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BUSrADM.
Vr-*RY
'
(
Volume
163
'
t
Number 4453
-
Reg. U. S. Pat. Office
New
v"
''
'
York, N. Y., Monday, January 7," 1946
'
Price 60 Cents
Copy
a
«!•*'
v'--'
-,y: ■■ ;|y:»v:
RAILROAD
PUBLIC UTILITY
■
INDUSTRIAL
INSURANCE
-
MISCELLANEOUS
-
m:-
Akrnn
Akron Ca ninn A
Canton &
M«vf,mw—
Gross from
Net
ry.
'3
,,
.
Ynnnvcfnwn PP
fnywrwrfo
Youngstown EE,—Earnings—
^
'
■!=
'
ioaa
xsw;i
*j
rai}wayr^-y^
$301,395
railway-w-66,700
from
Net
.
;
■
\V,-v
•
wovcmoei,
•«»','
ioa'i
j
•
'
'
-*•
*
""
'
income-.-
41,227
22,076
78,994
raiiway—
oper
3,974,473
4,266,594
4,116,717
1,441,653
1,685,401.
shares
.shares
3,151,907
1,048,301
.
v;
90,849
7
136,612
• -
from
«
Net
from
Net
ry.
—V.
'
railway
llway—.1,016,590,
income-..../
oper.
162, p. 2809.
i
1
,
•'
681,763
U
401,305
-,.
'
-
(Dar
(par
value
value
S10V;
$10),
£6.735 96$:.
$6,735,968;-
cdmrnnn
eoinmon
sf.onk
stock,
-
<fi«0 540
(690,549
shares.
shares,
Rfialt.v^ro:
Realty^Co.
$1
par)$690,549; 5 capital/ surplus, $383,432; earned surplus, accu¬
mulated 3 since: 'Apr^
:$3,352,118; total, - $15,436;837.—V, 161,
'p'oQL
From Jan.
Gross
•
.-reserve
t
icuo
,i»«w
$350,476 y $388,052
for wi
for workmen's compensation insurance, $57,914;preserve for yVPifctston-Exeter RR/and
contingencies, -$200,000; first preferred 5$ cumulative stock(673,596%
sidiaries-^-the Deepwater
-reserve
"?
/
<
$318,588
118,514
66,521
f
°"1VC
wmm,--.9*0,^,0^....
choice
v,
of
,
W
ginia,
i
«
and
system,
its
central
West Virginia,
in
divest
Gross from railway*—*
Net from railway—^—
Net ry.
$1,334,249
■»
income—'
oper,
V" ' Prom Jan. 1— ' '■
Gross from railway-^.-5 18,395,411
from
Net
railway—c,--
-■
■
-
ry. oper. income..!*
-—V. 362, p. 2633.
Allied Laboratories,
announced receipt of an vrder trom the
ot
order irom tne
1 nn
KA tn«
\T
Pittsburgh' &r West'Virginia War r*n fr,,. 100 50-ton box" cars;—V. 1 CO
Ry.'Co. for
162,
309,071.
>
„
1,486,822
I
1 125, 712
333,040
*
all
employees
between
retirement
In
30
T'ansas Cl|r**
Alton EE.—Earnings—
November--
.
Gross
Net
from
from
'• V
v-V-;<33.^
3345
1344
Net
ry.
Montreal
1,586,120
Montreal
1 2G8,895
445,036
212,636
»1,408,244
I—
railway——
33.422.420
Toronto
11,684,500
income-—
"^Deficit.—V.
-
162,
34,077,082
13,856,386
3,521,649
3,522,931- 3,961,546
2809.
p.
Years End. Sept. 30—
Sugar
sales
—_
Fed. excise tax on sugar
Sugar marketing
v
■
1945
1,759,091
exps.r
Adm,
—
auxil.
Gross
V'
■
fr.
Net prof.
fr.
opers.
$2,062,206
exps.
244,092
opers.--
Other
:
Net
r/
for
Net
income
$1,876,447
on
$1,572,521:
chgs,—j
taxes-
J.93.790J
-.
"
(
i
" 821,000
t
229,390"
,
291,967
21,954
'$756,494
968,441.
43,101
Statement
of
65
NYSE
Share
Values
Robert
115
.-
3
-
cwirTr.m
tottaar,
SEPT,
Aa"
of;::
107
per3com-^;w-)i^e"^
Pwindrv
-
deposit
and
on
hand,
$1,059,597;
Mpaxz
Equipment,CO.
•
i..
Fraser
the
has
been
been
elected
elected
but
will
Chairman
President.
continue
to
Executive Committee.3 .:
had
been
President
Castings Corp.,
-
x
assume
'officers
new
■
of
the
William
serve-as
'
-
•
since, 1940..
Canada
also
He
'-v••
and
3
is
a
director
'3;.,
of
-.
posts: with 3Montreal
Locomotive
in
'
A"
y
has
-
•;<: \;
outstanding
■•
shares,
.are
is
a
successful
bidder
Beg-
3 :.'i •":-:. ■'!I: % 33-■/; Vi r^
-
registered ' 479,726.
shares" of -capital
stock,
These, securities, representing 90.79%
-now
vested in the
Alien
Property
and
the
latter
plans
to
/
•
■
proceeds,'" will
information
distribute
:' 'stock,, including "474,726 snares held for the■ benefit of two
5loCKt' inciuaing
.zb shares neid tor-the-benefit
nationals—Wnitershall. A.G.
Germany, and Salzdetfurth,
if
th^
German
A.G.,
Ger-
Co^y many* 7 The;-remaining 5,000 shares- are registered in the - name of
of;... MacNaughten'& Co. for the benefit of Ihe estate of. August Diehn,
I29«:33t;j; A another German national.—V. 162, p. 2634.
;
p.
.
.
>.'
American
'American Gas & Electric Co. Choice of Central SysGas & Electric Co—Choice of Central Sys-
fjtem^pproved by SEG—
and
Dickerman
director
director
a
Co,—Va 162,
'■
'.2■"
board
C,
a
;
similar
without par value,, with the SEC,.
nirpotar—!
is
,a
Iron
W. L. Lentz, Vice-President
The 'corporation
v:;3tof rsuch
New pixectpr
He
,
^
T&tliolf
inventories;".$2"810,468)"advances'expVndVtVres
1945
of
Steel
istered—:
.
Election of John W. Leslie, President' of Signode Steel Strapping.
^
-
,
on
rS™y iTLIes
gram.
The
.,
114
On
of
plus
3 American Potash & Chemical
Corp.—Stock Issues
114
—
Sales in September.
ItnwiMM
letter
stock
'Custodian, ;who has invited bids for the ^tock. •
\
The corporation,
which .will
receive, none of the
3 :>amend its prospectus vtO' include required additional
578,491
the
Dec.
Foundries, Ltd., Otis Elevator Co., and Montreal Locomotive
Works, Ltd.
.■ ';::V Robert B. McColl was
Vice-President -in charge of manufacturing
and
had directed American
Locomotive's vaS6'"war production pro--
there
,•
in
quotation,
from
'
114
30—
"'i'has beea-elected ••• to the board of directors.jp pyke-National Co. and Hammond Instrument
investment in:.. :;y*.
'"•
'3-1
.
and
market
extended
market
charge of manufacturing,
..Aalso becomes Vice-President of the
Montreal firm-.—V. 162, p. 2138.
T 7
$999,083
A
30, -1945.
1762),
p.
current
been
c
*
ampv
the
Chairman
Fraser
y''Works; -Ltd.
Changes in Eeacquired Stock in December. 114
Hotel
Such
1946.
McColL:has
as-
member
Mr.
and
t> at
a
W.
B.
General
?
—
at Nov.
,161,
the
has
American Locomotive Co.—New
President, Etc.—
-resigned-
'a
Member Banks
V,
at
share,
.
^.——..107
...
'Federal Eeserve System...
;
t'
158.457
stock——u-i
474,908
474,908:
474,908 'A
"Equivalent to $0.76 per common share in 1945 and
$0.61
rnon share in 1944.
r:
-.m3 V
7-: v
317,471;
BankSw.,
Condition
,
v
"V-140,570
J,;. 930,087-
$752,267
and
Duncan
T
Eates
Eeserve
$2,228,197;:
common
ASSETS—Cash
104
and Saies..^
'
$2,185,097
'
tender
•
;Combined Condition Statement of Federal
$2,385,259" |
200,162.,
160,786
Crl,658
825,718.; ";:'•
'•$861,657
pfd.
/
Foreign Exchange
per
certificates, in good form for transfer, are
^received at the corporation's office, 1 Exchange
Place, Jersey City, N. J.
The invitation as extended
expires on March 30, 1946 and is made
only to holders of record on Dec.
31, 1945.—-V. 162, p. 3066.
;
Dividends Declared and Payable.!—
107
The Course of Bank Clearings^.2.—,.*2.— 106
%
$2,155,869
$1,903,448
"
Vx of
104
Eedemption Calls & Sinking Fund Notices. 117
7,729,045
1945,"; (see
therewith
50c
31, 1945
quotation shall be the. last quoted
-sale
on
the
New
York
Curb
Exchange or the closing bid price
(whichever is higher) on the
day prior to that on which the letter
Exchange.. 104
—
16,
of
30,
Miscellaneous Features
"
income
Dividends
Curb
General Corporation and Investment News.
$9,884,915
$1,855,564
47,884
York
| State and City Bond Offerings
,
84,449
New
predecessor corporations) 3to tender to the
Corpo(less than 100 shares) of such stock for
sale, subject
conditions set forth in the letter to stockholders
enclosed
March
105
York Stock Exchange..
-
and
to
103
:
...
April
tender
100
——«
2, in
notice Of
corporation; includin.s?,
originally, issued by the';
Corp, (including shares represented
of
lots
terms,
premium
v
1,239,451
$1,716,041,{ $2,075,978
227,969
220,415
$1,488,072
Exchange.
Stock and Bond Averages
2,084,051
279,296
odd
the
dated
.
K
*
$13,208,417^?
$1,796,682
58,333
104 3
Exchangeill.____
3 NYSE Bond Issue Values at Nov. 30
income
non-recur.
$1,353,429
$1,818,114
deductions
Prov.
1942
1,991,968
362,612
■
103
Curb
Transactions
#
^
"
certificates
ration
to
Stock Exchange.
Stock
| Transactions New
:
-
638,678
■
Other income ——1
Total
v
:
100
___
■
-
'
1943
2,157,152
$1,423,529
—
opers,—
prof. fr.
gen. off.
&
V
.
2,461,584
$8,424,487 $10,271,122 $10,455,404
7,000,959
8,917,692
8,658,721
Gross profit on sugar
sales
10,710,325
$11,167,060 $13,652,761 $13,703,777
983,481
1,224,488
1,256,405
Net ret. on sugar sold
Cost of sugar sold——
Inc.
28,565,825
-
*
'
1944
_.1..
_—^
1 Toronto Stock
Exchange—Curb Section
Over-the-Counter Markets
:
:
Amalgamated Sugar Co.—Earnings—
■
"T
•
34,882.871
9,341,254
oper.
by
100
_ _.—,
•
•'$3,242,060 ,i:
11,224,071
railway——
from
Net
100
_. .
,
■
Jan.
represented
by
stock" certificates
predecessor corporations: United Founders'
Corp.; -American
Founders Corp.; American and
jContinental CorpL;, American & General
Securities Corp.;
America;
Second
1i-Sfc:ca/ities .Corp.; United States & Kritish. International
.•r'vO, Ltd. and Reliance Management Corp,, said:
>-3
'\c
>
3
"The term of the invitation dated April 16, 1945 to holders of,
common stock of American
General
99
—;
on
stock of this
Shares
■;399' '
.ic2
President
common
following
.
1,026,038
.
Gross from
'extension to the holders of
98
^^
.^
.Sto^k^rch?
Ellery C. Huntington, 3 Jr.,
;
97
St. Louis Stock Exchange.
'
1942
""
From Jan.
^
98
Lcfi Angeles 2 lock Excfaange
Philadelphia Stock Exchange.
Pittsburgh Stock Exchange_.
'•••;
American General Corp.—Offer Extended—
97
Exchange.
;.-• V -.."33:,-:,.;3
33-.
;
97i
Exchange.;,.
Stock
Power
Negotiating for $25,000,000 Loan—
92
621,468
income—,
88
(Bonds)--
.
:V'l943
\
Exchange
Exchange
Baltimore Stock Exchange.
Detroit
:,
'y..-J.'JvvV
Stock
Cleveland Stock Exchange.
;
••/if.'
' '?
$2,821,059 ' $3,187,519 (,$3,155,009
railway.,^—
railway—;
Net ry. oper,
fy-F&•
-
York
Cincinnati
Inc., include the Pitman-Moore Co.,
Royal Serum Co., Kansas City, Mo.; Sioux City Serum
Co., Sioux City, Iowa; Sioux Falls SemrnCp,, Sinn*.-.-.F^V-y*-
.
New
Chicago Stock Exchange.
Divisions of Allied Laboratories,
properties
Power
a $25,000,000 2%•
serial bank k&n have practically
been completed by the
company, and application for permission to con¬
summate the loan is
expected to be filed with the SEC within tho
'next, few days.
:
!y*
I'-1'."
"
Proceeds of the loan are to be
applied to $24,330,000 of company
debentures. The bank loan, which will be
unsecured, will replace the
-debentures and permit interest.
savings of $352,375 a year.—V. 162.
P. 3066.
•
Boston Stock
;
I
utility
Electric
West: Virginia
&
;r
New York Curb
*
.'
ret
retainable
.*%< Negotiations for
Issue
Pa^e
Stock Exchange (Stocks)—- 77
-New
O;
"
Indianapolis;
the United Serum Co,
This
out, tho
utility plant
of the Central System include the
Co.j ; Indiana & Michigan Electric Co.,
Co, Inc.; Kingsport Utilities, Inc.;
v-3v Ohio pQW
Power Co,
Wheeling Electric Co. and Kanfawha Valley Power Co,„
V''
v:r:VV
'
.
and
v The
Annalachi
Appalachian
Bond Quotations
•
The establishment of this pension program
enlarges a plan of em¬
ployee benefits which previously included group life insurance, health
and hospitalization, and sickness and accident insurance.
v
'
-
-
pension >
liberal life insurance benefits, and
employees
participate in the cost of the plan.
A separate plan administered by
the corporation is available without cost to
employees over ,55 years
of age, with five years past service.
:f;
'*<
-
•
program:,; ;
with five ' ;
years, and '55cyears,
service, are eligible Ad participate- in (a- plan underNew England Mutual Life Insurance Co,
This plan in-
years of past
written by the
eludes
of
ages
«
-
-
Inc.—Inaugurates Pension Trust—
the
Scranton
operating revenues of the American Gas system; The gross
utility
plant aggregated-$442,613,000 as of Dec. 31, 1944.
Kentucky
3186.
p.
v
f The corporation on Dec. 26 announced inauguration of a
trust for the benefit of employees of all divisions.
Under the
:
.
and
American Car &,Foundry Co.—New-Order Received-
;
20,354,624: 21,514,981 ^17,927,843
7,932,30'/:s: 10,594,372 -J 8,929,844 rSV
1,735,2262,776,325 CI,927,499 >
,'
of
pointed
consolidated
.
$i,y&z,bj,i
$1,952,611 Af$- The company on Dec. 28
,4
me
vu
QRCJ B0077-T not 1 no -.'^.VDtt+cKtrMrH* le-Woat-Wi,.rfrWo
969,522
1,086,102
-
6,364,780
Net
1942
sr,yo/,ubu
$1,957,060
•
606
565,606 V
«
105,357 ;
f
1943
oau
$1,761,630
;ir- 386,994
itself
businesses and operations.
Commission
1944
,
-
system
operates
..
1945
T
or the Atlantic City Electric
it would elect to retain
Michigan, Indiana, Ohio,- Vir¬
Tennessee .and Kentucky.,
which
;
Alabama Great Southern ER.November—
Co. and its sub-.
South PennsgroVo
•
T
.
the
or the Scranton Electric Co, system,
central
...
Electric
City
Co.
'
.
indicated/the Commission said, that, if faced with
retaining
system;
American Bridge Co.—New Vice-President—
Atlantic
Operating
j
American Gas had
a
the
;
,
-'y'S.7.
r.
s ',
American Surcty:Co-New Unit Starts Business,
-
.
.
Marking an expansion of the facilities and services offered in the
-United States by this company and its
principal affiliate, New York
$603,396; fixed assets (after reserve for deit
•
(Casualty Co., Surety Fire, Insurance Ci& began business Jan. 2 as the
that (the company under the geographical-integration-provision of , the ' i
preeiation,- $4,744,764),- $7,382,334;
third member ofv the-American
deferred charges, $99,289; total,.
Surety. Group doing business in this
j,
-»
315,436,837.
>'f :•(:■.•Holding Company-Act may retain its so-called central system and may
y. country. .•, Canadian. .Surety Co..and Gompania-Mexicana de Garantias.
TTAtiTT rrn?<?
nm»c
«OW€.Ma
1
'K
^.'3'
,"■■'3'-"f3 (AArrContinue in- existence as a registered holding company.7
S. a.,'are the other
underwrithig members
group!
7 1
Snnn 1°ngiterm credit agreement- installs,r However, according to the decision, the"company, a subsidiary of the. 7, vThe new company, plana for which' 6ave of the in the
been
making for the
$2°0»000^ accoiints payable and sundry accounts, •;> Electric Bond and Share Co., cannot contmue_ to control, ..in .cpn-;
3781,412; accrued ta?es, $2,016,857; long-term
past year;
or.^more, andL-)Vhich has.been Incorporated in New York, beliabilities^; "$1,800,000.; 3'3 junction 3^"ith the central system^ the Scranton Electric Co., the West
perUining
r
V
;
....
-
.u
r,-
,
*
^
•
.
"
7'"
;
'
/
SPECIALIST IN
'
•
' '-'• /
' '
-
<
3
■
-
Municipal Bonds
municipal department
■
qAllen
f
r
.
&
89 BROAD STREET
Telephone:
RAILS
Company
HAnover 2-2600
'
^
'•
" Members New .York. Security
»
'
Dealers
NY 1-573
;'
> -
Telephone •
REctor 2-3600
NASSAU"STREET,;.NEW
■
•'
Association
YORK 5
Philadelphia Telephone
Enterprise 6015
;3;:\•'.:
V."
PROSPECTUS ON REQUEST
HUGH
,
.
W.
•
.
45
:
any
.
_
NEW YORK 4, N. Y.
Bell Teletype:
INCORPORATED
...
stocks, inc."
DIVERSIFIED
r
INDUSTRIALS
7
york
*. INVESTMENT FI ND
Eohbe, Gearhart &
Established 1922
.
3;
/y ■■•',,3.iy:3-
V;"33''new
ELECTRONICS
3
FLORIDA & NEW JERSEY
.
_
Bell Teletype
New York 1-576
'
3
LONG and
INCORPORATED
;
48 WALL STREET
NEW YORK 5
t:
'
-
7
,
\
COMPANY
-
634 SO. SPRING ST.
10S ANGELES 14
v
..A."
THE COMMERCIAL &
FINANCIAL CHRONICLE
Monday, January 7, 1946
66
inland
other com*
,
coverage,
,
Telephone &
American
Telegraph Co.—Washington-
Television via Coaxial Cable to ;Begin
IV.:■ .
V
The company on Jan. 2 announced that the Bell System's new coaxial
cable link between Washington and New York will be used for tele¬
vision for the first time Jan. 15 when President Truman will be tele¬
vised while delivering his annual message to both houses of Congress.
This
event will mark the
start of regularly scheduled intercity':
television programs from Washington to New York via coaxial cable.—
Intercity
Y.
N.
Jan. 15—
162,
Dec.,
ended
vpeek
10.1&
of
output
& Electric Co., Inc.—Output—
properties of this company for the
29, 1945 totaled 72,865,000 kwh., a decrease of
output of 81,061,900 kwh. for the corresponding
the
1944.—V. 162, p. 3187.
under
week of
Arbor RR.— -Earnings-
Ann
'1945
November—'£.>•
Net
ry.
From Jan.,
TtVV^'V
Net
from
Net
ry.1
162,
—V.
714,515
laq'fiHfi
469,686.
.
an initial quarterly dividends of
AYucumulative convertible redeemable
payable March 1 to holders of record Jan.
declared
-yy
;y.::lG2,:;p.;:2938.::::.^^^y,
the
t;1.;. y ;v-\
at cost which
proximates market
Inventories,
/ Invest,
T "Fixed
adv.
20,993
100
subsid
M
companies
assets tTT---..-—
; %■
'•. •/
49,340
98,646
,
1,103,572
Prepaid expenses and deferred charges-T^-V*
T Hafib_s",ne er value of life insurance_-..i;_;.V
4,05
1,032,018
1,210,314
13,366
Goodwill
f
$7,690,877 $10,933,616
V:
$211,681
$1,259,720
590,246
1,781.358
48,206
89,999
-
1
13,571
13,069
140,000
2,ooo"ooo
2.000,000
275,000
275,000
Other notes payable—secured---J-I...A,
.
173,005
•
a.-«. * -
£V Total V-VVr'-U'.-.-,.
LIABILITIES—
7 86
2,928,781
•>.-
209,570
1,000
Paid-in surplus
Earned surplus
C.
and
'
•
~
233,367
166,409
142,265
1,875,683
1,993,962
—1
;
„
*V 7'^'
-
^
;?"*After
and war
reserves for
Ralffinftr#* X' Ohin RIt
fsauiinore & UniO KK.
"
166,400
142,265
1,875,683
'2,886,685
;—.
Faminoc
161, P- 2.
1
1
*
Earnings
Period End. Nov, 30—V-1945—Month—1944
1945—llMos.—1944
$
Ry. operating revenuesRy. operating expenses
27,476,150
31,424,417 336,008,066 357,390,834
21,933,931
23,832,921 254,448,757 259,563,238
^
--
'
-
-
Net rev. fr. ry. opers.
'Railway tax accruals
Equipment
rents,
5,542,219
7,591,496
81,557,309
629,135
4,311,631
656,754
34.269,402
5,546,250
net—
383,616
283,896 '$ 1,897,604
:
97,827,596
48.513,170
6,858,952
2,024,683
40.430,791
2,339,215
39,844,053
1,552,938
5,501,783
7,071,642
3,892,153
,
Associated Gas
approved Jan. 2 by
panies,
mission.
*
1
•
—
partner in Pam, Hurd and Reichmann, Chicago attorneys;
Chicago Furnace Supply Co., Chicago; George S.v Halas,
President, Chicago Bears Football Club; James W. McAfee, St. Louis,
President of Union Electric Co. of Missouri; William H. Miller, Vice-
47,502.433
R.
Public Utilities Corp
96,775
45,345,836
914,783
2,261,013
2,214,635
24,440,011
25,086.882
3,419,999
Fixed charges
Hardin,
Exchange Com
t
proposed transactions include;
issuance and delivery by General
The
—
-
the Securities and
Corp., was
1,580,743
19,991,042
21,479,535
•
936,016
Lorenz,
J,
Net
income
.
......
Federal
incoma
eleven
The
1.
^
depreciation and depletion of $5,006,204 for com->;:.
pany only and $6,107,175 for consolidated figure.—V.
A.
■:>,
$7,690,877 $10,933,616
The-:Cf.'% Total
education.
effective use of
'233.367
'
•
1
trie
2,025,000
1,753,280
-el
:
to
.
,
.
of
or
$1,553,881
profits tax.-
Claims
ApClaims Apr
Of
rn'-—settlement
Co.—Settlement
CO.—toeuiemem.
j
Electric
SEC—
.$306,160
449,254
;.
ap-
—
excess
cost
at
and
in
of
Consoi.
;y consoi.
^
,
receivable
refund
''
Not,.
•' .v
hand-..-.;;.--,;..-*-...*--..
on
Mr. I. R. Rehm, President of the old company and Tounder Tf the
joint facility rents; net v , 225, 712
business, will continue to serve the new company in an advisory
..
■ C77--7: :
capacity.
J* .t' '1
' f Net ry. operating inc.
4,303, 756
1,470,590
^
,u„tinn
riAr-inraHon concerned with proposed transactions;'s^ jn
addition to F. S, Yantis & Co. subscribers to the capital stock
- •
&P
the s^tlernent of various claims of Associat- •'
of the new company include George W. Borg, President of the George
S'Crlf'ro and
w. Borg Corp.; Commander D. O. Van Ness, U.S. Naval Reserve; Edwin > - Total income—*
a, 5,774,346
^ Electric Co. and its subsidiaries against the former's parent com- <;
■
Elpctric Co
and Associated Gas and Elecf. Deicke, President, Suburban Casualty Co., Wheaton; oltn«,6wA'
Louis S.
Miscell. deductions
"
93,334
onnies
Associated V«a& Uim iiiEV»..v vv,
—
Pnl^Vimonn
rhinoon
i
•
Associated
nrovod by
•
<•'wovb-at
Accounts
new
formerly asspciated
Dividend—
Ltd.—Initial Preferred
$1.12Vi per share on the
preference stock, par $100,
31.
For 'Offering,' .see
banks, and
•:
Government .securities,
S.
Post-war
company are; Mtlne J. Eckhardt, President,
with the Eastman Kodak Co.; A. B. Rehm, ViceRehm, Secretary, both of whom for many years
have
been active in
the management of the old company;, Kenneth
:tor
Lineberry, Treasurer, who is a Vice-President and Director of F. S,
Yantis & Co.; and Einor Borup, Assistant Treasurer;
ardt
Directors of the new company in addition to Mr. Eckhardt and Mr.
.WAn
PA.W
Lineberry Will include G. Marshall Borg of Borg, Erickson Corp., •
Chicago, Louis S. Hardin, partner of Pam, Hurd and Reichmann,
Chicago attorneys, and F. S. Yantis, President of F. S. Yantis & Co.
of
Officers
.
President
recently
directors
The
626,100
1945
30,
-
,
motion pictures during the war in training our armed forces
695.510
4
U.
■: •
,
■
,
■
'-s^i^KAccountsv'pajmble-andraccrued1 ^xpensesiiiiLi^
Park, 111,—Acquired - Prov. for Federal- income and excess profits
promotion, public relations,
employee training and
potential demand has been greatly stimulated by the
5
2134.
p.
Argus Corp.,
."
1,281,490
income,
oper.
5,466,692 v
1,327,123
626,413
5.616,967
railway
railway
from
Gross
121.283
5,508,502
1,617,828
,
_
equipment and the modernization of studio facilities.
,
The company is anticipating an expanded use of motion pictures
and slide film in both color and black and white for purposes of sales
T 62,037
45,955
■
.
JUNE
.,
for many of
Other notes: payable—unsecured,-—
organizations -{ Coal land purchase Contr. payable on instaland
government agencies. Unfinished business now on the books :jSii#XR®ent:ibasis^jl945
said to be the greatest in the company's history. Additional capital
Royalty contr., payable on instalment/basis—
has been paid in to the new company to increase working funds and
1945 t0 1947
1
to provide for an expansion; program, including the purchase of new
Common stock (par value $1 per share).:
$440,145
118,798 r
' y 52,388;
58,239
income—•
assets:—
Cash in
;
•
During its 32-year history, Atlas has produced pictures
leading corporations, trade associations, civic
1942
; 1
WV
America's
(
140,316
'151,500
oper.
•
,
1943
1944 V V
$471,069
''$531,188
;
railway-
from
Net
$545,509
railway—.:
from
Gross
,
,
,
,
•••'
Film Co., Oak
bankers.
investment
electric
the
_
_
SHEETS,
V7(Including wholly owned - subsidiaries)
by F. S. Yantis Group—Expansion Planned. *
'• '' taxes and Federal tax contingencies—.,
All of the "assets, goodwill and name of the Atlas Educational Film
Accrued other taxes—
Co., Oak Park, 111,, a pioneer producer of industrial and educational
Accrued interest
—
motion pictures and slide films, has been purchased by a new corpo/..Notes payable-to subsidiary company—
ration of the same name organized by F. S, Yantis & Co., Chicago yBank notes payable—secured—
American Water Works
Power
..
,
_
...
3187.
p.
New
companies'
the
BALANCE
Boston
succeeded- in
be
of
■
Atlas Educational
"
V,
will
Manager
present Claims Manager, will become Vice-President in charge of claim adjusting, to succeed Percy G. Craig, retiring
under the companies' pension and retirement plan.
Julian Story will
succeed Mr. Forrow.
Seth C. Hetherington, present Field Manager,
will become Vice-President in
charge of field production; J.< Harold
Poole, former Assistant Treasurer, has been promoted to the Treasurership, and Miss Elizabeth Cullen, will succeed him;.'
W' V;' ,
Other appointments announced by Mr. Winter are:
Norman Chris¬
topher, Hull Secretary, in charge of ocean hull .underwriting;, Roy
Thurnall, Assistant Secretary, in charge of ocean cargo underwriting;
Carlisle H. Boger, Assistant Secretary, in charge of yacht underwriting;
R. Kenneth Bell, Assistant Secretary, in charge of inland marine underwriting in the metropolitan tyrea, and John ~C; Schuler, Assistant Secv,v;
retary, in charge of special field production work.
in
proi"
All
of the promotions,
according to the announcement,- apply to
both companies and will take effect immediately.—V. 162, p. 2010. , --
Surety Fire will write practically every form, of
including personal property "all risk" pro¬
tection, and automobile fire, theft and collision insurance,
'
The executives and directors of the new company are identical with
those «of American Surety and New York Casualty Companies.,
A. F.
Bafrentz is. President.—V.T62, p. 3187,
>
\
marine
inland
He
office,
present
office.
George Forrow,
F.
Initially,
panies.
home
Brown,
Gardner "W.
by
Haven
62-year
is able
the
at
headquarters
all paid in by
business with a capital and surplus of $2,000,000
Co. See V. 162, p. 1386.
This announcement means that for the first time in the
history of American Surety Co., the American Surety Group
to
offer
the public!,
through agents and brokers, fire and
marine lines which heretofore have been written through
gan
American Surety
months
Beaumont Sour Lake & Western Ry.- Earnings—
I. Ellin, Public Accountants;
Maurice Kamm of Kamm, Griglick &
delivery by Agecorp to, and cancellation
Kamm, Chicago attorneys; and Herbert S. Schelly, Tax Accountant.
November—
1945
1944
1943'
1942'
of 250,000 shares of its outstanding common
Gross from railway
$669,072 v; $915,940
$1,152,827/; ; $733,835 - '
stock, and the reduction of Associated Electric's capital from $35,Net from railway
319,903 <; 463,158
'
697,743 ' •374,112
000.000 to $21,500,000.
"
:.•> 1
.
A07"£—For mechanical reasons it is not always
Net ry. oper. Income—
69,222
39,289
^203,434
37.284
"3. The transfer by NY PA NJ Utilities Co.,
another Agecorp. and
possible to arrange companies in exact alphabetical
"Ageco subsidiary, of the entire 166,600 shares of common capital stock,
%, order.
However, they art always as near alphabetical
Gloss"}ronf railway
of its subsidiary, Pennsylvania Edison Co., to Agecorp and the trans-;
8.777.076
11,284,653
9,696.818
6.900.955
$ position as possible. '
'
f
■ -i
'
i 1
< r
*
fer by-Areeorp of such shares ta Associated Electric.
Net from railway^
4,179,711 ^6,247.372
4.958.444
3,746.227
In
approving the transactions, ;thc BBC found them necessary org
k
i "■
»
,
» ,.
,,
Z1- i," Net ry. oper.: income-;^.
848,310 '> j.715^87^ 8> 929,184 . 2,253,383
appropriate to effectuate provisions of Section 11 (Bj of the Hold,ii^g
"(poJ^RfedTemptioEp of Bonds-tr
t
162, p. 2812.
Company Act. The Commission reserved jurisdiction over the
fees
The
company
has announced ^acceptance- of $2,705,650 principay:|^v^p
and expenses of Associated Electric and imposed the condition, that
mnnnt
nf tenders of Its
cpvi^c A
lni>nmo debentures pursuant
ito
amount of t#»nrt#>rs nf its series A income rlAhnnturoc miMiiont to its
Bellanca Aircraft Corp.—12% Cent Dividend
ff and when all or par.t of the 107,000 shares of common stock of>.
invitation of-Dec. 8.
The company will acquire SI.947,400 par value
"-ir•■T-iATr.-t.f/.i''
General Public become a free asset of Associated Electric the latter
of
its series A debenture
4s of 1975 at a cost of $1,716,944 and
The directors have declared a dividend of 12y3 cents per share on
•shall divest itself of all interest, direct or indirect, in the security
§758,250 par value of its series A debenture 5s of .1975 at a cost of
the capital stock, par $1, payable Feb, 1 to holders of record Jan._15«
within a period of 90 days.
.
'
- ;
$723 584.—-V. 162 p; 3066.
This compares with 50 cents per share pard on Feb. T, 1945,* and Feb.
The Commission issued simultaneously an order approving an appli- %
'
1. 1944.—V. 159, p. 1035.
Aoy,
AUJO.
cation filed jointly by Ageco and. Agecorp for approval of a second ;
their
Ayshire Collieries Corp.—Annual Report—
" :
i
post-effective amendment to —.. plan of reorganization. Under its.(
ajsmn
Id Shoe Stores, Inc.—Calls Preferred Stock—
fe rm s, rhe text of a loan agreement
•
1. That the final
maturity date ot SbVOU.uuo oi unsecuieu
.
.. . AibertM, Campbell, Executive Vice-President, on Oct. 1, 1
nnrj)10. 1hp
AVt>
fmm ,T:>n
i
iqai
in .init;
iqas thia - - ..The corporation has called for redemption ...
• on Feb. 1, v 1946 its out- ; ^
serial promissory notes will be Jan. 1. 1951; and
standing 7'> cumulative convertible preferred stock at $110 per share
The
2.
Associated
transfer"'and
Electric Co.
'
'
'
'
iQt
„
,
.
-
.
.
...
,
».
i
J!lllbQ0Jh0a"gef ^ngecuredTi^
2. That, such serial
;
notes: will state expressly that they are senior
General Public, Issuable.pur¬
4MiW: convertible debentures of
provisions of the plan.—V.
the
to
to the
suant
said in part;
.-Associated GaS &.Electric
ST"
^ utilities, art industry
»■" »■»' 10 "»
162, p. 2810.
Berland
.
J*"
Co.-Weokly Ot.lput-
Bessemer ft Lake Erie RR.-Earmngs-
Associated Gas &,Electric Corp, report that: the
the exact-amount earned by Ayrshire Collieries Corp, and all Of its * November-^' '
1945
Associated Gas Si Electric Group for the week ^ subsidiaries except Republic Coal and Coke Co, Republic Coal and Coke
Gross from railwav ' •
**45 oka
1945> amounted to 114.507,016 kw^., a decrease of
Co. showed a net income for such year of v.—-jNeui.-irom.;.raxjway-.M— i t 410,722
$124,014. When this com-> Net from- railwav
stock of Republic CoSl & Coke Co. as of
Net ry, oper. income.407,498
or .: 2.6^,: from the
corresponding weekvS.of. :1944.— • pany purchased all of'., the mount of Republic CoSl netCoke Co.. as of
stock in excess of the & assets of such
Not' Vv to
- -
output for the
kwh.;
3,028,101
V.
162,
3187.
p.
-
,
Atlanta & West Point
November—
Net
V-
raiIway2.-_-i^.Uw
from
e
,Net ry. oper, income—.
Jan.
From
'Net
Net
,
.
r
'
-
2,077,662
438,637
'M 368,225
3,576,880
1,481.844
577,080
Atlanta Birmingham & Coast RR."
-I
November—'
M 1944
1945
railway—-
$487,023
income-*.-
*86,506
*86,506
Jan.
1—
$577,615
130,301
*33,529
*19,851
31,738
from
Net
ry.
From
railway——3
7,385,242
4 1,011,681
income---
236,010
from
Net
from
Net
ry.
;
railway
oper.
162,
'Deficit.—V.
p.
'
1942
•
$547,639
23,871
102,364
oper.
1943
$658,249
"113,945
Net
Gross
"
railway-^—
from
Gross
.
7,175,363
6,569,934
'.1,516.041
349,759
1,843,005
5,442.494
1,415,992
509,855
389,807
Securities, etc.—
1
and
reorganization
company's
,
underwriters.—V.
the
were
162, pp.
Atlantic Coast Line
>;
347.
»
»
9,143,645
k
,
\
1945—11 Mos.—1944
S
10,702,662
Operating expenses
Vr%.»
.
RR.—Earnings—
$
revenues.j—
1387,
1945—Month—1944
Period End. Nov. 30—
'Operating
12,902,390 128,040.141 142,655,850
7,946,045
97,075,809
84,611,606
1,559,017
5,016,345
30,964,332
Taxes —^—
EquiTjj. & jt. facil. rents
600,000
3,750,000
20,750,000
.
233,066
3,404,647
820,825
income.
2635, 3187.
oper.
pp.
933,279
,
Manager
both
-
6,809,685
of
Profit
operations.;—2.
from
Other income-
-
Boston
in
office, will become Vice-President of
their ocean marine departments, with
(Mass.)
charge
of
.5,048.259
-3,
$1,049,297
;470,951
revenue...
oper.
Taxes ::
$1,627,547 $17,308,453 $21,174,453
692,301 \
Net
oper.
ry.
$346,062
income-
7,303,472
2,776,491
234,875
8,936.859
2,713,536
280.498
$694,569
.
217,741
"22,936
•
Equipment rents (Dr208,367
Joint fac; rents (Dr>._
23,917
Other
Income
$6,993,615
$9,243,560
1,177,131
105,551
104,921
.
'
$2,785,778
-
$2,725,568
7,627
12,537
1
.
$1,890,313
■ 16,832
percentage
the
•
X';- Total profit
$2,793,405
Other deductions
r
—
$2,738,105
104.596
82,185
•
483,280
Depletion
131,909
147,888
345^92
267,300
306.000
7,500
$698,024
$773,704
$4.91
$5.44
$550,230
$3.87
VV/'
413,100
534,000
Brooklyn Union Gas Co.—New Director—;
139,000
640,500
v——————r--".
Amort, of development costs.*-—.*-
Federal normal
excess
tax
and
surtax.—
profits tax-
—
Federal .tax
contingencies..—,
tAdjustment
____—
.511,335
$1,907,145
139,814
428,609
154.127
Depreciation
opposition to
difficulty in locating a great many of the
TV -Tt
' ■ ■■■>'■
■AT«V'
of the second preferred was not due to any
plan, but rather to the
162, p. 2812.
holders.—V.
.
Winter, President of this company and of the Centennial
announced on Jan. 3 that W. Irving Plitt," Branch.
the
expenses
"
11,984,783
Co.,
companies,
Operating
$7,092,794 $75,971,635 $80,371,434
5,465,247
58,663,182
59,196,981
$6,097,556
Operating; revenues
Operati
Net
1945—11 Mos.—1944
1945—Month-—1944
/1
'
Amortization
William D.
-November Earnings—
Boston & Maine RR,
.
3.281
106,000
I
George W. Burpee/ member of the
President of General Aniline 61 Film
4,764
—V„
income
for
the
year.
•Earnings per Common share*..—
p.
2141..
^
.
tAdjustment of advance royalties- equal to reduction in Federal
come" and excess profits taxes attributable thereto,
in-
-Bids
fori
the-purchase1 as
firm of Coverdale & Colpltts and
Corp.. has been elected a director.
.
a
■'
."••
-•:.
wbole cf. an issue of 350,000
shares, of
preferred stock will be received by the corporation, at Room 1800, 15
Broad St.; New York, N. Y„ ,up-to 11:30 o'clock, a.m.,-on Jan. », 1946.
The dividend rate is to be specified
in the successful, bid.—V. 16*2,
p.
3068.
'
•
••
*
In.
-:rv
.V'V'.
Corp.—Bids for Purchase of
V
V.V
Preferred Stock—
124,013
"
Net
162,
Buffalo Niagara Electric
Crl 82.000
of' goodwill——
Atlantic Mutual Insurance' Co;—Promotions—
Insurance
.
a
and
Federal
162,
nen
■
4,059,461
—V.
n««
1,171,883
wholly owned subsidiary have been gratifying. Republic has
will continue to operate exclusively as an independent sales k
$450,983
Total income
$800,120
$8,170,746 $10,415,443
organization. v,.:,
330,310
3,757,140
3,903,272
'•••'*-/ ' ''
1
'•'>
Rentals, interest, etc,--;:
331,316
Again this company was successful in acquiring additional reserves •
c,:;,...
of strip coal. ;2.054,188 tons were acquired during the year, of which
Net
income
$120,673
$468,804 $4,413,606 $6,512,171
^approximately 1,715,888 tons were located at operating mines. The
-V. 162, P. 3188. •' \ /
strip reserves on July 1, 1944, totaled 70,798,257 tons.
During the
fiscal year ended June 30,
1945, 3,338,978 tons were mined, yet at
? Bowman-Biltmore Hotels Corp.-—Plan Partially Ap¬
the end of the year our reserves totalled 69,513,467'tons.' Less than
half of our reserve strip coal is located near operating mines.
It Will proved—
take additional capital investment in substantial amounts
to mine
At
the adjourned special meeting of common and first and second
the undeveloped reserve Areas;' f'y
£•/'/;7
'■
preferred stockholders held on, Dec. 27, the plan of reorganization was
approved by more than the required two-thirds vote of common and
| CONSOLIDATED INCOME ACCOUNT FOR YEARS ENDED JUNE 30
first preferred stock.
1943 "
The meeting, however, was adjourned, again until
1944
1945
Jan. 24, because there was not represented the two-thirds of the sec¬
$5,701,883
Net sales.
$19,760,834
$7,134,888
ond preferred stock necessary to make the plan effective. \'
Cost oi sales, sell, and adm. exps..
3,901,570
4,409,315
16,975,056
Martin J. Sweeny, President, said the failure to secure the desired
42.000.000
138,192
rv.
nn
v:
14 hnnfttn
1C tlQfl Ada
sod
Co. .as
58,044,244
Net
dIOdi.UJI.
LU
.......
'l'. Net operating revs.__
i
r.flUlUUmrCU.
-
:
,
1
Vdllrae
•, '
,
recapitalization
plan
TV. 162, p. 347), $10,478,950 5% ,35-year sinking fund debentures due
11960 and 272,092 shares of common -stock- were issued under the
exchange plan and $121,050 of the debentures were sold to Southern
United Ice Co. for investment.
The 2,776 common shares not issued
under the plan have been removed from registration.
Courts & Co.
the
.OVWIJEU souiwiumuw
wu
basis
basis
year
been
'
2811.
Atlantic Co.—Exchange of
Under
Jan.
n<nm
rsrncc
-
the
t^e stock of tliis company earned $5.78 per share for
in question. Net Income for the fiscal year ended Junq 30, ,
1944, was $773,704, which was equal to $5,444 per share on the stoclc
outstanding at, the close of such fiscal year;:
During the last month of the fiscal year ended June 30, 1945, the
company obtained a $2,000,000 serial bank loan carrying V!o interest.
1 Total tonnage produced during the year under review wras 3,338,978.
This
compares
with 3,461,065 tons for the preceding fiscal year.it
Although this company owns substantial deep coal reserves, it operatesno
deep or shaft mines.
All coal produced is by the open-cut or
stripping method.
;
,
'
The results of the first year of operation of Republic-Coal & Coke, ;
_0ll this
.Sir^his
the
4,819,349
1,940,472
1,108,662
276,619
v
,'30,140
, 30,140
•
;
,
5 230 779
4 782 539
income—
2811.
p.
iViuuoi.J
36,426
36,426
J
...
,
railway
oper.
162,
From
corporation
'
1049
«i orr
I19
^ K kq! ;"
289,638
137,247.
318,514-^5t.517.347/;r^X.;'B?2,693,'«^.';
947
.
••
railway-
from
ry.
—V.
1
,
naA «V909 991
nfi'Su
: 296,345
oor'oic
,
11R.—Earnings
;fV .'1944
S3S3.713
$459,114
Y'4 91.871- i-'f''"-151,466
25,010
32,579
25,010
32,579
1-
from
>Sross
',
1
lV'V*. 1945
V1
railway—_
from
Gross
June 30, 1944, it paid an amount
,
'
'
yi
dinS
IcX'tva
5-
—
ended .Dec.'. 28,
104-?
1044
The trustees of the
electric
i
J'tT
<1
»T.J
.
'
Number 4453
Volume 163
of
Burlington Mills Corp.—Proposed New Financing—
the
to
Net profit
Earned
-^•V.
.
.
Net
share-.:-.—,J.——/«/— /
common
;
./,
•
£/.
,:■'■■'///
/■/•/.
$5,000,000 20-year 2%% debentures, dated
1, 1945, due Dec, 1, 1965. The debentures were
placed through Kidder, Peabody & Co., as agent.
■
15,888,975
11,677,340
$3,364,719
deductions; 167,389
$3,878,957
59,925
credits
Income
income
(less
'i-:'
■
r
>.
->'.■■■
'■
■>
'■ ■,,u '
..11
■ ■
Foreign income and
: ;
nrofits taxes (after
excess
V
•
Net
284,954
279,692
November—.
:■///'•>'• 1945
railway.—/
1S44
$250,877
.
$257,450
Net from railway—69,073
Net ry. oper. income
18,130
from"
Gross
From Jan.
>
Gross
from
Net
ry.
income '-—,
at
Total
1942
~
income— "
.
10,215,018
/
1,634,297
386,294
£ 158,999
,
Costs
and
assets
1944
$3,654,781
$4,526,589
1943
■
,
/
-
.
3,827,874
$446,464
Other income ;r,/r_„^_T /
25.256
.
;
■
/ $181,514
'l
CONSOLIDATED
-a-,-/
Gross income
.
.Other
$484,091
A.:;;//;/A?15
J*
/ on income
; $590,067
$155,850
$342,012
/'///■
taxes
customers
86,670
Liquor
60,193
in.
(est.)
into
delivery
for
•"
J
-/
income
$69,180
; $76,799
$145,940
"
"
CONSOLIDATED BALANCE SHEET, SEPT, 30, 1945
£
•
Invest,
'/'•/ASSETS—Cash, $677,087; O. 8, Government certificates of indebted-
1944
receivable
and
notes
to
controlled
but
"
.
•
U.
!
t
cates of
to
-
/
V
;r •'
^otfll
'
A--———r-—,—-
day
a
earlier.
*
these issues will be necessary.
1944
$3,082,180
railway.—railway—--
35,396,670
35,776,515
34,371.239
26,584,344
7,618,074
10,099,367
13,320,862
9,375,005
oper/ income—/
,-~v. 162, p. 3188.
4,808,893
5,899,645
,748,801
6.922,546
from
Net from
railwayi-a™,
oper.
Jan.
Gross
627,530
'.
....
,
/»;
■;:
railway—
Net ry.
8,889,193
' I-.4.
Earnings—^*
1945 '
159,251
.
preliminary; arrangements leading
investment banking firm of Kidder,
$3,041,793
724,363
535,810
505,292'
;
the
in
Central of Georgia Ry.-
From
123,503
■
prominent
those
November—
Gross
income—
1943
1942
-
$3,138,652. $3,029,507
1,156,877
1,368,523
72,465
999,121
675,359
•
420,091
1—
from
Net from
Net ry.
v
ii
Central Illinois Light Co.—-Earnings-
$26,361,962 $20,990,831
———
be
r
the
.,
' 84,234
V*^v''I'-'-Lt'
44
meeting will
proposed In the terms of the outstanding first preferred
-
',
deferred; charges——^44,4 595,977
1
Tubize
'
132,300
property, plant and-equip., less reserves10,439,836
Goodwill,, trademarks, etc.-_^^i—4
' 11
l1
and
series; 7% second preferred stock, or common stock of
Corp, of America. Therefore, nq exchange of stock certifi¬
Among
J
"*
Total
Prepaid. expenses and
corporation
stock.
common
'
~
$17,500); $17,553; property (after reserve for deprecia¬
tion of $1,555,303), $2,225,294; capital stock of Southern Counties Ice
Co. (364,105 shares—31.26% of total outstanding), $207,628; deferred
charges, $64,853; total,/$4,136,835, ;.j
.q/- £/Vv:,:///•value
this
of
merger
merger agreement was the
Peabody & Co.—V, 162. p. 3069.
■
'4: 365,911
'
<.
wholly owned sub.
""
S. Govt, and Dominion of Canada post-war
tax credits
1
—J.
,2~.
1
u„
stockholders
$4.75
Celanese
67,100
not
of
Tubize
the
the
No change is
stock,
130,167
———_
,
Vur<, due June 1, 1946 (at cost),$225,000; accounts receivable,
Inventories, $449,714; U. S. Treasury Notes deposited with
California State Treasurer Under compensation insurance regulations
$269,706;
■■
meetings
and
1,041,183
.
f/
and. advances
in
stock),
and
7
4,405,458 •••'.
* 185,267
'
.
was
i
500,000i
189,458
%
22.
In con¬
to call
preferred stock,
to consider the proposed merger of the Tubize company
Celanese corporation have been called for early In February,
made known on Jan. 2. Celantse shareholders are to meet on
Celanese
765,765 /
,
2,500,000 :
263,797
1,668,931
5,106,681
'
ness,
(face
(mortgages
accounts
Jan.
terms it is proposed that each outstanding share
preferred stock be exchanged for one share of Celanese
first preferred stock, $4.75 series:
and that each outstanding share
of Tubize common stock be exchanged for two-thirds of a share of
$3,283,511
4
Securities
$52,141
expire
the present
the
Under
■
Net
will
the new preferred stock, it is proposed
the
Feb.
30
*-.368,569
after
*
•'
'
purchased
bond
Sept. 30
Rights
subscription.
all unconverted shares of
of Tubize 4%%
containers returnable by
on
for
Rayon Corp.
;
$2.30
1945
receivable————
accounts
Deposits receivable
$112,334
A:/-//'Ar///
265,214
444,127
w—
SHEET: SEPT.
'
Inventories
Sundry
Net
—
604,157
deposit-^-.—$3,962,884
3'/« Victory bonds--'
"
990,991
on
7
directors
on
Special
-
605,107'
.
S. Govt, post-war tax refund
*—**
Notes, drafts and accounts receivable (net)——
■
4,401
/
,
from
Cclanese Corp. of America—To Vote on Merger—
-
145,844'
/
U.
91,294
-V
'
106,966
-
i U. S., Treasury notes,, tax series C—at cost—u
$208,029
.: 145,838
3,059
;
deductions--.-—
profit
Federal and State
1
U
BALANCE
^
hand and
on
Dominion of Canada
>
26,515
$304,747
141,864
$723,972
'// 133,758
interest
Cash
-
'
Bond
dend
-4-l:$10,687,282' $10,215,018
ASSETS—
'f. $262,950
41,797
37,627 ;/
shares
authorized the payment of the regular quarterly divi¬
present cumulative pre!errea stock, 4x/%c'» series/ payable
Feb. 1, 1946, to stockholders of record Jan; 16.-^. 162, p. 3188.
The
38,790
'
'.common,"share_-U,-.—/ $2.30
per
Jan.
redemption
series.
;
.
It
Earned
2,599,962
2,574,296
3,208.317
$698,715
i
common
-
'
—i
.
^
„
dividends
Balance surplus
f-
/
1942
$2,837,246 % $2,781,476
v
opers-^-.
record
for
152,644
25,675
"
(& Subs.)~-Earnings---
-"
incl.
exps.,
from
i
;
,
.
tion ($100 a share)—representing excess of
amount of,such preference over net proceeds
from sale of 50,429 shares
:
1
v
203,560
-
.
of predecessor companies—.4.--^
vCommon dividends J*!-
\;
Sept. 30—r
depreciation
//Profit
i
Amount required to state preferred stock on the
basis of its preference in involuntary Uquida-
Preferred
-i
_
of
number
is
nection with the sale of
"
California Consumers Corp*
Years End.
Revenues
the
in
1,200,000.
1
expected that 120,000 shares of the new preferred stock will
issued.
These shares will be offered to common stockholders of
It
$11,774,435 $11,010,609
surplus
of net
:^V.U62, P.-2813*:
V
Increase
an
900,000 to
$1,411,929
9,598,680
$1,559,417
beginnig of year_——-——
Adjustments of reserve for valuation of cases to
: amt. equal to 25% of ledger value of cases-Excess df cost of acquisition over recorded val.'
53,369
35,065
58,080
42,321
-
.
$162,683
2,784,842:
2,517,585
1,037,858 -// 932,922
547,205 V 560,952
2,975,795
1,009,029
448,633
railway
oper.
78,097
28,212
-i
;
►
-
railway—J-
from
Net
1-*
-
*.
1943 /
$171,766.
*
special meeting held on Dec; 27 approved a
the amount of 200,000 shares, par value-$50,1
a
preferred Issue in
authorized
be
Burlington-Rock Island RR.—Earnings—
-
at
new
'
Balance
..
stockholders
The
'
and
post-war cred.—1945, $27,027; 1944, $23,829)
1957,
Carrier Corp.r-New Preferred Stock Voted—
,
1,689,000
\
-
debentures due Sept. 1,
$2,236,000 after Federal income and excess profits taxes of $4,494,000.—
V. 162, p.. 2813.
,*'•///,7/.
' ■ t.'
$3,938,883
553,000
income.———^—-4—$3,532,109
Federal income ' taxes——-v,: ;• 672,000
Fed. excess profits tax (after post-war credit—
'
1944, $206,085) ———L——
1,021,000
applied by the company
been
amount of $4,833,000.
feed stores,
10 retail dairy stores and is one of the largest manu¬
facturers of dog food in. the United States.
A subsidiary,:, the Albers
Milling Co., is the largest milling company on the Pacific Coast.
Net sales for
1944 amounted to $148,000,000 and net income
to
'
Net
debentures have
new
the
In addition to its evaporated milk business, company now has a large
fresh milk and ice cream department.
The company also operates 29
15,951,968'
13,225,372
*
the
;
sold__/.v--—:
incomei——:
of
outstanding, in
sell., distrib. and gen. and adm. exps..
operating
Proceeds
,
to the retirement of the entire issue of 3%
1944
1945'
:'$32,479,067 $31,508,266
—
goods
,
Net
2813.'
162,' p,
of
Advert
$4.20
$2.63'
"
-
sales
Cost
3,934,938
4,980,729
after charges and taxes—*—.
per
come.
ip-■■
.
.
.
stitutions
Dec,
CONSOLIDATED INCOME: ACCOUNT, YEARS ENDED SEPT. 30
Ended—
Sep. 29, '45 Sep. 30, '44
A—-—r.199,847, $93,387,417
Years
Sales
advertising schedules, adopted at the beginning of the war period,
designed for both immediate; and long term benefits, and that
full measure of its success Mil not be realized for some time,
was
annual meeting on Jan, 15 will take action
on
a
proposal* to amend the certificate of incorporation^ to authorize
50,000 additional shares of cumulative preferred stock, par value $100,
and 150,000 shares of second, preferred, par value $100.
The board
of
directors, in making the proposal, has recommended the initial
issuance of 100,000 shares of second preferred.
It is intended that the proceeds of the sale of the 100,000 shares
of second preferred will be used to reimburse the corporation for ex->
penditures recently made in acquiring certain operating businesses and
for expected requirements in connection with further acquisitions and
for improvements to existing properties.
'
V
After giving effect to the fssiiance of the 100,000 shares of second
preferred stock, the' company will have outstanding, in addition to
these shares, 150,000 shares of 4% cumulative preferred stock of $100
par yalue, and 1,721,772 shares of common stock, $1 par value.
stockholders at the
The
67
THE COMMERCIAL & FINANCIAL CHRONICLE
;
;
'
payable, $44,373;
/'LIABILITIES—
'
Accounts payable—trade,
$907|569
$878,049
taxes payable and accrued, $310,450; taxes imposed on and withheld
Dividends payable
204,871
'
from employees'
compensation, $23,276; accrued Interest on bonds,
I U. S. and foreign taxes on. income—1,934,975 4 2,661,573 4
$79,350; ice distributors' reserves and other deposits, $75,252; 5%
Other -taxes
fixed and income interest mortgage sinking fund bonds (due Dec. 1,
r
' 307328
Salaries, wages, commissions, etc
i '
188,565
1955), $2,645,000; deferred ciedit (storage charges billed in advance),
158,151
Notes" payable to bank, due Aug. 31, 1950
.200,000
—,
$22,665; reserves for compensation insurance, $9,167; reserves for
contingencies, $30,000; stated capital
(authorised and outstanding, 4 Liability to customers for deposits on returnablecontainers-'-L"*42,402,095 ?'' 2,317,67254,274 shares of $10 each, including 574,/2 shares^ to. be issued in
conversion of shares of predecessor company when presented; voting
Liability for liquor purchased for delivery; after
"
^
LIABILITIES—Accounts
$208.703;
payable,
wages
—
——
revenue
$1,136,375
563,156
128,500
a-——
Operating' expenses—
Deprec. & amortization.
,
,
i945—Month—1944
period End. Nov, 30—
Gross
Provision
for
taxes_i„:
.1945—12 Mos.—1944
-
.
$1,065,735 $12,930,548 $12,290,913
484,432
5,673,680
5,149,311
128,500
1,542,000
1,541,500
i277.225
3,626,066
3,544,467
270,224
"
..'J Gross income
■
$174,494
A'—
int. A: other deductions
$175,577
49.760
i; $2,088,800
635,151
$2,055,635
636,263
52,970 ;
—
"
162, p. 2267.
total,* $4,136,835.—V,
surplus,-$145,859;
$542,740; earned
in treasury),
held
1.332 shares
certificates for
trust
30 ;'__A-w_A^AAA_—■ 76,514
Sept.
*$4.25 preferred stock
j .•£
Common
V
1945
•
,
""
1944
Earned
$5)
3,075,785
3,075,785
1,482,450
10,687,282
1,470,092
10,215,018
Brl69,853
.
.
stock in
treasury ,11,000 shs.)> at cost
Balance
—V. 162,
'
Operating revenues,
-'Operation.
"
construction
to
Maintenance
General
■-/aaa-./.aa^/-—•J,644,005
chargeable
expenses
Cr35,467
189,775
143,017
.1——/—///—X——— '
266,504
for 'depreciation——a——.,;
——
■'".•.'•v.
.351,137
Non-operating
■"
•>
income
—./
25,737
//
——
.
before ' deductions—a—.
$1,414,376
$1,508,363
,;977,320'; v
905,197
./Deductions
■'
Net income
,
Dividends
.
:
—
—1
Balance
,
:
-
i.......I.i. 11.1-,,I,...
'
- ■
>
-
4
k
delivered
and
to
:'
Canadian National Lines in NewJEngland
£ $300,677
1945 4'
Gross from railway.--—
1
November—
Oross
from
Net from
Net
;
1945
1
railway.—.
•
•
-
$135,842
railways—• 47,941
income—
// 51,257
From Jan, 1—•
"
from
Net
ry.
—V.
railway
income—
oper.
162,
p.
—j..,
.56,304
57,851
1942
4» From Jan. 1—
$157,575
36,870
Net ry. oper.
'
540,235
that
kll
time
phases
conditions
shortages
Imports.
the
-
its
The
sales
The
of
letter
of
to
T
and.
domestic
company,
however,
sugar
of Sparkling
ending of
the
long-deferred
The
is
affected by war¬
and /labor costs,
spirits, and restrictions on liquor
did enjoy substantial increases in
were
Gross
considerably
alcoholic
■
to
begin
carrying
beverage
out
them.
the
common
was
.
•
scarce
>
the
of
*
„
products, preservation
•
of
1945—Month—1944
revenue./income/.:
income
charges
*759,29 1
/ *661,017
-
$s
Net
1945—11 Mos.—1944
:
other
442,898
;
.A/// *$1,103,915
income
v
4,870,486
435,179
>
/ $238,070
;
4,890,124
$204,896
$1,330,405
railway——
railway—A_— ;
income-—-
$441,189
92,609
$537,529
5,324
-
Jan.
1—
'
1943
1944
1945
*
4;' 71,576
1942
$518,228
$484,271
182,771
4 227,198
245,713
:
129,639
170,285
■
..
'
November, 1945 deficit was caused by the payment of
$1,654,098 in additional" property taxes and" penalties to the < State of
Jersey, for the year 1941.
The additional taxes were levied
because of a recent State Supreme Court decision upsetting as it
New
affected 1941 taxing a 1941 law, which set up a new method of taxing
railroads.
The law was held constitutional, however, for all. years
162, p. 2637.
.
'
'
'
after. 1941.—V.
railway— 4 6,132,918
railway^—n-AA ;
2,175,588
oper,. income—1,656,312
5,554,267
2,051,152
.1,095,432.
5,907,833
2,607,317
.4,730,286
2,034,156
1,501,791
'
and
granted; to 4
—L1/-4a-^—$5,740,000
earnings
162, pp.
3069 and 3188.
•
November---
Net
Canadian Pacific Lines in *
November-rGross
Net
from
from
railway--$96,902
railway-^-—*64,933
Net. ry. oper. income—
From
Jan.
Gross from
...
$107,199
♦29,290
*61,746
ry.: oper .Income—
♦Deficit.—V.
162,
<
*612,937
v
*130,035
P42813.
$121,962
"
*43,290
"
*76,339
*100,504
J■'
!'•''
4
''
♦76,592
" • fr-
1,392,597
1,223,021
*497,598
*958,075-
*486,265
*901,825
'
;
Carnation
1,314,088
*232,232
*598,653
:
Co.—Debentures
/
Placed
Privately
The
company,; largest manufacturer of evaporated milk in
United States, sold privately in. December: to in¬
the
."
1
•
'
'
ry.
income-—' ' /;
oper.
48,571
,
"> •.//' ;.*y.
.•
,
.
1944
$771,091
275,319
1943
$774,008
268,630 ;
' 174,744
179,936
1
railway....-
1
1942
$706,562
.226,340
142,350
From Jan., 1—..
7,558,946 ': 8,142,511;
from railway.......
1,062,204 ; 1,861,964
ry. oper. income....,,.;
83,Q27 .4 / 832,126
from
Net
Net
.
162,
p.
2638.
.
8,459,329
2,316,033
.
i
1,342,915
/
.
7,513,575
2,174,603
1,304,781
s'
Central-Violeta Sugar Co., S. A.—Annual Report—
1942
$126,092
*112,104
'1,266,843"
railway-.
from, railway—A-A- ;
1943
-
•
from
Gross
—V.
:-
•
Net
/
1944
1—*
Net
1944
Vermont—•Earnings-r-
1945
■
1944
4." ^-■;;4
...
c
1945
railway
.$680,014
Net from railway-..—,./;'"
142,006
:
Earnings—
^
Central Vermont Ry.—-Earnings—
•
2813. :4'';'::44;4444.-4
.
.
K-v
1,982,672
Crosby," President, on Nov. 20 stated in part as follows:
consolidated profit and loss .statement for the /year ended
Laurence A,
/ The
Sept. 30, 1945,- shows net income as $728,454,
per" share on the 141,510 outstanding shares Of
the
company.
For the previous year, ended
balance .added, to earned surplus was $853,902
equivalent to $5.14
-the capital stock of
Sept. 30, 1944, the
(equivalent to $6.03
a contingency reserve of $250,000.
In
because of smaller: sugar production, due
principally to drought; and costs rose further because of a substantial
statutory /wage increase and the grant or a participation in the
proceeds of blackstrap molasses to the cane growers, by Cuban Gov¬
ernment decree, the* legality of which is in-doubt.
a.
'The consolidated net current1 assets of-the: company and its sub¬
share),/ after ^providing
1945, income fell oif chiefly
per
..
sidiaries., at Sept. ,3d 1945.: were
$1,716,463,? At-Oie end of the; previous
Commercial and-Financial Chr«mcle (Reg; V, 9. Patent Office) -William B.; Dana Company, PutaUshers, 25 Park Place, New York 8, NX Y.V
Dana Selbert,,PresidentjvWiHiam -D. 'Riggs, Business-Manager. rPubllshed twice a week.,{every Thursday (general news and; advertising. issue) With a
sta^t^iu^sue on M noa^, , oznw
(Telephone/ State 0613); i.Drapere' GardensXXondon, E. C., England, c/o Edwards-& Smith/' Oopj^ri^tjOjS.
I^".^mi^y^lU«^ew«
«s. ?econd*clasrmatl«r-PW3niary-25, l942,va't,theB^toffieevat.New"York, N./Y;, Tinder the Act.of^^Mafch;3,:'iii79k .Subscriptiops/lh Diilted States, and. PossessioMj^ae.oo l^r^year,.
.
Canada, $27.50 per. year/ South and Central America, Spain, Mexico and Cuba, $29.50 per;year; Great Britain,,Continental.Europe"(except Spaln),_ Asia,^Australia and Ainca, $ji.vju per year.
NOTE: On account ofHhe fluctuatlons in the rates of exchange,-remittances for foreign-subscriptions and advertisements must he-made in New'Tork lunas..
offices:1 135"S.-La SaBe St., CMcaga 2. 111.
v
$4,900,299 $51,850,142 $56,032,509
578,658
4,062,370
5,252,800
673,249
5,075,382
6,220,529
$3,982,464
;
NOTE—The
company
of equitable/distribution
quality standards, and "maintenanceprogram
William
r
the
warrants
4444'•
.
4Mtv Moore pointed out that the
of
stockholders
taken -under
*334,455
-
Jersey—Earnings—
deductions
r
*1,105,543
$6,231,000
»
.
issue >
v.
Traffic
their production,-particularly ; of
Spur, the Canada Dry cola." .
Axi issue; of 50,429- shares of $4.25 cumulative
preferred : stock/ sold
during the year, provided-funds for new building, and expansion of
both the carbonated and/ alcoholic
beverage businesses.
This stock
•
*594,508
♦1,199,383
$7,741,000
—V,
is
crease
to
;
authorized
oper.
Fixed
4
Canadian Pacific Ry.—Traffic
machinery and sugar, will expand as soon as a number of licensees
can begin operations,
Mr. Moore said.
Some, relief in. the sugar situ¬
ation is hoped for by next
summer, enabling present bottlers to in¬
offered
4
10 Days Ended Dec,.31—. • ,
^ .
1945
^
'Traffic" earnings. ;___4_a__;-—-.-A--4—i--—4—_ 4 '$7,637,000
Week Ended Dec, 21—
1945 "
6f
.of; the entire
4
1.919,400
4
on
division
.
^
1974,
oper.
ry.
Gross
and sherries was announced earlier this year.".;
..
The licensing of domestic and foreign bottlers to produce, carbonated
Canada Dry- beverages,, though handicapped in the past by shortages
first
1,598,000
oper.
4-v. 162,; p.
brandies
was
1,701,700
from
.Net ry..
.
of post-war
way
preparing for the addition of
new
brands end the expansion of present activities, the report said.
Acquisition of the agency for exclusive distribution of Pedro Domecq
92.5
2,093,900
Net irom
.
Water, he said.
enabled Canada Dry
program
ry.
From
transportation
war
under
from
Net
expansion, Mr. Moore reported.
five modern bottling plants in this
.country and one in Cuba, and Work will' begin •shortly on six addi¬
tional plants. Four existing plants purchased
during the year brought
the total of company-owned factories ' to 29.
4
Construction
Net
from
Gross
increased
as
1,
Period End. Nov. 30— a
Gross
*371,586
*420,659
41,022,763
f
California
4
*313,G52
335,498
November—
stockholders, R. W. Moore, President, said
the operation
such
'
Central RR. of New
$126,900
*170,572
•
165
company
'
ICC has
Aug.
*138,928
incmoe——
$952,042
;
•Deficit.
2636...> ,/ £;/XZ//;/;V
his' annual
1943
501,606
$917,764
the company to extend fromT Nov. i: 1941
the maturity date of not exceeding $3,000,000 of
Railway 1st mortgage, 8% bonds and of not ex¬
ceeding $2,500,000 of Sacramento Southern RR.
1st mortgage 6%
bonds, and from July 1, 1940 to Aug. 1, 1974, the maturity date
of hot exceeding $949,000 of Chico
& Northern RR.
1st mortgage
4% gold bonds.—V. 161, p. 2637.
''•
The
to
Central
Earnings—
Canadian Pacific Bines in Main—Earnings
..;
Net
in
pro-
''
$154,500
*81,709
0Deficit.—V. 162, p. 2313.
864,852
692,909
Canada Dry Ginger Ale, Inc. (& Subs.)—^Report-
«
'
Treasurer,
the
that
Bond Extension—
1,922,593
1,674,774
: 502;511
601,464 /
538,708
;
Simpson,
Gross
railwayNet from railway—-——
$80,807
$82,934
; ;
.
4,.
60,003
1,676,437
689,868
1
Gross from
"
1,418,063
/.'/ 490,499
;
•'
$112,012
' - 21,609
61,596
f
from railway—
Net
1943
1944
:
2813.
p.
28,1946.;•
43154,700
\ *19,474
;
4*74,328'
Net ry. oper. income—^
$142,299 i
ry. oper.
Gross
.
RR.—Earnings—
V-lS44
A.
$140,100
*72,894
*126,153
Net irbm railway——™
$1,419,371
-
Broadway, New York,-N. Y., has
will entertain bids for the surrender
for redemption of first refunding mortgage bonds due Aug.1 1, 1949
at prices to be named by the bidders, to the amount of $31,025 held
in the sinking fund.; Tenders should be made before noon on Feb.
•
for their post-war/ development
44: ; 4,
Toronto
4 •' Novenibei^-4v:4'44/':
Cambria & Indiana
'
4gram; in 1946.—V. 162, p. 3188. 4
—V. 162, p. 2636.
.
V.
208,502 s
$324,857
.
shops
1
$509,179
$531,043
206,185
—
preferred stock—a.,—
''-r-;7' Vf?:/
>.•
Vw-L*
on
1
-
The order calls for 50 Canadian Car-Brill 44-passenger electric
trackless trolley coaches and 25 36-passenger city transit type buses
/for urban service in Toronto, Ont., Canada,; 4 ,
; >
44 ; ■ ■'
4 i
.4' The coaches and buses Will be manufactured~ in the Fort William
12,289',
f
^Balance
-
$122,607/ $1,453,648
41,800
501,608
41,800
■Central Pacific Ry.^Tenders Sought-—"j
J.
worth
Toronto
pounced.
;$1,<482,626/ $1,402*,087
value,-—V., 162," p. 2813.
'Kv>,4/. >• -vv
approximately $2,000,000 has been received from
Transportation Commission, V. M. Drury, President, an-
order
An
the
.operating-.-revenues^-—a*//Ja^//a//Ia—
£ Net
no par-
•;
$124,734
stk.-
—X-
announced
Cana dian Car & Foundry Co* Ltd.^-rNew Contract-r- 4
V
v'261,117
369,019
*
,1/1,4
,
$26,361,962 $20,990,831
4,•Reprtpsented by-50,429 shares
.
Cr39,655
————
,
v-.■;/»
./..Total'
-
.
taxes
Provision
$3,644;381
1,522,490
$3,912,276
...—v
engineering
and
General
Net income :1a
Dividends on pfd.
„
Brl55,223
—A—_
:
surplus
Common
-
(par
.5,042,900 •'
—
(paid-in) surplus^A+^i-ir--^-;
Capitol
California Water Service Co.—Earnings—
12 Months Ended Nov, 30—
stock
*
.
fiscal
year
to 331 342
2.203,769, phys cal gallons
7eie529-895 uags
of 1944 weie o**y,oyD bags'
of
of
ficrnrp's
irtn
irfheu
record
our
St SS?ar(Including
"nf
crop
of
equivalent
sugar
: raw
of sugar) and
1945.
June,
'
•
■
,
•
•: "
of
Sales
f.
sugar
expenses
120,914 ;
;
Other
-
oper.
23,080
$1,400,110
$325,327
105,983
117,942
56,686
$773,072
$1,282,167
$266,641
$730,008-
Crl26,741
Crl26,304
Dr3,781
■a
—
tax
—
contingencies-
income
tf. S,
X'
1
*'■
'
tax
304,569
169,308
profits
for
Prov.
Net
ry.
''
250,000
..
for
inc.
'
share—.:
per
$5.14
K' '%:•
<
$1.55
$6.03
....
;
.
.
ry.
November—
Gross
Net
from
Net
from
Net
income.^—7y
5,168
1943
7
•
720,339
railway
sales
Net
Cost
"■
31—
of
Gross
301,020
$339,933
Other
from
ry.
3,959,589
1,502,700
716,916
of Canada, Ltd.)
" /
1945
Gross
Net
...
77
—
1
excess
Prov.
•
for
from
(net)——
excess profits
and
68,292
Dividends
Earnings
Net
ry.
Notes
■
at the
to
Advances
Investment
in
and
facilities,
Patents
■
and
patent
1
2.5 " '
208,424,000
7.8
206,377,000
4.5
The
'
'
1*
*
nolders
a
f ?Y
^
cost
ration
(less
reserve
'
$2,236,282 • $2,314,237
$2,117,029
i"
^553,800!
678,334
410,309
.
697,464
371,033
24,940,381
25,027,818
21,423,122
6,423,757
6,068,370
7,674,372
in
applications,
at
for
5,317,418
3,377,129
less; in
Unearned
Preferred
cost
Common
—
stock
'
1944
$2,273,337.
710,704
'
lieu
:
Elizabeth
C.
review
.
-
..
the
of
'
,
j.
Lownsbury and
of
the
other
a
'
of
-
and
their
of
existing
rights
and
common
output
1,219,563
355,899.
v
375,777
.
'
of
electric
Edison ( Company
"v *
-
company
energy
subsidiaries
of
WP^
NOTE~~For
,
4,511,502
5,769,672
income.—
3,959,678
4,519,351
.
•
,
,
'
,
,
System
0.1% i- Local distribution • of
electricity amounted to 178,700,000
hours, compared with 174,900,000 kilowatt hours for the cor*
responding week of last year, an increase of 2.2%.—V. 162, p. 3190.
possible
2639.
of New York, Inc.—«•
,
announced
2
kilowatt
to
mechanical
■
in
always
are
it
reasons
companies
arrange
However, they
position as possible.
"
is
exact
as
near
'
*
not always
alphabetical
alphabetical
"
•
•
has
Terminals Co.—Partial Redemption
called
Continental Gas & Electric Corp.—Calls Stock—
,
vliThe "company
for
outstanding
and
*
-
31 announced it had accepted $10,000,000 as a
companies, for suits charging infringement
Dec.
on
six, steel
from
Laughlin Steel Corp. and the Crown Cork & Seal Co., Inc.
Metal
Process
had
been
Co.. said
paid.to
the
the
money
involved
Cleveland
(Ohio)
in
i
settle--
the
Federal
Court
pending settlement
of a case in which the Department of
charged Metal Process with fraud in obtaining- two of the
That suit has been pending since 1943.—V. 157, p. 343.
V,;:.v
had
Airlines, Inc.—Registers-
has
registered
SEC.
is
Company
date
$20
91,400. shares
will
offer
the
of
common
stock
its
to
stock
(par $1)
holders
common
be
to
a
share.
No
arrangements
have
been
made
for
under¬
It
is
for
their
own
accounts.
that net proceeds of $1,751,178 after allowing for
be applied
toward the purchase of additional aircraft)
operating property and equipment aggregating approximately
$1,327,000.
The balance will be available or general corporate pur¬
poses.—V. 162, p. 2814."
*..•
'■
expected
will
Colorado & Southern Ry.
November—
Gross
Net
Net
from
from
ry.
1945
railway
From Jan.
Net
1—
Net
p.
1943
1942
612,724
274,925
-
.
2639.
296,759
384,530
14,458,018
15,644,700
12,966,393
4,681,924
5,523,895
5,032,561
9,623,910
3,425,343
2,320,688
2,705,904
3,050,102
2,480,414
$1,411,398
$1,094,035
.
606,717
.
493,020
409,714
Mr.
558,102
-
par)
—
pari—
i.
—
"
825,000
Net
5,399
Net
1,354,900
3,720,625
1,354,900
3,716,458
47^,845
473,012
2,680,833
2,586,291
Jan.
from
Wl^ p!~2656r~
'
1944
2639.
The
.
Pictures,
ferred,
and
75,000
that
operated
because
details
some
In
with
connection
termi¬
should
show
favorable
position.
A quarterly
'
for
earnings
the
year
-
s
letter
and
a
strong
financial
t
•
*
stockholders
to
points out that reconversion of
Continental's main plant at Muskegon is well along, with production
Increasing toward a projected peak next Spring. The Detroit plant is
now getting under way on a diversified
production program which will
include engines for the new Kaiser and Frazer cars, industrial aircooled
engines,
•
other
and
clutches
customers.
and
The
cient for at least two
■
miscellaneous
letter
stAtes
that
products
unfilled
for
orders
automotive
are suffi¬
of excellent business. :':\y:yyy"
Mr. Reese stated that slowness of delivery of new machine tools and
difficulty at times • in getting prompt delivery of engine accessories
purchased
years
from
other manufacturers whose plants have been tied up
have somewhat retarded elforts to achieve maximum pro-r
major difficulties have been encountered, however, and
strikes
No
reconversion
neither
said,
.nor
production
has
been
delayed
seriously,
ha
v" ■" v .•
/vA\1
:
v, >
-.7::%:■■■■
Continental^ light plane engine division, which has orders for mord
than
34,000 engines in the 65" to 210 horsepower range and is the
■
■
principal supplier of engines for the personal plane industry, has been
enlarged to handle anticipated production ten times as great this year
as in
1941, Mr. Reese said. Improved plant layout and installation of
special purpose machine tools on a scale never before feasible for any
manufacturer of
light plane engines arc expected to have an Important
bearing on production costs.
• T.
Manufacturing facilities of other Continental divisions are being
adjusted in keeping with indicated post-war needs.
The Wisconsin
:
its
Corp.,
original
facilities
$151,661
$155,406
48,627
59,694
61,440
22,967 ;
majority-owned
a
use
now
has
enlarged
substantially
and will place the added
stated, The wholly-owned Gray
program,
this
year,
has
early
division
Marine
subsidiary,
expansion
$500,000
in
productive
he
capacity
approximately
150%
than
before the war. Meanwhile, Continental has relinquished
the large government-owned Dallas, Texas plant which was
during the war and henceforth will, operate a factory branch
lease
of
there.
$138,943
.
22,345
547,313
616,599
722,016
power
1,669,613
447,661
Continental
and
search
Aviation
and
development
projects.—V,
Engineering
work
on
gas
Corp.
turbines
is
continuing
and
other
its
re¬
advanced
162, p. 3190.
22,515
1,622,211
,
212,963
.
,
..
..
',v-
319,889
240,940
253,105
Cornell-Dubilier Electric Corp.—Partial Redemption-—
The
shares
at
corporation
its
of
$100
per
.
Corp.—Registers
Preferred
:
corporation
said
>
Immediate
Columbia
v
r
1
start
war
contracts remain to be settled, it is impossible at this
compute earnings for.the final quarter of the company's fiscal
year which ended Oct.- 31 last, He added-that the 1945 annual report
1942
1,551,473
-
railway
oper. income
ry.
will
of
operated
"
1943
1,393,897
1—.t
railway—^.
from
—V. 162, p.
*
$10,620,700 $10,831,789
Ry.—Earnings—
1945
from
From
Gross
590,000
$1.75 per share.'"Payment will be made at:
16 Wall St., New York, N. Y.—V. 162, p. 2815.
to
greater
,
railway—$120,493
Net from railway—38,708.
Net ry. oper. income—19,303
498,751
per
of
hydraulically
Reese
nation
time
Motor
;
Colorado & Wyoming
November—
Gross
747,230
r
all of ths"
sharef
April- l. next,
stock at $110
on^
preference
.
railway——
railway—:—
ry. oper. income
162,
'
$1,719,265
from
—V.
1944
.-
'y'';' :y'
$1,378,577
income
oper.
•
-Earnings—
537,877
.
railway.,
Gross, from
$624,748
prior
production of a new Diesel engine line
controllable pitch propeller as soon
as tooling can be completed, C. J.
Reese, President, stated on Jan. 4.
The Diesel engine line has been under development for several yearsi
and substantial orders already have been received, he said.
The pro-t
peller, developed by Continental Aviation & Engineering Corp., a sub¬
sidiary, is to be made by the latter company in the governmentowned
plant in which operations were conducted during the war.
Arrangements are being" completed for leasing a portion of this plant?
for the propeller project and to manufacture parts and sub-assemblies
for automotive, household equipment and other manufacturers.
duction.
share
a
and other
46,787
dividends
corporation
new
a
by
$20
expenses
1
7%
of
Continental Motors Corp.—New Products-— 1
and
of
4,999
$300,000
accrued
foK-redemption
has callcd
shares
the Bankers Trust Co.,
J. P. Morgan & Co., Incorporated, sinking fund trustee,
Street, New York, N. Y.—V. 162, p. 132.. .
•
*
the
price
1,970,297
<v
1
162, p. 3189.
*
t
Jan.
on
order..
a-record
'
41,050
.
share¬
of
1942
Jv
$3,04/6,166
1,497,209 : 1,769,402
596,38,7 ' ^ 664,490 ,
1943
•-
The
The stock not subscribed to by shareholders will be
writing the issue.
purchased by individual members of, the board at-the same offering
55,213
2,063,341
~
output of electricity
(electricity generated and purchased) for the week ending Dec*. 30;
1945, amounting to 186,600,000 kilowatt hours, compared with 186.100,000 kilowatt hours for the corresponding week of 1944, a decrease
set in-January.
They will receive the right to
subscribe for not in excess of 91,400 shares of common in the ratio
of one
additional share for each three shares held.
The
offering
20,554
,
•
share*
order
Commission's
decrease of 26,757,820 or 11.35%.—V.
a
Consolidated
•
$3,151,727" $3,158,944
P
SEC—
>--V*
provisions
,
court
kilowatt-hour
12,643,989
held
6,937
—
($5
weekiy
27,692,938
company
be
with
income taxes,
1945, claim for renegotiation refund-
Capital surplus—
Earned surplus
.
of
sought
in
33,461,110
already
'p
19,002 ;
935,457
and Dominion
($100
sentence"
of
plan of re-*'
corporation's
Public Utility
;
a
office of
patents.
less
——
etc
stock
"death
Re*
remaining 15%.<
*:. 15,845,158
to
bonuses, State and local taxes,
income
assets
Output—
2.963,333
4,600,408
3,302,301
1945
company
Justice
-
(banks)..
payable
Federal
the
had
14,018,329
ment
,
payable
royalties,
.
s
1944,
347,505
25,994,406
Court
the!-request
down',
this corporation adjusted to show
general business conditions ot
territory
served
for
the
week
ended
Dec.
27,
1945
amounted
to
208,942,481 as compared with 235,700,301 for the corresponding week'
1942 *'
1943
1944
396,257
184,680
income^il
oper.
Jones &
$10,620,700 $10,831,789
Prov.
who
35,195,364
C. The' Cold
3,821,146
103,981
for
—.——————
Accrued payroll,
turned
2
Weekly Output—
#
2,106,974
————-
LIABILITIES—
Accounts
under
holders the
its
Notes
Jan.*
on
Of
$2,490,284 :
V
Supreme Court
proceedings, the court let stand a reorganization program
eyentually will give preferred shareholders 85% of the corpo—
which
-Earn-
Minneapolis/■& Omaha Ry,
U.S.
' '
.
Holding Company Act,
Rejecting the petition
2,428,612;
;
*-
.
.
also provides for the granting - of licenses, to the
companies for use of the process for cold rolling steel which was'
the infringement suits.
•
'
vl: Steel: companies involved are
the Bethlehem Steel Co., American
Rolling Mill Co., Youngstown Sheet & Tube Co., Wheeling Steel Corp.,
865,315
22,418
—
'
amortization
4,229,270
.
The ' settlement
$1,836,522
1945;. at cost¬
.....
at
-
steel
1944
v
20,129
excess
amortization)
.
involved in
7'77'v
676,244
102,900
profits taxes——.
Other
than
emergency
facilities,
at
cost in
cash and securities (less reserve for deprec.f:
Emergency
31
4,459,622
—
cost in
at
Dec*
q
4.7
activities
of patents, according to an Associated Press dispatch from Youngstown,
'
»*,
: *v
$1.04
2,289,016
".
employees
1944
of
Post-war refund
1944
stockholders of the corporation for review of
organization approved
by the SEC to streamline the
Ohio, which further added;
445,975
majority owned unconsolidated
a
in
reserve
■'-*
gioup.of
1942
.
Cold Metal Process Co.—Settlement of Suits—
''
OCT.
1945
——
subsidiary,
English
less
officers
>
209,898,000
This
356,780
$926,977
deposits:—.3
obligations—
lower of avge. cost Or mkt.
charges..—
JL.930,069.
.
1945
Cleveland Union
the
67,745
BALANCE SHEET,
receivable, less reserve
accounts
and
Inventories,
Deferred
'''
redemption on April 1, 1946, at 105
and interest,
(a) $99,200 of first mortgage 5xh% ' bonds, series A;
(b) $217,800 of first mortgage 5% bonds, series B; and (c) $179,000
of first mortgage 4'/2%
bonds, series C.
Payment will be made at
$533,020
$1.01
Canadian Government
and
f
210,138,000
railway—31,007,560
19,989
446,475
—
• •
demand
hand and
an
par).—— 7
CONSOLIDATED
ASSETS—
tr. S.
\
1—■'
162, p.
The
1
COMPARATIVE
Cash
($5
v
•
'
1945
Commonwealth & Southern Corp.-High
fuses to Review Reorganization Plan—
23.2,806
-
67,745
357,080
—
share.:—
common
per
♦Revised.
stock
outstanding
shares
Common
98,758
,
-L—204,790,000
;
railway—10,456,059
from
~-V.
337,949
$520,869
preferred stock.————l...
common
on
7' 264,877
Co.—Weekly Output—
W.eek Ended—->
■.
-
1943
1S44
752,446
1
railway—
Jan.
Colonial
"
—
5%
899,003
income^..
dper.
Net
7% 246,147
324,954,
profits tax
income—
on
"914,174
1945
railway
company
Net
892,382
ti
railway.L^jr.i
Gross, from
-.2,488,043
293,354
27,931
Dividends
55,333
.
•
•
railway
from
From
$3,857,955
2,687,990
taxes——_—•
income
Dominion
-
$3,643,917
23 8,09 7 y 7 214,038
$3,923,388
income—-—-——.
Belling, shipping and administrative, expenses—
Other deductions—interest, sales discounts, etc.'7
Federal
157,876
106,849
Commonwealth Edison
Jan.'
Net ry;.
^
'
$3,685,292
_
Prov." for
848,592
"-r-'.' ^
from
The
•1944/':
$17,818,985 $17,896,968.
14,133,693 ,14,253,051
—
income
281,629
,
.
2,277,054*
y^:- November—
f
v
^
Federal
2,416,696
88,744
,
3,583,684
1,462,051
800,714
—
for
206,524
6,746
1,372.366"
2639.
p.
Dep. 15
Dec.:, S
Cincinnati New Orleans & Texas Pacific Ry.—Earns.
69,738
'
income————-
Prov*
2,570,025
1
oper?
162,
—
St.'Paul
from
1,293,989
income
Dec. 22
5,578,246
Net ry. oper. income—.
—V. 162, p. 2814,
;
',141,751
79,545
salesi—
Total
5,791,236
income—/
Chicago
1,517,485
'
$331,558.
118,880
*
-
1
78,388
1,908,598
\
6.867
31,301
—•*..*—200,033,000
192.198,000
Dec.
1
197,011,000
"~V. 162, p. 3070.
:
6,449,582
-
-
~
,*
railway.—_
Net, from railway.^—L_
7"7
$355,827
104,253
.
_
.profit
-
$482,840
215,102-
'
206,214
84,655
* ^ 71,493
railway.
oper*
From
>
;P; 46,281
(Including Cherry-Burrell Corp.
.
Years Ended Oct
V $520,898
6,147,419
1—
6,690
75189,928'
Electricity^ output of the Commonwealth Edison
group 6f coripa*
excluding sales to other electric utilities for the week ended Dec.7
22. 1945, showed a 2.5% decrease from the
corresponding period last
year.
Following are; the kilowatt-hour output totals of the
past four
weeks
^nd percentage comparisons with the preceding year:.
■'
1942
1943
1944
$563,581
241,356
132,317
<
20,110
>
from
Gross
Cherry-Burrell Corp. (Del.)—Earnings—
v
■'!
'7
1945
$565,308
railway.^
settlement
.
-"/y*-
income—1,
1942
i
$119,168
'
ry.
.
1943
■
23,370
1,531,331
:
1— >
oper.
1944
$141,880
■
nies,
oper.-income
23 Wall
oper. income—*162, p. 2813.' -"7 '7 ■
2,702,335
from
Gross
'■
;
1942
•
,
4,211,391
1,475,115
684,833
..
3,743,552
railway
ry.
—V.
21,523,867.
11,197,464 77: 7,109,435
3,521,561.
3,337,811,
9,706^033
2,366,838
Jan.
* Deficit.—V,
29,667,772
2813.
p.
November—
From Jan. 1—
Gross
6,050,452
.
-Earnings
43,823
income
oper.
railway—'
from railway.^-,
The
-Earnings—
1944
$290,222 .7
19,572
railway..— :'
Net ry. oper.
studio facilities.—
4,924
•
Net
■383,257'
from
Net
stock
.
1945
-
railway.—
from
from
2012.
Western Carolina Ry.
Charleston
•
162,
162, p. 2813.
Net
accrued!
a share, plus
preferred convertible
$2.75
<.v~»4,746
;
Net
$2,156,566
817,173-
208,324
railway—
from
Gross
railway..__ 157,370,403 153,740,015 150,168,323 125,957,757
railway—i—34,123,653
46,329,524
56,782,231
a
Net ry. oper. income— *. 18,746,100
21,728,041
36,977,522
23,168,693
v •Deficit*—y, 162, p. 3189. s
•
" "
>'
'
•
Net
_
p.
ry.
From
V
'
1,001,499
31,544,413
.
income.—
Jan.
Net
SEPT.;30, 1945
(see contra), $7,947; ac¬
counts
receivable (including estimated'amount receivable for sugar
Bending liquidation), less reserve, $74,747; estimated amount receivabl^
in
connection
with
blackstrap molasses sold under regulations of
Cuban Sugar Stabilization Institute), $243,252;'sugar on hand (after
deducting
estimated sales 1 Expenses of $14,007), $177,084; .^tiUerj
inventories
on
hand, $191,487; materials and supplies (at average
cost)
$443,975; receivable from cane growers rfor advances, interest
end rentals, $297,234; membership—New York Coffee
Sugar Ex¬
change (approximate value based on market quotation—$2,600), $2,500,
growing cane, $178,215; working animals and livestock, $6,464; rights
under
mortgage receivable,
$1,000; property,. plant and equipment
(after reserve for depreciation of $948,831), $2,983,377; prepaid ex¬
penses and other deferred charges, $119,312; total, $5,695,918.
LIABILITIES—Accounts payable, $116,047; accrued taxes, $191,265;
ether accrued liabilities, $8,016;
retained cane liquidation* and. un¬
claimed interest and dividends (see special deposits, contra)» $7,947,
estimated freight and handling charges in Cuba on sugar, molasses
and alcohol, $68,077; deferred credits, $10,910;-reserve: for contingen¬
cies, $250,000; capital stock (par $19 each), $2,688,690; capital surplusarising on consolidation, $727,935; earned surplus, $1,627,029; total,
$5,695,918.—V. 162,
1942
$2,830,141
131,389
27,562,098
special deposits
$969,323;
ASSETS—Cash,
Net
;
V'
1943
"
realizable value.
portions at estimated
CONSOLIDATED BALANCE SHEET,
*,-
' 1944
65,511
railway.
railway.j...
from
:
•
'
_
railway.",
from
Net ry.
-283,000
i-' $4.64
212,265
353.775
■
...
unsold
•Including
•
353,775
———
-
Earns,
income
i; From Jan. 1—
$657,717-
$220,579
$853,902
$728,454
year-
paid
Dividend
;'7
■
railway*:—c $14,160,376 $14,321,852 $13,650,437 $12,129,130
Net from railway—^—" v. •717,320
4,446,630
4,724,341
4,071,251
"""33
"2! 050
outstanding shares of
working capital. ; All or a part of such additional,,
capital may be applied, when conditions
permit, towards the
from
'
1945 \
/
November—"
122,583
42,281
.
all
increase
to
Net
&
""
oper.
From
Gross
$780,333
\
amendment
Hemphill, Noyes & Co. and
preferred to the public will be
Columbus & Greenville Ry.-
•
,
from
Gross
Net
-
•
oper,
Net
$262,860
<
the
preferred
by
the
Xv November—: %;X"X
1945
Gross from railway
$134,705
Chicago & North Western Ry.—Earnings^—
..
The
upon
the
to
by
improycmenj; of; the studio, and . for additional
from
Gross
■
and
$1,408,471
$899,812
of
filed
4^26,178 :
50,324
.
headed
price
be
1,093,729
Jan. ;1—--V 77
from railway—.
Net
—V.
The
will
the SEC
Issuance
amendment.
dividends,
and
J
railway
1 $2,060,661 $2,739,189
railway——7
'•465,782'
'868,437
from
54,956.
is
group
Co,
rate
with
for
attached
2,430,528
oper.
ry.
$784,965
dividend
stock
income—,.^. 1,319,371^
P; 3189.
Net
14,617*
\
income
for Cuban
\
1942—
&
reserved
cdmmon
^et proceeds will be used to redeem at $53
,
" 1943 *
The
stock
common
be
to
for
working
from
$770,348
57,932
•
'
Total
Prov.
'
1944
warrants
underwriting
Hallgarten
Chicago & Illinois Midland Ry.—Earnings
60,347
$879,054
with respect to
of prior years-
The
initially
are
the
7,598,509"
oper.
ry.
18,783
$302,247
opers._—;
from
Profit
1945
from
Gross
$1,342,178
of
8,647,186
November—•":7'v:"v:/
;
*'
to*'
used
.
$818,708
—
expenses--
Adjust,
X;.
be
y.v&>'rA\ ,.;:y'v,;;•
From
l.
.
income
Total
Gross
101,237*
19,109
shares
exercise
9,037,921
November—
Gross
Other income
•
!r
will
for
public XX stock certificates.
railway—:— $17,002,042 $21,130,865 $19,604,556 $16,464,263
•Deficit.—V.
from sugar
molasses
and
14,798
16,332
T
The
Chicago & Eastern Illinois RR.—Earnings-
.
1,030,403
103,009
statement
non-assessable.
railway.— -, 226,084,087 220,591,627.198,420,239 149,006,077
from railway—1,— ..' 90,778,364> 87,181,138
91,207,112
60,048,637
ry.-oper, income—: v 27,402,167 L 24,955,68lX 36,171,403X 32,550,439
Net
1942
1,018,476
,
.
registration
a
stock,
from-
Net
1,592,871
:, 114,577
1,540,596
,
depreciation—
Maint. of non-oper. mill
and gen. exps. of mmoper, subs. ———
for
Gross, inc.
'
•
•*
ry.
Net
other,-
Mfg. shipping and
Prov.
X"' •'
From Jan. 1—
Net
cane———-i—
of
Net
Net
•$3,778,592
$4,746,008 •$5,669,724 •$2,927,747
1,857,822
1,484,902
2,605,300
2,241,458
of ,molasses
.
Cost
SEC
value
railway4,835,659"
from,
Net
~V- I62-
b.
o.
and sales
port
Cuban
"
•
1943
1944
1945
1
I""*
-
from
Gross
YEARS ENDED SEPT. 30
CONSOLIDATED INCOME ACCOUNT,
^
non-detachable warrants for
filed by
Gross
W:
Until
the
with
par
Chicago Burlington & Quincy RR.—Earnings—
November—
molasses.
invert
3,207,814 gallons.of blackstrap molasses.
A vear ago it" had been-expected that ouv 1945 production^ would b
tJ" 16*below that ot
The diflerjmce between »>.«.
m-oduced
$1
_
Spanish pounds each of raw sugar and
blackstrap molasses.
No invert ™olans,f
325
filed
of
price is 35 cents per share.
The proceeds
'prospecting and development work.
continue
about
of
"
shares
offering
following accounts, as it was,
the
in
reflected
not
is
15
Nov
on
has
company
1,250,000
as
declared after the close of the fiscal year.
The company's 1945 production amounted
Monday, January 7, 1946
75,000
common
The
1945\the company has paid two
dividends,
follows: $1
per share in July, and $1.25 per ,shaie in ^®Vle ^
(in each
case
less 5.8%
withheld for Cuban*diJ"*nd Sd
•^prond
of these two
dividends, declared on Oct. 24, 1945 "mci pala
calendar
CHRONICLE
^hesgro Mines, Ltd.—Registers With SEC— ;
current assets were
1944, the consolidated net
Sept. 30,
year,
^5hv°the
FINANCIAL
THE, COMMERCIAL &
.■v.-.v-
.
with
x
has: registered 75,000 shares of cumulative
shares of common, both without par value,
and
called for redemption on Feb.
1, next, 400
$5.25 cumulative preferred stock, series A;
payment
plus
will
accrued dividends of 23. cents per share.
made at the Registrar and Transfer Co.,
be
redemption agent, 2 Rector St.,
Years
Net
pre¬
has
outstanding
share,
Earned
—V.
Ended
profit
per
162,
Sept.
p.-
share.,—
1510.
New
York, N.
30—
after 'taxes
Y,
1945
•
——
$685,829
$1.37
1944
$772,170$1.71
'
»\
Volume
Cuban American Sugar Co.
Years Ended
Refined
and
sales
sugar
.
and
raw
(& Subs.)—Annual Report
19^4
1945
.
.
sugar sold and exV
producing and selling '••••'-'
sugar and molasses.._^^w ;36,339,239
raw
v.,
;
$i,b43,lo8
423,696
1,215,166
•
803,695
-
the
Total
Pro-/,
$4,377,298
income®-—*®-®®,®®®:
lor
deprec.,
for
U,
int.,
S.
$7,061,747
$2,066,854
446,622
1,145,650
■691,920
etc.®®®®
and
Cuban
•
■'income®.®®-®®®®®®-®'
on
»
taxes
1,352,209
,1,939,611
510,568
-$2,578,468
$3,976,486
$864,360
27,069
la0,965
28,054
3i4,6a7
1,042,876
392,600
defendants
which
Net
-
profit,
for
®—
year—
entirely
cannot
we
and hurt their good
restore.
I
trust,
however,, we
in
1,027.236
861,318
72,479,195
74,746,102
66,171,674
.Net from railway—
/Net ry. oper, income^..
13,985,347
4,539,606
20,445,543
23,196,285
21,882,0.97
5,624,438
lo,034,468
10,409,347
1—
New Member of Board of Managers-
.
can
1,981,685
559,777
Jan.
from
Lee
of
Jan,
25
to
—V. J62,
Boston, Vice-President
Co.,
Previous
agers,.;
part
Stack
P.
Insurance
Life
has been
to
its
3190.
p.
elected
recent
shareholders,
indictment and the granting of the motion."
the dismissal of this
by
1942
$6,001,171
2,020,469
66,975,058
From
Gross
in this community,
name
1943
$6,310,494
1,073,026
railway....
position
criminals,
as
1944
$6,557,187
1,471,737
642',088
Court and
Supreme
RR.—Earnings—
1945
$5,530,665
from
railway....
Net from railway......
Net ry. oper. income..;;
were
.
Prov.
Gross
they occupied before the Indictment was
put to great expense, had to go to the U. S.
back, with the; incidental expense. The fact that
the charges have been published, in tbr- papers, that these gentlemen
have been—what appears now to be-unjustly—accused of a criminal
offense, can never be wiped out.
So I trust in the future these cases
will bj brought as a civil rather than a criminal action"
>
■
\ ■
•
"I do not see why It
was ever brought as a criminal case.
The
acts complained of could have been effectively restrained by injunction,
better, really, than by information or indictment which branded these
20,316,840
.$6,268.0;>2
#3,102,132
future.
the
to
They
brought.
35.953,182
;■*®®A*- ®_:
in
case
defendants
5
profit_• ®2U®'
income-*—
of
Delaware Lackawanna & Western
November-
will be more-tax e.'ul in initiating this type
A dismissal of this case cannot
restore the
Government
the
trust
I
\
of
Gross
Other
.
$39,501,372 $42,211,234 $21,959,998
__
refined
Dense,s
■
<
69
attorneys of the Anti-Trust
Division of the U. S. Department or
Justice had moved for dismissal of the case.
It is as follows:
"Tne motion
is" 'grantJu;. Tnis is the proper enuing of this case.
*
1j4J
:•
®
sugar
molasses prod
of
Cost
■
Sept. 30—
•
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4453
163
the John
of
member
a
of
Mutual
Hancock
board
the
of
man¬
into the Lackawmna System,
not be required to surrender cer-
merger
who
will
;
*
Dividends
on
V/r<
Dividends
on
5 Va %
on
common
'Dividends
preferred
and
at,
bills
alcohol
cost
less
-to
in
$3,983,812;
redemption
(valued
planted
mortgage
1,042,376
SHEET,
SEPT. 30,
have
no
they
did
Court
1945
value,
$2,718,267;
bonds
in
not
and
and
of
miscellaneous
$234,978;
cost),
and
working
investments,
and
$147,384;
Cuban
payable,
taxes
on
due
salaries
$780;
and
of
non-callable
$100
(after
U.
t
in
lambs.
live
per
the
At
cwt.
time
same
there
were
*
and
oper.
advertising,
for
than
other
to
Income
11,066,039
1,539,324
10,168.483
Net
,1,794,454
Shares
|ng
of
1,954,236
2,152,162
,2,025,603
#/
350,869
13,132,047
1,090,007
1,146,149
323,862
323,8^
ctzm,yjb
4.690,000
8,528,117
8,184,334
2,505,097
3,190,061
3,431,454
745,092
r
•
_®
.
'
outstand-
'
preferred
the
of
old
deducting the
result in an
WORKING
830,049,000
of
expense
redeeming the old stock. This change
of $128,000 in preferred stock dividend
per share on the common stock.
.■
-
annual saving
equals
28p
CAPITAL—During
to
debt,
term
$32,652,000.
and.
the
at
amounted
company
Oct. 28, 44
'45
; 22,947,568
less..259,795
24,954,020
499,518
21,197,879
22,174,406
—*—
—
(incl.
to
There
end
was
of
the
$17,000,000
5500,000), the lowest since
working
1945
capital
decrease
a
year
(after
of
increased
'
,-,996,339
■V
EQUIPMENT—As'of Oct.
properties."plant
$22,174,000 sat
and
the
This
year. '
,
accounted foisby the fact :that provision foil; depreciation of $1,543,000
and
the net value of the property retired, $370,000.
during the year
the
exceeded
The
and
construction
new
principal
items of
refrigerator car
which
amounted
construction
facilities
icing
were
a
Sioux
at
to
$937,000.
City,
la.;
a
„f
.
artificial
new
.
,
;
■2,723,047'
739,034
1
:
order.
1
1945
in
tions
In
decrease
share
per
ail other direct
dollar
per
of
sales
INVENTORIES
end
the
as
of
the
the
As
1944.
The
amounted
by
Per'od End. Nov. 30—
®ther .ta*es
each
GOVERNMENT
to
dollar
the previous year
and
earned
before
taxes.
CONTRACTS-Inventories
$22,948,000,
or
ended,
year
approximately
undelivered
$800,000.
Government
''
at
amounted
contracts
mendation
Office
no
sale, of
during
1944.
refund
due
the
to
*
NO
products to
the
United
management is of
Government resulting
States
Government
States
the
on
''
Gross
if
reasons
the
opinion
from
for: the
there
profits
Armed
Forces
Armed
will
be
products
on
Forces
during
no
sold
the
,
that
the
of
during war or peace we are forgoods we produce are prepared in much the same
this we are! not confronted with the problem of
stock
&
rail
railway.^.____
suit
a
of
the
U.
the
packing
S.
to
the
in
U.
S.
third
case
Chicago.
by
was
This
in
The
second
Court
joined
to
in
in
filed
case
in
June
has
in
It
of
/:.?
income
'
numerous
in
1S41,
in
It
alleges
fix
to
of
the
December
that
prices
1941
of
packingof
meats
estimating costs.
U.
defendants
S.
inside
District
and
The
Court
outside
3.
the
District
Court of Northern District of Iowa and
alleges that
along with others conspired not to buy in excess of a certain
percentage of the hogs offered on the public market at Sioux City, la.
company
With
further
reference
to
these
indictments
it
is
timelv
to
recall
at this point a statement of a judge in a
case, similar to those men¬
tioned, in the U. S. District Court at Denver. The statement, quoted
in this report last year, was made by the
judge after one of the
1943
1942
$75,618
$115,965
5,554
50,161
17,647
27,039
164
'S
35,828
.
*
933:795
S.
'
■
137,026
904.106
131,138
1,078.464
153,517
62,950
61,712
35,473
306,534
;
414,578
& Ironton
•
from
-
t
Wet
■
railways-
0pe
1944 T
1942*
1943
•
$625,273
$713,481
$726,733
$851,021
161,813
railway—-.
From Jan.
RR.—Earnings—
1945
0
front
272,823
197,397
318,664
283,551
198,419
221,501
'Wrf?
income
* mCOmeT",'r'
1—
'■;
front
Net
rv. .oper.
—V.
"'«*
r\
a
not
always
,
Co.—Earnings—
i^-'
"
T*
-.
S/92,420
329.073
1
r-'.,
162, p.
'
<
e\
a
•'•4'
\
k
V
..
*V:.
1945—12 Mo?.—1944
162,
138.243
1,801,261
19u;s89
.
442
755
8,460
$2,057 010
$163,223
$1,898,593
560.000
„
46.667
560 000
3,930
it: 78,350
1,633,293
: ^.,333
479,148
1945
$1,418,660
Net
Net
ry.
'130.735
1942
.
40,343,082
41,013,779
43,424,777
20,379,185
21,600,563
11,208,593
railway.—
11,693,675
23,620,190
8,776,688
28,791,462
8,091,460
:
" ,*
income.®
oper.
.p*d,."'stocks 'for period-
Gross
378,878
;
.j.
ZitTZTIZ,
507,386 //:
1945
Net
r
"•
meeting
Jan.
3,
voted
$1,070,155;;;
■
that
,:/,
$294,477
/ ■: 39,298
ry.
—V.
v;
5/"/
,1
,1943
1942
$35^508
$279,104
41,178
// 89,848
20,259
raiiway«®£ ;;/3,834,290 /; 3,975,642
railway—719,525 /■;
913,108
4,031,338
3,917,004
1,324,976
income®* ,//// 480,846 :/,/■ 647,345
1,054,889
1,167,4/7
877,033
15,409
I—»
97,509;.
•
oper.
162,
p.'
^./,//®/-"
2816.
■\-Bh
mon
Duplan Corp.—Annual Report—
Years End.
Net
May 31—
sales
*Cost
£
sales_;
of
Operating expenses
Net profit on sales®Deducts, from inc, (net)
Dejay Stores, Inc.—Secondary Offering—Goodbody &
Co. on Dec. 27 made a secondary distribution after the
State income
Federal
Fed.
of
dealings on the New York Curb Exchange of
6,500 shares of common stock.(par 50 cents). The distri¬
bution was made at the last sale price ($15) on the Curb,
concession to dealers of 50 cents.—V. 162, p. 1510.
•
71,524
Jan.
from
Net
com-
1944
$361,764:.
irom
Net
the
*
112,253
railway——.:/
frcm
Gross
>
rafliSray
from
Net ry. oper, income—
$1,170,517
2640.
special
:
:/v;
Duluth South Shore & Atlantic Ry.—Earnings—
$1,549,395
\
a
-
38,945,786
.728,141
■
162, p. 2145.
-V,
Dayton Rubber Mfg. Co.—Plans Split-Up—®.''vl
with
694,475 /,,
380,379
t:""*--'
raUway__
from
249,470
16,996
$129,622
*
close
1,987,128 ;:
1943
1944
$2,199,541/; $3,570,231
:
;; 23,098
a
3,783,411
634,365,® ■649,366
1,526,814
531,118
November-
at
3,767,161
1,926,266
$1,328,071
$136,232
to
-18,814
■
$4,054,175
2,437,806
1,067,249
fronf
Gross from
10,527
$112,626
..r.^
stockholders
.54,183;
^
Prom Jan. i__
.
ooo^
'5,203
167,492
25,744
;..,.
Duluth Missabe & Iron Ra"Se Ry—EarningsGross
10,442
'
$320,201
131,221
3,920,768
.
Net ry. oper. Jnconte—,
—V. 162, p. 2816.
1942
$301,926
150,758
;
34,800
railway
$1,631,516
;5'■/''■■;/:/ ;:®/Net/ from railway——, : „
203,783
$2,048,550
.$1,888,156
/Net ry. oper. income-/
175,929
$162,468
•"v
1943
1944
$323,168
3,684,585
8S,v
.
November—
46 667
*
Delaware & Hudson RR.
November—
Gross
from
Net
ry.
From
Gross
Corp.—Earnings-
1945
from
Net
railway——
$3,406,410
railway
—'
660,997
oper.
Jan.
from
Net
from
Net
ry.
income—
taxes
for
$3,006,020
158,797:
$2,295,661
187,380
$1,295,781
98,798
1942
$16,903,481
14,430,718
629,743
$1,843,020
33,993
51,222
30,446
260,000
290,000
250,000
1,300,000
fl,220,000
$425,000
465,000
50,000
50,000
450,000
$441,537
.$454,027
90.000
——
prof,
excess
Prov.
1945
:
1944
19«
$20,108,353 $17,570,508 $16,324,835
16,600,981
14,863,681
14,665,182
411,166
363,872
501,352
taxes——
taxes®
50.000
contingencies*
44moo
—-—.
Net
*
income
Common
$647,223
$497,059
60,000
®i®®-®;
80,000
161,240
$399/284
243,000
216,000
270,000
dividends——
Preferred
dividends
®—
;
railway—®
.railway
—V. 162, p.
400,678
income—
2640.
$247,939
$194,059
$145,537
$22,787
par)—
280.586
270,000
270.000
270,000
shale—®
$2.30
$1.54
$1.33
$1,15
Balance
1944
1943
1942
$4,014,293
$3,733,868
$3,687,468
888,412
597,890
1,164,441
690,369
1,140,139
1,237,483
Shs.
-r—
common
standing
Earnings
42,511,988
46,614,759
44,366,769
41,822,256
5,480,352
11,994,928
13,083,779
14,659,191
" 2,672,008
8,081,431
9,486,123
9,026,816
stock out¬
(no
per
depreciation of $399,233 in 1945, $387,722 in 1944, $388,561 in 1943 and $297,190 in 1942.
tAfter deducting post-war refund of
$135,000 in 1944 and $45;000 in 1943.
$ Includes $165{,175 (60 cents per
share) in'cash; $6,948 lit cash in lieu-of fractional shares on s.ock
dividends; and $227,161 representing dividends paid in common stock;.
"Including
1—
oper.
:.-l
1,883,706
RR.—Earnings—
111 ttf
'
Net from railway
'illfii
83.515
u
p.
v
$8,703,622
3,733,324
1,070,241
75,345
Jan.
*
1945
$299,117
125,157
rai.way
^efr:m;pper. income-^
.CV)lV,.'iv'-XfAf•fr>r\%Yt
3.875,151
;.:iBalance:
—V,
A
.*$113,134
'•
■
A
m
62,567
:
.
7,593,467
3,255,652
•v.
'November—
from railway
Gross from railway.
rt.
312.760
$165,009
'./-S.'Divldends' applicable
.
'' ■.>€
A'
$9,754,594
78,100
income
3.1S3.403
1,3
Gross
Net 'from
}•*
$772,331
115.975
;
surp"~res*
income—.'
2816. ;.
8,567,563
3,912,176
2,288,745
2,556,294
railway
.
i
S".;;
•.
Gross from railway7,745,345 £8,241,356
'
in
packing industry and alleges a conspiracy to fix the price of American
cheese to producers.
The final case was filed in May of 1942 in the
U.
1944
25,087
$93,444
:
[■;&
income^-162, p. 2640.
N
are
engaged.
a
conspiracy among
price of hams at Easter-
program
in
in
filed
was
methods
1942
taxes,
is
October,
alleges
the
Chicago.
a
stock
which ^company
filed
fix
case
adopting uniform
floor
recover
was
Chicago.
defendants
District
defendants
livestock
and
Cudahy to
litigation
of
indictments
Court
company
consumers.
company
by
items
anti-trust
District
the
time
instituted
important
only
One
i'fc
38,774,
V—
*
the
Ry.—Earnings—
$107,872
'
and
will
New
Co.,
oper.
Net
stock be split on a two-for-one basis. ■.
.'■• ■'-®1';;
The split-up will be effected by the distribution of one additinoal
: share of common for each share held at the ,close of business Jan. 4.
other
industries
which
must
convert
their
plants
and operations "- The par value of the common was changed frotai $1 to 50 cents a share,
from war production to the production of civilian
goods.
■•
The Committee on Security Rulings of the New York Curb Exchange
V
TTrprr'ArpTrMVT
'
ruled that the common be not quoted "ex" the distribution until
LU1GATION
'■.'/./."../further notice and that all common certificates delivered after he
Four., remaining Federal anti-trust -Indictments filed in 1941 and.:
record date, and until further notice, must be accompanied by due
1942 against Cudahy and other
bills.—V. 162, p. 780.
companies are still pending.
These,
in
registered with
The
Detroit Toledo
$72,014,916^
*
r
$164,567
Balance surplus
-
The
RECONVERSION—Whether
tunate
way;,;/Because
has
November
9,065,682
is
•
Other int. & deduct.ous
resulting1'"-/
profits
for
'
■
Sf.
14,024,670
■'
104.705
interest on mtge: "bonds
to
District
Adjustment
400,000
Detroit & Toledo Shore Line
$792,420
Income
other
recom-'®'
the
approved
Chicago Quartermaster Price
refund is due the Government
The
the
United
1945.
year
has
the
that
the
from
of
Department
•
>*•
products called for on these contracts
•
Net income
have since been shipped and the
omy Government contracts we have .•:• Transfer from
at the present time are those we are
receiving currently.
War
to
r ailway
oper.
ry>
Gross
9,612,599
$68,896,829
*
1945—Month—1944
The
RENEGOTIATION—The
•
on the proposal which
stock to 298,231 shares
shares .when the additional stock
vote
10 to
:
,,'
.
:
.
com-
as
-V
-
split-up in the common
shares, it was announced
common
Jan.
1948
from
ry.
—V.
2,968,643
$2,000,000 decrease
a
$20,500,000 decrease
a
1
Depreciation^;
Property retire, reserve
" aPPrpPnal10ns
/
current
of
and
Reynolds
From Jan.
6,550,500
14,024,670
:■
*
possible,
as
Operating revenues—
revenues..
fl OperaUiig. .expenses.^'...
$9.77
to
in >1944v': Federal,
:®v v.
,
from
2,000,000
—£-££
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
redUction^Require-lf!Federal • faxes
the
taxes
$18.03
Shares —Plans
Split-up
two-for-one
a
on
—«
10,000,000
4
Operating
•
$6,644,236 for 1945 in comparison
year this represents 1.9 Cents
were
cents
amounted
lit
opera-
proposed
2,000,000
2,968,643 ;.
;-Jt'■'■I'-:
year 1919, the year following the close of the First World
°
War
AND
year
to
compared
72.6
or
for
to
charged, to
$8,426,641
profits
excess
the
taxes
with
compared
taxes
For
profits
accounted
and
stock
1944.
excess
compared
profit
income
common
$10,680,279 for
to
and
$4,567,861
operating
of
State and
;
were
Federal
for
merits
split-up
company
stock.
From
income
7
Registers 101,769 Shares of Stock—
Net
3,000,000
2,000,000
$30)^A~
Dallas Power & Light
TeAn,; Ada, Okla.;. Pauls Valley, Okla.; Winfield,
Ulm, Minn.; ^Ima, Neb., and Rushville, 111.
New
803.0
'"
'
2,500.000
NOTE—For mechanical
-
V possible
plants at Lafayette,
TAXES--Federal
have
from, railway-*-.:
Net ifroim railway-
3,451497
1,039,573
1
position
la.;
Co.— To
Gross
14,000,GOO
taxes^
—
-s
stock--
new
1,070,372
increase in the outstanding common
the
Net
288,918
_•
_
plant*
ice
487,357
616,415
Nove„be„
/.
'
"After deducting reserves of $18,669,892 in 1945 hnd $19,573,,979
ijl4.944. (After deducting U. S. Treasury notes of $4,611,000 in 1945
an^ $8,100,000 in 1944.—V. 162, p. 2640.
is
feduction
2,583,042
/" 835,203
3,696,733
t;S:
Total
27, 1945, the net investment
$21,198,000 as compared to
equipment was
,of the previous
end
2,501,469
635,783
916,425
'■
Net
PLANT AND
3,093,188
733,680
_
i
-
>
103,242
128,646
the SEC 101,769 shares ($1 par)
be offered publicly by
underwriters
York.
<
Of the net proceeds, $1,200,000 will, be used to
repay
b«nk loans
and approximately $545,000 for building improvements, machinery and
equipment at plants at Zanesville, Toledo and Detroit.—V. 161, p. 1J14.
'
•
$9,029,000
3,812,836
14,000,000
income
Capital surplus
Earned surplus
long- ,:
*58,954
*22,126
72,674
3,137,570
Harvester
issued.-
Gross'
$0:?'6.000
stock
(par
52,771
95,948
■
railway—
an
Net
preferred
S Common stock
1942
$277,103
886,722
y.y ?£'■'.
4'/apreferred stock (par $100)
the long-term debt of the
considering current liability
1921,
other
$257,413
87,811
Detroit & Mackinac
for post-war adjustments^;.
preferred
1%
from
$500,000 in
and
/
common
$68,896,829 $72,014,916
First mtge. bonds, series B, 1964.
Notes payable to banks^-___.£i,L_'
Reserve
1—
1943
$124,368
1944
$374,485
stockholders will meet
headed
debt dis-
r
tReserves-for,Federal
_/
Jan. 2.
The
13,641,610
*
In
;
stock.
requirements which
of
is
$9,858,640
expensej®®®®®®£®®®®y®
Total
Earnings—
1945
directors
under
,
$11,547,947
——*-*.®—®——
count:; and
16,220,055
railway.
calls for
$6.10
Oct. 27,
or
20,699,898
15,201,473
Financing. ®/®®®'>:®/'®
The
467,489
$5.58
for'doubtfulaccount®ll,947,301
® "Plant and equipment.:
Prepaid and deferred charges
stock was offered on an exchange basis to the
preferred stock, and the- unexchanged portion was £-4
sold to the public by an. .underwriting -syndicate.
By reason of this £
recapitalization there was an increase in working capital of $826,997;:;v
will
on
"
,
467 *89
®L
I Investments," at cost
';
26.506,355
12,672,527
■'
ASSETS
Receivables/ less reserve
20,994,250
*693,296
2816.
p.
stock and the issuance of additional
COMPARATIVE CONSOLIDATED BALANCE SHEET3
Inventories
from
The
$4.12
!
Cash
162,
railway*
Jan.
from
New
467489
cortimonlhare-.—Z
:
13,213,542
Income..;
Detroit
®
(par $30)
Earnings per
1,879,490
48,867,576
ry. oper. income..
"Deficit.—'V. 162, p. 2640.
12,507,021
726,188
stock
518,848
64.274,386
133,560
7,921,285
common
873,360
64,217,795
/Net
\
Net income
159,163
69,742,076
J—
railway....
railway
oper.
From
Gross
employees' pension fund
Jan.
fl',0m *'aI1Ty®~~"
ry. oper. Income...
Net
1,542,951
vLIABILITIES—•
i'"*.0ji'■
FINANCIAL—The
company
pany's capital structure was improved: and
Notes payable to banks and others,
including
simplified during the year.: At a special meeting on Aug. 17, 1945,
current
maturities of long-term debt—
the
preferred and
common
stockholders approved
Accounts payable
the issuance of
A-.—-■
$10,000,000 of new 4'/a',«
Divs. payable, less deposits ($140,246) in 1945
preferred stock to replace the then out*
standing $6,550,500 of 7® and $2,000,000 of* 6 re
preferred stock.
Accrd. wages, interest and general taxjes, etc....
after
.
26,629,121
'•Tv'.>•;«
new
428,847,409
and
taxes
2,886,657
income...
oper.
from
Gross
10,519,563
general
expenses..;.
$5,729,687
975,670
November-
V $
28,240,441
depreciation—
Prov"for inc- & excess profits taxes
with
common
holders
.
322,226,467 391,378,487 402,218,288
expenses..
1942
$5,620,493
2,035*163
Denver & Salt Lake Ry.-
./ '
344,9u9,594 419,bi8,928
revenues..
1943
$6,054,377
1,121,235
from
"Deficit.—V.
Oct. 31,'43
Oct. 28,'44
' -V.
I® $
utner cnarges——*——
.
The
return
1Q44
$5,447,313
i
books.//' 'I®/®;f
company's
Oct, 27/45
,
./^Operating, prom
$5.58 in 1944.
In future years the annual dividend
requirements on the presently outstanding 4V£>C®vpreferred stock whl
amount to $450,000.
The net earnings for 1945 on the basis of the
new
ifidend
preferred stock dividend
requirements equal $4.40 per share
of
the
on
would
M
few
very
compensating upward adjustments in OPA ceiling prices of finished
products, <
.
The net earnings for the year, after deduction of annual dividend
requirements on the 6® and 7preferred stocks (since redeemed)
of
$378,000, were equal
to $4.12 per share of common stock, : as
compared
asset
an
operating
sales
Contrib.
livestock^ Available for slaughter and; by higher live-
2p
as
1
administrative
Taxes
■
prices.
Increases in livestock costs were as follows: Hogs, 880
per live cwt® cattle 560 per live cwt., calves 240 per live cwt., sheep
and
ry.
From
' COMPARATIVE INCOME ACCOUNT
.
and
Provision
earnings
stock
of
Selling,
it
1944.
reduction
a
Net
22,683,127
for the year were $2,505,097 compared to
Operating profit amounted to $7,921,000 compared
with $13,132,000 for 1944,
Tne decrease was caused by higher wages,
in
^
sales
Net
Packing Co.—Annual Report—E. A. Cudany,
Chairman,-in his remarks to stockholders states in part:
RESULTS—Net
carried
not
during
^
Cudahy
$3,190,061
is
decision
justly
feels
it
rendered
104=1
railway.
railway®—
from
from
.
deducting
;
from
Net
ry.
be
S.
5,710 shares
in
treasury, $571,000), $362,700; common stock
(1,042,876 shares of
$10 par), $10,428,760; earned surplus, $18,967,172; total, $34,162,3—
V. 161, p. 1768.
par
the
Net
favorable
A
which
will
Years Ended—
par
stock,
heard
Rio Grande Western RR.- -Earnings
November—
Gross
.
October
in
Net
decision
'
$1,352,209;
censos,
$58,141; reserves,
value over cost of. the company's pre¬
recapitalization, $125,194;cumulative
since
net excess
shares acquired
.
Chicago
wages
for
reserve
cases
in
$500,000
to
company,
court
item
$136,64®
income,
$1,692,891;
ferred
preferred,
accrued,
Appeals
Denver &
entitled.
Very probably
this calendar year. This
the
Cost
$1,027,108;
and
of
Adjustment Act;
the
to
ad¬
assets,
total, $34,162,338.
interest
Court
will
cultural
$520,588;
land,
$8,637,299;
buildings / machinery,
railroads,
rolling stock, etc, (including net depreciated value of certain assets in
conveyed to a subsidiary on Sept. 30, 1942 and after reserve
for
depreciation,
$3,893,258), $6,960,458; .prepaid insurance, taxes,
LIABILITIES—Accounts
Circuit
Justice
Gross
Cuba
accrued,
of
these remaining cases than
disposed of with favorable
prosecuting
the three anti-trust
during 1943.
in
Department
of the company to a decision of the U. S. District Court in
Chicago in a suit instituted by the company to recover floor stock
taxes paid
in 1933 and 1935, under the administration of the Agri¬
funds,
interest, etc., $157,576;
in
success
the
of
•appeal
$5,547,700; accounts
and refined sugar,
cane
more
Division
decisions
The
raw
excess
growing
Anti-Trust
the
feel
We
non-interest-bearing advance, $254,688),,
receivable, due June 30, 1946, $317,500;
bonds
stores
colonos,
-
hand, $3,170,967; U. S. Government
on
reserves,
(less
mortgage
merchandise
and
current
or
molasses
$1,776,554;
stock
BALANCE
banks
receivable,
and
vances
in
25,651
®®_®/
stock.......
CONSOLIDATED
ASSETS—Cash
securities,
stock..;
preferred
/
£
of
refund
172,500
g
during
297,051
1944 were
Operating Subsidiaries of—- jvii :.
V
American
$11,300,195 $10,835,316
-
Power
Power
Electric
ToUI
1945, the
27,
,'Fansteel. owns
National
Light Co.-.*
Light Corp....
&
Power
&
*81,315
Light Sou..*
/
.
agreement
with
receive only 60%
...
1944
Amount ' Pet,
.176,635 ..f 13,117
v
7.4
85,014 ..I.: 13,203 :;i . ;15.5
90,609
9,2^4
; 10.3
. 1945163,518
71,811
&
products
,
1
*«°'°°°
------
Trade
compensation __
State and local taxes
Accrued
Accrued
for
_____—-—
—
navable
•Capital
—I—_■
surplus
Earned
surplus
Total
—V,
—:—y~
r
.
2816.
p.
„
3,033,048
:
"
<
-
^
,
&
Power
above
do
figures
1943
Net
from
Net
ry.
"6,515
5,851
"37,506
y'
"2,339
2,822,500
2,190,600
from
Net
ry.
;
:
V
"
:31;459
•
2.495,300
493,190?.
railway—__
railway
"Deficit.—-V.
162,
2816.
p.
$8,150,9 j9
ai, 963,o59
112,623
1,933,342
1,662,653
126,541
705,749
127,133
$294,971
.Exploration
of
shares
stock
common
Offered-—Mention was
at $3
$1)
(par
share by
per
Total
Mulhall, Inc.,
*' *;
Further details follow:
Manufacturers National Bank of Detroit.
Transfer Agent:
,
related
Items
hot
water
and
boiler
wide
a
boiler
as
feed
war.
the
had
APPLICATION
accrue
retirement
be
amounting
PROCEEDS—Proceeds
CAPITALIZATION
(GIVING
EFFECT
stock
1
(par
July
$4,000;
31,
$2,000;
1941,
July
31,
$8,000;
1944,
$8,000.
since
500,000 shs.
1937.
ry.
'
31,
14'!
ended
year
July
.
1';.Vv'V
Profit
1
$156,067
|'V-
!
Dri.35i :v
143,950
■
>176,383
: :
•
Net ry.
6,936,656
210,837 V
r
291,336
i 32,103
1,237
13,677
1,263,632 %
181,167
150,240
2,623,540
1943
_»__F
^
327,419
'261,602
^
1945
V-"v., 162,. p.
;
o
6,160
350,492 ' '
3,454,779
ry.
with'
sold
the Cooperative
by
ested
the
in
to
provide
The
funds
as
needed
to
refund and
the
in
presently
sible.
for
the
Its
to
movement
proceeds
the
will
purchase
The
used
of
series
to
the
and
4%
out
of the
outstanding
funded
debt
and
current
and
inter¬
any
Eastern Utilities Associates
Operating
pos¬
i
<
%
(& Subs.)—Earnings—
1945—Month—1944
13,595,326
17,852,716
with
announced
Bankers
Co.
Jan.
Trust
and
amended
$1,001,128
601,610
595,368
Maintenance
6,810.028
44 378
653.232
150,786
(incl.
inc.
taxesi
144.526
Net
oper.
revenues-.
$237,714
Chase
a
(net)___
$210,594
,,
,
27.194
stock
indebtedness
had
been
Balance
$264,908
$236,935
61,800
L
1,894.976
shares
income
$203,108
320,581
be
Miscell.
City
Agents:
into
of
stock,
common
such
preferred
$2,764,623"
$2,027,398
$1,907,299
37,219
435,646
472.035
90
18,869
18,309
deductions-.—
1,815,787
Balance
$166,970
div.
deductions:
B.
V.
G.
$142,200
&
E.
$1,572,881
Co.__
77,652
added
sjiare.
in
Savings
of
Co.
Trust
the
general
the
as
AND
Chicago,
Bank,
the
board
of
funds
of
the
/- •.
net
the
of
directors
plant
Applicable
to
Applicable
minority
to
E.- U.
interest
$1,339,304
22,577
19,896
.
A
"ASTERN UTILITIES
Non-subsidiary
$1,472,651
$1,319,407
ASSOCIATES—
201,385
•
232,368
Expenses,
$1,674,037
_
taxes
and
Balance avail,
-V.
for
interest—-______
dividends and
162, p. 3190.
surplus
$1,551,775
160,031
___
146,719
$1,514,005
$1,405,056
J"
*
.
of
The
such
on
consolidated
reduction
sales '
for
operations,
net
consolidated
in
,
•
.
proceedings
such, proceedings for the
period
April
after
income
and
considering
Federal
1942,
28,
tor
profits.
excess
refund,
if
any,
For the fiscal year ended
be
may
required
such
on
31,
Aug.
sales.
;
^
;
.
-Authorized
Outstanding
750,000 shs.
-
312,000 shs.
stock, without par value
of
the
of
names
unsusbscribcd
the
several
which
stock
underwriters
.
20%
14
Paine, Webber,
Curtis
io
Adamex
Securities
Corp
Clark, Dodge & Co..^___
^Lehman Brothers—
.Central Republic Co.
-\
{
3;
3
3 J
3.
2
McCormick & Co._
Bills, Minton & Co., Inc.___
'8
Co.______
H,
Jackson &
Securities Corp.^.__
Emanuel & Co
9
;
the
H. M. Byllesby & Co., Inc._
".9-
Inc.,
and
underwriters, rqr
the
follows:
are as
Mellon
8
Kebbon,
162, p. 3191.
Davis ft
NOTE—-For
.
mechanical
M
reasons
is not
always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
possible
order.
Federal
(*%
J
& Traction
Light
has
SEC
Co.
—
by
Sale. Approved
approved
sale
the
Its interest in
J. G.
firm, for $790,000.
outstanding shares
the company* of
by
(Colo.) Electrie Transmission, Railway & Gas Co. to
the-Trlnidad
Co., Inc., New York investment banking
Federal's
Interest
consists
of
all
the 20,000
White &
($100 par) common stock of
•
Trinidad.—V. 162, p. 3071.
(Wm.) Filene's Sons Co.—Calls 43A% Pfd. Stock—
All*
4%%. preferred stock have been
at $104 per share and divi¬
the Commercial National Bank &
Trust Co.. 46 Wall Street, New York, N. Y.
,,
(i
It was stated
that of the 41,700 shares of this stock outstanding,
of
called
the
for
dends.
shares
outstanding
redemption
Feb.
on
will
Payment
be
of
1,
made
next,
at
,
28,131 shares are owned by Federated Department Sores,
Inc.—-V, 162,
2515.
p.
Company
which
The
principal
sidiary,
y
,,
two
■
,
«
and
to
including
leased
now
its
by
the construction
organized
active
applied
determine,
Corp., or
was
owned,,
and
company
may
Defense
has
is -wholly
business
Tantalum
of
columbium—and
of
Defense
rare
the
the
on
13,
March
Vascoloy-Ramet
Corp.,
v
consists
and
its
of
the
in
.
wholly-owned sub¬
development and
tungsten,
fabrication' of
molybdenum,
rare
metal
and
com-
pounds, alloys, and commercial products.. Through a series of 'pro¬
cesses
generally known as "powder metallurgy," metals are refined
from
ores
verted
or
by
basic
chemical
into
metal
in
compounds
and
into
pure
metallic
electro-metallurgical
finished
commercial
salts
processes
forms,
such
and
and
are
have declared
the
on
an
cumulative
6%
initial quarterly dividend of 15 cents
preferred stock (par $10>, payable
15, to holders of record Jan. 8.
1
1
!
3
''"v.,
"7
'
*'
1
•>
For,offering, see V; 162, p. 3072.
"T
t*
Food Fair Stores, Inc.—partial
1
-
*'t '
s
v*
''
''ti
Redemption-—
.
?
f
Feb. 1, next, out of
monies held in the sinking
fund, $75,000 of 15-year 3V2 % sinking
fund debentures at 1017/s and interest.
Payment w.ill be made at the
office
of
The
Pennsylvania Company for Insurances on Lives and
There
have
Granting
called
been
Annuities,
on
Philadelphia,
15th .and Chestnut Streets,
trustee,
.
redemption
for
,
,
(
Fort Worth & Denver City
Net
from
Net
ry.
Ry.—rEarnings—
.
1942
$1,716,881
1943
$1,505,124
669,640
764,549
550,507
227.695
561,061
393,123
420,952
15,107,438
4,585,970
15,629,251
6,317,085
14,311.325
7,210,694
9,878,996
railway_^__^
incomes__ t
2,177,830
2,795,256
3,674,581
3,331,352
November—
-
1945
1
*
'
income___
oper.
1944
.
railway™..
$1,293,513
railway___—462,648
Gross,from
$1,079,477
*: From Jan. 1—
Net
railway____
from
Gross
from
Net ry. oper.
—V.
162,
p.
2817.
,
Co.,
of
merger
was
company,
of
both
Corp.,
this company and Valvoline
Cincinnati, Ohio, into the
announced
William G.
by
31.
Dec.
on
■
.
»;
Bechman,
4,523,219
'
Co., Freedom, Pa.—Merger—
Freedom Oil
The
-
4,
♦
01 Co. and Galena
Freedom-Valvoline Oil
Chairman of the new
■
.
three of the oldest independent
lubricating oil, with combined ownership
and
operation of approximately
1,500 miles of pipe lines.
Head¬
quarters will be maintained in Freedom and Cincinnati, with offices
in 40 cities in this and 11
foreign countries.
Refining will be done
in two plants in Freedom and Butler, Pa.—V. 159, p. 2634.
;;vs/:'-y
The
together
of
refiners
Fennsylvan a
"
brings
consolidation
Freedom-Valvoline Oil Co.—Merger—
See
Freedom
Oil
abovfe.
Co.
^
1
as
''
Gabriel Co.—To Increase Capitalization—
?
meeting of stockholders will be held on Jan. 21, 1946 for
considering and taking action on a proposed amendment
to the Articles of Incorporation, to provide for an authorized issue of
120 COO 5%
cumulative convertible preferred shares of the par value
of $10 each; and an
Increase in the authorized number of common
shares from. 300,000 shares to 500,000 shares.
;
:
The date of record for determination of stockholders entitled to vote
at said meeting was Jan. 3, 1946.—-V. 132, p. 3072.
V .
A
the
special
purpose of
_
metal
con¬
wire
by pressing the powder into bars, ingots or shapes, heat
treating them by sintering in special electric furnaces and applying
mechanical
treatments
including rolling, forging and drawing.
This
technique requires special technical and metallurgical procedures and
sheets,
Galena
See
Oil
Freedom
Corp.—Consolidation—
Oil
Co.
above.—V.
134,
1965.
p,
rods,
scientific
from
share
Jan.
subsidiaries—Tantalum
and
company
Corp.,
metals—tantalum,
production
Fleming-Hall Tobacco Co., Inc.—Initial Dividend—
The directors
a
Oil
$648,076
is two-thirds owned.
The remaining one-third stock interest
Vascoloy-Ramet Corp. is owned by Vanadium-Alloys Steel Co.
powder
income
basis
?
Hallgarten & Co.__'
Blyth & Co., Inc.
-
Chicago,
which
and
Total
the
on
approved.
I UNDERWRITING—The
.
Commercial
and
•
/
_
proceeds
facilities
and
PRODUCTS—Company
York.
Defense; Corp.,
77,652
$1,495,230
162<
-
-
York.j
New
PROCEEDS—Of
OF
acquisition
New
refinement
Balance
and
company
Under existing
Vascoloy-Ramet
1942,
percentage
men¬
1
.
Bank land
National
Co. of
Trust
to
purposes
possible
1917
$1,416,955
.
of
Pa.—V, 162, p. 2391.
,
Preferred
the
sales.
received
^
wholly-owned subsidiary, Tantalum
of additional plant facilities.
747,430
$179,510
result
the
and
will
to
redeem all of
the 6,292
shares of outstanding preferred
$103 per share, and the balance of approximately $2,370,512
at
be
such
$2,654,729
737,225
with
stock
of New York.:
Harris Trust &
Bank &
used
will
3C4.636
225
Interest & amortization
at
issue of Dec. 31, all but 128 shares of the
our
APPLICATION
$2,350,093
35,913
_______
been
spectively have agreed to purcha:e,
been
had
by
v
r
HISTORY
Gross
New
$10,000,000
'■■][ v";.V
National
1,784,668
$2,444,041/
57,425
accruals
reserve
of
of
permitted
converted
34,782
were
Registrars:
$11,802,278 $11,492,693
26,340
York
Bank
credit
National
provide: Tor
Guaranty Trust Co.
the
Retire,
its
of common stock of Fairchild outstanding on that date.—V.
stock
inc.
Regulation V- credit agree¬
National Bank. Bank of the
that
4
Co.,
Grace
to
total
Transfer
532.631
Taxes
Non-oper.
Gorp.—Again Reduces
6,825,300
48,728
______
and
prices
,
position as possible,
on
there
and
1945—12 Mos.—1944
$1,032,579
revenues—-
Operation
$150,000,
has.
*
->
income
the underwriters at $83.50 per
Period End. Nov. 30—
profits,
CAPITALIZATION,. GIVING. EFFECT TO PRESENT FINANCING
•
44,908,949
22,671,544
51,369,761
17,327,879
45,329,122
subscription rights which expired on Dec. 26.. These 128
shares, together with 6,000 shares subscribed to by the
underwriting group headed by Hallgarten & Co. upon
the exercise of subscription warrants purchased from
certain stockholders, were offered publicly Dec. 28 byj'
capital,
as
Government,
still making such
are
war
.
52,000 shares common stock (no par) offered to the share¬
holders of the company were subscribed-for on the
equipment
liabilities
■
1
1 *■
•
21,666,542
tioned in
pari.
of
what
1 2,292,193
-V-'-!• ^ fi
Fansteel Metallurgical Corp.-—Stock Offered—As
being
friends
war
railway^i. 129,915,509 145,231,658 145,228.787T22,207,d99
railway_____
*0
post-war expansion program and
balance remaining, if an*', as much of
/:
'
of
are
working
plant
1942
1,415;183
1,144,079
784,978.
3071;
p.
With
carrying out of its
retire
*
1943
1944
1945
ferred
($25
A
inerposition
increase
additional
shares
securities
stockholders
without
be
20,000
stock,
share.
per
directly
cooperative
underwriter.
SEC
the
preferred
-
•
borrowings until Nov. 15, 1947, although the corporation is,
not borrowing any funds under this credit at the present time.
The new amendment,
elfective Dec. 23, 1945, further modifies the
credit
agreement with these four banks dated Nov. 1. 1944, which
originally provided for a credit of $25,000,000 at 3%
interest on
borrowings until Nov. 15, 3.946, and since Aug. 1, 1945, has provided
for $17,500,000 at 2%% interest on borrowings until Noy. 15, 1947,
,
The
company has registered
cumulative dividend non-voting
price to the public is $25
States
of
amounted to $111,813.
$10,203,857 $12,123,083 $12,836,823 $11,300,969
671,219
3,288,229
3,517,185
4,453,708
income—_ '
oper.
interest
that
Cooperative Wholesale, Inc.-r-Registers
the
162, p. 3191.
shares
The
2641.,
p.
93,473
257,019
SEC—
162,
by a group of 19 underwriters headed by Smith, Barney & Co. : As of
Dec.-'31, Mr. Wilson said, 55,218 shares, or about 61%., of this pre¬
2941.t.
Eastern
'30,943,399
w
8,322,6891-11,139,644
1,803,545
2,645,061
65,816
;;
'
.
"98,959
122,578
the terms of Its V-loan
credit agreement, reflect lower anticipated financial requirements and
the successful offering last May of 90,000 shares of Fairchild $2.50
cumulative preferred stock ino par)—convertible prior to May 1, 1955—
30,928
7,397
474,407
of
1943,
'; the reduction in net profits amounted to $102,000 on the same basis.
For
the fiscal-year ended-Aug.
31,
1944, no refund was required.
I* Renegotiation proceedings affecting sales made subsequent to Aug. 31,
S3 1944,
have
not
yet commenced and it is not possible to estimate
29,996,951
3,311,320
Fairchlld's
18.426
■
1942
1944
'
31,
taxe3,
Wilson, Fairchild treasurer, said the Aug. • 1 "and 'Deq. 28
reductions in borrowing limit under the V-Ioan credit; which aggre¬
gated $15,000,000, as well as an equal reduction in the amount of
15,143
.
period
Webb
2,911
2,494
17,638
v;
<
8,313,667
2,784,612
oper.
further
Drl',351
416
the
Corp., the partially-owned subsid«>
have been concluded for the fiscal
years ended Aug. 31, 1942, 1943 and 1944.
The reduction in net profits
Aug.
-
railway
railway
from
ment
$5,456
.
3,327
'
1942
.
income—-
Corporation
'
1940
of
g;-rp.sulti"«T -frorri
$2,781,222
271,662
V-Loan Credit at Lower Interest—
Income
%:.''$l,414/;:>
S6,870
■
1938
United
subsidiary
renegotiation
The
Net
iy Taxes^y
"
applications.
resulting
In: respect
.
lary,
-\
1943
$2,713,028
637,977
31,861.958
from
Net
'
Federal
,
bef. taxes
Net Sales
•
RR.—Earnings—
from
—V.
*
1939
adjustment
Common
"
1344
29,118,241
From Jan. 1—
1945,
>.
:
$2,006,311..; $2,180,446
railway
railway______
GroSs Irom
year
31,
operations of,the company are as follows:"
Years End. July 31—
1937 > ••
1941
Fiscal
sub¬
its
highly competitive, with
"materials and products of
from such price adjustment, after considering income
% and
excess prufits, taxes,
will be approximately $30,000.
It is not
possible to estimate what refund, if any,. may be required on sales
T made during 1945.
.«>
,
'
Earnings
Fairchild Engine and Airplane
ended July 31, 1942,
$8,000; total fiscal year
1943,
103,579, (>
$92,434
,
November—
Gross
Net
year
fiscal
total
.
EARNINGS—The
same
and'
.
initial
lower
are
same
PROCEEDINGS—During
control
—V.
200,000 shs.
.
:
.
I—>
oper.
Erie
estimated
an
follows:
as
are
fiscal
total
ended July
total fiscal year
ended
paid
j
i; profits
,
from
Manhattan
DIVIDENDS—Dividends
ended
'$2,284,025
.103,579
$2,109,890
$101,066
1 8,631
,
1,149,665
578,768
from
^^Outstanding
Authorized
Capital
the
for
Paul
FINANCING)-^
PRESENT
TO
8,631
railway
"Deficit.—V.
■
*
-
to
require.—
■
without curtailing working, capital requirements.:
applied
so
of
118,200
.
$3,043,843
Net
little. reconversion since it
products before as during
very
line
92,942
:>
$2,299,648
Net
"
*
1
1
tax____
railway_^^^v^:-);778,767
oper. income__3», '
404,409
ry.
t
Gross
units
'
the
,
3191.
p.
Net
OF
the
for
which
of
tanmade
„"are subject to renegotiation.
j.
-,
~ /
; •
in respect of Fansteel" and Tantalum Defense
Corp., renegotiation
;1 proceedings aifecting the period' from April 28, 1942 (the effective
wdate of the war-profits control legislation) to Dec. 31, 1943 have
been
concluded without any
refund
being required. ' Renegotiation
proceedings for the year 1944 have been concluded, and a price
395,454
$137,974
div.
From Jan.
'
to the company and are to.be used for working capital
of indebtedness, bank and other, to the extent' they
$250,000
can
general
same
<>'
'
t
$3,671,167
39,102
from
Net
to the Army and Navy
•
''
$258,369
33,622
■
Net
preheaters,
water
*•-;/>
,
.
inc.
from
Gross
/;
_
fields
only
of
be
"
its inception.
gas- burner
systems,
■
was sold
,
RECONVERSION—Company
manufactured
and
return
production
Approximately 90% of
the war period.
,.the
level controls,
systems,
condensate
compound feeders.*
generators,
during
to,
legislation
59,560
.
$4,078,651
'398,146
1,165,822; ; 1,396,478
$264,533
^__
Elgin Joliet & Eastern Ry«November^—
' 1945*
sizes
of
range
selling
or
•
and steam
from 5 to 160 horsepower are
manufactured.
They are adapted to hand, stoker, oil or gas firing
to fit
particular uses, and requirements.
Company uses such trade
names
as,
"Dutton
Econotherm" and "Dutton Economizer."
The
Dutton
Econotherm, which is delivered as a completed
"packaged"
unit, neeeding only connections with water, steam, fuel and power?
lines, is considered by the management to be an outstanding advance¬
ment
in
combusion
engineering.
Company
also manufactures
such
in
$4,019,090
Prl49,644.
Prl9,706
,
$129,342
vertical and horizontal stationary boilers
varied line of
.$3,820^812
$278,076
Dr9,284
income
stk.
^-V, 162,
„
in the same line of business since
Company has been
A
generators
*
■
<
first
was
r'j.
"169.416
;
272,416
17,322.
$273,823
income
Fed.
sales
must
.
_
deductions
Net
Pfd.
incorporated in Michigan Nov. 17,
1891, after having been founded in 1880.
Present incorporation was
made on Nov. 29, 1927. ^Company offices are at 630 Gibson Street,.
Kalamazoo 6, Mich.
<
.
'>'•
COMPANY—Company
materials
its whohy-owned
.
'Gross,
Income
.
-
in
are
RENEGOTIATION
the ;period,
$4,188,507
$295,398: $4,093,228
•;
21,147
^Baiancs*
■
their1 applications
emergency
the company and its subsidiaries made substantial sales
to the United States Government and' to contractors fabricating for,
•
375.739
355,002'
.
develop;
&
engaged
,
•
Co., Detroit and Olmsted &
&
Moreland
Kalamazoo, Mich.
•
*
17 of the offering of 100,000
issue of Dec.
26,784
?
'
V (C. H.) Dutton Co. '-— Sharles
our
29,347,
costs:
Other income
made in
305,262
1,431,397
9
all of
,
r.
Net oper. revenues-^.
,
311,560
1,457,845
27,382
86,359
income
V?'-v:
,
$588,730
31,339
3,922
268,652
:
179,425
$629,998
Depreciation, depletionTaxes, other than Fed-
•
1,899,200
.483,998,
707,986
V
income--., ;.vrY: ,14,865.
oper.
1945—12 Mos.—1944 (I
1945—Month—1944
revenues
supplied
the
are
with other materials which invo.ve a
remaining activities In which the company
are
difierent
V
(& Subs.)—Earnings-;-
(Del.)
materials
raw
wholly-owned subsidiary
tantalum in the United States,
respect to both other products
■
from
its
competition
sidiaries
com¬
any
and
company
producers of
cost:v The
..
3071.^?':
162, p.
MaintenaneeVi4:T!iiS2iil?
$156,900
•v
1— •':
Jan.
from
Net
v
income_^_v
oper.
From
Gross
¥/. 1942
39,096
7.2 :-'
12.2 :
5.7
.
187,979
Operating
$216,000
1945
V
in
.
;
El Paso Natural Gas Co.
"Operation;
1944
*
railway____
of
inputs
System
the
'
$168,300
from
92,722
104,755
98,821
include
not
13,758
11,320
: 5,934
.
principally
the form of. various' carbides.
in
the
important
/
'
A
$245,100
railway—46,701
November—
Fansteel
While
%talum products for practically
Pet.: '
Amount
.1914
l_x,168
;J
81.402
Light Co.___
Period End. Oct; 31—;
Gross
:
'—Decrease—
^
.
panies not appearing in both periods.—V.
Pacific Ry.—Earnings-
Duluth Winnipeg &
•-
& Light Corp.
Power
The
2,785,109
$11,300,195 $10,835,316
*
162,
•Elec.
-National
_",V7n^
„
—_—___r
-
550,000
1,350,000
1,402,930
——>
■p:-•■■
Operating Subsidiaries of—
1945
Power & Light CoLi-lVi,•**«)
2,600,000
600,000
-
stock
Common
by
20,
American
operations and. tantalum/tungsten'carbide dies for
and shapes, and forming metal .parts;, .These
manmactured
are
_
„^'nnn
2,000,000
———
contTnge~ncies____
for
Reserve
40f,o<4
103,2bb
_____
payable
Tvt n r p ■
72J,4/u
5b3,B//
148,923
2,195,980
_______———
Federal taxes
estimated
Provision
Dividends
698,030
payable——
and accounts
acceptances
Dec.
machining
—speed
!;4 drawing ..wire,: tubing
1945, the System inputs of client oper¬
ating companies of Ebasco Services, Inc.,'. which are subsidiaries of
American Power & Light Co., Electric Power & Light Corp.; and Na¬
tional Power & Lignc Co., as compared with the corresponding week
-during 1944, ft ere as follows (in thousand- .A kitjw&tt-hours>:
.. •
,
week ended
the
For
,
Vascoloy-Ramet
Corp. is a
partially-owned subsidiary, in which v
66%% of the outstanding stock, but from which, by,
the minority
stockholder,
Fansteel
is
entitled f to
of any dividends which may be declared. This sub¬
sidiary manufactures tantalum/tungsten carbide cutting tools for high
.
&
Power
Dec.
—Decrease—
3,450,652
::::::::::::————•• - lows
asseS
other
Power
American
National
j—j,
Filed31235,310
'
companies
ating
2^342*254
SSe
profits ^ax-—~-;
excess
System inputs of client oper¬
of Ebasco Services Inc, which are subsidiaries of
&
Light Co., Electric Power 8z Light Corp., and
Light Co., as. compared with the corresponding^ week
aq, follows (in thousands of kilo watt-hours)
week ended
the
For
v..:937>612
receivable
accounts
Estimated
:
.
^
^
uaSS. ^x^anoles—Trade
sistent progress in the development of processes and improvements ol
techniques, *T
;•C;.*
'
';vT;'
Practically all of the products, except surgical tantalum, are supplied
to other manufacturers in important industries. •
'
..
Services Inc.—Weekly Input—
Ebasco
BALANCE SHEET. MAY 31
ASSETS-
Monday,-January 7, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
?o
the
laboratory control.
date
of
its
Company has practiced powder metallurgy
formation
and
has
made
substantial
and
con-
General
The
and
Shareholdings Corp.—Trustee
Guaranty
registrar
I960.—V.
for
Appointed—'
Co. of New York has been appointed trustee
issue of $2,650,COO 3% debentures, due Dec. 1,
Trust
an
162,, p. 3191.
/ 1
■
!
'
•
; /
q
.
;
'■
h,.V]
rolume
General
The
'Co
Number 4453
163
Mills,
executive
Declared
dividend
;U'ft'yv:Viv;?>:X'-,
.
Inc.—37 }k -Cent
committee
the
of
;
Dividend—
board
Dec.'
oil
Grand Trunk Western RR.- -Earnings— *.;■.■■
26
X,-
■/.'November—
1945
!■ Gross lrom railway-.--$2,945,000
N(st from, railway^. 493,828
;
-a
payable
par,
of
Feb.
37Vz
1
made
was
cents
to .holders
share
per
of Tficord
issue
Northern Railway)
(Including Statesboro
'<! -^V. 162,
* *
.
1942
service
882,566
$2,680,000
1,049,708
521,762
886,153
5,957,107
p. 2642
It. is
;
Period End. Nov. 30—
1945—11 Mos.—1944
1945—Month—-1944
revenues---/:'*:! $192,130 X $196,469
ty. oper. expenses——
177,614' '
163,193
ty. tax accruals {regular ) •
r)
■ 4,951
• -4,722
ty.
oper.
tax
ty.
era!
accruals
RR.
1937)
ty. tax
RR.
has
(Fed
Act
t."-'-\PjfX;
Taxing
accruals
rents
3,131
33,605
*
2/8S0
31,020 ;• './•(
(net
;
$2,983
4,969
-'
;
,
9,386
!sj
N "$4,910
from
income—
;:;^;i4J248/x '■•;
191
'
■;^;:3i3 v:
''1945
-
1943
Net
ry.
income
oper.
29,115,484
28,736,275
Life'. Insurance
November—
Iross
from railway
from/railway.——
Jet
ry.
from
Jet
from
Jet
$668,896
25,674,588
300,533
tflnH
407,086
207,217
Co.
America
of
"
o
railway,./—.].,
rroi
oka
'' ' ° octl t>n*1 ''
9,965,327
9 510 271
8,731,250
2,135,301
*
162, p.
of
the
charter
State
of
was
Jet
from
3! 181,962
B 3,655,817 *
4,110,349
-
"
}§
End. Nov. 30—
-
from
railway
From Jan.
-
148,803
«
,
Jet ry. oper. income—
s' 46,936
Net
$538,588 /
144,546
.1945—Month—1944
$374,489
$363,846.
j
156,152
225,015
'111
iT"'
000
'
"
"
:
Income r.'.L
Dividends
:
Jet
from
Jet
Net
$4,282,625
1,869,121
2,303,436
299,000
290,750
1,699,185
1,120,463
%
$42,474
;':\r 6,639 ;/■;
$45,095
164,065
5,513
5,513
66,156
.J.
declare
and
707,536
1,024,345
648,281
■
856,170
'
Gross
/'
Gimbel Brothers,' Inc.—Plans
from
railway
<
Split-Up—Divi-
end Increased—'Earnings Show Gain—
$2,911,315
$3,166,250
Pierce
-
Co
coast
976,870
i,008,783
,*239,964
352,234
34,584,965
194^
391,020
railway—35,338,344
34,7251,126
G^s^rom
'
Net
551,834
551,834 ^
Gross
'
•
railway
held.
Certificates for the
to
shareholders,
additional
who
will
Will
shares
not he required
mailed
be
'J t
piflcates for the shares presently/held,
j The board also, Increased the dividend,
on the/common
.
4-546'832 f 4,999,206 v
' ^
*'«
"
'
about
surrender #er*
to
*
p.
,
? e
.
.
&
Nicolaus
Stifel,
5,000?
Co.
&
10,000
Co.,
Inc.
5,000,
Weil & Co.—
'
'
>
10,000,
.
1944
1943
1942
$245,341
$250,847
O 87,843
56,131
38,589
2,596,445
648.365
2,990,660
908,271
i ;
310,316
2,271,596
2,358,164
277,128
246,580
■> 110,962
■
694,249
'
331,946
.•' =
p.
v'7 !'
73,145-
...
2818.;"♦■•■: <'
V /'
".v*1'11
[ '*y\ i. /t;«;i,\ b!yV*.
162,
4.-W ;i!
Staats
.
income—
oper.
,V
R.
5,000
Minton & Co., Inc..
Wm.
8229,380 ;// $173,990
-62,763 .
*24,996
1,878
^59,8^5
railway-...:railway
from
ry.
'
Jan*. 25
Sills,
1945
--
-
-
from
Net
5,000
5,000
H.
Island RR.—Earnings—
railway—1__
Net
30,186;248'
10,000
Scherck, Richter Co——^
10,000
5,000
Net ry; oper. Income--From Jan. 1—
1,241,284
Calif
Co., Inc.—.—.
"yX ,-p:Z';*$+ ;/■/•.V-
3192.•
from
from
&
20,000
5,000
p.
Shares^
of
Co.
Rollins & Sons, Inc,
E.
5,000
.
1
Inc.
number
follows:
Irving J. Rice & Co..——
20,000
^
Co.,
^Deficit.—V.
two
Pacific
5,000
t.»._
Calif.
the
and
N&inC"
Co.,,.
&
underwriters
the
Pitman
Gross, Van Court & Co.»_
$3,186,529/
$3,101,486
167,314
Net T^f °Per' inco^ie-,—
Stuck
of
Shares
Allyn & Co., InC;«(.: : 20,000
First
$345,865
to be purchased by each, are as
]V-
83,750
November—
1943
Net from railway—.—
I.
'■■
•••
names
stock
common
&
179,426
$393,613
present intention of the board of directors
initial dividend of 15 cents per share prior to
an
&
Gross
1
1944
260,770
-
222,052
the 510,000 shares of common stock. ;
Name—
—V.:.162,
1945
262,450
;
$481,386
Dewar, Robertson & Pan--
«Mobile & Ohio RR.—Earnings—
November—
10,024.
$786,061
the
is
pay
on
$377,116
$447,772:;
265,135
275,835 I
$488,481
UNDERWRITERS—The
Boettcher
66,156
$30,321
$878,115
266,493
.-J.
income
A. C.
$443,272
.
$1,022,356
X
6,914
■
Fed.- inc.
Fairman &
$513,928
292,996
$776,037
;
9,489
.;'
„
284,003
Rauscher,
$567,975
124,703
$35,834
•"
'
307,249
$871,201
317,860
/
$1,012,867
/./■■ Inc..83,750
1
/
deductions
for
;
$1,038,977
Central Republic Co
k
$677,994
:
$1,029,696
X.
; 9,281
:
inet).^
DIVIDENDS—It
to
—
<
241,946
Fed.
Gulf & Ship
income.;162, p. 2817.
255,316
328,313
April 1, 1946,
—
Balance
ry. «oper.
-V.
176,176
250,115
•'
Allen
$4,545,300
$39,582
pfd. stk.~
on
43,527
1—
railway
railway
1,485,896
194,118
taxes
from
Jross
$2,973,051
1,695,481
232,043
-
Provision
;
1942
(v1943
$526,675
$512,511 "
214,722i
194,864
I- 59,962
62,040
$3,323,365
1,872,397
263,891
than
income
Income
31,
1945—12 Mos.—1944
.
14,146
1944
1945
$527,671
$3,685,282
—
Gross' income
:
$59,242 /..■::/
^
Dec.
on
operated as a mutual
,356
railway——
York
New
-
oper." revli:/:/-:
of shares of
2817
-November-1|,,
.
mutualization
approved by the
complete
C,n —Fnrnint/c—-
Gross TCvenue t-ii
Operating expenses—/
° nri" A'
8,226,410
104,342
1,967,939
230,969
other
Net
stock
Georgia Southern
Iross
Mutual-
adopted in November/ 1924, but because of
settling an estate/it was not until late in 1^45 !
in
shares
10
Pnwpr
^ilSPeriod
i
—
Power jCo.~Earnings—
367,0*
1
railway
Taxes,
>
!061
263,168
s
265,983
669,578
101,578
"X
Depreciation t
35,830,366
$843
$884,063
$878,344
,
174,762
850,815
117,919
$3,820,808
'Total
outstanding could be acquired.
The •
was
finally completed under -the terms of the 1924 plan
by- the company's- policyholders and the New York Super- !
intendent of Insurance.—V. 162, p. 3192.
,
•
"
42
1942
197,370
950,003
112,310
Operation
plan
involved
last
oper.- income..-
ry;
-V.
1943
•
61,939
income
5,—31,258
From Jan.
Iross
.1944
•
399,951
...
Maintenance ;
purchase
-
$1,624,418
416,290
208,612
Bottling
approved
1945
Jet
oper.
under. a.
the
.Georgia RR.—Earnings-
$1,757,312
451,194
206,806
.
Guardian has
company
1942
1943
$1,959,360
461,470
Water'
.
Other
difficulties
1944
$2,011,970
income
.
.
1,026,446
1942
12,036
Guardian
■
Calendar Years
July 31, '45
Electric
■
Jan.
the
.
■
Operating Revenues;
from
new
.
merger
■
1944
announced
Iperating revenues
-V. 162, p. 3192.
:
1—L'c V.A-k1
::
railway..^ 188,059,301 191,699,459 181,155,018 150,785,692
Net from railway— ^46,720,808
70,122,969S70,536,621 ■ >65,640,497
$9,338 /vt- $131,144
2,259;. <: / 4-655
$12,206
*
'•:'
,
'From
Gross
$119,108
1,051
"$9,122
a
,
12 Mos. End.
$14,307,894 $16,439;251 $17,303,603 $15,311,875
railway....... '='2,593,274
.5,474,654
4,693,835
7,215,551
ry; oper. Income-.: .'
2,832 X 1,893,099 f
251,298
4,000,553
Net
£y. 22,390
4U.154
'
effect
SUMMARY OF CONSOLIDATED PRO FORMA EARNINGS
V;
from
Net
95,110
,
k/. 21,914
.
educts.
:
of the management of the company to
of the two companies as soon as prac¬
;
'■
1
>•
•
1
''
intention
present
to
from- railway...:
Gj'oss
32,347
1,992
°$ii,346 :
income
by the SEC.t—Vr 162, p. 878,-- % s> ' A
the
the
Great .Northern Ry.—Earnings—
\
$236,608
$115,354
Xi,
98,350
$22,532
.
\-\ih 12,360
Z>r)
point faci. rents-(net Dr) k4
Gross
-
-
■"November—
3,159
income—
oper,
and his as¬
for $660,100
<
34,930
-
(Fed.
of
Ry.
Squip.
been approved
utility i
public
company
ticable.'.'1' !■""
v■■W." l'I; A ''':;!
3,422
—
Unemploym't Ins,
1938)
Act
_
The -company's- proposal to sell to- Frederick E. Zejjch
sociates its investment in the Ohio Gas-Light & Coke Co.
to
the
endeavor
Gr*at Lakes.Utilities Go.—Sale -of Subsidiary—
v
$2,189,897
'1,755,733*
1,834,069 •
- "54,461
'
51,042
$1,990,172
the
subsidiary holds a leasehold interest.
promotion of its electric, natural gas and ice
engaged in the merchandising of appliances '
in the territory it' serves.
The subsidiary does not presently engage
in Uhis type of business, excepting the sale of ice appliances, but de- •
pends upon local dealers throughout its territory to handle appliances.
business,
7,911,536
5,408,831
7,58-4,971 ,- '9,286,949'
,930,845
4,5
in
engaged
situated in Louisiana in which the
31.966,000 <27,906,000
-
likewise
Is
-subsidiary
in
Incidental
32,669,000
s
\
The
furnishing electric service in 35 communities, natural gas
three communities, water service in one community/ and ice
service in 24 communities, wholly within the State of Louisiana.
The
subsidiary produces a portion of the natural gas It sells, from lands
business,
^'V-
$2,859,000
.
Nov.
on
Louisiana.
-
1943
$3,055,600
■
this
on
1944:I.\;^:'V
889,982
•f;' 598,200
on the
common stock,
jani;. 10;,rA similar disxTot.
Net ry. open income.
'
262,236
1, last. ( Prior to the
3-for-l
stock
split-up, the company paid $1 per share on Feb., 1, y
From Jan.
lay 1 and Aug. 1.V1945, on the old shares.—V,. -162, p. 2817^-^^Ci;
f Gross .from /railway—::'! 33,861,000
Net from railway——A:'(6,862,802
George & Florida RR.—Earnings—•
^
Net "ry. oper; Jincome^^'^,386,602
o
tribution
71
THE COMMERCIAL & FINANCIAL CHRONICLE
/
,
r
directors'
of
"/,=V
■
■
l\<[.; ■'..>*t,'
1
v
Hackensack Water Co.—Plans to Sell Bonds—
,
•>,;-v,
.
•
>
/ The company plans to
ask the New Jersey Board of Public 'Utility
^ Gulf -PuhliC-'Service ^Oo.—Common Stock J Offered—
Commissioners to approve a $15,000,000 issue of first mortgage bonds
underwriting:sj'ndicate headed by Allen & Co. and Iko refund the $14,350,000 of 3ya'/« bonds maturing Oct. 1, 19684.;l-..4V.«
•
,
.
stock with
An
|t0 <.110
OUtSlElluin@
1
AftCiT
SpIit^UPi .psyflblc von*/'4 Cv.
I
4.5
to
uolufirs
Record
of Jan. 30. Three quarterly dividends of 25 cents each
earlier, in the current fiscal year, on the 977,300 shares
oald
3U^®n?ing<
Christmas
..
„
business
..
„
.
.
l
.
v
■oriy
t)rt'J
$11
,
nntnom?
^
1 ^
n/>vt^pnr thrmia>f
inHnL!!01I!f
Piiminnifon
Z pvit nrAfnl
V. 162,
fho
st?nt?ftl
nrnfitR
v
n
p.
share.
per
*
•
The
—i
;
,«u
proceeds will
110
to the
accrue
COm-
will.be offered
bonds
new
five
least
At
Investment
The offering has been oversubscribed.
stockholders and
at competitive
anticipated
bids are
banking
sale.
contemplated bond issue.
enter the competition in¬
the
for
preparing
groups
to
clude, it is said, one led by Dillon, Read Sr Co., one by Blyth & Co.,
Inc.-, one by white, Weld & Co., one by Halsey, Stuart & Co., Inc.,
and one jointly by Kuhn, -Loeb & Co. and W. C, Langley & Co.—V.
162,
2516.
p.
^
'
^
PLA'N
OF READJUSTMENT—At Nov. F 1945; the authorized capital
iclri
1640.
n1(k
wag
of
owner
11 OOO
shares:
Franc.PK
H.
T.nttner
war
t.he
■Hamilton Radio Corp.—Repays
/
stock consisted. of. 30,000 shares of common stock (par $10); all "of
which were isued and outstanding. At said date, five individuals each
owned more than 5% of the 30,000 shares, namely: C. *W. Murchlson
ik
iro
"••••<•t
'*^-3 '
pany.
iw
thA
/fJnmt
tov
/Olume nnri thp elimination nf the excess profits tax.
and the
Of
-y'
./v'-:'
The shares are being sold for the accounts of several
^
ynuL
■
rp^
25
fiscal
uIn?Q?fiti0wniarShAwaV^
o
a /.public offering
Dec. 28 of 312,500 shares of common stock (par $4) at
then
of the department store chain showed an in'k, it was stated; with the sales volume for the
year ending with January likely to exceed $225,000,000, which
;ompared with $194,000,000 in the preceding fiscal year.
of about
urease
^1.
Rauscher, Pierce; & Co./ Inc.,> made-
were
V-T Loan—
-.This'Corporation has repaid to the National City Bank of New York
a
■
$2,000,000 V-T loan, which had been,: arranged to, facilitate the pro¬
of radio and radar equipment for the armed services, it was
duction
ownpr
announced by-Adolphe A. Juviler,
President.—^V. 162, p. 1392.
v
Gleaner
Harborside Warehouse Co., Inc.—Interest, Etc.—
oh Dec. 3, last; determined that the earnings of the'
fiscal year ended Sept. 30, 1945 are available for
$5,750,000 outstanding 40-year- income bonds at therate of 2,/2%, viz., $143,750, as well as for the sinking fund instalment4
on
said bonds with respect to the fiscal year ended Sept. 30,
1945/
viz./-$175,795, said amounts becoming due and payable Jan. 1, 1946. ; The directors
have, postponed the payment of said interest and
The directors
,a)
>revious year, and in all of our territories there is still a demand that
exceeds the supply.
Our sale of repair parts also reached a new
^
srrsfe'ssin m ot 1M4, owlng 10
w^s
:
Practically, all oi: our business
cash.
Our farmer notes
they have been In the history of the company;
NOW that priorities have been
we have
are
P, sjhstantiaiiy
/
less
(c)
in
split-up,
iross
sales, less returns
Net
from
prof,
)ther
income ;
,
■'
$688,052
218,907
;
':
255,324
(d)
60,711
"
profit
$923,499
< $795,946
——
$739,916 /
.,
-
f
3d.
&
State
inc.
prof.
excess
$923,499
taxes
'
12,898
profit
$451,999
Sarns.
*
/fI;:
per
share
'ik
..
225,000
'
BALANCE SHEET, SEPT. 30, 1945
ASSETS—/Cash in banks and
-
■*
.
1
'
$3,628,424.—V. 162,
..
W.
Lavers
Farm
p. 457.
has
been
Equipment
appointed
Division.
41/4 ';/0
as
He
Chief
will
1st
■
•
acquisition
by
stock which
common
by
an
virtue
of
the
Cain;
by
& Power
.
Operating
Operation
—
Depreciation
160.722
129,052
1,518,951
108,333
1,712,406
1,300,000
;.
200; k
•
investments-^ v'
electric
<
1,715,266
'$■ 147,166
■>
Amortiz, of limited-term
they are sever-
transactionsy above
1945—12 Mos.—1944
$1,636,156 $20,882,804 $20,063,691
(electric); $1,576,757
574,572'/ ; 553,841 7.046,664
7,097,921
*
rev.;
Maintenance.
respec-
Co.—Earnings—
1945—Month—1944
Period End. Nov. 30—
Glenn
them,
until
fund
.Houston Lighting
application
2,200
Prov, for maint. & repairs
def'd
as
aceel.
Prov.
securities of Louisiana Public Util-
stock
($4
use of
for
of
result
a
:
Net
250,000
&
inc.
', 354.487
profits .taxes__;
other taxes-—
All
'
250,000
properties
Fed.
excess
k
oper.
4,250,380
365,919
3,932,043
1,396,204
1,329,438
$364,943
$5,024,336
$4,120,686
83,675'
$255,935
revenuesOther income (net)L—X
1;
Outstanding
V.;
19,488
3,402
52,157
$261,505
,'$368,345
$5,076,493
$4,140,174
71,875
80,208
867,854
962,500
- 4,430
10,525
1,332,161
126,300
5,570
'~dt: Gross
due
•
$2,800,000
/ 850,000
;
1950-1960___
;
$2,642,000
;
v 850,000
par)__*.
v
680,000
v
income.Ji k
Interest- on mtge; bonds
; Amortiz. of debt disc't
and expense X/—
•.
850,000
510,000 shs.
A
Other
,
series
4%,
A,
due
-
are
now.
offered.
■'
are
—V.
;
,
of
In
(Del.).% /
October
the
debentures of
of
the
stock
the
of
the
debentures
.
.
.
,
and
.
company
retired.
On March
6,
of
President,
Smith,
stated
for the
period.
111,659
$2,794,045
389.588
$2,939,715
380,939
$2,558,776
the
in
the
company's, annual
report,
on
part:
in
purchase
in
Nueces
1945, of the transmission and
Corp. and the Richardson Petroleum
May
distribution
Corp.,
sup¬
as substantial industrial requirements in the
constituted a major addition to the company's
income
plying Robstown as well
all
Corpus
the
Christi
system.
1945r $300,000
The
The
subsidiary, whose principal office
is located at 303 West Vermillion St., Lafayette, La., was incorporated
in Louisiana on July 27, 1925.
The company is engaged in the public utility business, furnishing
was
C.
31,
lines
acquired 10,000 shares
of
subsidiary, being
subsidiary outstanding.
$274,183
$181,344
/
82,433
3074.
p.
.Frank
.
,
the 6% unsecured
all the capital stock and
$2,000,000
:•
Houston Natural Gas Corp.—Annual Report—
;
Oct.
The
■
November, 1944, the
and
common
debentures
;
162,
■■■■"' ' '
COMPANY—Company, whose principal office is located at 121 East
St., New Iberia, La., was incorporated in Louisiana Oct. 7,. 1944.
On Nov. ,2, 1944, company acquired all the properties, assets and
business/ and assumed all the liabilities and obligations, of Gulf Public
Co.
income
3,429
3,853 :■
;
stocks
V
Service
■
.
$2,300,000
Main
;
deductions
&
,
$2,300,000
! the shares which
'
,
$2,404,457
int.
Net
1974
■
,
^510,000 shs.
k-''
bonds,
mtge.
Jan.
:
Authorized
•.
/•/j...*312,500 shares of the 510,000 shares authorized and outstanding
Engineer of the:
have
charge of
Prior to .joining, this
corporation, Mr. Lavers was for nearly twoIyears the administrative engineer of Harry Ferguson,. Inc.
He served
years
with the Minneapolis-Moline Power Implement Co, and its
Ipredecessor company, and as Chief Engineer of the automotive divi-'
ision had harge of tractor and
engine design and developed the first
Itractor to operate on high-grade gasoline.—V. 162, p. 3192.
the
1945-1950
serial notes matur.
v-/ Subsidiary—
lengineering for the Rototiller, revolutionary tiller which prepares soil.
I for planting in a single operation, the Frazer tractor, and various
|farm implements, H. C. McCaslln, Director of Engineering, announced.
126
receive
:*ky '. V/i'
bonds, series A, 4%,
AUg. 1, 1973—
3% serial notes matur.
Common
$44,264; accrued Federal and State
Graham-Paige Motors ! Corp.—New Appointment—«; '
Albert
I corporation's
Effie Marie
instalment
sinking
determination
-
/'k*
State, local and misc. Federal taxes, ;'
l$12,847; accrued salaries and wages, $7,990; miscellaneous accruals,;''
l$l,099; employees' payroll deductions, $7,659; common stock ($2.50 par.
lvalue), $750,000; capital surplus, $859,641; earned surplus, $1,456,347/v
|total,
will
company
CAPITALIZATION—The following sets, forth the capitalization of the
the plan of readjustment.
This;,/
1st' mtge.
^
hand, $1,118,795; U. S. Government
lobligations (at cost plus, accrued interest), $1,002,564; receivables—
Jtrade (net), $48,708;.inventories, priced at lower of cost or market,
|$894,804; prepaid expenses, $8,947; property; plant and equipment
Rafter reserves for depreciation, of
$566,157), $554,606; patents and
■goodwill, $1; total, $3,628,424.
1
) v
>.4,.
LIABILITIES—Accounts payable,
lincome taxes, $488,577; accrued
to
of
Company—-
'
.
on
1
Lattner,
^_JjP
,
,
and
$341,101- // privately by sales or by exchanges for securities previously outstanding,
and all funded debt of the company and the
subsidiary is presently held
270,000
;. by banks and other institutional investors.
--■
.v.'/
■;.;
$415,611
300,000
$1.50.
After post-war refund of $1,800.
fund
following
■ji ities Co., Inc./,(subsidiary) other than those held by the company. All
^outstanding'(^securities of the company and the subsidiary were placed
$462,946
360,000
;
176,500^
"16,200 :
nftVr''
Net
Mvidends
H.
./company as adjusted/pursuant
to
-■/schedule also shows, the outstanding
$517,601
$708,111;-
f; 292,500;!
316,800
'
183,000
:■
(
;
$795,946 /
.
288,500
the first
date for
the payment of
instalment
(viz., Jan.
1 of any year)
the board, of directors that the current
cash
position and cash resources of the company permit payment
thereof in whole or in part.—V. 158, p, 8.
■
outlined.///;/.;-;;;:'(■>
frnv
=•
7ed.
Frances
for
SEC
ally .-entitled
$530,494'
31,805
Murchison,
the
approval
tively, of the shares of new
•
Cv :
W.
with
-
Net
)ther deductions
of $1,740,000
sum
C. Hyde and Forrest C. Lattner will have filed
"
•
121,063
/f: 51,864 :
C.
V,
$409,431
,
,
the
the
on
interest
a
stock
9rs 194.
1,129,195
"
47,363
of
nature
common
aggregate par.value of $2,040,000, comprised of 510,000 shares
of common stock (par $4); and,W;-£%■ Z$H
$735,235
•
the
of
1 123 195
230,995
$875,635
opers.
shares
$1,787,951
1,859,874
91 ft Q07
257,241
expenses
435,000
1859 874
2 383 054
Selling, general and ad ministrative
of
$2,766,833
$3,349,284
2,794,216
consisting
,value of $1,740,000), the
to capital, and by virtue of the stock split-up, the authorized,
issued, and-.outstanding capital stock of the company will "have
been increased from an aggregate par value of $300,000 to an
1942
1943 "-
•
$3,927,092
sales
par
have been transferred from the capital surplus of the
.
Jost -uf
new«»» M
5
of 2/2 shares of the new stock for each share of the old stock,
(aggregate
"1944
P
interest
sinking
iarger
stock
1945
: "s
•»« ^
•>>
than
i«L,
for
company
far
gas
area,
■
company's
gas
transmission
miles
of
•'
; 4 '•
'
distribution lines now total 1,579 miles and its
123 miles." included in these totals are 61
lines
distribution
lines
and
40
miles
of
transmission
lines
added
.
■
electric
service
in
21 communities,
during the
hities, water service in seven communities, and ice service in 13 com¬
munities, and is also engaged in the operation Of a non-alcoholic bev¬
erage plant in the City of Jeanerette, all located within the State of
fiscal
than doubles the
natural gas service in nine commu-
of
the
year.
This increase of 101 miles in gas lines more
length of line laid in any one year since the outbreak
war.
"
Announcement
the
company
of
was
a
made
in
November,
1944,
of
the
purchase
nine-acre triangular plot of ground as "the
by
site for
.
CHRONICLE
THE COMMERCIAL & FINANCIAL
72
a-new
war
feet
541
of
52
the property,
industrial boulevard, was
an
on
sIli
located
accessible-
section
wffhas^a
wnicn nus a
warehouse and service
The
purchase price df
company
(he
after
frontaee
tSe
and provided with xailway
company
!->
Gross
Gas
$^683,847
purchase,
Operating
Other
income
$4,551,051
$1,500,124
17,542
——_
PUBLIC
the
OFFERING—Upon
expiration
is
■Mir/
the ex¬
of
and
such
additional
amount
the, company a sum
shares
of
preferred
price
exchange
the
be
may
increased
offer.
subject
of
The
of
the
with
debentures,
at
principal
additional
offering, ■* is
' $1,511,421
bonds-/-—.r——/--128,989
$1,610,137
19,824
11,118
; 4.874
17,181
income
Gross
on
Other interest
Amortiz,
charges-!--———
Prov..
Fed.
for
profits
exp.--.
accounts———
income
ajid
•
••
.
charged
14,463
of
with
new
deducting
with
for
income
Earns,
ftft
per
—ft
share
common
;
100,000
JULY 31
fixed
Total
Funds for
receivable
current)
(not
,
992.675
*
Cash,
general
Funds
for
U;
!-
funds.
3,306
.
—:
i
and dividends-!-!/ /•/ftft 82,772
payment of int.
Government securities----/--.-----,-/-—
S.
accounts receivahie—-—/— —ft//—
and
Material
and
Deferred
supplies,
debt
etc.—
■
Accounts
interest
Accrued
v.
Deferred
Reserves
for
Reserve
by
in
aid
present
of
—
construction.—
company
—
3074.
p.
from
193,876
From
Gross
I®4SV»i«
1S45':wW*
railway
Net ry. oper. income..!
Jan.
3 ,408,322
6,892,796
1,811,789
2;556,902
Net
ry.
income...
29,567,155
22,483,585
20 926,797
3192.
p.
31,
stock
have
called
the
retirement
the
par
redemption
March
on
debentures.! The
the
of
excess
out
fund
ture
gold
be
monies,
$79,000
bonds, due
of
March .1,
■
30-year
■
.
.
sale
price
surplus.
& adm.
Other
1942
686,927
39.904,101
From Jan.
Net
ry,
Gross
Net
from
Net
ry.
"414.440 !,
385,077 !V
114,055
124,250
10,649,354
9,045,487
..
1,311,789
Gross
pp.- 2943,
3,059,845
314,302
2,402.715
270,960
-
;
Keith
:
16,445
8,471
;
;
Period End. Nov. 30—
Ry. oper.
Ry. oper.
$1,355,754
revenues-—
expenses-,
1945—11 Mos.—1944
!
$434,167
»
$339,243
32,865
'
•
51,391 -•
>
fr.
rev.
ry.
7
opers.
$256,837 ■!-;
Railway tax accruals-id ; ! 74,650
Equip. & jt. fac. rents.' ft 129,930
Net
ry.
Other
Total
240,785
297,123
$126,193
$120,826
$104,174
'
Misc.
deductions
Total
lixed
!
ft
our
paid
were
the
on
stock
common
for
the
$601,925
45,438
$506,961
Net
ft
$14,956
"1
455,566
$148,217
■
Aug.
Indiana Steel Products Co.—Debentures Offered
maximum of $1,000,000 12-year 5%
tures
being offered
are
Dated
sales
as
A
31,
four
1946,
EXCHANGE
sinking fund deben-'
outlined below: !■!»!'.'!;'■
i!;!'
to
of
the
The
the
shares
at
and
of
OFFER
common
$10
TO
of
Ili'M
preferred
call
for
stock
stock
offered
interest
at
to
be
$8
unpaid
share
stock
including
to
Dec.
29,
12-year 5%
of said
The
1945,
ferred
industrial
the
to
cancellation of all
business, ' amounted
war
to
entitle
holder
to
stock,
with
a
holder of 50 shares
of
The
aggregate
.
payment
the
suit
a
four
principal redemption price of $1,100,
has the right to exchange his
preferred stock for $1,100 principal
amount of
debentures, with warrants, plus the above mentioned cash
adjustments.
*
an
27,115,106
10,200,213
3,838,492
8,543,746.
19,560,576
;
?!
profits
and
6,807,802
its
against
Federal
is
It
Internal
it
the
by International
as
a
income
expected
Revenue
by
$10,000,000
allowable
sum
of
of
deduction
and
excess
that' shortly
They
are
of
bonds
also
when
that
expected
Paper
Hudson
Co.
River
company
to
to
gross
profits
tax
present
purchase
finances, to
of
an
for
-
that
settlement
System
income
in
of
constitutes
computation
the
company will
of
second
mortgage
Hydro, if and
for payment of
Paper Co. refunding
subsidiary
of
meet its obligation
International
5%
It
is
indicated
that
the
expenses
——-—
;
1944
1
-
'
1943
$91,0Uo,577 $84,V(2,243 $87,909,867
7
!
82,348,283
7$,946,821 78,174,263
,
^
$9,025,422
$9,795,604
2-78,663
—
taxes
for
.
_
$8,658,295
-
279,695
313,950
_>
$8,936,958
514,617
1,623
$9,305,117 $10,109,554
449,264
' 216,898 ■
125,864 .;.1,430
.
.
■
42,807
6.223,000
-
post-war
——
—
rehabilitation
■
6,200.000
.
.
-
'
7,500,000
-
„,!!--
ft
500,000 !
500,000
$1,940,492 Sl.791,227
Dividends paid
901,445 ft 919,144;
"Earnings per shai'e—
$3.14
$3.27
"On combined 290,285 shares of class A and 328,244 shares of class
B stock outstanding
at Aug. 31, 1945 and 1944 and 290,285.class A
♦ shares and 257,982 class B shares
in 1943.
'
7
v
ft
tlncludes depreciation and special amortization;
/
'
;
•
jas of Dec. 29, 1943; the company acquired the outstanding stock of
French & Hecht, Inc., of Davenport, Iowa, which is operated as a
wholly-owhed subsidiaryv For • consolidation the income and expenses?
of this subsidiary have been included for its entire fiscal year ended j
Aug
31, 1944- However, to reflect in the consolidated income only the
amount' of earnings of French & Hecht, Inc., realized since the date
of acquisition an elimination of $89,497 has been made in the income
statement representing the portion of the profit of French & Hecht,
Inc
earned prior to the date of acquisition,
ft
v |
§ After deducting offsetting credits of $243,121 for Federal taxes and
Net
income
—
$2,154,911
:
927.794
$3.48
..
•
-
,
.
.
renegotiation.
"
•.
ft
!.!•!'•
■
CONSOLIDATED BALANCE, SHEET,
7ft"
.•
■•!
•
AUG. 31, 1945 !
$10,000,000 cash payment
(after reserve for
hand, $8,299,370; accounts5
doubtful accounts of $55,000), $4,649,116;
of Federal income taxes paid for prior years,
$961 095:
cash surrender value of life insurance policies, $282,009;
inventories of raw materials, work in process, finished goods, supplies,
and special tooling. $7,723,324; Investments in foreign subsidiary com-!
panics (at cost), $1,854,082; land, buildings, machinery and equipment
(after
reserve
for depreciation of $5,407,133), $5,870,118; deferred
charges, $394,101; trade name/goodwill and patent rights, $1; total,
amounts
refundable
$30,038,216.
1945.
of
check for the $10,000,000
agreement on the part of
a
$3,000,000
a
\
ruling
a
part
Hydro-Electric
from
Co.,
issued
in
representatives
Power
$13,152,000 principal amount
bonds, due July 1, 1947.
has
company
present to the clerk of the court in Boston
International
Internal
of
•;|
of
general and
selling,
other contingencies—
4,974,220
Co. —Commissioner
Paper
J
ASSETS—Cash on*demand deposit and on
Ruling—
Commissioner
the
with
pre¬
977,017
!•"
.
International
Revenue
each $100 principal amount of debentures,
including Dec. 31, 1946, and $10 per share
31, 1950, after which date the warrants will
proposal
976,809
"3,164,898
Income//-
162, p. 2818.
$2,226,645
" 347,831
793,430
••'! ••' .••••' •.:■:
28,176,769
3,189,069
railway
-
the
27,196,967
7,960,446
railway--—
oper.
■,.
! v
1943
$2,732,539
-
—
prior year_».—-——
receivable
for
mentioned
from
•
with cash adjustments
the preferred stock and accrued
warrants
from
v
'
Domestic Subsidiary)
amort,
Provis.
RR.—Earnings—
-■
:r»
>
,
-tElim.
of
French
&
Hecht Inc. "
•■!!■ earnings !!l; 89,497 />,;■
Prov. for Federal income and excess
- '
(f) !:
4^.-.::
Jan.'; 1—!
ry.
—V.
and
Dec.
above
From
Net
.
the
Net
Net
debentures,
on
for
•
orders and the inclusion
approximately $1,100,000.
Z. >'■. !-'!v'.,^!!l945":;:!!vl'' 1944'
railway-!!.-" $2,477,180 $2,578,534
from railway-/.A!_ ! -833,217 ; ,
798,527
ry. oper. income!'—';
242,507
289,502
Net
.
disposal of fixed assets
of emergency facil.
on
IAdd'1
magnets !
applications;
^
from
Gross
all outstanding preferred stock
stock, at the redemption
sinking fund debentures,
,
redempt, prem. exps—/——
&
Loss
products
permanent
November—
:v
pursuant
void.
Under
which
its
p.,2818.
1C2,
Gross
preferred
said
dividends
debentures.
common
per
and
and
the
on
shares of
on
.
the holders of
exchange
to
per share,, for
at the par value
accrued
redeemed
redemption.
company
opportunity
warrants,
be
to
claims.
income
Total
Int.
war
peacetime
,
2ft
Operating profit
1945,
prior , to the termination of the war with Japan,
to approximately $1,390,000.
Its backlog on Dec. 1, 1945,
effect
new
—.
share
per
PREFERRED
price of $22
for
(e)
motors;
International Great Northern
STOCKHOLDERS—All of the
outstanding 6 '£> convertible preferred stock (par $20) oi the company
was
called for redemption on Dec. 29,
1945, at $22 per share plus
dividends of 9% cents per share accrued and unpaid to
redemption
date.
The
right to convert the preferred stock into common stock
expired on Dec. 8, 1945.
On that date there were outstanding 28,262
shares
1,
giving
at $8
per
share through!
through Dec. 31, 1950, alter
which date the warrants are void.
Interest payable June 1 and Dec. 1
at City National Bank & Trust Co. of Chicago.
1
v!<
Dec.
the
amounted
—
1, 1945; due Dec. 1, 1957. Issued with detachable bearer
entitling the holders thereof to purchase for each $100 of
debentures,
its
of sales;
Other income
,
Dec.
warrants
of
administrative
period the company was engaged entirely in War
production.
Inasmuch as its products during the war period were
the seme as those produced to meet the peacetime requirements of
its
customers,
the cancellation of war orders and
the company's
change to its pre-war business did not necessitate any reconversion
of
manufacturing
facilities.
The company's backlog of orders on
During
,' 462,477
ft $15,674
and
generators
(d)
ment;
36.669
ft
in
^
agreement providing
termination
tCost
component
part.
Among
such products are the .following:
radio and sound equipment; (b) instruments; (c) control equip-4
vending equipment and miscellaneous others.
$647,363
35,721
■
products
of
manufacturers
to
Co.-^Annual Report—
1945
year
was
Company! distributes
States.
/ "
■.
CONSOLIDATED INCOME ACCOUNT FOR YEARS ENDED AUG. 31'
a
are
'
lo'l'to terminate the revolving credit after we have substantially, liquidated:
on the preferred stock from
Cash dividends on the common stock -have been
United
the
in
directly
(a)
7 ,35,572
3,604
42,448
$10,790
:
,
magnets
944,984
$471,339
.
$61,008
41,670
:!-::
2643.
p.
1
977,084
!l
$58,761
ft!??' 2,247
3,145
charges
income —/-.-—-'
Net
*—V, 162.
$55,60o
.
850,750
1,001,338
,
Corp.—Name; Changed-^ : :
$90,813
incorporated May
13,
1910
in
Indiana, and was reincorporated Dec. 10, 1933.
Executive
oiii:es 6 North Michigan Ave.,
Chicago, 111.,
The company is one of the oldest and largest makers of permanent
$2,523,973
70,502!;
ft
,
income
$2,323,477
ft-ft 63,458
ft!1' $52,257 !
7.! : 3,343
income-
oper.
income
$192,721
94,118
2,891,113
1,557,759
' 722,132
for payment of
credit
.
Net
08,407
3,680,609
1,716,090
V : 796,873
'
the 3%ft mortgage bonds, the company issued
7-year bank serial notes and also entered into
for a revolving credit of $5,000,000 tor
3 %
years,. under which the company may borrow at 1^4 ft
interest
per annum and wi.l pay a standby charge of
U of 1ft per annum
on
any portion of credit not used.
The revolving credit was estab¬
lished for the purpose.of providing funds during the, period of llquidat-:
ing claims under terminated war contracts, and It should be possible
a
27,645
*
318,906
BUSINESS—Company
AND
91,855
W.
$3,000,000
the rate of 85 cents per share for the year 1937, 15 cents
share for 1938, 20 cents per share .for 1940, 50 cents per share
1941, !and 62% cents per share for the years 1942 to 1945, in¬
HISTORY
-189,940
Rddio-Keith-Orpheum Corp.- below,—V, 162, p. 3193.
funds
at
dividends
! $336,879
163,767
<
284,500
•
No
1942
««
$350,492
Kennedy, President, on Oct. 31, stated in part:'
During the year ended Aug. 31, 1045, the company redeemed all of;
its 3%%
lirst mortgage sinking fund bonds due Sept. 1, 1952, and
also its 3 ft- note ior $10,000,000 due May 1, 1948.
In order to provide
DIVIDENDS^-Dividends have been paid
per
$1,273,648 $15,036,056 $14,907,340
1,080,927! 12,712,579
12,383,367
1,098,917
profit
clusive.
:
39,243 ;
-
*
paid
RR.—Earnings-
1945—Month—1944
$491,123
$449,936
*
the date of issuance.
1943
'
207,598 "
3.875,555
2,104,196
919,278
838,779
Kelsey-IIayes Wheel
6,124
;
^Seb
;
''$425,696 "'' '$353,119:
$-174,678
$440,456''
—
1,650,569
'
,
for
Indiana Harbor Belt
oper. income
162, p. 2644.
(Including
'
30,999,632
16,228,069 I "12,559,935
4,839,300
4,975,448
$360,825
■
.
4,048,901
2,040,261
Net ry.
—V.
1944
:
:
165,674
63,138
,
railway
Net from railway
1,691,255
175,549
income
Net
■■
168,271
'
.
Ry.—Earnings-
1945
$334,345
GToS^ifom
381,132
8,151,497
31£2,
;
1
v
from
railway
Net from railway
Net ry. oper. income—
-!
2,274,501
236,030
—-
3,679,250
;
1,420,439
308,621
162, pp. 2644, 3193.
Kansas Oklahoma & Gulf
1942
Federal taxes-'
for
on
180,158
4,794,398 |r 4,050,661
railway—Q: 3,160,636
income—
1,121,634
oper.
162,
!
.
757,976
1—
November--^
$2,219,923
9,480!:
expense
Prov.
$765,332
415.043
2,393
railway
"Deficit.—V.
$886,255
10,084,037
income-
oper.
from
$932,576
$753,219,
,
Gross from
-
Calendar Years-
1943
Total -income
1942'
,
•
$3,228,596
from
George
$3,0J9,371
income
Other
' 1943
1944
1945
Ry.—Earnings—
1,341,913
!
f
Illinois Terminal PvR.—Earnings—
November-!; '•
Gross, frcm xailway
Net from railway
3193.
p.
1,489,385
736,859
over
$3,848,825
exps.-
it
'"Operating profit
'
1943
'
$2,951,037
goods sold
of
Additional
'
$3,738,267
„
v
*1,800,000
of
1944
—V.
1944
—
Sell., gen.
•
at
1957,
at'the
made
sales
Cost
of
5%
sinking lund; debenIOIV2 and interest.
Payment
City National Bank & Trust Co., trustee, 208
So. LaSalle Sj;., -Chicago,.Ill,—V. 162, p. 135.
'
,
! ' ■'
'!
'
sinking
will
Sale
|| Outstanding
the
SUMMARY OF OPERATIONS
Net
Vice-President
as
railway/!!! 33,642,297:: 40,866,310
K; :;; Net from railway.!!.;,!!!!12,623,^496' 16,804,465
Net ry. oper. Income—
6,129,655 > 5,829,633
will
be credited to paid-in
shares will
the
23,647,432
next,
1,
Manager, on Jan. 1 anBedford, who managed various
P.
$3,760,726
stock.' All
of
2819.
p.
1945
Which
value of
Reichmanm
162,
the?i%xerclse of all the warraiit^ issued: in;
f:%!v'f 9 Mos. End.
for
directors.—V.
$2,212,508
438,063
maximtifh
the
with
common;
'
ben
162,
railway
Net from railway
Net ry. oper. Income—
price of $10 per share to and in¬
be void after Deo. 31, 1950.
a
,
&
former President of Willys-
■
November—
exercise of the
be paid into !
upon
debentures
Sept. 30. '49
There
Hurd
it is
company,
Gross
principal amount of debentures which
warrants provide^or the purchdse of ^0,000
proceeds from the sale of "commoii stock
through the exercise of warrants will be paid into a sinking fund for
Illinois Power & Light Corp.—Partial Redemption—
:
Pam,
Henry J. Kaiser,
Negotiating
Kansas City Southern
warrants to
said
1950,
t Assumes
offered,
be
may
1—
oper,
—V.- 162,
31* 1946, and at
Dec.
Dec.
connection
railway—ft! 192 337,262 205,013,539 192,846,176 160,710.830
65,870,104
54,268,771
railway.!!!!!/! 61, 191,385 -72,349,944
from
—V.
special
shares of
from
Net
\
WARRANTS—
OF
EXERCISE
the
„■
,
Steel Tubes- Co., Milwaukee;
the
and
common
1 '
reported is preparing to file With the Securities
and Exchange Commission a registration statement
covering 1,800,000
additional shares of capital stock.
It is understood the offering will
be underwritten by Otis & Co., First Caliiornia
Co, and Al.er. at Co.
sinking fund debentures,
;
,!
'
1957--,-!
—!«
,
"$1,000,000 ,
t$l,000,000
"
stock (par $1)
^
200,000 shs.
1144,345 shs,
a
•
cluding
5,299,346
2,974,900
'
The
1,
! v tMaximum.
' H942
-5,763,967
1 ,081,497!
■
...
of
with
an
SM0
and General
Clay
hfaded
Reported
stockholders' meeting held Nov. 27, 1945, the issue.
of $1,000,000 of 12-year- 5% sinking fund debentures, due Dec. 1, 1957,
was
authorized; the debentures to be issued with detachable bearer
warrants for the purchase of four shares of the $1 par value common
stock of the company for each $100 of debentures, or an aggregate
of 40,000 shares of common stock, at a price of $8 per-share to and:
"At
;
railway!!!! $14 ,653,650 $18,975,136 $17,065,848 $15T.4-»8.229
from
Issuance
of
election of Fred T, H.
as President to .succeed
Shares—
,
UPON
ISSUABLE
connection
shares
charge of manufacturing at Willow Run,
Mich., for this corporation
and Giaham-Paige Motors
Corp.., Mr. Bedford succeeds Vern P». Drum
who ..resigned; recently.
'
1
;
On Dec. 28, Mr. Frazer
announced the appointment of JB." J. Hunt
as Manager of Operations at the Willow Run plant: " Mr.- Hunt re¬
signed his executive position with the Chrysler Corp., effective Jan. 1.
.
ft
/ftftft
November—,
approx¬
is
expired
has
offer
the
in
appointment, of
in
5%
including
Net
STOCK
Dec.
Common
Illinois Central RR.—Earnings of Company Only
Gross
expend
to
'
for/which
purpose
Authorized
due
$12,605,415 $11,906,227
162,
exact
expect^
Company
Company
regard.
exchange
issued
12-year
1,397,379
-
ft! Total
—V.
198,784
1,658,113
—
used,
140 000
7-^ stock at $105, with
,
65,000
■
this
proceeds from
2,60^,065
65,000
:
be
of
';
20,394
29,981
2,921,843-
the
determined
yet
•
purpose.
corporate
any
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
304,205
depletion...
as
will
to
sinking fund for the retirement of debentuies.,
a
j,ft 154,861
ft
ft,-*..—.ft;—ft
,
and
contingencies
Contributions
Earned
items
depreciation
for
346,053
taxes.-;.
in
the
warrants
,302,991
Wi-165,125
——
and
credit
into
COMMON
All
134,971
445,706
/
ftftft
payable:
Customers' deposits
149,326
applied
may.be
and
,
1,425,484
3,298,000
1,425,484
proceeds
;
amount of cash to
not been exchanged
to the public/for
cash of such principal amount of debentures, with warrants, as will
net the company a sum equal to the cash, expended in redeeming the
shares of preferred stock.
$2,000,000
3,200,000
:
not
proceeds
Joseph Lie Frazer, President
W.
nounced
of the issuance of these debentures,
will initially become part of the com¬
be used in redeeming the preferred stock which has
is determinable,
a
further offering will be made
c
—
has
net
—When
184,640
.$2,000,000
stock
Common stock
(158,289 shares, no par)
!
Funded,, debt' •;■!:/
/.ft—ft/!!!/!!^
Customers' advances for construction......-.!
Net
funds
v
Kaiser-Frazer Corp.—New
Appointments—
DEBENTURES ISSUED FOR REDEMPTION OF PREFERRED STOCK
LIABILITIES—
5% ft preferred
PUBLIC
TO
■!'
°ne"half °f 'lh6lr
additional
expenses
,
.<
$12,605,415 $11,906,227
Total
SALE
CASH
interested in acquiring cer¬
tain
facilities
from
Reconstruction
Finance
Corporation and it is
expected that some of the proceeds received from the sale of the
debentures, which proceeds are to be added* to working capital, Will
be used for this purpose!
201,360
221,449 i
-~
FOR
fco hplderS|
'
.
ft
228.443
.
—-—-—
items—
.
2,363
Working funds in hands of employees
estimated
general
entered
i
223,075
Notes
•
431,308
198,269
2,575/
504,059
OFFERED
authorization
Presldent 01 the G1«be
r!fi?n J' Pal!streai". senior-partner in
S
M-i L?nwood A- Mlller. Chicago,
were
named
$200,000 oi its working capital for additional machinery and feV-:
equipment in the'proximate future.
Company intends at some future
date to lease additional plant facilities for the purposes of expansion
of
its
present business,
but no
contractual obligations -have been
1,579
'■
-A' 1,514,323
;
81,767
the
on
j
"Andrew
:
imately
-
,
1945;f!ftft"1944'
INITIALLY
warrants.
such
$10,254,928: $9,198,098
v
'
92,347 ft
92.307
,—-,/r/.:
capital,
sinking fund payment
Accounts
■t-
ft.ft' \'
all
Company
62,734
ft !
269,091 ft ft": 197,861
253,262
; .$2.68
'
$2.95 .ft;.?"';. $2.81
ftiftftftv' ?;:ft comparative balance sheet,
ft "'assets—
i-
ft
dividends,—
Preferred
Common dividends
$487,696
$544,970 !
ft!" 99.027-
$566,217
year—-—r
interest
shave,
a
°f ^h(iCh not more than 80;000 shares
the exisliP? 7^; preferred under the pon-
Chairman.
in
par
per
net
pany's
"
Net
accrued
at $22
dividends upon the
debentures. All preferred
unpaid
and
of
capital changes, including
unissued 70,000 shares of Vh
preferred!—V? l756, p°2449?
6%
rece'ot
Power Co.—Plan
Approved-
lueferied stock and
offer
to
^ UW w&omel
VnnntmCQ°,lnPfiiy 0n Dec- 2? announced the
R
Edsm
Ut'Ve Vice-President,
R.Edson kirih
Emery, who was named
exchange for debentures will be retired and cancelled.
DEBENTURES
$782,773
295,077.
'
305,992
!'■
and
at
offered
be
redemption,
for
accrued
for
will
warrants,
called
stock
subject
Jessop Steel Co.—New
President, etc.—1
the
proceeds to be received by ,the company from the $340,000
of debentures, with
warrants, which will be initially offered for cash ;
sale
to
the
public are estimated at a minimum of $310,000 after
...
.$850,962
,
stock
—The
with
debentures,
preferred
adjustments
preferred
*
ft Prov.
of
for
cash
stock received'in
■
Crl.830
$883,340
.for.;;deprec.;;and;;deplet.«^^^.^.'::^:31',122;
;/.Net income
$660,000
exchange
'350,000
Cr407
485,000
475,000
Cr 1,715
construction--^^; ;.,
to
11,457
excess
l.!!//!-!-!^-/////^!;'■
taxes
Interest ft
and
disct.
bond
of
for doubtful
Prov.
$1,809,508
136,740
15,821
11,786
12,794
132,904
be
trhSSr^ii CaU fllVhe PP^anding
obtlon
ft.;'." ft ft?4'' ftftftft/'
•
.
at
ascertainable
not
ft;
time.
present
version
before the expiration of the
of debentures, with warrants,
time
amount
any
will
h?J5 ?PI0V!d ihe
? imfpiLitt
na.
1,
net
will
warrants, * as
expended in redeeming the
not been; exchanged.
This
to the cash
which
have
equal
stock
Af
be6issued to°^holder?
will
par
the
DEBENTURES EXCHANGED FOR PREFERRED STOCK—A maximum
Interest
oo
the
principal
underwriters
will
purchase
from
offer to the public at not less than 102 % % of
offer,
company
5,338
'
international
cari^flStiom
'
$1,304,171
10,013
—u/J
s.—-
3,050,928
3,189,967
taxes -
&
exps.
oper.
income
ADDITIONAL
Co.
confirmlng the luii^ of
$100 principal amount of debentures,' at $8 per/share to
including Dec. 31, 1946, and $10 per share to and including
1950, after which date the warrants will be void, ftftjftftftftvftftft 7:
change
$3,902,386
2,598,216
$1,493,879
revenue
njade by International Paper
;<
Dec.. 31,
1943
1944
1945•/•:
v-a
«fe
Kalman
$340,000
each
for
stockholders the largestftnumber^ in
the history of the company.
Of £ « number853 ho djmrno
stock
while 1,002 own preferred.
No additional stock was issued dunng t.
fiscal year ended July 31,. 1945.
ft.| ft-ftftftftft ... ft ft' /-ft/ft : ->'•;*/.;■'
INCOME ACCOUNT FOR YEARS ENDED JULY 31
1,855
and
principal underwriters, Brailsford !
Co., Inc., St. Paul,, Minn., offered
of debentures, with warrants, at the initial public
offering price of 112 plus accrued interest thereon from Dec. 1, 1945.
The warrants enable
the purchase of four shares of common stock
and
"^LV^re'noW
Chicago,
Co.,
initially
Houston east end todustn.l
in
heart of the
arterial highways
to
&
approximately
Monday, January 7, 1946
PUBLIC OFFERING—The
INITIAL
scheduled to
be
...
,
.
$3,000,000; accounts payable
accrued payrolls, $184,953; accrued taxes (other
than Federal taxes on income), $481,953;
accrued interest and otherexpenses, $124,016;
reserve for Federal taxes on income (less U. S.
Treasury tax notes—$3,209,340), $3,169,647; dividends payable Oct. 1,
11945,
$231,948; sundry creditors, $309,472;
reserves for workmen's
compensation insurance, $60,000; reserves for reconversion and other
contingencies,
$1,100,000; long-term debt
(seven-year bank serial
notes), $3,000,000; class A stock (par $1 per share), $290,285; class
LIABILITIES—Notes payable to banks,
—trade),
$2,707,952;
Volume
stock
B
per' share f, $328,244; capital surplus (unchanged
$7,501,915; earned surplus, $7,547,831; total,
162, p. 459.
• -.
; /
; - " ;
"
Co.—$2,750,000 Loan Placed—
Kemp Real Estate
taxes,
$500,000), $610,138; dividend
Nov. 1„- 1945, $32,613; miscel¬
minority interest in capital stock and
surplus of subsidiary companies, $284,993; 4V2V0 cumulative preferred
stock, series A
(issued and outstanding, 28,989 shares $100 par),
$2,898,900; common stock, (issued and. outstanding, 728,100 no par
$2,750,000 fronts the
has obtained a mortgage .loan of
company
.
payment
of
ratio of 3/50 of a
payable
$10,921,500;
866,657;
total, $27,220,274.—V.
capital..surplus,
162,
$2,306,149;
earned
surplus,
Trust Co.
v
N. Y, City.
Bioolts, Harvey & Co., were
insured by the Title Guarantee and Trust
50th
was
Lehigh & New England RR.- -Earnings—
$6,«
(Walter) Kidde & Co., Inc.—New Contract—
Dan Cotton Mills below.—V.
See Riverside &
162, p.
;:
ing
Net
v
from
Net
<
Kimberly-Clark Corp.—Plans New Pulp Mill—
ry.
railway.i.^.;
'1943,
143,792
$490,443
55,301
83,314
,
101,108
on" Dec.
of
by
27
in Canada were;,
mill and town
new
a
Net
,
2,202,554
Cola
...
1,317,055
..
.
The
1942
from
Gross
Net
from
Net
ry.
—V.
1,412,758 ;
railway..^... ;
775,192
income—
oper;
162, p. 2819.
>
.
,
.
.
stock
1,561,340
November—
Gross
.
1
W.
in
Vice-President
ry.
rants
Jan.
charge of manufacturirg.—V. 162, P.
3194,
-
-
income—
Jan.
1-—
the
Gross
'$183,910
19,846
from
Net
ry,
railway..-railway-.--—_
front
Net
Jan.'l—
from
Net
from
Net
ry.
>
.
cipcift income
From
Gross
—
1
from
Net
'
.
ry.
1944
•'.'•1'943'v';'
$3,277,005
670,273
21,801
jV-. 104,730
*74,544
•302,849
41,612,077
39,867,645-
""
income—.
oper.
Ernest
40,875
162,
the
p.
ft/ft/
'
tavedain, President, states in part;
after V-J Day
practically
celled.
Onlv
S.
"
41,930,967
11,065,172:
v
204,948
Will
be
completed
11,542,262
8,205,000
2,77^338
3,814,038
of
new
accrued
the
dividends,
stock
balance of
to
be
-
such
net
.
proceeds,- estimated at a maximum of $2,$2,073,610, and the proceeds, amounting to
President,
1,
Jan:
on
Co.
Court
in
New
Orleans
Settlement
reported
the
with
that
of
to
of
some
latter's
Dec.
on
5%
of
cumulative
line
of
the
railroad
Louisiana
extending
Arkansas
&
from Packton
Ry.
chase
warrants
Wildsville
to
for
will
the
of
Junction.
until
be
.
.
business
of
locations during the year
new
underwriters
ft
pursuant to the common stock pur¬
effective date of the underwriting"
except the common stock reserved
fractional
of
The
1946.
respective
Horn blower
Lehman
&
23.7500
Weeks....
F. S.
will
which
several
;
4.1666
Moseley & Co.—
2.5000
Kebbon, McCormick & Co.
Mitchum, Tully & Co
1.6667
Pacilic Northwest
1.6667
5.0000
preferred
j
(accrued
made
slock
dividends
on
of
about
or
Jan.
on
$1.21
Jan. ,14
28,:, 1946,
share."
per
the
at
preferred
stock
$107.50
at
Payment
,
fact
that
are
share,
of
•
;
attached
proceedings for the year ended Sept.
Renegotiation
purchase
giving the right to subscribe to 2V2 shares of common stock,
$1 par, for each share of 5% cumulative preferred held at $22 a share,
in
resulting
concluded,
been
finding
a
that
there
were
the
Hearings have been had on the renegotiation of the com¬
contracts for the year ended Sept. 30, 1944.
The Price Adjustment Section
of Chicago Ordnance District has
recommended to the War Contracts Price Adjustment Board in Wash¬
ACCOUNT,
ENDED
YEARS
SEPT.
oc
(b)
of
'
1945"
-
1944-
'
'
sales.—$21,613,837 $22,739,768 $20,733,543 $21,250,666
profit before de'
'
9,282,679
10,135,108
9,151,488
9,458,895
Selling, brahch and ad»
<- 1
Deprec.
Prov, for
1,110,512
^
;-945,666
927,365
259,054
236,242
101,531
taxes——-/—-—
of
management
(>
based on profits
comp.
108,639
,/ ft
ftftft;—ft/.'
Profit before misc. inc.,
interest,
Int.
etc.
$3,412,027
448.580
468,915
)
-V
Int.
notes
on
totaled
$3,S8C,942
-
' 50,410
29,420
Cr37,934
J
prov. for iricome taxes—
taxes
Fed.
Canad:
__
Canad.
and
1.100
' ft* 26,408
' "
*
r
980,000
ft/,
180,000
1,180,000
-
plicable to minor, int.
22,984
V:
410,000
-
' 24,121
.
ft
,
24,837
t
22,326
'
y
Net
to
profit, transferred
surplu8___-.:___
'
Sl.Ron.Q'ft
135,000
90,800
910.125
piojog
•
728,100
728,100
: 728,100
$2.22
$l.fil
$1.80
of
Earns,
per com.
common
stock
of
transfers
on
Canadian
CONSOLIDATED
r
ASSETS—Cash
Canadian
in
593.188:
j"Vfntories,
on
net
.
funds,
assets
and
at
of
Canadian
SHEET.
at,
co«t,
and
subsidiaries
$3,548,663;
below
U.
and
S.
$6,333 s'ni;' rn(»c «nd
cost
or
$2.-
$570,150),
whichever
market,
reserve
and
for
deferred
,
goodwill,
478; ' cusfomers*
i
ft)
and
credit
excess
balances
profits
taxes
$1;
total,
$849,120:
and
(after
$27,220,274.
tft j.
I
ft!
provisions
that
issue
to
$250,000
$1,000
in
deposits.
lieu
of
Mr.
an
U.
S.
Treasury
reserve
savings
i'ft
"s.
I
.
I
•
:'ft i
1,1
}
-
for
notes,
the
week
with
1945
ended
Dec.
of
fund
and
30,809,000
"
1944
■'i::
stock
of
the
to
to
of
except
1946,
full
that
covered
.snares
purchase
apply
warrant will be issued
remain valid until Dec. 1,
stock
common
part
a
"
'
with
stock
the
26,
number
the
of
purchase
redemption
of common stock
indicate this on the
price
purchase
pursuant
may
warrants
letter
of
Dec*
on
continue
has
been
chief
as
Dec. 31.
announced
28
board
President
executive
of
the
officer
'
the
have
kwh.
F.
Cop-
and
assumed
(
his
■-
position
new
,
*
,
</y£
\
selected
Jameson,
for
Chairman;f Mr. Catlin,
Vice-Chairman; ft F,
Eugene W. Stetson and Mr. Coppedge.—V. 162, p. 3194.
the
6%
&
ft
1942
7,125,993
2,050,051
3,424,026
debentures
interest.
Street,
may
1,
Feb.
new
1946,
of
Payment
16 Wall
of
amount
Mfg.
1943
wi'l
New
Feb.
(now
York,
exchange
McCord
made
N.
at
production
i
of
debentures
o'clock
3
depository under
The
be
new
162,
p.
on
to
agree
on
Jan.
' v-'
4
McCord
McCrory
make
25,
such
1946.
exchange
Bankers
in
1946
exchange,
of 3V2%
that
business
Mack
has
Bing-
at
men
enough
factory
of
future
and
owners
1
,
S
1
,
r*'
*
,
'
r'
,
'/
1
" 5j '
,
^
r
W ' >'
any
' "ft, ftv-ftYft::
* V
\
in
operators
trucks for
1945—Month—1944-
.
}•
*,4
r
V '
-
^
1
"
expenses.....
$1,551,183
1,457,515
revenues—
$93,668
1945—11 Mos.—1944
$1,729,920 $19,060,538. $18,568,599
Feb.
1,
Net
Bankers
oper.
1,597.328
15,506,143
14,040,987
$332,592
$3,554,395
$4,527,612
for
a
.Taxes
like
t Joint
Cr55,055
—v..
(Dr).^._ ft ftft
rents
facil.
rents
(Dr)ft.^vfty
J
1,512,456
2,501,647
*207,039
11,057
7,982
25,698
20,822
205,747
152,831
252,361.
'
240,329
'ft
of
or
as
soon
Net
Corp.. above.—V.
162,
p.
Gross
per
136.
,
.
Co.
:
Net
—v.
interest,
•f. :|-1
income
I—'
162, p. 3195.
;
of
1
1
$1,583,831
93,316
$1,632,805
503.844,t;
$190,065
$2,087,675
141,519
142,869
1,533,431
$21,548
'• $47,196
$554,244
$163,067 ft
575,194
$2,207,999
1,596,701
■
v..
:'•
ft
$611,298
v.-ft.
■
i'v,,
corporation has declared the 30th regular quarterly dividend out
amounting to 9 cents per share, and an extraordi¬
ordinary income,
dividend out of realized security profits, amounting to 5 cents per
share, tooth payable Jan. 15 to stockholders of record Jan, 5.
.
•
Offered—
stock in the
'V'
10
-.ft
Payments dpring 1945 were as follows: Jan. 15, April 16 and July 16,
cents regular and 5 cents extra; Oct. 15, 10 cents regular: and Oct.
27, 75 cents special, payable either in cash or stock at holder's option,
—V. 162, p. 1515.
"
ft/"
'.
''• *
•
'
I
i-ft
ft'Hft
.
etc..-.
ft
..
nary
common
f-:
•
—
ftft ' $96,749
51,149 ..ft.
Manhattan Bond Fund, Inc.—Declares Two Dividends
Called—
v
'
|ft $lil,918'
ft
income
Rentals,
is
share and. dividend 60.000 shares
preferred stock (par $100) to holders of
i
income.
-ft-
securities
Trust
above-mentioned, will
thereafter as practicable.
Stores Corp.—Preferred Stock
Is offering at $101
oper.
ry.
Other 'income
as
Radiator & Mfg. Co.—Debentures
The company
number
revenues—4
The
See
*"
J.
Period End. Nov. 30— .ft
2819.
McCord
greatest
Operating
.
issuable
1,
the
to
Operating
of
plan.
Feb.
of
group
Maine Central RR.—November Earnings—
4'/2 % debentures of McCord Corp.
shares of common stock without par
plus
may
securities
deliverable
—V.
this
a
said
10-year
(EST)
p.m.
«■
ft
Equip,
holdings
to
Borthwick
Mr.
preference to acceptance of large orders of 300 to 5C0
one purchaser.—V. 162, p. 2645.
ft";-.-
/
Y.
their
Y.
N.
Corp.)
to
the
all
Corp., disclosed in talking
hamton,
Offer—
next,
extended
(as
be
1,
Truck
/^capacity to build between 22,000 and 25,000 trucks during 1946.
The Mack company policy, he added,
will be to allocate available
..
Co.
ft
Motor truck orders sufficient
to keep Mack
plants busy for six
are on hand, with every indication of peak production after
that. George W. Borthwick, Vice-President oi Mack International Motor
2,108,206
Radiator
"
:
| months
1943
on
TV.
J. ' Humphrey,
Mack Trucks, Inc.—Has Orders for Six Mos. Production
.
7,033,637
redemption
'r
»
R.
of
Randolph Catlin, resigned.
corporation since 1939.
He
-
directors
'
election
succeed
to
F. W. Paul, Executive Vice-President
who has been with the company since 1925, to succeed Mr. Coppedge as
President.
T. C. Lawrence, who joined the corporation in September,
was
appointed Financial Vice-President*
1
:
162, p. 3194.
Debentures—Exch.
for
debentures
said
dated
called
McCord
trustee.,
Co.,
be
has
'('ft'
.
:
wish
Chairman of the
as
jftjThe
22,-1945,
6,927,452
1,618,642
'•
•
preferred
who
preferred
Coppedge
will
on
exchange" dated Sept. 21, 1945, which was declared operative on Dec.
27, 1945.
The directors have extended the time at or before which
'■
$425,816;
5%
corporation
pedge
*r,<
M
'L
t
The
cash
will be
pay
'
.
I
(
r
liabilities^ $624^-
accrued
Jan.
on
the
New Chairman and President Elected—
of McCord Corp. at the rate of four shares for each $1,000
prin¬
cipal amount of debentures so exchanged, as provided under a "plan of
machinery
charges, $187,395;
noon
for
stock
transmittal.
value
transportation
LIABILITIES—Accounts pavable.
income
to
«c-
investments and other assets,
$245,779; land, $1,404,and
equipment,
furniture
anH
fixtures,
equipment,
cylinders
and
val"e<?
{after
depreciation
and
pmortb.ation.
$13 oan.725i.
$9,523,840;
buildings,
delivery
*
Corp.—Calls ; 6%
101
'principal
to
lower, $3,378,461;
747;
elected
,
sinking
at
holders
1945
30,
receivables,'
against
or
SEPT.
hand.
on
reserve
valued
their
to
our
Jan.
Holders
pio.iig
etc.
BALANCE
securities,
(after
;
$1.91
bank.-
Government
receivable
counts
-f
728,100
sh«re__
"For exchange discount
•
1,099.150
;
■s"
ft
income—
oper.
15-year
$li60*>>05
134,279
the
of
agrees
railway..— $14,251,929 $17,862,227 $17,158,414 $15,510,183
outstanding
'ft Trust
$1,747 401
131.908
Dividends
Shares
•
$1,522,885
.
dividends.—-
it
stated
will
this company for
kwh., as compared
corporation
1948)
Preferred
of
attached
warrants
from
The
J:the
,r
■
it
that
without
railway———'ft 3,079,610
McCord
//ft'
vendor
at
common
remaining one-half share which will
the company points out, » J"
1
Holders
775,000
810,000
890,000
ex-
cess profits
taxes..
Proportion of profits apj
ft'
ft;
770,000
the
1—u: ;.,;•
-'..y •
.'. v.-;.: :.';-:
railway— 182,645.758 196,140,879 190,498,169 152,403,181
Net from railway——
57,744,999
75,572.380
83,182,527
62,598,269
Net ry. oper. income—21,745,165
22,641,853
23,978,143
22,871,255
V. 162; p., 2819.
ft,
^
1
-
-
inc.
______
ry.
From
•
Fed. 'and
which
issued
of
output
from
from
Gross
/'§
2,°09
ft ft
___
'v-r'-*
27,057,000
Net
$2,909,531
72,202
$3,438,055
48,311
•Adjustment
of
stock
November—•
'ft Gross
1
'
assets
"
transaction,
expire
exercised
are
fractional
a
any
1946,
vendee;
the
Louisville- & Nashville RR.—Earnings—
'
ft/ft 496,391
ft 627,637
etc,.
pay.,
Xoss on disposal of cap.
stock,
of
ijG'v
,
Net
£2,545,979
—
of
corresponding week last yeaiva decrease of 12.2%.—V.
$2,413,140
$2,810,418;
>>
iivs, and other inc...
at
payments
of
will
warrants
warrants
The board also designated an Executive Committee comprising Ri
.
Profit
interest
notes
* '*
•
$2,097,399
—
receiv, and inv,
on
capital
Electric
120,000
...
of the
release
a
the applicant stated
described.; It further
property
amount
N
185.269
102,430
with
deferred
Louisville Gas & Electric Co.—Weekly
Output—
~
.,
the
mortgage
,
/
Prov; for imemploy, ins.
and
authority.
The stock will
be
sold
to
the applicant's
President, H. H. Holloway, for cash at
par, and the: proceeds therefrom will be Used as follows: $200,000
to
pay
for the property involved, $5,000 for organization expenses,
and $45,000 for working capital.
5,646,376
ft 5,068,824
After approval
secure
235,444
ins. and old-age ben,-
Portion
the
equal
858,666
175,093
and amort.-—
pensions, group
to
hearing
sufficient
preciation and amort.
5,415,931
property.
the
At
5,798,133
lien
existing mortgage on
that
of the property extending from Packton to Wildsville Junction,
unable to do so, the agreement and sale were to become
No difficulty is anticipated in that respect.
for
Gross
expenses
installments
annual
payable annually,
vendor's
to pay the entire amount of the purchase price
the ICC of the sale and surrender of possession
of
approval
proceed
void.
30
Net
ministrative
equal
annum,
by
La,, and if
1942
1943
five
per
1,he
thereby
portion
;
'
>
if
the applicant
the
to
3%
represented
upon
ington that ft clearance be granted, ft The Washington Board has not
acted on this recommendation.
It is the opinion of the manage¬
ment that; renegotiation for the years ended Sept. 30, 1944 and 1945
will r.ot have a material effect on the income as reported.
'
'
of
rate
to
or
:
yet
INCOME
for
remainder' in
the
profits.
pany's war
CONSOLIDATED
ft •'
$25,009
excessive
no
These
properties and interests together with certain equipment for $200,000,
the purchase price
to be at the option of the purchaser either (a)
in cash, or such larger sums as might be designated,
and
1943, have
30,
5%
the
to
warrants
'
RENEGOTIATION
be
York,
.
stock
common
plus
to
New
,
losses.
,:
.
expected-
Co.
;
the
f
per
is
Trust
:
certificates
1.6667
its outstanding 5%: cumu¬
Guaranty
ft-140 Broadway, New York, N. Y.
ft?
The company calls attention to
cumulative
1.6667
Co..__.
Calls 5% Preferred Stock; fort Redemption—
lative
L6667
....
The,corporation has called, for redemption
.
remain
underwriters
/
Hjgginson Corporation
Folger, Nolan Incorp.
Johnson, Lane, Space and
Co.. Inc..
Baker, Watts & Co.______
5.0000
A« G.; Becker & Co. Inc.ft 4.1666
;
the
Lee
5.0000
Brothers
by
shown:
'ft
%
Beane..________
warrants
purchases
percentages
Lynch, Pierce, Fen-
&
ner
•
such
be¬
named-
stock,
Kidder, Peabody & Co.... 23.7500
Goldman, Sachs & Co.... 13.3333
Hemphill, Noyes & Co.!..
5.0CO0<
,
.
close
the
of
of
exercise
upon
the
stock
as
shares
Dec. -1,
in
Merrill
in
attached
to. such
issuance
valid
Louisiana
Co.
the
to
ARRANGEMENTS—The
preferred
,
the
prior
and
1945
such
severally and not jointly to purchase from the corpora¬
the 60,000 shares of new preferred stock now offered
which are not purchased by the holders of common
stopk and (b) any
of the shares of common stock which are not
purchased by the holders
:ft
by
Purchase
(1)
30,
or
as
low have agreed
tion (ai
any of
its
Ry.-—Purchase, etc.—
authorized:
from
Co.
Ry.
27
Sept.
will,
and
UNDERWRITING
162, p. 2944.
.
>.
'
'V'':}■$&;'?\'&'l>'■''r-iy'•
.
funds
ment in present stores and contemplated
1946 and 1947.
'
■
agreements
litigation pending in
regard
to
1945
has, initially become part of the corporation's
may be applied to any corporate purposes.
On Dec.
14, 1945 the corporation redeemed $2,62.5,000 15-year 3 XU 7/
sinking fund debentures, due April 1, 1955, at'10*2 V2, which, exclusive
of accrued interest,
required $2,690,625.
Corporation expects to expendi
approximately $2,500,000 for building improvements, fixtures and equip
;p
Exploration
subsequent
.
.
to
require $6,450,000.
Accrued divi¬
are
to be paid from other funds
will
redeemed
minimum of
a
Dec. 21,
on
ft? general
2,030,061
providing for settlement of
District
ICC
^Midland
expected
is
It
effect.
in
prior
by the corporation from the sale of
preferred stock and the shares of common
corporation.
133,610 and
of termination
arising out
cumulative preferred stock
warrants attached to such
>; $813,076 from the sale of 36,958 shares of common stock issued by the
corporation pursuant to the exercise of common .stock purchase war¬
January, 1943. •" The processing of claims
La., and the latter's interest in lease and trackage operations over
oi war contracts has been proceeding in ay ;;the line of the Missouri Pacific RR. between Wildsville Junction and
normal and satisfactory manner.
A substantial portion of these claims .;
Vidalia, La., and in a ferry operation across the Mississippi River.
has already been adjusted and payments made to us.
The amount;
(2) Control by H. H. Holloway of the Louisiana Midland Ry. through
remaining unadjusted is not significant and no difficulty is antici¬
ownership of the capital stock. "•
<•
(3) Authority granted to Louisiana Midland Ry. to issue $250,000 of
pated.
'
Shipmenrs of war products, outside of the company s regular line
capital stock tpar $100), to be so'.d at par and the proceeds thereof
of
used to acquire railroad property, for organization expenses,-and for
pioducts, amounted to approximately $4,900,000, compared with
$6,100,000 in the preceding year.
ft ft/;/
ftftft» '.-ft'-ft :5;;irorking'^^
.?-t;
The reserve of $800,000 shown on the balance sheet, for possible
Louisiana Midland Ry. was incorp.;; in Louisiana in "August,
1945,
losses due to war contingencies, ^as provided from profit and loss in
for a
tern* of 99 years,^for the general.purpose oft engaging in the
the fiscal years 1941, 1942 and 1943.
It is the opinion of the manage¬ ; business of,?!ransportation- Jby, railroad %s a
comipcyi ^carrier in, both
ment, in the light of their present knowledge of the conditions and
: interstate „a^<i
intrastate ,commerce, : ond with thq specific intention
on
circumstances for which this reserve was provided and in view of; the
the parf of the incorporators to purchase the properties involved.
substantial
Its authorized capital stock is $250,000 (par $100X.v
expansion
and
plant rearrangement program,
that no
material losses will be sustained which would be properly chargeable
The line sought to be purchased is operated at present as a com¬
to
this reserve,
but restoration thereof to earned surplus is being
ponent
part of the railroad system
composed of
the Louisiana &
deferred as a conservative measure until the company has fully con¬
Arkansas and the : Kansas City Southern
Railway.
"
verted its plants and facilities to normal peacetime operations, when
Under date of Sept. 13, 1945, the applicant and the Louisiana &
it can be finally determined whether or not there have been any
Arkansas Ry.
entered into an agreement for the purchase of the
this
of
on
rants
10,540,933
3,113,541
2819.
Louisiana Midland
orders were can¬
war
shares
agreement
The
remained
contract
war
one
U.
,
all
Immediately
upon exercise of fractional
Dec. 1, 1946. • As of Dec. 21,
un.fil
proceeds to be received
60,000
The
^
1942
$2,934,092
:■
488,222
fee lands in Louisiana, and that judgments have been entered
by the
Court confirming the validity of the company's title to the properties
Liquid Carbonic; Corp.—Annual Report—
P. F.
Tracy,
involved.—V.
•
..v
B.;
have been signed
411,594;
issuance
valid
113,005 shares of common stock may be exercised
1946, the date of expiration of such warrants.
net
the
of
32,016,242
-
,
Land. &
Litigation Near—
fC'*.'—
3,127,368
; 1,444,708
.
_
2,810,801
1,055,415
238,994 ft/ 266,579
for
remain
for
exclusive
$3,405,570
Louisiana
$258,655
101,430
■'
16,398
'
.
1942
1
$210,459
61,863
2,878,P35
956,052
238,401
income.
■
—v. 162, p. 2819.
/■/:■:
,> •
16,664
ft
2,771,640
b27,912
-
railway..--.—
oper.
$204,373
46,647
13,586
'
,
raiiWay-
1943
1944
reserved
will
(estimated at $8,583,610 maximum.and $8,523,610 minimum) will
used, to the extent necessary, to* redeem the outstanding 60,000
shares of 5% cumulative preferred stock at $107.50 per share which,
,
1945
*
■
railway
railway—*—^.
•Deficit.—V,
1945
to purchase
which are not
Y be
Lehigh & Hudson River Ry.—Earnings—
November—
warrants
agreed
; stock
593,361
from
Net
.
to sell the subscription
found to be marketable.
proposes
are
not
are
has advised the corporato subscribe which it,
the rights
to exercise
36,983 shares of common sLoek had been issued by the.cor¬
in connection therewith.
Additional lull-share purchase war¬
26,
The
11,631,585
ft
'
have
stock which
common
United Stores Corp.
and
25,557,580
$3,351,600
V/"
foregoing offer to the remain¬
the
•
Gfoss
'
.*•-
railway
railway——. "
oper.
From
Dolaii has been appointed Vice-President In charge of sales,
Brown as General Sales Manager, and Arthur A. Ladwig as
John M.
Cecil
from
Net
Le Roi Cow—New Appointments—
■
from
Net
In
so
new
them.j
stock
which
poration
71,222,961
Long Island RR.-r-EarningSr
i
>.
.
for by
common
dends
2,913,922
3,458,124
,
1,429,823 '1,964,315
780,521,./ft 826,681
956,753
of
•
3,098,353
•
2,910,522
1,432,383
2.864,505
railway,.—
•ft/ft
share
<; 1945, the holders of 14,798 shares of 5%
had exorcised the common stock
purchase
"'
;^^'
Included
been
stockholders
a
underwriters
warrants
,
$7,563,475
.
From Jan. 1—
of
at $22 per share any of
the shares of common stock
purchased-by the holders of. 5%
cumulative preferred stock pursuant to'the common-stock
purchase warrants attached to such shares'of stock, except the shares
.
,
thereto have
common
3/50s
of
;
,
to approximately 30,000 shares of
waived
,
/
-c
,
appertaining
been
I,tion that it does not intend
has not waived and that it
which it will receive if they
5,671,919
from
,
stock have
't subscribed
Janf~l^*4^,V
; Gross from railway- „V. 5,276,469 .1 5,828,736
Dec.
27, 1945. Subscription warrants are
(EST), on Jan. 8, at office of Guarenty
York,, agent, 140 Broadway, New York 15, N. Y.
subscribe
to
preferred stock for each share of com-
new
on
preferred stock offered to the holders of
169,498
42,294
•
•
85,778
I 5,555,414
railway'_i.__
1,259,338
2,011,991
* 1,982,097
Q# Par key. President.,
Net ry. oper. income.
?
Theproject
842,847 •
1}207,704
1,206,737
will
be
carried
out
through
a
wholly-ow'ned subsidiary, . Long-Lac, J —V. 162, p. 2819.
'
hi
Pulp & Paper Co., Ltd,;"v.,Y/-,.;ft <;ftft:'':' v
;
;
The program calls for mill operation to begin early in 1948.
Initial
Lehigh Valley RR,—Earnings—
pulp producing capacity has
not yet- been, fully determined,,« ftThe
exact site has not been decided.- •' r-'
:
- v--,; <> ft.
; i' November—
;:" vJ 945
1943
;" "1944
ft
Gross from TaJlway__rr" $3,601,584
Pulpwood" requirements for the'new tnill'"Will pome from an area
$7,585,580 " $7,356,561
Net from railway__i_;_",v"".' 972,978
granted under a concession agreement by the Province of Ontario.
1^896,013
2,136,499
The territory contains a source of raw materials which company offi¬
I Net ry. oper. income-—' *
578,104
1,552,751
862,896
cials consider as suitable for pulp to be used both in book paper and
From Jan. 1— 3'
creped \tadding products.—V. 162, p. 2394.
•
•
( Gross from railway—72,745,462
90,287,411
83,760,207
r. Net
from railway....^
15,346,974 25,176,812
27,993,877
Lake Superior & Ishpeming RR.—Earnings—
.<•;
Net ry. oper. income... ' 4,939,642
12,248,438
12,213,697
;•.—V. 162, p. 2644.
; ;
November—
\
ft ft
1945
1944
ft/ 1943
;
1942
Gross from railway,-.$187,025 ( , $160,237
$165,457
$309,681
Net from railWay.l^.V-f, v*
Litchfield & Madison Ry .-—New Control53,782
47,488 /ft ft 33.231 /'ft. 174,386
Net ry. oper. income:.
36,751'
-30,876 '
16,709
129,098
see Ogden Corp.—V. 162, p. 987.
announced
construction
the
Plans for
ft
of
1942
$468,910 ;V $385,285
'
income..
oper.
From
;K/
$501,762
140,491 '
Gross from railway.—
f
;-
3074;ft;/ftftft' ft'"
1944
1945
;
record
before 3 p.m.
or
as
to make possible the foregoing ratio,
preferred stock for each share of common
stock,—The underwriters have agreed to purchase tiny-shares of new
"
November—
v
.
share of
of
73
l»f,United.Stores Corp., the owner of
396,138 shares of common §toclc oi the corporation, and the shares of
new
preferred stock to which it would be entitled to subscribe pursuant
brokers.
the
Streets;
on
of New
Rights
common
Avenue
Title
held
-exercisable
3194.'?::.
p.
stock
moil
.
$1,350,000;
reserves,
shares),
Mutual Life Insurance Go. of Philadelphia on; the Saks Fifth
Building, on the east side of Fifth Avenue between 49th and
Penn
for
preferred, atock
on.
laneous
V
.
held
C,
declared
1, .1944),
830,038,216.—V.
The
series
$1
( par
Sept.;'
since
y
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4453
163
'*
'?
I
-
c,
;
ftt
<
-I
iV..-,
.
i
;
i'i i
■'
r-»
ti
T Y
l', -W
has. registered 56,161 shares of common
Price to the public will be filed by amendment.
Company
SEC.
underwriters.
$210,000
the
heads
Co.
renegotiation
Kidder, Peabody
for
profits
ASSETS—,
\
possible
plant and
{(Emergency facilities
,
Plant
property
in
Cash
bank
not
refund which-..may result from
-.-.V•>:
net
BALANCE
;
*
;
.
;
,
1945
? iw 1944
$5,575,856
$6,063,969
,
equipment—
—i/l
hand
on
:
r
\S*
—.
and
accounts
receivable
(net)
—
Of¬
Automotive Products, Inc.—Debentures
Maremont
Post-war
headed by Kebbon, McCormick & Co.,
Chicago, Jan. 2 made a public offering of $1,000,000 4%.;
Sinking Fund Debentures due Dec. 1, 1960. The Deben¬
tures were offered at a price of 102. Others included in
the offering group are: The Illinois Co., the Milwaukee
A group
fered.
Total
t$6.50
•
tax__
1
.u-
——_
no
preferred
par
Other,
.,fj,.
<■
,
«...
;A,
,•* / a'"_
.v/ •
,rK
>
($1
payable&
and
Dividends
;
32,761
1
k :S\
A'
219,981
income*
v
for
Reserve
payable
on
;
casualty
for contingencies
708,268
16,787
Federal
—-'4,635,457
4,403,890
1,300 preferred shares in treasury
'
(Dry
•
income
or.
♦After
depreciation
of
12,017
12/017
1945-and
in
■'
:
680J45
26,096
v: 820,40C
$714,533
$700,675
600,000
600,006
$3.57
of
cost
$3.56
stk.-iio par).,.
com.
products
■
post-war
refund
BALANCE
sold,
of
in
$43,200
1944
taxes of $15,755 in
SHEET,
$1,263,880;
U.
S.
receivable
31,
OCT.
Government
(after
and
credit
1945,;
oi
■■
1945
securities,
at
$36,8891,
reserves,
cost
$519,619
tax
(est.), $30,640; inventories (after reserve, $58,0031
sundry receivables and investments, $5,508; land, $156,327
other
accruals,
$21,595; Federal taxes on income (est.), $725,929
post-war adjustments and contingencies, $317,151; commor:
for
reserve
.
$4,770/708 in 1944.
tRepresented by 100,000 no par shares,
tAfter U. S. Treasury tax
savings notes of $2,025,150 in 1944.
{(After amortization of $790,197
in 1944.—V. 161, p. 209.
' .
:
$5,501,379
(est.)
machinery and equipment (after reserves for depreciation
$812,899), $828,892; deferred charges, $76,262; total, $6,170,083.
LIABILITIES—^Accounts payable,, including payrolls, $259,345; tqxe?
$25,621,819. $26,465;376
—2—
—
60,062
$1,556,168
.
'
accounts
profits
$1,384,866;
and
Total
38,367
..
—
after
$1,850,375;
2.550,926
surplus
" '
$1,407,631
taxes
deducting
tax
excess
13,666
2,550,926
Cost of
$1,496,105
war contract termination claims, $53,713; post-war refund of Federa
>
708,268
1__13——Z—"3"
reserve
$1,369,264
>
•_
^••• ASSETS—Cash,
128,534
,
and post-war losses-,.
surplus
899,818
59,322
'
__>■
^
34,257
128*534
——III
:
Miscellaneous
profits
320,775
320,775
„—1
•
liability-
64,510
939,588
.
< '
l
over-provision for. prior years'
.
4,335,668
$2,281,410
1,277,043'
taxes——21——/j
preferred stock—!
deposit
for
Reserve
income
,i
including materials, laboi
and manufacturing expenses, but before
deducting provision for depre¬
ciation.
flncludes $256,500 in 1945 and $432,000 in 1944 for excesf
:
4,296,046
expenses-—
"After
/.
700,000
•700,000
accrued
Earned
ftock (2,000,000 no
total,
par shareS), $1,000,000; earned surplus, $3,846,063
$6,170,083.—V. 162, p. 1286.
■
5
'•
■
,
Nashville Chattanooga & St. Louis
Ry.—Earnings—
,
J%
•
\
■Net profit-,
Dividends paid
443,744
:
•
$fl,000,000 $11,000,000
par)
foreign
Customer's
1
i\Z
'
$2,373,362
expenses—
and equipment-
/
vi 138,799
.$25,621,819 $26,465,376
—
Capital
-
)
.1944
$2,455,246
*
deductions^—12;353
fProv.
13,048,527
137,358
stock
stock
&
Federal
Vice Presidents—
3195.
general
'
•
,
profit———:
income
Total
.
<2,497,606
•
151,955
:
and
of plant
' v'
,
.
1945
^
;
—
■
head of the Thom McAn
relations.—-V, 162, p.
-
policy--
,i
accts.
Director of the Thom MqAn stores,
men's and boys' chain. Leonard
A
Shea, formerly in charge of the women's stores, assumes a like
title and responsibility for the company's combination stores, i Both
executives have been elected Vice-Presidents of the parent company,
as
has John B. Fitch, who will have charge of personnel and public
f
profits
excess
Common
Fallon, formerly Sales
has become
J-
720*438
3,194,447
—-
Insurance
—'
Notes
of the company to reimburse the treasury for recent
additions
to plant
facilities and the balance for working capital.
—V. 162, p. 2820.
■
'
- ■
,
•
life
*»
Operating
LIABILITIES—
notes
Melville Stores Corp.—New
of
of
administrative
for depreciation
Other
2,694,540
'
\
'
•
'
,
Earns,_persh.-on.200,000 sirs.
Emerich & Co., Inc., Julien Collins & Co.,
qnd Mullaney, Ross & Co.
The proceeds of this financing will be used for the payment of out¬
Lester R
refund
Deferred charges
Co., Ames,
standing
value
„•
_
13,519,875
surrender
Prov.
,
profit
Selling,
•
1,063,200
62,684
656,125
•
Inventories
Casn
60,926
1,804,404
.
U. S. Treasury certificates of indebtedness-Dominion of Canada War bonds
„><,
—i
Notes
"Gross
v
used.--—-/——.——
and
(F. E.) Myers & Bro Co.—-Earnings— V
Years Ended Oct. 31—
.'\,"\'Z', %
31
OCT.
SHEET,
••
.
Monday, January. .7, 194C
contracts.
war
on
,
"Property,
proceeds,
net
of
CONSOLIDATED
will be used to reimburse the com¬
pany's treasury for funds applied to the. retirement during 1945 of thq
entire outstanding issue of 2,100 shares of 6 %
cumulative preferred
at $100 per share and accrued dividends.
The balance will be spent?
on a plant expansion
program', including $485,000 for machinery and
equipment, $165,000 for buildings and $165,000 in sales expansion.
Company manufactures various business forms.
■['<■ ■■••vv
the
Of
tProvision
$550,532).
' ^
stock with the
With SEC—
Marco, Inc., Chicago—Registers
&
i'i >' •'* -J'' 'J*/-4 "
,
THE COMMERCIAL & FINANCIAL CHRONICLE
74
/.i
-
—V. 162,
special
a
3076.
p.
November—.
.
held on Dec. 27, approved
a
split-up of the common stock on a ten for one basis.
Certificates
for the new stock were mailed on Dee, 28 to hplders of record Dee. 26.
at
stockholders
The
meeting,
Gross
1945
from
Net
ry.
railwayrailway—
i—_J.
from
Net
'
-
November-
Minneapolis St. Paul & Sault Ste. Marie Ry.—Earns.
Approved—
Mercantile Stores Co., Inc.—Split-Up
.
Gross
Net
Mid-Continent Airlines, Inc.—Results for
Operating statistics
Month
follows:
as
are
of> November—
,
Operating efficiency
Net
97.17%
369,696
Gross
.
/
,
railway_„i_i„—
railway——
4,223,956
.
2,270,057
1,850,930
i„
oper.
1,539,381
:
Net
Capacity
Mail
—
passenger
and
Mail
flown
miles
Revenue
Gross
161,034
Operating
49,378,967
Prov. for
"$29,014
—$6,705
Provision,
pound
express
.a,.———1.._
provision for income taxes.
President, stated the
♦After
Miller,
W.
$517,562 *
1
.
Dividends
pfd.
on
3,007,573
432,328
641,571
27,627,33(
9,825,818
14,318,149
9,719,301
3,368,459
>4,497,424
5,116,16'
•
Kindl,
of
in
a Vice-President of this company,
and a directo
tHe executive committee resigned on Dec. 27. and wa
latter two posts by G. R. Lohnes, Treasurer of th>
the
The Vice-Presidency held by Mr. Kindl
the
^directors at the regular monthly meeting.
with the company since 1939,—V. 162,
company.
3,211,763
2,593,969
1,915,096
1,346,759
been
National Refining Co.—Takes Over Assets of Williair
Whitman Co., Inc.—Changes Name—
668,152
by
452.750
V
$933,051
242,586
$863,411
17,562
$51,791
$50,798
$690,465
10,049
20,693
131,237
$601,502
248,316
stock
H.
member
succeeded
$5,874,684
$6,110,269
37,750
88,342
?
$74,678
————V
income
Net
7,572,750
income—
'
38,585.501
National Cash Register Co.—Official Resigns—
22,886.
income
Interest & other deduc.
during
39,157,250
304,172
39/250'
199^951
/>•
taxes—-.'
310,605
35,199,849
oper.
Carl
and
1945—12 Mos.—1944
$498,826
203,682 >
expenses
depreciation—
52,533
railwayrailway--
■
,
1945-Month—1944
—
for
Gross
number of revenue passengers
November was 17,491/ an increase of 169% as com¬
pared to the same month last year. Operating revenue was $348,347,
an increase of 98%
over November, 1944.—V. 162, p. 2820.
j.
carried
revenue
pounds—210,339
miles
—
65,807,785
express
and
income
Net
81.54%
1,629,531
"Deficit.—V. 162, p. 2646.
Mississippi Power Go.—EarningsPeriod End. Nov. 30—
1942
$3,486,8H
1,378,118
1—
from
ry.
1943
$3,721,186
667,886
income
oper.
Net from
20,594,574
5,593,229
:2,829,039
19,634,962
Income-—
"Deficit.—V. 162, p. 3076.
ry.
ry.
1944
$3,593,512
"160,495
railway-—..
railway
From Jan.
197,838
miles flown
—
6,606,075
Revenue passenger miles flown
——,-;/ 5,307,656
Passenger load factor—-*—\
80.35 V
from
Gross from
1944
1945
97.45V
.
,
Gross
November—
from
Net
'
.
1945
$2,516,079
from
.
$1,774,404
450,798
183,984
,
"407,561
•—
1—
From Jan.
$1,735,565
"151,707
v-
income—
oper.
1944
■
$68,361>
261,908
At
a
that
left
was
unfille<
Kindl Jha<
Mr.
3077.
p.
special meeting of stockholders in December, it was announced
company is taking over the assets and business of Williair
Co., Inc., whose entire capital stock was owned by National
this
Whitman
Midland Valley RR.—Earnings1945
November—,
■
Net
>'
ry.
railway
from
Net
23,028
—V.
1942
$141,911
76,268
1943
$122,375
•
28,840,
25^165
■
17,025
income,
oper.
Balance
1944
$133,995
42,540.
•
$136,465
30,145
from railway—
Gross
«;
Net
—V.
162,
2645.
p.
1,373,674
577,867
345,771
1,628,713
628,276
330,931
1,536,359
487,594
227,255
railway——
oper.
ry.
$243,395
$178,350
$168,947
2,795
*22,222
35,543
24,847
29,978
2,017,157
'*47,205
2,341,416
from
railway
ry. oper. income^
From'Jan. 1—
from
>
3,188
1,498
Net from
railway
568,796
177,512
Net
ry. pper. income
"302,793
Deficit.—v/rea, p. 2820/ ••
-'t
f ower Implement Co. — ^nnual ^,
,..25,98$"
List
305,084
year
18 stated in part:
1945 were $42,186,090,
on, Dec.
ended Oct. 31,
previous
the
$42,932,696
with
pared
the
for
sales
President,
Farlane,
Mac
C.
Total
NOTH—For mechanical
com¬
Farm-machinery division
year.
with $21,572,761 the year before.
That is the largest annual volume of farm machinery in the history
of the
company, but as was
the case last year, a very substatnial
portion was diverted into Governmental channels, such as occupied
territories, Lend-Lease, and other Governmental agencies, so that our
domestic dealers' requirements were far from satisfied.
The company,
sales
did
however,
war
expect
limitation
Governmental
for
orders
within
few
a
we
The
of
the
recently concluded renegotiation proceedings with ■the
Federal
Government under Section 403 of the Sixth Supplemental
Appropriation Act,. as, amended, with respect
to
war contracts for the year ended Oct. 31, 1944.
The settle¬
ment provides for an aggregate net refund of $167,429 to the Govern¬
ment, this amount being after deduction for the Federal income and
excess
profits taxes applicable to the agreed-upon reduction in the
gross
proceeds of
war
contracts.
Of this amount,
$155,000 was
charged to the reserve for renegotiation refund set up last year, and
profits
.
be
to
used
V.
in
buy
be
to
lien
$12,429
charged
was
1945
to
income
account.
On
Net
the
1962,
basis
deemed
Jan.
From
the proceedings for the fiscal, year 1944, it was
to make any provision for renegotiation refund
for the fiscal year ended Oct. 31,
1945.
Net working capital was $13,280,986 on Oct. 31, 1945, compared with
$11,989,001 on Oct. 31, 1944, an increase of $1,291,985,
'■«
of
general
unnecessary
Gross
1945
.Net
Neptune Meter
net
Total
1944
$7,397,165
3,425,546
1,530,999
71,310,919
25,318,239
6,423.515
of
1942
$6,569,159
2,605,220
1,605,123
1943
$7,005,731
2,172,612
1,561,104
78,368,314 ' 76,623,207
Cost
(incl.
cost,
manuf.
admin.,
Profit
Int.
for
39,007,409
from
oper.——',
miscell.
earnings
Interest
$4,510,821
22,820,131
9,127,402
24,301,768
6,905,284
^
■
"
-
282,757
$6,214,233
$8,919,252
161,163,000
5,190
7,002
961,286
803,630
28,922
-
ii
73,784
710,447'
,
Post-war
;
Prov.
Federal
tax
' 47,628
.
;
255,000
profits
tax
574,250
682,715
786,259
,
postewar
value
loss
from
Net
rv.
—V.
749,685
(Cr)
decline
3,595,360/
365,212
93,056
(net)—
103,898
585,847
70,000
1'
25,883
;
70,767
'
;.
—
300,000
226,994
of
facilities-
Net
profit
Preferred
000
(no
for
divs.
per
shr.
162,
shrs.
par)
ana
years
excess
$1,632,406
$1,581,536
801,938
801,938
1,283,100
com.
•
$0.70
amortization
(after
pi of its
of
deducting
taxes
$1.08
emergency
and
related
' ' $1.34
$1.41
facilities, applicable to prior
claims
renegotiation
in
corresponding week a year ago.
reported at 175,573,000 cu. ft.,
8,94% : above production oi
corresponding week a year ago.—V. 162
the
or
reports-
the
number
of
kilowatt
available
hours
3078.
p.
from
1945
RR.—Earnings1944
railway—':■>$735,338
1943
$1,229,604
751,322
ry.
oper..income—
54,385
108,570
from railway..—
10,901,203
11,926,980
railway—
4,825,985
5,148,487
Income-p. 2647.
1,050,825
1,094,545
77,773
10.168
62,279
26,120
ry.
'
*47,056
1—
oper.
162,
V.
94.846
71,473
from
Net
$229,087
-
10,743,061'
13,350,067
7,323,984 z 6,193,728
1,572,677
1,255,029
v:'
subsequent
M f
Orleans Texas & Mexico Ry.—Earnings-
Z New
933,180
1,047,025
629,186
721,409
684,000
for
refund
rebates
of
income
amounting
to
1945
November—
2,513,066
$2,765,010
967,082
2,633,896
806,098
i:,« 768,347
1944.
,
railway—•- : ' $648,872
$746,876
Net from railways—306,766
413,503
251,516
233,622
Gross from
Net
oper. income—
From Jan. 1—
<'*'•
coupons
representing,
in
per
the
to
tificates
of
New
&
with
ry.
Gross
Z:
for
Essex
on
said
each
RR.
deposit
certificates
$50
share
York
for
of
Stock
capital
capital
stock
respectively
stated
above.—V.
due
Co.
and
principal
of
'
Exchange
or
162,
stock
stock
the
p.
and
Co.
be
28,
in
1945,
of
of
deposit
stock
directed- that
new
by
at
Net
and
cer¬
delivery
Exchange
certificates
either, of
of1 denosit for capital
bonds
and
cash, - as
9,045,431:
railway—
4,129,393
2,619,933
5,105,983
4,157,974
oper. income
162/p, 2821.
$648,731
301,609
'
49,498
■.
■
7,980,545
ry.
—V.
-
,
..
8,843,143
5,471,553
3,177,158
i
...
EL919.523
37854,352
2,641,892
'
Newport Industries, Inc.—Files Stock With
the
bonds
$50 par,
therefor;
1945:
capital stock and
settled
certificates
equivalent
13.
28
of
capital
the
Dec!
Dec.
on
RR.
may
1,
amount
from
^4 1942
1943
$1,059,502
702,302
1,501,168
-
railway——
from
Net
Nov.' 1,: 1945,, and
cash equal to, and
capital stock,
certificates
suspension from dealings of
deposit for capital stock on
contracts in The Morris & Essex
of
2,'
No.
coupon
attached, plus an amount in
interest from July 1, 1942 to May
annum
exchange
Morris
The
and
fixed
4%
of
-
■
72,743
$2,617,748
income
1942
,
$1,237,617
>... 640,065
110,673
438,879
From Jan.
>
$1,095,723
> 271,576
;
2821.
p.
1
is
ft.,
from railway——
Gross
1943
$194,134
93,943
railway
v/
'■
v
England Power Association—Weekly Output—
Net
1942
1944
$235,142
-
bonds,...due. 2042,
'The
stock
—.—
"Accelerated
fiscal
$1,313,193
801,938
700,-
r**'
the
week
cu.
Net
Referring to the issuance of $50 principal amount of The Delaware,
& Western RR. Co. Morris and Essex Division collateral
of
$1,033,505
year-
on
ft.
for
28
Net
Lackawanna
■trust
rate
>16,846
paid
cu.,
Dec.
New Orleans & Northeastern
/v.--r-
3195.
.1945
railway
oper.
($5,667),
Earns,
p.
Morris & Essex RR.—Exchange Ruling—
in
—
y'tj AV'-1
><' ' *
Association—Output—
,
'
'
14,118
the
14,405,000
November—
1,587,000
5,83Q>541
and
amortiz.
emergency
from
Net
576,345
- ,.
■,
week
162,
Gross
ex-
conting.
Accelerated
162,
$264,107
from railway----—
Net ry. oper. income—
Gross
Z>" i
..
and
for
;
1—'
11,530,597 kwh.
of
Associatioh
the
—V.
Eauiings—
From Jan.
—
credit
for
preferred .stock.—V.
railway—
''y.A'-Y
Dec. 28, this Association reports electric output
This is a decrease of 703,239 kwh. or 6.10% below
•
155,000
——;
taxes
for
of
share
Treas¬
as
1
stock.
common
Net
>'
12,429
•
conversion
Prov.
%
'
net
;
cess
conversion-into
Gross from
Federal excess
profits
5 V2
Co,—New Treasurer—
,
Dec.
on
of
Montour RR*
51,822
'
for
shares
November—
;
571,387
13,476
.
' of
possible
for
■'
:
Govt,
S.
162, p. 2646.
"
.
U.
Albert
Walter jl
ended Dec. 22, 1945 as 67,260,767, compared with 67,-:
,461.896 for the week ended Dec. 23, 1944, a decrease of 0 30%,
'
■,
The comparable figure for the week ended Dec.
15, 1945 was 65,026,108, a decrease of 2.95% under the corresponding week last year/
redeemable at $11 per share, plus accrued dividends
of 5 cents per sha're to Jan. 15, but none has been redeemed bh this:
basis, George D. Burrows, Treasurer1, stated,
'
Preferred stockholders have the right to convert at any time up
to Jan. 15.
Basis of conversion is 2 Vi shares of common stock for
8,694
William
are
-
New
This
The preferred is
302,637
-
and
board
3196.
51,873,063
16,458,783
' 9,239,738
1
i
$4,814,458
10,259
contracts
foreign
Prov.
company
of
output for
increase
an
,
$3,513,077
paid
to
/ tProv. for
/
refund
Prov.
$8,636,495
330,459
charges-
renegotiation
war
$5,883,774
.
25,334,899
334,395
——
profit
Depreciation
on
$3,178,682
32,214.512
each
Total
Miscellaneous
Refund
37,048,923
and;.^:^'^'-^^
receivables
on
■
,
sales
&
gen.
expense)—
York
the
week ended
10,827,358 kwh.
Gas
27 announced that 32,404 shares of the
cumulative • convertible preferred stock out¬
standing had been turned in to the Guaranty Trust Co. of New York
The
Cleveland.—V.
V
r
■< 1
production
p.
oper. income—
162, p. 2948.
100,0C0
of
New England Gas & Electric
Monogram Pictures Corp.—Conversion of Stock—
0 1945 *. '
1944
1943
1942
$42,186,091 $42,932,697 $40,851,007 $29,845,720
sales——.—
of
positions of Comptroller and Assist¬
For the
for
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED OCT. 31
members
frorr
on the board of tiu
Jr., and Franklin W
New
treasurer.—V. 162, p, 3078.
^'/
1—
railway—
ry.
'—V.
,,
from
from, railway———
Net
of
The company announced the election of Arthur A. Hanson
Since 1942 he has held the
'
$5,338,182
1,279,952
461,196
railway
railway——
oper. income
from
ry.
Other
urer.
1990,
include M.K.T. mortgage 4s of
4%s of 1978 and 5s of 1962.
purchased
of
4s
from
Net
who were
Whitman
0!
>.
directors
of
162. p. 2646.
interest bearing bonds
fixed
Earnings for Nov. and Year to Date—
'
board
low-priced
ant
November—
Gross
"
following distributions have been declared, payable Jan. is tc
31: On the bond series shares, 10 cents; 01
bond series shares, 11 cents; on the speculative series
shares, 14 cents; on the low-priced common stock, 10 cents, and or
the First Mutual Trust Fund
shares, 12 cents.
:
On Oct. 15, last, the following
payments were made: On the bone
series shares, 1.0 cents; on the
low-priced bond series shares, 10 cents
on
the speculative series
shares, 5 cents; on the low-priced commor.
stock, 4 cents; and on the First Mutual Trust Fund shares, 10 cents.the
;
prior
H.
Mass.
name
name
The
on
balance
the
and
will
money
bonds
.The
..
Hendricks
River,
the
use
favorable,/and
charges.".
Natioiiai;'Defense
Fall
to
change the
to
stockholders of record Dec.
company," R. I. Morfa, Chairman, said, "in a continuation
company's program of reducing debt and fixed annual interest
the
of
company
arrange
offered
most
"This
weeks,
conciled.
directors,
new
going
are
National Security & Research Corp.—Dividends—
• *
the Interstate Commerce Commission.
by the Central Hanover Bank Trust Co. of New York
arrangements have been completed for a
two-vear loan at an interest rate- of 1%% annually.' ■
' 1
/
-
termination settlements on all Government
as
only minor details are to be re-
the
complete
to
and
Day,
always
alphabetical
not
by
Terms
were
V-J
it. is
Missouri-Kansas; Texas RR.—ICC Approves Loan—
application to borrow $5,000,000 has been
granted
material
which
reasons
Approval of company's
domestic use per¬
for
during, Gpvernmental control.
contracts were cancelled promptly after
contracts
'
machinery
farm
the
obtained
be
All
all
produce
under
mitted
could
compared
$26,577,610,
were
to
Boston,
of
Peircfe
companies in exact
order.
However. they are always as near alphabetical
position as possible.
possible
properties
;
mi
W.
■
oil
^i List of Louis York/ Cyrus S. Eaton. William ' R. Daleyr
^New;
Milde and
S.
49,799(-
,;,,3 Aw
and
°Jd William Whitman Co.,-are William Whitman
of
1,553,937
1,993,439
280,722::
business
,^eT.t^,wnine- The four
8,734
.
.
Hobbs
railway—
Refining Co. had taken over all - the
subsidiary. Albert Realty & Warehouse Corp
the company to William Whitman
Co., Inc.
The stockholders also voted to Increase the
,
Gross
month,. National
oil
s
1942
$147,474
last
assets of its wholly owned
^National Refining Co.", stockholders voted
-1943■
Net
■
Minneapolis-Moline
Earlier
■
Eamings-
Net
>
■
^ ^ Yiew ot these developments and the fact that the purchasers oi
National
>-l^>1944'^':
1945
Gross from railway——
railway—1,577,211
488,858.
income
251,453
from
Net from
ZZ;Z!'Z;Z>
Missouri & Arkansas Ry.-
'/'From' Jan.'Gross
p. 2820.
November—
55,771
$353,186
$559,227
$30,105
$41,742
162,
.
SEC—Z
J
Z> Company has registered with the SEC an issue of 40,000 shares of!
Z. cumulative preferred stock ($100 par).
The Union Securities Corp,j.
will head underwriters offering these shares.
The company intends to use the proceeds of this financing, together!
with such other funds as may be necessary, to construct a new plantat Oakdale, La., to produce various wood naval stores.
.
'•>.
■
For
the TO
months
ended
Get.
31,
1945,
company
reports
a
net!
$498,845 after charges, and Federal taxes, equal to 80 cents)
621,359 shares of capital stock.
Net sales for the 10?
months totaled $7,918,796.—V. 162, p. 3078.
/; y ,'V';
*profit of
a
share
-on
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4453
Volume 163
75
and
material-handling
equipment.
Later,
the
production
of
tho
foundry
will be further
diversified.
Northrop-Gaines
has already
stockholders,, at a - special meeting held oh Dec. 28, voted to '
obtained substantial post-war business.
■
of the common stock from $10 to $1 per share, '
and liability in respect of not exceeding $17,700',000 of Vkck
equip¬
ment-trust
certificates,- - to be: issued by
the Chase National* Bank,to reduce the amount of the capital stock of the corporation from
///
'
EARNINGS FOR YEARS' ENDED JULY 31
y $475;000it)0(> to, $245,288,050 and to change 15;678 reacquired shares *:
New York, as trustee,-and sold at 99.517, and accrued dividends in con¬
/'/■''■ :
'
11945
' 1944
1943
of
its
first' preferred/ stock
nection with the procurement of certain equipment.
into 783,900. authorized" but unissued
§Net sales
$86,508,494 $88,255,862 $69,791,845
The report of the Commission states:
shares of common stock.
»
•»
*
'
' ,
'
"Manufacturing and other costs—
83,801,296
85,344,577
64,128,558
Of the 10,065,813'/a shares entitled to vote, 8,194,144 shares voted
The applicant invited 189 parties to bid'for the purchase , of the
Adjust, of prior year's amort, of
•
certificates, the bidders being required to name the rate, of dividends V in favor, or/81% ;., 89,846 shares voted against, or less than 1 %. /
/ ^emergency facilities
:
: ■/'
■
'• 53,980
to be borne, thereby in
:*,
Earle J.VMachold, President, announced
multiples of % of 1% per annum.
In re- ,
that the action taken
Interest paid
-344,811
511,468,
500,471
now
sponse
thereto 2 bids were received.
The better bid, 99.517% and
places the ^corporation in a position to resume dividend paydividends, based on a rate of 1%% per annum, was made by Halsey, 1, ments on the ( first, preferred stock, and when such current and' back ;
/Profit before income taxes/__«I/.
$2,362,387
$2,399,816
$5,108,835
Stuart & Co., Inc., and
25 associates, and has been accepted.
On
dividends are paid : in full, to resume dividend * payments, on the
tFed. inc. & excess prof, taxes, est.
1,614,886
1,796,300.
3,859,300,
this basis the average annual cost of the proceeds to the applicant
second
preferred ./stock.
It
is
also expected,
he stated,; that the
will 'be approximately 1.59%.'-/;
action
would
facilitate
the
eventual
resumption of dividend- pay... ';/// vc v
*/// *;; ;/\/
/ /Net profit
$747,501.
$603,516
$1,249,535
i
/ ments/on/the common stock.*-r-V. 162; p. 2950. : r
Since 1932 the: applicant has been carrying out, as circumstances
1
Earnings per share
$1.85
$1.50
$3.12
permitted, a program of debt reduction, of which we have been
"Applicable to operations at fixed prices and expenditures under
advised from time to time.
Under this program during 1944 a net
; North" American v Co.—-1To ?Redeem
Central RR.-r-Equipment Trust Certificates
New York
•
The
ICC
authorized
19
Dec.
on
the
to
company
Niagara Hudson Power Corp.—Reduce Par Value-
obligation
assume
The
.
.
reduce'the par value
.
•
.
,
>
.
■
,
.
,
-
.
reduction of $33,786,774 • was effected in the amount of capital
of the applicant and its; lessor companies outstanding
tions
hands
of
obliga¬
in
?
/
Preferred
Stock- from Bank, Loan and Treasury/Funds^
the
The
including amounts due the State of New York
on
account of grade-crossing eliminations and amounts payable for
equipment" acquired under railroad equipment agreements assigned- to
banks.... As of Dec. 31, 1944, the total of such obligations' was $858,the
5% %
*
cost-plus-fixed-fee
company
treasury funds, atid $32,000,000 from a
/
1% % bank loan which
,
SHEET, JULY: 31,
(INCLUDING SUBSIDIARY)
CONSOLIDATED
/.
.
from
contracts,
including
administrative
and
general
deducting post-war refund.
^Including subsidiary."
JIncludes other income.
Dec. 31
on
fAfter
expenses.
,
issued a call- for redemption on Jan. 31,
1946 pf all of its $34,819^000 5% % preferred stock at $55 per share.
/ This
will Aggregate $38,300,900,
of which $6,300,900 will be met
public,
,
/
:
ASSETS—-Cash
BALANCE
1945
demand
deposit and on hand, $2,789,284;. U. S.
Government securities
(at cost
plus accrued
interest), $1,086,544;
on an annual basis on such
trade
accounts
end of 1944 were $13,608,883 less than at the end of 1932, a reduc¬
receivable,
$448,652;
reimbursable expenditures
for,
production facilities; $43,L42; unreimbursed costs and fees Under costtion of 28.7%,,
*
' .
/ During 1945 the applicant has paid or expects to pay current ma¬
plus-fixed-fee contracts, $9,195,971; advances to subcontractors, $1,958,881; inventories, at lower of cost (first-ln, first-out) or market,
turities amounting to $8,918,061 which will not be refunded. It intends :
to continue the debt-retirement program and to retire thereunder such
$377,718; post-war refund of excess profits tax (estimated), $557,734;
year now ended, the senior capital outstanding ahead of the common
sundry
deposits,
accounts
receivable,
etc.,
$57,479;
investment in'
additional amount of capital obligations bearing higher interest rates
;; stock of the "company will have been reduced by more than $39,000,000."
'/capital stock of affiliate—at cost, $12,500; tax refund claims In con¬
than the proposed certificates as may be practicable.
During the\ //. When the: redemption is completed, North American will have no
nection with accelerated amortization of emergency facilities, $287,000;
current year the applicant has issued in connection with the acquis!-:
/ preferred stock outstanding, and th'e senior capital will be represented
tion of equipment $1,354,240 of 1.45%
property, plant and equipment (after reserves for depreciation of
promissory notes, $7,500,000
solely by $52,625,000 of 1%% bank loans to be amortized at the.
of 1%%
$490,951, for revaluation of subsidiary's equipment, $31,655, and for
equipment-trust certificates, and $8,800,000 of Vfa% equip-' / rate* of $lj875,000: quarterly, "with final payment' of $17,009,000/due /
ment-fcrust certificates.
amortization,
$1,825,979),
$1,283,046;
deferred
charges,
$369,021;
ii? live years.•,
total, $18,466,973.
J As of Oct; 31^ 1945; the/applicant had .invested $138,433,2O0 in>/U. S..■
$32.000,000 Loans Approved by SEC-rTreasury notes and other U. S. Government short-term obligations.
;
* LIABILITIES—Notes payable to banks, $6,871,791; accounts payable,
180,288,
charges
compared
with
has
the end of 1932.
Interest
obligations outstanding at the
$1,108,807,952
been
approved by the Securities and Exchange Commission.
-VIn■ a/-letter ;to/stockholders, E. L. Shea,/ President, said,. "As a*
./result pf the redemptionr of the company's 6% preferred stock last
October, and the redemption now/to be effected bv the 5%% oreferrei
/ stock, the annual rate of earnings for North American common stock
V Will have been increased by about 24 cents a share. Also, auring tne
at
.
on
,
.
.
*
In addition it had
$5,050,000 in special deposits for account
retirement and unemployment insurance taxes.
As of the
cash
balance
in
banks
/ V- The/ Securities /and vExchange Commissioh approved; Dec. 29;
the
debt
retirement
was
mentioned
and
bond purchases
a pro- /
posal by. the company to borrow $32,000,000 from banks to retire all
3%%- preferred stock at $38,300,900.
This included a /
V outstanding
$30,486,905.
The applicant estimates
that during the period Nov; I, 1945, to June 30, 1946, inclusive, its
cash
receipts will amount to $555,393,000, its cash disbursements
3562,650,000, its cash balance in banks at the close of June 30. 1946,
$23,230,000, and special deposits $6,543,695. .-This forecast provides
for
$4,169,444;
:
of railroad
same date
,
its
wages and salaries payable, $696,463; payroll deductions for
and taxes, $429,457; accrued taxes (other than taxes
income), $267,901; common stock (par value $1 per share),$403,680;,
on
premium of :$3,481,900/or $5: ekch on 696,380/shares.
■" *
; V /paid-in surplus, $947,985; earned surplus, $4,680,251; total, $18,466,973.;
The company also will issue. $20,625,000 in ban!: loan notes, series F,
V NOTES—Federal taxes on income were estimated at $1,781,999, •
Virt -exchange tor/outstanding riotesr-series^A, B, C, D and, E, bearing
/ against which there were reserved a like amount of U, S. Treasury
2% interest./: The notes of series F and G are to be secured by a
notes—tax
series.
>-
■
predicated on the
deposit with the Chase National Bank, New York, of common stock V :
Renegotiation proceedings as to the company for the fiscal years
shares of the Union Electric Co. of Missouri, Cleveland Electric Illugross/ receipts will'
epded July 31, V1942,
1943,
and
1944 have been concluded.
With
occur during the period due to* labor unrest or other causes.
It does V minating Co.;/Wisconsin *Electricf Powers Co/and Washington Railwayrespect to the year ended July 31, 1942, surplus has Bbeen charged
not give consideration
to any major wage adjustment.
In addition
'k and Electric Co..
•,.
^
*
"
*...
—,
/ with $550,000, the refund
agreed upon, arid has been credited with
to these, prospective disbursements theabove
is
,
*
assumption
that
extraordinary
no
reduction
in
applicant
for
in
substantial
a
of
amount
equipment
proposed equipment trust, a portion
to be paid out .of its treasury cash.-
have
EARNINGS FOR
Period End: Nov. 30-*
All Leased
operating
" 1945-Month—1944
Ry. operating expenses.
43,572,197
i"
-
'Net rev. fri ry. Opera. ;
-
;"
■
1,562,251
15,817,042
4,059,787
Other -income, —1,616,643-
4.967,918
50,500,694
Net
opbrating! inoi *
Yy;
Net
from
p.
.
..
.
November—
Gross
5,676,430 V ,6,499,812
■£ 164,257 V
320,383
Miscellaneous deductions
Total
fixed
^9,006,798
Net
3,490,340
3,654,996
The
3,338,400
2,021,833Y,524,433
/prowerC«i. of Minnesota.*
Fed; inc.
profits
<fc
exc.
debt for the year it is
,Vr
Joseph, C. Rovensky
158, p. 1352.
has
been' elected* to
the
board
of
resppndihA/W|ek last
-
Period End. Nov. 30—
*'
;V
Net
"
'
oper,
j
,
J
' '
'•
/"V/'"" '
VV
'
income—
1,925.999
2,361,729
909,875,/ 17,607,899
1,480,296
1.366,412
473,372
income
chgs.
—;
The
'*
^
14,400,592 159,467,314
from
ry.
real
estate
taxes
19,297,398'
Terminal
23,564,197
11,106,554. 12,415,519
of defense projects
accruals
Colony and Boston and Providence proper¬
unpaid charges against said properties for Boston
Company taxes and bond interest.
for
on
Federal
NOTE—Operating
120,
a
ber,
facilities received prior to September, 1945, and
taxes were discontinued, as of Sept. 30,
income
tion
tion
of
expenses in November,
'
,
-
/
1945, amounted to $9,768,-
1944 included
Stem
decrease
$306,568,
or
3.0%
under November,
1944.
Novem¬
of
cruals
the
President
were
$720,000.
of
of
the
United
decrease
a
accruals
for
of
States
income
Sept. 29.
Tax ac¬
due principally to dis¬
taxes
accrual in the first nine months
resulting from
tion
period.
The operating ratio of
72.9
November, 1944.—.y. 152,
account
of> over-
the shortened amortiza¬
2.9
was
points
3196V,
income—
oper.
$501,516
207,149
167,656
:
3,054
20,316
-
48,293
*
*
5,650,090
610,081
,
4,686,413.
1,348;123
789,815
*
^
*
5,664,664
1,353,713
1,174,552
441,049
2822.
1942
$466,729
-
,
,--
903,851
>
by the corporation of " alt its interests in the
Railway and the Mt. Olive & Staunton Coal
Male
the
was
So
an-
Holdings in the railway company consisted of 5,000 shares of 4%
non-cumulative preferred stock (par $100) and 5,000 shares of common
stock (par $100), representing all the issued and outstanding capital
stock of the company.
year, an increase
Litchfield
Co.
-
^
,
(
£ Interests in the . coal' company .which were sold Consisted of all its
icapital 'stock; and/unsecured /intercompany debt/ '/,/%
/
/
*
The sale, which was consummated Dec. 31, was to Jacob L. Holtzniann, 20 Pine St., New York City,, who was elected a director of both
,
of 5.8%,—V. 162, p. 3196.
companies.—V.
162, p. 2648.
report
for
Oklahoma
said in
the fiscal year ended July 31, 1945,
November—
'*>:^
from
City-Ada-Atoka Ry.—Earnings—
1944
1945
"
/%' 1942 ;
1943
,
railway--— / / $92,862
$131,783
vNet. from railway—29,981
69,964
$128,334
64,423
26,955
24,017
27,887
1,481,871
1,448,910
830,266
788,917
324,863 7.' / 308,517;
Jiiiy 31,
Net
_
-
*
1,206,317
Gross
•
ry.
Net from
23,968
income
oper.
/ From Jan.
Gross; from
1—
*
,
—V.
162,
p.
/
439,950157,149
Net ry. oper. income—
$143,056
V
70,156
-
1,098,376
railway—.
railway*
"664,837
288,025
2648.
Oklahoma Natural Gas Co.—Earnings—
12 Months Ended Oct. 31—*
1945
Operating revenues
Operation
Maintenance,^
1944
$16,017,963 $15,159,086
-5,781,507
-6,829,531
,.»!
705,184taxes ^—.V-—i..*
937,463
-
466,710
equivalent to those paid on Oct. 17, 1944, and Jan. 5,
General
r
>
897,521 ■
Federal and State, taxes on income.———
production contracts were financed by means of a regula¬
2,674,000
3,041,000
tion V. T; bank loan,' with a commitment on the part of the partici¬
Retirement, reserve:/accruals-,/.„r.—
,t 1,530,295
1,761,901
pating banks up to $18,000,000.
This commitment Was reduced/ at
the request of this company to $10,000,000 on ^ept. 18; .1945.
This
/ Utility operating income.,—
....
$3,341,489
$3,210,447
credit agreement does not expire until December, 1945.
Other income (netj
Dr27,940
I>r7,081
/ During the
past' fiscal; year • the company ' simplified ' Its capital
" Gross
income
Structure by/ eliminating both. class A/ and* class; B shares- and/re-/*
$3,313,549
$3,203,366
Income deductions
issuing to holders thereof, common stock on a share-for-share basis.
676,80,0 .//; /774,759;
"A large majority of the class A and B shareholders have exchanged /
their stock for Northrop common.
Those who have not- done so,
Net income
——V— $2,636,749 $2,428,606
should send their stock to transfer agents: either the Bank of America
Preferred dividends^series A, 4%% —
—
'
427,500/
243,438
National Trust and Savings Association,
Los Angeles, or the Chase
$5.5Q' convertible7 prior preferred dividends--.^-,
——135,982
National" Bank-of the City ^6f 'New York,-New* York. /
V
/' %
.Preferred dividends
—
...
117,613
The company's stock, was listed oh the* New* York* Curb Exchange
// Balance for common stock and surplus
and the Los Angeles Stock Exchange during January, 1945.
$2,209,249
$1,931,573
—V. 162, p. 3196.
The company's main plant at Hawthorne, Calif., is owned entirely
,
-
war
—
—
,
,
/;
p,
75,480
-
.
.
-
p.
,/•/:/;•:
on
22, 1945,
the cor-.
,
'
than-
more
tho
1943
/
'
5,747,881
1,062,908
railway—*
"Deficit.—162,
1944
$489,902
"75,561
-
nounced Jan. 2.
compares
/The
dated
$1,755,554
Federal
'
$401,951 /
Madison
per sharp, are
1945.
$371,180 for amortization of defense projects which*
is not reflected in
November, 1945 due to the shortened amortiza¬
period resulting from the ending of the emergency by proclama¬
continuance
lt;irearned "
being extended.*
.
Accruals for amortization
1945 due to the shortened amortization period, y
of
This
Old
on
ana
to
JO^den Corp.—Sells Interest in Two Subs.—
^
or
1945, net working capital amounted to . $4,022,871*. ,
with working capital of $2,958,344 alter including the
post-war refund of excess profits tax, at the end of the previous fiscal
period.
Thus-the/company gained $1,064,527 in net current assets
during the past fiscal year.
On the balance sheet $557,734 post-war
refund of excess profits.taxes, is now included as a current asset, be¬
cause this item will, be allowed to. the company during the early part
oM946.
*
The book value per share at July 31, 1945, was $14.94.
At a meeting of the directors, held on Oct. 3, 1945, two dividends of
25 cents each were declared./ The first dividend of 25 cents was paid
on Oct. 17, 1945, to stockholders on record ' as of Oct. 10, 1945.
The/
second dividend of 25 cents is payable on Jan. 2, 1946, to stockholders
on record as, of Dec.
15, 1945.
These two dividends, totaling 50 cents
As
charges on the present capital structure but; excluding
under rejected leases.
Net income includes accrued and unpaid
rents
%
'
"After fixed
ties; also accrued
annual
substance;
167.413,223
22,135,174
As
anticipated.—'
Northrop Aircraft, Inc.—Annual Report—
1945—11 Mcs.—1944
'''''''"W V!-^^
13,403,307
Inc. avail, for fixed
*Net
1945—Month—3944
'
/
,
revenue—ii
oper.
ry.
?- 'V;"
•
-
J,'■>
Amount
this company for the week ended Dec.
kwh., as compared with 48,711,000 for
totaled -51,512,000
directors.'
New York, New Haven & Hartford RR.—Earnings-
Total
^
Electric output, of
«»-V.
I*
.
Weekly Output—
New York Hanseatic Corp.—New Director—
.
'*<#>.
<
.
933^726 ;-r;9j356^85lsv 59,008,070'
Crl,834,432
•fV,.162, p, 2950,
*
agreed to segregate "an equal
and
/how'/awaits court:confirmation.>/'/;./: ::•'// / // a/ .///:•//./: •/' ^
The Minnesota- company also; "agreed to waive;' all interest
c
,
taxes
1945'
'
income___
oper.
Net
to hold this amount unavailable for common dividends
"until the debt is taken care of under the recapitalization plan which
mtr♦Inch
latter has
The
26,599,466;;33,652,000
1945.
are
company
surplus
Net income
ry.
Net
has been given until Dec. 31, 1946, by the SEC to
Spay off i$l,728,250 of inter-company debt owing
Northern States
42,608,265'
40,828,796
-C
*
railway.—
From Jan. 1—
Debt—
79,598,665
1,578,536
..
charges—.
from
Net/from railway/.-^/-*..// /"13,415- /
,
income
for
renegotiation
upon
1
2822.
Northern States Power Co* (Del.)—Gets Year to Pay-
.
V/''- /
—
Total
based
indicated
is
refund
no
refunds
no
1357.
Northwestern Pacific RR.—Earnings—
4.783,366 :,
3,036,819 /;
..
137,682,471 Y43,591,577/135,336,302/107,400,405/
34,723,861/45,982,563 50,434,994 37,379,173 \
25,215,055 • 21,643,421- 31,947,192 24,954,440
railway
railway-:
162,
settlements
Gross from railway—;
61,506,670
18,091,995'
1,531,894 ,18,506,104
'•
—V.
6,256,302
3,927,738
3,929,297
; 2,344,210
*
Net ry. .oper. income
17,293,305
-
2,539,384
2,593,637
.
/, From, Jan/-X—
-Gross from
above
subsidiary,
V. 161, p.
1942
1943
$12,068,506 $13,368,034 $14,571,959 $11,749,419
from railway,/—
Net from" railway—•
-
t
1944
1945
„
Net ry- oper.* income—.
.
11,550,857 120,408,094 181,819,774
/ 5,020,688 54,090,358 103,019,799
2,129,689
.
-•
,
November—
Gross
1945—11 Mos.—1944
-p?- i $
•
V-'.
-
/the
-
'
504,422;
-
■
:'•/,'
Northern Pacific Ry.—Earnings—
45,249,163 482,690,858 481,309,522
i
-
6,693,893
"•Railway tax accruals.
Equip. & jt. facili- rents
be
' 56,600,020 603,098,952 663,129,296
50,266,095
revenues.
'■
orders '/ ; //The banks will*.lend North/American within two years an additional
/• $416,556, the resulting Federal and State tax reductions.
The profits
included
$8,000,000 to be evidenced by notes upon a further authorization by A for
the years ended July 31,
1943, and July 31, 1944, were found
the SEC.—V. 162, p. 2950.
will
not to have been excessive.
On the basis of the factors considered in.
placed
to
Lines)
:
Rv
has
that
of the cost of which
,1
\ '
>.
'
NOVEMBER AND YEAR TO DATE
(Including
,
besides
the
.
—
—
....
_______
New York Ontario & Western
November—
Gross
from
Net
from
Net
ry.
'■
railway—__
Gross
from
Net
ry.
1942
,.*46,976
-,"■•* ,,'5,576
0104,714
48,223
$561,476
68,664
"6,798
46,039
8,612,865
8,030,94G
6,881,485
450,818
1,092,351
1,013,209
222,176
<
,
*122,180
>
r
railway
>»V 7,321,219
railway——
-j
131,387
income—_ V ''1,013,328
"Deficit.—V.* 162, p. 2821.
V
,
,
.
'
oper.
New York
—
1943
$645,811
from
Net
Ry.—Earnings1944
income—
From Jan. 1—
1945
$687,717
railway
oper.
/
VV: $491,388
'717,011
288,153
,
/by/the/Company /and is hot-pledged/
or
otherwise encumbered//This"/
plant, of nearly 700,000 square feet, is fully equipped for the com¬
plete fabrication and manufacture of airplanes.
Three other plants,
in the Los Angeles area, were leased from the Defense Plant Corpora¬
tion and operated by the company during
the past fiscal year; The
,
Stocks, Inc.—Registers With SEC—
/company had
investment in these three projects;/One of these,
was closed at the termination of the war.
The
will be operated by the company for some time,
ceeds for investment—V,
162, p, 2186.«■
.
a V
/ because/of
continuingr government business/ '
>/ •"
* /
/
J- rV
V % v:\. .VV
A^*:'y :V :.:.'VV;V
•• L.. *1'
As of July 31, 1945, the company had a backlog of $141,000,000 in
New York Susquehanna & Western
RR,—Earnings—
military orders. Cutbacks- resulting from the war's end left Northrop
' November—
?
with
a
V ^
backlog of approximately $45,000,000, sufficient to sustains/
1945
♦
1944
" "
1943 1
/ 1942
'Gross from railway——
/ production
and developmental research work, some of which is not
$324,654
$397,713.
$423,030 <
$375,260:
Net from
With the exception of
railway—115,108 V V 150,405
173,873
160,685 / scheduled for completion until August, 1947.
Net ry. oper. income—_
the P-61 Black Widow production, virtually all government contracts/
%
39,695
41,519
70,282
48,374
/ were unaffected by the war's end.
This means a/radical curtailment
From Jan.'. 1— •
in production,, as the various projects arrive at that point.
InvitationsGross from railway
•
4,113,202;
5,255'902' " '5,306,889r A 3,998i973
to
bid
Net from railway—i.—
on/nqw government "contracts have been received by this
1,566,075
2,266,899 • 2,439,570
1,744,948
; company since V-J Day.
...
Net ry. oper. income—
571,497
837,726
'
990,605
826,311
Ndrthrop is engaged in reconversion work for United Air Lines.
—V. 162, p. 2647.
*
*
^
This work was initiated during the past year in anticipation of the
The company has filed a. registration statement with the
for>1,000,000 shares of special stock to be offered at'market With
^
SEC
the
pro¬
Olympic
other
no
plant,
two; plants
,
,
V.v
'IV
,
-
•
-
—
"
.
O'Sullivan
Cassell
Rubber
Corp.—Securities
Offered—C.
F.
Co., Charlottsville, Va., on Dec. 27 offered
6,000 shares of 5% cumulative preferred stock (par
$100) and 30,000 shares of common, stock (no par) in
units of one share of preferred and 5 shares of common
at
&
In addition 18,000 shares of common,
The se¬
sold the date of offering.
$128.50 per unit.
stock
were
offered separately at $6 per share.
curities were
; In addition $500,000 4% first mortgage bonds are be¬
ing offered, $328,000 to the public by the same bankers
at 101.559 and the balance, $180,000, will be offered to
Peoples National Bank of Charlottesville at 95 and inter¬
est.
Also 15,000 additional shares of common stock will
be offered to C. F. Cassell and W. S. Hildreth, directors
,
war's
New York Water Service
Corp.—Amends Plan—
end.
-
,
- -
• -
•
'
•
-
•
//' During 1944,
Northrop-Hendy Co. i: was
organized: to
develop a
The corporation has filed a second
amendment .to its recapitalization
Northrop-deslgned gas turbine under government contract.
Of the
plan in an attempt to meet the objection of the New York PS Com¬
stock of this company,
50% each is owned by the Joshua Hendy
mission to the original plan.
Iron Works Sunnyvale/ Calif;,, and Northrop Aircraft, Inc.
v
/ v *
The new amendment
% A second subsidiary, wholly-owned, is Northrop-Gaines, Inc. (for¬
provides that the new common, stock, which is
to be exchanged share for share for the
merly Socal Foundry),
located
at
1985
16th Street, Los Angeles.
present 46,532 shares of $6
preferred stock, is to have a
Northrop'purchased 100% of the stock of this foundry on May 31,
temporary stated value of- one cent a*
share, pending final - determination- by the : state: Commission of the
1945, -and is converting it' to the manufacture of civilian aluminum
original cost of the properties of the company.—V. 162, p. 2647.
products.
These products now include aluminum industrial wheels
of the company
!
,
(7,500 each) at $4.50 per share.
securities 6,000 shares of preferred,
Of the foregoing
.
5,000 shares of common and $500,000 4% first mortgage
bonds are being sold by' the company and 58,000 shares,
of common stock are being sold by Victor Products Corp.
// HISTORY—Corporation
"for the purpose
was
organized
in
22, 1945,
O'Sullivan Rubber
Virginia Sept.
of acquiring all of The assets of The
Inc. (Del.).
Pursuant to a
acquired all of the assets of the
Co.,
plan of reorganization, company
Delaware company, as of Oct. 1,
', Jf'
■M,
??
???,
•,•'('.r.
•
V'•."",
:.•
■•"■
■■v."
:•.
■
>7 ■■'•■■■■'.
••;.■:
j
i'.v7
,•>
•Ykf
■
THE COMMERCIAL & FINANCIAL CHRONICLE
76
.?"■
.:•* •,<••■.-.': ■-'
>7
•.
Monday, January 7, .1946
(1) Issued to the Delaware com
Suock \2}~ agreed to' P&y to ,1,he Dela¬
1945, and in consideration therefor
pan, iAto,0w
ox ..vumn^a
es
*>«*...
amount sufficient to enab.e the Delaware company
to
retire its outstanaing pte^erred stock,
the amount necessary, tor
this purpose being. $125,000, pius ..dividends on .said preferred
the rate of 6 %■ per annum from Oct; l; 1945,,.to the date of payment,
and (.>) agreed to assume the liabilities of the Delaware company,
including $239,500 of fir3t mortgage bonds of the Delaware company.
(Pursuant to the plan of reorganization, the Delaware company will
retire its outstanding preferred stock and distribute,
on a share for v
share basis, to the holders of its common stock, the shares of common >
stock in
tbe company owned by the Delaware company,
Thereafter,
the Delaware company-wid dissolve,
;
;,■?■„
,u:r The company has agreed with C. -P.- Cassell & Co. to sell to it the
preferred stock, bonds and 5,000 shares of the common stock now
being offered ior puc.ic cnstrioiftion; and the proceeds received from
the sale of the securities will be used, in part, by the company to-,
ware
an
company
_
v
.
July
:
To
??
of carrying
pose
Increased "inventories
5%
Common stock
(no
Victor:,
the
and
for 80,000
rubber
STATEMENT OF INCOME
shares
ware
company,
Victor.
O'Sullivan
which
thereby
became
stock
common
wholly
a
known
arS
owned
subsidiary
minor
position
industry.
to
jobbers
made
were
months
repair
1945
trade,
The
and
shoe
of
the
also
machine
of
with
of
the
$613,217
19,281
32,979
industry,
*
parts
used
•.
the
in
..
the
and
as
,
operation
division
a
of
trade
sold
mission
manufacturers.
All
bv
Profit
plant in
RECONVERSION
AND
approximately 41% in
tion volume, was sold
factured
and
sold
manufactured
supplying
minated
and
production
but
of
the
for
S.
Government.
S.
Earn,
the
the
sales
company
a
as
representation
no
value
the
St.,
BALANCE SHEET,
1945"
,
S.- Treasury -obligations,- at
U.
-
SEPT. 30,
THE
DELAWARE
redemption
Feb.
on
1,
1946.
out
of
cost,
for doubtful receivables of
$G5„-
reserve
investments
to
payable
(under / revolving- credit'
banks
accounts payable, $1,003,437; atcrued liabilities,
Coal
bill
A
,
•
-
in
Alleghany
Preferred Holders
Co-
'
Pittsburgh
praisal—
and
Seek
Ap-*
(
been filed in the Court of Common Pleas of
Pittsburgh, Pa,, on behalf of some holders of
has
equity
County
at
•
preferred
shares
of
the company,
asking the
court
to appoint
appraisers to determine the "fair value" of the preferred stock which
they hold. ■, a
,
The bill was filed by former Judge John E. Evans of Pittsburgh,
and
Victor Frev of Philadelphia on behalf of preferred stockholders
.
,
of
are
the recent merger of that
The dissenting stockholders
Philadelphia and Pitts-;
Pittsburgh Coal who dissented to
with Consolidation Coal Co.
company
outstanding, par $2.50), $1,485,720; capital surplus
(representing amount of recorded net assets of predecessor companies
at Sept. 30, 1936, "less capital stock issued under agreement and act
and
;
suit
the
In
stock;
include
and
scattered
it Is
filed
$100 per share.—V.
that
claimed
$275
of
upwards
is
of
residents
both
fair value
the
share' while
a
the
the preferred
of
company
offers only
162, p. 2684.
..
Pacific Telephone and
Telegraph Co.—Earnings—
Pittsburgh & Lake Erie RR.—Earnings-
(Including Southern. California Telephone Co. and Bell Telephone
of
,
-
,
.
Co, of Nevada)
--
,
Period End. Dec, 31—
Ry.
'1945—12 Mos.—1944
Ui"'
S
$
Operating
COMPANY—On
,
64,728,000
_—
46,225,000
expenses
•'
Ty
9,024,000
Taxes.
1945—Month—1S44
period End. Nov. 30—
Ry.
-
'194$—3 Mos.—1944
volume
22, 1S45, the company was organized in Virginia.
Pursuant to
agreement dated Oct. 1, 1945, between the company
the O'Sullivan Rubber Co., Inc. (Del.), the
company, on Oct. 22,
ms,
issued
to
the
Delaware company
245,000 shares of common
1945—11 Mos.—1944
?
$2,027,984 $28,421,058 332,025,267
$2,240,648
operating revenues
operating expenses-
2,450,397
26,166.771/ ? 26,108,065
$177,587
2,232.635
$2,254,287 : $5,917,202
4,363,763 /
6,823,481
$
'•
57,682,179 248,553,000 221,600,042
36,678,300 165,915,000 145,938,703
14,392,123
53,979,000
50,927,488
Net
It. ry.
rev.
'Railway
Equip.
$0,013
opers?
accruals-
301,474
328,912
facil. rents
C?646,752
tax
& jt.
.
Cr531,580 06,187.011 05.894,624 ?
reorganization
stock,
all
assumed
of
agreed
amounts
to
$125,000
^
'I
fJom 9ci:;,
transfer
the
of
and
accrued
all
the
of
assets, real,
company.
-Pursuant to
assets were acquired by the
CERTAIN
fered
o
to
SALES
all
Delaware
r-e
stock
ciramon
of
dividends
thereon
OF
the
action
personal
of
the
SECURITIES—On
holders
of
the
and
March
of
30,
? 12,
outstanding
)tai
oi
shares
receipt
by
July 30,. 1945,
,iad
accepted
shares
said
the
on
of
accepted
of
them
of
offer
of
*
of
to■ it**
Dr790,371
of
of
1941,
right
Victor
stock
to
in
company
stock?
common
stock
common
a
who
to
thereby became
surrender the said
receive in exchange
64,384 shares of common stock in the Delaware
company,
basis of one share of Victor
common, stock for 4.2 shares
stock
in
the
Delaware company, the purpose of which-
.to
5,893,000
6,428,812
24,519,000
23,943,480
591,000
:
deductions
676,649
2,605,000
2,753,370
-L-
income
Net
Dividends
Earns,
per
com.
5,302,000
5,537,188
share. I;:??/:: $1.65
'December estimated.- -V.
162,
p.
5,752,163
5,537,188
21,914,000
a,
stockho'd^rs accepted
total
of
58.742
change^ for
l94o,
was
On
rata,
pro
at
July 20,
at
a
in
the
shares
The
that
Bank
at
a
of
sales
no
bid
shares
$4.50
Delaware
20,918,125
ntin
$4.50
of
and
in
and
the
Victor
Victor
delivered
Delaware
to
them
in
company
ex-
stock
common
but
of
stock, in
common
were,
Victor
at
said
stock
offered.
none
share.. Said
per
company
is
company
the
of
advised
underwriter
of
95%
.
^'-Cassell,
company,
shares
per
each
by
intends
Charlottesville
price
50,000
pursuant
the
the
Delaware
shares
to
the
of
company
stock
common
offer,
price stated.
stock,
common
.
a
C.
F.
Cassell
to .offer
(a)
principal
plus
amount
a
accrued
interest
the
partner
in
&
to
of
Co.,
the
24,991
$4,077,535
255,314
$4,988,345
246,168
$347,707
$372,684
$4,332,849
$5,234,513
3,707
55.481
698.192
1,245,588
-
.
share.
course
business in Palestine.
the .underwriter,
from
Oct.
of
1,
the
common
share.
stock
offered
hereby at
National
the
bonds
1945,
a
and
director
companj',
a
price
of
Fed.
'Inch
<
&
'.1045
;? $119,300
Net
old
share
ry, oper.
From
held.—V.
162,
p.
oi
75
new
common
132,886
203,091
Sold.
(par
$10)
and
21,000
shares
of
pre¬
common
stock through Loewi &
Co., Milwaukee. ;
;:
recently Incorporated in Wisconsin to succeed' to an
Illinois corporation established : in
1910.
Company is a well-known
manufacturer of electrical time switches and other electrical products.
The proceeds, will be used primarily for additional working capital
to keep pace with the company's rapid growth in its field.
Company
j
-
2685.,
162, p.
•
1945 ;
railway———
$66,715
'9,039
income—
Robert
Thomas.
from
Net
ry.
/// From
oper.
Jan.; 1—
•
Eagle-L'on
movie
of an
Producers
productions?
exchanges Jn
of
would
.Mr,
Pathe's
handle
Thomas
board
the
said
.of-..directors,?also'
physical
Producers
an*
of.
purchased
distribution
had
Milwaukee, Wis., and Little Rock, Ark.,
expansion program.—V. 162, p, 3079.
"
.
as
r-
::
?
409,997
362,078
297,412
227,030
-
Net
from
ry.
,
921,141
'16,535
'152,211
income—
162, p. 2685.
oper.
»...
;
•
$115,523
?
?i 13,901
'
1942
v
1943
$110,278
;
/
25,128
610
•' 13,548
.
1,158,877
52,825 ;;
'79,478
12,435
1,353,629
1,347,962
282,955
131,165
/
.250,855
93,027
'Deficit.—V.
Earnings—
Pittsburgh & West Virginia Ry.
November— ;" ??l ?./-??-?■?.;/.' 1945
from railway—$387,894
1943
/1942
$607,247
$562,422
$513,594
13,933
12,160
208,051
273,875
162,790
186,005
railway?----- ?
oper; income
from
Net
ry.
From
Net
railway—
from
from
railway-—
'""ome-??
—V. 162, p. 2823.;?; ' •?
Ne)
r".
?
?/■"
6,227,055
1,657,823
1—•■■-•'?■.-
Jan.
1,136,891
oper.
part
,
•
"■?■:;?;:?■.%??"?' ?;
railway—-.?
Net from railway-—— ?
Gross
Gross
Purcell,; Chairman
that
1,136,566
1,354,361
1944
$88,337
;; .'2,774
.
? / '20,782
railway
from
Net
,
Harry H, Thomas has been elected President of Producers Releasing
Corp., a subsidiary, and Lloyd L. Llnd has been elected Vice-President:
nounced
16,715
408
PiUsburg Shawmut & Northern RR.— -Earnings-
Gross
to succeed
20.065
'
.
,
November—
-
was
Pathe Industries Inc.—New Head of Unit—
^ $92,711
7,959
•
*
incomes—
Net ry. oper.
Net
stock
;
r
1942
$112,326
?
1,407,018
251,417
Gross
Company has sold 10,500 shares of 5 % convertible
$120,433 '
21,455 '}
"26,47,7 /
railway,-——: ; 1,332,593
Net from railway—-—
i 270,898
to $1
shares for
•
ferred
•
-
,1943
1944
s
stock
2815.
Paragon Electric Co., Two Rivers, Wis.—Stock
.income^.-,"15,388
Jan." 1—
'
23,657
/
;
from
Gross
of stockholders.
On Oct. 6, 1945, the company increased the authorized capital
from 5,000 to 1,000,000 shares, reduced the par value from $100
'
-
from railway-?——
—V.
•
2,385,223 ? 5,278,397
228,303
155,867
railway
Gross from
offering of 100,000 shares of common stock (par $1) at
$5.75 per share. The sale of the stock is for the account
share and provided for the exchange
$3,938,829
Pittsburg &r Shawmut RR.—Earnings-
Pantasote Co.—Common Stock Offered-—Van Alstyne,
Noel & Co. and Ira Haupt !k Co. on Jan. 4 made a public
each
§313,816.
.
Net
a
50,036
$3,596,259
v
exc.
November—
,
,
inc.
profits taxes
162, p. 2684
—V.
corporation has registered with the SEC 20,000 shares of com¬
($100 par). The offering price to the public is. $100 per
The registrant intends
to use
the proceeds in the ordinary
of its
$340,593
income
38,398
3,387
3,407,
charges—
$6.61
..
purchased
Peoples
$180,000
fixed
Net
stock
mon
..
underwriter and
and to W. S. HUdreth, a .director of the
of
$347,693
—:
I z l Total' income
Miscellaneous deductions
20,302,813
$6.90
$1.84
.
3079.
Palestine Economic Corp.—Registers With SEC—
The
...
«
7.500
the offer
stock
1945, Victor offered to the holders of Its
50,000
price
-
seven
by the stockholders of
•
of
a total of 13.979 shares of stock in Victor.. As of July 30,
there '.were
quoted
$325,853
21,854
inc.
21,190,110
,
saJd
operating
rv
-Other Income
the
Victor
and
to
and
a
into
Delaware
Victor
step
Victor.
was
complete the-divesting by Victor of all of its interest
in
the
business, of manufacturing rubber heels
and
related
products,except for a minority stock interest in the Delaware
company, - Certainof
Net
.
24,733,851
Dr4,140,000
Total
of
common
was
28,659,000
Ur 182,944
income
Total
Victor
stock
common
common
delivered
the
holers
12,
the
.
in
in
shares
March
stock
common
of
offer.
stock
15,289
Victor offered
the
the
common
Victor common stock,
t°
5,^.89
lie
who
company,
64,384
gamst
the
directors,
V r
company the right to deliver to Victor 4.2 shares of
in the Delaware
company and to receive in exchange
resmi of this offering, th? holders
ri\ a
P da ware:
6,611,756
(net )^— J7r3,586,000
income
Interest
1945.
1941,
one share of common stock in Victor, which
p.an to effect a merger of the Delaware
company
a
of
mixed,
board
of Sept.
company as
] terefor
m
Other
9,479,000
income--
oper.
the
at
:i945' to the date of payment, in consideration
e'awale
these
Net
/:
the
obligations of the Delaware company/ and?:
to pay within 60 days from Oct. 22,
1945, a sum sufficient?;:
the outstanding preferred stock of the
Delaware company,/,;
which
.
for
I?'
NOTE-—-For mechanical reasons it, is not always
possible to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical
position':'as possible,
? ■•/
-
1
TO
called
been
1,
,
obligations, at cost, $2,213,000), $101,615; 3J/4% notes payable due
Sept. 1, 1959, $2,000,000; reserves, $1,339,098; capital stock (594,288
Operating revenues
SUCCESSION
the
from
monies, $279,000 of first mortgage 5%'? gold bonds,
1972, at 105 Va ana interest.
Payment will be made at
Fidelity-Philadelphia Trust Co., successor trustee, 135 So. Broad
Philadelphia, Pa.—V. 162, p. 14.
shares
issued
4.4%,
or
fund
Feb.
the
t$3.94
have
There
due
consolidation), $1,369,735; earned surplus, $4,145,862; treasury stock
(44 shares at cost), Dr$304; total; $14,386,309.—^62, p.:991," >
;
and
.
1S3.65
kwh.,
p. 3197.
sinking
$76,630
,
of
Sept.
a
$502,531
.
?
$441,036; provision for taxes on income (after deducting U. 8. Treasury
thereof,-
future
$418,487
5,681,000
Philadelphia Electric Power Co.—Weekly Output—
$1,122,315
445,685
668,527
$2.08
LIABILITIES—Notes
agreement), $3,000,000;
those-
to
V? 162,
and Its subsidiaries for the
123,822,000 kwh., a decrease
corresponding week of 1944.—
output for the company
29, 1945 amounted to
Dec.
1,732,302
the lower of cost (first-in,
insurance, shop and other
sundry assets,
$100,238;
plant and equipment (at cost less depreciation and amortization of.
$2,765,845), $2,208,354; patents? licenses and trade-marks-~at nominal
amount, $2; total, $14,886,309.'
_
manu-
300,000
7,793,613
*
$1,171,058
\
electric
ended
week
of
11,300,000
485,617
4,978,222
'
..
Philadelphia Electric Co.—Weekly Output—
for
$126,054;
etc.,
outstanding bonds and pay $100,000 additional, plus
such supplies that are on hand when the sale is'-con¬
162, p, 2311.
1
r
for
summated.—V.
contraetR $971,500; inventories, nrieed. at
contracts, $071 500' inventories, priced at
first-out) or market, $4,422,992; prepaid
supplies,
'167,776
$373,000 in
payment
$193,656, estimated amount of claims oo^er lower of cost (flrst-in.
terminated U, _S. war
the
;
1,998,862^
2823?,
p.
*
sume
„
produc¬
consequence
to
as
stk.
cap.
reserve
CONSOLIDATED
the
volume
or
sh.
per
?■ 1,057,496
of Coos Bay and North Bend, Ore., will vote Jan. 21 on
to purchase
the water properties of this /company for
The price has been agreed to by R. M. Sherritt? President
Sargem Co., which recently bought the company from the
the
118,412
(668,526
$1,902,418
——
3,268.877
527,924
Water & Gas Corp., according to Ben R. Chandler, Chairman
of the ,Coos. Bay Water District Commission. ?
'
1'
, .--j
Under the terms of the transaction, the Water District will as¬
$3,273,030
$1,087,013
$1,233,894
668,524
—
ASSETS-*-Cash, -$1,984,390;
$3,931,771; receivables (after
in its normal operations. Contracts for?
U. S. Government have been ter-l
in
'
3,046,441
*190,318
railway—
income.?
oper.
Federal
111,430
!-
2,153,479 V
??--
8.1)87.512
'109,573
11,587,350
voters
post-war conversion and readjustments, etc.
tIncludes excess profits taxes (net),, also Canadian and Wisconsin
Income taxes.
tBased on old capitalization,^
*
the
by
makes
similar
are
$3,610,547
234,029
-
chge.^—
11,585,206
'286,401
10,700,049
-
$3,161,600
„.v?„' ? Crl0,855 h
'Special
name
.
The products
Government
—.1,
income
and other
1942
116,285
'36,476
proposal
of
266,863
?V
173,163
?
$716,704
'13,115
'202,647
.
$373,000.
$3,428,463
$6,751,260 $10,503,225
200,407
238,555
456,160
;
,
$6,875,149 $10,620,294
.281,923,
260,063
$6,593,226 $10,360,231
158,034
,142,994
$3,893,545
oper.—
amort
"
$727,919
80,215
Peoples Water & Gas Co.—Sale Proposed—
1943 :'•>,,? 1942?-v/
1945.;>? •??/.1944 ??/••?•
$3,437,385
Surplus
production,
or
COMPANY'S
from
and
Dividends
storage
of
.$162,720,?
The
Net profit
,
This
the
,
$127,725
i,
and
50%
$126,276
f
$814,562
2,242,804
1
,
;*Deficit.~^V. 162,'
$27,568,137 $32,958,634 $42,278,567 $16,000,252
23,674,592
26,083,485
31,658,273
12,571,789
expenses—-
tlncome taxes
DISTRIBUTION—During 1944,
or'approximately
reduction
anticipated
company
its sales
U.
to
material
no
is
the
U.
company
products
IN
value,
the
to
to
by the
these
CHANGES
sales
4,660
'$136,300
'Reserve*
the
Va.
Company leases warehouses
facilities for these products in New York and Chicago.
15,831
20,012
from
The
Int:
.
Winchester,
68,291
,.,?,?
Profit
in
its
42,196
Other income
,
,
52,076
37,692
19,030
-
and
Deprec.
-
v
manufacturing
Net ry.
taxes
sales
Costs
company
is done in its plant located
Winchester,
Va.
Products
manufactured
by
the
company
are::
sold through leased sales offices in New
York, Philadelphia, Chicago
and Lcs Angeles, and
through the sales office of the company at
f
55,514
'
shoe
basis,
431,415
Outboard, Marine & Mfg. Co. (& Subs.)—Earnings^-
Products distributed by this division;:
finding jobbers, who in turn sell them to shoe
Approximately 10% of its business is done on a com-?
the products being shipped direct to the jobbers by the v;
to
shops.
534,294
-
1—
railway-?-?:
from
^ 1943-
1944
$630,985
•100,326
income---
From Jan.
Net
Years End. Sept. 30—
Net
shoe
shops.
under
Gross
taxes--'
162, p. 3196.
and 35.16%
repair
43,284
a
purchasing: and
repair
shoe
$299,477
44,512
?
1945
railway-
railway——?
oper.
ry.
$660,232
48.555
424,103
Net income
rV.
equipmenbr"sup|>lies
company
from
$817,659
of
.
.
of
the
of
Net
profits
income
State income
from
Gross
5,672
15,371
(net)_
ONLY ^
COMPANY
,
$632,498
—
excess
taxes
•
Federal
<
in the business
knachinery and
small
repair
shoes
conducted
income
charges
Federal
eight
the
$293,805
29,785
91,087,680 100,506,154
Pennsylvania Reading Seashore Lines—Earnings
Net
its sales
in
made
were
—V.
8.655
.
$630,447.?
$784,680
were
first
2>660
|'%^ifi23;;
.
Gross
Laing, Harrar Si Chamberlin.
are
repair
I
sales
sales
profit—
oper.
Income
manufacturing 7
50.98%
compared
manufacturing
engaged
of
..
is
shoe
company's
while
trade,
of .the
shoe
the
:U??S. Government.
is
...
maintenance
business
61,63 %
in
distribution
_,_i
—
when
company
wholesale
repair
manufacturers,, as
2.26%
sales- tothe
were
shoe
the
in
of
.
Other income credits-—
by
products
45.70%
1940,
the
in
of
sale
year
shoe
to
of
the
in
the
For
accts.
.
3,686,124
7,331.482
1—
November— %?-?:V?:..v'?
Net
the trademark "O'Sulli-'
van's".! Company has in the past, and may in the future, also manu¬
facture and sell other rubber products,-but in the past the sales of
such other products have been a small percentage of the total sales
of the
company.
The company's products are sold in competition
with similar products produced by a number of other manufacturers.
Company is a prominent factor in the sale of heels and soles to 1
the shoe repair trade, but as a matter of policy, It occupies a relatively
made
exps.
doubtful
Total
soles
and
802,363
& gen.
"
i
heels
962,879
1,781,641
562,544
2,299,943
-
railway-^— 872,152,835 931.917,947 895,787,432 765,749,181
railway——- 191,554,126 256,071,665 291,125,497 261,385,248
ry. oper. income—91,550,367 101,574,148 118,470,610 130,983,012
162, p. 3197.
Net
$2,646,647
3,849,868
adm.
Jan.
12,805,659
from
Net
1942
•
$5,285,340
5,179,026
PVov. for
Dela¬
the
in
?? 1943
1944
$6,927,709
3,561,939
??
749,615
5,205
9,079,478
11,814,410
12,699,370
7,170.246
from
Gross
$4,929,978
)
from
ry? oper, income-—
From
_?---——?_?.?
railway—?
railway—-—
Net
:
1945.
1944"'?' ;/, ■ 1943
ia42
:
$73,823,964 82,923,368 $80,088,374 $74,243,320
14,795,765
22,913,363 21,220,311
25,621,348
7,280,040
9,147,752
4,445,647
14,839,398
from
Net
'
.
goods sold—1—
of
Sell.,
,
authorized
then
sales
CO., INC.)
933,824,960
11,722,398
398,820
503;236
EARNINGS - OF
-Years Ended Dec? 31-
Aug. 31, '45
Net
Cost
,
RUBBER
1,041,965
1,127,128.
.
.
7,249,508
income,:
November-
;
.
193,382
ry? oper.
Gross
Corporation)
8 Mos. End.
heel,
the
of
(O'SULLIVAN
(Predecessor
incorporated
was
Net
proceeds of the sale of securities by Victor, amounting to $261,000,"
by Victor to increase its working capital for the purpose
carrying increased inventories and accounts receivable, and carry¬
ing on its existing business.
*
?
originally
was
of
1910
1,101,026
598,948
•
,
of
established in 1896 by Humphrey O'Sullivan,
was acquired from him by other interests
in 1917 as the O'Sullivan Rubber Co.,
Inc. (N. Y.).
The New York company engaged in the sale of "O'Sullivan's Heels" principally to the shoe repair trade but had no manu¬
facturing facilities, all of its products being manufactured for it by ;z
others.
In
1932, Victor Products Corp., being then engaged in ihe
business of manufacturing and selling rubber heels and soles under
its own
trade name, had
reached a sales volume more than twice ?
that of the New York company, and being interested in a trade mark
of recognized standing
in the industry, approached it with a view
of acquiring its trade,marks and business.
On Aug. 11, 1932, Victor
entered into agreement with the New York company which resulted ;
in the purchase by Victor of the trade mark, trade names, good will,
and molds of
the New York company
for a total consideration of ■
$600,000. Subsequent to this purchase by Victor, the New York com¬
pany
was
dissolved.
The Delaware company
was
incorporated by
Victor on Sept. 27, 1932, and on Oct. 4, 1932, it acquired from Victor
the trade marks, good will, and molds of the New York company and
certain manufacturing plant3 and equipment of Victor, in exchange
business
1,016,373
rents (Dr balJ-l
facility rents (Dr
Joint
Will be used
•
BUSINESS—Company is engaged in the manufacture and sale of
heeiS, soles and soling material.
These products are used in
the shoe repair trade and in the: shoe manufacturing industry.
The
in
22.860,478 191.271,637 255,173,817
10,709,851
66,292.000 119,031,983
Net
rubber
Inventor
60,224,962 682,741,496 6.78,649,143
$1,049,500
?
;?:?
$500,000
7,500 shs.v • 6,000 shs.
par)—??.x__;—300,000 shs.
? 250,000 shs.
$500,000
83,085,440 874,013,133
59,201,907
balance.)
Outstanding
Authorized
73,981,144
expenses
Equip,
fe295,500
capitalization of the company, upon com¬
pletion of the pxan of reorganization and after the sale to the under¬
writer of the securities now being offered, will be as follows: :v,. •:
mortgage bonds——-—v~
cum.' pfd.
stock ($100 par).—-
accounts
V- ceivable
for
first
and
revenues
Unemploy. insur.
taxes
RR. retirement taxes--..
380,000
the company in Winchester, Va.???-???;;^???..??;:
increase working capital of, the company for the ,pur-
CAPITALIZATION—The
4%
125,000
of
operating
operating
Net rev. from railway
...
operations
; ; 14,779,237
Railway taxes • ?4,620,000
6% from
Delaware
and.improvements to the plant and manufacturing facil¬
ities
..
Ry.
Ry.
$249,000
company?—
company, presently; outstanding-.??-———?/
To pay, or reimburse the company for, the cost of additions
,
the retirement of the outstanding preferred stock •
and first mortgage bonds issued by the Delaware company,
Victor Products Corp.
(Maryland): has. entered into an agreement
with C. F. Cassell & Co. for. the sale to it of 58,000 shares of common
stock in the company, owned by Victor, and now being offered for,
public distribution.
????,•:
funds
supply
ware
■
For; retirement, at par and accrued dividends* at
V; Oct, .1, 1945, of 6% preferred stock, of the
;
/
.
.
■-
;•
:
(Continued
1944
■
••
125,261
154,963
>7.157,240
2,545,653
1,667,603
5,886,382
2,050,653
■""?
•
6,712,008
2,082,643
1,802,435
./ -' ???
>
■';?
on page
-
110)
■
1,617,227
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4453
Volume 163
Stock and Bond Sales
New York Stock
«»
ttttt yVyyyy^'DAIVY- ■-{ WEEKLY
United;States Government Securities
Below
t
furnish
we
YEARLY v;::~
-
salsa aro disregarded in the daye tango, ubIom shay an the only transactions of tho day. No account la taken of
NOTICE—casn and deferrse delivery
sueh sales in computing
the range tor the year.
the New York Stock Exchange'; -i
on
■
daily record of the transactions in Treasury and Home Ow ners' Loan
a
Exchange
coupon bonds on the New York Stock Exchange during the current
Figures after decimal point represent one or more 32d of a point.
week.
.-.r
•
-
-
•
■
■
—
i.
-
—■
■
-
Jan. 3
Jan. %
Jan. 1
Dec. 31
Dec. 29
Daily Record of U. 8. Bond Prlees
Jan. 4
t
f High
1947-52———{ Low
Treasnry
2%s, Sept.,
Treasnry
4%S,
Daily Record of 17. H. Bond Price*
3% s, 1946-56
High
2%s, Dec.,
1967-1972——
101.15
101.17
101 17
101.25
101.14
101.15
101.17
101.21
101.15
101.14
101.15
101.17
101.25
Total sales in $1,000 units-—-—-.
High
10
10
'
11
17
33
I Higu
Low
2%s, 1951-53-.——
{ Low
-
Close
v-■
Total sales In $1,000 units.
Total sales in $1,000 units
Sfts, 1049-52—
2%*, 1952-55■'
—
[High
{ Low
[close.'.
•■■■
Total sales in $1,000 units--
;
;—t
f High
Holiday
Ss, 1946-48——-
v.^ClOWBt'- fi
WMM, •#•»*■>
—
v-
Total sales in $1,000 units.
Xy«s, 1954-56—Low
iy'0y'%:tt tttt
{close
Total sales In $1,000 units———
Total sales In $1,000 units.
Holiday
•
2Vis
Ss, 1951-55
Total sales in $1,000 units.
1956-59
{ Low
Total sales in $1,000 units.——
''
Sfts, 1955-60———
101.15
[Close !
SI,000 units.
3%s, 1946-49
Jan. 4
Jan. 3
101.15
Low.
Close
Total sales In
Jan. 2
—
-•:/■■■:^t',{High
Low
——
Jan. 1
[Close
Total sales In $1,000 units—
1%*!,000 units.
Dec. 31
fHigh
1967-72—Low
[Close
Total sales
Dec. 29
•
•;
•
; 2
~
v
V*s; June,
fHigh
,
100.29
101.2
100.29
1959-62————-{ Low.
101.2
100.29
Total sales in $1,000 units.
Total sales in $1,000 units—i——
101.2
25
10
"
,fHigh
2%s^ ^ Dec,, X959rl962-.i—— Low ,'
101.4
y'yy--yy:y' Closed
101.4
'■
-r
1948-51
v
'
Total sales in $1,000 units.
Total sales in $1,000 units—
2s,, 1947
!%«, 1951-54-
^
Total sales in
.
1%S, 1956-59—nil.,,.-—«»
i
i
[Close
$1,000 units
,
I Hign ;:
.
2s, March 1948-50
i—
10
{Low
—
>
units—J-
Total sales in $1,000
101.4
—{ Low
[Close:
»■
Total sales in $1,000 units—.
Total sales in $1,000 units———
Hign
S%s^ 1958-63
Low
.——
S%i» 1960-65
J Low
[Close
y. ts, Deo. 1948-50—
Close
5-
Total sales in $1,000 units—
Total sales in $1,000 units—
,
:
—
^Hign
2s, June, .1949-1951———Low
j
.
£cios«^:
-K;^
Total sales in $1,000 Units—
Total sales in $1,000 units——«
.
'
(High
231 Sept., 1949-1951-—.-—-u—{ Low
;^r ^
[ClOSe* Total sales in
$1,000 units—b—
„
2%s,
f
1948—-
Total sales in $1,000 units—.
2
■yy^,y, %
2s,
8%$, 1949-53—— -———
-1-:'
Total sales in $1,000 units—.
fHigh
.•{Low
[Close
*
1950t52,hiii ——————
2 %b,;
V
t:"if•!'&'fvf ffv ^t
v'";4•
.
Total sales in $1,000 units———
.
fHigh
•
[High;
,<
%3, 1952-54———————————— J Low
'■
~l'•$S
;■ ttttt'/-t •'t ■:'/w(-4:":» t (Close
t/
;'/Hign..
———{ Low
(Close
1949-1951--
fHigb
2s. March, 1950-1952—Low
yyfyyyyyyyyy:;-; v^:;
^y<y
Close.;
•
Total sales In $1,000 units—.
Total sales in $1,000 units—
.
2
Dec.,
Holiday
F, 2s,
1950-1952————I
Sept.,
Holida.y
Low
(Close
'•
Total sales In
Total sales in $1,000 units—
$1,000 units.
103.30
2s, 1951-1953
2%s, 1956-58-
103.30
103.30
Total Sales in $1,000 units-i.
Total sales in $1,000 units.
«*•.
;::f' » ->•
rf High'
2%S, 1962-67—Lew
•
•«
■
SS,
[Close
,
>.
Total sales In $1,000 units.
r
1
Total sales in $1,000 units—
VM;
Total sales in $1,000 units.
'
t+i■;}•£■
r*
1
•'•a.o.w."
7
**
J;
Total sales in $1,000 units.
102.14
1<
102.14
10
10
102.11
fHigh
( Low
102.11
102.11
\Close
in $1,000
Total sales in $1,000 units.
102.14
102.14
Total sales In $1,000 units.
Total sales
Low
—
Close
102.14
1965-70
1953-55.—
5
'•
102.14
'
Si
102.22
lv"}
2%s, 1966-71
[High
102.22
'
Close
2%s
Total sales in $1,000 units.
102.22
LOW
Dec., 1964-1969—.—.
1952-54-
2s; Dec.,
103
[High
2ya8,
103
103
—| JU>W
Total sales in $1,000 units-
.
Low
Close
rnmmmmm
~
fHlgb
1964-1969-
High
2s, June, 1952-54
•{ Low
[Close
2%S, 1963-1968——
2 % S, June,
pill.
[High
'"-v.;'...
-v
WWWWMWIl
')%"*'j•'! .«&!V:>Vy'• Vr,
r'V■'
Total sales in $1,000 units-—
;:<■
1951-55-;-*
',v
units..
%
:.i
101.17
r-'i
2%s, June 1967-72
101.16
101.16
.
tRegistered bond transaction.
•Odd lot sales.
18
Total sales in $1,000 units*:.
NEW YORK STOCK RECORD
fe*"
LOW AND HIGH SALE PRICES
;
Saturday
Monday
Tuesday
'
;;V;:
Dec. 29
f per
share
.
yy
'
85
°8i%
t per share
81%
'
■
yt Jan. l; ;:tr
-tit Thursday
Wednesday
Jan. 8
Jan. 3 tt::'; ; v
83
*81
*114
116%
114
^;: t'yj;
/v
*113
ttti ;'i *81%
% 115%
•113 Va
Jan. 4
;
the Week
ttt
t per share
*114
115%
v
115 Va
•••
18%
55
•5%
»-i-f'
5Va
5%
■
•
32%
:
32
19%
-
■
'*42% ;
32
54%
8%
5Va
.
16
-
■15%
•
16
tt
32%
32 Va
2,000
5%
8%
19%
18
17%
52%:
8%
'tV-
5Ya
t
8V2
125
9
5%
78
39%
39%
*101%
105
'
54%
.
53%
71
39
"39
v'Vi-
"-—'
Vi
*101Va -105
f5'"
■
;
—
,.,-*''.
-
tt
55
69
55
♦69
:
69
39
t
*102
•
39%
106
-
52%
54%
69
t
69
38
*102
■vr
5%
-
-
8,900
31,700
5,500
♦22
186
22%
:
34
For
34%
34%
23
187%
'
•
it
34%. it'
'
'
^
.;
/!»*•'■ -i :*.„«-•
•*>
'[ [ ■'
22
22
185% 188 t
23 Vi
23
34%
34%
*21%
186 Va
2.50
9% Jan
2
t
Co—
Motors
———
-10
1
Express
—JVo
Corp—
Per
Admiral
Corp.
————
'
.
25 y2 Apr 23
vi 13 »/• Mar 26
32% Jan 24
-17
„1
38% Jan
22
Alaska
-10
ey4 Jan
Gold Min
—1
Allegheny Corp——;
—.
100
5%% pf A with $30 war
$2.50 prior conv preferred-No par
iAlghny Lud Stl Corp
—No par
loo;
Alleg & West Ry 6 % gtd
,
'
38%
-
•
39 %
*100
:
:
22
t.
22%
4,200
106
34%-
21%
;
23 V4
33%
34V4
600
Allen Industries Inc
—1
2.300
<
.
Allied
Chemical &
Dye——No par
1,800
190
23
23
33%
21%
187
186 Va
200
14*
Dee
33
Deo
24% Oct
37% May
Allied Kid Co—.
—8
3 300
TWT411*
Tni»
6% Dec
•
75
6
5%
2
17
74
Dec
11
13% Jan
153 % Mar
15% Jan
•«»
2
16
2
Of
108
:
Dec 17
Dec
5
1Q
24 y< Dec
10
WjOu,
Q
25% Dec
•194
.
S
Mar
Jan
-
July
Dee
7% July
3% Dee
$8
Dee
37
z
Jan
62
Apr
70
6
91
Apr
24 y*
17
42 V* Dec
43
100
V
Jan
23%
60% Jun 21
-
23
footnotes^ see page 87.
Dec
24.
Jan
Dee
10% DM
19% Jan
22 Va Jan
Jan
64
8% Aug
10
9% Nov 16
34% Jan 22
56
Jan
10% Jan
122
2% Jan 24
.
:
47
26% Jan
2
Juneau
.;
21% Dec 12
56
Dec 26
2
98 V4 Jan
,Dec
..
21% Dec 11
47% Dec
6
.
6
Dec 17
.100
——No par
64% Jun
lr4 : Jun
108% Nov
15
34% Nov 30
;
22% Apr
Alabama & Vlcksburg Ry
$ per share
52% Peb
Nov 13
Yl% Dec 26
35
'
701?
•
22%
487%. 187%.
Dec 27
Air Reduction Inc..
'
-
55 Va
*67Va
i
39%
106
54
114
60
Address-Mutigr Corp——- —10
5,400
'
*
551%
55%
*68%
15
Adams-Millis
3,500
t
53%
125
*120
Jan
Adams
32%
;
Jun
Acme Steel .Co
100
18 V- VtS:/-
115
1,100
44 y4
.
9
5,300
44%'
.88
22
/
tt:.
I
,
Highest
.
$ per share
f per share
share
lliy* Apr
7
31%;
19%
32
'■•:■
per
Year 1944
Lowest,
) 60 V4 Jan
ACP-Brili
7,200
20
32%
53%
*120
210
44%
17%
•
;
i
Range for Previous
'
Highesh-
Lowest-
.
Par
"A
t
115
114
116
53
t '■
125
8Va
it"
t
18 %
53%
*120
■'
.
'ft 15 Vt
32 Va
18
/■'.y^;
115%
t:
20%
44%
3t
125
.5%. ■
'
16%
*43
,..Sf
'«"•
18% ;,t3
8%
'
;;■
55 Vt
8 Va
115
*32
18%
8%
8%
w-trt
::
32%
*120
125
*122
20%
•
44 Va
54%
:
18%
55
•
32%
32%
32%
3
*43%
44% vM
32%
20%
2oy8
20%
20 y4
-
15%
^
m.-
32%
32%
33
*32%
:*43%
16% -'it
16%
16%
16%
■112
Range for Year 1945 V
STOCK
Abbott Laboratories———No par
.100
4% preferred.
Abraham. & Straus————No par
'300
.
'
'
*110% ■115 yvS
;;
STOCKS
EXCHANGE
,
Shares
82 Va
82%
82%
V
NEW YORK
Sales for
Frlday
; t
t per share
t per share
# per share
;
82
*112
116
*115
'■
Dec. 81
Jan.
29% July
01
Dee
9% Jan
141
Apr
13% Mar
Dee
18% Oct
107
16%
Dee
Pol
'feCOMMERCIAL & FINANCIAL CHRONICLE
.'••.
•-
Monday,--January 7, 1946
NEW YORK STOCK RECORD
''
) ! | per share
46%' 47%
I per share
46%
46%
104%
104%
53%
135
32%:
9%
'3 S00X'Li'-YV,'
\
:
w—
;
■;>
-",149%
41% '
41 %
42
41%
82%
84 %
81%
39%
39-
39%
38
151
22%
23
51%
135
fefe
64%
•
39%
*39%'
*145
143
'
38
38%
: "
57
.
35%
*108%
109%
8%
18'/a
38%
-IV*
T*
50%
51
rfe *55
*103
13
*100%
*100'%
si
50%
50%
51
38%
39%
119%
36%
36%
:■':•• 17%
17%
36'%
37
c-4
,
142
*140
*140
142
80
82
1
11%
11%
11%
96%
96%
97%
97%
•fe'
%}
83
-
-W;'
28%
28%
97
97%
36'%
36'%
29%,
29%
29%
•
40%
41
41
64%
63%.
64
165
*30
28%
31
.
48'%
*48
190
189%
*90%
159
*68 y4
69%
68%
*119%
120%
120'%
120'%
25'%
26%
•
-
lio
30%
31
29%
*128%
l3o
128'%
128%
•
10%
80
80
*79
■
--
51
.<
*112%
♦44%
8%
27'%
13%
8%.
8%
13 %
;
13%:
*133
137
137
43
;
American
Sugar Refining—
%
:Ik
-
^
54%
*18%
/
45'/a
19
48
fe •
.fe
'47%'
*51 Va
46 V2
48
134
i 13555 fe'fefe
*51'/a
>
'
55
—
.
107%
108
107
117
117
117
—
fe
*76
37%
*82
40 %
*105
106%
76'/a
37%
37
37%
39%
40%
*114%
26
*55'/a
91
•129%
26
19
115
28 Va
10
*55%
:
56%
90 y4
56%
91
91%
*129%
132
.
25%
134
> fe
,
135
133
>.
fe
*51%
'fefefe
55
105
105
106%
•
133
:
20%
%
104
105
117
105% fe
117%
*27%
10 %
28
9%
28 Va
10
-
/•
;.
"mm
0.
85
85
•>/■' 85
fe
39
39%'
fefe
fe
25%
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39
*114%
116
116
v.
37
25%"'
41
91:
••
76
25%
&
Armoui
■"->
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7%
,
,'fe .fe.fe
preferred
:-:••••
25
25 y8
8,900
V''
*55%
56
*55%
56%
■0;-<
90 VA
91
90%
91%
00 X
130
'
70 129
fe
130
fe
*23%
25%
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17%
18'/4
18%
-./•'•? 000''-sVl00
: fe
,
—
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:
*S.
fe
0 00.'0;0'
117
116
28
00
i
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28
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%
*118
->
59%
33%
33%
26
24 %
25%
49
48
39%
*38 %
55
*53%
21%
22%-
40%
40%
39%
Atl
22
7 7'A
75
5%
46V3
47%
38
*53%
55
2?%
21%
38
38%
55
*5338
4%
/.Atlas Corp
5%
76%
Locomotive
3.100
150
;
2,400
'
300
90
&
preferred...
i
Bangor & Aroostook
—
Conv 5%
preferred...
Barber Asphalt Corp
4rc
11
29
Bayuk
57
900
57
"106%
57%
56%
107 V2
*106%
107 V
Cigars
Beatrice
$4.25
Oil
Jan
16%
Jan
3
29
Feb
111
Jan
60
Dec
151
-—
:
Dec
19
53% Nov
17
31 fe 196% NOV
i 9
2
13
56%
57%
Jan
3
1 161% Dec ' 5
109
fe
Jan L
July 20
fe. .45
6
2
23% Sep
6% Jan
.;
Jan
20
Jan :
28% Julv
14%
D«c
.••fe; 4% "Aug.:
Dec
"(5%
27
107%
Dec
NOV
7
119
Jan
' 8
.:108
^fe
46%
fe
9%
Feb
11
8%
Jan
13%
Jun
Dec 29
12%
Jan
fe 19%
Dec
90
Jan
113
85%
Jan
113% Nov
19% Dec
48
3 L 140
111--
Jan
4
Mar
9
NOV
19
139% Nov 20
.52% Dec
:
Jun
►NOV *27.
x29% Dec* 6
.
July
/' yy/v: ''
Jan
33
15
12% July
45%
May
Dec
Sep
Dec
26
108% Mar 23
103 Va
Jan
Jan
31
113% Nov 27
53'/a
Jan
83%
Dec
82
Jan
106 y4
Dec
101 -fe Jan
48 Va Jan
30 ;•
22
•
120
25%
59%
24%
307%
Feb
11%
Jan
17%
53 y4
Jan
"57%
Jan
94% Dec
52%
17
Dec
26
6
1
130
6
27% Dec
.131
2
.
19% Jan
9
; 35%
Dec
26
31
12% Jan 31
'"44%
23
:
*
Nov
Jun
27
Oct
Jun
120% Aug
>13% May
20
Dec
Apr
84 % May
Dec
15%
3%
10
28% Jun
''
22
62
Apr
Oct
Dec
14%
<•
4
3
Dec
114
14 Va May
7
Jan
29
Nov 29
Dec 22
63 J
58% Dec 20
Jan
May
112
20Va Deo
2 : ,29
24 -fe. 10%Dec
Dec
Nov
327/a May
7
fe58
25
11% Jan
76
10
23
22
0 24% Aug
Jun
28
lu% Jan
Jan
387/a Nov
Nov
'18% Jan
5% Jan
55
Feb
27% Dec
,14% Jan 22
55% Feb 19
60
Jan
2
14% Jan
Jan
25
3
16
120
20
Jan
108% Nov
42% Dec
30 % July 27
Apr
Dec .11
Nov
83% Nov 20
7
71% Sep
.
83% Dec
45
1
33% Feb
:
Dec
A
3
113 :
77
Dec
> 39
13
Jan
*•
Dec
29%
'
30
18
113
Dec
65
5
2
**
Jan
66
18 '
,
..
21
Apr
6
»
26%
Nov
Dec
Dec
5%
Jan
13%
Dec
9%
Jan
23%
Dec
14%
Dec
9V4 Jan
4 fe
60
Jan
68%
29% Aug
7
52% Dec
1
21%
Apr
23%
3
42
Dec
13
12
Jan
18
17% Jan
Dec
20
14%
Sep
66
Mar 27
".81
52% Dec
4
54
16% Jan
2
25
14% Aug 17
32% Jan 19
No par
25
No par
Jan
25
Dec
59% Nov
2 ;
par
100
50
100
10
fe 24%
Nov
6% Juiy
:
Feb
10
15
42 % July 27
110
107
127% NOV
106% Nov 21
_
9%
Jan"
9% Nov
>
45-
100
Jan
Dec .10
.
141
.
20
;
Jun
r
Jan
Jan'
•V4-; Jan
44
Dec
40
120% July
16% Aug
23% Nov 28
,
102% Mar 27
:
6y»
67%
6
3
fe 15%
.30% Oct
2
■
.
:
D6C
L fe
13
felllfe-fe Mar 27
26
49 % Nov
12% Aug 17
4y8 Jan
84%
■
Jun 22
Nov 28
113
-
L 6%
8
Dec
July
July
152% July
Aprfe
,83
.-
75
Apr."
.116%
26
Dec
75
Jan
8%
39%
•
Dec
Jun
166%
10
.26% Dec
23 ;
56
•
fe:'
121% Mar 15
13
■fe: 38f/a July
139
-
31%
132
24% Dec'31
>69% Dec
8% Jan 23
Dec
-
Jan
18
Mar 27
Dec
fe 19% July
25% Dec
Jan
156
:
Dec
36
X1O0
;
Dec
26% May
91% Oct
Jan
1
Inc
Creamery—
15
Dec; 10
5
Co
preferred
Dec 31
Aug 21
Jan
45%
28%
31
16
fe:
Dec
152 y2
10
43% Dec
2
8ep
Dec ...fe
43% July
165'/2 Dec
90
-5
——50
preferred—
1.000
58 %
68% Dec
Dec 31
fe 181
9 fe 50% Nov 30
9 fe 164 ; AUg ; 6
6
No P"*
Brothers
40
107%
2
3
fe 24%.Jan
—__100
Aug
Jan
.49
Works——13
Ohio
4%
Barker
Dec
2
preferred——-No par
conv
40%
■
4.300
Ha'.. 'The'
42
41'A
87.
€0 $2.25
of
Bath Iron Works Corp
21%
180
2 fe
5c L;
—:
Pnr()
Barnsdall
42
page
Co. Z
#Ha»tnr.
7,300
21'%
see
1,200
22%
53%
12% Aug
17% Juiy
-57% Dec
No par
prior A———
Autocar
5.100
42
footnotes
:/';
No
21
21%
58
$5
preferred
Corp..—
21
41 %
♦106%
2.800
40,200
40 %
53%
53 %
Dec
fe'77% Dec
6
—.No par
100
—No par
Nichols...'.
20%
21%
58
•'
960
'
fe
'fe
conv
Atlas Tack
Austin
Baltimore
41
60 Ya
.
Dec
Feb
15
Oct
38
•fe
;
Dec
-i
66 y4
40
3
•
3% Aug :
.
10
2
L——50
Atlas Powder
Baldwin
*39
38%
,
Feb
11
38% Jan
—5
—
preferred
6%
.00 0
25.300
48
43
Jun
44%
18%
.
100
25 %
100
Refining—
pref series A
15,000
—-.46%
Jan
2
13
16
fe 29% Jan
100
—100
—1 ;\:
conv
22
40%
107'/a
non-cum
Atlantic
21 Va
21%
58
Lines—.:
preferred—:
2'.%
42
*106 V2
RR
22%
20%
58
—*
Line
W I SS
&
25%
76
76
48
41
G
24Va
22 %
2 2'A
22 %
76
46%
22
32
31
:
Oct
130
Feb
37 V4
105%
100
fe 76%
—100 ,;y
—*_•*—
& Santa Fe
Coast
33%
39 %
Feb
20
115 V*
')■ 19 %
Co.——.—No par
preferred
24%
r
40
22 "
■
r
L
28 V* ■
fe/V' 59%
34 '/8
*
Atch Topel a
5%
00 .9,200
119
59% <59%
25
fe
20
Mar
60'/a Jan
preferred—100-
preferred
'j%
Atlantic
ioo
18%
9%
Dec
12% July
26
Dec
15 fe
fe
r<y- f -i v".;-;
Assoc Investment
/
y-
100
27
9%
Dec
24 y#
19% Dec
.
510
129
9'%
33%
000^
28
27%
938 fe;
9%
118
fe 118 fefefe
26%
111%
.
Cork Oo—.*—No par
preferred J0-.S-~.No par
1%2d
260
v-
19%
Jan
Feb
Jan
86'/a Dec
13% Nov
12
;;
9% Aug
8%
11 fe 112 i Nov
<-31% Dec
fey9Jan
2
Dec
100 Va Mar 26 fe 140 ,
;
>11% Dec
5% Mar 27
•
'/
4,100
>■:
27
18%
.
fe 9% Julv
14%
99
3
fe;
Dec
80%
99% Jan
/Arnold vConstfble" Corp.———*.»0 ',
/Artloom Corp iii.*5.iL..*i..Np paf y
Associated Diy Goods*——.
---I
6%
1st preferred
100
400
39%
"
Jan
13
116y8 Sep
>.LL1--1O0:
preferred
$3,75
1,000
116
-
6y8
27
>/
/ Armstrong
3,000
85
,
79%
Apr :
145% Jan
—No par
—5
No par
Illinois—
of
Co
$6 conv prior
l.ooo
;
56%
76
*74
49
For
37
39
131
*24
fe-
—
Oct
7% Aug
6
50
*
48%
21%
fe
*75
107 y2
74 Vs
5,900
105 -V;Vfe
117%
85
34%
40%
106
50
91
*55%
•,
■••./.>
% fe:v•
41
*56'/a
'
•y
uf'000-
-•
;
74%
116
'
21%
55
106%
117%
39%
26
25%
*40%
s80
103%
•'-
85
59%
33%
39%
100
135
116
25
••/;•:
2,500
132%
*35%
-fefe 59%
26%
22
45%
45%
37
fe1
vv?
800
*105
■'
Jan
7%
65 % Jan
No par
Glass.Corp_~—:.__l2,50
Archer-Daniels-Midland
400
400
0
37%
;
>•■"■
.*
-
6i
34%
22 y4
3,400
18
117%
73%
131^
116
116
120
25%
*53%
56
108
>.;; •re-*51 »/a
•
•
1
25
Copper Mining...
3/A P W Paper Co Inc.*
-90
*134
fefe,;
:fe:-73 fe'fe
S00i:J\<'~'-'0
•••■•'
•
197/a
34
21%
,
■
18
61
40%
132
132%
fe.
fe
61
104% Dec fe 3
43% Mar 27
preferred- ———L~No par
Anderson, Clayton & Co———21%
Andes Copper Mining..—..
20
300
25
> fe
46
75%
132
27
*24
26
61%
*60'/a
—
000
'
fefefe 0;
fe,;
-55
45
»
Jan
30
65*-
$4
30,100
123
18
18
fe. 74
1
:
A00S\xSfix:
<•'•[•••
47%
134
4
Nov
76%
>
44% Nov
0 ••13%
par
preferred
$5 prior conv
Anaconda
2,000
12%
1,300
x25
25%
fe; ■ '37%
.
25%
fe'L
fe 117%
100:
fe'.'v
39%
,
105%
'
■
%.fe;{
:
.115% fefefe
115
115
25%
88
*79
fe:-.
88
*105
j
-
fev-fefe
74 %
0
*51%
■
■0.0+,
76%
134
■■''00
.
117
-
fe- fe';fe 25%
18 -'
132%>
131%
fevfe-vt-
•
>
106%
'
107% ' fe
*105
27
18% fe
18
135'
*131
135
*134
—
Smelt.*
Anchor Hock
27%
108
fe
30% Dec
29% Jan
Anaconda. Wire & Cable—
900
19
55%
55
108
Preferred
Amer Zioc Lead &
400
44 V*
132
Mar
27
95% Dec
.
'
133
133
*25%
__
65
31% Nov
157-
No pat
—100 0
1
Woolen—
190
:
I 8%
12%
fefe 46
39% Mar
Nov
Jan
128% Jan
preferred..—i...—No pat 0
600
;10
52
112%
*121%
& Elec——No
Wks
Water
American
19,000
27'%
13'%
134
*107
43%
8%
27%
123*
54%
.
81%
18%
6y4 Aug
Aug 21
41
100 /
—-L
preferred
5%
:
?;:Am
5,800
100
10
44
Dec
Dec
3% Jan ;
fe
Apr
40%
»
Nov
•
184
22% Jan
,—*———..100 0
preferred
Foundries Inc..——10
American Viscose Corp-;——.*14
27,300
43%- '43%
•
6%
,
10,000
500
128
*112'%
8
134
107%
18%
Apr
Jun
25%
Dec
fe
17% Jan
i——100 //
—
''>.'>>■ A'' ' *'
26%
18% :
33
;
"fe. 94%
40%
Sumatra
100. "01 $6 1st
31 %
:,:*51".;
43 % :
■
'
Jan ife
Jun
18% Jan
100
Amer Type
100
:i
25%:
9%
m
1,300
110 V*
43 y8
m
290
122
♦79
81%
18%
27%
f
"128
.44%.:-
12%
*
134.
107%
26%
28
*27
Jan
59
32 i
Tobacco———No par
Co.—
100 ;
Tobacco—i——.—-—25 0
Common class B
25
9,200
68
*
17% Jan
American
2,000
-
237/a
24%
18'%
*121
162
♦108%
:
15
Amer Telep & Teleg
,.
1,500
88 Vat
*120
•
&
,
Am
400
6,900
89
128
8
123 v
47%
189
102
Jan
15%
28%
.15% Jan
Co——*—No pat-0.
Preferred
100
148
*67%
44%
'
*54'%
:
108
*106%
15,300
23%:
*112% 112%;
:
134
55%;
54%
54%
108
*51
-
-
-43%
123
137
■
500
-
r'.y-
51J/a
47%
5% Mar
68
/
Dec
Mar
29
50
39% Nov
Jan
176
11%
fefe 1% Oct
1
Aug
4%
>.;■
'
,
Feb
22
——.100 -.f M64% Jan
41% Apr
American Snuff—
—€~25 i
Feb
6%
non-cum preferred5.iL.—100 L 153 if*,.27% Jan
'. Amer. Steel FpuhdrlesL.ii—Np: par. /
Stove
30
10
43%
13%
13 V*
123% 123%
54%
*79
28'%
23
28
13'%
123
*106'%
81%
•44'%
8%
28
27%
123
•
9%
10
.20
*19
2 V# Mar
fe 8
Apr
fe.-23;::v Jan
14%
-
54% Jan
Stores———«i—No pat
30
29%
.
;%■
Dec
16
19% Dec,
;
22
——
American
161%
25%
:
52
8%
Dec
36%
;6
2 >
80% Jan
Smelting & Refg-*-i.—No par-
Preferred
420
American
88
108%
% 128 '
-
112% 112%:
44%.
44%
45
20
'20
107%
Sep
fe
142'/a May 24
11% Jan
1,000
187%
23%
128
43%
Feb
21 y4
Jan
,123
2
•;.' 2% Jan
No par
2,300
-
108%
:
48
*87%
:
122
*120
41% Jan
28%
•143
68
.122
-25%
52
52%
44
*44'%
44%
20
20
68 '
;
Dec
101%
46
y
100
No par
29%
24
>68 -y
'*79 '43%
20%
29
0
24
28 %
90
23%
9%
Mar
Oct
.
y.;.4i;
Mar 26
26
Co
Aug
>; 15
41% Dec
30
•
24% Jan
x51%
88%"
-24%
-
Jan fe
14
12
>; 54
11% Mar 27
130% Jan
28%
---
131% Nov
Feb : :
13
Dec
—14% Oct
3
'
108 •> Jan
-
\
7,900
161
24%
108%
10%
Nov
22
21
40%
t;
Jan
.
Jan
26
Lighk...L-wNo par
preferred
No par
preferred.:
—«^..No, paf,
Amer
4,200
y
165
40'%
190
88 %
89
*127
*112'%' 113%:
113%;
7-48 V"
*160 ¥
48
187%
31
80-*
51%
:
44
*42%
;
64%,
179 'V
-V 148
*47%
110
44%
•
44
52
'
44
•
44%;.
44%
:":;
48
55
159
'
"
fefe
*143
•
89%
10'%
'
10
10% ;
280
40%
158%
31%
'
300
40%
J'
148
*108%
,3
1
.,
1,400
40%
'
48 %-
52
30%
111
♦108%
36%
179
55
*120
•
•
%
16
103
3
Ltd——No par
Rad & Stand San'y
Am
550
;};•? 64
30'%
67%
27% July
115 Va July
15
15
Jan
22
%y Preferred
:
American Rolling Mill.y;—
—250
4%% conv preferred
—100 :
American Safety Razor
-18.50
American Seating Co
—No par
Amer Ship Building Co.
No par
10,500
96%
29%
28 Va
-
89%
-
Jan
fe Nov
—
28
27%
36
40'%
190%:
69
*108%
•
»
185 V v
*28%
165 '
89'%
'
26
18
•
v^"96%?
-
30%
'U0-X 24 >;•
24%
24%
24'%
25%
"
158%
159%:
158%
;■>•
17%
*181
Jan
-48% Apr
Metais———No par
&
News
American
#6
52%
90%
90%
»
»/4;
24%
23
Oct
i
Dec
99%
107
Dec
69
Nov
Aprfe :? 42% July
15
29 y4 Nov
-
95% July
183%
Jan
Jan
14
18
149
:>
-Dec
70
/ Amer Power At
$5
27%
48
Dec
Sep*
July
68%
6% Jan '/ 5 yy.14% Dec fe 6
,
par
preferred
6%
;/:?
1,350
17,100
5,000
26,900
28%
•88%"
89%
89
91
*158%
11%
2,500
30 %'
189%
•
-
191%
190%
90
*89
83
10%
179
*160-
41%
148
48
48;
,
?-■
v;
82
98%
27%
152
42
;.
Jan
13% Jan
—^.lOd.---.
Metals Co
Amer
91%
30%
52%
52
*148
150
.
*141
-
63%
.—48%
M
fe 33 y8
'
»
Mar_
170%
11
16
NOV
112% Mar
69
82
31
>156% Dec
Jan
•
14
Dec
127
Oct
133
May
67% Dec
199
Jan
27
110
Apr
8
Dec
112'/a Oct
5
»
Jun
126 ya
Jan
17
15
96 y
Dec
19%
46
135
Jan
39
Dec
72%
Jan
37'/4
,
89% Feb
Jan;
'
17
183% Jan
W
No par i$
-71%
1
Co of III
F«iv Co-s.-^—No
Mach &
J Amer Mach
•
98»%
41
165
403%
Oct
,10% Aug 21
31 ya
45 Va
•23% July
7% Jan
v
557/a Oct
9
preferred
1%
1,500
1,500
35%
>
142
30
41%
'
237/a Dec
Mar 21
128
r
preferred——.♦—i.—50
conv
Amer
'
''
L
15% Aug 21
American Locomotlve-^/LLNo pof
300
17%
17%
36
47%
31
5%
4,100
•
37
35
41
63'%
'
52%
52
*148
'118%
118'%
36%
96%
36
>1791/2
29
100
91
*28
178%
47%
Jan
80
y
Corp
/ American Invest
22,200
28%
~
>96
63 %
V,
Internat
Amer
2,300
W
18'/#
•27%
180%
:*160
42
*30'%
28%
28%
13%
40
■
185
♦182
X 28%
''
,
100
-
39'A
-
41%
42%
42
101'
98%
,89
63%
'
60
x41
Ice«-.11
--w-No par*
0'. 6%non-cum preferred
100
90%
:v;% 17%
>
30
46
18
■
American
4,700
'
165
Jun
"I
Sugar—;
'•,
40
84'%
-97%
,
36%
,
181
46
*160
46 %
46%
f
181
180
179
*160
::
18%
41%
: :
1
^
10% -11%
97%
41%
64
Apr
30
.
"7(|0
13%
17%
x83
>.
*28%
"
29'%
'
51
36%
17%
96%
37%
.
600
,
-
*13 %
118%
36
35
^.-35<:
*141 % 142
X36'/2
97%
97 %
36%
5,100
*50%
38%
185
28
20% Jan
69% Jan
.
edo
12%
13%
13%
397/8
:
90
"
v
55
106
-
*99%
13%
118%
-
•98
88%
28%
V' 28'%'
:
'»
9%
9%
12%
«
101
13
36
*181
•
185
*181
185
200
"
-17%'
-
18%
17%
18%
18%
•
12.%
*13%
36%
17%
97%
89
88%
88%
88%
*181
V'
♦50% S51-
11,v -11%
■
Dec
16
10
Crystal
Dec
> 42% NOV
110% Julyf
,
May
40
'
39'%
-
E6
3
19
-
5,300
51%;
55
*141 ■•; 142
86'%
85%
86%
11%
109
105
120
351%
19
—50
-
; 17%
17%
36'%
17%
37
Dec
24 L
Jan
>.
:
51
35%
-
10,200
1,600
34%
50%
13%:
; -; *118%
36%
121
36%
2,500
7%
114
33%
.-•108
'13%
38%
*118%
38%
38
*118%
-
114
:
*99%
13'%
Coji—:
Dec
•
'
800
"
12'%
•50%
'
-
4
7% '
100'%
" 13%
V
13%
*13%
2,800
37
37
38%
;
14%
*13%
14 v.
•
18%
105%
ioo y8
43
24 r; 94% Dec
41'/a Dec
2
28 '
42'/i Jan
.
-
12%
ioi
Mar
,
20,100
8%
18
0: 58
105%
12%
12%
101
13%
'<;•• *8
10%
'
53'%
■
>*55
58 ';
105%
,
12%
13%
9%
9%, 10 fefe
57%
82
-
50%
:
4
18'/a Jan
;L 27% Dec
—10
109% Jun 29
6%
1st preferred—
—
100 / 105% Apr 26
57 '• Dec: 31
>30'/Wan 24
i Amer
Distilling Co stamped
20
It 9% Dec
3
3% Jan
American
Kncaustte Tiling
^-1 %
10% Jan
0 19'/a Nov 14
Amer European Sees*
.—No par
43'/4 Jun 28
27/ Jan
American Export Lines Inc—Li—i -f
"r
8 % Nov 20
2'/a Jan
Amer & Foreign Power—,-4.—No par 1 >:
Xll7 Va Nov 15
Jan
.:;.#7 ---preferredu:i--LLiw4.«>Li.-No: par X v96
40 : NoV .19
20% Jan
til 2d preferred A——-No par
109% Dec 11
91 - Mar
$6 preferred-^.
—4.—No par -.
38% Jan 24 i: 56% Dec 10
//American Hawaiian SS CoLl-.—r10 v :
5 L Jan v 3
107/a Dec>4
American Hide & Leather-^..
1
58
Dec
1
'"47 / Mar 1
6 % conv preferred—.,—-—50
109
Dec
6
687/a Jan > 2
American^ Home Froducts-i——*1
250
;
Dec
Aug 21
July
4%
Apr
"
par
preferred——-.
4%%
fW
American
1,000
106
52%
108%
108%
24'%
24%
105%
-
'<
34 Mi
109%
!
105%
*13%
100
W
114%
34%
*113%
51-
109
10
9%
68'%
6%
38%
•'"
*
51 -fez
*65%
♦17%
112%: 114
35
35%
:
Colortvoe
:
161
No par
Chicle,—-
American
145
118
fe 24%
Jan
preferred——-—100 ^
conv
American
-
5.U
8
8%
5%
160
,53%
52
55%
53%
*17%
30
143'%
.28%
(jri
par
Ino__-*_No
Cable
&
4
preferred—.——100
non-cum
Chain
Am
Jan
35
10: y
E>e?r
40% July-
,
Apr
17%
2
-100
1,500
0
105% 105%
;
1%
200
1,600
"
105
4
par
Fdy__^_-_No
&
26%
24%
24 y«
24%
105%
8%
38 %
7%
116%
34%
*C\tZ
64
-
38%
*142
25%
64
W;-
123'%;
Can
Car
11
Dec 11
140
Apr
22%
29
28
i—.l
25
Preferred —
American
33%
share
per
Jan
Sep
Jan
23
103
r__100
fe.-fe 25%
143'%
24%
17%
38'/a
7%
7%
7%
*114%
*104%
143'/4
105%
123'%
ii-wi 143%
143 W 143%
-
No
14%
56'/8 Dec
10
1
Corp
Radio Corp
A
v
-50
-«_1 '*
preferred
Cable
104 7/« Dec
Highest
/ S
share
per
•"i 3% Jan
6;;$/: U% Dec
71
Dec
Dec
' '43% May 14 y' 71
par
-
Co
Shoe
American
130
5,900
63 V-,
»
Brake
5y»%
.
1,400
"
198
> 38%
38'-'.
37%
8%
-
8%
18%
'a
124
124
:j
17%
8%
*17%
*50
0S^ 62
''•;24%
24%
a
54%-
56%
51 Mi
63%
99'%
198
62%
Bosch
ieriCan
Amer
17,600
15%
99'
99%
198 %
20
135
15
-
61%
*63
24%
*134%
>.'•'
09%
•
106
106
107
Am
25%
66
24%
24%
24%
*105%
a
4,701
198%
144
25%
*63
66
3.600
52
199%
145
25%'
'
*63
'
143
;v
25%
*25%
148
144
*145
148
143
22'%
51
38%
39%
39 %
..
22
15,%
;
Mote
daiiK
14
5 ■'£
preferred
52%
135
No
Corp
Airlines
20
102% Dec
/38% Jan
2
113% Jan f 2
"J,
Chemical-No par
Agricultural
1,100
38%
22%
100%
*122
124
*122
124
*122
Amer
American
22
15%
62%
?
80
14%
.
-
*78
*134%
*198%
v
80
15%
64%
63
:' '."-.38%,
38%
•
52%
100
100'/a
199
1,400
84'%
*78
Petroleum
Amerada
4,400
41%
83%
134%
V
15%
15 %
41%
83'%
51%
52
100%
199
41%
38
'
24
par ;;f
3,200 i ;i. An»«.^aut Leather Co Inc_——.-1
6%conv preferred
50
'.y:
500
82
C«;mNo
Portland
$ per share V.<
4*8 V* Dec 27
20y8Jan
f>u<
preferred .-^—.—>—.100
conv
Alnnn
2oO
148
146%
145
134%
135
199
V
101
64%
x22%
9%
66
*58
65
41
78
23
78
■
;
145
•
53
*134%
15%
15%
*100
*196%
.
23
52
52
*134%
—
80
*78
80
;
22%
149%
9%
9%:
"55
'
Ao
v.uicra
v.
Lowest
,
$ per share
,A
„100
/
preferred,.
/ AUw
4%
'
:
31%:-
3i%
*
;
4%
500
4,000
$
Par
v
AKled Stores Corp-——.i-No pat :'k
;;
135
*130
135
32
38
*78
s
533/#'
84
84 %
39%
.
104%:
51%
41%
83%
-
*104%
53%;:
*132
9 57
65 :' > :
149% .149%
41%"
"147 '!
.
104%;
4%-':;-5>:';v;
;
10,500
47
52%
fe-9%fe;: 9%
68
46%
104%
.
10
*64
70
"60
;j-
*32
10
10.
136:,
*132
,
32%
feV
47%
47
ZZ'X ;■■■?'■ r47 '' 48%
:.$&■>00S00J0 104% 105% '••
L/fefefe# 00S00J 52% ■' 54%.
-0X0Zr Y00:0"'* 133
137
■*'
: w:'fe—fe/'fefe'LL
*32
32%
Shares
Range lor Previous ,,:
!
: c.v Year 1944
:J000
Range for Year 1945 >
Highest :
Lowest '1
;;
•<exchange
the Week
I per share
* per share fe,
f per share
.
■/
' STOCKS
1 v;
.NEW'YORK STOCK ..'%■■■ -Av". '01
8ales for
Friday
Jan. 4fefe';
.
VJan. 3
:1
105%
53%
*104%
53%
53
"32
I per share
i
Thursday
Jan.lfe>''-,, Jan.,2
Dec. 31
Dec. 29
"132
LOW AND HIGH BALK PRICES
:i
X Tuesday
" fefefe-' Wednesday
Monday
latrrdtT
Jan
DeK
23
7
Dec
Feb
28
24% Dec
47
4„Nov 20
58% Dec
26
Jan
11
110
14% Aug
Dec
Dec
July
18% Mar
19%
Dec
25%
Feb
34% Nov
31
Jan
38
Dec
105% Jun
lit
Oct
fe
' ' '
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
.
■'
..
LOW AND HIGH SALE PRICES
Saturday:
Dec. 29
.
t per share
:,®ft Tuesday
ft Monday
;
-ft
Jan. 1®.;-Jan. 2
Dec. 31
t per
S per
share
: .'
ft-?-
S per share
share
.
STOCKS
Range for Previous
Sales for
NEW YORK STOCK
the Week
EXCHANGE
Jan. 3
t per share
$ per share
ft
'
..
Friday
Jan. 4
Thursday
-
Wednesday
.
Shares
-\
/Lowest
ft ft".
-
Range for 1" ear 1945
'
)par
•-.
t per
Year 1944
Lowest
Highest
$ per share
share
per share
Highest
t per share
'
15%.
V
15%
*129,
22
25%
";;■•
21%
22 Va
ft;
261/4
301/4
ft
26%
31:
53%
541/8
54
„
•
31
v
ftft'-' 29: 'ftft;ft 29:-.ft:;ft
25%
29.1/2
30'/a
,
-
108%
ft" 521/2
53
281%
29
28'/a
,
25%
26
ft,ft 31
108% 109
®
;
53-; •
x28% '
f
'
50
-ft;® 5.100
95'/4
,
ft
153
53%
28'/a
>31%
26%
27%
931/4
1497/8;T.497/»^ ft*J50
70
70
70%
69%
70 Va
35%
35%
341/4
34'A
33'/a
34
23%
24
23%
24
231/2
24"
30%
*291/4
*40%
ft;
■'!
303/»
;
*66'/a
68
43%
3'
39%
/'ft *49
'
*8%
9
ft;'
59
<"'
8%ft;
70
•105%
37
67% .-ft ft ft;
*1801/2
190
ft, 44%
48
"491/a ftv„
9ft
91/4.,.
49
8%
.
*56%
57'/a
.
:
53%
-
'38y2,-39'/8
38
-
43 %
39
41
ft, 38%
39%
14.
*90
vft
v
""1-75%/ 75%
26»/a.
26%,:"
*108
ft ft.
25% Dec
10
20% Jan
26
No
....
...
3,800
50
33
ft' 2,200
,v
5
; 18%
123 J/2
*122
5
+
.JVo par
91
J
^
i.
77
79
ft®
25 V4
25% ft
.
.
109%.;
-6
111
.
61/4
;® 24%
25 %
*108
,
6
,
251/4,
;
99%
35.
■
99%.
997/a
35
341/4
ft,
■
ft' ft
341/4
.
>,
400
ft
40
ft'
31
42
ft®
128
20%.
-.'/■• ft®
49 ft
29%
30
;■ 73
177
*175
671/4
67%
62%
*108%
62%
ft
*155
157
56 J/8
126%
,
49 ft;®
291/a
-ft
v
29 Va
•ft 731/2
180
*175
-
177
67%
68
68
ft;
ftft:; 63%
*108% 109
*156% 157Va
ft ft 23 y 23%
68
62%
60%;
108% 108%
155
157%
22%
20%
20%
20%
20%
27%
.281/B
27%
28 Ye
28
21
28%
10%
11
121/4
12%
23%
10%
10%
-
ft
11%
10%
ft 12%
12%
ft
12%
12%
115
•1131/a
115
18
*113%
17%
18
18
ft/ 37 yv
301/4
ft *29
49
'48%
.ft' 15
15%;
*110
112%
37
ft 38
50%
48%
49
47.;
151/a
14%
15%
14%
*110
./ft: 10
20%
97/a
-ft *29%
29%
50
*110
107
107
ftft 31%
70%
,391/4
*20%
21%
55%
.ft- 55%
55%
•^9%
20%
20%
39%
38i/4
39
ft
69%
70;
37%
38
ft:;;:; 38; :
ftft 34%.
34%;
•
ft *341/2
*55
ft-
*20%
14%
13%
ft :
133% 134
■
*43%
23%,
281/4
28
28%
•28
67 ft,;"
68 ya
ft *66
104%
*103
24
23%
54%
<
53%
*99 Vt,
*57
•
ft
69
230
•200
•102
105
*102
112
112
62
109.% '
101
59
60%
*107% 109%
*991/8 101
38%
37%
51
51
52
For footnotes
38%
52%.
page
-
69%
104
230•
;
*107%
ft *991/8
*57
-ft
37%
109%
loo'/e
59
38
87.
52
52%
152%®:
20%
,110 ;
20%
®
;
1Q1/8
29%
,
11%
30%
30%
38%
34
'
40
34
ft;
8,200
4,300
2,800
1,500
ft
200
.
■
®
.
,
56
631/4
56
63%
330
25 i
25
600
*20
^
20%
ft, 22
23Va,
ft:;.;22®®23%
67
230
*102
105
112
"
68
67
*200
'"22%-
ft
;
>
;
*102
:
'112.
60
60
;
'
-
'
:
'
.
991/8
37%
52%
153
99Ye
*991/4
-
*57
80
37%
38%
53;®
153.
®
',
; 52%
*151*
"
,
-
f
,
100%
::
'
ft® ®
50-
53%
..153 ®
5,300
.
2,900
40
-;:®-
37% Dec
80
Dec
45-
7 ft
12%
Jan
21%; AUg
7
40%
Feb
7
10
27
6
39
Jan
59% Dee
2
36
Dec
8% Jan
77 % Deo
„
.40
NOV
20% Dec
Jan 22
128
14%/ Jan
22% July
17
39%
Jan
49V* Dec
17%
Jan
25% Dee
8%
Jan
14
Deo
Jan
129
Dee
10
116
Nov 28
25% Dec 26
5%
Jan
2
97
Oct
19
47%
Jan
24% Dec
27
37% Oct
19
39% Dec
10
10
Jan.
2
3
2
-
30 V* Aug 27
6
39% Dec
111% Dec
105
®
20% Dec
7Yi Apr
17
Jan
22Va
16%
Sep
20% ; Dec
12%
,
Jan
15%
Jun
9%
Deo
11% Jun
Deo
5
4-
10
4
Jan
95
Nov
14
54
Jan
83
81
Nov
13
43%
Apr
70% Deo
27% Dec
71/4 Mar 28
1
15VeNov 30
,
77%. Aug. 23
.59»/4 Mar 27
14% Jan
12% July
77% Deo
42% Dec 31
Sep, 13
13% Jan, 2
20% Apr
Oct
12% July
44% AUg
50
July
16ft
2
22 V2 Jan
Oct
21
112
Nov 21
.35% NOV 13
6
110
28
.
Oct
Dec
15%
Deo
2% Apr
12% Apr
67% Jan
r3%
July
17%
Deo
98
Deo
20
25
Sep
16
10
101% Feb 28-
Aug, 21
Deo
8% Jan
:
,-:.7% Dec 10
3% Jan. 2
Jan 22
15
39
Nov 28
3
43
Dec
56
Apr 17
;
Dec
ft,-®.
Apr
•
27% Jan
r
ft; 1V4 Jan ft 2
6% Apr
4
20
Jan 24
45% Oct
.
56
Dec
20% Deo 29 ft
33% Jan
8% Jan
42%
21
ft
ft® 56
135
49
6
Nov 17
Deo
5
6%t Feb
Oct
2
43% Jan
971
Dec
ft. 82% Nov
Dec
8
47% Jan, 22
71
Dec 26
Nov 13
66% Dee 11
110
Jun
5
15
113
25 V4 Dec
Oct
152 %. Deo
54
July
40 Va
106
Jan
Jan
Deo
129% Nov
8
11
21% Sep 21
17
Jan
19% July
5
31 Va Dec
3
19
Nov
23
41/4 Jan
2
11% Dec
8
;
20% Jun 18
25
40
Mar 26
Nov 28
32% Dec
SO'/iDec 31
Jan. 24
16% Dec
Nov.
8
180
21% Mar 28
—NO par
No par
33
.
7;
Sep. 14
ft 55
Dec
112
41
Jan
Mar
28% Nov
12% Deo
•
67
9
Jun
134?
ft 17% Apr
Nov
23
May
23
IT
5
27%
11
Dee
Dec
12% Jun
22
Jan
Jun
18
11% Jan
12% Jun
5% Jan.. 22
24
18
24% Oct. 30
33
24
.74
66% Oct
®
66
Jan
ft 27
15% Jan...
197/a Jan.
Deo
14
...
21% Apr
37 Va Dec
10 "
30% Nov
Sep
Feb
21%
16%
Dec 28
Jan
21% July
49%. NOV
38% .Jan
Jan
59% Oct 15
Jan
64
Deo
28
47
Jan
27
Dec 28
13
Jan
Dec
4% Jan
15
Dec 26
14% May
1% Jan
29% Jan
48
Nov 28
24.
X23
Jan
91% Jan 24
42
Va Jan
® 58
5
6
77% Feb
40% Feb
Deo
2
30
Jan
2
68% Dec 31
98
Jan
2
105
Jun
9% Jan- 27
25
Nov
®
72 y8 Dec 10
2
20
205
105
Clev El Ilium $4.50 pfd
109% Jan
2
115
May 15
Oct 17
Jan
22
68% Nov
1
110% Apr 16
3
100
17
59
2
35% Jan
5
140
Apr
9
41% Sep
3
53% Oct 16
155
Dec 17
96%
Oct
lOVa
Jan
51
Deo
Jan
185
Jun
90
Jun
110
Nov
37% Apr
115%
Jan
45% Jun
106
Mar
109
Jan
92
Jun
96
Aug
Nov 28
34% Jan
Deo
Nov
78 ft' Jan
Jiin 30
53% Jan
SOys July
25% July
148
3
106% Nov
93% Jan
Jun
6% Oct
30
July
98 Va Jun
31%
ft 35% Feb
Dec 29
26
Nov
19% July
6% Jan
29®
Jan
57
17 y8
25% Nov
95
19
Jan
65 V8 July
Deo
14% Jan
11
20% Jan
31
44
May
Aug 28
140% Deo
2
*7% Mar
25% Mar
43%
15%
Dec 31:
49
16
18% Mar
®
...
54
15%7an.
9Vs Mar
Jan
Jan
Deo
60%- Deo
Nov 27
49% Jun 26®
25% Jan.. 22
54
4%
18
34% Jun 18
,
July
14Vs
Apr
5% Sep
26
15% Jan. 22;®ft
18
31% Deo
46%
Feb
44
22
6% Mar 26
•
Jan
14
107% Deo 2T
47% Mar 27
,
Jan
58% Oct 17
3
14y8 Jan
:
.-———^—-5.®
Sep
15
Apr
37% Jan
"
par
114
Apr
Nov 19
--25
...No par
100
Jan
Jan
•.•-
Oct 26 V
3
28% Jan
—10
Jun
July
4% July
® 30% Feb,
4% Apr
7
108% Oct 18
No par
15%
2% Jan
®107
8%
20%
7%
115 Vii Feh 23
10% Apr: 13
108
Jan
13% Nov 27®®.
11% Nov 23
109% Jan, 16
Jan.24
ft—^100
Deo
Mar
5
7
Clev & Pitts RR Co 1% gtd
50
Special gtd 4% stock—
50
Climak Molybdenum—No par
Cluett Peabod^ & Co
—..No par
Preferred
—100
5%
18% Jan
20% Apr
10% Jan 22
No par
Cley Graph Bronze Co (The)*.—1
65
39
96%:Jun
10
Dec
33% Deo
22% Deo
44%.Jan.
31% Apr
-
Deo
159
119
;.f,
r
Dec
12% July
51% July
11%, Deo
54%. Deo
Jan
66% Nov
- 4
-ft Jan
33
Apr
143% July
26
48% Dec 10
175
ft
27% Jun.
17%> Nov
13
.33% NOV 27
10
47%
®
'
Apr
Nov 26
33
No
Dec
21 V»: July
35% Deo
.23%. Feb
72
104% May 15
127
Jan. 2
14% Jan
2
—
—
Nov
IV* Jun
7%
15% Jan
9
No par
Oil
57
% Jan
6
May
128% Dec 12
8
47
Jan,
4
10% Jan 23
48% Jan
2
•37 Vs Jan
30% July
® 63% Feb:
32% NOV 13
.
113% Feb
5
ft; 9% NOV 28
Mar. 26
31
24% Jan
8
Feb
preferred
53
Jan
89
5%
Jan
37% Jan
49
.
38'/a
18
170
ft
:
10% Jun
41% July,
7% July
52 Va Nov
18% Jan.
:
par
—
30'
200
59
34%» Deo
Jan
® 19% Dec
Jan
Oct
Jan
34%
3%
74% Jan
■
117
28%
Clark Equipment
—No par ®
C. O. C. & 8t. Louis Ry. Co.
.100
5% preferred.
100
—
109% May
8
®59% Nov 17
15
July 26 ft
Deo
55% Sep
Nov
—_1
City Investing Co
..®.
5%% preferred.
City Stores—
300
10
f
<
*107%, 109 % ®: > *107% 109%. ft ft
*57/
,
2,200
105
preferred
City Ice & Fuel—
340
•
Dec
98
45% Oct 23
55
® 22% Mar 26
—
220
23
*111
112
*58%® 60
No
Chickasha Cotton
3,300
2,200
®
8
11
191
3
Jan
13
27
40 Va Dec
Mar'9
.87
JChilds Co
No par*
Chile Copper Co^ft^.——.——25,
Chrysler Corp—
—J—.
5
Cinn G & E Co pfd 4% series—100
C I T Financial Corp..
-No par
5,500.
30
7,200
®
,
®
68
230
*200
'
Mills.
' Chicago' Yellow Cab__
300
®
>
•
Jan
Dec
67% Dec
105% July 26
par
—
14,100
69%
88% Apr
46% Jan
ft
®
50
Chicago Great West RR Co
5% preferred——;
.—*—50
Chic MUw St PI P vtc
!—No par
Series A preferred
—.-100
Chicago St horthwest'n w i
No par
5% preferred wi—100
Chicago Mail Order Co
.5
Chicago Pneumat Tool—
No par
$3 conv preferred
No par
Pr pf ($2.50) cum div—.No par.
27,300
:ft
.
ft,39%
.
ft
;
109
10% Jan
Ohio St East HI RR Co—.JVo por ft
Class A
—
,*—40
3,500
71,
®, 691/4
391/2
®,
,®,
.
31%
70i/4
ft
>
19
Feb
•'52% Sep 26
'ft' ft'"®'\'>' -®®'
ft Chesapeake & Ohio Ry*.
14,000
•
53%, Jun
.
No par
Checker Cab Mfg^
-——5
Chesapeake Corp of Va.;—.—.^..5;
14,000
-®
Jan
120
Caterpillar Tractor^
^No par
Celanese Corp of Amer.
—No par
ft $4.75 1st preferred
.i—No par
7% 2d preferred——.
...100
Celotex Corp.
NO par
:
5% preferred
20
Central.Aguirre Assoc
-No par
Central Foundry Co...._.—.-.-1
Central Hudson G St E Corp JVo par
Central 111 Lt 4% %.«preferred—100
tCent RR of New Jersey
.100
Central Violeta Sugar Coi———.~.
Century Ribbon Mills—
No par
$4.50
/
,
131/4 /ft-®
23%
45
12% Mar 27
:■
No par
Champion Pap &. Fib Co
30
800
500
10,900
50,500
.
11
21
^...50
.1
Chain Belt Co
300
.
55%
'22
-
ft®rft:®'-®:"
Certain-teed Products;
500
49
,
<
.v
Cerro de Pasco Copper..
12,900
30
Dec
,45
Jan® 2
ft; 23% Jan 25
,6% prior preferred——«~~100'
,
105
ft 152%
*150% 155
see
,
•111% 113
*60 ft;;®-61-ft'-
59
38 y4
*150%. 155
■
r60%
*57
54
28%
>-6^-",'-69.;::®
♦68
*200
112%
*60%
*107%
■
®
112%
13%
13%.
*43 •
45
® 130 % 132%! ft : ft
132 :133 '
130%: 132%!
*111,
112.
*111
1121/4
*111
112
52%
52%ft'®'',:®-: 52%
52%
521/4 52%
28%
28%
287/s
28%. 29%
ft 681/2
69;
69
697/a
ft 68%
69*
104® 104
104
*103% 105
'
104,
.
5,100
,.
147/a
12
34%
45
100
®
48
55
39 V4
391/4
*43
,
.
,ft 23%®23%ft
105
*112
ft
,.
24r
205
/
.
112
31
* .105
39
r
130% 131%'
•
38%
-ft
J
:® ®:<ftj 1,700 ft®
2,600
18%
29%
■
•Ill
171/2
78
35% Dec 28
—
40
•
111% ill%.
%
30 ya- '
70%
58
ft'ft 56
56.55-
4,300
107/a
6,800 :
121/2 n :.-®-ft® 5,400
*48
.
;-'*43-®<:® 45
45
ft;
>110
.
13
ft;
7,900
14%
.,
341/4
57ft ft '
1,420
28y2
48
64
641/4
ft®
65%,
64 ft 64%
\;
>
25%.; V; 24 ft. 24% *20;®® 20
25
;
*20 ; ft 20
.13
13%. ® ®.
13%'
.1313%.
25
14%:
54%
•102
'
21
a6§
*67
.
65
25%
*110% 112
*104% 105
205
v*55
ft
21
*29
,
,
70
140
-
23
.
38yz
38%
35%
®
38«/4
29%
29%
;
158
\
20%
,,
38
38.
,
.
101/2
697/a
697a
'
1,600
5,600
;
100
:
-
2
...
22%
,
11%
201/4
21%
20 J/4
-10 y8/
9% -10%,
-69%
69%
39
20
281/4
>
55%
55%
j
2,000
109%
19% Nov
—
1,600
j
607/8
.
158
21®®
21
ft ft .: 29%
70
'
35
70
281/4
*65
*
34%
132%
131
.
ft.
39
69%
54
54
:
38%
ft.
56%
66
ft;
20 J/4
*110% 112
'
26
•20
: 45
>
38
64%
641/4,.
26%,
14%
70%
26
56%
64.
*261/4
ft'
9%ft
301.4 • 311/a
70y8
70%
ft;
::
•
31%.
31%
®?
38
45
9%
29y#, 29%
?
;
■
>112% 112%
55%
55%
10%
10%.
.
9,400
1,600
.
Jun
"
90
i
12%
11
Jan, 5
Capital Administration, class A Ji
52
Mar 26
$3 preferred A—.—10-ft
.116% Jan
2
Carolina Clinch & Ohio Ry.—.100
32
Mar 26.
Carpenter Steel Co..
5
21
Jan 22
Carrier Corp
10: 59% Aug, 9
:;
4%% preferred
5 % Jan.: ,2
Carriers & General Corp
—1
® Case (J I) Co
i..
25, :
35"% Jan 26
152
Preferred -ft-i,
Jan
3
^..100
110
500
68
60%
Cannon
110
•
176
*108;';
'
21
20%
201/4
29% ft
71
701/2
55%
10
'
.
.
-
44
v
®:®vft 12%
29
29
21
9%
20%
29%
69%.
*55:
9%.ft
ft; ft 9% :ft 9%
29%
31%.
®ft
21
55%
.
105
,102
.
21%
-
67%
ft®
29% K
29%
49%
49%
491/2
491/2.
-
297%
*175
®\110% 110%
.110%.
111% 111%
•104
107
ft
47-
-® -43%-
15
122%
29%
29%
30
*49% * 51
®
ft 111%
65
Oct
11
-;®
ft ®;
$4.25 preferred
127,000
300
Deo
34% Dec
40% Mar 27
ft
Canada Southern Ry Co^—~^.100
Canadian Pacific Ry„^.M...j-...23
-—
ft; 73 -... 73 -v
-ft *8%
8%
'
48.
*110
112%
*29%
29%
50
9%ft
'
*110
112.%.
10'/a
ft 55'/4.
30%
30%
14%
ft;
107
•29
30%
29%
29%
*491% ft51%
-
391/4
49
*110, ft 111%;
ft *20%
37%
"
.
*103,
ft
38
-
17%
ft
w
29
711/2
9
•
—
60
.
;
20%
461/2
-
10% 10%
12%
12%
113%. II.31/2.
,171/4 17%
38
39
*29
30
*113% 115
17%
-
47%
29%
ft.
■
Deo
106
Calumet & Hecla Cons Copper
..5
Campbell W St C Fdy
;
No par
Canada Dry Ginger Ale common—5
4,600
17%
17%
.1 55%
55%
ft; 126% 126%
,
231/4
20%
23%
,
■'
5% preferred.
ft ft: Callahan Zlno-Lead.
2,100
i'
43%® 44%
175
175
67%
67%
60%
61%
*108
109%
157
157
22%
23
20%
21
27%
28%.
45%
44%
47%
28%
58
197/a
65
126%
ft 70%
ftft 3%
73%
;
9
62
•'
ft
'1'
'California Packing——.No
ft ft® 10,400
,
ft.-
129
129
66%
,
8 '/a
311/4 f 31%
8%."ft-
*531/2
,
•55%
126%. 126%
45%
;
66%
'-ft,'"''®®;, ft'..®
800 /
13,700
3%
31/4
42% -43
ft
20®
17% ft, 18%
56
18%
18'/4
56
'
109%,
•
;,
*
58
| 19%
ft
-
129-
•53»/2
;
66
•471/2
ft
*175
■
20»/«
>
29%
44%
ftS
•128
s
58
66
;®
"''73
r9
130
-
•53
49%
73
f®
9
45
■>127
ft® 19%
128
29%
73
9
44%
42%
.
•
...
311/a
421/2
57
*48
49
31
431/4
ft;
18%.
•56J/8
*126
128
31 Mi
67
18%
18%
57
31
20%
' :
*65
67
*65%
*181%
ft; *56 %
;.
8%
,
®
39%
Oct
20
10% Mar 27
.100'
®*541/2- .55Va? ®ft,®®-; ft®—...-®®
3%
® 42%
ft:,-:
58
->ft. 3%>.,<
8%
,,
'
128
:
19%
ft
3%'8%
•®'8%.
39 J
*39y8
39%
;; •541/4^551/2
3m:
43;
'
*53 ;
58
ft®
20
*126
39%
557/*.
•
■
8% ■ft 8%
31%
3iy»
'ft-:"421/2
,*127" 130
*53
®
>■ ft 3% -ft 3%
8%,
8%.
30%
41%
55
*54%
1
■
•.
'
*54»/4 7 55 "ft3%
ft:-ft:; '3%
ftft:
39
40
40
Deo
22%
47
—5
C
ft -y
'
ft
-:40
Jan
37% Mar 27
®ft
4%%' preferred.
100.
Butte Copper &> Zinc
Byers Co (A M)
^..No per
'
Participating preferred
.-.—100
Byron Jackson Co......—~No pan
150
-1
16
6
51%
25 Va Aug
15
Deo
109
17%
ft
4,700
ft® 2,700
1
37% Feb
16% Jan
7% Jan
14% Mar
.
preferred.. 100 > ft
Butler Bros common..®
v-^-lO
100
-
20y* July
66% July
130
93% Mar
5
5
ft > 5% Apr. 5
42% Jan 24
Bush Term Bldg 7 %
5,700
:>
Jan
Feb
8
33% Apr.
36% Apr
^.—..5,:
.6% preferred ;
640
15%
56% Jan
115%
10
114
-
loft
Bucynw-Erie Co_„^.._i
7 %■ preferred
20
'
32 Va Dec
42% Dec
>12
52% Apr
3
24% July 20
24%
*90
Dec
Dec
95
..^..100
:
.
18% Jan 23
...No par'
4 % % '■ preierred
155
xl08% Mar 26
ft® ® 25,200 ft
Budd (E G) Mfg®
931/2 '- 94 yft®.®®..ft.';'. 700 -®-ft..• $5 preferred
.
Dec
20 Va
56%; Jan
49% Jan
No par
...100
Brown Shoe Co__.._^^..._No par
Bruhs-Balke-Collender..:
No par
600 ft
ft®®®:; 5,300
®:
40
-
49%
Jan
17% Apr. 24
Bower Roller Bearing Co
100
,73
18%
par
Braniff Airways Inc:
2.50
Brewing Corp; of America....... 15
Bridgeport Brass CO_—...No par
Briggs Manufacturings
No pat'
ft® Briggs & Stratton^—
No «ar
Bristol-Myers Co New
-2.50
,3%-% preferred.^.^.
__i._100
ft® Brooklyn Union Gas^..
N6 pnr
800
:®
ft;
99%
35%
35%
2
Co.
Boston & Maine-RR (assented). 100;
/
.
500
26
ft® 24%.
99%
13Ve Jan
"v
4,500
ft
75%-
757/a.
ftft; 6
,
ft®
36%
®-®;®22%
91
109%
6%
25%,.
,
13 y8
ft; 25%
;
HI
61/4
V 25»/a
991/8
.
'ft
;
34% ft 34%
19
i 901/4
91
4
..—
18%
19%;
Dec
,
ft *108%,
ftr
109
\
18%131/4.
10
38
—...
22%
ft
72% Dec
2
looe
No par
v®
94
*
....JVo par ft
23
.-ft
22%® 23 ft.,,®®'- 10,400ftft®Budd Wheeli-.-ft-.A~i^-.
No par
3131
ft'
31%
1,300
Buffalo Forge.Co
—®^®...l
38% : ft®:®' 377/a> 38%
; i
4,200
Bullard Co____.__..——No parft
42
-ftftftft ® ft 401/2
4li/a ft
8,900.
Bulova Watch Co.
;
39
39%
39 y+
6,200 I Burlington Mills Corp commons.. 1
108%. 108%100 '
4% preferred.
^...100109%-ft
18 %«® 18%® ■ X
18%
10,500 ® ® Burroughs Adding Mach
No par
;®
13%
13%
4,700
Bush Terminal,.
1>
12% :
vi ft: 30%
31%
2
Jan
Bond Stores Ino common....®_-..l
3,900
112'
*711/2
,
mi
23%
93
.
351/2
32%J;
ft/ft
ft 123
ift 22%
22 Va.? 23%
i;
18% ft
80
17
*110 ^
32%
74
*121
-
23%
®
ft®
35
;
"18%'
19%"121
*108
36% /ft
*71
Jan
23
;4 Borden Co (The)
6,300
®®®.ft47% 47%
ift ft,®/ 54 v 54 f
53%
x32%
ft
*3^%' 36
42
^
33%
16%
•
•
112
35
94
9%
fty® *>72
<
nv»
=
48
2,600»ft ® Borg-Warnerj Corp^
®®ft 57% ;,ft;|ft®:®® 200
33%
48j/4
•110
120
31%:
80
ft: 47 %
^'.ft
*70'' ft; 74
,931/4
331/4
W\ft® 53%
36%
•' ft
7
ClaSs B
-
35%
Nov
Bon Amt Co class Aft...
ft
,
;®
50
'9,
16%
53%
.35%
9
321/4
*110 "'%• 112,-.
331/2
.
44%
56% -ft ;-;>®*56
*72
2
30
r
4,700
185 t:;ft'v®®&®ft-® 200
44 %
j
4,900
® 491/2
r.
200
37% 7
*173 '>•'
f.
49% ft C
,85/a,
17% ft 17%
•48%' 48%>
231/a'
,'ftftft:
45
ft;'
56%
58
33%
33%
*72. 'ft;77:
ft
ftftft -'®
179
179
;
-
441/2 ft 44%
ft
Jan
Boeing Airplane Co
Bohn Aluminum & Biass
150
67%
67%
-371/4
38
-ft
-ft,
105%
'ft- 1051/4'
106%
661/4
127
11,900
■
Jan
17
3
30%
v
33 Va
10
Bloomlngdale Brothers:
67
Der
15% Jan
53% Nov
13
98% Deo
Bldmenthal St Co preferred
1
Jan
10%' Apr
5
28% Dec
130
67
July
28
35% Dec
Bliss St Laughlln Inc.......
...
Nov
13
10%
7
Dee
.2
160
>
Nov
30
56 % Jun
Blaw-Knox
.
38
121
7.
63
6
14% Dec
Jan
8
Jan
29%
ft-
Dec
109% Dec
65
No par
—l.——100
112%
'
49%
*56 Va
,
*68
;
66 % ft 66 %
195
491/4
70
;
J 105% 106%
44% ft®- 44'/a.
49%:
*56%
ft'
70
6,500
7% Jun
31
111% Jun
29i/a Nov 13
35
7
22% Aug 31
17
Aug 22
_1
...
*1091/2
30%
291/4.
31%,:
®®38%^39-'V1v:
677/s
39%
>
*180
ft®
44%
■ft
106
*661/2
"
39%
*180'ft 195
ft
30%
70
106
105% 106
: ft
31-.1/4
6
Blgelow-Sanf.Carp Inc__
No par
Black & Decker Mfg Co^....No pat
200
*38%, 39
24% Dec
19% Jan 22
53% Dec ft 6
(Del)i._*
1% preferred,
1,400
,
30
*29
39'/2
112;
*1091/2
ft
;
,
23%
22s/b
8
.......
Bethlehem Steel
;
300
34
7
7
Best Poods
7,500
v
70
"34..
30%
38%.
•
;
-
27
2
Indus Losn^...
No par
Pr nfd $2.50 dlv series '38 .No par
Best & Co.
1
151
*69'/2
231/8
*29
,
110
1091/a
*68
691/4
ftft *39%
112%
ft. 30%
31
*68.
?
94%
34 %
12% May
18
Aug
103% Sep
47% Jan
100
1,900 ft-
26%
93V2
71-ftu.
'
22%
39%
ft ft 39%'-
40 ft,40%
*110
1
151
331/2
*
ft
151
*69
30%.
•29
30%
*29
ft.
42
112%
*110
ft
*69
26%
ft
32
\
...^...10
5,500
31%
:
95 Vb
11
Dec
Dec
.
12% Jan 15
—par
fieneiiclat
®
M
17 % Dec
Jan 20
42
136
Aug. 17
114
._20
A%% preferred
Bencux Aviation.—
2,<800 ft
-
—
31%
31%;
271/2
•~»95
ft
152
152
:
ft
2a%
96
28
■
95%
'-31%-
--*33;,-'ft
27%
95%
95%
ft *149%
...
9% Apr 25
35
Beimng-Heminway
Brfl- Aircraft Corp.
Bell & Howell Co
>:ftft®;® ®ft
-
53
;
_1
RR—
Beech-Nut Packing Co___^
1,300
3,100 ft
1,100
®
Aircraft Corp..»..»
Beech Creek
200
'
*52%
I-V3T%
B^ech
20
'®;:
22
ft *30
.
*108 ft ft 108%
52% ft 53%
28%
ft
■ft*211/2
22-
® 25%
'
40%
40'/a
>127®
131%
i
131%
20%
151/4 ®ft'®:';. 3,800
15
41%
*40'/2
26%,
25%
*108
151/4
*125
>
21%
ft. 30%
,
108i/*
*108
'
ft 541/8
ft
136
21
108%
;*«-ft29vft 29'; ft
*52%® Off--*
321/4
33 ftft
ft-'-"ft 28%
28%
41%
*401/2
■
*127
®'®
30%
30%
*108
ft
42'
130%
ft;
26
'ftftft 22
*40%
ft: 130%
132
15%
15%
15%
15%.
41%.
*401/2
ft®
14'/a
65% Maf
;
53%
30% May
34% Apr
38% Mar
145
Feb
Oct
39% July
152
July
>;• :'
CHRONICLE
80
RECORD
STOCK
YORK
NEW
:
Dec. 29
I per
*
thare
63
63
46
.•
•
—
46 *1'
..
■
*105% .106
17%
17%
39%
.
*37%
*38
*38
*34%
36
45
45
*14%
45%
44%
45%
10%
10%
10%
45
109
106%
105 V2
28
28
51%
52%
53
48%
x
47%
48%
24%
23% ' 25%
122%
122%
34 Ma
*41%
34%
42 %
34%
34%
*43%
44%
6%
-
33
73
'
>v
109 %
15 y#
>
553/4
553A
;<
18%
18%
18 3A
39%
38%
39 y4
V 40 y4
"401/4
54%
*53%
17%
V 17%
*39
52%
*107%
22%
231/4
62 y4
63%
*107y4
$ ' 67 »/4
n
63/4
6%
40%
38 3A
*107
109 %
*107
31%
*32
*38%
38 3/4
3i%
*38%
7>d
1073/8
6%
61/2
58%;
*52
29
'
52y4
29 Va
293A
39%
108 y4
*107%
,
38
110
<
25%
26
25%
V
V?44%
'46 ■>
35 %
*106
1063/4
*106
'
*74
V-'
{
,V
..
v./
,>
28%
27%
27%
26
*112%
114
8VVV
160
27%
130
353/4
35%
*110i/4
40%
/
271/4
*148
•433/a
*100
Jan
353A
Dec
14
25%
Jan
35%
Dec
3%
21%
22
145
,
7 3/4
27
*125
35%
/
74%'{
73%
8
,
,
{ {
:
30
27% '
130
35%.,:
/
{
45%
'
'
'
V
*1251/2
353/8
97%
Dec
70
Feb
93
Feb
Jan
27
107% Oct
17
Nov
23
413/4 Oct
Dec
29
28
Dec
53
Jan ;
4
d
13
243/4
Jan
2|,% Nov
8
8JA
Feb
2(1
2
Jan
3%
Feb
17
21»/8
Feb
109% May 23
102%
Jan
■;.!
22
10
26
V 45
Dec
Feb
17% Dec
50
Sep
•
20
Jan
112
Feb
Oct
Dec
Nov
29%
Dec
73A
5
32%
Oct
10
Dec
Mar
Feb.|g 4*3%
Jun
V 17% Dec 1Q
10
Jan
3
{
41%
Jun
2
20
Dec
10
5y8
Jan
9 Mi
Dec
29% July 27
43
Nov
27
26%
Sep
33 V8
Jan
v 44% Nov
16
24%
Apr
12VA Aug
38%* Feb
31% Dec
19 V* July
29% Jan
,
16
2
59% Oct
10
Jan
2
28% Dec
27
47% Feb
5
55% Nov
8
;12% Jan
2
19% Dec.
6
49% Jan
16
^
Trust
165A Aug
Co-
30
Jun
103/4
6
15%
Jan
July
25'A July
44%
Jan
57
Deo
61%
Oct
71
Oct
15
52%
199
{/Dec
18
Dec
173%
< 5
1%
Jan
;
2
6
7% Dec - 4
143% Dec
108% Dec
2
34% Dec
? 41
18% Feb
3
17
20
8
Dec
39
Aug
11
15%
Feb
28
69
Dec
Dec 10
Nov
Nov 20
10
145% Jan 29; X150
Sep
13
28
28
9
28,700
6,500
Outler-Hammer Inc
Dec
31
24% Oct
19 %
{Jan
154
Dec
Dec
Jan
: 29% Mar
22%
Jan
{ 30%
101
5% Aug
Oct
5
97
9
11V8 Aug
41{{ Apr
9
Nov
19
30 Vb Oct
17
125
Oct
Apr
140
61%
July
Dec
4%
Jun
7% Nov
143/4
-
26 y
37% Dec
6
Dec
109 Va NOV
/Jan
ft
75% Oct
18% Jan
2
118
Sep 11
144
22%
8
56
16
25% Apr
Dec
Dec
Feb
112
19
5% Aug 20
100
No par
—
Nov
29%
11%
29
;
6
37%
89%
Jan
16
Sep
Mar 26
59% Jan
Class. - A—.1
Nov
51
31
122'A Apr
Prior
V Cusliman's Sons Inc 7% pfd
Jan
102
108% Jan
2
Jan
/ Jan
20%
>
|i 51% Nov 19
10
Dec
21
Dec
2
2"2~%
'
7
Nov
29
Julv
July
Feb
Mar 26
99% Dec
25%
32
27%
V16
29^4 Apr
Jan
163A Jan
31
6
105
Aug
-
27% Jun
14
27
preferred
5
{
:
Jun
2C% Jan 22
30%
112
106% Dec 19
124
116
Oct 26
85% Jan
2 V 52%
111
87% Jan
2>:
Press Inc
preferred
184% July
7% July
53
6
49% Nov 24
25% Jan
Apr
Apr
59 V2 Dec
28% Mar 26
Packing Co
52
Jan
4
99% Aug 22
preferred
Mar
V 13
2
3% Jan
Jan
Deo
8
25% Jan ? 5
37
>
133A July.
26% Dec
V
2
Jan
48
Jan
Dec
{ 64% Oct 15
V 38% Oct 15
Dec 26
6 V108
Jan
•24
49%
25
9
47
13'A Mar
30
101% Aug
58'A Jan
May
533/4 Jun
52 % Mar 27
Cunningham Drug Stores; lnc_.2.60
Curtis Pub Co (The)—.:
No par
3,000
Dec
Aug
25%
24 V
6
Dec
4 % %
Dec
Jan
102%
19
113
Nov
4%%
32 a/4
20%
6
42
Cuiieo
13Va July
Jan
Jan
31
.Aug 21
'
Oct
12
17
109% Dec
Oct
103%
18%
23
40% NOV
Dec
25%
.
11'A
6
115
I
Dec
24
.
40% Dec 27
;
20 V*
3H
V/4% July
7% Jan
10
V 35% Dec
25
7%
50
130
Dec
V 45 SA Dec
Dec
{ Dec
46
preferred—'.'Wo par
preferred.—
Curtiss-Wright —
.1
(,
Jan
20%
V 34% Nov
2
I V* July
9} %
V 8% Jan
$7.
35%
{21%
7
11
Cuban-American Sugar
900
27%
1
Nov
preferred
Ctidahy
Feb
Jan
7% Dec
A:
24
182% Jan
Cuba RR 6%
12,100
8
39% Oct
50
2
Sep / 7
Nov
%
.'79
10% Apr
preferred
5%
; ;
500
741/4
48
8% Jan
5
933i July 30
37% Jan
2
$2
600
/
-
{
12
17% Aug 21
Internat Corp.
10u
106%
Jun
34% Nov
Jan
25% Jan
(Thei
Crown Cork & Seal
2,500
.
18%
:
1
17% Jan
Inc.
—A
,
Apr
13
-11% July 19
31'A Jan
3
Crosley Corp
11,800
45%
liVa
4% Nov
3% Mar 23
106
Cream of Wheat Corp (The)
•'
Jun
10
124% Dec
24% Jan2
>
Crane Co common
33A %
preferred
400 {
Dec
43 %
2
291/2 Jan
series.
Coty
49 !a
Jan
26% Mar 31
v
Preferred
:
Jan
37%;
17
24
106% July 18
Coty
39 y«
13
Jan
283A Jan
22
Inc.
Bank
31
25% Dec
i
Jan
i'89
Motors..
Exch
Dec
53 '/a Sep
116 % Dec
2
Dec
15% Aug 31
;.8
13
1
America
5lA Mar
31
24
Nov.-
1
47% Jan
/Corning Glass Works common.
>
3%%- preferred
Corn Products Refining.
1,240
-22
27
Jan
39
Ccrnell-Dubiller Electric Corp.
Corn
145
73A
of
pref 5%
Conv
,
500
^
"
*53" |V"":57 V:
73%
76
110
,
160
21%
11
23
26
preferred
2,000
Crown Zellerbach Corp
150V. $4.20 preferred
200
$4 2nd preferred
2,500
Ciuoiun. oieer 01 Amer
41%
273/4
*142%
11% Dec
110% Nov
84
Cooper-Bessemer Corp.
1,500
-/{•:
111 f
101
2
2
36
$3 prior preferred.
Copperweld Steel Co.
;
300
119%
v
4% Jan
pfd—
cony
Nov
90y4 Jan
$3.75 preferred
100
v {
.
»
106%
106 3A
*142%
.
26%
800 V
28
253A
v
;V
J
108 Va
:
45%
V
40% {%
27% V
;{1*5I%V58{/'-"-V
74
73A
35'A "%
110%
,
*103
21%
21%/
r*l42% 145
;
*124%
130
35
35%
56
14
50
B
Continental Diamond Fibre.
6-600
•
35 V ■; 35
/
1063A
{" '27%
273/4
*124ya
35
35%
35%
V,
29%
{43%;;./44:VvV
44% {•;
J *99
100% V
993/4
.74
8
27y2
130
*124%
,
74%
77/a
8
7%.
145/.,
74
74%
.
*148
160
547s
21%
21%
*142ya
145
•
26%
*106
56
56
22%.
21%
*141 Ve
-
55
28% {
993A
35%
106%
'
55
39
44 y8
;
50 »/8 Nov
Mar 27
6,300
52
-
*117
40% V
*109%
40%
571/4
108%
108%:/
tt3'4
46%
V{"'"
-
52
29%
108%
39/4
*148
/„
Mar 26
31
100
,/;V ;
108 V*
56%
115 A 117/..//
253A
101
35%t
35%/
.>
Dec
,31
3.30
1,500
i 32
32
*37% is.38%
513A
51%
'"-VM-'
:
•
:
45V- ^ V
*993/4
101
*98
160
*148
160
*148
,
:/?
110
110
39% ?%
25% 'V
39 %
;
1193/4 V
46
{
1097/s V
109%
„
403/8
*39%
{.'VV'
38%
58
57%.
29 %
108
108
*115
120
46%
46
46%
46%
110
*116%
52
29%
V
/•
W
59
51%
;v
.
293/4 V'
108
108
120%
*118%
>
52%
59
59 y2
108
108
*44
58%
52 %
58%
Dec
27%
$5.50 preferred
3,200
■
;
67/a
391/4
*107
•38%,
;;;
-V
11%
39%
•
'
,
V':'32 V'V-32
32
32
*38 y4
•
•
Dec
30
Jan
Continental Can
>V';;:,V'{:20
66%
200
*198 y2
V11%
11%
6%
393A
1073/8
109%
29 %
Jan
13
.
4,400
383A
39%
393/4
Jan
12%
20
-
,
540
108i%
65%
67
11%
6%",
61/2
33
39
V
6%
I!3/*
20,r
4b«/4 Jun
Continental Baking Co.
5,500
V;
36
*107%
v
199%
xl99
11%
11%
11%
11%
X66I/4
671/4
200
199
19
46% Jun
2
$125
10
63
35
>>.
109
108
109
23%
63
35%
35
36%
36
68'A
40
V;
'
23y4
"V,
50% Jun
2
Consol Laundries CorpV.
Consolidated Natural Gas...
240
63%
200
*198
11%
11%
52%
23%
109:
67
:
200
{
*52%
V /
23%
Deo
23
1,200
521/4
Sep
116
Feb
Jan
1,400
VV
109®%
25% Jan
Continental Steel Corp.
17%
38
281/4 Jan
Continental Oil of Del.
17%
Deo
25% Apr
28
6
17%
54%
115
24
54%
6
100
2.50
100
27 " V
50% Dec
Aug 24
26% Apr
273/s
52%
2
100
1st,
5,100
■
Jun
33%
Jan
100
20,900 \ / Continental
y.
67%
23%
8
preferred
Ooutlicru
00
non-cura
V;1,600 V Continental Insurance—_—...j
40%;
146% July
31
108% Jan
17 y8
521/4
V
62%
36%
*107 Mi
V
67
66'A
*198
18
Dec
Dec
20
265/a
54%
49
106
Container Corp
*533/4
27
40%
2
9
3,000
185/8
Feb
"!
per share
10
Consolidated Vultee Aircraft
100
38 3A
Highest
$
591/a July
24
No par
Consol RR of Cuba 6 % pfd——100
Consumers Pow $4.50 pfd
.No par
Y> *40
V:'V 263/4
>, *54 -
*39
?«,.41 ;,-.vV
{, 52%
55%
38%
18%
34% Jan
.___/Vo par
,
200
..
share
,111
Jan
5,300
\
153/4
■>■>; 55
{» 18%
55%
J
453A
15%
•;
39
231/4
36 %
36%
,15%
63'A
23
*62%
109
151/4
111 v
'
101% Oct
180.
|v i
v *101%
';r
per
Nov
18% Dec
4,300
110
$
Oct
72
1
700
> *107%
fry;. 45%
45'A
.
/:111
17%
*533/4
•
44%
;lll
■
38%
*17%
523/4
36 JA
V
31'/a Feb
;
par
par
Eleo
No par
6%,preferred series A
;
—.100
5^- oreferred
„10O
Columbian Carbon Co. (new)_No par
Columbia Pictures New
r„;
$2.75 preferred—
.No par
Commercial Credit
10
1
j
$3.60 preferred _—_.r———100
Commercial Solvents.
*1
No par
Commonwealth & Southern—No par
$6 preferred series
No par
Commonwealth Edison Co
23
Conde Nast Pub Inc
No par
Congoleum-Nalrn Inc_——No par
Consolidated Cigar
__.__No par
Consol Coppermmes Corp.
—5
{ Consol Edison of N Y
—No par
; V
$5 preferred.—
No par
13,000
V;
-
14%
,14%
V
110
No
Columbia Gas &
1,600
37
183
23
Qiasf
1,500
V
441/4
37.
Year 1944
share
Nov
4%
400
113
112%
y
31
per
14
v/uiurauw
.
16,500
37
*36
42%
18% :v
: 27
17%
52%
32%
39% V
38%
.
54%
17%
63
V
325/a
56 V;^;. V/54%;
"I 55%
/> 18
'28 vh
27%
*53%
23%
V
43%
31%
*108
110
■•i> 441/2
45
/110% 110%
iv 15%
161/4
'-.ph.rf:
Ill
56%
23%
183/4
43
,
42
*108
;iVV 1,100
31%
,
10,700
!: { 22,000
'< 18%
/
200
;
V:
433/4
43
:
1131/4 V VI131/4 113%
•V38/V,v38;Vr
33
Xl4%
15 y'
15%
38
V
108
» 108
18'A. 183A
.
>>
393/4
18%
63
19%
42%'
>
*52%
108%
44
41
16%
%
33 y4
108y8
,
108
/ 1131/4
16
28
32%
331/4
/
36%
16
28%
6%
> >32%
2,900
42%
6%
36
44%
44%
*109
41
421/4
63/4
37
,15%
109%
34 <K>
34%
42 3/4
6%
37
■.
V;V:. 2,000
42%
331/4
40 3A
12,600
451/4
«
34%
33%
a
3,200
34%
-
45
.-V'
6 3A
32
38%
,1
» '34
34
.
171,100
/:
-
>
35%,?
.43%
113%
;
45
•••..
V.
38
,
125
19,500
•
3
,123%
44 y4
4,400
200
241/4
23%
•; 343/8
43%
800
/V
\
117%
V * 2%
,
33%
1-38%
110/
19
3
/ ';
■
124
34
44
33
%
19
2%
...
123
44
6%
v
243/a
34% ;
•
34%
43'A
39
111
3
123%
*43 y4
.:
23%
25
48
47%
*115
li7
117
110
,
53%
*52%
47%,
47'A
47%
••{•
53%
*52%.
53
119%
108
423A
V 15%
39%
2,500
123
108
15%
*39
273A
2%
3
x56%
V
27%
44%
38%
16
28 V
34
15%
44%
27%
.{,42 3/4
38%
*108
28
24%
*113%
114
*109
1,300
41%
35%
*37
40%
39%
113 V*
39%
34 Mi
33
33%
*37% { 39*
.
1051/2
391/4
*117
19
v
43%;
33 %
105%
39%
52%
.
122%.
108
19
19"
■:.V 43%
106%
*43%
•
1,900
39%
{'■> 47%
V'6%
6%
V: 32%
33%
108%
50,600
1093/4
.
*105%
41%
34%
;
10
93/4
109
May
59% Dec
$
110
500
40
33%.
V
v::7
xl08%
■■
122
43
share
4% non-cum 2nd preferred
Columbia Br'Q Syi» Luc ci A
10
43
par
—
130
per
Lowest
__ioo
310
44
par
No
$
Highest
.
Colo Fuel & Iron Corp new—No par
Vy'V;
27%
'
.
■{■;
/
•
40
25%
2 %
Vvv2%\V3VV
1V
"
118%
*117
120
*117
106%
,
35
110
1093/4
;
40
38
A
_No
Ooihna <» Alkman
5%
conv
preferred
8,600
V
*43
10%
9%
109%
i"'
40
26%
26
10%
*105%
105%
40
*51%"
48
10
109
39%
44
38%
v!:
(The)
$3.50 prelerred
60
1,300
44
*43
44
r
;
Co
wuiHttte-ir'aimonve-Peet
V—.
•
35-..:.;
45%
Range for Previous
Range for Year 1945
Lowest
Coca-Cola International Corp No par
20
1,300
37
{■,:
V
Class
550
1,200
17
*38
37
35
.
44%
44%
44%
'
Vv/v
115
16%
37%
36%
U 35
109%
109%
109
*105%
•
Y
36 V
*34%:
10%
36
*34%
38
37%
V
45 %
37%
40
*38
39
Coca-Cola
800
48%
*113
■
Par
___
*47%
V
17%
16%
17%
16%.
;
■
*453/8
45%
*1051/2, 107
115
*113
115
*113
V
39%
38%
*33
.
46%
46
..
04
63%
V
107
•
115
17%
17%
40
46%
•
181
*1185
*105%
107
45%
V
63%
63
*1185
STOCKS
•.
NEW YORK STOCK
'./EXCHANGE
t
'Shares
share
per
*177
181
46'A
*105%
i
$
,
the Week-,
Jan. 4
{>;,
■
Sales for
Friday
•
.
share
per
180
—
46
46%
*113
115
62%
106
S
181%
63%
181%
46%
Jan. 3
;■{//,
share
per
*1185
•
—
45%
47%
*46 Va
*113
$
per share
62%
106
:
Jan. 2;•
.
?<;
182
*ll»i
*
45 %
.
$
share
*180%
62%
182 V
180
*1185
Jan. 1
Dec. 31:
$ per
Thursday
Wednesday
Tuesday
Monday
f
HIGH BALK rtUCJBh
AND
LOW
,{
Dtardt;
Monday, January 7, 1946
Jun
>19% Nov
114% May
11
21Va
Apr
127
28%
{
Nov
Dec
D
*112y2
44 »A
443A
44 V*
39
32 V*
313A
447/a
45
44%
"
14
29
29
:
*42%
44
40%
-
Deere
■-
,.
;^ir'
V'
•
1' V
|
Delaware
N
DetJOlt
3,000
{/ 28%
V7 %-1,
■
40%
403A
41
43%
*43
*43%
30%
'V
30%
.40%
:
s 100
30%
93%
90%
*106%
54%
54 ya
54%
53 3A
53%
53%
27
26%
27
26%
25%
26
26%
27
26
263/4
26%
25%
26%
97
99
97 3A
98%
94%
q-i
93
*1587/s
♦160
117
29%
•
117
29%
30
*48%
163
*112%
'
162
*113
,
f
47
160%
160'/a
*114
297/a
*113 Mr
29%.
29%
Diamond
Of,
■;
Distil
Dixie
1,100
430 :
2,700
3,400
700
100
29%
Dow
6,300
Dunhlll
*30%
31%
*30 y4
32
30%
*30%
31%
300
Dupian
186 y4
187
185%
183%
185
>
2,700
*i28y8
129
129%
129%
129%
300
114%
115
115
114
114
20%
20%
117%
32
*226
228
•191
*30y4
193
2261/2
:
20%
20%
20%
20%
J19 %
115%
30'/V30%
30%
119
118
117
119
*29 Ya
32
226%
I; , 224
{ > *191
*191
193
*63
64%
63
63
64
*53%
55%
53 y4
53%
52%
224
193
-
*353A
109%
*108
353A
35%
34
»niy8
111%,
i2y8
12%
*108
36%
1113A N/
12%
68
67
21%
21%
21%
6%
footnotes
63A
see
page
$4.50
;{
30
109 ya
6%
cum
Co
.9
preferred
Eaton Manufacturing Co
4
'A %
preferred
34%
37%
2,700
111%
20
4 y2 %
11%
113A
6,000
Elastic
68
69
69%
1,700
Electric
Auto-Lite
21%
20%
21%
3,400
Electric
Boat
6%
6%
6%
5,500
Elec St Mus Ind
Ekco
Products
•.
Stop Nut Co
Decf
109
»
9
95
Apr
Dec
29
15 V*
Jan
20aA
56
Dec
6
433/4
Jan
49
Nov
29% Oct
10
27%
July
.29 Ms Nov
11
13
Dec
r
Aug
31
113
8M1
117
Mar
6
11%
14% Nov
Apr
Felt
20 y4
Dec
Fell
162%
Jun
123%
Jun
128%
Dec
113
Dei
120%
Jan
'
21% Dec
8
10%
Dec
3
33
-35% Nov
5
134
Fib
14% July
41
Jin
25%. Deo
157
12
Aj >r
6%
'
F».b
"
JS'.n
July-30
239
Dec
Jan
6
200
Jun
2
175
Jan
22
66M2 Oct
2
41
15
56
Dec
26
109 Va Dec
178
Dec
Dec
12
49
21% Jan
Sep
17
5
24
July 24
106
Aug 27
8M2 May
39 Mb Dec
112
Dec
Jitn
163A Mxy
195
1
Sep
52
Dec
24 Ma
Deo
7.
1
3
13
Dec
Dec
6
8M4
27
42% Jan
20
71
14
Jan
20
24 % Dec
3
4% Aug
±r
Jan
113
6
104
72 Ma: Nov
106% Jaa,
1
22
Sep
131
Feb;
22
May
Dec
May
Apr
1143/4
129
26
105
25
5
Am shares
•47
Oct 20
33% Jun
"
21 Ma
15
100 % Dec
:
9
18 M4 Jan
Feb
Mar
3
(The)
*
X27%
29
17% July
38% Dec
50
137
185
.1
Sep
9
.100
;
—.l—
Dec
42
10
170
—100
w.V
Co
preferred
35%
10
pat
Edison Bros Stores Inc common—2
Jun
38 «/4 Mar
> 13% Jan
192 % Oct
100
—4
—.No
28%
7
2
Jan
Kodak
Oct
Jan
13
Stainless Steel Corp
Dec
65
34 V* Dec
39% Jan
I
9% Mar
>21%
125% Jan
Co.
Oct
Dec
Feb
.30Va Dec
Oct
Airlines inc
Jan
20'A Aug 24
par
113
Eastman
600
6
17
37%
Jan
Mar21
12
ltt pfd—300
Eastern
1,000
No
Apr
111% Dec
Jun"
18%
3
115
1
36%
i 223/4 July
52
-4
2
100
>; 5%
Dec
110% Jan
50c
Jan
Nov
.,98
■
17 Ma
>
35
.No pat
27
v'45%
Apr
Jan
48
>
4
(EI) & Co
20
preferred—.
—No par
Duquesne Light 0%
45% Nov
,
122% Jan
155
600
643A
Mar 26
Apr
17%
28
par
No
common
87.
65
36%
11
167 Ma Dec
:
6%
22
2
preferred-
111%
/——67a/4
22% Jan
.
Du P de Nemours
aaoiern
51%
*108
2
No par
No par
Corp.;
Eagle-Picher
64 3/4
36
Jan
International.
300
51%
109%
conv
3,000
225
192 Va
3%#>
2,400
30JA
64
*llli/a/TM%
11%
12%
67%
For
240
-
21%
67 Va
6%
192%
20%
V
523A
1
109%
*108
*111
*220
/ 300
118
18
$4 preferred series A
Dresser Industries
1,505
; 20%
Mar 20
V V
26%
113
.
47
Oct
5
Sep
29 % Dec
{
25
par
S
Apr
41V8
32 Mi
25
75
22
par
A
Chemical Co
25%
114%
Jan
Jan
17% Mar.26
Douglas Aircraft
263A
*114
38
105
No
Cup Co common-
27
Ya
par
r
117 V
16% Jun
2
_No
Doehler-Jarvls Corp
Dome Mines Lid
V 7,800
4
16% Jan
113 Ma
Jan
:
18
25% Dec
Aug 20
40% Jan
Oct
Dec
21%
.
12
57y2Jun
19
100
No
preferred-
Class
33
par
29
2
Corp-Seagr's Ltd—
V ,5%
113
*111%
No
preferred-
ioy4
{ 209 V3
5
33% Dec
25% Dec 21
12.50
new
Match
partlc
27
112
A
Diamond T Motor Car Co
108%
160 V*
47% May
•7% Mar.29
..50
—
& 'Raynolds
: Devoe
V47%
■
?
2
113
1297A-
——100
Western
13% Nov
«iun
{: 40% Dec 12
31
27 y4
*128y8
34%, Jan
i3%
.
!
34% Aug 22
22
Aug 21
Jan
113%
186
2
9
Jan
*26%
183 7/b
27
Jan
39% Mar 29
10
Edison
*111%
'
Dec
493A Nov
108% Sep 13
21
9,900
89 '/8
*53%
3
67
1,500
*106»/8
96
&
29
114
OV4 Jaa
29
Dec
20
500
-44%
108%
49%
*106
/
Lack
Dec
Dec
28
'Detroit Hillsdale & B W RR CO-100
*72'/2
?
z■
,
No par
lAx..—i^^'A-20'.
I
■■■
28
28
33
Delaware & Hudson.—
5,200
323A
931/4
98
50
Co.
pfd
Deisel-Wemmer-Gllbert
4,000
43%
108 yrr
-
50
?
13,400
26%
•
£
800
13%
49i/a
85 3A
*106
&
Preferred
100
V
441/4
*31%
'
32%
Pow & Lt 4%v#
Records Inc—
Dayton
12
29 {
6
io'A Jan
,xiic,
Decca
25y8
ik.
**•>% -Tan
27% Dec
unemicbi
451/2
32%
^
28 7/b
.
Oorp
V New {.
400
3,000
.
44%
,43%
45%
78
24
*38
y*
32%
14
28%
,
40%
*40
*31%
44%
23%
stores
D""*oa
114
'
45
25 ya
*72%
78
*72%
2b */4
ni2%
133/4
25 Vb
24%
24%
«4w>72
'
114
25
;//;■
133A
25
24%
24%
„
2O'/4
39
*38
*38
,
45%
45
44 3A
*31
,
25V4
:
II
24%
24%
443A
200
■.^
7
73i Dec
3
,
Dec
15 Mi
Sep
37 Ma
Jan
453A
Aug
10
Apr
153A
Dec
Jan
6%
Oct
3%
Volume
Number 4453
163
THE COMMERCIAL & FINANCIAL CHRONICLE
NfcW
STOCK
YOKK.
KtCOKD
LOW AND HIQM SALS PRICES
Saturday
Monday
.
r,
$
'■
pet shaft
17Tb-
Y
18
13<s "/4
27%
:
':
28
•
*75%
*104% 105
VY
80%
106
,
106
,
27%
24%
24:%
"75':'•
*73'.
.
■'1
106
106
106
47%
28%
X
■
51%
47%'
277/«-
■76%;; 76%:
iiU;,'-Vv' ■;;■—
;
34%
33%
>Y' '165*
Y
33%
r«4
*105
106
'*105 % .107
;
.V:
■
13
85%
-
'
105%
-'i
•
*63
" S'/a"
-
24%
85
83%
96
*91 y8
84 >/2
•
Y;7
Y
24
58
58
63
1^77'»7
:
68 Yv
^
•
•**■»*,
108
63'A
■
•;
>.
.-•>5
"
68
■
111
;;X
■■■■•■/ ;■:•'■
35%
i
62 Ya
16%
17%
*40%
41%
x66 vY
51
■t'4
*1103A
163A
'
*11%
11%
11Y4
i*68%
34%
39
*2/%
28 Yv
:>:27
11%
,
74
39%
40%
VV 27
146 i:
35%
y
26
;;;
t
86
:
13%
;..
V
.
Y'
11
Y'YY
Y;YV.'- gmJe- !i<-yr
•
■
<
;Y
—
Y
■V *4.**
.
Y;Y*^i f_
56
YYUNJ''
56
35
353/4
;*'{•*.Ifil i'-Vv.'"' 7Y
79
79
Y^i-i
110 v,'Y
108
61%
Y-
;>'■ y'Y •;
*182
'
171
'
47
:
■
25%
Vv 33
;
■;;;171
YY *47%
*77
49
.75% :Y75%Y
•••■
21%
■
•
34
34 YV
41
~8%
Y;yy
30% Y 30%
*30
127
.
40
40
•
38%
*107
.
'•
107
22%
22%
104%
*104%
•
-
-
7
38%
•v
*150% 153%
37%
37%
71%
-
3
20 Va
31%
*33%
•
105
363A
1
17
'
71%
.
71 Vi
*79
81
33
33 Ya
70
;
81
:
108
53
53
11%
*98
24%
■
11 Ya.
For
;
S
195/a
*107
35
:
"19%
32%
~32
y
'•
•
Y
"
footnotes
80/
32%
.:
'
\
Y
.
¥.
•*
mU
mJP-■ 4-
.
'li ' *107
>'•
■!- ■''mrJt
j
11%
98%
23%
'.
603/4
T72 Ya
61
see
Deo
Dec
Dec
14Y«
Jan
5
26'A Dec
31
14%
Jan
17 Ya
Dec
110% Oct
17
2
65
17
33Y«
4
36% NOV 28
Jan
Nov
105
Jan
100
Nov
24
pec
19%
Apr
17
Apr
5
Jan
lOYa Aug
Jan
32
108
Dec
.
22
18
23
59 Y4 Dec
22
107% Apr
93
Jan
343/a Nov
17
Jan
277/a Aug
63 Y2 Dec
45
Jan
53%i
383A
Feb
1033A
Apr
Jan
Jan
107
2
,
70% Nov
,
110 Va Mar
16
383/4 Dec 10
lllYa Nov 20
Jan
60
13
35%
Oct
Oct
53
Jan
26 Ya ,Jun
34%
Jan
42 Ya
Dec
24Ya
Dec
33%
Dec
■,
/
113
60
-'f
'
8,800
300
593/8
5,700
108
1,000
37'A
2,200
*54%; ,56
6%
63/4
4,000
153
:s
30
36
*152
;
2,000
36
70
.
v
59
103%
•; 593/4
*111
112%
■
-
;
lli/a
100,800
12%
11%
.
1,600
.
333/4
333/4
1,100
\19%
19 3/4
19%
3,300
33
100
-.^VY'V-^^:/
t
.
■"
'■■&,.•
103
99
-
23%
23%
22%
Gen
32
110
Gillette
12
!
1
Safety Razor—
Glidaen
4% %
Co.
.
(The>
conv
:
31
50
'■/
23 Ya
•
23
:
4
19% NOV
13
29% Nov
28 3A Dee
8
15 Ya
86
Dec
12
62 Ya
14% Dec
10
4%
Jan
19
10%
58
109% Dec
,185 % Dec
(W
T)
87.
•
'.L
■•■; -Yi.'''■'■'•'
y
6^'b
74
61 y8
■
"
.
72
603/a
■72%
60 3/4
"
-
r
!
72
Great
60
'
601/2
600
7,800
Oct 16
35"
40
Nov
43 Y4 July
Mar
134% Nov
May
10
(H
L)
130
Aircraft Corn
-
$5
Gulf
preferred
Oil
No
par
Corp——2$
29 Ya
.153
40%
11
Oct
8 Ye Dec
7
Jan
Dec
Dec
July
Dec
Dec
July
Apr
July
May
Mar
31%
124
4*A
3Y4 Nov
Dec
Nov
Oct
10
^ 19%
Apr
> 25% July
22
14Ya
Jan
;. 193/4
3
74%
110aA
22 Ya
Sep
Jan
27
Dec
19
Jan
31Ya
Dec
19%
Feb*
Y
2*6Ya
Dec
Jan
Y
18 %
Dec
7
10
*
Nov
Dec
Mar 12
11J
Dec
11
111% Dec
31
46
26Y4 Dec
-
7%
4
105 Ya Dec
69
26
104 Ya Dec 31
39
Oct 17
90 y4
Dec
Jan
22 Ya
Deo
15 V*
12
Jan
25%
Deo
••'
Apr
52
Aug
2%
Jan
45
May 16
7% Oct 18 *"•
57
165 Va Jan
Jan
11%
8
63 V2 Dec
2
4
2
175.
Jan
85%
.
4VaMay
Dec
Nov
28
74% Oct
18
40
""Feb
105 y4 Mar
6
98
Jan
36%
Feb
51%
Deo
104 V4
Jan
112V8
Jun
8%
Jan
17 V4
40
1
2?
20
27
19
26
18
Nov 13 *
63 3A Oct
115
Dec
39
.
6
123/a Aug 27
7% Nov 28
33% Dec
iy4
Jan
3Y4
■
■
Jan
543/8
Jun
■104% 'Nov
'
7
Y'
Oct
Aug
5'A July
19 V4
15Y4 May
22
Dec
9Ya
Feb
16
2
4
14 Ye
Dec
17%
Nov:
7 ».r
2o '/a.. Jan
49 Ya
Deo
21 Ya Dee
4 '
33 Ye Dec
4
109 Va Nov
21Va Dec
653A Nov
July
■
.
Oct
10
86
Dec
10
X35
Dec
7
75
■
143 Y*
May 25
175
,
30.
Dec
Feb
163 ;
Nor;
May
67
•24%-Jan
39% NOV 28
2
,
57
•
55%
Dec
Feb
24 y4
July
Dec
105%
Dec
Apr
32 y4
Dec
19 Va
105%
11
8
Dec
8
30 Ya Jun
26
~ey4
Jan
Jnn
14
33
Jan
61 Ya Dec
26
42 V4
Sep
100
;
•
82
.
'
6% Aug
3Ya. Apr
'12% Dec
l43/a Mar 27
Feb
43Y4-Feb
•
108% Mar 13;
6
55 Ya Dec
5lA Mar 26
32
Oct 18
58
Jan 23
:: 49% Jan
6
Apr
Apr
Dec
38% Dec
104v4 Jan. 12
28 Ys Jan 24
/
2 »A July
Apr
112
Oct
Jun
Dec
44% Nov
8
2
233/4
34
6.4
Jan 20
52 Y4 Jan 25.
22% Jan.
1V4
19Ya
.
July
13 Ya July
31
,
2
Sep 18
Sep 18
Jan
2
Aug 20
66
130%
Jan
4Ya Jan
18Ya Apr,
133 Y, Dec
,
Jun 15
28% Jan
•
;
5
1613A Mar 16
'
125%
6
10
140
'
51Y4 Feb
6
253/4
105
14%
46
'
,
128
3
,
1
Sugar common.
-1
$5 conv preferred ———No par
Gulf Mobile & Ohio RR-L.-No par
Mar
Dec
36 V* Dec
-
100
—
v
23
,
75/a Dec
107
,
124
'
'
6
46% Dec
26
-
pfd—No par,
preferred
8
2
Jan 23
Jan 22
99
Mar 29
253/a Mar 29
27%'Aug 21
Greyhound Corp (The).^.— No par
4% %
12
NOV
3
>105% Nov;
'
140
May 31
7% July
22 Ya
52% Aug 29
...
Co Inc——1
.
56
3
16
Jan
21
19
•
•
\
Bay & West RR—100 ;
Green
;
10
Guantanamo
.
Jan
Apr
Feb
Feb
:
14
Western Sugar—l—No pat
400
.,
8IY4
25 y4
49YaSep
123
Feb 10
3% Jan
3
Preferred ———-i——-100
5,ooo
•72
<
25
172
'
*12 V2
.
29
36
l7/s Jan
J_5
Dec
Jan
Jan
225/8 Jan
100
19 Ya
Jan
Nov
38 y4 Nov
13Ya Mar 27
90
Mar 9
par;>/-•; 21 /' Jan 23
par
96
Sep
6
Prop ...No, par
161
4%
Mar
52Y2 Jan
V ''; 33A Jan
Co.
Iron: Ore
6Y4
Oct
9% July
Jan
11%
22
25 Y4 Jan
preierred
Nor
54 Y4
Apr
Feb
15
Dec
...
*•>/*%
7Y*
143
145% Oct
1
; /
58/8 Jan
2
Granby Consol M S & P
3
4s/8 Jan
2
Grand Union Co—;■—........No par. >
-18% Jan
3
Granite City 8teel__—
.No par
14 Ya Jan 23
Grant
Dec
10
Dec
77 Ya Dec
Jan
—;—50
Graham-Paige Motors
16 Ya
15
134
—__—No par
preferred^
Dec
58%.Deo
-
Feb
27 Ya Dec
28% Jan 24
;
41%
6
11*
123
125
,
23Ya
13% Feb
Jan
29
14 Ya Dec
Aug 20
;
,
Dec
11
6l'/a Dec
Jan 31
62
/.
Jun
Nov
7%
51
24 y4 Dec
.
18 y#
66
10
15
Jan
43 Y4 Aug 23
•
; 18 Va Dec
Oct
2
July
5Y» July
17Y« Dec
Sep
6
114% Oct 25
'
36% JuiyH
7
;
Jan
16Ya Dec
9
127
,
Sep
Dec
135
i-
12%
.
6
par
par
12
10% Dec
6
,
Grumman
9,000
12'A Dec
Dec
Dec
26
22
•
•
.
2
Dec
Jan
Feb
7,700
237/s
Jan
36
July 27
.12
102
■
Jan
2%
6Y2 Jan
May
51 Ya Nov
26
1Telegraph Co.—100
147 Yi
—10,'25 Va
Goodrich Co (B F)„
—No par ■
53
$5 preferred..._.'u____L_—-No par
102
Goodyear Tire & Rubs
.No par
48
■'/• $5 convertible preferred
No par
> 107%
Gotham Hosiery.
—No por
12 Y2
103
11%
■
100 Ya
2%
Dec
Gold & Stock
11,500
'•>.
Jan
Goodall-Sanford Inc
i,3oo
32
Jan
30%
/■.y::49'
tGoebel Brewing Co___'.__
40
110'
48%
5
.--100
conv
Green
;
79
..—100
No
preferred—.—No
Gimbel. Brothers_.L^LL^——No
$4.50 preferred
—No
$5
71%
.
•
*107
'
51
:
70
7
146
5
15
par
Co—.-
preferred
4% %
Great Northern Ry 6%
3,600
9
Jan
Dec
.No par
4V* % preferred—..
General Tire & Rubber
->
7,800
V
17 Ya
/ 12 Ya Jan 22
104% Apr 18
.
5
Corp..—.1
Gen Steel Cast 86 preferred—No par
General Telephone Corp——..20
Gen Time Instrument Corp_.No par
58%
v
Jan
80% Dec
....lOo
57%
33
13Ya
40% NOV
Railway Signal—
587/a
173
31
27
2
General Shoe
100
'
■
No
preferred.
Great
173
Dec
58
preferred -™-l—:
;—100
conv pref erred™.,....100
General Motors Corp
—^1U
6,700
:t'";32%'
Apr 10
Mar
9
51% Nov 26
23
tfan
2
'
5 %
173/8
33
25 Ya
--S
17
173
Jan
-7Y2 Jan-
General Mills common.^—LNo par
2,700
109
'*1071/2
20
66Ya Feb
.^....100
173/8
79
48%
6y8;
63/4
*68
*107-
300
11
•
6%
8IY2
31 %
r*4
4,100
:
600
•71 Ya
52
2,600
'■•: 800
...
34%
327/a
■
;
341/2"
.
80
■
70
1021/z
-
*68
81
33
110:
71
7
•
100
36aA
43 Vi Dec
—
100
1,900
24
14 Yi Apr
,'•
General Refractories.........No par
1,900
:
1
41%
24
Jan
.
163A Mar
Investors...1
No par
> 6% preferred
—
100
Gen Realty & Utilities—..—lOc
310
Dec
Jan
'29
4'% Jan
'
Public Service
3,000
69
Jan
16
Gen
"
NOV
Jan
16
-
.
■
Precision Equip Corp
200
16
53%
8
...
$5
; IDA May
5
44 Va Dec
8% Jan
2
$8 pref err ed
...
_..N 0 par •; 160% Jan/2
General Bronze Corp
9
■ .''-17 V4 Jan
2
General Cable Corp
^..^.No par
6
Mar 21
Class
:...No par
19
Jan 22
'•
7 % cum preferred..-™.
...100
1143A Jan 22
General Cigar Inc.
^
No par
27Ya Mar 20
7% prefer red™......
100 : • 153
Oct 17
General Electric Co^.—....No par
37 Ya Jan 24
General Foods Corp..
No par
40
Feb
1
•
29
8Ya July
583A Mar
80% Jun
35
..._50
General Baking
43% Aug
35 Vi Dec
34
»
TraiispoiTation.Li,
Auiei
5% May
26
13
118
>
$4.50 preferred
Geu
10
Jun
14
"
2,800
125 'r::
110
?
Araer
!'..•
■
133/a Dec
25
xo
preferred_l—
6
25
;
(The) ci A_.^_.No par
(Robert)
_•
...1
conv
75
Aug
44
59 Ys Aug 20
Corp.....
Wood Industries Inc.
24
15% Jan
Gen
y
38%
-•-••
47%'jan
Dec
Jun
57 Y»
3-
Dec
44
Dec
NOV
18% May
10
183/a Dec
30 Y4 Feb
2
6Y4 Mar 20
Dec
109
-
4
1634 Dec
:
22 Ya
26
2
July 20
41
•
10
Co
Aug
27%
427/a Dec
32 V2 Nov
5
28 Y4 Jan
-
Outdoor Adv common—No par;
'
Y
•'YY
'
61 Va
page
;
515/a
; h3A
■'
24
72%
71%
*68
108
H3A
Dec
."
44%
..1
9,300
40
*103%
109
^32%
; '•■•173
*172% rn 3,4
-
.
52%
Dec
6%
53 Y2 Mar 26
Gen
1,400
29%
23
/
;
333/4
:
.*■
57%'
33 Ya¬
.
-
*107
yy-n-y-
59
33 Va
.
17Ya
47%
Jan
50
2,400
105
11%
'33%
20% i
,io9',;;,:/
,
>
2,400
29%
''i
*1023A
34%;
6%
58 3/8
81
;
Apr
Jan
2%
47%
:
1,800
6%
■"•22%
v
113%
10 y4
17%"
71%
52%
9Ya
21%
7
2
2i3/4 July 24
preferred
Gen
400
.
1
7%
113
112%
7
173/9
33%
•
8
17
9 % Dec
10J
Inc
5 % %
24,300
v
~
.40%
591/4
10%
*333,4
313,4
.98%
24 Ya
75
60%
:
.
;
1733/4
323/4*107
Ya.
99%
*73
2,900
,
75%
'
*108
585/a
"
*68
28% Dec
62 Va Nov
Jan
9% Jan
•
"r'3%%
38
v
35%
34%
59%
*172 Ya
,
33 Ya
*107
c'V
■
173%
24
84% Aug
13% Oct
Jan
4Y2% conv preferred™
..50
Gay lord Container Coip_.,-.......«
20
39%
1551/a
^
34%,.
,v',:7 ''
.:
Gar
1,900
;
29%
103% 1031/4
59%
17%
59
33 %
.
48%
:
125
63A
35%
•
.*8**113% 114%
107%
•"
Apr
Jan
Corp
_.^....__10
preferred—
...100
Rnlnhnr
Co
$3
Y 4,100
*29
"■V
56
63/8
*151
103% 1033/4
'/'*34
:
'
•: 103/a
'
.
20
31%
Feb
6%
23'A Jan
prelerred_.i_____w_™_™20
•Oamewell Co (,The)_LiL—Ao par
Oardner-Denver Co.l—w
No par
•2,100
Y
53%
7%
>37
'*54%;
:V'"'
36%
r
59%
.32
107%
Jan
78%
1
Jan
6%
17,500
59%
58%
7
.
71%
:
V
34%
19%
'■
107%
17%
■'.
...
42
223A
105
155%
-36
tyt
■'
39%
Com__lLNo
Machinery Corp....
Oalr
YY 900
74%
41%
103:
103
105
*152
104
7%
*68
-Y
'
-
■
10%
*172
25Ya
47%
6
115
22%
22%
60 y8
; 105
;;r:
•7%
33%
2,100
,
110
.40%
103
59
60%
'
46%
19
9Ya
Steel
conv
Oaorlel Co
•'•■■
v/;:;; xi28 128 Va
21 v'iv
;;;; 21
365/b
35%
4oy4
38'A
*111%
115
22%
100
r,
135
:>;-■
126
110
;
42%
56
♦113% 114%
35
34%
59% •59%
.
110
42%
38
103/8
17%
'
133/4-;
v
123
*140
373/4
6%
7%
*107
:
38%
Km;S'56v;';
10%
31%.
186 Va
*133
~7%
39%
103
v
71%
60
Dec
28
104
Mar 28
253A Jan
2
Fruehauf Trailer Co New
12%'Yv-Yv Y 5,000
*118%
6
"
33%
12 3A ;
42%
125%
*111%
153%
*103%
.
■70
Dec
21%
prior preferred
25
Francisco Sugar Co__—™_-No par
F'k 11 Simon & Co Inc 7 % pfd_..100
16,500
;
.
1
35%.
20%
v
•
29
29%
•29s/a .30 H
&
397/a
/i:;;; 37%
37
Dec
11
6%
800
v
47 Y
i.
,
126%
56
7%
-
,
y;
71%
*113% 114%
10%
30
;*107
36 3/4
60%
*35
30%
38'A
153%
V
v
1'03%
60%
5%
8,900
•:
18
•
:;'■:.'48
35y2
7%
38
t;
;
,
-m ■'■■1
52'>
103%
*140
39 V*
22%;,
105
Dec
Dec
14
17
100
Co
Foilansbee
60
523/4
20%
42%;
-
"8
-75/8
126
111%
*54 y2
Y
•
38%
59% ; 60%'
104
1043/8
56 YY
:(■
7
:
100
Y::Yy^
"•
Y;
129'A
.
5%
42
;::3G%;
42%
*102%
39
*54%
•
35%
*29'/a
107,
-
22%
.
105
*38%
?'■
i
%
111%
60
■
35%
*140
•
413%
115-.;:,v
59%.
.
22
1%
,
Nov
23 Y4 Jan
1,900
<
'
41 %
104%
..
129%
f ;■
■
38%
Apr
9Ya Jan
20 Ya Dec
par
34 Yi- 'V YY-34.%
34% V190
Y \ ; *140 -.Y* 142 Y'YYY'V, V
33 3A -> ;'
33;; - -•r*32%
1,300
172 Y«Ya; *172; Yy 175 '
Y
100
75%
74%
5% $ 6%
-31%
30
Nov
107
%
86
por
:Y 1,100
.
109
T"
•
123
34%
-
55
35%
Y> *184
135
;;
20 VB
41%
*
48%
48%
.
*133
*119
21
• ■
:
•
<•61
53 y4
130
40 v.;
,:-4O;h
38%
I
110 YY
41%
♦in
'
48%
135
■
127
105
Jan
92Ya Jan
20 Ya Dec
20
preferred
(The)
$4 preferred
Y79:;YYY'VY^ ;;;•>.'so
Y:>; *25Va
Y13%
47 3/4
21
■
•
.
89
Deo
92
Fl'^tkntp
1,200
'
46%
527/»
*
'i
13%
172
130
>
.
*126
July 24
109
July 12
4YiNov 14
Jun
17 Va
104
2
First National Stores_.L__.-No
14,400
60%
25%
.
32%
,Y
':
..
.
7%
30
5
108
20 Va Jun
108 Va
Jan
Jan
12
105% Apr
42'A Jan
2,700
7
; Y
13 YYY" vY
17%
52 y4
473/a:
135
41%
30
.
30%
127
■
172
^ *119 '■& 123 !
y
74%' 75%:,
..
*140
8
-
*:
8Y4
87
123/4 Mar 26
.
'
V I39 :'Y 140
33Y*Y
"-A
.
48%
...
-,V
34%
,
™.10
Firestone Tire & Rubber^.
*n>ro(,nort
i? 4,300
*106'/a
6i'Av:
33%
•
46%
i'YYY 6% A:' 6%
41%
*140
•
33
22
34
■
Dec
27
No par
Fidoi Phen Fire Ins N Y.'
1
19 y$
78%
,
-*.77
108 Ya
,413%
>■
24%- vv;:
VY -35%
•
210
YY-
r
'24
■
54 l/a
•
:;
v
18
25%
'
52 Vz
753/4
130 ;
*129%
22%
68ti
101% Jan
6
Juiy lo
423A Jan
■-
..5
Federal Motor TrucK....;
Foster-Wneeler
9'A
Y-V-Y-12%-
*184 Yi: 186 Ya>
Y
139
•
171
-■
48%
75
130 Ye
<#, ' 41%
r,
139
V
' 123 ■;■/:
■
Dec
106
25 Vs Jan
par
Federated Dept Sfres—L-.
No par
4'A %
conv
preferred....—.100
Ferro Enamel Corp....
_i-_..l
Food
4,600
>
•
11%;
:
%
*23 ;
'
•
'
35 Va
O'/a
36
'
Y.YY; 6% $ 6%
/*•■
^v
;
135
..
■
26
v.Y-Y 13 Ya I J37/a
Y,..*33%, 34%
34%.
' ,19
'•:•;
"YY;
:.
103/4
12 3A •.12%
■
■"
!
:;YY
55
60%
186 Ya
26 "'■::•:
«h.'
4
*119
Dec
Jan
Jan
6
preferred.—par
Food Fair Stores Inc
v'Y
146
•:;Y'Y;. 78%'
13 pYYY
*184
.•
•
v
v,* 171
48%
v4 *133
,
37
■
57%
15 y3 Jan
Federal Mlu & Smelt C0..-.-...W.2
A,OU0
-
/
d9%
9% :Y
<80
v
*106%
,
;•:'■
;
yi3%;-
17 3A
_
'
,
*142
49 %
613/4
;;Y?Y-13:.Y;
52
135
No
Federal-Mogul Corp_.
1,300
27s/«
80
36
,
Y
*108% 110 Y
•
51 Va
125 v/Y *.
22%
M\
;Y;
;•>•
47%
*119
;
%
47%
*133
♦129
•;
26%
14
343/4 NOV
22Ya
42 y4 Jan 24
3
Light & TractlonL_..._.15
6,900
-
75
27lA
-
•
«4 '■;•■■'
54%
,
1
-
18 %
17Ya
.
\rjy;— Jif: r#.YV-"Y;.
51%
Y/Y 51%
Y $8
90
•35Va/ '
.Y24%Y YY".24%
12%
:
,;
80
•61 Ya
/
47%
•
17
Feb
Sep
27 3/4
S15
liy2 Jan
Florsneim Shoe class A......NO par
Y 3,100
271/8
10%
80
55 V*.
36 Y/ -36
'ji-ivf'-'jy;
;•
■
?yy.\ 33%
34!:«;
1*138% 139%
33%
*168
j
187
YY;YV14 '■■■;
139%
33%
Federal
'■
26%
-19 Va
X233A
13%
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,61%
.
13
35
139%
>^u*.;;Y:gv
108
61
,
13 :.Y .:. 13%
*185
187
■YY
17% ; 18%
...
107 V* Dec
68 % Jan
.5
7,300
11%
39
:
19
86 ■■•;;•..
55
55%
•
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.0
•
'Y'-'Y.
25
13%
V
■
;■ 23-
.
'24%
r
80
18%
13
86
No par
Florence Stove Co
r
.No por
Florida Power Corp....——7Y2
Y Y :YY 200
68»/a
38 Ya
343A Y35%YYv.
/
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.
vY>v; ^ :
13%
,
19 Va
23
v
,/■
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'
36%
„
■'
146
10%
.'•;■' 9
'
*35
26%
26%
Y;'i;Y 14
.14 Ye
11%
67%
273/4
•
,
49%
.
.
9%
9%
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■
Co
Corp—...
100
;
41
27 Va:
27
35 Ya
.19
*79 Y
61
4,400
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.
'
.
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50
YvYY 11 rY;
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:■;
'
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:
140
39 Y4
27 Va
■'
Ho
,
Y35
:/WL*'';>iY.j
y.25:V,?*
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c.
Dec
Sep 20
Jan :4
5
Fairbanks Morse A Go_.
4% ^
700
;
111
34Ya' -" ■';''•:• 34 3A
74
'.Y'Yi
14 '
•
'
72 Ya
.
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y
25
81
Apr
10
.
12% Jan 12
Pajaruo Sug Co oi Pr Rico
20
Parnsworth Televis'h Cs Rad Coip.l
J.
■371/4
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: 68 Va
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28
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50
19 y*
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18
4,700
,
; ;>'
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ll'/a
Y
68 Va
34% - v-;.v 34
*
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11% ; n%
93/a
9%
9%
55%'
16 Ya
;
*40
68 Ya
74
'
■
28
35'/a
19 Va
25
13%
Y
11%
33 Ya
•
49%.
11%
9%
*19'A
Y *24
75
•1«2
35%
YY> 11%
y4
11%
39%
26
YY
27 Vi pec
16
.■
..50
Cleaner
Products
'
,
50
35%
^
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147
*43%
41
'68%
Y
35%
•
75 ...."'•
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*142
YY 600
"
75%
26
15
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■
69»/a
..
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•39 Y;
yvy
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700
■
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'
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■■
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'
108%;
*1103/4
50
"Y
62
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■';
;Y:Y :■■150
31% ;
36 y4
111
50
>
600
.
io6%
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r;
36 Ya
110%
Y 900
*
31"
61%
55Y4
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.«•
220
,
42%
106%
Y
67% ■>:
25%
112
*30 3/4
108% Y*
353/4
35%
>
600
153/4
16J/a
" ;• 3,400
58% Y59:Y':VY'Y/:
5,500
>:■■ ;■
•
'■ 55Y4
V; ;; 110%
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Evans
3a
18
Exchange Buffet Corp.........2.50
18%
:Y
31
61% 'Y;
*108
55
36%
40'A
Vacuum
Ex-Cell-0
33%-Yvv-"
!
41%
Y
16%
59
613/4
Yv>:
68
:•;•'
31% :.Y
573/4
f
1083A
55
111
*50 Ya
50%
5U%
Eureka.
Dec
Dec
8
Mar 26
No par
100
common™.—
6 % pref eerles A™._
Erie & Puts RR Co
*
114
103%
485/a Oct
103
' ■'■
ocr
600
•V62%-/YY:.
*110 Ya
Y
42
106Y4 106% YY :;
Y 31 'Y 31%
/
31%
■
* *
112
42
*30%
106 Vi
*108
56%
111
'•"•'•:'.■
tiu
Apr
Apr
29% Jan
62
-...100
—
ruwnv
200
9
3,500
7,600
25 Ya •'"25%YY:-Y- Y 3,500
,
.v
1,500
58%
Y 18 Ya
25 Va"
16 3/8 VY"'Y-Y 15 3/4
•59
67%
Y
108^4
*54%
36% ; 36%
/
: 24%
33
183A
*110%
:
31%
62 V2
:
18
,25%
.
43
106%
yy:
■
•Y
110 Ya
Y
V
•■*31 "A
'
68
26
58
>;* 7 ^.;*V
32%
56%
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♦34
14,500
♦61
32% *33%
YY
19%
31%
•Y;.16%
"
32%.
*54%
.
19%
Erie
96
*8%
613A Y 61% Y
63
*42
9
*8%
34
253/4
110%
'>.y'jJ-v-:-Y"
31%
*108 YV 108%
.
500
85%
;
91 '/a
24%
23%
83A
33
63 ,y
26
18,600
58 y4
24
oO
18 y8
81%
78
55 Y4 Nov
..No pat "100% Jan
5
$5 Va preierred.—
-...No par
100s/a Sep 17
.86 nreierred—par
101
Sep 18
lEquuaoie Oixiee Hiag—No pat
1
May 21
30' ■'
10
11
'
20 % Mar 27
.
6V2 July
3% Nov
8
Dec
Dec
21Ya Aug 20
4
iJnonograph____5:
<a
preierTed-.
10,000
.
19 Va
19%
;;;- i8ya
16%
63
19 Ya Dec
'
57%
vY
Highest
I per share
146
S5 preferrea
;
110
'
3%
-
*83
*
18l/«
8 3A
->
-V::■
16 y4
*106%
pur
Co—
jumuWm
4kAi8iact*o
170
107
17%
"
96
18%.
■*£»03A
56%
107 :P-
16%
huuituU
10,200
-106
3Vb
17%'
24
60
42%
bti
Etnerson Haaio
130
33%
106 %
18'A
.8%
31%
share
per
158
34 % Mar 21
Emerson Electric Mig
200
•
106
*105
.
■?
'
107
32%
3%
17
84%
112 yy
31%
:
75
*
"
*91 Va
-
24%
60
8%
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;
2,700
105
108
3Ve
.17%
18%
19%
26 Y„
*110%
•i
24%
hv
,
frtaw Kabuiai1
7,400
106
(
'
.
106
108
108
3%
32%
25%
$ per share
3% Jan 2
"109
Jan; 3
103
Jan
3
43 Y2 Aug 8
pat
,iV<* pat.
.i.—,
Eiccviiv otoiage'Hattery
,'-3100
■
273/4
75
-
106
17J
64 :'Y
19
"■V
.
33
473A
'
24%
'
,
47 V2'
'
9
:; 32%
*52
107
*107
'.
y6
60%
*8'/a
.
*105
■
86
24%
-
*105
17%
18
Year 1944
Lowest
Highest
'
$ per share
preierreu^'—pat
SO preierrea
1,000
,
27
•
$'#'
600
51
■
tighU«-^--No
Electric Power &
2,500
•
*91%
60%
.
;;
*84
.
18%
/Range for Year 1945
J;'; Lowest '■'.
Par
19,700
/
140
51
.
106
j,
32 '/4
8J3%
••
105%'105 Va
' 3%
'
17%
96
18%.
24%
.
v
,
3%
18%
85%
*91%
"
3%
"
109
♦107
3%
•
107
*105%
■:>Y
3J
106
173/4
148% 148%
**139
51%
243/4
.
17%
'
'
33-/8
;
>'
EXCHANGE
Shares
*'
138y2
47%
27%
24%
-
80%
Range for Previous
.NEW-YORK' STOCK
the Week
Jan. 4 ■
per share
t
151%
137.
v
51'/a
('"."v-46
•';
\~ir'
.
28
«7o"/4.,
••
,1
.
18
148'/a
140
Oi%
■
.
c
V;
share
17%
17%
18%
149% 152
*139
''
'
*
27%
$ per
Sales for
Friday
Jan. 8
I per share
>Y.
'
ol%, ol%
46%
46%
28'/a
*20 %
Ihnrsday
'
137
OiVe
STOCKS
Wednesday
Jain % i.'i > ■
..
149
1J7
"
( per share
18
147
'-47; .Y47-YY
^
Jan. 1
y;
share
17%
i
laeiday
81y
'
138;,/4
oi'/e
,,Y
$ per
149V« 149'/tt
,
Deo.;
16Y4 May
•
62%
Dec
50%
Dec
^Monday, January 7, 1946
iTHE COMMERCIAL & FINANCIAL CHRONICLE
RECORD
NEW YORK STOCK
LOW AND
Ratardav
Monday
Dec. 29
Dec. 31
t per share
\
,
I per share
Jan. 1
..
t per share
Jan.3
$ per sk-are
t per share
$ per share
:,
I per share
Shares
39
*36
38
*41 Ma
42%
*33
34%;
*25%
26%
*113
25%
117
*113%
*104
27
*150
160
*150
*40 Ma
41%
13%
13%
*102%
13
34%
*103 Ma
104%
*88
34
"-
34
*1033/4
91
M
1043/4
*88
13 Ms
*182
.
•37
,1,
37%
114%
137 Ma
*135
87%
*86
135
135
137 %
135
a
135
87 Ma
103 Ma
15 Ma
15%
4,100
13 %
14,500
13
124
,
34
126
:
240
34
,.
900
,.,
105
1033/4
: ■
M,. 210
90
4oo
37
*88
/;v
.
900
115 Ma
11434
136 Ma
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'
10
.
87 Ma
136
28
28
33
33%
34
34
'
270
$4
,
conv
1
*28%
29%
32%
32%
;y 28%
32%
*31
31%:
*56
59
M
25
*32
32%
52 Ma
*57
59
24 Ma
24 Ma
25
25
31
51%
53
22
22
*57 '■;/
25 Ma
32%
*313/4
22%
34
59 i/;,
*57%
59
59
31%
24%
32 Va
33
32%
32%
■
••
27 Mi
*323/4
33 Ma
32%
32 Ma
*31 Ma
53
22%
28 Ma
>
32 Ma
32%
.
32 Ma
*58
*24 Ma
28
29%.
27
1,800
V
51%
52 Ma
51%
53
213/4
22%,
22
60 Mi
60 3/4
60
(C E)
300'
60
5,400
Vt?
.
1
10
—
v
41Ms Jan 23
17
Jan
7
17% Jan 15
42 , Jan
2
16M8 Jan 2
8
(A)
Holly Sugar Corp^-—^—No par
12.50 /
Homestake Mining
'
*59
61
Ma
21 Ms
60 Ma
*59
60 Mi
4,900
28%
108
*83
28%
85
M;
1073/4
*83
27%
28%
108
1063/4
1063/i
85
*82%
84 Ma
29 Mi
28 >/a
28%
*105
*105
85
*83
21%
M
21%
20 M4
203/4
193/4
20%
19%
53 Ma
53%
54
54 Ms
54 Mi
53%
53%
8 Mi
9%
8%
M 9 Ma
21%
22%
34 Ma
7%
8
20
34
20 Mi
34 Ma
31
8%.
193/4
34%
%•'
30 %■
V
8%
■;
7%
-M
-21
•
-
23%
343/4
34%
343/a
34
29%
30 Mt
29%
30 Ma
83/4
8%
8 3/l
8%
-.
•
Howe Sound .Co—,
31V4
16,600
9%
16,400
Hupp Motor Car
4;,
32,600
,
21%
5,700
33%
/ -
9
%
34 Ma
5,400
,
——
Manhattan—100
preferred
100
Hud Bay Min & Sm Ltd
No par
Hudson Motor Car—
No par
8%: ::;v, 9
.30
:V
.
$2.25
,•
83/4
;
Hudson &
5%
18%
.
Deo.
juiy
Dec
~8%
110
8 Ma
39%
43%
83/ Z
43%
90 Ma
'
;&}. 92
36%
313/4
M
663/i
*66
*105
106
*142
X31%
106
*145
V--;75%''-'FebT:;
Jan
Mar
89
Jun
134
73
Mar
Juiy
125
Apr
Deo
-—
3
193/4
Feb
20 Mi
Jan
13 Mi
Jan
39
Jan.
13 Mi
26
3
Mar
13%
29
Jan
36 Mi
31 j
13
28 :
Jan
'
,
f
;
.
non-cum
Corp————.1
.
>
*•
144
144
104 Ma
173/4
173/s
*10 Ms
10%
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*51 Mi
52 Mi'
-M
*107 Ms
10734*
■104%
'
20 Mi
30%
42% J^y
66%
141
*167
106 Ma
106
1
—
10 Ml
133/4
13% 5
140
95 Ma
165
'
*87
'
13 %
238
95
,.95
191
M
192
193
192 Mi
•
'My/VM 94%
;
;
237%
10%
51%
13%
237%
•,
-
52'
;*107%
/M 9%,
iof%
13%
13%
236 %
10%,r ,10%;
236 %
13 %
13 %
-*239 /■; 240
92
192%
10'
.
;
io% July
,188
82 Ma
92%
191% 192%
/ 93 •
191% 191%
10%
11
92
95
;v
11%
11%
10%
3i3/i;
313/s
31%
,30%
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98%
98 Ma
98 Ma
*98%
10 Mi
10 Mi
lOVs
9Ma
36 3/4
37 Ms Z;
*138 Mi
9%*
141
47 Mi
120 Mi
123
*22 Ma
23% ;
111%'.%
*55
141,
22%
160
*140
,
23%
22
109"%
M43%
175
*140
M 16°
22%
•
*43
160
02
:
Sep
135
Deo
Oct
Dec
;
"
■
160
.
29%
29%
*29%
40
•
29 Ms
29 Ma
28 Ma
40 Ms
40
29 Mi
295/a
29
39 Mi
395/a
27%
27 Ma
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42 Ml
*263/4
27
*41 Ms
*148 Ma
■151
i
42
21 Mi
Ma
;
'V
■
22
*148 Ma
40%
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41 y8
151
39%
21
Mir 20%
19%
,
"
47'
47"/:;::;
20 Ma
20%
46
♦111 Ma
112
*111 Ma
112
143
143
♦140
1423/4
•137
141
*134
138
*134
138
*135
137 Ma
,:;
:,■•; *55
57
*55
115 Ma"
*114
■
115
41%
42
Mi v:
41 Ms
55
128
263/i
27
42
40%
101%
126
126
*26 Mi
i'V
30 Mi
30%
122 Va
*120 Ma
122%
29 Ma
29 Ma
29
29%
643/i
*63
*37
37 Ma
50 Mi
50 Mi
\
—
33 Mi
33 Mi
28 Ma
:
32 Ma
*32 Ms
34
66 % :■■
-
*65%
27 Ms
2 7 Ms
63 Mi
28 Ma
*65 Ma
28 Ma
"3-
*49
29%
48 Ms
122 Ma
,37
333/i
49
.122 Ma
'■
50
33%
Ma
122%
37%
*23%
48
30%
"120 Ma
28
65%
Mi
50
•
30%
■■■'/v.
,
■
■■■:;
i 33 %
2734
48 5/s
48
34
67
36
32%
67
*66
'
-
.•
:
•/■Mi' M.
64-
Mi
33%
33
28
28 Ma
"
t
4834
.
'
32MB ::
500
~." Is.
2,000
"
9,700
33
33
*66
700
,
-/M M
'
67
it
67
500'
400
33 Mi
48
r.
M
;
49
28
48 Mi
4,800
;
Ma ..36 Ma
49
-loo
if.*-,
28%
27%
1,800
.
,
124
*62
36%.
49
28 Mi
*32 Mi
>■'
;
MM
Joy
30Ms,
*120 Ma
62 Ma
36 Ma
49 /
33
48 3/i
32% /
62 Ma
37 Mi
28
48 %
66 V4
63%/?:
30
30%
49%
:
33
■
30
-300
■'■nM :
16 Mi
*163/8
16%
95
*92
95
95
i
*92
39 Ms
*33
*108 Ma
39 Ma
39 Ms
10934
•108%
;L*:
109 Mi
45
9 5 Ma
38%
39 Ms
109 %
: *92
/:
109 Mi
*15
17
*16
45
*45
46
44
44
45
45
45%
44%
443/i
*
17
'
6 Ms
45
45%
7
33 Mi
*36%
33
*37
*63
68
footnotes
see
page
V"*""
■
' '■
44 Mi
44
38
66 Ma
'
6%
45%
*64
For
*92
16 Ma
7
6%
./
39
109%
;
37 Ma
"62
87.
34
7
44%
37%
66
33%
.
6% •"
44Vi
34
6%
44%
*37 Ms
37 Ma
62 Va
62 Ma
39
94
M
,
47 '
6 Mi
44
37
*60 Mi
•
■
10
10
4,200
i:r 1,400
,44 Ma
47
1
Mfg Co
10
20
117
Jan
Kan City P ft L pf ser
Kansas City Southern
Class
...
1
B
Kennecott Copper
,
"
2,800
6%
18,100
44 Mi
1,700
37
; 200
63
100
No par
No par
No per
Keystone Steel & Wire Co
Corp
—,.—
-
100
10
1
preferred—
Kresge (S 8) Co
Kresge Dept Stores
Kress
(S H)
4
Ma %
Preferred
67
Dec
18 3/4 Jan
1
26
38
223/8 Jan
i
—
;
23
54% Dec 20.
35 Ma Dec 10
13 Mi
Dec
6
•13 Ma
10
29%
Jun
22Me Mar 10
33
Nov
67
Dec
19 Mi
28
8
7
383/s Jan
Nov
/ 28
Aug
1
40
107
Aug
9
112
26
8
7
:
Jan 24
43/4 Apr
.
5
Mi Dec
Mar
S. 173/i Oct 16
x49Mi Nov
.
50 Va Oct
8
18
9%
78 Ms
Dec
Oct
Dec :
Dec
Jan
Dec
348/8
Dec
Feb
108 Ms
Dec
27 Ma
Nov
63/4
Jan
10 Mi
273/4
Jan
39
Dec
31 Ma
Jan
37%
Nov
26
Apr
108Ma
22
•r
Dec
Oct
73/4 Dec 11
3
48 Mi Dec
24% Sep
12
39 Ma Dec
27
54% Oct
18
63 % Dec
12
31 Ma Jan
42
:
32
3
5
Jun
24
Jan
Feb
Jun
193/s
37a/s Deo
,
54 Ma
35% Nov 17
Mar 26
3/4 Apr
3
15
Dec
Aug
243/4
31 Ma Mar
28
96 Ma Dec
19
15
8 3/8 Jan
72 Ma May 14
X2Q
Jan
Dec
27
,
Mar
20 Mi
Feb
Jan
51
2
35 Mi Jan 24
Feb
Dec
3 9 3/i
Jan
20
,
Aug
14%
Jan
17
:
124
Ma Jan
19Mi
20
31
h 18% Jan
37
No par
No par
50
v; .6
31M4 Dec 19
21 Ms
Apr
Deo
S117
Dec 26
23% Jan 22
353/4 July 27
100
Laclede Gas Lt Co
Lane
22
No par
Kroger Grocery & Bak
(The)
Bryant
i
Jan
No por
& Co
Lambert Co
124
34
1
—No par
10
43/1%
Mar 26
3
Jan 22
te13
,
16%
313/s Dec 11
3
Jan
B—No par
No par
4 % non-cum preferred—
100
Kaufmann Dept Stores
:
1
Kayser (Julius) & Co—
8
Kelsey Hayes Wh'l conv cl A
1
Kalamazoo Stove ft Furn
Kinney (G R) Co
$5 prior preferred
Hoppers Co Inc
MM;
17
.
RR
Kimberly-Clark
1,300
MM'-,;.
3334 MM;'
33 Mi
.;■
MM :
M:
•
109 Mi
*16
44 Ma
Ma
39%
rH 0 00
Chicago
400
17
*16 Mi
16 Ma
33 Ma
■
4534
95
:.x
'108 Ma
16%
33
44
4434
16%
43 Ma
17 Mi-
44
39
••
*15
33 Mi
33
*15 Mi
16%
2nd preferred ser A
&
100
'
16 Mi
Dec
100
-—
-—-12 Ma
100
stamped—100
Jones & Laughlin Steel
No par
5% pref series A
—100
5% pref series B conv—-—100
4%
i
128
.
preferred
Aug
Nov
No par
Johnson ft Johnson—
26% '26%:
31
30 Mi
37 Ma
*125
27 Ma
M2 %
Jollet
—
t' 41 Ma
4 2 Ma
*101 M 101 Ma,
42%
101
128
3
3b %
105
:—100
.
Dec
112ya
No par
preferred—,
Johns Manville Corp
115 Ma
*114
(F L) Co
4%%
141
*120
102
*120 Ma
643/4
55 Ma
102
103%
*125 Ma
Jewel Tea Co Inc
A
112
*134Ma 137%
*54% ' 67 ;v
*120
*125
*102 Ma
Jacobs
47
:
;
141
115 Ma
■■■■'/■:,■
1
20%
46%
112
.
*114
Mo
■
V
46%M 46 %
■'•:'■ V
57
*114
*120
*120
20% Dec
45
July
144
112
Ma
39%
20 Mi Aug
20 v» Juiy
:
3/4
44
29%
28
41%
*111 Ma
'
29%
29 %
40%.
*27
151
28%
29%
29
Aug
43
93
20
44
200
*140
47
55%
Mi
*176
:
12% Jun
Jua
?
109%
55%
43%
*160
■.:':
Oct
21% Dec
04
Dec
118
109
;
32 V* July
136
46%
117Mi
120%;:
fti 55% ' 55 Ma
175
ey® Jun
9%
,
22%
44
:
18% Jun
Dec
,80
98'/a
;
46%
109%
55 Mi
*160 /
*
36%
37
*140 M 141:::;;
•
43%
'
118 Ma
23 3A
111
*53
43 Ma
9%
37% t
lj»'/4 I.IMV4
M 46% ' 48%
1213/4 122
175
*140
9%
36%*
483/s >
rill
55%
43%
*170
;
48
■
11%
11
,
37 3/4
*137
48 3/i
111 Ma
37
:
?
ll%
Dec
3% Aug
30%
V
NOV:
180 Mi Dec
10%
*31 Ma
Vt 113'8
Sep
Aug
12% July
8% Oct
;; 40% July V
105%
pec
8% Juiy
*
107% *" '"*107 Ma 107%
10%V'10% -7;
>'
238
96
192
//
*10%
52"
*M$"*n07 %*
107%
10%
13%
•;?>. 10 Mi
%'■ 13%
Oct
Dec
111% NOV
142%
102
103
17%
17 %
17%
52
Dec
22
*105
;
10%; 10%
;
Dec
93 T '
36%
■
103%
17%
^
lOVs.SMM/h"
Dec /,
66
■
—
103
173/i
51 Mi
*107 Ms
10 Ms
239 Ma
105
Dec
66
77 %
*35%
.
106
-
*167'
23 Ml
30%
66%
*105
'
39%
*91%
31%
65%"
*167
104 Ma
Feb
27%
'
<■'" 17 Ma
NOV
170
Apr
40% ' 41%
81%
82%
■;.%
,93%
36%
31%
..
150
.
*»%■
82%
35%
'
MS;';-//
66 Mi
*105
'
1505,-1
*167
31%
66•
"39
41%
82%
*91
'
,
36%
'
M31%
.
-
.
92
36 3/8
,
.
83 Ma
39%
39
,
'
43 Vs
*82 Ma
90 Ma
36 Ma
July
32 Mi
40 M2
*39%
',:■ 43 /•'
83
Sep
Dec
112
; 22%
Sep
*
39%
Jun
July
9% Dec
;
Jan
Jan'
Apr*
32Ma Dec
63MiNov
263/B Nov
35
Nov
603/i Jun
25MiDec
,
21
152
Mar
Dec
Dec
July:
109
Jan
Jan
Apr
Jan
Nov 13 ^
63
Dec 13 ' '114
DoC
22 Mi
63
Nov 14
29% Dec 10 /
109% July 9.
Feb
63
87 % Nov 27
23MaDec 1-M
7M* Feb
/ 54 - Dec 31.
30% Feb:
2
Jan 16 ;
8Mi Dec 31
1% Jan
10
Jan 19 .
23M» Jun 261
6
Jan
26% Aug 21
36Ma Dec 12 : 223/a Mar
14M» Jan
6 / 34
May 19
8 Mi Feb
; .3% Jan
2 ,:*. 93ADec 10
1% Jan
55% Oct 26
25'. Aug 2
102
Sep 22
663/s Jan 2
12M« Jan 22
5,/- • 34?a Jan 20
3,400
52%
-
20
29 Ma
8s/a
,/
9
21: V.
Mi
201/4
52
,'
2,700
y>:.; v;ip;
85
193/i
<
'
27 Ma
1073/4
*83
20
53 Ma
27%
*105
No par
com
8,300
300
'
28%
*105
Houdaille-Hershey
preferred
——
——50
Household Finance com—-No par
3%% preferred
——^100
Houston Light & Power Co.— No par
Houston Oil of Texas v t c—-—25
M
33%
X
15Y4 iMar
333A Nov 13
25 : Jan 25
23Mi Jan 2
10
The—
Hollander & Sons
1,100
22 Mi
*59 Ma
52%
Hires Co
Holland'Furnace (Del)
31%
: 22%
52
Hinde & Dauch Paper Co—
.800
26 Mi
26
.
Hewitt
Ma;
Feb 15 •• 90
Feb 15 ' 138
21 Ma Aug 20
32
;;;/
t
$ per share ;
Aug 2
Dec 28 ^.110% Jtn 12%; 102
Jun
Jan 12*
29M2Dec 10
15Ma Apr
Oct 6
155
Apr ' 2
138
Jan
Apr 9
43 Mi Dec -12 ; , —
; 123
——5 "
Rubber,-, Corp
1,900
■
.Highest
;
.
277/a Dec U
11 Mi Apr
121
Dec 11.
2
72
;
preferred-s—-——No por
-.
Apr/
27
-
.
Hershey Chocolate—-——No° par'
300
'
136
136%
136%
136 Ma
135
135
Year 1J)44 >.•
share
-
700
136 Mi
*■/■; 87 Ma
87
*86
36%
.
V
Jan 4 •/ . 14 . Nov 30
57/a
98
Oct 30 / 104M2 Dec: 11
104%
Hayes muutttries itu.
• ;/>■// 9%' Jan
4
16% Dec 11.6Ma
Hayes Mfg Corp
?
6
Mar 26
14
Dec 13
2Mi
Hazel-Atlas Glass Co
25
108
Mar 13
134Ma Nov 14 - \ 99
Heohfc Co.
15
20Ma Jan 10
35 .. Dec 10.
20Mi
33/4% preferred
100 M 100Mi Oct 24 v;i03% Dec 26, . —
Helme
(G W)
2a
' 71 Ma Apr
2
92M4Nov 9-Kt 63%
7% non-cum preferred
100
170
Jan 10 . .189
Aug 9
160
Hercules Motors
No par
22% Jan 22
39Mi Dec 17
20%
Hercules Powder—-—No par
82
Jan 8 1 115% Dec : 8 .75
5%
100
130 Feb 15
138
July20 "128
preferred
1,900
*182
*133
87 Ms
/1,300
■
'
-
90
36%: 36%
114% 114%
114%
87% M:
134%
*101 Ma
*182
114 Ma"
116
12 Ma
MM
104%
*88 Ma
37
37
37
*114 Ma
*87 Va
333/4
104
90
'
♦182
3?
114%
*135
90
,
34 Va
" 1043/i
*104
91
6%
393/4
34 M4
ptd—JVo par
No par
Refrac
preferred—
.—100
Hart, Schaffner & Marx
10
Hat Corp of Amer class A
1
iVa% preferred (modified)—100
165
12%
123
100
preferred
39' Jun 22.
43Ma Nov 30
2
Jan
i per
$ per share
2
15Mt
103 M2
105
18s/a
152
x30
\ ; 73,4
No par
(M A) Co $4.25
Harbison-Walk
6,800
39 Ma
13%
12%
122 Ma
34%
<
conv.
Hanna
10
26
.*150
4%
80
/Mr,
106 Ma
Jan.
20Ma Jan
10
Co
Printing
Hamilton Watch Co..
; 600
116 Ma
25 Ma
15 %■.
122%
12%
121
122
116 Ma
HaU
33
Water—.—-.———25
Hftckensack
300
26%
/:/;;* 105
40%
14%
15%
15 Mi
13 %
%
12%
104
*102 Ma
15%
.
12%' 12%
*101 Ma 103 Ma;
'
*33%
*182
104
:
7
/
160
39 Ma
40%
32
26
*150
160
*150
12 Ms
13
122
106
253/4
26 Ms
40
15%
122
117
12%
123^
13%
120%
117
*104
40 %
*102%
15%
117
106
26 Mi
160
40%
104
15%
:
38
V "'*26
26
106
"
27 m.V;
26%
26
26%
*35 Ma
*31
% ,32%
*31
/
117
106 Ma
:
32
.
26 Ma
117
106 Ma
*104
27
r25%
32
39
*36
38
*36
,;
y' .Lowest
Highest.
Lowest
'
*36
Range for Previous
/
Range for Year 1945
STOCK
EXCHANGE
the Week
Jan. 4
v>
v
NEW YORK
Sales for
Friday
Thursday
.Wednesday
Jan. 3
Tuesday
; • f'0
STOCKS
mas SALS PRICKS
x31Ma Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4453
163
Volume
NEW YORK STOCK
RECORD
'."STOCKS
PRICES
Wednesday
LOW AND HIGH SALE
Dec. 29
/
70
Dec. 31
■:
9 per share
*67
/Tuesday
Monday
Saturday
68%'-
'X*"t
:
67"%
403/4
.15% /
41 ■:/;
40%
/12%
4%:/#4%
12%
:;
123/4
49 5/8
53%
52
'
533/4
53%
26 Va
26%
27,: ;,;
32%
33
32%
63
12%
123/s "*
-
-
12
>
;
-
"26%
26%
91
91»/« '
-
197%
*47%
49 Va
•
33
*77%
35%
36%
/v&
/■■'./
73
—
*28
29
65%
—
600
Link Belt Co_—
■// —V/ /'■■■• "'j 6 32%
33 Va
Lion Oil Refining Co
'
35%
35 '<
36
No par
No par
42:/
30
»70
*190
28
,>
28
70
7%
49%:
109%
*29% ?
h
•/• 48% >49 >Z
*108
1093/4
30%
550
*470
7%
; 38%
//■7%
10'/*
160
'&
20%
58%
39%
30%
10 v*
20
./ 41
29%
40
-
v
40
33'/*
.67%
Feb
16
38%
183/4
Feb
24%
21
May
20
Dec
111%
*108%
110%
39%
20'/*
20 3/6
203/*
58
40
31'/a
*192
,
53 Va
14%
122%
11% July
15%
44
50%
110%
112'/a
>124%
125
40%
32
.32/
20.
23%
105
46%
>
22.
25%
253/4
76'/a
78%
>76
>36%
39
56
56%
12%
12%
:/ 33 %
33'/e
33
67%
67%
21%
22
53%
53%
>55
56
*112%
115
•110
110%
*110%
112
12
12%
124%;
•118
21'/a
22
53%
>112% 115
>110
110%
*52
53%
>110%, 112
11% '11%
*112%
11%
119
121
11%
119
34
34%
33
15%
15%
143/4
15*%
44%
46%
453/8 ■; 46%
-.49%
49%
30%
29%
33% ' 34%
117
117-
32%
30
116
fc
116
*115
.
*110
110%
>110'/* 112
11%
11%
*118 > 121%
32%
15.Vs
33
117
>113% 118
*108%
1093/4
>109
73'/*
22%
»:55'^>;55»
>109
>
1093/*
72%
73%
72%
22%
22
22%
*54
*50
; v
' 45.3/4,
193/*
34%
118.
116
>113% 116
15%
30
*33%
117
n
33
.
49%
.
30 "
32%
*115%
-
44 V*
*49
30
,117
116
118'//
44%:
323/4
,
>
49%
29 Va
29 Va
*113%
:
42%
*483/4
50
>
52s/a
115
333/*
16'/*
49%
22 V4
52%
•
*112'/a
115
35%,
.343/4.
15%
72%
213/4
21%
53
:
158%
71%"
71
♦ 110
110%
>110%, 112
:
>
*119
157%
,158
70 %
.
21%
74%
/109%
•US'/a 116
-109%
1113/* May
■
22%
114
••
*52%
55
:
54
53 V*
31
>31%
30%
30%
>29%
30%
V
29%
29 Va
30 V*
29%
30 %,
v
45%
45
18 Va
18
U 17%
17%
106 Va
106%
106'/*
*38'/*
39'/*
•39V4
39%
155
*145
*114 >. 115
>
19%
••->
150 Va
/
*113
>>
*50
50V*
50
*60
>63%
*60
150'/a
114>-
>18%
19%
45
193/a
50
V
62%
Nash-Kelvinator
23%
47'
47%
Nashville
Acme
Airlines
323'8
33
-
34%
National
163/4
>17%
> 26
> 31
31%
*192
*27
173/4.
For
footnotes
see
page
87.
Chatt
National
33%
K
253/4 Dec
Corp
22%
z,
St.
Louis.
National
26 '/*
30%
313/*
32%
31
313/4
1943/4
*192
1943/4
*27 '/a
28
•>
177/a
28-
-
18 3%
56
Nov
Aviation
6
26
7
19 % Nov
32 Vs Dec
3
x34% Dec
10
195
Corp
Dec
26
30
Dec
14
20% Dec
3
National Battery Co
National
7%
Nat
Biscuit
Co
preferred
Bond
&
10
3
373/4 Dec
41% Dec
Nat Automotive Fibres Inc
31
183/8
&
Co—
Share
National Can Corp
Corp
Jan
41%
54
Nov
107%
>
>
:;'-22::,:, 22 •>>
Z*52-v
56
109%
72% >72%
73 »/*r:
Apr
.
>113%,,T16/>Z
-
Sep
.
119
*50
106%
■*■».'
Dec
34
56'/a
158
158
158
.
12%
32%
58
Jan
27 v' Jan
107.
1093/4
*55%
33%
•57Va
«iun
23
12%
12%
Aor
ny«
37
55 Vz
*108%
109
109
109%
54%
Jan
Jan
Jan
31%
39
38
55%
16% Aug
70
78%
38'/*
Sep
82
25%
25%
Feb
8
;
>,1043/* 1043/4
•46%
46 3/s
■104% 105
47%
47%
55'/*
12%
v
Apr
10
28%
21%
26%
*108
97
103
;;
.♦i04'/s 105
38
Mar
21% May
233/*
78'/a
,
r78%
Feb
47
...
119
'->27%
22%
105
105
105%
Apr
14
108Va
•105%
*116%
21%
27
.
43%,
-.42%
42%;
107%
24 %
> 22 /
Feb
109%
>.
/
67
67
*116% 119
*27'/a
28%
21%
125 Vs
,,40,
'
67% >67%
41%
r463/*
543/4
>>"39% ;> 40 V*
33
33 »:
*105%
27%
105
194
Z
24
*104%
/.
109
109
;
Jun
Jan
30%
,
Oct
Aug
Apr
40
24/
*44%
Deo
■
13%
393/4
41%
:
10%
20
*116%* 119
29%
Deo
Apr
10%
39'/a
108%
41'/*
*105
22%
Jun
15
6%
Deo
>
23%
39Vs
:
126,/
r.
67%
.
550 V,
19
22%
391
12%
15%
>:
72%
Jan
18
/
*32%
116
Jun
Dec
Oct
413/4
;;
*39%
•
Jan
143/4
315
Dec
38% May
108 V*
17%
31%;
110
.124%
'
14
/
Jun
40 Va
53%
53
26
104
233/4
*450 /
57 Va
♦191'/* .193
•
x26% Aug
48%
30
23%
Nov
48
42%
/40 /
30%
27%
/
23%
Deo
148 <
Jan
10 V*
*111%
273%
*28%
29 V*
30
Feb
34 Vs
Apr
.
Oct,
—-
—
,
Deo j
Apr
25%
135
109 V*
Dec
Dec
July
J
:—j
23%
58
*109
/
■
—
14%
10%
,
*108%
40 Vs
*57
24%
48 V*
—
—v
68
*108%
550
3 *49
119
—
Deo ;
18%
17%
393/4
/' 15%
24%
30
- 4
11
10%
10%
20%
>116%
31
68
20
29
8%
*108% Tll%
-
.23% Jan
2
52
Mar 27 /
-43V* Aug 21 '
Jan
Apr
151
Jan
20% Jan
;
—
53
16%
44
20%
165
24%
Jan
40%
40%
/
Feb
Jan
6%
111%
109'/*
50
10
190
—
4
39%
39%
2,000//• Lukens Steel Co——
4
23% Nov
—
40%
8%
28
J 17%
Jan
Jan
*108%
*106
i
14% Jun
37
2%
18
52%
No par
ZSZ 2,100 ZZ Louisville & Nashville
Jan
Jun ;
17% Not
19% Jan
63/4
41%
110
166
29
29
86ya
182
32 Va
52 «
?
r'-~:\
Nov
Deo
Dec
44
Deo
'22 V* May
30% Deo
174% Jan
26% Feb
36
Apr
*373/4
16%
*51%
100
/
7%
40%:
*109
J
2
6
20
Dec
Oct
Dec
Oct
Nov
Dec
Nov
Dec
Dec
83% Jun
38%
42 Va
*191% 193>
Z
31
8
1
6
37%
66%
32%
'/ 74
X32 Va
10
28
Deo
53% Aug
8J/a July
68 V* Jan
67% Jan
6
9
42 V* Dec
31
Dec
Dec |
Jun
Jan
6% Apr
7%
16%
30%
*470 V
—10
36% Dec
40
Nov
30V4
38%
217/s
19%
*373/4
16%
39%
67 V*
109%
23%
—23
;
19 V2 Jan
25% Aug
Jan
15% Jan
V; 40% Feb
»
18% Jan
">* 50
11
50
Dec 10
84% Dec 11
60
Dec 14
■
42
39% v 40 Z
/, 154%
.
/
49
Biscuit—
-Z Lorillard (P) Co„
.<
17% Deo
;
*150
/
■"
Loose-wiles
—No par
-No par
<
•
18V* Jan
.
15
Dec
198
-
2% Deo
1% Jan
7%
41%
•
-?
69
1
No par
_____
5
Mar 28
47% Jan 25
417/8 Jan 22
19% Jan 22
29% Jan
2
127/a Oct
31% Dec
8% Dec
15% Feb
29% Jan
,
Nov 13
Dec 10
Dec 21
Oct
3
101% Oct
3
Jan
49'/* Dec
'38%
lO'/e
:
*108
24%
*24%
38
/ 48%
29%
:v
39
154%
29 V*
550
14%
153/a
,
10
/ 58
/
<23%
*470
14%
14 V«
;
23%
29V4
24/-/ 24:/,
/-
39
*150
'>•' 68%
72
49%
/
/
,154%
/■/
*108%
14%/'il4%:
25
V 40
*38
*150
I
Lockheed Aircraft Corp
/Loews Inc
Lone Star Cement Corp
Long Bell Lumber A
n% preferred
500 >; Louisville Gas & El A
193
63%
550
37%
2,700
—No par
Liquid Carbonic Corp
■» 1,100
29%
:
700
2,100
72:
■
28%
r
8,700
17%
25
■
*243/4
.
29
16,100
rv.-
62%
30
>24%
■:
64
28%
>
33%
/
/ 17%
109 Va
108%
*470
2,000
64
;
49%'49%
/•
.
v
Jan
32
No par
800
33 Va
.
78
181
No par
2,100. /
35%
4
51 Va Jan 24 >> 68
7% Jan
2
13 V*
$ 33
Dec 21
33%
• :
.78
Jan
2
100
25
100
—.
Preferred
Lily Tulip Cup Corp
Lima Locomotive Wks
81%
'
-
154%
—5
32%
■'
:•
>
>71
66
■
-
—23
58%
,
17%
*150
Life Savers Corp new—
Liggett & Myers Tobacco—
" V Series B__
:
:
-
35 V* Dec
17 V* Jan 22
32 Va
•••'.
65%
17%
600
27V* Nov
3
Apr
8
Jan
21
Apr
4% Jan
38
5
6
6
7
20% Jan
.
No par
7
>
110
>
,
5 V* Dec
60
■
$ per share :
f per share
22
Dec
54% Dec
2% Mar 26
35% Jan 22
36% Jan 23.'
58 V*
■
30 V*
190
,
•
'
Oct
17'/a Dec 11
44
Dec 10
17% Jun 18
5
"'s
-
72
Hlgnest
Lowest
,
$ per share
22
Jan
4
29 % Jan 24
6% Jan 30
I*:""
Lerner Stores Corp (new)—No par
,
Jan
12
-
50
—
78%
—
73 Va
190
48
47
i,
No par
—
58%
'/
—
30 Va
*293/4
,
■>
33 Va
63%
.
,
47% '
34%
293%
92
195%
194%
40 V*
33%
91%
94
196%
preferred
conv
58
—
58%
33
35% /35%
40 V*
*91%
,
' 6%
(The)—Lehn & Fink Prod Corp
,
1,500
y%< 800
•
Lehigh Valley Coal—
Lehman Corp
300
*i
; 93
v
,
i.;
Libbey Owens Ford Glass
15,600 .y Libby McNeill & LJbby
34%
93
8
10
23
50
Year 1944
Highest
$ per share
Par
76%
80
*58'/*
»/*
*63%/
<•34
3,300
*
49%
77 Va
49%
58%
*33%
>47%
2,100
V}
11% " 12,,:
•,
94
*195%
196% 197
t-
—
33
600
63%/64V*
34
93%
*'
.
1,500
> ,-27 >
31
32%
11,300,
>: 4,800 j
*
54%
'
92
92%
92%
—
/
—
4%
■
>|;;>>Z'
",'>>:
41%
*473/4
77% "• 77%
*58
93%
197%
*197
92>
10,700
27.
>
.'"64
33",
12%
Range for Year 1945
Lowest
Lehigh Coal & Navigation Co.
Lehigh Portland Cement
> Lehigh Valley RR
1,500
",53 >
53 Va
//
11%; T2V* ;.
•
34
*33
—
51.
54
26%
63%
12//; 12%
'
-
V//.—:>>>;>>
92%
92%
/ 91%
91Va
.
197%
12%
34 /"
4%
4%' '
3a %
S
64
'
>•';>;
>
Range for Prevl>«rt
'
STOCK
Lee Rubber & Tire
700
11,100
40
.
50 V*
t
>, 26%
'
91%
12%
53%
32%
.
63%
*33
12%
4%
.
54%
x31%
27
323/*
*12%
40
V 49%
54%
.
63
*32%/|34':s;5/
40
.»'>
i
15%
'"15%
YORK
EXCHANGE
Shares
share
per
66% V 66 %
-
15%.»
39%
.52,%.;
*
I
share
66
15
:
NEW
the Week
.
66
51
/
53%
h
K- 40 '/
12 %
12%
4%'
4%
..4%
49
4 per
15%
4(>
.12%
:;4%
50 Va
67%
15%
■
*39%
Jan.3
/
■XXJV
Sales for
Friday
Thursday
"*an' 2
'/
'9 per share
,;;///
per snare
69 Va
15%'
,
.Jan. 1
,v
# per share;
,
/15%Zl5%
/'
July
Dec
THE COMMERCIAL &
(UtnrA«i
M«od»i
per
!
• hare
37%
T-esday
share
per
Jan. 2
<37%
28%
28%
18
18
18
18%
34%
34%
39%
iO
37%
*28 Va
*11%
'
34%
72
76
;
.
72%
.
*48%
24%
_
—.
108
108
■
•
34
34
34
199
165%
*24
24%
24%
31
3,600
Nat
28%
27%
28%
27%
27%
1,3.00
Nailonai Container-
18%
18
18%
17%
18
3,300
National Cylinder G *s Co_—_
'
:
35'.4
39%
34%
;
35%
35
39%
35
40
Nat Dairy Products—,
National Dept Stores.,
40%,
'
*12
100
72
73
•
70
49
*46 "
12
*106
32%
34
193%
-
.
*196
199
'
70%
6 %
28.300
',700
24 Vb
24%
8.000
107%
24%
49%
24%
'
48
106%
33
'.Y,
"70%
•
25
1061
107%
107%
100
33%
2,300
33 %
33%
199
*196
199
166
Nat Distillers
S4.50
•
;
165%
165%
165 %
*165
23%
23 %
23%
23%
24
24%
31%
conv
7%
6%
800
Lead
Linen
National
Service
.31'A
30%
31%
31
31
2,200
Nat
55 %
56
55
55
54%
54%
1,400
10%
10%
10%
10%
10%
82%
82%
81%
81%
*81%
81%
81%
81%
81
10%
81'
•'
*34%
34%
34%
34%
33%
34%
32%
33
32
32%
21%
21%
21%
21
30
30
30
105
106
13
13%
27%
13%
27%
58%
*106%
21%
20%
V 29%
.
.20%
•
105
105
27%
27%
27
27
13%
13%
13%
13%
27%
*58
58%
107%
107%
33%
33%
-
-
*109%
111%
43%
43%
45
44% i 45
35%
36%
36
36%
35
36
34
25%
25%
25%
25%
25%
26,
24%
25%
57%
57%
-59%
58%
33%
32%
33%
32%
57
:,v
34
57'
•:
•57
34%
33%
111%
*110%
51%
./
51%
*49
126%
126%
126%
127%
-123
*35%
36%
*35%
36
*26
26%
*27
30%
*27
30%
*59
62
59
*58
.61- Y;
*301
340
*108%
110
19%
*47
51
59
340
19%
*123
54%
54%
*543/4
13%
13%.'
54%
19
35%
35
-
ml
' '»•
4
/>:>■ 29'/a
;?•'''
34%
54'/a
V
;
k-1
•*."*.
y
> '■
.A
^
*112%
.
.
.
^
*54
-i
14 Vb
14'/8
:
-*551/4.
19
19
•111
113
\\ "A;s
:
113
.
::
19
119
16%
115
116
*30
*168
'A
35%
"1
30
97
73
76
16%
16%
—
y
115
.
175
*18
;
97
:.
19 Va :
81.
*36
.
"
70
10
N
110%
60
N Y
2,300
■>
.
19%
19V4
19%
49
49
247 y2
^
30
*110%
34% -A-:
114
,
4"
c"
Va.
13%
56%
-
18%
-
22
55
55%
*111
13%
55
3,100
33%
.118
*115
i
35%.
r
118
16%
33
35 %
35%
16%.
115%:
*30
'
29
28
28
*92
,95
*92
95
Outlet
73%
2,100
Oweba-Ililnois
3,200 :
Pacific Amer Fisheries Inc
75%
18
18
18
18
168
*168
172
75%
.75% -75%
81
>•41%
•
38
80
%77
17%
19%
81
*77
81
38
Y
"36%
71
-
38
37
42
40%
41%
40%
58%
58%
59
59
71%
72
73%
*73
„' io..
,
41%
58%
"71
*36
i
8V'a
317 e
32
8%
,
8%
*30%
31%
8%
31'/a
ioy#
11%
10%
11
25%
25%
25
25%
24%
1
110%
13%
*75
10%
11 ,Y
54,700
Packard
24%
25
26,600
Pan American
*17%
18
18
18%
38%
37%
38%
37%
38%
110%
*108%
110%
V: 108%
108%
.13%
'108%
13%
110%
13Va
13%
13 %
*74
78
*104
*76
,
13%
13
78%
76%
'104
108%
55 Va
53
54%
52%
54
53
69
36%
71%
68%
70
65
67%
36%
36%
29%
•'.
4%
29%
4%
*104
f
67
*65
^
148%
149
43%
44%
AJ
*14%
14%
14 Vb
14%
30%
30%
30
301'a
32
*30
*110
31
300
.
V
•
4%
66%
5,900
Paraffine Cos
Park
&
•'
;
6,700 •'
14
13%
14
13%
14
29%
28%
29%
29%
Utah
Penick
300
;
Pennev
:
Penn-Central
!
1,600
5,700
32
.
Penn
42
42%
42
Coal
41%
41%
35 %
*26%
116
90
90
90%
38
38
35%
27%
*115
90
41%
*40%
91%
35%
26%
*115
*90
*35%
*26%
,
116
.
27
*104%
11%
10%
115
90
90
41%
*104%
11%
40%
40%
108
■
*104%
11
10%
_
34%
26%
115
90%
41%
108
.
35%
24,100
42%
12,400
*41%
42
45
38
35%
27%
*42
43
89%
T89%
36 VB
43
25%
42
41%
-38
'
14%
14
&
*112
*42
91%
*92
700
45
93
38
*36
34%
35%
*25%
26%
200
..
300
38%
200
35%
16,200
27%
300
115
*110%
*88
107
90
88'/a
88%
600
*39%
41%
39%
40%
400
•*104%
11%
10%
108
*104 V2
10%
;
10%
14%
*14
'
14%,
14
14
14
Coke
114
300
108
10%
14%
Power
3,400
1,400
Light
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria
fy
Eastern
Pepsi-Cola
Pere
5%
Ry
...
2nd preferred
Petroleum
'
.
.
,
'
Pfeiffer Brewing Co—u—
—
71%
71%
71%
71%
71%
72
710
18'A
For
125
*118%'
f
18%
18
18%
43%
43%
44
footnotes
see
page
*118%
18
43%
125
114
44%
V.
113%
28%
28
113%
120
120
17%
3
18
43%
44%
*118%
17%
43 »A
28%
6,900
"ql/e
.*118%
18%
87.
A 46
2,200
43%
$1
11,900
4,800
&
3
1493^ Dec
3
175
10
157
<
Electric Co.
preference
Phila
Philco
&
v
7
;
No
Read Coal
-
&
48%
3
31
Jun
7
:: 25%
>
24
Iron—-;
>
Dec
35%
:
•
Dec
48
Dect
Dec
Apr
123 Va
Dec
?
163
Sep
|
-
7% July
Jan
4%
Dec
10
12%
Feb
v:
Dec
10
3%
Jan
:M6%- Aug {;■:
Dec
3
Dec
8
.
3
111
Oct
Dec
26
X80% Dec
8
:
5% Dec,
.
6
39% Nov
17
Dec
•V2%
.17% Dec
45
,24%
July :
109
Dec
}
Jan
'30
Dec
t.
Sep
lVa
37 y4 July
2%
Dec
26%
Apr,
Apr
31 Va
Aug r
18%
.
£
Feb
23%
Jun
:
8% July
I
4%
Jan
15%
Apr
51%
Mar 12
.49% Dec
•
61
„
Jan
27
72
May 28
151% Nov 30
5
9
Jan
Dec
23%
31
30
5%
Jan-
103
k
6
.
8
July j
5i'/4 Dec 7
25
.14%
17%
19%
6% Feb
45% Sep
x39% Nov 29
Apr
93% Feb
,
;• 20%
59%
113
Dec
Dec
Nov
3
13%
Apr
24%
9y«
Jan
17% July
17% Jun
23
33% Dec
Jan
3
Dec
26
30% Dec
,7 46%
Nov
20
49
Nov
16
16
46
12
96% Nov
30
23
43% Nov
30
July 27
38% Nov
16
18%
112
Dec
Jan
5
Dec
Mar
110 V* Mar
18
Jan
14% Jan
21
16
6
Apr
24% Dec
113
Nov. 14
69
3
11
A, 33%
Dec
21%
Jan
32
Dec
55
25% Mar
A
Jan
70'/4
Dec
5V4
Jan
17%
Dec
22 %
Dec
26 y#
Dec
Dec
19% Jan
2
43% Jun
18
10 y4
Jan
.19%
92 % Jan
19
119% Nov
20
54%
Jan
96
Dec
Jan
65 V4
Dec
105% Nov 20
108
2
13
Mar 22
Dec
10
9% Jan \ 2
15% Nov
19% Aug 20
28 Va July
105%
Oct
107 Va
Nov
7.
Sep
9V4
Jan
2
Jan
8
1.
25
50
57
106%
21%
par
par
25
;
3
'
Dec
31
40%
Apr
71
23
40 % Dec
Feb
26%
Dec
25
71% Dec
4
13
20%
Jan
49%
Jun
59%
Dec
88%
Jan
108%
Dec
May
21%
Jan
Jan
2
Oct
1
Jan
2
29% Nov
13
19
Jan
2
29% Nov
19
23% May
115
31% Mar 27
Apr
19
19% Nov
,
117
Apr
26%. Oct
119%
Oct
19
122
Aug 22
12% Aug 21
117
J00
1
■
36% Dec
Jan
25
t
12
22
30% Jan
•
r 42%
:
32% Dec
24
10
.
,
Jan
Jan
149
23
Aug 17
Sep
Apr
; 13
Jan
Sep
39
17% Jan
/
No par
com
prefermo
Corp—
No
com_^
14%
10% Jan
:8%
:
19
.29
2
37% Mar 28
1
Inc
Co
preferred—
Phila
44^
120
17%
$6
(Chas)
Dec
Nov:
8
7 33% Aug 21
.
_
71%
43 y4.
42
2
11
Dec
20'/a Dec
51
•
.
71%
*1183i
Mar.
21% Jan
111
100
Corp of America
71%
28%
j
Jun
23% Mar
Pfizer
113%
\
Dec
64
33%
Phelps-Dodge Corp
Philadelphia Co 6% preferred
2«%
75%
Feb
11
5,800
28%
Jan
25
8,900
113%
Dec
55%
41% Dec
35%
28%
Dec
f
Aug j
Sep f
64
116% Jun
37
28%
4
24 ya
May
2
35%
113%
108
;:i4.%
147
6
36%
%
Oct
Apr
Apr
35%
28%
,
Oct i
,18
Jan
37
28
28%
..11% July
26
35%
112%
•
Dec
109
i..2oy« Mar
•
63
36%
28%
,
Oct
3 Jan
r
Apr
6%
,
■>,
Dec....
July
•108%
100
—
Co
37
28%
16
99% Aug
8% Jan
.
f
7
Dec
105
•
.No par
Dreferred
Milk
37
125
Jan
59
19
.
100
.—100
36%
'
.
117/b Aug 23
Co——100
33 %c
Marquette Ry Co
prior preferred
5 %
Pet
Co
36%
.
Oct
28
100
38
112%
89% Nov
24
10
5
36%
28 %
23% Nov,
9
..50
35%
28%
;
Co—No par
RR—
37%
114%
6% Mar
106
:
:100
Pennsylvania Salt Mfg Co
4% %
•
&
Pennsylvania
22 Va Dec
*
1
4
par
...
35%
28%
367/« Dec
.,168
Dec
,
5
Xl8
..No par
Corp
38%
28%
34% Nov 26
50'/a
:•■;
15% Sep
23% Nov
!
10
13
.
2
217/o Jan
Corp
Co new———17
34%
*113
18% Dec
Xll8% Dec
..
.
20
■29% Feb
1
—10
Corp.
38
-71%
t
Nov 28
Apr
Dec
.53
104% Not
r
12
119
..
Jan. 16
2% Jan
;.
<
par «.
No par
4—
Cement
5% Jan.
56
.
..2.60
No
Co
preferred—
Penn
1 '
14
No
1
Airlines
Glass Sand
5%
24%
42%
41%
.
(J C)
Penn-Dixie
Penn
*109%, 112
42%
.2
11
34% Dec
'
41%
93
Si Co
Ford
&
800
30%
Mines—1
Consolidated
Davis
5,900
44%
14
43
Oct
23% Dec
.112
V,
Oct:
Dec
31%
-12 y4 May
29
150
43
4
.73% Dec
150
24%
21% Dec
.
32% Jan. 22
150
41%
40
-
>
Dec
115%
i
h 40 »A Jan
9
57% Nov
;
149
45
*90
Inc
67
42
*38
Tilford
21%
*30
3
8
67
32
Jan
1
Dec
Dec
67
23%
Feb
4»A
Nov
July 26
20%
*29
37 Va
«57
.
.57%
*65
*110
Jan
v: 15
' •106% Oct 15
Parmelee Transportation
No par
Patino Mines & Enterprises— —10
.,
17%
110
4,800
.,
Jan
♦
27% Mar 26
16%
:
112
1
:
15 %
34%
3
1
20%
*43
K
par :
16
32
116% Mar
*63% Dec
►
22 y4
•
,
Dec
106
Xl3Vt Jan
4% Mar 20
:100
Inc
20%
23%
-II %
Jan
4
17
Pictures
15%
*110
42%
.No
j
preferred—1
Parker Rust Proof Co
'■42
42%
Inc
Mar
16% Jan
*
1
Parke
: *30
54%
Jun
38 % Dec
29% Apr 26
Line.—No par
:
100>- .106% Sep. 18
Ref
&
Park
24%
24 ye
—
Prod.
Paramount
12,200.:
■
24%
Jun
7%
-
100
11
.
*
4
51%
A
Dec
112
20
1,300
43%
Dec
13% Jan
4,300
44
19%
—fl
5,800 ;
43%
Jan
2
4%
;
15%
16% Mar 26
28%.
44%
3
.2%
Transp
preferred
Panhandle
6
..10
36%
149
31 % Dec
117%
160% Jan
No par
&
Jan
Jan
121% Jan.
.—1
Airways Corp
Petrol
conv
53%
28%
*110
100
16,600
24
100
Panhandle East Pipe
3,500
13%"
45% Mar
par
.100
4%
44%
Dec
7
-
28%
149
44%
122%
Jan
36 %
67
Jun
(25%
4%
*64%
,
v
Jan
116%
11
29%
16%
193%
75% Dec
36%
21%
Sep
Dec
8
38% Mar 27
4%
16%
•-•.47%
Jan
28%
20%
23 %
Jan
Jan
35%
17%
Jan
30
4%
21%
14 Va
17
A'39%
36%
16%
Dec
18 ya July
.
33%
1
24% Mar 14
18
29%
21%
Jun
xeOVa Oct
29
17
198%
No
-
Motor Car
Pan-Amer
400
108%,
:
Dec
Jan
3
36%
7
21%
66 Va
*104
108%
•"
78%
66
4%
29 y2
150
*77
77
108%
54%
-
44%
48
Pacific Tin Consol'd Corp.
Pacific Western Oil Corp
11
*108%
4%
36%
600.1
13% Jan.
X: UV2 Jan
34% Jan,
Telep & Teleg
25
.
Jan
No par
preferred—
10%
18
2
Jan
129
-
4
22
:
10
& Electric.
24%
38%
'
6%
5,200 .Y
30
Gas
Pacific
50
—»
Co.
Pacific Lighting Corp
Pacific Mills
25%
*17%
73 y4
4%
*29
par
.1st preferred non-rctrm
No par
2nd preferred non-cum—No par
n
18%
55%
70
30
110
8%
38%
\
108%
543A
30
8%
17%
'•••:'•
77%
•106
8%
•38%
18%
39
mo%
8%
i,
Coast
Pacific
1,000 i
172
8%
50
10,500
147V4
*170%
>
.
.
If500 1
73%
•146%
Pacific
10
,
:
41 %
...
15
4
155
Jan 26
17'
?2% Jan 30 A 32% Nov, 5 •
74
Jan 30 ;
95
Dett 26 ,
58
Jan.
2
3 .79%.Dec
7:3-
12.50
Co
2
Jan
*23% Jan
-
No
Glass
19
Dec
Jan
11%
30%
/A
17%'
*18
•19%
Co__.
3
13% Jan
100
2.50
Outboard Marine & Mfg
200
58%
s>
58%
71
*18
18%
preferred
■6%
;.40
■
37
42%
:
*58%
r
80
17%
;
11% Jan
107
No par
*28
75%
.
106% Jan.
-
97
168
,.
,
3
16% Aug 20
24% Jan 24
:
Oct
Dec
29%
24%
-
7
.1
107% Jan. 12
.—100
—No pur
8
Dec
258% Nov
Mar 17
v'12% Jan
3
59
July 31
V, 15% Dec
7
46
50
29
Nov
Dec
118
218
•
31
Apr 11
2
6% Jan
Jan
Dec
35%
Jan
62
50% Oct
-
110
,
Otis Elevator
4,700
147%
42%
16
Telegraph
19%
16
23%
126% Nov
2
July 6
26% Mar 27
15
Dec
3:50% Aug
Jan
Jun
D6C
18%
■
Apr
15%
Nov
,
17
53% Jan
35%
65
.
2
Aug
17% Jan
—6
•-—-100
—10
July
3
110
9% Jan 20
9
105% Jan.
8% conv preferred A
Oppenheim Collins
;
400
36
172
24
Jan
.
convertible preferred—100
Deo
22
Jan
410
20
118
Ry Co
Omnibus Corp (The)—
~ 5,400
■J\"> 160
:
31%
35%
4% %
200
16%
31%
5,100
118%
171
*30
37% Jan
pfd
35
13
39% NOV
14%' Aug 21
—r——No par
108
4
29
.
••
21
19% Jan
Oliver Corp.
Deo
Apr
104
26
148
Mar 26
219
OU Co.
cmio
18,500
.
;
27%
1716% Apr
6
75% Jun
-
2
162
>
35% Dec
-
Mar 26
102% Sep
pfd—100
series
Oct
58% Oct
22
41
pfd_2
Edison Co 4.40%
Ohio
22%
146%
44%
'32
Norwicb Pbarmacal Co.
1,400
115'A
116
31%
..
Mar 22
21% Jan
Preferred
im
■:
32 Va
118ye
16%
;
.
1
i
1 21%
22
32%
119
16%
*111
113%
21%
147%
•
preferred
Northwestern
50
18%
18'A
172
*64
45
Norwalk Tire & Rubber.
1,000
56 Va
172
*149
27% Dec
par
Ry
non-cum
Dec
105 Va
3
38% Dec
xl6% Aug 14
-R0
3.90%
18% July
32%
Jan
28
47% Dec
25
—
20
14%
56%
18%
.
32
*13%
■>
56%
.....
-
33%
4
Aug 20
18% Jan
Northern Pacific Ry
Northern States Pow 85 pfd.
Northwest Airlines
30
■
53%
147%
16%
21%
32
par
Co
Western
&
6%%
21,700
113%
53
173
*29
Nov
105% Jan
;
Industries
Northern Central
50
147%
.13%
110
17
:
Jan
8
North American Aviation
10,100
35%
Vb
/:■: W* 113
53%
•
34
13%
113
*171
*108%
Nov
North American Co
100
'
13%
13%
111
Norfolk
32,200
*146'A
38
109
'
173
*18%
31
Sl.tpbldg Corp part stk
Adjust 4%
31
■-
RR
Noblitt-Sparks
123%
-■> /
30%
Y
N
Harlem
Power & Light
940
249%
*122Va
>-p
Y &
400
147%/.:
*31
Oct
11% sor
11% July
•
31
2
*171
'
Dec
28% Jan
17 • Jan
•146VI
8%
37
No par
28
*93
:
Y-Y
19%
t
*36%
42
*68 Va
2
31
No par
-No
preferred
.168
18
*18
59
:*
Dec
23
preferred series Aj
N Y City Omnibus Corp
.
.
76
•'"•77
38
41%
58 y4
-
35
22
345
'
;
Jan
22
12
pfd-100
No
Julv
96 Va
8
108 % Mar
Jan
/
•77
61% Dec
6
106
—10
1;
'128.
30 Yi
17
166
m
*95
75%
r 35%
'
57
115 V*
■:yV*31%
36
*28
Y
16%
■
:
31%;
*168
*28%
118'A
116
35%
7 173
: 33 %
.
16%
*115
*29%
*92
•
22
::
100
——
i
/7%
Jan
Jan
Fi-b
103% Jan
;y:■
55%
-
13%',
113%,
21%
;
119
16%
33
35%
22»%
-
19
•-**111
33% >33%
118
*56V2
-
..ft-
21%
33%
13%
'.r
57%
22%.
16%
55
13%
28% Dec
30
103
par
Dec
Jul /
7; 30 '/a Mar
24% Nov
17
:,;• 15% Mar 26
Jun
70
Mar
'•
Jun
7%
26
9
100
124
52
107% Dec
5y8
100
'
Feb
4
24% Dec
-33% Mar 16
15
New—--No
Dock
11%
Dec
10
Y Chic & St. Louis Co
York
11
:
29% Dec
Central—
$5 non-cum
36
"14% Nov
6%
New
Feb
3
N
100
57%
3
^
400
16
107/e Jan
1,200
•
34
Feb
10% Jan
pa\
2,500
61
23
Apr
5%
——10
53%
-
Apr
28'/a
-No
124%
249%
13%
114
■
Jan
26% July 26
52%
49%
:
Ill
v
15
T
17%
20
29
85% Nov
Apr
22% Aug
'
14%
57%.
22%
ill8
19%
53%
65
6
Dec
14% Nov
Y 123%
110%
33%
114
53%
-
'•
Dec
33%'
*310
./■
Dec
59
61%
•'■• 345
:>
159
35
59%
36
.
28
Jan
32%
.29
35%
ru>.
.,V
54%
*53 Va
'
■
13%
Sep
7% Jan
Newport News Ship Si Dry Dock—1
New York Air Brake
i
jvo pur
*57
29%
112%
Dec
50%
246
13%
181
Jan
3,400
*26
30%
Feb
102% Nov 30
Mining Corp
York
Jan
33
25%
New
Jun
19
164
21
24%
2,300
Dec
25 y2
3
27
..10
New Jersey Pr & Lt Co 47#
56,800
14% July
22 y4 July
Newmont
.
Dec
37
104%
Dec
-No par
preferred-
Jan
Jan
preferred™100
J)
87 y4
152
1
{J
20
s
37% Dec
—40
-
Newberry Co
2,800
Jun
108
37% May
;••
.
199% Dec
-No par
—;
serial
Feb
19
25
Co———.
conv
9'
Sep
123%
*122%
*110'/a
4% %
50
10
16
Newport Industries
Y *35%
..'%
^
Jan
2
26% Dec
141
32 %
*48%
>
•
114
*53 vr
33%
-
.
Feb
26
54% Nov
14
5,000
61
./
124
;rj-
35%
*112%
19
♦lit:
;
30 V*
Dec
Dec
Mar
28
2,400
30%
249
13%
112 V2
54%
*53%
A
55%
13%
*noy4
114%
14%
29% ;:
29
76
'■«'
12
Nov
34%
*109
19%
247%
Dec
25%
24%
■
Nov
43%
35%
49%
X »122Va
My ■yyyyy
Jan
par
Nelsner Bros Inc
400
111 %
*315
19%
•
■'.*
124
29 %
54%
i
247 Va
29%
35%
*113
??'■[
Jan
>
25
33%
*58
,
49%
,
Jan
11%
167
43
,35%
110
19%
,13 %
14
177
——100
Nehl Corp
-
♦26%
,
345
A
49%
29%
*109% •112%
*325
19%
*123
36
■
Nov
Dec
Dec
16% Jan
59%
50%
;
2,300
Vv
Tea
*.
..
—1
CThe) Pa
Co—
lr'3%%
*110%
%
44%
"34%
123
110
19%
246
124%
*55 %
:
110
49'/a
245
51%
125
36
340
*108%
49%-
243%
"
111
*43%
*51%
•
r0
—
Supply
Natomas
*109%
43%
*110%
9
40% Dec 27
38
12% Mar
-
■■>■34
■
—4
preferred
National
107%
35
*109%
*110%
111%
2
20% July 17
11% May
5
35% Jan 22
Xl01% Aug 17
:.
24
Jan
2
par
$2 conv preierred—
4%%
•
.
600
27
*57%
*106%
Steel
3,800
60
26%
27%
58%
36
35
♦109
26%
61
107%
*106%
37
*110%
230
13%
% 27%
14%
No par
National
8,100
28
60
23% Aug
Feb
4
No
Co
1,400
2,300
13%
Cast
Corp
National Sugar Ref Co
21%
27%-
St'l
61
National
900
30%
.'105%
Mall
National Power & Lt
45,500
105'/a
30
30
i
107%
35
*109
'
.
27%
58%
107%
•
'Y
28%
13
27%
*57
%7
105%
vl05%
28%
28% :
*106%
'
21%
30
Sep
xl 1%
2
National Oil Products Co
10%
31
xlO
3
Jan
Corp.
31%
106%"
7
19% Dec
;;
100
—100
55%
21%
32% Dec
4
Jan
Coi_——„—
10%
*30
9
Jan
13
preferred A—
preferred B_
53
'105%
*28%
12% Mar
13
/> 37
No
30%
■
share
per
Apr
1
preferred
10%
.
Highest
$
share
26
Apr
No par
—
National
100
*164%
StamQuig__
Gypsum Co
31
10%
per
3
Products.-—-No par
Nat Enam &
National
60
24%
preferred.
55
*54%
Year 1944
share
41% Nov
.
-No par
-_10
Vs
*12
12%
49
■
per
'■■i'6.;j
::
No par
5,700
$
share
Lowest
i
24% Jan
par
13,900
:"VV;
Highest
'
/39
11%
24%
Cash Register—No
per
'$■ 31%'
1
48
-
$
1
165%
*164
ParS
.37%
•
Range for Year 1945
Lowest,'
1
'
."V
•
37%
71 ¥2
,
199
*164
1''
■
34
201
Shares
>
•.;
•
38
•
108
"197
share
Range for Previous
STOCK
37%
__
25
*106
per
YORK
'.'EXCHANGE
18
'
•
50
25
:
75
49
24%
t
share
•■■■''•A
38
•■■..'/_■■3*%
:
39%
'
1
*
'
11%
i
12%
49
per
NEW
the Week
28'/a
39%
1
*11%
S
Jan. 4
37%.
-
35%
39%
12%
RECORD
Sales for
Friday;
,
Jan.3
S per share
share
per
37%
29
S
Monday, January 7, 1946
STOCKS
Thursday
Wednesday
Jan. I
Dec. 31
STOCK
PRICKS
SALE
'
Dec. 29
I
HIGH
AND
VOKK
tW
in
LOW
FINANCIAL CHRONICLE
44% Dec
27
24%
Jan
31
July
,
...
*
r'-r
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4453
163
NEW
LOW
Mondmv
Saturday
Dec. 2!)
'
$
per share
66 %
$
66%
*110
luesday
113
per share
Jan. 2
64
.
S
share
per
66
111
:;v
*
65%
65
111
*109%
a °32%
35
*32%
35
*121%
125
*121%
56%
57%
31%
31%
31%
33%
34
33
,-A 107'/a
107%
*106
135
*126
10%
105
■
>A
10%
105
10%
*103
105
35
56%
57
56%
32
*31%
32
300
32%
33
32%
33
1,200
22%
21%
22
23%
23%
23%
*197
203
43%
*106
*123
*103
107%
* 135
Pncenix
$4
3,500
104
•V.'V'V
104%
Pitts
21%
21%
21%
5,250
24%
24%
25
1,300
*197
*203
43%
44%
42%
43%
12,100
11 %
11%
11%
11%
11%
ell%
11 Va
11%
11 Va
11%
12,000
15%
14%.
15
14%
14%
34%
14%
14%
14%
2,800
130
*118
130
*118
130
*118
130
*118
68
68
85
130
30%
67
66%
65%
66%
65%
66
800
83%
83%
83 Va
f3 %
83%
85
85%
330
30%
30%;
*197
66 %
83%
V
67%
30%
*29%
30%
*29 Va
30%
*197
*19
19%
*18%
26%
26%
*25%
27
24%
24%
"*24%
25
*30%
33
*30%
33
22%
22%
23
25
22%
■A 24%
65%:
:
19%
r
>..65%
23%
66 '<
23%
115%
114%
125/
126
114%
62%
23%
*111%
114
23%
115%
113%
125%
143%
144
114%
-132
132%
.
114%
114%
61%
60%
■•22%
21%
132%
144 %
1443/4
114%
61%
21%
132 Ve
115
•
114%
61 Va
22%
22
33
21%
28
July
108
Dec
11% Dec
3
~7Va
Apr
68%
Feb
90
H Va
Jan
17
Dec
164%
par
Jan
171
Mar
183
Apr
190
Aug
85 Va Jan
15
106
Dec
26
20 3/4 Dec
17
23% Now
31
253/4 Dec
8
14% July
10% Nov
26
15% Jan
190
Jan
2
205%
July"~9
17
44 % Dec
6 Va Jan
4
123/a Dec
2
153/4 Dec
10
Mar 10
117% Oct
17
82
49% Mar 27
69% Jun
26
45
91
Jun
26
433/4 Jun
6
99
/
380
4%
10
68
Feb
20
21
Jan
2
198
Jun
9
188
Jun
9
12% Jan
19
22
Dec
12
30 Va Dec
9% July
Apr
3
Sep
100%
Dec
Sep
57% May
3
27% Dec
~6% July
Jan
6%
61%
Jan
73
Dec
11%
2234 Aug
175
Nov
Jan
175
Nov
8%
Jan
147/s
5
17% Jan
2
273/4 Dec
10
16%
Sep
19 %
Juily
par
24% Jan
3
33 Va Dec
11
19%
Jan
25
May
No
par
1
12% Jan
8
25% Dec
8
8%
Apt
13 Va
16% Jarr
22
263/a Dec
10
11%
Apr
18 Va
No
par
55
Mar 27
■V: 66% Nov
1
No par
No par
17
Jan
27 Va Nov
102% Feb
16
-100
Car
62 Va
21%
22
106% Jan
30
Co Inc
112
112
22%
32%
preferred
2
1153/4 Dec
preferred
Oil
12,500
112
A 32%
/:•
,
33
*21 %
32%
32%
22
Dec
59
10
13 V4
18%
Dec
Dec
Jan
July
27
87%
Jan
18%
Dec
26
96
Jan
109%
Nov
10
104%
Jan
113% Nov
xl48Va Nov
14
113%
Jan
122 %
1133/4 Nov
119%
126
Oct
4
121% Jan
3
1123/4 Oct
118
Jan
20
No par
47% Jan
22
65
% Oct
10
37%
Jan
52 Va July
No
oar
17
24
24 % Dec
8
14%
Sep
18
Mar
100
-
Jan
No par
pfd $5
(The 1
5%
conv.
preferred
Purity Bakeries Corp——*
800
1,300
Dec
52% May
—100
100
Pullman Inc
8,100
/
'It
7%
Oct
mn
No
B
Pub 8er El & Gas
110
61%
;
;
,r
NOV
31
100
106
4
1123/4 Nov
29
110
,.
Jan
138
8
r
112
112
32%
Feb
Nov
28
1
Gamble
8%
300
.
*
32%
23%
105 Va
Sep
100
$5 preferred
6%
preferred
710
13
28
126
100
Pub Serv Corp of N J—
1,110
;
37% Nov
108% Feb
9
'
144
112
&
10.600
125%
143%
112%
Steel
Procter
/
114%
125%
62
,
Pressed
3,000
23%
114
61%.
<112 *
65%
2
—100
Pocahontas
10,000
24%
64%
125
.
22
.>
24%
.-./
Jan
6
7%
Co class
&
25
Dec
8% Jan
(The)
Nov
48% July
105
Sep 29
118% Aug 20
8'A Mar 26
35
39% Dec
pfd
July
117
Sep
Apr
23
100
pr
16 Va
Feb
Jan
42%
Jan
10
Inc
Creek
Poor
x98
par
Plymouth Oil Co
2,300
27
No par
No
conv
ser
Co.
Plough
Pond
V
22
Co
■
114%
*114%
■:
22
23%
132%
22%
*21%
66
132 Va
34,A
.
24%
Plttston
33
*30%
22%
144
144
"
V *33 <
132%
33
24
115 %
125
22%
1,500
4 23 V#
23%
23%
114
61%
r
24%
64%
124"'
<114%
24 Va
66
125
143%
24%
22
115
142%
2.500
/■'/; 200
25%
< 66:
24%
132%
19 Va
27%
*30%
125
132%
18%
*26%
22
113%
)■: 132
19 Va
1st
11V*
6
59% Dec
2
100
Pittsburgh & West Va
Pitts Young Si Ash pfd
*197
24 Va
33
22
24%
25%
{ 66
23%
a *30%
<
5% %
200
27%
24%
< 24 %
22%
,r
18%
27
27
30%
*26%
19%
A"
*29%
„
*197
*197
;,
Glass
Plate
S per share
11
100
Screw & Bolt
Highest
share
6
Dec
1
& Chic Ry
per
13
1
Co
t
13
.No pa*
...
Coal
Pittsburgh Steel Co
7% preferred class B
5% preferred class A
''
85
Co—No
preferred
Pitts
15 Vs
;
Ft Wayne
7%
43%
Pitts
*118
<
Consolidation
Pitts
43%
Apr
34% Dec
124
Mar 29
44 % Jan
100
Purging* Co-
*197
*203
Pitts
113
25
Chemical
&
Sep
par
No par
Louis RR
$5 conv preferred—
40
21%
Coke
St
74
5
preferred
Pitts C C &
23 Va
100
Hosiery
Year 1944
S per share
share
111
No par
No
per
Lowest
Highest
56'/a July 24
IO73/4 Sep 11
14% Jan 20
100
„
Pillsbury Mills Inc__
60
11 Va
preferred
S
5
PWhlpa Jones Corp
i% preferred--*
Phillips Petroleum
3,600
23%
*203
44%
56%
10%
104%
100
22
*23%
■
43%
10%
10%
*197
*203
42%
107%
135
105
A!r 21%
*197
*106
*126
10%
10%
4%
125
135
■
*103
22 >/8
23'/a
*
A
:
Range for Y car 1945
Lowest
Philip Morris & Co Ltd
100
*32%
*121%
107%
*126
.'A*.
113
35
33%
*106
*109%
Range for Previous
STOCK
Par
1,900
125
32
34%
107%
113
65 Va
*31%
34
-135
65 Va
YORK
EXCHANGE
Shares
per share
*32%
57%
*33%
10 %
$
share
NEW
the Week
i
*121%
*31 '/a
*126
Jan. 4
,.
65%
*109%
32%
125
.y/57
per
65 Va1-
113
32%
125
57%
$
Sales for
Friday
Jan. 3
per share
•*121'/4
57 Va
RECORD
STOCKS
Thursday
Wednesday
Jan. 1
Dec. 81
YORK STOCK
SALE PRICES
AND HIGH
Quaker State Oil
No
May
23 Va Jan
Ret Corp...
103
Feb
22
Jan
108 V8
Dec
Nov
13
19%
Jan
24%
Oct
22% Dec
3
153/4 Jan
par
Dec
11
12%
Jan
16% Aug
35
v?'
K' 17%
17%
i;
90
v.
16%
130
132
110%
l
16
/A
/
127%
*37%
■
•105'%
90 Va
27%
26
;
108
*120
:
^S4
/
30
-
30
», ;
17 Vs
17%
*89 Va
90 Va
'42
.
;
it
25 Va
25%
25
108s?
120
/
'-•
120 Vt
42
102%
K: 26%
263/4
26
16%
16%
*119
31
i.
*29%
16%
31
40%
%
36
.*101%
.
41
:
...
16%
26%; /;
26%
:>
21%
*103%
21%
21%
37%
45
\ 104
104 Va
A,
17%
17%
16%
27%
27 Va
*27%
11%
23%
26%
:
45'A
*43%
44%
105
12
Jan
80%
7%
Apr
10% July
145 % Dec
10
85 Vs
Jan
A
37%
17% 4
27%
28
28%
11%
29%
29%
28'A
28%
28%
53%
53%
53%
53%
25%
26
■:
113
'
11 Va
29%
X29 %
1
29% V 29%//
29%
46
21
5% %
/ /
conv
Reynolds
Reynolds
500
9,500
/•/ 1 140
/
28 Va
29%
29%
33"%
Jan
Dec
12%
,
Feb
28
Feb
343A
Dec
18
July
29% Mar 19
15%
Jan
21%
Dec
50
43
5
50% Dec
28
32%
Jan
42 %
Dec
50
363/4 Jan
31
46% Dec
6
27%
Jan
363/4
Dec
11% Jan
22
28% Dec
6
5%
Jan
13
102% Oct
16
137
Jun
23
90
Jan
155
69% July 26
143
Dec
14
50%
Jan
Mar
■•
3
44% Dec
6
22
36% Dec
10
25
993/4 Jan
5
102 Va Aug
10
15 'A Jan
3
17
Jan
3
31% Dec
29
6
Dec
11%
*•.' 18
Dec
Dec
85 %
18
Feb
Dec
Nov
Feb
14%
24
Dec
Apr
233/4
Dec
x837/s Mar
10
18% Dec
7% Aug 20
1
ser
A
997/8 Nov
6
8%
Apr
Rheem
series
10
Jan
2
117% Dec
12
14 Ve Jan
2
23 % Dec
12
8%
16
Jan
31% Jan
2
Oct
18
28
Jan
46% Nov
8
36
May
37
40
37 Va Mar 13
99% Sep
106
21
Dec
16% Mar 27
10% Jan
2
18 3/4 Nov
16% Jan
2
31
Ruberold Co
1,500
30%
21
Dec
.
100
1,000
,
110Nov
98
No
No
Roan Antelope Copper MinesRoyal Typewriter
Ruppert,
Rustless Iron St Steel Corp—7..^.
15,600
/■
2
5
Ritter
600
/'•?
87
8
115
Co
Richfield Oil Corp
4,900
11%
46
16
13
{$. 243/4 Oct
15 Va Jan
Mfg
1,500
:5
28 Va
10
Nov
16
87 Va Jan
10
3.60%
33 Va Dec
4
11 Va Jan
1
10
Tob class B
22
102% Jan
100
Spring
Preferred
900
preferred
(R J)
19 % Jan
No par
IOC
No par
100
No par
Common
1,000
29%
A
44
30
28%
7
8
—1
preferred
Reynolds Metals Co
170
'233%
.
•:i9% Jan
7
38% Jun
2
Jan
8
Nov
22% Jan
Inc
rfi 5% %
2,300
-^5
16%
'
28
45
10%
.
44 Va
28%
10
,
105%
16
-
343/4 Jan
Dec
22 Vs Jan
1,200
11%
28%
i
.
45%
23%
25
111
No par
10
with warrants
Revere Copper & Brass
5,800
37%
105
105
600
>
114
*43
433/4 Dec
Mar 26
1
Republic Steel Corp
6% conv prior pfd
20,400
32 3A
21
23%
16'A
*43%
111
;
114,
45
27%
.
32
& Co
Motors,
Aug 11
16
Dec
1073/4
100
100
i-
Republic Aviation Corp—
10,500
,21%
►109
Reo
2,300
•
July 18
33
"
July
0
Hosiery
Preferred
2
50
Remington-Rand
/
Jan
Aug
V
30%
30
37%
*104
200
16%
V J-:'
21%
114%
23%
36
44%
,
Apr
69%
25
1st preferred
2nd preferred
1st pfd
Reliable Stores Corp
Reliance Mfg Co
1,200
110% •ill-/''
32%
-'V 114
44:j 20%
<4/ 37%
104%
29%
44
114
24
11%
11%
28%
32
32%
21%
21%
37% "37%
/
r
104
24
110%
113%
45
24
110
32%
,
37'/a
•
■■
44
«
*107%
114
37% .•••/
44
8%
8
10
19% Dec
103
No par
1
—
7/
5,900
100
103
Silk
Preferred
Rels (Robt)
80
35%
16%
111' :4
21%
110%
r
21%
Real
70
26%
'•v
30%
29%
22
non-cum
41%
*101%
26 Va
&&1L";
111
non-cum
4%
41
16%
21%
34
113%
4
30%
29%
111
22%
110
115
37
'
112%
33%
34%:-
*21%
'•313
21%
*107%
110
*113%
10
90 Va Oct
18% Dec
91
pfd—100
Reading Company
800
>•/
3%%
preferred
4%
34%
102%
.16%
,
:>
Co
Inc
100
29
'*28%
$2
5,500
'
25%
v
Purina
Rayonler
300
46%
*
40%
4;* 101%
/
51
116% 117
4 35%
35
101%
26%
.16%
*111:
V
22%
34%
r;
30 Va
31
112%
*107%
2
15
77/a Mar 26
10.0
Raybestos Manhattan
600
106% 106%
28%
40%
27%
25
'
116%
28%
•
101%
25
800
*45Va
108 ««108
••>
16%
;
*
;
37%
■
30%
10% Jan
::78% Jan
1
mm
preferred
conv
Ralston
5,300
.*50 v»
45%
r' 116%
35% 435%
102'a
•
'
"
,
22Va
27%
51
45 Va
6%
90
.■
-
41%;
37%
■-
Radio-Keith-Or p'
6,400
22
27%
*50 lA
/•
46%
110
/
41%
5
37%
26%
50
50
•;/.. «>44
126 Va
22 V*
37
;
:?A 103-
35%
♦101%
22%
No par
$3.50 conv 1st preferred—No par j
700
64 800
110
111%
>
37%
r
*40
35V4 "36
*111
Radio Corp 01 Amer
82,200
16
125
41 4/: 41 Va
21%
108
116%
*110
.
15%
:
128%
<28
27
16 Va
123
# iJi'.V
25%
'
*29
/.>•:; 15%
22%
47%
25 Va
/$
42
*37%
273/4
.44
-r
110%
M
VC//22v:/
//'.•41
351
*50
130%
110
•V.
37%
Zf
108
*40
HO'/a
22%
28%
51
*25%
128'/a
41 %
;
; *44% ,"':47V2 ■$#;
;
4.4 17%
90
16%
:
22%
37%
'•
•■4/17
90%
'16Va
.
129
*37%
22%
28
17%
90
16%
:
;41%
41
22 Va
*50
90 yz
/
*110
110%
41
;
S17%
3
"
*89%
/
.16%
v
17%
yy, 17
90
Company
6% Aug
19 % Apr
33
7
10
Dec
12% Dec
/. 29% Nov
Mar 26
48
Oct
Sep 22
177/a July 17
(The)——No
34
21
Jacob—
13
26% Dec 11
23
7
22
7
26
Apr
21% July
Jan
6%
102 V8
Dec
12% July
63
Jan
88
Dec
10
Jan
16%
Dec
85%
■.
Jan
Apr
«««*,
k
13
8%
13
5%
/ *»*;«•
100
Dec
15% July
35% July
39% Nov
,
,
Jan
19 Vs
Feb
Oct
11% July
^an
173/g
Apr
9
Dec
Jun
17%
Jan
24 %
25
Jan
34% July
Dec
7
30% Dec
11
56
16
27% May
28
Oct 23
115 Va Mar 9
14% Dec 10
110% Jan
July
14% Jan
23
Fib
A''A
53
53
26
,26
•
113%
.
113
113%
13% A/;
13%
117
13 Va
■
124%.
•
122Va
114
12 Va
120
C-
58
AvA
25%
■A 113
114
*113
13%
12%
116%
25%
25 Va
25%
25%
*113
13%
118%
.-j /••
•'• '':**&•!■
.
52%
53
52%
-
12% ;
114
12 V4
115
118
53
8t
1,500
'25%
6,100
113
160
•
,
<12%
<
118%
5,800
33,700
,
:
Joseph
teed—————.i——«—lO"--
Safeway Stores
——;
5 to preferred
Savage Arms Corp—
Schenlev Distillers Corp-
•.
'
57
*55
57
*111%
114% i/
*109
'
34%
'ZA':
*67%
v
29
*111%
AAV/
1143/a
58
*109
—
J',
<34%67-%
29% * A/;
29
13%
13%
13%
36 %:
36 Va
36%
23 Va
23%
22%
23%
113%
*111%
113 Vn
21%
20%
20%
'
:
25 Va
98 Va
-•
^
,
22%
♦111%
f
-if.**-'.'.{'Ji
:
—Ml
29 -.A
;
*12%
<
,23
113%
A 36
20%
26?a
29
•
'
22
•
V:'
4.100
67%
200
29
29%
;f& *12%
3634
22%
22%
111 Va
111 Va
21 VB
800
37%
21%
.
111%
20 Va
:
21%
:
13
2,600
30
.,',
28%
A' A
99%
'
23%
99
23%
23%
23%
-
—
•.;
y
'
*77'/a
*20
%
*67
33
r 80
Va
*77%
;
79
21
21
68
*98 V*
,,,
32%
68
123A
12%
12%
46
45%
68
41
19%
20%
*66
32%
V
45
32
12%
12
46
41
*••
12%
46
—
23 y8
*77
20%
'
33%
99%
.
20 Va
68 V4
33%
99% V
237/a
<y;." 23%
< 77- ■: A; 77%
t
21
69
^
A :
,
,
'583/4
►40%
413/4
19%
19%
19%
59%
583/4
59 %
►20%
20%
20%
20%
23%
23%
23
23
19 Vs
*58
19%
*22 3/i
23%
50
20,800
2,800
:>'•';
*77
80 Va
20%
20-
20%
68
66
68
32
32%.;
/A,
7.900
.8.300
•A A " '
80
80 Va
32%
Paper Co
300
3,100
120
3,700
preferred
preferred
$4
Seaboard Air Line
5%
ctfs
w
i_JVo par
preferred series A w 1
Seaboard Oil Co of Del
Seagrave
&
Servel
No parJ
Inc common!*-,
107% Oct
1
7% Sep
26
16% Jan
22
No par
No par
No par
Shattuck
Pen Co
Silver King Coalition Mines
11%
11%
12,300
44 Ve
45 Va
1,900
39 Va
*38%
200
19 %
19
19 V4
19Vo
.40%
19%
30,200
57%
57 %
1.100
Skelly Oil Co
19%
20
1.800
Sloss-Sheffield
58 Va
57%
20
*22%
23
57%
.20
23'A
*22%
23%
30
Janr 3
12VsMar27
■
May 15
'Nov
124 Va Dec
61% Nov
2
114% Jun 13
113
Aug
2
37
Dec
71 Vs Dec
30% Nov 20
14% Dec
40
10
Nov
24% Oct
18
114
28
Dec
10
100
Oct 17
25% Nov
7
79 % Nov
8
115
Nov
110
Jan
20% Sep
2%
18%
25% May
Jan
Fib
8Va
Dec
24% July
•
Dec
13
May
63% Jan
11%
Sep
72
Jan
9
;
/
Dec
18% July
78 ya July
14% Mar
: 76%
Oct
15%
Oct
48%
Jan
61%
Dec
24
36% Dec
3
20% Sep
28%
Apr
Dec
Aug 21 y;
P'nHatr
No
14% Aug 22
15
Feb
Jan
9
12% Dec 26
46% Dec
3
20
109
108
70% Nov
44 Va Nov
Iron
Nov
22% Nov 27
5% Mar 26
32% Jan
2
&
4~5~y8
Jun 27
21% Dec 26
30 Va Feb
Steel
Dec
37% Mar
7
No par
$1.20 preferred
9%
15
No par
v~
Dec
Jan
8
Bimonds Saw & Steel
Corp
7
38 Va Deo
115%
29
Simmons Co
OP
9
74
■
13% Jan 23
59
July 23
No par
15
Shell Union Oil
44Va
20%
78
No par
(Frank O)
11%
11%
-
No par
Sharpe & Dohme—^
$3.50 conv pref ser A
44%
39%
•/
17% Mar 26
1
preferred
(W A)
6
No par
Sharon 8teel Corp—
8heaffer
Mar
7
35% Oct 23
—1
Shamrock Oil & Gas—
conv
22% Aug 21
Co.——No par
$4.50 preferred
Nov 21
65 % Oct -31
9
Roebuck
$5
29
100
Corn
Sears
42
'453A
'
*40
23
•.'••
''A',;'"'
99%
23%
:
29
99%
34,300
■
99
1
•W-j.w
•
34 Va
13
Scott
$4.50
114%
37
22%
500
..
337 8
29
111%
"'•<: 27%
•
*66%
'
13%
36%
'20%
i.—''
•
26% ■":<
98%
25 Va
25%
.v.'"1'
•
*58
*109
'•,;
<67A«',.
•
29%
13
36
21%
*111%
■
34% :
67
.
57
'>*112%
-A
34
68
*28%
13%
36%
34%;
*67Va
:
114%
*109/
-A'
.-.v;; 34-
*
59%
58%
114% AA<*112
*112
—:
♦109
*67%
68
29
.
■>' 34 Va
34%
--':
■■
37 , Jan 23
5
19% July 27
-100 '
110% July 25
...5 ' ;; ■/ 8% Mar 27
2.50
41% Aug 31
No par . x42% Feb 23
No par
109% Nov
3
No par
108 % May 1
♦
2
7
21VsDec 11
41% Jan
2
15% Aug
9
65% Dec
22% Dec
22% Jun 22
24% Jun
7
11
5
No par
10
Smith & Corona Typewrlter.No par
48% Jan 22
29% July 27
Bocony Vacuum Oil Co Inc
13% Jan
96
Dec
3
40% Oct 16
18% Dec 10
9 Vv Jan
3
May
7%
Apr
Apr
35%
Sep
23
31V*
Dec
10%
Feb
16
Dec
24%
35
Sep
42%
Jan
13%
Apr
18%
Jan
22
Jan
23%
Jun
'
88%
86%
87%
83%
37%
373/a
*37%
38 Vs
•37%
17%
17%
17
17%
17
85
80
82%
80
82
38 Va
37%
38
37%
38
17 Vs
16%
17
16%
17
2,900
Va
400
Smith (A O) Corp
IS
2
Feb
54%
Dec
23
Apr
31%
Dec
12
29%
Jan
14% July
5% July
6%
6%
63/4
6%
6%
6%
6%
6%
41,000
12,300
South Am Gold St Platinum—
1
4% Aug 20
7% Dec
15
*35%
353/4
353/4
35%
35
35
34 V*
34%
343A
34%
1,100
Southeastern Greyhound Lines
5
20% Aug 20
36% Dec
8
20 Va
54%
543/4
54
54%
54%
55%
54
54%
54
54
2,500
South Porto Rico sugar
177
36%
•175
•175
177
60
60VaDec
1
180
Nov 29
37
Nov 16
24% Dec 11
28%
6%
*175
177
176
116%
•175
36
36
36
36%
36
24
24
*24
24%
233/s
59
59%
59
57%
For ^footnotes
58%
see
page
87.
6%
177
36
36%
36%
36%
3,100
23%
22%
23%
22%
23%
58%
57
58%
58 Ve
58%
1,500
16.700
8%
preferred
No par
100
29
Southern Natural Gas Co——7.50
Southern Pacific Co
No par
Southern California Edison
40 Va Apr
155
,
4
Apr 20
26% Jan
2
17
Jan 20
38% Jan 31
02
Nov 20
3% Jan
141
22%
Dec
Jan
Jan
21%
Deo
45%
Deo
162
Dec
Apr
26%
Oct
13% Jan
17 V*
Aup
23%
43 Va
Dei
Jan
NEW YORK STOCK
t
58%
83
83%
share
58%
56%
57%
83
83%
83 Ay
83
Av
93
*91
*91
93 *
;
58%
2,800
93
20%
19%
19 Va
19
11%
10%
11%
10%
10%
10%
It
18
17%
17%
IV/2
*18%
19%
17%
*88%
92%
*88%
92%
*88y2
43%
42%
42%
*41%
42%
18%
92 %
*88%
92%
*42%
43%
*42%
44
35%
35%
35 %
35%
yA 35%
36%
A
35%
36%
35%
36
79%
79
*78
80
*76
;?i
22
"22 ~
22%
79
79
22%
21%
21%
22%
21%
22%
95
95 %
96
95
58%
58
58%
56%
57
56%
56%
~
40
40 Vb
40 Va
95
95
95
59
■58%
60
115
115
'
*114 %
114%
115
*114%
115
115
115
115
115
40
40
39%
40%
39
Conv
New
$4
90
114%
80
par
,
32.
Feb
10
3
113 VB
31%
130
117%
118
121
133
:
47 Va
41>
40%
40%
66%
66%
66%
24%
24%
24%
*106%
107%
•isa
'A'lAfcAyA;
43
42%
y
V
23%
26 %
26 V4
i-a 25%
21%
21%
21%
20%
20%
31%
32
1
27
81
Dec
115
Dec
:
116
Dec
20
8ep
v
31%
'
177i
32%
.
II
32%
::
'A-
,'
—
37
r36%
36%
—
*40
40%
—
'
—
40%
—
53%
53%
>/
38%
38%
■;;•■ 38%
33
33 %
33
39%
40 %
*40
12%
12%
53%
52 ,7
.
'.aa
—
33%
41
—
—
38%
25 V
oc%
26%
mm 6.600
21._
3%%
Feb
85%
34%
Sep
Sep
50% Sep
39 % July
7
31
34%
68% Nov
13
19% Aug 20
27
Oct
108
Nov
20% Dec
Stone dr
20%
l
Webster——i.——NO par
V
i
.
•
2
/tit:
t
>. > '7
\
(The)
>
9
3^% Dec
15
106 V Nov 26
Jan 22
16-
25% Dee 10
28% Dee 10
22
Oct
8
10% Jan
2
18% Jan
2
•
10%*Jan 24
A
11% July
3
Oct
^45
Aug
101% Sep
1
Dec.
47
% July 26
.
58 y, July
'1
9% Jan 22
-
Dec
Jan
19
,
L-8——No.par
iThe-
74 ya
18
6
56
Sterling t)ru^. lnc ■;coiomoni,i^A,:ii.5,:
3V2 preferred
100
fl
k Ste* arc-Warner ;: Corp—»—
StOkley-Van Camp lnc—
20
'0': 5% prior preferred-,^—-.
iun
18%
—
38%
18% Jan
9y4
17% July
13% July i
Feb
5%
Nov 27
33% Dec 10
2
—
-
11% Jan
24
Feb
10
7%
.
Apr
12%
,
':■/ Dec
i;f;"
Dec
20 y, July
:?iy..
Ais:
40
10,800
5,300
...
500
y
-
37%
33
7%
32%
38
32%
39 Va
39
39
39%
v 2,200
■■m
/
16
64
Jun
121
Jan
Dec
1,300
2,100
•
—
26
37
Dec
3
17%
8
:
Dec
5
■
NOV
20
May
9
[
64% Feb
19%
10
Dec
<
26
3e
Apr
Sep
- 29
•'1
lySt'A
y
Dec
Dec
A1'A': A?. A:
.•
tt%
:
27%
Jan.;;
26%
Nov 30
,
10% July
85% Dec
Jan
66% Nov
Dec
40
128
5% Jan
Dec
Oct
Oct
64
i
Feb.V7%yy 7% July
5%
6
33
Jan 22
.
—
10
23% Dec
Sutherland Paper Co
10 ;
31
Aug 11 y 42%
62
8weets Co ol Amer (Thej—^«»12%
17% Jan 2
39%
8wlfi A CO————28
30% Apr 6 : :
31% Mar 21
38%
Swift International Ltd—...,
Apr
8
43%
Qyivania Elec Prod's Int
No par yy 29
3,500
32%
' I
25
100
Superior Bteel Corp..
yyx::fi\ 200
53%
73 Va Nov
119% Oct 31
5% Aug 20
10 / Mar 9
, 22
Aug 21.
—;—-25 k-!'.79 ..Jan 3
8
6
127% Mar 24
Aug 13
—No par 0'- 51
Superior Oil Of Calif—
900
37
37
40
54
33
53%
40
Apr
27%
,.
Jan
■yAly'
iSS
%
■/
14,600
■
-
32M?
1126% 126%
129
36
129
36.
8%
21V*
32
X31%: 32
38%
3.9%
<
preferred—_No par
Class A pfd (AVs% cum)
100
.Sunray Oil Corp—
—I
Sunshine Mining Coi——
10a
Superheater Co (The)—No par
140
.122
8%
20%
■«*
18% Dec
109
Dec
16% Nov 30
109
Dec
6
Corp.......
Sun Oil Co
*>*
'33 V*
A33
'¥00
;\;v/7
Chemical
$4.50 series A
*107
109
•;'>
13
12%
100
-4,400
;
31%
32% 32%
*129
133
36%
36%
*40
40%
*
53% 53%
-
133
*130
A
40y.
10
Stmmara oteet
Studebaker Corp
121/2 121/2
£*: ■£*
II
::
32%
22%
9%;
20%
17%
122
32%
108
22%
*21%
21%
*107
—
vyf*
\
71%
8%
21%
25%
^
21 y8
31
49% Dec
,44% Dec
,*• 38% Jan / 2
Feb
,,
21%
*40
25
20
■30%
;
~
"
TOO
122
8%
131
V-
,
,
A/
109'
22
58
illo'
-
J,
*69%
123%
8%
■
4.000:
42 Va
106
23
107
134% Dec
preierred series A
100
pruig_1
24%
•
23
24
Sthrrett Co
Sep
*y« July
Dec
78% Jan
Jan
>
116
Jan
2% Nov
31
,105% Dec
100
110
19
—-
33% July
Dee
2
of
Dec
V.
121
A 33% Jan
Oil
—•
23
.——25
New Jersey——25
Ohio,.
.*.10
Indiana
Standard Oil of
"v
..
67% Jan
:
Calif——..u.No par
Standard
27%
—«*■
33%
Oil of
44%
41 Va
23%
337/8 Nov
Feb
;
■
115% Aug 23
2
Standard Oil ot
22%
107 '
108
2
2% Jan
Dec
04 V.
7
-
'
12
■
38%
-
Jun
Sep
Dec
79% Nov
v.
57
l
49% Dec
2
Standard
' 11,800.
yAA 3,700
'
9,600
107%
18%
*107
v
—
42
42%
22%
20%
*107
71%
17%'
,
21%
17%
17%
109
nil
ii-
—•
'■
26
20%
31
18
107%
*107
Jan
8,400
r
24%
24%
Dec
48
13%
Feb
33 v4
'
A.
.
Jan
50%
1
.
10
31
40% Dec
,
38 % Jan
16
10
Feb
3 'A A 0
237/8 Dec
99 Va Nov
2,600
9,200
I
67%
V 67
*43
*106
'
17%
"A
'/jpf-*
18 y8
23%
23%
*107
••
.
18
500
'
Ayy-sAy?,*42%
108
*106
108
' M
3
•
42%
42
*106
18%
44%
47%
41%
40%.
:v-24%>24%:il
24%
107%
'A ;i->
'■
44
135
46%
-A
66%" ~
**66
67
*107
107%
17%
*42%
18%
13%
*42 %
134%
I
1
■.:■&£$
.v
Dec
35
l 5% Jan ;
y
16 A
83% Nov
111% Jan
i. ....Wn
s
&.E Co $4 pre!—No par
$6 prior preferred-.
—.-—No par
$7 prior prelerred——v-No par
75
29% Nov
20
Standard G
;38,800
123
*121
:
41%
"0%
preferred
$4.50
IOO
32%
Dec
May V
31
'
46% A 47% A;
41 %v
40%-
67
24%
AAA 2.700
45%120
31%
136%
134
v.
45%
*114
32 y2
120 y2123
138%
47%
48
-
Ay?
120
30%
125
66%
,41 -v,
*113%
32%
134%
134%
47%
47%
47%
114
123
130
*116%
45% "47
A. .'43
32
33%
31%
31%
47
114
*113%
114
114
48'A
47%
48%
48%
*
■-■■';
Jun
May
Jan
28
•
7% Aug
9
11: A?. 22%
Dec
Dec
.Nopar
13%
141AA 55
8 A. 28
107% July 27
Inc_
Nov
4V4 Jan
39
58
Brands,
Dec
95 V Sep
44% Nov
9
■37y2 Jan
preferred
Standard
Dec
82%
•
2
*
Dec
•
;
Dec
69
A;
"
Mar 27
76% Jan,
(E R)
34%
.
20
..12% Mar'27
•
V
>
■
share
per
A; A
Jan
Ivi 12
10
12% Dec
Jan
'
;A,?'
Highest
$
2
27Va Jap 24
47% Jan 12
—No par
Dec
20
-
A.:\ 54
5
21% Dec
24
6 V* Mar 27 ;
—„—
preferred
93
39
Sijutht)
loo
2,200
12 A A 407/. ' Jan
11% Jan
No par
... 1
—No par
2
—
84.50
26
A 7% Jan
Square D Co
1,600
1
(The)
iuc
■jpiegei
340
•
.No
Mfg Co
9,500
95
94%
95%
Soicet
300
60% Dec
87% Dec
5
I
?
share
per
22
80 y2 Jan
—-,._1
Kellogg & Sons..;
$
share
per
22
—No par
preferred.
Sperry Corp
6,ioo
:
79,
80
*79
H5.5 j
$
share
;?A Lowest A:.A
Highest
64% Jan
(A G) & Bros Ire—.... —1
& Co—...
Spencer
"300
;
&
vVittnugton
Spear
800
,
per
:
yy
32% Jan
—No par
preferred.——,-100
Ohio stk tr ctfs
100
Railway
Spalding
900
6,4oo.
92%
A43%
18%
*88%
19
19
19%
$
tiun-cum
Mobj'e
•
'
5%'
•
■
100
91
91
A
11
20%
Southern
6,700
84%
*19
93
11 Va
-
y.yAfyvAA,
;Ay aa ;A:; ,,; :yy ?
Par
.
57%
Year 1944
Range for Year 1945
Lowest
EXCHANGE
Shares
*83ya.
*90
'91 %
*19%
18%
the Week
I per share
share
per
57%
58%
84 Va
$
$ per
share
per
58 %
84
A-
Range for Previous
ly/AylA'NEWl'YORK' STOCK;-;V-v'
Sales for
Jan. 4
Jan. 3
Jan. 2
57 %
Friday
Thursday
Wednesday
t per share
RECuKD
STOCKS
SALE PRICES
Dec. 31
Dec, 29
Monday, January 7, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
4
...
;
...
AlAlIlA
III
13%.
*12%
12%.;
12
12%
;
i8
17 Vi
17%
,,.
18
t
*
;
110
*109 Va
—
61
ioy8
10%
10
17%
■
■
■.
i
:
9%
63%
63%
*17%
II
■
II
%
56%
--
22Va
47
47%
,
59%
„
J *107% 108
47
65
/
15
20%
21
'V,
8%
*55
v
20%
46%
A.-47/. I
62%
62 %
17
■
,y<"
39'A
107%
39%
*105%
39
38%
*105y2
107%
38%
]}
,
9%
111%
16%
"
;
""
42%
42
*28
9%
-v;
„
3—
20%;
66%
•
.
.29
111%
16%
16%
■..i7
-
::
112
*111
69%
*28
WA
10
111
'20
20%
20%
67%
v.c••"v (*..
;
29
9%
111
,"
20%.'Ha
69
*28
108
•'
46%
'
.
63
21%
.
108
108
69
28%
9Va
div
Thompson Products
par
4% preferred A__—----y-----100
—
com—Ho
..
Dec
••'■
I
5%
:;
A
Dec
,;V
W'/■■'.'.■ :y.'V
'..
24% July
68
July
Thompson-Starrett Co
Nr par
J'
.1.1* " $3.50 cum preferred
9.800
Tide Water Associated .OiUi^jfclQ
I
200
S3 75 preferred —^-No par
Al.600 : ^Tlmken Detroit Axle——
*-10
Timken Roller Bearing.:—No par
47%, J
,
13
Jan
3
,15%
■
64%
y 15 Va
19%
"""
66%
112 .Va
i
Jan
21
?
Oct
f
Dec
04
16% Jan
Apr
10
Dec
-
10
13
,
Oct
|A
|
5% Aug
34
v;.
Mar
6
49%
18% Mar
.
.
:-;t?
;
p >%■ w &
;
Jan
Feb
,
,
17
Dec
IV1
July
,1
lAyylflyl
38
Dec
52% Aug
25
Jan
43% Apr
•'
16%
39
9%
111V'2
38 %
111%
.
16%
16%
38%
*105%
39
107%
*105 %
107%
40%
41%
39%
40%
'
9,700
40
2,400
17
50%
49%
4%%
104%
106%
14%
*13%
ldi/„
14%
«w;„
*146l/a
*146%
150%
14%
v
50 {■
15
147%
111/.
14%:
147%
147
50%
*50
51%
A3%
■/■A
150
y
18 % Jan
'
ty
Transit—I.No
5%
5
5
conv
•
Jan
10% Dec
2
% Jan
py 17 %
Apr
12%
00 29 A Dec
Jan
,
1
3%
34Va Mar 27
102
102
21%
V 28%
85
Nov 21
45% Dec 8
56
Dec
8
106% Jan 13
109
3
26% Mar 21
par
par
Par
3
10
..v.
Feb
■■
AVAIAAA
nrior
pfd
par
50
„
,
:
May 22
Dec
102%
Feb
28%
Jan yyy 35%
Jan
105V*
.
9% Jan
y .42A
Oct
Dec
3,
16
9
7
52% Dec
.
8%
Jan
.
I
K"
18%July
•
8% Dec i
5% Jan ■
yl---;. U2% Sep 20 ; 146 yDec 26 :'y 68% Jan
prefenJd
2nd
190
50
-
2
Dec
AAA.,
,
..Jan 13» : 112% Dec
3y;V 85
Jan y| ; 105% Dec
103
10% Mar 22 A 17
Dec 25 Ay:' 8% Jan .y.. .11% Nov
preferred a,..::...——100.
20th C'en Fox Film Corp....No
2,700$1.50 ptiferred
—.—No
yyy $4.50 prior pto..——..No
900
Twin City Rapid
50%
106%
1
Dec
33V: Dec
26" Jan 15
.
No pari
$6 preferred——:.
Truax-Traer Corp
——No par
Tubi.e Ravon Corp.—
-1
,000 i
40%
49%
.
y"
v
5,200
38%
107% ;;
*104%
104
Trl-Contlnental Corp
210
112%
«
.St'l—No par
Transue & Williams
200
I 9%.vV
" ' '
Transcont'l & West Air
200 y
29
106%
50% : 51%
*52
Transamerlca Corp—.
3,900
*
1.%
ceD32Jan
14
8./.
■
./iliAAl-;.
'i
Dec
13% Mar
Jan
2
18
Dec
12%
•
r
m feij
26. v
25
8
22
50
32%
8
Nov 27
Jan
.//yyvyy;;-
r'D!!'
•
4%
107% Nov,23
52
Dec 4
-66
Oct 1
2
Sep
Nov
I
11% Jun
61% Jun
22
34 Va Jan
101,
9%
Dec
7
Dec' 7
Mar 1
Dec 10
iyy y>:
mm-
9% Nov
Jan
81%
15
Dec
Dec
10% Nov
35
Jan'
''
Jan
50% Feb
6
Oct
104
'
' 12%
15
17
t, 18%
'45 July 17
106,A Oct 2
^No par :?
4VW.an 2
4,800
-
62%
—
July 24
10 Vs Aug 20
——,—.25
Thompson U R)
800
21%
53 %
.50
preferred—.
conv
Aveuue Transit Cor p._No par
200
'■>
20% I 20%
68*4, 69
*28
9»/2
111%
16%
.
*105%
,
—
*104
•
$2 Va
56
108
11 ." i'V:
*■■■•».•.
Dec
f
—
Third
15%
*112 V. 113
8% ; 8%
8%
62 %
A,47%
par t
,
.
...
' "541/2 55
21%
21%
108
108
14%' Mar 3
$3.60 conv "preferred—No par (44% Mar 29
6
The Fair
-No par rC" 8% Apr
"
X93% July 19
6% preferred
„——-100
9% Mar 27
Thermoid Co common
—No
17%
55% Nov 27
•
6%
37% July
29%
20
20% Jun
22
30% Jan 30
50% Jan
—
3,700
r A *17%; is
60
60
59%
oo-.z
*
A
'
%
I
13% Jan
•
—
—
:ai\\
20%
69
1#
,<
"
63
-
17
;
8
Dec 26
44% Rep
Dec 12 ^ 4% Feb ^
Nov 1 •' 32% Apr A ;•
Nov 16
14V4 Feb
Feb
A
8%
■V
Thatcher Mfg Co.
1.!
.60%
.100
.
113
,111
*112
8% "
1l% 2t%
.Vl-'A-Il
—
.
60
28
2
62
2 > .10%
2 ^ 51%
ly 18% Aug 21 A 31%
V
'■■•'■
»
Oct
110
48% Jan
I- ; V 6% Jan
iAI 36% Jan
Land
Texas Pacific
Texas & Pacific Ry Co
*16%
,
67
6.800
.
105% July 26
5%: pfd-100 '
Texas Ca (The)
—-———.—25
Texas Gulf Producing—1—-1
Texas Gulf Sulphur—
—No par
Texas Pacific Coal & Oil——10
17 V«
*27
17%'-13%
.18
*9
61
13V.
,
113 v:;-
.
8%,
107 %
63%
61
59
*112
9%
107%
A
'
48%
*102%, 104
%
'
14%
14%
60%60%;? ;? *59
60%
:13%
.
27%
16%
16%
: 16%
,*102% 104:
13%
14 Vt
/'y
17%
*55%
47%:;
*47
13
58%
%22
22%
-
113
9
io7%;;„;
.
4,500
4,400
V 1,900
'
16%
V-.
„
14%
*60%,
12%
*58
56%
.
22
*107
(
48%
27%;
48%
'j'iTu-'J
48
61
17%
14%
II'
II
61%
*112
9%
:
60I/8 )*%■■■*.
.
27 ;:■'
:
17
":
27'A
61
,
17%
>17%
58%
113
16%
*102% 104
,
12%
.
17%
17 Va
58%
*112
60%
vT
14%
V-,,;..,
.•
2727%
,277/«
27%
.
13
60
Tennessee Gas & Trans
Vf
%■%
*60%
63
;
110
110
60%
,
I'f.i;;v 17
,
47
12% July
I
:7i./..
.
16%
'?4%
14%
V
.
17
*102
*12%
60 Va
48%
61%
,;■••/■.
17%
*6oy2
*55
~
„
27%
61
102
,..
,
28
61
27%
'
I 49%
.59%
*17
*109Va 110.
60%
61'A
K9%
10%?'
V.
49
49r/a
27%
27%
■■"'■'"-; '
17
;
K'.i;,..
*27%
49
27
'27%
17%
'
U Va
11'A
V 17%; 17%
*ios% no
x;
'17%,
*17%
.
10 V8
49
50%
■•-
'
60%
60%
48
*
—
.
.
v?
;•
-
—
'
110
*109y8
u% -
11%
(James
cott lnc
12%
-"
1'
13'
*12%
*12
AA:
pit
Deo
Dec
Dec
Dec
tM'
if
yA: A i
'i-
\
I:
9% Dec
118 ; Dec
•
y
y •:
W?\
ASSA
10% Dec
;;,;■'Ayyiyi
yy,.
22%
•
<7A
yyyy
Oct
72%
73"
25
25 Va
101
101 %
ioiy.
101V*
::
99%
115
26%
*114
*114
115
•114
114%
*114
114%
26%
114
26
26%
26
26%
140
*110
113
113
*110
40%
40%
40 Va
yygsyy
139%
138%
140
40 Va
100
101%
vv'Av.
*114
:
•;■'
*114
.
100%
V; 101
25%
*
pfd_„No par , xll0% Apr 27
Preferred $4.50 series
.No par '
111% July 11
20% Jan 22
Union Oil of California
—__25 •
109% Jan 25.
Union Pacific RR Co—.——100
114
114%
114%
114%
26 A.
25Vs
.25%
140%
141%
142%
143
113v
113
113
113
*40%
41
40
:
142
142%»
113
117% Jan
23
Jan
29
No
par
Union El Co of Mo $5
113
4%
preferred—.—100
non-cum
Union Tank Car——
40%
No par
I. 113
j
34%
,
113%
51%,
36
*112
118
*80%
35%
V 17%
93%
112% Dec 19
"45% Nov 27
.
:
25%
4%
27
16%
17
16%
49
49%
23%
23%
51%
50:%
109%
*109
23%
49%
-
12 Va
17
50
23%
23%.
For
footnotes
see
page
/
'
•
<
Dec
17%
Dec
9 Va Jan
5
5
14% Jun
27
Feb
88% Jun
27
Apr
ll7/a Aug
78 Va Aug
Jan
ll7/a
U S
1
i
l7/a July
42 Va
66
5
17 % Dec
—-—..—...,100
10
No par
6
45 V2
8
3
"52% Dec
10% May 26
Secur——No par
preferred „—
No par
Freight Co
Jan
8
Dec
26% May
36%
Oct 15
75%
Jan
91%
Dec
Nov
27
11%
Oct
15%
Jun
9
52
Dec
27
106 Va Oct, 19
112
Nov
26
Jan
109%
Dec
13% Dec
7
33% Jan
No par
Gas
preferred
$4.50
87.
IE
Apr
USA Foreign
23%
;;A;yy-y-
31
9
120
13% Jan 20
25
89% Mar
22
Mar
-eVa.Mar 26
11% Jan
23
26% Dec
24
103 Va Oct
16% Apr 20
.
10
107 Va Nov
,
98%
Dec
7%'iSep
4
Feb-
7%
Feb
12Ya July
14%
Jan
21%
20
28
'
Nov 20
v
•
'AAAAA,^
Apr
24
106%
.•.
'I". I'-fy AAl.'A
AAVAA'/'
Jan
Jan
5%
•
-■■'; A.y
•
A,
}.'•
1 Va
United Paperboard—
23%
Dec
12%
Improvement Co.—13%
United Merch & Mfrs lnc Com
1
50%
24%
Dec
Jun
31%
12%
24 %
24%
4
109%
23%
123%
114
10
'12%
106%
A
13
109%
24
25% Nov
®A
ill
I*
Dec
29% Dec
preferred
12 Va
107
Sep
36%
May
22
110%
Dec
13
July 26
fil
{.
Nov
23%
23 Va
26
,
Mar
:;;;aI;"A ;
V;
33% Nov
50% Nov
United
106%
24
Dec
36
Jan
20% May
•110
Dec
Nov
2
22
Fruit Co
106 %
24
27
•■t
Apr
■
■p-:1
30
2
Engineering & Fdy
106%
Dec
/
A.
104
y
".
Juri .«;v,
1% Jan
United
49
6
Oct
Dec
38% Jan
.15% Jan
United
23%
51
22
preferred
112% 112%
24
2
7% July 20
Corporation
109%
*109
12%
12%
17
'48
2
26% Feb
Stores
Drug; Co
Dyewood Corp
Preferred
United Electric Coal Cos
79%
16%
8
If; i
I
v;
Dec
United
48%
49%
112
112
112%
*76%
Dec
Jan
102 Va
3
40
Nov
United
27%
12 V8
Prior
$3
.52%
79%
49
112 V*
26%
CigarrWhelan
United
4%
48 Va
*77%
78
*
25
%
49
12%
*76%
.
,2i;t
27 V8
%
12%
12%
11 Va.
200 % Dec
;
22%
3
114
82
Jan
66
Carbon Co—.
United-Carr Fast Corp
4%
12%
United
preferred
United
25%
27 Va
conv
22
22% Mar 22
109% May 25
Co
11%
11%
26%
5%
y 118
Jan
118
preferred
Biscuit
36
25
r48
4%%
United
36%
*33
11%
11%
48%
18
62 % Dec
*' Jun
20%
118
100% Feb?
Dec 11
120
12
22
;
92% Feb
J 26
119
115
Jan
.-v.i":■•'■■'.■•' I.."' ■i'-v-' r-■*■'■- ;
Aug 20
38% Dec 11
.
25%
Sep
f
Sep
8
24
31 Va Jan
81%
25
48 Va
104
conv
*80%
11%
4%
preferred
5%
United Air Lines lnc
81%
*33
4%
170
*35
*112
United Aircraft Corp
35 Va
114%
36
81
36
;.-r~
35%
34%
*113
51%
52%
118
*112
81%
'34
SI
VA
175
*167
180
36
■
115
*113
52%
52%
*171
35%
34%
34%
113%
Dec
109% Feb
6
Nov
j..
25
Feb
27% Dec
151
Aug 20
100% Jan
.29
116
$1185;
Jun
82% Jun
1
10,700
101
114%'
114%
78% Jan 24
102% Dec
Jan
9% Feb
26% Oct 29
:%
114%
*114
11 %
19
V
I,,
Feb
A.-:fyAA.
"Number
Volume'163
COMMERCIAL
THk
4453
& FINANCIAL CHRONICLE
NEW YORK STOCK
RECORD
LOW AND HIGH BALK PRICKS
Saturday
Monday
Dec, 29
1
;
203
*198
:
30%
30%
70
*68
*68
50%
!'
53%
11
11
37%
521/4
*30%
•'
31
70
52
11
.37%'
37%
14%
13%
30
•
-'
•
>v:
*10%
•'''
*•.<•«
37%
51 '
-
11%
*36%
i
38
10'/a
37
37
13%
14
600
53%
800
*10 %•
53"-:
*36 V*
36%
Partlc &
1,300
■
;;.62«//
46%
'
47%
6
67
10%
>
-
11
54
54
X.X
6
•
.
67
6
45
6%
v
•
66 %:
.
62
48
,46%
•'
■
11
; *10%
•
>> 'V*..'
64 i
*60
-
'V
48%
66%
,,•>
13%
1
,
64
5% I
671/4
13% :
'
14
14%:;
107/s
11
'
54
*62.
> 47%
6%,
V :
14%
10%
t 54
53
62
.'
10%
II::',
•
67
">*52%
46'/4"
6
X'X V
No
cl A
conv
75%
173
'•
75%
75%
87
811/4
81
80
1
>
66%
66
-
8'/a
5,200
*50
*21%
-
22%
106
ffa-
*50
—
79%
*85
81
28%
2,000
87
80
1
155
155
72%
71%'
"
300
51
,
27
50
Jan
17
70% Dec
27
42
38% Jan
10
55% Dec
10
No
6% Mar 27
50
44
4
•
8%
51
*106
109%
*188-'
195"
44%
43%
46%
•45%
188
"108
y
188%
45
„
-v
-
,'
45
r
?
7% Dec
10
73% Oct
19
40
Feb
18
130
Jan
51% Jan
6
144% Jan
6
__5Q
52
Jan
Jan
Nov
176
2
72
.
—50.
Dec
67
18
24
Oct
77% Dec
89
Oct
3
•
5
48%
18
Nov
7
Nov
46
Sep
5
50% Dec
8
4
69
10
7%
non-cum
United
$6
V ,
•
40
45% >,:}8,300
—23.
Stockyards Corp—;
No
24
8% Dec
6
16% Dec
29
5
121% Dec
11
Jan
2
25
Dec
10
2
9
Dec
3
5
52
Dec
7
31
24
110
Dec
28
68
Nov
16
162.
48% Dec
10
39
Jan
27
200
21
Dec
136%
27% Aug
Dec
48%
Apr
2% Jan
4% Nov
2Y4> Apr
76
Dec
63% July
Jan
23
Dec
61% July
78
May
Jan
Dec-,
54% July
150
50% Apr
44%
Nov
4%
Deo
22
5% Jan
! '
1,
1.
Dec
37% Jun
May
*119%
16
par
.
Universal Leaf Toh
No' par iM* 75% Jan
8% preferred—
.100,
178
Mar
Universal Pictures Co Inc—
1; / 23% Aug
*
10
4% Jan
par
No
Preferred
85% Dec
98% Jan
1;.
...3,
preferred-
conv
Universal-Cyclops Steel Corp
Universal Laboratories Inc.
?
70
v
preferred
United Stores class A—
68 V*
32
5%
Oct
106%
Jan
Deo
14%
Jan
3%
Jan
6"
Jan
41%
Apr
81%
18% July
Mar
July
Dec
Dec
176"
Nov
—
10
22% Dec
11
®
A
J
:
130
2,100
41 Va
400
♦161 Sf
*75
>7 qx-x
*75
:
76
19
*38%
;
39V4
108%.
*107
k
20
"
108%
33%
33
30%
>
*29%
31%
30%
30%
30%
29%
*29%
30%;
45
$ 34
34%
■'
112
*112
118
*117%
111
111
118%
118%
118%
38 Va
38 %
38%
v;-:\lr
55»/2
11%
11%
U
11%
•28 ',/■
48%
49
48%
88
88
*86
52%
.51%
52
*30%
32
■
37%
32%
37%.
:
351/4
35%/
'
48%
88
r
37%
r
39
*70
.
.
.
:
■>'
w
'
75 >
46%
46%
*iooy8
100%
100%
100%
'>29 y*
30 !
v.
y
39%
40
16%
39%
16 A
i
16 Vb
*32
11%
18
20%
20%
■
■
11138%
62
62
50%
•
*90
*91
*92%; 93
79%
-
'
111
>
38
60
1,600
..
113%
700
33
3%
59
11%
30%
,
!
1,700
?
Lsmmm'
37
35%
44'%
42%
44
15%
<-32
:io%^
17%
4,400
,
/ 15,400
>
,
*70'
17 »/8
19%
>
53%,
50%
52%
61'/2
61%
92%
79%
>
10%
21%
22
48
Feb
68
Nov
24
17 y«
Jan
X20
NOV
3
7%
Jan
2
16% Dec
6
2
105 Vs Dec
15
13
1,100
20.:/;
8
11%
Apr
15
Dec
6
22%
Feb
36%
32
Dec
3
22%
Apr
20
V;:
.:
-61'A
*90
36%
53%
700
500
13,500
•>
61%
r 900
96
95
*92%
93
<f: 92%.
*77iA
80
92
200
95
■;
> 100
93
50
*77'A
80%
200
22"
21
20'/a
21%
21'A
1,000
2
Instrument
33% Dec
8
15%
Apr
22%
Dec
47% Dec
5
23
Jan
31%
Deo
;7
par>
May 10
9
3
:
84% Apr
1
12
23% Mar 26
16% Dec
7
38% Nov
21
89% Nov
7 24 • i Jan v 2
2
37
118% Oct
15
8
112
Dec
20
7
118% Dec
10
40
Dec
6
115
Deo
1
22% Mar 21
106
Jan
10
40'A Dec
Dec
27
13
100
4% Jan
100
13% Feb
64 y» Jan
26'A Jan
118%
(The S S)
110
Deo
26%
18
18
7%
37 y8
3% Jan
37% Jun
Apr
July 10
29% Dec
31%
Dec
Jun
27
65
Dec
66%
Deo
Oct
15
41
Feb
53% July
35
Oct
15
22%
38% Dec
27
21
57 y8
2
92
6
"
Jan
311/4 July
:
Apr
31%
45% Dec
10
29%
Dec
36 »/s
Dec
11
25%
Jan
32
July
105% Dec
17
77
July
43
3
31
19
78
Feb
19
59%
Feb
107% Jan 15
"47% De? 26
97%
Jan
24
20'/a
Feb
32%
No par
20
87% Jan
24
103
21% Jan
9
26% Jan
•
Co
22
66'A
Jan
92%
18
Feb
22
20
Feb
29% July1
5
Jan
X64%
Jan
87%
Oct i
Jan
31%
Deo
Apr
July
47% Dec
6
8% Jan
3
18
Dec
6
15
94
Jun
15
30
23
35
Oct
17
12
3
Motors
Co
10
24
Dec
10
4%
Jah
9%
26% Jun
25
6
Feb
20 '/a
19% Nov
19
8
Jan
11% July
14'/4 July
13% Jan
•
128
2
2
Dec
10
138% Dec
14
Nov
7
19%
Apr
53% Dec
31
36%
Jan
44%
5
20%
Jan
41% Nov
1
47%
Jan
82'/a Nov
22
10%
Jan
100
Jan
30
;
10
22 V\ Jan
30
10 *
40% Jan
24
Worthington P to M (Del)—.No par :
Prior pfd 4% ft series
100
Prior pfd 41/aft Conv series—100
Wright Aeronautical—
—No par
38
Jan
15
70
Nov
79
Jan
3
100
Nov
80
Jan
5
100% Nov
13
49
Jan
75
Jan
24
110
Nov
19
69%
Jun
Wriarlev
69% Mar
9
84
Oct
15
58
Apr
7
13
Dec
*Del)
No
Wyandotte Worsted Co
97/a July
10% Jan
pfd
(F W) Co
Dec
July
6% Mar 26
16% Mar 26
-
1
No par
Woodward Iron Co
Dec
15
10
83% Jan
Jan
104% Aug
Oct
par
20
Deo
31% Dec
1
preferred
Dec
37% May 17
50% May 17
31% Jan
No
Dec
6'A July
16 y4 July
Jan
56
2
21
101% Aug 21
1
White Sewing Mach Corp
$4 conv preferred
Sep
Feb
103
H 14% Jun
64 *'•. Jan
Dec
July
2
30% July 26
100,
White Motor Co
Jr
Dec
103
No par
preferred
'Wml
113
28
22
Oct
Dec
Deo
Jan
12
37% May 12
27% Feb
Deo
102%
29
61
27% July 18
3iysAug
7
100
16%
Dec
50
12.50
96% Feb
85% Apr
113% Apr
Jun
4
3% Dec
17% Mar 27
32% Jan
28
Jan
26
-
85 %
83
16
Jan
25%
Jan
Feb
113% Nov
113% Sep
10% July
Jan
18%
8
101
Jan
28
100'/a Jan
„
6%
22%
77
Nov
109% Jan
par
No par
$5 conv prior pref
Woolworth
Dec
Aug
Mar 26
No Par
;
White Dental Mfg
Wilson-Jones
25
-
July
Jan
-No par-
Wheeling Steel Corp,
Oil
Jun
5
50
9
12%
$3.75 preferred
Wilcox
35% Dec
21% Nov
24% Jan
10
Preferred
Wisconsin El Pow Co 6ft
/
Mar 26
10 ye
14% Aug 21
29% Apr
par
No par
Wilson & Co Inc
*91%
.
Class B
Willys-Overland
93 '.
95
*21%
29
91% Oct
,.
pa*
"
22
Dec
8% Oct
1
Westinghouse Air Brake
12,100
52%
61%
Inc
Westinghouse Electric Corp—
17,800
108% Nov
f
14% Dec
43 ya Aug
Prior
110
Nov
20% Feb
30'/2 Jan
17'A
80%
93
*79%
—
X105
2
Western Union Teleg class A-No par
conv
28
Deo
15
Western Pacific RR Co com—No par Preferred series A
100
Elec
110% Sep
Aug 21
68
Sep
8% Jan
3
22
.*36
.
92
92
Lines,
Auto
167/8
*19%
36%
"60%
:/'.";/v
*1381/4
36%
*90 '
95
s
19
100
21%
,
19%
36%
'*92 >:■ 94
2,000
2,900
;>:>
io
90
34
*10%
22'A
*138%
..
•
*32
10%
16%
1
15%
*88
200
Sep
61% Mar 27
par
par
9
No
Supply Co.
Western Maryland Ry
,4 ft non-cum 2nd preferred
360
38%
15%
,
34
52%
>
No
preferred
51/2%
>
July,
Deo
105
Wheeling, & Lake Erie Ry—100
'•
155
Dec
Rights
f' 'j.:
29%
Feb
14y«
No par
Weston
101
14#
31%
5
Westvaco Chlorine Prod
2,400
17
Apr
100
60
•
Dec
Jan
5
100
46
173
Jan
No par
60o
75
38%
.
/ '.
Oct
5
38% Nov
10%
West Va Pulp to pap Co
1,350
v
125
26%
Inc
■
100%
"■
;v,
.
107%
>*28%
:
X
10%
20
42
40
45%
15%
90
447/8
Jan
40
9
104%/
*105%
38%
21%
>
42'
104%
23%
37%'
/;
*39%
.)
1,200
9'700
v>
32
35%
35 '/a
107%
45%
2.300
'' 'f
91
37
40
1,100
,
' ;;
49%
51% /
35%
104%
12,300
■
102.
7
pfd—.100
Air
10
4
4'/2ft
Western
Dec
19
preferred
Western
165
Dec
.100
West Penn Power
5,700
Apr
2
Dec
preferred
6ft
Dec
33
Mar
Mar
•
Nov
Indies Sugar Corp
West Penn Electric class A—No
60
Nov
"v 30%
Tobacco
6%
Aug;
63<
.45
42
West
140
117%
Jan
20
No
Wesson Oil & Snowdrift
7ft
43% Nov 23
Feb
37
78
Waukesha Motor Co—
180
*30%"
32
100%
*88
■
20
116%
'
■
79%
24,800
91
28%
22%
*36
94
.,.92%
--M*
17%
*138%
61%
61%
*91
92
38%
48%
75
45
34
-
16
38 y2
:
10
Wayne Pump Co
Webster
21
120
24
Corp
$4 conv preferred
50%
51%,
100%
19%
36%
53%
50%
*70
*105%
.'/
16%
90
*37%
104%
21%
••
A'
-36%
■
39%
M10%
11 %
w/42>
29%
.
;
44%
101
16
/
21%
—
*36
35
46
39
..:
17'A. 17%
20 v
20%
37
*138%V
35%
75
/.,v*33.:-;
21%
*30%
107%
29%
90
11%
11%
22
17%
50%
:
■.*+0+'•
34
21%
,
48
?
/; 1,500
34
10%
.
88
50%
40
100%
:
90
34
,
2,000
20
Nov
5y4 Mar
62% July
Jun
17
Pictures
Washington Gas Lt Co
87%
58
107/s
MW4$0i
".'
.3%
28
105
■45%'
-
16%
*88 S-
1.200
29%
10%
35%
*105%
; ■*>
40
.
92
-•'88
30%
33
28
37%-
*70
107%
46%
Petroleum
14%
Dec
3'/a Sep
Sep
50
113%
13% Jan
,..—100
Bros
300
13
83
64
par' I
No par
No par
i,
.1
Fdy & Pipe
1,400
Nov
30% Jan
No
new
Warren
38
3%
32
104
Baking Co
y2ft preferred
Warner
v
11
124
21%, Jan
4
Dec
55
145
100
G & W
preferred
Warren
*112'/2
58'%
88
*38%
—
(Hiram)
400
,
Dec.
85% July;
25 Ya Aug,
25
120
100.
: / ' 500
44
Oct
85
Feb
No
19%
.29%
51
Jan
70
No par
31%
20,700
Jan
63%
6
22
100,
u
45 •;/:
111
33
3%
43%
44%
42 %: ;\43
'
5
-580
115%
113%
32
51%
35 V«
-
•
46%
'
41%
28
36»/2 Jan
_2ft,
—:
9
Dec
Dec
Jan
.100.
;
preferred
Walker
57
Dec
Nov
8'/2 Dec
Sep 14
Sep;
16
May:
81
9
52
12 %
45% Jan
-25
4% ft. preferred
Ward
'
•.
4ft
118
pfd—. 100.
System
Walgreen Co
2,800
117%
*57%
3%
57%;
49%-:
48%
Wabash RR
Waldorf
3% Mar 27
100.
Virginian Ry Co-J.6% preferred
20
5,800
*112 > 113%
;
11
*30%
36%'
t.
104%
*104
*i05y2
30
$5 pref^
Va Iron Coal & Coke 5%
13%
38%
29
50%»
107%
*29%
Sc. Pow
Div redeem
14%
38% '
*112%
33%
:
mixmw.
35%
39
'75
..
:b
43% ,44%
43%
*42'%
40
'
■■
;
37%
431/8,
104%':",
*70
El
Walworth Co
*86
.;
111
%^>
37%
113%
*28%
35%
:
44%,:
*105%
Va
600
29%
117%
*116%
-
39
11
30
31
-111%
j
No
71
23% July
14% Nov
Oct
11
24% Dec
6
Jan
9%. Jan
14
5,200
;>43::;.
•
'118 ;' 118
57
-■m
,
106
>33%.
112
118%
3%; ;
".mZmXX
56i/2
*28%
112
112
33%
3%
/:>:3%
56
•
45% Dec
;
Chemical
dlv partlc preferred.
30%.
39
118
*112%
56
43 y8
8
59'/a Jan
6%
19'A
34
37
113%-
38%-
35
*34%
35
38
*118
113
113
113
*37i/2
24'A Jan
per
100
Va-Carollna
31
87% "
111
'
12
*118
*44
—ft,
Victor Chemical Works.
45
■/>//
14 Va
-
33%
*84
117%
*111%
*31%
:
88%
36
112
.
3%-
14%
:
103% 104
-
43%
.
118
<
103
,
■>'14.
*86%
35% .36
•117%
52%
20
20% .'20%
13%
13%
29%
*42%
14%
14%
88 Vb
*86%
4
47
108'/2
1,700
V13
19% *19% >
30% -30%
>'• 29-*.
44
f
■900
39%
.102'%
'>>•
31%
>45 >
•S
30
44
14 y2
113%-
3%
32 >A
>'-45->
31
19%
J A 14%
14%
*112
*34%
103%
*19%
35%
113
3 03 Va
'y 19%
29%
34%
38%
104%
.
131/4
—44%
v
•88'/a % 88%
35%
> 13%
103%
!
44
34%
13%
*39%
108 »/4
.
13%
19%
30% :
-*14%
20
13 >
-100
>19 V'-! '19 >:
103
20
44
*43
v
102
13%
>
..
108%
20%:
&
19% r 19%
*106%
,-i ; 75%.:
*75
13%
a
33
32%
/
44
*43%
39%
107
*20
#
104 / ;;
103%
103%
18%
39 »A
i3y8
20%
13 V*
•A 13%
13%! 414 As
13% >14>>:>
103
75
18%
-
108%
103
•
75
39'A
*107
io8y2
103%
*20
.
39
13%
13%
75%
18% .•'•18%
39%
*107
.
110
*
20''
100
*75
%
18% >19
39%
>19
104
90'/a Jan
Vulcan Detinnlng Co
Preferred
175
*165
48% May 22
86% Mar 26
100
preferred
nonrcum
1
30
-
100
5%~
500
49%
•39%
—5;
Vicks Shreve & Pac Ry.
3,000
i. *82
49%
Vick Chemical Ce
800
:
17%
28
9
13'A Apr
90
'.7%
122
♦21%.
34% Dec
50% Nov.
22
r
•121
79%
:
2
Mar 27
•
Co Inc
Vertientes-Camaguey Sugar Co-6%
200
42%*
7%
*33%
Jan
Jan
Norman Co
Van Raalte
8,500
;
79% V 79%- X
*104
Van
1: 700
104
104
30 V*
Vanadium Corp of
2,500
23 Va
*40%
:
Feb
2'/4 Mar 25
Dec
9
31
57
32
*103%
:
~i
48% Dec
2
160
1,200
»66V4
:
48
2
15
2
1-
%V
46
23%
..
Apr
Jan
Jan
7
,11,100
20%
46%
.
40%
Jan
46
58% Jan
200
30%-
30%
*20
S
30%
Jan
>
'/v '
V
5
21
5
35
23 Vb Aug
195
46%
Jan
135% Jan
I-
,
.
108
;%';.*189
8%
11% Jun
par
'600
1
8%i
51
107
v
v
11
9%. Sep
10% Dec
.100
].;
:
23
.
33%
Apr
No
12,600
118
*22%
8% •'>'.> *8'/a
'
;
*48%
Jan
5%
No par
1,600
15%
v
51-
107
(
15
*115
.
23
8%
*48
195 >
7%
*7%
117%
£ 22%
23
*8Ve
*48
•
7%
15%
*116
leys
27% Jun
>
Oct
43% July
3
U S Steel Corp
Preferred
20
51% Nov;
10
U S Tobacco
;
Jan
10
2
10
Co
15%
Dec
23
100
preferred-
Jan
12% Dec
39
7% Jan
9"% Jan
.
8%
t.hare
16% Dec
30 y4 Mar 26
:
par
Smelting Ref & Mln
'
> 14%
1st
non-cum
I per
34'% Apr
1,600
28%
50
:. 52%
,?-r 7%
118%
*22%
-
*50
7%
8%15% 116 A.
*115'
-
'—ml ft■X:-
110-
110
*188
-
52%
"
Dec
34% Nov
—...1
Preferred
22,400
156
28%
■
Jun
186
1,100
80%
155%
28%
U S
88
Jan
17
10
Plywood Corp.
8ft
100
(
*8% •;; 8%
115
43%
81
28%
22%
-
*48
195
86
155%
8%
r22%
8%
*188
52%
j
8%
51
*49%
73
80%
••v;:' 155
:
•f/i 155/a ; 16%
/ *116 ; 118%
16%
119
-; .8%'
72%
86
174%
*173V4
v
8%
15%
119
r
•
." 173»/4
74%
28%
!.'
152%
29% •291/4
29%
52%:
*50- ;
81%
%
152
152%'
*29
'',v
173-
1
87
'••/.'V *85
87'
*84%
"
*151
•
*73%
76%
■
-
*84%
174%
*173
173
Mar
13% Jan
"
173
*169
70
170
Dec
10
6,700
5%
11
29
115
115% Dec
20
tU S Realty & Impt
U S Rubber Co
S
share
22
1
U
Highest
per
Jan
par
U S Pipe & Foundry
U S Playing Card Co
200
$
77
No par
Lines Co
3,100
46%
57/a
66% \
65%
v64
46V2
400
:
share
22
No par
Preferred
800
■'
53%
ii.i *62
62
.
5%
■
'
.
•
—
U S
9,100;
.
per
Jan
50
'
W'UVI
$
share
77
5
U S Industrial Chemicals
U S Leather Co
7,400
11
Corp
preferred
conv
per
Lowest
100
preferred
5V2 ft
$
Year 1944
Highest
20
U S Hoffman Mach
10
*10%
Range for Year 1945
Lowest
Par
.7%
69
52
51%''"':
10%
Range for Previous
STOCK
U S Gypsum Co
1,000
29%
*68
YORK
EXCHANGE
205
29%
69
r-
NEW
Shares
114
*199
30%
Sales for
the Week
per share
113%
205
69
,
$
114%
*199
>
Friday
Jan. 4
.
share
per
114%
203
53
11-
"
'>■•■>
1
*69
XI.'
70
•:
115
*196
31
*30%
..i'
S
per share
114
"/■
m,
'V 203
*196
,
t
share
114 /i;
114
115%
115%
t per
STOCKS
Thursday
Jan. .2',
Wednesday
Jan. 2
Tuesday
Jan. 1
,
t per share
share
per
*•:
Dec. 31
87
13
37
v
Jan
22
23% Dec
32% Jan
24
47% Dec
13 y8 Jan
8
13
123
Sep
125
Sep
24
July
w
84
91%
Oct
Nov
Dec
/ 74% Nov
14
Deo
t
44'/a
Tale ft Towne Mfg. Oo.
89
*44%
45%
•45%
46
227/8
23%
22%
23
22%
23
22'/a
23
22
22%
5,265"
30
29%
29%
28'/a
28%
28'A
28%
28
28%
1,600
65%'
66%
65 %
66
65
65%
5,200
1
£orp
SprES 6 WJtfe——5» »»'
Youngstown Sheet to Tu&S.I-Wb ??£
25»/4
25
25'A
25'/a
25%
3,100
Toungstown Steel Door
40%
41%
39
40%
11
11%
1.0%
11
*29%
>
65%
66
651/4
66
251/4
25%
25'A
25%
*41%
41%
11%
41
41%
11%
*45"
11%
•Bid
and
y4
11%
asked prices;
no
'.25
.
sales
on
this day.
/47>
fin receivership,
44
a
44
45
:
;
39%
<u,
Deferred delivery,
40
11
700
.
No
par
1,400
-
'
iffew Stock.
.
.
_
Young
Zenith Radio Oorp—i7o paf
7,500
Zonlte Products Corp
rCash sale.
«
Special sales,
1
"J4 £» «
.
'
11
27% Mar
9Y* Apr
24% Oct
9
31% Dec
12
14%
Jan
36% July
15% July
20% July
70% Dec
10
33%
Apr
42% July
2(5
27% Sep
19
13
Jan
20%
34% July 26
44% Dec
8
33% Jan
44% July
12% Dec
4
3% Jan
6% July
39
22
/8
N?a r
53/4 Jan
wd When distributed.
2
x-Ex-u-ylden<i8*
y Ex-rlgbts.
Deo
THE COMMERCIAL & FINANCIAL
Bond Record
.
"and
are
the column headed "Interest
italic letters In
RANGE
Interest
Exchange
Last
Period
Stock
FOR
WEEK
ENDING
JANUARY
4
Sale Price
or
Bonds
Friday's
York
New
Stock
Friday
Week's
High
Exchange
Last
Sale Price
Year 1945
Low
Interest
Period
Range for
Sold
No.
Bid & Asked
.
BONDS
Week's Range
Friday
BONDS
York
New
-
Cash and deferred delivery sales are disregarded In the week's range, unless they are the only trauaetleBS of
In the week in which they occur. No account Is taken jf «uch sales in oomputlnc the range for the year.
: ^
Period" indicate in each case the month wben the bonds mature- *
interest"—except for Income and defaulted bonds.
and when outside of the regular weekly range are shown in a footnote
week,
The
Monday,;, January 7, 1946
New York Stock Exchange
WEEKLY
YEARLY^#/^/:/
«o>
...
NOTICE—Prices
the
CHRONICLE
or
Range
Bonds
Friday's
Bid fit Asked
Range for
Sold
Year 1945
"
S.
0.
4'As
Treasury
33/4S_,
Treasury
3 %s
Treasury
3 Vis
Treasury
3s
3s
*106.4
1955-1960
1948-1951
2%s
1951-1954
2%s
1956-1959
23/4S
1958-1963
2Vis
1960-1963
2VaS
1948
2%s
1949-1953
2Vis
1950-1952
2 Vis
1952-1954
2Vis
1956-1958
2Vis
1962-1967
2Vis
H63-1968
2 Vis—
June 1964-1969
2Vis
...Dec. 1964-1969
2Vis
1965-1970
2Vis
—1966-1971
2 Vis
———
June 1967-1972
2%s_
Sept 1967-1972
2 Vis
Dec 1967-1972
2 Vis
—1951-1953
2Vis
1952-1959
2%s
Treasury 2%s
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
——
——1956-1959
June 1959-1962.
-——Dec 1959-1962
1947
Mar 1948-1950
Dec 1948-1950
Jun 1949-1951
Sep 1949-1951
Dec 1949-1951
March 1950Sept 1950-1952
1951-1953
1951-1955
June 15 1952-1954
Dec 15 1952-1954
1953-1953
June 15 104
1950
Treasury 2s
Treasury 2s
2s_
2s
Treasury
Treasury
2s
Treasury
2s
■
Treasury 2s
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2s
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1 Vis
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101.14
103.20
o 7-.o
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101
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11
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1
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116
112.21
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20
No.
21
Series
No.
22—
.1
Series
No.
23—
Series
No.
24
Series
No.
No.
26—
——
"
Series
No.
No.
29—
Series
No.
30
Brisbane
(City)
s
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A 6s
102.9
-,1931
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ms
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1976
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Canada
101.12
V
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104.24
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A6s
,
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1
13
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•
101.9
101.19
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82%
63
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110% 110%
122
A 6s
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3s
A-O
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22 %
1981
F-A-
1961
Jan
19fii
_Jan
1961
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18%
J-J
21%
22
M-S
21%
21%
22%
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21%
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;
,
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1960
120
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Broadway, New York
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J-D
5
Goyi.
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&.
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A-0
\
811
1961
J-J
'
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A-O
A-O
1945
.1945
AExternal s f 7s series D
1845
A External s f 7s 1st series
1957
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1958
f 7s series B
f 7s series C
s
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s
Argentine (National
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f
f extl
conv
loan 4Vis
conv
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s
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1957
f bvis of 1926
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1947
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1940
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33
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fund
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100
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90
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90%
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107
107
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——
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1964
1968
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s
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1952
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103
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107
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105%
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<Prov»
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65
53
69%
69
69
57%
72
64%
52
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70
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52
66
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s
f 5s_,
(Colombia)
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,
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1954
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5
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11
63%
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■
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71
60
82
53
79
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80
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78
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80
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79
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80
52
77
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15
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SECURITIES
FIRM TRADING MARKETS
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FOREIGN SECURITIES SPECIALISTS
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.
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1977
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v
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1953
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1979
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Vis
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77
97%
Government)—
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1971
1972
1972
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——1957
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1958
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1949
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1955
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1948
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'
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(-
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.
:
1970
22%
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26
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.
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1947
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1948
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.
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1962
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/
J-D
1961
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17%
18
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1957
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,
/
22
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24
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95
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York
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100.25
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53
69
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(City)
68
51%
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1948
15
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102.27
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r
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5 52%
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.
;_1960
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;
102,9
104.24
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63%
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—
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v
...1984
of) 30-yr 4s
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105.1
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(Dom
67
52
'
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8
51%
1/'2v
*63%
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t # J-jS
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1976
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63%
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1950 '
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63
ms
1958
!_
6s
/
■
63 %
62
HI
II I'ZI
—1957 V
stamped
External
102.7
J-D
f 5s___
fund gold
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__
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„
1 Y,;,,
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108.15
66
51 Vk
.
,
68
51%
64%
;
,';i: '.;V •
Y'Y.. X.../Y
X4'
28—
No.
.1
27_
Series
Series
51%
63%:
v.
25
Series
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102.17
00.17
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63.".:
63
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;/
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100.18
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59
64 v
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,
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100.28
63 %
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'
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3%s
'
18
No.
3 Vis
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'
Series
3%s
111.27
114.25
1
High "
No.
—
*
3%s
103.19
11
12.17
*115
[Continued)
Low
l'i_
i>»u.
3%s
103.27
*100.31
bonds
$
bcuea
V
' :'V'
"
.
J-D
2%«
Treasury 2 Vis
Treasury 2Vis
Treasury 2 Vis
Treasury
Treasury
103.27
101.3
[Continued)
External
109.24
100.30
-
—
Treasury
106.13
101.20
•101.1
1946-1950
1946-1949
1949-1952
1946-1948
1951-1955
.
106.6
*100.18
1947-1951
Treasury
High
Low
Government
Treasury
Brazil
Volume
Number
163
4453
the commercial & financial chronicle
YORK
NEW
;
BONDS
New Tork
Stock
Friday
Exchangs
Last
Period
Sale Price
or
Bonds
Friday's
4
,
Range for
Bid & Asked
Sold
Year 1945
Low
Mexico—(Continued)—
^Assenting 4s ol 19U4
RECORD
JANUARY
ENDING
Week's Range
Interest
V- 'f"
•
,•
BOND
FOR WEEK
RANGE
89
No.
Low
High"
High
.
A
A
Assented
Nov.
to
Assenting 4s ol
A
Assented
5,
5,
Nov.
to
Minas Uerues
1942,
1942,
agree
.{■■
■/
:->{ *14%
*22%
—
—'
13%
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16
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PFLUGFELDER, BAMPTON
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to
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1958
39%
1959
...
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:
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>
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61
40
47%
38%
reduced to 2.125% )___2008
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1952
A
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A
series
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f
a
f
s
i
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1963
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f
8
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{,"
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,
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'
41
19%
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26
14 '/4
27%
16
1
41;
.—I960
49%
41
J-J-
i
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-:194?
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1948
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\
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to
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42
37%
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-
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:
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$V'
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reduced
he externa)
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2.25%)
to
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to
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1948
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(State)
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]{
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2
45
fixtl
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45%
42 Va
■
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t
36
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94%
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78%:
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; II
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.
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1
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1959
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*65
.1999
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58
60
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r
62%
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sec
39
1951
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Uruguay
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1950
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fund
■
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with
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1955
&
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23/i
/
102%
Am
'
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series
Bush Terminal
&
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cum
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series
income
*107% 108%
-
{
107% 107%:
106 %
106%
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10
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110 A
30
105'A
108%
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20
105
107%
& Santa
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"
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103%
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112
120
II8V2 119%
J-J
122
{122%'
116%
J-J
116% 116%:
115%
117%
J-D
...
118
116
118
*
J-j
121'%
115
:
102'% 102%,
102 %
107%
;;
J-D
:(
110
M-S
108V^110
121%,
ion* 105%
lOTVa
{{
106%
*102
M-S
*106% 109
121%
120%
97
110%
78
.1981
F-A
*87%
A-0
105'A 105%,
89
J-d
90'/a
99'/a
10
99%
92
105%
103%
3
90%
F-A
.Nov 1945
.—1845
{ 73
95
{
.
M-N
A5s
Central
N
Pacific
100
102
100
102%
109
23
:
j-j
y
37
•
1961
J-J
.101
J-J
47
J-j
37
*
Power 3s———^.1974
Y
A-0
29%
F-A
1949)—.—1974
48
106%
5.
38
100% 101
'96
44'A
47 %
258
46'A:
273
39%
41%
.103%
:
36
>40%
108
105
8
•:{
■y\, -V
103%
107
4
108
108% 109
F-A
52'A
.48%
35%
.
108
105'/a
55
v
34%
78
{
109%
38
42%
,
F-A
1960
5s__—..
Ho
37
108
*36
ref series A
&
:v%ist
1st ref gtd gdld 4s_1949
gold
Guaranteed
28
28
•!83%^:8T"'V{
46
1987
registered
A 4s
84
14%
13%
82
108
—1987
——1987
4s..
25%
*70
A-O
53%
4
76
24%'
%'
22%
116'/a
AGeneral
86% 106%
87
78%
■74%
24%
1987
registered
Central
76
v
.'{ 22%
; j-d
1966
3%s—
Light
Illinois
2'
'
"
A-0
5%s series B—
gen
104
♦100% 105
109
96%
•
,{:"j{{.{
J-J
1965
gtd cold 4s—
121%
115%
112'/4
114%
1949
1st gtd 4s
122%
116%
122% 122%"
*121
F-A
F-A
118
114% 114%
A-0
.1960
JACent New Eng 1st gtd 4s.
fACentral of N J gen gold 5s
112
?108 %
A-O
A-O
106
109%
:
96% 106%
46
105 %
■.
'
*99%
*114..
A-O
*100
108%
~
115%
r 102
.
•
—a
(4 'A %
100 %
27
108% 108%;
94
108%
116
155
100
103%
General
101%
103 %
Ref
••
to Aug 1
§ACcntral RR
89'A
;*•'
• «-
5s
stamp
:
46
.
-
Ohesapeaxe
(partial
101%
104%
104% 105%
a-O
1C5%
105% 106%
40
92%
3
105%
Ref
100%
106%
Potts
110 A
126
A-O
115%
R
'
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m-n
92%
Jan
101%
101
101%;.
4
71
;
92%
102
94
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A
&
M-S
106%
106% 106%
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104 Vi
104% 105
2
104%
107%
22
102%
107%
Fe—
&
Chicago
13l%
*119%
125
132%';
...
26
%
115%
-
125%
■■in
24
116'A
133%
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123
1st
125
,
103%
46 '/a
103 Va
144
{'.•••
103%
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144
1996
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F-A
Br 1st 4s
—.1946
—1989
J-J
____1989
106%
J-J
J-J
cons
gold 4s
gold 4s
3s{_—1949
ref
&
A-0
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7
111
119%
1
112%
102'A
122
117%
117% 117%
105 %
103'/a 105%.
111
RR—
mtge 3%s ser B
Chicago Si Erie 1st gold 5s
—
77%
75
1997
J-J
1985
Af-N
Af-N
*140
77%
99
1982
59
32
F-A
(conv)
126
697
F-A
inc
131
125
■
303
55 Vi
54'A
1977
Eastern
1
106%
107%
128 %
'
'• *,
H.'"
*125%
55%
145%
104%
104
3
*101%
mtge 3 %s——T{-~—1985
series B
137
.1
-
116% 116%
rntve
103'/a
101%
106% 106%
116%
1958
•:
v
'5
J-J
....
ref 4 %s
47%
102%
13
••
:■
Burlington & Quincy RR—
General 4s
&
J-J
1992
fACl.lcago & Alton RR ref
1st
111
Ky—
4%s
1st
Div
consol
Chicago
■
impt
&
2d
uhio
6t
gold
107%
H-5-H i,'c
*48 Vb
redemption)__1942
impt mtge 3%s D„
&
*109
Banking Co—
&
Champion Paper & Fibre deb 3s—1965
1st
73'
•;
■■■
*102% 105
A-O
1959
&
109
.—1975
92.
86%
50
"
& gen 5s series C.
.I...1959
AChatt Div pur money, gold 4s—1951
AMobile Div 1st gold 5s_—
1946
A Ref
106%
{{
103%
A-O
m-N
'
48%
■
:<•{;{ A Ref
100
108
113
1995
;
yt,-
{.,.'{ 85%
A-0
§ AConsol gold 5s
90
107
A-O
Nov
'
106
48%
M-N
mtge 5s
104'/a
..:
133
1995
106
tCeutral of Georgia Ry—
90 :
*104% 105%:
*
103 Va 103%
;
•
__
3s debs...
..—1965
u P 1st gold 4s
1948
103%
A-O
Q-J
:
85%
1968
Ohio 4s
&
1st
Corp
Branch
101%
:
__1964
4s
parte
Adir
&
104%
V 108
A-O
—A-0
see
Cart
110"
103
—
102% 103%
.1975
*106%
■■
-
deposit
of
Clinch
105%
147% 151%
1969
{103% 108%
13
106 %
—1974
4%s—
Central
Carolina
96%
cons
trust
104%
♦100
Af-S
80%
84
105'A 105%
A-0
deb stk perpetual
4%
{101% 101%
J-J
67%
63 %
Af-N
Northern Ry deb 6'As—1946
Pac Ry
Central
M-N
105
{'■ • 7
106'A 106'A
gtd 5s A—)962
Power 3%s
Certificates
104 y
12%
J-D
103%
79
76
.,;4
-1960
3%s
Power
Elec
A Carolina
26%
g70%;^91%^
F-A
,
98
76 'A
75%
106%
1955
Collateral
•v'/'V-'i.""'
L
;
106%
106'%
■
-'L-I.-'
104
M-S
National gold 4%s>—.—1957
Canadian
Can
F-A
103%
-
108
107 Vz
,105%
■■"■
lOo'A 100%
''{'v'
{ % 1
gold 5S4.——.Oct 1969
..1970
Guaranteed gold 4%s
1955
Guaranteed gold 4%s—:———1956
Guaranteed gold 4%s—
.1951
7 8% { 95%
103%
E
—
footnotes
,
102%
1U4
;
;
.
106%
*106
105% {
F-A
Guaranteed
118." { 124
,72
f,
148
due
Adjustment gold
Stamped 4s
For
J-J
F-A
19G2
...
103
101'/a
;{
*106% 107
>
100%
1952
.Guaranteed gold 5s.
82
debs
(Subordinated)
Atchison Topeka
General 4s.
.
41
M-S
—1969
Bldgs 5s gtd
;
ACent
M-S
A
102'A
101%
Af-N
1950
5s
Soucnern
Celanese
a-0
series
(111)—
3 Vis
'
*103%
Anglo-Chilean Nitrate deb_______1967
Arbor 1st gold 4s
1993
&
'- ''
F-A
-
Term
Calif Oregon
•110
j-d
Ann
Armour
:;v
•104% 105%
1972
3s
Elec 6s
Bush
Canada
.
—.___1980
deb
131%
100%
{{.{{{--{
'
J-J
1966
...
1st 4s
Consolidated
105
,'.{.;
1975
Co
.100
2
.*iL
*110
Af-N
104
Af-S
..2030
debentures
Wks
-{ Af-N
'
F-A
1948
debentures
Wat
*115'
J-D
J 948
5s
102%
129%
5
•
102'A 102%
''''Um';-1.
A-O
•
.32
16%
74%
Telephone & Telegraph Co.—
debentures
1958
Tobacco
104
F-A
17%
•75%
3 Vis._._l967
debentures
Amer
3s
Pow-deb
100
102%
*101% 102
130% 130'/a
M-N
—...1961
1960
modified
)interest 'at
3 % to May 1, 1947) due
1957
fBurlington Cedar Rap 81 Nor—
§Alst & coll 53—^..-1-1^-1-.—1934
A Certificates of
deposit-...——1-
27%
21
Af-N
^..1946
assented
100
86%
:.r-{'.">
"»
.L
M-S
5s A C—... .1967
II
series JJ
f debentures
4s s
27%
{•
Af-n
Albany «fe Susquehanna RR 3Vis
1946
Gen mtge 4Vis
1....1975
Alleghany & West 1st gtd 4s
1998
Am
'.
12
"mm:
1947
1st mtge 3Vis
Wrap Pap 6s
warrants
64
3
25
m''-
F-A
32
20%
1948
Power
6s
■:
•
1958
10-year deb 4Vis stamped
Great
.
{.
Companies
1907
103
86%
;
*102102%:
J-J
Bklyn Union Gas 6s series A
.1947
Gen mtge s f 3%s
.....—1969
53%
'-ii
,
Pertor
;
•
20'A
19
*18
J-D
i
1958
Express coll tr gold 4s
Albany
.
U
-/«
JAbitlbi Power & Paper—
\
SA5s series
A
stamped._____..1953
Alabama
19%
Af-N
J-D
1984
external
Coll trust 4s of
mm
70
72
*64
Af-N
.
{
1978
Railroad and Industrial
Alabama
A-0
;.1978
A4Vis assented
Adams
75%
-
1979
conv
H"
*102%
i
Af-N
58
-.1979
3V»s extl readjustment
91
5
1
99%
••
A-0
1970
I—.....
ser
1st
series
5s
5
H
Corp—
Maine
&
M
Canadian
a-0
1960
4-4V4-4 Vis extl readjustment
99
*91
j-H
79
87%
1937)—
conversion
^
66%
) Q4Q '
...1964
($ bonds of
readjustment...
External
381
1946
6s
AExternal
{K;
*50
1955
extl 8s
AExternal sink fund
{■; 3%S-4-4Ve%
3T:
j-j
1958
(Republic)
103 '/a
86% 105
103
99
3-D
...1956
...
2%s
mtge
48
:x:
1958
t 5Vis
s
•55
1962
7s
94%
34
103%
103
••
J-J
—
Indus
California
*50
j-j
..1962
extl
of)
22
103
42
T 58' J
40%
55
•
^
j-j
1978
A4Vis assented
A
3
57%
1968
;
78%
102'A 103
76
iKlngdom) —
external
;
•
45% 163
2004
3.5%).
(Prov
ASllesla
:
43%
1? 1 -it
•56
2% )-e-——2012
Slovenes
<&
Abs
A
60
1956
..
96
55
•
99
J-J
Eklyn Union El 1st gold 5s..
40
,45%
55
t
Stamped pursuant to Plan A
66 34
,
—1951
...
F-A
50%
37%
{60
,b
66%
154
689
Stamped
j-j
to
97 %
169
{
"•:•:'{{■
(int at 3Vi%'
M
1947)
Bklyn Edison cons M 3'As
yH
*58
Stamped pursuant to Plan A
•
•
97%
102
-■••:{-75%
.
■
M-N
98%
'
42%
W
:-v, v
j-j
(Int reduced to 2.25%)
extl dollar loan.
%
to
Feb 1 1960
debentures
on
1st
40%
90%
:
■
Stamped pursuant to Plan A
A 6s
152
93
''
AInc mtge 4%s ser A
..July 1970
t A Boston & N Y Air L 1st 4s
.11955
■■S;.-':;
f
41%
39%
-
..
'' "'vt •- -,_ > J
:_2004
@
.1984 -■ {■'•,,.Af-S''{
^..1930
2.5% ).
to
Vz; 97 %
99 % 101%
Af-S
■1st gold 4%s
39%-- 49%
■
...
1957
loan
water
107%
66%
Af-S
stamped
Cons
\
35
j>.:*
{"{{M-N
,
1950
(lilt reduced
A7s
.
99%
104% 104'A
to
(int at 1%
Buffalo Rocnesier & Pgh Ry—
external
13
222
104%
2000
1%
(int at
due___._j.^__.
ser F
gen
& Aroostook
2%s
36 %
r
107
—1998
ser D
gen
Bethlehem
40
1 Stamped pursuant to Plan A
-
105'A
105% 105%:
-
2.5% )___.._1999
to
50
46%
101%
9 8'/a
105%
A-O
"
(Int reduced
115-
34%
:
1'
A-O
A-0
54
Stamped pursuant to Plan A
;
110
'
'
f
8s.il
37
1102 % 102%
.
IASn n Paulo
; 42%
'
99
Beneficial
2001
•
A
1953
3s
J-J
Bell Telephone of Pa
40
45%
')
Stamped pursuant to Plan A
' y
(Int. reduced to 2%)—....2012
,
37%
43 %
A
A-O
1st
2.375%)
s
42'/a
J-J
3-D
ref
4s
35
•
J-D
8s—u.w—.-^1952
(City)
reduced
4
.1948
1
107
46
Stamped pursuant to Plan A
,
45
1st 4s
'
95%
&
Bangor
>v;
,
..1967
loan
96%
4s
1946)
Toledo Cin Div
50'A
37
$ A-0R*
pursuant *o Plan A
to 2.25% )^-.2004
municipal
32
107
'
41
,
,
(Int reduced
A7«
104%
104%
115
Beech Creek Extension 1st 3Vis_.—1951
1966
_
10
114
%'
3-D
*0
.
Plan A
1926
109'A 109'A
115
'
:
104%
42%
A-0
(Int reduced to 2% )...M~.2012
v
109%
J-D
1995
S'west
85 5
10i'/a
-/-
F-A
gold....,.1968
pursuant to
107
M-S
Pgh L E & W Va System—
•
•
Ref gold 4s extended to____1951
Con
-
x
M-N
19S4
.
Af-N
>v{
107%
—.1963
A
Sep 1 1946) due..
AConv due...
'
'
1948
High
RR—
Sep 1 1946)
Ref
47
■.
1
{{•?;> Ref &
30%
50%
.....2012
Low
J-D
&
to
14%
Stamped pursuant to Plan: A
mortgage
Tear 1945
Sold
no.
High
July 1952
4s
cons
4%s
Range for
Bonds
Friday's
gen ser C (int at I%% ■'
Dec 1 1946), due^.-ii,
1993
Ref
30%
39
■23
■44%
48s extl loan ot l92lAid...
1st
unified
Dec
34'/a
32
J-J
(State of)—1
or
Bid & Asked
Ry—
V Oct 1 1946) due
..July 1948
5'-:Ref & gen ser A (int at 1% to
'{
t
v
25%
•
.2001
2% )_
to
___1948
Line
A)r
1st mtge gold 4s
.July 1948
Stamped modified bonds—
1st mtge gold
(int at 4% to
{•;:
/{ 18% '34%
j-j
:
Coast
Baltimore & Ohio
{
Plan A
pursuant to
(Int reduced
Week's Range
Last
Sale Price
47%
38%
A-O
1952
1-310
105%
.
a-0
•
6
^Teletype—NY
100
,105%
—
j-jj
8s
Friday
gold 5s
Atlantic Refining deb
100%
95
'99% 100
*105%
1st
Atlantic <fc Danville Ry
Stamped pursuant to Plan A
Rio Grande do Sul
-
*101%
,
X
j|f-8
A-0
(Int reduced to 2.375%)..._2001
AExternal sec 6V2S.—^1953
:
f-':
Af-N
98%
1961
Queensland (State) extl Gs„.
Bell
-
Interest
Exchange
3%s__—
mortgage
General
Second
L
Plan A
to
APrague (City ot Greater; 7Vi8
de
Stock
Charlotte
&
Atlantic
•
.;?8%y 101'/a
V'/'A-O
■
Stamped pursuant to Plan A
'■(Int-reduced to 2.25% )..._2006
{
1st
105%
-99%
■
..1963
(City of) 8s___.
pursuant
(Int reduced to 2.375% )_
AExternal loan 7%s>
ARio
v
A-0
1950
-1
y
r
98 'A
88
J-D
6S.J...---1940
A4l,is assented
APorto Alegre
Tork
Atl Knox & Nor
Atlanta
107
98%
.
;
.
100
*101%
M-S
7s._....1947,
—
100
..
M-S
1958
Stabilization loan
107
York
New
{
Low
106 %
M-S-
1961
ser
assented
A4'/«b
A
.
*99%
J-D '
\
7s—v^.^.1947
I 6s 2d
s
Broadway
bonds
New
103%
100%
106% 106%
J-D
Af-N
1967
Loan
97
__
& RUST
Exchange
»
f
A.1963
ser
Stock
97% .103
—
106 VB 106%
x-O
iRep ol) external 7s...
..1959
loan extl 8 t 6s lst :jer..._1960
A Nat
*1023/4
107
:
1994
ext
(State of)
"101%
?\ F»A
Stamped pursuant to Plan A
(Int reduced to 2.125%)wUi.^2008
APeru
130
ji/_g
1970
to
APernambuco
125
...1965
ref 3Vis series B
sec
o
.....1963
(Rep) extl s t 5s
Stamped assented 5s
A
v.
:
*120
A-O
.1956
V*'•£
t'v
.
125
F-A
1958
4%s
sina
Municipal Bank evtl 8 f 5s
Oslo
tClty; sink fund 4Vis
&•'!?•*,.". V
118
York
Period
.1957
fund 4%s
sink fund extl loan
4s
"125
(State)-—
5s
(Kingdom of)
External
41
J-D
M-N '
1959
Wales
External
37
,
New
Telephone—DIgby 4-4933
Stamped pursuant to Plan A
(Int
Reorg.anization Securities
18%
'
s f 6%s
Stamped pursuant to Plan A
;(lilt
\f-j
{
Railroad
13
10%
13%
.
■
assent_„l933
*11 ¥4
1
H {; ..{,.-■ {:• 10% dll-".v*18 "Q18%
jZj
5, 1942, agree
>{if >''{{■' v :
(State;—
'
—
agree
ASec external
.
J-d
1945
Nov.
to
Assented
..1954
1910
{Alreasury 6s of 1913
A
...
.
25
.
106
'
■
-
105
76 %
97
15
99
•
60
99%
132
141'A
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, January 7, 1946
NEW YORK BOND RECORD
FOR
RANGE
BONDS
Interest
Last
Period
Stock Exchang*
New York
Sale Price
or
j-j
Sold
2038
.
j-j
1947
Genuine mtge 4%s
ARefunding gold 5s series B—1947
1947
1966
May 1966
A
&
5s series A
gen
1st & gen 6s
series B
Chicago Ind & Sou 50-year 4s
112
105
v/w:
106
100
22%
,
21%
•
1st mtge
Gen
4s ser A
4%s inc series A
mtge
J-J
j-j
'
•
'
103 7/a
2nd
mtge
1999
1989
4V28
income
conv
•
1st mtge 3s
IJAChlcago
ser B
Railways
1st
j-j
'
j-j:,
168
4s
I ARefunding
of
deposit
94%
320
.
*66%
General
77%
95
Gen
101
104%
•
:
j-d
1951
YY 70%
M-N
j-d
" '
'
' 29%
j-d
1951
Income
Y:
78 Va
80%
105
47 Va
28
29%
101
95
100
Chic & West Indiana
com
96%
J-J
104
J-J
110% 1'10%
105%
^
106%
52 Va
A-O
56%
57
53 '/a
59
1952
M-N
88%
88%
76
1993
J-D
*108%
1993
J-D
*121%
Ref & impt 4%s series E
Cin Wab & M Div 1st 4s
1977
J-J
97
98%
83
J-J
90
90%
80
1990
M-N
1970
J-J
.
1st coll tr gold 4s
102
Pittsburgh RR—
gtd
gtd
Cleve Short Line 1st gtd 4Vas
Oleve Union Term gtd 5%s.._
1st s f 5s series B gtd
C
3%s
D
3%s
107
—
112%
122
__
7
122
101%
& Southern Ry.—
105%
106 %
104% 105
103%
104
*80
Ctfs
'
B
1980
Columbus & H V 1st extl gold 4s
'
Columbus &
Tol
&
Hudson
107
A Ad J
•
•
~:Y-Y
18%
102% 104%
101% 106 Va
91
10?%
*102% 103%
105%
105% 106%
2015
-102%
102% 102%
—1969
103%
ref Term
M 5s
103% 103%
stpd
88
104
98%
110
Gas
Co
f 5s series
s
1st
*140%
199»
A
gold 5s
102
137
—
96
102
100'
100% 101
72%
79 y4
80%
74%
77%
36
40%
113
1949
1st 5s
*
1957
A
Feb 1957:
income 5s
.64%
30
144%
103%
101
87%
1157/a
80
45
;
3s series L
1.—1977
L 1st Si ref 4%s
1951
3%s A.„,—1961
Consolidated Edison of New York—
mtge
3Vas
3%s
1948
1950
1958
debentures
v7
105%
109 Va
104%
108%
84
404 %
*107%'
A-O
*115
F-A
134
J-J
A-O
J-J
1954
4s
4s
1955
1958
27/aS—1975
Continental Baking 3s debs
1965
Crucible Steel 3%s s f debs
1955
lACuba Northern Ry 1st 5%3__—1942
A Deposit
receipts—
A Cuba RR 1st 5s gold
1952
ADeposit receipts
'
A7%s ser A deposit rets—
1946
A6s ser B deposit rets...;.,
1946
Curtis Publishing Co 3s deb
195a
1st
Power
Consumers
mtge
67%
M-S
J-D
*106%
1951
J-J
*100%'^iS»/Y
Louisville Div & Terra gold 3%s_l953
J-J
Omaha
1951
1951
F-A
101% 101 %
J-J
101
1951
J-J
1951
J-J
112%
107%
101%
57
•1..
J-J
107 V4
.
61%
40y4
50%
80
85%
£
48.
A-O
102% 102%
__
A-O
A 1st
A
—1965
A-O
105'
M-N
104%
Co
2%s debs
Hudson 4s extended—1963
Delaware &
Lack
Delaware,
J-D
* 103 %
__
'
50%
103%
0105% 105%
Essex
due
division
..May 1 2042
Delaware Power & Light 3s
1973
IDenver & Rio Grande RR—
5 A 1st consol 4s
1936
§AConsol gold 4%s
1936
tDenver & Rio Grande Western RR— ,
76%
6s
series
J-J
64%
57%
68%
62%
*107%
A-O
68%.
;
F-A
16
15
'
67 Va
V70
70
J-J
106
—
68%
70
.
A-O
63%
A-O
107 :
Kanawha & Mich
109
Kansas
1st gtd
of
V"
109 %
J-D
109
193
22
'
~
■
A-O
•
w*—
'L—
45
104%
:•.
45
5%
.
19
'
V'.
71%'/
106
108%
106 Va
109 Va
106
109
48
:
66
47
"M
117
M-N
•120%
*159
1950
5
105%
109%
3
104 Va
28
-
.
45
Yt;
1st 3s
M-S
1963
A-O
1963
—w
A-O
Kentucky & Ind Terra 4VaS—
Stamped
g Plain
-
Koppers Co 1st mtge 3s
{AKreuger & Toll 5s ctfs
"
3Vis
;;V..:.
<
118%
120 Va
151
Alst
175
102
103%
*106%
105
107
__
__
118% 118%
*115
15
106 %
121
106%-118
__
J-J
1017/a
101% 101%
26
J-J V
98%
98
98%
100
103 Va
1964
A-O
1st
cons
1990
J-J
103%
103% 103%
8
1st
cons
mtge 3%s ser G
2000
J-J
102%
102% 102%
1953
M-S
1971
M-S
102%
105 Va
98
102%
55
2s
88
102
48
2015
cons
Div
ser
1st
H
mtge
footnotes
see
3%s
page
92.
;
"
*104%
__
registered—..
mtge income
95%
99
105
103%
105%
*106
99
104%
4-0
'•
,78%
A-O
1950
1974
1987
A-O
,•78i'
93
105V2 105%
105%
93%
91%
107
A-O
*103%
103%
104
J-J
*120% V'69% 69%
118%
J-J
*107%
101
J-J
*109%
Y
122
J-J
62
*.. /
Y105
A-O
:
^
*4%
107%
104
195
105%
12
1997
1997
J-D
110
*107
102%
105%
109
111
102%
,
8
105%
110
J-D
•
188
4%
-,1.
M-S
109%
102
173%
*105%
J-J
A-O
79
102
.
..
Lehigh Valley Coal Co—
1st &
,
5s
:
" 5s
—
102%
106%
106%
,
ref sink fund 5s
1
1st & ref sink fund 5s
stamped
Leh Val Harbor Term gtd 5s
Lehigh Valley N Y 4%e ext
Lehigh Valley RR—
4s stamped modified—
4s
74%
109
registered
stamped modified
4%s registered—
5s stamped modified
50
76%
,„-_._1970
;
1954
,1964
F-A
*100 Va
J
2003
2003
-2003
2003
2003
99
'
*92%
F-A
100%
100%
92
*94
93 Va
104%
98
Y.-
*100Va
F-A
94
9
89%
93
96
88%
_/•'
941/2
10
*
90
87%
96
94%
93%
F-A
80%
80
80%
39
73%
91
J-J
88%
86%
88%
7
80%
96%
M-N
52%
51%
53%
255
45%
69%
51
51
13
45 %
64%
M-N
55
54%
56
85
47%
51
52
3
62%
62%
1974
1954
1950
104%
104% 104 %:
—1964
1974
76%
,
A-O
1954
stamped.
stamped..
1975
Dec
Co.—
1st & ref sink fund 5s
'
Y
'YV'/
rest—..
4Vis
96%
—
102
62
50
88%
1959
Lake Sh & Mich Sou gold 3%s
Navigation
Y"'s F mtge 3V2S ser A
116 Va
—
mtge Inc 4%s series A
1st cons mtge 3%s ser E
mtge 3Vis ser F
•
105% /'■:
111 Va
.*■.
71
Erie Railroad CoGen
-Y
102% 103%; Y
105
105 Va
106%
102%
1961
1997
1964
4V2S unguaranteed
Kings County El L Si P 6s
5s
1962
'•*■103%
103%
97%
102%
.
1961'
1961
2%s
Kentucky Central gold 4s
108%
*102 Va 103
J-D
1970
Empire Gas Si Fuel 3%s
4
vi
58%
104% 104%
J-J
scamped
3
:
106% 106%
E<? El 111
Elgin Joliet & East Ry 3%s
£l Paso & S W 1st 5s
Y
1961
Kansas City Terminal Ry
21
5Va
54%
HOV2
14
45%
*116%
*—
J-J
J-J
6
•
*63
;
;
10
'
108% 109%
Bast Tenn Va A Ga Div 1st 5S-...1958
2%s debs
108
deposit
Lehigh Coal &
Elec Auto-Lite
74%
105
1936
gtd 4s
ACertificates
v
1995
58 Va
F-A
gold 4s„1990
City Fort Scott & Mem Ry—
{ARefunding
Y-Y 24
63%
63
,
67
Kansas City Southern Ry
16
109
M-N
85
84%
19
'
78%
.
15
16%
15
106% 107
M-S
J-D
54%
58%
137
96
—.1961
■r-,
J-D
89%
28 Ya
79
97%
•
J-J
1953
Lautaro Nitrate Co Ltd— v,/'
(NY) 1st cons gold 5a
32
107% 108
vY
M-N
90
■
,
16
s
1963
G—1966
Gen Si ref 3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s
1993
Detroit Term & Tunnel 4%s
19«1
Dul Miss 61 Iron Range Ry 3%s_._1962
rrfcSADU Sou Shore Si Atl gold 5s—1937
Cuquesne Light 1st M 3Vis
—1961
impt 5s series B
Edison 4s series F
Geu & ref mtge 3V2S series
At,
•
97
J-J
62%
:
Y: 27
79
Y Y
32
49%
■
1972
1952
gold 4%s
85%
76%
77%
103% 103%
-'I >
J-J
A-O
M-S*
Jones & Laugblin Steel 3V«8
105
62%
1978
A Ref &
94
,
Detroit
83
'
J-J
98 '
106% 108
9
49
83
:'I 49
/A-O
1955
Debentures 5s
65%
F-A
—1953
AGeneral s f 5s
AAssented
106% 106%
106%
series A
6s
93%
106%
75
A-O
1952
A
99 Va
73%
105
1950
—
.
*99% 100%
Coll tr 4-6s—
J-J
105 Va
97/:; 106
104% 105%
M-N
&
105
101 Va
99%
James Frankl: Si Clear 1st 4s——1959
.1993
mtge
Income
103
100%
,104% 105
M-N
Morris
89
81% 103%
Adjustment 6s series A
Int Telep Si Teleg deb
West RR Co—
&
Y, Lack & Western div
& ref M 5s ser C—1—...1973
1st
104%
82 Va
1963
—
July 1952
t
A 1st 5s series B
1956
Alst gold 5s series C
1956
JAInternat Hydro El deb 6s
1944
Internat Paper 5s series A & B
1947
102% 103%
103%
103
83%
101
*102
Int Rys Cent Amer 1st 5s B
2%s_—1975
Union Ry 3%s series jes_._19C3
102%
95%
103
104% 104%
:
96%
106
99
1956
Ref sink fund
Dayton Pr & Lt 1st mtge
100
—
1963
;
51%
100%
103
74
95%
94%
94%
F-A
Indianapolis Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series F..1961
^International Great Northern RR—
52
41
48
48
J-D
40%
41%
■
series A
tAInd & Louisville 1st gtd 4s—
102%
86
102%
107
109
*104%
1st ref mtge 4s ser D
Ind 111 Si Iowa 1st gold 4s
104
£0%
d44
1951
84
94%
1963
1st & ref 4%s series C
■-
1st
ref 5s
Joint
74
104%
100 %
48
gold 3s
75 Va
103%
102%
d44
1st
106
107
105 %
101%
111 Cent and Chic St L & N O—
Y< 74%
58%
57
*83
:
'
J-D
Div
1953
Springfield Div 1st gold 3%s
Western Lines 1st gold 4s
Registered
105 Va
71
46%
gold 4s
St. Louis Div & Term gold 3s
Gold 3Vas
103%
'46
.
84%
101
1950
102% 102%
46
101% 102%
101%
134%
.103% 103%
V-'v
103%
J-D
102%
M-N
108%
56% ' 56%
J-J
J-D
J-J
...1952
M-N
Collateral trust
-.
111
ID 4% 105 %
105%
106%
F-A
67%
67%
88%
1958
104%
*..
J-J
.104% 105 %
i960
67%
J-J:'
105 %
40-year 4%s
Cairo Bridge gold 4s
Litohfield Div 1st gold 3s
102
J-J
ADebenture
ADebenture
108
M-N
Refunding 5s__
105% 106%
106%
89%
114%
103% 104 Y1
103 V2
102% 104 Va
1955
3%s
lines
104%
108%
105%
101% 101%
101%
A-O
'
75
A-O
116::
&l-
*106
101
70
1*72
M-S
1952
111
:
107%
103 Va
101
105%
I
135
•ill
.
103
/
114
■—
...
—
103
.4
*102Va
1951
Refunding 4s
Purchased
*102 Va
A-O
108
108% 109
F-A
106%
J-J
;
107'/a
;V
--
110% 110%
110%
M-S
103 Va
102% 105%
/
—
J-J
1951
1951
1st
gold 3%s
1st gold 3s sterling
Collateral trust gold 4s
86 %
68
24
15
Extended
*106Va
1951
gold 4s
1st gold 3 Vis
109
102%
34
1981
•■viV/v
1st
9
104
104 V;
JAConsol Ry non-conv deb 4s
:
Illinois Bell Telep 2%s series A
Illinois Central RR—
14
83 %.
83%
J-J
debentures,.
debentures.
115%
107% 107%
s
J-Jv
F-A
107
109%
,
1077/a 108%
M-N
Conn River Power s f
\
107
1
109% 109%
107%
A-O
Conn Ry &
For
84
16%
13
*15%
—
1973
mtge inc 5s series A
Hudson & Manhattan
115% 115%
y,;
A-O
1958
3%s
debs
.
109%
A-O
1948
1970
1953
extl 4s
1st
.•.
Commonwealth Edison Co—
1st
74
Iu*..
*104%
*106%
F-A
A-O
1961
5s._
Columbus & Sou Ohio El 3%s
Ohio
90
1962
109%
107
108%
108
■'•:..
modified)
(stamped
Columbia Gas & Elec deb
5s
.
1937
1970
106
106%
•106 '
M-N
1948
1950
1961
1972
1973
1977
f 4%s series C
Colorado
N
109
111%
106
St
Series
Series
&
104 %
Hocking Valley Ry 1st 4Vis
$§AHousatonlc Ry cons gold 5s^
Household Finance Corp 2%s
..104%
103.% 104
•.
Deere
107%
*107% 109 :
106 Va 107 Va
—
107 Va
91%
Dayton
112 Va
103%
;
1969
99 Va
1991
G
Cleveland Elec Ilium 3s
;
130%
107%
107
■
—
112%
F-A
3%s
137%
121%
/
Hudson Coal 1st
111%
*112
F-A
1974
1st
110 YllO
110
Gulf 8tates Utll 3%» series D
103%
General 5s series B
'
128 V«
109%
128%
98%
1st
1969
Conv
118% 123
122 Y
<
*127
Terminal—
ser
Cleve Cin Chic & St Louis Ry—
General gold 4s
;■
122
*136% 138
wY'
•
1952
102%
2%s
4Vas
122
,
105% 106'/4
1st & ref 3%s series D——
103 Va
i
Gen
gtd 3%s series E
s
116
Gulf & Ship -Island RR—
1st mtge
1st
1947
Gulf Mobile & Ohio 4s series B
1st mtge
:
116
91%
Greyhound Corp 3S debs—1959.
58
1957
Cleveland
58
89%
;
—I960
mtge 3%s ser L—
1970
mtge 3%s ser M
1980
mtge 3 %s sec N
J—".
^^1990
A Debentures
111
§ADebentures 5s part paid
St L Div
54%
39%
-1934
3Vas ser O———2000
105
57
Union
82%
105 Va
40
mtge 3Ves ser K-
97
56%
Cincinnati
65%
103 «/4
v
.Oct 1 1945 '
oGeneral 5s series C_„,—....-,,1973 :
98 Va
M-S
1
y-r
1969
102%
106%
A-O
103% 104
106
102 Va
102
108
.
106%
94
90
103
,«i_il949
..—.1977
1943
A-O
Corp—
....
General 4%s series E
,.1962
Cine Gas & Elec 1st mtge 2%s_—1975
debs
99%
o
102
104%,,;
*106
105
102 y8
104% 108
107% 107%
.
& Utilities
inc
Castings 5%s
■
J-J
104
1956
..—1976
f§AChilds Co deb 5s part paid
iAChoetaw Ok & Gulf cons fts
102
57'
98
& West deb ctfs A—...
97
1952
1st & ref 4%s series D
55 Va
*50
-
General 4Vas series D
83% :
83
97%
1963
4s
90
-
100%
31%
94%
'
1963
;
99%
'"'
of
106%
91
105% 106
Dec 1 1960
2%s ser G
mtge
Y 88
Great Northern Ry Co—
v General 5%s series B-^„-,,.—.1952
79 V4
13%
100
100
74%
52 Va
102
>:
1st
*102
*100
Certificates -of deposit-^.
—
-•
Goodrich (B F) Co. 1st mtge 2%s_1965
108%
92 Va
65%
71%
96%
guaranteed 5s
v
Grays Point Term 1st gtd 5s
95Vi
•97
'
ACertificates of deposit
Chicago Union Station—
1st mtge 3%s series F
128%
1959
Certificates of deposit
t§AGa Caro & Nor 1st ext 6s
:
105% 105%
105%
1960
1st 5s
132
102%
1974
J A Georgia & Ala Ry- 5s
69%
64
Realty
conv
Steel
Gen
Chic T H & Southeastern
117%
105
Gas & Elec of Berg Co cons 5s^___1949
94 Va
62%
93
93%
M-S
1960
Memphis Div 1st gold 4s_
105%
132
1st 4 Vis,,.
& ref 5s series A
84 Va
♦104% — /
•:''0YYYJ"
a"-o
1951
gold 4Vas
104 .«•:
*105
J
/
92 Va
1952
JASecured 4V2S series A
AConv
Chicago St L & New Orleans 5s
Gold
3%s
High
*102 '/a 112
deposit
Francisco Sugar coll trust 6s
'
1934
Year 1045
Low
No.
High
1943
1981
deposit
ACertificates
106%
93%
•
gold 4s
Range for
Sold
105
Low
105%
100
89 Va.
94%
j-j
1988
i__.
ACertificates
104 Vi
86%
F-A
partial redemption..:—...1927
IChicago Rock Island & Pacific Ry—
AGeneral
108
552
•y
stpd
5s
31%
324
103% 105%
•
A 1st
29%
A4s
25%
of
^Florida East Coast
97 Va
105
87%
j-j
Y;.
Chicago & North Western Ry—
Certificates
16 Va
6
105 Va 105%
105%
j-j
2044
inc series B
Bonds
Friday's
Bid Si Asked
i
tAFiorlda Cent & Peninsular 5s
,,106
15 V4
'
107% 107%
■—-.
'
4Vas conv
or
lY'v.
112
79
7/ 72
12
Week's Range
Last
/'Sale Price
Period
High
84
.:
145
23
25%
25
j-j
1994'
2019
:i
Friday
,
Interest
.
Chic MJlw St Paul Si Pac RR—
,
v'
Exchange
90% 100
65%
83
7
27
100
r.
M-N
1956
BONDS
York Stock
New
Firestone Tire & Rub 3s deb
j-j
A 1st
Low
ly./ 11
YYvioY
fY
76
112
112
j-j
ARefunding 4s series C
'
4
j-j
96
Ry-^
IChicago Ind & Louisville
ARefund^ig 6s ser A
,
94
96 : "
,
4
Year 1945
NO.
High
75%
y
Range for
;Bonds
Friday's
'
A
JANUARY
,
Bid & Asked
Low
Chicago Gt West 1st 4s series A—1988
WEEK ENDING
Week's Range
Friday
M-N
62%
26
71%
47
66%
53%
76%
Volume
Number 4453
163
YORK
NEW
FOR
RANGE
Friday
BONDS
York
Exchange
Stock
Last
Sale Price
or
A-O
•
-
v
i": 87-j-
1st 50-yr
A-O
5s gtd_^_1965
Liggett & Myers Tobacco 5s_._—..1951
Little
Miami
".
■'
A-O
A___—1962
M-N
Long Island unified 4s__._,
1949
Guaranteed ref gold 4s
^__._._1949
Hioh
debentures
3s
'
~
'107
,
F-A
Louisville Gas ft EJec 3%b
Louisville
1st
106%
107
106%
108
106%
107%
:
•
118
A Gen
Gen &
4s
105
104 %
'107%'
M-s
110% 110% rV-,
G——2003
A-O
100% 101
.-1946
F-A
1st &
ref
M
ser
27/8s
& Mem Div 4s
St Louis Div 2d
Atl Knox
1980
4s
Af-N
Central
Maine
1st
mtge
Manati
RR
&
4%s
coll
4s
'117%
„
81%
A—1960
ser
A Manila
RR (Southern Lines) 4s
1955
registered
Micmgan
£
Jack
,.
Lans &
1st
&
Sag 3%8—
3%s
gold
1951
—1952
—
impt 4 Vis series C
—
d
—1979
Michigan Cons Gas 1st mtge 3%s_1969
IjAMidland of N J, 1st ext 5s—,
1940
-
'100%
•
110%
-
94
1971 *
'
102
■
—
106%
106
107%
128
108%
108 % 108%
94
94
»
108 % 109
A 1st mge
AGen
4%s inc ser A
95%
100%
Coll'trust
1975
106'A
106
102 %
102%
117%
—1974
102%
-1975
102%
ry & Id gold 3s....J&n 2047
!
*
2047
registered
Ref & impt 4%s series A
2047
?
114%
v-
Northern
1st
mtge 4s inc
Mo Kansas & Texas 1st 4s„
78%
77%
91
A 1st
102%
106%
I
102
107%
75
'
v
&
AGeneral
&
ref
A 1st
ft
ref
series
101 %
1017%
105%
101% 102'A
102
105%
105% 105%
104'A
106%
1946
'101% 103%
105 V*
108%;
104%
107%
Electric 2%s
Gas &
101 % 101%
1975
101
1946
& Nav con gold 4s;
Gas
&
1st
gold 58—.
Electric
101
108% 108%
'107%
1971
'107%
1st & ref M 3s series K
1979
ref mtge 3s ser N
'—1977.
Paducah & 111 1st s f gold 4%s——1955
69%
'
94 : '
[
'105
100%'
&
Panhandle
East
F L 3s B
95%
97%
72%
58%
61%
33
95%
98
73
100%
1978
96
97%
72%
100%:
AConv
Alst
A 1st
gold 5%s
106%
14%
49%'
97%
96
1981
42%
98 '
V2% JLOOVit
91
91%
79%
105%
100 Vi
72%
•
3%s
-
inc
conv
Gtd 4s
<
debs
1991
Monongahela Ry 3%s series B
1968
*104% 106%
Montreal
1951
*100
Morrell
Morris
Tramways
ext
5s
Essex
1st
gtd 3%s
,;<V'.71%
2000
1955
86
1955
79%
81%
Mountain States T ft T 3%s
1968
Mutual Fuel Gas 1st
1947
gtd 5a
.
66
v
;"! '87%:
?
f
105%
no
106 %]|
101%
103
106%
108%'
5
106 7/s
108%.
8
124 Vi
128%
7
1187/e 125
V;
,126% 134% ;
,1 118 Vi 128
: ;
21
118% 128% ;
27
103% 109 VaK
17
102% 106 Va*
35
133% 134 Vi
127% 128
•
128% 129
107 % 108
105% 105%
21
l'
—
1978
103
National
Steel 1st .mtge 3s
t ANavgatuck RR 1st gold 4s
Consol
1965
105% Y
Cas^oris Ps
1948
tANew
England RR gtd 5s
1945
101% 102%
96
104%
1945
100% 100%
95
102 %
Newark
New England Tel ft Tel 5s A
1st
New
RR
New Orleans Great No* 5s
106%
105
...
107
Peoria
112%
111% 112
112
123%
105
1st
104
107
104%
108%
104%
109%
■
1952
gtd 4s
*107% 108 Vi
1953
109
109
Philip Morris Ltd deb
3s
Inc
5s
series
ACertificates
of
deposit
jANon-cum
'
Alst
A
5s
5s
1938
series
70
1954
of
ACertificates
i£
4%s
of
series
ACertificates of
N
Y
Central RR 4s
series
83
A
1998
Y Ref ft impt 4%s series A
;: Ref ft imnt 5s series C
N
Y
Cent
ft Hud River
97% ,99%"
96% - 98 %
2013
;
^2013
100% 102 Vi
3 Vis—1997
106% 108
Series
105%
102%
.
104%
104% 105
53
137
137
131 Vi-
131
*106
<:Y
3 Vis
registered...
*100% 107%
96%
96%
98%
Y'85%
103%
108
registered
J
81
95
92
104%
107
.
N
Y
Connecting RR 27/8s
W
Y
Dock
1st
N Y Edison
1st
lien
gold 4s
ref
1975
101%
lOlVilOlVi
101%
101%
104%
103% 104%
100%
105%'
1965
104%
104
105*106% 107
110%
103
107%'
3%s series E__
1966
gold 5s.„_1948
—
cons
2000
II
4Vis series B
II
*110
*115%
2043
:
_,2043
*116
■
^.1973
90%
90%
1973
series A
97%
97%
:
.
105%
__
1
Zi.-f
92
97%
109
V;
113%:
104%
1
101%
104%
■
,
a.,
22%
20%
1
15%
13
101V4
18
*106
116%
Public
114%
1st &
116
110%
116
ref mtge 3s_—
.
-:
100 w
107
Terminal 4s
Service El & Gas 3 Vis
1st
ft ref mtge
1st ft
ANon-conv
deb
4s.-.^-^,.
ANon-conv
deb
3%s
ANon-cohv
5s——
..J
'114%
'
123
4s
certificates
6s__
129
101
f
4s__
98%
98%
99
*105
105
125%
125%
94%
101%
104 V*
1954
108%
*127
*117% YUY
*99
vf. ■'
V;
".V
*105% 106%
*113
■
—
; *31%
32
*98%.
103%
—
110%
*108% 108%: <
*156
:
*245Va
.
*109
110 V*
107%
17%
30%
4%
17 Va
21%
22 V*
1955
12%
13
109
Gen
87 V*
74%
89
'
105%
108
.!
105% 106 V*
104V*
107 V*
4%s
Niagara Falls Power 3%s
see
page
73%
73%
52 Va
..1937
40
40
26
1940
28
28%
1943
1st gold 5s
1st
100%
98 % 100
1946
32%
1937
1966
92.
*108
33%
102 %
80
4%s series D——..1977
3%s series H—__..f_1967
mtge 3%s series-1.
Gen
102% 103%
87%
mtge
Gen
*105% 106%
(§AN Y Susq & w 1st ref 5s.._.
5 A 2d gold 4 Vis
IAGeneral gold 5s
■
mtge
Gen mtge
2%iri975
footnotes
43 y*
110%
107 Va 108%
109
155
160
113
103 Va
160
224% 245
—
mtge 3%s series J__
1st 4%s
(ARut-Canadian 4s stpd—
(5AR I Ark ft Louis
(f ARutland RR 4%s
stamped
107%
1951
(SARio Grande
..1992
N Y & Putnam
For
113
25
109 Vi
*:
2037
Revere Copper ft Brass
1st cons gtd 4s_.__1993
N Y Queens El Lt ft Pow
3%s
1965
N Y Steam
Corp 1st 3%s
..1963
Light 1st -mtge
& Bost
<
106
*125%
-1972
—2037
(4.7% "for 1945) due_1975
3%s
1960
West 1st gold 4s__1939
Alst cons ft coll trust 4s A—,.1949
Rochester Gas & Elec Corp—
Gen
1940
1957
(AN Y Ont ft West ref gold 4s
AGeneral 4s
(5AN Y West
99%
f 99%
84'/a
V
;
99%
84%
99
106%
84 Vi
'
106 %
103%
98% 100
102%
1927...1967
4s
A Terminal
101%
104
*105% 106
1
104%
99%
100% 100%
\
109
101%
*106% 109
,/
136%
104%
134% 134%
1956
^-1968
Reading Co Jersey Cent coll 4s
Rensselaer & Saratoga RR Co—.
1943
t AHarlem River & Port Chester—
N Y Power &
134%
1955
J956
Alst ft ref 4%s series of
1st
127
Quaker Oats 2%s deb.
3%s__—1958
S A Collateral trust 6s
ADebenture
126 Vi
124%
128%
—
134
ioo
113%;,.*
116%
,
:
;..rVW-'
*126%
*125
*130
;}
107
113%
1001/* 103 V*
.1947
4s
deb
AConv
v
deb
ANon-conv
deb
"
1954
ADebenture
>
27
104%
T
3%s_..f_I"'"",'IZl947
deb
_1967
,.1969
1934
1949
1941
103
08
104% 108
107 V* 107%
...
,
78%
;I
:•
103
I
78%
105 V*
198%
103
107% 108
:
HO
62
79%
80
*125%
109%
—
110
108%
*108%
*108% 109
108%
108 V*
109%
75%
.
65
65%
51
18%
18%
22 Vi
16
27
17%
30
105% 105%
104%
22
48
11%
35
93%
100:
25 Va
44
106%
!
113%
..
*117 %
1950
ref mtge 8s
106%
:
*116%
(N Y New Haven ft Hartford RR—
ANon-conv
;
.
106%:.
io6
107% i
15%
30
: I
104Vi
104% 104 Vi.
104 Vi
-1970
4%s
(AProvidence
91%
104%, !
102%
20%
1950
1958
1959
M 1st mtge 4%s series O
-----I960
Pitts Young ft Ash 1st 4s ser A
1948
?Y." 1st gen 5s series B—
—-—*962
1st gen 5s series C
1974
/
i.st 4Vis series D
—1977
-iPittston Co 5% inc deb ———1964
Potomac El Pwr 1st M 3 Vis
1966
1st mortgage 3%s
1977
( A Providence Securities 4s
——1957
111%:
; 84;:
105Vi
6
22
1963
guaranteed 4As—1964
1st mtge
111
108%
131%- *?■'•<■
108%: I
101%
20%
■
128%
7
1st mtge
108
.
__
1949
;
Mtge 4s series A
Mtge 4s series B
ft West 4s
100%; 104 %
B
Purchase money gold 4s_..^
N Y ft Harlem gold 3%s
Y Lack
—
105
1951
ser
a
N Y Gas El Lt H ft Pow
N
105
198O
3 Vis series D_..._
ft
*106%
:
__
'1
138
20
4Vis series B
Pitts & W Va 1st 4Vis series A
i)v 1st mtg«s 4Vis series B
94
;
1975
V
105
■
2
131%
108%
*105 % 106
.U.-
series B—
—1975
Gen mtge 3%s ser E—1975
Pittsb Coke& Chem 1st mtge 3Vis_1964
Pittsburgh Consolidation Coal—
3%s debentures
i-1965,1
'
Ref mtge 3%s ser E
'
131%
104 Vi 104%
'103% 105%
,
Gen mtge 5s
Pitts Steel
97,
80%
'*87% 100
1998
New York Chicago ft st Louis—
Ref mtge 3%s series D
105
.
,
81%
1998
& Mich Cent coll gold 3 Vis—....1898
3Vis
97%
87
109%
104% 104%
.
•
3Vis registered
1997
Lake Shore coll gold 3%S—.1998
'
104% 104Vi
104%
-104%
i.
■*'
5
' 137
108
■
106
96%
f
108
':
'. 78%',. 92
fA;,.
49 %
80
*'f '
106; ' 107% I
6
guaranteed 4s—1960
V Gen mtge 5s series A.;
-
',78%
99%
75
Series I cons 4Vis
if. series
' 100
80
75
.
17
1949
1953
1957
4s
Series H.cons
3
83%
83%
deposit
93
Louis—
guaranteed gold
G 4s guaranteed
F
Seri3s
*
97%
83%
..1954
1964
99V2
'
81
deposit
of
:
100%
80
debs
Pittsburgh Cine Chi ft St
3eries E 3%s gtd gold
96
80
1956
J Alst 5Vis series A
ACertificates
101
:
deposit—
D
1937
—----
92 VA
93^
77:;
80
.
1956
;
Alst
:
*81
deposit
O
—1963
debentures
Phillips Petroleum 2%s
86
77
—
B
series
Certificates
Alst
A
-1962
3s
(§ A Philippine Ry 1st s f 4s
A Certificates
of deposit
(New Orleans Te>as ft Mexico Ry—
-
gold 4Vis series C
1977
coll tr 4%s
1961
1st & ref 2%s——1971
1st & ref M 2%s
—
196]
1st and ref 2%s
1
—1974
108"%
105% 105 %
1974
Electric
Phila
107
1980
Philadelphia Co
,
107%
107
5Vis—:—19?£
General
126 Vi
100
126%
v—
4s
Pekin Union Ry
&
Marquette Ry 3%s ser D
Phila Bait & Wash 1st gold 4s—
General 5s series B
115%
126
•
1960
—Apr 1990
Pere
'118
A_._—1983
imp 4%s
AIncome
104
105% 105%
1986
Jersey P & L 1st mtge 3s—1974
New Orleans Term
"96% 104 7/a
1961
gtd 1st 4s
N O ft N E 1st ref ft
103%
'106%
1952
gtd 4%s series B
J Junction
103
110%
1954
AConsol gtd 4s
N
•;
——1947
Peoples Gas L & C ref 5s
Peoria ft Eastern 4s ext
.
K
7
124Vi 124%
1985
mtge 3Vis ser F
Gen
104
106% 1067/a
1952
3%s
deb
Conv
Y
%[:
126% 127
106% 106%
—1984
4'As series E
Gen mtge
106
17
1027/a 104
1981
General 4%s series D
-r
Nash Chatt ft St L 4s series A
|
-J
27
106%
106
debentures—————1965
f
s
Pennsylvania RR—
Ccnsol gold 43
—1948
4s sterl stpd dollar
May 11948
Cons sinking fund 4%s
1960
General 4Vis series A
1965
1 General 5s series B—.—
..1968
109%
107
109%
114
105 Vi
3%s——1960
3s——!—--—,——1975
1st mtge
82 Vi
63
'106% 112%
<
103 f
62%f 77
87%
$ Constr M 4%s series B
•
101%
101%
73
Constr M 5s series A
107
I
i|
109% 112%
6
1952
Pennsylvania Power & Light Co.—
91%
96
100%
102% 103
1958
(John) ft Co 3s debs
&
■
107
105%
111
■fr
1960
——
series E trust ctfB
Pennsylvania Glass Sand
3s
Moh'k & Malone 1st gtd gold 4s
107%
107
103%
'
105%
Pennsylvania Co—
96 %
107%
Pennsylvania-Central Airlines—
68 f t
40%
-1949
1980
ft ref gold 5s series H
ft ref 5s series I
108
105
:
'104
1960
1st
112
104%
107% 108
1st & ref M 3s series M
92%
64%
—
107% 108'A
—1974
107%
105
107% 108
101
104% 106%
—
'
f
103%
Co—
3%s series I——1966
1st & ref mtge 3s series J——1970
'
1977
G-.i.
101%
99
; 99%
101 %
:<
1979
5s series F
5s
101% 101%
.103%
Paterson & Passaic G ft E cons 5s_1949
4s
A 1st
S
30%
106%
20%
i
25,
26%
107% 107%
—
1st & ref mtge
1965
ref 5s series A
.
.—1946
Oregon-Washington RR 3s ser A—1960
(Missouri Pacific RR Co—
A 1st
—
110
95
96
1978
Jan 1967
A
>■
104%
!—
106
111%
94
D
series
'
101% 101%
Oklahoma
107%
65%
series
102
7
105%
79%
5s
6
2%s——————1975
Oregon RR
102
98%
93%
4%s
75
i Guaranteed stpd cons 5s
105%
'
100%
adjust
*
Ore Short Line 1st cons gold 5s—1946
99% 103
29'A
91%
lien
102% 102%
102% 102%
1948
4s
1st mtge 3s
1st mtge.
16%
99
A Cum
148
1974
guaranteed
Ohio Edison
105%
40-year 4s series B..,.,....,
Prior
»
110%
93%
103%, 106%
106%
(Ogdensburg & Lake Champlaln Ry—
•
.:
Prior lien 5s series A.—..—1962
&
87
109
,93% 110%
,
106% 106%
196*
;
^ 1st & ref M 3s series L
—1962
71
4
82
82
82%
80%
79
100%
99
100
1990
''
89% ■:}
89% |
101%
100
Missouri-Kansas-Texas RR—
|,
1st mtge 3Vas
Pacific Coast Co
\
86
Power Co—
States
mtge 2%s
Pacific
—1991
A
ser
4%s—;
mtge 2%s—.
1st
101% 102
v
t
12
;
Minn St Paul & Sault Ste Marie—
■
;
115
72%
20
109
110% 110%
-
120%
I;
2047
—!'
'105%
.
1
128
106%
52
2047
.
r'106%
„
^
115% 115%
85% 86%
Ref & lmpt 5s series C._
Ref ft lmpt 5s series D
27%
27%
;
138%
108%
111%
Central—
Ref
,
1
136
53
108%
101% 102
!
—
136%
124
5
—
121%
120
106%
65"%
f
•
121%
105%
*105% 106%
„
1997
3s
103
Metrop Wat Sew ft Drain 5%s—1950
(§AMet West Side El (Chic) 4s—1938
*128Va
1974
prior lien 4s__1997
47
133%
1
62
50
.
Metropolitan Edison 1st mtge 2%s-1974
series A_
33
60
106
89 %
'65%
1959
McCrory Stores deb 3%
i
59 %
135% 135%
138% 138%
103
83
.87%
;
»
75
59%
135%
23
22
101%
101
—1954
B-
ser
Sugar 4s sink fund_..Feb 1 1957
2014
_s
Gen lien
(Wise)
-
103
105%
104
■
:
High
89%
2
100% 100%
-
103%
101
—
MS
1958
gold 3s—
& Cine Div
1998
100
,
A-O
series F
Low
100%
104 % 105
—2003
M 3%s
Year 1945
f+-
105%
105%
J-J
—I960
ref
ref 4%s
Range for
Sold
No.
High
,
mtge 5s conv inc..:
Northern Pacific Ry
118%, 120
•>>: 119 :,.119v.r>v<-' 1
«
Norfolk & Western Ry 1st gold 4s_1996
North Central gen A ref 6s
1974
Nashville RR—
ft
&
Paducah
116;
--"
.;
"
1969
121
'
A-O
———1963
Louisiana ft Ark 1st 5s series A
118%
'
--
•
Norfolk Southern Ry Co—
1st mtge 4%s series A
93%
132%
'106% 1-107V4
Af-S
v
127%
Bonds
Bid & Asked
High
78%
12.
Last
Sale Price
Low
New York Stock Exchange
109%
107
MS
——1949
Lorillard (P) Co deb 58———:.—1951
stamped
Low
'118
MS
4s
series
4s
gen
Year 1945
No.
Week's Range
or Friday's
Friday
Interest
Period
Range for
Sold
.
86 .
87
'132% .:'t_
'118
119%.
1
Lex & Eastern
4
BOND8
Bonds
Friday's
Bid Jfc Asked
C,v' VLow
Lehigh Valley Terminal Ry ext 5s_195i
JANUARY
Week's Range
Interest
Period
New
BOND RECORD
WEEK ENDING
109%
Baguenay Pwr Ltd 1st M 4%s
Bt Jos ft Grand Island 1st 4s
1968
1947
*102%
...
102 Va
106%
103%
•;
THE COMMERCIAL & FINANCIAL CHRONICLE
92
>
■
i
■ ■■■
,
i
in
i
■
L
i
»
H
n
i ii
i ii
i
Monday, January 7> 1946
i
NEW YORK BOND RECORD
'
RANGE' .FOR WEEK' ENDING.' JANUARY 4 / '
Interest
Exchange
Sale Price
Period
Bt Lawr St Adir
2d
gold 5s,——-1998
1st
Francisco Ry
ser A—-———1950
ISt Louis San
Aprior lien
'f
of
J-JT
64
65
J-J
71
68
71
:
70%
67%
70%
48%:
45%
48%
47%
45%
48
•
*6t Louis-Southwestern Ry—
1st 4s bond certificates——-—1989
M -N
116
115
93%
93%
66%
•.
51
*.
Third Ave Ry 1st ref 4s—
'
a Ad)
86
86
"
99
J-J
F-A
A-0
M-N
A-0
\
114%
104%
133
■
Air
Line
28
53%
74%
74%
16
52%
75
74%
63
53%
76%
(Joseph E) & Sons 3148-1965
On 2%s debs———1954
debentures—.1961
t§ASiiesian-A»n Corp coll tr 7s—1941
Skelly Oil 2%s debs————1965
80
81%
104
20%
21%
77
20
107%
12
107
102% 103
*103
102%
102
5
;
'2%s debentures
Boutneru
————1985
102%
20
101%
126
104% 105%
103
102% 103%
M-N
102
102
Af-N
104%
104% 105%
A-O
106%
106% 106%
101% 101%
1st
Pacific
RR
3%s
■
series
C————1996
Devel
&
J-J
103%
St
Mem
Div
gen
1st
104%
A-O
6s
-
——.
»
1st. gold 4s
104%
150
84
105
Southwestern Bell Tel 2%s debs—1985
Apr
123
M-8
23
114%
116%
126
103%
lBt ref gtd gold
F-A
3%s—2000
1948
Sunray Oil Corp 3% debs
Superior Oil 3%s aebs—
Swift St Co 2Kb debs
105%
J-D
57
103
—1959
——
J-D
1986
—1981
M-N
:
103%
103
'•
.
105%
-
Af-N
104% 105
20
of'
'ACertificates
Af-N
103% 104
104
28
101
103% ;
125
131% i
105
-2019
imp M 4s ser C—
Ttxarkana & Ft Smith 5 Vis A.
debentures
&
Gen
F-A
1980
A-O
-1968
—
*129%
J-J
1950
Texas Company 3s deb.:
Texas tf
106%
110%
25
104%
108%
45
92%
105,
91%
A-O
'
■
—
86%
Af~N
38%
95
76%
79%
157
92%
36%
36'A
•108%
19
'■■-;
5;
49%
20
45
38%
,42%
.
105%
2
—
108%
108'A
107% 107 »A
^
V-J
117%,
"
37%
•
36 %
■
105% :
115
'
A-b
107
103%
88%
.86
;
104%
8
■..•117%
J-J.VVvV
99
99
_
104% 104%
J
deposit-———.
:■■'■.'
106% 107
•
^
89%
110%
109%
'
.
74
—
—
106 %
94
77%
42
•
103%
101%
4i
87%
*109'/a
108
105% 108%
10
92%
87%
*-
115
i-iri 5
■';i5..
107% 108%
102% 102%
87%
Af-S
Public Service 3%s——1971
:
105
109%:
104% 105
Pacific l*t, gold 5*—
-200A
ref M 3%s ser E
1985
——.
25
103%
lioy#
37
105%
130
150
142%;
142% 142%
4
J-J
104 %
103% 104%
68
:
the
99% 104%
Texas Pacific-Missouri—
J-D
Pac Tenn RR Of New Or! 3%8—1974
*103% 104%
102%
dollar quotation per 200$4.8484.
tCompanies reported as being In bankruptcy, receivership, or reorganized under Section 77 of,
Bankruptcy Act, or securities assumed by such companies.
•Friday's bid and asked prices; no sales being transacted during current week.
.
;
:
SNegotiability impaired by maturity.
tThe price represented is the
pound unit of bonds. Accrued interest payable at the exchange rate of
108%
J-D
,
d Ex-interest,
e Odd-lot sale not
sale not included in the years range. rCash sale
delivery sale not included in the year's range
Included in the year's range,
nUnder-the-rule
not included in the year's range,
y Ex-coupon.
107%
106% 107%
:
Af-N
Deferred
a
Terminal RR Assn of St Louis—
3s
15
109%
92%
M-S
'•
107%
-107% 108
M-S
A—1992
117%
105%
Transmission—
mtge pipe line 3s—■———_, -1968
1st
115%
106% ii6%;
■
;
73%
102%
101%
:
•''■finis;
108
J-J V
|ASu & Du div & term 1st 48—1936
*
ACertificates of deposit——
Wisconsin
Ref &
,
103% 105%:
•
,
108% 109
:
108
...
J-J
Wisconsin Elec Power 3%s——-.1968
Gas Si
103%
60
107%
108
108%:
M-N
$AWisconsin Central 1st 4s—1941
"
106
104
108'A
J-D
Wilson & Co 1st mortgage 3s—;—1958
1st 4s—;
1960
106%
109
102
64
Cc—
Winstdn-Salem S B
107%
*104% 105%
100
-V
.
107% 108'/a
107%
'
;
102%
--
107
107%
A-0
Wheeling Steel 3% series C——1970
.
95
105%
100,
62
.
—
'
Gen & ref M 2%s series
,
108%
V--
May
Wheeling & Lake Erie RR 4s——1949
-106%
104%
*107 '/a
.
105%
^
-
4
*115% 118
J-J
guaranteed——2361
---—2381
Registered
"
66%
■
M-8
:
100
90
■V
94
103%:
*101%
v;:=i
'
Af-N
'
-22-,'S
106%
98%
*62%
-*"■-<*,
J-D
series I—1966
Telegraph
West Shore 1st 4s
1
109%
102
5
111
84%
108
%'<s;
'
Funding & real estate 4Vis——1950
25-year gold 5s—1951
:
Tennessee
\t
30-year 5s——————
1960
Westinghouse El it Mfg 2%s——1951
118%
95
65
*105% 105%
104% 105%*
F-A
1961
;
Standard Oil N J deb 3s—
65
123
103%
74
107%f
104 Va
118
77
J-D
•
123%
4
103
103%
.
;
/
Union
111
65
—
29
*103
'-Vv.
•
3 %s—^————11967
'
»
3Vis—--------1955
Petroleum
Western
106 W
i
100%- 102%
.20
■
—
102% 102%
108'/4
Maryland 1st 4s—
—1952
Pacific 4%s inc ser A—..2014
136%
106
112%
106%
93%
106
102'%
A-O
Western
10
.-
V* 109%
115%
109
•••
97%
*97
•
106%
—raoo
West Penn Power 3%s
119
2 '
■
106%
.
'
F-A
106 «/4
95%
107%
:
Apr
F-A
106%
103 Vt
11
164
107% 107%
103%
A-O
utipoaaiie internal 1st gold 4Vis—2013
Stand Oil of Calif 2%s debs—1966
79
■
*119
Apr
101%
104%
"
:r.'
--
WM
Co 1st mtge 4s.
Gen mtge
107
30
:i
—
.
•110
M-N
—1995
106%
13
'126% 126%
107%
107%
107%
98% 104
101%
*103%
Q-Af
103%
99%
\
A-O
Washington Terminal 2%s ser A—1970
Westchester Ltg 6s stpd .gtd——-1950
105 y«
85%
85
123% 125
125
A-O
J-J
1951
136% 137
104% 104%
118
J-J
-
St. Louis Div
92%
•!
65
105% 106%
,
137
A-O
4s series A-
gen
105%
104%
103% 103%
'w.-ii.' '■
-
Baking Co 5%s debs
(subordinated) ——————1970
Warren RR
159
103-
105% 106'A
106%
,
1956
1956
6Vis———1956
gold 5s
i996
gen
Devel
-
St
106%
J-J
By 1st cons gold 5s——-1994
Devel
M-8
J-J
———1958
—
*114%
A-O
Western
J-J
1961
■'-:3%s...'series/B__———'—Lvi.i-'-t.l986
34
Ward
130
'
.—
107
*115'/2
;
M-8
gtd 5s———2003
4s
mtge
Waiwortn
V
107%
.
Co—
mtge 2%s ser A
Southern
F-A
lnc series A——1981
Gen mtge inc 4%s series B—-1991
1st mtge 3%s ser B—.———1971
Gen
^
Warren
4
—
San Fran Terra
Southern
117
105%
M-8
1st 4s———1950
Gold 4 Vis:
58-
cons
ioi y8
'
26
102%: 104
Af-S
.
107
J 03%
107% 107%
M-N
Coal & Coke 1st gold 5s—1949
107% 111v
*109'/a 110
_—1968
1969
—1981
A--——1977
—
—
106%
104
10
*103% 103 %
102%
105%
104
104
18
107%
Washington Central Ry 1st 4s
1st 4 Vis (Oregon Lines)
Gold 4 Vis-
A-O
Wabash RR Co—*
103 Va
80
*129
F-A
•
35
49'
66
*106% 109
J-J
104%
*105% 106
Pacific Co—
Gold 4 Vis:
series B——--1990
107%
101%
'•'■
A-0
—————-—-1979
debentures
35
105
101% 103%
106% 106%
104
A-O
Southern Bell Tel & .Tel Co—
3s
21
105% 105%
104
J-J
101% 103
T
73%
J-J
Socony-Vacuum Oil 3s debs
1964
South & Nor Ala RR gtd 5s———1963
103
20%
103
102% 103
J-D
113%
103
*103% 104%
J-J
1947
—
Virginian Ry 3s ser B-—
83% rv
"
104%
"Lii-
i-
73%
J-J
110
,
M-8
'
F-A
10
106%
1st
'
J-J
103
105% 1L6%
35
3%s debs——1959
100'
76
2oy8
J-J
Union
2%s sinking fund
101
5
103% 103'A
*33-
M-N
Va Iron
105
99%
-
81
Seagram
111% 111%
A-O
Virginia Electric & Power Co—
1st & ref, mtge 2%s ser E——1975
101
78%
81
•;:'-
*99%ioa;
Af-N
6;.
10
,
.
Va & Southwest 1st
■F-A,-;
i.'Ji-
A-O
Vandalla RR eons g 4s series A—1958
Cons s f 4s series B— ~——.1957
Co—
RR
Jf-N
57%
73%
*102
mtge 4s ser A wi_————i—«''■Gen mtge 4Vis ser 'A: wi—i-i--——
>-tfiS£afcb&rd All Fla 6s A ctfs—-1938
106% 106%
57
39%
56
•
*101% 105
1st
94%
45%
60%
102% 105
' 1
,
High
,
84%
537a
;;i;
74%
M-S
100% 100%
A-O
Universal Pictures
120%
39%
73
74%
tr
land grant 4s
Ref mtge 3s
74
(Guaranty Trust)—
ACtfs of dep (Chemical Bank)—
f § a Atl & Birm 1st gtd 4s——1933
ACertificates of deposit—
100%
,■
United Biscuit 3%s dens—-1955
86'A
i'
56%
56
73%
103
106'/a
.
39%
51
56%
M-S
103
34-year ?%s den————1970
35-year 3Vis deb.:
.————1971
120
ao
51
ACtfs of dep
Seaboard
86
*117% 120
A-0
j
series A———1948
6s
cons
1-
591
:
Mo
Pacinc RR—
1st &
106%
130%
*115
Union
62
Air Line Ry-r-
gold stamped
—-195G
A Certificate of deposit———
lARefunding 4s————1959
ACtfs of dep. (N Y Trust)-———
ACtfs of dep (Chemical Bank)—
} A'Is
58'/a
:
(Chici 5s^—1945
Union Oil of Calif 3s debs
—1967
2%s debentures ———-—1970
100 Va
40%
*132
51%
J-D
debs—1960
3%s_—1971
2%s_——-—1975
of
Co
coll
&
M
1st
97%
72
■v
105% 105%
80
F-A
gold 48—1946
gold 58—..1949
tSAUnlon Elev By
95%
114%
47
89%
U
Electric
Union
116%
72
.51.
55%
1st
1st
Year 1945
Low
57 \\
*,
Range for
Sold
NO,
88
J-D
•'
50%
87%
—
54 Vi
55
Gas & Elec
Tri-Continental Corp 3%
Bonds
High
'
70
108
28
Friday's
Bid <ft Asked
89%
A-O
51%
36%
V'. 2
100
*112
J-D
4Vis-—1941
St Paul Union Depot 3 Vis B——1971
Bcioto V & N E 1st gtd 4s——1989
71%
Ham & Buff
Trenton
>'
36%
10
'
87 Vi
1st cons gold 48-1968
ISeaooard
A—
income 5s
J-J
——i960
Jan 1960
Tol & Ohio Cent ref Si impt 3%s—1960
,
51
,
8
1,419
i 42
93 Vi
J-J
*§A8t P & K C Sh L gtd
Sneil
68
48
116
J-J
2d 4s inc bond ctfs...——Nov 1989 /
IA 1st term & unifying 5s
1952
AGen & ref gold 5s series A—-1990
A
"
48%
15
403
(■'<■
ACertificates of deposit stpd——.
A 1st
99%
834
ff''63%:n6?:n:;
66%
M-S
;
ACons M AVas series A——
St- Paul St Duluth
92%
—
65
——1950
deposit——
1978
of
ACertificates
V<"
deposit----———
lien 5s series B
APrior
96
'
Toronto
.'
4s
ACertificates
79%
'99
'
or
Low
97
*97%
Sale Price
High
81
A-0
stpd———1955
Low
.
Last
Period
Year 1945
"No.,
High
Interest
New York Stock Exchange
Range for
Sold
J-J
-
6s——————w-1998
gold
St L Rocky Mt & P 5s
Bonds
Bid & Asked
Low
/ Friday Week's Range
BONDS
Friday Week's Range
Last
or Friday's
BONDS
New York Stock
104
ABonds selling flat.
:
HMk NEW YORK CURB EXCHANGE:w#S«iMte
:,
NOTICE—Cash
and
deferred
delivery sales
a
in the week in which they occur.
following extensive list
WEEKLY AND YEARLY
we
furnish
pec, 29, and ending the present Friday
every
security, whether stock
or
a
(Jan.
complete record of the transactions
1946).
4,
in which any
bond,
It
is
compiled
dealings
•TOCK8
York
Curb
Week's
Friday
Exchang*
Last
of Prices
Par
AC7-Brlll
Acme
A
D
Aero
Motors
Wire
F
uu
Low
warrants——.
9%
27%
13'/a
13%
B——
Ainsworth
Mfg
.
S ^
common—..
<NJ)———. ;
5%
■.
.
17
i
Mfg Corp
preferred'
/
Great
16%
16
21%
21
.—,3
■;
117
13
conv
common
preferred.
Aluminum
pfdi!
—*
Goods
Ltd
————.
.100
45%
preferred
American Beverage
—
American
Book
American
Central
American
Cities
Convertible
Jan
— ———
51
48
62
53
115%
115%' 115%
.
.
36%
550
Apr
112%
page
97.
American
American
Feb
Maracaibo
Potash
u%
63
,
119'/2
Oct
American
Dec •
'
Amer
1st
NOV
$6
American
Thread
116% 117%
1,150
Nov
American
Writing
21
22%
52
52
250
1,200
-
1% Mar
46
Mar
47%
■47%
—1
7%
.7%
48
8%
122
49%
2V4
6%
62
Nov
Dec
Anchor
*
'
"Post
Fence..
2
8,500
Nov
Am dep rets ord reg—
Angostu ra-Wuppermari
Apex-Elec Mfg Co common
Dec
Appalachian Elec Pwr 4Vr%
48%
8V2
Dec
Argus
Tnc
—
24%
2% Nov
Jan
46 Vi
5,600
31
125
xlll
Aug
14
14
14 Va
47%
47%,
50
41% Jan
52
52
100
47% May
23%
24%
400
18
43%'
45
400
23%
31
25% '
32%
20
21%
8Ve
5,400
Dec
46 Va
Jan
113%
43%
Nov
50
17%
113
43 Vi
Dec
115
Jan
Nov:
14%
:
Dec'
1
52
24%
'45:,
;
'
24%
20
5y8
'■'
,
'
4%
9,400
50
Dec
54
.
July
29%
Mar
32'/a Jan
17% Jan
:
Dec
45»%
Dec
26 a. c Oct
400
25%
Apr
32%
Dec.
900
20
NOV
24%
Nov
22,000
5%,
55 »A
55%
16
1
% Jan
6%
Dec
"Jan
44
.
55%
Dec
59
Dec
175
'
41%
Jan
3,900
15% .17'/a
11%
Jan
8%
1,200
2%
2%
45,100
120
45%
125
120
Dec
2,300
18
6%
10
lO'A
—
£1
I
18
43
6%
10
9%
1
18
5%
10%
1,400.
2,000
10%
1,100
7
18%
,
750
500
5%
*
40
40%
115% 115%
100
13 Vb
'.19%' Dec
9%
Jan
120
43 Vi
,
4% Jan
8%
2%;
——•
pfd
:
1,000
113
Anglo-Iranian Oil Co Ltd—
Jun
36% July
A Jan
2,000
,
23 to
110% July
54
3,900
•
23
*
—
——
-*
preferred
—_8
Paper common-—•
25%
Jan
—•
5%
Jan
4
—1
$8 series preferred-
Aug
y? July
•
1%
.
i
High
31
-25
Common————- 2
Corp com——10a
11%
42
47'/a.
■
1% ;
23%
-25
-—
44
100
-28
———10
-
50
V-''.
;
Chemical
preferred
Jan
1,000
49
•
Beal-Kap
Superpower
Nov
Oct
&
Republics-
26%
107%
Co
Meter Co——
25
—28
see
footnotes
American
19%'Jan
62
21
ZJ1Z
American
.
15% Jan
86% Jan
62
fi2
...1
St *iight—
A—— -28
For
'
150
~5%
400
,■
Laundry Mach——.—
Americrn Light St Trac common¬
er
preferred
—
————,
American Mfg Co common
Dec
Nov
.20
American
300
1%
—;
Class B
;
Range for Year 1945
Hitth;
Lout
Dec
Dec,
22%
T
—
A—,
common—10o
—1
preferred———1
Rubber Co——-—25
24%
.100
for Week
Sharee
;
8ales
Range
/.
preferred—
21
117%
;
60%* Nov
Jan
Jan
General Corp
American Hard
14%, Dec
Jan'
common——*
Hoe
St
&
convertible
48
Jan
Power
class
♦
NOV:
Aug
Fork
Gas
$2.50 convertible
^
Dec
Cyanamld Co common
10
Foreign Power warrants-
Electric————10
preferred———
-——.100
American
-
$2
Nov
29
10,400
'
Mfg
Sep.
122%
37
1,000
67Va.
>-4% %
Nov
110%
8V4
' :
American
'
Dec i
134%
;
American
Dec'
18%
Jan
6V<
100
Last
&
24%
1
common
Co_
American
Dec •'
9%
•
American
.
Apr
115V4 May
200
44%' 45%
■„
common—.—
6%
Dec
23%
:
'
Week's
•f Prises
Friday
Exchange
«ale Pries
Nov.
6%
39%
Jan
10
13
67
—
Mfg_
'
Aluminum Industries common——
Aluminium
3%
99%
Curb
y"
'
18
Jun
100
t
York
:
Far
106
Allied Prooucts
iMichi—i—
..10
Altorfer Bros Co common———
Aluminum Co
5 Vi
6%
19%
22%' Dec
—
Allied Int'l Investing $3
"•
Aug
2,4CjO
117
32
2% Mar
36% May
2,000
130%
117
X25%
11
15,200
9%
129
Alles <fe Fisher common—
Class,
8%
129
Jan
100
23%
Southern—..
-14%
400
18
—10
Sep
3% Aug
9% Jan
1,000
6
-50c
■,,
.
11%
■■
Nov
10%
2,500
17%
L
preferred
6%
'
15%
•
Power Co $7 preferred—.
Alabama
$8
5%
•
——.
Air-Way Electric Appliance—
Alabama
6
15%
2
Convertible preferred—-l*-*— —10
Q%
5%
16%
;
Air Investors common.—.——.
Aireon
Jan
27
10
300
I
''J''
; ''
*
High
19%
:
Air Associates Inc
■
2%
1,300
,
Supply Mfg class A_—_.
Class
-
Range for Year 1945
Low
10%
27%
for the week beginning on Saturday
Exchange itself, and is intended to include
STOCKS—
New
Shares
High
9%
—8
-
WEEK ENDING JANUARY 4
for Week
.
27%
Zlio
uumuuu..
Co—
the New York Curb Exchange
Sales
Range
Sale Price
on
from the daily reports of the Curb
outside the regular weekly range are shown
have occurred during the current yean
RANGE FOR
New
RECORD
disregarded in the week's range unless they are the only transactions of the week, and when selling
No account is taken of such sales in computing the range for the year.
are
footnote
In the
in
13 y8
14
V
500
100
1,800
%
Oct
3V2 Nov:
Jan
135
Aug
49%. Nov
4%
Jan
8%
Dec
5 %
Jan
11%
Dec
3%
Jan
12%
Dec
17% Aug
3
Jan
'2.0 V4 Jan
111%: Jan
7%
Jan
20% May
■
6 %
NOV
Dec
41
116
15%
■
Dec
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4453
yolume 163
NEW YORK CURB
RANGE
Curb
Sales
Range
for Week
of Prices
Snares
Friday
Exchange
Par
Natural Gas
Arkansas
class
Common
6%
Low
common
non-voting
6%
10
ft Light
Power
Equipment Corp
Oil ft Refining Co
Electric
American
25 Va
Atlanta
dep rects
110%
io
,
3,400
,
7%
Dec
Controller
Clark
11% Dec
Jun
*
Suburban Homes—__——10
City &
.
,
Dec
Claude
29 %
Dec
Clayton
15
Oct
Cleveland
115
Feb
16% July
7% Apr
1.600
12%
City
•>
2%
8% Auj*
% Jan
Atlantic
Coast
Atlantic
Coast
Line
•3,700
10%
class A
3%
10%
300
3
Jan
17
Feb
July
7% Aug
58% Jan
16,800
;:"
12%- 14
90
90%
375
8
Co
8%
104
Coal
24%
25%
Automatic
Products
15%
16'A
Voting
9%
91
Dec
••■■
Colt's
10
Dec
r
Columbia
27%
Dec
Apr
18%
Jan
800
;
Jan
Fire
Patent
5%
.
common
'
de
Banco
Barium
Steel
Barlow
&
~9
7 %
ID
1st
7 14,300
%
Oct
Community
>
48% Dec
Beck
S)
Shoe
(A
Bellanca
51
common
v
8oo
?■;:.*£< 50 ,7 55% ;7
7%
Canada
' 1' 6%
8%
167% 1^8
t
$3
34
77
extended to
c
(E
$3
)/;.
W)
7%
V
13%
•-
30%
V;:, 27%
5%
1st
2d
$5
Breeze
5%4
26%"
53%
39
2%
A;
71
'
39
2%...
22 % V
2%
71%
Mfg
Class
Co
American
Ain
Amer
B
22%
23
/f,
7
;
Brown Rubber Co
Bruck
Silk
26
;
/■ft 3% Feb
Dec
24
5% Aug
A .17
Mar7
Dec
-
6
r
-
•
—
700
800
common
5%
20
7
Nov
•„&ay
91/
common.
6,900
/7;
Mills
Ltd
100
11%
Feb
Nov
/
7;; 77
:■%;:
$6
7
.
9%
5%
preferred
Hill
ft
104%
—.
Sullivan
19%
Corp Am dep rets
Burry Biscuit Corp.
Butler
(P
H)
2%
11%
.
20%
2,700 '
12
common
7,700
*
7' / y:m ■''
7
106%
;
.
i
Cable Electric Products common
Voting
trust
5%
3%
Dec
"13%
/
S
American dep rets 5 %
Calamba
Sugar
California
Callite
pfd
Estate-*,,
Electric
Tungsten
Camden
Fire
Canada
7%
Dec
preferred
20
108
...
Class B 1
Carnation
Carolina
Carter
6
Casco
(A M)
&
Cnrp
Central
Maine
Central
New
of
Central
Ohio
Central
pfd
ft
&
South
7
7%
America
Mar
7 Jan
Light 7%
6%
pfd opt div
Aircraft Co
Sep
%
Jan
12%
118
May
21%- Dec
■
57%
Dec
16%
'1
21%
Cnans
corp
Nov
'
Apr
Jan
Feb/
preferred
17% Aug
14%
.,120
29_.
loci
100
common
$6
60c
£6
Service
75
350
bV'common
MiningI
22
,
Dec
Nov
':
38
Feb
Oct
Dec
21%
NOV,7
19
Oct
Nov
Dec- r
',
6%
Dec
f ; 33% Dec ,/
.14%
Apr
Dec
7
15
Aug
7
88
7: Nov
67
Aug
May 7
74
Apr
38 Va
J a"
66
84
Jan
7103
8%
Y'J-
Sep
/
«.
91/-*
20
Jun
Nov
>■'
Nov;1;
Dec
7% Nov
Jan?
.7 16% Dec
11% July
12
r
Dec
Feb
7%
20,
Dec
Nov
10%
Jan
21%
Jan
22
145
Nov
33'%
Jan
1%
Jan
5%
NOV
47'% May
84 Va
Dec
2,100
:
.
15%
125
25
900
20,600
19%
73,;./.
18%
26%
70%
Nov 1
73
70,
Jan
2.000
7%.
7
19%
600
51 %
300
24%
26
common
2.500
51'% -51%
5%
preferred
Empire District Electric 5%
Emsco Derrick ft Equipment
Equity Corp comhion
$3 convertible preferred
7". 76%
Nov
250
v 300
109
,
100
10
109
13%
13%
7 200
3%
3%
14,100
49'%
•
51
-
?
650
■
145
8%
Dec
Dec
58
Dec
35%
Jan
15
Jan
50
Sep
f
Sep
108% May
104'%
33% Jun
15%
10% Aug
1 Va
43
Nov
Nov
171/4
7% Mar
' May
15 %
43%
7 1.300
30'.'a
J5%
v? 2.100
11
Aug
6%
24,100
3
May
7%
857
550
56%
Oct
100 V4
100
16
Apr
27
Feb
106
33
Sep
112
34%
Feb
50
Nov
Fairchild
Camera
11%
Sep
17%
Sep
Fairrhiid
Engine
470
19,300
preferred B_—_
preierred BB
•
600
10
page
% Aug
3
85
Jan
174
16%
97.
Dec
$2.50
conv
ft
ft
Inst Co.
14%
Airplane.
5%
80
pfd.
Falstaff
30%
Dec
Fanstep]
Jan
145%
Dec
Fedders
11
Jan
13%
Dec
-1
Manufacturing Co—..
Federal Compress <fe Warehouse Co. -24
Nov
Fire
142
Brewing.
Metallu..
Association
5%
26
Dec
Jan
1)7
110% Mar
14%
78
(Philai
,79
..
.1#
12%
26
78 "2
81%
12%
13'%
"
2.600
Oct
Dec
67
16%
14%
Nov
Dec
Dec
Dec
Nov
40
Oct
11%
Oct
23'%
9,800 ;
r
67
38 %
;
Jun
27
Nov
July
75
Jan
56
,.
Oct;
48
25
Dec
Dec /.
4
;
s
Oct
54
Jan
Jan
52
X41%
common
Dec
19%
fa Jan
Ti»/« Jan
800
.
Line
Dec
.80 V2 Nov
.
'
14%
Inc
Eversharp Inc new,common
Nov
21% Nov
,
4,600
;
19'%
Pipe
Jan
Jan
Jan
Dec 7
57% Nov
:/./ 14% NOV
Jan
75% X78
50 %
Esquire
9%
77781;
May
141% 146
X72
$5.
Elliott
;
8;
17
warrants.
Co
47,
39%
Oct (.•
Nov
Jan
82 V*
42 Va
Dec
16%
Nov
Feb
400
pfd. formerly $6.
Power ft Light 2d pfd
Option
Dec
45%
formerly
pfd
lOO'/a
46'%
Electrographic Corp__
Elgin National Watch Co
Dec
8%
75%
common
$4.20
Electric
Dec
48
& Share
$3.50
'/
Dec
.
Bond
Electric
Feb
—
3% ! 4%
78,7 7 80
J Eastern States Corp
77 $7 preferred series A
$6 preferred series B
Eastern Sugar Associates—
//
$5 preferred
Easy Washing Machine B
Economy Grocery Stores
Jan
78%
1,325
C-.7
Malleable Iron
*8% .Nov
2Va
200
74'%
72%
»
2,100
6% * -6%
99% 100
preferred—
6%
Eastern
Apr
52
Aug
.
prior preferred
750
4,200
see
t
Xl02Va Nov 7
8'% May
3%
J
34 V*
80
/
,
25% Mar
6%
Sep
12%
Apr
"
v Dec
122%
122
6,300
common
footnotes
IOV4
39
Jan
15..
Textile Co Ltd—
200
preferred
For
;/
Ltd.
Dec
Jan
/ 6'/a Dec
Jan
.Jan
2,400
11% Jan
2,200 7;.1: 20 / Jan f
9,300
4Va Apr /
1
Nov
14
26
21%
'
Mfg
SChilds Co preferred
Cities
Sep
Jan
13% Oct
Corp
4%%
Dec
Jan
3% Aug
common
common.
Consolidated
Dec
18%
common
,
Dec
25'%
2,000
,
/
Dec
155
155
10%
Dominion Bridge Co
,
Nov
Aug
18
Chicago Rivet & Mach
Chief
16 Va
Jan
Apr
7 Apr
5%
Co Ltd—
Co
Apr
l5%>Dec
1%
dep rets ord regCorporation
Divco
Dec
51
40% Mar
27
Cast'Gas ft Fuel Assoc common.
.
Apr
107%
18
ser
Chicago Flexible Shaft
.
50% Dec
Jan
Feb
16
preferred—
7%
Eureka
■"hpsebroinrh
•■■■/•'
I"
•' ■■'/1 k
22'%
20% Aug
Domestic Industries class A com
,7
Dec
34%
'U APr
Chamberlin Co of America
Cherry-Burrell
'
■7 8
Mfg
&
preferred
Dobeckmun
Nov
Jan
Utilities!
ser
Dec
:oct.
Dec;
20
Jan
31
119% July
Jan
104%
pfd
33
'
7
63
pfd opt div
Conv
Feb
118% May
5%
Products
preferred
Cessna
Dec
7% July
pfd
Power
Conv
'
Nov
24
West
Dec
35 Va
'
De Vilbiss Co common..
v
Dec
6
14
Scent States Elec
20
30
8%
Co
Steel
Nov
Jan
116
Power 1%
Power
Cppt.ral
29%
Dec
42%
com
York
'•4-11%
!■,
Apr
17
28
Products
Castle
Oatalin
Aug
4% Mar
!
Oct
Oct
32 Vt
47%
Jan
108%
Apr
12
Co
Apr
Nov
16% Jan
common-
W)
6V»
72
July
8%
;/ Jan
5%
A
P & L $5
(J
Oct
12
Detroit Gray Iron Foundry
Detroit Mich Stove Co common
7 Detroit Steel Products
;
;
Co
>
5
% Apr
1%
class
32
lOVa July
Duval Texas Sulphur
25% May
Products
Co
Apr
Jan
82
Nov
4 -7,
Canadian Marconi
&
Nov
22% Mar
Driver Harris Co,
7 Duke Power Co—
Dunlop Rubber Co Ltd—Am dep rets ord reg
Durham Hosiery class B common,
Dec
Foundry Ltd
.
Carman
9
r
Dec
Jan
2'/a
Duro Test Corp common
25
Dec
22
"
preferenceIndustrial Alcohol
City
17'%
11% July
Jan
7 5%
Sep
July
Dec
138
Nov
14%
Nov
16%
\
July
7%
13
7 8% Jan
A Class A voting
/ Class B non voting.
Capital
4%
Dec
4'/a
Nov
32
common
710%
7, Jan
5
common
Participating
Canadian
7
s
6% Mar
'
6% %
Jan
Jan
Jan
Insurance.
Canadian Car &
3%
7%
:|7|:' 6%
34
Jan
25 %
■
Dominion Steel & Coal B
7 Dominion Tar & Chem Co Ltd
Dec
5%
Corp..
,
Bread Co, Ltd
Cement Co Ltd
Canada
Jan
700
Gasket
.1 Dominion
1% Jan
100
Aug
;•
3Va
7 Derby Oil & Rit Corp
7 Draper
2
200
Power.
10%
8
debenture——,
•
Nov
400
,
Dec
Oct
7% Mar
preferred
$6 prior
Distillers
Dec7
10%
600
5%
certificates
Wireless—
&
Nov
:
15
Diana Stores Corp.
;!
Cables
Dec
45
10%
Mfg class A
Dennison
6%
77/r/A
.
Dec
Jun
1
Drug Co common
convertible preferred
Detroit
Nov;
Nov 7
22%
3
Jan
4% Jan ',
Nov
6
24
Dejay Stores common
Dec
/
Nov
8Va
'109'%
■8%
Oil Refining common
preferred
Am
Dec
Jan
i/Tj
■
Davenport Hosiery MtUs
Rubber Mfg.
7 /
Class A convertible
Feb
10% Jan
50,800
3%
preferred
Tobacco
'
Bunker
32%
Jan
Jan
32
Dayton
Corp—
"Burma
Nov";
2% Aug
Atlantic Sugar.
/;
Nov
10%
Dec';
2 Ve
2
Cuban
Dec
715%
.
Dec
14%
14% Mar
V; Curtis Lighting Inc common,
7
Curtis Mfg Co (Mo)
•
Jan
Apr
30
Jan
if?
Sep 1
48
9% Jan
113
Sep
84
Cuban
Z
K'
Sep
Dec
100
.
29%~Npv
Ve 'Jan
International A_
Cork
Dec
11%
"
receipts (ord reg)
dep
Nov
6
38% Nov
Aug
13% Jan
common
■
Nov
£6% Dec
?
Dec
34
Mar
10
1,300
Electric
Crown
Dpc
46%
3% Jan
33
Nov.
4%
,
Dec
4% Jan
7 Crystal
Nov 7
7%
Jan
16 %
&
convertible
5%
■
7 Dec
28
Feb
76'%
8% Jan
2 Va Jan
Reynolds
preferred A—
V
Jun
Oct
Jan
43'%
10 Va
6% Aug,
Petroleum
Jun
Pec
5%
116%
Apr
106
Ltd.
Dec
87
•
23%. Dec
Jan
.
,
?
3
t.
23%
2% Apr
24
5,600
Co common.
Niagara
20%
,
118%
Co.
Range
Crown
7;
5% Sep
2,900
:
.
Sep
Jun
21
19% Jan
Jan
Jan
Crown
{/;7
7.7
25% Dec
7'/a
67 %
114'%
Co.
Crosley Motors Inc
Crowley Milner & Co
Cent Petrol
(Md)
*73
;
7
11% Dec
^
..19 % "Feb
?'&"■
7
Nov'7!::/
77' 6%. Dec
2% Aug
}*lar
Creole Petroleum
Croft Brewing Co
*-
kk
/■•;■ 79% Nov ,f/7:
Jan
\
Buckeye Pipe Line
Buffalo
Nov
4
;
Jan
prior preferred
<E Li
29%
Dec
43%
Co..
Courtaulds Ltd—
Dec
31 > JuriA? ^35
V.A9N 7*/-J1'? i:.rv ;v« "
24
20% Aug
...4—
& Wire
preferred
Bruce
•; /.
44 ;/< Nov
;
sep
20
Dec
150
% Jan
/;15
Feb
Nov
53%
Jan
8,100
Brown Forman Distillers
$5
57%
56
••
5%
Jun
Fdy & Machine Co.
American
;/ 28'% Sep 7.7
Jan
34%
500
/
v
777 7
A7:1
Ltd—
—
A
-
fZfi
Tobacco—
Brown Fence
Class
Dec ;
Dec
"V
1,200
dep rets ord reg
Columbia Power class A
Class
Dec 77.
Nov s: /
$6
Dec
23
Jan
Feb
15
Cosden
Dec
Nov
1
102
7
Jun
Jan
11%
500
2,100
preferred——
Cor? von
A
6%
Jan
Oil Co.
Celanese
British
"
15%
Jan
dep rects ord bearer
dep rets ord reg
Am
British
Dec
41
.' 4%
U Jan
Cornucopia Gold Mines
36%
12%
5%
24
Nov
f
27% Jan
Coro Inc d
,7
'
21%
.
350
1,300
4
Royalty Oil.
Steel Corp.
prior
Copper
jv.7
Feo
Jan
6%
4,800
American
Dec
46%
46
Jan
32 7
common
British
168
f:
39% 7**
'
Gas
Textile
7%
Dec'
Jan
110
3,350
2,300
1/64 Jan
Oct
101
Jan
71
520
Cook Paint & Varnish Co—
7
.
3%
9%
A
British
8%
y 55
Nov
A 15% Jan
12,800
;
Continental Gas & Electric Co—
Dec
15%
50
/
Bridgeport Oil Co
Brilio
Dec
34%
51
; Consol
7.7.
24'/a Nov 577
Jan
200
:
45v
Dec
9 7a Dec
46% Oct
34% Mar
3,500;
42%
preferred series C—
Continental
Jan
.7.
90
24%?
4%
'A
7
25%
68
5
24%
Corp common.
Aeronautical
Sep
500
150
Oct
series B preferred..
4%%>
Consolidated
-
10%
700
25%
Traction Lgt & Pwr
15%
55%
14% July
10% Aug
"
May
4
Nov
41
Biscuit
Consolidated
Nov/7
135
,,
Jan
Jan
Jan
56%;,;v.'':-. 350
25'%
150
common
Mar
1%
11,800
V Brewster
.r
Nov
Mar
3,000
29
52%
preferred
preferred.
Brazilian
125
56
26"%
Inc
Bowman-Biltmore
1%
Dec
25%
36% Mar
1,500
• •
32
5%
common
Scrymser Co
Bourjois
10
30
>
A
550
.
;14%
30
Co common
(H Ci
Ik'
145
40
8
common.
UtilitiesConsolidated Mining & Smelt
Consolidated Retail Stores.
A;/'
Dec
'
1st preferred.
Borne
;
7- 14'A
optional convertible preferred
Bohack
,
Dec
9
16,200 •
5%
v
28%
common
Conv pfd called—
Blumenthal (8) ft Co_
,
?7" 5
/>£Sl9tt'r'20
common
Ridge Corp
40%
40
5%
_
Blue
i 9%
20%
Apr
Vk 3% Aug /
150
Dec
3% Aug
3,400
1946
& Coke Secur
Consolidated
Feb 7
18%
230
V
35
7%
8,100
7 7,800
6%
preferred
77
5% Jan
'/A
8,200
34 '
Birasboro Steel Fdy ft Mach Co com
Blauner's common
Bliss
■'
Feb
15%
.1,300
!
&
Hedges common
preferred.
Berkey ft Gay Furniture
/
Apr /
■
12%
9% Nov
z
Dec
Consol G E L P Bait common.
.16% Dec
'
22%
21%
Convertible
Blckfords Inc
43 '■
,
18%
200
15
15
-
21%
Corp
Aircraft
Tel of
Benson
Aug
106
''.vil5
17%
200,000
28%
V
common
Jan
7%
3%
v
Ties
Inc
11%
44
38%
;//■ 3
common
150
/!
wan ants—
3%
10% Jan
preferred
Mills
Beaum:
Southern
&
38%
40
50
Nov
100
Public Service.
common
Brummel
Beau
99
Water Service.
Compo Shoe Machinery—
1,100
.
Oct
8%
7%,
.39%
Community
Mfg—
A
39%
99
Oct
8% Mar
Corp
Seelig
.—100
Oct
V'
convertible
Baumann
Bell
15% '
Refractories Inc
Basic
7;
41% :
15%
15%
shares
American
$1.20
" 41%
,
...
70%
Jan
Nov
-77
Andes—
los
r
50
Jan
3%
5%
28%
:
..
Co
Jan
28'%
100
7%
20%
Consolidated
Rubber
35%
200
,
15%
37%
7%
10%
29% Jan A
1,800
850
60%
15'%
Jan
Baldwin Locomotive—
preferred
48
Jan
V
48
22'%
60
Jan
Conn Gas
46%
Jan
47
5%
.
Babcock ft Wilcox Co,
Jan
8%
60
10%
200
19
Dec
Dec
Jun
1%
1,000
-7%
19%
Electric—
Gas &
preference
Commonwealth
NoV
28%
14,fe00
7%
18%
16% Mar
8%
19
6%
7%
—28
Arms
13%
8
7 Va
23
Machine
(B Fi & Sons common
preferred
Ayrshire Collieries Corp
Avery
Baldwin
(new)—
Dec
Jan
39%
18%
Jan
9
200
2,700
18 %
6
wrnts
Iron
7
28
Jan
8%
2.400
.
11%
27%
39%
&
Fuel
12
1,100
Automatic
Colorado
11
15%
Airlines
Colonial
••
11
Co.
ordinary
Plow
15%
27%
High
Low
High
15%
7%
common
17% Jan
2%
2,000
Utensil
Co
Development
Colon
*
100
Corp
Aluminum
Nov:
12%
*
Range for Year 1945
Shares
rr»« es
47%
Inc———.—— 1
Lambert Mfg
Electric Illuminating
&
Cockshutt
7, Aug
11,300
'
Club
;;
Nov -:,V
4
101
Atlas Corp warrants
Atlas* Plywood Corp
Dec
10%
1
Co—
Lights
Neon
for Week
*»t
Low
' A'/ ■' Par
Stamping
Auto
Dec
Clinchfield
Coast RR Co pfd
Fisheries
&
lO'/a
800
reg
Tel & Tel
B.rm
Jan
'7
7%
Industries
Associated Laundries of America
Associated
3%
27%
12
.
Jan
11 Vo
H2y4 1121/4
$7 preferred.*
3%
10,500
6% 7
'
10 %
Ashland
Associated
3,500
6%
;'■ 7 7
High
Sates
Range
Last
Iub rnct
Range for Year 1945
Low
Week's
Friday
Exchang*
Curb
York
New
High
6'A
preferred
Arkansas
Aro
A
EXCHANGE
ENDING JANUARY 4
STOCKS
Week's
Last
Sale Price
8TOCK&—
York
New
WEEK
FOR
CHRONICLE
THE COMMERCIAL & FINANCIAL
94
!!
Monday, January 7, 1946
NEW YORK CURB EXCHANGE
RANGE
STOCKS
Last
Bang*
Sale Price
New York Cork lx«h»Bfi
of Prices
FOR WEEK ENDING
STOCKS
Shares
Week's
F«f
Low
New York Cub
Low
High
-ii
8Va
8
Low
'
*
preferred*.***.
*"Ti
Royalty..
—*.—*——
•
Iron Fireman Mfg voting trust ctfs*
II
Irving Air Chute..!..
_S"',:
Italian Superpower A.
.26,
12%
Jeannette Glass Co.....*—•
17%
2%
1,800
22%
Jan
31
Deo
'31%
31%
50
22%
Jan
32
Dec
5%
,5%
9%
28%
1,000
5% Mar
500
24% Aug
fsr Wssk
Shares-
Low
37
2 Va
100
2%
.
,
2%
28
12 Va
13%
3%
2,000
17%
%
2,900
900
V; 2%
:
Hi9h
17% Jan
6,450
26
»:
Range for Year 1945
High
37
;
30%
29
29%
Power $7
Investors
8%, Dec
Ford Motor of CanadaClass A non-votings
Class B voting..
Sales
Bangs
of Prices
High
5% Jan
600
.8%
Week's
Last
gale Price
interstate
dep rets ord reg.
Friday
■■■■
Exchange
Range for Year 1945
Ford Motor Co Ltd—
Am
JANUARY 4
Sales
for Week
Friday
825
■
42
Jan
Jan
19
Jan
Amer dep rets bearer*
Fort Pitt Brewing Co
Fox (Peter) Brewing...*.
8%
.1.21
Jan
Nov
$3 conv stock
■
preferred
.
1
23%
Dec
31%
Dec
1
—*
17
4,500
20%
23%
2,200
30
30
30 %
250
10% July
17% Jan
32%
450
17%
Jan
37
Deo
55%
Jan
105
Dec
77
Jan
131
Nov
3214
31
If
...
Jan
6%
200
.1
..
4,000
3%
Jan
8%
1,300
1%
Jan
14 %
Aug
18%
Dec
■,
2,100
6%
Apr
14%
Dec
v
13
13
"
14
•
Shareholdings Corp com
1
„$6 convertible preferred
•
Gas ft Electric oommon—1
Geoigia Power $6 preferred—
•
—
Dec
Dec
Oct
Klrkland Lake G M Co Ltd—
Dec
Feb
10%
Dec
26'/a
100
26 Va
106
106
110
HQ
8%
54
300
5%
5%
101
20
8%
r
..
18%
10
5%
106% 106%
20
112%
112% 112%
1
1,000
106%
Jan
1%
50
125
Jan
2%
10%
Jan
92
Jan
13'A
Jan
111%
6%
Jan
Dec
21%
Nov
•:
Dec
H
109% May
common,.^
27
29%
.27
.:
110
35
Dec
53%
15
52% May
12% Jan
..
30
30
30
100
22%
??
Harvester
Alden
Corp
2JO
Gobel (Adolf) Inc common
Godchaux Sugars class A__
Class
B_
p 18
5,500
;
39
7%
40
3%
48%
13%
common
10
conv
25%
pfd—28
Grand Rapids Varnish
7%
Jan
Jan
Des
1
Gray Mfg Co..
■
Grayson Shops (Cal).
Great Atlantic ft Pacific Tea—
Non-voting Common stock
7%
1st preferred..,
.100
Great Northern Paper.
JB
Greenfield Tap & Die
•
Grocery Stores Products common..2Be
Gulf State Utilities $4.40
pfd,
Gypsum Lime At Alabastine—
58%
58%
47
34%
Jan
2%
12
12%
100
12%
48'/2
;
*
18%
19%
:
23
-
8
23%
700
>
8Va
—1
■'
;
;•
64
Dec
37
:
Apr
8% Aug
Dec
14
10%
'
24%
x24
86
Jan
:
12%
100
Ltd.*
Jun
450
35 y2 Mar
Dec
%
140
19%
13%
14,
1,200
*.„■
200
30
;
i
i
14%
Lamp no '
Hamilton Bridge
July
8
100
common
Oct
24 y2
Feb
Co
28e
5%%,preferred
w
w
Horn
2.80
10
Baking Co...
Horn & Hardart common
5%
preferred
Stores
5%%
100
11%
700
Dec
K
'§
Nov
16%
17
43
43%
17
17
:
17
108
f:;
73
73
14
700
2,800
400
21%
-
300
.;:,r 50
—•
Corp..
.1
preferred
775
14%
41
115
37
41%
325
115
39%
50
Nov 1
Dec
25
Dec V1
Jan
19%
Dec
8%
11
Jan
103 Va
Jan
5%
Jan
19%
-■
Jan
14
Jan
Jan
37
Mar
May
30%
Jan
Mar
13,950
25
Oct
Oct
49
49
50
3,900
12%
13%
1.400
28
30
80O
10%
46%
130
42
8%
8%
45
5%
22%
22%
16%
100
8%
700
39%
Dec
78% Dec
32%
45
27% Dec
14% Nov
26% Oct
31%
16%
common
1st preferred ?—**
Hydro Electric Securities*,
flygrade Food Products.**
: Class
1%
23
v
Jan
40% Aug
7y8 May
Jan
Sep
7
Jun
37/a
21
Dec
41% Dec
130
May
41% Dec
113
Jan
40
Nov
106% Dec
34
Dec
50
Feb
14% Dec
33 V2 Nov
48
Nov
Oct
20
Jan
9%
Dec
45
100
28
Mar
48%
Dec
6
200
3% May
14% Mar
6 y2
Dec
23%
600
25% Dec
33%
imperial Chemical Industries—
Am dep rets regis—
-11
Imperial Oil (Can) coupon*.**,
Registered
Imperial Tobacco of Canada
8
Imperial Tobacco of Great Britain ft
Ireland
34
3,000
14%
Jan
34% Dec
70%
72
3,300
53
Jan
73
Dec
18%
19%
6,500
15
Mar
20
May
25
26%
25%
14
13%
Indiana Service 6%
7%
preferred—
preferred
.100
**.100
Insurance Co of North America
w
10
i—
Registered
International
12 Va
Jan
11
Jan
116
114
30%
550
24%
Sep
112% Sep
94%
Dec
15
Jun
.15
Jun
12% July
30% Dec
116
120
96
210
52
Jan
100
Oct
94%
20
57
Jan
100
Oct
85%
Feb
113
Nov
94
:
98
rl3% rl3%
1,200
26
26%
350
11%
300
19% Mar
Dec
61
62%
3,300
19
Jan
20% Feb
23
100
116
14
-
Jun
Nov
26% Nov
Sep
Oct
22
8% July
2lA Jan
13
20%
19,500
18%
19%
20%
1,600
1?%
.10%
11%
1,700
5%
2,100
39%
5
38 %
20%
40
250
23
Jan
51%
Jan
NoV
28% Nov
Jan
10%
19%
68
9%
20%
5%
Dec!
23% Dec i
32% Dec i
16% May
14% Mar
v
i
Dec
Nov <
32
14% Nov;
8% Aug
Jan
13%
200
9
Jan
22%
8% I; 8%
5,100
15% Jan
2,300
3% Jan
2,300
6%
;11%
21
Jan j
100
15 % Nov
;
j
23
May
9%
'
Dec
Jan
14%
Dec
13% Mar
700
:
34 V*
Deo i ;
34
NOV
175
300
Dec
22 V2
300
4
Mar
11%
20
48
Mar
80
31
Oct
6% Mar
21%
;
f-
Dec V
Dec
,12%
13%
9%
73
:
41
330
3%
Class
23
11,500
42 Va
100
21%
300
23
;
3%
42%
.
24
700
14
16%
M4%
•
17
s
Nov i
Dec
25
Deo f
;
26% Dec i
Apr ;
Jan,
24
Nov
4
30 V»
Feb
18%
Mar
Dec;
25%
2% Jan
2,300
:
.*
V
Dec
46%
13% Feb
27%
,
Oct
40
1% Sep
Feb
28%
28
—,*
A
Oct i
.——*—*
>**!: ;;
16
15%
preferred A ctfs of dep—
—
,
<4,
.
v
'
l5%
3,800
117,700
common
il Sep
3
% Dec
150
85
July
80% Aug
111
Dec
16%
:
2%
106% 107%
?:
94%
.
96
94
30% Oct >
Jan
10% Jan
!?;/$
'
2%
1,600
16% Deer
f
Dec!
99
"
11%
11%
12%
38
38
7
17,400
-.J+mm
;l
-
12%
Aug
114%
109% Oct
"
38
——
Jan
32
50
41%
Dec>
Jun V
Oct I
;
M
t
-y,
k
f
"
Manatl Sugar
26
7%
optional warrants.
41
Mangel Stores common**—***
Manischewltz (The B) Co,...**
Mfg Co-
Consolidated
Mapes
Co Ltd———-
Communication
V.mm
rJ ^
■M
»
•
Massey Harris common.
Corp
pfd
common..
$2.50 preferred
McWilliam8 Dredging
Mead
Johnson
&
Memphis Natural Gas common—'
6
Mercantile Stores
1
•
13%
13%
17
ii%
1,600
44%
43%
44% !
New
94
16%
?
—i
Chapman
&
Warrants
6%%
A
5
3,500
29 > Dec
30
Dec
,9%
8,700
4% Jan
13
91
Jan
282
DeCf
Dec,
m'25
,
y
800
V
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co
25%
Dec
3,000
13 Va
Jan
400
3%
Apr
;
Jan
110% Dec.;
7 % Nov >
6%
1
10
7%
8%
10%
1%
$6,700
8%
16 »a
100
150
''
22%
'
16%
3%
,
Jan
:
Dec
Dec;
Dec
9% Nov
>
19% Nov:
8% Mar
350
DecV
12%
Jan
3
1.100
9%
60
3% Jan
2,100
\
Jan
45
"i'a
"
27% Dec,
2,100
8%
>
109% 109,%
25o
15
1
2.50
•
Textile Corp
Participating preferred
Metal
Deo
300
Jan
26%
203/a
19%
8%
,
,
——1
Messabi Iron Co—
18% Dec?
12% Jan
16%"
b%
8%
—
22 Va Nov;
Oct46
30%
144
100
preferred
Jan
16 y8
9%
25
Dec;
94
Mar
7
13% July
4% Dec;
29%
c
•
Scott
Feb i
14% Dec V
36% Mar
.200
:
30
:—*
common
Jan
7% Mar
•
Merritt
Dec?
Oct
6%
8'A Jan
1,700
13'a
6%
Dec
5Va
4%
5%
11,800
1 Ve
Jan
10
Micromatic Hone Corp
1
Middle States Petroleum class A v t c.l
Class B v t c
1
13va
12%
13%
700
8%
Jan
15
NOV-
22
22
22%
900
12%
Jan
26
NoV,
18
?4 18%
200
15 Va Aug
23
May;
3%
3%
common—
5
$2 conv preferred—*
20%
20%
21%
16
16
17
37% 'j
6%
38%
11
33
"
Preferred
West
Middle
Midland
Oil
Corp
Corp
:"4»:
;
9,800
125
$2 non-cum dividend
Mid-West
•
50
10
Midwest
Oil
Piping
Co
•
Supply
1
1
Refineries—
Wohl
Miller
&
Co
common
preferred—a.
50
Mining Corp of Canada
V
Minnesota Mining & Mfg
;
-*
Minnesota P & L. 5%
pfd
100
Missouri Public Service common*—-•
5%
conv
Molybdenum Corp
Monogram Pictures
5% %
Monroe Loan
1
1
10
common.
preferred—
conv
11%
Dec,
10% Aug
18 Va
Dec:
.33
5%
5%
Copp?r common
...
common
•
10c
5c
—10
•
100
*
2%
—*
Muskegon Piston Ring
Muskogee Co common
Jan
350
27
3'A
5.000
8Va Dec
13
Jan
3,200
14
V 46
> DecV
7
•
27%
Aug
50
Dec;
37 > Dec,
,
Jan
75%
Aug
Dec
'
73
1%
81
>
Dec
8% Dec>
900
31%
15
.8%
18
47%
31%
15%
8%
16
.
100
47
9%
9
:
9Va Dec?
Dec;
,
21
75
Oct;
197%
22
DeC;
Apr;
48
,38% Jari
8
2,700
,
8,200
13,400
,
'
Nov
Dec;
10% Nov;
5% Dec?
.
1% Jan
6%
24%
Oct:
13
10% Feb
179
Feb
18% Mar
30
,
5.
Jan
950
10%
,4%
2%
33% Nov;
17% NOV.;
1
..
4
Feb
9% Aug
:
197%
,
3
2,400
11%
10
9lA
Nov,
Apr
1,100
2,200
20 Va :: 22%
47
4%
107
Jan
9%
13,900
'
19%
X4%
197
10
Sep
13
2,700
9
!
18
47
Dec,
43
'
8Va
;
..
49
•""6,000
48
46%,
Jan
Dec
104
8%
•
.*
Montgomery Ward A
Montreal Light Heat & Power
Murray Ohio Mfg Co—
8%
6
11%
Power
1,500
-
'
8%
U%
States
42% Nov;
Feb
300
7%
24%' 27
25 Va
75%
.'•4%
A.
Producers
::"36V:> Novf
Jan
2%
33%
—-1
Mountain
Mar
28%
11%
Utilities hew com—5
Moody, Investors partic pfd
Morris' Plan Corp of America—
Mountain City
-
; 4%
Society
Montana Dakota
7
Feb
5
!
22%
26
37%
>
:
Jan
11
3,500-
•
shares
Abrasive
v
2% Aug
3,800
Midland Steel Products—
Mhhale Co common
10%
Jan
Dec
30% Dec5
146% Dec'
Feb
30'A
150
144% 145%
,40
129
28%
28%
100
18
19
19
200
13 Va
Jan
20% Dec1
15%
16%
600
10
Jan
17%
23%
23%
19 %
Jan
5%
6%
28 »A
28%
15 %>
May
29
Jan
'
Nov
Feb
N
21% Mar
Jan
1.000
4■ s
17%
—.—1
common*
40
800
Dec
Mar
6% Dec,
.40% Deo
53% Mar
"i;-
Jan
Mar:
18
33
12 Va? 12%
"~3%
■
100 ,
•
*K
•
"
Co
common
41%
Jan
Mar
5% Aug
1
McCord
14'A
'
Mass Utilities
McColl-Frontena c Oil Co 6%
'
1,000
17
•MB'■■ '
;
8% Nov
2% Mar
3,600
£1
Marlon Steam Shovel.
Association v t o.
7%
8%
39%, 41
■
:
V.'A'
Marconi Internat Marina
Mountain States Tel ft Tel
62%
Jan
2,100
21%
Mountain
International Safety Razor B——*—•
International Utilities Corp com.—10
$3.50 preferred
M
8
93%
.
•
page 97.
32% Oct
94%
93%
10
Products
see
400
900
———•
shares
For footnotes
3,500
6% July
11% Jan
14
23
coupon shs
13% Mar
12%
28%
26%
80
International Metal Industries A——•
International Minerals and Chemicals-
Petroleum
700
13%
w
International Cigar Machine
International Hydro ElectricPreferred $3.50 series
International
14%
■;>
^
12%
**£1
Indianapolis P ft L 5%% preferred.100
Rights
33
71%
18%
2%
15%
Dec i
10%
Jan
99
X37%
•V 3%
6% preferred B ctfs of dep—
Louisiana Land ft Exploration*.
Mid-West
Dividend arrear ctfs*.,
ZBinols Zinc Co**..**.
Apr
18
20
11%
Inc.
B
Midwest
Illinois Power Co common
5% conv preferred *..
41
Oil Development—
Groceterias
Loblaw
.
New
Jan
46
$2.25 preferred.
Com stk purcb
warrants.
Dec
Jan
110
300
110 V
9%
14%
28%
•
is ■■■;-. Dec
Dec
33
13
Humble Oil &
Refining
Hummel-Ross Fibre Corp—
Hussmann Ligonier Co..
Jan
Jan
10
100
1
8% Nov
12% Dec ?
Jun
104
38%
.
29 Va
124
40%
115
Nov
17
Nov 1
16 7 Dec >
1,300.
75
20%
>8
.
45
24%
41
67% Nov
14%
13%
•
7
■ 9%
:
Dec 1
Dec. r
20% Mar
23
21%
42%
100
70
27%
41%
Jan
Jan
6'A
100
.
25
17%
10% Dec 5
.
175
..
38%
41
200
9 Va
3% Jan
;
100
Louisiana Power ft Light $6 pfd.
23
2,400
1,800
41
.100
7
700
18%
Jan
■!5.' 37/a May
;
23%
•
(Harvey) Inc
Huyler's
6%
11%
16%
16%
Dec:
4,300
100
73 •'?
Long Island Lighting Co—
Common ctfs of dep.
Nov
13
Apr
Aug
1%
3,400
22%
16%
.*»1
common
ft Co common
& Hardart
Hubbell
:
*
(Geo A)
'
r
107
,
Inc
Howard
6%
6%
11%
—
common
Hollinger Consolidated G M———•
Holophane Co cAmmon
-*
Hormel
6%
J2
(R) ft Co class A
Horder's
1%
•
,
common.,
Henry Holt & Co
Heyden Chemical
Hoe
•
9%
Lone Star Gas Corp common *———10
>114% Mar
Jan
6
53%
17
Helena Rubinstein*.
Class A
9%
1,350
27
*
...
Hearn Bepc Stores common
Hecla Mining Co
Heller
700
9%
—
Rayon voting trust ctfs
1
Harvard Brewing Co
1
Hat Corp of America B non-vot
com—1
Hazeltine Corp
—*
New
15
.10
Hartford
25
-
8%
;9':Vv:;
Dec
20 -> 20%
■
20
preferred
Lynch Corp
14%
14%
Co Ltd.
Harnmermill. Paper.
Hartford Electric Light
22
2,500
?-;V 20,000
22
Locke Steel Chain.....————*——8
H
Nail
Decj
25% Jan
5
Lit Brothers common....—..
'
.;
Dec
.15%
Jan
109
14%
1
Dec
77
2
30%
13 Va
' •100
;< 13%
,
8%
Lionel Corp
Llpton (Thos J> Inc 6% preferred
Feb
47%
10% Mar
7%
100
*
.
86
Jan
30
12%
V
22 y.
Monotype Machine
Le Tourneau (R G)
.
Dec
•
117
127
18%
113% Nov
Jan
43%
8%
19%
Leonard
?
Aug
.10
'
f
52%
•r-
Line Material Co.
Jan
138
19
26
Apr
10
•'
•
—
18„,
•
200
-•••
30
V
19%
Prior
Dec ;;
NOV
137
42%
•
Dec \
Oct I
16 V2
113% Nov
9
1%
.
11%
14 %
250
42%"
•
Oct
835%
'
52
115
42%
Dec
Dec
.
90
-
-
v''.'
-!.
23%
8 Va
1%
:
befcourt Realty common——**—*——1
Convertible preferred—.——*.*
Jan
113
138
Oct
'
7%
-
11
Lanston
Jan
>
39'A
3,600
21%
H5%
Nov;
25
25
'
■
11%
Dec
22% May
7 Va Mar
600
19 %
21%
Dec
Jan
Langendorf United Bakeries class A*,*
Dec
Feb
7%
7,200
•
July
July
%
200
59
31'A
121
20%
13
700
86%
•: 76
Lane Wells Co common.
;.
71'A May
106
47
34
116% Feb
750
'•
22%
76
Lakey Foundry ft Machine.
Lamson Corp of Delaware-
Dec
Jan
84,200
>
'■
••
Co—**—*—*——*1
Brewing
Lake Shore Mines
Dec
Jun
—.*
Graham-Paige Motors $5
24%
39%
13
35
100
600
.
.
Dec:..,
Nov
13
200
—§0
•
!
Nov (
•
32
17% July
17% Jan
3,400
"2% ~2%
2%
Mfg Co—
Mfg
1,200
6%
-
86
;76 : <
1
'
convertible 1st preferred——100
4%
Erueger
"
21 y4
May
103
preferred
Gorham
22%
23
39
Gorham Inc class A
$3
21%
22
6%
$4.50 prior preferred
Goldfield Consolidated Mines..
Goodman
22%
22%
Coal
20
22%
■
Gleaner
Glen
29% Nov
111
Dec
250
Co.
Gladding McBean ft Co—
!
21% Feb
Kresge Dept stores-?-
Jan
Jan
114% Dec
25
Mar
8V4 May
Knott Corp common.,
Eobacker Stores new common.
NOV
117
108% Mar
'
(D Emil) Co commoz
Kleinert (I B) Rubber Co—.
NOV
109
107%
60
,24%
6%
0%
Oct
9
Jan
80
.
27
20
23%
.
24
Klein
8'A
100
preferred......
Preferred
9%
29 y2
107%
150
q%
104,
20% Nov
108% Nov i
.
Jan
9%
■V 25
121% 121%
,
'■
.
.
Jan
9%
26%
•■
preferred D———100
King Seeley Corp
—...1
Kingston Products—.^.———1
Kiiby Petroleum—
.......I
9%
If
General
Gilchrist
15% Dec
11% Nov
Oct
14%
—
Rayon Co A stock
Gilbert (AO)
92 >A
121%
—•
Ken-Rad Tube ft Lamp A——
•
Key Co common—..—*—*—*
Kidde (Walter) ft Co
——.*—5
Kimberly-Clark Corp-—
;
>
4% %
preferred....
?—*—-—100
Kings Co Lighting 7 % pfd B——100
14% Nov
Jan
112%
27
preferred—.100
Inc
Kennedy's
.13%
.
Gen Water
$5
Nov
13
111
4% Jan
,
K
8%
General Flreproofing common
•
General Outdoor Adv 6%
pfd
100
General Public Service $6 preferred*.*
_
14
7% Aug
9% Jan
87%
13%
Amer dep rets ord reg.
General Finance Corp common.
5% preferred series A
Warrants
^
2,600
-lM
Gellman Mfg Co common...
General Alloys Co.
Gen Electric Co Ltd—
General
11
14
preferred.
10%
108
110
112 V.
11Q%
——*——*;—•——*
Co
Kawneer
10%
17
108
Jersey Central Pwr ft Lt 5%% pfd__100
6% preferred————————-100
1% preferred
............
100
Julian ft Kokenge Co....
Kansas Gas ft Elee 1%
Garrett Corp common.
Gatineau Power Co commot
Vv
V-.V
9% Dec
20
14%
3%
Dec ;
.'4% Mar ;j'
7% May
34
28
21
Froedtert Grain & Malt common
Fuller (Geo A) Co
convertible
3% Jan
200
28%
15
Franklin Co Distilling...
Franklin Stores
4%
8%
Dec
14%
Ford Motor of France—
,
Dec I
29
8% Oct
.1
Jun
2%
Nachman Corp
National Bellas Hess
National Breweries
1%
preferred
:
——*
common
—1
common—*——•
23
23%
6
200
15,000:
2% Jan;
27
7%
Dec
Nov
33% May
43
Dec
39% Mar
39% Mar
t
NEW YORK CURB EXCHANGE
RANGE
Week's
Exchanf*
v
CkfWmmon
National Candy
National
Shares
19 y»
32 V2
32%
15 y4
City Lines common
Low
Range for Year 1945
Low
High
High
Nov
Jan
15%
Dec
Feb
8%
National Mfg & Stores common
National Refining Co—
Share*
25V4*Dec
Jan
11
National Fuel Gas.
35
for Week
Par
High
Aug
Sales
Range
of Prices
Friday
Excbanfi
Range for Year 1945
Low
Week'a
Lwt
Sale Price
Curb
York
New
High
Low
>
STOCKS
(or Week
of Prices
JANUARY 4
Sales
Range
Sale Price
Curb
Cart
Friday
STOCKS
New York
FOR WEEK ENDING
23
Dec
%
v
6%
Quebec
Co—^
Power
Dec
107
Jan
170
Dec
15
Dec
8%
Dec
Jan
23%
Dec
1%
16
Jan
Jan
16
13
15%
$
156
Dec
76%
30
167% 168
.100
preferred
Jan
30
25
102% 103
Quaker Oats common.
„
,-f Name changed to
Whitman
(Wm)
Co
&
National Rubber Machinery.
Steel Car Ltd
11
Jan.;
National
16 Va
Jan
National Transit
'
11%
National Tunnel & Mines common
National
5
Radio
Union
Nebraska Power 7 %
9
(Herman) Corp
Neptune Meter class A
f
New
New
-
England
Haven
Tel
&
Clock
Jan
15% Nov
13
94»/2
Jan T
New Process Co
31
Dec
75%
Oct
63
Mar
-
2% Mar
48
x5<
Dec
Y
City Omnibus warrants
12
N
Y
&
30%
Apr
N
Y
16 ya
Jan
N Y
Rosar»o..
Merchandise
Niagara Hudson Power
5%: 1st preferred
5%
B
'
2.260
m
116 % 119
30,500
8%
1%
89%
19 Va
3,000
3%
31J
13,500
V
Mines.....*..
Noma
Electric
30%
North Amer Light
$6
& Power common,
7%
preferred.
8%
1%
9,500
:> 300
121
50
«
7%
Utility Securities.
Northern Central Texas OilNortheast Airlines
20 %
33% Dec
pfd.
HO
Northern Natural Gas
46%
Northern States Power class A.
45%
45%. yy ' 45
..13%
Northrop Aircraft Inc.
Nova del-Agene Corp.
12%
35%>:
,
"35%
110
48
>!,:
,13%
3,700
4.000
Samson
Savoy
Schiff
51%
Jan
>
9% Dec
> V
25% Nov
36y*.
;
9% Nov
Jan
105
Jun
110%
Dec
47%
Dec
,/
34% May
14% Mar"
"
Jan
40
.
,,
4
Ohio
Brass Co
common
+
Ohio
Power 4%%
preferred
1% 1st pfd
1st preferred—
.100
Ohio
Public Service
.ICO
6%
class
B
Oklahoma Natural Gas
.100
3%
■
3%
34%
34%
24,700
325
34%
116% 117
60
4%
42
42
22%
yy;
Jan
>
29%
.1
Overseas
.1
Securities.
v
12%
19
<
300'. y
Nov
Sep
1
44%
Aug
10 y8
Jan
100
18%
Dec
Feb
20%
Dec
18% Jan
17% Nov
43%
11
Mar
23
6% Aug
Sep
3% Mar
12
Dec
9
Jan
7%
Dec
18 %
Nov
Dec
•15
Dec
12
Dec
24% Nov
v
2%
Co
Co common
< Pacific Gas Si Elec
6% 1st pfd.
r';
5%% 1st preferred.
12%
43
39
Pacific Lighting $5 preferred
Pacific Power & Light 1%
Pacific Public Service
r
\
$1.30 1st preferred
Page-Hersey Tubes ynew
t,
Pan
American
Pen
:
Peon
Penn
!tenn
'
12%
12%
13%
12%
38
Jan
44
Dec
36
Sep
common
Traffic Co—
3 Penn Water & Power Co
common
25
12%
13*%
9.300
>
Pniliips
Packing Co
Governor common
Pinchin Johnson Ltd Air. Shs.
Pioneer Gold Mines Ltd,
Piper Aircraft Corp com
Pierce
Pitney-Bowes Inc
Pitts
Bess & L
E
RR
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
Pneumatic Scale common
Polaris Mining Co
Powdrell
&
Alexander
Power Corp of Canada
6%
1st
8%
preferred
27
common
Oct
15%
>
Dec
y
80
150
33%
200
18%,
Jan
80
44 y2
>
Jan
27%
Jan
40
78% Dec
Mar
48%
84
Mar
Dec
115%
19
3
Jan
Jan
9J/2
82%
Dec
57
J—2 30
46% Sep
34% Jan
y: 10
1 %
11%
Jan
11
Jan
30
Jan
r
7%
Jan
18%
.
Dec
16 %
Nov
<16% Dec
37% Jan
"
25%
Apr
18
Aug
Jan
v
4
20
>
3% Apr
x8% Jan
43
Jan
14% Mar
117
,,
4
Jan
Jan
7%
Nov
Nov
8% Dec
15% Oct
Feb
64 y4
46
v
v
"
Nov
33
,i
Nov
78% Nov
30
160%
Oct
Dec
7% Nov
■
3%
15%
3%
Jan'
Jan
8%
Jan
25 <
Dec
6%
Jan
14%
96% Nov
& Lambert
Premier
Gold
Prentice-Hall
Pressed
Co
Mining
Inc
Metals
of
common
America
Producers
-32
27
Nov
23%
Dec
48
Nov
8
Dec
370
Juu
Jan
3
Apr
,
<
267% Mar
25% Dec
22%
Jan <
12%
:i
11%
Dec
Jan
59
Dec
38
Sep
41%
Jan
49
30 V4
Jan
32 %
Nov
29% Mar
31 y4
Nov
Jan <
<
15
13
Sep
19
Dec
Dec
8
11% Aug '•••
Nov
x51%
Apr
83
5
Jan
12% Oct
10
4V4 May
17
1,400
>
Nov
Nov-
46V*
Nov':
6%
Jan
Dec
Sep •-
"
3% Jan
500
1,200
14,400
Standard Oil (Ky)^
Standard Power & Light
Common class B
840
26 Va
18% Jan
•
105
11%
Jan
4,800
2%
Jan
3%
23 %
Jan
%
Jan
1,200
trust ctfs
,
2
Nov
Dec
Nov
7% Dec
9V2 Oct
Jan
71
Dec
29
29
100
16 y2 Mar
29
Dec
26%
26%
100
10%
29
Dec
61
Steel Co of Canada..
29
Dec
170
Jan
500
Nov
3%
■j^r J an
24,000
Dec
4
Jan
('•
1,400
Preferred
27
Jan
21
50
preferred
Apr
53
Jan
Dec
19
Apr
11 y2
55
Mar
15
Dec
21% Nov
*
10
Dec
Corp of Nevada
Prosperity Co class B
47/s May
6y8
Oct
9%
Nov
Providence
3%
Feb
14%
Nov
Jan
24
Dec
Public
6%
7%
Gas
Service of Colorado—
1st preferred
1st preferred
Puget Sound Power & Light—
Common
$5 prior preferred
Puget Sound Pulp & Timber,
Pyle-NaMonal Co common
Pyrene
Manufacturing.
>
46y4
Mar
27%
100
f
3% Dec
Jan
3,800
Standard Dredging Corp common
& Co common.
Nov
152
Aug
9% Jan
;
Sterchi Bros Stores common.
Odt
134% Jan
:.
(A G) & Bros pfd
1st preferred.
Dec
Dec
15
Jan
May
4
42%
27
Standard Brewing Co
Standard Cap & Seal common
Convertible preferred
—
(A)
Dec
6' > NOV
2% Jan
Spencer Shoe Corp
Stahl-Meyer Inc
$1.60 convertible
113
,;-,7% Jan .j'
7%
Dec
Apr
7%
4% Jan
110 •; Feb
19% July
Line
Southland Royalty Co
Stein
Pratt
Apr
Dec
Nov
116% July
U 25% Oct
12% Mar
Pipe
Starrett (The) Corp voting
12%
Nov
143
..
Jan
20%
Paper Mills
Dec
96 y4
20% Nov
Apr
20%
Dec
9% Nov
Dec
>
Products Co.,
Standard Silver Lead
Standard Tube class B
24% " Dec
18%
Jan
110
Dec
Dec
11% Dec
Jan
102%
Standard
16%
10%
4%
Jan
10% Jan •>;
Penn
Spalding
I
Nov
Nov
29% NOV
common—
(Howard)
Southern
•
100
<
6% Aug
;
Oct
Nov
103
Apr
U
Dec
4% Dec
29
5% Mar
preferred B
—
5%% preferred series C
Southern New England Telephone
Southern Phosphate Co
Dec
1
NOV
<Dec
27
.
Jan
Jan
V
7%
19
82% Mar
6%
,
Nov
8% May
28
Jan
14%
.
-Dec
Jan
83%
Oil—...
Southwest Pa Pipe Line..
Bouthern California Edison
5% original preferred
South
53% Sep
50
,
<
12
'
Dec
*
Dec
9% Jan
Corp..——
Boss Manufacturing common
South Coast Corp common,
52% Nov ,;
;f
Jan
115 %
Dec
21
Jan
Sonotone
Nov !
169
;
Nov
2
10%
y; 8% Nov
Mar
,
47
Dec
AUg
4%" Oct
Aircraft Co
Solar Manufacturing Co
Jan
46
116
A-
Jan
25
Inc
Dec
Dec
136
88% Jan
10%
common
Solar
Dec
31%
78
Smith
Dec
NOV..'
1%
—100
y
27%
28% Dec
5% Jan
Jan
110 < Nov
*
Co
8%
Jan
34% Mar
Oct
49
.
Singer
Nov .:
65
•
Dec
Dec
Jan
3%
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec 1% pfd
.;
15% July
20
Jan
11%
4%
Sep
70%
Simmons-Boardman Publications
yy $3 convertible preferredSimplicity Pattern common
Dec
29
•
Jan
61%
common
Pbila Electric Power
5%
v
Jan
Sep
10%
2%
Schulte (D A) common
Convertible preferred
Scovill Manufacturing.
Scranton Elec $6 pfd.
Scranton Spring Brook Water Service—
$6 preferred
——
Silex
11% Dec
5J/4July
19,600
|
Pharis Tire & Rubber.
Philadelphia Co
Dec
Jan
26%
pfd
Dec
Nov
115%
% July
61%
Gas & Elec class A com
Power & Light 4Vz%
39
109%
Jan
104
8% Jan
A
Pepperell Mfg Co new
Perfect Circle Co.
Nov
■
i
'
14%
x22 %
Pennroad Corp common
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
n
H
Dec
■,
78%
preferred
40
common..
Co
Peninsular Telephone
•
>112%
7
•
Parkersburg Rig & Reel
<Patchogue Plymouth Mills
$1.40
39
•
700
liOOO
; 300
Dec
5% Mar
;
common
Nov
12
22
Steel Co
Nov
37
5% Aug
Shattuck
107%
;
y:]?
38%
43%
105% 106
of Venezuela Am shs
Paramount Motors Corp
Parker
13%
pfd
Airways warrants
f: Pantepec Oil
""
12%
43
Jan
5% Mar -;'., >
;
Can
Dec
10%
'
Jan
16%
Denn Mining
Shawlnigfin Water & Power.
Sherwin-Williams common
4% preferred—;
—
Sherwin-Williams of Canada
Sick's Breweries Ltd
r^-'r 'V'
Pacific
Dec
19% Mar
5
Segal ?Lock & Hardware
Seiberling Rubber common
Selby Shoe Co————
Selected Industries Inc common
Convertible stock
$5.50 prior stock
Allotment certificates.
Semler (R B) Inc
Sentinel Radio Corp common
Sentry Safety Control
Serrick Corp class B
Seton Leather common.
Jan
117
Jan
6%
12%
12%
37
119%
Jan
6
Dec
'■Hi/4
,
7% Nov
117%
110 y2 July
300
-
Oliver United Filters B
Omar Inc.
>
Apr
>112% Aug
Si 115% Oct
110% 110%
110%
.15
common
4
7%
Securities Corp General
O
Ogden Corp common.
United Corp
Seeman Bros
Nov
'<V.'/v. •>,<& ,.u
M,
Dec
Jan
2%
Oil Co
Scullin
<50
Dec
..•>"15% Nov
■<V-- 6% Aug
26%
Dec
Mar
56
Apr
v
Dec
27
preferred
Dec
Jan
1,300
25 %
12% "Jan
Petroleum Co
Dec
Feb
106 y4
500
Jun
16% Aug
6% Mar
Nov
1 y4
50
46%
Dec
191/4
Metal Works
50
x
Sep
99%
Northern Indiana Pub Serv 5%
22
Jun
Field Inc
148
9%
,
;
;
Jan
19%
St Regis Paper common
Salt Dome Oil Co
-
Jan
Mar
4,600
North Penn RR Co.
i v
,!
11% Mar
500
21%
12
St Lawrence Corp Ltd
Class A $2 conv pre!
Dec
36%
100
NOV
May
Dec ,1':
4
5%
;
2%
Nov
; >18
Jan
35% Jan
>575:
50
.
Dec
Jan
109
r.jRyan Aeronautical Co
Ryan Consolidated Petroleum
Ryerson & Haynea common
Dec
10 %
20% Dec
19% Mar
5.200
prior preferred.
American
,13110
.
Dec
Jan
105 Va Aug
Russeks Fifth Ave..—
Dec
Dec
5%
t c
pfd D
Rotary Electric Steel Co
Royalite Oil Co Lta—
Dec ?
Dec
48 Va
%
Corp common.
$1.20 convertible
Feb
51%
.
North
;
r
49 y2
50
'
32%
146
145
North American Rayon class A.
i?
Class B common.
6%
Dec
13% Jan
12% Mar
2
Root
2% Nov?
.
.
m
Nineteen Hundred Corp B
Nipissing
119
.
6% Mar
109
•
,114
Jan''.
'
700
U
18%
Niles-Bement-Pond
.
Roosevelt
91% Dec
" 9%
Dec
:
Jan
Jan
82
150
11
com
Jan
500
2
pfd
con v
3%
110
•
Art
Ronson
21% May
Nov
•
5,000
;<
113
112
«
optional warrants
•63 %
Cable
31%
Jan
3%
Ltd—
Am dep rets for ord reg
Rome
31% Dec
14% Aug
106% July
50
91%
82 V2
common
Niagara Share Corp class B
4% %
<
110
110
2d preferred
Class
100
18%
18%
shares.
N Y State Electric & Gas $5.10 pfd.100
N Y Water Service 6% pfd
•ii;
Jan
63% Dec ;
f.
:
Jan
Jan
%
Rolls Royce
•<
Shipbuilding Corp
•f-VV Founders
<<
22
Jan
Aug
14 Va
19
17% Aug
Pendleton Inc
Roeser &
v
Mar >
N
Rochester Gas & Elec 6%
y
59% NOV
30 V Dec
33
Dec"
22
Do
Rio Grande Valley Gas Co v
:
Jun
>>11%
Mar
40
common
Nov
Apr
Radiator.
Richmond
' 9y4 Dec
;
40
52
Dry Goods
Richfield Oil Corp. warrants
-Dec.,;'
Land
Feb
Jan
Reliance Electric &. Engineering
41
; \
4%
42 %
22%
Rice Stix
Nov-
common^4~r
Honduras
Reed Roller Bit
136
Y
Co
Dec
Dec
Feb
N
Auction
't.
30% Nov
■
Jan
29% July
Raymond Concrete Pile common
i3 convertible preferred—
Raytheon Manufacturing common.
Dec
Jan
——10
1
Rath Packing Co. common—
•14% Jan
203/4 Jan
Co
New Jersey Zinc
New Mexico & Arizona
>
23
Jan
110 y4
Tel
New Idea Inc common
•
Voting common
Railway & Utility Investment A
NOV
21 y4
preferred
Radlo-Keith-Orpheum option warrants.
Railway & Light Securities
Aug
25
6
preferred
$2
113
63
England Power Associates.
6%
V;
Nov
j
-;7%
,
Dec
8% Nov
May
8% Jan.;
...
Nestle Le Mur Co class A
4%
May
1061/2
preferred
Nelson
New
20% Dec
19% Jun
15% July
Apr
1% Jun
14
1%
12
Jan
Jan
4%
Dec
34% Dec
THE COMMERCIAL & FINANCIAL
96
FOR
siocks
ENDING
JANUARY
Week's
Sales
Last
Range
of Prices
for Week
Shares
Friday
■'/"
Par
Low '
New
Low //"
;:c;;
High .;'
York
9%
Tampa Electric Co common-
35'/a
Technicolor Inc
9%
-■
27
Texas
Steel
&
Power
snovti
Anew
Tilo
Co
Roofing
Tlshman
Product
23%
15,700
Sep
25%
40
26
Jan
44
16
16
7%
8
2%
2%
4,500
19
.1954
58% ,'871/4
M-S
83%
82%
83%
56
59
'lAChicago Rys 5s ctfs (part paid)_l927
M-S
67'A
67%
68%
i«b6
M-S
105%
105
1950
F-A
104'A
104'A 104%
105% 105%
105%
105% 105%
—
Cities
5s
service
deb
Conv
jan
17%
Nov
18%
Dec
76
Dec
Consol
3y«s
Jan
8%
14%
Nov
3%
5s.
Debenture
Nov
Dec
....—..L
5s
Debenture
Jan
Sep
99
101 Va
;;; 230
Jun
123
.1958
Lt
St
108%
80
107V'a Mar
116
116
10
111
117%
4%
ref
7
3%
£!
3%
7'A
71%
3,200
6%
;rV
6,000
45%: 48%
3%
warrants.
13%
12
13%
15%
Tung-Sol Lamp Works.
80c convertible preferred
15%
Jan
35%
10,900
ser
Apr
4%
,
Jan
Co
Chemicals
mtge
A—,
4s ser B
Elmira
Finland Residential Mtge
18
Feb
13%
Water
L,i
Dec
8%
$3
Kh
to
o&
>.
Milk
Jan
36%
16%
6s
Dec
1V'4
.
14 Va Mar
Amer
1957':
Indiana
United
78%
—29
46%
.1
20%
—————
United Specialties
Foil Co
U
S
U
S
U
common.'
common..
and International
S
U
47%
160
:
23
2,900
850
'
4%
5,300
93%
1,895
4
warrants.
15%: 16
Reclaiming—Li
4%
:9 / Mar
United Wallpaper,
•
Inc.
6%
6%
9'A
Ureversal Consolidated Oil.
//
.10
Insurance
Universal Products
Utah-Iaano
t
'
93
8,200
95'A
'
'
r
:
■
/
Vogt
preferred
Wato
24%
'
Aircraft
124
126
u*
Waitt & Bond
Class B
Ward
7,700
127
.
Mar
—
■, '
*6%
Co
6%
;
/■A":
Nov
-5./.
Baking Co warrants.
Wayne
Knitting Mills.
Wentworth Manufacturing
4%
Power
i;
.....
Stationery
Westmoreland
com
9%
Oct
;'%j
26 y4
*v<niberg Shoe
Whitman
MfoL
(Wm &
y4
.
6 V'a
Mar
3
Jan
3%
/18
Oct
4%
:
Jan
n
t
600
A
200
,
:
%
1
..3
Co.
-1
4%s.
MM.whmLft.
.1967
.2022
River
Williams
(R
.10
.113
10
..
15%
14 y8
Ill
"
35
9
NOV
Winnipeg Elec
Wolverine
Inc.
8%
Dec
:;: :
'
23
114%
Jan
■
16%
Feb
26
:
(F
American
6%
W)
25
Aug
37
Jan
43%
98%
99%
98%
Wright
.
Lte
12
Feb
18%
Power
.i9b*
4s..
39
Dec
May
.
25%
26
St
Jan
11%
Jan
23
Nov
Jan
22V4
/
16%
6.100
6
Jan
16%
9%
200
5
Jan
10%
Dec
11%
200
12
•,'i.
1,400
8% Mar
.22%
8% Aug
11
5%
Lea...
4% :
5
Friday
Interest
Last
Sale Price
s
t
debs—
.1950
9,700
Feb
s
f
debs
.I960
J-J
•'
.1970
M-S
7;
.1961
J'D
-1970
J-J
deos.^—
Paper
Elec
6s.
P.ow
3'As.
3
Pwr
4V'aS
.2024
A-0
Associated
.1953
J-J
Gas
&
Elec
AConv
deb
Elec
deb
4 Vis
> AConv
A
1948
1949
5s
—1968
....
Friday's
AConv
Atlantic
'
-j
Beil
City
5%s...
aeb
.•
■
••
M
^.1977
4
1
61
109
1051/4.107%
:
.//
ii'
78 Va
—
Ban
ASchulte
Year 1945
High
105% /
Real
104%
108
i'
104
107%
*106%
liOb'/a
—
.1959
M-S
////// 106%/
110%
6s
'
:
Conv
109
Debenture
107
110%
Debenture
2
100
102%
4
V
108
111'A
6s
6s
J-D;,
*
103
*123
123%
101% 103
■
115
92%
1291/4
102%
Stinnes
J-J
50 %
.51
49 %
50 'A
67
29
52'A
49%
51
105
29
F-A
51%
51 'A
52
194
29%
51%
50 'A
51%
72
29
54
503,4
30
30'%
52
52 Va
106%
109
'
167
106%
151
185
104%
107%
106%
110%
125
127
'.V
'
W7
v
•
105%
IO8V3 108%
M-S
.1951
J-D
.1951
33—1965
3%s
1970
r
:■,/
—
/;
125
:,/ *99
,90
99% 100'/a .!1-
A-O
M-S
108
A-O
—
•
;
■
107
108
105'% 105'A
F-A
--
*104.
__
108'%
__
108
•
*107%
104
M-N
105%
"105
-
99%
10 J
107%
109%
:.,/
„,
F-A
96
[
■"
1970
—1989
125
125
■
:•
'
J-J
3 As
1
107
108%
—
105
V
'
.
89%
-
'
106
*
8
104:.:
,100
105%
108
108%
106
Electric—
St
.May 1948
A-O
102%
A-O
101%
100% 101%
1951
F-A
101%
1966
J-D
101% 101%
104% 104%
.Dec
6s.
1
to
1957
Light
6s.
Corp inc 5s
96%
110
'24
96%
110
6
96%
110
18
96%
110
2
96%
109'A
96%
110
-.1
'
F-A
—1957
——1950
103%
F-A
debentures..
Power
28
101% 102%
1948
.May
6s—
A-O
103% 103%
5
'103% 103'%
80%
78
80%
12
58
85
30%
58
•
%
•
(Hugo) Corp—
A7-4s 3d
stamped
Stinnes
(Hugot
of
1946
:
42
J-J
12
42
deposit..
Industries—
27
53%
A-O
101%
101%
'
J-D
(Calif)—
—1971
Rys 4s
1951
Elec
'
f
.
123
102%
105%
/
104
104
104.
.1952
5s—-.
ACertificates
M-S
/tZ'kv/:3
A-O
Gas
•
-L"-'
114%
101
107% 107%
167"
M-N
6S„,
stamped—
gold
Standard
109
;
—
.1979
(stamped)
104
105
*106% 107%
110
.'
Gas
109%
"'v/:/''
A: A 11
105% 106%
107%
.
4%s.
Gas &
Standard
:
109
106
'
-
—*101% 102%
J-D
Jersey—
California: Gas
(A G)
106
—■,
/,/"•'• ::S=v.
'
J-J
.1949
Counties
Spalding
,
-
:/./•'
111
111%
111
,
6cullin Steel inc mtge 3s.
Southern Caliiornia Edison
Indiana
—
—
■
*107
-
/
Colorado—
Estate
nttge*3s
76%
63
__
2
F-A
certificates—
Water
80
107
105
.1950
Joaquin Lt & Pwr 6s 3.
101%
''
103%
107
107
//;■
Harbor
103
7
-105
J-J
Queens Borough Gas St Electric—
5%s series A—,
—.—.—1952
y;'i
Low
100%
-
—
F-A
52%
105
Elec 3V*
MS
—
52
A 7-4s
Toledo
2nd
-1946
3%s_
106
45
106
106
110
110
57%
104%
108%
108%
111
3.03-;
107
52i%
51
29,
53%
United
Electric
N
104% 105
6
99
1051%
United
Light
Power
107% 107'%
5
1081/4
1st
105i%
J-J
45
A-O
-1968
stamped
Edison
lien
to
to
cons
J
_1949
J-D
—1959
4s_
A-O
Co—
5 %s
$.105%
—
'
1
5s
of
series
United Light to
Canada—
series
B
1957
C
footnotes
-I960
see
page
97.
J-D
110
110 Va
13
M-N
*19% 119%
1
110
113'%
117'%. 121
Utah Power
Debenture
Railways
(Maine)
to
—
1952
A...J—
F-A
108% 108%
-108%
112%
M-N
114% 114%
114%
116%
Light Co-
6s
series
A_i
.2022
\
109%
.
104%
-
105
■V-\ V
„/
'i
Range for
No.
High
*'
M-S
•
series
For
Sold
101% 101%
110
5%s
Telephone
1st
5s
deb
T & T
58%
105
-
107
J-D
Co-
New
perpetual
Oct
>5% Nov
Bonds
:
Registered
,,
Assoc
^
M-N
.1964
of
Service
Dec
50%
Zl950
deb 5s
Debenture
U}
47%
,107%
M-N/.
-1972
5%s
Power
Coke
<te
Southwestern
Co—
4%s
AConv
v
/
-
v.
81nklng fund deb 4s.
AStarrett
Appalachian Pow deb 3s.
lAssociated
j-j
/
.
104%
101
.*>
*106% 107%
106% 106%
101
,://•//: *100
1100
lOiy/'/v/Vt
■■
-v
mtge 31/3 s.
SoutheiD
*101% 103
.
4%s_
'
05% 106%
1970
•...
.
Gas
5%
v.
Jan
Bid Jk Asked
*105
L1*'
•
Elec
105% 109%
—
,
<ii-'i'i,/ i:
--
F-A
UFv A A::'-
.1948
A'
16%
Jan
Oct
Week's Range
or
J-J
3%s
3%s
Writing
108'A
105
105%
102%
—
F-A,
1979
»...••
6%
-
Oct
12%
:
Electric Co.—
2%s
Appalachian
A-O
,
Dec
9%
Low
f
105 %
101%
—1055
5s
Public
Dec
is y4
Period
s
/ 100%
4
A-O* 107
V
1962
Light 5s—
Public Service Co of
%
29% Dec
13%
13%
400
125
BONDS
Amer
88
11
44
1971
stamped extended.
/Power Corp (Can) 4'As B
1st
St
67
104% 105 : /
*106% 108
*101% 102%
J:
'V
Southern
American Gas
88'A 100
102% 103 Va
r
1964
Safe
Exchang*
100
88
31
;
200%/,;
4s.
no%
63
103% 108%
A-O
1977
1st
Portland
Nov
Jan
17% -17Vb
Curb
//;//>
103%
M-N
(part paid)—1948
Service
{//.Philadelphia
NOV
19
.£1
York
117
,
99%
99%
99 % 100
,
Utility Corp—i
Southern
New
99 %
.1954
3'As
»Nov
14%
.
'
108%
104%
—1961
Pennsylvania.Water & Power 3Y4S-1964
1
■■
receipts.
Hargreaves
'
M-N
:
—1948
3s.
mtge
isi„M.'
25
20%
n%
deposit
,
108%
110-
109%
*103
J-J
J-D*
Penn Central Lt St
.
Dec
200
vi..-
39%
Ltd-
preference
78
105
106
4
,
112'A 112%
**;•:
.
'VJ:•.
Dec
19%
Woodall Industries Inc
Woolworth
/
99 %
Elec & Gas 3%s.
Public
Pacific
/Jun
164
200
23
39'A
.10
Woodiey Petroleum.
104%
64
,
i
M-S
Oklahoma Power St Water 5s.
9% NOV
15%
B
Cement.
11-
Dec
52
19%
common
Portland
107
107
—1947
5'As
Continental
Ohio
Mar
50
: \
-
Ct
Products
107%:
101 %
5
'
.
::
\U-N M-S
,„1950
A5%s series A
40% Dec
Jan
9
1,700
'
Willson
V
103% 103 -i
1
Oil Corp.
Si Co..
"
*
'
J-D
1948
5s
5s.
Westchester
&
1st
Wichita
'
-
***
,_1981
—_.
deb
State
Y
""^'/lst
27%
~
.
112
105%
'
|
14 Ohio Power 1st mtge
•/:
■3.
-
A/;: 103%
England Power 3%s—England Power Assn 5s.
North
Jun
114
N
•V.,
35
'■~r~
20
-10
""
'
108
:/:/-1:
106
10"
-
Nov
Jan
Jan
Mar
135
*
Coal
J'J
1
,
107%
115% 120,
—
.
'
,
!// ;
XOSVi
104
..
lis
—1948
NY
/:
pfd—100
Westmoreland Inc.
tll5
;
61
37
105
108% 108%
1
New Eng Gas & El Assn 5s_
■:,/
Dec
100
,
49 y2
-.113
14
V
to—
Amsterdam Gas
New
Dec
126
oct
;
5
4
2
1104.A108
J-D
1966
.1969
4»/as
A
Debenture
13%
2.100
_•
54
.
98%
71
'
6%
49
49
1st
63
103
,
27
106%; 106%
106%
.2022
6s
& Light 3l/as.
at
series
6s
12% Dec
17%
17
..1.25
Texas Utility $« preferred—
Va Coal & Coke—
Western Maryland Ry 7%
Western Tablet &
98%
54
'
j;
■■ \
^-8,
Park Lexington 1st mtge 3s
West
33
:
-■:<:
.,.f;
Dec
Dec /;
:S;/W
West
,
:///'
•-■'F'ii
■'
Nov
5% Nov*
100%
100Va
Jan
5
p
8
*
.
98
98%
J-J
-196S
6s
Gas Light
Milwaukee
Nebraska
9% Aug
10
37%:/;"
J-J
.
Valley RR—
Extended
Dec
98
•'
Jan
107
•
:
.1952
•t-
Corp 6s stair"-"4
Midland
Sep
6'A
Jan
54
7%
,
4V47101 VA 102%
i-M*
'
£>$, 11% Aug
2,000
-
100
clans A
~.T~~
Kentucky Utilities 4s—
McCord
:
.•
Nov
37%
Jan
3
770
11%
...
preierred
.1957
.ivoi
w
Apr
's4 271
Jan
3
92
'92
12%
Wagner Baking voting trust ctfs ext..*
7%
6s_
Power
Kansas
/,
Dec
fp 1% Jan
1% Jan
1,400
—
11%
31
if—-.:--'
coupon).
5s.
5s
12%
Petroleum
Manufacturing
1941
Power
Kansas Gas & Electric
/
New
Venezuelan
60
s
Electric Power 3%s
Kansas
/
New
1
common—
convertiole
60
63
37
Superpower
Conv
S4
37
31
1952
(July
Altalian
.
>
YslBTir Corp
6
1957
.1957
Jersey Cent Pow &
8% Dec
10%
Mar
65%
375
;
5
5
—
>«
30:62,;
28%
63
f
'
:v
Jan
i*w%Aiv5l%'/Feb
4%
—
»»
.
•
.
5%
93
4%
.
"■
-
_
105%
F———'....—-
Debenture
1
Dec
26
Utah Power & Light $7 preferred.
ies
lOo
Utility Equities common-—
$5.50 priority stock—,
rity
—I
/
Dec
6'A
1955
coup)
102%
102 Va 104
102 Va 104
102% 105
/
■J-u;/.::
■
,
Dec
17%
Jan
4 'A
48
/////
5%
4%. Dec
103
H Jan
>../
8.500
;;
Co...
5%
f.
Dec
Jan
'■■/'
2,700
10%.
*-».•
wuear.
yy
Jan
■:
■
Jan
4%
1%
500
7%
9
.10%
Universal
;
Jan
83
;
M-«
2
4
4
-
104
103% 103'A
.103'A IO314
tlOi
'
-.
Dec
21%
20%;
Apr
1%
r
Nov
21
.
•
13%
:
1,200
5%
50%
:
—
coupon)—..
1941
series
Interstate
'
.
—,
F-A
AAissY
E.
(Aug
A7s
Dec
1941
1
(Dec
series
A.7s
Dec
Nov
-Feb-':
A 7?
;
///'K:
A7s
L5
'
A8% Mar " I
■
.500
United Stores common.
44
.
2,100
19%
17 %
88%
Radiator common.:
Rubber
>•'.
Dec
•
3%s!_4
L
&
P
Jlnternatlonal Power Sec—
AeVzs series C.—™i..—
,
Jun
4%
9
May
73% July
675
16%
—
Securities.
1st preferred with
S
S
80%
18%
—.
B
class
Graphite
$5
U
8%
286
Jan
1% Mar
Machinery common:—-25
Preferred
Jan
275
preferred
Shoe
/
A6I/2S
„
Proiit
10%
United
Dec
104,
__
J-J
1963
& ref 5s_
Indianapolis
Dec
100
M-S
—1950
I-.—1950
5s-
Sexvice
1st lieu
Dec
48
Feb
6'/a
•
Canal
&
3%
West
&
B
series
Co Ltd—
dep rets ord regis.
NJ RR
United
277/8
Jan
86
preferred
4s_.
Pow
Dec
38
Proaue
Mountain
Hygrade Food 6s ser
Dec
Jan
9%
A
3%s
West
Dec
Apr
;
/
:^Vr-
Rayon Co 6s ser A
Dec
30 %
20
Molasses
United
105%
M-Sy/'V
..—19ao
Bank—
Power
Guantanamo
Feb
25%
3/64
common
participating
109'A
103%
16
Dec
71
Jun
Feb
United Light & Railways
United
106
105%
J-J
1961
Trunk
Green
Dec
V 10%
22
common
Corp
105
Grocery Store Prod 6s
*"
Gas
110
M-S
1965
stamped
Grand
Dec
-4
9% Mar
warrants
corp
107
106%
1107% 108%
105 %
J-J
1993 %
Eastern Gas & Fuel 3yaS_——
Dec
Dec
.6% Aug
59
Products
United Elastic
United
106%
104%
mtge 4s ser
1st
Dec
,
4% Mar
7% July
.
Omaha
Yds of
United
United
V
Co
Canada
Aircraft
103%
J Division-
of N
Is t
■H
13%
Mar
2%
v;
Investment
Union Stk
1
12
120% 128
16
Jan
;V:v;5%
Realization
Union
105%
Dec
17
12% Mar
Udylite Corp.—,
United
106
107% 107%
J-P:
;
.1978
1
A General
of
70
103%
103
(Bait City)—
Gatineau
Manufacturing
4
73
mtge 4%s
Lackawanna
Dec
5s
Gas
105%
Delaware Lackawanna & Western RR—
55% May
Jan
7%
200
'8
:
Jan
1
12
■
16
Jan
4
8,300
•
May
3%
;;;
2,200
4%
A
Union
J-D
.1969
mtge 3s ser P,
Gas
A-O
.1971
*
ref mtge 2%g
Gen
Nov
3%
47
.10
i
Unexcelled
88
65%
(Bait).-
N.
series
1st
Oct
101%
Inc:
Ulen
128
:
Nov
116
Pt
A-O
.1969
5s.
El
Gas
Consolidated
Nov
108
.100
Co.:
•v
'
12 V* Mar
Corp.
Transwestern Oil
.1948
Oct
122
.100
preferred——
Trunz
83%
Jan
iy8
105%
82
Apr
3%
1,200
115
1021/4
82%
9%
700
110%
J-J
7lA
1,300
16%
15%
50
,
183
~2
22
Nov
■r
High
170
113
113
105 %
Nov
40
Year 1945
105
ASVas
Dec
2%
Tonopah Mining of Nevada-
Tri-Codtinental
10%
Edison
1st
Shipyard* Corp.
6% preferred.
Trans Lux
Sep
Jan
Range for
Sold
Low
105 %
Trust Co Ltd—
Toiedo Edison
7 %
Dec
6%
13'A
7%
dep rets ord regis—,—.
dep recs def reg
Amer
30
61
Exports.
Tobacco Security
Amer
{ACerrtral States Electric 5s.
Stocks
Allied
to
Dec
115 Va
16
&
Tobacco
36
10
.
J-JD
Jan
2,100
16 %
Inc.
Realty
Tobacco
Torta
/'v''/
.—A
common.
.1970
Bonds
Bid & Asked
Q-F
2%«
Friday's
or
High
A-0
Boston
21%
22
-50c
Textron Inc
.1998
.1962
119% Aug
2,300
121
10'/a
10%
...a
.
6s
Dec
10 'A
121
.100
pfd.
Light 1%
26% ' 27'/a
' Low
G'/aS.
Inc
11%
400
35 Va
35
Last
Sale Price
:
Jan
5%
27%
400
.
Exchange
High
'
common.
Texon Oil & Land Co
9%
Thursday Weeks Range
Interest
Period
Bethlehem
J
Curb
Range for Year 1945
Blckford's
Taggart Corp common-.-—
4
BONDS
Sale Price
Exchange
Curb
York
New
WEEK
Monday, January 7, 1946
EXCHANGE
NEW YORK CURB
RANGE
CHRONICLE
.
Volume
Number 4453
163
'
;
THES COMMERCIAL & FINANCIAL CHRONICLE
v;
;
,
NEW YORK CURB
FOR
RANGE
WEEK
97
EXCHANGE
ENDING
JANUARY
4
Bonds
BONDS
York
Curb
Week's Bang*
Friday
Interest
Exchange
last
Period
New
Sale Price
Low
Waldorf-Astoria Hotel— ;
A 5s
income
debs—
New
Bonds
Friday's
Bid & Asked
or
sold
High
..1954
78; /'■',
M-S
Low
No>
78%
75
A-O
5s—.— .2030
32.
$6
J-D
$121
$105
106%
IA York Rys Co 5s sipd—-—,——1937
J-D
$98%
J-D
$99 % 100
5s
lii
.
.
.
...
1947
109
Last
Period
Sale Price
>
ALima City
116%
120%
100
105 Va
-
99
January I
No.
Low
High
6%s stamped.1958
M-S
101%
1958
—.
....
Plan A
'
Interest reduced to 2VeS—
AMedeum
7s
"
$21%
26
,
^L;.
M-N
J-D
-
•
/■
Interest
Last
Period
Sale Price
A7s (issue of May 1927)—
A7s (issue of Oct. 1927).
.1947
M-N
50%
;
50V2
1947
A-0
Low
Agricultural Mortgage Bank (Col)—
A 20-year
78—
—...April' 1948
A20-yeaz ..78—--.
J-D
$19%
1972
J-D
1958
2008
M-S
1859
J-J
2012
J-J
37
37
37
6va8—
.1919
J-D
12Va
11%
—:
1921
J-J
12%
11%
$78%
Stamped
:
;-/r
High
63
...
A5%S
76
71
:
25'A
.
ll
/'
■i
25%
.
;-'v
L'.r
74%
•;
25%
; :
J-J
95
F-A
§
—
"
95
•
95
$23%
;
95
$90
»M-N
——————1955
,..—1953
5s—
'i
27
76
96
80
'
<
95%
•
47%
51%
20
■
3
22
75
95
38%
47%
\
__
37%
.
reduced
to
Government
2%.
46%
—
Deferred delivery sale,
a
d Ex-Interest,
2
36%
12%
161
5%
12%
167
5%
Odd-lot sale,
e
37%
22
.
Under-ths-rulc salt.
n
xEx-dlvidend.
sale.
-
21%
,
.
^Reported In receivershio
(!Ex liquidating cash dividend of $22.50/plus stock distribution.
:
used above—"coa/' certmcaius 01 deposit,
cone," consolidated; "cum," cumula¬
"v t c," votlng trust certificates;
J," when Issued; "w w," with warrants; "xw," without warrants.
Abbreviations
95
tive; "conv," convertible; "M," mortgage; "n-v," non-voting Btock;
Danzig Port & Waterways—:
6Vi»S stamped————1952
^External
95
—
tPriday's bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.
:
Extended
0%s———
•No par value,
rCash
32
'"
5%8—.
Danish
'
—
25
pursuant to Plan A
Interest
(see
J-D
7s——
Janeiro
ARuosi&n
Low
$78%
J-J
(State)
Interest reduced to 2 %s
January 1
,
No.
,
45N
.46%
M-S
Range Since
Sold
■
High
A-0
>
.——.—Jan 1947
Mortgage Bank of)
ACauca Valley 7s——1948
Bogota
Bonds
Friday's
or
36%
1
$50
1931
ARio de
Bid & Asked
32
Mortgage Bank of Bogota—
.
Exchange
'
^
1.
35%
Stamped pursuant to Plan A
Week's Range
Friday
28
45%
.
(
•
$33
.
A Parana
Foreign Governments & Municipalities
BOND 8
.
36%
38%
,
.
T,
'
.
2008
.1951
stumped
.1
U-N
Mortgage Bank of Chile 68
Mortgage Bank of Denmark 5s
Curb
High
101 Ms.
99
•
7s_
Stamped pursuant to
•
/■
—
(Peru)
AMaranbo
/
fork
Range Since
Sold
Low
•»
A
New
,
Bonds
Bid & Asked
%
105%110
'
,125,..
F-A
5s————1960
84
106
108
108
Western' Newspaper- tJnlon—
L."V'//;
63 conv s f debentures——1959
AStaraped
Week's Range
or Friday's
Interest
High
531/4
'
$107% 109 ;
J-D
West Penn Electric
Traction
Friday
Exchange
.
Wash Water Power 3 %s—————1964
West ,Penn
Curb
York
Range Sine#
January 1.
'k
v•"'»;*
".v.
37
"w
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING
JANUARY 4
Sales
Week's
Friday
STOCKS—
Last
Baltimore Stock Exchange
Range
Sale Price
of Prices
Par
Low
for Week
,
Range for Year 1945
Shares
Low
High
High
'
'
Week's
Friday
Last
'
,
Shares
Low
Arundel Corporation ————•
Bait Transit, Co common v t 0—.——•
———.100
1'
25%
32%
Preferred v t c—.
for Week!
of Prices
Par
Lv/LvL"' Lou
32%
Consol Gas E L & Power common..—•
33
85%
High
16
312'
l;." :
660
85%
Jan
.
2.75
25
20
15;
Service, Cos
England Gas & Elec Assn-—
5%% preferred
——Li-—
Jan
Jun
40% Nov
■
85%
Dec
116%
Dec
17
146
22%
23%
7%
; -i%
17
Nov
Jan
25%
Dec
22c
3,657
iA
,
Jan
15%
460
,
July
1% Nov
.
New
Dec
7.'
:
Feb
69
.
29%
Apr
—i —1
National
r
: :
——.——
16
23%
—5
Na8h-Kelvinator
Range for Year 1945
High
25% 27%
5 ■:-lil
5
-6
17 "
Narragansett Rac'g Assn InC——
Range
Sale Price
STOCK!
S
Sales
■»
77%
42
15
129%
200
77 Ve
128
128%
New England Tel & Tel—.
Jan
109%
77%
,
Dec
136
Jan
Nov
"
>
81c
75c
75c
Butte Mining————
North
30c
;
Jan
97c
30c
2,730
Jan
5
Dec
"
preferred BL—_.L—L———100
preferred C.—■—■.._.i'-L-——100
117
Fidelity & DepositCo—————20
168
4 % r/o
"'
(4s
M
57
25% ■26
New
.———————20
prior pfd—.......—J 00
cum
17%
99%
vT^-'L'VV,
.109%
Feb
155
Jan
168%
Dec
;;Li 46
Jan
58%
Dec
230
%/y:
16%
■
common,
6.75%
im 95
99% V
y
Sep v. L
109%; Feb
0^:22
57% t
Vernon-Woodbury Mills—:
114
:
5
/■'-
168
57
26%
90
■
107% 107%
Fidelity & Guar Fire Corp—
10
Houston Oil of Texas 6% pfd vtc—-25
Mt
117
"
•
25%
:
-
Dec
30
13% Nov
268
3
90
;
:
17%
Nov
Apr
Dec
'
Old. Colony RR
Pennsylvania
42%
——~
--.-L.....25
3V4
920
; 41%
42%
.843
•:v3%
3%
50
•;;c 3,
..
:
»
Hole MachL.—..
Reece Button
Reece
3%
—.50
—
RR
Quincy Mining Co
2
2
.
Casualty..——..—2
Amsterdam
New
-35%
iw' -''
35%
:l;L 70
•
.
26
,
Mar
:
'
:s'
.v-
■.
36
t
?
Dec
'
North American Oil Co..——,—.25c
75o
Commercial common.—-*.10
Seaboard
14
14"';.;
<
75c
14
100
^
25c v
v
.80
Jun
1.00
:
:
12% Oct
:
38^8' Sep
;
Dec
14%; Jun
Stone
&
com„_.
21%
7%
4%
Deo
12 Va
Jan *
■1.4% Mar
IV4 Feb
375:'"
2% July
7%
-
'
■*14%- Apr
V100
17%
19%
•
■;-.
Securities
Elec
21%
•
Webster Inc...—.—;—
Suburban
17%
Nov
.1% Aug
,
46 %
"
'
*
.L_—..—^
Shawmut Association
;
;
'
'
May
33 V4 Aug
-
s16
15
.15 /,
Folding Machine——.
99% Dec
>
—100
18%
Oct
485
10%
Jan
24%
NOV
40
4%
Jan
7%
Dec
•
.i:-'
■
40
40
47%
preferred
—50
Fidelity & Guar—^.ou
5%
U S
47%
48
25 ,-L"
211
38
43
Jan
48%
Mar
Dec
To'rrlngton Co
42
42
38%
.L'/.VL;'
39
42% ' Dec
35% July
75
-
'
L;Ban#i»-^L:LL.-,.L;'v'L'//':L'L;LL/
United
Baltimore Transit Co 48—1—.——197»
5s
•
series
(subordinated)
deb
4%.
87
87%
$4,000
94%
95%
g 13,000
99%
A—-—1975
99%
50
—L...
Drug Inc—
Apr
•."194 X Dec
Unitea
Fruit
Apr
96% Nov
United
Shoe Mach common——
98
-
Nov
Dec
101
U
79%
65%
66%
71%
; 71%:
72%
100
;'vLLV;
2%
2%
30
■' L.L——Lii—...
Mass Ry
Co—
(S
28%
Jan
Dec
'120%. Oct
Mar
83
73% July
.
Nov
Jan
73%
Oct
59% July
76%
Nov
2%
Dec
51%
;
90c
Jun
130
5
/
L^^'70';Ll
18%
49%
'•'
*'
49%
.-25
34%
"V -4-
-12%
18%
35%
297
76%
Co—.L—L.„—A."'"■'*"!
D)
Westlnghouse Electric Corp—
151
;
150
39% Nov
Mar
148%
Dec
13%
Jan
20%
Dec
36
Jan->
■'
System. Inc.—L..L—.
Warren
151
100
LJ.
*
tvi'l
9ft
90
Ref & Llin corn- ;■ l 50
Holding Corp———
—
Jan
15%
HO
516
.
78%
WAldorf
Exchange
27%
265/a
1103/a 112%
79%
S Smelting
Venezuela
Boston Stock
265/s
110%
—
30
427
25
Vermont. &
miMi
Co———!
38%
5
-
7OV2
U S Rubber
—
—5
1^—
76
Woodbury Mule—' •"'•'
Mt Vernon
f
Drill
Union Twist
76%
"
-
52
Nov
38
.
31% July ;
.
May
BONDS
■
STOCKS—
'
Last
Sale Price
.....100
Til—
&
American
Tel
American
Woolen
Anaconda
Copper
Lots
51%
——10b
Shares
.•
'
;
lou
XX
55%-
187% 191%
189%
•
30%
Boston & Albany RR
30%-
43%
Bird & Son' Inc.—..
44%-
23%
-
...—...100
138
136
330;
29
24
L/'L.;& 270
138
145
-
Maine
Edison
——25
'
Boston
Herald
Boston
&
46
Traveler
Maine
Corp.
43%
46
80%
Elevated Ry——.......100
Boston
80 Va
82
Jart
—*
40
-
37
24%
v<
142
46
•
Last
Oct
Laboratories
Abbott
Admiral
prior preferred———100
preferred :.
...
100
Stamped
100
6%
5 7o
i
class: A
1st
9
9
14%
14%
—...100
15
class B 1st pfd stamped—100
7% class C 1st pfd stamped.——100
Personal Prop Trust.———
rl3
17:
16
15
13%
Boston
Calumet
Century
&
Hecla
;
20
.5
8%
-
1
Shares Trust.^.^——j—,i—1
Cities Service
993
6
-7
,
8%
'
"': v6
'
preferred—.—.100
Stamped
.
r66%
75
Corp
28
_10
;
828
•
50
vL;L
i
90
Apt
6
Oct
Aetna
5% Mar
8
Jan
American
16
Jun
American Tel & Tel
17
'8%~~
LL;v
29
10% Mar
-13% Jan
185
L
.
,10% Nov
150
34.86
-
Jan
198
20
100
140
19% July
Ball Bearing
6%
.
Gas
Armour
&
4%%
-100
99%
Mass Street Ry common¬—100
1st preferred series A
.—100
7%
prior preferred
6%. preferred
—-L^_.L
Eastern
er
Aro
Apr
9% Nov
16%
-
•
34.78
Nov
-
Inc
73%-
•
v
100
L
-
25
2%
Jan
78% Feb
47%
3
■
6%
100
Jan
1.74Q
8%
>
-
•
July
Dec
Nov
78%
.4
common.—
107
30
96
Jun
109
117
120
180
71
Jan
109% Deo
30
33
510
14%
Jan
•20%
25
3,225
12
*
$2 conv preferred-
51
52
225
38
25
25
100
16%
Jan
33%
16
Jan
21%
'
'
'
*
Economy Grocery. Stores——;
Engineers Publio Service
^
25
1.
-
.
80.
National
General
»
Electric
■
46%
47%
22%
23%
May
May
13
'
10%
13
525
749
-
37%
Isle
B
Bakeries
class
*
A-
_
1%
—
Royale. Copper
-*
■
-
———
,
■■
.
1%
6% July
3%
"3 V*
150
'
'
60c
190
—
48
5 %. preferred
—;
Mergenthaler Linotype
For
-
-
footnotes see; page
105,
♦
72
•
46
11%
12
—100
*
——
:
48%—
46
—
50
Corp (Del) 6% pfd.^—
Maine Central RR common-.—-,—100
Lamson
12%
27 y4
•;'5%
-5%
16%
•
■
12
155
&
,
.
329
50
52
140
71
75
115
•
135
Feb
158%
40
Oct
Jan
196
V Nov
6%
1,300
Dec
28%
Dec
6%
Nov
17%
Dec
Jan
8%
Dec
5% Jan
10%
Dec
3,600
1%
Jan
400
7%
Jan
8%
7%
15
Jan
Mar
17
100
'
16%
2,200
3
1,200
,
10
9%
Seelig class A common.—5
-
"
100
16
Apr
21
Dec
35%
150
26
Jan
36
Nov
24
250
16%
Jan
27
Nov
20%
2OV2
•
Co common——•
Mfg Co common
—10
Bendfx Aviation Corp common——5
35%
Belden
23%
35
23%
'•lil
53
1
14%
14%
15
250
Co capital——.———1
20%
20%
21
700
—
;
'
.
,200
54%
16
16 %
17%
49
!_
Borg, (George W
Boi'g-Warner Corp
Deo
Brach & Sons (E J)capital.—
i..*
Brown Fence & Wire class A——LI
51
Dec
24
.
Nov
36%
.
Co
——
(E L)
59%
-
.
Butler
'
'
,
__5
—1-
common—
—————10
WS:'
'
30%
„
48%
7 V*
Jan
61
Oct
15%
Oct
23%
Jan.
10% Mar
Dec
49
50
50
1,350
Xl7%
16% Dec
30%
Mar
100
37
50
24
30%
50
23%
Jan
9%
.
..
'
-
■•53
Dec
Dec
-
Nov
55
L Jan
33% Aug
11V4 NOV
100
5%
Jan
43
43
50
32%
Apr
12
10%
12
900
6 %
Jan
11%
Nov
Dec
25 %"
25%
26%
i,200
13%
Jan
27%
Deo
33%
...i
—
common
Ring
Brothers
_5
common..
Common
Bruce
33V2
34%
100
22
Jan
35
260
99%
Jan
150
14
Jan
—
.
9%
—
— —
'
48%
49%
26%
Castle & Co
15
Nov
July
3%
Jan
3%
35%
'
5
113
200
13%
,/ 26%
>5% '
;
;
191
.12%
(Delaware)——————3
Dec
1%
;
Oct
Dec
'
Jan
51
Dec
Jan
40
5% Jan
47
(A M)
Illinois
—.10
common.
Pub
Serv
$6
pfd-——•
Central 111 Secur Corp conv pfd—..*
113
■«*•
«-■'
110
21
.
113
21%
~Nov
112% Nov
22
Dec
12
Dec
131
Jan
190
Dec
2,400
14
Jan
117
117
20
111%
Sep
185
185
1,240
82%
Jan
18
60
8%
Jan
20 %
Apr
9%
Nov
Central S W Util common^
Prior
lien
Preferred
Kennecott Copper
7% Aug
131
.,'7%
Aviation Corp
Central
'■
•
__
Dec
12%
'L,7% Jan
900
Dec
14
"
Feb
13% Mar
.
'
Class
400
11%
131
"
—
-
Washer common...—8
Automatic
21
'■
Hathaway
11%
10%
191
pfd-.—-—100
100
30
.
42% Jan
138
'
•
431
56
23%
*
—
Gillette Safety Razor Co
54%
56
11%
'
16%
Burd Piston
Stores.
Jan
Feb
■'
First
21%
11
Equipment Corp "fcommon.
common—i——I
Binks Mfg
33%
:
10%
Co capital
Berghoff Brewing Corp
8%
.
107
32%
—
■
SS Lines
99%
7%.
60% Jan
500
30% Dec
,
120
class B
pfd adjustment.:
Eastern
.
100
18%
,
Jan
107
6%" preferred
5%
■
6%
99%
—
82%
18
Bastian-Blessmg
100
6%
73%
.
82%
85
'WW
Asbestos Mfg Co
Fuel Associates-
j.—lL.L—...L—L—
High
Loin
18
^.1
common—————5
& Co
Jun
Nov
'
Common
Apr
1945
Range for Year
High
82%
—
common—
Pub Service
17
Barlow
Eastern
Shares
Advanced Alum Castings———5
22
-
30.62 Mar
V:
77%
for Week
Athey Products capital————.—4
-
%
-
Jun
9%. Aug
10%
254
'15 '".
common
common——
Jan
5%
130
14%
17
60% Jan
30
;
15
8%
34.-86
L
i
-
Range
of Prices
Low
"
75
•
Sales
Week's
Friday
Sale Price
STOCKS—
Dec
44% Dec
;
RR—
7%
70% Aug.
$1,000
,
Chicago Stock Exchange
Dec
NOV
82
■
23% Jan
25
40
Jan
69% Jan
%;■ 125
•
Dec
49% Nov
115%; Aug
1,750
"
L
NOV
31%
'
Boston
RR—
J:; Inc mtge iVzc/o series A.——..1970
Dec
196%
-
Jan
17
,483,
:-
:-59%
156%
S: -9% Jan
152
v.
&
High
41% Aug
Jan..
i
1,353
30%
—50
-
Range for Year 1945
High
■'
.......
Boston
S for Week
Range
of Prices
for
American Sugar Refining.
Sales
Week's
Friday
41%
Jan
64% Apr
preferred.
—
:
50n
10%
——
185
—:——
10%
11 Vz
16%
16%
————...1
8%
59 H
8%
11,450
7%
Jan
——.•
8%
61%
61%
1,050
53%
Jan
64
Feb
Oct
Chicago Flexible Shaft common—*—*
40%
40%
40%
50
35
Jan
49
NOV
States
Pr &
Lt
pfd
;
;
12% Jun
62
86%
Jun
1
—•
Central
Chicago Corp common
Convertible
preferred
THE COMMERCIAL & FINANCIAL CHRONICLE
98
Monday, January 7,
1946
OTHER STOCK EXCHANGES
RANGE
Week's
Last
Kane*
of Prices
Shares
Friday
Par
Chicago
North
&
for
Vtc
Service
Club
Low
High
Low
Co
79
28%
*
7%
79
Dec
Pure Oil Co
16%
Jan
50
3%
Jan
34%
34
34%
1
21%
21
24
Eddy Paper Corp
Mills
Four-Wheel
Drive Auto
25
29
15
Jan
6
250
4
Apr
290
39
6%
56%
Dec
48%
Jan
64
Nov
21%
21%
100
17
Jan
24%
Dec
17 y8
17%
700
10%
Jan
30
19%
Dec
30'%
200
19%
Jan
291/4
4
of
Mar
52
J
General
Finance
uenerai
Motors
Corp
Corp
23
400
600
7% Aug
13% Jan
15% July
23% Dec
50
24% Aug
341/a
22%
23%
29
29
Gibson
Co
Refrigerator
20
20%
13%
13%
13%
74%
75%
16%
300
74 %
1,500
Gossard
100
19
21%
19%
common
13%'
19
:—*
common
(H W)
Co
12%
12%
1
common
Inc
Bros
31%
30%
31%
Hibb
Bartlett
Spencer
Inc
Horders
25
common
Feb
Friday
6%
Apr
14%
Dec ;
Jan
62
77%
Dec
11%
Nov
13%
Illinois
capital
Co
RR
Central
20%
9
Jan
23%
350
16
Jan
24% Dec
650
13 %
Apr
21%
:
Laundry
8%
10
18%
$6
Power
pfd
Jan
60
Products
—T
14%
Jan
21%
Dec
100
22
Dec
24%
Sep
3%
300
9
18%
7%
950
Jan
j
Baldwin
Jan
18%
43
43
100'
20
Jan
43
35
250
25% Aug
37
Oct
13
13
100
34
6%
Jan
13%
34%
80
12%
Jan
39
Jun
14%
15%
1,050
6%
Jan
16%
Nov
13 %
7%
Jan
15-
Dec.
La- Salle
Ext
Leath
Co.
&
Univ
preferred
Libby McNeil & Libby common
LindSay Light & Chfemical com
Field
4 % %
preferred
Masonite
Corp
$1
&
Inc
Hart
Monroe
Chemical
Gas
Pressure
Cooker
North
American
West
7 vc
Bancorp
Mfg
Nov
300
18%
Jan
42%
•
108% Aug
41% Jan
20
100
300
8%
900
10%
2%
5"%
15%
50
17%
350
47%
V
55%
18
Jan
i 50
55
--,./.
.
Nov
7%
&
75 y2
Parker Pen
Co
(The)
7%
pfd
Jun
33.%; Nov
17%
100
13% Mar
42
200
15y2
Nov
22%
100
17 V4
23 y2
25
.
44
Aug
200
Jan
10
■
10
108 % 108%
:
23 %
23%
Jan
Jan
Feb
7,850
•
80.
9%
108%
—10
A
11%
;.
43
16 ' /
70
130
78%
80
0
23%
'11
136
60
380
137
23%
130
10
common
class
135
11%
100
Switch
Elec
171% 171 %
23%
100
preferred
40
9%
20
126
Nov,
Oct
33%
300
1,700
Jan
4%
Jan
/
10
98
50
18% Mar://
Jan
Peoples Gas
Co
Potter
capital
Coke capital
RR
Lt &
(The)
Process Corp
50
Oct
170:
|
(The)
12%
131
Rath'
Packing common
10
Raytheon Mfg Co common (new)—50c
Dec
25
29%
Jan
13
13 %
-
142;
6
65
34
50%
12
'
■
^
11
3
64A
34
36
14% Jan
/// 34
/.
43
140
.
Electric
Schwitzer
Sears
Cummins
Roebuck
Serrick
Co
&
common
Timken
Dec
28%
/
•
196
28%
'■2
Woi'K
28%
10
9%
—1
—
-1
capital—
new
Dec
24%
Corp class B common
22
22%/J;?
75%
207/8
Roller
45%
Bearing.—
Cleveland Stock
//
Friday
-/ Last.
Jan
45%
Nov
Jan
96%
Dec
vH
Nov
8%
:^////y. /;/v//:;"//'://:/
Addressograph-Mult
/
Par
(Un)
com
100
7%
300
2%
Jan
7%
Dec
102% 102%
10
76%
Apr
July
107%
Dec
46%
29%
Dec
190
16
51% Jan
Bend
Spiegel
St
Lathe
Inc
Standard
Dec
City Ice & Fuel
Cleveland Cliffs Iron preferred
31%
32
150
26%
26%
100
29
350
r28
-
30
23%
Jan
23%
24%
200
18%
Jan
33%
Akron Brass
/
2
Mfg
Coach
&
Mfg
Elec
Apex
Nov
36
37%
1,300
34%
Dec
39%
Nov
9%
300
5%
Jan
11%
Dec
20
Nov
21%
18%
19
19%
14%
1,650
19%
1,500
preferred—
Apr
14% Aug
Swift & Co
100
6
6
pfd
Cleveland
5
;
..100
'
^
Corp capital
37%
„
.
20%
150
Apr
Cliffs
Trane
Co
(The)
-6
common
208 South La Salle Street
High
8%
9
17
,-<v.
'H
300
17%
105
150
106
a9%
25
26 Vz
Corp com—*
52
United
U S Steel common
Faultless
—1•
Rubber
Jan
Walgreen
Co
Wieboldt
Dec
Goodyear Tire & Rubber
Gray Drug
Wisconsin
Woodall
common
7
Dec
Bankshares
Indust
common
Range for Year 1945
Blah
34% Nov
Apr
6% Jan
1,100
14
Apr
22
38%
500
31
Apr
39% Nov
61
200
49% Aug
60
Nov
17
31%
Zenith
Radio
Dec
27%
350
Jan
52%
160
363A
Jan
52%
Dec
26%
27%
500
14% Mar
27%
203/4
400
12
20 3/4
Dec
79%
803/4
600
85
10
Dec
Jan
30
Dec
347
80%
Jan
103
44
Jan
Corp
common
Unlisted
5% Jan*
Anaconda
Copper
Atch
& Santa Fe Ry com
Steel Corp common
Top
Mining
Curtiss-Wright
59%
May
Jan
39%
400
31% Mar
413/4
Dec
33
33
250
143/4
Jan
32 y2
Dec
17
17
17%
800
11%
Jan
&
.26%
52
29
26J/a/
961.'
29
28%
a47
a
108
22%
Apr
27%
Oct
47%
120
37%
Jan
49%
Sep
a70% a70V2
a58% a60%
*
common
>24%
5
;
31/'
31
Dec
68% Nov
/:.■>•
18% Jan
29%
Dec
6
53
July
74%
Oct
96
24%
48
July
63%
Oct
14
Mar
24%
Dec
165
(M A)
4%%
•'
'■'•••
/■
Industrial
Rayon
Iron
pfd
I
31
:/:'/
54
-.72
.16%
Jan
105.
Dec
31
Dec
110%
Jan
"
T
■'
(Un)
•
(Un)
a
—"
Interlake Steamship,
Jaeger
106% 106%
—'•
Machine
66% a66%
35
al3% al3%
41
_•
;
-
*
31
>■:
44 Va.
40
430
31
39%
Jan
8% Mar
33
Dec
69
14%
Dec
45
;j
Jan
Dec
..
&
Kelley
Laughlln—
Island
L &
100
a41% a42%
——
Jan
27% Jan
,13% Mar
•
.15%
15%
850
—10
T
23%
74
14%
14%
545
30
•
Feb
46% Nov
17%
Jun
.
McKee
& Sessions
...
7%
Jan
•15
Dec
*
59%
57
59%
99
43%
Jan
60
Dec
—*
40%
40
40%.
,315
23%
Jan
/ 40
Nov
6%
1,375
173A Nov
16%
40
Iron
16%
17'A
300
12%
::,'/• 700
40
41%
100
•
18
43%
104
94%
Co.
Corp
(Glenn L) Co
Nash-Kelvlnator
•
8
Electric
Interlake
Martin
,/?
•-
11%
50
s
General
59%
■■■
...
8'/2 Mar
22
Oct
(A G)
Medusa
class B
Portland
200 '
7%
35
Jan
National
13%
!
Tile
43%
Dec
—•
5%
33
21%
25
25
—.5
a28
2
Jan
7
Oct
35%
Dec
185
21%
*
•
21% Jan
16% Aug
23%
Dec
200-
33
•
(Un)
16%
Jan
25
Dec
14%
Jan
30%
Dec
175
Dec
July
Cement
Ohio
Oil
(Un)
Stocks-
Radiator St St San com
Bethlehem
59 %
*
Patterson-Sargent
American
99
Dec
A
39%
'
May
Dec
capital
•
18% Dec
106
Dec
37%
■
33
•
com
Machine
Dec
9
11% Apr
105% May
20%
98
——*-*
common
—
N Y Central RR
Yates-American
Oct
35
99
*
F)—
(B
Bros
Hanna
Lamson
•
64%
119
-i"
Halls
Dec
44%
51'A
80%
*
1
a9%
26 % Aug
Jan
Jan
Vz
*
common
Stores Inc
(Un)—
Jun
3%
22
26%
*
Electric
Nov
20%
\
Dec
&28%a29%
(Un)——1
.5
23%
; 263/4
Light & Rys
Specialties common—
\
49 %
"
22%
;
see
11%
Jan
Dec
500
29%
76%
Jan
Republic
Steel
47% Nov
100
Rlchman
Bros
Jan
94%
200
67%
Jan
97% Dec
Standard
Oil
95%
7%
8
47%
900
5%
Jan
900
38
Jan
9
Mar
22% Aug
15% Jan
common—
19%
9
23%
page
23%
23%
400
32%
32%
34%
1,400
105.
✓
22
Jan
(Un)
•
of
Ohio
Thompson Products Inc—
—
a29% a30%
10
—
19%
Jan
33%
Dec
54%
929
39% Mar
56%
Dec
24%
54%
181
53%
24%
275
19% Aug
27
Oct
a58% a58y8
•
—
165
45
66% NOV
Dec
49% Sep
14% Dec
U
S
Van
capital
8
a28v
111% Nov
104
common
Corp
Electric
900
44%
43%
104
46%
New York Central RR
For footnotes
Reliance
18%
44
Nov
25%
Dec
35% Dec
Steel
Dorn
(Un)—
Iron
Works.
80%
——•
*
July
30
.
80%
367
58%
Jan
85%
Dec
29
30
565
18%
Jan
29%
Oct
69
39%
Jan
70% Dec
30
20
*
Youngstown Sheet & Tube common—*
Youngstown Steel Door (Un)„
*
Vb
%
a 25% a 25%
a65
Sbv
Mar
t
Dec
//// ion
25
y/'.
Jones
United
Dec !
24'A
Sales
Shares
a32% a32%
—*
Corp common
54%
36%
33%
20%
20%
26%
100
41%
61
5
25
:
#77%
:
for Week
Low
v''
,.—4,
—
Graphite Bronze
Interlake
Texas
l*
Exchaage
Range
50c
Body
Goodrich
300
40%
25
capital
400
25
tl9% Aug
12% Mar
400
22
43%
24%
10
Sundstrand Machine Tool common
32
21%
1
capital
31%
43
—
22
•
20
_—:—.——
Oil of Ind
31%
,
»
Dec
Dec
18%: :
19%
5
2
Stockyards capital
Dredge
Common
capital
common
Louis Nat
Standard
Works
Dec
16%
28% Jan
50
/
29% Dec
*11%
62% Jan
18% Jun
-
of Prices
—10
Basic1 Refractories
31%
4% Aug /
General
South
j
/ Dec / i
30
Jan
Xl7% Aug
7%
9%
•
30% Dec
/
Nov
185.
.
Week's
;'.r
Saleprice
7%
37%
_•
new
{
j
Jan
:
10
633/4
*
™
Slgnode Steel Strap Co—
Common
Oct
Jan
4 '
/■:•
'M52
45%"
22%
*
Dec
69%
1
Sinclair Oil Corp
513,4
f
,]
Dec
#•12% Jan
18% Aug
314
J3%,
:75!A
10
—
i
Dec
24
•
38%
Feb
15% Jan
.
93/
10%
13
-
y
11%
X 33%
29
Dec
;v,v66y8 Oct
I1
•
capital
Co
•
Dec
11
Jan
,
10.
/
11% Dec
55% Mar
51
Oct
6
8%- Feb
66%-/;,/
Dec
50
Mar
50
4
Sangamo
V. 13%
Jan
4./■ Jan
206
12 V*
....
36%
.125
11%
:
■-
11% Jun
44%, 45%
11
Jun
.
.
75
112
100
—
13,
Nov
,
300
—
Dec
29%
Jan
'
Aug
90
—
38
58
.23
...
Standard Brands
i
Dec
42 %
7%
7%
•
26% Apr
40
11
1.10
Rolling Mill.......
Pure Oil
[
Dec
23%
90
——*
common
common
Dec
35
y'
—'
—v
Service
American
Quaker Oats Co
12%
.21%' Dec
20
mA
General'Motors
Dec
142
42%
7% "
Apr
Nov
30'A
__
1
7
13% Jan
29%
6
Printing
Crosley Motors
Dec
42 %
100
common
Jan
Dec
y2
25
.
Dec
/16
58
65%.
Bank
95
29%
im
—s
10
:
15% Nov
78% Jan
58
m-
.•
.
8%- Jan
99
Nov
;|llf;;f July
-•>
;
29%
1*
:,
20
29%
STOCKS—
Pennsylvania
/
———*'.
,.,;/»
4._—U
City Ice & Fuel——
Dec
28%
1
Elec
30
20'A
Columbia Gas—
Dec
Jan
2a.
30
S
Cities
-
2% Mar
22%
137
May
12
..—*
™.
American
'Dec
48%
42
100
115
14% W. 1.182»"
;
Jan
Unlisted-
% May
17 Va
.
Jan
48%
100
28%
2%
common™
Gas
...—;
;
Western
Dec
33
22%
—100
common
Dec
12
Dec
Jan
•:••"/ 50
32 y4
Nov
Jan
28%
'
107%
109
20%
Preferred—-—i..—.—50'•'■/Li.#
6% Nov
12
:...• •10
6%
73 %
v
24 y8
22 Ve
Apr
U
Sep
10%
50
32%
•
/■/ 14
109
■it&M:
r..„»
..p Preferred •—
Nov
46%
Jan
21%
'
111
Jan
1,800
22%
17%
'
Jan
13%
Dec
.
6%
17%
—
Jan
112
13%
VV'-
--1
,»
National Pumps
Dec
14%
■>
55%
32 %r
-
20
Peabody Coal Co class B com
Penn
13 Va
Jan
73'A
common—2
prior lien pfd:
1
Util
Oklahoma
6%
Jan
5%
5%
6%
common.—.—1
preferred
Nunn Bush Shoe
Oak
•7%
17%
55%
17
Oct
93%
.10
....
Leonard
'
Northwest
Nor
?
47%
"j*
common
1,500
:
15%
•
common
Car
ny8 Aug
300
21%
'
17%
Dec
Jan
10
53
? 14
*
™
^
Jaeger. -Machine
Dec
21
*
Cylinder
49
109
5%
common-
National
Jan
-58
21%
Co-preferred
National
37%
58
•
Muskegon Mot Spec class A—
20
109
—
Co
46%
/13
5%
1C6%
Dec
109
//•—
*
&
19%
41
.10
Ward
Jan
Jan
25
90
•
-
*91%
Procter Sc Gamble.
100
Common
Montaomerv
7%
40
common— —1
Mfg common
4% Mar
850
40
—
prior preferred
Co
450
19%
10/'
17
14%
Yards
———
Kroger
8%
18%
12%
-I
vtc
Stock
109
{
Art
Kahn
Dec
2% Nov
13
93%
Drug
,•
May
Jan
?
6
50
—
Formica Insulation-——————j*
Sep
56
13
-
—
35
Feb
13
*,
common
Oct
52%
11%
,
—.
Minneapolis Brewing
Modine
11%
•
—
6%
30
46 %
*
common
100
7%
,
46%
-
Mickelberry's Food Prod com
Middle West Corp* capital.
Miller
'■
-,7
common
6%
55%
7%
19%
•'*:
Cumulative
Marshall
6%
•
'
-
55%
~
■
—5':
common
common
420"'
High
45%
18
50
—
Union
/ Gibson
1--
'
17 ::
112
"
34
r
1,418
'
Jan
12%
Dec
"••'.I'J*"; .1,
15%
1%
32%
111% 112
/
Eagle-Picher"
;
12%
•
1
•
Ken-Rad Tube & Lamp com A
—*
Kentucky Util jr cum pfd——— 50/
1%
Advertising Products.——
Cincinnati
Dec
33%
13
Drug Co common
Kellogg Switchboard common
115
18
Telephone
Dow
Low
45%
•,
Cincinnati
Oct
Range for. Year 1945
High
43%
*
—...
Cincinnati Street
9% Dec
33%
Katz
Low
44% ;■■■■■;
Cincinnati Gas & Elec pfd—.100*
C N O & T P_—
;
i
—.20
Novi
300
22%
18%
100
common
Shares
Mach.j——
Churngold
Dec
48
50
21%
.
for Week
Dec
20%
22%
Independent Pneumatic Tool vtc com.*
Indiana Steel Prod common
—-1.
Interstate
20
Oct
Sales
Range
of Prices
■I«r
American
Dec
50
2,850
58
*
Dec
72%
Aug
Exchange
Week's
Sale Price
8TQCK8—
Nov./
25%
22%
58
1
common
Hupp Motors common (new)
Illinois Brick
58
—*
common
Houriaille-Hershey
19%
1
cap
33%
200
.10
Cincinnati Stock
Cincinnati
Heileman Brew Co G
Nov
57
—1
Feb
American
Goldblatt
Nov
68%
Dec
10%
20
10
common
Dec
45%
.25-
-
Nov
13% Mar
23
22%
5
common.——1
33
Jan
56% Aug
18% Jan
common
N
Last
General Candy class A
High
;
Jan
200
r61
Dec
2,100
48%
29
10
•/
—
Dec
850
10%
-IV*
Low;
28
Dec
29
21%
22%
5
(Peter) Brewing common
Oil
Range for Year 1943
High
r61
—
;
"-Hi*
Studebaker Corp common——.
U S Rubber Co common
5%
0
Inc
of America
Standard
Dec
%
1
—
Brands
Dec
42%
50
45%
Util Corp
Standard
26
Apr
12%
34% Nov
Jan
24
300
"
-•/
Radio Corp of America common—
Republic Steel Corp common,
Dec
8% Nov '
Shares
•.//,#—
-•
:
common
Jan
39%
28
—*
30%
(The)
for Week
Low
-i
-
Jan
7%
26
24
(The)—
Electric Household
28%
5,300
,750
'
39%
common——25
(Alf) & Cohn Inc common—_10
Dodge Mfg Corp common—
Domestic Industries Inc class A
Fox
Jan
200
25
Flour
Paramount Pictures Inc
Pullman Incorporated
7%
;
Consolidated Biscuit common—
Decker
Jun
Sales
Range
Par
49%
28%
10
com
Week's
of Prices
Sale Price
High
Jan
63
10
Commonwealth Edison commonCrane Co
STOCKS—
,
25%
100
39%
39%
capital—*
common^
Uten
39%
79
——«—*
common
Co
Aluminum
Friday
1.i' Last
Range for Year 1945
Western Ry—
common
Chicago Towel Co
Cities
ENDING JANUARY 4
for Week
Sale Price
8TOCK8—
FOR WEEK
Sales
27%
Sep
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4453
163
OTHER STOCK EXCHANGES
RANGE
WEEK
FOR
ENDING
JANUARY
4
Week's
Last
Sale Price
\
Low
New York
4
Emsco Derrick
Members
Electrical Products Corp
5 1
New York Curb
Stock Exchange
Associate
Farnsworth
Television
Fitzsimmons
DETROIT
Garrett
Stores
A
&
A
Paint
Corp
Corp
Friday
>■:
Range
STOCKS—
Sale Price
vLoto
Allen
Electric
4%
Rubber
Brown,
McLaren
] Burroughs
f
I'15% '
—>4,_
i-ou
'XX.
22%
9'-!
Detroit & Cleve Navigation.——.... -10
i
Detroit
;
Detroit
Edison
..20
common
...5,
Iron
Gray
X 25
25
'•■XXVv-
!XVX:
Jan
20%
21
350
13
1.35
.
Dec
100
Jan
450
10%
10%
Dec
385
Dec
Dec
10
Nov
7% Aug
350
20 y4
6y8 May
12% Nov
484
62%
Jan
77
Dec
21%
>100
12%
Feb
22
NOV
20
16%
Jan
32%
Dec
a60% a60%
34
50% July
62'4
Oct
a89% a90y8
33
53%
Jan
91%
Dec
1 90
1,150
15 % July
27'/a
Nov
15 Va
Jan
32 »4 May
3%
Jan
9%
Dec
a74% a75»/a
21%
„
__
l 75
«
a30%
a29% a30%
60
26
28%
3,125
a8'/a
10
a8%
75
75c
Apr
2.00
Dec
1.25
1.35
1,400
25c
Jun
1.75
Dec
9c
May
28%
,_i
230
23
Jan
.'
X
;X
•
v
5%
25%
Dec
*€%
Jan
1%
Jan
5%
Dec
Co
25c
26c
'
2,520
20
20Ve
695
1.35
1.40
1,625
a39% a42'4
158
10c
1.35
1
a42
100
'
20
■—
Oil
;
—
,
Co
1
!
Manufacturing Co
Merchants
Petroleum
Monogram
f
,
f
26c
1
Mascot
;!
Dec
21%
1,525
XXX" 52D.V
V..X •• 725
■
I0c
Petroleum
Menasco
9%
Oct
1.30
Lockheed Aircraft Corp
Los Angeles Investment Co
Nov
:
18
'X
!_—10c
Co—^
Lincoln
Dec
14
'
25
x; 5%
Jan
al9
1
Co
Co
-Lane-Wells
X
Dec
.'
Oil
'
|
385
30c
8 Va
__
—♦
com
Intercoast Petroleum Corp
Dec
3%
418
22%;
C;
16 y4
"
Jan
10%
2,300
'
19
8%
'•'
Consolidated Paper ———Xl—
>10,550
8
a75.
•
com
Hupp Motor Car Corp.—
Jade
ntgn
X Dec
y; 1% May
x'-; 800
3%
18%
xXXX'X;
July xxX 5
2
570
<
15%
3%
3%.
18%
Adding Machine.. —
Nov
1.30
380
•
10
Co—1
Car
14y2
al8%
*
Co
I
Range for Year 1945
'
4%
15%
Motor
10y2'Jan
a29% a29%
;
''
Baldwin
Development
Hudson
Shares
man
4%
class A
Dec
120
' for Week
of Prices
'•
Co
17%
13 y2
8 Va
—2
commoji
Hunt Foods Inc common.—
8ales
Week's
•
Last
Holly
;
Detroit Stock Exchange
Oil
High
12% Mar
—
.1
common
Gladding, McBean'«& Co
Goodyear Tire & Rubber
Hancock
Low
776
1.15
1.20
——_1
—
Motors
General
Range for Year 1945
High
17 y3
13 %
—
100
Radio—
class
Shares
17
.
—
1
Corp
General
Randolph 5530
Telephone:
class
Farmers & Merchants Nat'l Bank
Chicago Stock Exchange
Ford Building
Equipment Co
Exeter Oil Co Ltd
,
Detroit Stock Exchange
&
for Week
of Prices
Par
Watling, Lerchen & Co.
Sales
Range
Friday
STOCKS—
Pictures
,
Corp..—
—1
Jan
1.50
19%
Jan
41%
183
July
1.00
1,000
9
6,475
45c
1,000
8%
8%
300
1.05
1.10
1,200
55c
25c
34c
24,600
8c
1
7
__
XZ
45c
8
1.00
8
.
Dec
Jan
yX;7.45c
__
7;:
1
1
Mt Diablo Oil, Mng & Dev CO—
;;
V
•
1
Co—.
Dec
24
13%
al95
195
a
40c
60c
Aug
1.45
30c
Deo
Dec
195
Nov
1.20
Dec
9 Va
Jan
Feb
Dec
65c
3% Aug
Dec
9%
Dec
1.25
Sep
Dec
'
Detroit-Michigan
Detroit
Steel
J Federal
1
Corp
Motor
Frankenmuth
Friar's
.
Stove
_
——_
_
Truck
1
-
2
—
9
9%
700
5%
Jan
10%
Oct
,24
24*4
300
15%
Jan
25%
Dec
16%
290
9
^V;,-; '
Vy.
J
—r-:——
V:'V'LVv' 'X Xfl6%'
■\j -^iX'!'.' '/'i'y.'-
Brewing
Ale
Fruehauf
.
_
new
4
250
6%
3%
3%
Dec
34%
34%
X;"X 100
V 12%
13%
4%
Jan
x
Oceanic
Dec
Deneral
1
Finance
Goebei
i
wX-
3
13
XXX—. .X-l
common
tGrand
Hoover
Ball
Hudson
Brewing
&
—X—' X
& Mfg
Kingston Products
Kinsel
Drug
1
30
Vl'7%. rX;;
Machine
Jan
12%
Aug
165
23%
106 ■;"-
15 y8
27%
Jan
Jan
820
6 .'X May
:■
3%: Jan
Xx'9:!;!
2,750
1% May
3%
Dec
Jan
9%
Dec
3%
8%
100
4%
8
350
5% Mar
;!
Products
Screw
3%
3%..
3%
2.350
1%
.
McClanahan Oil common
Michigan Die
Murray Cotp
2%
5
Casting———
XrgX X-.vX v-
—ill
common.—
2%
2 y8
;
XX
X 5
19%
19%
32c
18,025
2%
4,500
XiX.llOX. x
Jan
Packard Motor Car.; —'——.-—,
5%
3%
Parke,
Davis
Peninsular
Metal
29 V4
:
Prudential Investing
Rlckel
——
13
•;
2%
Jan
p—1
2'/a
2
W) Co
——.
River Raisin Paper.———;—
<H
".
-
3%
♦
Jan
>0*
,
X
5
-
,
•
*
Class
B
Warner
preferred
Pacific
4%
Dec,
v
42%
Dec
-a,
90
34 Va May
34 %
Dec
..
975
51%
Jan
62%
Dec
149
48%
Jan
60
Oct
20
Feb,
26%
Nov
Jan
10 J4
Dec
Jun
52%
9'4
,
2,350
5%
54
54
50
47%
55c
65c
4,000
16
17 '4
9
■
i;
16
•
,,..
7
701
3'%
37/8
\. 9
Union
i
Oil
of
Universal
7
9%
5ya
Dec
7
i
&
24c
25c
36
36
36%
31%
36%
•
31%
xv
:
;:7 !—
Dec
Zenda
'
Gold
,
Wire to Allen
&
Co., New York
AND
FAIRMAN & CO.
Anaconda
Armour &
l
X
;
BROKERAGE
S
A T &
Co—
Co
30
31%
Dec
Jan
62
Nov
39
Jan
49%
8%
•:;X; 377
30
100
—
20Va
20'4
'•
20ya
a67% a68%
—-
LOS?ANGELES
—
Bendix
♦
V
.Range
*
C7 /T" *"
4
1
25c
XX;
-
l
5y2
1
.
—
1
5
Blue
2
Chica
Broadway
Oil -Corp
Dept
common—*
California Packing Corp com.
Central
Cessna
Investment
Aircraft
*
Com
100
Co
<
'
50
„
714
<j,i/4
50
5
:——5
*
5
15
5
—
15c
,
7V2C
X
X.
20%
Jan
27
Dec
Jan
28
Mar
16 V*
Jan
35%
Nov
811
3y8
Dec
3%
Dec
6%, Jan
100
7c
Jan
19c
Nov
lc
July
25c
Dec
Sep
20c
Nov
2.10
8c
\
3,000
X
7
Electric
Dec
General
663
3
8
Dec
Goodrich
7%
1%
21;
Jan
: Jan
40
77
Mar
200
•
28%
4
Aug
'
Jan
__
—
:
:iX —
__
Foods
Nov
X?
Dec
;
Great
40%
Dec
;
Interlake
..
7%
(B
210
Graham-Paige
Nov
International
Dec
Kennecott
Colorado
Fuel
—5
&
Iron
new
Consolidated Steel Corp
Preferred
Creameries
_•
America.
Douglas
Aircraft
Industries
For footnotes
.1
1
+
Dresser
Inc.—
Co_
X
(new)—
see
23'/2
247
94
Jan
30
17
Dec
28
•
Corp
Co
pfd
__
'
Corp
;
—
__
__
'
page
—50c
105.
a93%
a29%
19
Dec
X ;X.:
&
Tel
11%
a57%
7
Loew's.
*
Inc
Feb
370
77 "4
770
a33% a34%
235
'
10
a22
50
^52% a52%
a94y8
a96
a30y2 a30l/2
a43% a43%
a48% a487/a
5
a22
;
19%
x
191
5%
Nov
..I, 49
Nov
Jan
15
Dec
Jan
112
Dec
32% May
-
\ 196
Jan
'.
39%
Oct
10%
Dec
25
Aug
33 %
Dec
17%
Jan
24%
Feb
48% July
68'4 Jan
49% Aug
94% Oct
17%
Jan
31%
Dec
80
34%
Jan
38%
Jun
35
39%
Apr
52%
Oct
405
10%
Jan
20%
Dec
33
19%
85
28%
228
10y4
150
48%
20%
4%
Jan
Feb
68%
28
Oct
Nov
Jan
11%
Dec
Nov
75
16
Apr
21
50
29 % Mar
32
3
5,103
H Feb
4'/4
Nov
87
Jan
33%
Dec
a23% a25%
a34»4 a34'4
2%
,
-
18
9
Oct
18%
325
a38V'4 a39'/8
125
32
Sep
41%
Nov
29!/a
25
21
Mar
30%
Nov
7%
210
5%
X; 27%
27'/2
325
19 y4
Jan
29 %
al9>4 al9'4
50
9%
Jan
21%
38Va
Jan
48%
Oct
40% Mar
45%
Sen
71
Nov
18%
29 Vb
47'/2
310
30
a7iy8 a7iy8
30
46%
Jan
Jan.
:*:54%
Jan
19%
9
Dec
Dec
Dec
Dec
11%
1,155
5%
Jan
12% Aug
a57% a57%
20
50 y4
Jan
62%
Dec
25
9%
Jan
14%
Dec
10%
29!/2
a48 a48%
•
Libby, McNeill & Llbby
Jan
6l/2
a28%
Corp——•
Dec
12
161
al3% al3y2
1
*
Copper Corp
X
200
X a5iy2 a52y2
__
;
—•
Apr
__
—
75
175
'11%
12%
270
33%
33%
200
62
Jan
32%
35% Mar
50%
Dec
13%
Dec
35
Dec
18%
7%
Jan
25% July
39
NOV
Dec
41V4 Nov
34 %
,
820
16 y2
Aug
38 Va
Nov
McKesson
18
a42%
a42% a43'/a
30%
30%
350
26%
Jan
31
Nov
Montgomery Ward & Co, Inc..———•
a72%
a72%
a73
105
X48 %
Jan
75
Dec
24 V4
525
Jan
27
Nov
New
32%
32.%
240
22
Jan
35
Dec
Jan
15%
Dec
Jan
31
Dec
Aug
23% Dec
23
,
36
10%
'■
.
—„*
—
137%
al34V«
al7V4 al7'4
——30%
—
of
_~;ai30%
_•
Nov
Jan
"
Chrysler Corp
15c
77/a
18%
a38V4
Co..————_5
Co
Tel
3
1
—1
•
Ry
—
•
Motors
Iron
Mar
a31% a33%
a23%
1
Corp
Northern
6c
29 V*
28'/2
1
'—t—
Share
F)
Nov
■
440
a67'4 a677/a
*
Corp..
X General Electric Co__
51
120
&
Dec
a39y8 a39ya
9%
9%
a35%
X"
a94y8
25
Corp
—
Bond
2.10
10c
K
10'4
Company
& Southern
A
Dec
55
-
114
7
Class
Dec
1.722
Edison
Curtiss-Wright Corp
6%
1,255
114
114
1
5%
:
■:|X:
Jan
May
107 107%
a39'/a
9%
Nov
2c
550
__
Corp
Continental Motors Corp
1.15
s
a38's a387/s
.
High.
2c
9%
1.00
3,000
15c
'
.XX
400
8,000
44'4
12%
12%
a
Electric
Aircraft
Vultee
Apr
50
50
-
1,000
43 V2
12%
X-
!
...—-—10
Co—
&
;
Jan
Dec
50y» Sep
1,000
15c
—25';x 19%
Co
Tractor
Gas
Cons
1% Mar
25c
22%
Feb
.,15%
.
7X7X76'!
13c
18c
15c
7c
.»
100
Continental Oil Co (Del)—-—-——-5
7 Crown Zellerbach Corp_____.^
4—5
3% Aug
Vb Mar
;X;,;
Corp
Service
735
3,000
.
• \ y4
5%.
5%
X
5"
XX ;:
71/4
—1
Stores Inc
1.600
10
■
i
Low
Dec
Dec
9
15c
X;:
11
Pacific Railway Cu
Caterpillar
Range for Year 1945
7
51/4
51/3
95c97%c
95c
Berkey & Gay Furniture Co
Shares
High
Low
.
9
29%
9
2.10
y
,■«-
Corp—17
Company
Canadian
Cities
for Week
of Prices
Las*.
X Sale Price
Sep
Jan
13c
18c
:XX ,' 9
10
Co
Aviation
Borden
,
TRinity 4121
Sales
Week's
Dec
X'xlf
V! ^
Co
Mng
Bethlehem Steel Corp
i
Unlisted Issues
Angeles Stock Exchange
Friday
<
28
-680
3Va
Baldwin Locomotive Works vtc
13
7 Barnsdall Oil Co
...—5
X
—
5%
3,265
X -.909
;
21
2iy2
a32% a32%
3Va
i. Boeing Airplane Co
Listed
Mar
15
;:;XX;18':
26
25%
__
2114
a32%
Refining Co__—-25
Corporation
3
Aviation
Commonwealth
Bolsa
Jun
39%
10
(111)—
Commonwealth
Corp
Nov
767
"
Diamond
Nov
32%
345
a683/a
X;. Commercial Solvents Corp—*
Consolidated—
36%
Jan
245
^..1
Copper Mining Co
Columbia
Barnhart-Morrow
Jan
Dec
31'/a
Stan San Corp.—•_——_*:.X':
—
18
18
100 al8874 a 187% a 190%
F Ry
Atlantic
;
FACILITIES
v.
Angeles Stock Exchange
Co
26%
Dec
:•
47'4
—25
...
Oil
Inc.——4—I
Gold
'«•
1
Borg-Warner
Petroleum
21
57%
Stocks—
Amer Rad &
)
COMPLETE INVESTMENT
Bandini
21-
31
Mining Co——*——25c
1
V
.
Par
30c
Jan
30 y2
,
Ju$
14% Aug
577/8
5
Inc
Imperial Development Co Ltd
7
:;,"v "• VX;x.
Nov
47'4 X 46?a
: 8%
.
2
Air
West
Stocks—^
i
-
18c
11
969
235
Dec
Jan
7c
700
25
Oct
33%
4c
15.590
„
• '
—I
California
Lines
Juneau
H
'
Nov
27%
al8% al9%
25c
—•
Chollar G & S Mng Co—
Cons
Dec
,29%
Alaska
Unlisted
STOCKS—
Dec
Dec
20% Aug
28,000
American Tel & Tel Co—
Los
5y4
liy2
25%. Aug
12c
XX19V*r- 19%
1
Xf' Black Mammoth Cons Mng Co——10c X
7 : Calumet Gold Mines Co.——10c ./
.;
Cardinal Gold Mng Co—_!
1
Dec,.;
10%
West 7th Street
Jan
13
10c
12c
i-.
—
Mining
-
:v
.
210
7/a
18%
130
a25% a25%
a317/8 a317/8
—
7/.;
__25
Rights
Dec
Dec
tName changed to Friar's Ale.
Member Los
Jan
30
C„_
Company
Consolidated
Air
Western
Dec
"
Direct Private
Dec
77y2c Dec
6% May
.100
X
Mar
10Va
100
9
—.
33c.
Nov
Dec
a.*
...
Jan
„■
10
25
Milling
Corporation
Transamerlca
Corporation
X
Dec
Dec
13%
common..—————1
& Wire—.—
38 y2
__
55c
■
•
*_
B
Co of Califs
Corporation
Oil
Sunray
'
Young Spring
50
yi.: Taylor
Dec
17
—*
——
Nov
18
Jun
'rs-
Products
Jun
46
62%
62%
a58% a587/8
gy8
7
—
class
5%%
40 .X Jun
'
Aircraft
Screw
14 Via
Jan
a2&7/8 a297/s
>- r ;'i.v
7;
li
:
4'Standard Oil
-
Walker & Co class A1-—
nravne
preferred
Southern
7
—1
common
.-'-i'
»
6%
.
X
15
Distributors———"—
Shirt
Radiator
S
Dec
34%
100
a34% a34%
„
*
Calif Edison Co Ltd—:
bouthern
v ;
1
U
13 y8
873
16
a42% a4274
;
15
(Cal)
Co
:l'
"7y8
Udyllte Co ————————1,
United
135
42 »4
16
—
_25c
1
Co_;
Dec
Dec
17%
1
——
.
Aircraft
Nov
6%
7Va
—.1
Brewing
Petroleum
Sinclair JOil -Corn—
7
Dec
Dec
14
.
———
Tivoll
Signal
Transcontinental
—————--...^10
Manufacturing
1
Standard Tube B common
Jan
13 Va
*41
„
1
...
Dec
6% Dec
3% May
Scotten-Dillon
Sheller
67/8
13 Ve
—
vxx
I.
34
Jan
—.—w
Dec
1
J
3934
Feb
Jan
——1
Products.
1.75
•
common——
Wolverine
Parker
Apr
'v'::;.:''].'x. '.r'-
Dee
614
29c
16
common.———*,
Dec
12
Feb
common..————1
Corp
Dec
20%
20,670
1
;
Warrants..
Solar
Jan
Park Chemical Co
n
1.65
41
50
;
5
Jan
;J3y&*.JanXX*
1.40
i
3
X;
Oct
1.6O
—10
Safeway Stores, Inc.
?:iv Shell Union Oil Corp.u.^.—
•4 Sierra Trading Corp
:
ZZ'd'-Z
Jan
;
Corp
'/• y.'i'-'i-.'•
■' ;
Xfi; Ryan Aeronautical Co
Dec
'
!
Oil
80c
•
preferred
Richfield
fx.
• ■,
;
Oil
f.'Rice Ranch Oil Co
n
Jan
10
7;7 Republic Petroleum Co common.!
Dec
8 X !
Western
Nov
•••.
20c
25
common
15 »4
6% Aug
100
Dec
200
10
——■
*
45c
75c
—25
Co
"
Jan
75c
25
preferred
13'/s
13 '/a
-
75c
.—*
common.—
common
Lighting Ccrp
5 y2%
750
7%
Corp
%.'!•••
1
Products
& Elec
Indemnity
Pacific
'•
I3l/a
'<
1
1st preferred-—_——1
Pacific
Aug
,••"* -.•.:
Masco
1
Dec
10
«
1st
5%
34% May
*
6Vo
Pacific
:
7%
—
,7.
XyX'X ': X-
8%
—
.
Wines
5%
3%
3'4
————————
Foundry &
LaSalle
Oct
8
v
Lakev
7%
30
^;X.8.!:;-;
8
——X—»
—
.
24
Xs
.
Jan
'
Clay
; Pacific Gas
Dec
14
3%
X'XX
24
,K
—
v<
3,510
,
XX; X:
i.XXX'XXiXvX-
Car
11%
11%
: -v Jan
7
___1
Corp—
Co.———_
Pacific Finance
14%- Dec
Mar
100
6%
common...
Bearing
Motor
Hurd Lock
—;jX —1
common
Valley
6%
•
-.7%
800
400
13%
10%
6%
X
■X
13%
.
Brewing
Graham-Paige
!
X*
Industries—.
Wood
Petroleum
Oil
Pacific
•
Gar
30c
?•:
X Occidental
::
—
—1
vyf:
Dec
6%
Apr
;X1%
600
common...;.
17%
,X
"
6
—
Trailer
Corporation, Ltd—-.—
7 Northrop Aircraft Inc.—
•
9% Mar
•
Nordon
a93% a99V8
a29%a30%
York
&
Robbins,
Central
North
35
132
71
27 %
Jan
Jun
94 y4
33 Va
Oct
Sep
American
North
American
Ohio
Oil
Co
RR
Inc
*
Aviation Inc.——1
al3l/2 a 13%
75
9%
10
a29% a30y8
186
19%
22]/2
150
16 y4
Co
—_—U_—1#
22%
.
CHRONICLE
THE COMMERCIAL & FINANCIAL
100
Monday, January 7, 1946
OTHER STOCK EXCHANGES
RANGE
Week's
Last
Range
of Prices
Friday
Packard
A
Inc.
Pictures,
.50
Phelps Dodge Corp.
Oil
ol
»
&
19%
Jan
32%
Dec
Columbia Gas
V
50
25%
Jan
26%
Oct
Devonian
37
595
36%
Oct
39%
NOV
Fort
580
13%
Jan
18%
Dec
Harbison Walker Refractories.
34%
Jan
57 %
Nov
Lone
63
29%
Jan
35%
Jun
Mountain
►
50
Candy——
Electric
Pitt
28 Va
Jan
42 %
370
13
Jan
25 Va
Dec
12
130
9%
Feb
12
Nov
197
;4Va
Jan
11V*
Dec
174
20%
Jan
25%
Dec
Dec
9%
.10
10'/a
.1
35 %
Jan
42%
Dec
Jan
68 Va
Nov
Ohio
11%
Jan
21%
Nov
.18%
Jan
33 %
Dec
31% Mar
38 %
Dec
Jan
60%
Dec
155
a37% a38%
49 %
90
a59% a61%
a48% a49Va
% 70
39% Mar
51%
50
17%
22%
Fireproofiag
al01% alOlVa alOlVa
73
84%
.100
al42%
a 140% a
.10
Inc—
Aircraft Corp.
142%
51 %
5i%
,
117%
27%
'
53%
5
Nov
13 3a
.1
349
10%
Jan
16%
Dec
11%
724
9%
Feb
12 V2
Jun
7 Va
904
1%
Jan
7%
Nov
2%
Dec
700
45c
Dec
23%
15%
Jan
3%
200
1 Va
Jan
42-/8
44 Va
750
11
11%
11"
7%
;
.1
3
Va
39%
Dec
44 Va
6 Va
Jan
12%
100
V- 4%
Jan
1,500
90c
Jan
64,250
i,pV:.-5c
.
10
Mar
2%
Dec
Jan
70c
M8%
18%
83
9%
Jan
20%
5%
400
1%
Jan
5%
5%
200
1%
Jan
36 Va
37%
35Va
•—
35%
.1
.1
-—
■
.
36 Va
Westinghouse Air Brake.
;...
35%
,
/
30
367
,
'
Dec
Dec
Dec
5%
.1
Dec
23%- Dec
75
2%
60c
2%
■;?
15
■7%
2%
50c"" f ;45c
.7%
com.—
vtc
2 '/a
3%
.10
Glass common-
1
Dec
6
Dec
Nov
6
Nov
27% Mar
37%
31% Aug
•
37% May
Dec
Dec
52%
Jan
16%
23%
Westinghouse Electric Corp com—12%
Dec
35%
Apr
.•' 44%
.
82 Va
Jan
15%
-5
Mining.
Steel Springs..,
Common
27%
2
.1
United States
Dec
Jan '
59%
210
Standard
Dec
;/• 34%
*
Sep
1%
■
a80% a81%
a80%
Corp.
San Toy
Aug
11%
Jan
7'/a
Co
Renner
Apr
18%
.5
Pittsburgh Steel Foundry
Oct
127
Feb
a34% a34% y-Z'i 133
4%
'4%' ,^279
.5 /vVV—/ '
Corporation (Del..).
t98
Apr
Jan
33%
140
175
r
.
Jan
5%
25
Corp__
Oil & Gas.
Pittsburgh Plate Glass new—.
Bolt Corp—
Nov
;
1,125
26%
16
Nov
a21% a21%
—
9%
.10
Pittsburgh Forgings wPittsburgh Oil & Gas—
50
535
National
'
25
10%
.10
Supply.
57Va
31 %
9
Dec
26%
Gas.
Fuel
75
Va a20Va
25
Brewing-
Star
High
145
23%
10
common.
Oil
126
a49
10
Oil-
Lines,
Steel
S
V:.; 175
a59%
25
Air
United
Clark
Pittsburgh Screw &
Pacific Railroad Co.
United
U
Dec
31%
a37%
Co
•
United
19 Va
a 20
Carbide & Carbon Corp.
Union
Jan
31%
Water Assoc
Union
17%
10%
39%
12
352
L)
.
37%
23%
(D
Range for Year 1945
'Low
High
22%
22%
a66% a67 Va
a67%
Gulf Sulphur Co
Texas
Low
Co
a40% a40%
Co
Texas
Tide
Shares
Steel.
Ludlum
Blaw-Knox
a45% a46%
a 45%
Studebaker Corp
Swift
Allegheny
17%
17%
a57% a57 %
(new;
(Ind)
Standard Oil Co (N J)
Stone & Webster, Inc
"
10
for Week
Par
Dec
36 Va
Oil Co
Standard
Oct
24%
37
Inc__
Brands,
Dec
64
48% Mar
a29% a30 %
Socony-Vacuum Oil Co
Southern Railway Co
Standard
36%
Mar
26
140
Sale#
Range
of Prices
.'■^4:
Co
Roebuck &
oears
208
i,
Week's
Last
Sale Price
STOCKS—
a28% a28%
a30 %
of Del
Oil Co
33%. Jan
Dec
Jan
22
17%
1
Seaboard
Dec
17%
:
America.
Steel Corp.
Republic
52%
45
Jan
500
w
Co.
Corp
Kauio
a'61%
Inc
Pullman
Pure
a36%
Friday
Dec
28 % Mar
2
a42Va a42%
a36% a37%
a61% a61%
a42%
.25
Pennsylvania Railroad Co.
Pittsburgh Stock Exchange
12
5%
1,521
10%
■
High
L0W
11%
a53% a53%
10%
Car Co.
Motor
4
Range for Year 1945
Shares
High
Low
Par
Paramount
JANUARY
for Week
Sale Price
STOCKS—
WEEK ENDING
FOR
Sales
Dec
'
L
Pictures Inc—
Western Union Tel Co A—t
Bros
Warner
'.'V'S a51
Westinghouse Elec & Mfg Co.
Willys-Overland Motors; Inc.
W).
Wooiworth Company (F
.12%
a50 a51%
a35% a35%
21% 21%
a50% a52Va
a35%
.1
21%
.10'
557
"60
;V 210
50
115.
32%
31%
•
,
(,i
f
'y
,
37% May
31% July
17%
Jan
25 >4 July
41
«
Jan
50%
St.;
Dec
;;y
■
%''1 <1 ;''V
..Wl*
"SillEdward D. Jones
Established
Philadelphia Stock Exchange
Week'#
Friday
Range
Sale Price
stocks—
-
Shares
Range for Year 1945
Low
High.
Bankers
Budd Wheel Co
Chrysler Corp
22%
,
Curtis Pub Co
21%
21%
common-
fee'517%
St. Louis Stock Exchange
New York
10%
25%
.
;%92% Jan
Dec
9%
Jan
16%
50 Va
51%
Battery
Electric Storage
74%;
General
Motors
Gimbel
1,666
23%"
51%
Brothers
59%
g"
304
V
Jan
24%
55%
Nov
.77%
IB'
St. Louis Stock
Nov
Dec
43% Aug
140 Vs
r
21®8
59%
/
Jan
62
1,650
74%. 75%
:
15
15%,*-:
12%"' ;i"
720
10%
11%
"
'790 !
12
:
6%
'
1,280
.
12%
7%
;
;
Jan
60%
'
Dec
Jan...
Jan '•
8%
•"
41%
42%
"•
23%
23%
*
72
41%
42
5% Jan
2,743
Light.
Penna Salt Manufacturing
Philadelphia Electric Co common.
;V
3,510
Pennsylvania RR
7%;
&
Power
27%
Philco
Salt
Co
t
>
27%
common.
preferred
.
.
28%
Oct
31
Dec
v; 122 v
,
(
27 Va May
33
44®a
Dec
19%
36%
29 V8 Mar
Jan
149
Laclede-Christy Clay Prod
Laclede Gas Light common
Jan,
46%
:
Dec
:•
Laclede
57%
57%
70%
;
8%
71%
10%
Jan
National
61%
Nov
St
73
6% Aug
:. '"••• 43
Steel
,,,
Nov
8%
7
Candy
Apr
14% Oct
-
Nov
-52
...
10
.
July
8
Mar
Jan
21V4
Dec
';V; 22% Jun
! V 23 Va Aug
40%
Dec
24
Jan
13V2
'
110
45
■
115
Oct
Dec
40
•
50
16
Apr
27% Dec
25
27%
28
50 ,V
,
High
Jan
■
22% Jun' M,,34% Oct
:
47%
Jan
66
220
f
75
-.
1% Feb
23
*
-
Nov
7%
55
Jan
-
i
Dec
Dec
i 39 % Feb,
\ 10
com
Oct
Sep
7%
j43 % 43
45%
18%
43%
Dec
•17%
com
Jan
25
17 V4
common
Portland Cement
Mo
8%
::
.100
common.
Dec
32% Mar
.100
15
115
27 V4
28
7%
-
''48
60
127
27%
114
.1
86
V
21%
44
220
38
27%
;_10
Hydraulic Pressed Brick common.
Preferred
"8%V
37%
;
27%
,100
Brewing commonBrewing common.—
Park
International Shoe
Jun
'
150
•
45%. 45%
Corp
Oil
Dome
Vv
32:k<?::;7 # 856
44 %
?. V; 333
31%.
29% Nov
Jan
20% Nov
116%
Hyde
•21%
21%
185;
;
33%
32
38
.4
common.
Preferred
Nov
Nov
2L''
;;;
50
;
46%
49%
common
■33
Low
13%
50Va
8%:
.1
common.
Electric
Falstaff
3,488
1,503
43
Corp
2nd
28%
28%
118Va 121
Jan
37% Mar
32%
365
27%
preference common—
4.4% preferred
Phila Elec Power 8% pfd
$1
Reading
—5
Brewing
Pepper
Emerson
Nov
13%
-10
Range for Year 1945
V Shares
High /
50%
13%
.50
preferred
Columbia
;
17% Jun ',
Jan- ; PM 14% Nov '
8%
Range
of Prices
Low
.1
common.
Century Electric, Co.
Coca-Colh Bottling cobnmon.
,;;,17^J)ec.V
r
Inv
Sales
for Week
■
Sale Price V
Par
American
Dr
Pennroad Corp
Penna
;
*
Exchange
Week'#
Friday
yVj. Last
STOCKS-
o'c
Lehigh Coal & Navigation—
Lehigh Valley RR
—
National Power <Sz Ltght-
'
Curb Exchange Associate
Dec
24% Oct
V;,
959
22%
i
Dec
Dec
24%
86
Jan
192
22 %
.
"
Jan
60
Dec
'
Vt;.
Phone
CEntrai 7600
Bell Teletype SL 593
.
Chicago Board of Trade
'
$
.13%
Light.
Power &
Delaware
St., St. Louis 2, Missouri
35% Dec
„
Jan
10%
21'
v
,
Co
&
1871
" 196% Nov
;
£<24% Aug
895
....
130% 133%
131%
I
23
28%
Jan
Jan
24%
22%
17%
157Va
.385
84 %
j
22%
*
620
:
34%
83%
23%
<E G)
Budd
33%
33%
Works ▼
Securities Corp.' pfd_:
Mfg Co common
Baldwin Locomotive
4th
York Stock Exchange
Chicago Stock Exch.
High
;
1,116
;
187% 190 Va
188%
:
Tei
28%
27%
28%
Stores
Tel &
North
Members
New
~
American
300
%T
for Week
Low
American
'
:
-
Sales
of Prices
Last
,
-
'^i'/
Jan
30
20-
common
Dec
Nov
Dec
35
Aug
Paper common-
Oil
,,
3%
Corp
Invest
•:
:
4
4
Feb
57%
Jan
437
1%
3%
Preferred
42%
.134
3%
1%.
Mining
Tonopah
Transit
12
::'V7
4%
1,275
w-.
1
,
100
Jan
%
V
;
.
2%
Corp common.,
47%
Jan
24%
90
38%
Jan
1,414
V
48%
23%
preferred
$3
United Gas Improvement,
1%
•
13%
Jan
;
.
,
Nov
5%
21
Dec
27%
Feb
65
Dec
10%
Jan
18
Dec
Louis Pub
Stix,
Serv
Steel
Sterling
Nov
4%
ij:7':i% Jan
1,573
Jan
Scruggs (V B) Inc common
''V'7 4% Nov
Apr
-
United
=
11%
Scullin
Scott
Sun
■*
::
cl
A
com
common
Aluminum
11%
50% Nov
25 Va
Nov
.
'Last
STOCKS—
St Louis Pub Serv 25-yr conv
inc_
Sale Price ;
STOCKS-
,
Power 8t
Abitibi
6%
7%
Paper common.
Acadia-Atlantic
V
common.
lie
Ltd
of
1.70
Dec
Mar
96
Dec
105
140
;
■
Jan
17 v
440
180
Aug
Sep
107
;
He
;
"rP.r 75
V 1100
>104
99
7%C Jan
/
28
,
19%
110
Feb
Dec
20%
14%C Aug
30
1
Nov
600
-21c
V 9,500
12c
Feb
21c
Dec
9cl0%c
242,200
77/aC July
20c
Jan
49
54
123,000
24%
v;246
129%
130
V
■>
;
1.25 Mar
2.35 May
38c
Dec
14%
Feb
23
Dec
95
Feb
134
Nov
100%
Jan
107
73c
.
85
Jan
50c
Dec
.100
—
_•
1.30
1.15
10%C
pfd.
10%C
11c
320
;; 7.60
Jan
11 Va
Dec
30c
25c
30c
108,000
20c
Dec
32c
Nov
63c
65c
5,500
58c
Sep
96c
May
106 106%
:
,
1.35
100
41,385
1.30
Gold.
—
19%
17 %c
20c
/ 3.000
9%
9%
9%
2,425
-lo'o
16c
:
9 Va
May
10%
Dec
99 %
99
Mining
2
2%
1.964
48c
55c
106,200
10c
Jan
85c
92c
8,800
27c
Mar
50c
Armistice Gold
99
"2
90 c
Mines.
45c
201
99
1.75
27c
Dee
49c
"
—
Bank
of
Bank
50,900
V'
28,667
Dec
2Va
59c
1.40
22%
34%
10%
:
High
Jan
63c
Jan
.
22%cApr
34
Nov
20c
24c
19,500
20%
21
45
7
7
1.47
class A.
1.45
1.54
Class B
;
22%
620
3
200
Dec
34%
27% May
12 %c May
14
Dec
34
Apr
26% May
30
22c
«
16%
510
34
21
Toronto.
Power
22
33%
.10
Base Metals
Bathurst
22
34%
.10
Scotia.
Nova
of
>
.10
Montreal.
Bank of
Bear Exploration
&
Radium.
Beaulieu
Dec
24%c Mar
Jan
20%
Dec
Apr
7
Dec
Jun
2.35
Feb
21,229
V 1.24
Oct
29%
Feb
40
22% Feb
30
1.65
39
39%
135
32
250
,
63c
63c
69c
.100
182
182
185
268
.1
14%
13%
14%
2,750
.1
Mines.
Quebec
&
>
11,800,
,
53c
161
J.90 May
Dec
15
Oct
1.62
Jan
1.35
16,300
35
36
120
77 %c
76c
80c
37c
45c
14
14
100
12
12%
94
Jan
12%
56
56
10
50
Jan
55
35
35
50
26
Jan
34%
1.25
1.30
._5
Sons—
.1
Gold
Sep
Nov
185
Jan
9.50 Mar
90c
Va July
82c
Dec
43c
.1
Berens River Mines
Bevcourt
44,200 K:
>> 1.22
32
Yellowknife
Bertram
:
31
39%
Bell Telephone of Canada.
Belleteire
•
1.45
1.45
Beattie Gold Mines Ltd
Beatty Bros class A
Bidgood Kirkland Gold.
Biltmore Hats
Blue
Ribbon
common-
.50
Preferred
Blue
.1
> 13c
37
Dec
Dec
18
Aug
11,000
72c
Dec
62,777
30c
Apr
Mav
Mar
14% Nov
1.46
Jun
Oct
Nov
'
'.1
.1
20c
Range for Year 1945
Low
53c
17c
•
19c
-
Shares
High
48c
.1 '.; >1 50c
-l't
Mines.
for Week
Dec
Dec
1.75
VW 22
Argus Corp, Ltd common.
4%% conv preference.
Arntfield
52c
130
Mines
Gold
V> 7
44
20%
:
2% Mar
; 5,396
,
180
V
High
20c
common
Canada
11,490
Low
1,70
9%C%:
Porcupine
Warrants
28
Mines
Consolidatad
Class B
■
Anglo Canadian OilAnglo Huronian
Ansley Gold Mines..
Arjon
172
20 y4:
Dec
•
Range for Year 1943
V
99%
28
Copper
Aluminum
Area
93
103%
common.
Alger Gold Mines—
Algoma Steel common.
Aquarius
99
20%
AJax Oil & Gas.
Alberta-Pacific Consolidated
Aluminium
Shares
High
8%
Oil.
Agnew-Surpass Shoe
Aldermac
Bankfield
7Va
.100
Gas ,&
Acme
Bagamac
Range
178
Sugar
Preferred
Sale#
8%
preferred
preferred
Low
Par
for Week
Low
123
Sales
Week's
Range :_y
of Prices
Last
Exchange
of Prices
■;
Sale Price
Feb
MARKETS
LISTED
Week's
Par
Nov
BONDS
r
Canadian Funds
Friday
Dec
49
80%
Wagner Electric common
Friday
4
Nov
34
Jan
.•
RANGE FOR WEEK ENDING DECEMBER 28
V,
•
21%
Jan
35
Dec
CANADIAN
Toronto Slock
Jan
13
common.
Baer & Fuller common
Top
class
B.
10
7%
Nov
Dec
Dec
32c
Jan
Mar
50c
Dec
Jun
25 %c
21c
27c
88,800
12o
Dec
Bonetal
Gold
Mines
43c
43c
50c
30,Pno
15%cJan
Dec
Bonville Gold
Mines.
30c
29c
30c
3,000
27c
Dec
67o
36C
35c
37c
5.UOO
30c
Dec
67c
Sep
18
17%
18%
•780
14%
Jan
19
Nov
Juh
Dec
Nov
Oct
Bobjo Mines
Ltd-
Boycon Pershing Gold Mines..
Bralorne
Mines.
Ltd.
.
14,650
28c
Aug
62c
Nov
14
14
100
8%
Jan
13%
Ashley Gold
Quebec Mines.
13c
I2c
13c
18,200
6%c Feb
21c
Ma;
26%
27%
4,700
22%
Feb
28
Dee
74c
84c
251,700
15c
July
95c
Dec
Brewers
14
13%
14
470
8% Feb
14
Nov
Athona
Brazilian Traction Light & Pwr com__*
&
Distillers—,
5
26%
78c
35C
33c
Dec
45 f
"Nov
British
American
Oil
28%
40c
40c
50c
3.400
40c
1.03 May
British
Columbia
Packers
62c
59c
63c
167,900
35c
74c
Astoria
Atlas
Mines
Yellowknife
Mines.
Aubelle Mines Ltd
Aumaque Gold Mines.
Aunor
Geld
For
36c
50,600
T.27
page
1.25
1.32
31,600
4.60
Mines
footnotes see
50c
4.55
4.90
11.800
30c
Dec
Mar
88c
Oct
Jan
1.90
Apr
3.60 Jan
4.75
Nov
Brantford
Cordage
•
28
■
common—*
British Columbia Power *class A
Class B
British Dominion Oil—
-
*
»
28%
Dec
28%
2,045
23% Aug
29
Dec
38
38%
115
25
Apr
38
Dec
505
20%
Sep
30
Dec
28%
5
4%
42c
40c
29
-5
49c
975
53,200
5
2% Sep
33c
Sep
,
Nov
73 %c
Jan
V\
105.
/
Number 4453
Volume
THE COMMERCIAL & FINANCIAL
CANADIAN
RANGE
Week's
Friday
Last
of Prices
••
Gold
Mines, Ltd.
Buffalo Ankerite Gold
Mines—
Canadian
Gold
Red
23,700
59c
1.35
1.55
4,500
95c
Jan
Mines.
35c
45c X
'rl 23%
595
40c
17,197
8%c
'
49,650
18'A
Jan
24
510
6 Vac
4,500
23%
■
5c
Xy13
class
: 13
A.
13Va
22 y4
22'A
13'A
Co
Class. B
13%
10'%
'
Jan
Calmont Oils
Campbell
Canada
4%
1.70
X
Power
Jan
2.45
24,300
45c
56c
23,550
2.70
10,000
6'A
7%
2,985
5
Oct
7
:
Nov
78
78
20
63
Jan
78
Aug
102% 102%
20
101
Dec
102
.50
1
.100
Mdlting—™
Northern
Canada
Packers
Class
Jan
.-
2.45
20 %c Aug
1.70 Sep
Power.
131
56
56 %
XXr. 14
A.
17%
—
Canada
Permanent
Mortgage.
Canada
Steamship
common..
.100
118
Nov
2.70
,
Giant
Dec
265
1 522
30
25
70c
;770
42,475
4.90
5.35
5,950
14
15
Gold
common^
15
Steel
Wares
common.
.100
.
105
:
■
*
Apr
7%
,
-
Jan;
32'%
12%
X158 %
18
X
Apr
Jun
36%
.
11%
Jan
47 3A
47%
X 48
393A
X 34
Preferred
.••X. 64
70
Apr
-50
Canada Wire class A.
Class
,
B
..........
Canadian
Canadian
1st
preferred
'■Conv
Car
i ;
28c
24c
Eagle
Mines—
Goldhawk
<
-1
V-
'
76c
257,275
33c
22,500
21,900
16,800
75c
;
93AC103/4C
Pdry common™
—X_—.—
preferred
Canadian Dredge
(
'
.
Canadian
Food
common
18'/a
X 34%'
Golden
Gate
90c
12%
: ■X;
25
28
B
com
37
,
19
X'; 465
1,168
X
;
Oct
19%
x: 655
16%
22%
13,050
Canadian
Malartic
XX
Dec
Gunnar
'
^X
/XH-
38
.38
1.20-
38%
115
.%
,
;.X190
,
.7,975.
125 X
X
Mar
16
70c
;
..
Halcrow
Oils
Preferred
VX " 14
150
—
X Canadian
Pacific
Ry.
Tire
Rubber-
27%
Canadian
:/ Canadian
&
Wirebound
^
14
1.35 Jan
150 ;•
.
22%
27%,;.
25%
.'25%
Boxes-*,^
150
■'PyX. 25
21%
27%
.
.
"•''■r:i4'
1,635" X X10%; Oct
■
28.
20'A
50
■XV;;
Jan
Trethewey
Central
Patricia
.1
Gold
Mlnetu.
.1
Central Porcupine Mines*-
Centremaque Gold
Chartered
Trust
„lX>X
1.95
2.85
100
3.00
30c
34c
43c
48c
21,000
X- 3,700
121
125
10
.
hV-,\'
7%
50c P'
Chromium,
Mines-;.—-*——
Circle
A ; 1-73
X
1.50
Knitting
-
7%
42c
«52c
1.73
"
1.80
1.35
12 %c
Jan
41c
Dec
'
105
30
X
Ltd—
4
275
Rock
Harricana
:'S_?
1.50
5c
X
Feb
Malartic Mines——s.-—
Cochenour
.
Willans
Cocksnutt
Coin
-
Plow
Gold
Mines.
5.00
.
XX 17%
X
Yellowknife
.1
Mines
\ ;
Gold
51c
Cosmos
25c
.
Jan
43c
.
5
V Hinde
63c
50,000
99c
Nov,
1,200
23c
Jan
51o
'X 15,300
&
2.51
200
2.05
7,727
Xixaxv^xxae
79% >XX 78
Mining &; Smelting.
157'%
■
Howey
Oil
X
Gold
Hudson
4
;
80
18% Dec X
Huron
X
22'%
—
15%
4.30
49
142-
■r"
28%
28%
5
58c
62c
;
10,595
9,195
Mining..
V^oroinor Pershing Mines—..
,
60c
...
$j>. 1.60
Crowshore Patricia Gold.
1.55
,
88»%c
1.60
87
f.-
10,000
v
v.
Oct
14%
22%
22'%
225
18
Jan
23
Dec'
15%
16'%
2,212
16
Jan
16%
Now
X
9c
4.35
•
31c
9c
.
10c
».
35,440
28c
!.
V" 29,TOO
38,005
4.10
r
43c
63c
X
38%C
-45c
1.65
60c
125
,
r
'
•
'
a
<•
38
21c
»■ 39
4.20
.
Jan
Feb;
4.65 Nov
„
i
Mar
25C
350
23c
11,100
95
110
18
53
45c
V 22 %c
common.
preferred
Inglis
Nov
V,
X
Dec
i
XX:
x
95
95
.'XV'.;
10
7
it
■*:
51c
:
1.09
Apr
Apr
34c
Jan
V 54C
Oct
Jan
39
Dec
38c
Oct
30
""
Dec
20c
85
n?
:*
94%
Mar
X
Jan'
15%
16
X
910
*
Lake
67 c
(John)-.—
18
,
Nov; i
Dec-.i
'
.
26,500
4%%
Apr '
16%
Novi
v
,
1.05
NOV
,
•10
Aug.;
1.40
class A
ADr
T03
'
31'% Jan
20% Nov
Petroleum—*;—
Internation .1, Uranium Mining.
X
-Dec
m
Jack
l
37c
20c
42c
Sep
Waite
X
a
.!? :£
.
,Jan
Jacola Mines
....
..
Nov
Apr
44c
.
Jan
8,333
43
Nov"; |
24% Mar? |
3.55 Aug X
"
;v
Jun
•90c
Jacknife Gold
•
-
'
32'% Nov
'X'xy- .Xv- "V'X*
Oct
2.10 Jun
Jun?
14
1
preferred
■
Dec:1'
26%
"V 13% Aug
International Nickel Co Common
r:XX'1.92'Mar;;,X 1.14 Oct ;
X;
X; l\
Feb
Jan
.
& Devel
75c ' Sep
;
18%
15%
11,892
14
?
*28
,
Nov
177/«cMay,
27 %c
,
Oil—
International Metals
X,:Vl-60 MarXX?
:
Jun
XX 60c
Apr
8
3'%C Jan
r 12,700
X XV; 3,325
**-38 ■■■!
63c
Mines
Erie
&
Indian Red
i
Jun. X
16%'
Jan
Dec
1.30 Oct
12,200
4,500;
90
■1.65
Aircraft.
23
:XS?52c
Nov
44,000
Y'f International
Imperial Mills.
Dec
70c
i.
■
May
X,:156% "Dec
1.00 Jun
,
Dec'
Jan
59c
Imperial Tobacco of Canada ordinary.5
83%
Aug
147
M-i
1.35
Oct
2.65
20c
X Imperial Bank
2.80; Dec
Jan
1.25
96c
2.58
11'%
30c
.
Gas_
&
Bay Mining & Smelting—
%■ 20%
Nov
2.09
x
May
605
'
43'%c Jan
4,200
11
Hugh Malartic Mines—_
-
X: 27c : Sep V
XV
1.45 Jan
14
Dec
i
Apr
85c
1.33 Jan
X;,
:
175
16%
156% X. 158
•
1.25
,
2.52
2.00
::
Apr?
2.50
26c
116,150
Oil-
Dauch——
Homestead
1.47 Nov
,
Jun
35c
65c
55c
Scarcee
V; Horned, yellowknife
I,
Feb
84c■-
60c
,
Nov
X; 5 "■ Apr X
-^Apr
r
23c
Dec
22c
1,300
2.50
Nov 'tX
6.50 Aug
12% May
...
X
5x .?
-
Mar
20c
Mar ;
-■
2.42
75c
Jan
Dec
14 v Dec
1.17 Dec
'/
54'Ac Jan
Inspiration Min
,'Cournor
Cub
•
Sep ;
1.25
■
48C
2.51 X
Conwest Exploration
v
285
.
2.94
.
13,386
30c
Xx 2.05
Consumers Gas (Toronto).
;
10,725
XX:, .5
1.10
•
•V Consolidated Bakeries
•;
',XX25c
11%
Apr
5%c Jan
Mines
Hollinger Consolidated Gold Mines
Xflome Oil———,
' jl,50 Jun
,
Highwood
'fe'22' ;XNovV'i'
14'% Jan
-
;
5.25 Nov
68c
a
Mines-
V Heva Cadillac %
Imperial
Mines.
Consolidated
5.20
t 18
60c
Mines-——
Comaurum
X 37.000
70c 74%c
1.15
Commonwealth Pete
Pi Coniagas
"29c
.17%
%:X' 5
Mines.
,XXX> 50
4.85
common.
Ltd.
19
19
X28c
% 74 %C
Terminal
Colomac
■.
28c
f
Co.
Commoil
.19
X-
;
Lake
Collingwood
*
•;
Apr
Aor
15c
.1
6% Apr V
.X
Gold
Hosco Gold MinesBar
"Apr
24c
Jan
6'A
-
Dec
15% Dec
Jan
3.10
—,
*
-Citralam
54c
Apr
3c
Ltd
Feb-
5%
Jan
Mines
Mines,
Hedley Mascot
Aug
60c
,,*■
14%
51% July
Nov
8%
Headway Red Lake Gold
Nov V.J
,r; 8
;
Jan Vi
1,10 Dec
1,740
.
V
•
Mar-.
1-56
a 1,882
%
Dec
1
X'
Nov
120
Mar
X" 41,900 XX,^5C
15%. Dec;',
40% Dec.
22 %c Jan
Hasaga Mines
Nov
X; X-': 49c
'■;)l v 65c
Feb
Apr
;DeC)
NOV
1.00 Jan;';•';Xv, 1.99 Dec X
1,99 Jan, ..X."V 3.05 Nov ir,
'
6,800
31C "•"?
Sxa25-X
-
Chesterville Larder Lake <Jold Mines
,X
X 3,900
43c
*XX-i
Research
1.80
3:00
Mines.
Chateau Gai WineB—
ChemicaL
1.80
?
42
.6% Aug
46
Oct
Bridge
Harker Gold
Jun
V
Apr
4%
Mines
Mar
23c
16
26% May '
5
Nov
17c
Jan
4
common
Sep;
Mar
57
Apr'-
11c
common
23c
new
Gold
x
Jan
4%c
vtc
111
Apr
53% Mar
Harding Carpet-
,
"}-X
Jun
22 %
.
90
30
Mines
Hamilton
Dec
165
Jan;
:irtJ5% Jan,::
15
.
Dec
X'if 11%
14,221
.
Jun
105
Heath Gold
Castle
*
13
150
22%
>
-
.
:
X.''
/
10c
Swayze Mines—
Halliwell
Hallnor
Hard
Canadian
Jan
k.:
--Oct
40
v
,
3c
Gypsum Lime & Alabastine.
20:;X;Sep XX
Jan
Nov
i'X'
•
X
41c
Rubber
Paper
Gold
Dec
Dec
Saddlery com..
—X--—...
Preferred
Dec
2.25
Jan
28c
5,000
&
Greening Wire
22% Dec f
Feb V :
X ' 18% Dec -X
6% Apr
X 3,380.
.
42c
81 %c
—
Great West
VX
' ' Dec
! Sep
14% Nov
_
Jan
Nov:
4,000
**_
Preferred
X
Dec
61
;X: 32'
...y
9c
Oct '
95c
90c
preferred
Common
|:;
?a:'6%
18'A
Vtc
Oct
I; 41%
Jun
July
Mining
Great; Lakes
■
35
Sep
19
•
-17% Dec
;r
Oct X'.
% May.
10
19%
-
Locomotive
Nov XX
Apr
20
'
———-w--—
Canadian
26%
Sep.,-'
17'A
Alcohol
Oct
45'%, Jan
19%
industrial
Canadian
Class
X-
305
12'%
12
X
23'%
10
'
215
.
41%
X
24 Va
common.
\
Apr
27%
2,390
61
Nov
X 24
65c
,
Oct
Mar
14c
26c
Graham Bousquet
Grandoro Gold Mines-
,
X 24%
Feb
May
Jan
7,000
-92c
_
Goodyear Tire
XX'Preferred.
X
•:
173A
,<
Mar
1.20
,
13,100
?
Mining-
Mines
Goodfish
,
Jan X :
23 Y2 Aug
125
Goldora
Xi'
'
Jan
15'A
X;'; 305
35
*
41%
———™
20'A, Dec
390
19
"v
60
Y2---XY;*———r .100
Products
|
17%
v
.
60% X'
X","; Class A
X
X 26%
.-25
—
■
8
4c
;
Apr
35c
Sep
Sep
53,900
65,350
92c
Golden Arrow Mines
'
•
Sep
14
19c
26c
Mar
1
85c
Jan
27c
„
Dec.:
3.00
-
10
1,300
Jan
2.00 July
9c
Jan
10%C
X
Jan
11%
3%c Apr
.1
>
5%
Oct
6.50 Mar
17,500
70c
Dec
Jun
9,405 :
23
26%
X.
86
21%
2,208
12,100
57c
Dec
48
v
Mar
i9c
28C
.28,
■;>
196
"X
22%
26'/a
—...
.
—
.Celanese
/vy $1.75
!
22%
X
J.;,,. 22 22%,
&
New preferred
Canadian
-
23 %
preferred
Canadian
;.,v
.
Y. X/9
9%
X 18% X 20
X 22%
23%
19%
6
Breweries common.
Canners common—-
"anadian
9
■
;
Dec
Dec
15
3.00
<
71c
.23 V; pct.v
,85
.
X
26%
Bakeries common**
Bank Commerce X
"Canadian
.
105%
109%
13c 14 %c
-14c
Golden Manitou Mines
■;
15%
May
May
10%
97
i8c
18c'
.X
74c
Oct
,
182
Jan%
/
-
Nov:
Apr
102
,
35,
2,50
2.50
-1
29c
XjX.
18%
XV
6,496
.1
XX;
181
18'A
July
4.40 Sep
8.05
.1
Dec
,J
:;X:.180
Nov
Nov,
9.25 Feb
95 %C
52c
7.70
Lake Mines Ltd
Gold
X. iX18% Nov
Jan
181
18%
X
Dec
32
8.00
Goldcrest
X.-X
19
.
33%
320
Goldale Mine
'Nov
XV
Jan
Feb
20
Yellowknife Gold Mines.
Gillies Lake-Forcuplne Gold.
Glenora Gold
12% Dec
.
"
X
37
17%'
6% July
3'A May
24 3A
19%
Class C warrants-
X 57 X Sep
.
;
Dec
21
19%
Oct
..
135
,
19 '%c
Jan
10
162
105 105'%
108% 109'%
.100
Nov
16
Feb
48%
17'A
X 36
X
—-<
6
32%
31%
Hign
Low
5'Ac
Nov
56c
9'A- Apr
15%
X;:-
class
B
5'%
31%
5.15
A.
preferred
5'% %. preferred X-——-A
God's
15
131
15
Preferred
Canada
162,000
Dec
common-
X
23c
72c
class
■5 To
Feb v
15%
2.45
•2.15
46c X;
'
Canada Cement common.
Canada
Range for Year 1945
High
16c
Co
Gatineau
•
24
1.
20c
Exploration
7'A
XX
B
preferred
Low
1
30
Canada
Frobisher
2.55
2.31
Lake
Bread
Class
:
;
—-
Red
Shares
Apr
13'% Dec
>
of
Francoeur
Dec
,
10c
Oct
Co
Foundation
-
Mining-...
Dec 'X
24
Jan
17%
10
15
465
Kirkland
General
Calgary & Edmonton
....
for Week
Aircraft
Ford
May
60c
j
Fleet
Dec
65c
3'Ac Jan
525
,,X
6.70
5.05'May
Federal
Sep-
2.45
Nov
50C
Feb
78c
Jan
40c
*•:
X 44C
6c
Steel—™
6.35
6.35
39c
X
Producisr
&
Sales
Range
of Prices
Par
High
;
Sep
Hill
Burlington
:
Lake
69c
6-35
Mines—.—
Burns
;
Low
66c
1.40
Buffalo
Building
STOCKS—
Range for Year 1945
66c
Mines.
Buftalo
/ Bunker
^
.
Week's
Last
Sale Price
iriday
Shares
„
'V Broulan Porcupine
Bufiadison
i
4
for Week
•
Hiah
Low
'
MARKETS
WEEK ENDING JANUARY
FOR
Sales
Range
Sale Price
STOCKS—
LISTED
CHRONICLE
13c
<
-
.
}
Davies
Petroleum
Davis
&;;#<18c
Denison
28% Sep;
475
11% Aug
•
2.02
1.92
2.04
8,200
1
Red
Lake
Mines.™
1.79
common-
Jan
Dec
r
XV 31% July
X Jason
|
21c
.
*
-
Mines
101
Mines
Dominion
*
56,550
97% 104%
77c
1.15
2,000
1.90
1.75
6c
'
78C
Ltd.
14
Dec
Jellicoe
J
Dec
2.07
Jan
3%c Feb
|
42%
Feb
>•
Nov
XX 104
Kayrand
31%
Nov
X
'
Co
Preferred
24%
13%
24%
Dominion
Dominion
com.
Magnesium
Scottish
Preferred
31%
X.
Inv
—
;.X 8
com—.
—
,'
———-,™
Steel class
B.
Tar
Preferred
Dominion
360
XX: 175
25% July X
,40
18
;
11% May
.
:
9
10
XxX
Feb
X;
io
24%
Dec
•16'/2
Nov
&
28% Sep
•.
21%
110
-■13
14'%
25
35'A
,
7
common.
Mines
Duquesne
Mining
Co.
Mines.
•
Dec
Jan
14
1,800
Dec
East
Crest
1.65
40c
46c
42,300 X-1
40c
Dec
69c
41c
14,100
36c'
Dec
39c
21c
-'Apr
X
Mines.
Steel——.
3.60
Lebel
[
Class B
60,000
30,774
3.55
:
3.90
X\''X 8c
2.26
Sep;;
X
Jan
7,350
40c
3.05
6.75
50
51%
2,205
14
Apr
1.38
30,200
53c
Apr 'X
Xl.36
1.33
1.45
72,700
16c
Jan
May
May
51%
Apr
1.25
X;
Mines-
—
34
—25
Falconbridge Nickel
Farmer
Grain
Candv
29'%
34
425
12
-
12%
150
10
10
24
;
23
July
4% July
: 8
Jan
5.70
——
5.90
1,690
48%
35
July
5'A
49%
7%
285
6'%
.100
5.70
49%
Shops.
common-
22,737
3
Jun
96
90
99
620
65
Apr
.
4.30
25'A
Sep
2.35
Jan
1.05 Mar
Mines
13,000
1,330
•
Jan
XX
Oro
>X
Jun
24 %c
17%
Jan
25%
*
V
'
V
>
Jun
5.70
Jan
7.25
Jan
385
15%
Jan
'''■ V
9.15 May
9c
:
Jun
12.200
XX 3c
16c
26.850
43c
43c
■X.
V. 20
.
1.55
Jan
Sep
48c
/,,
:
Nov;
...
10c
Jan X; :•
1.15
:
Oct
Apr
55c
15% Aug
8,300
23,600
20%
22c
Jan
25c
815
_
,
Apr ( j
Dec ?.
6.15
70,500
Mines. Ltd
Gold
Jun X
12c
15,400
Candy
;
Dec f
1.76
1,900
Mines
Gold
Dec
8.25
X
1,850
Lingman Lake Gold Mines
V
Loblaw
1
X
Dec
1.72
Nov
3.10
10.
11
»
Oct
X i
Apr
; 1
Nov
Jun;f>.
91'
Nov
2S
...
30
Nov,]:.
28'A Nov
Mar,
,
;
(Marcus)
..':
Theatres
Goldfieltis
Lynx. Yellowknife
5
12,80o
.V58
;',"89c
'Jun
Jun
SO
;
Dec';:
X, 2.09 Mar,;
X 30c
Dec X .X 80c ;;
f •■'•V'-vX''' 'jvVX:.
10.325
:
3.85 hnn
5.25
'39,480
• 3.15 Dec V
4.30
14,170 X v 2.25 Jan yX','. 3.75
Gold
11,400
_
Mac-Donald
„
.
Mines
MacLeoe-Cocxshutt Gold Mines
Madsen
Red
Lake
Gold
18.389
Mines.
Malartic
Manitoba
Maple
Gold
&
4%c
———
Leaf Gardens pfd__
.10
—
90c
"90,720
3X0
3.40
Fields
Eastern
84c
85c
Magnet Consolidated Gold
;
1.86 Nov,,
3.00 Dec;,
-
V:....
X
Jun
,;v-
Dec
Dec
Oct
-
Macassa
'Nov
6%'Nov
'■■"•■'•
Louvlcourt
6.50 Nov
54
A
V
Sep
30
'
Loew's
'
class
Sep
17,465 X "
1.22 Jan
'.:'
575 "" t
26 % Mar
Lac Gold Mines Ltd
Groceterias
Class "B
:.'.;
:
„
.12%
—.
Life
•
Sep
2.40 Apr
,
1.30
—
Preferred
13c
2.95
Gold
21%
8,875
9,400
_
Mines,, Ltd_^_
csecord
Lexinden
'
English Electric class A_
Equitable
lie
2.70
;
XX 51
Gold
Gold
12c
2.95
Sullivan
,
Dec
49c
Jan
Mines
Luz
Little Long
Oil.
East Malartic Mines.
Eastern
: Jan
AUgf
2.20
Jan
14c
x. 1,110
Fortune
Laura
Dec
VX. 22c
2.25
Mar
1.00
18,130
Lapaska Mines
Dec
40c '
Amphi
East
1.47
42c
15,067
50c
150
Dec
101,550
Mining & Exploration
Shore
La
2.50 Mar
*1,50
1
I
R9ft
59c
TTrk/aXX,--.-''
28c
Oct
Jan
7%
98c
90,425
|
4,465
•4
Lamaque Gold Mines—
X'? Lang & Sons
;
Lapa Cadillac
-Dec
"111
Apr,)
1.40 Dec
Jun
.-i
■
Nov
26
•X;
18°
Dec
5
24
jff
x 108% Feb
XX;
8%
40c
Gold
12 %c May+i
Jun
t
Jun^f '-J
18
* Apr' XCX
29% Jun
11 '/a Jun
,17'A N°v
^es
*
(John)
Lake
X
X; 46
Nov
Mar ' .«••. X; 15'A Dec
13
:
X
OOa
-r
Townsite
Labrador
July
Apr
'
X no
•
.
:
5,266 X-X
13%
1.63
'XX 7 •: • NOV
X'X 2'A Apr
"
110
11.45
40
25'%
13'A
——100
700
22%
25
1.050
X'X>:
rrr\/\
1
Gold Mines.
Lake Dufault Mines Ltd..
' V:'V 32% Dec
Apr
55c
Lake
X> Labatt
Jun
25
X
835
•
common—*
X—
-
Woollens
14
'22%
Chemical
60c
:
Jun
13'A
32
..
316,464
;
62,500
Kirkland
•
Lehch
Donalda
F,^vnny
'-VX 7% XxX 8
X.;. 4% X- 5
■X "X 45
45
14'A
Stores
Dominion
Federal
X
32
1.55
Dominion
Eldona
1,210
10%
28%
31%
-35
Foundries «te Steel
Dominion
Elder
13%
10%
28%
—
:
29
2,830
Kirkland Hudson
Lake
Dominion
Duvay
'
24%
Dominion Coal preferred
Dominion Dairies common-
28%
.: ; 3c
3C
9c
«
Kerr-Addison
Nov
Mines
Mining
Kelvinator
Dec
,„;V 95c
Quebec
5Y4C
5,186
Gold
n
13c.' Mar.X.
•••"X
Mines
Consolidated
M
Joliet
.
XXf l.30 Dec X •>"»"• 1.85 Dec
2,375
6,200 ■XX70C
80c
29
Bank
July y
Jan
Jan X
Jan '
uan y X
8,637
■
6c
Mining
12 %c
10,850
-
Kirkiand
Dome
East
510:;
14'A
..Seagrams
Distillers
Diversified
,
29%
14
Nickel Mines.
Dickenson
>.
29%
14'A
B
Delnite Mines
*
21c
29%
Leather class A_
'X'X .Class.
*
3.55
46.250
4 'A c
5%C
20,700
11%
12
60
X
2.17
73c
Jan
Dec]
3.25 Jan
2c
10
Jan
Feb.
Nov
Dec
Dec
1;
5.00 Dec
90c
Dec
4.15 Mav
flc
Apr
12% July
,
■,'X
I
102
LISTED MARKETS
CANADIAN
'
FOR WEEK ENDING
BANGE
Week's
Sales
Last
Range
fer Week
Sale Price
of Prices
Shares
Friday
v,
STACKS—
•>
Maple Leaf Milling Co common.
Preferred
■
———aAa——.-a--.
_x
Gold—aa,—yyAA~y-AAL
■
Preferred
Preferred
40c
McKenzie
Soo
Gold
Model Oils
I'
74
1.70
1.62
7C
7c
30% Nov
20
July;
16%
Dec
109
8c
39c
:34c
Jan
10
44c
22%o Jan
39c
17C
86,000
14c
16c
25c
25c
>
65
80c
87c
Montreal Light Heat is Power.
Moore Corp common——.
22%
24%
71
Apr
16%
17%
30
36
36
36
100
29
16
18, ;4
17
1,320
12
13
common.
13%
27%
24%
Feb
65
Dec t<
Jan
2.25
Dec i
Sep
Sep
July
38
Dec-
37
4
-Apr :■
13
Deo
9
May
14
Nov
.
29%
200
,
31c
Long Lac——
National
Grocers
Preferred
National
17%
common-
—20
Petroleum
National Sewer
;
i^32.y
24% Apr 1
71
Dec ?
*
Jan
Jan y*
39c
Nov
Feb
17%
905
28
77
335
15'/4
Feb:'
27%
Decl
24%
640
10%
Jan
24 Va
Nov 5
99
1.02
1.10
27,240
64c
Mar
.1,
45C
50C
13,900
■■■; 43c
64c
Feb
25%
100
Dec
Jan
26
Deo
Jan
10c
25%
.
-25%
8c
:10c
19
3o
July
.
National Steel Car—
Oct
25
1,380
17% Mar
1.59
11,550
1.26 Jan
1.85 Feb
Nib Yeliowknlfe
Nicholson
—_
:
—
,
; *
53c
60c
8,000
y: 60c
66c
20,575
-30c
Mines
Q
——
„
22c
75c
■
3.85
29
Nov
Feby
30c
Mar»
1.30
1.19
2,700
82,617
80c
7%
4,190
20
3,925
90c
.....
1.02
27,050
;
Dec
1.84
Feb]:
Dec
1.10
Dec
Feb
•7%
Dec
May
19%
Oct
1.15
3%
14
ColL^L.—HL.—aa—I— 1
48%
•
79
48%
L
70c
—.—.a.—.—-.—.—.—25
-
'■•
•
65c
Nordon
Contact.a.a—
Cons
Surf
Jan
35
34
240
67
Apr
ryyy 75
72
Mar
80
;
Inlet
;
27c
Dec
21c
Dec
2J5
64c
30c
Jan
■
May
Nov
4.25
;
,
,
Norseman
Mines
Feb
84c
Sep
a
Canada
Oil
38c
38C
500
7c
Jan
46c
y: 26c
29c
36,400
500
19c
19c
22c
63% Dec
1.25
6%c Jan
•;
64c
Dec
5.10
5.05
5.25
1,150
yj,
1.14
Dec
; '
35c
12 %c Jan
3,800
6%
Jan :
1.25
1.25
A
2.50
Jan
'
Ly® 60
69c
.—1
60c
Jan
5
5% Jan
100
Apr
Traders
.
1.63 Mar
3.70
69c
y 38c
Apr
69c
Dec
34c
10,800
22c
Jan
40c
Omega Gold Mines—a—
24%c
22C
25C
25,358
20c
Dec
68c
3.95
3.70
A
1.25 Nov
7
10.
Sep
Mar
2.20
2,150
90c
Oct
Jan;
37
& 37
is
53%
145;
35c
v;>w7:
88c
Jan
■'
•
28%
37c
52
r
•
Exploration
Omnitrans
Orange Crush
common..,
PtS
Orenada
Mines....
22c
•53c
Gold
Ottawa
26c
,
15
68,000
^
21>
15
52c
r
Car
56c
11,000
Of. 75
7%
7%
Nov
21c
6
v
50c
y.'5
Sep
3.05
rights———.
17
.
;
Feb
:
11
Nov
11%
United Corp class B—
17
Dec.
f
1,140
16% May
;
K>W.'85.J
40%
265:;:
3%
Paoalta
Oils
...
9c
...
Pacific Oil Ss Refining
Petroleum
l
...
$3,100
10 c
8C
27c
25c
30c
1.25
—
•
1.05
1.32
928,250
7c
J
Dec
Mar
United
1
Steel
Feb
Page
(new)T.—
Hersey
»
29
29
2.25
2.21
—
Paramaque Mines
Parbec
Malartic
Partanen
'
—l...
Gold
•
-
■:
29c
—..1
.
20%c
Credit
Gold
6%c
—-AtJT
Engravers
Picadilly Porcupine
'■
3%
Pickle-Crow
76C
40c
Gold
Mines—
1.45
1.50
24%
1
A;
■y
Powell
River
Powell
Rouvn
Co
~
8 f:
24%
39c
46c
44c
4.70
4.35
6.15
Voting trust certificates—
Power
i
Premier
36C
1.55
725
55c
y
Jan
2.50
2.46
2.55
2,900
——„a.a—.
i,
loo
53
53
17
"17
3.10
^
•
.
Mines, l
3,10
:■■■••;,■
48
6
Mar
17
1,200
13% Aug
3.45
17,850
2.45 Jan
1,000
36c
21c
500
15c
11
yy-—;;-
11%
729
52
52%
7 125
ii-
Preferred; —...—a—Ly.——40
;
Quebec Gold...
••' 52 7;
1.40
.
Westeel
78c
:
j71.40
: ■••
77c'
•■:
1.63
Mar
Feb
6% May
41
45c
2,900
Mar
Jan
90c
13,200
62c
Dec
1.25
93,056
80c
July
19 %c ;717%c 20%c
25,137
18
1.17
—
1.04
Riverside
Silk
Robertson
Roche
36c
class A—.—-
L)„—
Jan
Mines
Co.
Oils
Royal Bank
Royalite Oil
'
St
...
—,
Mining
<
WInora
•
'
^
15% Dec
L
...
:
J 60
y.
;
Nov
Uchi
,1
?
1.80 Dec
•
Dec
—
:
19%
Dec
70c
I
I
National
-Asbestos Corp
Jun
_
*
58c
65c
70,450
90c
93c
7,700
85c
Dec
1.25 NOV
!
20
20 %
1.220
15
Jan
20 %■ Dec
\
Canadian
22
24
1,280
18
Oct
22% Mar
:
44
44%
465
a——l...*
Canadian Westinghouse
91%
5.90
14C
Beath class AL.—_—
15
Oct
36%c Jan
66c
Nov
8,500
14%
Apr
66c
4.125
13c
Y8c
50
5.50
\
Preferred
•
Bruck
1
*
common
Marconi
Western
Coast
Dec
41c
Aug
Consolidated Paper
Consolidated Press
Jan
11% Nov
135
18 %
May:
40
60
Aug
79
Jan
6.95
NoV
5%c Jan
18c
,15,
Dec
4.05
1
275
_
,
105.
•
.
26,900
160
31c
.
Jan
16% Feb
High
Low
High
\
24% Apr ;
Sep
18
20
160
32%
1,430
22% Jan
32% Dec
18%
19
30
8% Jan
3* .^May
2.25 July
45% Jan
9% Mar
26%
63
7
80
21
<
,
"
"
■
.
1
Crown
Dominion
——
class
A_—
—
Oil
85
20
58%-y/■ 250
7.%
6.387
•
89
430
22
615
2
Jan
r
?
Sep
6% Nov
4%
5
265
3.05
59
5,7J5
3.10
1.95
3.10
2.270
16%
16%
8,810
8
25
86
25
5
Apr
28c
Jaji
Feb
43 /a D
10
Apr
18
.
3.00
59
.
* .':' 16% •.
21
8%
.•
21
B%
;
-
;
;
xn?/°
;
Dec |
Dec .
Dec ;
2.95
58
'
5
a——.
:
86
22
>
•
Lumber—.-——2
—————*,
CoDoer
58%
6%
...
7%
Deo
s
?n° Decf
Dec
50 A May
59
85c Mar
75
2.00 Dec j
i
Jan
Dec
.17
.!{
\
5
1)60
6
■
^
.
•
Nov
Dec
1.64 Nov
22
i
>: •••..
'yyy;;;:'
■O-s-x
; Range for Year 1945
■
-
31%
—
Nov
12% May
•
.
———•
Dalhousie
;
•
*
..
Bridge .—.—
Paper-—-.-
Donnacona
Foothills Oil A; Gas
'
„
»
*
Oct
;
.
;
1.90
52%
-100
129
Preferred
...
^
(4pc 43%c
42
42 %
II'I -I IIT*
InternationariPaper common——.15
Haves Stee
•
a—.——:
Silk
'Oftnsdis.il
Nov
2%
-Sales
for Week
Shares
20
31%
.
—
-
45
75
Week's
Ranee
of Prices
-
Pulp & Paper com—•
common—-aJ—-.———1.
—;
100 -
Brown Co
Dominion
Gold
For footnotes see page
x
■
6,900
91%
—1
oct y
Funds
Low
—
20,500
-100;
Nov i
v
16c
Nov
■
Pat
40c
35%
May
Exehangt-Curb Section
V-.y
Friday ;
;Last
STOCKS—
•' Sale Price
34c
35
65c
37c
% i8
9% Feb
r+x-r&M
h;y^;yy :y;
14 %C
23c
Nov y
3%c Jan
Toronto Sfoek
I
-
Nov
3,000
Nov i
5.00
Dec
32c
common--
Canadian
1.39 Feb
90c
July
:V:
48c
Jan
6%-.
Dec
35
-50
July
:
Jan
40c
52
47
22C
Dec y
17%
95
Bonds—«
k
.13% Nov
Jan
9%
Apr ]
4lC.
3.50 Dec
70c
Sep
Feb
22c
L
18% Dec;y
30
9%
Dec
Dec
3.30
Mines———.
Knitting
44%
.A——*
,'
2.72 Dec
35
28% Feb
Apr
30c
Ymir Yankee Girl—.—-.
York
24
,
Jan
6
Gold Mines--—I.
Yellorex
Sep
50
25c
Dec
Oct y
106
68% Jan
92c
Senator Rouyn* Ltd
Shawinigan
8e
Wright Hargreaves Mines.
Nov
'45
ll%c Jan
!
26%
29
•
Feb
y.:;.y ;,;-"y.^y'-; ..•; Vyy y;:
;
Preferred
60c
—.
Antonio Gold Mines Ltd—.
Scythes Ltd
y....;
43
46
•
11.63 Feb '
,
18
99
British Columbia
Corp common
Class A preferred—
St Lawrence Paper pfd—
Sand River
•
35c
Lawrence
San
Dec
yy-
.
15c
...
Russell Industries common..—._—lo
Ryan
32c
4,900
34 y8
22% July ';
1.77 Mar
Dec
15% May
Jan'
■>
.——100
—-——
20%
Gold
Rouyn Merger Gold Mines—.
Roxana
34
y'
5.10 Apr
?
Dec j
117
; ;
Oct
40c
——a—
common....
preferred
43
Long Lac——
Rochette
35c 36% c
34
.
(P
Ltd
|
Apr,
:;;;y
.1.20 Jan
1
i
Wiltsey-Coghlan Mines ———1
Winnipeg Electric common———*
Andian
Regcourt Gold Mines..——.
.......
Products
•'•••
1.01 Apr
Jan
61 %c 61 %c
»
Purdy Mica Mines—.
y
|
Purity Flour Mills common.—...—.10
Quebec Manitou——
Queenston Gold Mines
Quemont Mining
53
1.15
21c
t
-
.
M'"
■
';y yy.yy},;y.-yy.;--
1 l:'y r./':y::;vyy;;.-, 'y'.;.*f\
Malartic
I
1.05 May j
Sep
21
|
Dec
Dec]
16% Mar
32c
;
69
Preferred' a———'..
Vt est
;
:
3.40 Aug
Mar
——
Wasa Lake Gold Mines——————«L—.1
.•/;
2.89
"
Dec
70c
Apr
710
:
>
2.00 May
1.65 May /
7
9 560
60c
Worts com——*
Ss
8%
.
>■
.
4%%
30% Dec
81c
1.66
i
Dec?
July
"14c
*
>•.
...
Sep 'J
4*. 50 Dec V
>
Jan
16%
■
Apr
11% Sep
ll%c Aug
7.50
,
Dec
98o
6%
53c
Mar
19,525
V
Dec
'
18% Mar
1.82
15%
Dome
Dec
25c
7,000
8,050
>7' 1.45
Prospectors Airways—
:
64c
52c
1.50
Trust
East
'
Oct
23
Jan
50c
1.62
.
8Vi
Jan
15%
Pressed Metals.
Oct
1.75 Apr
.
Feb
2.40
30% y-3i< ;y;;;;
v
18
4.35
Mining Co—i
Premier Gold
July
59c
1.06 Jan
1,000
*
.
88c
.'•'•'•• •: 'v'A' i
Mines, Ltd
Waite-Amulet
.
Dec
13,770
•
59c
50c
30%
:
Corporation
Preston
59c
f
_
,
5% May
100
76,765
6.60
|
30c
25
4.70
6.50
—l
Gold.
Oct
■ ■
1
.....
Walker-Gooderham
-■
64c. Apr ^
27c Nov y
16c May i
Dec
17c
y 5c ' Feb':'
;37c Nov
6,600
24%
1
-—....
24c
-
15,800
,
Porcupine Peninsular
Porcupine Reef Gold Mines
19,000
,
1.55
i
,
Pioneer Gold Mines of B C
2,500
11,500
7 12.600
82c
Oct (
Nov4
Oct
48C
vJan
v..y'.;y i.'
y
Oils
Mines
Westons
*
Mines
22c ;
8c
,
1.80 Sep y
Ventures, Ltd; —L—...
Vermllata
•
:
L
8y2c
35c
8
——
Gold
2.46
77c
———.1
Photo
31%
1.19 Jan
.11,632
35c
Securities—
Mines
26% Aug
10,400
37c
;
19c
8%c
Pen-Ray Gold Mines—X:
Peoples
•'•390
2.30
29%
25c 29 %C
—1
.
Malartio
Paymaster Cons Mines Ltd
Perron
35c
35c
,
/
■
July - V
8c
.a—
ry
67»/2C Apr
1.40 July
Vicour
Pamour Porcupine Mines Ltd—*
Pandora Cadillac —..
y
•
•
j
Sep
46% Mar J
Oct
Baa—a..Aaa...
United Oils
8'/? July
18c
Sep
20c
50c
25,834
:.
24%
.
Dec
Upper Canada Mines Ltd.———
Pacific
70c
May
|
Nov?
.yy 1.20 Jun /•
Jan
May'
36c
■
17%
Jan '
8
4,529
20,000
Dec!
Dec f
I 3.15 Feb
Dec
|
Apr;
20%
20%
''
Feb
Dec
.
48c
Oct
1.30
.
54%
110
y; Apr y
15
-30
12,450
55
::
Jy';.
Class
i
Apr!
40'/a Nov
Feb
Jan
24c
2,000
Union Mining AAA-;a..
W. Novy
uz
Dec
Jan,
25% May
v
.
July
;
100
2
Union Gas Co—
Apr J
|
-
104% 104%
'■
1
50c
200
53%
53%
104%
8,500
2.10
■7^v"y^,
•
60c
22%
United Fuel class "A".
*
|
5.70
-
Oct
:
Oct
Dec f
1.40
Jan
53c
Twin City Rapid Transit common——•
1
33C
class
3.50
-
Transcontinental Resources
y
55c
19,350
25,360
Dec
59c
3.80
_,
4.00
'-50
Finance
23
16% "Apr
225
Class B 'rights—__—_.A———AA.—
i
s'XV 8NOV I
6% Nov
2.26 Mar
"
' 21
22% :;
2.20
.—*;'
Elevators
Mortgage —a———.A.
Towagmac Exploration
Mayy
26c
1.05 Sep
y
—
[
Toronto
•
34C
Oils
.
NoV j
'
•
aes.
Preferred
Dec
O'Leary Malartic Mines.
Okalta
i
|
y 4.05 Apr
Dec
1.50
8,700
1.25
[
Apr
20c
Feb
22c
.
87,000
y 1.20
8
Gold Mines—
»
46,120
-
1.20
:
...
Preferred
O'Brien
lie
1.14
26C
——.
Mines
7 24
•
Toronto
lie
1.03
I
'• i ':-
15c. May
L 48c;
1,810
y
21%
III
—
L'
;
lie
corn-
3.45
W 24
mm.
1.65 May"
..
Northland Mines
Northern
North Star
2.95
j
Jun j
Dec,
Dec
40c
4%c Jan
13,500
14,850
21,200
y: sic
s
,
■m «•«•>•»«•••• m$ mm
Toburn Gold
50
7,300
1.10
18%
Feb
DecDec
3.35
Feb
20c
;
Decv
;
ll%c
-50c
Tip Top Tailors.
5,343
1.05
Mining Corp Ltd.
80
"
1
Texas Canadian ..a.—aa—
65%
v
49 Va
80
Oct
15%
50
21,000
Dec
63
Norgold Mines -a—a—__a_a_
Normetal
...
Gold
Sylvanite Gold miw
98c
--
2.00
53,695
Mines..—;..a——1
Consol
Tamblyn (G) common..
Teck-Hughes Gold Mines
1.00
;;y
82%
Dec
65%
Oil
8oya
\y-.
■/.?:
•:k
Mark Gold Ml
Noranda Mines
■
■
; :
•
Norbenite Malartic Mines———-1
j
1.07 Dec
Nov
"
4,700
;
|
Jun
7
Sudbury
Apr
Nov
17,700
:
24c
3.70
A
3.70
-
48,500
30 c
26c
24c
Nlpissitig Mines
.
30c !
}
Nov
33c
66C
j
15c
94c
common^..
Sullivan
53c
—1
,
New- Calumet Mines—
|
Aug
15
245
——
24% Nov
1.53
1.54'
.1
——
1
1,000
Steep Rock Iron Mines
—:v
Stuart Oil ''pfd.—_AAAAL.L.AA_.y.AA—y*Bturgeon River Gold
1
'
Negus Mines
New Bidlamaque
|
Dec]
30c
1.25
a a—
Canada commoni....—a."
Preferred
Nov
35
24.
-
f
1.12
18%
Mines
Paving
Co of
Steel
•
Jan
22c
22% Feb
32
*y:-.
25
—n^ljr.rr—
.
30
10%c Feb
.
35
32
>
|
102% Dec
Apr
23
2,500
19%
30c
Stedman Brothers_A—a*
Dec
28
15
.1,000
14 %c 14 %c
_a__—a——25c
class A.
|
1.10 Feb
12
750
':! v;"
29
29
;,T
M
Deo}
16% May
24
•
Mosher
:
27
Sturgeon,
Preferred
Sep
65c
45c
.1
Mines-,..
;
:
Dec-I
1.75 ^Oct f
Jan
■;
.
.100
.a
1.66
14
Petroleum
Standard
14
.
fOlgh
66c-
Dec:.
290
• -
-20
Stadacona
=
Jun
"
53c
1.04
y
——
13
End
Springer
.
9.90 Dec
57
26,600
649,238
38
....
Malartic
Southwest
25c
20c
480
35c
2.^0
38
Petroleum.—.
Southam Co
'
Nov
Jan
20% Mar
19,320
70
31c
70%
1.66
' ■■■"
new
——
Starratt Olson
25%
2.50
—
7
26,620
'■
33c
Jan
Dairies
B new-:;
South
May
53c
25
65
71c
common—a_
1.99
17c
3,500
.1
Slater (N)
Sep;
Sep '5
18 Va
Jan
Dec
13c
16,348 V
ioy8
9.00
'
r
12%
15,100
.....
"
Siscoe Gold Mines—
1.85 May
Jan
Jan
240
„
1.80
Mines...—
———
Preferred new
Dec
77
1.35 Mar
56,625
18
26c
17%
1.73
Simpsons. Ltd A new.—.
\
;
Sep
May
19c
Oct
4%
16c
11,344
1.75
common..—Z.a._a.——
Silknit Ltd
Oct
59%
';.:
2,000
37c
9.75
——
:
105
16,600
7c
Ss Gas....
..
5,800
Year 1945
■
Low
54c
common—.1.a^—;
—
Bladen
28 Vic
.....
Sigma
Dec
8% Jan
May
18
v' 775
Nov
•
Range for
Hiah
' 48C
15% Dec
..
Mar
Brewery
Voting trust
Silverwoods
7,000
lie
74
% Mar
22
55
37c
—————
Knitting
Porcupine
''yy 28c
2,822
"■:vo;.240S
105
IOC
-
Monarch
Moneta
L 5lc
Dec
.:;:f / 593 >
17
104%
17%,
Mid-Continental Oil
Sep
8
Pherritt-Gordon' Gold
Sicks'
24c
19
1.68
:
Mercury, Mills
Mining Corp
19
16'A
74.;,
Gold—
Mines
Apr
Shares
-50c
Sheep-;. Creek—a—
;
for Week
,
48c
1.39 Sep
July
7,000
2,156
v.
29%
28%
10c
.
.
Red Lake Mines....
McWatters
15 %c
8c
27c
15
14%
105
a—aa_.——a
Red1 Lake
Nov
46,300
28c
16%
-———L—
McMarmac
26C
L ::1'
"V"
Mclntyre Porcupine; Mines——
McLellan
40c
29%
.20
aa_—a.
Segur
22%
77c
8,640,
42c
14%
common.—.
McBrine (L) Co'a———a—
McColl Frontenac Oil—_a_
McDougall
-
;•>
—...—-y—
Apr
Jan
11,650
1.10
1.03
1.03
1
Marlon Rouyn Gold-..—...
Martin-McNeely Mines_._A.y_..
Massey-narris
1.035
10c 12 %c
•
12 Vic
■
14%
14%
14%
III-.1
Maralgo Gold—
■' Marcus
17%
1,895
16% Feb
Sales
Ranee
tow
....1
;;Shawkey:—a.———a.t.—.
Jan
■
of Prices
F«f
High
12
V-
Saie Price
y;y;:yy;::STOCKS-%-v;y,
•
I—II*;
Week's
Last
Lots
14%
14%
La"
Friday
Range for Year 1945
High
Low
par
.
JANUARY 4
r "%
•
1.75
23%
-
310
18
;
70
•
2.05
.
129
11,810
:.
25
_51 54%
129
12.150
43 /a
:
,
195
2»3®2
14
.
29
1.28 Jan,
15% Feb
101
'A™
Mar
Dec V
42c
.
Nov
,•
1.99 Dec
:
-
25%: Dec ■:
loaiA
Dec
128% Dec
jf
»'
Volume
Number 4453
163
(THE COMMERCIAL & FINANCIAL CHRONICLE
iu
CANADIAN
RANGE
Friday
Week's
Par
Minnesota
Oil
&
Ontario
Selections
Oslsko Lake
:V
Paper.
8
Oreille
:
Grain
Preferred
__
__
t-v
1
0
common
56
19%
5c
54,425
3Vac
;.
1.30
25
9%c
Feb
Petroleum
46 Va
26c
0
——
:
.
v-
10
46%
21c
Jan
3.10
Nov
20
Dec
Sep
104
30
25%
Dec
30
247/8 Mar
31%
Nov
19
18%
19%
16
Secord
3
Jan
19%
25
25
25
*
9
9
5
Oct
Feb
Oct
Jun
15%
19%
25
20%
20
24%
Dec
Dec
32
Nov
Legare
preferred
Lindsay
(C
W)
Dec
Massey-Harris
30
8
8
July
July
4
15
*
77
4
10
3
Aug
3
Aug
70
3
61
Jan
61
Jan
14%
._100
1
18%
70
1"
com
Preferred
Dec
Feb
f.
L
common
Structural Steel
"46%
24V2c
Dec
Jan
28
.13
•;
7 %c
110,700
30
—
33c
21% Aug
29
(John)
MacKinnon
'.46%
common..
Temiskaming Mining
Thayers preferred
25%
29
Dec
95
;
25
•
Lang & Sons Ltd John A
1.90
16
V;
■30
High
Low
High
•
Labatt
Lake of the Woods Milling common
'
Supertest
Range for Year 1945
Shares
25
Dec
Feb
6,410
■777,
19
.104 104%
104
_
19
Low
POf
Dec
Laura
2.70 7 2.90
'k;
'
■777
19
:
Feb
24c
7
;',:v
60
11% July:
2,500
1.80
Jan
:
High
7,7
:4
2.85 y
I'P*- 19
.
26
5
7- 10,650
1.60
w.jPend
Reliance
for Week
Range
of Prices
Sale Price
■
56
1.61
STOCKS—
Sales
Week's
Friday
Range for Year 1945
7:7 Low
77
5c
1
t
4
Last
Shares
Hlu±
18%
19
K>
—;
—j
of Prices
{•;7.;'.■;!'A':- Low
Langley's Ltd pfd_———.
JANUARY
1* "
for Week--**
Range
Sale Prise
ENDING
Sales
'
Last
STOCKS—777 ft
MARKETS
LISTED
WEEK
FOR
15
3,940
15% NOV
8% Mar
May
9%
16%
Dec
29
Jun
Jan
McCcll-Frontenac Oil
Last
8TOCKS.
5% preferred
Acme Glove Works Ltd
Steel
Algoma
Aluminium
Ltd
v.;:-.
.'•#
20%
620
:i
17
107
18
1
Sep
104 7
Dec
Jan
16%
Corp
90 7
18
"
•••.)
94Va
Jan
134
100 Va
Jan
107
20
■!->
•,
71.90 Dec
22
Feb
31
352
37
May
175
43 % May
46
2,095
17 % Mar
24%
Nov
-
100
*
common
;•
•'
--25'.
Steel Car
•
Steel
Car
—*
v
Canadian
Bronze
—.100
Preferred
27
27
27
785
20
Apr
27%
Dec
65
63 7
65
495
50
Jan
63
Dec
31
30%
31
555
24% Mar
32
Dec
22%
22%
HO
15% May
23
Oct
8
Jun
—*
7%
Class
B
12%
Dec
§1
Nov
v :
48.
60
;
41
•
20
•
B
1
.
m 17% 7
•
Canadian Locomotive
1!
*
Cockshutt Plow
25
*
7
,
11%
:
365
12%
40
84
,
Dec
#
Co..
78
311
49
Jan
41%
42
110
33
Jan
48
48
150
38
Jun
48
:
•
1;7 15%
16
-
57 r 77
-v
15%
' :
103
Feb
9%
Apr
17
Sep
15%
10'/a
22
Jan
18%
17%
7%-/7'7
50
35
34%
35%
18%
93
94
58%
21%
21
*
-•
com.
«
22%
31%
31%
15
„
•
Canada
•
.'.
*
Power
14%
14%
..
>
31%
Dec
20
Nov
Jan
14%
Dec
13%
14
79
80
>|:
•
31
*
:
14
Dec».
28%
11% 'Jan
Class B
Distillers Seagrams common—.
Dominion
Bridge
Dominion
Coal
Dominion
Dairies
29
;
Steel Corp——-———-*
8%
3%
8%
■
13%
'
■
7.
common
13%
10 Va
10%
14 7
10%
,
185
Preferred
—
Glass
m 31%
•
76
115
58
i
Ltd
S'/o
76
116%
Dec
Jan
28%
Jan
24
18
95
Dec
Jan
Feb
175
175
175
2,320
.124
Jan
106
165
5
161
Jan
168
7% Mar
15
100
15;
14
Jan
870
16 %
Apr
395
27
Ltd
_
Scotia
Nova
Royal
7,77
14
22
110
110
180
7
.
*
Power
7
common
92
Jan
23.
14%
14%
25
19
15%
111
49%
notes-
Jun
98
Nov
771577
Dec
72
Jan
8% May
Dec
Jan
20%
Dec
34
Dec
15%
29 % Aug
12
15
15
12%
Jan
6V2
Jan
16 :,7 , Dec
Sep
30
Dec
10,;
Dec
25 77
■265'.
29
23
5'A
20 %
70
15
20%
""
Jan
32
Jan
10% Jan,
1,025
105% 105%
7
19%
100
-
49% Feb
49%
49%
Montreal Curb Market
V#'**,
'{'0i4fi
•'
97
35
19%
:::7v 'v.^"
106
15 %
455
20
106, 7
21%
107
Jan
Apr
Sales
Week's
Friday
for Week
Last
Oct
7:.
7.- 7
Abltibi
Range
Sale Price
of Prices
cumulative
6%
Pow
Bathurst
Par
777^7®;77:7:;!:7:.:77
■
Power & Paper
Shares
.
,—*
common
1945
77
High
7^
Range for Year
*
&
British American Oil Co Ltd
■
2% Mar
16,032
,
7% Dec
7.; 95% Dec
:
93
100
1,483
44
Mar
6%
7
1,207
3
Jan
7
Dec
14
12%
14
3,719
8%
Feb
14
Nov
Jan
29%
pec
37
Aug
7.7-'
5 77".
8%
7
99 Va
«
Low
Hiah
6%
8%
-
.100
preferred
Pap Co Ltd cl B_.
Distillers of Van Ltd—
8c
Low
7
.28
27%
28%
38%
38%
240
7'A
6%
7%
81
90%
23 Va
1,209
38%
Dec
Columbia
British
Apr
102
7
Dec
15% NOV
105%
Feb
54
7777 5 7
i
7
STOCKS—
50
16
34-%:" ■7:7
28%
'
7
365
19%
34%
10%
7
12
28%
*
common
Power
Dec
109 % Mar
675
'34%
77
*
—i—~ "
Preferred
33%
Nov
Jan
^
Gei,eral Steel Wares
Dec
May
Aug
14
425
———
-
Dec
BONDS
Brewers
preferred
50
19%
22
Nov
12%
220
90
15%
:
Canada
1,740
110
19%
•
*
*
5%
t,
.
_—
*
Canadian Funds
Corporation
Foundation
25%
14%
»
A
'22 ■ '.'7.7
5,046
100
91%
».
■...Class: B.
14%
25
25%
100
Enamel & Heating Products
Gatineau
10,484
—.
'
m
•
of
16% July
Jan
440
Montreal
Dec
1
14%
————————
Co
.
Banks
Montreal
*
Electric class
■1
Dec
25
Preferred.;'^-—
English
Dec
Jan
Jan
29%
Canadienne
Jun
32
125
260
Dominion Textile common
Electrolux
32
31%
32
Dominion Tar & Chemical common.
Dry^en Paper
Oct
Dec
Jun
31%
——————
Stores
13%
_100
common
•
Dec
—25
-
Mar
'
Mar
75
100
pfd
Mar
6%
•
I
Preferred
Zellers
28
—————*:.
Wilsils :■ Ltd
.
116%
27
common-,—————&*
^
100
70
76
(Geo)
8% Dec i
:
Jun
|| 27% Jan 7
180
16%
32
Dominion Steel & Coal class B— —25
Dominion
42% Dec
.
32
4
Preferred
Feb
Dec
P
i-——7—7---——-
Dominion Foundries & Steel—
Dominion
105;
11% May
57
9Va Jan
'
•.
«
17% Nov i
<
t
97% Mar
100
,
v
19%
100
preferred
Apr
18
100
Biscuit
Toronto
preferred
-
1
Nov
32
Jan
*
30% July
13% Dec
Sep
12
July
42% Jan
79% Nov
Jan
16 Va
3i
7
July
69
7:15V4;15%-
*
Transit^—
8
-;'S "
!'rV/'v
Davis Leather Co Ltd class A.
Nov;
Jun
10%
14%
13%
—
J—1
City Rapid
Viau
Dec
;
47% Deo
V
Dec
37%
Apr
Commerce
—
30
16% Jan
19 Va
1
30
Dec
22% Nov :
Mar
22
38
31%
7
v
30
19 Va
30
Nov
-" 93 %
Feb
37
-
.—*
common—.
16%
•22%
Oct
11% Nov
40
Jan
—
Dec
-
Jan
93
Dec
25
-
2% May
9%
..100
Canada
17%
Jan
25
20
Feb
20
25
7>
Dec
Feb
Mar
19%
18%
20
;
Dec
58 %
32
100
15%
15%
16 %
Jan
7
16 Va
58
56'A
101% 101%
77 9
Winnipeg Electric common
'7
-
79
of
Sons
&
Deo
42
Apr
Dec !
Walker Gooderham .& Worts com——•
Oct
■•J
Cork & Seal
'
Deo
18%
♦
Feb
42
Crown
Twin
7 United
-:
Dec
22
: 15% Mar
30%
w—
$£•! Wabasso Cotton
18 Va
Apr
18 % Mar
•
common
Brothers
22% Dec,
6 Va
5,320
17%
79%
H
Tooke
Mar
r
6% Apr
'
5
Consolidated Mining & Smelting—.
Dec
30%
Dep%
60
£ 4T
Jan
33
-
100
';7:
■
f
41%
Oct
Dec
30
Steel Co of Canada common-—--——*
Dec J
18
>
Jan7,0
Dec
.
preferred
Southam Press Co
Weston
38%
23
37%
ih, 35
Apr<i.
23%
*
Williams
Southern
>18% Dec 7
<717' 7Den;? * i;
9,650
10,020
18%
22% 77 21%
17%
17'/a
.
■ tl
Jan
»
7 Standard Chemicals common—— 7:7
47,.? Dec
Mar
14
'
|
7>;?V73-
46.
17
330
1,150
i22%"::
19%
7 38%
77'77;
Railway——.—^
v.
3%
46
*
1
18
3%
46
599
41
18
3%
Canadian Foreign Investment
760%
Simon
7
24% Nov ;
Jan
57% Mar
22
common
Breweries
Dec ;
Jan
8Vs
28;,
.
——
Canadian Pacific
Sicks'
18%
\i 10
60
Sherwin
■;
27% Aug
70
■*
7-7—
Paper
|
31% Nov
Nov!
73
29%
70
.—25
Lawrence
!
Dec
17
Jan
21%
*
.T.¬
—7 '
Shawinigan Water & Power
Oct 7
Dec
Jan
38 % May ;7
; .7^-;
—7-7——.
class. A pfd..^-20 m is ^..
Canadian Ind Alcohol common—.
Class
! St
Nov
52
Jan
8%
29%
7v
St Lawrence Corporation common.
A preferred
■77
•
Power
28%
17%
70
101%
Knitting
Jan
21% 7
preferred
Jun 7
.27
>
♦
1
—
Preferred
Jan
40
7
25
pfd
15%
132-
Co_—_—
Quebec
5%
54
17
!7;.< V-777
7
7
7%
v
53
_
_
.
—
Transport
':•>!
«
common
Regent
' 7%
.
...*
•
-
if-
Jan
,■>.
;;
common.....*
Tubes.—
Ltd
Provincial
Aug
7
Jan
■
24%
Aircraft
May
Feb
Dec
45%
!.—*
common
Products
River
5%
Dec
24
Jan
—50
—,-s—
Converters
20%
'.'■•■
■'••■;" •*
•
Power Corp of Canada
Price Bros & Co Ltd common
Dec
,:;24 7
9Va
•
common
Freferred-'-'L-ii.-
Jan
25
*
__*
Development
! Bowel!
;•
11%
-*
Canadian Celanese common——.
Canadian
7
20
Canadian Car & Foundry common—*
;f%.;
47/8
Jan
119%
■
Placer
Dec
:
Jan
•.''XvVtf:> >-V:#
4
Sep
>
45
45%
24
Corp
Weaving
Wire
Penmajis
23% Nov
,
V. 30
;
:
May 7-
2
11
A-—
V'
Jan
18 Va
Northern Power Corp
■
Jan
■,
44%
45%
45
*
common—
Preferred
Page-Hersey
Nov
17
—5
—
-
28
Feb
15%
7;
18%
Apr
21
Canadian Breweries common——*
V
100
Co
Ottawa Electric Rwys
*
Ottawa Light Heat & Power com—100
■
Dec
Dec
22%
*
Cement; common—
Canada Forgings class
21
.184
15%
Corp - A——-w*
Canada Steamship common
5%
preferred —
v
32
Ottawa
Jun ;
32% Dec
Feb
161
Light &. Power—
Building Products class A—
Bulolo Gold Dredging—;—.
7
14% Jan
:•
Mills—I--.—--———*
Eruck Silk
77 Canada
i
Oct
32
Dec
—
Paint
^Ontario
Dec
2%
•
Mar
20
;
*
Preferred^
7
33%
Ogilvie Flour Mills
10'A Jun
class A—*
Bank Note Co
Amer
Canada
7
Apr
Apr
'
Nov
99%
v
Class B
4
Dec
24%
22
Noranda Mines Ltd-
?!>
July
MiV,,-V.
& V-'VAv 1'
."v'-'V'1 >"■"
s\x\>*/
7 f\
.
Brazilian Trao
1-
30%
20% Mar
480
Niagara
Aug
Apr
13
'
*>-..■
■.
British
i.7
22 % May
18,618
30
;K
Dec
.85
250
:
"V
.
British Columbia Pr
*
4,320
25
29
iK
Dec
23%
108
7.
Telephone —;—!—
-100
Bralorne Mines Ltd—*
■
Jan
——„———.
v, .•*. ;..
•
103
Jan
14%
7
;—*
common—
Bathurst Power & Paper
;
31
22%
29
National
Dec
Bell
-
July
9%
2,560
130%
106
.
20% NOV
99%
475
24%
130
-Warrants
,
30%
24 Va
23 % May
'
45
101
22%
100
Asbestos, ■Cprp
v'i
-
31
v
50
15%
*
Preferred
•'
*
•
Breweries
.7.v''7
Argus
■
20%
■101
Range for 1945
77 Low
High
Hiah
15
•
655
National Breweries
Shares
103% 103%
100
:
common
Aluminum Co. of Canada pfd
Amalgamated Electric -..Corp.-——
v
ft
20'A
100
——
1,740
28
Montreal Light Heat & Power Cons
Montreal Tramways
for Week
Low
com——«C
preferred J,
6%%
:3
Range
#77 Par
...
,
Acadia and Atlantic Sugar common—*
17
27%
Sales
of Prices
7
16%
28
Murphy
Week's
Bale Price
.
•
:
Exchange
Funds
Friday
17
•
(Robert)
Molson's
Montreal Stock
Canadian
•
Mitchell
Oct
Nov
Brown
*'
Ltd
Packers
Company common
7
1
.
Preferred
2.30
26,708
:*.
Mar
25
45
822
Jan
,
7%
83
Jan
Dec
Dec
'
Goodyear Tire pfd
inc 1927
.
_
-50
55
*
55
7! 7
16
55
5,690
55%
Dec
16
3,525
8%
Jan
10
10%
1,635
6%
Feb
33
31%
33
—
38%
38%
335
30 Va
#15%
15%
15%
5,551
13%
13%
13%
14
967
•
7
15% Dec
Canada
&
Canada
15%
10
Gypsum, Lime & Alabastine_
Dominion
c
North P Corp Ltd
Sugar
7%
7
25%
26%
pfd_..100
26%
109
'
11%
121
26% Jun
22% Mar
977
20
110
11%
121
110
100
109
Jan
11
Jan
-
Hamilton
Bridge
——
15%
Kollinger Gold Mines
Howard
Hudson
Smith
Bay
*
Paper common
*
Mining
•
16%
10%
Dec
16%
Nov
11
Mar
21
Jan
32%
Aug
Dec
Jan
16%
Jun
Jan
14
7%
Feb
8
Oct
Jan
7735% Nov
100
com
preferred
___.
_
_
Ltd
Imperial Tobacco of Canada common_5
Oil
__
Preferred
.
77
El
—
7%
7%
32%
32%
33
-w
17%
17% m
35
33
35
40 %'
40%
41
51%
51%
54
7% '7
295
7.
*
Dredge & Dock Co Ltd—
Canadian
Industries Ltd
Int'l
Canadian
Light & Power Co__
Investments
class
Trust
—
757
•
B„.
50
20
31%
International
Bronze
Preferred
com—1..
common—:—
p
25
_
_
*
285
7
50
15 Va
Oct
18%
395
29%
Jan
33
Sep
815
31 %
Jan
43
Dec
26
12%
50
12
Dec
13%
Dec
15%
777 230
13
Jan
16
Dec
665
156
Aug
168
Mar
400
7
163
166
«
International Paper
Preferred
Canada
com
•
15
common
3,100
7'.;
21 Va
Jan
54
2,783
97 Va
Apr
5%
Pow
&
Co
*
Ltd
23 Va
•
common
Preferred
For
Public
_
Serv
footnotes
a
com
a
—
,
7:
131%
Dec
Canadian
—
Ltd
22%
55
55
104
.
104
23%
55
104%
4,435
380
125
20%
Oct
27 Va May
104 %
Dec
Vickers
common
—,
24% Mar
Canadian
57
Dec
Canadian
115
Ltd
see
com
page
105.
•
:
.
'
12%
12%
360
11
Jan
*
100
preferred
165
4%
4%
14
A 14
--77
.
-
.7.; .157
2
Feb
10
Jun
5
Nov
15
Aug
'
2
2,335
4%
13
4%
2.00
901
15
1,125
12%
'
15
1.75
13%
4%
2.00
13 Ve
6,260
1.90
Nov
Jan.
13%
Nov
Apr
14
Dec
Apr
101
-4%
46
98
98
85
3.00
3.10
18,669
58 Va
58'/a
59%
1.610
—
12
12
70
6 "A
Jan
7
7
65
4
Feb
—
w
"
Nov
Jan
Jan
6 Va
3.05
—
6%
2
40c
1.80 Aug
Sep
3.1'5 Nov
Dec
Western
12%
Dec
Celtic
Lumber
Co
a
Westinghouse
Cassidy's Limited
Jamaica
1
Pap Inv Ltd
preferred
■
130 7 131%
130
:
_
Petroleum
International Power
100
Dec
v
7%
International
__
Canadian Marconi Company
Canadian
International Nickel of
Feb
Oct
25
-
Industrial Acceptance Corp
117
Feb
May
12%
—
Ltd
117
15%
26
*
Ltd.
5
Knitting
Co Ltd
common
Co
Ltd
1
50
Mar
7
Dec
11% May
.
-7
General
Inv
;
¥
Products.
Food
Canadian
Canadian
Imperial
7
Jan
7%
Canadian
Canadian
•
Ltd
Co
Nov
24%
Starch
Dec
39%
12%
225
6,188
Canada
59 Va
12
8V2
Dec
Sep
Nov
v
t
1T*T*'V'/
104
THE COMMERCIAL &
FINANCIAL CHRONICLE
MARKETS
CANADIAN-LISTED
RANGE
WEEIv
FOR
ENDING
Monday, January 7, 1946
JANUARY
4
■
■■
Week's
Last
Range
of Prices
Shares
AAA*}$>:.
i>'; East
Range for Year 1945
7 STOCKS—
'■
.
.
Claude
Neon
Commercial
General
Alcohols
Adv
Ltd
*
V.-
V
Consolidated Paper Corp Ltd
Dominion
9,927
6%
5,871
6
V
"%
;
.7%
16%
25c
Mar
3%
Nov
Bouscadillac
Dec
Brazil
75c
Jan
6%
•
16%
6y8
Apr
7,788
8%
Jan
'•
46
46
.
Oilcloth
Dominion
& Linoleum
Square
Dominion
Co.
Ltd—0
Corp___
40
40
19
18%
40
V
85
30
Jan
46
15
Feb
22%
Nov
♦
13 %
13y4
•
17%
17%
17%
Woollens
Donnaoona Paper Co
Ltd
35%
25
YVY
.
Feb
43
Gold
Mines
-•
Ltd—.__1
Cadillac Gold Mines Ltd
—1
"Y
:Y
11. ?•*
:
1,100
6c
Jan
27c
May
9c
1.500
7c
May
31c
May
10c
12c
,38c
Y 202.482
47c
48c
YY
56,120
31%.c
lie
37 %C
,
18%
1
'
6c
Jan
4C
.
Jan
Dec
^_—
l.eoo
33c
■-£
36c
38c
3,7oo
10c
60C
60c
'd 60c
4.588
54c
29
29
1,050
26
lViv
—1
Mining
Dome
Mines
!•
—5
.:
• :
tt
Ltd
-
904
7%
Jan
14
Dec
Donalda
1,900 '
9%
Feb
18%
Nov
Duquesne Mines Co Ltd
51
Dec
East Sullivan
•
'
AAi
; Low
»_17c
9c
Y
;
;r ; Range for Year 1945
High
17c
18c
;;
May
54c
•
.
May
lY'Y.
Jun
Jan iV
62c
Nov
45c
Dec
May
75c
Sep
Nov
Jan
5
60
Corp.— —I
M.
Centremaque Gold Mines
Sentury Mining Corp Ltd
Dec
loo :
v'
19
13%
;
Lbw
A
Ltd_—— —1
Shares
Dec
Cournor
Dom
Diamond
&
Cartier-Malartlc
Oct
8
16%
vYY
22%
Mines
Nov
».;•
46
.
22%
Gold
Gold
Central
.
of Prices
Par
High.
6%
Feb
50
16%
:
4%
25
.
.
*.'f
.
Engineering Works Ltd—0
Malting Co Ltd—
__—20
Dominion
90c
YY
6%
-5.
'
•
65c
'
common.:
Preferred
•
7%
85c
*
com
Low
Hlah
7%
>'•'
Sales
for Week
Ranr*
Sale Price
A'
-
Low
P&r
■
••
•
Chateau-Gal Wines Ltd—_Y
Week's
Friday
for Week
Sale Price
stocks—
:; y; :;;..Y
Sales
Friday
Mines
YY'"
29
1
.<
——
i.5o
:1.50
1.65
1.65
3.60
Ltd__
3.55
1.28
1.35
?;AA m
:
1
200
r.
Y
Y31 a
Sep Y
1.15 Mar
Nov
2.40 Mar
300
23c
Jan
2.30
3.80
2.000
52c
Apr
7.00 May
1.27
1.40
11.300
Oct
1.70
35c
1.40
5,600
20c
Mar
3.10
41 %c "45c
15.500
40c
Dec
;
Nov,
•-
•
;
Apr
1
Eastern
Steel
Fairchild
Federal
6
Products
Aircraft
Grain
%%
50 %
50%
51%
5
5%
5y8
5%
——0
7
6
7%
89
89
Ltd
Co
class A
red
cum
Ltd
pfd—
100
19% July
35
5%
Nov
Elder
Jan
6
Nov
Eldona
Nov
2
1.340
71
Mar
3%
355
.
71
45
%
Gold
Mines—
Fleet
Aircraft
Ltd
5%
class
Foreign Power Sec Corp Ltd
Eraser
A__
•
Companies
Freiinan
Ltd
Godfrey
•
Realty Corp
Haiifax
Insurance
54
_I
v
>Y25viS
Formaque Gold
July
Francoeur
•5%
Lambert
Ltd A—*
26
17
16%
16 %
___20
(Alfred)
Co
Mines
-
-
45c
1
-
2
Jun
Jan
56
Dec
10
Dec
Heva Cadlllac Mines_^—__—
5
50
Dec
Goldora Mines Ltd—
Y
12
Sep
23
Apr
17%
Indian
Oct
15
77C
55C
>
59c
15% ;
Lake Mines
Ltd——
15%
A 16
63c
62 %c
32%
J_—
Inc
1 ;y
Ltd
9
8%
9
13%
•
430
.
13%
4Mar
13%
•
Consolidated
Gold
—
16%
Ltd— —1
Mines
Joliet-Quebeo Mines Ltd
Dec
51
Feb
Sep
58c
'
6,500
Jan
6% May
Y;
9%| Aug
810
:
''8%
-
Kirkland Lake
Mar
74 % pec
; '
.y.
'■.:'rV '
*
8C
8c
Labrador Min
•
34
22y2
Jan
35
Dec
Lake
14% >
14%
14% YY
995
12
Jan
16%'
Feb
2954
29%
29%
305
22
30%
Nov
Llngman Lake
Little Long Lac
Massey-Harrls Co Ltd
5%
pfd_—__100
'
.390
•
r
Mar
Shore
—
Mines
,M
-1
*
.
Dec
July
1.90
Nov
67c
Nov
96c
Nov,
X.—
vY?
63c
860
Dec.--.
8c
,
1.05
'
Ltd—
3%c Jan%
18.700
1.40
39.555
——
16o
-
;Y'i8C'
2.06
2.06
•
Y;Y;.yv
1
—1
13 %c May
.
A
Jan
7%c
,v
>,7e Y
16,600
2.06
•
.
•
200
1.16
•
100
8.10
8.10
24%
800
2.90
2.45
6,395
1.35
2.90
*
25 V»
1.35
25'a
AAiyL'': +h[A
Ltd—-
Mines
18c
,
1.50 May
1,500
:
18
.
Dec
Dec
25%
Dec
.;
ii.!f
Jan
f
July
YY 1.32
Apr.;;
2.18
8.10
Jan
Jan
46c
'
28c
Jan, J, V
-
•
Gold
.
<■*
;
'
Explor Co Ltd—
*
.34%
•
-
.
MacLaren Power & Paper Co.
34
1.10
—
Mining Co.—. —1
Gold
'•
Maple Leaf Milling Co Ltd common
•
95c
20//4C Apr
486
T
.
1.75 May
:
Y 46C
Nov
Kirkland Gold Rand Ltd
i
1,685
.
49'/4
rjj
Sep
Dec
Dec
A. 575
32 .32%
...
Nov
55c
Jan
28C
500
A
■
62c
1,550/
63c
-1
80c
>•'
400
500
.
,2.00"
55c.
'•
.V,;
77c:
35c
Y 2.00
2.00
"
;
85c
80c
33C
.
35c
Hollinger
245.
Yf
iv - ''Jh;
Hasage Gold Mines Ltd
Mar
34%
33%
'A
*4
o
Ltd
Dec
1,340
1.10
"*
(Can)
preferred
Lowney
Mines Ltd—
Gold
Jan
25c
J-M
.International Paints
1
Ltd—
(1945)
25
'A
25
7
'
1
-
_
690
AA'hA
16%
.
3Va Mar
—
—
Ltd
800:
10%
16
17
YTioaYo
'
.-75c
55%"'%
54
10%
Co„>_10
.5%
32 y4
50c
common——___°;•!
J)
(A
x''
32%
32 %
com...,."
_...
Mines
Fontana Mines
Ford Motor Co of Canada
*
Mines
Gold
Nov
Jan
1.95 NOV
;
>
y 2.85
;
Dec
"
McColl-Frontenac
Melchers
Oil
Distilleries
6%
Ltd
pfd
100
105%
105 105 ya
*
common
10
8
.
,
Preferred
16
105
435
9,
,
14%
1,225
>,
16%
Feb
108
2% Mar
,
9
4,005
Macdohald Mines
Sep
Norrnetal
•>9% Oct
16
Feb
____j_—_—1
Vt 'A '
Minnesota
Moore
&
Ontario
Corp Ltd
Mount
Royal
Paper Co__.
;
S
_i__*V4_-
Hotel Co
18%
19%-.
*i
Noorduyn' Aviation Ltd—
> :
71
ii%
11'4
12:;;:;
94%
6%
200;
-20
/ 46
40 %
.
40 y4
V' •rY
46
40%
25
Y
99
Jan
-
Omnitrans
3.90
6,725
24c
24c
36c
38c
Pato
Perron
Aug
109%
3.75
Y'24c;
Cadallic Gold
Cons
Gold
Gold
jilrtes
Y;.
Ltd__ __i
36c
—-
__i :';'V
7.00
1.45
Bridge Co, Ltd_______
Southern
Canada
Southmount
Pr
Invest
6*«
12 %
pfd_
.100
LAm
Co Ltd
12% : *
11 Vi
116
mhtk
K
|26c
,
116
27c
;785
i
Y'
•
6 " Jan
107
263.;
1,900
:
May
22c
116
Jan
11%,;;.'
n%
Corporations
B__
25%
24%
0
10
10
I_100
5%
5%
25
25
50
Y
8V4
-100;
Rochette Gold
35c
35c
of
Canada
Ltd___
>io
:
United Securities' Ltd
Westeel
Products
Corp Ltd
*i
10%
17
Y 12% Nov
'
.
;Y
:
6
,
200
26\
.
150
15c
'••':.;;14C
38c
Y-
________
-X
Gold
Slscoe
Stadacona
Mines
Deo
.
;
Y
36c
40c
8,100
15,600
1.40
1.40
31,738
26,500
19,426
v>4 •
Y <:•. •_
;A-•«. :.
i.;/.».:•" T •'v.v'-v
.
it.
Mines
-
,
27
\~\'f
i
•
9%c
9%c 10%c
v-
Ltd
7c
52c
51c
7%c'
8c
9%c July
68,000
5,000
v
■
%
'
'
19c
Steep Rock Iron
>;,'" *
•
:
;
■
'
'
'
Dec
3c
Jan
17c
Feb
•
93c
34c
Dec
^
36c
'■
Dec
87c
;feep
.;
2.48
1.11
YY 96C
Gold
:
52c
.
23c
1.05
'
fc-.Y-iY,
*S
1.17
36c
41c
40c
—1:
'
Dec
Nov
,46c
Oct
: 7.75
Feb
Jan
Dec
7
30c
40C
—
July :>
6C. JanY
15c
34c
Apr
65c
Oct
Jan
66c
1.55
Jan )
105,456
60C
Mar
14,700
35c
.
3.10
300
3.20
•>11,400
36c
42c
12,700
30c
\ '
28 c
28c
£ooo
"10c
5.15
5.15
8,000
1.50
;
Jan
Dec
1.00 May
AA 2.19 Nov
3.10
Dec
1.11 Dec
:.
AA Y 115
Dec
h 2.95
3.35 Mar
3.80
,
Ajar
"
■AkAf'--
A''^
1
f
5.15
Dec
37%cDec
\ FebYYY
I 3.80
40c
5.55 Nov
;
Dec
Apr
May
A Ai,'iv:
Astoria
Quebec Mines Ltd—
Athona
Mines
(>1937)
Aubelle
Mines
Ltd
Beatrice
Red
Lake
.____*___1
32c
Bonville
Gold
''Mines_____-_^__'-____l
" 75C
30C
75c
Ltd—
__1
■
:
35c
82c
36c J
60c
_r___„___l
:
14,400
33c
63c
4.000
14,000
37%C Feb:
Oil Stocks
;
Oil
Crest
East
Oil
Home
Co
4.30
•
-
32c
'
7.
32cr
29c *
v
30c
-st:-:y \Y-'•
-
3,700
'
•.
29c / Dec'
48c
NOV
27c
7,000
-
60c
Stocks,
Number
Week Ended Jan. 4,1946
555,400
Government
Bond
Bonds \
'Bonda
Bonds
Sales
$2,446,000
V.. $203,000
4,182,000
i
12,500
402,500
87,500
5,217,700
6,417,200
416,000
39,000
Friday
6,872,200
1,074,660
6,486,000
331,200
89,000,
•;,
Monday
Holiday
:
•
-
,Tuesday
Wednesday
$24,258,900
WeeTc
■A 1946
Bonds
-
.V
$2,198,400
Ended*J an.
$244,000
4
•
.
8,146,440
1945
2,198,400
24,258,900
A $26,701,300
Slock And Bond
$122,000
$8,108,550
1,095,200'
76,571,400
>
' 106,153,160
2, 147,723,400
263,074,018
20
II
Total
Rail-
Utili¬
65
trial*
roada
ties
Stocks
December 29._i.__.
192.84
December 31—.
192.91
January 1
January 2_
>
$5,823,700
191.25
-
Holiday
,'Yy
33,000
379,000
45,000 >.
398,000
$188,000
60,000
YY
1946
...
1945
..
•
1,000
425,000
458,000
$342,000
$2,080,000
$22,000
Calendar Year
Week Ended Jan. 4 '
1944
1945
.
2,238,980i. 143,309,292
2,378,797
_
■
.
•
-
Bonds
71,061,713
2,585,055,100
Total
10"
22,000
$2,080,000
—
Grada
Grade
trialB
Rails
RaUs
:
______100
470
;
^—10
52
—100
131
Utili¬
ties
Central Hanover Bank & Trust 20
Chase
40
Chemical Bank
Bond#
38.22
72.14
105.85
116.10
102.04.
109.14"
38.13
105.86
116.21
102,04 :
109.17
108.32
Trust
8
Holiday
Co
62.46
page
38.15
71.72
105.78
116.09
101.52
109.21
108.15
38.22
71.55
105.80
116.21
Empire Trust
101.67
109.30
108.25
62.59
38.10
71.58
105.88
116.30
Fiduciary. Trust
102.08
103.43
108.42
103,
_—
First
National
'
54
._
52%
135
a
128%
48%
54%
Sz
20
5C
Bank—
34%
482
124% '
46%
—10
& Trust
Continental Bank & Trust—10
Corn Exchange Bank & Trust_20
62.16
.
Bank--.—_—15
Commercial National Bank
108.28
72.10
National
1,159,000
$3,664,000 $167,333,000 $181,073,500
49
'20%
-•
62
115
39 %
——100 2,005
.52
22%
64%
120
41%
2,065
Bid
Par
4sk
Bid
32%
Bank of New York
Total
10,277,000
1,250,000
34,253,000
City Banks & Trust Cos.
of the Manhattan Co.—10
Brooklyn Trust
10
62.90
190.90
see
Second
98,000
6,000
:
•
>—
Bankers Trust
10
First
:
—-
Par
Bank
$3,560,000 $131,921,000 $169,546,500
$1,716,000
342,000
Foreign government
New York
Induk-
Holiday
frWfhciivPjOk t4ljJUXIU.#*
575,000
Domestic^."—_!___
103,825,200
62.80
191.66
January
,
434,000
4,000
Corporate
538,000
Stocks—No. of shares__
Averages
io
30
footnotes
12,000
,
-Bonds—
Indus-
For
173,000
A
daily closing averages of representative stocks and
bondi
the hew York Stock Exchange as compiled
by Dow, Jones & Co.
.January 4_J_—
> 249,000
$1,716,000
the
.
Y $5,000
Total.
$77,788,600 $2,261,985,110 $2,694,704,000
-Stocks-
Date-—
Y; Y Total
$31,000
;; 1944
377,563,575
Foreign &
$152,000
602,145
__2_ _ -
Foreign corporate-
TotaL
•
$26,701,300
;■>
Bonds (Par Value)
Government
Domestic
-
$244,000
Foreign
Railroad 8s Industrial
on
Exchange
509,250
Thu r sd a y__
,
O. S. Government—
22 y8 Mar
Foreign
v>
Calendar Year
1945
,
5,808,988
Oct
498,455
—
Friday
Stocks—No. of shares
1,470
489,810
_Y—
Saturday-^—
6,906,200
.5,080,988
24.
'
5,040,200
4,727,700
Total
18%
M»»
Shares)
$2,665,000
1,386.320
■!
Nov
18c
279,137
Week Ended Jan., 4,1946
$16,000
845,700
0/
Y
1,052,240
'
.
21'A
24
(Number
Thursday
-
Apr
4.55
Jan
Stocks
Total
Foreign
*
21c.
*%c
Daily, Weekly and Yearly
United, States
and Miscel.
1,012,368
1,000
30,500
Transactions at the New York Curb
Tuesday
Wednesday
I \4' '■
S;
Royalite OH Company Ltd.
Exchange
Railroad
of
Shares
Saturday
Monday.
vlisted
9%c
Jun
Dec
Daily, Weekly and Yearly
>
are
4.30
9c
;v:hWvvV:V'
Transactions al the New York Stock
Below
4.20
9c
Sep
Y 3.10 Jan
500:
13c
x12C
Ltd_Y
Ltd
Co
Romestead Oil & Gas Ltd
Gold.
i-
;
Dec
-
Nov
2.20
''
Jan
65c '
;
Sep
25c
•
Jun
42c
1
51c
21c
•
Dec
-
A
1.79 May
Nov
.
Nov
2.95
I
y-y-—
Mines Ltd
Mines.—.—
Wiltsey-Coghlan Mines' Lt<T——>*. Ah.
*
Wright Hargreaves Mines Ltd—
July
36c.
14,300
f.
1.67
1.05
2.47
"Y1.07
,
—
Sullivan Cons Mines Ltd.
Dec
u " '
Aldermac Copper Corp Ltd
Alger Gold Mines Ltd
XL
•'
1
—
s-..;
i-i
"
1,40
>_*- -1
1944 Ltd__
Standard Gold Mines
Yillbona
Mining Stock*
Ltd__:
Ltd—
Mines
Mines
10% Dec
8
; Feb
16% May
4.00
Feb
■
24
3% Feb;
Y-v4
...Jan
225
Dec
Nov
28c
;YY
'
3,000
16c
35c
Mines____^_—-4-
.
Distillers
1.20
24,200
; 37c
m
Senator-Rouyn Ltd
Apr
-.
United
Dec
1.15
'
Dec
.
4.75
400
37c
v' Dec
30c
Jan.
Jan
"
25 V*
.
4.35
310
YY;
Jan
Nov
a locy
'
Sherrltt-Gordon
1—
Gas
United
2.25
22c
7,300
Y1.50S
Yellowknife
Quebec
Jun
12%
>
y
500"
32c
Dec
50
-
7.00
i
Dredging Ltd-
Mines Ltd—
Mmes_——
Red Crest Gold Mines Ltd
Arno
20c
3.7 0
*
,'Fely....: ;J
•Deep;
64c
1,500
16,800
■
'
Sarnia
Union
900
28c
^
O'Brien Gold Mines Ltd___«—
91
36% May
V',
-j
Dec
14% July
May
"
199
;
r
-
Dec
Pitt .Gold
Pr Corp of Can 6%
cum 1st pfd—1C0;*
Quebec Pulp & Paper 1%. red pfd
100
tr-
1.15
Mar
,v
Jan
3%
78
.;
A
s,
^
14
19%
■
Jan
Pandora
200
94%
/
5.05
1.09
<•
71
i 1% July
57% Feb
11%
Lr-*A
.Nova Scotia Lt & Pow Co Ltd com___°
9.440
>.350
19%
70%
Ltd—
'
Y.1.
4.70
1.09
—a.
-
_
1.55 July
4.80
27c
Ltd—
Mining Corp Ltd—
Norseman
Dec
Grace
—__100
Trust
Fulton
,
National
——i——--JUKI
203
190
100
369
Irving Trust
—-10
19
Kings County Trust
100 1,900
Lawvers Trust-———25
47 •
Manufactures Trust Co com—20
62%
Morgan (J P) <fe Co Inc——100
311
National City Bank—...
12%
49
New York Trust-—
—25
114
Public Mat'l Bank & Trust__17%
46%
Guaranty Trust
—
——
Sterling
Title
82
National-
Guarantee & Trust
United States Trust
—12
—100
24%
785
Ask
'
212
377
20%
,950
50
64%
317
51
..
118.
48%
86
25%
815
;
Volume
Number 4453
163
THE COMMERCIAL
& FINANCIAL CHRONICLE
105
OVER-THE-COUNTER' MARKETS
Quotations
for
Friday,
January
4
For Quotations on Real Estate Bonds
XV Specialists
^
OVER-THE-COUNTER
Firm
Trading Markets
in
.:
250
X;!
.
ACTIVE
HI
V
WW
Established
1926
\
Members New
Direct Wires to
:i"
2l||E
ISSUES
Tele. NY
York
CHICAGO
Tel:
120 Broadway. New York
Phone: REctor 2-8700
Jfc ■ y||
W
1| ||
'
1.1287 &
40 Exchange Place, New York 5, N. Y.
DIgby 4-4950
Bell
-
—
PHILADELPHIA
Reorganization Rails
.BOlLfiflhT**-.•.v
Chic
Investing Companies
r«v
ij. BidAsk
,,-vv::
a
„i
Affiliated Fund Inc
1%
6.43
X
1
4.87
X 5.33
American Business Shares
10.61
American Foreign Investing. I Oo
Assoc'ted
Standard
Oil
Axe-Houghton Fund Ino
Axe
Bond
Inv
Boston
Corp
of
Tr
—
Inc.
Fund
Bullock
—5
Ltd
Fund
Series S-l
Series
S-3
Series
6-4—
6'A
7
1
24.59
S
23.97
Century Shares Trust
Chemical
4.15
Fund
Investors
Mass
Investors
Natlon-WJde
150
6.96
Consol Investment Trust.
1
[67%'
7°%:
Delaware
I
22.13
23.92
National
Bond
1.70
25c >
Eaton «fc Howard—
s
—.—.I
Fund—*
Balanced
26.43
28.26
1
2.64
8.91
Fundamental Investors Inc—2
33.20
36.38
Agriculture
Fundamental Trust shares A—2
6.44
7.39
Inc.
•
Capital Corp—
45
•
General Investors Trust—
58
6.51
6.20
1
New England
Agricultural
r
'Automobile
/
shares
Chemical
,
Fully
Administered
General
bond
:3
10.34
11.36
Putnam
1
shares—
stock
shares
:
.
Steel shares
Tobacco
Utility
6.87
-7.20
■■
*
6.85
Common
—
1.88
Incorporated investors—.*.—^
30.25
32.53
Securities
Aviation Group
shares.
Bank Group shares
19.83
Investment Co
of
America
10
.
18.34
32.12
34.92
34
37
Monarch
Fire
Casualty
22%
National
74%
National Fire
10
44
National Liberty
National Union Fire
1
8.83
13.32
Federal—
—J
16.42
16,78
.
Keystone CustClan Funds—
Series
B-l—
28.30
B-2
28.09
B-3
20.28
of
Franklin
5.35
,K 14.99
.
93c
..
c
series A*-—.
24.61
;
—
a
&
Fire
21.50
9.45
100.13
l'/2s Jan.
1,
19.94
21.75
—
Series 1955—
1
Series 1956—*
1
St
72 >/;
\t
38%
-16%
41!
10
Seaboard
10
Fire
10
Security New Haven———10
Springfield Fire & Marine
12%
Standard Accident
38%
41%
30/32 ^
118% '; 122%
Travelers
C
25
58
Fire.*—
U S
36%
34%
123%
/ 128
10 7 '41%
100 .605
—
——
.
:J> 79
Fidelity & Guaranty.Co..2 /, 47
S
U S
25'A
76
55
Surety—
20%
92% :; ' 96 V2
35%'
23%
Paul Fire & Marine.*.—12%
55%
33%
6%
7%
29% // 32'A
—2
11%
Recent
4
Guarantee.—.
—
44%
620
1
%49
60
V/ 92
39%
•
57'
'
10 ,U 87
Westchester Fire——.—2.50
37
..
Security Issues
'
7.35
2.79
Arkansas
3.13
Cent
3.16
Pub
Vt
Conn
Lt
0.90%
April
100.28
15,
other
100.15
Serv
Pwr
&
-
ser
1975
K—1980
RR 2s .———.*1953
27/bs
1974
Kansas City Southern 4s—.1975
Kans Okla & Gulf Ry 3%s_1980
107%
108
104 3,4
105%
109
109%
109
109%
99%
100%
105%/
106%
V 104
101
102
Products 2%s„1970
Pow 2%s—1975
States
Pacific Tel
Portland
Pub
101%
103%
Northern
&
Gen
Serv
Reading
V
Elec
Co
RR
of
106% %
3%s__1975
St
Western
Lt
Si
108
108%
102%
103
102
102%
105
105%
Louis
—1985
&
102%
103%:
105%
2%s_„_1975
102%
Light 2%s_1975
102%
102%
1975
103%
103%
Service
Power
102%
3V8S——1975
27/eS
Texas Elec
Texas
102%
103%
(Okla) 2%s_—1975
S'/aS—
—1975
Ass
102%
2%s_—1985
(Indiana)
Public Serv
Term
Tel
Tel
3s
1965
105%
105%
Pow & Lt 3%s—1975
107%
106%/
107
1975
102%
102%
Monongahela Power 4.40%—100
Mountain States Power 3s—1975
103%
104%
Ruppert
108
108%
Union
103%
£
107%
Gas
3%s
Lt
Monongahela Power 3s_
:.r» ^
Montana
v
1946
Power
27/8s„
Elec
Narragansett
3s
1975
j:_1974
Par
Preferred Stocks—
100
(Jacob) 4V2
(Cal) $3.75
111%
112%
107
108
-
106%
Oil
;
107;
•
b0.90
issues
1974
2%s.
3s
Houston Lt & Pow
Page 104
Banks—
3%6—1974
Lt
California Water 3%s_—„.1975
Bid
Home Loan
Nat'l Dairy
&
POW
Birmingham Electric 3s
211/4
Bid
Ask
Bonds-
8.35
3.64
U 8 El Lt & Pwr Shares A——X
Ask
0.80%
3::'> 73;,
:-,y
1051/4-
U 8 Conversion 3s
1947
102.20
1003a
101
Panama Canal 3s
1961
133
7
(Paul)
Revere
26%
(NY)
(Texas)
Republic
:; Bid
105
1953-1951—..
65
97
15
11.15
Federal
100.26
Corp
18%
.
_
27.84
Obligations Of Governmental Agencies
Federal Land Bank Bonds—
—-8
52%
>;
115%
93
10.34
10.20
Minnesota
May 1, 1956-1946—
1, 1950-1948
Feb. 1, 1955-1953
—10
10
25.38
23.51
./
Laclede
lVaS Oct
——*10
—
Reinsurance
16
N
69
Fire coin—15
Rutgers
68.
15
24%
American—-———^——#1
Hanover
25.46
FOR NEW YORK CITY BANKS & TRUST COS.—See
2V4S
Providence-Washington ——10
■
Co
7.
1.13
Erie
3s
60
Flpe
Indemnity
9%
98
,172 /
/'
105%
2nd-preferred —..i.——15''
VGreat
59
1.01
110%
62
Preferred Accident
0
5
Hartford
.
.28
10
67
56
0
Globe
.
93%
Pacific
0
Globe & Republic
X 8.41
56
250
Newark..
Fire—*..
Glens Falls Fire
11L05
84c
12.50
63%
General Reinsurance Corp—.5
Gibraltar Flrfe & Marine
10
is.02
•
"
8%
Phoenix
Fireman's Fd of San Fran—. 10
7.68
—1
17%
25%
35 %
9.46
13.75
2Mi
—_10o
15%
,23%
42%
65
Firemen's
53%
50%
10
—.5
;—
40%
167
(
—
—2.50
5
River..
,33 V»
20
4.86
3 D
2.50
Independence Trust Shares
•
'North Amer Trust shares—.-
22.26
Bid
Northern
Fire Assn of PhllaJ**—i—.—10
Diversified Trustee Shares—
30.78
Series
72
.
37 %
33 %
59%
Unit Type Trusts—" '
29.64
Series
Northeastern
56%
^^..——.*—.—10
Fidelity & Deposit of Md
.
Investors Fund O
23%
9.38
;
C—*
New Hampshire Fire
York Fire
11.86
108.85
29 %
North
Pacific
9.71
7%
10
69
——7 0 ^
62
192
182
35 %
80
■
21%
3
6%
/;29%
Casually—2
25%
24
.
Employees "Group*—.*•
Employers Reinsurance *—10
'•
B.——:
0
8%
7
6%
—2
—20
New Brunswick
90
77%
.10
10.79
State Street Investment Corp—
.'
Series
3 - Series
85
■:
66
59
10
Amsterdam
New
7%
13.82
'10.76
.*————•
Trusteed Industry Shares
6%
.8.53
—.1
Shares
25
Continental Casualty
Crum & Forster Inc...
18
Fund—*
Fund
27%
20%
New York
10
Connecticut General Lile—...10
17,19
.
Utilities
Bond
(Detroit)—10
10
.
..
5%
25 '5 71%
41
89
63%
7% ;
—4
Surety
V:
,/
4
New
12.78
12.58
115.66
Trading
Amer
N Y
Fire
19%
93%
17%
3
Merchant Fire Assur
Reserve
1.17
1.26
16.74
10
1
-12%
Casualty
Re-Insurance
City of
Wellington Fund————.1:
21.72
1.06
Mfrs
15.09
Union Preferred Stock Fund—_
1.14
Insurance Group shares..
Stock and Bond Group shares.
Merch &
45;
207/a
Camden Fire—
Unicn Common Stock Fund B—«.
: y/'!';/;•./
Ltd—
13%
19%
3%
Boston new; common.
17.55
—
Sovereign Investors
Union
1.84
Institutional
Selected
/
10o
...
Massacnusetts Bonding
—
10.98
8.60
Standard
5.81
Income Foundation Fund: Inc
13%
26%
'*■
.7.53
•/>,
Casualty
■
v
16.53
/11.63
equipment
Fund, Inc—-i
;/ 7.70
/ 6.46
5.28
...
shares
Maryland
Automobile
12.15
—*
,
RepuDlic Invest FundScudder, Stevens & Clark
6.83
5.87
shares
40
American
y-Xr
4.31
6.21
25
37y2
4
Bankers & Shippers
15198
y'y
7.93
3.91
—.
V;> RR Equipment shares
Railroad
,6,24
7.21
shares
23
Automobile
48
32%
17
9®
42 7
20
Jersey Insurance of N Y
--^/V/jy^V •Vi'-'
Baltimore American——.—2%
11.06
—
«Geo»
—-10
Fire
American Alliance—*———..10
11.31
■:
13.74
Speculative
&
Insur Co of North America—10
■■'
■■
18.82
15.05
10.31
11.31
Petroleum
Homestead
American of Newark
9.58
9.99
—
—
—
Home
50
89J/2
V«k
45
30%
15%
93 %•
5
57%
•/;
.5 // I2:v//0
24%
American Fidelity & Casualty.5
12%
15.35
12.12
Railroad
10.10
Bond
! "■
13.48
Equipment—
Railroad
10.39
9.19
Petroleum
86
Bl«
p«r
Hartford Steamboiler Inspect-10
American
17.20
-
9.77
10.51*
% 10.30
Mining shares———.
3
—
•!:
Investing
Railroad
48
'American Equitable
8.20
17.14
—
...—
Merchandising
/; 10.71:
—
10
—20
;
Auk
96 y2
£\
American
y
5.64
8.71
i MacMnerXXX-XXX—XX
v
9.57
Low Price Shares
,
13.98
equipment
Insurance stock—————*—
8.89
' Merchandise shares—..*—,.
60
-
American
.
7.00
11.24
—
American
Electrical
Industrial Machinery sharesInstitutional bond shares
a
5.46
'
'• Bid
93'/2
55 Yt
Life
Agricultural
*.\;'■>'ft
supply
9.46
shares
shares
10.74
17.03
—
stock
;XBuilding
14.42
6.36
a, Food shares
a
\ 7.93
.
Fat
Surety
'
11.08
7.21
Si
10
Aetna
•
New York Stocks Inc—
Diversified
13.14
80
„
8.73
?
—
6.55
7.40
11.73
10.09
shares.*
: 8.82
5.85
5.08
7.94
Electrical Equipment—.*—.
10.62
8.02
Diversified Investment Fund
Building shares
•
6.93
9.72
! 10.68
?
—
8.16
6.27
9.56
9.89
v
—.
shares
Aviation
9.20
—
Preferred
/•' 98%
Insurance Companies
'
Aetna Casual
Aetna
Fund———1
X: Chemical
shares
"
12.76
X.X
...
xxXx• -'v.;-.;
Business
•'
Grottp Securities—
11.80 i
series
Speculative series
Stock, series
X Bank
*
^
)
4.92
Aviation
General
17.71
1
3';-
Fund——5
X;
25%
58
58
St Louis & San Francisco corn-
69%
23'A
82%
102
16.68
7.43
Automobile
Trust
30 %
67%
31.37
.16.34
Selected series
8.01
Mutual
!
15.22
^Preferred stock scries.
2.41
Industrial Fund,
Financial
28%
—
*
r-/
Low priced bond series
Low priced stock common—
17.60
First
'v'.u' -/
15.51
—
stock
28.85
—
YA/iXXX!•."
Fidelity Fund Inc—XX--——• :v
com.—
Grande
Rio
19.43
16.21
series.—;
16.46
Fund
'....v.',;-; J-y
' U
1
series
26.79
Stock
,
100
78
10
Inc
Securities—
Industrial
1.86
29.17
—J
Fur-d
Security Series—
-y; Income
J^jyldena Shares
2d
Fund
National Investors Corp*
6.40
...
Trust
Invest
X Balanced shares
1
p-
9.49
10c
14.20
Commonwealth Invest——
Fund—.
—'
Common
13.13
•
80%::
—
St Louis & San Francisco—
8.10
&
Manhattan Bond Fund Inc—
4.75
3,050
4%s
79'A
64.50
Mutual
Christiana Securities com—100 21,950
145
'£• Preferred
...100
Denver
;
Preferred
1st 3-4s income
48%
77»/4
120.00
37.42
1
100
.fi
Income 75-year 4%s__
7.33
117.60
34.80 1
—*
98
46%
preferred
106%
96%
-53.41
Mass
Canadian Inv Fund Ltd—*...1
—2019
1st 50-year 4s
Fund__10
//PHaXX/AX: •33 i
43.83
21.89
•
4%s
*
100
Common
5%
8.50
-
Fund—*
Fund
Loomis Sayles Mutual
Loomis Sayles Second
26.44
40.54
.....1
!
Income
16.77
7.65
Knickerbocker
v
110.06
income
—
Chicago Rock Island & Pacific—
Jv 78A;
& Pacifio—
104%
Conv
18.91
15.25
76
Ask
Bid
102
Denver & Rio Grande—
: v
33.51
17.19
-
—2003
t
23.96
30.53
S-2
40.74
105.66
—
12.62
If Issued)
Ask
!■
100
1st 4s
31.18
and
as
A
Stocks
1983
2nd 4%s
■('/.A:
21.88
:
V;
Bid
A——
Chicago Rock Island
28.34
.
'19.91*
—.
Broad Street Invest Co Inc
13.14
Ask
11.50
B-4
18.52
-
America
K-2
Series
-
37.85
t
Bid
f,r
(Cent, )_*■.;:/
Funds
K-l
I
7.03
v:iy- 8% XX Series
8
)
Houghton Fund B
A Beneficial
X' 8erles
ivf Series
11.63
12.11
shares—
/;
/-XX
:"S '
Indianapolis & Louisville—
■': 1st 4S
Keystone Custodian
Aeronautical Securities
1-953
1-1288
(When,
Funds—-
NY
Teletype
Security Dealers Association
X'X"**7
Mutual
Co.
&
Members New York Stock Exchange
Members New York Curb Exchange
X' / X
; •••
JP1
IV
Shaskan
SECURITIES
3
•
:■
—
United States Treasury
134
Rates
Bills
quoted are fw discount at purchase
■'
v
Quotations For U. S. Treasury Notes
Figures after decimal point represent one
Maturity—
tMar 15,
tDec 15. 1946
tMar 15 1947
tSept. 15, 1947
tSept. 15, 1947
tSept. 15. 1948
• -»
Int. Rate
1946
1
.
%
1%%
or
more 32ds of
Maturity—
100
100
Certificates
ioU.18
luu
t%s Feb.
1. 1946
—
100.28
100,
f/as March 1.
2%s April 1,
—1V*%
100.15
100,
t%s May 1,
—IV»%
101.6
101
J%s June 1. 1946
100,
/' t .09%
Dollar Price 100 Pint
Indebtedness—
100.12
1946
—
—
Bid
.0157
.0135
.0226
1946..
t7/aS Aug 1,-1946.
1%S Sept. 1, 1946
t%s Oct.
.0237
.0288
,0308
.0350
.0322
.0200
.0362
.0309
.0488
.0243
.0439
i'/es
Jan.
1,
1947 wi„
1946
28,
1946——.
:——
Ask
bO.375 0.34%
b0.375
0.35%
bO.375
0.35%
1946
b0.375
0 28%
February
1946
1946————
bO.375
0.32%
March 7, 1946—
b0.375
0.33%
March
1946—*—.—
bO.375
bO.375
0.33%
March 21,
1946
bO.375
0.35%
bO.375
0.33%
March 28,
1946
b0.375
0.35%
bO.375
0.35%
1946---—.-?1946——
February 14, 1946
.0384
.0195
.0221
.0177
1946———.—
February
21,
bO.375
—
0.34%
14,
—
1946.
April 4,
0.35%
.0255
1, 1946
t%s Nov. 1. 1946.
1,
February
.0325
.0175
$%s
Dec.
January 31,
7,
„
.0208
.0231
—
10,
;; January 17,
January 24,
'
Ask
.0168
1946.
1946.—,
July 1,
/January
Bid
Ask
Treasury bills—
point
;■
of
iys*
-
a
Bid
a
to
name
lot sales. ' b Yield price,
d Deferred delivery,
e Ex-interest, f Flat
price,
k Removed
Exchange,
rCanadian market,
sCash sale—not included in range for year.
tEx-stock
(Un) Unlisted issue,
x Ex-dividend,
y Ex-rights.
;z Formerly Athey Truss Wheel Co.;
Odd
Stock
dividend.
.
changed effective Sept.
17,
1945.
.■
"
*No
par
value,
tin default.
furnished by sponsor or issuer.
tThese bonds are subject to all Federal taxes.
,
:
AQuotations not
*
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, January 7, 1946
Week
THE COURSE OF BANK CLEARINGS
Bank
this week will
clearings
show
increase compared with a year ago.
an
Third Fcd«ra) Reserve
Preliminary figures compiled by us, based upon telegraphic advices from the chief
cities of the country,
Bethlehem
'
:
total stands at
$12,637,285,159 against $11,006,931,360
the
for
for the week follows:
,'
-
-
,
>
-
"1 V
' ■
*
■
-
r
562,531:
385,662"*^
.
602,000,000
-
.
—
.
1,530.430 ;+■-
,,
.
York
New
7#$'
1,588,381
Jersey—Trenton—,
5,596,200
cities)—.—'—*
7 Total (10
617,462,049"+
,
by Telegraph
Clearings—Returns
Week
,
2,791,500
iv 1,592,724
I
"
29
:
839,962 "
"i
.
Reading
Scranton——.
week in 1945.
Our comparative
IM
—„—.
Chester.—**"""
Philadelphia—
Our preliminary
,7
,
„—,
Inc. or
574,658
Lancaster
same
gain for the week ended Friday of 14.2%.
At this center there is a
summary
possible to obtain weekly clearings
above those for the corresponding week last year.
will be 14.8%
District—Philadelphia—
Pennsylvania—Altoona-'i-ra.,^^.
indicate that for the week ended Saturday, Jan. 5, clearings
for all cities of the United States from which it is
Ended Dec.
1944
Ending Jan. 5—
Fourth
Federal Reserve District—Cleveland-
New York
Ohio—Canton
Chicago.:.
107,4
Cleveland
-
_
Columbus
Boston
Kansas
3,1;
—
Cincinnati
Philadelphia
205,6
16,C
—
Mansfield
City
j '
„
5
.
3,C
Youngstown—
St. Louis
—-
3,5
Pennsylvania—Pittsburgh
•++ 216,6
—■
San Francisco
Pittsburgh
Total- (7 cities)"—*.-.,
-——.
Cleveland
Fifth
—I**.,
Ten pities, five riaya
y."
Other cities,
77:'7777:'777:.;' -i;
—
6
.
—_
79
——,
South Carolina—Charleston—
1
Maryland—Baltimore
'
135,
District:of;Columbia—WashingtonTotal
(6 cities).——
.48
.
272,
—
253,734,551
foregoing will appear^
12,198,283
37,252,932
going to press.
has to be estimated. 7
and the Saturday figures are not available at time of
Accordingly, in the above the last day of the week in all cases
122,100,000
2,027,636
1,972,549
detailed statement, however, which we present further below,
In the elaborate
47,904,347
41,748,777
results of the week previous—the week :'
able to give the final and complete
are
Richmond
We cannot furnish them today, in as much as the week
issue of next week.
ends Saturday
we
1
.
Virginia'—Norfolk—.—..
;77i7-;77i7f: -:y77#7f:777:-■v'-77777i':'7;77
v77;'
■
Complete and exact details for the week covered by the
our
648,535,865
556,0
Federal Reserve District—Richmond-
West Virginia—Huntington
<
+14.8
$12,637,285,159 $11,006,931,360
Total all cities for week
,{
+12.4
2,013,397,826 7+25.5
2,527,457,032
—
+12.5
+12.2
$8,993,533,534
.$10,109,828,127.
Total all cities, five daya
■^Estimated,
$7,383,360,029
1,610,173,505'
$8,303,127,815
1,806,700,312
—
five days———————
All cities, one day
in
—.i—.
:
,
For that week there was a decrease of 1.9%, the
ended Dec. 29.
::
1944.
4,318,393
212,290
72,719,420
having amounted to $10,486,575,218 against $10,689,269,343 I
Outside of this city there was a loss of 4.4%, the bank7
ings for the whole country
in the same week in
aggregate of clear- /
Total > (10 cities)
decrease of 3.6%.7We group the cities
according to, the Federal Reserve Districts in which they are located and from this;*
clearings at this center having recorded a
it
this city) the totals show a {
and in the Philadelphia, Reserve District of 3.0%, but in the Bostorl7
decline of 3.5%
show
Reserve District the totals
District the totals
totals
Seventh. Federal Reserve District—Chicago— ' •$ +
Michigan—Ann Arbor
that in the New York District (including
appears
-
District of 7.4%- and in the
Reserve
Dallas
the total§ register
a
'}In the. Kansas City Reserve District there is
gain of 5.1%.
tae
in th$:Minneapolis .Reserve .pisirict
but
an increase of 2.5%rin7
San Francisco Reserve District f,
'M
'
Mm
7,
*
9,274,638
-
—
Des Moines—
——
■;
..y:
y
r
Springfield—,——.,
6IJMMART OF BANK CLEARINGS
Week Ended Dec. 29—
Federal
«
Districts
Reserve
■+■
Philadelphia —-1_— 10
6th Atlanta
7th Chicago
9th
12th San
7
Outside New York City—
"7
South
'
V
'
£ j
-
—«,
+ ++
;.
—.
Island— Providence———.
Hampshire—Manchester
Cities)
,
$
665,123
'
1943 •
Inc. or \
/
'
t
\4
\
"
t,
+61.6
—
Binghamton
;! 325,000
1,289,732
+
3,418,449
+
8.9
14,955,803
+
4.1
3,721,638
6,668,510
'?, 5,835,842
—14.4
;
413,874,094
820,779
390,763,819
Lincoln-
+
+
(12
New Jersey-!
4,794,166
188,990,665
173,103,747
If
2,585,393
5,546,384
5.9
:Jf
Dallas^———
6,822,292
Fort Worth
540,798
558,879,000
1,066,482
930,474
6,297,890,233
—
9.4
Wichita
3.8
371.854.910
—26.7
+
61,228,000
953,359
0.01
1,024,214
—
3.6
+ 5,163,358,709
12,748,911
+
1.2
12,894,597
6,093,386
+
4.6
6,240,317
+13.7
461,611
—
elties)
1,506,938
+
402,096
31,370,904
41,250,788
6,245,908,336
46,576,203
6,469,779,073
+14.8
—
5.7
479,434
"
27,005,196
989!972
I,316i977 1
4,74+435*593
ll!668is21
-
5,39+895
(6
,
.
,
6,514,885
169,938,606
+ " y 6,241,679
5.5
"■900,000
+18.2
2,641,797
109,684,000
'
+14.2
y
+ 16.2*/
.
•
.
2.5
763,554
y
760,510
257,289,421
.
"y'y.
-
^
452^850
38,536,256
4,895,659,204
:+ 12,286,895
y.
y
;
81,770,413
2,403,543
2,463,524
+ 59,846,246
.:yy^;31,322,408
y,
7,033,873
63,429,406
27,923,493
7,347,848
.
.
. : .
-
y *
(10 cities)—J—
New
+7,500,000
496,653,824
——
(111 cities)————v
York
.
j
t
''S
2,865,783
93,062,329
'
10,830,292
2,879,000
"
' :
1,864,000
1,025,099
."1,135,685
5,541,113
y/'
121,306,370 1
;•
5,820,708
:
—
137,072,654 /•+ -7.4
;
Stockton—
Total
V
—————
—
Francisco
1,687,158
;
,
,+ 10.6 "
99,174,000
+ 2 6 yyy m,000.000 "
3,819,000 —20.7
1,243,126
+54.3
7,397,836 —19.2
4,850,365
vy 4,335,469
296,552,000
287,243,000
San Jose———-ly-vry-;' 5,777,063 y
5,627,652
Santa Barbara
;
V 2,601,972
2,102,834
San
Outside
57,24+784
,
78,766,354
Ii
Pasadena—
Grand Total
5,342,882,500
,
.y
-
Yakima—
27,533,498
3.5
•
.
115,578,797
.
District—San Francisco-
5,691,233
-
•
147,173,201
Oregon—Portland——:
Utah—Salt Lake City
California—Long Beach
••
'
<
3,015,704
121,359,000
-5,240,581
cities)—
Twelfth Federal Reserve
.
;
—11.4
—
3.4
+
Washington—Seattle-.
51,291,221
6,199,719
29,595,250
2,652,681
9.6
+
5,391,886"'
y^.^ 12,609.310
-e
6,841,250
•
5,385,390
'
+30.2
—
176,219,400
+++> .3,030,000
1,918,606
—
Falls
407 484 719
1,671,474
^+
—*
4
Galveston
593,965
y.y+
/
66,125,590
255,852,534
Louisiana—Shreveport
5,437,624 '
1.8
262,20
Texas—Austin
19,972,500
+
3,223,648
+
965,767
Eleventh Federal Reserve District—Dallas—
3,339,137
19,260,700
8.1
.
0.8
+ 1.12:
——
1,068,268
'
"
+
7,565,325
v
6,84
182,27
+..y 5,09
:++ 1,06
—v
Total (10 cities)
18,600,661
7,093,025
„
t..;- 3,68
:
.y
+13.2
.
+
—
+66.8
^
,
-27
4,575,974
18,522,624
\
y
113,181'
+ 240,118
3,315,157
57,303,224
2,831,376
18
+
3,34
"58,32
—————,y,-
Pueblo
+ 973,102
City-
y: +
Colorado—Colorado Springs
541,683
6,371,633
...
Jersey—Montclair—
Northern
882,000
280,978,652
203,075,521
——
St. Joseph
346,437,640
4,630,306
v
+120.3
1,386,543;. +
53,749,000
12,917,273
Newark—
Total
9,194,524
930,588
Connecticut—Stamford
New
:;
;/
——~
.—-1-——
Wichita—
900,849
1,179,863
S
S+y
20,257,434
6,070,983,799
——
——
Rochester
Syracuse-.
(7 cities)
Missouri—Kansas City
.3,937,087
'
833,612
+14.3
-.21,681,600
,
781,652
—
York—
1,829,229
1,798,546 "*
1,477,174
Omaha—
789,829
387,324
0.7
*18,555,100
'<■
3,751,495
1.3
-
"
314,098,202
+81.1
4,501,241
.15,564,289.,
■
•'/'
7.2
5.5 "+-
1,306,717
1,516,283
——
JamestownNew
4,692.171
1,696,216
•
—
————;
Hastings——,
y
•*"
538,209
21.7
+
1,020,584 ' +
Reserve District—New York—
York—Albany
Elmira
7
;i M).
Nebraska—Fremont_*v--^—-v
1942
$
Dec. %
3,966,208
332,883,458
"
886,924
—
Buffalo-
i-.'*
2,004,327
1,724,538
568,869,061;
283,39
Dakota—Aberdeen
Total
Second Federal
i1
+30.6
+12.2
69,058,767
43,437,885
Tenth Federal Reserve District-+Kansas
■
,
>
4,471,143 ' "
———.
Worcester—
New
171,260,662
167,600,000
Kansas—Topeka-
588,687
—~
(12
*
- 1944
+
356,853,007
Connecticut—Ilartford—,—
Total
H
1945
$ i„.v.
—1,076,682
Springfield
Rhode
'
Week Ended Dec. 29
•••#>• 3,106,566'.!'.'+
—
River
Haven-
"
1,074,831
—.
Lowell
New
;r Z
' *
District—Boston—
—
Massachusetts—Boston-
New
'
-
Clearings at—
New Bedford;
475,713,186
7 4,276,518
: 66,90
;y*
Helena——
four years:
'0
Fall
8.5
3.6
7.1
——-
Montana—Billings
•
—
—
detailed statement showing the figures for each city for the
week ended Dec. 29 for
Portland
2,041,468
1,565,467
—
*
—
We now add our
First Federal Reserve
—
1,671,003
6,095,819
386,012
i,—168,00
—
Total, (4 cities)
Total
Maine—Bangor*.
512,591,850
2.5
5,181,507
Minneapolis—139,838,722
ft Sti Paul-J!
^
:
? 46,755,308
North Dakota—Fargo
3^32,428
44
111 cities
-
14,745,0911:
W"8,180i311>
v
445,297
444,732,983
SV 1,847,065
526,812" +
Minne8ota^puluth—*»——
M
10
Francisco—
2,465,070
16,752,807
" 6,301,025
Ninth Federal Reserve District—Minneapolis—
4' :\
10
—
H-.*
>
-
44
\
6
City
9,740,721
34,294,405
1,694,293
44
4
—
Total
v
17
Minneapolis
10th Kansas
8,790,105
33,815,465
47*49
Illinois—Quincy^^.^^.s 99
44
Louis
11th Dallas
Kentucky—Louisville
Tennessee—Memphis
6
——
5,390,082
0.6
+21.3
—
Eighth Federal foserve- District~*«St, Lou!s~~
44
10
—
30,629,000.
604,972,442
-
Missouri—St. Louis—
7 :::44
5th Richmond
(17-eities)
2,894,003
7
York—.;—12 : r*' ^
4th Cleveland
8th St.
Total
3,733,766
29,481,000
Y 5,986,179
Ir
1944
1945
.
12 cities
1st Boston
2d -New
3d
-
0.5
2.7
+26.8
2,665,393
r,l7bb,y84
Rockford.
.
+
—25.6
1,695,006
5,665,343
v y.
r...
1,692,623
15,654,825 - +15.8
5,851,033' + +■9.7
—,
Pwnrfa.
4,966,252
—
•
6,200,000
;; 9,327,883
+35,231,053;
,y 42,723,302
2,148,763
YY 18,125,855
d^nr V
•rr..il|iir '^lliyi I'-j l
r ii''" y "
6,421,166
Illinois—Bloomington——
A +539,809
" Chicago-^--—
—■
;
469,891,609
;7;' Decatur—-——L'
I
1*610,914
.
of 2.0%.
—
Rapids—1-
Iowa—Cedar
:
1.3%,
of
District
Terro Haute-
457,225
4,565,303
2,424,794
+
29,200,000
0
"*500,000
+ 32.1
3,030,092
Indianapolis
\ 28,404,000
Berid,-»w—4,614,491
South
Wisconsin—Milwaukee"^,*.—-
J
the totals record a loss of 5.5% and the St. Louis Reserve
Chicago Reserve District
i
?.
0.9
—46.6
5,112;356"
4,074,468.
Y
L—..
567,065
5,157,748
In the f
and in the Atlanta Reserve District by 5.8%.
larger by 2.0%
are
improvement of 5.9%. In the Cleveland Reserve i
an
Grand Rapids——
.
smaller by 1.8% but in the Richmond Reserve District the *
are
749,355
.
yy Lansing-—2,174,730
Indiana—Fort Wayne
3,848,342
;
.
:
7,099,382
486,743,639
10,486,575,218 i 10,689,269,343
4,415,591,419
4,618,285,544
—
3.7
—
2.4
83,686,623
; y y
;
5.6
+12.2 ''
—
4.3
+11.9
+ 3.2
+ 2.7
+23.7
+ 5.6
—
+
7,140,868
4,468,793
.
83,444.250
1,753,551 J
72,212,959
27,260,523
1,450,320
73,617,477
27,344,560
V,
6,540,780
3,089,060
251,385,000
;
290,685,000
3,784,191 >;:
1,583,223
Vv
4,024,453
.+
,
4,210,099
1,930,296
2,911,677
+
2.0
457,300,184
495,223,519
—
1.9
4.4
9,487,284,091
4,323,825,382
9.024,338,050
—
4,279,807,443
"y
Number 4453
163
Volume
■/'
:
CHRONICLE
THE COMMERCIAL & FINANCIAL
qpmpany and issue—f
Foreign Exchange Rates
'FOREIGN EXCHANGE
Shell Uhion Oil
theTFederal Reserve Bank is now cer¬
rate for cable transfers in the different countries of the
DEC.
' '/.
/..
INCLUSIVE
JAN. 3/1946,
1915 TO
28,
'v-'
Shoe
Buying Rate for Cable Transfers In New York
Value in United States Money
+
Country and. Monetary Unit
Argentina,,' peso—
Oiiicial
■;
?r:7i
'////V:;':
i£J.
—
■.77/
Gen.
&
Buffalo
.022833
.022833
.022833
.
'
'3
ref. mtge.
'
' ;
-
.060602"
-
.051802"
.060602"
.051802"
.060602"
•'
(051802" 7
'
.060602"
'■///■;.
;.■■/ v •*.
.909090
.909090
.906250
.904732
Free__
franc—
.008410
Mexico,
Official—
'
V .7/?'
4.005000
Uruguay, peso—"
"
.
'7
5Vo
,.909090
' (903750
,
;7:
1
i'}} /V;./
Great
.379327
.902500
.562900+7/7
Noncontrolled——.„
.903750
7.
4.005000
.562900"
.658300"
<
City Southern Ry.—
■■
■
■
Jan.
Plan
J'/4%
$5
Redemption fund for F.
-ir-'r-'
gold' ct£ reserveal---"
17,862,924
notes
Other
cash
loand
Industrial
sO.
7
222,482
Certificates ——i,..—:
Notes
.7
8,941,011
1,543,100
'
premises
214,534
:/• i
^10
\«f
2,345,152
,,
-+7,t 52,827
86,085
;
....
-
: +
163,782
+
U. 8. Treasurer—gen; acct..
'•
—
Tpfcal deposits»*
Deferred availability Items—-.
+
1,814,186
26,777
+
"
.
Total liabilities & cap.
Ratio
of
liabilities
Commitments to make
<+163,782
''
i-
v
Interbank
41.9%
+
+
1,646
—
Condition Statement of Member Banks
The condition statement of weekly
of
banks
the
an
Government
bonds
increased
and holdings of "other securities" increased
Demand deposits adjusted declined in
$43,000,000
$40,000,000.
nearly all dis¬
tricts, the principal decreases being $134,000,000 in the
Chicago District, $90,000,000 in the Cleveland District,
i
.
5,163
+
604
Aircraft Products,
v
—418
*
+
''Announcement
;
Inc.—
*
'
-
-;
%+1,714/; first
47
—
in
tind+U«
8.
•
Ck>v't
—166
1,162
1,230
271
+
8
+ '
:
;
+ 123
+
,
,+^
which
-
300
.
accounts,
—...
^,h •
12,801
■
.
-
this
issue,
Then
tin
■
■
.■'•,+■./■■■'f//
4%
a
.
list of corporate bonds, notes,
follow with
we
and
Investment News
Page
••
§3192
§3193
Date
.
57c
All
V
1
§2822
,-
mortgage bonds.———Feb 28
/
*
Page
§2636,
/
1
Co.
+
preferred
$6
572%
Appalachian
47a%
.
Finance
Rubber
Aircraft
&
RR.
6%
>
Ami
Class
—T'
Campbell
$2.50
:
—L_———.—Feb
1st
Central
River
due 1S54..——.—
Feb
67c & 5% pfd. stocks.Jan
4(^s
due
Co.,
7
Corp.—
1979—
1st mtge. 5%
bonds,
.
,
15
12
§3080
• "
(L.
Hudson
4%i: pfd. (quar.).._ t/";/ $1
20c
Co. (quar.)—
preferred (quar.)— _. 7 $1.25
2-1
2
*
1 ; §2312
preferred (quar.)
68 %C
—
17V2C
——
.:.
(year-end)
common
—
(quar.)
1-19
1-
2
12-31
1-2
12-31
50c
2-
$1.75
;v. AVzr/c
preferred
"1-15
2
1- 2
12-26
";
above
Issues.
&
——:—
now
———
—————
-7 <■ 77777i+'f7,/Supply—:—
Electric
5%
preferred
(quar.;
f
12-13
/ 1-16
$1.12 Va
I"
2
.7/
12-28
■yty
$4
2-15
1-21.
$4
2-15
1-21
12-20
50c
1-2
$1.50
2-15
$1.25
2-15
2-15
$$1.25
1-15
Corp.—
preferred series A (quar.)—
7;, Cumulative preferred 57<> series
Enterprises,
,
cleared on the two
6%
Combined
7
7
12-13
1-10
$1.25
Builders
Gas
1-
12-27
1
■
•7:*
.
12-28
—•———
(quar.)
are
7/
5 '•■
2-
12c
(quar.)„
,
;;
Electric Corp.—
——
preferred (accum.)
arrears
1-
Ltd.
preferred- (accum.)
The
I!
,
1-15
1,
r.
i:
1-31
37»/8C
Central Illinois Public Service Co.—
$6
i.'-1:.
71-15
$1
62»/2C
1
1-31
$1
—
1-15
3- 9
1
62yac
r_
12-20
1-21
7 c-..75c
(s-a)
common
.
1-21
1
4*1,
:
>
12-27 '
U 3
2-
&
&
1
•
4
12V2C 77; 2-
—
——
1-
i-c
•7/1- 27
45c
;
(increased)—...
Y.)
Corp.,
Gas
(quar.)
1-15
12-31
12-31
(quar.)—
,
—Feb
1952—-Feb
1
'.+ 1-15
.;+7
Co.,
1
7'/2C
(quar.)——;—
class A
E.)
"
3
1-15
(N.
Investors
Common
Cleveland
>
1-10
2-
$1
-
-
*7
Columbia
Electric Corp.,
Power
mortgage
Salmon
§3196
1
1
Bridge Co.-r-
1-
2-
$1.12 W
...
(year-end)._
{
Stores, Inc., 7 % preferred—M
S.)
1-U
,K 2-1
(quar.)—— ;?7 U0c
1-4
5c
Cc._———;
1- 5
45 >/sC
Carreras, Ltd., Amer, dep. rets., class A—
1- 5
5V2c
American
deposit receipts, class B—__
2- I
56V4C
Carrier Corp.,- 47a%
preferred (quar.)—___
,
,
Philadelphia Electric Power Co., 1st mtge. 5725 due 1972 Feb
(A.
12-21
1-16.
t68%c
(quar.)—-rr—
Carpenter
*
§3191
*
——7..':
/
(quar.)
preferred
12-24
2
2-1
$3
——
Brothers—
Canadian
1
1
^
Co.,
B
2
1-
1-15
$1.75
•—T
Stockyards,
Shoe
1-
•V
V/zC
Corp.
preferred
Berland
§2639
Co.
1-15
1-31
$1.25
$1.75
12-20
1-10
/
%
Co.—.
Trust
1.
;:.77 75C,
(quar.)
...
Co., 572%
Bellanca
Northern
Power
12-24-
—_———————
5%
Co.,
Baldwin
7
672s
of Pea.
2
20c
Bldg.—
class A
Corp.,
Sewerage
Powder
77 6%
&
Holdert
Power—
City
Atlas
— __—
(quar.)
(quar.)
Atlantic
§2639
1
Water
Electric
Mills
(year-end).
City Electric,
Light Corp., 572%
3 72s due 1964.
pfd.
(quar.)
preferred
Financial
Astor
deb. bonds due 1957_Mar 1
7 *
Inland Steel Co., 1st mtge. 3s, series F, due 1961
—Jan 10
§2943
Lake Superior District Power Co., 5% preferred stock..Jan
8 ;; §3075
Gas
^
v
$1.50
i
5 7c
7%
(accum.)
preferred
Arlington
1 '
.
Food
(Wis.)—
7%
Dairies,
Mart
*
mortgage
v
When
pfd. (quar.)
preferred (quar.)
Furniture
Bunte
bonds/series E, due 1969...—.Feb
G, due 1974——;„Feb
Chien-Marquecte
;
v
Payable
(quar.)——
(quar.)
Corp.,
Furniture
Bon
1
1
1st mortgage
+
Share
pfd.
Corp.
American
§2814
Co.—
Co.
f
'
table in
'
(year-end)——
American
Belt
REDEMPTION
stock, .series A,
—Feb
37a% debentures due 1962—Feb
Fair Stores, Inc., 37a
debentures.^—_i__
Feb
Power
Petroleum
American
Bankers
bonds,'series C
6%
Co.
American Aggregates
Auto
§2824
—Any time
preferred
States
Products
Atlantic
§2822
Empire Gas & Fuel Co.,
Harbor
162.
previously announced, but
Company
Super Markets,
Metal
Amerada
• •
Illinois Power &
second
a
^
Class B
.
bonds, series A.—.—... ...Apr
bonds, series B—^——....Apr
mortgage 472%.
Albers
.
1
1st
§3241
§In Volume
Department" in the week when
Anglo-Canadian Telephone—
TENDER
OF
bonds due 1947
mortgage 3% %
Rochester
20
161.
Industrial and Miscellaneous Companies
.Apr
Safe
§3122
Per
.
Terminal
Union
du
....Feb
§2862
:
19
The dividends announced this week are:
cfc Grand: Island Ry.—
1st mortgage
Prairie
Volume
show the dividends
we
Name of
mortgage 5727o
$5.25
Jan
which have not yet been paid.
Further details and record of past dividend payments in many cases are given
under the company name in our "General Corporation
Cornell-Dubilier Electric. Corp.—
-.
1
"
i
;First mortgage 2%% bonds, series
Union
Terminals Co.—
1st
§3121
10
are
current week.
10,697
—
Cleveland
v
/
*
grouped in two separate tables.
In the
bring together all the dividends announced the
we
+ 2,303
Company andlssue—
.
•
Date -;
Buyeruw-ixie Xiu.; preferred stock————..——,—'—rApr
1
Chicago & Western Indiana RR.—
;
'
1st 8c ref. mtge. 474% bonds, series D, due 1962—..—Mar
1
1st
:
..
debentures due 1952_—_Mar
DIVIDENDS
Dividends
/•
1
...
PARTIAL
First
v
.
stock....—1._____Jan
805
+2,514
7
35
+
9,327
16,145
:'/■ 451.
1st mortgage
■
*
12490
§2313.
;/,<v
Pacific Co.—
Cincinnati
;
■
'
Notices
Joseph
§2862
§2687
*
gold debentures bonds, series A. due 2022—...July 1, '47
Textron, Tnc./prior -preftfrence
_J____^_Feb
1
Washington Gas Light Co., $5 preferred stock—.
Wilson & Co., Inc., preferred stock—
+ * 454
4
40
+
■^1/
■
5!/2% convertible preferred
United Light & Rys. Co., 572%
-
182
—
43
+
■—■
754
+1,076
^7-5
"" 10
3,363
—'
adjusted.—37,556
San Francisco Terminal 1st
St.
v//*
purchas¬
carrying United States Government obligations
declined $39,000,000 in New York City, $28,000,000 in the
Chicago District, and $94,000,000 at all reporting member
banks; loans to brokers and dealers for the same pur¬
pose increased $24,000,000; loan to brokers and dealers
for purchasing or carrying other securities declined $36,000,000. Commercial, industrial, and agricultural loans
increased $27,000,000.
■// -/. ;•"////;::r /.
Holdings of Treasury bills declined $169.000 000 in
New York City, $40,000,000 in the Cleveland District/
and $288,000,000 at all reporting member banks.
Hold¬
ings of Treasury certificates of indebtedness declined
$28,000,000 in the San Francisco District, $24,000,000 in
the Chicago District,
$21,000,000 in the Richmond Dis¬
trict, and $32,000,000 at all reporting member banks, and
increased $44,000,000 in New York
City. Holdings of
States
.
:
Light Co.—
§1930'
24 *
/ 6%
United
.
32
—
bonds, series A.Jan
11
•* \/k>i v
Southern
or
United
9
—A
—288
1,674
11,186
9,073
1st ref. mortgage bonds due 1949-Feb 28
674 7o preferred stock
Jan 21
Lnternational Utilities Corp., $3.50 prefened stock—.Jan 26
Oregon RR. & Navigation Co.—.
4% consol. mortgage bonds due 1946
.Any time
Oregon Bhorfc Line,RR.—
.
•
Consoi. 1st mtge. 5 %; bonds due 1946
—Any time
Loans to other than brokers and dealers for
ing
+
&
121
Company and Issue—
increase Of $123,000,000 in bor¬
/••:''
33
Howard Stores Corp.,
ings of Treasury bills, .$104,000,000 in reserve balances
with Federal Reserve Banks, $109,000,000 in balances
with domestic banks, $418,000,000 in demand deposits
adjusted/ and $166,000,000 in deposits credited to do¬
,
+
■
7i( 25"
t»
Central Pacific Ry.,
ended Dec. 26: Decreases of $288,000,000 in hold¬
banks, and
Power
+
NOTICES
Federal Reserve System in 101 leading
the: following: principal changes for the
shows
week
rowings.
Texas
+
reporting member
cities
mestic
79
preferred; and common stocks called for redemption.
Including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
2,163
1.2Q4
+
//+
Beiow will be found
6.8%
: ;/.
City Terminal Ry., 1st mtge. 47*
14
4,925,113
indus¬
trial loans
v
•
§3120
1st & ref. mtge. 3%% bonds, series B, due 1964_;_—Jun
1
Syracuse Gas Co., 1st mtge 5% bonds due 1946
—Any time
Redemption Calls and Sinking Fund
'.V
^
,
Texas
declared.
~»V
.2%
■
..
969
—109
u
•
aue
+
demand .deposit accounts except
to
is
10
•
Oebits
mtge.
94
—104
Domestic banks
263
'
§3120
asc
§1678
! V
Southwestern Bell Telephone Co.—
130,202
+;:,Av
§3119
alectluc uo;,
Inc.—
a
Stores,
159
10,133
668
2,416
—.
Foreign banks.
—44,630
45,014,433
contained
+
14
Bros.
486
12,938
.—129,019
;• 27,428
24,049
to
serves
note
accts.^
gold -certificate re¬
deposit and F. R.
*
o58,J55
1966-_Jan
Sterchi
+
—
1,6901 '£
/•during;week,
'
§2824'
+
-u:
——
.Interbank deposits*
+4,826,340
+
§3118
1
36
-~
U. S. Government deposits
863
1,501
i
+130,202-;
;+
263
+
15
Feb
24
432-*
'
••Time dep6sitsl>l......c.^w—.—.
,
.177,337
Jan
due 1952
1st mtge. 5s,
■»
v
1
+
26,598
Borrowings.
+160,835
1
§3080
2
—
Liabilities-
84,728
'
stock_Feb
27,^
'/t $
•
+
2,495
—.-
Demand deposits
57,177'
+1,848,677
+
5*048
t
Biuux;City Gas
Balances with domestic banks—...-—..—.
366,565'
+.i >
435,633
—
-■«*; 7,733
44,427,264
Capital Accounts—
' j
Capital paid in__
Surplus (Section 7)-—T
Surplus (Section 13b)_——
Other capital accounts....—
—
.
1
750
—
Cash in vault.—.
179,324
+
-9,905
—168,227
17^970,477
;•>
OtherUabs„ incl. accSrd.:diV8.«»
Total! liabilities—'—
+.-
'445,657'
Other 'i..—-J,1', A'-i
(
—
§3079
-
+
—
—
.
/ 6% cumulative first preferred stock.
——_Jan 15
r/ 5% non-cumulative second preferred stock...;
Jan 15
U.S. bonds
+1,978,741
242,458
—427,557
853,531
foreign
:
+
15,900,136
771,153
bank—reserve acct,
Member
;
27
Obligations guaranteed by U. S. Government
+2,892,072
-101,523
24,634,868
:
'•.
Salmon River Power Co.,
.Other securities...—...——
———
Reserve with Federal Reserve Banks..
Deposits:
Co.— / ;
7,996
banks——.—L~.
rreasury bills—^
1
.—Mar
1962—
mtge. 4%
2,843
Treasury certificates of indebtedness
4,925,113
1
1 v §2187
,
,
+
865
Treasury nntes..
+
bonds due
Transportation
ref.
.,
+
1,917
Other securities.—.i.—..
:;T/ Other loans..
5,589
■
6%
Co.—
"
1
1948—Feb
1966-U—Apr
—369
.
895
; -
§3078
—
U. 8. Government obligations
Loan*+o
&
Transit
due
—123
*
U. S. Government obligations—«.
Other securities.—i
1.2—
Real estate loans
'
1st mtge. 5s, ser. A,
67,733
,
1
,
Reserve notes—
;
7/;
26
■r—
,442
+
:
45,014,133
liabilities—
i*
(wwi;.'; #?:.239i+'
G«,.50
....
... •
26,775
+325,676
+
33.3/6
1.—*+—-
Other assets—^—.—— "
Federal
'
§2647
bonds, series A, due 1969
.—Feb
Ractio-Keith-Orpneum Corp., 6% preferred stock——Feb
Reading Co. Jersey Central, coll. trust 4s due 1951—
Apr
Other loans for purchasing or carrying:
5,357,324
+5,548,154
:
+
7130.370'
7.
Uncollected' items
a
24,316,103
foreign banKsUwi—
P. R. notes of other, banlis—7
from
Bank
;
:
loans and securities-
Total
Due
55,110
+
24,091,682
7
+
1st
for pur¬
and *dealers
§3077
Co.—
5%%
Co.,
Rapid
Philadelphia
chasing or carrying:' "
292,439
—
Drydock
&
preferred
§2822
1944
1945
.
7,268
4,054,371
Shipbuilding
§1516
14
Oklahoma Pr. & Water Co.,
and agricultural
industrial,
brokers
Loan* to
25,121
946,392
7
Total U. S. Govt, securities
+
+773,550
—576,550
*
Jan
15,829
Commercial,
+1,620,513
—141,890
12.660,679
0
§3077
1946_Apr \ 1
April,
Reliance Electric & Enginering Co., $5 conv. pfd.
w.HAhom
Corn.. 1st mt?e. 5s due 1951
Investments—total^^uM..».—MM.
Loans—total
1,802
—
/
Loans and
192,632
+
99
Dec.
Dec. 19,
$
12,904
—
due
1929
lb'oO
due
Pacific Telephone & Telegraph Co.—
Ref. mortgage 3V<% bonds, series B,
and
Dec. 26,
581,547
—
—269,545
—
1,939
.(
—-j.
securities:
Govt,
8.
advances—:—/•..- (7
'
25,674
+
232,448
—
ahd
Discounts
'•"'12
*
§2151
§2822
§2822
Increase (+) or
) Since
1945
Total
News
Philadelphia
193,253
+
§2644
1
preferred stock
-Jan 31
Northern New York Utilities, Inc.—
/
1st lien & ref. 1% bonds, series A, due 1946—--Any time
•v
1st lien & ref. 6% bonds, series B, due 1947^
Anytime
Decrease (12
—
800,359
Feb
America—
of
aeoentures
American
(In millions of dollars)
774,800
R.
Corp.
convertible
North
member banks follows:
1945
1945
bonds,
stock—
Jan 31
Niagara, Lockport & Ontario Power Co.—>*•- •'y;T-v 1-v-.*- ; v
'
1st mtge. and ref. 5% bonds, series A, due 1955-—,—Apr
1
$52,000,000 in New York City. Time deposits inbreas6d,$35;000,000/ United States Government deposits
declined $47,000,000.
*
Deposits credited to .domestic banks declined $109,000,000 in New York City-and $166,000,000 at all report¬
ing member banks,
; A summary; of the assets and liabilities of reporting
Jan. 3,
17,062,565
.—
,
2,
or
Since-
-Decrease (—)
Dec. 26,
1946
Assets---77:;//7;7:////77';;:/'
Gold certificates
-v
•
-Increase(•+)
•./•■++'
>
1
1st mtge. 5'/a%
Radiator &
Newport
<ln thousands vt dollars)
series E, due 1977
sold notes, series of
National Dairy Products Corp.—
and
Reserve Banks Combined
*
*
4%
Texarkana & Fort Smith Ry.,
series A. due 1950—
/
Federal
*
§2815
Jan 30
Feb
1
Corp.—
15-year
/.-'.Collateral
rate.
Statement of Condition of the 12
§2815
§3071
.
§1513
Gas
mortgage
Morris
.562900"
'
,"Nominal
Feb' 1
Mar 15
prior pref. stock Apr
1
Feb
1
Mfg. Co., 6% debentures of 1943—Feb
1
McCrory Stores Corp., 5% preferred stock———
Jan 28
Merchants Fire Assurance Co. of N. Y., pfd. stock—;
Feb
1
Monogram Pictures Corp., 5!/2% conv. preferred stock—Jan 15
4.005000
.658300"
.§2813
Ry.—
Natural
McCord
3.227000
.658300",7.7;7:•v<■:. 1*/■ -ifi.
.562900"
§2813
1
Co.—.-;/.'-''
Corp., 7%
mtge. gold bonds,
gen.
Kansas
3.227000
.562900"
V .658300"
.658300"
Controlled^-i---.^-l.-- ————i———
Electric
§3074
§2943
+
'
'
15
Feb
series of 1974—,
bonds,
Ohio
Southern
-
Jan
1969j
due
bonds
3%%
July 1,'47
.909090
■•
&
'
Quincy RR.—
&
trust
mtge.
bonds due 1955—
Feb 15
Hub, Henry C. Lyttqp & Co., 5% income debentures-—Jan 21
1st
.205800
7+
.909090
ref.
Northern
4'/2%
r 77
4.005000. 7. // 4.005000
:
/'
;7,;
.
3.227000
3.227000
1 v; *
f
,
§3068
§3068
§2142
Metallurgical Corp., preferred stock
(Wm.) Sons Co., 4%% preferred stock
Houston
.301215
(•Zr
.379327
Holiday
.379327
7
t
due 1967—...Jan 17
C bonds,
Co.,
debentures, series A, due 1958
Filene's
.008410
;
,
.205800
..A
.
Burlington
Fansteel
4.033750
;;7
.301215
:
,205800
§3068
series D bonds, due 1968—_—Jan 17
1st mtge. 5s due 1951—Any time
Power
Continental Gas & Electric
.569800*
.569800"
.v'/' 4.033750
.008410
.301215
.
;'+ •V 7:
.903750
3.227000*
pound—1.
7
379327
';/.909090
7
.903958 .7
Fr^e—-a—a—
New Zealand, pound-u'.-—
Union of South Africa,
7
.909090'
—;
———
.301215
-
7 77, .205800
.379327
Netherlands, guilder——.————
Newfoundland, dollar-r■
S'
.008410 74'
■
•
'77
.
.205800
•
7. 7
4.033750
.,7
.008410
:■>•.'
7.301215
((--.
(British),: rupee—-—i.,——
.569800"
.569800"
4.033750
4.033750
—
.
•'
.
'
/ .569800"
,——
—
*
1
Series
B
preferred stock
;
t.
Compo Shoe Machinery Corp., conv. preferred stock
.906250
—
peso
pound sterling—___———
&
collateral
and
Columbus
.909090
.906250
mortgage series
mortgage
1st
.051802*
.909090
ref.
ref.
Electric
3'/a%
.060602*
/•
.061802"
.909090
——
Page
1
Niagara Electric Corp.—
&
Chicago,
.251247*
.022833
""■ I/'
V
7
+022833
c
Feb.
bonds, series B, due 1981—Feb
4'/a%
&
Butte
3.214113
Holiday
Date
Stores, Inc., 7% conv. pfd. stock
Electric Cc>.—'
Gen.
.
7+7
$
3.214113
7
7
1
.251247"
'x:\
,3.214113/7
•
.297733*
.297733"
V
7
.251247"
.251247"
,3.214113
3.214113
i/:7
.297733"
7:'«';";:7/7 77'7- ;
.906406
England,
■.
■-'?V'7
; •:
yWSi:7;7V::7
•
Jan. 3
,Jan.2
.
•
•
—-
—
Colombia,
India
.297733"
'7.
.251247"
,
Official-—
France,
.7
—
.
Free——
Canada, dollar—
77777/ $ 77'77/:!/
.
.297733"
Australia, poundL..
Belgium,. franc_^—.. Brazil, cruzeiro—
7V//'/;/++'
Official—-.— &————
Free—
f
"Jan. 1
Dec. 31
■77; Dec. 29
,
§3122
1
General
Gen.
Dec. 28
/—Feb
—
§3118
§3118
ENTIRE ISSUES CALLED
--
Company and Issue—
Berland
-
Buffalo
Noon
Page
bonds, Issue B—
Jan 15
debentures due 1961—.—Jan-15
Corp., 2%%
Washington Terminal Co.—
2% % bonds,, series A, due 1970
; '
^
CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
RATES
Date
.
Schulco«Co., Inc., guaranteed 6%
of Section 522 of the Tariff Act of 1930,
Pursuant to the requirements
tifying daily to the Secretary or the Treasury the buying
world.
We give below a record for the week just passed:
*.
-
ao7
1-19
1-19
...
1-19
Ltd.12-31
.
THE COMMERCIAL & FINANCIAL CHRONICLE
108
Name of Company
Commercial
7%
Discount
preferred
8%
Composite Bond
Providence
River
'
(year-end)
Power
Co.—
$l
15c
Coon
25c
B.)
Co,
Quarterly
Crompton
Curtiss
Knowles
Candy,
Stores
preferred
Delaware Power & Light Co
Delta
Air
Lines
(year-end)
Gasket
Detroit
Harvester
&
5%
Malting Co.,
preferred
St.
1-31
1-
Slater
V
25c
25c
4
Eastern
Ekco
12-20
2-
$75c
$$1.25
2-
6%
12-31
IV
2-
1
__
_________—ii_.
&
7%
Filene's
(quar.).
Store
(Wm.)
Ang.)
(s-a»__,—
4%%
Sons Co.,
10c
5%
Gibson
Elevator
12-27
(quar.)
Gordon
&
15c
;
2
2 ;
Belyea,
6%
Goulds
7%
Pumps,
Glatfelter
preferred
$1.50
(quar.)
Co.
Inc,
conv.
(quar.)
;
2
International
Textbook
International
Utilities
Co.___-,/4__iZi-_/_/
Corp.,
Bridge System—
(year-end)
(year-end)
A
\ ■ Class B
Jantzen
■'
5%
Knitting
preferred
Johnson
Mills,
7
1-15
Service
V
6%
0
2
1
8-.
1
25c
1-
:
1-31
1-31
1-14
12-20
2
$1.25
-
.——
t
12-31
25c
,
Extra
1-31
British
Columbia
v. 1-31
British
25c
2-9
2-15
i
15b)
-
)
2-
1
2-
1
1-15
2-
1
v i
50c
3-
1
:
■:
50c
4-
1
V 3-15
->
53c
23-
1
1
1-15
58V4c *.i
3-
1
2-15
58)4c
4-1
'%< 3-15
58)4c "
2-
1
1-15
2-11
1-25
2-11
1-25
preferred
(quar.)
'
(quar.)
2
1-
2
12-21
50c
1-19
_—__
1-
1-15
Series
Custodian
$2.70
X:l- 5
•"
'i'V iV
Stores,
$1.3714
Co.,
Canadian
General
I" 5
Canadian
Industries
10c
1-15
'"A
<
7%
preferred
preferred
(accum.)
preferred
■
$50c
//•;:
$4
(extrai
Lebanon Valley Gas Co., 6% pfd, (quar.)
Legare Co., 6% preferred (accum. ,i __—'
Lincoln
Tel., class A
preferred
(quar.)
Bond
Year-end
Fund,
Marathon
Products
1-10
1-
$2
Mill
&
Creek
^
1-
,
(quar.i__.
$1
(increased
12-31
(increased quar.)
Low-priced Bond
Low
New
price
York
New York
$3.90
—
1-15
50c
1-15
1-10
25c
1-10
12-31
1-10
stock
Co
& Light
Power
American
;
1-21
1
6%
2-
1
1-15
(quar.)
12-
Acceptance Corp., class A__
5c
23 9/10c
Co., 5% % preferred—
50c
Co
Engineering
Co.
Traffic
Co.
(s-a)
————
Year-end ——_—::
Phillips-Jones
7%
—«
preferred (accum.)——
Railway Co.—
20C i
$1.50
$1.12 Mi
$1.25
1-
2
12-28
1-25
1-10
1-31
2-
1-15
1-30
2-
1-15
■1-18
; ): u- 50c
'
r
Corp—
Tool
(G.
—;
Co.
1-15
1-15
414%
2-15
1-31
1-15
Arnold
$1
1-
2
12-20
5c
1-25
1-10
2-
1-15
1
E.)
—-
Mfg. Co.,
com.
;
—
;
(quar.)
—
1-21
1-15
50c
1.50C
1-
1-15
.1-15
5
12-29
12-21
1
12-31
1-15
1-31
1-31
1-15
2%
12-15
1-10
Corp.
3-15
12-27
'2-
1
2-
1
1-15
1-
3
1-
5
l-
5,;'
C.)
>
/
.
Co.,
<
:
——
(year-end)
r
-
$1.25
$1.50
10c
1-15
12-17
1-10
—'
2-
1
1-U
1-31
!
1-21
3-30
3-11
75c
7-
5
6-22
7-
5
6-22
10c
—
(s-a)_
A -final
conv.
of
1-10
1-31
Crum
Co.
1-
payable
preferred
7%
Corp.
U 9-
2
2-
12-
3-
6
8/:
2-15
5-15
^
1-10
1-10
1-15
12-28
25c
1- 8
12-20
1-15
$25c
1-31
v
$1
«
:
:
1.
2
1-15
1-31
1-15
1-10
12-19
2-1
$1.62
2-1
$2
;
(s-a)
8-15
■# 2-1
$25c
A
12-31 /
"•i ;
1
$1.75
12-31
________
>ioo,
12-21
•r 1-15
12-31
1-15
12-31
62Vsc
,
3-15
$1
(quar.
10c
2-15
1-31
1-15
.
S1.75
:
Smelting
Co.
1-
5
/■ 4- 1
$3
2-
1
$1.25
2-
1
1-28
1-15
12-14
1-15
12-14
50c
2-15
50c
1-19
S $1
1-15
Aircraft_____i
f
Co.
common______
Co. '(increased) _____
(quar.)__
;
$50c
/
Co., com.
12-31
':
(quar.)__
65c
2-
1
1-
4*
12-31
1-25
1-
4
1-15
•1
$1.75
1-
4
Electric
Forster,
common
(quar.)
7%
54c
'
(Initial
$$1.1214
(extra)
3-
1
1-31
$3.50
quar.).
prior pfd. (accum.)
1-
9
12-21
50c
S1.31V4
:
40c
1-15
12-21
1-10
12-31
12 V2C
1-10
12-24
433/4C
2-15
2-
5
30C
/
________
1-
2
1-15
1-
2
$2
__________
1-15
30c
3-30
25c
1-15
3-15
12-
5
Sugar Co.—
1-18
1-
2-
2214c
;
Atlas Plywood Corp,
(quar.)___
Atchison, Topeka & Santa Fe Ry. Co., com.
5% preferred (s-a)-
25c
1-15
Atlantic Refining Co., 4% conv. pfd. A (quar.)
Atlas Drop Forge (liquidating)
(extra)
t_,
1
7
2-1
1-25
$1.50
$2.50
2-
1
Decker
7
12-28
$2.50
1- 7
1
1- 4
1-
7
Detroit
12-28
2-
-
•
$8
10c
1-12
Edison
5%
1
7-
$1.75
1
3-18
6-18
1-15
1-
2
1-15
1-
2
25c
1-21
1-
5
3c
1-15
30c
1-22
100%
1-
9
25c
•
;
1-10
25c
Co.
•
30c
(initial)______
12-29
1-15
1-
4
4-10
25c
.
12-29
7-10
25c
Co.—
10-10
30c
1-15
12-28
50c
2-15
2-
5
50c
(quar.)—
5-15
5-
6
50c
8-15
8-
6
"1
5%
1-2
4-
$1.12 Va
Co. (stock dividend)__
Cohn (quar.)
Detroit-Michigan Stove
"
$1
(Alfred).&
Quarterly
Quarterly
Quarterly
12-28
1-
$1.75
Dayton Rubber Mfg.
1-25
2
3-
$2.50
Laundries, Inc. $2.50 1st prefefred_
$2.50 2nd preferred (resumed)
:
Automatic Fire. Alarm po,
preferred
preferred
Davega Stores Corp.
Telephone Co. Ltd—
preferred.(quar.)_
preferred
preferred
(quar.)_
(quar.)
5%
preferred
(quar.),s.______ir__-:—
-
of
(quar,)
(quar.)
Cudahy Packing Co., common (quar.)
4Va%- preferred (ouar,
Cunningham Drug Stores, common...
Cypress Abbey Co. (s-a)
!
upon
certificates—^
conv.
Constable
4-12*
1
(quar.)
8% preferred (quar.)_____^
Crystal Tissue Co., common (extra)
9
1-11*
I
5C
Products Refining
&
5
",:V
3- 1
6-
(year-end)
(N. Y,), $5 pfd, (quar. v
Vultee
...
3
1-
'
preference
$6
pfd,
com.
Extra
12-10
••
;
$1.50
Mining
&
Ltd. (s-a)
Cuban American
liquidating,
stock
7%
Corp.—
V
$5.25 preferred A (quar.)___
Creamery Package Mfg, (quar,)_
Credit Utility Banking, Class B (quar.)____
Crown Drug Co. 7%
conv.
pfd.
(quar.)__
'
1-
1
i5c
;
Co.,
Insurance
7%
1-10
'
1-15
:>■ 4-15
$1.25
(quar.)
common
Baking
Corn
'
12-31
Pacific
preferred________/___„_____^.
Continental
•
$10c
(Initial)
Texas
Extrp
12-15
$2.25
(s-a)
(s-a;
&
class
Continental
>
1
2-
$3
&
Cornell-Dubilier
&
common
Co.
Ltd.,
12-19
v
$75c
Canada,
Consolidated
12-31
5-
25c
Passumpsic River RR.—
preferred
(s-a)__
Consolidated
; 1- 3,
S/T- 7*
1-15
2': 1,
12-31
a
(final)
Consolidated Edison
12-14
2-2
:'•/) 40c
1-11!
1-11
V
1-15
___________
prior
6%
1-15
1-15
1-15
1-15.
1-15
Mfg
Controls
1-10
-
1-15
SI.
2
12-31
■;
2-1
15c
Machinery $2.50 preferred..!
Gas 7% preferred (accum.)
,4
(G,
7'-c
■
Connecticut
35c
50c
$1.18
.
Shoe
Concord
Conn
1-15
1-15
1-21
-
preferred (final)
Compo
S:- $1
$1.1214
25c
preferred
Extra
.
12-31
1-18
^
$1.25
2
1-
1-15
'■(quar.)___^_/____/^/yy^yi_; ^ 15c
Neon Lights
(year-eud___
>
5C
Commercial
2-23
1-15
25c
37140
(quar.)—
(quar.)—
Inc.
preferred
&
6%
1-
12-17
1
A
Works
12-31
'
preferred (quar.)__
Stores Co., common
Lambert
12-14
:
V
quar,)
on
12-14
I
2-
„.
12-31
1
end)__
now
12-31
.
1-21
2-
25c
Community Frosted Foods Co.—
XX' -XX-X
1st participating preferred
(s-a)
12-31
2-
;
$1.25
1214c
$1.25
6¥2%
.I,
'
Atlanta
$1.50
1-15
37 Vic
Columbia Mills, common/
Wf If*
if*
Columbus & Southern Ohio Electric Co.-
Associated
414%
$1.75
1-15
$1.25
&
1-21
V..M5
30c
Mill Co., 414% pfd. (quar.)
Zinc Lead
surrender
Armour
1-10
1.-15
(quar.)_
Orleans
Water
,/
>
common (quar.)^
(bi-monthly)—
/
Razor
■
Argus Corp., Ltd.—
1-19
25C
—-—,——
(quar.)
Class
1-15
1-25
1-31
$15c
12-21
,
3-15
$$1.50
(quar.)_L_l___/____4___,
,
Metal,
Angerman
1
12 Vic
"V 12-31
$$1
$18%c
$$1.75
w
50c
Products,
Safety
1-10
1
$1.25
(quar.)/.—
New
Clinton
Anglo National Corp.—
1
Piedmont & Northern
Year-end
$4.50
1
2-1
12-21
25c
Clayton
3
1-2 4
Oil
Colllngwocd Terminals, Ltd.,
:.
Preference (year-end)
,
;,r
'4—;—
preferred
1-31
1
1-10
^
(quar,)__;
are
1-10
1-10
$53c
(quar.)
'
1-10
$20c
,:•/:
(quar.)__
Claude
7
———I^>"'7.v';50c'V'
Co.
'■
•
75c
$1.12V4*
com.
1-
2-
t
,
,
Smelting Co.—
$5 convertible prior preferred (quar.)——
2-
3-
1
Tv 40c
above
1-10
1
$1.25
(increased
12-26
,
2-1
2-
preferred
5%
12-20
2-15
•
American
2-
$1.10
$3714c
,
12-20
1
2-
pfd.
(year
1-31
1-15
2-
preferred
Class
•
5'
common.——y.
American
32y2c
75c
$$1.75
5%
.
12-31
—
Anglo-Huronian,. Ltd.
1
12-20
$$1.50
.,
i
1-31
1-25
5%
;
.
12-31
(quar.)
Light & Traction,
3
1-15
or
France-Foamite
1-
1-15
(quar..)_—vii——'Vr: 75c
Hoe,
1
1-15
-
Bank
Cotton
Cincinnati
12-31
50c
Light Corp.—
&
21
20c
series of 1936D
News
Ampco
1-10
iquar.)4^—,7
Corp.
&
Maize
Amoskeag
$1.50
—
2-15
2-15
$15c
Quarterly
^
——————iSy^^^TSc
Fork
American
American
1-21
Chickasha
1-15
:';£5c
preferred (quar.)—..
Extra
1
(quar.) 'A;
;
year-endi—__
Power
preferrd
Year-end
6%
97 Vic
■
(quar.)———r
Company (quar.)Oliver Corp., 4(4% preferred (quar.)——_
Pacific Coast Co., $5 1st preferred——Pacific Lighting
Corp.
(quar.)—
Pacific Public Service, $1.30 pfd.
(quar.)__
Pathe Industries, Inc., 4% preferred (quar.)
Pennsylvania Electric Co.—
4.40% preferred B (quar.)—,
Extra
Co.
(Opt. div.
Quarterly
American
1-1$
12-20
2-
$$1.25
t
—
American-La
1
City
American
2-1
3714c.
6214 c
:
quarterly basis.
Cheney Bros, (year end)
'
1-10
;
12-31
;
12-31
$50c
Corp.— v
Co.
The payments shown
,
12-31
12-31
1-21
Quarterly
'
1-15
12-28
1-15
Corp.—
(quar.)
Okonite
.
•
,
h' sh. of class B stock':
American Distilling (initial quar.Jj
American District Telegraph, 5% pfd. (quar.) ^
American Fidelity & Casualty (Richmondi—
'
T~2
;
preferred
Prentice
Cities
Co.
(optional ) cash
4Vi%
■
12-23
1-15
1-15
SI.50
(final)
V
2-
Sugar Refining, com. (year-end)- //O
$2
Telephone (Abilene, Kansas)—
r 5%
preferred
(quar.)—
—$1.25
American Telephone & Telegraph Co. (quar.)
$2.25
American Turf Association (year-end)—$1.25
15C
& Richmond Gas Co.—
Nunn-Bush Shoe
Plomb
Can1 Co.
American
■
1-15
10c
series
1-15.
1-25
1-15
14c
(quar.)^.
series-^-___-iij.-v---^iiS: Y'L lie;/
Merchandise
Northwest
Penn
1-15
25c
—
-
$1.20 pref.
series-—
North American
North
1-15
:j'2~ 'i'H
:
common
preferred
New York
6'/c
1
Securities & Research—
Speculative
American
$2.75 class A
/
Ltd.—
Insurance
Asphalt Roof
American Rolling
;
Money Corp.,
12-20
;
;■
25c
————.———
American
Department Stores-^
Extra
National
2-
5
Co.—
15c
Common
National
1-
12-11
X 12-31
30c
i
Manufacturing
12-28
1-15
50c
Year-end
National
12-12
12-31
Corp._____i_y___yi/^//y,
Utility
Chase National
1-7
$1
8714c
•.
—
(quar.)——,
American
v
12-12
1-10
$1.25
50c
&
VT?:2.V;
$8
:
—•—
40c
Canada,
Bosch
:
-
Chemical
1-31
■f'/socr; ; 1- 2
!
Strauss-Duparquet
12-20
'
West
*
(quar.)^_
(quar.)—
Alliance
American
A
2
RR._
Piping & Supply Co. (year-end)
Virginia
——
National
1-
25c
Morris Plan Bank of
•Nathan
1-28
.1 2-10
v;
of
American
5
25C
Republic
Central
Corp
preferred
yv-f Extra
5
1-
25C
Mme'Hiif NavFgaTion"
(s-a)*
1-15
1-15
Central
of Reo.
25c
Co.
American
: 1-15 '-V 12-28
-
5c
$1.21
^
12-20
_
9c
;■
preferred_^,»i^.i.'
2
Holdert
(liquidating)
Co.
Stores
5%
12-20
/ $1.50
Wnen
"C;.—
Alluminum
12-31
12-31
2
Company
Reduction
Allied
■.
12-31
$2.50
—
,
Corp.
1-10
;
F.
Extra
12-31
1-
(quar.)
Middlesex
Midwest
Inc.
g %
12-31
1-15
—
(quar.)
Air
12-31
1-10
1-21
(quar.)
Payable /■
Alloys-—
;
'
$1.10 convertible preferred (quar.)r';'27l4c
Addressograph-Multigraph Corp. (quar.^iiiu^.U ?5c
Acronca Aircraft Corp. 55c conv;pfd. (quar.»
;
133/4C
Affiliated' Fund, Inc.
4c
(quar.)—
:—-
1-23
■
1-15
12-31
(quar.)_
4%%
Power
1-12
1
$$1.25
Ltd.
5
2-14
:"v $1.50
Corp._
Power
York
Per
Acme Aluminum
1-15
.
$1
(s-a >
■'
Corp.
1 '
D.
Abbott Laboratories, 4% preferred
& Strauss. Inc.
Abraham
.12-21
$1.25
——z___—•
■—
McCrory Stores Corp.,
McKay
Machine
Co
12-31
v: MO
25c'
Linn
Manhattan
4
1-10
:
"
25c
Manufacturing Corp. (initial)
Logansport Distilling, 5% preferred
Lorain Telephone Co.. 6%•; preferred
Los Angeles Investing____„____.,,—
4
2-
50c
■
Extra
5%
;|v
50c 'X
(quar.)
,
B_^.-^7_
'
:
&
912-
V 2-15
■
Tel.
Extra
Class
4
•'
12-11
75c
—
4
6-
A.
1-4
3-
9-11 V
$50c
;
-
New
preferred
Share
;
'<■
Name of Company
12-22
••
6-11
;
(accum.)
2
1-11
3-11
$$1
..$500,:.
$50c
Lawyers Title Insurance (Va.)
6%
1-
$1.25
(accum.)
•
preferred
7%
1-15
':
Kansas
5%
1-
12-18
1-21
(quar.)
Investment
12-22
2-1
$$1.75
A
Aguirre Associates
Central
1-15
___
(accum.)
preferred
Central
and Miscellaneous Companies
Industrial
'
1-31
B
Central
;
2-
$1.75
v ;
class
1-17
'
"
1-15
ZJZ.~-liZZ
Investments,
1-17 /
SI.75
(final)
—
(irregular)
'
2
.'V-'V 75c
Common (quar.)
vV:>■;
Extra
,
2-1
1-
2-28
$$1.75
1-10
93%c
Canadian
2-25
12-31
1
$50c
3-20
r
12-20
.
1
$75c
1
.
3-30
12-20
1-15
2-
25c
,
Class A (initial quar.)
Fairbanks-Morse, 6% pfd. (quar.)
Foreign Investment Corp.—
v.)-
4-
/:
12-22
1
2-
$25C
•V'v; 40c
&
$1.25
12-31
12-21
2-1
$$1.50
,
Canadian Conveners,
•'.Canadian
Central
12-21
12-29
34%c
—'
(year-endt_____
7% preferred (accum.)
Inc.
Ltd.,
preferred
7 %
1-15
12-29
13 Vic
(quar.)___
7%
.
___
i
common
preferred
Langley's,
(quar.)
Car
1-19
—.
2-
'V::y,y,rj;yy
2- 1
preceding table.
12-31
67 Vic
preferred
(quar.)
12-31
—
(quar.)_
37y2C
12-31
6214c :
9c
$2.50
preferred
Kobacker
•'
series B-3-
S-4_______:—
Knapp-Monarch,
Lane
Fund,
1-23
1-15
-
Foundry, com. (year-end)_
$2.10 participating preference
(quar.)
Canadian Celanese, Ltd.—
"
;
.XXX';-XF:/
Funding rights (year end)
''
47c
3- 6
(quar.)
5
1-15
31 Vic
8%
$40c
$$1.50
Delow we give the dividends announced in previous y Canadian Pacific Railway 4% pref.__
Carolina Clinchfield & Ohio Ry. (quar.)___
weeks and not yet paid.
The list does not include divi¬
Celotex Corp. com. (quar.)
dends announced this week, these being given in the
5% preferred
12-17
12-31
1-15
receipts (final)—
Power, class A (quar.)
3%, pfd. (quar.)
preferred
7%
12-17
,
12-31.,
,
!; 93%c
Railway
(s-a)__l_^._/iy
Bronze Co., common
(quar.).__._
Canadian
Products—
Corporation
1-15
deposit
Extra
.
5%
12-26
1-15
$1.50
—
\yf-/
12-29
1-
$1.50
10c
quar.)
3-11
35c
Southern
Canadian
?
$1.06)4
$1.12)4
com.
Canada
'
'
>/
Co—t——
preferred
1-15
62V4C
pfd. (1927 series) (quar.)
California Packing Corp.)
com,
(quar.)-_.
5%
preferred
(quar.)
i Canada Northern
Power, com. (quar.)
■/', 7% preferred (quar.)^
3-15
1
53c
■
quar.)---—-.---W
(initial
$3.75
1-15
6%
2-15
42-
:
;
37)4c
A
3-30
:?
Elec. Power Co., $3 pfd...
(quar.)
California Oregon Power, 7% pfd.
(quar.)—
6% preferred (quar.)——_—_
1-15
1
8
1214C
California
2-15
■
7
1-15
————
53c
1-
$20c
_
(quar.)
class
1-15
1-10
3-
$1.50
:
Butte Copper & Zinc
(year-end)—Byers (A. M.) Co., 7% pfd. (quar.)——i
<
1
1-28
3-20
,;'i Brown Fence & Wire Co., class A"-A>y^,
•
;50c
'
2-
1
50c
(quar.)—i-:
.Brooklyn
1-15
10c
(quar.)
(Del)—
1-15
2
97c
6% prior preferred (qQar.)
Brompton Pulp & Paper (quar.)
Union Gas Co. (quar.)
MO
,
J
1-
50c
Columbia Telephone
American
1
1-16
5
Ltd.-—\
2-15
A:
1-
3-
'
pfd.
2-15
1-31
12-28
2-
ZS2Z
(quar.)—
3%%
2-15
3-12
(quar.» ———_f.—_—
2-15
1-15
$1
25c,
City Fire & Marine Insurance Co.—
Kennedy's Inc.,
common
(year-end)
$1.25 convertible preferred (quar.)_;___.*_z
Corp.
12-29
12-31
1-15
,
-
(quar;)-
America
Celanese,
7
1-19
1-15
$32140
Ltd.—
9214C
__
Department Stores—
Whiting
«■■
of
1-
2-15
jl
—
(quar.)———..,
Hydraulic
Bristol-Myers
British
Co.,
preferred
Corp.
1-22
1-15
$3.50
class A—-u—"
(newt
1st
12-22
20c
——
Bridgeport
■
(quar.)
Cordage
1-14
1-15
$3.50
(initial)
Inc, (year-end)—Bearing Co.——
Mines, Ltd. (quar.)
Brewing
1-12
1 ;V .'it. 2-25
-
10c
(quar.) __j/
Kansas
Keystone
$1.30
.
1-12
>
Corp.
Brandon Corp.,
1-31
1-24
$1.75
I
Fund,
Brantford
•
—
2-
$1
;
,
—
?
1-
2-
25c
A
(accum.)
Roller
Common,
(monthly)
(monthly)—
non-cum.
preferred
(accum.)
Bralornc
-
,
2
-".v $1
1
12-20
1-30
20c
1st
preferred
Class
2-15
1-26
1-
3-
12-31
5
1-30
';
—
:-:Westvaco Chlorine
-
7
1-
12-26.
1
50c
1st
Boston
3-
$15C
(accum.)--——,
Co.
12-29
'
30c
•
-u
(quar.)_i^T---—
7%
W.)
1-15
1-15
$1
Company—:
Edison
1
$$2
(year-end)-
preferred
Bower
3-15
$2.50
,'■■■>7i;:,
6%
conv.
preferred
(quar.)———
Western Tablet & Stationery Corp.—
;
57c preferred (quar.)
L-15
$1
,
.V__
(quar.)
class
& Railways
Wells-Gardner..
Loan
$1.25
Washington Title Insurance,
12-29
1
12-31
1-28
$43.92
(quar.)
3-1
83c
.
(quar.)
Tool,
preferred
: ;
common
&
$4.50
7
Industrial
(Geo.
12-31*
35c
1st
Boston
12-
1-15
$25c
(quar.)__
t38c
1-15
2-
•
50C
.
pfd.___
$3.50
James River
Class
$1
—.
1-15
1-20
12-31
5c
—-
of Canada
(H. C.),
;
1-15
50c
(quar.)—,
7%
12-31
•
—
prior preferred (monthly);
prior preferred
(monthly.)
prior preferred (monthly)
Western
-_
1-15
$1.12 V2
(quar.)
-
quar.)
(initial
1-
&
'
1-15:
1-15
$$1.75-
;
——:■—____X
&
Foods,; Inc
Hats, Ltd.
Bohack
■\>
1-21
,
$2.50
—
-
$1.12)4
preferred
1-29
20c.
XX25CX
pfd.
preferred-—--,
__„
(initial
$4.25
v,
12-20
2-15
55c
(quar.)
(quar.)
Common
12-20
4
37»/2c.
(quar,)_—
8
2
1-
1-15'
1-15
2-1
15c
—
1
2-1
"
$1.50
—
(extra)—
common
Biltmore
Missouri—
1-
1-
.
1-10
6-
m
'7c
50c
(accum.)
Ltd.—, ' V '
/"V-*
7%
(quar.)—
of
2-
$1,50;.
,
12-21
Houston
Lighting & Power Co.—
$4 preferred (quar.)
(s-a)
1-15
1
'
1
Blair
——
12-28
2
Power
Beneficial
Borg
-
preferred
Co.
Co.,
Telephone
Best
2-
,
$5.25
prior preferred (monthly—
7% prior preferred (monthly)
7% prior preferred (monthly)
Washington Gas Light Co. (D. C.)—
2
1-
683iC
—
1-
,
V1',; 5
f30c
7%
12-20
1-15
1-28
$3
60c
preferred (quar.)
Hartford Times, 5V4% preferred (quar.)
Hawley Pulp & Paper, $6 2nd pfd. (quar.)
Holyoke Water Power Co. (quar.)
Horder's
,
v,S7 ;,
(accum.)
^
Co..$2.40
,
1-10
2-10
.
—
5%
H.)
56 Vic
,
——_
-i——.
Bell Aircraft Corp.,:
Bell
Ltd.—
i accum.)
Co.
preferred
6.36%
12-15
1-
,
$1
___•—
Co
H.t
(P.
Halle Bros.
preferred
(extra)
1st
$1
$1.94
:i
Co,—
$4.50
—
Paper class A
Baystate Corp.—-.--:
1-21
2-
15 c
preferred
6.36%
12-15
1-
>
Drill
6.36%
1-16
1-30
1-
$25c
Bathurst
1-21
:-Xl-'7
A -K(quar.)
Class B
1-11
1
1-15
1
1
.
jgi 6% preferred (monthly)-——
1-17
1
2-
1-15
:
Securities Co.—
preferred
-
$lOc
Manufacturing
Co.,
(s-a)
preferred
^ 6%
0;6%
12-27
2-
:
—
(Initial, quar.)
—
—
preferred.,—---—-
Inc.,
Corp
prefeired
United Light
12-27
2
:/ 2-
$$1.25
(s-a.i
2
2-15 V
$20c
(quar.)
Transit
,
Bros.
37»/2c
Gas
preferred
Electric
Class
f:
1-
$1
_•
12-31
1-
80c
____
'■—
Gorham
—
"'w-—
United
12-19
Bartgis
37'/2C
Clothier,
$3.70
'C';
12-27
75c
—_/
Co.
&
1-3
-
Extra
(quar.)
f: Union Oil of California (quar;).wl«L-i-i^^vi;^'
•,United Corporations, Ltd^—
1-8
12-21
2
1-15
(year-end i ——______
pfd.
(s-ai___
common
Refrigerator
1-
10c
preferred' (quar.)
Goderich
$i,-"
1-15
"
12-31
/: 1-15
10c
'.v;
&
$4.50
;
(W.
1-25
15c
(quar.)—.
$2.25
Electric
2nd
Union
Barber
,7%
0/ Reo,
'
Corp.—
Ellis of Canada,
preferred "(s-a)
1-21
1-21
$1
Edison
UTroy Sunshade Co.
1
,
G.)
Brands,
Extra
12-22
1-15 /
15C
';
.
Corp., 4%
(accum.)
General Steel Wares,
$4
Barber
1
1
'
(A.
Transamerica
1-10
:
$1.75
Development
Discount
preferred
'V:
$5
Fyr-Fyter Co., class
Gamble-Skogmo,. Inc..
7%
2-
Suburban
'
(increased quar.)
General
1-17
1-15
;
Strawbridge
v
:; 1-15
12c
(quar.)
Fleming-Hall Tobacco—
6% preferred (initial quar.) ___
Fort Pitt Brewing Co, (year-end i__—
General
;
25c
.
preferred-//
First Mutual Trust Fund Shares
Franklin Process Co.
Y.
(quar.)_,_.
Stoney Brook RR.
1/17
1V;
1-15
/ $1.75
_.
(Los
preferred
Spalding
Standard
1-15
1-31
/
$1.75;.; .2-
7% pfd, iquar.)__
Cleaning & Dyeing Cq:-^V,/'f;
preferred
N.
(quar.)
1-15
V
1-31
V
A
1-18
f 2- ,1
•
25c
/:/.•:
Gregg, Inc.,
Street
...
•'HV/-25C
(quar.)—
Extra '
Faber Coe
Fenton United
Fifth
>
$1.1214
preferred
(quar.)
Employers Group Associates
1-15
Securities
participating
75c
of
Xrust, Inc.—>
(accum.)—.
(quar.)
California
1-15
Z 2- 4
20c
2- 1
30d»
,
Co., •common______L-_z_-,!..T
414 7o
1
Investment
preferred
Southern
1-15
1
$ 1214c
...
(quar.)
Bankers
2*
.
15c
Southern California
Ltd.—
———
Bangor
6%
(initial)
Co., 6% preferred (quar.)—
Hydro-Electric Co., com.
(quar.)
2-
(quar.)
Co., Ltd.
Preferred
Corporation-.-.
Products
Co.
Common
Worsteds
&
1st
$5
1-10
1-10
:
(N.)
2-
preferred
75c
Goods——
Paper
Southeastern
12-20
1-10
1-25
25c
(quar.).._
Woolens
1-15
$1
Sioux
■
Dominion
i-2l
1
;15c:
—
Security Storage (Wash. D. C.)
(quar.)
City Gas & Electric, 77c preferred
1-15
'12-28
__
1
2-
15c
New; York (quar),
—
Croix
1-22
:
Dominion Fabrics, Ltd.—
6%
preferred
(quar,)
Dominion
12-31
of
(quar.)-
Extra
12-31
1-15
Inc.
Insurance
1-15
______________
—
2-
50c
Holder1
Payable
'?
Corp.—
Baldwin
30c
—,
—
Dry
30c
(quar.)
1
Co.—
-i——
Richmond
17 Vic "
(quar.)
Mfg
Co.
1-10
;
-
—
Rice-Stix
4
1-
25c
7%
Detroit
1
A__
Extra
1-18
1-17
$1.1214
Corp.__________-________z__
Co.,
2-
30c
///J,—
X
When
Share
$2.25 convertible preferred
Avondals Mills, common
$4.50
Co.-
Service
2-
Aviation
>
-
$1.25
(quar.)———
'
Richmond Insurance Co.
•12-31
,v-1-11
50c
common....—___—
Public
preferred
Rich's
Works_____„__
Loom
(quar.)______
Vilbiss
De
1-15
2-1.
•
60c
&
•
12-27
.
'.
.
Preferred
Davega
<N; Y.i—
:
Co;—
Name of Comvanv
7
2-
*'
50c
Engineering
Manufacturing
Island
$2
Class
________—___
Cprn Exchange Bank Trust Co.
Rhode
2-15
12-31
&
1-
Per
of Rec
12-31
50c
♦
,
Holderi
Payable
$1.50
preferred-—-
conv.
Reliance
1
1-15
3-
V
$1.50
(W.
$5
-
(quar.)
Car
(year-end)
Electric
Reliance
12-22
,12-31
!___
preferred
2
2-15
3-TV
9c";
30c
Bldg.
Monday, January 7, 1946
'<v
When
Share
Radioplane Co... (annual)
Reed (C. A.)
$2 preferred A
2
1-
1-10
20c
—w
Heating Co.,
Consolidated Royalties, Inc.—
6%, preferred" (quar.)——1„-
6%
Consolidated
1-
1-10
1714c
_______
_____—
Fund
Name of Comvanv
o} Rec.*
Payable
Share
,
Per
,
—
(quar.)
Corp.
Connecticut
A.)
(quar.j
preferred
Commodity
(L.
,
Holdert
When
Per
-
.Volume 163
THE COMMERCIAL & FINANCIAL
Number 4453
Per
■"•
,•(.
Hameof Company
;
Detroit River Warehouse
Dewey
tV;(.
Match
1-20
1-19
1-
5
3-1
2-
Co., :.6%
(quar.)
8
paruuip. pfd.* * t.-a)
7oc,
participating preferred
Mines, Ltd. (quar.)
Dominion Dairies, Ltd.— ■/
5% non-cumulative preferred
6%
Ltd.,
1st redeemable
Second
Glass
3-
1
2-8
1
1-11
•4^30
12-29
t44c
1-15
12-31
International
Harvester
Co.,
International
Milling
2-
1
■t75c
3-
1
12-31
2-
2-
1-31
tioc
1-31
;/
Paper
Co.,
Ltd.
12-31
% 20c
130c
Dominion Tar & Chemical, common (initial)
5% 'Jo preferred (quar.)__l
Donnacona
Class
A
1-
1-
57$
3
Interstate
Douglas
—
1
1-
2
1
1-
2
1
1-15
3-
725c i
$4
(quar.)
(E.
I.)
de
i:
&
Eastern
Townships Telphone
$5
-
1-15
12-31
Jewell
Bond
Share
$6
___'■
$1.16
1st
Emerson
common
25c
(quar,)_>
3-
'
/
$1
(s-a)——&
7
■
60c
Phonograph (quar.)
(quar.) -*.-•;
„
1-15
■—
_
-
'
_
'■
■
■
i
|-•
■■
1-15
30C
-
■
(The)
6%
Corn.
preferred
Class
A
(quar.)
end)
(year
i-
10c
;
1-
5
5
7
12-17
-
Federal
Services
Common
,'
Finance
Extra
Fidelity-Phoenix
Fire
Insurance
43A 7$
Sons
preferred
Co.,
1-15
12-31
1-15
12-31
'
_______
'
&
Rubber——*.
6% preferred (quar.)
Four Wheel Drive Auto__
Foundation
Co.
Froedtert
of
Ltd.
Co.,
Grain
Fulton
Gar
Works Co., 6%
Co.; class .A—
4%'ie
7
t
$3
conv.
conv.
Gardner
Inc.,
preferred
44'/vf>
(quar.)
common
preferred
General
Electric Light,
common
Baking Co., common
General
Electric
Co.—
Gillette
$5
&
Banking Co.
Safety
Razor,
Gimbel
New
Brothers,
Glens
Globe
-
Falls
(stock
common
Insurance
57<
The
Golden
::v>
above
State
1-25
'12-14
1-15
2
5-25
2-
5-10
.
1
I?
1-
Class
Grandview
A
preferred I quav.)_,
Mines (year-end)
Graniteville
Co.
40c
1
2-
/
,
V*
Great
5-
;
| Griesedieck
5V2'/c
:■
Insurance
Co.
(N.
Y.)
$7
Western
convertible
preferred
(quar.i_C/
Co.— :•••"
Brewery
preferred
$ $ 1. 75
Griggs Cooper & Co., 57$, 1st pfd. (quar.)___
57$
1st preferred (quar.)
:
5'7
1st; preferred: (quar.) 7„__
1
Guarantee
Co.
of
North
Extra
Radio
Corp.
Harbison-Walker
preferred
Harrisburg
Hart
(quar.)
Shaffner
77$
&
;
Hecht Co.,
common
1-15
20'4 C
2-
1
2-
1
1-31
1-
8
93%c
1-31
1-
new
Lumber
Holly Development (quar.)
Holly Sugar Corp. (quar.)
Holt Renfrew, $7
preferred
Household
3%7c
Howard
Howell
Finance
preferred
Stores,
Electric
Corp.,
(quar.)
5(47$
(extra)
Inspiration
25c
lc
ZJ1Z-;
25c
JS3.50
common.
4
1-25
1-15'
1-25
1-15
1-15
2-
1-
2
1
1-15
1-15
12-28
1-25
12-31
2-
1
1-15
1-16
1-
5
35C
:
(quar.)l
c
1-15
12-31*
93 %c
—
—
Ltd.
Montana
Morris
f;
$3
5
J
(quar.)
2-1*
1-15
12-31*
$1,604
1-21
7 '/2C
1-10
$1.50
3-
12-27
1
2-14
,1-15:
2-15
22-
America
& Port
Carbon
States
&
Tel.
Mullins Manufacturing—
>:>'S7 preferred (quar.)*.
;■
>
$7
preferred
$7
50c
"
$1.25
^
■
y
Munising
,
Munson
Paper
Line,
1-
f$1.25
'
$4 preferred
!;
Mutual
B
Investment
,2*
Mutual
System
National
67$
National
Biscuit
Bond
National
National
;
Distillers
/•
;i-25
National
Fuel
National
Lead
67$
Linen
preferred
$5 preferred
National
12-31
National
Class
'•■
Steel
"■
preferred
1
1-15
1-15
2-
1
1-15
1
1-15
12-15
1-15
.:■*' 2-15
.
S1.25 '
/ 1-15
;
1-15
■
12-21
/. 2- 1
81.50
1-10
12-12
1-29
12-21
20C
':
$
loc
*
1-
•v.
1-19
i
10c
,
4-
12-31
-■
12-31
1-19
20C
1-19
12-31
1-25
$2-31
1-25
12-31
> $1.50 ;
35c
V-
(quar.).
;*.
"
1-10
:
25c
<
12-22
1-10-
.
50c :
(quar.)
■
12-20
2-14
*
1-17
■
■
1
3-
1
t-16
12-31
1-15
12-31
St.
12-11*
1-15
12-31
1-15
2-
2-
29%c
1
1-15
107«
1-10
12-20
2-
1
"> 1-15
20c
1-15
12-31
$1.50
2-1
1-14
25c
(quar.)
4-1
3-15 '
..
•
Fifth
Lawrence
Diego
$3.50
3-
1
3-
/. 1-15
Mills,
&
pfd.
Co.,
>/>/'*>■
Semler
>>
•
(R. B.)
RR.
common.....
Stores
preferred
2-15
I?
2* i
■
-12-28
1-17
v
/
20c
Power
1-12
>
1-12
1-
s-x.i
/''■/i- »,*;;.
12-28
1-10
10c
s.
>
1-15
l-
1-30
1-10
/
2-25
1-24
f25c
2-25
t-18
+3c
> 1-15
10c
.
'■'l"
(year-end).-.,
lOo
■/:*/' it 23c
(increased)—--
(quar.)
Canada___- -: >/.
of
12-31
1-20
200
1-18*
1-18*/
15C
v
,
1-18
1-10
1-28
25c
(year-end—
Williams Co.
12-33
;//.: i-io
$1.12%
Co., common
Mining Corp.
&
1-15
1-20
:/ 2-11
(quar.)
Co..•/(quar.)_____./_'_>;_,rrir.
(extra)
£
ȣ
Shawinftan Water
12-31
SI
::■*'■/ $1.25
(s-a)
\
.
12-2B*;,/-.*
50c
common_.___,._^
//Sheep Creek Gold Mines
Sherwin
1-15
'%■'
Shawinigan Power & Water Co.—
:
12-22
1-15
5/1-15
:'S'
S'r.attuck-Denn
/ 1^-31
S
■■", 250
■
______
Extra
Shaffer
125c
1
+75c
Inc,
Seneca Falls Machine
.
2-
>. 20c
://>■
(accum.)
(quar.
Finance
fl5c
'/
2-
1
1
/
.
/ ■'
12-31
1-10
'
Sigma, Mines,
Ltd.
Silverwood Dairies, Ltd., common
(accum.) .' '.J30c
>', / f 20c
40c
participating preference (s-a)
.
/•/" Simmons-Boardman Publishing—
Common
/ Smith
(year-end).
-
convertible
2-15
South PittsburghWater,
1-15
12-15
Southern
20c
1-30
1-10
55c
77$
Advance
preferred
Paper,
67$
.■;/*.*;•,
1-10
25c
2-20
$1.12%
■
12-31
/
12-31
2-15
.
2-
1
1-15
1-
2
85c
pfd.—
I- 5
1-15
1-30
1-21
>
2-15
t25C
133Ac
A (quar.)
4%% pfd. (quar.)-
preferred
Bag &
12-28
2-28
/ 4-1
fSl.50
preferred (quar.)—-—---—
Solar Manufacturing Corp.—
67$
12-31
;
1
$1
Corp.__________—■—*--1'7
(Howard) Paper Mills, common—
1
4-
'
Oil
1-15
1-19
+30c
(interim
+25c
,
6%
$4
Company,
12-33
$35c
,
$$1.75
Electric
30e
(quar.)____-
(quar.)
com.
(quar.)
$4.50 preferred
Seaboard
/: 1-15. /7T>*4'//
> 1-15
(quar.)
Paper Mills
Gas
■';,: 3-1
25c
Avenue
Flour
Lawrence
2-15
15c
preferred
•/Sinclair
$2,50
(increased)
//D;.2.:>/
1-'. 5, ;/■
2- 5 /;/
1-15
>
$1.75
'
1-12
50c
*
i 1-10
!
f15c'
J$1 50
(quar.)
common
S'-huvlkill
12-28
80c
pfd.__
conv.
-i/ i-io* >.*:
25C
—
5preferred (quar.—_-
1-1*5
1-15
1
1-15
12-28
,
2- 1
___
Co.,
Sanger Brothers, Inc. (year-end)
Schenley Distillers, Corp
1-15
12-29
1
5c
'•
(quar.)___________________
San
12-31
1
1-15
1-15
'
1
1-15
.
$1.31'A
tquar.)—
T':
2-19
5c
2-
2- I
•15C
/>S$4.25
preferred■ (quar.) __A
Typewriter
preferred
7%
1-19
2-
f:
15C
*
St. Lawrence Corp., Ltd.—
.'■ •
$4 class A conv. pfd. (quar.)__—
2-19
1-15
-
(quar.)___________
Scott Paper
1
2-
Co.
8-15 •;
2-
.
Button
5-15
r.
25c
(quar.)a
(initial
8
12-
f62%c
:
7'
Valley Nav.
Schwitzer-Cummins Co.,
15c
■.
((juar.)__i_*,___-/_;;*
Fibre
12-24*
2-
5°C
>
3-15
1
30c
1
■'
Corp.
;
50c
—__
(quar )
St.
12-31
3-
56'Ac
.
(s-a)
Vulcanized
12-15
.
9
"1/2- 1'
v50c
41 %C
•
2-15>
12-14
1-15
1-
2-
.
,
:
D15
58 %C
___
Investing $7 preferred (accum,)'
Copper & Brass, 5'A 7$ pfd., (quar.)
(H. W.) & Co. (quar.)_____________
Russeks
12-31
6-
20',$
(s-a)
Car
:/
$2
(quar.)
preferred B
77$
12-31
1-20
1-15
,
37%c
(quar.)
:
National Manufacturers & Stores
1
1-15
•;*'>/ J5c
(quard
Royal
2-15
lOc
(quar.)
com.
2-15
1
3-
25C
A
■'■/;6 7$.
12-31
25c
.
•:
tquar.)
Corp.,
12-31
1-15
J3c
___
:
12-20
12-31
'
12-28
1
."/•'.
Service
/
I:Rolls"d Paper Co., Ltd., com.
v /
1-11
1
(quar.)
B
12-31
1-10
3;•••
flc
(resumed)
Co., 2nd
Rochester
1-11
$1
;
;
Co.—
preferred
National
$7
Gas Co.
12-31
1-20
1-15
$1.25
•
common—.———
preferred
: Rickel
12-7
1-10
1-20
.
25c
Products
>
50C
v
■.
—
Revere
1-12
6-
______
(quar.)
Share
America
6%
;
12-15
9-
Cash
Register*: (quar.)
City Bank of New York (increased)
National
1
1-31
Co.
&
12-10'
12-22
*'$1.37'/2
(monthly)
(monthly)
pf
8
5
1-20
:
'
1-15
$1.75
dividend)
Container Corp. 43A%
Common (stock dividend)
3-
2c
(quar.)l_
pfd,
(monthly)
preferred
Corp.
1-
*
15c
Reserve
i
1-31
$1.75
,
(quar.)
4 V2 7$
2
i-io
:■
>1-
$1.75
41 'Ac
6"$
1- 4
><ii-
SI
National
3-
9
'
preferred
Electric
Airlines-(stock
Battery Co.
1-
3-15
1
1-19
50c
Colorado—
of
Republic Investors Fund—
•
'
'v
Narragansett
1-15
4-
$2.50
(quar.)„____
•/
*
.
12-28
I'
1-15
$1.50,
.
Extra
$1.62%
12-20
Fund
*
$2.50
'.7
(quar.)
preferred (quar.)
(interim)
preferred
Reading
1-15.
5c
$1.50
(quar.):/; /50c
______
(year-endlw^/I/il lOc
(s-a):/**//:>; $1.25 ;/
(quar.)
12-31
-$1.50
Mines
87$
Ltd.
67$
1st preferred
'Ja r»l.Mncr
'
Rath Packing Co.
,/•/
11-23
7
^"l-lf
5o
!
A
12-33
si
;*
(quar.)
Common
423c'. >1-10:,/ 12-19
.4- 1
2-22
$$1.75
.
•
'
pfd.
(quar.i
1- 2
■
1-12
75C
Employees Corp* Class A (year-end)
B
(year-end).
preferred (quar.)
Railway Equipment & Realty—,
12-31
>1-15
/' ' $1.75
$4
1-15
1-12
::
•
(s-a)__
80c
1-15
..
1-15
15c
1$6
RR.
57$"";lst pfd.
Co.
Inc.
1-16
1
'
1-10
7Vic
-
__
(quar.)
(quar.)
12-31
^
preferred
preferred v,(quar.)
Dome
Gamble
.
'•'' i'/$
•-
l-io
1-15
2-
■1
12-31 ',*'
■
25c
Class
,1-31
:
1-14
2*1,
-
Power, common (quar.)__' ,> 37%c
(quar.)%c
.
12-28
:
1
$2.50
•>
Railroad
2
Mining & Development Co.
States Tel.
1-7
"
preferred
Radio
12-31
1
120c
(quar.)148c
(quar.)
50c
Corp, of
;
$1
$1.75
Mining______'__^_____„______
East
&
Common
(accum.)
(quar.)
V
Purity Flour Mills, 6% preferred (quar.)___
Quaker Oats Co., common (year-end)
/
1
$1.20
&~RRr"(s-aj"III
common
2-
37 %c
*___
5'/27$ 'pfd.
Power,
<quar,
-■
67$
•
Inc.—
conv.
Co.,
& Co.
57$...preferred
Corp., 67$ pfd. (accum.)_
Mining &, Development
.
:i
;i-15
g
$1.75
'
-
preferred
&
*
12-20
1
1-25
SI.10 :
Puget Sound Power & Light CoX4XX-:M-':X,\
$5 prior preferred (quar.)__
12-31
m.2- 1
$3.50
'
(year-end)
preferred
5'/27:$
$6
Ward
Mount Diablo Oil
2
A
Co.,
NaW
1st
Pictures
Carbon
1-
.
6 7$
Power
Plan
Mount
1-15
Silica
* 12-31
(quar.)
Supply
&
(John)
1-15
(quar.)
1-15
>
Corp.
Public Service Corp. of' N. J.—'
6% preferred (monthly) '
6 7$
preferred (monthly)
.
class
1-10
17%C
.
Brewery/'Ltd. t year-end
Knitting Co., Ltd., 77$ pref, (quar.)
5% preference (quar.)
Monroe Loan Society,, class A (quar,) ______
30c
Light
1-15
12-20
,
Manufacturing Co., Class A (quar.)
Liquer Corp. (year-end)
+75C
&
Ltd.
Petroleum
15c
;
:■;■:>'■:■ 5c
5 7$
-
12-20
62'/2c
Co., 77$ pfd.
(quar.)_______________
Water, Co.
Piping
—III
Indianapolis Power
Industrial
1-25
2-
50c
(accum.)——— I
Hummel-Ross Fibre
Corp., 67$ pfd.
Hunt's, Ltd. Class A (year-end)
1-25
2-15
$1.25
—
Co._.
1-31
1-15
I
Insurance
National
preferred—
Motors
1-25
2-15
2-15
15c
^
Co.
•
$1.25
70c
common—7—
(quar.
SI
77$
2
1-15
30c
Co., Ltd.—
-
Gold
Common
.
12-31
tl7'/2c
_
(quar.)
Fire
Mills,
/.National
v
(Edward)
2-15
75c
.
V
in-
1-
Mountain
8
$1
!
—
preferred
12-31
30 c
v.
5'X
'...
2-
—-
common.
Proprietary Mines,
12-31
,
1-15
3-3
■'
1-18 > ,12-26
40c
(quar.)^___*—
Hines
;
1-16
5
3
J1772c
quar.)
:
Electric
Preston
1-11
Morreil
1-15
$1.12 «/2
Co., 5 7$ pfd. (quar.)
Div. rate reduced from 67c to 57c Nov;
15th,
Hibbard Spencer & Barlett Co.
(year-end)
,
v 1-
pfd. (initial)—
Hercules Powder
'.
37%C
1-
•
1-11
50c.,
(quar.)
com.
9
9
*
(quar.)
North Adams RR.
preferred
*
Proctor
>
1-11
Mountain
1-15
Monthly
1-15
50c
-
,
1
1-31
,12-20
.
Higbee Co.,
2-
/
$1.25
Montgomery
12-31
1-9
$1.75
Extra'
Ltd.,
.1-15
1-15
(H.
•
,
9-25
(quar.)_—
.
-
12-13
12-31
1-19
3%7c preferred (quar.)_____
Hershey Chocolate Corn., ccmmcn (quar.L/v-:'
$4 conv. preferred
(quar.)
^
1
1-15
10-
10c
Marx——
Electric
Light
Corp. of America, 4% 7$
12-31
50C
,
Hartford
Hat
3-25
$1.50
preferred
V-12-31
1-15
:
Monarch
6-25
f$2.50
7;.
Co.—<;
(quar.)
Gas
$1.25
»Premier
1-15
$1.06 'A
Molson's
2-13
1>
7-1
t$1.50
(initial)—
Refractories
Co.,
(quar.)
Utilities Associates—
1-
1-
—
K.), new common (initial)__.___
Portland Gas Light Co., common (year-end)
$5 preferred (quar.)_
________
>.
■
;> 12-31
3-1
$1.25
'
^
„
__________T_
Hamilton
67c
America
Tel.
&
Public Service Co.
.»*.
(quar.)
preferred
Moir's,
12-20
4-
1-15
1-15
Miller
7-25
$1.25
X 6%
1-10
75c >
•
-Mohawk
4-24 '
1-15
34%c
1-15
1-30
'20 c":
•
j Montreal Telegraph Co.
!
(quar.)
&
Mill Creek & Mine Hill
7-25
X..M
:
12-31
1
Porter
1-5;
■
30C
1-15
2-
1-31
Monogram
V'v
Power
12-31
SI
Midwest
—
-
1-15
20c
Middlesex
'
-
Lakes
1-17
12-31
$1,50
Mercury
"
American
1
1-25
2-
7
Merchants
4-24
1
8-1
8*
Plymouth Cordage,
Employees stock
*
pfd.
(quar.)
Mercantile Stores, 7 % preferred
12-15
1-15
,
30C
.7 Year-end
Tel.
preferred
''■-5%
t-ffi 1-20 I
5-1
30c
Pitisfiejd
12-17
Potomac
i/f
preferred
:67&
-
Great
class A
9
SI.25
'
/
I)
3-15
1
1-
$1
Pittsburgh Bessemer & Lake Erie RR. (s-a)
^Pittsburgh Cine., Chicago & 3t.:Louis (s-a)
Pittsburgh Fort Wayne <te Chicago Ry.—
- 7%
preferred (quar.)______
9
McKesson «& Robbins, Inc., $4 pfd. (quar.)_
Stores Co., common, (quar.)
2-' 1 r 1-25
>■ 2-1 ■.,;l'-25'>
30c
MXX Extra-
$2
2-
$1.36
:;f;
12-31
1-
1 06(4
McLellan
n
30c
.
"
■
Co.
12-26
$1.90
Phillips-Jones Corp., 7% pfd. (accum.)__—
> Pick (Albert). Co., Inc., common
5'A preferred (s-a)______;___;/*:__>l:-___
:/
Pillsbury Mills Co., $4 preferred (quar.)
12-15
12-31
1-15 >
1C
1-22
$1.50
,(year-end)
common
Co.
Rubber
1-157;
•;
31'Ac-
■
(quar.)___
Corp. (quar.)
McColl-Frontenac Oil
1-15
1-10
62'AC
;
7.;:
McCall
12-31
1
12-21*
1
25c
Forbes,
(accum.)
1-15
'
$1.25
•
:
participating preferred (quar.)
Ma3sawippi Valley RR. (s-a)__
2-25
2-
2-
'■'■'/2** 5' '
1-16
$1.06'A
,
(quar.)
par
1- 3 >
2-15
1-14
12-
'
57$
2-25
1-15
25C
^
(quar.)
par
1- 3
12-28
7
1-10
75c
(B.) Co, (year-end)
Calculating Machine (quar.)__;
Middle States
> 31'Ac
—
12-1275
3- 1
$2.50
30c
Quarterly *'
Extra.
1-10
"\-
30c
~XfX:
77$
1-10
(quar.)
$25
&
Massachusetts
1-2
Extra
1
4-1
8
63
&
1.
1-14
200%
?
«
12-
1-
1-31
35c
;
*—'
1
preferred
2
50c
;
I Philadelphia Co., common (year-end )„__
Philadelphia Electric Co., 4.40% pfd. (quar.)
1-15
; > Phillip Morris & Co,, Ltd., common-*.-—
1-15 7 ;/> >4 % preferred(quar.
12-29
1-15
(quar.)50c
Field &. Co., com. (increased
Martime
>
tM
2-1
:
$100
(R. C.)
Marshall
;
f-10
2- l
1-10
;
A
Co.
■"Marchant
1-30
—_
pfd.
> Maniscliewitz
12-10
.
4%'/o
•
.
prior
Pharis Tire
1-
loc
-12-29
2-1
.2-
5%
.
12-29
■
1-15
50c
;
Macy (R. H.) & Co.—
,
'
4(47$ preferred A (quar.)_i_^>
Mahon
•
?>■
12-31
.
1-15
1-15
,
50c
,
.
5-10
3-
Hosiery Co., Inc. (quar.)
Graham-Paige Motors 5"M pfd.-A (quar.)__
:'Hv
1-18
1-25.
{i
arrears;
' 1-15
■■
12-31
30c
■'
preferred
preferred^
12-31
.
SI
Peoples Gas Light & noke (quar.>__;
Pere Marquette Ry. Co.-—■
12-27
8c
(quar.
preferred
Macwhyte
12-31
1
5-25
25c
payment clears all
Co. (year-end
.vMacAndrews
i
•
1-21
1-25
1
Co.
preferred
67$
...
2-15
Gotham
5'-o-
1-18
1
1-15
2-
507«
•; &
1-15
75c
(quar.)
9
..>2-' 1
.
60c
;
1-
,
12-31
1-15
7
(year-end)
.preferred
$6
25c
56(4c
County Gas & Electric—.
>1
preferred-.-'4initial,.quar^I*.^^wk>i^ 4
.'-tyttdfi (Henryc:r,*& co.,___>r>ri>'rrrI_:__I ^
1-21
30c
Co.—
.yv. $7
' '
Luzerne
Tl-18
1-25
(extra)
-1-15
1
>
7 >,414-7$
1-15
dividend)..
2- 1
$1.75 '
I2%c/ >1-16
75c'
preferred
■''> 57f
,
■
12-31
*
$5
Stores
5 7$
4-15
$1.25
(quar.t—
& Rutgers Fire Insurance
1st preferred (s-a)
2nd preferred (s-a)
5 7c
> 12-24
1
$1.12%
(initial)__
common
$4.50 preferred
2
1-2
Candy Corp.________w__/__>i>*../__*.;i_*-..g;
15c :
Lord & Taylor, 8% 2nd pfd. (quar.)
$2
Louisville Gas & Electric Co. (Ky.) common
37'/2c
11-27
25c
;
1-
Co.
4
12-20*
1-15
SI
81.40 class A (quai*.
Penney (J. C.) Co. (stock dividend)
Pennsylvania Pwr., 4JA7$ pfd. (initial quar.)
Pennsylvania Power & Light—
12-14
1-
Loft
1-15
$1.75
preferred (quar.)
1-15
>
2
——
Liquid Carbonic Corp.,
II-27
1-15
(quar.)—
8
12-31
i 1-12
10c
Little Schuylkill Navigation RR, & Coal Co.
Semi-annual
,
-
(quar.)_
common
1-
71-31
$2
$1.50,;
—
Lerner
1-15 vy
$i
Georgia RR.
8
&
'■. 1-
1-15
$1.50.
/
1-
Davis
12-30
1-15
(quar.)
Patchogue-Plymouth Mills, common
Peninsular Telephone Company—
/ Common (quar.)
f 1-15
'
$1.25
Park Utah Consol Mines
Parke
12-31
2-15
40c
Electric
$1.25
'
pfd.
1-10
12-31
2-
15c
•
1-15
1-12
75c
4%
1-25
12-18
2-15
,
&
12-26
12-28
'1-15
■
Inc.,
1-15
1-10
'"'■''■"25c-
Bottling
Companies,
1-15
12-31
50c
1-31
'. $1.50
;
*
(quar.
5
1
2-
50c
(year-end).
Co.
2-1■
15c
"
6
Co.
1-
12-28
2-15
S4
Co
Electric
Coca-Cola
2-15
+70C
preferred '■ ■ (quar.)
Panama
'
9-16
75c
Year-end
1*
&
1-15
1- 7
tSl.75
(accum.)
1-28
__
1
;
>71-15
(s-a)/—/7^.:;v$3.50
„
3-' 12- 2
5-
.
General Water Works
9
12-31
Paraffine
$3
•
Co,,
Lighting Corp., $5 pfd. iquar.)___—
Pacific Telephone & Telegraph Co,—
->7
(increased)
;' ; 40c
dividend'&"v
100%::
(stock
Brush
"
12-28
1-29
75c
15C
(extra)
Ltd.—
Pacific
8%
V
1-15 7
Link-Belt
,
3-15
,
1-9
;
General
Finance Corp., common
(quar.)—
5c
":Vf 5'X. preferred A. (s-a)/'//—25c
6r/o preferred B (s-a).
J
30c
General Mills, Inc
MVsC
General Motors Corp., $5 preferred
(quar.)> 7: $1.25
.
Extra
2-
2-15
Fibre
Pacific Gas
2
6-15
1
1
25c
(quar.)
Co;
1-
1-15
.
$1/1
.
5
1-10
56'Ac
'tl-,
Owens Illinois Glass
Ox
1-25
10c
\*
(quar,)
(quar.)___
Co
"i
•
&
12-31
12-31
(quar.)
3
'
Steel—
1-19
t25c*
Products
2
12-33;
1-15
common
7 7$
preferred (quar.)____
Orange Crush, Ltd., 70c conv. pref.
Orpheum Co., Inc. (year-end)__
12-18
1-
I-
1-10
30c
*'•' 50c
common—7
>>;;50c
•>,
5c
;;
(year-end)
( Julius)
,1-7
fi'
I-
1-19
i'6C
1-
1-15
Lee Rubber & Tire
12-31
1-31
•
Industries,
Gardner-Denver Co.;
7 !
non-cum.pfd._i
50c
•
12-31
1
$1.25
(resumed
12-
1-15
117c
1-1.5 X-
Vv7 1-31 ;
——
Iron
Wood
$1.50
6%
1-18
.
Fyr-Fyter
1-11
1
1-15
£■*
.'I
Malting (quar.)
■
v 25c
Xi $2.20 preferred
(quar.)
55c
Fruit of the Loom, common
(initial)
25c
Additional
t—r /'7'/ 48c
Fuller Manufacturing
Co.'//X}">iOc
'
$1
2-
$1.313A
Mines
Steel
1-14
$1.25
____
Inc.,
12-31
(Minn.)-—
—
1-15
10-
750c
.
2-
Gold
;;
1-15
'
.
(accum.)
Industries,
1-15
12-22
1-15
■
si
,,,
(quar.)
Industries
&
Common
1-31
Realty Corp. prior pfd (initiai)__ '
37%c
Corporation (quar.)
30c
Corp. (increased)
31'Ac
Liberty Baking Corp $4 preferred ; (accum.)^50c
Liberty Loan Corp. 50c preferred (quar.)___
■
12'/2c
4-
735c
—_
/
O'Brien
1-11
Lehman
7-
37%c
(quar.)
&
V
1-15
1-21
•
50cv
Canada
(quar.)
12-31
1
1-31
^~^-$4
Bryant, Inc., 4% 7$ pfd. (quar.)
Langendorf United Bakeries, class A (quar.)
Class B (quar,)
67$ preferred
(quar.),
;
,
7
preferred
(s-a)__
series A (quar.)
Lefcourt
37%c
———__—Q
1-
2-
~
87c
•
1-15
;
37%c
'
10c
87V2c
(year-end).,
preferred.___.___
3V27c
Lane
12-31
1-25
50c
(quar.;
Ontario
Works,
Labatt ■.(John)
>
12-31
.
1-25
25c
$1.183A
.
12-26
■:
1-15
>//;/> 75c/
Tire
7
II 1-15
1
(quar.)__ Q
(quar.)___'____r___r_:__„
Foster-Wheeler Corp., 67$ pfd.
67c preferred (quar.)____
Eraser
l-
-
$1
Firemans Fund Insurance (San Fran.)—Firestone
.:
$3
20c
(increased)
common
12-31
25c
-■
(Wm.)
12-20
'7
_' ,$1.50
Extra
Filene's
1
1-10
1-15
r
—
•67*v preferred- (quar.)_u___
Felin (J. J.) & Co., Inc.
(year-end)
1-18
1
Creamery Co. (extra)
Kroger Grocery & Baking—
7% 2na preferred (quar.)
s.
Krueger■ (G.) 'Brewing Co. (quar.),
J 4-
50c
'
—_u_
1
Knudsen
(Wash,/ D. C.)-~;I*%'/>//>'/>
(quar.)
2-
$1.06(4
Shoe
Kinney (G. R.) Co., Inc.—
$5 prior preferred (accum.)
67c
1st preferred (quar.)
-
,
Olin
Kellogg Switchboard & Supply, common
:57c preferred (quar.)
;
Kentucky Utilities Co. 6% preferred (quar.)
Farmers.'raders Life Insurance, Syracuse^ / //; v.
.-Quarterly-$2.50
Fedders
Manufacturing Co., new (Initial)-—
/ 10c
Oil
1-15
67$ ;preferred (accum.)
Department Stores
1-19
'
1-19
preferred
Kayser
'
.72- 1
$1,50
12-31
2-28
Kaufmann
1-
1-15
1-21
1-31
:
S?
(Del.)—/
Power
1
2-9
Si
.H
_/
Ry.
States
preferred
l-!3
1-10
25c
(accum.■ $1.12%
preferred
$5
2-
$1.25
1
1-15'
1
2-1
Co.—
(s-a)
Power
preferred
14c
Kansas City Structural
1-5
1-15
■;
15c
n-inv
^
Inc.
preferred
6 7$
$15
Johnson
Water
7c
2
62s/2c
preferred
(quar.)
4
"
Extra
Co.,
&
12-26*
1
1-
(quar.)\*_
5 7$
Brothers
12-26*
;
States
(quar.)
12-26*,
1-15 "
V 15c
„
com,
.1
1
Pacific
Northern
12-
2-
,"*
933ic
(quar.)*:_^___„_'___.*,_
Northern
2
preferred (accum.)____
4(4 7$ preferred (quar.)
Co.
Kansas City Southern Ry.—
■
2-15
1
.
Ry.
preferred
2*
1-
com.
1-10
1-15
'
70c
(s-a)
&
7
1-
'
5%
1-
1-17
,
preferred
-
preferred
Radio
; 1-
i\>
2-11
•
preferred
Eversharp, Inc.
Famise
2-;
;
25c
(year-end)___
Journal
1-10
12-31
M
••v
96%C
Ely & Walker Dry Goods,
••> Common
(year-end—
Fair
1-15
50c
Corp._v'v :i;
Central
1-15
$1.25
,
Publishing Co. of Ottawa, Ltd
Julian & Kokenge Co. "(year-encl)
K W Battery Co.,
common, (quar,)________
Joplin
12-31
■
Stores
,7Jones & Laughlin Steel Corp.,
1-10
1-25
;'I;'
77$
Johns-Manyllle
1-25
.Northern
12-10
1-15
SI.25
_____
/Northern Indiana Public Service—.
■
1-22
SI
common (year-end)
Western
/Northern
2
41-15
2
12-10
12-15
L.)
Tea
Johnson
1-
1
1-10
1$2
RR/
(quar.)_
Corp.
Railway
preferred (quar,):
&
12-15
2
25c
Corp.:1'-—
6%. 2nd
ot Re".
<8
57$
•
Electric
12-26
1-
1-18
Noma
Norfolk
Adj.
2-
$1.75
'
Engineering
1-15
1-15
1-
1
$1
12-17 ;
12-31
1-15
1-15
$1.25
(quar.)
preferred
12-17
1-15
1-15
1-15
$i.i2 %
__
>
Co.
7
65c
(year-end)____
&
Glass,- 1%
47$. 2nd
Steel—
&
Bolder*
Co.-—
Central
preferred
35c
2-
25c
(quar.)
$5
1-15
Johansen
75C
preferred.,—
77$
(F.
50c
'0a
Stainless
1-
12'/2c
'
year-end/
Jacobs
'//,
Co.—
preferred
Eastern
Eleetrulux
Payable
Newberry (J. J.) Co., 334%^ pfd. (quar )____
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred
(quar.)_____
12-15
1-15
13772c
(quar.)
com.
York
New
25c
.SI
iquar.)_
Duquesne Light Co. 5%
Electric
1-15
Jeannotte
—
Nemours
$4.50 preferred
,12-15
convertible preference
Investors
Mutual, Incl <
12-14
Corp.
duPont
12-31
1-15
(initial)—______
(accum.)
Utilities
30C
preferred
Co.
Department
67$
1-15
(W.
Duplan
Auction
Stock dividend
Foundation, Ltd.,. common......
'' '.125c
(quar.)—175c
Investment
3-
t $1.75
.
L.) Shoe Co. (year-end)______
Chemical Co., common (quar.)—
—_
Dow
2-15
120c
com. (quar.)
(quar.)—
4 7$
Aircraft
Interstate
2-
725c
B.»£„*' /.
'
>>■'/
■
preferred
International
3
•
Class
Powders,
partic. preferred
2-
725c
*$1.38
—
■
Dominion Textile Co., Ltd.—
I'M preferred (quar.)
' ' ' 50c;.
*
Bronze
International Nickel Co.
12-28
1
'
'
Extra
!
12-31
77c
preferred
(quar.)—3
International Paints, Ltd., 57$ pfd. (accum.)
International Rys. of Central America-— • 7 ■ >7/
1-15
12-28
1-15
*$1.75
1
1-15
t$1.25
(quar.)—
67c
1-15
(quar.)
Linoleum
&
International
International Furniture
,$20c
.___
1% preferred (quar.)—
Dominion Malting Co., common
2-15
preferred (quar.)^ '
of Canada, Ltd.—
:
*37 %c
(quar.)
common
12-31
$1.25
_1_.
Extra
1-31
____
2-
(quar.)J_-_
Dominion
Oilcloth
York
When
Skare
Name of Company
*
(quar.)_._
Co.,
(s-a)
75c
(quar.)__/
common
Insurance
33)c
_______
?30C
(quar.j__
£—
.—>•'■
/ '/■/
(quar.)„_«
preference
preference
Dominion
rer
0} /tec.
New
Group shares (s-a)
Co. of North America
insurance
t $1.25
,
Distillers Corp.-Seagrams, 57$ pfd.
Fabrics,
Holder*
Payable
Institutional Securities—•
12-10
20c
Share
109
(
$4.25 pfd.
Dome
Dominion
Name of Company
of Reo.
$1.06'A
When
rer
Holder,
When
Payable
Share
(year-end)_____,_„_-
& Almy Chemical,
Diamond
.//> *,,'
CHRONICLE
1-21
$1
1-21
.
THE COMMERCIAL & FINANCIALv CHRONICLE
,110
Southern
5%
Edison Co., Ltd.—>
preferred (quar;)____^_i:,—
preferred series C (quar.
37*/2C
Common
lrl5
1-18
$$1.50 1-15-46
12 Vic
1-15
Power Co.—.
Colorado
Southern
12-20
J ;
12-31
Pressed Steel
$1.75
Extra
1-10
3-1-46
2-15
10c
1- 7
12-20
2-1
1-15
50c
1-10
1-2
$1.50
1-15
12-31
1-15
1-11
1-15
1-7
on
2-
1-15
35c
Quarterly ———
—;—
Manufacturing Corp.
—_——
(E. R.) & Sors, $4 pfd. (quar.) —
Standard Chemical Co., Ltd., 5% pfd. (quar.)
$$1.25
3%% pfd. A (quar.)
93 %c
1-15
1-10
12-21
1-10
7;
12-31
$10c
12-21
75c
Spicer
Squibb
Oil Co. (Ohio),
Class
B
(quar.)
Works
5%
(quar.)
1
60c
2-15
15c
Oil Co. (quar.)—.
Steel Co. of Canada, common (quar.)— —
7% preferred (quar.)__-.-_i^^—-i--,--Sterchi jtiros. Stores, Inc.. 6% 1st pfd, (final)
Stayton
2-
$75c
2-1
12 Vac
series "A," on. the New
1-31
Inc.
10c
Products
Export
Towle
Manufacturing
Transwestern
Trunz;
Inc.
Oil
Tuckett Tobacco Co
South
208
La
United Aircraft
5Vi%
United
Bond
&
Ltd.
Share,
$1.50
^ 1-15
x
$$1
1-.5
; l-
1-15
t$i
50c
1-8
1-
2-6
1-15
"'$$1.75
1-15
12-31
62Vic
4-1
3-20
-$1
■5:
■
■
1-10
13c
■
1-15
$10C ;
1
'
2-
31c
I
,
1-15
.
i?
v
6-15
t;
prior preferred
:
,
consisted
1-19
;
pany's
and
..
1-
1-12
'
5
.
•
:T-——------
12-29
17 Vic
1-15
; .12-20
:
,
Universal Leaf
Utica
&
Tobacco
Pictures
Universal
Mohawk
$1
Cotton Mills___—
Vulcan
Tuican
Detinning
Vulcan
Co..
Works
Iron
—
$2.25
*
:
4 \k
%
1-18
1
%i"18 ■§?
5:-' 1-19
1
2-15
■'
6-
1
5-15
v
6-
1
$2.50
A
?
5-15
$1.25
1-15
1-15
12-31
$1
2-
1
1-12
,
$1.50
,
—^
,2-15
-.v;;
2-15
i-i7
,
Power-Co.—
Grocers, Ltd.,
$1.12 Vi
:
common
:
1-15
175c
12-20
'
1-15
$$1.75
1-15
(quar.)_
12-14;{/;
'
'
7%
preferred
(quar.)—
^
Other
12-14
:
Western Light & Telephone Co.—
5%
'
;
preferred
5%
(quar.)
common
&
1-15
75c 2-15-46
preferred A (quar.)„
Western Tablet
.2-1
31»/4C
^
Western Pacific RR,
$1.25
Stationery, common,—
2-
2-15-46
50c
^
.778,158
1st mort-
'
'
1948
■
stock
reserved for
"
taxes——
post-war adj.
contingencies w-
335.000
288,000
4,468,500
156,000
3,884,400
•
65,000
•
140,000
,
210.600
'.7
$1,728,786
$1,921,281
$1,637,434
$904,135
surplus
v
has received an order "for 300 box cars ftorn the'
it was announced by the company on Jan. l.
This corporation
Baltimore
shares
•/-V. -162,
<
(te Ohio RR.,
3198.
p.
k
,
;
85.955
945,500
i
Prudential Insur. Co. of America—New President, etc.
possible issuance upon
cumulative preferred stock:
!
The
,
incorporated in Pennsylvania
•
27 elected Carrol M. Shanks* President, to
Mr. Shanks, who is Executive Vice-President,
who retired as President on Dec. 31;
Dec.
office on Jan.
1.
Franklin
succeed
will
on
company
assume
was
"
income
'
$411,000
•
'
264,300
4,181,400
Receives Large Box Car Order—-
Outstanding
,
—v
'
,
/
'
$1,250,000
210,600
2,305,000
82,150
'
profits tax
exc.
for
and
D'Olier
,
p.'2655.
Chairman of the board of directora.—V. .161,
and became
Public Service Co. of New
Period End. ^ov. 3d—
cars,-
Operating
Hampshire—Earnings—
l945-^MonthUl944
,.
$888,937
! 427,425
revenues--—'
• " 1945—12 Mos^-1944
::
$862,609 $10,016,937 $10,063,921
427*549
' 5,109,377
5,408,042
: 103,172
.1,192,729
U,191,730
$363,798
$331,887
%Dr3,925
$3,714,831
10,595:
$3,464,149
K
5,344,
;
Dr 1,082
$362,716
Operating expenses——
Taxes other than Federal
1
•
minor
a
built
portion
according
of*
viz.,
to
the
$327,962
$3,725,426
$3,469,493
>
■aft-".-'j*
97,714
income
Pittsburgh;
Calumet
River
RR.,
the
company's
common
McKees
Rocks
RR.
for
the
$1,203,000
-
.
•
_
1-10 ;;
;
i
2-
1
12-27
income;—-
oper.
Non-oper.
.
income
Gross
v
(net)
income
Deductions
■
carriers,
export sales averaged approximately
and 1940.
1939
;
most
Allegheny &
are
Net
production and ;
part the comspecifications. />■:;
;x:i
company's
For
customers'
-
f
--t_
•
€7,590*-- 815,413
64,842
827,213
:
,
;
Balance
-
charges-
taxes
$260,372
115,300
$1,836,333 $2,642,280
;;; 23,000.1,035,300
$145,072
55,816
$1,813,333' $1,606,980
55,821
$142,053
$89,256
I
on
2,642,280
2,910,013
"1,073,680
—
$297,874
income.
100,000
Balance
Fed.
260,372
297,874
——
Non-recurring
!
•
Net
income
stock
Pfd.
for
'
div.
•
$197,874
.
require.
676,863
669,797
,
Balance
company began the manufacture of armored medium
British Government on a cost-plus-fixed-fee basis.
In
charges to
income
on
are:
due
'
•
$1,143:536
1
i
book
loss
1
reductions in Fed-;
of gas properties,
steam plant construction
sale
on
(2) loss from abandonment of
Governmental war. restrictions* $150,000,
to
e<
$930,117;
Income resulting in
(1)
$923,680;
.
'
.
.
,
1945, the company sold its gas properties and
business and ceased doing business as a gas utility.
'
^
For Federal income tax purposes, the loss resulting from the sale;,;
NOTES—On
of
gas
Oct.
I,
properties is estimated to be $1,235,000, as compared with the
3198.
.<
'
/
loss of $923,680.—V. 162, p.
book
,
;
Public Utility Engineering & Service Corp.—Output—^
the operating companies served by this corpo-v
ended 'Dec. 22, 1945, totaled 200,299,000 kwh.,
206,190,000 kwh. for the corresponding .week last
year, a decrease of 2.9%.—V, 162, p. 3199,
Electric
for
ration
output of
the week
compared
as
subway cays.
Immediately upon the surrender of Japan, in August, 1945, all of the
war production contracts, with the exception of the con¬
tracts covering the production of diesel-powered lift trucks for the
U. S. Navy and for certain special self-propelled gun carriages, were
cancelled.
As
of
Nov.
I,
1945, war orders totaling approximately
$547,000 were still'uncancelled, but the company is unable to make
any
representation: as to when or if such orders will be cancelled.,
Up to Nov. 1, 1945, the company had submitted termination claims,
other than under cost-plus-fixed-fee contracts,
aggregating $131,000,
of which $117,000 had been paid as of said date;, leaving an unpaid
balance of $14,000,
and the company expects to submit additional
such termination claims, aggregating at least $650,000. The settlement
of all such claims involves negotiations with governmental agencies,
and the company cannot predict when; such claims will be paid or
whether they will be allowed in full.
Costa and expenses Incurred
in
connection
with
the
termination
of
the
major portion of the
cost-plus-fixed-fee contracts are being reimbursed by the Government
as
incurred, and, based on past experience* the company does not
anticipate any extended delay or material disallowances in connection
1 '
•
j,
taxes
eral
special combat
therefor.
Tank
together with special equipment and parts
production was concentrated at the company's Hegewisch plant, Which,
prior to the war, had been unused for some years except for a portion
of such plant leased to another
company.
During the war period the
company also produced, large quantities of shell forgings and machined
fhells, and processed armor plate for the U. S. Government principally
at -ts McKees Rocks plant.
Beginning in 1944 the company produced
five hundred
deisel-powered automotive lift trucks for the United
States Navy Department.
In addition to such production for war
purposes the company also continued the manufacture, at its McKees
Rocks plant, of railway freight and
passenger cars, industrial cars,
<
*Non-recurring
■
latter
with
Puget Sound Power & Light Co.—-Stock Delisted— /
removed from unlisted trading on the T
York Curb Exchange at the close of business' because the SEC
•
The stock of the company was
New
refused
A
/
group
made
extend
trading privileges.
1
'
•
an
•'
of public utility districts in
the State of Washington has
which
offer to purchase properties of the company at a price
$18 a share to the common stockholders.
The company, has.
said that it is willing to submit the offer to its stockholders with the
recommendation that it be accepted.
;
./
will
A
pay
group headed by Halsey, Stuart & Co., Inc., and John Nuveen &
underwrite an issue of revenue bonds to finance
purchase.—V. 162, p: 3199.
; ir ;
Co. has been formed to
.
S
to
Gets Purchase Offer—
,
■
$6,833,781 >, $6,223,786
•
1-17
$1.75
—
;
,
$6,223,134
360,170
,
Income
surtax—'
(net)
Prov.
company's
1
1
,
$7,001,845
:
'
and
tax
Federal
S.
and
1- 2
$1
,
(quar.,)
(quar.)
v
3-
■
preferred, (quar.)
Western
-1-15
$1.25
preferred (semi-annual)——————J:
Co., $5 preferred (quar. )—"
2
Wellington Mills, Inc. (year-end)—!——
Federal- normal
%
Balance,
'
vehicles
j
$1 25
5%
preferred
preferred
'
i-io
1
2-
$7,263,446
429,665
$3;501,885
;
//:;
part of 1941, the company negotiated a contract with the
Government for the manufacture of similar armored medium
tan.es. and until the recent termination of the war
with Japan pro¬
duced substantial numbers of such tanks and other
12-31
12-31
;
2-
62 ViC
$1,083
Weatherhead
7%
1-15
1-31
33%c
!
Weeden & Company
West Penn
the
4-15
1-10
&
1940,; the
tanks
.U.
7-15
1-19
10c
(accum.)—
Warren Brothers Co;, $1.35 Class A
quar )
S2.50 Class B (quar.
Washington (D. C.) Gas Light, $5 preferred
Washington Ry. & Elec., 5% pfd. (quar.)—
5% preferred (quar.)—
6%
■;;
*
.
West Penn Electric—
In
'
$1.75
$6,617,464
394,330
,
deductions-
Income
.
operating
as
switching railroads for other railroads and. respectively for the
company's McKees Rocks (Pa.) and Hegewisch (Chicago, 111.) plants.
Pressed Steel Car Sales Co.? a
subsidiary formerly known as Koppel
Sales-Co., Inc., acts as a selling and warehouse agency, with offices
in
Pittsqurgh, Pa., and San Juan, Puerto Rico. Koppel (Philippines),
Inc., a subsidiary, acts as a selling and warehouse agency, with
principal offices, in Manila, Philippine Islands.
:
The
'
>i-10
Wagner Baking Corp.—
$3 convertible prior preferred
1-15
1-31
/
$6,641,774
cars
box
subsidiaries,
the;years 1938,
m
8-1-46
-
-—
1,
••
were
Chicago
/
2
1-
£ i-15
;
5-1-46
75C
—
(quar.)
(quar.)
pfd.
7%
37 Vie
| 37Vic
■
—
%
2-1-46
Special
.
1
37Vic
—_——
Corp., $3 conv. prior pfd,
2-
$6,839,535
423,910
$3,590,601
*158,365,
$3,748,966
,
j
1-16
l-lo
•
1-10
$1
50c
"Vertientes-Camaguey Sugar Co. of Cuba——
Virginian Railway—
6% preferred (quar.)——.
6% preferred (quar.)—
6% preferred ■ (quar.)-
.1-31
Sv
2-1
50c
(quar.)—.
Co.,; com.
(quar.)—
1,620,020
$6,325,763
291,701
247,081
income.
•/,";•
STOCK
mainly of passenger coaches.
cars
TWO
•
1-10
.
United. Stockyards Corp.—
'
<
70c convertible preferred (quar.)—„—
%
Co., 5%
common
1-15
l
2-
20c
>
1-15
'
1-15
preferred (auar:)_.
Other
'
the
OEL.
ISSUANCE
TO
Authorized
BUSINESS—Company
constituted:
cars
1-21
$
1
25c
-.
$8,261,795
1,996,390
X
.
2-1
2-
$8,835,926
2,010,541
1,455,572
.
87 Vic
5%
EFFECT
1936.
steel
$8,336,304
:
i
Rocks
,
Railway freight
"
25c
: t.
and
re-arranging of and additions
plant will take place.
The
some
PREFERRED
posite:- and
6*206,707
Br680,000
Although,
$785,000.
presently lestimated that
be required in an amount
,
1.-16;
68%'c
(quar.)
(accum.)
24,
13,467,140
gen.
is
.
i—L——■^2—
Smelting Refining & Mining—
f''
*
1-16
25C
"25C
Chemicals (quar.);—
U, S. Rubber Reclaiming Co.—,
8%
-,
'
__2'——_Lr-—
\U.. S. Hoffman Machinery Corp.—■/'
5Vz% convertible preferred (quar )-—
U. S.
that
McKees
and
expenses
manufactured, sold and repaired included com¬
steep automobile cars, flat cars, hopper,
cars and special
12-21;
purpose cars.
Steel subway carsL were manufactured
**' >.*•*
■"
~P., \*.and
sold
principally. 4o municipalities tar rapid transit service./^, Inq dustrial cars included pre;
cars,1 air dump' oars/ coal mine cars, Sugar !
72-29
cane
cars,
quarry cars, steel plant cars and a wide range of cars,
12-29
large and small, for various other industrial purposes.
Passenger
L31
12 Vic
Quarterly
common
the
23,753,057
9;480,738
$5,046,174
adm;
Selling,
of
From the time of its
organization, the principal business of the
company has been the manufacture, sale and repair of railway freight
and passenger oars,,
subway.and industrial cars and parts therefor. Hi;.
3-15
7-1-46
Plywood Corp.,
of
$26,488,145
"""
4,343,083
has
gage gold bonds, due Jan.
July
>
4-1-46
S.
of
..
HISTORY Si
■
Manufacturers, Inc.—
Extra
anticipates
,:'240,000 shares of
1-10
$1.25
U.
it
will
purposes
conversion of shares of 4%%
i-is;
$1.25
Industrial
made
♦1,280,000
12-20
i/.
1-31
20c
preferred (quar. )„——
_i—
preferred (quar.),_______________i—
'.■wEUB. Cold Storage Corp.^ participating_v__;
S.
expenditures
been
board
the
'-.k.Shftros
4%% cumulative preferred stock (par $50)'
120,000
Common stock (par $1)
12-31
;
5%
U.
these
Illinois Car & Equipment
v
12-31
1-15 '
'f25c;
(Bart.)—/f.' ^
for
„
__—;;;;
5%
Fidelity' & Guaranty Co.
funds
have
CAPITALIZATION GIVING
*■
,
"
Cigar-Whelan— ,; ,/
,■■*i,>;
prior preferred (quar.)
United Fruit Co. (quar.) .i——w—
United Gas Corp.——2—
S.v
authorized
sale
and
/
23,854,930
i-H contracts'Prov.
for renegotiation
1
manufacture
3i1942
1943
1944
Dr765,000 Br4,087,000 Dr7,355,672
$4,172,126.
general funds of the company
purposes:
1
STATEMENT
——Years Ended Dec.
■
25,706,162
the, company intends to manu¬
appliances such
as
electric
stoves,
re¬
intended
already
directors
2
.
$1.25
Extra ' ———i
such
equipment
of
•
United
U.
of
maximum
a
INCOME
23,180,748
products
domestic
allocations
company
the
5
1-5
2—^—
United Merchants &
its
to
the
Co.
and
expenses^—■
Income • from
fixed-fee
replenish
8
1-15
—1——
(s-a)
1-
12-31
1-28
——**'
,
to
6.980
(less discts,,
goods sold
Oper.
amount
.
Sept. 30,'45
.
Approximately $900,000 of the proceeds will be used in part to
the company's cash for the expenditure recently required
(Sept. 24, 1945) to redeem the then
outstanding $895*700 15-year 5%
debentures.
12-20
1-15
•
(quar.)—
Extra
12-20
3c
——
Products, Inc.—
preferred
:—'—
conv.
1-31
1-15
40c
—v_—'"
Corp.
will
of
.
1.163
Si
and allow.—- $24,648,839 $28,648,729 $26,579,388
returns
Cost
'
2.327
Weinress
9 Mos. End.
Gross sales
"
4.654
'
Stroud & CO., Inc._;_—iUnion Securities Corp'—
4.654
;
Chicago. Stock Exchanges and for the
Act of 1934.
•
& Sons,,
.I——
-
_
4.654
.
Co._/_—. 1.745
St
Rollins
Inc.
/
CONSOLIDATED
already authorized expenditures of $185,000
such purposes.
It is presently estimated that additional funds,
aggregating approximately $500,000 will be required for such purposes::
over and
above the expenditures
already authorized.
>*•'
■ •'
12-28
1-10
$45
:
Street
to
board
1-21
10c
■:-2
7% pfd; (quar.)———.
,
Salle
The
/
;
2-18
;
90c
(quar,)
(extra)
(year-end)
1-10
1-10
1
Langley & Co.—
5.817
Curtis—-——.-—.
H.
-
5.817
Co.—:—-—
&
into.
1956,
for
(quar.)-i—————
Co;
2-
2-1
5%
r
(resumed)—^—.
Ltd.
<
$1.50
62 Vic
1,
aggregating approximately $1,500,000 but* both the' estimates
expenditures relating thereto may vary from time to time.
12-20
2-1
$1.75
Toledo Shipbuilding Co. (liquidating)—
Tonopah Mining Co. (Nevada); (year-end)—
Traders Building Assn.
Extra ■
2-1
sell
has
additional
8*
2-
2-28
$5c
exercisable
were
Securities Exchange
for-the "following
diversify
with
specific
no
12-17
1
and
directors
5
1-
1-15
the
proceeds
part
to
connection
M
1-21
rights
prior to. Jan.
frigerators and air-conditioning equipment,
The manufacture of such
appliances will be located at its Hegewisch, Chicago, 111., plant.
Iiy>;
•
'
2-
in
order
facture
3
1-10
2-1
$1.25
$6 preferred (quar.)—__—Textron, Inc., $2.50 prior preference-:.—
;
Thatcher Manufacturing Co.—
Common
(stock dividend)—
$3.60 preferred (quar.)—.
Cilo Roofing Co., Inc. (extra)
Tobacco
1-10
York and
under
proceeds will be added
used
In
1-3
1-
1-25
25c
•
and
1-15
50C
Super Mold Corp. (Cal.) (quar.)__—— —
Superheater Co. (quar.)_-_-L___________—,
Tacony-Palmyra Bridge, 5% pfd/ (quar.)—-,
Tampax, Inc.—.—--——-—^2—
Teck-Hughes Gold Mines (interim)—
Texas Power & Light Co., 7% pfd; (quar.)-
Such' net
■
1-10
1-15
thereof
PURPOSE—Net
2
1-15
5%
(stoclc dividend)—;
30c
Stetson. (J. B.) Co., common (reduced)-—;
^' $1
8% preferred (s-a)__—50c
Stix Baer & Fuller Co., com. (year-end)-—$1.12 W
Sun Oil Co."'4Vi % class A pfd. (quar.)—.
Sterling,
Such
E.
share
registration
2
I"
■
1945.
the holder,
stock at the rate of two shares of common stock for each
of preferred stock, series "A."
Dividends cumulative from
1,. 1946, payable quarterly January, April, July and. Oct. 1,
The company; has applied for
the listing of the-preferred stock,
1
1-
2-1
$75C
of
&
Reynolds
.
^
W. C.
option
4.654 ;
—
Paine,: Webber;--'Jackson
Co.,
Ihc.
'-5.817
Hemphill,: Noyes & Co.—
4:654
Laden burg, Thalmann
; ;;
21, 1945.
the
Co.—1; 5.817%
Corp.—
Brothers
McDonald & Co.—3.430
1.163
Jan.
12-24
1-15
at
Freres &
Hlgginson
Lehman
5.817
Ripley &
common
one
3-1
3-10
31 VAO
Phosphate & Acid Works
preferred———.—
before Dec,
or
Convertible
1-31
1
3-
$10c
——.—
—
Standard Wholesale
Stanley
class A
Ltd.
Standard Radio,
$1
Goldman, Sachs & Co.—
rights to subscribe
cumulative preferred stock,
Vi %
Lee
1.163"
Grubbs, Scott & Cor.——
Harriman
The; company issued to its common stockholders
for an aggregate of
85,955 shares of 4
,
Co.—!
Emanuel
ing 8,598 to be taken up by the underwriters.
Lazard
Co.,.Inc._l..—5.817
Blyth &
series "A," at the rate, on one share for each eleven shares of common
stock held of record on Dec;
•
.
Kuhn, Loeb. & Co-L—-- 12.163 %
A. C, Allyn and Co., Inci; - 4.65411
A. G. Becker & Co., Inc.
6.980
Stock Taken—As
scribed
Indiana Gas & Elec.—
preferred (quar.)——..
Southern New England Ice, CI. A (year-end)
Southern New England Telephone Co. (quar.)
Southwestern Life Insurance Co. (Dallas)—
4.8%
Standard
Preferred
—-
our
$1.20
——-W——i—
;
Car Co.
issue of Dec. 31 the stockholders sub¬
for 77,357 shares of the 85,955 shares of 4V2%,
cumulative preferred stock, series "A" at par ($50) leav¬
12-19
40c
preferred (quar.)—.—
Southern Greyhound Lines (increased/...—
7%
mentioned in
.
.
several
underwriters
named
below
have
severally and not Jointly, to purchase from the company
$50 per share'such of the 85,955 shares of its preferred stock, .series A,
as-are ..not subscribed for by holders of subscription warrants,
in the :
percentages set forth below opposite their respective names;
:
V
(Continued from page 76)
Franklin Process—
Southern
,
UNDERWRITING—The-
agreed,
Investment News
12-20
(quar.)
Southern
f
12-20
34%
operations are carried on In a portion of the company's. Hegewisch
plant, which space is leased from the company.
' '/
r-td.—,
participating preferred (quar.)^—^-,-,-.
6%
1-15
120C 2-15-40
Soutnern Canada Power Co.,
,
General Corporation and
x
California
original
5Vi%
oj Rec.
Payable
Share
Company
Holdert
When
Per
Name oj
,
■
Monday, January 7, 194S
the
,
White Sewing Machine Corp.—
$2
prior preference (quar.)
$4 conv. preference (accum.)
—
Wichita
Water
Co.,
7%
-
,
50c
2-1
.
50C
preferred
(quar.)—
$1.75
Wilson & Co.,. $6 preferred—
Wisconsin Electric Power, 6% pfd. (quar.)—
Wisconsin Gas & Electric, 4 Vs % pfd. (quar.)
2-
V $1-82
Wood (Alexander & James)
7%
1st
preferred
Wrigley
(Win.)
Jr.,
Co.
with
1-2
1-15
.
1-31
l-is ;
12-31
facture,
$$1.75
".:-5 2-
$50c
—
25C
;
'
1-15
12-22
1-10
25c
(monthly)——
1
1-10
$25c
12-22
2- I
■'
Less 30%
•Transfer
1-19
1
export
purpose
costs
Kadio-Keith-Orpheum
well
as
various
as
;
'
:
has
of
11-30
50c
2-1
1-15
25%
1- 8
12-28
of
items
to
manu¬
cars,
and
equipment
already
the
INVESTMENT
advanced
approximately
$138,000
since
; the
Philippine Islands.
IN
GENERAL
AMERICAN
AEROCOACH
CO.—Com¬
pany owns 40%
of the capital stock of Aerocoach, which, together,
With the company's advances to Aerocoach, te carried on the company's
sheet
acquired in
in
1939.
the
amount
of
$1,139,278;
SuchT stock
interest
was
The balance
of 60% of the capital stock is owned
by General American Transportation Corp.. Aerocoach manufactures
transcontinental, suburban, and urban passenger busses, the bodies
of
which
are
Aerocoach's
constructed
lightweight
principally
of-
tubular, frames,.
sheet
steel,
Aerocoach's
placed upon
'manufacturing-
Retire
Corp.—^To
following statement by Floyd
Chairman of the Board, was issued Jan. 2:
Stock—The
and
the board of directors of the company has authorized ad¬
to that subsidiary of up, to $900,000, of which amount, the
liberation
1-15
1-15
cars
'
4
—
reimbursable
Pa., plant will be used for such manufacture and repair.
Company's wholly-owned subsidiary, Koppel (Philippines), Inc., has
already started the reestablishment of its business, and for such
vances
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
in Canadian funds, tax deductible at the source.
Non¬
15%; resident tax, 7%.
a Less British income tax.
$ Payable
for
the company intends to continue to develop and exploit
market for some of its railroad products;
The McKees
company
1-31
,?
for this dividend.
resident tax
claims
and
3-20
4-1
15c
;•
industrial
and
2-20
25C
Jamaica Income tax.
books not closed
all
Rocks,
'
3-
20c
—i../
the
balance
x
Not
BUSINESS—Company intends to
continue
and
repair railway freight
and passenger
sell
subway
therefor,
(quar.)_
reimbursement.
POST-WAR
1-15
'
_2——
'York .County Gas .Qo.-,_——j—
Zeigler CoaL & Coke (stock dividend)-
such
•
$1.50
Canada, Ltd. (quar.)
—
;
expenses have yet been made.
2-20
$1.12'/a
,
Wyandotte Worsted
York Corporation
1-19
Ltd.—
•
Monthly
1
■
(accum.)—_.._V
Wool Combing Corp of
Extra
1-19
•
afternoon elected to call
1946 all its outstanding 6% "preferred stock
$106.54 per share (viz. $105 plus $1.54; an
accrued from Nov. 1, 3 945), The stock is
Trust Co., 55 Broad St., New York.
Directors .this
Preferred
B. Odium,
-
for redemption on Feb. 2,
at the redemption-price of;
amount equal to dividends
payable at Manufacturers
..
the final step in the general program of unification
and refinancing in which RKO is currently engaged. All *
important theater operating* assets are being integrated.in B. F. Keith
Corp., ' the name of which - is being changed to RKO Theatres, Inc.
That subsidiary placed with the Equitable Life Assurance Society the
$22,600,000 of new 3% debentures under the financing plan arranged
by Lehman Bros. The proceeds of the debentures will be used, to the
extent required, to retire substantially all the outstanding funded debt
of theatre subsidiaries and to enable them to pay off ail t^eir debt to
the parent RKO company aggregating nearly $5,000,000.
;,
This
action is
of properties
There are now approximately 93,000 shares of the 6% preferred
outstanding, about 35,000 of the shares originally outstanding,
through con-;
.
stock
having'already been retired through the sinking fund or
version
amended
by the holders into common stock. In accordance with the.
certificate of-incorporation, the right of holders to convert
the-outstanding preferred stock into common stock will continue
until
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4453
163
22, 1946, after which they will be entitled
receive the redemption price.
close of business on Jan.
the
only
to
comprises
with
Consummation of the present program will eliminate all senior securi¬
ties
prior
to
the
into
should-be-converted
stock, ft further result of the
gram w.ould be the creation of additional working capital for the
terprise I in the neighborhood Of $10,000,000).—'V. 162, p, 2990,
%
;
•
RKO company and result in a reduction of charges
common
stock. If substantially all the preferred stock
the parent
of
common
Railway Express Agency, Inc.
v
Period End
v'-'lt\-' ' '
Oct, 31—
y
.V-
'•
and
revs,
Total
-
pro-
one
Operating
inc.-
Ihterest,
disc't
332,366,036
20,657,270 216,578,884
191,160,782
1,333,085
on
funded debt——
Other aeductions
•Rail
•Payments
1,067,730
to
rail
56,343
83,634
136,771,485
O.
-if to
understood,
Van
>•
,
V.
Alstyne,
162,
Noel
&
Co.
is
expected
1896.
p.
head
to
the
also
tax
&
tax
In
letter
a
the
/' ' dends from
Owners
Dec,
dated
Nov.
of
to. holders
28
is
company
calling
28.
of
the
at
103,
accrued
plus
them
net
into
preferred shore for
number
five of
available
;
states:
that
increased
to
at
the
annual
meeting
Jan.
on
17
upon
revision,
in
1944,
the year
the
of
capital
nature,', and the change in the law
operating results for future years.
further
- was
assets
amounted
strengthened
to
Operating profit
should
The
1
for
the
,
rate
of
will
but
not,
Proceeds
annum.
the
C
-
dividend
determined
retirement
construction
the
of?
a
Post-war
issue
is
not
yet
cess
Adjust,
building
new
Other
new
"machinery and equipment; (2)
for the production of smaller
"'I
stock
the
and
purchase
of
refund
of
profits tax (CDf—
«»!«>.
iinort':'
for prior years
$214,137
163,781
163,781
$239,383
9,831
131,025
16.9
the
Common
dividends
——
6,427
issue
rat ancr
Sheet
_
31
oct
'
'
„
■'(7 The branch has
Maine
The
•; desire
at
.
operated
of
traffic
freight
Saratoga through ownership of
application Saratoga, seeks authoritj
(par $1.00).
;
;
as
by
train
a
of
part
service
is
making
the
Bostor
confined
three
thel
to
round
trips!
1
,
assigned
reason
to
component
a
Present
years.
dispose of
for
the
by
the
studies
&
that
is
As
ye^irs.
make
to
Boston
branch
many
Maine
of
in
it
in
branch
the
early ,as
has
the
1929
endeavor
an
support: of
been
Mainel
&
correct
to
its
operatec
Boston
what
a
((witness for that carrier describes as an. unsatisfactory and uneconom¬
ical condition. On the basis of the latest revenue study of carload
262,050 ^ traffic handled in 1942, a period which ic said to be typical of the
p average; business for seven years, the cost of operation was about
<
-
in
of
excess
the
entire
gross
f transportation of the branc'nline
^
U Boston & Maine.
derived
revenues
traffic
the
over
from
lines
system
the
of
the
In
view of this situation the latter
recently decidedl
ASSETS—Cash, $215,582; U. S. Treasury notes—tax series C—at
net sales for the fiscal year ended Oct. 31, 1945, were
cost and accrued interest, $574,554; accounts receivable (net), $214,064; p to sell the branch to the highest bidder who would be willing tof
$14,518,219, This compares with net sales in 1944 of $17,876,935./ - »
inventories, $594,885; refundable portion of excess profit? taxes, $56,- £ continue the service, believing that a reliable independent operator!
could realize a substantial profit therefrom
by practicing rigid econ-l
During the year the company entered orders with a net aggregate * 843; miscellaneous accounts and 'deposits,. $4)672; pr^erty. plant ^and
7;
omy,
using
light
locomotives,
and
exercising
close
value, after deduction for cancellations, of $12,448,094.
supervision
ofl
Unfinished
equipment (after reserves for depreciation Of $623,989), $436,997;
/.(operation.
Rather than abandon the branch the Boston & Maine|
business amounting to $6,210,782 was carried forward.
deferred charges, $16,425; total, $2,114,021.
•
lHwould
like
indicated
o
|%freight
14°UlThis ^mnares'^wUk f net^ n%f it
possible^utwe#contingencies,.,$11)0,00Q^ir«ommron',£tacli^J.$l
85«,5M.™romwhichvJs &&W / IpeSal'ciSa$66M31; earnedl
ior
for
aajubimenis.
adjustments.
post-war
pust-war
*...
..
Dividends
paid
i
-.wuV
the
on
amounted
$32,500,
to
iin.uzi.
-
..
while
j,,u„
stock
dividends
during
the
$150,000.
of
per
year
share.
were
w
continued
enable
that
it
in
to
otherwise
operation
receive
would
the
in
least
at
be
manner
above
a • portion
of the
lost.* The,;wiimessJ
entirely
that, In view of the Boston & Maine's inability to operate thel
at
a
profit, he will recommend the filing of an application!
permission to abandon it if the applications herein are denied.
I
The proposed purchase of
the branch is
to
be effected pursuant!
7
branch
"
NOTE—No renegotiation refund was required in respect of Profits
" for the fiscal year ended Oct. 31, 1944. It is believed that transactions p to a contract between Pinsly and the Boston & Maine, dated May 1,1
J; 1945, under the terms of which the latter agrees to sell all its right,!
title, and interest in the branch, including the location, real estate,!
rails, ties,
buildings, structures and fixtures, which constitute the!
.
fiscal
$1
or
it
to
as
V/for
,
.
preferred
"
have
to
so
revenues
states
J?ar ),;$131
a
of
'
been
the
stock
many
loss
a
capital
system for
( handling
g weekly.
,
,
of
12,243
1945
'
together with a branch line extending easterlyl
to Schuylerville, approximately 8.2 miles, all!
York, and (2) S. M. Pinsly, an individual, seeks|
New
$100,000
.7 $4,000
•
,
$284,283
•Includes State income tax of $500.
.
.
Junction
&f. authority to acquire control of
M' its capital stock. By a separate
2,479
,
181,729|
•260,362
authorized:
29
miles,
of
"
SVQ4£
Cr946
p.
Dec.
Schuyler
1,361
2,293
162,
on
the State
in
7,500
,000
68,000
$139,672
—1
v
nrofif
N—
710
,
from
527,500
784,200
7,832
1,638,076
551,919
purchase by the corporation of certain lines, of railroac
by the Boston & Maine RR. in the State of New York.
imately
$808,123
58,800
/VO Van
Cr8,790
>3:
Crl,258
2,472,703
166,171
•416,152
,
( 6,927
2,007
/VI
■
2,701,487
•451,201
2824.
The report of the. Commission states:.
; 7.
By joint application filed on June 20, 1945
(1) the Saratoga &|
Schuylerville RR. Corp. seeks authority to purchase a line of railroac
((owned by the Boston & Maine RR., extending northerly from Still),(water to Schuyler Junction and thence westerly to Saratoga, approx¬
ex-
deductions^
2,382,051
121,416
income—
'
$801,196
(
$955,929
692,000
®18,58E
The
77&
*212,500
•28,059
1942
$141,557
(2) Control by S. M. Pinsly of the Saratoga & Schuylerville RR.I
Corp. through ownership of its capital Stock.
.
;
I
(3) The Saratoga & Schuylerville RR. Corp. to issue $100,000 oil
capital stock (par $100), to be sold at par and the proceeds
thereof|
used to acquire the railroad
property, for organization expenses/ am
;.for
working
capital.
>
V,(v
" 7^.7;
.
511,703
$846,379
17,677
•20,267
railway-—..,
ICC
(1)
1942
9,503
The
owned
excess
y
0
(Preferred: dividends-*—
development of new and existing
products, and (5) addition to
working capital.
*
The annual report which also went to stockholders over the week-
•'
$352,922
*—-—-
and
•10,954
railway,
oper.
commenced
,
necessary
acquisition of an additional plant
motor frame sizes; (3) the purchase
of equipment now being used under a Navy facilities contract; (4) the
■
inc.
profits taxes
authorization
understood, exceed $2.15 per share
issues, above the amount required
present preferred would be utilized for (1)
of the
of
preferred
new
income
Gross
Normal
a
1943
$237,569
32,916
Saratoga & Schuylerville RR. Corp.—Purchase, etc.-
$1,312,899
$946,426
from
from
ry.
;v
31
571,786
$831,820
14,553
1944
$282,458
1—
•Deficit.—V.
1
1943
*
Jan.
Net
not
$1,518,211
RR.—Earnings-
1945
railway-*—
$188,697
railway*.—u* /•::■('/ 21,471
oper. income—
•21,388
Net
to
is
it
the
of
Gross
end,
year
$900,000,
1944
22,391
1,763,401
14,990,413
16,772,29-;
for provision for Federal and State income!
from
ry.
From
^
the
at
and,
approximately
$330,531
income
1,159,066
from
Net
the
has continued to enlarge its program of product research
development and with this added advantage,
the management
of the ability of company to maintain its position in
industry in the post-war years.
~
•
•
' ^
Other
■
per
Net
7
.
}
Gross
by
the
affect
120,4811
^
profits taxes for November.
,
to
the
by
charges
excess
San Antonio Uvalde & Gulf
INCOME ACCOUNT FOR YEARS ENDED OCT
plan
a
47,586
November—
' •'■/.
1
1945
shares
,000
income—
from
1945, and for period Jan. 1 tol
30, 1945, $8,492,581, as compared with $1,213,000 in month and|
$13,503,420 in period in 1944.—V. 162, p, 2824.
\-
confident
the
expiration of
vote
16,892,7781
Nov.
,
approximately $10,300.
One
of the
principal
of the franchise tax law was to place the
basis, and the multiple charges' to operations for
Oct. 31, 1945, on this account represents a charge
ended
current
which
a total
the redemption period. .This assures
the company's receipt of substantially all funds necessary to complete
the redemption of the preferred issue on Feb.; 1, 1946.
In
a
separate letter to holders of the common stock, they are
asked
310,1051
15,096,937
106,524
•After deducting $576,016
and
the
610,354
being
438,442
1,819,259
55,858
•Balance available for
442,175
V
16,598
1,206,652
10,397,680 108,795,802 111,328,746
6,862,763
79,753,936
75,46S>,91f
1,802,661
14,658,495
16,582,6731
of
■
,
revision
non-recurring
outstanding at the close of business on Dec, 18, 1945,
19,330 shares of common will be required for this conversion.
stockholders before
48,066
Income 4——-
Deduct,
operation
>
preceding year, due largely
operating difficulties encountered
production costs.
Income for the year
due
affected
of
$
'
1,158,586
oper
income
Total
Co.—Earnings-
from
'
Income—
ry,
various
the
the
to
.
$
expenses—
oper.
River
Dan
Company
is
common,;
shares
preferred
were
of
the
the effect of the charges was to increase franchise
approximately $71,300 and to reduce profits after
the
Working
and
one
of
Net
current
year
a
chvi-
convert
the
upon
have
necessary
,
President,
and
year
for
a
adversely
,
Based
will
of
'
convertible preferred
$5
its
stock
1945, to Feb. 1, 1946."
shares
retain
the
right .to
1,
such
stock, at the rate of
common
until- Jan.
that
are
1945—11 Mos.—1944
$
'
8,948,476
6,661,517
manu*
Inc.—Name
production
income
on
on
'of
Are Underwritten—Results for Fiscal Year Announced—
shares,
in
and
expense
by
taxes
Engineering Co.» Cleveland—To
£ Vote on New Preferred Stock—Plans Retirement of
4
Present Issue—Common Stock Not Issued in Conversion
(
also
supplies
will
company
licensees
to
2823.
declined
period
year
underwriters.—
the
operating revenues
Total
of the State of New York relating to corporate franchise taxes.
reason of this revision,
company was required to absorb charges
against income equivalent to the franchise tax on income for a three-
p.:'/'. ''/-7:'V;'
Electric
other
p.
Kidde
the
machines
company
and
162,
adversely
reasons
Reliance
one
By
is
preparing a registration statement
of common stock to be offered at $6 a share.
covering 300,000 shares
1945—Month—-1944
laws
Regal Shoe Co.—Stock to be Offered—
is
Kidde
Broderson,
decline
a
during
it
St. Louis-San Francisco By.—System Earns,-
Other
the
Theatres,
income
was
Company,
The
process,—V.
Net
3080.
p.
two
agreement,
the
distribute
Neil
162,
privileges.—V.
carriers—express
roving
or
operations may be combined in
treatment and the tensioning and curing
Rochester Button
127,316,526
other
yarn
Adopted for B. F. Keith
Corp. — $22,000,000 3% Debentures Placed Privately —
See Radio-Keith-Orpheum Corp.i/
340,920
15,551,410
and
and
RKO
/
1,030,616
5,802
13,314,969
transp.. :reV0
'•
12,517,192
13,654,569
104,018
:
107,688
.
textile
fixed
>
37,702,126 368,156,302
'
of
chemicals,. resins
the
these
products
terms
processes.
36,993,598
1,388,106
and
facture
22,177,033
expenses—<4/
''.'Express taxes
the
By
$
'
'
the
$
certain
;
1945—10 Mos.—1944
$
of
so that the resin
continuous operation.
unit,
en¬
.37,303,019 364,104,254 328,833,603
394,107 ; , 4,052,048
3,532,433
36,524,247
469,351
income
smd
revs,
"
" '!/'
t
treatment
,
Total
For
Subs.)—Earnings—
1945—Month—1944
/*
u,i
ChgS. for transportation
Other
(&
the
for
resins or such bonding agents as may be' desired, and
for the tensioning
and curing of the treated yarn
unit
roving.
or
,
J
unit
a
synthetic
second
a
11:
...
pany;.
...
...r
"
agreement with the
been deducted from
Navy
has
reserves
not
set
yet
been
for
up
signed,
this
The
that
Chairman Clarence L. Collens and President J. W.
company has been released from wartime controls;;
said, "the
prevented it
from
actively
promoting
the
electric
developments.
new
Energetic
sale
speed
of
its
large
indicator
and
items,
company's
Reliance
well
as
as
V-S
operations
entered
for
the
next
of
all
of
the
authorized
stock
the
of
corpora¬
other
stock
fiscal
However,
year.
nf
in
Anvil
p
free
of
are
of
tools
all
had
and
maintenance
Saratoga
intended
to
and
will
incorporated
was
not
in
in
use
encumbrances. ( Other
importance
minor
The
.
Maine
&
provisions
be
New
the
of
May
on
contract
herein.
summarized
York
17,
fori
1945,
the
purpose of acquiring and. operating the branch.
Pinsly thereupon!
(assigned the above-mentioned contract to the Saratoga and the latterl
p accepted
it.
The charter of the Saratoga confers power to issue!
'
capital stock in the amount of $252,000, consisting of 2,520 shares!
(par $100), but, the authority herein sought is. for an,issue of only!
$100,000, all of which is to be acquired by Pinsly, except, directors'!
In the event that tenders made by stockholders do not ag£requalifying shares. The proceeds from the sale of the stock are^ to bel
.
^
■
The P™gram of the corporation contemplates the retirement-of an
of ipr®f ^re
Poration is in
position to retire $3,o23,800 par yalue through the
acceptance of tenders
Only $152,b00 par value has been tendered to
October
date.
...h
iqis
Boston
veyed
of
the
of
.
volume
f; the
Secretary of
Shares
all
| thereto, but excluding certain timber, piling,
of
corporation, both 6%, series D,
and 5(/o,
series E, will from such date have a dividend rate of 4% per annum.
efforts
the
larvest
reclassification
preferred
the
on
Corp.—Reclassification
tion became effective,on Dec: 28, upon the filing with the
state
of
New' York of a certificate of reclassification.
are
now
being made on all ol
company's standard products.
"Reconversion presents problems of such magnitude,"
they added,
"that it is not possible to predict with
any degree of accuracy the
these
Electric
&
;;
the purpose.
-rfince V-J Day,"
Vorey
Gas
Rochester
with
equipment assigned!
and other material which!
making repairs to thel
37 lake trestle. In consideration thereof, Pinsly.agrees to pay the Boston!
Maine the sum, of $25,500 m cash.
The properties are to be con-|
•
has
amount
together
same,
while for the flStsaL year 1944 a net refund "to the Treasury
Department of about $124,220 would be required. "While a final
/necessary,
•
applied
the
In
,
$15,000
is
to
equipment
Bvron
?
,
V
«
S
Wat.qnn
Chairrrtan
f;0nl
f
Ton
«?j?kAAnn0^.
•
1
nnnnim/Wl
■q-
Any additional preferred stockholders who desire to tender shares
for retirement by;the corporation may do so. by sending certificates
"Pnrn
S-
pany nas sola privately 200,000 additional shares Of its
capital stock. The sale Of this stock was completed
prior to the end of 1945, and was arranged to net the
co^L!S.a ^hare' ?,r,a was considered advisable
total of ?i'47a'00«-.
he
capital
I
)h6«;
the
increase
directors
.n
order
±1-
Fredericksburg'
'
Gross
&
1945
'
„
from
Potomac
'
1944
•
railway**—
from railway
Net
Net
$2,443,092
989,797
$2,683,885
1,309,359
income—_
195,760
203,241
ry.
oper.
From Jan.
to
desire
tender,
letter
together with
Gross
from
'
.
/
.
Net
*-'■
from
railway*--^
10,560,248
Net ry. oper, Income—
—V. 162
-V. 162, n 2823.
p. 2R2-?
1,965,420
2^48,821
'
Distribution
bondholders
ordered
,
1942
approved by the SEC.—V. 162,
Rutland
p.
3118.
i-l"'
.
.
7\ CC
•
19,735,759
25,129,245
14,487,650
3,540,273
2,816^531
Gross
from
from
Net
ry.
From
\
The
has
company
11.070 shares of
filed
basis
r*
,K'vv
of
..entire
H
;
will
registration
Stock
common
The company, will, offer
,
(no
statement'with
one
share for each 10 shares owned at
proceeds estimated at $770,104, after
available for corporate purposes, The
^;it advisable ai;. this time to provide itself
meet
its
,
:
contemplated
with other
expansion
funds
SEC
$70
per
the erection
oi
$2,500,003.
a
According
of
^wholly
textile
,oy
yarns
the
N-
an
from
sale
is
or
to
rovings
be
resin
made
J-
by
new
River
machinery
Mills
in
will
their
follow
own
natural
Walter
'.
The
Dan
various
originated
.
closely
machine
and
Kidde
:
or
&
Co.
for
to
the
the
the branch,!
organization!
purchase ofl
branch.
of
27
of
Co. ; 1st
Ry.
&
N
1st
Cons.
4s,
1949
$80.00
1st
1943————*———*
"
Ry. Co.
1st 6s,
87,02
51.32
1934—
—
#:;/
.7
9,345
32,701
64,542
4,718,964
4,328,833
—
Ry. A-B 1st 4s, 1933—
The S & R RR. Co. 1st 5s, 1931
' The SB RR. Co. 1st (Sou. Div.) 5s, 1941
SAL Ry. 1st 4s, 1950
78,904
*71,415
100.00
5s,
89.83
,
SAL
$367,318.
55,596
80.41
-
-78.84
—
3,945,786
1—
203,802
373,069
income—.
oper.
p.
(•134,556
p.;';/ 80,384
by
this
Belleville,
1'
the design worked out by
shops in Danville, Va.,' It
'
551,128
337,638
railway
2824.
SAL
Ref.
SAL
751,258 .1
.
Ry.
Co.
Ry.
CO. 3-yr.
SAL
561,324 '
G
•PvC"
;
.
4s,
1959
64.19
1
86,07'
—:
•
Harbor
Water
Power
^(fiOn—
There
of
first
( and
The
•
Corp.-—Partial
Redemp-
,
to
have :been
mortgage
interest,
^
called for redemption on Feb. 2, next,
$123,000
sinking fund 4Va % gold bonds, due 1979, at 103
will be made at the New York Trust Co.,
Payment
.
trustee,
"
&
A
1st
Term.
&
Cons, :6s,
5%. See.
Co.
1st
53,
1945
Notes, 1931
' 46.56
1
100" Broadway, New York, N.
Y.—V. 162,
r.''r(t;i'.".■ -J'' 'ivA-..
p.
140,
Mexico Ry*
1944
1943
„9r?s® from railway-——.
$1,209,515
.445,857
$1,589,883
$1,449,976
700,562
737,463
:iNet ry. oper. income—
141,834
119,187
•561,824
From Jan. 1—
■"
—
;,:'c
■.
.
7
1942
$1,121,738
615,376
390 459
17,671,746
15,133,028
6,853,862
8,306,075
8,005,534
2,002,578
1,749,300
1,726,907
11,094,373
5,285,278
3,167,689
is
"■i..
■t"
the
3-year 5&
thereon
hoped
1,
that
1946,
or
committee
new
recommended
Net
from
from
Net ry.
FOR
Net
'
railway
a
Jew
will
that
NOVEMBER
1545
be ready
for
thereafter.- •
weeks
'
AND
YEAR
oper.
the
'1944
dis-
cash
the
plan
the
plan.
distribution
TO
by
DATE
1943
1942
$9,740,201 $11,432,047 $11,324,845 $10,784,596
4,126,215
5,063,173
3,884,376
1,412,634
1,805,110
2,444,630
2,955,484|
income
Jan.
from
from
based
is
railway—2,402,661
(777"'
/'' -.
railway— 120,101,662 129,408,643
36,965,168
48,923,952
ry. oper. income-—
17,362,385
20,654,113
162, p. 2824.
7
'
Gross
; Net
securities
within
November—
Gross
63.09
secured notes
principal amount of notes, 'without regard
resulting from the proceeds of certain collateral.
EARNINGS
—V.
2824
for
,
original
reorganization
From
16,208,721
above
•
1948—*v——■ 44.10
tribution be made to holders of old securities subject to
( simultaneously with the distribution of new securities under
'
"
' Gross from railway-*-1*
Net from railway-—
Net ry. oper. income•Deficit.—V. 162, p.
1945
>;■>
Net from iai)way_—
(7 The
It
—Earnings—•
$1,000
credits
March
>'S
&
amount stated
eadh
57,28
45.84
*
^;P;7, T & GC RR. Co. 1st 5s, 19d3—_—
November—
.synthetic, fibers
developed
$426,201
4,681,190
railway
St. Louis Brownsville
made/on Jan. 2, textile machinery
specifically for' the treatment of
of
process
manufactured
$440,372
41,833
GC
on
of y
Cotton Mills—Contract—
fabricated
improvements
Cons. 5s,
1934—
G & A Ry. 1st Cons.
5s, 1945
1942
Jan.;.l-^->;':>
162,
Safe
'
announcement
design,
synthetic
company
'
to.
uiew
,
v-; 1943':
•
The
'
Riverside & Dan River
^
ry.
—V.
"
or
'
•31,974
.
income—
oper.
1944
1945
$368,681
-v
railway
new
'•
.
;
RR.
FWS
expenses,
corporation considered
with funds with which to
The" proceeds
program.
share.
V"--
( (
Net
for
the
on
borrowings, Jt: is expected,-will be used in
building, addition to present building, and other
improvements. The building and addition program is estimated to cost
•
'
the
stockholders
deducting
.
railway
from
Net. from
<
common
purchase of
$4,500 for
reserved
'
par).
the;stock to its
net
be
G:ross
Ga.—Registers With SEC-
a
be
who
Dec.
FC & P RR. Co.
7'
RR.—Earnings-
November—:
Net
Rich's Inc., Atlanta,
the
capital,
to
•
.
259,557
33,832,124
-
certain
is
..
RR.—Earnings
1943
258,714
18,157,669
,
for
to
working
,
3199!
p.
$3,031,505 % $2,709,993
1,542,865
1,631,406
'34,641,275
$25,500
$9,300,000
;
by
materially
1—
railway—30,380.131
and
of
for
remainder
Seaboard Air Line Ry.—Court Orders Distribution of
on Old Bonds-
of
'
•
the
about $9,300,000 in accumulated interest to
"old"
- were
recognized in the reorganization plan,
was
by Judge W. Calvin Chestnut in the U. S. District
The judge said he did not wish the sum to be
dividends, at the rate of 6%. per annum in the case of the series D p Court at Baltimore.
"(considered (a 7"windfall^ because it * was interest which the road haa
preferred stock and 5% per annum in the case of the series E pre-;
& earned and to which the bondholders were entitled.
■
ferred stock, to Dec. 28, 1945, and thereafter at the rate of i7o
per
The judge also ordered the
assignment of $250,000 as additional
annum to Jan.
12, 1946,
compensation for the receivers, counsel and the chief finance officer
Certificates tendered must be actually received by Lincoln Rochester
of the reorganized railroad,
Trust Co. by the close of business on Jan. 12, 1946. ''
;
:
The amounts to be distributed
per $1,000 bond on each issue of
The corporation's proposal to reclassify its preferred stock has been
i,/ bonds called for deposit under the plan would be as follows:
.
Richmond
November—,
they
agent for the corP°ration. 183 Main st- East- Rochester 3, New York.
j
-
to, take care of the
increased business of the company."—V.
161,
shares; which
transmittal, properly filled out,, to Lincoln Rochester Trust Co., transfer
u
in
in
the
for
amount
be. used
arid
expenses,
railway——
.
:-
125,476,185
98,642,4661
56,116,945
39,245,6341
27,316,3521
30,935,319
112
THE COMMERCIAL & FINANCIAL CHRONICLE
.
Seattle Gas Co.—Bids for Purchase of Bonds—
State
Solventol
,
Chemical
,
Inc.
Personnel—/
Willard
Dr.
Rowan
v
B.'
Howes
has
named
been
unissued stock
a
■-
•
156,
The
cised
net
is
revenue
Operating
58,200
Deprec. & amortization-,
for
Provision
1945—12 Mos.—1944
$8;102,631
$7,960,218
425,922
4,726,991
t®,9o7
59,767l:
.699,967 "•«-605,783
93,108
1,693,003
1,783,516.
410,827
expenses.—
112,211
taxes__
>
■
the
value
net
asset
Stock
but
$46,504
other
&
54,959
deduc.
that
will
!
$49,916
14,286
' $468,000
—
$12,139
income
Net
$35,630
$453,714
$12,139
pfd.-stock
on
...
like
shares.
To
-1
Balance
167,
—
-
.
2824.
p.
'
*
„
owned
K
$369,498 ;
value
Uarco
net
no
asset
is
value
the
time
effect
in
executed
times
at
warrants
when
the
warrants
warrants
so
the
market
the
and
Lines—Special Offering'
Hemphill, Noyes & Co. made a special offering on the
New York Stock Exchange Dec. 31 of 13,000 shares of
common stock at $35% per share with a special commis¬
sion of 50 cents a share. The offering was withdrawn Jan.,4;
2.—V. "162, p. 2991.
•
>
\
Southeastern
Greyhound
v-i
Securities owned
Output—
-
shown
as
v/orth, based
on
■?[
The
present
'
Southern
period
Gross
1945—Month—1944
End. Nov. 30—
exps.
272,954
for
£
19,509
44 274,571.
•259,633,
$150,660
$992,940
—*.
1
Divs.
dividend
pursuant
to
the net
the price will
$43,894
The
$61^,219
$580,644 '
$116,302
asset
of
85.35
made
value
of
Dec,
15,
business
Dec.
on
1945
'
proceeds to be raised by the sale of stock
from day to. day following the fluctu-
at
as
Nov.
15,
railway/ilk- -$32,130,243 $40,127,309 $40,859,755 $35,298,496
from railway——
*2,200,980
10,578,018
14.184,452 : 14,797,501
ry. oper. income
192,329
2,112,632
3,479,495
7,656,168
Gross
Net
Net
from
the
shares
1945,
of
after
From Jan. 1—
Net
from
Net
ry.
ry.
railway— 441,667,990 453,527,140 425,057,087 331,362,497 ;,
from
Gross
Net
A'r"'/
■
from
such
income—
•Deficit.
Gross
Net
the
corporation
the
the
J.
-Sougftt^,
*+■<**. v
of
as
in
Simpson,
to
ficient
162,
the
of
sum
$9,696,
at
prices
to
be-named
by
will
November—
-'
1945
•
Net
ry.
From
1942
from
Gross
1—
Net
from
ry.
' s
;
railway-
229,558,872 240,162,035 223,360,944 185,191,022
...
44;
railway—
Income.
oper.
96,375,902
104,679,860
30,080,914
33,402,209
38,575,518
Week End, Dec 2J
?
4.1945
earnings
V. 162. p.
is
81,020,768
26,533,259
Period-
Gross
83,358,773
—
$5,200,200
Jan
1944
.
1 to Dec
1945
'
and
has- authorized
1.
Gas
4;
\
Zink
Gross
from
Net ry.
oper.
From
Gross
Jan.
from
-Net-
from
Net
ry.
—V,
162,
p.
1943"
1
1942
v.
;
85,746
23,315
$141,019"
.
19,418
18,741
.
1,890.039
1,933,907
V,
635,778
income—
/
-
747,711
220,194
268,461
Net
379,957
.......
.
,■
■
Gross
of
founder
certain
Co.
of
bf
the
by Court to
The
calling of the notes and debentures bv the corapanv is to
iqlider the supervision of the Securities and Exchange Commission.
'
Under
call
the
and
the
order
the
plan
is
remanded
to
the
Commission
after
buy
Strathmore
Westfield,
Inc.—Common
Stock
Vesper
Mr.
California
President
as
Follis
research
its
the
present
to
stated
and
that
the
parent
$2,000,000
extensive
that
its
The
mill
will
laboratory
companv
intended
to
I
.
,
its
office
b"
in
New
New
York
York
State
City
by
savings in Federal transfer
„
best
reorganization
has
the
U.
the
State
,
of
Delaware
efforts
to
open
New
also
York
company-
office
an
in
directing it to change its
cease
to be
a
holding
filed
been
been
•
by
the
company
withdrawn? slThe
recommended
and
only
Trinity
plan
now
feasible
fair' and
as
S.
Realty Stockholders Committee and the SEC
Joint plan based on the Shearton Corp. proposal as
162, p. 3240.
'
31,
on
1945,
Jan.43
under
announced the appointment of A.
succeeding Alfred T. Duffield who
the privileges of
the corporation's
.
Is
T.
re¬
pen¬
,
succeeded
as
Second Assistant Secretary bv Elmer
1938, has been in the office of the Secretary:
corporation also on Dec. 31 announced the retirement of KenHalstead, General Solicitor, under the privileges of the corpo¬
Jan.
1944'
'1943
2,081,495
;
5,664,294
966,897-K 1,251,636
:
5,180,605
1,679,508
M.C
Net
rv.
.
new
registration statement with the SEC for 300,000
The underwriters '
the public will be filed by amendment.
5%. convertible preferred may be retired at an" time
notice
sider
will
have
declared
a
5'/c
stock
stock, no par value, payable Jan, 21. 1946 or
be practicable, to holders of record Dec.
28.
■
was
be
of 50
one
issued
The
in
in
cents
lieu
30
on
expended in the expansion of
facilities.—V. 162, p. 2686.
•
' T
....
par)
by
Nebeker-Burton
commission "of
of
4ft
the
Salt
Co..
at
offering
Lake
City,
price.—V. 162,
1944
1943
1942
1,345,239
1,208.653
1,28^,022
1,296,703
280.422
2"6.885
^-4'T24,734 r+'r'-127,826
155,571
213,130 "
285.761
(nAnmo
income—
2863.
p.
Oil Co,
above,—-V. 159, p,
2680.
Works—Registers With SEC—
Wacker-Wabash Corp.—Pays 1% Interest—Earnings—
corporation on Jan; 1, 1946 paid
The
age
of
cash
fractional
on
June
15,
dividend
as
soon
1945.
1944.
on
the
thereafter
The
on
the 5%
mnrt-
FOR
THE
SIX
MONTHS
'
ENDED OCT.
31,
'L
;
■■
1945
/.-
■■..4::
operating income-^;—r; $326,220
operating expenses__.
211,081
extraordinary expenses—..-.--;—15,266
Total
Total
interest—^-/,
Net
common
as
Interest
*"■
RESULTS
Total
income
*
from
Total
income
Net
Income
9,591
$90,282
;
prior periods
4.022
may
last
payment
Scrip-certificates will
1945.
1 ft
income bonds for the six months period ended Oct. 31. 1945.
This
with l'Afe paid on July 1, last, and % of 1% on Jan. 1,
compares
Payment
before depreciation and
principal of first
on
mortgage payments-
$94,304
mortgage-.——;
14,461
shares.
usual
quarterly dividend of 90 cents per share on the $3.60 oreferred stock, no par value, has also been
declared, payable Feb. 15 to
holders of record Jan, 31.—V.
162, p. 3121,
,'t
be
($1
estimated
is
1
Freedom
Total
G.
a
offered
Victor Chemical
at
acquisitions desirable in order to increase the supplv of
yarns,
fabrics, materials necessarv for the expansion and integration
of the company's business.—V. 162,
p. 3239,
;
K
•
emphasize
shares
price
/^ Company lias' registered 40.000 shares' of cumulative preferred stock
(par $100) with the SEC.
The dividend rate.end public offering oriee
will be filed by amendment.
F. Eberstadt & Co. heads the under¬
writing group.
1
' 1
'
{
The company states that $2,500,000 of the net nro<"»eds will b<» Used
to construct a new electric furnace plant near the Florida phosphate
rock deposits; $1,000,000 for additional processing faciliHes and the
remainder will be added to working capital.—V. 162, p. 2992.4/'
be
directors
89.900
to
such
The
SEC
offering
Valvoline Oil Co.—Merger Announced—
■
railway—
a
be
railway
oper.
162,
See
5,727,169
: 3,507,839
from
convertible preferred stock (par $25).
City—Registers with SEC.
the
1945
Jan.
from
$10,544,574
l—
price
will
receive
Net.
.1942'."
$8,768,732 $11,458,874 $11,482,013
with
proposed( public
share.
stock
will
registered
/ Gross from railway-^—
.
income"
"Net
and
—v.
.
162,
before
depreciation
available
sinking fund payments on 5ft.
for
interest
mtge. income bonds
$79,843
p...29O;:/:-;/k4-
•
/•>/./"/■
.1,
:./'.,.
V
t..
Dec.
From
In
funds.—
$26 a share, plus accrued dividends.
The new pre¬
convertible, until 10 days prior to the redemption date,
if called for redemption, into common
stock, share for shnre.
It
is anticipated that the
proceeds from the sale of the preferred
will be applied to the purchase
of properties and of controlling or
minority stock holdings in other companies.
The directors may con¬
ferred
research
Corp.,
had elected
Howard
Ralph A. Halloran, retired.
succeed
that
company/announces
assessed
an
material
bv
use
November-
-J-'
Research
to
majority
a
h
Utah Ry.—Earnings—
Offered—
Thatcher Mfg. Co.—To Pay 5% Stock Dividend—
Follis, President of the
change
*
3240.
RR.—Earnings—
1945
;
income—^:
oper.
offering
days'
Standard Oil Co. of California-—Pres. of
Unit—
G.
to
amendment
approval of
*
Nd .Yi vhas
per
p.
■
:
shares of 5%
the
If no call is issued by the
company within 30 days of the date of
the order—Dec. 29, 1945—or the date is further
extended by the Com¬
mission, the SEC may apply to the court for reinstatement of
its
petition for an order to enforce the amended plan
approved by the
Commission in November, 1944. or such other relief
as
the Commis¬
sion may deem
advisable.—V, 162, p. 3200.
R.
an
June.
which
company has
stock.
The
who
157,
railway—- 110,689,812 123,119,310 121,146,705 ' 91,184.693
40,695,885: 54,452,629
61,461,618
43,871,795
ry. oper. income—
13,404,747
11,892,072
23,079,731 / 22,206,973
—V. 162, ,p. 2862,
and
...
subsidiary,
of
of
$10.54
subsidiaries,,
Textron, Inc.—Files Preferred Stock—
may hold hearings and receive evidence to
determine whether any modification should be made in the
provisions
of the plan in respect to the treatment of the
various classes of stock
of the company.
''44'
•
.
fee
open
assessed
taxes
Assistant Secretary
as
The
Mass.—V.
help finance acquisition of a spinning
additional equipment and increase working
Company has filed
K
be
Commission
r
authorized"
and
,
of
means
■,•».,
would
caoilal
company,
Judge
'
United's
-
,
B.
The
Net
Paul Leahy, in ar opinion and order handed down in the
Federal District Court at Wilmington, Del., permits the
company to
.redeem its $58,601,000 outstanding notes and debentures in
cash.
/
to
are
railway—_
railway
from
Net
,Redeem $58,601,000 Securities—
4
ry.
3200. 44
4>"V"'
■
by
license
to
e.fect
Utah Funds Inc., Salt Lake
'
1486.
from
From
.......
and
Envelope
Mills,
from
Net
743,206
'
)SStandard Gas & Electric Co.—Authorized
to
as
next
corporation
The
neth
President of this company, effective
taken over by Horace A. Moses, Chair¬
Texas & New Orleans
Gross
1,502,053
■
V
169, p.
54,940
615,119
236,548
it
court
plan.
Oyston
-V.
117,732
1,813,860
made
of
1,214,700
par,
ration's pension plan.—V. 162, p. 3240.
as
official
an
Colony
Novtmber—
1— 4 >4/
rallway-;-
He
$194,425
.
the
proposal
Beh, who since February,
-
$208,681
22,761
:
railway—
oper.
1944-
39,003
income_J
Old
Forsyth, Ga.;
1945
$126,142
railway.
railway—.
Net ."from
.
'
-
also
is
the
Proceeds
Spokane International RR.
November—
resigned
Susquehanna
,
r
be
35
trustees'
on
sion
Hill, Thompson & Co., Inc., on Jan. 4 made a public of¬
fering of 13,000 additional shares of common stock (par
50 cents) at $22 per share.
quire from the bank a $990,000 note cf the West Texas Gas Co., a
subsidiary, and to make the contribution to Natural Gas.—V, 162, p./
2686.
that
the
The
2458.
p.
and to surrender $4,552,000 of 6% first mortgage bonds
and $286,000 of 6ft; debentures of Natural Gas Pipeline for
redemption.
Southwestern
will use the proceeds of the .redemption to retire the
$984,595 balance of a loan payable to the Guaranty Trust Co. to ac¬
has
management was
board of directors
the
including
Co.
Zink
The
of
man
the
$2,427,766 capital contribution to the Natural
Commission
reduce
a
franchise
joint plan
the
tired
company.
to
par
by establishing closer relations with its subsidiaries, counsel
exchange agents who are located in New York City.*—V. 162
Oyston
and General Manager of the Lake Erie Engineering
director of the Marine Trust Co, and Air Investors, Inc. of
City and other financial and manufacturing companies.—
John D.
•
Mr.
Pipeline
annual
Mr.
this
of
Strathmore Paper Co.—President
$6,814,308 $314,906,813 $336,494,398
Exchange
no
^
-
Securities
a
director
,
its author¬
V. 162, p. 3120.
21
1944
to make
The
a
,
reduce
18,261,551 and to change*
United States Steel Corp.—New Asst. Sec., etc.—
Director—
elected
been
to
well
as
the trustee,
is
a
York
New
Southwestern Development Co.—SEC Approves Plan-*—
v
has
from
changes will
with
1946,
amended.—V.
also-President
Jan.
company
Dillon
E.
Corp. and
;
3200.
Robert
to
Columbia
U. S. Realty & Improvement Co.—Plan Withdrawn—
.gll,:
p Sterling Engine Co.—New
■
shares
Building .Corp.1
1946
__
Jan.
Net
.
'
1943
1944
'
railway- i-i'i- $17,940,810 $21,785,751 $20,108,679 $19,600,736
5,315.805
8,866,632
9,294,012
railway9,487,754
2,132,883 v 2,718,616
3,240,809
oper. income 44/
5,761,143
from
from
of
'
2688.
p.
2,418,996
781,118
"i; 363,181
'988,573 % 1,062,391-
'/■
be made during three-month period commencing
days after date of the Commission's order.
United
2,410,856 shares of Columbia common.
It is to submit
York City by
and
;
3,931,491
1,714,065
stock
common
//
company
73,789
advertising schedule of the corporation's R. L. Watkins Co. division, is "more extensive than for any other time during
the past 15 years,"
according to D. Herbert Williams, Division VicePresident.
Publication advertising is handled through Thompson-Koch,
Inc., and radio through Dancer-Fitzgerald-Sample, Inc., both New York
advertising agencies.—V. 162, p. 2991.
.
Gross
"
exemption with respect
an
of
capitalization
113,493
8,666
shares
with the Commission's order of
Aug. 14, 1943,
to
one
class of common and
$255,097
2862..:
p.
corporation
200,000
Furthermore, the management stated it believes the corporation can
function more efficiently and can facilitate its
program of compliance/
1942
,
to Sell Columbia
be
K by
the
Registers
—
In
promoting four products, Dr. Lyon's Tooth Powder, Mulsified CocaOil Shampoo, Ayer's Pectoral, a cough
remedy, and Double Dan-
Southern Ry.— -Earnings—
Net
•'
1,982,203
"
'
$392,943
65,685
4,853,393
-
the
than
is
purpose
1,
/ before
derine,
York
'■;VK-K.-',:.i <K/';"'
reduced by approximately $10,000.
settling for $306,098 certain tax claims of the State of
against
United,
aggregating in excess of $3,500,000, the
of
312(1.
p.
nut
the
New
>■
.
connection
Sterling Drug, Inc/--To Promote Four Products-
3200.
p.
Inc.,
_or three
total of
The
Treasurer,
exhaust
bidders.—V.
162,
20,356
'
-
income—1
oper.
=■;.
;
1
I
!
J.
'
A--yr:(
••
4'/"
■■
.j-;..
% Vv
'-'l';/-'
' f'.v '
*
//•://"; .4/ ..//
.
t"
_
■)
f■
.1
•
•/
;;V
-^1
t
W,
}
4*+^'«-»v'n-*^ •***
\
if
-*•
I ?'■'
-(/"'///■''
N-''v>•t
t
-
.
separate; classes.
The
the
distribution
1943
.
1,635,814
705,422
#
granted
more
Pn>Posed
The
|
4
165 Broadway, New York, N. Y.," will
until noon on Feb. 28, 1946 receive bids for the sale to this company
bf San Francisco terminal first mortgage bonds to an amount suf¬
A.
ry,
1944'
$378,733
90,224
4.745,501
1—-
Funds,
certificate of incorporation which
requires
holders of each class of stock
voting as
of
gain
$22,000.
share—V. 162,
per
*14,254
railway
railway
* Deficit.—V.
•
,
"i^pebdelrs
'
from
Net'from
,
1945 /
36,502
income—
From Jan.
104,651,060 139,059,288 162,881,210 132,021,012
30,427,641
36,001,661
53.422,510 67,236,518
railway
oper.
has
authorized
The
ines—
Ry.—Earnings—
$273,304
railway——
oper.
time' the
principally by officers
preferred stock outstanding and
ha3
taxes to stockholders.
deducting
24, amounted to $54,48
November—
Gross from railway
Net
the present
to
from no par value to $1.
The
Commission
approved
the /reduction
preference stock from 5,000,000 shares to
t
1945, of 557.55 per
atKapproximately
estimated
Staten Island Rapid Transit
v
•
or
"• K1 :; ":i.
represented
1942
1943
'
;
months
Trusteed
not
a
New
1944'
'
1
■
the stock
Southern Pacific Co.—EarningsNovember—
Up
owned
the Commission on sales made.
The SEC also approved the
company's proposal to
common stock from
24,000.000 shares to
.
3120.
p.
equipment.
has.been
company
ized
$6,405,-
net
close
*
largest manufacturers of multiple copy
in typewriters,
tabulating machines
weekly reports to
Net Asset Value Dec. 31 $54.48—
'162,. p. 2824. /
re¬
use
Electric Corp.
30
holds
vary
issue
of
expenses
to
$33,973
„sa'e Js
Dec.
to
June
412,296
412,296
34,358
34,358
Balance
—V.
stock,
of
&
'j;
-
deduction of $5.65 per share, representing the capital
be paid Dec. 24, 1945) the net proceeds would be
before
be
will
retirement
Common—Reduction in Stock Approved—
sale
'
stock.
on-pfd.
additional
of
share (being the net asset value
a
the
to
excess
company
Gas
:
subscription
to stockholders, is made to
permit such stockholders
desire, to reinvest some "of the capital gains dividend. K.It is
share less
031,
income
Net
■
$1,024,515
.
$53.49
1943, should be sold at $51.90
$1,284,148
$170,169
27,065
$78,252
deducts..
offering
as
the
nine
The SEC
issued
so
this time
per
other
$1,267,511
$105,317
income
Gross
Int. •&
Massachusetts,
impossible to estimate
at
2,556,645 v;':2,432,849
132,193
may
1945
United Corp.—Gets SEC Permission
_
Gas
ations of prices of securities owned and
there.is no assurance, that all
the stock will be sold.
Assuming that all of the 123,411 shares now
offered, which were unissued on Dec. 10.
769,191
61,081
& amort.
63,308
taxes-iT-/ '.'/'/ 176,920
Depreciation
Provision
;
264,066
-
as
1945—12 Mos.—-1944
$7,785,475
$7,545,890
3,192,125
3,089,397
■;
$636,398
$609,612
revenue
Operating
warrants
Indiana Gas & Electric Co.—Earnings—
in
of
the
Union
1,234,113
property of the corporation consists of intangible personal property such as bank deposits, accounts receivable, stocks, bonds " and
other certificates of interest and indebtedness. Kit is
qualified as a
JDlectric output of this company for the week ended Dec. 26, 1945,%?.
totaled 2,285,000 kwh., as compared with 2,168,000 kwh. for the cor-:^
dealer in'securities
respbflding week last year, an increase of 5,4%-V. 162, p, 3200..
underwriter
$210,000 will be used
-
the
for
office
of
of
Shares—
66,017.850
The
<
principal
during
for post-war emergencies.
Provision for Federal
profits taxes for 1944 amounted to $960 000/
"1*
ended Sept; 30,
1945 net sales amounted to
$0,802,137 and net income to,
$312,943 ,ftften provision of $567,400 for
Federal income and excess
profits taxes./
..
For
$66,517,744
499,894
by balance sheet
pricing securities at. market quotations
Number of shares
outstanding in hands of public
Net asset value (net worth) per
/
-The
proceeds,
consist
income and
The
Total
Net
t
Southern Colorado Power Co.—Weekly
priced
receivable-
Less liabilities
the
for funds applied
financing the outstanding capital
of 299.475 commoncapital shares.
Net sales in 1944
to. $7,609,801 and net
income'amounted to $446*924 before
will
provision
#
follows:
as
stock;
Of
Register' Co.), has filed
covering the proposed sale of
SEC
registered 75,000 shares1 of common stock.
The
at market quotations_^.,__^>-_____ $63,412,565 '
principal* underwriters for- the public
offering is Lord, Abbott & Co.,
i'. 1,821,322
Inc., New York,
The company will use
proceeds, estimated at $766,698: }
_«i
i.
'
1,283,858 t for the purchase1 of securities*/—V. 162, p. 2521.
; '
■
Cash
Accounts-
is
30, 1945
common
types
stock
amounted
•
of Sept.
other
stock
properly accruing;
commonly called "net worth'*: is divided by the number of
outstanding to determine the net asset value per share, >.
as
of
company
^
SEC— /
Autographic
with' the
employees and their families.,
The company has no funded debt
after giving effect to the
proposed
'C
value
price make-up sheet
the
capital
result
A
United
statement
and
v
share is computed as follows:
per
162, p...3121.; A-/v."'.'::
.
:
only when combined with
rights to subscribe for full
4
(formerly
The company is one ot
business stationery forms
exercised
represent
above.-^-V,
of
all its
outstanding 6% cumulative preferred' stock and
approxi¬
mately $815,000 will be spent during the next two
years in connection
with an expansion program.
>,
•.
•"
•"
'
s
q
fractional shares will be issued and
to
as
Inc.
imburse
New
be
may
America
Kidder, Peabody & Co.
ai-e
no
of
Incorporated—Registers With
shares
56,161
,
warrants may be. exer¬
prices at the last closing of the
on
the
Corp.—Merger Meeting Feb. 6—
Corp.
registration
a
subscription
based
;4 444 44V*-1'44 4 '44.4/',
•
.
shares
'
Celanese
Uarco,
as
of the securities calculated at the
price of the
sale for the day or, in the case of no such sale, the closing
bid, are added cash and other assets; from this, figure are deducted
debts and dividends declared (after the record date
thereof), ah amount
estimated to cover State and Federal taxes and such other* accrued
liabilities as the directors may determine to be
;
—V..
shares
last quoted
$540,936
171,438
14.286
ten
be
fractional
other
_______
Dividends
which
•/. It should also be noted that
$1,186,963
646,026
/ $982,665
514,665
$104,875
34,365
income
Gross
at
Exchange before
The net asset value
Interest
each
for
Stock
times
$683,672
$627,741
-i.-—..
share
one
Exchange is open and subscriptions received during such
accepted only cn the basis of the net asset value to be
determined at the subsequent
closing.
;/444r
/;, //J; •'
1945—Month—1944 J1
Period End. Nov, 30—
asset
York
New
received;
Gross
of
so
York
Co.—Earnings—
South Carolina Power
ratio
to and including Jan. 24, 1946 to exercise
rights accruing to them in connection wtih this offering.
*
the
1334.
p.
the
Stockholders wilf .be given up
and James
Vice-President
Ewing as Secretary and a director.—-V.
in
date.
The purpose of this offering is to permit stockholders,
desire, to maintain their approximate relative invested position
by reinvesting some of the capital gain dividend paid on Dec. 24, "1945.
who
''Ik/4/1/
■+.
Tubize Rayon
See
,
,,
that
of
Changes, in
—
Monday, January; 7, 1946
Corp.—Shares Offered—
corporation offers to its stockholders of record on Dec. 15, 1945,
right to buy at net asset value 123,411 shares of its authorized but
the
•
Products,
Investment
The
for the purchase of $4,800,000 of first mortgage bonds, due
will be received' by the company at the office of Drinker Biddle
& Reath, 1429. Walnut St., Philadelphia 2. Pa., up to 11 a.m. (EST).
J&n. 14.
The coupcn rate is to be specified in the, successful bid.—
V. 162,'p. .3118.' '
i
,4
\//
Bids
1976,
.
Street
'
■'
'
*//),v
J.
•i I
Volume
163
Number 4453
THE COMMERCIAL & FINANCIAL CHRONICLE
'
W*/
.
RR.—Earnings— I
Wabash
Wilcox-Gay
Corp.
Debentures
—
Offered — Kobbe,
offered $300,000 20-year
'
November—•
Gross
Net
from
from
Net ry.
Net
from
ry.
—V.
$8,069,319
3,062,457
$7,998,037
3,323,413
734,301
,
;It
$7,535,091
5% convertible debentures at 100 and interest.
3,404,315
901,774
;
Gearhart & Co., Inc., on Dec. 31
1942
has been oversubscribed.
1,410,346
,
Dated
1—-
railway—
84,609,282
29,177,089
railways—
income.—
oper.
162,
1943
,
695,229
income
Jan.
from
Net
1944 :
051,3-11
railwayiHii^ ?,
oper.
Prom
Gross
1945
,
railwayi— /$G,847,253
87,084,789
2688.
p.
87,549,507
71,631,364
33,482,489
37,393,974
28,717,329
*8,267,600^ 10,778,172
8
8,221,818
and
8,799,971
HIS'rORY
June
.located at
Wagner Electric Corp.—Treasurer Retires—
The
V.
corporation has
W.
Bergenthal
announced
executive
as
thal, who will continue
to
the
retirement
officer
serve
Mr. Bergenthal is succeeded
elected
Secretary-Treasurer
held the position
of
of
the
U:;
31,
1945 of
Mr.
Bergen¬
Dec,
on
company.
1,
as
Treasurer
as
effective
Jan.
Secretary, having been
September, 1945.—V. 152,
Operation
The
plant
2255.
p.
;v
and
,\ •
of
cause
:
for
war
Depreciation
operating charges deferred
conditions———:
executive
Michi-,
in
offices
Federal
be-
886,783
Charlotte,''. Mich.;.; I - v. v-•.
on by the
re
-
others
i-tei?
Other
®
excess
profits
taxes———
and
other
Balance
—V.-
162,
'
oat
J
■
Cost
director and
a
—
V.
470,015
....
$855,098
within
grams
fell
to
radio
In
such
portion
the
1936
its
v
directed
was
toward
the
in
and
1939
The prospectus supersedes the
;
7-
■
4
21,
A.
Recordio
company
while
units
Radio-Phonograph
standard
a
of
means
combination
contained
'7
in
were
radio
the
to
not
are
unit
in
ia
<
possible
order.
to
mechanical
companies
arrange
However, they
position
in
always
are
it
reasons
is
exact
as
near
possible,.
as
and
The
always
alphabetical
alphabetical
X H 2x22
Disinfecting
'
i-
of
the
company.—V.
162,
p.
Paper
&
777
During
field
'
of
the
(&
as
Other
income
.
1945
,...
„
.
All
$9,886,897
211,858
680.045
>
.
combined
$9,738,881
—
for
Federal
_
deprec.,. deplet. and amortization—-
for
ment
and
income
J
excess
,
profits
taxes
Net. profit for period,—
Preferred stock dividends paid
4,083.355
4,100,000
pro¬
/
Civil
674,121
In
addition
on
common
759,532
—
encountered
sold
not
are
One
contract
such
on
$1.80
plant
with
rehabilitation,
improvements
and
expansion.
V
162
n.
2689.
employees'
such
on
for
a
such
-V.
7
pro-
1942
York is now
exchanging temporary
mortgage bonds, series A. 3# due
July 1
1975, for definitive
bonds, carrying the Jan. 1, 1946 interest coupon
accessories,
for
notes
accounts^
and
Net
-
'
1943
$4,646,686
ry.
From Jan.
';>777
.7777
income
oper.
902,169 7
accruals...
Federal
Aeronautics
income
equipment,
on
be
contract
a
of
771 127
55.228,087. .I:; 48,193 509
21,399,967
18.881.564
6,504,995
7,735,742
;
,
162, p. 2863.
f
ai; w wo
45,727,799
21,407,922
Common
stock
•
~
additional
with
the
of
7
of
Western Ry. of
November—
Gross
Net
Net
Alabama—Earnings—
Income
-
1
•
net
19,634,962
4,223,956
1,539,381
-
..
■
income
Power
lights
connection
with
&
Light
V
1945.-
•
,
1944
railway™... *$369,104
from railway,7-7l7 |7.; >
109,665
ry.
Gross
1— >•■'
Jan.
from
Net
ry.
162,
-7:
railway_>_^
railway—
2863.-
p.
7
•
production
of
of
its
stockholdei-s
proposed
definite
<7
'4,892,030
1.859,598
488,895
2,097,219
613,125
owed
'
•
.
Electric
"7 *
'■
y.-iy
Corp.—$61,000,000 for
spent
George H.
and
the
Bucher,
balance will
President,
be
said
Recon:;.'v
$61,000,000 during the last
plants, of which $8 000 000 has
spent during the next'12'months
on
Jan.
1.—V.
162
p
office
by
it;
amendments
'
3240
.November—
Net
Net
from
from
:
ry,
From
Gross
Net
Net
—V.
ry.
oper.
Jan.
$1,795,107
771.331
533,293
263,382
263,483 "
270,811
p.
income—
'
Bank
be
of
statement
Gross
1043
:<7;'
1942
>7
$2,006,219
'
,
,
.
the
holders
7
1944
Net
profit from
Other income
23,091,768
23,112,281
4,910,279
8,266,994
9.7"8JP9
8 799.P19
2,664,251
2,931,489
3,551,555
3,123,378
24,362,065
;
22,166,719
(William) Whitman Co., Inc.—Assets
AcquiredRefining Co." above.—V. 162,
p.
.
819.
A.
i
Net
from
ry,
—V.
650,000
V
Federal
income
expense.-.^,
income
taxes-
Federal
tax
Prov.
excess
later
date
226,613
1,026,281
railway——7; 29.685,374
32,861,149
33,722,580
31,975,705
railway.9,210,123
12,212,021
42,906,641
1—
income—_;v 3,428,079*
oper.
600
7-7
Detroit,
50
.
adjust.
Hess-Ives
Hess-Ives
85
Electro!
Corporation,
Corporation,
of
Maryland,
.
$5,000
Dec.
N. E. Corner
26:
be
15th
and
7;:-2)22
has
■
Net
profit
co
one-
100
land
300
such
100
a
on
,
of
•-
registered
preferred_L_,__^__.,i^^r!w7>>-:j*;; 835 lot
2,785
Spruce,
—V, 162, p. 2993.
>
...
v„,7
$220,498
$99,899
$350,607
$247,417
31,954
14,476
8,651
12,500
28,000
28,198
27,728
700
226,345
17,020
Percent
*1 $50 flat
1st 3s 1948
e
164,968
$5,000
Coal
&
Oil
34,000
STOCKS
:
(old)
.
.
'
'
■*"
'
($5 par)
Co., common
Per Share
or Per
~~~
($212
par)—>
'-
;
Mexican Northern Mining & Ry. Co., com.
National
Note
dated
W.
by
7,500
Corp.
($1
Bond
&
Rogers
l°t
lot
lot
lot
lot
($1 par)—-
and
shares
signed by
of Revair
Revair Corp.
Corp;
12,425
par)_:
—
Pioneer
16
232
•;*.
19
(
.
$240 lot
Share
Trading Corp., common A; 50 de Muir
Laboratories, Inc. ($1 par).—————.
Metals, Ltd.——
—.——'
Petroleum Co., common (new)
(25 cents par);
Pi-oducts
Northern
——
Arrowhead
Tuzapan
Corp.,
34,000
!°i
Co., preferred—
^
■'
f^O
International Co. ($100 par)—™— $1'0
March 10, 1943 payable 5 months after to ;■ " 7 '•
Secured
137,250
$73,787-
Lot
Drug
Champion
Revair
20,000
$67,587
Wednesday,
SI
Como Mines Co.;c (new)
($1 par)
—$1
Pioche Mines.
Consolidated, In'c. ($5 par)___——, '. $3
H. R. Mallinson Sz Co., Inc., common
^$4
Mayflower-Old Colony Copper Co. ($25 par); 50 North
•
Butte Mining Co. ,($2Va par)
$37
Western Real Estate Trustees ($100
$89
110
77
$30 lot
.
..
/ v'.". 26,918
•
$100)— —
(par
■
18,176
$39,945
preferred
10c
The Smack Corp., 7# preferred ($100 par)
25
$3 lot
■>>:'( 26
Security Building Corp., Lynn ($100 par)———-- ;S82
8
American Tissue Mills, preferred ($100 par)__——$98
7 1,000
Mexican Northern Mining & Ry. Co.; com. ($1
par)^ . 10c
14 } Loyal Protective Life Insurance Co. ($100 par)---— $250
Lewis Wharf Co. 7<$100 par)_——----2-----$29%
100
$338,431
7
—--^7''-$H lot
common
——.
28
with
7,926
198,251
7:
Guardian
$91,973
$11,903
—
;
lot
$1
,
,7.V'C"7'7:
'
Pioneer Petroleum Co.
no
made
erect
.
1,000
used
Detroit, Mich.
v——
Per Lot
or
BONDS'
1,500
outstanding
will
$39,809
,
';
'
,
3,262
8,000
Philadelphia,- on
i
Shares
4,213
:
7
Lofland,
Transacted by R. L. Day & Co., Boston, on
209,374
$45,542
25,634
■ar--,.
.
Inc.,
-
^
Petroleum
Shares,
common
Refining
Dividends
15,786,046
5,184,528 ? 12,135,155
—,—;—-;
540
1,202
—
r
STOCKS
7; J; 240
"
income
______
reneg.
4,433,534
Penn Jersey Ship Building Corp., 1st preferred_______
$40
Coreless Golf Ball Co., cumulative
preferred—$30
Coreless Golf Ball Co., common
•
be
m
1.497,869
Per Share
Shares
excess of $40,000.
will
.1942
$3,284,856
Auction Sales
profits
(net)
for
V
'.i V';.
47
Total
1943
1,030,925
against stock
\
Company
22,
for
3241.
$2,907,672
;;
'
'
amount
-
162, p. 2863.
5,733
oper.
—
organ¬
473,750
214,147
by Barnes &
Wednesday, Dec. 26:
'
company for
of their con-
reserved
are
issued
of
of
-'- 7:.'
RR.—Earnings-
1945
.
Thomas
;,7
its articles
to
in
pi'oxies'
$2,404,085
from
Net
168,588
.
of
.-7-:7'
Transacted
-.
Interest
2863.
See. National
7
853,586
227',288
income.—
.77;
1—
railwayrailway
oper.
162,
$2,070,125
324,104
railway
from
from
1244
$1,695,738
V
by
debenture
remaining
to
and
regarding alterations
p.
air-
2. ':
10 Mos. End.
Years Ended Dec. 31
7-'7777777'-77'
Oct. 31,'45
1944
1943
1942
Nefc sales -—• $2,305,400 $3,547,567 $2,694,458 $2,235,744
Coat of sales
2,095,799
3,242,006
2,154,514
1,850,277
Selling, gen. & admin.
U
Prov. for doubtful acqts.
1945
railway
the
debentures
expenses
Wheeling & Lake Erie Ry.-Earnings
Gross
reserved
shares
X
Securities
solicitation
3123.
p.
Yazoo & Mississippi Valley
' 350,000 shs.
77 $300,000 \ • x
building
of approximately 5,000
square
feet
immediately adjacent to Plant One,
The cost
-y.;/;77^7; The Manufacturers National
7
corporation
being
:
1,000,000
for additional working capital.
determination, but it may at a
.REGISTRAR—The
.
a;-.,*■
$300,000
a building Pr°8ram if adopted would not be in
867 ' 595
provided more than
year for reconversion and
expansion of
been
story
(b)
and
the
limited
certain
presently
primarily
icn-r;
■UJo.aoo
5,128,806
>500,000 shs.:
.
debentures;
Declara-
contracts
a
=
2,829,039
Electric' output -of 'this
corporation for the week ended Dec.
1945, totaled 12,299,000 kwh., as compared with
12,338,000 kwh.
the corresponding week last
year, a decrease of 0.3^.—V, 162,
larger
4%
5,593,229
.
;
given
permission
by
withdraw a declaration
such
15-year
216,656
«i
334,086
;
Westinghouse
$423,974
4,733,641
77 900,370
Version—
The
$464,889
174,216
118,329
33,9727:■ v •
v■ 7': 7
'■>7
incomes.
oper.
1942
-
35,087.
■;■
from
Net
—V.
lncome__
oper.
From
1943
$442,047
from
20,594,574
Co.—Withdraws
been
to
certain
162,
November—
producing
the
450,798
183,984
»
I__"
voting
profit
believes that the company should follow
sales program than has been heretofore
contemplated
program will require additional working capital.
The pro¬
ceeds of the debentures will be used as
follows and in the following
order:
(a)
$60,000 for the retirement of the
a
and
•'
Wisconsin Public Service
Corp.—Weekly Output—
Pf FURPOSE—Management
"
1944
$1,774,404
For
1945.
a
production
outstanding.'
out
7
•-
1945
""151,707
*407,561
■
railway.^
_-7_-7 77.
7^
railway_'™A_L7i_-„__77r—-7-1-1-'-
ization.—V.
nec-
still
-
upon the exercise by the
rights and 30,000 additional
purchase - warrants 'presently
$5,382,000
$1,735,565
company has
Exchange Commission
attendant
the
obtaining
war
for
version
$5,254,000
'•7.y;7 r;"7.7l7."
from
from
Wisconsin
anticipated sales
aoproximately $750,000.
is
-
are
1,492,000
638,000
Ry.—Earnings-
railway..
Civil
certain
company
debentures!
shares
500,000
■:'7,7.,7.-' 7'.'
'
The
•
Si7
products have consisted mainly of various7
including radio- ranges, facsimile
con;
par)^
.
2,635" 000
2,635,000
1,492,000
"""• .~T
1
,
issuance
™ wt
34.574,577
14,935,450
9,675,363
'
.
^
($1
214,000
164.000
lion—:,v>.
war
Administration
$403,01)0
178,000
,
Ke8Uiacion v^LOan
767 964
10,829,597
$285,000
taxes
which
reduced
war
$5,382,000
3241,"
Jan.
on
20-ryear 5V1> convertible
Regulation. V-Loan
,1,996,574
"*60.000
income—,
oper.
1,769 396
71942
--
$3,885,7817
6,000
■
;
$10).-...
par
railway operating
—V. 162, p, 2863,
development
and
now fully
completed,
POST-WAR BUSINESS—Since the termination of the war-the comPanY has been Preparing to again resume its production of Recordios.
*
1—
Gross-from railway..-w
Net from railway..^..
Net ry.
'
1,377,238
;
1,287,000
1,300,000
V.7, 24,000 >.'.7(27,000
5,000
5,000
7
p.
Net
_,
$4,961,522
,2,181,819
124,000
$5,254,000
'7/^77^,77 77;.":
and
_
.1,406,624
; 177,000
14,000 "5
:0. '.
rplus777477L77iH.;r:r777.:.7;\|.:i.-.;37"77B^7
from
50
$4,488,768
29,000
.
177.000
,
,
-77-
162,
Net
•
,
Net
*'1,230,000
29,000
taxes__~~
Gross from railway
Western Pacific RR.
1944
474,000
1,352,000
taxes
inc.
payable
November—
;
•
1945
590.000
124.000
Wisconsin Central
procedure
purposes.
tleld e«uipraent-
The Guaranty Trust- Co. ,of New
.
.,$1,304,000
700,000
647,000
in
expenses
result
a
With the termination of the
'w'ere terminated; although the
..first-
77:7-;,ipNovember—
\l
Gross from laihvay
Net from railway...^
$1,005,000
I
reserve-
(net)
'(f7amount. thereof, it is- expected that all of the war production con77 tracts, so-called, will be completed by Jan. 1, 1946, with the except<on of a certain contract in the total amount of $710,000 with the
Civil
-
>)
Aug. 31; '45
can
various types of.
•'trahsmitters^.ind^ideyelQlimettf.-.cOhtraQti: of:,7
specialized electronic equipment.
Western Light & Telephone
Co., Inc.—Definitive Bonds
$0.25
' 1^'
7.
notes
less
Gross from railway
1942, when the manufacture of7
$2,448,927
and'; recording Tunits was halted, by 7; Net from railway«•< 705,330
operations of the company have been,
Net ry. oper. income...
with
277,788
small
amount
of
record-disc
business
and
Fi'orn
vertex's,
to
the-above, there was a non-operating and no.nrecurring credit to surplus of $3,532,783 from the sale of
mature
timber'from the company's
landsduring the fiscal year ended Oct. 31,
1945.
This amount has'been
segregated and added to the funds for
as
will
Governmental agencies.
Its
radio
and
electric
devices
$1,624 055
$1.63
——_
tax
profits
on
surplus
Total
31, 1944 the company entered the
navigation, manufacturing this equipAdministration.
In
this
new
field the
extraordinary"
order, all
exception
of
the
Recordio
—
$1,467,951
stock
excess
Govt,
equipment
stock
Earned
self-
are
air
Aeronautics
Government
$2,783,587
—
J
share
per
all
22
$0.10
charges21Z1less amortization...
Z_ZZIZZZZZ-I'ZZI
Capital7.au
:
■'
BUSINESS—Since April 22,
civilian radio receiving sets
the
$2,142,072
»
* Balance
Earned
and
Dividends
Capital
Dec,
for
WAR
—
,
,
$10,566,942
4,296,809
3,300,0CO
of
from
and
Provision
to
standard
utilized
or
loss in the,operation of the company for the-last half
the 10 months ending Oct;,31, 19457:the company had
befqre Federal taxes (unaudited) of $19,908...
—
Total income
222
investments ■"LkJi:
essary parts and materials 1 for; resuming -the* production of its^.peace-7
t'mu: product^ the Recordio, will'also probably, result in showing a net,,
1944
,
164,000
i $486,000
,
'
;
refund
Patents,
programs.
a
types
unexpected termination
of, World War II with
difficulties of reconversion along with the problem of
„
$3,527,023
—
(net)—
'
Prov.
.
^
r
164.000
Radio-Phono¬
The
Subs.)— Earn-
583,000
$950,000
$500,000
deposits.
receivable,
due
Gross
aids
7 Aeronautics^ Administration,
'7 for the last half of 1945
2689.
Co.
notes
Ohio,
ended
year
electronic
engineering.
?
}
YearsEhde^l Oc;t. 31—
ofits from"operations
and
demand
Sundry
con¬
radio
radio
used
Recordio
fidelity of tone
equipment
Virginia Pulp
and
Refund
.
West
638,000
IIIZ
period.—
share..—
Treasury certificates and
Plant
$67,000
$664,000
of
Net railway
operating
by the company,
recording-7units 7; % "From Jan* 1—
•
developments are sold to othei; manufacturers.
embodying Wilcox-Gay
.'.'"55 •'
54,000
;i
Nov. 30, '45
hand
Officers'
32,000
17,000
'
cash
common
*
47.000
...
yearl——.
beginning of fiscal
end
$153/000
$26,000
on
Post-war
.tr
^7 was carried out at a very substantial loss because of unforeseen
;-, The company on Jan. 2 xegistered $1,500,000 sinking fund "debentures
difficulties in
the
manufacture and fabrication which
resulted
in
With the SEC, .Coffin & Burr head the underwriters. ~ The
price to the 77 unprofitable operations in the last half of 1944. : For these reasons
public will be filed, by amendment.
1
.the margin of-profit in 194.4 was less;than, the .previous) war years.
Company Will use part of the proceeds to pay off mortgages of
During the first half of 1945 the company had; a net profit • before
$49,587 on
its properties
and also pay
off all its bank
loans
of
Federal taxes
(unaudited)
of $52,175.7 Company
has
encountered
$800,009.
It is contemplated that outstanding notes of
$33,5% aFo 7; engineering difficulty
which has delayed the completion and shipwill
be paid off from the proceeds.
weeds.
Any balance will be added to
ment
of. certain
airfield:
<
general funds
(est.)
quarter
U, S.
does
of: Elyria,
Co.
'
Co.-r-Registers With SECr:
recorded but
company's products
company
company
West
the
'■£flit*:Industries
not
the
taxes
Inventories
not sell Recordio units of any type to other
radio manufacturers to be incorporated lii their radio receiving .sets}
however, under an exclusive license agreement granted to the General
■
■el'
NOTE—Far
for
surplus
Accounts
a
addition
record
such
be
One
portable 'unit.
a
such
as
will
also
can
recording.
in 7
made
and
course
not
and,
set
it
listening
are
of
when
combination
receiving
microphone,
persons
unit
being heard be
lost
is
'
.
21—I*
income
Cash
dif-
several
radio receiving set.A The microphone from these units
placed in front of the speaker of any radio set and the
gram
1945
one previously
Federal
surplus,
per
14,000
1
.
sold pnder
was
$139,000
S90.000
ASSETS—
recording unit which could be used In
receiving set.
icccivmg
sei,.
buiupnuy s
Company's newly ueveiopeu
uewiy
developed
market
$77,000
COMPARATIVE BALANCE SHEET
home
radio
mu.u
receiving set
graph
model was
be
77 Wellington rund, Inc.—New Prospectus— •'«' •
A new prospectus
op Wellington Fund revised as of Dec.
bf.en1,iJsu«d'
xb*t p.
for
Earned
by
of
1,218,009
13,000
.........
The
development
1944
$1,357,000
;
——
surplus
Dividends paid in
for the years 1932 through 1938 was
1938 the company began development and
the field of home recording,
The
primary
in
radio
:
,
.
operations..—
for
business.
1945
Total
export
t
1,170,000
_
income
Earned
transfer
preferred
i
and.expenses
from
per¬
that
extent
an
of
large
appointed
cumulative
income
Earned
of
receivers
A
names.
Net
receiv¬
separate
7
sold
income
Provision
.
,
use,—v.
profit
Total
into
period
a
of
radio
as
export.'
off
negligible
for
line
been
$4.25
Co.—Earnings-
Other deductions
year
a
a.
it
by
even
This
director
a
Secretary to succeed R. C. Kerfoot, resigned.
.
and
a
connection
The
records.
$840,899
White, Weld & Co., has been elected
appointed
1932,
has
of
$1,247,000
goods
models of two general types, namely, a
recording phonograph
a
recording radio-phonograph unit.
The Recordio Phono¬
Total
has no radio receiving set contained within it and may be ;;
'y LIABILITIES—
used only forf making records through the use of a
microphone and
Accounts payable
playing such records.
This model also plays standard phonograph-
Clark, resigned, and John V. Mahony has been elected
162, p. 3122..
......
.
Jones
York
■
graph
Webster Tobacco Co., Incv—New
Directors, etc.—
of
in
manu¬
merged
was
of New
250,000 shares
and
unit
tains
Wattles,
the
Net
company
low-cost
with
wi ou
recording
.
of
Other
ferent
5 926,101
$1,310,914
470,015
—_
Gurdon
only
Recordios manufactured by the
The
3122.
to succeed H; B.
decline
was first placed on the
trade name of "Recordio,"
the
9,
well
or
for
was.
product
*
886,801
$1,325,113
—
p.
to
.
this
trade
own
distribution
the
of
connection
.xonnecwvn
-
June
brand
others'
own
started
satisfactory
i $2,237 015
$2,237,015
<62 211914
$2,211,914
.
preferred stock
on
it
located
for
sales
Deferred
il'
_
deductions.—
Income ___A_
Divs.
7
__
when
such
constituted
in
work
672,000
$2,212,791$2^56,207 ?^
DrlHl
Drl9,192
'
1929
incorporation,
of
2 smalKv During the
experimental work
857,915
nee
until
general
Its
volume
sale
615,940
8 revenues
income
Net
of
it
1940
923,720
———2-'. 856,785
and
radios
company manufactured a
under their own
name
as
:
—ie
Gross income
Interest
date
sale
business
•
Income
of
years
under
centage
'
•>
sale
the
for
ers
43;813
wl
and
about six
972,323
•'
in
y Prom
vr«f
-
York
162, p. 3241.
Quarter Ended Nov. 30—
Net-
are
Manufacturing
Co.,
an
Ohio corporation.'. From
1929
to
the plant at Charlotte, Mich., was operated as-a manufacturing
division of Sterling Manufacturing Co.
In December 1931 Chester M.
Wilcox and Paul S. Gay,'as individuals, acquired
by bill of sale and
deed, all of the assets of the Wilcox Laboratories division of Sterling
Manufacturing Co.,-with the exception of cash and accounts receiv¬
able, and assumed certain obligations relative thereto,
8,267,058
1—_;A_—927,813
—
General taxes
I
New
Wilson
'"V".
:■',.
.
incorporated
was
principal
30
June
1931,
,.1,V
\
•
\
8,735,140
—-
Provision
l
in
Sterling
by J. D. Eby, who had been
1, 1946. ■> Mr, Eby already
elected r,o that position in
Maintenance
■
\'A'
/
BUSINESS—Corporation
1932.
Interest payable
1965.'
corporation's manufacturing facilities were
Charlotte, Mich.
Wilcox Laboratories continued
facture
12 Months Ended Nov. 30—" v V/M'/'V XY y'^< Y-" 1945
•
i' 1944 hfi
Operating revenues_.™_.;___—__7—$14,278,975 $14,067,886
■
.:,7
That
1919.
1926
Washington Gas Light Co. (& Subs.)—Earnings—
*:
AND
31,
due Dec.
'
'
Guaranty Trust Co.
agent
stock.—V.
.
; V.■''
:vcorporation might be regarded
as
a
continuation
of
a
business
originally established in 1919 by
Chester M. Wilcox, President.
The original business, under the name of
Wilcox Laboratories, Inc., was organized as a Michigan corporation Jan..'
adiiector, has been with the company for 41 years since Nov, 1, 1904, when he took his first position
with Wagner as Assistant Sales
Manager.
In 1913 he was appointed
Purchasing Agent, in January, 1922 he was elected a director, and in
August, 1922 he was elected Treasurer.
'
•
'V •*"
;•
'
9,
gan
*
;
3i; 1945;
31.
The
);"■ The business now cax-ried
,
•
Dec.
Dec.
Wilson & Co., Inc.—Transfer
Agent—
'
The issue
V '■/
*'i
.1.
,
113
■
Corp.-
Inc.,
($1
par);
($1
Corp., common
common;
Yarg
200
Producing
&
$250 lot
Blumberg & Co., Inc.Jewett City Textile Novelty Co. ($50 par) ; 10 National
Electric Power Co., 6% preferred ($100 par)——_
—
lot
($1 par);
Vaportron
par)
160
$11 lot
———
$10 lot
$25 lot)
THE COMMERCIAL & FINANCIAL CHRONICLE
14
arket Value of Slocks
Motel Sales in
New York
on
Horwath
Slock Exchange
Higher in November
The New York Stock Exchange announced on Dec.
6 that as of
value
market
total
also said:
Exchange
lember total net borrowings amounted to $963,175,307 of which
540,897,826 represented loans which were not collateralized by U. S.
.,
'iv
V
j
•'
m
following table listed stocks are classified by
In the
!
leading in-
each:
or
Nov. 30, 1945
Group—
■«
musement
>
1,131,847,315
42.90
48.50
942,807,366
598,985,270
41.02
uilding—,
Equipment*—_
8,134,576,686
Machinery.^—
toancial
2,221,909,434
68.21
:
52.96
4,734,107,584
39.56
11.97
80,613,160
51,293,002
39.42
332,752,227
ntr & Realty
39.14
324,067,615
2,690,973,472
■
.
ather
—.
chinery & Metals
—.
2,808,622,469
ning (excluding iron)-V 2,237,337,899
aper & Publishing—
977,888,050
etmleum
—7,958,080,566
37.05
35.08/
40.31
ailroad—
54,86
44.48
—
—>——6,005,701,509
ritaii Merchandising.——u__.
4,490,459,111
bber
:
830,669,117
I
hip Building & Operating——
hipping Services-!—r.—
teel, Iron & Coke—extiles
174,457,435
34,457,474
3,178,842,703
nbacco—
61.19
1,755,313,745
—
—
-
28.51
19,98
61.13
51,67
-
960,564,338
.
,
75.39
-
tilities.'"
& Electric
Gas
&
(Operating)—
Electric (Holding)—.
Communications
.
Miscellaneous Utilities.
Cos.
3,198,467,020
1,988,368,616
4,830,091,969
178,452,579
-
——
Operating Abroad——
ign Companies
19%; Washington had one of 18%, and Philadelphia, one of 11%.
Two cities, Chicago and Detroit, again showed declines in restaurant
volume. As has been the case throughout 1945, the increases in bev¬
erage volume have not kept pace with those in food sales. This is
especially noticeable "in the average, increases for the year to date*
food sales being up 8% against only 2% for beverage sales."* t %
;
The following table was contained in tfte report:
.
^
^
Z
lacellaneous Businesses
Sales, Increase
429,167,242
41.92
Pacific
25.81
Texas
72,729,703,313
—
46.13
"■
1943—
"•-■!
$
30__
45,101,778,943
ec.
31—
47,607,294,582
31.96
Dec.
107.04
4
+
+
+
1944—-
48.396,650,695
32.47
Jan.
+
+19
+9
'
+4
9
*
+3
—4,
—5
+19
8
*+10
+20.
"+ '
Deer.
3%
97% V 95%
93
91
94 - - 90
95
94
96 ~
94
93
92
98
94
.
8
+
■
6
—5
*
4%
1
+'
—
+13
+5
+
4
,
+
—-
.+
1.
+
5
+
2
MONTHLY
September, 1945.
+
8%
August
+•
TOTALS
+
May
—i.!!!.^;:+
7
+.• 7
■■■ ■'
'
9%
+
+
10%
'
'+10
!?+■
89
82
,
3
44.23
$
37.20
37.84
+
Ti /•■
+ 12
5
90
-Hr'; 4: iZ''/'
89
88
:
^
:;
2
;■/!+
-
3
Z; +
6
+
+
3+3
+
_
3
,
+•
_
7
88
4
and restaurant1 only. l tThe term <!jates:'/.»'L»erever. aised
daily rent per occupied room and not to scheduled rates.
2
to
refers
''Rooms
r.
average
;
!
the
New York Slock Exch.
on
Exchange announced on Dec: 11 that as of
the close of business Nov. 30, there were 996 bond issues, aggregat¬
ing $125,054,939,986 per value listed on the New York Stock Exchange
with a total market value of $129,156,430,709.
This compares with
the figures as of Oct. 31 of 1,000 bond issues, aggregating $124,802,424,690 par value; total market value $128,741,461,162.
,
'
v
In the following table listed bonds are classified by governmental
Feb.
28—
u.
59,680,085,110
39.84
33.12
Mar.
31—.
57,383,487,905
38.15
Apr.
"ay
29—
48,670,491,772
32.59
Apr.
30
61,496,723,658
40.68
31—,
50,964,039.424
34.14
May
31-_
62,430,603,026
40.64
June 30—
53,067,698,691
35.55
June
30——.
40.68
and industrial groups With the aggregate market
"uly
62,£36,685,716
52,488,254,469
53,077,487,308
52,929,771,152
35.07
July 31
Aug. 31—
Sept. 29—
61,242,460,874
39.65
price fdr each„
64,315,140,586
67,065,130,865
43.17
53,086,843,093
35.84
Oct.
31
69,560,968,600
44.23
53,591,644,063
36.14
Nov.
30
72,729,703,313
46.13
■>
Dec.
on
k
Group—
8.
Shares
None
51,600
51,321
418
518
180,978
177,958
.32,232
33,132
None
Jewel
Tea Co.,
Johnson
&
^Preferred
conv.
preferred
common—_I
Inc.,
1—1
common.
Rustless Iron
and
Steel
Corp.,
...
Miscellaneous
(1)
(2)
Gas and electric
(2)
1,401
1,375
184
(3)
15,199
31,817
,29,469
37
Miscellaneous
Total
::
2,762
U.
8.
.'/V
'
(4)
I ~
son
abroad—
Plan.*
Acquired 501 shares—Less Stock Dividend payable Dec, 22,-1945, 15 516 shares
Acquired 303 shares 5Va%
preferred—Disposed of 715 shares.
.
on
Exchange made available on Dec. 15 the
following list of issuers of fully listed securities which have reported
changes in their holdings of reacquired stock:
Shares
Previously
Reported
Company and Class of Stock—t-
Food
Products
Corporation
Process
Corp., ..common—
(TheV,
Company,
IZI.I..III
I_~I~ HI
commonIIIIIIIH"II~~
common...
common
Mew York Merchandise Co., Inc.,
IIII
II"~Z~ ~J~"
;
4ug.
31—
,
109,879,203
164,163,003
Report
97.86
105.00
■■■••
the
-
106.48
107.02
110.08
Market Value
103,28
103.16
:
•
Average
:
tories should take one of the fol¬
"1. Banks which
school
as
31—
30—
31
30
31—
90,274,071,634
99.38
Nov.
Dec.
$
$
Nov.
99.02
—
101,801,493,498
101,377,604,946
112,620,708,662
,
100.71
100.92
101.35
1945—
Jan.
31—
114,019,500,804
Feb.
1944—
"2.
school
savings depositories
give consideration to this:
activity as the best means of as¬
sisting educators in building char-,
acter through thrift education.
"3. Banks which -do not "find it.
fic casualties
28
safer,
F01.91
102.58
hope
safer for motorists
high-:
and for
through its public roads admini¬
stration, is the organization that is
concerned with matters' relating
93,849,254,814
96,235,324,054
102,284,657,208
100.53
July 31—
Aug., 31—
Sep.
102,328,885,992
100.74
Oct.
31—
128,511,162,933
128,741,461,162
you, as
100.71
102.97
102.49
102.60
103.16
102,017,012,414
100.61
Nov.
30—.
J29,156,430,709
103.28
conference."
30
.
the public- before the automobile
touring season of 1946.
V
"The
Federal
Works Agency,,
103.45
Aug. 31—
;
be devised by such a confer¬
130,074,758,528
102.53
103.10
103.01
Fleming:
to make our streets and
ways
114,767,523,198
Sep.
preliminary step the;
written Maj. Gen./
may
June 30—
129,748,212,202
York
ence
100.62
29—
New
that additional means
100.31
July 31—
the
•
conference. Said Mr. Truman
"I
95,305,318,075
June 30—
to
in his letter to Gen.
31—
11,130
;
Z
gesting that he call together the
appropriate
representatives
for
consultation
in" preparation for-
30—
36,166
in traf-
the nation's high-
:
of the Federal Works Agency, sug- >:
Apr.
11,129
Hazard
has
May
Apr.
on
advices
100.21
_
a
"Times" from Washington stated,
100.32
Mar. 31—
?
President Truman has
plans for calling of a
conference of state and municipal
representatives in an effort to re¬
duce accidents and make driving
96,837,573,171
99.78
,
since the ending of gasoline1
95,713,288,544
90,544,387,232
>
never
should
29—
31—
depositories
have
which
Banks
114,881,605,628
114,831,886,516
115,280,044,243
114,857,381,979
Feb.
formerly, acted "*
savings
should resume that function.
Price
Market Value
;
Dec.
35,466
175
s
/;.;
lowing courses:
President
us,
1944—
;
school deposi-*
not now
Dec. 21. As a
98.46
75.74'
99.12
128.741,461,162
Price
as
Philip B. Fleming, administrator,
1,454,744,678
678,411,155
/
are
80.60
104.25
13,771,127,474.
Oct.
29—
May 31—
133,631
which
95.79
V
23,977,500
75.98
:
;
k
bankers appre-
many years.
we
than any other group
more
105.58
104.20
'
.
which ** U*M
objective
Alarmed by the increase
gives a two-year compari¬
value and the total average price of bonds
Exchange:
;
announced
99.62
following table, compiled by
potential value
the value of thrift, I think banks
100.42
100.44
99.37
620
■
25,000,000
over
rationing,
14,228,777,459
99.23
466,782
177
ciate
ways
129,156,430,709
—
so
"Because
103.42
59,745,560
1,128,623,005
110,283,600
163,367,594
80.31
99.45
Jan.
Per Latest
public;
""200,000
bankers worked to-1
our
Mar. 31—
Shares
132,581
of
104.78
7,468,228
80,281,250-+
V
107.23
109.67
80,109,269,964
80,149,558,292
30—
619
-
complished'4'an
94.11
2,569,389,931
106.38
59,864,255
90,501,768,934
90,076,888,558
Oct.
458,091
.
103.64
Average
1943—
Sept. 30
Curb
r
instructing
Ease Driving
85.48
104.03
1,427,669,621
685,019,835
companies—
-
American General Corp., common—
Crown Central Petroleum
Corp., common—
8,959,886
44,264,933
527,985,172
104.75
105.92
25,150,000
businesses——
of the total market
listed
"
''
children in the
schools.! 'Almost
overnight the.
Schools-At-War Program, directed ?s ^
by the Treasury Department of
'
the U. S. Office of Education, acof
the
The
2,350
are
with
and
251,449,385
103.91
2,738,334,192
■
411 listed bonds—
42
'•
85.45
725
13,037
(3)
Knott
utilities—
'
:
there
President Seeks to
105.16
102.91
18
662
"
19,315,831
257,368,773
101.52
1,173,211,340
Foreign government
Foreign companies
Acquired 212 shares—-issued 3,232 covering purchase of Arnold Ice Cream Co
represents shares delivered under the Employees Extra Comoenl
The New York
;
8,047,240,520
103.39
245,527,888
41,900,000
:
(2)
29,417
depositing in school savings
and they had on deposit: tr¬
over
$52,000,000.
Laws
we r e
passed in a number of States re- :
quiring thrift education in the
'^Ypublic schools. /, * •
T<•;
c '/;■
ZBM
"Credit •' is
due
the ' public-
102.41 :
34,025,154
!
108.68
252,254,548
?
(holding)...
■tr. 8. companies oper.
1,765
(4)
Hygrade
(operating).
Gas and electric
Decrease
sation
New
—
102.25
14,047,200
96.80
—
101.19
Utilities:
*
30,239
,1
-I
,
.103.25
286,009,741
>
102.71
19,528,785
;
—
47,529
10,000
/:'.
84.92
5,294,500
Tobacco
'
30,939
'
105.45
13,670,678
79,607,500
Communications
20
NOTES
■Textiles
13,875
common...
.
57,186,649
8,230,947,743
Shipping services
Bteel, iron and coke
106.25
"
'
/ : 20,133,750
; ; 57,357,836
103.78
635
29,669
—
103.13
528,265,899
—.——
51,679
—
102.63
93.05
24,054
:
20,525,000
20.109,375
103.36
16,875
Baking Company, common...—
Preferred
(1)
14,688,000
13,155,000
:!
20,450,000
8,742,2i0
Retail merchandising
Rubber
.
•'
*
possible to assist in school savings'
banking should continue to assist
the Treasury Department in the
sale of stamps, as they have dur-:
ing the war."
'
:
•
*
106.00
43,980,165
74,871
2,038
105.88
62,598.869
565
;i.;
14,636,160
3,i8o,ooo
286,805,997
sfc
—
Petroleum
170
.v
102.00
128.50
102.33
;:y
Food
13,736
United Cigar-Whelan Stores Corp., common.!
Universal Laboratories, Inc., 7% preferred..
Ward
>
,%0
—,—-
machinery.—
Financial
!—
24,053
—II*
—-i-HHIl!
Plymouth Oil Company, common.:^^....,
National Cylinder Gas Company, common—
Purity Bakeries Corp., common
102.38
Farm
68,371
—
—lit.
*
...
102.13
3,890,250
3,876,000
12,850,000
:
12,946
Corp., common.....:
Johnson,
104.28
7,659,375
office equipment.
Electrical equipment
Railroad
'
III—II
I—IIIf
Gimbel Brothers, $4.50 preferred
IIIIIIIZ
Hat Corporation of America, SV2V0 preferred
—III"
Hollander (A.) & Son, Inc., common
—2_ZI
International Minerals & Chemicals Corp., common-Hill
cum.
112,837,177,855
102.50
Paper and publishing.——
9,102
33,708
Burlington Mills Corp., common————.__^>I~n~II~iri
City Investing Company, 5 Y2 % cum. preferred.„ I—IZIZ~
Motors
104.25
Machinery and metals
Mining (excluding Iron).—
2,500
51,000
.
Price
7,687,500
S '
Land and realty
Report
None
""
Average
Y.
!
Business and
Reported
preferred_i_^!__i—II__I
IIIII""
"IIII
Associates Investment Co., 5% cum. preferred
II"I
Borden Company (The), capital—
:
—————!^__HIII
General
N.
1945-
112,814,963,794
Automobile
Per Latest
Company,
Copperweld Steel Co., 5%
(lncl.
Aviation—
Previously
American Safety Razor Corp., capital
Atlas Corp., common „
——:
Government
Amusement.——-——
14 that the
Shares
Company and Class of Stock—>.
Air Reduction Company,
Ice
1945
Oct 31,
Average*:!
Price
Market Value
Market Value
State, Cities, etc.)
8. companies:
following companies have reported changes in the amount of stock
held as heretofore reported by the Department of Stock List: :
American
"
Chemical
Stock Exchange announced
!'•
ZZiK.
school
banks,
been
<
,
U.
Of N. Y. Stock & Curb Listed Firms
a
f
were
value and average
Nov. 30,
U.
The New York
r
41.55
Jhanges in Holdings of Reacquired Stock
and
,
The New York Stdck
32.51
\
I
program
by 1939, insavings banking
15,000 schools. -*; Four
half million more pupils
ward for
Market Valiiq of Bonds
49,421,855,812
30—.
a
nearly
many
48,494,092,518
Nov.
be
country had,
troduced
in
would
,
4
V
+
+ '8
.'y
9
+
7
3%
89%
93%
•92 V
s
+- 7
,
•:
"
Price
the
ment realized the
'
5'7;'.'".i
7%
+
'.+;'+! 7 •!!:!.: + 8
;!;,+
+ 7 :~
+
?+Z8^Z
;!/../'"+ 4
.
-in
there
|
Z/ %
>
bankers %
the day
ana
looked -forward to
when
schools
SIX I MONTHS
LAST
'
8%
+6
—.—
FOR
"
:
7
38.03
who
that
date!:
31—
35.75w
deposi-
savings
America, this form of
was brought to a
I
small percentage of our yotith.;;'^:,;-::^'
"During the war our Govern¬
29—
35.40
school
as
toriesl./ Educators
pupils in
eb.
31„.
50 years a large num-
over
possible
such ! an
achievement.
;•
Nevertheless,
when we realize'
2
2
7
+
Mar.
A>g. 31—
ept. 30
Oct;
3i—
■
"For
spiritedfiindividuals" who; made
4"
92
94
.
+
+
——
+
56,585,846,293
—
Converse
Mr.
States.
thrift education
Total
+
$
31———,.
3
4
July
1945—. V/\ !
31-
+11
2
June
•
an.-
+
+ 10
34.01
28.64
55,511,963,741
• i
"!>.
+
'0
19.31
Market Value
30—
+26
+5.'
30.06
1944—;
30.33
+18.
0'
—
.
'
59.86
•' Average
k
$
~ov.
3
7
9
Average
.
+
2
—
Sept. Increase
/ 1945; /, 1944.
Beverages
Q'/o
+
•
35.98
give below a two-year compilation of the total market value
nd the average price of stocks listed on the Exchange.
ZZ/y!;. "Yy.W
Price
9
othersi.viZii ;+■' 9
All
47.25
We
Market Value
'+
+
Rate
r
60.85
69,560,968,600
*
6
+ 15
Coast
April
11 Listed Stocks
+
2
Detroit
74.51
5%
tRoom
1944
Sept.
Food
Tfo
+
+
.
Occupancy
Decrease
Total
City—
1,157,387,510
V
or
Rooms Restaurant
New York
Cleveland
k 17.76
/
,
United
,
SEPTEMBER, 1945. COMPARED WITH SEPTEMBER,
r'
1,245,451,399
393,211,268
>
:
of thrift education in every school :
.
-
,
Five Cents Savings Bank of Wor-
acted
Year to
32.26
41.46
scnooi curriculum, according to ^,!/ Z
Myron F. Converse, President of i'y.ZZ;!
the Savings Division of the Amer- *; ZZZ
ican Bankers Association, who is I 7 ;;
also President of the Worcester :
in
ber of banks in this country have
52.47
3,150,339,812
' 21.05 |;//1,823;997,152
110.65 :>v
4,665,568,545
30.12
169,606,774
37.49
do
largest increase in room sales, 10%,
as the result of its 98% occupancy and a rise of 5%
in room rate.
Philadelphia and "All Others" followed with 9%, and Chicago had a
gain of 6%. The Pacific Coast also led in restaurant pickup with one
"The Pacific Coast scored the
35.99
38.86
35.92
1,275,919,762
1,336,723,952
—
America
gains than in August.
v"'
Gas
should
;;;V;
everything possible to keep thrift ./,/-!////
of
said:
5%
Chicago
* + 2 /;
Philadelphia
+10
Washington ——' +10
42.11
\
•
Bonds,
9%, the latter being the most marked improvement for this large
since June, 1944, Most other sections showed more moderate
10.63
7,441,271,494
5,753,883,687
4,221,610,849
821,477,820
142,207,036
* 30,604,484
3,163,048,984
866,674,537
1,717,167,352
38.47
—
month of last year was
ela¬
as a
War
of
Stamps and War
banks
tne
group
38.12
36.58
2,032,018,508
( 939,799,063
,
same
school,
sales
wartime
of
1
have thrift educa-
we
cester, Mass,, in a letter mailed to *
Association member banks in the
51.72
80,906,697
57,721,856
:
anient
the
over
27.24
4,853,254,602
OOd—
S.
42.30
971,974,111
1,339,755,856
: "
28.93
1,428,196,380
-
45.69
7,928,564,417
42.72
73.04
1,040,740,725'>.
—
48.27
,75.03
76.98
2,238,789,457
—+_'■
emical
ectrical Equipment
arm
26.56
29.30
992,787,680
635,828,417
fTr,——J,
Vtetion
usinesa and Office
31.05
975,881,428
6.059,344,983
1,249,356,619
«—
Utomobile
,
$ ' j's®
36.24
863,947,686
48.93
5,945,796,038
S
,
Oct. 31, 1945
Market Value Av. Price
1
Market Value Av. Price
Now that
tion in nearly every
of
price
aggregate market value and average
ustrial groups with the
Urges Thrift Education
8%, compared with 7% in August. The Pacific Coast scored the
biggest gain over last year, 15%, Philadelphia and Washington com¬
ing next with 10%, and the group "All Others" followed closely, with
the loans
types of
ember borrowings, these ratios will ordinarily exceed the precise
lationship between borrowings on listed shares and their total
I'
their
result
"The increase in total sales
f all listed stocks, on that date, was, therefore, 0.74%. As
collateralized by U. S. Gov't issues include all other
v"
in
accountants,
Savings
market value
.ot
V^lUC ^
public
93%, 4 points above that in September,
for the nine months of 1945 is 90%, which com¬
pares with 87% for the same period of 1944. The Bulletin further said:
"This time the Pacific Coast pushed ahead to a new high level,
98%, while New York City again reached 97%; Cleveland had 96%,
Washington, 95%, Philadelphia and Texas, 94%, and Chicago and
Detroit, 93%. The scattered hotels grouped as "All Others/^had an
occupancy of 90%, one point lower than in August, but o points
higher than in September, a year ago. Z1
I'v:./ •
$69,560,968,600.
The ratio of the latter borrowings to the
York
1944. The average
In making the announcement on Dec. 6 the Exchange
"As of the close of business Nov. 30, New York Stock
ov't issues.
New
reached the all-time record of
aggregating
,576,517,830 shares listed on the New York Stock Exchange, with
total market value of $72,729,703,313.
This compares with the fig*res
as
of Oct." 31 of 1,267, stock issues, aggregating 1,572,811,877
a
Horwath,
A.B.A. Savings Div.
September
November Hotel Bulletin announced that in September, occupancies
continued to chalk up new highs; the countrywide average again
he close of business Nov. 30, there were. 1,273 stock issues,
hares with
&
Monday, January 7, 1946
to
highway
transport.
construction
and
"Therefore, I should like to have;
eral
Administrator of the Fed-»
Agency, head up the
Works
1
.
-
Vi
Volume
: Ll
!
Number 4453
163
THE COMMERCIAL & FINANCIAL CHRONICLE
115
State and City Department
#LL'::B0ND
v
!
'
•
to
ALABAMA
•,Tuscaloosa, Ala.. ;.;' .'
•
25,000 population group, has a
capita yield from business li¬
Offering—FJ
Bond
G.
of
$2.52.
population group
Hocutt,
Clerk,.-will, offer .at
auction
10
at
a.m.
public
Jan.
on
8
a
.
1946.
Denomination $1,000. Due Jan. 1,
:.as
follows: $6,000 from 1949 to
•
.
from
$12,000
1956. to
1966
inclu¬
and
Bank
business
>
is
that
license
of
Culver City levies
Culver
busi¬
a
£/ in inverse
L bonds called
which
;
the
interest
gross
Angeles, 'Calif.
computed at the rate
would
same
bear
on
Airport
I.
Los
Expansion
.
redemption date.
rate
•v/ name
The
of
rates
or
■which the bonds
bonds
Angeles
der
interest
To
buildings
bear, subfollowing qualifica¬
!
ject to the
tions: not more than three differ1
ent
interest .rates may
not
more
than
be Used
may
in
until Jan. 1, 1955, shall not exceed
: the rate of 214% per annum, pay¬
der
construction
interest
will
be
payable, hereafter until maturity
inal
able
'
shall
not
per
annum,
•
,
the
semi-annually.;
exceed
the
3%
of
rate
to
Pan
of
Western,
American
the
The
Waldo
ment program
Special Sch. Dist. .No. SO,
'
Arkansas
L.Lf/LLL
Bonds Called—Refunding fcttrds
bearing 3%% interest, Nos. 21RB
,
•
a
Savings
of
price
-
—v-
L
Bonds
'
or.
•
pansion
jointly,
1
$450,000, 3s, and
*$1,300,000, %s
:
100.00
Bankers Trust Co.,
New
airport in¬
Business
.
■
;
License
Local
tant
Tax
Revenue
will
acres
be
acquired
;of
,
Los
Angeles), Calif.
School District Bonds Offered—
.
J. F.
Bank
receive
tary to the property tax in Cali-
bids
until
10
a.m.
'
>. fornia
has
cently
been
surveyed
re¬
the American Munici¬
by
pal Association.
Jan. 8 for the purchase of
$650,000 not io exceed 5% interest
bonds, as follows:
/
'
$400,000
Business
license - taxes
have
v, never been a major source of mu¬
nicipal
revenue
in
California
generally.
There is considerable
/variation, however, in the extent
which
general
fund
City
Due
250,000
Monrovia
City
kinds
School
Each issue is dated Jan.
revenues
the
from
America
V
fund
eral
from
revenues
licenses
of
is
derived
kinds
various
including the business license tax.
At
end
one
Rednodo
general
the
of
scale
is
reporting
a
per
capita
yield of $2.19.
At the other end
of the scale is
obtains
1.46%
from
revenues
;
per
El
Segundo which
of
general. fund
this
and
source
a
capita yield of 52 cents.
Among cities throughout Cali¬
fornia
•
with
under
high
business
k
1943-44
Napa,
,
.
San
;
IV2S, at
a
An¬
Knn'nnn
sisted of:
1-.100.75
-/
are
population
capita yields from
license
$1.77;
Luis
10,000
per
taxes
Culver
Paso
Obispo,
during
1947 to
,as
$15,000 from
inclusive, and $10,000
approved by O'Melveny & Myers,
of
Los
proved
Angeles. Bonds
by the voters at
tion
$2.50;
of 100.155 for
Prin¬
cipal and interest (J-J) payable
at the County Treasury. Legality
$1,53;
Rafael, $1.60, and Torrance, $1.64,
Huntington : Beach,, in the 10,000
dated Jan.-
follows:
1956
City,
San
are
from 1957 to 1966 inclusive.
Robles,
$1.99;
i4S' a
000
on
were
an
ap¬
elec¬
Sept, 11, 1945. Second high
iy4s
was
$45,000 3s and $205,made
by the Bank
of America National Trust & Sav¬
ings Association, of San Francisco.
has
been
1953
in
the
i
municipal
x
,
Illinois
Bonds
Defeated—An
A
issue
of
$250,000 court.house bonds was
defeated at the election held on
in _1956. . Dec. 11. '
■
1958, $75,000
Homewood, III.
1959, $50,000 in 1960, $75,000 in
Bond Ordinance Passed—^An or-^
1961, and $50,000 in 1962. Rate of dinance has been
passed by the
interest to be in multiples of %'i
village Council calling for an
in
cj?c
offering
the
lowest
tssue
$71,000
bonds/L;#' :
price
therefor.
registerable
as
95%
to
office
4
Bonds Voted—An issue of
000 construction bonds
received for less
will
be
the
delivered
City
ably
at
voted
Dec.
on
upon on
Feb
the
at
was
favor¬
election
held
1.
Olney Township (P. O. Olney), lit.
Bond Issue Details—The $110,boo road co"nstruction bonds" pu7-
Treasurer
at such other place as may
mutually agreed
revenue
Hopkins Township High Sch.
Dist. (P. O. Depue), III.
$146,-
the highest
Coupon in form,
to principal only.
of par and accrued in¬
date of delivery*
The
of
water
rate
be
i5,
_
ch
d b
Ballman & Main, of
as soon thereafter as th^y Chicag0>
noted in v. 162, p.
be ready for delivery. The.,
2895Jb4ar 2y4% interest, are
legahty wiLI be approved by Cald- I
dated Sept. 1, 1945, in $1,000 de-
'as
of
New York
City, whose
'nominations, and mature
•,
follows:
io
tne
1ftc;n
1950
certificates, are
issued for the purpose of paying
the cost of enlarging and extend¬
ing the municipal water works
plant and distribution system, the
:
r
£ to -4955, f $75,000
change.
These
1952
$8,000
on Jan.
in 1947;
1948 and 1949' $11'009 in
or(/q
<ci9nnn
from
and
1Qn;1
1951,
and $12,000 from
inclusive.
1956
to
J-J.
Interest
-L
:
Springfield Airport Authority, III.
Bond
Sale—The
$560,000 2%
municipal gas plant and distribu- airport bonds offered Dec. 22tion
system and the municipal, v. 162, p. 3125—were awarded lo
sewerage disposal plant and sys- the Northern Trust Co., Chicago,
tern of the City under and pur-1 and
Braun, Bosworth & Co., Topiionl
4-/^ +V7
ntrlVi/wiltr'
mmLa
111 QQQ
suant to the authority of Chapter
iedo,
a
:
,
filed
$50,000 in 14£57 and
erea
100.98
vs
1
Township (P. O. Braceville), 111.
Election
Requested—A
Township Clerk's office requestjng an eiecti0n to submit to the
until
eS°r/h/P1 n^chTser wiinoui
wfthL
purcnaser
j
,
.
Jan.
bids
1, as follows: $75,000 in 1948,
$50,000 in 1949 and 1950, $25,000
1951, $75,000 in 1952, $50,000 in
Ln'
chell,
-'
$700,000, Is
$120,000 sewage treatment plant First National Do
Bank,
bonds./ 'v:. L/pLLLr//
Chicago,
120,000 city hall bonds. '
/'
Halsey, Stuart & Co.,
10,000 fire engine and equipment Blair &
Co., Inc.*
'
bonds.
Phblps, Fenn & Co.,
All of the bonds
sealed
Bond
petition
.
may
-
_
Braceville
_
.
For $525,000,
3s,
$525,000, %s, and
con¬
ILLINOIS
of
in
or
jointly,
price of 100.023,
1961 to 1964 inclusive.
■
,
.
Chicago,
1, 1946. Denomination $1,000. Due
issue
.in
...
receive
certificates
York, jointly,
$525,000, 4s, and
$1,225,000, %s
Bank, Seattle,
,
Beach, deriving 24% of
fund revenues from li-
\ censes
•
as
basis of about 1.497%. Sale
will
the
For
1, 1946.
Los
a
ctiy
disposal plant
/
.
terest
Salomon Bros.
geles,
v
,
'
date
a
Tallahassee, Fla.
Certificate Offering—George C.
White, City Auditor and Clerk,
than
Oxnard, Calif.
cities in Los Angeles County indicates that 5.42% of 1944-45 gen-
authorized
sewage
' No bid wil1
—
1
an
on
of interest and to pay
National
Northern Trust Co.,
various
of
bidders
Blyth & Co.,
Seattle-First National
on Jan. 1
from 1947 to 1966 inclusive.
sale
°
New
Jan. 1
Vyj ; District bonds. Due
of
}
J
S
will be awarded to the bidder or
Corp.,
& Hutzler,
Equitable Securities Corp;,
licenses, of which the
Bond Sale
The $250,000 gen¬ Braun, Bosworth &
business license tax is. the most
Co., Inc., :
eral obligation bonds offered Dec.'
Heller, Bruce & Co., .'and
'/A important;'. i* - • ./
L
1
20 were awarded to the Security- First of
Michigan Corp.,
A recent study of 35 of the 45
First National Bank of
derived
are
a
Jan.
National City Bank,
School
on
from 1947 to 1966 inclusive.
'
to
Alhambra
District bonds.
(
Indefinite—The
yet decided
Association,
San Francisco, and
on
sealed
of
Sale
as
Trust & Savings
Moroney, County Clerk, will
of municipal revenue supplemen-
elec¬
school districts. Proponents of the
not
beginning Feb. 1, 1948.-
Spring Creek Consolidated Sch.
Dist., Seminole County, Ga.
^
Bond Sale—Brooke, Tindall $
Co., Atlanta, advise us of the re¬
cent purchase by the firm of $20,000 4% school bonds, due on Jam
1, as follows: $1,000 from 1947 to
1960
inclusive, and $1,500. from
1. 1946. Denomination $1,000. Due
jointly,:
For $1,750,000, ls____u_100.18
LosAngeles County (P. O.
Source—
Fiscal
importance of municipal
L business license taxes as a source
First Boston
year
—r
pPrcIiase voters an issue of $15,000 road
water gas
improvement bonds.
*
'
certificates^ not ex^
ceedihg 3% Thterest." Dated Jan\'Franklin County (P. O. Benton),
Weeden & Co., and
Hannaford & Talbot,
de¬
;
Impor-
a recent
revenue
The issue will mature $2,000 each
a
and sewerage
Bank, Chicago,
625
more
for
Supreme
for consolidation
single unit of 10 special tax
a
nJ°«?of2\nn(?n
of .$850,000
York,
;San Francisco,
Harris Trust, & Savings
ex-,
present
area
velopment.
California (State of)
•
«
The
an
Approximately 1,800
acres.
•
CALIFORNIA
occupies
214%
anticipation certifi¬
cates was recently purchased by
Brooke, Tindall & Co., of Atlanta.
water
proposal
a
into
bonds*
;."L
/
For
are
will be used for, the
program.
airport
county endorsed at
$14,000,000
National Bank &
Trust Co., Salt Lake
City,
fourth
Water Revenue Certificates Sold
Invali¬
Merger
Florida
Court has held unconstitutional
tion
,?V._
GEORGIA
Montezuma, Ga.
Miami), Fla.
for
*
Moulton & Co., and
Continental
"
cluding hangers-aprons, taxi strips,..^.§r.ri.1?ian Ripley &CcL,Inc.,
auto parking area, passenger load¬ Smith, Barney & Co.,
ing apron, service streets, sewers, R.\W. Pressprich & Co.,
storm
?'/
drain, curbs, gutters and Schwabacher & Co», ■
out¬ .this year
balance
are
standing of. an issue dated Nov.
1, 1940, and due Jan; 1, 1962.
District
.
—An issue of about $40,000
has
0 Commerce,
,
Rock*
100.20
The
—
Bond
York,
a/L'L;-;;';
special act of the State legislature
pursuant to which voters of the
&
IL S.; Dickson & Co.; and inclusive,
aggregating an electric duct system.; Money
Laidlaw & Co., jointly,
;
$3,000, have been called for pay- <from % 1941 bond issue .is being
For. $1,750,000, Is -____100.21
J ment on Jan. 1, 1946, at the.Com- used for this work, while the $12,mercial National Bank of Little 500,000 airport bond -issue voted American Trust Co.,
■
0.90%
(P. O.
Jan.
r,:-:
100.219
Co._
County
School
100.027,.
26RB
to
.
Dade
;
,
nlest,cos* .°* P
pViS!!Ua
and '
Workmen
at the
>
100.42
0.90%
FLORIDA
some
mature
are
after.
:
0.90%
Co
Stuart &
and
100.057
and
&
Nov.
>.
Stockton
q
$750,000 improve¬
a
the
Bank, at
New
Administration
offices.
j now finishing
ARKANSASL/4;
:
other
and
terest to the date of delivery.
to
ico1
un¬
Civil
Aeronautics
y
Co.,
Co., jointly
refunding
July 1,
1, 1979.
subject to redemp¬
tion, together with accrued inter¬
est, at prices ranging from 102
Horn Jan. 1, 1947 to 1952, Inclu¬
sive, down to 10014 from July 1,
1961 to 1968, and at par there¬
au¬
>on
sale
for
Corp...;
3%
The bonds are dated
1944,
The bonds
100.069
y
' P;.
'
Following is a com- j merger will ask the court for
plete list of the unsuccessful bids:„
rehearing.
■
- Li! ^
Chase National Bank,
Miami, Fla.
T.W.A.,
American
lines.
offered
&
Barney
Halsey,
bonds
election
Smith,
Me¬
&
York, and Fox,
Cincinnati, in joint'
bonds at 100.50 and accrued inter¬
est.
100.07
"'W '• 1
0.80%
0.80%
New
of
account, recently made public of¬
Rate Bid
0.80%
i
.
All bids must include accrued in¬
A
Is)
Loan
building will house airport offices,
weather bureau, post office and
any
be
Center
an
Securities
Putnam
$3,850,000
interest
Co.
Bank._
Estabrook
$1,750,000 bonds ($350,000
0.50s, $525,000 0i75s, and $875,000
,
such interest rates
shall be in multiples of V\ of 1%.
nually; and
will
airport
the
Savings
List of Bids—On Dec. 17 the
city
use
buildings
at
at
-
&
Co.,
fering of $500,000
;
Int. Rate
Weld
dated
house the term-
facilities
United,
semi-an¬
payable
used
Civic
5%
'
1
Harris Trust &
awarded
five, years.
Three of the four
!.
White,
,
Stockton, Calif.
are
in from three to
Bonds—The
exceed
time this month,
new
panded airport will be in full
year's
single
a
rate
the interest payable
/ maturities;
:
20
size of the terminal eventually at
a 'cost
of $25,000,000.
The ex¬
used;
be
interest
one
Sell
to
morial
occupied, work will
be started on an expansion pro¬
gram designed to quadruple the
to
are
the
:
Bidder
Richmond, Calif.
■
thorized
Program-
After
■..//
not
municipal
construction.
bids:
Beach, Fla.
Reusch & Co.,
from 1948 to 1957 inclusive. Other
-
Mellon
%
airport
begin full-scale operations
"will be sold to the bidder whose will
offer reflects the lowest net inter- "next spring when work is com¬
.est cost to .the city.
Bidder to pleted on four buildings now un¬
the
&
America
,
y
-
of
Vero
Bonds Publicly Offered—Baker
Trust &
—
the
on
Satisfactory legal opinion will be;,
furnished.
Price Bid
$45,000, 4s, and
/
$205,000, iy4s
100.278
Wecden & Co.,
:
;
;
:
For $100,000, iy2s, and
//
$150,000, iy4s L~-__L10p.002
.
12.. months'
follows:
as
For
numerical order, on: additional $1,000 of gross receipts
/ and after Jan.,1, 1956, at par plus
up to $100,000; 10 cents for each
accrued
interest
to
redemption additional $1,000 of gross
receipts
/date, and, plus a premium egual over $100,000.
'
to
were
National
New Britain, Conn.
Bond Sale—The issue of $100,Savings Associa¬
000 coupon first issue sewer bonds,
tion, San Francisco,
v :
:
.//For $45,000, 3s, and LL'L
z/ ;t 19th series, offered Jan. 3—v. 162,
$205,000, iy4s
100.155 p. 3243—was awarded to the Lee
Higginson Corp., New York, as
Blyth & Co., : '
Will. R. Staats Co., and
0.80s, at a price of 100.077, a basis
/,
•
Hannaford & Talbot,
'
' 'J of about 0.787%. Dated Jan*. 1,
1946, and due $10,000 on Jan. 1
jointly,
•
receipts of $5,000 or less.
They levy a 25 cent tax for each
on
in part,
or
the
license tax on retailing, job¬
bing and wholesaling; arts, crafts
and trades; building, contracting
and subcontracting; trucking and
transportation, o£ $6 per annum
thereafter shall be callable at the
city's option, in whole
in
over
ness
Bonds maturing in 1957
sive.
of
schedules
City.
1954 inclusive;, $7,000 in 1955, and
.
Illustrative
rates
Dated. Jan. 1,
Fresno
bidders
Bidder
50,000 has
capita yield of $2.51.
/' T
per
an
:issue of $175,000 refunding water
works bonds.
Other
per
r
censes
.City
PROPOSALS AND NEGOTIATIONS
:
8374, Laws of Florida, Acts of
1919, being the charter act of said
-*i
_
j
_
^
-
i.1
_
i
n
jointly, at a price of 111.888,
of about 1.015%.
Dated
basis
a
Dec>
1945, and due on Dec. 1
180, Florida ; from 1950 to 1965, inclusive. Secresolution 1 on£j high bid of 111.789 was made
C. F. Childs & Co., .
adopted by the City Commission '
Harris Trust & Savings Bank
on
Nov. 27,
Milwaukee Co., and
1945, and the sale 0f Chicago,
Thomas Kemp &, Co.,
/;V
?/■ thereof will be subject to valida¬
Toulon, III.
tion by a decree of the Circuit
jointly,
■i/; :,/ ;
Pre-Election Bond Sale —NeCourt of Leon Co., Florida. Said
For $175,000, 3V4s, and
gley, Jens & Rowe, and Barcus,
$1,575,000, Is
100.01 certificates are payable as to both
Kindred & Co., both of Chicago,
principal and interest solely from
CONNECTICUT >
4: a special fund to be derived from have purchased, subject to favor¬
able action by the voters at the
the net revenues to be received
Darien, Conn.
Feb. 19 election, a total of $26,500
Note
Offering —J.
Benjamin from the operation of the water
bonds, divided as follows:
Corbin, First Selectman, will re¬ works plant and distribution sys¬
ceive sealed bids until 10:30 a.m, tem, the gas plant and distribution $18,000
sewage treatment plant
on
Jan.
7
for
the purchase of system and the sewerage disposal
general obligation bonds as
l%s, at a price of 101.25.
$150,000 tax anticipation notes, at plant and system of the City. En¬
a
discount.
Dated Jan. 9, 1946. close a certified check for 2% of
8,500
sewage
treatment plant
revenue bonds
as 2V2S,
at a
These notes are due on May 15, the amount bid for, payable to the
1946. Payable in New York City., City.:
price of 100.94.
/
;
.
-
,
;
and Chapter
■ City,
Statutes
1941, and
a
„
•
■
.
'
THE COMMERCIAL & FINANCIAL CHRONICLE
116
,,
$18,800 2% fire department bonds.
5,500 2% police department
bonds.
10,700 2% street department
bonds.
Dated
Jan,
,
,
These bonds
1, 1946.
due in 1952 and 1953. Author¬
ace
Bonds Voted—At an
the
13
Dec.
of
issue
voters
bonds.
building spectively comparable periods in
school
$65,000
1944
f
'v,,
ised at the election held on DecJ.5.
INDIANA
and
1943.
Eleven
follows;
as
as
Txxy
■
and
Is,
,
for the $650,000
100.261
Is.
'■'Z'c.'
St. Louis Park, Minn.
Bonds Authorized—An issue of
months'
■■
$146,000 North System bonds isV : sued under Chapter 705, Acts $100,000 water
reservoir bonds
estimated 1944 annual total and
of 1945, Section 7. Dated Sept. was
approved
by the Village'
,•Kansas (State.of)
to 100.64% of the 1943 estimate.
1, 1945. Due Sept. 1, as fol¬ Council at a recent meeting.
:
Local Debt Statistics Available
Breakdown of the 1945 figures
lows: $8,000 from 1946 to 1951
—A card circular showing the as¬
shows' current tax collections at
inclusive, and $7,000 from
sessed valuations,
bonded debt,
100.41% of the estimated total for
1952 to 1965 inclusive.
In¬ Calhoun
tax rates and collection date for
County: Supervisors Dist,
the year and water revenues at
terest M-S.
each of the State's counties and
'. No, I (P. Oi Pittsboro), Miss. 103.42%, but collections of delin¬
250,000 South System bonds is¬
Bond
the county seats has been prepar¬
Legality Approved—An
quent taxes stood at only 87.36%
sued under Chapter 705, Acts issue of
ed lor distribution by the Small$60,000 2%% Industrial
of the estimates, payments from \
of 1945, Section 7. Dated Sept.
Milbarn Co., of Wichita.
Plant bonds has been approved
the state at 98.50 and general
1, 1945. Due Sept. J, as fol¬ as
to
legality
by
Charles &
revenue at 96.85.
lows: $13,000 from 1946 to
Trauernicht of St.. Louis.
Dated
1955
Including $14,933,246 for debt
inclusive, and $12,000
Sept, 15, 1945.
Ballard. County (P. O. Wickliffe),
.
v
service and
from 1956 to 1965 inclusive.
pension fund, ex¬
Kentucky
Harrison County Supervisors Dists.
Interest M^S.
penditures through Nov. 30 totaled
Bond Sale — The $40,000 road
CP., O. Gulfport), Miss. .'X '
1,000,000 South System bonds is$55,857,235, placing expenditures
and bridge refunding bonds of¬
Bonds Purchased—The follow¬
;
for operating purposes at $40,923,? sued under Chapter 705, Acts
fered for sale on Dec. 29—v. 162,
3%
semi-annual, ' funding
of
1945, Section
1.
Dated ing
p.
3243—were awarded to the
Sept. 1, 1945. Due $50,000 an¬ bonds amounting to $24,000 were
Bankers Bond Co., of Louisville,
MASSACHUSETTS
purchased recently by' the J. S.
nually on Sept. 1 from 1946 to
as
2%s, at a price of 102.59, a
1955 inclusive.
Interest M-S. Love, Co., of Jackson. .
basis of about 2.013%. Dated Oct. Essex County (P. O. Salem), Mass.
Second high bid for the $1,396,- $12,000 District No. 1 bonds,
\ Nate Offering—James D. Bent1,
1945,
Denomination
$1,000.
12,000 District No. 3 bonds.
County Treasurer, will re- 000 bonds, an offer of 101.959 for
These bonds are due on April 1,
Dated Oct. 1, 1945. Legality ap¬
from 1947 to 1953. The next high¬ ceive sealed bids y until
11 a.m. ( Is, was made by a syndicate comproved by Charles & Trauernicht, I
est bidder was the Provident Sav¬ {EST) on Jan. 8 for the purchase posed of Chemical Bank & Trust
of St. Louis.
at discount of the, following notes -Co.,
Equitable Securities Corp.,
ings Bank & Trust Co., Cincinnati,
amounting to $760,000:
| Commerce Union Bank, Nashville, Jefferson County (P. O. Prentiss),
forl%s, at a price of 100,27.
^ KANSAS
.
.
Collections as of Nov. 30 totaled 000
(item No. 2) Metropolitan
:
election on $62,484,055^ compared with $60,- Sewerage Loan bonds as Is, at
approved an 178,117 and $57,182,732 for the re¬ 102.13. The bonds are described
Rolfe Indep. Sch. Dist., Iowa
Urbanat, III.'
Offering—Bess M. Holmes,
City Clerk, will receive sealed
bid's until Jan. 7 for the purchase
of the following bonds amounting
Bond
to $35,000:
Monday, January 7, 1946
r,.
collections
ran
to
100.15%
of the
,
•
Indianapolis, Ind.
Temporary Loans Awarded—
The $1,065,000 of temporary loan
issues offered
Dec. 28—v.
on
2995—were awarded to
p..
a
182,
group
composed of the Fletcher Trust
Co., Union Trust Co., Indiana Na¬
tional
Bank,
all of
Indianapolis, at 0.75% in¬
Indiana
Trust Co.,
and the American National Bank,
terest:
:
$750,000 General Fund
100,000
Board
rants.
70,000
of
warrants.
Health
.■
Firemen's
Pension
-■■
V;
Fund
warrants,
■....:
war-
'•
•
rxKi
■■■
25,000 School Health Fund
war¬
Tuberculosis
rants
100,000
,
'j'
'''
Fund
war¬
•""'i'''■»
Sanitary 'District
war-
?
,
Manchester, Ky.
Sale—The
$39,500
4%
water works revenue refunding
bonds offered Dec, 28—v. 162, p.
i
3125—were
State
rants.:^
,
.
Bond
rants.
20,000
,
Each issue matures
on
May 10,
1946.
Bank
awarded to the
1 from
1969 inclusive.
,
"
11
bids
for
the
until
11
a.m.
purchase
Jan
on
' Dated
of
$500,000
not to exceed 5% interest airport
development bonds of 1945. Dated
June
1,
1945.
Denomination,
$1,000. Due $25,000 on July 1 from
1946 to
1965 inclusive.? Bidder to
name a
.
single rate of interest, ex¬
pressed in a'multiple of y4 of V% :
Interest J-J.
The city reserves
the, right to waive any informality
in any bid if it is to its own- advantage so to do.
The successful bidder will be
required to make payment for the
bonds and accept delivery thereof
within 5 days after being notifed
that the bonds are ready for de¬
livery, The bonds
to
being issued
for improvements to the
pay
city-owned
are
Weir
Cook
Airport
and will be direct general obliga-
gations, payable out of unlimited
ad valorem taxes to be levied and
Collected
able
for
*the
on
Jan; 1* 1946.
city, is required.
Bidder to
■submit bids
can
of
City will bear
the
bonds
expense of
and
delivery
of
the
bonds will be made within three
after the award. The city
contemplates
bonds
poses
offering
additional
in
1946 for post-war pur¬
and in behalf of the Park
District.,
(The
airport
above
issue
of
$500,000
necessary
Louisville, at its
"
own expense.
LOUISIANA
Canal Bank & Trust
of
-
Company
for |
$295,000
Municipal
servation
for
the
sale
District
on
Dec.
are
Water
6%.
Con¬
bonds
offered
22—v.
162,
The
p.
bonds
dated
ture
on
Jan. 1, 1926, and ma¬
July 1 from 1937 to 1954
inclusive.
Webster Parish Minden Sch. Dist.
No. G
Bond
(Pi O. Minden), La. ^
Offering —J. E. Pitcher,
follows:
crued interest;
est
Raffensperger.
check for 5%
Enclose
a
-
$2,000 from 1947 to 1951
inclusive, and $1,000 in 1952
bonds
are
June
dated
1,
1945, and in the previous sale re¬
port were listed as 3V2S.
,
Montgomery County (P. O. <.
Winona), Miss.
'/•; Bonds Purchased—The 2 V4 %
semi-annual,
funding
bonds
amounting to $14,635.09 were pur¬
chased recently by Walton-Hamp H ^
Jones
Co., of Jackson.
Dated
Nov. 1, 1945.
Legality approved
by Charles & Trauernicht, of St 'it*..*
Louis.
;
.
Bond
a
1mM
Bonds
Purchased—An issue of
$9,064.16 234% semi-annual, fund¬
ing bonds was purchased recently
by the Walton-Hamp Jones Co., of
Jackson. Dated Dec. 1, 1945. Legality approved by Charles &
Trauernicht, of St. Louis.
\
a
group
composed
of
Harriman Ripley & Co., Inc.,
Kidderj Peabody & Co?, Stone
& Webster and Blodget, Inc.,
and F. S. Moseley & Co., as
Is, at a price of 101.159, a
basis
of
about
0.76%.
.
Neshoba County ,Supervisors rDist.
No.
$
(P. O. Philadelphia), Miss.. '
Bonds Purchased—An
issue
of
semi-annual, iund-
date of issue
ac¬
on
90
days'
no¬
tice to holders.
Second high
bid of 100.931 for Is was made
certified
of the amount bid.
,
by a syndicate composed of
Mellon
Securities
Corp.,
.,
_
\
^
' ^
*
;
,
1947 to 1950.
dated Feb. 1,
1946, and mature
•rX:
Broad us, Mont.
--r 'i?
Bond Election—At ah election
'
follows: $237,000 from
1947 to 1951 inclusive, and $238,- on Jan. 10 the voters will consider
r
000 from 1952 to 1956 inclusive.
the following bond issues aggre¬
The same group purchased the gating $44,500; $32,500 water sys¬
$650,000 bonds, described below, tem construction and $12,000 sewer
naming a price of 100.269 for Is, system construction.
a
as
basis of about 0.95%:
■
Laurel, Mont.
Dated, $200,000 permanent improvement
Dec. 1, 1945, and due Dec. 1,
1970. Callable on any interest
date after five years from
/
y
offered
basis of about 0.96 %. The bonds
are
(item No; 1) sinking
fund refinancing loan bonds Feb. 1,
to
Saie
v;
'
$7,880.94 3%
Minneapolis Mi™.
bonds
|
.
$1,820,000
,,
and
follows:
ing bonds was purchased recently
The
$3,025,000
by the Walton-Hamp Jones Co., of
at public auction Jackson. Dated Dec. k 1945. LeHingham,
Weymouth,
and on Jan. 3_v. i62, p. 3245—were
gality approved by Charles &
Quincy.
The bus line would be awarded as follows:
•
operated by a Board of Trustees | *A syndiCate composed of Phelps, Trauernicht, of St. Louis.
appointed by the Governor and Ferin & Co., Stone & Webster and
MONTANA
Council at rates to be established
Blodget, Inc.,; F. S. Moseley &
Belt, Mont.
by the State Public Utilities Com- Co., Paine, Webber, Jackson &
Bond Sale Details—The $4,000
/UCo., First Michigan Corp., all of
.water refunding bonds awarded
Massachusetts
New York; J. M.
Dain & Co.,
I on Lec. b to the Belt Valley Bank,
(Commonwealth of) Minneapolis, and the Milwaukee
of Belt, as 23/4s—v. 162, p. 2996—
Bond Sale—The $3,216,000 fully Co.,
of
Milwaukee, purchased I v/ere sold
at a price of par. These
registered bonds offered Jan. 3— the $2,375,000, coupon refunding
I
$1,000 on Jan. ( J,
v. 162, p. 3125—were awarded as bonds as Is, at a price of 100.227,
Secretary-Treasurer of the Parish
par
as
and 1953.
Lea), Minn.
Bond
Sale—The
$1X7,000 1 %
of the drainage refunding bonds offered
'
;
lows:
The
issue is made
by statutory limita¬
spend $250,000 in the purchase of
|
buses to operate within the town I
$14,-
sale bonds
$2,000 3s, due June 1, 1946.
12,000 IV2S, due June 1, as fol- 5
Freeborn County (P. O. Albert
a?dI1" neighboring communities
of
(P. O. New Orleans), La.
Rejects Bond
Bids—All
bids
The next high¬
was
at the
Bank
described
MINNESOTA
—
from 1947 to 1955.
bidder
Due sewer bonds
on or
f^Were^d aTaVrice
School Board, will receive sealed
was previously offered on
bids until 2 p.m. on. J an. 15 for
1, 1945, and the sale can¬
the ; purchase of
$400,000 con¬
celed.)
/
*
struction
bonds, not exceeding
St. Paul, Ind.
6 % interest. Denomination
$1,000.
Bond Sale—The $8,000 fire de¬
These bonds are due on March 15,
partment and housing bonds of¬ as follows:
$24,000 in 1947 and
fered for sale on Dec. 27—v."
162, 1948, $25,000 in 1949 and 1950,
p. 2995—were awarded to Fox,
$26,000 in 1951 to 1953, $27,000 in
Reusch
&
Co.,
of
Cincinnati. 1954 to 1956, $28,000 in 1957 and
Dated Dec. 1, 1945.
Denomina¬ 1958, and $29,000 in 1959 to 1961.
tion $500.
These bonds are due No bids for less than
Hughes & Co.
10,; 1946,
Shawmut
Boston.; This
:
June
,
Jan.
National
10,
1946.
Delivery
-
printing 2995—were rejected.
weeks
Jan.
,
City Attorney, although bids Mohawk
be conditioned upon approval
legality by bidders' counsel.
election
an
tions as to the date
$2,000 from 1947 to • 1951 inclu¬
original, issue, and not by rea¬ for sale on Dec. 27 were awarded
sive; $3,000, 1952 to 1966 inclu¬
sons of failure of funds to be
sive, and $4,000 from 1967 to 1971
to Halsey, Stuart & Co., at a price
assessed for their payment."
inclusive. Bidders were required
| of 101.479, a basis of about 0.725%.
to name a price* of at least 103
next' highest
Denomination $5,000. Issued un¬ The
bidder was
for the issue and to specify the der
authority of General Laws, Paine, Webber, Jackson & Cur¬
rate .* or - rates of interest.
Bonds Chapter H I> and Acts in amend- tis at a. price of 100.607.
15 & : ;
Nos. 11 to 75 are callable on and ment
thereof
and, in
addition
Lincoln County Indep. Sch. Dist.
after Jan. 1, 1951, at par and ac¬ thereto. Payable at the Merchants
No. 1 (P. O. Lake Benton), \
crued interest, plus a premium of National Bank of Boston or at the
Minn.
2 V2 %.• City reserves the right to National Shawmut Bank of Bos¬
Bond Sale Details—The $35,000
deliver bonds Nos. 1 to 70 as ton. The notes will be certified
refunding bonds awarded
promptly as possible and to with¬
t0„ge"uinfnlf.s and yaUdity by on DeCi 7 to Piper, Jaffray
hold delivery of bonds Nos. 71 to the National Shawmut Bank of
H i,
j
nf Minneapolis
v
162
75 for 45 days after the sale, at Boston
under advice of Ropes
of
which time it will either deliver Gray, Best, Coolidge & Rugg, of
l102 031i a basis o£ ab0ut 1.258%.
said bonds or release the pur¬ Boston.
Dated Dec. 1, 1945.
Denominachaser of all obligations with re¬
Hull, Mass.
tion $1,000. These bonds are due
spect thereto. City is to furnish
Would Acquire Bus Line
A cn Dec. 1, from 1946 to 1962. The
printed bonds and legal opinion
bill now before the State Senate next highest bidder was J. M,
of Peter, Heyburn & Marshall, of
would
authorize
the
town
to Dain&Co,
on own form and; the
;
city will furnish legal opinion of received
the
about
Due Jan.l,as follows;
all of the
city's tax-?
property. A certified check
$12,500, payable to order of
Mich.
Voted—At
Tuberculosis
April 1; 1946.
Jan. 3. Dated
on
Tawas City,
Bonds
annex,
purchased by the J. $. Love Co.,
of Jackson—v. 162, pr 2996—are
Hospital held recently the voters approved
Maintenance Renewal Notes.1 an issue of $28,000 water and
:>
offered for sale
000 courthouse
MICHIGAN
Shawmut Bank of Boston.
360,000
Details—The
Sale
Bond
& >°-
Dated
10, 1946. Due Jan. 10,
1947.
Delivery on or about
Jan. 10, 1946, at the National
Shelbyville, Ky.
Indianapolis, Ind.
,;
Bonds Offered—An issue of $75,Bond Offering—Hoy E. Hick¬
man, City Controller, will receive 000 general Obligation bonds was
sealed
Notes.
Jan.
Due
1946 to
Harvey Fisk & Sons, and
Hospital
Tuberculosis
Maintenance
/;
First
of Manchester.
serially *on June
$400,000
revolving
$20,000 on
fund bonds. Due
Feb. 1 from 1947 to
1956 inclusive.
300,000 public relief bonds. Due
$30,000 on Feb. 1 from
to 1956 inclusive.
1947
1
150,000 storm drain bonds. Due
$15,000 on Feb. 1 from 1947
*
Bonds Purchased—An
1
issue
of
special improvement district
amounting to $15,674.23 was
„
;
bonds
purchased
on
Dec. 9 by the Yel¬
of Laurel, at, a
Bank
lowstone
price of par.
;/y
'
NEBRASKA
.
Humboldt, Neb.
to 1956 inclusive.
Forgan & Co., Harris, Hall &
Bond Election—An issue of the
Baltimore, Md,
Co., Braun, Bosworth & Co.,
The
above
bonds
are
dated following bonds
amounting; to
Fairfield, Iowa
Revenues
and
Expenditures—
Inc., Francis I. du Pont & Feb. 1, 1946. A syndicate com¬ $40,000 will be submitted to the
Bonds Defeated
An issue of
The city collected 99.74% of 1945
Co.,
Gruntal
&
Co.,
and posed of the Northern Trust Co., voters at the election to be held
$60,000 airport bonds was defeated
estimated tax revenues in the first
Lyons & Shafto, Inc.
at the election held on Dec.
Chicago, Chase National Bank, on Jan, 22:
17, eleven
months of the year and A
syndicate composed of Phelps, New York, First National Bank,
by, a large majority, of votes.
$25,000 swimming pool bonds.
held
expeditures for operating Fenn & Co., Goldman, Sachs & Chicago, Bank of America Na¬
15,000 airport bonds.
Jackson County (P. O. Maquopurposes in the same period to Co., Shields & Co., Gregory & tional Trust & Savings Associa¬
85.63% of the appropriations for Son, C. F. Childs &
keta), Iowa
Omaha, Neb.
Co., and tion, San Francisco, and the City,
Proposed
Bond
Election—An the year, according to Herbert Schwabacher &
Electric Committee Reports
Bank
&
Trust
Co.,
Co., all of New National
election may be held on the ques¬
Nebraska
Power
Fallin, budget director. Expendi¬ York; Perrin, West & Winslow, Kansas City, was second high bid- Profit — The
MARYLAND
:
—
tion of
issuing $100,000 county
hospital construction bonds,
tures
for
89.16%
all
purposes reached
of total appropriations.
and Chace, Whiteside & Co.,: both5 der at the auction, offering to pay
Of Boston, purchased the $1,396,- 100.225 for the $2,375,000 bonds as
Company will end its first year of
operation under ownership by the ;
*
Volume
Number 4453
163
"V
Electric
Omaha
THE COMMERCIAL & FINANCIAL
Committee,
Bidder
Inc.,
with a net to earned surplus of
approximately $661,000, according
to T. H. Maenner, president of the
Omaha Electric Committee.
Kenneth B.
Int. Rate Rate Bid
Hill & Co. and
Power
<•
■///•■
acceptable
the
:
Governor Griswold, was estopped
Freeholders,
to
by legal action from acquiring the
property. • V-v;"
'VVf r/*' y,
bids
"The
our
and
group
a
ago," according to Mr. Maen¬
"will make possible a trans¬
year
ner,
fer
Mayor Butler
purchase by
the. Omaha
to
District
of
the
Public
Power
Nebraska
Power
properties for $2,158,000 less than
if
the
purchase
to be
were
con¬
summated today."
; The
.
Z
of
sale
the
many changes"in the
Omaha power situation during the
past year, according to Mr. Maen¬
ner;; The 1945 session of? the Leg¬
islature repealed all power ; laws
pertaining to Omaha, ; and pro¬
vided ; the; machinery for creation
of the Omaha Public JPower Dis¬
trict.
;Witb the assistance of the
,
Electric
Committee this
District was set up
new" Power
and
members
appointed by Gov;
Dwight Griswold.
*
Changes in the personnel of the
-
Omaha City Council caused a re¬
peal of all unfavorable actions by.
the city, and smoothed thetrans¬
ferb£
the:
agency.
;
utility
to
public
a
,
;
An effort
made by
the com¬
pany to refinance the $7,452,000.
of preferred stock in the company,
and hearings were held before the
Nebraska State Railway Commis¬
t
was
the
until
sion and the Federal Power Com¬
mission
2
will
p.m.
purchase
of
receive
on Jan.
sealed
16 for
$450,000
not
'and
?
Omaha
the
Public
District for; the/transfer of
the property.
Recently the O.maha
Electric
Committee;offered i to
transfer ownership of the common
stock
the Power' Commission;
to
According
Mr. Maenner, the
.the* Omaha
Public
to
transfer, to
Power. District will make
possible
saving to the people served by
the Nebraska Power Company of
a
more than
*
•
$3,000,000
per year,
):'V: A'!"*vV.v
C
vy
'v%;•
Ravenna Sch. Dist., Neh.
Bond
Wachob-Bender
The
Corp.,
of
entered into a con¬
Omaha; has
tract to
purchase
struction
issue of
an
con¬
bonds.,
$185,000,, as
amounting
to
iy2s to 2%s. /Issue
by the voters at
considered
was
the election held
Jan. 3.
on
*
from
1
1947.
to
of
plant
revenue
sale
recently were awarded to the
Kirkpatrick-Pettis Co., of Omaha,
2V2S, at
as
bonds
an
•
a
were
price of
issued
as
ordinance passed
-\.v
jV"
».;,Vvv
-V-V 1
' '*•; '
"?
result
a
'<•
r
V;y V'vr^V'i1 •'
NEW HAMPSHIRE
:
.
of
Dec. 5.
on
V
These
par.
;
March
on
Corrected List of Bids—Follow¬
ing is
a
corrected list of .the
successful
bonds
bids
awarded
supersedes
for
on
the
Dec.
that given in
tion
with
in
$70,000
21
report
of
and
connec¬
162, p. 3245.
v.
the
un¬
the
sale
Bond
Offering — Esther • R.
Marks, Acting Clerk of the Board
of Finance,? will receive sealed
bids until 10:30 a.m. on Jan. 417
for
the
ing
purchase
coupon
or
of
the
State-aided
plan
will
than $132,-
receive
is put into
the State
over
about
the
*
same
amount of money from the
each year.
projects for
The
•
new
loss of
Wald Houses, housing
State
plan will help cushion
to
revenue
boom
war
com¬
munities.
Here the
chise
taxes
on
1,830 fam¬
local fran¬
costing approximately
manufacturing
$12,600,000; Governor Alfred E. plants in some cases exceeded the
Smith Houses, 1,900
families, $18,- local tax budget.
In. others it
000,000; Amsterdam Houses, 1,- amounted to a substantial sum..
ilies
an
and
020
families,
Weldon
Johnson
.
..
-
follow-
registered
estimated
are
more
new
.
Paterson, N. J.
be returned. The
bonds
cessful
suc¬
/>■
bidder
coupon
The/seven State-aided low-rent
or
registered building bonds. Dated
Dec. 1, 1945. Denomination $1,000.
Due Dec. 1, as follows: $8,000 from
will be furnished;
amounting to 4 $325,000, not. : ex¬
housing projects under loan and
"with y the: opinion v of
ceeding 6% interest:;
Hawkins, subsidy contracts located
upstate
Delafield & Wood; of New
$125,000 funding of 1945 bonds.
.York, are: Washington
Courts, in Utica,
that
the. bonds
are
valid and
119,000^ improvement bonds.
housing 500 families when finish¬
legally binding obligations of the ed and
81,000 sewer of 1945 bonds. >;
costing a total of approx¬
Board: of Education.
Enclose a
Dated Dec. 1, 1945.
Denomina¬
imately $2,640,000;
Elmi'ra, <125
tion $1,000.
Due June 1, as fol¬ certified check for $9,860, payable
families, $909,000; Port Chester,
lows: $25,000 in 1946 to 1948, $30,-? to, the, Board of Education.
160
families, $924,000; Cottage
000 in 1949 and 1950, $35,000 in
Place Gardens, in
Yonkers, 250
NEW YORK
1951 to 1954, $20,000 in 1955, and
families,
$1,540,000;
Winyah
$5,000 in 1956 to 1961. Rate of
JEastchester (P. O. Tuckahoe),
Gardens and Hugenot Gardens in
interest to be in multiples of one-;
New York
~
New Rochelle, 385 and 300 fam¬
f
eighth or one-twentieth of 1%„
Tax. ; Notes ' Sold—The
town ilies
respectively v and
costing
and must be the same for all of
awarded an issue of $200,000 tax $2,667,500
and
$2,145,000,/ and
the bond?.j. Principal and interest
notes on Dec. 20 to the
Mount Vernon, 650 families, $4,County
payable
at the First National
Trust Co.; of White
Plains, on its 950,000.
Bank, Paterson, or at the Bankers bid of
0.41% interest; plus a pre¬
Note
Offering —- Edmond
B.
Trust Co., New .York City.
No, mium df
$2; The notes' are dated Butler,
Chairman, will receive
proposal will be considered which
Dec. 26, 1945, and mature in five
sealed bids until noon (EST) on
specifies a rate higher than the
months.
' •
*-< v
- Jan.
/10
for
the
lowest rate stated in any legally
purchase
of
following,,^ temporary*,, notes
acceptable, proposal. Each proposal New Xteb City^Housing Authorityy the
must state the amount bid for the
amounting to $5,099,000:
* t \
-v
New York
• j
' ■
1946
to
from
1949
1948
inclusive; $10,000
inclusive, and
1959
to
$9,000 in 1960.
single
in
Bidder to
rate of
name
a
interest, expressed
multiple of
or 1/10 of 1%>..—..
Principal and interest (J-D) pay-"
able at the Olean Trust Co.,
Olean,
with New York exchange.
The
a
bonds
unlimited
are
tax
obliga-,
,
tions
the
of
district
and
the
ap¬
proving legal opinion of Vandewater, Sykes & Galloway of New
Ycrk City will be furnished the
;
;
successful
^
also
pay- an amount equal ; to the
on the bonds accrued to
interest
the
date of payment, of the
pur¬
chase^ price. In the event - that
prior to the delivery of the bonds
the income received v by private
holders
from; bonds of the same
type and. character shall be tax-?
able by the terms of ;any Federal
income fax. law, the successful
>
bidder
may, at his election, be
relieved of his obligations under
the contract to purchase the bonds
such case the deposit
companying Lis bid will be
turned.
ac¬
re¬
The successful bidder will
be
furnished; with the opinion of
Delafield *& Wood, of
New York, that the bonds are
valid and legally
binding obliga¬
Hawkins,
tions of the City. Enclose a certi¬
fied check for
$6,500, payayble to
City.
■
State Approves $8,971,60d Loan
for
New
Tenafly Sch. Dist., N. J,
;
'''
Bond
nis,
;
Offering—N. M. F. Den¬
District Clerk, will receive
sealed
bids until 8 p.m. on Jan.
15 for the purchase of
$493,000 not
to exceed 6% interest
coupon Or
registered
school
bonds.
Feb. 1,1946. Denomination
Due Feb. 1, as follows:"
Dated
$1,000.
$15,000
1948 to 1956
inclusive; $16,000, " 1957; "$20,000; 1958 to 1973
inclusive, and $22,000 in 1974.
Bidder to
name
single rate of in¬
terest, expressed in a.multiple of
or.1/10 of 1%.
Principal and
interest (F-A) payable at
Tenafly
Trust Co.,
Tenafly.
No proposal
Project—Herman
-
T.
Stichman, State Commissioner of
Housing,; on Dec. 29 cleared the
-
/'
u
Fifteenth Issue
;
*
certified
.
.
Bond Sale—The $25,000
improvement
bonds
sale ,on Dec. 28—v,
^.
,
A
Plattshurgh, N. Y.
.
i
bidder,
check for $2,860, payable to order
of the district, is required.
/?
;
-
awarded
were
: >
to
v
airport
offered
162,
the
p.
for/
r
2997—
Merchants
National Bank, of Plattsburgh, as
$500,000 first series notes.
500,000 second series notes.
500,000 third series notes.
Is, at
price of 100.155, a basis of
0.97%. Dated Jan. 1, 1946.
a
about
,
Denomination $500. These bonds
500,000 fourth series notes. ^
<
are due
920,000 fifth series notes.
$2,500 on Jan. 1, 1947 ta
postwar State1956. ;• The
aided low-rent housing project by
next
highest bidder
Sixteenth Series
was C. F. Childs & Co., and Sher¬
formally approving the applica¬
$500,000 first series, notes, ' *
wood & Co., jointly, for 1,10s, at
tion of4 the New, York City Hous¬
'500,000 second series notes.
a price of 100.197,; Other bidders
ing/Authority for a maximum
500,000 third series notes.
were as follows:
loan, of $8,971,600
to construct
1
679,000 fourth series notes./
Melrose
Houses, in
the
Bidder
lower
Price Bid
Dated Feb.'2, 1946. These notes
Bronx.
The
figure includes a are due on Aug.
Wood; Struthers & Co.,
6, 1946.
margin; of safety to provide for
for 1.10? -iil-1100.09
Ne W York (State of)
unseen, contingencies. ; Also
:.
in-r
Geo. B. Gibbons & Co.,
for construction of New York
way
City's
eleventh
,
,
(
.
eluded are $2,600,000 to, acquire
the: site;; demolish existing struc¬
tures and relocate present tenants.
"No. person; now living on, the
Propose Increase Financial Aid
to
Local
Units—The
Commission
State
Revenues
and
Inc., for 1,20s i-w^-.^^100.2I
Temporary
Municipal
:■ on
of
Reduction
of
W£i[:W§
Real
made
available
missioner
to
them,"/ Com,7
Stichman emphasized.
1/ Melrose
Houses^
which
inspected recently by
Dewey, will
was
the? site
of
Governor Thomas E.
extend
from
Morris
Avenue
to
Courtlandt Avenue and from East
153rd Street to East 156th Street.
The project will house 1,160 fam¬
ilies, or an estimated • 4,500 per¬
It
sons.
will
replace more than
1,000 dwelling units and an addi¬
tional/' number
structures
which
area
of
on
the
old
,
are
and
project
commercial
of
site",
most
" will
' occupy
approximately 12 xk
In contrast to the
of
substandard,
more
.: an
acres.
than 45%
of the site by present
substandard structures, less than
30% of the actual area will be
coverage
covered
new
by the
buildings of the
Play areas for chil¬
project.
dren
and
recreation
facilities
adults will be provided as
the
development.
"While
full
of
.
/
State is
the
to
resources
veterans
for
for
part of
^using
meet
the
immediate
its
need
emer¬
housing,"
Commissioner
is also proceed¬
ing
with its efforts to stimulate
permanent home construction in
well-planned
this
we
Governor
housing
are
to
stabilize
financial
taxing
units.
The
^
posals at its
commission's
to localities
on
of
This is
conception
in
Under
much
would
an
remain
entirely
density
nized
"
formula
of
cities
is
would
receive
2. The
tion.
State
of
amount
welfare
It
now
double
would
contributions
its
local
pays
3.
The
pay
new
State
will
during
high
local
amounts, not
purposes
or
be
authenticated
First
National
Bank
of Bos¬
Legality approved by Haw¬
kins, Delafield & Wood, of New
York.
Payable >at the Central
Hanover Bank & Trust Co., New
York, or at the First National
Bank, Boston.
NORTH CAROLINA
//
North Carolina (State
of)
Treasurer
establish
which it
revenue
crease
under
years
will
ton.
plan
to 80%.
W.; Klein,
genuineness and validity by
40% of cost of
equalization funds into
will
to
to
the
administra¬
home relief.. Under the
it will pay up
the
,
,
//;;//.
Sold—Gustav
certificates
as
a
capita share of dis¬
tributed moneys than the village
and town, because cities render
greater and more costly services.
purchase of 52 ,/;/
municipal
Jr., Deputy City Comptroller, sold
Jan. 4 an issue of $600,000 tem¬
porary notes. Dated Jan. 15, 1946.
Denominations $100,000 and $50,000.
Due Sept. 16, 1946.
Issued ./
in anticipation of 1945 taxes. The
/
recog¬
per
needed
for
it will take out of the
re¬
;
on
■
< - \
worked //out
population
and
greater
.
the
for
Notes
Z
State
speech.
Under
10
///v>/';:-■"///' Yonkers, N.
government.
New York City
will receive about 52x/2% of such
moneys,/which is close to what
Mayor LaGuardia demanded in a
recent
pro-
office, 625 Madison
bonds amounting to $2,776,000.
plan
the
sealed
receive
will
v
lots of fully registered
new
coordinate
In
Jan.
of
distribution
a
population basis.
a
distribution
constant.
of
"shared taxes"
as
substitution
announced
Avenue, New
York
22,
New
York; until 10:30 a.m. (EST) on
V'J
1
elimination
what is known
This
York
local
calls for:
The
and
State
.'
has
,
%.
to
missioners,
,
that
the State Insurance Fund of New
of
amount
contributions
program
1.
the
Li
Offering —William
Fanning/ Chairman of the Com-*
designed
legislature
State-wide
endeavoring,
Dewey's'
the
for
contribu¬
tions'to local expenses.
During
years
when local demands
in¬
neighborhoods.
program,
to
to
social
,
Stichman said, "it
gency
tions
New York, N. Y.
| Bond
the
.
^
The State Insurance Fund of
Estate
Taxes,='headed by State
proj ected Melrose
Houses will be required ? to move Comptroller Frank C. Moore, will
make three specific recommenda¬
until other accommodations
are
site;,
.
000,000.
In-the event that prior to the de¬
livery of the bonds the income
received by private holders from
maturing from 1950 to 1952
wilh be subject, to call, in inverse
numerical order, beginning Sept.
1, 1946.
The bonds were will be
considered which specifies
;to F. Brittain Kennedy a rate higher than the
lowest rate
& Co., of Boston, as
l^sj at 100.68, stated in any legally
acceptable
a basis:of about 1.128%. :•
;/
proposal.
Each
proposal
must
awarded
pay
go up.
Once the
effect localities all
$7,800,000; James All such tax moneys will now be
Houses,
1,310 pooled and distributed in such a
families, ; $10,971,400;
Abraham way that each community will
Lincoln
Houses,
1,388 families, receive so much per population,
bonds of the same
type and char¬ $9,350,000;
Brownsville
://:,■;/,■/ /;,:■;■•/?/•/
Houses, head.
.v ■;/•■ / •'
: v:acter ; shall
be
taxable
by the 1.338 families, $8,983,700;
Marcy Olean
terms of any Federal income tax
(City and Town) Sch. Dist.
Houses, 1,728 families, $12,304,No. 1, N. Y.
law, the successful bidder may,
600; v Gowanus / Houses,
1,158
Bond Offering—R. V.
at his
Koebelin,
election, be relieved of his families,'
$7,411,800;
Morrisania District
Clerk, will receive sealed
obligations under the contract to
Houses,.1,800 families, $12,000,000, bids until 1
p.m.
(EST) on Jam
purchase the. bonds and in; such arid Astoria
Houses, 1,100 families, 8 for the
case
purchase of $143,000 not
the : deposit
accompanying $8,338,000.; I///;/ . V. / / ^
to exceed 5% interest
his bid will
inclusive.
1952
Bonds
from
Berlin, N.
also
These
total of
a
;
,
expenses or levy more local taxes
when State tax revenues are low
or social welfare
demands
New York City in addition to the
Melrose Houses include: Lillian
ac¬
highest price;; The
must
the
public
Dewey's
perma¬
housing construction sched¬
to cost
pay
the
In: this way a
locality will not
be called upon to either
reduce^.
,
marks
State-aided
ule to date.
equal to the inteerst on
bonds accrued to the date of
payment of the purchase price.
v:' The
$145,000 power
bonds offered for
of
least amount, then
bidder offering to
the
needs.
Governor
nent
same
purchaser
1945.
.
Bond Sale—The
bidders offer to
/
Houses
funds moneys to pay local
serve
im¬
housing project already approved
on
the
the
the
Sidney, Neb.
Melrose
sale
amount
building' and
eighteenth
sold to the bidder
least
public
provement."
amount
funding bonds
Dated Dec. 1, 1945. Due
and Jm
Contracted—
Purchase
with
legally
specifying
interest, the
of
the
more
istered
.
mittee
or
therefor
to
seeking to secure their
consent to the refinancing of the
preferred stock,' ;,The. State Rail¬
way Commission granted its con¬
bonds, which shall be/not less
sent,' but the refinancing plart has
than $325,000 nor more than
$326,been held up pending a decision
000.
As between; legally accep¬
by the Federal Power Commistable ^proposals
specifying: the
•.■ sion.
'f
' ...;/ v
'1 / " \
*.
same rate of
interest, 1 the bonds
■.;
Listed among the achievements
will. be sold to the bidder comply¬
©f the company during the past
ing ;Vi/ith/the/^erhis1 of sale and
year are a salary increase to.. all
offering to accept for the amount
except ^administrative employees
bid the least amount of bonds, the
of the company; adoption; of a
bonds to be accepted being those
sound pension plan, and improve-:
first maturing; and if two or more
merits- on. the plant and facilities
bidders offer to accept the same
amounting to more than half: a
least amount, then to the bidder
million dollars.
11
offering
to
pay
therefor
the
Negotiations are now in progress
highest price. The, purchaser must
between the Omaha Electric. Com¬
Powet
than
more
between
be
bid
cept the
exceed 6% interest coupon or reg¬
has
property
precipitated
Omaha
117
neighborhood planning and home
construction by private
developers
bonds, the" bonds to beV accepted
being those first maturing^ and if
-.'J-: "....
//;
two
former
will
amount
'
sack), N. J.
less
complying with the terms of
and
offering to accept for
Bergen County (P» O/Hacken*
:
the
be
proposals
rate
same
bonds
Par
.
for
not
nor
.
100.07
Bond
Offering — William R.
Smith, Clerk of Board of Chosen
by
bid
" shall
$493,000
$494,000.
As
&
Light, for $14,467,012, "after the
Peoples Power Commission, creat¬
ed under?L.B, 204^ an4 appoints
ed
amount
which
than
.
Townsend, Dabney & Tyson,
American
the
bonds,
JHigginson Corp.,
"-/v
v'
jointly
1V4 %
100.26
Robert Hawkins & Co._^L
VA%
100.134
Kidder, Pea body & Co., and
//y
jointly
The common stock of the com¬
iy4c/c
National Shawmut Bank of
pany was purchased by the Omaha
V Boston
y___y 1 Vi%
Electric Committee, Inc., a non¬
profit' corporation on,? Dec. 26,
NEW JERSEY
from
state
/y/'/:-
Lee
-
-
I
t
1944,
CHRONICLE
/
■
Reports Finances in
Good Shape—In a year-end report
on
the
the
status
State,
of
Johnson stated
;
In
eral
my
the
finances
Treasurer/Charles
as
of
M.
follows:
report to the 1945 Gen¬
Assembly I seated that North
Carolina
was
in the best
condition in its
financial^
history, and I
rec-
//
-
THE COMMERCIAL & FINANCIAL CHRONICLE
118
that
omrnended
Due
principal and interest, be set aside
and invested.
The General As¬
sembly acted upon my recommen¬
dation and therefor, for all prac¬
tical purposes, we have no general
iund. debt since the amount that
has been invested will amply take
and interest
of the principal
care
it becomes due. '
as
addition,
In
was
any purpose without
f urther action by the General As¬
for
earned
$526,477,37; therefore, we have in
this fund, this date, $20,526,477.37.
My recommendation to the Gen¬
eral
Assembly will be that this
fund
has
fund
This
sembly.
im¬
used for permanent
be
inclusive.
from 1947 to 1960
Ohio
Sale Details—The $72,000
Canton Sch, Dist.,
Bond
school bonds awarded
the
District Sinking
recently to
Fund Com¬
mission, at a price of par—v. 162,
p. 3246—were sold as 3s, and ma¬
ture $12,000 Dec. 18, 1947 to 1952.
limited
dated
terest
serially
taxes. Principal and in¬
(M-N) payable at the First
National Bank, Delaware. Legality
approved by Squire, Sanders &
Dempsey of Cleveland.
;!
District
Cincinnati, Ohio
provements at our State institu¬
Practically no building has
been done since the war began.
It
tions.
is, therefore, absolutely necessary
,
equipment
1,
1946.-
the Nov. 6
try to the city. Study of the in¬
crease
in population shows that
moving to Cincinnati came from
urban rather than rural areas. The
states: "this, and the fact
that
more
came
from / parts of
Ohio than from both; Kentucky
and Tennessee casts doubt on the
report
Claridon Local Sch. Dist (P. O.
money
Chardon),'Ohio"
.
.
R.
will
Clerk,
District
Wilmot,
:Y
Bella
Offering—Mrs.
Bond
if
of those
1940, 70%
to
1935
from
re¬
possible, but on ceive sealed bids until noon on
basis if no more bonds Jan. 18 for the purchase of $9,000
were
issued, the highway debt not to exceed 6% interest school
will be completely -paid or pro¬ bends which were authorized at
vided for by 1951.
Y,/ yyy yY:;V\Vy the.Nov. 6 election:
y
The General Assembly of 1941
be spent as fast as
lihe present
purchase of $1,041,950 2%
$5,000
general election.
Eaton Township (P. O. Route '
No. 1, Elyria), Ohio
Bond
Offering—Lee
Terrell,
follows:
as
bonds.
Due
Changes—A recent on
May 1 and Nov. 1 from 1947
bulletin of the Public Adminis¬
to 1956 inclusive.
Principal and
tration Clearing House, Chicago,
interest (M-N) payable at the of¬
noted the following: Recent pop¬
fice of the Board of Education. A
ulation
increases
in
Cincinnati
certified check for $1,000, payable
are
the result primarily of im¬
to order of the Board, is required.
migration of people from other These bonds were authorized at
cities rather than from the coun¬
Population
?:
and this should be done if
to completely liquidate this
debt.
However, all of this mpney
will be needed for maintenance
and construction of roads and will
and
Feb.
;
set
for
retirement system
a
up
$20,000,000,
almost
fund
this
in
have
now
which $877,328.19
of
has been the earnings from the in¬
It is on a sound finan¬
vestments.
favor¬
cial basis and will compare
.
These bonds
debt has shown
continuous re¬
a
y
of
issue
to be used for a
are
post-war project.
:YY,/y
?YvY.
At June 30, 1932, which was the
peak, the outstanding debt of the
local unts of government of North
Carolina was $362,000,000.
This
*
$30,000 bonds will be submitted to
the voters at the State primary
election to be held oil May 8.
retirement system
ably with any
in the nation. ■'
Cleveland, Ohio
Election—An
Bond
We
teachers and State employees.
.
v
Bond
Offering
City
Agnes
Brown
receive
sealed
bids until
noon
(EST) on
Jan. 10 for the
000
2%
purchase of $500,electric light extension
bonds,
yy/-Yy/y\
y
.
bonds.
airport
400,000
June
1
and Dec.
Due on
1 from 1947
Bond
Possible—The
Issuance
Council has passed ordi providing for the-follow¬
ing 2% bond issues aggregating
$1,041,950;
City
nances
will
inclusive.
1963
to
A-O.
In¬
Bidder may name
a
different rate of interest, express¬
ed in a multiple of V2 of 1%; A
certified
check
Each issue will be dated Jan.
1,
Principal and interest (J-D)
1946.
payable at the National City Bank,
Marion.
,
$300 is re¬
North Canton, Ohio
Legality
approved / by
T Bond Offering — Lester L.
Sanders & Dempsey of
Braucher, Village Clerk, will re¬
Cleveland.
/;/;
,
v ■ ceive sealed bids until noon on
Finneytown Local Sch. Dist., Ohio Jan. 11 for the purchase of $6,500
Bond Offering—Lester Bauman,
Clerk of Board of Education, will
receive sealed bids
until
noon
on
purchase of $85,000
construction
bonds,
ma¬
turing Sept. 1, as follows: $3,500
from 1947 to 1968 inclusive, and
$8,000 in 1969.
Y'/y
Yy'
improvement equip¬
ment bonds. Dated Nov. 1, 1945.
3 % Y street;
1
'
r
000 in
1950 inclusive.
to
.
This issue was
-
originally scheduled to have been
sold
1"
Hillsboro, Ohio
Due Nov. 1, as
Dec. 7.
on
„
-
;
-
>
School District, N. Dak.
Sale—The $50,000 1 %%
Williston
Bond
refunding of
for
sale
Dec.
on
£126—were
1946
offered
162, p.
bonds
31—v.
awarded
as
follows:
$25,000 bonds to the First National
Bank, Williston.
bonds
'
1
- *
Denomination
'are
due
1947
to
American
the
to
Williston.!
State Bank,
V A
$1,000. These bonds
$10,000 on Jan.
1951, inclusive.
from
1,
Y./Y
than par and accrued interest.
bids must state the
number
bid ' for
bonds
'.J'"': -W
Offered—The
received
sealed
of
gross
All bids must be made in
terest.
basis of about 1.33%.
Dated Dec.
15, 1945 and due Dec. 15, as fol¬
$2,000 in 1947 and 1948, and
lows:
the form of blanks which will be
application to the
City Clerk. Anyone desiring to do
so may present a bid or bids
for
these y bonds
based
upon
their
bearing a different rate of interest
than
District
bids
until
on Jan. 4 for the purchase
$26,000 6% school bonds. Dated
Jan. 4, 1946. Due Sept. 1, as fol¬
lows: $1,000 from 1947 to 1957 in¬
clusive;
$1,500 in
1958; $1,000
from 1959 to 1970 inclusive, and
$1,500 in 1971.
Interest M-S.
ent rate of interest, expressed in
multiple of y* of 1%. A certi¬
check for $2,500, payable to
of the Board of Education,
a
fied
order
is
/
Ohio
on
specified
of interest
shall
tiples
be
a
is bid such frac¬
V\
of 1%
thereof,
/ Split
will not be considered.
opinion
Dempsey,
provided,
fractional
above,
however, that where
or
mul¬
rate bids
Approving
of Squire,
Sanders
of Cleveland, will
&
be
past week but our
indices remain
unchanged from a week ago be¬
of the fact that, beginning
cause
terest in
and paid for by the
These
Bonds
were
authorized
at
the
Nov. 6, 1945, general election and
Were originally
sold
on
scheduled
Dec.-21.'
to
be
:
.
Bradford Local Sch. Dist.,
Ohio
Bond Offering-—A. I. Brubaker,
Clerk of Board of Education, will
;
receive sealed bids until noon on
Jan. 7 for the purchase of
$28,-
certified
check
for
1%
of
the
T"''■'■ ~.="
Delaware City Sch. Dist., Ohio
Bonds
Offered—Jean
Virtue,
District
bids
Clerk,
until
noon
received
on
multiple of
bonds
the
of 1 %.
authorized
sealed
Jan. 3, for the
at the
1945.
Co., Stony Ridge.
check
fied
bid
for,
Enclose a certi¬
1%
for
payable
of
to
bonds
the
the
Clerk-
,
purchase of $330,000 2
coupon
building bonds.
Dated Jan. 1,
1946. r Denomination $1,000. -Due
$15,000 on,Nov. 1 from 1947 to
Bonds were au¬
thorized at the Nov. 6 general
election and are payable from un¬
1968, inclusive.
a
are
general election on Nov. 6,
Principal and interest pay¬
TV' able at the Farmers Savings Bank
bonds bid for, payable to the City
Treasurer.
election
an
Bond
11.
Dec.
on
Hobart, Okla.
Election—At an
election
improvements, $13,600 fire trucks y
other equipment, $7,000 air¬
and
port hangars and equipment.
:: :Y'\ Y Muskogee, ■ Okla. y
,Y Y y YY .■ Y
Bond Offering—R. L. Davis, y
City Clerk, will sell at public auc¬
tion at 8:30 p.m on Jan. 14 an
issue of
$90,000 /War / Memorial
Building bonds. Due $11,000 from y
1949 to 1955 inclusive, and $13,-
;■:,
,:
000 in 1956..
Award will be made
bidder
the
to
,
offering the lowest
rate of interest.
Issue
was
author¬
ized by the, voters at an election
Dec. 21.
1
Oklahoma (State of)
Revenues—Collections
„
//Tax
by
the Oklahoma tax commission for
the
first five months of
the cur-/
rent fiscal year
totaled $35,812,787
for a gain of $9,065,060, or 33.89%
compared Y with
the y preceding |
year,
- Collections / in
November
lected in November last year.
Y:,Y:;t
All major sources of revenue/ r
tax
excepted, showed in¬
in both the November and
creases
Cleveland.
.
Bond
Sale
y
Details—The
$8,000
;,
months
comparisons.
The
yield from income taxes was down Y
last
23.67%
month
10.35%
and
y
:
November figures showed gaso¬
line and sales tax
number K
collections, the
and
one
two
revenue
up
Revenue
from the
fiscal
new
y
produc¬
82.93%
last
gross
tion/levy was up
month, 36.15 since
the
"
•
67.44 and 14.23% respectively while for five months
the figures were 56.10 and 9.84%.
sources,
?
the
year.
start
The
of
yield
from cigaret
and beverage taxes
43.93 and 299.24%
in
increased
November
and
respectively
40.04
in
and
295.67
five-month Y;
the
totals.
The gasoline tax yielded $10,Y
933,976 in five months with November
;
Figures
contributing
$2,276,756.
for other major: sources Y
showed
the
:
following November
Y
J
and five months collections: Sales
$1,915,085
and
$8,824,336;
gross production,
$1,028,434 and :
$4,459,643; cigaret, $534,773, and
$2,794,875, and beverage, $469,188 and $2,317,926.
tax,
bonds awarded re¬
Oklahoma City Sch. Dist., Okla. f
ty:;:/; Millbury), Ohio,,
/
''
cently to the City Bond Retire¬
Bond Offering—N. L. George,
Bond Offering—J. H. Pinniger,
ment Fund, were sold as 2s, at a Clerk of the Board
of Education,
Clerk-Treasurer of Board of Edu¬
price of par, and mature $1,000 will receive sealed bids until 4
cation, will receive sealed bids on Nov.
1, 1947 to 1954.
p.m. on Jan. 8 for the purchase
until 7:30 p.rnl on Jan. 11 for the
of $1,500,000 school bonds. These
South Charleston, Ohio
purchase of $385,000 2% school
Bond Offering—Harry Wilhide, bonds are due $85,000 in 1949 to
site
purchase and construction
1965, and $55,000 in 1966. These
bonds. Dated Jan. 1, 1946. Inter¬ Village Clerk, will receive sealed
bonds will- be sold to the bidder
est
A-O.
Denomination $1,000. bids until 7 p.m. on Jan. 7 for the
water offering the lowest rate of inter¬
Due $8,000 April and Oct. 1* 1947 purchase of $30,000
est and agreeing to pay par and
to 1952, and $8,000 April and $9,- works bonds. Dated Jan. 1, 1946.
Due $1,000 accrued interest. Enclose a cer¬
000 Oct. 1, 1953 to 1969. Bidders Denomination $1,000.
tified check for 2% of the amount
on March 1 and Sept 1 from 1947
may bid for a different rate of in¬
furnished to the successful bidder
Enclose
at
street paving
noon
a
general election. The bonds will
bear approving legal opinion of
Squire, Sanders & Dempsey of
Sandusky, Ohio
Township Sch. Dist. (P. O.
of
City.
voters
municipal market during the
required.
Lake
of
for the cumulative total.
ported
offered DeCi
3127—was awarded
J. A. White & Co., Cincinnati*
1V2S, at a price of 101.81* a
p.
f
tion
Bonds
the
and
All
amount of the bid and accrued in¬
rate
Bainbridge Local Sch.Dist. (/*, O.
Chardon), Ohio
Yy:.
Clerk
less
not
furnished upon
*
25,000
for
issue
$60,000 pumping station and pipe
line bonds was rejected by the
Co., Cincinnati, re¬
Jan. 2 as follows:
Demand continued strong in the
J. A. White &
162,
.
bidder
Defeated—An
five
-
best
Dewey, Okla.
Y
Ohio (State of)
Demand For Bonds Continues—
$3,000 from 1949 to 1975 inclusive. this week, they represent the bid
$248,919,- fund NO. 33 bonds. ; Dated Feb.
Callable oh Dec. 15, 1960. Second side of the market for 1956 ma¬
1,1946. Interest M-N. Denomina¬
000, and 28 cities and towns, and
high bid of 101.77 for.l^s was turities, instead of 1955, since our
£0 counties, and one sanitary dis¬ tion $1,000/ Due Nov. 1, as fol¬
made by Fox, Reusch & Co., Cin¬ indices are based on 10 year ma¬
trict have set up capital reserve lows: $27,000 in 1947 to 1950, and
turities (of 4% bonds) in all cases.
/,
:'Y" 1
>; y
funds of $4,358,700 from surplus $28,000 in 1951 to 1964.
All, or cinnati..^
.The yield on 20 Ohio bonds is
funds on hand for the purpose of any part, of said bonds shall be
Jackson Local Sch. Dist., Ohio
1.28%, on 10 high grade bonds
meeting the cost of needed im¬ callable in the inverse numerical
Bond
Offering — Katherine
142%. and on 10 lower grade
order at par, plus accrued inter¬
provements and equipment.
Goldhart/ District Clerk, will re¬ bonds 1.44%.
est on Nov. 1, 1950, or on any in¬
ceive sealed bids until noon on
CrSanford, N.
terest date thereafter, on notice
/ Orange Local Sch. Dist., Ohio y
Jan. 8 for the purchase of $250,000
Bond
Election—An
issue
of at least 60
Bond Issuance Pending—No-ac¬
days prior to date of
3% building bonds. Dated Jan. 15,
$100,000 water works bonds will redemption. Said bonds are to be
tion has been taken with respect
1946.
Denomination $1,000.
Due
be submitted to the voters at the in
coupon form but may be reg¬
to offering of the $480,000 school
$5,000 on April 1 and Oct. 1 from
election to be held on Jan. 8. ,yY istered as
provided by law.
Said 1947 r to 1971 inlusive.: Interest building,y site Y and
equipment
bonjfls are to be sold to the high¬ A-O. Bidder may name a differ¬ bonds authorized at the NoV. 6
NORTH DAKOTA
and
Dec. 27*
on
^^y'^^yZ/^^OKLAHOMA
income
"Tr
works bonds
as
:
others $1,000
follows: $2,- reached
$7,071,739 for a gain of
1947* and $1,500 from 1948 45.42% over the
$4,863,037 col¬
bond for $500,
One
each.
Bond Sale—The issue of $85,000
to
of
issue-
bonds
amounting to $2,775,000 was de¬
^
coupon
Defeated—An
construction and equipment
on
.
quired.
Squire,
Jan. 25 for the
City Sch. Dist., Ohio
for
duction and today it is
est
//Bonds
\.y-/Y'Y
•
:
Zanesville
.
Board of Education,
is required.
consider the following bond issues:
$81,400 water works and sanitary
bonds.
■
1960
order of the
sanitary sewer/system
One bond for $950,
and
V"
;
of
a
scheduled for Jan. 8 the voters will
disposal
sewage
,
terest
Bidder may name a dif-
rate
interest, expressed
multiple-of-V4 of 1%. A cer¬
tified check for $2,000, payable to
in
plant
$641*950
sealed bids until 6 p.m. on
from
ferent
Bonds
'/ others $1,000 each.
Due as
receive
Jan. 11 yY,/ follows: $12,950 on June 1 and
for the purchase of $15,000 3% ■;yy: $13,000 on DCc. 1, 1947; $12,fire engine and equipment bonds.
000 June 1 and $13,000 Dec.
Dated
Jan.
1, 1946.
Denomina¬
1, 1948 to 1955 inclusive; $13,000 June 1 and Dec. 1 from
tions $1,000 and $500. Due Oct. 1,
1956 to 1971 inclusive.
as
follows: $500 in 1947; $1,000,
1948 to 1950 inclusive; $500, 1951;
400,000 airport bonds. Denomination $1,000.
Due $10,000 on
$1,000, 1952 to
1954 inclusive;
: June
1 and Dec. 1 from 1947
$500,: 1955; $1,000, 1956 to 1958
to 1966 inclusive.
Y yYy.
inclusive; $500 in 1959, and $1,000
Township ■" Clerk,
est M-N.
to 1966 inclusive.
V
27—v.
will
—
Clerk,
Cain,
Y.
water
Columbus, Ohio
,,
from 1947 to 1971 inclusive. Inter¬
$641,950 sewer bonds. Due semifeated at the election
/: annually on June 1 and Dec. 1
:
from 1947 to 1971 inclusive. j'Z
.
;Y
,
Shaw,
City Auditor, will receive sealed
bids until noon on Jan. 19 for the
Jan. 12 for the
on
Y;{/.:-
yy'',
y
Marion, Ohio
Offering — Elmer
Bond
purchase of $100,000 not to ex¬
ceed
4%
interest coupon gym¬
Dated
constructed
possible common thought that the immi¬
without issuing any; bonds.
V
grants
come
chiefly from the
The Highway Fund is a special
rural hills of the South." It also
fund and all income is used for
indicates, according to the report,
debt service, administration, main¬
that migration to cities is becom¬
tenance and construction of roads.
ing more an interchange between
The net highway debt is $33,540,cities rather than a movement of
142.94, and we have a cash bal¬
people from the country to the
ance in this fund of $52,158,030.91.
city.
We therefore
have much more
that new buildings be
noon
on
1955.
Clerk, will receive sealed
bids until
1, 1945, and mature
Dec. 1 from 1948 to
inclusive.
Optional Dec. 1,
Dec.
1974
Delphos City Sch. Dist., Ohio
Bond Offering—Oris Sawmiller,
'
nasium
Assembly and it was invested in
bonds and no part of it can be
spent
1, 1945.
have a $20,000,-
we
post-war reserve fund.
This
set up by the 1943 General
000
Denomination $1,000.
81,000 on May 1 and Nov. 1
Dec.
both
debt,
improvement bonds. Dated
000 3%
the
retire
to
Fund
General
whole
of
amount
an
sufficient
money
Monday, January 7, 1946
Treasurer.
Lewisburg, Ohio
;
1
.y
Bond Sale—The $30,000 coupon
water
works- mortgage
bonds offered Dec
3127—were
Sutherland
price
of
awarded '
&
Co.,
101.19.
revenue
28—v.
162, p.
to ' Ryan,
Toledo,
The bonds
at
a
are
to
inclusive.
1961
name
a
Bidder
may
bid.
expressed in a multiple of
1%. A certified check for 2%
the
bonds bid for, payable
order of the Village Treasurer,
required.
District Clerk, will
bids until noon on
Bonds Voted—An issue of $48,000 school
chase
receive sealed
Jan. 14 for the
purchase of $100,000 not to
3% interest school bonds.
Jan. 1,1946. Denomination
Due $2,000 on May 1 and
exceed
Dated
$1,000.
Nov. 1
building and bus
bonds
was
at
an
election
on
.
'
Seminole
Bonds
Sch*
pur¬
authorized
' ■ *
the voters
18.
Washington Township Local Sch»
Dist. (PrO. Dublin), Ohio*
Bond Offering—H. A. Termler,
Y'.-Y
.
Perry Sch. Dist., Okla.
of
of
to
is
;
.
different rate of interest,
by
DecY
■
.
■
Dist.,.-Okla.
Sold—The
.
$40,000
3%
school construction bonds author¬
ized by the voters at an election
on Nov. 15 were sold recently..
f
-
'
Tulsa Sch. Disi.,<Oklay
Bond - Offering—Sealed /
will be
received
r
;
bids
by the Clerk o£
YT
'/.
THE COMMERCIAL & FINANCIAL CHRONICLE
163 'Number 4453
.Volume
Education until Jan.
the Board of
purchase of the $4,500,000 school construction bonds au¬
thorized by the voters at the Dec.
4 election. The bonds will be in
denomination of $1,000 and ma¬
ture $250,000 annually from 1949
to 1966 inclusive.
30 for the
J
Salem, Ore.
Bond
Election—An
of
issue
$125,000 improvement park bonds
be submitted to the voters at
will
Tenn.
$12,500 public
purchase of $310,000 bonds. These
the election to be held on Jan. 11.
$14,000 in
$16,000 in
$18,000 in
$25,000 in
1953, $15,000 in 1954,
1955, $17,000 in 1956,
health center bonds offered for
1957, $22,000 in 1958,
$135,000 Water Works and Sewer
sale on Oct. 30 were awarded to
1959, $26,000 in 1960,
System Revenue bonds. Due
the Hermitage Securities Co., of
$2,000 in 1947 and 1948, $3,^ $35,000 in 1961 and 1962, $36,000
in 1963, and $38,000 in 1964, Bid¬
Nashville, as l^s, at a price of ;v 000 in 1949 and 1950, $4,000
100.40, a basis of about 1.436%.
in 1951 and 1952, $5,000 in ders to name the rate of interest
1953 to 1956, $6,000 in 1957 in
multiples of */4 of 1%, for
Jackson County (P. O. Gaineswhich a bid of not less than
to 1964, and $7,000 in 1965 to
par
V'1
1
boro), Tenn. 44
and accrued interest is offered,
1971. ..v..
v
Bond Sale Details—The $33,000
84,000 Sanitary Sewer System not more than two rates will be
memorial building bonds awarded
Each bid shall show
bonds. Due $4,000 in 1947 to considered.
on
Oct.* 1 to the Hermitage Se¬
1950, $1,000 in 1951 to 1954, the net inteerst cost to the Dis¬
curities Co., of Nashville, as iy4s,
$3,000 in 1955, $2,000 in 1956, trict from Feb. 1, 1946, to final
at a price of 100.33—v. 162, p. 1943
V $4,000 in 1957 to 1959, $5,000 maturity.
Principal and interest
—mature on Oct. l, ,as follows:
in 1960, $2,000 in 1961, $5,000 payable at the office of the State
$7,000 in 1947 to 1949, and $6,000
in 1962 to 1964, $1,000 in 1965 Treasurer. The District will fur¬
in 1950 and 1951* Net income basis
and 1966, $5,000 in 1967 to nish the printed bonds, a copy of
of about 1.162%.
1969, and $4,000 in 1970 and the proceedings, the • approving
Nashville, Tenn. '
1971.
opinion of Gibson & Gibson, of
Bond Offering—W. M. Carr, Jr.,
45,000 Sewerage Disposal Plant Austin, and will deliver the bonds
City Clerk, will receive sealed
bonds. Due $1,000 in 1947 to at the Mercantile National Bank,
bids until 7:30 p.m. on Jan. 15
1956, $2,000 in 1957 to 1960, Dallas, or the Republic National
for the purchase of $1,750,000 not
If delivery is
$1,000 in 1961, $2,000 in 1962 Bank, of Dallas.
to exceed 3% interest bonds, as
r/ ; and 1963, $3,000 in 1964, $1,- made at any other bank, at the
follows:
000 in 1965 and 1966, $3,000 request of the purchaser, it shall
;4":4 v,4 4;- Nv-Vx'
Bond
Sale—The
bonds
are
described
as
follows:
County (P. O. Pittsburgh), Pa.
Expansion Planned—
Allegheny
,
Airport
plans drawn up by the
Allegheny
county
department
of aviation, the Pittsburgh district
will have an airport costing $20,Under
000,000 and covering 1,500 acres.
The
field will be turned back to
county authorities by the army in
the spring*
The army has spent
"
,
Works
in 1967 and
1945
June 1, as fol¬
lows: $8,000 in 1950 to 1954,
$9,000 in 1955 to 1959, $10,000
in 1960 to 1964, $11,000 in 1965
to 1969, and $12,000 in 1970 to
$250,000 Water
bonds.
Due
:
of
,
,
1
—
-
■^;-44',
..
1,500,000 Street, Alley and Sewer
airport will be
:
of 1945 bonds.
Due June 1,
constructed to permit two planes
as follows: $50,000 in
1950 to
to land simultaneously, will pro¬
vide landing and take-off facil¬ :y4v; 1954, $55,000 in 1955 to 1959,
444 $60,000 in 1960 to 1964, $65,ities for 30 planes an' hour and
000 in 1965 to 1969, and $70,will
include fog landing equip¬ ;
; 000 in 1970 to 1974.
These
ment on the east-west runway.1
North East Township Sch. Dist.
(P. O. North East), Pa. 444'
Sale—The $38,000 school
Bond
bonds offered for sale on Dec. 20
162, p. 2998—were awarded
Singer, Deane & Scribner of
Pittsburgh, as l%s, at a price of
100.77," a basis of about 1.309%.
Dated Dec. 1, 1945.
Denomina¬
—v.
to
tion
These bonds are due
$1,000.
$2,000 from 1949 to 1967.
The
next highest bidder was Moore,
Leonard & Lynch, for 1.40s, at a
price of 100.15.
'
•
■''4"-4;';■r 1 |
Approved—An
nion, S. C.
second lien
of $112,000 2%
issue
water'"works
system revenue bonds has been
approved; as to legality by Huger
Sinkler, of Charleston. The bonds
will be dated Dec. 1, 1945. Denom¬
ination $1,000. Due Dec41, as fol¬
lows: $11,000 from 1046 to 1953
inclusive, and $12,000 .in 1954 and
light
electric
Dated June
1, 1945. Denomina¬
Both issues are registerable as to principal and are
payable at the City Treasurer's
Office or the Guaranty Trust Co.,
of New York.
Separate bids are
tion
to
$1,000.
submitted
be
Bidders
rate
of
rates
or
for
each
requested to
are
interest
tiples of V* of 1%.
issue.
name
in
a
mul¬
The bonds of
each issue will be awarded to the
responsible bidder for such issue
whose bid ,, results ; in the lowest
*
Legality
Bond
bonds are part of an authorized issue of $3,000,000.
44'
interest, cost to
'f\,4
SOUTH CAROLINA
4444*
•
and
the
City without
the
consideration of premiums,
except in the case of bids other¬
wise resulting in identical inter¬
est cost.Both issues are payable
from
levied
be
to
taxes
limitation
to rate
as
or
without
amount
on
taxable
all
property in the City.
The City will supply the approv¬
ing opinion of Chapman & Cutler,;
65 Chicago.
reject
to
will-
any
The right preserved
and all bids. No bid
1971.
to
The Pittsburgh
-
amounting
Dated Jan. 1, 1946.
.
tion
$1,000.
These
Denomina¬
are
the bonds
authorized at the election held
on
nated
by
the
purchaser.
Water Works and
The
Sewer
System
special ob¬
ligation of the City payable, both
principal and interest, from and
secured by an exclusive first lien
Revenue bonds will be
1
2%
SOUTH
"
.4
New York City.
44
DAKOTA
Colman, S. Dak. j
Bonds
SoltL-The
$10,000.: 3%
sue
check, payable to the order of the
City Treasurer. It is anticipated
that the bonds - will be ready; for
■
delivery
Aug. 21, 1945, have been sold.
bonds are dated Sept. 1,
These
1945.
/■'-4 4
Alternate
Jan.
Election—At
an
the voters
15
election
will
con¬
sider an issue of $80,000 3% sew¬
disposal plant bonds. Denom¬
ination $1,000. Due Jan. 2, as fol¬
lows: $2,000
in 1948 and 1949;
age
$3,000," 1950 and 1951; $4,000, 1952
inclusive, and $5,000 from
to 1956
1957 to 1966 inclusive.
Lake
Citylndep. Sch. Dist., S. Dak.
Bond
$11,000
Election—An
funding
submitted
to
issue
bonds
the
election to be held
voters
on
will
at
of
be
the
Jan. 8.
will be considered
ternate
Dec.
Purchased—The
follow¬
ing bonds amounting to $230,000
price of par:;,v-'
five-year
option
on
each
" /.''
liver the bonds to the bank desig¬
nated
by
the
purchaser
without
for
$6,240, payable to the City.
Castro
County Rural High Sch. ?
98,000 Street Improvement, 2 %%
bonds.-Due April 1, 1956 to
1965.
Bonds
maturing 1961
Centervillev Tenn.
Bond Sale Details—The
3%
semi-annual
awarded
bonds
to
$75,000
Dist. No. C-l
(P. O. Hart), Texas
Bonds Approved As to Legality
—An issue of $25,000 2y4% and
bonds.
The
bonds
part of an
issue of $475,000 authorized by the
are
water
works
last
May to the
Corp., of
162, p. 2159—were
sold at, a
price of par. These
bonds mature on April 1, as fol¬
lows:
$2,000 in 1946 to
1955,
Cumberland
Securities
Nashville—v.
1945.
and
at
are
an
election
payable
on
Dec.
15
from
unlimited
No
additional
bonds will be offered for sale by
the
district for a period of 90
days.
The $375,000 bonds
interest
fered
are
•
*"■
•
Dated Oct. 1, 1945.
proved
Dallas."
„
$3,000 in 1956 to 1965, and $5,000
in 1966- to 1970, Dated April.. 1,
voters
1965, are redeemable on
15, 1955, or on any in¬
terest
payment date there¬
after
at
par,
plus accrued
Oct.
Bond
by
•
W.
•
P.
■;
Legality
Dumas,
7
p.m.
of
on
Jan.
ad
valorem
taxes.
now
of¬
dated Feb.
1, 1946. De¬
nomination $1,000. Due Feb. 1, as
follows:
Dated
Carthage, Texas
Offering—A. L.
Mayor, will receive
until
ap¬
,
v
Davis,
sealed bids
11
for the
.
oh
162,
p.
2999—were
syndicate composed
a
Freres
Van Ingen &
&
Co., B. J.
Co., C. F. Childs &
New York, Miller,
j400,000
Mullaney, Ross & Co.,
Wm. R. Compton & Co., Inc.,
R. J. Edwards,
Inc.,
Louis Pauls & Co.,
Texas Bank & Trust
•
, .
*
■"
*
^
Co., Dallas, and
Small-Millburn Co., jointly,
For $351,000, 2y4s, and
"
$1,017,000, iy4s
100.98
(Net interest cost 1.3318%.)
Iialsey. Stuart & Co.,
Stern Bros. & Co.,
First of Michigan
Corp.,
Martin, Burns & ": :' ■
Corbett, and
-
■
"
*
4 4
.
.
4
*
,
,
Fort Worth National
Bank,
4
Worth/ jointly,
'
$1,368,000, 1.40s
100.65
(Net interest cost 1.33207%.)
Fort
For
Union Securities
New
Corp.,
;
v
;
,
York,
R. W. Pressprich & Co.,
A. G. Becker & Co.,
Eldredge & Co., and
;
^
Milton R. Underwood & Co.,
jointly, 4.
,
:
■' .4 ..4:4;,:
.
: ;
For $351,000, 3
y4s, and
$1,017,000, 144s
—-100.049
(Net interest cost 1.352%.)
John Nuveen & Co.,
otis & Co., ; ■;
-vy.:-
4v/'".^
4..4
W. H. Newbold's Son & Co.,
Julien Collins & Co.,
'
4
R. A. Underwood &
4 44
41
'
,
tion
lows:
1948,
Feb, 1, 1946. Demonina$1,000. Due Feb. I, as fol¬
$12,000 in 1947,
$14,000 in 1949
$12,000 in
Street ; Improvement
Bonds. For $104,000 maturing
Feb.
.
•V.
$13,000 in
and
1951,- $13,000 in
1950,
1952,
.Associates,
vj'y >.
For $145,000, 3s, and 4
*
$1,223,000, 1.40s
—100.09$.
(Net interest cost 1.423%.)v4 •;
>
$22,000 in 1952,823,000 in 1953
■r
;
Ii'alsey, Stuart & Co., and
'if1.;
Associates, 4444i4;;44.V\ ;4
For $1,368,000,
l^s
100.111
(Net interest cost 1.4937%.)
;
1, $20,000 in 1947 and
1948, $21,000 in 1949 and 1950,
$22,000 in 1951, as 3^s,.;and
$296,000
maturing
Feb.
1,
and
1954, $24,000 in 1955 to
1957, $25,000 in 1958 and 1959,
$26,000 in 1960 and 1961, and
.
Union Securities Corp., New
York, and
$27,000 in 1962 and 1963, a?
44 ls.v.;., 44444•;
Associates,, •
;•
For $116,000, 4s, and
770,000
Drainage : Bonds.
For
$1,252,QP0,1 y4s
100.049
$200,000
maturing
Feb.
lr
$38,000 in 1947, $39,000 in (Net interest cost 1.5268%.)
;;;
1948, $40,000 in 1949, $41,000 Stranahan, Harris & Co.,
in 1950, $42,000 in 1951, as
Wc., and
3^s, and $570,000 maturing
Associates,'
For $525,000, l%s, and
.Feb. 1, $42,000 in 1952, $43,;
000 in 1953, $44,000 in 1954,
100.002
$843,000, l%s
■y
$45,000 in
1955, $46,000 in (Net interest cost 1.5493%.)
4 !; 1956, $47,000 in 1957, $48,000
Braun, Bosworth & Co., Inc., : ; 4
in 1958, $49,000 in 1959, $50,and Associates,
.h ;'
'
;
000 in I960; $51,000 in 1961,
For $116,000, 4s, and ';44;';4'4^444
:
$52,000 in 1962, and $53,000
$1,252,000, iy2s 4------100.038 '
in 1963, as Is.
(Net interest cost 1.5296%.) ' 4' 44,
Dated Feb. 1, 1945. Denomina¬
John Nuveen & Co., and
/
tion $1,000.
Other bidders were ■m. Associates, .'4
as follows:, -Vv.;.^ \
;
For $765,000, ls/4s, and
t
.
,
•
TENNESSEE
27—v.
Lazard
issue;
school bonds has been ap¬
$38,000 Electric Light and Power
System, 2 % % bonds. 4 Due proved as to legality by; W. P.
Dumas of Dallas. Dated Oct. 15,
Oct. 1, 1948 to 1955..
1945. - •
4
./ 4 44.4;
12,000 Electric Light and Power
System, .2%%- bonds.4 Due Cherokee County Road Dist. No. 1
Oct. 1, 1956 and 1957.'
(P. O. Rusk), Texas
444'4
30,000 Water Works; Improve¬
Bond Offering—James H. Per¬
ment, 2l/z% bonds.'Due Oct. kins, County Judge, will receive
15, 1955.
sealed bids until 10 a.m. on Jan.
52,000 Street Improvement, 214% 10 for the purchase of $375,000 not
bonds. Due April 1, 1947 to to exceed
3% interest coupon road
1955; ' '
:
Galveston, Texas
Sale—The following. (Al¬
A) bonds amounting to
of
bonds with
on
It is anticipated that
delivery can be effected by Feb.
20, 1946. Enclose a certified check
Caldwell, Texas
Bonds
„
awarded to
proposals 4;„
cost to him.
were
; purchased
recently ■ by
Crummer; & Co.,, of Dallas, at a
Freeman, S. Dak.
Bond
on
*
,
about Feb. 1, 1946.
4;>
semi-annual, water system bonds
authorized at the election held
on
on or
/;
$1,368,000 and offered for sale
for the Tax bonds will not be
bonds, a copy of proceedings, the
approving opinion of Gibson &
Gibson, of Austin, or Chapman &
Cutler, of Chicago, and will de¬
able at the Chase National Bank,
.
.
Bond
The City will furnish the printed
by each bidder for such is¬
in the form of a certified
February.
or
%
'
.
made
of
be
elec¬
•<'*
"Co., Kansas City,
Illinois Co., Chicago,
,
be accepted for less than par, considered;
deposit in the amount of 2%
will
an
Goldman, Sachs & Co.,
City National Bank & Trust
——
the amount of each issue shall be
on
(Net interest cost 1.2894%.)
Harriman Ripley & Co., Inc.,
Co.,
'
<r
Weil, Roth & Irving Co., '
011 and pledge of the4 revenues of
*
.
Boettcher & Co., and
Co., both of
*
the; City
Water's
Works, and
Kenower & Co., of Detroit, Ditt- Dallas Union Trust
Co., .444;.;
Sewer System after deduction of
mar & Co.,' of San
Antonio, and
Dallas, jointly,
4 .4;4:,;.
reasonable operation and mainte¬
the J. R. Phillips Investment Co.;
For $908,000, 1^4s, and
4 • ;
nance expenses.
No part of prin¬
of Houston, at a price of 100.0955,
$460,000, iy4s
100.051
cipal and interest of the issue will
a net interest cost of 1.1945%:
(Net interest cost 1.36%.)
be payable- out of funds to be
raised by taxation. It is the in¬ $83,000 Sewer System Bonds. For Stranahan, Harris & Co.,v
tention of the City Commission
Inc., : v
y
$20,000 maturing $4,000 Feb,
;J'
to sell the bonds at the lowest in¬ ; V 1, 1947 to -1951, as 3%s, and G. H. Walker & Co.,
;.
4 "1
terest cost that will bring a price
$63,000
maturing
Feb.
1, A. C. Allyn & Co.,
.V?;v.:.'.v4v
' >
of
$4,000 in 1952 and 1953, and Commerce Trust Co., 44444'4 4
approximately, but not less
Kansas City, '■. '
$5,000 in 1954 to 1964, as Is.
than,7 par and accrued interest.
:444444-*'
Bidders are required to name the
115,000
Water
Works
System Allison-Williams Co., and
Bonds. For $27,000 maturing R. N. Eddleman & Co.,
rate or combination of two rates
with their; bid which is nearest
Feb. 1. $5,000 in 1947 to 1949,
jointly, •4
;4.4;
For $908,000, iy2s, and
par
and:;; accrued interest.
;
Any .y;;, $6,000 in;,1950 and 1951 as
rate or rates named must be in
;••••• 4 3y2s,4 and>.. $88,000
maturig
$460,000, iy4s
100.002
Feb. 1, $6,000 in 1952 to 1956,
(Net interest cost 1.3671%.) 4
multiples of Vs of 1%. Bids speci¬
4,
4
$7,000 in 1957 to 1962, and
fying interest at a rate more than
For Alternate B Bonds :
3%
for the Revenue bonds and
$8,000 in 1963 and 1964 as Is. Lazard Freres 8c Co., and
subsequent
interest
date.
Principal and interest"(J-D) pay¬
deemable
any
$3,000,000
tion to be held either in January
Principal and in¬
terest payable at a place desig¬
and accrued interest. A good faith
No's.
Dec.
to
submitted to the voters at
Sept. 21, 1945.
56 to 112 re¬
1, 1950, or on
Bonds
1955.
■
be at the purchaser's expense. De¬
1969, and $4,000 in
1970 and 1971.
livery expected on or about Feb.
1946.
Enclosea
certified
46,000 Street Improvement bonds. 10,
check for $7,500, payable to the
Due $1,000 in 1947 to
1956,
;4.44:''4 ■'■'
$2,000 in 1957 to 1960, $1,000 District.:. 1
in 1961, $2,000 in 1962 and
Dallas County (P. O. Dallas),
1963, $3,000 in 1964, $1,000 in
4,4 ■Texas
"■
1965 and 1966, $3,000 in 1967
Bond
Election
Planned
An
and 1968, and
$4,000 in 1969 issue 4 of
court
house
bonds
$5,300,000 in construction of three
t'
runways and other facilities. The
;
county will spend $15,000,000 in
lengthening the runways, and in
;44 1974. These bonds are part of
building new runways, hangars,
r
an authorized issue of $500,main buildings and other facil¬
000.'
'
ities;
Co., Little Rock, and
Kennedy & Co.,
'
jointly,
-•
For $209,000, 244s, and
$1,159,000, lV4s
100.016
F. Brittain
.
.
PENNSYLVANIA
W. R. Stephens Investment
^
■
OREGON
vs'
Gallatin,
119
.
,,
-
,
.
Bidder
Price Bid
For Alternate A Bonds
Phelps, Fenn & Co.,
:
; 444'
Glore, Forgan &
4 \
Paine, Webber, Jackson
/
& Curtis,
";4''
Z%['\
Kebbon, McCormick & Co.,":-'-4:-';;
Chas. B. White & Co., and 4
Ranson-Davidson Co.,
jointly,-:
vFor $1,368,000, J>,4s
.100.10
(Net interest cost 1.238%.)
'
& Trust Co., St.'
Milwaukee Co.,
Mosle &
Moreland,
Louis,
' 1
;
-
'■ ■■ r'' -!
r
Harriman Ripley &
Co.,
.
, u
4
r
.Inc., and
'
"
.Associates, '
;;44"44-:■"
For $959,000, 1.70s, 4:444;44; ;4:'4 4'
$294,000, l^s, and
:;4y 444-''- 414;
SI 15,000, lUs
101.31^
(Net interest cost 1.5965%.)
.
,
.
..
^
Jefferson County Road
4
(P. O. Beaumont),
Other
Braun, Bosworth & Co., Inc.,
Mercantile-Commerce Bank
$603,000, iy2s
-.4U00.02t:
(Net inteerst cost 1.59%.)
:
Texas
^4
Bids—The $275,000 road
bonds awarded Dec. 20 to a group
of Barcus, 'Kindred &
Co., of Austin, Chas. B. White &
Co., and J. Wyllie, Harris & Co.,
composed
.
Dist. No. 2
--
THE COMMERCIAL & FINANCIAL
120
both
of
Houston,
l^s,
as
at
15,000 Street, 2%% bonds. Due
April 1, as follows: $1,000 in
1949 to 1953, 1955 to 1958, and
a
price of 100.0048, a basis of about
1.249%—v. 162, p. 3247—were also
bid for as follows:
p
10,000 Water Works, 2y2% bonds.
Due April 1, as follows: $1,000
in 1949 to 1954, and $2,000 in
1955 and 1956.
v
Trust Co.,
Dallas Union
Dallas, and
McClung & Knickerbocker,
jointly,
:'VP' '^P/,;v
For $107,000, V/zS, and
Columbian Securities Corp.,-
/
&
1
!
;
Co., jointly,
\
American National Bank,
Beaumont,
For
iy2S-——100.25
$275,000,
47,000 Sewer Revenue 3% bonds.
Due April 1, as follows: $5,000 in 1956, and $6,000 in 1957
to 1963.
Bonds maturing in
1960
to
1963, are
optional
Co.,
Rauscher, Pierce & Co.,
-PvP and
I
A-O.
& Co.,
,,S
■.
jointly,
;
' ■
..400.02
$168,000, iy2s
Robert Mclntyre Co.,
First of Texas Corp.,
*
162,
Antonio, jointly,
/
:
$135,000, 13/4S, and
For
"
.
are
Dewar, Robertson &
Pancoast, and
B. V. Christie & Co., jointly,
J. Edwards,
.
x
000
Inc.,
and
P y.
jointly,:
For $163,000, 2s, and
y ■'
$112,000, iy2s ———100.006
Moss, Moore & Co.,
Dallas Rupe & Son,
V:
St.
,McAllen, Texas
Z
x
—
Alexandria, La.
Brownsville, Tex,
V Chicago, 111.
Clackamas County, Ore,
Fayetteville, N, C.
Fort Smith, Ark.
—
Montgomery, Ala.
Providence, R. I.
V Providence, R. I.
College Dist.,
McAllis¬
of the
Puerto
Trustees, will receive sealed
construction
plan was attacked in the courts
by the Rio Grande Valley Gas Co.,
which operates a gas system in
i le City under franchise granted
..
Rico
nomination $1,000.
y the
by the City. The
asserted that the bond
company
company
-"constitutes
issue
a
easements,
plaintiff's
cloud
on
and
titles
bonds, not exceeding 2% in¬
Dated Dec. 15, 1945.
De¬
pon
y
.v
•:y
J,-yy y'.
\ V ,.yv
San Saba,
Election
Bond
issue
of
pyMt. Pleasant, Texas
ing
*
bonds amounting to $200,000
■vyere
tyef
.
^
follow¬
Purchased—The
Bonds
:\
purchased recently at a price
par,
by C. N. Burt & Co., of
will
voters
at
1955
and 1956.
35,000 City
:
plant
purchase
the
election to be held
submitted
be
an
to
Spearman, Texas
bonds
Nos. 5, 13, 27 and 28, 61,
74, 82, 111, 125 and 172 are called
for payment on Feb. 1, 1946, at
par and accrued inteerst, at the
of 1938,
First National Bank of Dallas.
Waller County
Consolidated Road
Hempstead),
in
T exas
Bond
Sale—The
2%%
Hall,
bonds,
$500,000 road
bonds offered for sale on Dec. 31
162, p. 3128—were awarded
syndicate composed of Braun,
& Co., Inc., City Na¬
tional Bank & Trust Co., of Kan¬
1959 to
1961, and $7,-
to
a
Bosworth
Co., and
000 in 1962 and 1963.
yC /■ the First of Texas Corp., both of
24,000 City Hall, 3% bonds. Due San Antonio, at a price of 100.067,
12,000 April 1, 1964 and 1965. a net interest cost of 1.415%, as
for
Optional April 10, 1956.
y follows:
$262,000
maturing
sas
City,
E.
J.
& Trust Co., St. Louis,
Roe
Public participation in
the tem¬
financing of the USHA
program which is now being ad¬
ministered by the Federal Public
Housing Authority with all the
powers, duties and functions for¬
merly exercised by the USHA,
porary
jointly
&
Schmidt, Poole & Co., and
Tripp & Co.; joiritly—..-4109.600
y2-25-47
Blyth & Co.,
Kidder, Peabody & Co.,
E. S. Dickson & Co., and
Stein Bros. & Boyce,. .■* /
y
i jointly
- —!
^
4.109.102
Lazard Freres & Co.,
2-25-47
'
8-27-46
2-25-47
*
.
11-26-46
-
4-471
3-
E. H. Rollins & Sons, "
2-25-47
2-25-47
Scott & Stringfellow/
Gruntal & Co.,
2-25-47
Campbell, McCarty & Co.,
?? 8-27-46
and
engaged in war activi¬
of the development
of funds
the
to
of: said
issuers
loans
public
through
all, $2,098,921,000
been placed
have
competitive
sale.
upon
their filing requisitions and com¬
Loan
The
Contract.
Loan Notes
are
Temporary
issued in order to
vanced to it with accrued interest/
With the
the
cost
remainder, it will/meet
of
construction
its
of
y
Principal features of these note
issues
of
,
r
are as
follows:
one
by
or
are
obli¬
pursuant to the laws
of the States and
housing projects.
—
engaged
low-rent
of
"
1 he
Federal c Public
■
Housing
Authority
(herein, called ;the
FPHA)
has- entered into Loan
;y>:y yj' ' yy; yvy^;ant*
Contracts
MARKET LETTER WRITER
with the issuers
to
sist their development of the
as¬
proj¬
ects by loans in amounts equal to
90% (or, in the case of projects
Specializes in ferreting out and concise reporting on
VIRGINIA
-
UNDERVALUED SECURITIES
k
CERTIFIED PUBLIC ACCOUNTANT
Box
No.
W
17, Commercial & Financial Chronicle
25 Park
Place,
"New York 8, N. Y.
,
Scott, Horner & Mason,'; :
Otis: &
Cb.,
y,-vv/y-y$
Co.,
'
Bioren & Co., and
C. F. Cassell 8c Co.,
■jointly
.108.576
Harriman Ripley & Co., Inc.,
Smith, Barney & Co.,
•
First Boston Corp.,
1
R. W. Pressprich & Co.,
John Nuveen & Co., and
G. H. Walker &t
obtain the
,
project, or to;' refund, renew, or
exted outstanding notes. The plan
is
to
borrow
WASHINGTON
)>^Pa*co^Wash^/±
Bond Sale—The $20,000 water
others
from
funds
Alexandria, Va.
: Bond
Sale—The $1,500,000 2%
coupon public improvement and
refunding bonds. offered. Dec. 27
—v.
162, p. 3128—were awarded
to
the advances to be made by it un¬
der the Loan Contract.
.
,
Plan and Purpose of Financing
MANAGER of STATISTICAL DEPARTMENT
Co.,
^-*.109.02
Shields & Co.,
than the FPHA in anticipation of
FPHA-aided projects,
created
as
i{
7
in: the -development
be available
,
'
■
participation of private Burke & Herbert Bank &
Trust Co., Alexandria,
; :
loan notes sold, about $1,869,703,capital in the development of the
jointly
.108.309
000 have been retired and there projects and to reduce the carry¬
Bankers Trust Co.,
are now outstanding approximate¬
ing charges of the issuer by the
New York,
- •
' ' ly $229,218,000.
With part of the sale of short-term notes bearing
funds thus obtained, each Local interest at very much lower rates Folger, Nolan & Co.,
Mackubin, Legg & Co.,
Housing Authority will retire its than the FPHA is permitted to
maturing Temporary Loan Notes, charge. . The proceeds of these Hannahs, Ballin & Lee, and
if any,
and will repay to the notes are used to pay costs in¬ Peoples National Bank,
Charlottesville, j ointly
107.542
FPHA
all
moneys already
ad¬ curred in the development of the
Of this total amount of temporary
gations of local public bousing
agencies (the issuers) which are
public bodies corporate and politic
will
;
'
,
jointly
plying with the provisions of the
In
The Issuers—The notes
ANALYST
-
2-25-47
.
SECURITY
,
8-27-46
ties'
notes.
-
F. W.Craigie & Co.,
"
y 2-25-47 '}
on
these notes
^
Banki Chicago,
initiated about five years ago,
with the first sale of local authori¬
of
'i
Coffin & Burr,
agreed that prior
to the issuance and delivery to it
of definitive bonds, it will make
account
>
-
2-25-47
FPHA has
advances
r
Harris Trust & Savings
costs. Under these Loan Contracts
the
»
.
'
E. Lowber Stokes &
for persons
ties
100%)
;
'
^
Blair & Co., Iric.,
Estabrook & Co.,
11-26-46
1,258,000
492,000
-L 105,000
.
Mercantile-Commerce Bank
Halsey, Stuart & Co.,
Maturity
650,000
1,394,000
-
—.
was
Bonds Called—Refunding
—v.
Due April 1, as follows: $2,000
in 1957, $4,000 in 1958, $5,000
Texas
Planned—An
Dist. No. 7 (P. O.
$11,000 City Hall, 2%% bonds.
Due April 1, as follows: $1,000
in 1948 to 1954, and $2,000 in
J—
Co.,«Chicago, $*!,
Braun, Bosworth & Co., Inc.,
•
$30,347,000
early in 1946.
Dallas:
^yy
power
bonds
canceled."
i;1; ;y:y;y
Scranton, Pa.
Tuckahoe, N. Y,
-
_:-LTJl0.898
Nashville, jointly
jointly -wL—-J—V-.,*wi*-110»368
terest.
franchise-contracts generally, and
should be removed and
cou¬
•
'
Northern Trust
and
368,000
'
^
—
Richmond, Cal/
i
Richmond^ Va.;L*-. .
San Bernardino County, Cal. yyi-Ci v
1
".
1
Equitable Securities Corp.,
4,775,000
—
Co.,
York,■
'
Eastman, Dillon & Co., and
Commerce Union Bank,
Bacon; Whipple & Co., and
Martin/ Burns & Corbett,
Maturity
8-6-46
Amount
$ 650,000
*
195,000
18,408,000/
L--.'-,l' 563,000
357,000
675,000
245,000
-1 *
212,000
^
,
;
.
,
Chemical Bank & Trust
( All notes dated Feb: 19, 1946 except Puerto Rico Housing Authority
Notes which will be dated Feb. 26, 1946 and maturing as indicated)
$25,-
111.181
—
Corp.,
"'New
.
: "
'
$28,100,000
Amount
$ 5,099,000
—
ad valorem tax
.
—
Pittsburgh,
;
Bid Opening Jan. 29,1946
Texas
install its own gas
system and to issue bonds for the
plant amounting to $125,000. The
of the City to
-
,
—
President
:
Local Authority
New York City
24.
San Antonio Junior
"jointly
Mellon Securities
;
Bid Opening Jan. 10,1946
(Notes dated Feb. 2, 1946 and maturing as indicated)
hospital bonds was favorably
Nov.
ter,
Upheld—On Dec. 11
States Fifth Circuit
J
-
.
Stranahan, Harris & Co., Inc.;
yyand
v-,;y ;• /. yy
y n*%$$$>%&§
Bacon, Stevenson & Co.,
/
•
/
-
.
Washington County, Pa
Winnebago County, 111.
Board of
bids
until 4 p.m. on Jan. 22 for the
the
United
Court of .Appeals upheld the right purchase of $940,000 semi-annual,
:
I Bond Issue
1
Louis, Mo.
!,
San Francisco, Cal., City and County
Santa Barbara County, Cal.
voted at the election held on
Bond Offering—W. W.
;
■
Palacios, Texas
;
«.
Paine, Webber, Jackson
Curtis,
,t
.
Local Authority
Bonds Voted—An issue of
Co.,
B. J. Van Ingen &
■
•
terest cost of 1.673%,
—100.10
£T^$140,000, iy2s
R.
p
/
$135,000, 2s, and-
'
,
-
——
v
The
1958.
to
1947
next highest bidder was the R. S.
Hudson & Co., Inc., at a net in¬
•
For
1
Local Authority
Allegheny County, Pa,
Annapolis, Md.Boston, Mass
LBremerton, Wash.
Charleston, S. C.
Conway, Ark.
Little Rock, Ark;
Norfolk, Va.
of
De¬
bonds
These
$1,000.
from
due
indicated)
<
Amount
Maturity,
$ 3,812,000
2-4-47
228,000
11-5-46
,<■250,000
? 11-5-46
1,704,000 .
2-4-47
1,035,000
2-4-47
179,000
2-4-47
950,000
2-4-47
2,738,000
2-4-47 \
7,048,000
2-4-47
8,404,000
2-4-47
153,000
2-4-47 :
786,000
' 2-4-47
813,000
2-4-47
(Notes dated Jan. 29, 1946 and maturing as
.
-
Dated Jan. 1, 1946.
nomination
John Nuveen & Co.,
-
:
cost
interest
net
a
4
.
2999—were awarded to the
Union Trust Co., of Dal¬
las, at
1.377% J
.
100.28
$140,000, iy2s
p.
Dallas
-
000
Bid Opening Jan. 9, 1946
house, (Proposition No. 2) bonds
offered for sale on Dec, 28—-v,
and
San
Corp.,
New York, ■
Stone & Webster and
&
,
McCamey Jndep. Sch. Dist., Texas
Bond Sale—The $200,000 school
,
l%s, and
$107,000,
For
;
f
Union Securities
Union
McClung
,
Chapman &
gality approved by
Cutler, of Chicago.
.
John L. Wright
Nov.
1, 1945.
Interest
Denomination $1,000. Le¬
Dated
4';:
Phillips -.Investment
Co.,
Trust Co., Dallas,
Knickerbocker,:, and
Crummer & Co., jointly, for $126,:
Dallas
,
April 1, 1953. \
Phillips Investment
R.
Monday, January 7, 1946
Blodget, Inc.,
iy4s, and $374,000 iy2s, at a B. J. Van Ingen & Co., and
- ''
was
the R. N. Eddleman & Co., price of 100.008,
' y :
y y y Goodwyn & Olds,
'
jointly
,_^«_111.82
Phelps, Fenn & Co.,
'
; UNITED STATES y
F.. S. Moseley & Co.,
.,y-.y yyyy
First of Michigan Corp.,
yyFyyyUnited
—
Housing Authorities to Sell $63,546,000 Notes—Announcement is Mason-Hagan, Inc., and
made of the intention: of a group of bousing authorities to receive bids Ferris &
Co.,jointly:-»vn.111.72t
pn various dates in January on note issues aggregating. $63,546,000, Alex. Brown & Sons,
v
as follows:
'
•»
Goldman, Sachs & Co.,
"
>
$219,000, lVzS, and $56,000, lV4s *
—100.04
J.
April 10, $24,000 in 1947, $34,000
in 1948 to 1954, as l1/4s, and $238,000
maturing $34,000 April 10,
1955 to 1961, as iy2s. Dated Jan.
10, 1946. The next highest bidder
'V:
For
J. R.
\
28,000
Sewer
Revenue
2%%
iy bonds. Due April 1, as follows: $1,000 in 1947, $2,000 in
1948 to 1950, $4,000 in 1951 to
1954, and $5,000 in 1955.
and
p
Lovett Abercrombie
1963.
$2,000 in 1959 to
Underwood & Co.,
Milton R.
*
■
San Antonio,
vU
30,000 Water Works, 2%% bonds.
Due April 1, as follows: $2,000
in 1957, $3,000 in 1958, and
100.014
1V4S
$168,0000,
1961.
$2,000 in 1959 to
;
CHRONICLE
a syndicate
composed of Glore,
Forgan & Co., New York, W. H.
Newbold's Son & Co., Pittsburgh,
Scott, Horner & Mason, of Lynch¬
are
issued, after
The notes
the FPHA has
revenue
Dec.
y
bonds offered for sale on
18—v.
162, p. 3000—were
&.Co,, of
Denomination
$1,000.
bonds are due $5,000 on
1, 1965 to 1968.
;
^
to Paine-Rice
awarded
approved
Spokane.
vance
These
a requisition for an ad¬
of funds to the issuer in an
Which will be sufficient
to pay the principal of the notes
with interest thereon to maturity
amount
March
,
WISCONSIN
Cobb, Wis.
and after the FPHA and the issuer
have
entered
into
a
agreement in which the FPHA ir¬
revocably / agrees, to
pay - the
amount
of
such
advance
to
the
paying agent designated by the
purchaser of the notes on or be¬
fore
the
maturity, date of the
notes.
The notes are payable out
of the proceeds of the advance to
be made by the FPHA.
,
. :
and J. C. Bradford & Co.,
of Nashville, at a price of 112.219,
a
basis of about
1.268%;
The
burg,
bonds
are
mature
dated Dec. 15, 1945, and
on
Dec.
15,
as
follows:
$30,000 from 1947 to 1951 inclu¬
sive; $40,000 from 1952 to 1971 in¬
clusive, and $50,000 from 1972 to
1982 inclusive.
Other bids includ¬
ed the following:
v
Voted
Bonds
requisition
—
The
following
bonds amounting to
favorably
voted
$16,800 were
at the election
held recently:
$8,000 water works bonds.
8,000 sewer system bonds,
:
V
CANADA
;J||y
NEW BRUNSWICK
New Brunswick
(Province of)
Offered—An
including the Dominion
Securities Corp.; and Bell, Gouinlock
&
Co.,
both of Toronto,
among others, recently made pub-:
lie offering in Canada of $2,750,000 2V2% sinking fund debentures,
/
Bonds
Publicly
account
1945, and due Dec.
Interest J-J.
dated Dec. 16,
16, 1951.
@FedFRASER