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a igj£ MONDAY Volume also President has been; elected a Brotnevs, is Schoff, S. James director a Department Federated of A.AA;;: 2065. T.he Unoer . plan which became effective Aug. 1, 1944- final taken toward consul.nation and simplification of the Car Motor Hall-Scott The AAA"1, \ A* ■ wholly-owned subsidiary of A;/ A''- predecessor, companies.' *■■/-?.A Co,, a •'* A months •.-■A. was by ago : ,-A '/As , of the AA'A'AA A.Bert E. and other of New York, F. Stratton, Counsel in for ;. parties have signed a stipulation agreeing that all in the bondholders' suit would be permissible case.—V. 160, p. 1177. • -4 - , meeting the shareholders, at profit the A ■ Issue ' ; A:;A .-.A ' Stock and Bond ;A A.' ;A\AAA; V A;A/: V: New 'A/A: Admiral' Corp.—Listing of Stock— New 28 approved fob listing and regis¬ stock of the corporation. The company's executive office and main plant are at, 3800 West Cortland St, Chicago. The'principal business is the manufacture of radio, radar and other electronic equipment principally on govern¬ ment contracts. Prior to 1942 its principal business was the manu¬ facture of small, popularly priced radio sets.. ; • : A Dempsey & Co„ recently underwrote 216,000 shares of the company's . stock and publicly offered the shares at 7342 The company reports that there are now 1,556 stockholders. After giving effect to this of 825,369 shares ($1 par) 160. 2177. p» ' ; ; Canton & Youngstown Ily. Akron Tmt Net $255,947 .A 90,849 136,612 22,076 78,994 118,514 66,521 34,004 Net railwny_; from ry. —V. 160, _ 4,1.16,717 1,441.653 1,685,401 3,151,907 1,048,301 68^,763 931,821 576,198 1,107,678 1943 1942 $1,957,060 $1,952,611 565.606 969,522 1,086.102 oper A income;:- 125,712 309,071 333,040 411,507 Condition 251,424 Net Net rv. —V. railway---- '20,354,624 21,514,981 17,927,843 7,932,307 10.594,372 8,929,844 3,815,435 oper. 160. income.- 1,735,226 Period End. Nov. 30— Frov. 1,296.347 1418,244 273.600 265,600 Provision for taxes 2,167,474 Gross Int. ___A__ other $30,077,539 12,955,203 9,741,670 3,275,200 3,171,600 Net Balance —V. on 606,372 8,859,692 9,164,296 $7,152,470 $7,999,972 Net from 250,448 2G8.996 3,189,483 3,179,902 Net ry. $333,281 $3,962,986 $4,820,071 189,082 2,268,986 2,268,986 $301,768 189,082 pfd. stock . ; 160, p. $112,686 A- ■ its interest, in. ,"A , 1944—12 Mos.—1943 Net oper. Other •- 10,579,693 114,717 39,403,198 381,856 41,679,851 336.039 10,694,410 ■ A-A 3,867,608 39,785,054 42.015,890 16,760,935 15.650,757 1,536,195. 6,826,802 1,786,149 23,024.119 6,347,944 26,365,133 7,155,036 5,040,653 16,676,175 11,621 14,496 45,596 52,108 5,026,157 16,630,579 19,157,989 4,591,044 5,026,1.57 16,630,579 19,157,989 50,048 31,909 4,041,092 5,053,066 2,444,543 • 2,924,387 10,478,246' revenues— income 133.338,741 50,494,191 4,591,044 taxes Other S $ 34 593,269 141.004,681 13,501.006 £5,965,657 5,206,973 23,887,685 2,375,561 10,027,770 : 1 ; 2,930,036. 11,720,371 5.^39,445 Prop, retirement & deA pletion lea. approp.. (net,)— 100,341 _A— 10,578,587 Net interest to public & A other deductions 4,439,727 income Bond Exchange Portion 19.246,834 10,129,634 11,778,231 to interests equity of - mi- Am, 19,210,037 .. . . — P. subsidiaries P. Am. Net 123 142 public— 6,138,860 uA" & L. Co. in income of 123 to applic. noiity Si L. Co.— equity (as above)— Other income — 180,240 86,735 36,810,819 19,244,724 . ' :——A— Total 123 Averages...___ __ divs. Balance 142 Stock Exchange... Curb *Pfd. Net —142 AA Balance Banks of Member York 87,204 103,843 437,574 465,086 4,553,883 4,954,223 18,779,638 2,646,188 Expenses & deductions 563,603 633,787 16,373,245 2,305,623 ——A— 3,990,285 50,565 4,320,436 92,192 14,067,622 339,179 -16,133.450 289.441 3,939,720 4,223,244 13,728,443 ; A other $144,199 $1,694,000 $2,551,085 1944 1943 1942 $3,155,009 1,224,071 $3,242,060 1,586,120 income—. 445,036 212,636 *1,408,244 railway.— oper. From Jan. 1— ' from 34,882,871 34,077,082 11,684,500: 13,856,386 28,565,825 10,710,325 3,521,649 2,461,584 Gross Net from ry. railway railway-*.-. oper. Income.... 160, - 1941 $1,700,507 345.953 55,407 Balance . ' dividend °Full earned or 15,844,009 whether requirements applicable to respective periods, unearned.—V. 161, p. 1. American States Utilities Corp.—Extension Granted—- ■ 3,961,546 p.'2393. taxes 'AA'AA-' A A/AA A:AAaA $3,187,519 1,026,033 from 'Deficit.—V. 2537. Income . railway.— November— Net A—A of Alton RR.—Earnings— $602,277 income Dividends ... $ 34,894,061 13,907,440 ___ taxes A—- Balance $552,216 deduct..; ox (& Subs.)—Earnings— ' 1944—3 Mos.—1943 expenses $32,242,566 711,005 income and and Stock Gross / Light Co. & Coihmis^on'S' order ■ 4,602,665 revenues Operating Int. expenses — .• 1944—12 Mos.—1943 1944—Month—1943 for depreciation.. Operating 2178. p. Balance $2,592,494 _ 160, Operating Federal -Earnings- $2,833,167 revenue The transaction is designed ".to--comply, with the July 2, 1943, directing American to dispose Subsidiaries—.AAv'. A.'A: AAaAAA;.- A/A A-' ' Federal System—— New Auction Sales Alabama Power Co. Gross 1,927,499 2,776,325 Reserve Transactions 2393. P. 1951, $ 142 of Statement Transactions New York 10,035,697 railway—-^ from from joint; a series due Jan. 1,.; first mortgage bonds,. 3a/4% 1, Jan. American Power 140 a-A ________ Statement Federal Clearings Banks Reserve $1,034,737 .. From Jan. 1— Gross to Period End. Nov. 30— 142 Rates.—— Condition Combined 1941 1944 $1,761,631 ry. Sale of Sub.—- its of $270,000 1246 Gross Payable and of Bank Course Foreign Exchange railway— Net Dividends Declared RR,—Earnings- railway-.,„ from from —— 105 149 Redemption Calls and Sinking Fund Notices 141 The November— Gross Net of 1, Savannah.—V. City Bond Offerings and Sales State and 621,320 Alabama Great Southern — 136 137 139 General Corporation and Investment News. 2393. p. $954,43L v-//...//■/ subsidiary, Savannah Gas Co., filed its — 2,864.364 income— oper. Markets 141 Miscellaneous Features 71.574 4,266,591 railway— from Gross _ Toronto Stock Exchange—Curb Section— From Jan. 1— Net Stock Exchange.-—— Toronto Over-the-Counter i $318,588 income. A oper. '. A'-;' A; 1941 1942 $388,052 railway from ry. . Earnings- 1943 1944 $350,476 railway— from ■■■%: 136 Montreal Curb Section for December 29—_ this corporation has been November— Gtfoss • 136 Montreal Stock Exchange——A 138 Montreal Curb Exchange 138 Montreal Stock Exchange for December 29-141 A-AA assigned to^'Erwin, Wasey & Co. Contact and service will be maintained by the agency through its New York and Los Angeles offices.—V. 160, p. 2573. . * Stock Exchange. St. Louis Stock Exchange years as principal administrative analyst. Army Service Forces,-.':" Coincidental with the appointment of Air, Franke, the advertising account of A 134 A- Pittsburgh Official— Director of Advertising and of - 134 Cleveland Stock Exchange..— 134 Detroit Stock Exchange--—A A A_aAaA- 135 Los Angeles Stock Exchange 135 Philadelphia Stock Exchange— 136 Gene Franke as Public Relations has been' announced by John B. Walker, Vice-Presi¬ dent in charge of sales. Gene Franke joins the corporation after two appointment Chicago. Stock; Exchange _ Ciheixmatl Stock Exchange- a A ALA—^iA- A:/ outstanding, serial notes 3 Vz and 4%, due at the redemption prices applicable on the redemption dates. ,A. A'"-'' :• ■ Immediately following the sale of the propertfes and assets to the buyer under an agreement of sale,; Savannah will be liquidated aucl dissolved after payment of outstanding indebtedness and obligations. otlA" Al-an those assumed by the purchaser. Ail remaining assets will be' .transferredno American ;or; New York Trust Co., trustee under American's debenture indenture. A "■; and 1966, Jan. Exchange-.128 Curb and company Savannah's outstanding Stock Exchange— —_ 133 Stock".Exchange._A—A!;, 133. Boston Aireori Manufacturing Corp.—New The : ■ Baltimore July 31, 1944, was $2,566,679.43. A"..a;aA AAAaAaA-A;: A*'A A: AA;: , Quotations A ;/;A;/,v;':': $914,917 application with the Securities and Exchange Commission Jan. 2 for authority to sell the fixed properties and certain assets of Savannah to Savannah-St. Augustine Gas Co., a new corporation, for $2,205,000. Proceeds will be applied in part to the redemption of $1,000,000 of AAA"'"A • A;'/A A'A/'' /A A; Page York Stock Exchange (Stocks) 113 York Stock Exchange (Bonds)______ 124 A'AAA AA.'.' ; New York common financing, total capital and surplus on —V. The ; Chicago Stock Exchange on Dec. tration 1626..;'': p. , $299,779 $267,245 taxes American Gas & Power Co.—Proposes ■ This In . 1857. 160, 1944—9 Mos.—1943 " all after and charges Inc.—Earnings— 1944—3 Mos.—1943 Period End. Sept. 30— Net to be 160,. p. former 618. p. American Export Lines, exhibits the 843,240.—V. 160, elected Travel, has been elected all ; the present held on April 17, a proposition to change each present $25 par value shares into three new $10 par value shares. •• A/A-'.;;..AAA.."'"A A-.: V'A. AAAvA; If tbia change is made it will result in the shareholders receiving three of the new shares in exchange for each present share, and will increase the capitalization of the company from $8,202,700 to $9,-i of V"''' Vice-President and Passenger Traf¬ charge of Foreign Travel.—V. Split Up Stock— directors are considering submitting to ,The annual in Assistant Vice-President V. Acme Steel Co.—Plans to A. Co.—Officials Promoted— White, former Assistant Vice-President, and evidence '-./•■:/AA:A.''* ;;-'AA/.''.'A", 1. p. fic Manager, on leave with the United States Army, hfts been Vice-President and General Manager,. Travel. Walter C. Runale, brought .against Mr. Hanlon and his associates Charles 161, American Express bondholders. ACF- Hall-Scott, engines, will con¬ tinue as the exclusive supplier of engines for ACF-Brill Motor Buses, retaining its own identity in the field of industrial, marine and special-purpose engines.—V. 160, p. 2537, action similar several The SEC asked for dissolution SEC action. the distribution of its assets.' / AAAA'''''/'/ and trust Brill Motors Co. and 'manufacturer of the in Hanlon Mr. Court.—V. others, Six achieved in its field was. W. Smith stated Jan. 3 the Department of Justice's suit to monopoly. Mr. Smith addressed United States Circuit Judges Thomas W. Swan, Learned Hand and A. N, Hand, sitting as a special and final tribunaltt.O hear the Gov¬ ernment's appeal from dismissal of its allegations by a lower Federal Dowhs4/:A1AA':'A'AAA1'A;- A'AA'''',,t;:'A.'AAA;/'/ '.A .'A;AaA.;, five of them Suffolk Downs directors, are named with Suffolk organization, it was announced on Jan. 2. . A'A'A'AAA / ;As of Dec. 31, 1944, The J. G. Brnl Co., producer of trolley coaches and street cars, and The ACF Motors-Co., producer of motor coaches, were'. liquidated, and their assets transferred to ACF-Brill Motors Co., which company will henceforth carry* on nil the design, manufacture and marketing of the types of vehicles previously handled by the two / that the company enterprise, and efficiency, William of result defending the corporation against dissolve the concern as an illegal in Hanlon, invested $1,* track. A dominating position The the charged petition America—Domination Laid to Effi-, A..." A ciency— Mr;/Hanlon, President of the Eastern Racing Association, operators of the track, with gross misconduct and abuse of the trust by /'speculating" in acquiring controlling interest in merger been have the ground that its President, Gordon D. SEC's The Copy a MISCELLANEOUS - Aluminum Co. of In A-. Jan, 2 began presenta¬ in its suit for appointment of a receiver for the com¬ evidence on pany Charged ' -a on 195,000 of trust funds in Suffolk Downs race Companies Transferred— steps of tion ; , Securities and Exchange Commission The p. A*'' A .A'AAv..'" of Merged Co.—Assets ACF-Brill Motors Inc.- " Stores, A-'A^A''AA.A" A'''. ;; , 160, 1C '''''A'A.a . INSURANCE - Trust—Misconduct Investment Suit— and Managing Director of INDUSTRIAL - Aldred A<?■:' Bloomingdale He: d.rector 01 A-CLsaham & Straus, Inc. Stbaus, Inc.—New Director— Abraham & . PUBLIC UTILITY - Cents 60 and Investment News General Corporation RAILROAD Price N. Y., Monday, January 8, 1945 New York, Number 4349 161 • 18,236,451 4,878,438 1,733.579 The SEC granted the corporation and its subsidiaries, Edison (Mich.) and Southern California Water Co., a second until April. 9, 1945, of the period within which has Sault Electric Co,, extension six-months ■ PB^ini!l!llilltllll|l!HII:llll!ll!i:!!l':ii!l:ll!!llll!!lHI!l/:!:!!illl!llll:ll!l!!ll!lti!ll!llINI!!!lll!:i!li;!!ll!l!l!Illlllllll!ll!l!llll!IIH:l!lllll!!fltllllll!'ll!ll!!l!i(!ll!l!'| Offerings For - Dealers, Institutions, Corporations DEPARTMENT Members Established 1922 Tclenhone: HAnover 2-2600 NEW YORK . • A' g ■ A; ' . • - '■ A • ' '• bt ll' '• 'A » g BLOCKS of SECURITIES A ' y which A are not readily marketable. 1 ^ ; INQUIRIES INVITED .. ' INCORPORATED QAllen & CO. STREET ' Banks, Corporations and Individuals have found us an effective market place for large or small J Brokers, - Kobbe, Gearhart & Company 30 BROAD 'A f- Bids Municipal Ronds ' ' Unlisted Securities FLORIDA & mm JERSEY MUNICIPAL H FIRM SPECIALIST IH 45 4, N. Y, Bell Teletype'. NY 1-573 Telephone REctor 3-3600 New York NASSAU Security Dealers STREET, NEW Association YORK ,5 Philadelphia Telephone Enterprise 6015 Bell Teletype New York 1-5H5 120 Broadway, New York 5, N. 1 P | HILL, THOMPSON & CO., INC. I , ■ - / - A;" Y. :- ;.'A' A ' g* S.. comply ■ with an order of the ordering American States Utilities its liquidation Smd dissolution,—V. they ' must 1943, cause SEC— pmefrdd stockholders to carry out 12 committee o; A in effect which gEC v'/,' , proposes ■//.:; has filed a plan with the the recapitalisation of the Tie Net Amx. ,, _—_ revenues— laxes oper. 5,016,345 5,<ou,OM0 5,103,563 t.cUv.uuO 1,266,345 1,108,563 iu^mieu-iur . Net -V. 161, d.,; Net $531,188 140,316 railway— ffvm Glues iaiiway_i—d-v income— irom Net ry. raUwayyuU-Ui.. income— oper. the.company has The trustee of The the Will.am Vice-President,•• in of American Propeller Corp. 160, p 1731 $379,419 121,283 66,728 45.027 62,037;- 45,955 . 4,353,093 4,695,510 1,151,327 5,508,502 1,617,828 714,515 604,245 would' purchase 81.750,000 in common stock, sale or the iimt mortgage get and must accompany -additional couponn—V. .^any attachment or Operating Operating Taxes bonds would be used to v^. G^.u.n A-.eeu. ln.cn blx-yiai, -hfs L. in in .m a The ana Gulf Tex-,s expenses Gross Fixed Int. 1,435,862 _;.Z ; series ' . , American Arbitration 1944—11 Mos.-4943 ■ ll:;. 4,189;278 > - have 1955 Interest. Trust : : % fund 4Va% bonds due been called for redemption cm Jan. 31, next, at .104' and Payment Will-be made at the Central Hanover Bank & .corporatV; trustee, 70 . Broadway, New York, N. Y; Imme¬ time on presentation and sur¬ Co., diate payment will be made at any render of said bunds at the bank.—^V. , 158, p. 1821. • , Co.—Extension Granted-— Associated Electric . A' debs... 75,131 75,800 829,287 845,363 $115,728 $120,188 —V. 160, Est. V; $971,133 ; 1 "'44—Month—1943 >. $971,133 $710,517 oper. revenues $174,897 oper, 'expenses 1944—11 Mo».—1343 $3,957,970 $1,013,584' 500,342 ' $7,753,731 4.644,910 • 5,422,339 477,606 V Net- rev. Jr. opers.: ry. $3;534,O01, '$2,908,791 2,439,811 1,591,913 $541,973 405,226 $474,555 ; Railway tax accruals^- 334,494 ope'ry income $140,061 $136,752 4,431 .,0r2,on Railway (netu_u_ income Net ry. income- oper. ; ; 3,505 4,54i $1,316,873 223,231 $1,324,021 33,748 $134,675; $144,542 (net) income Co.—Weekly Output— The trustees of the ^Associated Gas & Electric- Corp. report that output of the Associated Gas & Electric Group for the week ended Dec.; 2J, 1E44, amounted to 134,417,927 kwh., an increase of 3,714,666 lw,v„ or 2.3% over the corresponding week, of 1943.—V. 161, p. 2y : ;V Associated Gas & Electric fixed $149,083 160, 241,554 ; ; Corp.—Sale Authorized- 28 authorized Denis J. Lei'oell on Dec. Vincent judge Electric & Driscoll and by Associated Elec-% System, of all the account indebtedness of Owensboro Gas Co. base price of $624,500, subject to certain ad¬ to acquiesce in the sale subholding company in the Associated "Wxllard L, Thorp, trustees, trie Co., a to and t tock common open W. T. Stevenson -for-B 160, p. 2395. justment ..---V. ■;;,3 '■ ... 1941 'J $374,651 8658,249 $547,639 $577,615 102.3C4 23,871 130.3Q1 69.001 31,738 *33,529 "19,851 "14,486 ra:Iway-__^ 7.175,363 6,569,934 rail.Way.*u-u_ 1,516,041 1,843,005 5,442,494 1,415,992 4,269,931 955,123 249,759 ry. oper, income__.. ^Deficit.—V. 160, pa- : 196 509,855 389,807 221,936 from railway..i..- G"" ss Net from Net re ilvay_._ income..,._ oper. ry, „ From Jen. 1—v from Gross Net from ; Net, to face agreement ment 1944 $456,114 151.466 1943 $466,765 175,963 from Gr.ss Net from Net ry. 32,579 36,426 5.230,779 1,940,472 368,225 4,819.249 2,077,662 438,637 milway^__ railway— • income—. oper. From Jen. 1— from Net rv. —V. inrnme... oper. 160. p. /vit 30,140 23,040 3,576,880 1,481,844 - 577,080 . 2,258.758 654.161 222.170 amount The RR. $ "Railway oper. revenues expenses •Railway tax accruals.. Other debits 47.904,121 Railway ©per. 27,592,221 income 7,668,188 ry.; oper. 1944—11 Mos.—1943 $ $ 41,752,126 485,034,152 426,670,373 22,549,917 275,359,012 232,719,321 11,572,938 11,665,769 1,070,774 279,234 ^Railway tax accruals for 150,217,591 130.592,177 5,082,572 3,948,799 7,257.206 54.374,977 59,410,076 month of November, 1944, include $9,465,- Barre the first not was East authorized ;on fli the purchase by the company of of Of the corporation the eirmess in due course, Summer of 1: 44, the in siuv'r't", the remaining 40% the of the-stock, nine, shires are:,, Maine' RR; and 1,591 shares are; held bv the Sortwell, physical . •, . •< A considerrtiou; alternative." ' "') stated that since the corporation; had already excess profits tax return for the year 1941 on was .The ba'mice of $2,499,065, pursuant to. e of directors of the corporation, will; result proposes all the to adopt the "lal-■" v'i fi'ed Its income the basis of a determination of the beard in a reduction of the provi¬ contingencies as shown in the summary of cou »oUdated income and earned surplus; for the fiscal year- ended Sept. 30, 1943, with a corresponding reduction in the reserve for post-war contingencies as; showp in; the: consodclated balance sheet at Sept-. 30, • sion post-war for 1943.—V. ■?, Bessemer & Lake Erie RR.—Earnings— November—1 "'G-bss from roilw.iy_^„^' 1944 ;,: ; $1,513,087 From Jon. 1— from Net from Net rv. 313 514 296,345 289,638 18.790,030 4,732,580 4,081,953 ' 18,693,911 —V. a roilway„>__ railway^i. income-— 2397. : oper. 160. P. Boston & Maine Operating revenues expenses Joint fac. Net Other rv. rents rents oper. *Total 19.217,451 10.13^,932 7,347,282 1944—11 Mos.—1943 $6,825,340 $30,371,434 $79,374,565 5,268,823-i-59,106,981 55,594.463 692,301 626.508 F8.936,859 9.689.459 217,741 284,005 2,713,536 2.698,498 22,936. .23,024 . 230,498 257,318 ^_. (Dr\ iDri__. A $0,243,560 $11,134,827 $694,569 $622,980 105,551 94,389 $R0O,i °0 $717,369 331,316 366,581 3,903,272" 4,035,688 $468,804 income- ,v,o deductions C~~~~ income "Rentals,, interests, - .. $350,788 $6,512,171 $8,241^10 property, Net ; 5,465,247 income rr-,f.„] - 1944—Month—1943 •— Equipment 2,382,108 $7,092,794 „k. Taxes 20,431,858 8,558,154 3,461,128 4,853,345 RR,—November Earnings— Period End. Nov, 30— Operating V 1942 19G $1,876,428 $1,666,607 872,693 857.037 137,247... 613,931 1943 $1,782,321 517,347 Net., from railway--. Net ry. oper. income.— Gr'ss I ■; ■„v-y/;;a 160, p. 2754. • to purchase the properties of the Montpelier, franchises, road and equipment, miscellaneous materials and supplies, and prepaid insurance, for $146 oeo. Tim o'-noerty to be purchased does not include cash cn hand, accounts receivable, or other intangible property of the Montpelier, nor its right to exist as a corporation. In payment for the properties, the Barre proposes to' issue to the Montpelier at par a first mortgage non-negotiable promissory note in the face amount of $345,000. The note will be issued under and pursuant to; and will be sec.ured by, a proposed mortgage to be dated as of Jan. 1, 1945, between the Barre and the Montpelier. It will be consisting, of with held and the corporation hed either to comply or to re-ort to litigation. At a meeting position, however, board's demands a property ownership of a majority i Barre - were $44,000,000 renegotiation refund, of the additional amount of $9,252,-: 659, which will be refunded under 'this second renegotiation, $6,703,594 is. represented bv income and excess profits taxes already reported, granite quar¬ approxi¬ non-carrier under the act, will acquire and franchises of the Montpelier by of capital stock of the Barre. The Montpelier owns a main line extending from Montpelier to Wells River, approximately 37.98 miles, with a branch extending from Montpelier to Barre, approximately 3.85 miles. In addition it oper* a'p-; line I'm ir>i1|0s !"n<r in the City o* Rfrre whi^h is Jpn.v»»d from the Barre. The Montpelier connects with the Boston & Maine and the Canadian Pacific Ry. at Wells River, and with the Central Vermont Rv, at Montpelier and Barre, Traffic is interchanged at all points physical ,,J of Nov, 28, the corporation'^ boafd pf directors; after the mrhv factors involved,-reluctantly determined end owns a wholly owned subsidiary of the Boston & Maine. present, is-on, active duty in the United States Naval Reserves.: Upon his release from active duty. Sortwell intends to assume the management of the Barre, including the property to be acquired from the, Montpelier.. Thus upon consummation of the herein r Price Adjunmeri Bi"rd York received It mortgage at of . lf431i -was: had ret bmn executed, an sairi::Tn the cnnuil rcport for former of the Montpelier & Weils RR., proposals R, Brveh/h-^vo bee.i resn't o*,i artiotV t"ken the officers of the corporation, to informed b a ''epr « «»at"ve o' tgp ig<nv "o-k Board that the Wav D?p°rtme"t Price Adjustment BFrd in Wash¬ ington had refused'"to approve the agreement and had requested:: that the: corporation refund $53,262,659, instead of $44,000 000, as prod vided in the agreement prepared bv the New York Board. The cor¬ poration nmde prompt protect, which rem ted in n beiring be ore exceeding $345,000, by; the Boston & 'Virtue of his a renegotiation had been re^n^d 'w'th the Price A'tju tthe Army, Air Forces, in New York, p' r uant to which of $44,000,000 for a renagov miles Vermont control of ofiicrrj "Late $1,012,073 used with have gepKral*r.ffi^--f; in common but are operated as separate and indepen¬ dent' properties1;. ■ '<;oV; -'I Vv:;; : The : Barre has: outstanding 4.000 shares of common stock (par SI001, of which 2,400 shares, or 60%, are owned by Alvin F. Sortwell, owned on corporation the $1,583,656 571,583 • City of Barre, approximately 3.5 miles to (lve on and around Barre mountain. It also individual. Refund' ion wire as wed by reprcentilives of th 't, whi e the agreement ha X approval of onlv one membgr o* jthe: War Department price Adjustment Bip.rd: in Wa-hington. it would by ap-. proved bv: tba^ entire- tootvdV^ nod would;b& Executed ; and -deliyer^: of sidetracks passing tracks' and switchbacks in serving the quarries. The onlj' connection of the Barre is the Montpelier within the City of Barre. These two carriers an as le.und, New then % RR.—Purchase, Etc.— located 15 $2.91 Covm—If>43 Rene Contingency Reserve although a written n.grecnvmt Board "The non-negotiable promissory note in the to be delivered at ,par to the in payment for its line of railroad. incorporated in 1913 by consolidation of the Barre Barre & Chelsea RR. Its line of railroad extends a of the and Tlie Rv., and Panhandle & Santre Fe Ry.) 1944—Month—1943 28 of connection. Santa Fe Ry.—Earnings— Colorado & Saute Fe Period End. Nov. 30— Net $219,059 61,755 2642. Atchison, Topeka & I , 1941 1942 $386,598 183,056 " . mi1wiy_.aJ Tailwayl..2„ Grs-.fvefn Net . $835,545 1,825.805 $0.63 corporation had set aside an amount ti.uion Montpelier" & Wells. River RR. Sortwell, Atlanta & West Point RR.—EarningsNovember— issue RR. mately 1942 1943 1944 N member— : 3,742.500 378.972 snare Aviation that, stated its Dec. on and excess 870,500 Sept. "0, lr4T Iu his lettcr Mr. Breech River RR.; (2) approved the: acquisition by Alvin F. Sortwell of control of the physical property and franchises of the Montpelier & Wells River RR., by reason of ownership of a majority of .capital stock of the Barrc & Chelsea RR., and -(3) granted authority to the Barre & Chelsea from Coast RR.—Earnings- $87,645 physical property and franchises ries Atlanta Birminsham & ICC for Fed. normal income to complete ret negotiation of the company's war contracts for the fiscal year ended the The 282,425 5.563,305 :>epresenI?ti*eS:>'bf:-tkt;'Soitrd'"-iiivWashin$toh^ That board adhered to Barre & Chelsea the 1,313.699 5,235 880 I.The stockholders on Drm ?28 were advi ed bv Freest president;- lb^ th« comiiigepf-v funds of Mmcompany $1/558,432 ' 25,224 2396. p. . Gas 50,535 $102,497 $1,357,769 522,224 $138,180 46,586 charges.--- income Net —V. 3,670.216 290.601 1.249,472 .reduced 'by$2,4")9,0'"5, for available charges Total fixed 9:3.212 ...... 1 income prov; the $1,094,7^0 G 365 88,298' . 8,402,220 . prof t Reduces Post-W2r 65G.0n0 T 2 929.244 3.6 2 $1,360,517 , iJ- - Aroostook RR^—Earnings- Railway Rent 355,399 1,212,86 i Earnings per common —V. T€0, p. 2538. 2533. 2179, p. $70,188 $115,728 Period End: Nov. 30 >: 363 331 2281.765 Consp'idated net profit 42,579 . ; Bansror & - 541.4 I 24,769 . expensex..5 delivery ana Bendix 50,000 suml-s 'Tuf.: ■■"alm-e premiums profits taxes depreciation) Income ' been granted an extension until Feb. 28 by the SEO'ta ao.1Jx.e the assets, of its subsidiary, Indiana Gas Utilities Co. Upon conmmmation of the proposed transaciioxis,- Indiana Gas; Utili* ties will be dissolved.—V. 160; p. 2754. Associated 2,944.620: 125.843 $2,248,460 3,871 $1,842,999 v 42,579 $194,729: opecial war accelerated for Gro?s Total $199,859 :: 3,871 - (inch Other has, company annu ty Cjther income the.'r The $ 36,606 4.117,509 . $194,430 0,428 $386,050 8,679 Railway Co.—Cails 4J/2% Bonds— 12 Months 27,722,451 108,524,273; 84,623,510 .„— Other admin st:at ve *expense..-__. Provis'pn for deprcc*ntionu_„u_^5_.5..ev-,u $2,202,236 46,223 income res. first mortgage sinking, outstanding the of 3 Mo.itxis $ inter- i seii ng Other : $1,767,472 75,527 charges Net .York; City.—V. 158., p. 2462. Western Gas Arknpsas All excl. 240 593 the ■V ' (& Subs.)—Earnings— earnings, 3,031,099 . and dire-tor ot The sales! Insurance; 5 ; >* Co.) 324,894 399.941 income on Piuv. elected a diiectur of this company, manuiacturers n:r,gne.i;tm akbys. He is Chairman, of the board of Prociacing Co., Inc; Treasurer of Sterling Injection .ding, Inc. jtui. alo, N. Y.; M •Assucia.im, New . - - ■ that, thi wv emergency has a reqronbeing termi"aled in t'm ne-r future end the cor¬ are-mindful o. (:ncl.- storage sales company $2,0o3,705 $22,500,315 $22,973,250 1,544,381 16,543,565 16,653.534 $2,071,853 Non-opera t.ng nnuome. Bonds- Chicago—New Director— ; . industrialist and former War Production Board- " cf Co.—Earnings^— 1944—Month—1943 revenues Aycx Emeltiiig Ca., ' of 'he oo-k to r miain 1944, will bo entitled to . Period End. Nov. 30— red to be surrendered the bonds when submitted for 1C0, p,. 2394. . a. Cost;Of-21,617,403 704.151 Repairs and ma ntenance .v. to • Its Stock— kju tj rp^fuvt an ixiCrCa"e the present 500,000 shires to v.i., be tj:k from Jan.. Do 1. 9.370 1,505,717 3,787,574 (Including Baltimore Coach warrants-attained to sa d bo.ms aro requ ine 1,533,907 8,7,6.2 p. Baltimore Transit bonds due Juiy 1, 1995, have been re^..^7,1.u tu present such bonds at the office of the company, 33 Pine Street., Now York, N, Y., for'the purpose of having annexed thereto hu- eus c..,.i,uarci inkita tu become payable quarterly April 1-, ig-c-;. and t tercane/ to and mcladtng July 1. 1995. j. V The on Beatrice Creamery Co* Retirement mortgage: 4% f.rst of Holders ux 161. Operating income... be Attached to 3.323,796' 3,740,227 2,253,383 : 929,134 - 1,485,309 289,888 271,806 T"t?l -V. ykkv ; 6,90",955 *,958,444 / 98.155 equipment. new -Coupons Ready to to • 117,831 112,784* from connects, : bonds' and $353,000 in common, stock. -; yyy::;'..d y. t Louis & Chicago RR. and its guaranteed stcck- end i irotu" ( he u. 9,696,818' 6,247,672 • Period Ended Nov. 30.1144— 194# ; {; 1944-—12 Mos.—1943.t• 2,302,265 2,125,982 1944'— Month—1943 T 159,022 172,057 n - received (cais) ireight Rev. Federal District Court, receive $18,340,060 in income bonds and $32,792,125 stock,.; 8.;; V1v.;'' %;•y''8; Chicago RR. and itsstockholders would receive bt. arty .mn.us bo.clsrs F. icarsi common Joliet. & $1,356,000 in income ; loaded frt. Rev. ■ common directors pr;b -biUt t Net During the Years 1044 and, Carloads Handled ;i -Period End. Dec. 31— - ' of Greenville, Ohio. by .the Greenville Steel Car Co. 1,119,327 469,686 filed with the , Equipment Order— R. B. White, President, on Jan. 2 announced'tnat afKike: 1ayt meeting of tne buara mi airectors. held in New York on Dec. 20, .authonzatioiv was given lor the purchase of 500 steel box Cars,' They will be built' Baltimore & Ohio RR.—Places . 142,373 37,284 poration wi 1 ba faced with' tl' of the pfdb'cms of reconversion an-l of post-war possibilities, and believe that.; the corporation should be in a position to t ko quick and decisive a t;o;i, if and when-rendi¬ tions render such action advisrbe," says the notice to stockholders. According to the proxy statement, the addition^ authorized ctork will be treetGl as a re ervei The directors have tck-iH" no action with re pect to the u;e or issuance o." the additional shares, proposed. The curpor'tion has only the one class of stock. ; g-'-'lVr fd'yl-'-.-T Welter H;. Beech, President, in his letter to stockholders, points outthat la t August the company, mydfe a settlement with the Price Adjust¬ ment Board of the Army which was approved Oct. 30, covering opera-" lions, for the-fiscal year If.4J, which settlement reduced the final net income of 1943 to $2,216,596. He points out that; the 1944 reserve of $16,379,581 has been Set aside as k renegotiation ii"brlltv, althougli hoi* renegotiation proceedings hive been started.—V. 160, p. 23J6. 1941 " authori.ed the r.b'e Ohio,VakwhpUy.-!''-, ^ 374.112/ 11,285,653% , • itjtkhold*r.j- t;"The :, tion as Executive ■ divisions and also pj Toledo; ,$388,762 208,829 $733,835 : 097,743 *203,434 i'e. oper; vote. mk.v-''Tf in his present pos active charge of Avco s operating 1941 1942 V.- $3,152,027 39,263 income--. oper. 1343 • 3,163 1,500,000 shares,. the pur v. ue rnc> rijhis unchanged. Stockholders of record Dec. 23, . yt".:'- operating divisions. F. Wise w.ll cont'nue its of 46 Beech Aircraft Corp.—Plane to Triple . Mr. but Corp. rate of , directors" of Hertz Dri/-Ur-3clf Com.Ln es, ' Will' continue" as Cxiief executive o.f'.ccr of -The Avia¬ Bab ock w il represent the interests .of. t ie cor¬ poration in its various snbs.d aries, and w II. also be. in; general eltarge propu.es new The 14 164,023. a pian $5,782,125 would in 11,984,783 ; 715,237 in one.—. "'"Deficit.—V. 16C, p. 2:96. ' of board the tion reorganisation plan for the railroads and its leased lines. a new first mortgage of $15,000,000 of 4% 50-year bonds, $2c,0u0,060 of 4Va75». income bunds, and 349,768 shares ($100 pa. ) common s tock. m •; > /■ ■ '-d;: ddddm ■ dd: Holders of $45,CC0 000 refunding 3% bonds with unpa.d interest of China go, Jen. 2. was the ncte to the Boston outstanding note of presently a $915,940 from; railway—: Net il;»Mr. Emanuel Filed— Reorganization Plan •''< 118,798 , 5.466.692 •*. 1.327.123 626,413 railwayli:--;. froim from $.40,145 1— From Jan. Net 1942 1943 $471,669 52,383 Nil ry, oper. Gi\ ss d, i y. from :d; From Jan. 'Lmd.d IV ,:.Gv;- s i Troahdi ail way 4 465,322 owned subsid ary —V .1944 d;;;': .> Net ■ (Del.)—New President, Etc.— 1 Fres dent, on of 1944 "• '. .- - - railwayiwvi s Tno Emanuel, its President November— 66, 873,651 uuO (; 46, doAiu'O^f 4,053,401 . place irom... railway in of ■" November— Gro, elected- Cnairmaxi of the board of directors. Tue presidency of tne coryorat.on w,.i ba taken over Feb. 1 by Irving; B. Bab.ock, w.io has reo-gxied ;this present positions as Pxes dent of the xel ow Truck &'.Coach, MaxlUxacturing Co., V ce-Pree dent of General Momrs Corp.; Ufa rmah of .the board of directors of Yellow Manu.actur ng Acceptance Corp.. and Chairman" ■ ■ - the take to Montpelier iir .the same amount.-bearing interest at the per annum, held by the Boston & Maine, Net TV, 9 03,3 44 Aviation Corp. (The) Electric Co., Inc.—Output— Power output ox the e.ectric propertiesfoil' this company ior the week ended Dec.' 30,"' 11.44, totaled 81.082,000 kwh.-, an--increase of 1.64% over the output of 79,757,300 kwh, -if.br. the corresponding week Oi' li.43.-V. 161, p. ,2. - ■"'y /II;/ ,,.iy-! RR.—Earnings- , - Beaumont Sour Lake & Western Ry.—Earnings— : ■ 16,044,244 " 18, 623,351 199,219 933,273 4'i payable semi-annually on April 4'.'a % 2. p. Victor American Water Works & Ann Arbor 333,066 income. oper. ry, RR. Maine & the 58.044,244 : annum, per 1, N it , , include, compared with ■' $ ''*'1 i $ (V ' ■' 142,655,850 '140; 342,637 ,463,286.; 84,611,606 73, ; 12,398,137 7,239,574 Operating income -—' Equipment : and joint <:facility :rent(netv filed by pim $ Operating expenses ' a the preferred ctockhclders' committee, the mem¬ bers of which own an aggregate of 28,530 shares, equal to 27.5%, of the totai prmerrcd outstanding, alio provided the machinery for the carrying out oi the plan by a trustee to be appointed by a Federal District Cvurt upon the application of the Commission. The tru.tee would also carry through the nomination and e.ertion of a mw board of cirectors, The p.an aim provides that the new bo rd of directors wi'l take prompt action towards elimination ox the compmy's "present onerous funded indebtedness" and that it will submit to the stock¬ holders for their decision the question of- wnethcr the company shall be liquidated or shad fodow other courses of action.—V. 160, p. 2754.' disso.ve. wi'l 1944—Month—1943 — 4% of beginning April 1, 1945. It is stated that the Montpelier will assign •1944—11 Mos. —1943 12,9b2,390 7,946,045 revenues rate the Oct, inter* 1," 1945, payable to. the Montpelier, and will bear of Jan. 1, as at and RIt—November Earnings— Coast Line -v'"."', Operating est . months ended Nov. 30, 1944 Federal income and excess-profits taxes 1943.—V. 160, p. 2538. ...... . y. Period End. Nov. 30— 'd Commission's order of June 21, 1944. to recapitalize on the basis of a singe class obstacle of which 85V shall "be dutributed to the holders of the preferred stock and 15% to the holders of the common stock. . The comomy on Dec. 13, 1944, fled a plan of liquidation which proposed to use proceeds irom sale of subsidiaries to the retirement of its co'lateral truLt bonds and the distribution of any remaining assets among its preferred and common Ltocknoiders in the proportion, of 65% '.to preferred and 15% to the common after which American i d in Atlantic company as contained in the Thi; order directed the company ' "I, . tax accruals for the 11 Railway $.107,823,762 . -. ' ■ dated compared with $9,630,000 and excess profits taxes income , $127,374,566 Corp.—Preferred Holders Service Utilities American 1943.- ; in • File Plan with w"deral 000 Commission dated April 9, to take action necessary /to 160, p. 1730. Monday, January 8, 1945 FINANCIAL CHRONICLE THE 106 etc.—V, 160, p.. 2642. Bowman-Biltmore Hotels 1,171,883. 1,142,671 $10,415,-143 • : Corp.—Adjustment Plan Proposed— The corporation has proposed a plan of adjustment to Its note hold- Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4349 161 ers, under which cash and new debentures would be paid for outstand¬ ing notes. upon not less, than 30 .days', before «mn.v -1,- -ly-fS;. $Hi4.50 it does, not the plan does not create new indebtedness, As and require approval of stockholders. Tue wlU then amount which iinect The more insufficient funds.. will have following $750,000. ■ date interest due. the of As of end interest the For which at $185,460. of notes the at without interest debentures The series which A':, B will ThC series The series or 10-year un¬ debentures face for the after bear Interest wid A's .and retired. been have payab.e to 10 years without interest. are stipulates that of (Expressed Gross from earns, Operating salesmen "Net earnings "Before depreciation amortization.-—V. and , The 21,816,512 35,158.505 160, 2539. p. the to of approximately wholesale of variety lines corporation's and income profits excess such Butler salesmen and from for many and certain had In years. assets the greater 1930 American of position strong a' comprised Net ;•%% lifted. acquisition dry goods have become ' . . Capitalization below: to Effect Net •- profit adding before profits excess refund post-war tax.; of $933,629 pfd. stock Cumul. $754,608 280,000 -. pfd.; stock 118,881 profits tax excess Cumuf. ;-v / —— Add—post-war refund of Common Net to earned profit carried surplus,account $1,213,629 refunds of $891,444 Gross Net from Net tax not are ry; 'November—■ from from Net ry. ; of directors usually dends the felt it paid at above Dee, It be can par) March of as 15, 1945.—V. Gross ry. shares -being in $10 the York Stock 160, Gross surplus. shares Net offered. now to (being 125% evidenced of by the market the last sale whole in of price such of in or the stock stock on at part, $7.50; per shares of Jan. on 3, 1944, ry; to %%■ ■ 21,483 of and within the period above stated. In connection as - purchased by C. underwriter, each of his $31 at used ■ %. stock; the are ' • f~V. options do not confer the Since subscribe dividends, issuance to an or of any of "the the options, of aggregate upon the holders other two persons, 2,000 shares right to vote stockholders. holding options to any rights of of stock, common that may at the present time be issuad pursuant to the exercise of the options issued on Jan. 3, 1944, is 297,500.—V. 160, p. 2755. ; lMcDonald & Co.—© November--, Cross from Net from Net ry. : ,1943 railway—— $250,877 . • 78,C97 income— 28,212 " • from ry. income-— oper. "'Deficit.—•V. 160. p. $162,683 int. of 4,268 35,035 *11,993 2,517,585 1,634,297 ,108,352 Boyce whole $107 932,922" 386,294 118.894- 560,952 547,205 or redeemed Share if in after 158,999 *35,448 Inc., headed a and a group Offered— of under¬ to on or 1, 1948 and after before on or Jan. T, 1948; before Jan. 1, $160 a dividends to 2) ,870,852 5,590,640 254,869,139 225,631,04$ 38,409,729 ' of 100.000 1943 8,730,000 1943 $6,231,000 .$6,282,000 ' 1942 1941 • $ cash 118,472,832 ' 611,486 598,732 119,116,228 95,538,518 the accts. 713,300 dpiibt. contributions 14,081 17,556 1,051,602 663,787 1,047,088 706,569 469,452 . 203,228 128.914 , , profit a%i_—r._ Co. and 5,607,449 prof, 30,747 from Net" from Net 21,391 refund "profits 332.445 5,638,196 of.ex- 128.335 ' 976,300 tax—a—r. ; State income. taxes-%H_: Approp. to gen. conting. . , ■:; Cr205,000 % 26,284 from ry. / % 250,000 . 49,208 ; the 1945 rehabilitation $3,000,000 will in the five-year rehabilitation % 1943 675.359 420,091 - pie--, %;% Date 1951; $105, a 1. 1951 and on or before Jan. 1, 1954, after Jan. 1. 1954, payable with accrued' the. date of redemption. Stock is also sub¬ Jan. redemption through the rates of . 1942 3941 $3,029,507 $1,937,009 1,368,523 355,85U . 72,465. 999,121 187,5%) 20.127,680- 35.776,515 24.37-1,239 26,584,344 10,099,367 13,320,862 748,801 9,375.-005 5.604,823 6,922,546 3,86y&fi-! 5,899;645 income 2755, p. ' 400,000' * Light Co.—Earnings.1944—Month--1943 : % $1,065,735 for 128,500 128.000 1,541.500 taxes™ 2,77,225 287,613. 3,544,467 ^-1%, $175,577 amortization Provision for 1944—12 Mos.—1943 , $1,015,964 $12,290,913 $11,556,3u7 417,221 5,149,311 4.670,3'4\ expenses484,432 deprec. -and " ; — 1.536,000 . •v Net profit 1,646,539 ' 1,267,056 1,635,651 '-.v 2,479,900 *~V. T61, Jp% 3.:■ :■ .% - Gross Int., income etc., — "(A. M.) Byers Co.- -Earnings— Period End. • Net ";" % 1944—3 Mus.%)-1943 3,253,068. Divs. and taxes _ $191,800 . $158,843 "$0.35 $888,170 i;::$0,23 $1,147,113 $1.86 operation of the annual,;retirement fiind preferred aside of —V. shares 160, i tenders for sale to it of its 7% cumulative- stock for the purpose of using separate sinking fund set directors; consisting of 10% of net earnings in -excess paid on the issue during the 3'ear ended Sept. 30, 1944. offered received as well p. 41,800 $80,335 2539. . on as, or' before Feb. price.—V. New York ' p. 1077". The New York and " % Ohio 160, p. ■ $917,764 exchange, remittances for foreign su^icriptlons and advertisements must be made. in New York funds. Ol' $933,6 %■..%■ % • ' Corp.—Listing of General • , authorized the listing of $48,» series, due 1974, which are issued has 3% 2643. , . '■ ' Sto;ck'Exchange outstanding.—Y; Central " Power 000,000 general mortgage bonds, I and"Sh0uld" state- number 160, 501,606 % %.■.-; .. , " Central $284 by-the must be 41,800 ' ' dividends Tenders of . is asking 661,58 > $1,435,28$ 501,6('b * Mortgage Bonds— Asks Preferred Tenders— company 636,263 $1,419,371 $80,807 pfd. stock.: , shares 52,994* $122,607" Balance sh. on 264,635 common The on $2,096,869, $130,135' 52,970 deducts.u—— $-2,055,635 1944—12 Mos.—1943 proiifc after charges Earn, per , Sept. 30—% $183,130 . . , ,,-.... i j Light & Power Co.—Registers Stock—* The company on Dec.. 29 registered with the SEC 11,972 shares ($100 The -Commercial and Financial Chronicle (Reg, U. S. Patent Office) William B,.Dana-Company^ Publ ishers,25 Park Place,: New "YOrk 7, N; Y., REctor 2-9570. -Herbert D. Seibert, Editoi and* Publiplier; William Dana Seibert, President; William I); Riggs, Business Manager. ' Published ^twlce :a week 1 every >Thursday (general news and advertising issue) with a statistical issue on Monday!.' ©ther offices: 135 S, -La Salle St., Chicago 3, III. (Telephone:: State 0613); 1 Drapers' Gardens,:.London,, E.- C., England, c/o Edwards■&Smith, Copyright 1945 by William B. Dana, Company,. Reentered as second-' class matter February 25, -1942, at the post office at New ,York, N. Y., under the Act of March 3, 1879; Subscriptions in United States and Possessions. $26.00 per year; to- Dominion of Canada^ $27,50 per year; South and Central America, Spain, Mexico and Cuba,. $29.50 per year; "Great Britain, Continental Europe (except Spain), Asia, Australla-and-Africa, $31.00 per yearr NOTE: On account of the fluctu* ations to ba • revenue Prov. 11,61b %- 600,000 Approximately $3,138,652 1,156,877 income™ railway——— Operating ' , 200,000 for $3,082,180 Period End. Nov. 30 ' Cr252,000 - it. included not railway oper. 160. Gross %•_ ' •; Cr241.000 58.681 cash 1944 It may be necessary to use considerable casU purpose. Central Illinois '250,000 . 25, -3944, properties In Savannah of the Oceau which are now rented by the railway to railway-:.—— Net l,450,fian 2,500,700 % the by terminal Savannah railway—% oper; ry. Net 84,586 940,000 2,401,000 ... made 4,676.103 805.000 . was with; the settlement df claims of' various creditors; arot* From Jan. 1— 84,291 2,050,000 taxes $1,466,695, .1944 4>591.»U 35,498 deductions from essential replacements Gross 144.224 5,302;lG8 5,337,666 highest bid, Earnings for November and Year to 249,908 .. 53,543 4,214,733 and will have to be made in the reorganization plan for an ade¬ cash reserve for working capital and additional improvemeniK —V. income front of are connection quate 547.092 4.161,190 -, aside 1,032,204 81,429 . ' .. bidding, provision ."%% %' ■*-% 69,964 set river 13,758,814 307,99L exp.- ' ; hand,; including $2,000,000 of temporary investments; cash requirements to Dec. 31, 1944, including $2,-' required for that in 104,391,062 83.759,014 adm. * the issuance of not exceeding $1,45(\ At this price the average annual cost of th« - . Other income cess Payments— 1937, and be Company -and 103,779,575 643,396 & 491,113 The received. on to Steamship 14,793,-741 '15,914,389 Post-war 1, 14 authorized been, accepted. $12,954,509, chase $ 99,192,337 excess Aug. improvement program, of $6,047,768, leaving a balance, of. $6,90b,•The reorganization plan has been filed, and it is desirable, in tho applicant's opinion, that the., railway company should acquire by pur¬ (other than inc.) Other .u . 741. 11,717,064 Cr65,142 Total ' 1944 and * goods sold—% Gross 44,193,913 1.944 7,741,000 proceeds- to 'the applicant will be approximately -1.35'/>>. A statement of the applicant's cash position as of Oct. ^—Years Ended Dec. 31S ; 95,679,800 121,017,353 received gen, •& ^ $ of the Commission states in part: %.;.; ■ offered for sale through competitive were has and Grcss -from share share if redeemed unpaid ject redeemed Jan. redeemed and $103 S were , 78,710,152 of pension part at any time upon not less than 30 days' notice if 1944—11 Mos —1943 ' 27,461,492 293,278,868 269,824,963•! 27,365,196 Net income Ripley share a S ' liberty National Bank & Trust Co. of Savannah and eight associate-s% Shows * 1943%% Peprcc. & amortization 532,170 Maint. -and. repairs.'JLc-%332,214 Release compensation & Preferred-stoclg is' subject to redemption at option of corporation a notes payties 1,000. 1 as $ : 21,135,118 Dec. report The 2397. writers whicii on,Jan; 4 offered 100,000 shares of cumu¬ lative preferred stock, 4%%- series, at $103 per share.- if 1944—Month—1943 — due on The Income _J_—96,170,914 121,616^)86 Total Cost ; at Railway—'Earnings- '' the applicant also invited tiidS from 67 investment"houses, ;banks, and insurance companies. In response thereto five bids representing 19 1,000 1 Consolidated dis- income rniscell, ' less counts, etc. Rentals, $98,677 53,369 42,321 Butler Brothers, Chicago—Preferred Stock Harriman & " ' $ * $171,766 Jones & Co.^a Bros. " •Oct. 31,'44 •- ; ■ railway— 2,784,842 Net from railway—1,037,858 Net ' 58.080 *. 2,000 — ■;'■ *10 Mos. End;1' • reserve -V?: ;;%.■'%■ v 1941 *438,33:4 6,030,078 interest 986,430 Fed. 1942 *103,822 ' " of promissory notes-in evidence'of the-unpaid portion of the pur*, chase price of certain equipment to be acquired under a conditional;sale or lease agreement, the notes to be sold at $1,466,695. Chapman Sz Co._,a_ 1,000 Graham. Parsons & Co.$i_%.' 1.00a Edward D. 3,000 il— Statement ' railway oper, -From Jan; 1-^. Gross 1944 > *232,232 *528,653 Trustee, Notes Authorized— Farwell. Whipple "& Co.%^i_% 2,000 Clark, Dodge & Co 2,000 sales, 1.255,781 160, p. 2755. The ICC Piper, Jaffray & Hopwood_ 2,000 Merrill, Turben & Co._; 1,500' Baker, Weeks Harden 1,000 Bacon, Gross *73.420 ■ *486,265 2539. p. '% ; 1,314,088 488 1,000" Sons— Fed. normal & surtaxes 1 *76,592 - *901,825 income__J % *958;075 160, *38,487) Feb. 1, 1938, - Aug. 1, 1938, ai d 1939; on the first mortgage 5 %- gold bonds, due 1945, was paid beginning Dec. 29, 1944, at offices of Bankers Tru-st Co.; New- York; and Liberty National. Bank & Trust Co., Savannah, Ga. The-* interest due Nov.. 1, 1934,. on the consolidated mortgage 5% gold bonds, due 1945, was paid, beginning Decf 29, 1944, at • the sarvft offices;. -%%,-%;%^,-,%;-%i\:; ■ %■>■■ 1,000 & , Burlington-Rock Island RR.—Earnings— - 1,223,021' Central of Georgia Railway—Interest have resigned from the employ of the company and have accordingly fbroptions. Consequently, the maximum number of shares fcited.their % earnings---..—-— The The Illinois Co. of Chicago, 2,000' Kebbon, McCormick .<& Co.— 2,00o ; Stein Brown The Wisconsin Co.—: Taxes The % - y S8&.4"»0 *43,250 Feb. .1, Shares - 3,000 Alex. transferable except by operation of law on the death of the holder,, in which case it may be exercised by the personal representative of the receive % 1942 $3 21,962 *100,504' *76,339 % 7 .1942 $107,199 *61,746" *29,290 inccme_„s . 1943 $126,092 % Week Ended Dec. 21— Traffic earnings ;as Rauscher, Pierce & Co.—u for to , . 10 Days End. Dec. 31— several respectively, I. M. Simon &<Co._ Prov. or ;% 1944 . earnings Traffic the (b) 3,500 Sell., holder. 1 railway i;392,597 railway—J—' *497,598 oper Net Hemphill, Noyes & Co.—2;000 Corp..*._^_—4,000 Baker & Co.^lil after the one-year period above referred to and the retirement shall have been approved by the board of directors. None of the options are ;% Pacific Lines in Vermont—Earnings— * r- earnings Working expenses as Spencer Trask & Co.—;—-4.000 . retired 939,56$ 521,460 1,501,791% % %'.;:/; share, per Alfred- L. ;'■% ■""%; %., % %.;, %::%%%,; If a holder discontinues his employment prior to the exercise of his option except by reason of physical incapacity or death, or is dis¬ charged for proper cause, the option becomes void unless he shall have ability. 3, 274,6G3 1,982,672 2,034,156 Gross Dominick <&r Dominlck—2.000 Langley & Co.—4.000 such the best ' 4,730,286 2,607,317 - be Lee Rlgginson options, each holder has entered into an employment agreement With the company agreeing in consideration of the issue of the option to him to perform the full and regular duties assigned by the company for one year, whatever the nature of such duties may be, to •" 5,907,833 oper. ry. %,%:■; i G. W. Ex¬ with the issu- *23.3 5$' — to be are of the several underwriters and names Becker & Co., Inc___ 4,000 Central Republic Co. (Inc.) 4,000 Harris. Hall & Co. (Inc.)— 4,000 while in such employ) at any time in full and from time to time in part, after the holder has completed a full year of continuous and satisfactory employment with the company from Jon. 3, 1944, and prior to the expiration of the option five; years from such date, pro-. Vided that if the holder is prevented by death or physical incapacity from completing such year of employment the option may be exercised by him if he is incapacitated "or by his personal representative if he lias died after the expiration of said period of'-one year from Jan. 3, of 170,285 5.554,267 Period End. Nov. 3C— • $9,949,750, . 1944, railway ;railv/ay'__%_ railway ; from U,144,803 shs* (Exclusive - Feb. -9/ 1945, on Smith, Barney & Co;_i— 6,000 Union Securities Corp.6,000 A. change on that day I Each option may be exercised while the holder is in the employ of the company (or after a holder's death if he died ance 129,639 5239.3-'0 $484,271. ■ From Jan.-1—< - *100,000 shs. - convertible preferred Blyth & Co.; 'Inc.——6,000 Glore,- Forgan -Co.-%_'c2u,'t. -6,000 Goldman, Sachs & Co 6.000 share New Y"ork Stock the 13,564 71,576 income—, Canadian Pacific . proceeds, redeem %<%< Shares Harriman Ripley & Co., Inc._X2,OOo Exchange has authorized the listing of 297,500 stock (no par) on official notice of issu¬ holder the 227.198 Gross, from follows: common 1941 182,771 railway—2,051,152 from . of 1942 - $518,228 245,713 1 , 100,000 shs. ...... estimated net (a). $8,398,272 amounts the exercise of options, making the total amount of common stock applied for 1,954,308.shares. On Jan. 3, 1944, the company issued to 163 of its administrative and executive employees and officers options to subscribe to an aggre¬ gate of 299,500 shares of its common stock. The options cover numbers of shares varying from 300 to 58,440. Each option is exercisable at election 1943 $537,529 ifora Net 1944, the par value of common stock was increased to $15 per share. By this change the aggregate the common stock then outstanding was increased from working' capital. upon the Maine—Earnings— 1944. .- Canadian -treasury. of the* outstanding all ditional Common Stock— The New 209.93^ *459,894 opdr. November . share per Underwriters-—The additional shares of "334.455 *1,105,543 . income,— 3,095,432 "Deficit.—V. 160. p. 2539. : %:%. together with funds, if any, not used for the redemption'of such shares of convertible preferred stock as may have been-converted* will go into the corporation's general treasury as an addition to current , 1,844,638 1,919,400 *u94,508 *1,199,383' 2398- railway— from from Net balance, (Edward G.) Budd Manufacturing €o.—-Listing of Ad¬ ance - "Deficit.—V. - . ~ 2,000,000 shs. Purpose—The are • *o.26^ 1,593 000 *420.639 *1,022,763 railway—, oper. Net 150,000 shs. ——— series——- shares, held earned ^ahead. your assets, and passed the dividend our hope and belief that divi¬ is resumed 2539. p. that uncertanities conserve 1944. 15, rate some to necessary on the and 60.4 :■* . V view *313,652 *371,586 From Jan. 1—^ • •' - follows: In *81,709 Corp., petition. not be may C204.68F5 "138,923- 1.701,700 — railway. oper. Net par value of $11,448,030 to $17,172,045, an increase of $5,724,015, of which $4,907,312 was charged agAinst paid-in surplus and $816,702 was charged against they as hostilities. --Excess of - 1941 1942 $154,500 74,328 Canadian Pacific Lines in • Gross of used as profits taxes are, at the rate of 95% for the year 1944. We are told that our production and products are excel¬ lent, but our profit is too high, and it has been demanded that we reduce our selling price even though- it be-now lower than com¬ asset, tv' $126,900 *19,474 income "Deiicit.—V. 160. p. Note—On Dec. 8, from usable as a current collateral until after the cessation profits excess ($100 stock "These issued $873,489 '$831,444. paid Post-war railway— income • " 1943 $154,700 - > Dividends 1944' •- railway Jan., 1— from railway Net Financing) Authorized . - Renegot'n Renegot'n 790,408 From dry goods field. important part of an Present ' Particulars—: 093,804 092,909 . i * „ (Giving After Before l.Tos.e^n 864, b52 533,708 oper. Net the renegotiation refund is shown The net effect-of 1,674,774 502,511 1,922,593 689:868 1.676,/437 .. are ment. 4^.0iq 2397. p. from ry. the ;corporation' Wholesale 36,870 , income—; November— the in 46,585 61,596 . ■ 160. Gross from to part ■$l4u,75n' 60,003 601,464 railway-—— oper. 19-11 1942 $157,575 Canadian National Lines in New England—Earnings- retail merchandise of listing of $13,-* 1974, 3J/s%, which) r 2i;609 . 57,851 from, rail way ry, ■—V. Brothers, merchandise lines; In recent yesirs 'a sizable and rapidly-groWing-Volunre has been developed in floor coverings. Prepara¬ tions are well un'der way for expanding the corporation's merchandise lines in home furnishings and major home appliances, but important sales increases from -new items in such lines are not anticipated until existing .war-time production restrictions on this type of merchandise the Federal Govern¬ to taxes, Gross 4,500 business acquired -the business Since ; Ccughlin, President, states: ' • Under renegotiation proceedings covering business for the year ended Dec. 31. 1943, pursuant to the Renegotiation Act (Title VII of the Revenue Act of 1943), the corporation has agreed with the War Contracts Price Adjustment Board to refund $1,910,000, less credit Federal through the 1, $i 12,012 \%%%.- Net , L. lor distribution Nov. .1943 . .$142,299 income— oper. Net each""-serving a different group approximately 2,200 Ben Franklin and (representing slightly more than 50% of the' ? Baltimore,' Md.;'. which C. ry. From Jan. I—, to .wholesale/businessi; fields Sale -.v Briggs & Stratton Corp.—1943 Renegotiation— Net distribution, in which the corpo¬ ration and its. subsidiary operate, are both highly competitive and are expected to .become increasingly so in the post-war period. I: ; $2,384,617 $28,121,414 $25,716,015 $2,628,462 , railway— from broad of authorized due 160, p. 2755. 1944 , stores and dealers in metropolitan areas; arid retail sales to consumers through 142 retail stores of the corporation's subsidiary, The Scott-Burr Stores Corp. \ 1944—11 Mos.—1943 2,141,243 2,348,859 _ retail ;st-ores ; corporation's ^ . distribution series Net .from railway-,—56,304 about 18.000 other retail stores (constituting the general wholesale part of the business); sales of floor covering merchandise through specialty $4,525,860 $53,279,919 $47,532,527 $4,977,321 oper. expenses United States currency) in 1944—Month—-1943 national Exchange has bonds, outstanding.—V. November— Gross popular demand variety goods, dry goods This business is diversified into the follow¬ contract sales customeis: Federated Brazilian Traction, Light & Pow£r Co., Ltd.—Earns.— Period End. Nov. 30— general merchandise. is Stock mortgage and Cambria & Indiana RR.—Earnings— •V ing four separate types, of distribution; * dividends shall be paid-upon no business York first issued are . the stock of the company of; any class nor shall any -shares of stock of any class be purchased by the company until all the series A, B, and C .debentures shall have been fmly paid or retired.—-V. 157, p. 1419. plan New 500,030 1954, and Corporation's • principal lines of * medium priced, of the rate at - Net and note or Busiriessa-Company was founded as a partnership in Boston. Mass., in 1877, by Edward B. Butler'and his two brothers.The business, was .incorporated in Illinois June 7, 1887. Principal office of corporation is 'located at Randolph and Canal Streets; Chicago 6, 111, • ■ of amount - History interest. debentures fixed become C debentures B accrued for The L:stlng-%-Applieation •'will;be' made to list the preferred stock, 4Va% Series, on the Ne(v York"and Chicago Stock Exchanges. %.%'■%% '■ r':. had 1943 1948, % general of .scries C • " California Oregon Power Co.—Listing of Bonds— on,or 1, Butler Brothers,. Chicago, 111. Registrars are Irving Trust Co., New York, and Continental Illinois National Bank & Trust Co., Chicago. ; ' at $187,303, to $583,658 and \ .w:-%%■;%. %■ the creditors, which aggregate $545,096 -and unpaid interest of $216,235, the plan cash •payment equal to 25% of face, amount of note end either proposes :-'%; % • to note interest .Ten-Year Corp. amounted to $502,381 and unpaid while the note of the Three-Year Corp. amounted paid the 1943 Jan. 1947, based on consolidated retirement through purchase or redemption, of 2%, greatestv number of shares of cumulative preferred stock, 4'/a % series, at. any time'outstanding; Dividends are cumulative and are payable quarterly on March i, June 1, Sept. l and Dec. 1 of each year, The initial dividend,- payable March 1, 1945, will amount to $0.65 per. share; Transfer agents; are Guaranty Trust: Co., New York; ana under the indenture must retire wichin three years. To the Ten-ye.u: Noteholders Corp. and Tnree-Year,Noteholders Corp. ; the plan proposes to issue series B debenture's for principal and series C tor bef ore yJart." l, after if redeemed after Jan. 1, $104 a share the of company debentures redeemed ix snare a net income,'for the . . the notice at $105 a share if redeemed 1951; retirement fund for each year commencing %■■-% Tne company's note to -the Bow-Bilt Corp., on which interest has been paid, amounts to $1,304,434, and the plan proposes payment of $020,832 in cash 'and the balance in series A 4 % debentures, which and series C, 732,000, oil 1, and $103 a share If redeemed Jan. 1. 1954, payable with accrued and unpaid dividends to the of redemption. Provision is made for a cumulative annual after ; before Jani or and 2951 the creation of three series of . debentures, amounts: Series A; $506,750; series B, $1,- contemp.ales the to to notes coming due on Aug. 17, 1945, which than $3,800,000,. including interest, and to na.s the company plan limited it says company . on ■ ' 108 Monday, January 8, 1945 CHRONICLE THE COMMERCIAL & FINANCIAL ■ • cumulative preferred stock to be offered in exchange for an'equal of outstanding $6 cumulative preferred shares. exchange is part of the company's plan of recapitalization and par) The plus a cash adjustment. exchange will be offered pub¬ madf on a sha.re-for-share basis shares not absorbed in the will be Any new share. dividend per company, Feb/ of 1, Aug. the in $25,632 at 1945, 28, due bonds noon ref. sum 160, p. 2755. sink.ng fund.—V. 1944 1943 1942 income.. 518.658 $4,841,871 1,508,418 913,966 $3,401,411 railway—._ $4,841,676 1,284,318 362,472 Net ry. oper. Net from Net ry. —V. Net ry. railway- income.. oper. 160. ._ to has SEC 10,320,728 Net from Net ry. 4,704,138 ,p. approved conditionally the Ap¬ VvV'. Corp.—Plan Service Public • plan ; of the corporation 14,000 shares $50,000 prom¬ Colonial Utilities at the amount interest at rate of 4%.—V. 160, from Vermont Utilities to issory note accrued date of purchase plus on ' 2755. from Net from Net ry. —V. ' 160. income... 2398, p. $674,526 $706,562 226,340 Certain-teed Products Federal taxes profit —V. 160, p. 123,130 2,154,392 1,326,658 .Net from Net ry. Nov. 7, '43 $3,947,535 2,749,314 $1,198,221 $1,072,937 $0.75 $1.60 $1.28 v . : $339,933 118,880 102,253 46,281 income... Ry.—Earnings— 1943 1944 $355,827 ' 79,545 ■ 1942 v 1941 ■ $331,558 141,751 69,738 $276*334 86,431 45,417 from Net from Net ry. from 160. 1,475,115 railway 684,833 income oper. ry. —V. 2398. p. 3,959,589 1,502,700 716,916 4,211,391 railway.— from Gross Net 3,583,684 1,462,051 800,714 3,103,319 1,227,552 730,602 # Chicago Burlington & Quincy RR.—Earnings1942 1943 1944 November— railway.... $21,130,865 $19,604,556 $16,464,263 7,598,509 Net from railway 9,037,921 8,647,186 4,126,178 Net ryl oper. income 2,430,528 1,093,729 -s U 0, ■ ■' -: •••; ■ From Jan. 1— from Gross railway... 87,181,138 198.420,239 91,207,112 income from Net ry. 24,955,681 36,171,403 220,591,627 railway from Net oper. 160. • 1941 $9,995,800 2.222,572 149,006,077 106,947,216 60,048,637 32,660,811 32,550,439 17,673,328 Net I from A' 1343 1944 $2,789,189 $2,830,141 868,437 1,001,499 income 131,889 208,324 railway oper. ry. ; railway—... from Gross 1942 $2,156,56G 817,173 383,257 1941 $1,583,890 334,086 52,100 From Jan. 1— from Net ry. —V. 160, 29,667,772 9,706,033 income 31,544,413 11,197,464 2,702,335 railway oper. 3,521,563 21,523,867 7,109,435 3,337,811 4.436,140 November— from Net from Net ry. from Net from Net ry. —'V. : $2,556,806 1943 1942 1941 $2,185,924 786.249 484,527 $1,755,679 782,094 914,386 252,224 income.; railway... income.. 334,859 587,866 Ry>—Earnings 4942 1941 /. - 27,812,134 23,080,872 19,571,663 8,435,910 ^10,718,953 - 8,185,970 6,730,812 2,885,969 2,102,965 2,726,007 27,814,826 from Net from Net ry. 1944 3,543,196 . 1943 1942 of 371,033 %'X 347.505 69,847 25,027,818 6,068,370- ' 7,674,372 3,302,301 4,600,408 21,423,122 18,286,484 4,034,299 1,457,359 . >••697,464 24,940,381 the * . . from Net from Net ry. $520,898 $482,840 $427,140 241,356 206,214 215,102 124,026 78,388 income -ML 160; 84,655 88,744 106,157 6,449,582 5,791,236 5,578,246 4,876,189 2,570,025 2,416,696 2,277,054 1,955,502 892,382 railway tinental 5,317,418 2,963,333 914,174 899,003 980,801 income Board and flown . ' . ... , Chicago Indianapolis & Louisville Ry.—Earningsfrom Net from, Net ry. 1944 railway— railway— 1943 1942 $1,000,347 $1,206,306 $1,041,653 $948,578 186,241 530,974 390,993 363.107 68,746 333,791 291,846 244,106 — income oper. 1941 From Jan. 1— % and Houston other cities railway—__ 12,429,012 12,071,994 4,608,427 10,594,368 3,511,138 9,844,288 4.018,794 Net 2,370,098 3,185,433 2,324,606 1,996,442 from ry. —V. income—_ oper. i.. . , • . Muncie, Orleans New to and Southwest.- ~ ' • 1944 V; 1943 . 375,777 35,195,364 33,461,110 14,018,329 railway..—. : 15,845,158. 1,219,563 income from, railway Net ry. —V. 1G0, P. Chicago Milwaukee November— from Net 'from Net -ry. Stl 3,436,033 Paul & Pacific RR.— ■Earnings 1944 railway.... railway.^ oper. income 1943 1942 1941 $18,514,440 $19,508,371 5,469,279 7,340,742 5,026,433 2,861,544 $16 ,372,779 $11,369,041 ,737,253 2,697,899 540,371 1,563,234 208,032,633 205.796,470 61.498,268 83,286,728 162, 962,527 127,113,731 from from Net tv. —-V. income.- railway oper. income from >. . . $312,000 $1.17 $0.17 ' $0.89 : \ ' 1,293,989 1,372,366 2,240,251 >264,877 292,004 98,758 139,268 20,110 r ' ' 1,517.485 281,629 106,849 . railway——— income—. .157,876 - • :. 55,333 $121,836 35,504 ;■/ 17,468 1966. p. Output— Commonwealth Edison, group of companies, excluding sales to other electric utilities, for the week ended Dec. 23. •1944, showed a 11.8% increase over the corresponding period of 1943. Following are the kilowatt-hour output totals of the past four weeks and percentage comparisons with last year: Electricity output of the Dec. ^~V. 160. Dec. — revenue Gross, 20,618,634 -8,618,094 5,551,119 Divs. — 8,865,748 : 2,214,778 2,127,003 26,422,815 22,549,629 3,687,193 4)729,425 55,128,347 58,590,010 3,348,897 3,360.534 40,640,313 43,286,844 —— 1,220,185 1,389,185 15,982,131 16,496,566 — 976,813 11,120,601 11,721,918 205,456 1,666,714 2.351,458 , stock pfd. of 894,852 deductions Other 1944—12 Mos.-r-1943 17,597,537 211;080,511 200,008,288 7,380,574 /. 88,889,035 75.581,804 — A subsidiaries 2399. ; taxes—_ for on 18,116,617, — _ income Interest 4.5 + 3.4 and deprec. amortization Provision 3.0 + 199,516,000 % 1944—Month-*-1943 ■ — — expenses for Prov. + 399,358,000 & Southern Corp. (& Subs.)—Earns. Period Ended Nov. 30- Operating 4-11.8 203.690,000 2756. p. Commonwealth • % Change 187,964,000 210,138,000 16—J—— 209.898,00C 9 208,424.000 2_:>———— 206,377,000 23 Dec. ■ •1943 1.944 Week EndedDec. X 1942 .-X.-. 1941 > $3,046,166 $1,969,364 1,769,402 811,906 • 664,490 546.649 27,692,938 12,643,989 1941 6,867 1943 $119,168 6,690 railway - .3942 ': $189,928 31,301 U 6,746 •i .. income— oper. 160. Gross Amend Cities Service Co.- -SEC Permits Company to - 181,377 —• 29,911.641 160, p. 2399, 52,108,975 57, 151,375 30, 925,868 1,052,482 *Net income • • 38,647,406 26,119,029 - ii;870,865 -12,716,901 7;- 789,079 dividends on preferred stock "Before Contracts— of parent corporation, Weekly Output— ■ ; this-corporation adjusted to show the on Dec. 29 permitted the company- to amend its contract governing the. filing of consolidated Federal income profits tax returns in or^er, that a wholly owned subsidiary,. Cities Service Refining Corp., may retain half of t.he sayings.aris¬ tory. served for ing from SEC subsidiaries Code. Street Buildings— at 52 Wall St. and the City. The company already owns ;Sixty"Wall "Tower, the 67-story building, jqst ' across the street from new acquisition, and now owns 1,500,000 square, feet of office space in the downtown section of New York.—V. 160,' p. 2644. : ; vX -.v';- ■v Power & ) Light Co.—Accounting Ad¬ Service justments Made in Simplification Plan of Cities Group— ■ Securities . Cities Service • Commission approved Dec. 29 account¬ which jurisdiction had been reserved when the & Light Company's simplification plan was ap¬ Power The adjustments include: The donation by Cities Service proved. ; - Co. to Cities Service Power & Light Co. of $20,000,000 par value of Cities Service Power & Light Company's common stock and the creation of a like amount of addi¬ tional capital surplus on the books of Cities Service Power & Light Co. (2) The setting aside oh the books of Cities Service Power & Light Co, a by a balance sale of contained losses on charge to earned surplus account (which account of $9,073,757 at;: &ug. 31, 1944) of a reserve for investments*dp the amount of $35,000,000. . certain T^e elimination of the resulting deficit in Cities Service Power & Light Company's earned surplus account in the amount of $25,926,243 by a charge to capital surplus account, and the dating of the earned surplus account from Aug. 31, 1944.—:V. 160, p. 2755. November— from Net from Net ry. ' railway oper. income ^ $1,146,411 588,746 468,006 $954,934 - Gross from Net from Net ry. —V. railway railway oper. 160. p. income..: 2540. 5,638,535 2,665,528 expenses Prov. - for deprec,- and amortization; Operating Provision taxes.— for $1,041,096 489,823 deducts. and other pfd. on Amort., Balance -V„ 160, 429,301 318,004 1941 1942 $916,923 $1,066,064 - 457,342 317,018 648,448 505,009 % . 11,617,782 ,11,302,892 5.973,407 6,560,588 10,094.592 5,342,610 4,926,972 4,740,656 5,896,267 - 21,961,499 . < -9.63Q, 284 13,016,056 6,900,084 15,923,789 $1,057,353 $12,507,461 $12,511,119 420,065 -.5,)74,339 . 4,767,547 $637,288 $7,413,121 3;424,818 $7,743,571 285,388 $265,883 etc. $351,899 $3,988,303 $4,253,475 stock, 3,424,818 65,278 • — p. - 285,388 stock.— pfd. of expenses, '• ' 567,289 1,474,494 $551,272 Net income Divs. 1,935;739 -25,181,652 J 822,090 680,728 income Gross . Int. 2540. Cincinnati, O.—Christmas Bonus corporation distributed more than MOO,000 in Christmas bonuses to its 9,800 employees—in both manufacturing and broad¬ casting divisions—it was announced. To all employees who had been continuously emp1o"oH bv the com¬ The last year pany 13,086,088 v 6,875,740 $5,209,443 revenue Gross 1944—Month—1943 1944—12 Mos.—1943 $5,034,878 $60,415,455 $57,296,492 Nov. 30— Period End (The) Crosley Corp., 1943 1944 railway.... Power Co.—Earnings- V Consumers Clinchfield RR.—EarningsGross Inc.—Output— ' The company on Jan. 3 announced that,.system output of elecr tricity -(electricity generated and purchased) , for the week ended Dec. 31, 1944, amounting to 186,700,000 kwh., compared with 219,400,000 kwh.* for the corresponding week of 1943, a decrease of 14.9%. Local distribution of electricity amounted to 174,900,000 kwh., com¬ pared with 208,700,000 kwh., for the corresponding week of last year, a decrease of 16.2%.'—V. 161, p. 5. and Exchange adjustments over ing V of general business conditions of terri¬ Consolidated Edison Co. of New York, - has Service Cities output of electric energy of subsidiaries the week «nded Dec. .28, 1944, amounted to 235,701,701 as compared with 224,260,416 for the corresponding week in 1943, an increase of 11,441,285 or 5.10% .-^V. 161, p. 5. -^ "" ' • acquired the 32-story "office building 10-story building at 54 Wall St.,- New York company \\ The weekly kilowatt hour the;Internal Revenue special amortization' privileges under .- ■"... ,V. '. .....^ Purchases Wall From Jan. 1— From Jan. 1— Gross Net $482,000 $380,000 ; .X Commonwealth Edison Co.—Weekly X Ry.—Eaxpings 4,519,351 5,769,672 4,511;502 income.: oper. 366,268 shrs. com. on 2293 p. from —V. : railway Net $1,545,000 >1 $989,000 1,063,000 677,000 685,000 1 tax)— —— shr. oper. ry. Net ry. routes.—V. 160, p. 2755. $3,158,944 1,497,209 -. 596,387 $3,151,727 railway—. from Gross of Sept. 30,'44 Sept. 25/43 Sept. 26,'42 profs, exc. profit 160, Net Castle, Marion, New November— oper. > issue authorized -• Cincinnati New Orleans & Te^as Fac, from miles. for a total $1,065,000 (inch From Jan. 1—* / ry. charter stock profit per Gross fo Indianapolis, and then over Memphis, Little Rock, Shreveport via Jackson from Memphis, and post-war foreign, domestic and local service from approximately capital of Net Net Fort Wayne,. Ind.; and Toledo, Ohio. "It is expected that this service will be Inaugurated in the early spring of this year. TV A soon plans to inaugurate service between Boston and Pittsburgh by the way of Albany and Williamsport. C. & S. at the close of 1944 has on file with the Civil Aeronautics Board a total of 13 new route applications covering over 23,000 miles Gross miles 13 Millstadt, " Chicago and Southern' was recently, granted a certificate to operate Memphis to Detroit, by way of Paducah, Ky.; Evansville, Ind.; of a 1944 Gross from railway.—$141,880 Net from railway—.-A-23,370 *; 160, p. 2398. Gross - is known as the Millstadt bTanch, extends from point on the main line- of the Gulf, Mobile & south of East St. Louis, 111., to the end of the which Junction, Columbus & Greenville Ry.- —Earnings— from Anderson, and operation by the the purchase branch line of railroad of the Gulf, Mobile & Ohio RR., St. Clair Counties, 111. The Commission also granted authority to issue not exceeding $25,000 of capital stock a November— transcontinental the South in 737,009 and taxes —V. Chicago and Southern Air Lines and Transcon-Air, Inc. Under the agreement planes would route-from New York, Philadel¬ by Western TWA's on authorized 30 Dec. on of company's Earn, (3) Net; from railway——— Gross p. Operating Fed. York to New Orleans and Houston by the way Memphis, which would bring about Improved: fly¬ Pittsburgh, and Harrisburg and Southern's routes to phia, (1) November— Gross 389,221 547,313'. 219,889 income 2399. 13 Weeks Ended— • 1944 of year Chicago 2398. p. 253,105 69,636 Of this amount $5,000 has been no stock has yet been issued. entire $25,000 of stock, $5,000 thereof to be sold to the subscribers to provide for present needs, and the remainder to be sold to the stockholders, from time to time as re¬ quired. ' , ~ >» between time The railway.... oper. 240,940 about at $25,000 Agreement to Interchange Equipment— ./ i. -.'' equipment interchange agreement which would provide through Indianapolis and be From Jan. 1— Gross 1,501,254 7.61 provides (par $101. subscribed by the organizers, but Authority is granted to issue the $2,117,029 $1,689,254 ,553.?Q0 .-.•,,.-292,925 4 410,309 duririg • Aeronautics 1941 $563,581 railway railway oper. 1,669,613 722,016 $10i. branch, The . November— Gross 35,595 1,622,211 616,599 1,551,473' railway ICC Ohio Chicago & Illinois Midland Ry.—Earnings— <: 22,515 company line - plane service from New 235,183 2398. p. - < Makes The railway oper. 160, 22,345 Columbia Pictures Corp. (& Sub.)—Earnings— corporation The From Jan. 1— Gross 22,967 and excess $2,770,860. 1944 - railway.. oper. j 2539. levels. war with - railway.: 1943 - 1,748,481 Chicago Great Western Ry.—Earnings— Gross .Income... Monroe the . 16,941,021 2755. p. $155,406 61,440 * from railway—_ Gross Net in From Jan. 1— Chicago & Eastern Illinois RR.—Earnings— November— $151,661 59,694 railway—... 160. !: $2,314,237 income... $140,637 48,627 oper. company Minnesota the road, $2,236,282 678,334 income.... 1941 1942 1943 1944 $138,943 oper. The carried 2,490,924 pounds of air mail as compared with 678,624 pounds-carried during 12 months of 1941, the first year of World War II. This was an increase of 261% , according to R. L. Heininger, General Traffic; Manager.-: Air express increased 386%; the line carried 1,102,616 pounds of air express dur¬ ing the year as compared with 226,972 pounds carried in 1941.' C. & S. carried 106,095 revenue passengers during 1944 as compared with 62,125 passengers carried during the year of 1941. This was an increase of 70.78%. The line operated for eight months of 1944 with one-third less equipment than it had in 1941.In Octobprj;the Army returned two planes to the company, -restoring its equipment to pre¬ This Net • Net 1944 : • railway railway—... from tpa-r 1,145,673 2644. P. 2399. p. Millstadt railway....;.-. p. Net —V. 7.344,594 1,909,558 1.037,476 Columbia & Millstadt RR.—Purchase, Etc.— be Chicago & Southern Air Lines* Inc.—Record Year— . - Gross will 160, p. 2755. !/' railway...." oper. 160. and From Jan. 1— Net 9,623,910 3,425,343 2,480,414 from —V. Eastern cities and points in the South, Southwest, Midwest and the Mississippi delta,- was filed on Dec; 27 with the Civil , 3,050,102 From Jan. 1— Gross 88,366,731 25,577.270 16,232,393 daily, operating train, streamlined t: oper. ry. Gross ing railway... oper. ry. Net D. railway.:.. railway.. from —V. —28 Weeks Ended— $533,887 $0.55 railway.... from Net 585,011 123,233,593 47,507,571 33,696,284 69,345,474 37,631,018 from Gross 7.196,317 Nov. 7, '43 Nov. 12, *44 $1,805,895 $4,222,951 1,272,008 3,150,014 Charleston & .Western Carolina November— t Gross - 161,854,769 Dec. 29.—V. on 12,966,393 5,032,561 2,705,904 from 1,372,401 2,858.164 November— * Corp.—Exchange of Stock— $461,502 - share—. 1523. Gulf,. J. 5,523.895 income... from Net 1941 Rock Island's'Mid-Continent route from Farrington, Chief'Executive Officer of. the over the to. announced 15,644,700 railway.. Colorado & Wyoming Ry.—Earnings- 5,716,795 3,743,431 68,621,453 25,530,431 income 49,164 oper. 160. Gross 1942 5,777,668 transcontinental 409,714 $7,634,168 174,797,117 railway.... oper. Texas, An Net Earnings per —V. From Jan. 1— 2,316,033 1,342,915 Nov. 12,'44 $1,961,516 -/ 1,500,014 after charges Net 100,445,382 27,305,131 16,055,076 14, when, the Rock Island Lines' "Twin Star Rocket" makes .its first run between Minneapolis-St. Paul ;and Houston, 142,350 —12 Weeks Ended— ■A;-. Period— ry. placed in service, on Jan. Net Champion Paper & Fibre Co.—Earnings— /X from Net ry. railway.. new Net Dec. on ry. A 205,353 29 announced that 16,525 shares of its 6 % prior preference stock have been deposited under the offer of exchange dated Nov. 24, 1944, leaving 32,116 shares of this class of stock outstanding. A total of 18,732 shares of prior preference stock have been retired under a previous exchange offer made on July 17, 1944. The two operations have reduced the outstanding shares of this class by 52%.—V. 160, p. 2398. corporation The Net 7,513,575 2.174,603 1,304,781 8,459,329 8,142,511 1,861,964 832,126 railway—:.-T oper, ' 1943 Chicago St.. Paul Minneapolis & Omaha •>' 1941 1942 ■ . railway from Gross 1— from 384,530 The $774,008 268,630 174,744 from From Jan. Net 296,759 from'railway.... Gross Net $14,553,515 $13,052,629 1,446,977 income... oper. 140,459 income November— 6,165,236 / $687,171 493,020 . 1944 ... $1,094,035 606,717 oper. Net V •' 1942 $1,411,398 612,724 ' 1944 J- From Jan. 1— •'<; ' - $16,278,756 railway..-.. •' 1943 1944 railway..$771,091 from railway..:—' 275,319 ry. oper. income— 379,936 Net ' 2539. ry. From Jan. l— Inc.—Earnings- Central Vermont Ry., Net ' railway ■ : " • November— Gross 1,930,069 from 39,690,684 purchase for $462,000 from Colonial Utilities Corp., capital stock of Vermont Utilities, Inc., together with due income... from Net 1941 $8,921,415 1,416,922 358,327 $12,129,130 4,724,341 4,071,251 4,229,270 2,428,612 1941 1943 railway..$1,719,265 from Net 1942 1943 1944 4,446,630 p. 1628. railway.-—.. November— Gross to Date and Year November Chicago Rock Island & Pacific Ry.—Earnings- :v Vermont Central of of ' . Gross Irorn railway.... 153,740,015 150,168,323 125,957,757 Net f-rom railway 46,329,524 56,782,231 39,778,277 Net ry. oper. income... 21,728,041 36,977,522 23,168,693 —V. 160, $16,000 .*$103,443 ; ; Colorado & Southern Ry.—Earnings- approval.for From Jan. 1—• Gross 2755. p. proved—\ The number a railway....:... oper. 1943 31—1944 • provision of $50,000 Federal income tax.—V. 160, p. "After Bank, Chicago, acting been " accepted by the railway.... $14,321,852 $13,650,437 from Gross . and subject to ICC from 210,657 52,549,735 16,761,204 8,393,424 58,220,003 16,533,585 5,664,366 56,032,509 14,495,881 5,252,800 ._ purcnase First National other banks, has the November— railway... from Gross itself Net 417,819 From Jan. 1— to income , from notes 1941 $4,900,299 1,289,259 railway__ from from proceeds the use the November— 165 Broadway, New York, N. Y., will until receive bids for the sale to it of 1st mtge. 1949, to an amount sufficient to exhaust the November— Net to for railroad, Gross Central RR. of New Jersey—Earnings— Gross bid A City Investing Co.—Earnings— 6 Months Ended Oct. •■ Net 1%% a 28 D.esel locomotives for $3,261,396. about Earnings Ry.—Tenders Sought— Central Pacific bn amend¬ and year, for . * Company has requested the Interstate Commerce Commission to sell $3,500,000 ox its promissoiy notes, bearing interest at 160, p. 2180. ment.—V. The , underwriters will be named in an and it preferred shares at $110 , rate The • used to redeem $6 and proceeds will be licly $3,500,000 Notes to allow Chicago & North Western Ry.—Plans number roll who since anv date on pqvWn p. Dec. joined 2182. on 22, the Dec. and who wwe on the pay¬ paid. To employees since July 1, 1944. and -.i- o re on the Christmas bonus of $12.50^"* paid.—V, 160, prior to July 1, 1944, 1944, a $25 bonus was companv 22, a Detroit & Toledo Shore Line Offering—A special of¬ Curtis Publishing: Co.—Special fering of 3,200 shares of prior preferred stock (no par) was made on the New York Stock Exchange Nov. 29 ry. $301,926. ,$320,201 $384,747 131,221 .167,492 197,594 54,188 18,814 :! 25,744 41,446 3,920,768 3,767,161 3,783,411 Prom Jan, Net 1,939,333 1,926,266 634,365 649,366 1,987,128 694,475 2,225,515 793,030 l—j.. ' raifwuy from Gross : railway from Net ry. oper.. income.-.— —V.. 161, p. 5. Sold Privately—Company the Equitable Life As¬ surance Society; The proceeds of this financing will be used for working capital requirements in additional lines as supplies become available. Merrill Lynch, Pierce, Stores, Inc.—Notes JDejay November— transaction.—V. 161, Delaware & Hudson Gross $3,733,868 $3,687,468 $2,750,108 888,412 597,890 1,164,4 *1 638,978 1,140,139 1,237,483 474,951 —V. 44,366,769 41,822,256 13,083,779 14,659,191 10,695,065 9,486,123 9,026,816 7.831,758 160, p. 8,081,431 -T-;; income.— 2541. ry. Merger Agree- ; ' properties. will payable be interest on out of securities any system net * bonds new approval stock ■■■ from Net ry. 50 both .. $6,557,187 2,020,469 Income!!. * H. Net ry. of 160. of 74,746,102 66,171.674 5.624,438 10,034,468 10,409,347 - the $29 at held.. share M. The Jan. 1 for reasons of 1915.- -V. 160, p. 2009. stockholders, the at company • Delaware Operating 9.287,383 earnings 1943 before income income —' : Earnings per c'ass A share !_ — ' ' $1,409,243 • 254.579 Federal income taxes — Increase taxes. ■ $0.80 (La.), Atlanta, Ga.—Traffic Up—Dec. on 31 reported its traffic passenger do Eastern, Gas & Fuel the 1944 wi!l exceed the preceding total by 51% and represents a 4,080% increase over the year 1935. Passengers carried in 1944 totaled 174.750, as against 110,437 in 1943 and 5,772 in 1935. : :: v ; Delta flew 65,838,063 revenue passfonger miles in 1944, a gain of according to R. S. Webber, General Traffic Manager. Passengers carried in 1944 totaled 174,750, compared with 110,437 in 1943, a 57.3% increase. : Mail Net 221,073 $310,090 .. $33,414- include not .; and excess profits income avail, Balance Net from Net $15,742,488 $15,907,162 4,660,133 4,515,301 : requirements—!^!! div. for AVz % 575,020 ry. Gross Earned —V. dividends!., on 2756.' p. i. - preferred share of 6% per 160. ' 1 over the line increased 45%, froth 236,055,752 lb3343,Y55,582'in 1944W. 161,: p. '5.V!!-■- / , 1,108,729 ! Denver Rio & railway-:—' from Net from Net ry. income— Gross from ry. —V. 2.035,163.. - - ,$1,953,149 $5.22 -— • $1,721,558 $4.60 stock 1941 975,670 2.886,657 518,848 . 1,879,490 i •< ! 272,216 Balance 64.217,795 64.274,386 48,867,576 28,328,607 Gross 26,506,355 20,699,898 6,324,634 Interest 12,672,527 15,201,473 16,220,055 3,733,081 rents, ?; Denver & Salt Lake November— Gross ■ ' /' from Net ry; oper. •> Ry.—Earnings1944 1943 1941 1942 $277,103 $254,025' *58,954 103,242 *22,128 128,646 2.501,469 2,588.042 2.227,255 487,357 803,037 561,797 835,203 !" 616,415 1,070,372 798,709 $124,368' • Net from Net ry. 72,674 income- 3,093,18*3 income—-- oper. and from from Net ry. •■''!!1944 1941 !! 1942 1943 $93,444 railway——! 25,087 ! $82,744 50,161 Y, " 31,371 $75,618 5,554 $115,965 - 17,647 164 35,828 21,742 933,795 904,106 1,078,464 Net from Net ry. 137.026 railway—.!.— income-— 131,138 414,578 *35,479 306,534 75,537 American week Toledo & $78.613. be of & made Ironton 1943 1 Dec. 28, 1944, above & railwa^_c!U'. J'-272,823 318,664 283,551- 252,356 'oper.v;iriiH>nie-_ jP0,C'l97,39j 198,419- 221,501 Net ry. . "After G^ss |^^241,356 lrom Net from Net rv. railway— railway!---: ! uC 3,183.403 income— oper. -^-V.161, - 3,567,563' 7,593,467 3,255,652- 3,912,176 2,238,745 1,904,088 • ' 1,889,706 8.064,351 4; 18 V,654' 2,667,822 do* not The from ry. Gross The shares New of York Stock Exchange common pursuant to certificate railway-..:- ;- $3,04-3,843 railway-1,149,665 oper. Net stock the terms of of (par an consolidation, has authorized the listing of 1,049,685$5) upon official agreement and providing for act the of notice of issuance consolidation merger of Doehler income-- Die- of $1.82 common sale the of ,! •■•*. ?! ' '•'"• $2,368,690 $2,707,798 667,202 481,103 income and ! and 1,868 IGOj etc.,—V. taxes, , O.—Registers with SEC— tiled has shares profits excess . corporation 1944—9 Mos,—1943.! $7,387,227 $7,713,826 1,689,604 l,883!?(f 1944—3 Mos.—1943 _! charges W.' of registration statement with stock to be sold at $100 a the SEC a share. common Electric Co.—Buys i'UC • ; ■< . Ken-Rad Radio Tube jnh ■*• a* G/'Baker. Vice-President in'charge of*the electronics tie! R. has purchased the radio tube manufacturing and plant facilities of the Ken-Rad Tube & Lamp Corp. at Owensboro. Ky., and at Huntington and Rock Port, Ind., and will take ever, operation of Government-owned plants at Tell City, partment. Ind., Dec. on and this company that announced 27 where Ken-Rad has been making tubes ■•%■!!!;■!;■,; ; was authorized by Ken-Rad stockholders on Dec. 20. All units are engaged in war work. The sale does not include the electric lantp manufacturing business of Ken-Rad. General Electric took possession of the property Jan. 2, and took the for Bowling Green, Ky., Government... of the , interests tube purchase orders and sales agreements outstanding as of that dato. over that Carl Nevin, has announced the G-E tube division, of manager Hollatz, formerly Executive Vice-President cf Ken-Rad! the new G-E operation, which will be known as the KenRad division of the electronics department-'.-of the General Electric Co. J. manage in the purchase of the Ken-Rad tube interests; involving primarily receiving tubes. General Electric will enter the radio business all branches 1943 5.6 System 7,418 in Shifts 4,095 4.3 any com- - inputs of 161, p: G. •' .) XXptngs— 1941 $2;-7'l3,028 -I 637:977 $2,781,222 •• f ' t, $2,431,419 271,662 • ^122,578 152,568 *98,959 • . ' , *194,700 - ' p. 29,996,951 30,943,399 26,729,826 8;313,667 8,322,689 11,139,644 effective 1,803,545 2,645,061 the Electric General ! Co.'s and employee Jbaye 1, Jan. i . been announced by Charles BH >: f.:. Spicer,-. formerly• the Vice-President responsible for apparatus manufacturing, is now a member of the President's staff, wit,h head¬ quarters also in York. New consultant rows. Labor Relations General Electee's in is He the of charge of employee relations and *i> William R. Bur¬ since 1927 and Chairman of manufacturing matters; general on Vice-President a company retired Dec. 31. Committee, ;l * operating committee was discontinued Wilson announced, and Roy'C.' Mui-; formerly a Vice-President of the executive staff, has relinquished h's special duties to become general manager of the apparatus department! the at close Earl O. the of Shreve, apparatus Mr. year. Vice-President and Chairman the of Apparat us- Operating Committee, with responsibility for all apparatus sales, iioitrelinquished these duties to become a member of the President's stuff in charge of in the company's Muir, His headquarters f Vice-President apparatus organization, President and assistant customer relations. York. New C. and department, effective general also 1: Jan. manager of the V. Erben. w: i M3 Gep^ral the) several changes,!m Commercial Viqg--- station divisions, has been namod- manager of the central general announced H. of manager apparatus department: C. H. Lang, Vice-President, is. manager of sales; H. A. Winne, Vice-President, is engineering; Neil Currie Jr. is. manager of manufacturing Guy S. Hyatt, Assistant Comptroller, is in charge of accounting; dud W. W. Jenkins, of the law department, is Counsel.—V. 161, p. %! * manager of 10,807,990 3,311,820 " !: ■ D. Electric! ; 1942 !"■ change in the management of its apparatus a President. Wilson. :: "*■•"■' ■■'%* ;'/■ responsibility for department,- be < v* Changes Announced— commercial relations and 8.0 94,704 90,609- the 10,545 92,432 31,'861,958 -y Net" ry.' opeiv income—- 160, post-war, Administrative E. 1 : 1— 578,768 _ railway—x. railway^- ■"Deficit.—V. shares from resulting facturing five-room hcuces and units for tourist cabins. 5,330,650 General Feods Corp.—Notice of Redemption-— 2401. The»corporst:on on Dec. 27 announced that all of $4.50 cumul. preferred stock have been and Casting Co. with and into W, B. Jarvis Co.,. which shall be the sur-viving corporation under the corporate name of Doehler-Jarvis Corp.—< V. 160, p. 1734. ' : ; . ... . , from from 972,104 $$241,752 proceeds will be used to forward the company's business of many-* the From Jan, p. Doehler-Jarvis Corp.—Listing— ' -—DecreaseAmount % 176,635-187,180 1944 from Net 119,304 the gain Genii Corp., Dayton, the ;'!•. <;;;•% 1944 include Elgin Joliet & Eastern Ry.November-*- Net 1,365,758 §$358,147 $3.00 /; $1.83 share_T!_— tOn the L_ 2071. p. R. Gross 907,131 —-X— income " •* From Jan. 1— -mc:v';: - —Thousands of Kilowatthours-— Light Co—:!.!_%!!';• figures 1396!!'vt.,! p. ' $*';/!!''!!'!'■ panies not appearing in both periods.- 182,868 from $651,021 1942 $1,213,856 £$218,780 . & Light' Corp.85,014 Power 146, the System inputs of client oper¬ $648,700 $726,733 ; Ebasco Services Inc., which are subsidiaries of Light Co., Electric Power & Light Corp. ,and Light' Co., as compared -with the corresponding' Operating Subsidiaries of— Power & Light Co.^.„_^U! Power 1943 $1,723,005 • !■■■"••■■:■'!%.;'. .. profit "Net Trust -Co.,, - < - , Wisconsin !•"!••:!-»vV! !.!'\! rv'-.v; .. American The 1941 1942 $713,481 Net $857,950 Inc.—Weekly Input—• !'!!'• RR.-—Earn ings—- 1944 railway~r_ !* from $716,754 • St., "Milwaukee,. Wis.—'V. • Gross . First the at 1943 were as follows: during National Detroit week ended Power /& National Electric —V, 160. pV. 2401. November—'T! - will •;!<! Power 1944 • and income taxes— charges. George W. 60,000- 735. North Water companies ating 162.292 61,712 • profits exclude Gross outstanding ref.. & 1st collat, mtge. 5 V2 % gold bonds, been called for redemption on March 1, 1945, at 103'/a Payment the . railway—!! oper. 804,021 753,320 income..— oper. 750,337 Light & /Power Co.—Bonds Called— Ebasco Services For : $1,125,911 taxes Canadian With -;i> r- railway—— from 312,241 67,373 $58,166 the ■trustee, From Jan. 1— Gross $2,034,218 362,574 69,893 have int. 160, p. 24 November—- $1,829,665 27,376 * A, 935,166 (& Subs.)—Earnings- •'! Period End. Sept. 30— 254i. of series * Gatineau Power Co.—Earnings— radio •! Net $173,362 72,116 Eastern Oregon Detroit & Mackinac Ry;—EarningsGross $200,175 income All ! railway—- "Deficit.—V. 44,673 funded debt. —v. *i6o.' P. 1,744,526 stock. $The Holtzer Cabot Electric Co. and the post-war credit for refund of excess profits taxes., §No allowance has been made for any post-war credit for excess profits taxes, and the earnings are subject to renegotiation.—V. 160, p. 2646. for Net 82,415 52,771 railway- from $1,989,545 39,639 64,908 $257,413 railway— Prom Jan. 1— Gress $1,790,026 3,770 etc. post-war readjustments __.!__f!T- 5.918,567 2402. and profits will 635,783 railway..:--.: from Net $169,592 Depreciation'., . Prov. " 569^05 3,321 inc._ 9,878,996 4,523,219 3,331,352 7,210,694 3,674,581 profit D'r; $196,854 corporate on 14,311,325 6.317,085 before Sale 20.994,250 161, P. 5. 15,829,251 . "'--401,406 Other income income-— 120,534 2,795,256 terests—'"ro ' $12,570,659 8,357,430 : 7,307,41b 2,845,769 3,273,698 787,374 -!r 420,952 income— P. "After . 1944—11 Mosi—1943 - railway— oper. RY.~Earmngs~^ *;" $1,140,403 $12,993,225 $1,192,807 Taxes 537 990 . 393,123' 1 $3,119,173 - 160. Net 1,108,729 208,579 Ry. oper. ; 1942 $5,729,687 873,360 , > Earnings--- 1943 $5,620,493 railway—T— from Net ■!• 1944 $6,054,377 railway—,— oper. From Jan. 1— Net Grande Western RR. !!vV November— Gross 189,260 361,061 ' railway— oper; The 1944—Month—1943 revenues-—r!expenses-!—:, oper. $598,451 550,507 : Ea:st6rn Massachusetts Street Period End. Nov. 30- ! Ry. 1942 $1,079,477 764.549 railway—. from 1941 1943 $1,505,124 1944 income—. oper. General miles for pound 1943 ! 669,640 Gamewell Co. increase-6f 43.6% press? due note $1,716,881 railway 6 Months Ended Nov. 30— $2,830,287 $3,061,878 prior preh stocksstock before State pfd. 6% 2646.' p. From Jan. 1— 2,356,684 6% $150,000 payment on Utilities Land Co., $300,000 a for note 1 !• 1943 2,251,543 555,447 on a 1932. on - 1944 -! 5,629,870 to make due note payment forgive the unpaid balance of both notes.' $400,000, due 1940, also would be for¬ would income would $85,000 an Power 160, covering taxes miles-amounted to 2,058,543,29^ lor the year 1944, an fever the 1,375,723434 in the previous year. Air ex¬ pound make demand from 'railway-—. •!U'-i Associates—Earnings— 5,213,487 avail, income Div.. requirements Approval, to Reduce -V-"/! vy-.:;,.: Miami, Co., income November— Gross excess expenses- and discount -Seek Fort Worth & Denver City Ry.—Earnings- /; $507,266 197,176 $289,337 . Interest Debt the total of 43,389,764 for 1943, over : company. 6%- given.—V. 1944—8 Mos.—1943 $510,410 depletion^. and 15.347,362 9,455,238 wholly owned non-utility subs'.d'aries have asked of a plan to reduce the subsidiary's indebtedness- Water Florida utilities Federal year 51.7% two 8% would —V. 25,312. - 30-r~"'r income consolidated Depreciation for and $962,000 at of 12 Months Ended Nov. Total corporation 11,845,701 5,575)142 *• approval from operating expenses is .-due to low water conditions using the steam plant.—'V. : 160, -p. -2645; t!! in necessity the and 86,300 $1.05 1759. 159, p. Delta Air Corp. 2542. parent ry. 143,932 108.007 —— the Net Co.,'Ltd.—Earnings— $30,488 Note—Operating expenses 1944 —$1,617,163 983,150 29,786,520 " .! 30,048; : 392,309 29,116,659 income— Consumers Net 1944-.-Month—1943 • 10,302,653 2.555,103 1,294,894 SEC's to 100/583rds of lias entered into an Ohio, to purchase shares not pur¬ which they are being •!!_■!;IvtV-V:' * $60,536f'-.;"v $58,726 expenses 18,174,143 7,855,246 6,166,466 income—. railway—: tEarnings per-common Rayon Co.—Earnings -1; the estimated at $2,108,020, will be used for the post-war plastics and chemicals-.—V. 160, p. 726. earnings Gross $841,343 130,461 89,718 p. only, all price same stockholders.. ratio the $2,006,843 943,514 602,125 railway—— 160. 1935. Co.,. Cleveland, Hanna A. ir. 1942 1,145,854 Debt— Inc.—Registers with SEC share per 1943 $2,431,747 Florida Power & Light Co.- A 2645. p. 9 Months Ended Sept. 30— The retired 1941 1944 oper. Miami, company-since Ry.—Earnings— 816,337 oper. ry. the Treasurer, 105,890 . $2,453,449 from 23,945 '■ the East Kootenay Power Net —V. 320,360 Period End. Nov. 30— 16,199,930 income—: 1.532,053 i.483,998 127,133 268,652 109,199 railway— from "Profit ! 55,542,591 21,882,097 Net each Net proceeds, development* of 341,922 23,196,285 1,399,200 •'705,749 account-for 'investment, purposes its own ; 1,033,600 72,479,195 Net for with share a agreement $115,702 railway.—— Company 2.190,600 witn stock common to> the 20,445,543 oper. the shares $6,001,171- $4,900,264 ry. - has'filed a registration statement wtih the BEC lor of common stock (par $5). -:" ' company is granting to holders of its common stock of record clos£<of business Dec*.-27. 1944; rights to subscribe to the 73.208 * railway:.>— 7,279 company The at ... railway..':!:.— lrom 35.571 3,922 V it-X 2,822,500 : Durez Plastics & Chemicals, offered 1,027,236 V ' • 31,459 73,208 ijjhares 105. 1941 -*n 39,096 '*2,339 : ^ 707,986 . Assistant been had He The . <<6,515 •*';'"t : ' Robertson. B. by • ii- <- $152,295 From Jan. 1— Gross —V. ity Tont de Nemours & Co.—Retirement- chased 1,471,737-7- 1,981,685 642,088 * for 1942 - i health. Prom Jan. 1— from ' (E. I.) . at Net $149,851 $156,900 "J - 3,469 $9,722 1941 *'1942 $216,000 income_-:T?/ *37,506.;- lailway—_ 2,600 2401. from from Net 1943 $166,300 railway—,—! -v.;'- Date to $6,310,494 from •'riilwayX-.—- must-get-approval 1943" 861,318 oper, Net —V. ' • Duluth Winnipeg & Pacific Ry.—Earnings- line leased . redeemable it Year and * rail way XT- be yeais, companies 1944 railway.iT— lrom Net Gross ::' irailway^-TTXii 76,000 381 $11,022 Florida East Coast Net from 76,000 6,333 511 November— 867,593 to subordinated other of . for November V.:-."-•« H November— in mature directors, of Earnings ( ' will by 3.148,011G47.689 ry;. oper. income_!_ 179,425 '•■Deficit.—V,.: 1.60, p. 2401. ' : ' ' iVV-'V'-T tV< T'V-V 'V'.TvTV*tT:V >V■'T '"!■ V! V'* unpaid. Gross railway^.!-! '..3,975,642 - earnings, issued for "• <<- 160, Net 877,033 from 195,171 6,333 income Gross ' Net interest will be deferred and not accrue, whether earned or not, until such time as the amounts-equals one-half of Federal income taxes to the date ot the merger assessed against the O. & S. It will he cumulative up to the amount of three years' interest The 90,120 From Jan. 1— Contingent After 20,259 1,167,477 Net on any securities issued lor stock of New York Western.; However, it will share pro rata with contin¬ & companies. 'V 89,848 3,917,001 Grcss interest contingent Lackawanna gent 71,524 oper. 18,052 230,895 V declarea 106,096 income.—• from 16,111 ' 16,438 accruals res. p. $322,217 41,178 1,324,976 fixed interest from Feb. 20. 1943. (when and 2'/c contingent interest.. Contingent stopped) payments interest $279,104 112,253 1,054,889 ' TV:' ry. 608 1941 1942 1943 $352,508 4,031,338 4% The new bonds will bear rental 1944 647,345 r- - $177,119 charge^ —V. Atlantic Ry.—Earnings- 913,108 Net will receive for each share C$50 in cash, phis $50 in new bonds of the be securea by a first mortgage on„ the stock now held, $18.50 L. & W,, these bonds to S. Net oper. Net ' ate: upon par) & Interest 97,509 lrom Gross Syracuse: stockholders & $214,784 $15,830 .... 15,951,173 November—1944 Oswego O. Retirement 24,327,035 $361,764 from ry. • and ■;p The principal points agreed D. 35,869,655 8,091,460 railway.—— Gross Net its leased line, Oswego & Syracuse RR. have reached accord on a plan of merger. The agreement follows similar understandings with other leased lines of the D. L. & W. and is intended to settle present and future tax problems. . 43,424,777 28,791,462 railway—-, oper. Net ment— Representatives of the read 206,595 17,866 8,776,688 income.._ —V. 160. p. 2401. ' Delaware Lackawanna & Western RR. : 178,388 Balance 41,013,779 23,620,190 railway.—. lrom from Prom Jan. 1—. 46,614,759 railwav.' oper. 91,547 14,366 3,667 2401, p. Net railway_tr:—*'!l 1,994,928 from ry. 105,500 $14,199 11,693,675. 40,343,082 income— November— Gross 31.190.490 lrom Net Net 160. Net Prom Jan. 1— Gross 9,093 revenues—! Net oper. 1941 690,369 726,132 11,582 T—^..U! Diviaenas 1942 >■ $1,224,803 60,630 15,609 21,600,563 railway...: railway— oper. $1,183,403 708,145 $99,919 Non-oper. income, net__ . Duluth South Shore & 1943 , income.: cper. ry. from ry. —V. $4,014,293 railway—— Net Net 1944 railway.— from from Net from Gross 1 $3,792,513 2,469,772 1,684,351 1944—12 Mos.—1943 1944—Month—1943 $103,867 ... Taxes 1941 1942 !'■ Prom Jan. 1— RR.—Earnings- November— Net ' 1943 ■ Maintenance from Gross for the company in the 5. p. 1944 Ry.—Earnings- railway-.— !-! $2,199,541 ' $3,570,231- $4,054,175 Net from railway——: 728,141 • . 1,526,814 i; 2,437,806 : 380,379 Net ry, oper. income. 531,118 1,067,249 has sold $500,000 10-year notes to Fenner & Beane acted as agents 1 62,476 revenues Operation: Duluth Missabe & Iron Range ; Fall River Gas Works Co,—Income Statement— Period End. Nov. 30— Operating allotment, 15 the smallest.—V. 160, p. 1966. the largest at $30% per share, with a commission of 65 cents. The stock, offered by Lehman Brothers, was sold in the elapsed time of 43 minutes. There were 48 purchases by 30 firms; 400 was the largest trade, 10 the smallest. —V. '160, p. 1967. " ;:V;' *\\ ' : .■ / 3.978,336 • Income.-. oper, 1941 1942 V-' 150,758 railway_^___ from Net 1943 $323,108' railway-^^ from Gross Net $59% per share with a commission of $L The stock, offered by Baker, Weeks & Harden, was oversubscribed, in the elapsed time of 15 minutes. Bids were received for 4,042 shares and allotments were made on a basis of 79.2%. There were 42 purchases by 14 firms; 1,555 was RR.—Earnings- 1944 November— at 109 & FINANCIAL CHRONICLE THE COMMERCIAL Number 4349 161 Volume Federated Department Stores, Inc.—Special Offering— A special offering of 4,340 shares of. common, stock, (po par) was made on the New York Stock Exchange Jan. 3 shares tion on Jan. 31, at the-Central N. Y.—V. 1C0, of the outstanding for;-redemn-- called and dividends. Payment wilhbe made Hanover-Bank* &'Trust Co., 70 Broadway, New,York,' next! at p. 2757. 107lk ; f:, .. . ' '.J ' > "r't ' •; . * . 1, \ . . ' " -t : \ .' v . ' ■ ■ ' .. i -. ■ . ■. i ■ ■ \ * ■■.'"* ••...;■• v: ■' •' ■ i ■; THE COMMERCIAL 110 Novembei— Net Motor handle Net own engineering, dis¬ departments, the need of Diesel engines for essential marine uses. ' Since the establishment in 1938 of the Detroit Diesel Engine Divi¬ sions of General Motors Corp., that portion of the plant s output sup¬ plied to the marine field was adapted and merchandised by Gray is now Division 352,234 income... open from Net 160; income— 2647. p. 551,834 ! ■ . On payable in capital stock at the rate of 5/100 stock on 1.945, or at the of business close Jan. on 1945. 15, . -/,V: 54,572 shares there will be transferred on the corporation from earned surplus to capital stock $32.2168 the issue of Against the books of .share, per - - !" declaring a divi* of a share of capital each-share of outstanding capital stock, issuable, oil Jan. 29» as soon thereafter as practicable, to the stockholders of record shares of capital stock. Nov. 14, 1944, the directors adopted resolutions dend 309,061 . dividend, stock a stock (no par) on official notice of making the total amount applied for its- capital of shares as , 1,146,015 DY. 34,721,126" 30,186,248 21,608,459 13,111,792 11,532,563 ' '' 7,290,848 4,546,832 4,999,206! 3,526,548 34,584,965 11,000,686 4,256,474 railway oper. ry. —V, issuance 1941 $2,064,459 686,012 \.V'--'! 1— railway—y from Gross Net maintenance and tribution ry. From January . Detroit Diesel Engine President, announces that the set up to meet directly, with its Wiison, E. ' 19421'; ' $3,186,529 1,241,284 $3,101,486 1,008,783 391,020- $3,166,250' 976,870 railway.—. from additional •',' ;'':v! >--y H 1943 1944 • railway..— from Gross relationship between General Motors and Gray Marine Co. Expired "Dec. 31, 1944, and henceforth General • Motors will distribution of its products in the marine field. ^ business The ' Gulf Mobile & Ohio RR.—Earnings.— - Field—- lJroducts in Marine C. Distribution of Its Corp.—To Handle General Motors • Monday, January 8, 1945 FINANCIAL CHRONICLE & 160, p. 2185.; totaling $1,758,135.—V. ■ • > , Co. Motor Marine • Gulf Power Co.—Earnings— ; >3 of diesel power, as well as replacements with -modern d'eeel power,• call for complete engineering, installation and maintenance service to marine architects, ship builders and operators. Detroit Diesel Division is organized to provide this service.—V. 161, p. 7'. New marine applications $363,846 revenue—/!! Operating depr. & amort.' Provision for taxes.—y Net from Net ry. from Gross Corp.—Trustee Appointed— ^ Co. of New York has been appointed trustee, registrar and paying agent under the corporation's indenture dated Dec. 1, 1944. authorizing* the issuance of $5,000,000- principal amount ox 15-year 3D sinking fund debentures, due Dec. 1, 1959, See offer¬ General Shoe : 160, p. 2757. ing in V. Net and Corporate —v. November— $2,189,898 revenue. $196,470 163,194 155,766 1,834,069 1,478,322 Net from 4,722 4,722 51.942 51,833 Net ry. oper. Creg.i ,-! 27,390 2,911 —-x.— 2,890 2,713 (net bal.i. rents met Dr9,386 Dr9,307 Br95,110 $377;il6 yi $357,539 ; :—...— Drl,992 JDrl,987 £)r22,390 1— ' 2,596,445 648,365' railway.... 1941 ' $119,108 *41,261 1,540,229 326.373 12,036 8,673 $12,322 $131,145 1,052 ; income .$12,203 — 1945. $224,787 / of Pine 30 rev. avail, r. 793,430 95,524 19.560,576 ,760,426 6,807.802 ,685.811 4,974,220 ,215,765 / Railways of Central America—Earnings $546,534 $6,827,493 $6,589,280 opers.-'!. 122.026 215.288- 2,637.823 2,936,011' 113.910 182.377 2,099,100 2.356,276 72,114 120,751 1,553,653 1,613,777 chgs. income 160, — Telephone - - Associated Press dispatches from Madrid, Spain, on to the above corporat.on $5,000,000 from earnings American concern's Spanish subsidiary, which operates the According to transferred 3, that of Telegraph Corp.—To Re¬ & From Spain— ceive $5,000,000 Jan. $565,434 2647. p. International - 1944—11 Mos.—1943 1944—Month—1943 revenues! ry, fcr fxd. system in that country. telephone 11 still short of balancing the company's earn¬ established in Spam, was seen as one more in¬ dication that country is trying to defend her credit standing with the United States, the dispatches added.—V. 161, p. 8. while payment, it first ings since has elected, through the that it holders 977,017 224,261 2404. p. Net This Redemption—,"-•- Hecht Co.—Partial is-notifying 5,831 ' : - t 1941 $1 ,245,118 was of called certificates The office 4,726 4,655 323 313 Deductions from income ; p.' 2757. 160, the sinking fund, to redeem 3,800 shares-of its 4&:.#//• cumulative, preferred stock on Jan. 31, 1945, at par y$100), together with dividends accrued from Oct. 31, 1944, to and including Jan. 31, $216,109 1,077 246,580 income... company operation ' Gross railway oper. ♦Deficit.—V, The $11,245 $11,154 '! income.! JS(on-operating 25,328 • (The) income oper. ry. 32;347 ! 8,543,746 3,164,893 income.".. Railway oper. —V. $117,862 *10,336 7 ' 2,358,164.-/ 2,271.596 / 277,128 694,249 * 110,962 ■ ' 331,946 * Dr21,846 balance) i 160, Net 1942 . 1S42 $2,226,645 27,115,106 10,200,213 3,838,492 28,176,769 railway railway oper. International > . income— Period End. Nov. 30— Dr o5,413 IfCquip. rents jo-nt fac.l. from Net ry. • 1938 from Gross Net Ry. tax accr.- (Fed. RR. I Unempl. Insur. Act of Net ■ 34,931 3,131 *Tax.ng Act of 1937i- , income... From January (Fed. RR.t. Ry. fax accr. ry, $245,341 77 $250,847 .! 87,843 73,145. 56,131 ' " 38,589 $173,990 624,996 g "59,865 railway oper.. 1943 1944 , railway.— from Gross $1,886,246 Railway oper. expenses. Ht.lway tax accr. 5,513 $26,276 1. $30,321 2543.' -N-y y '!>> ly * 160, p. $188,652 ft til way from Net '$443.272 ' "'$423,695 .66,156 , 66,156 Gulf & Ship Island RR.—Earnings— y 1944—11 Mos.—1943 1944-Month—1943 'Period End. Nov. 20— Net 171,875 Inc. Ry.) Northern '••$595,570 . $31,789 " 5,513 stock pfd. on Balance y Receivers-—Combined St'atesboro (Including 14,066. i $35,834 income Dividends - RR.—Earnings- Georgia & Florida 6-.G39 —V. . • fc' $567/975. ,124.703 $45,856 $42,474 deductions &c., ! ; V' -. ■; • . income....... Gross Interest Trust Guaranty railway oper. 1943 '1 $2,578,534 798,527 : 289,502 ! From January 1— ' The railway. from $2,732,539 976.809 347,831 1944 November— Gross -1,857,212 265,000 985,898 215,449 2,303,436 26,750 -Su 290,750 63,894.. 1,120,463 225,015 24,COO 72,356 expenses—_ for Pro v. • 1944—12 Mos.—1943 $4,282,025 $3,703,681 1944—Month—1943 $351,950 Period End. Nov. 30— Gross -Earnings- International Great Northern RR.- agent, sinking fund and redemption N. Y.—V. 160, p. 1295. - ' ♦ • York, New at the Sachs & Co., Goldman, St.. redemption will "be: redeemed, for . , Service, Public Jamaica Ltd. Subs.)- -Earnings-"- (& 1944- -12 Mos.—1943 1944—Month—1943 Period End. Oct. 31- $1,362,858 revenues- $123,451 $119,865 $1,522 451 1 Operating 59.683 56.540 722.770 18 233 13,460 174.861 173,961 4,916 10,129 139 053 80.930 8,333 8.333 100,000 98.333 $32,235 $31,401 $385,706 $348,345 Drl,495 1,527 Prll,938 $30,739 $32,928 $373,827 Operation Maintenance — ■: i! 661,287 ' $126,450 $11,994 $1.1,893 Surplus applic. to int. 1943 $36,300 $39,375 revenues —„ 161. 1944 $2,307,573 $2,007,548 . Operating V. This 1943 1944 Period— Jan. effective company, Hilton-Davis of shares for of shax'e one — Retir. . ^— accruals- res. the Hilton Davis Chemical became 2, Company Division of Sterling Drug, Inc. The transaction involved an exchange of !!/ 7. p. Taxes Hilfcon-Davis Chemical Co.—Acquired— —Jan. 1 to Dec. 21— Week End. Dec 21 'i; ' $220,031 Utility stock 011 the basis of 3'/4 Sterling, or approximately income. oper. (net) income Other ' shares of Sterling.—V, 160, 45,000 2,343,848 468,167 taxes!.!.- for income Gross 894,718 $667,403 $757,929 — --— $47,199,503 18,486,533 Non-operating $9,908,723 $8,781,639 jnt. and other deduct.'- 299,955 322,377 3,644,251 3,797,664 income.——'— $457,974 $345,026 $5,137,449 $6,111,059 2,676,064 2,676,064 Net Dividends 223,005 223,005 pfd. stock on J, Net ry. from —V. 407,061 207,465 265,983 207,217 367,086 185,026 — income!.! ' ' 9,510,271 3,181,962 incomes 2402, p. 9,965,327 -8,226,410 4,971,380 4,110,349 3,655,817 1,484.586 2,776,901 ; railway— 3,546,502 3.260,681 1,302,279 Net. railway Net ry. Net rv. —V. 26,035 ' , 3,281,418 4,666,844 1,856,794 3,300,007 1,024,345 856,170 470,789 6,754,163 648,281 income./! oper, 160, 43,527 6.018,570 2,206.537 . railway from Net 59,962 63,-Ml 144,546 62,040 :D 1941 ■ railway— from 214,722 income... oper. From Jan. 1—r Gross 194,864 • - 995,123 Graham-Paige Motors Corp.—Completes Power • on The Diesel power . destinations. Net Net ry. . . ' y company' is also for shipbbard • use, from salt-water to. fresh-water cooling by addition of radiators and fans, and changing them from 60-cycle to-bO-cycle output to conform with most Continental power systems, it "'as explained. : ' ■" ,■;/ '•■!• ■ Transported on trailers of the tank-recovery type, the complete units The . 33 Va tons can be quickly hauled into position by in tandem. They will serve as emergency "stop¬ gaps." cutting in on existing power lines to produce cftrrent for water illumination of of —V. From Gross Net oper. ' ry. —V. income yy $2,359,000 Net from railway—... Net ry. income... From January - from Gross 10,649,354 G 9,045,487 4,050,661 1,311,789 1,420,439 !, . Indiana Harbor Belt RR.—November Net 882,566 1,049,708 886,153 454,395. 27,906,000 ry. 8,634,460 income—. 4,930,845 5,957,107 5,408,831 5,796,434 2402. p. 25-t-' 1244—3 Mos.—194.3 all share... taxes, . 1944—9 Mos.—1943 $142,325 • $0.04 $164,900 $0.74 depreciation, etc. 1944 November— Net tEased $410,627 $1.84 on ■ 222,738 shares 1943 1942 7,215,551 2,020.111 251,298 4,000,553 1,005,859 191,699,459 181.155,018 70,122,969 70,536,621 28,736,275 25,674,588 ry. railway! p. $647,363 $1,169,379 3,081 36,669 34,062 Other income./. 2402. 150,785.692 115,372,012 65,040,497 35,830,36G 7- 1942 1941 1943 $350,492 $336,879 $212,598 163,767 189,940 119,676 91,855 96,407 94,118 57,848 3,878.555 3,680,609 2,891,113 2,285,147 1,557,759 1.266,944 722,132 751.810 1944 - income— / ;■•:; 919,278 income.!. ' ' " 2404. p. 1,716,090 796,873 2,104,196 railway.—.! oper. ' . , ■ , & Ishpemiiig RR.—Earnings Lake Superior from from Net Net ry. 42,448 41,654 $14,95G charges.... 160, p. >$55,409 1941 $386,276 174.386 255,054 30,876 income... 16,709 129,038 160,976 3,458,124 1,964 315 956,753 3,545,930 from ry. —V. railway..__ 1.432,383 1,429,823 780,521 oper. 160, 2,913,922 2,910.522 railway...!— income... p. 2404. from Net Net , . . 826,681 2,223,145 1,143,632 Lehigh & Hudson River Ry.—Earnings railway from Gross Net from ry. income..! $258,655 61,863 101,430 75.233 16,398 40,875 46,023 Net from Net ry. 3,127.368 2,043,761 2,878,035 2.810,801 .956,052 1,055,415 income... 238,994 266,579 —V. oper, 160, $190,217 ■ railway..!. railway..—_ Gross from 1941 $210,459 16,664 . railway..—- v oper. 1942 1943 1944 $204,373 46,647 November— 1,444,708 824,636' 411,594 . 370,155, 2404. p. Lehigh & New England RR.—Earningsfrom from Net ry. 1242 > : 1943 1944 November— Gross 1941 $490,443 $420,375 —1 143,792 55,301 139,423 132.125 income... 83,314 42,294 101,103 82,286 1— railway.!!. 5,828,733 5,555,414 4,878,305 2.011,991 1,982,097 1,207,764 1,206,737 5.671,919 2.202 554 1,317,055 !. railway railway oper. $335,285 $468,910- ! 462,477/' 461,392 Gross from $148,217 $673,925 1942 $3,077,532 1941 $2,999,739 Net from ry. 160,' —V. railway——' income/.. oper. 2,004,624 1,307,803 2404. p. 2403. J. 1943 $3,243,258. 1944 $3,445,473 income.— / $165,457 33.231 $309,681 47,488 $160,237 -railway!..! railway oper. 1942 1943 1944 November— Gross From January Lehigh Valley RR.—Earnings— Gross from . 1,130,668 1,021,014 939,842 ,1,160,599 1,032,625 1,015.904 858,403 $1,079,965 v $1,040,613 504,875 $1,145*749 — charges504,875 deductions—•,79,472 . 504.875 48,306 75,350 $1,201,495 504,875 68.385 $526,783 $460,383 $628,235 Net from Net 1,139,125 ry. 1944 1943 1242 1941 $7,585,580 $7,356,531 2,136,499 8G2.898 $7.563,475 $4935.991 3.098,353 1,300,166 1,552,751 November— avail, A semi-annual declared on of record on Aug. 31, $561,402 divs— for 2403. 1,561,340 522,513, 90 287.411' 83,760,207 71,'222,961 51,922.469 25,176,812 27,993,877 12.213.G97 25,557,580 11,631,535 16,877,544 12,248,438 • railway. 1,398,013 railway..„ oper.; income From January 1— Gross from Net from Net ry. —V. railway- railway- oper. 160, p. income 2404. ... ... ... Securities, Lid.—Distribution No. distribution (No. 2) 31. initial An last.—V. 160, 2— cents per share has been payable Feb. 28 to holders of like amount was made of 37 Vsi the Stock & Boxjd Group Shares, Jan. 44.011,003 26,716,921 distribution p. 2647. Ad¬ ditional Capital Stock— New York Stock Exchunge has This: authorized the listing of 54,572 ■/'■;!!.:;/•/;' company, through v/;!: its local Lockwood,v has filed with the Zoning 9i621,195. Construction of New !" attorneys, Munder, Weissman & Board of Appeals of the Town of, N. Y., an application for necessary permits covering the construction of a new electric generating station to be located on the former Honeyman estate, north of 'Csnterport on Huntington, Long Jsland. Harbor, Long Island, The company states that in accord¬ the policy that has been followed since the foundation of it is keeping its electric facilities adequate for the total requirements of the territory served and in anticipation of the fur¬ ther development and growth of Long Island, it now proposes to Northport International Business Machines Corp.—-Listing of The Long Island Lighting Co.—Plans Plant— . railway.— oper, . / ma'nt. & retire. depreciation.—'— Interest 1941 4,693,835 January 1— . *$10,674 $61,008- ... Institutional , $15,311,875 $10,192,940 1.893.0S9 V. 160, 1,238,757 $1,101,167 63,212 2,247 revenues.- Bal. 5,474,654 Net Earnings— Indianapolis Water Co.—Earnings— Gross Gulf Ry.—Earnings- $360,825 207,598 'V From January 1— $601,925 45,438 12 Mos. End. Nov. 30— . from.; railway — ry. oper. income... from 3,794,001 of $17,303,603 Gross, from 6,442,643 4,975,448 railway.!!! from Net "$16,450 5,776 3,604 "Deficit.—V. . $16,439,251 Net 17,368,623- 12.559,935 4,839,300 railway.-. 1G0. 1,450,176 income Net $380 790 $1.7,1; railway.—- From 30.999,632 16,228,069 ■: 944,984 — income —V; 160, p. Net 1,445,378 977.064 $58,761 411 Fed, and-local taxes Co.—Quarterly Earnings— Great Northern Ry.—Earnings— ■ Gross Net Oper., —, per from 1,650„569 11,525,654 income oper. fixed Net 27,957,745 7.911,536 capital stock outstanding.—V. 160, p. 2646. Gross 2,532,070. 12,383,367 income ■ ■ 9.286,949 profit -'After • oper. Net 667.833 521,762 31,966,000 Period End. Nov. . 6,436,207' 3,679,250 1,080,927 1,175,127 63,458 -' ; 72,704 70,502 103,133 facil,: rents Other income • 7.584.S71 {Earnings 8,151,497 $1,273,648 revenues Railway oper. expenses. Railway tax accruals.. Equip. & jt. 39,904,101 5,829,633 railway—!^. from Gross 1941 $593,832 381,132'f ; 160,723 180,158 87,976* 1944—Month—1943 1944—11 Mos.—1943 $1,334,514 $14,907 340 $15,315,754 Period End. Nov. 30— ooer. 1942* $765,332' ' 1— raaway Net ry. oper, income— —V. 160, p. 2403. Railway 40,866,310 16,804,465 From January 1— $2,535,433 .32,669,000 railway-.—' Grand Union • 124,250 ' railway—4,794,398 from, Net or 'Net 1943 $886,255 415,043 114,055 Total 1941 $2,680,000 railway...— oper. 160, . . . Co.—Earnings— 1944 $932,576 385,077 7 railway oper. !! 264,600 . From Jan. 1— —V. the November— January 1— from from • Peoria & Pekin Union Ry., and director of the Georgia Ry. and the Terminal RR. Association of St. Louis.; of from 168,271 1943 President Beven, until 1942 $3,055,000 889,982 598,209 railway.—_ railway——.. from ry. ' . 161, p. 8. Total '1943 1944 November— from 23,647,432 29,567,155 22,483,585 of this road, died at Clinton, 111., on Jan. 3 at the age of 58. He was al,so, President of the Chicago & Western Illinois RR., Chairman of the board of the Madison Coal Central 308,621 Kansas Oklahoma & from and 736,859 income,,, 9. • November— Gross rv. Corp. .612,355 ,, railway."——- 161, p. Net L. 1941 $1,792,490 686,927 oper. Net John 1942 $3,228,596 1,341,913 • railway,—, : from 18,789,854 income..'. oper. ry. President Dies—- Miscell. deuuctions from Net ry. from Net S1.80O 44,756 $3,738,267 to up Grant! Trunk Western IIR.- -Earnings— Net from Net ry. working supply, sewage disposal and a small amount regular facilities can be restored.—V. 161, p. 7. Gross ry. oper. income,— From January 1— / / Net ' weighing from Net Net !!>!/'! • railway-,,, Net Net Company Only— 2,556,902 1,811,789 income..'. 91,800 "D"! 1944 $3,760,726 1,489,385 » oper. 21.991 & paid—J.P.S., Co., Ltd railway,— from * .'"1-,. : , 27 656 21,991 58,841 "C" City Southern Ry.- ♦Earnings— ^Kansas Gross $151,994 "$1,925 $6,119 27,391 "B" Shares Shares r-V. 160, p. 2404. 2,974,9001,237,976 tended tractors - - 1944 1943 • 1942.-•*-.: 1941 .v" $18,975,136 $17,065,848 $15,438,229 $10,581,518 railway.— / 6,892,796 5,763,967 5,299,346 2,341,162 from /•' converting the generating sets, originally in¬ ■ Common dividends $1,026,342 1,178,336 railway.— from Gross "sled-borue" first —Pref. Gross —% 103,647 $240,717 —Preference $362,224 : 106,332 $267,495 Ltd.—Preference shares Co., S. P. $736,592 1,098.816 ' ■ 97,221' ) Illinois Central RR.—Earnings of Gross Plants Skids— plants—designed to supply omeigency current used by U. S. Army Engineers in meeting military and civilian needs in occupied countries—are being completed by the company's subsidiary at Warren, Ohio, it was announced on Dec. 29. Generating units of 246 to 640 horsepower are being mounted on velded steel platforms, or "skids," produced at the Warren City Manufacturing Co. The skids permit immediate operation of the jiowlfrXplants upon arrival, without using prepared bases at their •' ^ $95,296 160, p. 2403. Illinois Terminal RR. Vomited - 2402. p. J. —V. $281,739 $538,588 $526,675 $512,511 .. railway.—. from 7 *• ■' ' $91,197 97,316 — bonds. inc. ' ' adj. on bonds 8,560 $24,368 dividend requirements: Preference '• Gross from railway— 205,013,539 192,846,176 160,710,830 110,816,451 Net from railway. ' 72,349,944 65,870,104 54;268,771 30,207,598 1942 1943 1944 — from Gross "V-"' From January 1— Georgia Southern & Florida Ry.—Earnings Novembei • $2,548,086 1,480,461 / 1,521,744 available November—• ,v railway.—_ oper. 160. $2,217,053 136,850 interest adj. on —V. $843,281 Gro.-s-from rv. $232,147 133,255 — $567,885 oper, Net 194:1' *. 1943 $884,063 263,168 ^ From Jan. 1— Net. $224,452 Deficit 1942 /y 1944 ' $878,344 railway——_ 300,533 November— ' Gross lrom railway from 103,066 income Income y Int. Georgia RR.—Earnings— Net ;' $2,445,020 99;955 income Net $344,364 8,525 - /, November— $3,434,995 $2,461,385 2542. p. $223,170 8,977 $2,117,038 8,612 charges Net . 160, N $215,840 income Gross Income for $122,020 $234,968 __—-:_ Balance —V. — income— income Operating 6,054,844 6,352,939 550,922 583,613 Operating exps. & taxes 13,821,542 11,960,529. 1944—Month—1943 - ; 1944—11 Mos.—1943 $799,453 $774,092 $8,470,037 $8,499,864 revenue— oper. Dr3M(f , $22,213 deductions Earnings— Manhattan RR.—November & Period End. Nov. 30— Gross 4,982,706 5,817,835 668,000 608,038 amortization Provision $4,095,608 $49,2}3,201 1,865,488 22,653,138 $4,177,981 expenses deprec. and for prov. income Gross . Income Hudson • 1944—12 Mos.—1943 w 1944—Month—1943 revenue Operating ; -Earn in gs- Georgia Power Co. Period End. Nov. 30— Gross 2403. p. ance the with company Volume 'J~ From.Jan:11— ■ plants in ■generat.ng cx st.ngr Laud pui chases Nassau years because „oi •• the -of buruea heavy dut es war of the company. It .s expected t...at many of tue war "plants now heated on Long xSlanh: w..l continue po re^u.ra part or •all cx tne targe power ;neeas being turn fined tnem a ad otner mdustr.a. operat ors will undoubted:y be attracted to Long island w.nin •the /.mmed.tae puture.-Tne2>uading^of•• edditio-inl homes and apart¬ ments, together w tn ex. aas.on o. t.ifc street a.id parkV'vay 1 ght.ns iis ecg cenng s^axf - •also expected to requ.re;larger amounts, of electriccurrent. ,y; a ect, Net its i..csenb geaoiat.ng Si,al.on at G±enw„oii and tuft expans on ol its ■ s. bsuu q,..s aim amr.mu.on hues arm' : oh /a', oo .n.tre-. ;hons;,e post-war pi .h providing .arger amounts or electric s-iw.ce tor tne. rap dly ex. auuing territory s.rveu, by tne company as wed .as u-sjrmg adequacy and cont.nu.ty oi seiv.ee a gains i, such events as t e httrr cane w iicn nave h t Long ls.a.id w.tn'n the last s.x "year;. Tne u,m. any is a so planning ewvn'^emeab o. iw> gns' pro. transmission -acihties.—V. IcO, 2758. p.. ' r . • 1943 1S42 1941 $2,954,032 $2,065,743 376,993 39,867.645 l.I;542,2u2 32,610,242 ry. 8,206,000 0,625,573 2,807,411 3,814,038 2,030,061 "775,846 income-.;-.. "Dmlcit.^. ltO, ;p. '2754. i Offered Halsey, first and refunding mortgage o%% bones, Series F, due April 1, 2003, at 105.38% arid accrued interest from Oct 1, 1944. The offeiiug which was made, subject to appiovai of-die Intestate "Commerce scribed. 1 , _ The ifir-ue awarded was on ' 1C4.66. of bid a Net • 4'/2S and $8,835,000 series D 4s, all maturing April The Louiivi.le and of' debt has Nashville •in for of income net had company of $ui,407,5i>2 1j4j. lor $21,213,757 revenues railway pursued a for since V. vi $239,175. The bonds are redeemable, as a whole or from 110%# to par, and through operation ranging funu, 'each h 1077/s% prices ranging from at to sinking plus accrued interest in par, case. tne in and Nashville I.linois, Ohio, two North 4,562 owns of miles Missouri, Indiana, line main Kentucky, fines imterti to has 1938 the serving coal have fields Kentucky of'western with Associated Stearns & W. Co. Stuart Halsey, Co., & Inc., '■ Fcnn . ... Inc. Becker G. Wm. Co., Inc. <z • W. C. Langley Si Burr & Co., Inc. , • & W. Co. & • American S. and - 12,069 to Bernheimer Co. " Biddic, Whclcn & Co.-. ' of as 1, Bosworth, Chunute, Loughridge & ; and foi\,in&ny made by this Regulator of 648,092 413,541 . Co.—Output Jan. on has • 50 different war increased so greatly been than was with last 90 those for offset contract taken from said, DuToit overall an Jr., backlog Vice-President, 2. including more Rises approximately the company which production the result days the of critical fire control is the sole sup¬ company of terminations items war some the last six months of during 1944, produc¬ that Minneapolis-Honeywell's the increase at the year-end. on ments, design changes were made which siderably more difficult.—V. 160, p. 2405. November— Gross made output volume con¬ • Net • ry.. Gross $1,606,463 $18,568,599 $17,232,971 12,217,203 2,501(647 2,502,163 7,982 12,633 152,831 18,579 20,822 23,142 240,329 236,912 $96,749 $92,368 $1,632,805 93,316 44,441 575,194 directors 183,176 $2,207,999 1,596,700 $2,905,078 -1,723,227 def.$46,367 $611,299 $1,181,851 $136,803 $47,197 p. 2545. Fund, Inc.—Extra Distribution— Dec. on declared 28 an extra of dividend five • payable Jan. 15 to dinary payment of 17.6 paid.--V. 160, p. Trading 9,876,934 13,593,678 4,014,738 4.371,207 3,779,699 2,381,688 1,525,467 3,321,430 2,731,212 1,373,168 Minneapolis St. Paul & Sauit Ste. Marie Ry.—Earnings (Including Wisconsin Central Ry.j 1944 From Gross • ■ • . : lc42 1941 $4,277,360 $3,307,149 $2,912,011 1,469,995 865,150 575,714 398,892 1,104,236 585,442 350,167 46,411,903 43,990,846 38,955,720 33,236,030 13,630,677 13.838,499 11,354,296 9,520,523 8,426,408 9,270,182 7,174,886 5,659,302 income-J oper. • 1943 . from ry. January 1— from Net from Net ry. railway— railway—..—Income— oper. —V, 160, 986. p. , , Mississippi Central RR.—EarningsNovember— from- Net from Net ry. 1944 1943 income 28,895 $87,639 67,827 22,043 27,678 2,005,062 railway—— income— oper. 1941 1942 $157^16 railway——£183,855 $143,918 .: 67,811 V 54,484 railway—.. 33,144 10,381 1,604,484 1,494,676 1,080,792 748,763 607,647 593,086 300,519 335,056 290,065 240,958 155,529 . From Jan. 1^- Gross from from ry. —V. railway oper. 160. 2545. p. Mississippi Power Co.—Earnings— "Period End. Nov. 30Gross revenue Operating 1944—Month—1943 1944—12 Mos.—1943 $498,827 $484,133 $5,874,685 $5,413,267 304,172 „— 330,073 3,211,764 2,774,08? expenses Provis'on for depree 37,750 37,500 452,750 443,50( Provision for taxes— 88,543 36,119 1,346.759 1,202,SIC $68,361 $80,440 $863,411 17,563 26,213 261,903 $50,799 20,693 $54,227 $697,165 20,693 $601,503 24-3,316 $30,lGo $23,534 $353,187 $443,849 Int., Corp—Registrar— Continental Bank & Trust Co. of New York has been appointed registrar for the preferred and common stocks.—V. ■ 12,273,629 14,026,908 oper. Gross 151, p.: 991. income etc., Net —— deductions incorm Divs. pfd. on stock. $987,869 ■ 290,704 248,315 Lthwubacher & Co. Chas,. W. Scranton & Co. 68,394 1404. Manufacturers The 317,937 cents bath was 184,874 railway railwayincome,.-, —V, 160, p. 2545, ordinary and 124,619 from Net distribution No. 26 of 10 cents- per share, stockholders of record Jan. 5. An extraor¬ cents and an ordinary distribution of 10.6 cents were made on Oct. 16, last, Extras of 10 cents each and regular quarterly payments of like amount were made on April 15 and July 15, 1944, while on Jan. 15, last year, only a regular dividend of 10 cents -share 157,049 income January 1— Net per 1941 ry. 646,964 142,868 Bond $864,804, 422,444 from 2,258,114 160, 1942 $1,204,971 329,000 Net 1944—11 Mos.—1943 14.040,987 etc.- -V. interest, 1943 $1,304,742 405,057 railway oper, From Net 246,434 lit 1944 $1,252,269 railway——,^ from Net- from railway—— $3,893,252 .NeiL'from railway—892,921, 1,231,886 l_* Manhattan . 345,771 ' November— Earnings— $190,065 'income The CO. 577,867 have Gross 1,397.328 (Drill Reynolds & Co. Si 628.276 339,931 Net 1944—Month—1943 income "Rentals, Inc. ItUSi Co. 40,072 1.348,166 Honeywell 'employees in Minneapolis alone turned out more than $55,000,000 worth of war materials during 1944, he said, lifting the total above that reported for the previous year. Unit production was maintained, he pointed out, despite the fact that in all major instru¬ a Hirshberg, Inc. Broc ko, Tindall 6s 55,771 1,373,674 2'; 487,594 which were V BroAe, Stakes & Co. 25,165 1,628,713 227.255 Mr. specific on • income_i__ 1— oper. income Net Riter & Co. Co. 6o,ulO 23,028 Advanced'scheduling during the plier, $50,000 next, is (Dr)_- I iv—xscher, Pierce Si Co., Inc. Hitinholdt & Gardner A Co. -1 $130,858 76,268 income,— instruments, Redemption-— Feb. Co. Piper, Jafiray & Ilopwood \ Bior 3d & Co. Monroe • , $1,729,920 ^■Deductions Ferrin, West & Winslow, Inc. Peters, Writer & Christensen, Inc. Jack M. Baas & Co. . $141,911 2405, p. announced tion 207,039 rents ry. Gross Park-ShaughneSsy & Co. Patterson, Copeiaiid & Kendall, • 19'1 1942 . 28.840 railway—_ oper. 160.. Gross O'Neal, Alden & Co., Inc. & . Robbins & rents lac. Net The Onio Co. Barrow, Le^ry &, Co. exemption. tax ^recently that the- company entered 1945 with approaching its highest peak, George A. DuToit, shares.— approach to farm and garden crops."—V. 160, p. 2545. Equipment Alfred O'Gara & Co. . of 1,536,359 MiimeapoIis-IIoneywell W emphasis growing -^'3-.— Joint Co. Biair the of expenses—-...1 V Parker & Redpath Bacon, Whipple & Co. BraUn, shares ' redempt'on for revenues Nusioch, Baudean & Smith Bleichroeder, Inc. 1943 H . Military .demand Inc. H. Newoold's laon & Co.. ■: railway—■ instruments Robbins, Inc.—Creates New Department & Operating Other Securities Nonii & Co. Aub & Auchiut'ioss, William - plant diseases, department, Taxes Ncwburger Si Hano Corp. "Ames, Emerich & Co., Inc. and • Cabot & Na. hville ..Allison-Williams Co. Bauin, from ; 67o Operating Inc. St. Louis Co. ■ A. E. called been Period End. Nov. 30— NlUiianey; Ross 8c Company • Murpney, Favre Si Co. Deinpsey <&; Co, Atwiil *• ivlos.e & Moreiand Co. Kean, Taylor & Co. ArnUold ' Maine Central RR.—November Moore, Leonard & Lynch "Grah. tn, Pardons & Co. Swiss ' • > this corporation has created animal' remedies and agricultural chemicals, and scientific Co. J. Merieka & Co., Moors Newton . ; - Berwyn T. Moore & Co., Putnam & Co, M. . Minsch, Monell & Co. Inc. Hornblower & Weeks Anthony v Milhous, Martin & McKnight, Inc. Lw. & R. C. Miller. -;:r■ H. M. Byhesby and Co., 'Havden, Sionc <fe Co. E. Mather and Metropolitan Co. TucKer, •- project Si22,37'5 $133,995. ' -:y 42,540 income, Jan. 1— ry. 4. au- increasingly aware of the recognition being given to anilnal health the country over," Mr. Murray said. "Cur¬ rent estimates indicate an annual loss of 3750,000.000 in livestock! alone.. Roughly, one-third of our 67 wholesale drug divisions are already reporting substantial growth in the sales of animal remedies. And what is* happening in animal husbandry is being paralleled in the E. Hasten & Co. A. Morris 'HaJlgarietf & Co. .' Inc. , Mwran & Co. iviasoii, v Wertheim & Co. A. * 27,325 from . recognition lviascn-Hagah, Inc. Co. & Co. & Hutchinson Burns Si Corbett, Si Co. Marx , Schoeljkopf, Hutton & Pomeroy, , Lyons & Co. l.iartin, Co. Co. Phelp L. MeMataer Ladenburg, Tnaimunn & tc 308,523. of number remedies for new departiment'v of i according to William J. Murray Jr.,'President, who announced on Jan. 3 the ap¬ pointment- of Dr. Walter Cecil Butler of Fort Worth, Tex,, to head the In south- and benelil the 1944 railway-—_ trom Net —V. debentures, due by extension in 1948, at int. Payment will be made at the Bankers Trust Co.. trustee, St., New York,'N. Y.—V. 160, p. 1527. and new Underwriters Glore, Porgan <sc Co. Otis reduced been PG2648. animal in the offering are: Bear. 303,400 the in increase an stockholder is to receive 1.4 shares of new preferred McKesson and Tennessee, Carolina, Virginia,' of afforded not This . . from "McKesson List be will jobs. many. Minneapolis & St. Louis Ry.—Earnings— Georgia, Alabama, Mississippi, Florida and Louisiana. The principal lines include those from Cincinnati to New Orleans, from Cincinnati to Atlanta, from Louisville to St. Louis, and Virginia, stockholders. and snares; Wall 16 piovlrie of the New York Insurance construction and to relieve unem¬ provisions housing railway-a—^ Net ' -•; recapitalization of plan tne operac.ve from Net ry. oper. - Louisville The .'branches of declared 15-year sinking fund 101 will and war under, the promote to and from IC- From Recapitalization Operative— C-ass, A 160, of the the undertaken designed Gross McCord Radiator & Mfg. Co.—Partial 1945, of in part, at prices First Avenue and Midland Valley RR.—Earnings— .yI.-* below, Co. Mig. to. .common;stock There •'4an annual sicking fund payment, commencing with Oct. 1, residential park-like company's intention was made on Jan. 2 by Chairman of the Board, who said construction of Ecket. November— of common by surrender of each Class A share and all rights, to accumulated and unpaid dividends amounting to $19.50 per..share. ,:A-■ "l lie recapital.zaticn plan does not effect operation of the sinking fund for retirement of the company's present fund.ng stock which is to be As long as any of the series P bonds are outstanding there & plan Each with $208,799,302 and months of 1944, operating 10 firot further a in after ployment, stock, plus one share compared 1942, the P'or Rad ator par tim*zed $178,278,652 and net income amounted to $14,439,408. were build to Under the plans, as outlined, it is expected that the site will contain approximately 15 acres.—V. 160. p. 333. •Net directors' have stock B and $168,824,550 of be Law, 129,268 provides for an authorized issue of 37,947 shares of new preferred stock carrying a $2.50 cumu.atjve dividend rate and redeemable at $50 per share and a change in name of the o.d Class the and operating revenues McCord The 'no years will • H. • begin $2,000,700 % . approved by the 1, 2003. number a through and . RIcCord Corp.—Calls $50,000 of Debentures—.r Plan of 1953. The A reduction 130,176 $184,958 $2,315,180 11,737 $269,820 income- 160, p. 2404. The ca.l for redemption^ on Jan. 1, 1345, of $11,000,000 of bonds, the payment of-.certain, 'equipment obligation^, tue funded debt, incluoing equipment obiigat 'tions, was reduced by $14,514,556 in 1J44. The interest requirements "for one year on funded debt and equipment ob igations as of Dec. 31, 1944, after giving effect to the January 1 redemption and the present 'financing, amount to approximately $6,959,08./, or 31.9% lower than policy 11,518 rv.'.' oper.. See Morgan ht.uv.ey & Co. bid 1C4.3 66 for the istue. Proceeds received oy the rci.roeci, ..t^e-her with treasury funds "required, will be used l'or the retirement or redemption, on or before r April 1, 1946, at 105% and accrud- intere t, oi the fol OAing first and 'refunding mortgage oonda: $14,000,000 series B 5s, $31,000,000 series C A : is: planning Announcement 640,429 71o,480 1 j •■ New!York City., This new community will be known Cooper; Villa go' and will house about 6,000 persons. : ? will Gross —V. j ••■■ facility, rents (net debit) investment group An 66,600 'Joint 4':: •% Community— company Frederick $2,770,397 $3,160,786 $263,295 60,847 * o versub¬ been CominLiion hiias $341,685 rents ; - met'debit) Equip. 'heaued by . 8u,449 The 'asPeter 1944—11 Mos.—1943 Railway oper. income- large gioup of underwriters headed by Sun rt & Co., inc., on Jan. 4 oifeied $53.8 i5,000 2758. p. Metropolitan Life Insurance Co.—To Build New Resi¬ dential the East River, $1,745,476 $19,517,595 $18,102,412 1,112,10) 10,953,601 10,836,892 237,000 4,537,400 3,688,500 7^,6/2 865,8U8 8U6.623 . 676,000 Louisville & Nashville RR.—-$53,835,000 Bonds —A 160, ;,cQmniunity to the north' of.East 2Gth Street, between Ry.—November -Earnings— $1,897,934 ■Railway oper: expenses3''. 796,800 '„,i■ merit.".—V. ; i' VJtshltA Railway oper.:.revenues- ta/ivS "72,653 ; * V Ij44—Month—1943 Period End. Nov. 30— "302,849 . ■ Loui-iana & Arkansas V. 204,948 ;■1 41,612,077 ra.lway—^ oper. authorized by (3) Purchase by Harrisburg Gas Co, of. a gas- p.ant serving 1.204 cus¬ tomers,in Elizabethtown and Marietta and adjoining areas for $80,000. The PUQ'ordered1 the proceeding', completed before Feb; 28, and con¬ ditioned its approval with a requirement the Allentown-Bethelehem •company dispose Qf> t-he Hamburg gas facilities before June 30 be■cause its inclusion- in .the Allentown area is "not a logical develop- 24,708.079 123,223 h':.../-,;' from Net The transfer, ... " $3,277,005 ; 438,22.2 "74,544 670,273 •Federal income taxes-— : , 10 540 933 iroln Edison Co. , Acquisition by Allentovvn-Bethlehem Gas Co. of gas properties serving 13,586 customers in Easton and other Northampton County (1) 24,057,725 1944 •;:•; From January 1— Gikss PUC, provides: 37,977,499 $3,4uG;570 ; and •Earnings— - "rai.wlKhA-A'" hNA''ry. oper, '1-iboiiio.-^ >;eteb,;ri.c on 22,641,358 Net. from reprcsexuaLve of the company s.ated t.iat t.».s power plant proj¬ the bu.id.ng o„ an q,ddit.oiial 6^,000-vo,p trar.sinission iine trom duot 75,572,380 ,.,communities and Hamburg, Berks County, for $1,345,000. .7<:November— •; . Metropolitan gas companies of 108.585,882 190,493,169 152,403,181 62,698,269 ,83,182,527 22,871,255 23,978,143 196,140,879 . p.;;2.758. 160, Long Island RR ; , .from"railwayjh:,rA ry, '.ojjer. hncumcA- Net '-r-V. the upon 111 CHRONICLE FINANCIAL & \--y 1 V 1 i-.ohi" UilwayeuhJ GivA •Net nary" engineering designs have been under and an earlier, app.icatlo-i hn.t. been r> and pre! m .-•Way. it-r tne past two omy: be coordinated with u.id Suffolk Counties. steam generating station to modern another erect its COMMERCIAL THE Number 4349 161 Co. hAtea;ongobd-:&: Mayer Frur.k 3. Cohn & Co, Caldwfll John C. 3. Phil ips P.: Caav'Ii . City £"curhief; Corp. Cohu & Torrey C. Surop hire & Co. Ciuhenden Dail Union ,s A • '? • < ) r Thomas H. The of Michigan 'Fo'ger, Inc. Nolan, Foster & Corp. E. Corp. : • " Ellis Green, Grecnman Si & Towm.cnd, . H. Inc. Hannahs, Ballin & Lee Gregory & Son, II. Woil 'v- Jones Kalman & Co., Thomas Harold Kemp & Co. Kidder & & Co. Co. & '-'vh :%;• Co. 9, 000 SEC & Co. Inc. E. Wood Si 214% counts cept Dulles & Co. F. Yantis & Co., the Inc. able JLocwi & Co. Gross from from Net ry. railway and Year rate, of . income . at incurred incurred to of no- indebtedness in MUA 1942 1941 6.927,452 7,033,637 7,125,993 3,153,143 2,108,206 2,050,051 3,242}026 2,062,735 from from $0.57 Net ry. Authorized Feb. 9, 1942 to redeem $3,000,due Feb. 9, 1945, and the exceed such the or in ordinary subsid'aries time of annum, to subsidiaries, course MUA or and of business and ex¬ subsidiary'of another the aggregate of except taxes and accounts pay¬ $7,000,000, that indebt¬ another subsidiary of MUA shall at no time exceed 160, p. ordinary 2348. course of business and and p. 2545. 1944 railway——. 1943 1941 1942 $243,395 £178,350 $163,947 35,543 24,847 29,978 6.917 3,183 1,498 .8,734 "12,720 2,343,416 1,993,439 1,553,937 ! 1,241,107 568,796 280,722 305,084 234.375 177,512 25,988 49,799 "48,29,J railway income eper. from Net from railway— ry. rail way. 2 Harrisburg by the Pennsylvania '140. $103,740 P. 2545 P. Missouri Illinois RR.—EarningsNovember— Gross from Net Net ry. 1944 . * railway 1943 1941 1942 $307,116 $290,878 $313,085 $236,667 107,680 66,029 134,728 26,680 163,173 "13,556 107,718 3,196,169 3,958.699 3.041.948 2,446,672 1,294,186 1.357,434 1,594,093 536,861 394,078 526,240 from railway.——. oper. income.— - 40,04>j From Jan. 1— Gross from Net from Net ry. railway. railway oper. income... "Deficit.—V. 160. 1,168.795 558,2)5 ; p." 2405, Monogram Pictures Corp. , utility companies have — income— "Deficit. (& Subs.)—Earnings— Earnings for Nine Weeks Ended Sept. 2, 1944 Ntet Allentown 160, Arkansas Ry.—Earnings- except Metropolitan Edison Co.—Sale of Gas Properties— mission & November— Gross Net the .application of the company to is¬ note dated Feb. 9, 1945 and due Feb. dated note 214 %, per payable shall treasury.—V. to Date $17,862,227 $17,138,414 $15,510,183 $10,186,529 railway- granted unsecured indebtedness edness oper. 2 214 unsecured $1,000,COG.—V. ■Net 100,G00 that all or any part of the prin¬ cipal amount may be paid at the election of MUA at any t;me upon not less tban 30 days' prior written notice, and that the aggregate of the indebtedness of MUA and its subsidiaries, except taxes and ac¬ at .the Co. its From Jan. 1— Associates—Notes Utilities Jan. on $3,000,000 MUA 1943 ''.$282,555 $0.45 $317,209 $0.46 share——— common per in Missouri $346,584 by the First National Bank of Boston. The note to be issued provides that interest will be payable monthly Leedv, Wheeler & Co. 1944 1,107,800 —r..,;, held Wyatt, Neal & Waggoner November— 966,273 135,000 L. 1.C48, payable to the First National Bank, Boston, Arnold Co., Inc. Laird, Bissell & Meeds Earnings for November ' .profit J The sue Wurts, S. 441,051 31,000 —... 160, p. 2405. Voolfolk, Huggins & Shober . 1942 1,554.384 Net Co. Woodard-Elwood & Co. Inc. ; SEC has approved the proposal of the company to redeem all 18.246 outstanding shares of $7 preferred stock, par $100, at tho redemption price of $110 a share, plus accrued dividends to the date of redemption. The. company proposes to finance the transaction out of Gross White, Hattier & Sanford Inc. provisions V'"'v Massachusetts ■ The White-Phillips Co., Inc. Edward D. M. —V. • Corp. Wheeiock & Cummins, I-,;r;i,; Hilsman: & Co., Co. tax contingencies— To Redeem Preferred— The $4,693,432 1,383,828 —— its cash 1943 789,26(1 Dabney & Tyson Westheimer ,r,- Hirsch & Co. A. Si .Weil & Ira J. Net Watkins, Morrow Si Co. Weeden Haupt & Co. Hrller, Bruce & Co., Inc. Wainwright Si Co. Washburn Anderson Cook, Inc. Hill & Co. C. for Earnings Wachob-Bender Marshall Granbery, Marache & Lord and State VV.'V Temp-e Co., and 80 $4,701,263 $3,897,713 Federal Stoker & Co. Thomas W. Quarter Ended Nov. for Profit before tax and reserves-— Thomas & Co, First (no par) at $41 per share, with a dealers of 70 cents a share. sales Reserve Pie.d, Richards & Co. First Cleveland 'Earnings Net StileL Nicolaus & Co., Inc. Walter Offering—Blyth & Co., Inc., distribution, a block of Balance secondary a 1944 Co. Ltix Sc Co. Co. Clement A, Evans A Co., Inc. as Co. Si Ltcrne, Agee & Leach Co. Trust Co. R. L. Day & Inc. Wagner, Brothers & Stern & & starkweather 2 concession to recognized Simon & Co. Smart , Cooiey fi Co, Inc. Co., & Jan. 7,000 common shares & Co. Minton M. I. ■ Coiling rand Co. C. Li.l;, offered Showers Robert Co. & Co. Carroll Masonite Co.—Secondary been granted profit | Federal | after profits taxes per¬ U.^ Commission to purchase all of the charges and 161, p. and excess 10. $20,642 $0.02> : ...^ Earnings per share on 458,659 shares of —V. income capital stock • - y a 1941 3944 394.3 1942 $71005,"731 $7,397,165 $6,569,159 2,172,612 3,425,546 1,530,999 2,605,220 1,605,123 70,623,207 24,301,768 71.310,919 22,820,131 51,873,063 16,458,783 income-6,905,284 *Deficit.—V. 160, p. 2758. 9,127,402 November— railway—— railway-.—— from Gross Net from Net ry. 1,561,104 income— oper, From January 1— railway--—/ from Net railway— from Gross Net v \ oper. ry. ■ - railway— oper-. income--. from Net ry. 1— railway- 215,791,270 From January from Gross Net income— 10. oper, ry. —V. 92,250,774 31,400,019 railway- from Net 161, p. Net 271.936 192,129 92,440 14,879 126,933 155,618 6,426,818 3,787,851 1,433,597 5.386,071 Net ry. railway—— from Net —V. 1,176,427 income— 2545. cper. 160. p. 298,599 Revamping Lacks Required Votes— Voters from • v* the '■ ;: failed to register the nec¬ reorganization plan for the road, an two classes of bondholders among degree of approval of the Interstate Commerce Commission shows. summary 7' . 'v; announced Dec. 29, listed 64.01% of Housatonic RR. bonds and 49.4% of Old Colony RR. mortgage of the total of those classes voting on the plan as favoring it. The summary, mortgage consolidated bonds 1945, 1, annum, was —— 5,967,615 3,261,997 1,254,112 6,157,643 3,155,329 railway- from $499,288 $555,726 333,484 From Jan. 1— Gross 1941 1942 1943 $424,072 income— cper. 101,650,499 32,035,605 20,997,853 206,772,962 161,174,905 94,404,440 69,706,341 36,422,767 45,351,236 1944 railway———" from ry. 1941 $9,769,655 2,583,781 1,423,855 v bids;.: Boston Terminal and '-'A : 7 ;■ the V . for bonds bearing interest at'the rate of 33/4% per The plan was submitted to security holders Sept. 26. .7 made by ia group of 91 investment banking firms headed All others of the 13 classes of creditors voting approved by necesby Halsey, Stuart & Co., Inc., and has been accepted.' On this basis, sary majorities. * A-'y-vyA A:%"7:>.7Y%"'% 77,7 ■ %7;7.%:=; the average annual cost of the proceeds, to the applicant will be ? Although approval by 66 2/3% of each class voting usually is neces¬ approximately 3.72%.. This group has publicly offered the bonds at 7102 and accrued interest,;7: <' yY'Yy-y'' v y>y Yy.;,lYY yy/AAA^Y'1 sary for; a plan's acceptance;' the court may confirm a plan in other circumstances, if it finds objections of a class unreasonable or holds The net saving of the refinancing program; is estimated at $14,-. > that an insufficient vote of the objecting class has been cast, In this 546,473, computed as follows:Interest from redemption dates to case, the decision would rest with the U. S. District Court for Connec¬ maturity dates of the $15,188,000 of extended first mortgage 3J/a% ticut. bonds, $26,058,000 of refunding mortgage 5%% : bonds, and $6,500,000 In the Housatonic class, holders of $992,000 out of a total of $2,819,of Toledo, St. Louis & Western 4% first mortgage bonds, is given as 000 cast ballots.' In the Old Colony group, holders of $9,969,000 out of $44,247,513. From this figure is' deducted $27,624,050, representing a total of $16,448,000 voted. interest on the series D bonds to be substituted therefor, and cal¬ Securities represented by the 13 classes voting totaled more than culated from the approximate settlement date for the purchase of the £260.000.000.series D bonds to the respective maturity dates of the obligations to be redeemed, with the exception of the $10,9^0,000 note, which is calcu¬ Earnings for November and Year to Date lated from Oct. 24, 1944, to Jan. 25, 1945, a period of three months. 1944—Month—1943 • 1944—11 Mos.—1943 Period End. Nov. 30— The resulting reduction in interest is given as $16,623,463. The re¬ demption premiums payable on the $15,188,000 of extended first mort¬ 14,400,592 14,505,483 167,413,223 164,468,871 Total oper. rreVenue_^ gage 3Vi% bonds of 1%, and on the $26,058,000 of refunding mortgage 909,8751,943,360 19,297,398 30,900,429 Net ry. oper. income_— 55/2% bonds, of 7Vz'/a, amount to $2,106,230, which is offset by Inc. available for fixed $222,180, representing the 0.529% premium receivable on the sale of 1,480,296 2,634,681 23,564,197 34.873,574 charges the proposed series D bonds, making the net reduction on account of 473,372 1,561,646 12,415,519 22,937,407 *Net income-—! premiums $1,884,050, and reducing the savings ill interest to $14,^Includes accrued and unpaid real estate taxes on Old'Colony and 739,413. The expenses of the refinancing are estimated to amount to Boston & Providence properties; also accrued and unpaid charges $192,940, thus reducing the net savings to $14,546,473, and consist of: against said properties for Boston Terminal Co. taxes and bond Federal issuance tax on series D bonds, $46,200; New Yolk mortgage interest. ■ 7 '• '""AY-AAAy A : ;7'77,77> recording tax, $14,090; recording fees in various States, $2,250; listing on New York Stock Exchange, $5,040; fees and mailing expenses of % Net income is also after fixed charges on the present capital struc¬ trustees and paying, agents, $70,000; printing, engraving • and signing ture. but excluding rents under rejected leases.—V. 160, p. 2407. new bonds, $38,150; all other printing, $7,900; 'advertising for bids and publication of redemption notices, $9,400Y-V.;<161, page 11.:ANew York Ontario & Western Ry.—Earnings'J" 1941 1942 j A sU"' '< '< W h t 'j*"' /' 1943 November—; 7 Y t -7: 1944 $449,214 $561,476 $645,811 Gross from railway $687^717' New York Central i."<: *23,187 68,664 48,223 Net from railway "5,576 \ *91,0 <6 (Including All Leased Lines) 46,039 7 '.*o,796 Net ry. i oper, income— £ 104,714 Period End. Nov. 30— 1944—Month—1943 1944—11 Mos.---1943 From January 1— $ 5,702,523 6,881,485 8,030,946 Gross from railway— 8,612.865 58,123.922 663,129,296 648,221,424 56,800,020 632,035 Railway oper. revenues1,013,209 1,092,351 Net from railway—450,818 45,943,261 481,309,522 432,045,144 45,249,163 Railway oper. expenses *216,373 222,176 288,153 Net ry. oper. income "717,011 5,337,902 103,019,799 118,978,662 5,020,688 'Railway tax accruals"Deficit.—V. 160, p. 2650. 1,562,251 1,576,745 17,293,305 16,753,257 Equip. & jt. facil. rents Jan. '. , $545,098 railway—_ from Net 8,092,821 - essary 120 investment bank- were mailed to ; of bondholders of committees tective Housatonic RR. 'AYY bonds Were D firms and insurance companies. In response thereto, two were received^ The better bid, of 100.529 and accrued interest 3,348,103- Ry.—Earnings- Monongahela November—• Gross ' 4% bonds/•' • of refund¬ ing . " mortgage 5Va% bonds,. series A. 'YYyY YY of the Commission states: !• for bids for the sale of the series Advertisements published and invitations to bid ■ V, with other .funds,, used to redeem The report 31,637,755 '1943 1942 $20,547,733 $17,374,970 8,693,488 9,185,845 8,067,522 2,646,112 2,676,477 4,052,334 1944 the proceeds, $10,000,000. promissory note, $6,500,000 ;Of first, mortgage the, Toledo, St. Louis & Western RR. Co., and $26,058,000 ing *374,614 railway—_ $20 196,652 from Gross Net $2,921,753 122,475 9,239,738 ' Missouri Pacific RR.—Earnings—■ November- of and interest, accrued Earnings— Missouri-Kansas-Texas RR. Monday, January 8, 1945 FINANCIAL CHRONICLE - THE COMMERCIAL & 3,360.195 1,824,105 ■ Earnings— Montour RR. November- Net Net iC0, 2,633,896 967,032 933,180 income— 2406. 721,409 684,000 768,347 p. 40-foot-six-inch box cars. 500 similar box cars was l.COC 50-ton order An for Topeka & Santa Fe Ry. for 500 50-ton box cars. Vernon All these of Nashville Chattanooga & ry. 1943 $3,721,186 Net 667,886 1,378,118 income— 310,605 432,328 641,572 160, p. 3,368,459 income,2649. ; -V. 5 ^ l 160, Net Net from Net ry. —V. 6.850 *23,147 Co.—Changes in Personnel— and General Manager of the Clinton Co., Clinton, Iowa, a subsidiary, has been elected President of both the parent concern and its subsiri.ary, succeeding Vincent L. Price, re¬ tired. 'L. A. Huemmler, Assistant Secretary and Assistant Treasurer of the National Candy Co., succeeds Ronald M. Bates, retired, as Secretary and Treasurer of that company. Richard M. Moss, St. Louis, Mo., has been elected Chairman of the Board of both concerns. These changes became eifective on Jan. 1. ,1945.;—V. 160, p. 2649. National Candy Ciizbe, Vice-President Association, Chicago— Registers with SEC— iiled Dec. 29 with the covering the proposed issuance and. sale stock at $100 a share. The stock" is to more than 6% Proceeds will be used in The Association . statement of 2,500 shares of preferred h^ve a dividend rate of not making loans to members of SEC a registration Association. •' • & Electric Association—Output— For the week ended Dec. 29, the Association reports electric output of 11,530,597 kwh. This is an increase of 202,687 kwh., or 1.79%, above production of 11,327,910 kwh. for the corresponding week a England New year ago. increase of 621,C00 cu. ft. in Association—Output up 10.C6%— England Power New Association The 161,168,000 cu. ft., production of 155,the corresponding week a year ago.—V. 160, p. 11. 23 week is reported at 5,547,000 cu. ft., or 3.56% , above for the Dec. outout Gas cm Gas for the week ended 61,295,019 for the week territory with of kilowatt hours available for its Dec, 23, 1244, as 67,461,896, compared ended Dec. 25, 1943, an increase of reports number Y- ' • Dec. 16, 1944, was \yY- "Y-YY. ■ Comparable figure for the week ended increase of 0.32%.—V. 160, p. 2753. 10.062. - an New Orleans & November— Cross Net Net 1942 $1,237,617 $1,229,604 $538,565 488.879 640,065 751; 322 279,582 "47.C56 140,958 10,^43,061 5,058.377 6.193,728 1,255,029 2,561,636 108,570 110,673 ,;:£v From Jan. 1— Gross from Net from Net ry. ■ railway- railway— New '5,148,487 1.094,5*5 income— oper. 'Deficit—V, 160. 13,350,067 7,323,984 1,572,677 11,926,980 _ _ Orleans Texas & Mexico 1944 November— Gross from Net from Net ry. From G) ess .'./1943 1941 1942 $1,059,502 $648,731 $361,979 413,503 702,302 1,501,168 301,609 166,998 49,498 from from Net rv. 9.C45.431 8,843,143 5.919,523 2.803,945 5, J 05,983" 5,471,553 3,254,352 1.059,249 4,157,971 3,177,158 2,641,892 1,093,403 233,622 income railway idO. . railway oper. p. income— 4,009,069 1,035,946 1.345.293 1,272,216 1,622,017 2,723,922 of Court Appeals at York Jan. 2 Bank Bank Providence of court's finding that lower and '' Boston. of The New York, Chic. ICC on Dec. 26 & St. Louis RR.—Bonds refunding mortgage 33/7% Authorized $42,000,009 bonds, series D, to be cold at 100.529 and authorized the company to issue 160, p. secured creditors, upset this, Net - the 7 Merchants Ry.—Earnings— decision ■ ' and tention curred of assets to the account its involved "Each of these an 2,283,714 29,996,067 176,136 176.136 1,937,497 22,188.675 1,937,636 160. accrued factors. was. report 615,000 ——— 1,851,817 2,058,720 560,085 7,340,000 income— of 20,137,868 '■ 2546. p. : 19,690,954 ■ ry. and' such was railway- 45.982,563 income— 160. p. 2516. 21,643,421 ry. —V. oper. 1,328,764 77.258,816 finding that in its reached that they of in the cases cf the three banks and the Old Colony bond¬ holders. the 15 appeals concerned were rejected. The oilier appellants included the New Haven line itself, the Commonwealth of Massachu¬ various New Haven security holders and pro¬ ■ ;/■ (Wis.)- -Partial Redemp- ,AyvY . %% /■%.->:% • ■ 1 . has company outstanding 1st Ncrthwestern Pacific RR.- -Earnings1942 1941 $489,902 $466,729 $501,516 $266,282 75,430 3,054 207,149 *30,750 48,293 167,656 *64,518 '5,664,664 4,636,413 3,258,459 1,353,713 1,348,123 286,338 903,851 *107,157 1944 November— Gross railway.— irom Net Net ry. railway from Net ry. 20,316 5,650,090 1,174.552 610,081 railway- from Net income— oper. "Deficit.—V. 1943 , Y 1— railway— from Gross i. income— oper, From January 160, p. 789,815. 2407. m n •.-> "'' ''.y 1944—Month—!043"lv"l94^—i2:Mos.—1943 Ohio Edison Co.- -Earnings— Period End. Nov. 30— Gross Provis.' Net other cxp.,, pfd. pfd. 891,213 9,475,857 $528,872 $681,478 $7,231,769 $7,945,181 231,616 316,964 3,854,788 3,844,601 $364,514 $3,376,980 $4,100,530 83,500 — deducts. etc. Balance -V. on of 3,954.755 961,865 Income Amortiz. 4,069:218 10,511,0^3 $297 255 income Dividends 11.586,445 326 676 173,076 1,397,064 2.076,923 $191,437 $1,979,916 S2,020,307 339.822 — for taxes..,— and $32,962,239 1,027,67^:^)3.526.840 depreciation amcrtization Provis, $2,927 043 ,$35,333,901 1,241,262 expenses for and Int. $3,071,821 revenue Operating Gross "found no error in the District Court's refusal either to recommit the plan to the Commission or to delay reorganiza¬ tion until the probable extent and duration of war earnings can be more accurately determined, or to issue stock warrants to represent an equity which may develop in the future but does not presently exist." •' court * " :Yv;%' Y 18,617.205 called for redemption on Feb. 1, next, $175,000 mtge.-3 V.i %: bonds due March 1, 1964, at 106 and int. Payment will be made at the First Wisconsin Trust Co., trustee, Milwaukee, Wis.,, or at the ontion of the holder, at the Chase National Bank of the City of New York, 11 Broad St,, New York. N. Y.. or at the Harris Trust & Savings Bank in Chicago, 111.—V. 160, p. 2299. The ; ' 23,480,886 Y/I, States Power Co. Northern tion— be sustained. considered by the Commission and the conclusion 3,036,819 3,927,738 135,336,302 railway— from Net or the Commission's 1,801,262 107,400,405 50.434,994 37,379,173 31,947,192 24,954,440 2,344,210 143,591,577 Income— oper. from Gross principal, such in¬ Improvement in the ratio of Interest $7,696,100 From Jan. 1— I v " / 1941 1942 1943 1944 railway—— $13,368,034 $14,571,959 $11,749,419 3,929,297 6 256,302 4,783,366 railway—-—_ from Net increase in the authorized setts, the City of Boston, —— from Net treated as un¬ The Circuit Court Pennsylvania RR, the court wrote: of 20,251,039 YY'.;' 2,516,432 Y 2,107,578 28,058,570 apY ' r 'Y %'y'/::Y' I—_ ,-y.Y 49,615 48,858 580,702 _Yw_-— funds res, Northern Pacific Ry .—Earn ings— indefinite future." appellate 2,692,568 November— capitalization or a find¬ ing of value" for existing stock. These were matters for its expdrt judgment and its conclusions" are supported by material evidence. As the Supreme Court recognized in the Milwaukee case, 318 U, S. at Page 543, wartime earnings are not a reliable criterion for establish¬ ing the financial structure which is to serve the reorganized railroad for income—A income Gross determination current liabilities that supplemental 21,914,504 274,171 Balance existing stock has no value should not fourth 23,674,928 b, 821,139 fiz —V. Thomas W. Swan. Judges A. N. concurred. In discussing the appeals of earnings recent in 2,598,272 Dr314.558 for complaint of the equity interests is based on the con¬ during the pendency of these proceedings there have oc¬ such reductions in the debtor's secured obligations by reason creases 9,428 2,095,784 598,784 Miscell," approps, main on (netiCrs— 659,093 v ■ that payments 3,869,923 Dr Net Frank N. Jerome 147,000,398 136,800,236 7,463,830 82,436,740 78,026,397 1,322,016 47.974,371 44,599,179 773,596 7,316,895 7,897,702 9,875 231,255 157,859 7,295,644 propiiations National ' written by Judge was $ 11,120.398 funded debt— on Net by the court, with assistance from the Interstate Commerce Commission of the value of assets to be turned over by that carrier to the New Haven. The appel¬ late court found that the method of arriving at the allowed value of $5,756,800 was unsatisfactory and directed that a new appraisal bef made. Leave was granted to the Connecticut court to review the whole plan of reorganization, if it desired, or to consider only the matters The 1944—11 MOS.—1943 -1943 $ expenses- income Sink, upheld. with the attehdam loss of equity. claim 705,327 income(balance). Gross Int. court held that the banks should be Colony 1,317,644 1,049,096 1,190,691 1944—Month OYY remarking: Old The 5.101,143 2,561,108 accruals- oper. ry. Other opinion fair and equitable treatment requires our 7,300,991 * 12,611,688 rents (neti facil. Jt. that the dam¬ age caused the banks should be made good to .them and that they should be classified as secured creditors to the extent which they could have realized on their collateral had they not been restrained from selling, and as unsecured creditors only for the amount by which gthe debts owing them exceed such realizable value of the collateral.'-. "In 7,717,027 2,259,253 revenues oper. rents Equip. upheld worthless. became 111,882 ■ reorganization was filed on Oct. 23, 1935, the Manhattan, Providence and Boston banks held New Haven notes for $1,000,000 and $420,000 and $500,000. respectively. All were secured by collateral marketable at 83% or more of their claims. Incident to the reorganization, ,however, all were restrained from selling the collateral. During the pendency of this injunction the The Connecticut 90,454 270,635 96,782 690,781 income-.. 2407. oper. ry. Railway oper. Except The railway Railway tax stockholders were entitled to no par¬ ticipation in the reorganization was When the New Haven's petition collateral 1941 S452.344 209,117 -7,616,719 1,691,394 lanway— iruin Railway Plea Loses— on 1942 $726,377 $716,985 bo.odl income Norfolk & Western RR.—Circuit Court New . 1943 • in Connecticut In National Hospital 3,377,863 1.368,525 633,731 139,233 railway——- Period End. Nov. 30— action previously taken by the Federal approval of the plan of reorganiza¬ tion for the company. As a result, consummation of the plan, which had been approved on March 6. 1944, will be 'delayed while the lower court carries out rulings of the Appellate tribunal. The Connecticut court was reversed on matters affecting bondhold¬ ers of the Old Colony RR. and three banks that, had been designated unsecured creditors: the Bank of the Manhattan Co., the Rhode Island The 2406. 1944 $662,613 7 2,899,363 1,522,860 RR.—Earnings— „ oper. from —V. 162,540 railway— Jan.' 1— Net —V, Ry.—Earnings- ry. Gross but reversed in part, Court did not warrant an $746,876 railway— cper. 1,272,798 ' 2406.: p. 2,499,310 % 2.664.292 2,741,756 1,251,859 Circuit current , 826,311 railway— from from Net j income— 2406. S. U. The "The 1941 $1,095,723 income— November— Net . stockholders, including the , railway- ry.- oper. 82,904 Are Not Unsecured Creditors—Stockholder Hand railway- from from 1943 108,909 107,997 touched on in the present opinion. Northeastern RR.—Earnings1944 103,334 7 Delay Consummation of Plan — Reversal, of Connecticut Bench on Status of Noteholders Holds They 67,002,546, ; • 1,744,948 990,605 From January 1— $229,477 107,864 $224,959 to generally, ' Cooperative Finance $235,354 7 A! 127,005 New York New Haven & Hartford 1949 $693,335 3,998,973 2,439,570 2407. p. Net 163,288 ; income— railway—— p. income^- yy District National 160, Net 101,779 $226,933 railway-— railway 160, railway..—— oper. ry. Norfolk Southern 1941 1942 1943 1944 oper. Rules V $1,434,981 $59,008,070 $75,690,201 Y railway——, from Gross : ——--- $933,728 . oper. ry. 70,282 5,306,889 and inc. From January 1— %<' l"vY':Y(V: 1944 Y—$1,045,485 v— from Net 41,519 railway-— from from Net 2759, p. from Gross Inc.—Earnings— Net loss after charges--.— 'Profit.—V. 161, p.' 11. the 54,574,182 New York Connecting RR.- -Earnings- # 5.Months Ended Nov. 30— Total revenues E. 33,652,000 $297,084 ''7 82,384 48,374 7; 5,377 160,685 173,873 5,255,902 2,266,899 837,726 income-- oper. 1941 1942 $375,260 "': $423,030 From January 1— Gross Gross 4,970,411 2,963,672 .116,164 /"., ' - value. nc par National Airlines, R. 3,031,888 profits taxes excess Straus-Duparquet, Inc.—Registrar— *" The Chase National Bank of the City of New York has been ap¬ pointed registrar for the preferred stock, $25 par value, and common ' 41,712,777 2,524,433 __ Fed. ®Incl. Nathan stock, 42,608,265 ry. 1.341.193 3,137,401 y Net 17,794,196 27 .627,336 9 ,719,301 38,585,501 14,318,149 4,497,424 39,157,250 9,825,818 railway—— oper. ry. 3,338,400 3,654,996 charges November— V V 1— railway— from —V. 129,919 320,383 income Net $1,722,482 339,882 189,866 $: .486,815 ] ,629,532 oper. from Net . railway—.— from Net 97,628,152 79.598,665 6,299,208 Net $397,713 150,405 railway.-,- from 1943 1944 November— —V. 1944 From January Gross 17,188,791 y Susquehanna & Western RR.—Earnings— New York 80,439,361 18,091,995 6,499,812 income fixed Total 1941 railway— from Net 61,506,670 1,033,194 Income St. Louis Ry. -Earnings— $3,593,512 railway—_ from Net Total the third 1942 November— Gross 5,266,014 1.531,894 • 1945.—V. 160, p. 2649. of quarter during delivery income 4,967,918 income-. oper. ry. Miscell. deductions from order with for scheduled are cars has also placed an ' - Gross ... , , The Atchison Net Other also received from the Pacific RR. Southern Mt. Large Orders— order with the above company has placed an V? RR.—-Earnings-^' 957,254 above.—V. 122, p. 345. Mfg. Co.—Receives Union Pacific RR. * River RR.—Merger- Chelsea RR. & Barre Mt. Vernon Car for 790,779 2,765,010 Montpelier & Wells The 2,222,148 railway- oper. ry. see 74,260 70,580 railway—— from —V. 94,846 72,743 2,513,066 1,047,025 from Gross 10,168 26,120 January!— From Net income— oper. ry. $209,941 $229,087 77,793 62,279 railway—— from $194,134 $235,142 railway— from Gross Net 1941 1S42 1943 1944 : stock stock 3 299 $ — $213,755., 160, p. 2546. (Continued on page 145) 113 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4349 161 Volume m New York Stock Exchange Stock and Bond Sales DAILY NOTICE—Cash and deferred delivery sales are WEEKLY - YEARLY - only transactions of the day. No account la taken of such sales In computing the range for the year. disregarded In the day's range, unlets they are the York Stock Exchange United States Government Securities on the New Below we furnish a daily record of the transactions in Treasury and 32d of a point. Figures after decimal point represent one or more week. Jan.4 Jan. J Jan. 2 Jan. 1 Dec. 30 Daily Record of C. 8. Bond Prices Home Owners' Loan coupon bonds on the New York Stock Exchange during the current '• Daily Record Jan.o 4*8, 1947-52 Total sales In $1,000 units 2%s — Total sales In $1,000 , ' • • v .•■••• High' Low ■ 11 1 (High ' Low sales in $1,000 units \ Total sales in $1,000 units ' (High 112.24 [Close 112.24 2%S 1956-59 Total 5: units ( LOW [Close ' sales in ■( Low 5 (High ( Low . 1947 2s, 100.27 100.27 $1,000 units— (High [Close (Close Total units sales in $1,000 units ,— High (High i Low 2%s, 1948-51 100.27 (High 112.24 \ Lfovi 2%s, 1945-47 Low [Close units 2%s, 1955-60 1948-50 2s, March low => Close [Close Total sales in $1,000 units (High Tligb __•{ 2s, Dec. 1948-50 LOW Total sales in $1,000 units (High Low I Close "High is, June, 1949-51 Low — [Close s units— 2% 8, 1958-63 ( Total sales in $1,000 units — (High (Hign \ Low i ( Low 1949-1951 Sept., Is, : [Close [Close units In $1,000 Total sales ■Total sales in $1,000 units— (Hign Hign rl:• J 1949-1951 Is, Dec., Low > Total sales in $1,000 units. (High High 1950-1952 28, March, Low 1945 •{ Low I Close Close Total sales in $1,000 Total sales in $1,000 units —. IClose Total Total sales in $1,000 units (High i Low [Close 1950-1952 Sept., 2s, -I Low 1948 units s'c: (High SV»e. sales in $1,000 units (High ( Low 1949-53 2s, 1951-1953 1 Low — IClose Total sales in Total sales in $1,000 units . r: 1*8, 1950-52— (Close (cioss Total sales in $1,000 < Low (close 2s 100.13 100.13 100.13 100.13 14* J T.ow In $1,000 units (High -—{ Low 1948 101.9 101.9 100.18 [Close Total units— 100.14 100.14 ' V— 100.17 100.15 In $1,000 units 100.17 Home 5 *4V> ' 100.17 Loan Owners (High 2 £• . sales 101.9 100.17 100.14 Total sales in $1,000 units 10 { Low [close [Close 1%S (High •! 100.17 l*s, 1945-1947 . (High in 1953-55 Total sales 7 100.18 Low (Close 100.13 100.13 $1,000 units—. 100.18 (High Total sales in 100.28 (Close 100.11 ( Low IClose 2*s, Dec., 1964-1969 2 f High ( Low (High 100.28 Total sales In $1,000 units —( 100.17 " (High 2*s, June, 1964-1969 100.17 100.17 units 100.28 1 low Total sales in $1,000 sales Total Holiday i Holiday (Close » 1952-54— Dec., 2s, Total sales in $1,000 units 1963-1968—.- 5 [Close ( High 2*8, : , units 2*8, 1962-67 Low IClose (High —A Low^ 1952-54, June, 2s, ( Low 2*8, 1956-58 V. • ——— Total sales In $1,000 units (High Total sales in $1,000 100.25 $1,000 units 19§1*55 £a. Total sales in $1,000 units *%S, 1952-54 100.25 High (High — Low ■ 100.25 [Close (High t*B, Low I Close Close 2*8, Low [Close Close s 2%S. 1960-65. 13 . ] 2Y«s, 1954-58 [Close Total sales in $1,000 100.19 — (High ( High \ Low 2%B, 1956-59 100.19 — „ [Close Total units 3s, 1951-55 Total sales In $1,000 _ Holiday 2Y4S, 1952-55 [Close Total sales In $1,000 100.18 100.18 Low ( [Close (High Total sales in $1,000 100.20 100.14 100.14 Total sales in $1,000 units ] Low Total sales in $1,000 100.18 100.14 " „ ■ 1 (High 2*s, 1951-53 $1,000 units 3s, 1946-48-. t 1 (Close ■ Close Total sales in 100.16 (High ( Low / 3*8, 1949-52 1 Total sales in $1,000 units . c ' 100.16 $1,000 units 2*s, 1967-72 Low Jan. 5 100.16 100.14- 100.14 2 : Close , in Holiday Total sales in $1,000 units ' 100.14 100.10 j Low Total sales High ■ 100.10 10 [Close units 3% 8, 1946-49 100.10 100.10 $1,000 units 2%s, 1966-71 (Close / Jan. 4 Low 1965-70 [High (High . Jan. 3 100.10 fHlgb Total sales in \ Low S%s,, 1946-56 Jan. 2 100.10 Close Treasury f High 1 Low [Close Treasury Jan. 1 Dec. 30 U. 8. Bond Prices of 100.11 100.15 100.17 100.11 100.15 100.17 Low (Close 100.17 100.17 — *Odd 1 10 10 1 $1,000 units Total sales in $1,000 units lot sales. NEW YORK STOCK RECORD LOW 8 per $ per share share *111* 112* *61 * *61* 66 Jan. 3 Jan. 4 S per share 63% 63* 63* *111* 112* *111% 112* *61* 66* 63 64 112* 66 *62 66 Sales Friday t per nm£ 10 9% 10* 10* 10*. 68 *69* 70* 70* 73%*:. 80 13% 13* 14* 14* 14%; ' 14* 33 34 23* 39* 98 *23 23* 39* 98 6* 173* 39% *98 2% —— 3 3 36 36% 60 28% *59 60 28% 28* *89 94 *91 13% 152 31* *. For 23 23% 23% 40% 40% 41% 99 99 99 3 2% 36% 60% 61 28* 176 *174 36% 95 6% 6 % • 28% *89 13* ' 13% 13% 153* 155% ■ 38 61* 29* 95 13% 156 6* 175 3 6* 175 37% 3* 38'* 61* 61 V4 28% *89 29'A 95 14 14 156 157 40% *97 6% *175 footnotes see page 123. Address-Mutigr 41% 9.100 60% 14 y4 158 16 15% 16* 16% 16* 16% 31% 31* 32% 32% 32% 32* 29* v 15,700 14* -17 33% & Gold Min Albany & Susquehanna RR 1.300 Allied Chemical 1,800 6,500 Allied Mills Co Inc & Dye Sep 3 66 Nov 3 14 Dec 15 7% Dec 30 24* Oct 18 25* Feb 32* July ; 14% Jan 21* Mar 53 Jan 26* Jan 31 19* Jan g 64 33 - 41% Jan 52 July Jan" 57 % ~Sep Jan 13 Apr 37% May 18 43 July 15 38% Jan 48% 75 Jan 13 100 Dec 26 67 Jan 76* Sep 5* Apr 18 7% July 13 Jan 7% Apr 3 Mar 29 181 Nov 21 3(4 Dec 16 Jan 128* Dec 10 37 Allied Kid Co 63* Mar 115* 2 Corp 1 5*% pf A with $30 war 100 $2.50 prior conv preferred-No par Allen Industries Inc..., Jan Nov 35% 10* Dec 124 2,200 51% 108 8 100 Alghny Lud Stl Corp 64Mb Jun 23 114 Jun 12 Highest I per share par Allegheny , I per share 100 No Inc Vicksburg Ry Juneau share 10% Jan 27 . 1 Par 10 Corp Alleg & West Ry 6% gtd 95 159 Alaska 40 . Reduction Alabama 14.800 6% 178 3* Air 80 100 2,400 15% -- 600 No Corp per 13 24 8* Aug 25 ; I Dec Jan 47 2.50 Co Co 23* 52* Feb 21 108* Nov 21 No par Express 500 32,500 29,300 28% Steel Adams 33* 39* *89 Motors Adams-Millis 63% 3 Acme 600 * 100 Year 1943 Lowest Highest- t per share No par preferred ACF-Brill 12.900 37% 31% 16 31* 23% 153 * 13% 154 *15% 3 33 40* 6* 173* 33% 99 1 99 6% ■ ;■ *32 23* 23 % 40 % 34 *33 34 *171 * 6% *171* 36% 10,000 14% 9% 4% .Abraham & Straus 80 13% Abbott Laboratories . 10* 68 Lowest Par 400 65% 13% 33 ; 112* *62% 10 10* '13% Range for Previous . Range for Year 1944 STOCK YORK EXCHANGE Shares share 63 63 NEW for the Week Jan. 5 68 10 *66 .tSTOCKS " ■j $ per share t per share *62 64 •62* Mil* Jan. 2 Thursday Tuesday Jan. 1 Dec. 30 ■: AND HIGH 8ALE PRICES Wednesday Monday Saturday No par .—100 1 No par —8 No par 2 Jan 23* Jan 3 38 4 24 %, Apr 19 70 Jan 21 Dec 20 62 Jan 9V4Jan 141 3 Apr 26 13% Mar 18 29 Aug 15 Dec 7 29% July 5 91 Dec 20 15% Oct 157 7 Dec 16 16* Feb 5 35% Mar 27- 3% 85 A Jan • Jun 3% July Jan 32% 13 Jan 45% 18* Jan 31* July 64 Jan 75 7 Jan 6* 11* 165 Sep Sep May Jun July 140* Jan 10% Jan 14% May 16% Jan 37% Nov 7 RECORD NEW YORK STOCK $ per share per Jan. 3 22 1017,a 38% •39 113 % 114 23 % 114 23'A 2374 2374 42 V 42V.! 44 % 21 21% 74' *72% 17 >a 2 28% 29 a 46 47 21V2 . 182 12% 12% 12 12 »4 93 Vs 92% 93% 7 1.700 184 *182 *182. 40% 39% 40% 9d7/8 98 98 V 27 Va 2 7'4 27 '4 27.%. 27% 27'/a I 2.300 110% 110% 27 110*4 32 "2 UOV4 110 110 125 V/2 125 Vs?' 125% 125% 13*4 19 Va 107 Va 33 Vi 106*4 3% 10*4 11 27*8 27 27% '-• 11 27% 28 8.000 I " 3% J 1«/. ■27% 27'4 2% 34 3*4 4 v4 20 . 3.000 f 3,000 2 Vs 2% ;li.4ou 96 90 96 96 Va 96 96*4 96*4 97 97% 97% K 1.400 20% 20 7 8 20*8 20 7 it 21 '4 22 21% 22 21% 22% 16,800 93 93 9214 92*4 41 41 '• 9 1 277V 108;% 22% 41 Va 43 66 6678 60 % 60:% 11*8 74% , 42 *41 Va 13 % 26 % 42 42 *41 Va 2% 65*4' 65 65*4 64% 60 59% 60% 58*4 12 11% llVs 12 Vs 12 178 •*176 176 178 182 >179 178 15*4 15*4 16% 16 16% 16 75% 75'4 77 76 Va 78 77% 18% 18 Va i8% 19% 1974 18 Va 18 18 17% *43 7 .. 18% 27*4 65*4 : 10618 5% 46% 66 . 67 66 145'4 145*4 i, 157V ■ 1457V 47% 1197'a *119 119% *119 15% 8% 8*4 997a: *99 Va 99% 9 9% 9 119 9 7V *.99% 9 5% 5*4 .. *247a 25 . 387V . 112 112 *112 113 'V 14 14 14% 3% 6 7a 104 44 111 *11174 a $5 447V 67/« 53 6% ■ 67/ar 114 457V : 45% . 45% *11% 10% : 14,200 Am 300 •> 5 °tt Am 21.100 V* L'- ; - -. *106 107% *106 Andes A 400 84.000 -1 1,200 V :> -83% 827V 1037a 1037a 53% 53 7a 52 35% 357a 357V 35% 75 83 75 80 30% 31 113 1127a 18*8 57 % 56 Vz 60% 116*4 *116 116% 10% 10% 777a 5*4 38% 60*4 32 32% .• *5674 61 *116 *18% • 11 117V 80% 17% 18 6 Vs 5% 67V 67 s 25 7b 26 Va 26 26% 26 Va 2,300 74% 12% 13 12% 13% 12% 13% 227a 22*a 22% 22% 13 74 14% 14 11% 17% 6 '161 Aug Jan 45 Apr 19 141'/a Oct 151% Aug 12 19% Jan 29*4 May 9 10 152% Dec . 11.500 33% Atl G 270 4% 6,700 113 Atlas Jan 33 Jun 111 Jan 7 132 115 Aug 3 577« Jan 3 No -— 4,200 11% 79% 9.800 6%" • 253.900 84 Va Jan par Jan 3 Feb 16 24% Jan $5 Aviation 65*4 July 129% Jan 146% July 6% Jan > 32 12% July 49% Jan Sep 121% Aug Jan 3% i2r% July 11 10% Aug 12 63% July Jan 115% '■>9 May 8874 Nov Nov 23 53% Jan »9%; D?c 13 3% Jan July Dec 13 ,55% Jan ;79% July 107 • 65 ( 7% Apr 5 3% Nov Dec 16 42% Jan 5474 Mar 26 29% Dec 30 24 Va Nov 3174 24 39 Dec 30 24 Jan 29% Jan 7 16 Vs Jan 23% July 111% Jnn j Nov 17 112 9% Jan 2Vs 2 3 47/8 Apr .5 10 Jan; Jan 42 par 19 28% July 20 117% May 26 14% Apr Jan 3% Feb Jan 47*4 Sep 5 3 Jan 6*4 Sep 9 46 Jan 75 7 49 Jan 84 Dec 28 30 Jan 40% Jun 6% Jan 10*4 Jun 4% Jun Jun 6% July Jan' 9 107 % Dec Jan.' % 3 119 Jan ' par -No 35% Apr 18 46% Jun 9% Feb 17 1 —_—.100 100 . < par —- 100 RR i 3 >8Jan 12Va Jan_ 4 85% Jan 3 May 19 94% July Jan 39% Oct Jan 108% Nov 17 Jan 7 106% Dec 11 66 Jan Dec 20 24% Nov 387a Nov 3 19 Jan 29 44 18% 25% Jan '•;. 3 Feb 25 15 107% Feb 18 11% Jan 3 53% Jan 52 'A A»r v 7 19 May 26 31 112 No par No par 14 Va Mar No par ——5c 66 3 Jan 29 100 20 100 —5 —50 (The)— 59 6 83% Dec 7 — 97% July 108 Va Nov 14 —.——— 15%' Jun Jan 3 24% Jan -—_—100 10% Jan 19 82 55 >: 76 Nov 44% 32% May 17 106 Apr 14% Dec 3% Jan 25 19 7 3 67%. July Jan 90 Vb July 33 May 36% Oct Jan 68 Oct Jan 28% May V Sep 113% Mar Oct 9 17*4 Dec 7 V6% Jan 13% May 57 Va Oct 2 50% Jan 57 Jun 12 52 Jan 120*4 Aug 14 113 Jan 114 62 20 Dec 13% May 84% May - Dec Jun 16 (Dec Jun 2% Jan 28% Jan 85 Va Aug 30 374 Nov 674 Apr 8 9 157a Nov 28 6 Sep 68*4 July 123 7% 22 • Jan 7 Sep Jan 53 Va Jan 59'/» Jun preferred ; 6% 103% Jan .1 Corp 45% Sep Dec 72% V 113% Nov 27 33 8% 1% 30 113 —100 -.25 par 19 Dec 3 Lines.. No 197 b Dec Jan 90 preferred series A— V 12% July 10 13% Jun 28 par. Apr Mar 116 34 12 4% Aug 30 57 Apr 16 •V 14% Dec .5 > of Del Jan Jan — Corp Jan 43% 20 Corp Nichols Co. 42 Va 12.50 No par " 20 -—-.5 Goods prior A— 158% July Jan 127% 25 Co———No Line Aug 13 v 6% July 4 44 323/4 July 14 75.-. 100 3 67% Jan ^50 preferred-; Autocar 3 6 ,_100 pref conv 10 % Jan < . Jan No par Powder Austin 26 3 25 Refining-.. Covp_ 3 19 74 SS I Atlas Tack 350 17*4 W 7 116% Apr 6% Jan par Jan 21% 75 Jan 39% Apr 91 16 July 11 152% July 6 15% Dec 20 49 > Jun 28 . 8% Jan 139 10 ,—14 -.100 22 1667a Dec 156 56% Jan Dec 31 % Jun 26% May 17 Jul 6 nai — Dry conv 5 % 10 21 17% July 17% 85 non-cum Atlantic Dec 16 .;. f Jan 12 33 preferred—No par Cork Coast & 5% 11% Mar Dec —.— Atlantic 300 "79 26% V 1,000 116% 78 5TS 12,500 *116 57b 6 83*4 103 Apr Feb 35% 5 3 47% 144% 4^-'/8 Dec ay Nov Apr May 3274 Mar 56 Illinois--—- of preferred 6% 167V f 18 11 1 no Atch Topeka & Santa Fe—_——100 5% preferred——— 100 5% Atlas 14% 15 % 2d 490 78 i% 15% • Dec Dec 36 43% July 10 165 Va Dec 29 1 preferred preferred-— 1st 1% 200 10% Jan Feb No Corp—— 6% . 62% 14% 15 10 *' 38 Va *18% Jan >: 25 29 Assoc Investment Co .——.No 57 21 8% 12% 18 -100 No Mldl'd. Constable Associated 62 116 7V j. No par ; Cable— & preferred Artloom 57 11 69% July 3 13 Glass Corp—— Co 1,000 62 *76% > 7% 57 21 1674 July Jan 36Va Jan Jan & Smelt $6 conv prior .■_ 16% 77% ' & Armour 16 77'. . Elec— preferred7. Mining 7.700 '> 12,300 113 Jan .. 9 preferred Daniels Archer 16% *18% • , Paper Co Inc— Arnold 741/, 113 lO'/s 54 30 100 Armstrong 54% 32% Aug 14 17% July 10 77% Dec 11 180 18% Sep 19% Dec 100 Corp__ & conv 1,800 37% v Oct 37 Vs Dec — Copper W P 40 537V 33 Va 16 116% *116 76 xll3 16% 61 103 3974 *72% 57 *56 *.l8r'V. 4 21 10%; 10% 20 % *76% 15% 1074 82 : - 53 74 113% 113 83 % 103 52% 79 3174 56 % • 60 82 Va 103 53% 3674 36 16% 60'4 60 116% * 10 103% 52*4 *74 113 16 1C *56 % -. 31 Vs 30% *112% 103% 83% 103 52% *74 • V 83 82% Wks 2,700 * 107%' 103% 173 Oct 48% ■> 154 7 100 Woolen:—— Hock div $5 ■ 2,300 110 106% 106% Feb 3 -.25 preferred prior 1,300 < <«4% 108 1st $5 210 *43 Jun 22 —25 - Amer Zinc Lead 500 > 44% • Oct <11% 13 •> Preferred 1.400 > *43 *106 Water American 27.2^0 112 111 44 7V 45% Jan 21 — Foundries InC— preferred $6 100 .4 12.600 115 112% Jan 6 Va 13% Feb Tobacco.——No Viscose American 200 115 115 112% 16% 26% Jan Tobacco Amer Type /5.700 *110 113 1.12 29 127/e Aug 21 13% Jan Telep & Teleg Co— > Common class B— > 6% preferred 8.900 111 114 Jan 100 Sumatra Amer American 870 ;: 115 *113 Va 114 J an 3 146 Oct 4% May wi 18% 607/a. Dec 12% Jan -25 100 Apr Nov .4 36 29 par Preferred 200 • 19 *111 Jan 66 % Dec 62% Jan 147 27 Va 125% Jan Jan >•3% Aug 10 Sugar Refining 3.900 10% 18% = American 11% 10% 19 27 3.500 114 11% Jan 20Va 31 116 % x26 15 Oct 7% 19% Jalv 20 25*8 Dec 14 1.037V 19 - 10 " 19 2 21 20 7% 10 11% 11% >1074 18% 103 Jan Dec 43.-.;. Dec 15 18 20 32 par 26 130 Feb 115% Feb Jan 53% 112 44% Jun 10 %• Jun 16% Jan. 4*4 113 108 15 V3 Feb 15 114 113 *43 Jan 7% 22% Jun 14% 67V ■ 114 45 447/V . 103 *112% 5 *11.I *106 12% 5 par 25 *53 53 *102 7a 10'V *43 15 12% July par 1,100 11% 447a 24% Dec 4 Copper Mining 18*4 •*43 29 8% Jan par Wire 10 . 14*8 Feb No Co Anchor 117a *18% Sep par ——-No Foundries Anaconda 11% 18% 82% Stove Steel Oct 17% May ' Stores———.No 6 4% 47 Nov > American 108% 13% Jan Nov preferred Anaconda *112 39% 13 Jun Feb 68 Snuff—————— 1.580 4% 7 % No par V 14 Jan American >.;'• 114 5% 16 -— 1 66,600 '. 50 Sep 9% May 15 18.50 V 4% May 66% Jan 28 Va Dec -No Co ; 14 5 \ Jan 111% Dec Razor 39*4 *112 Jan 4% 4 163 30% •■■■'. May 4 100 —.-25 100 —— .Mill— preferred 38% 4 74 70 2 Amer 63 25 Jan Apr 37% 900 1.300 8% Jun 7 3.700 ... 101 4074 23 i ; 119% Apr Jan 10 3 non-cum 4% Jan Smelting & Refg———No par 100 6% Jun 3674 14% Feb 14 Ship Building Co—, American Jun July 80 Va Jan 46 Feb Preferred 87*4 "> 26 Feb 9% Aug 10 Jan Amer 1 V Dec 25 9 conv May 53% 23 12 40 Preferred 4V2 % , >..•9 35 7% Aug 18 5 79'% Dec par Amer 63 25% M % 12 Dec 18 Apr ' Jan 2% 76% Oct ".ro7 par American Rolling . Jan 5 "V Nov.9 46 -39% Mar 31 Stand San'y—No par Rad Am Jan 46 >/8 5 Jun , 7V.i Apr preferred-.^ No preferred——No S6 n 1% ' 65 10 29'V May 67'4 Aug 18 6 30 Vs - 7; 102 10' Jan 68 Jan Nov 5% Mar 16 21 30% *25 27 ; 6*4 22 % > 6 Va Jan No 39% 10 1074 13% : 11%» *10% 5*4 17a Oct —No par 20 Vs 114 114 44% 74 108 V, 6 26 13 Mar 22 29 Jan M i4 % Aug 17 . VllVaDec Jun 1.680 63 104 V4;' .104 114% 44 74 115 4414 > 9% 9 Jun 100 39% 53 6% 104 104 . 5% 63 14 74 53 6*4 6% 109 % 6% 114 4 74 53 52% 4 10*% 109 2574 14 4% 4% 8% *99*4 9Va 4% 6 25 Apr 23 No par 39 *112 14 9'/« 100 V3 9% Jan 8 100 30%' 39 25 25 *24-% ' 1% 2% Mar f14,0C0 15% *119 119V4 Dec >. . 48 Va 87V • 63% .30 .30 38% 6 Vu 62 62 29% :. . . 62 ,. 15 74 • 100 Vs 9% 1087 a 108% ;i 6 .74 *1077a 107 47% ' 54 7s 44% Feb 15.100 145% 47% 15*4 47 -... Dec No par Co News American Seating 66% 145% 15 % 42% 1 — Safety 297V 66% 66*4 16% .46% 8% *111% 131% preferred American 66 66 16 28% Dec : 164% 164 66 6674 1457V 15*4 3!) 674 29% 30% 164 66 36 Va Dec par -No Co Amer Power 4 Light • "MM Feb Jun 14 9*8 July — Fdv Metais American ' *29% 163% 66 18% 104% 1 53% 29*4 .46% 2974 104 54 53 163% 6574 Dec Jan preferred —50 Locomotive——No par Metals Co Ltd Amer 600 18 7 V 29*4 ': Ice— preferred :iU 6% ""v''.'- 23 74 131% 13*4 97% 2——-——r*--. ' 1.400 . 2$Va 17%' 131*4 7 6 21% Sep _5G —.1 Products Home 11% May Jan 6*4 18 Aug 20% Dec 107% Dec conv 7% 230 44 22*4 163% 29% 27% % 5% / 2.700 156 18 x53% 15% 9% 53' >•' *152 28 74 *130% 46*% 38%. *52% 7 ' .i 23 131*4 : 29 3% 44 ■ Leather— & preferred.;. conv -.Bights 50 >66% 17*4 V . 62 *59: 5% American 2,280 f 1 ■■>■ 23 %> 100'b 8*4 30 >112% May 7 19 ' 119''a 8*4 '27% ■ 56% 65 ,1457V 145 % 74 131*4 6574 . 28 56% 1637V 164 74 65 15% " 44 18 - 65.7 a ...165 156 23 65 65 44 18 .5674 29% 163r,u *99 29 15 5 116% July Feb Mar 10 14 Jan <35.600 ; 41*4 40% 166 *152 ■ . 22*4 132 130 Va 20% 1637a 44 156 18 55% : *23% .46.',4 * 23% 17% * *119 *152 27% 27% 56 130 % 43*4 - '156 *23 135 15% 407V Dec 3 3,300 ' 23% -55% 145. 19 4,500 38 37 41*4 41 Va 165 VA " '44'/a a ♦153 >" 38 74 3774 7V 16474 165 ; 166 ' >4% '27*8 42 41% 41% 4074 166 38 4737 38 36 37 40% •:■ 18 V* .18 18. 18 156 v V 27% *22% Apr 3% Jan 10% Jan Nov 96 29 101% Feb 61 •? 19% 18 V8 18% *1874 • *42*4 >33 131 Vs Nov 18. 100 '40,800 78 165% *153 .-10 —1 Apr 78% & 16% 75*4 18 % 40% Jan & 1 15*8 18% 36% Jan I 39 7.900 * *164 7 13 Mach 12% :> 12 July 107 115% July 24 1 108% Feb preferred-^ Amer Internat Corp——-No American invest Co of 111— ••?: 9.100 24% 94% Dec Ampr 59*4 80 Jan 25% Anr Amer Mach 65 59 >4 Nov 18% Jun 45% 59% ' 8 6%non-cun. 180 Jan „ V £9% Dec 10 A 14,900 24 Va 30 27% July 15 42% July 14 18 Jan » 2% 91% July 185% July 10 :> 42 2%. 2% 4 26 15 Jan Nov Jan , 100 65% % 68 % Jan 4 ; ;V 2 Va 2Va 33% Apr Aug 9% May Jan 3*4 71 Va 168 14 Apr 43% July 134 15% Jan ; 131 •Jan 183% Nov 1,0% Jan conv P 4^0 27 131 26 V4 Jan 127% 9% Jan 27% 25 59 20 4 137 a 26 131 131 1 100 Inc——-No Cable & An" r'can 300 4% 18 Sep 14 July 12 95% July 13 May 12 Mar pur - 500 75 18% . 12% 26% 132 22 8 82 a—100 — American Hide >7,300 2?% Va 13 Va 22*4 27 — 47 Oct 46, 133 par 109 109 110 22 V4 19% Jun 14 12 No |. 15% 18% * *108 Nov 3 7% Jan American 8% 50 "27% 60 Va 176 178 27% *8VB 2% > 11 Va 15% *49 Vs 27% 65 7 a ■4 651'4 59 V2 11*4 49 '4 12% 12 ]/a 42 2% V 2% 4 V4 22-% *130% 132 8 49 8 7 9% 9% 10 27'4 110 25 Va 25*'8 25 *130 9% 61 26 200 8,200 •: Jan 72% Dec 2.300 72 28 22'4 12*4 Va 12 12%25% 130 72 74 *72 Dec Nov 4.400 6% 50 • 109 22% 6*4 6% '18 3a 8% 6 107 •. 69% Jan 14 1 -25 American Hawaiian SS Co 49% 69% 6974 500 27 preferred : 100 Chicle—>——_—-No par American Colortype Co -10 American Crystal Sugar 10 6 % 1st preferred-- >_> 100 Amer Distilling Co stamped 20 American Encaustic Thing 1 Amer European Secs__———No par American Export Lines Inc 1 Araer & Foreign Power. No par $7 preferred——— No par $7 2d preferred A_— No par $6 preferred-^——. -No par 3,900 *6% 77 a 7% 27% 109 22% 67a 97a *49 Va 28 Vs *108 108*4 22% *176 5*4 #47 49 69*4 72 7 9 50 *49 Vb 2*8 £> 5'4 5%; 5 Va *47 69% 72 8V4 *7*4 8% 50 *42% Va 6% > 914 8 28 12% V Sep 45% Dec Jan ) 1.300 16,500 72 *71 27% 25% 92% 41% '"7 7 67 a *48% 130 92% 41% 34 23 ■ 9 74 *7% >' 47 Va 69 1 1-1 7% .9% *46 69 Va 687 a 72 *77, 46 Va *45" 1-1V •.';7Va 41*4 5% •'•'•'5. 5% 5 Va 70 6o74 fl'iV 93 41*4 *91 Va : 42 V , 2'4 ' 46 *45 41 .... 2'4 ' 93 *91 Va , 41 VV 40 5 74 Va 5 ' 2 Vo 2V4 2V« 2% 2 Va Jan Jan .— ?. i % 23 60 ._ .. \, 107% 33% %■ ' 1,800 Jun 14 par 5% 2.400 Oct % 317a Jan 23IV July 37% Jan 2% July 31% 86 May 17 7 126% Apr > in Jan Dec par Fdy__——No Jan 1 Sep Jan 25 — preferred % : . in m X67 Apr American. 450 '; T 19 Va 6 13 16 100 & non-cum Chain Am 120 ■ 14% 18% 107% 37-a; .11 11 % : ' ' '14 34*4 :/> 3% • V > 106*4 33 3*4 3*4 27*a 27*4 19'4 :• 126 *125 14% 18% 11',4 3*a *11 11*4 -13% 106 VV 33 % 327V 8 19 >4 32'2 107 106 % 3r'« * 13 7 19 13% ' 33% 3% 110 126 1%. 4% Dec 40 _1 Preferred ■'■I. 1.000 • 23*4 110% July 17 10 No Jan ifii'i 5 . Sep Dec 43 7V July 6 42% Nov 4 16% 97 Jan 5 24 Va Dec Mar 29 26 July 118 </ ..:. Jan 26'/a 13% 5 73*4 17% 7 12 par *. American. Car 7.100 9B 24 19 19 Jan 2 82 , Co_ Can July Jan > 6% 50 (new)- Radio Corp & Highest 8 per share share per 20 40% July 103 28% Jan par preferred Caote American 40 , 40% 137a 107 184 41 99 >18*4 * 183% 184 40 Va 99 •27 13 7« Amer 34,500 93 99 7V 125 '/a 19'a 134% *132% 12*4 93 40 *110 128 134 Va *132% 11% 91% - 19Va 27% 134 *132 , Apr 17% Apr .: „1 Corp_ Brake Shoe 5.% % 105 • - No Corp — Bosch American Am < par. 100 No par wote_: preferred 3.700 47 99% *13% 11 % 17'4 46 184 '397 s 27 *ioo 17 V8 46% 11*4 *182 110*4 *126 6% 2,000 17'/a 46 90 '4 99'* 27 73% 17'4 46*4 3 Cliemical_JVo Airlines American dauti 6.000 $ share per 22% Dec 27 33 Va Apr No Petroleum American 180 17Va ll^b :•'«■ 40 *uo 75 74 17% "8958 184 Vs 22% 46 134 ■"132 11% 90 99 8.500 22 14% Jan 96% Jan Mfg Agricultural Amer 1.300 46*4 22 74% 29% 17% *45 7a 131 11 % • - 29 Va 45% — preferred—> — 6%conv Amerada 2,800 29'4 21% 75 114*4' 113 Va - No par 100 Corp preferred—— conv $ share per - Amalgam Leather Co Inc 300 46%' 29 •45*4 2114 21 -" '*74 ■ 115 4% t Par Alpha Portland. Cem__„ 2.000 44 > Lowest Highest Lowest /;• preferred Allis-Chalmers 600 ■> 1.700 4% .. > , r 90 39 Ms 75 Va 4 r■••■*42 5% <9.100 . 23*4 48 17% 45*4" . 28 V 46 1 "73 2 17% 454 "132 7V 113 >• 40*4 23% Stores Allied 200 114 114 44 V . Year 1943 ■ V- 4.:';';. V A ;, 7 ■'••>., : 6,200 21% 102 >97/8 4Va *4 *42 112 107 Va 20*4 44% 23 Vs 44 4 4*'a 28 2814 .28 397'a 1147/e 4'/a 43*4 107 7a 107% 38*4 114?8 ■V 23% 23*4 *4 4 % 21'/a *101 Va 102 EXCHANGE Shares $ per share 22 Va 'lOl'/a 114 23% 43 Va "42 2 109'a 109 •' 4 374 374 21 Va 102 39% 38Va 113 % 3874 3874 114 22 Va *100*4 101 Va $ per share per share 22 22 21 *'4 102 2174 102 $ share $ per share Range for Previous V STOCK NEW/YORK the Week Jan. 5 Jan. 4 for Sales Friday Thursday Wednesday Jan. 2 Jan. 1 Dec. 30 f Tuesday ■ %>>: STOCKS SALE PRICES LOW AND HIGH Monday Saturday Monday, January 8, 1945 CHRONICLE TIJE COMMERCIAL & FINANCIAL 114 9*4 Aug B 26 2674 12 7 a 13% . 22% 22% "•22'.a 14 : 14 '•f 13 68>4 31% 177 a 177'a 30% 7 14 70 *69 68 % 31 : Va 17% 70 23 Va 23 23*4 30.100 14'% 14*4 14% 3.900 71 *70% 70*4 7.900 Barber 30% 3174 17'% *17% .17*4 800 *5074 51% 50% 5074 200 17 Va 17% 17% 17% 17% 23.600 19% Works'v t Ohio— Aroostook 5% preferred 16*8 19% .19% 19 Vs 19*8 34% 34% 33 % 34 37 37 37 107% *107 14*8 14 . % 108% 147s •19% 34 *36*4 *107 14*8 *37 page 123. 38 *37 "117 38 119 120 118 20 30 20'4 12,900 34 34% 34% 34 34% 3.400 37% 37*4 37% 37*4 37*4 500 20 Va 108 14% 37*4 118 - 108 13*4 *37% *115 108 14% 38 120 *108 13% *37% *115 110 14% 40 38% 120 5% % preferred-Barnsdall Oil Co__; Bath Iron Bayuk Works 100 Creek Jan 13% Dec 26 374 Jan 10 Apr 6 Jan Apr 3 23 1474 9% Jan 2374 Dec 3 14% Dec 14 Jan 12% 9% Jan 5% 14 34% Jan Dec 4 68 % Dec 63 Va Jan 3374 Dec 16 July 25 Feb 28 % 21% Apr 12 60 • 5 12 Jan 4 18 July 43 Jan 24 53 Aug 21 1474 Sep 13 ,5 Corp__ 29 18 5 9 25% Feb 15 34% Nov Jan 11 38 No par 105% Jun 7% Jun 24 8 111 1 Jan 11 38 111% Jun 12 121 No par 25 - -50 RR Beech-^Iut Packing Co.-.- 18% Mar 17 1974 Dec 14% Aug 1 Corp_. $4.25' preferred—— Aircraft 10% 3 No par Creamery— Beech 15 Dec 24 2674 Dec 20% Apr 5% Jan 18 --———50 Inc——— Cigars Beatrice. 50 —-100 ——10 Barker Brothers——: Beech 20,500 - Asphalt Corp • 17 Va 13 100 100 c L & Bangor Conv 3074 & preferred 4% 80 17% 17 For footnotes see Baltimore 30% 51% *?7 89,200 17% 16*8 *116 13% 51 Va 51% 1474 13 Va • 31 % 16*4 : Baldwin Loco 17% 51% i *36% 13.800 30% *51% • 70% 26 Va 30% 17% 51 VB *107 70 25*4 .... v 3.1 31• Dec Oct 11 29 Dec 5 Nov 6 14% Dec Apr Jan 1574 Jan 47 12% Jan 19 % 13% Jan 20*4' Mar 5% 30 23 Vb Jan *29 Sep Sep July May 33% July 24% Jan 105% Dec 7% Nov 14% 25% Jan 33% July 93 Jan X110 114 Sep Sep Aug Number 4349 Volume >161 FINANCIAL CHRONICLE THE COMMERCIAL & • RECORD NEW YORK STOCK Tuesday t per f per share ::Z 7 Jan. '2 Jan. 1 Dec. 30 v t per snare •-/: v share " •* STOCKS SALE PRICES X. Wednesday AND HIGH LOW Monday Saturday ' ■ Jan. 4 Jan. 3 ' t per share ;.v l per snare 12% 12 12'A 12'A 12% 12% 12% 12%' 14% 14% 15% 15% 15% 15 15% 15% 16 Va 48% 48 48- 48'A 48% 48% 48% 48 48% 20 20 20 Va f 20% 47% 19% 20 *55'A 56 20 - 38'A 38 Va 18 38 % 66 -- 127 X:r 48% v 23'A :v 23 14% 21 *20 Va 19Va *19'A 19% *106 15 21% *19% 109 % •'; "• 14 18% 19 18% 49Va 49%- 50% 50% 50'A 96 96 96 96 96 55 63% 53% 53 53 *53% 18% 45 *112% 115% 114 114 33% 33 % 33 Vb >,39 Va 38% 6 6V4 *43 Va 51 11 39'A 40% • v, 11 *50 51% 21 Va 21 / 11% 41'A 52 *50 21% 21% - V 25 13% 52 < 13% *123 Va 125 10% 10% 10'A • *22'A 19% 19% 19% 49% 40 40 39% 113 *110% • V -10% 10% 10% 22% 23 23 * 20 'A 20% 20 49 Va 49% 20 20% 49%. 4 l'A *107% 9'A 9% - *107% 9% ' •' Bruns-Balke-Collender 49 Va "1,600 100 14'A ''9 - 81 81 *82 70'A 72'A 71 V4 71% 70 71% 15 15% 14 Va 15 14% 15 14% 15 14% 15 *30% 31 30% :> / *30% X 31 31 31 ; 3% 3% 16 Va 16% 95 95% 3% 3% 3% 16'A 17'A 16'A 16% 94% 95 % 94% 96 95% 96 22 23 23 23% 23 23% 23% 24 *27 27'% 27% 2734 27% 27% 28 28'% *54% 56 55% 55% 1% 1% 3% 16% ; 3% 94 94 ; 23 23 27% 27% 56 16 V2 I • "■ %K: • • JuTV 29 38% Jan 51 Ju'/f 48 Sep 21 17 Jan 35 Dee 117 Oct 6 7 22'% Jan 30 Oo» 41% July 17 7'A July 3 26% Jan 39 July 2% Jan 6Va 34% Dec . Apr Jan 38 % Dec Nov 14% Nov Jan 45 Nov 22'/4 July 49 % Dec 25% Dec 30 14 Dec 16 6% Jan 10'A May 129 Dec 6 104'% Jan 118% July 8 3 Jan 9% May 8 43 Nov 54'A Aug Nov 10'/a Apr 8.'/a Jan 116 0 Jan 3 6 5% Jan 4 47'% Jan . - Oct Oct 3 31 12% July 8% Nov 5 30'/a Jan 44 37% Jan 44% May 1 9'% Jan 18'A 7 29% Jan 13 Jan 42'A July 20'A July 7 53'% Oct 23 12% July 77% Dec ' 14'A Jan 18 Va July 16 Nov 29'A Apr 13 .16% Sep 19 9 49% Dec 247% Jan 3 5'A July 29 20'% Jan 31'/a May 109'A Oct Jan 15% Jun 105 111% Dec 21 15% Jun 30 9% 9% Dec 30 2% Jan Jan 3 Jan 6 43% Apr 25 8% Jan 4 28 Feb 8 2% Apr 25 12 V2 Apr 18 '67'% Jan 3 20 Apr 18 4 54 ( 30 40% Dec May 12 27% Jan 25 107 Apr 17 ! 1214 Jan 3 100 Jun 6% 20% Dec 31 1 July 11% Jun 29 22'% Dec —.-No par Jun Jan 33 July 4 Jan Apr 20% 50 3 < 12% 44% Aug 23 7'/4 Apr 19 . 31% *31 31 3% 16% 3% 3% 16% 96'A 13 V4 f . Terminal———-————1 24,300 6% preferred 100 80 Bush Term Bldg 1% preferred—100 -•>:•. 730 Butler Bros 10 9.800 5% crmv preferred— 30 V 500 Butte Copper & Zinc—— 5 14.400 Byers Co (A M) — No par 9.200 Participating preferred 100 600 No par 4.400 AByron Jacason Co 82'A 72 9ft V» M» 7 20 Bush 9 Va < 81 69% 2l'A Mar Jan Nov 39% Jan 1G 17'A Jan 4 Adding Mach-—-No par Burroughs 7,400 : , 41'% 85 8 28% par Burlington Mills Corp 5lo preferred —- July 11% Nov 45 17 Watch Bulova Jun 100 53 — Bullard Co j 19 Jan 21% Aug 25 1 ——-No par Co- Forge 2,100 110 Va Xr.: No - .9,100 ?• 43'A 14'A ■• Buffalo 700 20'A Wheel Budd July Jan 9'% .76 Feb / Jan 4 Jan 28 Jan 14 40% Jan 4 14% Jan 13 100 Mfg—_———-No par —No par (E G) 19 % / 13% Jan Dec 7 40% 8% 27 39 ■ preferred $5 980 ;,// 8,700 10'% >23 'A ./:' 43 X-/ Budd 76% XXX; 80 83 12,800 ' 80 *82 7% • 69% . 40 125 Jun 3 1 t 5 Co_».——— preferred—. 19% Mar 11 Va 40 12% Jan —No par .—No pur Bucyrus-Erie 110% 9% 9% Brown Shoe Co— 3.800 Jan Jan 37?% Jan : —5 '.=; No par — 4,700 66% 80 e-5 Brooklyn Union Gas— • " 14'A Co Bristol-Myers v 24 Va 49'A V 110 14 Ve >•/ - ; 42Va 42 Va 42% 113 ■;.»/, 14% 14 14% ; 45% 75% 10% v 15,200 >10%; 710% 22'A 4 9'A v 100 7,200 . ,13% - 103a 41'A 9% 9% 9'A 125 76% :\ . -2.50 Brewing Corp. of America «15 Bridgeport Brass Co———No par Briggs Manufacturing——~No par Briggs & Strattoh—^^,No par 1,600 /; / 13% ■ 10%v , Corp_—— 5 (assented) _100 Jun Apr 121% July 55 Va Sep 46% Jan 4 33% Jan 26 109% May 8 28% Jan '3 34'% Jan 3 ; 3% Jan 3 100 -——— V Bower Roller Bearing Co— Braniff Airways Inc— ' v . , 22% 0 / 125 ■ 41% 24% : > 76 113 13% 14% 14 13% *123 Va 125 -———» 12 13 Dec , :• Jan 6% 27 98 Maine RR & Boston 5 Jan 17 69'A Jan Nov 16 ' 19 52% Jun (The) —,——„i——^lb • Co Borg-Warner •; 9.300 V: 52% 25% ' 13% a > • *44 24% " - •11% •% 22% V. *51 46% *44% /'■■ / -.50 . 41 %s 22%. X22% 10% 49% *110% 12,900 39% 52- ' *47 V ;>11'A •>:" 42 10% 19% 49% 400 I: -5 • . 76'A 22 'A 49% 2,400 3,500 •*..■ 22% 10% 10 10% 22'A 4.800 . , Inc preferred Borden : 6Va' ■> i; . > 103/a 75V4 *22 "4 \ ... Stores Bond j 4%% f' 39 44% •: - 75% 10% 74% 300 B Class 12% Jun July 27% 5 30 9 45 - Jan 26 38 Jan 54 19% Nov 88'% Apr 18 i^ep Nov 110% Oct**" 7 —5 class A Co Ami 400 19% •*•20% 39% 25% 13% 74% 70 •; . ft.34% •'/• 44% > *11% U *44 25 13% 74 45 :>«34% v • 11 Va 39% 41% • 46 46 25 10% ; ■ . Bon Apr 17% 57 8'% ; 18 " 109 11% July 20 % Mar 39% 22% 66% July 11 Dec Dec Nov 54% Feb . 20'A July 15 No par No par 1 Bobn 30 114 ' :• V v 38% < rv 6% • 20% *47-; f50 • 22% *44 *123'A : 54'A 114 -V 41% 13% 125 4,000 11 24 130 I per eh* re ; 33 Nov 13% Mar 41% Oct 21 93'% Mar 14 —5 Boeing Airplane Co Aluminum & Brass—> 48.000 50'A *43'/a / 7 < > 39% 25% *123% 20'A 54% 44% 19% Vll% 39'A 13% 46 19% 20Vs Dec 56'% Jan ' *44 50% *47 •V:: v 24% *44 - 9% 9Va 4 115% Feb . 2 51'% Oct 37% Feb 24 25'% Aug 16% Jan 3 15Dec 3a 16 4__ ,-.22 % Dec 20-A.Dec 14'A Mar 14 , 100 preferred Blumenthal & Co 49-% Dec Highest < per share 13 July 6 15% Jan 11 Jan 3 Apr 25 > Jan 13 / Jan 4 15% Jan 20 56'AJan 4 Bloomingdale Brothers———No par 30 50 •6% 6% 6 %<.:-• 109'A . 230 *94'A- .96 39% < 300 19% *107Va "X >y- 21% 19 % '' 41%., 52 ■ A, *50 21 "£ , 10% 10% 33'% 17 '33% Jap 28 • 1% preferred—— 100 Blgeiow-Sanf CarU"fnc»».-—No pat Black & Decker Mfg Co^-aNo. par Blaw-Knox Co-^.—--*IVo Bliss «fe Laughlln Inc <.» —5 . 4 I per share 53% Nov 30 Best • ■, 600 • Co & Foods .-1 Belhlehera. Steel (Del)——JVo par * 800 X'i >. 49 7,* 20% v. 34 'A 34 19% 39 41 45 39 44% 50% 10% 38% x 41% V *47 . 10% 38%- 14.000 114 ... a 44'. 19-% 719% V 54 45 39 • 14 Va ".'•14% 19% 114 A ■>N!t 19% /•V 44 *43 20'A *48 6% 6'A *6 'A 44 19% 33% •1.80C 96%" 53% 34 38% xVV'f 38% 33% 39 ,'?V 114 V 50% 50% *65 45% 45% 45 45 *112Va . •23% \ 19% 109% ' *44 127% 23% : . 42.300 -- ■ 8 Year 1948 Lowest Highest t per share .,, pfd $2.50 dlv series Pr Best 4.900" X .•••• 21% 18% 19 18 49% *95 2.10,0^ 18% 69% ••"127% > 49 :\ 14% Va ' A • Par Loan———No par r '38JVo par , »—■ —No par . Indus ueueiicmi 1,400 •> 17% 23%' '23% 109 "2 *106 49 49 1. 68% ^ 127% *21 19%. *19'A 109% . '> 14% 21 19% 109 % >127 'A 49 23% 21 '■' 14% 14% 21 *106 127 % 49 23 % ' ;—-39- - ^9 68% >. 56% a/,/ Year 1944 Range for Lowest /• j . Aviation—. Bendix 5.600 , Range for Previous -,AV ■ ./, X,,/;,; Beli 37.300 V •20 20 *55% 18%—18% - 68% 127'A . '■''■■>■ 49 23 14 'A 39 18 Va *%«% /X' 66 . 56% 39% *55 % 39% ,.39 18% 127 50 ►- 23 'A 56'A *55'A 65 Va X X .65 127% *48 Va /" 38'A 18 lSVa 65 % 127% 20 ; *55"- -56% / ; : . Belding-Heminway ———No par Airmail Corp-.. 4 xA 1.500 ,i 12% 11% 14% EXCHANGE ^ ■; viv•„/_ Shares per share 9 ;; ' the Week Jan. 5 ■ NEW YORK STOCK for Sales .Friday Thursday Jun 6% May 4 41 Jan 75 70'% Dec 9 21% Jan 49 15% Dec 12 5'A Jan 10% July 31% Nov 3 20% Jan 29 '/a Nov Jan 5% Apr 83 Dec May Oct 8 19 2"% 17% Dec 9'/a Jan 18'A July 96 Dec 16 65'% Nov 83'/a 25 Sep 1 16 Jan 25 '/a May 3% July Apr li|A •>5478 1% 8 >/ 1% 1% 1% 7% 7% 20% 20% 20% 34 Vis 35% 34 *45% 47 *45 11 Vis 33 *54% 21% 62 A A A 33 Va 333/4 5% 36% 113/4 *48% 11% 11% 54% £4 '/a 54 y2 *116% 33 62 7./: 36% 34% 2254 22% 23 Va 62 3% 63 5% 5% 5% 5% 53/4 36 3/4 37'% 36'A 37'A 37 38 y8 37% - 38% 105% 127% 127% *105% 223% *62 49 • 37% 105% 14% 14% 14% % *127 128 50% 1.100 A- 38'% •38% 105% 105% 105'A *127% 127% 14% 14% 15% 19% />X19% 19'% 18% 19 »A 21% 20% 20% 20% 21 Va 4% 4% 4% 4'% 4% *111% 111% *111% 111% 111% 111% 12 11% 12 28% 12'% *12 *12 7 •a: 7% 129% 129% 22% 22% *22% 29% *28 Vis 29% 28 *12 34 34 s. 7 12% 27% 12% V: 33% 33% 33% 129 « 12 28% > 21** - 7% 7% 28'% 29% 114 114 *111% 'A 12% 41 *40 41 41 41 14% *14% 49% 50% 50 % 29 16% 16% 22% ' 41 £) 41'/a 14'% A 51% 51% 51% IV* 7% 7'% 16% \£r- A'A 200 52% 16,500 7% . C'a 7% 7 6,200 6% 7 % 6% 7'a 6% 7 Vs 24% 24% 24% 24% 25 % 25 Va 253i 25% 25% 25 % 25% 25% 27 Vis 28 28% 2 8'/a 28% 27% 28'% 16,100 56% 56 % 56% *20% 20% 21 20% 20% 19% 57% 58% 58 58% 58% 21 21 21 21 21% 20 3/4 20%. 20 % 21 21 2134 21'% 4"^' 49 57'% =— 49 V'u *48 54 *53%' 54 *15 15% v ' :f -*14% 15% 16 16% *16% 217% 16% 3,600 -K 49'% *49 49% 49% 54 54 54 54 15'% 15% 16 16 15% .153/4 16% 16 16% 16% *53 "4 v 10,600 213% : *16'/4 50 *47 *53% , ft . 11,100 200 v 130 54 300 A. 1.70U 16% 4% 4% 4% 29% 31 31 31% 31% 31% 31 31% * 97 94 94'a 9 4'/a 95% 94% 95% 9434 95% 20% 20% 21 21% 2l'A a 31% 321/4 -A' 31 4% 4% 20% 20% 20% 20% 31'a *30% 31 31 31 98 98'% 98% 99 99'% 99% *98 99'% 10 "a 10'/a 10 Va 10 10'/a X 49% 50 50% 49% 50 / • 10Va io% 10'a 10 *48 50 49 49% 49% *165 175 *155 175 *170 175 *160 175 *88 94 *89 94 "90 94 *90 94 110 110 *9% • 109% *107% 109 109% 110 45 *44 45 *44 *107% 44% 109 *107'% *93 Vis 95 *93% 95 *53 Vb 56% *53 % 56% 34'% 34 % 34 37% 37% *37% *150 136 137 137'% 62'% 62% 62% 139'% 63 : 109% 44% 45 109 *108 95 *94 95 *94 *53 Va 56'% *53% 35 140 % 63 35% .56'% * 35% *62'% 63 % "34 " 33% 33% 33% 106% 106'% 106 % 107% 10734 *106% 34% 34% 34% 34% 34% 34% 34% 118 *115 118 33% *115 . "20 A 3.800 118 . 34 25% 29 % 28 28% 29% 28% 28% 25% 28% 28% 26 25% 35% A 26% 35% 35'% 35% 35 35 35 35 For footnotes see page 123. " 25% 25% *115 25% 24% 24.% 28% 30 30 30% ?4% 30% 28% 31 31% 32% 31% 25% 3534 *35% 27% 36 35% 29 27'% 35% *35% t .. 29 Cluett Peabody & Co. Class 60 63'A Co Coca-Cola 900 (The) 34'A .35 118 V 3,900 30 1.600 24 % 10 32 10,000 2,700 . Colgate-Palmolive-Peet $4.25 5% conv par Colo Fuel Colorado & & Iron 4.490 4% non-cum 29 Va 1.020 4% non-cuin 35% 35% 35% 1.900 3544 35% 35% ■> 400 1st par Class B - Jan 40 Jan 97/» Apr 46'A Jul$ Dec 15 x85 Jan 97% 33'/a Dec 29 Jan 31'A Mas 119 22% Dec 15 17 Dec 2 Dec 5% Oct 25% 65 3% Jan Mar 16 32 ya Dec 152'A Dec 29 127% Jan 39 Dec 106 Nov 40 July 10 40'% Jan 24 54 26% Jan 5% Apr 39% Deo 147 Dec 54% July 40% Jun 22 06% 129'% Nov 2 Feb 120% 15% Jun 27 8% Jan 14% 5 July 11 16% Nov 21 16% Jan 1% Jan 19'% July 23 4% July 114 Sep 5 97%, Jan 15 23% Aug 3 Jan 18% 13 Jan 25 12'% Dec 28 3 Jan *33 Jan 3 Jan 7% 37 % Jan Jun 3% Mar 111 1 Mar 20 15 28% Nov Sep Apr July Jun Deo 8% 41 Nov Apr 31% Dec 8 Jun Jan 3 Jan 24 Jan 4 114% July 13 09% Jan 109 Dec Jan 4 Feb 18 Apr 19 Sep 14 46% July 10 14% Dec 26 8% Jan 34 July 16 33% 50 July 9 Va Mar 25 2% Jan 9% May '3 18% Mar 25 7% Jan 17'/a May 4'% 18 21'% 43'% Jan 3 Jan 4 Sep 14 21% Dec 38% Jan 47 Jan 13 ; Jan 7 6 4 14% May 1% Jan 4 3 29 7 5 16 ft 12 17 7 3 6 20 Mar 27 Jun 16 Jan Jan 7'A May 21% Jun 8 15 Jan 16% :22 Dec 21% July 12 15% Jan 49'% Nov 10 36% Nov 41% May Nov 9 48 Dec 54 11% Jan 15% Apr 13% Jan 18 Jun 57 19% July 10 17'% Jun 23 6% Oct 30 July 98% Jun 25 Va July 31% Dec 1 25 Dec Apr May 3% May •32'/a 5 19 24% Jan 67% Jan 85% July 3 10V» Jan 15% Aug Apr 12 96% Oct 26 10% Jan 2% 10 51 16 Dec 32 Va Jun 90 Jun 5 115% Jan 3 Mar 67 22 185 Jan Nov 123 Feb 8% Jun 39 % July 145 Dec 74% Jun 109% Jan % Jun 19 28% Jan 116% Aug 42% Dec Jan 12 101 Va Jan 108% Dec Aug 11 84 Jan 92% 53% Oct 17 60 Feb 54 Sep Sep 33% Nov 48% Mar 45 109 66 = 38'% Mar 15 40 May 153 Sep 88 Jan 123 July 61 Dec 68'A Oct 16% Jan 25 Dec 33'A July 11 146% July 11 67% Jun Jan 142 391% July 12 152 » 1 July —— 6 100 12% Jan Jan 26'A Jan 1 Va 65'% July 13 15% Feb 24 16'% Jan 3 13 2 Jan" 10% 7% Mar 22 25% Mar 22 Apr 25 100 2.50 50% Dec 18 30% Nov 28 : 2.50 Jan 4'% 20 Oct 23% Jan —No par i 36 Va 54'% Dec Apr July 103% 25% 109% 14% 100 cl A '• Dec Mar 19% „ 2nd preferred—100 Columbia Br'd Sys Inc 51'% July 14 11'% Dec 16 11% Mas 47% Juls 16% Nov Feb 18 ill Feb 26 59% July 17 —No par No par Southern-. .32% 38 Feb 16 preferred Corp Jan 6% Dec 145 —No par 1 29% 23 52'% Mar 22 30% May 3 341% Apr 20 —50 No par —No par 100 —No par preferred 18 12% July 12 47'% Dec Apr Apr 72 Va 15 Mar 2 Apr 25 Feb 29 Apr 19 11% Jan 3 preferred— Collins & Aikman 27'A Jan gtd " Coca-Cola International Corp No par 107% 19% Jan 32% 106 92 No Nov 13 7% 21 100 50 A_ X13% Nov —1 stock Molybdenum Preferred " 24% 25% Special gtd 4% Climax 6,200 1% 21% July 10 35'A Dec 30 Mar Jun (The) r 100 - Clev & Pitts RR CO ■1 36'% preferred— Clev Graph Bronze Co 5<& preferred— : *1050 *106'% *115 t 138 *1050~ 34 .35% 137 33% 116 116 200 5% Clev El Ilium $4.50 pfd——-No 240 V / 152 34% 34% i ' 139'% 62'% " *150 152 139% 63 35% 37 36 Vis *150 140% *1050 ; preferred— Stores — —i 5 Clark Equipment— —No par C. C. O. &'St. Louis Ry. COJ——100 v'A ' No par No par 100 Investing Co new— City 900 • • 5'%% 9V» 9 May Feb Jan Nov Nov 6% Jan 35% Feb 148 Jan 76 Jan 110 Nov 37% Apr Corp Ice & Fuel— Dec 134 24 77% 14% 25% 95 23 5 Copper Co nty City >:'' 1,000 56'% ...*53% 35% 35'A 37% 152 Chile 109 93 % 37 44% 44% "44% '107% 93'% *150 110 110 109% . . No par ; 6'% 19 1 11% Jan 50 Chrysler 1,700 270 91 *90 106'/2 33% *106 . 37% ' *1050 *1050 34% 152 *150 152 1 ' 110 109 175 11160 A par preferred .wi 100 Chicago Mail Order Co— .—8 Chicago Pneumat Tool——No par ' / $3 conv preferred-——--No par Pr pf ($2.50) cum div ,tfo par : Chicago Yellow Cab—No par %: Chickasha Cotton Oil 10 Co 27 13 31 22 19 15 1% Mar 13 4 27 27% 11 44 5% 5% tChilds 24 9 2 3 3 56 Jan 23 5% preferred — ,—50 Chicago 61 Northwest'n w i—No par A/- 12 12 30'/a July Jun % 108 .——-40 — Chicago Great West RR Co . c 1,300 20% 96% 111 RR Co—No A Class 430 31 31 95% 4% —No par - 96% Jun 113 Jan 11 Jan 17 Jan 19 Nov / 2% Jan 107 Jan 8% Apr 20% Apr 7'A Jan 30'% Feb 4% Apr 57 May 19 Jan 52% 28 17% Apr 13 1 100 Products— Chic & East .13,800 4% „ J Champion Pap & Fib Co—No par 6% preferred 100 ^ Checker Cab Mfg ——5 Chesapeake Corp of Va.— 5 Chesapeake & Ohio Ry— 25 4,000 47% 4% 4% 29% 95% *29 ; — Mills——.—No par Chain Belt Co 36,200 58% 7 7 par Jersey——L-100 Sugar Co 6% prior preferred 10.900 24%» 100' de Pasco Copper——No par Certain-teed . v 12,800 17% 17'% 17% 16 % 16% 400 41% aA .14'% 7% 16% .60 . 14'% 14'% 7 - r 800 ,1,000 115 41% 51''a A > •v A1 720 29'% *114% JCent RR of New / Central Violeta Cerro 16,300 pat par preferred 20 Central Aguirre Assoc No par / Central Foundry Co -1 v Central 111 Lt 4%% preferred—100 Century Ribbon r par 5% 1,200 . 7% "A 29'% 114 50% IV? lo % 22% 22% >>'29 6 129'% va; / 22% > 6,300 ■ 33% 7'% t j 11.100 < 3,400 •12'% 129 % 14% 50 V* 6% 7 6% 'X> 129% *14% 14'% *14% ■ 7% 7 120 13% 28 33% 34 33'% 9.400 111% 12% - 1.280 3.600 ,;:; 5 12'% 27% 129 Va 15.700 20% r;2l 111% •A 110 4 6 18% Oct 27 56'% Nov 9 4 100 No CSlanese Corp of Amer—No $4.75 1st preferred No 1% 2d preferred—— Celotex Corp* — —No 4 Jan 33 Apr 143'% July 44'A Jan 31% Apr 10 _50 1 25 Co Jan 27'% Jun 97 5 ; Preferred 1.000 ' / 15% • >4% 111% 12»/a a; 18% t- 19 A A' •A."' 12'/a 13 A 27% •'■27% 114 40% 15 114 29'/* 114 X;i A 4% 22% 114 19'A 21 4% 3 29% *22% 22% 18% .,34% 7'/a A 38% 20% •• A 12 % 129% ■ 129% 6.600 105% 127% 38 4 6% Feb 10 43% Jan 4 10 100 Caterpillar Tractor 3.200 513% A -*• 50'% *127'% 38% 4% a 50% 50 I) (J Case 50 105% 10 % 11% X 4.400 154 127 Va 20% 2 8', , 500 63 *152% 153 153 11.300 22% r :lf. 42% Apr v 22'% 24 7% Dec 3 4 A—1 ;— Carpenter-Steel Co Carrier Corp 4%% preferred Carriers & General Corp - . 106 127 14% 14% ft • X 1.300 A 34 34 730 8% Jan par No — Capital Administration class $3 preferred A_, Carolina Clinch & Ohio Ry 150 ft 117% 117%-^ Mills Cannon . 2,300 y 5 Nov l'A Jun 57 4 9 3 8 7 100 25 Co— Pacific Ry Canadian ' 55 *54% 34 % 152% 152 100 ,:A' 11'% ' 62'% *5% 49% 38 49 49 105% 114 $ ■" ' 48 % >. V' T1 '• 117% 117 34 22'% V 22% 154 *152% 117 • 50 *48% a Ry Southern Canada 80 29.600 12'% .■'••■'cll% 12 50/ No par 5 Campbell W & C Fdy Canada Dry Ginger Ale 8.600 47 47 47 11% 5% 36% X./'X 47 11% 36'% *5% 36% 154 34 3/8 %%54% A 62 5% *151% 33% 47 50 A 32% 21% 63 21% *61 % 117 32% 34»% %Jan 6 May 15'A Jan 23'A Feb 33% Jan 1 5 Hecla Cons Copper Calumet & 3,500 A 50 Zinc-Lead 30% July 24% Jan 3 53% Feb 24 par preferred 5% Callahan ■ No Packing California V 40.800 7% 21'% 11 Va >X 54% 116% 734 20% 8 11% 11% 33 > 20'% *48% 48'% 117% *117 7% 20'% 34 y4 11% 48% 55 *54% 8% 20% *45% *10% 50 11 67.000 7% 47 11% 11% 11% *48 % l'A 20 1% 20 Va 34% ■ 1% 1 % " -■ 2.000 55i% *54% 55 *54% . 20% 7'A >■ ' .25% Jan 4 4 4 4 33% Dec~28 108% Jun X103% Sep 1 116 Dec 30 26% Dec 23 Dec 17 Va 7 038 Jan 108 13% Jan 109 % July 28% July 114% Oct Nov 19% July 19 Sep 29 2'A Jan Dee 29 3% Jan 27% Dec 29 3 Jan 17% Sep i' Sep 12 15% Jan 26% Dec 35% Dec 27 15% Jan 26 Va Dec 35'% Dec 29'% Dec 30 , 19% A/ / .■ , '•»»''# viuSrfvKt f, 1 L.UMIUWM /jJtvWutf'rti'hWwi-'.Wtf ^V..v «V' RECORD NEW YORK STOCK $ per snare jr 4% ' *87 95 28 % 48 39 Mi 39% *106 Ma 107% 43 % 42 Ma 16% 16'A % tt 29% ^ 22 Ma 48 39% 39 Mi 16 f ti 95% % 21% 49 *47% 'JQ 42% 16'A 15% 95 % 22 48 *106% 4 3 Ma 42% 96 22 88 87 96 ■ 96 2 1Mb 96% *95 V 107 Ma 42% 17 16% 28% 29. -- m 16,000 17 16% ' - 3/4 U % 93 Ma 933/4 933/4 28 Ma 293/a 29 Ma 293/a 23 29 Mi 23 Mi 24 33% 23'A 233/4 29 % 29 29 % 29 Ma 29 Ma 29 29 29 Ma 6,300 29% 29% 29 Ma 293/4 30 30 Ma 30 Mi 307/u *107% *5% 5f/a 12 31% ' 12 Ma • 'MM 317/a 20'A 20 203/4 20 Ma 21% 20% 21% 25 Ma 26 23 Ma 22 22 Ma 53% 0 *52% 8% 8% 8% 111% 37% 10% 11% A •••'46% 46% 11 29 Ma r 3.000 8% ^ 15,700 *110 Ma • 8% *110 Ma 38 Ma 39 Mi 11% 11 Ma 46 463/4 32 Mi 32% 32 Mi ' 30 30 Ma >31 AM 30 Ma 30 Ma ' 163/4 16 3/4 17 Ma 17 Mi 175/s : 48 Ma 48 Ma 48 Ma 48 Ma 50 12% 133/a 13 *49 20 20% Mi 55% 56 55 Ma 58-% 58 Ma 21 56 58% 59 Ma 184% 183 6% 6 6% 3% 26 Mi 109% AV 3% 26% 183 3% 109% A 6 Ma 3% 3 Ma 109% •109 Ma *24% 32 32% 32% 38 *37 38 38 38 *47 48% *47 49 *47 49 *21% 21% 103% 103% 24 25 ■' 24 ■ 31% 21% ■: 21% 21% Corn Exch Corn Products A 183 3 Mi Mt 3 Ma 25,M4 109 V " / v 2,500 11,100 32 M, 32% 38 Ma / 24% 38 Ma 700 5% 8.400 1,700 . 48 21% 21% 103 M 103 Ma 2,600 • ?' 290 103 Ma 103 Ma 36% 37% 37 3 7 Ma 15,100 89 89 Mr 89% 89 Ma 89% A 1,000 29 29% 29% 28 Ma 29% 1.430 29% 29 A 18% 19 18 Ma 15,300 Cuban-American 18% 17% 28 .7,500 Cudahy Packing Co: 18% 28% 19% 18% - 26 30 30 9% 9% 9% 130'A 130 , :V 60% 60% 5% 5% : 9% *' 5% A 18% 9% AM 9% 9 Ma 132 Ma 132 Ma f 130 9% 23.400 9M4 132 Ma < 6% 6% 19% 19 Ma 19% - • *123% 130 27 Ma 130 27 27Ma 27%" * Sugar preferred No par No par 1A $7 preferred Curtiss-Wright Class 1,900 , : Jan 23% Jun X4% Jan 11% Jun 96 Jan 7 Jan pfd Cutler-Hammer Inc 100, No par Dec 47 Ma 107 Oct 110 Ma Sep 36M8 Jun 15 Ms Jim 49Ma A Sep Jan 26% 27 A 403/4 Jan 16 4% Jan 7M4 May 22 25% Jan 37Ma July 8 183/4 Jan 27% July 18 July Dec 5 27 x9% 45 13 Ma Deo 57 Dec 11 37 Jan 61% Oct 7 53% Jan 5 173 5 Apr 53 Jan July 12 15 Jan July 31 1843/4 July 10 7 Mi July 6 Aug 17% Aug ' 47 Apr 61 Me May 186Mi Dec Sep 2Mb Jan 6 ii Jan 2 Ma May Aug 18 May 273/4 Jun 28 14% Jan 22Ma July Oct 3 95 Jan 25Ma July 11 '32 • Dec 30 16 108 Ma Aug 23 Ma Mar 111 3 v 3 . Mar 10 13% July 1 39 .. Ma Jan 23 Ma July Jan 9 18% Jan Aug 21 A 31 >. Oct 49% Aug 29 37Ma Jan 47 Oct 22 Ma Dec 15 11 Ma Jan 17 Oct Dec A 4 81 Ma Jan 99 Ma Aug 105 37 V* Nov 22 Dec 38 89 Ma Dec 16 Nov 82Ma Tuly 429 Ms Dec Jan 4 Jan ; 4 A Jan 3, Feb 10 Jan 25 1 9% Jan 22 M4 Aug 30 73% Jan 14 Ma Jun 19 Me Dec 144 Dec 27% *66 105 1 July 115% Feb Dec 10 Ma Jan 25 M4 OU 30% Dec 20 18 Jan 26% Jtin 109 % Nov 13 100 Jan 29Ma Mar 15 11 Ma Aug 31 1Mb 30Ma /Oct —^7% May Jan 17 107 Jan July 11 ,61% Dec 20 Jan 140 116 45% Dec Sep 7 Mi Nov 10 5% Dec 9 Ma Apr 19 Mi Nov 143/4' jun 9 1143/;» May 20 21 Ma Apr 28 l A Cushman's Sons Inc 7% * 16 52 22 Ma Jari 4 101 ■> Jan 4 5Ma Aug 25 A 97 Apr 25 41 Apr 24 43/4 Jun 6 ; No par (The)—; Curtis Pub Co 9,200 Ma 16 25 Yt V 22% Jan 18 30 100 preferred 4Mu% 28 69 20% 11 % 112 —9:A Inc Press Cuneo 1 Prior preferred 73.800 Jan 19 Mi 45 Jan 3 15% Feb 9 / 97 Ma Jan 20 —- preferred RR 6% Cuba 230 6% *123 Mi A 27% preferred— 5% 700 60 60 • 59% 19 Ma 19% 19 27 Ma 50 132 Mi : 400 , 59 Ma 6 Ma *123 Mi 27 M4 31 108 *106 A 6% 60 Ma 6 Mi 130 27% 27% 27% 107 Ma -■ 31 31% 106 Ma 60% 19 *123'A 31% 106 Ma 132 Ma 132 6V4 18 Ms 9% '/• 132 130 18 *123% *106 107 % 60 Ma *60 31 27 16% Jan No par 100 —100, 10 100 Crucible Steel of Amer 7% *145 Ma ■X 27% 27 • • 27% 31 * *106% 107% *106% 26% Mi 7 31 *30 "18% *145 Ma * ,l 25% 25% 25% 18%- *145 *145 *145 Mi 89 48 7 27% Feb No par $5 conv preferred 3 7 Mi 29% 22 31M2 Dec 3 * 6 Jan Dec Nov A 9M4 Dec 29 18% Feb Aug Jan 33 Ma Jan 104Mi Jan 20 20 Jan 333/4 49 Ma Dec 44% Jan 10 52 Ma Apr 28 5 Jan lMa Jan 16 18 Mi Jan 7 18 13 Mi Mar 16 3 v 173 M2 Apr preferred———No par 9 $2.25 88% 29% 4MB Oct 19 43 Mi Jun 4 , 15M» Jan Crown Zelierbach Corp 36% • 5 10 47 A Mar 20 No par 87 % 104 103A Jan - A A 27% Mar 29 10 12 Ma Aug 12 38 Ma Feb 29 1 / 20 A _25 Nov 29Ma Dec 24 16 A 3 14 i9 May Jun Jan Sep Apr Sep 21 % Mar Dec 1123/4 Aug 31 10 41% 5% 26% 24 Va 8 29Ma 53 Ma Dec 4 32 M2 Feb July Nov * 35% *103 Ma Dec 24 105 17% 22 24 24 Ma. July • Nov 9 105 Ma May No pat' Crosley Corp (The) Crown Cork & Seal 87 %» 104 25% Dec '6 % Apr , Ma 24 Ma 4 23 112 100 2 (The) 323/4 Oct 20 Ma Dec 102 M2 Jan 5 20 Feb 15 7% Oct 30 25 preferred——: conv 88% "*87% ; Cream of Wheat Corp 35% *103% Jan 45 1 1 Co Crane 13 M2 July 19 3 12 11 Mi Jan 3 18 Ma Jan 3 12 Aug 8 14% Jun 15 .100 Inc . Coty Interna t Corp 300 47 M4 Refining-- Jan 5 30 M4 Nov ' ' 48 Trust Co- Bank Coty 240 109 Ma 24% " 'A 21% *47 '•21% 1.400 i Corp Preferred /ma: 270 26 Ma 6 6 Mi —5 50 Electric Cornell-Dubilier 36 35% *129 0 38 21% 900 A ' 2,600 38% 32 Ma Mi 4 Ci 33 24% 3 3 Mi 38 / 24% 29% *24 ' A.'f 60 Feb 73/4 Jan 24 —No par No par Copperweld Steel Co Conv pref 5% series 21 : ' '*1823/4 109 Ma 25 10 55 Ma A A 593/4 26% - 14,100 / 2M4 6 Ma 5 16% Jan 13 9 No par Continental Steel Corp 14.800 Mi A M 3% 3 Ma A 19% May 1A Cooper-Bessemer Corp $3 prior preferred A 6 •■•25% *109 109% 108% 3 Ma 26% i 150 3% May Jan $2.50 Motors Continental Oil of Del 20 Ma A 182 Ma 6 Mi / Jan 7 Mb 20 5 Insurance 53 Ma ■ 593/4 Xl82y2 6 Ma 26% v 26% 26 21% 55 Ma x59Mi 183 183 v 6 % - 900 Can 50 50 55 21% 20'/a A 13Mi >■:/■' 13 51 *49 Ma > .A/1 4.700 A Ma 16 100 Inc Continental A"/' 9,700 27 —20 preferred Continental ' 13 Ma A 13 Mi Av'; 51 55 Ma *183 A Jun 23a Jan No par Continental Baking Co. 9,700 93/a 32 Ma 50% AmerickJ of 42.400 47 30 : Container Corp Jan pfd—No par 2.700 9Me 32% $4.50 Pow Jan 1023/a Jan 15 91 Mi 50 preferred Consumers 15 Ma 4 1 Continental Diamond Fibre 113/i / 12 Vi 46% 9 Ml 31% - : 6% Cuba Consolidation Coal Co 8% 12% 9 Ma of Consol RR Dec 19 No par pfd 100 :: 25 Continental ' 48% 11 Mb 46 Ma ■ Aircraft pfd conv 3 Ma 253/4 Oct 108% Oct _15 Gas 9.000 M' 39 Ma -39% '9 Ma 59 55% • 8Mb 20% 20% A lllMa 39 Mt 49 A $1.25 111 Ma x8% 111 Ma *47 Ma 16%- *58% 300 . Natural Consolidated Vultee $2.50 8 Mi 8 Ma Industries 43/4 July 21 Ma Feb 23 par No par 1 No par 5 $2 partlc preferred Laundries Corp ' 29% 29% ? 12% 110 Mi 1,600 29% 16 48 533/a 16 Va 31% 16 *49 *52 3/4 14.700 > i 29 Va : 29% 12% 533/a 9 Ma ' 31% 50% *523/4 53% *110 Ma 11% 30 51 21% 29 Ma 46%l ! 32 12% 247/a 21 Mi • llOMa 39 8% *48% 24 Mi 21% 110 Mi A; / 8% ' 243/4 21 Ma 110% 39% •; 2G% 23% 29 Ma 111% A 46% Ma 5.200 273/a A* 27 26 Me A No Y N Consol 49.500 i of preferred Consolidated llOMl 9 *110% 37% "*49 Nov 1.900 : 109 Mi 29% A 29% 37% *52 110%/ 110% 109 % 15% Jun 24Ma 7.500 • 22 Ma - 25 Jan Consol Film 6.900 297/a 11 Ms 31% 23 31% Jun 10% 18 29 Mi 12 31 Ma 25% *29% 17 Ma 5 Dec 30 Mi 11 Ma 31 Mi 22% • 30 Dec 103 293/4 12 303/e 22% 9 Mi Dec 31 95VaJun 23 3M2 Feb 17 5% 22% 8% 29 20% Jan lo 5% 31 Ma 1Mb May ' 21% Jan 27 5% $5 July 13 1 Ma July No par Coppermines Corp—— S Inc preferred $4.75 600 16 —No par No par Consolidated Cigar 5% -25% •v Jun 5 Ma 25% v.7 11 5% 21% 28% Jan 1073/4 23% 28% 2Mb *1073/8 21% 110 4 107 Ma 23% 109 Dec •; 8M4 Feb 23 107% *25% 53 July 26 July 15 No par Conde Nast Pub Inc. 107 Ma 19% '*52% Dec 27 Consol ' ' 82 Jan Consol Edison 19% 19% Jan. 21 Mo 35.700 12 16 363/4 22,200 29 Jan 13 ' 31% Jun 30 ' 12 Jan Sep 44% 29 Mi Nov 4% 29 3^1 Jun Jan 95% Dec 253/a 31% 29% 9 Ma July 44 107% A 3 Ml 31% Jan Jan 41 Jan 25% 104 Ma 1 25 Mi *11% 12 31% 3OM2 16 3 25 Mt 28% 29% 29 15 19 Oct 108 % Feb 23 Co., Edison Congoleum-Nairn 2.400 495/a Dec 43 Ma Jun 3 Feb 11 19% July Jan 79 Jan 243/4 Jan 70 A- 9 7 Dec 23 98 Ma July • No par $6 preferred series Commonwealth 4 Mt 53/4 Jan 183/a Jun 25 Va 5% Oct 79 Ma 18 4% 108 Sep 73 14% Apr 25 Ma 4 77 Ma —No par Commonwealth & Southern No par "..Commercial Solvents 4Mb Ma Jun Jan Jan 1% 50 Ma 24% 4 37 Ma Jan 5% 40% 37 6 98% Dec 15 A 39 Ma Jan 25 105 Jan 12 21 15 1.200 101 Ma 101 102 *101 Ma ■ 40 Ma Feb 108 % 108 •. 101 16 Mi Apr 24 3 7 No par 4% 24% par preferred 2.400 ' Feb 14 —No par ,-10 10Qy Credit conv 25% 4 4 25"' 108 * 'a 101 101 101 102 - - 3-% *22 Ma 84 Comm'l Invest Trust. 5.700 29 Mi 29% 24% * 41,500 ; 600 29% • 6.400 . preferred $2.75 Commercial 4M4% par No Co Carbon Jan Feb .■"■/ 93 A, Feb 5 Mi Mar 76 70 A Highest t per share f per share 97% Dec 3 Ma Nov 27 100 100 - Pictures Columbia w. 43 Mi 42 % "~'}i ■ . 94 29 95 " - 93 Ma % }, 1 93% 95 107Ma A. *106 Ma 109 Ma *106 Ma 43 23 *1Q1 Columbian 300 39% A4A A"'.; 3.900 29% . 1.600 49 A- 39 Mi 23 *23 I 'A MM.. 100 21 Ma *46 Ma A." 5% $ per share t per share No preferred series A preferred 6% 310 Year 1948 Lowest Highest -A, Lowest No par Elec Columbia Gas & 1.200 • 107'% *106 Va *94 ■■ QQ 39% r 87 Ma *87 48 48 39% 92 .. Far 45.500 4% ' 87 Ma 88 • Range for Previous Year 1944 Range for -vAu A A- EXCHANGE .. Shares share 4 Ma 91 Ma 21% *21% 20% 20% per 4% 923/4 91 95% *93 • *47% share per 4MB 91% 91 89% 88% 89% *92% 91% $ ' 91 91 4% 4% 4% 91% S t per snare per *nare j per snare 4% 4 Va Jan. 5 Jan. 4 Jan. 3 Jan. 2 Jan. 1 the Week ■ STOCK NEW YORK for Sales Friday Thursday Tuesday Monday Dec. 30 STOCKS AND HIGH SALE PRICES Wednesday *LOW Saturday Monday, January 8, 1945 FINANCIAL CHRONICLE THE COMMERCIAL & 116 10 14 Ma Nov 24% Mar 96 Feb 119 Ma Nov 15% Jan 26% Jun 3% Jan 127 Nov 7 28 Ma Dec 20 D ' *12% 12% *12% i 12% :" *12 Ma 12 Ma 25 *23 25 *23 25 *23 12% 16 16% 16% *110 110% ■: 34% 41'A- *34 Ma 34% 41% 37 *36 23% *23 36% 36% 9% 9% 41% Up 36% 363A *36 Mi 36% 700 "43 Ma 6,900 .■36% 500 r 23 2 3 Mi 23 Mi 23 Ml 23 Mt '. 23 38% 37 Ma 38 Ma 37 Ma' 39 21.100 9y8 9% 21% • h;-)"': 9 Ma v 10 103,900 213/a 7.700 68 Mi 72 39 Ma 21 Mt 10 3/8 21 Mi ' 10 393/4 21 Ma 21 Mi 21 Ma 67% 67 Ma 68 39 Mt 393/4 .393A 38 38 Ma 37 Ma 37 Ma 37 37% *41 41 Ma 40% 41 40 Ma 40 M«. 17 16% 17 Mi 16 3A 17 Mi 4.000 393A 12,700 • :aa*/ • 39% *36 Ma 38- I6M2 M 16% 38% V 41% 16% 38% ■/. 38% 41 % 16% y 17% 17% 48% - 18% 48 45 38 Ma 107 18 47 M4 " 38 Ma *104 Ma - 18 Mi 48 *18 48% 38 Mi *104 Ma *104 Ma" 107 107 47 Mi - 18 Ma * 68 39 Mi 393/4 18% 18% *47 19 M4 19 473A 20 34 23 Mt 21 Mi 22% 22% 22% 22 M« 22 Ma 23 Ma 23 233/a 22% 70 71M4 71 72 69 Ma 71 70 70% 70% *121 *121% 124 *110% 111% 110 Ma 58 58% 58 1 123 123 122 Ma 123 *1103/i 113 *110 3A 623/4 60 Ma 13 Ma 13% 13% 13 Ma 13% 13 Ma *19% 19% *19% 20% *20% 156 3A - A 156 155 155% *13% *126 128 114 113% *113% 114% 13% 39% 40% 22 Mi 22 M4 22% 178 178 14 Ma 40 M* 52 52 52 52 22% 22% 22 22 Ma 11% 11% 11 11 M» 44 44 43% 44% 15 15% 14% 15 5% 5 Ma *5% ■14% 41 Mi 22 186 3% 23 10 Mi 10 Ma 10 44 44 44 Mi 2.200 Electric 15 Ma 8.400 Electric Boat 53/4 53A 1,200 Elec & Mus Ind 8.400 Electric Power <fe 4 109 1103/4 103 Ma 4 109 *102 Ma 111% 4,500 $7 103 105 3.000 34% 34% 34% 34% 34 Ma 34 Ma 34 Ma 35 67' 233/e 24 Ma 68 Ms *66 104 Ma 104 Ma 23 Mi *66 *104 Me 105 16% 3.6% 16 V 102 102 102 104% *,103% 104 103 Ma 103 Ma 103 107 ♦104 106 M2 106 Ma *104 16 103% 104% *104 102 104 y4 18 Me *104 16 Ma 16 *102 100 17.500 200 103 Ma 102 103 220 106 Ma 106 106 60 1% 1% 1% 1% 1% 1% 1% 1% 1% 13% 13 Ma 13% 13 Ma 133/a 13 Ma 133/a 13 3/8 13% 69 69% . Natural 1Mb Ml 14 3.900 73.700 4% Johnson Corp 100 Public Service 55 preferred see page 69% 69 69 Ma 69 Mi 69 Mt 69 69 Ma —No par —No par preferred- tEquitable RR Office Bldg common benef 1 __No par $6 preferred Erie 4 50 preferred Engineers $5M2 3 Gas 7,800 69Ma' 17 35% 83% Jan 10 Jan Otfs of Int.; 1,900 5 % pref series A No par ;_No par No par 100 Oct Dec 45 July Feb 34 Dec 27% July 12 2 72 Ma Nov 15 Ma Jaii 25% 44 Nov 122 V* Nov 7 Jan 5 143/a Nov 19 11 Ma Feb . Aug 30 58% Dec 30 7 Apr 16 M4 July A 38% Feb Sep 73 Ma May 153 May Dec 107% Dec Jan 35 Ma Jun 5M4 Jan 10 Ma Dec *106 Me 16 9 13Ma 11 20 Mi Dec 29 9 Jan Feb 7 162 Va Jun 19 .134 Jan 159 Mi July 6 128 Ma Dec 7 124 Dec 130 Dec 15 120% Jan 20 115% Dec 121% Sep 137 - 100 Nov May 22% 113 14 Ma 10% Feb 28 33 • 89 92 3/4 % 9% 9% Jan Jan Jan Apr Jan Jan 46% Jan 3 6 9 Ma NOV 11 Ma 15 31M4 Jan 44 Ma July 3% Jan 8Ma May 146 Ma Dec 253/a Dec 5 Dec 30 Jan 170 May 195 Sep 9 *173 Sep 184 Jun 52 Dec 30 35 Jan 45 3/a July 24 M2 Dec 15 11 Ma Feb 19 15 Mi Sep 25 30 Ma Jan 39 Ma July 14 Sep ■ 45M4 Aug 18 ■ 153/4 Dec 15 8Mb Nov 6 Ma Oct 13 1M4 Jan 53/a May 3 lMi Jan 63/4 May 5 Ma July Mar Dec 14 31 Mi Jan 92 Nov 103 Ma Dec 16 28 Ma Jan 88 Ma Nov 47% July 11 333/4 Jan 42% 343/4 Nov 27 23 M4 Jan 110 223/4 Dec 7 49 Ma 101 Ma Dec 15 2% Jan 104 Dec 29 105 Nov 4 103% 673/4 Jan 92 Va Sep 96 Dec Dec 29 62% 4 Vi Jan Dec 20 14 70 Dec 15 Sep 54 92 13/4 Dec 13% Dec 20 Dec 9 Ma Jan Jan 107 Sep Sep 58 Ma July Jan 3 17 Ma Dec 6 8 Ma Dec . *32 30 108 'ri {run 3 3 10 25 4 3 Apr Aug 178 27% Feb 7 15 Sep 13 57 M2 Jan 25 101M4 Jan 19 8% Jan 3 87 July Dec 41 Apr 25 5 6% Jan 3 157 Feb 7 100 / 175 Jan 24 4 41 Jan 3 2 lfi3/4 May 1 1 8 Mi Dec 27 5 37 V2 Jan 4 3 10 Apr 18 3% Jan 4 No par 3M2 Nov 17 No par 8IV2 Apr 25 No par 78 Apr 24 No par 39 Mi Apr 28 Electric Mfg Co Endicott 20 102 12% footnotes 18.800 16% 16Mb * Paso 68 Ma 100% 103 El Battery Storage Emerson 105 *104 Me 16% 1.400 Electric 23 Ml 22 3A *67 68 Ma 1.700 35 *34 Mi 23 Ma 105 45% 45 Ma 13% For Light $6 preferred 453/a *104 Ma Am shares preferred 109 Ma 103 Ma 45 104% 4 3 Ma 4 109 Ma 45 23% (The/ Autc-Llte 14 3A 45 67 Inc Nut Co.— 5 Ma 45 Ma '22% Stop 15 Mi 44% 68% Elastic 443/a 45 22% Edison Bros Store" 15 44% 21% 10.400 44 Mi 5% Jan Jan 37 9 —No par Eaton Manufacturing Co 5 Ma 103 104% 600 10% Co—! preferred 153/a 103 7/a „ Stainless Steel Corp cum 44% 103 M2 *66 23 *22 Ma 900 6% 5% 3 Ma 4 1 Eastman Kodak 23 103 102 Eastern Airlines Idc Eastern 10 Ma 10 Eagle-Pichef Lead Co 14% 5% 110 M2 110 110 : : No par Duquesne Light 5% 1st pfd 100 30 22% 42 Me 8Ma 21Ma 123 Ma Jun / No par (E I) Si Co—^-20 $4.50 preferred 1,300 10 Ma Jan 5 113 International 33 Ma Mar 30 1 Apr 35% July 22 28 Mi Jan 8 Mi 48 Ma 173/4 Jan 26 A Jan Nov IO6M4 Jan 8.600 Mar 40 / Dec 46 M2 Dec 1 1 4.800 22% Julv 49 No par series A—t industries $4 preferred 42% Jan 5 Jan^ 4 1.200 190 10M4 May 16Mb 9 131 A, 17 Ma Jan 20 1143/4 Apr 26 Dresser 20 Ya May Jan 3 Mi Dec No par No par 300 Sep 36 Ma July A 20% Sep No par 1,800 *22 Mi 33 Mi Jun July 8% „ —5 Ltd Du P de Nemours 52 Ma 4334 Jan A No pa* ; 14 Ma 52 Sep 105 Dow Chemical Co 27,300 Jan . 3 14 Douglas Aircraft 22 52 Apr 15% Jan 5.300 186 52 42 A 21% May .12 47 May 13 182 52 52 10.300 Dome Mines Corp 22 182 Ma 95 —No par 182 22 Ma 182 186 38 Mi Mar 31 ——No par Cup Co Class A Dunhlll -■ 29 100 Doehler Die Casting Co *185 23 181 *185 Dixie .12 ■ 7 35 Ma Dec 17 Ma July Duplan Corp 13% 41 Ma " 4 3% 133A 41 Mi Oct 8 38Ma Dec — 29 18 5 11 Doehler-Jarvis > Oct 65 3 29 preferred— rA3 29 Feb Corp-Seagr's Ltd—No par Distil *. Jan Jan ^ 5 28 Ma Jun X2734 Feb 5.200 114 Ma 21 Mi Dec 24% Jan 26 _ . 26 9 Ma Mar 22 A 13 Mi Jan 3.700 *1133A 393A 22 Ma ' 110 • 186 186 186 - 4 114 Ma 373/j, Dec .-2 12,800 128 128 223/i July 17 ; 52 par 25 preferred partlc 2,300 *127 *113% 6% Diamond T Motor Car Co • 25 22 Ma" 156 Ma 17 {116 Jan 10 3 A 29 Mi Jan No par —No 1573A 13 Mi "13 3/8 13% 22 Ma 158 *127 • 61% 36Ma Oct 12 100 300 18 / I8M2 Jan Match 1083/4 3 27 20 Detroit Hillsdale & S W RR Co—100 ' : 113 59 62 Ma 178 Ma v 178 J 20 3/4 156 Mi 114 Ma 39M4 ' 186 *184% 114 Ma 14 40% 40% 21% 178 A A 14 Ma 13% T 128 *127 128 *126 r 13 Mi 21' 155 3A 155 124 Ma 120 Ma 111 Ma 61% 62 123M4 111 Ma % 110 Mj 1.500 A' 41 Me Oct 45 Ma Jun 17% Jan v ; Raynolds A Jun 113% Apr 12 1 3 Diamond Mar 19 5 5M8 Jan Devoe & 19 Jan 18 _50 Detroit Edison Jan 12 36% Apr 32 Mi Apr 17 % Jan , _10 100 : Western^ Delaware Lack & 700 V 70 > 1.000 '. 19 3A *47 22% . 70 340 Delsel-Wemmer-Gllbert Delaware & Hudson 17 20 21% Jan . No par 20 Oct 30 16 Mi Oct , 29 23 Ma Oct 12 109M2 Dec 100 —1 — : Deere & Co A Preferred 5% ^A 20 193A A Dayton Pow & Lt 4Maft pfd Inc Decca Records 7 Ma 13 Ma Nov 4 19 M2 Mar 17 13 Ma Jun (The)—1 Chemical Corp Davison 107 ♦104 Ma 107 * 45% 18 500 39 67 M2 39% 42 16% ■/St. 42 9M4 21 38 37% 42 Ma 41% 8,500 34 Ma ' 36 Ma ' *41% V.V34 llOMi A110 35 Mi 36% *64% 39% *36 36% f 11034 *34 24 9 67 39% *104 -MiA 37 36% 21% 21 *64% 41 Mi *110 34 Mi 34 preferred 5% dH). 17 Ma 16Mb 17 Ma 163A 17 25 6 Mi Jan 9 25 Davega Stores Corp 12 Ma *23 110% *110 35 y8 r 41% 41 23 *36%' 16 Ma 16% 110% *110 , *12 Mi 25 *12 Ma *23 Sep I Mi Mar - 8M4 Jan t63/4 May 8 Jar 16% May M>3/4 M 39 Ma 123. V Jut RECORD NEW YORK STOCK LOW .AND Saturday * $ per share *84% Jan. 2 Jan. 3 * share per per share *84% 88 S $ per share 88 : V 88 *84% .5 11% 11% 117k 117k 16 % 16V 167k 16 V 17 4514 46 V 457k 43 ...i- 43 , 25% 13 17Va *104% ' 95 V/,' —. ■ —. r , . - 9% 8 43% 44 25»/4 257k 25'% 13%. 17 V 17 V 17 V . _ ■ 1047k 9% 307k 307k 106 Va 107 .. 57 V 567a Federal Mln & Smelt Co 1.400 Federal-Mogul Corp 97k 9 V 9% 3.100 Federal Motor Truck ' ■ 30% Federated 6.240 . 4 V % 130 106 26 267k *25 7k 50 V 577k 57% 58 24- •!> 24 111 *42%' 427k *31% 67 .. 24 24 111 7 —» >::> 31V 31V *6 7k 49 491/4 48% 497k 157« 16 V 77k 51V 52',k 77k Florsheim Shoe class A Follansbee 70 *68 28 V 28 V 277k 16 V 167k 16 V 71 V4 71'A *70'/4 400 Food Fair Stores Inc— Food Machinery 25 Vk *25 Va 28% 27% 277k- 27% 273/k 25% 25 V >' %>/> 133 34 33% 25'% > 25 25 25 25 V 17 177k 167k 44 44 . J 34% 447k 44% 114% 35 i7V/: 1,900 % 10 347k >>> 45 V 114% = - ; Freeport 1,400 45 V 1147k Fruehauf 4V% 150 ' Corp Trailer 11 15 Jan 25 V July Dec 29 78% Jan 98% 12% Jan 19% 42 Jan 50% 25% Jan 43 53 V Nov 2 57 V Dec 30 Jun 109 Jan Jan Jan 42% Dec 22 25% Jan 3 33 V Dec 12 19% Jan 44 87 a July 5 37k 30% Jun 22% Jun 36 Jun 28 < Jun Jan 7 39% 109's* July Jan 9% July 53 Dec 16 Nov 29 9% Jan 13% July Dec 29 39 V Feb 54 29 Dec 13 10 v Jan 19'/a May 7 16% Jan 21 17% Sep 26 5% Jan 15Vk Dec 16 50 Feb 75 29% Dec Sep 38% July Jan 31V Jun 4% Jun 135 36% July 11 30 17 Sep 5 — 7 July 5 5 V July 10 447k Dec 116 18 2% Jan Dec 25% Dec 3 4 Apr 3 103 Jun Jun July 69 Jan 5 Jan 18 Jan. 4 Jan 13 Jan 15 29 V Jan •-.; 100 Aug 31 5874 Mar 57k May 16 43 7k Aug 9 1174 May 1 Nov 3 157k > 30% Jan _1 Co preferred Dec 97% 70 10 Sulphur Co 4,100 . 32 31% 537k .,' 16 20 >' 13% preferred prior Apr 19 1 Francisco Sugar Co— Apr Dec 6V 1117k Dec ^ 25 No par F'k'n Simon & Co Inc 7% pfd -100 6% 270 18% 277k Aug 21 4 4 13 247k Jan 10 10? Corp Foster-Wheeler 3,900 ; 133 . 34 ■ 1147k 1147k > : ' 45 447k 114%,, ♦126 131 131 35 3k ,347k ; : vk 114 1/2 *114 S 133 *130% 347k 34 V .//■'> . 114%.>:. 177 B 17 V ft 133 *131 447k 44% *114 177 k 17 17% 17% *131 ' 71 > 100? preferred conv 37k 1C4V4 Jan 347k Jan 13 _1Q Corp 5% V 16'% 27 V 287k 25% Steel 1,160 , par 297k 13 19 No par 900 16 V ■ 72 No Co Stove Dec Feb Jan 18% 26V Jun 357k Jan 18% May Nov 19% July 105% July 108 10374 Apr 25 No par Florence 7.900 ., 51% 717k „ 1 71 par 900 •',>' - 7% 7% 49 . 100 J par" No 600 71 *16 161/4 *155/8 77k 53 67k 49 No $4.50 preferred, ; 31 31 Stores Mar May 11'% / Jan 16 1 42 28 Jan 24 3 5 3 Jan 27 38 74 Feb 8 (The)-.: Co 6% 86 10% Aug 18 374 Jui.v ■ NOT Nov Dec 24 4 : Nov 8% 27 V Nov 26 Jan 21 4 227k Jen Jan Jan 25 preferred National First Flintkote 11,600 : 41% » 41-% >';■> 32 ♦30 247k 111 *109 41V 41 31 1,400 24 » 111 *109 307k >% 247k 24 : 111 42% 67 k 6 7k : 42'% 42% 42% 33 8 24'% *109 4V % 1,400 44 43% Aug Apr 24 45 Firestone Tire & Rubber Corp 105 Jan 93 17 Fidel Phen Fire Ins N Y 108 108 43 V 43 V 43 V -43 V 108 108 108 108 *109 24 V *10) 571/2427k I-*. 5 No par 100 -__1 ■ - 2.100 50% 58 50% 58 V 17 $2.50 Dept Stores preferred Ferro 2.500 26% 50 19V Apr 5 conv Enamel 3 No par - 3,500 26% ,147k Jan 18 100 Jan 21 No par preferred $6 3.500 237o 51 108 30% 15 & Traction Light 27'/4 50 Vk 14 8 Federal 106'% 26 V 42 V % . -Nov 78 Jan 20 2 23 V 26 V 108 "•:> 43 V 19 17% Dec 68% 17 27 50 V 57 .. 108 *42 % 67k Dec 14% Jan • 108 25 4474 Dec *105 X57V 29 V Mar 47 V Dec Farnsworth 23% 26 V 50 Nov 3 & Fajardo Sug Co of Pr Rico 8.400 . 27'k 50 26 1 3 1.300 30 V 47% Dec 3 ■i *105% 3 9% Jan 17'A 30% Jun 217k Jan 33 V Jan 21% Jan 15.800 106% Jun 147k -_20 : 30'% 97k Jan No par 137k 105'% 107 Jan 5% Co 257k 106'% 93/4 9 l/2« 307<a 30 Va . . 3% 14 Televls'n & Rad Corp_l Fairbanks Morse 2.300 44 9'% 27'% 2 3 7a 4 17% Dec . , 27k Jan 237k *105 267k 23 V 13% Oct 18 2,50 17 V 19 97% Apr Exchange Buffet Corp Corp 26% 106 26% 23'/a 107 50 * 106 23 % 9% « ." 107 26 ■V - 84% Aug 24 15 67k Apr ' 1.000 43 V ■:•■,/ 44 Highest t per share 78% Feb 5 Co 1.600 ; 6 13 V 17% 171/4' 43% .. ' 1 per share share per Ex-Cell-O 25% 137k " * share 3 Products Evans 5 Cleaner- Vacuum Eureka : 8.500 4.800 45 . I per , 50 RR Co Erie & Pitts < 17 ' 6 -257k 13% __ ... 31% 31 -• - 44. ■> 67k " 13% 43 257k 24 V *107 ■',>>;*. v 457k >.: ■ *6 13% *104% 25% • 6 Vk 257k > *16% . 106 25'4 *23% 46 V > 6V 13 42% - . 137k 17% 46 V 6 V Par Year 1943 Lowest Highest * ' ,137a 16% Range for Year 1944 Lowest EXCHANGE • 88% 12% 25 V ■: -*.■ 25an *85 V 17 :>•■>. 45% 45% 6 88% 12% 167k Vi Shares per share 12 *85 V 11%. 16 1 ?. % S share per "'. STOCK YORK NEW the Week Jan. 5 Jan. 4 for Sales Friday Thursday Wednesday Jan. 1 Dec. 80 Range for Previous STOCKS HIGH SALE PEICE9 Tuesday Monday > 117 CHRONICLE THE COMMERCIAL & FINANCIAL Number 4349 161 Volume May Dec -— G AAA 'ft ft. 63/a . 4 % 6V 4 43 .6 V V r:, a ■ 6% 674 7V 7% 77k 14,300 4v 67 k 4V 6% . 47 k 4 47k 4V 4% '.7,400 Gair ' 16*4 17 l4 17 V • UG'a 167s *64U 68 23 % 4 108 13 ; 160 .'441 4 41V 41V 108*4 108*4 ■if 108 13 V >13 7k *107 V 1607k 18 V 21V 28V 417k 108 V 3974 , 41V V ,V- 0 108 {'g 37a ' .'.•>ft 33a 37a 3V > 37k *134% 136 *13474 114 *113 114 130 130 130 130 63 64 *13474 136 6113 'ft 64 • 6474 • ». 97 * ' 1 7 2 - 8 v i •> r.l 4.» * -V' > «' 47 X 4% *10474 :2V »>:• 23 V 10 1: 317k 10 32 v 4% 37k •4% 22 v 22 V A '19V ' 2674 *2974 V 19 V- 197k *19 V" 106 V , - 13.000 26% 1.600 *297a *106 110 „ 30 106 105 28 V 106 157k 167k 92 92 92 22 217k 22 217k 2l7% 105 >104 1047/b 105 *51'%. 37k 374 3% 54% 54 74 54 *102 Va 102% 103 51'A 517 k 51 Va 111 15% 16 157 k 5 V 6 57 k 257k *52 5 2'/4 37 k 37 a *158 54'% 54 % k 103 *102'k 51 % 517% >111 111- 111 *110% 105 '■'■H 159% <158 160 * 25 % 25',k 5274 *51 16% 16 24% 24% *158: 28 V * •>> 16 15% 57 k 57k ' 4% 47k 4 V * 74 >1974 5 <, 47% 106 V ;> 95 23 107 52% 54'% 102 V 52 517% 52 51% "" <15 V 2,600 5% 574 57 k 47k 47k 47k , .19% J.9% *19 74 19 V 800 15% 15 V 157 k 9,700 15 V ■■■:■ 15 14% 15% 41 41 *41 42 *41 42 41 24 V 24 24 *23% 247k *23% 247k 24 V 2474 14% •> 14% 147k 14 3k 15 147% 15'% 15 15% 14% 15% 487k 47% 48% 487s 497k 49V 50 49 74 50 48 74 2874 2874 28'% 28 % 28% 2874 28% 2874 28 V 28% 160 V 162% *160'% 162% 66 161V *160 '•*62 66 *62 66 : ■ft *62 *161 *62 66 *54 V 55 V 55 55 55 55 55 227k 227k 23 227k 231/4- 23 V *104% 1047a 104'% 31% 31% 32 57a 175'% 177 V *175 14% <14% 157k 497 k 177 15%/ ' 57% 175'% 104% 347k 1751% 57a1'- 1047% 57k > 34 *104'% 33% 1047k 147 k 33 59 58% *175'%- 5ov: 50 'A *104 V 105 ■ 6 5 74 77 175 V 34 4,700 175 V 61—>ac£ 61V 50 V- (B F) 35.100 1,700 ...5 Ore Iron Prop Gulf No par No 107% Sep Dec Dec Sep 137 56 Nov July July Jan par 100 (The).^ -i. Sugar preferred Ohio RR_. — No,par ..100 1 No 8V /» 2% May 127k 15%"Jan 9% Jan •M*5 ■ >T5% --Dec 3 60 Jan 91 9 16% Jan 24% 317k Dec 18 15% Jan 237k Mav 8 14% 26% Dec 30 Feb 17 Jan 108 113V Apr 22 14 July Jun ... — 113 Jan 257k pec Jun 105 V Aug 23 16 V Dec 474 Jan 6 90 V4 Dec 6074 Jan 22% Dec Jan 7 1047k Dec 4 257k Dec 3 52 Aug 4% May Dec 175 3 7 54% Jun 3 104 V Nov 8 517k Dec 3 112% Jun 9 V May 74 ft, 5 7t \ Jan 14 V 59 Jan 85% May Sep Oct 2 y474 Jan ,227k July 1 4X .48 Jan Jun A% Jan 37k May 73% Sep 97 V Aug 19. 24% Jan 457k 21 83 Jan 30. 25% Jan 26 90% Jan 4 5..: 102 Sep Oct 417k July 108% July * 1774 Oct 3, :;j. 1974 Dec 42 V Dec 374 T Jan 77k Jan 29% Feb 24 5 Dec 8 30 97k' Apr 2% May 67k , 17 Apr July 137k May . 37 Sep Dec 26 July 137k Dec 18 21% Jan 23 V 9. 25 V Mar 15, Nov . Apr 327k May 17V Nov 13 49 % Dec 20 30 Dec 9 163 Nov 28 Jan 154 Dec 67 Feb 3 57% Sep 65 Jan 55 74 Dec 15 28 31V Jan 50 Sep 14% Jan 21V Dec 10% Nov 2V Jan 24 17 Jan July 16 Jan Jan 7 5 7 23 , 17 ' 138 V July 15... 105% Dec 32 V Dec 277k Jan 11 29 6 V Aug 12 : 189% Dec 81% Jan 15 :17 V May 5 Jun 1607k Jun , 37k Jan 10% May 12 257k Jan 41% May 50% Dec 30 44 V Dec 50% July 16 V May 17. 62% Dec 3 42 V Sep 4V 5: Aug 5'4 July 3 20 May 43 V Feb 19% Feb 10574 Dec 11 A'pr 15 33 (Aug j>>23% Mar / 13 ... 57 23 : 25 % May Jan Mar *104 Dec 6 143% Feb par Jun 19% Nov 27 ' 11 18 No par. ;>.< 3s/s Apr 3 100 123 Jan. 26 No par v 6 V Jan 3 Corp Jan Jan 110% Dec 9 20 4 V Nov 5 25% July 10 2.5s 4, 39 3*» 2 124 v 131V May 4% 16 Nov 4>A Oct 5 11- 26 1\ Co Inc L) - 3 31V Dec Apr Apr 100 preferred. Oil - 9 274 July Apr Nov ,15 17 10774 Nov 1514 May 18 97k Feb 8 32V Jan 3 y; 23% Jun 28 14% Dec 18 257k Jan 3 247k Jan 3 pfd—No par Sugar 25 „ 20 Drpferred $5 7,400 Jan 44% . 120% July 83% 11V Aug 21 3 Apr A 367k Feb .104 V Jan 8 V Jan / 114 Jan 3% Jan No par. Co.- Gulf Mobile & 62 -3 128% Nov July 12 2374 Jun 24 274 Jan 85 V Jan 40 Feb 98 Jan --No par 1Q Guantanamo 507k 18 18 V Jan 100 & P. Grumman Aircraft Corp.,. 8% 93 14 66 119% ; 17k AuC 19 x83 —1 Bay & West RR 414% , 113% Jan . > 26 26 Oct 7VJan 50 ■>>, 45 ... Apr Jan 69 Jan 11% Jan - M S Western (H Sep Dec 4 145/k Jan 74% Sep 227k Jan Jan 19 99 ... Grevhound Corp 40 • 50 V 300 25,300 5% > 15% '-167k 16v'L?.- 59'% 50% 105 V 32% 34% 15; 0,'i 587k 50 V 5-% 15'% 58% 597 k *59 : 57k 6 Nor Green 600 13,400 Feb 110 Jan 1974 Feb No par Preferred 23 V 237k 4 18 — par Telegraph Co (W T) Green 54V A 5474 55 22 Va < f ; No par Great Northern Ry 6% 66 140 120 134V Nov 11 Jan 197k Apr 5 preferred Great 6,500 Jan Mar 18% 6% 106 IV 19% 112 .-3 V4 No par 100 ,10c No Co/-:. Great 3,400 3 Jan 3 V >Aug 30 6% July Co Steel Grant 28,500 117 24 % May No par Grand Union 163 *62 163 *161 > 21 Jan $5 5% Dec Nov 44% July , 137k ...100 100 Granite City 300 *24 Jan Jan No par Granby Consol 700 42 41 *41 >■ < 8,400 34 4374 July 12 Jan convertible preferred—No par Gotham Hosiery.. — No par Granam-Paige Motors 1 29,900 47-4 15 V 6. 32% May 2 V No par —No par. Goodyear Tire & Rubb... No par ; ;39% July 17% 100 $5 preferred 300 Jan. 125% preferred conv Goodrich Co 6,600 30% 4 No par (The) Gold & Stock 100 15 98 V May 4 20 tGoebel Brewing Co... 2,200 / 103 *111% 11174- ... 15% 57 k 5 157k 112 15%'-; • 57% 15',k v 5474 54 V- *10274 527k 112 111 V 547k 102% 54% 103 50 148 137k July 26 > —1 preferred Co 4 %% 1,600 Jan 56 >4 Nov Corp Safety Razor conv Glidaen 600 3% Nov 2 V Feb,10 No par x $6 preferred 300 52 V 3°/4 156 158 $5 3.000 157 V 52 V 3 '/a 3-/4 156 257k 52 V 52% 37k 159'% 1047k 25% . 40 No par Glmbel Brothers 10.000 Jan 130% 130% Oct preferred Gillette 100 95 237k 1047k 257k 25 V >30 Jan 20% 4 28 3 ^ Rubber & Tire 4Vk % 19,200 1574 >93 23 26 ft. 187k 106 % 15 V 15% 15% *1047a 105 : 16 *106 21% *93 ,18% 19 % 18 ''4 1057a • 71% 12 155 3 preferred.. General 10.900 29% 28 V 29 V 24 102 Jun 28 preferred..... 6% yA 277a 27 V Feb 115 V 8V4 Mar' 18%-May 40% Dec 16 128 5174 12574 9 ' Dec Dec 29 V July 19 Feb 35 No par 1 Corp Instru Time 4W 110 Jan Jan Corp— Telephone General Gen Jan 7% 124 4 25 V Apr Gen Steel Cast $6 preferred_.No par 700 Jan 2% 22 V Dec 140 10c Signal preferred... A General Shoe 1.160 ;• 47k Aug 4% Jan Equip Corp General Refractories >4.200 29 Jun ?V Jun 151 36% Jan Realty & Utilities new.; Gen 4 : 51 : Mar 77k July 10 29 Aug par Railway Gen >. 6 % » Jan >108 > Jan 5% Jan 134 20 19% Dec 3: 11% 8174 > ■ 107 • 37 6 Now Apr Dec 11% Jan ' Jan Jan Jan 102 13 97k July 161 4% . 27 5474 Oct 4174 Apr 28 774 Jan 24 Feb 8 143 3 674 Jan 6% 19 Nov 109 Jun Apr ,53% par Public Service ' 4 Jit}'•''"47a >0- 26% 307k *29 V *106 3.100 124 V '^v"22 V ^19 ft1* 19 '/a 26 V 30 V >" '•-"i07V'1077'4 109 V *26 '/a • Gen 16 V Dec 11 21 Jun par $4.50 series A preferred.. > 7.000 Feb 6% 1474 v 9% Jan 51 No A Gen Precision ^ 22 •22 V- 2674 110 *106 110 '37k '>'"~-22-'-' 109 V 107 ftft - «"»i22 £« s'ft'V". 14 No Adv General Printing Ink 10 317k 3074 31V *122 Ai 124% ™ 58 V Dec Jun Oct No Outdoor 1.700 274 3 100 10 Common 2.800 2 74 :• Jan i-No par preferred $5 Gen 10 107 V 51 10 V 105 preferred series A-No par ——No par 23% 97a V 2 31V *91% 16 V > • 3.700 *106 13 V 30 par General Motors Corp 200 117a 23 V ■ 107 V 2*/a 124 V *122 . 93 '21V 19 11V 1,000 129 A 55 V U V 28 23 V Dec 'isJ- preferred 5% 20.500 *55 7% Dec 1 No par Jan 147k 6 Nov 66 3 General Mills 150 647k X128 ■ *106 ' 17k 132 V 129 23 V 97 a 307 a 29 V 105 105 16 V *M' 23 V 107 V 132 V vi., ~—No ; preferred ;>■; $6 conv 30 647k ft Corp 3 4 % May 28 26 No par Jan 20 18% Jun 5 Gen Gas & Electric A__ 300 57 .11 3V 136 114 64 V i31 *55 974 2674- 26 267a *90% f 11 o 25 V $4.50 10.100 111 V *111 ' 123 V 55 V 107 V 19 V : *106 110 106 129 V 37k ' Foods General > 170 *112 7k preferred 18 V Dec 50 General Electric Co 3.800 108'/a - preferred cum 7% 28,300 *13474 11374 11374 1074 107 V 26 V * - >'"* * 3V 37k 13474 13474 135 22 V > 10% 31 *29 V 3V 64% 317k 106" 267k 7'/o General Cigar Inc.. 50 41V >41% *108 V Class A : c 350 2.200 . 130% 23 ■''I 41% 108 V 55 124 V'-' 22\ > 1974 107 26 V 41% 108 V ■ ■*2274 107 41'/a 108 ft ; 2,500 > 40 Va 39 V ; V. General Cable Corp 160 *156 40 39'/a 129 2 .31V • ''19»V' >. General Bronze Corp.. 3,300 28% 28% 157 156% 118 118 287k 5.800 , .21 V 20% f/ 21% 119 V 28 V ■> preferred $8 ' *121 ' t 124 V 21 119 . 97k *174 30 V :3l > '*121 >•>. 287k 6474 227a *106 107 V 67k 107 V 974 10 a Gen 28 Jan No par General Baking 60 18V 6% 13074 107k 227« 23 V 23 '"a *106 17% 674 6374 129 107 a >11 1607k 1874 1307k » 55 7 : :>■ *54 55 v 10% • 128 V 129 V 129 *54 ; 1607k 67k 67k 2174 1.500 9,200 I H 1774 19 114V 114 9 87k ■•/'■ '>• 1607k 1607k 40 9 1607k 160 *156 : *874 Dec Oct No par .5 ,>_5 —No par .a.? i No par —No par ■ 100 i—No par ; 100 Jan Jan 9% 6 Feb 1 — preferred Amer Transportation $6 51V 50% 507k ft 50% 87 k 120 *119 28% ' 5074 13,800 17'A Dec 62 V 4V 20 Industries Inc Gen Amer Investors 108 V 5 153/f Sep 14 par Gaylord Container Corp.5V% conv preferred 150 61 60 Ao -No par Co 4 Jan , 12 Va 167k 20 2% 1% 2% Jan 1 (The) Co Wood Gar 5,800 23% *23 7k ? -ft: 13 V 674 397k 39 39 V '39*4 :> 160 *156 58 V 108 V 874 , 24 V. 58 V 13% ;."i 120 23 V _No par preferred $3 *107'/2 21V 21V 120 > *28 <•>; 2474 ■/>'■ f (Robert)—; preferred Gamewell 7,500 774 7V >t A1 (The) cl Inc Gardner-Denver 68 *6474 / .*>. 7% 13 V 674 6V ,28 V *156 300 10874 50 19 18 V 120V ' 28 % 1,700 167k 13 V * 1607k *160 67 a 2174 120v 17% 1077k - 87k 874 - 58 50 50 19 21% • V' 7% 58 23V 108 x 8% f 874 160 160 '.>•>6% > 68 774 77k ■ »: 58 13 V * 50 • 10674 -- ft/ft >>" 1814 167k *64 V 1 23 V 58 13 % *49 % *106' 77k 23 * 57 % ft 58 /. Xl67/a 68 • • 22% 13% 167 a *641/4 16 V 1774 167k 17 V Co 6% 300 *16 16% 17% 18- *16% 69 7% - 77 k .. V >16% 16 V ft" 18 'v. 167a 16 V *64 >4 .•ft>-7% . 177 k 177a * 16 V 16 V-'. *16 V* "i5~h > ?./«'■>/■> Gabriel Co ft.,. ..faar' H 33 267 k 267k 27 V 1574 15% 15% *32 V 27 20 V 21 21 33 267k 35 *33 21 20% 157 k 15 V *108 109 *108 *108 Ik 110 *109 110 18% 19 108 109 187k 77k *774 8 * 111 For footnotes see page, 123. 109 V 271,4. 21 157k 108 *l09 7k 1107k 187 k 19 V ~7%7, 111 7% *110 8 112 *3374 -27 21V 100 2774 23V 3,600 1674 1,700 227k *109% 16 16 ♦107 108 110 V *109 »k 110 V 19% 19 ' 774 __ 8 112 19 19% 30 7% 7 % Hall 8 27 Apr 267k Dec 30 1,200 Co Printing 5 % 10 —No par preferred (M A) Co $4.25 Harbison-Walk Hat 100 pfd__No par' Refrac —No preferred Corp of Amer class A 6%% preferred (modified) par 100 ;__1 100 "Oi ' , 15 V Mar 13 11V Apr; 26 38 > May 5 22 V Dec 15 July 3 16 V 106 Apr ii; 111 July 24 102 Jun 14 109 Dec 15% Apr 24 21 6 152 138 Jan 5% Jan 14 104% Jan 5 22% 110 Jun . . 12% Jan 9% Jan 104% Mar 29 July in Dec 4 27 July 12 8% Jun Feb 35 33% Dec 18 4 ,.23, Hamilton Watch Co , 6% 112 ..23 Hanna 3,800 *152 ♦110 Water preferred class A. Hackensack 440 108 15% *107 *110 22 V 35 V 27% *33'/4 *152 *152 *152 *152 *109 - 19 35 ■ 13% 135 4V 86 Jan Feb Jan Jan 28% Sep 38 Apr .'18% July 15% Jun 110% July 18% July 144 V May 7 V May 109% Oct ' .v 1 per Jan. 2 * sharm 9% 9% 9% 7 $ per snare per snare 7% *21% 21% *70 % . 1 75 24% 25% 82% 82% 83 'A 131% *130% 26 % 23% 26% 26 26 23% 23'% 23% 23% 23% 24 24 600 Hires Co 44 44 44 44 44 *42 19 19 19 19% 19% 17%. 17% 17% 17% 43% *42 19 *18 17% 17% . 17% 17% 42 42% *71% 72 109 72 71% *108% 108% 44% 17% 72 67% 67% 13% 13% 36 36% 67% 66% 66% 12% 12% 12% 13 12% 13% 36% 36% 37 36% 36% 2% 2% 11% 11% 11% 11% 27 27 27 15% 14%' 2% 2% 11% " 67% 36% 2% 28 13% V 35 2% 2% 11% 12 27% 72% V/ •13% 11% 11% 27% 27% - 2% • 12 27% 27 % ' ' 14% 14% 3% 15 14% 4 3% 3% 3% 3 3% i,?., \ 'i '' * 'i- • '•* "■. * >f ♦ Jan 87 Jun 128 Dec 49 Jan 71 July Jan 118 Aug 73' > . 125 July 17 Dec 100 8 Aug 136% Aug 25% Aug 31 14% Jan 21% May 16 16% Jan 25% July 28% Jan 40% July 4 47% Sep 5 21% Nov 3 13 % Jan 13 Oct 2 May - 73 10 42 '*• Dec 19 134 V Mar 10 19% Dec Jatf4 4 " 29% Jun " 172 23% Dec 39 ' Ja)n 13% Jan 13% Jan 71. ^ Apr Jan 12% 36 V* Mar Homestake Mining Houdaille-Hershey cl A x> Jan 152 27 20'4 Jan. 21 117 54 Jan % Nov Feb 3 7% Feb 3 30% Feb 21 3 ■72% Nov 114 Sep 17% July Sep 31- 17 Apr Jun 115 3 117 Aug Jan 42% 36% Jan 45 July 9% Jan 17 July 30 • 44 1 105 Jan - 3 3% 114 37% July 10 30% Jan % 68% Jan Jan 13% July Sep 57% July Mar 59% Aug 70% July 11 - Jan 12% 8 • 18% Aug 23 6 63 Apr 7 47% July 13'-45 Jun 17-; 1 31: 107 July Nov 9% July 41% Apr 1% Jan 11 2% Jun 28 6 12 11% Dec 29 4% Jan 6 22% Jan 16% Aug 23 4'/a Jan 11% July ii Jan 2% May Jan 22% Mar 4 28 y8 8% Feb 4 1% Jan - ' 3% 4 15 14% 15 Jan 115 A 56% 25. 25 89 Apr 27 19% Feb 2 . 108% 1 67 63 S —, 3% May '•110% July Nov ' 114 12,50 100 n No par ■ ,-.5 Class B_—— No par 3.800 1.000 / Household Finance No par 230 5% preferred-—100 1.300 Houston Light & Power Co ....No par 50.400 r. : Houston Oil of. Texas v t c 25 2.700 Howe Sound Co— ' —5 7.900 .i Hudson & Manhattan— -1O0 3.900 5% non-cum preferred 100 3.800 Hud Bay. Min & 8m Ltd—: No par 6.800 V, Hudson Motor Car No par 11.200 Hupp Motor Car Corp. . 1 17% 108% 108% ! Jan Jan 6 27% Feb 18 100 4.900 45 72 72 108% 67% Jan No par 7%. preferred 43% 17 (Del) Holly Sugar Carp— 1.800 i *44'4 17% 67% 3% 17% 44% 108% 108% 27% 17% *117% 43% 67 2 Hollander & Sons (A) 43% 72 72 v 108'% Holland Furnace 128 par 10% May 1% 93 % 9 75% Feb 24 24 —10 1 —10 (C E) The 500 17% 16% 17 No Dec 30 22 170'" Apr No par j. — 500 75 / 100 ;>- Hlnde & Dauch Paper Co /i 19% 42% • 100 43 44 % *44 44% 16% 17 42% ___ • 19% *117% 42% 42% : *43% 44%. *122 *116% *116% *116% 15 r'>■/•!R4- *122 *25 % 19 2 Hershey Chocolate conv preferred 400 125 % 125% 26% 125% •20% Apr 9 per share 22% July 10 20% Sep 14 63% Jan 6 160 ', Mar 11 No par No par Highest 'share per Dec 112 • 100 per share 8% Sep 28 Mar 13 99 —,.25 W)— preferred Hercules Motors/.: Hercules Powder_/— - • 6%preferred *25% 43% 36 % i" Lowest 9% Dec 28 2'4 Jan non-cum. . V-; 73 % 73% 75 *73 900 131% *130 % 131% ■ 7%r 26 % 23% 16% 75 125% *122 84% 85 (G Jheime - 6% Apr 1 25 __15 _—__ v t I per share Par Hayes Mfg Corp— —— ' Hazel-Atlas; Glass Co-—: 'v Hecht: Co. • JL— 10.400 24% \ ' 23 % *25% 42% 83% *130% , Year 1943 Range for Year 1944 Highest Lowest Hayes Industries, Ino . 70 24% 84 131% 500 *169 25 83'A 2o0 A/V 74% *74 V Range for Previous i*?*'PP P••*• • ' K,c .< *25% *122 125% *43% 24% *73 74 74 21% ' 170 170 14.800 /■ : -• STOCK / YORK EXCHANGE , ; 2,100 ■ 6% 112% 21% 74% 24 75 *73 21%,; *74 *130% 131% *123 *21 74% 170 83 *82% *130 21% 170 23% 24% 24 21% *.73% *169 6% 111% 111% 11172 9% 9% % 7 4.. 6% 111 *168% 170 *167% 21% 9 9% 7% 110% *71% 75 9% 6% 7 110% *21% 111 *110% ' 9% 9% 6% 1107 8 STOCKS '• NEW Shares I p*r share $ per share t p*r share for the Week Jan. 5 Jan. 4 Jan. 3 Sales FHda* Thursday Tuesday Jan. 1 30 Dec w AND HIGH SALE PRICES Wednesday LOW Monday ftaturda# Monday, January 8, 1945 FINANCIAL" CHRONICLE THE COMMERCIAL & 4 6 - July Aug 8 2% 10% .:/ - Jun Jun 29% Mar r I 29% 29% 29% 29% 29% 22% 22 %. 22% 22% 29% 23% 29% 23 % 29% 22% 29% 23 22% 23 y8. 54% 54 55% 55 55% 77 77 76 77 21% 22 22 22 19% 19% 19% 700 55 55% *53% 54 54 75 75 *74'% 76 76 76 21 % 22 20% 21% 21% 22 19% 19% 19% 19% 19% 19% 39% 105% 105% 105% 107% *106% 107% 40% 40 *38% 13 13 % *8% 9 *8% *8% *33% 38% 38% 39% •40 104% 104% 104% 185 185 80 185 185 • $4.50 • . 4'/a % preferred Dec 20% Oct Jan <31% May v 4 11% 75% *74 *74 80% 32% Nov 8 106% Dec 21 3 111% Nov 6 86% Nov 100% 6 165 Sep 7 158% 3 Xj37 Aug 14 Mar 9% May 11 7% Jan 28 29% Apr 104 100 Nov 12% July ■ z;-9% Nov 78% July ,15% Apr 6% 5 168 Jan Jan 8% Oct 23 22 29 '••:,• 17% 75-% 5% 5% 29% 29 % 81 6% Jan 3 6% Jan 27 8% July No par Interlake Iron No par No par - 1,800 International Harvester No par 67% Apr. 25 82% Dec 133% 133 21% 21% 20% 21% 92 92% 91 91 90 2% 3 76 165% Jan- 28 180% Dec 0 Nov 6 Jan * / Jan • 177 Jan 1 177 % Jan 8 ' Preferred -— 154% Feb. 29 \ 3 10% July 10 - 188 Nov 27- 29 % 29% 133% 29% 29% , ■i 28,300 . 91 91% 91% 2,200 . 10% 10% 2,700 -■ 10% 10% 10% 10 % 10% 10%, 10% 86 85 85% 85% 87 86 87 86 86% 43 43 : W' i 44 *42 44 43% 43% 43 *41% 40 • 92 * , 95 • 56% 9 Jan 162 19% 19% 19% 18 % ltt 17% 20% 20% *20% 19% 20% 19% 19% 39 Va *39 20% 20% 20% 19% *143% * 21 20% 21% 39 39% 40 40 40 5/— *143% *143% *143% JJ 18% 20% ■•-' *143'/2 s — ,v/; — 1% preferred-, Intern'i Teiep-Ar Teleg. Foreign/ share ctfs Interstate Dept Stores 1,400 : Intertype Corp^ Island Creek Coal- •'• 900 .. No No No No - 32% July 92 39'% Jan Jun 20- 47 / Aug 28 43 S 1 par Dec 12% 'Jun Feb; 11 7% 13 35% Jan,13 Sep '5* 56% Jan 3 93 Feb. 3 185 117 11% Jan par 121 >: .20 Dec Dec 12 20% Aug 154: Apr 19 4 20 % 4 Jan 29- V Jan 6 138% Jan par' 17 . 15 par -1 45 • 144 36% Dec 16- 45% 3% Jan 37% 138 - Jan 21* Jan 39 28 . 9 • 71% July v 44 60 . Dec 115 • July 16% May 167/a May • Jan Jan 9% Apr 38% July • Jan 6% 3 Jun ' Jan 6% 22 Dqc 11% Jan • Dec 69% V v. Jan 36 Apr July .14% July 102% Mar July 6% May / Jan July 10 20% Dec 4% May 19 Nov - 8% Oct 19 11% Jan par 25 Y 16 Sep Jun July 67 Jan 128 20- 136 ' < Jan 3% 5 Oct Dec 94 7 55% 28- 21% 3 68% ; 6% Jun 19 Jan 66 1 — .80 3< 13'/a Feb -100 - preferred— ;$6 - 2 25% Apr No. par 50 Silver International 3,3004- 18% 18% 21 . /. 5,800 ; 20 Va 18*^8 18 Va 20'A v No - „, — 128,700 ;% 20 Va 39 40% - 700 C ; 18% 21 39% *120- 137% 20% 18% 7a Mar 9% Apr 74% 11% Jan 30 Dec 100 International Shoe— 800 137% *120 ; 18% Jun 13 130 -■ 15 —100 No par preferred—.— 5% International Salt— 200 101 100 ,. 137% 19% 17 101 , .3% Aug 23 3 Jan 4% Jan -100 — International Paper Co ?> 5% conv preferredInter Rys of Cent Am 410 ••/ ; 40% .-■40% 40 V4 40% *97 % 19 18% ■19% 19% ■V "♦120 137%. *120 137% *120 40% 98%' h 99% 39% 39%' 393% 96 • 40- *91% *43 k\. 90% 90% 10% - / Preferred/ 170 ; • 22% 86 , / ' 134 133% 21% :•>: 21% 21% 5% 4 15'/a Jan 65 300 4 5% * 3,900 76 76 5% f 18% 1% Jan Int Hydro-Elec.Sys class,A———25 International Min & Chem 5 &;:*■: A% preferred -100 13,900 h International.Mining Corp 1 26,700 r Int Nickel of Canada^ No par 2,700 3 . 18 Va /// 133% % 21% 21% 38 % July ; 144% 15 —i100 V 270 179% 179% 18 '/a 5% > 30 134% ;; *74 5% 28% % 8% July - 21% Jan July ' Intercont'l Rubber '700 81 ■•• 179% 17% 75% *132% 134 2% 3 3 ■/ 17% Apr Apr 62 40% July 17 105% Dec 15 27 Int Business Machines 19,400 186 186 81 80% 178'/a 75% . 5% 5% 4% 28% *131% Wv.' 17% 17 May 19% July 44% Jun " 17% 17%; 3 3 3 2% May 13 Jan 42% JUlv 12 48 - V/v:4-A' Jan 30- «V 2,000 16% May Jan Jun 71% Feb par —_ 22 158 20 No Corp 4 25 Jan . ' 9% 9% 10 v 186 186 179% 80 170 105 105 Interchemlcal Jan. 8 18% 37. 7, 88% Jan —1 Insuranshares Ctfs Inc 15 77 % Dec 35% Nov 15 par Inspiration Cons Copper > 200 300 6% 9% 9% 186 179% 104% 28,700 9 39% Dec 4 100 par No 30 56 Jan 8 100 1 23 % 'Dec 3 15% Apr No par No 3 46 —No par A 32% Nov 10 Feb/25 10% Jan 25% Jan No par Rayon- preferred Ingersoll-Rand_; 6% preftrred Inland Steel Co__ 1,400 13% *8% *39 7 7 % 7 - 179%' 180 180 180 9 186 80 80'A 80 % 13% 9% 9% 9% 9% a 7 7 7 6%: % 9% 104% 104'% 104% 700 12% 9 40 40 - *104% Industrial 100 84% 1 Indianapolis Power & Lt 2,200 84% 13% 13 12% 8-% 8% 40% 24 100 100 100 3000 ; Leased lines 4%_— ii'ii RR See ctfs series A 1,920 . / v., *160 84 83 12% 12%. 120 , ' 83 % 83 83 82 ' ... 107% 107% iiuiioitr oentral RR Co : 6% preferred series A_, 2.500 105% 40% *105 *160 *160 *163 ; 84 *82 105% *105% 39% 104% ; 1 40 7a *105 105 *105 104 103% *165 40 A 105% 39'% 39% *104% xl9%. ■Ly -20 Idaho Power .Co___— 1,800 37,200 29% 18% Sep 29 IOV2 Jan •"•/• 18 Jun July 27 27% Jan 32% Apr 145% Jun Dec 4 135 - Jan •••'e':r •]t'-:-/v;";'U';v^x4;.'::.A J:'- Yi'y* V 13 Va i 1 No par A 27 107% --——100 84 % 2,000. ft Johna Manvilie. Corp.— No parr ,..30 500 44, Johnson Johnson. ; 12 Va 2nd preferred ser A—100 •107% 90»r Joliet & Chicago RR stamped 1004 / 300 18 18 36% 37 *36% *36% 36% *110% 111 110% 102 101 102 *31 31% *31 110% 110 110% *93 97 r > 36% 37 : *110 Va 103% 80% *93 / 81 110% *110 - 97 / 29% 47,200 80% 700 95 *79% 81% 80 *92 94 91% 92% 95 97 95% 96'A 94% 20 20 19% 19%' 20 20% 20% 20%' 20'A *20% . Jarvts (W B)<Co——: JeweL Tea Co Inc— a-,preferred. — , 28% 80% 29% *80% : 32% 32% 32% . 102 102 4 500 y / 112 *110'/a 97 29 29% 80 37% 37 /• !, 110% *110 *93 28% 28% 80 36% 112 103% 102 32% 32 97 *93 27% -• 110% *110 97 28 27% . 112 *31% 32% *110 *90 . 110% 102% 112 101% * ;•>■ Jones & Laughlln Steel——No par 5 fa-, pref series A— : —1C0 .; i pref series B.couv 5% 2,100 1 21 112% Nov Feb 15 105 Nov 27 Sep 29 May o Jam 3 < 9% Jan 99V8 Mar Dec 34% Sep 111 95 J, 28 Dec 26 > 15' 16% July Feb 70 ■34 *: 92% ; 79 Aug 26% .Apr 9 78 May 25 •• Aug 30- 19'/a Jan 29- 54- 29 64% Dec 8y« Jan < Nov 93 Dec 20% Dec Sep 25 Dec 14 July 109% Aug Jan ,80./ Dec 4 10*8 Jan 18- 38% Aug 28/ 27 v 3 66% Jan 100 l Joy Mfg Co 1,900 3 22! Jan 20% Jan 58 18 % Jun Jan Apr 16- - V 65. Apr 82 Apr 12% < Jun -v'. ' 20% 20% *20 *116 117 ■ 14 Va *36% 36% *19'A 20 Va 20 14: —— ■ 18% ■■/'■' —w /■« m-v*!-' ' 36 % 36 36% 36% 20% 20 % *19'/a 24% 24% 24% *22% ' ' 38% 23% 23% 38% 39 34% 34% 33% ^.^1 - > ■ 37 37% • . ' 3,700 J v./: .: *23% *39% 39% ■'••;* 9 8% 75% /;:/ 8% 76% 34% 34% *103% 108% *108% 27% 27% 27% 21 '/A T—< 0 CO 33 Va *108% ■<! 27 74 78 27 280 '■■■:) ' 74 500 9% 9% 10% 10 39 39% 39 Va 39 Va 38% 39 38% 39 1.500 37% • •• 37% 37% 37% 37% 37% 37'A 37% 9% 4.800 92 90 9% 9% 9% *10 9% 9% 91% *89 31% *31% 31% 31% 32 32 32% 32% 91 91 9% 9% 9% 89 91 460 90 *30% 31% 30% 31 31% 31% 32 32 49 *48% 49 % 49% 49% 49% 50 50% 50'A 12'A 12 % 12% 12% 12% 12 12'A 12% 12% 31% *30% 31% 30% 30% 29% 30% * 31% *125 7% 8 7% • 129 *125 130 *125 130 7% 7% 3 2% 2% 38'A 37% 38% 38% 38% ;.37% 38% 37 % 20 20% V 20% 20% 20 y8 18% i 2% 38% 2% 18% 18 18%"- 18% 52 / 38 7% 3 52% 52 Va 52% 5214 7% 7% 7% 734 *49% 51% 31 129 7% *125 8 Va 8 2% 81.000 2% 2% 2% 38% 38 40 37% 38% 39% 38 % 39% 20% 20% 20% 20% 20%. 18% 18 18'A 18 18% 52% 52% 5?% 52% 3.900 6,200 8Va ' (S S) 49% 77% 78 78 78 78% 78% 182 *32 *31 35 ' 49% 43.%" see page 123. 79 *78 % 79 79 78% : *48 ' ' 200 3«2 182 181 34% *31 49% 50% 50 50 % *48% 45% 45% 45% 1 *32 45 35 l.s-no 49% 45 !; , 1.500 13% Jan 26 ' 111 May 18 ■: Gas Lt 24% Jun L:nic Belt Co 113' Apr 37% Dec 30 28% Jan 35% 7 24 Dec 15 15% Jan 20% July 4 42 Oct 25. Jan .. r.. . ;34 Apr July 20 1% Jan 78% Dec 6 34% Jan 58% July 21 34% Dec 29 108% Dec. 22 Feb; 17 Dec 9% Dec / 6% July 22 27% Nov 18 18% Jan 24% Sep 10% Oct 7 23/4 Jan 10% Apr 27% Jan 4 Dec 29 23 Va Jan 32% Sep 31% Jan 4 247/a Feb 32% Nov 9Va Jan 22 9% Jun 3 39 37 % Nov 20 13 17 Jan 4, 16% May 104 35 Jan 73 Oct 17 x31 % Dec 14 17% Jan 29% Jun 19 31% Dec 29 19% Jun Apr 24 49 % Dec 11% Jan 26% Jan 38' 8 Co.—10 25 21 -100 113 : May 31 15 3 12% Oct 31% Dec 29 20 39% 9 Dec 29 July Jan 120 Dec 18 107% 50 4% Jan 3 8% Dec 26 2% Jan No var 50 1 5 1% Jan 29 2% Dec 30 18 Jan 2% —1 8 2S Jan 7 127 15% Feb 4 39 % Dec 4 38% Dec 21% Jun 21 19% Dec 7 11% 9 18% Jan 5 17% Dec 27 Jan 3 42 6% Apr 24 8 39 Jan 68 % Jan 3 67% Ja,n 13 174% Jan 8 26%! Feb 3 Jan 20% Jan 32 14% Jan 8% July 20 5 Jan 49 % Dec 28 30 Jan 83% Jun 27 86% Jun 26 Nov 15- 32 % Dec 28 36 Apr 25 52 Dec 9 /No w* 37 Jan 6 44 Dec 20 22% Jan 31 Jun Jun July Jun . 53 % Aug 21 182 July 8% May 24 19 29% Jan Oct Dec Jan 8% 5 Apr 26 Jan No par Wks„; v 14 Apr 17% Jan lNo par — / Jan -23 _aX00 — Lily Tulip1 Cup Corp Lima Locomotive Jan Jan Sep Sep 24% May 16% May 108% Dec —. Myers Tobacco _•_ 102 Apr 17 11 (pew)f—No par Life Savers Corp__ ei Jan 8% 19% Jun 29 115 May 8 29% .17 ; 28 3 26 Series B 14% 29 Jan / Jan Apr 25 Co— Coro Dec 7.% 11% • Sep Aug 10% 32 62 Stores 11 Aug 31 19% 127 Jan 54% Jan (The) Lerner 19 39% Mar 11 20% Dec x26 Jan Dec 5% No par : /Preferred "... •31% Mar 121 Feb 10 —_1 100 100 No par Lane BryantNo par Lee Rubber & Tire——:—-——5 . 170 181 Va 25 preferred— 5% luggett 2,900 ' 44% • 900 ' Jan 20 25 28 6% Jan j100 L Llbby McNeill & Libby— 22,700 79 35 49 42% footnotes 'A 78% 35 49% For *48 78 184 42% 52 52 78% 79'4 *31 49 - 78 *182 42% 8 *77" 183 183 182 50 50 49% 77% 77% 7% 4 Feb No par Co_ ■ 8 par _-_10 Libbey Owens Ford Glass—No >par 3.500 .; No Lehr. & Fink Prod Corp— 1.800 5934 7% 7.800 r 4% Kresge Dept Stores Kress (S H) & Co par .4—1 Co... Co Inc/--— preferred-^—— Coal & Navigation Portland Cement 4% conv preferred.. Lehigh Valley RR— Lehigh Valley Coal— 6% conv preferred ^ Lenman Corp (The)-: 47.900 8% No prior preferred— Lehigh 129 38'A 38% 7% 30 *125 $5 Lehigh 1,700 ; (G R) Kinney Koppers Lambert Co 24,200 . 19 Jan 17 19% Jan Laclede - 800 12% 4 13% Feb No par Kroger Grocery & Bak 600 31% 49 *30% f • 1.900 33 19% Jan *12% 21% Aug 18 14% Dec 9 Kresge •' 3,000 10 124 3 29% Jun / 900 10 % : 27 % Jan No par 7. 1,900 V 108% No par pt pfd A 27 Dec 6 Keystone Steel & Wire Co Kimberly-Clark Corp—; 900 / 76 __1 B Class 16% Apr 117 Kennecott Copper <■;.; 1,100 v 8% 75 Va 33 - V . Dept Stores & Co Kendall Co $6 10 500 90% 31 % Kayser- (Julius) 33,300 23% 9 non-cum; Kaufmann / 38'A 39 76 preferred—_—100 1 5 Kelsey Hayes Wh'l conv cl A__ 1 4 % •: 900 .»■•■•■ • 23% Va 8 No par City Southern—_j_No par 900 187/e 39. 108% *9% A.-. 23Va 10 Si Furn.; City P & L of ser B 200 37% 38% Kan Kansas • 1,000 A 237/a *108% ' ■ 9% 39 * 33% 27% 39 37% 27% 108% 27 % 4 • 2,4% *113 75 Va 75% 34 36% 18 Va 18% / 17.500 23 23% 80 14% '2)1 24 34 8% 75% *19 20% 18% 38% 38% -- *108% *9 % 37% 38% *8% 76 36% • 37 Kalamazoo Stove 800 z: ' 24 % A 9 9 ; 14% 14% *113 *38 24 Va 38% 20% 118 *117 23 18% *113 *23% *23% 20% 20% 118 24 24 23 18% 18% 115 37% ' ■. —. 23 23% 18% *112% 37% 75% 13% 14 Va 20% ■ 115 36% V. *19% 36 23 18 115 *117 *24 C <-•: 25 23 • '< * ' *24 20% 117 14% 13% 14% 20 117 20% 117 *116 ■ ^-4 . 62,. Dec 62% Nov 171 Dec , 43% Dec 8% Jun 41:4 July 71 73% July Jun 182% Aug 28% May 227/a Jan 24 Jan 44 May 34% Jan 43 July ' ■■■■'■■ ■ ' ' • • : t ■ ' ! - - .......... RECORD NEW YORK STOCK Saturday" v sttare per per v y vwre f snare per per 20% ,20% 20% 2J% 29% 2J% 30 20% 20% 21% 21% 22% 20% 50% 50 % 79'A 51' 15% 16% 15% 16: 42 41% 42 18% 18% 19 V4 <41% 18% >79 •; •43% 19% 19% ' 166 166 23% 47% 47% 48 32% 32 Va 32% 108% 108% *107% 16% *16% 17 16% 16% 22% 20% 22 20% 20% 9% 10 <13% *24 24% <23% 24% <3% *14 24% ' * 7% 7% 17% 17% 17% 17% 17 17% 17% 19% 19 Va 19% 19%' 25% 25% 25% 25% 19% 24% 25% 10% 11% 10% 41% 41% 41 28 28 23% 24% >25 > *40% *41% *40% 32 31 31 20% 19% *51% 51% 52 52 28% 28% 27% 28 Ve <103% 104% '104 Va 13% *17 % 17% *17% 13 1,200 ; 52% 53 27 27 % ' 13% 13% <110% 111% 17% 17% 13 12% <98% 94 94 >15% > 16 55% 55% > 54% 36 36 <35 36% *36% 1.200 13 5,400 10 94 100 '94% :• 35% 35% 15% 16 15% 15% 54% 54% 54% >55 1.100 36 -> 16 54% 35% 35% 4.500 320 > ' ~ 36 36% *35 >■ 37% 37% 107% 100 38% 37% 37% 106% 107 35% <33% 36 <34% 37% 37 107 107 107 107% 18 ' 1,700 107 360 8 107 * 36 36 JO% > 8% 26% 17,300 3o»/2 26% 36% 36% 36% i-'.:' 137% 53% 53% 53% 54% 55 Va 17% 18% 18 18 V4 18 18% 17%' 18 2% 2'A <43% 44% > 113 <111 113 6 23 51% *114Va *34% 33% ... 116% 111 51% 23% 22% 22% 23% 2SV4 25% 25%>> 25% 25% 32% 32% 32Va 32% 33 <32% <96 23'A <22 *80% 82 *79 13% 13% 13% *52 ■ t 1 '* 23 : ,< 9% 97 Va <98 99 22% 22% 22% *22% 22% *115 13 % . . 55 115 53 *51 ' . Motor .Motor f 22% 84 3,800 . 13 53 ^ ■>•>• $7 15% Jan 22 69% 15% 38%: 38% 3 ix/2 37% 37 38 Va 20% 20 Va 20 Va 20 Va 20% 21 VA >>■ -V Km :t>' 9% 9% %>>>> ' - 23Tb • 15% 23% v: > 9% 9% 11% > . 20% 15% <181 185 10% 15% 20% 20% July 28 Jan 37% 19% Jan 30% July 38% May 27 108 % Dec 20%:, 13% 13% 13 3 4 13% 14% 14% 14 % 13% 34 33 33 % 32% 33% 33% 34 % 14% 14% 14% 14% 14 Va 14.%,. 13 % 13% 13Va 13% 13% 13 13% 13 13% 25% 24% 25 24% 25% 25 Va' « 25% 25 25% 231 23 V* 23 23 3 b 23% 24% 14% • a 11% ^ . ;>»ii% 12 36% 36 36% preferred •Li 103 Va 24 % >> 24% •;.■•', <177% % 16% *32% -•':«- .33% 7 % V;. ••••>■■. *32'b 7 V4 *68% 21 21 211/4 7% :>•' s69% •; 13 103 104 • *177% 159 33% *32% .33% 7% 7% 7% > 69% ■ '• 7% 69 % 70 15% > 15% 15% 15% 16 15% 15% 27% ♦ 27% 27 V4 27 Va 27% 27% :> 27% > 94 V4 93% 94 94 94 94 94 *98 99 10% 10% <104% *64% 66 <105% 34% 18% 11% 105a 10% 10% 17 VA 17% 17% 1.7 17% 31 31 31 % v *30 *103 10% 105% 66 *61 66 66 108 <107 108 <107 106 <105% 106 *105% 34% : t'-1 35% .19 19 footnotes 105% . *61 106 F**v 100.. 11 "a <107 - 108 *107 94 10% 31V4 see iiage 123 35% 19% '. :••, ■•- ' ;■ ' 600 1.700 - . 700 - 36,400 6% ■ 15Vb- 15% 27 Vb : . " 600 60 12% 5,900 10% 16%' <30% 50 100 68 66 <62 108 108 108 20 105%- 105% 105% 30 35% 34% 35% 35 35Va 20% 19% 20% 19 19% National Ojl Products Co National Power &, Lt—i Corp : ' - .-4 No par :25 10 -40 10 _100 (The) Pa preferred conv preferred 6% prior preferred National Tea CO: No par $2 conv 5%% prior —No pa\ -No par —I serial preferred 100 (J J) —No par r— Neisner Bros Inc 4%% conv Newberry Co 5% oreferred series A__ New Jersey Pr & Lt Co 4% 1.300 . -10 ; Natomas Co . 19% Co-J. preferred A_100 6% preferred B— -i 100 National Linen. Service Corp ;_1 Nat Mall ft Si'l Cast Co No par Nehi Corp 300 <103% No par 7% 6.900 . 31% 35 V4 National Lead r 3,300 16% _1 No par --No par , National Supply 4,400 10%. "■ Jun % Jan 4% July Jan 6% July 9 Jan Dec 2 9"% Jan *17 July 22 14% Dec 24 May 30 3% Jan May 17 Sep 18 % Apr 7% Jun 31% May 20 13 43 % July 22 Jan 32 19% Jun Nov July 27'A Mar 9 165 Jan 176 Aug 67'A Dec 28 37 Jan 60 Sep 2% 44 Feb 100 " July 10 Jan 21% IDA July 10 Jan 7% May 36 ' 11% 104 Jan Jan Oct 110 12% Jan Sep 22% Aug 17% Sep LI3% Oct 19% Jan 29 8% Jan 16'A May 38 % Jan 50% Apr 14% Jan 25% Jun 6% Jan n% Sep 6 Sep Newmont Mining Corp 8,500 Newport Industries > inn pfd_100 10 - 16 17% Apr 19 >. Jan 96% Jan 9% Apr 106 % Jun 120 16 19% Dec Sep July 19 2% Dec 19 12 Dec 13 107 Feb 110 Nov 13 107 Nov 113% Feb Dec 21 9% Oct 5 3 Jan 8% Jun 114 Dec 113* 112 30 64% Jan 13% Jan A or 98 23% July 10 25 111 Jun % Jan 29 6% Dec July July 3% Mar 18% Dec 29 3% Jan 11% 39% Jun 26 17% Jan 30% NOV Oct 1» 75 % Dec" 25 88% Oct 9 Apr 92% Jan 24 113 Dec 7 116% Dec 121 Aug 29 53% Nov 10 106% Nov 114% 33 % Jan Jun 119 119% Sep 117 113 31 % 13 Mar Apr Aug 50 July Jan 39% Oct Jan 27% Jun 9% Jan 17 Jun 30 11% Jan 18% 18 Oct 42 21% Jan 31 Mar 2% Jan 7 Jun 3 Apr 10% Oct 11 Oct 17 53 Jan 77 Jun 3 15 Jan 23% Jun Nov 6 62 Apr 79% Sep 116% Feb 24 111 July 100 24% July 84 117 14% Aug 24 5% Jan Aug 11% July 6 34% Jan 44 53% Oct Feb 5 6% Jan 15% 41% Dec 22 2314 Jan 40% Apr 20% Dec 30 13 Dec 19% Apr 19% Dec 20 July 17% July Jun 5% Jan 11% 13% July 12 8% Peb 12% July 15% Dec 21 8% Jan 13% July 13% July 10 15% Jan 23 Jan 176 July 24% Dec 9 181 Dec 14 21 Dec 21 16% Nov 21% 17% Apr 18 5% Jan 10% Dec 30 18% Jan 29% Dec 23% Aug 21 10% Nov 13 % Aug 34 162 Sep Jun Sep 14% Oct 14 9% Jan 14 %i May 25% Dec 19 14% Jan 21% July 24% Dec 20 6% Jan Mar 15 12 • Dec 37 14% July 104% Dec 9 % Mar 15% Sep 32 Dec 36 Dec *25 % Jan 14 17% Jan 5 11 Jan 11% Jun 70% Jan 90% Nov 37'% May 24 6 29% Sep 14 Jan 181 Dec 14 160 Jan 178% July 159 Dec 22 137 Jan 150 Jun 25% Jun 27 20% Dec 22% July 17 23s Jun 27 28 4, July 20 17% July 10 14% Jan 22 May 27 Nov 36 Jan 2% 52 5% Jan Jan Jan 7% Jun 64% July 15% May 30 % Mar 16 14% Jan 28% Jun Dec 29 57 Jan 80% Jun 98% Dec 20 62 Jan 88 11% Nov 2 95 11% July 12 18% July 11 2% Dec 16% Apr 24 Apr 30% 70 56 Jan 106% Dec 15 104 Dec 11 27% Apr 4 34% 31% Jua 5 1 Jan Jan 7 22 July 32% Mar 26 Jan Jun 11% Feb 4 24% Nov 20 79% Feb 4 83% Jan 6 5% Jan 3 9 ' Mar 4 13% Jan 3 42 Sep 4% 5 % Dec 57% Feb 12% July Jan 23% Jan 7 5 Jan 25 53/4 34 28% Apr ( 5% Feb Sep 34% July 18% 46 8 2 Feb 25 Jan 18 Dec 30 Feb 58% May 29 7 87%'Jan 11 Jan 7 Feb 78% 27 Aug 23 144% Oct Jan 4 May 18 19 164 141 Apr 89 Jan 20 Ve 8% July 4 xll%Feb 11 19'A Jan ; 3 13% Jan 29 • 11% Jan • 5 30% Feb 3 *26 Jan 25 9 Feb 5 10% Jan 60 28% July 10 26 27 , Jan 673/4 39 14 13 : 4 Sep 14 . 9,600 , 27%'' 94" 11% 10%. 8% 3 Vb 27 24% Dec 26 Gypsum Co 1 1 $4.50 conv preferred—>No par National Steel > i 99'A <98 : Mar 176% Nov xlO preferred10 Products——No par 2,100 - 105% 20 170 157 - . >>93 . 11% 105 % Dairy Products National 4,700 3- .21 'A ~ Dec 24% Mar 12 1 Nat Enam & Stainning • 490 : • 1 •: .27% 11 *30 .s 7l5%vV 99 *103 >24% ' 16% 31 ; 34 :;•> •. •-; 33% 7.%'. >> •>•7% > 7% ':;• .70, V- :-70% .69%: r" 99 VA " ■ 16% *98 V4 . ' 500 102,:; / Apr 1 Aug 10 29 —No par Register Nat Distillers 8,500 33% 16% ,16V4'7 %>" :?1 98 : 17.600 .<39 > > 40 177%" 10% 16% 200 . V ' 11 ,10% 16% >' 24% 178 V4> •> 177 Va 157 159 ' 98 10% *29% 7- Cash 10.400 - Sep 19% 51% May 17 9% > 20% 165 > 18 8% 10 — National Dept Stores 102 12 Jan 15% 320 25% Dec 25 Jan 10% Nov No par Share Corp Nat > Jan 14% 20 Jan 5 Jan 3 Dec 27 ; National Cylinder G is Co—— ' • & Nat National Can Corp 33 33 : Bond '1,400 12,100 2,500 - Jan 6% 16 5 21 Mar 1 Feb 17 Jan 3 -Apr 18 !— 11,300 . 21% 22 21 % '' Co preferred 25% >>,24 24% : '.,16%' 7% . "4(T» 3% 13 8% Jun 28 13% 18 9 10 _5 -i0 100 Corp Aviation 13 Vb > 103%% <157 16% :* conv National Biscuit •' -24 6% National Nat 13.%> >>>•13 ,*177% 159 <16 : ' 24% 178 y4- Fibres Inc preferred Nat Automotive 100 > . Notional Container— ' V 69 69 40 24 . 157% v • 39 13 \\ 103 Va ' 180 157Va 16 21 24% 24 177 Va 159 16 . > >16% 180 *157 103 % Y * >37 : 39 13% • Co Acme National Airlines 4.400 23% 29 Dec 4 11% Apr 24 100 1 —1 1 Louis 1 St. & 7.100 > Nov 24% Oct Aug 12 May 24 Nov 24 8% Jan 3 43% Jan 5 5 Corp Chatt 7,000 *12 .12%: 37% 37% r ,■>>37'% 12 12 Nov 10% Dec 20 70 110 -No par •14% / V3' Jan 15 315 16 26'A Apr 19 4% Jan 4 72 Jan 4 100 10 & Bro 2.500 21. ••>-14%'. 10 12 33% Dec >.,.33% .33% 24% » 24 .-.'• 36% 36% 13% 103% 13%;;.: 13 37 13% > 12 *11% . 36% 37 >;>: 103% • 12V4 Ll.'" "... 37% 36 ...) • . 14% Jun 21 Oct 25% Dec National 400 - ,14% >14 V4 - 138% Nov Jun 19 22% Dec 391 Nov 25 • 1 .—>-1 No par .-No par No par Co__. Brass Nashville ; 182 20Tb ■ . - Jan 5 16% Jan 5 Wheel Corp Nash-Kelvinator 15% >; May 133 16 Mar 13 May 22 Sep 28 Jan 19 Jan 13 Feb 5 Jan 3 Jan , 3 Jan 3 Sep 7 Apr 25 May 22 No par Products Corp— Myers (F E) 100 24% 24 182 33 » 12% 15% — 185 ■ *20% 20% 1.0%, 24Va 24 24 Va 23% *181 Vb ;•">., 18 V4 <12 29 13 15 26,700 18 % 12 20% 11 Dec 27 >1,010 6,800 6,000 6,300 : 21% , 10% 12 15% >-:. 15 15 VA 24% 184 *181 : 20 3% 20% 9% 11% 19 18% 19% 18% 9% 12% «.>-'> 24 Vb 184 *181 -iy'..', >>21% 21% July Nov 24% Jun (G C) 4%% preferred— , Murray Corp of America 70 38'A >39% 38%. - > / 21% ■ 15V4 *15 9% *11% ■■ 1 12 12 19 VA 19 19'A 19 38 79 Dec 35% Dec Murphy Co 8,100 16 15% Oct 48 Nliiill©SS 16Vb 16 Va 16% 15% 16% 15% 16 31 / Jan 21 % Jan 11 15% Jan 3 1——— Munsingwear Inc_. » 300 53 >■ 4 Dec —50 Essex & M"hins Mfg Co class B . 400 . 114% ;• 13 , 163% July 22% July 107% Jan 5 41% Apr 26 35% Jan 11 Mueller 30 84 '■>: *113% 13% 13% 13% 13% *52 > ■ 99 *22 >.> Jan series C No par & Co —No par (John) & Co——No par preferred Morris 1,400 v*i 9% » 99 84 115 115% 2,200 T:V, . Montgomery Ward Morrell i 3.200 25 _10 No par No par A B " *82 ' 83 83 83 200 32% 9% >,:>• 9% 9% > ser Preferred series >> $4 27.700 ,/••> preferred $4.50 60 23 24% 21% Jun 148 % 30 114 100 20. No par Tool Mach Monsanto Chemical Co . 12.420 32" > 97 % 55 *52 55-.. 23% 25 Va 33 Va 10 115% *115 115% *115 .">■ - 24% 33 ■■ 9 Tb 97 <96 97% <22% 9 TB >: 10% 10 >> 23 Oct 148 6 105 108% 107 6% 93% 17% 2% 8% 29 19% 74% 111% —No par preferred series A Carpet Mills 1% > 37 23 16% 24% Oct 36% Apr 26 , ? 10 •. Mo-Kan-Texas RR ■»-' 90 41 V4 34% % Corp Mission . Monarch 60 3>'< _100; preferred series C—_—100 4 7o preferred series D_, 100 :> Minn Mollne Power Impl— —1 $6.50 preferred : .—No par . 51% 41 Va 35 „ 6 Apr 23% Sep 27%'Jan 116% Jan 46 Apr 12% Oct 1% Oct 4% % 700 : 51% 34%- No par . /Mohawk ■:■:.>>> 115 11 % May' Jan 111 52% Feb 4 4% Mar 6 >32% Mar 10 ——5 >•... Minn-Honeywell Regulator 4% conv pfd series B 540 113 41%' 25 22% 111 •■i, V > vtc B Class 2.700 51 51% 41 'V"-'-'->■<40% 34% 35 *114Va 114Va ; 34.300 111% ;>> <110% 114'/a 51% Jan Nov 20% July 13 165 Dec 29 ; 10 .-No par 8% cum 1st preferred 100 Minneapolis & St Louis Ry—No par Minn bt P & SS M A vtc_„No par y. ' 81 80 Va 111% 111 ; 26% 26%. > 81 34'b 50% *40% 41%> ■ 2fe% 113 *111% „ Products Steel Midland 31.400 19% 36% 36% ,37 v4 80 111% <110% %> - 26 79%. 79% 111% 51 % 50% 41 Va 33% 51 27% *26 •, 111 33% 6.300 6% 6 Va 18% 200 • >>-; ■ ' 80 114 ' " 6% 24 23% 19%: 18% 37 7.300 .7% 109% 24% >>> 5% 18% 35% 114 % <39% 6 I8V4. <110% 116 •■■■% 70 111% 7% 109 V4 23 Vb 36 lll'V 111% 110% 110'A 8 Vb 109% 24 534 Va 25% V4 •79% 113% *114% 6 30 ——— 109% • 7% 111 22% ' 80 79% 8% 7T'0 *109 4001 ; ' 18% *35% 25 % <25 111% ;•<•> ' *110 % 36%.... 17% 35% *111 *110% . 18% <35 111% 7% 6 6% • 18 *110% 22% 22% 22% 22% 113 Jan 6% 18 Vis * ; Petroleum— Mid-Continent 1.800 113 <110 *110 111 *109 111 210 44% >:> •>>>."'44% 113% *113 Va 45 *44% 113 par — Copper Miami . 7.500 2% 2 Va *110 7% 7% 7% 2% 18% 111 111 *109 > 37% Dec . 1.400 > 57; 17% 113 *110 ' V 55 >>>' *113 -— . 137% 2 Va 45 45 *113 - .. 2% 2% > 44 44 *113 *110 , 2% 2% <113 137 138 138 Corp • 1.200 ' 138% 138 137% 53% *53% 36% > 36% Dec Jun 16% Dec 106% Mar; 7 > 110% Doc 13 29% Oct 16 19% Jan 5 21 Jun 28 McCrory Stores Corp —I ■> 16 Jan 13 112% Apr 13 5% conv preferred w w__ -100 109% Feb 23 32% Oct 7 McGraw Elec Co 1 27 Apr 27 22 Dec 8 McGraw-Hill Pub Co— No par i4 Feb 29 55% July 6 Mclntyre Porcupine Mines 5 47 Mar 20 28% Nov 13 McKesson & Robbins Inc _18 21% May 1 104% Dec 5 $4 preferred i —.—No par 97 Apr 18 13% Oct 14 McLellan Stores Co_ —-1 > 10 9 111 Dec 19 5% preferred 100 103 Sep 14 19% July 20 McQuay-Norris Mfg. Co._.——10 16'A Aug 8 13 Dec 15 Mead Corp —No par 8 ' Jan 3 100 Sep 8 $6 preferred series A No par ;> 82 Jan 4 94 Oct 6 ; $5.50 pfd ser B w w No par 70 Jan 3 38% Nov 10 Melville Shoe Corp —1 31% Apr 28 16% Dec 23 > Mengel Co (The) ' 1 8% Jan 4 55'A Dec 29 :> 5% conv 1st preferred 50 37 Jan 4 39 Aug 10 Merch & Mln Trans Co No par 25 Mar 1 38 Dec 9 Mesta Machine Co : 5 27 Jan 3 107 Dec 20 Metropolitan Edison 3.90% pfd—100 107 Dec 20 8.700 26% "26% 26% 54 138% <136% " 8 8Va 8 27 36 V2 26% 64 % July No par preferred 1st cum McCall ' 26 26 8% 8% 7 Tb 7.% 7% 25% 25% Mar Jan ._ 100 15% : 54% 1,400 111 'A 54% 35% 35% 35 35% 15% > .14% 12% ' 15% 200 18 v?; 94 94 105 % <14 100 94 3,200 <98% 13 100 1,000 27% *110% 17% : 37% 12% *98% 600 52% 27% 105% 104% 104% 700 21 » :•>; 52% <20% 52'A - 32% *20% 20% 104 % 116 32% 21 14% 12% 35% 36% 20'A 31% 111% 100 > <92 Va 93% *107 28% 20% No Wks preferred— — $6 28% par —100 May Department Stores— i 10 Maytag Co : —No par $3 preferred-;. No par 100 500 <112% 14% 17'A *98% 93% 41% 20% <110% HIV4 12% 100 100 *104'A 14 "110'A 12% 1,700 • par 1 Alkali Mathieson • 4,100 • —No No , Elec Co_ Master 1% 9% 28% 31% 32% 27% 27 1051/4 13% 111% 3,200 66% ' 13% 24% • *40% 116 *112% 116 32% *51% *110% 2,700 <110% 20 20% *112% 32 19% 21 20% 27% 1 Co L) Corp— Corp__ Masonlte 100 No par Martin-Parry ,1,900 66' 41% 28 28 20 20 Va 116 112% 116 28 27% *20 20 Ve <19% Martin 21,200 >•:•: 8% *110% *110% >>>> 27% 28% <27% <112% 15,100 11% 41% 24 • ,66% 9%T >40% 41% 41% 41% 110% *110% 9% 9 9% 9% 5 prior pfd & Co— (Glenn 26 *175 8% 1 Corp_'. 6% Ry Marshall Field 11% 24%' • 65% 67 St Market 5,200 21% Nov 44 10% Feb 14 18% Feb 24 > 2'A Jan 19 6'A Jan 3 >12% Jan 5 13% Apr 27 16% Jan 3 4% Jan 3 37% Apr 4 25% May 5 19% May 2 170 Mar 2 ———No par 1 —25 Midland 2.890 19% 25% *175 66 Va Marine 40% ; 28 27% 24% 50 —1 ' 12 24%' 24 -10 Exploration, 18% 17% 41.% *175 v y ( Bros 27% 11% 41% 28 *27% .• 66% 66% 9% 8 TB ,V Sugar Maracaiba Oil -27,300 8 «/8 -No par Co__ Manhattan Shirt 300 6.300 • 241/4 24% Manatl RR Co ' 4 ;f,.v >19• 25% 11% 41% 41'A 28 *27% .66% *65% 11 41% •175 *175 . > 107/b 100 Copper—-— Maude! 11,100 •24% 8 >•' i 15 24 %' 19% >' . Magma Mahoning .Coal >10% :£<■: 3% 17% 19% '19% 460 9% 8%- 8 8% 400 9,200 >14 24% ' 4 > 3% ' 16% *350 15 Co Inc___l—+-No per 4%% 20% 10% - *24'A ■ Macy (RHI 16% 4b0 . 14 4 7% 7% 7%, > 25 3 Tb 3% 3% 3%, . 10 10% 15 > 10% 15 *350 460 *400 460 ■400 15 6,600 .19% - Jan 12 % 53 135 Feb 21 34% Jan 27 X26% Aug 1 104 Jun 6 14 Jan 12 14% Jun 9 315 Jan 21 6% Apr 24 100 No par pfd series A Madison Square Garden 15% 42 % 3 25% Apr 10 preferred— 32'A 21% July ; — Trucks InC_, 108% 16% >> ' 6% 31% 20% M ;; MacAndrews & Forbes Mack *107% 17 10% 900 per thare Jan 81% Dec .17% Apr 29 100 12% 23% Nov 3 Jan Highest $ per share 22% May 17 30% Dec 15 151 Jan 5 20% Jan 12 69% Jan 3 No par 2,700 32% 20% 470 . 8% Jan 28 ——.--10 -—100 49% 108%. 32 <107% 17 10 , 148 48% 49 48% 48% 32 *13% 1,600 29% *143 148 *143 148 47% *400 > 600 - >;>> 20% V 29% : 110'A 29% 29% 29 32% "107% 23% • preferredLouisville Gas &• El A Louisville & Nashville—•, 1% 10 ■ • 47 % 107% '>>>.: Highest 14% Jun 7 58 May 1 40% Feb 24 ;; __ Year 1943 Lowest f per share 17% Nov 20 19% Jan 13 -——-No par Lone otar Cement Corp No par .Long Bell-Lumber A_ No par Loose-Wiles Biscuit 25 Inc Loewxf f Lorillard iP) Co„ 3,800 19%: 109% 110 109% 32% *107% "1,800 168 *165 166 23% '23% 23% *143 148 43% 19% 111 28% 29 *143 148 .. 1,800 >" 9.700 44 ' 23% 110, V'., 16 ' 43 >' 19% v 5,009 51% 15% Liquid Carbonic Corp__ Lockheed Aircraft Corp 2,700 46.000 78% '51 ; *164% nr <28% 29 143 16 43 >••%">•>> *25% 51% 16 19% > 23% 23% lil 110% 110% 51% 16% 42% ■ 1(56 %64% 24 <23% r 51 T > ' 78% • 166 *164% » 51 > >>" 16 22%. 77 79 79% ' :■> > 791/4 80% 50% ' 30% 21% No par No par —1 .Lion Oil Refining Co 1,900 20% 30 % * 30% 22 % Year 1944 t per share Par Shares share per Range for Lowest ' EXCHANGE the Week , 20 20% " 21% 30 ' 79% S share per 20% 20% 29% 20 * i snare 29 % 20% Jan. 5 Jan. 4 Jan.3 . Range for Previous STOCK YORK ; NEW for Sales Fridav Thursday Wednesday ■' ■:> Jan.2 Jan. 1 Dec. 30 $ Tuesday STOCKS SALE PRICES HIGH AND LOW Monday 119 FINANCIAL CHRONICLE THE COMMERCIAL & Number 4349 Volume :161 2% Jan 6 Jan 9Va Jan Jun 7% May 10% Apr 19% July 20 16 Jan 25% Oct 74% Jan 98% Nov 37 Jan 57% Sep 5% Oct 26 8 Nov 6 110 Jan 22 106 Dfec 26 106% Mar 114 Aug 35 Dec 29 26% Jan 37% Apr 22 July 10 10% Jan 19% Oct • T-esday. Saturday Jan. 1. Dec. 30 S t per share par share 23 % 28% 35 35'/a 35% 44% 44 168% "163 "85 22% 21% 39 39 39% 39% 39 224% 227 % 229 600 39% 224 234'% 1,380 , N 54 "105% 20% 19% 20% 36,700 54% 55 54% 543/4 54 54 54 11 10% 11 "53 54 10% 10% 20% 21%. 20% 20 % X20 % 20% 53,700 "113% 1143/a 100 33% 8,100 213%. 114% 113% 113% 31 31% 31% 32% 33 34% 33% 33% 49% 49% 49% 50 50% 50% 50% 50% 114% 114% 114% 114% 6% 6% 6% 6% "6% 6% 6% "50 "a 50% "50% 50% "50% 50% 50% 13 "13 13% *108 108% y ' 12% *108Va 108% 1,100 63/4 :50 50 Aviation —1 North American 1,300 13% 13 Northern Pacific Ry 108% *108 25% 18% 18% 18% 18% 25% 25% 25% 25 Va 25% 25% 106% 106% 106% 106% 106% 106% 106 Va 108 108 23 Va 23% 23 V* *156 *41 58 13 Va 13% 12 Va *11% *45 Va 46 *24% 25% *13 16 24% 34% * 34 Va *13% 2Va 2% 30% 21% 8 Va 7% 20 7% V • /'/ 4 , ■ -■'A.'-/" 4 67 Va 67% /■'? 4 19% 31% ' 31% 69% V *30% • 34% 34% 70 • *30% 31% 69% r 16% 16% 17 25% V 24% 25% 24% 25 20 20 21% 20% 21 Va 93 93 93% 93% 93 . f : 67% *26 27-' ■ — 66% *26% *106% • . '/a 8 9% -1 70% 69 % 27% *26%. 68 68 3/4 27 26% 26% 35,000 593/4 60 *107 107% 107 Va 108% 1073/4 108 213% 21% 106% 106% Va 21% 21% 21 Va 21% 69% 21% 25 25% 25 25% *116 119% *116 119% "117 34 34% 34 34% 34 93 94 93 90 25% 25% 25% *117 119% 104% 104% *104% 105% *104% 105 107% 107% *107% 108 *107% 108 *14% 15% *91 15 *110 44 7 4434 A 343/8 91% *89% 90 800 105 170 104-% 107% 116 107% "143% "110 45% 15 116 *1043/4 108 *14% "110 45%. 45% 44% 44 *12 12% 12 12 12 12 "11% 12% *25 Va 26 % 25 25 25% 25% "25 3% 26 *106% 108 Va *106% 108% *111 135 *111 135 Va 8 Va 8% 8 ^ 16% *P9% 102 57% 56 Va 73 73 *71 73 20% 21 21 21 * — *176 9 % 89 , 9% •88 16% 16% 90% *88 Va 89% 1,000 9% 9% 9% 1.600 88 *87% 16% 167% 192 6% 6% 9% 192 6V8 • 9% 9 105 "101 58% 57% 58 57 74% ni 7J 23% 17% 23 100 163A 900 74% % 23% 233/a 20 192 6% 22.300 9% V 5,800 30 105 74% 25 % 700 13 77 77 77 77 75% 76 18% 18% 18% 18% 183A • 270 200 *23% 24% 24% 24 % 24% 24% 24 Va 25 12% '12% 12% mi 12% ,12% 12% 12% 17% 17% 11 VA 17% 17% 18% 1T% 17% 17% 17% 17 % 18 *17%" 17% *17% 18% "17% 18 *17% 53 "52 53% 53% 53% *53 54 *52 *57% 57% 57% 118% 118 Va 118% 58 58 118 118 Va 17Va 17% 58% 58% 118 118 17% 17% 58% 58% 118% 1173% 17 »/2 17 $6 ,y Corp Jan 13% Jan 55 19 14% Jan 25% Dec 3 15 Dec 28 16% Oct 3 Jan 10 35'/a Dec 27 23% Jan :i 39% Jan 3 Dec 15 33 Jan 19 Jan 91% Jan 119 Va Sep Dec 160 Oct . 25% Jan ; 48 149 42% Dec 30 10 Jan 17% July 5 Apr 43% July Jan Jan July 17 7% Jan 11% Oct 105% Jan 2 Jan Jan 113% July 4 July 45 % Dec Jan 15 51% Dec 35 Va 5 July 45 Jan 6 61 103/ Jan 10 109 Dec 16 106 July 23% Jan 27 30 Dec 9 15% Jan 30 July 16 37 % July 5 17% Jan 72% Dec Va Dec 30 1 'A Jan 2% Apr 31% Aug 18 23% Jun 17 27'/a Jan w" 27 Sep 2 1% Mar 27 26% Apr 100 18% Feb 28 7 4% Jan 15% Apr 1% 20% Dec 19 16% Nov % Apr 10 59 Va Dec 5 51% Dec 93% Feb 7 Nov 29 80 Jan 13% Apr 18 4 24% Dec 9 13 Nov 9 Va Jan 3 17% July 14 3% Jan 2% Jan 10 Jan 9 5 Aug 14 x70% Nov 29 1% 37% Feb 33 Va Jan 18 51 16 113 May 19 Va May 6% May Jan -29 May 60% Mar 100% 9% 13% Jan 10 108% Jun 23% Jan 32% 14 17% Feb 24% 46% Jan 61% July 1% Feb 18% Dec 112 32 Jan Dec '! 70% Dec 29 17% Dec 23 • 17% Mar 113 7% 10% Jan 3 29 19% Dec 29 5 Va Jan 16% May 4 96 Dec 15 34 Va Feb 33% Jan 5 65% Dec 16 19 Jan 58% May 41% May 5 ; ' 23% Mar 7 Sep 26 Va Dec 28 Va July 23 Feb 26 % May 6 107% Nov 21 15 3 9% Jan 12 ~6% Jan 10% July 10 July 14 5 Va Jan 8Y4 Jun 71 Dec 29 6 40% Apr 26 20% Feb 24 26% Dec 29 20 Nov 3 37 Jan *51% 5 59% Dec 108% Dec 8 88% Jan 19 68% Jan 91% Sep 19 May 16 21% Jan 3 22 Dec 23% May 13 26% Oct 21 25% Sep 29% Mar 18% Aug 24 Va Oct 119% Oct 21 Apr 26 25 100 104% Dec 23 110 V July 12 104'/a Nov 113 - July .100 107% Dec 12 115 109% Jan 117% Jun 11% Feb 117 117 37 July 10 96 3 Oct 7% Jan Feb 14 July Jan 100 July 50 14% July 15 3'/a Jan 10% 18% Jan 26 par —5 Apr 4 23% Feb 23 28 par .100 105 Va Nov 18 108 July 11 Dec 102 Jan 5 Jan 27 •-8% Dec 30 3% 13 92 % Dec 29 34'A Jan 7 % Apr 10% Nov 30 18 25 9 9Va Feb 4 168% Nov 1^8% Nov 170 Jun 182 Aug 4 Jan 5 4% Jan 10% May 30 59% Jan 90 62% May preferred.. Bolt..———No 190 No par .100 preferred class B_ preferred class A——.100 Jun Mar 171 3 3 6% Apr 25 Mar 77% Dec 4 25 4% Jan 9 Jan 17 11% Jan 164% Jan par Jan 30 183 Apr ■ » Aug 22 6% July 9% July 82 Sep 14 100% Dec 45 Sep 14 3 10 24 Jan Nov 15 Nov 15 150% Jan 1% 6% Dec 7% 15% May Jan 58 Jan 1st ser conv pr .100 (Th»yL_—JuiA 1 _x-ii——L— .100 175 8% Jan 69 26 May 16 175 Dec 14% Dec 19% July 11 14% Jan 21% July 25 18 Jan 23 V4 Apr Jun 14 15 87a Apr 25 13 Va Dec 20 4 Jan 13 par 11% Apr 25 18% Dec 13 6% Jan 13% May 12 6% Jan 13 15 24% Jan 40% Jun 48 % Jan 58 Sep 114% Apr 123 11% Jan 17% Apr 75% Jan 96% Oct May 29 11% May 17 ..50 35% May 19 55 % Dec 52% May 19 5!) Mar 25 121 440 110% 111% 110 110% 1103/4 1103/4, 950 7 122% 122 122% 122% 122% 650 8 % preferred preferred % preferred preferred par .100 of Feb 1 *29) 6% 121% No Gamble 116 . No par 13% Jan —No $5 Dec 19% Jan —5 1,160 74% 16% Sep 2d preferred— of N J . par 1st preferred Pub Serv Corp Dec Jan conv (ser Nov 10% 20 conv pfd Mar 16% Mar 83% Nov 30 5% 5% 75 168 1 Pocahontas——No No Co class B; & 19 Jun July 5 Plymouth Oil Co— Procter Dec 5 59 Nov .100 .• 7% May 68% 90 .100 1 Dec Jan 102 > Feb Jan 68% Feb Apr May 28 61 Co..No par No par Jun Nov 100 Forglngs Co Chic Ry 90 % 79% Nov 48% July 100 . 26% Jun Feb 427/8 .25 No 71 8 15 9 Aug 15 13% 21 14 19 X98 20 16% July 14 Jan 42% Sep par .100 —No preferred Creek Sep 24% Jan 82 Feb No preferred & Chemical & Sep Sep 54% Jan 29 Pond Dec Apr 49 % Jun 100 C & St Louis RR.; — Jun par Mills Inc Preferred Oct 3% Mar 45 par Hosiery Co. Sep 20 V4 July 33% Dec 30 Mar 17 15 55 16 8% July 12 3 21% Jan . 32 Jan 26 22% Aug 12 108 3/8 - 9 2% 18% Dec 22,200 6% May 23% Steel Car Co Inc.. 3/a Jan 8 Pressed 250 118 28% May 3 Va 114% July 13 5% Dec 15 3 Jan Dec V 45 % July 7 Aug 36Va Dec 19 Va 16% 31% Mar 147 Sep 6% 8 2% Jan 12 5 7% July 25 17% Dec 11 8% Feb 18 45% Sep 26 109% Jan 10 par A- Coke Pitt,-ton Apr July 25% May 17% Jan 73 103% Jan 61% Jan 108% 123. 7% 6Va 23% 3 103% page 19 28 4 Apr 48% Jan Poor 4,000 13'*'a July 14% Sep 3 Oct July 13 3 19 6 108 3% see 64 11% Jan 103% footnotes Jan .100 108 F^r 54% Pittsburgh & West Va—— Pitts Young & Ash pfd—xi_ 103 . 19 57% May Va 121% Jun 64 .100 108 % 111% Apr 67% pfd 103 121% Sep 38 Jan .10 preferred 5%7o 108 110% 154 Jan 25 Pittsburgh Steel Co 103 107% Jan 28% 27 Pitts Screw & 5% Dec 46 3% Jan — Pittsburgh Coal of Pa 7% Dec 30 -.3 preferred Phillips Petroleum 103% ' 111 com— 10 Va 105 142 28% Apr Phillips Jones Corp 17 121% 29 Sep Jan 21 5 series— 1% Jan 69 26 12 Sep 29 No No No 4%% 103 108 % Feb 8% Jan —1 Preferred Pittsburgh 3% % July 75 Va Dec 12% Feb Corp S5 conv 21 43% Dec 157 3 series— Pitts Jan 16 4% Jan & Co Inc 4%7« 6% 11% 11% July 19 • Dec 5 8 7% Jan "Preferred 17% 110% 108% Oct 163 Philip Morris & Co Ltd $4 Oct 5 108 Jan No par preference; com 4.4% preferrca Pillsbury Apr 14% 4 Va Mar 22 28% Oct 123% Dec Brewing Co Pncenix July 45 Jan 19 Apr 105% Oct preferred. Phllco Dec 6 Jan 8% 16 27 Jun No par* (Chas) 23 Va July 41% Aug V: 21% ——100 of America— 5 $1 103% 108% 31 Oct Jan 27 00 Phila Electric Co. 17 Va 121% Jan Jan .25 Phelps-Dodge Corp Philadelphia Co 6% preferred—. .50 103 % 108 Jan x3 % 8,300 400 58% 17 Jan 36 5 5% 53 ' 15 Va 13 July 2.200 / 173/4 53 * 6,700 11 107 15% 10% Jan 2nd preferred ' 13% 12% 12% 10,100 13 13% 24% *24 ?Q 0 - *176% "176% 13% 17% ■ 1.760 573A' 116% July 11 Pitts Ft Wayne & 13 % -%.• 77 "101 *176'/a ': 13% .17%, 102 89 *175 Jan 27 Pitts C 10.800 73/a 21% - 77 i; 17% 17% x90 92 "190 56V 8 ■ 13% 80 *77 135 7% "175 102 , . 13% 13 Va 108 Va "111 100 • 7% 73 Va - 500 300 *107% 7% *190 57 • 26 135 8% 8% 100% -7.600 113A 108% 9% 8% 453/4 24 53* / 22 Va Dec 7% "111 6% 56% 120 / 300 "107% 8% 8% ,100% *25% : 15 135 6% 8 % 113/4 108 116 107% 6% 6% 45 *175 190 190 % *88 ' ' *175 190 9% 16% *16 1G% 92 89 89 88% ' *175 7% 9% 9 Va 9% 107% *111 Va 91 91 91% a 6.400 *34% 104% 15% 15 116 *14% *110 116 *176% 1.800 25'A 119% 34 18% May 116 —i— 33%c 100 100 100 Pepsj-Cola Co new Marquette Ry Co 5% prior preferred 5% preferred 260 31.900 26 Jan 28 1 , 21 % ' 93% 6 1.310 Jan 7% 24 '/a Aug No par —No par No par Pere Milk Dec 91% 6 %'A> 101 15 Dec 7 4 Pfizer 593/4 Apr Nov 50% Dec Jan Pfeiffer 68 Jun 14 Va 8 July 31% Dec 5% Jan Petroleum 593/4 56 38 122 \ 115% Apr .-5 1,700 26% Jan Nov Jan 192 V2 July Jan 113 22 Va Dec 4.100 Ry Eastern 2.900 70% 48% 106 —100 & 9% 27% Jun 5 257a Mar 17 8 Va 59 Va 56y4 110% Mar 17 9% 68 18% July Jan 162% 11% Oct 23 Co 4 59 Jan 49 Va 54% Dec (Chic) Pet 27 9% 20 Jan Inc Peoples G L & Coke 30 27 16 Oct 56 50 8Va • 6 19% Dec Peoples Drug Stores Inc..4 100 f Si" 30 26 27 100 9% Va 5% 3.500 • -V 69% 93% • 70 Va 27% 106 Va 26 Dec 122% Dec RR 8% 25 % *188 500 ,, 26 47 Va Sep preferred— Peoria Dec 26% May Jun 39 Inc ex-privilege—1 Glass Sand Corp 9% V 34% 88 6,500 7 59 i Penn Pennsylvania Dec 54 23 % Dec 218 55% 100 $7 conv Dref ser A 8 Va 9% 34 *16 ; 2.900 69 21% *9 Va V 59 105 •91 j 2.200 127,200 :%•, 106% 107 107 8 Va 8% 9% 17 93 93 27% 65% 65 ■ - ' 16% / | 1.500 26 59 8% - / • 19% 9 Va 26% 59 44% • 69 Va 31% :26,200 H. >1 ' 300 35 16% 8 70 26 119 :":T 1,300 Jan . 10% I —No par Cement Penn-Dixie 23 29 29 Jan No par Corp 1 Coke Corp. 10 & 12% Nov Dec Dec 132 3% Consolidated Coal Jan V 20 Penney (J C> Co.— Penn-Central Airlines Penn Dec Dec May 13 32% 14% Dec Mines—1 Parke Davis & Co No par Parker Rust Proof Co.....: 2.50 Parmelee Transportation No par Patino Mines & Enterprises 10 Penick & Ford No par 5% 25 63 9% *110 i9% 19% *106% 8% 25 19% Pictures Utah 87 87 26 ' ' 15 198% Jun 64 —5 Line—.No par 100 Inc Tilford & Park *112% • 69 Va 70 Park 28 Va 44% Dec 16 117% Apr preferred Paramount Jan % 18 1 10 Prod. & Ref Cos conv 63% 3 Jan 8% ■ Petrol & Transp Paiaiime •y No par preferred Panhandle 800 15% ••».; . *26 8 Va' 34% 34% 2,000 • :,• • 66 26 *90 V 9 Va 31 71. v- 15 Va 63% *106% 33% 33% 4% 4 Va r> • — 1,400 600 66 19% *112% .: 6,900 19%' '26 *116 '■'V ■ 400 > 15 14% 14% / 22% 22 4% 7,000 15,900 59 % 67 19 67% 19 *4 Va 67 *112% v -. . 1,400 • 7 108% 23% 14% 15 *14 Va 15 22% 23% : 23% 59 108 109 109 109 108% :\ • 4.500 •';:> 8 Va 19% 20% 59 % *59 60 *59 59% 19% 86.200 •• ; 20 Va 25 % V >' -; ■' 22 8 8% 1 20'/a 19% > 19 19% 21 22 *69% ' ■ 22 *31 92% 105% 22 -W 16 % •69 30% 22 6,600 t 2% 2% 30% 8 200 29,000 36% 22 . 5.60'/o Jan "■ May 10 31% Apr 26 100 100 Car Panhandle East Pipe 4% 30% ■t 31 33% 26 8,100 -- 30% 35% 2% 112 Va 71 16% 26 29% 36% - .31% 63 36% • V: 30% "Vx: .30 38% 35% : No par & Teleg Motor 16% 74% July 8 Co American Airways Corp Pan-Amer 190 _•—;' 30% 14 Va 33% *91 *109 30% 29% -■ 600 1,600 V r 60 *58 *109 2% *18% 19 25% Pan Jan May 267/a July 18 12.50 Co Pacific Western Oil Corp Packard 13,600 5% 5 Va 5% "59 30% *67 67 Va 19% 59 59 * 2% 4 * ' ■'7 23% 4% 33% 3.800 72,600 >• 111 111 Glass preferred ' 49 Va 49 49'A 67e Jan 6% 11 18% July 147 Pacific Tin Consol'd Corp % 14'A 14 Va 14% 111 5 Va 5% 5Va 108 Va * *30% /.<•;.•.V- 34%.- 2% 22% 14% V 49 *109 107% 23 Va „ 4,400 "14% • 27 5 Mills Telep Jan Dec No par Pacific Jan 11 8% Apr 100 Co Pacific "• 20 • " 15 29% Dec May 44 % May 99% Aug 105 • B 10 1st preferred non-cum—-No par 2nd prefeijred non-cum—No par Pacific Finance Corp (Cal) 10 Pacific Gas & Electric— 25 Pacific Lighting Corp —No par 110 5% 5% 34% 111 ' 108% . 5% 30% *58% 14 Va 420 V 18% 18 18 21% 7% 59 22% 6% 6% 34% 14% 14% *57 Va 29% 35% 19 108% 1,300 1,700 or V 6% 22 19 59 Va 48 • 161 Va *161 . 5% si:V" 9,500 ; 122% 34% 5% V 41% >42 122 30% 8% 19 V8 17% 17 35 Va 49 Va . J.-) 2% 22% 7% •/" 161 1,930 16 34% 48% 48 % 740 Dec 102 ;• " 31% 35% Dec 30 118 20 18 67c preferred— ; Outboard Marine & Mfg Pacific ■ Jan 109 No par Otis Elevator— Coast 10% 10 Pacific Amer Fisheries Inc 26% 25% 42% 6 51 34% 121% 161 '' 34% 30% *22% ——No par 4%% convertible preferred—100 Omnibus Corp (The) 6 87c conv preferred A 100 Oppenheim Collins —10 1,970 - v 20 15% Sep 14 233/a Nov 16 No par Oliver Corp. Outlet Jan 23% Dec 3 3 104% Nov pfd—100 1,100 12% "13% 16 42% 111% 57% 29% 35 Va _ Nov 27% 23 ff V 4.407c Co Co Owens-Illinois 13% 12% 49 121% L 6% 14 Va '' *109 29% 34 Va 48% Va 49 5% 5% Vs.' '. 13% 7.: 34% •34% *111 4 9'A 112 5 7'/a • *69 V2' 48 5% 14 Va 49 Va 5 Va 18% 25% 34% 5% 35 *13% 58 OH 2,700 - 112 67% 25 *13 Va 16 34% 16% 17' 5% *111 29 Va * 24% 6% 6% 34 49% *112% 49 160 Va i 14% *48% 4 46% 160 Va *16 Va 5% *109 46 161 Va 35 Va 5% 12% 42% 16 Va 5% *57 13% 12 121% 6% "111 13% 12 Va 42 Vi 6% _ 20 59% 13% 121 % 6% 759 58% 48 48% 160 Va 76 58% 34Va 42%' 161% 16>/a *75% *75% 58% 121% *42 *160 Va _ 200 V 76 76 "13% 16 *47 % 121 •' ■-V 43 43 76 121% 42% 42% 24% 34 '/a 48% *47 % 121 4,700 24 *156'/a 24 Va •/.' 46 *13% 35 Va 35 Va 2,200 14 23% 23% 46 13% - 12 46 Va *42 Va 42 46 13% ' 13% 23% *156% > 11% 76 58% *12 230 ouiu " m OO «-• -co V 58 58 23,600 L : Edison • 2.50 Norwich Pharmacal Co *■ *75% 76 7 42 ' 108 14 / '1,170 12% •11% 107% 14% 14 24 *156% — 46 11% 107% 11% 107 13% 23% 23% *41% 43 13% ■' *156% K 11,% V 108 108 13% 13% 13% 11 Va 11% 11 Va 108 13% , 25% 11% *75 Va 4,400 18% 25% 106 108 20,300 18 25% -11% 18% 18% ■ 18 Va 106 , 108% No par 50 Preferred Ohio *108 Va *106% 18 7 ' ' 108% 50 Telegraph Norwalk Tire & Rubber O *108 Va No par Airlines Northwestern 94% 21% Mar Dec 23 22 * 9 4 3 31 15 1 3 40'A Jan 12 12% May 8 Pow $5 pfd.No par States Northwest 52 Jan 51 As Jun 7% Jun 100 Jan xl3%Jan 112 Jan 17% Jan37 % Feb 4% Jan 50 100 Central Ry Co Northern 10 \ 52 "50 Va 13 90 51 63/4 63/4 50% 13 13% 33 "50% 10 preferred series 53/4% preferred series-. 6% Northern "105% "105% "105% 34,700 pfd non-cum 12 Dec 18% Dec 109 14'A Jan 3 333/4 Jan 4 193% Jan 3 116% Jun 29 15% Jan 10 1 5 100 100 Industries Ry— North American Co 600 - —50 — Western & Adjust 4% 600 10% __ 20% 21 20 % 55 "53 10% 10% 10 % 122 20% dep SUpbldg Corp part stk Y Noblitt-Sparks Norfolk 122 54% 55 54 "120% "120'/a 20 20% 55 "105% 122 "120'/a 122 19% of • 220 "120% 54 12% 8.900 22% 21% 213/4 1.360 87 — & West Ry Co—.100 Certificates Highest I per share $ per share 50 Va Aug 8 5 . 11% Jan 27 " 30% Jan 22 129 Jan 19 52 Jan • 3 75 Oct 4 No par RR Oo_ & Harlem N Y Lack ' 56% 114% " 220 39% $5 non-cum preferred Jan Jan Year 1943 - Lowest t per share Apr 25 Jan 3 Jan 4 Jan 24'/a Jan No par Dock.: York N Y "16 ,;v 88 preferred series A 100 Corp—No par N Y City Omnibus New ;' V 400 168% 87'V 86 900 44 ' 88 88 86 87 21% 22 "163 88 "86 87 21% 168 % "86 88 2,500 'v 17% 44% ' 34% 17% 45 "164 19% 20% 31% 17% 30% 17% 6% 3,300 ' 31 "17% 30 17% 100V N Y Chic & St. Louis Co 4,000 113 112% 113% 113 29 17 "38 122 10 115 113% 28 y8 No par Central- New York 126,200 • 113 219 York Air Brake New 900 36 168'% 218 54. 36% "164 22% "54 35 44 % 38 V2 19% 34% 86% 22 "120% 24% "86 38% 217 48% 23 % "42 89 "86 48 23% 45 89 "86 48% 22% ' 168% "164 "47% 17 44% "41% 48% 23% 28% 17% 17'/4 48% 23 % V" 13 97 35% 15% 19% 62 No par No par v $5 conv pieferred- 110 Va 23% , Newport News Ship & Dry Dock—1 6,700 18 17% "108% 49 111 114% 28% 18% 110 % 34 35% 112% 17% "108% ' I per share Par Shares f per share per share 22% 23% 35 V 17% -18% •108% •110% "47% 49% "48 18 % •108% 112 s snare per 110% 18 18% 18% *108% X per share t EXCHANGE the Week Jan. 5 Jan. 4 Jan. 3 Jan. 2 Range for Previous Range for Year 1944 Highest Lowest STOCK YORK NEW Sales for Friday Thnrsday .. V-Monday, January -8, 1045 ' STOCKS AND HIGH SALE PRICES Wednesday LOW Monday v FINANCIAL CHRONICLE THE COMMERCIAL & 120 par 87'/a Jan 100 96 -— Jan July 19 Oct 10 18% July 10 103% Dec 30 109% Oct Jun • Feb 19 857/a Jan 107% July Jan 114% July Nov 129% July .100 104% Jan 113% Nov 3 96% .100 113% Jan 122 % Dec 14 108 Va w 121 CHRONICLE THE COMMERCIAL & FINANCIAL Number 4349 161 Volume ' LOW • $ per share 117% 'a! 118 '47% 48 "a 48% 17% • 1G% 17 * 108% 114% 17% *23 24 23% 16 10 *15% 10% 10 % 7 7° 79 17'A 112% 108% 23% 24 *15% 16 16 10% 10% 10% 79 16 k Range for Previous 79 79 A%:> 117% 48% 17% 23.100 ~ 115 *107% 108% A-23%A:24/r'"A ' 16 . _ ■ 10% 79 79 300 10% 79 l,3v0 16% 10% 100 *, , ; 24% *23% 16 50 9,900 17% *112% . AA\ " A... ,'AA " f Par Inc—-——; ver 119% Feb 15 113% 26% Jan Mar 22 11 Jan July 19% July Feb 114VijJuly Jan 107 Va July Nov 2 37 % Jan ■' 3 13 100 109% Jan 12 115% Nov 27 103 par 103 Jan 15 108 % Dec 23 92 Vb 19% Jan 14 247b Oct 26 13% Jan 52 Va 18 - .19 12% Jan 21 No par preferred—No par Kadio-Keith-Orp" mm —1 6% conv preierred— 100 Raybestos Manhattan No par 8% Apr 13 69% Jan 5 80% Dec •104% 10 Vt Jan 16% Aug 21 Corp. I per share July 10 H3% Nov par- (The).———.f.trtv A 6 % preferred—j—— 5% conv preferred Purity Bakeries Corp— No Pure- on- Quaker State Oil Ref Highest I per share S per share share -14% Sep No par No par $5 Pub Ser El & Gas pfd Pullman Lowest Lowest EXCHANGE Shares Year 1948. Range for Year 1941 Highest STOCK YORK NEW for the Week share per 48% • 17% 112% *10/% 108% •»' 0 117% 48% 17% *107% 23% . S 117% 46 % 114% *112 x lu7% .108 %•■" Jan. S ver share •117% A 48% 48% 17%. *112; "U2. A J15 •*167% ,v, 117% *117 117% 47% ®.l 17 share ver Sales F**irtj»T . Jan. 1 Jan. 3 t I per share , Thursday Wednesday • ' STOCKS PRICES SALE Jan. 2 Jan. 1 snare ver AND HIGH Tuesday Monday Saturday Dec. 30 / 122 Aug 40 Vb 22% 15 Nov July R 10 % 10% *70 .- 79% ;; . 53.600 ■ 900 • . ' • 01 % 92% 34% 34%. 17 17% 35 , 17 17 , i6% 34% 34% . 20% 44 *41% 44 *37 38 12 M *11% 21% *41% 36% *11% '118 ^ 124 23% *99% 0'2r 35 35 17 17% A ' 17% 34% 134%' 21 21'/a *42 38 *42 A 11% 11% . 124 *118 ;> ■' *118 ___ A 300 I ; A, 18% 18% 18 Vt 18 18% A 22 % 22% 23 22% 22% A: 23% 81% 78% . . 23% 23 23 Vb : A 100 100 • 23%'-: 99% 23 Va . 390 1.000 f 600 ■ 100% 100- 82% 81% 4.100 ; 99% A; • A ■ *100% ' 98% 99 4 19s 97% 99 15% 15% 15% 15% 15% 15% 15% 20 15' 19% 19 7a 20% 20% 20% 21 A" A?AA 104% . 104% H 12 103 '101 102% 11% 105 102% 102% 102% 12 12 Va 12 Va 12% 12% - 105 103% *87 88 87% 15% 15% 15% 98 98 89 90 90 16% 15% 16 Va 15% 15 Va 102 *98 14% 14 Va 14 Va 14% 15 Vt 31% 31%-A A 31% 32 181 ; *16 18% 19 19% 18% 10% 10 Vt 10% 10% 16 Vt 16% 16% 16 % 7% 7% 20 Va *20% *33' 2 34 *33% 34 181 4 7% 52 51% 51% 38 39 39% 54% 54% 54% i *113% 115% 8% 8% 38% 8% 38% 39 *107'% *113 114 *112 *109 112 *109 '41 23% 23 112 % 104 19% 19% 9 : 9 38% 39 * 39% 106 114% *112 *112 23 % *109 23% 19% 19% A A, 500 14.000 105 9% 19.600 42 34 25,800 108 S: 900 3.100 20% 24.400 19% 10% 12.100 16% 3.500 78 79% 79% 80 80 80 13% 13% 13% 14% 14% 14 75% 13% 63% 26 26 26 26 14% 65 65 "'A 76% 14 75% 61% 67% 26% % 6 7 it 6% 26% . 200 v 1474 14% 2.300 65 *62% % ,■• 14% 14% 26 220 29.300 74 77 *75 77 *75 rV 6274 62% 590 26 26 26% 6% 7% 6 32% 32% 33 33% 33 % 34 32 32 32 32 1.800 6% 6% .A 6% 64.200 33 % 32% *30 3.600 9% 13% 7% 8V2 16% 14 % ,14% 32 2.300 24 104% 17 *74% 33 112 16% 75% 33% % 2.500 *33% 400 34 15% A. 41% 16 15% 16% 16% 16% 16 74 16% 73.200 41 % 15% 41% 41% 42% 42% 43 43 43% 5.800 15% 15% 15% 23% *22% 16% 16 15% ■>22% 23% *22% 53% 53 16% 23% *22% 52% 54 23% *2% 52 52 % *29% 30% *29% 30% 30 30 30 30% 13% 13% 13% 13 % 13% 14% 14 Vf 14% 4% 4% 21% 21% 21% 44"-a 45 43% 4% 4% 21 45 *161 163 162 4% 21% 44% 4% 162 *161 A . 44% 161 700 90,500 >' 27 27'/a 4.000 17% 17% 17% 17 74 17 y4 A 1.700 42% 43 42 Va 42% 49.200 34 34% 33% 34% 33% 34% 88 68 66 3,4 67% 66% 67% 82 % 81 81 12% 12% 12% 12% 7 6% 6% 6% M 8 7% 7% 7% 12% 12% 8 *80 *72 80 *72 35% 35 28% 28% 48 48 *48% 49 61 *59% 61 *59% 28% 13% 7% 6% 7% 774 8 28% 29 49 A. 13% 61 13% 34% 28% x48 ♦59'/a 13% 34% 29% 700 29% y 7,600 48 47% 47% 400 ,*59 Va 61 A 13% 13% 13'/a 78% 77% 78% 77% 78 77% 78% 37% 38% 37% 37% 37% 38 38% *37% *58 59% *58 • *112 115 28 • 28% 28% *111% 115 59% 111% 113 114% *113 59 % 112% 28 % 115 *112 28 113 60 115 *113 *113 115 *113 *112 *113 115 *113 % *113 28% 114'/a 3 *113 *59 *113 112 28% *113 2% 2% 2% 72 72 71% 71% *71% 83% 84 82 % 82% 82% 38 38% 38% 38 % 38% 33-% 33% 33% 33% 33 % 56% 56% 56% 56% 56% 57 57% 49 49 % 49% 49% 49% 2% 2% • 48 % -1 48% *117% 119 *116 16% 10% 1.100 114% *113" 200 62 113 20 29% 10.700 *113% 115 200 3 2% 3 11.100 *71 Va 72 V 72 82'/a 83 82% 82 39 Va 600 . 3.200 17.200 •a_ st.k tr Dec 21% 20% Jan 28 Oct 5 23 Feb 19 11% Jan 18% Jun Jan 13 51% Apr 11 43 Jan 50% Aug 29 16 105% Jan 9 % Dec 15 6% Nov 12 Va Mar 39% Dec Jan 15 Jan 107% July 3 Jan 35 96 Sep 5 14 36 Vt Dec 43 25 109% Nov 115 Feb 105 Dec 112 Mar 25% May 19 10 Vt 2 Jan Feb 26% Jun Vs Dec 30 Jan 4% Jun 106% Dec 15 59% Jan 90% Dec 5 10 Vb Jan 18% Sep Jan 17% July 73% July 8 5 Feb 7 16% Feb 1 47% July 114 45 Va Nov 20% Sep 14 Dec 27 May Jan 109 % Dec 6 37% Mar 16 2% Jan 36% Mar 15 55 'A Dec Sep V 7 7 27% Nov Dec 38 Vs Dec 8 30 . 9% May 115% Dec 27'A May 12 43% Jan 27 110% Jan 24% July 9 18 Dec 2 18% July 5 9 64 Jan 3 78% July 19 6 14% Mar 13 8% Jan 27 76% Oct 25 64% Jan 16% May 73% May 9% Jan 6 15% Oct 7 5% Jan 10% 48 % Jan 4 61 % Dec 30 31% Jan 57 Oct 20% Sep 14 28 % Apr 12 17% Jan 29 Jun May 16 7% Dec 30 2% Jan 63% Jan 72 3 Jan 16 Va Jan Apr 19 29 21 Jan 10% Feb 8 16 Dec 28 35 7 42% Jan 7 10% May 28 '/a Jan 24% Apr 24 35 Va Sep 20 23 31% Dec Sep > Nov 18 Vt Jan 22 15% "Nov 24 % July 23 % Jun 20 22% Aug 23% 54% Dec 15 19 Jan 39'/a July 12 31% Dec 16 15% Jan 25 Vt 12 Jan 27 14% July 17 10y8 Jan 3% Jan 3 5% July 12 2% Jan 20 Vo Dec 25 May 5 par 5 27% *13 Vb July 45 % Sep 28 Apr No par 28 Apr Jan 22 23 1 5 Jun 29% Feb 13% Apr 25 20 22 28 % Jan 6 141 21% Dec 6 22% Apr 24 Jun ,15% July 5 Apr 30 45 Va Dec 29 20 Va Jan Dec 6 132 Jan 26% Oct Jan Nov 18 21 Vb Jan Jan 162 30% Sep 149 Va July 25 Apr 7.50 13 Va Jan 17 17% Aug 21 10% 23 % Jan 3 43 Vb Dec 30 15% Jan 30 % May 20 Jan 3 34% Dec 15 15% Jan 30% Dec 15 35 Vt Jan 49% May 82% Dec 15 42% Jan 66 100 40% Jan 100 54 Jan 7 —1 12 Nov 13 ctfs 4% Jan 4 ,69 13'A Dec Sep Apr Apr 8 2% 7% Aug 18 3 14% 2% Jan Jan 6% 6% Jun 5 Vb Jan 26 9 Jun 28 55 Feb 14 75 Dec 14 33 Jan 61 Nov ..No par 28 May 5 35 Dec 30 21% Jan .35 Dec Sep 22% May 13 36 % Jan 26 29% Nov 9 23% Nov 35% Mar 48 Sep 5 32% 44 Vt 56% Jan 27 62 Dec 16 66 May Jan 3 13% Dec 26 3 Jan par 50% Feb 11 1 100 33 % Jun 9 2 preferred No Square D Co 5% conv preferred Squibb (E R) & Sons No par ' No par .No par ..No par Standard Brands, Inc $4.50 preferred™ ..No fja* Standard G & E Co $4 pref. _No par 6 60 8% July Sep 35% Jan 64 Sep Sep 38% Dec 16 33 Jan 42 July Oct 18 109 64 Vb Feb 2 Jan 116% July 28 115 57 Sep 22 111% Apr 19 70 July 115 July 20 112% Nov 117 Aug 108 113 Dec *26 107 Nov 110 Dec 33% July 12 25 Sep 110 Jan May 17 27% Dec 26 110 Jan 27 116 1 Sep 4% July 2% Nov 21 • 49 Jan 31% Dec 1 100% Jan 115% July 5 1% Jan 6% Mar 9 Jan 38 V2 16 10% Jan 44% 39 Va July 12 28% Jan 40 34% Jan Jan 38% July prior preferred -No par 33% Feb 10 74% Dec 15 $7 prior preferred -No par 40 VB Feb 8 85% Dec 34% Sep 14 Oil of Calif Jan 79% Nov 28 $6 Dec Dec May 15 46% Jan 60 26 37% Jan 45 Vs May 100 11 118 Dec 15 1 110% Sep 6% Jan 12 11% July par 28% Jan 18 37 Va Dec 21 25 61 27 67% May 1J3 68% July 17% July *118 121 *118% 4 122 10 37% 9.100 600 Vt % preferred . _ Standard Steel Spring Starrett Co L S (The* -No 10 Sterling Drug Inc Stewart-Warner Corp 18% 18% 18% 18% 19 1,800 11% 11% 11% 11% 11% 9.100 Stone 19% 19% 56% 56% 11% 19 % 19 % 58 57% 57% 127 126 % 126% 57% 127 6% 6% 10% 10% 24% x23% 11% 19% 57% 127 F.V, 11% 18% 11% 19 Va 14,700 20.600 58 800 127 90 10% 10% 24% 23% 3 1 9% Feb 10 20 -No Webster 15% Feb 1 par 7% Apr 19 5 13% July 12 19 6% 10% 24% 26.000 22.300 5.800 pfd 18 5 ~9% Oil Corp Sunshine Mining 7% Jan 14% May Jun Jan 14 July 14% Dec *17 Superheater Co (The) Oil of Calif 81 81% 82 82 % 83% 3.300 Superior 26% 27% 27%, 28% 27% 28% 9.500 Superior Steel Corp 34 34 34 35 35 17* 18% 18% 18% 18% 20% 2.200 Pwp^ts Co of Amer 17% 18Vt 31% 31% 32 32 3274 32% 32% 5.600 Swift & Co 31% Sutherland Paper Co (The) -No Sep 5% Jan 10% May 5% 15 V8 Jan 20 Vt July 15 64 Oct 19 27 128 Oct 13 5Vb Feb 15 7% July 5 4% Nov 6 10C Co Ma) 4 Vt Jan 5% Jan 3 10% July 5 3% Jan 7% 13% Apr 19 Sep 31% Mar 66 Jun 100 cum). Sunray 79 300 14 Jan 1 (4%% 26% 35 Dec 12% Dec 5% Nov 121 1 Sun Oil Co Class A 5 54 Studebaker Corp (The) 80 *3374 Dec - *5774 *126 Vt 6% & 31 7 11% Jan 18% Jan 19% 8 9 11% Sep Inc 11% 123. 5% 5 34% July 45 1 11% page 30 24'A July 3 14% Jan No par Nc pa" 18% see 18 26 Jan 13 (The) 11 footnotes July 5Va Apr 15 preferred A Standard 12 17 Vt May 17% Jan 8 ... Splcer Mfg Co $4.50 Jan Jan No par 11% For 12 Jun Oct 7% 9 8 17% Dec July 10 3.500 , 3 Dec 2.300 17% 11% July 29 Jan Jun 58 Vb 16% 31% 8% Feb No par 1 18 % 31% 14 Vt 84 preferred 10% '17 Sep 49 63 *32% 12% 4 16 74 33 14 14 62% *31% 19 Va Oct _ 40% Jan 16% 25% Jan Sep 50% Sep 63 26 13 25 16% 25% 39 Vt July 25 63 ,24 32% Feb 25 16% 24% 11% July Jan 34% 15% July 10 Standard Oil of Ohio 63 % 94 Jan 25% 9 v.,- Standard Oil of New Jersey. 16% *78% 5% 35% July 10 8% Jan 28 Standard Oil of Indiana 62% 10% Feb Jun 1,700 16% 24% 85% Apr 80 19 15,800 62% 78% Dec 100 Feb No par 11% 9% 21 No par 18% 78% Dec 16'A Dec. 13 8 Co... 10% 24 % 88 Jan Jan Edison 18% • 93% Jan 10 21.600 16% 10% Jan 63 • 50% 62% 10% 15% July 70 57% J- 10% 70 Jan 27 34% • 9% 6% Nov 7 Vt Dec 50 *37% 6% 59% 105 57% 1074 6% 98 Jan 34 Va 37% 6% Apr Dec Deo 84 ■ 110 Lines new >11% 6% Oct 9% 57% 9% 128 88 % Jan 3 Stokley-Van Camp Inc 5% prior preferred ♦126% Jan 5% 49% 37% 18% 73% 34 Va 10 Va 19% 19 12 'A July ?1 6% Jan 34 Va 36% 58 102 Va Dec Jan 87 20% July 28 Vb 9% 18% 101% 39 Vt 36% *126% Jan 39% 9% 11% Jan 95% 39% 36% 11 14 6 39% Nov 10 $4.25 preferred 112'/a 5 Dec Jan No par $5 pref series A 29 Va Aug 17 16 21% July 105 9 Jan (A G) & Bros Inc 50 113% 115 71% 120 38 Jun May 100 Ohio & Sperry Corp 430 78 % ;v 62% 16% *118% 29% 83 "34% 77% 18 Apr 24 99% Jun 108 Iron Spencer Kellogg & Sons Conv 112% 112 & Sparks Withington Spear & Co $5.5 J preferred Spiegel 9% 36% 62% 119 118% Steel non-cum 26.600 13% *60 62 72% 39 61 38 114% A 5% $3 conv 36% 10 9% 36% 2% ' 1374 13% Apr 8% Apr 16 " Nov Corp Railway Southern 6 74 34% 10% 4 15 Southern Pacific Co 7% 80 Jan 102% Dec No par Southern Natural Gas 7% 34% 28% 4% 7 No par Southern California 12% *71 Dec 70% Jan May 12 115 preferred Mobile 78 7 8% Spalding 80 74% 100% Dec 16 Socony. Vacuum Oil Co Inc South Am Gold & Platinum 110 *71 Jan 12 Feb Corona Typewriter-No 900 ■ Oct 42% 9 No par Corp. preferred 12 Va 35 93 99% Nov 15 Simonds Saw & Steel.. 80% 2.200 19% Jan 9 _5 Simmons Co: Sinclair Oil 12% 8.500 20 Jan 69% 109 Mines Silver King Coalition 80 Va 8 Jan 12 105 Shell Union Oil 12% 80 *59% 3.600 14% 3 No par Sheaffer (W A) Pen Co 81% *48% 28% 67% 12 29 No par (Prank G) Shattuck 67% - Jan Dec 23% Dec x83 % Mar No par No par No par pref ser A conv 66% 6774 Nov 24 No par $5 conv preferred *80% *34 % 35% 35 V 29.300 18 5 19 1 Sharpe & Dohme 35% *72 80 35% 3574 5 Feb J Steel Corp $3.50 Dec Nov 36 Shamrock Oil & Gas Sharon 6% 14% Apr 100% Dec Inc 33% 7 6 Jun 86% July 13% Sep 18 3 Southeastern Greyh'd 43% 82 11% Feb 10 —1 25 South Porto Rico Sugar 50 17% *80% Jan No par 5.800 42% 27 20 No par 1 7,600 161 : 42% 26% 26 100 12.300 17% -17% 27 85 % Dec No par No par No par 4% 41% 26% 3 new__3V3 Corp. 44 A 17% 26% 50% Jan 10 No pat .100 5 22% 43% 26% 80 No par 44. 42% 26% fiervel & *17%. V *26% Jan • - Smith 14% 161 161 66% Seaboard Oil Co of Del (A O) 30 Vt 4% ... 2 90 July 10 1 22% 22% 44 Dec Seagrave Corp Sears Roebuck & Co $1.20 14 Va 4% 21% 21% 43% A 155 preferred $4 preferred Smith 30% : 7 v No par Distillers preferred 5% % 4.600 52 53% Jan Scott Paper Co Skelly Oil Co Sloss-Sheffield 23% 53 53% Jun Jan (The) 2,100 16 Va 16% 16% Nov 30 3 Vb $4.50 9% ; 35 Jan 4 preferred Schenley 114% 17% 14 Jan 22% %««•• Savage Arms Corp— 300 44 9% 78% 26% 26 13 Joseph Lead 5% 180 114 9% 8 9% 27 36% Dec 3 Safeway Stores 16% 9%- Co St 24 19% 19% 42 % Dec 7 5% Jan $2.50 conv preferred 80 104 8 105% 13 27% Jan Rustless Iron & Steel Corp 1.100 *109 24 8 > 32% Jan 50 No pat Ruberoid 4.500 *112 112 22% May 25 55 Va 43% 114% Jan 13 40 &■ *106 43 14% Company 52 Va 9% 13% *159 400 3.500 16% 78% %: 900 A-A 19 40 % 41'/a 23% 19% 14% . 112 *109 8 16% 4 7 Va 34 ■>•.'•:■ 107 42% 106% 59 >/. ! 17 20 113% 9% 22 No par Roan Antelope Copper Mines Royal Typewriter 1 Ritter 39% 114 9 43 43 8 78 15% 41 a 113% 21% Dec Richfield Oil Corp 52% ' 3 Co 9.700 7% 5474 114 Mfg 4,800 55 39% 54% 105% 14 6% 39% 15% Jan 3 10 18% 18% , Aug Common 80 10% 19% 19% 54% 8 16% 33 '• Jun 32 preferred prior pfd ser A Rheem 33% 40 107% 107% » 23% 78 *30% •' 52% 104% 16% *74% * A 52% ■ conv 18% 34 18% 9% 9 38% 108 114% 7% 8% 9 19% AA; 15% Jan —.100: 0% conv 100 Revere Copper & Brass No par 1% preferred 100 5 Vi% preferred ——100 Reynolds Metals Co No pat 5%% conv preferred 100 Reynolds Spring 1 Reynolds (R J) Tob class B—10 6% • 105 19% *113% 9 43 43 23% 8 105 *38% %:■ 17 7% 34 53 *51 114 114 108% 43% *107% 7.500 29% Jan Republic Steel Corp...——No par " 55% • 18% 18% 18 Vt *54% v 34 34 200 5.400 Jan 11% RR._—100 ... —1 Inc. Motors, 21 Dec 26 Va 1)- (Jan Saratoga & Rensselaer Reo 22 10 Vt- Jun 16 Preferred with warrants..- 10% 20% 7% X20 4,900 14% •A: 16% 16% i : 7-% 20% 18% *50 16% 7% 20% 21 AA 150 760 32% 39% 10% 2 / •A A 14% ' 18% 10%. 4 • 39% 18% 71 . 32 Va vA.. 10% 30' AAv ioo 15,500 100 100 . 15 32% 39% 18% 4 10 7 39% *38 A 102 14% 32 SA 105 105 104 Va *98 98% 39% : 90 V2 31% 39 A A no A A;, 104 2 381 59,400 ;■} A 12% <: A '8.100 . ' 104 11% 89% 14 A 105' 105 *102 .-A-. 104% 311'» *38 A 960 ' 16% 20% 15% 88 98' 15% 20% 88 % 104 103% *103 15*'B 99% 99 A 105 *101 , 12 V8 99 105 104% 102% 104" *101 , AA 99% 98 98 33% Dec Oct 101% 18 — shares Jan No par Mfg Co Called 54% 34% Dec Remington-Rand 800 17 100 Reliable Stores Corp— Reliance 71% 107% Jan 3 1st pfd & Co (Robt) Rels 12% May Jan 3 Hosiery Preferred 124 Jan 3% Feb 28 % Jan 28 2nd preferred—So 5 100 non-cum Silk Jan 59 13 10% July 10 85% Jan 27 v 4% Real 4% July 12 12 24 1274 Feb Reading Company— 4% non-cum 1st preferred- 300 i.A 7% Apr 1 25 50 Inc $2 preferred Eayonler 900 -AA 12 *11% : A -37% 37 $3.50 conv 1st * 5,900 44'/a 37 Vt -44% -A V 37 ' *■21% ' 44% 3.300 ■ 34% VA- 34% 20% . A,A:: 500 22 % V- , ; 100 100 100 " . 92% 35 , 82% 23%*:. 23 Vb . 91% 82 *17% 18% 22% 3.210 93 •17' 11% .*11% *118 A. 124 82% 17% *22 A *42 ■ 38,600 9% 9VB :• 34% ' 21 *37 124 8i Vt 17% 22% 23% v,-. % 9% 9 34% 20% -A 12% *118 82% e 17-% *22 34% 21 36% *21 82 3 9% 91 % 34% A *34% ■) 9% 91% 91 *34%. *34% ,35 17 9.% 9 9%. 91% Radio- Corp of Amer 48% 122 par 17% Jan 27 25% Dec 12 12 12% 25 66% Nov 16 84 Vt Feb 2 Jan Apr Dec 63% Mar 130 Sep Oct Jan 22 Apr May May 58% Feb 82 19% Apr 25 26 Dec 30 14% Jan 32 Vt July 14 34 Dec 8 26 Vt 12% 8% Jan 4 20% Sep 25 Jan Peb 33 Sep 12% Jun 25 33 Dec 13 Jan Nov 27% Jan 3 27% 100 10 29 4% 22% July Monday, January 8, 1945 CHRONICLE COMMERCIAL & FINANCIAL THE 122 Range for Previous STOCKS HIGH SALE PRICES LOW AND Jan. 1 Dec. 30 30 % 30% 30% 7'/4 7% 7% 7.1/a 50% 32% 30% per share 30% 71A 32 Va S per 32 ',4 *32 share S per 32 Vs t share per Jan. 3 50% 32% 32% 32% 32% 33% 31 % 30% 31 30% 30% ,5.200 Syivania 7 Va 7% 7% 7% 3.300 Symington, Gouid 8% 300 . • 8 Va 8 Vs *7% ''IVa 7%. 7'/a 7'A 11% 12% 49 63B 35% 12 % 12 '/4 12% 12 12'A 8.500 49 7'a 49% 50 49% 50 7.700 Texas Co 49% 6% 6% 6'A ,7 6% 7 13.200 36 Va 36'A 37% 36 23 Va 22% 23% 14% — — 24% 14% 14% 15 VA 15'A 16 34 % 34 % 18% 18% 34'A 36% wL *122 126 V : 94 —-a 4 4 - — '•A—• 108 107% 50% 11 • 48 % 47 y4 4',2 4'/a 4 Va '• 19% %• —« . 102 28% 35% *105% 11% 11% •11% i-:v 28% 27 Va 27% 27% 28 Vs 18% 18'A 19 Va 19 19% 5% 5% 5% 103% 104'A 11% 11% 11% 19% 19%: 19 Va 101% 101% 102 -i 117 % 118 14% 15 9% 58% 9 % 93a • ■ ' 119 *117% 15 14'A 15 58% 58% — 117% 3.900 Truax-Traer 7.500 Tuhi -e •/■' '. 101% 400 Jan 5JA Mnr 5 8% Jan 13% May 50% Jan 10 41% Jan 53% Julv 6% Dec 14 3Vs Jan 6% July 37% July 14 33 Va Dec 41% July 8% Jun 18 9% 8.000 7 '4 14% 14% 14% 44% Sep 59 59 59 15 4% Feb 28 29 % Dec 8% Feb 9 16% Nov 13 7 % Jau 13'A July 17% Jan 4 35 29 16'/a Nov 28% July 6 V* Jan 23 Dec 12% Jan .13 24'A Julv 50% Feb 4 58 5% Jan 6 5 Jan .31 122 20 94 33'A Jan 15 I Feb 34% Dec 1 Va Jan 3 Mar Jan 26% Jun Dec 16 7 n 9% Jan 15% July 6 94% Jan 103% May Dec 14 23% Dec 34% Mat 24 13 52% Aug 18 40% Jan 50 25. 29 38 43% Apr 8% Jan 17% Apr July - 15 Dec 19 15 V» Jan 25% July 5 11% Jun 16% 1% Jan • 18% July V? Jan 5 4 5% Dec 27 Jan 4 105% Dec 20 3 i 8% Jan 69 May 779%. Maji: Jan ]X2- 20% Dec 8 26 102 % Dec 17 28% Dec 30 -s/2 21 21Va Feb Apr 4% May 90 Jan 6% 11% Nov 30 1 Dec 15% Mar 102 -.No pur No nor July lO'/s May 6%- Jan 11% Dec 3% Feb — 1 ——100 July Dec 17 109 3 ...No par —..No pnr Sep Mu.v 6% May 8V0 3 85 Jan 26'A 34 6 Jan 12 49 Jan 3 8 3 I Oct 9% 16 Feb 13 95, Jan 29 13 % Mar 49% Oct 4 25 Jun 4 5% Aug 14 13 10 Jan , July 19 July 13 100 '/a Jan Axle......—_—10 Oct Dec 8 30 11'A Jun 18% Mar 14 53% Jan 52 19 Dec July Jan 2V2 1 Dec > 32% Jan 2 35 July 12 9% Nov 81% Oct 92 —.25 12% : 24% July 34 % Jan July " 28% Jan- 3 35 % Dec 23 25 v Jan? 4 105 % Dec 20 99 - 5 9% Dec 29 Dec 30 16% Dec 14 85 prior pfd-u 5% Jan . 68% Jan 118 4 8% Jan 1 Co.. Apr 4 12 Va Dec — Jun 32% Apr 54 a 8% 45 Jan 14 V4 Feb 19 Corp._—— Apr 19 11 Corp. Twin Coach ; 2.800 . 12% July 10V2 Mar 29 No Par City Rapid Trans—- No par preferred , ... 100 Twin 210 ' 120 118 118 10% 7 13 19 "Terred.—: pi $4.50 Dec 8% Oct Jan preferred $1.50 - 200 ' 51 A Apr Cert Fox Film Corp 20th 10.700 35 Vs 106'/a *106 • 14% / Jan 3 5 4'A Jan Ra von 4%^ - 19.100 28% 35% ';"'■•• 58% A. 7 5% 35 3 12 7 preferred $6 :•' 260 11% 9% 9% 118 58% • • ■.'A 19 Jan Jan 43 Tri-Contlnental Corp....; ' 14% • — 4.200 59.700 20% 28 % :• 36 Va 106 106 *117% " •4,6u0 :: 105'/a 101% 29 Va 35% 106 106 8% Jun 7 4'A Jan Bearing——No par Transamerlca Corp. X . 2 Transcout'l & West Air Inc ...5 "Transue & Williams St'l——No par 19% :/■: 101% 28% 36% 35% 35 3 a 9 Va 29'A 2834 28% 101% . 8 Va May —1 Detroit llJ/4 105 Va 105 Jan Timken Roller 15.600 5% 105% 19% A 106 % 9% 5% 11% 19'/« 11% ' 106 % 9% 1.600 11% Avenue Tlmken 3,000 v. • 103% 35'A 340 A 5% A *105% 10.700 1 18 Va 4% 8 9 42 Products ———No par Thompson-Starrett Co ...No par $3.50 cum preferred-—.—Ni par Tide Water Associated Oil. *_i0 $4.50 conv preferred.—..No par .1.500 V h — 27-% 28% 28% 35% v. 17% 108 52 5 Vs *101% 32 : 17% 36% 18''a 9 Tiiompson 6.000 51% '•• 19 ; '. 4% 107% ■ Third 36 11% Dec 5% May preferred— 10 Transit Corp..No par Thompson:(J Ri 800 4.100 5] % 11% 35 '/a July 10% Dec Co— $3 div conv 17.300 < 36'A 11% 277a 11% 32 A 17% 1 14 48% 35% : 35 V2 Feb Producing Thermoid 13.800 ,• i /, 51'A 51 103% . 10% 14 4 Va 107'A 37 Va .a 50'A • Nov 22% preferred .———100 6% 210 48 32% 17'A 36 Va 37 10 Va 4% 1C7 % 107%' ' 107'A 10 10 - 53 .. 47%,. '•■' 93% 10% 13% 32 ■ 17% 16% 16% ■: 33 32% 32% 108 *■■■•■ 128 . 10 11% . 4 1/4 • 50% y?- 11% *101 13% 47% 5 105 39 % 10% 13 Va 46% 18% 5% 4% *11% 11% 13 11 18% *103 11% 13% 27%, V"; ; 28%. 18% 11% *49% 11% •vv 300 9% *9 '/a *92 10 'A 36% __ 100 53 107% • 50% 23% 10 53 16% ... 37% '37 10% 53 4% ' 1.600 53 lO'/a 53 31% 17 19 58 *123 93% : 27% 5 • 128 *92 10% '' " ■ 30% 16% — 11.400 18% *57 Va . 9% *9 *125 93% 52% *13 46% 30% 36% 10% - 13 % 46% 35% 18% 58%" 46'A 11% 10% *13 36% 18% *57% 52% —— 53 *52 Va 27,600 10% 10% 10% 15.8' C 15% 9-% *92 •- 21% 15 Va 22% 16 35% " 125 125 94 • " 95 *92 ' 9% 9% 9V« — 9% 125 22% 15% 19 27 33 Va Jan No par Texas Gulf Sulphur. No par Texas Pacific Coal A Oil10 Texas Pacific Land Trust. 1 Texas & Pacific Ry Co—.....—100 Thatcher Mfg Go par $3.60 conv preferred.——No par The Fair ...No par 7% preferred — —_—100 4.600 37% 22 'A 59 13% 57 The) share per 33% Jun - 37 a 1 Gulf Texas 37% ' • 18% *56'A' 18% 57 58% *9 34 'A 33 ' ■ ■ ' Corp Tennessee 12% % 6% (>•'« 36 % 121 'A 1.300 7% *7 Va 7 Va 7 Va $ 18 9 50 5 .—5 25 Corp Highest share per 10 1 partlc preferred— 5 Va % Telautograph I share per 26% Apr No par Corp-.-. $ 27% Jan .—— (Jamesl.— Talcott Inc 110 52 6 Va ' 11% *57 *8 *50% 52 52 Ltd Elec Prod's Inc. 36% — 49% 23 >/a : 8'/8 8% 52 52 7% Swift Internationa! 3.200 ; 22 V« 11% 49 * 8 Va 51% 48% 7% *7 Shares t per share share Year 1943 Lowest Highest I per share Par share *50 VA - $ per Lowest EXCHANGE the Week Jan. 5 Jan. 4 Range for Year 1944 STOCK YORK NEW Sales for Friday Thursday Wednesday Jan. !i Monday Saturday I Tuesday 6 ' Jun • 101 Nov -1 Ocl Jun Jun 77% Jun Jan 67 9% Jan 4% 11% Jun 6V4 U 14% 14% 80 20% 120% 116% 117% 103% 103% 103% 700 30 Va 30 Va 30 Va 1,600 32% 23,300 17% 35% 89% *6% 12 3 « 39% 38% 17% 17% 17% 17% 106% 106% *106% 109 9% f-Vs 9 79 % 79 3 17% A% 67% 68% '•66% 11% 11% 11% 12 35 35 Va 35% 35% 36 -■ 90 % 91 91% 91 14 % 14% 14% 14 Va 14 49% 50 90 - 50 51% , 107 . 6% 6% 13 V4 13% Vji, 190 18 Va 18 18% 17% 17% V- 2.700 12% Va 79% 79 Va 13% 51% *39 39% 8% 8>A 113 *111% 35 4G 37s 51% 8% 4 *111% 113 *9 Va 10 36 1,900 47 47 *45% 47 53% 52% * UiVz * r 54% 75 61 62% 300 U S 300 U S 12,700 13614 136 25% 25% *48% 135% 25% 136 136 25% 50 100 63.100 1,000 4% 4% 5 5 Va 5 100 *95% ; 16 *16% ' 5% 5% ; 99 A 98% 15% 16% 800 17 5% *5% 600 5% 5'/a 5% .5 40 *38% 40 *38% 40 39 39 10 82 82% 83 81% 82 82 82 190 82 - *175 21 %V 21% — A —• 35 22% 22% 22% 22'A 22% 13% 13% 13'A *34% 35 34'A 34'/4 13'A 13 % 13% 35 35'A 35'A 1161/2 16 *115 A 16 50 50 "IIS/.T 116% ■' . *115 ,V, *115 116% 16- 'A 16'A 50'A 50 50 *87 90 *87 90 95 *86% 95 *86'A 95 25 24% 25 ■■24% 24% , 2,100 16% 50'A 90 ' 95 *90 '• 24'A 800 , 90 *87 ■ 1 ■ 25 1^' 16 50 Vs ... •■•*'•' .^-i' ' 1.200 24% ■ ' 4' h 59 61'A 119 4 t 119% *57 59 '2 *45% 47% 37% — 60 — 119% __ „ *55''2 __ *45% __ 60 60 Va *118% 119% *55'A 57 *45% 47 *37% 37% 37% 126% *121 Va 60 119% 60 48 37% 127 4 4% 4 4 Va 7,500 • 6% 60'A 2.160 119'/a 200 Va 50 Va 59 60 62 *45% 45% 45% 36 'VA 3 7'/a *37 *122 Vs 127 *122 . •; —' . 300 47% 4 ■ ' •' div El & 66% 14 14 31% * 14 66 % 123. 32Va 106% 3114 footnotes see page 14 *31 VA J06% 10714 For 66 106 % : 66 13% 31% *107 66 14 31% 107% 66 13% 32% 107 66 13% 32% 107 *65 14 pref 25 —25 6% 32% 107% 107% 500 "1.100 700 40 Wabash-RR Waldorf ... ^ 4%% 47c - :' 22% July Jan 102% July .162 13 79% Jan 30 24 Va Jan 28% Mar Nov 40 10 x24 Va 20 93 V2 Jan 15 17% Jan 123% Dec 16 Jan preferred i_.r: par 24% Dec 4 Jun 13 109% 55 Va 18 1 % July No par 100 114 17% Jun Jun 2V„ May Jan 1 Jun 69% x26 35% Jan Sep 42% Dec 16 17% Dec 30 7% Jan 106% Dec 14 94% Dec 96 Dec 1!% Aug 30 2% Jan 9 Jan 78% Aug 30 38% Jan 66 Julv v v 15Vs 9'/a Jun 11% Dec 15 5V« Jan 12 23% Nov 91% Dec 15 60 % Mar 76% Sep 15 % Jun 8 52% Dec 29 Jaii 29% Dee 109% Dec 16% 99-i 4 7% Sep 3 9 21 • 35 Apr Dec 100 Dec 3'/« Jan 5% Apr Vy 5 4% Jan 13'A May 10'% Dec 11 84% Jan 99% 21% Feb 17 9 Vs Jan 12% July Jun Dec 186 27 1 59- - Jan 75% Ocl Apr Dec 168 181% Jan 10Va Oct 44% Nov 4 15% Oct 18 7 51 Va Nov 30 39% Jun 30 Jan -• 43% July 11 9 5 Dec 33% Dec 9 Sep 9 % 15 Sep 113 5 Dec Jul J 19 • : 88 5% 4 . 13% *42% Julv 7% Jan Jan Apr 19% ■ Apr 114 Jan 108 ; 4% Nov Ocl 8"« July 9% Jun 10% Dec 16 8% Nov 37% Jun 27 29 Vs Jan 37 l/s May 6 2.9% Jan 42 >48 Nov 48 'Dec 29 32 U Jan * 130 : Dec Jan 62 May 64% Jan 47% Jan 101 '46 78 'Dec 19 63% July 10 136% Dec 18 Sep Jan > 15 Dec 46'A " (it% July 13 150 Jun 3% May Jan 25 Va 4% Dec July 44% Jan . 4 54% July 14 1 74 Nov 59% July Jan 112 125 July Apr 27% Aug 20 20Vs Nov 29 4J% Dec 26 42Vi Jan 50% Aug 4% Nov •"* 3 1% o'an 3% July % Jin ' 5% Oct 9 106% Dec 13 18 % 6 July July Oct 13% Dec 5 2% Niv 6'A July 30V« Nov 7 29 Nov Oct 88 5 81% Dec 176 3 Jan 56 20% July 41% Dec 24 59 Va 150 . 41% July 75% July Jan 165% Jan 15% 8% Jan 52 Sep 16% Dec 5 25% Jan Dec Nov 25% July Jan 27 8 23% July Jan 4 Jan 4 Oct 20 May 15 14 Vb Nov 16 5 9 115 12% 37% 120 M*r Feb Oct Oct 51 21 40 Vs Dec 44% Oct Dec 22 51 Jan 65 Aug 85% July 21 57 Feb 67% May 25% Aug Feb 11 Oct 85. Jan 7 Sep 14 Sep 7 Jun 14 38% Feb 17 37 Jan 21 33 Apr 19 102 Jan 4 149 Feb 14 20 % Nov 26% 2'A 1 5'A Mar 24 62% July 5 Feb Jan 6% July 39 Jan 68 Va July Aug 23 120 22 20% 19 27 Jan 18 29% Jan 125 Oct 20 80 Jan 155 July 6 113 Jan Nov Oct Oct 35% Sep 110 Aug 150 Nov 45 "40 Jan Dec 38% Nov 63 45 • , / ' 18 2 24% Jan / 40Vs Dec 14% Dec 7% Jan 31'AtDec 30 20% Jan 11% May 28'/a July 108% Nov 27 68 3 Jan 1.9 Apr * 1 Nov 14 Sep 3C% Dec 3 3 2 Feb 7 Jan- 13 Dec; 21 May 25 Apr 19 Jan 27 May 18 Apr 26 Jan 28 Apr 4 Jan 18 Jan 4 Jan 4 Jan 4 Apr 27 Mar 20 Jan' 22'A May Jun Oct 28 ;. Jun 33% July Jan 18% 114% Jan 70% July 11 114 41 Va Jan 25 40 10% 26 % xl05 May 15 12'A May 15 70 21 Vs 3% 50 113% Oct 97 Dec V: ' preferred—.'.100 System.—..———No Walgreen Co.. ,r 100 .100 Detinnlng Co.. Preferred 66% 14 32% 100 pfd.__100 Ry : 66 $5 Co preferred Vulcan *145 100 partlc preferred Pow Coal & Coke 5% Iron Virginian 700 37'A 127 Jan 80 Va N0v 63% Jan 15. 60 116% 15% 19 36% Dec Pac Ry._ 100 preferred .100 Victor Chemical Works — 5 Va-Carolina Chemical ..—No par Co— Vicks Si\reve & 5%' non-cum "?T19 60 59% 118% *55% *145 *145 *145 — 4'/b * *121'A __ —— 126% ■ 4 4V4 30 33% Nov 17% 9% 28 12% Corp of Norman — 800 ■ • 116 Va 16 *87 ■ 25 >■ 100 — Oct 28 110% Sep Am—No par 2.50. Van Raalte Co Inc 10 7% 1st preferred—_ 100 Vertientes-Camaguey Sugar C0-6V2 Vick Chemical Co.. 5 Van 1.600 ' *86 Va 90 95 , - preferred. 3% Vanadium 13.300 13 Va 33% 15% -- 16% 50 . —- ' • 22 21% *47 Va 116 Va Co—: 114'A Oct Dec 30 V 40% Jan; 35'A Apr 1 Feb non-cum. Apr 104 6 6 ' 30% Apr 19 1st preferred Smelting Rci & Mm. Preferred j.i *176 *176 *176 35 13% : 105% Jan Feb *118 20% Dec 110 Feb 10 5% /Apr 24 8% Jan 25 1 — > 1.800 100 16% 16% 9.000 5 Va 99 100 1.400 - 4% 4% 5 - 50 *38% 82 Ruober S 3% v. Jan 34% Apr 24 5 Jan 19 16% Jan 3 —— 1.700 25% *48% 4% : ( 136 Va 25% 25% 50 *48% 4% 16 % 136 % 4% 4 4% *95 5% Jan U S 5.400 75% 62 % 61% No par —10 8% Jan 42 88% May 113 115 V 14% Jan 3 ■' 70 Mar 28 170 Jan 10 t 11% Dec 16 118 7% Feb 10 97% Jan 4 40 1O0 130 ^..50 .;'•%■ 48% 50 69 U S Steel Corp No par 50% Preferred— ..100 xll9% U S Tobacco Co—; —No par 22 7% non-cum preferred— —25 44Va United Sto*kyaJd«. Corp..,.;^—i—I 2% United Stores class A 5 2V4 $6 conv preferred——No par ' 76 Universal-Cyclops Stpcl Corp....—1 14% Universal Laboratories Inc 1 3% Preferred .2-No par 31." Universal Leaf Tob—No par 68 • U V 2u0 56 Va 55 Va ... tU S Realty & Impt 13,100 52% 144 Va — Jan Feb • 50 41 20 ——-10 1 Plywood Corp.... 3% *74 75 Va 62 Va 61% — — U S Pipe & 47% 145% 55% 54% *74 1 _i_10 ; —.. ' <r" 100 ; Foundry Playing Card Co 52 53 V* l'±0 */2 preferred 3% 3% 3% No par No pur A_____l_-.No par 47% 48% ..100 5 —50 .1 Preferred •:> 1.200 35% 100 20 Co. U S Lines Co 36,800 8% 10 *47% Leather S .1 Jan Nov 119 July Jan 8 9 8 Jan 6 26% May 5 75% Jan 12 11% Oct 30 28% Jan 19 -lO.-W 4 —, Much Corp Hoffman S Prior 36 ' Co preferred Partic & conv cl 113 8% 8% 8% U 1,500 31 9% 148 *146 8% 31 Co— 5% Ir conv preferred— V S Industrial Chemicals/ 80 - 35% 9% 75 4% 16% *150 *111% 54 *4% 40 *37'.4 113 48 52% 52% *176 *121 30% 53 *48% 98% 3% 2.800 47 3% 4 U 900 8% 60% 25% is 25 39% 135%> 4 3'4 *87 39 8% 30% 47 a 50 *86 Va 39% 8% 35%: a 135% 16 39% 8% 75 52 4'A *47'a 14 51% 59% *73% 74''2 4:% *115/, 14 51% ■ 4'A 35 14% 51% S Freight 7% 1.900 *14 preferred. U S Gypsum 10 , *51% 14 48 % 1471a 147 53 48 • 183 U — No par No par —No par Foreign Secur 1st $6 1.400 80% 80 *181 •5.1% 35 46 3% 52's 9% 9% 35 *47% 147 8% 8% 8 9% 81 183 31% 31 31 80 *181 39% 13% 52 % 79% 182 *181 183 ' 46 *13% 17% V 18 Improvement Co.—13% preierred ——— Paper board ; U S & 13.300 105% *111% 113 5% United v 5 United Mercli & Mfrs Inc.. ,1.000 105% 31 48 21 "2 (6% ; —..5 2-No par Fruit Co.— United Gas 330 V 107% 13% 8 35 'A *80% 6% 105% 31 <*53b 107% 6% 13% 39% 35 <16% 50% 107% 6% 50 10o% 8% 8 *38''2 50 Va A107% 6% 13% 13% 10 *4834 7,100 5.700 105% *51% 52" 607 14 Va 51 *105 39 25 7 14 12% 79 77« s 14% ... 92% Cos-— & Fdy United Engineering United 3.200 93% 92% * *9% 60 1.700 Coal Electric United 5.300 10512 *181 ' 52 240 12 35% 12% 13% *145 W 11% 35% A: 5 100 _L10 .2 preferred—. conv 59 42 x76% ; 26 20 — .1.100 Va 105% 181 48 100 66 Va •-66 68 107% ' 107%' 107 6% 4 *45 109 *106% 109 « 135% 8.900 38 lii 17% 18 18 3 1-25 7 11,200 17% 38% 1% 39 Va 35 105% H *73% 30 Va 1% 11% 12% 37a 58.800 1% 67% 6% 51% 1% 1% 11% % 51 *111% IV* 38% V 300 *66% 107% 30-% 28% 9% 14% 8% *26% 9% 89% 14% 38% 27% 9% 35% *51% 27% 9% 9% ■ 28.'; 9V4 11% . *26% 28 1% *106% 66% 900 • 67% 17% 109 200 JUn 25% Jun Jun 15% Dec 82% Jun 100% Feb 24 22%«Apr 18 4%% • preferred —100 102% Jan 19 United Biscuit Co. -No par 7 20%' May- 4 0% conv preferred.. —.100 110 Mar 23 United Carbon Co.t. ..l.„N« p«r 61 May 5 Dnited-Carr Fast Corp No par , 22 Jan 3 United Corporation— L-No par IVa Jan 3 $3 ©referred No pa* i 31% Apr 19 United Drug Co —5 12% Apr 18 $4.75 preferred No par 95% Jan 4 United Dye wood Corp——1 € Feb 5 Preferred ...— 100 " 45% Apr .19 5% 800 24 V 66 Jan 10 Feb 7 Sep 7 Feb 19 Feb 5 Sep 14 Jan 3 Feb- 1 26 United Aif Lines Inc 114 *66% 67% ■! 120 Va Tank Car United Aircraft Corp 17.000 *23% *112 66 34% 38 % *9% . G6~ 120% 24 *112 —.TOO No par —25 100 California Union Pacific RR Co i 4% non-cuin preferred Union Oil of Union 600 109 1 % 1% 13 "4 121% 24 112 66 * 34 34% 121 23% 23% •"'•—-A. 06 34 121 f.v 121 120% *23 A 34 34% 109 109 109 34% 31% 32%. 31% 109 109 108 120% 32 31% 31% , *26% 11% 181 1,600 116% 29% 30 30 " of Mo $5 pfd—No pat No par Preferred $4.50 series i 10.700 103% *112 A tWi'a 18' 21 Va 116 % 39 *165 > 103% 33% 28 51 % 21 Carbide & Carb— Ei „Co 20 114 114 A 21% Union Union 115% 66'A *107 114 20% 5.700 118 *116 118 114 21% 80% 103% 30 23% *106% *116 30 107% 120% 17% 118 114 21 . Bag & Paper. ! 115 35'% 1% *116 20% 29% 34% 38:% 80 % 8.800 114% 30 Va *26% 80% 15'/a 51'A 9% 76 113 109% - 17% 93% 92% No par No par No par Fisher Co Elliott 103% 30 • 14% Under Union 103% 107% 66% 14% 1.200 114% 30 *112 : *113% 118 20% v 79% 114 104'/» *106 • 79% 20% 114% *23 79% 14% 79% 15 *113% 114 % 30 14% *116 1.18 *113% 114 *103 14% 79% 14% 79 % *116 5 59 *58 , , Dec 161 Volume RECORD NEW YORK STOCK Jan. 1 Dec. 30 f %' 64 ' t per share *19 19% $ per share 64% 19% 19% ■ 9 8% 9 9' 9% 9 % 9:,« 9% 9:!'4 9% :: 1% :%>:!% 1% 1% 1% 1% 58% 58% 59% 59'% 59% 13% 13'/a 13% 14% *33% 35 % *34-'' *24 •: 24% 24% 24% 22% 22 % 22% 22% 58 59% 14% ft 13%" 34% 24% 24 Va 24% 24% 22% : 23 22% 23 30'% 30% 10% 25 Va 84% "82% 26% 102 % t 110'% 111% 112% V 102% 102% 102% 102'..: 102 % > *110% 117% *116% 1U2'•'■ 403 117 110% 117% 24'A 25 Va 109'/a 109'% - v; 34% 34% 35% 34 - 5'A 5% 5% 14% 15'% VA 14% 5% 14% 31% 31% 30% 31 % 30% 32% 34 Va 35 Va 05 66 64'A 65 Va 64% 65% 67 69% "A 44% 45% 44% 45% 45 Va"*' ;-V- 44'A' v 30% 124'A 150 % 151 151 35 123% •124',2 151 % 150% 35% 35% *110 106% 69 105 ■; *63 105 *63 31% 89 89% A A, :L*: : 1 8 Va - ! 8% 8% 8Va 8% *81'/a 84% *81'/a *31 32 Va 8 8% I 84% 8'A ! 8 Va 31 V 31 31 ■■ ; - 17% 10% 10'% 10% 10:'i 10% 10% 10% 10% 98% *98'A 98 Va 98% 98 Va 98 7% 99 *98% % 9 8'A 13% 14 14'A 13% 14 13% 14 13'%: 13% 13 17% *128 *123 *128 18'% 17% 18 Va 17% 18% ' 22% 22'% 22% 22% 23'A 23 23'A *22% 41% 41% 41 Va 42 41% 41% 41% 42 37% 38% 38 Va 38 Va 38% 38% 38% 38% 38'A *77% 79'% 79 79 79 Va 79 V:;'?80 82 *78% eo'A 79% 82 81 81 82 80% 80% %■■■ . 83% 1- 70 14 ■ ,71 84'A 70 82% 81 *69 14% 80'A 69 69 13% 14 34% 34% *33% 34% *33% 34% 13% 13% 13% 13% 13% 19% 20 19% 20% 20% 39 39 39 •Bid and 34 34'A 13% v: asked prices; no sales on 41% 106% 20% 20% 20% 20% 20% 20% 39 40 39% -5% 39% "39% 39% 5% this day. 6 tin receivership, a Week Ended Jan. Saturday— « Monday— 1,341,420 2,163,510 - 1,826,740 1,798,330 $76,571,400 : Thursday— Friday— Total— — — - 138 Jun 31 Jan 40 July 22% NOV 29% May 12 106% Jan July 17 52 Mar 60 Apr 104% Aug 25 85 Jan 99 Oct Jan Jan 24% July 71% July 15 Jan 20 13% Jan 22% Aug 2% Jan 77 3 7 32% Dec 20 92'A Dec 13 58% 18 Feb 5 1 'July 18 7 Jan 22 7 29% July 26 9% July Feb 20 y 7 5 13 - 4% Jan 14 9% Apr 5 2% Jati 6% July —1 6 Feb 3 20'A July 5 2'/a Jan 9 Va 8 Jan 3 11 Va July 10 4'A Jan 80'A Jan 4 99'A Nov 21 57% No par - pfd 123 100 - rDel) . Mfg. Co — 58 Foreign— —— ——— 1,095,200 — 76,571,400 Railroad & industrial Total < — $122,000 ~ $77,788,600 17% Jan 24% July 30% Jan 42'/a July 16% Jan 25% 82% Nov 8 44% Jan 54 Jun 84 Nov 4 46 Jan 57% Jun 8 91% Dec 5 78% Dec A 74% Nov 1 68 Va Jan . 14 22 Dec No Zenith Radio Corp 20 Va July 25,000 $1,095,200 $122,000 Av- Calendar Year 5 30 Jan 41% July 62 Jan 98 Not Jan 16% Jun Jan 37% July Jan 4% May 42% July 9Va 33% Jan 3 44% July 12 19% 19 6% July 2 5 y Ex-rights. 1 VVV 7-,••'%-• " , Exchange r. Bonds (Par '••;. Foreign Government Corporate 260,280 $392,000 $20,000 347,870 800,000 531,400 800,000 12,000 $1,000 813,000 546,185 , Monday— —■ — Thursday. Friday— 744,000 37,000 3,000 784,000 838,000 53,664,000 — 17,000 $5,823,700 103,825,200 2,585,055,100 553,245 w 824,000 12,000 2,000 2,238,980 $3,560,000 $98,000 $6,000 ; Stocks—No. of shares . 7/:! 5 ' -: ■ Domestic— ' $4,192,025 —_ Bonde r-- Totar r $3,560,000 ^ Foreign corporate 3,130,112,600 ■ —a, of representative stocks and bonds Exchange as compiled by Dow, Jones & Co. -Bonds, 10 10 Second IS Total 10 Indus- Rail- Utill- 65 Indus¬ Grade Grade trials roads ties Stock® trials Rails Rails ' 152.32 30 January 3_* January 4 January 5 — 48.40 Holiday •;,/% 152.58 154.31 154.42 154.00 48.43 49.04 49.43 59.83 y. . i - - A 98,000 6,000 $3,664,000 20 30 ' — — A -Stocks- unit. 970,565 ' — — Foreign'government 120,413",100 the New York Stock 1—— 1944 1945 $64,448,300 $2,694,704,000 $3,254,717,725 2— 817,000 V Calendar Year 1944 1943 278,741,765 $603,000 January Total $412,000 Holiday — , Wednesday 1943 263,074,018 Value) Foreign Domestlo ■ ; 1944 January Sep Shares) ,J. $77,788,600 December 17% July 106% Nov 21 wdWhen distributed. x-Ex-dividends. Week Ended Jan. 5,1945 Tuesday Date— 31% Jan 29 of 9,774,000 17,829,400 21,115,600 22,141,400 on |-;v 7Jan 20% Dec Jan (Number 19,000 36,500 23,500 2,165,000 61,680,300 listed SPA' Sep 77/a 14 3 13 No par Apr 15% July 20 33% Apr 24 96 Jan 6 par 70% 21% 36% July 17 3 14% Jan 3% Jan Youngstown Steel Door 108 Oct 30; 6 27% Mar , , Deo 121 July 6 44% Oct 11 9'A Apr 25 29 1 No par Youngstown Sheet & Tube—No par 5Vs% preferred series A 100 Below are the daily.closing averages Miff. Jan If; Stock And Bond Averages ir.'G. Oct Apr 115 Sep 30 24 4 Dec 13 Zonite Products Corp. _ ;v 86 Va 11% Apr 26 49 5 Sep Jan Jan 41% Nov 13 19% Apr 27 3 10 - 125 Sep 25 9'/a Oct Jun 9 14'A July 14 5 10% Jan —10 — 69 Va Jun $6,928,200 1944 8,146,440 - Oct Apr —5 *20% Transactions at the Hew York Curb Bond* ——— 27 31'A Dec 27 Week Ended Jan. 5 U. S. Government 86 Jan 87% Oct 27 24 on* Sales Bonds Week Ended Jan. 5 Stocks—No. of shares Jan 40 24 Jan par par $18,000 4,083,210 Jun 7 Va X64% Jan No No 224,000 268,000 174,000 248,000 1945 Jun — 66'A Jan 28 1 112% — 18 -No par Tr Dec 107% Nov 30 59% Feb 19 Stocks Holiday - Jan July July 21 111 5 $181,200 21,868,400 8,146,440 ' WednesdTy 100 5 Saturday 20,918,100 ——. — 1,016,440 Jan 12 20% Feb 24% May Jan 81 105 Va Jan 101% May 26* Dec 24 Va 15% 29 120 United States Total Government Bond Bonds $6,729,000 %%%-•.>. 9,531,000 17,534,900 - * — Nov 12 Dec Daily, Weekly and Yearly Foreign Bonds Shares 22 49% Oct Oct 13 Deferred delivery, n New Stock* r Cash sale. I Special sales. Railroad and Miscel. 5,1945 - Tuesday Stocks, 37 Va 30 9 7'A Jan —.~.— 29 32 Young Spring & Wire 900 Apr 36 \e Dec 127% Mar York Corp 10,300 Apr 11 Va 31 % Dec 126 Jan 4,900 6'/a Jan ——— July 10 31V4 July JO 7 Feb Jan 5% 151 % Dec (F W) Co Yale A Towne • 31% Dec 29 Apr 24 Dec " 4 Daily, Weekly and Yearly Number of 3 22% Jan 20 Oct Sep 31% 2'A 5 47% Jan Transactions at the Hew York Stock Exchange ■4//0-* 6'Atluly 16'A July 100 100 160 r 6% 6 6'% 7 3 29% Dec 29 16% Jan 8 Co Oct Jun 110 Jan 19 3% Jan par 400 ■ 103 13 ; Oct 87% 119 Jan 4 6 29% Dec — (Wtil 11% July 10 Dec 37'/a Deo 36% Jan 4,000 > 28 110 20% Jan 17,100 106% Jan Jan "7% Jan 21 Wyandotte Worsted Co 11.100 *19'% 19% 41 r;.,.41% 106% 41% 106% 57 109 10 TOrlplisv 2.200 * 29 No pfd 4%% series Prior pfd 4'%% Conv series Wright Aeronautical -No 90 < Dec 118% Sep 18 4 Feb x91 Prior 400 » 103 26% Apr 25 50 ^.50 Worthington P & M (Del) 400 v 14% . 106% 106% 5% 5% 5% 5% 13% 13% 20'A 19% 42 -.40% 20% 39 13%, 70 70 ' 40% 106% 39% 106'% 20% % 20'% 19% 20 106% 40% 40 106% : r :■ V 13% 14 13% ■ 84% : 34'% *33% 13% 14'A 14 *83 71 Aug 99 1 16'A Jan 103 No par Woodward Iron Co 300 80 .:• % 80 84 % 83 *70 V';: Dec 85 Jan 1 113% Apr *.No par Motors preferred Woolworth 3.400 38% 20'A Jan 67% ' ' '79 Jan 60 Va 53 Va — 1.800 , 8% 4 18 85% Apr .——.20 6.800 V 23 42 30 Dec 66 % Dec Wisconsin El Pow Co 6% ( *128 *128 22% *78 t 79% Nov 25% Jan Co Wilson-Jones ■;y2.300 26% July Jan Dec 28 10 Wilson & Co Inc $6 Jan No Par preferred Oil Willys-Overland 900 % . :vV V 42 Prior Wilcox Jan 113, 3 16 29 — 8% July 2'% 17% 102% Dec 9 Jan Feb <— — 30,000 11% 98% preferred Sep Dec July 1 18% Feb 83 Apr 69 5 19 85% Dec 20 6 96% Feb Wheeling & Lake Erie Ky—-—100 • 5%7tf conv preferred——100 Wheeling Steel Corp* -No par $5 conv prior pref— .No par White Dental Mfg (The 8 S) 20 200 Jan July 26 17% Jan — .No par —4—No par preferred 54.300 av: is 18'/a 10% 18 $4.25 10% July 25% Jun 22% Jan 26. 77 9 Dec White Sewing Mach Corp$4 conv preferred- 3.700 ? ( Instruments——12.50 Elec 31% Dec Jan .6 6% Jan 3 *. f 3.100 1; 8'A 20% class A-No par White Motor Co }■- 31 8 Va 8% 8.400 500 8% 84% 8% : 4 570 i 27% 27% *80 8% iZ- i 7,700 V: -'VV,;v: 22 W A $ *21 % VA' 26Va 22 22 27'/a 90 *89 90'A 90 27% ' 20 •32% $4.50 '; 20 -f 23 % Jan 41 preferred—. partic Weston 50; : 105 32 33% ■A: 69 *63 105 r V -4:. : 33 *31 8 7% V■ '■ 106'A 84% - *80 33 *30 : 22 26% 26% 8% 84% • 106 32% 90% *21% 22 26 % 8% 8% 89% 89% 89 *21% 26% 26 % 32'A > 111 106'A Jan 65 Westvaco Chlorine Prod— 1.500 29 *110 69 *63 *104% 33% 29 -A 110 106'A • 22 *21% 69 106 32% y.- 29 1 110 106'A 1st 190 r f'-i i.ioo ■ 15% 12% 23 56 Jan 7% Aug 23 22% Dec 25 100 Wcrstlnghoutse El & Mig— 6.200. 34% 34% :-v- 25 com—No par Westinghouse Air Brake— i: 5.900 151% *148 35'4 800 f • 1'! 124 122 V 151 *28'A A: ■' 124'% ; — 35'A 29'A 107 V *104'A 30 V« 151 111 *63 69 % 105 31% 32% *80 28% *106'A 111 *106 1 -26% 30 Va 32% 23 a A Western Union Teleg Class B—— 42.300 46 26 Va 30% series Preferred ' 9.100 : 26% 124 35% • 111 110% 106% *104% . 28'A 28'A 27% 27% ■ 73 15% July Dec -No par Fuip & Pap Co preferred Supply Co— Western Pacific RR Cp 11.200 38 72 30% V 35% -35% 124% 150% 37 VV • May 2% Mar Jan 62 Jan 27 15'A Apr 100 • 13 22 Western Auto | 3.000 ■ pfd ' '• Jan % Jan 2% Aug 21 Jun 22% Apr 25 100 -—10 Western Maryland Ry— . 100 4 ft' non-cum 2nd preferred 100 '6% 220 ( 1.200 i 5,600 , 15'/a AT 5% • 26% 31 124 7 a 123% 110% 15% A •V.- A 44% 27% *26% 30% 30% 30% *106 A' ■ 27% *27 26% 30% 15 * ' West Va 2.400 » ' 44% 1 4% 11% Mar 31 Oct 9% 15 July 10 36% Dec 2 100 .100 - Power 4'%% West Penn 120 - 109% 109% - t *107'% 34% •33% 34%-' 5% >: 5% 5% 109% 34% *34 5% 5% 24% 24% 24% *24'A A 5% 15 i 117 18% May Jan 26 -No par —>1 Sugar Corp— preferred 6% preferred 170 Jan 4% May 18 Electric class A—No par 7% 90 • 109 % , 116% 117% Indies West Penn 80 15% 11% Apr 24 14 ——-No par Snowdrift—No par preferred—— $4 conv West 11.200 " 24 Va 24T« *107 102'% " 9 27 9 22% Feb Eisettlohr Webster 27 45 —50 5 & Pipe Wesson Oil & ioo r 25% 102% 110 1 J 85 20% 20% 102 110 24% 85 85'% 25% 110 , " 4.100 1 ioi%: 101% 111% 111% 26% 20% *101% 26% * 25% *83%' 84% 20 Ve 14% 44 700 21.600 10% 10% *24%, , t 30% 30% 10% 24% *82% > '109% 109 % ; 600 Nov 10% Jun 3 Jan 1% Feb No par Washington Gas Lt Co—No par Waukesha Motor Co -—5 Wayne Pump Co-——_1' 1.800 22% . 7% Jan 8 No par Pictures Warred Fdy 300* 54% x20 preferred--.— Warner .Bros 41.400 ■> 25% ' ' 10-% 25'/a 102 *34% - 30% 30% 10 24% 101 24% *25 ;r 14 % 34%' 34% 22 10% 102 Va *116% $7 34% 34% 111 % 102 >4 1.000 Jan 17% Jan 12 —No par Co cl A—. Ward Baking ' 28 *110 59%* 24% 9% 24 102 . Class B—— 13% 4-14 30% *29% 85 »/2 26% 102 3.700 34% ? A 13 Va 35 f 24 >a *81% 1.000 1% ' 10 10 9% Highest t per share 38% 68 Feb S per snare Nov 22 4 No par 9% 1% t per"share Share 48 No par Co Walworth 9% Lowest Highest No par preierred *9% *58% 59% % , * '' 23% 21,500 Div redeem ' 30% ,*29 '/a 300 G & W (Hiram) Walker 3.200 19 % 1% 9% l % 7 66% 9% 9 !) % I per Par Sharee share 19% • Lowest 9% 8% : / per 65% 66% 19% > t per share 65 04% 05 *19 19 * per share 05 0518 19 ■ < per snare Year 1943 Range for Year 1944 STOCK EXCHANGE the Week Jan. 5 Jan. 4 NEW YORK Sales lor Friday Thursday Jan. 3 Jan. 2 Range for Previous STOCKS LOW AND HIGH SALE PRICES Tuesday Wednesday Monday Saturday 123 FINANCIAL CHRONICLE THE COMMERCIAL & Number 4349 First 2G.37 56.55 107.10 112.89 26.41 56.63 107.62 112.56 26.39 57.21 107.09 112.80 26.31 57.34 107.14 112.94 92.99 26.26 57.36 107.18 113.05 93.20 91.74 Holiday 91.75 92.69 10 Utili¬ ties 108.75 71,061,713 71,374,283 $4,140,000 $169,546,500 $217,167,000 . 146,000 36,000 10,277,000 1,250,000 12,564,000 1,315,000 $4,322,000 $181,073,500 $231,046,000 'S8S Bond Record '•'' '.• .- v-:,Ci : ■ '«»> WEEKLY - ••• The italic ■Bans 0 Interest Last Period Exchange Sale Price 5 ■ S. Treasury Treasury 3s 3s 2%s Treasury Treasury Treasury . 2%s— 2%s— 2%s 2%s Treasury Treasury Treasury Treasury 2%s Treasury 2%s_ Treasury 2 Vis Treasury 2Vis Treasury 2 Vis — -1952-1954 1956-1958 —1962-1967 1963-1968 __June 1964-1969 " -Dec. 1964-1969 -.1965-1970 -.1966-1971 1967-1972 1951il953 1952-1953 __1954-1956 1956-1959 1947 Mar 1948-1950 Dec 1948-1950 Jun 1949-1951 Sep 1949-1951 —...Dec 1949-1951 -March 1950-1952 Sept 1950-1952 — _ 2Vis_ Treasury 2 Vis 2%s Treasury Treasury - 2Vis Treasury 2 Via Treasury — Treasury 2'As 2'As. Treasury 2'As Treasury Treasury 2 Vis — Treasury 2s Treasury 2s_. Treasury 2s Treasury . 2s Treasury 2s Treasury 2s Treasury 2s 2s Treasury A —1951-1953 2sX —1951-1953 June 15 1952-1954 Dec 15 1952-1954 __1953-1953 June 15 1948 Treasury 2s Treasury Treasury 2s-j(, 2s Treasury. 2s Treasury : l3As— Treasury *103.24 103.26 105.9 106.9 103.20 103.21 105.18 *109.30 110 109.28 110.19 *103.12 103.14 104 104.20 J-D M-S *110.29 110.31 112.24 112.24 111.16 .—1945-1947 M_——; series TVis New Series No. Series No. 3%s Series No. 3%s Series *101.17 101.19 *106 106.2 106.3 No. 106.24 J-D *10.9.15 109.17 108.19 109.12 M-S *112.6 112.9 111.9 111.15 *112.6 112.9 111.7 112.20 111.7 M-S , __ J-D „ No. Series No. 3%s Series No. 3%s Series No. Brisbane 111.13 .*> Series 3%s (City) s 112.17 J-D *112.18 J-D *101.27 101.29 102.28 103.9 M-S *106.1 106.3 106.16 106.24 J-D *106.31 :107.1 106.14 106.31 M-S *107.19.107.21 107.7 v 107.7 *104: a af-s . ,104.2 103.29 103.25 103.17 103.22 '100.28.'<T00.28 ?' J-D 100.18" 100.17- 7 J-D el00.14 J-D 100.11 100.19 M-S __ ; J-j J-D 100.12 22 100 100.11 23 100 100.14 100.19 26 100.4 100.14 100.9 100.23 106.9 107.3 102.8 102.8. 106.18 107.21 100.20 A Chile 102.6 *102.4 -. >107.27 107.29 __ • 100.27.; 100.27 M-S J-D *103.21 *101.28 J-D 104.8 101.26 101.26 *101.21 M-S . 101.22*5 101.19 101.6 ; 101.10 100.25 100.5 *100.25 100.27 *101.9 __ M-S 100.28 100.16 15 100.9 100.13 100.13 20 100.8 100.19 100.11 *105.28 105.30 105.12 100.13 J-D J-D f__ J-D 101.5 ACiille 1980 Corporate Stock 112% 113'/a! 113% J-D J-J 1942 M-JV 1900 A-O A-O Feb 1961 r-A 19G1 F-A : 6s s —Jan 1961 1961 *21 ft M-8 1981 M-S 1962 1962 1963 M-N 1963 M-N 1957 J-D 1957 J-D 1961 J-D ; 19 18% 18% 2 17% 19% A-O ; 18% 18% 5 16% 18% 18% 2 17% 19% 18% 18% 42 16% 19 17 18% 18% 15 18% ,*16'/4 17% 18% J-D 1960 M-S of J-D 1901 1928 1927 —Oct 16% (J-:'/:';}1 A-O 1961 A-O M-N F-A 1952 5s. 69 49'A J-D .1953 (City) J-J A-O 1947 ASinking fund 7s of 1926 Wertheim &. Co. Af-N 70 M-N 33% M-S 4%s external .1953 *T: .1951 Municipal & Govt. Agricultural Mtge Bank AGtd (Colombia)— 1947 1948 sink fund 6s AGtd •'* sink fund 6s F-A 1943 J-J 1945 C—___—1945 —1943 AExternal a f 7s 1st series _1957 AExternal sec a f 7s 2d series—1957 AExternal sec a f 7a 3rd series__1957 AAntwerp (City) external 5s 1958 Argentine (National Government)— AExternal s f 7svsefies B J-J > '. v ' 35 ; 35 A-O J-D s f 7s„— lABrazil (U 8 of) external 8a Stamped pursuant to Plan A 1941 (Int reduced to 3.5%) 1978 AExternal s t 6'As of 1926 11957 ' i - Stamped pursuant to Plan A (Int reduced to 3.375%) ; V AExternal s f 6'/2s of 1927_ Stamped pursuant to Plan A (Int reduced to 3.375%) (Central A 7s -. .. •t... Ry) .1940 A-O 85 100% 17 36% 16% £ 31 ,>16% >> 90% .56% . M-S .1969 A-O 1969 A-O 1967 J-J 31: .1949 J-D 95 ;1949 mm 5V2S 1st series. 32 -32 F-A 102% 98% 101% 39 90% A-O • . 89 .90% ; > , unstamped ...7s 1957 : II 100 100 : mm 30 ' 101 V'2 100 ; 48 106% 106% 2 m-."" *V•;' . 5 90% . 82% 82% 93 Haiti 93 13 90'A 90% A 6s 99% part paid- (Republic) 100 M-N 95% . MM. . f 95% 96'A *• J-D J-D .W • > 102% Mexican 100% *+' 102 j 105% 50" 15 54'/4 61 J-D 58% 57% 57% A-O 47'/a 63'/a 52 56 Va 1979 1952 A-O *59% J-D 56% 51'/a __ J-D 1979 63'/a 58 A-O 1978 47% 16 57% 57% 57% A-O 49% 5 (State Mtge Bk) 7s 6'/2s 1954 -1954 (Colombia) Irrigation— A Assenting to to 5, 1942, agree 1943 1943 Q-J agree : a. 11%. 10% 1 ..8a 1942, 10% J-D :.y 14% 13 10% — *21% J-J 9'A •' 10% 16% MM 13 ft For Financial 57 52% 52% 3%s Series No. 3%S Series No. 2 3%s Series No. 3 3%s Series No. 4 3%s Series No. 3%s Series No. 6 3%s Series No. 7 *52% *52% - .-—MM. MM 52% — , Series No. 8 Series No. 9 Series No. 10 3%s Series No. 11 . ■ 12 mm — No. 13 19 Institutions 14 mm— 3%s Series No. 15 mmm 3%s Series No. 16 3%s 17 Mm Series No. Series No. 18 mm-#. 3%s Series No. 19 mmm mm mm — ' 54% 62 58% 58% 50% ' 50'/a 60 MM MARKETS . . . 58% 50% 56'A 52 56'A 53'A 57% r.ARL MARKS & no. INC. FOREIGN SECURITIES SPECIALISTS 55% 50% *52'A ' FIRM TRADING 59% 53 57% *52'A 51% *52'A ■ 128. *52'A *52'A mm — 3%s page ' mm SECURITIES 60 53 54% FOREIGN 57% 52% *52'A mm — No. 55 53 0T\ *52'A ' No. Sereis Series 58% *52'A • MM * 59% 51% 60 50 Broad St., New York 4, Telephone HAnover 2-0050 * ' 18% 16% 61% 53 *52'A MM : 61% 50% 52% , 1^1 m 'jJTt *52% — _ 3%s see : *52% . 3%s For footnotes 55 61% 51 '15 :•<< i- *58 3%s Series 54 *52'A MM*~ 52'A ,3 52% e53% *53 MM 3%s 3%s 9 53'A 52% 53 MMM. 15 18% mm 29% 19 -17 14% 50 mm 12% 11 11% 51 13 9% *15% 11% 10% __ External $ bonds of 1944 (PlanB)— 1 19 34 98% «.m 17 2 16% J-J agree 18% *10% agree 5ATreasury 6s of 1913 assent—1933 AAssented to Nov. 5, 1942, agree v 18% Q-J , 9%- *19 61% 65 19% 98% 100'A 11% - -—- 1943 i 5, *j- —— 1954 1904 Nov. Nov. ♦ 34 % 97 *11 M-N 1943 I 4s of 1910 AAssented ' , A4%s stamped assented A Assented to Nov. 5, A Assenting 4s of 14 34% *92'A 21% 95'A " ' 5% 3%s 45 106% 100 75'A __ *11% 34% 13 , 1 '101% J-D J-D - 15 10 •■.- 15% 98 V8 56 51 A-O M-N A-O j.960 :1'»57 (Prov) 4a readjusted 18 ••98% 64% 56 f 6s series A 1942, A Mexico (US) extl 5s of 1899 £ A Assenting 5s of 1899 A Assented to Nov. 5, 1942, 65% 54 57% A-0 Jugoslavia AMedellin Mendoza 101 100% 3 60'/a 59% 60 98 iZ'; Jfr *105% -• 101 88 A 101 92 C' 100'A 100% mm . .92 8 16 100 *100V» 101% ' J-J 58 99% 100 100 ; M-S s 17% *14% 19S8 1952 - .Irish Free State extl s f 5s • J-J Stamped pursuant to Plan A (Int reduced to 3.375%) 101 84 1 • 100% *100 *46% t 1964 A7s part paid. ; AAssented 1979 *100'A v ~ , 92 mm Greek Government— . Stamped pursuant to Plan A (Int reduced to 3.5% ) funding bonds of 1931 .1961 36% 36'/a . 16% 35 M-S External 100% 17 1949 ——1953 1953 f 6s 86% 17 *95% s 84% 92 17 M-N external 6'/a8 67% *100 1 102 External 14 *100 5>'; M-N Belgium 78 M-S '• 34 *83 — 71% 77 A-O 5 A-O 35 *29% ''Si?' 89% 81 .1940 34 *29% A-O 77 89% 80 ;•"> oi .1942 1 35 1948 S 1971 8 1972 8 1972 Australia. (Commonw'lth) 5s of '25-1955 External 5s of 1927 1957 External g 4% 8 of 1928 1956 external 4%s f conv loan 4V2B f extl <onv loan 4s Feb—; f extl conv loan 4s Apr S f F-A .1962 71 36% 5 >" 35 *29% A-O External 61% 34 '. J-J A • - U '60 50% , . 35 i 35 ' External s f 7a series AExternal s t Is series D ' 35 J 53 86 *73% J-J ' ■ 66% *60 .••v;/ M-S (Dept) coll 7s A : ■*60 A-O 1968 AAntioquia 1942 69 81% *79 82 59'A > .75 153% 59%' 73% *63 J-J 1955 • . 108% 139% >18 - " (King of Norway) 4s Akershus ■'?: 106'A 100% .104 %f 112% *'/' mm 108 104% 82 ' i-v'V' 33 % 103% 152% 154 A-O 79% -21 25 106VA 107 V7a A-O .1952 c'-Elfir;*: 82 57% 1 70 33% > 41% 59% 76% *107 J-D 41 % 36 33 106% 42 34 __ 70 j.j .1945 A Public 34 „ *106'A J-D .1977 debt 1-1693 51% *106 F-A 1949 Teletype 69% 39% *40% 1951 Rica 57'A 27 69 49'A *71% 69% 1 69 *40% ■. 17% 28% - 57 V4 1 68%' 17% 14% . 16 49 *40% 1949 A Costa 68% > 1961 .1946 bonds 10 31 *21 1970 Jan f $ s 16% 18'A 18% 16% V (Republic of)— of 17% 18% 15%; *16% 17% 16% 18% 18% 17'A M-S I960 18% 15% 17% 17% L— 18% • 17% *16% A-O • 16 17% 17% A-O 19% 16 17 *16 Vi Chilean Cons Munic.7s. external 20 A-O 1961 5s_ 19% 17','2 16% M-N Copenhagen Foreign 16% 18% 1961 (Hukuang Ry) 20 16% 21 18% "l M-N Chinese 19% 18% 1961 assented-; 19% 20 17% "16% 18% 18% ,1947 NY 17 16'A 18% 1901 i 19 19% > 18% 18'/a ft Sep 19% 38% 23 48% ;i8'/2 45 19% 18% ' Broadway, New York 105% 16% 18% ft 1962 A6s 120 104% 18 18% 18'/a Sep sinking fund. 6s A 6s Member« New York Stock Exchange 103'A 18% v. 18% 1962 3s 2-2300 103% 19% 18% 18% J-J es 6%s 40 ,*17 J-J ____Jan f assented Colombia REctor 303% 101% 101% 102 102 102 M-ff a 6s assented A 7s Telephone 101'A 102% 102% J-J J-J Mortgage Bank 6%s A 6s Foreign Securities 106% 102% 103' M-JV 67% 110% 104'A 109'A 109% 189%" 88'A 108% 13 106 % 106'/a 1954 AGuaranteed sink fund 6s a A-O 86V'4 50 ' J-J 1942 f 7s A6%s assented . A '■*' Feb ; fund ASinking fund 114 108% > 101% 18 •' s £1 A6s assented— : - 46 •v-2 *60'A 104% 104% A 6s assented— * 83 83 > J-J 87% 73'/a ■ 1 ' 104% 104% sinking fund 6s AExternal 100.28 M-N ' -J r J-J A6V2S assented - ■Xt > x J-J A 6s ; 101.16 100.28 101.9 101.9 >100.13- 100.14 >_ J-D 81 ' A-O 73'A 11 81'A 81 ■ 1958 assentedAExternal sinking fund 6s: - 81 F-A 86'A 72'A " 95 72 ' 12 81% 81 1953 assented A Extl 105.12 100.17 90 >■ *90 Va 81 15 assented A6s .; 100.19 100.17 100.17 J-D J-D 1 : 99% 15 sinking fund 6s ABv external 101.20 M-S 1900 External sinking A6s 100.21 101.10 100.25 M-S A Extl 99% 102 95% : — 103% A6s assented— 10~L8~ 10Tl9 *101.17 J-D ; 8s_____ (City) (Rep) 17s assented— * i- 95% •' 92 Jan > ,*101.24 101.25 __ 104.8 58'A 92 —Jan __— AExternal . 59% 55 51% : __ 98% *101% 102 M-3 1967 1968 -Jan 15 1948 3s .3s 10T5l 101.27 *101.26 M-S 10L31 *104.10 104.12 „ . J-J 3s 3s - 101.30 30-yr 4s > 2%s 103.23 M-S 30-year ? \ 95 '/a 95% J-D i_1970 1970 1973 1984 1960 1961 3%s 30-year 58% 51% •: 59 *96'/a F-A v 1977- f $ bonds s 25-year * *52'A Jf-S 1958 1950 59% ' 51% *52'A mmm 1957 5s 58% 51 53 *52'A mmm •- 55% 52 *52'A ' 30 60 51 "I *52'A mm- 29IIIIIIIIIIHIII 54% 52 52% 53 mmm 55% 50% 2 54 53 , * 51 % mm *52'A mmm f 4%-4%s s A Carlsbad 100.2 *100.27 100.29 >107.2 107.4 , m— 1951 iDom of) Canada 100.17 100.14 ; j-d 100 > 54% 52 5 53 52% mmm f 4%-4%s__ s external 100.10 100.16 i__ M-S M-S External ,3% High 50'A *52'A mmm f 4%-4%s Refunding . Low 7— 53 •/ mmm >• External readj 4%-45/«s 100.16 100: '■» 1 100.18 J-D 53 mm — stamped External s 100.11; 100.17 Year 1944 (Province of)— Buenos Aires A 6s Sold No. Hisis- *52'A Sinking fund gold 5s Sinking fund gold 6s 104 *103.23 M-S f Range for Bonds Friday's or Bid & Asked ' 27::::::::::::::: 3%s v. Sale Price Low AGuaranteed sink fund 6s Transit Unification Issue— 3% No. 3%s City York No. 3%s Last 1-eriod 20 No. Series Series 103.11 102.3 M-S > Series 3%s 112.24 J Interest (Continued)- bonds $ 3%s 3%s .111.11 110.9 M-S . External 111.23 109.24 •103.18 ■ (Continued) Brazil High 109.20 Owners' Loan Corp— ' Low *109.18 J-D *—1950-1952 2Vis Treasury 2Vis Treasury 2Vis Treasury 2 Vis Treasury 2Vis NO. High M-S 1958-1963 1960-1963 194jJ 1948 1949-1953 Treasury Year 1944 J-D 1948-1951 1951-1954 ——-—1956-1959 Treasury Sold ar Week's Range Friday Stock Exchange New York Range for Bonds Friday's Low ■ A-O 1947-1983 1946-1956 1946-1949 1949-1952 1946-1948 1951-1953 1955-1960 1945-1947 3%s Treasury or Bid & Asked Government 4'As 3%s 3 Ves Treasury Week's Range Friday BONDS York Stock U. •* y.;\ t,y\f; '*•/'; \ .W.t-.v;.* • /!'.•*. •> * •' v >.v .»:; \.;,. i, BONDS New Home -; • . ~v •>;. •. v; disregarded In the week's range, unless they are the only transactions of account Is taken of such sales in computing the range for the year,> . 1- . ' 'v'> -V "" Uj: ■4;>" > A^-: "and are and when outside week, 21354 v' .■'. -■•■ •!..♦ •:.; . .. YEARLY - interest"—except for Income and defaulted bonds. Cash and deferred delivery sales are of the regular weekly range are shown in a footnote In the week In which they occur. No letters In the column headed "Interest Period" Indicate In each case the month when the bonds mature; ;w >:>>>>,• v '-v;/ r"'V RANGE FOR WEEK ENDING JAN. 5 - '•■v.''/- '.''V NOTICE—Prices the Eachang@fi|§lfl Mew York Sleek «» FRIDAY ; Monday, January 8, 1945 CHRONICLE COMMERCIAL & FINANCIAL THE 124 N. Y. Teletype N. Y. 1-971 125 'THE COMMERCIAL & FINANCIAL CHRONICLE Number 4349 161 Volume NEW YORK BOND RECORD RANGE < Interest Last Period Stock Exchange York New Week's Range or Friday's Bid & Asked Friday BONDS :.-:v Sale Price MS *38% 40 1959 M-S •38% 40 1952 1959 External External 98 Va A-O 98 97% 97 A-O ..1963 F-A * 1970 J-D % 98% A-O 1.1963 Af-N Af-N J-D ..1967 1947 Stamped pursuant to Plan A (Int reduced to 2.125% )~ New York 6 Exchane# Stock 39% 40 — 38 M-S 19% 20 30 16% 25 19% J-D 18% 18% 19% 67 16% 24'A 1st 29 17 24% —w' 25 25 y. Stamped modified bonds— 1st intge gold (int at 4% to Oct 1 1946) due July 1948 A-O 1968 -1950 . •13% 16% *25% 17% 25 % 1 14 15 5 12 14% *41% —— ' •' J-J 7%s—1952 1947 (State) extl 6s Janeiro (City of) 8s 37 A Rio de 1940 Stamped pursuant to Plan A tint reduced to 2.375%) AExternal ♦50% : 1 1953 F-A 38 Va y 73 Va 103 75% 407 41% 73% 83% 206 46% 82 75% 352 41 72% -■'■.72%" 75'A y 56 "V 62% 146 1993 j-d 82% 81 Af-S 74% _-JiJ._'._1996 Af-S 75 JFeb 1 1960 f-a due___ L.2000 to : / ; -60% : '' M-n y 31% 58% ■1 64.' 98 t 97% 113 89 94 346 95 93 95% 72 j-j 90 86% 90 26 j-j,y,;v:,.;y 90 86% 90 93'A 1959 j-j 1951 1951 1951 a-o Telephone of Pa 5s series C—1960 Beneficial Indus Loan 21/4S____>__1950 A-O due_>^_ 1947) 73 1.225 96 97 j-j 1 Jan 41% ' (int at 3%% _.1950 41% y ; 90 56% 94 57 37% 48% yV 72% H to 40% 42% 38 38 Va J 159 101'A 101% 100% (int at 1% to ,CJ. /g'west Div 1st M ' 30 101% 73 due___ii 1946) Sep. I 1946) due : 45% 40 A-O 70% 337 99% 100% 75 ~ 41 ■ 100 j-d ,;!' Pgh L E & W Va System— <: 3..; / -.-1 J J Ref gold 4s extended to__;_Ll951 50% 103 High. (int at lVs% C ser gen to Dec AConv 35 4-0 1995 VToledo Cin Div ref 4s A. • A-O to Plan A (Int reduced to 2% )———2012 Rio Grande do Sul (State of)— A extl loan of 1921 1940 Stamped pursuant to Plan A lint reduced to 2.5% )_—.1999 A 6" external sink fund gold 1968 yVA Stamped pursuant to Plan A (Int reduced to 2%) —2012 i . 100 Va F -A 36% 36% 35% A-O 46 46% 39 Aroostook RR— Bangor & ref 4s Con stamped 4s pursuant Stamped & due 1946) Ref & gen ser D y. 50 — 42% 1 ' 101'/2 101% 2001 6%s sec Af-N - jjuts ' 44% VKV A-O : 37 34 F-A July 1948 ■if Sep 1 1946) due ii. Ref & gen ser F (int afc l% 44 % >41 Stamped pursuant to Plan A tint reduced to 2.25% )——2006 APrague (City ol Greater) Ref V 45 36 U..' — ■ Dec 26% ■ 41 -2001 Range for Year 1914 Ref & gen ser A (int at 1 % to % 31 * jtitgn RR— Ohio Si mtge gold 4s 26 y 12% 25% 25% 3-D / 32 25 *13%. A-O J-J 3-J 1966 * Baltimore 26% 11 Va 60 1961 AExternal loan 7%s "" ' A-O 1963 Stamped pursuant to Plan A (Int reduced to 2.375% )- A 40 A-O 1958 ..1947 19'A •25 Sold AO. Bonds Friday's B M-S 18% or Bid & Asked Low 2008 1940 Queensland Last Sale Price 42% 37% Week's Range Interest Period York New 105% 31 Va Friday BONDS * 97 104 % , _ ..I960 A-O Exchange Bell Teletype—NY 1-310 ..1959 ..1961 Slock Telephone—DIgby 4-4933 94% 88% 3 96'A •38% ' —• 88 York New 90 87 97 ♦105 Af-S Members Broadway"' 61 —— 96 : 7s_ (State of) •85% Af-a 99% 83 89% •92 1994 ^ 88 •92 1963 — PFLUGFELDER, BAMPTON & RUST v 101 100 Va 94 98 Va 98 100 98 96 3 •87 98% 100 100 93 16 100% 100% ..1955 P<"-,namhuco 9 98 Af-S 1965 3VxS series B / 98% 1956 Ext sec ref 89 93% yV. •100 y-V —/■ F-A 5s_ f s M-N ..1957 f 5s__ s 105 92 ■V'"—. •103 Railroad Reorganization Securities 42% 42% 32 y~» (State)- South Wales New J-D High 32 ..1958 external s f 6VaS a Sec Year 1944 Low MO. (State)— Geraes Mlnas Range for Bonds Sold < Hw LOW JAN. 5 WEEK ENDING FOR Beech Creek Extension 1st 3%s Bell 2%s ' Y '•v 98% 102 101% 100 5 130r,,a lOOVt • 101% 101% 89 128 4 •y —^v-y" 90 73% 'y A *100% ' ^ 74 ¥ 33 129% 130 J-D A-O 1956 debentures '*102 y 101% ■ —...i960 loan of 1926 external A7« A tint reduced to 2.25%)—-2004 A7* municipal loan 1967 Stamped pursuant to Plan A (Int reduced to 2.25% )——2004 Santa Fe external sink tuna 4s 1904 ASao Paulo (City of Brazil) 8s 1952 AfP'as extl secured s f— _1957 Stamped pursuant to Plan A pursuant to •Stamped reduced (Int. .2012 .1930 Paulo 1 State) 8s__ Stamped pursuant to Plan A ( Int: reduced to 2.5% ) — —1999 IA San water Stamped pursuant to Plan A * (Int reduced to 2.25%) Afis extl dollar loan 2004 . 45% J-J {A Secured f f« 43% Stamped pursuant to Plan A (Int reduced to 3.5%) _1978 46 ASIlesla sec A4%s assented • A-O 44 37% 37% Va AAA; {■ *63 37 66% 56 Va 26 ^ 12 _ 11% J-D 17%. California vV 10' ' 25 Canada v°10% 17 % lOOVaY 100/8 100 Va *91 F-A — M-l' __ ' Af-N 95 r; 90 __ 75% 75% Af-N 75% Af-N •73 *73 60 78% 78% F-A 3-J *10 F-A 13 76 66 % '7:- y 13 108 V4 12 105% 11 103% 109' 109% --yy. .. y 112% A""" y' 85% 33% 34% 32% 44% 21% 32%.: *102'/a 428 172 82% 34% A, 86% .86% 83% 33% 21 4 ;/■; 32% 89% 102 Va 69 18 88 ■ 97% *97 Vo —' : Oct -1969 4V2s . Certificates Carolina Carriers of Clinch Gen & & Adir Cart J-D - • yy iy -r 91% 85% 97% *116% 116% 116% 116% 115% F-A 112% i960 98% - 1949 1965 M-S 118% 116 118 116% 119 15 115%. 117% , ,7 26 ;i?i. 9 105 % 111% 114 % 107 111% 84 Va 100% 98 •105% A:VA 116 "l . 105 J-J 118% r i07% 96% 98% M-S - 112% 116% 1 107 F-A 95% 13 s 115% 115%*. 112% 112% J-D 106% 101% 5 117 % 116% 116% 'AAV A-O r 'f 116 % A..v*y_yy J-J 1956 1951 4%s_.i trust 117% 10 112% 112% J-J < deb 6%s 1946 deb stk perpetual Pac Ry 4% 106% 106 Va 112% J-J ____1957 5s 4%s .20% " gold 106% A-O 1962 gold 22% 10 ■; 112% ,18 : 85 i A A-O 1968 tJACarolina Central 1st gtd 4s 62 \ 10 18'A 104'A 109 A-O J-J A-O - Northern Ry Collateral 79 59 '■ 78% *68% F-A cons gold Can 78% 60 75% 3%s gtd 5s A Power Guaranteed Canadian 76% 65% i 75 3A J-D 103 % 108 106'A 106 % - yy. — A-O .. 1960 gtd__ Guaranteed VAYYA 28 > 109% 109 Va 106 % — ^Guaranteed gold 5s_„u._^#_ua4.1970 Guaranteed gold 4%s"_____"_j._„1955 89-'.; *15$ 95. Elec Soucnern Guaranteed V \ 91 9i;V ■ ' -AY . 102 91 ' 103 Va 101% .. . 106 % 107Va 107% Af-N 1934 1952 1955 Canadian National gold 4%s 21% v F-A .■ 7 v ■'y '. 1 ' 70% 65% no 18 Va 11 30 ; 52% 106% • 64% 11% 11 J-D .... — 101A 101 iV 110 Va llOVa J-D 1957 5s Terra Bldgs 5s Bush 5 12 Y 68 .. ''' •:: % 100% -41% • 8 at 1st 4s Consolidated 2 12 ^*16% M-n 36 61 66% 35 (interest tBurlington Cedar Rap & Nor— § A 1st & coll 5S-_ A Certificates of deposits 40 3A A/' — : 105 100 ^ 1947) due to May 1, 3% 117 108% *106% t 105 83 34 520 70 108 F-A ' . 79% 63% 70 M-S :— modified Stamped I f. "39% 30' 1 1979 1979 3% -4 Va-4 extl conv 1978 4-4V4-4Vis extl readjustment—1978 3%s extl readjustment 1984 AWarsaw (City) external 7s 1958 A4 '/as assented— 1958 External 44 33 39% *35% ; 66% M-N readjustment conversion External 43 Va 43 % 37% A-O ($ bonds of 1937) — 3%s-4-4%8 39 39% 3-J 1964 Uruguay ,43% ¥50 3%s—.—— f s f debentures 92 Va 96% y • 92 69% 78% 108 > 107% 101 5. ' 99% 100% 100 M-S 1969 1969 Buffalo Gen Elec 4%s B 1981 Buffalo Niag Elec 3%s series C—1967 mtge Gen 4s s 43 5A ref (>s series A_ & Bush Terminal .1948 .1960 'AExternal sink fund 6s— A • 50 38% A'Ay/A •40% J-J 1955 s f 5%s Republic) extl 8s A External sink fund 6s— Sydney (City 1 "3 46 •43 3-J 1962 1958 1958 extl. (Prov of) extl 7s B series lien Buffalo Rochester & Pgh Ry— US Serbs Croats <u Slovenes (Kingdom)— A 8s secured external 1962 A 7s Bklyn Edison cons M 3%s 40 Va *104 Af-N tABoston & N Y Air L 44 V8 30 43% 45 V2 3-J 1940 7s *2 .45%. . • - 1947 1st 4s 93% 1st 1968 Stamped pursuant to Plan A (Int reduced to 2%)-——2012 1955 1966 Bklyn Union El 1st gold 5s 1950 Bklyn Union Gas 1st cons gold 5s_1945 - 6 104% 105 •105V4 A-O J-J M-N F-A Af-N F-A Af-N 35 Va .37%; 37%., Af-N gold 4%s series JJ__ —_1961 1st mtge 4s series RR—*„• 1960 AInc mtge 4VaS ser A-i.. July 1970 v:. 81% 3 106% 106%""' 106% 104% 104% • e 107% 101% 4 104% 104 M-S M-N 1st, 42% , " 44% •42 Af-N 34 91 90% Af-S —1956 loan 1st 5s A C 105'/a *106% 107% J-J F-A F-A 1959 I960 1965 1967 1955 1st M 5s series II t . 41% ♦39% J'D 3-J extl AV« 43% 34 12 40% Boston & Maine 1950 external 36 40% M-N Stamped pursuant to Plan A (Int reduced to 2.5% )— —1999 . 40 •__ Corporation— Consol mtge 3%s series F Consol mtge 3s series G Consol mtge 3V4S series H Steel Bethlehem 40% 34% 36 J-D J-3 A8s 37 36% 36% Plan 2% )_ to J-D 29 97 105% 116% deposit Ohio & 4s 109 M-N i_1950 Corp 5s w w 1st gtd gold 4s F-A 1981 109 109 r-A : 52 •79 .— 110% 104% •105% 106% 107% ' 78% " Industrial Companies and Railroad Celanese JAbitibi Power & Paper— AStamped ' coll tr gold 4s Adams Express Coll trust 4s Of 1907 Alabama 1st Power 109 103% 103% 104% 104 Va 1948 —.1948 A-O *102'A Am .1954 1998 I G Chem Amer conv American Telephone & Telegraph 3 %s, debentures debentures 3s Am Co Tobacco Amer F-A A (Del)— Co mtge 3 Vis series E • ■ A-O Sarrtw!; FeM-§ • A $ y 4s——.—^jLA_JL_JtJLi99b Adjustment gold 4s 1995 Atchison AO Stamped Conv of Conv 4s Conv Knox & & 1st Air Atlantic Coast General N 1st unified coll cons 4V2s gold 4s Oct Atlantic & Danville Ry 1st 4s Second mortgage 4s _ Atlantic Refining deb 3s For footnotes J-D —.1964 see page 1952 1948 194R __1953 128. 100% "M-N 140% 140% 132 Va 140% 105 105 105%". 105% 109% 105 104 105 104% 109 103% 103% *128% 1989 J-J •124% 126 Va 1949 A-O 1958 J-J 2d consol cons 1996 gold 4s gold 4s, Chicago Burlington & 1st & 111% 111 108 ref & Chicago -> .1977 RR— (conv) Eastern 111 .. • F-A 107% Chicago Gt West 1st 4s series A AGen Inc mtge 4%s 90% 1061/4 tChicago 69 100% ARefunding 89% 106% ARefunding Ind & Louisville 1982 1988 2038 J-J 254 1 46 47% 25 3-J 46 40 46 27 1 37 331/2 103 48 % 40% 105% gold 5s A 1st & gen & gen 5s series 6s series 111% 111% 5 113 112% 113% 44 105 104'/a 105 . _.___1947 series B 1947 C .1947 A 1966 B_____May 1966 61% 65% < . 353 66% *130Va 132 Af-N J-J 93 90% - - 68% 74 85 Va 88 % 80% 84 3-J 3-J Af-N ; "87% 82 3A: 36 112% 84% 113 % 48 63% 130 20 . ' : " 93% 61 "y 76% 47 69 % 87 50 85 132 47% 80 45 76 77 75% 78% 134 16%- 15% 18 331 10% 15 % 18% 109 10% 16 '" J-J 124% 98 125q4 ■ 93 74 J-J 21% 16 Ry— A__ ARefunding 4s series A 1st 4.306 36 J-J - . 6s ser 120 . 1997 & Erie 1st gold 5s„._ 104% 53 F-A 1974 mtge 3%s____.__ AGen mtge inc Chicago 32 35% 121%' 128'/a — Quincy RR— 4s__™ 1st & ref 4%s Rpries B 108 98% 100% 104% 104'A 140%', J-J 1st 1111/4 109'/a 47% US - '• 1989 Div A 117 106Va 3-J - , •103 & 1992 : J-J R 116 — 105% 105:% " 101% —' 1946 106 Va *106% 107'A 106% Af-S w ■ 109% — - 107 M-S '"Ay: 1996 1 — . __ 105% 106 Va ■ Af-N Ref & impt M 3%s series E_. , General *110 A . 115V4 *110% 111% July 1952 4s 104 130 M-N .__j.i.l94» A. tACLlcago & Alton RR ref 3s 115% 115% Ry-^- 99% F-A :: (Dec 29) mtge 3%s D— & impt 106% *_.. -'A, . F-A M-S M-N F-A Ref 118% J-D 1963 73% 95% 89 J-D 36 F-A '' 5%« Prod bonds 129% 130 J-D Line ',t. 76 % 102 Va *116 gold '5&i£ Charlotte Called 103% 105 % 1960 X-1946 39 A 1949)^'—1974 Chesapeake & Ohio Ry— General gold 4%s 112% *110% _ 96% .41 J-J 1987 to Aug 1 C'e»"t»in-tppd 100% 1151/4 23 J-D mortgage 3%s (4%% 44 M-N 1905 Nor y yy;. —— 1 'jfACentral RR & Banking 5s stmp.1942' — __1955 1909 gold 4s of 1910... Atlanta 130 VA ref series A 1st & : 104'/a 104% Nov J995 —— of registered 113% 114% 1131 J-J 1987 1987 4s */.< - AyA.107%. J-J Central Pacific 1st ref gtd gold,4s.l949 Guaranteed gold 5s I960 105 107 63 3 Sl!li955 4s gold 4s registered 4s 105 % 100 Va 38 95 Topeka & General 97 A-O .1966 gtd 4s i___1961 gold 5s_ __1987 Potts Creek Br 1st 4s 72 95 M-S ...1964 5s A General yy J-J " 1946 3%s_^ 1st 17 161/2 .. J-D gold 4s„1951 gold 5s. Light Eng JACentral of N J gen 90 100% • 7 70 ¥4 , debenture? 1st New 106 107% 110 A 10714 110% -115% 125 39 95 *104% Div Illinois jACerit 76 56 v., ■ Central 102'/a 101 1 4.; 125 115% 115% A Mobile 101 Va pur money 105% -.89% A-O 103 A 345 71 ; Af-S '—M —1978 .3.6 ; A-O 1959 K-i 86% , 36 ., ^* 101% 101%. Q-J 1959 5s series C___ Div 53 76 ""77 71 . 1 100% 100% Jan & ' 108%,. ,108% V123% 123% U-N •1st & 123 ' 5%s series B gen 67 125 ; 103% 100% 1995 Memphis Ry Edge & Term 5s 1964 Income L 108 , 101% 1967 7s lst 108 - gen & 103% •; A-O A-O 1975 Armour At.l 108%. 97 1945 & A Ref ."'103% 108% i/v.' 5 U-S 196? Wat Wks & Elec 6s series A Ark & 108'A 3-D 103% 103% A-O ,.1969 ——— AAnglo-Chilean Nitrate deb Arbor 1st gold 4s Ann Af-N Co.— 3s deb 96% 97 ' U-N § A Consol gold 5s AChatt 101 % •104% 104% F-A A Ref 100% yf'152 90 *103% 105 Af-S 1961 .<.1966 —1956 — 89% 90 1945 110 101' ms. - ___Nov 106% 89% / •5.—: 107% 109% 109% A-O 2030 .-1949 5%s__ •3%s debentures 3is conv debentures A-O 1951 Foreign Pow deb 5s & V mtge 5s 104% 89% T02% 3 —: A 1st J04 104% . * . 107% A-O 1946 registered.: 3%s Allegheny Corp 3%s sec conv Alleghany & West 1st gtd 4s.. Allied Stores Corp 4V2S debs— J-D r 103%' 106 104% 104% 3-J 1948 gold 4s 103 V'a __ *100% A-O * tCentral of Georgia Ry—t 103 % ' 1 100% 100% Albany & Susquehanna RR 3Vis.—1946 A Cent 104% 100 Va , A • *106% 108 J-J 112% 103 — *103% J-D U-N A-O Albany Perfor Wrap Pap 6s 6s with warrants assented y . : f-a Branch U P 1st 3-J 1962 1955 . ■ 1946 141% 68% 74' 98% *104% 105 Va Af-S ly67 3Vis——1972 mtge 98 Va J-D 1947 — 10-year deb 4%s stamped Great Southern 3%s Alabama *140 x973/a j-d 1953 1953 1948 A plain series §A5s Corp 3%s debs Celot.ex Corp 3%s debs. 18 16 Va THE COMMERCIAL & 126 YORK BOND RECORD NEW JAN. 5 RANGE FOR WEEK ENDING BONDS Last Interest New York Stock Exchange • "• - ' • ' . -J '> . , *•' K: & St Paul— -May AGen gold 3V2S series B__May AGen 4V2S series C May AGen 4'fts series E May AGen 43fts series F May {Chic Milw St Paul & Pac RR— AMtge gold 5s series A AConv adjustment 5s Jan {Chicago Milwaukee AGen 4s series A % 15% 20 93 933% 277 74% 94// P8.ft J.J j-j j-j j-j 88% 90 64 69'/# 89% 763ft 96 ft 39 76 V2 96 ft tAFlorida Cent <5^ Peninsular j3s—.1,943 Certificates of deposit,/—i——- 22 773% 97% {Florida East Coast 1st 4 Vis — 95 ft J-J % 96 ft 96% 96 96 ft 98 96% F-A 71% 1 2000 A-O 19 17 ft paid 7,332 & West 1st mtge 1st inc 98% 101 55% 56ft ,1949 Cbrp— 58 66 42% 1 57 1 58 % 103 *103% 103ft 104 1949 Castings 5 Vis__ Steel J-D M-S • Grays Point Term 1st gtd'5s Great Northern. Ry Co— 89 . . 91 General 5V2S series B 98 General 5s series C———,—1973 : 105 ; 64% 741/4 101% 106 ft 22 ft *40 92'ft 92'ft 14 -_ 59% 84% General 4fts series D 80 General 4fts series E ——1977 1952 a-O A-O Af-N 1966 1967 t'-A J-D ..1969 1974 p-A F-A 108 102% 108 ,/ 14 100ft 102% '■ ' 108% 106 ;: 106 106 V4 r9i ;,/> r91 90ft — /. 111% 105'ft 128'ft 15 128% 128% J-J 121ft J-- " ■ -1946 Gen mtge 3%S. Series 1/— -1967 AGreen Bay At West deb ctfs A-.,.—. J 110% 59 ctfs A Debentures ' 121% 121'ft . 110% 110% 100 1203# Greyhound 92ft Gult Mobile At Ohio 4s series B 78 ft. -1959 Corp 3s debs,— 102 ft 122 101 103% 91 106'ft 1—2015 3%s series D— 1969 Gulf 112% Quit States Utll 3 fta series D__—1969 Horking Valley Ry 1st 4fts 1999 1937 J-J M-N 1954 ' Af-N 1962 J-D 102 102% 86 1003% 107% 13 88% 107% 99 ft 110% 98 ft ■ J-J 1952 98% .J 10134 66 98 ft 98 98 3 109% 91 97% 60 -. 98% 98% *108 , 111% 110 / 102'% 107 A1 Ship Island RR— & ref Term M 5s stpd A-O 102% 89% 5 V: 7 98 Jf-N 1st ref 17 103% 14 92 ' 72 ■ ' .,11 ft 25 15% 90 111% & 65 80 14'ft 101'ft 101% 109% 1st 33 103'ft 103ft 111 iv:,; — *70% « 109 % ■\*iii/ / 105% 15% 106 Va 13 40 ■ 105ft 105% A-O J-J J-J 1970 mtge inc 5s series A Gen . r, •-■ 112'/# 08 ft 47 ; < 119 ft 120 ft ■. —Feb B— 92% V2 J-J *J-J J-J Feb Gen mtge 4s series H 109 ,;V 53 I 1948 General mtge 4s series 108 55 1 - *106'% 106% —- , : 18 80 107ft 107% 1073% 104 1043% 7" 2 91 80 90ft , — V -_ 9 102ft 102ft 102% 102% : ; 1023% j-j M-S cons 5s 3%s 120ft 5 10 119% 120 J-J —1976 59 79 86 84 ft 86 J-J J-J 1957 101 'ft f J-J ' 90 107ft 101ft ' *102% 89 80 104% 1043/4 105 105 J-D 1952 38 48 6 90 J-D 34 ; — 91% v' : ' 40% ''"r —-.vj? *40 J-J 57 12 .72% 105... 105% r tS 1947 . ./ 72% 71% 71% J-J "J-J ' 1943 104 Va 97% 104 ' — 5s 60 42 . 64 Vi 17 94 Vi 94% J-D M-N /,__^-_1969 debs— . 101% 84 "87 Vs 1952 -1962 23,4s ser G_ 1st mtge 90ft 14 1 3 fts Union Terminal— gtd 33/eS series E mtge Cincinnati 6 "91 2%s ser G Indiana com 4s series D t A Choctaw Ok & Gulf Cincinnati Gas & Elec 57 Vi 7% 84 & ref 4V4S {§ AChilds Co deb § A Debenture 5s 39 ft & Utilities Realty conv fAGeorgia & Ala Ry 5s ;_Oct1 1945 ■ v Certificates of. deposit---™. —— ISiiGa Caro & Nor 1st ext 6s_,,,_1934 * Certificates of deposit-/ Goodrich (B F; 1st 4%F^—1956 51% 102 102 J-D M-S —1963 ————-1963 mtge 1st 79 ft ft/ 2.917 16 Vi 13% 16 J-D J-D J-D Union Station— mtge 3 VaS series F 1st 84 ft 36 ft 59 ACertificates of deposit Chic 61 Vi 1.111 52 ft 56 % Chicago 1st 4s 81 186 50 59 M-S Af-N 6s_,_„,1950 Gas At Elec of Berg Co cohs 5s 63 219 84 51% '•(; a-O gold 4s 1951 & Southeastern 1st 5s—1960 guaranteed 5s Dec 1 1960 Income 83 84 116% 1 57 * Gen J-J Memphis Div 1st Chic T H v 83 ft 104 67 F-A 1951 3.fts Gold ;__ 116% 100 100 Af-S 1974 k General /'.v *68% of Certificates 134 __ *116% J-D —1959 ; 104'% 114 *116%. 106 102 103 ft *103 1 102 14 105r / 105 105% Af-N J-j 104 102'ft "5 103% 103'% 103% High. 107 63% 103 /• , *104 , . Island & Pacific Ry—• 1988 ' • 17% 1013% 668 85% 82% 85 j-j j-j deposit—.., lARefunding gold 4s—_ 1934 §ASecured 4fts series A 1952 AConv gold 4 fts. -I960 Chicago St L & New Orleans 5s 1951 a Af-N 1961 .1958 —• ACertificates of deposit—i,— Food Machinery Corp 3s debs;..—.1956 70 11% 26 104% 105 1043% J-J J-J 1927 _ Fllntkote Co 3s debs Francisco Sugar coll trust 45 ft 2.305 19 ft 69 North Western Ry— mtge 4s ser A 1989 conv income 4 fts 1999 Des Plaines Valley Div 4s 1969 Sioux City & Pacific Div 4s—.—1969 JjaChicago Railways 1st 5s stpd part Firestone Tire At Rub 3s deb,- A.1st & ref 5s series A—' 72% 1975 mtge {Chicago Rock AGeneral 4s Year 1944 Luw ' 1st & gen 25% : 429 Sold No. UiQh 105 £ 15% Chicago & 2nd 87 low Range for Bonds or Friday's Bid & Asked v/ Last Sale Price vPeriod High low No. Hiah Week's Range Friday ; Interest Exchange Stock York New Range for Year 1941 Sold 93 Vi j-j 1 1989 1 1989 11089 1 1089 11989 Bonds Friday's Low 1956 tnri & £au 50-year 4s Chicago ' r or Bid & Asked ile Price Period BOND a Week's Range Friday Monday, January 8, 1945 FINANCIAL CHRONICLE H & St Louis Ry— Cleve Cin Chic 1993 1993 1977 1991 1990 1970 gold 4s General 5s series B Ref & impt 4fts series E Cin Wab & M Div 1st 4s St L Div 1st coll tr gold 4s Cleveland Elec Ilium 3s General J-D J-D J-J ; J-J M-JV J-J ; Series C D —1950 3'/2 s gtd 3Vis gtd _ Line 1st gtd 4'fts Cleve Union Term gtd 5Vis— 1st s f 5s series B gtd 1st s f 4Vis series C 1961 1972 1973 1977 gtd 4s 1945 Colo Fuel & Iron 5s inc mtge 1970 Colorado & Southern Ry.— 4Vis (stamped modified) 1980 Columbia G & E deb 5s May 1952 Debenture 5s— 1st 1st 1st 1st -,6^*113% 117;/ 117.:/; 116 105ft 75 105Vi 105ft * 59 *75 112ft /#' 109 102% ( 108 , 105ft 4 103ft 45Vi 61 T« 16 61ft, Div M-N * 1968 —,1950 J —,1951 111ft 4 101% 95 ft 1031/# 1st gold 4s„^ 97 ft 101 A-O 89 ft *95%- v.. v ' 85 ft 88 ft J-D 84 'ft ■ / Z 87'ft 99 78 ft 99 57% . 86 3 4 / ; 77ft 71 J-J 64 J-J A-O J-J Af-8 Af-N J-J series Alst gold 1953 B_. —1956 5s series C,—-—' EI deb 6s—_—.1^44 ■ Internal Paper 5s. series A Ai B—.1947 §AInternat Hydro 80ft Int Rys Cent Amer 1st 5s B— 11 41 65 Int Telep Si Teleg 59 68 ft 39 53 59 52 .-1972 deb gold 4fts_—1952 —1955 JAIowa Cent Ry 1st Si ref 4s_ 1951 1959 68 72 29% 34% 1,455 16% 62 65 68 43% 61 64% 64 65 17 43% 61'ft 77'/# 74'% 77 ft > V4 104% /; 107% 108 '/4 *100 97 95 ft 99% .99 J-D 5 /:/5 56 187 104% 104% 107% Af-S 5s 107% 47 ft 128 66% 34 F-A Debentures 111 1043ft ;/ w. 62 40 1955 Ref sink fund 6s series A - 1053ft 74 44 40 -'--Y i' y 110% J-J A-O 5s V.: 98 ft 76 77ft 81 ft 52% ' mv- ^International Great NortlseSh RR—V Alst 6s series A —1952 AAdjustment 0s series A_.,July 1952 54 ft 100 .... -5/. . 82 67'ft 99 6 99% 99ft 85 65 8 .■ 94 ft 59 ft 3 *106-106% 63 101ft 101 82'ft 89 ft J-J J-J F-A ; 72 ,-K 33 83 ft 82% C. 97'ft 83'ft *111 46 51 *49 — 95'ft 83 ft r 79% •99 . — A-O 38% ~4 78 101 ::97 ' 5 103% 103% *96% J-J Ry 3%« sejr B.1986 ' 17 //; 98 ft " James FrankI Si Clear 1st 4s.„ 71 '48'ft -M v: Af-S 103% 5 52 82'ft Inland Steel 1st rritge 3s series F-,1961 Alst 53 ft 86% 259 539 99 77% J-J 108 51 96 'ft tAInd Aj Louisville 1st gtd 4k—.—1956 109 ft *68 .98 % 212 1061/4 72 8 6'ft 60 ft 67'ft 30 *105% 112 85 ft 58 206 88ft Z J-J 11 52 :ft; 87 86 1950 107 Vi 107 Vi *107% 109 J-D 92 .82% F-A "J-D J-J 3s, 4s ser D Indianapolis Union -— 60% 334 109% *69 92% 288 85% 88 M-N ,—1958 62ft 90%; 94 '93 ft J-J ' ; 53 84% 104 ft 107% 51 ' 1953 70 93 90 ft 89% 8 49 ft 1952 " 75 *-. 92 ft M-N _,_J955 3 ft8™ gold 4s_—_ 100 "ft 64 77ft 60 ft *83 /• A-O 100% 965/8 ' 81% 46 ft 51 Jf-S 1952 97'ft 1' 100% 100 ft - 77ft 6 3 103% 102 *100% A-O J-D Ina 111 61 Iowa 57% 49% • J-D * 57% ■ — —1963 60 48% 1951 1951 *103 Joint 1st ref 5s series A_i, ,',1963 1st & ref 4fts .series O—r—,1963 45 ft 49% 101% 100 102% 103% 103 ft J-J J-J 111 Cent and Chic St L Ai N O- 1st ref mtge — J-J ^—1951 1st gold : 103 35 gold 4sl lines 60 102% 102% 26% :r Gold 3fts—• 1951 8pringfield Div 1st gold 3fts,—_1951 " Western Lines 1st gold 4S ,1951 109% 13 103 327 ,—1951 ' v/Z F-A Bb. Louis Div & Term gold 3s_,^,1051 J-J 105 ft 102% 11 *1081/8 34% gold 3fts trust 104% 104% . 33 ft Louisville Div 61 Term gold 3 ft6,1953 ■ 114ft 60 107% 34 Litchfield Div 4st gold 3s__- 111 60 ft 60 72% A-O : 76 *75 "■ '■ , 40-year <4%s_Z_:—; Cairo Bridge gold 4s 114 105% 60 104 ft 55a/« "].) Refunding 5s—— 109% 116ft 104% 105 ft 61 197 2%s series A—-1981 trust Purchased Collateral 16 105% 106 69% Refunding 4s__* 106 ft 1051/4 GO ft 68 —,1951 1st 1061/4 113ft 10 69% gold -3s sterling Omaha *._• F-A '3 ft S.J 103% 2 107% 107% J-D 1953 963% 1st l'**y 'V.t \ r : 104% — . Extended 113% 103% 103 ft J-J 1940 103 v108 % llOVi — 117% 115% M-N 1957 A 1st gold 4s __ 109ft'V. 109% 109 Vi 5s Illinois Central RR— 1C2 ft 13 *102% 103 — 1946 Illinois Bell Telep 103% 108% *107ft :-f — 274 82 75 56 185 76 ft 110 106 83 103% 103% 104 1053,4 107% 1063% 102 *103 96 ft 85% 102 —Feb 1957 1st income 5s 75 ft 50 72 ft 76 139 ft 130% 1 149 96'ft 95 102% 102% M:-. „ 140 ft 140 96 ft • 1949 gold 5s 84 149 140 -1 •• 'v __ 74 ft 82 1st Gas 95 37 . 97% 100 103% J-D 1952 107 f 5s series A s Manhattan Collateral Af-N v:Z\;; M-N l/L-N M-JV 1942 A .: 104% 103 99 ft J-J J-J Ry 1st 5Vis Deposit receipts ACuba RR 1st 5s gold A Deposit receipts A7Vis series A extended to A Deposit receipts— ■y A6s series B extended to .ADeposit receipts Curtis Publishing Co 3s deb 105 ft 106 A-O J-D IACuba Northern & 1st gold J-J 1950 1955 Co Hudson 1st 921% 106% 106 *100% A-O A-O J-J J-D 2 Vis s f 0ebs Crucible Steel 3 Vis s f debs Crane Co Hudson 108% 107% o/)'. 9 104 ft 1956 •: 3V2S mtge 3 Vis mtge 3Vis mtge 3Vis Hudson Coal 102 82 Ry cons gold 5s Oil 4 %s debs 106% 14 106 Power Co— mtge ./ 1 17 109 ft 109% 106 1965 1070 1966 1969 4s ADebenture Consumers ■■ 107 • J-J ;.;//■ F-A J-J F-A 1956 3Vis debentures 1958 Consolidated Oil conv deb 3 Vis,-—1951 {AConsol Ry non-conv deb 4s 1954 ADebenture 4s —1955 108 % 108% 1093/4 A-O M-S ' i F-A debentures 80 Houston A AdJ Af-N V 1st extl gold 4s—1948 Columbus & Sou Ohio El 3 Vis -1970 Columbus & Tol 1st extl 4s 1953 Commonwealth Edison Co— Conv debs 3 Vis —1958 1st mtge 3Vis series L_ —1977 Conn Ky 61 L 1st Hi ret 4Vis——1951 Conn River Power s f 3%s A 1961 Consolidated Edison of New York— 3Vis debentures 1948 53=8 V 88 107 108 3/8 J-J Columbus & H 81 ft SO .; 57% 18 //•v 1023% 1023/4 ■V Af-N 1961 . 539 88% 87 81 ft J-D A-O Coal River Ry 1st ft i? 102% M-N F-A A-O A-O A-O A-O 1948 Series Cleve Short 3Vis 88 Pittsburgh RR— Cleveland & *110%—- —I AHousatonic 105',# 105 ■ 16 109 ft 97 % — 97% 191 5% l.y« 96 34 77 ft h. H •>: 102 74 ft 135 V 100 77 ft 103 10 Z - 30'ft 100% 5'ft 3 J 102% Jones Si Laughlin 95% J-J Steel 3%s—_—1961 103% 9 29 58% 28 96 103% 104 953ft 104 96% 98% 102 K L 1st mtge 3s 1970 Union Ry 3Vis series B—1065 Delaware & Hudson 4s extended—1963 Delaware Power & Light 3s 1973 {Denver & Rio Grande RR— § A 1st consol 4s 1936 SAConsoi gold 4Vis 1936 {Denver & Rio Grande Western RR— J-J J-D Dayton P As Dayton A Assented j ■ 1978 impt 5s series B A Ref & ; V; ■' ' 276 18 105 106 ft 45 62 ft 65 ft 348 63 ft 66V4 45 ;; 6% A-O 99 ft 79 ft 100 106 61ft 60 103V2 99 6% F-A 108% 106 99% — 66% F-A 105% IO31/2 * 65 ft J-J J-J 1955 AGeneral s f 5s .• Af-N A-O . ——' 16 1073% 107 % 'v — 434 a. 57 184 7 6% 4% . 60 :' - 63% 46; 8 4% 3ft 6ft 44 40% 57% " Ry. Edison 4s series F See Chic Detroit & Gen & N'western mtge 3Vis series rel 1965 G—1966 J-D 1995 1995 1961 Dow Chemical deb 2Vis 1950 Dul Miss & Iron Range Ry 3Vis—1962 {§ ADul Sou Shore & Atl gold 5s—1937 Duquesne Light 1st M 3Vis 1965 ■ - A Second I - & Tunnel : Egst Tenn Va & Ga Div 1st 5s Ed El 111 (NY) 1st cons gold 5s 106% J-D Af-N M-S A-O •. E 24 ft 47 12 104% 111 \ j. fcV ,110 1481/4 1011/4 *102% 103 Ohio D<v 1st mtge For footnotes see 3 Vis page 128. 1995 J-J 2015 1964 J-J A-O 1971 1st cons M 4s series B_ ,Gen mtge inc 4Vis series A 1st cons mtge 3 Vis ser E M-S - — Coll 106 150% Alst 103'ft 106% Ltd— mtge income 92 105% 1 80 106% Lehigh Valley Coal Co— 1st & ref sink fund 5s_" 873/4 99% 103'ft 105% ' " 64 ft 8 102V8 102% *100 101% 158 92 119 69 103 102 1 65 ft lOl'ft 102 90 ft 109 __ __ 4ft 109 ft 109 *108% 110 102% 103'% *103 175'ft 107'ft 1 109 94% 172ft *99 104ft 103 1021/4 105 ft 3% 2 4ft 110'ft 102% 9 •;.7 5ft 1063/4 88 102% 107 1st & 5s 1st • stamped,,—, ref sink, fund 5s_; stamped._■ & ref sink ctomr>f»d fund 5s. . 99 100% 23 983ft 101 7 9874 105% 105%>? 9 93 ft 106'ft 1023% 102% 5 89 ft 101% *100 100ft ; . V .100 ft 101% J-D Dec J-J 101 100ft 101 57 50 "57 ; 105 105 !T04 J-J 105% 105 1Q.7 1965 A-O M-S 1954 1954 1964 ——,1964 1974 F-A F-A 10 • 1974 993% 99% 67 106 97 7 *86 — 99 = 47 ft 101'ft 9 7'ft 13 *78 F-A , 105 ft 100'ft *99 ft Lehieh h 105% 105ft 96 114% 98 1945 Lehigh & New Eng RR 4s k__._ m Y 1st-gtd gold 4s 82 ft 5s 105Vi 93'ft 72% 91 ft *109 A-O F-A F-A J-D 1975 reg— * 2 3 89 ft 69% *101 < Lehigh Coal & Nav s I 4 fts A —1954 Cons sink fund 4 fts series C„ 1954 5 22 / extd 5s ref .5fts series C— & 1053% 106% 102% 103 71% *103% - 1945 —1953 Coll Si ref 5 fts-series D.. —I960 Lake Sh & Mich Sou gold 3fts 1997 3 fts registered, 1997 Laclede Gas Light 106ft 106 ft J-J 2 53 51% 65 ft - 116% Eyie Railroad Co— , — V#' 90% 116 94'% 97 *118 5/8 1961 J-J 1961 Vf'. J-J 4 'fts unguaranteed —1961 J-J Kings County El L & P 6s_ .—1997 • A-O Kings Co Lighting 1st 5s: —1954 J-J 1st & rpf 1°R4 J-J Koppers.Co 1st mtge —-1964 A-O Kresge Foundation 3% notes,——1950 Af-S tAKreuger St Toll 5s ctfs 1959 Af-S Plain IO51/2 106 106% 81 93% 93% 94% 72 ft 108% 43 — Z/ 23 83 34 103 Vi 46 ft *150 ft — 1965 1962 Empire Gas & Fuel 3 Vis 106 ft — — 82% 81 i. A-O ;J-J J-J J-J Stamped ■, Laul.aro Nitrate Co J-DAf-8 stamped 102 54 34 106Vi *116% *102'/# 833/4 109% 45 J-J A-O A-O 98 V# 106 M-N 1965 5s 25 29 „ 1958 1950 1970 111 1/4 107V4 41 29 1995 * Elgin Joliet & East Ry 3 Vis 111ft 107% 50 *108% 106% 104% 110ft 100 ft *102 ft 106 El Paso & S W 1st 5s EJec Auto-Lite 2%s debs 17 106 ft *27 110ft 46 ft J-J J-J Z'zS' 106 *47 J-D . 4Vis 106% 106% *107% M-S gold 4s Tenn Detroit 106 Vi A-O 1970 jGen & ref 3s series H— Detroit & Mackinac 1st lien gold 4s A-O 4 Plaines Valley Ry— Des A-O . ' 1.101 T ■: gold 4s—1990 {Kansas City Fort Scott &. Mem Ry— ;.§ARefunding gtd 4s 1936 1 ACertificates of-deposit ! —-T Kansas City Southern Ry 1st 3s 1950 Ref & impt 5s,. Apr 1950 Kentucky Central gold 4s__ 1987 Kentucky & lad Term 4fts ,1961 KanawhA 81 Mich 1st gtd __ 95 8 100 86 84 *993% 100 1043ft 99% ft 100 ' 90 ft 89 71 89 11 93 1 65% 91ft 70 90% 88 65 90% ' BOND RECORD YORK NEW JAN. 5 BANGS FOR WEEK ENDING o it Week's Range Friday BONDS Interest Last Period Exchangr Stock Vork New Sale Price Week's Range Friday & Exchanr* Last Interest ' or Valley Lehigh V 4%s ext N J-J .1950 M.A-t, •*;hm A .icllCb *v nvn stamped 4s 3s <v Louisville Gas A- .hi &, rei V\ 1st & rel 4%s 1st & rel 4b mtge & , * South A-O J-J Atl Central Maine A-O i 2003 A-O *102% F-A •'■MS M-S central— & Sug 3 Vis 99% 107 Vg 3 ri05% 107% 104% ; 94% 73 83 68% *49 & Texas Kansas • 45V4 60 % 1948 - 250 50'4 68 % 82 94 16% 31% AOonv- Qeb 6s.- 1927 1st Y Rys prior hen 8f"am Corp 100 3 I 103% J-J 99 M-S 108 106 " t.nclr 61 / Southern Ry 95% 10 7514 7% Q-F *5% Central Ry 1st & ref gen eold 34 54 32 26 32 100 15 26 19% 504 3% 6 J-J J-J \ 32 107 J-J 93% A-O 49% 103% 29 79% 263 61% & inint 6s & impt .1961 ' ft impt 5s series States Power series " F-A AGeneral 4s 5s A 1st & rei A 1st & rei 1974 & ' ;_2047 " ■ : 2047 I> 86 93 64% 1st 107 53% — 74% 77% 15 A-O 74% 69% 75 V4 266 39 % 37 40 76% 74 76% 74 76% ■■'72% 40 105% 87 92 73 '4 51 97 9314 } 97 61'4 88% 80% 104% 42 ; 67% 94% - 93 % 69'4 269 484 •J 103% 105 ■'.! 97 97 \ ' 46 67% 94% 1 105% 110% —_—1974 1964 105% 105% 105% F-A F-A Af-3 lOl'/a 99 Vi 102 *101 . 107 *108% 109 112'4 Ore Gas 3%s 1st 1945 ; gold 4s_, 1946 104'A 2 104% 110% 106 106 102 104 "2 103% 105% 105 % 105% 2 105% 108% 104% 64 104% 105 105 108% 105% *105% 107 J-J ' 111% 102% 103% .103% J-J ___194fi stnd.cnns 5s_'.l 108% *101% 102 Af-N >/ J-D ; 1946 gold 5s cons 103% J-D ___1966 1st- 5s RR & Nav con Short Lina Guarant-ped > Elec & Transmission 15% 3 18 26 % 23% 108 J-J M-S 25 237 108% 103% 103% 26 J-J 1974 3s mtge \\ Oregon-Washington RR 3s ser A..I960 A-O %4- 22% 37% 471 56% 74% 165 56 % 1946 105 74% V Tel 3%s acific Tel & Ref J-D B__. .1966 series 100% 106 103% 23 106 110% 108% 108% 108% 4 107 111 1/4 105% 105Vi ■4 104 105 li 105% 4 103% 106% 4 108 110 *100% 110 ,'k kv: -V; ■' .: \:, , •' ■' 17% 15% 18 16 .1955 J-J 7614 74% 76% 223 56% 74% .1960 M-N F-A 76 74 '76% 379 56% 74% .1949 M-S 82% 9 60 2 104% 107 108 111% 111 11414 109 M-S ^ '.n> F-A 80- 7 2,178 106% 107 -£;^: 9% , I 80% . *10814 A-O 108% 111% 111% J-D 106% 3 105% 106 li A-O 25 105% 96 % 1G 94% 96 100% 102 102 *101 M-N J-D 70% 68 % M-N 77/' 72 77 m - 73 '136' . 109% 109%' 109% M-N gold 112 108 111% 105 106 108% 109% 10 105 % 108% 1 108% 11014 106% 110% 108 y>:..y:k: !".'■■' 109% 110 *105% J-J *108 J-J 108 li 1974 M-N A-O ...1970 ' C_ 108% k F-A 1960 1965 106% 106'4 20 108 108 V4 6 107% M-N ...May 1 1948 / 107% 108 N /' series ••:k' .7 107% 109% 109% 60 98% 107% 104% 105 Va "k '/?! 125 124% 125% 12 121 119% J-D 118% 120 182 109 52 ' 5s kk 108% i'V 10614 F-A ;_1948 f 4s sinking fund 4%s___, 4%s series A 115% 125 % 119% 128 _____.___1968 B J-D 128 126®'a 128 1970 2981 A-O 103%. 103% 103 Vi 112 97 105% A-O 119% 3 118% 119% 182 106 118% gold 4%s Debenture ... 106% 106% F-A General General — 1968 3%s series mtge Cons 116% 1969 debentures.. Gen 113% D_! f 4s sterl stpd dollar 112% 114% 3%s ser Power & Light Ccnsoi 67% 43% 108 10.9% 3%s 105% J-D Pennsylvania RR— 47% •.•7214 •i 231 73% 66% *108 J-D ' ref & 4V2s 69% 48% 181 71% M-N 1st Penna 106 101% ' 1981 1st & ref 4 %s series B_ ; 96% 106 105% *114 — Af-N Pennsylvania Ohio & Detroit RR—- 110% 110 *103 : 1952 108% 106 y4 *102 — ..... Pennsylvania Co.1960 ... *108% J-D A-O 109 109 A-O .3966 3%s series C mtge J-D .1971 M 3s series K: & ref 1st J-D .1970 ref mtge 3s series J 1st & J-D 98 106% J-D Af-N 1968 .—1947 314s 1.355 '/ -76% M-N 1955 Fuel Gas 1st gtd 5s 71 104% • J-J .1967 JOgdensburg & Lake Champlain Ry— § A 1st guaranteed 4s 1948 Ohio Edison 1st mtge 3%s_______.1972 74% 76% MS .-—1965 1966 4V2a series B States T & T Mountain Mutual 74 Va 56% //. 76% M-S ' M 69 r-A :••!>.! 5? ext—._—1951 Morrell (John) & Co 3s debs—..—1958 Morr's & Essex 1st gtd 3lis— 2000 Constr M 5s series A—I —1955 Constr 110 53 Co— 71% 70 77% Tramways Montreal 296 74% 36 82% 75 J-J — ref 3%s 1st A; Power 76% 72 li 71 57 85 V* J-J 1960 debewtures-— 6s Montana 88 Vi 92 1966 4 lis mtge 121'4 y 92% 84 75 3-J 1978 I— series , 9 - 19R5 1975 series F—L—1977 series G 1978 5s :-■' ; 129 116 112 110% 1C1 76% J-J 2047 125 ' — 134% 71' J -J ' 48 129 11 134 Va ' 'J-J 2047 B 4814 40 106 Vi 106% Q-A " 34'4 *121% 110% Q-J Q-F 91 8214 '' ■ 174 Af-S MS 1997 _Jan 2047 2047 A_^ mtge 2%s Oregon '86% .56% 84'/2 —1001 Moh'k & Malone 1st gtd gold 4s—1991 Monongahela Ry 3'As series B_—1966 Monongahela W Penn Pub Seiv— ref & A 1st 110% 87 50 47 *129 Q-J - 1st & ref mtge 3I/2S Oklahoma 105% 258 83% gold 5lis —1949 rei gold 5s serie3 H——1980 AConv A 1st 5s 109% 1.06% 202 93% 89 % 13414 .1964 tMlssourl Pacific RR Co— A 1st & rei 5s series A 106% .'.!;/! 1 !' 107 *34% ■ o-A 4s__1997 5s series C.. 1st 80% 100 84 A—Jan 1967 5s series adjust A Cum 37 18% 1,608 32% 30 *108% A-O 95 111 O * 6 77 1962 ' 87 108 10 109% 110 M-S 14 7% 94 *9314 110 4s_1906 5s registered.Gen lien ry & Id gold 3s 3s registered : 1st 103 103 J-J 11% 19 F-A A1074 Pacific Ry prior lien (Wise). 1st mtge 3%s— 106 93% 78% 152 2014 RR;5s A. Southern Western & Ontario 103 109 58 1998 ; Ai 4%s series 1214 12% : 105 52 Va 105% 105% 1955 ; inc.. mtge 5s conv Northern 97% 98 106 6 57 Vi 74% 55 32 12% 105 1053'4 106% 108% 11 93 97% 111% 99% 77% 12% MS 5% 75 105% 1 » 18% 3% 52 Co—. 4%s series mtge & Irhpt 105 % 74% 98 • 15 10514 105 7 /; M-N 1946 A 4s 100% 73 20 384 7914 9% 653 5% 74 3 '4 F-A " »„1966 53 1st '; Ref 19% 95 99% 98% 107% 108 77% pnw Ont to Ref 101% 102% 18% 4% 17 5% J-J 1967 Y'is Ref v;vv 98 A-O 1st 3%s— 66 107% J-J ;_1943 B series Ref J-D ' • 102% *105% •;! 3%s &r Bost Power 1IO8 1TO8 18% J-J ' .* • 1940 West Northern i 13% 102% A-O M-N 1937 gold 5s_—- v/. Gen & ref 4%s series .65 101% 1962 D—— : 85% 102% *10014 M-N 1990 , 71% 92. 4 814 5 Af-N 1937 Falls (Minni M-S —1991 ;—1959 RR— Telephone AGen 101 3 59^ ' ■ 20 66% J-D 1958 lstt Mtnp 52 99 % 6 4'4 1963 gold 5s '1st 50 66 % 62 . M-8 3V28'. 4%sr gord Y J-D..i 6s stamp 1st 9 A General Y 1,159 1993 1965 cons V t§AN 62 32% 1955 Putnam Niagara 92% 29% 1992 4s 4s gtd 4s Y Queens El Ll & Pow 3'is N 69% 91% 32 % 1954 4s A2d 67 92 1967 Port Chester— " Y Ont & West ref gold & 68% M-N 1957 4s__ 4%s series of rel 61 J-J A-O 1940 6s trust Debenture Y 1 *12 !• J-J 5s series A Prior lien k 40-year 4s series B Prior lien 4'is series 62 % 82 ' 99 Va //!.; J-J RR. 1st 5s 1st 4s_. Missouri-Kansas-Texas », 46% 62 Norfolk 3 A—.—1971 mtge 4s inc ser A— t A Missouri-Illinois Mo 265 69 5 J-D i; 4%s inc ser 62% 62' ATermirial 68% 104 '4 104 % 1939 mtge 59% J-J 113 104% F-A ^Minneapolis & St Louis RR— A 1st & rel gold 4s 1949 HyARef /It pxt 50-yr 5s series A—1962 tMlnr. Ct Paul & Sault Ste Marie 1st 62 '4 • 106% 20 85 li *101% J-D Gen Af-N 1950 164- 143 73%: '/ ■•;•:•! •■83^/; *6i5/'n A-O 1951 4%s 1956 112 102% 103 % 1940 tSAMilw & Northern 1st ext 4%s__3939 A?Consol ext L_— 101'% A-O 1st ext 5s J 4s certificates 3%S- ; — M-N 1952 Ref & imp! 4%s series C_——__ 1979 Michigan Cons Gas 1st mtge 31/2S-1969 N detr North A-O 3Vis of ANoh-cOWV Norfolk M-N J1955 : Lans A Midland •' — A-O gold 46% r „ *107% *113% J-D Metropolitan Edison 1st mtge 2%s/1974 -vietrop Wat oew <a Drain oVis-— .1.1950 West Side El (Cliic) 4s__1938 1st 161 t§ANorfolk tSAMet Jack 62% 103 *101% M-N Stamped Mieingan 60% N — J-J 1947 L tis deb 62% ' -94% ' 1960 A (Southern Lines) 4s ^rorps J-J N 9 100% 100 % 1959 vrrCror' - N 20 105% 105% J-J 1955 ser s 1955 N 107 '4 106% >. 107'% 107% 107'/a ' /■' 1952 4s 105% 106 M-N Shovel : 1st 108 4, 104 46 105% 106 M-S SLeam 4s AGeneral -■102% 106 105% 4s sink iund__Feb1 1957 AManila Elec RR & Lt s f 5s——,-1953 Marion deb tAN 102% ,105% 33 105%' 106 105% A-O ' Sugar AManila RR ANou-conv §ACollateral 110 -100% A-O 2003 4s 4%s RR 60% A M Manati 60 Vi 45% j§AN Y Susq & W 1st ref 5s_ 1_ Div 45 34 61 j 105% 105 *100% —- monon vine 10474 105 % 105 *105% 106% C—2003 D. 58 61% ADebenuure 104% m- a 4s seres B ext———1960 Mem Div 4sl .—1946 & Knox 102 M-S ..2003 series • 61% 59% 120% 93% 61% 59% 61% v 107% 118% 23 91 46 61% I a Harlem River 104 ~2 V 55 A-O A 1st 2 103% 103% 103% 60% - % 3 120 *119 62 1954 106 10 106% 106% MS Af-8 Af-3 1947 109 106% 107 M- 3 F-A 62 • deb"3%S—i. 127% 104 ' r 1947 — 86 77 deb-3'/2S 122% 103% 107 deb-4s Httfh 71 2 92 ANon-couv 83% 64% 123 % -119% 9 FvR— Har'.iord 41 Haven Now-con v *91 Vi Low ■'-■•■■ 87 86 87 A/-N Af-N No ANon-conv 60%' 109 *106 >/2 1-1945 B series Joint R.v mi Vkv 4 "109% m- s 50% 3 42'A c 84% 83 127% 127% 120% 121 ' M-N ;.1980 Montg 1st gold 4%S_"—-1945 Mob & 84% A-O Div 2d gold 3s— St Louis 344., « RR-- If 1st & rel 3%» 'series E Unif 133 62% A-O * Paducah 5314 59 —1966 airt'4s— series os 35 49% 46 % 55 % New V 51 38% >'.788.:: 6214 A-O A—1969 series 3 '/as Nashville Louisville & tai 5s Elec & 57 53 %. 1949 "tr-ciifV ('o -*ei 53% : M-N ' -1963 1st rtrK Louisiana JN 33 56 i 4%s series B— 85 32% 1.205 50 5b % M-N 1951 — 55 45% \ 49'/2 1949 .. (P1 Co deb 5s debentures 64% 83 ; 49 ' 54 li ' •m-N A.Htgs 1949 j - Island unified 4s Guaranteed ret gold 4s Long Lonllard 5 Tobacco 5s——1951 Liggett & Myers, 85 81% %' 84 •% 79% 1973 :_•.—1973 : Lack & West 4s series A N Y . .. Dtp* • A f. ,r ■ • 4s stamped mu<Jiliea___..._..__—2003 *'•' 4.s registered..-! —_%.* 2003 3 ,<%s stamped modilted:... .....21)03 y.O 4%s registered--,--— —2003 V; 5s stamped modified — .V2003 Lehigh Valley Terminal Ry ext 5S.1951 Lex & Eastern 1st 50-yr 5s gtd___yi965 RR— Vauuy heiugn Low 56. 132 81% 77% 81% NO Hioh Low F-A u-1954 gtd 5s Harbor Term Val Leh Sold W'OA )'U> Range for Year 1944 Bonds Friday's Bid & Asked Sale Price Period v.-'"''- Year 1944 Sold LiJ & Asked u .> Stock fork New Range for Bonds Friday's or 127 FINANCIAL CHRONICLE COMMERCIAL & THE 161 ^ Number 4349 Volume .... General 4%s series D__! ' F-A .1978 .I960 M-S ' ^ :-r' A-O .1965 10514 .105% *103% 1945 J-J 1945 J-J 1952 J-D 1961 M-N N RR gtd J Junction 1986 F-A .1974 M-S .1983 N J-J 1st 4s. 1952 E O & N ■ *■»'$: 106 % Peoria ■' '-'UlL ■'•' •;•/.' , 6 97% 96',■■■■'4 104% 104% 87% 114 % 117% 122% 126 70 73 87 84% 83 83 84 A-O 84 k 48 1954 1956 •F-A 1956 84% A-O F-A vv; 5s C_. series /K 84 V";-' 5 70 y« 89% 71% u. ■ . 81% . A-O 85% V — Newport & Cincinnati ,. N Ref N Y J-J &.'1mot & Cent 5s series C±L—li—2013 3%8 registered—1— 1997 Shore coll gold 3lis—^1998 ./ Lake registered —i^._1998 Mich Cent coll gold 3%S——11.1998 ! 3%s 3%s New York Ref Ref registered--—w-u.L_iillL„1998 Chicago & St Louis--''/' ■ series 5%s 4'is 4^1^—2—1974 A —J«78 C— series N Y Connecting RR 3%s A N Y Dock N 1st Y Edison 1st lien 3%s N Y Gas El Lt H series Y Hi Mtge . Mtge Harlem 4s A-O A-O E 1949 4s For J-D F-A 2000 M-N & Pow gold 5s—1948 gold 3%s series 2043 A 2043 series B_ footnotes see • '•■'4 • page , 128. J-J J-J • - , 82% 107% 10714 — 109% v — <— 1,768 £ 85% 63; - -* Series Series 92% ' ■ 49 3i -69 %: 65 9; , : Series 97% 78% 55 - Series :!83% lOY 57 . 86% - ; Gen 74% 63 :> 153 155 25 . ; 83 17 3 95% 104 •7814-100% 109 3 105% 1st 4 % • • 110% 104 100% 1011 11 101 % 101 81% 82% 389 38% 34 35% 448 82% 34% *104 *102% ..*113% gen & Ash Pittston r'jrtland 1st 5s Co Gen inc Elec 5* extend Ad deb 1st to 4%s 112% 114 113% ! 123% 12414 116% 128% , 21 128% 128% 132% 132 % 5 16 100 % 100 % 1 J-D ^ 115 122 123 123 105% 106 % 1948 F-A J-D 116 131 105% 105% 4 102% 105% 1 101% 105 2 59% 86 Va .87 10 58% 87 37 58 105 105'% 105 105 • — !, 86% — v. • • 86 86% 87 86% ' 86% *106 J-D k_lP77 series C 5% 104Vi 112 — 132'4 1962 1974 1st 4s ser A 5s series B 104 104 112% *123 •86 Young 102% — 105% MrN J-D J-D 1958 ; — A-O . 17 101% ' 123 19% 100 % 11 *114% • 106'% 7% 6% *103 *11214 A-O Pitts 41 17 15% 101% 101% __ 36'4 105% 104% 106% 15% *13% 82% 17% 104 *103% 104% A-O gen -103 101 47 1959 4Vis series D * 9 101% 101% —I960 1st 111 ' 108'/a 101% series A 1950' 1950 109 1U1% 101% series C 1st mtge 4%s 115% 104 s ; 132 127 105% 102% 102% 87 1st 109% 102 W Va lit 113% *108 108% *109% 111 • 111 4%s mtge 131 128% A-O Ch 1st mtge 3Vis—1964 <110% 106 *113% 114 109% 110 8 1st 101 104 % 107 121 29 J-D .1975 82 103% 105% 101% 1st mtge 4 Vis series B 109% 105 Steel 22 53% 107 101% 102% F-A F-A Af-N' 1975 1st mtge 4Vis series B Pitts & Af-N F-A J-D Af-N 95% 87 % 7 56 10614 106% F-A 1970 ; 'kk 105 J-J . 105% 204 1 00% 104 — series R mtge 3%s ser E Pittsb Coke & 108% 87 5b , 105% 105 li 82% 55% 2314 75 !> 55 100 104% AP-S 1937 4s mtge 0*>n 82% /62% f 4s s deposit Gen mtge 5s series A_. 81% , of guaranteed gold——1953 G 4s guaranteed 1957 . H cons guaranteed 4s_—-1960 I cons 4lis 1963 ' J cons guaranteed 4%s 1964 Seri is F ; 86% *56% 1st Ry Phillips Petroleum 2%s debs 1964 Pittsburgh Cine Chi & St Louis— Series D 4s guaranteed .1945 Series E 3%s gtd gold.. 1949 100'/2 :• 1963 debentures Vi 104% 105 105% Af-N Pitts 108% 108% 103% 103% • ; ' .7-59 1,071 86 107%'. 107% 108% 101%, - 100% 102 105%' 105% 106% » 196? ACertificates ! 10823 103% C ;■ y 387 J-J J-D M-1V M-iV r . 78 82% 79% 52 *106 *131%'133 1949 15 A Philippine 85% lOO'/a 112% *126 deb 6s 3s 86% 74 •■':> 108% F-A 1973 stamped 5s AConv ".'k 7314 '■91% - *78 i./ _L-. \ ■ A-O M-S ; 85% A-O F-A Purchase mopev gold 4s N ; —1965 gold 4s.—! ref 46 . ;.,* 100% < F-A . —1965 —7.951 3%s series D_i ^ • F-A • - —, 88% •.86: ■ 89 >■ A-O 8614/^; 84%', 86% A-O i 94% / 31:}v 7 94% 100% 10I7/8: J-J/:/;//; 101% J-J 99'% v97-%" 99l% F-A > 90% « 87.i r; 90% ' F-A 'A;;v> 82% ! 83% River 3%s——1997 Hud ,, F-A impt 4%s series A——2013 & Ref ; .-1945 series A——1998 Central RR 4s 86% 4;: <5 104'4 5 J-J - Philip Morris Ltd deb 3s Bridge Co- General gtd 4%s— Y — —.. B gold J-J Af-3 A ref 68% >.; 78 __ 1954 1974 81 k- 69 5 81% series 5s M-S 99% : J-D 83 72 • J-J 105% 54% ■■ J-J 89% 71% :■■■ W 4 /.!':!:!'; 82% 36 117 108% 109'4 •: j 119 120% 103% 104% 118% - ,-r ^Philadelphia & Reading, Coal— 61 ' A 1st 1956 75 71% ; 123 104 Apr F-A 4%s series C 1977 ' Philadelphia Co coll tr 4%s 1961 Phila Electric 1st & ref 2%s._._1971 1st & ref M 2%s__r__^.— 1967 1st and ref 2%s ! 1974 106% 62 'k< ... ... A-O 1974 1980 1952 Dodge General 104 Vi 93% k 96 45 M-S Apr 7 "90 gold General 106 94 % 1 v'. %-:;•;,; 1947 1956 106% 105% '. 1 ' Ry 5%s_. series B__ 4s 1st. Phelps 91% 88 4 Kv ext — Union Marquette 1st series A 5s 1st 2 4s Pekin & ; 120 Vi J-J A-O 4%s series C„ conv 3V2S deb— Phila Bait & Wash 1st gold 4s— 97 84 Vi •• Pere 4s Eastern & A Income ' ! 3%s__, deb Peoria 15 '!C. '.V. 104% 105 105 116 M 84 k 1 106% 106% 105% 99% •k 113% % 96 % *106 10614 J ■'■ •' •' 123% 124% v: •- : .'"VrL; /• 114% 114% -V: t. J-J ' 103 Vi 13 105% ■ ..1935 series A. inc 5s §ANon-cum - Peoples Gas L & C ref 5s_ 96 . J-J .1953 *' 103% 97 • .' 114% V 102% mtge Conv 1952 1960 105% 15 96% 96% 1984 4%s series E! 108 *11314 -A J-D Gen 9 102% 103 M-N 1954 95% t' 76 107% 107 U— 82 99% 98% 107% J-D K- 1949 98% < 106 1D7% *122% 121% l|23 J-D — 19G4 J-J 95 1960 M-S 1032 1950 J-J • 96% 14 10314 103% 58 94% *100 103 86 99% 101 100 106 ] 105% 3b range Last Interest Exchange Bid & Asked Public 1st & ref mtge & 1st ref & 5s 8s mtge Low High 107 % 109% 113 % 113 % 11 v *101% 102 J-J *100% m-s 110 88 5 ; 107% 108 108 22 j-j 106% ." ■ •'' I '' -•. 1961 —^ . V""- 15 106(4 105% 103 1 105% 105% V'-- 104% 117':; . 107% 102% 26 105% 106 *103'A 104% M-N High 104% 102 411 105% 105(4 J-D M-N ..1961 Low 103% 103% J-J 1959 debs debs Year 1944 105% 105% 105% J-D 1953 1956 Oil Corp 3% Superior Oil 3%s aebs Swift St Co 2%s Sold NO Hum 118 110% 107% 150 224 __ •'* ••• debenture 2%s Sunray 30% 147% *224% •.'• • 100% 110 *149% j-d \ Standard Oil N J deb 3s_: Range for Bonds Friday's or Bid & Asked L, uio 103 17 98% __ 110 j-j Af-N 100 % 30% 29 30% M-N 1968 1972 2037 2037 ref mtge 3s 1st "•113 F-A 1956 Terminal 4s Service El & Gas 3'As 4 A Providence Year 1944 Week's Range Last Sale Price Period Sold 107% 107% 107 % j-j 1st M 3%s—.:—1966 1st mortgage 3%s— 1977 Pressed Steel Car deb 5s 1951 J A Providence Securities 4s__. 1957 Pwr El Potomac Interest Stock Exchange New York Range for We t*wn burn Friday BONDS Bonds Friday's or Sale Price Period. jan. 5 week ending for Week's Range Friday BONDS York Stock New BOND RECORD YORK NEW Monday, January 8, 1945 CHRONICLE THE COMMERCIAL & FINANCIAL 128 224% Tenn Coal Iron & RR gen Terminal RR of St Assn refund Gen *117f 1951'.- 5s 120 Louis— f gold 4s__ 1953 lmpt mtge 3%s series B..1974 J-J in 113 10514 10 111% 111 J-J s 106% ' Ref & *106% Tc-xarkana «fe Ft Smith 5Vas A 100% 1950 1959 R deb 3s 91(4 106 22 10 105 10G% 106% 106% A-O 1965 Company debentures 3s _ 106% 105% 105(4 F-A Texas deb- Quaker Oats 2%s 99% 100% *100 J-J .1964 5 105 % 106% 106% 106 M-N 106% J-J 1997 130 130 130 7 115% 128% ref 5s series B 1977 A-O 103 102% 103 128 81% 102% & ref 5s series C 1979 A-O 103 102 103 90 79% 102% Gen 105(4 107(4 107% 37 94 107 % 94% 107 & ref 5s series D 1980 J-D 102% 102 102% 13 80 % 102% 103 "4 104% 90 91 % 102 52% 57% 104% __ 107% 103% 76 44% 72% 111% 86 72 Tenn Thira 99 va 33 1977 M-S Ave AAdj M-S *111% 1967 M-S 1969 M-S 1934 M-S ' ■ . 1 56 Va 94 44 11 112 12 .1949 J.J 20 19% 1941 J-J 21% 20% St Louis Ham Gas Jan 1960 1968 1947 1998 —--—3 Mountain & Southern Ltd 1st M 4 As Grand Island 1st 4s & Adir 1st gold 5s & Bt Lawr gold 6s 2d ,,... A-O j-j J-J 20 "21% West & Buff & & § A 1st ■Lyjj deoosit St L Pub Serv 1st mtge 5sSt L Rocky Mt ft P 5S stpd tSt Louis San Francisco Ry Af-N ACertificates of 1950 j-j 1950 J-J of deposit —ACons M 4%s series A —1978 ACertificates of deposit stpd—— --- A 4s ser lien Prior of ACertificates deposit —1971 M-N 111% 111% 1945 A-O *17% ACertificates Paul Union Depot St 13 32% 49 592 36(4 6 36 Va 52.Vf 40(4 39% 39(4 40 195» : 43% : 43% —^-(968 Gold 4%S— 1969 1981' i gtd 4s Pac RR 1st ref South Stamped — Devcl Devel St 4s series A & gen & gen & gen 6s 6%s 1st Div Mem j990 1951 1964 1968 _1972 gold 5s Div 1st gold Louis 1994 1950 1956 1956 1st cons gold 5s Southern Ry Devel 1950 1955 1st 4s Term Fran San 4s Southwestern Bell Tel 3%s B 1st & ref 3s series C__ Pub Serv 4s Southwestern 3%s Pictures V < Cons ASpokane Internat 1st gold 4%s__2013 Stand Oil of Calif 2%s debs 1968 98% ■; 109% 106 v 104 101% 105% 12 99 1(0% "l 105% 105% 97% 99% y^ '■ 43% 1st mtge 4s series A 88% Gen West Western ,28% 60 27% 55% 56% 60% 105 46% 56'A 80 83% 42% 77 I 31% 54 23% 3 52% 70% 103% 103% 1 L ; v.: 8 106(4 99% 438 69 93% 92% 93% 148 66% 91% 93% 501 91 93 430 65% 1945 F-A 101 101 ..1950 j-d *117% 118% 117% 119 j-d *107% 106% 109% series I 101% 91% — 109 112(4 109 % 109% 109% 7 10$% 105 106(4 51 88% 105% j-j 107 107 107% 12 98% 107% Pacific 1st 5s ser A 1946 mtge 4%s inc ser A———2014 M-S 77% 111 series A Union Telegraph 475 .1950 M-N 107 107 j-d 105 105% M-N .2361 5s 4 107 42 105 105% 105'A 106 160 157 83% 79 83% .2361 j-j 78% 76% 79 .1949 M-S 109% 109% 109% M-a 102% 102% 103 V *104(4 105 fi guaranteed — Co & 1st S 1st .1949 J-J Af-N 22% > 107(4 102% 80 55% 53 110 77 111% • 16 913# 337 60% 74% 23% 22'A 199 103 101% 105 116% *12% deposit 107% 100% 3 *65% .1930 1st 4s_ 102 80% 79 80% 108% 54 *117% 118% J.J deposit & Du div & term of A-O f- .1960 4s Central 1st 4s of ■ .1958 mortgage 3s B 93% 101'% 101 *101% 102% 6 j-j 1st 4s 93 Co— M-S gold 96% 92% 96 'May 107 275 *99% 117(4 & 57% 80% 14% 24% 14% 18 92 28 II 101% A-O §ASu 93 102% j-j Wilson 99% 80% 38% 98 yr —1967 gtd_ stpd 5$ ACertificates 98% — 90 100% .1951 109% 98% 20 *103% f-A .1960 109 105 Va 63% 60 63 Q-Af 94 102 1966 JAWlsconsin 24 95% 1952 1977 Winston-Salem 124 108% 108 10 V Wheeling Steel 1st 3%s series B__ .1966 M% 123 • • ■ 100% 100'4 1945 Wheeling St Lake Erie RR 4s 105%, 106% 25 '. 106% 106% 106% : 1103 106(4 56 -'f-A guaranteed 4s 5%s Registered : iV'Y' 103% 68 28 .1951 105% 103 40 89% West Shore 102 % 66 % 94 89% 30-year 5s Westinghouse El & Mfg 2Vis— 102% 100% 93% 89% 1948 Maryland 1st 4s 25-year 100 106 104% 94 Apr gtd gold 3%s__2000 Funding & real estate 4%s— 5 *103 100 V* Apr A-O 3%S-1 ref & Gen 2 *126 51 w J A Western 62 23% 8 %>:■ 102 111 1981 4s Power 3%s Penn 1st Western 101% 101% 101% 102 106% 1991 A iyoo mtge ref: Ltg mtge 40 % 449 " ist 1st Westchester % 56 36 Co .'1st 40-year 41% 40 60 20 101% 12 107% 108% 1971 series inc Washington Central Ry 1st 4s Washington Term 1st gtd 3%s 88 Va 75% 4s Wairen RR V 88 60% 32 108 100'A 80 *100% 102 108% W 88 ; ,21% 29 If -8 103% 100 Wabash RR Co— mtge 20 ■; A-O mtge inc 4%s series B 43% V— 1958 10o% 90 *108 —I960 Gen 43 66 111% 104 (2 — 103% 103% j-j 5s__ cons 113 106 -t- 104% 104% M-a 2003 Gen 55 •/ 1st gtd 5s 112 106% 106% A-O gold 5s__1949 128% 56 106% 1st 105% 81 VV 114 95 66(4 Coke & 104% 43% 7 *'M. __ 31% *112% M-S 1974 Walworth 52 102 *109 M-N 1968 79% 43 31% F-A 1957 126% 95 95% 30% 1955 • g ref mtge 3s series D Coal 113 4s series A B 3%s series B series Pwr 103% 6: 00. 42% ' 43 31 4s & 102 42 .. f s & Southwest 1st *82 93% 92% 106% 105% 106% 106(4 105(4 106'/a «. 96% 97 114 114% 118 114 118 119 *116(4 i 92% _ Included in 100 V2 4 108% 112% 7 106 (4 111% __ 57 58 ■ V—■ • 103% 103(4 102% 5 104 delivery sale 106 110% 107% 3 *107 14 105'A 105% M-N 1960 111 101% 106 Odd-lot sale not Under-the-rule sale not Included In the year's range, r Cash sals not Included the year's range, n in the year's range, d Ix-interest. e Ex-coupon. tCompanies reported as being in bankruptcy, receivership, the Bankruptcy Act, or or reorganized under Beetlon 77 of securities assumed by such companies, bid and asked prices; no sales being transacted during current week. ABonds selling flat. * Friday's y ' y In the years range, TThe price represented is the dollar quotation per 100Accrued Interest payable at the exchange rate of $4.8484. pound unit of bonds. 60 49 6 fcj-j .1971 106% §Negotlabillty impaired by maturity. 108'A 110% *110% -1. V 107(4 109% 109% 109% —. not included 119% 2 '' Deferred a 115 106% 106% ' 3'As 106 A-O X 107% 107% " — T968 Youngstown Sheet & Tube— 1st mtge s f 3(4s series D 119 100% - Public Service 97% 96 24 Wisconsin 105% 73% 13 ■ __ Elec 123 105 166 97 Power 3'As Wisconsin 92% 65% 55 123% 125 125 , debs. Virginian Ry 3%s series A—. 42% 60'A J-J J-J J-D J-J M-N Apr F-A 111% 105% 107 59 M-N M-N A-O J-J J-J J-J A-O A-O A-O 107% , , 82% 38% 30% 163 RR cons Vandalia 59% M S Gold 4%s Gold 4%s : 92 92% % 43 M-8 ?8 M-S Va E!ec 87 Vs 53 22 __ 90% ;.V 43 1977 107% 108 —1959 3'As debs ACertificates Southern Pacific Co— 1st 4%s (Oregon Lines) A 107 108 F-A 107% 70% 195 44 *94% 94% 97 1 , 93% 95 95 J-J 107 102 (a 106% 106% .—1958 Va Iron 23 *128 •' M-S 1979 103% 102% 22 106% 106 *100% 101% 39% 104(4 104% of dep debentures 3s 106% 1 106% 107 106(4 A-O M-N A-O 40% 81 *104% --- »94ft 51 ,107 J-J 1947 3'As deb 1952 28% __ 42% -- (Guaranty Trust)— A Ctfs of dep (Chemical Barui)— — t§AAt,l & Birrn 1st gtd 4s 193J , M-S ACertificates of deposit — lASeaboard All Fla 6s A ctts 1935 F-A A 6s series B certificates-, 1935 * F-A Shell Union Oil 2%s debs (954 J -J 2%s sinking fund debentures 1961 r J-J t§ ASilesian-Am Corp coll tr 7s (941 F-A Simmons Co debentures 4s 1952 A-O Sioux City & Pacilic Div— See Chic & Northwestern Ry Skelly Oil 3s debentures (950 F-A Socony-Vacuum Oil 3s debs 1964 J-J South & Nor Ala RR gtd 5s 1963 A-O South Bell Tel & Tel 3%s 1962 A-O grant 4s Cigar-Whelan Stores 5s_ 28% 76 76% *107 (Chemical Bank)— 6s series A cons A Ctfs 72 76 80 (N Y Trust)— dep of A Ctfs A 1st — 104% *107(4 107% 51 V 87%. 87% A-0 4s of dep A Ctfs 103% 102% A-o 1st & 108 108 A-O 5ARelunding 1 3 1955 Va — §A4s gold stamped ; ,—i95u A Certificate of deposit.;.—------- 104% 104% 104% 104'A j-d 2,382 40% 40 A-O 104% 104% 1980 54 54% M-S M-N 1950 SA.lst gold 4s unstamped ACertificates of deposit-. ,■ F-A , 106% 49% 51% 56(4 ' 1952 1989 V & N E Scioto 33 49% M-N (971 3%s B 4s s i deb 1st gtd 4s 1 Seaboard Air Line Ry— Schenley Distillers 20% 17 ■■■ 94 •:..VV 53% J-J j-jr J-D F-A A-O 112 110% 1 3 J-J 1959 ■ 35-year 3'As deb Ref nitge 3'As series A United Biscuit 3'As debs Universal 53% - —(988 A2d 4s inc bond ctfs Joko 5 A 1st term & unifying 5s—. (95J AGen & ref goid 5s series A.—(990 St Paul & Duluth 1st cons gold 4s.(968 t§ASt P & K C Sh L gtd 4%s (941 1,334 107% 106 106 RR— land United Drug 55% —— 1st i 52% 49% 104 103% %.-r United 51% M-S Louis-Southwestern Ry— 4s bond certificates JSt 52 Pacific & 34-year 100% 89 Va 5s_._ Oil of Calif 3s deb 1st 76% (Chic) debentures-.^iA Union 77% v 95% 1 *104 101% U 100 t?: 95 i:' 97% 102(4 92(4 92'A --- 5s series B APrior lien 92% 120 J-J 104% 101% 1 V• 102% 102% 102% 1953 106 32 ;' *100(4 100% M-S J-J (95a \-V'' A-O J-D 55% 96% . " 62% ___ 1955 A ' - •. 1950 19% 63 100% 100% 100% y. 4s gold 4s__1940 gold 5s 91 71 30% 1,037 *104(4 Tri-Cont Corp 5s conv deb A 108% ■fiy *76 ^.'0 1st 1st 1st Elec J-D 20% f 106 ^ 80%. *72 JSt Louis Iron River & Gulf Division 4s stamped ''-pi •'} 104% *__ 57 54 104% *104% 105% 'I-- 90% A-O >M-S 3s Jos J-J 1949 Union St i960 ref & impt 3%s„1960 Cent t§AUnion Elev Ry Baguenay Pwr *104 J-D 3%s__1974 ! .' . 39% 54 Orl New ref 4s income 5s Ohio & Trenton 107% 110% 108'A 108(4 ■ 56% of 1st Union Electric Co of Mo 3%s 2 108% 108% 108% . RR Ry Toronto — gold 5s ■ Tol *125% 1967 1st Pacific-Missouri— Pac 81 111% 98% 100 S, 76 Texas 101(4 *106% *103% ; 100 • 4 107% 107% Pacific & Toledo & Elec Corp- Gas Rochester A-O 97 107 % J-J ..1949 41 M-N -1939 105% J-J _ipfi0 104 107% . J-J ,_1956 J-D & Gen Texas 104 A-O 1997 2000 Gen -1931 . NEW YORK CURB EXCHANGE WEEKLY and NOTICE—Cash deferred the weex in footnote in In the in following extensive list a Dec. 30, ending and include every AND the present we furnish Friday security, whether stock or a (Jan. 5, 1945). bond, in which is It any compiled Friday Exchange Curb Week's Range for Week Sale Price Per ACF-Brill acme Aera Wire Motors cu warrants 1 B Air Associates Air Investors Cnnvprt'blp For FOR WEEK 2"% Shares Range 3% 1.500 2% 22 19% 27 Dec (N J) see page . 133. Corp Oct Air-Way Electric Sep Jan Alabama Great Alabama 4'A 4'A 4% 10% 900 3(4 Jun 5(4 Dec 9% 2,400 6% Feb 10% Dec 13% 13% 700 x8% 2% 2% 600 10 Mfg 26% 1 preferred- footnotes Aireon 21 2 - / Range of Prices Sales _■«anr?jJ:;n for Week- Range for Year Shares ' 1914 r,LOW High • Jan 10(4 Week's Last Low Par High 1 Inc Friday Sale Price Exchange Curb York fo^Year 1944 Sep is intended to 5 STOCKS— Low 1 common—. ENDING JAN. New 3 .' Mfg common entirely from the daily reports of the Curb Exchange itself, and the current year. ,.J.»v ;V High 10 common Supply Mfg class A Class Ainsworth of Prices Low t dealings have occurred during Sales Last STOCKS York week, and when selling outside the regular weekly range ere shows York Curb Exchange for the week beginning on Saturday, complete record of the transactions on the New RANGE New RECORD YEARLY delivery sales are disregarded in the week's range unless they are the only transactions of the which they occur. No account Is taken of such sales in computing the range for the year. $6 Feb 13% Jan 3 Oct Alles 35 Jan Jan Allied Southern Power Co $7 50 preferred preferred • * 7% 7% 8 , 11.700 2 ■ Jan 8% 103% 107 3% 1.300 99% 103% 460 3% Dec 107 107% 60 Apr 89 Jan 102 Mar 114 3% 4 Feb 119 Nov 104% Mar 10$ Nov 2% July Dec 2 ——__—50c Appliance 3 Hut* 35% & Fisher Intl Investing '$3 6 1 common conv pfd • 43% 43% 50 8% July Jan 8% July 43 (a Dec * THE COMMERCIAL & FINANCIAL CHRONICLE Number 4349 161 Volume NEW YORK CURB RANGE Low Par Class A Altorfer Bros Co common Aluminum Co common 37% Aluminum Industries common Ltd common Aluminium American Book 1 100 1 Co American Mfg— Cities Power & Ajight— Central American Class B American Power Foreign American Fork American Gas General American preferred $2.50 convertible preferred 15% Dec 90 Dec 110 Dec May Jan Jan 1% Jan Jan 50 4,700 5% Jan 13% Aug 38 Jun 50 Dec 35% Jan 45 Dec 11.700 1% Feb $ Dec 3.100 35% Oct 10,700 ViT Dec 49% 52 900 46 44% 48% 500 2% Mar . Dec 4% 39% % 5 4% 38% 39% % % 17% 17% 32'% 15% 100 31 313A 12.700 26% 107 175 112% 1123A 40% Dec 1% Jan 19 Jan July 33% Jan 114 Jan Oct Sep 8% 9 1,100 5% Jan 9% Dec 4 2'A 43 50 34% Jan 43'A Dec 49%. 49 Jan "9 48% Dec 25 21 17% 21 1.750 143A Apr 19% Jun 20 25 33 32 3A 33 300 25 % Feb 34 Jun 1 Mach American Light St Trac common 6% preferred American Mfg Co common Laundry American 9 28% 12% (P 'l'\t ■■ 4l'A 25 % 16% July 4.300 ' 150 100 Preferred Sep Apr 27 Aug 353/4 Jan 58 Dec 88% 18% 53 19 25% 18 51 % 18% 25 100 Maracaibo Potash American Republics American Seal-Kap American Corp Superpower 10c _* * com preferred preferred $6 1st common— $0 series American Feb American Writing Paper common Fence Post Anchor Anglo-Iranian Oil Co Ltd— Am dep rets ord reg— Angostura-Wupperman Apex-Elec Mfg Co common Appalachian Elec Pwr 4%% Inc Argus —— Aro £ 1 _1 • pfd___100 1 102% Aug Voting Cables 7,600 10% Jan 15% 5% 4.900 3% Jan 5% 9.800 is Jun 3/g • July J /■ Apr Juh» % July 124% Dec 20% Sep 123 120% 123^ 400 105 19 18% 19% 4.100 14 4% 4 lA 1.300 3% 5% 5% 500 4% Jan 7% July-"1 3% 4 200 23/8 Mar 4% Dec: ? ~5% 18% May Jan Jan 4 '7 700 18% 200 19% 18% 13 Dec % Nov 21% 21% Co 3% 7% 7% 180 7% 23% Jan 106% 23A Apr 4'% 7.400 3 3% 4% 19.300 3 10% 3.200 3% 334 •' 22% 1 22 3% 22% 9 8 Nov 115 :;, Oct 7 % Mar 400 . 233% Dec 13 Dec Apr 5%'Jan 14.0^5 9% . 10% 7% 6,600 14 Jan 4% Mar ■ Jan 97'/a »;iv *13% — 9% Sep Aug 43% July May 10% 8% May 4% 10% Nov 113% July Jun 5.900 111% 112% 112 Dec 19 23% Mar 5 - 8% Dec Coast Line Atlas Corp 8% —50 Co warrants Forge common 8% 9% 59 63% 2Va 2Va 11 % 11% 18 3/8 is y8 19 Products 1 17% 16% Machine Automatic "Voting • 5% 3% July Nov 94% 7% Nov , 12'% 31 Jan 2.700 1 Va May 11% 1 Plywood 1% July Jan 325 2% 5 Drop Automatic 6,000 63'% Corp Atlas Atlas Jan 2% Mar 200 75 I Fisheries Coast 3 9% Nov Jan 300 3/4 & RR Co pfd—100 Birm & Coast "6% % - • class A Tel & Tel Associated Dec 64 - : , Feb 3'/8 Oct ' 900 5% Jan V. 11% Nov 6,100 9¥4 Apr 19'% Dec 18% 12.300 3% Feb 18 3A Dec " 5% 11% 200 25 4% Jan / 1.500 11 25 5% ;' V 6 yA July • 5 & Sons common <B Ft Avery 1 Ayrshire Collieries Corp 12 Oct 8 / 25 — May 21% Feb 25% July 9% 11 25 preferred— Jan 16% Dec B American 5 2%* 2¥a " ' 2% 23/o /■; • 500 3¥4 " 300 Callite • 31 29% 31 7.500 20% Feb 107/a ——— Fire Canada common 30 preferred 7% 10% 11% 13,200 6%' Jun ; 41% 100 39% Jan Rubber Co Baldwin 11% 1,500 e% Jan de Banco 10%^ :'k i 30% Car & Industrial Class A Class B 7% non A I common 5 16%-, 16% ' (L) fcfi class Corp Central Central Maine — Central Ohio Central Gas & Chamberlin Co corn- convertible preferred $1.50 Aircraft Dec July x57A 5 S/8 17% Light 1% & Benson 100 Hedges common..., V4 ^ .'/V'.i • • corp Oct 'r Jan x23 i.kV — 12 160 Phesebrontrh common Chicago Flexible Shaft Co common A"'/' 133% 133/a Service Cities 60c 112% Dec, -w 108% Jan 115 9'% 10 -Xwv Jan 20 100 May $6 Controller Dec 7% May 119¥4 Jun 93/a Jan 121 130 96% May 106 Dec 13 300 8% Jan 13 Jun Apr 120 112 i'i . " Cleveland 2,000 ./:•:■•/ % 47/a 3% Sep Coal Club ; Plow Cockshutt Api- 7% Mar 11 Jan 16% Co 700 6% 30,900 % Jan 225 17% Jan 12% Nov ' 87 16% 17% 73.400 17% 118 125 ' 20 20 1% ' Southern Feb 9 36% 29% Jan % 4% Nov Dec Jun 403/4 11 Jan 29% 2% May 4% 300 5 9% 5% 6'% 39% 4.200 74 73%'" 74% Apr 2'A 3,200 37% 12 Nov 6s/a 3.000 53/4 Jan 33/a 1.900 93% 9 9% 30% 37'% ; // Jan 13A July Jan 10 4 5/b 223/a Jan 500 4% Jun Mar 375 38 29% 29 Dec 9% Jan 3.700 25 Gas Commonwealth & Public Community Water 100 Apr Dec Oct July 63% Feb 93/4 Dec 6% 32% Aug Gas & Coke Secur common preferred 12 56% 480 32 Dec 47 % Mar Jan 80 % 1/64 July 2,400 20% £>; 500 Va Apr 400 9% Jan 450 12% * 27% 1% Aug 12% Va Mar 33% Dec A July Nov Feb 28 % 1 * ' ^ 1/64 27% 12% 25 —1 Service Service— Community 1/64 28 wan ants— Biscuit Co Dec 13% Mar Jan 38 Aug Feb 118% Sep 109- 110 100 104 Jun 111 % Aug 6- Jan 6% Continental Jan 10* Aug 6% 4% 1.700 43% 45% <00 8% 9% 2,200 32 -2%, ~2% 2% 3,100 53/a 6,000 Sep Aug • 50% July Jan Jan 1,600 24% 70 Jan 6% 114% —10 • 10c 1 Hep Nov Feb 113% .100 Oil 9% 63% 80 6 series C„— "preferred Consolidated Royalty Jan 900 118 109 100 Consolidated Gas Utilities 1 Consolidated Mining & Smelt Ltd 8 Consolidated Retail Stores —1 preferred 4% 68% 66% 117 68% * 100 preferred series B il/a% 4 1 — Consol G E L P Bait common 82 Va 9% 19% July July 5¥4 Dec Steel Textile 7«% Corp.. Co Fdy Machine Co & 5 5% 14% 153/4 109 100 preferred prior Cook Paint & Varnish Co 21% 24% Apr Jan' 2% 9'A Jan '/ 21 % Dec >- 3'A Jan 6 July 15 * ; 8,400 9 Jan 15 Dec 160 100 Apr 300 Nov 30 Apr 37 Nov Coro Inc d 35 Apr- 45 16 V: 12 Apr 108% 109 * Copper Range Co Cornucopia Gold Mines "9% • 15 • 8% 1% ■v • Dec 3 550 3% 5% 111' Dec 173% July Feb 8% Dec ii Feb NOV 127¥4 144 Feb j - 5c * 7,::: Iff 1 * 1 50 2 7 400" IS : % 12 Jan Jan 14 Apr ' Convertible preferred • Berkey & Gay Furniture 1 Blckfords 1 —- Inc common Birdsboro Steel Fdy & Mach Co com—* 2 . 'AA A —. '.im Ai L'v/ffX) 13% ■ 13¥4 13% 3 ¥a May 5.100 2 l¥s Jan 12 6% 3.600 Aug 157/8 Aug Feb. 13% Dec $6 preferred A Bliss (E Blue 1 common Ridge Corp common 1 optional convertible preferred $3 • Blumenthai Bohack (S) (H Ct & Co Co 3% 51 • 10% r 50 6% Feb 10% Dec 15% 16 16% 5.200 11% Apr 16% Dec 21.200 1% Jan 4 Dec Creole 800 43% Jan 52 Oct Croft 100 10% Jan 17% July Crowley Milner 6,800 7% Feb 11% Dec Crown 4 3% 51 10% 51% 16 • common 16 11% 9% American 270 80 Jan Dec 31 33% 300 24 Jan 333A Nov Crown _• 12% 12% 100 10% Jan 13% Dec Jan 1% Bowman-Biltmore 114 115 115 Brewing Dec 1st $5 2d Brazilian Breeze Corp 42 • Traction Lgt Si Pwr % 33/4 33/8 ■ 103/4 8% 9¥4 15 Va 15% 50 3% 33/a 1,600 Cork International A— 4% 6% Jan 4.200 . 1 Jan 5% Nov Crystal Oil Refining common $6 preferred Cuban Atlantic Sugar—] Sep 213A Jun Cuban 15% Dec Curtis Lighting Mfg Co 53A 21 17% 15 18% 13.300 5% 4% 12.600 1% May '/ 4.500 21% • Bridgeport Oil Co • Brillo Co Class common A 9% 9% 10 ' American Oil British American Jan "■V"'' 13 3/s Am dep Am rets ord Celanese Amer British Class Brown 16 . Sep A Feb 21 10s $ 53/4 5%' 5% ,_——* preferred Rubber Co Rruce fE Li Co Bruck Silk Mills ■ —X—1 — 5% 24 24 % W- Ltd- Oct 6 Dec 19 May 2% 1% May 100 3% 14% 6% Feb *■200 Feb 24 Oct Jun Nov Nov 21% 4% 3¥8 4.600 23 4% 11.700 15% Sep 26 77% 22% Jan 92% Oct 1% Jan 3% Dec May 21 i, • Buckeye Pipe Line. 20 5% Jan 35 Dec L*. 10 Nov 10 Nov 700 9 Jan ..5 common. Dec Jan 24'A • 1 common 20 3A 3%- Jan 15% 17 >V • 1 common preferred 300 , Dec * 30 10% 10% July ' $1.60 $5 preferred 1st Burma & footnotes 21% see page 133. I Class Inc ■' .10;* — 5 ; £'•*• 12% Dec Jan 9% Dec 2% 10% Jan 2 Jun Nov 17% Jan 24 % 1,200 26'A. 27 18— 27% 2.50 common Dec 3% Nov 26 • . Apr ' '4% Oct 10 __ Dec Jan 19% Nov Apr 8 3% May 100 11% Oct 26 ¥4 2% 100 , 52 Apr 3% ' Feb 19 '/a v- V 19,900 ■ 10%' .. % 18 — -I v-' '..w- J.— — R"C- VV Dec 4% 13% Dec preferred riohf>rtture ...— — Gasket 6% preferred <fc 1 Vilbiss Co common 1 preferred FUamonr) Shoe 22% Feb 113 Dec Am 12 Jan Divco 1 % 1 3'a 1.300 1 Anr Dec 134 July 1 1 —10 10 10 233A Dec Jan 36'% Dec 1,000 6'A Mar 16% Dec 3% Jan 6 Jan 86 Dec Jan 135 May 16% 5%',; 67% 5,000 65 .113. . , 9% • __ 9% 83A 12% .. 21% 19 200 1% 21% 1,300 Jan 10% July Feb 16 Jun 21 July 1% 5% 700 6 28 28 • 3'A Jan 100 20% Jan 29 22 Jan 2634 Dec 10% 1%. 53/4 Jan Feb 10'% Feb 6% July Oct ' __ 13% Mar ! 9% 183% Get 16 Dec 17 July ——1 Corporation On 1% July % 14% 14% 15% 1,400 £1 1 11% 11% 123A 1.000 53% Jan 14'% Nov 1,000 1038 Jan 21'% Dec Aug ' dep rets ord reg Dobeckmnn Dec Jan 5% 2,700' ' Apr 1.400 20 Jan 33'% * common Distillers Co Ltd— 9% May 11% , 31 15% 20 — .. 15% 6% 1 Mlg Gray ,Iron Foundry Detroit Mich Stove Co common Detroit Steel Products Detroit 7% 16% Ref Corp_'_.—_c^i_i.—__* Detroit De x37% 100 , Jan 1,300 x36% x37% x233A 1 5 50 Dec 24 22% x23% .. — 35 A convertible Derby Oil & 14-% 10% * 1 Mills Mfg Rubber $6 prior 97% 11% 1% rets 2% • Dejay Stores— Denn'ison Mfg class A common 350 111% 111% 112 Jan 3% D 8,100 21% • Sullivan Corp Am dep For 21 25 2.50 preferred Hill 3 % ' (Mo) Diana Stores Corp Niagara & East Power— Bunker Feb 1,000 — ■!>'■ common Davenport Hosiery Dayton 18% Aug £1 reg Forman Distillers Buffalo 100 21% Columbia Power „class A— • B ; .-iL^LKi f» prior Brown 21%' Tobacco- 37% July 18 £1 reg Fence & Wire Brown 11% •**' ' 3% Nov 30% im' Ltd— dep rets ord Class $5 rects ord bearer dep British • — Nov 1% 26,500 11 A 25 9% 28% Mar Feb Jan Tobacco— Co — 25c Apr Jun Sep 8 3.700 • British 23 Nov 12% • Mfg 50 9% May 1 Bridgeport Gas Light Co 20 4% * _ 3,800 Dec 17% 21 1 common 73/4 22% July % Jan 6,200 1% 1 : - — 27 9% 1.800 46 40 —: 253/4 103/4 Drug Co common convertible preferred.— Aug 3'% July Jan (Md) Petrol 88 Feb 23 & Co_— Cent 3.400 1% v*' 1 2 150 1% — 2% July Dec 2,100 1 Co % • Aeronautical Brewster 1 100 preferred preferred 83 2% __ 26% 5 Curtis 7 % • common.— 60 Jan 35% Xh // /■ reg)—£1 receipts (ord dep Petroleum Crown 25 115 85 1% 2% * 100 Inc 84 1,700 34% 2% ' preferred 1st Bourjois common preferred 2% Courtaulds Ltd— Scrymser Co 7% Borne convertible 10% • common W) Petroleum Cosden 5% Blauner's Reynolds & Corr'/on v common 1 13 21% 20 -■* Oct 115 Continental Gas & Electric Co— 28 Va __ Jan 12% May 111% July 4 47% Consolidated Jan 2 34 1193/4 18 100 1% 1% 173/4 Mai- Jan Jan 6% —<4. 20 Nov 7 100 8% — Nov 85% 90 , Dec 1% 8% ' 1.000 115 110 13 91 92% 6,000 12%:: 11% Nov Nov 38% Aug / Jan 1% 13 85 125 warrants... preference Dec Dec 120 Electric— Columbia 5% 32 % Aug 93A July Jan • Arms & 97 650 1 Fire Patent "loo , 13 3/4 1 ordinary Colorado Fuel & Iron Colt's Co ; 36'% 13 13% 85 100 * common . /'k. ■ .. 112 35 1 Airlines Colonial —— * 1 Development Colon ■ 110 / * • Utensil Aluminum 18 5% July 7% Inc Corp, Dec Jan 24.400 Oct 13% Mfg Illuminating Electric Clinchfield > 13 5'A i— -VV;/' 10 Co & Lambert ; ""14 ii 8% Lights Neon Clayton Jun Nov 400 Auto Stamping Clark Dec 22 % 7% 5'/a 115 Homes Aug 16 3/8 9% • & Suburban Jun 3% May * City - 7.100 12% 1 • City 118 Dec 9% 13 10 common Oct Dec 00 cT* v.t 105% 106 105% 1 preferred— preferred B preferred BB $6 29 12 May 7% _100 SChilds Co preferred Feb 41 8% * 4 Chicago Rivet & Mach Chief Consolidated Mining Dec 20 114 -- . • 25 Mfg Jan 2% July 17 Jan 7% 200 44% 5 Consol Apr k'. ■■ 144 Jan 12% __ .10 Oct 14% Mar __ 'j. l¥a 50 5 America common Dec 21 2,300 /' 4,100 ■ Cuana 63/s ' Bell Tel of Canada 2 114 ■/ 50c - Jan 17 nfd— 100 common 9Va 100 29 29 x5% Dec 144 — __ 1 Products.;. Jan 300 19% 19% 20 1 common 6% ■A-.V./"';-' 10 Mills Inc common Beauni: 5% 7% Aug 114 1 pfd_ _100 5% West Utilities of Dec 4a Mar pfd—— IlOO 7% Power Steel Power Jun 24 200 43% ~8 % Elec & Power Aircraft Co Jan 53A 12 America Central & South Cessna Sep 5% —10 Co York New Jun 7% Feb — . of 20% 1003A July 4% ■ * Hudson Central _L. 43% preferred—* com & Catalin Jun Sep 500 1% • Co M) 9% July 6% 17 • Products (A Jan __ • — Apr 65 —1 — • A preferred Casco 43/4 July 5% 2 common W) 73a Mar 21 • — (J 93/4 6 6% 100 Carolina Power & Light $7 Carter 4 Apr Jan 1,700 7% 7% • Products Co 33/a May 5s/a Ltd— Class B Carnation Dec 7% Sep 100% July • voting Co & Carman Dec 23A 5% • 23 Jun 278 100 "Bellanca 4 Feb 4.600 5%, • Brummel Ties Beau 11% Jan/l Jan 13 100 6% ~6 % 1 common 1st preferred— 7% 9 2 <' 16.000 3% "7% Canadian Marconi City 2% Jan Alcohol— preferred Capital Jan 400 7 * voting Industries Canadian "18 20% ¥4 6 100 Foundry Ltd— preference Participating Canadian . 5 Ltd. 8% Basic Refractories Inc Baumann K 3% Jan , 5% Jan % ' r— .—■ 1 Insurance Co 33/4 3% 1 ..10 preferred Canadian 600 : ' V- — 3% 4 . Dec 12 Dec 4J7/a July 11% Deq •, Mfg— convertible $1.20 4i .*:' 113% — Corp Seelig & 1 common shares— Steel Barlow — Andes— los American Barium • High. Apr 4% July 700 * 2 % £1 pfd Power Corp Cement 6 % 7n Consolidated for warrants 3 2.800 • BOo 50o Estate.—. Electric Tungsten Conn Baldwin Locomotive— Purchase " 3% ; y'-'r dep rets 5% Sugar California $3 Babcock & Wilcox Co Low 4% Compo Shoe Machinery— V t c extended to 1946 ■ Range for Year 1944 High 4% Wireless— Calamba Claude £1 • dep rects reg Associated Laundries of Apierica Atlantic % Low 3% certificates— trust & Oct / 32 48 14% $7 preferred.* American Atlantic Jan Apr Electrfc Industries- Associated Atlanta 4% 22% 40 75 ' 2.50 Refining & 5% 1% Nov Sep • Works common Oil Ashland 13 V8 • non-voting A Equipment Corp Metal 43 —— preferred Arkansas Power & Light Art 31 % 12 10 class Common 6% 400 31 Shares —.—25c common Cherry-Burrell Natural Gas common Arkansas :.v 13.200 42% 13% 3 • i preferred Thread 5% 1% 1% 31 —• —10 2 Chemical & 1% !, * 1 Meter Co American Amer 1 Co for Week 3% Cable Electric Products common Castle American • 12 %0 Corp H) Sales Range Last Dec Aug 953/4 ll3/8 Week's of Prices Friday v Exchang* Aug 20 100 12% 1 Hard Rubber Co American 37% 115 290 2% 50 Curb Dec 900 109 2% common—10c Corp 8% Feb 1.400 46% • convertible $2 Butler Dec 73% 48 10 100 preferred 43A % 109 109 warrants- Hoe common Electric Si & Jun Feb 900 " 10 Co common Cyanamid & 31 . Biscuit Rnrrv Camden A American Apr Jun 109% ' 1,100 93 89% York vnr 31 Feb 27% Mar 9.000 k . 16% 15% 93 23 23 1 A class Convertible Class y-: 38 . tllUtl 22% 500 112% 1133% 16'% 100 preferred 6% American Beverage common 30»/2 36 / Sale Price 18% —" • * Mfg Goods Luu Uiot> 29 % 1133% preferred b% Aluminum New 8% 100 common conv 5 Range for Year 1944 23% 30V2 10 —25 * * (Mich) Products Allied JAN. Sales of Prices Sale Price EXCHANGE WEEK ENDING STOCKS for Week Shares " Range Last Exchange Curb Week's Friday STOCKS— York New FOR 129 21% Mar •- FOR Week's Range for Week of Prices Shares Sale Price Low Par Bridge Co Ltd Steel to Coal B Uunumon Dominion Chemical Ltd— Textile Co Ltd 4% 6'/a - Sulphur Isxas Duval ll7/8 12 Aug Humble Oil to Refining Dec Hummel-Ross Fibre 39% >■> Jan 2V4 Jan 300 9% Jan Dec Illinois Power Co preferred prior 4% % preferred Malleable Iron Eastern States Corp *<>, 2% 2.900 1% Feb 83% 84% 525 56% Jan 85 48 % 48% ' 1.400 Jan 52 % Dec Jan 35 Nov 134 Grocery Stores Electric Bond & Share common 50% 52 39% 10 preferred convertible $3 15% 97% Dec Jan 99% 46% 1 % Mar 11% Dec 1134 44 •. ^'.'4; 44 43 ,. 51% Aug Dec 105 44 Feb 8% Jan 12% July 1% Mar 1% July 325 Dec 44 Jan ..•31% 834 Dec Oct 34% Apr 1834 1.200 56 52 53 —* Jan Feb 60% Dec 4% Ireland to Inst Co Falstaff 1 Airplane 1 Engine & Brewing • ft;, Common Association (Phila) Ford Motor Co Ltd— Am dep rets ord reg International ; Registered -shares Products Co $3 conv stock \f0 convertible r I6V4 Jan 54 Dec 9% Jan 173B Nov 9% Jun 15 Dec Jan " — 15,900 1% Jun 4% Dec Investors 100 12% Feb 17% Dec Iron 14% Feb 53 Dec Sep Italian Superpower Dec 65% 70 56% Apr 67% 5% 5% 900 4% Apr 6% Oct 1143b Aug Jan 66% Feb 100 46% Jan 70 500 1 Apr 334 Aug 800 rl. 1% Jun 3% 19 , 17 5% May F'ireman Mfg voting 77% Feb 100 1434 Jan 20 Dec Oct 22 22% 2,300 19% Feb 23% 22% 22% 200 19% Jan 23% July Jan 5% Sep 33 32% 34... 650 23 Aug 31% Dec 7% Jan 22% 15% Jan 20% July 4,400 7% Jan 1034 Jun 5,800 16% Apr 19 3e Jan 200 16% Apr 19% July 3,000 10% 18%. 19% 19% 19% 19% 19% 11% 2% ft 24% 1134 2% 23% 1,100 2% 24% 1.23 1 3% 3V8 3% 17% 18% 1,500 57 57 80% 80% 3 1,100 17% Jun -- .—100 —• Aug 5 Aug 25*2 Dec 200 48 Aug 52% Dec 1 Feb 13b July Feb 30% Aug Jan 20% 50 25 500 7 550 17% 1,000 7% Mfg Co Jan 21% Gen v Feb 62% Nov 10 58 Jan 84% Nov "y: «.—£l ord reg i v preferred series A General Fireproofing common 5% Outdoor Adv 6% pfd General Public Service $6 preferred General Rayon Co A stock , General Shareholdings Corp com Gen preferred convertible $6 Water Gas to Electric common S3 preferred Geoigia Power $6 preferred $5 preferred Gilbert (A C) —ft common 1% Jan 600 20 Glen v . Alden Godchaux Sugars Class ' $7 ft; $3 Mfg Glass Co Jeannette — 5 2% Apr 5% Dec 5 Jan 13% Dec 2% Jan 53a Oct Nov 105% Feb 109% Nov 110% 110% 110% —100 * * Feb 92 50 100 Jan 111 Jan 120 preferred 87% 10 18 100 preferred 1% Julian to Kokenge Co 75 107% 107% July 104 104 104 Lt 5%% pfd—100 Jersey Central Pwr & ?:. Gray ;;' Great Atlantic & 800 14% 1334 1334 7% ; Great Northern Grocery Gulf Utilities Lime & 11534 Dec 110 Nov Jan 100% 10 400 •" "h- ' 10 1534 $4.40 4834 11% Mar Apr 19 9 Jun 22 % Dec 104 Jan ft 5,800 % Jan 7% 600 5% Jan % . 7% • ; '-ft'' •' • 39% • x40% • 30% 300 40% 86 * 110 425 87% '• Nov 8 7% 8 100 82% May Jun 40 Feb — — Nov 8% Jun Jan 1434 Dec 93% Mar Oct 136% Aug 29% Jan 37% Dec 65/4 — Feb 11% Nov Dec 3% Mar 8% 107% Nov 111% 25 Jun 10 - 8 Co • Hammermlll Paper 10 Hartford Electric Light. 25 Hartford Rayon voting trust ctfs J Harvard Brewing Co— 1 Hat Corp of Ankerica B non-vot com 1 Hazeltine Corp • Hearn Dent Stores common 8 Co Bridge Lane Lane "2 110 53% Lefcourt Realty Convertible Leonard Oil Lionel ; Locke common. B L% Co_ 25c Rubinstein Helena • • 2 Class A Co Heller common preferred w w — Henry Holt to C" participating A 5%% . . Common Rubber common Hewitt 100 • 1 5 v ■ ' ■ 9% 31% 6 31% 7 Steel Chain ExplorationLouisiana Power to Light $6 pfd— Land Louisiana Lynch Corp 26% 3% Jan <100 41% Jan 6.700 634 For & Co common • , Apr 5.200 Jan 100 10 11% Oct Jan " — — — — 20 19% 2034 38 9 14% — 200 1434 1.300 18 39% 1,200 2* 9% 1.400 15% 300 39 20 :• ft, ;t;ft 63 96 % Aug Feb Jan Dec ft 93b Mar 37 Jan 67% 500 57 Nov 65 64% 12 5,400 \ 16 15% 15% 4- 3% 4«/a 3,100 7% 634 7% 300 14% 2% Dec Feb Jan — 14% July Jan 9% 21 ■ft ft — Dec 8 Jan Feb 400 14% 1334 4% 110 Jan 2% Dec Dec 18% July Jan 105% 27 Dec Aug 6% Apr 3 Mar 8 Dec Feb 75 Oct 800 "134 ~134 "l34 5 25 "734 "e% 634 20,000 30% 300 30 • l1? Dec h J»n 26% 31% Aug 14% 14 14% 1,500 Oct *2% "334 Apr 15% Dec 10% 500 14% 10 25 14% 10 Feb 14% Dec 22% Feb 14 % 28% Dec 1,400 — ,ft" Dec 3% 23 % Nov r21% Nov 15 Feb 18% Nov 7.600 8 Jan 6,700 11 8% 8% 'I:' 6% Feb 150 18% ftftft 1034 8% Jan Jan ' 18% -ft 1834 11 1% 18% r2134 • * • 8 10 1 * 109 % V 33 33% Oct 11 Nov 9 Nov Oct 114 Jan 343# Dec 2% 2634 Mar ft'-c 500 33 34 834 Steam Shovel — Massey Harris common. McCord Corp 7% July 9% 2034 Memphis Natural Gas common— Dec Mercantile Dec Merritt May 105 Dec Aug; Stores common 8 Dec 6%% A .* 27% Oct Messabi Iron Co 6% Dec Metal 17% Dec Corp_ : Participating preferred. Edison $6 preferred 22% July Feb 42% Dec Nov 11% Jun Michigan Bumper Corp——. Michigan Steel Tube 17 Dec Michigan • Metropolitan May 1334 Mar Jun 13 Mar 33 Jan 40 May Sugar Co 8% 1..1-..V134 Preferred Micromatic Hone Corp 2.50 • Oct 35 Dee 5 Jun ; : y 100 H. 6 Nov Oct ,'>'v 4 % .v: 8 ; H 800 ■ '^:'v 7.%-'-s <> , '7% i'6 % : 13 I-.:-' 13 155 Feb Jan 8% Mar Jan 138 ,10 ' l-.'; ?434 W>434 93 13% 133-4 5 91% 14% 4 v.: - 4% X1C3 3% 4,300 ' v:100.. ... 5,300 : 500 110 »:•. 4% Jan ;;4i Jan 6 U :::' % 21,200 Jan Sep 99 175 Jan Sep 1% Mar . 8% '43a Jfilv 43% . • 3 43% 14% 4% 110 Jan 4 Jan 44 Jan 116 1% 10 834 1 1234 ' 9% 1,100 834. 300 4% 850 1% 834 2% . 1234 12% 100 Dec Apr Dec Dec Aug 4% Jan 36 20 300 1% 834" 834' "3 •Ploc 94 1% -- Dec Oct 165 110 —. Jun 8% July 14t8 2% 1%' 334 Jan 10 . Jan 2 % 2,100 .155 26;. ? ' 1.100 13% • 800.;, ■■ 7% '7 : • Jan. ' 1 ; Dec 31 ' — 8% 4 100 1 —25c 15 Oct 102 \ • ' - preferred Textile ' • — & Scott—. 16 i. Jan 15 >• Chapman Warrants Jan Feb 81 •'-.-ft.'' • • ; • — .Tulv 12 ,.L . & Co— 134 5% ,200 ft ' . —* Mead 14% MarL'; v Dec Jan'. Not": Johnson it ' ftr- - — Dredging-: McWllliams -• 'I-". ft £1 • —._,* > —* 1:,-'J ———* " Jail' Jan ! Mass Utilities Association 497,4 \; - 14% 14% ftftf - 2,600 234 2%' 2% 14% '••• Ltd Dec 12 __ 39 103 7/8 .3% — 18% 9% 12 — — 50 680 65 63 65 Internat Marine Communication Co Dec " — convertible preferred Mapes Consolidated Mfg Co Apr 73# 34% — — 18% Oct Feb 7% Dec 17 Jan 84% 200 r: 9 16% July Feb Mar 8% 600 17% 17 1% July % May 16 1 • * $5 4% Apr 150 9% (Geo A) 9% 200 ft: M Marion Jan 250 38% Hormel 50 lr optional warrants 2% July 5% 14% 8 * * common 8% ft Dec 17%. 8 common Mareay Oil Corp 23 10 Consolidated G M— & Nov 14% class A—; to Co <Ri ; Lone Star Gas Corp common 56 21. — 20 % Hoe — Jan 47 14% 2.50 Hollinger 49% , 23 Hetyden Chemical common Holophane Co Horrier's Inc A —„; Marconi 2% IV* 50 preferred Mining - Class Groceterias Loblaw preferred^. Inc 6% (Thos J) Brothers V 500 4%:: July 9 12 t Corp Lipton Lit Inc (R G) Material Co Nov 1.400 l7/» 7 4 Sep 15% 1 • 25 1 — preferred Dec Feb 4 Feb 4 A—• Development Le Tourneau Line common 6 l'/a 7 634 Sep 2.300 4% . 10% Jan 4% " 2 m--*. 4 Langendorf United Bakeries class 29 V . — 52% 234 5,600 100 1 Wells Co common.: Corp Xl9% Mar Ltd ■ Hecia 5% 300 9% 2.100 1 of Delaware— Bryant 1% preferred , 9% 3% 9% 1 8 Lakey Foundry & Machine Lamson Mengel Stores 9% Feb 334 8 1 ft* ; ' Lamp 55 8% July — H Hamilton Oct 3% 64% Shore Mines Lta Lake Manati Sugar Hall 61% July 38 10 ftft 42 42 Oct Dec 6 700 8 — Jun 113 Oct 4834 of deposit Certificates Class Jun 83 17,700 14% 111% 111% • Oct Jan 130% . — 10% 14 Jun 7 23,900 15% 'w— 100 Oct 434 ■ 13% 14% Jan 110 100 'N Ji RR Lackawanna 1534 Aug Feb 20 Dec 55 Apr 700 110'% 109 40% 16 Feb 37% 475 13% ft 25o Mar Jan 13% 8,900 49% </$■■ 1234 110% pfd Oct 934 100 19% 1834 1 common Alabastine Dec 52 May 51% Mar ' 10% i • Products Stores State Gypsum Mar 111 175 25 Paper Greenfield Tap & Die .. Nov Dec 9% 800 100 —J Co Brewing Kreuger Dec 25% 800 25% • —- 11% 31% 1 • -—10 Kresge Dept Stores— 4% convertible 1st preferred-. Dec 5% —1 Corp common Kobacker Stores Inc Dec 22% 24% 1 J Knott Feb 15 33 x30% 31 100 100 100 pfd Kings Co Lighting 7 V pfd B 5% prelerred D Kingston Products Kiiby Petroleum Knirlano Luxe G M Co Lta Klein (D Emil) Cft common Kleinert (I B) Rubber Co Kimberly-Clark: 6% 124 934 Mar 4 2 % Mar Pacific Tea— Non-voting common stock— 1st preferred ft 52% 13 13 49% 1 8 Co Mfg Jan Nov Dec 21% K preferred.—100 Kennedy's Inc— 8 Ken-Rad Tube & Lamp A • Kev Co common— .* Kidde (Walter) & Co__. 5 7% Kansas Gas to Elec Nov 41% Aug 134 May 300 8,300 13,000 5 - 11 Jan Dec 13% - 19 10 common Grand Rapids Varnish . - • preferred Gorham — • class A Inc Gorham Mines 9534 Jan 15% 15 ;; —• • Consolidated Jan 25 - • preferred Goldfield Feb 8% 110 110 2 % July 134 11134 112% 15% Oct Oct Dec 75 % - - — — 52 52 90 V; 60 95% ; '-W— ' r.— 112 • class A B 102 Jan • : • Coal 140 Jan 4,300 ' 9434 Jan Jun 100 2% 2% 2% .' 34 1% 1% ' 8 % May 79% 40 Nov 21% July 74 ' i 85 July 7% Jan 115 ' 102 16 /i Jan 8 Dec 134 July Feb 1434 19%, ft Jan . 3% 80 • • Co Gladding McBean & Co 12% — 2,200 102 * Preferred Gilchrist • 4~:.' -VE 18% •• 4% Jan ii ' . Nov 1,600 — — ■ 79 1,600 y;■■■ 18% • • 1 • 1 • • • * Feb 134 7% ;. -v; • 100 Elec $6 preferred B .Jas & General Dec 3% ' Gen 10 1% 7 1 10 • General Finance Corp common Feb ft 3% ■: 3% — t. • 7% 7034 100 Electric Co Ltd— Amer dep rets ; 203# July Jan 1& Dec 5% 12% Nov 37 v . 5 * common General Alloys Co Oct 3b July % Mar 1,200 1234 5 ■ 18% 10% 20 10 10 V; '*-«• luO preferred Gellman .. Aug 18 — — 12% 4% July Dec Feb 16% common——1 common ft 3 650 30% 30% 1734 1 8% % % 20 2034 ;9 *' 9% - Dec 13% 7% May 1% Jan 12,700 13 51% 51% — 1 * Co (F L> ;6% * Co Dec >91% , yy - 9% 10% • • 10 Engine Co Aircraft Jacobs Jacbos A " Power Dec 64 Jan 27 500 20% , Feb Aug 875 , 5 % Dec Mar 42% 106 — Gatlneau 27% Dec 57/a 113b July Feb 2534 Mar 65% Jan 9 50 88% 2°. •' 20 • preferred Irving Air Chute 11% 13% July , 22% 17% 1 >;•;••• % trust ctfs—• 2034 — 1 934: * — Royalty 133b July Apr 3O5 11% 87 * Mills 4% Apr 11 1 Equipment Home Hosiery 10% 1,200 12% . . Jun 6% — 15 50 com preferred Power $7 2 preferred Corp Utilities International Interstate 22% (Geo A) Fuller Jan 43% 1,450 ~ 11% Dec 4% 100 3,700 5% 20% • B Razor International Safety Nov 22% Brewing new shs coupon International 600 E1 Co Distilling Grain & Malt Froedtert -. Jan 3.500 — - 5,600 Motor of France— dep rets bearer (Peter) Fox 16 87% A Warrants .International Petroleum 10% Amer Franklin Oct -ft- 50 f International Minerals and Chemicals— 52% B voting Class Ford ft. Dec 1,000 16% ft'ftft' ■-..•"•■ series Metal Industries 22 of Canada— non-voting A Class Dec 3% 183# Electric— Hydro $3.50 Preferred International 65% Co—25 10 32s« Sep 8 Xll3a July 3V4 July -v . 13% 49 50 Motor Ford — Jan — v & Warehouse Federal Compress Fire Jan 9% ■ ft. ... preferred 7% 1 9% Mfg Co Fedders 20% 1534 . ft .(Insurance Co of North America 10 International Cigar Machine—* 7% 17 * Metallurgical Fansteel 400 ft ft* ft: .52 54 100 58 57 . 58 .J Ai 3'. ftftftft2343 3 3 2% 3 100 64 63% 65 Industrial Finance v t ft common 1,900 4 4% Dec ftftft ft—. ■ 12% 11% —3 & £1 preferred 7% ,u Interstate Falrchild Camera 43# — Britain i. 13% 12% - Great Jan .'Indianapolis P to L5%% preferred_IO0 . Indiana Service 6% preferred 100 'ftft .54. ft" Interstate Fairchild ft_, of Tobacco 2% 16% 17 % 14 ... ,14% 4 • . £1 • _• coupon Registered Imperial $3.50 13 : ; Imperial Tobacco of Canada • 27 800 8% 8% 8% (Canj Imperial Oil • . Sep 100 1% 1% Dec 46.700 ni'' 11 ~iya "-"'16% Sep 100 H. 'mt,'' Urn July 42% Mar ■ • ,.38 Sep 46% v.?75 Dec 73 Apr Feb 30 ill Jan •4i Dec Dec 16 : 600 49% N Jan ?J-. 8% 175 . 49 "• 200 37% 15 ' Sep 08% 1.200 12 36 Dec 11% 2,600 ' T(f 1834 Jan' 33% > 1.500 72% 16 11 % — Jan 7% : Jan 1,500 .4% 53%. 53% 165/« 1434ft' • Co Chemical Industries— Am dep rets regis ft 9% July 14% May 300 69% :/i Zinc Imperial Feb 71,000 ' 99% 49% —50 common Eversharp Inc common Pipe Line Eureka 10 J/4 97 97% ■mW' * -* Esquire 48% . 10o Corp common Equity 9% 36 preferred 50 Empire District Electric 5% pfd—100 Empire Power participating stock * Emsco Derrick & Equipment —5 Oct 100 % conv 35% Illinois Jan 6% ■ 1' — 38% 4 16 15% ft Sep Jun 500 30%.. 31 : 16% - — Dec 453i 9,800 ■ 50 — ctfs arrear 25 3,300 4 %. 30 %.' • common preferred conv Dividend Dec 800 95% 12 IS Dec 52% 8% 72 -J 53% Jan 17% 9% • Jan 325 . 97% common Co ' 33% 8 95% Oct 134 Mar 33% 17 _ —- % 725 40% 1734 4V- 5% Dec 475 51 $5 51/2 % 24% ■ 1,200 52 40% 8 pfd A 32% —— 1% 1% 50% * 1 ——* * Economy Elliott ; — 51% $7 preferred $6 preferred. Electric Power & Light 2d Option warrants Electrographic Corp Elgin National Watch Co 50 ■ — * preferred series A $6 preferred series B Eastern Sugar Associates— $5 preferred — Eaoy vvasiung Machine B— Oct 2% 2% 25 Eastern —1 preferred 1 ft—-——-1' Electric Securities--—ft * -dygrade Eooa Proaucia ft—-——8 1st Apr 8% 4% ' 83% 10% Hydro Dec 2% • 100 100 Fuel Assoc common Gas & East Co. ikvi 113% Aug 17% 45%. '7% •8% . Apit Dt'C 31 10% .11% 44 44%" ——— Huyler's common— Dec 4% July 13% 110 350 23% 23% Corp——8 Ligonier Hussmann ' 30.%' .31% —100 ——5 — (Harveyt. Inc_, 10 3% 900 —— preierred-; Hubbell 83 200 12 Haraart & a'/e - Oct Feb . 9% 3% 1 • Horn Nov 119 ft an o Oct 9 July 20V2 350 Hiyn • f , Jan 116 —;—• —i * Co Baking 80 Feb 3% 9 % ■ class B common Hosiery Test Corp common & Hardart 9% Feb 26% 200 39 7/# 74 Co Duke Power Durham Duro 38 % Harris Co Driver Horn 63 Oct 67 ^ COip Diaper Sep 8 Ve July Jan 63 out, 4 Co common—— (A 25% Feb 6% --ft CI Horn 1944 Range for Year Hum Low 3% 6% July Nov ; Par High 2238 May Dominion Tar & Dominion 4% 1,100 ' Last Sale Price Range for Year 1944 :ftft Lou Week's >;■ Sales .ft Rangeft, for Week of Prices Shares Friday Exchange Curb York New Hia* 4% 4% 1 -* 2" class A com Domestic Industries ' Sales Last Curb Exchange WEEK ENDING JAN. 5 STOCKS Friday 8 T O C K 8 York New ______ CURB EXCHANGE NEW YORK RANGE Monday, January 8, 1945 CHRONICLE & FINANCIAL THE COMMERCIAL 130 ^ - Oct May Aug Mar 4!4 July 10 Dec u Mar ii> 1% Oct Jan 9% Oct Jan 15 7 a Oct 0 5% footnotes see page 133. 4tSSm I Volume THE COMMERCIAL & Number 4349 161 131 FINANCIAL CHRONICLE NEW YORK CURB EXCHANGE of Prices Sale Price Shares Sale Price /:/r I A v t c_l Class B vtc i 1 r 3 %.. Miuuie West Corp common. —5 y' 11% Midland Oil Corp $2 conv preferred-.* 13% Middle States Petroleum class Steel Pioducu,— Midland Co Midwest Oil Midwest Piping 10 Minnesota of Canada Mining & Mfg.. Minnesota Pwr Mining Corp A Utilities Loan Society Dakota Montgomery Ward A Montreal Light Heat & . 1 -10 8% Muskegon Piston Ring—j..—. Muskogee Co common——i... Governor Pierce Nov Pioneer 27 Gold Dec 1% 1.100 2% Oct Pitney-Bowes 67 % 100 Jau 106% 114%; 114% 100 109% Jan 115% 300 8% Jan 13 13 13 ; 70 Mar 52 Pittsburgh & Lake Pittsburgh Pittsburgh Pleasant Valley Wine Co 11% Dec 28% 1.900 8% Mar 12 5.600 2% Feb 4% Aug 1% Feb 2% Aug 181% 182% July 7 July xlO ' May 183 < 350 20 38% 40 „ 15,200 6% 700 Premier 50 10 li% Jan 14% Sep 6% Jan 11% Dec Jan 90 Dec 64 Inc common s Prosperity Co class B ; Providence Gas Public Service of Colorado— 6% Y ". ? Corp 1st preferred National Breweries common.—; common Candy Co City Lines common National Fuel Gas Mfg & Stores Refining National * common—,-..* Steel Car National Tunnel Union Nttnioiial Oil Navarro Nebraska Co Power Nehi Corp 1st Nelson %% ' New Idea Inc common New Co Zinc., ——* Laud & Arizona Mexico Y N Y & N Y Y Honduras Merchandise Jan 35% 20,400 1% Jan 4 4,700 2% Sep 4% Oct 8% 9 1,300 7 Jan 9 Dec 37% Apr 64% 66 1,120 55% Jan 69 Nov 18% 19% 1,200 10% Oct 24 Nov 121% 900 95 Jan 118 Y State Electrio it N Y Water Service 6% 16 Feb 50 3% 6% 8% Jan 10% "3% Jan 14% 1% Jun 6 Va 2.200 3% Jan 5% > .y 26 100 38 8% 2% Aug 7% July 33% Jan Dec 105% 130 Dec 114 Jan Apr 88 July Jan Oct 12 6% May 700 9 ; 10% Oct Feb 9 Jan 5% 3 47% Jan 21% 100 18 Feb 113 110 104 Apr 113% Nov 14% 16 600 Jan 151/4 Nov 20% 21 % 300 65 / 65% 2% 2% 21% 111 . 18% Mar 54 1,100 v >6% Apr ~5% ~6% 12 12 31% 32% 200 115% 116% 70 .6 .. 32 % 64% Z Dec 21 Aug ; 21% Dec 66% Oct Jan 2% 600 3% Feb Mar 35 . Apr 725 63% . 7% Jan y 64 Va 64% 44 Nov 400 3% Jan x6 Nov -v/' 25 -7% Jan 11 Dec ' 21% Jan •'VI1% Jan 34 Dec -15% NOV -,115% 112% 19% 700 108% 109% Vy' 160 U no 18% 19 •65% 66% . 3% Hudson Power common 10 3% 5% 1st preferred 100 90 5% 2d preferred 100 Class B optional warrants Niagara Share class B common _5 7% Class A preferred —.100 105% Niles-Bement-Pond —* .15 Nineteen Hundred Corp B 1 yv^y Nipissing Mines ——5 2 Noma Electric— ——1 21% North Amer Light it Power common—1 1% preferred.. ——.—/-• .127% North American Rayon class A— • 39 Class B common * 6% prior preferred 50 67 y« 3% 90% 90 Jan 117 102 Jan 106% July 13 i Jan 107% Dec 60 .; 52,200 2% 700 May 74 % . .. Jun 19% Dec lit, Jan 75 Jan 1 Apr Oct Feb 94'/2 83% Northern 80 % 200 Va Apr 7% 2.600 5% Jan 7% States 200 Jan 107% Aug 133,4 15% 12,800 10% Jan 13%' 100 9% Jan 13 % Ohio Power 4%% Oh.o 1st 4% 22% Dec 6% Jan Ja 12% 1,300 6% Apr .—-^3 $1.30 1st Gas common B 158 10 13 13 25 71% Jan 149 85% July Apr 158 % Dec Jan 12% Dec Nov 1% Jan Jan 10 Va 1 16% Dec 55 Oct Dec 2 % 1% 6,200 1% Nov 24% 23% 25 pfd D__—100 * Rome Cable Corp common 8 Roosevelt Field Inc 5 Root Petroleum Co 1 $1.20 convertible preferred 20 Rotary Electric Steel Co 10 Royalite Oil Co Ltd.... ..... • Russeks Fifth Ave —.—2% Pendleton Inc July 15% Jan 2% 1% Aug 42% July 24"% Oct 2% Jan 21% July 26% July 14 % 14% 100 11% Jan 15% 7% •7% 7% 3% Jan 7% 20 Va 19 'A 20 Va 36,200 1,500 Jan 19% Dec 13 % % 3,100 Nov 1% Mar 3% 3% 3% 700 % % 300 1,300 11 % 2 % May % Jan 105% Jan Dec Dec 4% July 1% July 109 Sep 12 12% 150 11% Dec 15% Feb 17% 12 18 200 10% Jan 18 Dec 2% 2% 200 6% •' .. 7% 1,900 2% 5 Feb 3% July 20% 21 21% 5,100 Apr 8 Aug 17% 7 Jan 19 Mar 13% Oct • 16% Aug ,20% Dec 18 Va Dec Jan 8 11% 1 "S'/V • Dec 3% 10% 6,000 3% Jan 10% Dec 8% 1,300 4% May 11% Oct 3% 3% 1,200 1% 8% 1 "9% 7% Ryan Aeronautical Co Consolidated Petroleum Ryerson & Haynes common •ft Jan 48 Rochester Gas & Elec 6% Roeser & 12% 40 —1 1 Richmond Radiator Rio Grande Valley Gas Co v t c .1, Jan 4% Aug j St Lawrence • 50 Ltd Corp pre! A $2 conv Class St 39% 500 27% May 40 40 200 28 Jan Jan 123 Dec 38 % Dec 39 Dec 52% Mar 54% Mar 13 V* Jan 1% Aug Jan 5% Dec 7 Jan 14% Dec Jan 89% Dec 600, 1% 14% % 4% 1% 4,500 16% 17% 2,600 26 27% 1,100 Sep 7% •v 110 Dec Jun 17% Dec Jan 23 27% Oct 3% May 3,800 4% 23 250 114% 116 50 21% 7 18% Jan 4% Oct 24% July 2% Mar 11% May 43,600 4% 1 1 10'A 9'/a 10% 52,400 7'A 7% 7% 4,300 2 % 3% Y.: 3% 3% 2,200 1% 23% 23% 300 * Schulte (D A) common 1 Convertible preferred 23 Scovill Manufacturing 25 Scranton Elec $6 pfd —* Scranton Spring Brook Water Service— $6 preferred— • Scullin Steel Co common _• Securities Corp General 1 Seeman Bros Inc • Segal Lock & Hardware 1 Seiberling Rubber common • Jan Feb Jan 3% 3% 4,500 1% Jan 70 Va 71% 200 50% Jan 35% 35 % 36 700 27% Jan 3% xll2% Dec 3% July 19% Oct 6% Dec 10% July 8% Dec 4% Dec 25 Oct 3% Dec 75 Jun 36% Dec 114'A NOV • Feb 95% 10% 11% 2,000 9% Jan 12% Mar 5% 5% 100 2% Apr 5% Nov Jan 48% Jun 92% 11% — 220 94 64 40 Dec ~2 Va 9,500 1 Jan 2% July 9% 10% 2,700 6% Jan 11% July 22 ~2 _2% 10 July * 1 16% Feb "1% 1% "l% 3,300 % Apr 5 12% 12 13 2,450 6% Feb 12% Dec 25 prior stock 14 Sep 71 — $5.50 May 7% common Selby Shoe Co. Selected Industries Inc common Convertible stock— 4% V 6% 400 200 2% 17 G% G% 8 ; United Corp common Oil Co_. Co 2% 16% 17 .5 Regis Paper 39 103 29% 30 112 18% 1,100 30 * 6 Aug 8 Feb k6% Jan .1 6% • • •• — 38% 25 1st pfd V 'v • .' . 700 38% — • 7Vo *. 20 107% 107% • • 110 -100 pfd 7% Mar 9% 1% Mar *84 85 600 67 Jan 87% Dec 84% 83% 83% 84 Allotment certificates 13 Safety Control Sentry 1 1 Serrick Corp class B 150 69 Jan 87 Dec u 700 Shattuck Mining Denn Shawinigun Water & Power Nov Sherwin-Williams common pfd series AAA of Canada cum Breweries 20 110 ' 35 32% — Jun Silex 38% Dec Dep Jan 109% May 110 Jan 6% Jan 23% Feb 88 5 • —— r. * ' — •>. 9% shs, ' " ~ 8% 60.300 6% Apr 6% 9% Co ,T„,. —— —10 * —25 1 A « ' Light $7 Mfg Co preferred- footnotes • common see page 50 100 Manufacturing Co Singer Dec Singer Manufacturing Co Dec Amer Solar Manufacturing Smith July dep rets ord regis Solar Sioux City 9 Jan 36% Jan 22 May Sonetone 32 Jan 50 Mar Soss 110% • 40% Dec South Coast Corp 33% Jan South 33,700 25 64% 50 43 2% 300 109% 110% 440 38 V* 39% , Penn common—.. Oil Pa 400 3% 7,100 2% 15% 16% 105 — 16% 105 1.100 100 • 3% 12 Apr 91% Feb 20% 25 575 12 Feb 21 20% — Aug Apr Feb 110% Apr 100 Southwest 78 Oct Southern 49 Dec 5% original Line preferred B Jan 6% % Jan 3 Oct 6 % 111% Dec 5%% 109% Nov Southern 38% Deo 94% Jan 20 90 Jan 700 34 Dec 7% California Aug Colorado preferred - 14 14% 13% Jan 26 1 100 5% 5% 5% 400 £1 100 • 1 2% 275% 250 111% m% 273 229 10 108 273 Jan Jan Apr Dec Apr 16% Dec 106 Dec 115% . Feb 19% Dec SI Aug 16%, Oct series C Power class A Nov 83 6'A 295 Dec Nov Oct 2% Feb 15% 18,800 5% Jan 112% Oct 12% Mar .. 17% Dec 15% Dec 2% Jan 14% 13% 1 7% 7% 8 7.200 3% Jan 7% 1 1 1 3 2% 3 Va 17,500 2% Feb 3 % Apr 8% 8% 300 4% Jan 9% Nov 2% Jan 4 Dec 4% 2.800 42% 42% 600 41% 4% .. 52% 60 31% 32% 500 30% 31 600 4 Apr 28 10 40 Mar Edison— preferred preferred 14 • 25 Pipe Dec Jan Mar 4% 5% 107 Va 107% Manufacturing common Jan 47% Co Corp Aug 78% 2 Nov 28% 5% 10% ■>;, 3% Ltd— Gas & Elec 7% pfd (Howard) Paper Mills Aircraft Co Oct Dec Mar 47 % 5% common Nov 34% 29% preferred Simplicity Pattern 16% 78% . 39% 133. 47 29% , « com nrp'prTOf) 200 , , Pennsylvania Edjson Co $5 series pfd_* * $2.80 series preferredclass 19 • common A 18% 47 19 1 . common convertible $3 24 1 Corp 9% 10% 3% 1% July 6 10% Simmons-Boardman Publications— 36% 106% Mar 96% 10% 5 • 25 • 15% Jan 19 — —— Jan Jan 6% * Jan 80 ■ . Ltd Jan 13 % 3% 1J /V ****' • Seton Leather common Sep — conxmon'.i.— Pennroad Corp common For 158 63 375 __ ..15 : Light preferred Salt 76% 78% Jan 127 % Dec Telephone QP Dec Dec Mar 122 Jun Peninsular Penn 16 18 12% Savoy Schiff Dec Service Elec 290 Jan Jan 8% 3,400 Samson 30 Patchogue & 78% 11 1,800 ' Power & 3,200 61 Feb Jan Rig & ReelPlymouth Mills Gas 15 17% 23% Jun 100 Co Ppnn 75 15 Dec Aug Motors Penn May 59% Dec 113 Parkersburg $1.40 Dec 17 21% 1% 117% Pantepec Oil of Venezuela Pen 110% Jan 60% 2% 116 preferred Paramount 14% Jan 11% 23% 20% Jan Page-Hersey Tubes Parker Jan 93% 800 Raymond Concrete Pile common • $3 convertible preferred • Raytheon Manufacturing eommon„50o Red Bank Oil Co 1 Reed Roller Bit Co • Reliance Electric & Engineering.. 5 Republic Aviation.... 1 Rice Stix Dry Goods,. * Richfield Oil Corp. warrants Jan Jan common & 10% 750 16 17% Jun 100 Jan Feb Lighting $5 preferred— Public 18,:" 16% Sep 118 8,800 15 110% 109 xlll Jan 1% Rath Packing Co. common Jan preferred Power 14% 14 /a 109 18 Apr 114% 1% Investment A Railway & Utility % 115 Pacific Gas & Elec Pacific Nov - 450 5% Pacific Oct 9 40,100 Sherwin-Williams Pacific 7 % Mar 1% 4'/a 1 1st - 13 16% Sick's 5% %• .: Nov % Mar 1% 1% 108 Securities Co Nov Jan 15% 1,000 100 Natural Can 14 1,300 2,900 15% common 21,100 100 Omar lnc Pacific 55 10 1 10 Voting 14,700 1st pfd 7% Oliver United Filters Overseas lxs July Jan % & Light Securities Railway 1% preferred— preferred Oklahoma Jan 43 R 22% 103% 4 Public Service f>% Co July Jan IS 30 VA 1 1% 20% 27% common..—* B class Brass 34 26% 12,200 * common Salt Dome Oil Co ' .16% • Corp common Ohio July 108 Radlo-Kelth-Orpheum option warrant!. 14% July 13% 105 O Oeden Nov 7 xll% ft Mar 87 class A—.25 Power Corp 15 13% '" Jun Jan Sep Oct 105% 105% 7 Indiana Pub Serv 5% pfd..100 Norilieru Novadel-Agene 4% 5% % Dec 83% 13% 1 50 Co Jan Dec 5 13% 12 % Jun 15% May Nov May 65 3% % Utility Securities—; Northern Central Texas Oil 5 RR h 53 Ryan 81% American Penn Feb 2 150 32 Dec 5% 17 75 31 32 1 rb 53 13% % • . North 125% Oct 200 6% 100 6% . Northeast Airlines Jan 13 3,800 13% 6% Oct 3.400 Niagara North "3% 13 Dec 11% 2% 1% 'L- J —lou 14 * 1 -* pid 3V2 Sep 25% July 4% . 300 300 43 Dec preferredQuebec Power Co 85% preferred—1UU 4% Dec 13% * 3 10 Quaker Oats common 800 6.600 107% 108% 1 N Apr Dec 14 38 — Dec 11,300 4% -10 • $5 prior Dec 10 1% 5% —1Y Gas $5.10 pfd.100 v shares July 25% < preferred.^Y Shipbuilding Corp— Founders ' 12 18% 200 11% $6 N 16% Apr 10 Rosario.—.10 10 Light-7% Power it Jan 9% 13% y. fiction Co common City Omnibus warrants 12% Aug 12% July 10 22% * Y N July Dec Dec Jan 4% 500 — Process Co common N N 11 —* .21% 100 113 —* ' 10 • 21 '/a —25 —1 2% it Tel— New New 7,900 14 * . preferred New Jersey 11% 8% 10 —.-5 • Corp (Herman) England Tel Haven Clock New 11 24 England1 Power Associates • preferred.. . .—100 $2 17% n% # New Oct pfd Neptune Meter class A Nestle Le Mur Co class A : 11% — 10 12.50 & Mines common—1 Radio ,—30o * 1% preferred 100 National Transit 8 11 Vz 33% Jan 44% Mar 2.500 12 1 —r* * Rubber National Apr Nov Jan Jan 16% 8% Machinery Ltd National Sugar Refining National Tea 5%% preferred National 39% 35 15 Va 151/4 11% common Oct 35 50c — Oct 5% — —* National National National y 2% July 33% Feb 28 Dec 20% Jan Jan 1% 9,200 2% 25 preferred 7% 14% 200 20 2% 2% 28% 500 100 preferred.. Puget Sound Pulp & Timber.. Pyle-National Co common Pyrene Manufacturing ' 19% * 1 • — Bellas Hess 100 _100 1st preferred.... 7% Common N National 1,100 4 A Puget Sound Power & Light- Nachman 8*% May Sep 37% 1 # 1 1 * —* of America Producers Corp of Nevada. Oct 19 ■; Nov 4 * Co Metals Pressed 136% July 600 19 Aug 12 3}& 10 25c Gold Mining—, Prentice-Hall Dec 24% 13% 13% iO __ Pratt it Lambert Jun 200 18% , Apr 36 Jan 32% 4% Alexander.. Sep y; 6% July Jan Jan 7 7% Dec 2 Feb 127 10 133 13% 19 Jan 18 y- 133 * 5% 31 158% 7% 13% of Canada.. 20% Feb 1% Jan 2% 50 14,300 •: 11% 4% — & Power Corp 38 % Apr 28% 150 1% 6% — J* 2l/a 15% " 20 40 2% Jan 32 Va 4 3 * Mining Co Polaris Powdrell 182 125 30 / 13% common Pneumatic Scale common Nov ■ Jun Mar 50 7% 65% 18 % 118% Inc Plough Dec 165 f 110 11 30 7.50 Erie Metallurgical Plate Glass Sep 1.000 100 13% —..50 —-50 10 23 1 Pitts Eess & L E RR Sep 10% 10% 35 11% 4% 9 Postage Meter Dec 13% 10% 35 35 13% 11% 1 • com Nov 10% 3% 152 Dec 13 3% — Ltd Piper Aircraft Corp 1% Mar 152 3Va 68 NOV * common Mines 3% 58 152 High 2% Mar 53% • 1 Packing Co Phillips Dec July 9 Jan., Philadelphia Co common — Phila Electric Power 5% pfd... - Feb 3% preferred———————.100 6% Dec July 3% 1% May —y- —* • Mfg Co Murray Ohio 30 2% . 5c ' Producers.. 10 States Power common * States Tel & Tel——...100 Mountain 27% Apr 100 1,600 57 * —1 • 23 —. 2.400 131/4 10 % 3 Va investors partic pfd—.— Mountain City Copper common Mountain Circle Co.. 97% Moody Mountain Perfect Low 3% * Co..— Jan 66 1 Power Oct Jan 800 3%. 1145/a 1 : Dec 17% 23% •v 1.000 8% . 8%. 1% 2.50 Hosiery Co Inc. Corp— Monogram Pictures common Mojud Moiyouenuin Monroe 13% , 20 50 3% 3 ; ■ Range for Year 1911 58% 3% __ 100 Power Co Mfg Pilaris Tire & Rubber 725 3 %. ... pta 100 Public Service common..—-* Montana V ' '; 27 Water it Pepperell Oct 29 Vt Penn 2.50 Co 15% M.ssissippi River Power 6% Missouri Jan 8% 100 pfa Light 1% 9% 200 28%. . " 1 • * Cuppl* Refineries Mid-West 6,200 27 • * ." .r 2b%*. 50 3% Co—.—.2 <fe 11% . . Penn Traffic Dec 3 Va May Jan ' y common.. Abrasive Mid-West 1% 13% 11 15% Jan 8 700 . 6.800 3% 3%. 13 . Shares HUlh Low w High tow '•"r ■ 15% 15% __ dividend shares $2 non-cum Midvale ViQh Low Par for Week of Prices Range for Year 1944 ■ .y : Sales Range East Curb Exchange New York for Week Week's Friday STOCKS Range East. Exchange Curb York New Sales Week's Friday y . 5 EANGE FOR WEEK ENDING JAN. v SlOtlvS 25 25 25 31% 30% — — 45% July July 31 44 Sep 29% Apr 32% Dec 29% Jan 32% Dec 1 % 25 100 » Dec Nov 2 Jan 82 37 67 Mar July % Deo THE COMMERCIAL 132 EXCHANGE NEW YORK CURB Week's Sales Last Curb Exchange York New Range for Week of Prices Shares Sale Price Southern Pipe Southland Rovaltv Co (A G) & Bros Spalding ——— -1 18% 7 Apr Williams (R 21 % Dec Williams Oil-O-Matic Jan 28% Jan 4'A 18Va Dec Dec Power & Portland Wolverine Nov Woodley Petroleum Woolworth (F W) Ltd- Mar 114 108% Jan 8,500 % Jan % Aug 1,100 ft Apr ft July 50 111 12% 2% 2% 2% 300 3% 3% 114% 13 Va •1% Feb 3% 17% Jan 11% 53 Jan ;■ Jan 10% 11 Va 11 11 Stetson Inc (J B) •nrinnes iHugoi Sterling Stroock Machinery Sullivan Co Druer Rav Sun Corp Portland Cement— $3.30 "A" part- Superior "B" Class 3ft •. 3% Jan 6 Jan 4 Nov 25 24. 25%. 19%. 19% 250,;-* Interest Exchange Curb York Dec 26% Oct Jan 19% Dec 12% Dec 48% Dec Aug 15% Dec Apr 11 Va 13 100 15 15 * II 400 9% 10,600 2%s May s f s t 1 • Taggart Corp common Electric Co common debs 3%s deos f s & Lt deb Amer Pow Amer 6$ Paper 6s__ Writing Gas & Elec Co— deb 4%s deb 45 101 % 101% 3 109 109 3 J-J 109 1.400 22 • 100 Texon Oil & Land Co 2 Textron Inc 1 Thew Shovel Co common 9 Tilo Roofing Inc < 1 Tishman Realty & Construction——1 28 22 23% 6.400 12'/a Jan 10 114% Jan Exports Ltd— Tobacco .Security Trust Co Amer dep rets ord >regis 4,200 7% Apr 12% 29% 2.500 19% Feb 27 6% Jan Amer dep 7,% preferred ifonopah Mining of Nevada Oil Co Inc 1.900 11. 6.200 1 Nov 1%* 1% 100 1% 1% 500 - 4l/4 36 % 38% July Dec 1 1% ft": ,:8ftv K 18 Va 37% Jan 12% 8 " 4' 10 % July Jan 10% 300 12%.fft v 1 Corp.., Manufacturing Unexcelled 10c 10 • 100 1 • 10c Corp Realization Ulen Co Canada of Union Oas Union Stk Yds of Omaha Aircraft United Products United Chemicals common United Cigar-Whelan • 20 preferred $5 ... Stores Prior United preferred-— warrants oorp United Elastic United • * • • preferred 1st $6 United Milk Products preferred participating 3 2% 4.000 5% 4% 5% 7% ft 7% 7% 10% 12% ft' ; 300 ; 2 - 2% 95% 98 >>a 19% 18% 19% hM. 3/64 10 10 98 .United Shoe 11% Oct Jan 25% Aug 1% Feb 174.500 650 Jan 100 % Dec 17 Sep 19% Dec Dec ft Feb 6,500 10% 4.300 2 Va Mar 80 Va .-=• 6.100 32 19'A Feb Nov lOVa.Njov 8% .Nov.. ^ ft ft ^an 29,400 % Feb iff V 8,900 ft Jun 68% 70% 3.700 50 % Jun 69 Dec 33'A 69% Apr 40 Dec «Jan * Apr 93 ""90 6% II 6% "2% "2% v ft/ 100 Feb 4 Feb 6% Jun 269% 263 % 400 • 2% Feb 76% 77% 45% 45 46 1,000 9% 1 '8% 8% 9 18% Nov Dec Jan 77% July 42 180 10 9% Oct 69 Jun 45 Va Sep ft 4% Mar V S Foil Co U JS B_i class Graphite .... common ... _• w$5 1st preferred with warrants ft' S Radiator common.. ' United Stores common. — Feb 20% Dec 9 4,600 % Apr 1% Jun 78% Jan 104% Dec -ft 1% 1% 1,600 82 Va 83 Va 450 4% 3,700 2% Jan 1% Jan .4% L 4% . 2% 1,200 1 Va 1ft 1 Va 11,900 ft * 4'/a 4% 3,900 2% 5 Aug IH deb Conv \ 5s 5s B_ class. V... y.~t— /Universal Insurance * - Produces Go. 8 preferred Power & Light, $7 Utah Products Utility Equities common ' - Q ft'ft/ft v4 , ■■■■. : : .ft.... 22% Aug 18% Jan 26 Mar 26% 50 20% Jan 28% July 3% 3% 2,300 2% 67% 2.150 51% 8% 2.000 64 66 7% 7% 5 ... L-l 2 2 92- 1% - 600 92 25 37A Dec Jan 65 % Dec 1% Feb 74% 8% July Jan Jan 2 Va 88 Consolidated 3% Va 3% 400 210 55 56 11% 11% 11% 5,600 11% ll7/a 500 > 1% 27 Gen 60 Dec Dec Feb 12 8 Feb -.-'■i/S, • 5% 5% 5% 2,100 Wagner Bnkina voting trust ctfs ext..4 ,\7% preferred——. ioo Waitt & Bond claus A. ; • 10% 10% 10% 1,200 Knitting Went worth Mills,; Va Western 1 & " 110 23% 200' 1,23 4% 4% —,——9 11 % 10% footnotes Inc see 18 5 20 2,600 ... page -- 133. 7% 1 May Feb 6 16 Va 16 11% 16% 10,700 HVa July 14% Jan 25 Feb 4Vs Jan 25 'A Oct 4,400 7»A Apr 5% July 112% 150 179 105% 108 103 1109% 112% 102% 103 ft 66 102% 102% 105 105 'i9¬ 60 66% A-0 J-D Jf-N J-D J-J J-D 65% • ft 67% West Illinois /ft 3%s— {International Power Sec— ( i 5s Pov/er 6s_ Debenture Superpowei Altallan to at 4% Extended & .... Gas Light 4%s P & L 4%s ref 5s— New 4%s 1963 1967 —1978 1955 ——2022 series, A Amsterdam New Eng Gas Si Gas 1948 —1947 5s El Assn 5s 5s — Conv New New deb ■.—^ 3V»s England Power Assn 5a; England Debenture Oct 5s Power 5%s Elec & ... i 1948 71950 —1961 —1948 10% Dec N Y state Apr 17% Dec N Y Si Westchester 98% 105 % ft 104'A 104 104 % Ltg 4s_.__ 2004 102% 104 119 125 99 93 Va 103% 61 101% 123 106% 124 Va 103 107 __ 104% 104 3/4 "2 103 Va 104. 104 34 103% 104% F-A 105 Va 105 Va 3-D A-O $105 $ 105 *105 102% F-A 102% *107 Va 108% M-N 29% F-A 109 33 42 25 5 ft2l% 2 "v..-' 30 31% to 0 103% 106% 2 30 30 3-D 102 Va 93 ■/•ft.... . 106% 93 Va 17 ft- 106 103% ;ftft: 22 103 105 102 — 102 Va 1C2% 103 75 102 106 /ftftlftft J-J 102 % 64% 106 M-S 108 Vn 102 % 106 A-O 108% 103'% 67% 67 67% J-J 105 103 103 198 104% 101 104% 104% 1104 Va 105 % J-D 104 101% 103 Va 103% J-J 104 Cfti 63 1- 97% 101 1101% 104% ■ 105 Va 56 54 102% 105% 1124% 104 1 123 104% 102 Va 25 42 23 ••/34% wr— ft'ft.i 5 25 2 22% 66 88% 36 42 31 33 32% 31 32% 97% 97 97% 71 73 29 60 77% 35 % 37 % 6 28% 40 106% 106 Va 108% *119'/a 121 W-1 M-S J-J *111V* 112 Va J-J J-J 71% J-J J-J ;. M-8 106% •ft/ /ft.^'/ *103 J-D J-J A-0 ~6 102% 102 Va __ 1 67 M-a J-D - J-D 106% • 109 106% 107% 122 Va 112% 107 109% 105 108% 99% 104% 106 % 107 J-D $115 M-S -fih>1 101% uoo F-A 103% "TOTgr^V..:.;, 6 -'T15j% W, 61% 69 % 105% 108% 102% 106 104% 108 10O "*"vift26 106 "107%"-"*" " 2 104% 104%"* 6 "67 64 99 106 . 99% J-J - 37% 109 $ 106 % 108% A-O , 120 107% :s 106 106 FA 101% 106% 111 114% 120 110% 113 _ llOVa 110'/a /'ft J-J M-S 91 3-D 91 Va M-N 91 A-O .102% 104 M-N J-J 87% 87 "87% ft' 92»/a:/ ft " 6 64 92% 42 92% 124 $107% 108% M-N 1954 Gas 3%s_.19«4 Jan 3 J-D 1949 1981. Suffolk Ltg 5s Power 105% 104% A-O 1948 1945 Minnesota 1st 97% 102% M-d ...1966 3%s stamped— Petrol fl'/as Corp 6s Milwaukee 106 16 123 M-S & Electric Superior Dlst Pow 98 % F-A 6s_.—.1—21.2022 Kansas Power & Light 3%s—.——1969 Kentucky Utilities 4s — 1970 Lake 54 F-A Jersey Cent Pow & Lt 3%s—-——.1965 Kansas Electric Power 3%s —1966 Kansas Gas 99% 105% 105 Va 105% coupon) 1941 (July 105 ~1 M-S .."3952 1952 1957 ————1952 6s—— 1963" F series A7s 104% 104 Va 104% 104% A-O A6V2S A7s ft 79 101% 1 108% (Dec 1 1941 coup)—.1955 A7? series E ......1957 A7s (Aug 1941 coupon)——1957 /ftft 62 45 111 —1955 C series A6V2S L. P-& Indianapolis 69 . 64 .63% 105 Va : 5s-i ref 5s— & 37 108 1957 —1950 1963 19?0 ref 5%s series B Service 36% 1108% 109 % 103% 103% Jan 1949 Co—• Power - 1st & Indiana 105% 516 1107% 109 Jan 1949 B— series 5 372 ;ft ft J-D 1958 6s Hygrade Food 6s ser A 6s 103% 107 J-D 1953 Prod 6s__ & Guantanamo 99% J-J General Rayon Co Grocery Store 103% 10 104% 105% 104% A-O 6s ser A——1948 Georgia Power & Light 5s —1978 Grand Trunk West 4s 1950 Great Nor Power 5s stpd 1950 Green Mountain Pow 3% —1963 A 101 % 102% 102% J-J 5s__ Serv 67 34 1104% 105 Va 105 105 ,ft M-3 A-O 59% 68% 102% A-0 F-A 12 112% 113% J-D Dec Jan 120% 175 —1953 Pub General Dec 5Va 115% 119 1160 112% Dec Dec 3% 112% 1119% 122 Q-F .,.1969/ A 3%s Power Gatineau 6s 108 15 109 M-N J-D 1956 2030 Elmira Water Lt & RR bs——.1956 Federal Water Service 5VaS_—.—.1954" • ... 29% 106 1107% 108% M-S Power-& Light 5s__; Nassau & 94% Mar 108 preferred Coke Air Lines For ' Coal 18 ...—fl Manufacturing West Texas Utility $8 West 23 20 > Class B Wavne 3 jrut" 100% M-S 1958 Nebraska <50 if"- lVa 108 23 Va 101 & Fuel 4s ser A Eastern Gas 15% July > Co... 85% ;—1954 4%s mtge Electric 3% July Feb Jan 8 Va W Aircraft ser Q~ Continental Gas & El 5s Dec iiur'i Waco 29 99% 100V4 41 Midland Valley RR— 55 • 22% (Bait City)— Gas Middle States a - July V 3 53 1976 P Nov Jan 4 . 5% Jan 31% Va 1971 1969 .... ser ref mtge 12%s 1st McCord ft.. l' preferred Petroleum..' Manufacturing Vogt Feb 9,800 "5% ft :• convertiole VenezutJan 7,800 22% 26% ,1 ,:' ty,alspar Corp common $4 6,: 20% ft 10c : La. •: ': _• 1 ,,'^$5.50 priority stock. VU'h ft 5% 20 .6 22% • ; .Utah-Idaho Sugar—, .Utah'.Radio 1 Jan N mtge 3s ref 1st Nov 13% July 100 10 s— .Universal Pictures copimon.... universal 7 16 Feb 12V4 12% _• Cooler class A Universal 12 10 30% 29 29 (Bait)— El Lt & Pr series 3As Interstate Universal Consolidated Oil—... ... 5s Debenture Sefl " 5s Debenture Dec 5 % Jan 1% Nov 2% v Apr 4% 2 'A * 50c __2 .United Wallpaper, Inc Dec 1% il .TtCBf Rubber Reclaiming 8% 83% - /.f%S "and International Securities 20% 18% 5%' Jan 7,500 29% 22% 29 —..1955 Jan 1966 —:—1950 1 1958 1969 B— 1st lien 8% 29 Va 23 29 31% M-S Service Cities Dec 10 % 600 77% 1" 23 239 31V4 M-S series 6s . Dec 12 6% Mar 25 common i Dec Jun 23 Machinery United Specialties common..— / 71 7% 14 Va 10 -..^Preferred Dec iff 100 25c "}■'[ *0%, preferred Feb 8 19,900 16 6 V2 Sharing Profit V-1 7% May 302 31% 30% .1927 —1952 Rj's 5s ctfs Cincinnati St Ry 5%s A 3 Va July 4 Va Aug V 5% Feb United Molasses Co Ltd— United NJ RR & Canal Jan . 29%; 31 F-A 5s——1948 SAChicago Nov 100 - 24 24 ~2% ftft^mer' dep rets ord regis "United 7% 66 12% • A United Light & Power common Common class B ft. • 10 Corp'-_rrT common—I Corii Gas 2% Jan 2 Va 100 95 23 A-O ..................a.......1954 .7. a5%s 13% July 2% 2.000 3%s §ACentral States Electric > "6% 79% 30 239 1953 1964 5s Power El & Gas Central 111 Consol Gas 6% 2%s— Northern Canada 9% July Jan 1.300 • Dec 1 % Mar (ft Mar -1 Jan lVa Aug 4% July May 9% Mar 7% I '115 Dec U Jan 3 6,000 ,/ <ft : ftft 5.200 4 Va 38 1% July 80 6%s Edison f;V*. Dec 110 2.200 109 30 % 30% F- A 1957 1960 .—1998 —.i—1962 1970 C Bickford's Inc Feb 112% 1 Va 4 3f-8 94% J- J i—i series B 5s Bethlehem Steel 6s u Udylite M series 5s Jun :13% Jan 58 340 , 109% 128 29 "V of Canada— Dec 106 ft July 75 102 123% 92 93% J-J —1964 Eiec 3'As Telephone 1st Dec 4% Feb 9% 100 12% 73% 74% * 1 • Tung-Sol Lamp Works.: f 80c convertible preferred Bell Boston 1% _ Oct ,62 Feb 106% 99 107% Dec 11 • 5%s Atlantic City ft i 1977 1955 5s deb 5%s A Assoc T & T 110 ft 101% 1968 5s deb AConv 11V4 July Jan 3% warrants Tvi-Continental Trunz . Corp Lux Trans Trans western 10 9% 57 • • 100 100 1 1 10 ; preferred 6% 9% 9% 10 12% def reg recs Edison Toledo 6%- ft. Todd Shipyards Corp Oct A 500 14% 26 6 V2 -* - Nov .7 6% 12% 2S% • Stocks Product Tobacco 119% Mar 6 ADebenture 24% July !> 14% — Tobacco & Allied 118 118 Dec 108% * 106% .'.ft'i ft 127 1124 A-O / 106 ft ft- 1948 1949 1950 4%s—.—! AConv deb , '••'"' 3-D .1953 4%s Elec Associated 1109% 111 105% 106% 106% 105 102 Va $103 1107 J-J ft High Low No. M-S 2024 Year 1944 ft Sold Miah 104 ft 108 Range for Bonds Friday's or Bid & Asked J-J 197C Elec Pow 3V4? Appalachian Pow deb 6s Appalachian Sep 28 Feb 23% 27% pfd Light 7% Power & Texas 6'A Jan 5 400 27% Technicolor Inc common 4% July J-J -1950 —.—1960 1970 2016 1961 debs 3 VaS AConv Tampa Dec 11'A Week's Range Last Sale Price low AConv 5% Jun 2Va lAssociated 5% 6 7% 3ft Electric Co.— American Gas Si '•V; 3 V4 AUg 14% July May 44 * common Feb Aug 17 1,100 ft 18% Feb % 11% .'TOO A' 3,250 13% 12 Apr 14'A May Jan 11% 213 Jun 1% 8% "l% ~1% 13% Jan 111 Apr 7 Nov 100 Va 4 • 12% Jan 3,000 5 3%' Oct 6V8 900 Friday BONDS Aug 9 1,100 * Pinch Oil Corp Swan '5% 3% • I * •f 1 Co common & Co common (S) 5% 7'A Nov 12V4 Nov 4% 3% Jan • Ltd 14'A July Jan Feb 100 6 Dec 110 Nov 15% New 1 1 1 Products Sterling Brewers Inc — 6 Dec 21 3 .. — 11 receipts deposit American Wright Hargreaves I 12% Feb 10 300 6Va 6 Va Jan 8% 100 14 14 — — Period Sterling Aluminum 200 1,800 Dec Jan 12 12% 8% 8 12 21 Dec 5. 13 % 11% 20'% Aug Nov ' 12% Jan Dec 60% 43% 100' 10% 16 Dec 3Vs Apr 53% Mar 10% 28 V4 May July 3,400 10% Jan ftft, ft ■ Dec 23 ■ft 2,600 — Nov 29 ft July Va May 50 20 ■ 140 Dec Jan 7% 3,700 3% Jan "54 900 ft 50 28V* 5« Cement Dec 19% % 27% Jan 18% Mar 84 'V' ' iift pfd—100 10 1 Light .7% 21% 12% ' 20 — * common B Wisconsin Jan ft 111 Inc Products Wiilson Heating Feb 100 28'A ' • • 1 Co 17% % 110 1 & C) 16 lif f. ' 29 12 10 2 1,200 . vr— 29 1944 High Low Nov 1% Jan ' —.' — Range for Year High Low vv\7 1 Weyenberg Shoe Mfg— Wichita River Oil Corp ft Feb ft 11.0 12% »--ft ——1 • preferred. 2d Dec % Products Co 1 Standard Silver Lead 1 Standard Tube class B 1 Starrett (The) Corp voting trust ctfs..1 Steel Co of Canada— — • 5% Dec 6 % 110 Preferred & Co common 56 Maryland Ry 7% 1st pfd—100 Western Tablet & Stationery com • Westmoreland Coal., 20 Westmoreland Inc —10 300 21 18 Va Shares vPar 50 21- 18% Standard (A) Dec 14 Jan 6 400 3% 3% .1 convertible preferred.—_—20 Oil (Ky) -10 Standard Oil (Ohio)—5% pfd 100 Standard Power & Light 1 Common class B $1.60 Sterchl Bros Stores 6% 1st preferred Dec 9% Aug ft 9% Mar 6,700 28% for Week Western Winnipeg Elec Standard Stein 27% Oct 3% May 2% Jan 700 1 20% 131 12 Va Jan 40 100 5 15 27% 10 Standard Dredging Corp common 2,400 19 19% :: 100 5% ~1 2-7B preferred Convertible 14% 52% 5 '/a 5 --- Standard Brewing Co Standard Cap & Seal common— 800 14% ~5% „ Jun 8% 11:./A 7.;;. tiign July 5% 300 52% 14'A o Siioe Corp— Stahl-Meyer Inc 300 9% 9% 9% 1st pfd——• Ojjciiocx Low 10% 10 10% 10 Line Southern Range for Year 1944 121 New England Telephone—100 Phosphate Co -10 Southern Sales Range of Prices Friday Curb Exchange York New Hia*■ LOW P*T Week's Last Sale Price STOCKS Friday STOCKS JAN. 5 FOR WEEK ENDING RANGE Monday, January 8, 1945 & FINANCIAL CHRONICLE /■/■-—' 102% 27 26 102 103% 104% J108% 109% 1101% 102 Va .ft ' 72% 72% 72% 107 88% 88% 88% 110 95% 103 97% 104 108 Va 111 101% 107% \ EXCHANGE NEW YORK CURB Curb Last Interest Exchange Low No. High Low Ofden Gas 1st 1st mtge 1945 1968 A-0 1971 mtge 92% Vi A-O i 3148 3s.; 1st J-J Af-N 5s Power Ohio 92 1948 (8% redeemed) «... 1962 1948 .1955 106% P-a Public Pacific Service & Power 4s Transit bs A 5s 104% 107% 109% 106 108% — F- A Jkf-S 108 $106% 107% Western 107 Vi 6s Co 5s Power 102'4 92% 1959 3-D 108% 108'4 106% 2030 J-D a-o 1960 j-d 1959 F-a j-d j-d 5s 5s 103 103 11 102 106% 153 153 14 137% $106 a-o 105% 105% 1979 J-D $107 '4 109 1952 M-a $126 1951 1951 1967 1970 :-u 102 102 4 Jersey— New A series Water 4 Vis Harbor Joaquin Lt San 6s 3 & Pwr Estate -6s Real ASchulte Scullln Steel lnc mtge 3s— Shawlnigan Water & Pwr 4 Vis 1st 4Vis series D 108 104 90 113 Union— 1937 1947 stpd 5s 99 Vi Gas Counties a-o 104 a-o 88% . 59 103 % $05% 22 103 105'% 103 Vi 96 103 Vi 103% 86% ; 96 : M-S f-a Af-s 6s 107 Agricultural Mortgage Bank (Col)-— .* A 20-year 7s .April 1948 f A 20-year 7s — __Jan 1947 Bogota (see Mortgage Bank of) ACauca Valley 7s —1948 109 A 105% 103% 92% -■72% 55 92 Vi Extended ALima AMedellln 101% 14 lOOVi 26 101. 100 83 Vi 86% 99*% 97% 96% 97% 45 f-a 97%'- 96% 97% 48 86%. 99% j-d .97% 96% 97% 51 86% 98% ARio f-a 97% 96% 97% 2T 86% 987a -ARussian f • J-J Mortgage Bank of — : of Certificates 40 86%- 70 21 '. 3374 ,$27 7145 19 \ a series 1968 J N 4s— J-J J-D $118 106 —7'' •v" $1107 — 105 4 80 80 62 $72 80 60 85 38 18% 21 '"$15% —■ 85 •' $16% 18% 16%. 22 .$38% 41%. 34 Va 46'- ' 4- m-n j-d 36 $34 Af-N a-o j-d $41 18 -- 34%' > 33 Vi 41 % 36 v 41 Vi $41 —1958 1 — • ' % 1959 67a®—;—1919 —.1921 — $16 22 16 % 17% j-d $70 79 58 79% m-b $39% j-J : j-d j-j - . 4134 34 43% 5%" 5% 57 37a ■•.to 5% •;;v. 5% 5% 5% 2 38%. 38% >f ,.'i — , 33 35 37a ■"8% 8% •T/ n r a Ex-dividend. x §Reported in receivership. <! V _ ^ - * u . t ■ .«'*T ' ' _ certificates of deposit; "cons," consolidated; "cum," cumula¬ "n-v," non-voting stock; "vtc," voting trust certificates; i," when Issued; "w w," with warrants; "x w," without warrants. 1057a — rt * -» 1 • Abbreviations used above—"cod," > . sales being transacted during current week. "1087a 119 i - . • - 111 7 tive; "Conv," convertible-; "M,"-mortgager 110 2"" 7 11074 See Long Island and preferred, pending court hearing. News'' column, 777': Deferred delivery sale, d Ex-interest, e Odd-lot sale, n Under-the-rule sale, common $Frlday's bid and asked prices; no A Bonds be-lng traded flat. 106% 1177a 119 106 —7r •• 104 Vi 22. 7: 1057a 106 J-J 1949 ;;7.: par value, sale, Cash 41% 2074 . 104% 105% — M-N 2022 3%s Electric United 1956 . Edison Toledo 1960 5s St Light 5s Texas Powex 6s Service Electric Texas M J-J l6Vi [ 30% — . m-s V 1972 (ITrading suspended in new ' 7 Government — •No 35 $27 : — 28% Lighting item in our "Investment r A-O 61% 28% L . j-j —1947 1947 1931 Denmark 5s (State) Us de Janeiro 6%s_. .A5%s deposit% 54 29%+^c6% Industries— ...—1946 62 65 il3!i AParana v —.1949 A r 97% 66% 97 69 High 51% 98% 96% f-a a-o Low 99 Vi a-o 1957 .—1950 Year 1944 $61 •' — > AMortgage Bank *of Chile 6s 97% 96% Corp— Btinnes, (Hugo) i (issue of Oct. 1927) A7s r 1951 6s Range for Sold No. High 63 28% f-a 1951 Mortgage Bank of Bogota— A7s (issue of May 1927) 104% Dec 1 1968 St Light stamped: 7s 106'% 108% 105% 97% Bonds Bid & Asked <■...> —1958 106% 101 ' m-n ! 7s 105 87 Corp lnc 5s_ (Hugo) 100% $61 j-d 1952 6%s &tamped_1958 $106 105%- a-o - — — (Peru) City AMaranho —1957 6s 5s_ Danzig. Port &: Waterways— AExternal 6V4s stamped m-n .—z Power AStarreit Btinnes 100 '% 96% Friday's or . Sale Price A-O j-j -1955 1953 5%s Danish 106% m -. Standard 101'4 96% Week's Range Friday V Last Interest Curb Exchanga York New ■ 1989 debentures gold 104 4 91% ■ ■ —May 1948 --May 1948 6s Debenture 92 f-a 1970 2022 (stamped) — Conv 6s stamped—1. : 19 $103% 105% j- j ^.1951 8s— 6s : 106% 106'% 106 Vi 106 Vi A-O Spalding (A G) deb 5s j Standard Gas & Electric—: v-Debenture 85 10 105% 104 105 (Calif)— Rys :4s—. & L 104% 1 106 Vi 106% 104% Southwestern Ga®& Elec 3'%s P 4 104 Vi 104% 105 j-j r, * 2 . j-j 1971 mtge 3s Southern Indiana 1st Southwestern 1 99:% $99% 100 Low 96 .96 1970 3s 3 Vis Gas California Southern v 101 101 — Period .103% 104 a-o 1965 5s Edison Power California Southern 1097a 119 *■ 128 73% • ;. '/cr<iv Southern 105% 114'4 2 Foreign Governments & Municipalities 105% 98'4 126% $86% 1947 1957 Wyoming Coal 6s Carolina South 108 109 110'/a 102% • Sheridan Vi 109 Vi $ 1177b 121 BONDS Safe 58 24% 105 108 34 107 109 109% 154 _ certificates perpetual 5 Vis 179 65 58 60 j-d 1964 5s 109 J-D M-N B M-a 1964 1949 4Vis Queens Borough Gas Si Electric— ■■■-. 115%. 111% 116 VV of Colorado— of Service 6% 107% 104 100% j.j 1st mtge 3 Vis Sinking fund deb 4s Public 103% $102 1950 1952 (Can) Corp Public Service Co ^ [027b Co— extended.* stamped 109%; 112-% 17 116 116 116 m-s 1951 debentures f s Rys High 102 112% 112% A • Af-N/ 1954 Newspaper conv lAYorx Low . 37aS— Traction Penn AStamped Portland Gas & Coke - ——2024 Elec 4s Electric Penn West 117 106 109% 110 109% West 108% 106% 108% 108% J-J Water Power Year 1944 105% 106'4 ~ , debs income Ry & Wash 105% 11 106% 107% •/,. A series 6s Wash 61 $108% 1962 5 Vis Power P-a (Delaware) Waldorf-Astoria Hotel— 105% 40 ,64 $106% 107 1970 Elec Rapid 104% ■ Af-N 106 = a-o Debenture Range for Sold NO. $104% 105 a-o 5Vis cons Utah Power & Light Co-- J-D 1972 3'As Philadelphia 109% 103 % $60 M-N Pennsylvania Water & Power 3'%s_1964 Philadelphia 107% 101% J-J 1979 5s 1st 110 105'/e 105% 104% 105 105 1977 1st mtge 3s Penn Central Lt & Pwr 4Vis 107% 14 105 Vi 106 Vi . 6s 22 $101 Vi 103 1964 Park Lexington 109% 1107.14108 F-A Light. 5s__. 109 1959 5%s_1952 Light & Railways (Maine)— series A 1952 & Bonds High Co— Power United 104% ' & Lt & Rys United 101 101% 109% Light lien 1st 95% 82 93 tlOl F-A Oklahoma Power & Water 5s Ohio Range Friday's or Bid & Asked High United 5'%s series A Friday Last Sale Price Low Continental Utility Corp— North Exchanga Curb .Year 1944 Sold Bid & Asked Sale Price Period Week's Interest Period York New Range for Bonds Friday's or ' BONDS Week's Range Friday BONDS York New WEEK ENDING JAN. 5 FOR RANGE 133 8c FINANCIAL CHRONICLE THE COMMERCIAL Number 4349. 161 Volume 1117b "w OTHER STOCK EXCHANGES : 5 RANGE FOR WEEK ENDING JAN. n-c Friday Baltimore Stock 7". j'v.;:''■ v.'.'•/ 7's '1-it •• STOCKS Week's,. Range v. Friday -• . Last , Sale Price •[/ Corporation Arundel :-i6"''vy- • Bait Transit Co common vtc , 3.25 3.25 2174 . Range for Year 1944 21% 3.45 560 22 580 1474 High . 1.00 May Jan 18 Apr 3.80 . Eastern v preferred 4% r/o & Deposit Co Realty Co 6% Houston Oil of Texas 6% 5% a . 7-/ 50 7 Fidelity & Guar_— 3874 Westerti National Bank . . Bonds— ' :r'M: '•♦' ; •> A series ,.5s " 117'% 20 136 30 90 7 Aug. 33 27 Feb 766 90 27 20.* 35. 14 14 38% 39 -7 365 38% 3874 7',',38 Engineers •General i Dec General .13'%: Sep 41 .Tan Gillette 90 Apr 27'% rJun 71% 73 Vi $13,000 82 81 82'% 17,600 66%. 66'% 1,000 Jan 39 51 Jan 70 Isle Stores—; Service—•—_— Dec 66'% Juiy (Del) : 5% common. preferred •— Mass Util Associates National STOCKS— Week's Range Sale Price Par American Sugar Refining—.!— American Tel American Woolen Anaconda Copper & 100 ._ 164V4 ■> ■ & —100 Albany RR Boston Edison Boston Elevated Boston Herald Boston & r- 117 $—100 ' Range for Year 1944 High Lou> 75 2,297 29 155% 5574 Feb 167 Jan1 RR— 7% Dec class A 1st Stamped _ class B 1st pfd _' stamped— 7% class C 1st pfd stamped— -U-100 10% 4 pfd stamped- 96% Jan 116'% Dec 3,347 32% Jan 37% Dec Torrington 410 65'/4 Sep 74'% 37'% 70 25'% Jan 26'% Dec Boston Personal Boston & Calumet Cities Hecla Service Copper Range For _ _ ______ _ _ Co footnotes see page 139. Jan 65% Dec United Fruit Jan 9'% Dec United Shoe Mach 550 4 Jan 10% Dec 1274 400 5 Jan 12 Dec U S Rubber 12 317 5 Jan 11 Dec Waldorf Dec Warren : Jan 6 Feb 12 Apr 14% 28% Jan 42% Feb May 7-3/a Dec 17'% Mar 50 ' 266 6 7% " _10 13% 48 -9% 153/4 5 55 9 13% 8 3% 575 15% 40 48 5 * Drug lnc 11% 100 8% / .16% Jan Jan 10. 36'% j 44% 36'% Feb 31.18 . 200. 73% 1% 1% 200 1 Jan 38% 77 804 29% Jun 2% Feb 6.1/4 6% 100 7'/8 4,576 44'% ;/ 17b 1,280 200 l'/a 66% •"* 20 3'% 60c 27c -• 117a . , 7 8'% 840 16% 16% 15 1234 8% 9% 300 5% Oct Jan 774 Mar . 8% 6% Co 4 common— preferred — — System lnc (S D) Co Westinghouse Elec & Mfg— Nov : 12 > Dec 17'% July 33c May Dec ;;7;..• 42 ' 49 ' : 1093/b 112'% 33c 35c 40C 30c v 50c 42% 427b 33% f 35 -- ■ 35 2 : Feb 41'% Aug 1033% Apr 114 % Nov 5,385 30c Jan 1,020 10c 326 243/4 170 ■ 46c Mar I'Vi'iT 174 . 12% 2^7 Feb Jan. 45c 80 257b Jan 42% Dec 2,047 2578 Jan 33% Dec 86c Feb 875 1274 25 .~ 974 -■ 27a' Jun 1274 Jan Dec 1% July 7a Mar 1% 421 12% Jan 15% Dec 11% 11% 650 774 Apr 12% Dec 57b 425 2% Jan 4% Apr 37 377a 675 30 377s 400 15% 47a 117a 1% 157» 30 32 38 May W Nov • - 31 ;Dec 15 23% Apr 17V4 17 7b 100 12 72 Feb 17% July 937b 8934 937s 394 757a Jan 91% 77 777b 725 6974 Jan 78 77 45% 45% 125 42 Jan 457a 517a 53 y8 53%-Jun 10 * * 14% 50 Dec 1'% Mat 66'% Feb 5c 44% Jan 355 300 1,355 9 ' Dec 8 Jan 16'% Jun 6% Dec Jan 28C 8'% 15% Dec Deb 373'b Dec Jan 47'% ; Jan 23'% . •. Dec 16% 2'% Jan ~ %"•' Oct 40Va 33'% May 1,043 : 16% 41.'% Dep ' 40 . 66% 5 -5 * 25 25 Drill Twist 10% . RR 26 * — Union ii% » Trust Prop Providence & 'Dec 17'%';Pec 35% 6% 67s 44(4 preferred Co United 90 400 8% 41 Jan 36% Mar 19 265 157a —50 25 Oct 11% 71c RR Rutland 845 ... — 18% 150 Apr 9% 15% 100 1st —— Jan 171/4 12 100 D RR Pennsylvania 63'% 100 class E 1st pfd stamped- class '%%> - Feb 14'% 33 15% -- * * 100 Shawmut Assn * Stone & Webster lnc: : * Suburban Elec Securities common—*. Feb y 61 «-—• 100 ; •Quincy Mining CO—.— Reece Button Hole Mach 12 - 100 8% Mills Pacific 117a 100 Dec 35 :100 260 ; —2.50 Old Colony RR— 9% 61 ,.—100 preferred-—i.— 14 16% 3674 49 112%: Dec 24% t. ... prior preferred 5% 21% Mar Jan 43% 39 : 157a * 100 Dec 7% 1,327 69 '/a Dec ■ Maine — 1574 9% 94 30% 37% 43% — ' 5 1 29 74 9% 29 25 69% ♦ Corp_!_ Shares High 115% 117 377a •—, Ry Traveler England Tel & Tel North Butte Mining— Sales 55% 9'/s ': : Cos.: . Jan 9'% .. .* —1 New 17 7 * Bird & Son Inc_.._ Boston : _ Service 16% Dec Jan' 13 • 500 40 Dec 111'% 92 1,555 14 Dec 50% Jan 42% 1 England Gas & Elec Assn— 5%% preferred — — 95.; 17 84 for Week 163% 164'% 53% —L— Tel of Prices Low : 7 •32'% 500 New Boston Stock Exchange Jan 16.Va 100 4— vtc Nash-Kelvinator Last 13 16.'% 5 —100 common RR 100 40 * Copper Central Mergehthaler Linotype Narragansett Rao'g Assn lnc Friday 14 ,} * 15 Royale Copper Maine 49 16% -* * 1 * Electric Safety Razor Co Lamson Corp Dec :-80 Jan- 66%. July .* common— Stores—.-———-—---* ". Capital CorpJ . 1 Kennecott 59'% lnc 125 103'% 107'% Nov 33% '7777 7 73 Public Juri 1% 5674 Jan 84 49 103'% — ' 100 100 National July Jan 24- 35 Grocery Economy Sep High1-' , 90c 83% 83%. 49 Nov 81 9% Mar Lines Low ° 200 1% " ; preferred conv Dec 9Q'% 31 * : 1951 $2 First 27 SS Eastern Mar 160 July 93 Aug -11% 77»- Oct 2874 1975 — 4s___——vJ—,—;r- Maryland 81 Pa Jan. 115 160 1975 Baltimore Transit Co 4s . .'??> 14 ..10 30. .... 2874 89 90 .2 Commercial, common Seaboard v .100 Casualty 77» 2274- Dec Apr 93 93 pfd vtc. ..25 7% 160 160 pfd stmp. .100 Vernon-Woodbury Mills pfd— Mt New Amsterdam rr 7 20 Guilford Fidelity 5 116% 116% B—_ Assoc com vtc_>,, Eastern Sugars 7 10 Ry—• 1st pfd series A preferred adjustment-'— 6% Dec • t c v Street Mass 1% 100 100 — preferred 6'Jo ■ —... Range for Year 1941 Shares High Low Associates— Fuel & prior preferred 4%7e " Preferred - Gas Eastern LOW 1,100 - Eftlst "Boston Co— for Week 16% 16 Last for Week Sale Price High Low * Sales Range of Prices Par Sales Shares of Prices Por stocks— Exchange Week's 377a 245 407a Feb 137b 14 Va 215 1078 Jan 37% 37 7a 220 207a Jan 123% 125 289 91% Dec July Dec 14 7a-Dec 38 Nov 119%: Dec Feb Sep Dec Bonds— American Tel & Tel conv 3s— ,...1956 Boston & Maine RR— lnc mtge 4 % % series A 1970 1237a 123% $10,100 121% Sep 72% 1.000 5274 Jan 72% . 1247a Dec 66% Dec THE COMMERCIAL & 134 Monday, January 8, 1945 FINANCIAL CHRONICLE OTHER STOCK EXCHANGES RANGE FOR WEEK ENDING JAN. 5 Friday Week's Last of Prices Sale Price STOCKS— Low Par Acme Steel Co Tel & Armour common Co Asbestos Mfg Co common:— capital Athey Truss Wheel Aviation Corp (Delaware)—> Mfg Co Beftffont Radio Belden common (E L) common— Brothers Butler Castle' & Co Common preferred—— Apr 1% 1% 200 % 1% % 100 129 131 82% 40 131 83% Jun 103% 1% Jan 111 58% 129 % Jan 83 Jun Adv Jun 22% Jan 16% 7% 53% 54% 700 44% Jun 55 (H W) 200 33% Dec 39 25 28% 2,350 58% 300 60 (Geo) Jan 63 % Aug 98 Jun 12% Nov Jan 23 16% 17. 19 19 15 16% 18% 4% 4% Feb 60 Jan 10 18% Jan 19 Feb 93% Jan 30% 15% 21% Jan 18% Feb 27 32% : : 100 v 50 200 32% Dec Jan 33% Jun 44% • Jan 28 500 32 Sep 49% % 13% 150 11% 100 iii 12 Jan 36% 37 33% 79% 80% 77 34 35'A 850 23% 59% 62% 1,500 50% 50 ■ 17% Nov Jun 37% Dec Apr 82% Jan Jan 35% Dec 63'A July 4% : 7% 7% 450 3% 32% 32% 100 26% Apr 45 15 15 * 0 31 Dec 48% July 100 45- 0 8% July . 42 »A Jan 90 11% Apr 15% ; - ■ Dec 6% 950 :2Tb' Jan 6 Tb 900 8% Jan 12% Oct 10 Dec Oct, < 11% 11% 11% 10 <9% 10% 700 4%. Jan 7% 2 capital 7% 100 5% Feb 9 Feb 5 Jit i'J, 8% July # St San com 900 11% 30% 50 12 29 • Mining 30% • I 69 V* 69% :e% 69% 6% 1,700 29 % Dec Jan 83 Dec 56% 250 Jan 56% :■ • 12% Aug 24% 4,850 100 com common — Iron Corp Jan 66% July 5 10 200 26 24 24% 29% 1 Incorporated —. 16% Dec Pure Oil Co Jan 18% Dec Radio Corp of America 15 Oct Standard Brands '-/17 10% July 16% Jan 13 550 Jan 14 V* 775 29% Jan Apr 17% July 15 Tb Jan 23% 23'A Feb 30 150 18% Jan 58 10% Apr Rubber Co 20% common— 15 1,350 8% 2,100 Dec Dec Jan 51% July Sep 37% 200 10% 19% Dec 11% 18 Mar 12 July Apr 350 ■/ 32% July Sep. Apr 58% July 14 100 19% 21% July Dec 40% 57 V* 18% Apr 51 2,950 56% 18% 16 28% . Feb 53% July 20% July 36% Dec 100 S 1,0% 25% 1,000 . 17% 16% 10% 20% ♦ 25 —1 10 common— N J Standard Oil of 6% Mar - common .17% • (The) common • Republic Steel Corp common Dec 40 1,850 30% 48% 48Tb 48% i——* —• Nov Apr Jan 4,450 16'A 23 » 7% 35 800 15% 15% ♦ capital Feb 4% Nov 9% 26 1 . 4% Jun . 500 40 25'A • ; common Co common 14'A 10% Jan 5% 39 % • Co 15% 1,700 7% 32% 100 common Corp (Glen L) Pullman .900 23 200 Apr Jatt 61% —,_j•, 50 2,550 80% Jan 13% Mar Sep 17 13% l common Corp York Central RR New Dec 36% 1'55% 1-55% 8 U Aug common -- Dec * 12 13% —1 * 10 * 7 14 "i 200 34 " 1,550 12% Jap 10% Jan 14 Aug 32 ■ Dec 64% 7'A 41% 100 63% 64% 1,000 3% 500 41% 7 7% Jan Dec 66 11'A 100 4 Tb Jan 13 16% 700 8 Jan 16% 5Tb Nov 9'A Dec 9 10 10 400 16% 20% 17 130 13 Jan 17 20 20% 750 19 Nov;;; 21% July Sep 22 % 100 15% 22 Apr Dec 550 8'A Apr 12 Dec Cincinnati Street 14 1,000 9'A Jan 14 Nov Cincinnati Telephone 50 Oct 48% 100 37 Jan 14% 120 12 Sep 14% July 39% 40 110 34% Feb 40 17 39% 17 100 13 Tb Jan 18% Aug 3% — 3Tb 100 l'A 7% 7% 900 4 22% 23% 1,500 Xl9% 23 19% 300 10% 16 Dow Drug Oct Gibson Dec Kahn 1st 20 Jan May Oct Kroger 1 6% 6% 100 12% 12% 200 4'/a 8% July 5% May * V 15% Oct Jan. 7% 7% 31 39% 96 31 38% 39% 40 50 400 97 5% 6 550 98 10% Jan Nov •' 1% .1; S Oct 6 Dec 7 7% 8% 7,050 6% Apr 8Va July Jun 8 Jun Mar 80 July Jan 14 Nov 427 17% Apr 31% pec 20 5'A Jan 8% Nov 29% 33 8 Apr 14 July 5 30 May 35 Jan 210 14% 34 41% 29 Jan 42 49% Nov 50% Oct Nov 10% 75 49% 37% 37% 248 31% Jan 37% 57% 59 468 20 52% Apr 59 75 , Dec July 26 26 22 Feb 44% 130 40% Jan 25 July 47% Nov 425 8'A Jan 15% Jan 17% July 16% 15 46% 16 V* 16% 21 % Dec Timken Dec —2» Rolling Mill Standard >5% 4% 9 Jai/ 58% 10 5o , 8% 4% May Dec 8% 7% 72 42V* 50 * : —; Oct 13% Mar 389 60 Jan 30% 108% 37% * — Jan 49%: $ City Ice & Fuel— 7% 50 A '• Apr May 15% 16'A 404 20% 21% 62 Dec Unlisted- Feb 350 10 100% 71 Apr 1.426 34 41% preferred————100 * American 3% 6% 22% 25 60 Jan % Mar 6 9 % 79 14% " — * U S Printing common 400 5% v 8 — " — — Playing Card——— 7% 6% — class Randall 7% 5% 14 8 —10- Insulation 7% " —.——* —— Art * _1 415 5 Feb 4 34% Dec 42 ' Jan 31% Feb , 151/4 8 % .78% 75 Feb % 50 28% High 25'A 139 Dec 33% Apr 36 •V. 5% 8 V* Mar 6% Aug 1,550 108% 151/4 Procter & Gamble— U 96 Low 33 15 10% 107% 109 ;—• Eagle-Picher Aug 9 23% ; Range for Year 1944 High May 6 Jan Mar „ 15 50 Corp Crosley 4% 28% 5 1 —* Cincinnati Union Stock Yards Formica 7 Tb Sales for Week Shares 1 1 50 r9 % 12 13% 14% 32% 32% Cincinnati Gas & Electric prefcrred_10u 11% 48%. 5 —- 14 14% LaSalle Ext Univ common * * —* American Products part pfd Champion Paper & Fibre 12 48% » Laundry Machine 20 American Products ——.————--J*- Churngold 22 Low American 5 ■ Range of Prices Par Dec 25 10 100 • Week's - Sale Price July 11'A —«•- 8T0CKS—• July 16'A ' Last 43% July 40% Jun 51% Feb -* * * 1 Cincinnati Stock Exchange Oct' 23 Friday & '—.Ml' * * • 12 32% 33 common 17% July 3% 50 Dec 12% Cl^rk common Co Jan Sep 5% 17 5 Nash-Kelvlnator Dec 35 % IV* Lindsay Light & Chemical common 12 % 13 % 49% 25 common ^ Electric Martin 27% Jun 106 13 * 10 Libby McNeill & Llbby common 5% July 100 350 r31% • Topeka &, Santa Fe Ry General Dec 36 1 common Jan 16% 15% 5% j2% 1 Jan 34* Sep 15% 25 common * Studebaker Corp Kellogg Switchboard common • 5% preferred —— 100 Ken-Rad Tube & Lamp common A—* Printing 35 15 pfd '1 *V Curtiss-Wright 29% Nov 5 common—... Power $6 31 % 16'A .15% capital—/—A 150 • 22% Indianapolis Power & Light com Dec — Bethlehem Steel Dec 45'A 24% 100 23 —C 1 Illinois Central RR common— Dec 41 '4 Jan 2 1,200 1,200 Paramount Pictures Inc * Brick Co capital 21% 16 17% Mar 50 3,050 ;; Inc Copper Interlake 16% Hupp Motors common Indiana Steel Prod Nov Jan 20% A Jan 15 — Telegraph Mach ; Anaconda 300 com 50 3% - Radiator & Atch 27% X28% class' B 21% 34% Transp cap - {. 64% July 105% 105% Hall Printing Co common .—10 Harnischfeger Corp common——10 Brew Co G cap 1 Houdaille-Hershey v\ 30% 20 Bartlett common 21% Feb Unlisted StocksAmerican Sep 3,400 common—. r t Sep 26% common— 21% ' 44 78% Lines Industries 23% 55 Carbon & common Yates-Amer Aug 36% Dr & Dk com Jan 3% common—. Oil-O-Matic Wdodall Dec 36 Air Steel S Common Oct 36% common 43 • Carbide Williams Nov 4% May 26 Razor common— Inc Apr 1 common..-: Wisconsin Bankshares-— Dec 12% 19,250 50 common 27% 2 Western Union Nov 7% 5,750 common R) Wleboldt Stores % Dec 17% 16 7% 29% . 33 60 33% : Wflgreen Co common Dec 3,750 22% 16 105% Dec 32 32 5 Utah Radio Products common] Oct 150 22% 60 pfd—100 2% 13% ,: U Aug % Mar 17% Auto Corp Bros 30 , % , 28% cum (J Union Oct 22 Jan 88% 60 Heileman Lincoln 20 150 16% common Safety Co 450 29% —.— Outdoor & 23% 99 % 101% 22 23'A 101 24 Feb 3 Tb common- capital United 31% Jan 25 Drive Motors Leath 28 j:-'■: — Foods Kimberly 50 July 6 10% Dec 31 16 20 208 South La Salle Street Corp com Dec 15% 17% General Finance Corp common Interstate 36 Jan 25 (Peter) Brewing common Illinois Jan 9 Connel Dk & Dredge & Co 22 2,100 400 Elgin National Watch Co Eversharp Inc common- Hormel & 300 15 95% Electric Household Util Corp Inc 36 63 Domestic Industries Inc class A Horders Thompson Dec Jan 250 2,200 34% Corp: common Trane Co (The) Nov 14% 93% Dodge Mfg Corp common— Doehler-Jarvis Corp General 3y* 500 5% 6% 2,550 Nov Dec 6% Aug Jan 13% _i capital Corp 16% 3% 22 % 25 Texas 41% July Jan Feb 15% -.25 caDital Swift International capital— Oct 300 105 21% Swift Co Feb 5% 18% Jan 85 13% _5 Ac 11 300 22% 20 „ Stewart-Warner 25% Jtly Jan 21V* 100 350 13 % 16% —« *1—— Tndlana of Jan 2 Sundstrand Machine Tool common- 8% Aug 35% 2 * General 34% 63 common— Hibb Spencer 100 39 5% 5% 28 Diamond T Motor Car common Co Dec 11% Stockyards capital—. Oil Jan 6% 5 : —— Dredge5 pfd 3% 5% _• cap Common Dec 49'A 39 1 Gossard 15% Jan Works 38% 18% 1 , it 24 43% Dec 5 Dec 11% Dec Feb 30 550 - 11% 105% 18% 105 common Sterling Brewers Inc 35% Dayton Rubber Mfg common Great Lakes Jan 33% Jan 83 JA * 5 common Goldblatt 8% 400 95% Cunningham Drug Stores Gillette 750 63 capital pref part shares General 15% 48% 24 1 ; - Lathe Nat Standard Oct 18 May —10 common—1* Cudahy Packing Co 1% Fox 200 Jan 54% common Co— Four-Wheel 8,350 56% Edison common 3% 6% 17% 5 14% • Lamp & Stove Commonwealth Co Jan Dec 14 Louis Standard Dec 5 Tb 8 • Chrysler Corp common Fitz Simons 8% 950 . Dixie Cup Co 2% Jan 1,050 —— Cities Service Co common Co Jan 4% 7% Ry— Chicago Towel Co common Vtc 1 450 11% *7% t c for common Preferred Crane 300 7% —* preferred Chicago & North Western Consumers 6% July 11% 22% Chicago Flexible Shaft common Coleman Apr 15 5 1 Chicago Corp common V 4% Bend South St 8% 5% — —" common-—.- Burrell Corp common— Convertible 8,300 Corp class B Spiegel Inc common Dec Jan 7% * ■ Belt Co Cherry 166% 156% capital— Sinclair Oil Corp Nov 125 250 7% Serrick 40'% July Apr May 11% 1 „—50c —* Preferred Chain 33% 108 Cummins Sears, Roebuck & Co common— Jan 2 31 • — lien 120 Corp— Secur Central S W Util common Prior 200 20% Jun Schwitzer 1 50 g 11% Sangamo Electric .Co 'comihon——u.1* Dec 17 15 — common———10- M) (A Central Illinois Pub Serv $<J pfd 111 39% 126 16% 48% 6% 17% 30 preferred 5',V convertible Central 100 . 1 % 8 1 5 10 Common Bruce Co 17% Mar Wire—- & Fence Brown Oct ■57 7% — — 1 1 5 Berghoff Brewing Corp— Binks Mfg Co capital Borg-Warner Corp common Aug 21 6% 7 * —5 Corp Aviation Corp Bendix 8 Dec 100 163% 163% 10 common Jan 9 124 .100 100 —6 —1 4 3 capital Co Tel & 4% : 44 5 5 4 . tiiyu Lou, High 44 10 common 1941 Range for Year Shares Dec 200 300 68 39% — American 66 7% 9% Packing Raytheon Mfg Co 6% preferred— Hosiery Mills common Rollins High Low 7% ■ common American Pub Serv pfd-.— Range for Year 1941 17% 5 1 Allied Laboratories common———* Allis Chalmers Mfg Co —-*■ Castlngb Bearing Ball Aetna Rath Shares High 9% 68 —-—25 common Aluminum Advanced Low for Week for Week Range of Prices Sale Price Sales Range Friday STOCKS— Sales ■ifi- Week's Last Chicago Stock Exchange Gas Columbia Motors General •• V/. • Brands 29% _ * _ Jan 3 Tb Jun 24% July 5'A Mar . 4'A 274 64 64 % 469 51% Jan 66 28% 29% 220 27% Dec 51% » Bearing. 15 4 64% — Roller 12 p / 51% 33% July 52% Aug ■ 43Tb Aug 18 Julv ■i, McCord Marshall Mfg & Rad Field class A. common _• Food Corp 170 22% Jan 52 Nov 20 600 13% Jan 20 Dec capital • 19% 19% 9% 9% 150 11 % 10% 11'A 3,150 • Prod com West Middle 50% 1 5 — Mickelberry's 49 * 29 28% 29 400 18% May 30% Dec 11 10% 11 400 5% Mar 16"% Sep 11 10% 11 500 5% Mar 17 Sep 5% Mar 9% Feb 9% Dec 13% Nov. Cleveland Slock Exchange Midland United Co— Convertible 1% preferred A prior lien Util Midland * &% prior 100 100 lien Miller & Hart Inc— Common — — — preferred—. prior . Modine Mfg common— Montgomery - 10 —* * & 3 12'A 3 12 3 12'A 1,050 1% Jan 350 9% Jan 33 33 50 28 Feb Dec Brass Mfg Akron 51% 51 51% 750 41% Apr 53% Oct 20 20 20 300 14% Jan 20Tb Dec Clark 1 13% 12% Body Coach & American * Ward & Co common Springfilled common National Cylinder Gas common- National Pressure Cooker common 13% 13% 100 11% Feb 14'/* Oct 18 _2 20 100 12 Apr 21 Oct Cleveland Cliffs National Standard Capital stock— Noblitt-Sparks Ind 5 Inc cap North American Car common 20 Northwest Airlines Inc commonNorthwest Nor West 1% Bancorp Util - 100 - 10 preferred _ Feabody Coal Co class B com 6% preferred Pennsylvania Potter Co Pressed RR For capital Car Quaker Oats Co jdC 5 100 50 1 ... (The) common Steel 36% 37 40 39 • 24% 140 * common footnotes see page s 139. 32%#Jan 40 150 33% 18 18% 500 17% Mar 32% 100 19 23% 136 24% 140 43 35 5 100 % 43% 35 35 4% 98 33% Feb 3% 26 Co Dec Greif Bros Dec Halle Bros 4% May 98 Dec — (B — 110 7 Cooperage Jan 33% Dec Jaeger Jan 5% Dec Jones 17% 100 11% Apr 18% Dec Lamson 77 77% 90 71% Mar 82% Aug Leland Electric 26 'A 50 Jan Feb 19 Jan July 7% July 25% Jun 25% Dec 54% Jun 25 36% Feb 51 Dec 56% 35 43% May 56 NOV 1.6% 650 Feb 18 NOV 51% 56% 16% 12% w ... 1 52% 52% 118 47 Feb 53 33 32% 33 211 30 V* Dec 34% July 20% Aug 23 50 20% 27% Dec 7% Nov 23'A 23'A 29% 29% 7% 7% 1,635 24% 24% 32 m * 7% NOV 21 0 — * 4% 19%1 > 85% July 115 '/a Jan 0 Sessions Jan 110 y; Nov 13 'Ai Apr Feb 51% '• 25% July 22Tb Jan 18'A 50 106 16*4 12'A July Jan 40 25% 0 Laughlin & 50 54% 5 Machine & 7 21 Jan Jan 63 395 5,081 54 * A ... 2% 20'A 10 18 50 * Steamship 500 83% 110 High 6% July 14% 50 280 25% . i— & Rubber common.. 5% Low , 26'A . ....... Range for Year 1944 5% Feb 335 t* Preferred Interlake 1.2% 21 - 25 Rubber Co F) 5% 950 __ til 36 Jan 24 & 45% Jan ,5 Tb 20% 18'A Navigation 6 20.!% 80'A 83 .*•/ — common Jan 24 79 Tire Jan 22 • « 20% •;j General Glidden Dec Goodyear Tire 30 pfd__. $4.50 . Sep 20% Mar 31% Goodrich 100 270 Cleveland & Dec Jan, 12,350 47 Detroit Dec Jan 95 5% July 3 35'A 16% 80 500 100% 35 Jan 38 111 Corp common. 17% 35 1 common 150 32% '«■»«* 100 (The) common— pr Parker Pen Co 36% * ,» common— lien pfd 10 —. Iron preferred- Electric Cleveland Cliffs — Shares High 20% . Controller 6% 6% City Ice & Fuel Nachman for Week of Prices LOW Par 11% Aug 34 Safes Range Last Sal* Price STOCKS— ] ' $1 Week's Friday V 5'A 17 Jan Jun Jan 25 Jan Nov CHRONICLE COMMERCIAL & FINANCIAL THE Number 4349 Volume 161 OTHER STOCK RANGE EXCHANGES WEEK ENDING JAN. 5 FOR Week's Sales Last Range for Week Sale Price of Prices Shares Friday Friday ■(p/'. 4 STOCKS— v V.-4 of Prices Shares Machine B 14 43% Acme 1 —v-_ National Refining National Tile new Electric y4 Dec 100 3% Jan 5 Oct 25 13% Jan 20l/4 Dec 10% Feb 16% Dec 16% 14% 14% 40 V\ 455 - %:'? 2% Aug 1% Apr Jan 18 14% Dec 321/s 42 Va Jan Oct Menasco Mt Nordon 6% Jan 11% July 115 40V4 Jan 49 Dec Occidental 30 32 '/'b Jan 49% Oct Oceanic Jan 21% 19% 1,200 41% 75 33% Rubber com..'_ Tire & Pacific Industrial Rayon Interlake Iron common._..__ __ — General Electric common...:, -i- 58% 39 Va "v 57 Dec Feb 40% Dec 35 Va Nov 6% 75 Feb 35 165 40% Jan 325 10 9% 38% 70 - 40 % 39% * common— "T 42% July & Elec Oil Ohio common Republic —. 4— - common...— Indemnity Co., Lighting Corp common Pacific Pub Serv 1st pfd Pacific Western Oil Corp 15%: Jan /. V 23% Dec 18 Vss 20% 15% Sep 20 % Apr 21% July 50% Apr 63% July 419 62'%; 374 ; Feb Oil Ranch Rice Oil Richfield Corp Co Pacific Standard Oil <; Detroit Slock Exchange Week's for Week • 1 * Va 14% 1 9% 8% 6% Jun A T & S F 4 Jan Atlantic 1.970 Jan 9 Va Dec Aviation 7 Va 1.200 4% Jan 18% 21'/4 21% 1.243 15% 15% 100 13 869 18% 1'2% 5% ,5% 5% Car Motor 1,228 25 —25 * 977 Bpeing 3% 200 •2% Mar 4 July 1% 600 1 v!; 1% ''*Lw .3 vv-' 514 B j; Dec 14% Aug 514 2.086 2% 4 6% 13% Feb 2% Jan Dec 4% July Goodrich Graham-Paige '2% Interlake Int'l Copper Corp McNeill & Libby Apr 13% Nov Loew's, 3% Jan 7% Dec McKesson 100 1% May 3 Dec Montaomerv 3% 200 2% Jan / 6"/4 1.100 2% Jan 7% Dec New 5% 5% 4%- Jun 6% Nov North North 5 4 %• ■ 2% 800 * 3914 5% 650 1% 1% IV2 950 5 %" 5 tO 5% 26% 50 5V2- 400 39 —4 1 % 98c 3% Jan 5 Nov Jan 39 Inc 5% Dec Jan 2 Aug 5% Jan Oct Oil Ohio Angeles Stock Exchange . . „ STOCKS— ' Petroleum Bandinf /-;- Company Par ,, Corp 1 _ L:'i • __ — Inc com Broadwav Dept Store 21 * California Packing Cessna Corp com. •: Aircraft 5% Preferred America! of Creameries 5 Va ■ , » 10% 5% 35 3.450 185 28 % 10% 15% 3,055 ., 594 795 10% 3% Corn Aircraft Co. Products Electrical Exeter Fa _ & 14% 4 1 Ltd class A Merchants Nat'l Bank- .100 rnsworth Fit?,simmons & Television 30c Stores Motors class Corp ' Paint Goodyear Corp 13% 1 A__ 10 common Tire Oil & Co Rubber A Co com. * common Holly Development Co For footnotes see 1 _ page _ _ 139. 30c a51% L—: 4,200 5 400 ' Apr 10 % Feb 480 11% Jan 21 9 830 120 Studebaker 95 ;< 54% 110 Swift & — Company Texas Tide Water 20% Jan 28 11% Nov Union Jan 9% 125 6% Jan 70 25Va Apr 31% Jun Jan 19 % Dec 36% Dec 9% a29% a30 38 8 940 V 12 490 30% 6% Apr 5 65 Va Jan 27% Dec Apr 53% Nov. 300 2 1% 2,085 15% Jan 23 Va Dec 10% 425 7% Jun 11 Va Nov 20% 1,046 16% Jan 19% Aug 18% 18% 170 15% Sep 19% July 5% 3 Va Jan 5% 3,007 a30y4 a30% 75 34% 945 33% 48 % 20% 15 Va 10% 479 8% Apr 1,311 16% Apr 21 88% Mar 14% 915 12 a34 a35% 290 a 28% 63 a32% U Jan United States 6% 50% 35 7% a5134 a52 87 38% 55 643 47 72 %c 510 14% Oct Ja Corporation Rubber (Del)—.., Co... ^ Steely Corp—s, • 12% Jun Warner Bros Pictures Dec Western Union Inc— Tel Co class A 5 * 53% Dec Westinghouse Elec & Mfg Co Motors Inc 50 Apr Willvs-Overland Jun 92 %c Jan Woolworth Company (F W) 10 Jan 1 % 50% Dec Jan 29 % Apr 'Sep D:c 31% July 34% Jun 151 53% Mar 11 % all% 20 8% May 19% 150 13% Apr 20 a32y4 a32% 105 27% Jan 31 Va Feb 49% 150 45% Oct 49 Va July July al9y8 a 3.3 % May 55% May 10% 37 Dec July a37V8 a37% 55 17% 345 13% Jan 16% July 80% 29 78% Feb 82 117% 117% 243 a34% 180 22% Apr 34% a30% a32% 252 26 % Jun 32 Nov 1% 505 1 V« May 2 July 51% Dec 17% a80 a34 a 1% 108% May 43 V8 Apr July 108 Va May Dec a53 % a53 % 7% May 65% ii Jan S 17% Ji'iy' 14Va July 33 460 al37/s Dec Jan Jan a37% 97% Feb 22% a a 44% a 122 Va 50 62% 1,142 14% 220 11% Apr 92 42% Feb 52% July 93 Feb 99 % a42% a a437/a a45% al22%al25 al7% 1 i 21% July . 57 Va 49% —25 U'si Julj a34% a34 a 19% A. 12 32 57% a Mar * • a 28% a34% 18 Feb 252 13% 50% July May:, 106% 106% 14 Va 40c 9% Corp Feb Dec 41 61% Aircraft United Dec 25 Va 148 61% Air United Oct 33% 400 14% 1 25 Dec Feb 435 20 Aug 29% 26% 17% 27'A 17% 17% a35% 6% 25% Mav a48y4 a48'/2 26% a * United Dec 1% Mar- Feb 24% a32 % Oct 14% Aug 23 42 5 * .10 70 Aug Mar 65 VB 17 117% 30c , 10% 5% Pacific 55% July 83a July Aug 366 * Carbon Corp Feb 552 5iy« Railroad Company...100 Lines Transport 5 & 9% July a28% a 80% Carbide 36% July 23 * -10 Assoc Oil .11 % 460 ... — Sulphur Co Aug Feb Dec Gulf 7 Va 1% 7% * Inc Corp. July Jun 53 Mar 28% 20% J) Nov 43 % 40% Dec 43 Aug 40 ; 423 37% • 15 Co As Feb Nov Oct 11 Dec 35 Va Dec 7'/a 420 6 10 Va Co Texas Jan 9 a47% 650'/a America- of Webster Stone & V Dec 18 Jun May 9 420 20% a30% find)— Dec 7% 19% Jan 4% 16 200 10% 39% * < N Jun Sep 5% 225 6% 19% 6 Oct iy8 July 19% Co 9% May 100 500 Feb 145 10% Co 21% 503 77V4C 77% C Jun 5 28'% 24 Oil 95% 6'/a 53% 52 25% 1% Oil Jan all % 8 38Va Aug Jan Dec 51 Standard 9% 3% a6338 a64?/a all® *". 50 922 13% 13 6(4 a64% common » Hancock • 14% a505,/2a505% — » General 14% 30c ' 1 Radio a71 % a70 • Co Oil Farmers iL-— Trtc Corp Apr 3% 25 Socony-Vacuum Gil Co 84% Mav ' 12% July 45 y2 a79 y« a79V« * —* —• Roebuck Sears, Union Douglas Co Oct Jan 8% 34% 50 Incorporated Nov 10 y% Dec : 39% 97, a28 Vft Standard Jun 19 y4 33'% July Mar 36% May 175 y 4% 8 Dec 80 Sep 66% July 4% a36% a37 % 38 Nov 30% 799 12 18% —* —25 25 Jan <: 9% a29% Inc. Feb 30 65 5% a 49% Brands, 45 134 a38% a38% 54 '/2 Standard -25% Apr 13% May a4l% a41% Feb Dec 57% 110 10 Vk. * 19 1,043 19% Co, 2.00 July Jan 69 % 9 Railway Febv* 100 23 28 —, ' 80 21% • ILL— !i—_ — a 29% 1.30 841 ~.v a94% a95% a95% • i__— Jan 550 21% 80 80 5 _ _ Consolidated Steel Corp^ 21 a28 V 18 Jan 1.80 1.75 1.75 ' : * 1 '1— Company Corporation Chrvsler V .100 Investment Corp Central ' 12% 848 3%- 3 3% 410 18 .■•17% 18 Oorooration.——— Oil Chica Bolsa : Bros Corp common Diamond 6% 45 y8 21 Southern 3% July 700 4% 4 V4 4% l • Barker Blue /y .,!. Low - 18 y4 Mar Jan 6% Republic Steel Corp Range for Year 1.944 Hiah Low V7 Shares Sep 34% % 1 for Week * of Prices 15 75 a29 y4 a2D% .*■ Inc Corp— Dodge Oil Radio Sales Range Sale Price ' . Week's Last . —— Car Co. Pictures, Paramount Pullman . Co Motor Packard Pure . Co American July Jan Pennsylvania Railroad Co Friday "4% I —10 Inc. Aviation, Dec' 235 a50% a50% a37V8 * RR Central American Dec 26% « * „—5c Inc <%; Co, Ward City Copper Co York Phe'us Los ... . Robbins Inc— & Mountain 6% 4% 5% Feb 17% 11 % 12 • 7 * —.18 Kermeeoit 9% ~5% 32% Aug 19 V* a33% a34% a38% —* * * Corp Tel & 300 V: 3% July 80 68% * Corp..: Iron Tel QOf> ■ Nov. 3% May al8y» al9 Corp... 1 Co pfd—.—.... * lnt'1 Nickel Co of Canada..— .■3% ~6Va • Jan 29 a26% Dec Dec 83 56 5,672 Nov 6% July 100 6% 17% * ... Aug July 28% Apr 265 83% 5% Motors Northern Ry 2% 4 Co. F) (B :! Corp. Foods 7%: 12% 12 Vi 5 ' Libby. "7 a a31%*a33 5 , , 127/s 43 y8 165 a48% a48% 2% July > 3 Va Jan . Jun a82% a26 Aug 31% Aug 1% 900 1,440 I' Apr 1% 1.350 4 '3% Feb JaA .' 9 2.774 2V2 2% • 3% 26% * r 7 'A aS'2% 1,050 39% Electric Bond & Share Co Great 2% .2% 2% ...— Products common— 314 Jan 13 14% common—— class Jan 14% —... General 1% ?1 1,605 7% General Electric Co— 9 5% A Oct 500 Jan Jan 30% 1 1 ■ Oct 300 May 24% —* Commonwealth Edison Co—' .25 Commonwealth <& Southern Corp..— * Cons Vultee Aircraft Corp .1 Continental Motors Corp 1 1% 3 Va Aug 8c 9 436 6% — 4 Jan May' 1.45 ' 29% Dec 13% . ?"% ——* 65 Dec 1% July 40c Jan,' 1% 200 7!4 Jan 1 la 400 1% : 13 Va 13 % • common— 2% .2%, 2% 414. Jan 7 % July Jun Jan Jan Canadian Pacific Ry Curtiss-Wright Corp 24c Dec 2c Feb -.5 Borg-Warner Corp Nov 100 Dec 36% 15 - 8 200 13% 156'/B .5 Co——— Airplane Co Dec _—:——50 *, Aircraft common—_— 1 • Screw Wayne Bethlehem Steel Corp.. 6% Preferred Warner — 140 1,000 Apr 30 13 _—5 ——5 * Works vtc — 7 \ Nov 734 6% 18% Aug 1% Dec 15 % a41V'8 a4iy« a33 Jan 34c 12% 20% Jan 1.10 200 30% 14% '?7% 300 12 11% Sep 5% May 250 1.15 a3c Jan al64V4 745 32c 8% 7% 6% a3c July 7% July 17% al63%al64% : 17% 1% 10 common.......—1 Standard. Tube class B com——1 Tivoli Brewing common—1 Udvlite common —.—;—;— .: 1 Union Investment common— * U S Radiator common.. : 1 Cooler Co Bendix Aviation Corp Class 39 Feb a41% 16% y Sep 5% ; 50 12% * * 100 50 5 100 —25 .3 Co 12% Dec Dec 360 1.10 Columbia Gas & Electric Corp 1% 42% 7,937 16% a3c Jun May Dec Jan 8,061 21% 15% 6% 10 —1 25c Co 32 Va 12 11% 20% al6% al6% 14 57c v. 11 Feb r J.' 16% 12 3% 1% : 21 2 25 10 .1 250 Mfg Universal 1,530 12% 34c Scotten-Dillon common Shelter 1,640 6% 12% J Prudential Invest common.......—... 1 River Raisin Paper—.——— —• Pr 39% 6% Dec Jan 34% 39% 634 Dec 32% 925 39% 27 Apr 24% 42% Dec Apr 29% 31% 15 30% 42% Jan 22% * Oil Co 36% 100 . 31% Nov . 42% 42% 42% Aug 1% ■ 373 • 1% . Dec Dec 27 7 • 10 Va 54% 80 32% Apr ' Jan 2,305 Nov 26% Feb 7 3 Va 47% May 10 9% 1% 31% 96c 65% July Feb 31% 800 10 common Mil Peninsular Feb 1% Mar % 1 <—25 1% Wolverine, common Parker 52% 8% 200 Aur Nov 574 Oct 3,486 Dec 6 i common— Davis Dec Jan 3 1% Sugar common......„—?/ Mid-West Abrasive common....—50c Parke, 7% 7% 11% July % a26 Va a26Va 5% 2 __1 common Die Casting common.... Packard Jan Jan 7 48c 10% a54 % a54% 42% 64% 1 common——: Corp 4% 28c 10,500 % ' 9% 5% Michigan Murray Dec Sep May 5% 10% 10% 64% ...1 McClanahan Oil common Michigan Oil Borden 4% 40c 40o Co.—————25 Case (J I) Co 25 Caterpillar Tractor Co * ■ Prod Dec 3Va 1.010 ... ,-w 2,550 1,265 Ry Co Dec 540 * 50 6 14% Co.. Corporation 15% 958 64% a 17% 5% 5% 14 % Refining Barnsdall 7% • Dec 1 Mng Baldwin Locomotive Mar 7% 7% .7 common——_.5 Products common.: Wines 10a* Dec 25% 14,% & Tel Co— Oct Jan 23% 48 Jan 42% Aug San Corp 23 Jan 16 Va Jan Jan 19 15% — Refin Jun 1114 July 200 V- 15 Va 23 V3 Oct 47% 40% "27% Co 15 21 Jan f b: 17% Kinsel Drug Common— Screw 1514 .. '-a it ' Masco Jan \ 16% al7% . 24% Jan 7% July 23% 24% 'b:; 49% 10 100 a48% a48% 24% — Dec 180 a50 a50 __ Dec 36 % 32% Mar Nov Anaconda Copper Mining Co Armour & Co (111) —.... Dec 300 21% Houdaille-Hershey class LaSalle 12 Va " 30% 100 Stocks— 4% 3 % Industries common....,—3 Kingston 214 July S & G Smelt & 3 14% 3 915 Jan Corporation American Tel High t Jun 1% 581 9% 7 200 2% 2% 14 Finance Hurd Lock & Mlg Range for Year 1944 wit, 35 36% Oct 35 Jan 34% 36% a48% 7% 5% May 100 23 3a California— Rad & Stand American High Low. . Amer Shares of Prices Sale Price 6% 6% Sep May 10% ... Mining Gold Unlisted Sales Range Friday common.—.——1 General Motors common 10 (»rah«m-Piu«e common 1 Grand Valley Brew common 1 Hotkins Mfg common 2 '/a Jan 18 25c 25 B Consolidated Chollar Zenda General Jan 48c 1,500 5,100 Mining Stocks— Cons Gar Wood 30 20c 1,527 Alaska Juneau Gold Mng Co.— ; Jan 16% Air Lines. Inc Western Telephone: Randolph 5530 t 14c 15% Calif— of Co of Oil Union Universal common—10 Detroit Edison common 20 Detroit Gasket common 1 Detroit Steel Corp common -b Federal Mogul common——... __5 Frankenmulh Brewing common———21 Nov 16% Company Sunray Oil Corp DETROIT & Cleveland Nav 6c *' class C— preferred Transamerica Detroit Jun 14,250 11c a54% Co Ltd preferred class Chicago Stock Exchange Ford Building McLaren common—_— 75c 30c 35 1 ...— Company Caiif Edison New York Curb Associate Exchange Burry Biscuit common —12 Continental Motors common:.,.. Jan 26c 6% Oct Sep 60c ... * —...30 .———15, Corp—_—: Aircraft 6% Southern Stock Exchange Burroughs Adding Machine—n Dec 1.75 90c 20c —— - Corp Oil 5%% Brown, 75c 67%c Jan 700 20c * common... Company Southern Members ■ Nov 30c — Union Solar Watling, Lerciien & Co. STOCKS— 23% 8c —1 Aeronautical Ryan Sinclair Last Oct Jun 9,590 1.75 72 Vac ' Security York Stock 500 60c 15V'8 272 Jan Jan 9c 1 Co Warrants Shell Detroit 70c 1.50 70c —25 ..10 • * 10 Pacific Safeway Stores Inc New 22% 1% 10 30c 770 7,000 .. 10% July 16 18% 19% — : 40 < • 59% . Steel common Steel S U 54 23% 23 y8 —_• * Central RR com 6 Aug 14% Aug 45c 70c 1.65 25 common 1st pfd- Republic Petroleum Co common— New York Jan 225 3% 13% 22 • Products Clay Gas Pacific 57%* _* • 157/a May 45c , 1 1 Corp ! Co Pacific .42% July Apr 4 4 Unlisted— 16% July Jan Nov Petroleum Oil 5V2% Firestone Ltd Corporation 100 Feb 5% 3% —1 i 1 1 — 8V2 100 13V2 45c i Oil, Mng & Dev Co. 10 15% High 43 13% 13% 10c _ Corp Co Mfg Diablo 497/« 19 * Low al4% al4% 14% 1 —_ Co.; Aircraft Lockheed 47% 10 19 , Co Petroleum Lincoln a 1 Hupp Motor Car Corp... Mascot Oil Company 41% * _* — Packing Co common—10 Hunt Brothers Lane-Wells 46% ' • Co Car Oct Jan Motor Hudson 49 1 — i A'oungstowri Sheet & Tube. h 12 100 25 Works Iron Dorn Van 16 */a 14% // Feb 13 % 200 25 —5* Prod Inc Thompson •;% 2 .2 40 Oil of Ohio Standard 728 17 J; 16% ___ Rubber Seiberling 46 100 4% 21% .4 16% __5 _____ Bros Ricinnan 36 Nov 14 Jun 44 y2 M 2 * —* x— Patterson-Sargent Reliance \ * — a ... 12 21% 44 ; Metropolitan Paving Brick.——— National 25 y 14 Range for Year 1944 Hiah High Low .41/2 * ____— Low Par * . ..._ class G) STOCKS Range for Year 1944 High Low '■■'..bbb Par (A McKee for Week Sale Price > -v;;';' McKay Sales Range v>VV -v."'"' v Week's Last : a 41V2 a 18 a42 y8 349 125 200 50% May 6% 37 62 Va July 14% July Jun Feb. 19% July Jan 42% Dec Monday, January 8, 1945 FINANCIAL CHRONICLE THE COMMERCIAL & 136 OTHER STOCK EXCHANGES JAN. 5 FOR WEEK ENDING EANGE Philadelphia Stock Exchange Last Range Sale Price stocks— for Week of Prices ,!•- High Loto v .- American Stores Lone -A- Autocar Engine Co....— preferred Elec Pow 8% 4.40% Corp Jan 12% July 7% Apr 11 Jun 94% 96% 285 78% Jan 96% Dec 9% 345 * 5 40% 20 22 13 % May 39% Apr 64% 23 % 2,174 51% Reo Motors common Oct 437 4% Sep 8% 962. 5% Apr 7% Jan 6 Va 35 Va 21% 24% 20% 22* 37 Va 23% Jan 16% 34 Va 15% Sep 17% 25% Jan 16 Jan 21% Dec 27% Jan 36% Jun 100 65c 2c Jan 3% Jan 110 6% Feb 10 34% 30% 34Va 30% Nov 68% 1% ~2Va T 715 0. 1 8% 250 21% 3IV2 Dec ,; Phone CEntral 7600 Bell Teletype SL Ch Icago Board of Trade Chicago Stock Exch. 2% 1 % 532 38% 39% 1,138 )i St. Louis Stock Exchange Sep 31% k ;'V;: I/'■" k:"k American ; for Week Shares Bank Inv common Bldg Equipt Low Par 1 . Range for Year 1914 7% 4 4 4 34 33 6% 65 w 9 Jan 23 Va 75 Aug 4% Nov 2% Mar 30 V W' 34 . High Low High 7% 3 __u._l common.—. Burkart Mfg common. 15% July Oct 11% Dec 42 Sales Range of Prices Friday 1% July Apr Week's Sale Price stocks— Jan 2 Jan 1 1,033 14% 13 Va 693 New York Curb Exchange Associate ■ 1% 14% Oct V-'V Members it Dec OCt J/4 1% Mar 2,559 lVa 39 Va Apr St.9 St. Louis 2, Missouri St. Louis Stock Exchange 1%> Aug U May 232 :■ Dec Aug 35% Last • July 9% 11 30% May New York Stock Exchange 45% Nov 309 Jun 1 1 10c 120 1871 Established 300 North 4th {%■ 10% July Jan 58 '/a 56% vl' l.OO Jun May 500 440 15% Aug 38 % - Jun Dec 11% 53% • 6 Vb Edward D. Jones & Co. 36% July 135 43 Va 8% 34Va " Jun 203 10 9% 43 4% Feb St. Louis Listed and Unlisted Securities Feb 185 i" Dec 510 Oct Oct 124 16% 125% 5c IOV4. 10 \ 30% Steel. Alloys 30 Jan 90c 90c 10%' .. . Dec 56 Feb 95 6% 5c 1 * 2'A Dec Feb 41 119% 5% . 1% 50 58 119 . —1 common. 'Oct 120 Aug 28% 150 31 Va 15% Gas Springs '"s Jan 26 Va 225 21% 37'/a 119 •" Westinghouse Afr Brake.— Dec 200 21% 235 2%'. Dec Aug 2 Jan 50c Nov 116 94 34'/a 34 2% 2%. , 512 18 18 879 ....1 Dec V 33% 38 V4 18% May 1,454 > 'h 31 30 % 1% Dec 10% Dec Dec - 36% 8,586 25% 118% 119 1% ......—1 Steel Jan 2.429 % 6 Jan 6% 10% 58 25 Co Oil & 3\'i 10% <" .... Standard 25 Nov 11 ,7% Jun; 468 s 6% 6% io% —*"'* common-— 20% July. Dec 5 Jan 26 210 20% - 3,475 25% * • 4,728 • 11 Apr Dec 4% 5% 39% ■ io% , 5% Sep 15% ;r High > Dec 21% 1 —25 25 * preferred 12% 33% 1 ——.— Jan 39 34% -- — 8% 723 39% -* " Tonopah Mining Transit Invest Corp common 22% Feb 5% ' ...1 Oil 66 Jan 3 7% 7% 25 , Jan Jn'y Feb 12 60 163 5 12% 8% 7% 5% 3 Scott Paper common.....— - 600 18% 5%'. j.% San Toy Mining 47% July 5'% 18% . 6%I- Corp Shamrock Low 3% 5% 1944 Range for Year High 11 * 10 Pittsburgh Plate Glass. Pittsburgh Screw & Bolt Corp. 16% Aug 494 Brewing Vanadium Shares is% H 1 ... Preferred Sep -1,708 12 7% Apr for Week Low —i.1 —10 Fireproofing Pittsburgh Sep 62 % 17% 63% 8% 11 Mar #. , Fuel Supply National Renner 45% -44% 12% 50 —50 ——-——1 common preferred Preferred 159 60% 16 % * „.Salt Dome Oil. Corp $3 5% 4% • —— United Corp 102 23% t * .V-——100 ———25 ..... pfd Phila Insulated Wire..',—.. Co 10% 10% 64% 10 Pennsylvania Salt new com— Philadelphia Electric Co common $1 preference common — Sun 17 —X 50 Pennroad Corp 2nd Dec 45% * 50 * Pennsylvania RR Reading Dec 62 % 60% 10 ••* 1 Coal & Navigation... Lehigh Valley RR i—• National. Power & Light Philco 27 Feb .'.'yV. . . Brothers Lehigh Phila Apr 34% 9% — * Light—;—:—13 % Battery * •" * Jacobs. Aircraft 18 289 58 95% 5 Motors..; Giinbel 267 26% _ : General Nov 57% Power & Storage Electric 15% 10% Chrysler Corp Curtis Pub Co common preferred Dec 25% .50 Wheel Co Prior 14% 50 Gas Star Mountain Dec 16% 25' .13 Locomotive Works v t c_. Bankers Securities Corp. pfd-—__ Budd (E G) Mfg Co common ; Delaware 1667 8 16% _5c ... Baldwin Budd Jan Par . Walker Refractories McKinney Mfg 19 Va July Jan 156 1,281 10 % American 163% 164% 164 y4 100 Tel & Tel Co common. 14% :323 - '■ , Pltt_ Brewing.............. Harbison ' 18% 17% 18 , . Fort Range for Year 1944 Shares High Low Par , . . Sales Range Sale Price STOCKS— Sales Weeks Friday Week's of Prices Friday : kkkQk'lfikkkkkk Last I'-'-'v.":''V 33 Feb Dec Coca-Cola Bottling common..1 24% 23% 24 % 150 23 Feb 27 Aug Dr Pepper Improvement—_——13 % United Gas common. 0 23 % 23 % 23 % 175 18 Jan 23 Nov 36 36 36 % 60 28 Feb 36% Dec 10% 10 Va Griesedieck-Western Hussmann-Ligonier Hydraulic Pittsburgh Stock Exchange Week's Friday Last Range Co Blaw-Knox 29' ' 29% 14% 15% 260 16% —a.: ,' i 4 (AM) common— Byers V 4V 15 Jan 25 National common 2nd Dec ,17% Rice-Stix Canadian Last STOCKS— - Range of Prices 18% Dec FOR Sale Price * Low Par Abitibi Power & Paper preferred preferred . Gas & Oil—— 6% 1% Acme 3 " common——* —100 140 7%c 147 235 — 9c 5,500 — 1.50 1.50 7 19c 16% 99 103 100% 17%c 16 99 102% 100% 78c 7.75 73c 7.60 75c —r———1 * Algoma Steel common:.,—— 0 Preferred 100 Aluminium Ltd common • Aluminum Co. of Canada 5% pfd—100 Anglo Canadian Oil * Anglo Huronian Ltd.— " Aquarius Porcupine Gold 1 Area Gold Mines Ltd 1 —... - Gold Geld Aunor Mines Mines ... — Bankfield Consolidated Mines... Bagamac 18%c 41 %C 83c 3.75 1 — 10%c 1 — Gold Mines 17c 11c — 1 1 1 . Aubelle Mines Ltd 20c 1 — .... Astoria Quebec Mines Aumaque 14c 1 10 Bank of Nova Scotia new ! 10 Barkers Bread common— -* Preferred .—...——50 Base Metals Mining. * Bathurst Power class A—_—, * Bank Montreal of — 1 Mines Gold Armistice 1 Exploration & Radium Beattie Gold Mines Ltd 1 • Ribbon Preferred Bobjo Corp „* 50 .1 1 common.—... — Ltd Gold Mines 'Bonetal Bralorne Mines, Ltd • » 25 Brantford Cordage Preferred Brazilian Traction Light & Pwr com & Brewers ' Distillers. American British • 1.65 Columbia Packers British Cojumbia Power class A Dominion Oil British Brorlan For — 46c 10 see page 50 12c __ 15% __ 27 23% 139. • • 1 21% 72c 70c 16 July , 99 " Ankerlte Buffalo Canadian Building Burns 27 22% 23% 25 21% 69c 69c 16 8% 27 23% 8% • 1,148 268 170 5,633 135 Dec Dec class "A".—. Canada Class A Class common Apr Canada Packers 71 %c Aug Canada 1.04 May Jan 4.40 July Aug 23c Sep 54,000 5V«c Sep 9%c 18% 25 15 % Jan 21 11 11% 440 8% Jun 11 Dec Sep 18 Dec Sep 11% Dec 9c Dec July 410 400 • 1 80 1.75 1.85 4,270 24c 24c 24c 5,900 18c May 25c 6c 6c 500 4c Nov 9%c Apr 6% 6% 775 4% May 7 Aug 111% 111% 5 109% May 57 % Jun 112 Dec 63 Dec 6% ; « 12 7% 24c May Steamship Lines 1.70 33% 13% 63 25 9% 745 121 20 103 May llS 20 5 18 May 22 Feb 53 Aug - 6% 50 25 43 % Jan 8% 750 5% Oct 33 33% 13 % 41 50 34 Nov 145 13% 168 Jan Oct Dec Nov 11% 12 655 9% Apr 12% Jan 40 Va 40 40% 201 31% Jan 40 % Dec Oct 70% Dec Jan 23% Aug « A____.___ B 71 71 15 65 » Cable 8% July Oct 11% 520 160 32 695 13% Dec Dec 11% common Preferred Wire & 9 Va- Jan 7% 158% .100 July 63 50 8% 2.24 Mar Nov 9% 20 * Mortgage.. . 121 * ; Permanent Canada 63 93/4 * class A B Canadian Bakeries 24 24 50 18% Sep Oct Canadian Bank 4 Dee Canadian Breweries 44% Feb 10c, Jan 24 %c July 13% Feb 16 % Mar Jan 2.89 July Sep 2.45 Jan Nov New L' Canners • Aug 6 July 91 Feb 97 Dec 1,095 14 Dec 15% 8% 8 8% 2,055 5 441/3 44% 45% 342 Car • Celanese Jan 33 Apr 165 Nov 8.50 July 11 July Canadian Dredge 1.50 July Canadian 18% ♦ 25 12% • Foundry common 46 Tire May Dec Jan Alcohol Canadian 10 20 Canadian Feb Canadian Mar Canadian Canadian com • Oils Jan 17 Dec Jan 25% Dec 11% 13 275 45% 46 70c 8 1,525 30 12 80 24% 35% 17% 2401 73c 4,650. 70c . 975', ,; 150 12% 13% 11,877..!-. 22% 22% 15' 1.00 1.02 2,07o 150 13 % 47 Dec Jan 1 157% Nov Jan 23 % Dec 5 Jan 6% Dec 18 Anr 85c 133 Feb 17% * 25 Boxes Dec Dec !,60c 10u> 100 — Ry 12% 29 550 7 Dec Apr Jan 15 125 17 19 Jan 141% May 25- 21% 16% 1 preferred Pacific Wirebound 8% 22% 654 17% * Malartic 70 225 6% A.." Locomotive Oct 50 V Jan 17%C Aug , Industrial Sep Mar 17 21 17 Canadian 45 25 158% 158% * Nov Jan 18% 28% ...100 67c Aug 6%c Mar Preferred 22% 9 % May Jun common 40% 8% Mar Jun 18% 16% 20 & \ 24% • common preferred Canadian 5 10 14% ___• common preferred Canadian 50 14 • new 1st preferred: Conv 6 95% 14 » 100 Commerce Preferred Canadian 6 95% lu common Preferred 18 % 30 Sep . 9%c 18% 9c • Oct Sep 7 6.20 July v; Feb 38 43% Jan 13 Power_____ Sep 8% 3.55 19 50 58c Apr 22c High 350 17% common I8V2C Class v Low High 5.40 10% Malting Oct 60c Range for Year 1944 Low ..100 Northern 28c 21% Shares 12%' ... Canada 37%c 151 Sales for Week 5.20 5.40 IZ.i ... —.... B Class 1.31 35% Nov ___i Bread Canada 36c Jan 31 Dec isv2 Calmont Oils Mar 2% Nov # ; ... Camp Bird Mines 31 %c July 15% 12 Range 11% Canada -. 10 Ve Nov 14 July 22% Feb Feb Dec 144 Apr 18% 90c Dec July Dec ' . 14c Dec 11% Jan '28%c Apr . Castle 9% 4,010 1.62 Jan 2.000 8%c Jan 1.15 Sen Central Oct Central Porcupine Chesterville Larder Lake Gold Mines—1 1.75 1.56 1.75 63,320 Circle Bar Knitting.. 143^ 14% 14% 60 Apr 27 20 Sep 24% July 8% Nov 21 "Mar 24 Dec 25 180 49,450 22 Jan 27 July Oct 24 60c Dec '16,650 67c Dec 19 2.11 Sep Oct 8% Aug Trethewey Mines Dec 14% 9% 25% 1,280 71c Co "B" 8%c Jan 26 Jan Week's • 1.18 Aug 25 72c • Ltd Steel 34 Vac July 24V« 21% Mines.. Gold • Calgary «fe Edmonton Corp Ltd . 14% 8% & Class Mines Preferred _._._.100 Canada Foundry & Forging "A" * 10%c Dec 9V8 of Prices - Par Gold Products Burlington Last T.Saie Price Dec 11c 11% 5 8.05 July 3.20 9% May MARKETS ENDING JAN. 80c Dec 9% 35% Feb Oct 5% May 240 Canada Cement 7c 279 35% Dec 25c 9 34% Dec Dec Dec 20 150 101 % Jan Aug 18% 11% 102% 55c Mar 121 Jan 12% Sep 15 %c 44 Jan 11 11% Jan 5.75 May 75 33 Mar 58 %c 11,091 161 163 177 10c 10V4c 1,100 90c 90c 500 20 20 20 42c 48c 208,205 10 10 300 7% 9 r- 2,050 50 50 340 12c 13c 6,450 16c 16c 3,000 8% 24 __ Porcupine Mines, Ltd footnotes - 32% 33c Jan Jan 113 11% 84 229,120 —' WEEK ■ 11% 96 2,200 220 75 100 85 1.58 May 1.79 Mar Apr 89 1,500 2.05 5 • OH British 14c 1.82 0 Mines 14c 2.02 1.62 LISTED 32 8 137 Dec 14c ; 8" 3,500 355 163 Blue 3.65 85c 3.75 Nov 146% t 15c 7,000 20,000 32,500 41,600 1,210 15 32% .... 20c 14c % July 52% Jan Jan 1.10 20,500 1,110 110 400 75 14 % Gold Mining Biltmore Hats 78c 4 Apr 58 11,350 600 3.000 2,900 32,700 30c 34c 18c 18%c 41c 43c 80c High V Apr 7VzC Dec 500 14 % _* A 99 103 102 78c 7.75 10%cll%c 17% 17Va 28%. 28% — 4-. 4 42 42 42 14%cV 14%c 14%c 7;: 100 1 Berens River Mines... : ;_l Bertram & Sons ———5 Bidgood Kirkland Gold 1 Brothers Class 16% -~ Bell Telephone of Canada Belleterre 19c 17% new Bear Beatty 48% 49% 147 1914 Range for Year 2 Va Jun 17% Dec 159 12% 15 .... kkkkk:: kk'-kk- 27 44 1 common Buffilo 1,200 1,44. 3 50 23 ; 4 • LouS * Ajax Oil & Gas— Aldermac Copper Arjon 3 Dec Apr 12 Feb 12% May Dec 19 20 £2%! Friday High 100 • Wagner Electric "A" STOCKS— Shares . Sep 17% 13 126 17% 1 Sterling Aluminum common Sales for Week • 43 9 * com....-.* Nov Louis Pub Serv Funds Week's 11% Aug 24 Jan , 40 20 121% 121% 121% 10 common..— St Exchange Friday • Car Oct RANGE 1 100 44 * Dry Goods common.. Louis St CANADIAN Toronto Stock 18 Jan Jan 35% 77 17% 100 -1 4% Feb 14% Candy preferred 2% 1% May 650 18% 18% —____5 Brewing Duquesne 3% Dec 100 2% 40 k 20 Portland-Cement com... July 29 Va Sep 595 4% 4% 23 17% 18 25 Missouri " Columbia Gas & Electric common • Continental Commercial Corp com.__l commoh_L.-_i_._._._20 Steel 21 23 • 6% 7 30 282 39% —100 pfd common Dec Apr 6% 13 •_* High 24 Va 176 14% — com—* — Landis Machine common-— Range for Year 1944 Low 29% Ludlum Steel. Allegheny Shares High Low Par Laclede for Week of Prices ; Sale Price stocks— Brick Pressed International Shoe Sales . Brewing common % Jan Patricia Cochenour Cockshutt Coin Gold Willans Plow Gold Mines Commonwealth Petroleum Conduits National Coniagas Mines Co Ltd 26,550 13 1.57 July Jun 2.50 21c 1.72 14% 3.30 Jun May Feb Dec Sep 3.20 13 % 45c 13% 800 11% Feb 14 July 44c 47C 19,112 15%c Jan 51c Nov 41c _ Ltd_.______I__l 13c 3.05 " II HIIII 1 2.06 12 %c 2 Co Jan 2.10 1 « Lake 1.40 May 98c 1 Mines Mines 1.26 Aug 6% 1,36 6% 1.39 41c 6% 1.36 900 ^ 300 ^H00 29c .5 1.15 May May Jun 41c Dec 7 Sep 1.75 Aug THE COMMERCIAL & FINANCIAL CHRONICLE Number 4349 161 Volume LISTED MARKETS CANADIAN RANGE ; ! " v;' " v, A*■, "V''; ■' [y "• 1.50 15% Mines——— • Consol Bakeries of Canada J—' Mining Consolidated Smelting--—5 )_i——100 —* & < Toronto Consumers Gas Conwest Exploration 51 148% : ■, • ;..;4 Corrugated Paper Box preferred-'—100 : 4 ' >•; Cosmos Imperial Mills————~—* 23% Crow's Nest Pass Coal——-A'V Cub common Petroleum Davies 4c 44 26 18% 26 15% 8'A Mines—--——-——1 common-——• Dome Mines Ltd * Dominion Bank new 10 Dominion Foundries <fc Steel com • Dominion Malting common * Dominion Steel class B__—— —25 Dominion Stores * Dominion Tar & Chemical common—* Preferred— 100 Denison Nickel Seagrams Distillers —-* Crest East 4 —— 22c Electric Class Apr National Dec National Steel Car——:. 18c Oct Jan 1.25 > 5c Negus Dec 12% 28% 28% 140 — .' 23% 19'A Av;>r;: 23'A 19% 19% 2%c Aug 33 % Mar 42 31% July Nordon 50 24% Nov 17% Dec 19% Sep 21% Apr 26% Apr Normetal 90 13 'A Sep 15% Dec Northland Oct 9'/2 Jun Northern 14% Dec North Star Oil 13% Dec 7 3,312 475 9% 395 7% 10 104 Feb Jan 115 Apr 8% 1,257 3% 29,600 1.00 Dec 9c Jan 32c Sep A' 15c 7,000 31,350 7c 1.66 8,700 3,700 36c Jan > 2.70 Apr Oct 25 8 36 150 29 23 '%• 5% 23 23 6 20 19 69 3 12 6 ' 8 Nov Orange 2.17 Julv Jan 2.80 52% 51% 52'A 2,110 48'A Jan 60 % July 7c 2,000 4%c Jan 11 %c. Feb - 7C 12 Dec Pacalta 38% Oct Pacific 22 Jun Jan 5 Nov Page Feb 10 Sep Oils & 8c 1.20 5% 17c Apr 50c July 87c Jan 10c Oct 17c 1.19 1.30 22,925 45c Apr 1.29 Dec 5 5% 1,775 Jan 5% Nov 5% Dec 1.20 180 5% 2.37 48c 4 A 12,450 45c 1,350 36c 17c 32c Aug 53c Jan 16% 100 13% July 11 35 6% Jan 5 52 4% Aug 16% 11 10 5 5 , • Ltd— 12c 10c 12c 8,000 9c 52c 54c 9,500 40c 60c 500 45c Feb 101 102% 105 91 Jun Dec 5% Mar Aug 60c 16% 11 Dec 54c |_1 101 1.19 1.22 • - Jan Oct 25 %c Mar " * „ 24,400 • Mines 70c 26,800 • — *.50 Julv Oct 37c 34c —® - Sep 1.37 Jan 40c Oct 24c 25 %c 24%c Gold-—1 Cadillac Jan 6,200 5% ; Feb 38,500 2.28 * ; Porcupine 4%c Nov 70c 45c Refining Hersey Tubes 10,000 A 185 14c 14 %c 5% ———1 Pacific Petroleums Oil 7c 65c 2.28 ! Apr Jan 7c 65c 14'Ac j preferred—-. Crush Pandora Jan 5 — Ottawa Car & Aircraft Pamour Jan 1.89 ,_4 A; — Mines A Steel Products—:..- Ontario 160 59 %c 1,350 ♦ Omega July 27 41,700 • Mines O'Leary Malartic Mines Gold Mines Ltd Dec May 63 %c Aug Aug - 1.44 185 1.36 * Ltd common Gold Oils Dec 2.35 185 1 Corp Mines Preferred Okalta Dec 19% A 1.26 * Mining Canada O'Brien Dec Sep A;; 25 13% May • Norgold Mines Ltd Sep Jun ■ Sep 29 2.35 ,_1 200 ^ Sep 18 : 1,645 Dec 33c .13% Dec 1.31 —i: - Oil 1,625 1,260 Jan 27 % 61 • 2.35 100 ,A —.—A—A „— Noranda Mines Dec 9 % • A Jun 23% Dec +i . Jan Dec Mar 99c : Apr 46% 20c Oct 24c 5 -A Trust, Mines Nipissing Mines May 2,000 .2,360 13/2 5% 8 National July 18% 161 •■■■■■ 1 12c 70c Mar 700 rV ■ High 2.24 Seb 36c 50 • — 15VaC 574 23 60 22c 4 class A Pipe Co 17,550 1.75 May 12% A Sewer 62c 22c 12Va Co-common—A—" 12% Jun l,O0O 59% •• 'Preferred 730 20c 22 60 A low 2.02 53c 23 * Range for Year 1944 High 62c ..1 Grocers Low 17c- .* Power— Lac 90c Dec ' 5 36 — National & common May 34 60c 47c 13% ——-25 Heat Light Corp Dec 36 4 B Equitable Life Inc.— Moore Mosher Long Aug 39'/2 13% . A Trust————25 class A,— * Montreal Dec Shares - 1.99 — »_l Porcupine Oct 3,500 12c 2.36 57c Investment Moneta of Prices ■;.V' Par for Week Range ■ , Sale Price ' _• -i-^—L————1 — 24% 25,800 23c lie 2.26 Washing Machine—; English 1.05 12c 2.35 47c - 1 1 Mines Sullivan Easy Economic ' /, Oils May 21 50 July 2.84 July 95 Mar 84 400 149% Oct 90c Model 55% July Jan 128 10 ;■"/ 16 Oct Corp Mining 2.20 Julv Jun 38 Vz Jan V;,'-,:, 265 16 8% 14 % 13% 110% 8 1.19 22 %c 1 Oh Malartic Mines Eastern 7% 1.17 Co Mining Duquesne East 7% 1 Mines Donalda __ 14% 1 125 v 14 13 110% 13% - 109 770 79 4 23% 15% 8 -- . Dominion Woollens common— 12 12%c • 1.15 :;-15c ' 1-20 4; —— Delnite Mines '■ 20,700 12 15c 1.40 4c 4c 42% 44% 25% 26 % 18% 18% 25% 26% 12 —* Dairy Corp V : 1.33 3,630 r-v 23 38% 38% 65c 65c 65c ';<> Aircraft. ; 15% 51% 148 % 148 % 1.24 1.35 .-1.30 ^ t: \ ;v,:v;: High Low 1.50 1.50 15% , '.'Last •' STOCKS— Range for Year 1944 Shares Low' High Coriiaurum Sales ' for Week Range of Prices Week's 1'Friday Sales Friday •'%' Week's ; ;V ' V-V/East STOCKS-— 'f:.r}■' •'V Sale Price ... ' 5 FOR WEEK ENDING JAN. 5,461 1.25, 8c 10c 10 8c 10% 7c Aug 1.07 V Jan Nov 104 July 1.15 Mar 3,200 20c 70c Dec 1.50 July 14 %c July Mar ■ — 4.30 29 Famous 37% 3% 37 3% 37% 3% Shops——_—1 Grain common— * Fanny Federal Mining-.—--——--1 Kirkland Aircraft Fleet Co Gold Mines Exploration Frobisher Gatineau Power common 61c 8.50 —4 * , — — preferred. ——————100 preferred -.-100 Steel Wares common * Preferred **: 100 5% ■ — 104% 10% — 1 Giant Yellowknife Gold Mines Rights -w—— Gillies Lake-Porcupine Gold God's 1 —1 Mines Ltd- Lake Goldale Mine Golden Manitou 1 Goodfish Mining Co Goodyear Tire & Rubber common Preferred - - Lakes Great Vtc preferred ——.— 27% 28 common— Lime & Alabastine Mines-— Gypsum Elalliwcll Mines Co__ Bridge Hamilton Mines— 3c 3.10 — 3.35 7% — 1 -1 1 . 8% 5%c 6c Oil 5 Oil Homestead Gas——1 & Howey Gold Mines Hudson Bay Mining class Ltd Hunts Huron & Erie Dec 29 Dec Jan 14 Dec Feb 51 May 36 2%c 8,400 585 4,000 Apr 6% : 5c ;:V 7,100 JanNov, 2%c Jan 250 2.75 Jun! 4%dURb 65c Dec Oct 38,327 36c 50c 9,850 49c Dec 11c 1,000 9c July 18% 10%. 15% 1,260 820 10 Jan May 2.80 8,490 Sep 2,000 3%c Oct 36c 3,225 26c Apr 31 14,260 25% 85 25'% 85 25 10 15% 50 11% 15% 6%c Jun 3.85 Jan Dec 30c 30 15% Dec Dec 10 ' 9% 9%c Mar 7% Feb . July 6% Oct 3.05" 3.30 4c 4%c Aug 40c ■A, 4%c ! - 1.29 9c 47c 75c Jan Feb Jun Feb 64c Oct 15%c Dec 19% 13 Dec July 3.70 Mar 5c May 42c July Nov 26% Mar 32 11 Feb 22 72 Jan 86 Dec Jan 17 Aug Nov Preferred Inglis (John) Royalite Oil St Sheep Simpsons A of Mining Waite Jeilicoe J M Consol Mines Mining Shore Lake 21% 19% 10c 10c 22,000 5c Feb 1,000 3c Dec 6'Ac Jan 30c 3c 30c 2,375 23c Jan 41c Jun 5'Ac 6c 6,500 4%c Jun 8c Aug l%c Jan 6%c July 14 Jan 20 Nov 12% Nov v; 30c 6c.' 1 3%c 3%c 18% 4c 18%'- 2,601 18% 11% 11% 11% y 2,550 1 05 1.00 1.05 2.35 1.40 1.40 2.40 1.50 Mines.-—; — 17% 17% 17% —4, 6.25 6.15 6.25 16 > 15% Lang & Sons_.__ Candy— Laura Secord Lebel Mines——1 Gold Cadillac Lapa Mines Oro Little class Groceterias Class "B" —* —- Ltd Mines, Red Lake Malartic: Gold Man & ._1 Fields Massey-Harris 3.40 Elevators common Preferred —_s Frontenac Oil Mclntyre J'orcupine McKenzie McLellan Gold Mercury . Gold Mills 2,840 7,175 10 8c 60 25 60 1 4%c 4%c 3,330 see 17c. 24%c " • Gas page 139. . 13%, 20'/2C 16c. 17c 24c24'/2c v . 3.40 ,;Vv 2.12 May 2.95 2.42 21% 29 29 120 19% Jan 29% Julv 4,000 2% Sep 5c Jun Jan 4.45 Sep 3.40 Jun Feb Jun 3c 4.487 25,300 17% 1.04 17% 18 475 1.04 1.12 3,850 90c Jun 68c 68c 72c 6,954 65c Oct 13 13 13 5 10 Apr 15 Oct 10% Apr 10 Dec Jan 51 10 10'A 48% 45 35% 35 36 105 115 8% 25 200 105 50c 13% May 95 48 Dec 30c 1.975 12 . 18 92c 42c Dec 115% Jan Apr Sep July Dec 38 Apr 105% Jan Dee 1.10 Dec 1.25 July 66c 64c 67c 55c 55c 55c 3,550 46c 77c Jan, 4 3c 3c 3c 2,000 2%c Dec 5c Mar 1.34 "A 1.25 1.35 15,100 65c Jan 1.70 Jun 28 30 4 4 4 4 275 2% Jan 5 8 8 475 5% Jan 8% May 70 110 com 4 " 4 69 70 — 2.40 2.74 • 61 2.04 50,730 30% Nov 77 Jan Nov July 70 Jan 68% 2.75 Oct Feb 19 200 75 75 25 II,837 Jun 4.40 Aug Jan — A-' 21c 1.56 2,120 2.70 6,120 21c * 1.55 16% 3.50 4 4 52c 55c 29 12% _1 28c 24 %c. 28c 1.60 class 28 28% — - Oils United United 25% Apr 28% 32% Jan 48 10c 9%C 10c 1,000 4% 4% 4%' 1,175 3 % Sep 6,770 1.96 Jan 22,369 6.00 . Ltd com Gold Mines Preferred New Flour Mills com Grocers Ltd Westerns 4.85 5.037 4.50 Jan 74 785 57% Feb 21% 415 20% Mar 1.25 1.30 72,750 60c Aug 1.44 1.20 1.15 1.23 7,100 80c Oct 7% 7% 50 95 95 87 95 Old common - Electric 1 —4 common Preferred 100 ; & James pfd 145 15% 15%. 18% 18% 18% 105% £9% —j Wiltsey-Coghlan Mines Alexander 4 A ——100 preferred preferred Winnipeg 4 ' 100 8%C 78 'AA, 10c 6% 7% 68% 110 A-vA Nov Dec 2.00 Sep 7% Dec 75 Jan £5 % Dec 39 % Nov 42 Dec 121% Jan 147 Nov 16% 11% Mar Dec 20% Nov 230 15 Jan 205 : 104 Feb 108 Dec 100% Jan 20c 99 % 205 •VV- 99% 8',4c 7% July 4% July ioo r 105% 105% 99% 5.45 78 22% Nov 45 145 — _A __..100 — Oct Jan, 140 42 42 preferred— Products-—— New 4 %'Jo Wood 4.65 21% preferred Western Western Steel 19c 1.26 100 _— Dec 13% July Aug 73% 4 Dec Nov 5% July 2.96 Jan 6c 1,158,200 Dec Dec 12c Jun 74 1 Canada 4%c 6% 4.85 1 Malartic West Western 15% Feb A 21% • 4' A 2.51 12 12c 19 %c 19 %c * Worts 2.44 2.48 14% 1 Oils Lake Wasa 9% 10 • Preferred Jan 55 5 Dec Nov 10 8% Mar 6% 1.78 105 1 & Mar 45 Ventures, Ltd. Mines, 40c 5% Upper Canada Mines Ltd Waite-Amulet Aug 45 4 A Steel Vermilata Dec 35c l!: 57A 28 * - Walker-Gooderham Nov 13 30 50 ____ —AA »Jun. Jan Mar 120 8% Sep 4.00 July* 79c Jun 8% 960 11 11 8% July 1.94 July- 17 Apr-- 15c ; . 2.90 July Aug 24 166,200 27c > v 25 —4 "A"—— A class 30 191 Oct Apr Nov 3.20 38c 5,100 1.85 8% 15 20 1,835 A May 1.25 A 1.96 22,233 29%. 11 ? , I 42%. 29 1.79 •',.■■■' — ,' ' 3.55 51c ' Class B 16%. A ,16% 3.50 4 common— 15c 2,200 1.55 2.45 A" ,._1 4c 17,000 A A; 5 6,819 1,031 78 ' Sep 60% 86 10 110 Jan May ■ Sep Dec Mays 7% Mar 69% Oct Dec 110 4,085 2.95 Jan 4.50 Julys BONDS— Uchi • Gold ' 3.45 3.45 3.50 4 10 10 10 35% Mines Knitting Mills.common 270 6% Jan 10% Dec 35'A Jun 35 Dec 4.25 ■ Mines 3c Aug .5% jApr .4-%c .Apr 12.% Feb 9% 2.35iOct .. - 7% 11c Toronto Stock Exchange-Curb Dec July ranadian Jun Jan 22'A Apr 9% Jun 5c Jun 8c Friday Dec 6% 13,500 55 V2 May 1.34 May 3%c Aug 8,580 12c 5,300 15c 13% 13% 22c 294,500 Sep Mar 63 1.80 7%c 55c 14c 14 Dec 59c Last STOCKS— Dec Sale Price Par July Nov Nov Apr 40%c Julv Jan 685 17c 29 $2,000 Jun -IVaC..Apr . ,._v- 2,055' '"->'19% 6,495 'A Sep 1,200 , Oct Sep Jan Hq 1.60 1,572: • 5c —1 —* footnotes ; Gold & 4.50 July ... 500 1.55 Mines Oil Jan 22% 8c 1.44 - Dec 8% 1.49 Lake 1.09 21V4 8c 1 Mines Red Mid-Continental For s, Oct 22 % * -5 Mines Lake Red McMarmac McWfltters Mines ; 58c 18 Nov 8% * common McDougall Segur Exploration^ Sep 26 % 3,500. .- " McColl 28'A Jan 635 35c • York Feb 22'A 20 Aug 4.25 common. Wrlphf-Hargrrefn'oo '21% 70 19% 16 31c City Rapid Transit common--—4 Sep Jan 9 • .—20 8c. Twin 1.60 90c Sep A—4 i Materials Union Gas Co Jan Nov 14% 4 Towagmac Exploration July 12% 8%c 9y8 8'/2C Apr 470 1 Thompson-Lund Mark Gold Mines 1.45 8,050 2c 12 15c 15% 4 Tip Top Tailors common- 6%c 2,620 • 3.50 2c 12 1 !_ — 3.35 • Jan 15 29 * 1' 17 11,500 2.30 * Milling Co common—. Mnralgo Mines 2.35 Nov 21c 52c 100 common™ Apr 11,800 3.90 2.17 6.75 July 16% Apr May * Teck-HUghes Gold Mines Jan ... 93c 2.25 •: 20% July Jun 670 26% 89c Jan May 7c 35c 20 Tamblyn Ltd Jan 1.03 11,000 1.35 27% 2.26 2.25 ■ 1 ,'i-i Mines. Eastern Maple Leaf 3.90 1 Mines— • Jun 2.75 July 6,500 14,000 1 2c 6,870 3.85 90c 1.20 Julv 3.50 Jan Dec 12c 44c — Sylvanite Gold Mines— 13% 2,000 1.21 27 24c May 30 12c 40c ' 440 16% 1.23 Jan Jan Apr 23 64c i Mines-. 6'/2c 4%c- 25% __ 26% 5.70 14 35'A July 23 Oct Dec Jan 4.20 ; & 4,100 1.15 1.30 . • 1 Gold 16 14l/a 35 325 4%c — Jan 1.51 May 80c 420 9%cT0V2cA • 1.18 —r;.——1- MacLeod-Cocxsr.utt Gold Mines Madsen ■ 1 • Goldiields Louvicourt Macassa A - — 16 A — Long Lac Gold .Mines Ltd Loblaw " 3 —_— — Ltd. Leitch Gold Mines. 90c 3,300 • May 8.75 May 6,100 1 Ltd Mines. Gold y 10,252 2.40 i Exploration & 20 —1 Lake Lake Dufault Mines Ltd Lamaque 28 3c 1 Kirkland Labrador Dec 120 * — —l— 24'A July 106% 2,192 31% 1 Gold Mines Gold Apr Jan 2,125 10c ,.1 Co Keri-nddison May 4 ,21% 32 % 21% i ; 15 Jun 106 32% 105% >; 105% 1 , 750 24% 1.00 11 %c 10 1.36 Jan 75 12c 1 Corp Feb Nov 60c 43c Cons Fuel 54'/2c 44c 50c River Gold Mines.A Mines i Sturgeon United 8,750 30' Nov Sep May 2%c ; Iron Steep Rock Sullivan United 99 1 Mines Kelvinator 23% • — — Mines Jason 8' 75c 24 100 Petroleum International Jack 8 71c 30 Nov 2.92 July 11% 4 — Oct July 30c 15 1 Canada 13% July 7% 25c I,000 Jan 8.25 May 32c —- Preferred Jan 9 5,000 45c Jan 320 4.25 A Chemical Paving 10% Sep 33c 45c 6% 2.32 : 1 Mines Radio 19% Jan 32c 1 1 10 4 Mines.: Standard Co 11% 33c 25 6,900 • Feb 1.65 July Mar 89c 3,300 Petroleum,.:——.. Standard Steel 2.50 11% 30 4.50 Aug * Sturgeon Standard 14% 2.45 11% 4 End Springer 14% 2.50 - 3.05 July 1 »—_A. Malartic South 14% 22c common A Gold Siscoe 2,960 21c B Preferred Sladen 1.25 A_ Mines class Ltd Class 1.15 73.570 - 15% July 7 Jun 5% 1,690 1 Mines— Gold 'Preferred Apr 6'/2 Feb 7% Jan A 2.08 May 8 1.38 ■ Dairies Oct 5 1.64 Nov 1.35 July Mar 1.84 7 1.20 Mines Ltd Gold Creek Sherritt-Gordon 12% .600 „ 1.73 Oct 10 Shawinigan Water & Power 630 .. Nov 70c 1.30 Mines— San Antonio Gold 17% 13 — common Gold Anthony A Senator Rouyn. Ltd 125 7% 75c International Nickel Co common——• Jacola Mines 7% 90c 500 4 t Inc_ Co Russell Industries Toronto Sep 800 81c 1 "A"- Mines Bank new Royal • 4,450 187/s* 14 13% 12% ; 4 I — — 18% . 7% 6 1 — — Inspiration Min & Devel ; International Metals common A Preferred — 13% 13 £1 — _ : 98c 81c _1 — ; Transcontinental Resources Imperial Bank of Canada new—'— —10 Imperial Oil — * Imperial Tobacco of Canada ord.narv.5 4.60 98c __4 class Mills Long Lac Silverwood i;y;,4%'Dct: 8,100 *v Dec 15c Jan 17 c 20,000 260 Jan 29% 5% 50 5,420 Aug 6% 11%. Jan 50 6c 3%c 3.35 7% 12 %C 20 25 8% Dec Feb 24'/2C 85 • 125 50'/a 13c 26c 57 Sep 3% May 6%c 40 ;' 101 52% Mar 5,500 2,500 — lnft 100 — 100 Feb 18 31 B._—— 84% 15,500 30c * 4 common—---—.—— paid 20% —1 — & Smelting— 25 11c 3.30 4VaC — — Aug 6c 10% Home 7c 4.35 83c 7% 1.25 1 AAA Dec 98c 4 ; Rouyn Merger Gold Dec l'Ac July Mines 5% , 2,600 4,900. 16,810 1 Mines— Silk Roche Jun 1.12 1 1 — Riverside ■ 4 Dec 58 4.50 4 Mines Mining 95 Oct %c Juiv 2.65 >' __ America Gold AAV 5% May 10c 44 1.06 1 Co — Quemont 18%c July, 93c of Queenston Gold Jun Dec 5% Jan 2.40 1.12 2.65 C Quebec Gold Mining—A—AAA. Aug, 86c 75c Hhide & Dauch. Paper—— Highwood-Sarcee Oils \JJ%01ar 5 _1 of B Dome Proprietary Apr 43c East Purdy Mica ■ Dec 38c 58% 1 Gold Metals Preston Oct 8c Nov Jun 6c 49c Holllnger Consolidated Gold Mines 15c 6% 49c >>: — 1, * 3%c 16'Ac May \ 28c31%c 54%c 61c 58c 1 !— 57c 13c 58% Dec 9 Jan 50 4,500 Dec 28c ; 9 3%c / 126,910 1 Gold Mining Pressed Nov 10% July Jan 5c 73c 73c 6c 29c 105 Dec 43c 6% -- ! Hasaga Mines — Heath Gold Mines 8% * Harding Carpets — — Hard Rock Go'd MinesHarker Gold Mines Harricana Gold 13c 25c 1 .—--—1 ———4 Mines— Gold Hallnor ,— 4 1- 1 Halcrow Bwayze 14 50% 11c 22%c — - , Aug 13,000 28 14 * Preferred —-—50 Grull Wihksne Gold Mines—1 Gunnar Gold Mines Ltd -1 Saddlery West Great Dec 1.99 Mar 6c 43c —• Corporation of Canada Premier 17% Aug 16,500 T: 28 28 Power Dec 100 % 8,300 55% 55% 11c ll%c 5% 5% * —— — 100 103 6,750 7,500 ' * .— Jan Nov Feb 84 15,045 89c 5% 27% Apr 6c 37c —A-4 : Mines Mines Rouyn 6c 41 %c Voting trust certificates— Dec 92 2,116 — vtc common—:—• 8'A 11% Gold Powell 8.20 July Oct 1 Mines Gold 200 1 Mines common— Gold Pioneer Sen 11% 15 Perron Apr 80c Ltd Pickle-Crow Feb 26% Gold 10% Bol 1 •. Peoples Credit Securities Jan Apr 4.70 15 1,100 4 Oct Malartic Penmans 7%c July Jan -A r 112 4c 7C 93% 94% 4 Paper Preferred .— —— 2% S V 10 : 88 23 % 1,500 55% * —50 — 322 3%c 30c 21c21%c 10c 10 %c 85C Jan Oct Co_. Paymaster Cons Mines Ltd Aug 5% 33c 14,050 29c 7c 23 % ■ 60 1,974 3%c 87c 38% Nov 4%c Jan ■ 2,540 -- .U_- Grandoro Mines 5,900 — 1 1 ~L Mining Gate 180 64c 8.50 11 2% Oil Partanen Sep Sep Jan 27 4,000 21c ' 10c —" , — Golden 70c 10%c —- Ltd Mines Gold Glenora 67 6%c 4 25% 17 17 104% 104% 9.25 11 65c 70c 10c 11c — 28 : 99 99% 103 % 103% — 5%% General 510 61c 7.65 10% 3% 25% " — 6.00 3.10 Apr 23% Mar : 2,700 65 — * * — class A Canada of Francoeur ;V'■ 10 6c 3% 24% 67 —A;—100 —i Preferred Federal Ford ;——4 {y\ Players — Farmer Candv 4,425 4.75 29 4.75 Falconbridge Nickel Mines———• Pantepec Nov May Beath British & Son Columbia Preferred Brown class Co A 4 Pulp - & -. ___. common Preferred Canadian & Dominion Paper — L SugarJ Range 8% 35 100 131 1 4 '■ of Prices corn- 100 Sales Week's Low 8% Section F«»»<!•. for Week Shares Range for Year 1914 8% 35 131' *»«•»"> T.cik Hinh '■.V- 45 100 10 2.50 2.25 2.60 10,998 50% 45% 50% 1,806 25% 25% 110 5% Jan 12% May 14% May 38 Dec May 140 Dec 80 1.40 July 2.45 July 28% Apr 44% Dec 22 Oct 24% Dec Monday, January 8, 1945 tHE COMMERCIAL & FINANCIAL CHRONICLE 138 LISTED MARKETS CANADIAN FOR WEEK ENDING RANGE Low Par Canada 2 Copper 5 ; .2 * Press A 200 65c 9 13% —.... Vz So 2%c Jul.v 105 common .... • ■ Feb 9 Vz Dec St. Dec - Shawinigan 13% Lawrence Paper preferred Sherwin — • com.. - Shoe International —:— Lake 1 _ 1 . _ — Jan 20 Steel Dec United May 27 Dec Wabasso Sep 13 Dec Walker Jun 50 Jun 15 July Jan 49c 45 common Preferred July 12 25 1.000 Weston Old Jan * (Geo) 1.10 1.35 1.50 43 43 35 7% 7% 8 16,500 10,103 '1.72 Sep 20 215 Jun 11% Dec 195 63 Feb 69 Va Aug 76 60 69 Jan 76 Jun 4% 59 105 74 50 8% 3% 825 - 5 % July Dec Dec 59% 50 Jan 57% Feb 77 Nov Jan 22% Nov 20% 200 21% 21% 100 100 10 100 Dec 100% 105% 105% 70 103 Feb 130 10,943 5 Sep 7% Mar 549 62 Jan 69 Va Oct 48% Sep 50% Feb 1 c — < •! — ■ . ... Z: 7% :-<Z 6 % • 75 — . 78 ' Notes 49% 49% — Dec Jun d-V V>Z'V";/ ' Z/vy, vVV Power 108 320 70 59 ; Bonds— May Dec 4% ■. ... Preferred Montreal Aug Dec 11%- Mar lie Sep Nov 24 Jin 74'A ... __ Winnipeg Electric common Apr Dec 43 Mar 7c 115 25 115% Vz 22% 25 ' . preferred new preferred 21 •: 11 * W Dec 74 Corp & 22% 70 — • G Feb 415 23 105 * iAii. Cotton (Hiram) Oct Dec 15 23% ■ Oct 65 18% 70 23 common • —' ■ Mining 24% Apr 13% May '25 23% .25 Steel Apr 15c 70 70 25c Sep 46% 755 >■ 22 Apr 3,029 i . • Canaaa of Preferred 10 6,615 13'A Co. — ...*44... .100 Southern Canada Power 18 15'A 80 26% 25c •" — 1.46 ord— Supertest Petroleum Temiskaming 19 Simpsons Feb 1.45 Jun 14 850 24 % 70 13 y4 13% : _ Oreille Mines Pend Sep preferred Dec Aug 12 Oct; 13 5 20 13% 12 Ye 70 100 Silknit preferred 26 26% 13% — Scrip 23% 24% 100 Paper Ontario & 9% 1.01 50 16 20 —L. 15 Langley's preferred Osisko 600 100 Paper Ontario 795 1.40 : 13 T8 V — — .. Preferred ... ... Humberstone Minnesota UTa 1.35 Breweries Sicks Jan Dec 11% 16 Steel Haves 18 .,,'31 1.40 Gas & Feb Jan 31% 11% * * Oil 12 la 24% 15 30% — Donnacona Foothills 140 165 /•'A: 15 31 % * Bridge Co Dominion •; Dec 3% July 2% Mar 95 1 . 62% , 25 . — • * • Steel preferred Disher 510 3 17% High 105% Feb 100 .54 •. 19 % 58% -100 • Water & Pow<r Williams of Canada 7/a 2 Y 105 / 18% ■>;: preferred A 1.40 Jan 7 Corp Lawrence- Class Low .100 Saguenay Power preferred Dec LOW High Par : ' ' V::; ' ■; Dec 5% 120 ' Jan 75c 4,755 13% 12 % Apr 1944 Range for Year Shares of Prices Sale Price High 1.80 May 400 70c 8% 9% Consolidated Paper Consolidated 2 8% Sales for Week .. Low 75 , , Range for Year 1944 11% 70c • .. Range Last, •, '• High 11% Vinegars Canadian Marconi Co Coast Shares of Prices Sale Price STOCKS— .... Week's'. Friday 8T0CKS- for Week ;Range'. Last JAN. 5 Sales Week's Friday $10,000 ;;:v, ■n Montreal Stock Exchange Canadian Montreal Sales Last Range for Week Sale Price of Prices Shares Friday STOCKS— Par High * 9% 9% ..,100 Agnew-Surpass Shoe common—_——_* 91 91 10 20% 200 50 " 6 Glove Works Ltd common.. preferred % Preferred Bell 89 Jan. 102 103 280 85 Sep 101% 101% 102 210 96% Jan 102 47 Jan 50 * 855 13% 163 163 123 23% 6,381 21% 300 •A'-. 2% ... 2% 11% 1,105 14% Oct 15% Sep July 20 Vz 20% May 9% 9% 395 20 6% 21 ,. j 9% ; Dec Dec 103% May 119 18 Anr 21 Jan 5 Aug 9 Jan 120 8% Jan 3,928 ' tw: •; . ■ • 11% 12 980 9% Apr 12% Feb 40 40 225 31% Jan 40Vz • 8% 2,675 46 130 39 39 375 11% 26% common * 25 • * — Dominion Tar & Chemical common common _ * .......—1 Enamel & Heating Products.— * English Electric class B —_* Wares Preferred 143 Dec Oct 8 Aug 20 Mar 24 2.55 23,064 50 % 2; 467 25% 26 1,235 1.55 31 45 Dec Djc Jan 25% 73 Nov 100 % 15 Jan Dec Mav 166 Aug Jun 174 Jan 25 160 160 160 121 I/O 170 170 13 62 F2 62 50 60 May 85 2 59 Jan 2% 475 1.00 Ltd com * 2% —__* 7 ' 145 ' 167% - Dec 24 21 2 Dec 2.40 Julv Apr May 20 91 100 100% 85 ■ v.-'Wr 6% 39 Vz Nov Apr 12 Dec 7 735 ! 27% Oct 26 5 Va Feb Jan 5 Oct 6y2 July 61% May Dec 85 4 875 52 61% 375 40 14 July Consolidated Div Sec Jan Jan 55% July 775 33 Vz 39 27% Jan 33 Dec 44% 2,270 33% Feb 31V* 340 23% Jan 31 Julv 12% 390 11% Oct 14 Jan 990 11 30 225 26% 8 8% 1,025 4,816 14 4Va Mar 27% Dec Apr 26 % July 7 Apr 140 9% 1,080 13 310 7% 8 125 13 Vo Apr 74 6% May 8 May 4% Jan 5% 71/2 315 3 Vz 20% 105 14% Apr 8% Jan 11 565 99% V 175 104 104 17 17% 15 9% July Jan 68 72'/a 9 Dec Apr 22 8 13 10% 17% 1,900 Jan Jan 85 Jan 93 100 104 11% Mar Aug 100 55 40 6% 1,665 111 111 10 35c 45c 3,356 Preferred 44"% 3% 6% ....——5 preferred Consolidated Paper Corp Ltd —i 5UC • * Dec •i Jan 12 60c Sep Dc-C 3% July Dec 50c 9% Jan Dec 55c 7%' May Jan Jan 5% 300 '60c 6% • Aug 6% 5,084 60c Aug Sep 15c loo 9% Jon 2% Jan 375 6% ouc : 9% Jun 57 Mar IZ y?; 51; 9 "A"—:—i——* 67% Feb 10c 730 49 A 3% 48 «—;—* ——— Jan Jan 2 5 111 Dec Feb Cub Aircraft Frere Limitee 30' Dec 100 Apr Ford Sep Fraser 1,008 3% 2,684 7% Aor 5 2% 2% 2% &>■ 175 25% 25% £81 23% 37% 3 6 Vz 37% 7j4 20 Nov Nov 16%: Nov Dec Lake St John Paper & Power— — Dec i 1 5% 60 2% Jan 6 27% 943 19% Aug 28 2% Feb 16Vz Jan 24 270 18 Jan 24% 12% 12% 2,815 5% May 13% 16% 16% 97 Dfd..!—10i» 22% 22% 22% 9 Va 9% 9% 13% 12% 13% 25 25 60 109 109 62 100 99 '100 110 39 35 39 815 Dec Melchers May 7% Hollinger Gold Mines 10% 35 10 Jun Howard Smith • 22% 23 3,400 13% Jan Jan 10 Va Dec Sen 13 Dec Oct 20% Jan 60% Dec lOVa Dec 20 25 9% 5 Dec Y 22% 46% 500 60 Apr 7,195 Dec Nov Apr 19% Jan 5,700 Massey-Harris 200 7% Dec 17 15% 36 Jan 9 7 Aug 25 ?.\, |13 Distilleries Limited pfd—,_10 6% 4% 5 25 640 8% Dec • V Dec 24% 5 12% * / 25 Maple Leaf Milling Co Ltd common—* Maritime Teleg and Tel Co Ltd—.—10 • J it.'i 26% 38 24% MacLaren Power & * 5 Apr Jan 4% July ■■ 25 Dec Nov Jan 24 % * • Aug Paper Co__L__ Mav 4 Jan 26% 26% > Feb 3% 4 5'% Utilities Coru com.:—* Investment Foundation Ltd common..* 1,400 Dec 3 Va 11 175 4 A',, International 105 Vz 3 3% 25% 5 17% •%; 4 3% * Limited Companies. Dec ' 8 Sep 2 —_* Motor of Canada Ltd A Dec 8% Feb 11% (Charles) Gurd common ... Lime & Alabastine Gyo-.um. Hamilton Bridge . Paper common— Tobacco of Can -International Bronze 12% Apr 15% July 425 10 Vz Jan 13% July Power W) Jan Jan 30 Vz Dec Apr 35 Va Jun 22% Jan United 33 Dec United 38 106 Mar 115 Dec United Securities 100 23 Jan Auz Western "• 21% 21% 1,285 * 108% 109% • . 26 26 * 100 * 16 16 65% ... 100 13 Jan 16'A Jan 65 65 2,390 8 Feb 9% Jun 10 4,656 6% Oct 9'A Jun 25% 135 Jan 27% Jun 132 5 126 % 2,814 18% 132" % 23 Car Dec 29 Dec Dec 40 % May 46 Sep 2,630 13% Jan 19 5 15% Jan 26 July Julv 44 44 30 _*_• 19% 19% 23 23 Aircraft % *8% Jan 60 195 23% Feb 27% 52% 27% 16 17 225 * common. Jan 35 19% 33 775 51% _* 5% 5% 60 • Products Ontario Steel 3 27% Noranda Mines Ltd 'Ogilvie Flour Mills common. Dec 40 750 *' 23% 40 90 40 ... Apr Nov 135 Sep 40 28 % 40 Corp Niagara Wire Weaving Jan ' Jan 40 40 100 16 • 13%• Jan 4y4 Feb 17 Dec Dec Jun 5% Mar 28 Dec 9 Mar ..." 28 % 28% 70 24 Feb Power com..100 8% 11 2,125 7 Jan 100 99 99 50 86 Jan 98 Dec Page-Hersey Tubes • 102 102 25 93 % July 103 Det^ Penmans * 58 58 10 49 60 Nov 1 12% 11% Apr Jan 15'A Jun 5% Jun Ottawa Electric Rys Ottawa Light Heat & Preferred Placer 5% Corp Bros & Co Ltd common 10 7 8 3,280 • 35% 35Y4 1,275 19 100 % 100 Vz 60 93 Jan 101 9 % 75 8 Jun 10 Dec 15% 15% 340 12 May 15% Dec 11% 11% 50 9 Jan 104% 104% 5 99 Jan 100 preferred Transport Provincial Quebec Rolland • Power Paper For • common ! Preferred footnotes see page —100 139. Jan 8 36% 12 105 39 Apr. July 43 Dec Dec 98 Sep 6 Dec 90 20 50 5 21 103 22 Mar . ■; Sep 106% May 13 25 200 30c May 5% 43 U.% 17 4 4 '17c 2,674 10 10 17 - 2% Mar Nov Feb 10 Apr' 17% July 4 Jan • 5% July 2 Jun P5 95 95 30 78 Aug 95 Dec 29 Va 29% 29% 75 27% Jun 30 July 18c 19c 6,600 15c Jan 31c July 42c 42c 100 39c Oct 69c Aug 71c Sep 25 4 4 Limited.———10 preferred—. - Canada Flour Mar — Mines— /:■ Copper Aldermac Mines Aubelle 10c Corp Ltd—.— „; —...——%——1 Jun Dec / .. J-M Lak^ • Siscoe Gold —1 Stadacoma Mines 1 Ltd 66 8c , 17% 17% 4c, ; 3%c •' 4c Jan 4,500 2 %c Jan1 2,000 l%c Jan " 1.25 . J Jan 18c May 15% Feb 20 % July 98c 80c Apr 1.30 Julv Dec 1-08 1.38 Jan 4.35 Julv 900 1.18 Apr 1.50 July Jan 5.20 Dec Apr 4.25 Aug Jan 9c Jan. 1.32 200 '92C 1,500 2.20 100 1.25 . 5.40 200 3.40 4.50 100 2.10 7c 3,500 11'A ••• 60c 61c July 4 V'ac 7c 606* July 6c 10 5.40 11% 9c 4,184 4.50 "• .:. , 8c 92c 1.32 y. 15 %c July 17% 1.25 ' Dec 2.60 July . 2.20 ■ 61c, —— 800 4c Gold Mines Goldfields — (Quebec) Ltd 6c 1.00 1.10 May 100 3%c Little Long Lac Sigma Mines 1.95 .'t Consolidated Gold Mines Ltd.—1 Gold Rand Ltd ——,—1 Shore Mines Ltd —1 Ltd—,——* * O'Brien Gold Mines Ltd..-. — —,-1 Pamour Porcupine Mines Ltd..— * Pato Cons Gold Dredging Ltd— 1 Pioneer Gold Mines of B C— —1 Red Crest Gold Mines Ltd! —— * 1.95 6c __ Kirkland Louvicourt 2,500,:': 80c 82 %c " Gold Mines——1 Bear Exploration Bouscadillac Gold Mines Ltd.—1 Central Cadillac Gold Mines Ltd.—__1 Aumaque Aug 9 % of Canada 12% * Development Power Price common May Jan Dec 107 22 22 Clay Manufacture Woods 100 91% 20 Jan 5 9% 28 ; common Preferred Steel Nov 65% ——25 Breweries 26 V7 July " Soutlunnunt Standard Dec Dec 109 32% v 6% 107 Southern Canada Pwr Dec Dec 275 • Tramways National 24% 101 8"% 22 Telegraph Montreal Apr Jan 25% * Montreal Lt Ht & Power Cons Montreal 14% 76 9 % Montreal Cottons preferred Ottawa Car Apr Jan 19 , (Robert! National 19% 5,699 101 107% July 94 6% 20 24 % 7% 10 805 40% ' 94 Bridge Company Ltd.:—— 820 32% 101 39% 94 6% cum ptd__100 Investment Products Limited...100 Corporations "B'-'_—— Distillers of Canada Ltd—— 32 23% Massey-Harris Mitchell Sarnia 12 22 28 * common common Oil Nov 105 15 (John A)_; preferred—— McColl-Frontenac 18% 40 Quebec Pulp & Paper pr Reliance Grain Co Ltd preferred— 18 _. Ltd— ———* Nova Scotia L & P 6% cum pfd—.100 Power Corp of Can 6% cum 1st pfd.100 6V0 N C part 2nd preferred— 50 Corporation Sep 30 65 Ontario & Minnesota 27 18 .100 Woods Mar 21 30 common Lang & Sons Ltd (C 300 25% 963 Preferred Lindsay July 32 25 2,335 25 j International Petroleum Co Ltd tne Moore 13 —.100 Paper Preferred of Dec 31 Int Nickel of Canada common., Lake Dec 112 13°/4 : International 22% Paper— * Montreal Refrig & Stor 1st cum pfd—* 13 24% 5'^ Jun 31 26% Mar Ltd Co 13 —* common Preferred International 106% Mar 8 13 V2 common._.5 Acceptance Corp common—" Industrial 6% * Imperial Oil Ltd fmnerial 7% Mar —* Bay Mining Hudson f -r as 110"- 110"- 100 Preferred 50 6% 4c 10% Dec Apr 11% Mar l.mo 4°c Mar 1.25 JIUV 61c 4,300 56c Dec 71c 1,000 1,*00 550 260 11% 65c' 200 74 %c Dec — Oils- Calgary & Edmonton Corporation Davies Petroleums Ltd Oil Dec Home Nov Royalite Co Ltd..—.— Oil Company Limited Ltd.* * ——* * 71c 71c 15c 14%c 15c 3.30 3.15 3.30 20% 20% 20 . Nov 5% 3'A Feb 50 8 11% 21 103 / 5 11% Feb Jun 33 39 % * 5 7% Hydro-Electric Securities Corporation.* International Paints (Can) Ltd A * 100 Jan Jan —.—* Ltd Aircraft Fleet Dec 24 *28% • Aircraft Limited.— Fairchild * 7% Ltd Co Paper Doumirnna 110 505 30 38 18% Jan 16 100 18 30 38 Dominion Engineering 9% Dec 18 "A"__Z.___—f: Works Ltd. 4 Dominion Oinuolh Linoleum —• Dominion Square Corp— —* Dominion Woollens common———* David & 14 % 7 Corp Ltd.— ' 460 55 6% Apg 7 Oct 47% 55 6% 8% % May Dec 31 26% - Mar 70c May 4 General Advert Ltd..—_* 14 Jan 11% 12 Vz 103% 75 6% v./";7.- Commercial Alcohols Ltd common 10% 745 51 Neon Dec Jul.v 42% • 7 6% 60 —1 —100 " Dec Dec 4,077 > 7% 50c 30c 6% Limited common— preferred i : 2% Mar 1.85 Jan 1 7 Vo Claude , 30c common..: 7 17% 42 72 % Vickers Ltd Canadian 18 Y 130 13 12% ——_ Cassidy's 15 13 Vz preferred 5Vo Dec 99 „, Jan Canadian Power & Paper Inv Dec 7"'"360 12 % 33 Dec » 47 17%-f 131/4 49 Jun 45 V4 Jan 32% 150 : , 6V2 17*8 8% Jan 5% 41 29 10% : Jan 6 24% pfd__100 Inter Inv Trust 5% Canadian Jan -—* —* common 60 21 * Canadian Industries Ltd class "B"—* I'/c cum preferred j ; 100 Canadian Ingersoll Rand. —50 Nov 55 45 Ltd.. Jan 20% 5% r/c preferred Canadian Dredge & Dock Co High• 4% July 52% 439 . 640 100 100 36 ____.__._100 — pfd Apr 2.30 26 .—* Co 7% 25 ...100 preferred Sugar Power 20 v 6% Corp Foundation Co of Canada Northern 27 8 •V. 50 —100 : Dominion fz 1,405 46 26% Dryden Paper Gatineau Power common— Preferred Canada 1,230 1944 ■ 2'A Apr 1,425 145 23% 24 Low 50 8 2.55 preferred — — .100 Canadian Westinghouse Co Ltd———* 30 •• 26% 9Va Dominion Steel & Coal B common— 8 21 Vz —y— & Steel.— Co V' 3% 144 8 Range for Year Shares tttah 48 % 144 ;*i.v * • 1 Ltd 2,375 13 29% 46 common—! Foundries 7% Canadian Marconi Company 8 Va 45% • • * • common new preferred preferred 6% for Week Dec 25 Celanese i Brandram-Henderson Canada 2 119 119 7% * , (J Sales Range 3 3 Va British American Oil Co'Ltd Jan Week's , of Prices 49% Brown Jan " ' Funds - Low • common Dec 15% preferred Preferred > 15% .— 100 —*—r—..100 Power Se Paper Abltibl Jan 15% — > Oct 15'A — Par 3V4 78 18% ;.!i: 100 'Canadian Ind Alcohol commun™. * Class B —u.— * Canadian Locomotive new common_:±_* Canadian Pacific Railway 25 Cockshutt Plow —: ——* ? Consolidated Mining &s Smelting 5 Consumers Glass —!—* Distillers Seagrams common * Dominion Bridge —• Dominion Coal preferred—_ ...25 t 30 Sale Price 11% 120 Canadian Car & Foundry common Steel Sep. STOCKS— Jan 8 50 Textile 26 Last 1.85 May 75 285 Canadian Bronze common New Nov Jun Jan . 17 Preferred General 24 60 Canadian Breweries common 5% 24% Sep 19 1,265 11% "■ • 151% Mar 20 Nov 164 19 Steamship common Electrolux 135 Friday 16% Mar Jan 60 preferred Dominion 14% 21 —_—100 Dairies 28% Canadian Jun 17 _—— Canada Dominion 14% 23 y4 * Class A Cottons 28% 10 _ _ 52% Aug 18% May 22% * Northern Power Dominion 445 . 5 1 common. Prefer:. 1 Canadian 10 52 % 22% _—..100 Canada New , 52% "• • * * * : r 21% - Y' ... Power Canadian • - — 100 — Mills Canada Forgings 5'/o . & Paper class A Cement Sep Montreal Curb Market Dec pfd of Can Building Products class A Bulolo Gold Dredging <—1 Canada Sep 18 Vz Dec —— B 15 Oct Dec 325 Columbia Power Corp A— Calgary 98% 1,952 99 Ltd Silk Dec 15% Dec 16% Corp Class . — May 16 99 Telephone Co of Canada. & Pwi'— Bruck 113 Jan 15% —100 * ..100 Brazilian Traction Lt British Jan ——-* -- Bathurst Power 14 535 ..10 new Royal new Jun 112 9 Anglo Can Tel Co preferred Asbestos 980 17% Nov 17 Jan 13% 113 common Aluminum Co 435 14% Jun 92 Jan 51/4 90 113 Preferred Aluminium 11V* Aug 250 _————100 ; Algoma Steel 20%. Sep 15 14 17 . 15 10 . _ _ High LOW •" 15 Vz 14% Sep 10 . new new Scotia Nova Range for Year 1944 Low Acme v Commerce Funds Week's ; Banks— Canadienne new 1.85 May 1.95 Mar < 2.85 Nov 18 Oct 3.G5 Mar 21% Mar Volum e THE COMMERCIAL & FINANCIAL CHRONICLE Number 4349 161 139 OVER-THE-COUNTER MARKETS Quotations for Friday Jan. 5 ■ • For Investing Companies Bid Par 7.47 Aeronautical Securities———1 Affiliated Fund 1»A Inc. Corp__ American Business Shares American -1 3.33 5% .—1 Industry Shares——10 Tr of America Baste ft 3.75 - / -ft K-2 30.54 31.35 33.84 16.89 18.52 Inc_. Fund Bullock Canadian Ltd., 1 Fund Inv Ltd _1 3.40 30.15 com—100 2,630 Securities Christiana Preferred 100 1 Commonwealth Invest Investment Trust 1 Series ' Series mod ACC Series -• (Md) 2.92 5.12 —— Cumulative Trust Shares- Bond Shares Dividend Eaton 2.92 5.90 1 12.73 10 12.29 13.43 Fund Inc 1.37, 1.50 19.58 Preferred •" 25c fork 42% ,44 l/4 /. Bank * Fund Trust Mutual Fust 21.64 InC-5 Fund Inc. luuuairial Fund, Financial 1.86 6.02 •: 15 54% 16'A Merch & Mfrs 10 57% Monarch Fire 4.31 American Reserve io 19% 20% National Casualty American Surety 25 9.17 10.85 ; 25.10 27.51 5.12 5.90 (Detroit) 62% National Fire 10 37% 40% 7% 81 % National Liberty National Union Fire 20 25 6% 76% 100 Camden Fire 610 30% Amsterdam 55'A 2 Casualty 26% 28% 10 27% 30 —10 44% 47'A 5 11% 13% 2.50 New Hampshire Fire 21% 23% 8 19% 21% City of New York 10 18% 20% 11.69 Connecticut General Life 10 62% 64% North 7.86 8.65 Continental Casualty 5 45% 48 % Northeastern Crum & Forster Inc„ 10 27% 29% Northern 12.50 78 V2 33% Pacific Fire 25 97% 10 31% 58% 62% Pacific Indemnity Co 10 52 Phoanlx 49 85% 8.87 9.50 7.01 10.56 11.61 20 Fire Assn of Phila 7.72 io Fidelity & Deposit of Md 10.44 Metals Federal 10.89 Machinery Employees Group Employers Reinsurance 9.75 9.91 stock 7% 177 167 10.64 equipment— 58 "A 6»A 2 New Brunswick 635 / 4% 28'A 10 59% New 6 4ya 8.01 13.37 2 47/a 4 10 Boston 11.92 12.17 Fundamental Trust Shares A—it Y 12.73 ftft Diversified Speculative.—_ft_ Insurance N 11.59 9.46 Ereotricai Fire Ins 2Va Automobile 12.66 6.^2 2ya ft 7.28 - 11.52 "i.55 ; 1 Massachusetts Bonding-, Merchant Fire Assur Baltimore American 6.58 14.18 ft; 8.60 3.95 50% Casualty Re-Insurance —_ 10.65 Snares Trust Maryland American of Newark American ,5 Bankers & Shippers stock 10 Trust Shares A Foundation 12% American 14.04 ; A—1 Fixed 13% 17% 11% 8.24 Diversified Investment Fund— 2.05 12% 16% American Casualty American Equitable 10 20 — 7.57 5.93 Chemical 23.30 8 Fidelity & Casualty_5 47% North America Knickerbocker 5.84 ft 8.30 - 1 Aviation Insur Co of Jtrsey Insurance of N Y 23% 7.49 — Automobile 15.39 1 pfd 24.68 14.33 41% 77 -V 21% ; Alliance 10 3.81 Fund Agriculture 22.97 40% 73 % io American Stocks Inc— 1 1 Fund io 28 Life Agricultural 27 Va 14 0 — 7.97 - Building supply Fidelity 1.54 8.88 66% 35% 7% 7% 72% Fire — 6.79 stock series New Homestead 5.27 series— series England 52% 28% 16 89 % 38% 9 8% 76 5 141 % 49% -i 7.24 - , stock common New 12% 133% 10 Home Ask Bid Par 10 Aetna 1.40 8.21 1 ' Stock 4.10 Companies Ask Bio Aetna Casual & Surety 4.16 • 25c series— stock Insurance Par Aetna series B shares Low priced 6.75 i Equity Corp $3 conv 25.37 11.84 Low priced bond series— 18.11 Fund Stock 10.55 23.59 Securities— Industrial Howard- & Balanced X9.60 .! series Bell Teletype NY 1-953 DIgby 4-4950 Inc— Investors Corp— Income 1 2.50 D 7.23 100 2d Y. 43.10 lOo Tel: 99.80 42.24 National Security Series— Diversified Trustee Shares— C 6.59 voting shares National 1 Fund- Delaware 40 Exchange Place, New York 5, N. 5.91 97.80 Trust Fund Invest (Colo) 50 % 2.34 1 .1 mod AA i • - Investors Mutual 2.34 ft Accumulative series— . 10 Fund Bond Fund Investors Mass 2.54 .1 AA -5.32 •- Mass 5.76 48% 1 —1 Corporate Trust Shares— Members New York Curb Exchange 12.96 11.76 _ Fund— Common Nation-Wide Consol 15.20 - . Maryland Fund Inc 143 5.30 28.04 13.82 Co. & Members New York Stock Exchange 25.18 25.54 - — SHASKAN • 21.17 22.88 ; Looruis Sayles Sec 2,730 138 19,33 S-4 Manhattan ■ — Loomls Sayles Mut Fund 10.91 12.14 Real Estate Bonds on 22.00 11.06 . Knickerbocker 32.41 10.0.9 31.15 20.03 —. S-3 .Series '4.00 • 1 Century Shares Trust—: Fund—_ "Chemical — S-2— ^'Series. 107.52 19.10 Street Invest Co Inc.—6 Broad K-l Series 29.28 28.42 .ft - Series S-l__ 103.22 Fund i B-4 Series 6 .,—5 Inv Boston B-3 ft'/Series 13.94 16.29 1 A Common Bond Series Series Investlng.lOc ,,12.85 _1 15.15 Foreign Nat Investing— B-2 Quotations Ask v - Scries 4.12 „ Bid 27.93 Keystone Custr-Man Funds— Serfes B-l 4.50 ft 29'A Axe-Houghton Fund Inc— Bankers Par 8.12 4.11 27% 10 Holding AAmerex Ask 48% / Fire River 6% 6 5 10 % Preferred Accident 168% 157 York New 83 102 V2 , ,5iy2 89'% 5 12ya 14 10 32% 4'A 35'A 6% 29% ' Fundamental Ino Invest Oils -* 4.76 • 1 B 36.49 39.24 5.68 5.74 Capital Corp General General Investors Trust Railroad ft Aviation — shares ;—- shares — Building shares. — Administered —— , shares— 6.91 Series .7.51 8.26 Series Industrial Machinery shares- Institutional bond shares—•— Series 1956— I——— Low Price Shares Mining shares—. Railroad —- 1958 shares— — 5.51 8.24 ' Quarterly 9.96 Republic Invest Fund 8.04 1 7.31 6.54 4.11 4.53" 5.04 40c '2.45 S'/bS—1974 Y 1974 Birmingham Electric 3s New Burl & Quincy 3%s__1974 104'A 104% Conn Light & Power 3s 1974 Empire District Elec. 3%s__1969 Commonwealth 80c ' Fund-series 24.75 B_: C A—- 90c 25.52 21.23 — * 4y8s 22.37 17.80 Lt&ftP wft Share&^.+ft-ft 1974, Florida Power & Light 3y2S_1974 7;81 20!46 Stock Fundi—_ 9.58 7.14 1977 3s 3%s Florida. Power 23.21 8.76 —— Edis 1979 - 105% New 107% 107% Pacific Gas 1975 1973 106% 106% 108% 109'A 1970 111% 113 .—1958 106 Vi 107% 3 Vis 105% (Indiana)— series E —1980 106% 107ya San & Pow 2%s—1974 102% 103ya York Corp. Diego Gas & El 3%s 4Vis "1.89 10 28.13 A Blair & 13.69 13.99 AFlrst Boston 19.28" 17.67 —-1' Wellington 26.43 America of the Manhattan Co.—10 —100 Bankers Trust 10 Brooklyn Trust _100 .Central Hanover Bank & Trust 20 Investment Banking " Corporations ..-ft -v../'' -1 Corp— '-■314 39% 40% • : ft. • " ••'' . ft . ' • ., ft * - ■• Bank Bid 26% 4.50 50% 113 110%. 15 X. 44% & Trust _10 51% Co 20 50 10 24% Corn Exchange Bank & Trust_20 54% Bank & Trust Empire Trust 83 ; 50 Fiduciary Trust First National 29%, Bank 100 1 ,770 Ask -• Bid Ask Trust— —. .Grace National ii—i 4.62 — Bid Int. Rate %% 15, 1%% 100.5 15, 1945 1945 %% 100.6 99.31 t%s Feb. 100 10.90s Mar. 1, .0531 1%% 100.23 100.24 .0541 .0603 1 'A % 100.8 100.9 t%s May 1, 1945 t%s June 1 1945 .0450 .0529 100.25 100.26 .0645 1%% 100.7 t%s Aug. 1, 1945 t%s Sept. 1. 1945 .0532 100.8 1%% 100.17 100.18 t%s Oct. 1, 1945 .0539 .0684 t%s Dec. 1, 1945 .0665 .0843 .0581 .0776 tDec 1946 15. tMar 15 1947 tSept. 15, tSept. 15, —1%% 1947 1947 1948 ISept. 15, _ t0.90s 1, Jan. 4s ft 31% 1,810 series as v 12 11% 12% 100 1,445 1,490 Title Guarantee & Trust., United States Trust A—————1988 —1988 94 96 97 99 2nd 90 1946 1, Tj.ma Jan. * now Losn 15, ~Q o v. Federal Land Bank Bonds— 100.1 3s 100.3 3 S J El H. ir 69 71 Akron 1994 104% income 4%s A _2019 86% ,88 % Gen income 4%s B 2019 70% 72% Chicago Rock Island & Pacific¬ ist 4s Conv Canton income 4%s 1994 102% & Income Rio 79% 4%s ____: 1st 3-4s income Seaboard Ry 1st 4s Income 4%s 100.28 .100.30 102% 102% 1947 104% 105 A 1961 133 134 _ig4e 3S 3s United Stales Treasury 45 r ■ •. Rates \ A. 'Pacific 21 23 _——_— 52 54 ———; * fc/r discount ft 11, February 1, 1945 23 /' 25 February 8, 1945 53 55 February 15, 1945 26% 56% Bid 27 23, March 1, 1945 March 0.32% 0.32% 1945— 1945 March 8, 0.28% 0.32% 15, - 1945 March 22, 1945 Maroh 1945 Ask bO.375,0.33% bO.375 0.34% b0.375 0.34% b0.375 0.34% bO.375 ,0.35% bO.375- 0.35% bO.375 0.35% 28% 25 bO.375 bO.375 bO.375 bO.375 bO.375 b0.375 Bills purchase at Ask February 1945 January 18, 1945 January 25, 1945 January Chicago Rock Island & Pacific— preferred —_———100 are Treasury bills- .——ill-—-—— Common quoted Bid Denver & Rio Grande com— i — 58% Grande. 103.21 Issues : 0.33rb 0.33% 29, April 5, 1945 104% 77% 102.21 U S Conversion 3s n g Convers}on — t: 86 — Chicago Milw St Paul Preferred Denver 43 —-—-——— preferred r.U'i"'. '*:> 5% 2019 ' — 102.19 Ask 106% Gen 1955-1945 -■/'"' & Youngstown— Common Preferred Chicago Milw St Paul & Pacific iqj<j iqri? 38 Ma? X» 1956-1946— 0.75% Ask 101.10 103.19 1956-1946————... 1, vr... b0.90 1945 Bid 101.8 1955-1945 Panama Canal Bid — Common 1st 4s .0669 issued) 92 2003 4%s if 5 % 1983 — and stocks Indianapolis & Louisville— 1st 4s .0541 Ask Bid Commodity Credit Corp— tiy8% Feb 15, 1943 sy4s Ask Youngstown— 4%s series B Chic — Obligations Of Governmental Agencies .. (When, Bid ; . Reorganization Rails :ftftv .0499 .0463 Federal Land Bank Bonds— .ft .0439 - 1945 % Other & .0442 1945 t%s Apr. 1 0.85s Canton .0374 1945 1, 100.5 1946 VAr4a.ni Bonds— of a point Dollar Price 100 Plus Bid Ask of Indebtedness— Certificates 100.4 IMar 15, FodcrSil' Home Akron .. Maturity— Ask 100.4 100.2 1945 tDec. 100 180 200 -100 200 > 52% Guaranty Trust ; -100 349 y 357 118 Irving Trust —1—i —10 16% 17% liA.% Kings County Trust—— 100 1,705 -ft 1,755 46% Lawyers Trust—— 25 40 ' 43 5* ftft Manufactures Trust Co com—20 54% 56% Conv preferred-—-— 20 - 51% 53 % 52% Morgan (J P) & Co Inc 100 274 284 25% ft National City Bank 12% 43% 45% 57 New York Trust — -25 102 106 87 Public Nat'l Bank & Trust—17% 48% ' 51% 'ftft Fulton 28 ■ Quolaiions For U. S. Treasury Notes IMar Par . »..•■ •. 3% 10 Co_"——i.T Oily Banks & Trust Gas* Commercial National Bank & Trust 105 ,J102% Puget Sound Pow .& Lt— 4'As -1972 > 107 104% M 102% 102% 104% 1974 Public Service 105y» series 102% Electric 3s—1974 & 109y2 109 104% 3%s 106 104% Potomac Edison 3s 1970 Houston Lt 105 y2 104% 2%s 108*% 105 Vi York Chicago & St Louis— 105% Great Northern 3yas ser K-196Q 3%s series L Orleans 3.yes 107 107 Va 102% 104% Elec 3s_—,.—1974 Public Service Narragansett 102% 7.10 Ask 102 1974 103% 102 6.30 Shares—_25o 101 100'A 103 V* 1974 3s Light SVaS—.1974 & Power 1.14 Bank of New York Continental 51% Bid Miss 1974 1 14.31 ft'. ft-x\,'-'4' -*: Par National 36'A Kansas City Term Ry 2%s_1974 Power B—__;—ft-1 1.03 — Shares- New York Chemical Bank 33% Ask Power 3%s Mar 15, Chase 79'A 2.80 Figures after decimal point represent one or more 32ds Bank 74'A 104 TfKPA Y Maturity- ftftft 40 Va 4 N Chic Oj——f.——1 Investors Fund Lt & Pow Central Union Preferred 1.09 98c shares of Co Investment 37 »A '558 543 10 Westchester Fire— 42% 39% Bid Arkansas Calif-Oregon 13.06 Insurance Greup Stock and Bond Group - 34% 126 38 Vb 48% U S Guarantee 105 % ' 2.45 Bond U S El 51.75 2.33 ; 13.92 — 100 — Fidelity & Guaranty Co—2 47% Recent Bond Issues 1 Series '% 2.75 12.70 101 ~7.14 2.57 1 Union Common- Stock Fund B—. Ltd— 28 10 Fire —1 Series 1.67 Bank Group shares; U S Fire 9 74 y4 % 4.03 Stand"'Oil Shares— ASeries Union 25.76 - 28 io 3.67 48.75 i A Series A__ft_— ; 52c 1.53 Securities U S Hartford Steamboiler Inspect..lO 6.52 —1 Street Investment Corfcuift Trustee 4.79 ft 5.53 Inc Group shares—. 34 JA Travelers 11.59 Super Corp of Amer AA_ Trustee Stand Invest Shs— 23.96 Aviation 10 30% 98.39 State „—10c Institutional 25 32% 120J/2 84 4.37 5.32 . Incorporated Investors ,_5 Independence Trust Shares——• - 10 28% 16.03 10.63 6.76* 4.83 4.57 Fund Security New Haven Springfield Fire & Marine 23% 45 V* 80 8 14.91 96.45 Sovereign Investors: •5.02 — 10 Standard Accident Hartford • 7.54 '*4.35 Foundation 71 'A Seaooard Surety 22% American 21% 12 % 7% preferred 27% 10 Fire 21'A 64c 1 Trusteed Industry Common 10 (Texas) (Paul) 8 Hanover 2.55 Income Shares— HK Income Republic 13 Va " com, Rutgers Fire Ins. 59c _1" C— J 2nd 12 2 lOo D___I— Holding Corp & Great Amer Shares——2% A Series A Huron 45% Globe Selected A Series shares 43 % 2.84 1 Fund, Inc__— :ft 8.15 > 7.19 ;i 5.86 shares 8 Glens Falls Fire Selected 10.94 10.43 5.24 Utility 20'A 2.95 10c Inc Shares—. 5.32 Tobacco 18% Fire y Scudder, Stevens & Clark 7.49 —: 4.76 Steel shares 10 7.24 1 Plymouth Fund Inc. Putnam (Geo) Fund ' Railroad stock sharesEquipment shares— St Paul Fire & Marine 2.22 1 6.38 11.57 6.14 shares:!—— Petroleum Revere 55 'A 1 : 5.80 6.86 Merchandise shares 25% 52 % * 10.53 X. 7.41 Investing 23% Q Franklin General Reinsurance Cory Gibraltar Fire & Marine Globe & Republic 1955 8.55 Series 8 7.68 37% 1953_-_—— 9.06 bond shares General 7.80 6.28 Amer 91% 9.11 shares Trust 7.09 -.5.00 Chemical shares Electrical Equipment Food shares Fully North 68% 6.58 ———- 7.78 Agricultural" shares 64% 87% 6.98 North Amer Bond Trust ctfs Group Securities— , ; Providence-Washington Reinsurance Corp (NY) 10 Fireman's Fd of San Fran—10 Firemen's of Newark..• 8 8.28 —ft Railroad equipment Steel Automobile - 2018 ——1993 70 88%, 98% 72'/4 72 90% 100% 74% Seaboard Ry common—— Preferred — 59 #No par tin default. value, tThese bonds furnished by sponsor or issuer. a 61 Odd lot sales. „ b Yield price, are subject to all Federal taxes. Result of the merger, effective Jan. Casting Co. with the W. B. Jarvis Co. d Deferred delivery, e Ex-interest, to Stock Exchange, r Canadian market, s Cash sale—not included in range y Ex-rights. AQuotxitions not _ c 1, 1945, of Doehler Die f Flat price, k Removed for year, x Ex-dividend, . . ■-"/ r&UgtMtHU*'' »«f rUS-Bj^i H><MV»W*»»4«.w«4, f» *.^»«<NiuMIVHUKH>W«»d^J^«WoMW <i > :) { Monday, January 8, 1945 CHRONICLE THE COMMERCIAL & FINANCIAL 140 , ,, Week Ended Dec. ?THE COURSE OF BANK CLEARINGS '!• this week will show a Bank clearings ' . decrease compared with a year ago. Pre- based upon telegraphic advices from the chief cities that for the week ended Saturday, Jan. 6, clearings for all liminaryyfigures compiled by us, indicate of, the country, cities i: possible to obtain weekly clearings will week last year. Our preliminary total against $11,533,874,781 for the same week in 1943. At this Third .■ 1. ri * >' '■ ■ i • •■'. , ■ •VT. /■V • ■ • $5,394,803,004 450,395,636 "575,000,000 Philadelphia— York. _ 5.1 — Federal ; 622,775,383 District—Cleveland istrict—Clevel 3,682,542 2,639,642 "3,000,000 — 1.8 106,820,000 + 7.3 105,140,802 92,113,889 + 3.6 231,587,430 183.054,023 14,817,800 14,629,700 + 1.3 12,800,300 13.939,100 2,352,939 2,261,504 + 4.0 Youngstown 278,187,000 —12.0 267,202,791 —22.3 228,595,511 —22.5 135,745,523 $7,381,360,029 $8,035,750,887 ... Total Fifth Federal 8.1 — 1,727,935,495 —19.9 —10.2 District- Reserve —12.7 648,535,865 252,920,439 549,651,890 623,277,968 * + 16.6 2.065,996 ;| / 1,721,308 + 20.0 2,758,943 2,194,225 145,226,317 .4,4 161,431,082 121,254,855 37,524,008 — r, 29,082,806 253,734,551 5.5 + 38,132,597 275,524,676 + 22.3 30,679,709 267,560,499 Columbian-Washington-. Federal 5.425,000 57,550,124 ■ + 24.6 ;/.. (6 cities). Sixth 6,568,000 74,718,080 Y; 5,339,000 69,643,649 138,777,713 Carolina—Charleston District of 930,011 905,765 6,654,000 - Maryland—Baltimore™.! 5.0 + 16.4 81,230,154 . Richmond 1,124,568 1,308,628 I", Virginia—Norfolk + 23.8 — £• imond— Virginia—Huntington South $10,956,093,956 $11,533,874,781 265,941,220 * West $9,763,686,382 1,770,188,399 2,730,352 1.8 — 0.3 + ; $8,764,875,165 2,191,218,791 566,097,832 2,417,784 3,567,013 2,077,864- +39.6 298,162,165 198.087,604 (7 cities). ■ 2,800,550 3,909,176 —— (Pennsylvania—Pittsburgh. 4 225,486,842 the week covered by the foregoing will appear We cannot furnish them today, in as much as the week figures are not available at time of going to press. the last day of the week in all cases has to be estimated. District, the totals are smaller by District the totals are larger by 9.9% and in the II Sari; Francisco Reserve District by 6.4%, ^ • 1 ji ; In the following we furnish a summary by Federal Reserve Districts: |j 14.3& 590,355,944 CM* CSJ -b 220,179,404 —12.0 In the Kansas City Reserve of 2.3%. Reserve 3,617,999 161,700,000 16.9^ in the St. Louis Reserve District of 2.1% and in the Minneapolis Reserve District 622,616,354 636,530,197 Columbus ; In the elaborate detailed statement, however, which we present further below, 4; we are able to give the final and complete results for the week previous—the week 11 ended Dec. 30. For that week there was an increase of 12.3%, the aggregate of cleari l ings for the whole country having amounted to $10,653,933,617, against $9,487,284,091 |i in the same week in 1943. Outside of this city there was a gain of 0.7%, the bank !iclearings at this center having recorded an increase of 22.0%. We group the cities I; according to the Federal Reserve Districts in which they are located and from this |• it appears that in the New York District (including this city) the totals show an f\ improvement of 23.0%, in the Boston Reserve District of 5.1% and in the Philajidelphia Reserve District of 2.2%. The Cleveland Reserve District suffers a loss of f112.7% but the Richmond Reserve District enjoys a gain of 5.5% and the Atlanta ! Reserve District of 5.7%. In the Chicago Reserve District there is an increase of I 1 228,140,946 136,113,822 Accordingly in the above 2,092,965 5,391,600 115,171,368 176,094,561 Saturday and the Saturday 2,224,969 6,471,100 Cleveland—* Total ^ends 33.4 + 90.1 Cincinnati —11.1 244,892,000 issue of next week. — Ohio—Canton 207,741,770 Complete and exact details for + Yvi 3,071,800 5,839,900 c'ties) (10 Fourth 6.1 — 1,383,515,136 our 1,379,696 + ■y44- Mansfield.—- Baltimore in 30.9 1 —10.8 Cleveland ! + 1,589,785 2,120,355 — —13.9 Pittsburgh™^. .. 1,534,343 3,010,959 1.364,796 + 11.1 1,162.071 Jersey—Trenton 192,622,052 San Francisco. : 1,788,134 2,576,357 ' 143,900,000 , 1,886,027 605,000,000 74.2 + 514,277 1,500,199 . 2,170,568 Wilkes-Barre 351,499,370 St. Louis—— Total all cities, five days. 1.5 990,056 1,475,273 :• 572,000,000 26.7 610,000,000 171,872,130 - 524,312 + 1,724.878 490,341 403,035 1,503,042 -+ - 302,747,414 Boston Kansas City__. cities, 9.6 10.5 —19.9 1,393,100 — Philadelphia Total $5,063,337,446 - 4 .+ % 1944 ; Chicago——— Ten "/'--.f; : ; 511,000,000 6 1945 425,660,886 Ending Jan. Week 454,836 " . 973,899 --i'" Reading New Vk - "M:,' Clearings—Returns by Telegraph ■' Our comparative ■* S 903,141 Scranton week ended Friday of 6.1%. 1941 1942 " or 830,997 498,564 . Chester j standi at $10,956,093,956, i; center there is a decrease for the for the week follows: Inc. Dec. % Bethlehem Lancaster summary ,i District-—Philadelphia— Reserve Federal ■ Pennsylvania—Altoona of the United States from which it is j be 3.0% below those for the corresponding J 1943 1944 V i 30 ;but in the Dallas Reserve 3.3 37,252,932 —14.5 .34,354,837 122,100,000 + 12.4 12,198,285 12,600,684 2,492,849 44,533,181 48,758,237 41,748,777 4,499,674 4,318,393 333,802 212,290 77,039,325 72,719.420 AugustaMacon Mobile— : Mississippi—Vicksburg—_. Total Orleans Seventh Federal Reserve 1,550,000 1,410,199 38,380,972 29,212,000 + 16.8 40,835,613 38,259.194 4,754,989 213,159 2,910,129 + 57.2 r+ 6.0 72,616,052 64,286.722 + 5.7 4.2 + 457,226 720,808 4,966,252 4,452.779 1,692,623 2,219,961 ' i 5,112,356 4,565,303 Lansing + 12.0 2,424,794 + 68.0 + 4.7 3,733,766 2,894,003 Indiana—Fort Wayne ::: 0.9 Bend + 3.6 5,390,082 Haute 2,876,593 + 29,562.000 30,629,000 5,986.179 29,481,000 Indianapolis Terre 280,051.425 356,766,257 + 13.4 "500,000 567.065 41. Rapids South 176 658 District—Chicago- Michigan—Ann Arbor Grand 2,402,067 2,680.654 * 7.0 + 32.9 — 342,454,629 (10 cities).: 26,585,177 108,500,000 151,300,000" + 22.9 1,972,549 '47.904.347 Alabama—Birmingham— + 2,027,636 2,621,303 Florida—Jacksonville Louisiana—New 6,308.379 10.049,981 31,851,103 137,200,000 Nashville Georgia—Atlanta — 'HI 4,323,611 8,790,105 + 6.1 9,740,721 9,063,769 Wisconsin—Milwaukee 33,815,465 + 4.2 34.294,405 29,327,074 Iowa—Cedar Rapids Des Moines 16,752,807 Sioux 9,327,883 v Chicago-: Decatur Peoria — 475,713,186 512,591,850 s _ _ Rockford :> 2,041,468 1.847.065 1,807.467 42.6 + + 2,004.327 1,724,538 ___ 528.265 459,538,195 + 32.6 4,276.518 _ ■; _ __ 4,823.635 445,297 444,732,983 5.7 + 1,260,662 _ 12,951,407 6,180,311 + 36.5 386,012 ,i 1,405,366 14,745.091 7.1 — 6,301,025 Illinois—Bloomington-6,-w. 1,694,293 6.6 —31.2 ' 2,465,070 City Springfield CLEARINGS SUMMARY OF BANK District—Atlanta— Reserve Tennessee—Knoxvllle — I4,692.171 4.842.604 1.9 1,829,229 2,013.202 9.2 1,798,546 1,669,744 ' '.v.'"f Federal r.!- o" •;v Districts Reserve Boston 2d vNew 4tlt,blcveland I; 7th Chicago 9th 5,342,882,500 + 23.0 4,895,659,204 " 636,580,197 622,616.354 " 556,097,832 648,535,8J35 267,560,499 253,734,551 J ,11th Dallas 622,775,383 549,651|90 5.5 +, 275,524.676 225,486,842 •. 351,930,158 242,454.629 5.7 356,766,257 6.9 568,869,061 2.1 280,061,099 -188,990,655 173,103,747 257.289,421 —14.3 242,338,050 200,993,109 133,253,654 121,306,370 9.9 115,578,797 109.593,960 '6 + 457,300,184 + 6.4 495,223,519 361,065,876 10,653,933,617 9,487,284,091 + 12.3 9,024,338,050 8,036,256,819 4,356,043,384 4,323,825,382 + 0.7 4,279,807,448 3,859,884,928 486,743,639 Cl^VngV at- Ninth Federal Lowetl-^l____. PaUl ::+ 538,209 > + 5.7 3,937,087 3.497,532 + 6.0 346,437,640 328,724,916 833,612 387,324 1,179,863 4,501.241. . 900,8494! :: +22.4 4,575,974. 2.8 — Rhode Total .(12 5,546,384 21,681,600 820,779 Island—Providence— Hampshire—Manchester 18,522,624 5,835,842 — > .t:. —20.8 4.829,269 130,814,406 43,633,710 43,708.849 3,191,795 2,848.214 + 1,242,004 1,247,296 — 1,005,630 991,898 4,427.208 .188,990,655 Dakota—Fargo— Dakota—Aberdeen ; Montana—killings ' Helena— 902,000 280,061,099-,il<I.^35,873,5 Vv;,Jx"' (7 cities). 3,618,082 3.335,446 3.9 114.887.768 16.887,768 0.2 44,216,548 37,421,418 12.1 2,720,256 2,857.996 0.2 1,182,917 1,068,356 4,550,723 193,290,408 ' ; ; . -.+ 3,826,691 South . + — 941,714 + 2.3 - 886,351 5,536,462 + 3.735,522 173,103,747 '146,192,857 + 32.2 ' \%U.. 4,782,464 5 18,111,642 18,600.661 5.2 6.822,292 7,306,997 + 12.6 19,972,500 21,087,700 540,798 + 51.8 593.965 940,352 5.1 407,484,719 6.7 1.568,425 1,724,772 2,652,681 6,514.885 + 16.1 5,041,898 169,938,606 —17.0 167,012,235 4,615,8q? 148,126,011 —13.6 4,770,279 3,767,526 + 17.9 295,717 348,041 + 27.0 665,117, 5.391,888 "900,000 - Springs. 760,510 + 6,241,679 965,767 — Total (9 cities). 220,516,808 Federal Eleventh 763,554 , „ 257,289,421 —14.3 242,338,050 Reserve District—Dallas- - 752,202 200.993,1091 "■ 109,684,000 Dallas 12.286.895 Worth Fort 1,687,158 99,174,000" 2,641,737 Texas—Austin "11,000,000 Wichita 391,314,004 Total .■ : tl" ■"•it : ;; + 56.6 2,865.783 3,496.414 + 10.6 93,062,329 86,248,212 + 11.7 10,830,292 9,463,351 3,345,000 2,879,000 + 4.2 1,864,000 1,243,126 1,025,099 + 21.3 1,135,685 1,676,079 7,397,836 5,541,113 + 33.5 5,820,708 5,364.904 133,253,654 121,306,370 9.9 115,578,797 2.3 83,444,250 "3,000,000 —! Galveston Falls ——— Louisiana—Shrevcport + 98,478 2,497,231 39,219,343 7,565,325 141,124,892 ■ 371,854,910 184.398 3,475,823 59,167,811 3,495,064 3,339.137 —19.3 + 89.4 6.0 + 2,831,376 City—. —; Joseph Colorado—Colorado — —13.0 3,223,648 G6,125,590 : — Missouri—Kansas St. 1,068,268 113.181 3,315,157 57,309,224 —— '• . 19,260,700 390,763,819 cities). +.?2,1 . 944,756 973,102 9.3 + " 2,585,393 14.955,803 — — X.9 .4,052.860 443,270 541.683 —16.1 4,630,306 3,418,449 II Worcester™™™..—i™—™ Haven— ;:?80,978,652 Pueblo "" New 926/451 3,751,495 1,289,732 Springfield..— New . "325,000 rr—•—— — Wichita , 314,078.202 — jXJonngfiticut—Hartford- 35,962,370 .,7.93,000 +, 135,963,430 MinneapolisFit. Kansas—Topeka 789,829 + 23.6- 332,883,458 New .Bediord- I 59,218,158 48,581,674 'in 1.9 ■ District—Minneapolis— urnana 3.966.208 — Reserve Lincoln 1,020.584 •j: 71,977,425 Minnesota—Duluth $ ' .iv' ;'- '• '665,123 \ Main^Bahgor. j' Portland' jjj 7.8 882,000 'WW 1941 $ Dec. % $ - $ ' — + 43,437,885 Nebraska—Fremont 1942 Inc. or on— Fall "River 69,058.767 907,938 /..p'.y I'.'i for each city for the Ended Dec. 30 1943 1944 •' II 139,900,000 Tenth Federal Reserve District—Kansas City- Week v.'ijl Massachusetts—Boston 158.600,000 286,981,270 : ■ North j week'erided Dec. 30 for four years. I 0.7 42,617,283 cities) ■ Total J-JYe.; now add our detailed statement showing the figures 1; + . ; 193,290,468 10 (4 235,873,528 220,516,808 Out^jde New York City— 167,600,000 74,472.906 — Tennessee—Memphis— Illinois—Quincy r Total 230,978,652 286,981,270 110 cities 168.800,000 Louis 572,126,480 7 — 572,126,480 280,051,425 599,340,000 .146,192,857 . 568,869,061 . Missouri—St. Kentucky—Louisville---. 2.3 San. Francisco Total 590,355.944 623,277,968 2.2 + —12.7 9 Minneapolis 6.9 Eighth Federal Reserve District—St. Louis— 640,436,200 4 . + 4,341,131,465 pc',17 i|10tti' Kansas City____™— i'12th 6.469,779,073 **.+ —— 599,340,000 (17 cities) 391,314,004 10 — Louis BthBt. 407,484,719 6 -iiL_*L3"10 6th Atlarita1 I 5.1 " — {: 5th Richmond —$4+ a + 7 Philadelphia 3d Total S S : 371,854,910 12 — % 390,763,819 12 cities —— York- Dec. $ Week Ended Dec. 30 1st 1941 1942 Inc. or 1943 1944 (6 cities). + 109,593,960' uzin ■itt! Second New w York— Federal Reserve District—New York- 9,194.524 61,228,000 1,086,482 Buffalo 953,359 69.1 6,841,250 6,113.040 —17.0 1,671,474 55,879,000 Binghamton 5.437.624 1,386;543 ! York—Albany— 1,506,938 1,620,014 51,291,221 54,100,000 989,972 890,640 + — 8.7 Twelfth Federal Rcscrv^'^istrict—San Francisco—• Jamestown New ■ — York j. 1,024,214 5,163,358,709 Syracuse—— - , Ntw' Jersey—Montclair- '6,093,336 o,385,390 - 6,199,719 6,240,317 L— 479,434 402,096 27,005,196 31,370,904 ' Ne wark— • 46,576,203 Northern New Jersey Total (13 cities)., — — + 12,894,597 12,748,911 Rochester "Connecticut—Stamford A 930,474 6,297,890,233 ... —- + 11.9 57,244,784 6,469,779,073 5,342,882,500 1,316,977 1,357,290 4,744.435,593 4,176,371,891 0.3 11,668,521 12,205,501 +.13.1 5,394,895 6,337,858 0.7 5,691,233 5,691,291 — , 9.2 22.0 + —16.1 452,850 552,526 16.2 27,533,498 38,536,256 50,937,473 4,895,659,204 4,341,131,465 Lake 59.150,661 27,260, 523 + 2.4 27.344,560 23,080,150 + 2.9 7,347,848 4,335,469 t Jose„. 251,385, 000 3,784, 191 4,468, 793 6,540,780.; 3,240,222 \ 5,246,250 3.0 3,089,060 3,682,753 + 14.3 290,685,000 198,305.414 + 48.7 4,210,099 4,050,244 — 2,102,834 —— 1,583, 223 + 32.8 1,930,296 1,872,813 "4,500,000 Santa Barbara ; 7,140, 868 287.243,000 * Francisco Stockton™. 1,450,320 73,617,477 5,627,652 Pasadena San 59,824,352 + 40.5 -—11.7 27,923,493 ill City— California—Long Beach—^ San — 1,753, 551 72,212, 959 4,024, 453 + 11.8 2,911,677 2,613,017 457,300,184 + 6.4 24,948,941 —18.6 Utah—Salt 83,686, 623 2,463,524 63,429,406 Yakima Oregon—Portland Elmira—— 81,770,413 iiiaxsiauLli Washington—Seattle + + 23.0 Total (10 cities)— Grand Total (110 Outside New York •Estimated.' cities) 486,743,639 1— —— 10,653,933.617 ___ ,.* ■ 4,356,043,384 9,487,'284.091 £12.3 4,323,325,382 + 0.7 495,223,519 9.024.338.050 4,279,807,448 361.065,876 8,036.256.819 3,859,884,928 Volume THE COMMERCIAL & FINANCIAL CHRONICLE Number 4349 161 CANADIAN MARKETS LISTED WEEK ENDING RANGE FOR 141 DECEMBER 29 Week's Friday Montreal Stock Canadian 'M..,., ' •••> • ■ , 14 % 15 v:. 98% 98% 98% —" 101% 15 Ltd —; Aluminum Co of Canada Asbestos Bell —___ Telephone Brazilian 85 53 21'A 21% 436 14% 14% 595 38 151% Mar 22% * 21 22% 21 20% .— * 11% 11% 11% 19 Walker Gooderham 18(4 18% Dec 23'A Jun Weston 17% 51 17% Cement ——* 9 100 common Preferred 24% 24 Northern Power Canada Steamship common..... 5 c!o preferred——. Canadian Breweries Preferred 11% Dec 20%* July Canadian Car & Foundry 20% May 15(4 New preferred preferred Old 6 100 18 15 Jan 15 — "B" Class Locomotive Canadian Aug 9% Apr 12% 4 40 3% Dec 72 25 57 34 Feb 77 Nov 22 22 5 20% Jan 22% Nov 10% Dec 100 .100 105% 105% 100 5(4 July 15 Feb 130 Jun 35 100 103 100 Dec 100(4 Dec 6% 5% 6(4 954 5 Sep 67% !l00 ; 66% 67% HO 62 Jan 7(4 Mar 69(4 Oct .10 15(4 Sep 15 15 15 14% Sep ..10 14(4 14% 14% 228 14 Dec 15 Sep .10 17% 17% 17% 200 15% Oct 18(4 Sep 28% 28% 75 26 Sep 30 Oct 15 15% 521 14% Oct 15% Sep 89 ' — Scotia—— Royal -a— .10 . - .10 —a—a.——„—. - Feb 40 40% 95 31% Jan 40% Dec 8 8 1,370 11% 28% 29 30% 45 - V Apr 12 Dec 25 Jan 29 Dec 20 27 Jan 30% Dec 235 158 26% ' 6% 6% .. ' 36 30 26% 33% 50 6% 17% : Jan 47 r;V Range for Week of Prices Shares y?v/-' Par 6(4 cum 7 % cum preferred Low & Paper common..!./.* preferred..—. w4__100 Abitibi Dec 27% Oct 35 Jun Aluminium Ltd 6% _,___ 47 49Yi 143 143 100 Feb' 5 Jan 7 Dec 18 Dec Brown 6% July • 1,350 24 43 :,'5?% Nov - GO Jan 143 -V 110 Jan 119% Dec "45 . .. Jan 2% 75 : '.'J; Dec C 25 2.30 45 Company common—1 4% July Apr 25 24 2.20 High Apr 20 : 3(4 3(4 V 2.30 2% 27 910 „ 119% 119% Bathurst Power & Paper Co Ltd •"B"„* British American Oil Co Limited.——* Dec 17% Low ■" 2%!: 2% 48 preferfed.ilOO cum Range for Year 1944 High 27,4 Power ■ Oct Jan Sales Last Sale Price STOCKS— 5% 190 Week's Friday Dec 158>: 26 50 ; .. 24% 675 6(4 6% 6'A 17% < 141% May > v. ■/•'"..45 33(4 •Ixrri'- Canadian Funds Dec 8 Montreal Curb Market Jun 45% ■■ V ;V;V 46 8% ••Jan 585 11% Jan 41 535 45% —•" 5% •. 406 , 44% •_* (new) Jan 105% (old)—.. Jan Jun 5 * — Jan 7% 4 Aug 12 * * Canadian Industrial Alcohol com 15 •.,9 4 158 —* preferred—.: Canadian Foreign Investment- 10% 10 Jan 150 100 Canadian Cottons common— Dec 5 10% Dec Dec 1.780 30% . 13% 13% 10% 72 Canadienne Dec 21 7% 29 Canadian Celanese common———* 7% 9% 120 ' Apr 11% 7 11% 25 25 ,f» Jan 103% May 11% ' 8 0 — 6% 1,466 21 44% common Jun 22 Montreal 40% 1a— 76 20 13% —: preferred Commerce 120 7 * common— —— Jan 76 ' BONDS— Jan 11% ^ j. Corp———* * —50 69 Dec 76 8% Jan Jan 8 120 : common——* Foundries Iron Canada 69(4 Aug 110 10% Preferred Jun Jan 15% . Feb 69 & Worts com.. — (Geo) 3(4 21 panada Forging class "A".———* Canada 9% 9 (4 120 ■ 63 69 Winnipeg Electric common— Nov Nova Canada 11(4 76 125 Preferred- (new)—— 16% Mar 164 Nov 480 —■ 53 Preferred. 1.85 May 55 18% 115% Jun 130 United Steel Corp.. Dec Sep 665 * 5 —I Products "A"_——— Gold Dredging.— 20% 133 2%. 2% 2% * High May 11(4 —— Dec Jan 47 1,886 1C8 11% * 162 162 * — Building Bulolo 14% Low 4,080 69 City Rapid Transit common. 102 18% May 13% Jan ' Corp "A" — Mills—: Silk B-ruck — 21% Power "B" Class — Twin Range for,Year 1914 High 115% 115 11'4 a —-— 101% 96% Jan 10 Light & Power Traction Columbia British Sep ♦ common...... — 115 Shares 98% Dec 160 100 „ 16 Jan 53 * ._* Corporation Bathurst Power & Paper "A" Jan ———. Brothers.—. Tooke Dec 9 215 50 Canada of Co Preferred 89 ■:! ioo 101% Steel 11% Jun 5(4 Jan 650 1 : 101(4 102 101 V preferred—100 Anglo Canadian Tel Co preferred Range for Year 1944 Low Hign 225 .9% ' —100 ——__* _ Aluminium Shares Low .100 Power—: Canada Southern High 9% common.——* Algoma Steel common Preferred Low Par -v . Acme Glove Works Ltd of Prices Sale Price STOCKS— V Simpsons preferred-- for Week Range East of Prices Par Sales Week's Sales for Week Range Sale Price STOCKS— Funds Friday ''' ■■■■ East Exchange 1,644 1.55 • 4% Mar Mar 20 ■ 24 Dec 2.40 July Apr- - Pacific Canadian 13 12% 13 49 % 4834 491/2 33 32% 33 39 & 25 Ry—; 39(4 2,365 / Preferred : 10% Jan 14 39 • Jan 55(4 July Canada & —100 Northern July ' Calgary Power Co Ltd 67o Consolidated Mining & Glass.—— Consumers Cork Crown Smelting.—5 Seal & —* Co v; 400 170 27% Jan 33 Dec Canada 11 ' 29% Feb 39(4 Dec 7"/o Power 105% 105% pfdj..l00 Ltd—.* cum Dominion Sugar Co •25 31 45 Dec 104 :1 Aug 12 v"-.- >May 107 ! Feb 860. 20 Jan 746 24%. 25'4 73 Nov 25(4 Dec . - Corp Ltd• 100 preferred 100 ' •98% 100% > 100% Deo ' * —* —25 Dominion Bridge——— Dominion Coal preferred , 42 401/2 — * Distillers Seagrams common 9 42 .175 •'■■■' '453 ' 30 31 u% 31 12% ■" Canadian General Canadian Industries 33(4 Feb 42 "1 23% Jan 31 11 % 325 Oct 14- Jan Canadian Light & Power Co 10% Dec Canadian Dec July it Investments Ltd. Ltd '• 13% 65 159 159 11% 12 2.00 2.00 505 70c 75c 26 — ■* 100 10(4 46 13% # "B" Jan 15 Dec 13% 145% May 45 ■' v Aug 1 166 15% May* Apr : ; ' Dominion Dairies common..; Dominion Foundries & Steel Dominion Stores "B" Coal Steer & Dominion 9 25 Ltd * — !: ;• Textile common * —. 100 Preferred .—I Corporation! Enamel —; — ———1. _* * & "B"_ Class Dec 13(4 Dec Cassidy's 68 Apr 74-.- Feb Catelli 155 Feb ; J50 Food Celtic ' 4 ii_ Products. Ltd * " k'k 6 100 6% .6%. May .8 ,;t % ': 5 5 50 5 * T •• 21 .—* 20 • 200 14(4 Preferred Sep :' Dec ~ 7 Jan Jan 22(4 ' ' '■' 4 Alcohols 4 Ltd— >. " 'r> 3(4. Jan 5 Consolidated Paper Corp !. Ltd • •• ■■ 63/8 10 : ioa 1,000 Mar Sep ; "10c 12 v 183 ■ - 8% 'f: 1,674 9 29(4 9 29(4 : 60c ..! Jan" Sep ; . •> -44 " Jan 5(4 :• •: Jan 4-vf Jun " - - Aug' 2% *, •1.675 ' Dec 12 -•2% Mar V 44 ' Z\'2 Juh >'~ 67% Feb 101 35c •' 35 !•" 3(4' 8% Aug Jan 2 - ' 44 3% 70(51 Mar r' • "40 • 109 ; 4 2% Mar ' May- 4% May • 20 75 • Jan 1.85 50c ' O - ; , 11% ! '35c 100 Commercial Sep 1 Dec ~ 3% July ... •/ >- Dec ,9y2 Nov r 20 14% Apr 21 /NoV 810 8% Jan 11 Dec 85 Jan 100 93 Jan 103 ;/2i 4 6% : 11% common!. ~L* Claude Neon Gen Advert 9(4 Dec May 4% 'to 23 % 231/2 23 % •53 • L Knitting Co Ltd.— 6 52 6%. • > —1 common • ' .380- . 6 '/a Nov 164 4 ! Canadian Vickers 7% preferred—i. Limited : v; V.4'. 4 com!. preferred- cum 14% Jan • .„1 Co " ——• —; , Foundation Co of Canada ' 5% 9% July Jan 8 14 ' . 12%. 63,4 Apr 9 105 72 12 v,' • 12% , Heating Products— English Electric ."A" 17 50 Marconi Canadian Pwr & Pap Inv Ltd 26%. July Apr 400 V 8(4 .>*% • Dryden. Paper—i Electrolux 121/2 161J% 161(4 161% 22 2,326 • 14'4 i-71% 72 4 (4 Mar 25 8'/a ■ 14 (A • 3 / I2V2 v Dominion Tar & Chemical common—* Dominion 26 77V 8'/a • 9 26 * Dominion 24 Jan 33 Jun 38 38 110 28% Jan 39 % Nov ; 15% 15% 35 13(4 Oct 15%. Pec 3(4 Engineering Works Ltd..—* ! 50 . . , _ " Dominion Oilcloth & Linoleum Co Ltd.* Gatlneau ; 5% • Power Co preferred— preferred. 100 —100 5%% General Steel Wares Prefeired Gurd 8(4 8% 6% 5% 71/4 22% 110% 21(4 22% Hudson Mining—'—; Bay Industrial Acceptance Preferred Nickel of Canada International Preferred Power International Dec 11% Dec Aug 25 25% 725 23(4 Apr 26%" Jun 35 5% 36 450 20 Jan 38 25 Dec 75 Fraser 36 13(4 International 5(4 125 2% Jan 6 International 26 26 29 19(4 Sep 28 Dec Jan 22% Dec Int'l 50 50 20 48 Apr- 50 Jun Lake 22(4 22(4 25 16(4 Jan 24 Dec 11% 12% 1,080 106(4 Mar 112 Dec 26(4 Mar 32 Paints (Can) Ltd "A"..* Utilities Corp common..* Foundation 6r/c cum cv pfd.j—50 25'A 75 21 Mar 27 Sep 10 100'/2 100 »/2 St John Power & Paper.——* Mar 100'4 Nov McColl-Frontenac Gil.6% 12 Jan 18(4 Nov Melchers 22 Jan 30(4 Dec Minnesota 31(4 1,037 28 Apr 35 (4 Jun Montreal Island Power Co 231/2 A 22 /• 1,121 24% Dec Montreal Refrig & Storage v t Dec 22 Moore 101 101. 14(4 21(4. / 2,165 291/2 33 Jan 19% 20 22% 106 Mar & cum Dec 200 > 23 Jan 13 Jan 425 / pfd—100 pfd. Apr 17 Nov 19% Jan 22(4 May 15 103(4 106 (4 :V/8 Feb 9(4 Jun 9% Jun 9'/a 12% 25c Jan Aug 10(4.i Dec 13 Dec 25c 12 2% 2% 60 60(4 33 (4 33 (4 com. Sep 25c' Sep 39 (4 . , 40 '20. 10 • Dec. Apr : Dec July 43 90 435 "94 39 Dec1 60(4 39 Oct ,33 45 2% Jan 46(4 140 ' ■ Dec 98 Sep ' 94 ■ " * 5'/a 6 540 5 Mar 6 Dec Southern Canada Pwr 6 7o cum pfd__100 Windsor Hotel ..._—i 26(4 Aug 16% Nov 105% 106 4 103 Sep 106 May 22c 22c 894 5 5 47 7(4 7(4 8 16c Sarnia Bridge Co Ltd "A'' ; ; , Nov 1.65 5 - 60 107 Jan Sep 7% 1,930 _*r . 10 25 12% 25c 5 United Securities Limited Oct 106(4' 9% 12(4 10 Paper... 300 5 Dec 15(4 625 ' Limited Ontario ..Corporation Ltd—__' ___* 65 NC part 2nd pfd_/._50 Quebec Pulp & Paper 1% pfd— 10Q Reliance Grain Co Ltd preferred——*- Dee 115 Distilleries Power Corp Jan 33. Jan 15 16 101 Apr 900 109V2 109'/} 26(4 261/2 16 Apr 76 46 • 20%. 13% ,2 22 ' 96 5% May 16 21% 12% pfd.100 cum 30 : ■ Dec 16 Maple Leaf Milling Co Ltd common.;.* Maritime Tel & Tel Co Ltd common—10 -Massey-Harris Co Ltd 5% 125 181/4 ' July 15% July 13(4 July 29 V Dec Dec Dec Jan 18 «/4 Jan 7% Apr 29 ■V 4 9% 10(4 * Companies Limited common. :.* ■.- > . Apr 12% 18% *, Ford Motor Co of Canada Ltd "A".1—.* 480 i Aircraft Ltd Fleet 105(4 Nov 1,441 * 8c Sons Ltd 8(2 Apr 130 1,195 a_100 (John A) Jan 1.279 3% 12% Lake of the Woods Milling common—* Lang 1,300 11% 3Vb 131 30(4 common 8% UVa 13(4 15 Preferred 7% 11% 30 Ltd—JLJ_*' Co 8(4 * 121/2 aa_—_ul00 :—, !_—* 13 '/a com International Paper common International Petroleum Dominion Woollens common May 5 5,222 •v- / Donnacona Paper Co Ltd— 30 25 — 6(4 38 —20 —J Dec 251/2 * , 125 Malting Dec ,/ 13 % 12% ! 100 — Preferred Dec 5,561. 110(4 111 Corp common..* International Bronze common Aug 75 Dominion 17% Aug 30 * ; Imperial Oil Ltd -a-* Imperial Tobacco of Canada com— 5 100 5 —* 100 , 11% Mar 50 : • ._* Howard Smith Paper common 555 75 —* _ .Preferred 104 75 j :45 :::: ! 17'4 75 200 . 103 104 —100 Gypsum Lime & Alabastine..; Bridge. Hamilton - 99 V; 16 104 —100 preferred—-. 99 103" 17% :' 11 101/2 99 —* common — (Charles) 10% —* common : - Southmont Investment— Massey-Harris —* — McColl-Frontenac Oil— Mitchell (Robert) Montreal Lt — Car Ottawa Power Price 26 22 22.(4 28 40 26 40 39 40 425 * common Aircraft— 27 16 _* — Bight Heat & Power com...100 of Canada ; & Co Ltd preferred..; ■ -35%< Paper preferred—. 100 St Lawrence Corporation common.—* Preferred "A"— " ——50 27/s see 19% Dec the details NOTICES General M.) (A. Central Rhebem Pacific Co., Ry., Theatres 7% OF called preferred 1st ref. ,\ 4 (4 c 1,000 2 (4c Jan 25% Jan 17 Jun Kirkland 4% Feb Mines Ltd 1 Gold —* Rand 5% Lake Shore Mines 9 Mar Jun Jan 93 Jan 305 12 May 6 99 36(4 Jaai 105 3c Jan- 7(4jc 8c 3,800 4(4c Jan 100 Gold , .15(4 Feb 200 80c Dec 58 300 56(4 May 8c 8c 1,800 1.20 1.20 100 5C 5c 100 68c 68c 1.100 ,.-66c 63C 63c 63c 1,000 42c Mar 62C 60c 62c 9,700 56c Dec 2.38 2.38 100 2.25 Dec 4.35 Aug Feb 5.00 May Nov 3.65 Mar a1< 8C; 1 Sherrltt-Gordon —— 46% Apr 13(4 May 65 Oct 18% Dec 23 21(4 25 Ltd.A. Ltd Waite Mines...; Amulet — :!—.1 Jan 7c Dec 1.08 63 • ^ July 15c July ' 1.20 Dec 3 (4 c Jan 8c May Jun ,90c July 1 4.65 4.65 1,000 4.55 _* Ltd Mines / Home Oil Co Ltd— Nov 1 —1 Steep Rock Iron Mines— • 20% July 17 Nov 290 July May 90c —__1- Stadacona Dec 15c -18c 58 Mines— Mines 30% July 23 %c 17 Queenston Gold July 90c Shawkey Gold Mining Co Ltd— Siscoe Dec 9c 5 Dec Mines 19 (4 c Dec 13 (4c July __.l .1 Mines Ltd— Pandora Cadallic Gold Mine4 Ltd 3% July Jan 1,500 Aug 15% ■! 2(4 Mar 3,500 Mclntyre-Porcupine Dec 101 100 20c 7 (4 c 1 Louvicourt Goldfields Ltd 8 Oct 25 25% 20c 7 (4 c 25% 1.00 _1 Ltd 5(4 Mar Jun ' _1 Ltd—— Jan .7 300 18 -Feb Page .—Feb bonds, due 5s__ $2753 * * * * 28 1 1949 Feb 28 —a—Jan 15 REDEMPTION / :> • ; Date Atlantic Sugar Refineries, Ltd., 4% bonds, due Columbia Power Corp., Ltd.— 1st ref. & collat. trust 4%s, due I960— 1951—. .Mar 1965 , oate Page • . / $2393 Page 1 12754 3.00 3.10 700 2.85 1.20, Dec 1.25 July 74 (4c Dec 1st mtge. 4s, due 1st mortgage 4 Jan 15 $2755 Feb 1 3 3(4% bonds, ser. E, due 1996. Feb Chicago & Western Indiana RR.— .Mar V" 1st'& ref. mtge. 4(4% bonds, series D, due 1962 Cincinnati Gas & Electric Co., 1st mtge. 3 (4s, due 1966. Feb Ref. and improv. mtge. , 1 1 $2539 1 4 Cincinnati Union Terminal Co.— St. Joseph ■■-' ' 15 $2756 1 $2756 .Jan 15 $2757 .Jan 31 ' Flintkote Co., preferred stock stock Lefcourt State Building, N. Y. City— 1st mortgage 4(4% leasehold bonds— Hecht Co., Lukens $4.50 cumul. 4(4% Steel —_ preferred Co., 4% % debentures, due — •U States Power Co. 1st mortgage 5(4s, due 1972 r Company and Issue—7. Chicago _Jan — 1952 —_. 8 $2758 9 Feb ,.- 1st mtge. 4(4s, due — Feb series A, due 1971——Feb:»:t & Electric Light Co.— 25-year 6% mtge. bonds, series A, due 1948———Feb 10 Eastern 1 1st mtge. 5% • 1 bonds, due 1954_Jan 22 1 Power Co.— mortgage 5(4% Oregon Light & Refunding & collat. Gait Brass Co., , .Feb $2548 ir$2654 $2644 $1629 1.5 « . bonds.— Mar Inc. bonds, due 1950_Feb $4.50 preferred stock_ --_--w.Jan Ltd., 1st & ref. 5% General Fopds Corp., —' $2548 I $2336 Page —Date 1955—Jan' 31 Burlington & Quincy RR.—- 1st and refunding mortgage 5s, Deerfield Packing Corp., $2080 10 ■ ENTIRE ISSUES CALLED Arkansas Western Gas Co., (Wis.)- 3 (4 s, due 1964— Philadelphia Electric Power Co.—• 2 Danbury & Bethel das McCord Radiator & Mfg. Co., 6% debentures, due 1948 Feb Mercantile Properties, Inc., sec. 4(4% bonds,, due 1963 .Feb 1st mortgage Feb due ':1 <)??. 4 Duquesne Natural Gas Co.,'gen. & ref. mtge. 7% bonds. .Jan .Feb Empire Gas & Fuel Co., 3 (4 % debentures, due 1962 (4s, due 1979 Heat & Power Co.— v $2398 1 bonds, series E, due 1969 Page Ry., Light, mortgage 4(4 s, , 1 mortgage 3%% , it;,v 1947 —Feb 1 Salmon River Power Co., 1st mortgage 5s, due 1952 Feb 1 Shell Union Oil Corp., 3%% debentures, due 1961 Jan >15 Simmons Co., 4% debentures, due 1952Feb 1 Spalding (A. G.) & Bros., Inc., 1st pfd. stock Feb" 5 Springfield City Watered., 1st mtge. 4s, ser. A, due 1956 Apr >:l 1st ■ J Feb 1st mtge. 5(4s, series A. Apr 1st Cleveland Union Terminals Co., Date Company and Issue— Safe Harbor Water Power Corp.— British Northern , American, British & Continental Corp.— ' • 5 %- debentures, due, 1953—Feb1 1 4c 13% 58% TENDER stock mortgage PARTIAL Ltd—! Duquesne Joliet-Quebec Mines Ltd— Oct 1st mortgage refunding bonds—Feb 28 Company and Issue— Jan Dome 22 for stock common 1st mtge. Corp,, Southern Pacific RR., 2 (4 c Dec May Date Corp., 1,000 July Brooklyn Borough Gas Co., Chesapeake & Ohio Ry.— Company and Issue— American Byers 6c July 13 given in the "Chronicle." were 6c 26 285 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 Aug Ltd—•—.1 60 list of corporate bonds, notes, stocks common July 69c Sep 27% Notices and 31c Oct 71c Feb Company and Issue— preferred Jan 39c Jan Redemption Galls and Sinking Fund a 15c 1,000 1,500 16c 139. page Below will be found 2,500 40c Jan 100 Dec 80c 15(4 1,686 7(4 40c * — 23 y2 19(4 ;• Jun Mines Central Cadillac Gold 17% 18 common footnotes For Jan 57% 58(4 5(4 Man 4% Mines Cartier-Malartic Gold 23 Lawrence Paper preferred 100 Shawinigan Water & Power—— * Breweries Dec 13(4 225 / Mar 30c Jun 80C 1 48(4 ; 3 2% 40 18% St Sick's •? Jan 19 • 105" 105 - 33 100 15(4 14%. 151/4 May 2 1 Aumaque Gold Mines 1,265 101 101 * Rolland 351/2 • - Aubelle Mines Ltd Dec 50. a 17c —1 Corp Ltd.__ Copper Dec 29 420 8',4 6(4. 34 1 Aldermac Dec 40 Sep 120 5 6'4 100 Quebec Power, - 8(4 * common 16. 5 6% . 28 Jan 19(4 100 ' .' STOCKS— 230 - 27% , Jan MINING 710 v 51(4 ,51 51 % Deo 22c 100 Jun " 23(4 35 • 3,157 23 23 * * _* common 19(4 il8% 19% * 27% Apr 18 86 Jan 18% 70 _* -16 5 26 Corp Bros 335 28 Car Corp Products 6% 3,076 .40 Niagara Wire Weaving Ottawa 241/2 22 26 Noranda Mines Ltd Steel , 26 40 National Breweries common Ontario •849> 1 25 Tramways Ogilvie Flour Mills ■ ■ 100 Montreal Loan & Mortgage National Steel 9 * Cons Montreal Telegraph Montreal 9 81/2 9 * — Power Ht & 8(4 8% * Hphpntures. due 1956 Jan 1 Y 31 $2646 $2757 142 Company and Issue—" ; . Page Date . Eastern bonds, due 1948 preferred mortgage 4% 1st Hackensaek Water $1969 $2543 preferred'stock:—X.XXXX—XiX—XXXMar 31 America— \,y, A\XXX--XX*.XXX; and refunding 6 Va % bonds, due 1947——--—Feb 1 Kobacker Stores, Inc.,. 7% preferred stock———Mar 1 Metropolitan Edison -Co.— X; ■ XXX'X'''-X >'•+•'. \ *•:' -"VX; 1st mortgage 4Va % bonds, due 1968— _—_r—.—Mar 1 1st mortgage 4% bonds, series E, due l971„-X—_Apr 2 1st mortgage 4% bonds, series G, due 1965——May 2 Namm (A. I.) & Son, 6% sinking fund debenture bonds_Feb 16 National Dairy Products Corp., serial debs., due 194$—.Jan 15 $2647 lien $2758 . 1st mtge. 5s, due 1952——Mar $2075 . $2759 . 1 4'/is, series A, due 1952 „Jan Rheem Mfg. Co., 6% convertible preferred stock Feb Roos Bros., Inc., preferred stock _—v .-Feb Shell Union Oil Corp., V/a% serial notes, due 1946——Jan 12 1 1 $2188 $2189 was 15 $2548 Spalding {A. G.) & Broe., Inc., 2d pfd. stock Feb Tide Water Power Co., 1st mtge. 5s, series A, due 1979-Jan 5 $2336 adjusted declined $62,000,000 in the Philadelphia District, $51,000,000 in the San Francisco District, and $62,000,000 at all reporting member banks, and increased $32,000,000 in the Cleveland District. declined B—. Jan United Amusement Corp., Ltd., 1st mtge. 5s, series A—Feb United Cigar-Whelan Stores Corp., 5% bonds, due 1952_Jan . 1st * 42655 1* 8 Mines Inc. Consolidated, Pioche Mines Consolidated, 22 lot * : '" United The Muirhead 25 & Gil Athenaeum Boston i .' 6.8 , Coal Guardian 1,450 Co. & ($2Va ($300 Utilities & Holway, t part15,350 ($5 25 lot Inc., pool rets. ($5 par; par) part—' :22 11. 295 —— Specialty Corp. Inc.... 5 lot' — 136 lot ($100 part- 21 lot! ------ all districts. J'All others in Volume 160. Announcement in this issue. Pioche 9,650 deposits'increased in nearly United States Government $2655 ($100 part; 17 Association, common preferred Beta-Upsilon $10 par); 34 2-10 Vitamin Food Co., Inc., Common J $21,000,000. Demand deposits $2116 15 Massachsetts districts; the net .increase Inc., Underwriters, ance and in¬ District Chicago the in $24,000,000 in most of the other creased $2760 27 City Rapid Transit Co.— lien and refunding 5V2S, series Twin ' - ■ $1299 1 mortgage DIVIDENDS Deposits credited to domestic banks declined $63,000,City and $127,000,000 at all reporting 000 in New York Statement of Condition of the 12 Federal member banks. Reserve Banks Combined member banks (In A summary ^ x. X. >: -x . which Inc. (+) or Dec. (—) -Since- Gold certificates on hand and 1945 17,837,265 607,106 245,352 due from U. 5. Treasury Redemption fund—F. R. notes— Other cash - 18,689,823 29,850 3,741 Total reserves— Discounts and advances Industrial loans O 0. Govt, 621 2,222 — U. S. Government 6,428 — —480,451 + 4,886,640 Certificates + 154,500 + + 1,568,221 Notes 4,095 H 1,239,331 Bonds —330,046' obligations 1,431 » . 353 + 1,335 325,195 2 34,271 „ 59 — 58,361 Other assets 3,335 + Other securities 929 657 5% preferred (quar.).: .3 X Anchor Post Fence Co.. 6% 15c 50c $1.25 $1.50 1,144 162 552 + 56 16 + 132 Atlantic City Sewerage (quar.)—. pfd. (quar.) Co. Atlas Powder Co., 5% — pfd. (quar.) conv. 1-10 2- 1 2- 1 1-31 butyc $1 $1 20c $1,25 Anglo Canadian Telephone, 5M<%' pf. (quar.) Arlington Mills (quar.) X XAtlantic City Electric. 4% preferred (quar..) + 2 :f 1-15 ■[ l- '■ 1-15* XX Inc.— Co., Casualty & Quarterly XXiXX-X ——— Viscose Corp., common (quur.K— American 3,769 + + (quar. 4,530 2 2,295 banks' Balances with domestic 4 — Corp. — + — X+ 43 ' X+X 2 9,328 Cash in vatilt 3,747 — Fidelity preferred— 1-12 1-25 2-16 1-31 50c 87M>c 50c 75c X X — 4% oj tiec. Payable Share + 21 + 2,948 Banks American 6 Inc. Aviation. Petroleum 810 1,349 + & American Amerada 4 — •— 24 — — 614 X Government - Reserve with Federal Reserve XX. * 9,250 Obligations guaranteed by U. S. 6 195 + 21,412 U. S. bonds —. 23 Straus, All 50 —171 10,099 Treasury notes 327,932 — — 2,428 Treasury certificates of indebtedness—— 19,106 + 14,983 + F Holdert When' Xl»«r (year-end)- & Fitch Abraham 1,301 + 3 + — X;X ' Name of Company Abercrombie 9J + 59 Loans to banks :XXX'' XX: 91 1,058 . Treasury bills +7,083,827 + 107,543 2,431,237 Uncollected items .809 —137) 1,526 obligations— Real estate loans 393,046 136 Due from foreign banks F. R. notes of other banks + 20) V 706 ■ Other securities + 7,076,449 -455,036 18,767,949 97 Industrial and Miscellaneous Companies — - •i Total loans and securities The dividends announced this week are: .+ 24 + 6,518 XX::'X; ... U. S. Government declared. +■■■ 2,147 pur¬ Other loans 18,734,358 (incl. guar, sec.) Bank premises for Other securities 2,409,340 890,321 — dealers past dividend payments in many cases are given under the company name in our "General Corporation; Investment News Department" in the week when 10.003 + X Further details and rec-- and • . Other loans for purchasing or carrying: 4,177,212 Total U. S. Govt, securities • —159 [ x, and chasing or carrying: 950 — brokers to Loans —1,410,614 1,025 —122,768 11,040,166 Bills —144 12,986 . and agricultural industrial, , — securities: ' 59,737 . i Commercial, 91,214 — Investments—total Loans—total 355,815 + 21,596 + Loans and —1,675,215 22,000 — ord of $ K:'; $ $ Assets— 1944 1944 — 5, 12-29-43 12-20-44 12-27-44 Jan. announced, but show the dividends previously we which have not yet been paid. ) or X Decrease (—) Since Increase ( + 27, are . (In millions of dollars) Dec. Jan. 3, grouped in two separate tables. In the, first we bring together all the dividends announced the; current week. . Then we follow with a second table in; Dividends V "" ;, X-' i of the assets ,and liabilities of reporting follows: XXf.Xx.-XXX:.' X .<• -^XXxx XX x.; thousands of dollars) Assets— 12-31 2-1 2- 1 2- 1 1- 3 i'--* V 1-15 • 1-15 s 1-20 1-10 1- 6 l- | 4 , ( 12-30 1 1-19 2-1 Badger Paint & Hardware Stores— 40,089,320 Total assets +6,008,197 -112,607 Increased Liabilities— deposits-adjusted Demand Liabilities— Federal Reserve notes 21,742,796 Member bank—reserve acct 13,921,395 U. S. Treasurer—gen. acct Foreign 388,480 Total deposits + — accrd. divs 1,319,639 2,509 >+ 17,451 —348,874 + 807,127 + 221,062 + 306,641 5,202 + Ealdwin 138 + 6,541 Baltimore —127 875 + 18 + 83 + + 891 — 164,399 + Surplus (Section 7) 228,153 — + 40,056 Surplus (Section 13b) Other + '< 2,285 9,463 200 + 200 39,579 + 8,528 + + — ' Boston 1 Total liabilities & cap. accts._ 40,089,320 6,008,197 49.4% F. R. note liabilities combined to Commitments make .5% .+ — 6 13.0% indus¬ 3,809 trial loans 1,045 — 200 Buffalo Placers Corp., class B 50,000 ($1 Condition Statement of Member Banks ($10 The condition statement of par) 4 lot subject voting trust & Electric Co., 7% 25 lot Oil Co., Inc. Kreuger & Toll Co. American 77 —— ctfs. ($5.36 p$r);$500 Crest Co—— Lithomat 50 ; 1 lot North Continental Oil & Gas Corp., 1,000 Corp. 7% pfd. -X-. 35c - XX' 10c $1.50 X $1.75 — cer¬ 2- 1 2- 1 — 60c $1 12VaC 2- 1 2- 1 l-lo 1-30 common—__ 25c : ... Banking (quar.)— 25c A Official..—. ' ; .251247* .251247* Free.^ —,— Australia, pound .251247* 3.228000 3.228000 .... 3.228000 Official Free ■. .... Free . 2- 5 2-10 1-19 1-31 1-17 25c 1-31 1-17 $1.75 $1.50 ... Mexico, peso 4.035000 Official - ; .909090 - 2-1 1-15 2- 1 1-19 $1.21% 2- 1 4.035000 .301215 .301215 .205820 .205820 .205820 .909090 .909090 .909090 Union of South Africa, pound .895625 3.980000 3.980000 3.980000 .895625 3.980000 .658300* Noncontrolled .541966* .541966* W Holiday 4%% preferred preferred (quar.) Jantzen 5% common X _. .541966* .541966* .541966* S-4 Leece-Neville 4% Co. preferred ... — common 1-19 2- 1 1-19 2- 1 3- 1 1- 3 1-15 63c 1-15 12-30 10c 1-15 12-30 10c 4 (quar.) 1-12 $1.25. 20c Series B-3 (irreg.) (irregular) .658300* 1-15 . 10c preferred (quar.).— Stephens & Shinkle Shoe Series .658300* 1- 8 12-29 $1.50 (quar.) Johnson, Keystone Custodian Fund .658300* . ... —... Knitting Mills, com. Lehigh Portland Cement, •Nominal rate. pfd. (quar.). (quar.)! (quar.) (quar.). (initial)—. Interc'nemical Corp., 3.980000 • .658300* Co. 3.244203 ^ ■ Uruguay, pesoControlled Co., $2.40 pfd. Electric Light - G% .895625 3.244203 1-11 40c Hartfcrd .572200* .572200* 3.244203 5 1-15 2- 1 1- 6 2- 1 4.035000 .895000 1- 2- 1 Wares, Ltd., 7% Halle Brothers V .898125 3.244203 (quar.)..— 60c 68a4C Holyoke Water Power Co. (quar,). i20c Horn <fc Hurdart, Co. (N. Y.) (quar.). 40c Houston Ltg. & Pwr. Co., $4 pfd. (quar.)__. $1 "H j .898125 .895000 pound Malting & Class B .+$1.25 • .909090, 3.244203 Free 1-16 General Steel : Newfoundland, dollar— New Zealand, ' 1-20 .051803* - .909090 2- 1 2- 1 .060605* .301215 .205820 ' 1-15 Grain Fyr-Fyter Co., .909090 ' .572200* 1-15 10c Froedtert 3.228000 4.035000 Holiday 1-15 1-15 .251247* 3.228000 .898125 .301215 ■ 1-15 12-30 .909090 4.035000 .301215 .205820 " Products. Inc., 1-10 1-15 1-31 .051803* .572200* .572200* Colombia, peso England, pound sterling India (British), rupee !'• 1-19 pfd. (quar.) 6% pfd. (quar,). Gregg, 7% 'f; ■ 12-26 1-15 .060602* .897500 1-19 'V 1-23 9c .051803* .897500 ....... ... 6 10c 25c .060602* .909090 ......— 6 1- A (irregular) • Official ; 1- Ffrst Mutual Trust Fund Shares (irregular). - .909090 2-15 , Foundation Trust Shares, Class .051803* .051803* ; .251247* • .. ; .297733* .060602* .060602* —.—... '': 1-15 12-30 Brazil, cruzeiro— Canada, dollar— i-i5 12-31 , .297733* .297733* Holiday .297733* ,297733* V; 12VaC £50c 25c X (quar.)__ Corp. Fibreboard $ ; 1-10 1st preferred (quar.)—* Faber Coe & 1-4-45 5 12-30 Extra $ $ $ 1- 12-23 1-15 2- 1 2- 1 2- 1 ■ Employers Group Associates (quar.).. 1-3-45 1-2-45 1-1-45 12-30-44 12-29-44 XvX-; ' 1-12 12-23 1V/*C 420c |75c t37V2C ... — .. Argentina; peso— i-1 1-25 1-25 (quar.)X Co., preference i i-1 i preferred Class (quaf.)_: X_—X— Eastern Theatres, Ltd (interim) X Country and Monetary Unit 1-20 50c Rub!>er Manufacturing, Eastern Transfers in New York 1-20 1-20 3- 1 —. Inc. Vilbiss 2nd # Buying Rate for Cable 1-15 ' 25c $1.75 Utility X 6% . 1945, INCLUSIVE : s. 1-15 1-15 • Co.. cohiinonw——— 7% preferred (quar.) X Dominion Fabrics, Ltd., common (quar.)_.— . Noon 12-15 2- 2 2- 2 15c Cork & Seal Co De ; 37'/2C 37>/2c pfd. (quar.) preferred (quar.)— $2 of the 4, — Corp.— Commercial Crown of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries world. We give below a record for the week just passed: FOREIGN EXCHANGE RATES CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930 1944 TO JAN. 2-15 2-15 2-15 1-10 1-10 2-1 1-15 1- 5 1- 5 ' Exchange Bank Trust Co. (N.Y.) (quar.) Dayton to the requirements 29, $1.50 $1.25 $1.25 17'/aC 20c > ' (quar.)—43%c (W. B.) 7% Corn Foreign Exchange Rates DEC. (quar,XXX: series A Credit X: X 2- 1 2- 1 — preferred Class A (quar.) Continental Coon 177/» — f 1-15* $1.50 $1.75 Class B (quar.)_^— Coro, Pursuant ——: Consolidated Royalties, Inc., 6% 7 lot Ltd. (10c. par)- 1-15 1-15 4 l/10c —— Ltd., common (quar.)—.. G.) (C. $1 partic. 6 lot Participating Certificate of the Tide 1-15 ; 1 1 1 1 12-15 , 35MiC — —— 2222- 1-15 1- 6 " (final) ord. preferred A (quar.) 7% preferred (quar.) Consolidated Chemical Industries— 300 3 Ma lot ($1 par) B 6% 29 lot Mid-Kettleman 120 preferred Conn 1, 1936- Boston 1 ' 12-31 (Mass.)— preferred (quar.) Commonwealth Edison Co.— 13 lot series A The University Club, income ctf. dated Jan. Athenaeum ($300 par)— X $800 for CI. 8% obi., conv. f X 1- 5 preferred 5% series (quar.)_—.— 5% preference (quar.) Commercial Disc. Co. (Cal.),7% pfd. (quar.) _ Exploration Co., Inc. ($1 par)Associated Gas & Electric Co.,^re«ny. obi.; $3,000 Gas 6% . — Associated rets, & Light Co. Power 4 1-15 1-15 2- 1 — Cum. 20 lot Hawaiian American 5,000 $10,000 (quar.) (Amer. deposit rets.)— rets, for CI. A ord. (final) 6% preferred (quar.)— 7% preferred (quar.-) I 12-20 1-15 125c t38c 420c 75c tlOc ; — $3 pfd. (quar.) Power, Investors Corp. ' 1-15 Columbia Gas & Electric Corp.— 2 lot — ($1 par) banks of the Federal Reserve System in 101 7 lot — (interim)— com. (quar.)—. (quar.)— deposit Amer. Central v 2M»% deposit Amer. 8c > 13 par); Associated Gas & Electric Co., 7% conv. obi. series A; 200 Philadelphia & Reading Coal & Iron common; 200 Comstock Tunnel & Drainage Co. $2,000 weekly reporting member leading cities shows the following principal changes for the week ended Dec. 27: A decrease of $159,000,000 in loans, an in¬ crease of $138,000,000 in United States Government de¬ posits, and decreases of $127,000,000 in deposits credited to domestic banks and $83,000,000 in borrowings. Commercial, industrial, and agricultural loans in¬ creased $27,000,000 in New York City, $16,000,000 in the San Francisco District, and $24,000,000 at all reporting — par) Saint Joe Consolidated Mines, class A ($1 par) Mavis Bottling Co. of America, common A ($1 par)..,: 5,000 5,700 — ($300 par) Athenaeum — (s-a)_— Ltd., 8 2-15 , preferred Carreras, Ltd. —— De Santis Porcupine Mines Ltd. ($1 Missouri State= Life Insurance Co. Utilities Power & Light Corp. A 50,000 Ratio of total res. to deposit & $ per Share $14,000 lot — 300 ($50 par)—— Co. 22tic $1.12Va $1 ) 62M2C X Ry.— preferred Electric Canadian STOCKS Standard Rivet Linen Mills, 1st 2nd California ! Shares 402 80c Elec. J 1 1- 1-20 3- 9 1-25 1- 2 1-31 1-31 20c (quar.) pfd, —„— preference prior $1.50 Wednesday, L. Day & Co., Boston, on Dec. 28: 40,056 + —112,607 27,165 68,679 capital accounts Transacted by R. Co., 2- 'i quar.). Class A (quar.).—.... (quar.)_ Columbia Caldwell . Capital paid In B Inc 4%% 1-15 2-1 shares)— (American (increased Co. Ami Co.. Class Auction Sales +5,949,950 —115,569 39,600,924 Oil Bobbs-Merrill Bon 13,229 British Capital Accounts— Andes - X,':' 16c Barnsdall 5% Total liabilities—: los Bloomingdale Bros, : U. and X—X i 12-30 17'/2C 1-22 10c 2-15 5c X 2-15 X. X (s-h).— Insurance American ... 12-26 1-2 1-15, 50c $1.50 ——— (quar.) (quar.)— Interim 37 deposit accounts except S. Gov't accounts, demand to interbank during week_^ Co. Rubber do Banco 67 X 1,495 — Debits quarterly 6% preferred Baldwin Co., 1,458 + 9,467 Foreign banks 160,517 — 1,147 + Extra Domestic banks 369,450 — 9,732 16,121,800 1,729,458 6,870 Deferred availability items Other liabs., incl. —308,869 1,220,096 , Other + 47,228 — 591,829 + 14 13,836 deposits Interbank deposits: U. S. Government Deposits: 62 + 35,042 7,613 — Time deposits +4,834,687 17,445 + i' . $2759 Pittsburgh Coke & Iron Co.— 1st 1 • $2075 $2075 series A, due 1953—-—Feb Peabody Coal Co., 1st mtge. 5, J XXxX. $ .per share < f: class ' A -($1< par); Electric, & Gas • 7% Ozark Power & Water Co., Associated «. 41526 Apr 1 Mar30 : International Rys. of Central 1st """STOCKS X"V VX'Xji'v X' X'X 19 chasing or carrying United States Government obliga¬ 152 85-40 Central Public Service Corp., class^A? *"+ tions declined $20,000,000; other loans for the Same pur¬ 100 Royal Tiger Mines Co. (lc. part; 70 Kreuger X'XiXx VX& Toll Co., American ctfs. ($5.36 par) X3 Standard XXX xxxxxxxxX'"' pose declined in nearly all districts and the total decrease Mfix Hot Gas &. Electric Co., at all reporting member banks was $137,000,000, the XxX'36 Expanset Corp., common; 10 Expanset Corp., class principal decreases being $53,000,000 in the ChicagoV 105 lot; X A; .25. Expanset Corp., preferred— * »• District and $29,000,000 in New York City. /-'^x 16 Ml • ...—— X sa Public Electric Light Co., common Holdings of Treasury bills increased $153,000,000 in the' Transvaal- Copper Mines Co., common Utah 5 73c. 6,667 not ■;S;assessment' paid Chicago District, $42,000,000 in New York City, and 11 X- is :'I; B. Corp./xXXXXXXXX-XXXxxXifXy-XX lOtj \ $195,000,000 at all reporting member banks. Holdings of 12 y4 ! " •v* io Knothe Bros,, Inc., 6s, 1st preferred ($100 par)— I r.-'v Treasury certificates of indebtedness declined $133,000,Wickwire Spencer Steel Co. 25 ($10 part; 6,000 Etna 376 lotK < : 000 in New York City and $171,000,000 at all reporting Lead & Zinc Corp. '■X xxx v.1 ($1 par)-— i member banks. Holdings of U. S. Government bonds Bamberger-Wheatley Mines Co. ($1 part; 4 Insur¬ 1,000 ** stock Co., .7% Shares dealers for pur- Loans to brokers and member banks. •XX Ry.~ " Ry. Co. of Minnesota, Northern Division— Northern Great (quar.)— —, 1-22 25c $1 2- 1 4-2 2-25 12-28 1- ' 2 1-13 3-14 _ " behhhbhhbhbhhbhbhbhbeb ■A :/-y A A preferred (quar.) (s-a) MacWhyte Louis Ry.— ' JA--,AA:. _ (s-a) preferred _ —. & St. Henderson Common (quar.)-———:A Company Mfg., Marquette Cement 5% $2.50 10c . $1.25 A$1.50 (quar.A____ pfd. (quar.)__ pid. 6% Massachusetts Utilities Associates— /" ' A" 62'/2c 75c $1.50 ' National 2-15 2-15 (s-a) Insurance Extra Brothers, 5% 12-30 4V2% 1-15 1-15 Aro Investment 6% •; (accum. )__--A AA>a82Msc Hampshire (quar.)— A. 81.5C preferred Parke New of Davis Co.____—___________-— & Common ? 111? 1- ■ : 6% ' Corporation— All arrears cleared on Class A A A- in All arrears cleared on Class A in AH - May, 1939—— cleared arrears in Dec.. 1939.; shares issued ——— Potomac Edison Co., prelerred (quar.) 6% (quar.)_AA—_AA preferred Elec. Insurance Extra : Rose's 5. 25c - Inc.. pid. 7% Simpsons, Ltd., 6'/2% pfd. (accum.)_______ $$9.62'/2 6 lit % preferred <quar.)_— $$l.62'/2 Sioux City Gas & Slater (N.) Elec. Co., 7% ' Stott Sun preferred $2 Paper, (quar.) conruuon Drug Co M5 Elcc.'Co. Unu.n Cigar-Whclatv Stores— $1.25 -1-27 1 v ' , Ry. Starch * 1-15 ^'1-15^ 2-15 1-31 % 1-31 1-15 60c CI. Corp.. A (quar.) :• 1 1 1-16 Warren Co., preferred $4V2 preferred $5 Wellman Extra ________ Western 6% Wilson Public 1-25 5c 3- 1- 37'/2c ' 30c : $2.50 ' pfd. (quar.)_^ 2- *1 1 2- 5% ' •A ; 5% v. , , give the dividends announced" in' previous weeks and not yet paid. The list does not include dividends we this announced preceding table.' week, these being given (quar?) City •A; in the Industrial and class C'eveland Coal Miscellaneous Abbott Laboratories, 4% preferred Addr-s^noranh-MnltiTanh Aerial Products Aeronautical Affiliated Air Corp. ; Reduction (quar.) Aluminum Co. Amalgamated Canada. of Sugar Co., American Airlines, Inc., American Alliance Extra American $3 Car., Bantam series share 5% of of American Fork (quar.) A Y.) B optional stock Mote'r 1-15 12-20 30c 1-31 2-15 12-31 1-18* A 4'/2% pfd. Co. 1-10 1-15 1-15 12-15 12-30 $1.75 (quar.) A. 1-15 1-11 50c (quar.)_ 1-23 (extra) 2- 1 1-15 2- 1 preferred 1 l_LL.^Il~Z. A «. 1-15 • 1-15 1-15 .2-'1 25c 25c 25c 25c Fort Pitt A' 1-15 4-14 7-14 10-15 j ■ 3- 1 6- 1 9- 1 ' Continental 6% General Electric 1- 3 poG 1-17 l°-?6 35c 1-15 1-5 Co. (quar.) General Finance Corp., General Foods $5 1-10 Gimbel 50c $1.75 $1.75 $25c 1-31 1-15 $25c 1-31 1-15 General - Golden State & Class B I2-?0 12-30 1- 4 2-15 preferred 1-15 12-30 Hat 2- 1 $50c 1-15 1-15 50c 31'Ac 2-15 3- 1 50c 1-20 12-12 2- 2 2-15 1- 5 80c —20c 1-15 1-15 preferred (quar.) (year-end) (s-a) _ preferred common (quar.) 65c 1-25 $1.75 (quar.)_— — 1-15 $5.25 preferred $4 conv. Extra on preference V 1-5 $1.31'A 1-15 12-22 37'Ac 1-10 12-30 $1.50 75c $1 Ay 31 _______ Spencer, Bartlett Ac Co. Monthly Hibbard. Holt Renfrew & 7% (quar.) — 30c $1.06'A — (quar.)_____ preference (quar.)—-1 preferred ' pr^ferr^d A (quar.)— ___ (year-end) 12-30 ^VHolly Development Co. (quar.)— 12-30 Holly Sugar Corp., common (quar.)—7% preferred (quar.)—___ —________ 1- 5 Corneiv-Dubilier Electric Corp.—• CreamerijHPac&age* Manufacturing (quar.) pfd. (quar.)__ (quar.A. (quar.)____— Hershey Chocolate Corp. 12-12 $75c —— 6'/2% common Hercules Powder, 6% preferred (quar.) k (s-a) $1.50 $1.75 40c 68%c $1.62V2 preferred (quar.) & Marx 5Vs% preferred Household 5% Co., Ltd., 7% 5-10 5-10 1-31 2- 1, ^1-10 2- 1 . 1- 8 1-15 .12-16 1-20 2- 1 1-25 /12-11 1-25 1- 2 1-10 1-10 1-15 12-30 2- 1 —_ 2- l-v;. y>— 1-10 12-30 1-15. 1-15 1-15' 1- 6 12-20 12-3$ 3- 1 1-15. 1-15' 1-15 . .2-14 12-30 12-30 12-30 : . 1-20 6 1-15 -12-29 1-18 12"2^ 2- 1' ./1-15 2- 1-yM_16 1-31 1-10 .r"10 . 2-15_ 2-15' 2-15 2-15 1-26 2- 2 \'2\ -1-25 1-26 12-16 1-16 lc 1-25 12"31 25c $1.75 2-1 70c 15c 2- 1 \ pfd. (s-a)— (accum.A—$$1.75 Corp.. com. (quar.)__.—. Si (quar.)$1-25 Finance preferred . 1- 2 - / A' Refractories Co.— (quar.) of America, Company, 4'.4% 12-29 Co. of com. Corp. Hecht $1.25 Times, Hartford York— & Smelting Schaffner Hart, ■ $10 (quar.)___ $1.50 _____—$2.50 America Extra 6% 343/aC (quar.)^—— Co., $8 pfd. (accum.i___ of North Harrisburg Gas, 7% $1 ; Co. Harbison-Walker 1-2 (Del.), preferred Guantanamo Sugar 2-15 (quar.)— —— Motors, Knight Co. & Ltd., $7 pfd. (quar.) Griesedieck Western Brewery Co.— Co.— 2-1 $$2 '(40c 62'/2c $1 30c $$1.75 (quar.) class A Ltd., Great Lakes Power Co., 1-31 3- 1 25c 5% pfd. A (quar.)— (year-end)—. American Insurance Co, (N. Y.) (quar.) /■IGreat 12-30 12-30 75c $1.25 (quar.)——A~ Graham-Paige . Co., Belyea, 12-31 1-15 20c (quar.) common— ^y/ 11-24 5-25 5-25 (quar.)_. —-— $1.50 Ltd. (quar.)———25c preferred $6 Inc., Brothers, Gordon cominrr. (quar.)— preferred 1-15 y 1-10/ ' 2- 1 1-15.. 1-20 1- 5 2- 1 1-20 1-15 V 1^-30 2-1 1-18 1-25 A12-22? 25c 30c $1.12 '/a 51 $1.25 25c preferred— (quar.)———AA-A—— $5 preferred (quar.)._ Time Instruments Corp. (year-end) Safety Razor, Gillette 1- 2 1-6 1- 2 1-15 1-15 $4.50 Corp., General Motors Corp., 1-10 1-18 • General Mills, Inc. 2- 1 1-15 2- 1 1-15 1-15 (quar.)____ common preferred A (s-a)— 6% preferred B (s-a) 5% ' 2- 1 1-15 (quar.)__: com. (irregular) common— 1- 5 1-15 Co., Co., - '5-26 1-15 50c A 10c 25c 75c $3 15c 35c 5c (quar.)___— Baking 1-31 25c Ary;;A. ■ / •'*: 81 Inc—AAA——A— common 5-31 1* 6 . "/ 1-25'12-30 A. ',$356 $3 pfd. (this paywithheld)___—_____ (quar.) Light Electric 3-20 6- 8 preferred convertible $3 12-21 1-17 1-54- 2 / 3-15 7- 2 6-15 1-19" 12-30 6-15 -1-19 Inc., Co., 1- 5 1-20 4- 1/ 50c previously Wood Industries, General 1-20 Ltd. (,quar.)____ Ac Malting (quar.) Gardner-Denver 12-30 .A/-_A.;AaA<i^-AVA 25c 5c 37'/2c 37'/2c Ltd. class A Fyre-Fyter Gar ; 50c — was 1-15 ' 1-25 V (quar.) $35c (year-end)— $3 common—L'.;'!; ' 50c Auto, Drive of'the Loom, ment y;'..y A-—.— (quar.) - 12-30 1-15 r 1-15 50c ___ — preferred (quar.)_ (irregclar)_____ 6% prior pfd. (quar.) of Canada, Grain Fro»dtert Fruit 11-15 $3 Products Refining, 1-15 1-25 West 6th Street Companies, Fi'aser 1-15 2- 1 — Common 12- 1 10c 5c (accum.)______ Extra 7% 1-10 12-30 — Corp., Co. Wheel $1.25 A At 5c (increased) Co. Gloversville RR.— 5% Co., prior pfd. Four 2-15 5-15 8-15 $1.50 Insurance A . 1-15 1-15 $1.18% Fran.) (San Brewing Co. Foundation ' Power, 6% pfd. (quar.)___ Continental Baking 12-31 ' 40c _ -A— —: yFour-Twelve 12- 7 3- 7 6*^7 9|- 6 ' Rubber & Foster-Wheeler 5 V2 % Consolidated Vultce Aircraft, common Corn 1-15 Tire Guarantee —— conv. 12-31 75c Resumed 1- 5 1- 5 12-29 1-10 1- 3 1- 5 1-11 $10c (quar.) Ltd. 3-17 - 1-15 25c — .(quar.) common Insurance Johnstown Ac Fonda 1-12 12-30 12-30 $1.25 (s-a)--A— Mining 3-20 3-17 y- '" , (s-a)^ (quar.) Fund Firestone Foods— Consolidated Edison Co. of New preferred 1- 5 1- 5 4-5 4- 5 1-15 $1.75 80c — Co., Sons preferred 4%'% Foote-Burt $1.62 Cons9ltdafCd Car Heating Co. Inc. $5 1- 5 4- 2P ■ (quar.) Quarterly Graton (quar.)____ Passumpsic Rivers RR. preferred Connecticut River & Dyeing— Cleaning (Wm.l Fireman's 1-15 30c25c . 7% Gas, Connecticut & 12-30 37V"C __ Concord > $1.25 (quar.)__^$1.121/2 (initial) (increased) 1 'y.y ' Canada 2- 12-15 12-30 2-28 3-1 3-1 Electric Co.— (accum.)_____^_ Extra. 75c preferred 7-% pfd. v ala or preferred (quar.) (quar.)__ 7% participating preferred (s-a) participating preferred (year-end) Consolidated J.)— %• (N. 1st 1st 6% 25c dividend cash in Co.. Inc._ Co. 1-15 12-20 $1.25 American Ma^ze-Products 4 1-15 'j Telegraph Co. 7"f 1- Light Corp.— A Hoe. 1 ' 1-15 (quar.) Ac 2- 75c American Light & Traction,'common 6'? preferred (quarr) A l2'/ac 1 $1.06% (quar.) ; 12-29 2- j (quar.)__—— preferred Life — 12y2c , (quar.)l— Community Frosted 1-10 1-20 5c (N. preferred (year-end) France-Foamite American News 1-15 f$1.25 5%■ pfd. (quar.)__ preferred Payable 1928. class American Furniture. American La pfd. (quar.) class District preferred 12-29 1-10 25c preferred 12y2c Alcohols. Ltd., com. preferred $6 12-29 25c $4% Cities Power & convertible American 1-10 United 7% 6% pfd. (s-a) Insurance Corp., Fidelity-Phoenix Fire Insurance Extra —A.—..—.: 'Commonwealth & Southern Corp.— 1-10 _______ American Can Co. American 5% Insurance _______ 1-20 2!/2c A 8% 12-30 f2-20 A- dividend)—A_——— Traders Fenton Co.— Supulv_________ preferred 6y2% Commercial 12-21 1-12 25c common.,.. ^ 2 '■Yy.fi 3c Gas^__." Corp., 3-10 1- ; 12-29* 12-29* 4- 2 $1.62y2 A_-_ Realty (quar.)__ Columbus & Southern Ohio of Rec. >. 25c : (quar.)_„ & :i-i5 $1 •-25c * . Oil Stores Holders 25c Extra All-Penn Allied : : -A?,' _v Inc. V , When Payable Share (quar.) :A Collingwood Terminals Ltd., com. (interim) . Preference (interim) _________—__—___ Companies •' Per A-' ■. i (year-end): Products Fund, ;:j\. , AAA-. 3®c 5% 30c 5% 4- 1 12-30 $1.25 $1.25 $1.25 —__ —.— _____ common Corp, 15c (quar.)—__ __ 12-29* 1-15 1-15 1-15 1-15 A 1-15 1-15 "4-15 4-15 25c Brewing & A 12-18 12-29 1-10 1-16 1-12 Co.— (quar.) A Builders Clinchfield ■" Name of Company V (quar.)__^__^— Co., Stores 6% -A_ (quar.)_. Falstaff 1-15 2- 1 1-20 2- 1 2- 1 2-1 15c $1 70c i— & Texas Pac., Ry. Clinton Water Works Co.,. A • ___ Terminal & preferred 6l/2% '■ , (quar.) (quar.)__ —.___— Postal Cincinnati - pfd. 5%. preferred ,(quarj_______ • Below 5% preferred lquar.)__ preferred (quar.)___ preferred (quar.) __ 5% 1 12-30 ^ 3c -A: •■■■'■ A■ (Syracuse, N. Y.) (quar.) :AA——$2.50 Federal Services Finance Corp., common— 50c 61c preferred (quar.)—__— $1.50 preferred Farmers 1-15 12c AA 2- 1 $1 1-22 25c 1-22 $1.18 1-15 $1.25 2- 1 common— _______________ Orl. New Cincinnati 1-15 1 Electric, AA— Co., 4%% pfd. Pwr. 12-30 . 1-26 A, 1- 8 1-15 12-30 2- 1 1- 6 2- 1 1-6 1-30 12-30 $1.25 25c $1 70c 60c A—A — (stock 2- $1.50 (quar.)—*, — (quar.) Common 5% .12-30 v ; Quarterly. Quarterly—, Quarterly 1-5 ''^'2-15 $1.25 Kansas pid. $6 1-15 $4.50 $25c • Inc., common (quar.)-A-:—•— (stock dividend)-————Ay Common Gardner '1-20 1-15 . & Gas Chickasha. Cotton Oil 2-14 1-16 1-31 1-31 'i Common $15c Hudson Co. (year-end)— Central West Utility Co. (year-end) cuase Naaonai Bank. (s-a> 2-14 1-15 $1.50 (quar.)__. Telephone Ac Share, preferred (s-a) Radio & Phonograph Emerson $$1.75 2% $1.25 56y4C 12J/2c 25c 37V2C Central Republic 1-15 1 .** (quar.) Service. 5% ! ' 3- $1.25 (accum.)_________ (quar.) Corp. (year-end)— Eversharp, ' (quar.)l._——Aui Aguirre Associates (quar.)AA——— 11 ' Corporation (irregular) Line. 5% 1st preferred (s-a Wisconsin % 2-JO (quar.)__ 1st pfd. Street Ry.— 2nd 6% 1-10 12-30 4-2 preferred Centx'al 10c — Department Stores— convertible preferred Whiting 2-11 $1.25 1- 5 4-2 (quar. Central New York Power, > 1- 2 1- 2 1-10 Ely & Walker Dry Goods, common (extra) — 7% 1st preferred (s-a)——. — 1-13 3-15 $50c , Central Investment ';1-15% 2- 1 $1.12'/2 _l_ common Extra 12-30 > 1-31 1-15 4- 1 (quar.) preferred Corp., 1-15 1- 9 ?37Vac (quai.)_____ Engineering 1-16 1 (quar.) — Co., $4.50 pfd. preferred Electrolux 12?21 > , Central > '-'J 1-12; A%1- 4 5c (quar.)____ com. (quar.)_,..._ 2- 25c 1 ' 2-1 % $1.18% Refining Ac Chemical Co._ Washington.Go8 Light Co., i 10c • 4%% preferred (quar.) United Shirt Distributors. Inc.^___ Drug $5 1-rlO. ' Ltd.—* Central ' 1-15 2- 1-15 1-15 1-15 1-25 — Light Co., 5% Electric Bond 1-10 7% 41/2% 5% ' : 1-15 3-11 75c $1 $1.12'/2 . A: common (quar.) Eastern Township 12-27 — Corp., 1-15 2- 15c B Class United (quar.) Industries, Celotex (accum.) Drill & Tool 1-17 12-23 1-6 2-14 12-26 1-23 —!____ preferred (quar.)_ Canadian Pacific Ry. Co., 4% pfd. (year-end) Carolina Clinchfield & Ohio Ry. (quar.)____ . 2-1 (quar.)_ —______ Registered 3-11 $25c -- - Co., 1st preferred 6% 2- 1 $50c pfd. (quar.) (quar.)—— Investment Corp. : Canadian $25c preferred (quar.) (ihitial)---«A Worsteds & Eastern Massachusetts 1-15 A 12-30 -1-15 12-30 2-15 1-31 2-15 1-31 $$1 $75c $$1.50 $62V|>c —__ 6% Ltd. Products, 7% Co., preferred A Filene's Canadian General Investments, 1^15 1-3 12-15 1-15 8- 1 " Fairbanks-Morse, Canadian Foreign Extra 1 (quar.) Paper Co. Ltd.,. class A_L L i A— B Chemical Duquesne 1-10 $53c (quar.A^: Converters Canadian Food 1-31 31c $1.25 1-24 12-30 2- 1 (quar.),*. Funding rights (year-end) Carrier * : (quar.) preference Linoleum duPont de Nemours & $50c pfd. (s-a) common Foundry Co., Ltd. (fesumed) & participating Canadian 2-1 ^ & Chemical— Woolens $4 Canadian Celanese Ltd.— Canadian $$1.37 Va $$1.75 $12'/2c ; preferred (quar.) Class 12-30 12-20 12-26 2- 8 1-10 (quar.)——_______ preferred 1% 12-15 12-28 12-28 1-2 1-2 3-31 6-30 12-29 12-29 ; & Textile Dow .y 1-26 1-25 2- 1 2-15 2- 1 Extra ^ 1-15 1-15 1-15 2- 1 2-1 5-1 A A Donnacona $$1.25 (s-a)___ Co. Ltd., (quar.)__ common Ltd., 7% Co., Oilcloth Dominiofi $50c Southern Canada Car $44c $$1,25 $$1.75 $$1.25 $20c $20c $2Gc $30c tlOc Li Dominion Ai 10c J15c $$1.50 $$3.50 $37V2c Corp—--——— Canadian Bronze, • United (quar.) Tungsten Power, V; 1-15 2-15 $1.50 $1.50 37V2c 62y2c — (quar.) Packing Corp., common (quar.)_ Northern 12-27 ' (quar.) (series 1927) preferred 5% 1-15 12-30 —: — Extra 5'A 'fo 12-21 . (quar.)— Dominion 12-30 „ 1-15 Canadian 2- 1 1-30 (quar.) Quarterly 12-20 1-31 __ A: preferred Canada 12-27%: 1-27 $1.25 $1.12'/2 • $1 $1.75 pfd. A (irregular) Canada 2- 1 preferred (quar. preferred $5 Missouri, $5 pfd. (quar.) of preferred (quar. $4.50 Unltfd 1- 5 ;i Common 12-20 12-20 2-1 t$1.50 5% Mines Quarterly 1-10 3-9 12-20 2- 1 1-15 25c $1.75 Callite 20c . J$1.50 f25c <quar.)___ (quar.)__ 1-21 2- 7 Ltd., 5% preferred (quar.) Ltd., common (quar.)___ preferred (quar.) Dominion Malting, 5% pfd. (initial quar.) 1_ . (irregular) 7% 1- 5 2-9 6'A% (interim) (quar.) % East Pennsylvania RR. (s-a)—______ (quar.)__„ Paper Co., 1-15 3-1 t$L25 $30c Deposit Receipts 77a ; 1-31 1-15 J40c 15c $1 California 1-21 •!%'*"30c Specioi Tung-Sol Lamp Works. Inc., 30c pref. (quar.) 2-15 , (interim) preferred 6% preferred 1-5 1-31 2-15 ' Ankerite Gold Mines, Ltd. 6% 2 25c (s-a) Corp. —___, Telephone— & M.) (s-a) Dominion Glass Co, 1-15 12-23 1-20 1-19 12-29 1-10 12-30 12-30 , 2- 1 2- 1 1-20 1-20 .1-15 Calgary Power Co Ltd, 6% preferred (quar.) California Oregon Power, 7% pfd. (quar.)__ 2-15 1-22 I-17 1-17 1- 2 - $1.25 50c 50c t20c —_—___ — Bros. 1-20 30c ; 1-30 1-15 2-28 1-11 1-10 2- 1 (A. 2-17 1-20 preferred (quar.37'/2C 6% , Pulp $4 75c (s-a) Corp.-Seagrams Ltd.— Dominion Tar — 2nd preferred Buffalo 3- 1 2- 1 1- 1 (quar.) Co, Brown Fence & Wire, $2 "f2-15 40c (quar.) Brooklyn Union Gas Co. 50c (quar:) Common Transamerica r (quar.)___$1.50 prercrted Rav 30c 37Vac (quar.)i__ com. Corp.. $1.60 pfd. Brlquctt Co.. Btrathmore 6% $1.75 (quar.)__. ______ Columbia Brompton 50c . Co.— preferred Dome 1-31 3- 1 30c f$2 50c 50c 50c $1 tl5c 20c (quar.). (quar.) A British 25c Edison, California Southern pfd. (quar.) (quar.• 'Standard Dredging Class 2- 1 1-20 1- 5 .212-20 1-11 1- 4 2-1 1-13 2-10 1-30* 2- 1 ; i l-10 25c A $1.75 (accum.) American Distillers British Columbia Power Corp. Ltd.— Bunte ; $25c ______ 7; Tunnel Match partic. preferred 6% 5% 2- 1 3-20 Bralorne Mines, Ltd. (quar.) 1-15 A Extra .-a tlOc 1-15 Brantford Cordage, new common (initial)__ 12V2c A; 1-15 $1.30 1st preferred (quar. 32V2c -A 1-15 Bridgeport Hydraulic Co. (quar.)_______— 35c 1-15. British Celanese (final) —15% 3- 6 ' River 25c (quar.)A preferred Diamond 12-29* 12-31 — Bower Roller Bearing Bvers 1-15 : and 25c Stores (quar.) 10 Schaffcr Stores Co., 1-15 5c (quar;) A— • Water Ltd. Boston-Edison .. 1-11 — . 5% Detroit 1- 2 1-15 1-15 $2 conv. Co., Inc. 2-15 (quar.) 1-20 (year-end) pfd. (quar.) Corp. 1-10 4-10 7-10 10-10 1-31 1-15 1-25 2-15 5-15 8-15 50c 50c (quar.) Dominion Dairies Saco & 3c (Canada), 5% Gasket & Manufacturing Detroit-Michigan Stove Co., 5% pfd. 5'/o preferred (quar.)... Ltd.— (year-end) Hats, & 6'Jo . Rochester American S 5 5 5 , ./ pfd. Co., 5'/i% Power 1-26 12-29 1-5 2-1 $2 t$1.75 (s-a)____ (year-end) Biuinenthal (Sidney) & Co.— 7% 1st preferred (accum.) ' 12-26 'A $1.75 %./•2- 1;"; $1.37% 36% preferred (quar.)______——$1.50 3- 1 A Reed (C. A.) Co., $2 preferred Class A ;'i 50c '2- 1 Rhode Island Public Service- Class A (quar.) *1 2-1' $2 preferred (quar.)A_ A___A_ A 50c 2- 1 / Rice-Stix Dry Goods, " 75d" ' '2-1 Richmond Insurance (N. Y.) (quar.).l.l 15c 2- 1 Extra _______ 15c A 2- 1 7% Potomac Blair $6.25 12-29 A .12-26 $1.50 ••'A2-"l.V;1-11 — 3- 2 2- 1 — Hedges, 3-1 12-22 12-31 '3-31 6-30 9-30 1- 2 12-29 1-13 2- 5 5- 5 8- 6 $1.16 Distillers Co., Ltd.— Paper Co., Aircraft & Biltmore 12-26 AA 1-15 15c pref. Co. of Canada Foods, Inc. Biddeford y ! 12-29 $8.75 1-4 Corp.— Telephone Benson , - — 2- 1 $1.50 $2.50 $L (quar.) (accum.) IVc Canada, 4- 2 1- 2 25c (year-end) Co.___ preferred (s-a)__ $1.25 Darling Stores, 6% preferred (quar.)37'/2c Decker (Alfred) & Cohn (quar.) 25c Quarterly • 25c Quarterly 25c Quarterly 25c Delaware Power & Light (quar.) A. 25c Detroit Edison Co. (quar.) 30c 12-30 common (quar.) Bellanca 12-29 Class A shares issued AAA on 2-1 1-10 (Formerly Old Colony Trust Assoc.). Bell Best ' 1 1937—$10 Sept., Class A Baystate 1-10 . ' - of Bathurst Power & 2- 1 '• shares issued Hydro-Electric, pfd. 1- 2. 3-16 1- 2„ 1- 5 12-31 12-29 Detroit (s-a) 4% participating preferred Barber-Ellis 1-15 - Polaroid $1.12Vz — ... pfd. Co., 2- 5 1-15 3-31 1-15 1-20 1- 8 1-15 common.., Stores, Drug Candy Co., preferred Dairy Corp. Bankers Securities Corp.— 1-15 ;A - . , 25c 3IV1C iquar.) Refining Bangor 1-15 Patchogue-Piymouth Mills —______ —A $1 . ,1-15 Payne Furnace & Supply, common,-—-. '< A 10c 1-15; ; 60c convertible prmerred A,(quar.)—. 15c 1-15 ' 60c convertible prelerred B (quar.) — ' ' 15c-. _•< 1-15 Penn Traffic Co. (s-a)___!___ -——A • 12'Ac. 1-25 Year-end 5,c1-25 Pennsylvania Electric, 4.40% pfd. (quar.)__ $1.10 3- "l Pittsburgh, Cincinnati, Chicago & St.. Louis RR. Co. (s-a) ______A____ $2.50 /A 1-20 Curtis 12-30 2-15 — (quar.) non-cumul. 5% 1-10 -1-31 30c •.. Cunningham 1-12 6-23 " 6-23 3-12 A. 12-29 2- 1 7- 6 7- 6 3-31 1-24 A ,.' (quari)_ Forster, common preferred (quar.) Cudahy Packing Co 12-31 12-15 1-20 43%c 30c $2 30c (quar.) pfd. conv. of Rec.. 5% 8% Topeka & Santa Fe Ry.— Atlantic 1-11 Northwest Engineering 50a 1-15 Pacific Lighting Corp- (quar.) A—-—L—-y; y -'75c *•; 2-15.. 1-20 Pacilic Public Service Co., $1.30 pfd. (quar.) 32%c 2-1 1-15 RR. . (quar.): ,i_i (year-end)^_ preferred $1.25 Atchison 1-10 1-20 1-20 1-31 2- 1 90c —4A!' preferred (accum.) AA-— 5'/2% Northern —_—t— Corp. Equipment Co., 7Vo Holders When Payable Share (3tock dividend). Co. Drug Crum & Associated Telephone Co., Ltd.— . Corp.— —_—_ (s-a) preferred $1.25 75c $2.25 10c JlOc i —.— (s-a) Metal, Inc., common—— Anglo-Huronian, Ltd. (s-a)__— Appalachian Electric Power— $1.75 r 12-30 12-30 ' V;.\ AAAyAyA" A'A" 'A'"/A (quar.)______y; Telephone American 12-15 1- 5* ; 12-29 . (The) Cypress Abbey Ampco . York North (quar.)— (accum.)— common preferred $4.50 2- 1 1-15 $1 .1-15 12-30 Newbeny (J. J.) Realty. 67^ pid. (quar.v $1.50 7. r 2- 1 1-15 6'/2% preferred (quar.)___A___——$1.6J2% 2- Is;••''.1-15 New preferred Amoskeag Co., $1.18% Inc., 4%% conv. pfd. (quar.) New Jbecnord Gas & Edison Light Co. (quar.) Neisner 1-15 1-15 preferred (quar.) i Telephone & Telegraph 5% 2- 1 - Liberty $1.25 $2.25 Refining American Zinc Lead & Smelting— 12-30 1- 5 1- 8 12-15 2-24 1-10 1-10 2- 1 5c L 1-15 10c A Monroe Calculating Machine, 7% pfd. (quar.) Monroe Loan Society, 5V2'h pfd. (quar.)— National Department Stores Corp. (quar.)— 1-15 50c Piping & Supply Co._—.AL Miller (I.) Ac Sons, ti'/o pfd. (accum.)_ Midwest 1-15 2- 1 2- 1 1-20 1-15 1-15 12-26 3- 1 12'/2c Co., $3 prelerred (accum.)_„_____ preferred (quar.)______— — McKales. Inc. (s-a A — 1st Extra 1-15 2r 2 1-10 Crown American ' 30c 40c $1 $1.75 34%c (quar.——AA" prelerred Maytag $6 12-31 Name of Company Cross Sugar American 12-31 Per 4, preferred (quar.) $1.121/a (year-end)—$3 $6 1st pfd. (accum.) $1 Telephone Co. (Abilene, Kan.) — American 2-15 2- 1 2-15 2- 1 1-15 -12-28 1- 2 A 12-15 1- 2>/ 12-29 $4 — of Rec. American Superpower, AA/A/A; A//.-" _________—A .,A- Reserve Power, $5 Marion 1-10 _______ A Extra Louisville 5% 1-10 $1.25 :A-A-; (quar.)_ Holders convertible 4V2% 12-31 12"31 12-31 1-10 i"10 1-10 —./A': - B Class 50c 50c 25c .. __________ Extra 5% (Del.)— . Share ' When Payable Per . Name of Company Rolling Mill Co.— American 25c (quar.)__ A Class Holders oi Rec, When Payable . of Company Name Telephone & Telegraph Co. Lincoln , Per Share ■ :' 143 THE COMMERCIAL & FINANCIAL CHRONICLE Number 4349 161 Volume I"15. lrl5 1-15 12-30 12-30 Per 'V • i'V ' • Hutcmns Co. Hydro-Electric Securities Corp.— 5% preferred B (s-a> 25c 30c $1.62% Indianapolis Power & Light, common Silica Co., 6%% pfd. (accum.)__:,; Industrial institutional becunwes, litd.— » Insurance Group Shares (year-end) . (s-a; of North America Insurance Co. 3%c 37 %c, I $1.25 (quar.) Common ______———— preferred 6% (quar.)_—-— Business Machine Corp.— International dividend Stock (quar.J Corp. 12-30 South Pittsburgh Water Co., 1-10 12-31; Southwestern $25c 1-15 1-15 12-31 11-25 v: Co., Ltd. (quar.) (year-end)—— Newport News Shipbuilding & Dry Dock—$5 preferred (quar.) — Norfolk & Western Railway Co.—, \ Adj. preferred (quar.)—_________________ New 12-30* $$1.50 $$1.50 $$l 6% conv. .preferred A :___— (quar.) — International Milling, 4% preierred international Nickel Co. of Canada Ltd.— Noma 12-30* 87%c 2t>c t25c Ltd., com. (interim) Investment Foundation, preferred 6Ye (quar.)— preferred (quar.) .Jewel Tea Co., Inc., 414% Pacific Northern States 6% Common (quar.) Common (quar.) Common (quar.) & Baking— Grocery Krueger Knuosen LaPlant-Choate $1 Class A Class 6% & (F. & (quar.)—: Lebanon Tire & Extra Lehman _______u—. —_______ (quar.) Gas, Valley Rubber — common preferred $2.50 — & Co.—, R.) Co., —____ —— 4 (quar.) Link Belt Corp,, _ Co., (quar.)_ common preferred 6j/2% $1.30 Loft Candy Lord & —- , 5% & Mahon (R. $2 convertible Marchant Maritime Common 7% (quar.) preferred Field Marshall & McCall McColl-Frontenac 6% preferred Oil & 5% 7% Mine Semi-annual A Hill Monongahela Valley Water 7% preferred (quar.) Co.— • v preferred Telegraph Carbon & Mount Diablo Oil, Co. (quar.) Carbon RR. Port Mining & Mountain 12-20 Tel. 6% 12-20 preferred $7 preferred $7 preferred $7 preferred & Tel. (quar.) ______ (quar.) — (quar.)_ Munising Paper Co., 5%. Mutual System 1st pfd. (quar.)_— 6% preferred (quar.)_ Inc., Harragansett Electric, 4%% pfd. (quar.) National National Bond & Share Corp. (quar.)... Cash Register Co. (qhar.) ________ Flour class A 50c - 1-15 U. 7% 1-15 12-12 12-31 6% 1-15 12-15 12-29 3- 3 2-15 1-20 12-31 1-15 12-30 $1.75 $1.75 $1.75 $1.75 3- 1 2-10 6- 1 5-12 9- 1 12- 1 8-11 Sinclair * 6% Solar Oil Aircraft, Southeastern 11-10 2-1 1-15 56Vic 2- 1 30c 15c 25c 65c 50c 50c 1-15 1-15 12-12 1-15 2-1 2- 1 2- 1 1-15 12-30 6% 12-31 5% 1-20 1-15* 12-30 West 2- 1 conv. 7% 1-15 12-31 preferred 1 2- 1-29 Power Co., (quar,) Pipe & Steel, Western Tablet Westvaco 25c 62%c 22- 1 1 $4.50 5% Chlorine 4Va% $1.25 3- 1 2-15 6- 1 5-15 $1.50 2-15 $1.75 2-15 1-17 $1.12% 1-15 12-20 1-15 12-15 (quar.)—_ .' pfd. 7% (quar.) (quar.)_ $75c > $$1.75 preferred preferred 35c (s-a) 1-18 1-17 1-15 " 12-15 1-15 12-30 $1.25" vv 4- 1 $$1 (initial) White Sewing 2 3-22 1-12 1-25 1-10/ 1- 2 75c Wichita Wichita preference Stock Union Water Co., Spencer Wilson Co., & 2- 1 1-10 1-28 12-26 Machine Corp.— prior preference 1-25 $1.12% (quar.) Wheeling & Lake Erie Ry. Co converitble 6% 12-29 2-15 1-15 $$1.50 1-20 12-31 25c 1-15 12-31 35c 3- • 1 2-15 37%c (quar.) 1-15 12-31 1-15 12-31 > (accum.) Yards, 6% pfd. (s-a) 7% preferred (quar.) Steel 50c 50c (quar.) $2 _ $1.75 $1 Co $6 preferred preferred Wisconsin Wood Gas (quar.)_ (1897 & $1.50 series) (Alexander & James) 1st (quar.)_ Electric. 4 V2% "pfd. (quar.) preferred 2- 1 2- 1 1-20 1-15 1-10 1-20 1-15 1-10 2- 1- 2 12-20 1 1-15 (Wm.), 1-31 1-15 1-15 12-30 — $$1.75 Jr., Co., 1 1-15 3-20 3- 7 3-15 3- 5 $1.12% 3-15 3- 5 50c 1 1-20 4- 2 3-20 1-31 1-15 25c — Worsted Co.___——— 2- 50c 20c common Common—— 2- 37 %c $1.12% common 4V2%.conv. prior preferred (quar.)—— Wrigley $1.50 $1.12% (accum.)— Worthington Pump & Machinery, 4 V2 % prior preferred (quar.)_ Wyandote 1-22 1- 8 15c 1-15 12- 4 • 37%c 1-15 12-20 34%c 1-15 12-20 Ltd.— Yates-American York $20c 2-15 1-19 $$1.50 1-15 12-20 1-10 12-15 Co.—— common — Jamaica income tax. •Transfer books not closed for this dividend. 30% 15% Canadian non-residents' tax Canadian funds, tax deductible at the source ' 15% ; resident tax, 7%. a Less British income tax. tPayable in U. S. funds, less tPa.vable $1.75 Machine Corrugating, x Less Process Co.— (quar.)—— 1-18 5-15 Wisconsin Electric Power Co.— (s-a)_ — 1 Products— preferred ■ 7% (quar.)—_—; 1 2- 6-1 — pfd. Stationery Corp.— (quar.) (George) $2 2-15 ' 2- $2.50 & preferred $4 37 VaC pfd. 4-10 33%c — 1-10 25c A 1-10 4-20 $1.25 6% Ltd., common (quar.) Grocers, preferred 12-29 for 1—_ 6% Co., 3-10 L-20 $1.75 " 7-16 $1.75 (quar.)__ (quar.) Power Wickwire Edison— part, preferred preferred 5 1-18 Mills Ltd.— Gas, preferred Weston 3 1- $3c — Greyhound Lines, Inc. (initial) Southern Franklin 1- 1-10 2-26 $15c — 50c conv. preferred California Common 6% (quar.) (quar.) Canada 1-15 $1 $23c 4-16 1 . $30c preferred (quar,)i _________ preferred class C (quar.)u.— Southern 3 $87 %c 1 8- 3-20 ^ 5% 1- 5- _______ (quar.)——. Electric Co., Penr. 7% 1-3 1-15 1-15 (quar.) Western 1-19* 1-15 1 preferred (s-a) 5% preferred 1-19* T50C (interim) common West 12-30 t50c 1-15 2- 62 %c class A Co., preferred Penn 7% 1-20 $1.12% t ' 1 (quar.)_— 12-29 1 ___—_ orig. 5V2% B Western — (s-aj 2 1-13 . 5% 12-30 2- 2-15 2- $1.50 —: Washington Ry. & Elec,, 12-30 preferred A (quar.)—— Southern 1- 12-30 1 $1 4-20 r (quar.)__— Brothers Class 1 — 4-30 37 %c 2- 1-15 1-20 37 %c Warren 1-11 1-30 1-17 3- (quar.) 6 2-10 12-30 1 >: $i.75 (quar.) 5 50c 2-24 lrl5 50c 1st pfd. 1- 25c 3<>15 37 %c 2- of common held Paper 7% 2- 10c Products, common 1- 12-23 (quar.) $1 preferred 12-23 $1.25 12-22 preferred (quar.) 1-15 — 5-26 1-15 6% 1-15 (s-a)—_ 6-11 preferred $1 —______ 2-26 $2 %c — ——— Raalte Co., preferred (quar.).——— (quar.) 3-12 10c preferred (quar.) 1-15 2 2 $2 (quar.) (interim)—-— 7% 1-15 2 47- 17 %c — Winding 6 20C 1- 4-16 7-16 40c (quar.)—_ preferred conv. Radio t25c (increased) Southern California 1-20 25c 37y2c 1-15 1-15 1-10 12-28 $1.25 — Vulcan Detinning Co., common..—. ii.'-.*.-—. 1- 1-15 1-15* : 40c / — 7% (stock dividend)--- Co. Corp. (Howard) 1 1-15 $1.75 30c shares preferred 2- 1-20 1-15* 12-11 1-13 6% 5 2-14 1 Publishing— 5'/2% of five each 12-31 $1.50 $1.62% (special) share One 2- 3- 1 $1.25 —„— 1-19 1 2- 6% 1-10 2-15 8-10 $1.25 (quar.)— — 2 1-20 2- 87 %c Irregular Virginian Railway Co.— 1-10 1- t75c common (Quebec), Ltd. Simplicity Pattern ' 1 5-10 Vertientes-Camaguey Sugar Co. of Cuba— 1-10 2- 12-30 2-10 1 30c (quar.) preferred A Common 1-10 1 1-15 2- $5 (liquidating) Sugar, $5 preferred (quar.) 5% (s-a)——:———— Steel Common Co. preferred S. Van ' Storage Simmons-Boardman ; 1 2- (accum.) pfd. ... Strapping, $2.50 preferred (quar.) Signode 2- tl5c —— Sigma Mines .; 1-10 t$1.50 Co.—; — Shawinigan Water & Power Sheep Creek Gold Mines (quar.)___ Sherwin-Williams Co. of Canada, Ltd.—_ 2 1-11 $1.75 12-30 25c States Universal 1-10 31',4c 1-15 25c 12-30 1 2- 50c ■ 68 %C ; Upper Canada Mines Lid. 1-24 1-15 __—; • (quar.)__ Universal Leaf Tobacco Co., com. ^ — preferred 2-1 $7 < 9-15 Machinery— ^ $4 preferred preferred (quar.) Extra 2 1-31 $1.25 6-15 25c ^ Plywood Corp. com. (quar,)__ Smelting, Refining & Mining Co.— 70c 1-11 $1.31 Vt 3-15 25c Lumber t$1.75 Paper Co., $4j/2 S. Utah ________—____ Scytes & Company, common 2 ; 6.4%""preferred A (quar.)— 12-23 15c Schuylkill Valley Navigation & RR. 12-29 8 1,-11 6-16 12^20 United Stockyards Corp.— 1 2- 37'/2c (quar.)—— preferred 3- 2 1-10 : — $5 preferred 12-30 3-15 2 7- — /— $5 preferred (quar.) 12-30 1-25 25C Schenley Distillers Corp 1-15 1-20 5c 5 , 1-25 50c 4% & Electric, Diego Gas S. .3-18 4- 50C. convertible preferred (quar.)—. Industrial Chemical (quar.— 7% 1-20 3-15 _• Fidelity & Guarantee Co. (Baltimore) Hoffman 1 50c class A—— U. S. 12-15 1 25c 1 5 1- 2-26 2- 2 class A United 1 37V'2c — 1- 3- 2- 2-15 4- $1.25 ' class A non-cum. S. 1-15 2- 3-1 ' non-cum. Extra 12-22 $1.50 common Paper Mills, 2-15 3-15 $2.50 Extra U. U. Ltd.— 1 2 $1.25 non-cum. 6.4% Mills Co., 1-15 1 4- 58 %C — 4% Quarterly 1-15 : 1-30 25c (quar.) 2- i 58 %C (quar.)—— 4% 12-15 , 2-15 20c (quar.) preferred Lawrence San 1-12 York (increased) (quar.)— National Distillers Products (quar.)_: National Fuel Gas Co. (quar.) _______—20c National City Bank of New National City Lines, Lawrence 3-15 58 %c — '. & Canal RR. J. 4% . 1-15 (quar.) ________ — pfd. A (accum.) — Co. N. Casualty Co.— $35c Corp., Paper 2-15 & Manufacturers— Merchants S. 1-15 1 (quar.)— (quar.) preferred Croix Lawrence 7% 1-20 - 1 2- 20c Co., St. 1-31 1 National Biscuit, common. ;/ l- 5 2- (quar.) Co. St. Common 2- . 5 1-15 Co., Typewriter Royal Smith — 7 1- 1 & Button Paper 1-11 37 %c ... 12- 1- 50c — T/ir $48c (quar.)_______ (quar.) 9 1-15 1-15 41%c Ltd., common (quar.) — 6% preferred (quar.)— Roos Brothers. Inc., $6.50 preferred——__ Mulling Manufacturing— $7 U. U, 1- 1-20 12-22* 50c 1-15 62%c 1-15 2- —_— (quar.)_____. Co. (quar.) W.) (H. (monthly)—— 1-15 1 2 3- 53c 53c 1 4- 53c —__ 9 3- ; 2v 50c 5V2% (quar.)___— St. $1.25 , United 58y3c Investing Corp.. $7 pfd. preferred 1-18 $20c common 12-15 U. S. (accum.)— Copper & Brass, 5V'2% pfd. (quar.)__ preferred (quar.)— Manufacturing, 5% pfd. (quar.)—_ Rickel Development- (quar.) States Revere 7% 2- 1 ___ 1-15 15c (quar. preferred $5 1- 1-3K, (monthly) preferred (quar.) 25c — 1st Reserve 12-21 1-31 50c preferred (quar.) 5% $2 preferred (accum.)__—_—______ Rapid Electrotype Co. (quar.)__— Reading. Company (quar.) Reading Gas Co. (PaJ, 2nd pfd. (quar.)___ Reliance Electric & Engineering Co.— 12-20' lc preferred preferred 6% 12-31 5c Quarterly Mountain States Power, 5% 80c 12-30 50c (s-a)___ 5% 12-30 Railway Equipment & Realty Co. Ltd.—• 1-12 1- Montgomery Ward & Co., common (quar.) Montreal Light Heat & Power Consolidated- 12-30 1-15 Uc (quar.)—, 12-30 1-15 Railroad Employees Corp.— 1-15 preferred 1-20 12-30 1-15 . United prior 15c 12-30 5% $1.50 7% $1.50 $1.75 — 12-30 50c (quar.)___— Co. Power 1-15 2-28 50c (monthly) (monthly)— (monthly) $1.25 Radio Corp. Security (quar.)_ 6 1-20 of America, common (year-end) Radio-Keith-Orpheum, 6% preferred (quar.) Quebec 12-30 15c i (monthly) $1.50 — - 12-30 1-15 $1 1-10 1-15 ■ 35c (initial)-— (monthly) 7%, prior preferred 7% priof" preferred 2-28 1-17 1-11 .' prior preferred prior preferred 2-10 25c $25c Co.— 12-30 / 1-15 12-30 12-30 $10c 1-15 $1.50 ' : 1-25 $1 25c >. —______ preferred 1-20 1-15 ! (quar.) prior preferred (monthly). 6.36% prior preferred (monthly) of New Jersey— prior preference V 2- 2 ' ____ (quar.)___ 1-20 2- 1 2 $1.25 2-15 $1.50 4- —,—- (monthly) preferred "~$5 $$1.75 Ltd Corporation / 2-20 6% (quar.)_____ 1-11 15c 6% Colorado— Quaker Oats Co., 6% 12-18 3-12 1-15 _ 6% 7 preferred (monthly)— Puget Sound Power & Light— 12-15 25c 5 2 6% 1-15 1-17 $1.25 Monroe Loan Society, class A Montreal 6% 3-15 Scott Mississippi Power & Light Co., $6 pfd. (quar.) Mount j2- 3 Navigation & RR.— ____________ $6 Public Service Corp. _ Hart, Inc., $1 prior preferred Miller Manufacturing Co., class A (quar.) Power, til-20 1-31 1-31 40c 5 1- B Rolland $10 Gas 1- 4-16 1-10 (stock United Gas Improvement (initial)—— United Light & Railways Co. (Del.)— 2- preferred (monthly)— preferred (monthly) —______— preferred (monthly) _____—__ 5% St. (accum.) Fruit 25c of 1-16 ; United 1 i Co. Y.) (N. California Share & 1- Rochester $1.75 of Co. Extra ' preferred 7% 12-15 15c Miller & Montana 12-31 Inc.— Co., Oil United Bond 2 preferred Service 1 (s-a)— prior Public 1-10 2- ■ Ltd., 7% pfd. (quar.)_ Co., prior 1- 2 ; Union Tobacco 6.36% 1-15 $30c & Bennington RR. Tuckett 6.36% Class 2 1 share lor each share held a 3-15 (interim) 1 1 2- 1 1/14 of 3-15 Proprietary Mines Ltd. Prosperity Co., class A 1-15* 1- 2 (quar.)— preferred class & 1-15* 12-29 2- 1 1-15 midwest Piping & Supply (irregular) Mill Creek 1-15 2- 2- $1.50 8 1-20 3- 12-28 $5c $1.75 •_ Co. 1 1-15 Merritt-Chapman & Scott Corp.— 6%% 3-15 12-18 2- Trust & 2 Gas 2-1 1-31 1-15 $1 preferred (accum.) 6 $1.25 — 1- $1 25c (quar.)___ 6% 6 $3c 11- 1-15 $1.33% —*.— Co._: 2 1-15 $1.50 United 1- 5 1- 11- . Bank Troy 12-30 1-20 1- 1-15 (quar.) < 2-15 4- 2- 1 2-1 $1.25 (quar.)___ Light, $5 preferred (year-end) Premier Gold Mining Co., Ltd Procter & Gamble, 8% preferred $1.25 _________ 50c common - 3-10 $3c 50c 90c 1-16 1 1-10 1 1-20 1-15 25C , (quar.) ' 1-16 1 2- 25c 2- $1.12% ; Manufacturing, $3.60 pfd. Manufacturing (quar.)_ ■ 1-20 2- $1.75 _____ Common (quar.) (quar.) partic. pfd. 1- 1 1-15 62 %C div.) 12-30 1-10 1-15 1-16 1 Trade 1-10 2- 1-30 2- Towle 12-30 75c 12-28 (quar.) V 4- 1-31 $1 (accum.) — Tool (quar.) (quar.)__ 75c Portland 12-30 6% Distilleries Ltd., Stores 1-15 3-15 (quar.)__________ common preferred 12-30 1-15 _ shares 1-15 preferred 12-27 $2.50 4 12-28 25c Bridge Co., 5% pfd. (quar.) Teck-Hughes Gold Mines, Ltd. (interim). Texas Power & Light, 7% pfd. (quar.)—— 1-15 1 1- 1-15 $1/ Tacony-Palmyra 12-20 1-25 1-30 1-15 50c Thatcher 1-10 1 8 . 2-15 25c $1 A 9 15c 1 Mold Corp. 5 1 2- 8 1- 1 common—— 2- $1.121/2" Plymouth Cordage (extra) Employees Stock (extra) $$1.50 preferred Co., 12- 1-15 21- 2-15 2- — 5 3- 3-14 60c $75c Securities— 65c Plomb VL3J 1-15 1-15 ; Fuller & Electric Bearer 2 ■. 31 Vkc , 9 $1.10 12-21 common 6%% pfd. (sa-) $3 40c _______ (initial quarterly) preferred Mercantile - Baer Co., 1- 2- 1-10 $10c' (quar.) (s-a) 2-15 $1.06 V* Ry. B.) preferred (quar.) Textron, Inc., $2.50 prior 20c 12-21 (quar.) (Cai.) (quar.) Sylvanite Gold Mines, Ltd., common 12-12 2- 1-10 1-10 $75c Sun Oil, 4V2% preferred Superheater Co. (quar.) 12-31 $1 $4 preferred (initial) (quar.) —_____ preferred 20c preferred $4 Inc., & Northern Pittsburgh Coal, Ltd.— 5% Robbins, McLellan Stores, Melchers 117Vic $17Vic ___ —'J- (quar.)— McCrory Stores Corp., McKesson 25c 1- 1-10 1-15 $1.25 — (quar.) preferred (John 12-31 1-15 11-25 25c preferred Super 12-30 1-15 25C $10c (quar.)__ , 1-31 12-30 $1.06 % (quar.) & Co. 1 3- li 1-15 $1.25 _v__________ tic (quar.) 7% Co., (A.) 1-15 3- t50c (quar.) common Pittsburgh Bessemer & Lake Erie, com. (s-a)_ ^ 12-30 1-15 1-15 1-10 (s-a) Co., Co. Canada, 1 3-15 $1.12V2 ——_—_ preferred 25c (quar.) (quar.) .(quar.) Co preferred Rheem (quar.)— Rubber & (Albert) $4 50c (quar.) Corporation Tire Coke & 5% 1-15 2- I 1 " (irreg.) $6 $5 pfd. Co., Power Gas Light class A $1.40 Pilot Full Fashion Mills, Inc., 37%c — Co. 4 1-15 —— (quar.)—— Ma"Ssawippi Valley RR. Co. Telephone, Year-end 12-28 (quar.)_ —— 5/'j. 2 2- $1.25 $1.0614 $4 2nd preferred (accum;) 12-30 , of Suburban 1 $1 Pillsbury Mills Telegraph— & 3- 1-15.V - $1 — . — (quar.) Corp. Telephone 2-15' 12-30 (quar.) preferred Calculating Machine Co. Oil Margay (N. Y.) Trust Co. Manufacturers 1-15 Stix 12-31 3-15 10c (resumed) RR ___ Piedmont 9 2- 1 1-15 2-28 20c preferred- Radio & Television, Majestic 1-15 $1.06Vi 50c 15c C.) 5 1- Special 12-29* 1-15 75c pfd. (quar.)_ Mines River 4(4% 12-30 _______ Stein 12-29 1-15 $1.50 preferred (quar.)_____ Pick 1-15 (year-end)— & Co., 4%% pfd. A <quar.)___ Co., $2 class A pfd. (quar.) (R. H.) Macy Hudson 4% Inc., Consolidated 1-18 $1 (quar.) pfd. (quar.)—_ Bottling (irreg.)h— Companies, & 50c $1.25 Co..> 6% Cola Phillips-Jones, 12-30 (quar.) — Pfd. (quar.) 8% 50c 4'/a% 1-15 — 5%% Forbes, com. preierred (ouar.) 6% 6 60c $1.50 (quar.)_. ($100 par) preferred Luzerne Co. Gas & Elec., MacAndrews ______ Stetson Philadelphia Company Philadelphia Electric, 4.4% pfd. (quar.)___ Philadelphia & Trenton RR. Co. (s-a) Philip Morris & Co. Inc. Ltd., com. (quar.)_ 12-30 - 12-30 (quar.) preferred Works, preferred 12-30 — (quar.)_; Ltd., class'A Radio, Co. 1-20 — Tel. Pennsylvania Peoples $5 2nd preferred (quar.)— Co. (Ky.), com.__ ($25 par) v Steel 1-20 pfd. Co 12-15 Electric cumul. pfd. 5% ; 12-31 1- 8 $1.31',4 Interim Pharis 1- 1- 1 Stanley $1.12 y2 ________ conv. Electric Coca Peninsular 5 1-15 1- 9 2- 1 1-25 1-15 1-15 2- 1 (year-end) 8% & Gas 9- 5 75c 15c $2 37V2c 31 Vic $1.25 $1.31 Vi — —_____ Corp. Taylor, Louisville 1-15 .2- 1 3-1 4- 1 2- 1 J 1- 1-15 Standard/TWholesale Phosphate & Acid Works 7% Ltd. Mines, & Utah 6% Liquid Carbonic Corp., 4%% pfd. (quar.)__ Little Schuylkill Navigation RR. & Coal Co. Semi-annually 1-15 1-15 31 Vic 87%c 50c $1.62% $1.12V2 __J. (quar.) 2- 1 2- 1 1- 8 30c 25c ; —— . com. new 1-15 1-15 1-15 1-25 4- 2 } 4- 2 2- 1 50c Corp.- (quar.) Corporation Stores 1-15 2- 1 2- 1 75c 50c preferred (quar.) 6% : / 6-15 3- 1 62Vic : (initial)—_ Lexington Telephone Co., 5.2% pfd. (quar.) Liberty Aircraft Products Corp.— $1.25 conv. preferred (initial quar.)___—_ Liberty Loan Corp., $3.50 pid. (quar.)—— Lerner 1-9 50c /••::; 8c 75c ; 37 %c ! 10c —— —— preferred Leath Lee (quar.) B„ •Lazarus 1-10 25c t5c $1.75 —. (interim)-—.— Lane Bryant, 7% preferred (quar.)——.——. JLangendorf United Bakeries, Inc.— Ltd. Mines, Tel. Common (quar.) Gold 5 Paymaster Consolidated Mines, Ltd.— 5 Inc.— Mfg. Co., preferred Laniaque Pacific 6-5 1- 2- 12-30 (Del.)—• Power Lumber Paterson 2- 1 1-16 2-26 2- $1 Lighting Corp., $5 Paraffine $1.75 12 %c 15c preferred 1-25 Ry 4Va% Gas & Park 1- 3-12 1-15 Panama 1-31 1-20 1-15 1-15 (quar.)__ 12-28 Pacific r (quar.) ______ (G.) Brewing Co.— creamery Co., 6Gc preierred (quar.) 2nd I'M 1-18 $1.25 5oc 31V4C $1.50 10c $1.75 Kellogg Switchboard & Supply— 5% preierred (quar.)___ i Kennedy's, Inc., common (year-end) _______ $1.25 conv. preierred (quar.) Kentucky Utilities Co., 6% preferred (quar.) Kildun Mining Corp. (liquidating).Kobacker Stores, Inc., 7% preferred Kroger 12-15 : 1-27 pfd. 6% 1-31 1-12 Inc Stores, Department Kaufmann 60c t$1.50 (irregular)— . 1-29 Pacific 12- Gas preferred Class B4(quar.) —— f5c Pacific , 12-30 1-15 $1.20 Gold Corp., 1- 2 —— 4 Vi % Standard Products Co.; Standard 12-21 1-15 ___ '. 12-30. 1-15 Oliver 1-20* 3-15 6-15 9-15 12-15 1-2 1-15 1-15 12-23 15c 15c 15c 15c 1-15 $2 $1.25 2-1 ——— 1-15 $1.25 12-15 3- 1-17 12-22 $1.25 States Pwr. (Minn.), $5 $1 —________ — _ 1-15 75c • preferred, B (quar.) ________ Standard Brands.) Inc., $4.50 pfd. (quar.)— Standard Chemical Co., Ltd. (interim Standard Oil Co. (Ohio), 5% pfd. (quar,) — pfd. (quar.) (quar.)—__ O'Brien 2 25c (quar.) Common 75c Co., common—______ (quar.) _____ — — (E. R.) & Sons, $5 pfd. A (quar.) — preference $4.25 (interim) (initial) _____ Oppenheim Collins & Co., Inc. (year-end) __ 12-29 Vegetable Parchment Co.— Kalamazoo 1-15 . 2-10 25c Novadel-Lighting, $5 preferred $1.50 (quar.)—..—... preferred (quar.) preierred series A 2nd 4% Jophn Water Works Co., 6% 1 . (s-a)________ Power, $3 Squibb 2- 12-30 Northern 1-10 2-1 Co. preferred (accum.) preferred (accum.) 7%' 1-10 Jonnson— & Johnson , V' $1.25 (quar.) Liberties Ontario Northern 12-20 1- $1 prior preferred-----^- : Ry. Northern 1-15 1-15 $75c $1.06!4 — .7% 5%: preferred Northern 1-15* 2- 1 1-15 1-15 Stores Department Interstate 1-11 (Dallas)-— Co. Insurance Life ' J 13c , Cqrp._______ North Penn Gas, 12-15 2- 1 _ 2- Northern,Indiana Public Service— 12-15 1-15 t$1.75 Electric .Northern Central ' : preierred (quar.) — International Utilities Corp., $3.50 pfd. (quar.) 7% Telephone Central RR. York „ 1-31. 2- 1 2- 1 (quar.) (quar.)— preference conv. 1- 1-15 Spicer Manufacturing 1-15 New Brunswick ' 5 International Metal Industries— 6% 1-15 12-15 12-31 1-29 2- 1 1-15 ____ international Harvester Co., common 1-19 1-15 25c 3-1 5% 2bc 65c —_ Detrola .International I 20c 1- "-v...;>*■/ $20c 1-15 $37%c 1-15 Ltd.—- $1.50 1-15 50c ■Extra International Bronze Powders, (quar.) preferred B 6% Corp., $1.20 preference.™. National Steel Car Corp., Ltd. (quar.)—_— 1-31 2-28 1-15 ( 1-15 35o Lead Manufacturers & Stores (year-end) Co., 12-30 $1.50 $1.12 VS (quar.) 414%. pfd. (quar.) Southern New England Telephone Co. National National Money Holders When Per National 12-29 ■ • stocs; & Bond. Group y.Vij ;<•Name of Company '•'.t./.; of Rec. Share.:,, Payable of Rec. 1-20 3-10 • Holders Payable 2-14 2" 1 1-15 ; Company 12-30 3- 1 2- 1 1-15 $1.50. 15c ,-. (accum.$2.50 t —V (quar.)__ Investing Corp., $7 pid. Hussman-Ligonier Name of of Rec. Payable Share t ;6i pfd' (quar.)_ Fibre Corp., Hummel-Ross Holders "Per. • : ::.".When . Name of Company -When Share - r Monday, January 8, 1945 COMMERCIAL' & FINANCIAL CHRONICLE THE 144 resident in tax, Non* that held railroad The Hews ' of entered in suits by the two groups of stockhold¬ railroad and nine of its officers and was 1940 to hold the and 1939 Pennroad in services-, _ Net profit after charges and Federal; Earnings per share on 403,680 shares and sales Net —517.707,602 ; • 140,288 - taxes—,--—; class A and class B y- Ford Motor that 0 34 Ry.—Earnings— ry. railway——— from Net income. oper, ; $30,810 $143,056 70,156 27,887 $128,334 64,423 24,017 $131,783 69,964 26,955 railway^-— from Gross Net / 1941 1942 1943 Net ry. railway- from Net . income oper. ''Deficit.-—V. 160, p. 2407. 31— .7 will stock at be devoted $104 for that it indicates 1945,I group ^ the 4(4% expects redemption and for $107 The company time in March, 4Va these stocks redeem to some Sept. 30 Ended I--/v-; Profit after Total after ^ ' I- w-.-—-- interest, income $94,170,623] 7,117,899}' 7,203,296J etc.— and 1943 1944 etc.L—^1™-^—-; depreciation, income Profit Federal +Net Period End. Nov. 30— .V v Railway per tSubject $6.109,31S 2.784,000 $3,461,912 _ $3 ,325,316 $2.90 common, to possible refund.- -V. renegotiation Period End. Nov. 30— 161, 12. p. •Earnings— 1944—Month—1943 Railway oper. revenues. 1944—11 Mos.—1943 $2,627,984 $2,611,576 expenses, 2,450,397 2,494,653 'Railway tax accruals,. Equip. & jt. facil. rents 361,474 332,246 Cr531.580 Cr520,741 $347,693 $305,418 $4,988,345 24,991 193.032 246,168 391,046 $372,684 $498,480 $5,234,513 $5,938,123 55,481 60,147 •1,245,588 1,826,123 3,387 5,026 50,096 40,931 $313,816 $433,307 $3,938,829 $4,071,064 $228,303 $125,609 Railway Net oper. ry. income. oper. income Total V.".'- . $. VV'f•-'* $ $ r 933,824,960 income Miscell. 1944—Month—1943 T : 1944—11 Mos.—1943 • .» $32,025,267 $32,161,933 26,108,065 23,975.036 8,365,501 6,823,481 Cr5.894.624 Cr5,725,731 $5,547,077 deductions from income <£ 897,476,873 oper. reys.— 83,085,440 80,232,091 exps.— 60,224,962 Total fixed charges 59,017,391 678,649,143 606,232,785 Net Net from, .-railway rev. ■/ income 14,104,421 taxes—_ 1,041,965 1,195,873 11,814,410 11,012,245 tuxes—- 1,127,128 1,295,474 Gross income 117,026,000 142,022,819 $3,119,366 deductions Income $3,203,386 $2,428,608 (Dr.bal.) (Dr.bal.) 358,820 503,236 120,092 rents 64,113 3,686,124 income 9,234,329 4,428,727 102,512,142 118,449,237 $2,335,820 , — fac. requirements:. $5.50 Freferred ($50 ■> « , series A, 434%--^--——— conv. prior preferred-— Pfd., v ———— div. stock - ry. oper. •/ . —— , Earnings November— Company of Only 1941 1942 319,000 273,165 from Net from Net ry. railway- railway- - income _ oper. stock com. & $1,773,655 $1,931,574 $2,008,720 surplus Gross from 161. 11. P. * > Net ' . Pee Delaware Lackawanna & Western ry. Net from Net ry. shares Earnings per —V. p. 155, share 1414. $0.38 — —- — 11^47p,610 130,983,012 88 V November— from Gross Net Net ry. ry. 1941 1942 250,855 454,493 131,165 93,027 271,792 " 1941 1942 1943 1944 It- r $120,433 ..'$112,326 $92,711 21.455 7,959 20,065 26,477 408 16,715 1,407.018 1,354,361 1,136,566 '■ income— . $102,873 Y 42,884 34,751 From January 1— $514,787 116,285 '19,445 Net from '202,647 '36,476 '167,386 Net rv. from Gross —V. 11,587,350 3,046,441 11,585.266 8,688,512 1,998,862 1,139,162 528,929 1,057,496 '167,776 '827,887 railway—— 251,417 income— 160, 409,997 227,030 961,346 362,078 203,091 railway oper, 315,845 297,412 , 220,265 2408. p. 7,103,608 3,268,877 income.. oper. 'Deficit.—V. 160, 2547. p. Pittsburgh & West Virginia Ry.—Earnings— Pennsylvania' Manufacturing Salt of Co.—Listing 1942 1941 $607,247 $562,422 $513,594 $460,362 208,051 t:,- 162,790 from from 186,005 198,024 Net ry. 1943 1944 November— Gross Net • 52,825 *79,478 - railway oper. $716,704 railway— railway from Net 17,939 1,409,439 ' 2408. p. railway *13,115 v '111,061 . from $727,919 $814,562 80,215 income._ oper. 12,435 1,353,629 .. . Pittsburg & Shawmut RR.—Earnings- 289,118 Lines—Earnings- 1943 1944 railway.— railway from Gross 1943 $302,994 . ^56,265 $0.55 1944 30— charges and taxes.. $215,918 outstanding—555,947 profit alter Common 103,575,730 From January 1— Pacific Coast Aggregates, Inc.—Earnings— 9 Months Ended Sept. irom Net " Net — income .L 12. November— Petersen, A. 895,787,432 765,749,181 559 261,250 256,071,665 291/,125,497 261,385,248 157, 368,757 160, 610 1,347,962 282,955 . income,, oper. 32,074 931,917,947 .— Pennsylvania-Reading: Seashore Gross Executive Vice-President, has been named President, to succeed the late Jesse II. Van Alstyne.—V, 161, p. 12. L. railway— p. ry. $123,391 25,128 1,158,877 railway.__,_,T from Net $115,523 13,901 *13,548 . railway—__ 'Deficit.—V. railway- oper. 161. from $110,278 "2,774 • From January 1— Gross 1941 $88,337 . railway,,,, oper. income,, 1942 1943 1944 railway,,,, from Net 1462. RR. above.—V. 117, p. Otis Elevator Co.—-New President— ■ ry. —V. Oswego & Syracuse RR.—Merger Agreement— ; , from Net —V. from Net From Jan. 1— for Balance $6,153,194, $5,273,397 Pittsburg Shawmut & Northern RR.—EarningsNovember— . $80,0887374 $74,243,320 $53,146,783 22,913,363 21,220,311 25,621,348 12,817,766 9,302,043 4,445,647 14,839,298 6.497,791 $82,923,368 _ L; L income, & 2408. p. Net - 1943 1944 >. Gloss 243,437 135,982 117,613 427,500 par.l_ 160, Gross Net 6 income Net Pi'd. profits taxes,, -V. 1,895,115 859,336 $2,436,220 rents 12,805,659 7,331,482 $3,225,186 774,759 Equipt. $3,194,057 Cr3l,128 683,146 — $3,210,447 J9r7,08l Fed. 11,930,638 5,934,034 ins. Jt. $3,126,447 Dr7,031 *Incl. excess 21,214,700 255,175,817 '291,244,088 10,555,000 ■ taxes retiremt. RR. >> 22,860,478 operations Railway Unemploy. Other income, net < 3,348,000 (n.ti caxrs Pittsburgh & Lake Erie RR. Railway 'oper. —— income..—- ; . Not $3.04 pro.yts - operating . Avail. 6,809.912 fexcess income Earnings (Excludes L. I. RR. and B. & E. RR.) *** — Utility ■ • preferred preferred outstanding of the T-'M Earnings for Six Months their" claims. of ' ' the shares not exchanged for old the to sales Net was - — underwriting an Co. Proceeds from the sale of stock preferred holders will headed by Lehman Bros, by the present common and Earnings of Regional System $15,159,083 $15,159,086 $12,959,693 5,781,507 5,781,507 4,506,344 Maintenance —...i.„—• -i— 466,710 466,710. 369,227 General taxes 897,521 897,521 910,420 Federal normal and surtax,—— 1,233,000 1,217,000 1,014,100 Federal excess profits tax 1,766,000 1,698,000 1,390.600 State income tax———2—L——. Y 126,000 126,000 119,350 Reirement reserve accruals 1,761,901 1,761,901 1,545,594 l - Operation decision 1943 Actual absorbed Glore, Forgan & Other 1944 /, Pro Forma Operating, revenues The main amount lull 12 Months Ended Oct. not publicly offered by personal responsibility. opinions- were written Co.—Earnings— Oklahoma Natural Gas be and the by as many1 judges of the Appellate by Judge Herbert F. Goodrich. It ex¬ plained the court's contention that the plaintiffs were barred by the statute of limitations from recovering anything from the Pennsylvania RR. Judge Charles Alvin Jones concurred with Judge Goodrich and Judge John Biggs, Jr., senior member of the court, dissented, saying the plaintiffs had proved their whole case and were entitled to the 295,224 91,141 15,579 1,206,317 664,637 288,025 1,448,910 788,917 308,517 1,481,871 830,277 324.863 railway from the ground that upon shares Three Court. From Jan. 1— Gross rested mainly the verdict of groups any "759 * 10,799 which the plaintiffs complained. of of plaintiffs filed their claims tdb late. The controlling opinion stated also that the plaintiffs had failed to prove any "moral turpitude," "breach of trust", or "dereliction of duty" on the part of the officers and directors, who had been relieved by Judge Welsh of two 1944 connection with three other transactions, but to $22,104,515 on the four other in 145 . losses amounting been reversal The and Co., there had transactions "l % Oklahoma City-Ada-Atoka . Judge Welsh, after a trial' that lasted 87 days, held that no loss had been shown by Pennroad's stockholders with respect to the $36,000,000 deal to purchase the Detroit, Toledo & Ironton RR., owned by the i':;; . —V. November— were road. Ended Sept. 30, 15>44: for Two Months Earnings , interests in six railroads, directors fk officers also of Penn¬ •" v" /■■ : controlling purchase of the The nine individual defendants Inc.—Earnings— Northrop Aircraft, . than $100,000,000 and the latter judgment should be set aside. The .1 more District Court's the directors, most of whom are deceased, liable for alleged losses, asserted to have been in excess of $95,000,000 through the investment of funds : , entitled to were won. judgment in ers (Continued from page 112) they contended that General Corporation and > CHRONICLE & 1 .x-JANCIAL THE COMMERCIAL Number 4349 Volume 161 railway- railway . 154,963 125,261 273,875 income— oper. 183,727 " Pacific Telephone v.. . :•••'••/ 'vA-;.' v- Operating revenues Operating expenses — - Taxes 52,843,484 221,274,000 2(i»-,982,764 35,841,144 145,981,000 130,940,729 11,089,443 50,630,000 47,445,170 14,095,000 ———————— $ $ § 57,356,000 36,720,000 .— * 1944—12 Mos.—1943 J * 1944^-3 Mos.—1943 Period End. Dec. 31-— . (& Subs.)—Earns. & .Telegraph Co. Common Stock— The 6f \ income oper. 6,541,000 25,593.885 .Dr796,670 24.663.000 £>r792.000 5,912,897 109,184 common standing.—V. electric ended week (net) Income Total Drl85,000 —_ 6,356,000 — 6,022,081 23,871,000 745,916 2,752.000 and out¬ Net ry. of 3,377,000 30, the company amounted 1944, to and its subsidiaries for the 129,503,000 kwh., an increase week in kwh., or 2.7%, the over corresponding 4,849,937 2,545,653 2,050,653 1,741,361 1,802,435 1,667,608 1,617,227 1,481,695 2408. p. Polaroid (The) The class Dec. 3,418,182 " :... Cambridge, Corp., Mass.—Accrued Dividends— 1943.— 161, p. 12. • 5,883,382 2,032,643 oper. 160, \V . 7,157,240 railway—— «• 6,712,003 railway—L— Income from —V. 24,800,195 675,000 income issued 'I.. ...I.:'" ■ January 1— from Net which are v;.:' for output Dec. V. Other all of $10), (par the listing of 750,000 authorized Exchange has stock 160, p. 2651. Philadelphia Electric Co.—Weekly Output— The Net Stock York New shares From Gross ;1 recently' declared dividends corporation A-stock, 29, settlement in of to stockholders of 1944, the shares to up arrears Dec. 26, record Sept. issued 24. " • 5 %■ cumulative 24, 1940, payable 1.944, in the following; its on Dec. *5,631 000 5,537,188 20,302,813 $1.64 $6.58 Dividends Earns, share-- per com. estimated.-—V. "December 161, corporation The Dec. on July which matures 1, 1937; $8.75 snares July in prepaid 29 William Judge Kirkpatrick H. 28 granted the Dec. on $1,000,000 the This is funded its of portion of the $6,000,000 a holders 1944, The are interest payment uted among bondholders is in addition to the $6,335,000 to be distrib¬ and creditors under the company's reorganiza¬ 1.—V. 161, p. 12. plan, which became effective Jan. tion The has called company for redemption on Feb. 1, Bank & Trust Co., National Illinois 111.—V. 160, p. cago, trustee, 231 La Salle St., So. .i:.-v. 2546. expenses all of the next, outstanding 1st mtge. sinking fund 5% gold bonds, series A, due May 1. 1953, at 102 and int. Payment will be made at the Continental 1942 Pennsylvania RR. upset.—See —V. 160, p. 2078. Penn¬ below. RR. 11,087,704 821,1.81 '673,633 94,802 131,779 $1,085,213 $1,114,253 $1,866,935 $1,785,118 552,220 ___—„ income 553,428 544,862 , 10 Mos.—1943;- other 10,720,294 2,897,473 115,323 ,565 '97,114.164 35,504 610 25,876,020 Cr701,135 267,157 201 492 3.440,940 5,154,862 4,153,320 50,057, 514 37,268,877 481,006 5,930 ,012 4,635,902 25,891,524 13,358,264 4,458,089- __. of cars„_ maintenance- opers._- car '* 631.321 expenses 2,916,338 23,629 935 450,855 385,747 4,380,158 3.615,212 Total expenses 408 089 272,790 3,241,456 .2,556,382 revenue Auxiliary Operations— 89,134 279,100 Cr 11,718 248,751 260,669 : c' revenue Total net rev 42,766 $693,271 $597,008 $544,711 divs.— 112,957 1,138,702 1,053,830 3,857,892 3,029.296 24,768,633 28,950,354 3,159,924 2,352,536 18,937,637 21,745,760 697,963 C76,759 5,831.000 5,204,594- 8,800,194 8,823.111 254,420 D'36,183 t Net 85.619 tax__— for 1944- 573,226 (or depr.ee, | avail, Auxiliary O perations and Car of 1944—Month—1943 (Taxes accrued _ _ — Operating income—.. Bal. Earnings— Expenses 759,099 '684,280 charges Retir. exps. - , 11,165,218 and oth. deducts. Federal on the 3,815,126 $2,675,996 (includ. Net earnings Amort, Pennroad Corp.—Verdict of $22,104,515 against sylvania revenues 'Maintenance 1941 $2,782,918 ...i—— Interest on Total revenues 1943 $2,875,591 maintenance) Taxes Chi¬ - Tctal Net 1944 revenues Oper. and Period End. Oct. 31— General $2,934,711 12 Mos. End. Nov. 30— Gross Bonds— $6.25 and Sleeping Car Ojieralions- All Philadelphia Suburban Water Co.- -Earnings- , Pcabody Coal Co.—Calls Issue of 5% Revenues Conducting pa.d off an outstanding mortgage on the property of an approximately similar amount.—V. 160, p. 2651. 1933, Pullman Co.—October 5'Jo $39,148,- to receive p. on 18, com¬ the year $22.50. On each $1,000 of The 000 of debentures, holders will receive $10.42. Funded Debt— shares issued Dec. 20, 1939.— 1926;}'.. VTy:/..; %. v.Ai.-i':AkAA-AV' '. May 155, permission to pay bond and debenture holders $853,145 in interest pany bonds, when the-company took into its consolidatedstatement the Paramount Building, Times Square, New York City, and borrowed Federal $10 V. 1944. * • •On each $1,000 principal amount mf the $24,344,700 of refunding 12. p. 1945. .$6.69 . Payment of $853,145 to Creditors— proves xor Paramount Pictures, Inc.—Prepays debt 21,382,013 20,302,813 21,119,000 $1.81 —— 5,276,165 5,537.188 income Net Philadelphia & Reading Coal & Iron Co.—Court Ap¬ amounts: issued deductions Interest c $623,101 'Includes— 'Includes Federal taxes. Airlines Pennsylvania-Central important vitally Two Aeronautics Civil PCA it Board, authorized was airlanes its to was fly have Corp.—New been announced granted on Jan. between'Detroit non-stop by extend to outlet by air between decision PCA route Chicago route ing in By a New York and the West and South. from Pittsburgh, the city of PCA's beginning in 1927. . virtue of these new route acquisitions, PCA can provide service New York and Pittsburgh, Akron, Youngslown, Cleveland, between Detroit,, Chicago,' Milwaukee inaccessible by Bedell C. York route ing, various President,8pointed would integrate effectively advantages listed, among ancl Michigan heretofore cities one-carrier service, Monro, out that the Pittsburgh-New into the PCA system and that it would afford the Southern cities of Wheel¬ Morgantown, Clarksburg, Charleston, Tri-Cities, Knoxville, Chat¬ Huntsville and .Birmingham new one-carrier service to New tanooga, York. 'the^Civil Aeronautics Board beforq tant Detroit and Miami as well global routes radiating from Washington, New across the North and South Atlantic and to as several impor¬ York and Chicago Asia.—V. 1C1, p. 12. test judgment awarded them in the Ph.ladelphia nearly a year ago in their con¬ the Pennsylvania RR*, two groups of stockholders of the Corp. were rebuffed Dec. 28 by the Third Circuit Court of more District with Pennroad Appeals which than the Court at set aside Judge George A. Welsh vania RR. The stockholders, led Grace of Stein We'gle $22,104,515 the to decision enter a of the lower court judgment in favor of and tne by lone M. Overfieid of Salt Lake Ch'cigo, aid the Pennsylvania RR. appealed Judge Welsh's judgment to the Appellate Court. granted permission to the Payroll exc. Philco Corp.—Storage Battery Output Up— M. W. Heinritz, divi¬ Vice-President in charge of the storage battery part, as follows-: 1944 the industrial the previous year. ' "In contributing its, share to the over-all industry record, the Philco Storage Battery Division in 1944 increased its production 50% over the preceding year. This increase was made possible by prefabrication or parts and sub-assemblies and an intensified use of sub-contractors. 161, i ordered Pennsyl¬ City also and had The dormer 2,538,431 taxes p. ■ 12. ; . * *;.»? iu v in continued star for been has added at the to .: . . ... 199,847 Registers share of new preferred for each five shares of common Simultaneously of 4'/4% company cumulative preferred stockholders. holders,-by the A cash adjustment the -company, WUI 'exjue .on. Jan. o-xC-s achievement outstanding N. J., in the war "E" Flag won in 1943 by Schairer, Vice-Presiclenti S, O. 3.—V. 160, p. 2760. $ Other transport.- for Charges revs. 37,308,019 inc. and will he paid to preferred.- > . 29, 1945, and any new 3,532,433 3,006,663 .294,107 343,319 31,158,602 329.843 077 286.333,223 16,941,838 191,705.620 155.700,667 1,129,124 12,533,720 10,585,827 104.013 100,097 1,030.616 930,532 56,343 5,779 240,320 147,952 15,542,676 12,981,764 124,231,201 118,'113.193 on debt „i__ trahspor. 'Payments p. $ 20,666,004 d'scount deductions 'Rail s 30,8.15,283 326,310,644 233,332,155' 37,702,123 income & Operating expenses Int. 1944—10 Mos.—1943 $ 1,333,035 revenues Total anis (& Subs.)—Earnings- 1944—Month—i943 . rev.-- rail to and ether carriers, express privileges.—V. 160, 2760. stock will offer holders of the 144,565 stock and 48,677 shares of 4V2% cumulative preferred stock the right to exchange their stock on a rhare-t'ov-sha-e basis, for the new preferred stock not taken up by the held. shares 1..J 12,804,228 Railway Express Agency, Inc. Period End. Oct. 31— funded with the SEC 199,847 shares of cumu¬ lative preferred stock (par $100) and an equal number of subscription warrants. The dividend rate-will be supplied by amendment. The company will offer holders of its 999,235 outstanding Shares of common stock subscription rights, evidenced by wararnts to subscribe common, 1,731,099 charge of the laboratories, announced Jan. has registered company one -V 361.422 Army-Navy Princeton, Express taxes Philip Morris & Co., Ltd., Inc,!~ Shares of Preferred with SEC— • '• for 16,520,614 - t storage battery industry made an $4,000,000 over • of. Laboratories RCA im¬ portant contribution to the war effort and war-supporting activities by stepping up its production, to approximately $70,000,C00, an increase of • third effort in says "During —V. pi 63 3,002,291 4,096,264 Radio Corp. of America—Laboratories Aiyard—. A sion, & 931 , due Jan. 1, coupon i 426,2331 taxes Inc. 01,321 __ include: —V. 160, p. 2547. Other Pennsylvania RR.—Wins Appeal in Pennroad Suit— Seeking has 881,258 878,800 ; adjustments 1 Taxes accrued 1945, on $2,627,000 of its outstanding 5% first*, mortgage bonds.—V. 159, p. 2525. ;--v ♦ of The Federal Kirkpatrick under tee applica¬ PCA are Judge to deposit $65,675 with Philadelphia-Fidelity Trust Co., trus¬ first mortgage of July 1, 1910, to be applied to payment company •; .. pending Now tions" for service between District -v The CAB 40 cities in the 12 States that comprise the one-carrier system into the nation's commercial hub, ty¬ to the also opens Depreciation Deprec. Federal and from Pittsburgh to New York. The certifica¬ tion of the Capital Airline to fly into New York gives PCA, for the l'irst time in its nearly 18 years of pioneering in commercial aviation, a terminal in the world's largest city and also provides a direct new and 160, p. 2408. Philadelphia & Western Ry.—Jan. 1 Interest— the .' 1. depreciation.—V. "(Includes RoutesPCA to preferred Republic Aviation Corp.—More Thunderbolts for AAF receipt from the U. S. Army order for long-range P-47 Alfred Marchev,: Prcsi* dent said the new order brings the backlog for ■■Republic's plant*" at Farmingdaie, Long Island, N. Y., and Evansville, Ind., to mor? -than. This Air corporation Forces of Thunderbolts. a In on new Dec. 28 announced substantially large making this announcement, said, Marchev shifts.—V. 160, p. 1531. operating on two 10-hour while Louis San Francisco & Texas Ry. -Earnings— St. Because of demand for deliveries of Thunderbolts, Mr. both Republic plants are still increasing employment $600,000,000.. Net Net 1943 1942 1941 $3,526,982 2,757,814 1,030,670 $8,875,079 3,567,604 2,178,412 $6,560,858 1,832,813 1,012,873 From January Net 106,356,056 104,446,762 31,562,336 3^,635,223 93,609,290 35,325,299 — 15,889,508 19,656,598 —V. ■ • j.':-' :!• ■. * In me Dec. 28 sa.d: on two sharehoideis. 3,576,582 3,931,143 3,063,951 1,472,555 1,014,148 365,330 974,871 1,469,769 1,044,414 income oper. 2443. p. from from •Net ry. the to Gross from ry. 1,638,076 551,919 j-ly 181,729 710 *260,363 "Dexicit—V. ,'v/:;''- 1.272,487 7 y 77.906 ngs-..__>iA_ -Gross earn *33,616 160. p. ' ■ *277.965 '•' Note—Operating 2443. 160, Mo-,—1943 $608,863 217,975 $577,306 20J,127 $390 885 '. -' $368 179 ' 43 and excess profits '.I'",■•"; .1":' include i.icome do net 2653.' p. jkyps 1944—2 $182,048 $192,588 expenses ■; $288 744 106,6^6 $304,228 1.1 700 Net earnings taxes—V. ■ Ltd.—Earnings— 1944—Mont 1-1 Period End. Nov. 30— 1.422 2,472,703 166,171 *416,152 income.._ Venezuela, Cruz, la , Ope;ating expenses laiivay—2,701,487 :de Puerta the •" " railway... oper. deliveries of the pipe line lrcm the to Southern Canada Power Co., $117,688 *10,954/ *28,059 field p. 48. 1941 $141,557 V 17,677 • *18,588 *20,267 income... cper. from Net first matter pertains to Federal income taxes in connection with company's'offer of excaa.igo cated Nov. 15, 1344, under wjiich the will issue, subject to the term: and conditions contained in said offer of exchange, shares of new 6tf cumulative preferred stock in exchange ler cummcn stock, upon a share-lor-share basis. A written ruling has been obtained lro.n the Bureau of Internal Revenue, that for Iederai income tax purposes, no recognizable gain or loss to the corporation or its shareholders will result from exchanges made under this oiler. The ruling aisi holds that the basis (as to cost and period of ownership) to the shareholders of the stock received in exchange will be the same as the basis of., the stock surrendered. The second matter relates to the final settlement of renegotiation for the iiical year ended June. 30, 1943. Under date of Dec. 16, 1944, the War Department Price Adjustment Board in Washington approved the renegotiation agreement which had previously been reached with the Chicago Ordnance District Price Adjustment Board.) Accordingly, 154,obd 1942 $237,569 railway.—32,916 Net The Iff:'1943 $282,453 railway— From Jan. 1— . 531.416 San Antonio Uvalde & Gulf RR.—Earnings1944 that advised been Barbara >oii Santa equipment, insUned, t.m cor¬ of additional pumping part terminal, hive been increased to 52,000 barre.s a day. The orijinel ■ capacity of the line was 40,000 barrels dai.y. With the installation of a pump station for which all the material is on the ground, the line will have a capacity of 75,000 barre.s a day and make-possible the loading of tankers-with about 2,000,000 barrels of crude monthly. The pipe line and terminal are properties of Venezuelan Petroleum Co. anu its subsidiary, Compania Consolidada de Pet10.e0.-7-V. 161, 1,718,517- f . only poration'has The ■i.'.J&Y 0 November— A ".' ' " . days the company has obtained decisions on matters wu.ch vec.s are or immediate interest past following Chairman, Avildsen, Clarence . ry. Net Republic Drill & Tool Co.—Tax Ruling, etc.— ; railway:.™ railway.——,— from Net Gross ■. '331,231 from Net 14,915,347 13,023,889 oper. income— 160, p. 2443. .' 123,035 243,212 From Jan. 1— Gross 72,566,637 24,682,038 ry. With $323,115 '■'•" $160,667 16,723 57,155 $446,313 24,906 incmoe..— oper. —V. 160, railway from Net ry. ,v 1— railway-- from Gross 1,166,591 income--. oper. ry. . — railway— from Net , 1944 railway from from Net . $9,482,666 2,178,950 November— Gross .. railway— $238,188 radway—— h.' 87,3u6 from Gross Reading Co.—Earnings— Rise— Sinclair Oil Corp.—Venezuelan Oil Deliveries I - 1941 .1942 1943 ' 1944 November— Januar^ 8, 1945 Monday, FINANCIAL CHRONICLE THE COMMERCIAL & 146 the Savannah Gas Co.—To Sell company fixed refund for that liscai year is now definitely at the amount for which provision was made in the iiancial ments Included in the last annual report. See V. 160, p. 47. renegotiation the state¬ Rhebem Theatres Corp.—Tenders Sought— Manufacturers Trust The Co., Beaver St., 45 Y.,»will New York, N. IEWT) on Jan. 15, 1945, receive bids for the sale to it 5% bonds dated July. 15, 1937 ($265,100 principal amount outstanding), to an amount sufficient to exhaust the sum of until 3 p.m. 1st mtge, of now not to exceed par. Notices of ac¬ mailed on Jan., 19. Bonds accepted comoany on or before Jan. 31, at approximately $18,000, at prices ceptance of such tenders will be delivered be to are date which payment will 15, i 1945.—V. Jan. the to 159, trust 113v p. * , Fredericksburg Richmond , , . RR.—Earnings Potomac & 1942 1943 1944 November— 1941 • $3,031,505 $2,709,993 '1,309,359 1,542,865 203,241 258,714 1,631,406 259,557 $1,129,975 403,330 113,181 railway— railway- Net from Net ry. 34,641,275 33,832,124 18,157,669 19,735,759 income— 2443. 2,948,821 3,540,273 25,129.245 14,487,650 2,816;531 12,488,031 4,S09,061 2,234,509 railway— income— oper. from Net from Net ry. —V. oper. 160, p. American Gas See Gross railway,. railway from Net ry From 373,069 4.328,833 551,136 3,945,786 751,258 80,384 337,638 561,324 3,459,848 419,926 232,785 160, - ,. to the order .Redemption 160, p. 770. - Joseph Railway, Light, Heat & "St. i 2547. /./I./.I,I;.'I Bonds— i, next, $115,000 of the outstanding 1st mtge. 41/2%. bonds, due Dec. 1, 1947. at 100 and int. Payment will be made at the Guaranty Trust Co., corporate trustee, 140 Broadway, New York, N. Y.—V. 160, p. 2443. been have There called redemption for on Feb. St. Louis Brownsville & Mexico Ry.—Earnings— , .1944 1943 1942 $1,589,883 $1,449,976 $1,121,738 November— "Gross railway- from Net ry. 700,562 737,463 615,376 280,722 119,187 *561,824 390,459 195,694 17,671,746 15,133.028 8,306,875 8,005,534 11,094,373 5,285,278 1,749,300 1,726,907 3,167,689 7,096,539 2.443,741 1,718,810 railway— from Net income—. oper. 1941 $761,044 From Jan. 1— iron Gross Net Net ry. railway railway-.; from income— oper. -Deficit—V. ' 160. 2443. p. for Earnings November— from Net Period End. Nov. 30— Net after income and ry. 4,126,215 5.063,173 2,444.630 from 160, letter realized the taxable the $621,574 $1,093,605 bonds at lower interest rates was announced Dec. 29 by following- approval of the plan by the Missouri P. S. company Commission. * • locseis 'The new bonds, senting The bonds will be issued will be nancing plan was fees.—V. attorney of maturity total interest saving of a new and each a 2'/aft interest rate for and 3 Va %; for the second five, repre¬ maturing in 10 years, carry five years $1,516,874 for the life of the issue. in 40 quarterly instalments plus accrued interest. sold at par, estimated at 160, p. 2443. ■ $28,775, ■ of $150,000 present there 27), Earnings from Gross Net Net from ry. From ■ of which $10,000 represented :|,;/| ./h/; railway- — — Only 1943 1942 1941 $9,982,266 $9,245,135 $8,453,935 $5,099,727 3,374,693 2,396,965 3,380,147 1,442,801 1,739,774 1,389,366 2,851,556 1,132,505 railway- 106,451,455 97,951,421 53,769,568 railway—... 33.694.200 77,127,080 27,375,990 22,719,093 11,558,059 income. oper. — Jan, 1— Net from Net ry. income™ oper. .' t Company 15,896.582 "33,303,436 20,577,468 15,076,052 Earnings of System Period End. Nov. 30— 1944—Month—1943 was an excess oper. revenues..— Total oper. expenses.— Net ry. Dec. as The 311,328,748 102,955,755 1,098,052 75,469,919 67,091,360 1,802,661 3,532,332 16,582,673 21,920,424 18,045 310,105 188,733 Other income have directors decided Total 1,819,259 income "Income of sale on for fixed "November, chgs. 1,550,377 16,892,778 22,109,157 55,853 40.878 120,481 1943, eject, 1,509,497 for These of $939,503 year 1944, 160, p. 2653. 160. 16,772,297 21,936,387 of wage increase. tAfter deductions 30. with p. 1944, and $13,503,420 in period Jan. 1 to $507,478 in month and $8,133,951 in period last year.—'V. 161, 1.395,686 3,363,628 5,164.614 47.893.349 76,483,288 Sought— 173. 157, p. ' , -. v.;. nmm • • '. . ^ . , ••'•.h .. 1941 1942 1943 1944 $20,108,679 $19,600,736 $12,373,955 railway.,. $24,785,751 8,866.632 9,294,012 9,487,754 4.476.231 2,718,616 3,240,809 5,761,143 2,835.732 income. cper. from "*• iailway. railway.— from rv. oper. income 161, p. 48. 185,191.022 126,840.144 95,375 902 104,679,860 81,( 20,768 47.190.1^5 30,030,914 33,402,209 38,575,518 29,534,932 240,162,035 223,360,944 — — — Plan- '■"■'.'■ll/l a i'.■ - I!;:|V|:|"1.AlA-l-I 7 New Pre ent : mtge. collat. trust bonds, 4*1 ser„ due 1972 $20,000,(03 bonds, 3 Va %" series, due 1974— 0lk%. cumulative preferred stock...5,831,100 4%%* cumulative preferred stock. : . 1st $36,366 150,710 109,106 93,452 $199,707 $158,877 1st mortgage $17,500,090 $132,818 securities year Balance 30. last,- of costing $1,183,552 with a earlier. Sheet, "Rate as presently assumed. The new bends will be sold either pri¬ to the general public through underwaters, it to institutions or vately is 5,000,000 JC—-A—$25,831,100 $22,500,003 Total fProfit. proposed first offer the new preferred stock to the present prefor exchange and any shares of new preferred s ock exchange will be underwritten. •' t order of • the. Securities and JSvchange. Commis i 'n, to fered stockholders Nov. 30, 1911 not $670,000;. accrued interest payable on 6% junior notes, series A, due March 1, interest payable on junior notes, $417,600; total, deficit, $870,470; In issued so Pursuant to . recently sold for approximately $4,052,090 i's last remai^irj'i subsidiary, Gulf Public Service Co. 7he proceeds of tM's sale ftogether ..with 'treasury.'-cash. esti*na4ed. at a maximum of $250,090) will he added to the proceeds of sale of the new bends and orefmred s'o-k rtc-c-iWfi above and applied to retire the above mentioned present company ■ securities. issue will tve be interest on Fm new bonds/the dividend rate on' stock, and the prices at which these socuri'ios w''l yet finallv (at of r/t,e not b^en < there fo'lows an esti¬ determined, comparison of the yield hash to maturity of the present bond? redemption price of llCrtijff. of principal) and.the vieldi ha is mated the the on preferred have the new sold, fhe"-) preferred stock tat the redemption price of 3110 per the estimated yield basis of the new toiids and preferred present with stcck: :'■• ;.a,: . .-a ■ '. - ■' -—-Basis of Yield a'":'- : , - tDecr^o-e "New Present be —3.41'/ Bonds : 2.9T% .50 % 5.91% 4.41% 1.50% stock—_. Preferred ■ m's iReprese "Approximate. unit savings to company ing Federal incofne and e j.cess profits taxes, i.e., 4at.-the preferred stock. the bonds and 25.3% as» 14.6% before deduct,- savings as to operation will involve substantial expenditures for redemption omniums in the retirement of the present bonds and pmerred stock as we'l as for the expenses incident to is-.uing the hew securities, and oth.pr items. However,, bamd on the company's income fcr its last fiscal year and a continuation of the present tax The refunding . Period End. Nov. 30— Gross revenue Operating expenses Prov. for " 1944—Month—1943 deprec. Provision for 1944—12 Mos.—1943 x._ __ - ■; $683,672 $652,991 $7,960,218 $7,154,456 425,922 365,555 4,383,957 3,766,175 59,767 ___. 43,446 605.783 527,568 and taxes laws of 93,108 124,990 .1,783.516 1/156,597 $104,875 54,959 $118,909 $1,204,1.17 52,835 $1,186,963 646,026 deductions—_ etc., $49 916 $66,074 $540,936 $551/56 14 286 171,438 652,280 Net Income Divs. on pfd. , stock 14,288 171.438 Balance —V. 161, p. 48. $35,630 $51,788 $369,498 •■ 1 3380,418 through the the fiscal of n^t/'cost the ending Aug. 31, l^l, the greater part refunding operation should he recovced hy year compahT through reduction of the company's '.liability %>r Federal income and excets profits taxes during the period from Sept. 1, 1944, the to Int.> inconVe lor estimated income and excess profits taxes, compared 47. 1,007,286 plan for refunding the following presently outstanding securities by the Issuance of the following new securities, and thus effect ; a savings in interest and dividend charges and increase the income applicable to the common stock: , 1941 1942 • Nov. 148,163 Southwestern Tublic Service Co.—^Refunding included approximately $800,000 representing back pay for prior months on account of $1,213,000 in November, 1944. ry. Net 1743. r.ew 150.901 20,794,099 74,754 ■I; railway—^ from from Net applied towards the retirement of all the company's presently outstanding 6%% preference shares. Net profits of the company, including refundable portion, of excess profits tax. for 11 months ended Nov. 29. 1944, amounted to $1,646,443, while, excluding refundable portion, such profits amounted to $1,191,243. Dividend requirements on the new issue 0TMV2% preferred will amount to $506,250 annually.—V. 161. p. 48. the 116,688 21/52.064 • While of 11,669 1,883,327 Southern Ry.—-Earnings— —V. Stock Offered—Offering made currently in the Canadian market of the new issue of $11,250,000 4V2% cumulative redeemable preferred shares by a large group of investment dealers headed by the Wood Gundy Corp., Ltd. Offering price is $98.50 per share and accrued dividend. Proceeds 10,407,320 11 744 at From Jon, 1— Ltd.—Preferred Simpsons, 96,174,213 100,301,003 1945, an Net to be taxed $49,771 debentures, p. to Trust—Earnings— depreciation of securities, $150,776; unrealized $1,039,492—-V. 12,909.427 •■ • Gross $8,138; accrued 6, jbh.UUJ 12,781,861 I 1,830.926 income sinking fund.—V. Gross Assets—Securities, at quoted.market prices. $1,003,689; cash, $35,034; interest receivable, $719; total, $1,029,492. debentures, 7,531,671 1,065,734 165 Brcadway, New York, N. Y., will until noon receive bids "for the sale to it of 1st ref. mtge; amount suff'e'ent to exhaust the sum of $12,463 in the 28, Net , 1943 with a 5,901,006 608,381 1,179,107 7,961,540 ...■ Company has developed the alter expenses, interest, etc. compare 224,374.103 695,166 ■< taxes company, Feb. bonds ' costing $1.154,465 had a market value on Nov. $960,000; 6,954,403 Southern Pacific RR. Co.—Tenders on accrued 1952, 193.511 542 564,951 taxes.— oper. ry. The 1488 Condensed senior 19,854.357 641,117 *Eefore provision for interest charges on outstanding debt, or other non-operating income items.—V. 161, p. 48. $60,931 —. "Income deficiency value 15,757.931 November- $48,997 172,770 1,763,401 "Net the preceding $61,419 securs— loss L- $1,063,689. 35,827,978 op. tax Miscellaneous partial offset a 1944 deficiency Gross fBal. to 42,864,0d3 ^ 52,342.101 576,654,603 548,197.793 32,437,744 383,143,051 321,873,685 ry. insur. retire, Federal 8,918,414 "",' Ehawmut Bank Investment 9 Mos. End. Nov. 30— amortization Deducfs. from income— 14.0 8,2o5 1944, taxable profits mately $157.o00 in taxab'.d years 1942 and - 211,320,715 68,890,805 1944—11 Mas.—1943 ; 1944—Month—1943 State, county & city tax from ' 162,881,210 132,021,012 53,t22,510 67,236,518 taxes. from rev. Federal 57,961,222 of approximately $730,000 in the aggre¬ "Regulated Investment Company."—V. a. 36,001,661 51,585,959 portfolio securities in the amount of approxi¬ 1944." 11, 139,059.288 Period End. Nov. 30— Net transactions of this nature during the period from Jan. 1, 1939, to Dec. 11, 1944. On Dec. 31, 1938, there was an excess • of $3,017,871 in the aggregate of realized losses on sales of .investments, profits distributions and other charges, over capital realized profits on the sales of investments. This deficit was elimi¬ nated by a charge against paid-in surplus, which action was approved bv the stockholders on April 3, R40. Had that action not been taken, the excess of realized losses on the'sales of investments, capital profits distributions and other charges, over realized profits from the sales of Investments would have, amounted to approximately $3,748,000 at % 453,527,140 425,057,087 331,362,497 income..n oper. Ra.lway oper. expenses. $5,622,455 1,133,483 610,679 27, • 1941 — of realized losses referred to in of $70,000 1942 , railway..;.—:, '•^, •* South Carolina Power Co.—Earnings— $ 9.77C.281 16,598 income oper. 10,397,680 *6,862,763 ry. 1944. $1,703,000. paragraph resulted ' 1943 Railway oper. revenues. 1941 approx the $554,382 Earnings of Transportation System— 1944—11 Mos.—1943 $ Total from Net is being 1944 railway from Gross of in $612,219 ' ,1944 railway frcm Net gate of realized losses on the sale of investments, capital profits dis¬ tributions, and other charges, over pi'ofits realized on the sale of investments. At the close of business on Dec. 11, 1944, there was net excess -J '' From Jan. 1— Gross Cost of the refi¬ I.i St. Louis-San Francisco Ry.— ''November- were 412,296 $33,590 railway.....' $40,127,309 $40,859,755 $35,298,498 $20,015,945 railway.——i. 10.578,018 14,184,152 14,797,501 3,773,385 oper. inconie_A : 2,112,632 3,479,495 7,656,168 v 1,336,361 ry. : close of business on Dec. 11, 1944, after including the capital profits distribution (15 cents per share paid on ' the first incurred Deo. to Carried forward and used as profits realized in Liabilities—Senior • 1 412.29S $116,302 lrom Net . the market $6,000,000 Bonds— Jan. 34,358 from said in part as follows: 27', $1,024,515 $67,948 ' rents (net)——_ Jt. facil. rents (net) Inc.—Earnings dated Dec, investments of which losses can be 1943, Dec. sales deductible of from period the on excess the shareholders, to 231,403 $9.6,678 " Equip, Selected American Shares, A 2548. p. Net 2547. p. 160, Gross to apply weeks.. few 98,642,466 .245,634 27,316,352 129,408,643 125,476.185 from 56,116 ,M4 5: railway—. _• 48,923,952 rv. opex*. income— 20,654,113 30,935,319 $1,193 037 259,633 Earnings of Company Only expedited/it is 3,884,376 2,955,484 ? — $1,284,149 34,358 .•'• Unemploy. railway $89,607 I;: 21,659 $150,660 Nnvember—1• > 1942 1,805,110 2.543,247 stock pid. on Date 1943 income.. 2,432,850 Southern Pacific Co.—Earnings— remaining $11,432,047 $11,324,845 $10,784,596 railwiya—. $6,000,000 issue of new bonds to redeem current outstanding first mortgage 5% the 1944—11 Mos.—1943 $54,110 be the to Year and 1944 ■ oper. Securities $117,398 To Issue A ,11944—Month—1943 ' ■ .•^-V. ■>??'/& November 219,605 19,503 income Dividends Balance From January 1— Net ciigs. taxes • •• - expected next may "that railway*^-—- from Net Loss St. Louis Public Service Co.—Earnings— Net v . : If "The Power Co.—Calls : . are the plan 7'53.456 132,193 income Gross . mately 4Va% . within the emphasized, committee —V. called been mortgage of consummation the unrealized appreciation on first decree foreclosure a that for redemption on Feb. 2, next*',$117,000 sinking fund bonds, due 1979, through opera¬ tion of the sinking fund, at 103 and interest. Payment will be made at the New York Trust Co., trustee, 100 Broadway, New York, N. Y. have There of : issues 739 435 Interest, etc., deductions out¬ standing securities be deposited promptly" with Chemical Bank & Trust Co., New York;: First National Bank, Chicago; Mercantile Trust Co., Baltimore; Girard Trust Co., Philadelphia; or Old Colonv Trust Co.,) Boston, appointed as depositaries by the committee.—V. 160, ,:"At Safe Harbor Water Power Corp.—Partial •« 63,741 ;L acceptance upon various bond / railway's courts .for "In followed said, 2,721,630 61,081 and Provision for taxes.'— Operative— Ry.—Plan -Declared committee company. important," to - tpe Trustees of the ... "During 2547. p. action, solvent $288,279 17,154 854 income—; oper. ry. f-V. $367,318 73,904 64,542 4,718,964 railway— railway... Net .-from Net 32,701 Line $7 229,431 3,089,397 $170,170 depreel . of the plan by holders of more than 66% % of Seaboard securities outstand¬ ing in the hands-of. the public which have been called for deposit under the plan. Deposit of the remaining securities, it was indicated, will accelerate termination of the long receivership, the return of the properties of the railway to private management from the court jurisdiction under which they have been operated since 1930, and the receipt by security holders of securities^ in a reorganized and This January 1— from Gross $426,201 55,596 9,345 — income oper. , $622,603 249,652 $7,545,'..90 272,954 $.33,389 ex jenses for Prov. t. Mos,—1943. 1944—12 1944—Mont.x—1543 — revenue Cperatlng making a further important step- toward consummation of the company's reorganization. I -V l%';.| 1941 $440,372 41,833 from Net .1942 Per od End. Nov. 30 - declared the Net I 2189. p. reorganization committee announced Jan. 3 that it plan of reorganization operative, thus The has —V. 1943 1944 160, aboVe. & Power Co. Air Seaboard Net Rutland RR.—Earnings- above.—V. Co. Power amort.zation Gross November— & Gross Gross From January 1— Gross Gas Southern Indiana Gas & Electric Co. -Earnings— Savannah-St. Augustine Gas Co.—Acquisition— p. $2,883,885 railway—— from Gross and will cease to bear interest on be made, American See Properties— An" from new 1946. bends due to special non-recurring tax will comprre a new series deductions resulting issued und-w ihe indenture, and thrrefcre. the issuance of bonds^does not require any action by stockholders, '. . pany's new 31. t^e refunding. The pr went bond com¬ the amendment of the company's charter h re^es-ary. 1o create the new i*sue of preferred stock. Under the lows of New Mexico, in which state company, is incorporated, the affirmative vote' However, an of two-thirds of the common stock will be required to charter amendment effective. : • Tlvis amendment will be submitted- to; stockholders -meeting which has been called for Jan. 9, 1945, at the same time as the annual meeting of stockholders,. : '"ik :y" " While it is not proposed to issue any. additional shares of common holders of the make with the refunding, the authorized shares of com¬ increased'so that suffcient shares, will be avail¬ to finance any major property acquisitions■ which • in connection stock stock mon issuance for able below the on stock common rebooted were t_ aCh . 25% the of judgment affect the the the regular quarterly rate. present - Statistical information fiscal . Normal , sold-.,— Kilowatt hours M.C.F. of Of ice 2,322,340 - ™.: ";v, ___ Water ™ Dining Progress round of each of the two fiscal first Serial notes __™_™_. A™.: Common stock Common stock equity Car:h equity,. U. (incl. ratio.™.".. eonlract securities the / securities)- Govt, S. Expansion—The of _ for Electric 30, Dec. on from v Net 7,906 5,934 23.4% Net was Net ry. in despite and progress difficulty the The of orders the plan dated Commission the approving July 1.942, 8, $2,073,945 $1,169,037 1,194,717 of subsidiaries operating in iary, 3, it sold its interest in its 1944. 894,041 23.764,203 21,775,026 17,979,566 12,041,594 7,654,293 10,130,128 9,127,405 4,726,141 3,770,775 4,918,820 6,503,665 ; 1943 1944 .. 1941? 1942 ♦34,889 railway—4,853,393 3,931,491 2,418,996 1,632,141 1,982,203 1,714,065 781,118 215,133 1,062,391 363,181 ♦166,463 Sterling Drug» Inc.—Transfer Effected—New Net from from 55.250 49,419 40,073 38,622 2,136,479 1,850,219 1,567,099 1,272.094 781,853 160, 828,699 377,112 income.. 519,596 2584. p. > Net ry. $378,733 90.224 $392,943 20,356 income." " 1,576 1— railway™ oper. • ry. ; / 1943 ' 5,180,605 Gulf As • result a and Gross from 251,633 1944, 5, ceased to be a Commission issued an the the Public Utility Holding Company order company is still required from under . ry. —V. railway 123,119,310 121,146,705 91,184,693 54,243,233 61,461,618 43,871,795 13,749,331 11,892,072 23,079,731 22,206,973 11,793,261 income... oper. 160. 2445. P. > . Co.—Listing of Additional Convertible Pre¬ Stock— York New . ~ Stock Exchange has " Louis A. Hoffman, President of Hilton-Davis since April, 1942, has been elected a Vice-President of Sterling Drug, Inc., according to Mr. Hill, who said the new Hilton-Davis Chemical Company Division would continue all policies of the company now dissolved, that the personnel would remain unchanged, and that plans had been completed for aggressive promotion of the chemicals and dyestuffs manufactured in 'the Cincinnati plant. ■?/ ;.:iv: !;- ; "Export possibilities in particular will be immediately broadened through facilities in other countries already established by Sterling of Sterling. shares ; Drug," The of shares of convertible obtaining additional preferred working Jacksonville and Texas is anticipated due it and to well continue will Total expenses.™,. as atabrine the anti¬ royalty-free license powder, under a oper. Net $8,536,092 1,217,396 6,611,464 5,893,280 $356,518 $358,801 $1,924,628 $2,167,088 revenues... oper. 178,668 * " •?•?• .' -ui■1 Operating income Non-operating Gross income™ The the required proceeds bond of trustee against, of realized subsidiaries as 2,945 16,743 $178,481 $1,000,060 171,357 174,822 857,619 886,973 $9,914 $3,659 $142,441 $354,979 its of additions net these at may securities its to have the .company's properties been option Consolidated or applied to Jthq Bids Statement, Years Ended Aug. 2548. p.' will N. be Y., received to up 12 at Room o'clock 7th A, Taxes other Provision 515,120 To<~q income__ -"income ""™_™_™____™„___";, than on income..™,..™" for retirement and amortization 1943 "' - 752,339 plant and equipment.."."..*."" for amortization of franchises™ income Gross • Total income Net Divs. income share 11/19 895,729 . .:. $3,170,937 385,547'"" 530,066 '$3,617,622- $3,701,004 1,704,914 - ________ 6V2% on pfd. cum. stock pe» Net income applicable to common stock 1,094,065 $2,606,938 382,271 386.945 $1,470,436 Balance Sheet, Aug. Assets—Fixed $2,443,785; U. assets',; $39,270,179; S. Govt securities $2,219,993 31, 1944 '* special deposits, $4,876,856; cash (at cost), $1,071,000; warrants re¬ ceivable, $2,435; interest receivable, $6,573; accounts receivable, $919,140; reserve for doubtful: accounts receivable, Cr$75,860; inventories, $*36,308; prepaid insurance, taxes and other expenses,. $96,694; de¬ ferred charges, $157,578; ^capital stock expense, $1C5,936; total $49- ' 31P/T2 Liabilities—e1"" war cumulative preferred stock' plant $14,373,861 and for on ($100 'par),$5,831,100; stock ($1 par), $644,720; premium on common stock, $658.630; long-term debt. $22,323,003; accounts payable,. $264,399" dutstanding ice coupons, $3,625; accrued interest, $326,316; accrued taxes,- 1 included to as $1,524,170 636,460 $1.20 for depreciation and amortization for the deductions in'the above profit and loss summary debt due within current one year, and accrued liabilities, $118,055; $237,417; preferred stock long-term dividends accrued, *" c!fl',1ar?,d) $31,585; consumers' deposits, $531,365; deferred credit,, $707,676; and reserve equipment, $26,425; reserve for retirement $7,264,983: for possible and reserve losses amortization for 011 of amortisation sales of property, of plant frnneb'"es, properties" and other Lives and Granting Annuities, corporate trustee, Sts., Philadelphia, Pa. • obtain immediately the full redemption price, plus interest to Jan. 27, 1945, upon presentation and surrender accrued said on Chestnut may bonds.—V. 161, 49. p. Toledo Peoria & Western RR.—Earnings— November— ". 1944 from Net ry. (less reserve Sept. 30, Gross from 227,382 121,776 187,14.3 182,495 158,458 41,586 4,393,584 2,874,002 2,614,414 from Net ry. —V; 2,507,156 1,192,053 2,173,113 869,307 railway...2.735,307 income.. oper. 160, p. 2,215,709 U,103,586 V384^8G ?' 244§. Union Pacific RR. (Excluding (and Leased Lines)—Earnings— offsetting accounts between the 1944—Month—1943 (j»- . companies) 1944—11 Mos,—,1943 $ $ oper. revenues 43,984,811 43,046,415 458,702,389 435,048,435 bonds, at cost, $242 500; accounts and notes receivable, for doubtful accounts, allowances and discounts of $563,- oper. expenses 25,537,776 30,586,600 288,235,209 271,881,790 fm; ry. oper. 13,447,035 12,459,815 170,467,180 163,166,645 13,990,361 8,930,170 124,310,459 113,260,213 1,364.043 1,057,825 11,951,689 12.019,585 3,092,631 2,421,820 34,205,032 37,886,847 1,705,418 2,247,595 15,068,829 15.954,908 4,798,049 4,669.415 49.273,861 53.841,795 1,313,696 1,135,159 13,216,921 12.925.525 3,484,353 3,534,256 36,056,940 40,916,230 12,000,000 6,700,000 103,000,000 92.200.090 inventories, $7,239,080; working fund advanced under (per contra). $1,000,000; investment and advances, $2,989,584; supplies and prepaid expenses, $589,275; plant and equip¬ ment (less reserves for depreciation and amortization of $9,663,907" $5,-795,042; patents, licenses and good-will, $1; total, $39,458,707. fee contract liabilities, $11,586,225: provision for Federal and other income taxes and for adustment and termination of war contracts (less U. S. Treasury notes, tax series, to be applied in payment thereof, $19,888,080), $1,988,406; liability for working fund advanced under contract-"(per contra), $1,000,000; reserve for post-war plant rehabilitation and for contingencies arising out of war conditions, $3,250 000; reserve for possible loss on patent payr.b'e and other litigation. $300,000; Net reserve for Refunding and Improvement Mortgage Net Stock Exchange has inc. portation Inc. for Total Fixtd opers. investments income & other income Net trans¬ from sources ... charges. from exc. 160, p. all ... •Includes Federal & <fc inc. taxes prof, 2445. Louis—Listing of 4% Bonds— listing, of $7.S6O.0fQ refunding and improvement mortgage 4% bonds, series C, .t-'1v 1, PG19. All nf said bonds have been issued and are out¬ standing in the hands of the public, though $360,550 of the bonds are now held by Central Hanover Bank & Trust Co., New York, and will York & jt. facil. rents (net) -V. Terminal Railroad Association of St. rev, ♦Taxes Equip. accrued product guarantee, $546,614; reserve for possib'e loss on repossessions, $26,180; capital*' stock (1,300 582 shares at $5), $6,502,910; capital surplus, $6,244,447; earned surp'us. $8,152,235; treasury stock (27.662 shares at $5 per. share), Dr$138,310; total, $39,458,707.—V. 160, p. 2008. New 188,083 Railway fixed The 216,320 4,810,893 railway.... 1944 $7,887,361; and $251,603 Railway in banks and on hand. $13,715,864; 299), claims 1941 $350,875 U. S. and Canadkxn Asscts—Cash Government Sheet, \ ,/ , 1942 $403,079 income.. oper. 1943 $441,965 Period End. Nov. 30— Balance common $1,256,577;' -other and $2,290,120. Consolidated ; From January 1— 750,000 capital stock.— 15. ; railway...... Net from railway™. con¬ •„ Jan. on Eonds— Insurances Holders Gross 12,099,691 rehabilitation ————• Liabilities—Accounts • — includ. prov. contracts, less Note—The total provisions period amounted 5^225 ™_____™—$1,852,703: accrd. of surplus Earn. 682,972 $3,232,075* _™™_™™™______™____™L™ deductions™.™ paid and termination post-war 171 600 4,868 :— income —__— income taxes, Broadway" New Time, the outstanding 1st mtge. 5% gold bonds, series A, due Feb. have been called for redemption on Jan. 27. 1945, at 104 and Payment will be made at the office of the Pennsylvania Company Net Balance ■ Other and other paid 977,398 ? — for Dividends of property, Operating income $14,021,037 352,824 . tingencies arising out of war conditions.— 393,381 ' Provision 4,031,468 165 War of 15th $18,052,505 —_______ (net) adustment for 3,148,705 ' .7" 487,349 _™„ 1944 floor, Eastern noon, 1979, for 30, $8,482,569 . _• on Sept. Months Ended before income taxes—______ Profit Provision " v- Operating revenues $9,639,769. Operating and general expenses...;™.™3,662.662 Federal taxes operations income Provision for Federal and ?\ 1944 • _ f) pcst-iyar refund of excess profits taxes Income * F-'nte tpV'-s Other retirement y 15,274 X Calls 5% All of Profit from "■■■■■ Maintenance Statement, profit on sales.. Administrative, sales and service expenses™—™—— deposited with the be withdrawn bonds. Income Gross either / $1,241,953 1945. int. (& Subs.)—Earnings— Stewart-Warner Corp. by sale and Thompson, F, the group properties in East Central that these properties will be disposed of in from —— is inviting bids, (a) for the purchase as a whole from $4,500,000 first mortage bonds series due 1975 and, (b) for the as a whole from it of $1,000,000 sinking fund debentures, 1955. The interest rates are to be specified in the bids. due 1, has 940,409 — $1,226,679 Tide Water Power Co.—Bids Requested— of York, said. Jr., and George W. Nieder, Vice-Presidents of Hilton-Davis, remain as Divisional Vice-Presidents of Sterling Drug. Carl W. Aneshanse, Treasurer, and Donald F. Walker, Secretary, be¬ come Divisional Treasurer and Secretary, respectively.—V. 160, p. 2548. the sale of the Arizona,«Arkansas and been applied to retire serial notes of com¬ the note indenture. The securities; of Gulf Public Service Co, were pledged under the • indenture securing this company's first mortgage and collateral trust bonds and accordingly pany ;> $983,317 Company it Hill ~ cash Florida 941,311 ■■■ $175,537 3,421 income 160, $8,060,367 $181,271 income ; —V. 183,265 i-j; 1 $177,851 ... Deductions Net 1944—5 Mos.—1943 $1,576,197 1,339,988 purchase . Marlin-Mexia course. funds $1,696,506 Taxes atabrlnej manufacture to li How¬ of dispose listing of (par and 1944— Month—1943 revenues... up gucuutai granted by Winthrop Chemical a-/' Co., a Sterling affiliate. Further expansion of Sterling ng'^f^i^taN^or research in and manufacture of made possible by the transfer, Mr. chemotherapeutic dl 'exempting 1935. the stock capital (Railway and bus operations) Total ...oper. • division as "" Period End. Nov. 30— declared. Hill Mr. new malarial, its horflfTflpJompony, order authorized 1,896 $10)" for the for plant expansion, making the total amount applied for 30,867 shares. / ? "•. Company has entered into an arrangement with Blyth & Co., Inc., New York, under which the company sold to Blyth & Co., Inc., the additional shares which were offered to the public by Blyth & Co., Inc., at $52.50 per share. Net proceeds to be realized by the company is $50 per share, or a total of $94,800,—V. 160, p. 2795. ;; additional purpose ' Hilton-Davis Chemical Company Division was announced by James Hill, Jr., President, in Cincinnati, Ohio,, on Jan. 2.'when the $3,000,000 transfer of the Ohio manufac¬ turers of chemicals and dyes to Sterling became effective, according to vote of the Hilton-Davis stockholders' meeting last Nov. 16. The transaction involved an exchange of stock on the basis of 3 V* shares of Hilton-Davis for one share of Sterling, or approximately 45,000 James Act of this ever. 1,617,600 970.703 railway: 54.452,629 from Net corporation's the of Formation " company 1941 $5,471,730 5,727,169 3,507,839 Third Avenue Transit Corp.—Earnings— v last and principal Co. Service of these sales D;c. on company Public 1942 5,664,294 1,679,508 r ... subsidiary, 464,604 314,748 . $11,458,374 $11,482,013 $10,544,574 income oper. From Jan. 1— 599,037 437,337 '" RR.—Earnings-r- 1944 railway railway™..™ Officials from 1941 $128,190 57.374 railway ♦Deficit.—V. The 73,789 from 1942 $139,856 74,007 ♦51,700 1— railway™™ Thermoid railway.™. oper. 1943 $163,194 *11,361 2,802,077 income— 2654. income— 988,573 ♦Deficit.—V. 160, p. 2444. 14, and Arizona 1944 $144,061 income" oper., Net 8,666 Net subsidiary during its first fiscal year ended Aug. 31. 1943. following fiscal year company disposed of its Florida ice subsid¬ and on Aug. ; 147,589 income— From January Arkansas In the 422,526 175,581 65,685 Net of four the ry. 384,640 railway from Gross , disposed from Net of a Sept. n railway from Gross "1941 698,719 from Net- ry. integration and simplification of the system wh'eh was consummated on Sept. 17, 1942 (effective as of Sept. 1, 1942) required the company to dispose of all of 'its subsid¬ iaries. and certain of Us properties. Pursuant to these orders com¬ pany Ry.—Earnings- $138,435 Net of and Ry.—Earnings— ' • railway 191,952 ' $255,097 113,493 Gross Holding Company Act on Dec. 1, 1935, when that Act became effective. During 1941 and 1942, various properties and subsidiaries of the system companies were disposed of pursuant to order oF the SEC. 1942, 379,957 268,461 $2,044,456 November—• Exemption from Holding Company Act—The predecessors of company Fegisteredi with the SEC as holding companies under the Public Utility < 292,871 798.353 p. 715,585 377,262 From January Gross ferred but reaching an agreement on price, with tax liability an important "actor, the management is still hopeful that continued negotiations will result In substantial acquisitions on a favorable basis. Company 13 now in a position to finance such acquisitions at a relatively low cost and jits credit should be further improved upon completion of the refunding program mentioned below.:' Expansion of its present system, through ' the acquisition of properties from non-affiliated interests, to replace properties disposed of, will continue to receive the attention of the management. * ' " ' still 743,206 ' Staten Island Rapid Transit Ry.—Earnings— 1943, year negotiations were initiated for the. purchase major properties. Some of these negotiations failed of 878,532 $2,192,635, oper. —V. ,160. com¬ " During the are 54,940 .1,502,053 railway.!— railway from 2,690.755 948,676 456,885 concession to recognized dealers of 75 cents lbu, p. 2'dzo. ry.,. oper. $500,000 Co. Water from Net 11,925 From Jan. 1— Net 3,663,649 766,054 a snare—v. a 21,887 railway.—™ railway 4,461.051 4,459,951 "1,062,599" 1,458,427 Gulf Sulphur Co.—Secondary Offering—Blyth Co., Inc., offered as a secondary distribution Dec. 27 block of 5,000 common shares (no par) at $35V2 per $78,396 1942 from 44,969 ," Texas from 1943 oper. ry. GroiiS $3,515,000 $3,264,000 approximately and railway....? railway-/"-"? Net 1944 from from 21.023 *3,207 67,708 oper. Texas & New Orleans November—.. Gross $244,197 10,9,358 >■' November— 5.831,000 9,615,000 25.5%,. 9,109,000 "21,004 1941 1942 $358,487 139,914 5,212 • income.— 391.431 ♦Deficit.—V. 160. p. 2444. "I! 2444. p. 1943 $450,083/? $320,379 •• - MV" Ry.—Earnings— income—! $194,425 117,732 '.-.747,711 Spokane Portland & Seattle table shows (in 1942' and as of 5,916,000^ income™ oper. ry. —V., 160, ■>.,? ; Central from Net railway™™™ solely for the acquisition of the remaining of the Bridge, and Tunnel. companies. 1944 1941 1942 1.813,860 1,933,907 615,119 v. 220,194 below: exchanged for shares of stocks in Railroad of St. Louis, under the Stocks railway oper. ry. Gross 18,741 > 23,315 " income used Texas Mexican "$141,019 19418 $208,681 85,746 railway™— from , others tAfter be Tunnel 1944 and $158,000 in 1943.. 1943 1944 railway-™— oper. ry. Net ' number & From January 1— of part $634,585 $1.94 to and railway:"."™ Net from . • railway from from Net Gross these properties were previously interconnected with company's electric system. , In April, 1344, the company acquired at a cost of approximately $57,000, electric, water and ice properties serving communities in Morton County, Kan. These communities were already interconnected with company's electric system. greater Net ,, immediately after which that company was liquidated and Southwestern thereby acquired all of its properties and assets, consisting- of electric and water properties in Oklahoma in territories adjoining those already served by the .company. The pleted in sale shares-of From Jan. 1— Net 1943. and $6,917 in 1944 $252,000 in of $23,373 post-war refund of p. 48. 161, Gross Net $1,710,000 acquire to Oklahoma of paid November— years: 6,000,000' 7,186,000 18.3% ;__™, such from from Net ry, !"' 1,423,000 $665,515 .$2.04 —— issued November— Net 250,000 , share. exchanged for shares of stocks described Co. 160, p. 2444-. November— Aug. 31, '43 Aug. 31, '44 $6,090,000 $5.171,C00 $2,528,000 stock interest deducting Sept. 1, '42 .Preferred of outstanding a —V. 74,213'/ . proceeds share, with t After ' * * 7,877 . Year—The following items as of Sept. 1, Fiscal following the figures i end L. . the - - 81,798-8,376 .™ for tion and amortization. 36,751 _ customers: of Numbers . common 227,000 : be offer, dated June 1, 1944, to the .stockholders of the Tunnel companies, Any balance of series C bonds not such exchange is to be sold on the open market and the an and deducting provision for renegotiation of war business and manufacturing charges including maintenance but exclusive of deprecia¬ 2,008,239 620,154' ■ of Gross V '2,270,000 Spokane International RR.—Earnings— water sold™_-"u_"A.™~U-'—738,887->-' Sold™..™ 42,497 Electric profit per 57R445 . ♦After 31: ?""' 1944 r 1943 , 514,0'i4,u59 43-3,641,209 " ____„_™™™™_ sold"A™_™;„ ™__2 gas M. gallons of Tons Not Earn, 641,443 230 000: and surtax""'"'""":":. tax".-"^"""."-""contingencies—i""" for 3 557 . » ■ war income Pro vision , ::? of iEx.cess profits' ended Aug, years $2,859,587 plant facilities™,_______ Provision for Federal taxes ttn income (est.)- Report for Fiscal Year Ended Aug. 31, 1944— Annual terms required —V. time bonds were C Louis Bridge Bridge, $2,775,490 Cr84,097 plants"""""^"""""" Expense of idle- the new restriction should not continue the payment of dividends to 4 —if,-'-"—.244, $3,986,664 and other income. 70,294 income Amortization management, ability company's Series Tennessee $4,056,958 — time to from the St. Gross this restriction, in view c-f the fact that "the board by re solution Undertaken that the supplemental indenture providing for the issuance of the new bonds will contain a covenant to the effect that the company will no" pay' common Stock dividends except out of the sum of (1) undistributed earned surplus accumulated subsequent to Nov. 30, 1944, and' 42) earned surplus accumulated prior thereto to the extent of $1,01/0,009., It the board of directors so advises the stockholders, the proposed charter amendment will contain a similar dividend restriction. In nil 149,808 553,623 149,979 Total emption rescinded of directors has -the $3,479,093 Operating profit «/ mnuum without reducing the ratio of the commoh stock equity of the company's total capitalization. The order of ex¬ paid be , 635,552 from t Discount on purchases, int. . could ", operations™,. ;_™_™_™ and general expenses..—__ 1943 $4,772,024 is -estimated that the dividends at Three Months Ended Nov. 30t— 1944 Depreciation of plant and equipment™. the company in the future, •?' refunding operatioir w'ill result'in Substantial savings' to the company and consequent benefit to the common stock¬ holders. In addition to these savings, the refunding program should improve the company's financial position and credit and: will also increase the common stock equity ratio. / : "?,'? Frior to issuance by the SEC on Dec. 5, 1944, of its order exempting the company from the PublicUtility Holding Company Act of 1935, it, Spiccr Manufacturing Corp. (& Subs.)—Earnings♦Profit be made by may $5,829,964; 654. capital surplus, 622.—V. 160, p. Administrative be to are contributions in aid of construction, $163,957; earned surplus, $2,481,846; total, $49,310," ?""""'■" $608,900; contingencies, 147 FINANCIAL CHRONICLE THE COMMERCIAL & Number 4349 161 Volume authorized' the Transcontinental Western & Air, Inc.—Interchange Agreement— See Chicago & Southern Air Lines, Inc., above.- Changes in Personnel of TACA Airways, S. A.— Lowell Yerex, President of TACA Airways, S. A., on Jan. 3 an- nounced and prepare the company management ' John of 42,520 shares (par 84,252,0001, Philadelphia Baltimore & Washington RR. sisting has been of TWA, S. A. Lockhart, former Secretary-Treasurer Vice-President of TACA Airways, M. elected Executive Vice-President-Transportation was elected Don R. Eldridge, formerly Operations Staff Superintendent of TWA. Mr. Yerex also announced the promotion of Erie M. Constable, for¬ mer Assistant Treasurer, to the position of Treasurer.—V. 160, p. 2445. the To of position new and the fill died occasioned by the death of Sydney Towell. 'who Mr. Henderson has been active in the linaucial the corporation since 1926. Jenkins, Secretary of the corporation, has been elected a fill the vacancy on the hoard.—V. 160, p. 2584. . affairs of A. Felix director to 1944. 9. Vice-Presidents— Securities Corp.—New Asst. Union Net Reservation stock of Co. above tne ot York, held a New company, as * * • ' November— Net ry. F From January Net railway——— from Net rv. —V. income oper. 160, p. 2446. . $87,495 1,226,703 296,885 155,571 817,557 134,552 58,146 1,289,022 280,422 127,826 1,203,653 213,130 124,734 ' F per share—,- 200,000 shares of "Earnings Co., madejat "On facil. $553,614 $6,013,677 Cr459,576 Brl63,508 Net ry. $602,252 $587,323 $6,309,745 Net 16,869 318,710 Gross $634,716 $604,192 $6,628,455 .268,365 2,972,318 3,015,215 $364,525 $335,827 $3,656,137 $4,481,098 ; ry,. . 27,036,248 11,300.133 income... 2584. 6,571,110 6,853,210 **'■ defense 13.807,599 7,799,946 Net "ry. income.. oper. F From January 1— ; / 2^et $7,998,037 $7,533,031 160, 3,323,413 3,404,315 901,774 1,410,346 1,479,191 887,728 87,549,507 71,631,364 Net 37,393,974 Net 8,267.600 10,778,172 The "' '•fi2;Months Operating Operation of - - conditions war __ .. '1 revenues—FF————- hNejt(: operating; 189,875 837,870 Vice-President 8G2.910 of A. $2,331,773 $2,256,207 Drl9,192 20.472 $2,237,015 income and $2,352,245 926,101 — _ 926,748 deductions.—-.^——: other Mormon Dividends $1,310,914 preferred on stock _ 423,463 . C. ■ Hagerty, C. .{ 160, $1,002,029 $840,899 Ealance 2584. p. - . • . "F F F- . - years Sidney M. Can J. Co.; . F • York Corporation; Credit Treasurer the E. are G. Robert E. and Bank rfe guaranteed by endorsement by the Philadelphia, Baltimore & Washington RH. and the Baltimore & Ohio mu " v • : ' ^Associated with Dillon, Read & Co. in the underwrit¬ ■ Co.;"Hemphill, • - : ' ing ♦ syndicate are: Goldman, Sachs & Noyes & Co. and W. C. La$gley & Co. Assets F Foundation James of New U. issue' awarded was cn a,, bid of Six 100.81. other bids were First Boston'.Corp. bid 100.2297 for 25/8s; and Central, Republic Co. bid- 100.03$ for a similar coupon; , An investmAft banking group led jointly' "by Harriman Ripley & Co. and Alex. &&&& 'tot. lho . issue. Erewn & If) 1.444 Sons for a bid 102.05 similar for coupon, and Kuhn, Locb Halsey-Stuart & Co., & Co. bid Inc., 101.07, FFFF'FF'vFfFfF ;:';;F-- "FF FF-F; :++§•) Tor 23-4S. : ■: BDatVd 23-»% "coupon. a bonds in $1,000 defully registered bonds in dgmnrunations of $1,000. $5,000, or any multiple of $5,000; coupon and metered bends interchangeable. • Interest payable Feb. 1 and Aug. 1. Redeemable at option of company, as a whole, or in part other than for sinking fund purposes in amounts not less than $500,000, principal - Feb. bmHnation. 1. 1945; due Feb,. 1. registerable as Coupon 1970. to principal, and interest date thereafter to and including Feb, thereof between the redemption date and Aug.. 1, 1969, or on Aug. 1, at principal amount, in each case with accrued interest to the redemption date. A sinking fund of $440,000 per annum will be pro¬ to the purchase or redemption of series A bonds.: Bends'will be redeemable for the sinking fund upon 45 days' previoushp tici- 6n Feb. 1. 1946. and on anv Feb; 1 thereafter to and including ;" Feb:.}'It 1950, at 102 Mi % "or, the initial public-offering price, whichever higher, and on any Feb. 1 thereafter at.'principal amount plus- a- to-.the payment at-maturity of' the first mortgage gold bonds of the Terminal Co., due Feb. 1, 1945. Pw-nase—Proceeds "'ill-be applied for $3,684,229 in fFFF;F:F 3,556.351 15,547,057 12.806,522 15,169)584 ...—2.957,064 7,647.799 7.472,430 971,107 7,573.760 ^ ' — —— 755,636 702,791 756,451 1.896,000 h 359,643 F' 32 245 re,c^ivablft r.nd investment--—16,693 41,751 Sundry lease, to war industry ---A. Total $72,513,338 $66,010,761 — Liabilities— Accounts for Federal $8,734,174 3.503 335 deposits, sundry payables, etc claims officer for guarantee and $7,982,788 3.503 256 30,569,571 1,439.612 27,348 312 income taxes—— for workmen's compensation Reserve F ' payable, trade..——— payroll, taxes, etc. — —— Liability Due % of, excess profits tax, 23.616,121 3,647 852 29,826 ■ ' —. 296,701 5,779,534 439,518 policy adjustments. F by U. S. and Canad. Govts, on contr. 100.000 war-time and other contingencies—.; 10,386,442 6.363 407 Reserve for 6%, for cumul. conv. Common stcck preferred stock $!)——%. 1,955,760 2,184 238 9,444.932 4,344,522 1.271.300 treasury.—Dr64,975 . preferred shares held of — 10 595 666 Capital surplus Operating-surplus Cost ——, 2 372,839 (par $10) (par in ' FFFFFFF-'FF'V> 7,111.022 16,651,078 —— etc.—4,412,401 Long-term note Irefceivable (includ. interestt379,389 Deposit in Canadi+th) bank—% 23,914 Prst-war credit Customers* company $9,785,262 2.889.221 equipment and charges ,+P+v— +Real estate, etc.,r i^i)der Accrued Corp.—Suit to Bar Stock Transfer 1943 $18,910,294 98.632 • ———u — plant 1944 1 contr.j war securities Deferred and to asked was restrain securities by Guaranty Trust Co., distribution Such was new Western /Total Guaranty. in tile $2,795,616 is returnable 1944 1944. the action is the claim of the stockholders that The from other companies James • claim collateral. The seek of the collateral to return stockholders such November— from Net from Net ry. 1944 % 1942 1943 food $423,974 216,656 51,242 106,450 railway.—.. 5,128 806 4,892,030 3,932,615 ' railway—— 1,859,598 2,097,219 1,731,396 488,895 613,125 867,595 297.426 , from Net' from Net ry. oper, —V, 160. p. income— 2796. . & Lovett 115 stores, in food 159, 2570. p. - ,. . % 62 •• '•. -F F'/FV .•/■■ > . ;F'■'/ Corp.—Petition Denied— : Circuit'Court of Appeals at Phila¬ opinion denying the; petition of dissent-; ing preferred stockholders of the corporation^};^j-qyoke consummation of its recapitalization plan which resulted Jn^formqtfen of York Corp. The petition was made by Charles HottfemifceltU owner of 50 shares Ice Machinery York & Yazoo From Jan. 1— Gross class.—V. store • ■ an Corp. Schmoyer and Andrew Fckety. F. ' 586,357 r ■ of 2,230,050 _ ' ;v ,■ Winn give Judge John Biggs, Jr., of the U. S. 35,129 income-. acquisitions, will delphia has handed down $226.54+ 65,515 33,972 oper. Grocery York Ice Machinery 1941 $464,889 $442,047 all of the outstanding stock of the Co., Inc., of Mlam', Fla,; and the stock which operated the Table Supply Fbod acquired has .Who'eeale corporations Stores in Florida." •' ■F were illegal and company.—V. 160, p. 27116. ,^>418,32:). F ,174,216 railway railway—— reserve . Western Ry. of Alabama—EarningsGross tAfter five affiliated of These transactions the holding for depreciation 1943. cities, covering all the main centers of Florida, except Pensacola, and five cHies of South Gcorg'a. Of these ..stores, 65 . are in the super rail securities .as against the in comnany Economy the holding company was dominated by the late Mr. James and a group of' his companies which held 40% of the stock. They charge that the James interests dictated purchase by the holding company of certain securities of the railroad and the borrowing of money by the holding company . Winn & Love11 Grocery, Co.—-Expansion-— F F Trust Cb;< to-deliver to the holding .-company all securities road due in exchange for securities of the /old F ■ • . ■ for reserve FFF »F" delivered by the James interests. basis The .amounting-to $3 092 876 in 1944 and of $4,214 in 1943 and $10 882 in + After reserves for deprecation on revaluation of $178,508 -in and $179,455 in 1943.—V. 160, p. 2585. "After reorganized company $72 513,338 $66,010,761 — to the James Dec. 28.' In' and H. May i In addition to seeking restraint of distribution of the new securities, F'the stockholders ask that the James estate pay over to the holding company $12,181,129 and interest," as well as interest, dividends, profits and ether income from certain collateral security. The suit also asks cumulative preferred stock and Carl- who each own 20j>hares,—V. 161; p. 51. •' ; F\:»%q'F KhV ;l ■ Mississippi Valley ,. RR^Eaftti'rtgs 1943 — 1944 $2,404,085 $2,907,672 $3,284,856 railway---— oper. income— 473,750 214,147 1,030,925 226,613, 1,497,869 832,73a 1,026,281 599,486 from Net from Net ry. , 1942 1941 railway—— November— Gross 7% $2,012,146 „ From January 1— premium equal to '/»% for each year between the redemption date and. Feb. J. 1.970, in each- case with accrued -interest to the redemption date. United States Triist Co. of New-York,' trustee. IF-, y and Sept. 3<) ■ assets current "Property, 1 ... vided, .vto be applied is '■ " deposits——-.-—— receivable Provision distribution of the exchange agent, scheduled to be made; .'•i'ihe court action, taken in the name of Henry Behlert DeMert, stockholders of the holding company, an answer, In 20 days. FF' F' :FF"F':v FF; F;F :'A.■■FF F;; 'F,'■•'.:F'- '■ court The Pacific interests. at 1969. 809,258 . $1,530,000'and credit. ' 1051;, w on'any interest date thereafter to and including Feb. 1, 1969, at irhvunal amount plus a premium equal to V4%- for each year or part 1,. 1950, demand S; Government Other #popnt. at any one time, upon 45 davs' notice, on Feb. 1, 1946, cr on any ' Inventories % President former Pacific Railroad Corp., holding York. 1.265,399 F to 1943 in Sheets, Balance • Accounts sought Dec. RR., —„ debt retirement and after post-war SAfter deducting post-war credit of for of $1,835,000, (restricted to expenditures on 28 in U. S. District Court at New York'to restrain transfer of a large share of control of the reorgan-. ized Western Pacific to the estate of Arthur Curtiss James (md the Pacific F and amortization. $335,000 of $1,804,588 1944. in and ■ The credit (estimated) Advances Western $2,312,337 Cash Buckland, Presidenf of Coulson, attorney; Harry f Western —^ 2,239,593 amounted surtax Cash of the Metropolitan Life Insurance Co., Reconstruction Finance Corporation. Western Pacific RR. and F Farmers Stockholders of 12.385 , , 3,010,901 3,895,506 — normal for [pro¬ ' New . v j>w, wholesale coffee firm, and now an official of Board, and, J.) W.;.Mailliard Jgr.,, P.residqpt{ of, from 31,904 F % "6,819,000 4,408,772 4,488,184 , Consolidated Ehrman,< trustees Folger, A. and reorganization in •. 39,206 and four months . \piting syndicate headed by Dillon, Read & Co. on Jan. 4 offered to the public $11,000,000 first mortgage, series A, %%%/bonds at 101.38. Issuance of the bonds is subject to0Authorization by the Interstate Commerce Commiss/gr^." Principal, interest, and sinking fund payments are bp nine and 61,326 $2,417,704. Trust Co; has been appointed co-registrar 318,502 shares of the preferred stock, series A, $100 par value, 743,412 shares of common stock,' without par value. for ' V//, ' F'F F Washington Terminal Co.—Bonds Offered—An under: 11 to serve on a board of the company on Jan. 1. of for 918.937 >97 295 profits taxes to $5,289,000 after a $61,000 post-war credit direction operated Schumacher 10,522.000 166,104 $22,450,000 +20.015,000 for depreciation 1942 'importer.FF'F:I'^FlF F"FF.- "VrF Jr., first counselor in the First Presidency oi' the F. a new, .director'from Salt Lake. City. F -F'': ;F Wright of City profit tAfter elected Co-Registrar— The —V. Clark, Railroad the Co., Church, is $1,425,497 470,015 —-— over been American of directors Frank T' Net income been .72,999 27,606.947 133.068 ex¬ contingencies— tlncludes living in San Francisco are Wakefield Baker. Presi¬ Hamilton, wholesale hardware firm; Edward H. Bell, & Reuben New 'vGtoss 4,242,210 Production Schmieden, War J. - & Folger & Maiiliard income----—^_ Interest Baker of J. the 766.435 % 672,000 9,675,363 have M. T. directors dent 857,915 Pro^for Fed. income and excess profits taxes 10,829,597 by Federal Judge A. F. St. Sure, under emergency bankruptcy laws.. 923,720 ■ 6,966,277 7,735,742 take had of 118,663 —— — — 21,705,062 14,935,450 ;;;;FF;;FF'.' j: -;F FfFF'FFF-;.FF.FFFi rectors. Other — : Depreciation Geufci'Al taxes • because .... - 784,735 — deferred charges 7,888,411 972,323 '— : — _ operating for Prov, 8,267,058 34,574.577 21,407,922 F, Charles Elsey, President, and E. W. Mason, Vice-President and Gen¬ eral Manager of the railroad, are members of the new board of di- $14,067,836 $13,662,059 — ~ A—__——— ——_ Maintenance 1913 1944 Ended Nov. 30— revenues ceedings Net excess New Directors— will company appointed (& Subs.)—Earnings- Washington Gas Light Co. 45,727.799 18,881,564 directors control under ■ 48,193,503 income.. that members - , 426,309 and war-time for "Provision railway- 349,974 815,231 767,964 771,127 1 railway- new 1.996,574 1,377,238 1,769,396 10,172,026 439,785 128.116 other $2,332,437 845,938 27,167,163 deductions-, income profits taxes Prov. 1941 $3,885,781 $4,646,686 2,181,819 income.. oper. Nine 9,052,292 2446. ry. 19^2 1943 $4,961,522 railway,: F Elects Nine 16.443,824" income— 28,717,329 8,799,971 from 'F 1944 1,820.008 31.023,133 income other cess 19,115,499 30,451,868 proiit_ lnr.ema Interest Earnings— F. railway oper. from Gross 52,303,767 p. 938,073 937,648 6.583.788 ,:V 21,781.445 571,265 operating Misc. * From January $4,657,395 87,084,799 33,482,489 oper. ry. ry. 1941 railway——_ Net; tfrom —V. F 1942 . dross'from railway.— F 85,280 84,997 F. F.'-S ' FFF:F/"FF +6,471.382 tB,715,541 and service 1941., 1942 167,755.815 103.273 626 134,117,270 92,386,059 175,422,832 expenses Total 2447. from from Net $8,069,319 3,062,457 734,301 railway—— NeFjfrom projects p. November— Net 1943 Net Other of Western Pacific RR, Gross 1944 railway Gjqdss: from 160. amort, parts F -F:'VF ^ 212,458.489 sell., Adm., F',v Subsidiaries) • sales. of Federal Wabash RR.—Earnings— November— acct. "Incl. FF"FFFff:F:F' ■ __ • . sales Cost 25,201,413 24,427,454 12,186,073 ! 6,799,810 11,328,823 p. income —V. railway—— oper. —V',160, Net Fy:F;,F..;- railway——. from Net ' ' 24,660,102 from Gross Net $2,103,598 1,023,910 1,006,959 611,440 .' 585,916 $2,360,131 593,326 sNetfjry. oper. income— 1941 $2,304,704 1,205,009 804,649 194.2 1943 , 1944 $2,456,616 909,235 — From Jan. 1— Net v-VF'.'" 1943 1944 Sept. 30— - (Including Account Income Years End. $7,496,313 270,191 income >■ , Redemption of all preferred stock was completed during the fiscal either by call or by conversion to equivalent value In common stock, of which 2.372,342 shares were outstanding on Sept. 30. 1944. The war-famous "Jeep," of which 107,347 were turned out at the Willys-Overland plants in Toledo during the fiscal year, and of which nearly 300,000 have now been manufactured there, is currently sched¬ uled for production through 1945, it is" announced. year, 274,305 Fixed charges ——: F ■■■..- :• railway from position last year. „ railway.-— from $7,111,022, a combined $7,222,008 32,464 income—F oper. Other income position to $18,totalled total exceeding by $12,679,704 the corresponding F 2>rl68,447 ' November— S '.v-r•• $586,240 the year. report discloses a substantial Improvement in the cash Willys-Overland. Cash on hand Sept. 30, 1944, amounted ,0.294. and U. S. Government securities held by the company Cr375,803 Drl5,293 $3,010,901 The $7,014,652 Cr49,002 Drl4,091 (net)— increase, an of earnings of F 1944—11 Mcs.—1943 $35,^50^45 $31,798,448 r?4#32,968 19,-445,796 336,000 $,804,000 5.338.000 Cr49,103 rents.— rents showed al&> with This was equal to $1.64, per share of common added during Nov. 7, '43 Oct. 31. '42 Virginian Ry.—Earnings— Gross amounting to $3,895,507 as for the preceding 12-montlx stock as against a rate of $1.32 per common share for the fiscal year 1943. Net income is after all charges, including provision for an estimated $22,450,000 for Federal income taxes, but without completion of gov¬ ernment contract renegotiations for the fiscal years 1943 and 1944. Completion of these negotiations for the fiscal year 1942 resulted in a net cost to the company of $258,588 for that year. Reserves for war-time and other contingencies amounting to $4,488,184, also after estimated provision for Federal income taxes, were $2,62U188 1,731,574 300.000 rate earnings period. Redemp- $567,240 Operating income end . cost-plus-fixed-fee contracts, over the fiscal year of 1943. last September the company was producing goods at approximately 30% higher than at the same time a on of 27% ago. Net 1944—Month—1943 Taxes - \ of annual compared 59 $2,900,488 2,033,248 the year called for redemption on Feb. 1, next, 1,163 shares Period End. Nov. 30— Jt. Nov. 5, '44 taxes Corp.- -Partial Products Report— Motors, Inc.—Annual $212,458,489, an increase an ' — $712,435 $493,901 $2.93 '$3.56 $2.47 capital stock (no par).—V. 160, p. 1336. charges after earnings Net i " & 3,700,922 f;ff 2447. p. At Wall St., New York, N. Y. ' Immediate payment bo any time, with accrued -dividendsFeb. 1, 1945, presentation and suirender of the.called stock.-A^ 160, p. 1121. & Equipment 44 Weeks Endeo— totalled 2796. p. Ooerating revenues "Operating expenses...-" Veeder-Root, Inc.—Earnings— • 160, 2,991,489 figure of the previous fiscal year. Recorded sales, including fees [FFFFaF'F''Ft ! F-F F FFFFFF FFFFFFFFtrFFF FW-FFF' FFFFFF'FI Western Maryland Ry.—November Earnings— 16,454 2,641 ■ • < 7,169,118 3,129,378 8,266,994 income.. 38-year famous 30, 1944. Ward M. Canaday, Chairman, and Charles E. Sorenson, President, amounted to approximately $236,700,000, an increase of 32% over the corresponding its'.outstanding $4.50 cumulative preferred stock:At $100 per share dividends. ' Payment will be made at the office of/Brown Brothers upon $115,456 : 29,969 ' 10,143 1— railway—— from Gross railway.,., railway...: oper. ry. in its annual report for the 12 months ended Sept. Deliveries of war products, stated the report, signed by and 1941 1942 1943 1944 » from 19,512,855 8,738,819 263,466 24,362,065 9,798,159 3,551,555 "Jeep," sidd tracks, located on Govern¬ called "Garfield Park"), con¬ • The company has of V.: will $99,187 F $117,239 railway :F.FFF 12,809 23,858 oper. income— 11,226 8,563 Net (sometimes Chlorine Westvaco •' railway-'—F' Gross from 160, tion— Harriman Utah Iiy.—Earnings— certain owns 17 No. Co.—V. Terminal , 2117. 22,166,719 227,288 23,112,281 largest volume of sales and deliveries in the company's history was announced Dec. 29 by the company, maker of the of the Terminal Co. constitute the only railroad passenger terminal serving the City ox Washington and provide con¬ nections for through passenger service between the various lines of railroad entering that city. These lines of railroad are the Baltimore & Ohio RR.. Pennsylvania RR., Southern Ry., Chesapeake & Ohio RR., and Richmond. Fredericksburg & Potomac RR., ail tenants of the • p. $1,788,923 588,849 281,443 income.. Willys-Overland Capitol. prpoerties The four directors: the following elected and 27 RR., States trustee, scle owner of stockholders' meeting on Thomas W. Bowers, Guy E. Reed, Ralph S. Harris and Kenneth H. Rockey. F'F These directors, • in addition to Joseph G. Alther, already a director, will comprise the reconstituted Universal board. This action was taken in accordance with the provisions of the trust agreement entered into under date of Oct. 26...1944, between the former owners of Uni¬ versal securities and the Guaranty Trust Co. of New York, as trustee. At a -directors' meeting of the Universal company, also held Dec. 27, Mr. Bowers was elected Chairman of the board. Mr. Alther remains as the operating Vice-President of the company.—'V. ■ 160, . Trust Guaranty The the 771,331 853,586 270,811 The a ington Dec. from —v. siding turnout of the Philadelphia Baltimore & Wash¬ serving the heat, light and power plant of the United necting with Co.—Directorate— Products Oil Universal also Terminal Co. The ment Jones and 873. corporation announces the election of Norman W. Sandbach as Assistant Vice-Presidents.—V. 160, p. The James A. Net D. C., including the passenger Station" and the railroad and track system extending from Florida Avenue (connecting with the Philadelphia Baltimore & Washington RR and Baltimore & Ohio RR.) in a southerly direction to the said passenger station, thence via the Terminal Co.'s tunnel to a connection with the Philadelphia Baltimore & Washington RR. at the south portal of said tunnel, a distance of 1.65 miles from said connection at Florida Avenue. The total miles of trackage owned by the Terminal Co. is about 19 miles. vacancy Dec. on Terminal $2,006,219 533,2.93 January 1— from Gross $1,795,107 railway oper. ry. From 1941 1.942 $2,070,125 railway—_ properties elected a director and Treasurer Henderson on Dec. 28 was Donald A. to Net in the City of Washington, terminal building known as the "Union Film Corp.—New Treasurer Century-Fox an from Net Co. was incorporated pursuant to an Act 12, 1901, and under the authority of said Act of Feb. 28, 1903, owns extensive station and terminal Congress from 1943 ' 1944 November— Gross approved Feb. Company—The of Act Twentieth Wheeling & Lake Erie Ry.—Earnings— stock of the company, con¬ is owned one-half each by and Baltimore & Ohio RR. The entire capital stock of Philadelphia Baltimore & Washington RR. is owned by Pennsylvania RR., and its railroad and property are leased to arid operated by that company under a lease dated Dec. 13, 1917. for a term of 99.9 years from Jan. l,- 1918. Stock—The outstanding "capital Capital designed to strengthen for its post-war opera- several new. positions of creation the TACA's lions. 1945 Monday, January 8, THE COMMERCIAL & FINANCIAL CHRONICLE 143 Gross (J. G.) White & Co., Inc.—New Director—.. elected a director;, He has been for in charge of the trading department.—V. 159, p, .2125, Gerald H. May years has been Net some ■ tNet —V. 33,722.580 12,906,641 railway— 32,861,149 railway—12,212,021 from from ry.' oper. 160, p. income.^ 2565. 4,493,534 - • 5,184,528 31,975,705- 18,075,818 15,786,046 6,479;153 4,150,360' 12,135,155- THE COMMERCIAL Number 4349 161 Volume State and 149 FINANCIAL CHRONICLE & City Bepasftnieni BOND PROPOSALS AND NEGOTIATIONS ALABAMA . x>: vA'"';*.*.• cease -.K-Vr1, ■ Alabama Polytechnic •'i'-v.vV-• Vt':. Institute (P. O. Auburn), Ala. Redemption Notice—It is Bond announced President L. N. of the Board Duncan, of Trus¬ by Jan. provided funds for their payment are on deposit with the paying agent at that time. CALIFORNIA of the 1946 years Idaho Bonds Voted—At as W. Burnt District Secretary, that $650,000 refunding revenue bonds approved by the voters last June, were purchased at private sale. and accordingly on 1945, there will become due and payable upon each of said bonds, upon its presentation and of of office the at posed issue of $10,000,000 Auburn, Ala., principal office of the Hanover Bank & Trust technic Institute, in the at or Central in New York, the principal and accrued interest Co., thereof June 1, 1945, together redemption premium com¬ thereon to with a District, Santa Clara County (P. San Jose), Calif. Bonds Voted—At an election Nov. the 21 by the 1st Coupons for interest due on June 1, 1945, may be attached to the bonds for pay¬ if detached from the the holders thereof, may or, presented for payment in the usual course. Payment of any bond registered as to principal will be made only to the regis¬ be Offering Note No owner. interest payable on 1st be or accrue after- the bonds said Corbin, First Selectman, will re¬ ceive sealed bids until 10:30 A.M. Jan. 9 for the purchase on count of at dis¬ $150,000 tax anticipation notes, dated Jan.' 11, 1945, and payable May 15, 1945, in New York City. • : the 'V ing claims and credits any of of Debt Interest day Available an issue of of holders All and/or coupons of the be¬ low-described issues of the City of Coral Gables, Fla., are (P. O. Mobile), " Ala. 'ZZ;/Z>/./a; Bond Sale—An issue of $250,000 Mobile County that funds are accrued and denoms. 15, 1954. their of interest bond on Nov. 15 follows: $309,000 in 1946 to 1952, incl., and $305,000 in 1953; or on as any subsequent interest payment dates. McLeam County Plans Blooming- (P. O. ton), III. • Election Bond The — county contemplates taking a vote at the June election 011 a proposal issue $1,800,000 ment bonds. to road improve¬ ,0WAp/?|i;^ in • t" been; purchased has bonds refunding building public 2%% by Shropshire & Co. of Mobile. Dated Nov. 1, 1944. Denom. $1,000. Due serially on Nov. 1 from 1946 to 1969, incl.' Principal and interest (M-N) payable at the National City Bank of New York City. Le¬ approved by Chap¬ gality to be man & Cutler of Chicago. ' ; the below-named banks for the payment of all bonds and interest due coupons on before or .. Jan. V, 1, 1945: At the Chemical Bank and Trust Co. in the City of New manent York: Per¬ improvement 5Vz% bonds, dated Dec. 1, 1925; permanent im¬ bonds, 51/2% April 1, 1926. provement Chase National Bank in At the the dated City of New York: Improve¬ July 1* 1926; municipal improvement 6% "Creighton School District No. 14 bonds, dated Jan. 1, 1927; refund¬ (P. O. Phoenix), Ariz. /. ing 6% bonds, dated June 1, 1928; Bond Sale—The $45,000 cou¬ refunding 6% bonds, dated June pon semi-annual school bonds of¬ 15, 1928; refunding 6% bonds, fered for sale on Dec; 29, v. 160, dated Jan. 1, 1930; refunding 6% p. 2587, were awarded jointly to bonds, dated July 1, 1930. Kirby L. Vidrine & Co., of Phoe¬ Payment of bond principal, in¬ nix, and the Bank/of Douglas, terest on bond principal from ma¬ Douglas, Ariz., at 100.00, a net turity to Jan. 1, 1945, or interest interest cost of about 1.30%, ,on coupons may be secured by sur¬ the bonds divided as follows: $15,- render of the bonds or coupons 000 as 2s,'due $5,000 on Dec; 15 in at the proper bank. , I ARIZONA /; 1945 to ment1 .6% : 1947; the following $15,- IV2S, due $5,000 on Dec. 15 to 1950, the remaining 000 us in 1948 $15,000 as Is, due $5,000 on Dec. in- 1951 15 1953. to -/Second best bid was an offer by Refsnes, .Ely, Beck & Co., of 100.01 for $10,000 as 2s, and $35,000 as IMjs. ARKANSAS Batesville, Ark. Bond Issue Details—The $20,000 improvement bonds au¬ thorized at the Dec. 13 election— airport 160, p. 2797—will mature on Jan. 1, as follows: $1,000 in 1948 and 1949; $1,500 from ,1950 to 1957, St. incl., and $2,000 incl. p. " • DM District, Ark. district Call—This approved amendment to the refund¬ contract with respect to in¬ rates on $2,000,000 of the of bonded interest at debt. of Jan. 1, refund¬ the amendment 4% rate during Instead maturity, provides for a the initial five 3V2% ing bonds Nos. 51RB to 100RB, inclusive, dated Oct. 15, 1941, ag¬ for payment as debt to years and 3% thereafter to final gregating $50,000, at par and ac¬ maturity in 1981. The change will crued interest to Jan. 1, 1945. result in a saving to the city of Bonds are to be presented for about $440,000 in interest charges, The group acting^s payment with all unmatured cou¬ it was said. pons attached, at the office of the exchange agents for the city in¬ Commercial .National cludes Shields & Co. and the Mu¬ Bank, of Little Rock, Ark. Said bonds shall nicipal Bond & Investment Co. 1955, $15,000 in 1956, $16,1957, to, 1959, $17,000 in in 1960 to 1963, and $18,000 in 1964. Interest J-D. . make to * / ' - v / of $160,000 offering an airport construction bonds. 1V4 % 2, 16, v. City, at a about 1945 p. Bros. 53, were awarded & Co. of Kansas price of 101.40, a basis Dated Feb. 1, 0.987%. and due $3,500 on Feb. 1 from 1946 to 1955, inclusive. Sec¬ ond high bid of 100.948 was made by Baum, Bernheimer Co. KENTUCKY Lee County (P. O. Ky. Sale —The Bond Beattyville), $18,000 3% bridge refunding bonds offered Dec. 29—v. 160, p. 2700— were awarded to Charles A. road and Hinsch & Due Jan. Co. of Cincinnati, the Dated Jan. 1,; 1945. 1, 1975, and optional on 1, 1955, or on any subsequent interest date, at par and'accrued interest. ' vV/.r 'v-d//;; z, ■ Jan. - . . 'v_ *4' V "L. Winchester, Ky. Bond Sale—Edw. G. Taylor & Co. of Cincinnati have purchased issue of $175,000 2% school refunding bonds and are reoffering them from a yield of 0.75% to 1.80%, accord¬ ing to date of maturity. The bonds bear date of Dec. 15, 1944. Denom. a new building to as by City. The approving opinion of Wood, Hoffman, King & Daw¬ son, of New York, will be fur¬ nished. The livered as will bonds be de¬ practicable 28, 1945, and the suc¬ soon as required to pay, in addition to the price of the bid, interest ac¬ crued up to date of delivery. En¬ 2, .1944, the city reports an assessed valuation for 1944 of $6,757,925 and total bonded debt, including current is¬ sue, of $266,000. Population in 1940 was 8,594; now estimated at 10,000. Purpose of the present issue is to refund lower interest cost at revenue $1,000. Due Feb, 1, as follows: $5,000, 1947. to 1949, incl.; $10,000, 1950; $15,000, 1951 to 1953, incl.; $10,000, 1954; $15,000, 1955; $10,- Feb. cessful bidder close certified check for 3% a able to the the lows: ,<Z , bonds These . issued by the are of. City. MASSACHUSETTS original bonds issued for the pur¬ of constructing school build¬ ings in Winchester. With reference to the ..new issue, a circular dis¬ tributed by the bond house that purchased the loan notes as fol¬ bidders shall be or the amount of bonds bid for, pay¬ Boston, Mass. pose . Net Debt Down $7,629,434—The city reduced its net indebtedness by $7,629,434 between December, 1943, and Nov. 30, 1944, or from $110,210,057 to $102,580,623. / City of Winchester, Kentucky, and Essex County (P. O. Salem), Mass. are payable solely from and se¬ Note Offering—James D. Bentcured by an exclusive pledge of ley, County Treasurer, will receive the gross income and revenue de¬ sealed bids until 11 a.m. (EWT) on rived by lease of said properties Jan. 9 for the purchase at discount 011 a yearly basis to the Winches¬ of $710,000 notes, as follows: • ter, Ky., Board of Education by $360,000 Tuberculosis Hospital the City of Winchester at , an aver¬ maintenance notes. Dated Jan. rental sufficient to pay all interest and principal on this age annual bond issue when 10, 1945, and due Jan. 10,1946. Delivery on or about Jan./10 State The due. Board of Education next at the National Shawmut the approves Bank of Boston. annual budget of the Winchester, Ky., Board of Education. A closed statutory mortgage lien has been created on the land and buildings chester, are Dated Jan. has issue bonds this when Bank This is issue derives of Boston. made necessary and not of by reasons of failure funds for assessed be to repayment. All of the notes approved will be in de¬ . of $5,000. Legality Ropes, Gray, Best, by income taxation and per capita payment from the State of Kentucky. The City of Coolidge & Rugg of Boston. currently levying for the Board of Education a tax Dearborn Ky., chester, its about by statutory limitations as. to the date of the original issue, nominations The Board of Education of Win¬ on or 10. next at the National Shawmut been . notes. 15, 1945. Due April Delivery 1, 1945. Jan. perform all duties imposed on it by the Constitution and Statutes and will reconvey to the Board of Education these properties fully paid. renewal maintenance long as any of these outstanding, agrees to as 11 350,000 Tuberculosis Hospital including all further additions and improvements in favor of the bondholders.. The City of Win¬ z from mainly two sources, is Winchester of $1.25 per $100 assessed valua¬ tion and the Council of the City, request from the Board of Education, must levy a tax up to $1.25 and may levy a tax up to $1.50 per $100 assesssed valuation for the Board of Education. Total for income ' ' ; LOUISIANA the for until noon purchase of $560,000 public belt bonds. Dated March 1, 1945. Denom¬ Due $140,000 Mar. $1,000. The City is au¬ 1, 1955 to 1958. thorized to redeem and pay the principal of any of the bonds of this issue in the inverse order of maturities on and after March 1, 1949, date, at 102% fixed for the the bonds, all bonds to and said bonds will be awarded to the bidder whose bid offers the low¬ est interest cost to the City, to borne by bear the same rate of interest determined by computing the amount of interest bonds their for payable entire on life the and deducting therefrom the amount of any premium which may be offered. All conditional bids and no must be un¬ bid for less and accrued interest from March 1, 1945, will be con¬ sidered. Principal and interest than par for payment Jan. on par and accrued in¬ terest, at the Manufacturers, Na¬ tional Bank, Detroit. .;! r'.'H stated is Sale—It by J. Roth, Village Clerk, the $22,000 general obliga¬ tion water works bonds were pur¬ chased Dec. on 27, by Crouse, Bennett, Smith & Co; of Detroit. Denomination $500. Dated NoV. 1, 1944. Due on Nov. 1 in 1945 "fo 1974. Principal and interest pay¬ able at the First National Bank,- Legality approved by Miller,1 Canfield, Paddock & Stone Lapeer. of Detroit. Erin and Warren Dist. No. 2 payment of the par value redemption. Bidders are requested to name the rate or rates of interest to be be called 15," 1945, at interest any on thereof and accrued interest to the date been that La. will receive sealed bids 6 bonds Harvey Offering—Jess S. Cave, Commissioner of Public Finance, Feb. Refunding — , New Orleans, ination Call Nos. 92 to 103, dated Aug. 15,1941, due July 15, 1960 and 1961, have Dryden, Mich. , Bond on No. 4 Bond $116,- 1943-44, year ' MICHIGAN Township School District (P. O. Dearborn), Mich. Bond 3 Bond Sale—The $35,000 1V2% airport construction bonds offered Stern non-call¬ are approved furnished forms on the legality by Chapman & Cutler of Chicago. According to a financial Beloit, Kan. to be made be after 993.32. KANSAS Jan. will and able upon - Davenport, Iowa To Issue Bonds—The city plans terest $5,100,000 called reported to recently an —The City Council is have 1953 to 000 only bidder. Approves Interest Rate Change ing n'v0 Rock Special School \ Fla. Sarasota, Details—The Issue $200,000 1V2 % park improvement bonds (not certificates) purchased by White-Phillips Corp. of Daven¬ port, as previously noted in v. 161, p. 53, mature on Dec. 1, as follows: $1,000 in 1946, $3,000 in 1947 and 1948, $4,000 in 1949 and 1950, $6,000 in 1951 and 1952, $8,000 in of Sale—The 2699. i) * i'jvi 5ivi. North Little Bond 'front i958 to 1960, Augustine, Fla. $629,000 3% refunding bonds, issue of 1944, originally offered Dec. 19, were sold privately on Dec. 29 to an account composed of Clyde C. Pierce Corp., Florida National Bank, both of Jacksonville; Leedy, Wheeler & Co., Orlando, and Shields & Co., New York, at a price of 100.015, a basis of about 2.998%. A complete description of the bonds appeared in v. 160, Bond v. . -bonds/ dated Clinton, Iowa Bond The bonds chester. bonds * advised available now $1,000 Nov. on order numbers, prior to maturity, at par ■ and Bond for bonds — in :ZZ'•/,- Coral Gables, Fla. Funds 1944, in 15, matures Callable FLORIDA shall June, 1945. , nbt'ice.,/; Cook County (P. O. Chicago), III. -'Bonds Being Exchanged — The cbUnty is exchanging for outstand¬ and Benjamin J. — ■ tered incorrectly; defined in election Nov. Darien, Conn. for after 1945. of June, coupons all accruing bonds by district the of CONNECTICUT accompanied ment, on authorized an boundaries were $80,000 building bonds. issue of Each bond surrendered must be day O. is $2,468,000 2% funding bonds and has already exchanged over-" $2,200,000 bonds. The issue is dated such bond. .interest voters the airport School 4 being contested in the jyhite County Circuit Court. Pro¬ ponents of the action contend that J View Elementary Contested—Validity $42,500 construction bond is¬ approved at an election on Nov. pro¬ a bonds. improvement Mountain puted in the manner specified in v consideration under has the Treasurer of The Alabama Poly¬ surrender a sue Angeles, Calif. Airport Bond Issue Considered —The municipal legislative body 229, III. Bond Issue . Los 1, Community High School District No. inclusive, June Prairie 1956; $15,000, 1957; $10,000, 1958; $15,000, 1959, 1960 and 1961. Principal and interest (F-A) pay¬ able at the Winchester Bank, Win¬ statement dated Dec. post-war project. a ILLINOIS Sold—It is stated by Bonds recent elec¬ a tion the voters approved an issue of $100,000 county hospital bonds C. Jensen, 1968, to County (P. O. Rexburg), Calif. 1, 1939, and payable in an¬ installments on June 1 in each Madison Water Dist. 1, 1945, all of its $586,000 Building Revenue Bonds of 1939, dated nual County, Biggs-West Gridley (P. O. Oroville), Butte tees, that the above Institute has determined to redeem as of June June 1945, 000, IDAHO to bear interest on and after 1, Sealed Twps., Frac: Sch. (P.O. East Detroit)* Mich. '••'•./ / :■/■ /:. //• Tenders Invited—Pa\kl Koppin, Jr., Secretary of the of Education, will receive sealed tenders of 1939 certificates of indebtedness until 8 P.M. G. Board (EWT), on Jan. 8 (today). • Offerings should state certifi¬ cate numbers, their par value anid the amount for which they will be sold to the district. The Board of ,/J. Education > re¬ reject any and all tenders; to waive any irregu¬ larities in said tenders; to accept the tender or tenders that, in the serves the right to opinion of said Board, are most favorable to the district, and to purchase additional certificates exhaust the amount available for this pur¬ payable at such agencies in New Offerings Orleans or New York City, as the pose on Jan. 8, 1945. should be firm for five days. City may designate. Bids must sufficient of money to Invited—Sealed be received until 5 Sinking will tenders (EWT), or* Jan. 9, by Oscar Eckman, Director of Finance, of the city's Series "B" bonds. Tenders should fully describe P.M. including serial and state sum for which offered, bonds numbers Joseph J. Mitchell, It is stated by 160, v. follows: as To Harris the of is reserved by the City Commission to reject any or all tenders, to waive any irregu¬ larities in the tenders, and to ac¬ Trust Co. right which, cept the tender or tenders the City, up to the total amount of $50,000 for Series "B" bonds. time the Dated tlje bonds are received the paying agent, but not longer than seven days after the date of the mailing of the accep¬ tenders, after which time on accepted tenders tance of 145,000 Dated Called —James L. debtedness: 25,000 at Oct. 2, 1937, April 2, 1945. Series B, dated July 15, 1937, Nos. 6 to 8, called Jan. 15, 1945. Series C, dated July 15, 1937, Nos. 3 and 4, called Jan. 15, 1945. Series D, dated July 15, 1937, Nos. 14, 16 to 18, 20, 39 and 40, 42, 44 and 46 to 53, called Jan. 15, Series should be de¬ the Detroit Trust Co., certificates The livered to Detroit, for payment on the call dates shown above, after which time all interest shall cease. Royal Oak Twp., School Dist. No. 7 (P. O. Berkley), Mich. Invited Tenders Sealed — Ed¬ Parkin, Secretary of the of Education, will receive sealed tenders of 1937 certificates of indebtedness until 8:30 P.M. ward Board (EWT), on Jan. 8 (today). Dated Sept. 1, 1937. The amount on hand in the sinking fund for the re¬ tirement of Certificates of Indebt¬ approximately $14,000. edness is Dated June 1, 1924. 1, 1954. 119,000 at 128.10 Minnesota, Ru¬ ral Credits, 4x/2% bonds, J-D, 9%-year. To' Ilarriman sold to the district. Board Education of reserves right to reject any or all tenders: to waive any irregularities in said tenders; accept the tender or ten¬ which, in the opinion of the Board, are most favorable to the district, and- to purchase addi¬ ders tional certificates sufficient to ex¬ avail¬ Jan. 8, should be firm haust the amount of money this for 1945. purpose Offerings for two on days. ; j Jan. 16 the voters on issue of . " • v •. . '• MISSISSIPPI Mississipi (State of) Bond Call—Greek L. annual semi¬ offered $14,000 refunding bonds fob sale on Oct. 27, were pur¬ chased by J. W. Dain & Co., of Minneapolis, at of about District < a net interest cost 1.32%, according to the Clerk. Minnesota '.Housing (State of) Legislation Rice, Sec¬ State at the State Treasurer's office at the Trust Co., New Guaranty City. Bonds are dated Feb. York 1940. 1, and 1 and Aug. 1 Optional as of 4Due Feb. 1, 1945. A ; — Failure of the legislature to pass date Poplar Bluff), Clerk the of the Court that bonds ap¬ proved by the voters last Febru¬ ary, were purchased recently by A. H. Bennett & Co., of Kansas City. ' County refunding $210,000 Rock Hill School District, Mo. Bonds Sold—An issue of $115,- thereon interest deemed on or before and from months thereof and months 36 at Thereafter and the at on and on and or the on the or date and on from the 100.00%. redemption of In part only of the-bonds, they shall be of for similar action during the-present session of the State press which convened on Jan. 2. The Minneapolis Alderrtian asserted that his own city is legislature in urgent need of an urban re¬ development project as a rheans of rehabilitating blighted areas, provide suitable dwelling and in¬ dustrial sites and halt the trend toward building city limits. growing- outside, of by • Various cial were and city Warrants warrants Called— and Improvement District called for Spe¬ bonds payment oh Jan. 1, 1945. Park be expressed multiples of % of 1%. No proposal for less than the par value /of the bonds and the accrued interest thereon, or for less than the aggregate principal amount of the bonds to be sold, in Bozeman, Mont. Bonds be redeemed lot. Bidders are requested to name the rate or rates of Interest said such maturity to bonds shall bear, to MONTANA York, approving the legality of the bonds and the temporary bonds. Information relative to the New operations of the Eastern Division and the conduct of- said auction bidding olution District the forms and principal and in¬ requirements may be from the Secretary. terest tained ob¬ non-profit corporation paid The the»'full of $14,- price purchase 421,000 for all the common stock of Nebraska Power .Co. to Amer¬ The Co. Light & Power ican transfer of the stock was ordered by Securities the Commission ance with Bond Offering as a and Exchange step-in compli¬ SEC an order for the eeive' Nebraska Power Co. are: Dr. B. H. Baer, Gerald Collins,. J. E. David¬ son, W. C. Fraser, .Edward F. Co. elected by the new directors T. the Board of Directors; > J. . 1 p.m. interest coupon or, registered re¬ funding bonds of 1944. Dated Dec. 15, Denomination $1,000. as follows:$10,000 to 1951 inclusive and 1944. Dec. 15, 1949 from $9,000 in 1952 and 1953. Bonds ma¬ turing 1950-1953 are callable in Inverse numerical order or\ Dec. 15, 1949, terest subsequent in¬ and accrued or on any at dates, par rate interest. Bidder to name one interest, expressed in a mul¬ tiple of Va or l/20th of 1%. Prin¬ cipal and interest (J-D) payable at the Palisades Trust & Guaranty of Co., Englewood. Amount bid for the bonds must be not less than $48,000 to than $49,000. A $960, payable the Borough, is re¬ more or for check certified of order quired. Legal opinion of Haw-* kins, Delafield & Longfellow of New York Citv will be furnished the successful bidder. Oakb>n, N. ./. . Bond Sale—The $94,000 coupon or registered refunding bonds of¬ fered Dec. 28—p. 160, p. 2799— were awarded to Halsey, Stuart & Co., New York, as 1.80s, at a price of 100.18, a basis of about 1.884%. Dated Dec. 1, 1944 and due Dec. 1, as follows: $15,000 from 1955 to 1959 inclusive and $19,000 in 1960. Other bids: E. H. Rollins . & Sons ; jointly, 1.90%, 100.179; Dolphin & Co. and Boland, Saffin & Co., jointly, 2s, 100,26; Butcher & Sherrerd, and Julius A. and Stroud & Co., Rippel, Inc., jointly, 2.10%, 100.30. Teancck - Township (P. O. > Tea- neck), N. J. Bond Sale—The $50,000 series E refunding bonds offered Dec. 28— 160, p. 2701—were awarded to Peoples Trust Co. of Bergen v. County, of Kackensack, as IV4S, at a price of 100.20, a basis of-about 1.221%; Dated Dec. 1, 1944 and due 1, as follows: $10,000 in 1949, 1952 and 1953; $5,000. Dec. 1948, bids: of in Hutzler, 1.30%, Haupt & Co., 1.30%, 100.108; B. J. Van Ingen & Co., 1.30%, 100.021; H. L. Allen & Co., 1.40%, 100.46; West Englewood National Bank, West Englewood, 1.40%, 100.224; Bergen Countyt National ~ Bank, Hackensack, 1.40%, par. Davidson, /President; Don B. Woodyard, Vice-President; Roy Page, Vice-President;.-#, E. Smith, Vice-President; E. F. Leary, Sec¬ F. retary; 8 on E. Maenner ^Chairman H. are: will re- Jan. 24 for the pur-1 chase of $48,000 not to exceed 4% (EWT)- The neyv^direcfors of Light Co. Henry Oster- — Jr., Borough Clerk, sealed bids until mann, dissolution of American Power & Secretary; . 100.24; 1955. and 1954 Other Bros. & Salomon Ira . - of investment NEW YORK bankers NGVSeh' & Co., of B. J. Van Ingen & Co., Inc., of New York. ; The immediate public financing which will result -will be in the headedby John $15,600,000 "Loup River District,. Nebraska, of form Power Hill Sewer District DeYVitt, Park Chicag&r-a'nd will be considered. Temporary bonds exchangeable definitive bonds at the option District, will be delivered refunding bonds, maturing from six months to 12 which under erating Power Burton made Marine Midland Trust Co., New York, on Jan. 26, 1945. delivery in charge Co. It against Nebraska is .expected be called for bonds about Jan. 9, 1945. will The on that the non-profit corporation ac- quire4 control of Nebraska Power available Co. for the purpose of vesting Payment for the bonds is to be on monthly with requirements of Nebraska Power Co, The obligations' of Loup River Public Power District are therefore payable-From an. op¬ bids of readiness to serve which Loup River Public Power/District un¬ dertakes to supply the firm power of the at. the a charge is deposited the trustee under for City, • contract purchase (P. O. Livingston), Mont. Bond Sale Details—The $117,181.56 1.15%. refunding bonds re¬ cently awarded to Edward L. of Salt Lake by adopted for schedules of County High School District Corp. NEW JERSEY Copied of the res¬ authorizing the issuance of said bonds and setting forth the terms and conditions thereof, the form 1 No. from obtained be may the Secretary. promptly-as as Demarest, N. J. (P. O. DcWitt), N. Y. Bond Sale—An issue of $6,500 series A sewer bonds w»s sold re¬ cently to the Bank of East Syra¬ cuse of East Syracuse, as 2s, at terest M-N. shall be selected by City. Dated 1, 1944. Legality approved Charles & Trauernicht of St. bonds the opinion of Wood, Hoffman, .King & Dawson, of of effected be possible. payable from ,the proceeds of a power contract aTVd lease be¬ tween Loup River-Public'Power District and Nebraska Power Co. & Trust Co. of Kansas Louis. will years, Dec. Henry H. Bank, Minneapolis Alderman. All except five States have enacted such legislation, Mr. Bank said, in announcing that he intended to was tem¬ the delivery of the bonds or porary ■ nation 000,000 to $.100,000,000 in Federal housing funds during the past four years, according to bonds the ■ upon retire to applicable call premiums and ac¬ crued interest. The dissolution Eastern Division, redeemed at any time, the bonds school ■ furnish . and bonds at the debentures the and dividends accrued Public sold 114% dissolution of the .company and retire all of the preferred stock at 110 and proceeding to initiate redeemed in the inverse order of recently to the City National Bank 000 y f will District The group date deprived the State of from $50,- housing authority act has public interest. or 96 maturities, and in the event that less than an entire maturity is a-local any at 100.75%, before 100.25%. of right to /reject the J. Moylan, Assistant Gerald Collins, Treas¬ urer; T. F. .Hanley," Assistant Treasurer, all of Omaha, Neb. Financing was arranged by a Thereafter date thereof thereof at date event 60 Thereafter before 120 months from at the ;; or 108 months the and at on Thereafter 100.50%. thereof before thereof at from 101.00%. from before 101.50%. or thereof date months Thereafter before 84 months from or reserves such action as may best serve Woodyard, all of Nebraska; The officers of Nebraska Power date months 72 or opening the bidding and the Board in consid¬ ering bids and making the award and on or the date Thereafter 101.25%. to- extend reserved is at at on the right postpone the time of adopted Co. Power Nebraska Due thereof 101.75%. from ' is made. bid Bidding will be opened at the time and place -aforesaid, but the Leary, T. H. Maenner, W.' W. Wenstrand, Emil 'Wolf, Don B. from thereof date months 101.50%. before 48 months from or on the an 24 date Thereafter 102.00%. before the in District equal to 2%^-of the face of the bonds for which amount amount such the of payable to bank a upon order before or on If re¬ months 6 from the date thereof at the to of redemption, to wit: Thereafter Bonds Sold—It is stated by re¬ at Thereafter and itler County (P. O. Mo. be the option of the District, at any time, in whole or in part,; at a redemption price with respect to each such bond as set forth below, plus in each case thereof MISSOURI will bonds said of All deemable, before . V Urged 3%, payable Denomination $1,000. accrued Bond Com¬ mission, announces that various coupon sixth series highway bonds, Nos. E-l to E-2,000, aggre¬ gating $2,000,000, have been called for payment on Feb, 1, 1945. Re¬ demption funds will be available the of retary • (P.O. Lakeville), Minn. Sale—The Bond air¬ acquirement bonds. Dakota County Indep. School Dist. No. 100 Interest bonds. revenue rate is not to exceed J-J. approved an municipal $54,000 from 1946 to 1959. ■■ •• electric , Feb. w- stated is Secretary of the Board of Directors, will offer for sale at public auction at 10 A.M. (CWT), on Jan. 9, an issue of $15,600,000 Eastern Division - MINNESOTA ' Offering—'it Bond that Harold Kramer, Hopwood,> both drawn the check cashier's or and all bids and generally to take \ Dated Jan. 1, 1945-. Due as follows: To Phelps, Fenn & Co., F. S. Moseley & Co., both of New $553,000 July 1, 1945, $561,000 Jan. and $568,000 July 1, 1946, $576,York, Milwaukee & Co., of Mil¬ 000 Jan. and $584,000 July 1, 1947, waukee, and J. M. Dain & Co., $592,000 Jan. and $600,000 July 1, of Minneapolis, jointly 1948, $608,000 Jan. and $617,000 $3,000 at 125.823 St. Paul, Water July 1, 1949. $625,000 Jan. and Works, 414% bonds, J-J, 9$634,000 July 1, 1950, $643,000 Jan. year. Dated Jan. 1, 1924. Due and $652,000 July 1, 1951, $660,Jan. 1 1954. 000 Jan. and $670,000 July 1, 1952, 48,000 at 130.256 Minnesota, Ru¬ $679,000 Jan. and $688,000 July 1, ral Credits, 4% % bonds, J-D, 1953, $698,000 Jan. and $707,000 914-year. Dated June 1, 1924. July 1, 1954, $717,000 Jan. and Due June J, 1954. ./i,■ $727,000 Jlily 1, >1955, $737,000 Jan. and $747,000 July 1, 1956, and Tracy, Minn. Bond Election—At an election $757,000. Jan 1, 1957. , port The the Power District (P. O. Columbus), Neb. $2,000 at 122.22 St. Paul, InterCity Bridge, 4% bonds, J-J, 9!/2-year. Dated July 1, 1925. Due July 1, 1954. Offerings should state certifi¬ cate numbers, their par value, and the amount for which they will be Co., Inc., Paul, Bank, Piper, of Minneapolis, and Caldwell, Phillips Co., of St. Paul, jointly: & /S/'r-W? Ripley & National First Re¬ — of Loup River Public „ First National Bank of St. Jaffray Called be certified a refunding bonds of the 1926. Dated June 1, 1924. 1954. Due June 1, dated A, 1945. . 125.98 Minnesota, Ru¬ will directors / bonds. The new revenue of condition precedent to the a bid, the bid¬ required.... to deposit with the Treasurer of- the District Bethany, Nos. 131 to 140, in $500 denominations and due Jan. 1, 1946, have been called for payment on Jan. 1, 1945, by the 'City of Lincoln, which as¬ sumed liability for the bonds. The bonds are part of a $60,000 issue brought out under 'date of Jan.: i5 Village Credits, 414% bonds, J-D, ral Bonds Assumed fund 43/i% 1, 1954. Nos. 11 to 22, called i 1, 1924. As der. Lincoln, Neb. 9-year. Due Jan. 914-year. Certificates V Jan. possible in a public agency, of thb State of Nebraska, which transfer. will be financed by issuance of ■ consideration of any NEBRASKA Schools, 33,000 at 126.72 St. Paul, 4%"%: bonds, J-J, "the properties as soon as ; title to District. 1, 1949, and ately subsequent interest date. any Paul St. .... Halfe, Village Clerk, calls for pay¬ ment, at par and accrued interest, the following certificates of in¬ upon the acceptance of such bid, same shall ba-^'edueed in writing in substantial accordance with forms to be printed by the able in full on March 9-year. Due Jan. 126.211 discount, if any, and immedi¬ •the Due $10,000 on March 1 from 1945 to 1954, inclusive. Redeem¬ on at Kalman awarded to was Co., of Minneapolis, as IV2S, at & 1, 1924. last par. Due June Riverview, Mich. •V Schools, 10 414% bonds, J-J, 9V2-year. Dated July 1, 1924. Due July 1, 1954. ceases. able Oct. Schools, interest all Jan. bidder. the to Callable refunding bonds offered 000 St. 1954. 1 ten¬ by and York, New Paul, jointly: accepted by the City up until ders Bankers $75,000 at 124.85 St. Paul 414% bonds, J-J, mission, are most favorable to Interest will be paid on all of bonds"without cost the temporary . Sayings & Park-Shaughnessy & Co., of opinion of the City Com¬ the Trust Chicago, bonds will be exchanged for The bonds will be awarded to in full 6!4 years issue, which is Dec.* the highest responsible bidder of¬ 15, 1944. .1 fering such rate or rates of inter¬ est as will produce the-lowest in¬ Yellowstone County School District terest cost to the District over the No. 2 (P. O. Billings), Mont. life of the bonds, after, deducting Bonds Sold—The issue of $100,the premium offered or adding . Bank, Defini¬ funds in New York City. tive 1945/ Monday, January 8, /- after date of 2701, were; awarded p. 1946 to 1957, inclu¬ from sive. $450,000, offered for sale on Dec. 18, 160, v. $9,000 City Comptroller, that the various State and, city bonds aggregating bonds will be sold. The Sold— Holdings Fund 100.039, as previously noted in p. 2798, mature Dec. 15, as follows: $9,181.56 in 1945, and at St. Paul, Minn. Pontiac, Mich. Sealed Tenders in CHRONICLE/ THE COMMERCIAL & FINANCIAL 150 par. Dated ."Nov.'1, 1944. Denomi¬ $500. - Due $500 on Nov. 1 from to" 1957 1945 inclusive. In¬ Legality approved by Vandewater, Sykes & Galloway of New York City. der was" the Bank & Trust Only other bid¬ • National Lincoln Co., Syracuse, which' offered 100.0275 for 2.70s. New . Yah'(City of). N. Y, Comptrol¬ Bond Offeringr-City ler Joseoh D. McGoldrick has an¬ nounced his intention to make, an offering of $50,000,000 bonds and bids are expected to be taken on Jan. 16. The offering according to , will consist of 2-40-year bonds, with an average life of 15-years. Part, of the proceeds, of the financing will .be used in report, serial connection the city's with construction gigantic Idlewild of Air- - Volume port project. Other purposes in¬ clude improvement ot lapid tran¬ sit facilities, water, docks and schools. All of the funds will be employed in connection with proj¬ ects which were in progress prior to ihe war or subject to construc¬ tion while the war is on. The forthcoming offering will mark the city s second appearance in the long-teim capital market since Pearl Harbor. On the previous . (EWT), on Jan. 11 for the purchase of $1,300,000 tax anticipation certificates of indebtedness, to be dated Jan. - the the fiscal ! They will be is¬ of Utica, for City 1945. nicipality awar d e d $13,740,000 bones for the Idlewild Airport to sued in denomiations syniacate headed by the Chase io. al Bar k of New York CRy. These bonds were issued as 13/4s, 'Bank 1974 in¬ to 194o nom clusive, and leoffered from a yield of 0.43% to a dollar price of 99.50. York New 55—were sold by State Comp¬ C. Mcore for a total troller Frank price of $6,440,000. The New York City serials included in the offer¬ ing sold i were Bank, Chicago, at 107.68; Lot 3Yo 83 to the Chase National Bank o. ihe lowest rate bid therefor, pay¬ The legal opin¬ Hoffman, King & Dawson, New York City, will ac¬ able at maturity. York, at 110.535; Lot No.'" 8the Chase Natt^rl Br~k; n' 109.882; Lot No. 85 Bank at 113.858.-All to the Chase city bonds mature in 1947 and except for $30,000 of the 1948 and Dec. 1, 1948, all of bonds bear 4V4% interest. of 4V2s the Supreme Court on refused to review lower States 2 held which decisions court the above-mentioned agency, inferentially, bodies, and, and subdivisions that also Authority, the Triborough Bridge all constituted similarly political are their bonds are provisions of Federal income tax laws. Re¬ thus exempt from the quest that the court agree to re¬ consider earlier rulings of the Tax Court United the of States and Circuit Court of Ap¬ the Federal the certificates. Election-—At Bond Jan. 9 the voters will consider issue of $18,000 acting in latter OHIO Department. - Hazel Fleek, Clerk of the Board of Education, that no stated by unsuccessful several in attempts law to The ; proceeding have Congress enact a to effect. that against the Port Authority was generally accepted as the first step via the courts,, to ultimately test validity of the tax-exempt status of evidences of indebtedness bodies—States, cities, counties, etc. As a result of this .latest rebuff by the United States Supreme Court, and the past re¬ fusals of Congress to accede to requests for appropriate legis¬ it would appear that must acknowledge lation, Treasury futility pressing of the :V: further. the the matter • .. Rochester, N. Y. Bond Sale—The $2,214,000 fixed been as yet for the $5 980,000 construction bonds the voters at general election. " approved by the Nov. 7 %v''Bond Issue Details—An issue of $230,000 2% and 214% works mortgage revenue water bonds, second issue, recently approved by the City Council, will be dated Dec. 1,1944, in $1,000 denomina¬ tions and mature June 1, as fol¬ lows: $16,000 from 1961 to 1971, inclusive, and $18,000 from 1972 to 1974, inclusive. Principal and interest (J-D) payable at the Ohio Citizens Trust cou¬ bonds offered Jan. 4—v. 161, 55—were awarded to a syndi¬ cate composed of the National City Bank of New York, Salomon Bros. & Hutzler, R. W. Pressprich Co., Toledo. $511,water works system im¬ 2% 000 provement cently to bonds was sold re¬ Siler, Roose & Co. of will Eonds callable be 1954, or thereafter, December, n of issue Sale—An Bond ' price of par. •%;' Cincinnati, Ohio Bonds Sold—It is stated by City Auditor, that bonds aggregating $107,000, were purchased, recently at par. by the City Sinking Fund: Henry, Urner, the following $80,000 2^4"% semi-annual street improvement bonds., Due in 1 from to 5 years. - 27,000 " 2%% semi-annual hos¬ pital bonds. Due in from 1 15 years. to Dated Jan. % 1, 1945. Cleveland, Ohio Transport Bonds Revenue Re¬ to Now—Pursuant deemable a prepayment offer by the city, the Guaranty Trust Co. of New York liUiwilg it take, all up VVlul lUtlUb . city's the of Wiii.Cn 3V4% transportation system revenue bonds dated" March 1, 1942. Farmington Township (P. O. War¬ ren), Ohio Bond Sale—The $8,500 fire ap¬ bonds Dec. offered sisted of: $910,000 general refunding bonds. Due on July I5f'as follows: . . $17,000 in 1948*) $33,000, 1949: $363,000, 1930, and $497,000 in 1951. > • 554,000 school refunding bonds. Due on Julv 15, as follows; - $10,000 in 1948; $20,000, 1949; $222,000, 1950, and $302,000 in pavement reconstruction Due $125,000 on July bonds. 15 in 1946 to 1951 inclusive. North 9 the bonds bear to ; ; ; Bank & Trust Second IV2S was 77A% system so as to provide revenues Medina, Ohio % sufficient to pay, as the same shall $19,500 fire de-. respectively become due, the prin¬ oartment bonds for which bids, cipal and interest on the bonds, in vvere received on Dec. 23—v. 161, addition to paying the necessary ). 55—were sold to J. A. White. expenses of operating and main¬ & Co., Cincinnati, as DAs, at a taining the system and to establish basis 01 about price of 100.73, a L.027%. Dated Dec. due April on 1946 1 1944, and from and Oct. 1 inclusive. 1950 to 1, bid A of Goshen (P. high bid of 100.05 for the First Na¬ Garrettsville. Township School District O. Damascus), Ohio Expects Federal Aid—The dis¬ trict expects Federal financial aid connection with a building project for which an issue of $150,000 bonds was approved by in the voters at the Nov. Township 7 (P. election. O. Char- don), Ohio Bond Offering—E. Sutherland & Co., Township Clerk, for the purchase Johnson, will noon of on Wood, Hoffman, King & Dawson, of New York. ; 7 ' Darby Road, Upper Darby), Pa. Municipal A. Cincinnati, reported of Jan. 3, as follows: White & Co., date under Prices in Ohio the municipal market continue to hold firm but unchanged, with our index of the on at 20 Ohio bonds standing 1.34%, the yield on 10 grade bonds 1.18% and on lOAower grade bonds, 1.50%, all unchanged from a week ago. high indices Those all based "upon are the bid side of the market for 10 maturities, so that the in¬ dices, beginning today, reflect the yield on 1955 maturities. ' A year ago the yield on the 20 bonds was 1.40%, on the 10 high year grades, 1.23% and on the 10 lower grades tween names spread be¬ high grade 1.57%. The yields on: the and names the on .347e was grade lower .a year ago, com¬ pared with .32% today. This spread was smallest in April, 1944, at .29%. 7. S. II. Holds Court Supreme an subject State of taxation to by divisions. and its Noone, Township Controller, will receive sealed bids until 7:30 P.M. Jan. 22 for the pur¬ $200,000 not to exceed 2% interest coupon, registered as (EWT) on of chase principal only, refunding and to 15, Due 1945. Denomination $1,000. $10,000 Feb. 15, 1946 to 1965. Bids will be received for the en¬ of interest issue tire at rate one multiples of one-eighth of 17c No bid combining two different rates of interest will be accepted. in Registered only. principal to as The bonds and the Interest there¬ tax or taxes, deduc¬ except inheritance taxes, will be payable without on tion for any succession levied hereafter or now or future or of law as¬ or sessed thereon under any present Common¬ the wealth, all of which taxes the Township assumes and agrees to The bonds will be sold to highest responsible bidder, pay. the for hoga County. The high court, in a companion case involving a housing project in Cincinnati, held that this project was similarly the to the at lowest Township, interest cost which shall be deducting from the total amounPof interest to be paid on account of such bonds during determined by the life thereof, the amount of premium offered, if any, over and above the face amount of the is¬ These sue. will obligations be New York; the electorate maturing during the months of March and April in " the 1945, purposes Series 900,000 and for no whatsoever; Due $45,000 Issued to B. Feb. 1, 1946 to 1965. provide funds to be applied to the redemption of existing councilmanip bonds heretoauthorized fore City. the by Council and maturing during the Months of February, March, April and May in the year 1945, and for no other purposes whatsoever. Interest is rate exceed to not bonds/shall bear'interest at exceeding the rate not The interest rate bid may above. be different rate for each a sep¬ issue uniform for the entire arate the of life rate a specified bonds, payable semi¬ annually Feb. and Aug. 1, in each the during year which be may , thereof, term for deduction without taxes any levied said on bonds, or on the debt secured thereby by the Commonwealth, pursuant to any present or future law (except succession, estate, in-, heritance and gift taxes), the pay¬ which of ment will taxes be Municipal Authority, The bonds will be coupon bonds, exchangeable at the City Controller's office at the option of the holder at any time for a registered bond or bonds of the maturity and denomina¬ same tion multiple thereof; not a or ceeding * the of amount bond coupon surrendered bonds therefor. exchange bonds shall registered with the City Treas¬ and shall be re-registered be urer only the on of books City the Unless all bids Treasurer. are re¬ jected, the said bonds will be solcj to the highest responsible bidder complying with the terms of sale. No bid will be accepted unless ,it both issues covers bid no crued less at will interest will bonds The of than bonds, and and. par be John Nuveen & Co., to a est or omission of otherwise, subjects the repeal or Federal income tax the inter¬ on bonds of which delivered be r to City Con¬ troller at his office. The City re¬ serves the right to deliver to the the purchaser by the bidder successful typewritten temporary a printed or bond or principal bonds for the aggregate amount of said substantially in the be as bonds which shall form same definitive bonds to be thereafter issued with appropriate omissions, insertions be for variations and as the required. Until their exchange definitive coupon bonds, the bonds shall be in full effect, according to their temporary force and terms.-•. Bids made upon be must which the opinion of Town- Co., all of Cleveland; Field & Co., Cincinnati; First Cleveland Corp., Cleveland; Phil¬ send, Elliott & Munson, of Phila¬ lips, Schmertz & Co., Thomas & Co. and Geo. C. Applegate, all of the $3,490,000 2V2% an refund¬ to as proceedings thereof authorizing been ap¬ proved by the Department of In¬ Enclose a certified ternal Affairs. check for $2,120,000 serial revenue bonds. Due Aug. 1, as follows: $80,000 of the 27o of the face payable Township Treasurer. bonds, amount to the or 2% Enclose of amount legally a on all taxable! certified check the bonds bid principal amount for, payable to the. City. : (These are the bonds that were originally scheduled for sale/' on Jan. 4.) * Yeadon, Pa. Bond Sale—The the have rate property therein. delphia, and will be delivered to the purchaser only if and after issuance the real purchaser under the favorable bid¬ tion of Richards Controller from his terms of for ard & ob¬ purchaser, the purchaser to the return of the amount deposited with the bid. These bonds are issued subject to Cunningham & Co., -alWof Pitts¬ burgh; Hayden, Miller & Co., Mc¬ Donald & Co. and Hawley Shep- City be ligations of the City, payable both as to principal and interest from ad valorem taxes, without limitaV class or character the contract of sale and entitle the obligations may opinion of Reed, Smith, Shaw & McClay, of Pittsburgh, that the bonds are direct and general ob¬ Lynch, Singer, Deane & Scribner, Glover & MacGregor, and S. K. the the of election , may these bonds, will, a includes at ac¬ accepted. upoh request.. The successful der will • be" furnished with exemptions • or in Registered from terms by ex-r principal aggregate the forms of as¬ sumed by the City. tained prior to delivery of the bonds Federal-legislation which in . payable F-A. Denomination $1,000. Dated Feb. 1, 1945. The 47c, relieve of by year other Chicago; E. H. Rollins & Sons, Philadelphia; Moore, Leonard & issue heretofore bonds authorized and blank from unlimited ad valo¬ taxes. The enactment, at any time Falls : rem PENNSYLVANIA Beaver • payable tax-exempt. ing water bonds, as follows: 3% Dated Feb. improvement bonds. issue local tax purposes had been made by the city and Cuya¬ properties Scott Robert the sub¬ An effort to assess the Ohio — are 2, the United States Supreme Court ruled that Federal Public Housing not Offering provided such bid is not less than par and accrued interest. The highest responsible bidder shall be the one who, having complied with the conditions of sale, offers to take the whole amount of the Projects Non-Taxable.— unanimous decision on Jan. Authority units in Cleveland Bond Jan. $10,500 Township (P. O. 2325 Havertord Toledo. (State of) Market Firm—J. receive 13 provide for re¬ Legality approved by placement. Ohio Pittsburgh, has just purchased L. annual fund to an 100.17 for IV4S was made by Ryan, as made by electoral These Bond Sale—The — incl. 7 of date 7 Due $30,000 Feb. 1, 1946 to 1965. Issued to provide funds to be applied to the redemption of existing • Pa. l%s„ at par. Dated Jan. 1, 1945 and due as fol¬ Bond Sale A syndicate com¬ lows: $400 April 1 and Oct. 1 from posed of Stranahan, Harris & Co.. 1946 to 1950, incl.; $400, April 1 Inc., Toledo; Blair & Co., Inc., and and $500 Oct. 1 from 1951 to 1955', B. J. Van Ingen & Co., both of Bloomfield, All of the bonds ar»»dated. Jan. -sealed bids until 15, 1945. of 7% Co., New York City, bonds, issued by the Au¬ thority, a public corporation of the Commonwealth of Pennsylvania, 1969, inch Interest M-S. Bidder for the purpose of refunding bonds may name a different rate of in¬ previously issued in connection terest, expressed in a multiple of with acquisition of a privatelyowned water system, constitute, in V4 of 1%. No bid for less than the opinion of counsel, valid and par and accrued interest will be considered. A certified check for legally binding obligations of the $4,800, payable to order of the issuer, payable solely from net Board of Education, is required. revenues of the water works plant and properties owned and oper¬ Massillcn, Ohio ated by the Authority. The Au¬ Bonds Authorized—It is re¬ thority, in the opinion of counsel, ported that the City Council voted has power and is obligated to fix recently to issue $6,000 police and rates and collect charges for the fire alarm traffic signal control services furnished by said water p. Hartman 1951. 750.000 160, v. tional Bank, . Jan. on the purchase of $240,000 3% building bonds. Dated Jan. 1, 1945.. Denom. $5,000. Due $5,000 on March 1 and Sept. 1 from 1946 to 30— 2702—were awarded to the North Bloomfield Banking Co., York: noon for In paratus Angeles, and C. F. Childs & Co., New York, as 0.90s, at 100.2399, a basis of about,0.855%. Sale con¬ until interest accrued Edward by Series A. $600,000 Dec. 15, 1944. Principal and inter¬ est (F-A) payable at the Chemical Housing pon Estabrook & Co., all of New R. H. Moulton & Co., Los and 22 500,000: 30 days' prior notice, at redemption date. All District Clerk, will receive, run, today p. & Co., sinking fund revenue bonds. Due Aug. 1, 1980. Re¬ deemable on any interest date on and after Aug. 1, 1951, . yield Bucyrus, Ohio of all public its has sale of date The income from all State,and munic¬ ipal tnnds should be subject to Federal taxation and has been inclusive. upon 10 A.M. (EWT), R. Frey, City Controller, for the purchase of the following coupon refunding of 1945 bonds aggregating $1,-' Jan. on 1,370,000 (P. O. Blachlick), Ohio Bond Offering—Ben A. Woodsealed'bids Pittsburgh, Pa. Bond Offering—Sealed bids will be received until . behalf body has long argued that 1956 to 1958 inclusive; $85,000, 1959 to 1970 inclusive; $90,000, 1971 to 1974 inclusive and $100,000 from 1975 to 1979 City School District (P. O. Akron), Ohio v bond's. Bond Sale Not Schedule—It is Akron ,it a of the Treasury filtration dam repair bonds. instituted by the In¬ ternal Revenue Department which was was . an Toledo. apparently ; election an on peals, v. 160, p. 876, was made by The liti¬ U. S. Solicitor-General. gation ^ Mayville, N. Dak. Be'levue, Ohio Authority, N. Y. Supreme Court Declines to Re¬ view Tax-Exempt Case — The Jan. Wood, NORTH DAKOTA Port of New York United of ion New New York, at at interest bear to & Savings No. 82 to Harris Trust to York, Lol follows: as at the Chemical & Trust Co., of the City of New J Portfolio Avva d—The $5,676,000 of various local municipal bonds offered fcr sale on Jan. 4—v. 161. p. $50,000, payable each, company (State of) of 151 from ap¬ paratus bonds. One bond for $500, others for $1,000 each. Due Sept. 1, as follows: $500 in 1946 and $1,000 from 1947 to 1956, incl. Interest M-S. A certified check for $500," 15, 1945, and mature July 12, 1945. payable to order of the township, Delivery to be made in New York is required. Bidder may name a ex¬ City on Jan. 12. The certificates different rate of interest, pressed in a multiple of 34 of 1% . 7 7 will be issued against and be.re¬ deemed out of the Tax Levy of Jefferson Local School District of a will be received until noon year Na real estate purchase and fire Utica, N. Y. Offering—Bids , Certificate occasion, in August, 1944, the mu¬ maturing- & FINANCIAL CHRONICLE THE COMMERCIAL Number 4349 161 semi-annual $28,000 coupon borough bonds of¬ fered for sale on Dec. 29, v. 160, 2455, were awarded to Schmidt, Poole & Co., of Philadelphia, ac¬ p. to Frank R. Culp, Bor¬ Secretary. Dated Jan. 1, cording ough . THE COMMERCIAL & 152 1945. : Due Stroud Federal Public Housing price and Rate Co. & TEXAS bids . Breckenridge, Texas Sealed Tenders Invited —City $ 3,789,000 230,000 1,800,000 1,135,000 183,000 314,000 430,000 1,120,000 8,507,000 483,000 Allegheny County, Pa Annapolis, Md. u Bremerton, Wash. Charleston, S. C.__ Conway, Ark. Fort Wayne, Greenville, S. C ap¬ was indicated) Maturity Local Castleberry Independent School District (P. O. Fort Worth), Tarrant County, Texas Bonds Voted—An issue of $30,bonds -C ; (Notes dated January 30, 1945 and maturing as Authority Amount Secretary E. R. McCathren is call¬ construction given herewith: Bid Opening January 9 _______________ Island, 111.--- ——— Francisco, Cal.— Rock proved by the voters at a recent San election. Scranton, Pa. Corpus Christi, Texas Bond Offering—H. S. Lowrey, 2- 5-46 2- 5-'46 2- 5-46 / 2- 5-46 2- 5-46 11-27-45.. 5- 7-46 5- 7-46 2- 5-46 2-26-46 y v sealed bids until P.M. on Jan. 3 (Notes dated January 30, 18, for the purchase of $1,500,000 2% State-aid seawall and break¬ water bonds. Dated Dec, 1, 1944. $250,000 in 1945 and 1946, —— Chicago, 111. 1956, inclusive, are call¬ able at par and accrued interest on any interest paying date on and after June 1, 1951, upon 30 1, County, Cal Costa Contra Smith, Ark. Johnstown, Pa. __—— Fort — —__ —. days' published notice. These are the bonds authorized at the elec¬ tion held on Nov. 25, by a vote of 635 to 48. Payable at the Cor¬ 5,130,000 1,415,000 1,185,000 191,000 — Richmond, Tarrant, Ala. National Bank. In price bid, the pur¬ accrued interest from the date of the bonds to the date of the purchase price. By Jan. 18, 1945, the executed —-— — '' 2-26-46 • 8-28-45 - 2-26-46 > 5-28-46 i? 5-28-46 5- * 2-26-46 ' 2-26-46 Roanoke, State, the to service charge to will bonds also B. J. Van Ingen & Co., Coffin & Burr, all without the City. The be approved as Horner at a Texas $75,000 at authorized Other bids were accrued interest. Harris Trust purchased by Robert Mclntyre & Chicago, Scott of San Antonio. Hc.le County No. District 2 1 • ; : L. ■ and Approved Legality of issue — An $124,000 2%% construc¬ dated Dec. 1, 1944, has as to legality by Bankers Trust Co., New Salomon Bros. & Hutzler, and F. S. Moseley & Co., jointly, York, York, for $1,515,000, iy2s, and $70,000, iy4s, at 100.01, a net interest cost Co., Peoples Charlottesville, Ballin & Lee, Fenn & £o., Stone & Blodget, Inc., Paine, Phelps, and Webber, Jackson & Curtis, Gra¬ Smith, Barney & Co., Northern Co., Chicago, MercantileCommerce Bank & Trust Co., St. Louis, Mackubin, Legg & Co., and Investment Corp. of Norfolk, Nor¬ Trust . Houston, Issue interest cost 1.5541%. Lazard Freres & Co., & Sons, jointly, for $175,000, 5y2s, and $1,410,000, IV2S, at 100.063, a net interest cost 1.56%. Chemical Bank & Trust York, Commerce Union Bank, Nashville, W. E. Hutton & Co., C. F. Childs & Co., American National Bank, Nashville, and First National Bank, Memphis, interest cost ' 1.4349%. R. S. Dickson & Co. and Miller & Independent School (P. O. San Antonio), Tex. Patterson, Sale Details—The a Antonio District Bond stadium bonds purchased by rett & Co. of Dallas, v. ?were 160, jointly, for $910,000, l%s, and $675,000, iy4s, at 100.06, $30,000 p. or dated Jan, Bonds due Jan. 16, 1950, subject to call after that date. Webb County (P. O. Laredo), Bonds. Voted—An issue $300,000 was chased Inc., Stroud & Co. and F. Craigie & Co., jointly, for ( & Co.', jointly'for'$1,445,000, j and Tex. 1.466%. Halsey, Stuart & Co., Inc., Kidder, Peabody & Co., Alexander Brown & Sons, First of Michigan Corp., and W. H.'Newbold's Son and thereafter are on of cost 16 in 1959 and 1960. 16, 1945. $140,000, iy2s, iy4s, at 100.008, a J net interest cost 1.4817%. of! Hemphill, Noyes & Co., Lee Corp., Spencer Trask recent election. & Co.,*Kearn, Taylor & Co. and road construction bonds! Higginson approved at a Bonds of $280,000, iy4s, and $1,305,000, ry>s, at 100.0035, a net interest 1958, inch are recent elec¬ County Public Utility Dist. No. 2 (P. O. New York, W. Due $2,000 on Jan.: All of the bonds Pacific & Co., price of 100.073,. a net interest about 1.674%, as follows: $26,000 l%s. Due $2,000 on Jan. 4,000 iy2s. of net interest cost 1.4365%. National City Bank, a 1946 to a issue $13,000 construction bonds. Estabrook & Co., Braun, Bosworth /cost of from District lution and State charges for rates eral the meet and interest and such as may election, be relieved of his obli¬ gations under the contract to pur¬ chase the bonds and in such case to the will issue are repair, renewal the of proving the bonds. Enclose a cer¬ tified check for 2% of the face value of the bonds bid for, pay¬ and replace¬ District's South Bend), Wash. Purchased—A syndicate able to the State. electric system. Tacoma, G A fIA D A Wash. Bond Issuance Indefinite — Al¬ ALBERTA though authorized to provide for post-war construction, it has not been definitely decided whether the $3,500,000 bonds Edmontcn, Alta. Bond Sale—The issue of and street authorized sewer November last sold in be at such date or the as near 161, p. 56—was awarded to a syndicate managed by the Domin¬ ion Securities Corp. of Toronto, at a price of 100.078, a basis of about future will permit im¬ mediate employment of the funds. 3.39%. Sale consisted of: VIRGINIA WEST $400,000 21/2s, due $200,000 on Feb. Election — 1,000,000 3s, due $200,000 on Feb. stated is It election will be held on 1 from 1948 to 1952 inclusive. 2,000,000 3%s, due Feb. 1, as fol¬ lows: $200,000 from 1953 to 1960 inclusive and $250,000 in Feb. 15, to have the voters pass on the of the following bonds issuance 1961 aggregating $330,000: $150,000 rec¬ reational facilities; $150,000 All was scheduled for ed bonds Series aggregating $588,000: revenue, 1945 $326,000 2% refunding bonds. Due as follows: $16,000 July 1, 1945, $16,000 Jan. and July 1, 1946, $17,000 Jan. and July 1, 1947, $17,000 Jan. and $18,000 July 1, 1948, $18,000 Jan. and July 1, 1949, $18,000 Jan. and $19,000 July 1, 1950, $22,000 July 1, 1957, $22,000 Jan. ; and $23,000 July 1, 1958, $23,•000 Jan. and July 1, 1959 and : Jan. 1, 1960. by the Royal Securities Corp. M. bids will was Matthew that Commission and interest thus 1 p.m. announces (EWT) on Jan. 9 for the purchase $1,000,000 4% road bonds. Dated Jan. 1, 1945. Interest J-J. Coupon bonds in $1,000 denominations convertible into fully registered nations. 1970. to : Bond and $5,000 denomi¬ Jan. 1, 1946 of interest to be and a part a different rate. of bid. The bonds Co., Montreal, composed Toronto, McTaggart, issue of $290,000 3% local improvement bonds at a price of con¬ sidered in any one group & Montreal, purchased in Decem¬ ber an Not than two rates will be of Ames Hannaford, Birks & Gordon, both a more E. Bank multiple of y4 of 1%, A part of the issue may bear one rate in i Sherbroqke, Que. Sale—A A. of Due $40,000 Rate to ; ; QUEBEC of bonds of $1,000 confined exclusively Canadian dealers.' sealed be received until Neely offering was not' registered with Securities and Ex¬ Virginia (State of) Offering—Gov. dated 1, change West 1962. bonds will be of Montreal. This Feb. .16.) Bond and the of 1945. Second high bid of 99.777 was made by a group head¬ Feb. construction, and $30,000 street improvement bonds. (In our issue of Jan. 1, v. 161, p. 56, we had reported that the bridge election 1946 and 1947. 1 Charleston, W. Va. Bond Seattle, electric $3,500,- refunding bonds offered Jan. 3 000 ■—v. to are Chicago, Hartley Rogers & Co. and associates, pur¬ recently the following opinion required to pay the fee for ap¬ be necessary operating and maintenance expenses; and to provide funds ment furnished be Caldwell, Marshall, Trimble & Mitchell of New York, but will of to pay for will with the final approving in the pursuant to the as deposit accompanying his bid be returned. The purchaser purchasers or Resolution, together sums successful bidder may, at his the to principal bond this issued be of the terms of such bonds on future come revenues of the terms of any Federal in¬ tax. law hereafter enacted, by ren¬ payments declared Fed¬ either by Federal customers, adequate be laws, Revenue or and non-discriminatory; provide sufficient tax income ruling of the Bureau of Internal by a decision of any Court or shall be taxable a public and which shall be fair and private, shall be taxable under present to require the electric service to all law establish District character and now bonds of the same type from ers composed of John Nuveen & Co. Gar¬ 2800, sold to the bond house at 16 Bonds Voted—At tion the voters approved an First Boston Corp., Blyth & Co., : \ the private hold¬ income received by as ox par delivery of the bonds, the the to such system is here¬ after extended. The Bond Reso¬ an County (P. O. Yakima), Wash. general election the voters ap¬ proved an issue of $7,100,000 for of than pedite delivery if desired interim receipts will be furnished pur¬ chasers. In the event that prior by H. C. Walker, City Clerk, .that Broadway School District, Yakima 7 owned 1.6146%. WASHINGTON $280,000, 6s, and $1,305,000, 114s, at 100.003, a net interest cost system jointly, for $1,015,000, l3/4s, and $570,000, iy2s, at 100.063, a net for $500,000 sewer bonds. At the Nov. San Co., New and , au¬ of the electric plant revenues Union Se¬ Corp., New York, Hornblower & Weeks, and E. H. Rol¬ Co., Crouse, Bennett, Smith & Co. C. F. Cassell & Co., jointly, Council offering of the and curities the that purpose. been legally binding obligations of District, payable solely from with Bonds—City authorized has Texas the , & Co., Inc., Goldman/ Sachs & Co., R. W. Pressprich & Co. and Eldredge & Co., jointly, for $455,000, 2s, and $1,130,000, IVzs, at 100.0199, a net Ripley ham, Parson & Co., Cruttenden & To and dered 1.4922%. & 1.415%. Webster W. P. Dumas of Dallas. Stringfellow, $280,000 5V2s, and iy4s, at 100.004, a net interest cost approved & for $1,305,000, tion bonds, been Bank, Hannahs, jointly, Savings Bank, & Rothschild F. National Rural High School (P. O. Plainview), Texas Bond have pursuant to provisions of the Bond Resolution, constitute valid . lins follows: as an election last November have been Co. bonds less at 1, 1945. Purchasers will be. re¬ quired to pay accrued interest to date of delivery. Delivery will be made in New York City. To ex¬ together with such other equal lien bonds as may be issued Anthony & Co., jointly, for $1,480,000, iy2s, and $105,000 l%s, at 100.028, a net* interest cost 1.4909%. ;:y, ■ - y Chase National Bank, New Harriman 1945 and consist of $1,015,000 WW-2, due from 1946 to 1974, inclusive, and $570,000 series WW-2, due Jan. 1, 1975, and call¬ able on any interest payment date on or after Jan. 1, 1965, at 102 and 2% Sold—The bonds these payable. The bonds sold Accrued in-} terest to be calculated from Jan.; with the Constitution and Statutes $1,410,000, iy>s, at 100.0179, a net interest* cost 1.538%. series (P. O. Carrizo Springs), Bonds airport that be and accrued interest. legal The due and cannot of the State and the Bond Resolu¬ $35,000 from 1953 to All of the bonds are dated Jan. certified check for $30,- Dimmitt County comes re¬ 5-28-46 1 folk, jointly, for $175,000, 4s, and 1, 000, payable to the Mayor. > the annual interest on said principal sum there¬ of within the time this bond be¬ bond and the thorized and issued in accordance 1, as Jan. 1975. reject bids not comply¬ the provisions, hereof; waive irregularities in bids. Enclose 1952, inclusive. 1974, inclusive and $570,000 in with to or follows: Due 114s. follows: reconvene ered; to ing as Due $35,000 on Jan. 1 from 1946 to all bids; to adjourn the meeting which bids are to be consid¬ and Scott, Lynchburg, net interest cost basis 1.369%, 1,340,000 any or later a $245,000 5s. purchaser without charge. City reserves the right to and of Mason & of about the reject City; York 100.016, at & Co., Forgan New of Sykes & Galloway, of New York, whose opinions will be furnished to general obligation water sys¬ bonds offered Jan. 5, v. 160, Glore, Call, of Dallas, and Vandewater, The \ dicate legality by JohmD, Mc- their - 2704, were awarded to a syn¬ composed of Shields & Co., p. Will be ready fonbdelivery purchaser at the Capitol National Bank in Austin, to of the of Public Accounts troller tem Va. Sale—The $1,585,000 cou¬ Bond pon Comp¬ the obligations. funding of tax on the State, until, bond is fully paid, sufficient in to pay provided above, from moneys the District other than money issuance be levied and annual State property said ner the an to cause collected all 1, 1946, in part, at par accrued interest, in the man¬ 2-26-46 Tucker, VIRGINIA having been approved by Attorney-General and having by annually opinion of Wood, Hoffman, King & Dawson, of New York, states 7-46 $29,960,000 bonds, registered it is agreed that, prescribed by the Constitution, the Board of Public Works of the State shall limits the within after Jan. from available for that purpose, 1, 1951, and subsequently, may be at any time on and derived and rev¬ sufficient are not enues tion and, addition to the been terest, when other funds thereafter 101.00, before Jan. 1, 1952; there¬ 100.75, on or before Jan. 1, 1954; thereafter 100.50, on or be¬ fore Jan. 1, 1956; thereafter 100.25, on or before Jan. *1, 1958, and ■thereafter at par. Provided, how¬ ever, that $398,000 bonds due Jan. of secure bond, principal sum and in¬ this or and !:5-28-46 To 1943. 1943, Chapter 4, Acts the payment of 13, JVlarch the bonds so called known Senate Bill rolled be as En¬ No. 78, passed Session Regular redeemed chaser must pay the maturity a Legislature, 1943, Act of the State if be selected by lot, at the following prices: 102.00 on or be¬ Christi pus of and , R. I. Va. —San Bernardino County, Cal.______ Providence, •' 623,000 Pa. Montgomery County, 2-26-46 1,102,000 173,000 —--- King County, Wash. 000.000 State Road Bond Amend¬ ment and under authority of an shall Maturity 8,157,000 945,000 691,000 — the highest after $ : 198,000 : 10,150,000 -..w-.,-,-..- — Chicago, 111. , ^ ~ all maturity, fore Jan. 1, 1950; Amount R w in Tex XjA U Wilovliic, j.ca. — of called at any one time, of such maturity to be 1945 and maturing as indicated) Amount Maturity >: $ 2,196,000 8- 7-45 Local Authority n=o June than less ^ A ' Bid Opening January 30 : y (Notes dated February 20, 1945 and maturing as indicated)' $50,000 in 1947 to..1951, $100,000 cicn nnn 1QK4 in 1952, $150,000 in 1953 and 1954, and $175,000 in 1955 and 1956. Bonds maturing June 1, 1952 to 1 City York New Coupon form in $1,000* denomina¬ tions. Interest J-D. Due June 1, as follows: '■■V'.-v.'* Local Authority order verse $17,991,000 bearing the interest lowest 1, 1951, are redeemable at time, together with accrued interest, upon 30 days' notice on and after Jan. 1, 1946, in the in¬ Bid Opening January 11 • offer¬ the bidder sold to ing to take the bonds as rate and to pay^ price offered for bonds0 bearing such rate. -Principal and' interest payable in lawful money at the State Treasurer's office, or at the National City Bank, New Denomination $1,000. Dated York. These bonds are issued un-: • Jan. 1, 1945. Interest payable J-J, der authority of amendment to All bonds maturing on and after the Constitution known as $50,Jan. on receive will Comptroller, City refunding bonds. follows: $19,000 Jan. and July 1, 1951 and 1952, $20,000 Jan. and July 1, 1953 and 1954, $21,000 Jan. and July 1, 1955 and. 1956, and $22,000 Jan. 1, 1957, Due , any . ■- will be 1 %% 262,000 the openings scheduled for Jan. 9, 11 and 30, for a total of $50,147,000 of temporary loan notes. *. The de¬ ; tails of these note offerings are being sought by 22 local are ; ing for sealed tenders until Jan. 23, at 2 P.M., of any of the city's outstanding bonds. w/'V 000 Authority Local Housing Units Seek Bids on Notes—Sealed Twenty-Two given in the sale report. not were with authorities, housing UNITED STATES Jan. 1 in 1950 to best bidder was on Second 1970. Monday, January 8, 1945 FINANCIAL CHRONICLE 99.82. Due serially on Dec. 1 from < 1945 to 1964 inclusive. \