
9% May
10Vs
__
—
Invest 6'/<
Pacific American
15%
Feb
Jan
all 7b all%
common
Lines
Natomas Company
16
3%
Nov
10
common
434
89%
a4o
a46
20
26%
71
72'%
322
65
11%
11%
290
90%
__
__
—__
Philippine Long Dist Tel
Phillips Petroleum Co
Puget Sound Pulp & Timber.
P100
__
Dec
42'/a Mar
■
Feb
105
15% July
28% Feb
129
57
Feb;
Jan
•'
Oct
May
79
Nov
11%
Dec
18
Mar
62%
3.95
54
Dec
63% July
43
710
25%
Feb
4J%
47
__
63 %
42%
...__
47'%
30'%
185
43
Dec
93
Rayonier
Rheem
Incorp
Richfield
Roos
Oil
1
common
Manufacturing
Corp
Bros
Co
1
Jan
18% May
31%
Nov
19%
23%
Feb
__
Nov
•
22'%
13
31%
31 %
18 %
__
200
1,056
23%
18%
18 'A
18
1
common
:
30'%
__
23%
583
Apr
14% May
18%
Dec
30%
47 "
Jan'
Dec
*
Elder
Mfg common—
General
—
preferred
Elec
Emerson
Electric
General Motors common
21
114
.100
—
common
21
114
.7
21
Dec
115
Nov
5
111
Jan
34%
%
10
(Uni*.
Jan
14
35%
123
32
May
39%
Feb
57%
■
un>.
12
58%
145
61%
Jan
65%
Feb
S
&
W
Hydraulic P
Preferred
International
Gas
common
American
com
25%
Oct
44
Feb
22
37%
Jan
7; 45
Dec
3%
Dec
16
4%
4
200
4
Sears,
•
tUhV————25,0
;
preferred
1st
Rice-Stix
Roebuck
137%
100
1,265
4%
Jun
60
21%
Dec
30%
20
14
Dec
17%
Feb
16%
Dec
33%
Jan
16
16 Va,
17;%
'V.,:: 4 r
Electric
V.
'/'I.
12
Jun
17% July
Feb
7
■**"
41"'
138
Sep
Jun
141
6%
common
5
67a
500
6%
Dec
10%
Jan
36%
50
37%
Dec
37%
18
15%
Jun
2972
Feb
18
Jan
V13
13%
E6
13%
:;v 35
•V 1,350
56%
150
..15
/ftoebuck & Co capital—
Union
&
Soundview
Pulp
Southern
Gas Co
Calif
class
21% July
209
20% May
26 %
10c
69,700
a367% &377/s
—
420
—
34
34
162
*
135
132
135
31'%
34
Dec
So
Cal
5
Co
Edison
__
Co—
preferred.
Co pfd series A
25
25
Gas
Pacific
San Francisco Stock
Sale Price
13
Dec
38
May
56% Nov
Exchange
Week's
Range
Aireon
Anglo
Atlas
Mfg Corp
Calif National BankDiesel Engine
Imp
Bandini
Basin
Bishop
Petroleum—
~
Oil
Co
Byron Jackson
Co.—;
For footnotes see page 42.
of Prices
34
Dec
132
Dec
84%
Jan
27 Va
Aug
;22%
Dec
20
V-
Sales
Shares
32
33'%
113
32
Dec
40 Ya Mar
50%
1,852
35
Apr
50
20%
•338
Standard Oil Co of Cal—„;
20%
,
9
-
800
0%' ;
24%
17% Jun
:V> 9 '" Dec
1
Dec
Oct
15 %
Jan
1%
'Oct
Jun
i.10
1.10
62'%
62%
1,490
Super Mold Corp capital..
10
—
18%
18%
125
18% Aug
32
Tide
10
24
23%
24
817
18% May
25%
Oct
2
13%
13
13%
19,090
10% May
15 %
Jan
al6% al6%
25
14%
Jun
18
Oct
20
Apr
27
Dec
15%
Dec
28%
Apr
62 V May
78%
Oct
11%
Jan
Water
Associated
Oil
Transamerica Corp
Transcontinental & Western Air.!:
Co
OH
Air
of
Lines
5
—
26%
R1 %
1,075
—
15%
16
533
——
78%
78%
971
8%
32 7b
G%
32'%
1,450
.25
Calif
Corp*
10
Corp common.
:
1
20
100
West Indies Sugar common....*.**—1
Range for Year 1917
Western
Stores
Department
Yellow Cab
Lnw
62% Julv
Mar
26%
26%
-
V 8%
„
*_
8
Aug
"
16
25
295 296%.
295
•
27%
Jun
282% May
Co
common...
;_*__50c
...
3,400
%
Dfec
5
525
287-2
Apr
36
Jan
2,239
Air Reduction
6 Va May
12
Jan
American & Foreign Power.——*,
4 % May
11%
100
7%
7%
1.090
267 s
26%
.125
9%
Nov
4
Jun
V4
207-2 Aug
._„l
17%
__
37%
330
178
a22% a22%
22%
Dec
34 Vb
Feb
Feb
Jan
Jan-
I6V4
17%
390
16%
Dec
23V2
Jan
11
,
11
600
9
Apr
13%
Aug
High
30
11%
7%
Oct
Jun
20
100
2.9
1
2
—-*
29 Va
48%
v
Victor Equipment Co
Waialua Agricultural C"_.
Wells Fargo Bank & U T
for Week
High
72
30
35
359 ;
__
.
7
50c
2.50
20c
Oil
„
Low
Par
Jan
25 % May
-
'
'/>•,-
July
40 V* July
507%
Co
Sperry Corp
__4_—
1.
v*
Spiegel, Inc ' commoni—2>: ' •'
Spring Valley COj Ltd..1.10
Union
STOCKS—
20c
30% May
1,930
22%
8c
610
22%
"A"
cum
Southern
United
Last
15% May
21
8c
__
15
common
Signal Oil
U S Steel
Friday
Oil
—*
110
21
__
10c
Dec
18
1
10
Feb
137% 137 %
..50
...
Sterling Aluminum common—
Stix-Baer & Fuller common—
Wagner
_100
Jan
36%
Service class A—
St Louis Public
7%
Inc.^
Jan
5
•.
Sears
4%
16
21%
16
li%
■
Oct
Foods
Inc common..
5
Mining.....
___10 pesos
Stores,
Mauricio
4.32%
21%
McQuay-Norris common
Midwest Piping & Supply common
North
330
3%
5
*
common.
27%
4472
2%
1
common
Laclede-Christy
Laclede
27%
44%
Brick common...—..100
..—100
Shoe^common i
_• %
Shoe
Johansen
2%
500
Fine
Safeway
San
Shell
1%
t
Dec
21%
32
355
—
__
•'
20%
60c c Dec
2o72
17 %
59
15% May
30
24'%
36%
__
Apr
Oct
Mav
W0
24
__
__
3%
14
7,105
60",
15%
25 V2
__
"
39%
20
30
14%
*
___*
•
- 3%
__
1
class
3%
__
pesos
common
58
a20V2 a20%
-
__
____.20
____2
...
Corp
7____
•
Railway Equipt & Realty Ltd pfd—100
32
9
33%
99»/2
Oct
High
Low
13%
13%
33 V4
97%
340
8V2
*
"B"
Paraffine
Sales
Range
■9
Jan
14
3
Inc...
Pacific Western Oil Corp
32
.-5;:
Feb
Jan
5
16%
Co
Tourneau
$5
„1h
common-
17%
23 %
8%
•
Libby McNeill & Llbby
Feb
39
..15
Columbia Brewing common
Nov
% Mav
11
"
100
Car
Power
Lockheed
Feb
13
—1
common———-
common———:
11'%
8 72
—10
Corp
Pac Tel & Tel
Low
Par
115
345
14
__2%
common.
Plantation
Lyons-Magnus
17ya Feb
Exchange
of Prices
Last
Sale Price
stocks—
Oil
Leslie Salt
Le
1st
Week's
32%
125 V8 125%
33%
common
Mining Co.-
Pacific
Friday
23 % July
Nov
340
1
common.-—;
Ltd
Foods, Inc
Class
i*
SI. Louis Slock
Sep
2,455
__
Radio:...—1
Feb
5 Va
€4%
37%
Air Brake
Westinghouse Electric Corp.—'
450
4
4%
1
1
common—:
25 %
25 %
Dec
20%
4%
1
1
Mining
Tov
Standard
100
Pineapple Co Ltd—•
Motor
Class
381 /
Corp
Kaiser-Frazer
27%
&
Cofp__
Langendorf
8%
9%
45
•
com..
Development
Honolulu
IXL
38%
10
& Bolt Corp
*
Pittsburgh Steel Foundry common.—*
5%
preferred
100
Jan
Mar
50c
Pittsburgh Screw
Jun
30
'
5
*
Stores
Bros
20
247a
33%
Oct
56c
Aor
*
common
Television
Paint
45%
20%
pfd
Pittsburgh Brewing $3.50
Pittsburgh Plate Glass
66
Dec
•
preferred
Holly
25%
5
Sep
12
5
Equip Co
Golden State Co
Hawaiian
LOW
14%
56%
20%
5
General
Feb
37%
14%
1.65 Aug
11%
gs
...
Motors Corp
Apr
8%
%
F"b
63
Jan
350
27
al2% al3%
125%
com
Co
Foster & Kleiser
4%
51
Gas
&
8
ai3%
—*
Corp
5
37%
10
5
5
Supply
Fireproof.ng Corp..,
Fuel
Oil
Ohio
Refractories
Walker
Harbison
Lone
Dec
41c
'
&
Farnsworth
Dec
25
25
10
1
•
10
._———
Brewing
Pitt
Fort
—10
————5
27
_
—*
Work-—
Oil
Der
NOV-
161
62%
,
a22% a22%
__
b
common
...
Emporium Capwell Co
Emsco
Honjlulu
15%
60
Corp
—
common
Dorado
100
12
62
j
——,——
14%
645
1
common—
Bank
_
Doernbecher Mfg
2%
Shares
11%
1,000
22
.
inc
Giorgio Fruit Corp class A
Class
538
31%
15
34
Apr
ah*4 May
516
45c
21
A—____2%
preferred
'3%
Sales
12
*
*
Electric—«.
&
Gas
63%
45c
25
National
preferred
830
High
30%
————*-—*
Co
Blaw-Knox
Columbia
61%
*'_
22
Corp..
Atnei
Zellerbach
Crown
for Week
Low
Jan
July
57c
4,320
10c
Edison
Air
01
First
925
of Prices
Sale Price
"
Mar
51
Jan
65
Dec
i
500
Range
Par
24%
126
1.35
37/3
Lroadcast System
Commonwealth
Idaho
STOCKS—
1.20
__
__2.50
_____
Clorox Chemical Co
4%
Week's
a56% a58%
Hio~i
8
11
Sep
May
Nov
13
Pittsburgh Slock Exchange
Last
common-
Mining Co____.____._l
—
Hunt
Friday
Corp
Chrysler Corp
Clay.on Silver Mities.,—
Hudson
Alleghany Ludlum Steel
Hacking
Low
Nov
22 V* July
•
60
1 /
4>
4'%
2%
2%
r41% r41%
2072 21 %
i
.
■
capital.—
General
53%
1
?
'
1
5
common
preferred
Unitea
10
_
....5
Jan
'
—
part pta—<«>
Corp 6%
Investuit
United
51
Co
Ink
Greyhound
i-0
1
participating
Tonopah Mining
A
Transit
2"%
Dec
Tacony-Palmyra Bridge—
Class
51
Jan
Sep
9%
Dec
7 134
10
55%
-
51
California
El
12%
—
7
capital..——
Mills
Jan
15%
.,
—
•
Sun Oil Co
;
6% Mar
200
Feb
5,878
r7% ?""%
24 Vb 24%
lj~*
ll20
20
s
200
9
1
Oct
Jan
—
Philadelphia Electric Co
$1 preference common
73/.
'9
Cotton
Columbia
47
51%
'110
r
Range for Year 1947
75/.
Calif
capital
Sugar
Feb
50
-
Share*
High
$4.20
18%
17% 19%
common
46% 47%
3%%
preferred series A_v
116%.11"%
Pep Boys
;
——.-IV4
4%
Power & Light
Pennsylvania
RR
Pennsylvania Salt Mfg
Feb
15
CO
6%
5%
18
Feb
24%
295
%
0
—
174%
Dec
856
10/s
5%
%
10
50
Coal & Navigation
Lehigh Valley RR
National Power & Light
Lehigh
Jun
May
56%
1,810
15%
Brothers
Pennsylvania
5C2
8%
17%
<
28% July
May
9
1,205
63%
62
63%
*
13%
Light
Corp
Motors
GimbeJ
2,261
14%
10%
Battery.———*
Storage
(▼enerHl
152%
137 s
10
Delaware Power &
Electric
595
—
Co
Chrysler Corn new com
Curtis Publishing Co
23
24%
150
152%
Wks v t c~——13
High
Luio
24
*
^-WO
American Stores
Range For Year 1947
for Week
Low
Calamba
High
Low
Par
Baldwin
V
for Week
Sale Price
STOCKS—
of Prices
,
Last
Sale*
Range
Sale Price
8TOCK8—
Sales
Week's
Friday
Week's
Last
Philadelphia Stock Exchange
Jan
Unlisted
Securities—
Co
6%
Apr
American
Factors
12%
Nov
American
Power &
7%
Dec
Atneriean
Radiator
Oct
American
•
—-
27
.<■
_20
Light^
Smelting
&
Std
&
...»
San..
Refining
•
•
__
*_
__
__
26%.
215
25
Dec
20%
Oct
2
2'%
550
2
Dec
6%
Feb
26
26 %
26%
"
164
26
7%
Dec
35
Feb
Dec
16%
Feb
3
8
160
14'/2
14Vg
260
11% May
a55'% a56%
60
53% May
17
71
Feb
NOV
.
.
Volume 16>7
THE
Number- 4661
COMMERCIAL
&
FINANCIAL
CHRONICLE
(77)'
37T
OTHER STOCK EXCHANGES
RANGE FOR WEEK
ENDING JAN. 2
'
-:■
\
"V'<
Friday
,
.■/yA;
'V
STOCKS—..
-
vvv," *'7 ' *...;
.V7'
\'V
••
.
American Tel & Tel
Co—^
/,'./■
A
~
for Week
of Prices
Shares
100
Woolen Co
Anaconda
Copper Mining
Mining Co
Argonaut
&
Armour
Co
(111)
•
com——,
>152
150
75
43
185
43
-
Mountain
May
50%
•'31% May
41%
Feb
Jun
4%
Dec
National
May
15%
Oct
N
34
34
4%
,-5,300
85
10
335
69
May
96%
23
Oct
25% July
4%
.
5
,
2.80
Atlas
Topeka
&
Santa
Fe
Corp
Avco
5
Manufacturing Corp
a92% a965/s
a22% a22%
a 5)6%
100
__
22
105
4%
4%
3
common
4% May <
;
—5
Distillers Prod
•
Central
Y
&
Barnvdall
Oil
Ohio
RR
Co
5
Eerkey & Gay Furn Co
Bethlehem
Steel
14
14 'A
500
12'/a
13
913
55
22
13
100
common
capital—
—1
capital.
&
Co
Boeing
Inc
Airplane
Borden
Co
Bunker
Hill
Canadian
com
5
-
Feb
Ohio
Oct
Onomea
al()2%
a!04
127
84
3%
4
9,134
23 '%
23%
41 Vs
41 '%
al73/8 al7%
Mar
1
Pacific
Railway
Ohio
&
Service
Co
Commonwealth
Consolidated
&
32
Sept
2%
'A Apr
Oil
of
Co
101
Nov
Cons
Natural
Gas
Continental Oil
Curtis
Co
Motors
capital
15
.'
Corp
14Va Aug
23%
Oct
;
May
22
Feb
1
8
8'A
320
7
May
10%
Feb
16'A
—
1_
17%
450
16'A
20
21
368
14>
May
22%
Feb
16%
16%
20
15% May
21'A
Jan
24
Co
__
Jun
42%
Dec
Pan
May
18%
Oct
Paramount
16
9 % May
75
Packard
Motor
Co
32%
American
32%
36
Apr
32%
Dec
10'A
10'A
155
9'%
Jun
15
"
Feb
10
16'%
10%
100
16 Vo
Dec
21'%
10
20
20%
79
13
Jan
♦
common
4%
4%
1,320
(Del;_^
Publishing
Co
5
679
14%
Feb
Pennsylvania RR Co
54%
Jan
Pepsi Cola Co__,
Jan
39%
Oct
Phelps
Jan
Pioneer
29%
Feb
Pullman
2% Mh
21
v
Dommguez Oil
Eastman
J
Co
Kodak
Dodge
Mill
General
Food
Jun
8%
8 %
873
8'A
Dec
15
Feb
21'A
115
19%
Dec
30%
Jan
17'%
19%
2,292
15%
Dec
23%
23%;"-
100
22'%
Dec
19%
—50
33%c
25
Corp
Co—t
7% -.'"8 'A
20
—
^
46% a4G5%
a
20
—
53%
52%
*
Inc
139
35%
52%
222
Corp.—
*
8'A
8%
'^0
26%
26%
26%
1,093
40%
70
Radio
70
38%
Apr
54%
Dec
1,530
4 Vs xviay
21% May
28%
43 V'4
628
30
125
12
Sep
Radio-Keith-Orpheum
Republic Steel Corp common
•
Feb
6%
Reynolds
"B"
10
Dec
Northern
Great
Ry
.
3'A May
36
Ro
Ed
Cal
Cal
Ltd
Battery Co *A
B_:
Class
33
36
8Va
5%
7'A
5,720
8%
•
._
Holly
Oil Co—
Hupp Corp
7%
1
—
8%
400
1.50
Oct
Brands
Standard
July
Mary
Mines
International
Corp__
1
Co
4 '%
2.30
20%
300
12%
721
July
6%
Tel
&
Canada
Tel
Co
•
__
Feb
9%
...
Dec
Jun
7
Feb
Dec
3%
Feb
Dec
36%
Johns-Manville Corp__
Kennecott
•
Copper Corp
17%
Feb
26%
a40% a41'%
__
•
90
41
Sep
44%
Texas
Navigation Co
McKesson
&
Robbins
M
&
M
J
&
M
250
43%
Jun
49%
Aircraft
Corp
675
18%
Dec
25%
,
Dec
26%
a32% a32%
50
33<
Sep
1,750
15c
May
v
;"v '■ V"
•
15%
2,490
16'A
19c
••
495
Feb
33%
27
Dec
34'%
60
33%
Dec
39% Mar
22
,
a25% a263%
.
.
a78 % a79'%
25%
Nov
35
Mar
93
63% Mar
78 %
21%
120
16% May
24%
Feb
110
32
Jun
36 V4
Jan
60
166
53%
Sep
64% July
22%
23%
100
17
May
24%
Oct
2%
2 %
130
2%
Dec
4%
Jan
3%
3%
920
3
May
4%
Jan
);
12%
12%
:: 340
12
Dec
18%
Feb
:
45c
45c
48c
5,201
25c
Jun
60c
6%
6
6%
7,010
a6%
a6%
10
1958 a20%
90
17%
166
21%
a35 Va
a34% &3E Va
25
a59%
a
5
Corp
3%
Sugar
5
Warner Bros Pictures
Petroleum
1
common
Preferred
—1
Lines,
Union
—-1
Inc——
a
*
Westinghouse Electric Corp com—12%
Feb
Telegraph
Willys-Overland
Woolworth
Feb
23c
<
Air
Western
38% July
20c
15%
__
1
;-VA'/
27'%
Aug
i
59%
a
■
,
?
July rJ.l
6 Va
3% May
*7
Dec .5J
Feb
18Va
18
27
33%
of Delaware
1
Co common—i__ 5
Utah-Idaho
Feb
18%
18'/a
•
Inc
Cons
Dec
1
Company common
Western
.Matson
Oct
Dec
17'A
—25
United
Oct
a47% a48%
__
*
Inc
36
18
Mar
Jan
9% May
2.05
■v
N J
Swift & Co
Westates
Loews
Apr
May
14
.
Dec
4
5,675
12%
•
Nickel
International
__
2.30
,
Feb
14
Corp common
United
._
Idaho
Aug
25%
18%
*
25
Inc
Oil Co of
Standard
Dec
36
5
100
4 Vs
2.05
20'A
,_1
■:
19% May
120
•
Feb
40%
25
preferred
6%
40
15%
30%
Nov
23-
—25
common
Co
Gas
Studebaker
Hobbs
Feb
Dec
May
8'A
.
Feb
44
May
10%
131
60%
100
Dec
7% May
.
810
39% Aug
Oil
a
1,670
912
Dec
1,960
Mar
18'%
Dec
6'A
Nov
58
29'A
17'A
41%
5%
10%
Dec
21% May
17%
34%
Feb
40%
9%
r30% i'30%
•
15
a39% a42%
Dec
17'%
Corp—
Socony-Vacuum Oil
10
.
a
50
common
Sinclair
39%
43%
.
pfd—a42%
non-cum
Port
47% July
43%
;
Cruz
Santa
class
Tobacco
32% May
.1,245
So
Goodyear-Tire & Rubber common—*
Graham-Paige Motors common—
_,_i
of America—
Corp
546
35%
—
•
1
Feb
4l/4
a34% a35'%
__
9%
Feb
7% May
34%
Feb
48'%
6'A May
-J ,"
66
r28% r285%
9%
12%
150
a43 a44%
~a44%
26'%
33% July
37% Mar
Sent
49
May
8%
28V2
—
•
•
.•
Electric Co
Feb
21'A
*
7
4l/4
__
•
Co
General
44%
11
8%
Curtiss-Wright Corp
Nov
7%
'
Nov
25
a53 a53%
—
common
Sep
21
Sep
1
common
Dec
4%
2.50
Airways
Pictures
26
2,500
a7%
Feb
32%
common
40 %
1,170
2%
a7%
32%
Dec
Dec
40%
50
a50% a50%
a507/s
1
,
Feb
12
Pure Oil Co common
Continental
19'%
23'%
1,120
-20
Port Cement common.,
105
21'%
•
May
17% May
355
15%
8%
common...
Finance Corp
Feb
21
2%
Y
Jan
20%
10
Pacific
5%
!2V2
a37%
•
N
3%
129
a44'%
14
2.50
14
20
Sugar Co.,
Apr
a45
lu
110
Feb
64
Jan
227
all'% all'%
41%
43 "A
—
25
Southern
Co
__
25
RR
commoi
Edison
—
,
Dec
Feb
16%
100
41 •%
Apr
4jC
20%
>
100
common
Railway
Ltd—'.
Co
Sugar
?4 'A
Co
Pacific
Northern
Dec
IV4
3%
1
Cap
——_15
& Sullivan—.
—2%
Chesapeake
Cities
capital
—
50
8uU
15%
1
Pacific
Blair
common
High
v
473
50c
al75% al7%
al7%
•
Aviation
American
North
Feb
7%
7% May
l'A
__
*
14
RR
American
Oahu
a383/4 a38%
13
Locomotive
Baltimore
Loto
53%
48c
Jan
'
Baldwin
Range For Year 194 7
High
53%
—5c
Nash-Kelvinator Corp__
North
Atchison
& Co__
Shares
Low
Par
•
City Copper
for Week
Oct
4%
34
5
Montgomery Ward
a..
28 'A
340
Feb
174%
al4'A al4'A
50
common
Dec
Sales
Range
of Prices
,
Sale Price
STOCKS—
High
a__
__
\
,
2,274
k59'% a59%
__
American
Low
,150'%
152
.
Last
Range for Year 1947
Lota
Par
Week'e
Friday
Range
1 Sale Price
Corp common.^——14
American Wiscoe
s
Sales
Week's
Last
class
A
8%
Oct, '
Jan
25
Sep
23%
Jan
30%
Dec
8%
8%
170
7
May
13
Feb
46
46
393
44
May
62 Va
Jan
,
10
common
a30% a30%
a30%
1
Motors
(F W)
6% May
—
.
"
•
-v,»
RANGE
MARKETS
LISTED
CANADIAN
FOR
WEEK
ENDING JAN.
3
Last
Exchange
Foundries
Dominion
STOCKS—
Sale Price
Par
1
Abitibi
Power
S 1.50
&
Paper com
Sales
Low
17%
17%
1,475
20 Va
20 %
"A".-
20 %
__
19
160
100
Hign
■
14% May
2,590
19
100
65
lj
100
21%
22
I7V2 May
19%
Dec
Feb
V 23% Mar
Agnew-Surpass
Steel
Algoma
Shoe
Aluminum
Co
of
Warrants
Can
4%
pfd
Bathurst
Pow
•
&
Trac
Pap class
25
25
7%
192
400
60c
60c
26 %
20%
365
Dec
6% May
400
26'%
Mar
24%
50c
«
Dec
24%
Dec
A
•
American
3%'/c
Class A
Corp
Products
Cement
$1.30
23%
23
29 %
2Q6
»
Power
Corp
Safeway. Ltd 4%%
Canada Steamship
common
preferred
24%
24%
325
4
3'%
4
3,455
26
26
*243
__
•
pfd
100
101 %
14
40%
•
23'%
*
common
18VS
11
__
•
Breweries
30'%
18
27'%
"
40%
160
191
28
191
11
60
102
10
Stores
t
High
27%
175
27
Dec
33
Jan
36
36
100
34'%
Dec
42
Jan
—
32%
32 A
15
32'A
Dec
38'% May
2,075
12% May
19'%
Nov
25
21'% May
27'A
Nov
600
25%
Nov
30% May
4
25%
Nov
30
Coal class B
25
18'%
17%
18%
*
—-
26
26
Dominion
Tar
V
common,,*
—
27
25'%
.
Oct;
9%
Textile
Dominion
May
Oct
16'%
Dec
Dec
227
,
Feb
9%
Feb
2.00
Jan
30% Feb
23%
191
23%
common
new
Paper Co Class 'A' pfd
Electrolux Corp
Eddy
Feb
5%
Feb
5%%>
Co
Power
22
Oct
27
2i
11'%
11%
11%
—
18%
19
16%
13
20
1
•
—
13
—
21
Dec
26
May
Feb
;. 1,570
11'A
Dec
13
Nov
190
18%
Oct
21
Jan
200
21,.
15%
Dec
18%
Nov
Jun
13
Dec
16'A Aug
195%
Feb
26
Jan
175
25
7
'
*
*
Corp
Canada—i
of
27
25%
21
com
24
17%
24
18
25
400
30
23
July
*
Canada
Players
Famous
Foundation
;
Products
Enamel & Heating
—
—*
A—!
1
preferred
*
:_23'%
Chemical
&
C
T
Nov
59
27%
Ltd—__^t
—
18%
19
80
17
Apr
108
108
HO 110'%
10
108
Dec
110
Jan
Oct
24%
Dec
24%
Dec
3'%
Apr
4%
111% May
—
•
16%
—
20'A July
1
29 Va
Jan
preferred inc—__50
Gypsum Lime & Alabastine
Goodyear Tire V/o
16%
250
14%
Sep
18'A
52'%
15'%
52%
15%
52'%
Oct
55%
7%
Renfrew
Holt
preferred
28
May
32%
Feb
17
May
23%
16'%
Jan
100
30'%
46
'
Nov
Smith Paper common,
Hudson
Bay Mining & Smelting
13
May
15
100
Nov
100
675
24
July
32
Oct
206
40'A
Apr
46
Dec
15'%
14%
25'%
7'A
4,594
12%
Jan
32
12'%
30
130
32
—
100
100
*
>
Jan
100
30
45%
—
I
Jan
65
16'A
Feb
Nov
25
<>
111'% May
50
—
100
—100
preferred
preferred
,
Jan
12'%
is
•
sit
i
.1
ii
Jan
27%
Dec
31%
Jun
Imperial Oil Ltd
8% July
13%
Nov
Imperial Tobacco
4 Vo
preferred
100
Oct
102
Dec
14
39
13
Aug
40%
80
40%
Nov
50
Mar
22%
Sen
27
Feb
"17%
Feb
6%
••'■'•/
preferred
*
--
,
J.
_•
•;
15%
—
—
^
Industrial
Accep
•
class
Corp
23
23'%
1,365
37
5
37
Dec
Mar
International
Nickel
of
13
13 %
225
12
May
147%
Feb
International
Paper
common
16%
16%
185
16%
Sep
19 Va
Jan
International
Petroleum
62
86
56
Apr
67'%
Feb
International
15%
75
14 /
Jtily
17
Jan.
International
Utilities
95
30
Apr
*40
*
Power
14%
A
International
Bronze
--
465
13%
Jan
15'/a July
15% Apr
355
25'%
Dec
25%
Nov
225
6%
Dec
8%
Jun
28
30%
Dec
40%
Oct
11'%
,'i
25
33 Vay
32%
33'%
58%
60'A
1,130
14%.
4,740
Dec
26
Jan
32
2,346
59
*
Canada
v.
—
•
common
15
14'%'
25'%
7
14'%
25
£l
37
45
•
of Canada common_5
61%
_^
Low
27%
20
Howard
30'/4
__
_.
—^_„_.50
Bronze
22
24%
•
■>
•
Northern
♦
165
2,143
100
...
Canada
Canadian
324
18'%
___•
common..;
preferred
.Canadian
19
169
18
,.25
Products
Forest
Power
270
168
1&
#
common
preferred—"—
conv-
21%
168'%
___•
Power
Range for Year 1947
High
—
27%
*
General Steel Wares common
Oil
Columbia
Col
Building
&
22
100
Light
Rr,i.<h
5'/c
223
60c
British
Canada
Dec
Jan
7%
•
Telephone
Canada
8'%
22'%
25
Low
j.—
Dominion
Gatineau
Brazilian
British
150
1,185
'125
__
•
common
8%
53%
220
222
25
Corp
Bell
53
—
Asbestos
8V2
51'%
__
•
-
•
Argus Corp Ltd
'
*
;
common
Ltd
Aluminium
.
& Steel———*
common
Dominion. Steel &
Feb
106
Nov
100
Feb
Red
■1
Shares
Range for Year 1917
High
17%
Glass
preferred
7%
Shares
20
Sugar
preferred—..
Dominion
for Week
•
preferred
Acadia-Atlantic
5 '/<
of Prices
Low
for Week
of Prices
Par
Week's
Range
Last
Range
Sale Price
STOCKS—
Canadian Funds
Friday
Sales
Week's
Friday
Montreal Stock
Sep
37%
Feb
41
May
63%
Nov
'
Canadian Car & Foundry common
Class
—1
A
Canadian
Canadian
•Canadian
Canadian
Celanese
Foreign
Ind
"A."
•
pfd—_._20
Investment
Alcohol
class
Canadian
5%
•
■
15'%
13%
Locomotive
•
Oil
Companies common,—,
preferred
,,— 100
29'%
25
Consolidated
Mining
Leather
Distillers
Co
Ltd
&
,,5
820
200
11%
Apr
17%
Oct
7 r/c
29
30
895
22%
Apr
37
Jan
Lang
Dec
18%
Dec
11% May
17%
Oct
Lake
14%
150
10
99 %
14'%
15
8,032
Hi%
11 y2
20
93%
99%
4,664
'26%
26'%
5
19 Vt
20'%
14
100%
100%
Dec
111/2 May
15%
Feb
11%
Oct
14%
"A",,
•
Seagrams
20
Dominion Coal 6%
Dominion
Dairies
•
preferred.,.
common
For footnotes see page 42.
.,25
...
31%
18%
__
*
Corp
49
48
—
11%
'
—
Feb
12%
Sep
16%
39
Sep
57
Oct
160
12
14%
*
:
155
14%
50
5
Ltd
Co
(John)
78% May
98'A
Dec
31
Jan
21%
Woods
870
18%
10
32%*
19
10
10
May
13'A
Feb
'
—
24
24
?5
32'A
32'%
25
32
Nov
36
Jan
165
20
17%
10
161
Dec
175
Mar
105
19
Dec
25
17
Dec
26'% Mar
23% Mav
.-100
—*
(John A)—
--3
Secord
__
.V
■
—
—
165
20
17%
158
9%
Nov
575
6V4
Oct
21%
-
Feb
21
Jan
10
Dec
Dec
Nov
14'% May
1°0
30'%
105
14
100
—*1
common
preferred
& Sons Ltd
MacMillan
Class
Export class A
Sep
Mar
8'% Aug
Mitchell
Feb
Montreal
Dec
Montreal
Feb
Murphy
new
com
9%
9%
7%
7'%
:
7%
Nov
17%
18%
1.621
21%
Feb
12'A
11%
12'A
1,005
11 %
Dec
13
Nov
17'%
18
545
1314
Jun
20
Feb
38
38
75
16'%
16'%
50
Sen
22'%
Feb
34
35
23'%
72
31
Jan
40
Jan
15
21
May
24
Jan
*
Locomotive
Co
18'%
*
Works
18
*
Ltd
Tramways
Paint
—
7'%
*
Oil
(Robert)
37
*
—*
Breweries
19%
11
•
B
Massey-Harris
Molson
Bridge
-
Feb
26
the
of
McColl-Frontenac
class
——15
Jan
14%
,
Dominion
Limited
Labatt
13%
12%
100'% 100'%
15
•
Smelting
Nov
/131/4
Laura
__
—
Canadian Pacific Railway
Plow
22
;
12%
•
Cockshutt
Davis
__
—32
A
Class B
Canadian
__
i..20
common..
Converters
•
—
*
100
*
16'%
—
—
23'%
14% May
34%
,
14%
Jan
40% July
'
p.
38
(78)
...
THE
COMMERCIAL
&
CANADIAN
RANGE
FINANCIAL
LISTED
FOR
WEEK
CHRONICLE
'Monday,January-
5, 1948
MARKETS
ENDING JAN.
2
V
t
Friday
'•
i
■'
Week's
Range
of Prices
Par
National
Breweries
National
Drug
National
Steel
Car
pfd
Corp—
Flour
Miljs
Ottawa
Electric
Ottawa
L
H
&
Page-Hersey
common
Rwys
new
Power
Tubes-—
<
Dec
49%
677
13%
Feb
26%
Feb
42
53
Jan
Quebec Tel & Power Corp "A'%—
Rands Service
Russell
Stores
Industries
27
28
380
Co,
Ltd
Canada
*
Oct
29
Jan
Southern
27
675
18
Oct
27
Dec
Southmont
15
1616
79
15
Feb
18
32 %
32 %
55
27
Vi July
33
Jan
United Corporations
class
19
.
1
'
*
19
50
16
Jan
19%
Feb
United
Canada,
__
40'A
Price
Corp of Canada
39%
Bros
4%
&
Co
preferred
Ltd
*
common
.
26%
4014
299
34
Jan
7
Regent
'i
Knitting
$1.60
14%
pfd—.
44
preferred
100
Corporation common—*
preferred
50
A
/'
50% May
125
98 %
18
270
18
Aug
25%
120
25
Jun
102% 102%
16%
35
16
/
16%
Pr
Invest
6%
Co
Distillers
Windsor
Nov
Hotel
45%
175
15%
250
14%
35
s
10
pfd
of
100
10
38c
•
——
B—
:
Nov
Alger
Gold
Feb
Arno
Mines
203/4
Dec
;
Feb
106
9 % May
30% May
•
10
10%
11% Mar
123
Jan
May
May
17'A
88
16
18
75
,17
Mar
50
14
July
10
10
47
10
„
:
18%
Aug
21
.
Feb
25
Jan
Nov
14%
Jan
Mines
Ltd——
1.
Ltd
12c
,11c
Band-Ore
Gold
Mines
Ltd
1
Beatrice Red Lake Gold Mines Ltd
Beaulieu Yellowknife Mines Ltd
*
Kirkland
Gold
Mines
1
Ltd
3%c
.16c
16c
16c
1
Bidgood
Oct
Oct
12c
3%c
*
31 %c
Feb
11c
Dec
1,300
3c
Aug
7c
Feb
Nov
44c
Jan
17%C
'
1.000
11 %c
6c
7c
2,000
1c
lun
21 %c
24c'
v,' 14,000
18c
Dec
89c
7/,23c
23c
500
21c
Apr
27c
„
21
4,000
"
%c
.
—
Oct iv
Sep
July
,
Lawrence Paper 6%
2nd preferred
pfd
100
132
Water
Series A 4%
&
Power
131
132
270
41 %
■_
Shawinigan
Bob's-Lake
41%
41%
1,000
•
2116
21%
213/4
50
'47%
47%
473/4
com
preferred
Sherwin Williams of Canada
common.*
7% preferred
100
—-—
V T
C
Canada
Power
Standard Chemical
5%
preferred
Steel Co
of
Canada
preferred
7%
common
Biscuit
Banks—
—_
Commerce
30 % Mar
175
Apr
16%
131
7%
700
7
Dec
14
97
Nov
16
Mar
18%
Sep
9%
Feb
Dome Mines Ltd
Donalda Mines Ltd
Feb
East
104
89
Jan
7
Dec
9
Jan
6%
Dec
Fontana Mines .(1945) Ltd—
Formaque Gold Mines Ltd—
10
Feb
Found Lake Goldi*
Jan
21
July
3
450
26%
5
23
23%
20
213/4 May
3,660
35
35
21
28%
Oct
26%
Sep
31
,
Power
3s
225
13
Jan
233/4
Dec
38
Feb
19%
22
410
277/B
725
37
50
34
25 /25%
24%
22%
37
:
2,677
22
21%
25%
22
Sep
50
$10,000
r
Sep
23%
50
Last
STOCKS—
Jan
■
25
Jan
50%
■1
•«r
Par
Atlas Steels Limited
Pwr
&
of Prices
Low
Ltd
Co
CI
Belding-Corticelli" 7%
pfd——;
Brand & Miilen Ltd A
12
113/4
6%
6%
6%
100
•
—
.'.
Feb
/
90c
__
British American
British Columbia
Company
Oil
Co
Ltd
•
Butterfly
Canada
Starch
Co
Ltd
Canadian
Dredge
Canadian
Gen
Canadian
Industries
Canadian
&
108
109
110
13%
15
Light
Co
Pwr
Food
Chatco
Ltd
Steel
Products
5%
113
'Lake Shore
May
9%
Jan
18%
1
Dec
16%
49
Nov
Jun
112%
Dec
15%
pfd
25
20
May
30
Feb
14
Sep
16%
Feb
:22%
285
21
Jan
25
Feb
62
62
12
61
Dec
69
3%
>
3%
preferred
3%
40
—
40
2,130
••-v
■
3
■7;/
8
Nov
12%
Jan
1 06
-10c
/ 3,600
25c
5c
"-1--,...
'
27/a
Jan
2%
Aug
4
Dec
47
Can
Oct
,
15
3
15
Jun
15%
Feb
13%
445
13
Nov
14
Dec
4%
125
3%
Anr
6%
6%
50
6%
Feb
17
17
Ltd—*
Consolidated Div Standard Sec cl A—♦
Preferred
40c
—
;L-
Lithograph
*
Consolidated
Paper
*
Textile
Mfg
Corp Ltd
Mills Ltd
Paper Co Ltd—
Mfg & Aircraft
17%
———*
Ford Motor Co of
—
20
class
A
Felt
Co
Hydro-Electric
Ltd
Securities
Lambert
'
—
.
61o
23%
19%
65c
17
pfd
17%
135
17
July
22
19%
23%
1,195
143/4 May
19 3% Dec
19%
200
2%
100
2
Sep
46%
46%
25
46
-/ Dec
3%
2,600
2
May
263
20
Jan
6
10
6
Oct
£3%
53
54
95
95
35
18%
19
540
27
27
•3%
3%
8%
10%
—
18%
—
«***
i'v
1,086
25
*
23%
*
70
95
13% May
27
Apr
8%
50
8
Mar
10%
50
9%
13%
42
42
;
175
.
7
11
/
57% .57%.
7.90
7.90
•
_1 ■'
/
T.10
f
y
May
•13c
>;
Feb
60c
90c
Jan
.
NOV.!,
Jan
16V*
1.70
-
56
•
;
■
/..•>.-3.55
Feb
(jl
4.80
Jan
7c
14c
a
66%
Sep
10
Jan
Oct
1.20
1.35 May
'
1.82 May
y
1,100
Feb
Oct
'•
Feb
1.80
Nov
25c
•
a; 6%c May
-
Jan
Nov
21c
Nov
7c
2.05
2.90
May
;
v1-000
-
7c
50c
y
35,100
•„
8%c
14c
-
Dec
Mar
1.01
i
22
Mines
—50c
_4_>—
14%c
14c 14%c
Mines Ltd '-^-.i—Lil
3.10
——-—-1«
Mines Ltd.:
Cons
Mines
Hughes
Gold
Stocks—
:
—————-1
47c
;, ' 40c
45c
12,500
.
3 10
47c
—
r;
Ltd
&
Oil
Ltd
Oils
69c;
--
12c
200
Mar
v
25c
Mar
-
i
34 %C
May
2.10
500
:
,/;•
1.92
Jan
,35c
40c
Feb
Feb
5.35
57c
Oct
Dec
50c
I
-1
1,603
300
;,
3.40
May
Nov
8c
4.00
4.50
1.80
5,500
.
Jun
3.30
5c
67%c
Apr
85c
•
'
.
Nov
2.50
Pacalta
Jan
Jan
4.15
"
Jun
20c
Aug
July
/
Ltd
Corp
Oil.
19c,
1.95
5.25
5.85
1.25
*
1.08
1.90 May
6,000
19c
1-80
5.85
•
Ltd
16%c
1.24
12c 13-%c
—
*
—
Exploration
/
*
—
Ltd
Oils
Royalite
Co
4.15
Dec
57,000
11c
Dec
900
40c
Mav
2.n^
nor,
Jan
5.75
Dec
•
v';
2.94
9,155
61c
Jun
3,600
60c
Sep
July
7c
Sep
Sep
24c
9c
15,000
2,000
9c
9c
15c
Jun
17%
17%
100
14V2
Jan
207/a
Jun
13%c
Oil
Co
—*
Ltd.
"——
7
..
.
*
17%
v
Toronto Stock
2.55
July
Exchange
■
•
f
Osnsdlsn Fond*
;
Friday
Week's
Range
Last
Nov
12
Nov
18 3/4
: »Sale Frio*
•
Sales
for Week
of Pricea
8hares
55 %
21%
Power &
Paper common
$1.50 preferred
Acadia-Atlan
preferred—-—
Jan
Gas
Alberta
3% May
Jan
Alger
61
4%
25
12%
Range for Year 1947
58%
99
28
Ltd
Jan
American
10
11
10%
16%
200
108 108 %
11
55%
5
108
-100
102
Dec
107
—
87/ac
8%c
18c
18c
53
5iAa
• •
18c
/
247/a
Feb
9
Jan
Nepheline
—
Yellowknife
*
—1
.•
i
Feb
Area
•
-
Mines
24%
76
/
—
1,000
Sep
:850
Oct
^
11c
;' * 22c
>s45c
;'V -9c
1.70
.45c
1,500
',45c
.
9.00:. r-
9.00
9.20
800
6c
8c
19,000
,22c
7'/2c
31c
1,000
8c
1,500
8
540
—.
V.-- 9c '••.,
.1.99,
v
9c
2.00
.
v247/a
500
:
26c
Oct
Feb
F»b
Feb
Jun
.97c
Feb
59%
Nov
228%
Dec
.
Dec
27%
Feb
Dec
1.90
Jan
77c
Nov
7%c Oct /
47,450
Jun/
32c
Jan
188//Mar
100
55,200
"
.
1
8c
--
31c
^
••
1
—■
,
100
:
t
—
Ashley
Gold
—
.
v*
Quebec
Mines
Mining
7%
.
—
63
Jun
19c
Mar
1.90
\
Jan
July
Apr
Athona
153/4
Dec
Jan
Atlas
16c
1
21%
Jan
Aubelle Mines Ltd
112%
Jan
Aumaque Gold Mines
Aunor Gold
'
—
-•
1
12
1
Yellowknife
12c
Dec
Dec
6c
9.65
-v
Oct
Seg
Sep
Feb
13%c
...
.
14c
70c
May
6% May
-
Jan
9%
Feb
.-:97%
F^b
1.03
Jan
83
83
10
40c
6,900
35c
13c
17c
80,400
be
May
27c
Sep
11c
1,000
8c
May
23 %c
Jan
r
11c
11c
1,000
7c
12%
1,300
9
12c
13c
4,500
11c
12c
10%c
12c
10,800
1
25c
23%c 28'Ac
5,600
4.00
2,700
—
83
11%
1
1
Nov
6c
1,1 c-
—1
*—:——1
Atlas Steel
22
8.25
22c
7
-39c
1
Nov
Jan
21
25
'•
;•
.
10c
1,015
38c
•
common
Preferred
Armistice
112
60
•
247/a
.•
L—
Corp
Dec
Jan
May
10c
21%
"
Anglo-Huronian
•Apex Cons Resources
Aquarius Porcupine
May
Dec
Apr
5%c
'
* .'22c
.
36c
,
^
14% Aug
100
40
54
-
14% July
55
45
-218% 223
pfd_—i.i_100
Feb
4%
Jun
107%
-
13c--'--38,800
I2c!.;./-llc
>
.
common—;
Anglo Canadian Oil
Astoria
225
22
—
Amalgamated Larder Mines————!
Nov
12 3/4
15% May
65 % May
100
55%
19%
Jan
11
*•»% Ma*
-
Nov
Jun
108
1,635
1
Aluminum of Canada 4%
14%
10%
20%
—_A
Aluminium
46
10%
14% May
20%
20%
common..
i
Jan,
100
at an
:
630
100
Cons
Steel
i
Jan
Aug
70
.
Low
'
17%
20
Mines
Pac
Gold
Aigoma
Feb
12
70
..
High
17
•
—.——
Nov
Jan
-
Oil
&
Low
*
Nov.
40
985
16%
108%
27
Par
,
Abltlbi
Feb
50
23%
>
f
•
;
3.90
May
Dec
Aug
May
•
38c
Feb
13
Nov
35c
Feb
8y4C Jun
39c
Jun
76c
Jan
6.20
Apr
20c
3.90 May
f
:
Feb
2.80
;
7 •; 1.70 May
400
7c
4.50
>
200
8c
*
2.17
4,600
3.40
—
Ltd
*
1.98
-
1
7.
-
70c
2.17
-1
Mines
Edmonton
Co
c
*
.■
Dec
21%
Ill-
13%
23
=•,
Dec
7.90 Dec
,•
;
Jun
/ 61c
1.30 Dec,
.
1,000
59c 6OV2C
7c
!
'
T%c ,'7%c
—
*
i;
v;
33¥2c
Oct/
12%. Dec
' Dec,.
61c
'
Mines Ltd——1
i
Jan
16%
^
May
;;
14%c
...
300
—
y
-
'r '
13
,1,000
Gold
<
r
95ck- Feb
Nov
-1 ^14
/
May
33c
''
•
'
2.600
1.70
-
Corp
*
r
Sep
Dec
\l
/'
•
50
1.15
Argus
11
10%
Dec
Oct
13
7
108
*
May
3
13%
5
42u
100
'
~
42
10
50
•-^45c
5c
7,500
3,300
* 12
1.10
American
*
Service Stores Ltd—
*
Power Corp of Can 6% cum 1st
pfd—100
189
Jan
21%
pfd——,—,100
pfd
11%
15%
14% May
8% May
6
Paul
2nd
10
2,212
21
•
'
.
.5
Feb
6
•
ftay
9.50
1,000
.1.45
-1,37/. 1.45
L87'—L85—95
4.
Feb
Jun
21%
•
May
18c
425
7
•
1.70
Apr
Jan
*
1
.
.
Part
22 *
19%
'
Minnesota & Ontario Paper Co
Moore Corporation Ltd
C
19%
15%
2'/a
--
Corp——*
com
13
61c
*"1.99
•
Feo
•
1,000
1'2%''-">•*
(/->
May
:}
5% July
7% Oct
35c
3
*
MacLaren Power & Paper Co_—
Melchers Distilleries Ltd 6%
Nova Scotia L & P 6%
Nuclear Enterprises Ltd
Orange Crush Ltd
17%
*
(Alfred) Inc
Lowney Co Ltd (Walter M)
N
Dec
3%
pfd
Investment Foundation Ltd
6%
17
*
com
"A"
Feb i\
~,.9%c Feb
.
4UC
200
2,17- 2.25
Acme
1
—
Great Lakes Paper Co Ltd
11
5
—4
Canada
18%
11%
Foreign Pr Sec 6% cum red pfd
100
Fraser Companies
—_——1
Freiman Ltd., A. J., 4%%
pfd——100
Hubbard
22
19
20
Esmond Mills Ltd
(The) cum pfd
Fairchild Aircraft Limited-.
Fanny Farmer Candy Shops
Fleet
79
174
92c
Dec
Jan
22c
^260
15c
/<
16c
*
com„*
preferred
Donnacona
17
■/.
10c. Dec
1,000
14"%
15c /.
•
__
.1
-
STOCKS—
Consolidated
5%
45c
17
*
:
,
Consolidated
50
May
Feb
39
■■■i
•
of
2.60 Aug
80c
-"•1,000 *
.
1.70
Home
,i
'
Bakeries
25c
...
-.^T4%
*
Consolidated
July
4%<J.N0V
700
10c
2.17
•
May
13%
—
-
Dredging
Mining
Omnitraris
'
15
5
,l 05
*
Okalta
1.75
4%
13%
•
i'V
Jan
17c
/1,000
340
^—••l '-
Gaspe Oil Ventures Ltd
Feb
5
i!
Jan
6c
11,500
>
1
|
22%
6
Nov
1.60
4.65
Aug
2.74
13,500
—„—_1
Consolidated Homestead
|
77
Ltd
Mines
Miffing
Cons
Calgary
V
100
8
*
•••'»
15
1.75
4c
Ltd
Oil
24
15
common
Jan
24
2
common
63
14%
8
17c
4c
11%
Vinray Malartic
Jan
1.75
25%
Jan
74C
:
'v£,500 /
6c^5%c
-'45c
45C
Louv^court.Goldfields Ltd—-t_——^1,:
"Macdonkld Mines Ltd—™
i—1
Teck
Jan
10
1
17c
1'
Jan
60c
-I,.*;.,
Sullivan
233/4 May
109
100
6c
•
Jan
39c
;
Klay
18%
>
1,600
-
]
Feb
25c
Oct
28c
50
500
93c
—
>
■'l
Stadacona Mines 1944 Ltd—•
Steep Rock Iron.'Minesl—J———1
Sep
111
—
-■
Mines Ltd
Wasa
Siscoe Gold
Nov
67
135
•
14%c
1,000
'^1
1
Santiago
Jan
•V-.\7 10
22%
7i'7
90c -'V
3.25
'Li.5/^'"-f11%
Gold
Silver Miller Mines.
Nov
10
15
20%
.
',
Dec
7
109
•
Co
Commercial Alcohols Ltd
27
98
53%
Company Ltd.*
Catelli
Oct
May
2% May
10
•
May
24c
Rowan. (1945)- Mines Ltd
Sherritt-Gordon
Jun
109
Ltd—*
Dec
19c
6c
—
YeUowkmfe
Mines Ltd^i.1""/
Rochette Gold Mines Go Ltd—
Nov
3.00
53%
Ltd
Co
55
7c
2,000
93c
4c
l
Feb
177
/
5
common
Rand
&
•
19
2,300
17c
"
Quebec
Nov
7%
Dec,,
43
3,795
19
8,800
9c
22c
3.20
Al
Quebec Manganese
High
Dec
22
25
6
13%
22c
7c
O'Brien Gold Mines Ltd—--
100
pfd
common
Canadian Marconi Co.—
Canadian Western Lumber Co
Canadian Westinghouse
8%
925
86
6
1
Dock
Invest
Ingersol
Canadian
23
86
•
May
24c
Ltd
Nechi
1* V3
-■Vd-l
13
Jun,
80c
22%
100
Hosiery Co Ltd
5
162%
6
1
Preferred
25
1,100
86
Pulp & Paper com—•
common..
Canada & Dominion
Sugar
Canada
Malting Co Ltd
Canada Northern Power 7%
Qpld
Nermetal
9% Aug
150
;
1.10
20c
20%
—1
Mclntyre-Porcupine Mines Ltd
Minings Corp of Canada Ltd—
Rangewf orYear 1947
810
162% 162%
/
Mar
'
Jan ;;
'
.
21c
—
Mlnea«Ltd—
Mines-
Lake
.
r*
Low
12
B_*
6c
13c
'
1
__
———-._1
Consolidated.
Lake
Pandora Cadallic
SkarM
High
•
Paper
500
13c
.
..
Bale*
far Week
>Range
Bale Prlea
r.
Nov
—
-1
Ltd—
Kerrr.Addison
Nov
39
Jan
"
Week's
7c
54c
•-90c
IvV:>
Joliet-Quebec
Nov
28%
■
Friday
Dec
Dec
!22c
3.25
Ltd
Ltd
Min|s..
"
Canadian fonts
lc
38c
•
20%
—_1
.—
Gold'Mines
Mines
Gold
Jack
•
Brown
Heva
..
Feb
Apr
July
Apr
Montreal Garb Market
Bathurst
Lake
Lake
50
100
14,500
.
,
1
Goldvue Mines Ltd..
'
_1949
lc
—
1
Dec
27%
27%
Sep ' ;
■
God's
Feb
343/4
21
Oct m
11c
50c
-
—
-
1
Oct
26%
70c
Dec
„
J.
Ltd—
78
560
Sep
5c
i
-*7
Mines
Eldona Gold Mines Ltd
Goldbeam
—10
■.ss
Sullivan
20
21
5c
1,000
lc
—
1
80
7%
4,500
5c
.
i'43c
•
22c
v
1
May
26%
21
1
Explorations Ltd
Cournor Mining Co Ltd
82
21
18c
__
50c
.
Oct
6%
10
&
;
75
26%
10
He-at
1
66
7
10
bonds—
Ltd—
'
78
2616
2314
1
Cortez
Hollinger
Scotia
Corp
•
Mines
f'
!l5c
-
,
;
16%
97%
<
15c
1
Mines
60
10
—
/
Montreal Lt
Gold
:
Nov
76
M
•
5c
1
Ltd——.
Diamondl
Manitoba
'
Nov
15%
16
Mines
&
T.td
■; *
'
7'7'7
:■
Consql Central Cadillac Gold Mines—1
Apr
12%
*
Royal
.
Dec
12 % Mar
80
•
—_
r
Jun
153 %
7%
*
___
'25
220
*
Montreal
Nova
30
4
Canadienne
~-
'7<;
325
7716
•
Weston
Candego
Central
97%
•
Worts
(George) common
Winnipeg Electric common
Zellers Limited
common
Sep
Gold
Gold
Mines
Jan
50 3/8
*
;
common...
Walker Gooderham &
25%
Dec
14%
16
716
*
—
Dec
47%
15%
25
Tooke Brothers
United Steel Corp
Viau
•
100
—
21 %
25
25%
Bonville
Brazil
14%
1416
•
common
Oct
15
—*
Southern
140
460
15314 153 %
*
Jan
716
•
•
25%
—
Sicks Breweries common—
116
Gold
1
; [
■
St
i
July)»
< 43c
Jfan
18%
Augj
15
6ec
24c
Dec
9%
Jan
114V*
3,412
18
__
__
Feb
19%
50%
17
Apr "
12% Mav
65
38c
Jan
4
18 %'
„
,
Jan
26
!
17%
__—*
Ltd—*
Ltd
38c
High
8%
55
144% 144%
—
Ltd
75
Mining Stocks—
Oct
70
103
Dec
102 %
96
44%
'
,
10% May
900
18
25
Lawrence
Class
3,050
68
9816
25%
98%
•
Saguenay Power 4%%
St
143/4
67
98 %
*
100
—-
Quebec Power
"5%
„
f
Power
Ltiu
-5%
"
.
May
■"
Thrift Stores Ltd——
—*
—
Range for Year 1947
High
10%
14%
/
V
Share*
-
10%
.
•
Ltd..
Low
10%
•
—
27
15
*
for Week
of Prices
.1'
1
May
Sale*
Range
Par
i
Sep
Aug
21%
48
11
27
Week's
Sale Price
■
7
High
Apr
22
•TOCKS—
Sangamo
*
:
42
49
49 %
*
Placer Development
Powell River Co
243
22
—*
com
common
45-
25
'
*
Low
:
Last,
Range for Year 1947
11
'
—
,
Shares
11
—
*
Friday
for Week
High
4416
5
Noranda Mines Ltd
Ogilvie
Low
•
common..
Chemical
&
8ales
Last
Sale Price
8TOCKS—
Feb
«
Volume 167
Number 4661'
THE COMMERCIAL
& FINANCIAL- CHRONICLE
LISTED
CANADIAN
,
Friday
Week's
Last
STOCKS—
Par
Bagamac Mines1-.
Bankfield Cons
of
7c
Montrea
Bank
of
Nova
Bank
of
ZZ
II—IIio
_10
Bear
Exploration
Beatty
Meauneti
,Belleterre Quebec-.——
Bell
l
Telephone of Canada
Berens
Blue
Ribbon
Bobjo
Ltd
British
British
'••
•"
•'
Electric
British
Broulan
Buffalo Red
i
Building
Burns
Co
&
!
Calgary & Edmonton
Oils
Canada
Canada
Northern
Canada
Canada Permanent.
Canada
,
Wire <fe
1st preferred
Canadian
Pood
.Canadian
Canadian
V'«-l
Jan
30c
Feb
1,200
15,500
25c
Dec
44c
Feb
5c
Aug
17c
V
:
25c
5c
6c
•
'*
;;;
'ivr
1.00
18V2
.
Chatco
Steel
'
I
-r'
10
'
50
7
Chemical
May
90c
Elder
13 Va Mar
Dec
3%
825
60
•
25%-
i
Cheskirk
500
2
July
21c
58,600
13c
37c
1,500
27c
.Nov
Dec
Aug
6'5c
1.05
15,500
v.? 2.25
2.40
1,510
14c
15c
3,500
'
'
30c
-Jun
16c
;
CheatewdUft MIno«
•
4.75
ntrRlam
Coastal
Malartlo
13c
35c
Mar
50c
Jan
-1.55 •
3,500
245
28
May
37%
65
22
July
30
280
12
3.90
4.55
15.405
7%c
y 8c
3,500
■Ford
v'.715c'
Dec
;
Cockshutt
Coin
;
Coniages
(
Plow
.May
1.70
Jan
19 Va
;
,
Mines
Dec
5c
Nov
5%
17 %c Feb
;
100
28
100
7
7
*25
6%
Sep
8
Jun
God's
53V2
190
48%
Nov
62
Feb
Mi
100
8%
Jun
17
24c
v
19
5
7%
16%
May
Dec
16
23
23'/2t
891;
.
20 %
25
25
100
;
Consol
;
Central
^Consolidated
16%
16%
23%'
11%
11%
.
340
I
-
Consolidated
Consol
Press
Consumers
;
Conwest
Cadillac^
Mining
class
V;
&
Smelting
A
29%
;
';
Nov
18
10
"
'
May
May
19 V4
Exploration
Imperial Mills
Crestaurum Mines
.
'
15 V2
37%
v
6,295;;.
:
27
2.70
.
:ll%TMay
/
"25",^v26%Sop.
600
,
i2f00-May
l.lOMay
1,600
1.45
25c
28c
21;000
8%
8%
100
8'/2
8%
50
50c
65c
5,510
8c
9c
3,000
2.80
2.95
400
1,875
>
1.23
106
Nov
Oct
i
.
'
__
•
../gun.
.
1.10
v
1.10
i
1
•.
2.35
»v
<,
Class
j
1.45 Mar
2.20
Jan
1,
*;..'•
Delnite
Dett.a
——:
:
—
Mines
Red Lake
Dexter
Red. Lake_J.j________-__i'P.j_
fnekenson Red lVAir<
Discovery
1
,
=
,
y
Yellowknife
90
-,Vu 17
17
100
81c 85%c
22,600
9|43/a
99
1,841
11
100
151
152?'
1.15
96c
''
V.
25
11,800
25
Jan
Harker
Dec
33c
Jan
Dec
4.30
2.20
10
27c
28c
3,100
42
42 %
155
13%c
14c
2,700
3.45
Dec
Dec
51c
35
1
1
26%
"
16c
15c'
Jan
15
Feb
Dec
2
16%
Oct
65c
Jan
18c
Oct
61c
11 %c Dec
34c
21
Aug
Oct
174 y2
;
;
Jan
Oct
1.90
25c
Oct
397/8 May
10%c Dec
18c
v
104V2 Aug
30 V4 Jan
55c
115
8c
26
30c
Jan
27c
31
Oct
700
1.46
Dec
9,100
6%c
Dec
26c
Feb
2.44
July
-
23c
Dec
9c
Feb
71c
Aug
Sep
Jan
|L7c
17c
17c
1,000
16c
July
5c
5c
1,400
4%c Dec
23c
13c
111-
1
•.
;v2.15
-'*14c
8c-
25c
1.98 Mar
22c
Feb
Jan
Aug
SOc
Jan
4,500
1.85
Dec
3.30
Jan
6,300
8c
Aug
74c
Jan
2,500
7c
Mav
20c
Sep
Sep
600
2.20-
13 %c 14 %c
__
Sep
8c
2.03
13 %c
23c
25c
6,700
17c
May
4c
4c
500
3c
Dec
103
106
15
95
July
52%
52>/2
90
52
Dec
10%
10%
10%
Oct
14c
14c
1,500
9%c Aug
16c
Oct
13 %c 13 %c
5,500
10 %c May
17c
July
13% May
43
\
10%
__
__
19
43%
5c
A
18%
200
19
.
46c
lie'
113
55'A
12
Jan
Jan
Jan
Sep
19%
Nov
43%
44
280
Dec
47 Va
Jup
5c
5c
500
7c
Dec
8c
Apr
75
75
5,055
70c
Dec
1.00
Nov
30c
1,500
-
—
28c
•
__
*
8% ;
1
20c
'
;
Mines
Heath
2,885
Gold
8%
2%c
16
35
Mines
2c
3,500
Jun
Mining
18
30c
Dec
Mar
1,050
420
9% May
12c
12c
12c
1,500
9'Ac May
7c
8c
10,800
7c
May
21 %c
Feb
85c
89c
3,685
75c
Aug
1.45
Feb
5c
3,000
7c
__
5c
5c
10c
10c
11c
88c
SOc
2,500
23c
22y2c
24c
7,950
*
Mines
7%c
7c
8c
10,500
13c
12c
13c
3,500
*
Gold
19%
19
19V4
385
5
11%
11 y8
11%
735
•
5.75
5.15
5.90
48,275
1
—
Mines
40c
40c
45c
15,500
29c
30c
4,650
1
Mining & Smelting
Malartic
__
•
46 %
1
Hunts Ltd class A
I
10
Oil
Dec
20 Va C Dec
6%c Dec
Feb
9.50 May
13%
Nov
2.75
Jan
24 %C Aug
47c
Feb
46
Dec
Dec
13c
Jan
155
10
July
> 26
26%
175
25
13%
Sep
Apr
SO
Jan
15% July
15
15%
13,735
12%
Jan
14Va
120
13%
Jan
7%
7
7'A
175
6%
Dec
—17
17
17
40
14,500
2,800
1
class
:
49c
49c
52c
A
Nickel
Petroleum
Co
common
•
33
v
15% Mar
8% Mar
Nov
18
Nov
5c
Dec
24c
Feb
46c
Aug
85c
14
26
29%
29%
International
Dec
Nov
Jan
14Va
Mining
65c
2%c
11
6%c
5.30
40
28 %c Dec
115
4,000
5%c
Feb
Jan
4c
6C
97c
July
46 %
1
Feb
Jan
18c
M'/a
Gold
Feb
1.40
18c
15%
£1
15c
35c
t
23%
•
common—!
Apr
Oct
Imperial Tobacco of Canada ordinary_5
Varnish
Apr
18c
Jan
8c
17
10%
26
Jan
12
Oct
86c
46
__
65c
Dec
9c
.«
2%c
__
*
_____
5c
1,000
90c
*
■
Consolidated
Metal
Feb
4%c Mar
May
11
1
Oil
Inspiration
9 Va
May
15
33c
1
Sarcee
Lake
Jan
Jan
30c
1
Heva Gold Mines___
Indian
57c
16'/a
10%
,_1
Preferred
.
'
1
Bank
8'A
35
2%c
Dec
May
30c
1
Hudson Bay
20c
13
55
10%
Mascot
Imperial
Imperial
15%
15 V2
1
Gold
Home
15'A
> 8%
„
____*
—
1
*
30
625
32%
33JA
3,430
31%
12%
Mar
Dec
Feb
33%
Aug
37%
Jan
16%
Feb
j 15
Jacknife
15
6,650
45c
56c
38,050
35c
July
90c
Jan
6c
1
14%
47c
*>
International Uranium
8c
1,500
6c
Dec
15c
Jan
9c
10c
3,000
8c
Dec
19c
Jan
14%c 15'Ac
17,993
14c
July
55c
Feb
•
Sep
Feb
Jack
Gold
Waite
Mining—
36c
May
85c
Feb
') 30c
May
75c
1.70
Jan
Jellicoe Mines
Feb
Joburke
—
1
Sep
60c
Dec
52c
58c
17,000
44c
Aug
19%
20
935
60c
67c
19,500
20
20 %
720
18
Jari
25
25 y4
25 %
175
25
Apr
29%
25V4
3c
42c
1
—
Gold
2,600
7,400
•
10c
3,000
Feb
Nov
7.15 Mar
57o
•
—
6,300
86c
63c
5,000
3'Ac
108
60,300
1
41c
80c
20V2
5.40 May
69,200
*
<
52c
;
20
7
Mar
1.64
45c
10
3,172
Jan
Jun
•
9%c
35'/2c
1
•
Feb
8c
.
5Va
18'A
104
Mar
1.43
Oct
Jun
74c
l
Headway Red Lake
Imperial
Jan
45
Aug
Dec
3'/2
Jan
Aug
111'/a May
1.11
1
International
5,000
V
9c
108
50
Feb
May
20
Apr
67c
*
Hasaga Gold
Int'l
16,500
16%
6.00
Nov
Dec
3*25
1.00
•
:
Howey Gold
!
Apr
Dec
38c
100
•
common
Paper common
Hosco Gold
Dec
80c
lo
i
Feb
98
25
Dec
2.05 May
71c
Carpets
Highridge
Feb
13
82c
Dec
92
1.05
1
Lime & Alabastine
Highwood
1:20 Nov
78% May
147
Nov
14% Aug
103% Dec
3c
__
Jan
10%
Dec
Feb
25
1
•T- Hinde & Dauch
Sep
1.56
1.56
9c
47c
'
21c
^26%''26V2
i.
'
,
r,
•
V
Feb
Dec
1.40 May
6
Jan
12c 13'Ac
__
Feb
Aug
12c
-
450
»
Dec
13%
19 '/2
85
•
Dec
Dec
9
104
•
Gold
Hedley
Feb
\5
".'V. /'"V/.'-JV
v
20c
___♦
Dome Mines Ltd
Dominion Bank
i
Jun
11
95c
2
Feb
9%
5.90
6.00
]
-
Harricana
Jan
24c
-
103%
25
42
'
16J/2
1
preferred
Hard Rock
Hugh
103%' 103%'
<
37/s
16 y4
1
Mines
Hoilinger
27c
2
6,000
1,000
l
Distillers Seagrams common
Diversified Mining—
For footnotes see page 42.
79 %c
A
.
1
May
2.10 May
L___
Mines
Cotton
5c
700
7c
2,200
18c
A
Mines.
^ '^Denison Nickel
.
/»,•*'•£
29c
98,100
Petroleum
"Davis Leather class
;
'
12
29c
19c
13V2c
108
3%
11c
•
Mines
Gold
2.58
3,700
~
22c
'
108
__
3 %
1
Hamilton
Harding
;
}
4,400
__
85
1
Brass
Jan
A
1.51
1.00
_\__1
t*•
Nov
Apr
22c
100
19
Nov
9
50c
1.08
-
18%
50
A
ll7/8
14%cFeb
11
_100
X'**•*'
50c
Dec
95c
^
__
1,870
_
1
;
Halliwell
Feb
16i%c
•
10
11%
1,500
95
2.25
15c
•
Gunnar Gold
Hahn
4c
2.40
L
common
Wihksne
'•]: Gypsum,
• 3.05 Nov
13c
? 99
'.
15c
95
2.20
May
6% May
-
2,600
2.25
May
2
200
22
*
Bousquet
Guayana
600
-.
5c
Feb
Feb
,
2,100
19c
■
3 Va
20
__
*
Porcupine.
Great Lakes
12,000
1.50
v.i
:
3%
22
'
•
Gordon Mackay class A—
Grull
5c
6c*
1.50
•
25
Preferred
k
21c
iiy2
Si
1.00
12%
—*
Mines
Goodyear Tire
Graham
1.15
2.30
>
11 %
__
12%
Mines
Dec
Jan
May
700
Mines
Eagle
Sep
75c
134
8%
Gold
Goldvue
20c
-
__
D'Aragon Mines
Davies
.
i
'
1
Gold
8%
30c
Oct
8%
Mines
4V2C
5c
>: 83c
July
95
25
1
Lake
7
;
Jan
135
__1
Glenora Gold
Goldora
'
13c
Feb
67
1,000
-100
Goldhawk
I
15% Feb
V'-29
Nov
,
19%
Dec
9
100
Arrow
i
Feb
98%
Sep
Aug
6c
•
class
Manltou
Jan
100
16
46
100
__
5.50
Sep
55
9
common
Golden
Nov
18%
3.90
Feb
2.60 Aug
125
100
_♦
1.36
1.96 July
1,060
>
*
5%c
Oct
; 1.25
»•;
65c
100
Lake
i
Jan
17%
.
22% Aug
1.32
^
28c
_:i
;! Crow's Nest Coal_
•Crowshore Patricia
25% Jan
4.70 Oct
20
1
26,827
*
.—100
Grandoro
11% Mar.
.1.25 ^1.40
.,
Cosmos
«
•
60c
Oct
___100
Gold——
Golden
Feb
60%cMay
13
'Sep
27
'
1.32
___•
' Corrugated Paper Box preferred,
;
Dec
16%
47
Feb
30
87c
14%... ..'15
1.35
■
__^100
19c
20
4.40
4.45
.4' Goodfish Mining
Jan
14%
-2.62
-
*
Gas
'
Jan
29V2
100
*
5
3,800
24c
20
3.85
•
17%
Exploration
|
23 y« NOV
26% May
-26
82c
v
15
•
A
May
22c
__
4.40
___•
s
Mar
14%
:
__
l
Oil
28c
4.30
A
1
•
25,-.'Nov
10
'
r
-as Apr
201%'Dec
'Sep
16
15 7 f
60
13%--' 13%'
1_
:
Homestead
54,800
17 %
Globe Oil
A 18
V
25
Gillies
.'it 13V* Nov
7% Aug
75
-
23•%
■
v,
94c
46 »/2
Giant Yellowknife Gold Mines
Feb
23% Jaii
31% July
;
•lPS^Mar
19tT Apr
;V22 % Bop
20 v.'iJun,
July
3.50
Sep
445
20 Vi
73 c
Jan
27%
•
35
223,a
Jan
2.30
100
7%
_i '
.
83c
84c
Oct
Aug
47
Bakeries
Goldale
.
86c
;
Mines
Sep
Jan
19
60c
4.30
Preferred
18%
28
23%- -23%
__
Bakeries
Beattte
40
21
75
2,800
17%
preferred
700
"17
?U16%
5
Consolidated
37% July
19
70c
1
Gerveral Steel Wares
i
?
•
Consolidated
i
15
19
Feb
66c
—
f 4.15 Dec
26,400
v,
,___i
Coniaurum Mines
38%
(A J) preferred
General
>
52%
.
__
1
1
38%
__
x
—10
Gatineau Power
63c
22
*
Yellowknife
Jan
•
preferred
Canada
Frobisher
18%
,
Lake
:'.Cdlomac
11%
_•
Kirkland
Freiman
2,90
v
11.
8'/2 May
—1
Mfg & Aircraft
58c
v-1
__
Grain
of
2.75
__
Nickel
Players
Francoeur
Dec
16%
•
Cochenour Willans Gold
,
55
Feb
28%
16%
__
l
Oils
9'/a
Feb
Deo.
2.20
18c
.
198-v- 199
s
Jan
9'/2
__
__1
Fittings Ltd class A
1111
i1--'
4.75
-
Feb
Dec
65c • Dec-
30%
.
-.>>
1 .k:-,
Chromium
2.45
2.70 May
•
Corp
Preferred
48 %c Feb
27%
53%
1
1__
i.50 May
8,400
1
Fibre Products com
Fleet
*
Mines
2,250
_1
Eureka
Federal
2%
17c
*
'
i__«
'
Mines.
English Electric class A
Federal
Dec
1.75
3.35
20
Jan
-r^S^Afan
25% Nov-'
43c
1.73
3.15
1
Palconbrldge
12 %c July
1.73
25
A
Jan
24
3 % May
*»;.£/ i-'?'*'-'/-*}*.v
_
1
Trust
Mines
El Bol Gold Mines
•
Jan
28%c Sep
57c
Jan
Dec
3.35
•
—
class
1.58
Jan
1
—
Invest
Dec
7'Ac Dec
25c
Feb
Jun
;__1
Feb
4
26%
3%v
'25
V
Wines
Research
Steel
Paper
fiQdy
'
1,907'
99
2%
•
—
Mines
Mines
4%
-
4.45
____i
■
Preferred
_Chateau-Gai
Malartic
Sullivan
Eastern
1.62
Nov
53c
5,500
Sep
28
_—-l,
:
22c
15
90C
Jan
33,100
103 %
?.97%V„
63C ;.
«
Porcupine
5c
43c
33c
Jan
Oct
■
Central
34,750
38c
Dec
;1.
______
s
14c
2.75
25
Castle-Trethewey
Central Patricia Gold Mines
10c
42c
Nov
5,100
16%
r
Railway.
Corp
8c
_*
97%
100
Pacific
Tire
59
17c
28V2
Cariboo Gold
,
Dec
7%cy
*
Canadian
Canadian
9%c
Oil
Famous
13%
Cos common
*
Fanny Farmer Candy Shops
*
preferred
10,800
14,000
Oil
Dec
;
•
5%
65c
10c 10 %c
28c
Jan
Locomotive
Oil
55c
10c
24%
«
Canadian Malartic
65c
26% May
16 %c Dec
33c
Dec
;
Canadian
-
64c
14,300
1
24%
28%
"A"
34,700
21c
Apr
23%
common
93c
19c
1
27
20
Alcohol
320
84c
20c
•
—
Oct
v
i
feast
53%
MortgagCi^i^lOO
Products
May
May
13%
85c
__
21V4
Cablev'FB^lXr-——4
Industrial
11
13 V2
1
*
Mines Ltd
405
16c
Canadian Car class A_____-________20
.
Dec
Leduc
East
10
•
Canadian,Dredge
20
Crest
East
53 '/a
—___•
—
340
865
95c
Canadian Canners common:
_
Nov
22
East
*"
Oct
2.25
Canadian Breweries
v
27%
20
Mines
^
10
i4c
Canadian Bakeries
»
J
*
Canadian Bank of Commerce_Ls.tiiJ^_10
-
May
21V*
*
Mines
Economic
Packers class
Power
Chemical pfd____23.50
23%
%
!_•
:
Nov
Amphl
Feb
50
'37c
___«
;
19
20
Duvay Gold
Aug
1.35
Feb
12% May
Jan
90c
31o
Jan
97/a
70
;24%
2n
;J
Gold
Nov
Oct
2,850
Mines
Donaida
6%
•
18%
; 22%
—»
Machinery _:
Malting ___—
25
26%
32c
1
common
8
High
19%
133%
17y8
Dec
________J_1
Preferred
8
1,205
26'A
Dec
20%'6
_l
8
;
18%
6c
/'•
•
Flan:
Campbell Red Lake—
Canada
Oct
,si2%*
v
V.0
28
26'A
16%
—1
A—
27'A
13% May
26% Dec
•
Duquesne Mining Co
Feb
17c
«
Canada Cement
191
Dec
7c
99
'V
B
27%.
5
25
24% > >24%
-
1
Oct
Mar
4
•
165
60c
__
Calmont
Sep
9.75 Mar
July
.30%
class
Plin
89c
,
.
Low
19
*
„
500
V
:_;_l
B
Callinan
6.75
class
Range far Year 1917
High
19
Jun.
Dec
•"V- 18c
100
532
80c
17%
Products
Class
Mar
Low
—
1
Woollens
Eldona Gold
23,%I
—___*:
Mines__—
& COal
7c
»
Lake
Dominion
91c
16c
clasa>L;_—v.26,%-'
Canadian
Stores
Dulama
'
'
pfd__:_—100
______
169
1.00
*
—•
Ankerlte
Jun
Feb
42
43c
7c
Buffadison Gold
"
23 3A
Aug
1,282
17% V
•
Buffalo
Steel
Dominion
Dec
36
98,895
,
'
-10%'10%
•
—_____*
:v-V.'
Buffalo
j' 38c
51,100'
•V 230
Jun
II,000
I
f
Porcupine
19%
i'^"' 415
40% '
25c
10%
.
Forest—
Dominion .Oil
7%c Jan
250
130,447
' ■>
1
__
64,200
42cV,!
:>
39
Dominion
Dominion Tar &
:
21 Ms-v..
57c
*
;
common
'-.V
B
Jan
12%
Pwr com..•
-
British .Columbia Power
Class
40
,28c
5c-
•
„
Oil
Columbia
Jun
110
23c
25c
preferred—___—_„_L25
Columbia
35
38'/a
•
Shares
25
Foundry & Steei____-,__^.
Dominion Magnesium
Jan
53'/a
17c
-
'
Lake—
cony
39%
"52c
!
__
1
American
3%$
Aug
7168
'
_1
—
&
Millan class A
Brazilian Traction Light k
British
33
V 74%c--
"
Brand
Red
?
-
Pershing
Brewis
:
168 %
54c
common
Bralorne Mines Ltd
;
136
37
preferred
Dominion
Nov
6.75 v 6.75
28c
Gold
Boycdn
28%
Coal
East
50
Mines
Oct
I>20%C V>25c-
1
Corp
'
—
__2_t.__i._l
Gold
Preferred
Bonetal
-
1
Gold
f
2Ie
_i--ii00
River
Bevcourt
Bldgood Klrkland
.
'
1
Jan
25%
> -21%
.•
40%
Yellowfcnilt;
19c
100
Ramou——Ll~1:;•/ 39cV''V\38c
a
Dec
Dominion
/'
for Week
of Prices
Par
,
Oct
I,571
,4V. 12c '510'%tf 12%c Vi
Brothers
350
7c
38'/a
Metals MiningZZ
•
Bathurst Power class A——iiL—_#
».
;f
—10
...Base
Mar
28 V i 28
37
Toronto
■■■
Range
Sale Price
STOCKS—
HiOt,
18c
7c
4,000
-
37
,'28
1
Scotia
Low
22c
Sales
Last
■
Range for Year 1947
High
;
Week's
Friday
Shares
20c
__
Hwrik
2
for Week
Low
1
_J
MARKETS
ENDING JAN.
Sales
Range
of Prices
: r
Sale Prke
FOR WEEK
RANGE
(79)
98c
Jason
Jo lie t
14
41c
May
21%
1.40
Nov
Mines
Quebec
__
I
15c
1
Ltd
Mines
7c
7c
7c
1,000
5c
Nov
.1
45c
40c
45c
6,350
33c
July
60c
Jun
42c 46 %c
8,300
33c
May
95c.
Jan
4,000
6%C Aug
21c Mav
24c
Jan
55c
Jan
40c
60*
Dec
I
12c
Nov
Dec
Dec
Mines
Kayrand
Mining
Sep
Kelwren
Gold
Jan
Keno Hill
—
1
1
*
'
8c
32c
__
8c
8c
32c 33%c
55c
57c
<.
11,300
1,050
Sep
39
40,
THE; COMMERCIAL & FINANCIAL CHRONICLE
(80),
LISTED
CANADIAN
;
:
Monday, January 5, 1948
MARKETS
ENDING JAN* 2
RANGE FOR WEEK
4
-
'
it.'
Friday
...STOCKS—
Par
#
i\l
Kenville
Qold
L
—
Kerr-Addison
Kerr
;.
Kirkland
Lake
"
1
2
;
Townsite
Kirkland
Labatt
k-l~"1
•
•
22c
;
2
21.70
1.
**
37c~ Mar
-
95c 4 Aug
14c
15j«60
;
[: 10-650
'r
*
;
i
■
133
Jttiy
^an.
1.05
.
-
,
Oct
.32c
Perrffini"; Gold.
.
Piccadilly
26% Mar:.
■I i;
.2-1
Exploration
-1
Laguerre Gold Mines—
a
Lake
Fortune
Lake
Rowan
Lake
Shore
5%0
—1
4c
;
12c
12%
60c
66c
Laura
*
•,
■_
6.75
Candy
165
v
18
>
>
75c
;
Leitch Gold Mines, Ltd—
f Lexindin Gold
—
^,1
3,566
2.% ©May.
39c
*—
Dec
1.16 Jun
1.22
1.25
12c
500
10c
Sep
50c
60c
18,000
46c
Dec
1.22.
50c
->
'•
.4
.Feb
*'■'4.23 %C Jan
14c,
42c
•
" 12©
Jan
59c
25-400 A f 7V4C Aug
18c
'
Nov
29c
July 4
Jafl
:
15c
-
'
—
-'4'
2.40
2.30
■4l.31-Feb<K.
4 .1,000.44 75c ■ Dec, '
107,566
,47c< Julys
80q 4'80c
i2%ci5%e
_.
■
r
885
2.25
4
17cFeb\;
Feb
>3.30
Dec
;
'
3.20
2,750.4 "
3.30
-i-i
-
3.20 Dec
15c
18c
50c
53c
56c
17,700.
40
39%
41
.680.;
12c.
..6,500.
'
Dec
-^^OMay-k.
:
45c
,
Jun11
-
Nov
River
PoweURouynGold___ll_J
l'
Voting trust certificates---—l
85c
90c-
'75c
7,900*
May
71c
1;67 May
.1
1.6C
Jan
11
Dec
'
>44% NOV-'
33%. Jan.
11,200
"82c
82c ;
60c
27c- May;
Jun
•
'.
Feb;
Jan
7.75
Power Corp
1
—*
__——_
14%
14% ' /
65
Metals
12%
12%
12%
140
East
2.02
2.00
2.10
2,500
1.32 May
6c
6%c
3,000
Dome—d—
Nov.
15
97/a May
Preston
May
14% .Nov
2.50 Nov
Jan
50c
Jan
Purdy Mica Mines
Purity. Flour Mjljs
Jan
17c-
21%
May
16% Aug
..
4 20c
••
3 V2C Dec
4,000-4
<
-
Porcupine Reef Gold—,—
1.25 Jan
.
Dec
4c
6,500
980
High
■
5%c Dec
2,500: -4
45c 46% C
3.30
Powell
13c
;• 12c
1.
1*
1
—
-•—4~
16c
.
Gold-**-!—-
Pioneer
Jan
22
9c
-
80
,78c.,
.
v;-.;
Nov
Dec
5c
4,500
i
4y4c
4c
78c
• *
A
6c
Jan
20c
Dec
10
10
10
20
10
Dec
14 Vb May
.,—40
common
51%
51%
35
51.
Dec
55
70c
70c
3,300
Feb
;
(
1_i„
Manitou
Queenston Gold Mines
4%c Feb
Dec
76c
1.45
_
Preferred
Quebec
414 c
46c
^.%'t
Jan
Dec
19
8,600
He
6.%©
18
Oil
5.500
y--8,500— ■7-%c-©ee"
r
1
Jan
;
s
Richmac
Gold
Riverside
Silk
:
1
Reno Gold
1.32 Mar
34c
,
95c
85C
95c
13%
13%
•
60c
1,760
'r
8C
•
.
—73c
v
8c
9c
May
1.20 Aug
12 %c
12%c
1,000
Feb'
Jan
16c
Nov
Nov
7C
21c
23c
7,000
17c
Jan
80c
47c
Feb
7%e Dec
13,500
Jan
21%
Dec
12%
Jan
1.20
July
64c
;
873
13%
:
——•
Regcourt; Gold
Nov
70c
1
—
Quemont Mining
y
•
I'
—.p—2
•
33c
4.50
Sep
Feb
2,000
10c
—3.
-
9%C
Pressed
6V2C
10c
1
„
2.80
5.70
7c
6V2C
Low
<;
Gc
-
.-•'•:.,4%C„.4%c
-*1,.
Porcupine
16%
-
Dec*
500
..
20
19%
7c
Lebel Oro Mines
Leduc-West
15c.
Apr
-Oct
700
.-i
Range for Year 1947 4'
Jan
-50©
7,750.
"3,00
6.60. :6.75
;
•
.
Secord
86c
12% Dec
830
7c
8c
,
:
Feb
.i2c
Vl<M>O0u
•
«6c
,
;3.00<
Mines———__——1
"U"-
61c
6c
4c.
,2,500
,«
•
12%
i
Lake Wasa Mining-
Lapaska Mines
Get
.
3,700...
,
15c
•12%
La Luz Mines
Larder
4.VaC
4c
„15c
Mines-
Lamaque Gold
7.5b Aug-
35c -May
14,000
-
:45c
42c.
.45c
Gold
*_
Lang & Sons
Lapa Cadillac
6C
-4t>
—
Potcupiiie Peninsular.
Mines
Dufault
Lake
.5%C
.3.40 May..
.3,200-....
6.75. ,6.65-'. 6.65
•
i
Pickl© Crow Gold -Mines--!—.
*
Labrador ( Mining - &
•
"
'
High
2.36 Nov
Apr
-
-
Parbec Mal%rtlc-
Paymaster rCons Mines__'___—
Pen-Rey Gold Minesl
r
1.33 Jan
.10c
.100-
...
—7:
—
:
,
_
Mines
Paramaque
17% Nov
Shares
46c- Jan
Jply-i
.
'2,000
20c
24:
.
.v
May
50c
^ ,1,600:
1J74
19c.
-;1
.
5lc
.
jtor Week
Low
Pandora Cadillac
Sales
.
Range
of Prices
Par
Dec
Aug 'v ]
12% Mat- <
.
^oa-.
*
25c
..
..
,1,755--
v
60c -
J-'..1,66;;
22
2—.*
(Jehn>
50©1
:•
t
4.000
<
i
;14%: 147/s
50C:
50C
20c
22©
•.
2
I
...
Kirkland-Hudson
1.1 ?
! 214%
1
—*-1
Lake-——*—*!_
Kdrkland Golden Gate
5.0c-
.
Week's
Sale Price
High
Lorn
■
.
Friday
('Last
,••
^4.4 STOCKS^
Range Ion Tear;.1947
Shares
High
40c.
50c
for Week
of Prices
Lota
;
.
.
; i
r.
Sales
Week's
Range
Lait.
-
Sale Prloe
'
'. i
Lingman Lake Gold Mines
.—
Little Long Lac Gold Mines Ltd—
•
1.48
1.40
1.50
6,830
2.40
Loblaw Groceterias
•
30
30
36%
135
28;
Jun
33%
Jan
Robinson,
•
28%
105
26%
Jun
31%
Jan
Roche
1
1.42
Dec
3.60
Feb
Roxana
22c
•■•
Feb
t
(1936)-;
class
A
Class B
Yellowknife
Lynx
;
+
1.36
1 "46
20c
20c
8c
.
500
8c
1,500
2.99
3.10
1.80
2.00
17,850
12c
11c
13c
Macfie Red Lake
89c
Jan
28c
Jan
Dec
Dec
Aug
Jan
MacLeod-Cocksnutt
Gold
1.45
9%
7%
1.30 May
100
7%
7%
.1.55
9%
1.50
Mines.
.830
3,660
2.25
10
9% Sep
5%
Sep
2,500
42c
35c
43c
24%
25%
17%
17%
325
8c
8c
1,800
21c
20c
22c
.12,300
14%
14%
14%
80
—
1
——
1
—-1-
Mar
Nov
38
Apr
67/«
1,175
17%
31
18,300
25%
1
100
6c
-
10 % May
5
May
12
Feb
30c
Aug
1.03
Jan
;
.
22%
Apr
2b
Jan
12%
Nov
21
Jun
8c
,
Dec
45c
Jun
17%c Dec
38c
11%
Apr
15
July
9%
Jan
19
Nov
50%
Oct
Sep
Feb
_
Russell
MacMillan Export class A—
Class B
*8%
6c
0
—
ROybar Chibougamau
Rupununi Mines
4.20 Mar
4.85
39c
40
32%
8%
>—
_
•
Royaiite Oii
1.70
32%
32%
*
—
Royal Bank
Dec
2.80
■■
10
May
m11c
13,700
A
com
Oils Co
7c
-
class
Little
Long Lac
16c
1.300
1.90
MacDonald Mines
1.40 Dec
1.27
9,400
2.99
Mines
Macassa
,
*
Gold Mines——/
bunward
(.
•
29
.
1
Goldfields—
;: Louvicourt
28%.
.
-
r
7%
9
Industries common—
♦
:
Class
preferred
A
■
16%
16%
25
44%
45%
235
133
133
85
41 %
St Lawrence Corp common
Feb
Sep
__
41%
41%
50
4.20
4.15
4.20
1,509
;
.
_—50
—
32% May
Nov
St Lawrence
100
Paper preferred—
117
140
Apr
Oct
■
Red
Madsen
Gold
Lake
Mines
Magnet Consolidated Gold
3.10
1
3.20
35c
2.80 May
7,300
4,600
..23c
Dec
1.85
1.97
3,300
1.50 May
*
3c
3c
5,000
2c
Dec
*—*
20
20
5
19%
Oct
Malartic Gold Fields.
1.85
1
Manitoba & Eastern
3.10
31c
1
.
,
2.60
July
2nd
New
4.00 Nov
56c
San
;
Gold
Maple
River
Gold—
Martin-McNeely
Massey-Harris
12%
444
31c
10,350
5'/2c
6%c
4,500
5%c Dec
18c
Sand
/
185a
1,060
14 \'z May
21%
Feb
27%
27%
235
27
32
18%
•
Preferred
20
11% May
21c
.
Dec
Nov
15
1.15
Nov
Sehator
Jan
new
12
12%
796
99
99
10
41
11c
11c
5
57
57
_•
com
Preferred
12%
"
^_100
McDougall-Segur
—
—
Mclntyre Porcupine Mines
&
A
16%
'
1,000
270
¥.10
3.25 May
67c
6c
13,600
Aug
20c
Aug
Dec
30c
Oct
16
;
Sep
16%
11%
Dec
13
Shawinigap Water & Power
Dec
104
6%c
Jan
17 % c
22
21%
22
180
48
20
11c
1,000
8%
Jan
50
Sep
Dec
47%
25%
Dec
21
48
—
McKenzle Red
Lake
Gold
.
Mines
Shea's
Wpg
Sheep
Creek
-
_
11c
-
"A"__
Brewery
Gold
Sherrltt-Goraon
68% Nov
Sicks'
62c
1,580
2%c
3,000
62c
1
•
Lake
Red
vtcMarmac
61c
2%c
1
i
;
—
Gold
26c 30 %c
28c
1
McWatters Gold
•
15c
7,900
17c
•'17%
5
18
15c
2,700
....
Mills
Mercury
:
Mid-Continent
Milton
Oil.
Oils
2%
Mondern
Containers
Monarch
Knitting
'
16^2
Morrison
;
> ,
«
43
Jan
10%
10%
55
10%
Dec
13%
Jan
1.01
_
1.04
900
1.00
Oct
1.65
Jan
3.15
50C
-
Gold
Breweries
I
9,433
15%
65
12%
%
14%
190
7.30
7.30
100
64c
69c
2.95
3.05
•
National Drug preferred
Petroleum
Steel
62c
Feb
19
Apr
1.75
18c
19 %
15 %
15
137
.
1-)65y'
35
71%
25%
25%
3%
80
2,000
15c
7,750
200
24c:
30c
18,000
22
Negus Mines
25c
11%
.22
20
23c
.
2.24
Oct
Mar
14 %c
Apr
16%
Nov
May
15%
Nov
3%
37c
Silanco M & S
Silknit
•
2.30
2.15
New
•
Marlon
New
1
Gold-
1.01
Silver
Jan
11,600
:
,
May
18
Jan
22%
Feb
Oct
toay-''
Oct
3% May
Dec
11
May
Dec
iSjifa
Ltd
65c
4%
Dec
10%
Feb
5,500
;:
1.01
10,300;
7.20
\
Miller Mines
Dairies
35
37
5
•
a
-
1.05
Nov
Apr
19%
Feb
Dec
40
Sep
12
—
*
_
_
11%
.
May
6%
Jan
24 %
59%
Sep
11 %
Jun
27
27
480
21%
"Vy/27'
•
_
24 %c
200
17,200
12
11%
*
300
50c
47c
47c
__
class
■
Nov
13% July
Oct
12
32%
Jan
29
Jan
22%
700
101 101%
Class B
25
40 %c
42c
9.950
40 %c
Dec
68c
Apr
39c
40c
4,500
36c
Aug
63c
Nov
19
19
so
17
Sep
20
Nov
22%
_
19% May
100
Dec
106% Mar
1
Sep
25c
Jan
17%cMay
40c
26%
Feb
0
4c
July
12 %c
Jan
Oct
1.45
Jan
•
I
Springer Sturgeon
Stadacona
♦
Mines"~(1944)
;
:
—L--—..
Preferred
Standard Paving
14,400
29c
Dec
65c
11,000
3c
Dec
9%c
Jan
2&'c
<110,100
15c
Dec
70c
Sep
.".-
common—
•
Steel
■
«
9,750
91c
2,566
50c
.
May
10
7
May
10
96
Nov
7
7
98
£
98
■
6%
:
'
1
1
common..
_*
._
_
*>
25
5%
400
6%.
6%
20%
20%
100
5
5
75c
75c
75c
19
325
1,500
—
.
4%
,
55c
Oct
1.48
May
68c
5
__
Gold
Canada
of
Preferred
1.50
*
—
Olsen
Co
67c
0
Preferred
Starratt
1.36
67C
—
Feb
4c
1.50
•
Standard Chemical com
Standard Radio class A
33c
.;
'
1
i' 2.55 Mar
74c
V
19
—
Jun
21%
42c
1
Co
Southam
Jan
37c
1
Gold
Siscoe
Sladeri Malartic Mines
Apr
1.82 May
15
37
Dec
12%
37
50c
7,000
15
37
40
N0v
14
Dec
'
15
Simpson's Ltd class A.
27% Aug
30 c
27c
__l
Co
—
com*
21% May
21c
31c
___1
—
Norzope
6c
.
95c
.
1
.
__
Silverwood
Jun
4c
—41
Newnorth Gold
t
5c.
1
—
Ltd
__
Preferred
•
New Bidlamaque
.'■i New Calumet Mines
(Quebec)
Jun
Aug
12c
11
Mines
Preferred
70
130c
Nov
5%c Apr
300
24c
Sigma
12
Feb
20c
355
»
—
Dec
16
14c 14 Vac
25c
:
100
19%
3%
__5
Car_
25c
11 %c May
16 V2
■"
Feb
—
Feb
5.35
Jan
2.06
15%
14
Mines
common
ctfs
Class B
26
1
:
Voting trust
Feb
3%c
May
15%
1
.
500
94c
2c
'.:v15
<■
—
Mylamaque Mines
National
:
71%
•
Lac
3,350
47 %c May
'«T 16
.
-25
Brass
Long
National
(
I-*
preferred
Mosher
•
3
19%
15
/:
—
Moore Corp common
4%
19%
A————4'
corhmon.—
Montreal Locomotive
-
10c
,
41,500
2%
r 30c
u
—
100-,;
:
30c
8%c
9%c
Brick
Model
'
_*
Oct
Nov
May
Jun
Jan
60c
"
Jun
54
63 %C
*
Preferred
nov
98
_
85c
Dec
31c
1
*
_
__
■
McLellan
Nov
15c
25
16%
.
..
Rouyn Ltd
Shawkey
McColl-Prontenac
„
•
500
10,000
16%
16 c
Feb
26c
31c
1
common
11c
14 %c 16 %c
lie
Mines
class
Scarfe
Apr
18
12%'
1
1
Ltd-
Jun
;
<■
_
Gold
Marcus
22%
Mines
Nov
5%c Feb
Sannorm
Gardens—
Milling
Leaf
Leaf
Maple
preferred..
Antonio
85c
•/
NOV y.
Feb
9%
105
Oct
8
Feb
Apr
23
Feb
Dec
8
"
Apr
78
76%
78
20
74%
80
80
15
78
Sep
2.25
2.15
Jan
83
Oct
80
Jan
1.06
Mav
Jan
80% Jan
.
"
t
:'
i
i
New
-Rouyn Merger
Nib Yellowknife
Nicholson
Nipissing
Mines
Noranda Mines
Corp
Normetal
1,000
40c
Dec
60c
Dec
7c
7c
7c
500
6c
May
17c
Jan
»
5c
3%c
5c
8,000
3c
Dec
13c
Jan
1.40
1.40
200
49%
900
1
—
■
48c
5
v
i
—
vorbenite Malartic
Nordon
49%
•
Dec
2.10
Aug
54
Jan
Jan
20c
21c'
10,600
20c
Dec
83c
Jan
15C
17c
1,200
12c
Jan
33c
July
1.71
1.61
1.75
15,960
21c
—
Norplek Gold Mines
49%.
1.25
42
15c
Mines
———
Mining
49 c'
—l
—
Mines
1
—
•
9c
9c.
■,
1.32 May
2.05
Jan
Northern
Canada
Northland
Mines
__i
33,300
9c
Dec
44c
Feb
6,500
it
May
16c
Feb
1,400
48c
Dec
85c
Jun
1,500
10c
7c
i"'i'48c
Mines-.;*—
(1940)——
8C
50c
1
•
4%C
4c
'
North Star Oil
O'Brien
Gold
*
common
Mines—
1
•
Ogama-Rockland
Okalta
-
-4
4c
Dec
10c
Jan
37/a
Jun
6
Feb
•-
;
—
<-•;
2.13
■
■
.1.05
.
14c
1
5c
1
14c
Beauty Sup preferred——i__2
131%
Crush
'>range
Orenada Gold
Orlac Red
Osisko
J—
10 %c
4" 2.90
Nov
72c
5,000
46c
Jun
1.77
Apr
1.25
68,900
40c
Jan
10%
9%c
'
5,555
14c
1,000
7%c
8,000<
.14C
42,600
1.80 May
14c
Dec
21c
Jan
5c
Dec
19c
Jan
7r
May
-
River
Sullivan
Cons
Surf
Inlet
9%c
116%
Jan
121
Sep
10%
Dec
23
Feb
•
1,000
9c
Sep'
18 %c
Feb
14c
13c
15c
3,500
10c
Dec
70c
1.08
1.28
110,800
71c
Dec
2.26
Jan
64c
64c
70c
7,200
45c
May
j
Pacific
——.
(Eastern)
Pacific "Petroleum
8c
9c
—
Page Hershey Tubes„i__-_!
;
9c
18,000
5ViC May
2c
32
1.46
'•
,
4%c
23JjOO
2c
Dec
93c
4^" '
1.13
Pamour Porcupine Mines Ltd—..
18
Jun
650
21c
1.98
50c
14c
8,000
1.99
2.04
1,966
61c
61c
17c
1.200
13c
—.——
Ltd
Tamblyn
x
61C
—
Aug
1.05 Nov
1.14
25,200
84c
Jan
32
32%
90
27% July
5,867
1.18 May
15c
Jun
•65c
1.42
1.53 1
'
2.65
Jun
21
1.87
500
60c
;
Mines.:
Gold
2.85. Jan,
Apr
Dec
Gold
—
—'
Toronto
Elevators
——
—r
Dec
2.75
Jan
Dec
1.00
Feb:ri
———
26
175
25%
Dec
28%
Sep-
3.50
2,245
3.20
May
4.50
Nov;, ;.
1.35
1.35
42c
,17%c
72C
:—41
12 %c
0
12%
1.40
Union Gas. Co—
United Corp
Fuel
May
62c
Oct
13c
Dec
65c
Febs-'V
75c
1,685
65c
Dec
12c 12 %c
1,800
30
Jan
12
72c
.
1,40. Feb
Defc4-
254
13%
Nov
11
Oct'?.-
10
100
9%
Oct
12%
Feb
12c
12
12 %
1 10%c-May
100
26% July
65c
1,500
8
8
1,500
48
48
200
53c
'
Dec
16
Feb
(Dec' ^
10^ Pebv..V
9%
775
8% May
I8V2
255
17% May
21
48%
25
42%
25
9%
.33%
Jan.
B
15
15
'
15
preferred—
Ttnited
Oi's
United
Steel
————
14c
12c
"
J-*©
2.20 Nov
a^M_aia—-I
^,30 4
-Febi.J
Apr
5% May
50
Nov
17.
Nov
6%; Jan
17
6%
—^
Upper Canaaa Mines.—
Feb tj
7% U&y
18 Va
-25
.
1.10
48%
.50
Feb'
30c
49
21
Dec
10
Feb
2.85
Nov
Feb
1.21 July
Class
*
35c
58c "
9%
—
class B_.—
class A preferred-
i!<'
Dec
1.35
Jan
8.000.
32,700
12c
1
—
—*—_i_—!———41
City
100
44c
13c 17% c
10
A_——41
*
Transcontinental' Resources
' \
3.35
Toronto Iron Works class A.—
Towagmac Exploration
Traders Finance class
/,
3lc
25%
1
—
—
Mar
-
*
Texas
Canadian Oil—--r—-r
5
Thompson-Lundmark Gold Mines—.*—*
Mines.!—
—:
1
Toburn
,
Nov
27c
May
1.70 May
13c
Feb
15 %■ Aug
—1
common
Gold
Thurbois
For footnotes see page- 42.
25
21c
"
r.
20
22 %c Mar
Mar
"
United
Pacalta Oils
9
1.75
Feb
1.12
5
1.87
Taku River Gold
Twin
i
2.000
11,575
io
-
Gold
1
Mines---—1_.—L_—1*-1
25 V2c July
22
1,125
,
10%
1
.—
Stuart Oil preferred—41
Sturgeon
10c
10c
20/
100
Tombill
_1
-
—1
2.35 July
2,25
131% 131 Vi-
1
_*
Mines—
Mines
5c,
.
10%
;
Lake
Lake
Osulake
.
/: 70©
„
1.24 y
300
>
Mines
2.25
10
10c
*
—
Iron
Coal
Teck-Hughes
-
4%
;.:4%
2.13
•
Oils
O'Leary Malartic
Omega Gold
Omnitrans Exploration —I
Ont
4%
Rock
^t«er>
Sterling
Sylvanite Gold Mines
'
Norseman Mines
Mining
Steeloy
7%
885
2.20
2.30
3.34*0
6
2.00 May
Jun:
(•'«
'THE COMMERCIAL"
Nutober 14661
"Volume 167
&
CANADIAN
FINANCIAL ^CHRONICLE"
LISTED
(81)'
41;
MARKETS
RANGE FOR WEEK ENDING JANUARY 2
Friday
:."ta»tcX
N
.
'■■J, STOCKS—
-
■.
:■1 -:
+vv
■
'
Week'*.
Ventures.
Ltd
low
7.05
7.00
7.05
1,405
_Z
)0c
lJc
1,400
Oils——.
22%
30c
■
„
1
——
—
Y
12
22c
22%
Jan
25%
Dec
50
500
Jun
STOCKS—
—
4,55
4.65
2.285
W)_„_—♦
Walker
(Hiram) «J &
Waterous Ltd com.—.
Wekusko Consol
West
•
26%
26
26%
1,295
—————
Malartic
*
.
Mines
_I
*
——
11 %
12
150
18c
19c
10 %c 10 %c
—
500
28%
7
15
-
Feb
28%
Oct
.Dec
50c
Co
Brown
Jun
Dominion Sugar
Western
Products
—• /
—*
common——J
Grocers
28%
28%
Nov
30%
(Geo)
Vinegars ———.——*
12%
Preferred
24
24
10
23
Nov
38%
26%
27%
40
26%
Sep
31
Mar
101
101
5
Dec
108
Jan
DeHavilland
10c
12c
4,500
Aug
Dishef
-—-—100
:
Wiltsey-Coghlan Mines
1.
——
—
101
20c
Dec
7c
Larder
1
——
-
10c
.
9c
?9c
Dec
10c
1,000
8c
11c
9,300
23
24
11,765
13%
Jan
97 %
10c
97%
55
96
Oct
lfll
Juiy
6c
1,000
20
Aug
6
Dec
:
Y
*'
Winora
100
+
Gold
97%
—1
;
_
23%
*
common
Preferred
.
Combing
5
—
Wright-Hargreaves
24
24
T
100
2.65
2.75
4,920
18c
18c
1,700
24
2.75'
-•
25%
Oct
19
Dec
2.69
Ymir
Mines
1
Girl
Yankee
.—
*
-
York Knitting common
For footnotes see page
7c
—
*
8c
Steel
25% Feb
12%
150
22%
100
21
3%
3%
2.100
23% May
12%
Jan
2% Aug
Sep
4
Dec
19
19
19%
1,780
14% May
21%
56c
49c
57c
7,570
32c
Jan
72c
18
18
19
40
13%
Jan
26
2%
2%
63
31%
31%
25
30 V*
Nov
37
Feb
11%
11%
90
11%
Dec
12%
Dec
27
Nov
———•
—
„
—•
—
—•
23
22
23%
4
820
—*
—
Oil
Foothills
3.35
3.10
3.40
3,425
*—-
—
HumberstiOne Shoe
.—_I—*
Nov
Jun
Mar
2%
May
21;
21
—
14% May
1.90
30
21
Dec
41
58%
23
60
1,385
—
23%
1,345
*
6c
4%c
6c
2,950
1
——-——*
2.70
23
2.30
2.75
6,925
20
23
125
23
———*
30c
30c
30c
100
22c
8c
8c
2,000
*
58%
.
3.40 Dec
Jan
24%
Dec
•
Paper common,—i.
International
Feb
63% NoV
May
15% May
24%
Oct
Jan
Selections
Oil
3.50 Nov
Oreille
Reliance
—
—
Grain
Dec
30c
Jun
7c
Dec
19c
Mar
Southwest
13 Vu
85
Nov
12%
3%
Dec
*
Bridge
17c
5,000
17
16%
—
112%
18% Dec
15% Jan
Dominion Textile new com————*
Pend
Yellorex
Nov
•
——
Minnesota & Ontario'Paper
Wool
Dec
7%
*
;
Aircraft
Donnacona Paper
Winnipeg Electric
98%
Jan
Apr
24
Dec
21c
Dec
7c
10c
6c
1
May
22%
—
2
Paper
Oil
Dalhousie
Dominion
Winchester
Wingait Gold
—•
50
8%
May
67 % May
45
109..
18%
Mar
,
Feb
24
27%
*
com
/ 108
Canada
Consolidated
Weston
—
18%
High
3
1,210
.
18%
—
43
90
6 Vs
—•
Canadian Western Lumber
15
6
&
23% May
30
85
Canada
Canadian Industries common
Westeel
Low
9
315
—
100
,
—
•
Range for Year 1947
High
9
—
1
—
Shares
6
Pulp & Paper com—*
common
Preferred
Mar
23c
7%cDec
British Columbia
Dec
12
Jun
17c
5,500
„
18c
1
——
4)95
4.20 May
23 % May
-Y—:
Sale*
for Week
Low
Par
National
Andian
Waite Amulet
•
;;
Sale Price
18% Mar
.
Last
'
.-
Mar
Week'*
Range:'
of Price*
Friday
'•
J On
55
23
30c
Canadian Fundi
Feb
Dec
D°c
7.00
Exchange-Garb Section
•/
High
Low
High
•
Virginia Dare preferred—,—+—25
Vulcan
Range for Year 1947
Shares
YY_+_—i—-1
Mines
Toronto Stock
for Week.
"
.
of Price*.
Par
Vicour
Sale*
•••
Rang*
Sale Price
Oct
Nov
Temiskaming
17
Petroleum
Mining
1
.—
3
1.75
4
Apr
Dec
3.40
Sep
Mar
Jan
15 % Aug
Jun
Dec
45c
6%c May
12c
Jan
42.
) >..
•
s.
/'V .i.:
*
Y'
;•/
vYfr* t<.
■•},..
i
-.
•m:
V.
(
•
■■
•
•
-
V
.V:
(-'A'
r.;
u.
a.
•
,
i. v.
i
—
"
r
V'.;:
.
.
,
V-
.
Statement of Condition of the 12 Federal
Foreign Exchange Rates
r,.;-
{I*
'
to the
Secretary of the Treasury the buying rate for cable transfers in the different countries of the world.
give below a record for the week just passed:*
/.
i/YC
;
Vv.-.-;-4 A.v-y
r
'
FOREIGlf .EXCHANGE
Y. * /,/ / i
•
-
.
.
...
;
■_
UNDER
TARIFF ACT
OP
193^
Argentina, peso-—
Dec. 29
>> •;>•'»
^:
>' .297733*
——
7
r.,v )
3.212133/^
:
•.
■
f f;:
:
certificates
%\
-•"
Jan.1
Dec. 31
j;
.251247* :
Y
)
fund
Other cash
.251247*/
.251247*/
.
*
*
'
iL
' ' ...>!
/. .054406
,•.•
.022778
for
U.
:+':
New Year
y.
»,
?V// / .054406
255,269
147,047
——.—.
—
'
; v
Dec; 31,
1946
/.
Jj»
$
'
3,217,993
•/■
+
1,365
68
—
9)932
+ •
106,86l(?
—
+
3,111,126
12,621
11,868
+
—135,739
16,033
—
76
—
8
+
purchased
———i—
1,476,550
Notes
Bonds
———- —
—167,260
11,619,475
6,839,605
——
—
Certificates
32,650
—/ 656,407
—
55.200
—
2,670,963'
'
—3,125,508
+
+
1,121,256
+1,926,573
970,370
.054406
Govt, securities-
Total U. S.
22,615,593
+
715,260
and * securities.
22,764, 005
+
579,445
+
9~628
734,09k
—
-
■"r-V'"/.
Due
•'•:•
l:\l1 Official————-
ii
——
jji f- Freei-i——
Total
i
———
•'V
v-
—
1.000000
1.000000
>
.894062
.892203
+
.569800*
,569800*
.020060
.020060
■
.559800*
l"
——
-j,; j:t)enmark,krOne——
—■
-11 rEng!and;poundsterlingiA;_^—^
.) ;lFwnceaMet^opoUtan) franc——
) \: |n<na<Britishr,rppee^__-—-^-——
I i ^Jyiexibo.
pesbi/--————————
i i, Netherlands, '.guilder—
.
020060
,•'>>
r
.208604
:
7
:
.:■'/-
.208604
.208604
4;031250
'•
"'■
•/'/■•""Closed
4.031093
r'
.008403
+301779
Y/, y.r+ Y:.;.:/
;
,887578
v
—i——„—r—i,—i
ji :Colombid,peso,—
} '/Czechoslovakla^koruna—
<
1.000000
.
.008405
•;
' ;
1.000000
/'.>' - :••'
'/vc. .".208804
.008401
/Y
Bank
//Y;
>
/ Y
'
95
•" 138;916
2.866,182
'
premises—1—1——i- l'
—■—;
——
assets
Total
.
■..■•
;
>.205753
! .376S09
.205*753
,
;. I
/New: Year
"•;'• >■■.
v// Y/I
.301767
•
j{
t.
<e
'
•/•
V,
.205753
.376365
.
U.
4
.376554
I VFrfee—————
1.000000
S,
acct.
——
Treasurer—gen.
Foreign
'*'•'
/'^H
.885208
;891458
/
.890833
/ 65,231
295 543
+
2.657,37b
—
Other
New Zealand p(jund—i;--—
3.225000
———
Closed
3 225000.
+ ';
•
3.224833
*.
3.224666
.040119
.048113
.040104
.
,091324
.091324
vfiwetferf,kronai—.—r—
.278264"
.278264
i
I Bwitzerlandi franc,—^———
,233628
SpalnyFeseta--———^
New Year
,
.201595
.040160
——
.201595
;
'
.Union of South Africa, pound-^u___i—
-—
r
—
36,261
+
228,418
+
507,374
82,150
+
2,427,18b
+
228,308
94
+
■+ /.
.
12,898
■
-.46 940.135
V.;
/ .091324
.091324
s
.278264
.278264
Capital AccountsCapital paid in——-—Surplus (Section 7)
Surplus (Section •' 13b)
—
Other capital accounts———--
;
—.
4.007500
.233628
Closed
;;
j
612,143
+ 2
-+292 936
195.501
+
v
4.007500
.233628
4.007500
+ '
peso—.
*
-•
;
-
Controlled—
-
..?■• \
.
.'233628
27,455
•60,878
New Year
Total
Ratio
*Nominalrata;
.
.658300*
—.
8,671
+
liabilities &
cap; accts.
+
+
2,461
+
295 543 /
+
0.4%
+
36,566
..
s
*.■
•
47.663.792
2,657,378
I
'
4.0.97500
//-.
—
Noncontrolled————-———
146
439,823
■
of
serves,
i Uruguay,
i
+
35,658
—119,147
•
*
!
97,373
+
19,780,581
Total liabilities.;
.890625 ;
.201595
j
,
1,842,248
438)671
+
1.000000
.201595
Portugal, escudo—
,
56,240
—
""
Norway, krone—.—
,
/
'
—
—
-542,056
2,248,205
22,285
95,385
+ 604,144
425.859
deposits
availability itemsOther liab., lncl. accrued divs.
1.000000
+
+
17,981,126
831,540
Deferred
1.000000
12,048
•
bank—reserve. acct.
member
.205753
"
.376665
1
---
4;-/Offlciai-;^—
,!
.....
820
+
•' J--','Federal Reserve notes..:—*.&—
24,889,064
Liabilities—
Total
if Newfoundldrid, dollar—
-.if-
+
M
(r-
"
•
266,608
+
''16
—
47.603.792.
——
24,460
—
—327,362
33,226
113,680
.
749,30b
—
■
.008403
+
foreign; banks——
from
F. R. notes of other banks—
Uncollected; items
—
Other assets
/
4.030703*
;301754
!
%
.569800*
.020060
'
:
;
.892812
}
; 4.031093
\ /
.301779
+<
v
r{
1
loans
»
V
...
.
■i j Canada, dollar—
if
—-
S. Govt, securities:
""
.022776
/
»
:>)
..
10,000
+
21,492,419
loans
./ Bills
; -
3.2H801-,•
,
R.
F.
and advances
Discounts
'
.297733* +Y-+--
3.211966
r,
1947
"■r
20,806,170
—
gold ctf. reserves—--
Acceotpnces
/ .297733*
.
Dec. 24,
,
687.249
Total
•
-.022793
^
»
20,
Assets—
Gold
•',.>;/•,,
•*
•
.s
:■1
Industrial
/'/ 3.212133/,
Closed
>
.054408
—
dollars)
'
.;
'
.022803
-
—
of
Increase (+) or
•notes
Dec. 30
',,
.297733* Y
.251247*
...
Australia, pound
f i-Belglan,iranou-.—l
I i
Brazil, cruzelrp
Dec. 27 V
Dec. 26. ;
;v,.-;.;.', ,:.,
/Official—rr
./
,
decrease (—) since
V.V;-
.
•
.
....
Dec.
Buying Rata for Cable Transfers In New York
<,;..
Value In. United States Money ,•
; : w>
Unit
>
.
thousands
Redemption
;
t
1947.
TO TREASURY
BANK
r',-: ' DECEMBER • 26, 1947 TO JANUARY 1, 1948, INCLUSIVE
■: .,•
Noon
:
\
,
RATES CERTIFIED BY FEDERAL-RESERVE
Country fand ,Monetary
;!
i
We
r
;
!
Reserve Banks Combined
Pursuant to the -requirements of Section 522 of the Tariff Act of 1930, the Federal Beserve Bank certifies daily
.658300*
.658300*
.658300*
.562040*
.562040*
.562040*
.562040*
note
gold
certificate reand F. R.
to deposit
liabilities
Contingent
purchased
combined
liability nn
for foreign
respondents
Commitments
^
48.1%
—
'
-
4.6y
bills
cor¬
———
to make indus-
2,489
34
—
4,058
42
(82)
THE
COMMbkCIAL &
FINANCIAL
CHRONICLE
Monday, January 5, 1948
OVER-THE-COUNTER MARKETS
Quotations for Friday, January !£
Reorganization Rails
Mutual
Par
Funds-
1
5,Q3
Affiliated Fund Inc-
4,08
Holding
American
Corp
Business
Par
5.53
—-114
10
4.47
Aeronautical Securities—
Amerex
Ask
Bid
Lopmis Sayles Mutual Fund
*
Loonjis Sayles Second Fund—.£0
Managed Funds—
2814
26 (4
1
Shares
•
3.81
4.17
Shares series A
Beneficial Corp___
8%
Inv
of
Tr
Street
Invest
Co
46.18
3.87
4.27
shares—
3.94
4.34
351
3.87
Equipment sharesa-
4.46
Drug
General
,
19.76
8 28
Steel
8.29
16.53
shares
17.87
shares
1
17.50
Canadian Inv Fund Ltd
1
3.75
5.00
Century Shares Trust
•
1
28.44
30.58
Chemical
Fund**--
Christiana
13.79
-1002,970
Securities com
^Preferred
%
.100
Commonwealth Invest*.,
4.89
;
Dividend. Shares*---,—
6,15
/
Bond
Low
1-61
Preferred
Balanced
V.
Fundamental
Trust
shares
13.70
15.01
5.84
6.71-
Agriculture
45.30 ;
Corp-
*
42.13
1
5.18
New
York, Stocks
'
'
Automobile
5.88
;!
«:
6.90
4:17
:
Aviation shares
5.08
;
Building shares
Equipment
Fully
7.41
7.40
8.03
shares—
7.48
Investing
Low
Price
shares
Merchandise
Mining
shares
Petroleum
Railroad
RR
shares
7.40
shares
Bond
2.39
'
■■■
"Tbbacco. shares—-.i.;
Utility
Incorporated
4,17C53
4.61,'
5.01
i.--.
shares_
—
10c
1.63
1.68
5
Fund
Income Foundation
21.79
,23.56
Investors.
"
Aviation
Bank
V
8.88
83c
1.01
15.09
10
26.41
Stock and
13.65
13.95
,,
Bond Group shares
Investment Co of America
Invest Management Fund
Fund
Inc
State
■>
B-2
(Medium
27.10
.
Bds)__1
Grade
23.36
1
15.97
B-3
(Low
B-4
(Speculative Bonds).—1
<Income pfd Stocks)—I::
K-l
K-2
Priced
Bonds—.
8-1
<Ineome
8-3
(Appreciation
S-4
(Low Priced
Knickerbocker
25.48
17.43
9.03
of
47%
Republic
95
Revere
,
Investment
12%
25c
C——
44.00
Fund
Fidelity & Guaranty Co__2
S
Fire
U
S
Guarantee
29
21.59
1
9.44
9.63
16.69
18.22
1
15.25
1
7.28
;
5.23
World Investment Trust
Recent
Diversified
ArkansasPd#'Aj/LL27/8tt—1977
Series
Trustee Share®-*- -
E
£.50
Amer
Series
Cleveland
6.67
*
2.39
1
Elec^Jll
3.38
£.71
Bid
24
340
355
10
37
39
—.—100
99
104
34 (4
10 .'
25%
88%
39%
91%
"7
36(4
Series 1956
—,—1
94 V2
97
102
Florida. Pow«j:>&./Lt,i3s—-1977
2.70
—
Powem'& Lt 3%s—1977
Pacific Pwr & Light 3%s
Par
Fulton
Grace
Trust
-100
National
150 V
185
100 P. 90
264
C
39
3.50
97%
16%
American Cladmetals
100
50
85
54
56
100
pfd
72
75
preferred
14.80
51
Appalachian Electric
4%%
preferred
Pqwer—•——100
20
47%
49%
15%
53%
55 (4
National Jity Bank
New York Trust
25
84(4
75
Public Nat'l Bank & Trust_17%
37%
17
Sterling
39 %
Title Guarantee & Trust
United States Trust
14
37%
tf295
4%%
97
.*
7%'
(J P) & Co Inc
10o
228
22
24
•
13
14
94 /
94%
Co
12(4
National
41
39
25
75
Gas
Tennessee
4%%
1%
100
84
Birmingham Elec $4.20 pfd—100
•
Connecticut Light & Power— > r'" v
$1.90 preferred
•*
45
$2 preferred—
——•
;47';:/;-':
234
Ask
Co.—
preferred
100
t&'P'
Eastern Transmission—*
Texas
101
Transmsn
£7
Tucker Corp
47'
West
49
:
l
common__50c
Disinfecting
$5 preferred
14
96%
•
.—-a--
.
I, 1950-1948
l%s May 1, 1952-1950
Ask
99.24
78
12
10
11
100
600
630
t
.
l%s Jan.
1,
1953-1951——
2%S Feb.
1,
1955-1953
»
97
Federal Home Loan Banks—
I (4s Apr. 15,
100
'
97.24
98.8
Bid
J
1948
,
,
Bates quoted are
Bills
for discount at purchase •"
Other
100
b0.80
January 8, !948—j.
0.65%
January
1961
121
122(4
15,
1948—
vb0.84
22,
1948_.
29, 1948—
b0.86
0.76%
b0.88
February
0.72%
January
Issues
Panama Canal 3s
■;;
Bid
Ask
Bid
Treasury bills-
100.2
99.28
l%s,Septr 15, 1948
101.20
".
.
t a■
Ask
99.30
98.20
101.8
99
39%
.
Bid
Oct.
5%
87(4
'
Obligations Of Government Agencies
1%S
9%
5
"A"-
United States Treasury
Federal Land Bank Bonds—
8%
25
preferred
Carbon
Speer
.89..
(Indiana)—
Robertshaw-Fltn Controls com_l
95
Bid
1
14.40
72
10
95
Par
48
10:
15%
..100 1,235
1977
Stocks—".
25
100
Kings County Trust
Lawyers Trust—
Morgan
27/8S
Co
Edison
03--
Electric—
Public Service
94%
93
'
v
200
255
Manufacturers Trust Co
10
Toledo
165
100
—100
Guaranty Trust
Irving Trust
Empire Trust
Trust
preferred
3.70Vo preferred
Pitney Bowes 4%%
96
.
101
England Gas & Elec—
Pennsylvania
99
"■
Corn Exchange Bank Ac Trust_20
&
New
98%
93
1977
Philadelphia El Pwr 2%s—1975
Ask
Bid
41
16%
Bank
Ask
.99%
•
95%
..
* 98
1976>
pfd.100
94%
102%
4V2V0
Firestone Hre*&/Rafy 2%s__1972
41%
Commercial National Banx &
Bank
-Bid
.—1.
Kentucky Utilities 4%%
Trust Shares—
1955
Ask
100
15
National
Harbor Plywood
v
102%
■
Central Hanover Bank & Trust 20
Federation
Par
Stocks—
Ask
96,
94
101%
93
101%
—1972
3s,
Cudahy Pacfclng £%e-—-1967
Delaware Pow& Lt>3yaS—_1977
7.65
City Banks & Trust Cos.
Chase National Bank—
Chemical Bank & Trust,
First
Security Issues
Bid
Bondsr—,■■■
Unit Type Trusts—
5.82
Co—10
Fiduciary Trust—.
34
7.98
Inc
North
50
69%
32 %
16.40
Wellington Fund
4.95
,,
65 %<
2.50
8.32
19.75
13.50
Continental Bank & Trust
10
1
Fire
>1'
49%
>49
6.49
Fund—1
4.53
20
10
520,
•
,
47%
19.02
7.61
12.37
—
Westchester
32
:
505
4 V 46 V--
9.86
New York
Trust Co
109
105
100
—
87c
B_1
Investing Corp
Fund
S
U
Travelers
78
■
21.28
5.93
—
Stock
U
25%
;
47.00
78c
1
Preferred
27%
23%
22
76c
20.64
B
•31%.
26
—10
0.82 %
January
February
February
February
26,
March
11.
19,
b0.94
18,
b0.95
b0.95
1948_i_.
b0.90
0.84 %
March
1948—
1948_.
b0.93
0.86%
April 1, 1948
b0.94
:
0.88%'•'
'
0.90%'
b0.95
1948
1948—.
5,
13,
1948-
March 4, "1948
March
Ask
0.90%
.
0.91%
0.88%
25,
1948—
b0.95
0.91%
b0.96
0.92%
Quotations For U. S. Treasury Notes
Figures
after decimal point represent
Int. Rate
Maturity—
Bid
tSept.
15, 1948—
tOct.
1.
1948-
1,
1948— —1%% 100.0331
J Jan.
Ask
—1%% 100.3295
.1%
.3433
99.9830
one
or
more
Maturity—
t%8 Feb.
of
1
t%s Mar. 1, 1948—
t%S Apr. 1, 1948
jlaHMMI
Bid
of
a
point
Dollar Price 100 Plus
Certificates of Indebtedness—
*
Bid
Ask
.9977
f
t%S June 1, 1948
99.9718
.9839
.0527
*%s July
99.9567
;
w-r :
v
,
b
(not Included In year's range).
OW lot sale
Included In year's range)
.9713
Dollar Price 100 Plus
Indebtedness—
1, 1948
32ds
Maturity—
1,
t%s July 1,
Certificates
fi,
it
43%
29%
73
Fire
If
-r,7
->41%
5
Steamboiler lnspect_10
25
r
10
Accident
Standard
.23
10
Sprgfld Fire & Marine
7%
71
49%
47
10
"j
21%
68
10
Haven
15
1.
5%
29
7.05
17.39
Series
43%
6%
Surety.
New
18
10
Hartford
11.85
-
41%
5
Ohio Public Service 2%s
Brooklyn Trust
4%
Fire com—15
preferred
3%
33(4
12%
5
American
Hartford
V-.
68c
Corp_»
Industry Shares
Series
2nd
Great
3.'4^7
27.42
';:S
31.(4
;27
19%
Security
Republic
.
52
3
•
SL Paul Fire & Marine—12%
& Rutgers
j
81
2
Fire
Seaboard
Globe
100
;-
78
10
10
( N Y)
(Texas)
(Paul)
18
6.44
10c
Stks)_l
Manhattan
Reinsurance Corp
151
-
49
10
18%
Globe &
;
;i.».
72
96
,
5
Accident
Preferred
Providence-Washington
25'/4
15.85
'7(4
51
16
Georgia
of the
31%
,71
23%
Fire
•
69
10
-17%
10.95
1
Stk)—1
Bankers Trust
J25
5
Falls
.'x
12
24%
16 Vo
.10 >
Co
10
49.40
2%'
Independence Trust Shares
Bank of New York—
Fire
Indemnity
92
.
Kentucky Utilities 3s_—m—1977
Bank
Pacific
Pacific
10
Marine
J
'7 45:
22%
*
12^0
Gibraltar Fire
25.50
•
Shares
15.11
-
!
Northern
General Reinsurance Corp
Hanover
new
28.75
Par
18
Franklin
&
j
•
7.74
Fire
,
>'2L/-y.r
' •
10%
*
2.50
j—5.
9.22
14.74
Union Common Stock
18.67
19
42
5
River
44%
•7
.10
Newark
26%
2
11.43
20
22.42
Fund
Firemen's
5
13.84
com
com
6.21
1
26.35
1
5.6,7
Fund
Union Bond Fund series A
Whitehall
North
52
-
146
1
33
28 %
10
Northeastern
44%
/
31
10
New York Fire
5
:
7.06
20.55
Stocks)
com
-
17!i
(Appreciation pfd Stks)_l
(Quality common Stks)_l
S-2
/
28.32
Casualty
Fire
8.41
Investors
Street
Brunswick—
30
6B is^
^r"48:;;--
—10
i
»i
26 %
5
y
5
10.43
Utilities
Trusteed
2
y
73%
29%
:
20
Phil a
of
Assn
Fireman's Fd of San Fran
Trading
Amer
Wail Street
'
Fire
6.08
1
Union
Keystone Custodian Funds—
f
B-l
(Investment
Bonds)—!
Fidelity & Deposit of Md.,
12.30
L7^~3!6,_
Selected
Group
5.55
Russ&ll Berg Fund Inc_:
Scudder, Stevens & Clark
28.71
Inc—1
—
shares
Group shares
17.32
11.22 V
Repu^Hc Invest Fund
Standard
8.10
75c
x91c
13.78
Group shares
Group
Insurance
&
(Geo)
Sovereign
Institutional Securities Ltd—
10
—
Petroleum
Amsterdam
New
19%
28
•
10
Federal
•
Putnam
5.53
,
Employers Reinsurance
8.98
Glens
4.75
5.12
5.09
—
Employees
10.35
equipment
Tobacco
2.61
4.37
4.71-
—
1
shares
11.88
J
•
6
24 %
42
i
^
..■■!Q
Thoenix
"
Steel
8.59
,
.10
9.44
;
.
7New Hampshire
67.-;
-
';
28 %
5
Caspalty^(betroitX-ilO
——
.5%
17%
;;n3'0%>yj.
1
26(4
•"
4
National 'Liberty.*^——i
National Union Fire
•
70
64
.
Y
National Fire
'
10 .>50
Casualty
Crum & Forster Inc
8.71
i
-
;
28%
5
5
Assur
Mfrs Fire N
&
National
10.62
15.80
Railroad
5.36
7.92
Equipment shares
Steel
5.12
—_
Railroad stock shares
.
;>
-
——
shares
General
8.19
Railroad
54%.
• v
—10 :'t 16-v
Life
10
70%
10.84
—
I
-
/;2o%(<4,
•
■
——
Utility
F
98%.
35V2
.
-
t'i30%
4%
67
5
York
of New
Continental
11.82
7.95
9.69
Pacific Coast Invest Fund
8.03
52 *;•'
10
—~[r-r
Public
7.03
———
Connecticut
Oils
4.Merch
:
'.v V.K
•;
.•
.
11.75
.
8.08
———6.48
-
10.72
'
-.30%
27%'
Fire
..Merchant
12
-17%>..vl9%
25
,
'
•'^
r..Camden Fire,
City
Metals
9.70
7.45
*
;
lo
25
:-16%
28%
2%
Boston
V
11.73
11.16
10.79
95%
vl9%-.-
•
/'Massachusetts Bonding
12%
!£%
:
15%
10
Shippers
13.45
Merchandising
8.11
9.24
Institutional bond shares.-—
&
12.27
stock——^.«
Machinery—
8.09
—
shares
bond
Industrial Machinery
10.12
10.52
Insurance
5.77
shares—
Administered
General
11.27
5.31
shares
Food
Bankers
Diversified prefeired stock
Diversified Industry—
Electrical equipment—!
7.01
10.40.
-
—
Baltimore American
Diversified Investment Fund
9.19
6.46
shares
9.23
10.70
j.—
C
J
preferred
New
7.92
—
15
Convertible
x
10 %
10
American Surety.;
Automobile
10.41
Corporate bond series
5.52
8.48
:
Chemical
Electrical
7.23
,'32(4
i' ,
37:
,
7.30
9.50
-
•
Maryland Casualty common.;.:; ;lc • 12%
'/!3-%
Prior preferred—
:
iflO •: <44 " •' "••'Aft'
" 19
1.1%
American Re-Insurance
American Reserve
11.41
6.66
17%
Equitable——
_5
American Fidelity & Casualty_5
American of Newark—
2%
15.89
10.41
10
20
Jersey Insurance of N Y
Ask
24%,.;'!
23
161V2
34%::
.
American Caausdfty.
j
Inc—
—
BId
5
-'t Insur Co of North America.
45%
58%-
American
•
4.25
14.82
.....
Home
•'
■
3.70''
Building supply
6.78
30(4
68 ;
£6
Par
Ask
V
V'85
-
"43(4
American Alitaftna-.L.
3.82
stock
Chemical.
7.91
.
—6,25
shares
;
-
Agricultural shares —7.29
Ask
■>"/
28(4
Companies
^7%^"30-
10
',25
American Automobfle
Bid
82
—lp
~
t
Bank
Group Securities—
^
(
Aviation-
5.55
Bid
•
5% preferred——100
8.03
6.19
1
,
Automobile
General Investors Trust
Capital
Series——
New England Fund
2
A—2
Investors Inc
General
Life—,
3.50
5.8O
>;■
Insuriridb2i^_!^
Agricultural
4.93
5.29
—————
5.21
-j
4.46
Stock
5
First Mutual Trust Fund-
j
7.03
3!4
Selected Group Series-.—
Low Priced Com Stock Series-
30%
Aetna
7.28
•7,27
—
Industrial
28'4
.
Fundamental
Series
Series
16.05
2.06
Aetna
.
Aetna CaBilai asuSarety— ^_l^10;;
|
6.40
Series-*—
25.44
;
■
6.63
Bond
25.31
1.88
•'
;»
Par/-
i
10.19
9.41
15.01
23.67
:
14.20
13.23
,—1
Speculative Series
Stock Series
1
Fidelity Fund Inc—
•
Financial Industrial Fund lac lc
First Boston Corp—
,-10 ;
-
j
-
Stock
86(4
-
,
Common.
;
23.53
1
Fund—
Stock Fund—.—
12.48
15.02
series..
Priced
Income
v.!
Eaton & Howard^-
11.54
Investors Corp——.1
National Security Series—
,;
14.99-16.20
>250- 1.47-
--.v.
shares
64(4
-'V'
Chicago Rock Island & Pacific—
Insurance
27.48
25.42
13.74
Securities—
Balanced
2019
f? Stocks—
>
101
;
8.01
1
__
National
142
;-w-—5.66
Fund^——>—1
Delaware
14.92
3,070
136
99
i
7.31
1
—1994
|
Ine——itO
Mutual Invest Fund
y.;\
1
5.20
4.44
Mass Investors Trust—,
Mass Investors 2d Fund—
Nation-Wide
4.81
i
.***,
income- 4%8—
Ask-.
v.
4.71
4.16
4.72
.
Bid
--v.:
4.83
4.36
—
Manhattan Bond Fund Inc—
Common
_10c
19.17
Conv
4.57
—
Bullock Fund Ltd„-.-._-
1st 4S
4.38
„
shares
Bonds—
Chicago Rock IriaBd.dc Pacific—
3-77
Paper shares
Petroleum
21.36
10c
Industries
Home Furnishings shares
Non-Ferrous Metals
4V4
issued)
4.92
shares
Equipment
shares
Electrical
1
98.61
Inc—5
Bowling Green Fund Inc
Broad
5%
3%
5
Boston Fund Inc
:6
16.45
92.64
1
—•
America
8.13
47/a
1
•.
914
7.52
15.13
2
Blair & Co—w——Bond
45.26
and if
as
96.80
Business
,
(When,
Ask
94.96
Automobile
Associated Standard Oilstocks
Axe-Houghton Fund Inc_—
1
Axe-Hpughton Fund B
—-6
Bid
t%S July
Ask
Us Oct.
100.0020
.0080
.0105
100.0021
.0165
1948 Series G
1948 Series H_„
Us Oct
100.0013
1.
1948 Series F
1, 1948 Seris J
%, 1948 Series K
tl%s Jan. 1, 1949—
99.9571
.9716
99.9574
w
included
In
i When issued,
year's
x
,
e
Ex-Interest,
Ex-dividend,
y
bBid yield price,
d Deferred delivery sales (not
f Flat price.- k Removed to Stock Exchange,
t Exrstock
range).
dividend.
(Un) Unlisted
issue,
w
r Cash- sales
d When
delivered,
\
Ex-rights.
.9720
99.9833
—
(not
.9980
99.9840
100.0246
.0443
.9986
•No
dividend.
par
value,
tin
default.
tThese
bonds
are
subject; to all Federal taxes.
fEx-llquldatlng
*"i
Volume
167
Number 4661
THE
COMMERCIAL
&
•
FINANCIAL
CHRONICLE
(83)
Week Ended Dec. 27
THE COURSE OF BANK CLEARINGS
Bank
;
clearings this week
will
Preliminary figures compiled by
cities
of
show
compared
Third Federal Reserve
with
a
year
ago.
telegraphic advices from the chief
upon
ings will be 14 0% .above those of the corresponding week last
year.
inary total stands at. $14,913,712,875 against $13,077,678,281
the
1947.
At this center there is
for
gain for the week ended Friday of 34.6%.
a
parative summary for the week lollows:
/■:
'
week
Our
$5,857,942,080
560,601,303
550,410,042
+
Philadelphia
814,000,000
650,000,000
373,207,323
205,240,010
+
230,000,000
+ 13.3
:
i
San Francisco
+ 34.6
2,232,580
+ 31.5
1,530,430
1,724,878
4,393,008
3,809,633
+ 15.3
2,791,500
2,412,502
2,075,079
2,631,409
—21.1
1,592,724
4,073,915
(11
3,283,125
+ 24.1
1,588,381
8,516,569
6,556,320
+ 29.9
4,120,997
7,470,623
6,503,405
+ 14.9
5,626,213
871,646,200
cities).
780,919,350
+ 11.6
622,876,700
6,057,886
5,076,200
+ 19.3
146,926,846
+ 12.6
107,487,792
3,617,999
115,171,368
262,871,991
+ 18.9
205,695,876
228,140,946
14,817,800
22,924,100
5.1
16,028,800
3,306,637
+ 11.8
3,011,530
4,565,490
+ 21.9
3,544,326
3,909,176
253,410,941
+ 17.2
216,607,547
198,087,604
813,030,906
697,975,005
+16.5
556,099,197
566,097,832
;
3,697,209
5,563,782
Pennsylvania—Pittsburgh
198,392,784
+ 28.6
221,894,709
+
138,512,802
Total
+>
24i.9
(7
cities)
$11,198,368,206
2,759.477,036
1,984,693,420
$13,957,845,242
$10,712,694,170
955,867,633
2,364,934,111
West
+ 39.0
2,367,777
;
$14,913,712,875
$13,077,678,281,
+ 21.9
6,424,000
6,654,000
+ 11.6
79,461,020
81,230,154
of
1,390,927
1,308,628 .:
2,787,352
2,365,614
+ 17.8
1,847,759
2,065,996
165,827,260
+ 14.9
135,142,678
138,777,713
67,357,946
53,508,910
+ 25.9
48,576,211
37,524,008
384,962,861
332,158,371
272,842,595
267,560,499
Columbia—Washington.
+ 14.0
Complete and iexact details for the week covered by the foregoing will appear
issue of next week. ,We cannot furnish them today, inasmuch as the week
(6
Sixth
cities)
+15.9,
':«•
Federal Reserve District—Atlanta—
iV
our
Saturday figures
In the
we
elaborate
able
are
ended
to
statement, however, which
For
that
—
the
bank
there
week in* 1946.
same
it
was
an.
increase
Outside
of
a
We
group
that in the New York District
(including this city)
and in the Philadelphia Reserve District
the
totals
show
an
by 11.6%.
Louisiana—New
Total
to its
Michigan—Ann
are
larger by 14.2%
The Chicago Reserve Dis¬
South
Terre
In the
Kansas
City Reserve District
SUMMARY
OF
BANK
1946
Federal Reserve Districts
Idt Philadelphia
4th
11
525,669,454
460,228,810
6.955,860,385
"
Richmond
7,216,590,636
"
Inc.
1945
or
Dec. %
$
'i
$
+ 14.2
413,874,094
6,245,908,970
6,469,779,073
636,580,597
871,646,200
780,919,350
+ 11.6
622,876,700
697,975,005
+ 16.5
556,099,197
(17
384,962,861
332,158,371
+15.9
272,842,595
+ 15.2
382,920,315
361,930,158
9.8
597,132,241
Total
283,398,853
286,798,127
Ninth Federal
+ 17.8
203,075,521
193,290,468
386,417,569
+ 13.3
262,209,192
254,749,886
...' 214,353,178
+ 23.8
147,173,201
137,072,6544,
*'
v.
10
"
437,863,659
8
M
.265,415,464
10
"
1
691,069,36$!
570,401,139
13,854,968,658
12,658,985,881
5,652,374,171
+ 21.2
494,009,136
9.4
10,481,520,015
10,691,711,907.
+26.3
4,410,536,216
detailed
statement showing the figures for each
for four years:
;
.
Clearings at—
487,638,103 "
.
city for the
Reserve
+
0.7
1,074,831
+
7.0
3,106,566
3,966,208
390,333,168
+ 14.3
356,853,007
332,883,458
1,466,611
+ 21.5
1,076,682
1,068,936
...X 749,546
+ 42.6
588,687
325,000
1,748,951
—20.4
1,306,717
+ 16.9
4,471,143
4,501,241
4,594,559
+ 10.2
3,721,638
3,418,449
19,755,848
+ 23.7
15,564,289
14,955,803
8,255,443
+ 25.0
6,668,510
21,420,000
4.5
18,555,100
10,316,288
22,377,500
+
•> ;•
:'4'
1,215,970
525,669,454
-
512,591,850
'
1,671,003
7,281,282
+ 30.6
5,665,343
6,095,819
3,699,965
+ 33.3
2,665,393
2,041,468
+ 11.9
1,756,984
1,565,467
9.8
597,132,241
638,850,691
+ 25.5
168,000,000
168,800,000
74,472,906
+
'
212,700,000
+ 21.2
66,906,834
+
6.4
47,496,484
1,609,036
+ 26.4
995,535
396,770,712
+20.4
1,113,102
+
9.2
;
'
*
; 5,835,842
•
886,924
460,228,810
+ 14.2
V
21,681,600
820,779
413,874,094
>v;
5,106,706
+i, 1.2
5,181,507
3,826,691
+ 15.6
139,838,722
46,755,308
135,963,430
+ 27.6
5,748,989
4,549,842
+ 26.4
3,332,428
3,191,795
2,752,091,
2,493,185
2,500,972
+ 10.4
+ 31.7
1,477,174
1,696,216
4,794,166
1,242,004
1,005,630
4,427,208
....
:
3,293,288
Helena
6,811,528
(7
cities)
319,361,756
Federal Reserve
District—Kansas
V
7,365,923
271,122,707
—
7.5
+17.8
203,075,521 A
43,633,710
392,361
193.290,468
359,940
+
9.0
188,730
v
113,181
434,580
,365,581
+ 18.9
271,071
240,118
4,894,525
92,051,238
+ 36.5
3,340,181
+ 17.5
+ 12.5
58,327,350
3,686,363
6,842,757
182,273,312
3,315,157
57,309,224
176,219,400
■
Omaha
108,132,077
7,693,668
—18.8
0.6
5,093,474
5,391,886
1,507,182
.1,671,217
1,329,949
+ 13.3
+ 43.8
1,063,713
1,122,241
798,452
1,162,145
386,417,569
+13.3
262,209,192
254,749,886
4,707,580
177,154,000
7.2
+ 25.6
3,015,704
121,359,000
12,609,310
2,641,797
109,684,000
3,030,000
1,918,606
3,819,000
+ 21.7
5.1
5,240,581
7,397,836
+23.8
147,173,201
137,072,654
81,770,413
292,434,637
—
St.
Joseph
Colorado—Colorado Springs
Pueblo
+ 49.0
11,047,501
260,041,942
10,002,274
437,863,659
City
5,162,474
8,973,759
-
Missouri—Kansas
v;
9,942,996
;
.
1,
(10 cities)
>■
City—
6,681,182
+
Lincoln
Total
286,798,127
62,802,161
Dakota—Fargo
Dakota—Aberdeen
Tenth
283,398,853
186,303,918
—
2,831,376
7,565,325
965,767
Eleventh Federal Reserve District—Dallas—
Texas—Austin
5,045,049
Dallas
222,444,000
Fort Worth
22,616,123
'7,676,946
Wichita
18,657,423
4,104,000
2,427,172
7,303,003
265,415,464
...
Galveston
214,353,178
4,680,000/
Foils.
2,953,346
+
+ 21.2
+ 14.0
+
12,286,895
1,243,126
391,363,819
(6 cities)
York—
'
17,078,220
•; 7,180,266
2,293,315
2,087,496
78,630,978
68.222,402
+ 15.3
53,749,634
1,529,990
Bingham ton
<
42,617,283
907,938
5,168,366
South
Total
r
1,349,500
+ 13.4
781,652
+ 137.9
20,257,434
9.9
1,516,283
9,194,524
Twelfth Federal
Reserve District—San Francisco
'
;
Umlra
Jamestown
1,882,961
7,006,611,710
18,475,136
Syracuse
1,263,928
6,714,604,755
York
Rochester
16,121,885
+
1,386,543
55,879,000
1,066,482
+ 49.0
930,588
930,474
4.2
6,070,983,799
6,297,890,233
+ 14.6
12,917,273
12,748,911
—
Washington—Seattle
Yakima
Jersey—Montclair
Utah—Salt
•;
Lake
+ 38.8
6,371,633
6,093,386
7,093,025
6,240,317-
Stockton
Northern New Jersey.
461,611
402,096
35,217,512
+
20.9
29,595,250
31,370,904
52,985,674
60,357,412
6,955,860,385
7,216,590,636
—12.2
41,250,788
46,576,203
3.6
6,245,908,970
-6,469,779,073
Total
—
(10 cities)
Grand Total (112 cities)
Outside
—
New
,!
51,315,149
'7,962,534
+ 15.9
+
8.2
'78,766,354
2,403,543
86,057,650
+ 51.7
59,846,246
43,077,348
+ 19.1
31,322,408
—
6,867,308
+ 15.9
5,495,562
+ 15.4
4,850,365
323,643,336
+ 15.3
7,033,873
2,463,524
63,429,406
27,923,493
York
♦Estimated.
—
„
7,347,848
4,335,469
7,652,659
+ 16.7
296,552,683
5,777,063
3,834,270
Santa Barbara
+ 47.0
7.4
3,359,836
2,410,080
+ 59.1
2,601,972
2,102,834
6,765,827
+
7.4
4,854,629
5,394,464
691,069,362
570,401,139
+21.2
494,009,136
487,638,103
13,854,968,658
12,658,985,881
9.4
10,481,520,015
7,140,363,903
5,652,374,171
+ 26.3
4,410,536,216
10,691,711,907
4,393,821,674
8,934,021
8,105,940
+
85,071,533
,7,269,779
Jose
9,459,994
612,591
98,586,406
3,085,696
»
6,340,186
373,228,000
Francisco
13,904,367
42,568,068
Newark
City
Pasadena
San
/
'130,513,321
California—Long Beach
San
657,953
:
Oregon—Portland
11,248,968
Connecticut—Stamford
cities »
1,610,914
80,149,448
Louisiana—Shreveport
cities)
York—Albany.
(12
526,812 >\
469,091,609
1,289,732
5,637,658
i'.
•
539,809
**'
98,903,471
Paul
1,020,584
?'
665,123
24,432,703
Island—Providence^
(12
6.5
+ 28.2
215,438,046
Minneapolis
St.
North
Wichita
1,534,929
1,392,001
Hampshire—Manchester.
Total
l.:•'
6,591,405
.
New
1
5,060,964
—_
Haven
Buffalo
Dec. %
1944
1,781,567
Bedford
I
$
♦
3,618,995
s
Total
9.3
+
>,
5,851,033
District—Minneapolis—
Nebraska—Fremont
1945
or
446,015,889
...
Connecticut—Hartford
New
w
Inc.
1,545,025
Spflngfield
New
+
2,846,946
1,695,006
15,654,825
i
~'
3,871,206
Lowell
Rhode
2,148,763
2,033,780
Kansas—Topeka
—_
Worcester
790,641
618,756,579
■
9,387,883
35,231,053 A
,
18,125,855
6,421,166
83,558,205
;
Montana—Billings
Reser
River
New
1946
J-
$
Maine—Bangor
Fall
4.9
+ 21.0
88,908,339
Hastings
1947
Massachusetts—Boston
35,318,937"
4,393,821,674
+
Week Ended Dec. 27
Portland
8.9
119,861,256
(4 cities)
Total
Federal
+
3.6
791,465,525
*
;;
7,140,363,903
.112
Outside New York City.
First
4,614,491
9,274,638
+
2,620,340
Minnesota—Duluth
ended Dec. 27
29,200,000
4,178,619
+ 17.2
477,803,375
+ 20.4
week
28,404,000
638,850,69^1
271,122,707
our
3,848,342
8.0
267,560,499
396,770,712
add
6Q.7
+
267,000,000
Tennessee—Memphis
Illinois—Quincy
477,803,375
now
+
+
—18.9
2,956,757
9,804,371 "•
869,338,880
cities)
319,361,756
We
39,710,000
1,013,704
Missouri—St. Louis
Kentucky—Louisville
566,097,832
"
7
:
4,316,799
.
23,629,425
Eighth Federal Reserve District—St. Louis—
391,363,819
3.6
—
813,030,906
*
+
567,065
5,112,356
4,074,468
3,030,092
*
1944
+
Francisco.
2,174,730
2,933,295
791,465,525
—
5,157,784
+ 26.5
9,510,610
r) 540,582,879
San
749,355
+ 30.4
4,932,173
622,723,178
Total
,333,802 x
361,930,158
—34.4
3,101*381
_
869,338,880
12th
4,499,674!
382,920,315
1,871,679
676,374,040
';/>
*—
48,758,237
77,039,325
3,743,005
11,862,§40
opringiield
"
4
City
44,533,181
,
78,211,478
,
7,326,164
.
•45,357,102
*.
17;;.*
10th Kansas
1,228,094
3,030,886
Chicago
10
llth Dallas
+ 15.2
49,376/764
Illinois—Bloomington
Atlanta
Louis
540,582,879
4.9
24,480,306
Chicago
Minneapolis
+
^i2,3a8j>34
i
7th
9th
104,441,812
6,179,869
10,575,601
Rapids'
Sth
Ith St.
+ 13.2
6,938,461
Rockford
8
1
297,024
3,756,781
189,301
42,867,000
5,009,399
necntur
7
—
Cleveland
5th
$
12 cities
Wayne
Sioux City
Total
12
+18.8
CLEARINGS
1947
York
4,766,958
.
Des Moines
Peoria
New
52,686,584
9,555,308
4,734,985
Haute
+
In the following we furnish a summary bv Federal Reserve Districts:
'Week Ended Dec. 27
:
Bend
Iowa—Cedar
th'd totals register an expansion of 13.3%, in the Dallas Reserve District of
23.8%
2d
54,923,390
-
,
District—Chicago-
Arbor
WisctfhSin—Mtlwaukefe
;?
and in the San Francisco Reserve District of 21.2%.
.
2,314,401
7.0
622,723,178
Rapids
Lansing
Indiana—Fort
gain of 9.8%, the St. Louis Reserve District of 20.4% mid
Minneapolis Reserve District of 17.8%.
1st Boston
8.2
+
+ 11.9
109,585,554
Orleans
cities)
+
the
+
76,252,621
73,530,154
336,219
Seventh Federal Reserve
In the Cleveland Reserve Dis¬
trict
a
(10
Grand
are
2,492,849
2,621,303
12,600,684
the
16.5%, in the Richmond Reserve District
and in the Atlanta Reserve District of 15 2%.
credit
total
137,200,000
2,197,132
5,663,279
Indianapolis
improvement of
of 15.9%
has
the
2,314,401
140,400,000
0.3
X
31,851,103
+ 25.4
+
82,309,103
;
Mississippi—Vicksburg
gain of 9.4%,
loss of 4.2%.
smaller by 3.6%, .but in the Boston Reserve District the totals
trict
*2,500,000
+ 11.3
11,624,946
36,616,302
81,616,150
Alabama—Birmingham
9.4%, the aggregate of
this city there was a
of
clearings at this center having recorded
appears
3,576,505
Florida—Jacksonville
cities according to the Federal P.eserve Districts in which they are located and from
this
52,402,486
207,100,000
3,586,774
Mobile
week
+ 20.0
58,346,584
Macon
the week
15,900,918
259,700,000
Augusta
clearings for the whole country having amounted to $13,854,968,658 against $12,658,985,881 in the
19,079,515
:
Georgia—Atlanta
present further below
we
'
Nashville
has to be estimated.
cases
give final and complete results for the week previous
27.
Dec.
detailed
Tennessee—Knoxville
not available at time of going to press.
are
Accordingly, in the above, the last day of the week in all
New
+ 15.9
8,341,000
100,073,334
190,598,043
Maryland—Baltimore
—-59.6
Total
ends Saturday and the
New
2,042,253
10,164,000
111,687,743
Virginia—Norfolk
South Carolina—Charleston
■"Estimated.
-
2,352,939
Reserve District—Richmond—
Virginia—Huntington
District
in
+
:•
+■28,3^^
$8,728,000,750
/
Richmond
.
>
+.37". 7'
cities, Jive days
Total all cities Jor week
21,816,900
3,723,326
296,886,991
Mansfield
—14.9.
Other cities, live days
All cities, one day—
5,839,900
636,580,597
165,420,931
Columbus
277,117,944
.
'
District—Cleveland-
Youngstown
190.791,125
Total all cities, Jive days.
1,521,390
2,120,355
-
312,480,007
Fifth Federal
Ten
1,765,297
619,000,000
Cleveland
16.9'
302,401.000
Cleveland—
Baltimore
1,649,304
602,000,000
Cincinnati
X"
251,144.937
Pittsburgh-
723,812
+ 29.8
Ohio—Canton
2.9
237,434,000
,
973,899
562,531
+ 11.3
Delaware—Wilmington
+ 22.2
230,958,193
260,700,000
Kansas City_
498,564
839,962
+ 66.2
2,936,328
Fourth Federal Reserve
+ 25.2
456.218,074
Bt. Louis
574,658
+ 29.4
699,416
1947
$7,884,402,630
Chicago
Boston
—10.9
931,175
2,208,983
New Jersey—Trenton—
1948
1,063,304
751,000,000
Wilkes-Barre
Total
Week Ended Jan. 3
I
2,866,578
Clearings—Returns by Telegraph
New York
1944
%
836,000,000
Scranton
:
r
1945
j
947,495
York
*
or
Dec. %
1,20.4,435
Philadelphia
Reading
in
com-
Altoona
_
Lancaster
Our prelim¬
same
Inc.
District—Philadelphia
Chester
country, indicate that for the week ended Saturday, .Jan. 3, clearings
for all cities of the United States from which it is
possible to obtain weekly clear¬
$
1,162,170
Bethlehem
the
1946
$
Pennsylvania
based
.us,
increase
an
1947
43
+
287,243,000
5,627,652®
.
1
44
THE COMMERCIAL
(84)
Dividends
weekly reporting member
Federal Reserve System in leading cities
following principal changes for the week
24: An increase of $204,000,000 in loans, de¬
first
the
the
shows
ended Dec.
which
$287,000,000 in holdings of United States Gov¬
obligations, $283,000,000 in demand deposits
adjusted, and $397,000,000 in demand deposits credited
to domestic banks, and an increase of $142,000,000 in
borrowings.
/ //v
/ /J'//
••' '
1/ '• •'/
Commercial, industrial, and agricultural loans in¬
creased $47,000,000 in New York City, $25,000,000 in the
Boston District, and $100,000,000 at all reporting member
banks, and decreased $14,000,000 in the Dallas District.
Loans to brokers and dealers for purchasing' or carrying
States
United
and
Government
securities
increased
(In
r
'V'///:■• /
;; > ' :;
dollars)/
millions of
$76,-
Penn
65.305
5%
C'.ass
industrial,
dealers
tor
S.
Other
securities
76
to
Other
3,446
loans
bills
Treasury
certificates
XJ.
of
68.
26
30.033
domestic
banks
preferred
(s-a)
Constable
British
Liabiiities-
S.
preferred
to
Connecticut
-
deposit
and
U.
S.
Govt,
1,711
533
+
1st
&
+
27
142
+
2
and
Union
Terminals
Cooper-Bessemer
Deerfieid
1st
Corp.,
Packing
Co.,
6%
334 %
IT. 1
Realty Co.. Ltd.
mortgage 4s, series A,
debentures,
'
May,
Stern
McCord
&
.
*
Pitt
6%
Process
Bag
General
T re
Brotliers.
$2.40
Quarfrl"
Pittsburgh
1st
Coke
3'/2s,
mortgage
Standard
Warren
Chemical
&
due
Milling Co.,
Petroleum
Co.—
6%
general
Butte
Electric
California
6%
&
preferred
Canada
Great
5%
Lakes
general
4V\r/r
Indiana
1st
&
Randall
Telluride
Co..
+
Jan
j.
15
debentures,
Date
ser. A,
due 2024_July
*■
.
Hyde
ft.
1st
s.
s.
f.
mtge.
&
5%
§2563
Kennedy's,
5s,
..Page
1
Jan
15
§2554
due
1951—Any time
11
Co.,
•Announcement
Breweries
1st and
ref.
Inc.,
ip this issue.
Lane
1-15
1-
7
25c
1-31
1-17
50c
1-31
1-17
75c
1-10
12-31
Feb.
2
&
due
1356.—Feb
2
series A.
due
19G3_—Feb
1
(G.)
class
6s,
165.
due
A
15
1-
1-31
12-31
20c
5c
J2004
stock.Feb
1957—Feb
1;Vol.
164.
§Vol.
2
17
166.
*
§2565
Co.
1-
1-23
$1
1-15
t3c
1-
1-15
6
Warehouse
12-29
Chlorine
1-
3
$3.75
12-15
iiq-og
19-1 5
$2
12-27
12-17
Wiscons
$2
12-31
19-26
Wo'd,
1-30
1-20
$1 25
1-
2
2
held.
Midwest
Extra
1-
5
1-
2
12-22
12-30
19-23
1-
2
2-
2
1-
1-31
12-29
1-25
1-15
25c
2-
2
20c
5-
1-
l-*2
25c
f
12-29
12-29
i
"
2-
"
•
1__
'
,
1-15
j,
!
12-31
25c
—
(s-a).j.—
1-10
1-16
1-
2
56'Ac
2-
2
1-
1-15
1-
2
1-1.0
\12-31
1-10
12-31
$1.25
1-10
1-
5
9c
1-15
l'Ac
1-10
12-20
1-10
12-20
80c
.
2-14
1-28
Piping & Supply Co., Inc.
;
*
Corp
12-29
2-
2
30c
1-
2
$2
1-
2
(quar.)
;A/
4'A%
pfd.
sr.i2'/2
(quar.i
$1.75
1-
9
12-23
12-29
1-15
v
2-
1
-
12-31
Z:
1-15
20c
12-22
12-17
$1.50
12-22
12-17
dividendfi
announced
In
nrevloua
oaid. The list does not include divi¬
this week, these being given in the
Per
■
s»tare
•
Co.
Holder a
of Pee.
1-19
12-29
50c
1-10
1-20
of
Mfg.
Air Filter,
preferred
7
12-19
1-26
12-30
1-20
12-22
12'^c
12'Ac
1-20
12-22
75c
1-20-48
12-18
;
/
Ltd.—
J25c
(extra)75c
Co.
common
1-10
1-
25c
//
—^___
Canada,
(nuar.)
12-18
2V
(quar.)
common
(quar.)
3-
1
1-31
2- 4
1-14
25c
1-
5
12-20
,.,$1.75
(quar.)____
American Alliance Insurance
lr
5
12-20
(N.
Y.Mquar.)
(quar.)___^_L :
Roof
Corp.
25c
■
American
Book
American
(increased
Co.
Distilling
American
Fe't
Ameriean
Co.
FiHplitrv
(quar.)
Co., common
Co.
J2-19
1-15
12-31
1-15
12-31
$1
2-
(quar.)__
2
1-19
50c
1-28
-1-17
$1
l_
(year-end)
Casualt"
Ame-iean
f/
quar.)
1-15
/ 25c
$1
Asphalt
Extra.™—!
-
When
Pavahie
12 M>c
common; (reduced)
.
Corp..
1-15
1-
5
1-10
12-31
J5C
1-15
12-15
1-15
12-31
5c
1-27
12-26
15c
1-15
12-31
27'Ac
(qUarj
15c
-$1.12'A
—.-ny
4'A%
preferred (quar.)
General
American
American
Iron
Common
$1.50
Corp.
Machine
&
preferred
(quar.)__
Machine
American
1-26
preferred
&
1-15
12-31
Maize
15c
1-15
1-
5
Common
40c*
1-15
1-
5
Common
Foundry Co.—
Ltd.
Products
Molasses
——
97'Ac
Co.,
*
(annual).
Co.
—
com.
common
—
*——-
1-15
12-31
$1
1-15
12-31
25c
(quar.)
Mail Line
American
—
Works—
l_!
American
2-26
(special)
(auar.)
American
*
—
(quar.)..
12-20
933ic
_____
Corp. (quar.)
Co., Inc. (quar.)
preferred
3.90%
•>'•
for each two shares
5
6c
12-31
...
(s-a)
1-
12-31
American Fork & Hoe Co.
75c
37'Ac
:
(quar.)
3c
25c
_____
(reduced!
A
American
9.
(Dela.)—
■
Inc
$7
12-18
1-22
Foods
American
f
$1.50
(quar.);
..
V:
"c"
12-22
Inc.—
the
Comvany
Stores
4%
12-31
1-15
.
55c
12-31
$15
common...
,
Aluminum Goods
12-31
1-15
'
1-10
(accum.)
not yet
Reduction
Aluminum
1.-10
31'Ac
V
5
9
1-10
James, Ltd.—
Eflve
we
Mfg.
Class
.
1-20
1._
5
1-
2-
Fund
All)pd
1-20
2
1-20'
60c
—V '
1-
1-15
(irreg.)______
\
Co.,
announced
Airl'nes
12-19
20c
1-15
P.
Air
19119
12-29
.
m
*
fquar.)__
Ainswoith
12-19
30c
(quar.).':
Soice Co
preferred
Affil'ated
19-16
$2.50
...
12-20
W. Products. Inc. (resumed) t~.
a^^-o^ortf-aph-Multigraph Corp.
(quar.)___
12-26
27'Ac
(quar.)
1-10
12-29
Corp.—
A
■■{■ A
12-96
2
35c
3
12-25
12-29
|
2
(year-end >__
(quar.)__
preferred
Vim? nf
1-15
1-
_i_L—,
2
2-
35c
(quar.i
8
8c
$1.75
12-26
2-
$1.50
preceding table.
12-22
2-
(quar.).
12-31
$1.75
8
2-14
fquar.)
"—
v
1-
$1.25
—
12-15
$2 50
l
Gas & Electric,
n
1st
dend*
1-15
1-31
.
2
(irreg.)
preferred
Alexander &
wpeks and
12-"6
15c
933Ac
...
1-
12-24
40c
LE,
1-15
$1.75
t$i
(Minn.)
Candle
preferred
Below
(quar.).
2
$1.50
(quar.)
6%
Baumer
Wcn'son
6'it
:2-
1-8
1-15
6ftc
•
(Subject to SEC approval)
1
7%
1-26
_
(stock dividend)—
common
8%
12-24
2-
....
'
&
'
50c
—
Will
12-17
;
Products
preferred
Electric.
Wico
12-17
1-10
j,
(quar.)
pfd.
Corp.
Class A___
Wesfaco
12-22
12-27
56'Ac
(quar.i.
Terminal
Corp.,
2
12-23
;j;: :
&
V/e'sbach
2-
1-13
22'Ac
pfd.
Bondholders Com.
8
12-15
12-15
SI
of C'U'forn'a..
2-16
ii+c
West' Coro.
($10 par)
V r+ovia
1-
;
3
$6.25
A
Oil Co..
12-22
10c
1-
12-15
,
Warehousing Corp.—
Fxira
Union
2
(irreg.)
(quar.)
.Treders Building Associafon, Ltd,
6
12'Ac
Pfd.
Light Co., 7%
Co.
1-
______
common
(quar.)
*: 1-
100%
&
Insurance
Thl"
12-31
.
4'A %
Dreferred
$8
12-31
1-15
Power
Texas
2
$1.75
Co., 7%
Fower
2
1-
'Trust, Inc.—
Process,
Co.,
1-
$1.25
.___
(accum.i
Terminal Refrigeration &
Semi-annual
9
$1.50
::
...
Class A
Telluride
12-15
25c
$1.25
common..........
(quar.).
(quar.)
Fuel
2
share
a
(quar.*_____
Franklin
preferred
Standard
12-31
1-15
50c
A
1st preferred
7%
8
share of Central Illinois Public Service
One
•
1-
1
10c
Fund,
$5
12-23
2-
Corp.,
preferred
preferred
Southern
12-26
12-31
100'A
(quar.)
M'ddle
.
12-31
(initial)
)./40lh of
1-
,
aporoval of Public Uflitiss
Southeastern Investment
12-13
lie
Co.
Merritt-Chapman & Scott
Co.—
12-30
(quar.)___
pfd.
conv.
dividend)
Rayon
prior
5%
12-22
J2c
'
(ouar.)
pfd.
5"r
1-20
12-31'
6%
Co.,
(stock
stock with
of
1-15
$1
/
Dept., State of Washington
12-31
2
Gas
Skenar.doa
1-10*
1-30
2-
(quar.)
Common
1-10*
12-31
2c
.
Funds
4%
Seattle
2
40c
(New Orleans)
Stores.
2
12-22
1-20
15c
(quar.)
(quar.)
preferred (quar )
B
1-
A
(quar.)
common
Fine Foods, Inc., common (quar.>____
convert'ble preferred (quar.i
S & W
12-24
1-20
35c
Brewing Co.
Bond
2
Corp.,
Royal Typewriter Co., common
7% preferred (quar.)__L__
12-12
t25c
——^
McFadden
§2420
Anytime
^.Jan
Class
12-23
12-31
:
Rothmoor
12-12
:
(quar.)—
preferred
Inc., 4'/is%
1-
1-15
i
'
B
Manhattan
*
Power
5
12-31
& Co.
Extra
12-22
: 1-
$4
Telephone & Telegraph Co.
(guar.)
Class
§2419
&
1-
(quar.)
Rolland Paper Co., Ltd. (quar.i
Inspection—
Assn.
Common
§2419
series A,
stock——.
2-16
(extra i_,
common
Rickel (H. W.i
$1
pfd.
prefwed
Custodian
B-3
Brva"t,
Lincoln
§2556
JVol.
7
$1.75
:
common
J. Lafayette Fire Ins
§2416
mtge.
1-
(year-end)
common
copvctfblc
Krueger
*
15
15
Heat
1st
Series S-4 ——;
112142
Feb
preferred
Light.
1-15
-
'
Kevstone
Series
§2410
7ft'- pfd. stock.—Jan
income bonds
Jan
4%
bonds, due 1949
cumulative participating
40c
.
(s-a)j.
Class
prior
Electric
1-15
(extra.)
Extra
§2554
bonds
bonds,
2
83)c
1
Non-voting
;,
22'Ac
series A preferred (s-a)
series B preferred (s-a)
Kalamazoo Stove & Furnace (quar.)
5%
f. bonds,
1-
'
__
———
5%
15
1927.
Ltd.,
mtge.
2
1-15
:
•
(quar.)
(quar.)—
Mfg.'Co.;
Leece-Neville
of
2
2-
17%c
3-
$1.50
5'Ar/c
„
Co.—
Corp..
Park
James
§2422
Jan
bonds-.
mtge,
2-
2-15
12-26"*
12-31
10c
(year-end)
—
bonds———.
1st
2-15
f 15c
(quar.)
Telephone & Telegraph, com.
$1.25
'
money
$2
/.*•.
1
Jan
CALLED
.
.
1- 2
115c
—
Products
74* nre'e-ved
Corp.—
ref.
Power
31
_/__Fcb
1955
Home
Co., Ltd.—
(closed)
Gas
2
0
Co..
Realty Corp.,
York
Purchase
•*
v
ISSUE
12-22
12-22
25c
.U_,
Holly Sue«r Corp.
Holyok" W^ter Power Co.
*
series
Power
mortgage
Service
lien
Lefcouvt
New
1st
30
1
Co.,
stock,
*
15
leasehold
Power
Power
1
26
leasehold
Surf
Steel
*
Power
Northern
Commonwealth
Herrules
.
Jan
-
mortgage
Oregon
§2417
..
Building -1 Water-Wisconsin Co.)
mortgage
9
;
ENTIRE
1st
Jan
12-22
12-22
1-10
—
5%
12-22
12-22
12-29
$1.50
dividend)——
Co..
Co.,
12-29
,-12-29
5c
40c
Powder
1956-:
1964
Company and Issue—
6%
Hercules
:..i
$4
A—
3n-eferred (quar.)—
Her.dey Machine, $2 Cl^s A
*
(s-a)
,i
12-29
$4
obligat.on
12-23
$1.50
;
(interim)—.
Co.__
Light
§2308
1958—.Feb
due
„
due
Gas
$4
S3
...
Extra
12-29'
12-22
12-20
—
Mfg. Corp. (resumed)
Company, common (quar.).
1
debentures, clue 1961
Feb.
3%"% conv. preferred stock—Jan
Appalachian Power Co., 6%
Bankers
Hayes
Hecht
1-15
12-29
RR.—
1-
;l.
1
3VacA
Corp.,
*
§2555
Potomac
1-
$1.50
(quar.)
preferred (quar.)—
Electrfc
3c
$3
&
(s-ai
12-29
'
Ins.
(irreg.)
2
1-21
1
12-29
50c
M'lls
(Pa.)
Insurance
2-
2
1-
1-21
S3
Ltd.
Boiler
Steam
25c
Fredericksburg
1-
vx
,•,,1-12/
/2-x 1
$4
$1.50
—
common
5%
.j.T-12
•
(extra)____
common
convertible
50c
(extrai.
11c
Co.
12 V2c
''i'■
•
preferred
20c
(stock
Rubber
12%c
(quar.)....
9
12-20
2-2
preferred
v
i
(year-end)
Griggs Cooper & Co..
*
..—.Jan
debentures, due
conv.
&
(quar.)
1-
12-31"
$0.5056
_:
2
2-2
guaranteed
(year-end)^
(quar.)__
Cotton
A.Apr
1951—-
5%
4'/2% debentures,
Co., 10-year
&
$1.25
>___'_
1-15
2-13/
1
1.
2-
+62 V2 C
(quar.
i
-
3-
guaranteed
1
A
Fulton
: 3
t25c
6'it
(quar.)A:
;
(year-end)
non-cum. preferred
$1.06'A
2
7%
(interim)^
(Albert)-Guenther Law, Inc.—
Class
12-31
12-31/
•■*•12-
41'Ac
1-10
5Cc
(quar.)
(stock dividend)
Petroleums,
12-31
1-15 >
50c
12-20
—
Co.
'1-10
1-15
$1.50
(quar.)
Brewing Co.—
Kleiser
Star
1-20
1-15
...
Extra
9
1-
—
Ltd.
1-
1-20
2-
pfd.
Corp.
1-23
1-30
.,50c
1
(qu-ir.)..'.
preferred
A__^
Co., $2 preferred A
Island
1-10
1-25
50c
$1.50
1-15
—
Petroleums,
B
Dividend
"12-26
12-31
preferred
(quar.)„—
5r/c
(quar.)...'
Common
1-10
preference
Class
A.)
Richmond
12-17
2
B
(C.
Rhode
:
12-24
$2.50
(increased
common
Top Brewing, Class A
C ass
8
1-15
1-
$3
Co. (irreg.)
(irreg.)—
Brewing Corp.
Frar;klin
/
due
2-
$1.75
(irreg.)
1962__Feb
due
15-yr notes,
preferred stock
Co.,
Corp..
1962_Mar
stock-!
Lynn Ga3 & Electric Co., 23a%
Oak Mfg.
Inc.
shares
Haverhi'l
ser.
1-
1
12-27
13c
'
Services Finance,
Frank
'
+•
preference
—
70c
$1.12'/2
Telephone Co
Machinery
Four
Page
Jan 22
due
2-
l__
——:
Products
preferred
Halle
5'/2s,
1-15
Co..
Class
1-24
75c
(quar.)
Hartford
mtge.
Red
12-15
1
(quar.)
L'ght—
Mills, Ltd., 5%
Federated
REDEMPTION
prior
S3
Corp..
&
Harrisburg Hotel
1st
2
50c
(quar.)_A
(quar.)
Co.
State
Bearer
TENDER
RR.—
12-
9c
pfd.
Elgin Sweeper Co. (quar.)
Equity Trust Shares in America—
corporate bonds, notes,
refunding mortgage 4'As, series D,
Cleveland
Eaton
Indiana
1-16
12-22
2
$1.25
Co.,
Steel Car,
Randall
12-20
2
50c
(quar,)„
Egrv Register Co. (year-end)
Esmond
Gas Co.. 1st mtge. 3'/aS, due 1970__Feb
1
Buildings Co., 1st mtge. bds., due 1960_Jan. 15
Western
6%
:
Dictograph
119
Borough
Chicago
1-
10c
Knowles,
(W. E.)
Faverh'11
Brooklyn
Bush Terminal
1-26
Ralston
j
9
2
(G. E.)
Redeemable
1-16
12-23
J$l
*
6%
Telephone Co., common
preferred (quar.)
Diamond
:
1958___—___r
PARTIAL
2
1-
1-31
$1.25
(quar.
A
Reed
(initial)——^
Extra
1,126
Date
due
2-
1-24
1-
15c
4%7>
pretccred; (quar.)..!....;.'......^.
^(Furity Fiour Mils, Ltd., common (s-a»
9
12-30
$1.12'/2
Cribben & Sexton Co
Theatres, Ire.—•
bonds,
50c
■
1-
12-22
31
and Issue—
12-31
1-20
12-31
ing tenders, and the page number gives the location in
■which the details were given in the "Chronicle."
mortgage
12-31
6
$3
and common stocks called for redemption,
those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
Company
$2
30c
1-
12-17
1-
•
J\£fgi Co. (quarjc........./
.Public Service Co. of Colorado, com. (quar.)
12-23
preferred
preferred
including
Poli-New England
2
2
1
2
2-14
1-
SI
A+-—
preferred
*.Prentice
12-22
Foster
OF
2.
1-
12-31
Fort
NOTICE
$1
S5
1-
35c
...
Semi-annual
>
12-22
&
(s-a)
Fortiar.d Gas Light
*'
£ 1- 5"\'
$3
Food
of
M-19:
12-31
Extra
list
6
3rd preferred (s-a)
Redemption Galls and Sinking Fund
a
1-
2
$3
Falstaff
be found
+ 2-
5%
23.684
Below will
5
50c
Registered shares (irreg.)
accounts,
1-
.
,
(quar.I
-i
Co.
9
1-15'
2
SI.50
Phdadelphia & Reading Coal & Iron Co
Phillips-Jones Corp., 5% preferred (quar.)__
Pittsburgh, Cincinnati, Chicago & St. Louis RR.
6-25
3
-1-30
2nd preferred (s-a)__
6%
except
week
7-
$2.25
—
Products Refining, 7% pfd.
Craddock-Terry Shoe, common
Federal
1st
Power,
Dividend Shares,
+
V
-
-
.
—
Corn
Detroit-Michigan Sto;te
accounts
12-26
Traffic
1-
2c
Industries, 4% preferred iquar.)
Mfg., 6% preferred (quar.)______
Penn
1-
1-29.
30c
1
3
6-25
12-26
12-26
2
lOc
;
River
(irreg.
12-26
2
1-15
$1.12'/2
1-
••
1-
1-
50c
(irreg.i_
Coast Aggregates—
Paulsboro
3
6-20
50c
Co.
Pathe
1-
9-20
12-16
50c
...ZIZ".
(initial)
12-27
(quar.)_
Commodity Corp.
!
12-26
7- 3
1
12-29
12'/2c
(quar.)
12-27
75c
1
3-20
12-29
preferred
1
2
2
710-
$3
1
12-23
surrendered
& Co., 5%
Ltd. (extra
E)e\ator
s
4-
interest
0/2 c{r
convert ole preferred
(quar.)..:
Fan-American Investment Fund,/lie.
' ''
com.
share
beneficial
3
(year-end>__
Rayon Co., Class B
298
Interbank
Corporation
each
Uiquidat'ngi
of
$1.50
(quar.
Electric,
Co.
(quar.I
1-
lr
15c
pfd.
Yeast
Works
71-
.
r
6%
397
12-18
20c
75c
J.
preferred (quar.)
Power
+
9-20
12-23
20c
Park City Consolidated Mines (Utahi (initial)
Parke
Davis
Co. ,(reduced) iL___-_._i_c. _i..
$1
Clearfield & Mahoning Ry. (s-a)
■
Colonial Ice, $6 preferred B (quar.)—_
Columb:a
Mills, Inc
i
deposits:
demand
during
Hudson Gas &
Ot
12-27
Ltd.—
$3
Delaware
—
2
,f
Co.
Dean
Borrowings
Debits
Power,
72
1,357
1-
U—Electric
Franklin Process
28
9,793
———15c
quar.)
+
—
1
1-16
Fac.f c
L—
(increased
+
27
6-20
10-
•
Orangeburg Mfg. Co.
12-27
(quar.)^
Brothers
81
82
3-20
1
7-1
87'/2c
87'/2C
certificate
one
for
12-31
—
preferred
146
+
4-
87 V20
_____
1-27
Also
1-22
2
•
Electric Co.,
a
6%
+
2-16
56'Ac
4'A%
659
623
87i'ac
...
8c
Northwestern
12-22
1-
Bros.
Columb
2
1-15
Corp. (year-end)
(resumed)
+
deposits-
demand
1-
15c
Loan
Central
i
Government
Corp.—
...
Engineering
Obermjn
75c
155'
14,461
XJ.
12-31
20c
Cne.'di,
J20c
Crompton
4-
12-31
1-15
20c
1-10
(extra)
Special
669
283
1-20
1-15
prior preferred.
12-20
$1.25
—
Cuban
—
2-23
$1
25c
pr'or preferred
12-20
$2.25
437
48.877
:A->''
(quar.)
prior preferred
1-15
(quar.)—
com.
,
Industrial
California
5
'
1-10
2
'
pr'or preferred...
Northern
—
L
250
_—
with
2-
—
($2
preferred
12-30
684
—
stock
held
Finance
preferred
12-30
$1.25
(s-a)„
+
12,702
12-26
75c
-
815
Banks—T__.
(quar.)
—'
2,387
Reserve
1-2
preferred* (quar.)
Delaware
Federal
12-20
3,113
+
12-31
).298875""
iquar.)(
dividend)
Edison Light Co.
preferred
25c
po., common (s-a)
Bobbs-Merriil.
695
—
117
,
1-21
2
and Class B—10c
common
on
3'
4,217
:.
Cash in vault
Interbank
'
*7(T
2,771
:
;
with
Balances
+
1.299 *
Indebtedness
notes
Other securities
Reserve
6
3,263*
—:
.
bonds
S.
+
2
1'
& Hedges, Inc.
Beverly Gas & Electric (irreg.L
974
+
16
1
Treasury
Treasury
17
193
3,429
banks
12-22
2-
(quar.)
1
Benson
4
—
1-20
c
8Cc
1-2
$1.50
—
(quar.)__
Beneficial
373
—
490
loans
Loans
1
404
-
securities
estate
share
12-22
12-31
'
American
12-22
2
80c
nf Rt>c
15c
Atlantic City Electric, 4% preferred (quar.)
Badger Paint & Hardware Stores, Inc. (quar.)
Bell Telephone Co. of Pennsylvania^
1„
11
+
pfd.
common
...
7%
Holders
Payable
$1.50
.
533
—
12
634
purchasing or carrying:
U. S. Government obligations
Other
North
2V2c
(Kansas)
preferred
4'A 7c
407
When
Appalachian Electric Power Co.—
! v
41/2 c/c
preferred (quar.)__
i—$1.12%
pur-
obligations
each
1-
1-20
$1
80c
(quar.)„—
convertible
Arnold
3,292
+
for
par)
7%
$3
(quar.)
pfd. (quar.)
preferred
Anglo-Huronian, Ltd.
Other loans for
Real
B
Chicago
Government
5%
$4.50
4,073
100
+
(stock
>.
(Pittsburgh)
$4.50
•
U.
Co.
Semi-annual
agricultural
and
Xioans to brokers and
chasing or carrying:
6%
Extra
'783
+
pfd.
Yarn & Processing,
Amoskeag
4%
+
conv.
Pressure Cooker
additional share of
Special
Holder«
2
62'/2c
(quar.)
common
(quar.)
New Bedford Gas &
1-
62 "2
Co.,
Container, 43A%
One
are:
(quar.)„
(quar.)—
Ins.
Central
14,719
,
Can
Extra
'.'• -4%
1946.:
80
+
Gas
&
Fire
Bloomin^dale
204
—
23,722
—
Commercial
week
:
Aggregates,
American
Bunte
and ' Investments—total
Loans—total
preferred
Telephone Co.
preferred (quar.)
.
Loans
Fitch, $6
American
Dec. 24.
1947
1947 /,'
'
■
Power
preferred
5c
Amc-rican
(-*-1 Since
Dec. 17,
Oil
American
'
Dec. 24,
this
Extra
Inc. (+) or
Dec
//.;/+'//////
>V•"•//' •'./ /-• ■/;.>-/•>/
Aucts— '//
v/'/r. I:'
r
.
&
e
Allemannia
•
•
50c
...
States
When
Share. Payable ofJletu
,1
(quar.)
National
week when
Share
Paper Mfg., 6%
Albers Super Markets, Inc.,
-
;•
.
announced
Increased quarterly
.
:
f
•;
Co.
National
7%
A'bermarie
Borrowings increased $113,000,000 in New:York City,
$22,000,000 in the Cleveland District, and $142,000,000 at
all reporting member banks.
:/:////.;
A summary of the assets and liabilities of reporting
■
5%
in
Radio
80c
All
member banks follows:
Company
j: I'.'o, preferred
Air-Way Electric Appliance Corp.-f-
to domestic banks decreased in all districts.
/
Department" in the
of Company
Abercromb
$68,000,000, $26,000,000 and
$76,000,000, respectively.
vl
Demand deposits adjusted decreased $68,000,000 in the
Cleveland District, $58,000,000 in the San Francisco Dis¬
trict, and $43,000,000 in the Atlanta District. Time de¬
posits increased $27,000,000. United States Government
deposits increased $82,000,000.' Demand deposits credited
•
News
dividends
Name
and Treasury notes decreased
"
table
previously announced, but
Per
-$18,000,000 in the Kansas City District; the decrease at
all reporting member banks was $117,000,000. Holdings
of Treasury bills, Treasury certificates of indebtedness,
'
Investment
The
Holdings of United States Government bonds decreased
principal decreases being ,^4.000,000
in the Boston District, $22,000,000 in New York City, and
/
show the dividends
we
second
a
declared.
in all districts, the
'
follow with
we
.
000.900.
v-
Then
week.
Extra
Mountain
which have not yet been paid. Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
ernment
■
are grouped in two separate tables.
In the
bring together all the dividends announced the
we
current
of
creases
Per
Name of
Monumental
The condition statement of
of
Monday, January 5, 1948;
DIVIDENDS
Condition Statement of Member Banks
banks
FINANCIAL. CHRONICLE
&
1-15
10c
1-
5
12-22
10c
4-
5
3-22
10c
7-
2
6-22
1- 2
Volume 167
Number 4661
-
THE
When
Per
t
Name of company
;
American News Co.
American
1
Potash
25c
&
Chemical
Corp.
Rolling Mill Co.
Coipmoh (stock dividend)
-
$3
Telephone
American
American
Woolen
preferred
Anchor Post
<
Aro
'
Co..
—
4%%
;
preferred
Atchison Topeka
5%
i
(resumed)
4%
Central
2
1-
8
$$1.12%
1-
Atlas
1
Steels,
Austin
B
.
•3-
•
1
1-31
4Mj%
12-19
1-23
1-13
( '
Chain
One
share
of
./
(quar.)
(quar,)
:
•.
..
Extra
Baldwin
l
6%
;
:
r
:
^
;
&
Mortgage
$3
•
*
preferred
1-2
1- 5
12-15
4%
preferred
1-26
1-15
7%
Oil
Co.
v
(quar.)
::•»;»» '>, >
40c
&
Baystate
$6
cl.
A
2- 3
35c
V', l-30>
10c
~
preferred
J
(s-ai—" yv
„
Extra
$1
'
2-
"
,
Mfg.
(quar.)
Co.
(quar.)__^_—-1
(
15c
.;l-8
12-29
Bohack
Bliss
Company_:_i^__
(E.
Borg
W.)
(H.
-i-wlf-
(George
Co.,
W.)
7%
1st
pfd.
Corp.
50c
(quar.)
(quar.)
_■
20c.
60c
Roller
Bearing___„,___——50c
Bowes Co., Ltd., class A
(quar.)tllV^c
Brant lord Cordage Co.,
Ltd., com. (quar.)__"
.
t
-12-29 ;'
12-31
$1-15 '
1 "2-
12-31
$1.90
1-12
2
1-12
$2.50
(accum.)_
1-
1-16
1-9
preferred
.
r
3-
9
Consolidated
1-31
Ltd., $2.50
Columbia
Forest
5%
/
prior
British
»
Columbia
British
,
6%
preference
Power
class
2'/2%
A,<quar.)_
Columbia Telephone Co.—>
2nd
i.
/Buckeye
t
6%
v
"
90c
Bunte
Company
Brothers
Burns
&
Co.,
2-' 2
.
$1.50
(resumed)
(quar.)
>
Ltd., class A
30c
___-
(quar.)_^
Class
Class
2-
$25c
(quar.)
1
1-
1-24
A:
(quar.)'
<
$5.25
$4.70
-
.
,
preferred (initial
preferred
(quar.)
$6
1
.
,•••-.*;$'/ preferred
6%
ord
called
1-15
12-31
$1.50
1-15
12-31
$1.75
1-15
12-31
!
-
y
7%
.
Northern Power Co.,
(quar.)-.____—
preferred lquar.),__
Canada Southern Ry.
Canadian
.
Bronze
Co.,
:
5• -preferred;;(quar.)
Canadian -Converters Cq.,
>
Canadian-Fairbanks-Morse
nr..
6%
1-31
12-31
$50c
Tl-
> 2.'
—$$1.25
Ltd. Cl. A (quar.). ,$18a/4C
preferred
-Industries, com. (increased quar.)
(quar.l___________________;
Canadian Pacific Railway—
, ;
:
4% non-cum. pref. (final)
f
9
_
1-
5
>1-31
1-15
'
2%
2-
$10c
• v
2
2-
$$1.75
1
1-15
,
.
>
121
.
*
5
5%
&
De
12-31
&
A
Inc.
Coke
12-18
C^roIi^.ipi^chfield & Ohio ,Ry. (quar.)
Calrolin^,Po)ver Jit.! Light,^ common
Divco
4-15
3-18
7-15
6-17
1-19
1-
.
$1.25
1-20
1-9
Dome
50c
2- 2
1-10
Domlnguez
Ca%erasi 'LtdviMclaA^ Ai-ordtnary '(final)
• .-22%%
Class B ordinary. .(final) —22% %
Carrier,' Corp., 4% preferred>:ifluar.)____
; *>
50c
.
.
1-
7
1-
7
1-15
Dixon
12-11
12-11 >
12-31
1-
6
11-29
$1.25
2-2
1-15
12-17
1-15
12-17
1-
6
12-
5
12-
5
1-15
12-31
40c
1-
9
12-26
3-
1
2-20
5c
1-15
$1
12-31
1-15
12-31
1-
12-15
5
25c
1-14
1-
7
20c
,
1-14
1-
7
3-19
3-31
3-19
$1.75
1-15
1-
5
1-26
1-
5
1-15
1-
6
12-24
9/lOc
12-30
30c
1-10
12-31
50c
1-16
12-30*
30c
1-15
$2
1-
3-31
2
3-15
50c
4-
1
3-18
4-
1
3-18
$1.75
(quar.)
■7-
1
6-18
9-30
9-17
$1.25
4-
(initial)
1-15
1-5
$1.12%
com.
3-17
15c
(quar.)
1
1-15
1-
5
25c
1-20
1-
12-20
25c
1-15
32-31
2c
1-15
12-27
25c
1-
5
1-15
1-
5
10c
(special).—;
1-15
93%c
—
(quar.)
1-29
1-15
$4
IOC
1-
9
12-31
1-31
1-
3
1-26
1-10
50c
(quar.)
1-26
1-10
5c
1-
5
$5
12-15
_
____—.
Mfg.
(s-a)
Mfg.
Mines,
Corp.
1st
1-
3-
1
2-14
75c
1-
5
12-16
1-15
12-22
1-26
1-12
$2
$4
1-
5
1-15-48
Ltd
2
(monthly)___
Dominion; Dairies,
non-cum.
pfd.
1
1-
5
(accum.)_«
1-12
25c
1-30
1-16
$1.25
(quar.)__
(year-end)
1-15
12-31
1-
6
12-20
37%c
37%c
1-
A
6
12-20
30c
1-25
12-29
25c
2-
2
(quar.)
2-2
Electric
Boat
Co.,
12-31
12-26
30c
2-
1
$1.12'%
2-
1
(quar.)_
$2
Radio
&
Credit
Corp.,
4%
4%
preferred
&
Mfg.
Insurance Co.
Inc.,
share
Life
1-15
10c
1-10
1-15
12-31
1-15
12-
5
12-23
1-15
12-31
Screw
Co.,
common
Works
(initial).—__
4-
1
2-
r"
5-
1
4-15
8-
1
7-15
Bissell,
Ltd.,
of
40c
1-
5
12-22
1- 9
12-29
$1.75
Insurance
>
Foundation
Co.
Frankenmuth
Cos.,
Froedtert
&
Brewing Co.
(quar.)
General
1-15
1-
4-
1
7-
(quar.)
(quar.)
6-15
12-31
1-22
12-31
2%c
common
Brewing
>
1-
1-24
12%c
(quar.)
1-31
1-30
12-30
1-30
1-16
$37c
1-31
12-29
$44c
1-15
12-31
12-29
12-31
1-15
55c
1-31
1-15
1-10
12-15
1-15
12-
1-14
12-23
Co.—.t
25c
preferred
conv.
6
$1
(year-end)
(year-end)
5%
3-15
1
1-10
$50c
Malting,
(quar.)
12 %c
1
1-15
2-
1
1-
American Transportation Corp.—
series
A
preferred (initial quar.)_
Co., common
Corp., common
$1.06 %
Baking
15c
2-2
Cable
25c
2-
General
Electric
General
Foods
General
Mills,
Motors
Co."
Corp.
(quar.),
$3.50
40c
pfd.
(quar.)
(quar.)
Corp.—
(quar.)
preferred
Outdoor
A
Public
2
1-
1-
5
2-2-48
1-
5
3-12
$1,50
2-16
$75c
—
1-15
9*
2-18
2-
2
12-31
$75c
(s-a)
1-15
12-31
$$2.50
;
1-15
12-31
Service—
$6
preferred (quar.)
$5.50 preferred (quar.)
$4 preferred (quar.)
General
2-
2-2-48
25c
(year-end)
preferred
General
1-10
933/«c
common
(year-end)
B
2
12-19
2
$1.25
6%
preferred (quar.)
General Products Mfg. Ltd.—
Class
1-
2-
37%c
(quar.)
Advertising,
Class
5
1-16
2
1-26
87%c
Inc.
preferred
$3.75
$1.50
2- 2
12-31
$1.37%
2-
2
12-31
$1
2-
2
12-31
Shareholdings Corp.—
$6 preferred
Cash
(opt. dividend series)
44/1000 of a share of
or
stock
Genesee
at
holder's
Brewing
A
Class
B
common
option
$1.50
(quar.)_^__^
(quar.)
Gerrard
\
—_—
3-
1
2-17
15c
4-
1
3-15
7-
1
6-15
15c
4-
1
3-15
15c
A
(quar.)
(quar.)
Class B
(quar.)
15c
class
Class
7-
1
<S. A.)
Co, preferred (s-a25c
Gerity-Michigan Corp. (quar.)
20c
Gillette Safety Razor, common
(qu&r.)
62%c
Extra
preferred
Gladding
Golden
(quar.)
common
McBean
&
Gorham
Co
Stores
$7
com.
1-
2
1-10
1-26
1-10
1-15
1-
7
1-15
12-22
1-
12-20
5
$4
1-15
2- 2
1-15
$1
1-25
1-15
1-
2
12%c
(N.
Y.)
pfd A
(quar.)
(Increased)
Tanning
Co.
of North
America
\
2-16
1-30
30c
(quar.)_
1-15
56J/4C
Griess-Pfleger
1-15
12-19
$$1.75
1-15
.,>12-31
2-
50c
12-31
1
1-15
(Montreal)
$$1.50
j.
Extra
Realty Co. of
7%' preferred
Mobile
&
preferred
12-3*j
1-15
V 12-31
Canada—
(accum.)
Ohio
1-15
'Si $$3
Quarterly
Guardian
12-22
2
40c
(quar.)
Guarantee
Co.
5
1-26
40c
(quar.)
Insurance
Power
1-
2-
'10c
Manufacturing Co. (year-end)
Hosiery Co. (quar.)
Knight Co
preferred
12-22
25c
(quar.)
.___
&
Grayson-Robinson
1-23
$1.12%
Co., Ltd., common
Foods, Inc. (quar.)
Gotham
12-31
50c
(quar.)
State
Gordon
5-26
1-15
50c
(quar.)
Brothers, Inc.,
$4.50
6-15
5-30
$1.25
;
preferred
Gimbel
$5
1
2-
General
$2.25
5
1
30c
10c
Co.
Co.,
5
1-
1-15
$35c
,
Special
Fuller Mfg.
1-
1-20
37 %c
:
Canada
Schmidt
1-15
1-31
37%c
Co
$2.20
preferred
(quar.)
Fruit of the Loom,
Inc.-, common
Fuhrmann
12-31
$1
Ltd.
Grain &
12-31
75c
(quar.)
Auto
of
1-10
1-15
1-15
$25c
(initial)"
pfd.
America
Drive
1-15
$1
(s-a)__
30c
5%
prior preferred
Wheel
Graton
1-15
20c
Lakes
15c
3-16
"
25c
(extra)
Cleaning & Dyeing—
Foster-Wheeler Corp.—
6% prior preferred Oquar.)
$5
8
50c
Electric
Mills
5%
5
50c
Fireman's Fund Insurance (quar.)
Firestone Tire & Rubber
$5
2
1-
50c
Great
2
1-
(Syracuse) —
Ins.
(quar.)
preferred (quar.)
$4.25
12-31
10c
Extra.
Gabriel
1-31
$2.50
Inc.
United
Fraser
6-30
12-31
30c
Fidelity-Phoenix Fire
Four
3-31
7-26
1-25-49
-.
Traders
Quarterly ;
Park,
Quarterly
Quarterly
Fleury
12-31
15c
held
&
7%
2-20
1-25
4-26
2%%
dividend)__
Products
Farmers
Federal
12-31
3-15
5
1-
(stock
(extra)
Fabricon
Fen ton
12-31
1-20
1-
$50c
America__
common
Exolon Company
1-20
2
$1
_______
of
12-31
1-
$1
(quar.)
Heating Products, Ltd. (irreg.)—
Co,
(extra)
>
\
Eversharp,
1-15
1-20
$1
••
1-30
25c
(quar.)
12-27*
1-15
$1
convertible preferred
preferred (quar.)
preferred (quar.)
1-15
20c
(quar.)
12-27*
25c
A
1-15
25c
class
12-27*
60c
/
1-15
70c
(quar.)_____
Corp.___.
preferred
Federal
1-15
1-10
$1
Class B
Essex
1-15
50c
20c
Phonograph
Millwork
Enamel
7-15
1-10
Emsco Derrick & Equipment—
Common (resumed)
4%
4-15
2
25c
Eme-rson
4%
1
8-
1-15
preferred (quar.)__
Ely & Walker Dry Goods, common (extra)__
7%' 1st preferred (s-a)__u
6% 2nd preferred (s-a)_____
Empire
1-15
5-
40c
(year-end)
Ekco Products Co., common
4%% preferred (quar.)
1-10
2-
1-14
.
Common
1-30
12-26
12-30
1
Gulf
(quar.)_____
1-15
1
American
1-10
Ltd.—
preferred
12-31
2
1
12-19
$25c
Fields
1
2-
9-
Great
9
5
1-15
2-
17c
6-
12-15
1-
1-
15c
$25c
9-15
6
2-16
2
6-15
1-20
15c
2
1-
A
(quar.)
$1.50
preferred A (quar.) _____$1.50
6 %
prefened B (accum.)
$4
6% preferred B (quar)_
rU
$1.50
6% preferred B (accum.)
$1.50
Eastern Township Telephone
(quar.25c
Edison (Thomas
A.), Inc.—
1-
$1
(quar.)
2
1-
1-15-48
preferred
30c
—
1-
1-15-48
1st
20c
(quar;)—
Crucible Co.____
Corp.
Oil
1-12
60c
30c
Co.Xquar.)—___
Corp; (year-end)
1-15-48
$1
(quar.)
6%
'
30c
12 %c
Yard
25c
3-
5
1-10
1-15
3-15
General
1-29
1-15
2-16
$1.50
General
12-19
12-15
2
General
3-31,
$1.50
2-
81 Vic
(quar.)
Co. (quar. )—_—___„
(increased quar.)
Massachusetts Street Ry.—
25c
(Joseph)
5%
1-17
V 1-17
50c
1-15
$$1.12%
(increased)
Supply Co. (quar.)
preferred
6%
-
2
$20c
Electric
1st
Flour
4
(irreg.)
preferred
Dominion Coal Co., Ltd. 6%
'
3-20
12-31
12-31
for
(quar.)______
(quar.)-——
Dodge
2
1
1-15
1-15
$1.31%
Co.
Corp.
$40c
____
&
Theatres
$10c
(initial)
4-
75c
—>
Canada Tunnel
Vilbiss
$10c
—c____
5
Rio
Gasket
District
1-10'
5
1-
-
Detroit Hillsdale & South Western RR.
Detroit River Tunnel (s-a)
12-30
'>•>••''
1-
1
$1.75
5%
Detroit Edison Co.
Detroit
H 2
1
2-
-
Grande Western RR. Co.—
preferred (accum.
Detroit
>
2-
1
2
1-
,
—
.
______!
Denver Union Stock
12-31
>
50c
47 %c
$1.75
Manufacturing Co.
Denver &
^12-31
12-31
$1
•
Mines, Inc. (initial)
Dayton. Rubber Co., common___i__
Class" A (quar.)
_l_
i-__.
12^31
•
,
12-31
1-15
,
Day
Decker
1-12
12-26
1-15
•
•
common
common
Bros.,
Davis Coal
*
,
12-30
1-15
$22V2c
Common
Cardy Corp., Ltd. class A
;
-1-
1-15"
;'$$i,75
Canadian Vickers.?-Ltd., $7 pfd. (accum.)—1__Canadian ■ Western Lumber Co.,. Ltd., com._
^.Common
2
1-31
i- 8
r
20c
preferred
Davidson
1-9
2-
Corp.,
3%%
,
•
1%> preferred
t'
2- 2
Ltd.—
.
Ar>
Dana
,
____
12-26
12-15
15c
(quar.)_
Inc.
Cypress Abbey Co._
12-19
2
12-26
1-15
$$1.50
'
Co.,
Canadian
.
>
1-10
$3
s-a)
>>'
Packing
12y2c
'
it.
$$1
Companies
$1.50
12-20
(annual)
(quar.)
Lighting,
'
12-15
■
Securities,
(quar.)___
Atlantic Sugar,
Curtis
(quar.L
." $$1.50
Canadian,;General Investments, Ltd. .(quar.)
$37V9c
''
Canadian IngersollRand
(year-end)
.$$1.25
n.+ Canadian Industrial
Alfcohol Co.r Ltd.—
L-.
i.; .Extra-A-i—^——<.
.$$2.12
:
preferred
Curtis
1-15
1-15
-1-10
■'
$5c
:
Co.
preferred
1-31
1-26-48
12-15
$1
Co.
Sugar,
(quar.)
1-31
'
>>.
American
2-14
>
12-15
1-15
10c
:___i___
preferred
2-14
$15c
(quar.)_.
Seal
62V2C
(s-a)>
common
&
62V2c
$$1.75
1-15
—
Co., common
4%% preferred
(quar.)
Cunningham Drug Stores new
Ltd.—
6
$10c
:___
(year-end)
Forster, common (quar.)
preferred (quar.)
Cudahy
Common
.
,
5
1-
$2
-
7%
for
Canada
,
.
1-
1-22
$$1.25
Corp.____
7%
all unexchanged
..
,
Cork
Cuban
.
.
1-16
10c
70c
&
7%
_
;
1-10
50c
(interim)—
reg.
Cuban
1-16
12-31
$1.17 Va
quar.)
8%
1-7
2
redemption Feb. 11 at
at $110 per share.plus $2.20 dividend.
California Packing, com. (increased quar.)_
5% preferred (quar.)
Camden Refrigerating & Terminals (s-a)__,
i
1-9
2-
Crum
7
1-20
40c
_;_
preferred (1927 series)
shares
!
(quar.)-
50c
>
(quar.)
(quar.)
common
Fashion
pfd. (quar.)
(year-end)
Creamery Package Mfg.
$1.75
1-10
1-31
Electric—
Crown
'<
12-31
1-31
1-
2-2-48
$1.75
Ltd.
(quar.)
6%
Ero
>'
37y2C
■
Inc.—
A preferred (quar.)_
Coal. Co., ctfs. (year-end)____
Courtauld's Ltd,, American deposit rets,
7-
common
1-10
12 %c
series
7-7
Power,
12-26
2
37 %C
Cosgrove
7-24
California-Oregon
1-10
12-31
90c
7-24
;
5
25c
Refining Co., 7% pfd. (quar.)
$25c
1-
5
1-
25C
$25c
1-24
1-
2
1-
;
(year-end)
Corncll-Dubilier
4-
$$1
2
2-
1-12
—
(quar.)
____L_____________;
_
2-
17 %c
>.
preferred
Common
4-
4-24
2-10
1-15
(quar.)_^
Corp.
(quar.)
prior
Corn Products
1-
4-24
2-16
1
80c
"(s-a)
Corp. (year-end)—
Corp., 5% 1st pfd. (quar.)
(quar.)
B (quar.)._,____i_____i.__c__________Non-cum. preferred A (initial) _____
Butler Mfg. Co.,-. common
Byers (A. M.) Co., 7% :V»fd. (ouar.)-_—___-
■.
,
2nd preferred
Cooper-Bessemer
7
1-
$25c
2-
$1.75
6%
Co.
Sfeel
$3
1-
1-24
2-21-
62 %c
12-22
2-2-48
$25c
(quar.)
Corp.
Employees
30c
Electric
Standard
Royal^es,
Rubber
Common
1-24
1-24
$25c
(quar.)
Class
.
25c
Insurance
12-19
$25c.--.l-24
(quar.)_i
8-14
or
(quar.)
Association,
Car-Na-Var
1-21
>
$25c
B
•,
>1-21
2
5-15
I,
(initial)
preferred
(increased
common
Continental
1-15
1
>>1- 6
$25c
B
' Extra
Class A
>,
2-
50c
Extra
r".' Class
cash
2-14
1
9-
i
preferred
non-cum.
Ltd.,
Converse
1-16
1-31
(quar.)25c
Steel Castings,:common
(quar.)__.
Bullard
1
7-17
6-
stock)
common
—-
Continental
-
preferred
.
in
Co.,
Coast
80c
Container Corp. of America—
4% ^preferred
(quar.)_^
12-31'
2-
1
8-
50c
12-31
1-15;.
$$1.50
1
$1.25
$25c
Continental
1-15
$40c
(quar.)-l-—-: .''
Brown, Shoe Co., ;$3.60 preferred ,(quar..l____ -
1-17
$25c
Diversified
Consolidated
12-15
\
preferred
2-
3-1
Consolidated Paper Corp.
Ry. Co., Ltd.—
(s-a)_.
9
1-15
$1.75
Heating
Consolidated Textile
2-2-48 ;•
9
6-
$$3.25
ada.
Products, Ltd.—
Electric
3-
2-16
12-31
12-15
1-20
_______
$1.25
Co. $5 pfd. (quar.)
Consolidated Mining & Smelting Co. of Can¬
•
$15c
British Columbia
4-15
7-15
1- 5
Ry.
Consolidated Edison
•
___
British
9
$2
(quar.)..
-v-
3-20
Brantford
•
12-
35c
•
1-15
$2
(quar.)————Inc., 40c preferred (quar.)
2-14
..
8
25c
:
Car
1-
12-20
,
Co.—
preferred
Extra '
1
1-10
25C
Pacific
common
Southern Ohio
Consolidated
1- 2
:1-15 >12-20
(quar.) ______—$32Vic
1-15 >12-20
Roofing Co., .Ltd. (s-a)__—$40c '.v, 2- 2 > 1-15 •
Bridgeport Hydraulic Co. ..(quar.^_J._f:-._T:^l
\
40c
1-15,'V ; 12-31
Bristol-Myers Co. 3%% partic. pfd. (quar.) > 933Ac 1-15-48:;>> l- 'av1:
'British Celanese, Ltd.—
-T American
deposit receipts (year-end)
8 % '"•'>•2-25
'7
$1.30
--
,
&
Connohio
2
;>2- 2
v.
12-18
1-10
1-30
1-15
$25c
Co., Ltd.
preferred
1-10
$1.25
(payable
Packers
$1.50
Eastern
2-
$40c
$50c
i7C
12-20
12-26
12-31
common
A
Metals &
Oil
1-20
5
12-31
2-2-48
(quar.)
Corp. (initial)
Light 5% 1st preferred
Eason
Eastern
1-
12-29
2-2-48
Extra
Duplan
East
!_
(quar.)
Enterprises, 5% preferred (quar.)
Combusion Engineering Co. (year-end)—
Commercial Alcohols, Ltd., common
(quar.)
8%
preferred (quar.)_
Connecticut Light &
Power, $2 pfd. (quar.)_
10c-..>-2rl6.;<( 1- 2
'
(quar.)j.——_L_
C.)
Boston Edison Co.
Bower
1- 8
-1-15
.-j
1-
$2
Combined
15c
2
$5
Columbus
(quar.)-lil^l-—25c
1-
55c
____
Works, 7%
(quar,)
River
12-31
.
Blair &
:
;
1-15
1-15
$25c
$$1.25
(quar.)__
00m.
certificates
Duquesne
12-20
12-31
;•
Paper
12-27
(interim)
Columbia
21-31
1-15
2
87 %c
Baking, common (quar.)_
participating preferred (quar.)
Participating
1-15
;
Extra
•
.
12-29
1-15
■
1-
Co.,
6%
50c
2
2
75c
—
new
Drexel
Dryden
$3
Columbia
1-16
4-
1-23
1
80c
Black, Sivalls & Bryson
f
>
j'< $25c
.
Extra
.
.*
2
4-23
2-
trust
preferred
Furniture Co
9
Colonial Mills, Inc.- (qUar.)
Colonial Sand & Stone (quar#i2e.
S3'1-31-48** "s '1-15 4-'
$20c„
-
preferred A
Binks
:
—^
.
Common
2
12-29
Co.
2nd
1-20
■"..'i Preferrence (interim)
1-15
12-15
2-
12-29
$35c
Ltd.,
preferred
preferred
15C
Corp.
Foil, 5% preferred (s-a)
Collingwood Terminals, Ltd.— ■>'•:*;
•'
1-15
12-26
30c
com.
Coal. Co,
Water
2
$30c
Cochran
1-15
•
1-30
1-15
•
$$2
& Hedges, $2 conv. pfd.
(quar.)_„i
50e
Foods, Inc. (irreg.50c
Year-end
$1
Biltmore Hats, Ltd., common (quar.)
110c
,
Co.
(quar.)
Clopay
12-31
->3-1
Clinton
12-31
1-15
A
2-
1-10
40c
•__
share of
a
Co.
cClinchfield
1-15
.4-1-15
Stores
Class
12-31
2;'•
5c
,,
(quar.)':
(quar.) j__>^
2-
10c
$37%c
y;
Ltd.,
.
Best
.
3-19
Oity of Paris Dry Goods—
7% 1st preferred (quar.)
City
'
'
$$1.75*.1-15
—•
Benson
,
•
12-29*:
\
10c
.—■:
Corp.,
1-15
;
\
-
__
Paper,
1
(quar.)_
Railroad
(quar.).
12-26 n
•
4-
5c
(quar.)
Utilities
conv.
$3.25
12-22
;.
Telephone Co. of Canada
Beneficial
1-6-48
$6.25
(quar.)
Corp.
preferred
3/100ths of
20c
$4
12-22
9
___>__
preferred
of
-,
Extra
>1-20
12-15
9
2-16
1-15
1-15
(quar.)
Chemical
5
>___'
5%
Citizens
2
4% %
1-
——
__>i—_______
Inter-Terminal
Textile
preferred
Dow
30c
1-15
$25c
(quar.)
com.
Dominion Woollens &
Worsted,
Donnacona Paper Co., Ltd.—
3
25c
1-15
2
$25c
voting
31 Vic
Electric^
>•>.:' 5%
1-17
1-
Common
Dominion
1-
54 %C
1-15
2
2-
(quar.)
1-
(quar.)_
Cincinnati New Orleans-«& Texas
5%
preferred (quar.).
12-31
'>>\v
1-26
■
25%
!_
Bathurst PoWer
BeU
r*
1-
Ltd,,
2
2-
Chemical, Ltd.—
Common
Ducommun
(s-a)___
50c
12-26
1-15
$2
common
(s-a)
17%c
Extra
;
4%
$1.50
(accum.).—__
of
Ba3*tgis Co. (quar.)'_
,
Cincinnati
1-20
Corp.—
preferred
Canada, Ltd.
"'preference
(s-a;—:_
Bareco
!
12-24
2- 2
.
Securities
participating
Barber-Ellis
•
Cincinnati Gas &
...
9
Co.,
2-
$75c
$37 %c
Dominion Square
Corp., Ltd. (quar.)_
Dominion Steel &
Coal, class B (s-a)
Dominion Tar &
$1.12%
common
1-15
'•
Co.
Oil,
12-24
•
1-
Glass
$20c
(quar.)
6%
preferred (quar.)
Dominion Oilcloth 61 Linoleum
15c
(quar.)
(quar,)
(quar.)
Common
2-10
12-31
25c
Cotton
Common
12-29
1
1-15
15c
—
Products^—
2
50c
(quar.)
Guaranty
Molded
1- 9
1- 9
shares held)
America
.Bankers
1-20
2-
-
(extra)^_1.__—
common
Hydro-Electric,- -.common
Bond
1
1-12
stock for each four
common
i
2-
25c
17 %C
preferred
Bankers
.
1-16
3-
50c
(interim)
Co.,
(quar.)
56 Vic
National Battery, (year-end)
Company,
Bangor
f
2
5
(quar.)
f 40c
preference
7%
preferred (quar.)
Dominion Malting Co.,
7%
;
Mfg.
preferred
Chickasha
(quar.)
Baldwin Rubber CoL,(cash dividend)
(quar.)
Stock dividend ;<One-additional share of
v
2-
1-
12-31
40c
Cheney Brothers
(year-end)——
Chesapeake Corp. of Virginia (year-end)
Chesapeake & Ohio Ry.
>
>>
1
3%%
convertible preferred
(quar.)
Chicago Dock & Canal (extra)
Television
_
Uaihmann
;
5
Master
Chicago
-Avco Mfg. Corp.,s $2.25 preferred (quar.)
'Ayrshire Colliers Corp.,. new com. (initial)_
.
5
1-
1-15
85C
preferred
Chefford
30c-
&
convertible
12-23
2
$1.18
5
Corp.—
12-30
2-
1-
-
(quar.)
Investment
2
1-
l-~5
1-10
1-10
(quar,)
Chasers,
(stock dividend)—
Radio
Corp. for each share held
prior preference
1-15
2
1-10
Dominion
15c
2-
2-
12-31
1-15
50c
(year-end)
Inc. (quar.)
Chateau-Gai Wines, Ltd.
1-30
'$i
93 %c
1
common
1
30c
1
—
5%
Majestic
Utility Co.
$2.50
_____
12-31
•
37 %c
(year-end) J—
Products,
Store
4V'2%
1-15
•
1-15
1-15
$35.47
Champion Paper & Fibre, common (extra)
Chase Candy Co. (increased quar,)—.———
Chase National Bank (quar.)
&
Automatic Steel Products
'
2- 2
Co.
3-
.___—
40c
Products——
$1.50
Co., Inc.—
!Conv. prior preference
(quar.)
r
Extra
1-12
Year-end
1-25
1-14
Steel
West
Certain-teed
s
2-2-48
$22 %C
Ltd
Nichols
1-12
1-31
pfd. (quar.)—
Power—•
(quar.)
Light & Power
Republic
Central
2
1-31
425c
preferred
1-31
preferred
Ohio
Central
5
1-
1-14
3-
15c
—,4—
.i
12-24
30c
____-—,——
preferred A
Dominion
$30c
,
Power, 4%%
York
Ohio
Central
7 %C
& Santa Fe Ry. com.____^_
convertible
New
3.40%
1-21
1-30
m
.
pfd. (s-a)
City. Electric (quar.)..
Refining Co.
3.75%
'.
iquar.)
conv.
9
(increased quar.)
(quar.)
Central Kansas
12-11
•■1-10
$15c
non-cum.
Atlantic
Atlantic
'
12-30*
2
UOc
<—_•
Equipment Corp. (quar.)_
Telephone Co.,* Ltd.—
2nd
1-
75c
'Associated
<
9
1-31
'
2-
10c,
__
common
1-
250
Coke
preferred
Central
(s-a)
6%
1-31
Fabrics, Ltd., 00m.
1st preference (quar.)
1-20
45
When
Holdere
Payable of Reo.
Share
1
12-17
1-31-48
$1.50
(special)
coin, (quar.)
preference (quar.)
conv.
Armour &
&
1-15
$1.25
•
(quar.)____
Argus. Inc., common
'
Coal
2-
10c
Corp. Ltd.
-4%%
-
5*
1-9
Company
1-
20c
12-15
$1.75
Archer-Daniels-Midland- Co.
Argus
1-
Name of
•
2-18
1-15
37 %C
Corp.—
4% preferred certificates of beneficial in¬
terest
(liquidating)
Central Fibre
Products
com,: Iquar.)
Products—~
Anglo-Huronian, Ltd.
1
12-10
1-15
Aguirre Associates
Central
•
prior preferred (quar.)
Angerman Company, Inc._——
i
5
2
Central
6%
common___
6%
'
12-
•
Per
Payable of Reo.
$20c
12-10
•'
(85)
Holdere
50c
5 %
'
■
American Zinc-Lead 8t Smelting,
$5 convertible prior preferred
Share
12-10
$2.50
(year-end)
Co.;. Inc.
/
(quar.) __'_.:__-____I__—
'
7 %•'
5
5
When
112 %C
Corp., common
(quar.)^
preferred (quar.)
J—i
Celtic Knitting Co., Ltd. (increased)—^
12-15
1*
1-
$2.25
__
Tiirf Association
f
•'
1-15
v
•
$4
(year-end
Telegraph " (quar.)
&
Company
12-29
$3
Sugar 'Refining
Name of
Casco Products Corp. (initial)-—
Castleberrys Food Co. com.
12-20
$3
>, '
_
v
^
5
2-15
$1.12 %
.,$1-73
___•—
preferred
American
' American
<
1-
20%
;—
'
•
5
*
A'
Class
5
1-
,L Celotex
4%% preferred (quar.) 4
American ^ Service Co., common
r
1
1-
1-15
50c
.
American
FINANCIAL CHRONICLE
Per
•' tv.
,.
Extra-
.*
1-15
75c
^
&
Holdere
Payable of Reo.
Share
(bi-monthly)
COMMERCIAL
RR.,
$75c
com.
(initial)
r
1-15.V'
12-31
50c
1-15
12-26
$2.50
1-15
12-26
4C
THE COMMERCIAL
(86)
of Company
Increased
quar.
Quarterly
Instrument
Hammond
1
1
5-
9-1
25c
1-15
25C
3-10
$1.50
1-20-48
Co.. (quar.)
—
„
1-10
12-31
pfd.
Mahon
12-11
J 25C
1-15
1-15
25c
1-15
25C
1-
6
12-23
25c
preferred (quar.),,,
—■——
Lithographing—
(quar.),_
Hershey Chocolate, common (quar.)
$1 convertible preferred (quar.)
y
4%%
1-
6
12-23
$1.12%
2-
1
1-15
1-
Marshall
5
C.)
Common
12-31
1-24
Matthlessen
$1
2-14
1-24
Mercantile
2-14
1-24
$1
1-20
25c
1-30-48
1-20
Masco
—
5
1-15
Co., class
(R.)
(A.)
Hollander
&
(quar,)
12-31
.
12-
6
Middle
5
1-25
8
12-18
1-
50c
1-15
12-31"
933/4o
1-15
12-31"
dividend
Ltd.,
Hunts,
Class
preferred (accum.)—
Illinois Power, common (quar.)
.
5% convertible preferred (quar.)
Investing, $7
Hutchins
Terminal
Illinois
12-15
1-15
12-30
50c
2-
2
1-
7
18c
2-
1
1-10
J25c
2-
2
12-23
Imperial Tobacco Co. of Canada—
4 7o
preference
(initial)
Indiana Associated Telephone Corp.—
preferred (quar.)—
Indianapolis Power & Light, common
$2
Brownhoist
Industrial
Industrial
Silica,
Institutional
Ltd.
12-31*
Monroe
12-31*
Montgomery
t$l
1-31
-1-15
Special
International
preferred
($100
2
,
1-15
12-15
$7
1-15-48
12-15
$7
.12-31
12c
1-21
62 %c
1-31
1-15
5c
Mutual, Inc. (irreg.)—
L.) Co., 57o conv. pfd. (quar.),
Oilier Engraving (year-end).
1-15
12-13
Jones
Chicago
&
&
Steel,
Laughlin
Kansas
3.80%
1-
5
Southern
City
pfd.
non-cum.
Kayser
(Julius)
Kellogg
& Co.
City
National
Distillers
12-
2
National
Electric
Quarterly
Quarterly
2-14
1-15
1-
1-
$1.25
1-31
25c
1-26
•—
John
Power
&
St.
Lake
Co.,
4%%
12-31
National
Lock
1-
5
National
Manufacture
2-25
2-16
National Stamping
1-31
1-
National
1-
A
(quar.)
Class
B
National
Tank
National
Tea
1-15
12-20
1-22
1-15
La
Salle
Electric
(James)
Lefcourt
Lehman
&
Sons,
Corp.,
3.85%
prior
Low-Priced
1-15
12-31
First
2
1-12
7%C
1-10
12-31
Metal
1-10
12-31
Steel
1-
12-26
—
Corp.,
common
Brothers, Ltd.
Co.
(quar.)—'-
Match
Original capital
_!j—i
Schuylkill
Navigation RR.
&
(s-a)
2-23
3-10
$1.10
Loft
Candy
Corp
Class
B
Louisville
5%
5%
(quar.)__—
Gas
&
Co.
(Ky,),
com.—
(W.
M.),
Ltd."(quar.)
—
1-21
2-
2
.
■
Shares
——
—
I&cCaJLiCorpr; (fl#»r.)—
Nelson
pfd.
4%
HcSt&aItqbfains,
$4 preferred (quar.)
—
12-31
12-10
2
1-12
3-15
4-
1
3-15
4-
1
3-15
1-
5
1-15
1-15
12-31
1-15
12-14
1-31
1-15
2
12-16
1-
York
1-15
12-31
1-15
3.90%
&
12-31
1-15
1-15
8c
1-15
12-31
7c
1-15
12-31
12-31
'
1-15
12-31
6c
1-15
12-31
25c
1-5-48
4c
—
12-
5
20c
1-15
(J. J.)
5
12-26
97 %C
2-
2
1-15
93%c
12-15
37 %C
1-15
12-31
1-15
12-31
1-15
12-31
*}7%c
-15-48
12-15
1-31
1-15
:
preferred (clears arrears)—
5%
1st preferred
(quar.)
l
5%
preferred (accum.),*———
—
Nineteen Hundred Corp., class B
(year-end)
2-
2
1-16
&
Western
RR.
preferred
5%
\ 7%
6%
Northern
$3.60
No-Sag
4%
,
1-15
Clip Industries, "Inc.,
1
i-i5
Oliver
Corp.,4%,7c
1-15
Oliver
United-Filters,
2
Oxford
Paper;
1-14
1-19
1-14
common
pfd.
class
common
A
2
1-
2
(year-end)
(quar.)
(year-end)
1-15
H
1-15
12-31
50c
50c
1- 8
2-12
1-15
$1.50
1- 2
12-18
12%c
1- 2
12- 1
4-2
3-1
12-18
J25c
2-
1
1-15
52%C
2-
1
1-16
50c
1-
5
12-22
25c
5%
4-1
(extral
Corp.
(cash dividend),
com.
1
.3-9
1-
6
12-20
50c
1-15
12-12
15c
2-2-48
1-15
Inc.—
Fund,
B
(quar.)
r
15c
(H.
&
$1.50
Co.
Co.
clears
Button
Ages
1-10
1- 2
1-10
pfd.
$5
2- 2
1-15
(quar.)
V;
preferred
(This
\
pay-
$3.62%
arrears)
Mills, Ltd. (quar.)
Co. (quar.)
1-10
12-31
10c
1-
12-18
1-15
25c
1-26
1- 5
Corp,
25c
1- 9
12-30
1-
9
12-30
25c
1-15
1- 9
90c
1-25
1-10
25c
1-15
1-16
1-15
1- 7
D.)
(Initial)
pfd.
non-cum.
(initial)____
Co.
6%
Co.,
Fifth
Ryerson
preferred
Avenue,
(accum.)
(quar.)
Inc.
&
Haynes, Inc.
Croix Paper Co. (quar.)—
Lawrence
Corp.,
class A
preferred
Lawrence
' '
;
L
Mills,
(accum.)
Ltd. com.
Mills,
Paper
San
Diego Gas & Electric
5%
preferred (quar.)
Sargent & Co
Co.,
B
'
pfd.
(quar.)
12-31
12-31
1
12-26
2-
Lace
(quar.)
preferred
pfd,
25c
>
(quar.)_
(quar.)—
1-15
1-30
1-15
12-31
6
12-27
20c
r
1-
—
,
1T15
1-31
2-
"1-15
1-
1-15
2
50c
20c
5
•
T- 2
12-12
2-1
1-9.
60c
1-14
il9c
12%c
27%c
1- 8
'2- 2
12-26'
12-29
(quar.)
1-10
com
pfd,, (quar.)
(initial quar.)
preferred (initial)
Seeger Refrigerator
Shawinlgan Water & Power (quar.)
Sheep Creek Gold Mines, Ltd. (interim)
Sherwin-Williams
Co.
of
Canada,
(quar.)
Corp.
Publishing
Corp.,
(quar.)
Ltd.
preferred
'
com.
4%
preferred
Society
Brand
.
(quar.)
,
■*,
—
Mills Ltd. com. (quar.)
(quar.)
Clothes
1-10'
1
1-10
.
12-27
* 1- 2
2-14
„
2-14
preferred r,(quar.)
t
f
1-15 f
1-15'
2- 2
1-10
2-
1-10
t53c
25c
t25d
2
1-15
2- 3
>
1- 3''
1- 5*
? 1-30 -5 12-31
____—,v
■
(increased)
Pittsburgh Water Co,— .,:.
4%%
2-
1-28 '
;l- 9; 1
t30c
(quar.)
Corp,
Smith (Howard) Paper
South
12-31'
2-1 1
$20c
$1
25c
25c
(A. O.)
1-16
1-15''
t30c
(N.). Co.,
$2.12
2- 6
2- 61
1
2-25 I"
J20c
Extra
Smith
2-16
J20c
^
;
Extra
Slater
2-16
J30c
tl%c
Extra
Oil
1- 7
Ltd,—
Sigma Mines, Ltd.
Sinclair
2-18 r
2-18
12-18
1
$50c
___!
Extra
;. 3-
$25c
Seiberling Rubber Co. of Canada, Ltd
12-15
1-10
3- 1-'
25c
$0.2917
20c
;
1-15'
1-15'
12-15r
2- 2
65c
Security Bank Note new com.
12-31
20c
9i%c
25c
—,_i;—
.
conv.
12-20
1-15
35c
(quar.)
Co.
Seaboard Finance Co.
12-31
1-15
12-31
1-15," 12-31
1-15
1- 2
2- 1
1-15
2- 1
1-15
2-10
1-20
1-15
1- 2
2- 1 '
1-16*
3-<l
' 2-11 1
t20c
tlOc
50c
25c
85c
—!
$3.65
Co.
12-20
12-31
1-15
2- 1
20c
25c
(quar. )_„__,
r_
(year-end)
Scythes & Co., Ltd, (year-end)
Seaboard Container Corp., class A
5%% preferred (quar.)
1-5
25c
55c
y, $i.
$3.40
Electric
Scranton
1-16
1-15
283/4C
il.12%
Co.
&
Co.,
Manufacturing,
1-15
2- 2
133/4c
,
Ltd., class A
(Ed.)
Paper
Scovill
1- 8
1- 5
2- 2
f$1.25
(quar.)
com.
(quar.),,,,.
Schuster
1- 5
Ltd.—
(accum.)
Samson United Corp., 55c conv.
&
f25c
|40c
t$1.75
(quar.)
(quar.)
preferred
Class
15c
$1.50
5
Ltd.—
pfd.
conv.
Flour
Lawrence
Scarfe
1- 5
Inc.,
Field,
Building
Russek's
6%
1- 1
1-15
10c
5%
Rotary Electric Steel
St.
2- 2
y
20c
Co.__
Co.
(Geo.
7%
1- 5
>
50c
Extra
St.
1-15
JlOc
(year-end)
Corp.
Mfg.
Park
Roosevelt
Russ
.
25c
Rockwell
Roland
Roper
all
Cotton
of
2- 2
1-10
1-24
$1.25
(quar.),,
Myers, Inc.—
ment
Robinson
3-10
$1.31%
5c
$2
pfd.
(quar.)
participating
Rochester
1-15
3-20
(year-end),,,
Cement
Robbins
Rock
&
Co.
2-2-48
25c
(increased)—
Rickel
Riverside
3-9
4-
5c
Petroleum
W.)
3-9
4-1
$1.12%
(quar.)
Simmons-Boardman
25c
—
12-20
(extra),,
Common
1-20
90c
(quar.-)———
1-16
12-19
(quar.)
preferred
12-31
1-20
—
(irreg.)
Pacific American Fisheries
1-
2
2-
$1.50
—,———
2- 1
12%c
pfd.
Rike-Kumler
12-31
1 -15
.
5
12-2.9
1-15-48,
$2
•;.
conv.
1-
1-20
6C
$1.75
com.
1-2
12-12
1-10
New
$1.25
(quar.)_
•
2-25
(quar.)
'
pfd.
.■
12-30
1-15
1-27
preferred (quar.)
Engineering Co.—
&
Investors
$2.60
(quar.)—
Electric
2
1-
2-10
——
Co.,
&
2-
12-31
Co.
preferred .(quar.)
'2-
1-15
(Del.)—
(accum.)—
Power (Minn.)
110c
1-20
1-19
>12-31
Ry.
Leather
Gas
2
1-10
■
;
preferred (quar.),
Airlines, Inc., 4.6%
Spring
2
2-
25c
Service—
Northwest
Northwestern
2-
$10
$1
Power
States
$1.25
—
(accum.)—,—:
preferred
.
Public
Pacific
States
preferred
2
15c
(s-a)
Railway
(quar.),—
preferred
Northern
2-
Refractories———
American
1-19
$3.75
—
($25 par)
(quar.)
North American Acceptance Corp.—
Class A
(increased quar.)—:
Adjustment
1-10
1-10
2-28
dividend
Scranton
25c
5%'1st
Oklahoma
.* $1
(quar.)
10c
$1.50
Schenley Distillers Corp
Hudson Power-—
Niagara
Indiana
6
pfd.
1-31
(quar.)
A
Scott
Co.,
25c
•
(extra)
Copper & Brass 5%%
12-31
1-
Corp.—
(quar.)
3%%
preferred
Newberry
1-15
$25c
Revere
—
50c
Light
1-15
'
(increased)30c
com.
6%
12-31
5c
;
Power
12-15
i
$1.25
j,
$1.50
preferred
St.
6c
.——
:
1-15
2-14
V-a'-a.;
25c
5%
Stores
Motors
4%
—
—
12-24*
12-17
2- 2
50c
(year-end),
6%
12-31
1-12
England Gas & Electric Assn. (quar.).—
Mining Co.—
New
Reo
y10-20
1-15.
1
'
Year-end
Northern
1-
1-16
1$1
(quar.)
McCoit-Frohtetiae* Oil
10-30
2-
—
—
1-15
1- 9
2-16
50c
Company
7-22
—
Corp.
(Herman)
Central
12-15
2-1
1-22
4-21
37%C
Series—
i
Northern
1-2.0
115c
1
1
8^1
137%c
—
North
25c
$1.06%:
25-
10c
;
Stock
Shares
Northern
1-20
9*
4-
Fund
Trust
75 c
I^^.^GrajpilCOi, Ltd., class A (quar.)—
(interim)
15c
$1.25
l^&e'^aifty, G.(is & Electric Corpf—'!
^feWquar'}—
-r——Class B
.
$1.50
1-
80c
Series,,__;
Shares
12-22
'12-15
6
31 %C
preferred ($100 par)
preferred ($25 par)—
Lowney
%
,
Electric
Mutual
Automobile
12-12
1-10
I-
37 %C
(quar.)—_
A
1-15
50e
•
—
—
Class
75c
V
15c
Longines-Wittnauer Watch Co., com. (quar.)
Louisiana Power & Light $6 pfd.
(quar.)
Louisville Gas & Electric (Del.)—
,
,
2-23
Coal
-1—
Co.———
Bond
Low-Priced
Norfolk
—
Firebox
1- 5
3-10
~
Co.
Locomotive
12-12
-•
50c
1
—
Little
5
1-20
.y-
..
——J—r*
(quar.)___-_
2
1
1-
$1'
50c
u
RR.—
2-
3-
75c
—
Co
Miami
1-20
12-15
12-31
——
Special guaranteed
2
12-31
■
Little
2
1-15
'
Lion
1-
125c 1- 31-43
.—
1-16
2
New York & Honduras Rosario
1-15
$1.30
(quar.),
(quar.)—
Extra
2-
110c
2
2-
15c
Series*
New
6
12-29
8
1-15
$1.12%
,
Bros.,
Link-Belt
1-
Bond
•
12-15
,yt:
.
(quar.)
Renner
below are estimates
1-15
1-15
37 %c
(quar.)
preferred (quar.)-.
Co., Ltd. (interim)
Lexington Telephone Co., 5.2% pfd.
Lewis
2-
30c
2-
25c
1-
2
96 Vic
37%C-
(quar.)
(quar.) —
1-15
$1.25
(extra)
12-31
1-15
J.—
(year-end)
pfd.
2nd
preferred
St.
Common
30c
pfd.
pfd.
1
5c
Series
12-31
(quar.)
2-
6c
30c
4%%
levy
4
Reliable
Republic
$1.12%
(quar.)_
1-15
y
$2
;
Remington Rand, Inc.
12-22
12-31
—
snown
1-15
7
6
1-15
distributions.
such
12-24
Corp.
Stores
Lerner
Steel
Realty
amounts
of
Speculative
•
1-
20c
Ltd.
1-12
v.
J30c
(s-a)
N.
America
4%
conv.
Republic
$1.50
•
Corp
Stores
&
1- 2
1- 6
1
35c
of
Electric
$2.10
12-31
12 %c
(quar.),
2-
2-
9
20c
—
:
common
1-10
_—_1___—i
—
Co.
Co.,
}8c
31 %c
9*
12-
1-15
2c
(quar.)
—
Corp.
50c
_
12-
1 -15-48
50c
Co.
15c
__
1 -15-48
National Trust Funds—
The
Mfg.
1-20
2
15c
(quar.)
Car
5
Co., 5% pfd. (quar.)
Extension University (quar.)——
Plant-Choate
Lees
Steel
12-19
(quar.)
La
Latrobe
Co.
of
com.
$4.50
15c
(quar.)—
Co.
Reitn.an's, Ltd.,
5
80c
(quar.)
1-14
12-
2-
1-
—
(quar.)
1-20
2
1-15
30c
com.
2-
12-31
r
13c
(quar.)
(interim)
(quar.)
Stock
50c
common—
1-20
Jl%c
Dfd.
12-31
o
1-15
90c
Packing
Re.iance
12-31
...
40c
preferred B (quar.)
'50c
Class
Extra
preferred
5%
1
■
1-20
12-31
1-15
(quar.)
Service Corp.,
preferred
9
,
2
1-15
25c
2c
1-
...
2-
37 %c
—
6%
Corp.
Products,
A
1-20
1-20
10c
Ltd
8%
Ltd.
12-31
6c
(quar.),.,
12-10
c
25c
Reading (Pa.) Gas Co. (s-a)
Reading Tube Corp. class A (initial quar.),,
8-14
50c
(quar.)——
Glass
Co.,
.
6
1-15
60c
;
Mines,
Mines,
Corp.
1-
$1.75
(quar.)
preferred
..v!
,
,
20c
Gamble
Common
——
Gas
J $1.50
Gold Mines, Ltd. (interim)
Lamston (M. H.), Inc. (extra)
Langendorf United Bakeries, Inc.—
1
(quar.)
(quar.)—
Welding
Lead,
Superior & Ishpeming RR. Co.—
Lamaque
9-
Co.
Y.)
(N.
Inc.
Inc.
„
Fuel
2-
Year-end
$1.75
2c
$1.25
(quar.)
Paper
Lake
5-15
2c
34%c
—
2-14
1
(quar.)
Products
15c
—
(year-end)
Co.
1
6-
4c
—
50c
(quar;)—-'
preferred
Steel
3-
Y
Co.
Mfg.
1-10
Co.—
Ry.
12-27
;
„•
—
—
of N.
Bank
National
12-29
5
"
(quar.)
Quarterly
6
12-31
.1-15
$1.75
1st pfd.
1-20
1
Transport, Ltd.
Reading Co.
$1.75
——
$1
J v.
25c
Service
Class
^
(increased)
(quar.)
20c
—
(quar.)_
"v
*
'
,1- 2
Chicago
&
Raymond Concrete Pile
£.—
12-31
12-31
1-15-48
*
1-15
pfd. (quar.)
Quebec Power Co. (quar.)
1-15
common
10c
$1.50
2-15
25c
&
National
2
3
1-31
common
Register
National Linen
■
(quar.)
Co. (year-end)
Kirsch Company $1.50 pfd. year-end),
Knudsen Creamery Co., common (special)
60c
preferred (quar.)
—,
Kobacker Stores, Inc., common
12-31
1-15
$1
preferred
Kinney (G. R.)
$1.37%
National
2
25c
Co.—
5%
Laclede
4
1-
National
(extra)
Supply
Switchboard &
12-
1
3-
Telegraph—
—
Bank
1-15
3-
lc
112%c
Qorp.^-t
1-16
1-16
$1
(quar.)
Rath
1-15
12-31
12-15
25c
preferred
Radio
2
12-26
Development
(quar.)
Share Corp.
&
Bronx
1-5-48
12-18
1-
8
1
1-10
1- 5
$2.50
(quar.)
6%
1-
2-
;
$5 prior preferred
Purex Corp.
12-24
1-15
30c
1-15
(increased)
(monthly)
(monthly)
Puget Sound Power & Light—
9
1
$1
(quar.)
Dome
Quaker Oats
2-
$2.50
preferred
6%
$1.25
(s-a)„—
$1
Chemical
95c
Ry.—
(quar.)
RR.
1-
1
1-20
20c
(extra)—-
Co.
Cash
5
2-
56 %c
—
—
y
12-30
(quar.)
preferred
Purolator
—
Co.,
National
1-
12-26
15c
v
(quar.)
National
1-15
1-20
5%
&
6%
Co.)
&
& Bros
12-24
50c
:
1-10
&
East
Public
1-30
Inc.,
2
J17c
(quar.)—-
City Power & Light Co.—
preferred
(quar.)—
Kansas
4%
National
2-
50c
2
37 %c
(quar.)
(quar.)—,
National Bond
1-12
2
.
(Ottawa)
Publishing Co.
Journal
1-31
2
$1.50
(quar.)——
Water
2
1-
40C
2-
common
Works 6% pfd.
Joseph & Feiss Co. (extra)—
Joplin
1-
1-10
common
1-9
1-15
Company
Proprietary
1-9
2-1
37%c
(quar.)
com.
$1
Edison, 3.60%
Provincial
1-30
Ltd.
Battery
$1.75
common-
12-31
12-18
37 %c
Morris
12-31
2-1
90c
common
Wayne
K.),
Preston
12-15
Telephone
Biscuit
■: 2-
1-31
Potter
1-15
&
(H.
Proctor
9
9
Extra
$1
$4
«r~r
stamped
RR.
National
9
1-15
1-
:
87%c
(quar.)
2nd pfd. B (quar.)
2nd pfd. A
3%7o
National
1-19
1-
2-
12-31
2
148c
Mining
Mills,
(F. E.)
1
2-
87 %c
1-20
12-15
(quar.),.
12-26
1-26
$2.50
preferred
Potomac
1-31
1-15'
12- 9
1-12
95c
Inc.
Plymouth Cordage Co., common
Employees stock (quar.)
Plymouth Rubber Co. (quar.)
5
12-22
1-15
Co.
States
preferred
2
1
93%c
—
2-
7%
2-15
$1.75
(quar.)
1-10
15c
Plomb Tool Co
1-
——
System,
1-10
$1
9-20
12-15
America,
Munising Paper Co.,
6%
6-20
2
$1
—
(quar.)
Oil,
preferred
preferred
Myers
2
1-15
Manufacturing
Mutual
110-
150c
—
12-22
$1.10
(s-a)
$4
Pittsburgh Ft.
1-15
preferred (quar.)
$7
*75c
Central Power & Light—
47c preferred (quar.)—Jewel Tea, 3%%
preferred (quar.)
;
Johns-Manville Corp., 3%% pfd. (quar.)
Johnson & Johnson 87o
pfd. (s-a)—
Joliet
Rice
Mullins
12-26
t35c
(quar.),,
preference
12-12
1-15
3-20
2-
12-22
5
___
5c
Port Carbon
Irregular
1-10-43
2
25C
(quar.)„__
com,
Philip
A
&
Diablo
Mountain
$1
4-
$1.62%
5
flc
Semi-annual
50c
(quar.)
Mount
9-20
$1.50
Mills
Paper
Carbon
Co.
1- 9
Jersey
4%
preferred
Mount
12-31
12-10
2
50c
a...—
(F.
&
Jahn
5
1-15
Co.—
Department
convertible
6%
Mount
1-
1$1.50
Stores (quar.)
Investment Foundation, Ltd., com. (interim)
Jacobs
5
6-20
2
(quar.)—
of
Morrison-Knudsen
1-
3-20
2
1-15
12-22
11-
37%c
Pittsburgh Brewing, $3.50 pfd. (accum.)
Pittsburgh, Cine., Chic. &• St. Louis RR.—-
2
1-
1-16
1-19
1-15-48
*
;
(quar.)
Co.,
preferred
7-
50c
Co.
(see
Corp.
(Albert)
Porter
Co.,
Co.
&
(Philip)
Plan
$2.25
1-
2-
17C
(year-end)
Common
12-31
150c
preferred
Interstate
1-15
t8%c
pfd. (s-a)
International Power Co.,Ltd. 6% 1st pid. (s-a)
International Silver
12-15
Pick
4-
1-15
~
.
$1.37%
(quar.)
Pillsbury Mills,
12-26
10-
25C
(quar.)—
&
Telegraph
Mosinee
7% preferred
($5 par) (quar.)
International Paints Co., Ltd., 5%
1st
1-15-48
2
5
8
Implement—
—;—
Morris
2-
1-
1-
$1
(John)
Morris
12-15
t$1.75
(quar.)
par)
2-19
1-15-48
$1
Milling Co., 47c pfd. (quar.) —
Nickel Co. of Canada, Ltd.—
International
1-15
preferred
25c
——
87%c
.
(year-end)__.„_
Philadelphia & Trenton RR.
Phoenix Silk Corp.
(initial)
25c
Ltd.
Ward
Extra
3-10
$1
(quar.)—.
com.
5
15c
2-2
1-31
.
'
—'
(interim)
Co.
common
preferred
25c
Paper Co
$1.06%
V
.v.'
(quar.)
5
20c
Rubber
Co.,
25c
i
(quar.)
Loan Society
Morrell
$1
—
—
Co.,
Harvester
2
1-
25c
—
Extra
$1
(initial)
common
International
2
1-
5%
Mills
Carpet
Brewery,
12-31*
12-15
1-
1-15
40c
'
1-2
2
20c
3.8% preferred (quar.)
Philip Morris & Co., Ltd.,
3.C0% preferred (quar.)
47c
1-15
1-15
$1.25
(year-end)
(year-end)
Monongahela Valley Water, 7% pfd.
Mohawk
Montreal
participating preferred (quar.)
International Business Machines—
40c
Mississippi Power & Light Co., $6 pfd
1
1-15
1-15
2
—-—
Ontario
&
1-15
137 %C
6%
Investors
3-10
Minnesota
1-31
—
1-
$1
^
50c
(extra)
International Bronze Powders, Ltd.—
6 7o
1-15
3c
1-15
15c
common—,————
—
$1.25
(s-a)
:
Inter-City Baking,
7%
1-15
2
—.—
America
North
Co., of
Extra
New
1
2-
3-
2*
preferred
prior preferred
Molson's
Shares...
Group
Insurance
Insurance
1-15
2-
16c
(accum.)
Inc.,
5%
preferred (s-a)
Mmneapolis-Moline Power
$6 preferred (accum.)
2
50c
—
6% 7o preferred
Ltd.—
2*
1-
(quar.)
$1
(quar.)—
Miller Manufacturing Co., Class A (quar.)— v
Milliron's
(D.
J.)
formerly
Fifth
Street
15c
Shares,
1-
1-14
10c
—
Hart,
1-15
2-
Philadelphia Electric Co.—
1-14
(quar.)—
&
Philadelphia
$1.20
prior
$1
1-15
2
&
prior preferred
$1
1-
37 %C
(quar.)
(quar.)—
Chemicals
Industrial
Corp.
2-
50c
12-29
2-16
—
Mines, Ltd.
Tire
3-
—
...—
4.40%
—
Common
62 %c
1-14
15c
Pharis
25c
Semi-annual
Miller
7
2-
1-15
Mine Hill Navigation & RR. Co.
Common
(quar.),,
Co.
RR.
12-20
1-
12-19
2-
Corp.
Perron Gold
5
1-15
$1.10
(quar.)
—;
Mill Creek &
12-15
2
Perfex
1-15
1--15-48
1-15
3-15
3-15
t$1.50
1-15
15c
1-30
4-1
|75c
(quar.)
1-31
Extra
5%
^
(quar.)
1
,
7
2-
com.
1-2
12-31
50c
div.)_,
(quar.),,:
com.
1
preferred (quar.),
Midwest Piping & Supply—.,—
1-15
$2.25
Ltd.
preferred
5
1-
1-15
1-15
$1
25c
Co.,
2-
$1.75
—i
Extra
1-15
1-
Y.)
(N.
2-
12-24
12-26
1-
1-19
(quar.),
2-16
1-28
.
(year-end)—
Co., common
t20c
—
.
Corp.
12-31
1-15
15c
$1.37V^s :
(s-a)
(stock
125c
12-20
5
$1.50
v
(quar.),;.—_
Pennsylvania Power Co., 4.25% pfd.
Pennsylvania Salt Mfg. Co.—.
3 Va%■' preferred A
(quar.)
Peoples Gas Light & Coke Co.,,.
1-
1-14
Petroleum—
Bakeries
t20c
(s-a)
class A
(s-a)
B
12 %c
Material, common.:—
Oil Field
Houston
6%
—
Extra
1-15
1-31
Penmans
—
_
4%
shares
additional
(two
for each share held)--.—
Cutlery
preferred
pfd.
4%
Peninsular Telephone
#3
$1
Zinc Co.—
preferred (quar.)
(quar.),—
(resumed)
A
Midland
Houston Natural Gas—
Stock
12-31
25C
Corp.
B
Class
75c
,—,
Payne
1-15
1-15
10c
Bumper
States
Class
12-31
—
(quar.)—
Corp. com.
Finance
preferred
3%%
1-
lc
Development Co. (quar.)
Holophane Co., Inc. (year-end)
Ho'.ly
Household
1-15
$1
25c
(extra)
Ltd.
Corp
Michigan Gas & Electric, 4.40% pfd.
Michigan Steel Tube Products Co
12-27
(quar.)—
A
Son
1-31
'
15c
7%
Stores,
Michigan
.
Hoe
Paterson & Hudson River RR.
12-20
v,
Hegeler
&
Mills,
Mercury
12-20
50c
Highland Bell, Ltd. (interim)
Hines (Edward) Lumber Co. (quar.)
1-
Paraiiine Companies,
2
12-20
Products,
Screw
Messenger
t5c
3
1-
1-15
12-30
(special)——
Inc.
1-
1-20
12-20
Co.—
.
1-15
12-31
1-12
' V.
Refining
&
1-15
'
.
Year-end
$25c
1-15
2-14
Monthly
Panhandle
.
$1.25
%5c
1
1-15
1-15
12-30*
2- 2
50c
(quar,),,—
12-24
1-15
Corp.
Martin-Parry
37 %c
Hibbard-Spencer-Bartlett & Co.—
pfd.
12-26
Producing
2-2
1-15
$1.25
(s-a)
12-31
120c
—
Ltd.
Pacific Telephone. & Telegraph—
6%
preferred (quar.'
U7%c
(quar.).—-—
pfd. (quar.)—_______
7%
Petroleum
(quar.)„i—
(quar.$1.12%
(quar.)'„„____^,__.
Electric
1-15
$1.06%
f25c
Co. (quar.),
Co. Ltd.—
Machine
Lighting Corp., $5
&
1-15
& Telegraph
Telephone
pfd.
5%
preferred
Pacific
1-2
12-26
1-15
—50c
50c
(quar.)
Calculating
Maritime
A
conv.
Ltd.
Co.
&
pfd.
pfd. (quar.),
(interim)
class
$2
Corp.,
convertible
Holderi
Payable of Reo.
Share
Gas
Pacific
2
1-15
2-
Finance
4%%
12-31
,.1-15
Company
Pacific
—-——
4%%
Gardens,
Field
Ma reliant
$1
Hewitt-Robins,
Co.
Company,
,
—133/4c
25c
(quar.)
50c
(quar.)
Co.
37 Viae
convertible preferred
—-
(year-end)
common
(quar.)
Leaf
Maple
12-23
*
Havana
6%
(quar.)
Co.
Forbes,
&
(R.
Maltine
'
A———
.
12-31
Magnavox
60c
—
of America, class A
B
6
1
2-
$1.12%
& Marx
—
Tobacco Go.-r
Corp.
Class
1-
1-15
20c
—
Hart ..Schaffner
Hat
1-12
1-15
55c
preferred
(quar.)
Harbor Plywood Corp., new com. (initial)
Harrisburg Gas 4'/a% pfd.' (quar.)
Hart Battery Co., Ltd.
(year-end)
6%
Hart man
5
2-25
Refractories—
Harbison-Walker
1-31
1-31
7-31
12>
Pacific
1-12
25c
Stores,
MacAndrews
When
Per
Name of
Payable of Reo.
Share
$1
6%
preferred (quar.)
,$1.50
Macy (R. H.) & Co., 4(4% pfd. A (quar,)-,
$1.06%
Mading Drug Stores Co. com. (quar.)
—>
20c
1
Monday, January 5, 1948
Holdert
When
Per
.•
1-31
6-
J25c
.
a—;
Printing Co. (extra)-
•
(W> F.)
3-
f 25c
*
—
—
Quarterly'
Hall
125c
——
.r-'
■
.
Name of Company
;
McLeHan
Canada, Ltd.—
Gypsum Lime & Alabastine of
Holder*
Payable oi Reo,
Share
y
,,,
When
Per
,
Name
CHRONICLE
FINANCIAL
&
—
20cv,i;tf IslO n . 12-27'?
r
$l.T2'%P->
'li'1'51 ^
"Volume 167
Number 4661
THE COMMERCIAL
&
FINANCIAL
CHRONICLE
L
Per
Name
of Company
Southeastern
4.48%
preferred A
Indiana
preferred
New
Southern
Vulcan
(quar.)
12-31
Ware River
1-15
12-31
Warner
Brothers
$30c
2-16
1-20
Warner
Warren
$$1.50
1-15
12-19
15c
1-15
12-31
(quar.)—.*—
Electric
Telephone
pfd.
preferred
A
&
(initial)
55c
cq
35c
Common
Partic.
conv.
2-
(quar.)*
12-15
West
2-20
Western
$31 >/4C
preferred
Prticipating
12-31
4-
$25c~
:—_—
*
Radio, Ltd., class A (quar.)__—__
B
Standard Steel Spring Co. com. (year-end)—
4% conv. pfd. (quar.)—
_____
1
1
1
4-
33-
1
class
3-
1
1
5%
A
12-21
5%
12-21
Western
1-
6
12-15
50c
2-
1
1-12
60c
3-11
3-
2-
preferred
1
5%
1
Steel
Works
Co,
0 7%
of
Wheeling
5V2%
1
1-10
1-
5
11-28
1-
5
11-28
—
$75c
2-
2
1-
7
(quar.);—________—___
Participating
Steffi (A.$ & Co.
Sterohi
2-
50c
$43%c
2-
2
1-
7
Whiting
1-
7
Wichita
River
(quar.)
com.
Bros.
Sterling Electric Motors,
conv.
Bros.
12-20
Wichita
Union Stock
1-10
12-29
Wichita
Water
Wisconsin
1 -10-48
12-31
1-10
12-31
6%
50c
1-14
12-29
Wool
Textiles, 4% %' pfd. (quar.),__
B.) Co., common _J_**.l***v*
Stern & Stern
Stetson
10c
:—___
56c
(John
8% preferred
Stewart-Warner
Stone
_
—
(s-a)
-
:___—
'Corp.
4-
1
v':v
3-15
Increased
1-15
12-31
12-31
Wrigley (Wm.)
Monthly
Monthly
25C
*__*_*_______—,**_/
1-10
12-11
Corp.y
20c
(s-a) „**_.—_**_***_*_:_-'
$2.50
Ltd. pfd. (initial) —:
tl21/20
1-
25c
2-
2
1-21
$1
1-
5
12-23
1-24
___
Studebaker
Corp. „.—*,__4_*_*_,,
25c
Sun Oil Corp. com. (stock
dividend)________
10%
4'/2% Class A pfd. (quar.)
$1.12 (4
Super Mold'Corp. (Cal.) (quar.)—d-—„
50c
Superheater Co. (quar.):
25c
2-
Supertest Petroleum, Ltd.,
Yellow
1-16
1-
1-30
common
$1.50 preferred B (s-a)
Sweets Co. of America
«
Extra
(s-a)„_
1-
preferred
Teck-Hughes
Tennessee
$2.40
Gold
Corp.
Thatcher
convertible
Thomaston Mills
Quarterly
Thompson
Thor
Ltd.
preference
(increased
cash
■
Stock
Tobacco
*
Trans-Lux
Co.
;
..
Union
La
Salle
•Transfer
tPayable in U. S. Funds, less
JPayable in Canadian funds,
$4.50
$3.70
1
12-17
2-
2
12-
9
12-
Co.
of
2-15
&
Share,
$3.50
convertible
United
Corp.
United
Drill
Class
United
B
(Del.), $3
&
Tool
50c
1-10
12-31
1-10
12-31
■
5
3-
1
$1.0614
_
Co.
1-
6%
Public
1-15
4-
Foil
Class
U. S.
U.
U.
Co.,
B
Co.,
Miscellaneous
1-
Participating.*
Plywood, common
1-
3.
Corp.
1-12
15c
22-
1-
1
(s-a)
1-15
23-
1
2-
2
1
2-16
2-
2
1-15
50c
3-
1
2-16
1-10
12-20
(quar.)
1-
5
1-
5
62y2C
Universal Leaf Tobacco
New
Upson
common
Walton
1-15
Vagabond
Coach'
Valley Mould
&
1-
6
2
*
6%
preferred
c6% preferrfd
6% preferred
1-30-48
at
the
tax.
Net
1-10
1-20
Co.,
2
Net
5
Total
1,152,178
revenues
Dividends
$2,360,066
128,261,956,869
;,;:l Balance
95,235
1-15
1-
9,365
90,907
30,297
56,089
32,826
31,957
972,200
1,048,557
$1,833,616
273,377
341,719
Total
$1,503,880
$1,491,892
Net
50c
1-15
12-20
87y2c
1-15
1-
5
37'/2C
1-
5
based
on
1-15
1-
17
voted
a
a
share
of
25
paid.
was
that
are
the
and
having
Balance
1947
dividend
of
holders
of
to
share
a
for
60
cents
benefited
record
Dec.
1946
a
three
total of
from
the
broader
line
and
A
during
-
-
v
.
CONSOLIDATED
Income, before taxes
1
minority interest
on
income
...•
:
*
P.
:
—**__*_:__
$8,714,518
$8,543,787
5,998,919
$14,810,021 $14,542,700
3,852,360
Air
stocks——*____*___
1,564,187
1,683,220
dividends and surplus—1
$9,383,475
$8,693,373
income
Lines,
■
and
excess
Inc.
—
profits
in
the
Manager
Air
United
Cargo
Air
same
month
cargo
of
Lines'
$2,864,300 in;
Operations
air
In¬
operations
cargo
.sales.
last
ton miles—including
cargo
of
"
increase
over,
taxes
508.
p.
*•';
•
4,166,108
$10,947,662 $10,376,599
air
year
announced
was
freight and
air
by
express—
an
United Carbon Co.
(& Subs.)—Earnings-
9 Mos. End. Sept. 30—
after
Fed.
and
1947
expenses^
1946
1945
Net
1944
$5,466,374
$3,697,096
$3,935,717
1,501,000
1,250,000
902,000
depletion—
and
855,009
2,196,814
2,108,867
1,417,851
1,571.299
19,697
$2,317,646
$2,107,507
$1,377,245
$1,489,724
1,193,655
895,241
895,241
895,241
$1,123,991
$1,212,266
$482,004
$594,483
,397,885
+$3.46
397,885
inc,
profit
,Common
•■/
$6,015,460
tax
State
Minority interests
—*
dividends
—,
12 Mos. '47
1,129,737
Surplus/
Shs.
1,659,533
10,650
10,650
$644,370
$2,227,591
—^
stk.
com.
Earnings
3,897,774
474,717
10,650
*_
Federal
November
•Profit
SUMMARY
-
1940
estimated total of
1,760,607, a 31% gain over the 1,343,059
November,
1946.
Also,
United flew
an
estimated
608,287
air
ton
miles, down 19% from 750,992 in the same month a
year
ago.—V.
166, p. 2605.
J
1,248,900
*
1947
$41,546,068 $37,785,653
32,S'31,551
29,241,860
—
$2,822,900 in 1946.—V. 166,
Bickley,
reached
$9,218,698 $20,137,627
2,943,590
in
ALONE)
mail
'
9 Mos. '46
$15,516,470
and
income—estimated.
•Minority interest
2
on
FINANCIAL
9 Mos. '47
$8,542,630
$5,987,100
6,095,504
common
•
•
of
of
of
'
COMPARATIVE
Taxes
for
November's
gasoline-powered lift trucks now
company
is
now
rendering factory repair and
Cleveland, New York, Camden* N. J., and Balti¬
Period Ended Sept. 30—
.' ' .
Net sales i_„
12_—___________
taxes
(COMPANY
taxes***
preferred
substantial
M.
of
Co.—Earnings—
STATEMENT
revenues
creased—
1947,
■/.;
Trane
$9,464,358
profits
revenues
on
United
a
v
has
surplus
excess
income
Dividends
company's
1947
sales
and
profits
will
year's figures, according to Laster M.
Sears,
"While
rising costs have retarded profits to
adaptations
and
and
1946.
income;
deductions;—
,5$3.77
been made.- In
..
in
and
operating
outstanding Sept.
1946—364,548 shares.—
year-end
254,727
Gross
the
business
new
'
cents
income
stock
common
outstanding Sept. 30,
capital stock, payable Dec. 29
dividend
makes a total of
$1.35
extent,
\
12-16
~
Dec.
.
revenues
•Includes
on
dividends
common
Federal
Non-operating
C:[Including subsidiary/ Trane Co. of Canada, Ltd.]
12-16
1-15
stock
272^286
$14,669,839 $14,346,769
3,641,295
4*120,913
*
_____——_________
expenses
Net
1946
$14,397,553 $14,092,042
*
12 Months Ended
Sept. 30—
*Oper.
173,278
$3.80
1947
$57,882,906 $53,084,340
43,485.354
38,992,29a
taxes****
revenues
$5,955,800
Operating
;
Deprec.
•
12-20
12-16
"
.___.
(INCL. SUBSIDIARIES)
__________—;*____
INCOME
86,559
STATEMENT
_____—_____L__'_**____*_______ $11,028,545
$10,225,850
pfd. stocks of company
*_
1,564,187
1,683,22G
for
and
12,408
paid
on
72,301
S.
2
62 V&e
50c
dividends
income
•Includes
188,088
-
1-2
17y2C
Net
$3,316,935
tax
$960 233
Missouri—Earnings—
INCOME
deductions
1,210,864
*
$42,733
loss
and
income*****—__*_-—
13,834,451
*—
876,422
Ended Sept. 30—
operating
*
11-21
1-15
profit
operating expenses and
Gross
1946
$3,065,740
*
4,014
160,423
Non-operating revenues, net
are
continuing in satisfactory volume to a wide
range
of
industries/ and despite dollar limitations and
tightening of
import
restrictions
throughout
the
world, foreign orders are also
holding up well."—V. 166, p. 1828.
1-21
1-
to
10,265*
3,809
802.
p.
Months
•Total
Inc.—Earnings—
—_
227,341
7,582
;
income
011
income
Operating
"Sales
U.
1-10
2-
25c
1
taxes
166,
12
12)
page
185,334
debt
debits
...CONSOLIDATED
1947
taxes
income
being offered.
The
rebuilding service at
1-15
1-20
funded
on
34,724,
$2,078,274
I
Non*
source.
7%.
the
on
cents
more.
1-15
1-30-48
75c
per
•After
(no
par)
share____
795,770
397,885
$2.91
deducting manufacturing,
,
$$5.30
selling,
general
and
$$3.7*
administrative
expenses,
■
.
Net
25c
Co
2-2
1-12
15c
3-12
3-
lc
1-15
1-
2
1-10
1-
2
$1
$1
1-
5
1-
$2
1-30
12-31
3-
1
2-
s
2
income applic.
shares
income
,
2-11
per
to
com.
stk.__
$1,684,040
outstanding—
common
300,000
share——*
$631,524
.
.
.
$5.61
1-15
Total
I"
5^
37 %c
2-
2
37 Vic
5-
1
8-
2
7-15
current
liabilities
•'
$6*982,918
:
Working
4-15.
37»/2c
assets—
,1-15
.Ratio
Book
.
—V.
capital *_*__^*——/*_:*—*—_*/
©f current assets to current liabilities*.^ - 1
value
per
common
166, p. 1726.
share
2,388,846
4,894,072
t
-
-
2.92-
22.45
in
$4,567,462
1
1,409,849
3,157,613
--
BALANCE
SHEET
SEPT.
30,
1947
ASSETS—Cash,
$7.43
-
adjusted basis to give effect to the two-for-one split in
May,
earnings per share are $2.65 in 1946, $1.73 in 1945 and
respectively.
1944,
CONSOLIDATE®
.300.000
$2.10
..
current
these
$2,227,591
300,000
....
an
1947
$1.87
12,846
STATEMENT OF SELECTED BALANCE SHEET
ITEMS, SEPT. 30
,•>
I •
=
\
" 1947
■
1946
Total
...
$1,684,040
,
50c
,
;
—*-*
*
•
)
—
$On
1.
'Of officers and employees'
preference stock of subsidiary, represent¬
ing maximum participation of 25% of par value.
'
1 -*
1-15
1-23
50C
(quar.)*
Net
12-24
50%
^
Net
Common
12-20
5
income
Preferred, dividends
1
50c
(extra)
(quar.)'_*__*_1'
(quaf;;).,*:—__
(quar.)
non-residents'
debt.:**
discount
deductible
$2,043,550
29,289
$399,880
funded
of
1946
$370,592
income
on
tax
$1,777,257
Common
accessories
1-15*
75c
Valspar Corp., $4' conv. 'preferred/ (s-a)
Van. Raalte- Cos (stock,
dividend) _i—
Neyf common (initial cash dividend)—*
Vtrginian Railway-afl".
Gross
'
Federal
expense
Indications
12-19'
2-
25c'
Corp;.'(extra)____
VortieSitesPCahiaguey<Sugar
1-15
'
707.
p.
The
some
50c
quar.).
Mfgr Co/ (year-end)"
Iron,
1
1
Miscellaneous
—
moderately exceed last
President, who added;
12-19'
$1
Oil
Mills
23,
12-26
1-6
50c
_______
(initial quar.)
Co.—.1*:
Utica & Mohawk Cotton
Operating income **_*_-_-_*_-**_f;_/_^___
Non-operating income
1-15
—V.
expense*.
directors
share
1-15
50c
(accum.)
Co.—
2-
1947
$11,864,854 $12,077,665
11,434,263
10,034,115
taxes
1-15
dividend.
expense
previous payments
12-23
50C
(quar.)
Utah-Wyoming Consolidated
The
—
(quar.)*
1-15
2-1
&
12-20
Towmotor Corp., Cleveland—Year-End Dividend—
12-23
.
1-30
Wallpaper, Inc.—
preferred
1
Corporation and
earnings per share
1.947.
166,
75
$1.02
93yac
.
.___*_
convertible
1
2-16
%
.■
preferred
5
2-
profit
•1946
V.
1-15
3-
$2.50
*__
j.
convertible
12-
—_
1-15
,
70c
20c
131 "4c
Balance available for. common shares
Earned per com. share (on
395,709 15/20 shs.)_
12-18
2
50c
United*Shoe Machinery, common (quar.).
6%
preferred (quar.)-United Stockyards Corp;—
"
'
4%
expenses
2
1-13
53c
<—
Operating
debts*
for Federal
Preference
1-13
1
53c
U. S. Smelting
Refining & Mining, common*.
7%
preferred (quar.)
United
Provision
1-15
50c
Shoe
Extra
1
50c
Corp., 6% pfd.
U. S. Rubber Co., common
.
2-
58y3C
(increased
7-20
12-31
30,
(initial)
7-31
;
—__*___.
corporate
Miscellaneous
12-31
58y3C
<<Extra
U.
8
bad
Development
1-15
75c
(quar.)
for
12-30
■+
1-15
87%C
Inc.——**
Radiator
profit
Subs.)—Earnings—
revenue
■
479.
p.
Ended Sept. 30—
Operating
——
Provision
Net
(accum.)
Months
9
1-20
4-20
Canadian
expense**;
(&
■
1-31
4-30
15%
Manufacturing
,/V*
157,
$3,194,001
12-39
8
-Am
a
37V2c
2
1-31
•
of
37Vic
—
Modernization
1-
Corp.—To Pay,,U$5.5Q Added Dividend
will
Twin City Rapid Transit Co.
1-24
1947
1-31
(resumed)
common
1
3-20
$25c
Corp.—
S.
operating
1-31
(resumed)
Leather
U. S.
12-31
1
50c
class A
12-29
2-
settlement
15,223,016
Othexiincome
2-16
50c
Industrial Chemicals,
S.
Net
1
2-16
65c
(quar.)
3-20
1-15
Products
corporation
Amortiz.
this
•
plan, comprising'-one of
the'-largest policies of its kind
industry, will be underwritten' as' a 'tinit
by Connecticut
163, p.-'25C5;'"" : '
1
-37'/2c
*
—
87V+c
(quar.)
$2.04 preferred (accum.)
$1.87 preferred (accum.)
United Transit
Co., 5% preferred
U. S. Fidelity &
Guaranty (Bait.)
Increased
:
U. S.
6-
Corp.—
Canal
Glass
sales
92'/2c
(monthly)
Utilities
4-1
25c
2-20
tax..
Interest
(quar.)
preferred
Jersey RR., &
New
of
2-16
(monthly)
(monthly)
prior
tax
Selling and administrative
1-15
Light & Railways Co—
preferred (monthly)
prior preferred (monthly)
6.36% prior preferred (monthly)
United
1-20
'
3-1
tax.
for
employee service program
offers its personnel
insurance pians ever
economical group
accumulate its earnings
beyond tne reasonable needs of its business.''
The proposed
settlement,
to which there was. no
opposition, provides for the payment of
$3,309,119 on the 601,658 shares
outstanding.—V.
12-24
2
Im¬
Insurance Co.—V.
12-23
9
6-15
62'/2c
prior
United
Cost
12-31
10c
6.36% prior preferred
6% prior preferred
-
a
Sales, less freight, discs., returns & allowances* $19,499,620
$17,346,695
2-16
•12-20
1-15
$1.75
7%
i
:
1-24
$$1.75
(quar.)
Fruit
2-
.
25c
Twelve Months Ended Sept. 30—
25C
A
1-10
25c
25c
(Continued from
Thatcher
9-16
3c
(quar.)
cl.
1-15
Investment News
>
12-15
$1.50
(s-a)
60c
in
2
v.;
$40c
Inc. —Adopts
pay an additional $5.50 a-, share in dividends
-minority stocxnolders' sUit approved by Supreme
Court Justice Bernard
Botein, it was announced on Dec. 22.
The
company has been paying $2.50 a share
annually in dividends.
A minority
group of stockholders had charged that
some directors of
the company had "caused the
corporation to
1-10
1-
2
1-
United
7%
1-
60C
*
pref.
Corp.,
income
of
an
company
and
employees anywhere.
Union Electric Co. of
6-23
!*__*______'
preferred
resident
/ 3-23
*
Stores
closed
Genera!
$1.12 y2
Ltd.
Cigar-Whelan
15%;
British
6-15
$10c
United
Less
a
3-15
1-15
50c
Bond
1
8
(quar.)
1-31
•
Trans World Airline's
Jan. 1 when the
Settlement—
This
1-31
4-
•'6-25
,l
8
(quar.)*;
preferred
$1.50
:i
3
Missouri—
preferred
tax
income
not
over
Albany,
stock.
Vernon,
complete
airline
airline
Trko
in
2
1-31
4-
$3.50 preferred (quar.)*—
Union Sulphur Co* (quar.)**.*
United
resident
4
1-
2-15
7-
;_*.———__*
Electric
1-15
1-15
••
most
whole
the
Interest
12-19
9-30
Corp.
1-
'
*—__—
12-19
25c
(quar.)_—
Street
The
in
12-31
$2
;—i^***!***-*^—.-*—_i.**_**_**;
Jamaica
common
1-20
1-15
$1.75
to
accomplished
the
General Life
1-20
25c
,*h
12-12
15c
Corp.
"
1-15
25c
Co.
6
25c
Corp.
South
2-1
15c
(monthly)-_*:*_*-*__
6
25c
Troy & Greenbush RR. Association (s-a)___
Tobacco, 7% preferred (quar.)
Udylite
2-1
50c
•
Co.—•:
1-
—
Tuckett
208
50c
._*_,_*.***
+37 Vic
$1
Products
Manufacturing
2
;
•
(quar.)
—.————
Export (year-end)
Toledo Edison, 414%
preferred (quar.)
Tonopah Mining Co, (Nevada)
Towle
1-21
-
books
preferred
turn
and
166, p. 1156,
written for
*
*_______
J.
2
pfd. (s-a)
(quar.)________
1-
10%
———
_*_■_
2-
:_***—
1-15
60C
—-4-w
—
'*
$1
—;
********
30%
Wash.,
wi 1
12-12
50c
Tishman Realty & Construction Co.—
Quarterly
Quarterly
Quarterly
1-
1-15
50c
■
dividend)———
dividend
1-15
1-21
preferred
Less
Kent,
Pictsweet
The comprehensive
insurance
program, perfected early in November,
supplant a cumbersome system in
which'
responsibility was di¬
vided among two insurance
companies and the airline's own
Employees
Mutual Benefit Plan.
3-18
2
6%
15C
common—.—,____
'
.
12-22
1-14
1-5
2-
be
of
one
1
2-
(quar.)**********i.**^'****
25c
—'**—————__,
Products, Inc.,
$1
preferred
x
convertible
subsidiary, will
at
of
major addition
will1
1-31
$1.37V2
*******
C%
$5c
—
—
(quar.)
(quar.)*:
<quar.)—_*__—
—
Corp.
(interim)
common
4-
J20c
1-6
$1.25
Mines
Mfg.,
1-10
$1.25
<
*_*_1_**_*___
75c
(extra)*——*_*_
Glass
A
1
*.:*—_*—*i.__*_*
preierred
plants
Transcontinental & Western Air,
proved Employee Insurance Plan—
1
_.,***—_____
25c
(quar.)
2-
2-
1-15
$75c
—
1-15
1-20
$$1
—:
—*,—
2
2-15
Cab
Extra
2-
2-15
(quar.)__„*___-*
...
12-15
50c
(quar.)*
.
12-15
5
-'.+25c
$31V'4C
Tacony-Palmyra Bridge—
5%
9
1-20
5
75c
Zeigler Coal & Coke*__**_**_***_****__*__*
tellers, Ltd., common (quar.)
12-30
2
2
1-
1-
>
convertible
5%
Transamerica
President of Capital Co.,, said the
acquisition
Pictsweet common would
give his company about
in
Pictsweet, whose headquarters are at Mt.
interest
18%
$1.25
(quar.)l*'**
Machine
Pictsweet
new
a
lood-freezing
Woodruff,
shares
Vath.— \i,
Yards— 4%
Jr.: Co.
of
snares
Capital Co.
.
D.
12-15
com
6%
■
E.
12-15
!___!
——*'■
Power
this
said his company would
it would receive from
Transamerica to finance ex¬
indicated the company's 1S47 sales
would
be
around
six times prewar sales.
1,600
1-15
2-
common**********
pfd.
8,250
two
He
1-15
31 Vic
6%'convertible preferred
2
12-31
75c
Co., common (quar.)
6%; convert ble preferred (quar.>_*__*_■_**
12-31
12-19
1-15
25c
quar.
Yates-American
9
12-27
1-15
—
***-;
1-
5
1-15
(quar.)
Corp.,
(extra)
7%
Electric
preferred
1-15
Container
common
-*—*_——
Co.
adjoufned,
$825,000
$50c
Combing Corp. of Canada, Ltd.—
$1
Stony Brook RR.
Stovel Press,
Strawbridge & Clothier, common*—.-,
Stroock (S.) & Co,
(irreg.) *********:.
Oil
50c
*
——.-**_*
$12,000,000,
50c
(accum.)
9
50c
pansion.
1-19
:
(year-end)
1-
50c
Stem
pref.
Corp,
$1
—_
common
prior
2
—_____
1-19
(s-a)**—
(quar.)
Machine Corp.—
pref. (quar.)
2-
.
12-12
•
been
Co.—
Sewing
$4
the
use
5
$1.12V2
again
exchange for 1,600 shares of
brotnenon, President of Pictsweet,
2-16
.
prior lien
$2
in
L.
ei.
2-16
i40c
Ry. Co.—
preferred (quar.)
$31(40
—,_**___——,_*__*—__*.■
(year-end)
Stores, Inc. (extra)
4%
White
Ore,,
2
$35c
com.
Stationery
Coaj Co.
1-
1-
meeting has
foldings—
$100.
par
Pictsweet,
12-12
Lake'Erie
&
$10c
Ltd.
(quar.).-•**
quar.)_**_-
&
convertible
;———
Canada,
partic. pfd.
1-15
12-26
purcnase
to
$1.50
:
(quar.)
Paper, Ltd.,
—*_■_
qquar.)__
$1.25
(quar.)*
*—
preferred
'50c
Stanley
Securities
A
Tablet
Westminster
1-10
$15c
12-31
-
Westmoreland
(quar,)————
stock,
1-15
25c
(accum.)
(quar.)
Pacific RR.,
Western
1-10
1-10
2oc
*
will
1-24
$20c
—.—
-■
'
Stanley Brock, Ltd., class A
'
Class B (quar.)—
1-19
1-24
2-10
$1.75
preferred,
Telephone
1-15
$1.06'4
(quar.)
pfd.
$10c
Standard Wholesale Phosphate & Acid
Works,
Inc.
(quar.)
6%
(quar.)
Light &
Extra
$10c
_*
Electric,
Insurance
$2.50
Western
4-
Foundry
annual
1948.-
An
2-/1
___*
$1.40
Ltd.—
$25c
Steel
1946
21,
agreement whereby this
corporation will acquire a
minority in¬
terest 'in Pictsweet
Foods, Inc., which has 12 plants in
Washington,
Oregon, Montana, Idaho and
California, was announced on Dec. 1&
by Sam H. Husbands, Executive
Vice-President.
The
agreement, subject to final closing, provides that Transamerica
5
12-31
2
Jan.
Increases
12-19
12-
until
2-10'
(quar.)***—*—
Power Co., 414%
pid.
Breweries, Ltd.***
Grocers, Ltd., class A
preferred
(quar.)
Western
Western
1 -15-48
pfd.
Penn
1-15
1
$5
preferred
1-15
3-
Co.
2-
37Vac
15c
Penn
7%
2
40c
67Vac
7
time
$1.12V2
—
2-15
$1
1-15
Extra
1-13
1-5-48
$3C
$3c
■
1-
1-5-48
30c
Brothers
Michigan
West
Standard
Class
$3.50
37V2c
——*
___________
1-15
t
12-31
adjourned
1-10
1-20
The
12-31
1-20
(s-a)
(quar.)*.
Weatherhead
1 -15-48
933Ac
Materials,
Pictures
12-15
1-15
1-15
West
(quar.)
Paving
RR., guaranteed
1-15
$1
Co., class B (quar.)__*_*_
Light Co., common (quar.)
preferred
(quar.)**
$4.25 preferred
(quar.)
Waterous, Ltd. (initial )_*
1
47
Tiansamerica Corp.—Meeting Again
Adjourned—
Payable of Rec,
35c
(quar.)
12-31
$1.50
—
1-15
25c
Co
2-
(87)
Holder•
$2.50
—*
$4.50
*_**__***—*__*
Standard Dredging, $1.60 conv.
Fruit & Steamship-—
(accum.)
Washington Gas
Co.—
$1.20
(initial)
5
When
Share
pfd.
Company
—
1-
Standaid
3%%
4Va%
Detinning Co., 7% preferred
Wagner Electric Corp. (extra)*—*
1-15
Quarterly
Springer Sturgeon Gold Mines (initial)
Squibb (E. R.) & Sons,* $4 pfd. (quar.)
Standard
Company
Corp.
Vulcan
5
37 Vac
(quar.)—
Iron
Mines
1-
1-31
Roofing Co
Southwestern Associated Telephone—
$2.20
preferred
(quar.)—___
i
Southwestern Life Insurance (Dallas) —
Stadacona
12-24
28c
(quar.)
England
States
1-15
1-31
___
pfd.
Co.
&
Per
Name of
37 %C
6%
Power
Gas
Holders
Payable of Rec.
15c
37V2C
__
(quar.)_"
Co., Ltd.
(quar.)
preferred
Colorado
Southern
Southern
Gas,
Power
Southern
4.8%
(initial)
(quar.)
Canada
partic.
Co.
common
(quar.)____
California
Southern
6 %
Service
pref.
conv.
Southern
6%
Public
California Edison
Southern
When
Share
1
■
$3,255,532; U. S. Treasury bonds, $3,000,000; ac¬
counts receivable, $2,970,567;
finished good§, $313,971; material and
and supplies,
$1,020,502; investments, $1,291,397; other assets, $459,-?
171;.' land, buildings, equipment, wells, pipe lines/ leaseholds,
etc.^rat
cost,
(less
751,565;
total
reserves, for
trade
marks,
depreciation
contracts,
$26,390,080.
LIABILITIES—Accounts
for
Federal
and
State
3.24
gencies and
taxes,
16.54
$11,952,538;
earned
1621.
and
etc.,
depletion,
$1;
oh&rges,
$327,374;"
' tm 'v.'iM
payable
income
$2,031,637;
surplus,
$27,306,758), $13,-
deferred
•
and
taxes,
accruals,
$1,891,523;
common
$9,221,672;
stock
total
$1,292,710;
reserve,
(795,770
no
provision
for; contin-.
par
$26,390,080.—V.
shares),
166, p.
•
48
FINANCIAL
&
THE COMMERCIAL
(88)
CHRONICLE
Monday, January 5, 1948
''
-V.
1947—3 Mos.—1946
1947^—9 Mos—1946 .
$18,538,901 $19,737,630 $55,876,885 $55,881,496
Period End. Sept. 30—
♦Net
sales
Profit
—
from
and
store
1,850,362
222,821
'2,455,691
625,163
882,906
149,536
535,101
agency operations
Deprec. and amortiz
461,760
profit,—
$312,280
$733,370
35,864
Drl8,155
$1,993,931
51,804
$1,225,199
met)—-
etc.
74,305
income
Subsidiaries
Total
Operation
Power
Gas
$2,124,796
507,735
272,417
Total
$348,144
23,887
debt-
$2,045,735
64,172
$1,299,504
185,434
$715,214
61,319
-
long-term
on
taxes
wartime
272,900
58,500
(est.)____.
from
Trans,
Net
postwar
Other
contingencies
53,489
.97,397
Surplus at
periods
4,182,269
3,813,661
-
taxes—
186,680
170,590
239,890
233,380
....
126,900
120,069
166,935
158,662
20,309
20,309
27,079
27,079
$4-12,768'
$372,098
$554,257
42,555
.
sales and exise taxes.—V.
♦After deducting
Bal.
4,236
4,280
5,637
5,738
$417,004
$376,379
$559,894
$481,936
14,103
6,358
15,331
V8,097
$4,735,645
135,949
other deducts..
Util.
Res.
Net
1947
$1,989,132
1946
$2,051,910
774,000
817,000
Estimated
net
$370,021
-i
$544,563
profit—
♦Extra provision
for
6,097
22,294
class
per
share—
B
—-
increased replacement cost of machinery and
equipment as compared with pre-war cost, the board of directors has
decided that an extra reserve for replacement of facilities should be
♦In view
of
the greatly
tion
which
tax laws.
above the regular depreciation deduc¬
now
the maximum amount: allowed under the income
the company's plan to continue this policy until further
earnings over and
set up out of
is
It is
notice.—V.
166,
United
2605,
p.
Electric
Coal
Cos.
General expenses
53,fc22
61,608
Taxes
20,795
31,849
income
.—
—V.
165,
A
this
of
deducts,
holders
2,
class
liquidation of the
in
A
250,356
244,533
219,218
2,238
1,168
12,144
77,314
Cr2,819
Crl,784
Net
314,800
131,400
209,000
317,600
Cost
—V. 166, p.
$221,391
.
excess
stack
plus,
T'.
'
after final
reserves
from
Net
ry.
reason*
it i* not always
companies in exact alphabetical
are always a* near alphabetical
mechanical
arrange
156,
2311.
p.
'■
;
Period End. Sept. 30—
—V.
and
sold
income-
other
52,346
194,709
$1,186,082
$552,922
$2,270,946
will
1947—12 Mos^-1946
163,267
113,651
450,844
$1,431,460
27,848
27,848
37,130
137,844
543,855
387,130
86,533
381,388
——
Cr 15,180
and
Fed.
State
1,082,034
1,660,482
com¬
sur¬
,
1946
.'►•>.••1945
950,216
$6,£'47,253 .'. $8,
3,
73,325,047
13,503,516
9,091*391;
T
84,609,282:
87,084,799
29,177,089
>8,221,818
6,034,922
33,482,489
8,267,600
,
$2,513,916
$2,289,178
$3,301,594
of
259,986
$2.00
$2.59
259,986
296,431
432,624
407,689
$2,823,541
$2,585,609
$3,734,218
Cash
557,721
682,201
763,597
reserves)
—
201,920
274,378
90,651
204,555
70,022
6,234,939
267,748
Advances
115,053
Federal
to
2 Vk
&
Co.,
3,666,899;
——
Incorporated,
re¬
Y.
convertible
21,
of
Morgan
stock
Dec.
on
from
$5
$3
outstanding.
The
into
1948
of
shares
to, -but
up
five
acts
•
not
shares
of
stock,
common
Incorporated,
increased
stock
1'947.
31,
from
to
the
change
share,
per
par
company
incorporation on Dec.
was
voted
29
$3
to
such
of
par
transfer
as
.*•/;_ ;
;
in
value
par
of
the
and approved the issuance
exchange for each $5 par
filed an amendment to its certificate
The number of authorized common
1,700,000.—V.
1,200,000 to
.
2605.
166, p.
is
company
shares
share
offering
of
for
subscription warrants
The
Auchincloss,
111,667
116,667
Nolan,
105,985
105,985
son,
expire
its
held
of
Jan.
on
stock
common
per
a
1948.
13,
85,009 '
^
at the rate of
Dec.'26, 1947.
thare
r6cord
•;'
•
entered into an
agreement with a group of
First Boston Corp.; Alex. Brown & Sons;
Redpath;
Johnston,, Lemon & Co.; Folger,
Goodwyn & OldsT Mackall & Coe; Ferris & Co.; Robin-,
headed
990,217
shares
will
of
$20
at
has
company
dealers
8,100,729
______
stock
-
five
each
new
7,090,429
holders
to
common
one
3,763,322
.
additional
Co. —Offers 85,000
Light
stock to present holders of common—
common
The
—
*.—
terminations
suppliers (est. not current)-
Accounts
Jan.
on
instead
P.
J,
Co.,
&
N,
is
Payment
*-■►,
shares
The
(less
etc.
advances,
business
Morgan
York,
stock
$3,
par
stockholders
two
additional
$1,490,405
7,464,292
(less reserve)—
receivable
receivable,
P.
1948,
26,
preferred
' '
$1,457,966
-
accounts
i
Dec. 31,'46
Sept. 30,'47
Inventories, at cost or lower
receivable—war contract
and
...
-,J
-
'
accounts
Instalment
$3,301,101
495,501
'
J.
New
Jan.
on
convertible
dividends);
accrued
7'-
shares of
,
of
St.,
Washington Gas
: $5.23
y
BALANCE SHEET
CONSOLIDATED
of
cumulative
(including
preferred
Redemption—
redemption
$1,391,227
$770,359
259,986
$0.40
COMPARATIVE
$2,893,412
309,625
—
*"$553,109
259,986
close
stock,
office
Wall
for
3%%
its
of
3%%
formerly.
The
of
Cr89,412
$387,669
sh.——
the
23
of
called
26
share
per
at
agent,
the
as
share
outstdg.——
Earns, per com.
shares
50,000
Corp.—Partial
Dec.
on
$106.59
common
888,078
505,888
Petroleum
Change in Capitalization Approved—Stock Split-Up—
i
for¬
'ihcome—1—%
shs.
1,424,822
inc..
taxes
reserve,
1,737,637"", '2,051,311
798,417
695,229
86,058,346
agent.
89,412
15,181
——
——
—
inc..
37,130
exps..
gen.
$513,373;
securities
1260.
p.
$7,320,688
22,360,236
share
common
306,452
165,453
for
Nfet
$1,603,982
1,333,962
—
Federal
166,
governmental
general,
$1,304,800;,
$65,466;'.earned
surplus,
1947
income—_i..
made
be
Each
reconversion
taxes (est.)_
Special credit from post¬
war conting. res. (net)
$1,179,296
"
Total income
for
in
'■I
dividends
par),
$8,445,604
.
.
railway——
of
at
demption
$5,
other inc. chgs.
and
Postwar
Other
Provis.
capital
$7,529,354.—V.
<v*
,..
corporation
stock,
$2,972,888
-
$2,076,237
amortiz. of
property-;—
ASSETS—
Supplies and
other
and
and
($20
$1,000,000;
$7,529,354.
$441,231;
marketable
stock
railway——
oper,.
total
a
$2,847,800
125,088
84,074
—_
income
physical
Int.
Co.—Earnings—
$1,152,106
subsid
other
taxes
$26,742;
preferred
.income—
Warren
13,761,740 "10,792,537
3,236,463
2,748,568
$1,133,736
Com.
dividends
income
contingencies
166, p. 2605.
The
$5,020,007 $19,074,440 $16,388,904
$5,886,973
—
$468,848
costs
1947—9 Mos.—1946
maj. owned-
Total
total,
total,
accruals,
for
reserve,
$3,225,800;
par)
and
reserves—July
processes' and-
.
States Hoffman Machinery Corp. (& Subs.)—
Sept. 30—
1947—3 Mos.—1946
1947—9 Mos—1946
Profit from operations
Dividends:
Interest and
.
1947
1—
from
Gross
shares
Other companies
30,
write-downs)
expenses,$30,480;
for
reserve
railway....
Jan.
From
from
3,965,973
920,299
possible.
United Gas Improvement
stat.
.goodwill .(less
railway...!^.-;',; 2,269,743
oper.
ry.
goods
eign
Other
($20
from
Net
present
4,368,933
1,049,192
of
Prov.
Subsids.,
to
.
SHEET—SEPT.
payable
cumulative
November—,
Gross
Net
Deprec. and
However, they
as
t$'o,42
1
Wabash RR.—Earnings—
after,
position
32,258
$1.03
certificates
Net
sales.
Gross
to
BALANCE
reserve
$1,295,509;
their certificates at once in
receive the distribution noted above as well as previous dis¬
United
Int.
NOTE—For
,
$102,562-
tAdjusted to give effect
stock split in July, 1947.
;
common
prepaid
replacement
,7%;
B stock who have not received
tributions.—V.
$0.46
$0,51
$1.09
1621.
order.
and
$22,834;
$142,206;
corporation of 2e per share for
stock represented by liquidation cer¬
B
should
thereon
1
No.
$243,424
$0.40
$283,143;
$602,019
shr
possible
$189,563
161,290
and
1
Crl52
reserve-
requirements.
including
assets,
$491,393;
Period End.
taxes
com.
42,000
224,547
17,468
6,000
32,205
share-J.rfJu-u-l-w
.
dividend
;;
6,000
19,870
depreciation, amortization and obsolescence
September 30, 1947, $3,626,036), $858,527;
to
inventory
the
of
class
or
and holders of class
4 and 5,
to
order
$784,955
income
per
(less
payable,
is
3,
3
130,000
outstanding-
common
Charges,
$396,715
;
'
.ir.
liquidation
of
Sell., admin. & gen. exps.
Net
Earns,
replacement
LIABILITIES—Accounts
payable at The Commercial National Bank & Trust Co. of
New York, as agent, 46 Wall Street, New York, N. Y. upon presenta¬
tion of liquidation certificates.
;
■
" . ..
: . \
Holders of class A stock who have not
received distributions Nos.
$649,028
(net)
income
per
:
taxes..
____
"taxes—--.
IL
deferred, charges
Dividend—•;,>;Vv
'
liabilities
the
of
of
and
states:
distribution
share
tificates
miscel.
and
Inc.—Liquidating
stockholders
corporation
final
A
each
income
Fed.
income
inventory
shares
192$
34,290
.
5,89i
;
$448,235
\
all
to
satisfaction
$753,858
Deplet. and deprec.
Miscel, int.
J
41,227
■11*'''
Shipyards,
notice
$1,198,391
operations.
than
charges
preferred
intangible"
mon
19,072
from
Interest
Fed.
1946
1947
3 Mos. End. Oct. 31—
Profit,
1944
/
:
$298,797
2605.
United
;
$182,615
s
ment
$515,916
>69,073 ;//;79,018
59
/••:.>
$334,580
-
p.
33,024
$345,433
•
...
ASSETS—Cash, $2,435,400: marktable securities (amount at market
quotations $1,273,825), <$1,079,158; accounts receivable, $522,748; in¬
ventories, $1,417,747; other investments, $185,216;
plant and equip¬
'
income
distribution
1945
deducts..
other
and
Net
1,
Sub.)—Earnings—
(&
chgs.
—
CONDENSED
$558,537
Int.
$149,591
26,906
13,974
$392,315
$1,234,910
$2.30
$1,028,132
$1.87
Estimated true net profit for the period
Earned
—
--i!
Federal
of
$473,839;
cos.
$408,998
$1,234,910
replacement of facilities—
$1,215,132
187,000
tax
income
$286,074
59,359
income.—
♦After
1,
—.
30—
provision for Federal income tax_
govtl.
for
.♦Earnings
for¬
Total
Profit, before
for
Reserve
Corp.:
from
subs.—Dakota
Other
Provision for Federal
income
Total
United Drill & Tool Corp.—Earnings—9 Months Ended Sept.
—1
15,171
Pub.
divs.
and
mer
.
31,860
■
U.P.U.
to
$402,901
United
Int.
680,878
31,004
[---Jl,-
_.
Miscellaneous
Corp.
166, p. 413.
k
'
ac¬
income
applic.
•.
■
$476,197
plant
income..
income (net)
and
.....
$862,329
'
.---a-''
the five-for-one preferred
3,517,582
$4,931,577
127,667
$4,600,696
$4,041,985
pfd. stock
on
4,088,757
Int.
and
.
1,415,215
profit. V
Common
$1,219,063
$842,820
•(>■
$1,732,293
reserve-^—
income
Other
of
beginning
Total
Divs.
$418,427
$228,324
—-
smelting
;
1946
174,602
oper.
Crl06,250
—
profit
detinning,
operations—
and expenses—
sales
of
Gross
79,956
199,854
...
of
Gross
Net
Depreciation
of
r
.
1947
284,609
factory
Application
for
reserve
and
551,935
128,270
adjust.
quis.
762,500
377,500
669,185
356,241
72,747
income
Amortiz.
Costs
149,785
taxes
Depreciation
Prov. for Federal income
416,580
*
miscel
and
local
Federal
other
480,248
210,297
_—
purchased
products
$2,403,002
313,823
420,574
purchased
State,
of
$2,791,088
$1,814,521
375,454
revs
oper.
Federal
Int.
Quarter Ended Sept. 30-
Sale
Maintenance
Store,
Other
1947—12 Mos.—1946
1947—9 Mos.—1946
Period End. Sept. 30
1,'
^
United Public Utilities Corp. (& Subs.)— Earnings—Vulcan Detinning Co.—Earnings-
(& Subs.)—Earns.
Stores Corp.
United Cigar-Whelan
The
by
Parker
Inc.;
&
"
Other
deductions
69,649
-
refund
tax
claims
—.___————
Net
income
$2,053,836
fund
to
$2,707,617
$2,154,703
1,130
Income approp.
$1,735,317
1'085
1,130
1,085
$2,052,706
$1,734,232
$2,706,487
$2,153,618
,.$1.31
$1.11
$1.73
spec.
reserve
Bal. avail, for cap. stk.
•Earned per
share——
,
.
•On. 1,566,374 shares
erf
Total
COMBINED EARNINGS,
PERIOD ENDED SEPT. 30 (CO. & SUBS.)
taxes
12,513,080
11,195,877
16,562,366
$2,350,941
560,192
$2,536,513
$2,923,024
876,473
676,403
one
income
Federal
(net).
666,647
Gross
income-
$2,566,236
288,350
$2,911,133
343,747
$3,412,986
;
389,562
$3,599,427
491,859
———
$2,277,886
$2,567,386
$3,023,424
$3,107,568
Accounts
income
Divs.
prefd.
on
other
prior
min. &
stocks,
deducts.,
former
ints.—
670,771
781,979
887,718
1,028,854
$1,607,115
G.
I.
$1,785,407
$2,135,706
~
-V.
to UGI deducted above
69,649
income
deductions
other
"
•On
1,566,374
2,130,236
$3,275,299
107,458
1,869,641
$4,335,591
$4,055,813
770,835
851,377
1,027,731
1,147 483
$2,423,922
$3,307,860
'
$2.11
$1.65 '
shares
of
capital
$1.55
stock
outstanding
Sept.
earnings
Per
Financing in Connection With Proposed Expansion—
it
gram,
vote
announced
was
William
C,
on
Jan.
Dec.
16
on
an
$8,000,000
financing
pro¬
22.
Connecticut
Bell
erators
Bell,
Public
Utilities
Commission
and
by
company
stockholders.
said.
Proceeds
of
having
dividend
and
the
sale
will
general
be
used
expansion
for
of
the
installation
facilities.
of
new
Substations
gen¬
will
be
supply cables and distribution lines will be installed.
Some of the principal items of the construction program are already
enlarged
and
in
progress,
of
a
a
common
of
New
stock
Jan.
York
166,
p.
2666.
$3.59
Mr. Bell stated.
Among these he listed the installation
30,000-kilowatt turbine generator at the New Haven division of
the company and the installation of a similar unit at the Bridgeport
The New Haven project is expected to be completed and in
operation by next summer and the Bridgeport generator expected to be
available by 1950.—V. 161, p. 1030.
division.
purchase,
distrihute and sell gas for
and' other purposes within the met¬
Columbia
business lor. 99, years.
gas.
process of
changing/its
distribution, .of ..mixed
gas
to
and
-
the
►VT.
gas.
For
company
more
business
in
of. natural
from
thai*
the
purchase
and
^
" 1
i
for-the
figures
',
.
haS been declared
of
in
due-bills
:
,
on
must
to be
Dec.
be
redeememd
on
Dec.
each share
of
stock, $100 par value
>
■
(perviously
for the week ended Deq.
Inc.)
COMPARATIVE INCOME STATEMENT
;
1947—9 Mos.—1946
Period End, Sept. 30'—
Earnings—divs., int., etc.
$4,316,572
--L,
255,589
-■
1947—12 Mos.—1946
$5,014,366
316,019
;
$3,567,455
i
$6,010,590
$3,786,089
218,634
T,
the
over
1946.
V'.'V
294,413
——J—
:
$5,694,571
'
,
$4,719,95.3,
213,406.
212,141
279,574
278,504
$3,847,577"
$3",355,314
$5,414,997
$4,441,449
1,711,322
etc..
discount,
-
$4,060,983;.
I
1,711,322
2,281,762
254,821
301,117
355,124
$1,881,434
$1,342,875
—-—
for fractional shares),
on
Jan.
27,
•
•
_
.
•
pfd._ & .cl, A
Divs.; on
.
stocks:
•■
•
"
•
To
the
To
V.
See
1948.
income
Net
parent; and
Balance
com\
for
No.te)
to
Works &
tion
stock
the
,
i*'
•
,
401,561,
'
&
B
above
Sept,
.
income
30,.
Electric Co.,
account
is.
on
an.
$2,778,111
$1,758,126
historical, basis.
Sub¬
1947, the company's-parent, American Water
Inc., surrendered tq :the company as a contribu¬
paid-in surplus 52,411 shares of 7% cumulfitiye
shares of 6% cumulative, preferred stock, 4,470
($7 cumulative) and 165,742 shareai of; class B
(being all shares of class B stock then outstandingcom¬
in accordance with and 'subject to the terms and coht^gths of"-
to its capital or as
preferred
shares
pany
•
cl.
2,281,762
affil.
stks. & surplus
NOTE—The
sequent
-.•
public(see
cos.
;
29
presently
Electric Co.,
J
approved the plan of recapitalization
outstanding 5% cumulative pre¬
(with dividend arrearages totaling $82.50
per share) will be exchangeable for seven shares of new 4%
cumula¬
tive
convertible preferred stock, $25 par value,
and each share of
presently outstanding common stock, $100 par value, will be exchange¬
able for one new share of common stock, $10 par value.
The
authorized preferred stock was
increased from $2,000,000 to
$2,187,500,
and the authorized common
stock was decreased from
$10,000,000 to $3,0Q0,000.
At Oct. 31, 1947 the company had out¬
standing
11,5011-2 shares of preferred stock and 100,000 shares of
common
stock.—V. 166, p. 2605.
:
/
stockholders
which
ferred
&
•
24 directed that the common
T
'
.
issued
Water Works
Net earnings '—C--L
Interest, amort, of debt
from
common
(scrip
1948,
Co.—Weekly Output—
electric properties of this company
output of the
,
,
in. the
been
Expenses
Virginia Iron, Coal & Coke Co.—Recapitalizat'n Voted
The
.
1947, totaled 94,338,000 kwh., an increase of 10.07%
output of 85,701,000 kwh. for the corresponding' week of
Inc.—50% Stock Dividend—
received
Stock Exchange
all
that
23,
$4.50 preferred stock
Funded debt amounts
27,
$4,780,575
the
stock
be not quoted ex said dividend until Jan. 23,
1948, that all certifi¬
cates delivered
after Dec. 31,
1947, in settlement of Exchange con¬
tracts made prior to Jan. 23, 1948, must be accompanied by due-bills;
payable
has
American
1946
1947
this company of the- declaration
stock, of $10 par value, to holders
record at the close of business on Dec. 31, 1947,
been
50%
under
the
■
charges)———_ *$8,328,000
►—$5.61
(after
——
Van Raalte Co.,
Notice
and
President, said the company plans to issue 30-year
27/8%
debentures early in February to
a
small group of insurance
companies.
The financing program must be approved first by the
Mr.
•
Power
the sale of secur¬
ities and the liquidation of the Oceanic Steam Navigation Realisation
Co., Ltd.—V. 166, p. 1S33.
;■ v^
,•
.■;•••■
".V;
of
will
>.
share—
of
stockholders
Co.—Earnings—
Lines
9 Months Ended Sept. 30—
1947
of
stock.
.
subsidiaries
West Penn Electric
States
Consolidated
$1.86
30.
.
shares
preferred
$23,855,174 $24,408,377
——
common
com¬
the 85,000 additional
shares,
the
510,000
shares
of
common
stock.
quarterly; dividend of: 37'/2 cents per- shares which
payable Feb. 1, 1948.—V. 166, p. 2666.
$2,908 330
United Illuminating Co. of New Haven, Conn.—Plans
The
3,937,532
♦Including approximately $2,157,000 resulting from
«
1829.
p.
1,299,932
2,161,398
4,612,266
i
1526.
United
65,649
$2,577,364
——
Bal. applic. to cap. stk.
•Eaamed per share——
—V. 166,
1,406,313
$3,348,199
——
and
"■
83,579
1,671,435
Other income
Total
3,000,000
cum.
on
pfd. stk. of sub. appl.
Exps.,-taxes
————
6,959
2,990,000
the
to
1-2- months ended Nov. 30, 1947 showed
operating
revenues
of
$15,873,046- xand net -income of. $1,054,934,
During the period 1942-47, inclusive', the company has paid dividends
of $1.50 annually
on
the common stock.
Those who subscribe for
common ;stock
pursuant to this offering and who continue to hold,
such shares of record on Jan. 19, 1948 will be eptitled to receive the
200,000
1,299,932
2,163,666
—
surplus—
166, p.
'3,495200,000
it
Company
'
——3.—.—I.LL
Capital surplus——
163,567
119,084
.,
$4.25
of
engaged
been
year
/distribution
9,663
X.
—
be madded
part of its current construction
incurred in connection with this
a
outstanding" 60,000
and
'.•manufacture
808,668
.
$2,078,714
Coi.:
divs.,
v.a
contracts
will
shares
ropolitan area of Washington, comprising the District of
and
adjoining, territories in Maryland and. Virginia.
The
has
798,697
1,084,080
payable——
,—
liabilities——-———
Total
U,
uncollected
to
Appropriated surplus—reserve for inventor!
4V4% cum. pfd. ($100 par)———.
Common stock ($5 par)———
Earned
Deferred
applicable
directly to war contracts——:
credits
Deferred
Net
taxes
have
heating/ refrigeration
cooking,
,>"> '■;/'•;' '
.
the
of
the
sale- of
outstanding
tq
also
are
Company
t
690,194 V 1,000,372 '
account of
on
Non-current
become
receivables
instalment
Balances relating
Advances
Income deductions
1,592,45^- > 3>®2X,69Q,
sales
payable
year—
'
Other income
estimated ;■ to
taxes
within
company'.will
There
_——
"
\
sale
■
effect
Giving
3,Tand 40,000 shares
9,100,000 •►; 8,000,000 '
to $27,694,500." r
ing deposits on account of uncompleted
Income
the
.*
program, - ••
$23,855,174 $24,408,377.
'■ ::-s
payable and accrued accounts, includ¬
Accounts
15,019,045
$1,899,589
—
'
■
Notes, pay able—banks
Utility Subsidiaries:
1947—9 Mos.—1946
-1947—12 Mos.—1946
Operating revenues — $14,412,669 $13,546,818 $19,098,879 $17,942,069,
Operating exps., maint.,
'• "■/"
prov. for; deprec. and
"
v " "
>
for
•.
—
—
—
LIABILITIES—
'•
from
Proceeds
pany's general funds to provide for
program and to- repay
bank loans
,
$1.38
"
and Robert C. Jones & Co., to act as
soliciting
stockholders'
.subscriptions
for
the
Lukens,
&
offerings. :r
'
stock.
capital
Rohrbaugh
dealer-managers.in
receivable—at cost;—:
29,500
45,000
Due from employees—incl. exp. funds——39,885
37,129
Deposits on leases, contracts, etc.-——:_—r—
37,297
68,695
Plant property
(less reserves)—3,634,602
3,237,987
Prepaid and deferred charges
,
'216,650
• 217,300
Investments in European subs.—at nora. value.
1
; ; "
1
Patents, goodwill, etc
——
l.' - ';
1
Mortgages
of
stock,
300
class A stock
parent
company's
Holding "Company
reorganization plans , uhdef-thV^Bufaa^^fcjiity
:
:
'"sVr
' '
Act of '1935',
.
Volume
1947—12 Mos.—1946
Operating revenues— $53,683,448 $46,910,474 $70,848,874 $62,469,228
19,133,272
30,310,483
25,323.985
Operating- expenses—. ,23.061,890
4,652,361
4,091,248
6,088,975
5,557,869
Maintenance
1947—9 Mos.—1946
Period End. Sept. 30—
FINANCIAL
&
t
Other
(net,)___——
income
White
426,009
93,225
___.
The
;
—————$21,003,727 $11,813,600
operations—
lrom
1946
1947
Yeaps Ended Oct. 31—
Proiit
(89)
CHRONICLE;
Co. (& Subs.)—Earnings.
West Virginia Pulp & Paper
ACCOUNT
INCOME
FORMA' CONSOLIDATED
'PRO
■
THE COMMERCIAL
Number 4661
167
Co.—Registration Statement Withdrawn
Motor
registration
7285) filed with the SEC Oct. 29
stock (par $1), was withdrawn' Dec, 17.
:
statement
(No.
and covering 275,000 shares of
—V. 166, p. 2148.
_
'
<
-income)
depletion
•
Amort,
leucral
4,784,071
property
Net
7,916,810
profit
$14,705,180
$9,906,818 $14,543,654
533,237
1,274,590
Earned
753,863
debt
of
expense
&
625,250
606,392
427,007
...
__
divs.
380,603
93,393
deducts.
income
203,243
79,687
3 Months Ended Sept.
2,033,079
271,536
143,953
1,966,779
296,701
Minority interest
Misc.
1,493,609
1,476,152
125,273
Operating
Operating
income
Net
cl.
on
operating
Other
income
1,424,378
<
1,899,170
1,899,170
382,592
lor
Prov.
stock
A
286,944
for
and
income
Federal
profit
Earnings
per
The
refinery
A
recur.
has commenced
company
program.
to
of
banks and
in
less
deferred
charges,
credits,
'\'y
plants
$2,768,247;
the
of
expansion
funds
additional
ICC
tank
owned
cars
the
National
few
AUG.
1
company
to
1*—
income_w_i.__J___-'_—
-.1,.Tbtal
'
Provision
for
State
Provision
for
estimated
for
income
The
income
operations^
from
10,400,000
1943,
provided
14,666,726
•
26,316,217
to earned
declared
surplus—
pfd.
on
_
Cash
dividends declared on common stock—3,207,210
Earnings per common share _L—*:_——l__*.*._x._-v
.$23.15
$397,136
$7,298,607
■_
208,939
$4,585,229
207,587
Holley,
Smith,
$4,792,816
2,865,002
income
20,901
:__
16,107
-
$834,224
—
$413,243
243,051
.income
307,277
charges
$105,966
$591,173
income
166, p. 2317.
share.
a
■
•
Natural
Co.—Common
Gas
stock
ASSETS—
Cash
in
'
-.
banks
and
•:'(»
V
-.
•'
•
-
SHEET,
AUG.
31
'
Period End. Nov. 30—
oper.
shares of common
the number of shares to
125,000
and
Ry.'and
/
from
Net
ry.
tax -accruals
Income
ry.
tax
Ry.
accruals
tax accr.s._
ry.
$772,615
$4,919,422
.
closing
on
date.
see
V.
166,
ry.
87,245
147,200
2605.
p.
v$571,086
income.;
oper.
$1,937,563
,___
466,902
461,834
income.—
239,525
from,
ry.
466,553
.
Total
-
$625,415
$3,800,724
70,869
1,364,404
$696,284
-
9,718
.1,172,102'
45,920
deductions
Fixed
45,023
450,798
183,984-
'407,561
19,634,962-
20,594*574
6,663,077
•4,255,843
4,223,956
,5,593,229
income—
3,209,260
166, p. 2317.
" ; f
2,732,919
1,539,381
2,829,03(9
railway——'
Electric
Wisconsin
"
(&
Subs.)—Earnings—•
1947
revenues—;
—
42,100,507
Net
$9,006,932
expenses
and
468,368
Total
income
—-
(before
deductions
appropriation)———
for conting. losses on
invest, in capital
•
$10,687,928
306,414
-
$6,366,161
"
;
500,000
subsidiary.
V
INCOME STATEMENT
500,00^
$5,927,645
of ' transportation
Net income
'180,794
569,012
35,334,399^
$9,475,300 $10,994,342
3,047,655
4,628,181
$6,427,645
Balance of income
Approp.
$4,956,307
!
$46,022,32*1
taxes.
operating
Total
685,258
1946
$51,1(17,439
i
operating revenues
non-operating revenues.a—___
Total
•
Power Co.
12 Months Ended Sept. 30—
$4,271,049
\
.570,879
charges „_l_
$1,774,404
20,853,868
Total operating
1,303,683
$5,165,128
,124,747
Misc.
$1,735,565
.'151,707
1—1
oper.
Gross
< $835,264
Income
1944
1945
1946
1946
'Deficit.—V.
1946
•>
hand—$7,764,721 '$5,293,077
U. S. Govt, securities
3,014,899 > 3.014,702
'Accounts and. notes'receivable (net)—9,039,895
5,650,456
Advances for purchases *ol\raw materials—1,547,268
1,021,594
shares
railway——.:;.24,110,019
from
stock
on
2,500
10,000
B—Additional
-
$5,574,732
1,118,698
.*•
income'——
Other
l.OOO
1,250
2,500
2,500
Earnings—
" $2,166,834
railway
Net
'
'
•
Dr)___—_
(net
for
.
1947—11 Mos.—1946
$658,331
r:
Equip, and Joint facility
rents
paid
details
oper
Net
—;
264,178
income---*.
oper.
750
1,000
4,000
4,000
5,000
10,000
10,000
purchased.
railway—
From Jan.
Tidewater Southern Ry. Co.]
$1,283,786' $1,400,671' $8,573,782 $10,185,409
111,987
1,624,257
1,230,381
.145,523
404,912
'983,404
2,408,362
'381,000
1,046,699
,>
971,933
98,932 ■51'v 111,157
opers.
ry.
Payroll
All other ry.
I
'—
be
to
be
from
Net
-•
fr.
t:
,
Blosser
&
^ 2,500
3,000
Wouters
v
11,000
10,000
'
November—
$4,128,223 $38,222,840 $41,734,624
2,727,553
29,649,058
31,549,215
$3,841,192
2,557,406
expenses.
rev.
and
B
44,000
—
Douglass
further
Gross
"
Net
of
Underwriters
Co
may
For
Offered—
Stock
(& Subs.)—Earnings
1947—Month—1946
revenues.
Railway oper.
V '
1947
-; ;v
—
Dunbar & Co._:
B.
which
at $15.50 per share. The issue
financing.—V. 165, p. 3460.,
t
(par 51)
[Incl. Sacramento Northern
Net
BALANCE
the
of
2605)
p.
Wisconsin Central Ry.-
Western Pacific RR.
'
CONSOLIDATED
Inc.
'
'•
1
v
&
Monroe
A—Shares
$1,927,814
$4,922,415
always
not
.
not represent new
Railway
v
alphabetical
alphabetical
near
Hague & Co
$7,507,546
2,585,131
oper.
*
depreciation—1947;/$32,932;
1946,
11,491.
-tlncluding
depreciation .. and .^-amortization—«-1947,..v$1,187,780;
1946, A$l,006,770.
* Including Federal-excess profits taxes of $2,100,000.. ^Before post-war
adjustment reserve, earnings per common share amounted to $7.88
as
Dayton & Gernon
John
'Including
::
is
exact
in
A
$813,223
Bourbeau
Gross
5,764,631
1,168,000
1,166,258
./ §$6.51
14,666,726
stock—1,168,000
''
income.
ry.
'
'
,
follows:
as
Loewi, & Cp^_—
Bell, Farrell & Stebbins, Inc.
21,514,910
facility rents—r_
does
800,000
166,
are
Braun,
common
out
it
reasons
always
are
Airlines,
V.
660,307
133,072
Net
;
in
each
by
3,572,000
Western
4,964,631
—
offering
(see
purchased
1947—11 Mos.—1946
fVi,964[915
White, Weld & Co. on Dec. 30 offered 84,400 shares of
15,500,000
reversed*.——______
transferred
dividends
taxes
4-——
postwar- .adjustments,
profits in
-Profit
Federal
'
companies
underwriters
the
of
names
stock
Straus
10,325,063
609,761
Central
540,271
143,097
Other
10,934,824
V • 220,193
250,000
taxes
mechanical
arrange
5,120,000
Fixed
800,000
26,047,673
,,'V, 180.947
Interest'
to
69,552
11,419
—__
—
$327,360
$2.19
$314,350
$2.04
r-'
p
\ 285,000
rents
237,068
oo.uoo
Common Stock—
Gillespie &
5,589,304
932,764
—
(1622.
p.
516,000
Net
'
taxes
;
Crl07,091
15,693
Equipment
■
23,329
$564,448
L
MONTHS
**459,179
Taxes
Joint
15,914,367
-X—25,114,909
Balance
profit
166,
Wisconsin
$2,588,918 $38,337,650 $29,144,904
$3,697,104
revenues
expenses
161,303,435 110,470,952
profit.—-32,666,606
•Selling, admin, and gen. expenses
_____—
7,551,697
Gross
income
However, they
position as possible.
obligation
assume
ELEVEN
FIRST
1947—Month—1946
Period End. Nov. 30—
—
contingencies—
NOTE-—For
193,970,041 126,385,319
i.
tCost of goods sold—
Cash
AND
4,319
$612,350
248,000
—
Federal
and
Penn.
possible
trustee, and sold at 99.817 and accrued
the procurement of certain equipment.
as
with
MONTH
FOR
Operating
—V.
of
—V.
31
1946
(net)__yO——
654,491
$541,119
$608,032
—
———
for
$3,455,578
2,259,969
677,610'
expenses*.-
profit
Earnings pef/ share.
in
New York,
connection
in
Operating
years
1947
general
and
Net
.
the
authorized
12
guarantor,
RESULTS
require
will
next
:.
Net
Dec.
as
Bank,
dividends
ACCOUNT FOR FISCAL YEARS
ENDED
Reserve
for
Reserve
respect of not exceeding $3,000,000 of
l3/4%' equipment trust certificates, series L, to be issued by the Chase
by Sco Tank
CONSOLIDATED INCOME
Other
Prov.
1946
1947
$3,938,786
.
..
2,653,144
profit
Maryland Ry.—Equipment Trust Certificates
on
liability,
Gross
sales
income
Net
$525,164; capital surplus,
total, $14,470,318.—V. 166,
AA
Western
The
and
program
over
Products, Inc.—Earnings-
profit from operations—
Other
-A
280,845
$0.50
"*
>■'■
.
par),
$1,659,459;
2666.
:
:
administrative
Selling,
$113,205
$1.39
order.
-r'.•/■.
Line, Inc., was disposed
of
during the year and the subsidiary was dissolved.. Another sub¬
sidiary, Food Exporters, Inc., was also dissolved.
Net
surplus,
($1
s
—
sales——:
of
.V.. Net
*.
of
fleet
••"
stock
$362,251
280,794
period
1622.
p.
Willson
Cost
$141,290
28,035
>
share—
Nine Months Ended Sept. 30—
for aircraft and engine overhaul, $304,131;
$366,000; minority stockholders' interest in
capital
earned
were
therefor.
'•
leases,
and
contracts
/A </v..Av' / A/A■
_
reserve
$20,656;
p.
166,
28,079
$390,330
—
for
72,784
135,000
taxes.
_________________________
per
7,317
93,185
income
Gross sales
payable,
contingencies,
subsidiary,
the outlay of
which, it will
be realized, necessitate retaining a large part of earnings.
During the war years it was necessary for us, due to the unavail¬
ability of materials, to defer much needed repairs and maintenance
with the result that this year the company has expended $3,207,538
The
expenses
1,607
income
Surplus
be
$2,277,030.
Completion
substantial
$18,287;
for
reserve
dismantled during the year and obsolete
machinery
was
disposed of;
properties no longer required for the
conduct of the company's business were sold.
The gross cost of items
sold or otherwise disposed of during the year amounted to $1,283,378.
The net increase in buildings, machinery and equipment account was
old
routes,
$614,403;
at
and
$170,237;
equipment,
104,378
costs
abandonments
than
diviuend
large- additions to its Blue P*ate Foods
two
Several
(less reserve for depreciation
182,689
187,637
274,940
hole
dry
rentals,
Capital shares outstanding——
Government
2,479,938
'
income
-
$3,176,033
165,282
211,967
expenses
:
for
Casii
$2,404,343; accounts
payable—trade,
$2,566,874; airline traffic balances payab.e, $1,913,399; air travel plan
liability, $250,325; accrued wages, insurance, interest, etc., $352,853;
collections as agents, $199,885; accrued taxes, $698,145; other current
and accrued liabilities, $17,383; long-term debt—equipment notes, $48,336;
unearned
transportation
revenue,
$356,831;
sundry
deferred
mills, cotton gins and refineries.
its
In
Prov.
1947
reserve
total, $14,470,318.
sizable rehabilitation and expansion
La., a shortening plant at Memphis,
a
at Gretna,
SEPT. 30,
hand, $1,750,211; U. S.
on
of
other
Earnings
$6,442,159; non-operating property and
for depreciation, $191,824;
prepaid
$3,410,j02),
cost,
plants at New
Orleans, La., are presently under construction.
During the past fiscal
year the company has expended $3,650,408 on capital additions, mainly
and
Tenn.,
[Includes
•
$5,600,351
lease
leases,
cost
Taxes,
$3,149,680
26,347
4,328,040
income
on
operating property and equipment at cost
'"."."XV..
'
.
of aircraft.
conversion
refundable, $28,206; airline traffic balances receiv¬
able, $2,481,344; all other receivables, $1,149,949; inventories, $364,322;
other current assets, $650; investments and special deposits, $1,277,012;
Aug.. 31, 1947,
were' the
highest in
the history of the company.
Prices of raw
materials and finished products fluctuated over a very wide range and
are
sti.l considerably higher than prewar.
At times during the year
these
conditions
afforded
opportunities for
unusual pro.its which
cannot reasonably be expected
*
CONSOLIDATED BALANCE SHEET,
ASSETS—Cash
taxes
Petersen; President, on Nov. 10 said in part:
as
well as profits, for the fiscal year ended
Q.
and
22,44 7
———
saies
Interest
—V.
Report—
Snowdrift Co., Inc.—Annual
Wesson Oil &
$439,240
525,164
$0.84
sale of route 68 to United Air Lines, Inc.
on
involuntary
on
share.
common
'Includes gain
gain
-
._
outstanding.
LIABILITIES—Notes
Sales,
$355,978
Crb3,262
$1,639,577
525,164
$3.12
taxes
—i—__.
shares
at the beginning of the periods to
as
der
A.
139,158
Net
$3,551,701
$5,333,403
surplus.
effect
of
1946
1947
$5,577,903
—
income
beiLng, general and admin,
Depreciation and depletion
$316,820
$2,266,624
627,047
,
—
Common
common
$6,899,534 $4,177,185
(1) the surren¬
by the parent of the company, American Water Works & Electric
Co., Inc., and cancellation of all shares of capital stock of the company
(other than common stock) previously owned by the parent company
as
stated in
the note to the income account of the company
(see
above);
(2) the inclusion of certain expenses formerly borne by the
parent company; and (3) the adjustment in Federal taxes on income
which would have resulted from the filing of consolidated returns by
the company and certain of its subsidiaiy companies instead of the
company and such subsidiary companies having been included in con¬
solidated returns of the parent company.
tAfter deducting $2,105,900
in
the 12 months ended Sept. 30, 1946 as a result from refinancing.
[Equivalent to tax reduction from refinancing.—V. 166, p. 2666.
stock
'Giving
income
Co.—Earnings—
income—
Total
$446,678
—
Oil
services*.-—
and
Cost
382,592
Total
Net
Ealance
i
1946
$3,8bl,550
3,544,732
'1,819,946
income
(net)_
'
3460,
p.
Wilcox
Cancelled
$6,458,947
286,944
1,424,378
cumulative)
(7
—*
on
9 Mos. End. Sept. 30—
7r!o
stocks
preferred
Divs.
and
$9,181,296
$5,263,023
$7,044,730
—
6%
on
:
-
announced
Miscelianeous
Inc.]
1947
$3,776,927
3,330,249
~
expenses
Net
Divs.
30—
revenues
information
upon
—V. 164,
;
[Including Subsidiary, Inland Air Lines,
2,105,900
,
received from this company, the New York
Dec. 18 that it would, on Dec. 26, 1947,
quote the corporation's common stock ex a second parital liquidating
distribution
consisting of $3 per share in cash plus one share of
common
stock
of
William
Whitman
Co.,
Inc.
(Mass.)
lor each 1»
snares of common stock of the Ohio corporation held.
The distribution
will
be
made
on
that
date
to
holders
of
record
Dec,
22,
1947.
$11,481,927,
'
Dec. 26—
on
Curb Exchange
Thus
1946.
Lines, Inc.—Earnings—
Air
Western
824,984
'
______
subsids.
of
$4.93
(Ohio)—Ex-Liquidating
Whitman Co., Inc.
(William)
Dividend
Sales
exp.
Pfd.
$11.40
_____—_—*
than $2,174,411 earned from this source in
the company's total income for the past fiscal year was
compared with $7,278,G18 for 1945.—V. 166, p. 2148.
and
dist., premium
chgd. off—
[Debt
$4,449,618
disct.,
(net)
premium
653.989
$10,285,818
less
preciably
3,620,644
3,539,043
2,794,101
2,623,974
——
—
Amort,
share
common
$5,103,607
649.606
——
-
——
per
$10,935,424
2-—
dividends paid—.—
Apart from the above earnings from normal operations, the company
lrom
the sale of timber sturnpage $546,503, which was ap¬
deductions:
Interest
3,850,000
6,700,000
realized
$15,459,0'i3
$11,961,957 $10,440,055 $15,818,244
income
Gross
Income
taxes—*.-—--'
——————
stock
tjrq.erred
Balance
Operating income—:_ $11,059,147
912,810
Non-operating income—
and ex-ceoS profits
Acting
780,601
5,814,470
597,085
608,366
5,291,830
416,534
5,921,540
taxes-
—2—1—' $21,096,952 $12,239,609
—'
3,461,528
3,286,002
:
-
—_
depletion—
and
income
5,927,561
6,383,603
4,530,751
-
ac-
adjustments—-
income
Depreciation
&
_—
of
count
..
tFed,
4,359,562
5,008,264
3,348,189
3,787,905
—_.
retirements
Deprec.,
inconie
Total
Fed.
than
(other
Taxes
$5,866,161
(COMPANY ALONE)
'
'.
Inventories
tLoans
to
gjnners.
28,284,139
•__
others
and
against
mort-
A
"gages, etc
Cash surrender- value
of
life
23,306,667 •:f-
'Income
2,761,658
insurance—.
.2,771,734
36,553
Claims for refund of Federal excess profits taxes
29,757
1,251,188
1,245,932
lin and advances, to allied and
.1 "v.,.::;-.
bompanies__-______'——565,710
J Investments
affiliated
Miscelianeous investments
(at cost
or
less)——"
SBuildings, machinery and equipment—_A;
Land
cost)
»(at
48,387
patents
Prepaid
expenses
A494,997
>
43,387
19,448,946
17,379,112
deferred
charges—.——
____2——
——
154,421
$75,308,614 $62,009,337
payable
banks
to
Preferred
dividend
dividend
Common
Estimated
$4
cum.
Federal
conv.
pfd.
stock
600,000
Paid-in
of
$6,144,125
payable
292,000
stk. of
no
par
val. (outstdg.
no
par
value
shares)—
——
for
of
$638,747
$5,000
in
in
both
1947
in
Z)r480,840
Dr480,840
stock,
years.
in
$680,560 .in 134S.
SAfter re~erves for
p.
1246.
07V2
cents
29,
803.
operating
Total
B;
share
per
declared regular quarterly
the $100 par value preferred
on
payable
Dec.
1947,
1,
to
Balance
in
Net
—V.
492,179,242
172,919,891 620,951,139 339,183,230
for
prov.
:
:
prof,
—____■
3,329,484
—
$6,164,154
$6,006,885
losses on investment in
transportation subsidiary.
500,000
500,000
J.—————
$5,664,154
$5,506,885*
income
of
—-—
inpome
p.
_____—
2466.
12 Months Ended
Total
Co.—Earnings—
1947
Sept. 30—
revenues
——
[Revised
provision
1946
$10,954,702
9,991,757
$9,848,719
$962,945
35,041
$1,195,646
$997,986
422,511
$1,226,943
$575,474
operating
operating expenses and taxes—
$796,107
8,653,073
Net
2,713,199
Cr7,969,188
Total
operating
revenues
non-operating revenues
31,303
tax
—Cr57,462,047
losses.—V.
22,130,747
tax
income
[After
inventory
$9,336,369-
1,771',042
.
21,880,747
tax—
carry-back
'Loss..
$7,942,197
—[56,395,63$ '54,949,099 [57,129,531 '47,219,233
refunds
Net
'.—
appropriation).
Wisconsin Gas & Electric
502,761,288
502,761,288 715,566,792
taxes
(before
$
$
S
645,005,383 409,395,404 860,282,964 541,735,191
715,566,792
income
excess
1,253,512
for contingent
165,
Total
Federal
$8,082,856
1,283,844
—
.
capital stock of
,
—
before
income
deductions
Approp.
1947—12 Mos.—[1946
—
billed
Inc.
26,101,912
$6,658,352
revenues——
of
stockholders
,
1947—9 Mos.—1946
booked—
Federal
:
non-operating revenues—
Gross
95 cents per share on the $100 par value preferred
and a dividend of 50 cents per share on the $12.50
A;
unfilled
Federal
1947
1948
$38,690,556 $34,184,768
:
taxes—*.—*—.— *32,032,204
and
sinking fund
1947
^
Orders
-
revenues—-*.-.-
expenses
Corp.—Earnings—
Oct.
on
'
tAfter
5:At cost, less
denreciation of
operating
Net
$62,009,337
$324,001
$12,610,060 in 1947 and $12,4.02,864 in 1946.—V. 166,
Electric
directors
of
Period End. Sept. 30—
Dr245,411
and
operating
Total
subsidiary
par value
common
stock;
record Nov. 10, 1947.
Fed.
_
1947
and
of
series
series
"
12 Months Ended Sept. 30—
Total
de¬
maintenance and
deferred
of
The
basis.
.
board
dividends
5,805,751
17,772,171
Dr245,411
$427,786
of
Westinghouse
The
3,200,000
5,805,751
——"$75,308,614
of
costs
$'4,206,501
$3,422,147
return
2,758\750
28,063,687
—____
Common—16,871 shares-—
reserves
for
income
$641,542
•
consolidated
a
Total
Sales
surplus———3,200.000
Total
on
no
Orders
2,758,750
$664,598
accrued
are
requirements on general mortgage 4V2 % income, bonds,
and other corporate purposes.—V. 166, p. 2317.
177^771
17,813,036
(outstanding
surplus, per statement—;
Capital stock reacquired, at cost—-.
Preferred—8,000 shares
reserves
6
.
17,813,036
__.
Earned
reserves
;•:
728,911
Capital surplus——,
'After
3,'027^198
292,000
payable—291,565
and State income taxes.——
11,665,951
300,000 shares)
Common
$5,160,000
accrued liabilities
chgs.—
taxable
from
losses
extent
stock,
Accounts payable and
fxd.
taxes
companies reduce taxable income to such an
greater accrual than is shown is necessary to date.
[Amount.available for contingent charges, i. e. capital fund, interest
net
153,414
LIABILITIES—
Note
ductions
1,335,974
A 63,534
and
Total
.
21,330,823
trademarks—6
—____—
and
Process,
tine. aft.
<
34,514,886
to
for
166,
2,512,948
contract
reflect
war
special
reserve
p.
2466.
of
Cr5,827,0b0Cr57,511,421
40,825,784
termination
$S', 101,000
to
Gross
Total
15,548,177
income
deductions
settlements.
cover
possible
4
Net income
—V. 166,
p.
——
1194.
430,842
50
(90)
Wisconsin Hydro Electric
Co.—Earnings—
Quarter Ended Sept. 30—
$290,860
143,842
18,273
-12,433
31,665
Maintenance
30,486
____
taxes
Income
Net
taxes, State
28,353
ana
X' Ctl.i u.1—
Net income
166,
Net
29,613
Gross
&
—V,
Wisconsin Michigan Power
12 Months Ended
Total
expenses
and
taxes—
____
$5,861,997
Total
$1,385,634
Net
—V.
51,983
$1,426,024
Cost
516,638
537,391
of
$920,979
$888',633
Prov.
will
$3,000,000 30-year first mortgage
bonds, series
($100 par) 4Va% cumulative
preferred stock.
be
underwritten
under
sales
B,
bidding
term*.
and
ALABAMA
for
and
for
est.
bonds.
City
Clerk,
auction at
issue
of
G.
Hocutt,
1953
at public
Jan. 20 an
water works
on
$300,000
5%
incl.
Bidders
rate
%
of
to
are
interest
i/2
or
and interest payable at the Guar¬
anty
All
Trust
or
any
which
Co., New York City.
part of said bonds
have
stsfted
a
maturity
than 10 years after the date
thereof may be redeemed at the
more
option ^of the City at the expira¬
tion
of
the
the
date
10th
thereof
following
on
any in¬
year
and
of
277,000
premium
a
exceeding 12-months interest
said
on
bonds
computed
at
rate which said bonds bear
on
the
bonds will
exercised.
will
be
The
purchaser
furnished with
the opin¬
ion of
Storey, Thorndike, Palmer
& Dodge, of
Boston, approving
the legality of the bonds.
A cer¬
tified check for $3,000
payable to
the City
Treasurer, is required.
ARIZONA
Maricopa County School District
No. 33 (P. O.
Phoenix), Ariz.
Bonds
held
Voted—At
Dec.
on
proved
the
12
an
the
issuance
election
voters
of
construction bonds.
ap¬
$100,000
>
*
Yavapai County School Districts
(P. O. Prescott), Ariz.
Bond Offering — Kenneth Aitken, Clerk, Board of Supervisors,
will
receive
a.m.
on
of
sealed
Jan.
$630,000
12
for
coupon
bids
until
10
the purchase
bonds as fol¬
$255,000
No.
Prescott
1
School
District
bonds.
Due on July 1,
$5,000 from 1951
to 1954; $15,000 from 1955 to
1958; $20,000 'from 1959 to
1962; $25,000 from 1963 to
1965, and $20,000 in 1966.
A
as
follows:
certified check for 5% of the
total amount of the bonds bid
bids
must
state
and
held
Nov.
on
proved,
the
be
18
the
voters
166,
2357—we
p.
bonds
learn
that
with
2%
refunding
bonds
payable to the County
Treasurer, is required.
215,000 not to exceed 2%% in¬
terest
Prescott'
District bonds.
High
Due
School
on
July
follqws: $5,000 from 1949
1954; $15,000 from 1955 to
1965, and $20,000 in 1966.
A
as
the
Co.,
reported in
p.
bonds
the
$50,000
Stephens In¬
of Little
Dec.
our
15
learn
Rock,
as
issue—v.
that
the
tion
did
Not
held
not
$150,000
on
Voted—At
Dec.
approve
sewer
16
elec¬
an
the
voters
the issuance
of
improvement
bonds.
certified check for 5% of the
bonds bid for, payable to the
County Treasurer, is required.
160,000 not to exceed 2*/2% inmC
for,
terest
School
District
No.
31
CALIFORNIA
Fairview
School District, San
Bernardino County (P. O..
Bond
son,
bonds
certified
payable
Dec.
on
proved
for
or
will
Bernardino), Calif.
Offering—Harry L. Alli¬
County Clerk, will receive
in
proposal
from
will
April.—V.
declared
payable
increase
to
750,000
be
held
166,'p.
dividend
a
Jan. ' la,
165,
•
in
23,
to
shares
common
the
on
fourth
1726.
1947
25
were
follows:
as
cents,
plus
25
of
laid
25
to
cents
•
Jan.
cents
2
and
extra;
of
record
,\
April
and
share
per
holders
•
2,
pet.
12V2
25,
3100.
p.
cents
25
cents.
?
Herrington, of San Francisco. A
certified check for 5% of the par
\ •
of the bonds bid
for, pay¬
able to the
County
.
incl.; and $10,000
from 1956 to 1968 inclusive.
value
-.
Treasurer, is.
47,000 Keppel Union School' Dis¬
trict
bonds.
Due
Feb.
1,
required.''"
as
cipal and interest
at
check
to
the
■
ABond
/
interest
in
the
At
—
16
the
issuance
voters
of
ap¬
$15,800
Irvington Sanitary District, Calif.
Bonds Voted
held
Dec.
on
At
—
9
the
proved the issuance
sanitation bonds.
voters
of
ap¬
of
accompanied
1%.
by
oi
cer¬
San
Diego), Calif.
Bonds Voted
held
Dec.
on
proved
the
At
—
16
the
issuance
an
voters
of
ap¬
$208,000
Kennedy,
receive
for
County
sealed
the
San Diego County (P. O.
San Diego), Calif.
2707—were purchased by Wes¬
ley-Hall* & Co., of San Diego.
Counsel,
bids
until
purchase
of
Palo
a.m.
on
Jan.
6
for
purchase of the following not
to exceed 5% interest bonds:
$12,000
Sulphur
School
Springs
District
Verde
Union
bonds.
Due
$1,000 on Feb. 1 from 1950 to
1961 inclusive.
215,000 Norwalk School District
1947.
1962
8,000,000
i
high
school
Clerk
district
Due
j unior college
'
v.V//.w '■
bonds.
Interest
;
all
bids
jected.
serially
1968
Association,
on
be
(J-J)
payable
the
at
$115,000
High Sch. Dist.,
County (P. O.
Martinez), Calif
,'
'"
*
T.
Paasch*
County Clerk, will receive sealed
11
exceed
5%
a.m.
Jan:
on
12
for
of $1,000,000 not to
interest construction
$1,000. Due $50,000
1949
to
1968
bonds
held
Feb. 1, from
on
incl.
authorized
on
terest
These
the
are
bonds
at
the
election
Nov. 25. Principal and in¬
(F-A)
payable
at
Treasurer's
office.
County
will
than
par
date
not
be
sold
for
the
The
accrued
Bonds
held
<
County (P.
on
Voted—At
.
.
-r
tion
did
1
Dec. 2 the voters approved
San
held
not
.
election
an
Fernando,
on
Dec.
approve
the
16
the
r
*
Calif.
Bonds Not Voted—At the
elec-
<
voters
issuance
of
following bonds: $400,000 civic.,:
center bonds and $160,000 munic-'
ipal auditorium bonds.
,
San
to
Ysidro School
.
District,
San Diego County (P. O.
San Diego), Calif.
bids until 11:30
Orrirk.
tVip
Brown &
7.
Elementary Sch» Dist.,*i
delivery and bidders are
to state separately the
premium,
if apy. The purchaser will be fur¬
nished with the legal opinion of
Dahlauist. Neff.
Nov.
the issuance of $175,000 construetion bonds.
the
'
the
Redwood City), Calif.
less
interest
„
purchase of ;
bonds.
Theseauthorized at the •/
on
San Mateo
.
of
and
for
.
Offering—W.
bids until
held
Carlos
.
Bond
5
bonds
election
Contra Costa
,»
building-
the
San
Union
School District,
County (P. O.
Centro), Calif.
Jan.
Mt.
Diablo
-
re-
County Clerk,
are
Bond
(
2606
p.
were
Bond Offering—Sealed bids will
received by the
until
Jan. 1, from 1949
Principal and
,
Union
El
of
received
Imperial
,
Dated Jan. 1, 1948.
inclusive.
-
Supervisors, will :
;.W.;':Vv\*,'.7.'X.■?">' i-*
Pine
166, p. 2707—were purchased
by the Bank of America National
interest
of
sealed
166,
—and
Sale—The $235,000 con¬
struction bonds offered on Dec. 29
Savings
*•'
Offering—Gladys Stewart,
Bond
&
O.
5%
interest building
bonds. The bonds were
originally
offered on Dec. 20—v.
-
County (P. O. San Jose),
/.
Calif. -
San Francisco.
/
••
exceed
Los Gatos Sch. Dist. Santa Clara
Trust
;t
,
School District,
bids until Jan. 20
for the purchase of
$49,000 not to
district
":'VV/
.
,
serially
incl.
*
Union
Board
receive
bonds.
2,500,000
*
were -
3.222%;" '
-
County (P.
Visalia), Calif.
Bond
-
10
1,
to
of
Tulare
bonds. Dated Feb. 1, 1948. Denom.
until
Dec.
*3%s, at 100.26.
$18,500,000
the purchase
Angeles County Sch. Dists.
(P. O. Los Angeles), Calif.
Bond Offering — Earl
Lippold,
County Clerk, will receive sealed
time
basis
20
Principal and interest (J-J) pay¬
able
at
the County Treasurer's
Los
•
price of 100.841.■;
a
National Bank of Los
Angeles, as
will
Jan.
follows: -f:;
as
p.
Dated Jan. 30* 1948.
Due serially
on Jan. 30 from 1949
to 1963 incl.
next-'
Redfield
same
a
1948
County Treasurer's office.
Bond Sale—The
$65,000 school
bonds offered on Dec. 29—v. 166
incl. The
was
the
100.186,
Dated
trict bonds.
to
Grove School District,
at
$8,000,000 elementary school dis¬
Due
construction bonds.
(J-D). Due serially: "
1967
price
of
—v.
election
to
Angeles School Districts,
•
payable
(J-D).r.'at
the
County
Los Angeles
County (P. O.
:
Treasurer's office. The next
high¬
Los Angeles), Calif.
est bidder was the
Security-First
Bond
Offering -- Harold W.
.
*.
.
purchased by G: W. Bond &
Son., V
of Santa
Ana, as 3 Vis, at a
_
San Diego County (P. O.
Cy-
Additional Sale — The $15,000 :*
Savanna ; School
District
bonds'^
offered
Los
>
$120,000
Mesa-Spring Valley Sch. Dist.,
1948
highest bidder
Co., for 3V4S, at
Bids
a
$120,000
-
["District bonds of-an
Dec. 23—v. 166, p. 2357— '
terest payable
from
issue, expressed
of
\:'« ;.r
purchased by the California [
Bank, of Los Angeles, as 3Vis, at
a
price of
101.648, a basis of'
3.054%. Dated Dec. 1, 1947. In-';
tified check for 3% of
the, amount
of each issue,
payable to order of
the Chairman
of
the "Board
of
election
an
be
single rate
v.
were
(F-A) payable
a
each
on
multiple
must
bonds
election
an
a
name
-Sale—The
on
from
for
•
to
_v
press : School
iered
County Treasurer's office.
Bidder
County
:
the
v1"?
•
Orange County, School District V
[(P. O. Santa Ana), Calif. y. ^ *
•-
follows: $2,000 in 1950; $3,000
;
,
■
La
stockholders
of
16
stock,
County Supervisors.
be
construction bonds.
the
San
the
Bonds Voted
held
bids
to
the
1947.
June
—V.
Dec.
on
capital
office.
sold at par.
Stuttgart, Ark.
Bonds
of
A
Lemon
construction
R.
2606—we
were
of
and
to the W.
vestment
166,
sale
said
Weaverville), Calif.
1977 inclusive.
County, Waldron Sch. Dist.
No. 45 (P. O.
Waldron), Ark.
Bond Sale Details—In connec¬
tion
of
Valley Union Sch. Dist.,
Trinity County (P. O. %■;
cost of
000 in 1976 and
amount
Hayfork
the
3.178%, as follows: $73,000
as
2 V4s, maturing on Dec.
1, as
follows: $3,000 in
1948; $4,000 in
1949; $3,000 in 1950; $4,000 in 1951;
$3,000 in 1952; $4^000 in 1953 and
1954; $3,000 in 1955; $4,000 in 1956
and 1957; $5,000 in
1958; $4,000 in
1959 and 1960;
$5,000 in 1961; $4,000 in 1962; $5,000 in
1963; $4,000
in 1964, and $6,000 in
1965; and
$68,000 as 2V2S, maturing 5,000 in
1966 and 1967;
$6,000 in 1968; $5,000 in 1969 and
1970; $6,000 in
1971; $5,000 in 1972; $6,000 in 1973
and 1974; $7,000 in
1975, and $6,-
directors
29,
1951 to 1955
bid shall
Treasurer, is required.
net interest
a
$330,140
4% of the par value of the bonds
bid
at 87.00,
Dec. 8 issue—v.
sold at
were
entire
amount
Rock,
our
of
instead
bonds. Due Feb. 1, as follows:
$10,000 in 1950; $15,000 from
and
a
rejected.
Springs, Ark.
reported in
Each
varying rates of interest
Bond Sale Details—In connec¬
tion with the sale of the
$141,000
water works bonds to T. J.
Raney
& Sons, of Little
as
meeting
March
Payments
$l,613;i21
single rate of interest,
any bid for less than the en¬
tire
ap¬
$250,000
county hospital bonds.
Hot
in
the
each;
$463,515
bear.
for the
bonds at
and
a
on
value,
City Department
bonds will
election
issuance, of
The
Crl80,000
livery,...and state separately the
premium* if any, offered, for said
bonds, and the rate of interest the
County (P. O.
vote
par
three-for-one basis.
a
annual
Tuesday
Dec.
accrued interest to the date of de¬
^
the
The
wages
$439,096
will
no
sp.itting-up the-present outstanding
Yates-American Machine Co.—25-Cent Dividend—
par
Van Bur en), Ark.
Voted—At
224,000
23
stock,
on
"
All bids rhust be
unconditional.
Bonds
1,019,000
on
March
on
common
shares, and
285,309
218,800
stockholders'
authorized
furnished.
The bonds,
$13,000 in 1954; and $15,003
will not be sold for
less thack par rV>; from 1955 to 1970
inclusive.
and accrued interest
tq^dateL of
All
of
the
bonds
are
dated
delivery.
Each bid
must
state
Feb. 1, 1948. Denom $1,000. Prin¬
that the bidder offers
Rosenfeld,
Divelbess,
Robinette <8r ^.jnton*. of Phoenix.
Crawford
.--.-TV'
Nov^& Prin;-. ,•/>
from 1951 to 1957 incl.; and
(F-A>AP»yable vr
$4,000 from 1958 to 1963 incl,
at the
County Treasurer's, office.. **,293,000 Garvey School " -District
The approving
opinion of.£kMek- /v.'*; bonds. Due Feb.
1, as follows:
veny & Myers, of LosAngeles, f :
$10,000 from 1950 to 1953 incl.';
will
be
delivered in Pres¬
ARKANSAS
2466.
p.
cipal and interest
Gust,
for,
1,
bonds
Scott
lows:
1
of
for
cott. The purchaser will be fur¬
nished with the
approving opinion
of
500,612
355,148
bonds.
Dated Feb. 1, 1948.
De¬
nomination $1,000.
Due $5,000 on
Feb. 1, from 1949 to 1964
incl.
These are the bonds
authorized at
the election held on
1, 1948. Denomina¬
be
717,642
110,047
bids until 11 a.m. on Jan.
12 for the
purchase of $80,000 not
to
exceed
5%
interest
school
the
redemption date as specified
therein, if such option had not
been
check
amount
All
173,203
sealed
the rate of interest to be
paid. No
bids for less than
par and accrued
interest will be considered. The
payment date subsequent
thereto at a price not exceeding
the par value of such bonds
plus
accrued
interest thereon to the
redemption date and
the
tion-$1,000.
terest
not
certified
Dated Jan.
the
name
in
multiples of
% of 1%.
Principal
or
fol¬
for, payable to the County
Treasurer, is required.
$1,000.
Due .$15,1, from 1949 to 1968
Jan.
as
166,
2,250,000
PROPOSALS AND NEGOTIATIONS
1954; $17,000 from
1957, and $18,000 in
A
114,194
1
bid
Denomination
on
to
1958.
232,588
taxes
income
and
1955
sell
a.m.
series J bonds. Dated Jan.
1, 1948.
000
July 1,
on
Tile
.
the
16,366,884
years—
from
will
10
Due
76,963
stock
the
Net
76,226
23,158,490
_______
Stock
preferred stock (par value $100 per
share), $7,186,133;(200,000 no par shares), $4,388,889; surplus,
$5,959,285;
reacquired preferred stock at
cod, Dr$3,700; total, $21,961,-
Worthingtoii Pump & Machinery Corp.^-Plans
Split-Up
on
retroactive
prior
T
30,230
6,513,155
taxes
inc:
est.
for
depreciation and depletion "of
development costs (less amortization),*
reserves
m.ne
stock
shaies
795.—V.
$7,478,720 $26,683,401 $17,706,945
inc.
Fed.
income
for
(less
cumulative
37
:
1947—9 Mos.—-1946
7,672,776
than
lows: $14,000 in
1949; $15,000
1950 to 1952; $16,000 in
Tuscaloosa, Ala.
F.
$2,535,036
exps.
prof, taxes
etc.,
$9,395,019;
$7,448,490 $26,607,175 $17,629,982
25,329
depletion—
other
State
Adj.
and
Only
competitive
1947—3 Mos.—1946
8,710,325
$8,735,654
and
excess
BOND
—
1,140,30 J
$2,840,637
reserves,
$23,287,111)i
$525,940; patents, $1; deferred charges, $106,118;
total, $21,961,795.
LIABILITIES—Accounts payable,- including sundry
accruals, $2,352,161;
preferred
dividend,
payable. Oct.
1,
$125,692;
accrued
taxes;
$1,309,913;
for
Federal \income
taxes
and
savings bond purchases
withheld
from
employees
(see
contra),
$97,437; - reserves,
$545,985;
$3,675,336
1,085,2 id
excess
I'M
State and
Bond Offering
$671,236
$3,905,915
v
1947
30,
(contra), $97,437; notes and accounts receivablet (less
$202,519), $1,683,351; da.ms for refund of Federal income
profits taxes, $107,723;
advance; payments on ore contracts,
$158,647;. inventories. $5,934,914; land, $748,995; p.ant and equipment,
1194.
p.
operations
and
Wisconsin Power & Light
Co.—Registers with SEC—
company on Dec, 29
fTled a registration statement with the
bonds
$641,371
'
.
—
of
'raxes,
The*
covering
30,000 shares
254,289
SHEET,, SEPT.
of
and
'U.uod
$925,524
BALANCE
banks
deductions
reserve
$3,603,768
70,2b8
277,047
income
Deprec.
SEC
$3,835,627
(interest,
rentals, etc.)
disct.,
$1,437,618
L_:
3400.
p.
bond
1947—12 Mos.—1946
;$918,417
in
and on hand, $938,093;
U. S. Govt, secu¬
rities, $2,265,557; cash lor employees' Federal income taxes and
savings
*
30
S',576
16,599
income
164,
SEPT.
$3,713,669 $16,186,035 $14,626,301
2,791,721
12,350,407
11,022,532
income
Total
deductions
ENDED
$921,948
deductions
Net
$1,409,425
revenues—
Gross income
Total
CONSOLIDATED
ASSETS—Cash
ore
income
Other
revenues
non-operating
to
28,900
Period End. Sept. 30—
sales and oper. rev.
4,452,572
'
.
operating
used
common
1946
$6,803,660
5,418,026
—
X
Net
be
(Alan) Wood Steel Co. (& Subs.)—Earnings—
1947
revenues
operating
Total
MONTHS
12
will
costs.
Co.—Earnings—
Sept. 30—
operating
Proceeds
$889,517
income
166,
preferred.
construction,
1947—3 Mos.—1946
(net)
other
Net
for
$4,097,160
3,207,643
taxes
income
oper.
income
$25,258
Int.
&
4V2%
AND
3
revenues
expenses
Other
$21,932
______
of
and
FOR
Period End. Sept. 30—
Oper.
$54,871
19,820
indebtedness
Operating
vj,
$41,752
2000.
p.
bank
RESULTS
25,816
J.u,ouJ
earnings
deductions
Total
—V.
:
be. offered to holders
pay
1946
$316,604
____—
Depreciation
General
will
1947
181,559
Gross earnings
Operation
Offering—J.
B.
McLees.
County Clerk, will receive sealed
niirrhasf*
a.m.
nf
on
Jan. 5 for
$44,000
not
to
_
■
Volume
exceed
Dated
000.
167
5%
$4,000
15,
$1,follows:
15, as
and $5,000
1949,
and
par
interest.
accrued
Francisco.
A
certified
check
Council recently enacted a
1% municipal retail sales tax de¬
spite severe .criticism from re¬
tailers, labor spokesmen and other
opponents.
Designed to increase
the municipal revenues upward of
$4,000,000 annually, the
will
be
effective
District, Plumas
County (P. O. Quincy), Calif.
the
issuance
election
an
y~+«rQ
of
Election—At
municipal
tion
Not
Arcadia, Fla.
held,
Dec.
on
Refunding Contract Ten¬
tatively
Approved
Council
has
proval to
Voted—At
19
elec¬
an
the
voters
did not approve the issuance >of
$174,000 construction bonds.
The
—
given
City
tentative
bond refunding
a
tract which would
ap¬
con¬
the city's
ease
financial problems, it is reported.
The
proposal was advanced by
Harvey, Klein & Company, Inc.,
of St. Louis, Mo., and calls for the
Visalia Union High School District,
refunding of the $1,381,000 bonded
Tulare County (P. O. Visalia),
indebtedness at a lower
rate
Calif.
interest
Bond
Offering—Gladys Stewart,
County Clerk, will receive sealed
\ bids
until
the
10
a.m.
purchase
exceed
5%
of
Jan.
on
$930,000
interest
6
for
not
to
school bonds.
Dated Feb. 1, 1948. Denomination
$1,000. Due on Feb. 1, as follows:
$40,000 from 1949 to 1951; $60,000
from
*
1952
from
to
1961
to
1960,
1963
and
$90,000
Principal
incl.
over
30-year
a
cents
bearing inter¬
years; 1V2%
five years; 1%% for
iy4%
for
for the next
the
next
five
10
tract
(F-A) payable at the
Treasurer's
office.
The
County
*
bonds
-
; and
will
crued
-
*
interest.
state
'
sold
be
for
not less than
at
that
cash
par
contains
clause
a
Each
the
bid
than 75 cents
more
the dollar.
bidder
offers
par
:'.'v,
y-:
-
O.
(P.
the
accrued
interest
to
date
At
—
16
election
an
the
voters
issuance
of
I
itusville),
sale
$475,000 bonds to Ranson-
ap¬
Ferry, Idaho
Dated Jan.
Voted
Omarga Township (P. O.
Omarga), III.
'
-
'
Chairman Board of Supervisors, is
-required.
.■
.
*■■■"■
the
the
16
voters
issuance
of
Approved—At
f
elec¬
an
-
-
.
f
Bonds
iheld
:
Voted—At
Nov.
on
proved
the
7
election
an
the
voters
issuance
of
$10,500
'
si, Bond
construction bonds.
Sale
,
,
bonds offered
apr
2358—at
p.
received
The
—
following
Dec. 18—v. 166,
time all bids
on
which
were
rejected, were sub¬
purchased by
Welsh,
Davis & Co., of Chicago, as 3.20s:
$525,000 Highlands County Road,
Voted—At
V
elec¬
an
the voters did
held
Voted —At
San Bernardino and Riverside
Cos., (P. O. San Bernardino), Calif.
"\
series 3 bonds. Due serially on
Oct. 1, from 1948 to 1954 incl.
Offering—Harry L. AlliCounty Clerk, will receive
-
250,000 Broward County, series 2
bonds. Due serially on Oct. 1,
_
-
Bond
,son,
sealed
bids
until
11
a.m.
Dec.
on
the
proved
water
23
the
voters
issuance
ap¬
$30,000
"improve-1
works ^ system
ment bonds.
'
V
'
to
exceed
bonds.
'
interest- school
5%
Dated
not
Feb.
1,
1948.
De-
nomination $1,000. Due on Feb.
1,
as
follows: $10,000 from- 1949 to
.1958, and $5,000 in 1959. These
the
1948
to
Dec.
our
2607—we
$12,500
that
Jan.
on
166,
the
bonds
1950
to
1959 inclusive.
Bonds Not
tion
did
held
not
bonds
be
not
and
sold
for
.
Florida
Bids
.
,
der
offers
est
to date
and accrued inter¬
par
of
delivery, and state
the premium, if any,
separately
offered
for
rate
interest
bear.
the
bonds,
said
and
bonds
Each bid shall be for
gle rate of interest, and
a
the
will
All
—
bids
re¬
sin¬
bid
any
for less than the entire amount of
said bonds
or
varying rates of
rejected. The ap¬
proving opinion of O'Melveny
of
furnished.
Los. Angeles,
A
certified
will
check
&
be
for
4% of the par value of the bonds
for,
of
payable
to
the
street
sewer,
INDIANA
Sale—The
$200,000
temporary loan warrants offered
Dec. 29—v. 166, p. 2608—were
f
■
held
on
proved
Dec.
an
—
22
issue
At
the
of
an
voters
$25,000
provement bonds.
works
Ind.
—
Due
serially
to 1977 incl.
(J-J)
on July 1 from 1949
Principal and interest
payable
Citizens
State
at
the
Bank
tenders
Ihvited
until
5
—
Due Jan.
Vera
p.m.
on
series
Farmersof
Salem.
subject to letting of
refunding
1, 1969.
Voted—The
Bonds
im¬
did
Not
held
not
on
issuance
of
Beach, Fla.
approve
16
the
will
receive
the
purchase of $200,000 not
to exceed 2% interest
county hos¬
pital
bonds.
Dated
Feb. 1, 1948.
$1,000. Due $5,000
on
July 1, 1949; $5,000 Jan. and
July 1, from 1950 to 1959; $5,000
Denomination
Voted—At
Dec.
Auditor,
sealed bids until 2 p.m. on Jan. 15
for
the
Jan. and $6,000 July
1, 1960, and
$6,000 Jan. and July 1, from 1961
to 1967, all inclusive. Rate of in¬
terest
elec¬
an
voters
issuance
$260,000 water system bonds.
of
to
be
in
1%, and not
shall
be
multiple of
more
named
than
by
crued
opinion
interest.
of
Ross,
The
V4
one
each
No bids for less than
$1,020
accrued
name
a
Bidders must
$1,000 bond
per
interest
and
par
of
rate
bidder.
and
ac¬
approving
McCord,
must
coupon rate
in multiples
y4%.
The approving opinion
of
Skaggs, Hays & Fahey, of
Louisville, will be furnished the
purchaser.
Bids shall be made on
of
Secretary.
by
A certified
check for $2,000 is required.
did
not
Dec.
on
Sch. Dist., Ky.
Offering—T. W. Oliver,
Secretary Board of Education, will
Bond
receive
the
19
sealed
Jan.
on
voters
the issuance
$200,000 hospital bonds.
bids
for
until
the
Ice
&
8
p.m.
purchase
of
$96,000 not to exceed 3% interest
1,
bonds. Dated Dec.
Denom. $1,000. Due on
coupon
1947.
June 1, as follows:
$1,000 in 1949;
$4,000 in 1950; $3,000 in 1951; $4,000 in 1952; $3,000 in 1953; $4,000
from 1954 to 1958; $5,000 in
1959;
$4,000 in 1960; $5,000 from 1961 to
1966; $6,000 from 1967 to 1969, and
$4,000 in 1970. These bonds will
be subject to redemption prior to
at the option of
stated maturities
the Board
1,
1952,
of
or
Education,
on
on
interest
any
June
due
date thereafter, as a whole or in
part, in their inverse numerical
order, upon 30 days prior pub¬
notice.
If redeemed prior
1, 1957, the price will be
103; if redeemed on or after June
1, 1957, but prior to June 1, 1962,
of
approve
the price will be
102; if redeemed
after June 1, 1962, but prior
to June 1, 1967, the price will be
on or
101; and if redeemed on or after
1, 1967, the price will be 100.
shall
stipulate one
or
Spencer School District, Iowa
June
Bonds
Bidders
Voted
the
At
—
Dec,
on
proved
the
8
Storm
voters
of
Dec.
the
8
the
able
.
M
,
of
their
of
own
at
the
Pikesville
National
,
ap¬
$25,000
bonds.
rates
choosing, in multiples of y4 of 1%.
Principal and interest (J-D) pay¬
election
voters
issuance
interest
more
•
At tan
—
ap¬
$400,000
Lake, Iowa
Bonds VotecT
on
election
an
issuance
construction bonds.
*r
12
to June
Voted—At the elec¬
Not
held
Pikesville Indep.
lished
(P. O.
Onawa), Iowa
tion
Bank, / Pikesville.
authorized
were
election
than
on
$1,030
These "imnds
at
the
general
Nov. 4. No bid for less
per
$1,000
bond
will
be'considered. The Board of Edu¬
cation
KANSAS
County (P.
Ulysses), Kan.
Bond
will
furnish the
Grant
Sale
O.
&
Details—In
connec¬
tion with the sale of the
Grafton,
$100)000
were
pay all expenses and
legal opinion of Wyatt
of Louisville. A
cer¬
tified check for $2,000 is required.
LOUISIANA
hospital bonds, as reported in our
Dec. 8 issue—v. 166 p. 2359—we
Donaldsonville,
Bond Election
sold to
—
At
■
La.
an
election
Co., of Topeka, to be held on Jan. 6 the voters
at par, as follows: $28,000 as iy>s/ will consider the issuance of $35,maturing $7,000 from
1949
to 000 sewage system repair bonds.
1952; $42,000 as l%s, maturing
Lincoln Parish (P. O. Ruston), La.
$7,000 from 1953 to 1958; and
Bond Offering — Eddie Evans,
$30,000 as 2s, maturing $6,000
Secretary Police Jury, will re¬
from 1959 to 1963, all incl.
ceive sealed
the
W.
E.
Davis
Bonds -Sold—An issue of $134,600
special improvement bonds
at
purchased
recently
by
the
iy4s,
1947.
Salem,
Sale—The $135,000 water
revenue
bonds offered on
County
tion
Monona County
basis
.
sealed
ap¬
Co., of Iowa City,
for l%s, at 100.609.
at a price of 100.318, a
1.191%.
Dated Nov. 1,
Due oh Nov. 1, as follows:
of
a.m.
on
Jan. 28 for the purchase of $700,000
not to
exceed 4%
interest
court
house
bonds.-
Dated
March
1, 1948. Denomination $1,000. Due
on
March 1, from 1949 to
1968
A certified check for $14,000,
payable to the Parish Treasurer,
is required.
incl.
,
$13,600 in 1948; $14,000 from 1949
New Orleans, La.
to 1952, and $13,000 from 1953 to
Supreme Court Upholds Valid¬
1957 incl.
Principal and interest
ity of Bond Election—A recent de¬
(M-N)
payable
at
the
State
cision by the State Supreme Court
Treasurer's office. Approved as to
affirmed dismissal of the suit in
legality by Stinson, Mag, Thom¬
which
25
property owners and
son, McEvers & Fizzell, of Kan¬
taxpayers sought to have set aside
sas City.
7/7
the April 15 election, at which
time the voters approved the issu¬
KENTUCKY
ance
Ashland
School
District, Ky.
Bond Offering—L. C. Caldwell,
Secretary, Board of Education,
of
$23,500,000 public im¬
The high court,
opinion by Associate Justice
provement bonds.
in
an
John B.
Fournet, affirmed the de¬
cision of Judge Harold A. Moise in
purchase Civil District
Court, who held that
of
$184,500 improvement bonds. there were no
irregularities in the
Dated Jan. 1, 1948. Denominations
election.
$1,000 and $500.
Due on Jan. 1,
as
follows:
$8,000 from 1949 to
MASSACHUSETTS
to 1953; $9,000 from 1954 to 1958;
Essex County (P. O. Salem),
$10,000 from 1959 to 1967, and
Mass.
$9,500 in 1968.
Principal and in¬
Note Offering—James D. Bentterest payable at the Second Na¬
ley, County Treasurer, will re¬
tional Bank of Ashland.
Subject
ceive sealed
bids until 11 a.m.
to prior redemption on or after
(EST) on Jan. 6 for the purchase
Jan. 1, 1953, at face value plus
at discount of $700,000 notes as
accrued interest, plus additional
follows:
interest equal to 1V2 % of the face
value if the date of prior redemp¬ $450,000 tuberculosis hospital
maintenance
renewal
loan
tion is prior to Jan. 1, 1958, and
notes. Dated Jan. 19, 1948. Due
on the same terms on or after Jan.
will
Jan. 26 of $3,500
refunding
A and $3,000 series B
Riveria
election
Trust
1948.
Bowers, Town Clerk, will receive
Tenders
•
Bonds Voted
&
Soden-Zahner Co., of Kansas City,
Placid, Fla.
election.
County (P. O.
Bayfield), Colo.
166
p.
2708—were pur¬
by Beyer-Rueffel & Co.,
White-Phillips Co., both
of Danvenport, jointly, as l3/4s,
at a price of 100.651.
The next
highest bidder was the Iowa State
was
Bond
hereby made
bids until 10
Tipton County (P. O. Tipton), Ind.
Bond Offering — H. E.
Castor,
Bond
Bonds
La Plata
—
Wyandotte County, Kan.
Warrant
contract.
Lake
$200,000 water supply bonds was
approved by the voters at a recent
Bayfield School District,
Sale
the
and
Indianapolis, Ind.
Award made
bonds.
Quincy, Fla.
COLORADO
-
of
The
following bonds ag¬
$9,000,000:
$3,000,000
improvement;
$3,000,000
and
$3,000,000
drainage
County
<
•
—
the
Treasurer, is required.
:•
voters
$500,000 county hospital bonds.
Dec. 30
Pending
gregating
bonds.
bid
the
v. 766, p. 2608 — were
purchased
by Raffensperger
City Council has approved a pro¬ Hughes & Co., of Indianapolis, as
3V2S, at a price of 101.264, a basis
posal that was advanced
recently
to hold an election on the issu¬ of 3.395%, Dated Sept. 15,
1947.
Election
for
interest will be
Myers,
Jacksonville, Fla.
Bond
ance
of
purchased by local banks at 1%.
Dated Jan. 20, 1948. Due
May 20,
\
(State of)
Rejected
less
accrued
interest.
Each bid must state that the bid¬
par
of
16
the -issuance
on
will
.than
Dec.
approve
and interest
.County
Voted—At the elec¬
on
voters
approve
learn that the bonds
(P. O. Carmi), IIIi
County
the
15
on
ville.
Oct. 30.
Principal ceived for the purchase of $84,300
(F-A) payable at the various municipals offered on Dec.
Treasurer's
office.
The 31—v. 1£6, p. 2708—were rejected.
held
White
Dec.
chased
p.
mature
from
1,
Vote£—At an elec¬
on
$125,000
21,4's,; and
as
plus
school
connec¬
issue—v.
learn
sold
were
22
Guthrie),
O.
memorial athletic field
Details—In
tion with the sale of the
in
(P.
the issuance
$100,000 hospital bonds.
road improvement bonds to Quail
& Co., of Davenport, as reported
1954 inclusive.
Principal and
interest
(A-O)
payable at the
Barnett National Bank, Jackson-
not
proved
Orion), III.
Sale
Dated Oct 1, 1947.
are
bonds authorized at the elecL
dion
from
did
held
Western Township (P. O.
Bond
Not
held
of
-
Jan.
on
;i2 for the purchase of $105,000
Dec. 20 the voters dia
on
Bonds
tion
held
election
an
sequently
Yucaipa Joint Union Sch. Dist.,
Voted—At the elec¬
County
Bonds
Weldon, III.
■
Bonds
Elkader),
Iowa
not approve the issuance of
$24,000 street improvement bonds.
ap-,
Improvement Commission
(P. O. Tallahassee), Fla.
Guthrie
recently the voters ap¬
an issue of $50,000 road
held recently
O.
not approve the issuance of $200,000 construction bonds.
Bank
Warrenshurg, III.
$200,000
Florida
.
t
Dec.
on
proved
bridge bonds.
Willow Forest Union Sch. Dist.,
Humbolt County (P. O.
■"
* ; Eureka), Calif,
v
held
Not
tion held
bridge bonds.
*
*
Bonds
held
Bonds Not
(P.
as
.
is
forms which will be furnished
IOWA
29—v.
election
an
*
•
Denomination $1,000.
The $41,000 fire
equipment bonds offered on Dec.
provement bonds.
Bonds
bids
Iowa Gity, Iowa
^
At
resolution
a
reference
pay at least
Sealed
—
$420,000 not to exceed 33A% in¬
terest water works revenue bonds.
Bond
held recently the voters approved
the issuance of $35,000 road im¬
Davidson.Co., and Leedy, Wheel¬
.
Offering
with
amended, adopted by the Board,
authorizing
the
bonds
and
to
for further details.
will he received by the City Clerk
until Jan. 12 for the purchase of
1, 1947.
—
1963, and lk% if on or
Jan. 1, 1963, and issued in
Iowa
Buda, III.
Bonds
1,
after
accordance
the above
ILLINOIS
of
par
Jan.
which
Clayton County
Seattle, Richards & Blum, and
Murphey, Favre & Co., both of
Seattle, at a price of 100.0102, for
2%s, maturing from 1950 to 1966
inclusive, and 2V2S, maturing in
'
the
quired.
of
tion
Fla.
Cancelled—The
of
$275,000
$175,000 light
and
power
plant
improvement
bonds offered on Dec. 20—v. 166,
p.
2468 — were purchased by a
syndicate composed of Paine Rice
& Co., of Spokane, Blyth & Co.,
Brevard County School Districts,
P^nd
Board
Sale—The
■/
er &
Alleman, of Orlando, jointly,
>
at par, as reported in our
delivery, and state separately the
premium, if any, offered for the Dec, 22 issue—v. 166, p. 2607—
oten cancelled.
7
I '■
'Jjonds bid for, and the rate of in-,
terest said bonds will bear. A cer^
Delray Beach, Fla.
tified check for 5% of the amount
Bonds
Voted—At
an
election
of bonds bid for, payable to the
and
the
Bonners
tion
of
3%
bonds, payable to the
Commissioners, is re¬
county hospital bonds.
and
of
Dec.
on
proved
proved
ac-
must
through
for
Washington, Ind.
Idaho
cannot hp naid
only
and
recently the voters ap¬
issue of $150,000 hos¬
Bingham County (P. O. Blackfoot),
which tenderers of Arcadia bonds
on
elec¬
Bond
and 2% for
the remaining 10 y£ars.
The con¬
be
A cer¬
purchaser.
value of the
an
IDAHO
years,
and interest
*
100
the dollar
on
at
at
the
check
pital bonds.
1967.
will
Indianapolis,
of
an.
of
period.
The debt will be refunded
est
held
proved
purchase
FLORIDA
District, Lassen
(P. O. Susanville),
Calif.
Bonds
plant
power
$130,000 construction
County
$1,500,000
on
School
Approved—At
Bond
Bond
-
tion
held
election
bonds.
bonds.
Susanville
Bonds
tified
Jan. 6 the voters will
on
the
approved
(P. O.
La Grange), Ga.
/Bonds Voted
an
consider the issuance of
School
4
Bond
Miller,
furnished
County
and
Trinidad, Colo.
to be held
Bonds Voted-^-At
1
apply to all retail sales in the
city."
of the bonds bid for, payable
to the Chairman Board of
Super¬
Dec.
of Jan.
as
will
3%
Seneca
Troup
levy
new
for
visors, is required.
t
City
less
Principal and interest (F-A)- pay¬
able
at the
County Treasurer's
office.
The
purchaser will
be
furnished
with
the
approving
opinion of Orrick, Dahlquist, Neff,
Brown
&
Herrington,
of t San
GEORGIA
City Enacts 1% Sales Tax—The
from
1950 to 1957 incl. No bids for
than
Denver, Colo.
1948. Denom.
Feb.
on
in
(91) ,51
interest school bonds.
Feb.
Due
Number 4661
"
a.m.
receive
on
sealed
Jan.
6
for
bids
until
10
the
1, 1958, except that the additional
interest
shall
be
1%
if
prior to
April 1, 1948. Delivery on or
about Jan. 12,
1948, at the
52
(92)
THE COMMERCIAL
National
250,000
Bank
Shawmut
Boston.
-
* \
,
of
V'
"
hospital
tuberculosis
maintenance loan notes. Dated
Jan. 10, 1948. Due, on Jan. 10,
" 1949.
Delivery on> or J about
.
:
Jan.
12, 1948, at the National
" Shftwmut Bank of Boston. *
,s
;
Denomination $5,000. Payable at
the
Merchants
National
Bank,
at the National Shaw¬
mut Bank, of Boston!" NO tele¬
phone bids will be accepted. The
notes
will
be
certified
as ! to
Salem,
.
or
genuineness
National
validity by the
and
Shawmut
of
Bank
Bos-
toh.
Approved as to legality by
Ropes, Gray, Best, Coolidge &
Rugg, of Boston.
•
•
• ■
MICHIGAN
Ann Arbor, Mich. /
.
Bids
.
Rejected
All
—-
crued
Brown
and
&
Co., of New Orleans,
Associates, at a price of 100.-
002,
a
interest, at" the
Detroit
Co., Detroit, 1943 refunding
bonds, Series 4, Nos. 76 to 100,
dated Oct. 1, 1943,
maturing on
Nov. 1, 1968, callable on and after
May 1;; 1948.
Interest ceases on
date
vf
Call
,
j
<
.
•
.i>y
It. is.. stated
—
maturing on Oct.
1958 and
1959; $26,000 in 1960, and $210,000 as 234 s, maturing - on Oct. ,1,
$26,000 from 1961 to 1963; $27,000
in 1964 and 1965; $28,000 in 1966,
and $50,000 in 1967. Dated OctN 1,
1947. Interest payable A-O. Ap¬
proved as to legality by Charles
& Trauernicht, of St. Louis.
'
at
payment
and
par
1.
of Feb.
as
1,
interest.
accrued
Dated Dec.
1, 1943.
Due on Aug.
1, 1973, optional on any interest
payment date; Said bonds should
be presented
to the Detroit Trust
Co., Detroit, for payment. Interest
ceases on call.
- :
"
'
Board
of
Education
Jan.
on
the
for
5
5
Co.,
p.m.
the
Southfield
Township (P. O.
3, Birmingham),
Route
*
Mich.
Bond Offering
— Harvey
SornBond Sale Details—In connec¬
Township Clerk, will receive
sealed bids until 8 p.m. (EST) on tion with the sale of the $181,000
Jan. 20 for the purchase of $397,- water supply revenue bonds to
Kline, Lynch & Co., of Cincinnati,
•000 not to exceed 334% interest
as reported in our Nov. 10 issue—
water
revenue
coupon
bonds.
Dated Sept. 1, 1947.
Denomina¬ v. 166, p. 1936—we learn that the
bonds were sold for a "price of
tion $1,000.
Due on Sept. 1, as
100.06,
a
net
interest
cost
of
follows: $10,000 in 1950 and 1951;
$11,000 from 1952 to 1955; $12,000 3.365%, as follows: $112,000 as
from 1956 to 1958; $13,000 from 3V2S, maturing on Jan. 1, $2,000 in
1952 and 1953; $6,000 in 1954 and
1959 to 1961; $14,000 from 1962 to
1964; $15,000 from 1965 to 1967; 1955; $8,000 in 1956 and 1957;
$16,000 from 1968 to 1970; $17,000 $10,000 from 1958 to 1965, and
from
1971
to
1973, and $18,000 $10,000 as 334s, maturing on Jan.
1, $10,000 from 1966 to 1970, and
from 1974 to 1977, all incl. Rate
Dated Feb. 1,
of interest to be in multiples of $19,000 in 1971.
1941,
Interest J-J. The next high¬
34 of 1%.
Principal and interest
est bidder was Miller, Kenower
(M-S) payable at the Bank of
& Co., for
$92,000 as 334 s and
"Three Oaks, Three Oaks.
Bonds
maturing from 1953 to 1957, are $89,000 as 334s, at 99.50. ' ;V
callable for redemption in inverse
MINNESOTA
numerical order on Sept. 1, 1952,
and on any interest payment date
Dakotct* Cdunty (P. 07 Hastings),
thereafter at par plus accrued in¬
Minn.
the
to
demption plus
fixed
date
for
re¬
premium for each
"bond so redeemed prior to ma¬
turity of $25 if redeemed on or
prior to Sept. 1, 1957; $20 if re-
'
a
1,
thereafter
on
$15
1962;
or
if
cation
in
either
the
"Michigan Investor" or a financial
or' journal published
the City of New York, N. Y.,
or
Chicago, 111.
The bonds will
newspaper
*
not
awarded
bid
to
produces
cost
to
the
bidder
lowest
whose
interest
the
ducting
the
<
will not be considered
ble
and
will
be
interest
as
tion
computed from
above fixed
for
bonds
the
date
the
reception of
bids to their respective maturity
dates. Approved as to legality by
Chapman & Cutler, of Chicago. A
certified check for 2% payable to
the
Township Treasurer, is re¬
quired.
Cold water, Mich.
Bonds
held
on
proved
Voted
Dec.
the
—
19
At
an
the
Not
held
did
not
issuance
of
$200,000
,
^
Bond Tenders Accepted—In con¬
nection with the call for tenders
OT^&ec. 23, of general obligation
bonds for the
City Sinking Fund,
Water Board Division, it is stated
by Homer R. Marson, City Con¬
troller, that $127,000 bonds were
purchased at prices to yield from
for
maturities
held
Call
—
The
May 1,
1948,
at
par
and
the
the
voters
issuance
of
water
Bond
be
ac¬
.
2
the
held
on
of
ap¬
$65,000
■
Jan.
consider
will
voters
issuance
bonds.
election
an
the
election
an
12
the
voters
issuance
of
$670,000 construction bonds.
MISSISSIPPI
Cleveland, Miss.
Bond
Offering
Wilson,
City
sealed
—
Clerk,
bids
until
Dorothy
will
7:30
receive
p.m.
Jan. 6 for the purchase of
bonds,
sewer
Due
000
on
in
1950 to
24,000
on
$53,000
follows:
as
$29,000
M.
extension
bonds.
Jan. 1, as follows: $2,-
1949, and $3,000 from
1958.
water
works bonds. Due
Jan. 1, as follows: $2,000 from
1949 to 1954, and $3,000 from
1955 to 1958 incl.
Dated Jan.
1, 1948. Denom. $1,000. Rate of interest,
payment of
cost of printing
bonds, and at¬
torney's opinion, all to be deter¬
mined by bid. No election neces¬
sary,
preliminary
proceedings
complete. The bonds will be sold
at
public
sealed
Clerk
able
auction,
bids
mailed
where
to
attend
but
to
City,
City
representative
will
be
duly
purchase
will
receive
of
$435,000
follows:
value of each issue to
bid
under
•
Mississippi Laws of 1946.
325,
.
building bonds to the Robert E.
Schweser Co., of Omaha, as 134 s,
as
reported in
our
Dec. 8 issue—
v.
166 p. 2360—we
learn that the
bonds
sealed
bonds
as
!
,
Bonds
000
Bonds
election
1, 1948. Denomina¬
The bonds shall bear
rate
a
determined
rates
or
pursuant
to
At
—
the
issuance
of
Neb.,
special
$250,000
to
be
sale
held
Voted—At
not more than two differ¬
or
likewise
to
be* desig¬
nated in their
bids; provided how¬
ever,
that each interest rate so
designated shall be an even mul¬
tiple of V8 of 1%, and that all
bonds of the same maturity shall
interest
bear
the
at
rate.
same
Principal and interest
payable at
a
bank to be designated by the
purchaser, subject to the approval
of the City Council. Bidders may
bid for either
issues.
one
or
both of said
The
legal
opinion
of
Charles
&
Trauernicht,
of
St.
Louis, will be furnished, and the
City will pay the cost of printing
the bonds.
The bonds will be de¬
livered to the
fore
in
to
the
the
be¬
City,
or
Jefferson
cost
without
These
purchaser on
16
Feb.
are
purchaser.
the bonds authorized at
election
Nov.
on
25.
No
bids
for less than par and accrued in¬
terest will be accepted.
A certi¬
fied
of
check
for
bonds
the
the
Dec.
on
the
9
voters
issuance
of
$900,000
construction bonds.;
Tilden, Neb.
Bonds Voted
held
High Sch.
Inyo County (P. O.
Independence), Mo.
Bonds Voted
held
the
tion
on
—
At
an
Dist.
election
Dec. 9 the voters approved
issuance
bonds.
of
$30,000 construc¬
1,
originally as¬
by the city in 1932 and
would strengthen the city's
credit
and
help guard against the effects
depression!' "
'
1
of
Brigantine, N. J.
Report
Progress
on
Composition
the
are
Plan
Debt
of
Holders
—
of
city's unrefunded obligations
being advised that the final
decree
United
the
of
States Dis¬
has
entered
been
in
the
the composition of in¬
debtedness of the City.
All hold¬
matter
ers
of
of
City
unrefunded
of
bonds
the
by the
bound
are
.
Fair Lawn
Bond
School District,
Offering
At
—
election
an
the
16
voters
ap¬
proved the issuance of $30,000 hos¬
pital bonds.
'
;
Uehling, Neb.
Bond Offering—Sealed bids will
be
received
until
Jan.
20
for
purchase of $7,500 3% water
the
main
bonds. Dated Jan. 20, 1948. Due on
20,
These
1968;
optional
in
1953.
the bonds authorized at
are
the election held
on
Dec.
—
N. J.
George
P.
Hankinson, District Clerk, will
ceive
000
to
not
until
bids
sealed
8
p.m.
re¬
on
purchase of $350,-
exceed
school coupon or
6%
interest
registered bonds.
Dated Jan.
1, 1948. Denomination
$1,000. Due on Jan. 1, as follows:
$15,000 from 1950 to 1955, and
$20,000 from 1956 to 1968 inclu¬
sive. Principal and interest (J-J)
payable at the Fair Lawn-Radburn Trust Co., Fair Lawn, or at
the option of the holder, at the
Chemical Bank & Trust Co., New
York City.
Each bid must spe¬
34 or onfesingle rate of in¬
terest which the bonds are to bear,
cify in
multiple of
a
tw'entieth
and
no
of 1%
bid\ will
be
considered
rate higher than
the lowest rate stated in any le¬
which
specifies
a
16.
gally acceptable proposal.
The
purchaser will be furnished with
the opinion of Hawkins, Delafield
County (P. O. Berlin), N. H. & Wood, of New York City, that
NEW HAMPSHIRE
Coos
Note
Sale—The $100,000 tem¬
loan offered on Dec. 30
was
purchased by the First Na¬
tional Bank, of Boston, at 1.07%
discount. Dated Jan. 5, 1948. Pay¬
porary
able
Dec.
will
be
genuineness
authenticated
as
validity by
Storey,
Thorndike,
Palmer
&
Dodge, of Boston. The next high¬
est
bidder
Lee
was
Higginson
Corp., at 1.10%.
Gilman,
sealed
for
City
bids
the
Clerk
until
noon
on
receive
Jan.
6
County (P. O.
$472,000 refunding bonds was re¬
approved
by the; State
Funding Commission.
.d
Jackson
Bonds
will
legally
and
cently
H.
Offering—Mrs. Mildred S.
valid
Jersey City), N. J.
Bonds Approved — An issue of
(P.
Franklin, N.
Note
are
Hudson
to
and
bonds
binding
obligations
of
the
Borough.
A certified check for
$7,000 payable to the Board of Ed¬
ucation, is required.
24, 1948, at the First
Bank, of Boston.
The
National
notes
the
held
on
proved
Township School
District
O. Lakewood), N. J.
Voted
Dec.
the
At
—
16
the
issuance
an
election
voters
of
ap¬
$125,000
construction bonds.
discount of Livingston Township School District
$150,000
temporary
loan
notes
(P. O. Livingston), N. J.
Dated Jan. 7, 1948. Denomination
Bonds Approved — An issue of
$25,000. Due on Dec. 15, 1948. The
$380,000 building and equipment
notes will be authenticated as to
bonds was recently approved by
genuineness and validity by-the
the State Funding Commission.
First National
Bank
of
Boston,
under advice of Ropes, Gray, Best,
New Jersey (State of)"
purchase
at
Coolidge & Rugg, of Boston., The
will
notes
delivered
be
on
Bond
Offering—Christopher
E.
or
Ellin, Secretary Issuing Officials,
1948, at the First Na¬ will receive sealed bids until 11
Bank
of
Boston,
against a.m. on Jan. 8 for the purchase of
about Jan. 7,
tional
payment in Boston funds, and are
payable at maturity at said bank.
$15,000,000
Due
City,
' housing,
Dated
Denominational,000,
$1,250,000 on Jan. 1, from 1951
Jan. 1, 1948.
NEW JERSEY
Atlantic
emergency
series C, Act of 1946 bonds.
N. J.
to
1962/incl.
The bonds of the last
Luxury
Tax Receipts for Debt Payments
four instalments
—This
tion
Urged to
city's
Use
luxury
new
tax
is
expected to produce over $1,000,000
in
revenue
month
in
the
seven-
period from June to De¬
1947, and a part of this
cember,
should
be
used
for
debt
retire¬
to 1962. will be
maturing in 1959
subject to redemp¬
prior to maturity at par and
accrued
interest
to
date
of
re¬
demption, on Jan. 1, 1958, Or on
any interest payment date there¬
after, as a whole or in part, and
if
in
part, in the inverse order of
,
West Plains,
Bonds
Dec.
on
Officials
Olanche. Union
to Dec.
"years
result in substantial savings in in-?
terest payments.
In addition, it
ap¬
Dec. 8 the voters ap¬
on
the
payable to
for,
City, is required.
20
debts
;
prior will finally be paid in full.
to speed- up
payment of the city's debt would
election
Scottsbluff Sch. Dist.', Neb.
Bonds Voted—At a special elec¬
of the amount
1%
bid
another
1967,, when
-
the
proved the issuance of $5,000 air¬
port bonds.
of
and
rates,
for
tached.
Rushville, Neb.
Bonds
said
ent
so elect, regu¬
larly provided payments continue
composi¬
tion plan. New refunding bonds,
with
interest coupons
attached,
Maywood, Neb.
Bonds Sold—An issue of $9,000 the first payable Dec. 1, 1947, are
on deposit with the City Treasurer
3%
community hall bonds was
purchased recently by the Farm¬ to be exchanged on surrender to
ers
State Bank, of Maywood, at him of "old obligations" with all
their unpaid interest coupons at¬
par. Interest payable M-N.
Jan.
Feb.
at
may, step u£
chooses to do ;so.
city does not
trict Court for the District of New
;'V
■
Dec. 9 the voters ap¬
on
the
proved
proved
Voted
—
At
Mo.
an
election
recently
revenue
Newman
and accrued
par
School District,
Voted
tion held
1955; $10,000 from
1961; $11,000 from
1962 to 1965; $12,000 in 1966;
$27,000 in 1967, and $19,000
on Feb.
1, 1968.
210,000 public park bonds.
Due
on
May 1, as follows: $9,000
from 1949 to 1954; $8,000 from
1955* to-1957; $9,000 in 1958
and 1959; $10,000 from 1960
to 1963; $11,000 in 1964; $10,; ' 000 in 1965; $11,000 in 1966;
$25,000 in 1967, and $17,000 on
Feb. 1, 1968.
v
$1,000.
If the
Jersey
Lexington
to
interest
city
payments if it
par and ma¬
follows: $36,-
,1962, are optional on Oct.
1957, or any interest payment
to
held recently the voters approved
the
issuance of $90,000
electric
by
at
as
'
-
the
program,
Jan. 15 for the
Sold—An issue of $500,house bonds was pur¬
court
1,
1958 to
1956
Jackson
chased
Oct.
000 from 1948 to 1961, and $46,000
in
1962.
Bonds
maturing from
Commission has
been told in a special memoran¬
dum from the Tax Survey Com¬
ment,
County (P. O.
Jonesboro), Miss.
sold
were
on
1949
un¬
accom¬
chapter
.•
.
$225,000 bridge bonds.
Due on
!>•
May 1, as follows: $9,000 from
con¬
sidered. Certified funds for 2% of
par
Clerk,
bids until 8 p.m. on Jan. 5 for the
written
the
:
: •-
■
tion with the sale of the $550,000
City, Mo.
i /
Offering—Henry W. Ells,
Bond
rate,
At
—
-
Jefferson
Election—At
the
works
Mankato
to
election
an
Special Sch. Dist., Minn.
Moorhead, Minn.
Dec.
on
Secretary of
the Board of Education states that
the district is calling for payment
■on
22
At
—
bonds, payable May 1, 1948,
semi-annually thereafter on
Nov. 1 and May 1 in each year,
except that the final interest pay¬
ment on the bonds maturing Feb.
1, 1968, shall be made on the ma¬
turity date of the bonds. Bidders
are requested to designate in their
bids the price they will pay for
the bonds
bearing interest at a
Voted
proved,
pany
Lincoln Park School District (P. O.
Lincoln Park), Mich.
Bond
Dec.
on
elec¬
an
Voted
'*
•
cap¬
Fremont School District, Neb,.
^
«■:; The : opportunity
Bond Sale Details—In connec¬
:
construction bonds.
recently the voters approved
the issuance of $5,000 construction
bonds..
;
•
Dated
ap¬
construction bonds.
2 583%
to 2.653%
from 1958 to 1963.
of
-
pledged to
ital improvements.
>.\r
Und6r present debt retirement
sumed
NEBRASKA
'
•
1
should be
source
sale of the $2,000.000 State highway debentures
scheduled for Jan. 27—v. 166, p.
2609—has
been
postponed until
late February. *
*
y
; ;
bonds
was
1,
by Cady & date thereafter, at
and
M.
A. interest. 4/;
held
tion
Voted—At
approve
Bonds
election
Detroit, Mich.
issuance
Fisher, Minnr
'
voters
voters
$60,000 street improvement bonds.
deducti¬
the
on
the
Eveleth, Minn.
Bonds
the
Township, after de¬
premium offered, if
any.
In determining the net in¬
terest cost interest on premium
16
the
approve
in
be
Dec.
on
prior to
or
time
one
did
held
Voted—At the elec¬
of
Hurley School District, Mo.
Bonds
$300,000 county hospital bonds.
redeemed
prior to Sept. 1,
1967; $10 if redeemed thereafter
on
or prior to Sept. 1,
1972; and
$5 if redeemed after Sept. 1, 1972.
Thirty days' notice of call is to
be 'given by registered mail-to
registered holders and by publi¬
on
tion
<
deemed thereafter
Sept.
Bonds Not
;
MISSOURI
sen,
terest
of
issue
an
■
Columbus,
Saunders
&
Co.,
of
Memphis,
jointly. Dated July 1, 1947. Ap¬
proved as to legality by Charles &
Trauernicht, of St. Louis.
purchase of
$20,000 building bonds.
r
V'
O.
At
—
$115,000 3% school
purchased on Oct. 6
Secretary
until
Sold
Bonds
Bond Offering—Sealed bids will
by
Quitman Special Consolidated
School District, Miss.
■*,
No. 2, Mich.
received
Sale
ture
Midland Rural School District/
be.
MONTANA
Postponed—The
follows: $25,000 in
as
Monday,. January 5, 194$
Montana (State of)
of
Highway
Debentures
and $76,000 as 2s,
Irene Coogan, City
Clerk, that refunding, Series 1 bonds, Nos. 1207
to 1221, totaling $15,000, are
being
called for
'
net interest cost of 2.104%,
a? follows:! $214,000
as l%s, ma¬
turing on, Oct.
1, * as follows:
$19,000 in 1948 and 1949; $20,000
in 1950 and 1951; $21,000 in 1952;
$22,000 irr 1953 and 1954; $23,000
in 1955; $24,000 in 1956 and 1957;
'■
-
*
Melvindale,' Mich.
/
.
Bond
ceived
Chikaming Township (V.
Lakeside), Mich.
called.
re¬
for the
purchase of the
$330,000 not to exceed 3% interest
parking system revenue, series
1947
bonds
were
rejected. The
highest bid was 100.34 for 3s. "J
FINANCIAL ; CHRONICLE
Trust
•>
^
bids
&
bonds.
the
City
mission,
of
Fishack
is
Executive
which
Howard
Balance
of
revenue
G.
Directo
from
this
their numbers. Each bid must state
a
single rate of interest for the
of this series. The right is
bonds
reserved to
and
to
reject
waive
any or
any
and
all bids
all in¬
formalities in bids. Unless all bids
|
the award will be
- bidder
complying
With the terms of sale and offer¬
ing to purchase all the bonds at
rejected,
are
the
to
made
the lowest rate of interest stated
in
a
multiple of l/% or 1/20 or 1%,
If
without reference to premium.
two
bidders offer to pur¬
or more
said
chase
at
bonds
the
same
lowest rate of interest, then such
purchase of $700,000 not
5%
interest building
the
for
to
exceed
registered bonds.
1, 1947.
Denomina¬
tion, $1,000.
Due on Nov. 1 as
follows: $20,000 from 1948 to 1957,
and
$25,000 from 1958 to 1977,
coupon
incl.
Rate
-
%
multiple of
a
must
New
bonds.
award will be made to the bidder
the
offering the highest premium. The
bonds will not be sold at less than
Buffalo.
•
Crover
Bank,
\
■
80,000 Fulton Trust Co., New
York..
J
;
..
,/■,
,.7
I Denomination $500.
Due $500 on
j-Oct. 1 from 1949 to 1958 incl.
80,000 Title Gurantee & Trust
Bidders
Co., New York.
of
inter¬
par
Bank
National
definitive
First-Mechanics
the
at
of
The
Trenton.
Principal and
livered
at
Jan. 28,
will
bonds
The
York
New
de¬
be
City about
The purchaser will
furnished with the approving
be
1948.
will opinion of Vandewater, Sykes &
A
be bearer form with coupons and Heckler, of New York City.
certified check for $14,000, pay¬
may be reissued by the Issuing
able to the District, is required.
Officials at
the request of the
holder as registered bonds, and all These are the bonds originally
registered bonds may be reissued offered on Oct. 15, the sale of
which was postponed.
by the Issuing Officials at the re¬
quest of the holder as coupon Cobleskill, Carlisle, Seward, Mid-
bonds when originally issued
bonds.
The purchaser will be fur¬
nished
opinion
the
with
Attorney-General of the State,
approving
the
validity
of
the
bonds. The validity of the bonds
Will also be approved by Haw¬
kins, Delafield & Wood of New
York
City, whose opinion will
state that for the payment of the
bonds and interest, the act creat¬
ing the debt appropriates in the
order following: - (a) revenue de¬
rived from the alcoholic beverage
50% of
the revenue derived from parimutuel betting at race meetings,
(b)
tax,
not
than
more
(c),in the event that funds so
appropriated be " insufficient or
not available,
revenues
derived
from
limitation
amount
all
on
rate
to
as
which
municipal taxes are or shall be
assessed, levied and collected; and
rate
%
100.275, a basis of
1.643%. Dated Dec. 1, 1947. Prin¬
price
a
of
(J-D) payable
cipal and interest
the
at
Bank,
National
First
from
to
1948
The
incl.
1957
&
Fayette, Fabius, Tully and
Onondaga, Central Sch. Dist.
No. 7 (P. O. La Fayette), '
New
Bond Sale
-
bonds
—
offered
2609
p.
York "
'
The $35,000
on
school
166
29—v.
Dec.
purchased
by
of New York,
price of 100.151, a
were
—
Roosevelt & Cross,
2i/4s,
as
1947.
at a
2.229%.
of
Dated
Dec.' 1,
Principal and interest (J-D)
the
First National
Due serially on Dec.
1 from 1948 to 1962, all incl. The
next highest bidder was Tilney &
payable
at
Bank, Tully.
,and in the year prior to the year
,of payment; and provides that the
receipts in any particular year
and
Co., for 2V4S, at a price of i00.13.
pari-mutuel betting shall be avail¬
able for general purposes.
If The New York City Housing Authority,
New York
Issuing Officials find prior to such
year as provided in the act creat¬
Note Offering—Thomas F. Faring the debt, that other moneys rell,
Chairman,
will receive
are available to pay the principal
sealed bids until noon (EST) on
and interest maturing in such year
Jan. 9 for the
purchase of $19,300
temporary loan notes. Dated Jan.
29, 1948. Due on July 29, 1948. %
and the State Treasurer transfers
such
separate fund
A
certified
^check
for
$300,000
payable to
Robert
C.
Hendrickson,
State
Treasurer, is required.
for
to
moneys
such
Teaneck
.
Voted—At
Bonds
the issuance
construction bonds.
voters
—
N. Y.
Lazarus
1
ap¬
Chase
$7,296,000
National Bank,
New York.
J.",
Bond Offering—Edwin B.
>
?
purchase of $48,000
center
2,736,000 i Bankers
;
':
Principal and interest (F-A) pay¬
able at the Northern Valley- Na¬
Tenafly. Rate of in¬
terest to be in a multiple of Vs or
tional Bank,
one-twentieth of 1%, and must be
i
,
i
i
bonds. The
the same for all of the
purchaser will be furnished with
the opinion of Hawkins, Delafield
& .Wood, of New York City.
A
certified check for $960 payable
at ;the
Borough, is required.
"
1
Waldwick, N. J.,
Refunding
Contract
'
basis,
'
of
$245,000
bonds for
a
\ standing bonds
as
NEW
outstanding
amount of out-
like
3 !4 %*
New
t-
i
' Bond
/
Golden-
baum, District Clerk, will receive
sealed bids until 3 p.m. on Jan. 7
subscriptions un¬
til noon to allow participation by
all State depositaries who desired
to
finance
&
veterans of World
War II.
cannot
Veterans
1, from
1949 to
1958 inclusive.
Sale
Note
—
$44,000 notes
time
same
were
Co., of Toledo, at 1%% as follows:
$24,000 Alger and Liberty Street
improvement notes. Due on
Oct. 1, 1949.
/
amendment
ef¬
becomes
of sub¬
scriptions in advance of this time
and subsequent sale of the notes
the week of Jan. 5 will provide
out that
receipt
cash to meet payments as soon as
applications
State
can
and
received
be
by
processed for pay¬
ment.
The
negotiable
of
$100,000,000
20,000 Cherry and Locust Street
improvement notes. Due on
.7 Oct. 1, 1949.
;
-•
v
1, 1947. Principal
and interest (A-O) payable at the
National Bank of Fremont,'
:
Dec.
Dated
Harris-Elmore Local School District
(P. O. Elmore), Ohio
~
.
Jan.
1948 and will mature
from date of issue. The
Comptroller
has
reserved
the
privilege of redeeming all or any
part of these notes any tinje after
90 days from date of issue, at par
and accrued interest,
upon five
days' published notice in two dai¬
ly
6,
year
in New York City
in Albany.
:
;s
\ -
newspapers
and
one
.
NORTH DAKOTA
Galesburg School District, N. Dak.
Bond
Offering—C. O.
Clerk,
son,
Board
receive sealed
at the office of the
in
tor
Hillsboro,
of
Haaken-
Education,
2
p.m.
on
Jan.
19, for the purchase of $36,-
000
auditorium
Dated
July
Bidders
are
interest;
bonds.
.coupon
1,
to
the
name
These
29—v.
166,
chased
by
rate
the
are
of
-bonds
authorized at the election held
on
$160,000
offered
con¬
on
2610—were
p.
Dec.
pur¬
&
Sutherland
Ryan,
Co., of Toledo, as 2V2s, at a price
of
100.341, a
basis of 2.469%.
Dated Jan. 1, 1948.
Due serially
on Nov. 1 from 1949 to 1972, incl.
interest payable
(M-N) at the legal depository of
the School District, at present the
Bank of Elmore County, Elmore.
Principal
Due
serially
from
1949
to
Old
Fort
Local
lr
Sept.
on
incl.
1958
School
District,
Bond Offering—H. W. Zimmer¬
District
man,
sealed
Clerk, will receive
bids until
for the
noon
purchase
on
Jan.
12
$48,000 3%
April
1, 1948. Denomination $600. Due
$2,400 on April and Oct. 1, from
of
Dated
bonds.
1949 to 1958 inclusive.
terest to be in a
These
1%.
ized
the bonds author¬
are
at; the
Rate of in¬
multiple of Vi of
election
general
on.
bidder
was
Braun, Bosworth & Co., Inc., for
21/2S, at ijoo.i7. •
'•
'
highest
Huron, Ohio
Offering
Bond
—-
4, 1947. - No bids for less than
par and accrued interest. A cer¬
tified check for $480 payable to.
the
F.
will
ceive sealed bids until noon
re¬
(EST)
purch?co of $130 000
not
to exceed
2% interest
water
main
extension £ b o n a s.
Jan. 12 for the
is required. 7;
District,
No.
Paint
V
2
Local
77
•
School District
(P. O. Rainsboro), Ohio
Sale — The $35,000 im¬
r>
Bond
bonds .offered on
166, p. 2259—were
purchased by J. A. White & Co.
of Cincmnati, as 2v2s. at a price
of 101.27, a basis of 2.335%. Dated
Dec.
1,
1947.
Interest payableJ-D. Due serially on 1949 to 1963
provement
11—v.
incl.
The next highest bidder was
Charles A. Hinsch & Co., for
21/2s,
V
100.32.
at
V' 7
Perry Local Sch. Dist. (P. O.
R. R. No. 6, Lima), Ohio
Bond Sale—The $160,000 build¬
ing
v.
bonds offered on
166,' p. 2610—were
Dec. 23—
purchased
by Fox, Reusch & Co., Browning
& Co., and CharLes A. Hinsch &
Co., jointly, all of Cincinnati, as
21/2s, at
Ralph
Clerk,
Village
Rhodes,
Nov.
and
next
The
Courity Audi¬
until
Sale—The
Bond
struction' bonds
oral bids
and
100.28, a basis of 2.201%; Dated
1, 1947.
Interest payable
Sept.
Dec.
r
'
one
on
■
notes in bearer form will be dat¬
ed
of
construction
The
the
at
offered
Ohio
6,000 Cherry and Locust Street
improvement bonds. Due seri¬
offered
$10,000 street
bonds
Dec.
1958 inclusive.
Oct.
next
&
Canton, Ohio
Sale —The
M-N.
on
The
Pohl
was
26—v.
166, p. 2610—were
purchased by Fox, Reusch & Co.,
of Cincinnati, as 2 Vis, at a price
purchased by Ryan, Sutherland &
pointed
the
North
$12,000 Alger and Liberty Street
improvement bonds. Due seri¬
ally on Oct. 1, from 1949 to
applications until the consti¬
mit
bidder
Bond
■
sub¬
tutional
begin to
1960 incl.
1948 to
Co.,
Seasongood & Mayer, jointly,
for 2V2s, at 100.608.
Co., of Cincinnati, as 2s, as fol¬
ally
Due serially
and
purchased by J. A. White
lows:
payable J-D.
highest
Dec. 30—v. 166, p. 2711
on
$400,000,000 bonus to New York
State
from
bonds
$18,000
offered
estimated
the
.
terest
improvement
-—were
Comptroller Moore will sell the
notesj bearing interest at the rate
of
eighty-hundredths
of
1%
(0.80%) in anticipation of receipt
of proceeds from future sale of
bonds
Sale—The
Bond
amounts.
reduced
in
soon
The
Ohio
Fremont,
Allotments will be
subscribe.
land &
a
of the issue, payable to the Vil¬
lage Treasurer, is required.
deadline, Comptroller Moore con¬
tinued to accept
purchased by Ryan, Suther¬
Co., of Toledo, as 2V4S, at
price of 100.389, a basis of
2.189%. Dated Dec. 15, 1947. In¬
were
fied check for 1% of the amount
morning,
full day before the
a
pal light plant revenue bonds of¬
fered on Dec, 23—v. 166, p. 2610—
printed bonds and the approv¬
ing opinion of Squire, Sanders &
Dempsey, of Cleveland. A certi¬
price of 101.141,
a
2.368%.
of
Due
a
Dated
Dec.
1,
from
1949
to
serially
incl.
Interest
payable
next
highest
bidder
J-D.
was
basis
1947.
1968
The
Weil,
Co., Van Lahr,
Isphording, and Provident
1, 1948. Denomination Savings Bank & Trust- Co., Cin¬
$1,000. •" Due serially on Feb. 1 cinnati, jointly, for 2v2s, at 101.132.
from
1950
to
1974,
inclusive.
Salem, Ohio
7;
Rate of interest to be in a mul¬
Bond
Sale—The
$160,000 city
tiple of 14 of 1%. No bids for less
hall bonds offered on Dec. 29—
than par and accrued interest. In¬
terest payable F-A.
A certified v., 166, p. 2471—were purchased;
check for 1 % of the amount of the by Braun, Bosworth & Co., Inc.,
as
2V4s, at a price of 100.683, a
bonds,
payable to
the Village
basis
of
2.63%.
Dated Jan. 1,/
Clerk, is required.
1948.! Due serially from 1949 to
Lakemore, Ohio
1964, incl.
Principal and inter¬
Bonds Sold—The $8,000 fire ap¬ est
(M-N) payable at the legal
paratus bonds unsuccessfully of¬ depository of the City.
The next
fered on Aug. 4 were purchased
highest
bidder
was
Harriman
privately by Nelson, Browning & Ripley & Co., Inc., for 2V4S, at
Co., of Cincinnati, recently.
100.28.
v
Roth
&< Irving
Doll &
Dated Feb.
.
.
Feb.
28.
bids
No
for
less
than
and accrued interest will be
par
accepted.
A certified check for
2% of bid is required. :
;:V:
,
:
,
.
OHIO *77
Trust
;
Arlington Local School District,
i
Ohio
2,480,000 Central Hanover Bank
& Trust Co., New York.
Bond
1,960,000 Chemical Bank & Trust
Co., New York.
.
receive
First
1,680,000
New
National, Bank,
York.
1,680,000 Irving Trust Co., New
York.
; /"V;
Clerk,
Offering—H.
Board
of
H.
Warner,
Education,
will
sealed bids until noon
on
Jan. 19 for the
purchase of $215,000 1%% building, unlimited tax
bonds.
Dated Oct. 1, 1947.
De¬
nomination $1,000.
Due $5,000 on
April 1, and $6,000 on Oct. 1, from
1949 to 1963, and $5,000 on April
and Oct. 1, from 1964 to 1968 in¬
clusive.
Interest
payable A-O,
Bank' Bidders may bid for a different
•;
1,600,000 Bank of the Manhattan
Co., New York.
1,200,000 J. P. Morgan & Co., Inc.
:* 1,160,000 New York Trust Co.
Corn
Exchange
York.
rate
of
interest/in
a
multiple of
560,000 Bank of New York.
% of 1 %.- These are the bonds au¬
National Bank
York.
400,000 Marine Midland Trust
Co., New York.
thorized
560,000
Public
& Trust Co., New
360 Commercial National Bank
New York.
240,000 United States Trust Co.,
New York.
Nov.
on
par
and
at
4.
the
general
No bids for
accrued
Continental Bank &
Trust Co., New York.
160,000 Empire Trust Co., New
election
less than
interest..
The
purchaser will be furnished with
the
approving opinion of Squire,
Sanders & Dempsey,
A
of Cleveland.
certified check for $3,000 pay¬
able to the Board of
200,000
York
Offering-^Pearl
Co.,
V' J.
320,000 Broklyn Trust Co.
(P. O. Buffalo 21),
than
more
interest.
Ohio
.
•
& Trust Co.,
YORK
Cheektowaga Common Sch. Dist.
No. 2
•:
Trust Co., New
—
Co.,
Trust
York.
1,000,000
Boland,
1 Saffin & Co., of New York, have
contracted to refund, on a 314%
;
New
2,600,000
Manufacturers
Co., New York.
•
inclusive.
1956
to
,\,;7
Trust
New York.
•
1949
Bank,
..
Guaranty
5,104,000
coupon or
lj from
City
New York.
.
mu¬
and borough, hall
registered bonds. Dated
Feb. 1, 1948. Denominations $1,|Q00 and $500. Due $6,000 on Feb.
nicipal
...;; ■:.;
.
National
6,184,000
Phil¬
lips, Borough Clerk, will receive
sealed bids until 8:15 p.m. on Jan.
13 for the
subscribed
of
bends
the
are
accrued
over¬
was
These
different
a
multiple
a-
purchaser will be furnished with
1947.
Denomina¬
1948.
The
Due ;on July 1, as
participating
banks tion, $1,000.
and trust companies and their al¬ follows: $1,000 from 1948 to 1951,
lotments are as follows: 777/ and $2,000 from 1952 to 1967, incl.
■
Tenafly, N.
'/
;
the
in
Montpelier,
Bond Sale—The $100,000 munici¬
the
$178,205,000.
issue
yesterday
Although
will
Joseph,
pation notes.; Dated Dec. 29, 1947.
The notes mature
on
April 21,
$350,000
of
Sold
City Comptroller, sold on Dec. 30
an issue of $40,000,000 tax antici¬
election
an
the
18
Nov.
on
proved
;
New York,
Notes
Township School District
O. Teaneck), N. J.
(P.
held
a
purpose.
to
amounted
and
par
fective Jan. 1. Comptroller Moore
La
basis
•
24,
the closing time for
next
highest bidder was Roosevelt
Cross, for 2s, at 100.11.
hand, authorizes
general property tax to be
assessed, levied and collected for
beverages
on
noon
1%.
of
bid for
may
interest
of
53
Ryan, Sutherland & Co., of To¬
ledo, as 2%s, at a price of 101.584,
a basis of 2.342%.
The next high¬
est bidder was Roose & Co., for
2%s, at 100.104.
«
authorized at the general election
on Nov. 4.
No bids for less than
Cobleskill. Due serially on Dec. 1,
such
alcoholic;
purchased by
2710—were
166, p.
at
Dec.
—
which was
subscriptions
to the $100,000,000 in War Bonus
notes, banks had oversubscribed
the
issue
by $78,205,000,
State
Comptroller Frank C. Moore an¬
nounced.
The total subscription
At
made
$55,000 build¬
(State of)
Oversubscribed
Loan
Bonus
to
the State Bank of Albany, as 1.70s,
ment may be in
from
Sale—The
Bond
funds for pay¬
order that the
1
ing bonds offered on Dec. 30—v.
real
taxable
the
No.
Dist.
(P. O. Cobleskill), N. Y.
or
and personal property upon
Sch.
Central
tax authorized to be levied
a
Without
in
dleburgh,
Fulton,
Richmondville, Decatur and Roseboon,
the
of
York
New
(M-N) payable at the Manu¬
facturers and Traders Trust Co.,
Hill, Ohio
Bond
est
and accrued interest.
Prin¬
cipal and interest (J-J) payable
.
1%,
all
for
same
♦
Avenue
-v.
(93)
Offering — Belva
Ross,
.120,000 Kings County Trust .Village Clerk,. will receive sealed
Co., New York.
•
» 4
Ib.as until'noon on Jan. 21 for the
80,000
Federation
Bank
& purchase of $5,000 3% fire equip¬
Trust Co., New York.
ment bonds. Dated Jan. 1, 1948.
in
be
1/10 of
or
the
be
and
to
interest
of
Fifth
York.:
160,000
-
or
Nov.
Dated
&' FINANCIAL CHRONICLE
COMMERCIAL
THE
Volume 167 /; Number 4661
Education, is
required. These are the bonds or¬
„
York.
iginally offered for sale on Dec.
22 and not sold.
Le
Bond
ment
Roy, Ohio
Cancelled—The
$2,700
3%
scheduled to be sold
has
sale
fire depart¬
equipment bonds, originally
the
of
Sale
been
on
March 1,
canceled.
Bond Sale—The
:
provement
Dec.
27
White
Sch.
Local
Lowellville
Scipio-Republic Local Sch. Dist.
(P. O. Republic), Ohio
s
"j Bond
Sale —The $155,000 im¬
>
Dist.,
Ohio 23/4s, at
$350,000 build¬
bonds offered on Dec. 29—
v.
166, p. 2610—were purchased
by Pohl & Co., of Cincinnati, as
23/4s, at a price of 101.43, a basis
of 2.60%. Dated Jan. 1, 1948. In¬
ing
of
Co.,
a
of 2.542%.
terest
offered 00
purchased by J. A.
bonds
were
&
Cincinnati,
as
price of 102.167, a basis
Dated Jan. 1, 1948. In¬
A-O.
payable
Due-$3,000
from 1949 to
1954, and $3,000 April and Oct. 1,
from 1955 to 1971, all incl. These
are
the bonds authorized at the
terest payable J-J.
Due serially general election on Nov. 4. The
next highest-bidder was Strana¬
on Jan.
1, from 1950 to 1969 incl.
The
next
highest
bidder
Stranahan, Harris & Co., Inc.,
2%s, at 101.361.
was
for
*
Aug.
29
were
April and Oct. 1,
han.
at
Harris & Co., Inc., for
purchased
by
23As,
101.38.
Springfield Local School
Lyons, Ohio
Bond Sale—The $26,263.24 water
works assessment bonds offered
'
on
on
District,
Ohio
Bond
$225,000 con¬
offered on Dec. 12
Sale—The
struction bonds
54
THE COMMERCIAL
(94)
by J. A. White & Co,, of Cin
cinhati, as 2%s, at a price o;;
101.733, a basis of 2.364%. Dated
Dec. 1, 1947. Due serially on Oct
1, from 1949 to 1971 incl. Principal
and interest
(J-D) payable at the
office of the agency of the Board
of Education, in New York City.
Strongville
District
School
Local
Ohio
Bonds
Sold—The
$4,000 build¬
ing bonds offered on Oct. 9—v
166-, p. 1402—were purchased by
the Commercial & Savings Bank
of
Berea, as l^s, at par.
Dated
15, 1947.
Interest payable
J-D. Due serially on Dec. 15, from
Dec.
1949 to 1958 inclusive.
Tipp
Village
City Exempted
ing bonds offered on Dec. 29—v
166, p. 2362—were purchased by
Stranahan, Harris & Co., Inc., of
Toledo, as 23/4S, at a price of
basis
a
of
2.55%.
Dated
Jan.
1, 1948. Due serially on Oct
1, from 1949 to 1973 incl. Interest
payable
A-O.
The
waived and cancelled.
are
ties
other
on
to
duced
Sept. 1, 1947. All of the foregoing
is operative only upon payment
on
or before
June 1, 1948; pro
vided, however, that the U. S. Dis
trict Court may, for good cause
grant extensions of time for pay
ment
not
from
June
to
six
exceed
months
1, 1948. Upon failure
within the designated time
to pay
said waivers and/or reductions are
and properties shal
be sold for delinquent assessments
inoperative
provided by law, by the County
Reasonable attorney's
fees may be
paid to Arnold T
Fleig from the bondholders' fund
in such sums as may be allowed
by the Court.
as
next
highest
bidder was Braun, Bosworth &
Co., Inc., for 23/4s, at 101.83.
All creditors
notified that a
are
CHRONICLE
Offering
Wright,
Charles
—
ders to
name
multiples
the rate of
of
Vs
at
sue
at
no
one
any
will be
of interest
ent rates
The
sidered.
bonds
will
con¬
not
be
sold for less than par and accrued
These
interest.
bonds
issued
are
subject to the favorable opinion of
Townsend, Elliott & Munson, of
in
numerical
and
order
in
of
1%.
the
interest
Bids
Bonds Voted
held
on
will
interest
will
be
on
Nov.
did
(P. O
Columbus 9), Ohio
Bond Sale—The $257,000 build¬
ing
bonds offered on
166, p. 2362—were
by J. A. White & Co.,
Dec. 12
purchased
v.
2y2s, at
101.37, a basis of 2.37%. Dated
Jan. 1, 1948. Due serially on Dec.
1, from 1949 to 1972 incl. Interest
as
payable J-D.
Vinton
County (P. O. McArthur),
of $250,000
hospital construction bonds.
Garfield Cos., Oakdale
the
purchase of $15,000 general
obligation coupon bonds. Denom.
$1,000. A certified check for $300
is required. '
:
Noble
Sale
Bond
—
The
purchased by J. A. White & Co.,
as 2s. Dated Dec. 1,
Interest payable J-D.
Due
1
Dec.
on
1949
from
to
1954 inclusive.
to. be
will
subject to.* the
opinion of Townsend,
Bond Sale—The $17,000 sewage
treatment improvement bonds of¬
fered on Dec. 29—v. 166, p. 2610—
purchased by the First Na¬
tional Bank, of Wapakoneta, as 2sj
at par.
Dated Oct. 1, 1947.
Due
were
serially
Oct.
on
1959, incl.
from
1,
Waynesville), Ohio
Bond
Sale—The
$12,000
fire
apparatus,
appliances, buildings
and/or site bonds offered
Dec.
on
27—v.
166, p. 2610—were pur¬
chased by J. A. White & Co., of
Cincinnati, at 2^s, at a price of
100.241, a basis of 2.46%.; Dated
Dec.
1, 1947.
Interest payable
J-D.
Due
serially
1949 to 1958, incl.
-f
•
.
.
Xenia
to be held
'
■
i
-
✓
on
'
'
•
V
Bond Offering—James R. Hart-
man,
will
receive
noon
on
bids
Jan. 21 for the purchase
ited-tax
1947.
bonds.
Dated
Dec.
Denomination, $1,000.
1,
Due
Dec. 1, as follows: $12,000 from
1949 to 1958, and $13,000 from
on
to
1968, both incl.
Bidders
bid for a different rate of
interest in
These
the
a
bonds.
election
general
on
Nov.
4.
pay¬
able at the Citizens National Bank
of Xenia.
No bids for less than
No
conditional
of
the
the
bids
will'be
re¬
A certified check for 1%
bonds
Board
bid
of
for, payable to
Education, is re¬
election
an
Bonds
Voted
At
—
••/.
bonds.
tem
Gearhart,
be received by the City Recorder
until Jan. 7 for the purchase of
$50,000 water main and improve¬
of
These bonds
issue of
an
are
part
$75,000 authorized
at an election held on Oct. 7.
Lane County,
Siuslaw Consolidated
97-J (P. O.
School District
Florence), Ore.
At
Voted
rfonds
,
election
an
leld recently the voters
;he
issuance
tion
and
approved
$85,000 construc¬
equipment
purchase
of
County,
District
the
on
School
Dec. 6 the
issuance
of
an
election
voters approved
$65,000 construc¬
tion bonds.
,
No.
OKLAHOMA
17
Bonds
held
(P. O. Duncan), Okla.
Debt Composition Plan Filed—
Bondholders of the district are be¬
advised
filed
that
in
Court for the
Oklahoma,
composition
the
a
on
proved
U.
Eastern
containing
S.
District of
a
substantially
plan
as
of
fol¬
Dec.
the
At
—
15
the
issuance
an
election
voters
of
ap¬
$120,000
construction bonds.
Umatilla, Ore.
petition
has
District
County School District
(P. O. Portland), Ore.
Voted
Bonds
held
on
Voted
Nov.
—
25
At
the
proved the issuance
system bonds.
water
an
166,
voters
issuance
of"
ap¬
$20,00(1
improvement bonds.
5'
•
Pukwana, S. Dak.
1967
inclusive.
Interest
The next
Glover
electric
election
was!
bonds
4s. These are part
held
on
Sept.
16.
:
Dated.
v
Winner, S. Dak.
pay¬
Gregor,
plant
as
$25,000
$50,000 issue authorized at the,
a
Sept. 1, 1947.
Bonds Sold—The $495,000 elec-:
trie
for
bonds
revenue
offered
on
July 15, at which time all bids
:
;
system
M
of
highest bidder
Mac
&
2%s, at 100.51.
;
Bonds Sold—An issue of
p,
ceived
re¬
were
to
$4,000 from
chased
166,
SOUTH CAROLINA
par
and
ac¬
for less than all
Dec. 29—
on
Sale—An issue of $85,000
purchased
was
recently by R. S,
1953
1960; $5,000
from-1961 to 1964, and $6,000 from
1965- to, .1967 incl. Principal and
inte'resi( J-D)
tral;. Hanover
ity
Offering—Claude C. FoBorough Secretary, will
sealed
bids
by
:
until
8
p.m.
from
1964
<
George, S. C.
.-LL'-'L;
,
Bonds SoId=r-An issue of $110.000
sewerage
bonds
was
pur-
to
1967 inclusive; vY;
TENNESSEE
payable at the Cen¬
& Trust Co.,
Bank
.Approved as to legal¬
Hug er Sinkler, of
Charleston.
on
1962, and $170,000 as 23/4s, ma-,
turing $30,000 in 1963, and $35,000
to
New, York.
2611.
p.
Johnston, S. C.
Bond
3% refunding water works bonds
<
Dyersburg, Tenttr J
Offering—Page V. Hart,
1
Bond
Town Recorder, will receive sealed'
bids until 2 p.m. on Jan. 20 for
the purchase of $650,000 bonds
as
follows: *
$500,000 water and light bonds.
Due on Dec. 1, as follows:^
Chased-recently by the Farmers &
Merchants Bank of Walterboro, as ».:V
$12,000
in
1961; $15,000 in
bonds.
Dated Feb. 1,' 1948. De¬
2y4s. Dated Oct. 1, 1947J Due on ]•
.1962; $40,000 in 1963j $36,000'
nomination $1,000.
Due on Aug.
in 1964; $25,000 in 1965 and
Aprih-ly'as follows: $5,000 from U
1, as follows: $6,000 from 1949 to
1950 to 1954; $6,000 from 1955 to %
1966; $70,000 from 1967 to
1953, and $7,000 from 1954 to 1973,
1964, and $5,000 from 1965 to 1969, i'f'd 1970, and $67,000 in 1971. ;•
all
inclusive.' -Bonds
I
maturing
Bonds maturing subse¬
after Atig. 1, 1954, are callable in all incl.
150 000 * s t r e e t
improvementwhole or in part, in the^ inverse quent to April 1, 1958, are subject
bonds. Due on Dec. 1, as fol-:
numerical order of maturity, at to redemption: on said date or on
lows: $9,000 in 1948;
$6,000 in;
any. subsequent interest payment :'
par and accrued interest on Aug.
1949; $9,000 in 1950; $16,000 in'
date. Principal and interest (A-O)
1, 1954, or on any interest pay¬
1952; $23,000 in 1953; $14,000
ment date thereafter.
Bidders to payable at the Central Hanover
in 1954; $11,000 in
1955; $10,Bank & Trust Co., New York. Ap¬
name the rate of interest in mul¬
000 in 1956; $15,000 in
1958;
proved as to legality by Huger
tiples of Ve of 1%. Bids will be
$23,000 in 1959; $11,000 in
received for the entire issue at Sinkler, of Charleston.
1960, and $3 000 in 1961'.
any one rate of interest, but no
Dated Jan. 15, 1948.
South Carolina (State of): f.
Denoipina-l
bid combining two different rates
Certificate Offering — Jeff B. tion $1,000. Bidders are
requested,
of
interest
will
be
accepted.
Bates, State Treasurer, will re¬ to designate the price they will
These bonds are issued subject to
ceive sealed bids until 11 a.m. on pay for the bonds bearing interest
the favorable opinion of TownsJan. 15 for the purchase of $10;- at a rate or rates likewise to be
end, Elliott & Munson, of Phila¬
000,000 state highway certificates designated in their bids; provided,,
delphia. A certified check for 2%
of
indebtedness. Dated
Jan.
15, however, that each interest rate so!
of the face amount of the bonds,
1948. Denom. $1,000. Due on Jan. designated shall be an even mul-.
payable to the Borough Treasurer;
15, as follows: $2,000,000 in 1954; tiple of Vs of 1%, and that all
is required.
$2,500,000 in 1955 and 1956, and bonds of the same maturity shall
$3,000,000 in 1957. Bidders are in¬ bear interest .at the same. rate.
Philadelphia, Pa.-V
(EST)
of
on
Jan. 15 for the purchase
$170,000
improvement
>
t
coupon
-
'
"
-
Income
Unchanged
come
rate
tax
of
county
—
will
1%
Tax
The
be
Remain
continued
under
budget
to
municipal ^in¬
a
1948
at
a
city-
unanimously
ap¬
proved Dec. 11, by the City Coun¬
cil. Proposals to add from V4% to
V2 % to the rate were dropped.
"
vited to
name
the rate of interest
which the certificates
in
multiples of y4
and
the
must
be
the
or
are
to bear
1/10 of 1%,
same
for
all
of
certificates. Principal and in¬
terest
(J-J) payable at the State
Treasury, or at any State agency
in New York. The purchaser will
be
election
voters
of
»
election
an
the
follows: $3,000 from-1948 to 1952;
or
,
Multnomah
Duncan Paving District No. 9
been
Willahenzie
(P. O. Eugene), Ore.
Voted —At
Bonds
ield
the
16
"' 'X"
*
Ore.
Bond Offering—Sealed bids will
ment bonds.
proved
At
—
&
for less than
Northampton, Pa^
election
Dec.
on
road
-
able J-J.
a single rate of
multiple of V\ of 1%.
receive
an
held
Voted
purchaser will be furnished with
bid
Bond
recently the voters approved
;he issuance of $4,000 water sys¬
recent elec¬
Liberty Township (P. O.
Parkston), S. Dak.
Bonds
a
name
a
gelman,
leld
a
the opinion of
Robinwood
Oswego), Ore.
I
2.
ing $44,000: $28,000 well and water
extension; $8,000 sewer extension,1
and $8,000 park equipment" and
improvement bonds.
:
1, from 1950 to 1959 incl.
interest in
v.
O.
Dec.
on
Dickson & Co., of Charlotte. Dated
Dec. 15, 1947. Due on Dec. 15, as
Feb.
on
Bidders, to
OREGON
(P.
airport
rejected, were pur-'
July 21, by the Western*
Investment Co., of Omaha, as fol-.
lows: $60,000 as l^s, maturing
$20,000 on July 1, from 1950 to
1952; $120,000 as 2s, maturing $20,-.
000 in 1953; $25,000 from 1954 to
1957; $145,000 as 2V2S, maturing.
$25,000 in 1958; $30,000 from 1959
$80,000 issue offered
Clackamas County,
Water District
of
was
issuance
defeated at the
was
Bonds Voted—At
Pittsburgh, jointly, as
price of 100.515, a basis
2.445%.
Dated Jan. '15, 1948
Due serially on Jan. 15 from 1950
to
voters
tion the voters approved the issu¬
ance of the following bonds total-!
2611—were
purchased by S. K. Cunningham
&
Co., and Geo. G.- Applegate
1, 1948. Denom. $1,000. Due $4,000
City's
quired.
ing
(EST) on
purchase of $40,000
school coupon bonds. *T)ated Feb.
construction bonds.
Lane
ceived.
Larue,
receive
ing bonds totaling $45,000: $30,000
purchase and hospital con¬
struction, and $15,000 fire station
the
opinion of Peck,
Williams, of Cincinnati.
will
of the bonds will be accepted. The
bonds.
approving
Secretary,
sealed bids until 8 p.m.
No
site
par and
accrued
interest.
The
purchaser will be furnished with
Shaffer &
District
the
Sale—The
Dec. 29—v.
2V?s, at
Issue
:
election
an
13
Howard, S. Dak.
truck, series of 1948 bonds offered
on
Jan.
on
previous election
Uniontown, Pa.
$50,000 ladder
Bond
Springs, S. Dak.
held
again consider the
$38,000
municipal
of
of
-
Burgwin, Churchill
Ruffin, of Pittsburgh. A certi¬
fied check for $800 payable to the
School District, is required. This
offering takes the place of the
multiple of % of 1%.
Principal and interest (J-D)
pur¬
the issuance of the follow¬
pass on
the bonds authorized at
are
$150,000
Okla.
Election—At
Bond
until
$250,0Q0 3% building, unlim¬
Coraopolis), Pa.
Offering — John
Bond
crued interest
Clerk, Board of Education,
sealed
of
equipment
Texhoma,
r
'■*-
Township Local Sch. Dist.
(P. O. Xenia), Ohio
<
issuance
city light plant
chase bonds.
Dec. 1, from
'*..'
Jan. 9 the voters will
on
the
consider
election
an
to be held on Jan. 6 the voters will
Township (P. O.
Township School District
(P. O. Carnot, R. D.
Jan. 13 for the
Pawhuska, Okla.
1949 to
-
may
a
Election—At
Bond
Interest payable A-O.
Wayne
1959
in 1951.
9 for
both
Moon
repair bonds offered on Oct.
were
purchased by Calvert &
Canfield, of Oklahoma City, as
13/4s, at a price of 100.28. a basis
of 2.201%.
Due $3,000 in 1950,
bids until Jan.
sealed
and
and $2,000
of
O.
(P.
Wapakoneta, Ohio
A
.
6
Perry), Okla.
Bond Sale—The $5,000 furniture
Cincinnati,
1947;
serially
No.
District
$6,000 county
home, unlimited tax bonds offered
on Dec. 20—v. 166, p.
2362—were
of
and
Center Joint Consolidated School
Ohio
ceive
30 the voters
the issuance of
approve
Hot
bonds r arer issued
brose, Borough Secretary, will re¬
issuance
the
elec¬
an
Sept.
Bond Election —At
•
proved
not
Voted—At
on
bbnds.
No
—
Truro Local School District
Not
$12,000 municipal auditorium
will be held upon the
Philadelphia.
A certified cfceck favorable
petition on March 8, 1948, at 9:30 for 2% of the face value of the Elliott & Munson, of Philadelphia.
a.m., in U. S. District Court Room
A certified check for 2% of the
bonds,
payable to the District
at Ada, Okla., at which time and
face amount of the bonds, payable
Treasurer, is required.
place any objections to the plan
to the City
Treasurer, is required.
of composition will be heard. Such
Bridgeville, Pa.
Bond Sale—The $40,000 general
objections will be in writing and
Upper Dublin Township (P.O.
must be filed at least 10 days prior obligation bonds offered on Dee.
Ambler), Pa.
•:
v.
166, p. 2711—were -purto the hearing. Consenting bond¬ 30
Bond Sale—The $100,000 sewer
holders shall file consent with the chased by the Bridgeville Trust bonds offered on
Oct.
20 were
District Court Clerk on or before Co., as 2s, at par. Due serially on
purchased
recently
by
Fauset,
Jan. 1, from 1950 to 1969 incl. The
the date fixed for the hearing.
Steele &
Co., of Pittsburgh, as
next highest bidder was Fauset,
lVss, at a price of 100.18, a basis
Le Flore County (P. O. Poteau),
Steele & Co., for 2%s. at 100.82.
of 1.072%. Due $25,000 on Nov.
Okla.
1,
from 1949 to 1952 incl. Interest
Bonds Voted — At an election
Chalfant, Pa.
held on Nov. 18 the voters ap¬
Bond Offering—Walter B. Am¬ payable M-N.
hearing
Bonds
,
tion held
The
4.
»
Bowdle, S. Dak.
bids for less than par and accrued
interest will be considered. These
are
the bonds authorized at the
general, election
election
an
tem bonds.
at
accepted.
At
—
recently the voters approved
$30,000 water sys¬
the issuance of
be
issue
entire
Treas-r
Baltic, S. Dak.
their
one rate of interest, but no
combining two different rates
any
bid
of
for
State
op-*
SOUTH DAKOTA
the
the rate of interest in mul¬
received
York, at thle
for, payable to the
urer, is required.
incl., call¬
part
accrued
tiples of Ys pf
Bids
of interest,
rate
1973
or
New
or
Jan.
on
15, 1959, or on any interest
paying date thereafter. Bidder to
interest
bid combining two differ¬
to
whole
par
name
will be received for the entire is¬
but
maturing
Jan.
Bid¬
1%.
of
$1,000. Due
from 1949 to
15,
maturity at the option of the City
15, 1948. Denomina¬
tion $1,000. Due $5,000 on Jan. 15,
in
1960
in
inverse
Jan.
1949 to 1968 inclusive.
Denom.
Jan.
15, from
able
13 for the purchase of $100,000
improvement - coupon
bonds.
from
1948.
on
1973 incl. Bonds
sealed bids until 7:30 p.m. on Jan
Dated
tion of the purchaser. A certified
check for 1% of the amount bid
Jan. 1,
$5,000
E.
Secretary,
Board
of
Directors,
will
receive
School
Columbia'
purchase of $125,000 flood control
construction coupon bonds. Dated
Township School District
(P. O. Tryens Road, R. D.
No. 2, Media), Pa.
Bond
Monday, January 5, 1948
bids until 8 p.m. on Jan. 8 for the
Aston
properties are re
computed only to
2%
FINANCIAL
PENNSYLVANIA
Penal
Treasurer.
School District, Ohio
Bond Sale—The $328,000 build¬
102.18,
lows: All penalties on delinquent
assessments on vacant properties
&
ap¬
$32,000
Bond
Director
and
Sunbury, Pa.
Offering—Harold Tucker,
Department of Accounts
Finance,
will receive
sealed
Bidders may bid for either
both of said issues.
furnish
the
Charles
&
legal
opinion
Trauernicht,
be delivered
on
or
before Feb. 17.
Principal and interest payable at
the First-Citizens National
valid
for,
obligations of the State. The
will
be
delivered
in
of:
of) St."
Louis, and will pay for the print-ing of the bonds. The bonds will
furnished with the opinion of
Reed, Hoyt & Washburn, of New
York, that the certificates are
certificates
one or
The town will*
Dyersburg.
2%
of
the
Bank,
A certified check for
amount
payable
quired.
to
the
of
bonds
bid
is
re¬
town,
Volume
167
Number 4661
THE COMMERCIAL
&
FINANCIAL
CHRONICLE
(95)
'VV:
■
Bond
;
;,}
Erwin, Tenn. •. /J.:,.•
Sale:—The- $100,000 elec¬
\
'
■
Merkel, Texas
Bonds
tric system, bonds offered on Dec.
29—v.
166f p.' 2712—were pur¬
chased by J. C. Bradford &
Co.,
Voted
At
-v-
Horner
election
an
Legal¬
ity to be approved by Reed, Hoyt
& Washburn, of New York
City.
\
1948
'i
Bonds
1951, incl. Principal
and interest (J-D)
payable at the
Guaranty Trust Co.,.of N. Y. City.
.
Marion
,
2363—were
p.
purchased
„•
price of 100.21, a basis of 2.684%:
Jan. 1, 1948. Due
serially
Jan. 1, from 1949 to 1954 incl.
highest bidder
&
The next
Jack M. Bass
Co., for 2%s, at 100.19.
'
lv::^
texas
$4,000
Bosque County (P. O/'Meridian),
Texas
•*
,
Bonds
Not
tion held
Dec. 2 the voters did
on
not approve the issuance of
000 road bonds.- The bonds
sold
$240,-
held
Voted
Dec.
on
proved
the
At
—
9
.'<•
voters
4'
Bonds
held
Dec.
—
At
voters
Bonds Voted—At
tion
the
voters
?*'
to
y
School
have
'y-
connec¬
of
Perryton,
1,
the
bonds
mature
on
follows:
in
as
1953; $20,000 in
1955; $28,000 in
in
from
1957
from 1962 to
v*,;
1954; $22,000
1956; $20,000
1961, and $25,000
to
1967
incl.:
Bond
Offering—Henry McClel¬ ?
Port Lavaca, Texas J, '
of Schools, :"j Bond Sale
Details—-In connec¬
receive sealed bids until 8 tion
with the sale of the
$25,000
on Jan. 9 for the purchase
3% % and 3% % fire station bonds
land,
Superintendent
brwill
p.m.
r
.
of $146,000 bonds as follows:
:
;
"
to
$130,000 not to exceed 4% inter-
i
.
,
est school house bonds. Dated
Dec. 30, 1947.
Interest payable J-D.
Due on Dec. 30 as
,
r
r
follows:
r
$500
from
1948
Rauscher, Pierce & Co., of San
Antonio,
reported in
as
15 issue—v.
that the
our
Dec.
166 p. 2472—we learn
bonds
sold
were
at
par.
Shackelford County (P. O.
Albany)/ Texas Vj
to
1952; $1,500 in 1953 and 1954;
$2,000 from 1955 to 1957; $2,500 from 1958 to 1960; $3,000
from 1961 to 1963; $3,500 in
1964; $5,000 in 1965 and 1966;
$5,500 in 1967 and 1968; $8,000
'
<
16,000 not to exceed 4% interest
;
t
refunding bonds. Dated Feb.
1, 1948. Interest payable F-A.
Due
Feb.
on
1,
Stanton Indep. School District,
'■' v''
; v?
'■ ^ exas
■■;;■1;' -y
,
Bonds Voted—At
held
Nov.
on
place named by the purchaser.
are
required to name a
a
Bidders
rate
rates of interest in
or
tiple
of
check
Vs
of
1%.
A
a
the
Swisher
$2,920 payable
District, is required.
to
the
County,
District No.
ment
v.
.
/
.
'Bond
2
(P. O.
Tulia),
Call
—
R.
Board
C.
bonds will
be
1, 1948, at the National City Bank,
City, on or before redemption date, where funds will
f. New York
be
available
for
ceases
their
payment?
date called.
on
Bonds
tion
did
Not
held
not
on
Voted—At
Dec.
approve
20
elec¬
an
the
voters
the issuance
of
$265,000 road maintenance bonds.
-hfeld
on
proved
road
Dec.
the
—
12
At
the
the
issuance
voters
of
ap¬
$150,000
the
29
election
an
voters
of
may
name
the balance,
name
bid
bidder
two
must
1%.
pay¬
rates
specify
the amount of bonds
ratev If two rates
cutive maturities.
and
Charleston, South
Little
of each
Rock,
Conway,
the
value
of
Arkansas
Arkansas
the
the
Bid
Local
been
approved
to
as
legality
b.y Dumas & Huguenin, of Dallas.
Dated Nov. 1, 1947.
, :
v
4,
1948
11,
11,
11,
11,
11,
11,
11,
11,
1949
1949
1949
Feb.
745^000
Feb.
Feb.
Feb.
Feb.
Feb.
Feb.
1949
1949
1949
1949
1949
Opening Jan. 16, 1948
1948, and maturing
Authority
bonds,
;
indicated)
as
Amount
-
New York, New York
Maturity
Aug. 10, 1948
$2,299,000
/
Total
$2,299,000
,
Norfolk, Va.
;
Bid Opening Jan. 27, 1948
(Notes dated Feb. 19, 1948, and
maturing
Bond
Offering—C. A. Harrell,
City Manager, will receive sealed
bids until
noon
Local
Authority
Bernardino, California,.
Richmond, California
Martinez, California
Glendale, Arizona
County of Clackamasr Oregon
Seattle, Washington
Seattle, Washington.
Scranton," Pennsylvania
Providence, Rhode Island—
Jan. 13 for the
on
provement
bonds.
coupon
Dated
registered
or
1, 1948., De¬
$1,000.
Due $125,000
on Jan.
1? from 1953 to 1972 incl.
Principal and interest (J-J) pay¬
nomination
able at the Chase National
New York City.
Bidders to
the
rate
of 1/10
the
of
interest
in
Bank,
name
multiples
Rock
V4 of 1%, and must be
for all of the bonds. The
will
be delivered
on
or
or
bonds
Feb. .12
at
place
of
chaser's choice in Norfolk
The
par and
purchaser
New
—_
Illinois.
the
be
approving
of
Reed, Hoyt & Wash¬
burn, of New York City. A certi¬
Total
fied check for
$25,000 payable to
the City
...
'
s
The
—
V
purchased
Authority
Hawaii, Hawaii
Hawaii,
price of 100.051, a basis of 1.994%.
Jan. 1, 1948. Due
serially
on Jan.
1, from 1950 to 1969 incl.
Interest payable J-J.
! !
County (P.
.
Offering—George S.
until
4:30
p.m.
Jan.
on
Not
8
for the
?
the issuance of $175,-
Bonds Voted
held
6% interest airport coupon bonds.
;
I
•
/'
indicated)
as
Maturity
1, 1949
Mar. 1, 1949
.
$563,000
Mar.
Bond Call—The following local
district bonds are
called for payment:
improvement
On Dec. 12
public safety building bonds.
purchase of $74,000 not to exceed
1949
1949
Local Improvement
Districts, Wash.
Voted—At the elec¬
Bellingham,
/
1949
Seattle
Dec. 6 the voters did
on
not approve
000
1948
1949
1949
$1,083,000
Bonds
De-
1949
1948
Feb. 25,
520,000
washington
tion held
Shazor, Jr., Clerk, Board of Super¬
visors, will receive sealed bids
1949
1949
;
Total
O.
Va.
1949
Feb. 25,
Feb. 25,
,
Amount
;
...
Hawaii
Aberdeen, Wash.
Warwick
/
Opening Jan. 28, 1948
Local
Dated
1949
1948
•
(Notes dated Feb. 24, 1948, and maturing
by the American Na¬
Bank, of Portsmouth, at a
1949
May 25,
Feb. 25,
Feb. 25,
Feb. 25,
Nov. 9,
Nov.
9,
Feb. 25,
Feb. 25,
964,000
372,000
549,000
8,248,000
10,119,000
329,000
1,365,000
t 205,000
655,000
3,175,000
Temporary Loan Note Offerings
Bid
street improvement bonds offered
on Dec. 29—v.
166, p. 2612—were
Feb. 25,
Feb. 25,
Feb. 25,
<
LIST IV
$198,000 2%
1949
$34,286,000 '
....
Portsmouth, Va.
Sale
,
1
Treasurer, is required.
(Bond
Feb. 25,
v
Illinois.
Richmond, Virginia
Brownsville, Texas
Fort Smith, Arkansas
New Orleans, Louisiana....
accrued
will
County,
...
with
Feb. 25, 1949
Feb. 25, 1949
.
Chicago, Illinois
Chicago, Illinois
Fayetteville, North Carolina.....
City. The price offered must
furnished
496,000
794,000
599,000
511,000
216,000
2,785,000
\
Island, Illinois
Rock Island County,
Madison
pur¬
or
Feb. 25, 1949
Feb. 25, 1949
Feb. 25, 1949
Boston, Massachusetts
same
about
Maturity
$1,230,000
'
605,000
.889,000
180,000
.
——
Feb.
indicated)
as
Amount
.
San
purchase of $2,500,000 not to ex¬
ceed
3%
interest
general
im¬
Bond
An
1948
May
Feb.
LIST m
Denbigh),
bonds
11, 1949
11, 1949
Nov. 30,
'$27,796,000
(Notes dated Feb. 6,
ap¬
payable to the city, is required.
11, 1949
11, 1949
LIST H
ap¬
—
Feb.
1,658,000
979,000
900,000
918,000
170,000
Carolina
city designated by the
face
Feb.
558,000
Total
proving legal opinion
of Reed
Hoyt & Washburn, of New York
City. ; A certified check for 2%
of
Feb.
Feb.
•
6,428,000
'
be ready for
delivery on or about
Feb. 16, 1948 and will be-deliv¬
ered in any
Feb. 11, 1949
Feb. 11, 1949
Feb. 11, 1949
conse¬
The bonds will
purchaser, together with
,.
Maturity
$7,186,000
1,194,000
142,000
1,749,000
168,000
3,764,000
764,000
. 105,000
368,000
Winnebago County, Illinois
Norfolk, Virginia
Norfolk Virginia
named, each
are
.
-
in his
rate must be for bonds of
Amount
County of San Francisco, Calif.
County of San Francisco, Calif.
of Santa Barbara, Calif
Bremerton, . Washington
County of King, Washington
Allegheny County, Pennsylvania
Washington County, Pennsylvania
Tuckahoe, New York
Milwaukee, Wisconsin
St. Louis, Missouri.
St. Louis, Missouri
bid may
no
Authority
City &
City &
County
City of
rate for
one
but
than
more
each
$115,000
park
utah
proved
Dated Jan. 1, 1948.
Murray City, Utah
Bond Sale—The
$140,000
and
extension
power
bonds offered
on
light
revenue
Dec. 29—v.
166,
Ed¬
ward L. Burton &
Co., and Lin¬
coln Ure & Co., both of Salt Lake
2712—were purchased by
p.
City, jointly,
the
are
1947.
as
bonds
election
to
3%s, at
$7,000
1967,
par.
authorized
Dec. 2.
on
Due
These
at
the
Dated Dec.
1,
Dec. 1, from
Principal and
on
incl.
interest payable at the First Se¬
curity Trust Co., Salt Lake City.
Approved as to legality by Inge-
bretsen, Ray, Rawlins & ChristenSalt Lake City.
sen, of
County
$1,000.
(P.
000 in
the
of
%
the
Sold—An issue of $300,000 water system bonds was sold
on
Nov.
20
privately
to
Scott,
Jan. 1, as follows:
of
Bidders may
interest
in
name
multiples
1/10 of 1%, and must be
or
for
same
all
of
the
Nov.
on
—
29
9th Ave.,
Wash.
At the election
able
at
ment
the office
of
No bid
of
Finance
of
for less than
the
the
issuance
voters
of
Southwest, et al., Dist.
175 to 191.
No. 5422, Nos.
On
ap¬
$100,000
East ' 45th
municipal swimming pool bonds.
Nos. 1 to 10.
King County Water District No.
Dec.
16
Bonds
Approved — At an elec¬
held on Dec. 2 the voters
tion
approved
an
issue of $30,000 water
bonds.
Methow
pay¬
(P.
Valley Irrigation District
O. Methow), Wash.
Depart¬
the
County.
held
and
proved the issuance of $58,000
ac¬
Bonds
Voted
Dec.
on
crued interest will be
considered.
construction
All
—
9
At
the
an
election
voters
ap¬
re¬
bonds.
bids
The
must
be
York
approving
King
City.
&
be
opinion
of
Dawson, of New
A certified check for
of
for,
payable
to
the
Finance, is required.
Director
Seattle,
Bond
of the
interest
public
bonds, scheduled
166,
p.
Wash.
exceed 6%
safety
for
building
Jan.
12—v.
2712—has been postponed
until Jan.
21.
.
5648,
et
19
al.,
Dist. No.
;
Dec.
;
V
23
56th Ave.
Southwest, et al., Dist.
No. 28.
On
Dec.
24
32nd
Ave., South,
No. 5540, No. 14.
Cash
on
the
is
also
et al., Dist.
available to apply
following matured bonds:
No.
4493,
No.
7;
Dist. No.
4498, Nos. 57 to 63; Dist. No. 4237,
Sale Postponed—The sale
$5,500,000 not to
Dec.
Ave.,
On
Dist.
furnished
2% of the par amount of the bonds
bid
improvement
unconditional.
purchaser will
the
and
No.
:
5531, No. 46.
No. 5376,
the
par
Oberlin
Dist.
St.,
On
80
(P. O. Seattle), Wash.
bonds.
Principal and interest (J-J)
Chesterfield), Va.
Bonds
on
1973.
rate
Wood,
O.
Due
Denomination
$3,000 from 1949 to 1972, and $2,-
with
virginia
election
improvement bonds.
$25,000
Commissioners
2 (P. O.
Texas
issuance
Chesterfield
an
Local
part of the bonds and another rate
for
Weather!ord, Texas
Texas
Voted
bid
improvement bonds.
Liberty County (P. O. Liberty),
Bonds
of
Bond Legality Approved
issue of $90,000 3%
1948
Jasper County Road District No. 6
;
(P. O. Jasper), Texas
.
ap¬
.
redeemed at principal and accrued interest to Feb.
Interest
Nov.
on
proved
road
Broaddus,
Directors,
of
(Notes dated Feb. 5,
1948, and maturing as
indicated)
Dated Jan.
for less than par and ac¬
interest will be considered.
Each
LIST I
Opening Jan. 13, 1948
'
calls for payment on Feb.,
1, the
$50,000 refunding, series of 1946
bonds, • Nos. 976 to 1025.
Said
.
held
Edinburg), Texas
Secretary,
No.
Bonds ? Voted—At
has
Hidalgo County Water Improve¬
voters
issuance
Precinct
mul¬
certified
for
the
Bid
or
fe'V?
?
construction bonds.
.
:
25
of $1interest
;
election
an
'
tional
proved
follows:
as
Denominations $1,000 and $500.
Principal and interest payable at
:
fol¬
$150,000 road improvement bonds.
35,000 county hospital bonds.
1950 to 1955, and
$1,000 from 1956 to 1968 incl.
,
as
lows:
$500 from
,
•
recently
'
able at the City Treasurer's office.
bid for less than all of the
crued
Housing Units Schedule Note
Offerings—Sealed bids have
on
No
bonds
opinion
:'
purchase
states
Housing Authority
invited by various local
housing authorities throughout the
country, the offerings of which will take
place on Jan., 13, Jan. 16,
2^' for.four groups of
temporary loan notes aggregating
$65,464,000. Details of these
offerings are given herewith:
•
noon
in a multiple of l/20th of
Principal and interest (J-J)
Dec. 18
sold
the
not be less than
„
1970; $8,500 from
1971 to 1973; $9,000 in
1974;
$9,500 in 1975 and 1976, and
$8,000 in 1977.
•'>?
for
interest.
were
L.
1, 1948. Denomination $1,000. Due
$75,000 on July 1, from 1949 to
1968, incl. Registerable as to prin¬
cipal only. Rate of interest to be
Bond Sold—The $185,000 bonds
authorized at the election held on
in 1969 and
•
14
York
-
;
Randolph
—
sealed bids until
Public
as
$11,000 in
1948 and
1949;: $12,000 in 1950;
$13,000 in 1951 and 1952; $15,000
District,
Texas
that
Dec.
said
Details-^-In
Bank,
learn
recent elec-
a
are
Indep.
'V.'?
,
Jan.
2M>s, at par, as reported -in our
Dec. 15 issue—v. 166 p. 2472—we
•.
■
Gilmer
-
Sale
National
approved the issuance of $300,000
road improvement bonds.
?
I
Dated
tion with the sale of the
$395,000
construction bonds to the First
ap¬
Texas
i.
1979, and $16,000 in
and'1981.
Bond
election
an
the
18
,
'
1961; $5,000
$6,000 from
,
Floyd County (P. O. Floydada),
v.
and
Perryton Indep. School District,
•/,'■' ■y,..;,?;;
"•
Texas
proved the issuance of $1,100,000
school bonds.
\
»
to
Approved as to legality
by Chapman & Cutler, of Chicago.
ap¬
v/V,;/;{><""!
Voted
;
on
1960
office.
Carthage Indep.Sch.Dist./Texas
-
were
issuancejof- $107,000
various bonds.
•
pi. 2472
bonds
10,
1948. Principal and interest
(J-J)
payable at the State Treasurer's
election
an
the
1980
?
Canton, Texas
Bonds
in
from 1977 to
were
subject to the election?
166
the
1964;
1965 to 1967; $7,000 in 1968 and
1969; $13,000 from 1970 to 1974;
$14,000 in 1975 and 1976; $15,000
elec¬
an
issue—v.
that
1962
from
■'
Voted—At
15
learn
Offering
electric system bonds.
connec¬
'
:
500,000 not to exceed 3%
••
Details—In
Local
been
Hallj City Auditor and Clerk, will
Jan.
sold as follows: $16,000 as 3s, ma¬
turing on Jan. 10, as follows:
$2,000 from 1949 to 1956 incl., and
$234,000 as 3V2S, maturing on Jan.
10, $3,000 from
1957
to
1959;
J-J.
was
Dec.
our
—we
on
payable
:
1
Danville, Va.
Bond
receive
$250,000
building bonds to Rowles, Winston
& Co., of Houston, at a net inter¬
est cost of 3.49%, as reported in
Dated
Interest
Sale
.
^
,
tion with the sale of the
Commerce. Union Bank, of Nash¬
ville, and Associates, as 2%s, at
a
Texas
.
Bond
166,
the
by
.
Navasota Independent Sch. Dist
$285,000 school
Dec. 30—v.
on
.
an,.election
bonds, and $20,000 tax bonds.'
■Tenn.
Bond Sale—The
Voted—At
held recently the voters approved
the issuance of $40,000 revenue
County (P. O. Jasper)/
bonds offered
Moulton, Texas
V.
*
to
'
from
united
Federal
years, callable in 10 years.
of
Nashville, as 2.60s? Dated Dec.
1, 1947.; Due serially on June 1
Mason, of Lynchburg,
Vis.' Due $15,000 in 1 to 20
'3
as
held recently the voters approved
the issuance of $100,000 various
bonds.
'
'■
55
&
i
No. 110.
Wasco, Wash.
Bonds Approved
tion held on Dec.
—
At
an
elec¬
8 the voters ap¬
proved an issue of $15,000 water
system bonds.
56
—
(96)
.
'
THE COMMERCIAL & FINANCIAL CHRONICLE
'
Monday, January 5, 1948
■
■
he national debt!
WITH
PAYROLL SAVINGS PLAN
CAN
Employees still want the benefits of the Payroll
Savings Plan. In fact, they need the P. S. P.,
NATION
HELP BUSINESS AND
because banks don't sell Bonds
companies, the Payroll Savings Plan
(for the regular purchase of U. S.. Savings Bonds)
has made employees more contented in their
In 19,000
In addition,
of
•
*
V.
.
.
the Plan builds finan¬
course,
on
the "install¬
plan"—which is the way most workers
prefer to buy therm But wartime emotional ap¬
peals are gone. Human nature being what it is,
the success of the Plan in your company is liable
to dwindle unless a responsible executive keeps
it advertised. The reasons for promoting it are as
ment
jobs—has cut down absenteeism—has even re¬
duced accidents !;' :~
VITAL
WHY EXECUTIVE BACKING IS
MANAGEMENT BACKING,
for each participant. Each Bond
$4 at maturity for every $3 invested.
But the Plan has other, far-reaching benefits
cial security
important as ever—to you, your company,
pays
your country.
-
—to
business
So—today—check up
Payroll Savings Plan in
and to the nation—which are
'
equally important to you.
,
v
'
"
responsibility to
your
on
the status of the
your company.
see
HELPS SECURE YOUR
■
/
v
The State Director will gladly help.
FUTURE
The future of your
business is closely dependent
the future economy of your country. To
.a
major extent, that future depends upon man¬
agement of the public debt. Distribution of the
debt as widely as possible among the people of
the nation will result in the greatest good for all.
How that works is clearly and briefly described
in the brochure shown at the right. Request your
''The Notional Debt and You
upon
a
The
Board, General Foods Corporation. Request
your copy
i'*--
• •
*'
,;V
■'
from the Treasury Department's
Savings Bonds Division.
State Director,
Treasury Department acknowledges uith appreciation
c.«
.
•» ^i. •<
...
•
•
*i
the publication of this message by
' C\--, .-•/
.
■
an
CHRONICLE
the auspices of the
Council
official U. S. Treasury advertisement prepared under
Treasury Department and the Advertising
j, ■
;
THE COMMERCIAL AND FINANCIAL
This is
the
of IV. Randolph Burgess, Vice Chairman
of the Board of the National City Bank of New
York, and Clarence Francis, Chairman of the
copy—today—from your State Director of the
Treasury Department's Savings Bonds Division.
-
12-page pocket-size brochure, expresses
views
Act
on
that it is vigorously
maintained.
SPREADING THE NATIONAL DEBT
and
@FedFRASER