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IS. MONDAY ISSUE ~Tke Commercial Financial yj m1 j an id Chronicle Reg. U. S. Pat. Office Volume 171 Number 4871 New General RAILROAD Abraham & York, N. Y., Monday, January 9, 1950 INDUSTRIAL - INSURANCE - Straus, Inc.—Suspended From Dealings— 12 to an agreement and plan of reorganization consummated the close of business on Dec. 31, 1949, there will be in exchange for each share of common stock, of no par value, 3.25 shares of common stock, of $5 par value, of Federated Department Stores, Inc. (scrip to be issued for fractional shares). The common stock of Abraham & of Pursuant secondary shares of 80 block a stock (par $10) at $45.25 net. The offering was quickly scribed and the books closed.—V. 170, p. 2433. Association below.—V. 170, Improvement 170, p. Investment $1,734,901 Net asset —V. value 170, American The the $3.75 $3.57 Feb. Light & Co.—Plan to has announced that Feb. 15, of ment certain claims, Company Act. Holding pursuant On to section and has been 1950, 11(e) that after of date the fixed Public certificates stock common acting Co., bankers. Power of for & Light has Power Pacific Co. <& Light themselves Application and for a of Co. of group approval contracted to J. B. individuals the sale sell to Walla base all Van and of the of No is Pacific plans parts made, in Electric be of have to been Pacific, cooperation Co. contingent of made but with it the consolidate for the sale expected operations of of that city of Portland the city. is & and the Portland two be General utilities in that ' Is contemplated that to It work details time erties.—V. the out 170, it take may of the sale considerable some of parts of period of the Pacific prop¬ 2581. p. Oil & The for company Earnings shares of be sokl $5 filed G sinking cumulative a fund preferred registration statement with debentures, stock which of of a stockholders $5 on 1970, the and shares 30,000 cumulative Jan. on are to price NEW Aetna to other stock, without par value, which will be the payment of dividends and on liquidation Oil Co. conditions A. permit. G. Becker & be Freedom-Valvoline, may sell 7,500 shares and Earle M. Craig, of Freedom-Valvoline, may sell 10,000 shares of the $5 preferred stock to be received by them contemporaneously with the of $5 preferred shares the Securities stock will be $5 preferred stock Act of 1933. Ashland intends to register is offered and such to Ashland. by of ■ share that shares to the It be sold the to public under the presently, contemplated that the shares public at a price between $97 and $102 per underwriting will to amount discounts and commissions with respect to approximately $3 per share. Of the to be received by Ashland from the proposed sale of the 55 preferred stock Ashland will use $1,883,747 to reimburse its treasury for the cost of the shares of Aetna puvchased by Ashland on Nov. 23, 1949, and the balance of such net proceeds will be added to working net proceeds capital. The authorization of shares of $5 preferred stock in an amount greater than those presently proposed to be issued will make it possi¬ ble for the the directors in future their of DEBENTURES due to Ashland sole shareholders and without consideration tures the TO BE the sale to discretion, first 1970. such without additional further shares approval directors $15,000,000 of of Ashland are giving sinking fund deben¬ have been entered into of 3% Preliminary negotiations with A. G. Becker & Co., Inc., to form a group to underwrite such debentures. The price to be received by Ashland, the public offering 1949 1948 1947 ♦2,327,949 973,158 2,839,878 2,071,439 1,167,789 973,158 $5.98 paid to an $7.30 devaluation agreement and Dec. on stock, common 44 & Trust of of plan 31, $701,955.—V. $5.32 170, 299. p. of reorganization consummated 1949, there will be in exchange for value, of 1.5 shares of common no par Co., New York, N. Y.—V. 170, will be used to prepay of Aetna added be to to be received, outstanding and Ashland's of indebtedness Ashland of 1799. p. and the and balance funds. CAPITALIZATION AFTER sinking fund deb., sink, $5 $1.20 fund bearing matur. cum. cumulative stock (no Common due purchase (no 10, $15,000,000 4,800,000 4,800,000 1965. 1960— 91,000 91,000 84,447 shs. 150,000 shs. $100, of 5% cumulative income —V. p. 170, $3,032,110 346,188 $2.54 capita] account.—V. ♦Net after Ohio The certificates were Philadelphia Plan and were priced to yield from 1.35% 2.70%, according to maturity. They were offered sub¬ ject to approval of the Interstate Commerce Commission. The on a in the offering were was awarded on Jan. 4 To Spend Drexel & Co., on to Salomon Bros. & Hutzler Pier— The company on Jan. 3 announced early construction of a new, pier, to be located in the Port of Baltiihore and designed primarily for the handling of import ore. Orders have been placed the necessary material, and construction work will begin shortly. The 1948 $120,153 ♦$112,078 profits taxes.—V. 163, p. 2720, Brockway Glass Co., Inc.—Earnings— Mo. End. Yr. End. Sep. 30/49 Net sales Sep. 30,'48 Aug. 31/48 $11,025,457 income from income $1,177,518 $9,326,379 1,058,758 125,036 433,194 512,934 _ 62,360 133,430 operations after taxes dividends —V. p. 78,363 68,995 „ 170, 32,607 73,046 1590. Brown Shoe Co. Inc. (& Subs.)—Earnings— sales Net profit 1949 Dividends taxes per 170, 2,555,079 2,607,068 1,130,4.36 1,130,455 1,132,080 outstanding shares Earnings p. $76,020,630 2,543,052 496.800 495,550 494,700 share $4.84 $4,87 $4.97 paid Common —V. 1947 $80,377,978 $84,404,361 after f 1948 common 299. St. Louis Listed and Unlisted Securities Edward D.Iones & Co. 1871 300 North 4th St., St. Louis 2, Missouri modern of be transferred from Union Halsey, Stuart & Co. Inc. bid 99.619, also for 2Vis. $5,000,000 plan will Corp. and Stroud & Co., Inc. above issue bid of 99.646. much shares upon 1949 excess Established for two cash issued under the to Securities p. Year Ended Oct. 31— RR.—Equipment Trust Certificates an issue of $11,865,000 2lk% equip¬ trust certificates maturing from Jan. 1, 1951 to was made Jan. 5 by a group headed by Salomon Associated 169, interest and other charges profit after income and $4.25 783. Bros. & Hutzler. in Years Ended Sept. 30— Net loss Net 1965 and, share $3 $4,080,324 206,631 taxes Offered—Offering of ment $100, per 1106. to Common 1948 share Baltimore & into par and $599,900 Preferred dividends 1949 ; after per outstanding 5,999 shares reclassified declared effective, a dividend of declared on the old preferred stock Net sales Net and be stock, 479,511 shs. 1,697,192 shs. Year Ended Sept. 30— Net will preference Yr. End. 600,000 shs. 3,000,000 shs. $1) 171, p. 2. Earnings prior being Net —V. value on preferred value) (par JBohack Realty Corp., a subsidiary, were to vote plan of recapitalization designed to eliminate divi¬ the 7% preferred stock which amounted to $94 a per share as of Oct. 31, 1949. Under the plan, each of the authorized of 7% preferred stock, par obliga¬ value).___ par convertible par stock deb., on Brandram-Henderson Ltd. (& Subs.)—Earnings— Outstanding $15,000,000 1970 tc Jan. ser. stk. pre. due 1950 arrearages ACQUISITIONS FINANCING Authorized 3% its stockholders of 4, dend surplus Freedom-Valvoline, general AND approximately $10,709,500 Jan. in offering such shares to shareholders. SOLD—The of issue re¬ 783. stock, of $5 par value, of Federated Department Stores, Inc. (scrip to be issued for fractional shares). The common stock of Bloomingdale Bros., Inc. was suspended from dealings on the New York Stock Ex¬ change on Jan. 3, 1950. Distribution agent Is Central Hanover Bank 44 underwriting lVz%. Of the net proceeds of President sale Produc¬ Backstay Welt Co. (& Subs.)—Earnings— sell to dividends p. $24,543,821 $25,567,734 $19,913,244 / close of business share of each FINANCING with Board 38 discounts will depend on market and immediately prior to the offering and cannot be determined definitely at this time. It is presently contemplated that the public offering price will be between 100% and 103% of the principal of the debentures and that the underwriting dicount will (Ky.). Preliminary negotiations have been entered Co., Inc., to form a group to underwrite such shares, Ashland is advised that Walton T. Davis, President of Aetna, may sell 2,500 shares, William G. Bechman, Chairman of the Into at the conditions tions, PLANNED—The management of Ashland presently approximately 30,000 shares of the $5 preferred stock the public through underwriters in the near future, if market and Intends and other Non-interest 150,000 shares presently authorized shares of $1.20 cumulative convertible preferred stock. They will also vote on approving the merger with and into this of $3,33 $2.64 and 170, (H. C.) Bohaek Co., Inc.—Unit Recapitalizes— 20-year 3% the company 309,117 Manufacturing Co. (& Subs.)—Earns. share per Pursuant of Banks Through Nov. 30 PROPOSED preferred parity in respect of with of Member tion for November SEC Acquisition— will consider authorizing 10 dividends 1948 '($1,047,303 Bloomingdale Bros., Inc.—Suspended From Dealings— 38 Statement 50,000 by the company and 20,000 shares by certain stockholders. Plans New Preferred Stock and The due outstanding—89,880 2020. , non-recurring profit amounting to $211,152.—V. ♦Before foreign currency U. S. Savings Bonds Sold and Redeemed Refining Co.—Registers With SEC— 3% con¬ 310,452 tlncludes investments Earnings after taxes 38 subsidiaries, Jan. on $L5,000,000 were * 1949 — share per on 38 Federal Reserve System Federal Reserve Index of Industrial will Ashland 37 Reserve Banks com¬ will stock $830,144 Black & Decker The the effort preference outstanding Year Ended Sept. 30— Net sales 41 properties of any an shares Earnings Cash Condition investment certain outstanding Combined Condition Statement of Federal is the sale upon Common ceived Rates the Year Ended Sept. 30— Net profit after taxes Quotation Industrial Stock Averages.27 Exchange of Bingham-IIerlirand Corp. (& Subs.)—Earnings— 28 Company. definite ponent to 28 New Dividend Announcements the Ingen shares company now has only one class of stock shares of common without par valuer—V. 170, p. 36 Stock Exchange 120 The 35 Markets Foreign Walla. price 33 Section but Redemption Calls and Sinking Fund Notices—38 the The proposed sale price is to be not more than $19,500,000. A base price of $10,000,000 is to be paid in cash and the amount in excess of' the Exchange State and City Bond Offerings The Course of Bank Clearings being made to the SEC. Pacific serves about one-third of Portland, Ore., and a substantial area in northern Oregon and southern Washington, including Yakima and 32 General Corporation & Investment News._Cover as To Sell Pacific Power & Light Co. Common Stock— American All Miscellaneous Features capital stock of this company. The $2.32 common stock on a share for share basis under an alter¬ native provision of the redemption offer. Only four holders of preference stock presented their shares for re¬ demption at $35.35 a share on Dec. 28, according to Mr. Cullman. ♦Consolidated, Utility for 511,792 $0.52 2326. verted into (Dow-Jones)..£7--27 and common stocks of the company now outstanding are to exchanged for the distributable stocks and shares of a single class of new Stock National preferred be Exchange Transactions New York Curb Exchange.-.. Stock and Bond Averages the plan for distribution of certain assets of the reclassification of its outstanding stocks and for settle¬ for 31 15— company 511,792 $1.23 ing 32 Stock Transactions New York effective date of company, 511,792 p. company had eliminated by Dec. 28. 1949, all its outstanding 17,180 shares of $2 cumulative non-convertibie preference stock, accord¬ to Joseph F. Cullman, Jr., President. _30 San Francisco Stock Exchange Ef¬ Become 1,200,000 $1,238,990 This 30 Exchange Montreal \ Power 309,000 $317,565 Benson & Hedges—Preference Stock Eliminated— 29 Stock Pittsburgh Stock Exchange 1,363,435 „ 669,000 $678,653 ♦Including storage earnings.—V. 170, 29 Midwest Stock Exchange per 2,369,109 610,000 $0.82 28 $46,372,560 $49,198,270 $892,065 profit 1,023,584 8,404,265 $3.74 2581. p. fective share per 1,471,216 8,826,998 taxes net share $1,652,066 1,631,557 Consol. com. Over-the-Counter 9,049,657 $2,438,990 outstanding Stock Exchange Toronto Stock Exchange—Curb $1,897,525 Income $626,5G5 Earned 1947 capital shares income Exchange Los Angeles Stock Exchange Toronto 1948 Net income after taxes Number Federal Detroit Stock 685. 1919 69,881 $1,347,658 Com. shares American Business Shares, Inc.—Earnings— Year Ended Nov. 30— __19 Montreal Curb Exchange below.—V. Co. 97,369 $1,502,065 ; 28 Allentown-Bethlehem Gas Co.—Seeks Note Extension Gas income 28 —May Refinance Notes During 1950— United 529,106 95,192 Total 23 1946 1947 1,200,074 147,584 income 7 (Bonds) 1948 $48,260,048 1,406,873 profit before tax. Other Subs.)—Earnings— 1949 $48,396,975 Cincinnati 1389. p. will Boston Stock Exchange oversub¬ Philadelphia-Baltimore & Electric (Stocks) New York Curb Exchange Algonquin Gas Transmission Co.—Proposed Financing, See Stock Exchange New York Stock Exchange Etc.— See New England Gas it as pier sales Gross Page New York 23,000 Dealers' cents. ♦Net Stock and Bond Quotations of common discount distribution plcte and will be ready to handle con soon Beatrice Foods Co. (& York, N. Y.—V. 170, p. 1797. a as new 3 Mos. Ena. Nov. 30— Addressograph-Multigraph Corp.—Secondary Distribu¬ as to a heavy movement begins to arrive in the port eaily in 1951. be located along Stone House Cove, adjacent tO O.'s large export coal pier at Curtis Bay.—V. 171, p. 2. B. tion—Shields & Co. and McDonald & Co., after the close of business Jan. 4 on the New York Stock Exchange offered months ore In This Issue Straus, Inc. was suspended from dealings on the New York Stock Ex¬ change on Jan. 3, 1950. Distribution agent is Central Hanover Bank & New MISCELLANEOUS - The at Trust Co., Copy a Corporation and Investment News PUBLIC UTILITY - Price 75 Cents job, which will cost upwards of $5,000,000, will require Member a New York Stock Midwest Stock Exchange Exchange New York Curb Exchange about Phone CEntral Chicago Board of Trade (Associate) Bell , 7600 Teletype SL 593 2 (102) THE Brown & Williamson Tobacco See Peter J. Schweitzer, Inc. Corp.—Sells Unit below.—V. 154, Novemberfrom Gross Burlington Mills Corp.—Earnings— Net Year Ended Oct. 1— 1949 sales "After 18,218,360 $7.53 Net Sept. 30— Net from ry. "Earnings "After share—.— per to 1,685,093 264,635 264,635 264.635 —$5.14 $4.93 $7.39 Jan. on the is 5 board committee, to presenting of directors John S. its stockholders the at which of Stock York 29,813,895 25,634,304 5,411,538 3,525,436 1,321,783 965,825 1,991,270 419,493 Jan. Kroese nominees Aronstam, S. John and member President Vice-President First Co.; and. attorney Kroese, and Robert industrial Director chief 170, the of Miller firm Room 1015, 12 invited o'clock 139 bids FOR for election Net to executive Hudson Robert of Charles Co.; & Electrical Supply the of & NOVEMBER Gross ry. —V. RR., 1949 from Gross Net ry, railway railway $93,392 1946 $135,137 30,502 $129,801 4,636 "15,602 "1,444 Net 66,647 35,278 49,836 Net ry. 1,119,124 1,405,188 1,510,140 "147,650 12,703 14,000 284,551 income 429,195 593,286 443,686 639,141 $85,972 Gross from Net ry. 1,861,040 1,781,930 1,429,340 1,612,549 oper. 170, p. 181,023,914 161,246,753 145,868,333 49,022,004 42,041,650 33,368,947 2582. 170, 19,761,115 19,031,385 15,301,970 J. Net 1948 $2,829,290 1947 income $2,726,622 in 1949 Common shares ♦Earnings "After per taxes 626,176 dividend 478,034 220,233 106,687 573,524 29,012,968 31,179,993 28,314,295 24,920,515 3,899,176 5,180,070 4,624,302 right such 1,495,705 1,095,546 385,787 effect to the redemption all of of the issues... receive to $1.31 Years Ended July Sugar Co. the redemption Dividends $1,369,294 share per NOTE—Above —V. 1,697,943 137, t includes $1.84 associated $2,103,6721,116,910 $1.07 companies on and 1947 $791,278 1,136,685 paid Earnings 1848 1949 due There'have interest, 3'Air/c, due Oct. will ment been called $108,000 be 1970, 1, made for for at redemption first of the Street, Boston; Mass., or Street, New York, N. Y.- and the account Old at Feb. trustees of the 15, . COMPARATIVE INCOME N. & such of Operating Oper. $1,826,128 revenues and exps. 1,368,448 taxes-|_ Net operating ineomeNdn-oper. income (net)- Gross . due Beaver 1950) 1, interest issues all to who unmatured "" the and principal amount accrued interest the .in of case debentures $483,256 $5,981,020 1, 1950) in desire to avail from 20,061 1953 of the may $489,965 142,419 $6,001,081 1,831,111 $4,693,907 dtv. Earn, 170, stock com. per —V. $347,546 67,023 810,481 sh. com. $3,075,827 804,349, $230,812 $280,523 $3,359,489 $2,271,478 $0.11 $0.13 $1.54 $1.04 outs. 2582. p. 5,000 shares dividends its of 18J/3 of $3 prior cents per and Lindsay Bradford have been elected Managers directors of The Delaware & Hudson RR. Corp. specialist and consultant, has been associated, active in the reorganization of the Kaiser Aircraft Bank Farmers Pa. is President and Director of The City 3. p. 1949 railway -Earnings 1948 1947 1946 $5,294,195 $4,323,441 1,541,086 1,534,446 •158,578 852,797 864,178 1,463,287 823,451 railway.— 60,477,968 railway 14,143,274 income— 7,636,313 "Deficit.—V, 170, p. 2224. ry. railway income—- oper. 599,391 From Jan. 1— Gross from 62,706,692 53,039,998 50,178,979 from 18,345,649 12,931,341 7,184,146 ry. 11,338,800 7,452-,942 3,402,237 respective Detroit & Mackinac Ry.—Earningsfrom Net from Net ry. Gross from ry. and 1969 be to are New York, presented to The 43 Exchange Place, Chase New York 70 1963 be to are Broadway, 1966 are New York to presented York New 15, 1946 $155,844 30.376 71,804 42,250 10,944 9,947 72,932 1,779,734 2,029.389 870,966 1,665,671 687,150 1,284,214 696,041 393,436 railway railway 507,900 368,268 245,240 , 1. income oper. 170, 383,812 2583. p. Detroit Steel Corp.—Acquires Portsmouth Properties— This stock corporation Jan. on Portsmouth's of In Central Hanover Bank acquired 3 launched by first mortgage $74,000 principal amount presented to Manufacturers Trust Co., 15, N, Y.—V, 171, p. 3. sinking 5% V/2% of fund sinking that announce and a gold bonds, fund gold series and B, bonds, series C. Morgan & Co., Incorporated, 170, 103. p. the physical integrated coal plants, properties, the Portsmouth shares the and the capital subsidiaries. company company received Steel common stock, Detroit of activities steel the of two are a continuous new weld pipe mill. these new facilities, hot rolled - strip mill , Detroit Steel, rolled strip manufacturers, will producer. steel companies $10,000,000 expansion program will be immediately Steel at the Portsmouth works. Scheduled for of nation's major the assets, of Portsmouth at completion cold . ^ long of one become a fully Portsmouth Steel, with substantial assets in addition to the cash and received from Detroit Steel Jan. 3 will continue as a separate stock entity. ' Portsmouth shareholders approved the Detroit transaction at a special meeting on Nov. 16, and a letter from the Portsmouth com¬ to pany shareholders that "Now the states: transaction board of directors is in your of attractive promptly business when decision a with Detroit Toledo & from Net -from —V. Net ry. has embrace. to been Ironton will You reached."—V. 170, p. informed be 2224. RR.—Earnings— 1949 railway 1948 1947 •- 1946 $1,174,386 . railway $1,479,019 $1,030,774 $856,441 446,729 735.564 374,826 317,989 , income— oper. Detroit Steel has been consummated, position to determine which of a number a opportunities November— Gross secondary distribution of 39,700 shares of common stock (par $1), made after the close of business Jan. 4, has been completed on the New York Exchange. The offering, which was quickly oversub¬ scribed, was made at $34.25 per share, less a concession a a Detroit electric new owned and 285,000 consolidation accomplished, now wholly these in cash the Upon be to for payment $6,200,000 Y. N. been drawn by lot for redemption and payment at 105 1950, out of moneys in the sinking funds, $122,000 of first 5Vze/i>, sinking fund gold bonds, series A; $268,700 principal of 1947 $157,194 23,364 1— from Net 1948 $177,120 77,595 income... Jan. Net —V. 1949 $181,685 railway.— railway oper. From With have amount oper. November— Gross , ; Clinton Foods, Inc. —< Secondary Distribution-—Merrill Lynch," Pierce, Fenner & Beane and Newhard, Cook & 1,618,080 $4,169,970 73,157 requirements for Bal. $303,969 plus $5,987,336 Net surrender attached to the coupons 35,397 $459,816 —- a - $5,565,545 of 85 cents to dealers.—V. 170, p. 2022. Pfd. income redeem Co., N»w York.—V. 171, from deben¬ April 1, Co. Net will share, per November— 1953, themselves of case Payment will be made at the office of J. P. sinking fund trustee, 23 Wall Street, New York, N. Y—V. $4,658,510 1,709 155,847 due March " the City of of Street, mortgage $1,786,247 $21,250,089 $20,299,940 1,297,991 15,269,069 15,641,430. .2,136 income $55 and at Bristol, construction Co., There 1949—12 Mos.—1948 $457,680 - deductions Total " of thereon Cleveland Union Terminals Co.—Partial Redemption— ACCOUNT 1949-t-Moxrth—1948 April Issues. Debentures due 45 on Period End. Nov. 30— . due Y. Trust » • 1595. financial a Bradford Gross interest- to May 1, 1950 and March 1, 1950, re¬ debentures due 1963 and debentures due 1966, above Debentures'due next, at 10614 bonds, series L, sinking fund. Pay¬ Colony Trust Co., trustee, 45 Milk Manufacturers Trust Co., 55 Broad the 170, p. in is through equipment and inventories of Portsmouth Steel Corp. the Debentures 2, mortgage of sought is California corporation executive capacities, with Franklin Simon, McCallum Hosiery Co. and During the war Mr. Dill became assistant to Henry of their debentures with Redemption— on general to (including National Bank and consisting price premium 1969. Holders f Central Maine Power Co.—Partial on privilege of immediately receiving the redemption price $2.83 consolidated basis. a 1768. p. the case $1,065 to tures holder date, amounting for each $1,000 debenture to $1,045 (including in holders of each issue the and has accordingly instructed and after the date hereof, upon to and surrender of the debentures with all unmatured interest $1,055 spectively) giving payment to any redemption the: debentures, to (& Subs.) —Earnings— 31— income full of 1391i (including Net immediate $1.04 the is company to pay trustees coupons, to Central Aguirre * The proper presentation p. listing that outstanding debentures due 1958, 1963, 1966 and 1969, aggregating $41,principal amount, on their respective next interest payment been deposited by the company with the lespective trustees 1,903,048 170, this also by, the Net 2223. 2,701,273 _ that and handled Denver & Rio Grande Western RR.- 2,957,916 866,781 — income— 2,183,887 requirements.—V. Dill E. company Net 1,903,043 outstanding--— sharp preferred 1948 $50,192,244 ; 23 Jan. on at A. Taylor Co. Kaiser, and was Trust $2,526,556 574,197 have of; such $51,477,000 • after stated stockholders 1946 $2,880,058 505,274 499,460 income sufficient gold dates (& Subs.)—Earnings— Sept. 30— sales Net stock Dill, factory railway. p. Funds o'/o Canada Dry Ginger Ale Inc. Chairman, commod ties Wm. 18,200,328 • ' Year Ended of, Immediate this 45,536,074 569,700 in ; Corp.—Listing— Delaware & Hudson Co;—New Board Members— 169,984,881 railway uau, for the listing of 867,492 shares of Its Francisco Stock Exchange it was announced Western of corporation Russell of Cities Service Co.—Privilege of Immediate Payment— . , "Deficit.—V. The Mr. 1949 oper. uuu Net —V. railway from x and $20,000,000 applied San Cummings, supplier preference 3,230,939 1,251,479 from Net 3,333,459 railway- from 49,520 income- oper. eciito "Cooper-Bessemer Corp.—Partial Redemption— $13,335,006 4,369,871 railway oper, /v 1946 1947 From Jan. 1— , From Jan. 1— Gross from ry. / payment of the called shares will be hiade at the City Bank Farmers Trust Co., transfer agent, 22 William Street, New York, N. Y.—V. 170, p. 2583,, MONTHS 11 has the on interests •share. 3. p. from railway—:— from Net 1947 at or * Chicago St. Paul Minneapolis & Omaha Ry.— -Earnings Net 1948 FIRST 1948 of 1950, $14,220,410 November— RR.—Earnings— November— ' X. Roseberg Bros, acquired early in 1948.—V. Gibson, 111,, Chicago, IJ-A,y| "UU, 4. Nathan Mr. Net i AND it 1, O. $16,213,060 income oper. 171, Gross Cambria & Indiana from - Jan. A. to 3,937,658 railway railway from Net Associates, Mayer dated $15,027,563 from Net S. 2434. p. purchase be 18.- 1949 from to submitted Buren Street, Jan., on the for A, be stock Jan. on From Jan. 1— Karp; Corp., Manhattan must West Van (CST) noon bids series bonds, AH 1980. railway from railway ry. oper. income Net Chairman, is Aronstam of Gaffney-Kroese and Mayer, planners.—V. of Schafer, of corporation common the 4 mortgage 1, WWMMV Consolidated Grocers "1,449,348 22,577,503 2582. p. on Jan. Treasurer, before annual firm Exchange 62,631 3,841,968 170, first mature Gross meeting on Jan. 26, 1950. In a proxy statement, the committee named the following candidates: J. Allen Harlan, consulting engineer; Gerald B. Nielsen, partner of the New "50,498 25,581,730 November— stockholders' 431,851 103,147 580,597 232,846 income— EARNINGS Stockholders' Committee Names Slate— The $2,077,201 - 1, 1976; $44,660,000 27/8% series "U" due April 1, 1981; series "V" due Dec, 21, 1984.—V. 170, p. 2583, 2%% The company $55,000,000 $25,018,017 dividends. preferred $2,458,027 139,412 railway oper, The 1947 1948 2,331,034 ,— ' —O 1946 Chicago, Rock Island & Pacific RR.—Bids for Bonds— 1,724,223 outstanding shares Common Monday, January 9, 1950 large 1949. taxes after CHRONICLE 1947 $2,870,752 417,448 railway- 170, p. 2222. $29,271,596 $31,710,812 income railway income— "Deficit—V. sales $2,263,938 oper. Net (A. M.) Byers Co.—EarningsYear Ended Net 1948 1949 raillway from Gross 31,219,943 $4.30 ancl charges.—V. taxes ry, $ 288,161,509 ♦Net earnings Earnings per share FINANCIAL From Jan. 1— 263,497,942 - from Net 1948 $ Net & Chicago & Eastern Illinois RR.—Earnings— — 242, p. COMMERCIAL 244,548 414,326 228,704 204,072 13,821.976 14,450,530 11,850.415 9,019,700 5.045,018 6,097,294 4,957,635 -2,967,675 2,605,696 3,403,170 2,715,621 1,678,339 , From Jan. 1— Gross from Net from Net ry. railway railway..^ income— oper. 170, 2224. p. " Central RR. Co. of New from Net from Net ry. 1949 railway- 1948 $2,936,142 1947 $3,441,080 396,646 income— 273,389 "417,174 ... $3,193,291 250,737 "235,328 - "526,382 railway oper. Jersey—Earnings— Net from "Deficit.—V. The ♦479,259 A 203,794 Guaranty Trust Co. of New York is accepting deposits of class stock, under an exchange offer expiring at' 3 p.m. (ESTi, Feb. 3, 1950.—V. 170, 3582. P, * An application permit a • Commercial 33,949,295 39,201,232 34,267,201 filed 3,208,237 4,712,653 "3,078,792 "4,151,885 _ "4,145,703 _ 3,382,401 The 2222. 170, p. Coca-Cola International Corp.—Exchange Agent— 3,886,534 *2,483,1445 A on Nov. 1950—V. 170, p. 2583. Pennsylvania—Earnings-— November— from Gross 1949 raillway— Net railway-, oper, income— ry. 1948 $1,365,358 ._ from Net 1947 $1,709,116 646,708 520,183 1946 6 $1,579,272 $1,351,290 560,676 432,228 868,503' 703,163 Colorado Milling & Elevator 731,114 554,081 16,569,387 raillway from railway ry. oper. income-: Net Net —V. 170, 15,814,076 19,218,891 shares of common 5,628,544 7,468,517 5,920,409 Earnings 9.626,870 7,349,221 2,429,747 Vermont The from corporation its the $25 The to the sents for of Corp.—Acquisition- also Valley of authorized those the transfer properties of by Central Central Vermont Vermont located Vermont repre-. business, in exchange carries on an interstate electric utility shares of the Connecticut Valley common stock plus $472,000 first moitgage 30-year 4% bonds—V. 170, p. 2582. 13,960 sales Net profit Common Earnings —V. 166, — after per $12,738,433 and 1948 $14,295,221 259,936 552,898 700,000 ; St., This $0.43 $0.79 $0 53 1947 the , November— from Net from ry. its bids sinking for fund 111., at from it, due April its office, at before or purchase 10:30 A. Room M. as 1800, (CST) whole, such a 1999, 1, 72 10, income— $20,376,637 7,485,637 3,441,059 1948 Trust has Co., Corp.—Revolving Net Net —V. from $10,708,918 ' concluded the Bank with of three the of its Manhattan of this agreement leaf tobacco to are commercial loans. The purchases carry credits and other to be Jan. 3, 1950. .The interest for prime current used for corporation retired its $3,750,000 serial 170, p. the loan on 153,230 from ry. railway 200,572,221 railway— 46,357,821 oper. 170, p. income 17,831,212 2582. 1947 2,225,620 221, 542,422 198,387,763 67, 746,038 63,471,874' 30, 640,087 . from Net from Net ry. Consolidated Gas Electric Light & Power Co. a operating revenues expenses and Jan. 3, Gross 28,677.869 ry. Officers and employees of subscriptions Subscribers by have directors of the pay¬ cancella¬ A limit company are purchased 43,000 shares of ex¬ common plan. agent upon to the (EST), Feb. 1, 2583. Ry.—Earnings— 1949 1948 1947 1946 $280,800 $317,600 $323,000 $230,600 110.115 27,021 61,734 66,734 53,726 "23,981 *4,911 23,055 3,128.000 315,971 4.039,700 3,337,900 2,464,600 918,940 826,821 250,429 177,675 "249,932 railway ■ income— railway—railway . Duval $64,712,544 57,127,780 p. 128,210 2583. Sulphur & Potash Co.- -New Duval See 170, *245,064 Texas Sulphur Name—Financing Co. below. 1948 57,259,376 income.— oper. "Deficit.—V. whplly-owned subsidiary) $66,250,281 ——, payment period. offer. from from of Bait. 1949 taxes set. railway—,.— oper. Net Eleven Months Ended Nov. 30— Both From Jan. 1— —Earnings—Bank Appointed Trustee, Etc.— . 10-month November— Gross financ¬ 492. (Including The Maryland Counties Gas Co., provides for a Duluth Winnipeg & Pacific requirements. bank 20, 1949. subscription warrants which expire at 3 p.m. 170, p. to price at the rate Guaranty Trust Co. of New York has been appointed subscriptions to additional shares of common stock accept banks, and the commit¬ five-year the rate of are principal Company a available are same privileges until final payment is made. subscribe up to 10% of their annual salary. company under a similar The share. per shares Duval Texas Sulphur Co. Stock Increased—Name Changed— Operating 1946 .! $21, 029,323 $19,391,056 $16,246,812 6, 793,355 ' 5,400,371', 4,817,567 3, the was Employees—The employees 70,000 14,000 the at Commission for recapitalization Credit— Bank Other, income $8,990,905 : income : < $7,584,764 543,121 583,281 > 180,254,535! 53,414,319 s .25,609,543 The stockholders authorized common 5 i 2,278,338 i Gross to income $9,534,026 2,322,787 1,852,470 $7,211,239 Income deductions $8,168,045 $6,315,575 From Jan. 1— Gross is from exercise of Cigar plan 1949, stock West Jan. on 3. p. In Offered its 105,000 stock of Feb. 1, 1950. over reduction shares 50 of cluded the debentures to the company Chicago, under unsecured Total 1949 railway railway oper. invited corporation Operating Gross of 171, Irving loans - Chicago Burlington & Quincy RR.—Earnings— Net has Public National Bank &. Trust Co. of New York, ment for a $10,000,000 revolving credit, effective The 1991. p. deductions tion and * 700,000 share employees' check 1950.—V. ing 371,965 700.000 taxes outstanding common $1.35 Net 1949 — charges shares ' Co.—Earnings— Year Enaea Sept. 30— Net $0.54 be presented to 1950.—V. Cessna Aircraft The Corporation plan share for each 50 shares held Dec, one offers will expire 705,523 share Consolidated pari State_ of New Hampshire with which Central it $49,000,000 1950.—V. r order $49,885,425 1492. p. company Adams 1 30 received SEC authorization to acquire Cree, all of the 40 outstanding shares of of Connecticut Valley Electric Co., Inc., at' per share purchase price to Mr. Cree, SEC of 1948 $44,463,668 281,501 -— Dec. on ($25 Connecticut in Service . President, Albert A. stock common Public Properties— 1949 - : Commonwealth Edison Co.—Bids for Debentures— bids Central per 170, The of Transfer of 30— Plan 1493. p. stock at $44.50 some common Employees may 1,681,077 7,882,665 4. Nov. after; taxes 5,263,756 2222. p. profit —V. from Ended : Net From Jan. 1— Gross Months Sales offered 4 on holders of Co.—Earnings— proposed a Co.—Stock Jan. company Concurrently Central RR. Co. of with 1949.—V. 170, 9, Chemical Dow Guaranty Trust Co. of New York is accepting deposits of class under an exchange offer expiring at 3 p.m. (EST), Feb. 2, stock Recapitalization — the California with connection in withdrawn 39,190,636. Co. Withdrawn— i railwayfrom railwlay— ry. oper. income— Net Dohrmann Co.—Exchange Agent— 1946 $2,786,022 From Jan. 1— Gross Coca-Cola « November— Gross Net com. : . share Trust on Co., avge. New and New York paying agent shrs. York. outstdg. N. $4.26 >' Y., has been appointed and registrar for first reiunding - $4.16 trustee, mortgage the name Dec. stock of 30 from the approved a proposal to increase the shares to 1,000,000 shares and to Duval Sulphur & Potash Co. 550,000 company These changes are subject to the approval of the Texas Corporation Commission and the effectiveness of a registration statement filed with the income Earns, per Tbo change on to SEC, under present owner the —V, of which the company, proposes stockholders at $13.50 per share. 74.71% subscription 170, p. of the price 2583. to offer 375,000 shares The United Gas Corp., outstanding stock, has agreed to purchase at any shares not taken by other 'stockholders, Volume 171 Eastem Number 4871 - Natural Gas THE Corp.—To Withdraw Fort Pitt Proposed Project— The Power England. said taken no 19 announced 4 withdraw to build to a its the application pipeline gas that to Gross Number New serve —V. in It area. build to day a would and Boston in Rhode Island.—V. have 292-mile a line, Phoenixville from with (Pa.) Boston Eastern served Norwalk, New Britain, Massachusetts, 170, and Woonsocket and Gross the The the several ry. Providence Gross and had years Jan. on Federal corporation passenger ago $1,609,167 $1,335,931 8 58,163 522,888 294,578 300,221 131,173 from Net ry. the over sinking of settlement a This vessel a between this railway 14,710,646 15,049,471 13,431,059 Government. 4,182,301 3,869,334 2,121,407 2,135,778 1,877,079 770,647 & Ry., income— "just compensation" Robert steamer company, pending was in E. Lee, for the which of its valued exhaust $.500,000. 170, Federal Court the Tenders government made The loans Oper. income before Gross 381,505 349,241 4,278,985 $124,358 $1,527,580 1,878 17,917 $5,806,565 $5,311,032 $147,049 $126,236 $1,545,497 •After 12,609 175,759 requirements- to stock com. $113,627 $1,369,738 •Net and surplus profit the Commerce the maturity the at date of rate for of Co. 40 $1,129,385 $2.96 per to in respect of the $963,000 Elmira & Williamsport RR. its of of Year Ended first 126, granted 1, 1950, Jan. per The per mortgage bonds $1.07 Studebakcr Corp. Farrington new the Jersey 494a 1947 for $3.02 $2.89 The 167, p. plant the in Corp.. wholly a Walpole, Mass., coated of ended year owned it was Dec. on shares of by Boston.—V. 31, announced has $21,593,475 were in the Jan. on to be Paul Davis & registration a capital stock H. 170, p. filed 29 $5). (par Co., with The Chicago, SEC the 1948 The $ SEC of Total income also dividends 616,512 dividends Crosby the 7,805,336 for 171, was share— com. contingency 170, $8,81 of reserve from the Co. in Florida East Coast from Net from railway railway ry. Gross New $7,000,000 of Net ry. 7,803,336 8,290,745 $13.45 $13.21 1948 and $5,000,000 dent preferred and 1947 1946 $2,092,403 187,261 142,404 *53,913 641,135 410,713 26,010,819 24,339,150 23,970,353 of Metropolitan Motor motor 4,177,895 3.048,871 5.214,059 1,545,290 144,967 2,518,464 of motor coaches according ry. to concentration Livingston is and will for Inc., motor were to will be discontinued E. R. Breech, national the distributors coaches," Mr. built and sold in Breech yhe p. assume offices: as - Dana 135 to its will payment be made and on the serial redemption bonds, informed are due that date. May 15, 1950 and May 15, Jan. 9, 1950, the Maryland for pay¬ after and on at Union Trust Co. of 3809. 152, p. 1949 Federal taxes ' 1948 $3,843,038 188,015 income taxes- $3,792,275 *213,564 71,200 - before Crl06,000 ^ _—_—.—„.— In cash the their sell at stock competitive (par off pay $20), bank President; William Net to sales profit tNumber Earned competitive Ford said. proceeds to See be as have to no Mr. (Reg. TJ. S. $220,882 $2,544,378 *24,316 *20,249 *2,583 alter per | 1949 1943 1947 $88,444,299 — , $85,065,206 2,963,741 1,403,664 *2,957,048 1,403,664 $1.93 shares $89,752,683 2,899,924 1,408,264 L- taxes $1.98 $1.97 share common $1,000,000 provision requirements.—V. 170, for contingencies. tAfter preferred divi¬ 1598. p. Stevens Hotel—On Dec. on Chicago. Under the agreement, the corporation may draw on the loan in mul¬ tiples of $1,000,000 during the next three years, repay¬ able over a period of 17 years. 194,870 *53,088 *342,252 *50,952 *51,256 *325,278 *128,999 *107,166 $2,581,854 Acquires Additional Stock—, 2225. 1948 1947 1946 $678,224 $761,828 $687,777 $650,728 127,979 105,165 26,091 Stock Exchange Dec. on 15 reported that the stock, common corpo¬ against as 1495. p. 76,363 103,751 71,966 776 Hollinger Consolidated Gold Mines, Ltd. — Unit to Allow Iron Ore Co. of Canada to Explore Its Concessions The stockholders sidiary, 8,125,609 7,194,112 7,087,339 1,026,337 1.424,911 932,021 380,884 787,264 1,186,418 601,408 40,738 Canadian Unit of Co.—New a corporation for The Formed— the manufac¬ new similar that to Products and being manufactured Co. operates Sunnyvale, plants Calif.; in in the United Fremont Rochester, N. Labrador Mining approved Iron before 31. St. Dowagiac, and Salem, & Exploration proposal a aimed at Co., Ltd., extensive sub¬ a iron-ore Ungava. the for exploration of concessions ore held subleases Mr. Canada it will of the taken are amounting have that take to subleases also proceed with construction and plants, buildings and other facilities $150,900,000 ana $200,000,000 if these while the expenditure 110 remaining of proposal of intend approximately expenditure to will power directors the ol considerable option up. for "your to its equip a railway from the mines Seven Islands, Quebec, with ade¬ of between of said calls development port Canada mines' cost Timmins Canada exercises build and river the exploration and the company's concession, miles. This will involve square for money of by Iron Ore Co. Labrador Mining & by continue territory 17,500 made money to which financial arrangements made." be Financing of Newly Organized Firm— In connection armed services the entire plant and its equipment industry for experimentation and forging techniques and procedures," an Air Force is for to all American industry research and and to purposes."—V. all J. 1,500 Western new structures 1951. west effect in By and year-end a our on steel Fruit rails statement, during 1949 said in Oper. part: included 26 diesel- Office) each dollar Express, 20% any or of stock capital stock American prior all of to the of steel Doe. portion purchase $2 Co. sub¬ Such will and 3'i of 168, Ore each 1950. remainder affirmed purchases.—V. Iron firms, 31, of then be steel income com¬ deben¬ 2225. p. Lighting & Power Co.—Earnings— 700 gondolas and 175 covered our refrigerator car subsidiary, Other 1949—Month—1948 electric— $2,502,819 1949—12 Mos.—1948 $2,247,732 $39.380.559 taxes— 1,948,316 1,916,796 23,210,759 21,321,763 revenue—. $554,503 $330,936 $7,169,800 $5,990,453 revs, and exps. Net boxcars, oper. income (net) $27,312,216 3,455 10,748 165,773 100,096 $557,958 of dollars were spent improvement on track of income Gross $341,684 $7,335,573 $6,090,549 and Income which deductions 143,873 120,177 1,608,398 1,380,843 $414,085 $221,507 $5,727,175 $4,709,706 of Net the end of 1951 of Havre, California. south and Great Northern Mont., except will for a be the during 1950 income Dividends — applic. to pfd. stock for the period 389,588 389,588 $5,337,587 and Common division in shares Earnings per —V. .170, completely dieselized Klamath p. $10,543,000 track program $4,320,118 outstanding 1,339.686 1,228,837 share $3.98 $3.52 have on order 111 for expansion of William B. Dana new our Company, passenger cars costing streamliner service in Publishers, 25 Park more 1950 Place, than and New $14,- Harold 1951. York common 2025. Houston 1950. "We for of by six of properties. Oregon Breech. tures Operat. are a part of railway operation. nearly $26,000,000 was authorized during 1949 for 86 diesel-electric locomotives, 500 additional new refrigerator cars for Western Fruit Express, machinery and tools and improvements to "Expenditure there affirm as for cars. "Many millions various pay Period End. Nov. 20— placed cars. 250 fcr 170, Ry.—Improvements Continued— President, in equipment $20,000,000 subscribed subscribers Houston Gavin, with been provides obligated for remaining 80% of panies in addition thereafter will 2225. other of available experimental the has director 8, N. Y., Oil Decker, of Pan REctor Co. of Texas—New President— formerly American 2-9570. D. Vice-President, Gas Herbert Co. D. has General been Seibert, named Editor Manager President and of Publisher; Monday]. Other Riggs, Business Manager. Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on St., Chicago 3, 111 (Telephone State 0013); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright 1950 by William B. Dana Com"""". Reentered February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879. Subscriptions in United States, U. S. Possessions, Territories and Members of Pan$35.00 per year; in Dominion of Canada, $38.00 per year. Other Countries, $42.00 per year. La account Salle of the fluctuations in ilie rates of exchange, by facilities. Co. of estimated an of and Ore operation at of 1953, Lawrence quate docks Iron Co. Ore Dec. the Exploration, 2024. calls program States. and. Y.; of 9 Labrador Mining and Hollinger North Shore Exploration Co., Ltd., by the recently incorporated Iron Ore Co. of Canada (see V. 170, p, 2226). Jules R. Timmins, Labrador Mining President, said that in the event to Canadian new Dec. on development in Labrador and 7,329,713 Products p. York held 113,828 shares of reacquired 108,200 shares previously reported.—V. 170, income 170, New ration 1949 Oakland added buses. Patent (& Subs.)—Earnings— Heinz Co. — of $7,000,000 on the Stevens Hotel of *51,998 p. locomotives, Vice- Approxi¬ long 170, p. 205. Hilton Hotels Corp.—Loan also Ry.) "Eighty of these locomotives remain to be delivered as to 20,000 127,175 hopper April 30, President of $300,000 a the used was common •After dend bidding the *$107,564 April, 1.949, the company obtained Six Mos. Ended Oct. 31— Metropolitan in 1980, and borrowings. Northern "Another 1.949 authorization provides for Chronicle (H. J.) New con¬ contribution addition, through loan matter Union, On $4,000,000 a LOAN—In Earnings— electric Coaches, Inc., will be liqui¬ responsibilities under its bus war¬ supply parts and service Financial Seibert, S. second-class American NOTE: 3M»% loan.—V. The 170, Gerber 000,000, and and in to 2331. foods, "New demand." Commercial Co. companies the of of $192,582 opers. Great Northern 2436. p. William Immediate How¬ used scription 1949. of motor coach building by Ford will company's production of school buses, according 170, on executive Discontinuance on —V. Bonds— Brewing Co.—Earnings—Secures Mortgage- $200,000 which the Metropolitan Motor will continue reasonable "a said that Ford and interest. be presented income opened on Jan. 1, 1950. "Upon installation of machinery, will be used by the aeronautical being dropped from the Ford line to permit car and truck production and because of "the on Edison be Gerity-Michigan Mfg. Co., a subsidiary, has been awarded a contract the United States Air Force to operate and maintain the USAF Methods Pilot Plant at Adrian, Mich,, which was are mately 200 Ford coaches receive. 1949—11 Mos.—1948 income development of new spokesman said. "It and William B. Livingston, Co., Coaches, coaches general limited market Mr. 512,060 146,475 sales Manufacturing 2326. company, Ford Motor to would by Co., Detroit—To Discontinue Bus Produc¬ tion April 30— ranties 186,070 Union National Bank, Lowell, Mass., of liquidate the three outstanding notes held by the same bank. This loan is being retired by a sliding scale of monthly payments which will be completed three years from the date will Ford Motor dated 624,050 289,227 Gerity-Michigan Corp.—Unit Awarded USAF Contract F. more 875,705 149,672 principal and interest to the maturity dates,—V. income which the number $2,399,876 382,381 *420,188 and sale from sale the 1949—Month—1948 railway p. the of Ore.—V. 3,512,288 this expected those Statesboro revenue establishment Mich.; has sold its Toronto, Ohio, plant to Kovalchick Industries, Inc., for an undisclosed amount, it was announced on Jan. 2 by Nick Kovalchick and M. A. Follansbee, Presidents of the two or¬ ganizations.—V. 170, p. 982. The the may mortgage its corporation which will have its offices at 358 Dufferin Street, Toronto, Canada. The Canadian unit within the very near fu¬ ture will establish a plant for the manufacture of a general line of Follansbee Steel Corp.—Sells Plant— President 2,488,843 *Loss. Island Dan The' corporation Production sell of baby foods was announced on Dec. 30, 1949, with the formation Gerber-Ogilvic Baby Foods Ltd. Gerber, who is President of Gerber Products Co., is also Presi¬ of in 23,485,335 p. to ture 1,903,530 $2,235,220 income oper. by 2,844,158 $116,815 Staten Staten the state proceeds Jersey. would company railway oper. 170, The 27,682,878 *12,520 railway railway •Deficit—V. 170, 1950, at Federal the 328,163 from from the first income Gerber From Jan. 1— Gross in not it the assist to railway- from from $ $1,946,588 income oper. permission exempt did which of involve would railway oper. ry. —V. 724,517 1948 of From Jan. 1— Ry.—Earnings— 1949 Sale 1946 $13.84 $4,000,000 for $20) Metropolitan to applic. to int— from baby November— Net 43,302 3,403,510 23, it was announced that Equitable Life Assurance So¬ ciety of the United States has made a loan commitment oper. The ry. 93,077 3,284,117 Years Ended Sept. 30— 4. ry. Net 1294. p. Corp. part in construction p. operating Gross Corp., 26,977,878 7,804,336 SEC par asked to amount that cumulative rev. un¬ $ 670,514 the shares, $650,000 Georgia RR. 638.447,166 577,833,423 640,437,897 579,459,725 532,486,118 635,737,075 17,823,621 27,674,344 •Net profit after taxes— Net 99.501 1950, at Union Trust Co. of Maryland, corporate trustee, Streets, Baltimore, Md., of the full redemption of Net Jersey its Net cover¬ 1947 579,606,107 633,858.425 from 55,871 Baltimore MORTGAGE Utilities Light sell Ry. 170, offering will be and Corp.—Plans asked 4 Period End. Nov. 30— 3 Subs.)—Earnings— $ Net $243,692 31,608 626,136 accrued 9. and bonds Net provisions of the Holding Company Act. nor and to Net (& 1949 sales Gross $17.40 taxes but exclusive of security trans¬ (325,000 (Including 2024. Period End. Oct. 31— •After 1,229,173 $i9.85 over 1948.—V. year & •Deficit.—V. reported Jan. on investments Net 1946—V. 1,189,823 31 Utilities Public pur¬ and 1949, Firestone Tire & Rubber Co. per 1946 105,989 income— Harvard Georgia & Florida RR.—Earnings— subsidiary, plant is especially designed compounded chemicals. new fabrics Dec. with compared as 200,000 Earns, 1947 $269,642 2225. 279,000 . Dec. ordinary investment Net corporation Common 279,000 —_ share November— Preferred and ment programs. New used 545. 2436. Net 1948 1,734,231 mortgage bonds, due 30,000 shares of cumulative preferred stock (par $100) at bidding. It would use the proceeds for construction. 302. p. its proposes Fidelity Fund, Inc., Boston, Mass.—Registers With SEC derwritten 194? 190,915 $1,498,215 Net disclose Power These 3166. $28,000,000, ing -Earnings$326,021 railway respectively, said 2436. p. The Metropolitan Fedders-Quigan Corp.—Sales Show Gain— The 21,634,501 119,406 railway p. Jan. Paul 1951, 1,975,034 stock interest did Surplus Sales 154,346,171 35,487,466 22,625,761 $316,650 railway price'plus accrued interest to — stock and be sold to struction V. below.—V. Texcol manufacture p. 47,610,260 company 102 V2 Inc.—Earnings— 1949 securities Public stock it ever, $1.16 by Harry J. Farrington, President. The 165, 177,261.671 27,029,210 1949 oper. 170, after St. 2028. $1,456,443 of 170, General shares the of Farrington Mfg. Co., Boston—Unit Expands— p. $1.12 common Corp. The Empire Steel Corp.—New Control— V. $0.36 competitive bidding shares for 1,662,396 $0.41 corporation Edison bonds, with semiannually, and to liability as lessee 103. p. share common preferred dividends.—V. 170, a 20,321,221 has called for redemption on Feb. 14, 1950, all of its $1,125,000 outstanding first mortgage 4% bonds, due May 15, 1966", at 2,384,528 shares expenses common 1, and »1949 —_ Number common shares- The ry. $8,897,722 1,G62,396 common authority to $29,291,139 $28,402,488 $23,158,784 596,603 1,457,235 1,397,519 462.770 462,770 462,770 — Net profit after taxes chased from Net Island Edison Holdings— Manufacturing Co.—Earnings— Sept. 30— Net sales See 197,416,246 199,802,441 48,412,380 51,703,266 income 2436. p. from This 2,459,781 on assets increase Emerson Electric •After 2,688,301 $15,395,618 4,645,502 2,544,504 3,550,324 Greenbrier Cheat & Elk RR.—Calls „ 1946 5,102,930 railway ry. oper. income Net 1949—9 Mos.—1948 $9,533,714 p. MONTHS 1947 5,601,385 from —V. 793,997 sale on actions.—V. first-mortgage payable obligation extended Co.—V. 22 from Jan. annum, assume Dec. on years $963,000 4 % Pennsylvania RR. •Earnings payment 1,662,396 preferred •After $1,302,238 $3.41 Commission to- extend company interest the $3,006,526 167, the of 1697. u. Interstate 19.90, with 881,695 on Net Elmira & Williamsport RR.—Bonds Extended— this 11 3.793,411 railway from Gross 1,662,396 Dividends 67,500 share—381,994 shares— per Net 1494. 1949—3 Mos.—1948 preferred dividends.—V. profit Net $1,196,885 67,500 _. FIRST 1948 4,110,176 railway Holders 173,143 $122,916 dividend 170, The 1949 p. Builder From Jan. 1— taxes- corn, General to of 170, General American Investors Co., $1,370,028 24,133 income AND to are Portland $17,689,226 November— on shares- Dividends Balance applic. —V. after per close $3,365,557 common 42,933 (net) income Earnings noon ready in and $19,608,928 income oper. 170, Gross $1,327,095 1,688 income •Earns, 3,983,938 $145,361 deductions Preferred until is Co.—Earnings— revenue— Number the Year Ended Dec. 31— Income Net taxes__ income- Utility oper. Other Net $473,599 and exps. be be $16,747,507 railway from Net outstanding.—V. Gatineau Power 1949—12 Mos.—1948 $526,866 revenues NOVEMBER 1949 oper. ry. —V. suffi¬ Co.—Pays Bank Loans— terminated was $6,000,000 in Gross 1949—Month—1948 will amounts three-year revolving credit agreement between this company and banks 30 of Co.—Earnings— Period End. Oct. 31— Southern in 2225. p. Period End. Sept. 30— Operating Colorado received to 18.—V. FOR at loss it payment of $605,625 on Aug. 23, 1946. decree signed by Judge William T. McCarthy accepted a settlement. An additional $574,375 plus 4% interest from July 11, 1944, will be paid the corporation. (New York "Journal of Commerce.")—V. 167, p. 2028. Electric the of to streamliners new in 1947, will be transferred to the run Limited, between the same terminal cities." Green Bay & Western RR.- subsidiary a expected Empire railway from Net 1,745,255 bonds Jan. final Paso ry. Net 10,969,778 4,381,524 are Builder From Jan. 1— Gross inviting tenders of its general mortgage 4V^'/e cor¬ $1,180,000 El from 39,626 railway oper. from Net 124,274 457,631 income—.. now Empire were Oriental Net $978,029 cient with 3 sought freight case Gross 1946 of between Chicago on the east and Seattle that time the present streamlined November— 1947 $1,780,450 Fruchauf Trailer the 1948 fleet new At which trains, present Ry.—Earnings— 1949 oper. from initial A $2.27 From Jan. 1— 2436. p. Denver City railway railway from Net $1,870,390. an 600,000 $2.53 another west. the on Tenders Invited— ended war and While 600,000 1951 into service go 1,364,233 $3.36 share from Net Steamship Lines, Inc.—Accepts $1,180,000 for legal fight started poration $22,353,000 1,515,215 completely new streamliners 1950. "I11 597,268 November— Loss of Vessel— A 2,011,524 shares Fort Worth & capacity a the to Net during taxes July, 1947 V EARNINGS planned Haven, Bedford 1948 1494. p. (103) "Three 1949 • $29,901,000 $29,477,000 after capital per 170, CHRONICLE automatically. corporation Danbury, Bridgeport, Naugatuck, Meriden, Hartford, Manchester and Rockville, in Connecticut, and Springfield, Westfield, Webster, Lowell, Lawrence, Newburyport, Attleboro, Taunton, Fall River, New New of Earnings was given for the withdrawal request. If Commission within 30 days, the motion will FINANCIAL income income Net of reason by the 200,000,000. cubic feet (Mass.) Jan. on Dec. on permission is granted The of motion a It action no Commission & Brewing Co.—Earnings— Year Ended Oct. 31— Federal corporation filed last summer for be COMMERCIAL remittance for foreign subscriptions and advertisements must be made in New York funds. and the 4 Oil Houston succeed to He 1. also was elected The «EC by 1667. p. by ' Net more which V. $5,960,655 with ompared 170, Nov. on 1948, 30, an of $190,486,500, of $167,562,5G0 reached of the Income equal 1949, 30, Nov. an of Board 170, 1701. : p. the of Governors Rise— $14.26 to per 'ue trust elusive. 163, from Net from Net ry. $2,643,577 $325,969 124,000 $96,345 $1.65 $324,473 $5.54 $318,811 $5.08 $201,969 $3.19 >- 404,490 253,720 268,707 298,369 81,139 JNet 30.795,436 5,311,036 2,308,168 27,119.561 4,170,719 999,943 Net ry. 4,690,465 2,148,400 income— oper. —V.-170,' p. Commerce Commission on 4 Jan. trackage the in terminal Metropolitan Chicago area maintains and Gatineau lor E. Power SEC trustee's the for with Co., a outstanding plan cash funds In for the of the sale and than more from ry. of step in This step International 6% the stock debentures of Commission required that the should sell at least $5,000,000 of amount if lie can do so Dec. 30, in a has just 170, p. The t*nd finished year-end statement, said in another record year of sales, Sulphur Co.—Merger Effective— Brunswick, N. J.—New Pen¬ sion Plan— a 1946 71,763 $258,230 115,575 98,397 3,624,810 1,763,823 .2,213,221 651,383 * $322,176 102,173 83,429 3,298,939 1,360,413 3,672.254 1,576,333 686,559 878,806 997,427 377,051 income— ' railway.— Venezuela— Co.—Affiliate Expands in 170, p. major departure from the recent pension pattern, this Dec. 30 announced a new liberalized pension plan, embrac¬ 10,000 employees and paying with social security benefits up 9,080,024 *3,448,031 *1,552,424 1,013,268 Inc., So. LaSalle Street, 123 1950, 1, Chicago, 111., has dividends due equipment trust certificates, to Aug. 1, 1961, inclusive.— 1948 1949 1947 ^ 161,868,659 190.454,622 171,169,394 155,651,086 35,081,304 29,346,002 26,739,804 19,670,849 14,081,317 14,407,717 24,545,970 11,310,365 income.— 2585. p. stock to on 1979. issue bonds, The proceeds would be used to pay off $1,000,000 and $1,500,000 notes The of offered be York New Lehigh RR. Valley for construc¬ voting. such Commission on 27 Dec. approved Canal the the Lehigh & Co., the Delaware, Susque¬ Co., and the Schuylkill & Lehigh Vahey RR. Co. into the Lehigh -Valley RR. Co. for ownership, and continued management and operation. The Commission also authorized the Lehigh Valley RR. Co. to assume the Montrose & RR. the Loyalsock RR. Co., Schuylkill RR. Co., the Easton & Northern RR. primary obligation and liability in respect of not exceeding $50,354,000 of bonds, consisting of $14,711,000 of first-mortgage bonds of The bonds of The Lehigh Lehigh Valley Ry. Co., $3,000,000 of first-mortgage Lake & RR. Erie $9,572,000 Co., of bonds first-mortgage Valley Terminal Ry. Co., $9,803,000 of first-mortgage of first-mortgage 000 with connection the of Lehigh bonds of Lehigh the bonds merger of Lehigh-Buffalo Terminal Ry. Corp. in the properties of these companies into of Lehigh Valley RR. Co.EARNINGS FOR further increase from Net from ry. FIRST 1948 11 MONTHS to declared a 50% stock dividend, stockholders of record Jan 5, 1950, common be the seller 1950.—V. 24, delivered transactions for 1947 1946 railway- income— $6,931,621 1,726,853 $6,078,889 807,557 $5,861,419 1,137,997 807,528 1,179,094 79,815 713,827 from from, Net ry. —V. railway railway— oper. 170, p. will be used 31 ruled distribution payable Jan. that until the Jan. 20 common 21, 1950, after Jan. 5, 1950 to end including 20, 1950 be accompanied by a due- Due-bills buyer. shall be redeemed on 2637. p. (Arthur G;) McKee & Co.—1949 Earnings Estimated— estimated, from data income 2437. _ 63,645,903 11.333,761 73,601.961 15,381,049 66.576,730 11,462,152 61.361,745 10.937,461 5,435,690 8,896,524 4,296,539 4,876,164 20 said in part: available, that the company's net Dec. Secretary, on Mooiehouse, R. "It: is now after an allowance for Federal taxes on income, will approximate $1,820,000, the equivalent of about 85% of last year's record-breaking net profit of $2,150,372. "The company's dollar volume of new contract work to date in 1949, as measured by the estimated cost of the plants to be built, approximates $23,000,000. In 1948, new contract work totaled about $24,000,000. Thus, with volumes of about $58,000,000 in 1947 and $50,000,000 in 1946, the volume of new work taken since the beginning of the postwar period totals $155,000,000—an average yearly volume of $38,750,000 for the four years. "Earning prospects are favorable for 1950, based on earnings that are expected to be realized on work now in process that is scheduled for completion next year. However, the outlook for new business i3 not as promising as it was at this time a year ago. "As of Dec. 14, 1949, there were 663 class B stockholders, an in¬ crease of 133 or 25%' over the number in October, 1947."—V. 170, profit 1949, for 1397. & Electric Madison Gas Co.—Stock Offering—The ac¬ count has been closed on an offering of $3,000,000 2%% bonds, 1979 series, which was made on 17 at 1007s and interest to yield 2.585% by The Mil¬ first mortgage Hall & Co. (Inc.). All but $89,000 offering has been sold, it was announced on Jan. 3, of the See offering in V. 170, p. 2026. (The) Magnavox Co.—Class A Stock Offered—An un¬ syndicate headed by Maynard H. Murch & offered 100,000 shares of class A stock ($1 cumulative convertible preference stock) at par ($15 per share) and accrued dividends from Dec. 1, 1949. This issue is convertible share for share into com¬ derwriting Jan. 5 publicly on stock. mon bankers participating in this offering were: Lee Higginson Auchincloss, Parker & Redpath; Henry Hernnan & Co.; Kalman Inc.;. Merrill, Turben & Co.; Newhard, Cook & Co.; Piper, Ja'ffray & Hopwood; Rand & Co.; The Ohio Co.; and O. H. Wibbing Other Corp.; & & Co., Co. net The and proceeds increase to are working to be used to pay off $650,000 capital.—V. 170, p. 2437. Petroleum Magnolia Co. — Sells Interest of bank loans in Gulf of Mexico Operations— J. has Latimer, President, on Dec. 30, sold a substantial interest in most L. to-the the includes of in the Gulf that the transaction held under leases. This acreage has been discovefed, and a structures. Five wells are now being drilled on which are developmental wells on proven struc¬ from the results of the drilling to date that will be made on at least two of the three untested Newmont Oil Co., it was stated approximately three of structures undrilled now in on acres which gas drilled. permits Continental and Newmont Magnolia acreage.—V. 141, p. 1278. being arrangement interest 250,000 structures property, two of It is believed additional discoveries The its operations Newmont Mining Corp. office of the half of Continental involves number announced that the company off the coast of Louisiana. He stated that the sale was made Oil Co. and Newmont Oil Co., the latter being a of "Mexico tures. From Jan. 1— Net Jan. the to 153, of Dec. on stock the ex certificates all from Jan. Exchange quoted not that deliveries bill Stock Midwest stock balance p. 6. 171, have directors The the Stock Distribution— McKay Machine Co.—50% The At $5,807,757 1,402,931 railway oper. share by of stock¬ in property subsidiary NOVEMBER AND 1949 November— Gross the value. the on construction purposes and additions. See also V. for borrowings Co. the Lehigh Valley RR. Co. of New Jersey, the Terminal Railway - Company, the Pennsylvania RR. Co., the State Line & Sullivan RR. Co., Co., Harbor York New par subscription at $35 per date of the meeting for record of ' With SEC— statement with a its authorized capital, at the rate of one-third of a new share for each shalre then held. Proceeds of the financing will be used to pay off $1,950,000 cf bank bonds,, series A, 3Va of first mortgage the properties of the Lehigh Valley Railway Co., of & & Commerce Interstate merger registration capital stock, $25 filed 30 shares 55,819 is Dec. on stockholders holders Nov. Effective— Dec. 29 received SEC authorization to competitive bidding $2,750,000 of its first mortgage due 1946 $13,748,357 $17,332,506 $16,490,013 $14,620 043 3,483,220 2.875,638 2,701.877 2,432,251 2,069,843 1,488,151 1,419,517 914,599 •. ,"t railway covering The common p. 2437. 1968, and to reimburse the corporate treasury expenditures.—V. 171, p. 5. Gross company on ing some 1947 $281,805 93,173 1948 1949 companies.—V. Net be of as Harbor Terminal Ry., Co., $8,268,000 of consolidated-mortgage bonds of the Pennsylvania & New York Canal & RR. Co., and $5,000,- the latter to go out of existence. . .. The Guaranty Trust Co. of New York and the New York Trust Co. '•fill be sole transfer agent and registrar, respectively.—V. 170, p. 2584. to outstanding debt Valley Johnson & Johnson, New 7,022,257 '*2,808,153 2585. p. Co. corporation 30, Lehigh Valley RR. Co.—Merger, Etc.— 5950, Said Sept. , agreement effected between this New Jersey corporation Lake Sulphur Co., Inc. (La.) became effective Jan. 1, merger Jefferson long-term July 1, advan¬ 2130. Jefferson Lake ending year 1— at A, bank tion production and profits. Its exports of phosphate has increased sub¬ stantially in 1949 and we have been successful .in expanding our potash eales to the export market and to the chemical manufacturers." —V. fiscal $95,007 *56,903 *76,901 railway— company sell due part: corporation The preferred 5. p. railway latter series International Minerals & Chemical Corp.—Record Sales "The any Lawrence Gas & Electric Co.—Registration and the this 42,583,700 waukee Co. and Harris, , York Curb Exchange price on for except Acquisition of all of the assets, property and license rights pre¬ viously owned and employed, by Seismograph Service Corp., of Del¬ aware in its well logging and jet perforating business in Venezuela by Petro-Tech Service Co., the Venezulean affiliate of Lane-Welis Co., was announced on Jan. 6 by Rodney S. Durke, President of both The the SEC Vsre, president, 171, oper. income— "Deficit.—V. 170, p. 2584. hanna Louis the in of $33,566,300 ry. the • Gatineau stock, that (the New price set by required be railway—— from Net called an exchange offer .at $15 per share of last Dec. 31) or would be more attractive to. the debenture holders. He said exchange differences pegged the Canadian market lihree points higher than the American market and that bondholders could receive a capital gains tax savings of $125 pet' bond under such an exchange. See V. 171, p. 5. a claimed Jackson Mr, issue according to Robert W. Otto. President. He estimated its construction program at next four years, including $4,000,000 of new the may oper. Net " «.t new authorized class of stocb is the 7,133,620 shares of $4 par stocg, of which 2,436,620 shares are outstanding. The from Gross tageously. Gatineau the Superior & Ishpeming RR.—Earnings— Net various- treasury cash. and this interim plan, Bartholemew A. Brickley, stock second International. $15,940,800 approving Gatineau a of at least $-5,000,000 of the about $10,000,000 of approved of liquidation retirement from to debentures, conditionally month last bank loan trustee, over from Net representing holders of 25,000 shares of pre¬ urged the SEC to permit common stock cf Canadian utility, to be offered in exchange International's The a 4 *66,622 43,941,309 company also has 1949.—V. 30, Lake Hydro-Electric System—New Plan Sub-' Jan on *600,728 48,707,024 5,116,075 railway—— 170, SEC for to the From Jan. Jackson, stock, to respect -Lane-Wells Percival consider a proposal to authorize stock, par $25, and also to change Laclede Gas Co November—. itted— ferred *983,828 5,110,369 170, oper.. income ry,, oper. —V. I common Gross proposed International 710,934 \ railway from preferred stock proposal, the company also waive their pre-emptive rights, under Mis¬ the program, which this 2332. p. " , authorized transaction, the line hereafter will be operated jointly by Atchison, Topcka & Santa Fe Ry., which will acquire 51% of the capital stock from Harvester; the Chicago, Burlington & <Juincy RR., which will purchase 25%, and the Pennsylvania RR. 1 and New York Central RR., each of which will own 12%.—V. 170, the the The only facilities. Under will 26 to 1946 $3,809,114 *366,615 railway from H. value tire Illinois 11 at 1947 231,094 5; Net 1950. Northern Rv. to four major rail compa¬ nies. The selling price was fixed at $960,000. Illinois Northern is a switching line which operates 11 miles of to ry. and company Interstate • authorize the new preferred stock is designed to company to raise new capital when needed to finance its $20,000,000 2332. International Harvester Co.—To Sell Railroad— The , with with that Sept. company Jan. company proposal added 24,474,626 3,226,719 .279,506 railway- from ' Preferred Stock Is¬ name. capital railway 1948 $3,849,806 semi-annually Feb. due p. from which construction 5,964 27,819,092 income— oper. from ^ in Name— on stockholders laws, enable $2,297,893 598.219 Nov. 2, '46 >' $514,811 196,000 might be convertible into common stock. Approval of 75% of the outstanding common stock is required to authorize the new preferred stock issue, while 50% approval is needed for the waiver of pre-emptive rights and for the company's proposed change 1946 1947 $2,921,349 491.080 the of ask stock From Jan. 1— Gross D, 171, Gross Nov. 1, '47 $12,000,000 preferred of connection souri to 46,193,249 I. Stuart & Net 653. p. name will and costs.—- designated to act as an agent to pay principal and Net share stockholders The $2,501,340 railway— railway construction construction *158,526 income—. Gross' from 58,000 — issue MONTHS 11 1948 1549 November— Gross FIRST for meet Louisville & Nashville RR. —Earnings— $523,473 199,000 taxes— new the per¬ These $4,150,000 November— Inc.—Earnings— $154,345 The a RR.—Agent for Equips. AND V. in¬ and Change sue in NOVEMBER FOR to February and subsequently on'the 2'Af/r series Exchange on Jan. 4 York Curb Laclede Gas Light Co.—Plans New . *, EARNINGS proceeds obtained Lowell Electric Light Corp.—Registers So. 123 in Oct. 30, '48 Oct. 29, '49 income Net profit Earnings per —V. SEC banks. Louisiana & Arkansas Ry.—Dividend Agent— Net taxes Federal La Salle St., Chicago, 111., hasdesignated to act as an agent to pay principal and dividends in February and subsequently on the 2%% serial equipment' certificates, series CC due annually Aug. 15, 1950 to 1964, in- Inc., Co. the use 1949 oper; ineome_"_. Halsey, been 111.—Listing— . & received four notes from $3,922,180 . railway railway from v - increased to share, which com¬ . International-Great Northern has 4, Jan. 341,296 railway oper. ry. S2 • Fed. before come In been to railway "Deficit.—V. listing 786,276 outstanding.shares of- common The total authorized issue is 1,500,000 shares. Years Ended— Profit increase of 24.4%. >' 107. 1950. already From Jan. 1— general corporate purposes.—V. 170, p; 2226. Stuart 15, expects from Net 1949 30, of $22,924,000 over last year. Total increase on New (B.) Kuppenheimer & Co., 30 filed a registration with the SEC covering JO,000 shares of $10 par value capital stock, to be offered to employees -of the company and six affiliated companies under an employees'. Atock subscription plan. No underwriter. Proceeds will be used for Halsey, Nov. net approved for original stock, par 33 V3 cents. Dec. on ry. Gross Rise— on Nov. 30 of of 52,941. Common Stock Fund Kropp Forge Co., Cicero, —V. 170, p. From Jan. 1— Blosser, high new a Funds ters With SEC— company announced on on 2»/.i% was loans from from Net SEC on Dec. 22 cover¬ to be sold by Dean Terrill, Keystone ten high on with -The Approved—To Retire 5 5. p. Net assets of $25,753,127 a year earlier, amounting -to $13.04 per share. During the year, the number of shares outstanding increased from 1,975,449 .to 2,113,767 on Nov. 30, 1949.—V. 170, p. 2332. America, Philadelphia—Regis¬ Insurance Co. of North The bank Gross , the (par $li assets also assets pares 884. p. the of assets new a combined $30,237,543 paid were net shareholders Net 8C4. p. $12,000,000 Dec. mature company 171, Net assets, alter deducting the $458,947 of cash to stockholders, amounted to $7,414,418, total 1949, 30, with filed was Keystone Custodian Funds, Inc.—Assets Illinois Northern Ry.—Sale Authorized by ICC— International Harvester Co. below.—V. 169, p. 1114. Nov. notification of Combined a Institutional Shares, Ltd.—Total Assets Inc.—Files With SEC— , See At The repay V. borrow to will notes +On combined class provisions.—V. 170, requirements on class A shares. under the participating City, Okla., at $12 each. The underwriter is Straus & Chicago.—V. 171, p. 5. * ' ' the 169, Long Island RR. —Earnings— letter A improvement and expansion program now is in 170, pp. 2332 and 2130. rojects. A $25,000,000 he blueprint stage.—V. 'stributoins Jan. on it company, mission t$2.09 Oklahoma part of its current borrowing on a ermanent basis by offering approximately $39,000,000 of common stock to present stockholders on Dec. 31. Total temporary borrowing outstanding amounts to more than $95,000,000, Mr. McCorkle said. . A $7,300,000 service improvement program for 1950 was announced,ec. 14. It involves building additions, dial equipmentend other' placing is 466.08Q $2.45 taxes.—V. and Long Island Lighting Co.—Loans Approved— *$0.23 ing 1,500 shares of common .stock point where further perma-" borrowing will be increased to a financing will be needed, he stated. company $2.30 Lit preferred stock now outstanding.—V. 6% of The 1948 1396. reached The 000 $16,544,311 $19,743,487 • * 183,585 1,294,829' 328,244 328,244 1 Kerr-McGee Oil Industries, again indicated for 1950" will puti short-term loans, he said. This piogram for lporary ent $3.78 approved the creation of an indebtedness of $6,000,000. Upon completion of financial arrangements which aro now in progress the proceeds of such loan will be used, together with a small amount of corporate funds, to retire in full-the $6,000,- 1 1949 shares E charges The stockholders 1964, ' — shares dividend class and $3.19 share per November— market the in r — A 712,423 466,080 Preferred Stock— to Aug. 1, 1, 1950, * Earnings per class E shares Dividend— $3,566,491 670,524 466,080 Lit Brothers, Philadelphia—Loan , Co.—Earnings— profit after taxes Number class B on construction "active firm {' Sales ated. An . Three Months Ended Nov. 30— $1.60 fourth quarter dividend, share, compared with $5.60 paid in 1948 and a prewar normal payment of $8 a year. The dividend was paid to holders of record Dec. 28. , The 16%" permanent rate Increase granted on Oct. 11 and the traditionally higher fourth quarter earnings wlil allow "a start owards normal dividend payments and a small year-end addition to"' r surplus," G. K. McCorkle,-President, told stockholders. Earnings for 1943 will be about $5.60 a share, Mr. McCorkle esti- the ; , 5. p. VKelsey-Hayes Wheel Dec. 30 paid a boosting 1949 payments to $5.20 per company 171, $3,576,564 1,099,839 payment will approximate $1,000,000*. semi-annually Feb. due I, series tificates, $4,607,067 931,018 '582,600 "After City Southern Ry.—Dividend Agent— inclusive.—V. Offer Stock— The For future service benefits, than the amount contributed Halsey, Stuact & Co. Inc., 123 So. LaSalle Street, Chicago, 111., has designated to act as an agent to pay principal and dividends in February and subsequently, on the 2 !/a% equipment tvust cer¬ "After o more due p. Illinois Bell Telephone Co.—Declares $1.60 alone. company . 1946 profit Earnings been 1950 3, the by will pay substantially employees. Annual company year.—V. 170, p. 948. Kansas Electronics Corp.—100% Stock Div.— Jan. on company a voted an increase in the authorized capital stock, $1 par value, from 1,000,000 to 3,000,000 shares. , A stock distribution, in the nature of a stock split-up, of one hare of common stock for each share presently outstanding was Iso voted, payable Jan. 25, 1950 to holders of record Jan. 12, 1950.. rectors authorized the transfer from paid-in surplus to capital ot 1 per share for each share of stock presently outstanding. ■. A special meeting of the stockholders has been called for Jan. 21, 1950 to approve the actions of the directors. Stockholders of record t the close of business Jan. 12, 1950 will be entitled to vote at; he cpecal meeting.—V. 170, p. 1699. directors borne will the . Hytron Radio & The be 000 filed a registration statement with the of capital stock, which will be under¬ Bonbright & Co., Rochester, N. Y.—V. 169, D. B. George "Net 1947 $4,842,134 sales Net ' " 1948 * 1949 Dividends Total Jan. 3 shares corporation on 200,000 covering written lower ' Years End. Oct. 31— of average earn¬ depending upbn salary range and term of employment—those in wage and salary brackets receiving the larger percentage. expense of this retroactive feature, costing more than $3,000,- ings, Inc.—Registers With SEC— Howe Plan Fund, Leslie Salt Co.—Earnings— ' to 65% better than 40% from range "... , . will effect on Dec. 31, annual earnings, which went into average Pensions ; . of 1949. companies on both companies.—V. 170, director of a 2130. P- 65% to Co., Houston Pipe Line A. Hill, Jr., who died in November. assumed his new duties with the two Decker Mr. Jan. its subsidiary, and Texas of Co. George 1 Monday, January 9, 1950 FINANCIAL CHRONICLE & COMMERCIAL THE (104) the - to acquire • a ". '• •' ' 171 Number 4871 Maine Central RR.—Earnings- Period End. Nov. 30— Operating revenues Operating expenses 140,565 Equip, rents facil. /306.828 {Dr)____ 22,363 2,379,250 175,980 29,821 253,878 Net 149,039 income- ry.oper. income Other $130,811 $255,447 $1,986,282 $2,260,487 10,614 10,765 125,102 124,744 $266,212- $2,111,384 $2,385,231 105,807 "1,179,474 CHRONICLE (105) ry. 1948 1947 $149,946 $153,900 82,960 33,304 56,089 10,368 32,665 10,968 34,117 income— oper. Six Months Ended Nov. 30— 1946- $220,269 39,056 Net railway from railway ry. oper. income— 1,14.5,939 Net —V. 170, p. P 2,046.185 2,148,023 457,065 761,526 427,27*./ 126,703 295,990 145,345 1,610,2^0 Number 1,324,131 Gross income •_ $141,425 etc.— 103,533 Net income 170, p. 2585. — $37,892 ___ $160,405 $931,910 $1,239,292 t Metropolitan Edison Co.—To Increase Capitalization— The stockholders Feb. on 21 Gross .will 185,000 shares Mexican Gulf E. L. Norton, Well No. This well 11 The 4 171, in the erection Frasch of process Province i meet plant a The completion Veracruz, of . the cumulative to _be is it by filed expected to 30 by that amendment. the for property.—V, the shares Subject will be headed group to offered by Paine, .equal be before production 169, ' 105,188 46,884 4,287,779 1,855,085 3,822,301 862,332 938,288 invited bids certificates, semi-annual received 'at from from Net ry. 1,600,987 730,686 Gross The and to Net ry. St. in Louis, Mo., 10, 1950.AND 1949 . at to 11 Stone. & Webster Securities Corp. Proceeds from the sale of the t together with other funds, will be used to pay a demand note $2,444,000 which will be given to General Telephone Corp. in pay¬ ment of the redemption price of 24,456 shares of Michigan Associated's and company, Middle preferred, to be stock redeemed South which in held are January.—V. 170, Utilities, Inc. Period End. Nov. 30— now the by 1948' 1947 1946 $7,697,291 $5,859,562 $4,949,253 1,781,011 2.079,258 1,214,061 1,039,219 763,734 846,271 391,511 344,921 in - of - 69.160,583 75,784,636 62,216,418 18,046,759 6,951,843 20,162,770 13,520,199 10,875,346 8,403,741 4,755,504 3,917,098 income— Net Operating Rent for revenues & lease of Net 1949—12 Mos.—1948 $24,720,836 $22,539,532 20,389,046 18,681,203 78,591,606 371,250 357,205 to other . $4,235,790 $3,769,079 101,148 48,578 (net) income Interest ry. —V. $95,915,583 $89,120,757 $4,336,938 — public Gross $16,952,727 $14,948,063 Net income Net from ry. Equity of in net Middle $3,072,534 $2,747,205 400,385 4,967,619 •Equity 400,386 1,601,541 18,703 20,325 144,396 South $2,326,494 $10,509,994 $9,177,766 Utilities, Inc. in inc. net of subs. from South Corp. $783,192 $511,096 344,293 422,526 232,863 33,163 109,224 181,254 64,265 . railway.— 5,265,897 7,839,525 1946 \ 3,778,700 1,418,647 1,576,126 . the proportion of earnings which accrued to Power Net 1949 ry. —V. 1946 • This stcck stock, par Exchange $1, 552,861 579,162 69,469 69,468 166,805 166,805 166,691 $1.92 $1.74 $1,83 Net ry. 69,581 ' r admitted was to unlisted Gross $1.05 ' sales and Oct. oper. 29, '49 Oct. 30, '48 Nov. 1, '47 $ $ 292,795,296 " rev. 153,569,492 84,065 paid 2,587,741 2,889,017 1,150,006 169, including dividends received from English ry. Gross subsidiaries.— 1949—Month—1S48 $6,940,033 revenues Uncollectible oper. 1947 oper. after —V. railway oper. income___ 52,182 68,069 47,265 Net ry. 25,599 rev._ 18,726 . $6,914,434 revenues— 19,353 28,331 19,904 210,544 $6,300,061 $74,841,923 1,967,677 1,793,816 Net from On 692,586 8,085,382 $712,103 $7,016,413 $6,989,161 472,901 530,738 5,137,995 the 7,671,518 $652,636 5,192,123 59,740,128 52,485,455 551,667 536,319 Net ry. 155,558 206,041 ..... 230,270 —V. income— oper. 170, 2227. p. ' ■ Gross from Net from Net ry. railway- from from Net ry. 1946 $1,942,091 $1,620,701 has John 793,318 474,577 460,250 256,108 415,530 192,887 103,107 2.154,191 2,820,388 1,999,726 1,971,529 441,040 1,034,457 246,975 506,061 95,364 709,674 142,872 955,037 . income— 2586. Ontario & Western Ry.—Earnings— $10,809,429 $13,891,926 1,547,214 — 1948 1947 1946 $667,518 $607,767 $638,559 66,887 94,262 •37,836 *2,769 *46,468 *14,559 *186,274 *131,379 . , railway railway— 6,203,640 - \ ■ ' ' Judge *165,918 *1,490,837 . Simon Rifkind H. M. had because been to the of on an as illness railway in stated take to Total 289,309 600,000 Total expenses $4.68 ings all (& Subs.)—Earnings— 1948 ' 1947 retirement in court the taxes. that set just new closed respect. records.—V. was $4.63 $ said for bids for tnis than more debt should purchase of the bo road In assets $0.59 greatest in the history Jobs, pay, production, 170, p. 1601. sales of 1348 1947 $2,288,450 $2,001,172 283,946 306,960 296,240 $1,844,962 $1,981,489 $1,704,933 833,536 1,521,503 tl68,787 1,873,477 1,980,512 of 1,412,851 - security profits and losses. of the with fiscal Fund, the 425,512 in against $12,387,406 and assets tProfit.30, Nov. outstanding. 3,725,236 Accounting for about hall this ended year shares 3,781,279 $31,032,167 and earn¬ of and 1949 $2,128,908 (net) close $32,384,416 2,582,274 $4.16 the At , 121,556,012 Investment the railroad He be in his hands by noon Jan. 31. Samuel R. has previously indicated he may submit a bid operate the line.—V. 170, p. 2438 loss paid •Exclusive charges and income taxes. every for Conger, claim. income security Distributions 1946 $ $ $ ,$64,193,360 302,860,264 250,262,581 26,229,930 20,132,954 18,097,697 in A. $7.88 *Net NOTE—The year corporation Edward Attorney, told the Court Treasury Department to call the against income 800,000 -1398. $6.04 Judge a«»- under asked builder, and over 1,040,0Q0 " share. of Court now New York Stocks Inc.—Annual Statement— $1,468,129 share per District S. should part subway by claim administrative Oakes or requested Federal a 611,984 earnings U. in hearing on the sale of this railroad N. Oakes, Counsel for the trustees, a Elbert presiding over the case. Cunneen, Assistant United States $935,230 1949 6,736,568 531.747 *1,107,715 2.508,129 taxes paid 7,684,455 521,703 *835,504 Sale Adjourned— on 4, 7,358,132 502,957 *664,245 income been he whole income on 1949 $562,321 . income $1,000,000 1948 ; per •After $1,438,217 552,737 income railway railway 18,603,581 16.717,832 13,227,709 3,235,816 4,329,941 4,299,411 1,402,412 1,271,555 1,977,277 1,712,738 271,943 ___ income oper. 170, 17,452,817 Nashville Chattanooga & St. Louis November— Gross 2585. p. & Sault Ste. Marie Ry. Earnings . November— Gross from from ry. 1949 railway- 1947 1946 Gross shares 1949, This Nov. at managed-for-generous-income than more and assets 6,951 8,000 holders is Diversified on with Nov. before.—V. year with 1948. series, shareholders a totaled compares 30, the assets of this corporation $3,219,581 $2,643,026 Net from 486,403 834,168 621,681 Net ry. 151,292 211,498 367,150 * 433,576 Gross from from Net ry. railway— 171, 33,043,490 p. 30,053,751 26,013,337 6.274,473 5,603,036 3,226,827 2,074,922 ._ 34,146,344 5,861,04.8 railway.; oper. .income.. 2,538,700 2,029,251 1,128,881 The stockholders on stock, on par proposals Profit-Sharing Plan. to also the V. Employee 171, 308,603 201,079 508,850 . .. • . 29,404.312 170, - $16,- 30, 170, 1946, p. 693. p. 32,615,372 28,587,289 6,078,867 5,999,018 4,465,924 26,638,882 1,076,702 2,973,046 . 2,635,271 1,606,664 p. 6. Pension Plan and the Charles of Fran-Tex, year's '. market. lines study Gerli, Inc.,' of the Many of Welding Machines Co.—Earnings— 1949 , 1948 $120,745 $0.32 available to President, announced on Jan. a wholly-owned subsidiary, as distribution the 1948 1947 1946 $409,088 119,583 $405,808 $351,746 141,985 Net ry. 34,528 81,455 33,234 2,315 4,158,686 4,627,541 3.865,431 3.769,872 828,974 1,329,219 1,067,531 872,863 187,019 481,792 238,471 45,096 railway railway oper. income *88 , From Jan. 1— from Net from Net ry. railway, railway oper. income •Deficit.—V. 170, 2586. p. 2585. Electric L. from 563,756 $188,807 ■ $0.49 principal Fran-Tex and of French French are textiles textile mills styling for the 3 the in the corporation,, one of the largest completely integrated electri© operating companies, was formed on Jan. 5 when the consolidation of three principal subsidiary companies of the Niagara Hudson Power •System became effective. The new company will provide electric and gas service throughout a large area of up-State New York, which haa the population Electric formation the' result of f&, American Light After a making their American market. are Niagara Mohawk Power Corp.—Consolidation Effective This a National Mallinson Fabrics Corp.—New Unit— - Net RR.—Earnings— 1949 $371,600 60,712 from Gross profit after taxes, etc Earnings per share. Jan. approve, $2,447,171 •22,393 Stock Increase— 10 See 516,830 ; —V. 170, p. 307. on 11 will consider increasing the authorized cents, from 1,050,000 shares to 1,500,000 shares, of which additional stock the company plans to sell, through investment bankers, not more than 250,000 shhares. They will-'also common $2,930,649 Net . Minute Maid Corp.—To Vote Gross 625,680 Year Ended Oct, 31— 6. November— 1946 376,551 income. National 1947 $2,972,244 income •Deficit.—V. Ry.—Earnings— 1948 653,509 railway railway oper. New York Susquehanna & Western $2,667,584 from $3,223,101 income.. railway railway oper. 641,883 From Jan. 1— Net ry. 1949 From Jan. 1— $2,960,982 _ railway oper. 1948 - from from Net Minneapolis St. Paul vote taxes sales i.Net —V. income Earnings 1947 12,535 Jan. Rosoff, 1949 . income income 170, p. ■'Net $1,758,293 railway-. oper. Net Net other Federal , 1948 75,626 1946 $184,764 - Gross Net and Years End. Sept. 30—' 130,831 From Jan. 1— —V. 1 Nash-Kelvinator Corp. 'Net 1949 4,386 oper. attention Net . Minneapolis & St. Louis Ry.—Earnings— November— 59,291 income— treated ' 351,347 * 49,331 adjournment who 2438. before Earnings 1,528,711 442,624 3,472,263 Years Ended Nov. 30— —V. railway.,— railway—— 3,082,675 2,280,773 1947 journed until Feb. 1 • $67,146,134 4,895,372 739,678 ■ charges Dividends 14,042 1,781,833 from 2,811,581 1,925,797 $187,415 Hearing $67,356,678 280,272 . 5,522,120 — — — income..— 170, p. Net From Jan. 1— Gross 2,194",142 2,471,487 1948 Co.—Earnings 1949—11 Mos.—1948 $6,318,787 $75,122,195 (F. E.) Myers & Bro. Co.—Earnings- 35,225 from 2,307,296 from ry. Mr. $134,335 Net 221,537 6,832.469 railway from Net 1946 $170,208 326,930 6,835,515 107,032 reorganization. Operating Prolit 1948 237,883 $277,188 •Deficit.- Mountain States Telephone & Telegraph Federal $209,457 1946 ■ 35,562 oper. Net 1454. p. Period End. Nov. 3G— the 1949 245,516 From Jan. 1— 1950. $177,551 $579,908 202.383 7.168.541 from-railway Net $5.26 -Net railway____ 1947 $565,985 1949 p. from 1,000,000 $3.61 Operating Valley RR.—Earnings— from 1948 246,889 6,432,795 railway railway 170, Gross 2,104,39.3 Years Ended Oct. 31— November— Ry.—Earnings— $696,181 . oper. Net $3.23 Net sales Gross 10. Connecting RR.—Earnings— New York .. . 1,500,001 is Midland Jan. on 13,752 income— November— SO.10 1916. v. that Algonquin hearing $192,489 from ry. J $ 800,003 being issued on a share-for-share basis in exchange voting trust certificates for the class B stock, par $1.—V. 170, for the for 130,249 from Net Nov. 2, '46 296,122,859 286,072,041 1__ Net on declaring matters 2586. oper. Net cash com¬ & trading order an the From Jan. 1—* , Corp.—Listing, Etc.— Jan. 3, on development of Algonquin to the in the operation of transmitting railway—. railway—. from that Curb be planning $567,983 income— p. ' expenses common reqt csts from Net $8,309,388 361,804 166,805 taxes York and 1949 oper. 170, Gross v; Operating The the scheduled railway railway from 1947 $12,486,851 1702. Operating New development franchises. 6. oper. ry. 69,468 share__ com. p. •After 6. States Petroleum has from Net 604,476 dividends per 170, $5,712,523.—V. Middle NEGEA also November— 1948 $12,779,457 $12,951,221 Earnings of subsidiaries accrue to Middle South Utilities, Inc. after April 30, 1949, and the equity of the company in such net income included in the statement for the 12 months ended Nov. 30, 1949, was p. services to initial engage Asso¬ defray From Jar.. 1— Forging Co.—Earnings— _____ volved. 171, to additional railway railway from Net in V. Light period in¬ the Fuel legal and shares and used be commerce, from Net 863,531 . Earnings per share the is in to 250,000 Gas a p. 5,497,004 3.909,960 403,100 charges' Utilities, held that time to subsidiary. 171, 2,466,517 7,586,848 1,939,113 . income—,- •Income after taxeS and $2,436,008 by the parent companies—i.e., Electric Middle South Utilities, Inc., depending upon or $734,920 dividends Dividends surplus engineering the November— * $ Net Inc. was organized May 27, 1949, and the income and expenses of the company for the ended Nov. 30, 1949. The comparative statement of consolidated income of subsidiaries has been included only for com¬ parative purposes. The "Equity of Parent Companies in Net Income stocks —V. —V. 71,000 earned proceeds obtaining able this at that Eastern the (John) Morrell & Co. (Inch Domestic Subs.)—Earns.— period Subsidiaries" its Gross 1947 160,079 ' — Common 26 consolidated be sell and. with interstate Commission Gross profit. —V. 147,880 taxes:L_ authority of Algonquin , 1948 $2,654,914 income income to shows : $2,653,446 . for $1) 170, p. 2585. Earns, 1949 _L____ carried months' mon income railway...— sales 1.468 Federal •Middle not The 1— oper Net Inc.: — statement 1 $404,060 railway.— from Preferred ___. lor Balance of 1949 . railway—_ Net $2,653,446 Utilities, deduction Provision three - Years Ended— — of is 158,797,336 40,144,635 33,336,519 19,416,501 17,683,980 24,638,941 Years End. Oct. 31— 127,443 ___. Other 180,727,928 . Moore Drop 1,601,544 Total Expenses will New York _____ of Middle income 2,112,210 156,738,034 202,243,879 13,147,927 from ry. —V. $12,255,931 $10,906,753 Three Months Ended Nov. 30—- Other 3,386,430 1,873,863 income— Jan. Net 4.191,259 mi¬ parent co.s inc. of subs. South 3,557,507 issue understood and stated is in of (lull ______ Portion applic. to nority interests 1,070,452 it system Accordingly, 2227. oper. From Gross ____ requirements) 4,834,233 49,890,713 from Net 149,949 $3,817,657 $17,223,550 $15,098,012 1,264,404 - connection gas amounts Monongahela Ry.—Earnings— 270,823 in pipeline tribution $14,915,468 2,252,734 27,370,098 p. SEC (par it will be necessary to sell large stock to the public. With such public dis¬ great majority of its stock, it is contended that neither NEGEA nor any other of the interested parties will control or exercise a controlling influence over Algonquin or its policies. 1946 1,458,612 railway..!.. oper. Net Pfd. divs. to public 1947 2,745,841 income— November— and deductions (net) 1948 railway-—— 170, the to stock desiring such service. New Orleans Texas & Mexico plants income income the point where it ; 96,000 Gross from application acquire thp balance), of investigations and of incurred 73,815,489 89,250 taxes (net) Other 1949 railway...; from made will 'natural railway.— $15,394,940 $19,308,806 $17,197,241 oper. Net exps. Operating ry. Gross Subsidiaries: Operating from Net Subs.)—Earnings— 1949—3 Mos.—1948 Englaind cost of From Jan. 1— (& New the 2333. from has Algonquin proposes to its capital stock (it is ciates 55,399,136 November— 2227. p. Association to 125,000 shares of capital Transmission Co. for $125,000. However, Gross other corporate Algonquin company was organized recently for the purpose © 1 building or participating in the building of a pipeline for the trans¬ of natural gas from points in New York, New Jersey or Con¬ necticut for the supply oi natural gas in New England to gas com¬ panies in the. NEGEA system, subsidiaries of Eastern Gas and Fuel Associates, The Providence Gas Co., and various other gas companies or Missouri Pacific RR.—Earnings— parent used for development and 900. p. The MONTHS railway— p. be to are 157, ■ • proceeds acquire up Gas ... FIRST $6,360,857 income oper. 170, This to be secured by two 1,500 h.p. Diesel-electric than $2,062,500. All bids and of cumulative net New England Gas & Electric Association—To Acquire Interest in Pipeline Firm— mature are nine less company Jan. on 1950, railway...— from —V. Curtis & the 1, agreement grants the underwriters an option en¬ 1950 to purchase a further 100,000 shares at $1.25 mission railway from Net by the SEC, the public in January etock, €% ; underwriting titling them during per chare. 567,383 From Jan. 1— clearance Webber, Jackson of Feb. which not NOVEMBER railway oper. 170 , pre¬ The purchase from it of $1,650,000 and costing (CST) FOR ;; November— the dated passenger the office noon for be to instalments Diesel-electric EARNINGS Gross company.—V. scribed. 3,200,507 1,204,388 • has 12 .o'clock 2315. p. Registers With to 81,389 income— trust h.p. must consider a underwriting an in SEC later $319,112 177,597 97,059 l;322,64o 2585. p. by stockholders of record Jan. 10, .1950 are to be offered rights to on or before Jan. 28 for 500,000 shares of capital stock $1.25 per share on the basis of one new share for each four shares, held. Offering is being underwritten. Stockholders who are resident in the United States will receive share warrants which they may transfer or sell within the time < company 4,500 the subsidiary of General Telephone Corp., on Dec. 30 a registration statement covering 50,000 shares of preferred stock (par $50), the dividend rate and price company, $382,135 200,041 3,774,988 railway.— oper. equipment of Mexico. opinion month and $395,237 130,713 108,101 railway 170, Net with $372,325 road-switching locomotives, Michigan Associated Telephone Co. This ry. $1.66 tRevised reserves. at 1946 Missouri-Kansas-Texas RR.—Bids for Equipments— the this 1947 purposes—V. SEC— filed Net —V. reserves. this on of 1948 6. p. the in acreage the will company the for announced additional materially, to the of the by large a add plans up sulphur shares—V. Jan. on concessions up will directors speeding of their on 215,000 from Sulphur Co.—New Well— President, proves engineers and to from Net , from 1949 income— oper. * - and subscribe From Jan. 1— consider a proposal to increase the stated capital applicable to the outstanding common stock from $12,323,400 to $16,323,400; also 'increasing the authorized preferred stock ry. 226 138 $1.23 taxes Negus Mines, Ltd.—Rights to Stockholders— Gross-from .railway Net from -railway.* Net charges, The Missouri Illinois RR.—Earnings— 2227. 226,138 shares 56,893 * November-*-: •—V. t375,778 share per 1300. p. 261,948 $9,945,263 279,076 _______ capital •After 1948 $12,476,603 •Net income ' Rentals, 'interest, 1949 sales Earnings from 5 COMPARATIVE RESULTS FOR HALF YEAR 1949 From Jar.. 1— Gross Net Net it'* i' i FINANCIAL $190,010 from railway. from.railway Net 319,802 . & November— Gross 2,385,244 32,060 25,824 (Dr) rents 1949—UMos.—1948 $2,356,464 $22,161,616 $24,442,755 1,742,005 17,366,226 19,328,183 1,479,414 COMMERCIAL Mississippi Central RR.—Earnings— - 1949—Month- -1948 $1,809,674 ____ Taxes Jt. THE ■ ■' J , Volume a 2,800,000, Central Corp. and New that and for. and been Power served Corp., by and Buffalo New Niagara York Power -. extended the holding company,'were Commission has York . hearings consolidation, as of Corp., the SEC. over ultimate several years, plans dissolution of Niagara appioved by On Nov. 4, the 1949, New York for the Hudson Public Service the District Court oi the ' 6 (106) Northern tion of New should plans the holding York become issued that the 5, 1950. The dissolu¬ take place early in 1951, to acquire directing the Niagara name Hudson Corp. Tne System, which consisted of 59 companies when it was organized 1929, will then have been simplified to a single operating company, in with Net the and St. Lawrence Mouawk will Power have Co., The plants with rated of capacity cubic 73,000,000 feet. have the in customers been signed. Niagara Mohawk plans to expend $65,000,000 in. construction projects other additions to its electric and gas facilities before 1952. This and addition is in will Dunkirk in An 1950. add kilowatts 160,000 kilowatt 80,000 the company's to addition the to A total Oswego capacity J. Niagara Machoid, Mohawk Ellisburg, N. Syracuse, Y„ 171, Chairman and of the 7. p. 683,379 $4.38 "$1.67 $290,843.—V 170, Net Net ry. stock thirds be of the total has in the been spent, 1951 and part of and the number of The shares determined.—V. iy50 precise be to 170, The will be of re¬ which at offered right its Power & Light Co. Net additional the proposed ry. have not shares Reinsurance Star fire the been yet the largest professional fire reinsurer in country's second premiums written, announced by Writings for volume written 210% year premiums written by Star, increased As of the Sept. 1949, 30, of abcut $13,000,000, terms and of the increase an 1948. North Star's 1948 constituted year the net writings totaled of The "North such than North capital of $1,300,000 and reinsuring with might, North North Star of hail Star which its began business Insurance founded was J. resume The In Co. in in 1890, department." York New 1934, American merged was City in 1925 as Colony Insurance Co., North Star. In April, with changed to North Star Reinsurance Corp. There "On from Net ry. railway $609,114 75,086 $476,327 "4,246 19,498 658 domestic from Net from Net ry. railway ",ve "Deficit*—V. 171, Pan sales •Net Common Earns, dividends Pan per "After Officio! and all on 50,000 175,266 140,213 140,213 Edison Service Co. is and now letter the to common in substance: initiated to terms on Ohio The merge to U. P. be early Ohio in and 1950 Public subsequently Commission an exchange offer, on comparable stockholders of the latter company., common Service determined the proceedings necessary Co. into subject Ohio to will be Edison approval Co. The by The the of its Ohio Ohio held. The the exchange will of stock to offer clock common issued. To Ohio Co. such will expire assume Co. on Feb. on payment 28, cash of surrendered for whole per shares in share of Ohio be Ohio entitled, be such of will share taxes Ohio become shares of .549 stock common additional share. The Co. Edison the Co. exchange. E. The President Burger, Ohio Edison Public Co. He and Service has also Chairman Co., has been of been the elected appointed board of directors director a Chairman of the of of Ohio Executive Committee. The Ohio Co. on the Public 2,000,000 of p. Dec. common 23, Service 1949, shares stock at of Co. became which- time Public previously subsidiary a the Edison of Ohio Edison company acquired outstanding 3,000,000 shares by Cities Service' Co.—V. 170, to owned that November— from Gross Net Net 1949 from ry. railway railway oper. < . income Net from Net ry. oper. $96,301 $56,923 $69,211 30,867 10,122 16,854 *1,743 13,326 2,324 *447 893,906 1,008,224 723,787 211,905 840,359 45,8G0 42,721 318,896 "Deficit.—V. 170, p. 86,978 2228. 401,208 116,112 251.581 1946 $118,771 43,089 22,749f 27,243 11,108 16,681 16,596 1,982,970 2,835,COO 2,337,161 1,557,095 504,154 823,026 751,666 304,502 318,732 386,518 552,495 186,763 income — income 1949 1948 1947 194G railway railway... $479,371 $799,791 $578,527 $447,358 80,249 279,208 148,110 ry. 70,006 income 71,433 160,799 105,867 60,305 6,756,351 8,082,758 2,804,170 6,227,192 4.365,795 1,403,544 1,596,537 <<487,618 1,040,151 1,796,553 1,084,281 460,415 oper. From Jan. 1— Gross from from ry. —V. railway railway income oper. 170, 2439. p. Portsmouth Steel See Detroit changes that Pan filed were American in A Wilmington, outgrown the South and Central its two r' 20% years Street The China in sold ago National of interest1 30% a Journal.")—V. Plan — all its Corp., Inc., 171, 7. p. Balaban 30, said: 1949. It was and in company, accord¬ approved it consummated was than more two who will the be President termination A theatres, required He described of the theatre new com¬ joint interests with certain by the consent judgment, was the in this regard made progress In the in 3,263,276 accordance 11, 1946, the plan Paramount would the each Pictures have exchange Corp. 3,263,276 with and shares present of holders. treasury would be issued reorganization. to such and that out both television, Angeles the the and well as Mr. Goldenson a companies new picture new television in B. See station the also 171, the field KTLA theatre p. for They pointed in Laboratories, new V. prospects in active DuMont and the bright. were be having Allen interests, having Station WBKB in Chicago. that stated would company interest 29% other as and other bids Inc., and Co., L RR.—Equipment Trust The V. of Y. issued 7. Co.; Corp.; to to received, Lehman also Brothers under proposed aggregate provide cost not members Of¬ for 2 Vis, viz: Harriman, Ripley (jointly), 99.442; and Salomon issue of principal for less new than Philadelphia the $20,820,000 amount of A. G. the underwriting Becker & Co., Inc.; Gregory & Weeks; Merrill & Co.; & Co.; the first certificates, are trust these standard-gauge $26,025,000, Plan, certificates railroad consisting of are equipment 193 Diesel- ' of Son, Lynch, Inc.; group R. W. Pressprich Equitable Securities (Inc.); Hornblower & were Blair & Co., Inc.; Harris, Hall & Co. Pierce, Fenner & Beane; Otis & Co.; Phelps, & Co.; First of Michigan Corp.; Free¬ Hayden, Miller & Co.; The Illinois Co.; Wm. E. Pollock & Co. Inc.; William Blair & Co.; Ira Haupt & Co.; McMaster Hutchin¬ son & Co.; Mullaney, Wells & Co.; Rand & Co.; Singer, Deane & Scribner; and Thomas & Co.man L. F. of of Park, on and that investment an as the intention the of company. the stock the the of has expressed been depressed intention stockholders Street, is being Philadelphia, large basis acquired of the to Pa.—V. less than $13 per management. formed by 170, Warren Casey, A. 2066. p. Co.—Merger Effective— by both arrangements of the manufacturers made Acquisition cash has company 111., announcement milk will of Solar-Sturges Mfg. Co., dairy cans, according to companies were approximately strainers continue division of and to all Jan. on completed Melrose joint a 4. over week a on ago Steel a $1,000,000. dairy cans for more industry in its new status purpose this serve Pressed Car Quaker Oats Co. Co., Inc.—V. 170, than as an cans, 80 years, operating 1638. p. Secondary Distribution—Lee Hig- — ginson Corp., offered tion in the counter on Jan. 3 a secondary distriba- a block of 2,000 shares of (no par) at $104.25 per share, with a deal¬ concession of $1.50 per share. The offering was over¬ subscribed. member The New York Curb participation.—V. 170, Reliance Electric & p. No. 1949 sales shares common "After authorized 1948 1947 $20,260,803 $23,141,728 $18,114,688 1,462,991 1,617,268 1,536,314, profit tEarnings Exchange 1401. Engineering Co.—Earnings— Year Ended Oct. 31— p. as market stock common per *200,000 and taxes. fAfter 200,000 $7.02 share common charges $7.78 preferred , 195,721 $7.53 dividends.—V. 170, 1500. Rutland RR.—Earnings— November— Gross from Net from Net ry. 1949 1948 1947 $442,898 $501,883 30,156 $473,031 17,336 $432,666 35,465 *13,748 *21,967 *43,870 *24,872 5,032,148 5,826,942 5,317,974 4,696,262 137,574 602,159 44,193 188,991 *397,841 65,819 *554,928 *234,090 railway____ railway oper. Gross from Rothschild Net from Net issued a no incorporated 171, p. 8. Net Certificates locomotives. Other & The suit Pressed Steel Car Co., Inc.—Acquisition— Los 99.13. Certificates, second income 1946 34,338 From Jan. 1— were Hutzler, the was alleges that the corporation has sold longer! in position to carry on the pur¬ Virginia State Corporation Commission. As a result the Potomac firm incorporated as a domestic corporation under the laws of Vir¬ while also continuing as a District of Columbia corporation.— Inc., bid of 99.434. Two rata distribution ginia, company Stuart Inter¬ state Commerce Commission authorization, $10,620,000 2V4% equipment trust certificates, series Y, at prices to yield from 1.30% to 2.525%, according to maturity. They will mature $708,000 annually Jan. 1, 1951 to 1965, inclu¬ sive. The banking group was awarded the issue Jan. 5 a Court Chair¬ existing assets of the company have a current equal to approximately $17 per share, whereas the value view Chestnut is was shares Eaton, suit new carry that value of fered—*-An underwriting group headed by Halsey, & Co. Inc., on Jan. 6 publicly offered, subject to on it to committee "Net Pennsylvania is stated the pro 3.000 District S. became were companies for the coming year new Federal Cyrus The merger with and into this company of Braddock Light & Power a wholly-owned subsidiary, became effective Dec. 31, 1949. Formal approval has been received by the companies' stockholders, the Federal Power Commission, the District of Columbia P. U. Commission and The er Balaban Mr. two in and Co., stated: tions." Both suit holders Balaban Mr. cancelled, thus reducing the capitalization of the predecessor corporation and the two new corpora¬ the representing about filed company Theatres, Inc., certificates of interest stock of Paramount Pictures Inc. began to purchase shares in the market. On Dec. 30, 1949, 1,057,720 shares stock in common the the Solar-Sturges, which has supplied the dairy industry with milk that after Paramount of with common held were shares Nov. its of of United case "On announced Theatres, Inc. outstanding have Potomac Electric Power months of stockholders Corp. against assets, which liquidating 1421 company, pictures new theatre is market Reorganization Dec. on a new a physical for share in to the plan of reorganization Mr. dissolved was above. common Steel Ohio, complaint in management interest announces that Pictures Corp.—Physical Properties Acquired Corp. man, and William R. Daley, Treasurer, seeking a of the company's assets to its shareholders. It filed against the company in the past fortnight. This also 29 Cincinnati, It Inc. Inc. schedule. stock of group Portsmouth at has were reorganization that Steel Stockholders' Group Files Suit— been consummated. that various Fenn income___ of Paramount common 1946 37,553 railway railway the (-'Wall Theatres, plan Balaban United electric $92,187 from Net "highly satisfactory." as estimated From Jan. 1— Gross in series 1947 1947 $232,562 23,697 from is Simplification — 1948 $204,100 Pittsburgh & West Virginia Ry.—Earnings— date." being Ry.—Earnings— 1948 had Goldenson. installment above.—V. 170, p. 2132. Oklahoma City-Ada-Atoka This economy."— 7. 50,876 November— Gross Inc. about President, Pictures ahead of well Control—Exchange Of¬ Made—Merger Proposed— See Ohio Edison Co. Airways, Inc. Pictures, announced Bros. fer but announce co-owners & Ohio Public Service Co.—New expanding an p. 170, p. 2228. from airline, to the Chinese National Govern¬ Originally, Fan American had held a 50% Paramount the Leonard Service's 2586. 19,000 shares left.—V. 171, 1949 oper. Net entirely in Its Clippers now fly to the Orient, South New Zealand, Europe, the Middle East, India, Altogether the Clippers serve 64 countries Nationalists. by with pany, Co. on Service Burger Chairman of Executive Committee— R. ry. —V. he fractional payable Public line, Paramount before Edison otherwise otherwise transfer of Onio Service lieu and Secondary Offering — $193,800 railway railway.. from Net materials, has disposed of corporation happy of stock common fractional would payment stock any of he Co. fractional any 104,593," by the stockholders on April 12, 1949. Although the consent judgment in U. S. vs. Paramount provided that the reorganization be completed by March 3, 1950, I am a exchange. common multiplying by would one of share for addition, Public No for which a it to Co. holder by In which Ohio each its of Service exchange, $31,875 of at Public The for cent a shares of 549/1000ths surrendered owner. for to of stock cash Edison make price transfer stock of the stock will the and common Ohio u of offers arrived Ohio each shares compensate based delivery of number by $31,875 his 7/100ths number The owner common Edison share of Edison common the whele each surrendering Edison will any plus exchange for Ohio Co. issue shares for issue, payable will greatest number Co. Service Co. surrendered offer stock common the to exchange Public Edison equal the in publicly ure 1950. share in this Mr. necessary approvals of such Commissions have been obtained the exchange offer now being made to the holders of the remaining 1,000,000 shares of common stock of The Ohio Public Service Co. Under of commercial a "Paramount SEC. The of which high reached upwards to 110,000 cars. factors as a steady How of operations world. Barney Balaban, of ance Exchange Offer— making terms, to the remaining It is contemplated that production record Co. sold at the original price of $9.75. was less than railway.. railway of $1,250,000. Chinese United acquired from Cities Service Co. 2,000,000 of outstanding 3,000.000 shares of common stock, of The Ohio Public the all-time an Completed Two Months Ahead of Schedule— $2.43 1048. p. has Co. Corp., succeeded Walter H. Sammis, President, on Jan. 3, in a stockholders of the Ohio Public Service Co., said Ohio " $2.16 Power share, according to an an¬ by Blyth & Co., Inc., and Goodbody & Co., Dec. 23 a block of 60,000 shares was of¬ now oper, Net in company Y. its corporation for 140,213 167, the Caribbean. the Paramount 50,000 $3.33 for continents. This 1946 50,000 Ohio Edison Co.—Makes & from poses (& Subs.)—Earnings— taxes.—V. Gross . saw Sells Interest in China Line— interest 1947 the and around ment $2.15 such announced when used Aviation income record of relationships making N. further it "819,787 Federal postwar a Airways, documents was "230,415 50,000 and production output upon labor Del., and Albany, 4,638,421 share__ com. charges 1950 a World American 418,393 ____ Heat On From Jan. 1 Airways Corp. on Jan. 3 completed the program simplification of its corporate setup. It was absorbed by Pan Airways, Inc. and the name of the latter was changed to the 1,232,412 dividends ry. by American Pan for 6,333,382 $14,068,821 $16,121,786 $15,766,379 $12,041,929 426,664 634,048 428,539 476,042 income Preferred this company Ultramatic Drive, new 872,159 Program Completed— 531,604 1948 new American World 1,419,898 1949 *1,892,616 from Net 7,967,312 Nunn-Bush Shoe Co. 3. from Net the Net p. 98,021 Years E; d. Oct, 31— manufactured 7. 171, "70,822 7. p. be the company's announced Jan. 5 shipments and foresee V. 1,042,800 income__|_ to cars just closed which year good 7,711,756 railway oper. all a dependent, of course, From Jan. 1—Gross "2,796,626 170, p. 2335. Pittsburg & Shawmut RR.- -Earnings— Net Co.—Outlook, Etc.— with Africa, Alaska, Australia, 1946 104,009 127,394 21,417 income cper. forecast top of the America 1947 # Net 4,035,512 income cents to 70 cents per are Net Ferry, President, as Packard planned to assembly operations after a fortnight shutdown for inventory. has spent more than $7,000,000 on facilities for manu¬ Ferry name Northwestern Pacific RR.- -Earnmgs1948 1949 from railway * $763,641 $709,472 "1.372,769 *159,911 10,662,983 706,951 November— 1950. in It November— *283,745 10,300,245 *1,688,768 railway. oper. Jan. company Mr. 166, p. 2421.- Gross ♦363,904 10,930,723 on the secondary offering of com¬ (par $2) has been reduced from $9.75 to $9.50 per share, and the discount to NASD members increased American January, "528,198 8,628,058 stock mon on 1301. p. facturing the automatic transmission. on reinsurance own 1939 the company's name was —V. Hugh of scheduled are continued growing crops and certain types of hull coverages. Further expansion plans are being made. "In the longer view, the strictly reinsurance character of North Star's business is regarded as a selling asset. We can never be regarded as being in competition with our own clients, as perhaps a direct writer 1950 said, 1948. Star's prospects for 1950," says Mr. Lowry, "are good. The is still in the initial stages of a broad diversification program the as in net surplus of $4,601,000. company Packard Motor Car ap¬ increase an $3,600,000. reinsurers, other had company of premiums net year when all professional fire 60% from 1945 to about Corp. anniversary in Jan., 1950, it is Jr., President of both companies. months of 1949 Indicate a net premium 1949 over| Reinsurance its 25th full $11,300,000 for the year 1945, over General 294,580 railway Petroleum 35-year 3'/8% debentures, due Sept. 15, 1983, are avail¬ able in exchange for outstanding temporary debentures at the Bankers Trust Co., New York, N. Y., and at tne Bank of California N. A., San Francisco, Calif.—V. 170, p. 2586. Lowry, first nine 15% of G. the the for proximately will reach Edward of *87,520 1— nouncement Pacific Telephone & Telegraph Co.—Definitive Debens. Approximately 70% affiliate 1946 $751,583 "112,670 Definitive Corp.—Celebrates 25th Anni- versaryThis corporation, 1947 $811,702 Continued—The price Gross North 1943 $815,345 "289,560 "102,107 income oper. for offering and 170, 1949 $627,845 railway "Deficit.—V. stockholders purchase above—V. 25,199,477 from from 40 American 71,259,195 32,158,919 railway Net, from Pacific Power & Light Co.—To Be Sold— See 106,320,644 65,508,335 1949. common subscription 156,712,009 34,463,472 Jan. two- 1917. p. ry. From Gross expenditures in from been to of for than to 109,865,710 7. from Net has improvements period, 1946-1951 annual less 917,917,182 826,497,399 755,339,794 p. almost that 5,527,354 3,597,480 778,447,435 Pennsylvania Reading Seashore Lines—Earnings— Gross finance to it and six-year that be issue 7,002,496 railway November— filed be determined which estimated extend time this upon 5,386,469 1946 $78,862,175 $72,819,903 10,069,773 10,052,177 Com¬ 4.80% price will prices additions the will the is for during to stock. It required expects early issue SEC. proceeds war. also common proposed the construction company during of income oper. 171, Net me of amount 1950 Utilities shares 15,970,279 railway income from each. tne of redemption use properties already purposes The $25 Public 1,500,000 $85,172,781 11,524,964 from ry. —V. offering. to of end par office the program company's inclusive, these the of California sell covering and proposes the and regional sold large since the the of stocx, statement the engaged to issue time the to to company part applied Francisco will to The in has 1 1947 $63,198,831 oper. MONTHS 11 1948 From Jan. 1— Net Financing— railway FIRST AND 1949 railway___ from Gross 1194. p. from fered, half of which was Corp., on elected Vice-President was 772,510 $3.39 preferred iirst San prior - elected President of the new Jan. 5. H. Edmund Machold, Y., Power committee.—V. executive N. 980,485 $3.04 of electric steam Earle J. Machold Elected President— Earle "990,997 credit authority registration the cluding lines, for the will be in service in 1951. Improvements to gas facilities, in¬ increased storage, new compressor installations, and new pipe are under way throughout the company's gas service territory. plant $17,036,030 2,005,192 891,346 company deemable in companies in the 5>ilu,0u0,000 expended by the System tu past four years to meet the increasing needs of customers and to provide for future growth and reserve capacity. A new steam-e tutric generating station now under construction at The mission area Syracuse-Oswego area. Plans for extending natural gas service to other areas of the system are under way, and contracts assuring sufficient natural gas for the expansion program 75,000 $29,268,791 Gross Net six has connections with ihe natural gas fields of the and the Southwest, and now supplies natural gas to company Appalachian daily a and NOVEMBER November— 1946 2,011,845 Pacific Gas & Electric Co.—Plans New steam-electric generating stations located throughout up-State New York, and other resources that will bring the company's total electric rated capacity to 2,170,000 kilowatts. These stations are interconnected by over 7,000 circuit-miles of transmission lines which feed power into 85,000 miles of distribution network. Gas production facilities include 13 manufac¬ turing 1947 1,456,407 share special Monday, January 9, 1950 Subs.)—Earnings— 1948 $31,701,920 paid per "Includes CHRONICLE $27,098,919 after taxes__ profit Dividends Ltd. hydro-electric 81 FINANCIAL 1949 income Earnings subsidiaries, these being The Niagara Palls Power Co., Canadian Niagara Power Co., Ltd., Frontier Corp., The Oswego Canal Niagara & Years Ended Sept. 30— Total four Co., COMMERCIAL Outboard Marine & Mfg. Co. (& Jan. on expected then will order an effective is company Mohawk Niagara Power of District approved and THE ry. railway__ railway income oper. •Deficit.—V. 170, p. 2587. Sacramento Northern Ry.—Earnings— November— Gross 1949 1947 $195,754 $164,311 9,378 *4,984 1,976 *18,176 *36,027 *26,108 2,040,864 railway Net from railway Not ry. oper. income 1948 $160,387 from 2,080,210 1,805,096 From Jan. 1— Gross from Net from Net ry. railway railway oper. "Deficit.—V. 103,806 income 170, — p. *77,429 *42,178 *175.004 *381,554 *352,274 2229. (Continued on page 39) Volume Number 4871 171 THE COMMERCIAL & FINANCIAL CHRONICLE (107) Stock Record «» New York Stock Exchange DAILY RANGE OF PRICES WEEKLY VOLUME Of TRADING YEARLY RANGE OF SALE PRICES FOR EVERY LISTED ISSUE Ranee for Previous STOCKS Year 1948 Lowest f per share 7% Jan ...... Jun 14% Feb 23% May 35 Dec 46% 27yfl Dec 41% July 51 14 Dec 3 % Dec 31 __ mmmm 31 21% May 2fl Acme *17 Va Jun 14 23 Dec 12 13 Dec 99 27% May 10$ May Sep 9 47 Dec 27 14% Nov 15 19% Dec 20 Nov Express Co 12 Admiral 17% 29 Affiliated 23 110% Dec 16 (3 Air Gas Alabama A 21 4Vs Nov 1 Alaska Juneau 15 18% Dec 6 Aldens Inc 65 Not 65% Apr Dec 73 25 25 70 May 64% Jan Dec 34 May 17% Jun Dec 109 May 88 90 Mar 98 Apr 83 11% Jun 6 Jun May 165 Jun 7% Dec *171 Sep 17 17 86 % Dec 20 23% 16 Dec 24 7 104 $2.00 prior $4.50 Chemical 16 210 Dec 19 Allied 15% Jun 14 19 Dec 30 Allied 15 30% Oct 13 25 Feb 37% May 25% Feb 25 357/b Dec 12 81 Mar A Jun 83% Jan 8 977/s Nov 30 42% May 25% Feb 25 33% Dec 14 Allls-Chalmers Dec 88 Jun 78 Jun 22 88 Oct 3 *25 Nov 31% Oct 26% Jan 3 37% Dec 30 3 Yn Not 6% May 14 2% Jun Not SO Jan Feb 121 May Apr 89% Feb Jun 34% Jan 43/8 Nov 3 6% Jan 34% 02% Dec 37 29 43 39 Jan 5 0* 45 Amer 10 Mar 3 Sep 9 10% July 22 €1 Mar 51 Jan 4 70 D2C 31 18% Mar 29% July 20 Jun 13 27 Dec 14 68% 70 61% July 6 *7% Jun 29 69 Oct 26 12 Dec 17 American 43% May 30% Mar 23 35 Jan 10 Amir Jun 96% July 11 5% Jun 1 104 Jan 11 31% 103 Feb Dec Not 111 May 6% Sep 10% Dec 3 Deo 6% Jun 76% •2% May Feb 177 163% Oct 28% Not 49% 74 Not 100% Jun 10% Jan 3 4% Dec 29 3 106 % Dec 28 172% Mar 17 187% Sep 33% Jan 81 13 Jan 4% Dec 20% 14% Dec 22% Jun 14 Dec 94 Jun 71% July 29 87 33% Feb 43 Oct 35% Feb 51 % Dec 94% Feb 107% Jun 21 Feb 15% Feb *66% 67% *66% 67% 67% 67% 67% 3% 68 68 80 79 8 Jan 3 14 *82 Range I 82% 82% 21% 22 22% 22% 22% 23 83 *92% 94 94 94 *91% 96 *84% 88 *86 88 *37 90 *87 89 *88 90 21% 8 205 205 205 % f per share t per share 206 205% 19% 19 19 *18% 19% 19% 19% *19% 19% 500 29 29% 28% 29 29 29% 29% 29% *29 29'A 1,800 No par 33% 34 33% 34 33% 34 34% 34% 34% 35% 9,000 95% 95% 100 *18% 33% 32% 32% 88% 87% 37% *87 *37 37% 37 37% 37 1 *3% *37% 112% com 4 4 42 *38 42 111 44 % <44% 9% 69% 70 70 26% 26% 26 65 Corp *65 com__ 11% 11 11% 11% 11% 11% 11% 11% 11% 10,800 No par 33% 33 % 32% 33% 33% 33% 33% 33% 33% 33% 3,700 '102% 103% 103% * 100 102 % 103 % Inc___1 8% 8% 8 1 Co 3% 4% 3% 25% 1,900 44% 443/4 2,000 19% *18% 30 American Colortype Co Crystal Sugar com prior preferred American Cyanamld Co com 10 American 10 4% ft 3%% 30 conv American 100 10 preferred series A_100 Distilling Co NEW 20 j *18% 18% 25% Encaustic Tilings Amer A Foreign Power com__No $7 preferred 5 $7 2nd preferred A $8 preferred 10 34 13 51% Dec 43% Oct 16 Jun 3Ve Jun 6 5% Oct 11 Jun 3 48 Nov 18 6 Feb 26% May 24 y4 Jan 9 32% Dec 14 5% Dec 8% May sy4 Jan 5 9% Sep 8 79 Dec 92 Jan 73 Feb 23 Feb 15% Jun 11% Feb 7 Aug 15% Dec 13% Jan 19 Jun 15% Mar 1 22% Dec 29 16% Dec 26% Jun 95% Feb 12% Not 72% Dec Jan 3 Dec 10% May 4% Jun 7 22% Jun 13 96% Jan 4 5% Jan 3 21% May 11% Jun 13 94% 76 Jun 24V* Mar 35 July Deo 98 Dec 93 7 18% Jan 20 .Tan 50% 49% 34 34 33% 29 84 26 Sep 7% Mar 14 333/4 Dec 30 29 Dec American 105% Nov 23 Feb 30 Dec 6ft American 7* Feb 11% Jun 7% Feb 25 69 % Not 95% May 86% May 83% Feb 70% Feb 11 10 12% Feb 162% Not 6 % Dec 12% Jan 16% Feb 28 Oct 38 Sep 46% Feb 139 Mar 31 Mar 125 Not 25% Not 21 Dec 10% Dec 34% Feb 116% Mar 16% Dec 147% Mar 54 y4 Mar Oct 131 46% Feb 115% Not 6% Dec 133 7a NOT 46 Apr 68 May 163% Jun 35% May Jan 10 169 Jun Mar 31 6% Mar 23% Jan 37 Jun 39% Jun 142 Feb 34% Jan 130 6 8 4 17 13 11 5 23 Dec 7 178 Sep 8% Dec 49 43 Nov 7 4 % Dec 27 56% Jan 164 14 7 8% 30 3 51 Not 67 May 48% Jun 1 76% Dec 14 153% Dec 30 Dec 27 Aug 25 8% Mar rl 38% Feb 17 91% Mar 11 80 Jan 4 7% Dec 6 65 Dec 23 American 40% Dec 19 Jun 99% Mar 29 Dec 15 Jun 48% Jun 20 55 y4 Jan 27 36% Jun 15% Jun 13 28% Dec 8 14 Apr 8% July 7 6% May 2% Aug 26% May 2 34% Jun For footnotes see page 18 4 153% 15% 15% 15% 15% 15% 16% 87 84 84 84 84 833/4 84 14 3 *83% 15% 4 14% *78 % 80 15 Vb 15% 15% 79 78 78. 6 15% •78 6 5% 5% 33% 33% 33% 33% 33% 104% 104% 104% *104% 105% 6% 6 6% *85 11% NOV 7 4y4 Jan 0 42% Nov 22 1,000 600 27,300 87 500 11,700 15% 15% 16 78% 78 78 % 6% 333/4 34 % 33% •104% 105 % 104% 6 160 6% 2,300 34 3,000 104% 290 6% *6% *6% 6% 6% 6% 6% 300 32% 32% 31% 32 31% 31% 31% 32 % 31 31% 11,600 *35% 35% 35% 35% 35% 35% 35% *35 35% 700 63 8 15 15% 13% 176% *175 *175 3% 7% 8% 48% 8 *42% 7ft preferred American 100 6ft Snuff Co non-cum 25 com preferred •35 15 47% 47'% 47 43% 43'A *42 54% 55% 43% 55 % 55% 163% 163% 8% 55% 8% 8% 47% 47 100 6% ?6% *175 ——^ 8% 8% 10,700 47% 46% 46% 43 % *42 43% 10 55% 56% 56 57% 7,300 163% 164 7ft 42 144 243/4 25%, 25% 31% 31% 30% 31 31 31 31 10 100 10% % . *10 10'A 44% x40 40% 40 *128 129% *128 130 *10% 31% 1,700 10% 10% 10% 103/4 11 1,400 40% 40 % 40 40 3,300 128% 128% *128 129%' 20% 20% 20% 20%' 20% 20% 146% 146% 146% 146%. 146% 147% . 74 74% 100 Works Co 31% 31% 20% 74% 153 153 % 153 153% 153 y4 *72 72% 119% 72 72% 72% 75 119% *119% 120 100 *119% 5 7% common__No par 27% Inc preferred 100 84 conv prior preference—No par Lead A Smelt com 1 Amer Zinc *84 72 >/« 6% 25 *64 % 119% 7% 28 75 ■ 8 27% 74% *119% 120 7% 73/4 27% *83% 85 *71 73% 65 120 27% 85 75%, 153 % 74 7% 73 75 153 733/4 27% *70 'A 1,600 31,300 75 •119% 100 20% 147% 153 7% *83% 147 % 74 . 27% 89 75% 20 , 129% 153 153% 73 6% 10 7,200 146% 73% 500 25% 20% 74% 413/i 148 25% 146% 74% 370 40 comir\on~14 t *144 164 25% 5 25 common 41% 42 146 100 Tobacco preferred Woolen 41% ♦144 24 5/8 44 American Viscose Corp 5ft preferred American *41 144 24% *128 Sumatra Am Water 42 163 24% No par 1,400 •41% 55% 144 *40% *140 17,600 176% 8% 43% 163 24 % Refg common—100 Tobacco 41% 144 *140 163% 162 No par American Tel A Tel Co American 41% 163 No pat Foundries Oct Deo 15% 15% Amer Ship Building Co No par Am Smelt & Refg common__No par 25% Nov 15 22 15% *47% Co Anaconda Mar 15 22 1 No par Seating 8 4 15 22 176 % 7 8 15 21% •175 35% Jan 24 15 22 176% 35% Jan Feb 15 22 176% 14 18 Ye 15% 22 *175 % 22% Jun 14 60% 91 15% 21% 17,200 25% Jun 108 *90 15% 22% 14% 45% 3 91 800 109% 41% May 25% Jan ♦90 10,700 8 13% Feb Jan 91% *90 200 32% 108 3/a Feb 38% *7% 14% 30% 107 31% 8'/a 109% 30 98 Sep 46% Mar 31% 8 14 85 prior conv preferred Anaconda Copper Mining Jun 31% 7% 50 108% American 6 31% 7% ♦47 14% fl 4% Jun 47% 108% 19 79 Sep 29 59% Jun 2 47% 13% 20% Nov Jun 1,400 51 13,900 107% 150% Jan 112% July Dec 800 5% 14 6 Dec 41% 5 109 14 76% Mar x5Va 51% 41 108 American Stove Co 6 50% 5 14% American Sugar 7% preferred 3 51% 41 109% 14 6% Jan 5 13% 22 21% Jun •40% 31% 31% 92 91 5 *47 51 *47 50% 41 4% 109% 13 Apr 8% *40% 4% No par Dec 66% July 104 Jun 8 $0 preferred 12% Jan 121 41 47 Amer Rad & St Ban'y com—No par 7% preferred 100 American Safety Razor 5 128% Nov 18 50% 50'A 41 15,400 17 Jun 50s/4 49% 4,200 33,500 7% Jun 120 16,400 * Dec 42% Dec 74 17% 58 15% Jan 3 16% 57% 130% 24% 3 17% 58 15 com Stores Co Jan YEAR'S DAY 5,700 16% 55 129 American 49% May 10 NEW 67% 16% 54% 15% 14 60% Jan 66 16% 54% 129% 31% Dec 135 67% 16% 54% 15% 6 Mar 66% 16 128% 21 y4 Jan 71% July 643/4 65 6,400 128% Apr 68% 64% 64'% 900 2% 15 27 144 2% 128 Steel July 23/4 15% American Jun 2 ;,/4 129% 7 16 2% 128% 14 138 2% 130 Jan Jun Jan 2 >8 1,500 16,900 15% Sep 20% May 23 129% 28 108% 22 No par Light 150 45 22% No par A 3 10 21% $6 preferred 14 Jun 21% *90% 1 Co American News Co Jan 31% Feb 23 20% No pa* Co Gas 19% Jun 120 20 3% Shares 6'% 19% 2% for No par Molasses Jun 41 May 131% July 6% 19% *90% *103% 31 14% Jan $ per share 6% 19 % _100 *78 Sales the Week , t per share t per share 8 33% 31 109% Dec Jan. G 6% *7% American Metal Co Ltd com_No par 4% ft preferred 100 Amer Power Friday Jan. F 19% 31% 100 Thursday 6% 7% Co com—No par 2,700 19% 31% common 35% 34 6% 734 15% 14,500 2,200 *19% 31 3 4 100 Natural CLOSED 50 *22 50 51 119% 6% 1 preferred 50% 118% 19% No par com 35% 140 *117 y4 Apr 90 15% Dec 130 *47 5% 36 % Nov 4% No par 32 6% 40% 434 200 1,700 54 50% 40% 1 50 Locomotive American 8 50% lo Amer Machine A Metals American Aug Co Amer Macb A Pdy 3.90ft preferred 3 8 10 com preferred 17 80% 16% May 170 Jan Ice non-cum Oct Feb 7 Co Co American International Corp-No pew: American Investment Co of 111 1 33% Dec •% Jan Electric & EXCHANGE 16% 55% preferred conv 28% Nov 18 6% Gas 16 % 34% 19% 18% 84% 20% 65 64% f per share 6% STOCK 700 HIGH SALE PRICES Jan. 4 *19 2% 55% 33% Wednesday i per share 8,600 72% 18 51 % 120% 51% 34% Jan. 3 21%' 2% AND 33% Tuesday 19% 20% 33% 120% 51% 120 Jan. 2 6'A 63b 118 Monday f per there *19 50% 50% 118 170 27% •193/a 18% 117% 6,400 186 *71% 83 50% 106'A 27 *83 ia 83 120 8,400 13,900 106 19% 18% 83 No par Amerlcai. Home Products 90 15% Dec No par American Hawaiian SS 5 10% American pai 19% *17% *82 —No par American Hide A Leather 6ft ._l No par 40o 18% 18% 82 Dec. 31 Par American ^ 18% 82 Saturday American European Secur American Export Lines Inc 18% 8% 4% 186 18 % *119 STOCK YORK 19% 8% 4% 186 83 *82 EXCHANGE 20% 6 200 25 $ per ihare in? 104% 25% 5 22 1C3 45 3 Jun * 25% 19% Dec 73 4% 443A 03 Jun 8% 4 45 Jun 108 104 6% 4 25% Cable & 61% Dec 14 *102% 8% 45 Chain 3 12% Jun 104 % 25% 25 American Chicle Co Year 1919 100 40 2,100 11% preferred 17 46 65% 2 preferred Broadcasting 45% Oct Jan 25% 05 45 69% Dec 46 25% 6612 25% 6 Jan 26 25% 3 3/8 Dec 7% 25% *64 66% *441/2 7 43% May 5,400 257/b *64 44% 1% Jun Dee 94,100 75'A 25% 4% May 3% 10% 72 44 "2 7* * ~3534~D~ec 1,400 10% 25% Sep 3 433A 10% 72'A No par 1% Jun 43% 10% 70% 72% 28 Jan 44 10% 70:% 72% 21% Nov ey4 Jan 2,100 71% 5 44 1,200 42 109 70% 13% Jan 37 433/4 4% *38 *108% 70% Apr Jan 43% 4% 4% 42 111% *70% 19 Jan 110% 70 Dec Jun 4 ♦38 42 69% 13 % 14% 1,900 __100 3 89% 38 No par 27 77% 37% American 63A Oct Dec 400 37% 25% 65 50 10,000 89 9% 26 */4 66 10 common 300 33% 89 69% 9% 9% 95% 33'A 89 110% 423/4 70 9% *94% 33% 11 19% Dec Dec 43% 43 1 95 37% 4% 3% 3,200 95 - 37% 110 4 204% 206 88% 33% 88 *38 110 112% 100 preferred 32% 206% 33% 96% *95 32% *87'A No par Co \ 96 % *95% 1 10J 206 27 28 Not 1,600 27% 24 6% 100 8% 27 4% Feb 42 205 8% 8% 184 15% Feb 37 8% 26% Oct 7% May 8% 200 7,300 183% 19% Jan 6% 8% 84 106% 14% Mar 0 21% 3% Amer Cable A Radio Corp American Can Co common Highest I per share 3,100 25% 36% Mar 31 - 17,100 105'A 32 Lowest Highest 70 3% 79 % *91'A 21% LOW Year 1918 •82 3% 93 21% Range for Previous Lowest 83% 78% *91 par 50 Co 3% 79 63 % 84 *67 3% 79 183% 28 Dec 84% 3% 3% 79 26 Mar 11 120 3% 78'% 184 19% Oct 14 3% 81 106'/4 7 19% Dec 8 Jun 25% Jun 99 1,900 184 7 15 4,600 105% 47% Sep 81 20 3% 26% 15 39% Feb 115 185% Jan May *110 106% 25% Dec 61 110% 26 82 Dec 115 *110 115 106 1 38 *110 23% 110% *184 1 Jun 19% July 51% 22% 100 60 May 130 9,600 51 23% 18% conv American 22,400 23% 10% 51% "22% 3% common Shoe 11 51% 23 11 51% 23 Va 11 No par Jan 27 Brake 10% 51% 10% 51% 22% 10% DAY 200 18'A preferred Bosch 32,100 3% No par Chemical_No par American Bank Note 6• 19'A 18% Corp conv 18% 18% 11'/a American Car A Fdry com 7ft preferred 6 18% Mar Airlines cum 18 3% 6% 4% 4% 106% 106% 21% Jun 49% May 3%% 7 2% Jun Jun Jun American 18% 3% preferred Agricultural Oct Not 6y8 47 Leather Petroleum 17% 18% Mfg common-No par convertible 3,700 17% 44 3% preferred Amalgamated Amerada 44'A 8 Alpha Portland Cement 31 120% Oct 7 43% *41 18% 5 Dec 44 45 % No par 73 83% 42 45% 17% _ : conv 42 45% No par Dye Co 26% 3%ft 42 45% *3% gtd__ 100 Allied Stores Corp common 4ft preferred 91 *40 45% 1 Allied Mills Kid 2,200 42 3% No par Allegheny A West Ry 6% 24% Jun 22% 17% Allen Industries Inc Jan .21% 22% 3% *82'A preferred 10 34% May 198 22% 17% 3% 17 Dec 22% *50% YEAR'S NEW 11 80'A 8% Jan Dec Mar 22% 3 Va 1 93% Feb 16% 22 17% 100 7 25% 2,800 22 __100 __ 13 July 20'A 3 3% preferred-No par conv conv 4,300 19% 17% Allegheny Ludlum Steel Corp.No Mar 12 3% 20% 5 Gold common 4y4% preferred ww Allegheny Corp common • %ft preferred A 17 27% Jan 14 100 Sep 4 82% Dec 14 2% Feb 40% Feb 3% 19% 17% 115 *110 100 10 5,200 3 Va 20% 3 45 23% Ry Mining 51% 3% 19% 3 *39'A CLOSED 51'A 22% Vlcksburg 2% Jun 04 10% *50% com w w Inc 13% Feb Oct 1 50 No par Equipment preferred Reduction 1 51% 51% Shares 22 17% Corp new common 4% May 4% May EXCHANGE 40% 45'A 21% May 80% Jun 08% STOCK 45'% Dec Feb 22% the Week 51% 51 % for Sales 19% 3 40% Not Dec 22% 50% Jan. 0 * per share 19'A 3 No par 2% 2% -1 — Corp 13% 37 19% Addressogrmph-Multigraph Corp__io 23% May 10 3 9 19% 11% Dec May 25 07% Mar 2% 10 Friday Jan. 5 $ t>er share t per share 50% 50% 2.50 Thursday Jan. 4 $ per share 51 50% ,__5 Co _ PRICKS Wednesday Jan. 3 t per share 1 per share SALE Tuesday Jan. 2 51]/4 Dec 5 18% Jan Co Adams-Millls 44 % 21% Mar 28 Jan Motors Steel HIGH AND Monday Dec. 31 Laboratories Adams 46 mmm *18% Abbott ACF-Brill 16 35 Saturday Par 1% Jun 5% Jun Jan LOW STOCK tper share 177/8 Oct Dec YORK EXCHANGE Highest 1 per share I per share 37 "2% NEW Range for Year 1949 Lowest Highest 7% 7% 7 5/8 28% 27% 28 86 . 4,800 310 4,600 70 7,200 10,900 85 85 85 3/8 *71 74 *7T% 73% 400 6% 6% 1,900 6 % 6% 6% 6% 6% 6% X64 % 64 % *63% 64% *G3% 64% 120 *63 64'/a 10 50 28% 28% 28% 28% 28% 29% 29% 30% 30 30% 42,700 No par 28% 28% 28% 29 28% 29 29 29% 29% 29% 1,140 Corp com__12.50 84 preferred No par Anderson, Clayton As Co 21% *38% 39 *107% 108 52% 53 22:% 22% Wire A Cable Anchor Hock Glass Andsrson-Prichard Andes Copper Oil Corp Mining A P W Products Co Inc Archer-Daniels-Midland lo 20 *9% 10% 38 107% *52 22% * 9% 38% 39 39 107 % *107 108 900 40 40 *107 103 52% 52% 52% 53 53 53% 53% 1,200 223/4 22% 23% 22% 23 % 23 23 % 6,800 10 Va 400 10% 0 3 % 3% 3% 3% No par *39% 40% 39% 393/4 9% 3% *39 9% 3% 39% 10% ■ *3 39% 10% 40 % *107 10% 3% 3 Va 39% 39% 40 % 108 3V4 40 10 600 900 7 8 (108) rHE COMMERCIAL NEW Range for Previous Range for Year 1049 Highest $ per NEW Lowest Highest I per share Nov 32% Oct 19% Jun 14 29 % Dec Dec 101% Jun 77 Jun 15 95 Feb 5 Jun 13 8% Dec 13 Jan 49% Jun 7 77% Jan 10 Jun 38% Jun 13 51% Dec 30 94 Jun 22 101% Dec 105% Jun 15 114 Dec 41% Feb 88 Nov 56% Jan 103 106 13% 11% 99 % Jun 115% July • 18% Dec 19 Armco 13 $6 29 ,, 7% July 18 Artloom 15% Sep 14 111 May 95 Apr 27 109 Dec 14 106 July 87 Apr 12 101% Dec 23 35 Jun 30% Feb 14 84 Feb 120% Sep 80 Jun 14 96 Mar 107 ye Jun ■97% Jun 7% 105 % Jan 7, 105% Nov 14 Associates 16 Jan Atch Topeka 5% non-cum 10 Va Dec 1 15 13 47 Jan 7 Atlantic Feb 7 73 Dec 3 Atl G & W J SS 77 Feb 14 94 Mar 18 30% Jun 13 42% Dec 66 Sep 81 Dec 30 Feb 50% July Jun 1 93 % Jun 24 102 Feb 114 May 91 Feb 99 Jun Nov 25% May 20 Jan 4 64% Apr 42 Jun 10 58 Jan 100 Feb 7 110 Jan 15 5% non-cum 21 4% 102 29 Preferred 24% Aug 11 conv Atlas Dec 9 4% C07iv Sep 30 20% Jan 4 Atlas Tack 4% Feb 25 12% Nov 16% May 13% Feb 11 7% Sep 15% Dec 31 'Jan 24 Austin 14 Dec 19 Jan 4% Jun 14 Nov 19% Jan 10% Nov 23 4% Feb 7% Oct 4% Jun 14 7% Jan 7 36% Jan Jun 34V2 Jun 14 44% Jan Conv 10 6% xll 46 8 Autocar 17% Mar 10 series 113 101 10 Va YEAR'S 50 V* 17% *17% 181/4 18% 9% 9% 9% 10 % 15 Vb 200 260 *17% 18 500 10% DAY 101 113 18% 9% 50% 101 *112% 11 11% 2,100 15V4 15% 15% 15% 16% 12,900 105% 106 106% 106% 105 106% 390 101 100 101 101 102 101 101% 48 "48 *48 48% 101 % 103% 48 101% 101 103% 104 48 170 48 104% 105% 103% 104 104 104 104 104 104 800 104% 104 12,900 5,100 1 12% 12 Vb 12% 12% 12% 13 13% 13% 13% 42 14,000 43% 43% 44% 44% 45 y4 44% 44% 8,300 70 *70% 71% 70% *69% 89% *87 90 *69 % 70 % 70 87% 87% *87 38% 39% 38 111% Xl70% 101% xl00'/4 101 23% 22% 23 Va 53% No par 6% ($1.20)___No par 15V4 54% 7 88 40 39% 39% 110% 110% 111 111 111 101 99% 100 100 100% 240 23 23 Va 23% 3,400 54% 1,090 *100 22% 22% 53 y4 19% 54 54 % 55 54 109 108'/a 109 109 *18 Vb 19% 7 , 15% 6% 6% 5 12 y4 12% 3 57-a 6Va No par 38l/2 38 y2 14% 14% 11 10% 22% 54% 54% a 110 vH 0 00 13% *18% 260 7% 7%, 7% 7% 15% *15% 150 18% 7% 15% 200 7,700 109% *18 Vb 6 Vb 6% 6% 6% 12% 19% 19% 19% 5% 23% 19% 7 15% 38 * *18 Vb 7 15% 5c Amer common 200 88 39% *103 Va 109 71 90 y2 39% 110% 110% 101 70% *88 38% 39 *111 *18Va preferred 48 104% 43 y2 *108 Va of 48 y4 102% 12 180 Co 47% 15% 102% 100 common 15% 43% No par Corp" (The) conv *112 17% 15y2 ____No par Canteen 101% 112% A__100 Co $2.25 101% 112% 25 B Corp Avco Mfg 101% 112% 100 preferred Automatic 1,300 50% 101% 101 71% 107% common common prior pref 50% 71 50 % 106 5 74ichols 1,400 *71% 71 50 101 — 9 Va May 24% Oct 8,900 71% 71 70% 10.600 107y2 No par Powder common Dec Sep 1,230 8% 101 100 - RR Lines $3.75 29 90% 8 *100 com__100 preferred, series Atlas Corp 3 4% 20 Fe preferred Refining 112% Dec Dec Line 28% 89% 8 Va *106 10 Coast Atlantic 10 10 A T F Inc 10 Jan 114 106 7 29% 90% 8 100 preferred 53 Deo 29 7% 50% *112 Shares 89% 90 70% NEW for the Week S per share 100 Co Santa 32 % Jun 64% 99 & 7% Sales Jan. 6 share 50 y4 CLOSED 17V4 15% 1 *89% 7% '29% 28% 89% $ per STOCK 112V2 No par 28% Friday Jan. 0 $ per share EXCHANGE 101 % common Investment Jun 19% 62 48% Aug 6% 50% Nov 25 71% Thursday Jan. 4 28% 52 *112 *16% PRICES Wednesday $ per share 7% *101 5 Carpet Co Inc July Dec Dec Jan 69% '•'50% SALE 89 No par Dry Goods 1st preferred, 2nd preferred f per share 28% No par Associated 28 Dec rl9% preferred $4 conv preferred Constable Corp 11 Dec 25% No par HIGH Jan. 3 8 No par AND Tuesday Jan. 2 91 7"% Arnold 13 % Jan 28% *80% 5 com $3.75 30 Jan 44% 10 100 Illinois of prior preferred Cork Co com Armstrong 24 11% Feb May Co conv Oct 26 13% & Monday Dec. 31 I per share Monday, January 9, 1950 RECORD Saturday corp com preferred conv 16% Dec 87% 98 Steel 4V2% Armour 1 137/a Mar Jun 17% Aug Dec 12% Mar CHRONICLE LOW STOCK Par 3 15% May «8% YORK $ per share $ per share share 89 Dec STOCK EXCHANGE 23% 6% YORK FINANCIAL STOCKS Year 1948 Lowest & 5% 5% 38 Va 3i",4 14% 14% 11% 11% 11% 9% 16 6% 13 10% 6 *15% 6% 16 6% 500 6% 1,700 13% 4,800 6% 13 13%2 5,000 28,700 5% 6 5% 38% 39 38% 14% 14% 14% 14% 11% 12 xll% 11% 33,900 10% 37% 10% 10% 10% 37.900 . 40 2,700 • B 13% Feb 16% Jun 11% Dec 17% Jun 10 13% Feb • Feb 40% Nov '-■■■ Nov 14 12% Jan 7 11% Jan 7 14 22% Jan 7 7 7% Jun 13 14% Jun 13 25 Jan 60% Jun 13 72 1 Babbitt May 38 Jun 29 15 Sep Jun 36 Jun 6 Dec Dec 4% Mar 3' 45V4 39% Mar .4 16y2 Mar 97/s Feb 15 56% Dec 15% Oct 27 Nov 13 Bath Dec 23% Jan HVa Jun 3 17% Jan 20 25 12% Nov 16V4 Oct 4 69 — 90 ' -- Dec — 100 — 69 1 87Vb Feb — Sep 16% Mar — 26% Nov Jan 22% May — 80% Jan 14% 34% Feb Feb Feb 10% Nov Apr - 37% - 20% May 19% Mar July 21% Dec 28 5, 86y2 Nov 2 6 10Va Jan 21 Beech 32% Feb 4 Beech Creek 6% Jun 30V2 Jun 14 37 16 16 Feb 14 16% Jun 30 Jan 11 Va Jun 90% Dec 103% Jun 85 26 Feb 38% Jun Dec 2-1% Jan Nov 26% July 21% Feb 24 73 V2 Jan 4 93 5 Dec 87 V2 Mar 86% Dec 102% July —, — — 23% Feb 25 Feb 30% Feb Feb 18 Oct 17 98 13 Jun Jan 1% Dec 10 39% 23Va Feb 25 11 May 10 27% Nov Dec 9 14% 20 11% Mar 11 9 Oct 26% Dec Lowest $ per share I per share 9% 13 36% July 22% Jun 30 30 % Jan 13 15% Nov 6 14% Dec 14 17% May 9% Jun 15 15 16 13 25% Mar 30 19% Nov 29% Dec & Apr 37% May 17% Jun Dec 21 Aug 24 27 Jan 18 Bohri 57% Dec 96 Jan 50 Aug 9 64 Jan 12 Bon Jan 18 Aug 8 32% Jan 5 307/a Dec 51 16% Dec Nov 27% May 44% Jun 13% Nov 37% 42% Feb 66% July 42% Apr 21 91% May 11 87% Nov 96 May 5% May 1% Aug 32 Va Dec 6% 26 42 Nov ; Dec Jun Feb x27% Mar 11% May 36% Jun 25'; Nov 25% Nov 34% May 37% Jun 92% Oct 101% 26 Apr Jun 6% Jun 25 Va Jan 10 ' 7 9 17' 13 5 Dec 3 9 Jan 3 Feb 33% Aug 29% Mar 14 Feb 99 Aug 95 Jan 6 17% Feb 23% Nov 15% Jun 27 Nor 120 24% May 124% July Sep 77/a 65 30% 13% Jun 120 75 July Deo 40 Jun Feb 16 13 13% Apr 15 15 19 Jun 13% Jun 14 16 10% July Jan Dec 6 Deo 21% Dec 9 Nov 101% Nov 87% Deo 14% Mar 10 Mar 6% Jun 13 Feb 7 17 Jun 13 98 % Jun 10 20% Jun 13 Jun 30 Feb Sep 52 May 2 May 8% May 31% May 1 Jun 2 3 Jan xl9% May 19% May For footnotes see page Jan 26 Dec 16% Jan Dec 11V4 Dec Feb 2 82 4% Mar 30 24% Jan 105 Dec 26% Jan 36% Dec 58 2 27 31 24 5 Apr J 8 Oct 10 22% Jan 10 9% Jap 3 12% Feb 4 18 20% 74 74 *75 73^ 7% 29y2 *29 % 109% Mar 21 41 21 May Oct 15% Deo 6 25 29 4%% Putte Byers 7% 13% 14% 14% 14% 14% 14% 14% 12% *12% 13% *12% 13% 13% 13% 13% 13% 900 12% 12% 12% 12% 12% 12% 13'A 13% 13% 13% 2,300 87 87 87 87' 87 36V4 36% 35% 36% 35% 9Vb 9% 9% 9% 9% *86 t 25% 25% . 25% 36% ■ 36% 37 36% 9% 25% 25% 85% *84% 85 *84% 85% *108% 109 % 1% 1 % 1% 1% 26% 26% 27% 27% *26% 1% 26% 3554 26% S55/8 32 x35 Vo 32% 35% 35% 31% *140% 26% 26% 26% 26% 26% 9% 9% 9% *9% 9% AND HIGH Tuesday Jan. 2 fc" SALE tper share 14 V« 14%: 14% 13% STOCK 23 Va EXCHANGE 22% 23% CLOSED 25% 25% 53 Va 54 53 Va 55 19% 19% 19% 19% 15% 15% 15 % 15% 15 . ' 5 . 15 30 . ; ■- • " ' '/*•'" ,• 50 Va 13 % 50% ■ v . 1 '' • >'•1 ;'■ •• . 1 14 25 24% 25% 20,900 27 26 26% 2,600 55 % ■ 56% 57 58 57 58% 980 19% 19% 19% 20 20 Va 20% 2,140 15% 15% 15 Va 15% 15 Va 15% 8,400 5OV2 49% 50% 50 49% 3.100 59% 59% 60% 58% 59% 12,700 98% 98 98 99 99' 2 36% 50% 2 37% 7% 8% 8% 29% 29% *28% 2 Pacific Ry 8% 9 29Va 29% 28% 28% 28% 28% 29 29 29% 29 106% *104 38 12% 38% :■ 104% 24 18% 13 1 38% 12% 40 40 *103 18% *123 12% 75% 35 " 23 % 123% 75% ' lOo '/a - " 93% 104% 24 18% 123% 13 *1U4 106% 38 38% 12% 12% 40 Va *39% *103 23% 18% *123 12% 23% 18% 74% 34% 34% 34% 34% 34% 34% 94 93% 93% *92% 19% 19-% 33% 35% 19% 20 Va 20 95 Ya 76 19% 19% 20 *94 96 94 94 88 *86% 88 88 88 *81 84 *81 84 13% *8% *119 14% 14 14 % 71% 71% 72% 72% 4 23% 105 23 23% 34% 34% 54 8% 400 18,200 10% 72% *52 .> 14% 10 72 54 14% 10% 71% 34% 14% 30% 71 34% 120' 84 121 71% *53 *81 14,000 89 9 % 71- 23% 14% *88 121% ' 23% *81 88% 84 88% 9 10% No par 95 *120 10% 22% *94 100 9 11 *3% 3,600 121 10% 104% 2.000 ' 9 11% 4 19% 36 ' 121 10% 22% 19% 35% ' 9 " 105 600 800 34% 121 15 ; 75 34% 75 76 *75 ' ' 96 *3% 24,800 20% 95 ■ 93 Va *75 *94 22% 11,100 18% 74%. *92V4 *86% i 103% 18% 3,700 13 Va 100 ,■ 23% 23% 18% 500 104% *103 23% 7,200 - 123% 100 100 3,600 12% 40 13 19% No par 38% 12% 40 *123 35 9 37% 12 % 13% 18% 14% 500 1,700 10-5% 123% 35 13% *104 13 34% 19% . 4.500 29% *123 18% v 9,700 13 Va 18% 84 18% 8% 29 123% 34% **81 23% . 200 40 104% *103 104% 105% 38 % 38 12% *39% 34% 19% 19% *104% 8% 29% ' 15,400 29% *28 Va 8% 400 8% 30% *29 29 121 9 3,800 121 30 25,700 * 340 "• 3% 3% 3% 3% 3% -23% 24% 23% 23% 23 Va 23% 103% 103 % 103% 103% 103% 230 23% 23% 23% 23% 23% 23% 1,100 34% 34% 34% 35% 33 36% 1,600 54 53 53 *52 103 *53 4 54 . 1,200 6,400 10 1 Copper preferred Canada Southern Ry Co Canadian Breweries Ltd 29 Va 1,100 37% *37 28% .100 conv 8% 8% 30 240 2 Vb 2 Va 2 37% *37 28% 9 C Fdy Dry Ginger Ale com 2 37% 28% *93 1,700 57% 28% *34% 1 14 13% 24% *28% *119 Campbell W & 13% 1.300 26% 8% 1 Cons 8,500 24% 13% 18% 50 14 % 26 18% No par 14% 29% preferred—100 Co 14% 24 13% 34 % 5 3.000 14% Sharon share 25%' " 5 common 14% 8% 12% 100 Zinc 27% 14% 29 Va *103 common S per 21 Vb 8% 18% for the Week 14% 28% *123 Sales 97% 8 12 % 5 >' 27% 8% . 900 14% 28% 23%. 7.800 7 26% - 28% 40 par Friday 8 Va 12% No par 9% Jan. H 28% 40 __No par 300 27 *9% 9% 4,000 35,600 140 Vb 26% 27 29 Va 38% 1 36 32% 32 140% 28 Va No par 1% 35% 36% 140% 200 1.800 57% 36% ' • 15 100 27% 97% *1% 37% 30 *104 400 31,800 , 57 8 Va *28% 100 Inc 27% 8 No par pfd 27% 29 . ' 2.50 common 1% 97 % 1 !%' 8 No par YEAR'S DAY 99 37% : 2.50 No par *13 58% V 58% *97% (assented )_100 NEW 51 v 59% 5 ; 1% t per share 14% 13% 1% Jan. 5 $ per share • 4,700 87 109% Thursday Jan. 4 share 25% 25% *85 4,800 PRICES Wednesday Jan. 3 * per 140% 20 8.700 9% *108% 9% Monday ' 86 32% 32 32% 14 % : 35% 31% 140'/« 26% i4i/2 100 Co v: 35% 31% 141 9% 109 109 108 140 Vb 141 tper share 1 9% 25% 1% 1%. . 1.700 37 9% 1,400 87 112 *84% 34% *80% ~ 108" 33% 34% 87 14% common RR 34 :• *86% No par Jackson Canadian 25% 14 27 % No par Calumet & Hecla $4.25 257/a 33 % No par California Packing common 5% preferred ; Callahan Zinc-Lead Can 33 84 V2 *109 100 (AM) 3,500 30 13% 25% common Copper & 30 8% *29% 30 33% 14% participating preferred Byron 34 76 8% 8% *29% i23/8 26% preferred Co 33% 75% 76 8 8% 30 13% 23 Co Watch *75 75% 7% *29% 900 *3214 25% preferred- Bros *75% 7% 30 .-.No par Buffalo Forge Co Buff Niag El Corp 3.60% Butler 76 734 *29% 14V4 Burroughs Adding Machine..No 31 7 8 18 20% 26% common. Co Bush Terminal Bush Term Bldg 9 16% Jun 13 17% 21% 14% Mills Corp common preferred 3%% conv 2nd preferred 3%% preferred May 14 6 16% Jan 17% 21% 26% 4% 7 5% Jan 10% Jun 17% 14% Burlington 13 27 98 Sep 28 35% Jun 27 17% 21 5 preferred (The) 140 3,200 17% 21 26% preferred $5 11 3% Jun 15% May May Sep , 64% • 44 84 9 3 119 Budd Bulova 122 40% Jun 1% 27 3,900 2,800 18 14 % : A Inc Bucyrus Erie Co 30 27 36 13 1 Jun Oct Bullard 14 Jun July 7 18% Dec'- 31 Jun 60 35% 27% Mar 1% 7 Jan 105 Sep 13% Dec x97% Jun 4% May 27% July Feb 62 May 70% Jun 15% Jun Mar 98% 23% 125 Co 13% 30% 21 __5 Brunswick-Balke-Collender 14 17% 27/a Mar 19% Dec $3.60 31 19 Feb 89 Dec 13 12% Dec 24 Dec 6 73 Shoe Nov Apr Deo & Brown 7 19% Dec 73 114 Brown 12 91 Jan Deo 28 Dec 95 Apr Nov 12% Dec 20 100 17% 1 Union Gas Bigelow 40 13% 30% *99 21 2.50 (The)—; 102% Dec 13% 30"% 100 18 y2 26%* preferred Brooklyn 99 No par & 3%% 19 7 Jun Jun 88 Mar Dec 17 6 97 100 8% 39 6* 13 30% 99 LOW Stratfon Bristol-Myers Co common , 26 Deo 7y8 105% Dec Briggs 12% 30 % 99 21V4 Briggs Manufacturing Corp__No par , 13 Apr 12 V* Feb 77 79 Jan 7 14 77 81- 72% ' 16 95 Mar Dec 33 Jan 35% Dec 29% Jun Feb 9% Apr 12% 30% 99 38 18 Sat turday Bearing Co Airways Inc.. Brewing Corp of America Bridgeport Brass Co 10 86 90% Jun 21% May 43% Jun 24% Jun 16% 47% Jan 12% 30 *3 7 .*20% 9% Braniff - 12% 29% 99 Dei c. 31 Inc Maine 38 Ya *29% 30% 26% Roller Dec 23 8% Mar 30 76 78 Va Aug 29% Bower 38 61% July 6 26% Jun 27 12% Dec 14 7% Jun 11% May Dec Mar & Co 12% 30 y4 *98V2 . II Boston „ 27 -12" ,• ; class 13 3? 18% Jan 20,400 No par Brass B 2'% Jan Borden 29% Nov- 23 14 19% STOCK & Borg-Warner Corp 3 % % preferred 13 Jan 17% No par Co__ 12 14 98 17% *140% _ 28 14 6 ' 17 No par com Inc- 98% Dec 6% Jun 25% Oct 16 *37 No par 59% Dec 900 15% 10 Co Co *37 15% 100 YORK Stores 38% 14% 33%c com (Del) Bond 20 Va Jun 90% 15 Loan Aluminum Class 17% 14% 5 19% July 28 Dec 31 51 21% Jun 23% Sep 12'/a July , 15% Mar 8% 1% Mar 10% May 71 7% Dec 38% Mar "17% 10 common Appliances.. Boeing Airplane Ami 17% 14% 100 Bliss (E W) Co Bliss-& Laughlin 22% 17% l Decker Mfg Co Blaw-Knox 48% 8,400 Par Black 48% 1 Carpet Birmingham Electric Co 2 8% Jun 49% 55% 10 Co preferred Bigelow-Sanford 1? 10% Jun 16% 1 $ per share 19% May 14% Sep , Feb 16% *48% 55% EXCHANGE Deo 16% 48% 16% 55% —.100 1% NEW 48% 50 Indus Highest Dec X13 pfd Foods Range for Year 1949 Highest I per share 4%% Corp STOCKS Year 1948 48% 55% No par Corp Range for Previous Lowest 16% ' 55% 2.50 preferred Steel 490 400 *47 55% 100 preferred Bethlehem 21 2,800 70 48% 55% pfd $3.25 ser of 1946_No par Cum pfd $4 div ser of 1948_No par Benguet Consol Mining Co_18 pesos 7 Dec 12,300 22 V8 70 38 Cum 31% Mar 21 33% Jan 141 20% 21% 72 16% 1 3 19% 22% 69% 48% 1 29 20 % 21% 70 55% Best 22% Jun 20 22 69 38 Best & Co 23Va Jun 20% 21% 69 38 22 129V2 Jun 19% 21% 56 Dec 36 19% 21% *67% 56 12.50 common Packing Beneficial _ 19 69 *37 No par RR Home 1,400 1 Corp (AS) 14% 5 10 Oct Jan conv 10 50 27% Oct 37V4 May 13 10 Bendix Aviation 2% July 139Va July 1 common Howell Co Bendix 29 Dec Mar 26% " 31 109y2Dec & 4%% 18 85 ,, 10 pfd Aircraft Bell - 7 Jan Nov 125 Bell 5 It 19 (Delaware) 9% 21% Belding-Heminway 18 37% Dec div .Beech-Nut Mar 21 6% Apr 13 ■' 30% May 37% May t 26 14. 18% 21% Mills, Inc $1.25 1 10% Feb conv Beck Shoe , Mar 30 11% Jun 3%% Beaunit 9% *67'% Co Aircraft 27V4 Jun 30 24% 68 Foods 3 Mar Dec 9% Beatrice 8 14% 21 3. 6 9% 100 common Inc Dec 10% 50 Works Cigars 20V4Jan —- ^ 30 32% 33% Dec 101 Iron *i4y8 ; 100 Corp Brothers Bayuk _ preferred 4%% preferred Barnsdall Oil Co._ Feb B 15% 13 100 preferred Oil Barker 1 Works common Aroostook 5% Barber . 31 • & Conv 7 41 non-cum Bangor * 13 21 Vb Jan 8 45'.' 53 (B T) Inc Baldwin Locomotive Baltimore & Ohio July 27 287/a Jun , Nov 14% Jun 59 Dec 36% 15 29y2 July 31% Jun 4 x20 8 13 ' 80y2May Feb 60 ' Jun 8% Jun 16% July Mar 15% xl3 1% 1% 1% 1% 1% 1% 1 % 1% 1% 1% 8,400 5 4 4 Vb 4% 4Va 4% 4% 4% 4% 4% 4% 19,500 No Dar 1.66% No par 19 10% *100- 19% 10% 101% *19 10% *101 19 % 10% 102% 19% 10% 101 19% 19% 10% 10% 101% 101% 20 10% 102 20 10% 102 20% 4,000 IO7/8 17,800 102 100 *38% 40 *39 40 *38% 40 40 *40% 41 No par *19% 20% *19% 20 *19 *19% 19% *19% 15% 15% 15% 15 15% 15% 15% 15% 370 20 25 19% 15% 40 15% 100 32,400 Volume 171 Number 4871 THE • . COMMERCIAL NEW Range for Previous Lowest a? Range for Y'ear 1949 Highest , Lowest J per share Mar 47% Feb 18 56 40% Jan May Apr ' Aug 3% Sep 100% Feb 26V4 Dec 30 110% Dec 41% 12 % Dec ' Nov ' 35lJ/a 130 52% 1 Feb 3 9% Oct 31 100 Nov 39% Cannon Mills I 8% 102 ya Clinch & Ohio Ry Carolina Power Jan 25% Jun 14 35% Jan 29 Carpenter Steel Co 18 % Dec 14 Carrier 29 50 25 12% Jun 14 30% Mar 4 6 Feb 24 37% Sep 8% Nov JUn 30 Jun 10 45% Nov 131 Jan 11. T 146 Feb 105 July 97 140 May X114 21 19 Case (J I) 15% Jun 17 18% Jan 11 5% 18% Feb 14% Jun 29 17 21 Central 7% May 31 Jan 11% Mar 14 6 14 17 Jan 7 24 % Jan 8 7% 2nd Celotex Nov 108 83 5% 9% Dec 28 8 3 112% Dec 17 79% May 24 88 Va Aug 24 12 5 Dec 4%% 10 14% Oct 7 Class RR 13 14'/a Dec 30 Central & 9% Feb 28 13% Oct 29 Central Violetu 8 8% Dec 31 South 15 ! Dec 11 18% Dec 28% 21 % Jan 11 Nov 20 Apr May 14% July 13 12 Va 14 16% Dec 14 Certain-teed 24% Feb 33 Jan 31% Nov 23 Chain 31% Dec 31 May 6% July Jun 9% Jun ' 7% 76% 15% 15% 15'/4 15% May 16 9 Nov 9 Feb 11 14 Dec 13 15 Jan 12% July Jan 4''/4 7% Feb 24 13 % Dec 12"% Jun 14 20 % Nov 4 5% Jun 28 10 Jan 8 Jun 13 5% Jan 7 Mar 9% 7% Mar 30 Dec 33% 3 4% Jun 41% July 23% July Dec 26 Jun 13% July Apr 13% 3 21 22% July 15% July Jan 7% Feb 5% Jan 17 13 9% Jun 49% July 24 8% Jan 7 13 Jun 34% Dec 31 14 Dec 15 %' 9% 9 Via 9*4 9% 9% 5,800 4'/» 4% 41/8 4 15% 4% 1,900 15 15% 1'iVa 16 16% 3,500 10 x93/4 9% 8,700 2,600 15 *9% 14 29 Va Mar 30 49% Jun 28 55 % Dec 5 25% 42% Sep 25% Jun 17 41% Dec 30 Feb Jan 72% 56% Jun 15% July Oct Oct 10 82 14 8 13% Nov May 11 Dec 35% 3534 35% 35% 112'% *111'% 112% *111% 1121% 111% 111% 87% *86% 86% 9% 9% 871/2 N 8b % *86% 87 % 100 934. 9% 9% 10 10 10*8 10 10 'A 3,800 class A J 50 West _ Corp 12% 9 12 34 123-4 12% 12% 12% 1.23-4 12% 13 14V* 14% 14% 14% 14% 14% 14% 12% 14% 13Vo 13'% 13'% 13% 8% 6% 13% 13% 14 % 8% 8% *8% 8% *8'/a 18% 5 18% 8% 8% 8% 18% 19 1,000 18% 19:% 19% 161/4 20% 201/0 21% 15% 16 15% 30 16% 16% 17,100 16% 16% 16% 30'% 30 9,100 30 *29% 30% 1 16 *29 14% Highest Nov Oct 31 Lowest NEW Highest $ per share 1 60 Jun 30 Va Dec 20 36 14 68 % Dec 30 32% Sep 16 Cincinnati 105% Sep 7 29 % Dec 27 59% Dec 12 8% Dec 1 6 20 50% Nov 65% Jun 44 Va Jun 23% Feb 29% Jun 26 % 90 Nov 101 % May Nov 27 Jan 48% July Dec 10 97% Jan May x20 16% Jan 4 Feb 11 42% Jan 3 6% Feb 25 Jan 19 5 Va Jan 7 Jan 7 Jan 8 | Childs Co 5 Va % Chile Copper 4% Dec Apr 79% Jun Sep 21 33 Jun 25 Jan 3 34% Dec 15 Jan 21 May 16 Jun 6 19% Oct 1 20% Jun 14 30% Jan 8 Clark 38 W Aug 176 July Jan 88 34% Feb Jan 111% Jun 22% Nov 34% 108 % Jun 67 Apr 43 Oct ■' Nov ! 17 86 C C Jun 105% Dec Nov 15 36% Mar 108 85 Mar 43% Dec 9 22 Cleve Elec Oct 29 112% Jun 16 20% Jun 16 28% Dec 28 Cleve Aug 10 5% 105 78% May 47% May non-cum Jan 61% Dec 11' 29 108 73 Feb 17 43 preferred Cleve & Pitts RR Co, 1% stock Jan 26 18% Mar 10% Aug 23 15% Jan 19 24% Jun 22 35 Va Dec 13 Clinton 101% Dec 9 105 % Dec 13 10% Jan 3% July 11 21% Jun 15 5% Jan 12 30% Feb 2 75% Dec 134 Va Dec 60% Dec 133 92% May 183 Jan 63% 1332 July 31 Dec 70% Nov 17 54 July 45% Sep 1075 96 Nov 16 Feb 12% Feb 82% Jan 28 172 64 5 25 Jan xl3% Feb 9 7 J an 89 141% Sep 13 Nov 29% Feb Jan Apr 25Va May July 19 xl24% Jun Jun 1332 22 8 17 1075 Sep Jan 43% Dec 100 15 July 25 Dec 17% Jan 5 5 29 7 12% Jun Feb 22% Oct 15 Jun Dec 18% Jun 7 % Jun Nov 11 26% May 22% Oct 8% Jun 15 7% Jun 7 16% Dec 23 17% Jun 6 29 Va Dec 31 9% Dec 18% July 17% July 20% Dec 15 32 Va May 20 Nov 31% May 10% Feb 7% Sep 78% 16% Jun 13% May Dec 49 28% Dec 14% 13 19 Dec 23 24 6 19% Jan 24 10 17% Dec 27 22 7 7% Feb 10 48% Mar 21 Jan 9% Jun Jun Jun 37% Mar 22 2 17% Dec 28% Dec 13 Dec 13% Oct 68 % Sep 23 31 14 Special gtd 4% Foods 4% % 4% cum 18% Feb 36% Jan Jan 28% Jun July 21% Feb Pictures 11 27% Dec 14 25 60 Va Dec 12 12 28 13% Jun 22 107% Dec 20% Dec 29% May 25% Jan 3 30% Dec Dec .11% May 7% Jun 7 10 Va 31 30 Aug 22 Dec 36% July 24% Jun 30 30 % Nov x24% Dec 32 May 25% Feb 11. 34% Dec 31 4 Sep 6% May 25 % July 2% Jun 14 4% Jan 21 103% Feb 11 % Mar 108% Dec xl8% Jun 8% Dec 12% Dec 51 Jan 21% Feb X106 11 19 Dec 29% 10% Dec 15% May 15% July Dec 8% 7% Nov 29% £>ec 98% July ' Sep 33% Dec 90 Oct 10% Mar Sep Jun 106% May 106% Dec 42% Jan 99% May 17% July 84 Va Mar 92% 29% Nov 40 92 Oct 99 Nov 13 % 48% Mar For Sep 14 14% Jan 8 11% Sep 29 46 % Mar 11% Feb 23 21 Va Jan 7 14 12% Mar 8 13% 32,400 30 34 29% 30% 24,900 27% 27% 27 V 54% 54% 54% 55 55 41% 40'% 41% 41% 81 81'% 13% 81% 13% *12% Jun 7% Jun 15 27 113 % Dec 20 110% Dec 29 17 41 % Dec 12 Jun 93 Jun 13% Jan 85 Jan Jun 6% Jun 56% Feb page 18 13 3 5 6 Nov 30 17"% Dec 10 103. x98 Dec 14 6 37% Dec 14 15 102% Dec 7 So 2 24 9V4 Dec 13 78 % Dec 31 14% 900 3% 3% 4,800 461% 48'% 46% YEAR'S 30% 30% 30% 32 67% 66% 68% 30 34 66% 67% 30 47,300 30% 30% 30% 30% 31% 5,600 104% 104% 109 ^ 103% *104% 105 . 27% 28% 27% 27% 27% 23 58% 1,700 59% 53% 59 59 59% 5,100 82 82 82 % 82% 84% 84 33 33 33 32'/a 33'/4 33 33:/4 32% *17% 181/4 I8V4 *17% 7% *8 8 *120 43% 43 Va 28% • 29 62% 37 29 25 *1240 42% *99 Va *107V4 *70% 18 26% 44% 45 109% 110 108 *1071/4 29% *64% 65 *65 65% 37 *37 38 *37 38% 100 123/4 13 34 13% 34% 10,600 34% 34% 34'% 34% 103%. 103% 5VB 5i/4 103% 103% 103% 103% 1,740 5V4 5 V2 51/4 5% 3,200 25% 26% 26% 5,200 25%. 138 Va *75%. 163V4 54% . -J- 54 Va 253/s 138'/a *138 13% 139 77 77% 771% 164 164 V* 164V2 54% *1240 ■ 423/4 13 54V4 54% *1240 42% 100 *99 Vs 42% 100 26 139 *77% 164 54% 139 78 V2 165 431% 42% 3,060 4,200 16% 17 99% 99% 16% 17 16% 18% 20 18% 18% 20% I8V4 20% 13% 20 Vs 5,700 1534 20% 15% 2OV4 2OV4 15% 20% 15% 20% 15% 16% 5,300 16% 17 161/4 16'% 16 16% 16% 16% 163/a 17% 16,600 171/4 17% 17Va 17% 2,500 17 17 16% 17% 16% 16% 17% 17 17 17% 17 17% 17% 17% 16% 17% 17% 16 16 16% 17 16% 17 29 28 34 1,160 30% 29% 30 29 30 8,600 17 16% 100 17% ' 17% *100 100% 28% 29'% 29 29i% 29 12%, 29% 12% 12% 12% 12% 12 34 12% 12% *61'% 12% 63% 12% 13 12% *61% 63 % 12% 31% 63'/4 3134 631/4 31% 31% 20 20V4 20% 20% No pax No par 5 *16 28% No par 27 27 26% *62 10 700 970 3,800 26,500 1,200 26% 63% 63% 64 32 32 VB 32% 331% 32% 33% 1,600 20 Va , 20% 20% 20% 20% 20% 3,500 x26 26 10 59 % 59% 58 3 4 100 59% 107 Vs- 59% 107V8 107V2 107% 107% 107% 59 26% 5 91/4 108 27 261/4 300 26% 2,000 59% 59% 59% 2,700 108'% 107% 107% 520 No par 20'A 20% 20% 21% 20% 21 25 303/s 30% 20% 21 30 Vs 20% 20% 30% 30% 30% 16,400 30% 30% 30% 31% 10,300 4,200 No par No par No par Cigar Coppermines Corp Consol Edison of N Y $5 preferred Grocers 10% 5 . 10% 10% 10 Va 10% 27% 10% 271% 27 27 27 27 34% 34% 34% 3434 34Va 34% *34% 3'% 3% 3% 3% 3% 3% 3% 27% 26% 27% 3% No par Corp 27% No par com 1081,4 1.33% Consolidated Laundries Corp Consolidated Natural Gas Consol RR of Cuba 6% pfd Stores 13% 5 : *11 15 3 Va 273/4 27% * 109 13% 108% 13% 11% *11 43% 43% 42 34 17 27% 27% 109 28 xl08 13% 108% 10% 10% 10% 27% 27% 27% 27% *34% 34% 108 35 108 108 4 27% 4,300 1,100 10,600 21,700 108 % 300 13% 1?% 13% 13% 13% 11 Vs 13% 1,800 11% U Vs 111/4 11% 200 * ' 11 Vb 10% *11 1 43 43% 43% 43% 44 17 171/a 43% 17Vs 43% 17V4 18 2,500 *10% 100 Inc 11 % 17% 18 11 11 17 Vt 18 '/2 8,500 11 10% 11% 10% 11% 11% 10 10 11% 11% 10 2,500 1 10% 10% 10% 10% 10% 10% 10 34 10'A 10% No par 10% 3434 10% 11 34% 10% 11 11% 3,700 41,000 c__No par No par 111% 111% 110% 111 Inc Aircraft com preferred preferred 10c Container Corp of America com__20 4% preferred 100 Continental Baking Co com No $5.50 preferred Continental Can Inc 60 200 1,000 54% 12% Vultee 5,200 43% 23% Consumers Power Co 70 *1240 42% 12% Retail 300 1,100 20 100 Co 3,800 108 28% Elec 100 1,000 75 45 28% 100 170 110 291/4 1.000 1,300 63% 77 54V8 42% 29%. 74 26% *120 8'% 86 32% 12% 141 *75%- 100 44 109% 27170 *83 37 164%/ 165 55 29 Vs *62% 25% *138 76 *68 8 7% Va 12% 251/4 165% 44 3 110 *106'A 108 63'A 12% 4% 4394 7<t 8 37 *35% 12% 27 *120 109% 108 62% 27 170 *69%- 43Vb I—* O LD *106% *17% 27 70 *109 28% 8 *120 170 *69% 8 Va *12% Co 210 28 59'/4 12% Ohio 90 28 7% 83 *1240 80 58% DAY 141 Shares 30 34 123/4 Congoleum-Nairn Inc Consolidated 14 VB 3% 66 *103 Engineering Consolidated 141/B 3% *30 5% 42% 14 12% Commonwealth Edison Co Conde Nast Publishing Inc $3.75 CLOSED 109% for 3034 6 6 34 *30% 103% NEW Sales the Week $ per share 12% preferred Commercial Solvents $4.52 31 Friday Jan. 6 $ per share 30% EXCHANGE 34% *99% Thursday * 65% STOCK 67% 1033/4 100 3.60% $4.50 30% 5 54%. 200 46 34 ; 13 Va 46 103 *138 *l?3/4 . *45% 34% ...24% 13 '/a 46 103,% 103% 4% 12 No par Inc w w Consolidated Textile Co 27% 453.4 ' 34% 4,800 3% •*1061/4. 108 * 82% common__No par Consolidated 103% Apr 13% 3% 74 12% 82% 28% 13 105% Apr 13% 3% 170 *35% 82 Va 28 "2 23 4 133/4 3% *69 1 84% Jam 5 $ per share **13% *120 62%' 22,000 Jan. 4 '4 per share-' 18% *28% 433/8 PRICES 3% 28 ..*43% 42% Wednesday .Jan. 3 ■. 700 43V4 2.50 10% Dec May Tuesday , ^ 26% ; 13'/4 SALE 13% 59 •*109 81% 55% 16% 12 % Apr . 80% 1,500 55 29 VB 36 Jun | 42 ' 16 'A 6 8 Jam 26% 20 Superheater Inc Commercial Credit common Consolidated Monday $ per sli*re 42 % *12% HIGH 55% 28% System Carbon Consolidated AND *55 27% 2.50 preferred & • 47 58% No par preferred. 29% July 26 May 5 10 95 Oct 4 13 30% Jun see Oct 23 July 64% footnotes 109 17 Jun May ' 6 29% Dec Feb 8 16% Mar 35% Apr 25 2 38% Jun JUn 37% 12 34 30 27'% 28 Corp com__No par preferred 20 Gas Jan Nov Mar 12% 30 % 27% *7% ; Iron $4.25 46% Feb 95 25 27% 12% 28 3 8 67% No par Columbia Columbus Nov 8% 11% 28% 27'% 76 Columbia Columbian xl6 29% May 11% 2734 *165 2nd 5,400 *26% 100 28 14 53% July 104 preferred 25 31 23,500 • 273/8 (The) common_No par non-cum 32% Oct 34% 8% 34% 27% *30 100 Columbia Broad Sys Inc cl A Class B ; 22% Sep 34 8 33% 34% 13% 3% No par Colorado & Southern Ry com 4% non-cum 1st preferred 13 45,300 11 13% 1 Collins & Aikman Corp Mills Inc 29 1,500 8% 3434 *45% * 100 Colonial 26% Jun 4% 8% *17% No par Combustion 90 pfd preferred 18% Jun Apr 2nd cum 4% 8% 18% Coca-Cola Internat Corp No par Colgate-Palmolive-Peet com__No par 4% 4'A 8'A 33% 26 % 1 A conv 4'% * Coca-Cola Co 5 % 8% 8% Sper share _50 preferred Fuel & 8% 34% 100 ; 7% Colo 8% 4 *53% No par Corp $3.50 8% 7% *12% 100 Cluett Peabody & Co com Class 2,700 11,100 8% 18% Inc conv cum Clopay 13>/B 21% 32% 81 1 Climax Molybdenum Jan 36% Dec 123/s 20 26% 50 16,000 12% 20%. 8% 82% gtd 13% 12% 20 11% *32% , xl3% 12% 2OV4 41% 100 „ 3,700 12%: 81/4 31 No par 10% 193/8 4% *103 com 2,800 10'A 13% 13 4% 19% 40% Illuminating com__No par Graph Bronze Co 35% Feb 12% 500 45/8 12% _20 $4.50 preferred Nov 36 V8 May 147 July 13% 34,200 82% 4% 10% 19 % 8% 100 preferred Dec ! 10 3/a 7% No par & St Louis Ry Co com C 5 % Dec Dec 10% 5 12% Dec 10 % 4Va 8.50 com Equipment Co 39 4% 10'/a 4 100 23% 27 Va 93i 12% *82 300 27 25 Elec City Stores Co July 9% 13% 29% 60 3.100 27 • Cincinnati Milling Machine Co 10 C I T Financial Corp No par 5 Dec 80 82 4% 13 9 24 %. 29% 29:% 82 8% 1 City Investing Co common 5%% preferred City Products Corp 15% 176 29% 4% 34 10 preferred 75% 27% Mar 29% 82% 4% 8 25 24% 84% 283/4 x82 % *12 300 5,300 99 Va 24% 4% 12% 30'% 33% *8% 25 28% 10% 100 & 8% *23% 83% Dec. 81 Co Gas 8% 8% 24 *43% LOW common 30% 98 8 34 24 6,200 33% 331/2 98 28% Saturday preferred 33 98% *82% 4% 19% STOCK Chickasha Cotton Oil 9 25 5,300 23,100 *98% 32% 7% No par Chrysler Corp Apr 25 Jun Va 3% Par Jun 2% Jun 34 *23%: 82 EXCHANGE 35 7% 8 31 *98 V 28% 12% 100 $ per share xl3 19% 8% 25 19% No par A series YORK 19% May 4% Apr 36% 8% 100 Chicago Yellow Cab 42 Feb 98'% 82 preference preferred 63% May ' 31 98'% 28% No par Chic Rock Is & Pac RR Co__No par Range for Year 1049 $ per share Feb 2% 44% 301/2 98'% STOCKS Year 1918 Lowest 31% . — com 30% 30% *971/4 1.25 vtc 100 14% 1 preferred » 12% No par — 3b 12% No par Mfg 35% 36 14% ; 9.50 Products Range for Previous $ per share 353's.> 12% 50 com_5 Co Chic 7.nd & Louis Ry Co class A__25 Class B __No par Chic Milw St Paul & P vtc__No par Conv 9% *86V2 Copper Corp convertible , *111% Champion Paper & Fib com__No par $4.50 preferred No par $3 15% 10 301/8 5% preferred 100 Chicago Pneumat Tool com__No par 21% Jun Jun 9% 87% Co A 9% 9% ' " Series 15% 112% 8 May 9 % 93/4 153'8 36% 36 % Jan 9 40 8 % 9 4% *86% Chicago & Northwest 57 100 1,100 9% 4 *111% 7 Dec 21 15% 9% pfd__100 Jan 49% Mar 15 4 9% 12 50 9% 13% 85 13 13 500 v. 4 Va Chicago 'Corp (The) : 1 Chicago Great West Ry Co com__50 5% preferred 50 28 Jun 17,300 • *15 15% 4% Nov 3% Jun 341/2 9% Chic & East 111 RR Co com__No par Class A 40 7 8 16- 133 4% *23% 7 34% Jan 77 15 105% *132 ' Chesapeake Corp of Virginia 5 Chesapeake & Ohio Ry common__25 3%% convertible preferred 100 28% Jan 30 Jan x87% *105% 133 15% jl5 5 Checker Cab 9 July 17% July 14% May 137 10544 *132 200 9 90 69 Va *1051/4 34V8 17% 9 Feb 105 105 131% *17'/4' 9 % Dec Feb 10 105 131% 17% 98% Dec Dec 45% 34V8 104% 131% *17%. 14 7% 6 34% 104'/a 131% 17'% 5% Aug 31 17% July 18 4 12 34% 1041/2 131 % xl7 91 Nov 100 17% Jan 27 6,100 *17'% Jun Jan 35% 105 Va 5,700 JUn May 35% *104% 193/s 15% 30 35% 105% 19% 26% 45% 33 % 35% *104% 19% 100% Dec 40 35'% 19% Dec 251/4 Mar 800 140 19% Feb 31-% 140 3,900 xl9 22"% July 8 18% Jun 13 Jun 141 200 8% 39% 39 18% Feb 17% *8 Va . 18% 1 Sugar de Pasco Belt 8 1/4 18% Century. Ribbon Mills Cerro 36 100 of 10% Jun Dec 5,200 36 % 17% __ 7% 1,000 17% IO51/2 35 *104% 33% 3,800 32% 18% _ lO'/e 32% 33 17% *17% Co Corp 3.40% Co B 35:% 105 x32% 40 % *140 141 140 *31% 8 39 % *140 3b 11,300 *103. 40 8 38% 140 *36 10 9 104 8% 105 20 preferred Central 140 323/4 8 8% 39% 9 Va *104 _No par Hudson G & E Corp__No par Illinois Light common * Central NY Pr 11% Oct 21 32% *131 of Ga Central 141 104% 100 Aguirre Sugar Co Central 36% Dec Oct *140 Ry Co vtc No par preferred series B vtc 100 2 8 _ _ common Central Foundry 4 May preferred Corp Central 104% Jan Jun Oct common preferred 33% Nov 74. *8 39% 35 Jan 100% 36 % 36 105 20% 6% Mar *35% 35% Dec Jun 18 105% 1 3 32 17% 35% 13 12% Jun 33'% 31% 17% *104% 13 Sep 32% 32 17% Preferred 4.20% 100 Celanese Corp of Amer com__No par $4.75 1st preferred No par 26°/4 Jan Jun 32% 31% 171% 3 132% Dec 11% 32% 31 28 105 V2 Dec 38% July 8% Mar 32% 34% Dec 100 Tractor 8% 8% 104 % *35Ve 40 *39% 700 100 56% 8% 104% Dec preferred.* 17 12% common 48% 16% 103V2 10 1% 15 Dec Co DAY Shares *5f;'/4 17'% 8 8 48% for the Week *lb 8%' Caterpillar Apr 23 Feb 35% 1 48% 30% YEAR'S Sales 16% 32% CLOSED NEW Jan. 6 $ per share 58 16% *56% 103 % 14 Jun Dec 35% 8% *103 28 13% Jun 6% 171/2 48% 16% 29% 17% 48 % 58 STOCK EXCHANGE 32 Va 29% 48 *15% *56% Friday ' Jan. 5 16% Nov Jun 5% 32% 5 10 .i common Conv preferred 4% series Carriers & General Corp 34% 22% No par 48 » Thursday $ per share share 56% 37% Dec 100% Aug 29 23% Apr 22 Jun Corp 48 $ per 56% 102'/a Carolina 28 Light $ per share 11534 8% 100 Feb Dec & $ per share 58 33 7, Jan. 4 16% *56% (109) PRICES Wednesday Jan. 3 49% *16% 108 17% . *48 1 SALE HIGH AND Tuesday Jam 2 share 10 preferred A Capital Airlines Inc Feb 90 common $3 7 Feb Dec No par = Capital Admin class A 17 97 6% S per > Monday Dec. SI Par 22% Dec LOW Jun 123 16 CHRONICLE RECORD Saturday : 26% Jan 147% July Feb 5 21, 26% Jun 22 Dec 16% Dec 56% Nov May 9 Dec 51 5 4 5% Feb 23 19% May 43%. Jan 6 !/4 Mar STOCK STOCK $ per share 12% Mar 23. Mar YORK July 32 30 YORK EXCHANGE 50 8% Mar v NEW Highest $ per share Dec 11 48 % FINANCIAL STOCKS Year 1948 $ per share & 39 ' 1011% 34% 111 *110% *3434 34 34% 34% 111 110% 110% 110% 111 110% 111 *110% 110% *110% 110% 20 39% 391% 39% 39 % 2,200 " 39 38% 102 *101% 39 102 39 preferred Continental Diamond Continental Insurance 17% 17% 17 17% 96% 96% 96% 9534 36% 37 35% 36% 35Va 102 17% *9534 20 No par Fibre 39% 102 par No par common 34'/4 110% 111 111 '102 10234 5 8% 8% 10 78% 78 % *10134 - 103 192 102 34% *1001% 102 3,300 230 60 1'7% 17% 96 Va 96% 96% 96% 96% 140 36% 36 Vt 36*8 36% 36% 6,700 18% 17% ■ *102% 34% 103 *102% 103 8% 8% 8% 8% 8% 9 77% 7734 77% 77% 77% 78 *102 9 *77% 13 % 8,200 103 9% 3.100 73% 900 9' JO COMMERCIAL & .FINANCIAL THE (110) t per share Highest Lowest Highest 8 per S per share share Jun 5% Jun 14 8% Jan 69% Jun 47% Feb 11 65% Oct Apr 11 % Jun 14 15% Jan 3 19% Jun 28 24% Dec 29 Mar x49% Mar 19% Feb 8 IS 17 Cornell Dubilier Electric Corp 3 58% Dec 20 Apr 28 30% Dec 6 94 Jan 10 102% Dec 16 92% Jan 3 Sep 28 49% Mar July Mar 177 102 73% Dec Jan 6 171% Jan 6 57 Oct 3% Deo b% Jan 3% Mar 23 5% Dec Deo Feb 1% Jun 18 2% Oct 31 Feb 39% Jun 21% Jun 13 98% Jun 96 Jun 27 14 8% Jan S Feb 7 29'A Dec 19 % Jan 7 26% May Nov 36% Deo 36% Jan S 23% Deo Jun 20 Jun 14 30 Dec 3 91% Feb 103% July 94 Mar 17 105 Dec 20 Deo 129 Jun 90 May 24 99% Dec 30 16 24 Jan 7 16 72% Jan 24 5% Apr 21 27 Cuba Dec 2D 12% Feb Apr 166 7% 67% 46% Mar 34% 28% Jun 14 Nov 78% Jun 49 Nov 34 Jan Jun 177 Deo Deo 5% Jun 13 July 47% Deo 61 Feb 14 145% Oct 28 43% Jun 28 18% Feb Sep 28% July 137 Prior 52% Nov 9 3 9% Apr 14 24% Jan 4 7 49'A 49% 49'A 11% 11% 11% 12 57% 58 58% 59% 59 59% 59 59% 710 30% 3,ICO com 30 30 30% " 20 ' 101 101 *100 101 101% IOIV4 *101 102 *101 102 *101 102 101 % 101 'A — 10 70% 70% 5,700 71% 72% x71% 72 185 % *183% 185 % *182% 185 5% 5% 5% 5% 5% 5% 5% 5% 5 5% 7,600 2% 2% 2% 2% 2% 2% 2% 2% 2 2% 2,900 28% 9,800 72 72 *184 27% *104 29 *28% 17 16% *39% 29% * 104 39% 40 *104 104% 101% 99% 16% 16% 56 55% *22% 15% 7% 10 16 *67 11% 11% 29 % 29% 104 104% *103% 104% 100 *99% 101% *99% 101 % *100 102 16% 16% 17% 17% 17% 17% 17% 4,700 55% 56 56 56% 57% 57% 58 1,000 28% 8% *67% 8% V 'A 620 18% 7,800 130 *160 8 30 68 % ' ' im 8% 11% 12 11% 12 *11% 12 *25% 25% 25% 25% *24 25 7% 7% 7% 7% *120% 49% 49% 7% 20% 20% 49 49% 7% 50 % 123 50 1,600 200 7% 26,400 125% 350 7% 125 123 123 U _ 11% 123 — 7,200 68 *67% 25% 7'A 7 *120 8% 68% 8 *67% 16% 16% 180 *160 110 25 23'A 23 16% 180 *160 8 22% 16 Va 15% 16% 28% 24 *23 24 *25% 7% 50 4,800 29% 104% 11% 25% 6% >4.9% 39% 104 29% 69 25% No pax 500 39% *67 121 39% 39 % 39% 180 SJ0 121 5,900 *39% 39% 7% 8 400 16% 16 7 16% *160 68% 29% 16% 29 16% *22% 24 180 *160 3,000 *28 Via 29 16% 28% 14 8 29 16% *28% 106% 105 13% 17% 29 16% 56 100 100 '• *99% No par * 14 104% 28% 29% 28% 28 % 13% 90 184 183 % 107 *105 13% 13% 13% 71% 185 27% 105 *104 107 70% 185 27% 27 27% 27 27% 17 No par preferred 30% 29% 29% 29 29% 420 5,500 *49% 50% 1,600 8% 44,900 21% 3,200 ; Jan Curtiss-Wright Class 1 7 7% 7% 1 20% 20% 100 *134% No pox 23% common A Cushman's Sons Inc 7% 21 26% Jan 137 Mar 14 133 Cutler-Hammer pfd Inc 19"% Sep x31% May 49% 11% 10-1 No par ■ 7 9 21% Mar 49% 11 29 : Publishing $7 preferred Dec 7 3,300 151/4 *49 11 *49 DAY t 24 18% Jun 14% 49'A 10% YEAR'S NEW No par Jun 12% July 133 / Jan Inc Curtis 109 1,200 15% > Cunningham Drug Stores Inc 4% Feb May 4% Press 31 27 13% July Aug Cuneo 1 12% *100 100 8'A Oct ib 12% 15% 2.5b preferred 13% Feb 10'A Nov Jan 150 4%% 12% 15 13% Cudahy Packing Co common 27 12% 15 14 common_.lt 108 — 12% 105 pfd non-cum 25% Dec 17% May 24% Feb 6% RR Cuban-American Sugar 1% preferred 54% 15 14 No par No par 23% *54 12% *104 preferred 30 Deo Dec Feb com Feb 28 11% 7 Jan 73 Corp *23% 12% 1 preferred 2,200 1,800 24 55 *54 14% 49% 29% 14% 12% 15 14% *49 31 Zellerbach conv CLOSED 100 America of $4 2nd preferred Crucible Steel of Amer com 6 May 28 100 1 1 common preferred $4.20 8% Mar 29 27 Jun 60 $2 Crown 16% Dec 160 8 May 15% 122% 31 7 12% Feb 24 160 13% May 88 July 21 17% Aug 13 42"% Apr ■ 100 100 Cream of Wheat Corp (The) Crown Cork & Seal com 17% 13 23% 55 *54 55 *54 I 57'A preferred Creameries 6 i 23 Deo Co 3%% 19 13% Oct Jan 13 24 % Crane 7 Dec 14% Nov 13 57% — 32% Jan 104 EXCHANGE 11 Glass Works common preferred Cum pfd 3%%- ser of 1947 Corn Products Refining oom 7% preferred Coty Inc Coty International Corp 31 3% STOCK 55 10% 3%% 6 6% *54 1 Corning 28 Sep 189 com Bank & Tr Co—30 Corn Exchange 21 164% Deo 23% Feb 66% Ma* 66% Deo 23% 11% Dec Deo .20% 23% 52 98 96 23% 19% Jan 56% >. 23 % 13 Oct Deo 23% 90 Nov Mar 57% 14% 58% 14% 20 86 8% 6% 58% 14% .Tnn 88 x21 6% 57% 14% Dec 97% July Sep 6% 58% 14% Jun Feb 1% 6% 57% 13% 7 Nov 29 6% 59% 13% 12 18 82% 6% 58 13% 49 60 Not 17,100 13,700 6% 60 Oct 15% Jun 67% July 23% Oct 9% Shares 6% $3 prior preferred 17 the Week Jan. (> $ per share 13% 6% for Sales Friday 5 Jan $ per share 59% Not 21% 60% 13 12% Feb 13 Jun 9 t per share t per share 8 Corp Cooper-Bessemer Corp 05% May LS Jan. 4 Sper share Thursday Wednesday Jan. 3 14 Delaware Oil of Steel 8 per share 5 No par Copper Range Co No par ' Copperweld Steel Co common • Convertible pref 5% aeries 50 51% July 1» July 60 42% Mar Continental Continental 27 Tuesday Jan. 2 _1 Continental Motors: 7 10% Feb 14 Par ( per share PRICES SALE HIGH AND Monday Dec. 81 EXCHANGE Feb 0 46% LOW Saturday STOCK YORK NEW Range for Year 1919 Year 1948 Monday, January 9, 1950 RECORD STOCKS Range for Previous Lowest STOCK YORK NEW CHRONICLE Jun 18 lfiv4 Mar 18 Dana Jan 4 96% Nov 28 0 14% Dec 3%% pfd series A_ Davega Stores Corp common 5% conv preferred Davison Chemical Corp (The) Dayton Pwr & Light common *134% 138 7% 7% 20% 21% 23'A 23% 7% 7% 20% *134% 138 *23% 23% 7% 20% 138 *134% 23% 23% 21 *134% 138 23% 23% 108 23% 2,500 7,000 D Oct 86 18% 94% Jun 87 Dec 20% Jan 11% July 14% Deo 17% 18% Feb 28% July 24% Feb Not 94 8% t 3 26% Jan Not 15% Jan 92% Jan 11 7% Jun Jan 13% Jan Jun 46% Jan 30% Jun 13% *15% 15% *15'/2 16% *15% 16% 100 22% 23'A 23% 23% 23% 4,700 30% 30% 5,000 97% 971/2 *15% 16% 15% 15Va 1 22% 22% 22% 23 97% *99% 80s 10% 11% 9% 9% 29% *96% 101 *99'A 24 30% 30 30% 97% 97% 97% 99% 99% 101 . '• 170 *98 99'A 40 2,900 15,400 11% 9 11% 11% *111/4 xll'A 9% 11'A Hi/4 9% 9% 9% 10 9% 9% 23% 24 23% 23% 1,800 39 39% 38% 39 % 9,200 36 36 36 23 % llVa 1 22% 22% 22 22% No par 38% 39 38% 39% 38% 39% 36 30 36 36 36 36 23% 30% 29% 30% 30'A 30% 31 31 % 31 31% 4,300 9% 9 9% 9 9% 15,100 Deep Rock Oil Corp Co 30% 97% 30 30% 97% 101% AO* Deere & 30% *.9C% Co 12 7% ; 29 -100 14% common 3t preferred 22 *35% 400 36% Sep 15 40% Jan 21 Delaware 5% Jun 18 9% Jan 7 Delaware Lack & Western 50 8% Jun 20 22% Dec 19 Delaware Power & Light Co—13.80 21% 21% 21% 21% 21% 21% 22 22% 22% 22% 2,900 1100 28 29 % 28% 28 7A 29% 30% 29% 30% 29% 30 7,300 100 53 53 % 52% 52% 53% 55 54 55'A 531/4* 54 12% 12% 12% 12% 12% 12% 13 13'A 13 13 1,500 21% 22 21% 22 22 22'A 22 22'A 22 22 'A 9,300 53 53 53 A 34% May 31 Jan 50% 26 13 % 97 *13% 14% 13 Feb 38 % Feb *95% 13% Inc Records 27 Jan 29 43% Oct 13 97 *13% 14% 15 Mar 29 29% 7% Rubber Dayton 42 *95% 13% 7 lot Decca Deo 97 *13% 100 7 Deo *95% 13% series A 9 Sep 8% 14 97% *13V4 series B 9% Jan 31% 13% *96% 13% 14% 3.75% 12% Nov 27 14% 97% *13% 3.75% 30 4% May 31 Jun 14 17 xl4% *96% l.tO Preferred 98% Aug 18 100% Dec 28 4 Jun 94 92 15 .100 Preferred May 12 31 Jun Sep 84 17 V8 May 2 22% Dec 13 13 xl6% Mar 31% Aug 82% Jan 15 Jan 8 Corp common Jun July Jun 19 100 & Hudson 9 9 8% 9 Denver & Rio Grande West BR Feb Escrow ctfs Escrow for 32% Mar ctfs 20 Apr 8% 60% 29 14 53% Dec 29 12 14% Dec 16 Derby1 Oil Co 3 23% Sep 16 Detroit Jan 10 Detroit Hillsdale & swrrco. .100 9% Jan 7 Detroit-Michigan Stove Co. 2 Detroit 20 21% May Dec 30% Dec 34% Jun July Dec 66 18 19 39% July 68 Jun 12 % Dec 14% Jan Jun 7 4% Jun 29 50 13% May Jan 68 24% Mar com for pfd (The) 8 1,20 Edison Steel 16% Jan U% Jun 20 13% Nov 21 Deo 28% Jun 16% Jun IS 22'A Nov 3 Devoe & Raynolds class 46 Jun 31% Sep 20 40 Jan 7 Diamond 37% Sep 21 45% Feb I 14 13% Dec 31 Diamond 35*% Mar 15 Oct 6% 22% 14 Dec 19% 26% 6% 38 Feb 11 Deo 19% May 9% Jun 6% Jun 13 9% Nov 17 Diana Stores 13 Mar ;19% May 12% Jun 13 18% Dec 19 Distill Range for Year 1949 8 per share Lowest Highest Car Co 13 13 13 13 13 Xl2% 12% 2,300 s 21% 21% 21% 21% 22 21% 21% 1,500 1 39'A 38 'A 39 38% 38% 38V4 38% 2,300 *40% 41 40% 41 41 41 41 41 41 41 13% 13% 12% 13% 13 13% 13 13% 13'A 13% 9% 18% 9 9% —1 18% $ per share $ per share Saturday EXCHANGE Dec. 31 Jan Dlvco 18% Deo 20% Obt 9% Feb 24 17 26 Not 41 Jun 24 % Feb 14 38'A Nov 22 46% Deo 56 Apr 45% Jun 13 53% Nov t 4 f per share Par tper share Monday Jan. 2 tper share STOCK 10% 11 10% 11 11 »A EXCHANGE 36% 36% 36 % 36% 36% Jun 14% Mar 29 July 1 38% Dec 16 Doehler-Jarvis No pax t 36 12% Jan 3 18% Sep 20 Dome Mines Ltd No pax 16% 16% 47 Nov 67% Apr 48% Feb 7 72% Oct 24 Douglas Aircraft No pax 71% 72% 32% Feb 50% Oct 43 *Dr 97 Feb 106% Jun 101 90 Feb 106% Oct 101 x18% Nov 31% Jun 15 57% Dec 13 20 Apr 123% Dec 16% Dec 1 Pepper Co Dow Chemical Corp Co 2nd 15 $3.25 24% May 4 86% Jan 21 Dresser Dunhill 55'A 13/64 36 55% 13/64 No pox *109 113 No pox preferred Industries 3%% _ig common. Rights $4 preferred series A 10% *121 121% 18% common 18% NEW YEAR'S DAY 36% 1,400 16% 17% 13,800 70% 72% 7,100 54% 55 Vh 54% 55% 13/64 13/64 13/64 13/64 113 109 109 121% 120% 122% 18% 18% 19'A 18% >81% *109 121% 18 *81% 82% 20 *20 20% 20 20 200 14 14 13% 14 2,600 61% 61% 61% 61 % Feb 28 124% Oct 1 Preferred $4.50 series No pox *123% 123% 123% 123% 3 102% Aug 26 Preferred $3.50 Beries NO pox 102% 102% *101% 102% 124% 119 jun 99% Jun 8 20 115% Jan 12 Duquesne Light 5% Dee 15% Jan 9% Jun IS 12% Jan 10 D W Q Cigar Corp 18 Deo 26% May 15% Jun 14 20% Mar SO Xagle-Plcher 13% Oct 13 Jun 14 16% Mar 29 Eastern 116 Jun 13 Deo 20% May 18% Not 12% Deo 22% 88% Fob 167 Sep 80% Dee 14 Deo 82 Mar 10% Deo 92 Dee 7% July 11 33% 92% 16'/a 8% B% Jan 89% Not 11 Feb 16% 82% Feb 87% 1% not 56 13 13% Jan 7 38% Jun 13 Jan 5 21% Jun 7 164 Jun Deo 14% Apr 13 Jun 88 12 Jan 10 v« Feb 4 Jan 94% Oct 19 Jun 19% May 106 16% Dec 14 7% Jun Jan 46% May 175 Jun Jan 48% Nov 30 202 Oct 7 19 Dec 13 96 Dec 21 14% Dec 30 101 May 2 6% 4%% Kodak 11% 11% 11% 11% 11% 46% 46% 46 46% 4 6'A 47% *173% s 30% 158 100 10% Jun 2 13% Mar 24 Elgin National Watch Co 17% Jun IS 28% Nov 7 Elliott Jun IB 75 5 Co 5%% NO pax 11 —If common conv -If preferred. .18 41% Deo 49 23% Aug 2 Fob 20 Ve July 8% Jun 14 May 16 14% Dec 31 El 12% Emerson Electric 9% Mar 12% Jan 18% Deo 12% Jun 17 18% Nov 23 Emerson Radio 18% Nov 23 Empire District Electric Co 35% Dec Endlcott Johnson Corp 5% 51% Oct 21 29 preference Natural Paso 16% Aug 14% Jan 8 29% Deo 34 Jan x29% Jun 10 97 Feb 104 Jun 100% Jan 24 105 Dec 13 NOT 4% Jun 8 7 Dec 23 Equitable 16% July 9 % Jun 13 14% Jan 21 Erie 9% Feb 10% Feb 65% July 48% Jun 09 Sep 68% 55 4 Deo 9% Deo T% Mar 84% Deo 8% Dec For Apr 1 July 12 Jan 3% Feb 25 20% May 11% Jan 6% Jun IS 6% Jun 9 ongc 81% Jan 24 4% RR 5% Erie 5% Dec 29 Eureka 10% Jan 7 Jan & 1,900 96% *95 96% 96 % *95 14% 98 14% *96 Evans rr Co— Products 28 11% Dec 13 Jan 4 61% Dec 17 Ex-Cell-O Jun IB 5% Apr 6 Exchange Eversharp 14% *96 . 14'A 14% *96 98 9% 46'A 5,600 i 16% 17% 17 17% 17 17% 6,400 ! 35% *35 35% 35 % 35 V* 100 i 1% 2,600 1% 1% 1% 1% 1% 39% 39% 39% 40 "A 40% 12% 12% 26% 27 12% 12% *69 72 *70 50% *50 50% *50 50% *50% 12% 28% 12% 1,300 27% 4,400 73% 100 50% 27% 50% 20 27% 27 % 28 27% 14 14% 14% 15% 15 15% 14% 15 17,200 16% 16% 16%. 16% 16% 16% 17 19.100 18 3,900 17% 33 34 103 % *6% 7 6% 10% 11 10% .100 55% 55% 57 57 56 *56 17% 27% 17% 17% 33 *33 333/4 104 *103 103% 6% 11 56 % 59 7 7 10% 11% 55% 55% *56 59 17% 33 'A 103 28 17% 17% 33 33% 103 7% 103 56% 33'A 11% 31,800 56% 56% 14,200 56% *57 60 1,300 . GO 5% 5% 53A 5% 5% f'A 6% 5% 8% *8% 9% 8% 9% 9% 9% 9% 10 5% 9% 10% tJO 140 7% 5% 10% 10% 10% 10% 10% 10% 59 Inc Corp 900 103 11% 12 *57 4,700 7% 7% U% 28% 8% -§ 2,200 26% 50% 26% 41 *71% 7a 17% 8,700 • *35% 12% xl6% 59 59 59 59 60 60 *3% 3% 3% 3% , 8% 45% 69 17% a 8% 26% 14% 1,900 46 Va 12% 17 80 14% 98 8% 69 16% 96% 4G% 26% 103 Co Buffet Corp. 8% 46 *95 12% 103 M 1% 40 98 71% *33 81 100 1 , 17 35% 14% 26% 27% , 4,700 19 12% *50 150 30% 18 26% *69 No pax common Pittsburgh g If common Bldg Williams Corp 3 10 Phonograph preferred series A. 31 68 Office 1% 39% 13 % Mfg Co- preferred 38 49% May 7% Mar footnotes 13 1% 39% 27% Gas & 1% 39% 179 30% Electric Storage Battery 16% *35 177 175 17% 12 17 35% 172% 18% 10 16% 8,700 30% *35% 48 6% 14% *96 6,000 47% 18% Convertible preferred No pax Elec & Mus Ind Amer shares Jun Jan 98 11% 30% Electric Boat common. jun 4% 14% 11% 47 % 18'A 14 74% 14 96% *96 175 11% 47% 30% 30 22 27% 42% Jan 98 14% •' *171% 11% 47 *17% 30% 8% Deo Oct 17% 176 45% (The) Not Nov *17% 17% 8% Auto-Lite 19% Jan 30 *96 • SJt common 66% 17 800 15% *15% aot 48% Deo 12% Deo xS8 34,400 15 »A 153A *15% 45% 36% Oct Jan 5,100 15% 15 15% 15% 8% 17% Dec 2% Jan 18% 15% 18% 14% 15% 45% 32% Mar If 61 18% 16 153A 18 14% 15% 8% Oct 7 18% 18 14% 45% Jun 13 18% 17% 173% 190 1,400 10% 14% 30% 400 11 10% 17% 176 300 114 i0% 14% Co 114 10% .it common. 102 10% 8% Electric iy8 Jun Co 35,500 123 113% 45% Elastic 34 % Jun 10% 62% x123 xl01% 113% _1 14 25 Jan *10 61% 62% 123% 102% 113% .1 8% Dec 45% Dec 2% May 10 61% 123% *102 113% at preferred Stop Nut Co 1 6 Jun 114 102% 17% Corp. preferred 33% Apr 29 12% Feb 25 Jun 10 114 62 123% 15% 11% common. Products Co 4% % *113% 114 61% 123% *102 -i Edison Bros Stores Ino common—1 Ekco > at preferred Manufacturing Eaton lit t Inc. Stainless Steel Eastman 26 32% Jan Eastern 1st pfd Co Airlines Eastern Corp 13% & Co— Common 10% 111% Aug 112 100 82% 13% 97% Jan Jan Feb 94 82% 2,800 23,300 20 18 113% 19% *81 % 500 123 18% 14 63% Nov No pox 121% 19% 20 14 I) 122% 82% 43% Jun (E 122 13% May Nem 840,800 109% *18% Deo tie 22,000 •A 109% *81% 11 Corp 55% 13/64 A 13% 11 14% Oct Pont 54% 55% 109% 81% 20% Oct IS Duplan 55 13/64 *109 20% 8 8% Jun Du 36 16% 72% 11% Mar 12% 36% 16% 78 81% 2,200 71 July *13% 11% 16% May '*20 11% 71% 18 1 250 11% 16% 98 100 300 51% 70 20 preferred 1,500 38 51% 16"% Deo conv 13 52% 71% Jan International 13 *37% Shares 16'A 12 19 *51 for the Week share 70% CLOSED 83 Sep 12% Sales Friday Jan. 6 t per 38 52% 25 i 13 37 *51 10 1 37 12% *36% Feb 5,100 16,800 13 12% 37 Va Jun 9% 18'A Thursday 52 Jan 9% 17% I per share 50% 19 108% Sep share *12% 10% f 9% Jan. 5 Jan. 4 t per *36% 23 15/64 Dec Wednesday 12% 40 22 29 - 51% Feb 29 v- ,'s; 37% 12% Nov Apr Jan. 3 tper share 4,000 PRICES SALE *37 Deo /a .V ! 800 18% 9 % 18 *51 1 11% ft Dec 10 , 18% No pax 29 12 HIGH Tuesday . 9'A 17% lSi/s '/ No pax Corp Dixie Cup Co common Class A Dr. 10 • 9 91/8 17% LOW AND STOCK YORK 500 21% .100 Corp NEW Highest 4,400 22% 12% 13 STOCKS Year 1948 | 7% 22% 71/4 3 Corp-Seagrams Ltd— Range for Previous 23 30 x7 % 23 7 % 7 23 St 46% July Lowest 6% *22% 39% *21% No pox common T Motor 6% 23% 39 12.10 A preferred par tic *6% *22% 6% 23 *52 53 *51 53 3,400 21% 13 Match \ 39 Vilbiss Co De 53 *50 Corp Jun 11 22% Mar *51 ■ *3% 3% 3% 11 10% 3% * • 59% -3% 3% * 10% 59% 00% " 0,200 2,200 4,300 1,700 * * 400 * > ; Volume Number 4871 171 THE COMMERCIAL Range for Previous Lowest v Highest " I per share Lowest NEW Highest tper share $ per share YORK Saturday $ per share Par 6 Nov Feb 11% Jun 16 Oct 39 39% 40'A 41'A 40% 41 39% 1,500 23'A 23'A 23% 23% *23 Va 23% 23% 24 *21% '21% 21% 22 22 21% 21% 22 21% 1,900 2,000 14% 14% 14% 14% 14% 14% 14% 14% 2,800 % % % % U % % li! 6,400 15 Va 15% 15% 15% 15% 7,500 37 36% 37 18 15 Va Oct 13 Family Finance Corp common F A R Liquidating Corp Fedders-Qulgan Corp Federal Mining At Smelting Co Federal-Mogul Corp Jun 8 32 31 38 v* Jan /o 35% Feb 43 16 Mar 20% May 14% Jun 17 5 Deo 12% May 3% Jun 14 20% Feb 31% May 24% Feb 9 36 90 Feb 99% Jun 95 »A Mar 23 104 24% Sep 26% Jun 10% Nov 28 26% 12 % Jun 17% Dec 19% Dec 17 V» Dee 83% Feb 69% Oct 42 Dec 83 Jun 43 30 Dec 21% Jun 7 31% Jan U 98% Jan 7 104% Dec 3 11 y. July 13 69 Dec 13 17% Jan 3 12% Dec 21% Jan 12 Dec 40% Jan 12% May Dec Dec 10 Mfg Co Ferro Enamel Corp— Fidelity Phoenix Fire Ins No par FHntkote Co (The) common—No par •4 preferred No per Florence Stove Co No par 29 29'A 90% 96 V2 140 33 % Dec 23 32'A 32 33 32% 33% 31 % 32% 4,900 19% Feb 11 21% Jun .17 8% Nov 29 25% Dec 12 12% Aug 17 8 Jun 13 10 x38 Feb 26 60 Nov 4 11% Jan 19 17-% Dec 29 6 23% Dec 15 26 78%-Feb Foster-Wheeler 4% Jun 15 4* 9% Oo 13 32% Feb 4 14 23% Jan 7 3 19% Dec 2 103% Jan 25 41% Sep 27 105% Jun 53% May Jan 8% Feb 11% July Apr 159% Deo 14% May 106 May 99 July 9% Jun 152 6 14 107 Jun 25 General iy •8 preferred General Bronx* Corp General Cable Corp. com 4% 1st preferred 6 13 10 Jan 7 79 V2 «jhu 2u Nov 15 July 72% Sep 82 Jun 65% Apr 28% Not 44% July 18 Dec 24 Nov 31% Mar Jun 25 24 y8 Jun 14 31 Jan 17 28 20 141 Jan 129 Jun 17 139% Apr 2 43 34 Jun 28 42% Dec 30 Jun Mar 41 May Jun 87% Nov 96 Jun 13% Dec 63 Oct 44% Jun Feb 128% 108 Jun Jun 123% Jan Feb 39% Jan Jan 7 Apr 1 3 48% Dec 16 93'/a Jan 4 100% Dec 28 x6y8 Jun 14 13*' 15 56'A Dec 30 97 *t. 4 128 % Jun 4 Apr 112 1 1 7 Dec 30 $4.25 pfd series A 4 % Baking conv S per 'share share 72% Nov Not 51% Jun 14 123% Jan 5 127% Sep 23 x97 Jan 6 104y+Dec 13 13 Feb 25 19% Sep 26 22% Jun 17 38 % Dec 30 26 Not Feb 18% May 4% May 11% July 19 2% 2% Jun 28 10% Dec 15% Jun IIVb Jan 3 18% Dec 29 May 15% Jun 128% Jan Jun 31% Jan 132% Oct 29% May 30% May 3% Dec 17 8 2 Nov 30 14 20% Jan 7 May 19 Preferred 23 7% Nov 2 Gen 24% Jan 7 General Mar 14 34 Dec 27 122 Jan 27 31 Nov 3 23 27% Dec 14 102% Jan 24 3 18% Jun Dec 99% Apr 4 18% Dec 30 Jun 15% Jun 13 21% Jan 5 Dec 90 May 67 77% Apr Jan 82% May 64 73 Mar 15 12% Feb Jun 14 37% Dec Dec 39% May 96% Jun 24 87 79% Jun 1 17 Dec 25 12% Jun 14 75 Dec 85% Jun 72% July 11 28 17% Jun 5% Jun May 21 May •5% July 6% Oct 122 Not 24% May 64% Oct 103% Aug Dec 1 91 4 3 7 5 Jan 13 17% Jan 5 80% Oct 26 28% Aug 18 25% Dec 17 6 55 Dec 29 5% Jan 3 101/8 Dec 15 X95% Jun 13 14% Jun 29 52% Jun 14 48 July 100 Jun 17 24 26% 26% 26% 18% 19 19 19 18% 19 1,800 1 18 Va 18% 18 yB 18% 18 M; 18% 7,800 *104'A 105 % 105% *104% 105% *104% 105% *104% 105'A *46'% 46% 46 Va 46% 47 46 % 47 *103'A 107 *103% 107 *104 7% 17% 48% *100% 1 8% % 126% *111 7% 38% Mar 60% Oct 34 Jun 14 96% Mar 105% Oct 98% Jun 20 10 Jun 10 No par 73 17% 17% 137% 42% 42% 48%. 47% 48% 100% 100% 8% 9 9'A 6,800 56'A 55% 55 55 'A 1,900 126% 100 112 400 55% 126% *126% 127'% 126 % 126% 126% 127 126% 113 *111 113 110% 110 % 111 112 *110 % Gillette Safety 27 Gleaner Harvester Corp Glidden Co (The) com xl25% 125 103%, Xl02% 103% 102% 102 % 900 STOCK 19'/a 19% 19% 19% 19% 19% 19% 20'/a 4,900 EXCHANGE 37'A 38 37% 38 38 38 37% 38 3,900 14 14 13% 14 14% 14% 14 14'A a 13% CLOSED 123% YEAR'S 23 102% DAY 3% 3% 3% 3% 3% 800 16% 16% 16% 16% 16% 16% 23,500 19% 20 19% 20'A 20% 21% 21% 22 Va 6,100 *121% 122 % *121% 123% 121% *121% *33 113% 29 *22% *100 123% 6% 7 23% 23 lii 28% 22% 22'A 22'% 22% 102 % *100 113 19% 19% 20% 20 % 78 % *76% 78% *76 Va 68% *67 % 69 % *67 % 69% *67% 69 % *67% 69% .9% 9% 34% 345« *r.8 sc 9% 34 *88% 9% 9% 9% 34% 34 90 9% 35% 90 90 *79 % 81 % *79% 81% *80% 22% 22% *22 % 22 V* 22 Vb 22% 24% 25 Va 25 25% 25 56 VA 56 56 56 56 1,000 10% 10% 11 10% 10% 6,500 2.50 22% 22% par *25 25 % 24% 25 50 55 55 55 55 10% 10% 10% 10% ' 1 100 Inc *111 10 com com *55 115 *111 115 10% 113'% *113 16% 16% 16% 16% 16% 70 70'A 69% 70% 103 *102% No par No par *102 No par No par *103% 44% 103'% 44 % 105 103 44% 44% 104% 104% 12% 12% 70 VB 44% 16% 16% 71% 1% 1% 1% 7% 7% 7% 7% 8 10 Not 99 Jun 93 % Apr 26 14 9% Mar 29 14% Mar 40 Sep 11 Jun 32 Jan Dec July 15% May 36% Feb 50% May xl2 . 101 Dec 16%. Apr 30 9 Co (The) Steel 3% % '29% Feb 40% Jun 13% Dec 10 90% 9 33 Va Mar 19 43% Dec 13 17% May 11% Jun 22 14 Mar 29 Feb 13% May 9% Oct 6 12 Dec 98 100 July 20 July 27 29 93% Jan 4 25% July 9 Jun 15% Jun 15 5 Feb 24 92 Jan 4 101 9% Jun 13 •14 July 20% Apr 6 7% July 13 , Dec 27 12% Not 20% Jan 7 44 Feb 68% Jun 41 Jun 14 54% Dec 5 57% Feb 81 Jun 56% Jun 13 71% Jan 7 14 Jan 18% July 16% Jan 3 22'A Dec 13 - Jun For footnotes) see page 25% 25% 25% 1,700 27% 27% 27 % 2,400 100 Grayson-Roblnson Stores 7% pfd *100% K0% 101'A _1 com Sugar (H L) - 33 % *100'A 102 15% 16 *33% 34% (The) 34 % 15 % *33% 16% 15% 16 35 34 34 130 3,500 70 12'/» 12 12 12 Vb 12% 12% 12% 12% 12% 2,300 40% 41% 40% 42% 4? '/n 42% 42 A 42% 9,500 3,600 18'% 18% 18% 18% *137'A 137% 137% 137% *62'A 65 *41 41 % 13 10% l *62% 65 18% 18% 18% 18% 137% 138 137% 138%. 138 % 138% *62'% 65 *63% 18% 18% 41 % 41% 41 41'% 42 13 % *12% 13 Va 13 13 13 10% 10% 10% 10% 10% 10% 300 10 65 65 65 42% 42 Va 43 Va 2,800 13'/a 13 'A 13'A 1,300 61,600 — 3 preferred 100 *97 98 97% 98 1 19% 19% 19'A 19% Guantanamo Sugar common 1 $5 conv preferred-. No par Gulf Mobile ft Ohio RR com-No par 6'A 6% 6% 6% Grumman Aircraft Corp #5' preferred Oil 16% 102 41% 100 Common Gulf 15% *33% 101 12 No par Oo Inc 102 102 41 Greenfield Tap ft Die Corp—No par 4%% 16 33 % 29% 100 com preferred Green 102 15% No par Green Bay ft Western RR Greyhound Corp Jun 97 30 25% 27% Great Western 67 Nov Feb 29% Va 21 Va 6 62% Dec 85 30 25 27 VB 3 133% July Jan 5% Mar 29% 24% 27% 197/s Oct 16% Jan Jun 16% Not 29% 25 27 '/■ 144% Mar Jun 77 3,400 29 25 Gt Northern Iron Ore Prop—No par Gt Northern By 6% pfd No par 23% 5,000 29'A 7 145% 2,100 37,800 8% 27% 26 Apr 12 % 25% 14% Sep Feb Va 30% 43% Jan Dec 400 25% 11% Jun 16 8,600 2 "« 2 8 200 45% 27% 33% Jun 60 2 8% 2,100 3,300 104% 12 Va 1% 17'A 73% 103 30'% 31 132 12% 44% *104 8 , 5,700 9 preferred conv 12'% 44% 104% 3,600 No par Co common 36% Oct #2.25 7? % *102% 12% 1% 7% Granite City 16% 73 44% 20% 25% 113 *110 103 104% 9 Grand Union Va 72 44% Granby Coned M S ft P 12% 16% 22% 103 105 *104 113 *110 103 23 89 300 80 81% Apr (W T) *78':, *79'A No $5 preferred Grant 82 5,000 10,000 15% 1 % 7 15% 15% 12% 8 Xl5% 15% 1% 29 15% 4,600 15% 12'A Ian 91 15 Va 1 30% Dec 9% 35% 90 15% No par 28 'A Dec 9 Va 35 90 15% Graham-Paige Motors 28'*. 9% 35% 35 *89 Gotham Hosiery 5 4,100 78 'A *67% 7 4 20% 19% *76% 5 14 102% 19% 3% Jan 20% Mar 1,100 78 % 8% Apr 16% Jan 23 19 % 16% Mar 16% Jun 220 2,400 *76% 5% Feb Oct *1C0 22 % 500 29% 19% 1% May 12 Oct Va 77% 191/4 Jan May 34 114 29 *76 5 Jun 18 33% 113% 29% 22% 102 % *100 102% 34 113 33% 29% 8% 35 2,800 113% 6% 31 6,200 29% 23% Feb 7% 24% 113% Feb not 7% 24% 29 Deo 18 10 7 % 24% 114. Dec 15% Aug 121% 7Vo 24 Va Va 33% *33 33% 7 24, 6% 23 3,200 *3% 2% 19 1,600 3% 6% 29 % 125 % *125 16% 23% 34% % 16% 7% 114 70% 126 3% NEW 23% conv Goodyear Tire ft Rub 37,700 126% *103% No par ; Goodall-Sanford Sep 71% 71% 71% 103% 7 % . for Shares 9 19 45% Jan 28 72% Sales t per share 126'A 23 % common (B F) $5 preferred— 71% 72 share 70% *121% No par No par Razor com 80 conv preference vr 126'/b 10c preferred 100 Georgla-Pac Plywood ft Lumb Co_l I the Week Jan. 6 Jan. 5 Jan. 4 t per share *103'A 72 100 *100 Friday Thursday Wednesday t per share No par 100 Goodrich Go I per share SALE PRICES Jan. 3 103% 20 100 preferred HIGH Tuesday 126'A 19% I%% Gimbel Brothers Monday Jan. 2 No pax preferred 200 101 8% 55% 3% preferred 48 'A 8% 16% Gen Tire ft Rubber Co com "47% 37,000 3,700 *99% 101 101 101 30 43'A 55% 3 % 29 % 48% 47% 48% 1,200 138 % 42% *137 43 8% 16% *22% 17% 138'% 42% 8% 13% 20 ♦137 56 % 8 par 1,400 17% 8 % No par No 70 30 17% *55% 387 112 74 *28 Va 8% 38% *33 *73 30 ' *100 40 800 12,100 73 17% 137% 42% 101 8% 8% 8% 4.166 *29 17% 137'A 47% 11% 14 73 17% Co—1 l 13% 14 8% 29% 41% 19% Gen Steel Castings $6 pfd—_Nopar 29% 137% 17% 19% Corp 8% 42% 100 Utilities 13% 50 2,200 163 163 161 161 14 10% 11 10% 11 73 *72 73 No par Sep 106 71% *103 8V0 29% $ per thare 126% • '/a 29 Dec. 31 series *13% 74 Saturday Par $3.79 8 107 163 *161 14 LOW AND STOCK 10% 11 162% 14 7% *103% 107 11 *160 138 42 % *55 *103'A 11 46 46 46 29 *137 lot 105 'A 14% 28 100 *25% 161 *72% No par , 107 -10% _No par 19 5 300 27 26% 18% No par 12 9 *26% 4,400 19 100 Jan Aug 5 5 5 26 No par 116 72% Dec 400 3,500 18 *14 preferred Goebel Brewing Co Gold ft Stock Telegraph Co 104 4% 600 16% 19 161 General Shoe Corp 4%% 4% 16% 18% No par General Telephone Corp General Time Corp com $4.50 4% 400 18% *18 19 % 26 19 Va 50 Refractories *Va% 4% 7 18 Va 26 9 Realty ft Utilities 11 72% July 19 Sep 26 15% 4% 4% 3,900 17 Va 5 com 100 Gen Railway Signal com 9% preferred 124% Dec 76 102% 15% 16 16 1,900 19/200 35% 17 % 16 % Gen Public Service 22 6% *31% 17% 16 No pax Outdoor Advertising General Portland Cement Gen Preeislon Equip Corp Public 7 35 16 4% 8 7 18 16 6% 50 18'A 35 18 1 '/a 7 18 I Gen Gen 6% ' 17% ; . *18% 6% *17% . 10 99% July 18 , 7% 18% 6 *17 General Motors Corp com-16 89 preferred 2: No par 4% Feb 22% Jan YORK v. 7% *18'% 8 18% 6% preferred 8% % conv preferred 20% Jun 120 6% May 30% 16 V4 Mar 9 7% 18% 6 300 7,800 77 17% EXCHANGE 125% Jun 99% Jun 17% Jun 22 77 *16% General Instrument Corp $ per share 22 76% xl7% No pax General Mills common-: NEW 22% 22 *75% 18% common.. General Foods Corp com 82.50 preferred 'Highest 17% 35 35 35 35 STOCKS Lowest Highest 66 *6% No par Co General Cigar Co Inc com 7% preferred General Electric Oo Range for Year 1919 Year 1948 S per 6% 6% 7 35% *17% 16% 2nd preferred Range for Previous 18'% 6% 35% 3,200 2,000 10c 15 13 7% *18 V« « 10% 59% 16% Transportation Dec Dec 7% 18% 4,100 11 10 Va *17% •4.50 preferred 11 15 7% *18'/» 60 163% Jan 24 7% 1.66% 11 9% Feb 6 7'A —- 59 'A Vb 17% com General American Investors 1 5% 6 ■ 60 10 % 76 -18 % 2 Inc Jar 13 22'A 10% 25 140 18 10 No par Co 10b Oct 5" 5% 17% 18 *75 76 75% 77 59% 17% 22% 59 % 21% 17% 21% *76 10 9% No par (The) Amer *17'A 22% 9 4%% conv preferred Gaylord Container Corp General 17% 22 Vb so com preferred Garrett Corp (The) Gar Wood Industries 17 48 % Nov *17'A *24% 25 9'/a 9% 59 V2 59'/a 59 ♦24'/a 25 9 Va 10 20 13% Jan 100% 59% 29 500 15'A *15 15'A *15 9% 9 Vb 9% 59% *24% 25 9% 9% 14% 1 com preferred conv 9% 9% 1 Gamble-Skogmo Inc 9% *24'A 25 9 No par (Robert) 15% Jun May 26% May 18% May *24'A 29 , 31% 32% 31% 10 common (Tbr) 21% Jun 45 1 100 3 Aur 11% preferred 6% Feb 6 18'% *14% 10 Franklin Stores Corp 1 Freeport Sulphur Co 10 Froedtert Grain ft Malting Co Inc_i Fruehauf Trailer Oo common 1 14 Jun 6 Oct 7'/a Apr 7% No par 6% prior preferred Francisco Sugar Co 2 Sep y8 May 13 Corp 3% Jun 15 15% 13,300 4,700 90 9% May Deo 5,900 15% 96% 2 14% 12 % lo Va 29% 16% Dec 47% Mar 12% 15% 96% 13 94% Mar 12% 15 VB 90% 10V« Jun Mar 12 y» 29 Vb Gamewell Oo 113 12% *88 Va Gardner-Denver Mar 15 11% *95 % <sr 4 14% 11% 96'% 30 Feb 15 11% 19,500 96% 17% Dec 19% Nov 15 18% 96% 19 48% 15 11% 400 18% *95% 15 27% Feb 18% 95% Jun 23 % Apr 18'A 95'% 15 98% 18% 100 12 Dec 18% preferred j.0 21% 18'A 25% 3% ft 9 Va Jan . 18'A 18 % *24% 18 41% Jan Dec 25 96 % Oct 25 Feb 24% July 18 Feb Nov 25 89 13 24% 25 Dec 31% Oct 26 110% 22% 25 90% Aug Feb *24% 28 3A 12 Sep 25 *88% 17% July 4% Mar 106 *24'A 14% 48% Aug 22% 70 105 89% Dec 120 11,100 105 29'A Feb 12% Nov 31 % 106 106 *104% 14% Dec Feb 30% 31'A 107 •105 105 89% 12% 16% 30% 31 *104'% 28% 38% 93% Feb 12% Mar 30 Va 31% 900 6,300 14% OahrlH Oct 14 87% Gair Co Inc 50% Mar 13% 29 7 119 13% 14% 4 t per share 13'A 26 % 29 Lowest 13% 13'A 87'% 7 »/b Oct 97 69% 100 18V2 Dec 118% 69 Corp__io 14 Feb 69% pfd 10% May Mar 69% conv 30 9 106% 69% 3%% Food Fair Stares Inc Food Machinery ft Chem 4% Jun 40% 106% 69 3 14% Jun 34 *106 69 Va 13 13 70 106% 8 Jan - 54 106 VA 106% 30'A 31'A 82 82 55 106% 92 V2 Nov 10% May *128 3,900 81'A 54% 29% Jan 20 9 2,000 54 81% 54% 2 Deo 9% Mar 82'/a 17% 81% 80 May Dec 146 8,800 78 Dec Dec 18% 20% Apr 29 6% 42 18% 7 6% Dec 2,000 18% 18'A 104 29 Florida Power Corp Fiorshelm Shoe class A__ PoHansbee Steel Corp 16% Dec 12% 18% 69% 13 Va 12% 31'A 12 'A 17% *106 69 10,200 34% *103 '/a 12% 17'A 106% 69 36 % 35 Vb 12% 54% 6,800 103% 12'/e *81 2,700 4% 35 11% 55 'A 103 35% 103 11% X54 4% 4% 81% 81% 56% 106% 34% *102% 4% 300 18 22 67 11% Feb 99% Mar 100 35 103 11% 17% 81% 56 No par 4% 4% 103 18 Va 14% Dec 16% Jun 16% 17% _2fl 4% 4% 13'A 24% Jan Jan 27% 1 lo com 17% 15% Oct Aug Dec 11% N Y 17% 37 8% Feb 24 84 ~5% 11% 17% 34% 34% 103 '/a 9 DAY 17% *36% May 26 9y8 Sep 2 24% 16y« Nov 34% *102% YEAR'S *36% 27 17% Mar 9 4% 4% a NEW 15% 36 % 18% Dec 68% Deo 17% Va 15 6 16% May 10 May 47% Oct 12% May Feb 17% CLOSED 15% 36 Va 36% 5 EXCHANGE Jan 38% May 25% Jan Mar 15% *.jo 'A STOCK ' 40* Jun 92% 9% Dec 8% Aug 35% Feb 15'A 2 100 Wist National Stores Firth (The) Carpet Co • % 39% Jun 47% 105 82% Nov 24% Dec i'i 1*% 14 1 com Firestone Tire ft Rubber 4% % preferred 29 May Jan 22% 9% Mar . 31 56 Dec 22 31 14% 1 Felt ft Tarrant A> 81% Dec 18% May 25 13 y8 Jan 3 79 Jan 53 May 16 1 No par Federated Dept Store* 4%% preferred 107% Mar 36% May 15 % Jun 27 Federal Motor Truck 9 Jun xlu4 Dee 13 Dec Browing Corp Sep 21 < 28 26 10 42% Jun Not Dee 6 6% Jan 105 107% 49% Mar 14% Feb 96 63% July 13 ,. 18% Nov 18 89% July 20% Aug 103% Not 28% 14 July Fairbanks Mora* * Co 7 15 % Dec 6 Jun, 7% Jan 9 Shares 23% 1 % Jun t per share 1 per share 8 per share share the Week <i 39% Falxtaff 11'/a Mar t per Jan. for Sales Friday Jan. 5 Jan. t *21% Fajarcto sugar 00 15 12% Aug 11 1 per thare Thursday Wednesday *23 'A 27 23% Dec Jun 19 I per share SALE PRICES Jan. 8 1 7 25% Oct 19 34 Oct HIGH Tuesday 20 41% Jan 28 Jun 33% Jan. 2 No pax 13 Feb 14% Monday Dec. 31 11 (111) CHRONICLE LOW AND STOCK EXCHANGE 19'A Oct Not xl$% Not 37 FINANCIAL STOCKS Range for Year lf>if» Year 1948 l & Corp— Gulf States Utilities Co—. No per —28 No par i 100 100 100 100 10% 10% 10% 99 98% 98% 19'% 19% 19 % 19% 19% 20 % 9,900 Va 6% 6'A 6% 6% 7'A 10,700 99 *98 6 *100 102 *98 *100 101% 102 102 2,900 160 13% 13% 12% 13% 13 Va 13% 13'A 13% 13 13% 51 % 51 3 \ *50% 51% 51% 52 52% 52% 52% 53 800 64'A 64% 62'A 63% 61% 62% 62% 63% 62 Va 63 23,600 21% 21% 21 21% 21 21% 21% 22 21% 21% 16,300 8,700 18 ■v % COMMERCIAL THE 12 FINANCIAL & CHRONICLE STOCK YORK NEW RECORD LOW STOCKS Range £• r Previous Range for Year 1948 Lowest $ per share NEW Year 1949 $ per share $ per Jan 4 39% Dec Saturday 16% Jun 7 24% Dec 23 Jan 3 14% Dec 6 13% Dec 20 Monday Dec. 31 share AND HIGH 1 per share PRICES SALE Thursday Wednesday Tuesday Jan. 2 $ per share Par 2 $ per share STOCK YORK EXCHANGE Highest Lowest Highest 1950 Monday, January 9, (112) Jan. 5 Jan. <1 Jan. 3 $ per $ per share $ per share for Sales Friday the Week Jan. 6 share Shares Sper share U 11 SI Feb 15 Va Nov Oct 35% Sep 22% 12 Dec 16% May Dec xl4% May Hi/4 Jun 27 Jan 72% July 26 :12y4 ,12% 79 31 Mar *101% Feb 2iya Feb 146 y2 July 20 ya Dec 4% Dec 89 Jun 107 27% 150 ya Jan 6ya 25% Dec 13 ■7% Nov 2 Hat 5 68% Oct 8 10% Dec 16 7 9% Jan 7 Jan 5% Jun 11% Jun 25 26% jaD 10% Feb 3 Oct 27 % July 20% Jan 13 Jan 91 95Va Jan Nov Jan 17 95% Dec Jan 3 37% Dec 13 May 98 y4 Jan 23 % Jan 4 Oct 10 ■ 6 423/4 Dec 13% Jan 4 Apr 40 Jun 1 53 120% Dec 128% Feb 26% Oct 122% Feb 17 Nov 131 Sep 1 45 Dec 28 17% Nov 28% May 78 Oct 86% 9 Dec Dec 25 y4 Feb 9% Dec Feb 30% 25 Dec 29% Nov 24% Nov 99 Deo Dec Heyden 3.%% Hilton 16 & Hires 3 15% Sep 30 29% Dec 6 21 Oct 24% Mar 10 28 % Sep 42% Feb 341/4 Jan 3 50% Nov 16 1 35% Jun *24 Apr 29 Dec 100 Jun 1 34 % Dec 13% Dec $2.25 2 35% Nov 46% Jan 30 Feb 11 Jan 281/2 Jan 6 41% Nov 29 94% Jun 86% Jan 6 99% Dec 8 48% May 4 Oct 42% Jun 20 Feb 38% Jun 29 % Feb 7 14 Dec 23 Jun 121/2 Jun 33 Jan 47 Jun 31% Jun Sep Sep 50 8% 2 12 % 46 % Jan Howe Sound 7 11% Dec 5 17% Dec 5 7 47% Jan 7 5% 9 26 14% Oct Apr 8% Nov 30 11% Jan 7 1% May 23 2% Jan 6 18% Dec 30 25% *26 26% *253% 26 *94% 94% 94% *94'% 95'% *93% 95 *36% 37'% 3 7'/4 37'% 37 % 37% 38'% 38% *104% 105'% 105% 105% *105'% 106'% *105% 106% *31% 31% 31% 31% 31'% 31% *31% *39% 41 41 41 *40'% 41% 41% 16'% *16'% 6 1 16 16'% 52% 52'% *124% 13 900 8% 47,800 233% 23% 1.900 600 26 26 *93% 95 10 38 38 400 106% 20 31% 600 41% 106% 100 16% 16 3% 52 % 51% 125% 125% *125 125% 43% *41 17 1.600 52 16% 51% 3,100 430 125% 125 43'% 43% 43 53% 53% 53% 533% 53% 52 Va 52'% *51% 52 52 52 52 52 15% 15% 157% 15% 16 16 16% 16'% 16% 17 16% 16% 16% 16% 16% 17% 17 *78% 79 *78'% 80 80 80 11% 12 14% 14% 43% 43% 45 53% 533% 51% 51% *16% 16'% 500 17% 23,900 2,900 11% 11% 11% 11% 12% 143/4 14% 14% 15 15 15 *13 133% 13'% 13% 133% 13% 13% 13% 1,500 26% 26 26% 26% 26% 26% 26 7 2,200 15 14% 14% 14% 14% 14 14 10.300 800 13% 13'% 26'% 26'% 5 14% *14% 10 17% 17% 28% *17% 13'% 18% 183% *18'% 18% 18% 18% 600 *27% 23% 28 3% 28'%' 28% x28 Va 28% 28% 1.100 46% 45% 46 46 46% 46% 28% 47% 46% 46% 5.000 33% 900 46 33 *32'% 33'% *115% 116 115% 115% 115% 115% 115% *101 102 *101'% 102'% 102'% 102% *101% No par 13 13'% 123% 12% 125% 13 Va 31% 31'% 31% 31'% 31% 32 com—_5 *32% —No par A com.... 50 _ 36 *% 33 *36% 36% 353 4 97 96 96 *47% 47% 47% 47 % 47 % 47 25 . 41% 41% 40% 42 41 *15 1 *15 15'% 41'% 41% 10 10 115'A *101% 102'% 10 13% 13% 13'% %300 32% 33 33 1.000 36% 36% 36% 36% 96% 96'% 96'% 50 47% 47% 47% 3.000 41 413% 40 V8 41 5,300 9% 15% 15% *15'% 15% 200 41 % 40% 41'% 41'% 43 % 4,500 9% 9% 9% 9% 1,600 10 100 15 15 *15'% 15% 15% 15% 15% 15 41% 41'% 40% 40% 40'% 40 % 40 40% 40 12.50 _ — 14 14 Va 13% 14 133% 14'% 13% 13% 6.66% 10 103% 10'% 10% 14% 10% __ %| ' 10% 10% 1 % 1% 1% 1% 18% 18% 183/8 18'% LOW Par 2 18% AND HIGH SALE Tuesday Jan. 8 Jan. 4 $ per share $ per share 24.300 14 10'% 2,900 2% 10% 7,900 1.100 18 18 $ per $ per share the Week Jan. 6 Jan. 5 share S per for Sales Friday Thursday Wednesday Jan. 2 Sper share 18% 3 100 40% 2 2 18% 300 15 V8 PRICES Monday Saturday Dec. 31 STOCK 10 % 1% 18% EXCHANGE $ per share *15 1% _ _ _ 400 96% 47% % par preferred- Min & Sm Ltd „No 190 115% 102% 116 15 % *15 15% 41% 10'% _ 36% 97 *95 800 13% 42 35% 33 33 a 32 *95 No par , 33 No par _ _ 33'% 41 % Highest 50 113% 15 26% 12.50 YORK 500 11% 11% 10% NEW *78% - *14% Corp Inc 79 *78 79 . 600 *14% ' , STOCKS $ per share 413% 51% 51% 125% 125'% 31% 32 44 1 Corp __ Hussman Refrigerator Co__ —No par - share 16% 52'% 125 % 41% Foods Range for Year 1919 Lowest 16'/4 51 Va —-5 Range for Previous $ per 23% 23% 23% —100 Hupp t per share 24 23'% 590 10 Va 7% 25% No par Co-_ non-cum Hunt May Highest 10 8 —30 __ Hudson Motor Car_ Jun 5 Year 1948 10% 73% 23 Manhattan common—100 & Hudson Bay 19 Lowest 10 7% 25'% " Hudson 22% Jun 7'% 5 preferred Stores Howard 20 Dec 14% 10 9% 7% *53% Oil of Texas v t c 14 10% Jun 1,300 66 10 preferred 28 Dec Sep 900 5% 5% 66 23'% -1 Houston Light & Power 29 Feb 9% 6% 10 24:i 4 24% 44 % Co pfd ser conv 3%% Dec 12% 10% 53/4 66 54 Co Mining Houston '/4 Jun 8 24% 5% 64% *53% & Sons (A) 44% Oct 19 16 Oct 26 4% Jun Dec Nov *9% 7% 24'% - 10 146 % 67 *66 66% *144 145 100 Household Finance com. 1 33% Jun 14% May Jan 5% 55% 5% 5% 145 24% *23 233% 23% • 5 Houdaille-Hershey 14 34% 8% 145% 4,200 _1 $4.25 preferred 29 Oct 3% *143'% 146 30 21 *43% (Charles E) 2nd $4.50 Dec 84% 20 3% -50 . Hooker Electrochemical Co. 22 Nov 49 21% 79 5 Paper Furnace Homestake 81 Mar 5,300 107% 50 Holly Sugar Corp 5% conv preferred 19 Dec 101% Dec 8 13 Co Hollander 15% Oct 20 22 Va Jan 116 Dauch Holland 29y4 38 20% 95'% —No par Hotels Corp Hinde 91/2 Jun 20% 23 100 . preferred ser A 1 16 27 20% __ Chemical Corp.. 15 16 Jim . Inc 84% Sep 20 18% _ 15% Dec 29 103 20'% 25% No par 12% Dec 94ya Sep 11 7 8% Jun 30 20'% *77 77 77 25 — preferred series B 26 16% Jun Jun *106% *65 10 6% 100 preferred series A 21% Jan Jun 16 ya May 15 y4 107% 5% 66'% *9% 25 Motors 1 20 *106% _5 . preferred Hewitt-Robins 12% Jan Jan 11% 107% 10 __ common 8% May 20 29% May 23% 1 100 preferred 21% Jan 14 Dec *763% *106'% 15 Co 4% % 31 11 % Jun 12% 21% . 1__.: 4%% 21 52% Dec 77 Jun 900 900 . ' 53% Dec 14% Jan _ Hershey Chocolate com Nov 23 14% Jun 13% *13 13 13 77% *144 *65 2 Glass non-cum 5% 16 *13% Aug 25 27% Jan 1,400 107'% 20 5%. 100 Hercules Powder common—, __No par 51% Nov 23 52 14% 40% 107% DAY 20 *23 common—1 preferred Hercules 3 Dec 15 26% Mar 30% Apr —10 Marx—I. & _ (G W) 7% 17% Aug 22 57% Oct 243/a 14 Va *40 *76 '/4 YEAR'S NEW 146 *144 Mfg Corp Helme 21 34% Jan 22y4 May Dec 35% 23% 14% ' 41% Deo :f„_ 100 — (H J) Co common 3.65% preferred 5 18Va Dec 34% 19% Heinz 32% Dec 105 14 Nov 24% 00m.—No par Refrac Schaffner Hayes 20 Jan 103 22% 24 *14 13% 12% 13'% 13'% 77J/2 107'% Corp of America preferred 3%% 84 30 42 *76% . Hecht Co common Jun Dec 29% 14% 40% 233% 23% 14'% 40% 40% 23% ■14% 13 Va *12% *106% preferred Hazel-Atlas 25% Dec 21 78 40% 233% 14% STOCK 14 >/4 100 _ Hayes Industries Inc / 5 Dec Mar 20% *20 41% 23% CLOSED 24 13% —No par .... _ 4%% 6% Jun 28 61 Jan Jun 23% 5 Co $4.25 pfd.—No par (M A) 6% Hart 3 20 79 Feb 4 4% Jan *40% EXCHANGE 41 Va 5 Cementing preferred conv Harbison-Walk Feb 149 Well ' 4% Hanna 13 20% Jan 11% Printing Co— Hamilton Watch Co com 23% Jan Jun 8 Oil Hall 6 Jan 34% May Feb 6% <4 May 12 142 Halliburton 108% Nov 15 18% Nov 15 Jun Dec 59 104 ya Apr 81 Water (W F) *40% 28, Hackensack Shares share I 80 ya Apr 27% Mar 35% 62% 90 Feb 31% Jun Jun Idaho 22 Illinois Central RR Co Dec 3J, 36% Dec July 73 Jun 13 95 Sep 97% May 95 Jun 29 96 Jan 4 24% Jan 37% July 20 Jun 13 34% Dec 23 30 25% Jan 4 26 Ya Aug May Power 6% common-100 pfd ser A__100 non-cum conv Feb 12% 25 % Jun 7% Nov No par 36% 36% 38% Dec 58 ya Nov 150 Feb 34% Mar 14 10 % Jan 7 Illinois Terminal RR Co 4 29% Dec 9 Indianapolis Power & Light__No par 3 8% Jan 4 Jun 56 Jun 33% Mar 4 53% Dec 15 Jun 55 Jun 7 72% Oct 27 Jun 155 Jan 11 Nov 30 7614 160 47% May 31 365 Apr 41% Jan Industrial 25 Feb 14 18% Jan 8 Feb 21% May 8% May 11% Jun 8% Jan 3 10% Dec 13 Dec 23% May 12% Apr 86% Jan 30 18% Dec 8 11 95% Dec 13 8 2% Jan 8 88 Dec 1% 11% Dec Feb 125% Feb 26% Dec 160 103 Jan 3% May 16% May 156 9% Jun 29 *145% Jan 5 22% Jun 1 164% Jan 3 174% Jun Nov 9% Jun 23% Feb 38% Deo 93 8% Mar 24% Mar Jan Jun Dec 71 135 1 x34% Jun Oct 6% 8 5% Feb 24 180% Dec 31 7 Int'l 34% Oct 19 86% Oct 28 Dec 34% 73% Jan 17 3% Feb 26 6% Dec 17 14 31% Jan 7 Oct 139% July 25% Jun 133 99 July Dec 14 May Dec 31 21 94 Jan 5 4% Nov 29 Feb 8 37% Dec 29 143 103% Nov 23 7% Feb 85 Dec 43 Nov 15 52% Jan 64 Jun 50 Jun 20 89% Nov 45 Jan 41 Jan 5 38% Jun 14 57% Jan 43 Mar 80 Mar 8% Nov 107% Jan 65% July 35 30% Aug Mar 16% 7% Jun Jun 14 8 13 July 28 8 Deo 10 May 2% Jun Dec 23% Jun 11% Jun 32 Jan 21 9% 29 7% 9% 9 % 3.°00 28% 28% 1,900 7'% 7% 800 51% 51% 51% 51 51% 1,400 69% 68% 69% 69% 69 % 900 39% 13% 11 10% 11 10% 200 *10% 18 *93 18% 18 18% 17% 17% 3,200 94% 93% 93% 1% 13% No par 227 No par Chemical 94% 1% 13% 229 28 133 ' new—7.50 36% 28% 133 36% 105 13 *93 93 1% 1% 216 212 9% 6% 11 17% x213 9% 86 17% 13 9% 34% *10% 11 13 178% 6% *161 13 180% *83% 100 *1% 27% *34 com 93 27% 100 Paper Co 17% 180% • com—5 Preferred *10% 27% No par preferred 27% 27% 94% 9% 1% 1 % 2.700 13% 13% 13% 6,500 213 212 27% 27% 34 33% 179% 85 84 *33% 84 6 10 34% 85 6 27% 133 % 132% 36 i/a 35% 133 35% *102% 105 106^ 100 1% 33% 28% 7,400 9,600 14% 13% 10% 27% '40 1% 9% 6% 30 163 13% 178 %• 6% 163 1% 178% 180 *93% 165 84 28 180% 36 200 10% 37,000 34% 33% 2.900 85 6% *106 20,100 29% 180% 10 29 % 133 36% 3.200 227 27% 180% 33% 28% 133 223 10% 6% 28% 106 218 133 36% 107 *84 6 28% 133 35% 106 400 85 2,100 6% 29 : 23,800 380 134 36% 21,700 200 106 No par *102% of Cent Amer com__No par preferred 100 5% 48% 5% *5% 5% 491/4 49% 51 '/a 51% 52 51 52 58% 57 57 *57 58 58 200 45% 45% 45% 46 46 45% 46 1,400 50% 50% 50% 50% 51 1 35 35 35 100 10 71.100 preferred Int'l Rys 5% 25 common 7% preferred 25 International Telep & Teleg—No par International Utilities Corp— 5 Interstate Dept Stores No par Intertype Corp No par Island Creek Coal $6 2 13 7% Dec 21 Jacobs 14 18% Jan 24 *32 9% 19% 20% *31% , 50c common Feb Jaeger Machine Co— 148 *7 7 56% 14% *10% 49% 1 28% 14% 49% Aug 10 9% 9% 29 39% International Silver Nov 56% 56% 13% 13 4 *55% 200 39 45% 14 5.400 55% *162 58I/2 Dec 37% 13% 164 *45% 11% Apr 37% 39 *161 *56% 20 80 37% 37 97 164 164 No par Jan 27 35% 13% 70 No par 34 35 % 38% *69 Salt 23 136% Aug 12 69 % 70 Shoe 34 May 51 International 3 145 50 % International 9 17 137% Jan 52% 50% 17 Jan 14 7 28 18% Feb Jun 7% Feb 24 24 *6% Feb 35 % 39% May 6% 61 26% May Nov 28% 46% Oct 17% Mar Jun 9% 23% Mining Corp_ 1 Int'l Nickel of Canada com—No par $4 56% 9% 28% *94 13% International Internat'l 56% 9 % s 9% 28 7 71 22% Mar 29 *56 56 97 35% 38% —100 common & 37 1,500 *94 13% No par Machine Minerals 36% 2.100 27.200 *34% - 38 % -100 Hydro-Electric Sys class A—25 4% 35% 36% 37% 38% 99 *97 39 preferred Int'l 10 24 14 7% 35 36% 37% 99 1 Rubber Harvester 99 35 38% *97 20 Iron_ Business Int'l Jun Jun Interlake Int'l May Feb 6% 7 *97 35 »/2 13% common—,.—5 preferred 14 97 *34% 38 37% 37% 99 37% 39 Ctfs Inc Corp 30 DAY » *97 No par Insuranshares Dec Jun 5 V4 33% Dec 86 13% Jan *5l'% YEAR'S 98 *69 *161 Inspiration Consol Copper 29% Dec 234 6% NEW 36% 36 % 36% 1 No par _100 ' Interchemical 4%% *28% t S A Mex, Rayon Intercontinental 9% 5 Ingersoll-Rand common 6% preferred Inland Steel Co 8 15% 13 De Industria Electrica 10 Jan *55% 50 preferred 4.70% 55% Nov 12 15% 97 34% 100 —-— series CLOSED 37'/a 97% *94 . *94 *33% 4% clfs 36 % 35% 36 EXCHANGE 36% Illinois Power Co common 37% Nov 23 STOCK 36% 100 1000 stock RR 7% Sep 21% Jan Jun Nov 95 A lines Leased 51% Jun 28 0yi 20 % *35% 36 % 20 Co 16 36% Dec 100 7 22% Feb 24 42% July preferred 28% 1 *139 35 *57 451/4 49% *32 % 49% 5 J/8 50% *32% 35 5% 5% *33 35 10 9% 9% 9% 91/2 19% 19 % 19 1/4 19% 20% 20% 201% 31% 31% *31% 28% 28 28% 141 141 *139 141 9% 19% 19% 22 27% 28 141 10% *32 32% 28 *57 19% 21 21 5% 50 % 9% 19% 32% 5% *139 22 32% 21% *32% 28 28 141 *139 5% 2,200 51 19% 22 560 200 2,700 1,300 32% 100 28% 1,800 141 10 7 4,700 J 4% 18 79% Dec 92% 89% Feb 48 Jan 81 Jan 3 May 44 Jan 24 Dec 29 Jersey Cent Pwr & Lt 4% 19 Jewel Tea Co Inc Oct 99 May 95% Jan 17 105% Dec 20 88% Sep 42% Jun .30% Jun 6 50% Dec 30 Feb 113% Jun 20% Feb 35 Dec 106 May 101 145 Jan 29 Ya Mar 158 Jun 6 29% Jun Oct 09 30 102 Feb 15 Jun 155 39% Oct 21 Jun 14 May 23 1 Dec 28 54% Dec 23 Dec 6 130 109 Dec 20 33% Jan 7 Jan 3 170 3%% 6% 14% *14'% 94 No par *56 preferred 100 *49% 100 *133 common—_12% 2nd preferred series A Joliet & Chicago RR 100 52 ; *108% stamped-—100 Jones & Laughlin Steel com—No par H3% Feb 93% Apr 73 Jun 28 86 80% Nov 43 % Jun 30% Dec 21 40% Mar 16 Joy 11% Deo 21 12% Jan Kalamazoo Stove & Furniture 5% *104 No par preferred Johnson & Johnson 4% 7% *14% pfd—100 com Johns Manville Corp com 3%% 6% No par Co 59% Oct 94 89% 100% (F L) preferred series A *160 * 29% 6% 7 14% 15 *15 15% 93% *92'% 93% 190 57% 58 93% 59% 59% 4,000 *104 105% 105% 93 93% 56% 56'% 56% 57 50 135 52% 48 *129% 43 109 % *108% 185 *160 29% 28% 82% 105 104 49% 48'% *129'% 133 51'% 109 Va 49'% 108'% *160 185 29% 82% 100 81% 82% 1 Manufacturing Co 7 14% 93% 94 105% 7'/a *14'% 93% 104 7 7 14% 3034 31 30% 31% 10 10% 10% 10% 10% 28% 105 48% 49'% *130 135 51 51 49% 133 52% 59 48% *130 51 300 105% 70 49'% 10,300 133 51 108% *108% 109 Va *108% *160 185 *160 185 2,100 109% 185 29'% 29% 82 31% 29 29'% 20 ' 25.300 82% 82% 30% 29% j 83 82% 83 810 31% 32 31% 32 7,400 11 % 5,500 K 8% Jun 30 May 8 Kansas *89 Nov 88% Dec 23% Feb 98 94% Jan May 101% Dec 48% Oct 100% Feb 12 102 11 105% Nov 28 Aug 22 4% 49% Dec 14 Kansas 62% Dec 21 4% 14% July 25 17% Nov 9 Kansas Power 10% Jun 14% Jan 7 Kayser 52 18% 18 Dec May Jan 80% Feb 26 % July 17% Jun 15% Dec 22% July xl3% Jun For footnotes see page 18 1 23 13 23% Dec 12 19% Dec 12 City Southern com—No non-cum preferred & Light Co (Julius) Si Co B j. 10% *98 *104 11% 99% H'% *98 99% *98% 99% *98'% 99 :*104% 105% 49% 61 % *104'% 105 104% 104% 48 % 49 48 7% 49% 49'% 49% 49 49% *49 61% 60% 61'% 60 Va 60% 61% 61% 61% 62 16% 16% 16% 16% 16% 12% 12% par 100 com_8.75 • ' 5 Kelsey Hayes Wheel conv class A_1 Class 10% 99% 100 preferred cum preferred 3 60% Jun *98 100 3.80% 24 x34% Feb 48% Mar 103% City Power & Lt Co— 1 . . *20% 17% 21 17% 16 Va 12% *20 % 16 % 16 3 8 16'% 105 *104'% 16% 105 16% 170 8,800 800 10,100 12% 13 13 13 131% 13'% 13'% 21 20% 21 21% 21% 21% 21% 600 17% 17 Va 17'% 17'% 17% 2,200 17'% 16 % 1,100 Volume 171 Number 4871 THE COMMERCIAL NEW Range for Previous . Range for Year 1949 Highest . $ per share Lowest Sper share NEW Highest 1 per share Feb 60% Oct 40 Jun Nov 51 Apr 39 Jun 20 4a % Nov. 5 12% Dec 16% Oct 11 Va Feb 25 16% NOV 9 19 Feb 24 May 17 % Jun 15 25y4 Dec 3 Oct 11% July Jun 14 14% Jun 10% Jun 14 75 Jan 62 37% Oct 25% Jun Mar 29'A Dec 89 Nov 95 Va Feb 39% Jun 45% Feb 58 % 90 July 32 40 3A 56% Jan 6 104 3A Feb 63 Nov 49 29 I61/4 Dec 15 72% Dec 7 31% Jan 7 20 98 STOCK CHRONICLE 16 48% Feb Oct 43 14 Jan Saturday Dec Dec Kennecott Copper Kern County Land Co Keystone Steel & Wire Co Kimberly-Clark Corp com 4% ■' ; 14 2nd conv Kinney (G Co Koppers 4% Co Kress 60% Dec 3 16 27 Thursday Friday Jan. 5 t per share Jan. 6 $ per share Sales for the Week Sper share Shares 50% 50 Va 50% 50 Va 51% 51 51% 51% 52 46% 46% 46 % 46% 46% 46% 46% 46'A 46% 2,600 15% 15% 15% 16 Va 16 >4 16% 16'A 16 Va 3,800 24% 25 25 % 25'A 106'A 25'A 4,*200 106'A 16 16 24% 24% 100 common *106 1 109 *15% 16'A No par *71 10 29 29 93 41% No par No par common . Kroger Co (The) 24 % EXCHANGE 93 10 STOCK 109 *106 71 % preferred 62 % Dec $ per share 46% 100 Inc $ per share Jqn. 4 50% No par (S S) Co (S H) & Co 13 PRICES Wednesday Jan. 3 5 No par $5 prior preferred—- Kresge SALE Tuesday Jan. 2 No par preferred R) f per share HIGH AND Monday 31 . (113) RECORD LOW STOCK Par Jan -26 43 90% Aug 11 July 12 1071/2 Dec i.4 Mar 18 x35% Feb YORK $ per share 40 Va 92 YORK EXCHANGE 42'A : FINANCIAL STOCKS Year 1948 Lowest & CLOSED YEAR'S 25% 110 *106 ; 70 16 Va *16 16% 16% 16% *16'/a 17 71 *15 % 71 NEW 24% 106 106 25,500 *70% 71% *70 % 71% *70% 71% 10 4,800 ; 210 , 100 , 28% 39 28% 29 % 29*% 29% 29 Va 29% 94 94 94% 94% 94% 95 95 95 41% 41 Va 41% 51% 52 V* 62'A 4,100 1 *61% 61% 61 VA 61% 62 62 60 V* 42% 61% 42% *61% 42'A 61% 1,100 < 60% 60 % 60 Va 60 % 60 % 60 % 61 60% 60% i.eoo ; 7% 41,700 DAY 42% L 4% Feb 4% 6 Mj May 4T/a Jan B Dec 12 Apr 3% Jun 10 Dec 17 24 Mar 17% Jan 4 9% Mar 42 *5 9% Jun 6 26 Jan 21 53% May 43 22% Dec 14 Jan 19% Jun J an 8 Oct 19 19 Lee 22% Jan 90 Dec 99 Jun 90% Jan 20 98 10 Feb 6% Jun 3 11% Jan 10 Dec 33% Jun 13 49% Dec 29 8 Va Jun 3% Jun 43A July 41% VB 8 Jan 56 5% Jan 3 7 8 12 $3 15 8 % Jan 12 50c 15 56% Dec Dec 12 21 26 Va May Jun 8% Feb Feb 20% Feb 25 56% Jun 44% Jan 4 Nov 10% Apr 6% Jun 14 8% Mar 30 31% Mar 38 Va Jan 34 Va Jun 14 37% July 27 Mar 82 Jan 91 Oct 33 Nov 47 Nov 13% 174% Mar 72% Apr 11% Dec Lerner 91% Oct 13 13 186 Sep Dec 19 Jun x6% Jun 13 IOV4 Jan 7 52 Va Jun 17 14 .... Jun 15% Dec 23% Jan 13% Jun Dec 85 Jun 65 Va Jun 14 13% Jan 24% Jun 16 Va Feb 5 14% 57% Dec 20'A May Jun Feb 14% Jan 30% July 18 Feb 138 Nov 158 23 Nov 25 Nov 37 Dec 50 May 20 21% Feb Sep 91 Dec Nov 24% 3 273a Dec 14 Jan 28 172% Dec 21 23% Jan 4 32 20% Jun 95 Jan 14 15 Jan 14 Jun 13 Dec 31 41 Va Jan 31% May 31 11 25% Sep 14 Oct 20 100 21% Mar 30 Loew's Lone Year 1948 S per share $ per share I per share 50 Va 50'/a 50 Va 4% 5 Va 4% 2 2 Va 2 4% 5 1% 1% 2 17% 17% 17 17 *5% * 5% 56 50 5% 17 5% ' 50 17'A 17'% 18 5% 5% 6 10,600 9,200 6 40 10% 10% 10% 11 Va 10% 10% 1,000 !* i 23 22% 23% 23% 23% 5,800 > 63 63% 63 63% 63 Va 63% 2,500 .1 8Va 14,600 62'% 63 % 62% 62% 7 % 7% 7'A 7% 36% 36 'A 36'A 25 90 88 182 8'% 7% 7% 36% 36% 88% 89'% 183'% 183'% *182'% 50 50 *46 83A 64'% 31% 8% 64 % 64'% 63% 64'A 31% 17% 30% 17% 71 71 24'% 31 25% 30% 17% 17'A *71 24% 24% 16% 17'% 16% 76 75 Va 24% 64% *63 Va 31'% 18% 19 25% 74 25% 25 31 31% 18% 400 25% 23,300 17% 17% 17% 18'/a 27,300 78'% 79 78 79 23% 3,000 2,100 26% 4,500 22% 22% 22% 22% 22% 22% 22% 27 27 Va 26% 27'/a 26% 26% 26% 26% 22'% 26% 172'% 171'% 171 *171'A 172'% *171% 32 32 31% 32 32 32 32 50 32% 32 Va 321/a 1.700 34'A 35 34'% 34% 34'% 35% 35'A 1 35% 35% 9,100 23% 35% 23% 24 Va 24'/a 24'A 25 100 24% 25'A 24% 25% 4,200 *98'% 991% 99 99 99 Va 99 18% 99% 99 10 18% 18'A 19'% 19% 19% 19% Nashville Sons Inc Feb com LOW STOCK Saturday EXCHANGE I per share HIGH 99'% 18% 18% SALE Tuesday Jan. 2 tpershdre *98'% 18'% AND Monday Dec. 31 Par 13% Dec 30% Mar 27% 6 27 M 30 42 Dec 15 MacAndrews 10 139 Oct 2o 131 Jun 9% Jun Dec 10 Nov 15% Feb Apr 15% Jan 10 Mack Trucks 6 Macy (R 104% Dec Feb 21 Dec 5 Dec 525 Apr 430 7 Jun 24 13 24 9 7 Mar 25 11 Dec 26 Jan 15% Jun 5% Feb 14% Jun 6% Feb 25% May 17% Jun Dec 15 Dec 8 Feb 22 Va 92% Dec 9% Nov 11% 47% 17% 10 Jun 15% 6 Va 22 Jan 6% Feb 13% 18% Mar Jan Sep Dec May Sep 19% Jan 525 Dec 14 18% Dec 30 10 10% Apr 29 13 6% Jan 17 25 13 191/8 Apr 95% Jan 29 5 Dec 8% Dec 4 30 104 Dec Apr 7% Jun 14 19% Jan 10% Feb 11 12 Apr 13% Jan Feb 69% July 39'% Jun 13 59 13 18 Dec 27% May Hi/4 Jun Feb 45 Oct 34% July 12 Nov 176 Jan 170 Feb 15 7 18% Oct 22% 27% 28 .24% Dec Dec xl65 3 15 % Aug 30 Dec 16% Mar 18 29% May 103% Jun 22 13 20 Jun 10% Dec 6 12 7 27 19% Jan 48 179 Dec 7 27 Aug 16 Dec 23 4 % % pfd 173 110 60 1,800 PRICES Thursday Jan. 4 S per share * • Wednesday Jan. 3 Friday Jan. 5 '$ per share $ per share Sales for the Week Jan. (5 $ per share Sharet (V Co Mandel % % (Glenn Masonite Master Apr 38 Jun 93 Jun 89 Jan 4 93 Jun 89 Jan 11 77 Va Aug 85 Jan 80 Feb 23 88 Dec 28 8% Dec $3.40 12 % May 7% Jun 27 12% Dec 17 Maytag 33 Dec 110 Apr 21 Dec 25 Feb 88 Jan 29 Nov 23% Mar 41 Dec 43% Jan 41 Va 30 Jan 112 110 Dec 21 Sep 12 $6 25 Jan 10 90 36% Dec 16 McGraw Feb 24 34 Apr 21 3 60% Nov 9 Dec 35% May 301/4 Jan 4 41% Dec 30 98% Jun 2 Jun 92% May 3 19% Feb 11 102% Dec 24 Va 15% Dec 24% Jan X13 May Jun 16 25 Dec 31 Jun 93% Nov 4 Dec 46 Va May 28% Jun 34 % Oct 23 20% Dec 25 27 11% Dec 19 '/a Jun 20% Jan 3 Dec 20 7% Jun 14 13% Jan 8 Dec May 62 % May 341/2 Jun 30 49 Jan 18 Va 12% Jun 14 Nov 60% May Jun 7% Mar 21 27 Apr 28 90 Jan 85% Nov 95~% Jun 17% Feb 27% Jun 18 44% 3 105% May 25 July 27 Jan 22 15% July 25 1st 8% Jan 20 Merch & Min 14 Merck & 99 Dec 22 $3.50 130% Dec 15 $4 23 % Jan 20 Dec 30 % Jun 20 Dec 13 Mesta 104% May 97% Jan 3 104% Dec 23 Nov 106% 101% 13 Feb 38% Feb' Dec 105% Oct 18 110% Feb 24 19% May 69% May 8% Jun 14 14% Jan 8 37% Jun 14 141/4 Jun Dec 11 Nov ' 9% Mar 42 Ve 87 Nov NOV 54 % Mar 981/a Oct' 10% Mar 140 Jun 16 May 14 July 56% Apr 6 18% Jun 128 40 14 124% July 14 10% Aug 2 7% Jun 15 43% Feb 98 May 87 78 May 66% Jun 105% Jun 18% July 104 Mar 10 48 Oct 19 Middle Midland 139% Mar 3 1st see page 59 59 59 59 58 % 59% 59 59'A 1,900 15 15% 15% 15% 15 % 15% 15% 15% 2,800 47% 47% 48% 48'% 49 48'/a 49 % 15% 48% 15% 47% 49'A 5,200 *175 178 *175 5 48% 48% 48 *97% 93% «97 % *97 93 97 % *87% 88 *87% 11 % *42% *111 21% 1 *35 100 *99 44'% *31 0 58% 18 *40% 2—10 25 * 13% No par 14% 100 .*80% 50 31% 1 1 1 80 Inc Co *101 *26 11 *42% 3% 11% 42% *98 178 *175 178 48 48 % 48% 48% 98% 98% 93% 98% 99 120 98 97% 97% 97% 98 98 98 230 88 87% 87% *87% 88 *87 47% 48% 11% 12 '/a 12 12% 12% 43% 44 45 45 45 .45 112 111 111 *111 112 *111 112 21% 35% 101 22% 22% 35 35 *99 101 *111 22% 34% *100 44 44% 44% 31% 32% 32% *32% 58% 41 % 25 13% 58 40% 58 4C% 57% 40% *101 102 *101 25 25 25 13% 10 6.900 12% ' 44% 103% 1,700 87% 11% 112 22 22% % 22% 35 101 45 45% 35 101 34% 101 45 *32 % 33 57% 57% 40% 40% *101 102 *25 25% 33 57% 40% 102 25% 22% 35 *100% 45 *32% 57% 40% 500 140 22% 35 1,400 600 102 10 45 1,700 34 300 57% 41 1,000 700 *101 Va 101% 25% 25% 14% 1,000 14% 15 15% 15% 15% 15% 15% 15% 2,400 *80% 83 *80'/a 83 82 83 84 84 31% *32 33% *32% 33'% 33% 33% 32% 32% 500 26% 26 26% 26% 26 26% 26% 26% 26% 2,900 11 11 11% il % 4,900 14% 11 % 44 42% 99% 128 13% 13% 14% 13% Va¬ ■i J. */2 42 % 42% *41 % *14% 14% 14% 14 % 14% 7% 7% 7% 7% *75% 42% 42% 42 % *42 43 42% 42% *98 99% *97 98 127 127% 127 127' *96 * 14% 14% 800 82 8 *127 *175 178 *97% 44 *7% 50c *175 *42 14% No par 48 98 % 44 14% No par 11% 178 150 H% 11% 11% 43% *41% 43% 50 14% 14% 14% 2,900 8 42% *7% 42'A 300 8 42 3 98 *96 126 126 8 7,500 98 127 Scott 300 No par 20% 20% *20% 21% 21% 21% 22 21% 21% 1,800 8 & 126% 21% *39% 39% 39% 39% 39% 39 % 39% 39% 39% 39% 3.90% 900 104 % 104% *104 105% 110 *108% 110 pfd_100 Petroleum Prod 104% *108% 110 8 Utilities *103% 100 series 12% 13 40 V* 40% t 10 Inc 104 *108% 13 40% 40% 40% 41% 18% 17% 18 29 28% 29 18 18% 17% 28% *28% 132 *108% 13% 28 *130% 104% 110 13 5 100 *103% *108% 13 No par common 104 110 131% 131% 13% 41 % ■ 13% 41% 13% . 13% -80 4,700 41% 7,900 17% 18% 18 18'A 29,400 28% 29 28% 29 41'/a 3,800 25 Minneap & St Louis Ry 131% No par 131% 11% Jan 12 Minn 11% 11% 11% 11% 11% 12 12 No par 11% 11% 2,100 10% 10% 21 10% 10% 10% 10% 11 11% 10% 11 4,400 Nov 22 Dec 14 108 Dec 8 14% Jan 15 St P & SS Minn-Honeywell 3.20% Minn conv Min Marie Regul pfd & Mfg $4 preferred 15 80 Feb 25 $5.50 1st 22% Nov 9 $1.50 2nd A No par preferred 62% 100 No par common preferred conv 3 com series common Minneapolis-Moline Co 16 18 58% - t 12 16% Jun footnotes 58% preferred 67% Jun For 110 8,200 12% Jan 101 <4 Steel 26% 103% 63% Nov 101 13 8% South 25% *102'/a 2,300 Co preferred Mid-Continent 1 5 Dec 25% 102% 9,100 Copper 18 % Dec 7 Jan 4.35% Miami 780 24% 102% 24% 103 13 No par Metropolitan Edison 34 10 10% Jun Machine *102 % 17,100 11% common Co Merritt-Chapman Jun Nov, 24% 102% 3,100 9% 19 10% l preferred 92 24% 102% 9 18% 12% common 35% 9 Vs 18% 12% 1 Transp 2nd 8% 18% 11% com preferred conv 9% 18% 10% Co Co Inc 25% 18 % 26 12% preferred 43% Dec 25% 12% No par • Stores 25% 11% Shoe Co 24 25 % 12 Mines Robbins Inc Norris conv 103 4,700 8 Vb 8% * 200 8'A 8% 10% No par Mfg Co Corp common 4%% pfd (1st series) 4% 2nd pfd (1st series) 5% 25% 9 % 18% 18'A 11% 1 Publishing & Mengel 8% *18% 300 18% 8% 8 7,400 9 9 9 19 19,500 8% 10% Co Porcupine Mercantile 8% 18% 24% 11% 550 8 9 *18% 18'/a 11% *500 8 100 11% No par Corp (The) 25% 11% 550 7% 9% 7% 25 11% *500 17 10% No par preferred Melville 7% 2,600 17 12 No par Mead 15 96% 12% July 14 70% May 25 17% Jan 80% Mar 7% 1,300 17 16% *9 18% 10'A 10% No par McLellan-Stores 9% 19% 18% *102% No par Mclntyre McQuay *9 32% 103% *10>/a 16% 7% 2,900 31% *102% 10% 11% 13,200 32 10% 550 600 12% 103 10 % 7% *18% No par McKesson $4 11 *500 7% 12% 1,000 10% common Electric 16% 31% xl03 12% 13 38% 139 11% Corp com preferred conv 17% Mar 11 31% 13 3%% 25 *10 11% 550 *7 7% 8% 1947 series—No par preference McGraw-Hill 41% Jan 52 % May 13 21 10% *500 24 . 1 — Dec 25 No par Corp McCrory Stores 45% Dec 100 Feb 00 cum 4 7% 100 ; Corp preferred 1st 14 Jan 12% $3 9 19 DAY 13 38% *137% 1 common Jan 18% 47 Co 7% 9 No par pfd cum 24 May 23 Va pfd McCall 29% Dec Stores 550 *18% 100 cum 11 7 S pfd preferred 87 15 Dept 10% *500 No par $3.75 45 30% Mar 23 16% 104 12% 39 139 No par Co $3.75 29% Jun Jan 31 May 113 , 16% Co Chemical 8 5 Jan 16% 5 Corp 27 19% Mar 22 Jan 36% May 101% Jun 42% May 25 Dec 16% preferred 47% 98% Dec 31% 1 com 12% 104% 100 L) Electric Mathieson Feb 49 31% *103'% . Martin-Parry Corp 7% 31% 1 Corp prior 39 *137% 12% 10% preferred Martin 12% 104% 1 Co 12% 10% 50 6% & YEAR'S 12% 13 39 139 31% 6.28 Ry Field NEW 13 *38% *137% *103% Corp St 12 % 13 39% 139 10% Exploration Midland 31% 12 % 38% 10% Co Shirt Market 4 *31% . No par Marine Marshall 12% * *137% 10 Bros Marathon CLOSED *103% Co_ Oil STOCK EXCHANGE 100 (The) RR Sugar 12% 40 % 139 No par A_ Garden . Coal Manati Manhattan 12% No par com Copper Maracaibo *39 % *137% a series Magnavox 12% 10 Inc Mahoning 35% Mar 98 • com 100 Square Magma 84 1 Forbes Co Inc H) Madison 84 % Mar - Working Co & 33% Jan 9% Nov Wood preferred 95% Jan 6 8% July 27 10% Jun 23 24% May 6% & M 6% 14 Xl6% 490 14 % Oct 27% Jun 22 39% May 103% Jun 94% Jan 1 4,300 17% 22'A 171 7,300 18% 74 24 Va 62% 61% *99 , 100 100 100 100 99 109 *107% *107% 62% 100 99% 109 61 100 99 *107% 61% 100 99% 10-' 1 13% 14 13% 13% 13% 100 79% 80 80 80% 80 14% 80% 20% 19 % 19% 19 21% 25 *19% 131 62 131 62% 100 100 100 100 108 108 Ve 14 % *81 20% 131 62% 100 99% 108 132 62% 60 2,100 100 370 100 4,100 108 14'/a 14'A 14% 82 80 81 20% 20% 20% : :: 1,600 77 * 172% ;; 14,600 16% 75% *170'% 'j f 8% 64 *73 • ! 20 48% 8% ; . 4,400 185 8% *73 , 300 37 75% 16% 76 *46 31 ,72'% 3,500 88'A 88 *183 50 64 18% *71 88% 8% 31 Ve 17'A 72% 7% *36% 186 *46 56'A 56 8 36% 88 Va 182'% *46 8% 100 l 7% 8% par 56'A *36'A 8% *63 56 . 89'% *181% 50 *47 56'/a ' 90 *181'% __No par YORK 55% 56 *36'A 5 4 % % pfd series A Lukens Steel CoJ 31% Apr Jan 142 , 2,100 6 22% n0 par 9 % Jun Dec Oct ' 1 11'A t 129 • 2,000 M X35% . 3,600 5 2Va 18'A 18 5% 6,700 50'A Va ' , 8 7% 8 »t 22% No par $ per share » 49% 4% com Inc NEW 7% 1% Cement Corp No par Bell Lumber (Md) A__No par Lorillard (P) Co common '10 7%. preferred I100 Louisville Gas & Elec Co (Ky) No par Highest 96'% 7% 4% Star Range for Year 1949 Lowest *95 96% 7% 49% STOCKS : Highest *95 , 1,900 1% Long Range for Previous Lowest 21% 4% Corp & 21 49 Va . (M» 21 1% 7 Co_ Lowenstein 21 4% No par & 20% *49'A 5 Co Lousville 100 22% 3%% conv preferred Lockheed Aircraft Corp 5 44 Va 55 3 4 Liquid Carbonic Corp com—_No 20 44'A *10% 20 31 44 96'% *95 7% 600 *43 10ta -n Dec 96% 7% 30 24 23 31 25% Oct *95 7% 47 *23% 56 Va Jan 18% Aug 96'% *46 23% 10% 25 Va Dec 76 153 35% May 98% July 17 Oil 6 20'A 7% 100 Lima-Hamilton Lion 8 20 44 1,200 47 23'% ' ' 22% prefeired 14 3 19 y8 Jan Jun 7 % Belt 17% Dec 20' 20 *95 No par Liggett & Myers Tobacco Link 78 *43% 1 Corp Lily Tulip Cup Corp 14 Jun x60 Savers Dec 15% Jun 68% Nov xl8 ' 44 11% 11% 11% *46 1,700 5 Corp Owens Ford Glass McNeill & Libby Libby 33% Oct 14 68'A x67 Stores Li'bbey Life 12 49 70% May 55'A Mar 14 15 19 8% Feb Jun *43% 11% 47 23 'A par Lehn & Fink Products 29 33 23 44 % 11% *46 23 22 22 . 600 3% 3% 4 22 No par 17 28 Dec 170 May 47 *22% 10 preferred—No par pfd No par (The) ] 26% Sep 64 11% *46 25 2nd Corp 11% 46'% 23 7 Va 7% 4 21% " 1st non-cum Lehman Dec ' non-cum 16 16'A 157 Lehigh Coal & Navigation Co Lehigh Portland Cement Lehigh Valley RR No Lehigh Valley Coal com 11% 7'A 4 22 Va 21% 46'% 19% Jan x41% Jun 11% 7'A 4 3% 22 23 l (James) & Sons Co com 3 3.85% cumulative preferred___100 4% Jun May 11*A 50 ; Tire 7'A 7Va 3% 21% *43'% 24 % Jan 3 common & 7% 3% 21 Va 5 13 43'/a 8 Rubber Jun 15 10% May Feb 13 1% Jun Bryant 7% 3% 21'% Lees May 24 13'A May 26'A July 5% 6 Lane 7% Mex No par No par 4% 7e preferred Lane-Wells Co 17 29 Jan 4 Pesos (The) Jan 16 % Jun 1% Co pfd__75 6% Co 47 26% May 4 % Mar Consolid Lambert 45 Va Dec 4 Dec 19% Mar Light 26 % 14 37 May 39 La Gas 23 21% 30% Mar Laclede 11% Dec 7 29% May 47 Aug Mar Oct ' 14 Va May Oct 25% 8 50 11,500 540 2,000 : ; . STOCK YORK NEW FINANCIAL CHRONICLE & COMMERCIAL THE (114) 14 Range 1 Year 1948 Lowest I per share 42% Feb Highest $ per share 38% Jun Jun 13 V* Feb 13 15% Jun July 34 14 6 5% Aug 16 29% July 61% May 45% Not 99% Deo 105% Mar 9% Deo 26 % Nov 7 Monarch Machine 10% 14 101% Jun 14 114% Dec 15 Apr 112% 57% Dec May 122 47% Mar 4 21% Jan Deo 22% Mojud 103% Jun 16 113 Dec 16 47% Jun '13 May 12 14% Dec 4 Jan 10 Oct 65 4 45% Jan • 59% Mar 29 13% Dec Moore-McCormack 10% Jan 27 Jan 16% JUD '29 11% Jan 21% Dee 14 20% Jan 29% May 19 Deo 28 May 23% Dec 14 15% Deo 24 Jun 11% Jun I 17% Jan 8 Mueller Brass r9'A Jun 1? 14% Jan 7 Mullins Dec 8 -Tan 7 Munslngwear 38% Feb 17 50% Dec 30 13% Not 16% 14% Feb 45 Jan 112 Jun 12% Sep 17 I 12 Jun 6 26% Dec 6 27% Dec 31 14 9 May 107% »»jj 15 % Jun Oct 83% ' 16% JUD Oct Deo J'J 108% Oct 19 Jan Jun 10 11 1»v '.'9 Mar 17 15% Dec 31 39 Oct 11 61 14 Jan t Morrell (John) Motorola 4% 5 5 5% 4% 21 % 22% 21% 23 22% 22% STOCK 25% 56% 56% * :No par Nopar 114 112 *111% 33% 34 34 34 34 11% 11 % 11% 11% 11% 11% 11% 25% 25% 25% 25% 25% 25% 1,000 56 56% 56 % 56% 56 56 % 5,800 113% 112 112 *112 114% 113 112% 113 *112 114 12% 13 13 13% 54% 55% 55% 13% 19 24 23% 24 % 26% 27% 26% 6 21% 21% 21 % _1 15% 15% 15% 13 13 12% *9% 9% 23% No pwr 1 6 9% 1 100 10 —60 Murphy Co. (G C) common 4%% preferred Murray Corp of America com A% preferred *50% 51% 110% 84 Deo 48 Jna 30% Mar 22 50 Deo •5% Jan 41 14% Mar 21% Jna 10% Jun 14 17% Dec 31 llaih-Kelvlnator Feb 82% Bap 22 Jun 13 32% Dec 31 Nashville Chatt & St Louis 19 National _ * 9% no% Inc 50 110 % i 1 Myars (f E) 4 Bros *111% 113% *12% 114 100 300 113% 13 1,500 55% 56'A 56 57 21,900 13% 13% 13% 14% 13% 14% 17,800 *18% 18% 18% 18% 18% 18% 500 24 24V4 24% 24% 24'A 25% 6,100 27% 27 2 7 Va 27% 27% 27% 30 7,900 21% 21% 21% 21% 22 Va 21% 23 2,400 15% 15% 16% 17 17% 17 17 2,800 "12% 12% 12% 13% 13% 13% 13'A 5,000 *9% 9% 9% 9% 9% 9% 600 50% 50% 50% *49% 50 'A 860 *110 Va 110% . 50 % 110% 50 110 Va *110% 111 *110 70 16 11,400 15% 15% 15% 15% 15% 16 *37 37 % *36 % 37 *36% 37% 37 37 *37 38 y4 500 43 43% *42% 44% *42% 45 45 *42% 45 200 15%- 15% ' July 900 25% 19 I 7,100 1,200 56 Va 13% 13 % 18% 4% *111 Va 55% 13% 4% 56 54% 54% *18% - * 4% 25% YEAR'S DAY 13 Nopar Co 23,200 4% 33% 12% Corp__ 24% 4% 23'% 4% 22% 4% 34% 12% _ 19,400 *112 NEW . No par _ 4,300 5'A 4% CLOSED 112% 13 Co——5 22% 1,800 10 33% EXCHANGE Shares 47 11% 25% Lines Inc Wheel Motor 4% 5 Products Corp 'Motor 4 % 4% 12 Co & 9% 11% Mfg Corp * 9% 4% Montgomery Ward & Co 17% May 10 1 31 Deo Not 48 Va 9% No par pfd series B Montana-Dakota Utilities 10 47% 9% 34 % conv 20 47% 9% 4% $3.25 conv pfd series A 64 47 46-% *34% com the Week t per share 9% 1.20 Co Jan .6 , 47% 4% Sales for FricKy Jan. 5 9% pfd_100 Tool Chemical Monsanto Tbnr«day t per share S per share t per share 46% 20 con Inc Co Hosiery Jan. 1 10 9% 100 A Mills Carpet 9 Jun 15 V# Mohawk 12% Dec 9 44 series preferred 7% Missouri pacific RR 5% PRICES Wednesday 48 48 No par SALE Jan. 3 f per share f per share 10 6 com RR Mo-Kan-Texas i3 Jan Jun Deo Co Corp 20 35 6 Feb Mission Mission Development Jan Jun 9 7 Jan 85% Mar SO 3% Aug 16 25 *33 V* 6 10% Oct 20 13 3% Jun 9% July Por share 54% Jan 14 7% Jun Feb 4 $ per f per share HIGH Tuesday Jan. 2 Dec. .31 EXCHANGE AND Monday Saturday STOCK YORK NEW Year 191!) r Lowest Highest 7J% RECORD LOW Range for Previous Monday, January 9, 1950 Napa* *42% 15% N 20 •16 Deo 4% ' 6% 9% 26 Sep Feb Not 17% Mar 29 Mar -26% Fob 82% oat 162% Oct 175% Jon 5% Not 12% Deo 45 July 9% May Jun 46 6 Feb 9% 14 Jan 3 9 y2 Apr 4 9% Jun 13 18 Dec 23 Deo 13% 5 10% Jun 10% Mar 82 21 Deo 17% Not -12% 7% Mar 19 Can National National 5% Jun 13 13 9% Jun 13 10 8% Aug 19 9% Jan 8 30 National 14% Fen 2a 14 95% Dec 29 38 % Dec 19 May 13 Jan 88 Jun Oct 177 Jun 29% Apr 169% Jan 180 Not 147% Apr 135 Deo 7% Feb 15% Feb 84% Jun 19^ Deo 1 Not 25 14 4 183 8ep 15 4 152% Dec 27 5% Mar 10 7% Dec 5 la'ADec 31 Jan 14 Jun 13 x% Jun Jan IS U Jan 19% Jan 21 May 4 Dec 14 26 114% Oct 73% Jun 13 95% Nov 25 15% Jan 21 % Feb 26 28% Dec 16% Not 25% July 80% Not 94 21 Not 10% Deo 80% May 15% May 9% Not 12% Jan 15 % Dec I Dec 16 x80 9 Not Not 8 19% May 16 86 Jan 24 S 10 14% Dec 30 104 V2 Dec 6 *27% Mar 86 29 Mar 28 42 23% 23% 23% 9% 19'A 10 10% 4,900 >9 19'A 14,700 *95 95% 95 95% *95 Va 95% 95% 95% 95% 95% 240 35% 6,200 37% 180% *152% 1 7% 37% 180% 36% 31V* 180% 180% 154 152 153 27% 27% 27% 16% 27'A 27'A 600 16% 9,200 Tea Natomas 19 19% 16 Va *80% 10 Co Fibre 38 *11 Va Neisner Bros 4%% Inc (J J) preferred 3%% 7 142 Dec 16 14 % Jan 8 NY New York 20% Jun Jun -g Air Central 31 65 9 N Y 61 Jun 48 Feb 14 61 Jan 858 Mar 205 Dec 21 250 5Va Jun York York Dec Jan Jun New New Mar Jan 13 21 Brake Dock RR *38% *100 101/8 *102 *64% 13 Va EXCHANGE 100% CLOSED 10% 105 "^8 V2 *100 10% NEW 13'A YEAR'S DAY 65 65 13 61 Gas 11 *103 j 107 67 105 67 *38% 39% *100'A 101'% 10% *103 65% 200 30 11 13,400 107 1,100 66 13% 13% *66% 68'% 27% 27'% 27% 27'% 27% 28% 28'% 29'% 28% 6,600 *29 11% 11% 99% 142 12% 12% 991% 101 143 - 13% 13 V. 13'/a 32 34 34 142 12% 101 29% 3,900 12'A 12'% 87,500 98 99 2,100 142% 143'A 1,500 13'% 13'A 15 V4 5,300 37 34'% 34'% 143 13'% *32 *55 65 *55 63 *55 65 *55 *225 1 5,000 245 *225 245 *225 245 *225 7% 7% 7% 400 63 Va . 100 245 7% 8,000 32'A 8,200 7% 1 7Va 7% 7% 7% 31 31 Va l\ 30% 30% 3OV4 31% 31 99 Va 99 Va 99 Va 99Va 99% 99% 99% *99i% 100 50 171/4 17V4 17% 1 % 17% 17% 17% 18 2,200 53% 53% 53% 53'% 53% 2,900 96'A 96 96 96 96 40 87 87 100 7Va pfd 100 Shipbldg Corp partlc stock—1 100 * Light 3.90% Elec & 13% 245 State 101% 104'% 14i% 28'% 61 N Y 40 *102% 68'% 27% 27% *225 N Y 39'% *38% 104'% ' 66 7 *102'% 13% 26% Nopar 19% Apr 1,300 104% *66% 27% 30 26 1,300 15 68'% 26% 29% 15% Feb 10% 15 13% 27% Nopar Oct 10% 15 66 27'A 142 19% 10'% 15 13 *66% 141 Feb Shares 10'A 15 10% 68'% 13 14% Sales for ir% *100'A *66% 141% A 2,200 the Week Jan .6 5 . 65»% 13% N t per share 11 68 % Hart RR CO-100 series Jan 101 *102 105 700 4,200 t per share 10% 11 10 81% Friday Thursday ' share 100% 100% *102 66 39 3y *66% 13 Co N Y New Haven & 17 17 < 31% 100 31 Corp— Common *3.75 STOCK 39 141% N Y 18 10% 10% 106 6 23 10% 100 100% Dec 53% Dec t per 6 per share *81 PRICES Wednesday Jan. 4 98 4 96V2 Nov SALE Jan. 3 111/2 14 S 6 per share HIGH Tuesday Jan. 2 27% Jun Sep 20 LOW AND Monday 11% 91% Jan Jan ■ 28% 21 48 % 11% 100% Jun 86 11% 11% 89% July Jun 11% *95% 96 5% 11% 106 Feb & 11% *14% Not Power 11% *102'% 86 Preferred 12 11% 700 3,000 37% 11% 14% 20% 33% Jan 21 * 10% Nopar common Harlem 37% 11% Na par nori-cum preferred & 38 11'A 104'% No par N Y Chic & St Louis Co com 31 *37'A. 11'A 14% Industries common 1 preferred 100 Newport News Ship & Dry Dock—1 Dec 37% *11 Va *102 Va 4%% 30 37% 11% 14% Newport •6% 38 1041/a 1 preferred series A City Omnibus Corp 13 20 81 Va 14% Jersey Pr & Lt Co 4% pfd—106 Newmont Mining Corp 16 16 Jun *81 *1021/2 100 13y2 Jan 10 81 1 Elec System 102 y4 Dec 117 Va Jun 16% 81 11 Va 0 per share common_Nopar Newberry Co 16% 16 100 common preferred 16% 16% *11% 11% , 10% 19% U" *37'A ! Saturday i.—Nopar 91 % 20 81 16 Dec. SI Corp 19% *80% 1 11 Par Nehl , 38% 10% STOCK YORK *19 16% 1 Co Co \ 81 No par Vulcanized 0 12 201/4 2,900 *27 13 33% Jan 19% 190 7% 7% 27% 14 Jun 140 153 7% 27% 9% Jun 56 153 7 % 7% 27% 24% Jun 92 153 *151 % 152 73/, 182 27% 14 12 151 Va 7% 19% 181% Co No par National Supply (The) Pa com lo 4% % preferred 100 67% Dec Apr 7% 7% 181% 180% 181% 35'A 36 35% 36 36 *180% 6,100 Jun -18% July 68 50,900 9% 19 92 43% Jan 23% 9% 19 % 91% Not •1 23% 9% 18% 93'A 81 14% 22% 9% 19 V. 92% 14 6% Mar 22% 9% / 92 23% Jun 49% 22% 1 9% 92 Oct 200 22% 9% 91 84% "27 7,100 92 % Feb Mar 7,100 17% 92 % 20% 20 39% 17 26 65 Feb 39 18 18% National Steel Corp National Sugar Ref Jun 11% Mar 39% 17% 2,100 90% 121 39 17% % Not July 144 July -23% Apr 39% 16% • 19% Feb Feb 38% 16% 24>A Deo Deo 39% 16% 22% Cast-No par ex-dist 70 12% 38% 16% 10 Corp 12% '85 1,900 ' 39 V. ' 19'A New 16 ll'/a % 22 17 11 24'A 102 % Dec 14% Dec 36,400 11'A 23% 2 72% Jan 7,000 8% 8 Va 11 % New "England 14 8% 8V4 11 10% 23% 15 20 8% 1,900 11 27 Apr 30 8% 8 Vi 8% 60 13,200 36 V4 23% 102% Oct Jun • • 35% 8 7% 35% 8'A 8% Va 8 7% 35 3A 19 Corp 88 89 10%, 8 8 IO9/, 1 % *11% Dec 9y. Feb 7% 10% IV* 7% 35% 35% 8% 8% . 7% . 35% 183 183 *23% Mar 21 94 Aug 14 July 26% May .. IV* 35% . 183 183 % 8 *8% Jan 99 39 % Nov 21 7. • 183 *182% v 7% 1 9 per share 13% Mar SO 182 Va 16% EXCHANGE 12 93% Jan 100 6.000 23% NEW 12% Jun 90% Mar 7% STOCKS Jan 3,300 38% % Range for Year 1949 Highest Jan 14 40% 23% Lowest May 13% 38 Va 39% 38 i» 1 *101 y2 Jan 12% , *39% 24% 13% Nov t per share 182 % ' .. 39 11.16 common Steel Lt is Shares 9% Jun 20 Jan 98% 17% .* 17% 40% *% Power National May Feb £9% 13,400 9,500 *23% Malleable & Natl National Natl 9% Jan • .,18 13% "14 *39% 570 3,000 8 Nopal No par Nati 14 19 Not ' 36% 8i/„\. %' 8 No par preferred B 20 104 8 '• 7Va lOg 100 Co 6% 12 Va Apr Jaa i 7% 8 173A 13% 40 % 38% 39% 183 *35% 1 Prod National Linen Service 38% Dec $ per share 87 *182'A 10 preferred A 4 Highest 19% 39 13% *39% 13% 40 - 7% 17% 17% 17%. 13 40 39% ;. 39 %s 8 31,500 No par 1% 13 Jan 17% 13%' 40% : Na par Corp Lead National 9% Jun Feb 100 100 preferred $4.50 21% Jan Year 1948 12% 10 common Enameling & Stamping National Gypsum Co com Range for Previous 6 per share Co Nat 19% Dec 29% Lowest 17% Distillers National 22% Dec 162 7-% Cylinder Gas Co 1 Dairy Products No par Department Stores 1 29 Aug \8 t7 <v. 13 86 % 7% National 39 % Dec 13 96% May 7% 7% *11% Jun 14 Oct 7% 17% 7% 10 % 14 65 23% 1 National 11 7% Jun Jun 33% 24 Va- 23% National City Lines Inc National Container Co Jan 12 13% Feb 20% 17% 33% 23% 13% Cash Register 17 V* Jun Sep 17% 33% 23% *40 preferred May 15 Not 1% 36% Nov 28 Deo 20 15 • 27 % Feb 173/4 33% 23% 17 4 22% May 14% 81% Mar Biscuit 16 13 Jun Dec 6% National Aug 28 4% Jun 14% Aug ,24% Mar -14% 17% 34 23% Co. 30% Jun Jun 17% 33 23 % Corp Battery 185 % Sep 5 17% 32% 23% National Automotive Fibres National 170 % Mar IB Jan 17 32 24 % 1 National Aviation 40 % Dec * 17% 32% National Airlines 41 3 30% Jan 17%, 32% 1 Co 13% Dec 30 13 Jun 14 ,28 May 9% • 24% Dec 17% Jun 10% Maj 18% July Jan f ltO Corp Acme 26 53% 100 preferred *95 53% 53 53% 96% 96 96 53'A *95 Niagara Mohawk Power Corp— 3.40% preferred 3.90% preferred Deo 25% y2 Maj * 27% Dec 7 NoDlltt-Sparks 13% Deo 6% Jun 16 14 Jan 3 Noma 23 Deo 17% July 36 Va Jan 21 % Jun 6 30 Dec 13 Nopco 55 Feb 62% Not 47% Sep 21 59 v* Jan 10 Norfolk 25 Aug 28 y« Jan 26 7 2b ^a Jan 20 17% Jun 15% Jan 3 8 V8 Jun 14 20% July 19 7 11% Jan 14% Mar 8 Jan io 13% May Mar 1 Co 9 21V* 25% 26 26 26 9% 48% 49% 27% 28% 27 29 9% 28% 9% 75% July 22 85 18 •Northern Central Ry 19 19 Va 25% Feb 36% Jun 31 Jan 14 39% Dec 30 Northern Natural 16% Deo 27% Jun 11% Jun 13 19% Dec Northern Pacific 78 Aug 90 9% 27% 800 9% 9% 3,800 *29'A 29'% 1,000 900 50 48% 49i% 49'A 49% 48% 49'A 27 *26'% 27'% 26% 26% 26% 26% 300 19'A 19'% 19'A 19'/. 11'A 11% 11 Va 77% 77% *771/2 Co. .10 39 39 Va 38% 17'A, 1.7% 17 * 39% 17% 100 26 29'A 19% Ry 9'% 29 .60 Gas 2 6'A 29% .10 Jun 9'A 29 Co_ Aviation. 93 13 49% .26 _ Co American 9% 29 Ry com preferred American '■ 4 Western & Adjustment North 99'A *26'% 10 — *25% Corp Chemical North TOO Industries Electric 82% Mar Feb 99'A 27 • 2u .Tun 100 — 19 19% 19'% 37,700 11'A 11% 34,800 80'% 39'A 38% 38 Ya 4,200 18% 17% 18% 22,700 11% 64,300 11% 11% 78'% 79 39 39'A 38'A 17 18-% 18'% *771% 12,600 *79'A 11% 78 11 Va 11% 78 • 150 Nsrthern States Pwr Co (Minn)— 8% Feb 23 Mar 103% Oct 8% Nor 17% Mar 18 Not 33% 3% 84 109% Deo Apr 29 107 % Sep 7 19 liyaDec 5 Common No par 10% 10% 95% Dec 22 63.60 No. par 94% 109% Mar 22 $4.80 Nopar *107% Inc common—16 11% 12' Jun g 27% Mav 139/« Jwi 14 20% Oct 27 Jan 40% 30% Dec 31 36% Dec 12 Northwestern Deo 7% May 14% Jun 1% May 21 4% Jan 11 tNorwalk 14 Va Oct 7 .10% Mar Apr 10% Oct 25 Northwest Airlines ... 11% Mar 2 27% Jan 3 33 99 % Jan 3 110 4.6% preferred Norwich 26 19% & Rubber 30% 31% *2% Pharmacol \ 14 IN Co 11 11 Va 94% 94 94% 107% *107'% 11% 11% 1 *301/2 11'% 94 94 170 100 *107'% 108 *107% 12% 12'% 13 12% 12% 26,000 19% 19% 21 20% 20% 211/4 12,000 31 23% 27% 24 26 28'A 3% 3 V. 3 . 19% 19% 60 Nopar - Telegraph Tire 11 94% 11% 11% 10% 94% 107% 108 lO'/a 94% i -941/2 preferred preferred 3 "*2% 3% 14 14% 14'/. 14 108 14 ■21% 27 Va 3'A 2% 14% 14'A 14% 108 3 5,070 1,400 14'% 2,300 32 Va 34,800 0 May 18 63% Jan 103 Jun 36% Feb 43 Jun 23% May 31 33% Jan 7 18% Apr 18% Jan '7% J«n n 19% Dec 13 28 Feb 36% July 20 Jun 14 31% Jan liar *109% July 13% Apr 91 Nov 29 99 Jan 7 6% Feb 11 10% Dec 23 33% 63 . Dec 0% Dec 7 Ohio Edison 4.40% Ohio jlwo 26'A 25% 26'/. 251/4 26% 26% 26% 25% 26%- 93% 94 94'A 94 94'A 94% 95 94% 95'A 10'A 10% 10'A 10% 10% 10% 10% 11'A 10,500 95 95 95% 96 96'% 97 21 *20% 21 -*20% 14 22% Jan 7 37 Jan 87% Jun 40 % Dec 23 10% Not 33 Jan 11 Ve Jun 1 16% Dec 24 preferred Outboard Marine <fc Mfg 80 Deo 89 Feb 7 79 Jan 28 Outlet Dec 73% 64% July 49% Jan 3 64% Dec 31 Owans-minols 47% For footnotes Jan see page 18 ; 21 96% Dec convertible pfd. preferred Oppenhelm Collins Otis Elevator ' 480 10% 18% Aug 22 27 - 16,200 10% 79% Juiy 13 Dec *19% 380 28% 93% Jan 108 *19'% 109% Nopar preferred 10o (The) common 6 Jun 1 19% 28 19% 33 13 *19% 28% 19% 19% 100 Jun 32 109'A 109'A 28 Va 19 Va Dec Nov 32% 109'A 28% *19% Jan 28 32 109'A 2 Y'% 20 Elec 4% 60 105 32 109'A ' 27'A 26 common Corp 32 32 109'% 27% 30 8% *109 , 27% convertible Omnibus 32 22% 109 % . Nopar Gas & Corp 22 *109 28 Co Oklahoma 4%% 8 common preferred Oil Oliver Co A 95 .106 If *20% Nona* common $4 40% 62.50 *107% 2JK> < 14% No par Co Glass Co *74 12 •* 64 95 '21V. 95 *20'% 95 21'/. *20% 39% 20 40% 300 7,100 ' ; 590 40 39'% *1071% 109 109 *107'% 108 Va 230 14% *14'A 15 15 15 15 Va 15% 15% 15% 1,000 75 *74 75 74% 74% 75 76 77 77 100 64'A 64% 64% 65'% 65 66 6,600 40 »A 109 64% 39% 63% 40% 64 x39 *107% V* • 40% 109 108 9,000 ; Volume 171 Number 4871 THE COMMERCIAL NEW Range for Previous t per share R.\ngc for Year 1919 Highest Highest 11 Mi Feb 18% May 8% Deo I per share 18, Sep 34% Feb May Apr 43% May 73 NEW YORK Lowest t per share 60 Mi 11% Mar 2t 7V4 Nov 51 18 Sep 1 14 Jan 7 Pacific Amer 18 Pacific Coast Apr 4 Jan 17 29 Aug 16 40 Jun 18 Feb 24 21% Nov 25 36% Jan 30% Jan 3 34 Sep 13 47 Mi Mar Jun 6 54 Jan 6 27% Jun 14 89 Feb 7 104 % Dec 135 Jan 0 148 Dec 88 Dec 104% Jun Nov 147 3% Deo 89% Nov 4 Dec Mar 6% 50 Apr 2% Jun 1 62% May 29 y4 Jun 13 5% May 3% Jun 13 34% July 20 Dec 8 23 4% Jan o Oct 13 4% Jan A 44 1st Pacific Jan 3 10% Apr 8 I non-cum No par *31 Va Pan Car 21% 33% CLOSED 52% 92 Oct 21% 100 Jun May 6% Feb 11% 18% Deo 28 May 97 Jan 108 Jun 18% Feb 52% 30'A 147 Va 1 27/a O H 37/a 10 Amer World 9% Inc__l 9 Va *20% 20% 37% 95% Jun 23 104% Dec 27 8% Apr 16 7 3 2 Feb Mar 23% Deo 24 ya Nov ■T May 3% May 33% Jan 30% 6% Mar 10 9 10% Feb Jun 37 17 22% Dec 4 47% Oct 17 Aug 1% Jun 9 2% Feb 28 24% Jan 3 38% Dec 8 2 29 23% Mar May *6 Jun 9 Jun 37 Jan 38 Mi Feb 8% Deo 18% 15% Feb 31% Nov 27 Deo 34% May 109% Oct 18% Deo 49% Jun 112 7 II Jan 13% Nov 17 17% Jan 7 48 Apr 32 13 45% Nov 16 Apr 104 Mar 28 113% Nov 4 48% Jan 29 37% Dec 3 99 Oct Feb 9% Nov 7% Nov 22 Deo 98% Oct 20% May 24% Jan 30% Jan 3 96% Feb 9 ft 16 Pflxer 21 Oct 22 Dec 31 24% Nov 17 Sep 110% Apr 6 117 8 26 % May 16 Sep 22 Jan 103% Jun 98 Jan 7 111 Jun 105 Apr g 110 Va Electric Range Highest f per share July 79% Nov 4 88% Feb 8 Dec 37% Jan 4 55 % Dec 15 87 Jan 97 % Jun 93% Jan 3 105 Dec 30 11 Deo 13% Sep 10% Feb 10 14 Dec 31 92% Aug 77% Jun 87% Aug 18 95 Va Dec 28 61% Jun 14 64 19 14% May 7% Sep g Jan Deo 80 Deo 34% Jan Apr 103% Jan Jun 98% 110 118 Sep 94 Jun 11 Jan July S0% July 23% Jun 79 Jun 10% Deo 18% 80% Deo 93 20 Mar 12% Feb 138 Dec 158 Apr 157 Feb 169 July 30 Deo 7% Nov 10% 73% 70% 26% Deo 9% May 33 Jan 4 100% Jun 22 3 108% 22 Va • 17 107 Va 21% 22 Va 45 16% *106-% 112 36% *35 *35 * 8% * ; 110% 35 % 35 ya *35 134% 13 1 17% 45 112% 36% 135 13% 17% *43% *111 35 Ve 12% 9% 9% 88,200 36% 37% 1,700 *106% 108 *106 108 •106'A 103 107 107 11% 11% 12 12 Va 12'/a 12 36% 36 Va 37% 37% 37% 38% 39 1 *55% 56 55 56 V» 55% 56 56 50% 55 % 56 2,100 25 48% 49 48 48 '/a 57 48% 49 49 Va 50 49% 50 14,600 56% 57 Va 56 58% 56% 56% 50 No par No par com 56% 105 56% 56% 106 24% *105% *25 *115% preferred 25 % 115% 116 ! '• • ■ ' v?' :1 1 *25 290 24% 24% 25 9,800 24% 25 'A 24% 24% 115'/a XI14% *115% *103% 1047A *104% 104% *102% 107% 107 Va ♦107% 108'/a *106% 108% AND HIGH 116 115 'A Wednesday . t per share Thursday Jan. 5 Jan. 4 $ per share t per share f per share 14% 14 14% 13% 14 13% 14 13% 14 13,100 32% 32% 32% 32% 32% 32% 32% 33 % 33 34% 12,700 100 *84 Va 8 5'A *84 Va 85% 84% 84% ♦84'/a 85% *84 85% 10 5 52 Va 52% 53 52% 52% 52% 52"/a 52% 53% 5,600 *104'A 105% 100 *104 105 No par 14 14 100 *93 STOCK EXCHANGE CLOSED 59% 59% I *9% 9% 28 32V4 $4 preferred No par Pitts C C ft St Louis RR 100 Pitts Coke ft Chem Co com—No *103% common par 32% 105 ' *103 105 14 14 *103% * 105 „ 104 104 NEW . YEAR'S DAY 13 Va 14% *13% 14'A *13 Va 14 *94% 96 No par 52% 96 94% 94% *94% 96 *94'/a 90 59% 60 60 V* 61 % 60% 61% *9% 9% *9% 9% *9'A 9% 19,800 Va 9% 100 1,400 9 32 Va 32 Ve 32% 32% 32% 33% 32% 32% 104'A 104'A *103% 104% 104% 104% 104% 104'A 99 *90% *90 98 14 14 13% 89 *86% *.92 99 14 Ve *92 14% 99 14% *92 14% 14% 14 Va 28 16% loo *145% 150 *145% 100 *164 % 167 165% lo 37% 37% No par 7 Ve 7% 7% Jun 14 Apr 7 64% Nov 29 55 15% Jan 175 88 7 com gtd preferred May 18 7% Jan No par 5% 24 Nov 29 71% Jan 27 14% Jun 13 25% Dec 14 preferred class B *86% 9'A 100 *135 preferred class A _100 8%% 1st ser conv prior pfd„ 100 Pittsburgh ft West Virginia 100 71 9% 160 v/ 71% 89 150 165 Va 37 37 7% 9% 7% 9% *86% *145% 164 9% 71% 71% 71 71 % *135 61% 61% *61% 62% 320 24% 24% 24% *23% 23% 200 22 % 22% *10% 11 % *10% 40% 44% 41 Pond Creek Pocahontas 1 28% May 14% Jun 14 22 94 7 90% Mar 17 Feb 2 32% Jan Apr 39% July 79% Dec Jan 3 47% Dec 20 Deo 24% 20% Jan 3 25% Dec 30 38 25% Jun 29 conv Publicker Industries Inc •4.75 cum preferred 13 29% Dec 12 105% Dec 29 4.08% 37 Apr 30 33% Oct 27 Pullman (The) 53 Jan 30% Feb 25 Feb 42 May 24% Jun 14 101% Feb x25 Feb 107 Jan 6 25% Jun 17 109 138 22% 22'A 22% 10% 10% *10% 11% 500 42% 42% 42% 42% 5,100 41 40 40 Va 40 40 40 40% *39% 40% 600 12% 12% 12% 12% 12% 13% 13% 13% 13% 5,700 15 Va 15 Va 15Va 15% 15 15% 15% 15% 15'/a 15% 6,000 7% 10,000 7% 7% 30% 85 84% 84% 5 16% 16% 16 Va 16% 16% 17 Va preferred 100 Parity Bakeries Corp No par 15% Jun 18 20% Jan 14 Qnaksr State Oil Refining Corp_l» 9% Jun 28 14% Jan 7 Radio Corp of America com—No par 83.50 1st preferred No par 1,700 12% 84 100 138 22% *2.9% No par No par ♦135% 11% 7% , 138 42 85 Va common *135% 22% 30% com preferred conv *135% 7Va July 11 30% Dec 30 •% 22 138 85 Va Ino Pure Oil Nov *25% 22% *135% *29 % No par Public Service Co of Colorado 20 Pub Serv El ft Gas oom No par $1.40 dlv preference com No n»r Xl03% Nov 22 *40 Va 138 —No par preferred series A—50 240 61% 24% 11 4%% 6,500 61 41% Procter ft Gamble ' 24% 10% 21 71% 62'A 41 28 10% 160 71% *23% 22 % 24 10% ♦141 *61 Va 8 Oct 160 62% l 8% Jan •135 24% 8 32 160 *23 % Plough inc Plymouth Oil Co. 86 Va Dec "go 62 % 12% Nov 14 13 10 % 71 50% Apr Mar 22 9% 160 71 U 4% Jun 9% *135 24 21 3,100 166 6,800 8% Feb 57% Feb 26 *163% 5,700 36% Feb Nov 163 2,200 16% 7% 70% May 2 2 '/a •163% 28% 150 37% *135% Poor ft Co class B No par Potomao Electric Power Co 10 Pressed Steel Car Co Inc com 1 164 v 7% 100 3 *147 36% Pittsburgh Young ft Ash pfd 15% Nov 150 7% Pitts ton Co (The) 44% Sep 13 13% Oct 27 *145% 37% 1 Nov 150 7% 4 5% 90 Va 37% Feb 3 *88 7% Apr Mar 89 4,300 37% 29 8% Jun 14 *86% 14% 7 Va 147 32 B9 80 96 37% 9 18 20 61% 16% preferred—No par 200 60% 28% 135 Shares 13% 100 * Pittsburgh Plate Glass Co Pittsburgh Screw ft Bolt Pittsburgh Steel Co com for 1 Phoenix Hosiery 7» Sales the Week 3 16% 26 40 Friday 28 22 90 Z Jan. 6 16% Jan 114% SALE PRICES Jan. 3 28% Nov 400 104% 108 16 170 1,300 106 24% 104% Tuesday 1 per share 106 9,600 24% 116 Jan. 2 f per share 106 3,300 25 Va 24% *103% Monday Dec. 31 105 106 Va *107 Vs * .'•'■'0 • Saturday Phillips Jones Corp com •» preferred Phillips Petroleum 106 24% 25% *25 24 LOW STOCK 108 24% 28 155 50 11% 16% 26 500 9 Va 35% 28 % 28 300 5,100 12% 9V« 9 15% Jan 35% 134 134 28% 142 120 ' 15% 156% Jun 300 11% Reading COal ft Iron Corp common convertible * 36 preferred series A Philip Morris ft Co Ltd common $A 44'A 1121/2 35 Va 14 11% May 57,200 112% 35 8% 135% Dec Sep 17% 17% 44% 110 Va 100 35 8% xl9% Jun July 8,100 35 35 July 46% July 12% July 31 300 22% 28% 7 108% 107 Va 21% 15% 27 30% May 107 22% 28% 8% Jan Jun 108'A 21% 1 37% Dec 35% May 71% Jan ♦107 1 17 13 Jun 108 12 ft Plllsbury Mills Inc 3,500 34 % 36% 3%% 4% 8% 700 26 % ♦32 45 *44 36 25% 35% 17% 17 45 112 v 2 6'A 9 *33 22 Va 22 17 V8 45 110% 25% 26 9 1,100 35 *33 107 VB 22% 17% *44 110% 25% 35 9 Pittsburgh Forglngs Co Pitts Ft Wayne ft Cbic Ry 12% Apr 21 Dee *107 25 Va *33 8% Pitts Consolidation Coal Co 14% July 11% May 17% 35 8% 7 10% May 32% 25% 35 8% 7 46 Deo 8 Va 25 y4 Jan Jan 25 8% ' Dec Deo Mar 8% 16% Jan Feb 81 8% 25% 88 12% Feb 5,200 32 7 11% 18 56% % 15 13 161 55 6% 107/a Jun 6% Jun 82% May 26% Oct 56 % 6% 24% Jun 13 29% 62% Feb 14 % Mar 14 28% Jun Oct Feb 105% Apr Jun Dec Jan 32% Aug 26 5 Jan 96 15 13 27 Jun 170 145 Dec 10 Feb Deo Jun Mar 30 39% Jan 140 26 100% Jan 11 Apr 20 Feb 55% Par 91 Jan 56 i €% 16 35% $ per share Phlla 10 56 EXCHANGE Fhlloo 87% 56% 104% 7 64% 55% 108 7 39% 56% *103% 19% Jan Sep 25% Mar 1,300 56 V4 *107 Va 40% Jan 3,500 16% 35% 100 11% Jun 28 6 % 16 35 100 22% Jun 3,600 16 10o 48% July 1,400 10 Va 36 preferred. 21% 30O 8'A 9% 6% preferred. Jan 28% *8 Va 36 preferred Jan 28% 8 Va 10 *15% 4.3% 14 28% 11% common NEW YORK 4,800 15,300 6% 3.8% 28 28 6 300 2% 36% ■ Inc gl conv preference Highest I per share •28% 2% 16% 4.4% for Year 1919 Lowest 46 35 36 (JTOrVH Year 1948 46 2% 37% 16 1 Sep 46% 2% 37 11,100 36 No par Co 19% No par Co $6 preferred Range for Previous Nov 5% 16 104% Dec Sep Petroleum Corp of America Phlla 19% 36 lo Phelps-Dodge Corp Philadelphia Co 6% preferred Jun 5% 108 57% Dec 81 5% 15% *36 *106% 53% Jan • per share 28% -100 preferred 7 Lowest 28% 35 36% Jun 91 28% 8% 3 103% *28'A 34% 16 115% 28% 33 %c 13% Nov Jan *28% No par common 37% Dec 104 37 Va 13 6 106 •44% x36% 10 19% 36 8 3 3 19 2% 2 37% 2,500 15,600 _ 15% 100 14 20% Jan 23% Jun 2 Va 36% 21 102 15% 50 com Jan 90% Mar 24 44-% " 2 37% No par 9% Jun 25% 2 2 9,200 36% 100 (Chas) ft Co 20% *100 40 0% 6% 7 Co Light Co Brewing 20% 101 105 1C4 10 Corp 40% Jun 104% May 24% Jun 20% 101 37% 8 17% Jun Deo *44 28 10% May 04% July Nov 20'A 103 9% Deo 22 20% *101 6% 8 Va Feb 20% 20 Va 103 9% Feb 58 20% *102 8 9% X48% Mar 30 20% 103 6Va 7% 44% July 6Va 6 9% 14% May 6 5% 134 Pet Milk Co 69 104'A 7% Pepsi-Cola Co 86 •104 12% 15 Deo 104% 104 Va 132% 11 Feb 7,400 •104 *104 12% 31 Deo 300 37% 132 Va Dec 93 20'A 36% 131% Dec 40% 0% *19'/a 30'A *11 Va Apr "48% 48,800 9% 21'A 36 12% xrfelffer 9% 9% •20'A 133% 35 17 128,200 9% *11% 4%% 4% 20 % 133% 108 5 4 1,800 35% 9 1O0 5 Mar 11 40 20% 100 29 Dec Jan 70 4,200 35% Peoria ft Eastern By Co Dec 13 12 21 9 Vb Peoples Drug Stores Inc Peoples das Light ft Coke 137 102 570 3% 20% 9% preferred Pennsylvania RR Pennsylvania Salt Mfg Co 3%% conv series A pfd Nov 29 Jan 3,500 148 37 7% preferred Penn Power ft 8% 9% common Coke 7% May 31 x8 May 104 Jun 4'/a *147 36 6>/a 20'A *102 Penn disss Sand Corp com—No par 120 7,800 104% 20 Va j 7% 31 Dec 4 4 9% 35 B% 3% 7% 6 1 4 9'A Penn-Dixie Cement 5 39% 45 3 Mar 39% 45 29 22% Dec 39% *42% 10% Feb 111 38% 28% 39 Va 45'/a 26 Va Dec 16 1,000 12,800 • 30% 3% 20% 8 Feb 86% 5% No par Jun 3% 19% Penney (J C) CO 16% Jun 29 3'A 20 Vs 16 106 3% 3 19% 57 Dec 3 8 Enterprises prior Coal 148% 20 Va 42% Jan Dec Deo ft Peabody Coal Co Penn 147% 20 No par 7% Jun 14 148 103% 21% Penlck ft Ford 17% Feb 23% Jun *147% 21% 4 Dec 30% 148 21% 10 3 54% 21% 10 conv 54 30% 104 No par Transportation Mines 5% 54% 30% 103'A 22 Jan 8 54'/« 30% 102 217A Park ft Til ford inc 1 Park Utah Consolidated Mines 1 Parke Davis ft Co No par Parker Rust Proof Co 2.50 Patlno 55 30% 101% i issued Parmelee 53% 30 Va 101 1 37% Dec 16% 28 100 Corp 19% Jan Dec 38% 103 When 33% 53 Va 40 21% 33% 38% 104% *104 No par com preferred- Pictures 22 Jan 20% July 22% May 16 7% Jan 14% Jan 5% Aug 31 Deo Dec 15 Nov 21 convertible ft 27% Jan 31 15 27 17 4* Airways Patrol Paraffine Cos Inc Paramount 32'A 21% 33% 30 Va / 19 *31 21% 33'A 101 \ 37'A 24% Feb 32% 21% 33% 95" to Transp—_« 20% Dec 240 21% to 3% Panhandle East Pipe L com—No par 4% preferred 100 Panhandle Prod A Refining 1 104 Va Jan 600 8% 53 21% 4 Pan-American 6 12% *7% Corp.— 16 14 Shares name 20 17% Oct 84% YEAR'S ! Oct 14 *12% ♦50 2% 38% Dec Dec 8% 53 33 Va 0B 3 22 18% Jun 32 33 13% 8'A •50'A *147% 10 15% Jun 13 Ve 7% 33 Va to 147%' 29 101 *31 Va 33 13% 53 for the Week 33 DAY 101 Jun 13 *50% Sales I per share 52% NEW 30% *100% Dec 5% Jun 7% 7'/a 53 Friday Jan. 6 I per share ' 12 Jun 28% May *31% EXCHANGE 33 VB 36 13 % Mar *50 VA STOCK 33 *21 Vn No par Airways 3 ■" *12% 13 V« 7% ' 10 Pacific Tin Consolidated Corp Pacific Western OH Corp Jan. 12% ; 7% Thursday Jan. 5 t per share $ per share 53 21 No pax Motor Jan. 4 No par Lighting Corp American Wednesday Jan. 8 I per share 13 7% *50% Pacific Telep St Teles common—100 6* preferred 100 Packard *12% 19 No par common Pacific Mills changed 8 Inc non-cum 2nd preferred Effective 11% May Co Tuesday Jan. 2 I per share 15 TRICES SALE HIGH AND Monday Dec. 81 Pacific Finance Corp of Calif Pacific Gas & Electric Pan 8% Nov Fisheries preferred (115) RECORD Saturday Par 10% Jan 71 21% 29% CHRONICLE LOW STOCK I per share 15 Mi Mar 130 STOCK EXCHANGE 29% Nov 55% July 44% July YORK FINANCIAL STOCKS Year 1948 Lowest & 81 81 7% *29 7% 7% 30% •29 % 7% 7% 30% 30 30 84 84% 83% 34 16% 17% 16% 17% 30 Va 100 5,300 21,400 '220 80 % 80 82 80% *46% 47% 47'% 47 47 Va 47 47 Va 47 Ve 47% 1,100 25% 25% 25% 25% 25% 26 25% 26 25% 25% 10,200 29 29% 29 Va 29% 29 y« 29% 29% 23% 23% 29% 5,600 *105 Vs 80% *47 80 *80'A 105% 105 Vo 105% 105% 105% *104'/s 105 *104% 33% 33% 33% 33% 33% 34% 34% 35 34% 34% 10,400 29 29% 28 29 28% 29% 29% 29% 2 J'A 29'A 19,400 108 % 103 % *107 % 108 107% 107% *107% 108'A *30 30% 30 30 30% 30% *183A 19% 19 19 13% 19 31 *18% 103 105 109 60 300 31 % 31Va 31 Va 1,400 19% *18% 19% 300 R 77/a Feb IB 63% Feb 14 74% Jan 22 Oct 76% May 11% May 66% Jun 6% x7 Jun 15 9% Apr 4 08% 92% Jan 4 101% Dec 29 89 Nov 25% Deo 22% Feb Jun Jun 847/i x3fl Jun 23% Jun 14 29% Dec 6 July 21% Jun 14 30% Feb 4 3 Radio-Kelth-Orpheum Corp Ralston Purina Co 3%% Rsybestos-Manhattan Rayonler Inc common 31 Jan 17 34% Feb Feb 30 May 27% July 26% Jun 16% 17% Jun 14 23% Jan 7 36% Feb 40 34% Nov 18 43 Jan 3 4% non-cum 31 Feb 89 28 % Jun 36 Jan 7 4* non-cum For footnotes Apr Jun see page 4. 18 29 pfd 83 preferred Beading Co 1st preferred 2nd preferred 12% 12 V4 12% 12% 12% 12% 13 12% 13% 74 73% 73% 73% 74 75 75 74'A 74>a 900 8% 8% 6% 8% 8% 17,000 8'A 8% 100 *101 % 102% *101% 102% *101% No par 27 Va 27 Va 27% 27 % 27 y2 27% 27% 27 27 26% 26 % 26% 27 27 Vn 30% 30 y4 *30 V* 30% *30 V* 20% 21% 21 Vs 21% 21% l 26 common 12% *73'A 1 60 *30% 21 30% 21 8% 102 8% 102 8% 102 *102 102'A 82,300 50 27% 27% 27% 1,000 27% 26% 21 Va 2,600 30% 21% 30% 30% 500 21% 21% 1,800 37% 200 32% 100 50 *35 Va 37 *36 37 37 37% •37 37% *31 50 *30 31% *30 32% 32% 32% *31% 32 *31 16 Year 1948 < per share $ per $ per share Deo 15% May II % Deo 18 share 3 15 Va Nov May 10 V* Jan 21 11 Va Jan 14 $ per YOftK NEW Range for Year 1919 Highest Saturday Dec. 31 share Par Silk Real 23% Jan 25 28 Reeves *li'A par 10 Reed Roller Bit Co 16% Oct Hosiery Mills *6% com No Inc Bros Sper share 5 50o 16 13% Apr Monday, January 9, 1950 RECORD LOW STOCK EXCHANGE Lowest Highest 10 CHRONICLE STOCKS Range for Previous Lowest STOCK YORK NEW FINANCIAL & COMMERCIAL THE (116) Monday HIGH AND SALE PRICES $ per share $ per share $ per $ per share $ per share *11% Sales for the Week Jan. (> Jan. 5 Jan. 4 Jan. 3 Friday Thursday Wednesday Tuesday Jan. 2 Shares share *11% 11% 11% 12 *11% 11% 18 18 17% 17 Vz 17% 17% 17 % 17 Va 800 15'A 15% 15'A 15',4 15% 15 Va 15% 15% 1,200 *11 'A *17 Va 11% 17'A 15 Va 15'A Rels Deo 8 Dec 8% Dec 25% May 13% May 4V» Jun 29 14% Jan 17% 62 Dec 8% 66 Dec 18% Jan 78% Deo 09 10% Dec Aug 5% NOV Feb 83% Oct 103 Jan 15 Deo 82% Feb 4% Deo 22% 5% 1 12% Jan 8 Reo 8% Jan 7 Republic Aviation Corp 3 4% Dec 31 5% Jan « 15 17 91 4 Va 104% Jan 11% May 41% Jan 1 Aug 2 18% Jun 28 98 22- May Dec Aug Sep 4% Jun 14 60 Dec 7 10 .-Jan 31 16 Va Jan 12 110 100 Dec 6 Va Dec 23 Jan 2 Rexali Drug Reynolds Metals Co 103% Feb 3 Dec 10 5%% 13 19 83% Dec 34% Jan 3 43 Dec 50 Jan 42 Vz Mar 7 50 Sep 80 Oct 94 Jun 85V4Jan 3 98 Aug 18 Dec 103% Dec 102% Jan 4 108 'A Nov 23 Dec 24% May 13 y* Jun 13. 21 Va Dec 17 103% 17 24% Jan 3 Feb 7'A Jun 13 12% Dec 31 31 July 29% July Feb 21 Jun 36 19% 28 Manufacturing Co Dec 30 68 Va Dec 29 Dec Oil Corp 6 4%% 17 Mar Dec 'May ley* Jan 13 19% Nov 25 Ronson Jun 13 21 y2 Dec 31 72 61 Va Nov 22 Ruberoid Co (The) 16 8Y« Deo 4% Art 23% 105 V* 1051/4 *103% 14% 14% 100% *99 Va 21 Va 99 Va 38Va 5% 21% 9 Va 1,600 39% 39% 14,300 48 '94% 107 107 20'A 48 94% 94i/2 106% - 107 20% 20% 20% 270 30 49 Va *47 Va 95 300 107 470 94 Va 107 1,000 20% 20% 14,100 40'A 41 17Va 17 % 4 Va 4% 4% 7,200 12% 121/a 12% 12% 14,900 32% 6,900 2,200 31% 31 64'A 66 % 101% 9V2 39 Va 41/2 12'A 31% 101% 9% 171/2 12% *104 106 101% 9!/a 6 40'A 39 Va 4Va 66 Va a 20'/a *17 4 % *31 100% 49 Va *93% *104 100 9,800 39% *48 95 17 44,300 38% 47 Va 107 V2 23 Va 39 387 10 6'A 22% 9% 47 Va 7,700 a 6% 93 *9V4 38% 300 13% 100 7 23% 6 'A 6 Va 23 101 *100 9% 24,700 104 16% *991/4 *93% 40 103 Va 16% 100% 6 20 lA * J6 ♦100 49 107 104% 15% 100 Va 21% 9% 1C4V4 105 24 Va 24% 24% 1,900 10 9% 10 9% 24% 15'A 100 100 9% 10 24 Va 100 Va 15 1007a 5% 12% 1 20 common preferred series A 97 a 23% 21% 39 % 17 25 Royal Typewriter 39% Apr 25 8% Sep 28 27% May 64 com 10 23 Va ,4% preierred conv Rohm & Haas Co 15 21 9% 10 .*106%' 107% *20'A 20% No par Jun 105 15,200 *93%* 95 No par Antelope Copper Mines Robertshaw-Fulton Controls 10 V* Jun ——— 14.200 4% 6% Roan 96% Apr mkmm 6% 4% 9 Vz 1 Richfield 21 6 % 4% 99 _10S Rittet Comnan^ 6% 12 series 5 21 23 6% 4% 38% 4.50% 12 15 yi Jun x3% Jun 6 Va 4% *47 Va Preferred 22 Jun 7% May 6 Va 4% 20% 100 Jan Jun 28 Sep 6 10 series Rheem 6 10 3.60% 8,900 11% 11% 12% 200 4'/a 6 _a. 14,800 86 6 100 Preferred 11% 170 12% 12 Va 4% *9% 1 Common 12 58 Va 6 Va 14% *99V2 100 5% Jan 49 Deo 4% 15% 100 No par com 11% 12 1,600 *81 86 *81% IOC 8% 58 Va 12% 12% 86 500 7% 25% 8% 58 58 12% 7 *24 8% 4% 23% 247A *104 . 106 '/a par convertible preferred 42 Va Dec Jan 17% - par Reynolds Spring Co Reynolds (R J) Tob class B 15 39% Oct Inc 11% *8% 581/4 12 Va *81 86 7 *94 81/2 58 Va '/ 12% 12 *80 12 2.50 30 26 60 8% 25 *6% 7 24% *23 4% 10 Republic Steel Corp com No 6% conv prior pfd series A Revere Copper A; Brass com—No 5Va% preferred 8% 6 50c - 24% *58'A YEAR'S NEW *6'A 7 V2 8% DAY 82 11% l Republic Pictures common $1 convertible preferred 17 27% Jan 12 'A a 88 l *6% *23 CLOSED 58% 12! 25 STOCK EXCHANGE 8% 58% _50c . 7!A 24 8'A 100 . Inc Motors 24 5 Conv pfd 2Va% series Remington-Rand common $4.50 preferred 13 Mar 92 25 31 Nov 10% Jun Apr No par Nov 91 % Jun 8 Corp 12'A Dec 21% May 29% Stores 90 111 Va July 19% Nov Reliance Mfg Co common 3 13 Oct Reliable 24 ' 17 Jun 102 21 26 Jun 2 Vt Jan 6% May 11% May 2 Va Dec 27 Dec 9% Jan 6% May 31 4% Jun 0 13% May Feb 8% Jan 27 Aug 73 29% Jan 6% 14' 8 Va Apr 50 15 Va May Aug 4 6% Jun (Robt) & Co— $1.25 div prior preference *31 Va 63 Va 65 106 40% 32% 65 Va 65 *104 106 *104 200 *16% 1 21'A 21V2 21 20'A 20% 20% 1,700 4,900 No par 57 57V4 57'A 57% 58 57% 1,100 5 57 10% 107a 10% 10% 10% 107a *10V2 1,100 5 10o *112'A Metal Wks Inc 12% Mar 12 Ruppert 16% 1 Safeway Stores common 5% preferred (Jacob) 16Va 17 17% 17 17 16 Va x20 S 18 Va 107% Sep 89% Feb 113 Feb 67 Jan 58 Jan 8 , 79 33 Va Dec Jun 109% Apr 27 113% Feb 35% May 11 48% Jan 3 12 Va Jan 25 7% 13 161 31 Jun 13 43% Dec 13 131 Va Dec 9 100% Nov 1 9% Jan July 8 87 May series A 5% 5% St Regis Paper Co 4.40% Aug 9% Jun 14 13% Dec 2 22% Jun 14 31% Dec 31 51 May Dec 31 Scott 95 Jan 46% Jan Jun 90 70 88 17 98 Nov 3 xi03% July 13 108 Oct 11 Dec 15% Jun 79 Oct 87 29 94% Jun 12 Jun 30 78 12% Jan 3 83 Jan 5 13 % Apr Jun 28 18% Feb 26% July 44 Feb $2% Jun 47 V2 Jun Feb 20 Va 10 91% Mar 4.30% 20 91 Sep 1$ 30' Seaboard Air Lihe Elec 3.35% 5% Co preferred 19 % Sep 56 Dec 23 Seaboard Oil 11% Dec 27 81% Feb 9% Dec 43 Vi Nov 33% Jun 13 44V4 Dec 31 12% July B% May 9V2 JUn 14 16% Dec 23 Seeger 4% Jun 14 6Va Jan Jun Seaboard 7 3 11% DeC 23 13 101 Va Feb 5 6% Jun J t per share $ per share 24% Jun 13 21% Aug 4 3IV2 May 37% Jan 17% Feb 22% Jan 4 38% Dec 8 68, Feb 27% Jun 79 Dec 76% Nov 10 83 9 Dec 15% Jan 8 Va Jun 13 10% Oct 24 12 Mar 3% Dec Oct 11% Apr Shamrock 7 Sharon & Oil May 18 15% Dec 23 Sheaffer (W 2 Shell 7% Jan 5 Jan 3 Oct 7 Sheraton 2'A Jun 6 4% Jan 12 May 31 27 Va Nov 29 Oct 18 36 3A Jan 7 18% Jun 14 24 Va Sep 13 127% Jan 7% May Feb 32% Jun 92% Feb 160 13% 22 May 28 Jan Jun *60'/a 84% *34 105 10 13% 14 3,300 *101 13% 86 86'% 86% 85 Va 86% 10 21'A 22 21'A 21% 15.300 60% 61 61 61 3,200 2,100 13% 13% *85% 86% ,*85% 21% 21% 21% 60 60 60% 60 400 96 107 13% 13% 86% 62 105 69 Va *95 *106% 14 13% 20 84% 105 107 *105 96 *84 84% 69% 107 Va 19'A 19% 19 Va 19% 19% 19% 50% 51% 51 VA .51% 50% 51'A 10% 10 "2 10% 10% 10% 10% 900 44 Vs 44 v. 43% 44% 43'/a 43% 43 Va 43% 43 % 43% 15.300 5 15% 15% 15 15 15% 15% 16% 15% 15% 15% 4,000 Co 19 19 l 5% 10% 10% *93 A) 10% *93 95 1 5% 11 Va *93 HIGH SALE Jan. 4 27 2-3 Va 267 38 39 38% 39% 6,000 *77% 78 77% 77% 78 73 78 Va 79 1,700 9% 10 9% 9 'a 10 10 Va *15 *77% 78 Va Nopal 9% 9% 6% STOCK EXCHANGE | 27% 10 10 5,800 2,300 NEW YEAR'S 15% 15% 15% 15% 15% 15% 200 37 Va CLOSED 37% 37% 37% 37 Va 37% 37 Va 37% 7,700 6% 6% 5% 6% 6% 2,600 3% 7,4.00 6% 6% 6% Silver King Coalition Mines Simmons Co 5 2% 2% 3 3 No par 26% 27% 26% 27 27 27 Va 27 Va Simonds Saw & Steel No par 30 Va 30% 30% 30% 30% 30% *30% Sinclair Oil Corp No par 23 23 Va 22% 23 % 227 a 23% 23% 3 a *15% 37% 6% 5,900 27% 26 Va 38 Va No par 1 27 3 « 28'A 26% 37% Corp of America Shares 28'A 38% 16 for the Week share 38 38% 37 Va S per 38% 26 *15 Va Sales Friday Jan. 6 Jan. 5 $ per share S per share 28 26 1 . 26% 27% 26 % 15 1,200 12,000 95 27% 27% Co 5% 11% Thursday Wednesday Jan. 3 26 *27% 5% HVa -93 PRICES Tuesday $ per share 11% 95 . Jan. 2 I per share 5% 5% 11 Va ♦93 95 Monday Dec. 31 f per share 5% 10% 95 LOW AND 8atnrday ' Gas Pen 5'A 10% 5% 5% 1 : 5,700 DAY 2 3 3% 3% 27% 27 Va 27% 31 39'A 30% 700 23% 23% 23% 33,800 103% 104 3,700 Jun 14 7 Skelly Oil Co 15 102% 103% 18 Feb 25% Oct 16% Jun 20 22 V2 Dec 8 *20% 20% 20% 21 21 21 21 21 21% 21% 1.100 Dec 85% Jun 19 Jun 14 33 Va Dec 23 Sloss-Sheffield Steel & Iron Smith (A O) Corp 20 23 10 33 33 32% 32% 32% 33 327/a 33% 32% 33'a 3,200 27% Dec 21 Va Nov 1 31% Jan 24 Smith (A) & Sons Carpet Co com__20 24 24' 23% 23% 23% 241/4 24'A 24% 23% 24 1,500 80 Dec 91 Sep 39% Jun 90 Apr 98' July 95 % Jan 3 15% Dec 26 Jun 10% Jun 7 17% Jan 8 14% Feb 23 Jun 14VaJun 14 17 Va Oct 27 96 Nov 7 107% Dec 30 3% Nov 97 Oil 107 21'A 21 *84 84% *105 107 *85 Va • *84 84% *95 "106% io% Corp 7 69% 69% 19% No par No par 40% Dec 15 1,700 *68% 52% No par & 8 44 69% 70 70 70 19% Corp Sharp & DOhme common-. 13 36 72,600 No par Co Steel Jun Dec 6,000 33% 51% $3.50 conv pref series A Sha'ttuck (Frank G) , 30 Dec 13% 31% York stock 46% Jun 25 13% 32% *10% Par 5 46% Oct 34 13% 31% 53 $ per shhre Sper share 36% Jun Dec 13% 32% 10% EXCHANGE Feb 4% 13% 10% common new 30 14 13 Va 31 52% 1 preferred Highest 10 13% 31% No par Co of Del Refrigerator Servel Inc $4.50 100 A 10 88 *86 13 STOCKS Lowest Highest 24% NOV 28% Feb series 88 31,300 30% *105 100 No par vtc com Seiberling Rubber Co_ Range for Year 1919 Year 1948 *86% 8% 8% 13' *833A , (The) common__5 Finance Co Range for Previous Lowest 87 8% 5 Seagrave Corp Sears Roebuck 19 8% 31% 69 100 preferred 7 77 8% 8^7 87 *86 87 8Va 8% 8 96 100 250 100 13 No par pfd ,7,600 ./• 136 *98% 107 4 Jan 135% 100 96 27 14% Jun 135 100 *106 5% Jan 104 134 100 96 36 % Feb Dec 133% *98% 107 3.65% preferred 35,600 46 45 132 100 *95 Co 46% 132 *96 *106 Scranton 9 44 3A 45% *128 100 8% *86 43 % 43% 133 96 16% Jan Feb 12 107 Jun 5% 11% *95 8ys Oct 9% Dec 11% *106 59 V2 May 94 11% No par Feb 5 11% No par Mar 15% 35% 11% 112% 31% 5 Paper Co common SCOVHI Mfg 19 Dec " 1.75 preferred Jan 62 11% $3.40 preferred 14 21% Dec 4,100 $4 8 104 Va Oct 8 100 Savage Arms Corp Schenley Industries Inc 39% Mar *96 5 series A May *130'A 100 common 15 V2 93% Apr 10 41% 40% 43 % 43:,A 43 Co—100 preferred non-cum 1st pfd 5 100 vtc St Louis Southwestern Ry 85% 87% Nov 112% 40:% 11 Feb 6 *112% 40% 11 % 25% Mar Nov 112% 41 40% Preferred 7 77 21% 112%, 40 Va 111/4 ; 8,200 30% *112% 40 V2 40 Va Co 31% 31 31% 112% 10 Joseph 31% 31 31 Va *112% 32 112% 40 9 6% Jun Lead 31% St L-San F Ry Co com v t c—No par 30 Jun St 29 Jun 78 13% May 9lVa May Feb Jun 14 87 139 Va May 101 Jun Feb 8% 3 61% jun 16 Va July 487/s May 8% Feb 82% 18% Jan 11% Jan Deo 83% May 21 104% Jun 5 97% July 3% Jan May 3 3 88% Feb 100% Mar 25 3%% ^ 4% Oct 26 preferred Socony Vacuum Oil Co Inc 15 Solvay American Corp 4% pfd__100 South Amer Gold & Platinum 1 52% Oct 15 5% 71% Dec 28- 5Va% Oct 7 14 Va Apr 26 Southeastern 26 40 Nov 23 South Porto Rico Sugar com_No par 7 45 Aug 16 25% Mar 30% July 29% Jan 5 35% Nov 18 preferred. Southern California Edison 10 Va Sep 30 12 29 Southern Co Southern Natural Gas Co_ Greyhound Lines 8% (The) July 28 Va Jan 3 36% Nov 23 43% Feb 62% July 32 % Jun 13 51 Dec 29 Southern Feb 50'A Jun 25% Jun 14 41 Jan 7 Southern 58% Feb 70 July 45% Jun 1? 61 Jan 26 65% Dec 73 Jan 56 Nov 17 66% Feb 9 12% Dec 10 Va Jun 20 13% Jan 7 Spalding 3% May 23 6% Jan 7 57/a Oct 13 Aug 73 21 73 May Dec 29% Jan 21 Feb 7 26 Oct 20% Feb 30% Jun 22% Jun 13 7% 6% Jun 13 53% Dec Jan Dec 14 May 61% Mar 74 May 15% 23% May 29 Va Jan Feb 21% Aug 95 NOV 104 Jan 64 29% Mar 30 10% Mar 31 107 % *107% Railway 34% * 34% X34 % 34% 34V4 11% 11% 11% 11% 11% 52% Dec 3 143 Dec 27 $6 prior Oct 109 Jan 4 159% Dec 17 $7 prior 73 Jun 55 Jun 13 70 Feb 53 Jun 36% Jun 14 45 "Va Nov 3 Standard Oil- of Feb 92% Jun 60% Jun 13 74% Nov 2 Standard Oil 11% 12 35% 36 35% 36% 35 'A 35% 5,500 50% 51% 52% 53% 52% 53'A 26,400 common—No par 35% 35% 36 Va 36% 36% 36'A 36% 11,700 551/4 55% 557/8 55 55% 5,200 100 54% 54Va 54 54 54 100 *57% 59% *58 60 *58 1 •11% 11% *11 11% 11% 11% No par 1 4% 4% % 4% 4% 4% 4% 4% 5 5 *4% 5 Va 5Va 5 51/4 51/4 4 / *58 No par 58 % 58% 60 60 1 237/a 23% 24 24'A 26 26 Va 25% 26 1 4,300 1,900 62 62 62 24 24% 23% 24% 26% 26% 26% *60 , 13 ■ 30 1,700 27'A 6,000 9% 9% 9% 9% 9% 17,100 69'A 69V4 69 'A 691/4 69% 16% 171/4 16% 17 3,500 36% 17Va 36% 17% 36% 37 36% 37 4,800 107% 106% 107 106% 17 16% 17% 34% 36% *106'A 107 Va *106'A 26% 150 106% 80 21% 20% 21% 21 21% 21% 21% 21% 21% 12,000 92 91'A 91% 91% 91% 91 91% 91 'A 91% 430 16,200 107 48% *142 No par 64% 65% 25 44% 44% 25 66% 67% 47% 143 156 Jersey 5 6 9 Va 26 35% *154% Indiana 800 4% 5% 69'A 34% 48% 13 Va 9 69'A 21'A 61 *12i/4 69 Va 8% *68% No par —No par Standard Oil of California of New 9 2 *68 Va *58% 12 1/8 24 No par 9 61 11% 62 24 *58% * 61 141% • *154% 47% 48% 49 141% 141% 142 *143 144 *142% 50% 144% 157 156% 157 *156 157 156% 157% 1,000 647/a 13,700 48% 48% ' 49% 500 65% 63% 641/4 633A 64% 64 Va 44% 44% 44Va 44% 44% 44% 43% 44% 12,900 66 Va 67 66% 67'A 68 69'A 68 69 37,500 64 . For footnotes see page 200 4,800 74,000 50% preferred preferred S9% 13. 11% 25% __5 36% Sep 11% 35 preferred Jan 34% 35% & Bros Inc 54% 34% 49% Co 121 2,000 34% 35% Standard G & E Co $4 pref—No par 3 98% Jan 9 3.200 43 35% 2 18% Jan 27% May 109% Oct 14 • 12% 37% *40% 50% *91 Dec 11% 12 37% 41% 35% 107 92 . 36% 34V4 40'/a 12 367/8 11% 37V4 40 Stahdard Brands Inc com—No par $3.56 preferred No par Dec 22% Nov 11% 11% 36% 40% 34% 5,200 15,300 *39% ll'/a 36% 29 107 500 11% Squibb (E R) & Sons common—1 $4 preferred No par 13 100 71% 36% Square 13 52 *70% *39'/a 14 Jun *51% 71 11% 21 Apr 52 71 40% 18% Dec 17% Apr 23 52 71 36% 37 Va Dec 100 Jun 52 71 Va 35% $5.5o preferred D 600 *51 4 10'A 50% common $4.50 107% 4% IOV4 7.50 Spencer Kellogg & Sons Sperry Corp (The) Spiegel Inc common Conv 107 4% 101/4 4 4 11 % 5 28 107% 10 Vb 10'A No par non-cum preferred Mobile & Ohio stock tr ctfs Spear & Co *107 107 % „ 10'A 4 4 10'A 5 Co 5% (AG) 107% 108 85 85 36 % *40 28 82 Feb 107% 23% Feb 91 Va 17% Nov 54,700 13% Jun 71 Va Apr 29% Jun 97% Feb 16% 5 19% Deo 86 16% Jan 79% Oct 7 11 17 25 Sparks-Withington Co 3% July 19 Pacific 5 25 ; 33% 63 16% 71% 11 22 17 52 36% Jan 8% May 16% *70 26% Feb Dec 16% *51 Aug Feb 16% 73% 44 4 16% 52 16% Jan 4 16% *71% 42% Jan 20% May 7% Jun 1.400 *51% Dec 30% 20 15% 50 preferred conv 36 Feb 991/2 15 Va 50 preferred 86 % Mar 20% *93% 15% 3% 3 Nov 99% 15V4 10% Mar 11% Nov *98% 14% 100 3% 40 50 *85 98 14% *84 Va 85 *97% 10% 53% Mar Oct 31 86 85 98 14% *84'A 100 3% 60 10% Dec 2,100 14% 85 *97% 10% 45% Aug Jun 13 105 104 104% 15% *84 Va *15 1 52 7% Jan 102 102 South Carolina E & G Co com_4.50 5% Mar 39 Feb 8% Oct 100 4.20% preferred 100 Smith & Corona Typewriters_No par 100 4 Volume 171 Number 4871 THE COMMERCIAL NEW Range for Previous Lowest 23% 89 Range Highest 35 Oct for Year 1949 Lowest $ per share Nov t per share Jun 20 Jun 97% Jun Feb 15% Oct 12 Jun 27 % Oct 14 Feb 4 3'/a May 41% May 15% May 40 Jun 7 11 % Nov Mar 32 % Mar 88 39% X27 97 23 % Dec 12% Feb Vb Jun Dec 18 20 Jan 15 91 '/a 13 Jan 2 94 Jan 6 Jan 27 33"% Dec 22 17 14% Jan 7 9% Jan 3 13% Dec 14 15 % Jan 4 29 23 Stone & Dec 30 Studebaker Dec 1 13 6% Feb 9% Oct 7 98% May 90 Jan 8 70% 52% Feb 10 Nov 120 9% Feb 17% Dec 21 % 18% Dec 26% ?4% Mar 52 9 Jan 17 Jun 15 Jun 16% Jun July 19% Jun 31 Dec 44% 127 jtin Dec d.% Nov 16% 36"% 9 % Mar 52 Jun 12 14% Jan Superior Steel Corp Sutherland Paper Co 11% Nov 2 14 36% Dec 30 Swift 12 21 Sweets Co 14 Feb Mar $4 Symington 1 Telautograph 22 Tennessee Jun 14 70 % Dec 16 16% Jun 14 26 % Nov Talcott Inc 9 Feb 48% May 45% 33% Feb Dec 58% Dec 16 48 Dec 30 8 Jun Xl4% Dec 13 11% Jan 7 24 5% Dec 95% Feb Jan 17 Mar 32 % 104% Dec Dec 31 4% Jun 15% Jan 8% Nov 25 32 % Aug 14 Oct 5 6% Jan 41% Oct 8 7 20 17 9 Jan Dec 14 25% Jan 21 102% May 3 13% Jun 13 32% Nov 30 107% Dec 56% Dec 95 15 Dec $ per share 10- Dec 13% 19 8 10 10 Jan 19 16 % 4% 24 5% 100% Dec Jun Dec 19% Jan Jun 6 % 8% 600 17% 17% 60% 1,100 GO 60% 59% 60% 60% 60% 60% 61% 20,400 16% 15% 34% Nov 18 5% 4% Jun Jan 26 13 6% Jan 7 Twin 3 103 Dec 21 10% Nov 18 $4.50 Prior Twin 55 % 56% 56 56% *47'A 48 48'A 48'A 600 10% 1L 10% 11% 5,600 15 15 15 15 15 Va 800 14% 14% 14% *14% 5 7% 30% 12 * 30% 12 7%. 7'A' 5% 37 37 7% 7'% 7% 7% VI4 7% 1,500 *301,4 30'% *30 'A 30% 30% 30% 200 12% *12 12% *12'/a 12% 12% 200 6% 4,000 5% 5% 5% 37% 1*36 36% *3% 3% 3% 3% 3% 17% 17% 17% 7% 7% No par com 54% 54% v 7 * *V95 38 7 # 3% I 38 39% 3% 39% 3% 18% *7% 54% *95 54'A 95 4% 6 *37% 38 3% •290 4% 4,400 18'% 18% 7% 7% 3,100 600 7% 54% 54 54 95 95% 96 4'% 4% 40% 41 40 6 37% 3% 18'% 7'% 4% 12% 5% 37% 18'A 54% 94% 95 '* 4% ' 4 5% 37 *7% 54'%. 54 96 3% No par 18 7% : *95 No par com 5,500 7% *12 5% *47 30'A 30'A 17% 40% 1,100 180 4% 4% 40 13,700 40 900 lo 22% 22% No par 22% 22% 23'% *105% 23% 23% 106% 106% _5 105% 105% 105% 105% 105% 105% 100 15% 15% 15 15 Va 14% 15'A 15'% 15% 35% 15% 36% 8,300 35% 35% 35% 36 35% 36% 15% 35V4 35% 5,200 com Nonpar 22 *105% LOW STOCK Saturday Jan. 6 $ per share 16% 15% 16'A 16% 16% 16'/a 16% 16% 17 17 19 18% 19% 15% 15% 16 17 16% 17 9 Va 9 9-%' 10 Vs 36 *102 104% 25 36 9 10 "A 24% 104 par ! No par STOCfc EXCHANGE 105% com—No par CLOSED 104'% VB' 104% NEW YEAR'S DAY 1 • 7,400 25% 23,200 *36 36% 1,000 36 % 103 *8% 9 *29% 30 29% 4% 5 4% 5 37 *102% 29% 4% 10% 25 10 Vb 25 *29% 50 10 Vb 25% 10 Vb 8'% 1,100 107 25% 37' 25,900 106% 10% 10 103 19 17 105'A 24% 8% 80,700 18% 105% 10'/a *36 16% 16% *16% 9% 24% *-102% Shares 9% 10 8% for the Week $ per share 9 % 24% 8% Sales Friday Jan. 5 Sper share 15% " 9% v par s Thursday Jan.4 17 "A .*104% 15,900 PRICES Wednesday Jari.3 $ per share 23 16% 15 % 5 : SALE 23 17 1 common t per share HIGH Tuesday Jan. 2 $ per share 2 AND Monday Dec. Si preferred Co 6,700 10% 10% 14% No par preferred Coach 16% 48% 10% ;_^_No par prior 16 54'A 47% 10% l City Rap Transit conv 16% 54 Va 46 % 10% Century Fox Film com_No conv preferred No 20 15 % 54'A 47% $1.50 Jun 16 Va 53% 54% 15 Corp 20th 15% 10% Corp 17 16% No par Bearing 16 200 fi% 17% 53% 100 37% Dec 11% 6 % 17% 47 common 25% Dec *11% 6% 17% 6.800 Truax-Traer Coal Co 98% Sep 4% Jan Jan 14% 6 11% * 6% 17% 100 preferred 24 8% May 32% 3 32 % Jan 11% 11% 6% 17% 6,900 Transamerica Jan 7,300 71% Transcont'l & Western Air Inc 5 Transue & Williams Steel No par 36% 6% 6!/a 22% 4 Jan 100 6 5% 70% 17 Dec 6 22% 1 13 15,100 70% 30 15 Vb Jan 12,400 21 "A 81% 9% 22 % 17 % Dec 9% Aug 30 10% 20% 81 70'A lb% Feb $6 *11% 9% 20% 81 17 50c preference Tri-Continental 11% 6% 5% 9% 20 Va *80 22% 16% Dec 17% July 11% 6% 9% 70 4 92 11% 9% 9% 22% 13 31% 9% 69% Par 11 5,400 21% Jan 108% Oct 35% 69% 10 10 35% 23% 11% Jun 98% Feb 36 69 22% Mar 19% Aug 25% Mar 35 Va 21% 23 3A Nov 35% 69% Nov 14 353/8 23% Feb 9% Dec 35% 69% Nov 12% Mar 35% 23% $ per share 11 1,400 10 Ry Co YORK 300 10% No par preferred Roller 400 10% Trust— EXCHANGE 6% Feb 107 11 17% *17 60% 9% 10% May 107% July 107 10% 5% 5% 96 107% 2,200 10% 5% 15% Apr 107 Vb a 10% 5% Timken-Detroit Axle NEW 107 10 3 10% 5% No par Highest 107 107% 20 Va 10 preference Tide Water Associated Oil $3.75 preferred for Year 19-19 41 79 preferred Timken 1,100 10% 41 20 *6% 212 10% 40% *10 % *10'/8 36 *11% 212 40 Va 79 5 215 10% 41 79 % 9 $3.50 5 Jan 212 10 Va 20 common Co 206 19% 41 19% ctfs Pacific conv 197 79% 5 Thompson-Starrett Co 43% Mar 30 I per share Jan 90 10% *107 STOCKS $ per share 1,800 41 9% Corp conv 200 19% Producing Co Inc 9% 9% l Fair 4% 29 4% Oct Lowest - 5,700 79 % Corp Thompson (J R) Thompson Products 27 Range Highest 16,600 17% 9 Vb $2.50 conv preferred 50 JThird Avenue Transit Corp_No par Thomas Steel Co (The) -1 9 40 Year 1948 11% 17 *16% 19% *78% par (James). Range for Previous Lowest 11 Va 17% 10% 10% 25 Thermoid 6 Mar 19% Jun July $2.40 5 7% Jan 14% Jun May 11% 17 *39% 107% *9% 35% Thatcher Glass Mfg Co common 19 2 34% Jun 15 84% Apr 14 2% May 23 23% May 19 Jun 11% 17 17 195 41 *107% Corp share & $1.25 The 17 Nov Sub Texas Textron 22 20 Mar 1% Jun 23% May 55 7 13% July 12 4% Mar 21 25% Apr 19 Jan 11% 11% 9% 10% *39% (The)—4.16% Gulf Sulphur Pacific Coal & Oil Texas 12 Jun Dec 65% May 20% May 36 10% 6 121 No par Texas Pacific Land Nov 10 10 Co Texas 9% 205 25 Gould 29 56 4'A 50 preferred 6% Dec 25 31% *198 100 America 12'A Dec 6 Nov 40 oi Texas Gulf 1% Mar 9% 25 Co— 3 19% Mar *59 10c International Ltd Sylvania Elec Prod Inc com—No 6% Nov 29 19 19% & 18% Nov Feb 12.50 preferred 14 85 Inc Swift 4%% 11% Jun Jun Xl21 4,200 25 Jan 122% 4,800 Texas 10% *121% 3,800 3 59% May 95'A Jun 121% 11 19% 65% Nov 24 121% 11 10% 13 Oct 121% 121% 57% 29 Apr 60 10 48% Jun Feb 60 56 Jun 7% 59% 19% 25% May 71% July 19 59'/a 10% Nov 39% 59% 59 16 35 — 59% 19% 18 Jan 8,300 59% 10 22 Apr l.'OOO 9% 96 57 41% Dec 10% May 49 % 9 *95 19% 14 47 % 49 9% 96 10% 14 13 % 8% *94% 59 9% Jun 2% Jun Dec 8% 96 19% 13% Jun Dec 59% 8% *94% 58% Biscuits 67 Dec 49% 8% 96 • 19% Sunshine Mining Co Superior Oil of California Feb % 28 >4 59 Sunshine 16 15 Dec Nov 6 27% 49 58% 27 12% Sep 227 15% 5% 45,900 28 49 % 17 47 34% 27% '21 Va 48% 19% 108% Dec 12 27% 27% 17 7 Jan 11,200 19% 59% 2 May 500 21 Va 18% 17 89 15 % 7,900 18% 21'A 19 24% Jan 46% 14 18% 213A 25 5 Dec 13% 18% 21% 25 17 Oct i33(, 18'A 21% 8% 11% 13% 18% 21 48 • *94% 123 11 13% 160 A 9 Apr *121% 1 4,400 B 14 12% common 8% 12% % series 17% Aug 25% 100 27'/8 59% 12 18% 48 96 12% series 15 8% Jun Jan 59% 6,000 12% 6.300 preferred 76% Sep 3% Jun 14 % 8% *94% 34 preferred 7 % Feb 27% Jun May 1 No par 12 % 99% 33% 21% 20% 49 No par ; *18 39 99 Va 33% 4%% 11% May 5% Jun Nov 12 % 12% 12% 38% 99% 33 4%% 19% May 3% Dec 14 % Mar 12% 12% 39 *99 ' 13 23 91 32% 99% 13 Jun 26 Dec 38% 32% 900 17% Jan Aug 7% May Feb 4% Mar 37% 99% 500 13% 13% 200 32% *32 21% Sep 60% Dec Jan 17% 37% 99% 32% 48 8 22 79 13% 12 *48 7,600 14,200 13 8% Aug 30 Jan Dec 32% 13% 38 Va 32% 18% common pfd 32% *99 21% 27% 200 19% 43 13 12% 18% 26% 102V4 19% 48 32 12% 27% *47 13 Va No par Corp YEAR'S DAY 25% 19% 32 12 21% *47. 48 Shares *101 Va 102 19% for the Week $ per share 25% 102 13 12% l 25% 20 31% 1 20 25% 102 19% Sales Jan. 6 12% 37% NEW 25% *101% Friday 5 . $ per share 31 37% 99% 33% % No par Sunray Oil Corp 30% Jun Jan Dec 8% 33 common Corp Class A 4% % 106% Dec 28% CLOSED *99 Corp Chemical 48 EXCHANGE 12% *47% .. Jan t per share 20 5 $4.50 series A preferred Oil Co common 17 31% 12% 37% 15 Sun 8 11% Dec % Feb 14 7% Mar 25 Jun Dec Sun 12 19 122 36 11% Mar 235 13% July 27 Sep 66% Oct 14 Jun 43 Dec 117 96 STOCK *30% 100 Webster Sunbeam 48 Thursday Jan. 4 25% 101%, 19% 1 5% prior preference 21% Dec 25% 101% PRICES Wednesday Sper share 20 3/8 5 common Stokley-Van Camp Inc 28 Jan No par $ per share 103 *47% SALE Jan. 3 25% 20% 50 preferred 25 Jun July 15% May Mar 18 % Dec 3%% 25% *101% 1 HIGH Tuesday Jan. 2 tper share 100 common Stevens (J P) & Co Inc Stewart-Warner Corp 10 Dec 9 Sterling Drug Inc 12% Feb 11% Jan 140 100 3 9 % Jun Spring convertible preferred Starrett Co (The) L S Sterchi Bros Stores Inc 18 Monday Dec. 81 common—10 (117) RECORD Saturday 4% 7 41% Aug '20 Ohio of Steel 16% Feb Nov CHRONICLE LOW AND STOCK preferred series A 18% July 50 % Mar 113% 38 % Jan Oct 28 % Jun % 6 29 % 16% Mar 6 3%% Oil Standard 23 Dec 24 % Jan Jan 11% 20% Dec 48 July 12 Jan Dec Jun Standard 102% Dec 20 9 35 36% May 16% May 15 May YORK Par 27 10 Jun Feb 9 STOCK EXCHANGE $ per share 13 11 % 96 % NEW Highest 38 36% YORK FINANCIAL STOCKS Year 1948 $ per share & 103 36% 103 9% 9'A 34,800 107 36 102 270 102 400 8'A 5 *8% 8% 600 30 % 30% 8% 30% 30% 30 % 240 5 Va 5 % 5% 2,400 6,100 5 U 9% Dec 12 Jan Dec 39 59 Va Jun 16 Vb Jun 10% Feb 8 39% May 43% Nov 12% Apr 6 19 % Jun 17 31% Jan 7 33% Jun 13 45% Dec 12 9% Mar 1 27% 37 Vb 103 91 Feb Nov Oct '• 110 Feb 98 80 Nov Feb 79% Nov Nov 14 10% Dec 31 29 46 12 107 Jan 6 94 Jan 13 90 21% Jun 8y8 Jun 39 Jun 112 96" Jan Aug 30 Nov 16 Udylite Corp 10 10% 10% 10% 10% 10% 10% 11 43'% 11'A 43% 43 43% 43% 44 43% 44 43% 43% 12 Va 12 Va 12 12'/a No par 12'A 12% 12'A 12% 12'A 121/4 2,200 28% 29 28% 28% No par 28% 29% 29 »A 29% 29 29% 44% 7,900 Un El Co of Mo pfd $4.50 ser_No pal Preferred $3.70 series No par 44% 43% 44% 43% 44% 44% 45 45% 28,300 *111'A 45% 111% 112 97Va *96 Underwood 86 Vb Jan 7 25 Va Jun 13 Aug 5 32% Sep 14 Union 73% Jun 14 89% Jan 21 Union 48 16 51% Feb 15 36% Jan 5 45% Sep 51% July Jan 41% 22 V8 Dec Jun 30% Dec 30% May 103% Nov 110% 9% Nov 19 % Jun Apr 20 Va 28 July 15 104% Jun Apr 10 % Jun 14 13 94 27 Preferred Union Tank convertible 61% Jan 3 85% Oct 16 33% Dec 31 Jun 27 4% Jun' 28 106% Dec United 26 19% Feb 15 103 15% Jan 38% Dec 29% Jun 13 July 29% Jan 3 29 2% 41 2 Vb Feb 36 Nov Dec 5 Vb July 2% Jun 13 Jan 40% Jun 13 3% May 2% Jan 3 55 Feb 3% Dec 4% 60 9 Feb Dec 3% Jun May Air 4%% $4.50 United 40 21 United-Carr 3% Oct 25 47% Sep 5 24 15 3% Dec 9V4 Dec 21 Co Corp_No United Corp Without (The) Corp common 82 % Apr Feb 28% Jun 1% 14 Vo Aug preferred Jan 2 22% Jan 46% United Jun Electric 34% Jun 22 42% Dec 58 % May United x44%Jun 7 Engineering & Foundry 55% Dec United Fruit 48 Feb 16 18% Dec 23 11% Dec 21% May May 16% Feb Feb 15% Feb 32% May 101 Jun Dec 16 19% Dec 26% Dec United Merch United Paramount 26 Dec 15 25% Dec 15 20 18% Feb 11 30% Dec 3 7 102% Nov 19 94 Mar 92% Feb 166% Nov 179 8 Dec 17'A May 54% Dec 76 Jun 43 19% Dec 42% Jan 17% Apr 12% Jun 28 17% Jan 8 x89% Jun 13 116% Dec 23 175 10 187 Jan 6% Jun 6 May 25 28 Oct 10% Sep 28 Jan 5 4% Dec Jan 3% Jun 13 17% Dec 36 U S U 15% Jun 13 Sep Jan 11% Jan 3 U 16% Oct 8% 7% Dec Feb 9% May 53'A July 19 39% Jun 13 Jan 49% Jan 58 52% Jan 12 For footnotes July see page 7% Jan 18 72 Dec preferred 4% % U 13 S U S Co 87% 7,900 50% 50 Va 31'/a 31'A 31% 31% 31% 31% 31% 31% 31% 27 26'/a 26% 26'A 26% 26 Vb 26% 2 6'A 27 106'/a 106% 26% 107% *106 107 *106 107% 13% 13% 13% 14'/a 14'A 15 15V8 15% 85 84 84 84% 84% 84 85 31% . 31 31% 31% 31% 31% 32% 106% 106% 106'/a 106% 106'/a 8 8 8 8 106'/a 106% 8 8 8'/a 35 35% 35 35% 36 40% 40% *40 35% *40 41 *40 41 3% 31/4 3% 31/4 3% 45'A 44% 44% *44% 45% 3% ~3% 3% ~3% 5 3% 41 3% 45% *106 1 15 *83 'A 30% 8% 8% 8% 8% 8% 3% 8% 3% 35% *40 3% *45 3% 2,700 41 100 3% 11,800 180 45% 33,500 ' 3% 9 9 *68 69 5 *40'% 41 40% 40'/a 40% 40% 40% 16% 40% 55% 55% 54% 55% 10 54% 55% 18% 55% 56 19 18% 19 13% 18% 18% 26% 26% 26% 26% 26% 26% 163,000 9 69 *66% 8% - 55% 11,300 18% 29,300 26% 4,900 13V4 13% 14,400 22% 23'A 6,700 12% 12% 12% 13% 13% 13% 23 % 24 23% 23% 22% 23% *23% 24. 'A 23% 23'A 23 23 Va 22% 22% 22% 23 29 Va 29% 28% 29'A 28% 29'/a 28% 29% 29% 29% *101% 103 101% *101% 103 15% 17 15'A 15'A 15% 15% 113% 112% 112% 112'A .1131/4 185 182% 8% 45% 23'A 8'/a *182% 8% ■ 46 ■ *45% .23% 9 23% 9 Va 29 29 Va ^^-^10 102 113% *182% 185 5 1 54% 18% 12% 10 1,400 26% 24V8 20 40% 19 12% No par com 500 40% 26% 23% 20 110 16% 18% 1 ' 1.300 16'A 26% 1 No par ^ 140 1,800 36% 16 V2 No par Playing Card Co. 3,400 , 8 68 common common 800 108 8 16 % class preferred 100 32,400 ' 3l'A *107 69 100 Pipe & Foundry Co 1,400 15% 86 16% 100 A 1,100 12,100 107 5 3% 3% 45 36% 27 16'A No par Machinery conv Co 86% 50% 69 common preferred Lines 87% 50% *66% No par Leather S S 11,500 86% 50% *16 1/8 No par Partic & 27'A 87% *50'A 16% Theatres Industrial Chemicals U 27% 84% 50'A 69 Foreign Securities Hoffman 27% 85 50'A 3% 1 1st 27'A 83% *44% 1 interest Freight Co Gypsum Co preferred 4%% 8% Apr 38 49 S of 180 26% *67% Inc U S 30% Dec 21% S 7% Mfr* U 9% Dec Jan 11% & $4.50 27 26% Oct U S 4 57 Certificates 92 *16'/a United Gas Corp United Gas Improvement Co 13% Sep 90 50 97% 5 , 6 Jun 112 92 No par Cos Co & 92 100 Coal 24 24'A May 113% Jun Jun 70 9% Mar 23 19 Va Jun 6 18% Feb 19 89 July 22 27'A 91% __ 16% Jun . 1 37% 45 26% *96 91% 84% *35% par with dividend—1 dividend United Dyewood 97% *31 Va 8 No par Fastener 111'A 112 91% 27% *106 10 Cig-Whelan Stores com—30c $3.50 convertible preferred lOo 30 24 Carbon 112 *96 50% 31% No par Corp 92'A 85 j 100 No par Carton & 97% *91% 84 *106 Unite 23 Oct Board ■; common—10 preferred 18 United 5 preferred 20 • 100 United Biscuit of Amer 9% Oct 21 Va >. No par Inc 112 *96 91% 3,200 50% 50 common *111V4 97% 91% 50 preferred *10'A 112 *96 25 com Corp Lines 38% Jan Dec Co ; No par Car Co 5% 90% Mar Feb RR 11 23'A series 5 California 109% Oct 14% Oct 21 Co non-curft preferred Aircraft Jan Dec of Pacific 4% United Nov 6% Oil $3.50 29 19 27% No par Dec 57% Oct Corp Union Asbestos & Rubber Union Bag & Paper Corp Union Carbide & Carbon Jan 38% July 96% July 31% (The) 15% *8 - *,46% '70 8% 29 15% 8% 46% 70 15% - - 22% 8% 29 15% 9 46% 23% 8% 29% 13% 152% 9 Va 48 103 *102% 16% 17 1131/4 117 117 *182% 185 *183 9 9 48 49 16%' 9% 49 - 104 2,300 5.000 185 260 25 24% 24% 4,000 8% 29% 8% 8% 8% 8% 5,600 29% 29% 28% 29 Va 1,900 16'A 16% 16% 16% *8'A 8% *81/4 8% 16'A 24% 24% ' S% *8'A 8% 46% 46% 47 47 46% 47'/a 70 70 70 70 70 *68% 20 1.700 91/4 49 46 "2 71 310 16 Va 4 6'A *69 2,200 10,500 118% *8% - - 8% 46 Va 103 19,700 t i J— 2,000 300 17; 18 COMMERCIAL THE (118) Year 1948 $ per share 22 Va 37% May 19% May Dec 94 82 37% ; Dec 86 Dec 49% May .21 Dec May 137% Dec 23 93 % Nov 43 Jan 26 133 31% Aug 12 Jan 21 112% Jun Jan 13 46 % Apr 72 37% Nov 58 Va Juu 33% Oct 4 63 Va Dec 72 Apr 62 Oct 3 20% Jun 13 26% Dec 31 129% Jun 8 140 % Jan 26 140% 129 y2 Mar Jun 18 17 y2 Feb 19"% Jan 18% Jan 4 22 Nov 29 Nov 42% May 38% Jan 3 44 % Sep 2 4% Mar 6y2 May 4% Feb 24 6% Nov 3 Dec 98% Jun Dec 6'A Jun 34 Dec 22 11% Nov 30 14 8% Jun 12% May Dec 2% 8% Apr 29 92 Dec 14 2% Jun 29 4 Jan 8 Feb 8 27% Oct 17 80 Jan 21 Jun 16 Feb 12% Jun 14 17'/a Jan 7 4 Mar in% Jun 3% Feb 25 9% Sep 29 Feb 23% Jun 19% Jan IT 25% Sep 2 19 150 20 Feb 170 42 Jun 14 12% Dec 10 a 7 May 170 ft Feb 43% Jan 15% May 70 Mar 156 May Dec Deo IV* 9 Dec 12 64 14% Feb Jun 28 9% Dec 15% May 7% Nov 16 25% Apr 25 UT/i May 13 20Va Juu i.4 27 Nov 14 13% Jan 27% 17 Oct U Rubber S 8% Co U preferred Steel S 7% U S Corp preferred conv 37 Va 67% 26% 139 Va 93 37 Va STOCK '67 530 5,000 *66% 67 67 67 67 67 26% 139% 21'A 42 42 26% 27 Va 83,700 139% 139'A 139% 1,000 21 Va 21% 2,500 21% 21 Va 21% *41% 42% 41 Va 41% 5% 5% 5% *5% 5% 5% 5% *5% 5% 400 5 10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 3,300 95 95 95 95 pfd *94 No par . DAY 97 Universal-Cyclops Steel Corp 1 *14% Universal Laboratories Inc l Tobacco 4% com.No par *24 100 *160 preferred Co Inc 11% *59 Va 21% Corp of America—No par 162 *160 3% 15% 161 % ll'/a 11% *59'A 21% 21% *21 9 9% 26 26 9 162 *15'/a 4% 24% 162 162 80 98 200 4 15,600 28% 400 16 4% 4% 4,000 24 Va 24'A 600 *163 100 164 11% 11% 11% 11 Va 11% 61 60 60 59 Va 60 1 21% 21% 9,700 60 21% 1,500 9Va 9% 9% 9% 3,500 26% 21% 26 Va 26% 26% 500 9% 9 26 26 *26% 16 4% 42 3% 28% 2434 53 Va 27 *15% 4% Va 21% 15'A 24% *4.1 *96 4 *26 Va 4% 11 8% 3% 3% 24% 59 Va *26% 97 Va 27 11% 10 Inc 4% 24 24 *95 *26 61 2.50 Co 4% 4% 162 ._1 15 15 15% 24% 100 com preferred Co 21 27% 139 139 Va 21% 3% Norman 300 27 139 42'A 27 Va Raalte 27 129 Va *5% 3% Van 26% 130 21% *25 Va Van 9,300 39 3% Vanadium 3,000 38% 130 27 Va Pictures 38% 38 3% 8% 130 38% 40 *25% 4%% 38 38% 2 Universal 38% *41% Paper Inc common Universal Leaf 37% 1 preferred conv 93 Va 38% CO 4% Shares 28 Va 130'A 21 Va YEAR'S 28 *92 38% 26 Va NEW 29 93 129% 139% 26% 140 93 67 37% CLOSED 29 *91 29% Sales for the Week 38 130 Va 130 EXCHANGE 38 29'A *91 Friday Jan. 6 $ per share 25 United Stores $4.20 non-c 2d $6 130 % 29 Va Thursday Jan. 5 t per share $ per share No par com preferred Stockyards Corp non-cum United Wall 38% *66'A * 29% *91 PRICES Jan. 4 v S per share I per share 29% 37% 100 Co Tobacco 7% United *130 No par common preferred Jan. 3 SALE Wednesday Tuesday Jan. % 93 38% 100 5o 50 preferred Min com U S Smelting Ref 6c 7% *91 10 common 1st non-cum 29% 1 100 Plywood Corp common pfd series A 3%% Mar 17 37 85% U S 18 30 3 29 Apr 1 per share Par t per share f per share Monday Dec. 31 EXCHANGE Monday, January 9,, 1950 HIGH AND LOW Saturday STOCK YORK NEW Range for Year 1949 Highest Lowest Highest t per share CHRONICLE STOCKS Range for Previous Lowest FINANCIAL & *21 Feb 26% May 12% July 15% May 10 Feb 10 6 Vertlentes-Camaguey Sugar Co_6% 12% 12% 12% 13% 13 Va 13% 13% 13% 13% 14% 33,700 19% Dec 29% 20 Jan 3 25 Oct 6 Vick 21% 22 21% 22 21% 22 22 Va 22 Va 22 22'/a 3,500 85% Dec 94 May 85% Mar O 97 Dec 27 86 Feb 95 Jun 85% Jan ft 98 Dec 16 17 47 Dec 14 7 100 Dec 28 21% 32% So 48% Dee 96% Oct Jan Jun 33 Va Jun Apr 91 Jan 5 11 Va Jan 21 Jun 6 Feb 124% July 82% Jun 17 118 Jan 21 14% Nov 18% May 15% Jan 3 20 Dec 17 113% Jun 29 118 Feb 14 14% July 7% Mar 93 109 117% Jan 15% 23 Deo Jun 14% Jun 23% July 14 9 Tan Chemical Vicks Shreve & 5% 3%% div 45%' 47 *46% 46% *97 % 99% 99% 99% *97% *96 100 ' 1 1,000 ' 7% 7% 7% 97% 7% *97% 7% 7% 7% 87% 87% 87% 87'% 87 Va 87% 88'A 1,000 10 _100 2* _2I _2ft 19% 19% 19-% 19% 19% 19% 19% 19% 19% 19% 9,800 116 Va 116% *116% 110% 116% 116% *116'A 116% 27 Nov 29 33% Apr 14 33% Oct 27 25% Deo 32% Jan 23% Mar 32% Jan 30 Mar 19 32 07% Aug 66 Jan 45 Jun 0 60% Jan 28 Wabash 12% 15% Jan 12 Jun 30 14% Sep Waldorf System _ *116% *20 . 117 21 *20 21 28% 28% *97 % 7%. 99% *20 21 *20 29% 29 21 29 *20 5,400 110 20% 1,000 28% 28% 29% 29 % ft 32 Va 32 Va *27 Va 28 *27 28 *27 28 *27 28 *27 28 *30% 31% *30% 31% *30% 31% *30% 31%. *30% 31% 100 *56 VA 57'% 56% 56'% 5634 56% 56% 56% *56 57% *14 14% 14 Va 14'A 14% 14% 14'A *14 — _ . 29 20 -30 Virginian Ry Co common 6% preferred— — Vlsking Corp (The) Vulcan Detinnlng Co common 1% preferred - Dec 25% Jun 100 *98 100 Virginia Elec & Pwr Co com $5 preferred— Va Iron Coal & Coke 4% pfd 28 Apr 100 47 8 7'A 26 29 *96 47 7% Apr 26 100 46 87'% 34% May Apr *96 46 7% 38% May 30% Apr 30 *96 99% *45 % 87% 39 V* 9 99% 99 *96 100 Nov 6 *96 *96 99% No pax Deo 32% Jan 12 *96 99 45% com 24% Deo I partic preferred preferred Va-Carolina Chemical 6% 99% *96 *96 Pacific Ry com_100 preferred 100 non-cum Victor Chemical Works common 29% 28% 2.60 Co 29 % 31% 29% 32'A 29% 29% 30 32 Va 32% 29% 32% 32% 29% 32% 30 1,700 32% 1,100 W 28 Deo 35% Dec 25% Jun Jun 13 13 31% Nov 25 May 19 105% Oct 19 RR 4%% *31 Va 31 'A 31 % 100 *104% 105 % 104% 104% *104% 105 No par common 31% 31% 31% 31% 31 % 32 7% 7% 7% 7% 7% 8 , 1 32 31 * 105 100% Apr 101 Aug 27% May 8% Feb 21V* Jun 6% Jun 29 Jun 14 X83 Ve Mar 101 Jun x87% Jun 14 9% Nor 14 May 8% Jan 3 32 Jan 18% Jun 14 22 Nov 34% May X19% Nov 100% 31,400 No pax Warren Petroleum Corp_ 3 Washington Gas Light Co—No pax 29'A 30% 29% 29% 30% 30 30% 30'% 33 7,800 17% 18 Va 3,800 *24 Va 25 Va. ft 13% 14Va *13% ft 1 23 23 *23 15% 15% 5% 11% Apr 21 17% Nov 22 3 Jun J j% Apr 22% Feb 51% Jun Feb 110% Jun Wayne Pump Co 1 6'A Oct 5 27% Jan 7 Wesson Oil & Snowdrift com—2J0 26% *84 Va _ _ 26% 26'A 26 26 26% 26% 85 84 85 84 % 84% 330 20% 21 21% 21'A 22% 10,000 21% 21 Va 21% 21 21'A 16,900 3 West Penn 108% Jan 26 108 Dec 27 v% Jan 20 a 12% Dec 21 35% Jun 14 104 1 .May 12 Nov 10 50% Dec 28 108% Jan 20 Elec No pax 23% 100 Co com Power 4%% West Penn *111% pfd preferred series B 100 4.10% preferred series O —100 West Virginia Coal & Coke. _ -ft West Va Pulp & Paper com—No par 4%% preferred 111 4.20% — 23% 24 NEW 108% *107% 108% 13% 1 13% 13% 50% 50% t per share t per Saturday Par Lines 36% May 74% July 20 Jun 13 30 58% Deo 53% Jun 6 15 26 13 Ino__. May May 31 39% Jun 21 Va Jun 13 23% Deo 33 Va Jun 20% May 31 85% Feb 95% Apr 90% Jun 91% Feb 101 Va Jun 25 Dec 80 Jan 37 Mar 57% Oct 29% Jun 83 Mar 92 Jan 71 Jan 24 70 V* Nov 18 24 Dec 29 34% Jan 7 33 Dec 30 104 & Dec 28 98% Feb 15 104 Aug 11 21% Jun Jun 3 7 Mar 30 102 July 23% Mar 24% May Jan 12% Jun 13 5 Weston 19 Wheeling & Lake Erie Ry 48% Jan 27 12 Dental 13 16% Dec 19 White Motor White 22% July 18% Jan 3 32% Dec 15 Nor 28% Feb 8 34 Dec 1 19% Jun Va Jun 6 x42% Jun 22 Nov 17% May Dec 88% Jan 70 Jun 12% Dec 19 Jan 10 Jun 14% Dec 18 Jun 14% Jan Dec xl38 Jan 8% Jun 14% Dec 20 7% Jan 8 57% Dec 13 Prior OH $4.50 140 Nov 29 2 35 Nov 30 Sep 27 49% July 29 32 32 Va 34 33 34 32'% 32% 4,000 28 28% 28% 29'A 29% 29% 29% 30% 66% 66 Vz 67 % 68 Va 69 69% 70 70 800 21% 22% 22 Va 23% 22 Va 23 Va 22% 23 17,900 25'A 25% 25% 25% 25% 26% 25% 26 Va 20,800 32 'A 32% 45,200 103'A 103% 1,100 26% 1,400 25% NEW YEAR'S 32 Va DAY A 32% 32% 32% 32 Va 103% 103% 103% 103% 33 4,700 i 103% 103'% *23% 24% 24% 115 *110 115 *24 *11.0 103% 24% 25 25 115 *110 Va 115 *110 24% 49% 83 Va 32 115 48% 48% 83 83'/a *31% 32 5,400 570 500 32% *31 Va 16% 16% 15% 16 Va 15% 16% 16'A 16% 16 % 16% 5,500 31'% 32% 31 32 31% 32 31% 32 % 5,400 *33% 34 *33% 1 31% 32 20 *33% 34 • 13% 13% 13 % 13% 13% 1 com 18,400 32 28 5'% 5% 5 V4 5% 5% 53% 53% 53% 54 No pax 55 34 12% *33% 12 Va 13% 6 55% 34 *33% 13% 13% 6 6 13% 34 13% 2,400 5% 6 55% 53% Va 53% 54 3,100 12% 8,100 12 Vz 12% 12% 80 77% 77% 12% 42,900 No pax 12'A 12% 12'A No pax 76% 76% *76% 18 *10% 10% *10% 10% 10% 10% 10% 10% 10% 10% 1,400 18 20'A 20'A 19% 20 Va 19% 20 % 20% 20% 20% 21 5,700 Co (F 31 31% $4.25 preferred 6% preferred Woodward Iron STOCK 83 Wilson & Co Inc common Wool worth 24,700 48 Va Wilson-Jones 4 16% 32% Wisconsin Elec Power Co com Jun 16% 83 "a 15 Jan 17'A 49 17 22 16% 83 Va 13% Jan 44 17'A 46 % 21% Dec 128 16% *31% 6 Oct 16% 46% 14 Jun 1,900 16 32 17 37% 9 Va 40'A 83 13 49% 8% 40% 25'/a 1 Motors Shares 9 Va 41% 72 46% com share 8% 22% 33 I per 40% 22% 104 the Week I per share o CLOSED 32% share 41 EXCHANGE 104 A t per 8% 28'% *103'A Sales for 81 12% Dec Feb 40 Jan. 6 81 79% Nov Nov 1,600 Friday 47% 15 28 2,300 Jan. 5 80 2i 41% 13% 50 109% Thursday 47 Va pfd series A cenv 13'% 50 *108 No par _ Willys-Overland 50% 108 —- 40% 66% 24 Co Co 13% 13% 50 108 No pax Sewing Machine preference Wilcox 108% 1 8 Va 28 *110 (The SS) Mfg *107 Va 100 112 110 40'A 8 66% 100 prior pref conv White 31% 09 $5 32'A 12.18 Wheeling Steel Corp com 31 Feb 10% Instrument 32V2 Dec Feb 4 100 11 Dec 89% Jan 111% *108'% 108% ,*107'/a Jan. 4 *39% 16% 32 No pax Iff com A pfd series B Elec 13% 50% 108 Wednesday t per share t per share 40% 16% class A_No par Westlnghouse Air Brake No par Westinghouse Electric com 12% 3%% pfd series A 100 3.80% 50% Jan. 3 8 Va 40% Western Union Teleg 2 7% May 31 RR series 26% Jan 115 Feb May Pacific Preferred 8 10 188 100 Maryland Western I per share __1 Supply Go Ry com non-cum 2nd pfd 4% 13'4 108 Tuesday Monday Jan. 2 Dec. 31 share 25% Feb 5 13% 51 109'% *103 109 % % 13,700 24 112 110 112 *107% 3,700 27 LOW AND HIGH SALE PRICES STOCK YORK 108 *107 Vb EXCHANGE Highest *107% *108% 23% 24 23% 110 110 50% 24 111% *108% *108% *108 23% 111% 112'% 110 STOCKS Lowest 23% *111% 112% 6 25% 25% Dec 115 6 Va *84'A 3 Apr 18 104% Sep 30 17 128 5% 21'A 33% Dec 65% May 8,300 21'A 8 Mar 1,600 6% 20% Sep 01 16% 20% 21 12 16 Va 20 % 38% July 6% Mar 16 5% 4 22% Mar 9% 15% 5% Kentucky Coal Co Western 9 15% 5% West 23 27% 15% 5% 14 16% Dec Dec 700 15% 5% 22 V< Oct 16 Va July 13% 23'% 29 Air 27% 23% 20'% Auto Feb 23% 85 Western 23 23% 20% Western July 23'% 84% 14 40% 23% 20% 31 115 2,200 23'% 20% 8Vb Dec 29% Nov 1,200 14'A 20% 41V2 Dec Deo 24% 13% 1 preferred conv 24 Nov 17% 24% 14 Va 14% Jan 46 Va May 7% Mar 17% 25% 14 Indies Sugar Corp 107 10% May Dec 18 Va 24% West $4 32% May 23 8% Feb 24 Nov 17% 14'A 16% Sep share 6% 17% 25 Va 13% 21 84% Dec 27 Range for Year 1949 34% 17% 25 13% 15% 84% 18 25 26% No pax 17'A 25 23 Va Jan Highest $ per — Inc— Tobacco 30 14 July 13 Year 1948 t per share Mills—A. Knitting Range for Previous Lowest U- 15'% 16% Jun 78 Oct 38% _ _ Co_j£ Motor 16 99% Webster 101% May Jun — 100% 120 15% Jan 13 107 Oct 98% 15% Foundry & Pipe 3% Jan 113 16% 98% 15% Wayne 19% July Yeb 16'% 99% 24% Dec , 13% 16% 15'% 10 — 105% Nov 16% 99% 15% 16% Feb 26% May 19% Mar 16 V\ 99'/a Warren xl9% Jun 5,200 16 *99 Sep Jan 5,900 15% 19 6% May 5,400 8% 16 Va 30% Dec 34% Aug 86 Va 32% 8 % 99% Waukesha 30 Va 32 Va 8'A 15% 7 Dec 32% 8% *98% Pictures 16 16 _1 preferred 20 13 70 32'/a Va 16 22 13 104'% 15% Bros 14% Sep 14 22 200 31'A 104'% 31% 105 *99'A Warner 25% Dec , 31% *104% 1,000 -ft 5%"% 16 22% Jan Aug 31'% 300 14% 31% 100 2 16% Dec 14 Dec Sep Ward Baking Co common 101% Dec " 27 16% Nov 7 17% Dec G & W Co 14 20% May Dec Walker (Hiram) Walworth Jun 27 Va Dec 3% 8 7 11% Jun Jan 12% 26 Dec 23'/a Jun 20 Va X80 xl2 16% July 10% Mar preferred 9% Jan 33 1 13 Va May xl8% Mar 4% *14 No par —No par No pax Co Walgreen preferred — 145 34 48% *140 145 *140 34 34 34 *33 48% *33 48% 48% 48% 145 *140 33% 18 Co *77 *78 80 300 " 10 ICO Co W) 79 48 *140 145 *140 145 33% 48% 33% 33% 2,300 48% 49 49% 6,600 Worthlngton Pump & 13% 08% X62 08 25% May Dec Deo 81% Nov 94 Feb 11% Jun 14 x59% Feb 24 72 Oct 27 Prior 10 76 Nov Prior 64 May 20 89 Dec 19 Wright Feb t 82 Dec 15 Jun • % Feb 28 12% Oct 27 Wrigley (Wm) Jr (Del) Wyandotte Worsted Go Jan 19% Jun 18 30% Dec 29 S2 Deo 34% 10% Feb 16% May 37 Dec 48 May 10% Feb 24 Oct 89% Deo Deo 30 Feb *Bid y Oct asked 12% Jan 7 39% Jan 18 28% Nov 28 17 Tale & 17% 3,900 71 70% 70% 120 74 74 74 74 230 *80 89 *80 88 *80 87 *81 87 *81 87 . 82 81 'A 81'A 12 11% 11% 12 29% 29 3 29% 10% 36% *36 37 27 *26'% 27 81 % 81'A 81% 82 82 11% 11% 11% 11% 11% 29% 29'A 29% 29'A 900 1,100 10% 29% 3,100 10% 10% *35% Young (L A) Spring 6c Wire_No Par 81% 11% 29''a 8 1 11 Va 11'A 11% 11'A 11% 8,700 *36'% 36% 37 'A 3 7'A 37 37 200 27 26% 27'A 2 7'A 27% 27'A ■27% 2,400 75% 74% 76% 75% 77'% 75 Va 75'% 8,300 6,000 Youngstown Sheet St Tube No pax 75% 75% 74''4 Youngstcwn Steel Door No pax 12'% 12% 11% 12'/a 11% 12% 12% 13'% 12% 13 32 32% 31% 32 Va 32 32% 32% 33'A 33 33% 8.000 4% 4% 4% 4% 10,300 15 8 33 Va Dec 23 Zenith 4% Oct 13 Zouite this- day. 17% 70% 74 CO 14% Jan on 18% 70 >/a 74. 17% 18% 21 77% Dec sales ft 18 70% 74 Va 74 Mfg Go 13 110 No pax 18% 71% *73% *70 Corp common 4%% conv preferred 20% July 13 3% Feb t Ex-rights. Towne No pax York 10% Jun 28 July prices; 13 53% Jun 6% May and Jun 16% Jun xlS% May Dec dividend. 8 30% May 13 Aeronautical 17% *70 74 *81'A common No pax pfd 4%% series IOC pfd 4 Va % conv series 188 Feb 18 71% 18 Va Machinery 66 11% 3% 9 08 Mar 19% 29 July 69 8 13% 18% Dec 96% July Jan 60% Mar 68% Jun Radio Corp— Products ?In receivership, or .NO POX petition has 4% 1 Corp. been filed for company's reorganization, a 4(5 4% 4 Va 4% 4% Deferred delivery. rCash sale, s Special sales, wd When distributed, x Ex- Volume 171." Number 4871 THE Bond Record Italic letters In the column ~ ■ New York Stock «» FRIDAY The CHRONICLE FINANCIAL & COMMERCIAL headed WEEKLY - Period" "Interest In each er one Exchange YEARLY - indicate Flgares after deoimal point repreeent more when the bonda mature. the month case 32d of point. a LOW Bange for Previous GOVERNMENT Year 1948 Loweet 105.1 Range for Year Lowest UirheKt 1010 NEW hi|u«it YORK Saturday Monday Jan. 2 Jan. 8 *»»» EXCHANGE AND Low Hlfb Thnrsday Low High Friday Jan. 5 Jan. 4 Low High HIGH SALE PRICES Wednesday Tuesday Dec. 81 BONDS STOCK (119)"'19 L«w Hirh Sales for Jan. 6 High Low the Week High Bonds (S) 105.28 Mar 2 103.28 Dec 2 Treasury 3s_ *103.23 103,25 103.25 ♦103.22 108.13 Jan 26 108.13 Jan 26 Treasury Treasury 2%s 1955-1960 *109.15 109.18 *109.15 109.18 *109.15 109.13 *109.16 109.19 *109.17 109.20 2%s 1951-1954 *102.26 102.28 *102.25 102.27 *102.25 102.27 *102.24 102.26 *102.24 102.26 Treasury 2%s 1056-1959 *110.28 110.31 *110.29 111 *110.30 111.1 *110.30 111.1 *110.31 Treasury Treasury 2%s —1958-1963 *112.4 112.7 *112.5 112.8 *112.7 112.10 *112.7 112.10 *112.9 112.12 2%s 1960-1965 *114.3 114.6 *114.6 114.9 *114.8 114.11 *114.8 114.11 *114.10 114.13 Treasury Sep 103.28 Dec 108.28 May Sep 107.4 2Vas ,1950-1952 *101.8 101.10 *101.8 101.10 *101.8 101.10 ♦101.7 101.9 *101.7 101.9 14 Treasury 2V2s 1952-1954 *102.23 102.25 *102.23 102.25 *102.23 102.25 ♦102.24 102.26 *102.23 102.25 3 "Treasury 2%s 110.23 Mar 11 110.23 Mar 11 102.23 102.31 Jan 102.23 Sep Sep 3 104.9 101.7 Feb 101.19 Jun 102.1 MarTl 103.8 July 25 101.11 Sep 101.10 Jun 100.24 Mar 102.31 Jan 14 104.9 Feb 104.15 Oct" 18 103.8 July 25 *103.24 1951-1955 103.26 1956-1958 *106.5 106.7 *106.4 106.6 *106.5 106.7 ♦106.5 106.7 *106.6 106.8 1962-1967 *105.19 105.21 *105.18 105.20 *105.19 105.21 *105.20 105,22 *165.20 105.22 —1963-1968 *105.2 105.4 *105.1 105.3 *105.1 105.3 *105.2 105.4 *105.2 105.4 *104.21 24 Treasury 2y2s 100.25 Jan 100.26 Apr Sep 100.24 Sep 101.12 Feb 9 101.13 Jun 100.16 Sep 101.12 Jun 101.7 Feb 7 103.2 Aug 2 Treasury 2V2s 100.7 Oct 100.27 May 100.18 Jan 6 103.19 Dec 7 Treasury Treasury Treasury Treasury 2V2s Jun 2J/2s Sep 2y2s Dec 1967-1972 2y4s_ 1951-1953 *102.24 102.26 Treasury 2'/4s 1952-1955 *102.13 102.15 Treasury 2V4s 1954-1956 *105.22 105.25 102.26 May 101.14 Jun 100.28 Jun 102.13 July 103 14 102.30 Feb 9 100 Mar 100.4 May 100.13 Jan 20 100 Mar 100.2 Feb 100.17 Feb 9 Sep — 2>/2s Jan 100.23 111.2 2%s 100.23 Oct 103.24 Treasury 100.23 100.7 *103.22 103.24 Treasury Treasury Treasury Jan 102.26 May *103.23 Aug 105.4 8 v mrn Dec ; *104.22 104.24 STOCK *104.21 104.23 104.23 *104.22 104.24 *104.22 104.24 *104.17 104.19 EXCHANGE *t04.16 104.18 *104.17 104.19 *104.17 104.19 *104.17 104.19 *104.13 104.15 CLOSED *104.12 104.14 *104.13 104.15 *104.14 104.16 *104.14 104.16 1966-1971 Jun 2Y2s 1964-1969 1965-1970 2y2s *104.11 104.13 *104.10 104.12 *104.11 104.13 1967-1972 *103.27 103.29 *103.26 103.28 *103.27 103.29 *103.28 103.30 *103.28 103.30 1967-1972 *105.31 106.1 *105.30 106 *106 106.2 *106 106.2 *106 106.2 *103.27 103.29 *103.26 103.28 *103.27 103.29 *103.28 103.30 *103.28 103.30 *102.23 102.25 *102.23 102.25 *102.22 102.24 *102.22 102.24 *102.13 102.15 *102.12 102.14 *102.13 102.15 *102.13 102.15 *105.21 105:24 *105.20 105.23 *105.20 105.23 *105.20 105.23 1964-1969 NEW YEAR'S DAY 104.14 ♦104.12 *104.12 Treasury 2y4s_. —1956-1959 *104.31 105.1 *104.31 105.1 *105 105.2 ♦105 105.2 *105.1 105.3 102.30 Sep 20 Treasury 2'As Jun 1959-1962 *103.11 103.13 *103.10 103.12 *103.11 103.13 *103.11 103.13 *103.11 103.13 14 Treasury 2'/4s Dec 1959-1962 *103.9 103.11 *103.8 103.10 *103.9 103.11 *103.9 103.11 *103.9 103.11 100.11 Aug 10 Jun jTreasury 100.31 Sep Sep 100.7 100.16 Oct 9 100.12 *100.10 100.11 *100.10 100.11 *100.10 *100.23 100.24 *100.23 100.24 *100.23 100.24 *100.23 100.24 Treasury 2s ,—1951-1953 *101.11 101.12 *101.11 101.12 *101.11 101.12 *101.11 101.12 *101.11 101.12 2s_— —1951-1955 *101.18 101.20 *101.18 101.20 *101.17 101.19 *101.17 101.19 *101.17 101.19 2s Jun 1952-1954 *101.27 101.28 *101.27 101.28 *101.27 101.28 *107.27 101.28 *101.27 101.28 Treasury 2s Dec 1952-1954 *102.4 102.5 *102.4 102.5 *102.3 102.4 *102.4 102.5 *102.4 102.5 2s 1953-1955 *103.26 103.29 *103.25 103.28 *103.24 103.27 *103.24 103.27 *103.24 103.27 iy2s 1950 *100.13 100.14 *100.13 100.14 *100.14 100.15 *100.14 100.15 *100.14 100.15 26 101.18 Feb 101.18 Feb Jan *100.11 160.24 Treasury 101.19 July 26 100.11 *100.23 9 101.18 July 100.30 Jan *100.10 1950-1952 Treasury 101.26 May Mar 1950-1952 Sep Treasury Dec 2s 2s Treasury 101.7 101.8 101.8 Apr International Bank Reconstruction 94.10 r 98.30 May 98.24 Jan Jan 99.11 Jan 101.3 10 99.30 5 Jan 04.14 May Dec + 9 103.16 Dec 30 "Bid and asked price. No sales transacted Registered bond, transaction. & for Development 10-year 2'/4s 1957 *101.2 101.4 *101.2 101.4 *101.2 101.4 *101.2 101.4 *101.2 101,4 25-year this day. 3s 1972 *103.12 103.16 *103.12 103.16 *103.12 103.16 *103.14 103.18 *103.14 103.18 tCalled for redemption: Treasury RANGE Friday Interest BONDS New York Stock -Period Exchange -Last or Sale Price 2s March WEEK FOR March 1950-52, ENDED at 15 JANUARY Friday's Sold Year 15)49 No. Low Bid & A.vked High Feb. 17 15 104 109 32 at 1950 Period Last Sale Price or a Odd lot transaction. 15 June-Dec series No. 16 —-June-Dec *63% 33/4s series No, 19 ^June-Dec *64 June-Dec e63 June-Dec 67% *67 3%s series No. 22 June-Dec 3%s series No. i 23 3%s series No. 24 65% 58% 65 59 % 11 65 • - •66 6b ■ — 60% — 67 55 y. 67% 55 ya 7 66 *66 June-Dec . 64 June-Dec 3%s series No. 27 — 65 58 ■ *63% —June-Dec ___ 3%s series No. 26 •• 67 65 60 65 ' June-Dec 33/4s scries No. 25 i e(53 65 % 65 Ms j! High 59% ' 65 % *63 % June-Dec : Low — ' *63% 3y4s series No. 21 Year 1949 No. 64% . June-Dec Range for Sold ked High *63% 33/4s series No.. 17—___,V3%s seriei No. 18— Bonds Friday's Bid & A Low 3%s series No. 20 Foreign Securities 100. Week's Range High 3%s 10812 109*% Interest New York Stock Exchange 33/4s series No. 109'% 1957, 6 BONDS Range for City June-Dec 2y4s Friday Bonds Transit Unification Issue— 3ft Corporate Stock 1980— International Bank 100, Week's Range Low. New York — —I — 101.3 101.13 Mar Sep — 104.14 Treasury 100.31 4m - June-Dec 60 66 65 1 66% 66 *64% 70 57 58 y4 —' 64 *63% 65 60% . 3%s series No. 28 REctor 2-2300 120 New c63 066 3 59 65 66 66 66 5 58 •65 June-Dec e63 65 23 60% 65 Brisbane Wertheim & Co. Members c66 JUne-Dec 3%s series No. 30—— Telephone June-Dec 3%s series No. 29 (City) Caldas Broadway, New York NY 1-1693 (Dept of) Canada 3'As 2%s ACarlsbad * (Colombia) Feb-Auy April-Oct *70 — 70 *70 — 72 (Kingdom of Norway) 4s 1963 gAAntioquia (Dcpt) collateral 7s A 1945 ii AExternal §AExtcrnal AExternal 7s ser B sinking fund 7s sinking fund 7s 62 A External sec 3s 30-year s f $ bonds (City) Australia external 7s — 94% — — 9 37% 47 47 23 37% 46% 46% 8 37% 46% 46% ' 47 46% ' — % 46% 47 15 37 46% 47 —' 47 9 37% 1957-April-Ocf 46% 46% 2 ■37% 46 % 1957_April-Ocf 46% 46 % 1 37% 46 % 5s Jan-July 35 35 June-Dec 1955 Jan-July 10-year 3V4s 1956, 35 5 103% 103% 102% Feb-Aug 24 uo lud 102% 103 120 97% 103% 95 7 89% 97% 94% 10-ycar 3y4s 1957—! June-Dec 95% 95 95% 6 20-ycar 3y2s 1967 June-Dec 91% 90% 91% 73 91 91% 27 90% 91 29 82% 93% 11 102% 113 % 8 110% 121 20-year 3%s 1966__ June-Dec 91% Feb-Aug 90% 15-year 3%s 1962 Belgium (Kingdom of) External gABrazil Stamped external 3.5ft) f 6'/2s of pursuant reduced to s Stamped f reduced A June-Dec Plan to A 3.375ft) A 3.5ft) 55% *73 — 1957 April-Ocf 80 — 92% 84 93% 60% 75% 55% 1 45% 56 73 — 62 46 73 1 53 54 15 43 reduced Plan to 3.375ft) 1979 External dollar bonds of 1944 A — April-Ocf (Plan B) 76 1 61 June-Dec __June-Dcc . 3%s series No. 4 June-Dec 33/4s series No. 5 June-Dec ~ 46% 59 51% 11 42% 68 1 62% 68 7 59 65% €5% 66% 6 57% 69 58% 69 — *66 -June-Dec 69% 69% 63% footnotes see 70 e69 % e69 % June-Dec 12 67 *66% €9 % 1 36% 2 28% 5 25% 28% 28% —- 28% 28% 28% 28% l, 36% 36% 3 *28% Mar-Sept *36% 1961 Mar-Sept 1962.— AExternal sinking fund 6s 1963 26% • 28% 1 2 37% 29% 34% — 28 37 25% 29 35 ya *36% 36% 25% 29 34% 28 Map-Nov 29 34% *36% April-Ocf 37% 26 28 % April-Ocf — 37% 29% 34 ; „ Jan-July 1961 28% 25% 2 *36% Feb-Aug 37 34 v4 ' 1961—Jan-July — 59 35 - 36% ' A 6s Extl AChile assented sink 1963 fund A6V2S assented 2-3s 1993—June-Dec 6%s assented A 6s — 1957 A 6s , 1961 ApriZ-Oct : 34% *36% *28% 29 37% 26 29 35% 36% 26% 28% 29 7 *36% *28% Mar-Sept 37 26 29 28'/a May-Nov —Mar-Sept 1962 29 34 *28% *36% _Afay-Nov sinking fund 6s 1962— assented 37% 26 40 29% 34% *36% April-Oct 29 25 55 27% *28% June-Dec 26 29% 26% *36% June-Dec 1961— sinking fund 6s 1961 assented AGuaranteed 27,/B Jtme-Dec June-Dec 1957 ASinking fund 6%s 1961 AGuaranteed *28% May-Nov dollar bonds Mortgage Bank 6'/2s — *.• A7s Consol assented Municipal 7s I960. 1960 35% 37% 26 —— ■ 29 For Financial Institutions FOREIGN SECURITIES FIRM TRADING MARKETS 73 69% 1 FD% 73 64 6 58% 65 22 58 66 1 59 67% 67 67 66% 66% 66 % ■ — *63% HARL Mams FOREIGN SECURITIES SPECIALISTS 73 58% 67 June-Dec 73 62% 4 June-Dec page 69 13 69% June-Dec —^ 3%s series No. 14 _ ■ % 69% 10„ 68 66 June-Dec 3%s series No. 11 53 65% —June-Dec For 5 69 - % June-Dec — 13 35 71 57% 21 — *65% 66 3%s series No. 8 3%s series No. 35 *36% Feb-Aug 1962 53% 51% 3%s scries No. 9 3%s series No. 1961 54 y» - 36% 35 May -Nov — 1961 Sept ' — 75 *56% -- —June-Dec 3%s scries No. 102% *58 May-Nou 1961—, — 33/4s series No. 2 33/4s series No. 7 108 % 100% (interest 3%s series No. 1 3%s series No. 3 6s Feb 55% 76 53 June-Dec to 104 % 104 % 94 (interest 1978 pursuant 101% 27 75 53% 73 funding bonds of 1931 due 1951. Stamped 23 April-Oct sinking fund 6s assented - 102% 102 April-Oct ■ sinking fund 6s Sept assented - 55% 60% A6s 5 75 53% — April-Ocf A f 7s 1942 s 1960 assented Feb AOs 35 (interest June-Dec Plan external A6s assented Jan AExternal 102% 35 .107% 107% 102'/« Ja7t-July : ARy external sinking fund 6s Jan AExternal 101 y2 100 (interest 1952 to *75 95% 84% A 6s 35 98 9 101A 102% 102% 30-yr 3s s f $ bds 1978-Jan-Jw/y AExternal sinking fund A Chilean _April-Ocf 1979 pursuant ■ — June-Dec due Plan 115% 116% — 89 (interest 1957 1979 1927 106% 106% April-Oct due to (Central Ry) Stamped 1926 3.375ft ) reduced to June-Dec 1941 1978—, 6y2s of pursuant 8s Plan to to s Stamped AExternal of) pursuant reduced 5ft Jan-July sinking fund 7s 1955 (U S AExternal A7s 1955 6s 1954— sinking fund 6s 1960 assented 101% 8 101 Jan-July April-Oct .\ § A 7s assented 1942 62 81 ser 1958 (Commonwealth) — 3rd ser 1973 5s 46 , 46 % sink fund 7s 2nd AExternal sec sink fund Jan-July Jan-July 1945—Jan-July 1945_Jan-July 1957—April-Ocf ser 1960 97'/a 8 101% 102 101 3*a Mar-Sept 8s (Republic) A6s *93 D ser sinking fund 7s 1st Mar-Sept 1945 C ser 4s f $ bonds 1919^ Jan-July 1974 (Dept of) AExternal " Akershus § AExternal sinking fund Feb-Aug — sinking fund 6s 1947 sinking fund 6s 1948 AGuaranteed of) s 101% 102 Mar-Sept June-Dec 1961— (City) Val JAChile AGuaranteed Antwerp Cauca Government and Municipal 30-yr 3s (Dominion 25-year Agricultural Mortgage Bank 1957 Sinking fund gold 6s 1950—- 25-year Foreign sinking fund 5s Sinking fund gold 5s 1958 Teletype York Stock Exchange 64% — 55 % 50 Broad St., New York 4, N. Y. Telephone HAnover 2-005© Teletype NY 1-971 66 23 j =3. ...vi-' ■i . i • v- • r 20 (120) THE COMMERCIAL NEW YORK RANGE Friday BONDS Interest New York Stock Exchange Period (Hukuang Ry) Colombia 1928 Oct of A6s Bonds ENDED Year 1949 No. Loio High 4% 1927 Jan April-Oct 5 1961 Jan-July - §ASinking fund SASinking fund 7s of due 1926 7s of 1946 due 1927 70 70 42 40% 42 San 46 Va 7a (City) 5s 1952 25-year gold 4VaS 1953 417a 417a June-Dec 78 78 V* 6 68 3/8 84 72% 78 72% 7 633/8 79 20 Vi 35 127a 243/a 104% 11378 ...May-Nov ACosta Rica 19 (Republic of) 7s 1951 __May-Nob (Republic of) 4J/2s external 1977-'—June-Dec Vi 114 *110 1962 ! 55 " 91 2 94 91 21 857a 86% 757a 867a 77 30 A4Vis assented County 837a External 4s _ extl Greek . dollar s 3Vis extl 3s extl 3Vis — f f dollar bonds Jan s bonds f dollar s AEstonia (Republic of) Jan bonds Jan (Republic of) 7s 1976 1 1 *7374 Jan-July 577a Jan-July . 55 45 Free Italian State extl (Republic) 1% §A7s Italian to 3 % fund f s 5s l-3s for series B Public 9 AMedellin 57* 10074 '/ 143 38 397a Mar-Sept 39 Va *60 — 111 3% to 1977— 397a f ..Jan-July Water 5y2s 672s bonds $ " 61 ' Bosch American & 59% 1954 1978—— Sewerage 62 & 1 62 2 ' 12 3/4 —June-Dec Jan-July 4774 28 7a 40 62 V'a 7 21 3774 2%s 2%s 12Va — — -- 101 11 0974 (1922 agreement) small 1943_ . ANew assented §A5s of 1899 due ASmall §A5s "53/4 1968—Jan-July — —— 5% • "474 — "*5 7a 47a 20 ■ " — 4Va ___ ! — (1922 agreem't) 1945—Quar-Jan ALarge ! ASmall __ 157a — 11-1 in 1 Atlantic 1 — assented new (1942 ALarge General *93/a ASmall - — A4s of 1904 (1922 assented agreement) A4s new assented §A4s of 1910 ment) 11 87a 7% due 1954— (1942 agree't) to 1922 — June-Dec 63/4 1968—Jan-July "574 "574 ■ — 57a Jan-July -— (1942 agree't) ASmall *7% 1963—Jan-July 6s of agreement) 1913 (assented to 1933 8 3/a 77a. -- J A Treasury 6V2 .• (City of) ASecured 6%s Jan-July — 8 — agree't) 1963_„Jan-JnZy 1952 Stamped pursuant 30 — 6 April-Oct fund 6s Plan to pursuant 87a 5s 1955_ 26% pursuant extl extl f s s f A4 Vis assented Plan 6s A reduced to 2%) 1 88 997a 4 83 7a 9774 93% 94 Va 7 807a 963/4 Beech 80 933/4 Bell *91 98 __ *94 7a — to loan Plan 1936 98 1 — 83 98 817a — 96 Plan 89 82 —~ •' ' 1023/4 -.-4 31 __ Jan-July 16 213 106% 106% 36 10374 117 1073/a 115% 117% 416 106% 1167a 103% 103Vi 1037a 105% 105% 33 103 1047a 102% 1057a 74 7a 81% 105Va 1 IO2V4 *75 . 80 __ 4 80 1 82 10 131'/a ll9Vi 1297a 131 Va 20 119Vi 119% 11 110% 69 92 122% 1297a 109 119 '/a 102 7a *104% 105 __ 103 104 7a 1952—Mar-Sept 103 Vi 103 103 Vi 61 1017a June-Dec 105 7a i03Vi 102Vi 103% 32 93 7a 103% 102Vi 102Vi 5 99% 102 7a 1966—-Jan-July __ 91% 90V4 92 116 967a 967a 97 29 June-Dec 64 60 64 175 .Mar-Sept 63 March due Dec Like 1995 1 income Erie div first fixed & 1980 Extension series Telephone of Pa Industrial 4s 63% 295 49'/a 62% 5972 6372 57 493/4 63 73 1/2 6974 73% 191 59 7a 73 May 52% 49 % 52% 496 39 7a 52% 8 75% 86 31 60% 74 66 r- CO May-Nob 86% 87 1980. Jan-July 68% 70% 1985_Jan-July 79% 80 A ser D 1951 2 5s 90 90 90 91 1951——AprtZ-Oet *98 1960 121% 121% Jan-July 3.%'s series Loan 90 Jan-July first 63 7a 59% division 4s 497a % — 5% conting. int) M 96% Virginia— mortgage ref 89 7a . 6372 2010. 1 80 837a .—June-Dec ._ Feb West & 1 Va % and 2000 1 1 1996_; Mar-Sept mortgage 6% (27s % contingent interest) — 33/s% J Creek 3V4s Jan-July C 2 7>s debs April-Ocf 1961..May-Nov — *99 sinking fund debentures 1964——Feb-Aug 8 80 2 95 80 V2 2 99% - 104% 105% 95 97 Va ' - 7a 100 119% 122 % 9 4 3/4 99% 102% _ — 105 V'4 uonsoi mortgage 23/4s Consol mortgage 2%s series Consol 35 42 l/a 33 177a 22 7a to Plan 22 74 2 223/a 45 1774 223/4 22% 22 22% 45 1774 23 *8 8 *8 67a *14 8 15 1474 16 8 8 (4 7 5% 9% 1 97a 19 774 7% 77 67a *31 35 37 277a — 35 35 9 — *50 14 *38 39 317a 39 — 2%) stamped to Plan 2.5%) — - to Plan pursuant to Plan reduced to 2.5%) 1999 page 23 A Pittsburgh modified 4'/2s first 4s 1957 —_ 1952__ 1955 5s Terminal .May-Nov ApriZ-Qot Buildings gtd 5s 1960 76 45 321/2 45 537a Electric Power first 3s 1976—-June-Dec California Oregon Power 3 7as 1974 _May-Nob Canada Southern consol gtd 5s A 1962 ApriZ-Oct 29 40 Canadian 40 43'/4 43 V4 317a 317a 487a — — r34 7a *30 60 7a — T Financial — -- 59 7a *69 *57 48 7a CO 1959 ApriZ-Oct ■ National Ry— 5 37 43 gold 4 72s 1957 gold 5s 1970 247a 353/4 Guaranteed gold 4%s 397a 48 Guaranteed 27 7» 37 Gqarqnteed 69% * (interest 2 100 70 7a 83 7a 44 59 74 35 7a *100 1 u4 Va 100'% 100% 105 7a 35 7a 103 Va 102 1057:! 4 97% 10174 101 Vi 10 9074 101% 102 7a 102 7a 65 5 9 8 3/8 1027s 63 65 44 98 Va 99 50 3/8 1 100% 8 102 74 102 74 91 Vs *106 1057a 64 1027a 99 105 106 7a 100 *1017a 102 —— 3574 253/a 577a 53 70 34% 60 — 46 68 First — 33 7a 61 Celotex 2 — — 59 104% 105 __ 69% 90 2 — 41 79 66 90 ()8 69% 5 41 79 10 *1041% 10 J. 7a 102 100 99% 102 1017a 28 103 J/a 104 943/4 104 3/a • 115% 115% 105.% 1 1137a 115% 105 ft 108% 113 7a 113 7a Feb-Aug ..June-Dec — 1 111% *— 1133/8 113% 21 111% 113 7a 113% 104 %■ 1053/a 105 20 1043/4 106 3/a (perpetual)—Jan-July 100% rH O O nN vei 190 93% —Mar-Sepf 75 74 74 74 76 V4 92 —Mar-Sept .—Mar-Sept 87% 83 88 63 Feb-Aug Mar-Sept debenture stock O rH Capital Airlines, Inc— 4s debs series I960— A 4s cunv inc debs series B Clinchfield & Oho Carthage & Adirondack mortgage 1960 4s 1965_ -- *107 7a 108 guaranteed 4s debentures 1965 1981 June-Dec *53 104 104% *102 3s First 3V4.s mortgage series 79% 1063/4 597a —April-Oct debentures I960——Feb-Auy debentures "(1947 issue) I960.' Feb-Auy §ACentral Branch U P first gold 4s 1948—June-Dec Central of Georgia Ry— Corp Corp 74 Ry— A 1995_ — __Jan-July AGen 693/4 76 53 .. conv 1 Jan-July ' *10472 105 —Jan-July . 1955 gold 4 72s 1956. Guaranteed gold 472s 1951 Canadian Pacific Ry— 277a 60 7a 60 — — 87 102 7 . 35 2 1 *67 Va 693/4 101 ' . *58 105 '/a 82% 4 90 r483/4 3 7tS Jan-July Jan-July 10 101% 100% 104% Corp— debentures Carolina — 97% 101 C I 25/as 4% __ 82 V'a 76 53 April-Oct 243/4 *38 7a — 97% _ 1 102 6 -Jan-July Guaranteed — w Ry— 1 A 1999 & 81 102 __. 32 *53 — • 50 Bush Celanese May-Nob 1950 Stamped Rochester 82 V2 California — 31 : 105 39 (interest 2012 to _ 337a — pursuant reduced A mortgage 4s series RR I960— .Jan-July mortgage 472s series A July 1970- May-Nov (Ernesto) Co 7s 1954 _Feb-Aug Bristol-Myers Co 3s debentures 1968— ApriZ-Oct 27 . May-Nob 105 ApriZ-Oc^ 32 -- 1007a 101% 1003/a _May-Nob _ "2 (interest 2001— .Mar-Sept — 45 (interest sinking fund 1957—_May-Nov 1967 447a — (interest 1966—__May-Nou AC series First Terminal 10174 .May-Nov 1979—. .Jan-July ABreda Bush 37 27% — 1970—__ .Jan-July 1976 RR— mortgage Stamped — I J K Brooklyn Union Electric first gold 5s 1950. -Feb-Aug Brooklyn Union Gas 4s debentures 1969.. Mar-Sepf General mortgage 2%s 1976— .Jan-July Buffalo Niagara Elee first mtge 23/4s 1975 May-Nov 15 97a Maine series series AInc 107a ■ — A & 3s mortgage 5s series II 1955 First mortgage 43/ts series JJ 1961— C Feb-Auo A Boston mortgage First 22 74 — Corp— 94 22 __ Steel 106 74 22 April-Ocf —Feb-Aug A 110 257a (interest due Plan 2.375%) see July 1995 March Consolidated June-Dec 1926 to pursuant For footnotes 1 due lien Beneficial 1 — 31 A A 1953 2012 pursuant A8s external Dec refunding stamped 1951 4s A April-Oct (interest 2001 Plan to of secured (State of) (interest 93% *41 -- to to 103 7a 102Vi 109% 110-% April-Oct 1964— L/uasondated Buffalo A Plan to pursuant reduced Paulo - *102(4 April-Ocf 2.25%) 2004— .June-Dec 7s 1967 stamped pursuant to Plan A (interest reduced to 2.25% ) 2004—_June-Dec ARome (City of) 6 Vis 1952 ..April-Oct, ASao Paulo (City) 8s 1952 May-Nov 8s 94 102Vi 106% Bangor & Aroostook RR— 3/g 96% to to due Cincinnati First 947a 1961—April-Oct 2.5%) 1999 —April-Oct external sinking fund gold 1968 June-Dec Stamped pursuant to Plan A (interest San 97 95 A6s Stamped 33 '/a 927a 21 nrst 1946——April-Ocf reduced 13 % % 955/a 1959—Mar-Sepf gold 6s 1940 6Vi% pursuant Stamped S'western 437a 95 7a —w' Mar-Sepf 2%) 2012— Rio Grande do Sul (State of)— §A8s external loan of 1921, A6Vis extl 327a (interest to reduced 101 110% 1962_.ApriZ-Oct : debentures due Pittsburgh 9674 - I960—..June-Dec pursuant pursuant external 2%s M and 447a 257a 95 2nd series 6s secured Stamped 33 -'r- 1st series Stamped pursuant to reduced to 2.375% ) reduced 92 June-Dec 1995——Quar-Jan 4s K Series . 37 -- 97 7a *90 74 (interest reduced to 2.375%) 2001 1966 stamped pursuant to Plan (interest reduced to 2.25%) 2006— §ARi0 de Janeiro (City of) 8s 1946 Stamped 97 7» *105 V'4 7Vis . 58% fixed Toledo *31% 97 72 May-Nov 1958— stamped reduced ■ June-Dec April-Oct § AStabilization loan sink fund 7s 1947—April-Oct A4Vis assented 1968 ApriZ-Oct AExternal sinking fund gold 8s 1950 Jan-July A4Vis assented 1963___ _4_ Jan-July Porto Alegre (City of) — Stamped consol general 38 — 33 *44 1967—Mar-Sept _Mar-Sept 7s 1947— to §APoland (Republic of) A7s '■ and Bethlehem to 2.125%) 2008 (Republic of) external 7s loan 5 Fe— Refunding 4s series A April-Oct reduced AExternal — — . Mar-Sept 1963 §APernambuco (State of) Stamped 98'/2 1077a 100% 100'/a 96Vi — AStamped assented 1961 113/a G Series Ref 257a -. — . .April-Oct Stamped mod 3 Vis ext to 1994 External secured ref 3Vis series B ANat loan ■ — *31% May-Now fund 4Vis 1965 (City)-sinking fund 4Vis ANat . *60 -- sinking fund external loan 1963 Feb-Aug 3Vis sinking fund external 1957. __ApriZ-Oct Municipal Bank extl sink fund 5s 1970—June-Dec APeru 974 117a A 4s (Republic) 1013 4 4007a Refunding and general mortgage 5% (2%, fixed and 3% contingent interest)—■ (interest to 2.125%) (Kingdom) 3%s 1957— (Kingdom of) 4Vis 1956 Panama 13 *44 7a -- (interest 2008.— Mar-Sepf reduced External sinking 94 7a 61 88 >/4 April-Oct 8% 974 :: 11% *10% — 1958—Mar-Sept A Plan to Netherlands Norway ~8% 107a — *1078 reduced to 2.125%) 2008 „.Mar-Sept ASecured extl sinking fund 6l/2s 1959 Mar-Sepf Stamped 100Vi 1007a 1017a April-Oct A4V2S convertible sinking 100% 93 B (State) extl 10174 23 Baltimore & Ohio RR—First mortgage 4s series A July 1975——April-Oct First mortgage 5% series B (4% fixed and 1% contingent interest 1 July 1975. Series __ Minas Geraes July 4Vis A Refining Series assented (1942 new ASmall AMilan Atlantic 1922 ASmall A8s 92 265 77a 4 26 agree¬ ______ assented new 76 39 gia/4 99% 100 11 — ASmall A4s 3s 11 11 74 unified 91 99% 1959——June-Dec 1966 Santa first 39 <5 to (assented 1945 ~7 7a 11 *93/8 1963—Jan-JuZy 11 *978 agree't) ____. Coast 75 97'/4 Atlanta 1 — i 100% 9 95% 107% 108% 1995_ 4s 807a 98% *99% 100% .91 April-Ocf 4s 5s Topeka & 66% 5 —-ApriZ-Oct debenture gold 102% 11 96% 1969 first 75 108% 100'/4 __ 1047a 104 7a 100% 100% 95 57 103 108'% 1957_ debentures Products Co \ Juiie-Dcc Stamped 4s July 1 1995— —May-Nov & Charlotte Air Line Ry— First mortgage 3%s 1963—___________May-Nob 1 — A5s Arbor W P General 1 — A Quar-Jan _ assented debentures Ann 3674 II 74 __ —Feb-Aug) 1973— convertible Atchison 1945 ! ALarge ag.reem't) — 9% June-Dec Convertible debentures debentures 5% June-Dec 37as 3s L-i ti Co— 1987 Co 6 11 *102% 951/2 1982— debentures Tobacco 81 Jan-July debentures American . June-Dec 1961 23/4s — (1942 ASmall 1968 Mexico (Republic of) 1943—May-Nob i.U 70 *58 1966 — 102 88 817a *106% 107 100% April-Ocf debentures 23/4s 101 — 89% 88 82 *103% __ 1964...May-Nhb 2030—..Mar-Sept 867a 79 *6'/a __ . April-Oct 5s 79'/a COMPANIES Mar-Sept 1986 convertible 3Vis 1950 A4V2s deb 130 7a 787a *7 ' 1956 1975 debentures 2%s 467a Mexican Irrigation— §A4V2S assented deductions " INDUSTRIAL May-Nob 83 83 *84% *76 Vi __ Jan-Ju..y AND 83% *80% f debs s Power aJ 130 — *80% __ 1998 Telephone & Telegraph 23/4S debentures 1980— 15 Va 90 ~ 83 l_I 1978—.Feb-Aug 1967— 27as *34 7a — Drainage ! ApriZ-Oct 15 46 3/a 4774 Corp 3%s Foreign *130Vi *121 __ Feb-Aug _Feb-Aug American 117a 11 *126 3Vis 1972.Jan-July 4Vis 1975—_April-Qcf RR 117a 6 97^ __ ....April-Oct 3V4s 5% 5-% 8 93 __ mortgage Susquehanna American 38% 277a & 76 *91 __ May-Nov 1978.-June-Dec 1958 & Western 1st gtd 4s Allis-Chalmers Mfg 2s debentures American Airlines 3s debentures 58 3/4 1674 ' 56 first . 1952 s 39% Southern 45 85 79 12 *7 __ May-Nov 1952 Power 12% 12Vi 55 38 — 1984 Alleghany 38% 26 -- 37% 61 —Jan-July 7s Great Albany 40% 167a Co Alabama 1013/a 18 A Adriatic Electric 22 11% Feb-Aug 1979 7s 69% *10 May-Nov May-Nov 1958 Alabama 10 Va 65 53 44 40% 127a 6 91 64 *102 43 Jan-July — 1% (Colombia) Metropolitan Board 44 ' 10% ' 1937) RAILROAD , Utility— 7s 30-year 3s 8s assented A4Vis Works Altaly (Kingdom of) 7s 1951— —June-Dee A Jugoslavia (State Mtge Bank) 7s 1957—-ApriZ-Oct Oslo external 79 11 12Vi __ Jan-July 1979 14 — 12 V2 7a *55 Jan-July 1947 11 10 3/8 I960—-May-Nob 1977- Public 1977 Credit Institute AExternal sink extl Consortium 12 May-Nov ...June-Dec conversion (City) 48 82 June-Dec 1964 readjustment 78 7a 68 69Vi 6.9Vi .-..May-Nov 52 '/a 10 AWarsaw 617a 1 49 Va 15 external High 58 — readjustment Government— Italian Credit „ 77 ~1 57% *1174 ■ — A7s participating paid 1964—May-Nob A6s participating paid I960—-.— Feb-Aug Helsingfors (City) external 6Vis I960— __April-Oct Irish 71 49 7a 1976-—Jan-July 1976 ——Jan-July 1 1967_. 77 6s conversion external Low 35 __ April-Oct 1957- readjustment 3%-4y8-4fts external 4-41/4-4Vis El. Salvador 3Vis (dollar bond of External Year 68 ■ ...Jan-July 2012 !__ fund Ranijc for Soul No. A 2%) 1958 sinking 3%-4-4Vis 90 74 64 3/a . Plan (Kingdom) Council Bonds High * 2004—Jan-July 1968 gAUruguay (Republic.) external 8s 1946 AExternal sinking fund 6s I960— 97% 743/a 159 2.25%) to Slovenes .Mar-Sept secured external 1962—, series B secured external 1962 ASilesia (Prov of) external 7s 1958 63 817a Fridays Bid & Asked A A7s — 50 to reduced & AExternal —Feb-Auy April-Oct gold 5Vis 1955 35 *50 gADenmark 20-year external 6s 1942—-—Jem-June External 35 to loan pursuant Croats Sydney 35 pr Sale Price — A8s Oundinamarca (Depc of)— 30-year 3s sinking fund $ bonds 1978 Jan-July Czechoslovakia (State) — Stamped assented (interest reduced to 6% ) extended to 1960 April-Oct Week's Range Last Period j.aob Plan to dollar (Interest Serbs 4oau reduced external Stamped 47 (continued) water pursuant (Interest AOs 477» *47 Vi (State) external Stamped 49 *47 Vi Feb-Aug Copenhagen External gold 4Vis Paulo 82 7a 42 *471/2 Interest Low 82 357a *78 42 Friday BONDS New York Stock Exchange 73/4 May-Nob 1947 « High 3 6 *78 sinking fund dollar bonds 1970—April-Oct fAColombia Mortgage Bank 6Vis 1947 April-Oct Monday, January 9, 1950 RECORD JANUARY A7s 1961-.. CHRONICLE Range for Sold Friday's or Bid & Asked June-Dec 3s ext Cuba BOND WEEK (Republic of)— of A6s 5s 1951 FOR FINANCIAL Week's Range Last Sale Price Low AChinese & mortgage 472s series A Jan 1 2020 AGen mortgage 4y2s B Jan 1 '2020—May series May 64.74 *82 657a 65 43 83 108 % 62 64'a 74 667a 44 102 7a 104 7a 1013/a 101 __ __ 63 43 ' 77 7a 99 7» "101% — 53% 6 102 75 ■ 54 55 7a 101'/a 80 67% 7 61 72 153 37 52 Volume 171 Number 4871 THE COMMERCIAL & FINANCIAL CHRONICLE (121) — NEW YORK BOND RECORD RANGE FOR Friday BONDS New York Stock Interest Exchange Period Co of N Last or Sale Price Central Pacific Ry Co— First and refund 3'As Jan-July , A mortgage 3%s series B Champion Paper A Fibre deb Chesapeake & Ohio Ry— 45 Feb-Aug „_Feb-Aug 3s 1965 Jan-July — - series Chicago & Erie 1st gold 5s Chicago Gt West' first 4s AGeneral inc 5s conv 1997^ B 130% East 97 103% series A 103% "119 First conv mortgage Chicago Rock First 3s series Island mortgage General mtge & 4s B Pacific series A 4%s conv 1 1989 and Income 69'A Jan mortgage F mortgage Cincinnati First mortgage City Ice & Cleveland Fuel 2%s Co General gold First consol First consol 21 94% 100% mtge 3%S:series G First Jan-July 2000—^_Jan-Ju)y consol mortgage H Ohio Division 31% 46'/a 3'As 66 8 ' — General 75 89 12 56% 77% 60 5s St series Wab B & Louis Division Cleveland 33 11 First mortgage & Series 3s 52 87 496 45 "103% 83 91% 161 Div "5 1st 4s 3s 79% 80 2 76 10 106 4'As & F.rst Fuel first 1970 106'A 101 103% 11 102% 9 101% Columbia 3'As Gas Iron & 102'A 102'A "110% 106% 103% 104% 4%s 111 99 96 1 92 Columbia Gas 3'As „ 84 4 79 (.5'A 58'% 78 55 73 65% 99 — Feb-Aug debentures March 3s debentures Columbus & —. Columbus & First First 3s mortgage sinking Conn Ry & Conn River 3'/4S and and refund First and N 62 100'A 105% of New mtge 77 — ■104% — "106% 104'A 101% — 100 mtge 2%s ser refund refunding 3s series 2%s refund mtge 3s debentures D A — — S A Deposit §A7%s §A6s series gold receipts series A B 106% — States 68 B 66 inc 4s series trust' 3%s Util 57 "85 % 72 95% 95 99% 80 „ 89 V* 79% 87'/a 99 99 102 105% 102 104 104 104 6 102% 104% 5 101% 103'/a 256 45% 101'A 102 61 % 59 61% 65 V* 45'A "103 91 91 59% 102% II 104% 91 1 82 102% 102% 3 99% 103'A 107'A 107% 14 91 120 125'% 7 116 122 100 V2 101 % 6 93 102'A 102'A 102'A 110'A 2 122'/a 123 __ 107'A 125% 125% — 125% 1 92'/a 5 86 'A 94% 75 85 94% 98 94 87 Va 85'% *— 94'A 87 14 97% "64 8% first B Jan 2044, 1963— M April "102'A 8% 62 — 70'A 7 75 IZ 63'A 103'A 97 -4 75 >-* O 10% 100% — "103'A 104 65 99 7A 62% 7% 101% 100'/a O 75 95% 100 65 103% 60 4 48'A 101 Va 64 —Jan-July 2%s 1976 ——r—May-Nov "100 ApnZ-Oct 1001/2 95% lOO'A 103 103 '/a 101 — Jan-July "104'A 104% 104% H Hackensack Water Hudson 105'A 105% 11 62 64'A 106% 9 8'/a 39 100% 100% 4 105% 105 % 39% 98 9 101% A Manhattan Jan-July _Jan-July first 1976—Mar-Sept 99% 100% 1999-———Jan-July 1970 A —Jan-July A ser 5s Adjusted income 5s Feb l962_Jwne-Dec 1957- Feb-Aug April-Oct 1957 A Telephone mortgage Illinois Central 105'A 2%s series 3s series B A — ' 64% 100% 99% 5 95 93 92 % 93 Va 27 79 67% 65 'A 68 128 55 69% 32'A 31 32'A 107 19'/a 34'A "102'A 102% "106% — 106'A 106% Purchased 104 Collateral -- Refunding Debenture — "101% — 101% - 106 V* 105'A 102 — __ 104'/a „ 104% 101 -- 100 Va 103 11 lOO'A 105 94% 100% 9 98% 105% 102'A 106'/a 170 105% 119'A 101% 103% 16 100 Va 105'/a "105'/a 106 115 115 116% "103% 103% • „ 104% 104% "102% 103 "93 31'A receipts 1946_June-Dec receipts 1946 June-Dec 99 — 50 31% d83 27% — 96 "47 d27% 92% ~5 d83 2 30'A 32% 11 32% 34% 2 — 95% 43 31'A "32% 103 »A ' 1952—— 4s 1955 lines 106% 1952__ gold 4s 1953 1955——— 5s 4%s Feb-Aug —— 1950, first gold Division- first "104 'A gold Illinois Central Joint first First and and 101 105% 3 100 101% 3 100 104'A 4 104% 107% 94% AFirst 6s series 5s refunding 27 36 A Great series 4'As A 1963 series A Northern 2 101'A 101'A 100% 100% ' 103 99'/a 6 — 101 100 100% 100'/a — "101 102 101% "102% "102% __ — 101 Va 101% __ 105% 105'A 106 1963-June-Dec C 101 Va 101 1950_Jan-July 103 C 1986_,Jzz7ze-Dec 100 101% 82 AFirst 30% AFirst 29 35 gold 5s .series C §AInternational Hydro-Elec 30 35 Inter Rys B 98'A 86 101% 20 78 96'/a 98'A 5 91 100% 4 08% 100% — ' "90 — 106 97 100'A 100 — 97 92% — Jan-July 84% 81'A 82% 232 .April-OcZ 36% 33 Viz 37 80 75 80 80 68 53'A 61'A 54 60 % — 79 101% 96'A 136 — RR— 1952 25% series" 96 103% 100 1 102% 102'A — 108Va 77 102 100 Va "100% 101 "101'A 103 9 127 — June-Dec Adjustments 6. series A July 1952 5s 96 Chicago St L & N O— refund flnternational — 107 % 95'/a 3s Indianapolis Union Ry Co— Refunding and imp 2'As series 52 104 —V— 104' 104% 3s First refund mortgage 4s series D 1963-June-Dec Illinois Terminal- Ry 4s sefies A 197Q—Jan-July Indiana Illinois & Iowa first gold 4s ' 101% — 102% 102% 3s Div and Term gold 3'As 1951— 103 100 —— — "103% 104 100 Va Div 101 - '"**** ——May-Noi^ 1966 -- 101 "101 'A „ May-Nou ———Jan,--July —.—May-ZVos — "101 ---April-Oct —.—, 3'As trust 1951, Feb-Azzy 1951——Jan-July Gold —„—Jan-July Springfield Division first gold 3%s 1951_Jan-July Western Lines- first gold 4s 1951 Feb-Aug Registered ——Feb-Aug 103 102% 105% 103 109 "101'A Omaha 103 14 102% 103 "II "102'A "101'A —June-Dec St Louis 104'/* 96 gold Bridge gold 4s Litchfield 106% — 14 96 102% — — 1951 ———Jan-July Louisville Div & Term gold 3'As 1953 Jan-July 107% 104 trust Refunding 4s 108% 104 7 100% 97 — RR— , ; 105 106 — 128 a 1981_Ja?z-July 1978——Jzzzie-Dec mortgage.4%-4%s series A 1979_May-ZVou mortgage 5%-3%s series B 1979—May-zVoir Consol mortgage 3%s series C 1974—May-ZVou First gold 4s 1951 ——_i Jan-JUly^ First gold 3'As 1951__— Jan*1 July Extended first gold 3'As 1951— ——-—ApriZ-Oct First gold 3s sterling 1951 ——Mar-Sept 103% ' 100'A 121'A 99 7 Consol 103% —• — "• 96% 7 —i." 1 ■ — 99 % I Bell First 100% — "104 102% 102% Zuue-Dec j._ 2%s mtge Finance & 101% "101% 103 1979..Jan-July 1952— first Corp 2%s Hudson Coal first sink fund 5s 108% __ 1972_June-Dec 1963——— — 55 98 06 101% "104% 106 1977_ApriZ-Oct C series E 69% ''97% 86 April-Oct mortgage 3s 1978 debentures 1969——— 3s 107 V* „ deposit deposit mtge First 108 102 10 "104% 105 V* ■ 1972—May-ZVou —April-Oct mtge 2%s 1975—_Mar-Sept Baking 3s debentures .1965 _Jan-July Crucible Steel first mortgage 3'As 1966—May-Nou JiACuba Northern Ry first 5'As 1942 June-Dec SADeposit receipts June-Dec . 106 "106 Continental 5s Gulf 87'A 104% 5 106% 107 V* 1982. Mar-Sept Consolidated Natural Gas 2%s 1968 Consumers Power first first General "105 April-Oct ser mtge and 1959 86 V* ■ 94'A — "108'A 108% June-Dec 1951_Jan-July 1961—Feb-Aug A ser and RR 69 % —Feb refunding 4s series B 1975—Jan-JuZy mtge inc 5s series A July 2015_Jan-JnZy refunding 3%s series D 1969—April-Oct Household 105 April-Oct 4%s debentures 62% York— First ACuba 106% 106 — RR— 50 "105'/4 __ „.[Feb-Aug 1999 3%s 2%s convertible 101 % 1990—Jan-July O First and Cairo 1978- refund fund 105'A 104% Consol 1955_Feb-Aup 1977 refund and 4s 3s Ohio 41 r- L First 3s 105'A Feb-Aug Corp 3'/4S 1965 Edison First First 106 1970—May-Sept external series sink Consolidated Cigar Consolidated Elec & 58'A May-Sept 1 debentures first Pwr —Jan-July series 57 Co- 3s fund L —_Jan-July 1976— certificates B—— Corp Mobile Illinois „Aprz'Z-Ogt —_ series 3s 1952—,—: 1973——-Jan-July D Hocking Valley Ry first 4'As 107% 107% Mar-Sept ; —, first Edison mortgage C series mortgage 3'As Collateral Ohio Toledo Commonwealth series 68% Corp— 1974 112% 150 % 105 "105% 1965..Moy-Nov 54% "97 1964—AprzZ-Oct 1974 August South Mar-Step? 2%s 89 "98% 1980———.May-Nov 1973— 110% 147'A — — — > 65 V4 "107% 107% System Inc— 3s mtge 62% "78 ApriZ-Oct 4s 101 84 __ 1961—AprzZ-Oct 1971—— debentures first mortgage 3'As. series N General 96'A 83% June-Dec 1977 trust 101 "106'A 106% First and 103% 96 Corp— coll Electric debentures 5s Gulf 103% — Ry— and Co 4'As Greyhound 106% 100 104% 104% "102'A Jan-July 1950— gtd modified) & mortgage F) ADebenthre "103'A 103% 1990..May-ZVou — 4'As series C (stamped Colorado "150% 1956--May-ZVop 2000——Jan-July General mortgage 2%sAeries P 1982—Jan-July General mortgage 2%s series Q 2010—,_Jan-July General mortgage 2'As series R 1961—Jan-July AGreen Bay & West debenture ctfs A_— Feb 72% 102 % Terminals Co- Southern 1974—Mar-SepZ Mar-Sept 6s deposit collateral trust General 80 65 106'A "103% 104 mortgage 5V2S series A 1972 April-Oct First mortgage 5s series B 1973————ApriZ-Oct Colorado May-Nov June-X)ec A General 102 70% RR— guaranteed mortgage IB General 104 100 series mortgage Great Northern Ry Co— General "5%s series B 101 102 V4 *103% 104 1977—Jan-JuZy 4s 1991-Jan-July trust 103'A 1 107% 88'A — 102% 102% 76 -——-June-Dec coll 100% 100 u General 101'A 1990 General Realty & Utilities Corp— A4s conv income debentures 1969, 59% 39 104,76 101 2s F refunding 5s series Sugar Goodrich 55% 87 first series 103% First First Francisco 67 __ E 1982— Line Union 96 3%s ACertificates of 56 87 and 94'/* 38% 55% June-Dec Illuminating 3 %s Cleveland Short Cleveland Mich Pittsburgh D 51 81% __ 65'/a 48% . 3 91'A 97% "3 103'A Ry— — 1993 first Electric Cleveland 45% 48 95% mtge Firestone Tire & Rubber. 3s debs 1961 fFlorida East Coast first 4%s 1959 A First 9 126 1966——Jttne-Dec 105% 126'/4 14 75 J/4 252 1961——June-Dec Louis Refunding and impt 4'As series Cincinnati 118 — 89% Collateral St & High 96% 86'A 75 69% 71% —Jan-July Low 21 — 100% 100% 103 % 1971-Mar-Sept ' 58% 104% Year 194!) NO. A953_Mar-Sept 93 37% 112% 55 >/4 1975_Apnl-Oct debentures Chic 1993_! 4s inc 4'As series A Jan 2015-Jan-July First co.nsol mortgage 3'As series E 1964-April-Oct lll'/4 66 106'A Range for Sold "100'A 101'A Co— mtge 104 103',4 104 l962_Mar-Sepi debentures 4s Railroad 98% 70 % gtd 3%s series E 1969—Feb-Aug 2%s series G 1974— Feb-Aug Cincinnati Erie 109% 58% 79% 100% "101 % 108% "45 102% '92 'A "105% 2 "88 Va 101 Bonds High 102% 103% 1956_May-ZVop 9 Terminal- First mortgage dity Investing D 2%s 1st mtge 1978— 2%s Union Georgia div first 5s 20 88'/a — 1963—Jan-July 1963—,,Jan-July 4s 1952_Jan-July refunding 4'As series Cincinnati Gas & Elec First Va & 104 68 ———Jan-July series mortgage 2%s series G Chicago & Western Indiana conv and 113'/* 59 April 1976_May-Sept —Jan-July 102% - 3'As First First Tenn General Chicago Union StationFirst 125 75 Jan-July 2019 May-Nov 109 36% 89% 1999—April 1994—. 1994 118 — "126 refunding mtge 2%-4'As 1994-Jan-July 2%-4V4s Friday's Bid & Asked (N Y) first cons gold 5s 1995_Jan-July Elgin Joliet & Eastern Ry 3'As 1970—1—Mar-Sept El Paso & Southwestern first 5s 1965 April-Oct. 5s stamped 1965 April-Oct 107'A 109% „ 100% 101 Chicago St L & New Orleans 5s 1951—June-Dec Memphis Division 1st gold 4s 1951— June-Dec Chicago Torre Haute & Southeastern Ry— First 104'/4 Ry— A ser 17 111% 111% 3 7'A _.—Jan-July 1961 104 -- Western Second mortgage 4'As 109 109 Jan-July Ry— inc 4%s Jan 5 127 "113% 2038.Jan-July 1994_: Tunnel & Edison El 111 97 __ April North Sale Price 102% 122% — 105% 100 __ 11 — General mortgage 4'/2s inc ser A Jan 1 2019-April 4%s conv increased series B Jan 1 2044- Chicago & or Light. Co 2%s: 1977—_ A———iFeb-Aup 1979———,,^ -April-Oct 28 __ mortgage 4s inc series A Jan 1983-Jan-July A2nd mortgage 4'As inc ser A Jan 2003_Jan-July Chicago Indiana ;& Southern 4s 1956 —Jan-July Chicago Milwaukee St Paul & Pacific RR— 4s Period Week's Range Last mortgage 2%s 102% A 1st mortgage 103 102 106'A 1988—J«n-July 1 1st 105 V\ 101% 102% 105% 106 % —May-Nov A Duquesne 104 102% ^Chicago Ind & Louisville Ry—. First Exchange Detroit Tol & Ironton RR 2%s ser B Dow Chemical 2.35s debentures 1961 132 May-Nov 1. series 43 106'A 130 Jan-July 1985 1982 4%s Jan mortgage 38 W 102% Terminal 102% Jan-July First,and refunding 4%s series B 1977—Feb-Aug First and refunding mortgage 3%s 1985—Feb-Aug First and refunding mortgage 27As 1970—Feb-Auy Chicago & Eastern 111 RR— inc 8 "102% ' 132 — 3%s New York Stock Interest High Detroit 707 104 Chicago Burlington & Quincy RR— 1958 45% "104 Refund and ijnpt M 3%s series E 1996 Feb-Aug Refund and im.pt M 37/aS, series H 1973—June-Dec R •& A div first consol gold 4s 1989__Jan-July Second consolidated, gold 4s 1989—.-Jan-July mortgage BONDS . 1974 1968 — mortgage Low 105% 105% Gefieral gold 4'As 1992 -^.-Mar-Sept Refund and fpipt M 3%s series D 1996.—May-JVou AGeneral Year 194!) No. Friday Range for Sold High 42'A April-Oct " series First First Bonds Low mortgage 3'As 1987—: Central New Yprk Power 3s 1974 4s 6 MM Friday's Bid & Asked J—> General General JANUARY Week's Range Low Central RR WEEK ENDED 1950 .—Jan-July Jan-July deb 6s Central America first 5s B 80 1944-Apn'Z-Oct 1956- 61'/a 1972-May-Noz; 75 61 "97 -- 100 59 81% 562 20'A 34'A 37 53% 75 — 97 75% 71 100 D Dayton Power First & Lt mortgage First mortgage 3 Dayton Union Ry Deere & Co first 3s mtge 2%s 1978_ series A debentures —June-Dec 1965 l973_May-Nov AIncome mortgage Essex & Collateral Delaware First First Denver First 1993 & 4-6s Light Rio Grande 2042 1 1973 Western mortgage series l'/c contingent Denver & Income \'/c A series interest) Salt 66% (3 Vc contingent and convertible & ABecond Mack gold 4s 2%s footnotes lien „ ^ April page 104 V* 90% 86 21 2 66'/a 97 31 73% 87% 48 68% 52% 69% ■ ■ 103 107 106 106 104 „ f 71% 69% gold I Jan-July -_May-Sept 1970_june-Dec 1982_May-Sept —June-Dec 4s 93% 92 96% 24 71% 124 87 96'A 23 93% 58 City Southern Ry 1st 3s 1950—_Aprz'Z-Oct First mortgage 4s series A 1975 April-Oct First mortgage 3%s series B 1968 June-Dec Kansas City Terminal Ry 2%s 1974 April-OeZ Kentucky Central gold Kentucky & Indiana Stamped' 1961 Plain 4s 1987 Terminal !. 15 77% 7 105'A HO 104% 107% 114 114 1995—-June-Dec "68 114'A "67 5 40 92 ! 98% 103'A 105'A 115% 65 76 30 64 Va 15 96% "82 77 73 V* 64% 71 103% "100'A 105% "103% Jan-July "114% "26 -Jan-July certificates Laclede Gas Light 4'As cony debs Lakefront Dock & RR Terminal— First mtge sink fund 3%s'series Lake Shore & Mich South . 3'As 1959 Mar-Sept AFirst Nitrate Co mortgage 1968_Jwne-Dec 1975— 105% 99% 104% 103 114'A — 35 — — "97 "104 — 104% % 1 '/a 115 35 100 Va 108 108 97 "180 Va 185 " 32% 98 —— 118 97 173 —— 181% 101% 105 % a — 117% 120 Va Dec 161 107% 126 Va — 3'As. 1997_June-Dec June-Dec reg 103'A 99% __ 89% — 91% 84 85 9 74% 90% 91 92 3 88 94 Ltd— income 104 Va L 1963—Mar-Sept A registered" 1997—: Lautaro 72 —— ' ■ IJan-JuZy gol<j — "100 1961 98 103 100/v 101% — 104% 105% "104'A Kings County Elec Lt & Power 6s 1997—April-Oei' Koppers Co" first mortgage 3st 1964-,——April-Oct 5s — ■ *_——Jan-July unguaranteed 79% 100'A 102'A "102 % 4%&. 1961_Jan-July —— 1961 70 31 103'A 103'A 76 103% K fAKreuger & Toll 106% 107% —-—--June-Dec 73 103 — Kanawha & Mich first gtd gold 4s l990_Apn'Z-Oct Kansas City Power & Light g%s 19,76— June-Dec 1 1st mortgage 2%s 1978--—-. June-Dec 104% 106% 107'A 107% 76 Kansas 63% 96 1976—Mar-Sept 102 101% 2%s : 1993 series 1995— see 102 2 — 96% 1959-Jzzzie-Dec 104 V* Light fixed debentures 1958 first 104 Jersey Central Power & 4'As —Jan-July (4%% 2018— interest) refund 106% 49 99 81 r65'A 102% 102% fixed 1993, Edison 3'As series G 1966—, General and refunding 3s series H[ General 98% "106% _ — "101 59% Lake— mortgage — A Detroit For May-Nov 1 __ — RR— 13 %• interest) mortgage contingent Detroit 85% --May-Nov May 3s 98% 106% 104'A 104'A April-Oct mortgage and coll trust ?%s 1977_June-Dec mortgage and coll trust 2%s 1979-Jan-July & AIncome 3s __ 98% division trust Power due "106'/a ApriZ-Oct Delaware & Hudson 4s extended 1963 May-Nov Delaware Lackawanna & Western RR Co— New York Lackawanna & Western Div First and refund M 5s series C Morris "106 —June-Dec 1965 Jamestown Franklin & Clear first 4s "102% 103 Jan-July 1978-—, 3'As series B 2%s 1975_April-Oct —— 21] 92 31 81 86% 22 (122) THE COMMERCIAL & FINANCIAL CHRONICLE Monday, January. 9, 1950 NEW YORK BOND RECORD RANGE Friday BONDS New York Stock Interest Exchange Period or 5s stamped stamped 94 stamped Feb-Aug 101 Feb-Aug 1974 82 Feb-Aug 75'% . mortgage 4%s consolidated Series A 4s fixed to 1974 mortgage interest Sex-ies B 4"is fixed Series 5s C fixed Series D 4s Series E 4%s & Myers (Pi contingent 75% to 5s Co & 5s 2003 1979 68 73% 73% 2 % 69'A 10 65 Electric § A Second gold 74 6 73% Gas 2%s & 74 1943 Telephone 2%s series D 1982 Refunding mortgage 3 Vis series 58% Refunding mortgage 3s series F 1981 Niagara Falls Power 3%s 1966 35% Norfolk 35% 33 V* 35 Vi 235 27 36% 38'% 54 30 May 38'/a 41% 40 41% 18 32 41% 74% mtge 3%s ser F mtge 2%s ser mtge 3%s ser *102'A Cincinnati Div 4s 1955 103 — — 103'A Prior and general & ref 5s Hi & First Co 2%s RR debentures 4Vis mortgage & series 4s c-n A 1972 1960 series May-Avv lien 4s 1997 General 8 102% 105'A 14 87% 4s 95'/a 90 76% 86% 97% 102% 89 Va «3% 107% 109'A — — *108% 108% registered lien Collateral Northern 1997 3s States (Minnesota) 2047— 1 4%s trust 1 86 95 89 3 85 first mortgage 3s 1966_ 3 y«s debentures Jack First 1988 *102 Ya 1951 Mar-Sept *99% -May-Nov *101% First mortgage 2%s 1969 mortgage 3%s 1969 Minn St First of N Paul & first AGeneral 4Vis Prior lien 40-year Prior 5s 4s ACum 4Vis A B Pacific Jan 5s RR A Jan 1991—May 1990 A First and AFirst June-Dec 5s 1975 Jan-July Jan series Malone Monongahela Morrell Morris Ry (John) Co. Essex lirst, & A Construction Mountain gtd Pacific Gas 98 41 53% First 78 and First 53% % 49 80 77 Vi 80 220 6 6'/2 3s debentures Nat'l Distillers National Steel National Naugatuck New RR first 3s guaranteed debentures refunding 3%s series I 1971 1974—June-Dec and refunding 3s series M 1979—June-Dec 1977—June-Dec 31 59 74'/a First and refunding 2%s series Q 59 80% First and refunding 3'/as series R 1982—June Dec refunding 3s series S 1983 June-Dec * 93% 97% 241 63 Vi 70'A 2,076 1986 » r First and 75% 94 37'/2 65% 2%s debentures Tel & Tel 2%s debentures 97 92% 75'/a 94% 3'/as debentures 1987 94 99'A 243 75% 94% 3 V.js debentures 37% 1,185 20% 34% 3'As debentures 75% 95 75% 94 97 98% 92% 58'A 165 97% 55% 455 58'A 7 *103% 104 *101 Vi 72% 72 Afay-Nov — 73% 98% — *105 50'A — 52 98'% 6 106 — 3s Pacific 102% 50% 70 65 Pennsylvania 75% Glass Sand 3%s Power 101 Jersey RR Orleans New Orleans & Orleans $New 5s 5s impt & Peoria & Pekin 104% Pere of ACertificates of York of Central Jan-July 103% 103% gtd 4s 1953 Jan-July April-Oct 3 Vis Feb-Aug 4s Feb-Aug 1954 N Y Y N Y RR registered 3"is 1997 Jan-July Jan-July 1997_ collateral registered gold 3Vis 1998 1998— registered N 1998 gold First West 4s & series New and First For B Haven AGeneral Harlem 145 99% 99% 102 88% 60% 58% 61% 1 92 101% 93 64'A 495 52 3'is 2000 series 70% 338 59% 73 *75 * Feb-Aug Feb-Aug 84 A 1973 mtgp ennv & mortgage footnotes Jan-July May-Nov Port 4s April 59 122 50% 9 4 9'A Baltimore __ — — — — 95 16 101 1 *100% *92 —— 94 94 *73 79 5 98% 85% 99% 100 90% 71 — — — *69% 72 ' 105 % 101 101 104% 104% 52 102% 102'A — „ 1 104% — — 104% 104'/a *103% 103% 15 — 78 101 % 104% 103' 103'/a 99% 104% 100% 104'/a 113 116 110 101% 94% 95'A 61 84 101% 100% 101% 78 98% 102 100% — 82% 82% 3 131 134% 63 61 17 Wash & RR Mar-Sept — 73 106% 41 23 102 and refunding 2%s 1981 June-Dec and 102% 9 87 1937—Jan-July guaranteed 17% 103% 109% ~2 106% 110 8 104 % 106% 104 104 3 99% 103% 104 103% 104 100% 104'A 99% 103% 103% 99 *104 ~9% 101% 8 9% 8 103% Feb-Aug * . 8 103% 103% 53 *99 101% 7% 103% 103% 104% 10% 1 7'A 10 18 101% 104 — 97 100% , 1953—June-Dec *102% 108 4s ser G 1957—May-Nov *106% guaranteed 4s ser H 1960—-Feb-Aug *104% I 116% 108 105% guaranteed 4%s ser 1963_Feb-Aug, *111% guaranteed 4 Vis ser J 1964_May-Nov Chicago 96 62 105 108 Consolidated Cine 10 135 105 *102% 103% Feb-Aug guaranteed 4s ser F 50 103 *112 __ -- May-Nov refunding 2%s 1978 Philippine Ry 1st sink fund 4s 61 17 106% Co— May-Nou 2%s 59% 16% *103 __Feb-Aug —— 102% 107% 103 % 106% 103% 103% „ 108% 113% — 109% 114% __ __ — *111 St Louis RR— & mortgage 5s series A 1970—_—June-Dec mortgage mortgage 5s series B 1975 3%s series E 1975 103% 25 96% 107 104% 105 April-Oct AprilrOcf 103% 105 & Chem debentures 1st 11 9C% 108 1 73% mtge 3'/2s 2 99% 34 100% 103 97% 103 1964—May-Nov 1965 —. Jan-July • 102% A 1958 June-Dec 4%s series B 1959 April-Oct mortgage 4%s series C 1960 April-Oct Youngstown & Ashtabula general 5s series B 1962_ First general 5s series C*1974— 4 %s series D 1977 10-2% 102% *101% 102% ~ Ry—r . • —Feb-Aug 94 94 .,*93% 94% 92% 94 3 Co 67 378 56 69% 46 386 33% 48% 101% 103% 5 Vis Elec income Power ' mortgage 3 %s First mortgage 3s mortgage 2%s Providence Terminal 3'As 108 108 1964—Jan-July 103 2 107'/a 93% 109 1 99% . 105 Feb-Aug 1984— 1956_ 93% 80% . 1966—Jan-July 1977_: 1983—. 4s 93% 14 _i_—June-Dec debentures 1st mtge First . 81% 81 __ 94% June-Dec First general Pittston 89 101% . mortgage First 83 100% 100% April-Oct mortgage 4Vis series Pittsburgh . 83 81 64% 5 *104% — 83% First 72% 44 101% 101% — 107% 100% 158 First 100 46 — 105 % 103 — 95 % First i 100 67 May-Nov 100% *» 94 1967_ First 23 5 ' — 95 1974 Potomac % 103% 94% refunding 3%s 101%' 100% A 2007—Jan-July ser 109 *100% 102 —April-Oct 1974 Pittsburgh Steel 1st mortgage 4%s 1958 Pittsburgh'<fe West Virginia Ry— 93 62% 44 101% 95% April-Oct refunding 2%s General 102%" 100 76 105% 93 % 96% General - 99% 79 94 % 90 Vi 95 94 103 Vi 4 93'/a and Consolidated 58 101 *105% June-Dec Marquette Ry 3%s series D 1980_ ■Pittsburgh 60% 55 *94 % 106 Pittsburgh Consolidation Coal— 52 »/i — 104 103% 52 Jan-June 1960 Ry 5%s 56% 55 95 • 21 103'/a 105% 105% *107 April external 50 55 51 101% 98% —' 12 1990 Union Pittsb Coke series A 2022—May 1954 page 4s 61 58% Chester— see Eastern 76%" 55% 102% 103'/a — 136 —ApriZ-Oct 1963 64% 22 103 Consolidated 81% RR— in" 4s 68% 53% Feb-Aug Jan-July refunding mtge 4s River ApriZ-Oct ApriZ-Oct May-Nov Hartford debentures 51% 58 Vi 4 , 104% 106 General Feb-Aug May-Nov 1973 & — Consolidated 66% 67% 182 95 114% 115 Pittsburgh Cincinnati Chic <5z St Louis Ry— \ 61% 61% 82 105% Pittsburgh Bessemer & Lake Erie 27/aS 1996_June-Dec 70'/a 79% 6 > 99% 64 81 106'/a 106% 101% 101'% 101'/a 102 ACertificates of deposit / Phillips Petroleum 2%s debentures 1964 100 50 106'/a 101% *106 105% and t§ A 94% 85 384 ' 101% First 100% 22 — 101'/a 100% 100% Feb-Aug . First 95% % 5 June-Dec 1960 First 100% 93 — 102 1980—June-Dec 1975 2043—— Y — Chicago & St Louis- Harlem Lack 100'A 100% 4 Vis 1965 1968 First 88 89% — Feb-Aug Mortgage 4s series B Y 104 River RR— 2043 4Vis 100'A 18 106 June-Dec fund A B Consolidated A Mortgage 4s ser es A N 7 Co— Connecting RR 27is series B Dock first gold 4s 1951 & 100 % 100 — Refunding mortgage 3 Vis series E First mortgage 3s series F 1986 N 100% ApriZ-Oct deposit., series mortgage York 100 — Michigan Cent collateral gold 3Vis 1998 3Vis 105% deposit Central & Hudson Shore 103% April-Oct 5s series B 1974 Feb-Aug geld 4 Vis series C 1977 Jan-July Philadelphia Co collateral trust 4%s 1961—Jan-July Philadelphia Electric Co— First and refunding 2%s 1971 __June-Dec 100% 1 1965 General ■ . 3Vis 103'/a 103'/a 101% *104% 105'A — 103 General 105% > Consolidated *Lake 98 » __ 1998 Feb-Aug Refunding and impt 4Vis series A 2013_Aprii-Oc£ Refunding and impt 5s series C 2013—April-Oct General — & Philadelphia 107% 75% 103% Ry— 1956 5Vis series A ACertificates 75 — 1952—Jan-July deposit.——: v> 103% — *75% Peoria 105% RR— 1956 series 99% 100 Vi 100% deposit C *107'% convertible 3s A Income 103 -April-Oct mortgage 3'/as series F 1985 & Coke Co— 118% *105% 106% 1983 Mexico General 117 __ June-Dec 1960 Convertible debentures 3%s 1952 *118% 119 *104% 9 Peoples Gas Light May-Nov __ 106% 103% 103% May-Nov mortgage 4%s series E 1984—1—Jan-July 102 *104% 106 106'A 106 *105% 106'/a — 1960—April-Oct 1952 4%s series D 1981 General series 101 Mar-Sept 1954 of series 4'is AFirst A series Vis 98% Feb-Aug 4Vis series A first B ACertificates AFirst 1974— 5s 103% sinking 4 5s 101 Vi Jan-July 1986 3s Northeastern series 1983 4s Nor Term ACertificates Z^Flrst 3Vis first Light & Orleans Texas AFirst New 10 106'/. 102% — RR— *101% 102 Afar-Sept gtd Great Refunding and New 1961 1974 Power New Y 34 1955_Jan-July : sinking fund debentures May-Nov April-Oct Jersey Bell Telephone N 105% 104% 101 *105% 106% _ & Light Co— 3s 1975 General 105% 103 Vi 104 June-Dec 1974—April-Oct 107% 102% 10 • ' 1964—June-Dec debentures series E trust ctfs 4s First mortgage 106% 104 April-Oct Junction J New New 103% 1967 106'A Airlines— inc Pennsylvania 93 99% 1965 1954 3%s debentures Pennsylvania 105 % 106% *106 106 107% Co— Guaranteed 99 83 101% —Mar-Sept 1st sink fund gold 4%s A3Vis1 convertible 81% 91 Oil Pennsylvania-Central 58% 100% Western Paducah & 111 104% 101 103% 3s N . 103 Vi 105% ' General 93 103% 106 Mar-Sept General 93 1970—June-Dec 1982— debentures 106% June-Dec April-Oct April-Oct „.— Consolidated Feb-Aug debs New . 1986— 102'A 62% 102% ' „ 95 "I ' 1985 1983—— 93% 102 y. ' 1980—June-Dec 1978 33% 98% 105 *105'A 106 ' N 1986—!"—— Pacific 98 1,034 16% 106% 90 ' 36% 97% 100% ' 226 69 107 10% 1 106 June-Dec 75 , 97 38 __ *- 1970—June-Dec refunding 3s series J refunding 3s series K and refunding 3s series L 74% ' 13 106 103% 104% 1966—June-Dec and and 72% if: Feb-Aug B * 2%s series P 1981—June-Dec 75 - 102% 102% Feb-Aug refunding —Mar-Sept series 12 ._June-Dec refunding 3s series 3 Vis 4Vis 102% 100 .-June-Dec and England Tel & Tel Co— First — — and Louis- 4s 1975 1979 First mtge gold 2%s 3 Vis 1978— First debentures first Electric <fc 75 June-Dec 2%s 97 105% *00 85% April-Oct Products 102% 102 „ ♦107 *102 70 1978 Corp 1974— 61 1970 Supply 102 98% *99% 100% _ApriZ-Oct mortgage 3s 2%s 1975— 27 1958—May-Nov debs 95 104 98% *102'/* __Jan-July _Mar-Sept J.— 20 4 Dairy 95 83 95% Ry—. First N National Champlain 77 78 St 88 81 1 *102 ApriZ-Oct 77 75% & 1977 88% 1966 .series B Products 2%s u Feb-Aug 74- 1991 3s 14 61 y3 72% Gas & Electric Co— First 53% 77 Chattanooga 66 54 ■ — 62 103% 87 69 mortgage 95 93 94% 105 Oregon-Washington RR 3s series A I960— _April-Oct 3s First 101% Telephone— mortgage 3s Pennsylvania Nashville 95 — 25 8 84% B 2%s 64 89 8 6'/a 102% 102% 77 4s Tel 109% 79 56 & First 9 54 Va Tel *63 89 1979——:—————May-Nov Lake & First mortgage 84% 56 States 108% 94% 56 y* 106% 48% guaranteed 3Vis 2U0U_June-Dec debentures 97 • 105% 101% __ 1965—Feb-Aug debentures 123 66 100 105 55% _Mar-Sept series 3s 73 68'% ♦107 68% Mar-Sept guaranteed 4s 1948 Oklahoma 84 98 mortgage 5s series A 1955_May-Nop mtge 4Vis series B 1955 May-Nov Construction 3 Vis 3V4S & HI'A 87 *104% 105'/a 77 ! first 109 111% Feb-Aug 88% refunding 5s series F 1977—Mar-Sept A First and refunding 5s series G 1978—May-Nop §AConvertible gold 5Vis series A 1949—May-Nov AFirst and refund gold 5s ser H 1980 April-Oct AFirst and refunding 5s series I 1981 Feb-Aug & 107'/a 107 Jan-July 1974 , Jan-July and Mohawk 55 Vi 83 Co— refunding 4s Bell debentures Edison first Ohio 107% 102% __ *103% , AGeneral 105 1 107 11 Jan-July 1967ApriZ-Oct 1978 A 112% 65 First series 133% 111 O 100 105% 101 106 V4 106 Vi - 55% 1971—May 1962— D 128 — ——April-Oct 1978 3s 2%s 1979 first mortgage 2%s tOgdensburg 102% 66 109% 101 April-Oct 1962 series adjustment t Missouri ApriZ-Oct A first 4s 72 12 — 94% 101 99% RR— series 3 %s 104% 99 Vi Marie— ser 75 88 87 105% 103 103% „ *105%, Jan-July 1940 1967 series inc Texas series lien St 4s Missouri-Kansas-Texas 1967 5s 2%s inc mortgage Kansas & ext Mfg Saulte mortgage Missouri debentures J Mining & 10 86 *109 Mar-Sept sinking fund 97 100% 100% — 85 Mar-Sept First JS AMidland 106 106'A 109% 93 mortgage First mortgage Refunding and impt 4Vis series C 1979—Jan-July Cons Gas first mtge 3Vis 1969 Mar-Sept Minnesota 10 — 107 Vi 107 Vi Michigan 3%s 107 % 101% — 75 Co— Power first mortgage 2%s Northwestern 73 50% *104% 104% April-Oct Sag 3Vis 3Vis 1952 103'/a 107 132'A 133'A — Mar-Sept mortgage § A First A gold 54% 100% 100% J«ne-E>ec Central— Lans 65 — =*50 Metropolitan Edison first mtge 2%s 1974—May-iVou Michigan Bell Telephone Co— Michigan 102% 91% 61 1 —Jan-July Mead Corp 97% 104 1975 First mortgage 3s 1979 102% 88Vi 1972 debentures 100% 88 V* May-Nov 2tas 30 88Vi 1959 May.Dept Stores 101 =*70% 1 RR 4s 62 7 *110 Quar-Feb mortgage 2%s 1975 (Wisconsin) 101 June-Z>«c Sugar 4s s ilking lund Feb Lines) 88 Quar-Jan Jan First 1957—May-Nov Manati Manila (Southern 5 107% 107% 133% 3s registered 2047 Quar-Aup Refunding and improve 4%s ser A 2047—Jan-July Refunding and improve 5s series C 2047—Jan-July Refunding and improve 5s series D 2047—Jan-July 1954_._June-.Dec B 68% *106 Quar-Jan 57% 96% 100 101 22 3 *106% 107% 1996—April-Oct 108'/a — M Central 46% 35 12% 15 Ry— First (R 34 22 68% refunding 4%s ser A 1974—Mar-Sept Pacific First Macy 33 28 44% 102% 102% 2014—April-Oct 26% — *88 — 42% 15 1974—Mar-Sept 104% —■ 98% 107% ' *102% 105 — 104% Co— 5 99% May-Nov General Northern 5 63% 50 96 *17% Jan-July 104% 104% — Mar -Sept 75 108'A "2 11% 102% 123% 105% 3 15 Mar-Sept 105% 105% — 2003__Aprtt-Oct 73% Central 58% 44% 1978—Feb-Aug AGeneral mtge 5s convertible inc <te Western Ry first gold 4s 120 — 4 *58 — 105% G 2003—ApriZ-Ocfc H 2003—ApriZ-Ocfc 1980- 3 — 105% 105% May-Noo refund 74% *122 105% Ry E Norfolk Northern June-I>ec Feb-Aug Southern 98'A 105% 105% __ Jan-July 64'/a 38% 2% 13 High 6% 21 May-Nov Y 54 May May 133 3% *99 Jan-JuZy Feb-Aug Feb-Aug 56 55 9 57 Jan-July . 7 50 Low RR— 4%s 1937 SAGeneral gold 5s 1940 §ATerminal first gold 5s Year 1949 102% 102% Jan-July __ 121 refund Maine 1977 Corp first 3%s 1963 ousyuenanna & Western § AFirst refunding 5s 1937 69 • State Steam Y 106 First Knox & Y 63 % Feb-Aug April-Oct 1951 3s Y N 60% April-Oct gold N 93 63 RR— second 96% 72 57% First and Div 78 1 Putnam 60 refund Louis N Range for Sold No. High 8 . 102% 1st mtge 2%s 1975—Mar-Sept 1st consol gtd 4s 1993 April-Oct Light 63 First and and & 101% N April-Oct 1963 Nashville Y 98 & 55 2003 1951— debentures Power 8% June-Dec May-Nov interest extended Tobacco debentures Louisville Atl 85 Vi Y Bonds Friday's Bid & Asked 3% 1992—Mar-Sept 4s June 1955 May-Nov 2003 general 4s series A 1962 Electric 7s series A 1952_; ALombard AGeneral 4s 53 % interest 2003 interest Miami Lorillard 97 91% 3 or Sale Price Low 54% contingent interest 2003 mortgage 5s Liggett St 101 69 May-Nor Lexington & Eastern Ry first 5s 1965 , 1 Week's Range Last reriod High bonds— F 5s contingent interest Valley Terminal Ry— First 3s LOU) Interest BONDS New York Stock Exchange JN Jan-Jvlu 2003 Series Lehigh Little No. Valley RR— General , extended « JAN Y Ontario & West ref Feb-Aug Lehigh Valley Railway— First Year 1949 N Lehigh Valley Harbor Term Ry— First mortgage 5s extended to 1984 Lehigh JANUARY Range for Sold 94 1964 5s Bonds High 1954 5s ENDED Friday Friday's Bid & Asked 1970_Aprll-Oc* A WEEK Week's Range East Sale Price Low Lehigh Coal & Navigation Co— Sinking fund mortgage 3'/2s ser Lehigh Valley Coal Co—■ FOR *105 "5 1 CO co 1 1 105 *107 Jan-July May-Nov Mar-Sept 99% 105 ! w—i O O £ 107% 106% 106 *98% 103 — — 108 y4 102 104% 98 99% Volume 171 COMMERCIAL THE Number 4871 & FINANCIAL CHRONICLE (123) NEW YORK BOND RECORD BONDS New York Stock Interest Last Period Exchange 3s Service Electric debentures First and k Gas Range for Sold Year 1949 No. Low 101'A 105'A High * refunding mortgage 3'As 105 105'A 105'A 109 109 and "151% First and *221 refunding mortgage 5s 2037—.Jan-July refunding mortgage 8s 2037—June-Dec First and refunding mortgage 3s 1972...May-Nov First and refunding mortgage 2y8S 1979_Juue-Dec 38 109 First 107 »A 3 109% Pacific-Missouri Term RR of Ave Ry first refunding 4s 1960 Adjustment income 5s Jan I960—, 151 % 223 Tol 104 106% Tri-Continental 103% 106'A 106'A 1974.—June-Dec 3%s {Third 146'A *104% 105% 2%s Oats debentures 1964. _Jan-JiLly A Ohio Cent ref & Jan-July April-Oct 100'A 102% Reynolds (R J) Rochester Tobacco 3s debs Gas & Electric 94 94 April-Ocf 105 105 105 1973 debs 2%s Corp 4%s series D 1977—Mar-Sep£ *120'% General mortgage 33As series II 1967-. Mar-Sep£ *106 'A General mortgage 3%s JJi A Rutland I series stamped 4%s RR series 3'As 102'A 120'/. Pacific 106'A 117 Oil Union 2%s __ U — *107 108 105% 106% .Jan-Jury 1941. Lawrence Second St gold Louis St Adir & 6s Rocky 1st *73A 10 7 'A 10% 8% 6s 1996— Louis-San Francisco Ry Second 4s inc Paul k St St Paul ref gold D.uluth Union 3%s Depot Scioto V k North Eastern Jan-July 97% 74 103% 65 *66 ' *99% — First 76 First Air Line A General 93% 94 213 83 93% 62'A 65% 507' 46% 118% 118% — 99% — I « — 1989_ May-Nou 5 99% mtge'4%s 3s Union A k Sons 2%s debentures 3 *107% 1966— iAASilesian-Amer debentures *126'A k 76% coll June-Bee trust 7s 98'A 2 Us 324 2%s debentures Southern Pacific First 4'As Gold 4'As Gold 1994 Southern 1977 1969 4'As 98'A 102% ser A __ — mortgage 27As series E 1986 23As series F 1996 A 1956 St Louis 3'As Div first Bell ASpokane 61 103 95 99% ,123 Walworth Warren Co & 2%s 98% 184 127 RR Refund 104 Corp & 3s New 84 94% 77 92% 3 95% 107 6 99% 110 2013—/___April 40 1 5 101j3 2 102 2 40 104 101% 102% 5 of St 93% 98% 13 101% 101% 1017® 98 102% 106% 103% 75 101 101 2 69 3 64% 76 % 7 94% 100% 98% 102% 101'A *102 _ *88% _ 90 106 83 92 85 2 45 99 June-Dec 102% 105% 101'% 6 103 106 3'a 3 105% 105% 106 1966 105 105 106'A May-Afou .Jan-July Jan-July "7 105 106% 106% 107% 106'% 104 3 57'A 61% 55'A 59 a 105% 106% 6 109% 52% 81 103% 104 00 58'/a 103% Jan-July 55 105 *105 1979—May-Nov 1974 107 104% 1 50 49% —June-Dec 1950 series I 106 102% 103 Feb-Aug guaranteed 2361 4s 4'As 1952_April-Oct A Jan 2014 May mortgage income Telegraph Co— and real estate 4'As gold 5s 1951 4s 258 98'% *101% 144 63% % 62 97% 104 99% 102 102 101% 49 i' first Winston-Salem Mar-Sept debentures 1973 mortgage 3s S B 95% 86 51 64% 86% 5 98'% 102'% 109'A 153 Corp— 1971— 109 102 Co 14 46 86% 100 A 85'A 109 & -- 99% 100 »/a 100 lOO/a 100 86'A Jan-July Jan-July Wilson — 102% 102% May-Noo _Mar-Sept 1950 __ convertible first 4s 1960 / — *114'A Jan-July Jan-July 96% 30 — — 76 43 . 115% 71% 63 Wisconsin First of Electric deposit Power mortgage 27/8s Wisconsin 97% 101% 10 99% 104% Included 6 104% 106% not 95% 101% 104% —Mar-Sept Jan-July Light & Power 2%s l976_Jan-July II *107% *99'A 1971 100"* 101% 107% *100 June-Dec 1976 3'As 46 % 104% 119% 2%s 1979— Service 49% 35% ... 7 4'/a 36 -- 101% 1 Public 78 71% • ACertificates 102 104 112% 86 40 43 101% 102'% 75% 76 A Certificates of deposit—.—.—Jan-July § ASu & Du div and term first 4s 1936—May-Nov 1 102% 102 9G% *102'A 103 — 109 % 100 *7 101% 102 102% 1958——-April-Oct {Wisconsin Central Ry— § A First general 4s 1949 .. Yonkers 1965—— : 104 — 106'/! May-Nov 104 106'A 106'A refund M 3'As series B 1970 .April-Oct *100% refund M 3%s series C 1990-April-Oct *100% 101'A first 2.65s 5 *119 and gold refund 96 Electric 99 94 99% Louis— debentures and 28 1970—Feb-Aug 1967 3'/as 3%s debentures 115'A 104'% 104'% 104 79 74 74 April Wheeling & Lake Erie RR 2%s A 1992. June-Dec Wheeling Steel 3'As series C 1970 Mar-Sept First mortgage 3'As series D 1967 1—Jan-July 103 % 97 — Orleans RR— Pacific 2%s 104% 102% 27 Jan-July 2000 A guaranteed 3s Westinghouse Electric 52 35% 98% *97'% and & 25-year 107% 103'% 103 Jan-July 104% 108 96 __ 97 3A 97% 103% 104 103% *104% 1966-May-Nov May-Mop 98 16' 101 i 5 1971—Feb-Aug Jan-July 79% 105'% 106 102 4'As 109'%, 117'% •'/ 104 101% 6 — 73'A April April-Oct registered 2361. Funding 97'% First General 4s 89'A 197 106 Union 18 First Texas 3'As Western 90'A *106 impt M 4s series C 2019—Jan-July Refund and impt 27As series D 1985—_April-Ocf Texas mortgage West 102 94% 94'% 102% 104 89 *104'A 1976—May-Nov 30-year 5s I960. 105'% 105% and Texas mortgage General Pacific 18 118 103 107% 119% 16 100'A 100% 100'A .April 1991 1970 Ltg 5s stamped gtd General 93% 75 1981— 3'As series 2%s 96'% 74% 96%. 88'A 89 1966—^May-Nou gold 3'As gtd Western 103% 104 May-Nov 1973 Assn ref 102% 100 __ Jan-July' 1971— 2%s debs Maryland first T Terminal first Westchester first 92% * Corp 27As debentures 1966 2%s debentures 1972..— debentures RR Washington Terminal 78 89 B debentures conv Shore 95% 106 98% 118'A 118% May-Nov Jan Baking Co— 5%s debentures (subordinated) 123'A 83 102 106 — Ward 104% 1985—-April-Oct gold 102 106 *102'A 103 April-Oct series B Jan series W & 70 1951 Oil (N J) debentures 23As 2%s debentures 1974— Swift Co G 97 debs Standard Oil (Hiram) 3'As 6 4s Standard Oil of Calif 23As debentures Simray mortgage 20 80 gtd 5s 2003 1995.—! mtge income 4.'As Power 23As first *102 W Penn 118 94% April-Oct 1983 Internat *102 May-Nov . E 1975—Mar-Sept ser income series A 4s West —Jan-July Jan-July gold Tel debentures 1955—Feb-Aug RR Co— 102% *96 -..April-Oct 1956 1996 5s A 1957 1958— mtge 94% 89'A 89% 1956——i—April-Oct gold B mtge 3'As'ser C 1973.April-Oc£ Electric 94'% Jan-July A Devel Southwestern lien and ref Penn 93 Jan-July Devel and general 4s series Devel and general 6'As series A 104'% Co— first 5s Ry 3s series B West *102 — ...Jan-July mortgage 2'As series G 1961 Southern Ry first consol gold 5s 1994— 5 103% 107% 96 95 --Jan-July mortgage First first series 2%s Gen Co— and general 6s series 91 90 *95 & Southwest 100% 101% 103% 97% 1975_June-Dec First Div 4s series Power refund 107% 80 102% .___May-Nov 3%s First Memphis k consolidated Wabash 99'% ,25 37 104'A 104'A „ — i___—.May-Nov RR gtd fund *101'A 101'% Mar-Sept 1981 Pacific consol Western San Fran Term 1st mtge 98% 75% 98'A 90 105'A Walker 100 99'A *107 _Jan-July A 90 *104 76'A Co— (Oregon Lines) 96% 96 *98 Mar-Sept *105'A 106% First 94'% __ *123'A — Jan-July — Ry 23As 93'% 97 'A 1979— 102% 96 57 — 99 „Feb-Aug , 1987 Indiana Southern 4 7'A 1978—Mar-Sept April-Oct 103% 100% 1 99% *58% 99% —,—...Jan-July 1985 102'% 9 April-Oct 1959 97 % 99% mtge 2%s ser G 128 58% — *102% _Jan-July 1979 debentures May-Nov debentures 91'% 2 mtge 3s scries F debentures 1963 100 3 98'A 99 »A 1941.Feb-Aug —June-Dec Ala RR gtd 5s 1963— April-Ocf Telephone & Telegraph Co—: debentures 1976 28 96% April-Oct 107% .. 3s 96% 97'A 102'A 102 '/a 1991-Mar-Sept 1966 and 127 — 76% *102% „ 99% North Southern- Bell C 2%s 100% and refund First ' Corp 103'/a 2 convertible 100% • — 75% ' 1971.—April-Oct Skelly Oil 23As debentures 1965 T'Socony-Vacuum Oil 2'As 1976 South 2016-Jan-July Jan 105% 105'A 106% 101'A 101% ..June-Dec 2'As 104'A 104% -- 103'/a 100% 99% 104% n02% 103'A 110% 99'% - 99 85% 101 __ *103'% 104% — — Jan-July 1974 Oil 4104 'A 108% 1 - 1970—June-Dec 1967 3%s Gen series series 2'As America and refund mtge First 118'/. 105 5 105'A 105'A — — 1968_Junc-Dec 1996__^. 101'% 1 fll0% 110% Feb-Aug debentures Electric Virginia 63 May-Nov 1971__—_Aprll-Oct A 98% " 3'As Co— series 4s Seagram (Jos E.) Shell RR mortgage 102 ■ First ..... Seaboard RR Virginia 101 64% lytty.jan-duiy first gtd 4s 71% 45% 94 1 7103 May-Nov debentures 6 V 86 71% 97 — — 94 1990—Jan-July gold 4s B 103% *67 ■ —— 2022—May 1989 cons of sinking Virginian 5s series A first —— Jan-July bond ceriiiicates Nov and 16% r} ,. Jan 103 41 742 First 1st mortgage 4s series A 1997 ASecond mtge inc 4'As series A St Louis-Southwestern Ry— General *103 ■ 1955-Jan-July Co— First As bond certificates 257 26 <f*u: 1975—April-Oct 1976 Pictures Consol .-—April-Ocf stamped 5s 57 92 *100% 101'A 1971—.May-Nov 12 y4 Mar-Sepf —_ P 100% 53 10 *83A ' gold 1996 Mt & High 21'A Mar-Sept 1961 3%s Missouri 2%s debentures Vandalia 1971-. Low RR— Rubber 2%s S Universal S St Calif of debentures 2%s Mar-Sep£ _Jan-July 1949 Saguenay Power 3s series A of United Biscuit Co 1967__Mar-Scp£ 1969 J stamped Co Reluncling mortgage mortgage mortgage f ARut-Canadian 4s 95 85 Corp— General General Union Electric Union 94 Year 1919 92 56 24% impt 3%s I960—June-Dec and First mortgage and coll trust 2%s 3s debentures 1968.—. 1955—May-Nov Range lor Sold No. 104 7/8 R Reading Co first k ref 3'As series D Bonds High *103 U *101% 102% Friday's Bid & Asked Pacific- Orleans New 215 — 230 or Sale Price Low Q Quaker Last Period New York Stock Exchange Texas May-Nov 1968_Jan-July Interest BONDS High Bid & Asked Co— 1963 Week's Range Friday Bonds Friday's or Sale Price Low Public JANUARY (i FOR WEEK ENDED RANGE Week's Range Friday M 5s 3%s. 2000 ser -..June-Dec E 94% 88'A *128% 137 1985_Jan-July 103% 104 104 22 100 100% 118% — a delivery in the included year's in the sale not range n included In the year'i range, d Ex-interest, e Odd-lot sale not Under-tbe-rule uli mot Included In the year'* range, r Oaih tala y Ex-coupon. §Negotiability impaired by maturity. {Companies reported as being in bankruptcy, recelTerehlp, or reorganlxed the Bankruptcy Act. or securities assumed oy such eompaniee. 128% 104% 97'A Deferred year s range, , •Friday's bid and asked prices; selling flat. no under Section TT of during current week. sales being transacted A Bonds NEW YORK CURB EXCHANGE WEEKLY AND YEARLY RECORD In the following extensive list we furnish a complete record of the transactions on New York Curb Exchange for the week beginning on Saturday, Dec. 31 ending the current Friday, Jan. 6. It is compiled from the reports of the Curb Exchange itself, and is intended to include every security, whether stock bond, in which any dealings have occurred during the current year. and or RANGE Friday STOCKS— New York Curb Last Exchange Sale Price Par ACF-Brill Motors Acme Aluminum Acme Wire Adam Hat Aero 1 ; Inc Associates ElectTic Air-Way Shares (N 5% J) 2% B 11% Friday High Low High 1% Oct Aluminum ~3 % 1,200 1% Jun 3% Jan American 21% 100 19% Oct 32% Jan 5'% 1,700 6 Aug American 1% Jan American 1% 11 8/4 7% 2% 8,500 Jan 7% Jan Class 11% 400 8% Jun 11% Dec American 300 4% Jun 8Y2 Dec 4%% American 8 Great Alabama Power 4.20% Airlines Alaska Alles Southern Fisher & 8% 3,900 5% pfd Feb 7% Nov 80 10 78 Dec 92'/a Jun $2.50 99 % 99% 50 91 Jan Nov 4% 4% 5,000 3'% Feb 6 Apr American 5% 2,000 3% Feb 5% Nov American Feb 3% Apr Internat Investing Allied Products (Mich) Altes Brewing Co Altofer Bros Aluminum $3.75 Co common 200 13% Jun 17% Jan American 1,300 5% Feb 16% common.. preferred Aluminum Goods Industries 45% Jun 5% "l6% 6 common page 27. American 53% 51% 54% 7,400 96% 96'% 96% 300 93% Jan 25 25 200 20% July 26 % Jan Class 8 050 Jun 7% Oct American • — — 8 - 67/a 4% 54% Dec Low 6% High .. 51% 7,900 % Jun % Dec 1% Jun 1% — 81 81 , Jan 58 July 80% Dec 6 Mar 9% Dec Jan II41/2 May 2% July 10 Jan Jan 9% 9% s% 12,700 Rubber Co 35 200 27% Feb 39 39 50 32''2 Jan 45 % Oct 25 10% 10% 10% 400 9% Jun 13% Jan 21 19% 21 800 18 Nov 25'A Apr 16% 16% 18'.'a 1,900 13 July 3% 4% 7,700 3 Jun 5% Jan 1,100 7% Jun 14'A Dec Feb 50% D6C 1 4 2'/4 Co B 19 Oct Dec com 14% 13% 14 48% 48 49 800 30 Jun 26% 26% 100 22% Jun 28'A Mar 28'A Mar 'A class A • 34 17% — • Jan • Republics 44% 2 25 Chem 2,300 * Products common & Dec 2% 24% lOo I 1 Co Natural Gas Co 1% 2% 34% 39 20 preferred Maracaibo Potash Low 48% 35% 111 48% 900 1 48% 25 preferred preferred American Range for Year 1949 High 100 Laundry Mach Mfg Co common Meter Shares Light— General Corp common Metal for Week 1 1 Hard Sales Range of Prices 1 10O k Week's Electric— convertible • 100'A Aug class A common Power & convertible 100 • Mfg see 6 16 • America cumulative footnotes B 100 Co Co Cities Gas American Dec 6% May S % Jan 1 1 Aluminum For Corp common of 4% 1 common Allied Book American 5% 1 $2 Car Beverage American 2% 1 100 Inc Bantam preferred 5% 50 , • common B ^0 * Alabama Ltd American 7% 1 Appliance May 3% May 1% Mar Sale Price Par "2% 4% Last New York Curb Exchange 7% 1 — 6 STOCKS— Range for Year 19 J9 21 u 1 • common Inc ~3% 1 Stores Shoe Mfg for Week Low 10 common Surpass Atnsworth JANUARY % Alloys Stores WEEK ENDED Sales Range of Prices warrants Supply Mfg Agnew Air Co Week's FOR 27% 26 % 27 % 2.000 22% Jun 10 31% 31% 33% 7,600 20% Jun 30% Nov 34 37 Dec Dec 23 24 THE (124) COMMERCIAL FOR RANGE Friday Week's Last Range Low Par 3% American —2 Seal-Kap common Amer Superpower Corp common— __10o $6 series prelerred— 5% Anchor Post Products 400 58 Jan 4 % May 4% 4% 200 6% 6% 6'/a 6'/a 1,100 100 Arkansas Natural Gas common Arkansas Power ft Light Equipment Corp Electric 47/a Jan 5 % Fob 7% Dec 4% Jun 6 Dec Dec 8 Mar Dec 12 17% Feb 50 Feb 3% May 6% 800 5 Jun 8% Mfg 112 Nov Claude Neon Inc 4 Nov 6% ft Sons 11 Vb 11% 7,800 5% Jan ll7/a Dec 11 Vb 11% 24,300 57/a Jan 12 Dec Clinchfleld Coal Corp common Club Aluminum Product# Oo 10% 11% 10% Jan 11% Dec 40 113V2 Jan 116% Nov Colon 2.100 6 Jun 9% Oct Colonial 21% 22% 7,900 14% Jun 22% Dec Colonial Sand 24 24% 2,800 21 % Jun 24% Sep Jun 1% Jan 24,800 3 8 Vb Feb 701/2 Dec 16% 1,300 12% Jan 17 Vb Dec 10 Vb Jan 15 Nov 16 14% Jun 17 Mar 400 6% Jun 10% Dec Colt's "% "u 41% 43% 2% 3 Dec 7% Feb % Sep % 125 3 16% Feb 47% Dec 1 % May 3% Oct 275 35 July 51 y2 Jan 2,800 5% 5% 9,700 4 Jun 16% 15'A 16% 2,600 11 Jun ft Hotel Compo Shoe Vtc Jan 6 21% 4%% Jan 4% 1966 Barium series B Jan 5% Oct Consolidated 8% Nov Consol 11% Apr 21 125 19% Dec 25 Feb Consolidated Royalty Oil 12 12'% 400 10 Jun 15 %t Jan Continental Car-Na-Var Fdy ft Machine Oo Gas Utilities Paint & Baumann (L) & Pwr Ltd ft ~ common common (AS) Bellanca ~4% % Co Beau-Brummel Ties Beck { common Tel of Canada common Benrus Watch Co Inc Benson ft Hedges ~g| " Steel s - Pdry & MftCh Co Bohack 1 prior 5%% Co cum Brazilian Breeze Petrol Internat'l 'W Sep Crown Drug Apr Crystal Oil Refining common $6 preferred 12% 1% 600 300 1% Sep 34% 35% 400 33 '/a Feb 59% 500 9 66 Dec Jan 60 Nov Jun 15% Dec Curtis Curtis Jan 3% 13% 125 9 Mar 13% 4 25,100 2% Feb 4% 5 Nov Vb ir>r 20,900 Vb Dec 4V2 Jun 41% 40% 41% 3,200 33% Jun 44 % 6% 6'A 800 Feb 6% Oct 34% 33% 34 y4 50 27'A July 35 Va Dec 5% Jun 8% Apr 54% 83 210 62 20 370 13'4 5 Calgary & Edmonton Corp California Electric 80 22 5% "1,000 4.500 15% 5% 2,800 3% May 21% Apr 6 Jan 23 Aug 13% 17% Dec 1 23% 23% 1 <N O O I , 4% July Jan Feb 12 ~2% 300 34 y2 Sep 23% Oct 7% 7% Dec Dec 1% Jun 12% 2,600 8% Jun 5% 5% 5% 2,400 4% Feb 16% 16% 17% 5,500 7% Jun 17% 17% 600 — 11% 11% 11% 700 15 % 15% 15% 2,200 Sep Jun 33 1% July ~2% Jan 7 18% 19% Mar 21% Mar 2% 11% 11% Jan Feb Jan 2 25% Oct 3% Sep 13% 5% Aug Oct 17 Dec 14% July 4% Jan 20% Nov 6% Dec 10% July 11% Nov 4 9 A. . 3% 12% Jun 22»/a Jan 6% i Jun 12 y4 Feb A Jun % Jan 3% Dec 26,100 4% 22,300 Canada Cement Co Ltd 6% % preference Cuban Mliner ft _ _ Co Canadian Canners 3% 200 r ' ■ • ~6% ~e% ~7% 16,000 8% 8% 8% 2,100 • III_I| Ltd common 1% Jan preferred Canadian Industrial AlcoholClass A voting 2T/a • Class B non-voting Canadian Industries Ltd— _• 7% preferred Canadian Marconi Carnation Co common Carolina Power ft Light $5 Amer 8 Va 7% 7'/8 8% Hosiery Mines A ord Casco 1% 100 14% 13% 14% 3,700 32 32 32 % A 1,500 iR« 10% 11% 1,800 7% Castle (AM) ft Oo Catalin Corp of America Central Maine Power Co— . . 3.50% Ine eommon 7% Dejay Stores common Dennlson Mfg class eommon debenture B% Conv pfd opt div ser Conv pfd opt div ser 1929 Detroit Steel Products Devon ft Raynolds «!*** ■ American Dobeckmun dep Oo Char is Corp 4'/2 Jan 500 14 Va Jan 17% Sep 4% Feb 7% Oct 35% 34% 35% 250 9% Julv 3% 31% 31% 32% 15,500 28% Jun 41 VB Jan 1 Va 1 1 Va 5,400 A Jun 1% Aug 2% 2% 2% 1,800 2ya Sep 7% Jan 6 1,200 rcts ord reg For footnotes see page 27. 5% 2,700 Jan 42 Jun Feb 6% Apr 6% 500 5y8 Feb 8% Apr 11% 500 9% Nov 13% Jan 2,500 1% Jun 3ya 200 1% Jan 4% May 3 2% 3 2% 2% 20% Jun 5 ' 30 __ 65 Jan Sep May Apr 19% Dec Mar 107% Dec 15% Sep Jun 8% 10% Jun 16 27% July 20% 5% Mar 4% 18% 36 14% 18,200 ' •' • •. .. . 102 1 1 Amer dep rcts ord Duraloy (The) Co l Dec r2y2 July Eastern Gas ft Fuel A sen eoa 10 Ve Jan 9% Jan 148% July 2% Dec Jan 62 y2 Dec 109 Mar 114y4 Nov 2 Feb 4% Mar Feb 2 4 Va 5% 6,900 83% 82% 83% 140 10% 10 y8 10% __ 94 Vb 94'/a 17 17 154% Mar x4% Mar 3% 21 3% Feb Dec Jun $7 Easy 132 Jan 7 Jun 9% 1% Jun 2% Jan 18 Jun 24% Nov Jun 12 Jan 1% Dec 1% Dec 6% Jan 13% Dec 152 Nov Jan . 6,000 ; -- — — 2% Jan 3% Oct 26% 1,600 r 18% Jan 36% Nov 11% Jun 16% Dec 20% Mar 22% Dec 9% 57 Nov 10% May Dec Jun 68% 23 Jun 32% Jan 74 Feb 88 Dec 'A—. — 2% 2% 2% 200 6% Apr 1% Jan 7% Feb 2% Mar " 9% July __ —— 3% 16% 4% 300 16 Vb — 16% 1,100 3% 2,500 70 'A 525 71% 68 1,225 3 15% Dec Jun 5% Feb 10% Mar 17% Nov 4% Jan 2% Jun 3 3 100 62 Jun 77 61% Jun 77% 26 • Aug 37% Mar 1% Feb 3 Ve Jun Oct Dec 70 70 50 50 Jun 76 Oct 65 70 65% 50 39 Jun 67 Oct 2,400 1 ft Share eommon ft 18% 19% 77% 77% 77% 25 * 10'A 8% 10% 2,300 17% 18% 54,500 _l Electrographlo Corp eommon Derrick 19% 1 shares of bensfldal lmt Ilectrle Bend 3% 3% 69 % Washing Machine slass B 1 Equipment common $1 convertible Esquire Ine Eureka 101 1 I lOe preferred! 1 1 1 1 — 18 -- — — 104 — 104% 5% 6 6 30 200 11% Mar 60 1% ' 1% 1% 42% 42% 16,600 19% Mar 78 5% May 10% Feb 9% Oct Nov 18% Dec 13'A May 102 4"% Aug Dec 7% Apr 13% Feb 1% Oct 11% Jan 92% July 11 2 5% 5% 36 4% Apr Feb 1% Mar Palrehlld Camera ft Instrument— 5% Feb 20% Dec 12 div 1,350 Feb 160% Dec Plshman 55 5]A July 5% July 7% 300 5 May 3 Jan 35 Sep 2% 6 Jun 21 Nov Dec 20% Dec 9% Jan 3% 37 4 15% 15% 25 —1 24% 23% —1 Engine ft Airplane 1,725 700 15% Jun 47% Oct Mar 6% Oct % May % Sep 14 Feb 18 Feb 25% Dec Oct Jan 18% 220 4 21,300 Jan 154% 160% 17% 31 A IV First York Corp common— 17 25 1,300 6 A Dec Jan 17 5% Mar Nov 15% 6 % Ltd Corp 15 100 2,000 3% ■ • 94 8,300 Jan Associates— Jan 4'/8 3% 16% 69 • series B Sugar 85% 7% 3% 70 preferred serlee A tl preferred 100 7% — 13% ~18% • 600 3% — 13 II Metallurgical Fire Association (Phila) 17 4% 1 Eastern States Corp 84 7% 600 __ 13% * Eastern Malleable Iron— 74% May 8 % Nov 16 7% 23 l#l — Eureka Pips Line common— 5% Dec 13% Mar 12% 950 2,800 101 prior preferred preferred Equity Corp 24% 2 22% 22% II Sulphur Apr 23% 8% 11% 9 1% — * Texas Emsco 100 100 ■ — 1 * Oct 400 Nov ■ Jan 4% 1,700 _9% Feb 32 Jun 9% May 6 900 ■ — 1 3% 6 7% 11% ~9 % ■ 11 reg 10 Vb 4% 7% 11 200 Jun 40% 22% • Nov 300 80 28% Co 7% 2,100 Jan 11% Co 2% 63 Sep 3 Jun 8% Mar 21 7% Jun 26% Power 200 May Jun 1% Dunlop Rubber Co Ltd— Nov Jun 5% 28 % Harris Duke 26% 148% July 300 300 7% 1 Dec xlVa If Driver 1,000 24 Oct Oct 1% 1% x25% x25% 450 Dec Dec xlVa 73% 32 Dec —' , 69 23% Aug Z-m 73% 6* 6% ~3% /, • 1,000 ~6 < • 8% ~6 : . • Corp 3 3 ; Draper 2% 63 'v.. ■■ - Dominion Tar ft Chens Co Ltd 8% — ZZ 1 8% ~3% ' • elass B__ 1 1 3 31 6 Va 6% - 1 Empire District Xlcotrlc I* pfd Empire Millwork Corp — 10 Oct 7 10% . • 4s 1 a.oe America 3 Dominion Textile Oo Ltd eommon 4%* 10 common NOV Aug 2,700 common Dominion Steel ft Coal Dec I Cessna Aircraft Co common Chamberlin Co of Dec U 12 2,000 • Domestic Credit Corp elate A. Dominion Bridge Oo Ltd 8% 100 Conv preference 33 5% 11 12 10 Dec Distill*-* Oo T.td- 6% May 19% Jun 100 Century Electric Co common Century Investors Inc 20 15 6% 101 10,200 100 loo 50 Jun Jun 10l/2 16% 60c A Detroit Gasket ft Manufacturing Detroit Gray Iron Foundry Pair child preferred Jan Jan 5% x25% 17% 1 3% 1% 6% II ~2% 100 Jan Jun % May 16% Dayton Rubber Oo class A Dec 1,000 10% Central Ohio Steel Products Central Power ft Light 4% pfd ICentral States Elec 6% preferred 6% Nov May ~5% 1% 7j| 8'/8 _i preferred 18 Jun —I.II Mills 17 i« 14% 103'/a Jun n% -2.11 1% l 2% 3 1% • 17% • common 1,000 Jun 2% $5 pfd shares of bensfislal lnt 2s Id (J W) Co common Products Nov 70 y2 10n Jun 7 f1 Amer dep rcts B ord Carter Jan x4'A Jan I rcts 9*/2 500 Inn S% 1,700 Ltd— dep Aug va -101 Davidson-Brothers Day 2 y4 \ Carreras 108 2,400 3 1 eommon ~2% l Jan D Davenport Com 8% pfdIIIII—• Carr-Consolidated BUcult Co Nov 2,650 13% I_l« fl • Dec 115% 4% — common Lighting Inc common Mfg Oo (Mo). Eastern g.jjg - 70% Jan 88 y2 • j ' Jan 13 V* ' 4% x24 iog Capital City Products common Carey Baxter ft Kennedy Inc 100 Dec Jun 87% laie Oo common Tobacco Jun • — 230 9% 6% 58 y2 4% i partlo- preferred 1% July 3% Jun _• Convertible Carman ft Co 3% I~g III—III* common 109 13% 1 (Md) Atlantic Sugar B % Cuban r2% July 20% Feb — i Camden Fire Insurance— Canada Bread Co Ltd 50 Sep 17% i Ltd_IIII 800 2,400 87% Oct Jun 4% Si Power 9% 71% 106 y4 107 Dec Mar 16% • it* 9% 69 Vb 114% 115'% 107 Duval pfd 9% 71% 115 Durham Hosiery class B eommon Duro Test Corp common American dep rcts 0% Calamba Sugar Estate Sep Aug 23% 82 ""% Cable Electric Products common Cables ft Wireless— 4 Oct Dec 200 1,425 8 8 • 12%e Jun Sep is ~~~II~ ' Jun Jan 55 Va 12% ~~lfls Crowley 26'A Nov | i ' Oct 8% 1 ~"il | 38% 6'/a May • II 2 5Va . Bunker Hill ft Sullivan Burd Piston Ring Co Burma Corp Amer dep rcts Burry Biscuit Corp 11% 400 10. class B_ Buckeye Pipe Line.. 7% Aug 8% 8 5% i common Jan 6 17% # Bruck Mills Ltd Cent ~ ' 3% -6 Cork tl ~~ Brewing Co Crosley Motors Inc Crown gi cum Junior pfd Brown Rubber Co commca Bruce (EL) Co 7,100 (ord reg) _fl Crown 53% — Distillers—I 5% 1 receipt# Nov 13% _ • reg dep Petroleum Croft Mar II— Class B 4% Creole 6 ~ British Columbia Power class A Brown Forman Jun 1% Aug 14 | British Celanese Ltd or<l 6 Jun "• ord reg ^?r dep rcts Dec 1% Aug 3 Jun Feb IIIHIIIII" Amer dep rets ord bearer 4% Courtaulds Ltd— 20 i 3II British-American OllCo" British American Tobacco^- » Dec 83 • common deP rets 10 13 as J Bridgeport Gas Light Co Brlllo Mfg Oo common Class A _ Feb 54% i(wi ~ Tractlon'righVft""power Corp 7 4% May 8% Mar 8 • * pfd Apr 5Va -II convertible preferred— 5% OO _• Borne, Scrymser Co Bourjols Inc Dec 6 7% Dec 10 Va 4 common common 14% Jan Dec 1 100 1 «Tm-« common (H O) Jun 3% 3 Vb ' ■ Blumenthal (S) ft Co 37% 6% — Blue Ridge Corp Aug 35% i common Dec • 300 52 • 8% 300 1 A 6% 3* Aug 1 Cosden Petroleum common 11% 1 I I common Convertible preferred Blckford'a Inc common 34% 4 —1 Nov 11% -- 1,000 • 10,800 11% 8 1 common class 61 1% 12% 7% Be 6% — Apr 3,600 II Corp ~4% " Bell Blauner ~3% — i _ Shoe Corp Aircraft Reynolds preferred Jun American shares 34 y2 4% • 3% 2,300 Mar • Varnish Oo 41 5 % 10% 22 ~5% 1 Inc Corroon ft 10 600 3% 1 Liquidating Corp Mining ft Smelt Ltd 32 10% 28 4% • Consolidated 1,700 Sep 26% — 100 6% July 7% Dec |g Corp Basic Refractories Inc Feb — 10# preferred preferred series O $1 Steel 8 1 L P Bait common 4% Locomotive— American 2% Jun .11 1,100 B Barcelona Tr Lt Jun 5% Machinery— ext to Consol o K Coro preferred iya 100 Va- Community Public Service Cook 7 % 22,300 7 VB Inc 20% Baldwin Rubber Co common Banco de los Andes- 2'A 7Va .11 Manufacturing Oo 1,000 56% Jan 1% IVa 1 Oo 8% 55% 3% 6% Stone 5% 56% 1% Aug 10 8 — 300 ~5% 8 -II 100 2% —1 7% 700 16 VB 2% Development ordinary 8% 4% % Uocksnutt Plow Co common 8 1 1,700 Dec 4,800 46% 45 1 2% * > Colorado Fuel ft Iron warrants— 97/a 9% 46% ■ 9% Mar 70% Cornucopia Gold Mines Baldwin 10 y4 Mar Jan % Airlines • Babcock ft Wilcox Co Jan 6 7% 2,000 "% —I 6 16% —II 9'A III preferred 1,900 2,800 1 8% 5% Ayrshire Collieries Corp oora 9 8'/2 4 114% 115 y2 43% common Nov 7'% 7% 67% common Continental Avery (B F) 19 y2 1 Clayton ft Lambert Mfg Zi Automatic Steel Products Inc Automatic Voting Machine Jun 1 24 Za 11% 1 Jun 5% Plywood Corp Aug 160 II Apr •— N 65 18% 16% Oo_ 1% Commodore Atlantic Coast Fisheries Atlantic Coast Line Co Atlas Corp warrants Jun 18% 70 Controller Co Clarontat Industries— • 57 y4 18% I 22% • Jan 62% 1 IVA I__1 13% .—II Consolidated Mining 103% 9'A Nov 9 City Auto Stamping City ft Suburban Homes 220 10% 8% 475 8% 1,500 115% 925 4 Cities Service common Clark High 11 64% Voting trust ctfs Jan Low 10 62% Chicago ft Southern Air Lines Chief Rartge for Year 1949 High 11 • 3% _* American dep rets reg Associated Laundries of America Associated Tel & Tel class A Atlas Dec Low Shares -l« Cherry-Burrell common Chesebrough Mfg common Chicago Rivet ft Mach ii y4 i $1.20 conv preferred Asplnook (The) Corp 123 Jan 3% —It _ 7/a 12% Xll0% 112 for Week of Prices Par 3% In $7 pfd— — 6% xllO% 9 Ashland Oil & Refining Oo Associated "6% • Common class A non-voting 6 % preferred Aro 12% — i l Apex-Elec Manufacturing Co Appalachian Elec Pwr 4 %% pfd— -10# —i Argus Inc Oct 4 25/a _« Amer dep rets ord reg Feb 500 €V* Sales Range le Price High % Mar 14,900 i Angostura-Wupperman 2% % i Angerman Co Inc common Anglo-Iranian Oil Co Ltd— Range for Year 1919 Low 3% Week's Last New York Curb Exchange 7 i Thread EXCHANGE WEEK ENDED JANUARY <i Friday 116% 113% 118% IUi American Writing Paper common- American Shares Monday, January 9, 1950 STOCKS— High % 4 prelerred CHRONICLE Sales for Week of Prices Sale Price New York Curb Exchange FINANCIAL CURB YORK NEW STOCKS— & Dec Oct Jan July 8% Nov 7% Mar 10y« Jan Fansteel le to cum 5 VB 4% 11 -II# — 10# 75 24% . 2,500 12% Feb 5% 20,600 3% Feb 12% 9,200 8% Feb 250 57 % Jun 4,000 2Va Jun 10% 75 • 3% ■ 76 2% 3% —1 (MH) Co¬ II Stores- 25 —1 preferred 5y4 Mar 13% 13% July Jun Apr 79 ) Dec 3% July 35 Oct 17% Sep Ford Motor Oo Ltd— Amer Ford 4% 1,100 21% 22% 1,900 22% Class A non-voting. — Class B voting Ford 4% .11 dep rcts ord reg.— of Canada— 23 Jun 4 - 5% Feb Motor Motor Amer dep of l 175 17% 20 Feb 23 Mar 23 Oct Feb France— rcts bearer , % \l 19,900 A July % Jan THE Number 4871 171 Volume COMMEKCIAL NEW YORK & FINANCIAL CURB Fox Co Brewing (Peter) Brewing 4% % Fuller 7% Jun 11% Dec 9% 10% 1,300 6% Jun 14 % Oct 8 Jan 9% 23% Mar 10% 10% 10 800 7% Sep 32 11% Jun Sep Dec Kings County Lighting common. 4 % cumulative preferred King Seeley Corp.. Kingston Produots Klrby Petroleum S % preferred □oilman General 1% 1% 3% 3% 3% .1 Jan Dec Jun 1,100 29% Jun Co Coal 3% Jan 5% Feb 1,800 1 % July 4 Jan Jan 100 May 75 xll2% Jun 116 Mar 105 % 114 Jun 107 Oct 114 ~4% ~4% 5% "4% Jun 4 Jan 6% Sep 18% Jan 800 17 100 15% 15% 16% 6,800 15% Dec 21% Jan 11% 12% 1,100 9% Jan 11% Dec 12 12 12 % 1,000 11% Dec 12 y4 Dec 3Va Dec 2 1% 2 2,000 • 43% 41'/2 43% • 27 20 27 • 77 74 77 Jun 21 Mar 60 % _* 4% 10 61% 12% 9 600 Or«at stock States Jan 11% Jun Jun a Feb 13 425 103% Feb 133% 128% Sep 142 Jun 42 131 130 41 131% 420 40% 41% 1,100 26% 2 27 32 9 550 9% no 13% Hartford Electrlo Light Hartford Rayon Harvard common Brewing Oo Hathaway Bakeries Inc. Le Tourneau iiiontu oorp (R G) Haxeltlne Corp Hearn common eommon _ _ Inc 6% Brothers common noaiaw Groceterias class Olsss A Feb 15% Dec 44% Jun xBoy* Jan Jun 2% Jan B%% preferred 4% preferred Hoe (R) w w W _ Lone Btar Gas Co. (Texas) (Geo A> & Common ctfs of Jun 150 preferred A ctfs of preferred B ctfs of 8% July 8% July 10 Va Mar Ino Dec 17% Dec 150 400 98% 70 75 Nov 9% 9% 200 5% Feb 10% Dec 48% 400 39% Jun 48% Jan 7% 9 % Jan 91 Jun 68 9% Mar 1,700 9% 2% 31% 31% 13 13% 13 12% Oct 11% Dec 98% Oct ■ Jun 11 Apr 500 3 2% Dec 4 Aug 100 25 Va Jun 33 Sep 225 12% Oct 17% Jan ~ — — 39 Aug 133 — Jun 162 Dec Feb 34 Oct common B ft • 33 32% warrants rini ][ Hydro-Electric Securities Hygrads Food Produots 20 13% 19 300 86 5,400 — 48% 48% — 200 9% __ 17 9% '2% 1,100 16% * 18 3Vb __ —1 30 Va 106% May 16% Jun 68% 2% 43 150 2% __ —1 1,250 82% • preferred 33% 108% 108% __ 84% ~~Ib common 42% May ' — • 575 3Va 200 14% 14 Public Service Stores Illinois Zinc Oo common _• 700 (The B) Jun Jan Jan 111% Aug 21 Jan 90 Dec 5% Nov 49 Oct 4 Apr 9% Dec 1% Jun 3% Jan 10% 11% Jun 22% Jan Feb 2 3% Dec Nov 18 Jan Mfg B% July 10% Jan 3% Dec • 20 19% 20% 9,800 13% Feb 20% Nov 20 19% 20 3,100 14% Feb 20% Nov I 12 % 12% 12% 500 11% Jan 13 Vb Oct CI McCcrd 8% Cigar Machinery International Hydro-Electric— • Preferred $3.80 series 00 International Metal Industries Ar! International Petroleum coupon shs shares 300 290 88 % Jan 99 Dec 700 98 % Jun 135 Dec 900 10% Jan 16 Dec 47 Jan 77% Dec 78 76 79% 10 7% 7% 11% • 1 t c__ com el 11 Jan 500 6% Jun 11% 11% 1,000 8% Mar 16% U Ik 300 1% 2,700 Va May iy8 86 Feb Jefferson jiiu Lake mown Stores (N common J) — Preference Julian ft _1 Oo 1 Kldde pfd——Iff • ; . Kimberly-Clark Oorp— 4% % preferred For footnotes see page 13 Va 14% 3,400 9 Va Mar 15% 16% 1,200 10% 11% 1,600 26% 26% 26% 25 26% 24% 26% 5,50d 8% 8% 5Uu 1 — 1 Mead Johnson Menasco I 27. ' i Dec Dec % Feb 1% Sep Dec 475 77% Feb 123 66% Feb 107% Dec 12,700 16% Feb 31% Dec 70 111 Va 112V4 112% 14% 500 July 10% Aug Oct 114 14% Nov 8Va July 8% Feb 14 Va 700 10% Jan 14 Va Dec 14 14% 300 13 Feb 14Va Apr 25 Apr 27% Sep 35 35 200 31 Jun 38 Jan ~6% ~6 ~6% 20 18% 20 4 3% 4% 6% 7 — preferred- 2 Mar Jun 18% Nov Jun 40 Sep 25% July 6Va Dec 33 Sep 12% NOV 15% Jan 1% Mar 2Vb Apr 2% July Oct 6 Jan 110% Jun 3% Mar 6% "7% 700 13% 13% 14 Va 3,300 l7/a 1% 4% 2 4,000 4% 5 600 107'/a ~6 "5% 6%* 5% — 9,700 5 Va 10 7 7 1,100 4% Jun 8% Oct 8% 400 6% Aug 9% Jan V/b 1% 5,700 8% 4,700 8 8 2 44% Nov Feb 11 Va Nov 2% Nov ~9% ~9% ~9% 5,500 2% 2% 2% 1,600 13% 12% 20% 20% ~2% ~2 "2 Mt Vernon-Woodborry Mills Murray Ohio Mfg Co Muskegon Piston Ring common Muskogee Co common Muter Company common Nov 26 1% Oct 3 Va Mar 5% Dec 7% 29 Va Jun 33% Nov 10% 10% 1,700 7% Jun 11% Nov 102% 102% 102% 25 Oct 7% 7% 7% 2,400 3 Vb 3,900 104 25 93 Va Jan 104 Nov 24 3 Feb 34 Dec 6% 2% 8% Mar Jun 3% Jun Dec "2% ~2% 1,400 176% 177 —— 40 86 July 102 98 —— May 105% Dec 2% Apr 167% Mar 34% — x5% 14% 34% 50 30% Jun 4% • x5% 6,100 3% Jun 14% 1,200 10% 400 28% 14% 32 31 32 Jun Sep 102 8% 50 95 July 25% 400 17 Mar 32 25 102% 25 102% • 2.B0 May 21% Nov 1,300 104 I Jun 4,300 3 • Jan 16 Va Dec % 104 10 Feb 4% 6 Va 1 100 16 Va 6 Va Va 1M Tel 600 """ 1 common 25% Jun 19 6 Minnesota Power & Light 5% pfd—109 Missouri Public Service common • Mountain States Power Mountain States Tel ft July 9 3% Aug 800 • 10a 10Va May 2,050 4 20% • Corp of America 13% 4 Mar 18 • 4.80% cum pfd series B 199 Monroe Loan Society com class A 1 Montgomery Ward & Co class A— Moody Investors partic pfd • Jun 9 BO Producers 1% • 1 pfd Feb Jun 6Vs BOo Monogram Pictures common. Monongahela Power Co— 8% 6% July 29% a common Corp 1% May 9% Oct % May 5% May 1 10 convertible preferred Nov 7% • Mining Corp of Canada Dee Nov 54 7% BOa common 6% Jan Jan Jan 1 common Co 9% 6% ' 1% l Co 3% 100 45 1 v Refineries Plan Feb 11% "7 If Midwest Piping ft Supply Mountain Nov 700 ' Abrasive cum Sep 7Ve 2,500 • Miacue West Corp common Midland Oil Corp $1 conv pfd Midland Steel Products— $2 non-cum dividend shares 4%% 4% Jun 1% 1 common Wohl Feb 5% 18 Va 2.19 6% preferred Mlcromatic Hone Corp Mid-West 2% 200 II Middle States Petroleum class A Class B v t c Oct 1,300 1% Ha Michigan Bumper Corp Michigan Steel Tube Michigan Sugar Co common Oil Jan 21% 17% 1 Participating preferred Midwest 8% Jun 100 Metal Textile Corp common Co Feb Jun ~7 Co—* Mid-West 2% 4% 13 Va 1 Co A Mldvale Feb 700 2,300 1% • Co Iron 6 34 —— , Miller 200 ' 2% Warrants 6%% New 8% 14 14 Va' Chapman & Scott Corp— Mesabl 600 1 33% 600 8% 400 8% M 13 13 10% 11% 13% 11 Va Jan 13% 500 Dec 2% Aug 185% Sep 37% Nov 5 Dec 15% Nov 33% Feb 105 Dec 26% Nov Apr 32% Dec Nov 10 Va Jan 10% July 13% Jan 12 Va Jan 24 7% Corp II Jan Namm's National Bellas National Breweries 6% 1% Apr Jan 4,500 7% Inc common Hess 2% Mar 10 29 % Mar 36 • Mfg ft Stores 1 common 31 31 10 Va 10% 3% 3% 800 3 V* Aug 5% Jan Sep 4% Jan National Steel Car Ltd 34 9 8% 20% Jan National 1 9 4,800 300 Nelson (Herman) Neptune Meter 116% 60 116 Sep 9% Jan 50 10 650 127 12% 13 Dec Feb 16 Nov 9Vi Jun 141 Oct 6% July Feb 9% May 9% Dec 17% Dec Nestle 100 Sep 105 May Le Mur 30o Net' Haven llVa Feb 10% Jan Jun 9% Dec Nov 6 % 7 500 Dec 8% 14 % Jun 18% 2% 2% 3 1,000 2% Nov 3% Mar 3 2% 3 12,800 2 Va Sep 4% Jan 6% Feb 13% Dec 12% July 26% Dec 13 12% 13 600 25V4 26 2,000 Watch 1 5% 100 95% 5% 5% 200 93% 95% 220 1% 1,300 1 1 convertible preferred 20 4 New Jersey Zinc New Mexico ft Arizona Land 25 58% 55 Va 1 7% 7% 8% 1 1% 1% 1% Park Mining Co New Process Co common— Co • Jan Jun Jun 26 ft 11% 9 Va 6% 1 Clock Jun Dec 900 ■ 4 % % 11 500 1 Ne^ Tngland Tel & Tel 6% 35% Aug Jun 8% Corp common Oct Jan 10% common Co 8% 5% II common ■ 8% 8% 4 National Rubber Machinery Jan July 10 Vb • Dec National Radiator Co 1 5Va ' 10% 1 3% National Pressure Cooker common Nov 4 7% Dec 2% 14 % 14,800 Feb 58,600 Mar 300 3% 4"% 5% Jun 3 4'/a 3% -31 Gas Transit 10 4 3% • common preferred Fuel 200 4Va 1 700 xl7 Jun 1 common 7% Dec 7 N New ltl 28% 20 % Sep • 6% 9% Sep 9% 17% ... 5% 10 27% 1,350 30 13% Oct Jan 5,700 1 124% 106% 108% 28% Oct 28 Va 23% 26 % 1 ft Mfg Merrltt B * 13 Oct Dec 11% Jun | 7 116 17% 29 Jun 1 Jun 116% Feb Jun 6% Mar 174 122 — 1 1% • 13% May 14 10 2,600 4% Apr 24'/a May • 5% . 6% Mar 23 10% 01 5 I ft Oo Dec • Jan 3% Mar % Jan • Inc (Walter) 13 Va Jun 24% • 5% 5% Co Key Oo common Oct Jun l'/a May K Kennedy's 7% 9 15% 10 National Union Radio Kawneer Feb 1,400 14% common. 93 13% Aug * Kalser-Prazer Corp. Kansas Gas ft Electric 1% Apr 13% § common 17 100 600 • Kokenge 8% Jan 12% 112% 3% Sulphur Co Jun 5% 19 • (AG) ft Co class McWilliams Dredging National 1 6% 500 700 • Co National Mallinson Fabrics _ 1,100 6Va 28% common Corp National ».«r»n«tte Glass Oo «ommon_. 7% 7%, 108% $2.50 preferred Hachman 5% 1 Jan Sep 6% 1 Shovel Co Nov 14% 5 5% 14% Dec 1% 14% Oct Jun Jan Jan le A—* Dec Jun 1% * 24% 7% 11 1 Superpower Oorp Sep 12ys May 6% 100 Irving Air Chute Dec 7,000 Co.— preferred 3,150 8 20 * Investors Royalty Iowa Public Service v Feb 8% • International Safety Razor B Mfg 4% 98% 100 112%. gll0%gll2% 15 15 15% 100 • International Products Fireman 8% 13% Jun 37/s 8% 10% 1 McKee Morris International Italian 600 • Indianapolis Pwr ft Light 4% pfd—100 Insurance Co of North America 10 Iron 8% CI ft Ireland 10 300 2,000 20% 1»| 5% convertible preferred McClanahan Oil Co common 4.40% Imperial Tobacco of Canada Imperial Tobacco of Great Britain 4.90% 8% Industries— Amer dep rets registered Imperial Oil (Canada) coupon Registered Registered 8% 100 4% 13% 109 common Power Molybdenum Imperial Chemical 12% 12 '/a M Apr 12% 1 • ft stock 8% 17 11% 9% Oct 20 • dep dep Louisiana Land ft Exploration Louisiana Power ft Light $6 pfd Lynch Corp " 15 47 Dec 14% May 11% 1 dep 7% 6% Dec 98% ~Il5 Co Refining Mfg Oo Refrigerator $2.2B pfd 1st conv 6 1,900 17 12% —100 (Harvey) Common Jan ' Oil v8 July 11% Nov 11 • B Baking Oo Hubbell Huyler's 11 2,600 7 2 8Vb Mar ' 2,200 11% • , preferred Hussman 6% 11 48% ft Hardart common Lock 16% 14 — Dec 9 6% l« Longlnea-Wlttnauer Watch Co Long Island Lighting Co- Dec 17% Mar 1% July - • Humble Hard 400 10 Inc Horn ft Hardart B % 1% Jan 11 ■ ... Hormel 1% 1 Holllnger Consolidated G 11 Holly Stores Inc. Holophane Co common Horn 1% ...100 _ ft Co class A Border's 600 —100 w common 6% Sep 7 Va Mar 1% —"2 _ 4% 1% — Henry Holt ft Co 100 1% • Heller Co common Feb 6 12% Locke Steel Chain. Mapes Consolidated Mfg Co Marconi International Marine Communication Co Ltd 160 7 '/a 7% • Manischewitz 48 11% 600 * , Class B Sep 47% _ 8% 21% Mar A Dec Jun • eommon. Dec 25% 6% • Dec 1% 25c Rubinstein 10% 13% Apr preferred—II 28% 12 I—Ib Mining Co Helena Feb 18% 20% « Llpton (Thos J) Lit 10 50 16% 9% 450 4% 1 110 Sep 100 16% 500 24% 12% 10 48 * Dept Stores Heels Inc Co 5% —1 _ 9% Sep Dec 8% 12 , Maine 15% 1 " 1% 1 Mangel 10% 1 Jun 10% Mar ■ Feb 5% 20 1 12 Dec 15% 1 — 4,100 I 10% • Oct ift Co Co 15% .1 I—IB Oct 14% 8% MacHntosh-Hemphill Dec H Bridge Oo Ltd Paper common 3% Feb Dec 9% Lamson Corp of Delaware a Lanston Monotype Machine a La Salle Extension University——! Lefcourt Realty common 1 McAleer Lamp Jun 9% 1% 1 Massey Harris Hamilton 2 1,500 12 .18 Jun 7% 102 • Hammermill 3,200 1% 1 Marlon Hall Deo 3Va 2% -l Co Feb 25% 500 100 Gypsum Lime ft Alabastlne 227/g 11% Lakey Foundry ft Machine 1 pfd Fab 3 Vb Oct 130% 132% common—25c 15 Jan 7 131 Brewery $4.40 800 Jan 6 600 28 Products Dec 22% 7% Dec 5,100 100 Utilities 5% 65 11% • Paper Western Jan 12% 11% 40 11% Tea— preferred Stores urocery Pacific common Northern Grlesedieck Gulf ft 53 y2 49% Mar 100 1 I Co H Jan 5 pfd—28 conv Gray Mfg Feb Jun 5% 62 Jan .1 Lake Shore Mines Ltd Sep 80 Dec Jan 26% L Jan 32% Jun 1% 43 Jan 2,200 s.t % 74% • 80 Grand Rapids Varnish Jun 35 43% % 1 Gorham Inc class A Gorham Mfg common Graham-Paige Motors 8* 1 % ■75 200 3 Vb 100 .1 Laclede-Ohrlsty Company L'Aiglon Apparel Inc Dec 12% —1 B 1st 13 y2 5 , $4.80 prior preferred Goldfleld Consolidated Mines Goodman Mfg Oo 7* 4% Aug 3% 12% July 9% Jan 3,300 5% 17 17 1 Inc__ wiwuei tAQOll) ino common Godchaux Sugars class A Non-voting Nov 1,700 • Co Great Atlantic 106% ~5Vb 2f Distiller*"* class B Union Jun Oct Nov 2% - • co 8% 42 95 1 Gladding McBean & Class 8% 7% 2% 114 1 Alden Dec Jun 100 • Glen 6 % 5% 5 ~2% High 1,800 Jan 100 • common 3% 3,500 43 Low 7% 38 % 2iy8 22% 23% Aug Feb 7% 41% Brewing 7 38% Apr 7% • Corp 1% 6% 100 Gilbert Krueger Range for Year 19)9 High Mar 7 43 • Giant Yellowknlfe Gold Mines Oct 6% 7%. 10 preferred Globe Jun 22 £1 1 Georgia Power $6 preferred 8 Jun 2% 2,900 General Phoenix Oorp 1 General Plywood Oorp common 50o General Public Service $6 preferred—* Gilchrist 1 2# B % preferred series A General Fireprooflng common General Outdoor Adv 6% pfd (A C) 92% 600 General Finance Oorp common Gerlty-Mlch 1,000 1 % General Electric Oo Ltd— Amer dep rets ord reg t8 4% " preferred conv 4% 1 Supply Oorp com—1 General Builders 5 % 88 Vb July 4% Jun 106 Mfg Oo common Alloys Oo 15% (IB) Rubber Knott Oorp common.. Kobacker Stores Feb 14% Mar Low Shares 23% Klelnert * for Week of Prices 7% Klrklxnd Lake G M Oo Ltd Klein (D Emll) Co common.—. Qatlneeu Power Oo eommon Sales Range Sale Trice Pur 4,900 10 % ® Week's Last New York Curb Exchange High 14% B® Oo (Geo A) High 11 Va 1 preferred conv Low 13% -—J Franklin Simon ft Oo Ino common STOCKS— Range for Year 1949 f Par Pitt Fort Shares of Prices Low Friday for Week Range Last Sale Price JANUARY (j Sales Week's Friday STOCKS— (125) EXCHANGE RANGE FOR \VF(EK ENDED New York Curb Exchange CHRONICLE 6Va 5% Aug 78%-May % Sep 6% 96 Sep Sep Dec 2% Jan 7 Va Jan 4 100 3 59 4,100 51 Jun 67 3,000 6 Feb 2,500 1 Jun 11% Apr 1% Apr 65 Apr 75 — Mar Jan Jan 25 THE 26<' (126) COMMERCIAL FOR RANGE Friday Shares of Prices N Y Auction Co N Y N Y Merchandise N Y Shipbuilding <te 10 Hudson When 1st 1*4 15% 1 common 1 delivered 5 ft 2d preferred 30" * A 26% 12% Niles-Bement-Pond * 10 Nineteen Hundred Corp common 9 15 Nlplssing A — Share Corp common Mines North Amer rxorui American pfd S3 Rayon Central North Securities Utility * 1,600 luo 314 Feb Apr St 7% Jan 16% Dec 14% Nov 16% Dec Lawrence 1st 106% Dec Dec Sayre Nov 26% Nov 9% Jan 12% Dec 7% Jan 10% Nov Nov 16 Schuite (D Inc A) Sep 43% Dec Feb 3% Dec 10% July 15% Jan 3% Apr 2% 950 8,700 300 Jan July 101% Jan 5% Sep 13 Va May Feb 89 107% Dec 11% Jan 19 Aug Ohio Ohio 414 % Power Oliver United B 60 37% 1,900 13 13 100 1 17% Securities 1 17% 300 9% 17% O'okiep Copper Co Ltd Amer shares Overseas 2% Sep Nov 44 Feb 112% 27% July 37% 106 % Sep Dec Mar 14 10% 300 11 Aug 11 * Inc 1,100 Jun 35% 37% IS class B Dec 32% 112% 112% 1O0 Gas Filters 44% 41 44 * common preferred Natural Oklahoma Omar class Co Brass xl Apr 16% Dec Jun 22% 12% 6% Jun 12% Jan Dec Co_ — Inc Can Co 5%% common & 1st Elec 7% 35 Va 23 7% 200 6% July 8% Jan 35% 1.4UU 32'A Aug 36% Nov 32% 200 29 Va Apr 33% Sep 28% 31% preferred Nov 29% 1st preferred™ 5% red 28 Va Nov 29 Va Dec 1st preferred. red 1st pfd series 5% 1,600 28'A Nov 29 Nov 375 100 Va Jun __25 _ A Lighting $4.50 preferred Power & Light 5% Public Service com Pacific $1.30 1st • pfd Pancoastal Tubes Oil 25 Semler • Corp Radio Sentinel common Leather common Sherwin-Williams preferred Pen 2% Silex Co common Patlcan Co Pennroad Penn Gas & Penn Power Penn Traffic 26 July Aug 43 Nov 1% Jun 4 Jan 200 ~_i 11% 10 % 11% 1,700 4% — Elec class Jan 4.56% 15% Jan 4.48% Jun 80 Jan 5Va 200 3 Jan 50 4x juu 4.32% Southern Pipe Line Southland Pinchin 25 200 23% Jan 26% 100 27% Apr 29 % Mar 11 11 11% 7,800 7 Jan 11% 2% 200 1% Jun 3% Nov Jan 109 % Dec Standard Ltd 375 100% 3,540 32% Nov 3% 1,500 2% Dec 53% 55% 1,250 50% 11 11 108% 109% 108% f _L ,Jun 4 . 35% 38% 2% 38% ZZZZ2Q Sep 5% Mar 41% Jan 4% Mar Jun 59% Apr 10G 8% Jun 10% Dec % U 300 % Dec 3% Jan 17% 17% 17% 1,100 Feb 17% Dec 5% 5% 700 Dec 8% Jan 19 19 Sep 24 Va 55% 2.50 50e • • 11 1 4% Speed Queen Corp conv cl A & Lake Pneumatic Polaris Power Scale & 6% 1st Pratt & Lambert Prentice-Hall Pressed Producers Service 4%% 15 Jan class Common Co Products Standard 2,900 10% Jun 15% Nov 58 % 56% 58 % 750 53'% Nov 20% 18% 20% 2,100 14 3% 3% 200 — Steel Co of Canada (The) 1 10 5 5 5 6% 2.50 6% 6% 3,200 14% 25 * 14 % 800 69% Feb Stein Jun 25% Jan Sterling 3% Jun 4% Jan Sterling Jan 13% 4% Jun 6 Va 5% Aug 8% 14% Apr Stlnnes 96 Oct Jun (A) Products "1% Corp (Hugo) 250 Jun 38 Jan Stroock 1,100 7% Feb 10% Dec Sun 800 8% Jun 12% Dec Superior 12,700 1'% Jun 1% Jan Superior Tool & Die Co Swan 1 % 1% 26 Jun 8% Jan 9 Nov 10% ~6 700 109 Va July 600, Sep 20 Jan 11% Jan 16% Nov Jun 19 Va Oct Va Jan 29'A Apr 4 Jun 3% 3,400 May 288 278 260 4% Oct Nov 220'A July 7% Jan 22 % Nov „ 298 Dec 3% Feb 14% 'A 15% 9,800 % Jun 32 Dec 8% Jan 14 Va Dec 1 Va Jan 2,000 ft Irt Va May 3% 5,700 2% 3 Va 800 6% Jun 700 2 Va 3% Jun 9% 3 9 Jun 3 2% Feb Nov 12 3% July 28% 2,100 25 Jun 36% Jan 13% 28 % 28% Dec 18 Jan 29 Jan 47 Dec 220 37 400 47% 47 47 27% 29 29 Apr 29% Feb 31% 31% 1,200 28 Mar 32% Nov 29% 30 1,800 26% Mar 30% Nov 23 Va May 27% Dec 6 Va Jan 26% 26% 500 100 4% 4% 33 % 35 4 July 1,400 26 Jun 39 Jan 13% 4% 34% Oct 300 3% Feb 17% 2'/a Mar 3% (S) 3% Oct 3% 4% Jan 1 Aug Jun 14 & Co 21 3 Va 900 % 2% 16 V« Jun 4% Mar Dec Jun 19 May 9 % 8% "9% 800 8 Jun 10% Jan 35% 34% 35% 1,100 28% Feb 37% Nov 3% 3 % 3% 11,600 1% Feb 4% Dec 3% 100 1% Feb 4 Nov 110 112% Jan 160 3% 3% 159 157 159 6% 1 4% Dec 7 Va 4% 1,100 5% July 7% Jan 4% 6% 8,400 2% 4% Dec Jan 2% 2% 2% 400 2 Jan 3% Oct 4% 4'A 4% 2,100 2% Jan 4% Dec 140 67% Jan 100 19% 87% 89 89 23 % 23% 10% 30() 9% May x8 % Vi X8% 300 5 Va 25o * 1 11 Portland Ceraent, Inc 26% Jan 8 Dec 1% Aug Va 2,200 % Mar 3% 3% 1,500 2% May 4% 16% 400 17% 3% 3% 1,500 9% July % Mar % "3% 19 19 400 Oct 15 Jan 14% 3% Jan Dec Dec 4 10% Feb 19% D:c lOVa • common Ray Drug common Jun 10% x8 Dec X90 Jan 13% Nov 13 13 100 4 21 21% 24 1,000 14 % Dec 5% Jan Apr % 23% 1,700 Dec 2% Jun 3 Jan 7 Va 2 2% Jun 11 Mar Jan Dec TOO 104 50 95% Jan 104% 99% 100 250 94 Va Jan Finch Oil Corp 101 Va Aug 900 11% 104 • • 15 14% 15- Jun 21% A com 11% 11% 11% 100 9 Mar 14% 7% 200 5 Jun 7 if 7 103% warrant# Jan Tampa Electric Co common— Oct Technicolor Nov 8 Texas Inc 103 % 106 155 154 620 1551s 70 85% Jan 112 Apr Dec 156 15 143% Sep 100 pfd Corporation common common 5 25c Inc Markets 1 1 Roofing Inc Tishman Tobacco Realty Allied & Construction & 1/128 —• Stocks Ltd— dep rets ord regis. dep 13 1 10 „» preferred • 100,400 del rets 1/64 Nov *S Jan Tonopah Engineering 21 22 % 675 —20 70c 25% 24% 25 24 57 56 25% % 225 25 1,200 57 70 Zs 7% 6% 7% 22,400 4% 3% 4% 600 1 22'/« Dec Tri-Continental Jun 1% Dec True 3% 3% Jan Trunz Nov Tung-Sol Lamp Works com 56'/a Nov convertible 80c 300 % Mar 1% „1 1,950 28 % Corn 23% 25% 200 25% Jan Ulen 2% 2% 2% 900 2% Jan Unexcelled 3 May 1% Jun 2% __ 2 2% 99% 99% 7,900 90 Chemical — Apr 2 Va 89 Jan 99% Dec 18% Jun 28 Nov 1% Nov • Canada of Union Investment Co Co Ave ~9% 9% ~9% 700 6% 6% 7 Va 5,900 10 24% 1 8% 3% 9 • Corp common 8% 8% 8% 13,200 Aeronautical Co I Ryan Consolidated Petroleum footnotes 1 common see page 24% 27. Nov 10% 13 12% 13'A 1,316 10% Jun 14 Oct 77 77 77 C-2 Jan 83 Dec 45 43 Va 45 500 1% 2 3,300 1% Feb 275 91 Va Jan 102 Nov ft Jun 1 Nov 20 Jan 3% 11 ' I 1 tc 1% 11> 101% 102 11; % 12 100 Va x39 Jun 6% Jun Jun M Feb Jan Jan 60 2% Mar hi 2,500 3% 3% 300 3 Va Apr 4% 2% 3'/a 9,400 2 J/a Feb 3 Va 19 750 15 % Jun Nov 24% Jan 9 5,100 3% Jun 8% Dec 300 8% Jun 11% Dec 1% Apr 18 % 8% 9 11% 11% 20 Oct Dec Dec 5% 8% 8 Va 4 Jan $3.75 pfd series A Stock Yards of Oct United Chemicals 7% Dec United Corp 19% Nov 2,300 x6% Feb 8% Sep United Light 5% Aug 8% Oct United Milk 6% Jun 37 10 Va Feb - Feb 1,100 4% July 6% Jan 4% 800 3% Aug 5% Jan 8% 600 3% Jun 9 Va Dec __ % Dec 600 1% Jun 3% Oct 2,400 7% Jun 14% Dec 6 'A Jan 7% Dec 50 92% Jan 100 Sep 10 53% May 1% Jun 64 Nov 3% Jan 32 May 49% Dec Jun tV, Jan 700 3 13% 13% . 75c com— _ 50c ' • common- __ 99 % 99% 64 99% 64 3% 2% 3% 50'4 •50% 50% 100 % 14,000 % 200 25% Jun 34 Oct 21 Feb 39% Dec 10% Jan 21 Mar 3 6,200 % 1 li • 34 33 34 7 38% 38% 39 Va 40,900 • 9'A 9 Va 9% 100 warrants Elastic United 100 Omaha— Aircraft Products 10% 5% 5% 4% "5%-May 1 2% 3 13% Union Oil Co of California— 1,300 „ • Hnvnes 23% 1.23 common Ryan Jan 15% Dec 4 United £1 3 Electric Steel 13% Feb 1 5 Corp • — 3 Royalite Oil Co Ltd 8% July 6% Corp Gas Union common Jan U Realization Union Inc 17% Dec 25% xl7% July 19% Jun Co— reg Sep 11 11% preferred , ord Dec 13 600 Jan 27% Ltd— for Dec Feb 3,300 Mar 900 12 1 • 18% Jan 3% 28% F__ZZlOO 33% 128 Jan 28% 2 .1 1 Jan May 8% Inc 26 26% 4 Va Jan 10% 11% 18% Corp Temper Jun 7% 26 120 7% 200 - 8% 3 16% 5% __ 11 Va 11% — -I warrants 52% Mar Jun 600 8,500 . 15 _1 21% July 2% July . 18% Jan 4% .' 14% 100 Corp 15% r 18% £1 5» regis Mining of Nevada. Lux % 22 $.21 ZZZZZZ Co & 1/64 33% 17% __ Tobacco Security Trust Co Shipyard Corp common Toklan Royalty Corp Toledo Edison 4%% pfd 1/128 33 18% —- 5 Shovel Co. Amer Oct • • common Light 7% & Power Trans Rochester Gas & Elec 4% pfd Roeser & Pendleton Inc common For . Light— Valley Gas (Texas Corp) v t c Byerson ~5% 1 12 7 • Russeks Fifth 15% 1 10 100 preferred <fc Grande (The) 15% 1 com Co common 34 400 Richmond Radiator Rowe Dec irif 1 • 8 7% Rlce-Stix Inc Rotary 68% 9% Inc (J B) 9% 13% Aug & Field Jan 3 Stetson 9% Manufacturing common Reading Tube Corp class A Regal Shoe Co Cable 53 ~4 15 Sterling 7% Ravtheon Rome 950 25 Va Sep 9% Railway & Utility Investment A Rath Packing Co common Raymond Concrete Pile common Roosevelt 67% •>% Mar Dec • IOO rets Dec 1% 280 Jan ZZZZZZ_Z* common dep Oct 23% 22'A 1 R Amer 22% Jun 27 Inc ISterling Engine Co 11% 10 ZZTl Aadlo-Kelth-Orpheum option Railway & Light Securities- Royce Aug 10% 6 Brewers Amer Rolls Jun 19 % 66 * Co common & Aluminum Todd Rio Oct 2'/a 1,100 1,200 "4 • 33 % • 1 preferred Electric 3% 1,500 21% 23 % 1 Stop & Shop Inc 11 91% July 2.30 common (Robert) 3 % 2% 21 -1 Corp 11% A Quebec Power Co Rels Feb 1 Co Corp 13% Tilo Reliance 11% 14% —* 15% common convertible Jun 22% — * B preferred Thor $3 8% Dec Thorofare Voting 500 Feb Thew 6% 10% Colorado— Power Oats Jan 10 2% 15% Manufacturing Quaker 13% 3% 3 preferred Puget Sound Pulp & Timber Pyrene % Jun 10% Starrett prior Pyle-National Oct Jun 21% Standard Tube class B cumulative Puget Sound $5 of Jan Va 8% Jun Sep Corp of Nevada 4% Jun 400 400 Jun Apr ZZZZZ 2 % 11% 5 2% America. 1,400 4 3'}? 11% 16 ~3% common ' Oct 500 Jun Co Jan 1,000 Jan Prosperity Co class B Providence Gas Public 19 100 of 5 10,800 Standard-Thomson Z25« Inc Metals Jan U 1% preferred 3 11% 2% common Oct 900 4 % 300 Corp of Canada "5% 9% 1.400 common 91 19% 1% common 88% May 20% 2% Alexander 15 72 'A May 10% 1% Mining Co Powdrell 100 15 preferred 2% common Dec 1,300 85 Jan 1 10 Standard Dredging Corp common 1 $1.60 convertible preferred —20 Standard Forgirigs Corp 1 Standard Oil (Ky) 10 Standard Power & Light com 1 Co Brewing Convertible 1% Pittsburgh Metallurgical Pleasant Valley Wine Co 26% 25 84 % 105% Mar Standard Cap 8c Seal common 2% _ Jun 24 2% Apr 3% 1 common Dec 12 2 * 2.7B ErleZZZZZZZZZZZIao Piper Aircraft Corp Pitney-Bowes Inc 3% • Shoe Corp bpencer 1 Pioneer Gold Mines Ltd Pittsburgh 700 sharesZZL Arner Co Btahl-Meyer Inc 2% • common Feb Jun % Nov 3 Johnson Royalty 29 (The) Governor preferred cum Apr $7 Pierce 16% 10,300 25 25 25 25 1 B 5 preference conv 24 100 Philadelphia Co common Phillips Packing Co Oct Nov 3% 25 preference conv 29 .2,50 common 1% 1 Oct Edison— original preferred cum preferred Mar 47 17% Jun 10 Line 4.88% 29 • pfd.J'* Co & Rubber Jan Jan 5% Aug Jun 3% 15% 12.50 common Pipe 1 common Light 4%% 11% 17 Dec 9% Pa California Southern 2A 23 . £ A Southwest 24 % Jun Apr 46 4% 46 • Manufacturing common May 6% 14% 19 50 • common & Tire Jan 37% 19,800 Pepperell Mfg Co (Mass) Perfect Circle Corp Pharis Oil 23% 7'/a Penn Water & Power Co Pep Boys Penn 6% 3 Corp Corp South 100 Jan 210 ™ 1 1 1 *—1 Manufacturing Co Sonotone Corp common 24% $1 cumulative preferred $1.32 cum preferred ISolar Coast 200 19% 13% 2% — —1 Solar Aircraft Co_. South 21,300 Jan Jun £1 " Paper Mills™ (Howard; May 24 7 common™. Smith 19 24% Ltd Telephone Simpson's Ltd class B Singer Manufacturing Co Singer Manufacturing Co Ltd— Amer dep rets ord regis Dec l Parkersburg Rig & Reel Patchogue Plymouth Mills common 14% 3 28% 10 13% 23 • 1 * 100 preferred Pattern 200 25 20% July 1,400 Publications— 15% 41% 1,100 14% 1,100 — " * 98 Va 2% 27 1 % • • Ltd Breweries Jan ZZZZZZ~Z~S Co Peninsular — 2% 8,300 100 i of Canada Corp of America class A 94 25 — Jun Jan ~2% 7,000 11% • 1 25 common Sherwin-Williams Boss Nov 1% 4 B Water & Power Shawinigan Sheller Mfg Co 200 Dec Jan % "l% ~3% 1 -1 * Control Safety 98 % 40% •' c Pantapec Oil (CA) Amer sh Paramount Motors Corp Parker 105% Nov 3% Dec 1% — 1 1 Inc B) (R 15% 15% • t v 28% 103% 104 Dec 76 98% • common (CA) 300 29 23 % 103% 100 preferred™ Page-Hersey 28 __25 Pacific Pacific 28 Va 28% _____™____25 2% ~i% 24% 5 stock Nov ' 5% % 3% stock Simmons-Boardman 35 Va 3 1st pfd__ 6% 3,500 certificates Allotment $3 convertible Pacifc 2% % 2% Mar 13% . — 1 common prior $5.50 Simplicity Pacific Gas Jun 3 1% Convertible Slck's 1% July 15 Industries Selected 4% 1,000 1% Corp General Shoe Shoe Jan 1% Bros Inc Sentry 1,000 Dec 11% *2% 27 14 Shattuck Denn Mining 1% 1 X26% Jun 2% ~2% Segal Lock & Hardware Belby Jun 4% 25'A —1 .25 Dec Securities Dec 14% 1% common 42% Seeman 12% 3% May 6,900 39,600 1% 3 Va common Steel Co 8,200 8% _25c Manufacturing Scullin l»a« 0 1 30« common 13 % 27 7 -— Scovill Seton Corp 12 26% 7% & Rights Serrlck Corp class B Ogden 12% 26% 1 common Apr 200 High Va Corp Apr 8,800 , 1 1 common. Oil Inc (Del) Fisher Brick Co Savoy 103% Jan United Samson 92% 1% Range for Year J919 Low 49 Ltd Corp preferred conv Salt Dome Oil Co % 314 106% 10614 6% 714 17 17% 10614 714 17% 1 • Aircraft Inc Corp 13% 20 82 pfd-100 Noradel-Agene Jun Jun 8% 11% 11% 2% — 1 10 2,100 44 Shares High Jan 15% 26 Low JNuV 1-ouo 50 Co Northern Indiana Pub Serv 5% Northrop 150 5,200 70o — A Oil Texas RR Penn 4314 4314 50 Airlines Northeast North : 8% 34% 94% Mar 10o% lob 10214 10314 2614* 26% 12% 12% 1° 1014 15 15 % 1 — preferred Niagara Mohawk Power cl A w i Niagara 200 300 70,500 500 - 16% 15% 16 1 : Power 11% 1714 16% 16 11% — Corp— Founders shares Niefira 26% 10 Rosario Honduras Dec l-eo 7 • common Sales lor Week Range of Prices Par High Low High Low Last Sale Price New Yerk Curb Exchange Range for Year 1949 " Par Week's Friday STOCKS— for Week Range Sale Price New York Curb Exchange EXCHANGE ENDED JANUARY (J Sales Week's Last WEEK 1950 Monday, January 9, CHRONICLE FINANCIAL CURB YORK NEW STOCKS— & Corp & Railways Products participating .— common™ preferred.— • __ 7% May 15% Jun United Molasses Co Ltd— Amer United dep N.T rets ord regis RR & Canal __ 100 __ — __ 3% 237 Dec Oct 4% CM Feb * Feb Volume Number 4871 171 THE COMMERCIAL NEW YORK RANGE Week's Friday STOCKS— New York Curb Last Exchange United Profit 10% Sharing Shoe Machinery U S Air $5 U 4% Aug 42% May Universal Products Co Jan 47% 5,500 52'/a 280 37% Jan 41% 13'% 13% 600 6% Jun 14 Dec 1% 1 Vb 1% 3,700 17% 15% 18% 3,500 4% 800 A Aug 13% Interstate Jan 40% • • 4% 4 85 Va Power Debenture ctfs escrow A 7s Nov ex 1947 1 Dec Kansas Power 4% Dec McCord Corp deb 4%s Midland Valley RR— Feb Italian Superpower Corp Venezuelan & Light 3'/2s 1969 3% Jun 6% 1 Jun 1% Jan Milwaukee 1967 M-S 1% 103% 1% 1% 105 % 100 1% Aug 35% Feb 2% Jan New England Power 3'As 1961 u-n $105% 106% 104% 106% 50 % July Ohio 1968 a-o $106% 108 105% 108 1971 a-o $105% 105% 103 106% 275 73 Jun 41 40% ~3% ~3 _3 % 1,500 2 Feb 23% 23% 23% 1,500 21 Jan 41 500 Dec 91 Extended Jan 23% Dec 27 V2 Oct 21 Va Jun 29 Nov 3% y24 % at 4 % Gas Power 1st Oct 1963 to Light 1st 4%s mtge 3y4s mtge 3s Lexington 1st mtge 3s 1964 Pennsylvania Water & Power 3y4s_1964 Sep 5% 5% 4 1,100 68 10 Jun 6% 25% 1 4 % ~4% ~4% 3% 3% 3% 400 Jun 34 V* Mar 3% 2,100 20c Sep 71 Jun 5% 1% May 10% Aug • Apr Oct ex Service 50-year 1 5%s 6% & 100 109 1% preferred Watch 30 Co vtc 11% wi Aircraft Corp Tablet & Stationery com iWm) Wickes Willson Dec. Southwestern % July 1% Apr Spalding (AG) 6% May Jan 8% Sep 115y2 Feb 500 8% 1,200 165 50 (R Brothers Winnipeg Elec Wisconsin Woodall 17 2% Lt & (F American 7% 7% 3% * 4% % pfd Wt 3% 32 3s_198I 8 11% 12% 12% ; 3% Telephone series • ~1% 113 Period 1970 2 -1964 or Sale Price 108% 105 109% 110 % 112 92% 110 18 88% 92% 92 Q 2%s ser T —1976 1st ref mtge 2%s ser U —„1981 City) of N J 5s Lt 100 Nov 1 Nov 1 Guantanamo Mtge A6%s A A 7s (Aug 3 106 106 y4 112% 54% 58% 28 43 % 42 431/2 2 M-S 103% 103% 49 63% 32% 96% 116 * 103% 59 30 M-S $54 33 56% 99% — 52% 99% 3 $103% 104'% 1958 coup) 99 % City 59 60% 30 62'% 62 28 Va 57% 82 % $30 1956 62 1956 coupon $30 1954 M-S 1964 J-D 1960 J-D 1959 3'As F-A 95% 97 10 82 % 107 107 2 106% 108 120 120 120 1 118% 120 Va 100% 104% 102102% Interest Period Bank (Col) — —April 1948 Jan 1947 Week's Last or Sale Price 97 Range Bonds Range for Sold Friday's Bid & Asked A-O Year 1!)4!) No. High Low High $70% J-J $70% J-D 47 71% 71% 44 37 % 46% 2 70% 83% 70 82 — 46 % F-A 1952 J-J 47 % 79 M-N 1953 79 $75 78% $7 8% -- .. 6% 12% 7 13% 15% 24% 33 Va 6 37 Ve 46 Va — ■ M-S 6%s stamped_1958 (Peru) i r—i rP I 14 % stamped (Plan A) reduced 7s to 2008 M-N 1951 J-D 1947 2yaS stamped— M-N 34 $32 46 Va 46% of Bogota— of May (issue of Oct 1927) 1947 5s A-O 1931 1972 1927). Mortgage Bank of Chile 6s Peru $47% J-D $47% __ , .— - __ 41% . 49% 34 61% 80 26% _ $80 . 34 32% — $37 J-D 85 _ -- (Plan A) of) 31% ^50 18% Interest $31 VB 31% M-S 2% 2% 65 2 3% J-J 2 VB 2% 20 2 3% J-J 2012 J-D 1919 — (ser A B C D E) Rio de Janeiro J-J 1997 2 V'Jbs to $31 I 8 2008 1921 reduced (Republic Is to 2%s coupon) 65 •No 102% 1.02% 104 40% „ 1 r—i CC 1 41 15% 19% 24% 31% stamped (Plan A) reduced to Government 2% 6%s (not 40 46 82% 8 32% 84 79 79 % 60 31 % 31 86% 89 18 32 Va 1957 85 61 31 % 87 84 c*y- CO "■ J-J 1952 — 85 Indus- Rail¬ Util¬ trials roads ities Stocks 200.13 52.76 41.29 71.76 198.89 "i ]/4 ♦Friday's A (not included in year's range) r Transaction Ex-dividend, y Ex-rights, z Ex-liquldaAng dividend. transaction year's range), x bid and asked 37 87% 4 32 84 prices; being traded flat. in Total 65 10 10 First Second Indus¬ Grade Grade Util¬ 40 Rails ities Bonds trials 103.04 Rails 1C6.44 no 71.45 103.06 cash sales being transacted during current week. • above—"cod," certificates of deposit; "cons," consolidated; tlve; "conv," convertible; "M," mortgage; "n-v," non-voting stock; 'vtc, "w i," when Issued; "w w," with warrants; "x w," without warrants. cum, 106.57 10 Over-ihe-Counier industrial Slock Average 106.12 Total 101.35 31— 35.20 High ___ 35.20 Dec. 31 27.79 Jun. 15 Jan. 106.12 101.43 Jan. 4 200.20 54.31 41.37 72.29 103.01 107.04 90.41 106.20 101.67 5— 200.57 54.23 41.59 72.42 103.00 107.13 90.91 106.15 101.80 200.96 54.22 41.52 72.47 103.06 107.45 91.48 106.10 102.02 If 2 Closed Jan. — 89.97 Dec. Range for 1!)4!) Closing Date 3_ 35.14 Jan. 4 35.13 Jan. 5-—— 35.39 High 37.83 Jun. 10 Jan. 6 35.43 Low 32.37 Dec. 29 Low —— cumul»- voting trust cirtlficfctei, Compiled by National Quotation Bureau, Inc. 89.77 Holiday 41.02 for receivership. Abbreviations used 85 2 ■ Bonds i Reported Jan. in Averages Holiday 52.88 included (35 Stocks) 18 - Deferred delivery transaction (not included in year's range), d Ex-interest, (not included in year's range), f Ex-distribution, g Ex-stock dir. n Ex- Under-the-rule 11 -Bonds— 20 2— a transaction 87 % 83 86 __ 87 % value, par Odd-lot 58 50 42 81 F-A e principal. 10 , 64 A5%s 42 J-D 1955 30 (j 64 18 ——— A 7s 54 $45 — Stocks Jan. 18 % 57% 130 — daily closing averages of representative stocks and bondi the New York Stock Exchange as compiled by Dow, Jones & Co. — 53 57% Waterways— External 6 %s stamped ARussian $57 — Stock and Bond 3 58 a-o — (issue 118 y4 the Jan. j-j coupon Mortgage Bank of Denmark 48y4 19 $117% 1181/2 RR—■ are Jan. 95% 63 Hotel— 5s Interest 58% May 1952 31 76% 123 84 Co— 1940 1 1947 A7s A J-J Below Dec. A 106% 111'/a . 89 % 139 $79 Co— 7s Mortgage Bank 106 106 J-D coupon) Date— 89 y2 $130 a-o (see Mortgage Interest $110% 111 1963 1941 on 89 y2 a-o Danzig Port & 106 1950 (July listed A20-year AMedellin 108 y4 J-J 1957 1941 102 107 1946 Mortgage 105% 105% 4s series F— A7a m-n 99% 104 % 1940 20-year 7s 105 »/4 102% Sec— 1941 $106% 107% I960 debs 99% 2 M-N 1958 1 $101% 104 f-a Bank— C (Dec 1 —1950 Service 1 96% 108% lOSS's 1953 series E A7s A7s Power series 6%s J-J 1970 3V4s f debentures s Agricultural ALIma $1051/4 106'/4 3%s Western 106% Newspaper Union— conv Maranhao coupon—1953 coupon ser A (coupon on) Ex-coupon market Internationa] 5 Co— Power 103% 107% 100 87 A-0 1961 & 106% 106 1956 5s Western Ry Mountain 343 1965 1940 1947 105 Industries— Dec Dec External A-O 1993 RR Residential 100% 1993 Mfg $104 Corp— Parana stamped stamped Green 6s & Elec 105 A-O 22 RR— 4s ser A Water 104 Friday 94 Division— A 1st mtge 4s ser B Eastern Gas & Fuel 3y2S Marelli 104% New York Curb Exchange 104% $104 J-J 1954 Delaware Lack & Western Elec stamped income Western — 4%s $103 Bank of) Valley 7s_—_—-——1948 Danish Cons Municipal Loan— External 5l/2S———a———1958 107% 104% 100 j-J mtge 106% FA ACauca 102y4 j-J —1976 ref 10b'/a 105 1989 & Washington Water Power West Penn Traction 5s_ — 1st Lackawanna A 5s A 103% m-a —1977 (Bait 92% A-O 1969 Gas ex ^Bogota M-S _1958 ser with A7s 106% 110 A-O Grand Trunk 105% M-S (Bait) 2nd A 7s 104% Pwr 103% 105% — stamped Electric 109 89% & 105% 1970 3%s (Calif) 105 $104 High 105% 100% J -J 114 M-S J-J BONDS 6 12 debs with Low 3 106 93 1966 109% 1965 Y'car 194!) No. 104% 104% mtge 2%s ex Sold High 104y8 104% Lt 1952 3s Range for 108% 108% M-N s Bonds 104% 1978 101% Foreign Governments & Municipalities Friday's J-D —Jan 105'/a 100% — Apr J-J 1962 % 2T7ff -1948 1981 A 6 Jan 106 Corp— 1947_-_ B inc 5s Waldorf-Astoria 165 of 161%" 101 % Nov 108% _1954 148 % 105Va 1973 Gas Hvdro-Electric United 6s 4 Ve 1601/8 1st ref 2%s series R A6%s Jan Dec 106 .—— $109% 112 105 Low 2%s Finland 14 3% $162'% 180 3s Gas El Ercole 10 Ve Aug Dec Dec tl06% 107 5s Elmira Apr 15 Q-F Debenture 5s 1st mtge 33 105% Jun J-D 5s mtge Jun 1998 revenue ser Service Gen 15% Alar Feb 8% Bid & Asked J-J Chicago Transit Authority-^ Consolidated Jan 1970 debentures M-S $106% 162 A6%s with Aug 1 1940 coupon—1988 A6%s ex Aug 1 1947 coupon 1953 Oct 5 6s States Electric debentures conv 11 Nov 3rd Week's Range Canada— Central 1st ref Apr 2%s Steel Debenture 8 1960 Edison Debenture Feb Terni Jan 3,600 Last J-D 58 Dec 9 23 % 12,100 Friday Interest C Bethlehem Boston of 18ya Jun 12% 500 4 £1 : $102% trust (Hugo) A7-4s Sep 98 5s M-N 5s Corp (Hugo) A 7-4s Stinnes Dec 900 Low Consjl 31/4 19% 8% July 2% Apr 200 16 Ltd— deposits receipts—.. Appalachian Elec Power 3%s Atlantic City Electric 3y»s 3%s May 7 225 14% 16 BONDS Cities Jun 2 15% July 400 13 % Va 31% 2 common New York Curb Exchange 5%s 14 100 Inc. Wright Hargreaves Ltd 5s Jun 500 13 6s Gas Gas collateral Stinnes Jan 22 5s Dec 36 AStarrett Dec 35 Jun 30O 25 preference 5s 167 Jun 5% common— Pwr Woolworth Bell Jun 100 19% 7% w Petroleum Oct 27 yB 50 2% 19% common w Industries Woodley 6% 17 — & Co preferred 11% Jun .138 100 19% 10 Corp C) 31% 2% Corp 26 i% July 5V4 Products Inc Wilson 5% Oil (The) Williams — & Co River a-o 1971 Dec Feb 6% 20 Ve Mar Weyenberg Shoe Mfg 65 j-j mtge 3s % 2% 1 31% 107 $30 B ser Counties 1st 1,050 10 Whitman Jan 8,050 8% — 105% 107% $59 Edison California Southern Mar 2y8 21% 20 $106 1973 1st & ref M 3s 13,200 1 Westmoreland Coal Pow & Southern 1 Va 165 — Westmoreland Inc Wichita 111 112 pfd__100 Western IS May 107 J-J Co— A 5Va % % 8% 20 105% 1962 Lt series 11% 1 4 1 1.25 Jan 1,400 1% 10% 1 Va 5% Wentwortli Manufacturing West Texas Utilities $6 preferred Western Maryland Ry 1% 1st Joaquin 99% $105% 103% 1998 California Apr 9% July 108% Sep 109 1% 1% 7% 500 93 Gas & Electric— 3%s 1% Aug 1% 99 65 j-d 1960 Gas A Southern ~8% 57 Nov Co ~8% $08 % coupon—1960 coupon debs series 62 105'/4 106 Co— 1940 Elec Queens Borough Oct 13 Va 1947 Public Jan 3% 1 A6%s Jan 61% • Inc Hydro-Electric A6%s with Oct 5% 08 360% j-j 1970 Piedmont — a-o Park V 1 Baking Co warrants Warner 103% 800 Waitt & Bond Inc Ward 57 109% 100 900 8 preferred Waltham "I 108 % 103 1% Wagner Baking voting trust ctfs ext_ cum 103 21 4% San $2 11 85% W 7% 51 1% Safe Harbor Water Power Corp Aircraft f-a 53 .— 49% J-J 1950 51 4% • Manuafcturing Waco $30 J-J 91 27% 63 84% 10 common Syndicate High 62 % 10 common Petroleum Venezuela Vogt Low 57 1 10 preferred Steel Co Vanadium-Alloys Year I!)!!) 4% 50c common convertible Range for Sold No. 90% $58 1963 (Kb 3%s $4 Bonds High 88 1982 1952 coupon A 90 % J-J Isarco Hydro-Electric Co— A 7s with Nov 1 1940 coupon.. Jan 1% Friday's 1 - Valspar or Bid & Asked Co— 16% % July 12% Mar 2% Week's Range Last Sale Price 1 5 Light 7% 40% Utah-Idaho Sugar & Apr 44% Reclaiming Co Power 1% 1 United Stores Corp com Universal Consolidated Oil Universal Insurance Utah Jun 47'/a warrants Period Low 10c . Interest High 40% Securities preferred with Radiator common S % 1 1st U S Rubber Low 25 common— Conditioning Corp U S Foil Co class B U S and International (! New York Curb Exchange 28 common 1 Specialities JANUARY Friday High 27 EXCHANGE ENDED Range for Year I!) I!) 10 Preferred United (127) BONDS Shares 25c com preferred-- United Low CURB WEEK FOR CHRONICLE for Week of Prices Par FINANCIAL Sales Range Sale Price & Range for 1948 k 28 (128) THE COMMERCIAL & FINANCIAL Transactions at the New York Stock Exchange and Daily, Weekly Stocks and Miscel. Week Ended Jan. 6, I9b0 Shares Saturday Monday Tuesday Wednesday Thursday Friday Int'l Bonds United States Bonds Bond Bonds Bonds Stocks $1,927,000 $129,000 1,258,080 3,531,000 523,000 $2,056,000 Week Ended Jan. 6,1950 Holiday 1,890,540 5,562,000 497,500 744,000 Monday Tuesday Wednesday Thursday 6,059,500 5,406,000 6,150,000 8,787,600 295,000 9,082,600 8,664,120 $25,213,600 $2,188,500 —: ^ 1950 shares 8,644,120 1949 $3,000 Bank $495,500 12,000 964,000 13,725,000 91^739,070 724,750,500 925,139,900 $14,925,600 Week's Last Range Sale Price Par Agricultural ChemicalSugar Refining Tel Tel_ 100 Woolen • Anaconda Copper ; 100 American 50 Carpet 6% RR 153,000 $914,000 $185,000 $18,000 $1,117,000 Edison ' • —— 34% Mar 165 Dec Jun 150% Jan 351 22% Jun 38% Feb 30% 652 25% Jun 35 Jan National New Cash York _ • Motor 120 Jain Jan Pepsi-Cola 46% 47% 1,466 40 July 47 Dec 14% 14% 14% 450 12 Aug 19% Jan Pure 2 5 38 300 5% class A 1st pfd stamped— 100 5 5 5 960 8% class B 1st pfd stamped— 100 5% 5% 5% ♦ 21 5 4% • . 21 a __ 4% 12%. 10 Nov 40 12% Jun 13% 75 30% Oct 32% Dec 28% 135 24% Jun 31% Jan 4 % 3% 4% 350 3% Jun 4% Sep 17% 16% 17% 114 13% Nov 17% Dec 33 %c __ 9% 9% 9% 328 8% Nov 12 Oct 28% 29% 175 10 Jan 25% Jun 32% 12% 12% 140 9% Jun 14 Jan 16% 16% 17 281 14% Jun 17% Oct 11% 11% 93 10% Oct 11% Nov 25 __ 68% 66% 68% 236 60% Jun 74% Oct 10 26% 25 % 26% 390 20% Jun 27% 35% 36 33 Nov 43% Mar 26% 27% 20% Jun 26% 5 __ Oil (N Oil (Ohiol 5% Jan Timken 7 Apr 21 Jan Dec 12% Dec Feb 6% Jan Oct Dec 5% 70% ■ 15 _ _ Standard 14% July 3% Jun 562 36% 35% Dec 32% * 38% July 8% Jun 567 70% Nov 11% _ _ Standard Jun 5 120 3% 67% . 12% * _ Jan 1% 2% 29% July 3 % July 15 12% 10 _ Oil _ 2 36 _ _ Vacuum Southern Co 72% 290 35% a _ Corp Dec 50% July 30% Feb 72 27% Oil Radio 42% 50 _ Socony 35% 34% 36 High •, Jun 75 105 32% Pennsylvania RR 120 Low 24% Mar 34% 42% 28% Car Apr Range for Year 194!) 70% 71% "! * Packard Shares High 34% * Oil Mar 2 for Week 42% 1 * Central Ohio Edison Ohio 110 38 Sales Range of Prices Low 10 __ Register 100 Prop Trust Week's —5 Motors 5 & Hecla $59,757,000 a 132 100 Street Stores 118 Railroad— Copper Range Co Dep't 108 47 Service $49,636,000 Last Electric 118 100 Mass Sep 45 32% Mar 138 2,941 stamped prior preferred Eastern 46% 28% 7% Boston Personal 1,791,000 '$845,000 « General High 27% Common Calumet JANUARY General Railway— Maine & 9,298,000 1,792,000 EXCHANGES ENDED 107 100 $48,668,000 10,142,000 6,000 $1,117,000 Total 100 _ Elevated 95 45 $37,702,000 178,000 18,000 Par 28% - $661,000 185,000 government Federated Low 146% 147% 27% 75,016,108 Friday Range for Year 1949 1948 66,201,828 Sale Price Shares 1949 1,043,910 Foreign corporate Sales 43% x39% 1 147% WEEK FOR Calendar Year 1949 1,663,646 - t STOCKS— High 42% shares 100 pfd- _ Stamped Cities 4,000 $914,000 Foreign $817,949,070 $1,013,829,210 for Week of Prices Low • American Boston 1,000 13,000 Domestic 83,461,310 Exchange Frlday STOCKS- Boston 45,000 136,000 Bonds 3,985,000 1,185,600 25,213,600 Boston Stock Boston 257,000 1,663,646 $1,243,000 RANGE Albany 303,000 459,970 1950 OTHER STOCK & 248,000 Week Ended Jan. 6 $27,402,100 Bigelow-Sanford 285,000 5,000 302,218,965 $2,138,500 Industrial Total Boston $8,000 46,000 372,945 Stocks—No. of Foreign & 71,000 197,000 1948 272,203,402 4,969,210 U. S. Government American ■ 206,000 Calendar Year !949 Bonds American Total $128,000 -—•——-—— $27,402,100 Week Ended Jan. 6 & —-—1—- 276,266 Total International $10,000 Holiday 292,130 Friday Railroad $118,000 Foreign Corporate Government 262,335 . 2,012,180 Stocks—No. of Foreign Domestic Shares) Saturday 4,054,000 2,547,930 Total Bonds (Par Value) (Number Sales of 055,390 Exchange Daily, Weekly and Yearly Total Government Bank Foreign Monday, January 9, 1950 Transactions at the New York Curb Yearly Railroad Number of CHRONICLE 43 Jun Jan U S Roller Steel J) _ _ a Bearing • (new) 70 115 Oct Dec Ry— ' Common 6% — - 1st preferred series A_ 100 — 100 5% preferred adjustment Lines 60% 60% 10 57 Jun 68% 68% 70 35 68% Dec 88% 40% 40% 41% 275 Aug 41% Dec 22% 22 23 925 19% 38 38 39% 465 29 69% 68% 69% 327 Inc Assoc ' - _ >' 25 s ' ?' ■ General • Electric Gillette Safety 43 _. Razor a Co_ Hathaway Bakeries __ 1 __ 23 May 40 Dec New ■ 69% Dec Detroit 'It 43% 2,523 33% Jun 42% 35% 673 23% Jun 37% a Copper 10% 27 8 % Mar 11 Va 5% 50% 51% 40 Jun 100 common preferred Mathieson Chemical Corp Linotype Mergenthaler 14% 14 14% 600 10 Jan 14% 70% 72 385 58 Feb 70 - imm. ' 48% 177 34% July 47% 370 46 Jun 59 Sep 7% 220 7% Nov 240 10% Jun 11% May_ 17% Dec 13c Jan 25c Jan Jan 11% Dec Apr 96% Dec 9% Jan 5 17% 17% 1 17c 20c 1,300 11% 2,532 95% 370 New England Electric New England Tel Y New 20 System Haven & Tel 100 Hartford Stop _ Drug Co Shawmut 8% 50 15% 335 20% 21% 19 11 « 35% 34% 23 54% 54% common. —25 46% 45% 46% __10 Nov 13 Aug Jun 37 Dec Dec 35 % Jan 44% Jun 55% Dec 42% May 52% Jan 40% 40% 18 38% May 41% Dec 38% 75 31% Aug 43% Jan 115 115 14% —— 12.50 Corp Dec 37% • System Inc Westinghouse Electric Dec 18% __ ' 100 Waldorf 21% Jan —— 25 __ Feb 10% 850 Co Dec Jan 22 % 2,398 _ '32% 32% 20 14% 33% 115 25 12% 1,447 128 Sep Electric Altes American Friday STOCKS— Week's Last Range Sale Price Par Davidson Low * 7% 20 20% Mach & Electric Cine & Cincinnati Eagle Detroit Jan 7 Oct 343 18 Nov 25% Feb 50 12 Mar 15% Jan 15% 16% 220 12 Jan 16% Dec 33Va 33% 80 Jun 30% 7% 7% 44 Un Tel Stock 50 Yd 80 % 75 * 12% 18 Vz * common Lunkenheimer Apr 32% Jan 104% Sep 26 Dec 28% Dec 80% 91 76 Jun 90% Feb 5% 200 75 63 48% Dec 4 4% 66 Dec 10% Jan 46 20 45% Jan 47% 60% 68 43% Jan 60% Dec 15 Dec 21 15% 305 85% 718 221 225 12 7% Aug 57% 215 Feb July Mar 17% Jan 86% Dec 225 July * 20% 22 37 7% Jan 22% Dec * ; ; 11% 11% 40 9% Jun 12% Oct 33% • common 33% 17 28 July 40 Nov American Tel & 1 Tel 100 Armco Steel 10 Trailer Wood 25 101 29 Va 296 28% 7% 138 19% Gas Graham Light see page Feb 23% Jun 7% Sep 8% 8% 2,525 4,354 4% Jun 8% Nov Jan f 20 Hudson Motor King-Seeley 23% Sep 500 1% Jan 2% Jan 7% 620 4% Jun 9% Jan 23 - _ McAleer _ _ Screw Masco _ Michigan Sugar — 1 Motor 5 12 ___ 72c 4% 10% 10% 1 12 72c . ■ 2 2 4% 250 900 17 95c July 23 3% Jun 226 7% Aug 344 52% 1,665 6% 12 Mar Dec Feb Dec Jun 72% 3 Jun 5% Jan 10% Dec 2% Jan 6% Dec 11 600 5% Jan 2 175 1% May • Nov 4% Sep 12 Va 400 10% Jun 14 Jan 13% 13'A 200 9% Jun 13% Dec 14 14% 1,005 9% Mar 14% 4% 5% 600 22% 22% 100 5% , 14 5% 1 800 12 6 ■ 3 ' 1 „ 6 3 400 2% 15 2 Oct Sep 8% Jan Jan 22% Dec Jun 3% Oct 1 % 1% 100 1% Feb 1% Dec 1% 1% 1% 680 1% Apr 1% Dec 1 4% 4 4% 10 7 1 common 700 7 1% 1% 4,700 1% * 7 % 1% 1% 600 •3% __50c * Products Murray National __2 Stamping 100 2% Mar 4 6 May 95C Feb 2 1 Feb 1% 7% Sep Oct Mar Oct _ Peninsular Metal Products Pfeiffer Brewing Rickel (H W) & Co —_ Raisin Rudy Manufacturing Paper 610 3 Dec 4,016 3% Jun 4% Jan 2% 100 1% Sep 3 37% 1,041 24% Jan 38% Dec 2% 2% 2,000 1% Jun 3% Jan 1,175 18% Jan 36% Dec 38% 37% 2% i.2% 2 5 2% —10 _ 12% _ __ Scotten-Dillon Manufacturing 39 500 2% July 4 Feb 6% 100 5% Aug 7 Nov 2% 5,468 1% 2 2% Dec Union Investment Jan United States Warner 490 10% Jun 12% Nov 700 11% Jun 23% Dec Wayne Screw 9% 600 15% 200 11% 4,100 4 _ common common Products Young Spring & Wire common- common _ 1 _.l Dec 12% 23 10 . _ — 11% 9% 8 ■ Radiator Aircraft Jun 12% 15% 1 Jan 1% 5 _ commoii July 6% 1 1 Axle 2 22% 1 Manufacturing Co , 6% 1 common Dec Dec 2% 2% ' River Dec 25 15% 4% 1 __ 4 Jun Jun 4 * com Feb 17% 10% 36% * Parke, Davis common 3% 275 2% 4% 1 common 400 1,175 2% ! • Chemical Park 4 27% 16 16 10 common 27% 27% _ Corporation Dec Dec 22 Va 4% 5 Dec Jan 1 Mid-West Abrasive 34% 30% 22 — 45c Oct ' 29% 26% Mar 5c 1 _ _ common 70% 115 1,700 30c -1 Nov 30% Apr 13'A _ Feb 30% Oct 3% 12% Oil 23% 30% 12% 1 1 Manufacturing 37% Dec 24% 2 —2% _ Prefbired 155 Dec Jun 11% Mar 1,000 40c -12% _ 154 13 15% 200 2 % * common common Products 29% 33% 150 13% 2% 1 common.. _ 70 Jun 23 13% 1 common 29% Jun 23 13% _1 Kingstoh Products Kinsel Drug Oct 2 1 _ _ 20% Jan 2 1 Car Kaiser-Frazer 22% 8 7% —5 Jun 9% 22 22% _1 _ _ common Corp 67% 7 36 Jun 1 Udylite Corp 25% 35% May 5% .. Lamp Timken-Detroit 35 Sep 5% _ Houdaille-Hershey Jan 638 30% 16% _ __ Hoskins Manufacturing Jun 13 243 100 __ _ Motors 10% 32% 34% 500 _ Paige 150% 12% Dec 375 10 Jun 32% 68 6% _1 Jan 12% Jan Jun 7% Motors 29 % _* Dec 46 25% 5 _ 69% * 10 16 281 1 _ common- Industries 25 Service City Products ( Power & 29 Va 9% 146% 147% Jun Nov 6 Va _ __10 Chesapeake & Ohio For footnotes 9% 147% 7% 7% Mar 13% 7% Manufacturing class B Soss Airlines American 6% May 14% Dec 25% Stove Brewing Brewing Ale Sheller Stooka— 3% Aug Feb 1 _ Mfg Steel Corp Corporation Jan 60 Feb 6% _2% — 19% Mar Jan 83% Dayton Dec Jun 23 84 Va Columbia 12% 15 Va • Cities Jan 11% Mar 10 Procter & Gamble. Unlisted Jan 76% 220 10 Printing 7% Jun 345 11% B Oct 12% 11% S _ & Frankenmuth McClanahan 18% 11 % U 3% 254 Sep 45 15% 100 34% Dec Apr 104 1 Randall 8 33 Magnavox Rapid 26 Va July 17% 4% 60% * Preferred 5 46 50 * 12% 18% 26 79 74% 245 4% 45 * preferred 31% 104 27% 5% 10 Kroger 30% 103 27% 25 Insulation Hatfield Kahn Bell 30% 104 66% High 2% 1 Edison Gasket Detroit-Michigan Hall 135 _20 common.__i Picher Formica High 7% 5 Street Sub Low 14% 100 Milling 66% <■* Goebel Brewing 20% common.SVfe Preferred Cincinnati Range for Year 1919 High • 66% common Gerity-Michigan 6% 16% 1,510 General 19% * Brewing Champion Paper Churngold Corp 707 14% Geramer 14% Burger 10% Motors Bros Detroit Gar * .— 8 CNO&TP Shares 14% 10 14 Detroit & Cleveland Navigation- Divco Sales 2,050 13% 10% 14% __ Cunningham Drug Stores Sep for Week 100 _25 Corp Continental Dec * ___ Laundry Baldwin Gas of Prices 1 14% 5% * _1 _ Consumers Power 14% Exchange 2 i_— __ Range for Year 1919 Low 2% 200 ' 33 % Jun 20% May Prod—. Rubber Chrysler Shares High 2% Burrdughs Adding Machine Fruehauf Cincinnati Stock Cincinnati Sales for Week 5% _1 _ Metal of Prices Low common Brewing Friars Cincinnati Range Par Allen Detroit ... Aluminum Last Sale Price Apr . American Week's Friday STOCKS— Baldwin 15% 29% ' 66 55% Vermont & Mass Ry Co_ 6 Jun 11 55 550 Jan 17% Jan Nov ' 5 • Machinery preferred 45c 12% 25 35% 22% Nov 4% Aug 13% 588 11 —.' Jun 13% 1,420 6 Va 19 '' 5% 21c 15 • __ 132 17% * a com 79 4,500 6 _ Shoe Rubber 16% 17% 7% 40c 1 _ _ Drill United S —50 a Fruit Co 6% 7% _ Elec Securities United U 28c —2.50 Inc Shop Inc Twist 40c ..r~ Torrlngton Co Union ___ _ Association Suburban 94 100 __ & Webster & 10% 94% 2.50 Pennsylvania RR Stone 10% Detroit Stock Exchange ■ & North Butte Mining Rexall Telephones WOodward 2-5525 Dec 52% 7% ■ National Cos DETROIT Building Jan 47% 52% "l 56% 51% ' —— _• 385 Nash-Kelvinator Service Ford Exchange Chicago Stock Exchange Dec —;— ____ Exchange Dec 72 • Narragansett Racing Assn N Dec New York Curb Exchange Nov 100 — Maine Central RR Stock Dec 10% ' Kennecott York Stock '. 34% : 10% Members Oct 41% 35% _ _ Jan ;Jun 53Ttr*Jah .'"I" '• ' .... watllng, Lerchen & Co. Oct 100 — B ; • class SS 3 • preferred Eastern 170 100 6% Employers Group 4 3% '• —— _ 4% 90c 1 1% * 27% 4% 81c 1% 27 8 4% 300 300 8% Aug 14 8% 6% -■3% 1,800 72c 1% 420 93c 27% 300 17% 93c 12 Nov Jun 18% Jan Jun 10% Dec Feb 8 Dec Jun 6 % Jan July Sep 1% Apr 1% Jan Jun 28 Nov Volume 171 Number 4871 THE COMMERCIAL & FINANCIAL OTHER STOCK RANGE Los Friday Week's Last Sale Price Juneau Gold Mining Co Alleghany Corporation (Un) AUls-Chalmers Mfg Co (Un) American Airlines American Power Amer Radiator Inc & & St American Smelting & Refining American Tel American Tel & (Uni Co Armco Steel Armour & Corp Avco (Un) (Un) (111) (Un) —5 & Santa Fe Ry (Un)_..100 (Un) 25 — (Un) Petroleum Bros Co Corp 14% 445 a56% a55 % a56% 1,793 73% Home Corp (Un) Appliances Inc_ Cons Bethlehem Corp Jun 37% Jun 35% Jan 418 8 104% 8 100 al02% i 1105% 39% 39% 39% 6 6 11% 3% 6 • Feb 39% Jan Jun 7% Jan 12 980 10% 485 4 665 3,700 a36% <a37% 390 a9% 1% 1% 570 2%c — 75c 37% 2 %c 1,000 Apr 1% Dec Diamond Bolsa Chlca Corp Oil 4c Nov l%c May 7% 7% 200 5 Jun 1 8 6 6 3,075 4% Oct 10 Company (Un)__^ Borg-Warner Corp (Un) Broadway Dept Store ._15 5 a50% 50% 43 38% Feb a58% 48% a60 150 46% Feb 57% 7% a 1,125 6% July 10 7$ Jun 23% Sep 24 Co Byron (Un) • Jackson Co Certain-teed Cessna Products 25 Cities Service Colorado Fuel & 670 10% Jun 15% 50 39y2 Dec 42% 9% 2,535 250 19% Jun 24 Jan 1,821 13% Nov 17% Jan 8% 9% 364 Jan 12 Apr a48%a50y« 204 Jan 28 Jun 35 417 950 4'/a 4 4Vo 1,100 67 66 67% 1,471 44% Jun 67% 69% 350 38% Feb 65% Iron Corp 69% 4% 4y8 * com 16'/a 20 System (Un) • Liquidating Consolidated Vultee 53 370 32% Feb 29 180 25% jun 36Va May 33% Oct 2,252 12% 13% 9% Jun 14 8y2 8% 320 7 Nov 9 Apr 5y4 5% 570 4% Jun 6 Mar 50c 4% 4% 4% 2,220 2% Jan 4% 23% 24y4 342 17% Jun 27% Jan 12% 14 % 2,131 3% Jun 15 Dec • 1 12% 6% 5% 6% 925 20% 20% 20% 250 1 Corp Aircraft Motors Continental Creameries Crown Oil Corp Co Zellerbach (Un) (Del) America of 19 100 4% 5 31 % 31 Va 31 y2 468 17 Va Jan B Regis Paper Co (Un) Roebuck __ 8% 8'/a 8% 1,010 6% 33 y8 32 33 % 915 22% Jun 1 19 % Co & • Trading Corp 25c B 19% Jan 19% Feb 43% Dec 68 70 609 45 Jun 68 Dec a37'/8a37y4 140 31 ya Feb 40 Dec 4c July 20% Feb a8 a8 400 35% 36 2,182 36 122 28% Jan 29% Sep 27% 140 Dec 2,925 21% Mar 6% Jan 28% 27 28 Dec 4% 1,300 11 11% 530 4% a57% Inc— 1 — Corporation • — Douglas Aircraft Dresser Co Industries Electric Bond Electrical Inc C FAR Liquidating Garrett Ltd A — Motors Holly Hudson (Un) 167 12 Va 44c 1,700 12/16 12/16 718 40c • • (Un) -10 a47% - * 1 12.50 of Can 100 16% 71% 1,298 16% 347 -10 (Un) __4 (Un) ; O11 For Sep a43% a44% 251 37% Feb 45 Va Dec 737 62% Jun 72% Jan a43% 68% 1 __ & RR 100 13% Feb 2L% Dec 995 16% Feb 28 Dec 1,003 9% Jun 11% Dec 36Va 70 28% Jan 34 Va Dec a60 a60% 247 49 Feb 64% Oct 27% 28 Va 11 11% 35% — —•' — Jan 16% Feb 17% Dec Feb 9% Dec- 25% 25% hot/ 20 Mar 24% Dec 35% Jun 45 Va Dec 25 Jun (Un) Corp a69y4a7iy8 — — * (Un)_* (Un) — 43% 43% 357 27% 1,672 206 76% Jun 86 5 (Un).; Jan 20% July 26% Dec 11 14% 26% 26% 250 10 15% 13% 15% 1,432 1 Inc 3% 3% 3% 200 Corporation United Gas Corp __ _10 Dec Warner Bros July Western Air Western Union 45 3% 120 12 Va 4% States Steel ___ 18% 18% 38% 38% 288 27 Va 26% 27% 3,763 10 (Un) — * 12 41 % 41% 41% 150 15% 15% Pictures Lines Inc 9 % 1,882 95 (Un) 1 Co (Un) Oct Westinghouse Elec Corp Willys-Overland Motors Inc Jan Woolworth 14% 122 9% Feb 14% 385 8% Nov 11% (F W) Jan 36% 38% 750 22% Feb 36% Dec Jan Feb 9c 20 2.10 2.25 2,500 Jun 2.40 Co 9 * (Un) —> 12.50 ( Un) (Un) 10 32% 32% 643 6% 6% a48a49% 195 109% 109% $1,000 — a49% 13% 325 10% Aug 13% American Tel & Teleg 2%s Jan 29 350 27 31 debS—1957 — Jan a36 % a36 % 50 a— 315 8 9% 9% — Jun Midwest Stock 11c ■ STOCKS— Apr 5% 1,000 7c Oct 20c Week's Last Nov 2,832 1 3 Sep 9 Jan Abbott 17 Nov Acme 16% 334 15 51 51 380 43 46% Aug May 56 % Jan Adams 46% 46% 1,581 39 Jun 48% Nov 7% 7% 7% 550 Admiral Corp (new) Advanced Aluminum 5 Jan 7% Oct Aetna 8% Mar Akron 100 7% 7% 650 Range 26 — 500 14% Jan 18% Aug American Airlines Jun 28 Nov American Investment Jun 315 American Rad 26 Va 425 306 60 224 18 303 17% 55% 17% — — * — • Inc Inc — 1 1 1 8 —— i 1 © 50c Feb 51 Feb American Tel Jan Anaconda 9% Feb 16% Dec 5% Feb 7% Dec 23% Dec 32% Dec 7% Jan 48 Va Aug 108% Oct 4% Nov 45 Vb Mar Armco 15% July 18% Dec Armour 11 22% 22% 368 11% 12% 2,236 975 400 6% 4,000 7 2,280 20c 20c 2,600 1.40 1.45 2,150 31% Steel & Asbestos 48% 62 6% JUn 59 Jun 17% Jun Mar Dec 8% Aug 17% Jun 22% jun 13 % Jan & Co 37 % Jun 50 Dec 1,300 18 Oct 20% Dec 16 16 20 13 Aug 17 17% 19% 4,800 14% Nov 19% Dec 5% 5% 100 7% 1,050 19% 7% Jan Bendix Jun 11% Jan Berghoff Brewing 19% Dec Binks 1.30 Dec 11% 41c Jan Eorg Mfg 2.65 Jan July 32 Va Dec Borg-Warner 31% 242 28 28% 435 Brach 24% Jun (E J.) 32% Jan 21% 21% 200 18% Mar Bruce (E 21 Va Dec Burkhart Feb 4 Dec 28 Dec 28% 1,300 17 % May 10% 4,900 9% 14 13% 22 14% 400 1,000 7% 16 10 10% Jan Jan 10% July Feb 22% Dec Jun 14% Dec 1,800 138% Jun 150 Va Jan 2,800 25% Jun 35 Jan 29% 700 19% Jun 28% Dec 8 Va 2,500 Jun 8% Dec 147% 30% 28% 30% 29 28% 8 7% 146 % 147% 5 lVe 1% 1 Va 200 1 Apr 4 4% 4% 4% 450 2 Aug 1% Aug 5% Jan ; 3 1% 1% 100 1 % June 2% 6 Va 1,700 5 Jun 7% Jan 25% Jun 36% Jan Jun 15% ~6% 5% ,____* 33% 33% 5 — Corp__ Corp 11% 12 37 ' 37 37 • Corp__ 10 Corp 32% Co Manufacturing 2% ___ 8 11 27 Feb Jun 37% 400 4% Jun 7% Jan 31% 32% 1,300 23% Jun 33% Jan Dec Dec 12 Va 350 10 Jun 13% 13% 14 750 9 Feb 14 Dec 57% * common 350 200 4% 11% 14 5 & Sons L) (F) 250 Jan 4% 1 (Un) 34 12 1 W) Mar Sep 3% Feb capital Co- (George Dec 27% 10 Sep Nov Dec 3 28 Va 5 Mfg Co 8% 5% 6% 200 1,200 21% Dec Dec 2% 3% 10% 6 1 7c 23c 6% 4% Jun 3% — — 3 Steel High 500 20% 10 Bastian-Blessing Co Bethlehem Low 51% 50 Corp Aviation Range for Year 1949 19% 100 Co Belden Shares, High 3 Va (Un)__• (Un) ; Products Corp Automatic Washer Mfg San (Un) Athey Avco Sales for Week 20% 1 Co Mining Co (111) Mfg (111) Tel 12% Jun 20c Jun 3% Dec 9% 103% 3% 1 Stand Copper 483 14c (Un) & Jan 603 Feb Dec July 13% May 21 % Jun 1 Laboratories 2Va 17% 18% Allied 1.90 55% 11% 17% Jan Dec Jun a8% 12c 1.45 Dec * (Un) footnotes see page 36 — 6% Jun 1% 65c 17% 17% July 27% — Corp of Calif 7 — 1.45 20% 290 aC% 11% —— (Un).—1 (Un)_100 12% 35 51% Nov 26 306 2,100 -- 26% • 17% 1,175 * • Brass Manufacturing Alleghany Corp (Un) 25 85c __1 1 Jan 1% 80C Jun 51 5 16% 11% (Un) common of Prices LOW * common Castings Bearing 17% • Limited- Roller 90c 80c 1 & 1,076 1% —-5 Ball (J D) 6,139. 11% (Un). Co 1.35 1% 1 Mfg 25% 11% —1 Jun Co__ 1.20 1 _ Co 6% Steel 24% • 20 5 10 16% __1 — Par Laboratories —— 7 Va _i. (Un) _ 11c 4% Dec 39% 20% Exchange Friday a— 11 19 16% July 33% Sep 143 — 1 Mar BONDS Dec 13% Dec Oct 5 July 2.10 95c Sep May 13% 1.35 185 Oct 10% B Inc Tel Dec 10% 7% 32 Va Jan Jan 14% 1 Jun 2% 150 8% a22Vs a23% — 10 Corp ■ 2c Dec 26% 27 50 10 a85% a85% — 25 41 5% f 6% 5 (Uh) Corp Lines a21% a21% 27% 10% Air com Co 68% 100 Carbon of Calif 66 p'n Feb 10c .__ Railway Co Corrmanv Finance Oct 69% II,230 Nov __7 Co Co Pacific Co — .115 Aviation — 22 Jun 8% 9% • Petroleum Corp Co Apr 56% 16% 36% 10c City Lines Inc National Distillers Prod Corp (Un). Edison 17% 2,094 19% 175 1,400 343 65l/4 8% 835 ' 21 Va 1 10% — Feb 21 64% — 64% Jan 16% Western 42% — 37% Jan 10% — 27% July Dec 42% Jun 200 69 % __ 1.70 49 Va 35% 25% 42% 1.85 Jun 35% — 1 Universal consolidated Oil Co 1.75 Sep 32% Jun Jan 1.80 10% 403 Feb Jun Feb 3,551 53 Va a33% a33% Sep Nov 11% 53'% — 19% May — National Aircraft 45% Apr 1.1% 53 Va 58 1 % • —3 Ward & Co Inc Nash-Kelvinator Corp (Un) Oil & Aircraft Air 72% 33Va 11% 29% Aug 35% Aug 11% Nov 104 500 Jun 13 Apr 671 2 8% 27'/b 23 V2 1% 100 150 23 United States Rubber Co 100 28% 15% United 11% 128% Dec 16V4 Nov 11% Nov 23% Nov 11% 32 a7iy8 17 335 28% Mar 2 69 112% 112% Sep 477 10 Jan 112% 31V2 (Un) Co Oct ■ 31l/2 31% July • 11% (Un)_7% Montgomery Oceanic Jun 30 Apr (Un) 65% , Occidental 41% Mar 52% 45 —* 34 % • k Northrop Jun 28 • __ Middle South Utilities Pacific Pacific 35% Nov 27 % 25 (Un) 90 1,450 Angeles Biltmore Hotel Co_ Los Angeles Investment Co —i. American Oil Union Jan 29% 26% Mar 25 (Un) 273 89,500 Los Northern Carbide Union Jan 310 3,489 Sale Price Aircraft Corp Inc (Un) Corporation Jun United 10% __1 New York Central RR 300 Dec 7 %C Lockheed Nordon Union Jan 34% Oct Dec 178 * Jan Jan Dec 10% Corp Petroleum 13% 7% 34% 17% 29 y2 • Century-Fox Film 65c 42% 4%c County Land Co Merchants July Aug % July 13% 29% Tri-Continental Corp (Un) 16% 7c Company—. Magnavox Company Menasco Mfg Co Transcontinental Twentieth 34% 10% Kansas Power & Light Co— Kennecott Copper Corp (Un) Loew's Jan Dec 10"*"''Feb 25c Corp (Un) Petroleum 21% 795 33Vic (Un)__ International Paper Co (new) International Tel & Teleg Lincoln 31c Inc Oil 18% Feb — Corporation Oct Jun 9% 39% Mar • (Un) (N J) Sulphur Co Feb 14% 620 23% Calif (Ind) Assoc I,478 10 (Un) 45 6.66% ; Corp (Un) Gas Light Co Llbby McNeil & Libby Trahsamerica Sep 17 15 % - • 45 45 —3 Company Laclede Tidewater Dec 42% a70% a72% — __ Imperial Development Co Ltd— Exploration Co Kaiser-Frazer Feb 72 United 71 * • Independent Oil 9% Feb 16% 183 25 Gulf Nov 24% 47 28 Texas 50c Jun 14% 34V2 25 Company (Un) Oct Jun 18% . 9 pfd class A_ of Webster 12c 1,120 47 Texas 100 95 Co Oil Co Dec 1,100 26% Studebaker Corporation (Un)—, Sunray Oil Corp common Swift & Company (Un) 16 a47% a48 % 71% _• Co__ Corp 14 ' & 42% 42% 5 .. __5 Nickel 301 Stone 16 III (Un) Corp Petroleum 40c 301 Standard 8 7% Jan 50% 12% Co of Calif class A—_ International 100 12% 2 common Hunt Foods, Inc Illinois Central RR Co (Un) Intercoast 640 72 Feb 17% * Motors Interlakc Iron 8% 5 Oil 37 18c 23% 47 .—.— United Corp Motor Car Dec 11 __ Development Nov 8% 22 ' Corp Ry Co pfd Greyhound Corp (Un) Hotels 13% 29% 100 216 __1 __ Northern Hilton Feb Jun 200 200 _ Oil Jan 18 Bank_100 Public Util Corp (Un) (B F) Company Goodyear Tire & Rubber Co common Hancock Jan 19% General Graham-Paige 8% 55 % 18 Goodrich Great 25 7% Jun 6% Standard Oil Co " -5% 54 % Mar 19% —- Natl General Foods Corporation General 14 a29 72 Corp Co 14 7% 4 Merchants Electric 50 —5 Co Corporation General 473 7% 8% Corp Exeter Oil Company Farmers (ind v« Standard May 18c 26% Company Southern Railway Company Standard Brands Inc (Un) 17% May 12% Dec Jun 50C Share & 6% a28% •' — — 7% • ;— Inc. Products •— (Un) __5 Publishing Company (Un) Curtiss-Wright Corp common (Un) 6% a57% a57% Nov 10 CO Co Pacific Nov — 25 Calif Gas 27 Feb 37 23% 25 So. 500 10c 25 preferred Southern 36 Sep 25 4.88% Southern Nov 16% — ;—.—:—25 preferred preferred Dec 30% preferred 8% Mar 31 Va 34% 16% 1 Dec 558 23% 15 (Un) Jan 930 — * < Dec 6% 19% 36 1 Corp 4.56%t preferred Jan 17% 42 32 43% * Aircraft Company 4.32% 72%c Mar 19 Va — * Dec Dec 43% 70 a37% Dec 6Va Jun 1.75 (Un) 15 Original Dec Jan Co 30 Oil , 47c 25 Jan 20 Jun 4.48 % Jan Jun Jun 4% 6% 5 Curtis Jun 15% s July GOO • Co Southern Calif Edison Co Ltd com—25 Jan 10 25 11% „1 (Un) sy8 ■ __. (Un)_ -1 370 Apr 4% Aug 16 1,800 Corp common Socony-Vacuum Oil Co Inc Feb 160 27% 25 * 3y4 12% ■ Continental North 39% May 34% 29 5'% Co Finance Apr 33% 6 Solar Dec 3% 303 16% 12% 30% — 488 16% 16% 12% __ 12% Commonwealth Edison Co (Un) .23 • Consolidated Edison of N Y (Un)_ Consolidated Engineering Corp_ "II Consolidated 16 4% 16y4 Jun 10% 8l/2 Signal Petroleum Co of Calif Dec 69% 1 May 3 8 49c Oil Sinclair Dec 10 f Dec 41% Class Dec 35% 8% 49c Oct 16% Jan Jun 5% Sierra Dec a39 10 ___1— Gas 15»/4 Oct 4% 17% 3% 13V4 Signal Oil & Gas Co class A Apr 43% 20 Va 1 Oil 32% July 9 1 Shell Oil Co I3y8 Dec 16'/« 1 (Un) Clary Multiplier Corp 40 35% 16y4 Co 910 a39 __ *.—1 Company 13Va 70 675 39% Sears Jan 15y4 __ 23 Aircraft Preferred 15'A 10 Corp 127/a a23% a23% __ ___25 (Un) Chrysler Corp Columbia 13% —* Caterpillar Tractor Co Kern Apr __ Budd Canadian Pacific Ry Co (Un) Case (J I) Company (Un) Jade Nov 53% — Security Company Dec 7% Dec 62 % Jun 6 Nov a57% 7% • 29 Jan 5(1% 2.50 Aeronautical Seaboard Jan _ Sep 51% 47o 4% 34% Co Schenley industries Nov 5% Corp Borden Ohi" Oct 7% 27% 400 54% 1 Ryan Jan 2 140 61V2 4 __ a50ya Mfg Co Richfield Sep 2% 28% a38% a39% __ Blue Ohio 10% 33% Jun Nov St Dec 7 28% 1 Inc Ranch Apr Safeway Stores Inc Jan Jan 27% Jun Rice Nov 26% High 16% • Gas & 36% 150 Low 20y8 • Pictures Oil Sep Apr 28% 9% 25 • 33% — 33y3c (Un) Drug Rheem Jan 18% 23% Co Jan 32% Ciy2 50 Corp (Un) Corp (Un) Rexall Apr Oct 50 (Un) Republic Steel Jan 4% 21 Jun 9% 400 a32 '/a i a22 Vb . a32 Vb 25c Oil Republic Apr 10% Apr 8ep Co (Un) Reserve 12 Jun 2.50 15 2,035 a9% Jun 7% 425 17% 8% RR Radio Corp of America (Un) Radio-Keith-Orpheum Corp (Un) Republic Petroleum Co Dec 33% 10% . Pure Dec 5 — • Phelps Dodge Corp (Un) Pullman Incorporated (Un) Dec 8% 97 1,250 13 PI 29 Jun 162 26c Co_.lioc Mining 5 Jun 3% —— 20% Jun Oct 82% 16% a3S% 63 135 11% , Pennsylvania Pepsi-Cola Co Jan 25% 12 (Un)___ Cons Feb 23 28% 10 30% 200 28% — 1,017 35% 54% — — • American Airways Corp (Un)__2% Paramount Pictures Inc (Un) 1 Jan 502 54% Mar class A—25 — 33% 28% — 10 Corp Pacific Western Oil Corp Packard Motor Car Co (Un) Jan 54 160 850 25c Mining Co Steel Malnmoth 14% Jun 28% 28% 5 Jun Jun Lighting Range for Year 191!) 35y2 — 25 Indemnity Co Shares High 33% 33% Pan 30% 12 — 42 188% redeemable preferred for Week of Prices Low 25 preferred—— Pacific Dec 28% .20c Bendix io ya 15% 25 . Pacific 10% , July 8% Jan 30 25c 5 Jan Mar 73% 1 Aviation 4 27% 28 — a 7 166 146% 146% 73% _10 Consolidated Oil Co Bendix Benguet 220 1 j common Barnhart-Morrow Elack 2,695 —3 Baldwin Locomotive Works (Un)——13 Baltimore & Ohio Railroad Co (Un)..100 Basin 10% 10 Manufacturing Corp Bandini Dec Jun 2% Sales Range coinmon redeemable 5% Dec 33% 15'/a (Un)_-30 Refining Co Barker 3% Jun Company Atch Topeka Atlantic Jun 27% 300 9% • Co 2% 352 13% ._14 Mining Copper 300 33 15% 100 (Un) Anaconda 3% & Elec preferred 5'/c High 3 Va 15% « (Un) Co American Woolen Low 10% _• Corp Viscose High 67c 33 « (Un) Range for Year 101!) 3% ' Week's Par 3 Va 1 II Co Friday Sale Price Pacific Gas Shares • (Un) San (i Sales of Prices LOW .10 , (Un) Light JANUARY STOCKS— for Week Range Par (129) EXCHANGES WEEK ENDED Angeles Stock Exchange STOCKS— Alaska FOR CHRONICLE 59% 300 43 Apr 59% Dec 52 200 40 Mar 18 450 30 50 49% 18 —— 17% 30 56 Oct 14 % Jun 22 Jan 16 Jan 31 „ Dec * 29 SO THE (130) COMMERCIAL & OTHER STOCK IIANGE Sale Price Par Burton-Dixie Butler Bros Canadian Pacific (Un) Carr-Consol Biscuit Central & South Illinois Central wd_ com <* 111 Secur Corp common Central Convertible Chesapeake & Chicago Ohio Corp Milw Chic (Un) St Paul com Co Dec Jun 14% Dec St Louis Nat 100 3374 Oct 36% Dec St Louis Public 35% 4 % Mar Richman Stockyds .16% Dec Schwitzer 13% Jan Sears Jun 10% 10% 200 9% Jun 2,500 500 27 Dec 3474 Jan Serrick 9 Feb 14 Dec Shellmar 100 61 6574 Jan Signode Steel Nov Sinclair Oil 28% 29% 13'/a 64 74 8% 100 125 1,300 115% 66% 1 Jun 4% 8 Jun preferred S4.50 Alum Club Illuminating Prod Coleman Products (The) Columbia Co Co Inc Gas (Uni_. System Edison Commonwealth Crane (Un) Curtiss-Wright, Corp (Un)_______ Detroit & Cleveland Navigation Doehler-Jarvis Credit Domestic Chemical Dow Jun 600 100 36 74 Mar 43% Dec Standard Oil 200 24% 34% Dec Standard Oil Jun July 774 Dec 15% Aug 28% Jan 3,900 10 13 7,600 25 12% 30 % 31 Du Pont (E I) de Nemours (Un) 27% '7% 8% Jun 6% 61% 5 1374 July 9% 1,700 Works Paper Eddy Corp (The) 0 7% Elder Manufacturing Flour Mills of America Inc__ Four-Wheel Drive Fox Brewing common (Peter) General Amer 10% 5 Auto 28% ' 8% 8% 36% Transport Container Stone Jan Studebaker Corp Jun 31% Jan Sunray Oil 7 Jun 3 % 600 2% Dec 44% 1,100 36% Feb 25 68% 66% 68% 1,300 60% Jun 7474 Nov 10 26% 25% 26% 1,400 20 Jun 27 % Oct 19% 19% 100 12 Jun 20% Dec Sundstrand Swift & Dec Swift 374 Dec 61% 62% 1,500 43% Ctfs Dec 56% 63% Jun Nov of * General Motors Thor 10 1 Public Gibson Gillette Safety Glidden Co Goldblatt Gossard * Razor (Un)___ * Tire & (W * Bros Hammond Western 1 Co Harnischfeger Corp Helleman Hupp Brewing (G) Corp Co l7/s 34% 5 common Preferred Illinois ___10 Co Central Jan United Dec U Jun 73 Nov Jan 17 Dec 974 Jun 6 Jan 24% Jun 3774 Dec 17% Jun 25% Dec 15 Oct 874 Jan 37'% Dec 4374 Jun 3% Jun 14% Inc 14% Nov 18 974 Mar 13 38% 12% Co Shoe-- Wiebolt Stores Inc Indust Woodall 23 Drug Co Zenith Radio Corp 1% Feb Nov Oct 28 Jun 13% Jun Nov Dec 3674 Feb 24 Jan 3 Jan 77/a Kelley Island Lime & Transport— Kellogg Switchboard common, Tel American Key Company Knapp Monarch Co Salle Extension University- Laclede-Cliristy 5% 1st Budd Dec 29% Dec Jan 46% Oct Dec 10 Jan & Leath Co Libby _*■ preferred McNeil 7 1 __ common. 14 Jun 10% Feb Dec 11% Jan 15% Nov 10 Jan 15% Feb 10 Nov 6% July 474 Jun Oct 8 Jan 8% Mar 117 a Dec 15 Jun Dec 150 July 20 35 Dec 39 74 Feb Jun 87 s Sep 8 6% 1,800 100 150 Field & 1474 July 39 Dec 22 64% July Brick Metropolitan Midwest $1 t v 6 __ 16% 9% 25 * 6% 6 12% 25 6% 13 17% 23 17 % 22% 23 Ward & Co common * Nash-Kelvinator Corp (Un) ___5 28% 54% 17% 29% 5674 17% National Standard 10 25 25 25 1 __ 17% l common 25 Cement Mfg • Montgomery National Tile Central York New : : Mfg & RR (Un) * Hundred Corp Nineteen North American Car North American 5 Oak Mfg 374 Jun 6% Dec . Co_— 10 200 550 650 500 3,300 550 100 19% 25% 19% 25% 19% 27 200 400 10% 26% 10% 10% „ Oct 26 11 14 Apr . 1474 Jan 17% 16 Jan 22% Apr 29% 47% Jun 59 24 15% 2,300 28% 600 2374 Paramount Pictures __l * (Un) Patterson-Sargent Co Peabody Coal Co common 5 5% prior preferred Pennsylvania RR Peoples 25 50 100 Gas Light & Coke 33%c Pepsi-Cola Co (U11) Pressed Steel Car common Process Pure Corp Oil Co (The) , Radio-Keith-Orpheum footnotes see 6% 16% 17% __ 9% l (Un): page 36 * __ » common (Un) Quaker Oats Co common Radio Corp of America (Un) For 22% 15% 29% * » 1 103% 13% 8% 14 100 974 July 16 Oct 7674 200 62% July 77 74 Dec 33 33 100 2074 July 33% Dec for Week Range of Prices Low High Low 31% 2,185 1474 1474 14% 1074 12 31% 150% 138 Dec Jan 11% 936 Jun 16 Dec 8% 400 12 Jan Jun 21% 285 146 74 14774 147% Range for Year 1949 Shares High 30 3174 13 Jun 12% Jan 3.25 Jan 2% 2 2% 397 1% Jun 13% 13 15 7s 510 9 Jun 16 12% 13 7a 327 7% Jun 13% Dec 63 68'a 773 44% Jun 68 % Dec 7 7% 298 47/a Jun 2274 237 a 220 21% 227 a 493 39 74 , 6674 7%. 16% Mar Feb 8 Oct 22% Dec 22'% Dec 185 Nov 217 Jun 100 182% 182 74 1 190 Oct 213 Mar 70% 72 74 2,910 51% 15% 15% 50 12% Battery General Gimbel Brothers Lehigh Coal Lehigh Valley RR (Glenn L) Martin 4174 7174 16% Jan 34% Jun Jun Jan 51 % 72% Nov 5 Jun 17% Jan 774 8 500 6% Jun 11% Jan 474 ~7% 10 • 1 Navigation & 22% 10 __5 Corp Motors Pennroad 5 270 3% Nov 5'% Dec 10% 10% 140 7% Jun 12 11 1074 11% 1,665 67/s Jan 11% Dec 22 21% 22% 2,447 16% Jan 22% Dec 1774 167a 17% 6,632 13% Nov 17% Jan 32% Jun 45% Nov 32 Nov 37% Oct — 1 • 50 10 • • Corp Pennsylvania Power & Light Pennsylvania BR Pennsylvania Salt Mfg common Pennsylvania Water Si Power Co Philadelphia Electric common div $] PhiJco Apr 4474 common 45 74 87 37% 36 3772 362 24% 23% 25 7a 4,153 20% Jan 24% Nov 2474 2478 25% 243 23 Nov 25% Nov 34 * 3 preference common Corp div preference $1.40 Reading 3274 34 292 22% Jun 40% Jan 25 74 26 731 20 Jan 25% Dec • 25% • 50 0 2974 Scott 29 % 2974 204 25% Jun 29% Dec 2174 20% 2174 602 177a Jun 23% Jan 6974 67% 70 74 431 46% Jan 69 % Dec * 59% 5974 597a 304 52 Feb 6674 Sun 3 74 374 37a 1,390 3 Dec 3% Dec 1 13 % 26% 2674 2674 1,238 18% Feb 26% Dec 45 45 54% Feb common Co Paper common Oil United Co. .— (without dividend) Corp United Gas Improvement Oct BONDS Baltimore 1975 Transit Co 4s $11,000 Apr 37 Dec Pittsburgh Stock Exchange Jan Jun 1374 Jan Apr 16 Nov Aug 31 Jan Jan 2074 July 27 74 Dec Columbia Gas System Dec Follansbee Steel Corp Feb Sales Week's 11 Dec 1074 May Jan Week's Friday Range Last STOCKS— Sale Trice Allegheny Ludlum Steel Blaw-Knox Fort Pitt Co * 10 1 Brewing Harbinson Walker Refractories com—* 4% Jan 10% Apr Mountain Fuel High Low 22 17 y, Jun 26% Jan 1474 50 31 Jun 15 74 Nov 1274 55 9% Jun 12 12 25 9% 13 146 8% 11% 13 2474 Dec Jan Jun 12 Oct Jan 26 74 2174 21 15 18% Jun 23% 31% 3174 10 Sep 13 21 —— 10 31% 25 30% Dec 39% Mar Supply 5 24% Feb May 24 8 Jan Fenn Pittsburgh Brewing new com w i 25 2 6'/8 187 207a Jun 25% Dec 22 74 437 15 Jun 23% Jan 4 74 5 7a 4.350 274 July 4% 2'% 220 2% Dec Jan 5% Aug 5 2174 2'% _J Lone Star Gas Jun Range for Year 194!) 12% 12% 1 . Shares High 14% * — Sales for Week 22 2174 * — of Trices Low Par Jun 19% 20 Jun 15 Dec 19% Jan 13% Jun 17% Jan 106 2,100 8% 300 200 1,500 5 50 4,100 800 14 75% 395 8% 7%* 4 29% 103% 103% 12% 13% 8% 8% 7% 4 28% Dec 417a 3% 1,000 4,900 100 Dec 1474 182% 182 74 2,400 100 50 1,500 6% 16% 17% 133 8% 9% 16 1274 100 4,800 5% 15 15% Oct ' Jun Jun Jun 9 com 9% 21 % 22% 17 133 Dec Last Light Si Power 4% 15% Dec 33 5 -—-—* :* Joy Manufacturing Co 9 21 % 2674 Jun Dec 3374 32% 27% 4 Jun 20% 10% Jan Jun 32 28% 4 20 74 600 Co of America class A Mar 33 32% 2% 3,600 Storage 4% Jan * (Un) Jun 10 74 • 17% Jun 8 (Un)_____ Dec 25% 100 capital Corp 31% 6% (Un) Car 374 100 5 ' 12 2% Jun 550 3.100 Co Airways Jan 1,200 38% * Dec 22 74 Edison Motor Dec * 100 Oct 10% 24 Oil American Dec 2% 3% 38% Dec 21% Ohio Pan Oct 374 3874 Dec 3% 5 "3% 500 Electric Delaware Jan Oct Ohio Packard 5 Nov Finance Chemical Nov Nov 4% 27 74 Co 13 10 874 15 Jan May 19 200 12% 18 Dec 9 74 9 74 15 26% Sep 14 3% 15 1 Apr ' 2,300 3% 12% * Bancorporation Co . 3% 11% 20 Co Northwest Dec 150 ,50 100 50 1,600 400 6% 16% 9%: 28% 56% 17% Portland 50% 50% 10 Minneapolis Brewing Co Modine Jun 50% 1 c common prior preferred Missouri 32'/4 50% <•" __1 Piping & Supply Hart 50 100 __4 Meyer Blanke Co Mickelberry's Food Prod Miller & Dec 197a 1,600 28% * Portland Cement Medusa Dec 28 26% 28% 14% 1 13% • Apr 2474 24 __ 45% Jun T 22% Mar 26% * • Co Dec 1074 300 Public Service El & Gas common Marshall McKay Machine Co Jun 34 1,500 774 Mar 14 Jun 474 Jan 8% Dec 674 10 10 20 54 20 52 52 * 674 .8,100 700 39 7% 8 Co Light & Chemical—. Lindsay __ Libby & Lincoln, Printing 7% 11% 14% 39 14% * common.: Cumulative 7% 11 42% 800 15% * 674 7% 100 45 % 400 Company 2774 10 Dec 50 50% 1374 100 4074 __4 Sessions Co : & Dec 12 preferred 1,200 1,300 5 Light (Un)_____ Laclede Gas Lamson Co Dec 1774 43% Baltimore Transit Co common 46 125 300 600 100 29% 13% Locomotive Works 27% ____5 Jan May 11% Mar 20 11% Corporation 45% * .1 _ La Jan Nov 13% — Arundel 27% 13% 9% 5% 7 13% 6574 49% 2 Baldwin 46 14% 700 13% Tel & 27% 14% 13% 9% 5% 7 13% 1,400 19% Par Davison — 30% 16% Friday Apr xl3% 9% 11% 29 Sale Price Jan * Feb 8% July 45% STOCKS— 35 * Nov 49% Philadelphia-Baltimore Stock Exchange 18% 13 50 50 350 8% 900 250 • : 31% July 10 700 « Dec 15% * Machine 350 1,100 10 10% 60 7 12% Youngstov/n Sheet & Tube 15 33 1 common Dec 11'/a 27% Class B Katz 3674 33 American Stores 39% July 16 50 Jun 26 % common Yates-American 14% 33 7% 27% 32% common 33 7% 1,100 27% Bankshares Wisconsin 15 7% 3578 32% Chrysler Corp Curtis Publishing Co 0 Jan 974 —7 Westinghouse Electric Corp * Shoe Stephens Shinkle 1174 * * Harvester International Jun 18% Oct 274 1% May 1,100 674 11% 1 Oct 37 500 30% Jan 8% Mar 60 Dec 9% 60 60% 1 (Un) (Un) common 29% Aug 19%, Jan 300 1174 35% * Dec 3 Jun • Light & Bys Co Steel Sep 25 11% 9% 10 (Un) (with div) * International Air Carbon Si dividend Jan 1 '/a May 22% 23 28 1.100 Jan 10 Feb 3 16% Feb 11% Jan 17 10% July S Western & Lines Corp Without 1474 11% 200 450 50 Jun 1674 10 % * Tool Steamship Johnson United 427a Jun 10% 37% 100 Pneumatic Independent Interlake RR Air Jun boo 1% 1374 11 35% 25 5 2 5 La Salle St Corp_ Carbide Jun 15% 23 __ Oct Dec 19 ; _ Brick 14 74 46 % Jun 200 35 32 6% Jun 52 500 350 250 3 Hydraulic Press Brick common_______5 Illinois 12% 27% 12% 24 21% 24 21% 24 __1 Door & -12% 26% 11% __ 10 1 common Huttig Sash 12% 27% * ___2 15 % Oct United 10 650 1,600 100 600 2% 11% Union 50 1,700 5 common Transcontinental 34% 100 12 1% 11% 14% 2% __ * Brewery__ Instrument 11% __ * Cooperage class A 44% 208 South Jan 674 300 525 15 Nov 12% Jun 42% May 2,550 200 25% 18 Dec 16 28 % Jan 4 200 8% 347/a 44% __ 1 (Un) Gray Drug Stores Great Lakes Dredge & Dock 16% Feb 95 9% l,50o 72 8 15 * common.. Co H) Co__ Rubber Graham-Paige Motors Griesedieck __ _* Bros Goodyear 8% 70% 24% __ 31 Jun 16% July 300 100 20 1,500 16% 71% 5 (The) Sep 9% 25 (The) Co Jan 8% 974 5 Jun May 300 14% Ltd— Co Corp 46 500 347-8 Corp Utilities Refrigerator Co General Grief 15 Nov 27% 11 % deposit Co. Texas 2474 July 100 62 40 l,10o 5 42 5 (Un.) 4% Mar 4574 16, 27% 1 1 Co 8 7% 1 Tool International Jan 43% General Candy class A General Electric Co ' 850 12% 12% 12% 10 common Machine Apr Dec 36 Nov 10% 47 15 43% 874 1 5 (Un) (Un) 974 Jun 274 10 com Furniture 874 Dec 4% 2674 Jan 5074 47 Mar 10 7 274 (Un) 100 10% 5 Jan 2174 43% Corp Dec 400 47 1% common Oct 17% Jun 43% 2 1 Stewart-Warner Corp common 8% 3% 17 10% Jan 674 474 Aug 25 (Un) J) Spring 22% 2,800 200 100 30% 83 17 10% (N (Ohio) 30% 55 % 5 10 5 5 Indiana Jun Jan 3% 30% 79% 2 Sep 1,200 Steel Standard Trane Eaton Manufacturing Co Apr 24% 16 74 574 600 1,400 55 % 3% Dec 13% Jun a Dec 12% 4 100 15 29 Jan 19 15 74 Oil of 36% _l_l Corp class A___ Co Apr 10% 1,900 1474 Dredging common 20% 8% 22 1,400 100 Standard 50 __ 200 1,850 2,100 Standard 7% 5 11 % 28 74 5 (Un) Jan 6% 1 11% 27% 27% 17 Lathe Bend Jan 16% Oil Vacuum South Dec 13% 1674 Society Brand Clothes common Socony Dec 44 Jun 8% 1 15 Nov 67% Jun Jun 34 1,400 23% Jan 30% (Un)__5 Corp 1 44 74 74 43 43% 227 76 7% 28% ■ 2374 63'% . Dec Nov 13 Jun Dec 75 43% Jan 3174 Jun 9 * Corp 70 12% 25 Co 22% 100 13 16 34 % 1 : 1,000 12 74 Aug Storkline Continental Motors 29% 13 10 % July 20% * 25 Aug * 39% Feb 43"% ,__5 Dec 2274 ' 100 73 % . 6 74 Corp__ 4,900 34 V4 * common h Jun Strapping 15% 34'A * 1 Foods 11% 12 1 Corp class B common 60% 75 _* Electric Cleveland Clinton 33 7 __ * Co 38 74 Jan 4574 & 116% 26'% Jun 111 Roebuck 14% 15% 2774 33 74 Dec 3% 150 28 31 * Cummins 68% __ 1 common Dec 4274 1,200 5 74 5 5% 1% Spiegel Inc Iron Cliffs Cleveland 22% Jun 21 50 1 1,200 41% 115% 115% 66 68% 7% 41% 44% Apr 37 6 40 44 74 Dec 30 74 July 400 23 40 42 Jan 74 6 Dec 23 Elec Co common 9'% Aug 40 * Industries (Un) 20 27'/a Jun 4% 23 com Sangamo 16% 12% A Schenley 16 8% 10 Service Dec Jun 17% 2,700 * ; Dec 274 % Mar 1,50() 6% -10 ——* Co Bros St Louis Car Co 11% 64% 2% Service Cities 1574 Feb 400 500 29% * Chrysler Corp Jun 2 10% 300 __ vtc_-* preferred 10% 1,700 3,700 2% Chicago Rock I si & Pac Ry common..* Chicago Towel Co conv 100 3% 14% 2% 0 Pac & 15% 10% 25 __ Dec 16% 1 preferred 11% 20% 5 common Convertible Jun High Low 2474 6 674 Range for Year 1949 Shares High 2374 2474 • 2% (Un) Republic Steel Corp Rexall Drug (Un) 20 2% 20 1 Cherry Burrell Corp common Dec 18 Jun 6% 3 35% » (Un) 13% of Trices Low Par High 700 11% 1474 __ 1 preferred Products Certain-teed 14% 200 Range Sale Trice Range for Year 194!) Low 17% 15% 31/4 5 Shares Sales for Week Week's Last STOCKS— High 10 74 __ 1 Corp— of Prices 17 10% 25 common West Light 17 10 common— for Week Low 12% Corp JANUARY f> Sales Range Last EXCHANGES ENDED Friday Week's Friday STOCKS— WEEK FOR Monday, January 9, 1950 CHRONICLE FINANCIAL Aug 134 Dec Jan 12 Apr National Fireproofing Corp Federal Old New Corp preferred $2.50 2% * — conv pfd w 10 2% May * 2774 May 54 Dec 200 32 Dec 35 Dec 634 28% Jun 3774 275 674 July 6c Feb 16c Mar 12% Jan 20 % Dec 32%, 37% 3674 37% 7 7% Mining 1 Tic 10c 11c 4 Steel 1 1974 1974 1974 Jan Standard Jun 33 % Oct United 10512 Dec 9% Jun 14% Jan 7% Jun 9% Apr States Common Spring voting trust certificates Westinghouse Westinghouse Air Brake Electric Corp 11,000 50 874 5% Dec Jan Feb 6 6 100 4% Sep 574. 1 Glass common Dec 274 Dec 717 San Toy Jun 2% 3,100 Jan 86% —-. 50 2 B 25 1 — 50 33 25 i Pittsburgh Plate Glass Pitts Screw & Bolt Corp Jun 2% 50 , 574 400 474 Sep 1,440 21% Jun 34% Jan 2074 Jun 32% Dec 1 ■* 2574 25'4 26 12.50 327 a 3274 33% 161 6 Apr Volume 171 Number 4871 THE COMMERCIAL & FINANCIAL OTHER STOCK RANGE Friday Range Sale Price Par Air Reduction Alaska Cf> Juneau Alleghany Corp American (Un) Gold Co __ 1 Inc (Un) % 1 __ JANUARY 6 STOCKS— Factors Ltd American & American Amer (Un) :_20 Foreign Power Power Radiator & & Light Stan (Un) 4 (Un) San Sales Martin Shares Range for Year 1949 High Low a22% a23'A 120 20% 3'A 200 2% Jan 3% 425 2 Va Feb 9% 10% 1,640 17'A 17'A 70 2% 27A 400 7% (Glenn) & Co Robbins Inc (Un) Lode Mines 12% American Woolen Copper Mining Co M Oct J & M & Cons M Feb 15 Dec Jun 14% Jan Nash-Kelvinator 192 45 Va Apr 54 3A Dec National Auto • 138% Jun 1493A Jan National City National 3'A Dec 20 Arkansas Natural Gas class A Armour & Atchison Atlas Co (111) 28 28'A 454 22% Jun 37% Feb 29 '% 29 'A 377 25% Jun 34% — al04% (Un)_100 (Un) 5 __ Atlas hup Diesel Engine Avco Mlg Corp Avco Mfg Corp common (Un) 35% 1,822 110 7"% 77A 7 3 6'/a 6 6% Corp Distillers Jan 2,210 22c Jun 34c Oct 1,600 15c July 23c July 17 17 2,166 9 'A Jun a4 6 3'A Aug 9',4 44 a54% a56% 440 25 (Un) 48 Dec 4% Jun Feb 9 Nov 57% Mar 1319 19% Mar 27 17% 376 10% Jun 17% Dec 17% 18 930 9 Va Jun 18 Dec 8% 8'A 225 6% Jun 8% Aug 22% 23% 1,330 17% Feb 22% Dec 7% 7% 270 5% Mar 7'A Oct ll>/4 11% 575 Jun 13% Nov 12Va 17% _i 25 17% 1 . 18 6% May 24% 5 Froaucis (Un) Natomas Co Dec N 12% 780 Jun 12 % Jan Dec Jun 8 Aug 102 25 20% Mar 26 27 Dec 5 838 Jim .7% Jan Jun 7% Central RR (Un) • North Oct 7% 5 2,000 6'A 23% Jun Y Jan Amercan Aviation North Jan , 5% __ Dec 5 4% • Dec 12 87 1,600 23% • 1 35'A Jan 40 7 — 3 28 Va July 150 al04% al043A a22% a22% 2'A - 35 all'A all% 5 Fe 2.10 Jan 35V« * (Un) com Topeka & Santa Corp (Un) Apr 37% Aug 25 a4 a56% (Un) National Linen Service Corp Anglo Calif Natl Bank 11% 190 9'A — 9'A * Lines __ __ 67 . High Jun 175 17 com—4 10 Fibres 2,494 146% 147Va 50 1 (Un) Montgomery 7% a54% e56'A 7% 33% May 1.35 Jun 25 ;_10 10% 147% 317 1,440 190 (Un) 410 Jun a40% Range for Year 1049 Low all 15% a4Q'%a41'A 14% P10 (Un) 260 a56'/e (Un) Prefetred Jan 15'A 100 (Un) 22 1.4Vb 1% Shares High Dec 4 Jun _18 1 Menasco Mfg Co Mindanao Mother 14% (Un)__* American Smelting & Refining Tel & Tel Co (Un) 15 al03A 15% (Un)—_——* Ward & Co Morrtson-Knudsen Co 14'A of Prices Low 1 common Navigation McKesson 23% May 4 'A Nov Feb Co Matson High Feb 3'A • for Week Par 15>/b __ • (Un) American Anaconda __ Sales Range for Week Monolith Portland Cement American Week's Last . Sale Price 3% __ 10 (Un) Airlines Low 4 Min of Prices 31 EXCHANGES ENDED Exchange Week's Last WEEK (131) Friday San Francisco Stock STOCKS— FOR CHRONICLE American Co 1 American Oil 11% (Un) 10 9% Cons ll1/* 11 % 600 8'A 10 .19% 19% 570 17'A 100 (Un) North American Investment com North __ 17% 17'% 500 10 43% 44 623 37'% Jun 18% 18% 100 13 % July 10 Northern Pacific Ry (Un) Oahu Sugar (Un) 43% 100 20 — Jun 11% Jan Oct 19% Nov 16 Dec Mar 60 Jan 19'% Dec \ Baldwin Locomotive Baltimore Beech & Ohio Aircraft Bendix Bunker Byron Corp (Un) Co__; Co Corp 33% Jan 3.00 Paul Ry __ — __ 16 Va __ RR — __ __ * __ J __ 29% (Un)___-* com __ 100 __ 25 Co (Un) Chemical Columbia Gas __ 3M» 34 Broadcast Columbia a66% —10 Co System cl B__2% System com (Un) • Solvents Commonwealth (Un)__ Vultee Motors Creameries of Crown Natl Zellerbach Dow Bank * Dumbarton du Pont Eureka & T Co Foods General Motors State (B Goodyear Corp * — — 6% 5 Northern 10 Kaiser-Frazer Kansas Power — __ 90c Nov 33% Jun 27% 8'A Va 8'A 100 8 Va Jan Jun 5 34 Va 232 18% Jun a65%a(,8% Oct Jan 32% 44% 67% 42% Mar 70 Dec 270 25% 33 Dec a29% a29% 30 12% 12% 200 27% 10% 28 — 260 - Jun 2% 13 Dec 20 Va Dec 30 % Dec 4 % Feb Jun 21% Mar 29 Va Dec Jun 12 Va Apr 11% 1,005 6% 6% 400 5% Jun al3% al4 150 8% Jan 14 Dec 100 100 60 87% Jun 100 Dec 28% 29% 1,811 20 Jan 30 Dec 104 104% 7'A 7'A 62 8 94 300 8% Mar 104 Va Dec Feb 5% 7% Nov 7 Dec 60c Dec 4 670 30 20'A 2,016 24% 13/64 13/64 280 13/64 9% 75c Dec 123 5 Feb 6% 61 Vb 61 Va ii Feb Jan 2.85 Nov 6 Jan Apr 31% Nov % 7 Dep July 705 47% Aug 62 40 Jun 48 Va Dec Jun 14% pi'd Jun 42% Dec % May U Sep :% no 9% 31 3,050 a28% a29 'A 5% 5% 110 43 43 744 % July 22 % 5 34% May 7% 29 6 Va Apr Jun Nov 42 Va Jan Jan 41% Jan 48% Dec 53'A Jun 72% __ 12% __ 13% 605 10 Jun 16 % Jan a34% a34% 12 35 Nov 35 Nov 13'A 22% 22% 100 20 July 12% 12% 920 10 Feb 67% 68 150 56 73 a__ a72% 44% 44% 44% 225 2 1% 2 750 (Un)__* __ 10% a71% a72% a42 a42% 10% 103A 37% Jun 25 Feb 14% Jun 69 Dec a__ Jun 1 Va May 44 Jan 23A Mar 35 34% Jun 41 Va 1,348 9% Oct 11% July * 15% 15 15% 250 12 Jun 15% Sep 18% 18% 18% 685 16% July 19 Va May 42% Jun 66 % Jan 14 % Oct • 50 49 51 Va 1,314 —12% — 14 14 137 __ _1 Canada 15 195 20 — com (Un) (Un) 10'A • — • 10 • Corp „ 250 8% Aug 2 200 2 Feb 5 'A 6 195 2,900 a37 35 29 9% 10'A 570 7% Jun Jun Feb 19% Jul Jun 31'A Jan 8 Jun U 5Va 2,980 16% 325 33'A Jun 3 15'A Sep Sep 47 Va 9 16% Dec Jan Dec 51% 513A 535 41% Jun 55% Jan 46% 46% 463A 735 39 Jun 48 Dec Tourneau (R McNeill <fc G) Inc 13% 1 13% 13% 100 9'A Mar 13'A Dec 7% 7% 7% 205 6% Jun Libby 7 Lockheed Aircraft Corp Loew's Inc (Un)' —1 25% 25% 25% 310 16% Jan * 18 17% 18 558 14% Jan 4 1.40 1.40 1.40 335 ! Lyons-Magnus class B — ♦ 1.25 Mar 8'A 25 & Co Magnavox (R H) • Marrhant Calculating Marine Bancorporation For footnotes see (Un) page 36 11% 11 11% 439 5 23% 23 233A 433 18 Jun —4 Machine "__ 1 common Co 41% 41V2 41V2 50 35 May a31% a31% 13 28 5% 33 Apr 36% Nov 286 30 Apr 32% Nov 20 27 Apr 30% Nov 28% 556 26% 1,935 27% Sep 54% 1,082 15% 255 14% 24% 446 24 134 89 Feb 4Va * 3% • 33%« (Un) • Corn of • Keith 2,178 America Orpheum (Un) (Un) 13% Nov 17% Jan 8'% 170 8 'A Dec 11% Apr 37 Jun 49'% Feb 52 % Feb 63 Dec Jun 21% Petroleum Co Republic Steel Corp (Un)_ Reynolds Tobacco class B (Un) S Sears class Co 7'A Jun 9 Apr 40 42% Jun 78 Dec — 30% 30% 273 3434 Feb 5'% 5% 5% 100 . 9% Jun 28 14% July 4% July Jan 5% Mar 710 17'A Jun 240 35'A Jan 39% Oct 226 14 Jun 20% Dec 40% 40% 41 500 25 Jan 42 Dec (Un)__* 30'% 415 21 Vb 32 Dec 29 Va Dec __ A —_l common— 10 — PIO 30% 50 5% 100 12 12 Va 8c 26% Feb 23 July 4% Jan .,.6'A Mar July 355 10 Oct 12% 110 a31 '/a a31 Va 8c 43% A 28% 5% __ 30% 28% . 5% 5 16% Jan 33 Dec Gc Feb 12c Nov 17,700 9c Feb 43% 44'A 602 347a Feb 44 '4 Dec 37'A — 37% 360 31 Feb 39% Nov Dec 36 36 36 435 20'A Jan 36% —23% 23'/a 23% 1,125 18% Jun 24% 16% 17 1,078 14% Jun 17% Oct 30'A 29% 30% 1,760 21 Jun 31 Vb Dec 34% 34% 921 — 26% 26% 288 29'A 29% 279 • (Un) Oil Pulp 16 72 20% 1 & Gas Co Soundviow 13 Va a8'A 70 38% Inc Corp 12% a8'A 24% 15 Oil Sinclair Nov 20% Co Signal Oil Apt 32'A 23% Mining Socony-Vacuum 1,122 Jan 35 |3S% Roebuck & Co Oil 32'A July 25'A Feb Dec 20-% & W Fine Foods Inc Shell 11% 134 210 102 1 common Stores 200 34 29'% — • Corp Maurico 15 34 29% __ 10 Co Ryan Aeronautical Co Safeway 360 Dec • Manufacturing Cement 102 60 61 15 ___1 common 61 __ 1 Railway Equip & Realty preferred—100 Rayonier Incorp preferred 25 Dec 20% 20 797 • * 15% Jun 102 17% a49% a49% 13'/a Radio 21 Jan 10'A Mar 8V2 29% Radio Feb Dec 4'A Jun 8'A 26'% May 104% 17 — Pure Oil Co 3'A 1,428 19% May 102 __ 17'% 00 1,785 9% 20% 21 100 4% 9'/a __ Dec 82 Nov 101103'% Jan Nov 105'% Nov 24% Dec 54 Jun 15% Oct 29'/a July 24% 'sep 29 Jun 44 15% 61 Bros 50 100'A Doc 34 Apr 28 % 45 (Un)__ (Un) 21'A Jan 54 a49% (Un) _15 Co _5 —- Sep 35s a Southern Calif Edison cumulative 4.32% 4.48% Co (Un)__* com preferred— 25 convertible preferred preferred 4.56%— Cumulative Convertible preferred Southern Calif 4.88% Co Southern Pacific <A Inc„ A__25 Co Spalding 25 '.25 25 — Gas preferred ser Southern ;___ Gi 5 • 1 r Sperry Corp common Spiegel Inc common Standard Brands Standard Oil Standard Oil 1 (Un) of Co 2 — Inc Calif ; __ — __ —. a44 — __ a26% — a21% • Co (Ind) Studobaker Corp Texas Company (Un)_ Oil United Aircraft Corp & Carbon of United Air Corp Lines Without U S Steel Victor (Un) Inc_ with div Bros (Un), (Un) — 33% Apr 35% Aug a44 a44% 143 10'A Oct 11% Nov 52% 1,183 33'A Jun 50'A Dec all% all% 50 11 Dec 11% Nov 195 24 July 50'A a25% a26% a9 , common Jan Western Air Western 70 Sep 11% 12 1.572 39% Aug 44% Oct 66Va 68% 762 61 Va Jun 73% Oct 27% 27% 836 16% Feb 28 Dec 43 16% Feb 22'A 509 48% Jun 64% 60 60 23 45 19% Jun 25% Jail Jan 16% Dec 10% Jan 15'% Aug 493 33% Jun 44% 2,004 25 Va Jun 32 V* Sep 21 Jun 27 Dec 10% Jan 14% 45 45 27 26% 27%" — 26% 26'A 318 15V* 15% 2,857 5 — __ 27 — -- 95 5'A 1 a21% 9% 18 13% Oct' Nov 10 25 50o (Un) Nov Jun 255 1 Dept Stores. Pacific RR common.: Inc 9 Va Mar 22 "4 55'A 1,248 1 Dec 37% Apr jan 2,446 24,869 (Un)__il Nov 64% 23','2 276% ——— Oct 18 170 16% -5 — 8% 10 a-9 a20% a21% 19 % —100 West Indies Sugar---— Lines 28 15% 1 Bank & U T Petroleum Preferred Sep 33% 33% 18% • common Pictures Wells Fargo 29 Vb — 1 Equipment Co Warner 32 Apr 16% (Un)___—_—_1 (Un) Nov Mar 5 (Un)__„ 30 28 27'A • common- 26% Mar 50 23% ._5 Nov 75 10 Calif dividend Corp Air 35% Nov 27% 31% a31% .' 10 com Western , a29Vaa29'/a ,_2 & Carbide United —25 Corp Co __ 10 ; Associated Oil Transamerica Transcontinental 68 1 Jan May a21%a21% 12 25 lUn) Super Mold Corp capital— 29% 24 1 64'A 25 Standard Oil Co of N J (Un) Dec Oct Doc 1,000 2% Jan 5 a3% a3% 35 3 Va Dec 3'A Dec 26% 27 Va 2,208 20% Jun 26 Va 7% 15% 7% 300 6% Dec 9 'A 15% 207 9% Jan 276% 277 89 95 5% 5 270 Apr 16% 290 Dec Jan Dec Aug 95 1,511 1.45 Nov 5'A 620 4% Oct 7% Jan a20%a21% 60 17% Jun 22% Jan 8 9'/a 1,770 5% Feb 17% 18 476 80c Oct 8 Dec 18% July 2.25 Jan Western Macy 900 32 % Jun 30% 173 • Westates Le Libby 35% 32 18 28% 103% — Jan 7,890 104 • (Un) 6 33% 76% common— Jan 250 75 _25 Riverside Apr Dec 5 35 54% Petroleum Co Paget Sound Pulp & Timber (Un) Pullman Inc (Un) Oil 3% 13% Dec 28 100 — Richfield Jun 3% 675 104 Fhillips Apr 165 10 104 4% " — (Un) Oct Dec 26 4% __ Companies Pennsylvania RR Co Pepsi Cola Co (Un) Rhcem Jan 23% May 485 3% * common American Airways Republic 33 155 12% • common com Union 2.90 35'A 250 a48% a49% Tel Preferred Dec * Union 1.70 32'/a 1,133 16% • Aug Mar 29 5Va 8 Copper Corp (Un) County Land Company 21 10 16% Kenuecott 11 37 190 10 Va & 32% 10 — Motor Co Tide Water 10% 1 Kern Feb 2 8.75 — Light 10% 10% a37 __ 1 33V3C (Un) Tel __ Service 28% Aug a29% a29% Dec • (Un) Pan Nov __ Tel Facaard Dec 215 11 Co Pacific Dec 1,224 * Ltd Public preferred _• (Un) Jan • (Un)__ Pacific Cement Jan 452 21 Va 35 32 :—; Portland Mar 2.65 33'A A_25 common preferred Pacific San a70% a72Vs 13% Lighting Corp $4.50 series 41c 4% 33% 25 preferred 14 Sep 21 Va preferred—25 1st Jan Aug Oct 1.40 12% 4%. _25 ! 8% 20c .3% ' 10 25 450 a27%a28% ■__ 12% 5 (Un) redeeemable Roos 3% 6% Jan ! __20 Aggregates Phelps Dodge Corp 9% 14% July 25% Jun 160 606 Jan a— 380 21 Jun B—„L_4 red Pacific Dec 373 34 32Va 5% Paraffir.e 396 69% 33 Va 32 32 Va 25 Dec 69% 1.000 1st preferred Dec 2.10 34% a47% n48% • — «fc 1,900 1,030 __ 25 common Corp Jun 24 160 29% 34 Dec 35 class iUn)_, preferred 1st 400 25 5fA Jan a71% —4 Co Co Sc Apr 10% * 6% Tel Johns-Manville a29'A * — ExDloration of 238 16'j 28% *778 2V2 Maryland Mines Corp Nickel a32% a34% 1,150 34 5% 1st -,7,r — 58 I, 15% Dec .-10 Idaho Power Co Intl 27% Jun 353A 42 Va Hutchinson Sugar Plantation—— International 825 35% % Inc Independent Ocb 10% Jun 41 (Un) Idaho Nov 10 220 42 % Inc Car Corp 52 150 15% 152 Corp Foods 5 IOV2 15% 1,800 1 5Va c/o Dec 10% Co 1st preferred— 6% 11 145 22 • Filters Electric .common & 11 140 _8 (Un) Const Gas Pac Dec 36 % 11% 3 Pineapple Hupp 47 Feb 47% (Un.)— non-cum Oil Hunt Jun 30 10'A Co cummon (Un) Rubber (Un) Hawaiian Motor 41 47% * com & Honolulu Hudson 140 335 11% & Stores Bros 48 35'A 47% common—— Ltd Ry 48 35'A • Greyhound Corp Hale __ ———100 F) Dec (Un)—10 , Graham-Paige Motors Gt __. 30 15 Corp Tire Jan 17% 743 * preferred Goodrich 25% 37 1,220 2,700 (Un) Corp Co Jun 5% Jun 17 ♦ Gillette Safety Razor 4% 21% 16 V2 55c :_10 com General Golden __ ___1 McBean Jan a23Va a23% Co Sugar Pacitic Finance Corp Dec 22 8% (Un) common Electric Co Gladding 59 % 13% Jun 55c Co General General Paint 44% May 100 7% Ltd Klelser 170 15 >A 55c Liquidating Corp Machinery & Chemical Foster 593A 15'A 8% Nemours Capwell Corp 104 Mar 59% —1 rights- de I) 29% ——* (Un), FAR Food — 5 Oil Works— Emporium __ — 1.95 Mar common United Onomea Pacific _,—_2 Co Kodak Dorado 11% __25 Bridge (Un) (E Eastman El 27% Oliver Dec 31 Corp common Fields Chemieal 49 Va 3% __1 Co Oil Feb 31 1 <Un)_. Doernbecher Mfg Co Domingue/ 24 40% 21 • Cypress Abbey 18% Aug 160 3% Aircrait Corp 117 31 (Un) Publishing Co (Un)_ Curtiss-Wright 24% .3% Preferred Curtis 12% America Inc.———1 Crocker First 24% a49% a50% 5 Consolidated Edison Co of N Y Continental 14,722 25 Coppermines Consolidated a29% * Edison 3'A a52% a52% , 25 16 2.95 __ 10 (Un) Oil Dec 3% 1% (Un) Edison 11 1 1 Corp Co Ohio Jan 14 % a367A a36% Co Ltd Petroleum Oil Ohio Jun __25 common, Ohio & Consolidated Dec' Nov • of America Mining Co Eureka Commercial 37 5% —4 Tractor Service 26% Jun Occidental Oceanic Dec 23% * Chrysler Corp Clorox 37 835 ——4 Canada Dry Ginger Ale (Un) Canadian Pacific Ry (Un)___ Cities Jun 2,645 _50 St 26% 8% 24% Co Ink Milw 125 32% a49% Packing Corp common Pr del red 37 8 (Un)——2'% Preferred Chic 37 32 5 California Central Jan 8% __5 Caluornla Chesapeake Apr 10% 32% 15 Cement Celanese 11% Jun __ 1 (Un) & Sullivan Caterpillar Jun 8 a36% (Un)— Co Corp Jackson Calaveras £* 100 • (Uni HiU 250 9% 5 (Un)__ Airplane Borg-Warner 11% 2 Steel Bishop Oil Co Holdings Boeing (Un) 11% 9% — —100 1 Corp Blair Borden Co 13 (Ua) Corp Aviation Bethlehem (Un) RR Jun 32% Oct Western Union Jun 18 Jan Westinghouse * Telegraph (Un)— 27% Sep Corp fUn) Willys-Overland Motors (Un) 42 Nov Wool worth (F Wl (Un)__; — * a22% _12% Elec 32% 10 a22 a22% 100 60 a a49'/a 19'A Dec a— 13'A May 32% 33 998 6 1 1 a27%a29'A 13'A Mar 21 Jun 6 175 43a Jun a48% a49V» 362 44% Jan 21'A Dec (132) THE COMMERCIAL Last Power $1.50 & Paper common preferred Acadia-Atlantic Algoma Steel Aluminum Tel Co 4V2% Warrants pfd & Note Ltd 14% Nov 61% Jan Niagara 14% 7,-985 57 361 26% __ 7% Oct 7% a77 20 20c 20c 100 class A pfd Jun 20% B 36% 37 1,319 41% 41% 42 535 Drug Chemical & Car pfd ___5 Ogilvle 7% Flour Mills Steel 10% May 12 Jun 23% Jan 22 Va 25 20 Jun 68 Va 68 68% 1,856 49 May • 21% 670 22 al72 5 167 Dec 43 50 18 Jan 42 Dec 26% 26% 160 20% Jan 27% Oct 17% May 21% Sep Price 12 16 Nov Provincial 16,629 14% 27 15 27 290 Jan 27% 2,725 22 Feb a27% a27% 20 24% Apr 10 97% Apr 100 100 2 17% 25 7% 1,075 4 22 38% Jan Jan CM CO Sep 18 7 27 May 50 10 Nov 38% 29 291/4 635 27 Jun 19 19 150 18 July all% all% 35 2,561 21% 8% Jun Apr 35% Sep 16 Va May j 39 Dec 30 Feb 22% Jan Dec 12% 14 22% 23 24% 24 24% 95 19 July 25 Dec 20 20 >20 100 16 Mar 20% NOV • 12 11% 12 14'/4 14 14% 30% 29 30% 388 12 Jun 30 31% Nov 37% 18% Jun 24% Nov 345' 385 3,665 39 39 80 24 24 24% 1,225 8 8 4 19 15% Sep Jun 14% 17 Jan 29% Nov 34% July 39% Oct 20 24% Dec 8 May Jun 13 .Feb 3% 8% 1 10 Oct 13% 45 a 451/4 125 42 Nov 48 25% Oct 27% Dec. * 261/2 a26% 10 Feb May 331/2 36% 1,235 24 Aug 40% 8% 9% 6,425 8 Dec 11% Jan 9% 8% 9% 915 8 May 11% Jan 655 24 Jun 36 % Jan • Canadian Pacific Railway 25 A__ 26 27 161/2 16% 455 17% 171/2 18 10,148 11% Jun 18 Dec 100 7% Jun 11 65% 67'A 2,650 45% Jun 13 f 13 2 ~ • ; Saguenay Power 4%% 17% • 17% Dec 10% 16% 11%' 16'A 16% 12 July Consolidated Mining & Smelting Consumers Glass ; Crown Cork & Seal Co Briage * Dominion Coal Foundries Dominion Glass 1% 6% 16% Dec & preferred Steel Stores & Common t v B c Textile Power Corp preferred 1st 2nd 16 Jan 18 Oct S 35 25 July 25% Jan ! 68 68 5 67 Aug 94 Jan 9.70 9.70 9.80 3,075 5.90 Feb 9.90 103 104 35 100% Jan 103 Va 13% 15 2,060 4 May 14 Dec 30 % 31 1,174 17 May 31 Dec 15% 16 St 5,565 • Lawrence Flour Mills Series Sicks A Water & Power Class 9 Jun 20 25 20 Oct 86 84 Va 86 585 70% Sep 86'/a Nov 1 50 Va 50% 50% 2,355 33% Jun 51 Nov j ' 24% 25 4,148 22% Jun 25% Oct 48% 177 45% Jun 49% Dec common ♦ 21 21'A 695 15% Mar 22 Oct • 20 % 21 175 16 100 100 100 25 99 28% 28% 525 26 26 50 22 July 28 100 100% 60 94% Jun 101 Va Nov certificates & Sons 5% preferred * 28% » 100 Press Standard Chemical Step) of Co 100 • Thrift Stores Ltd United Steel • Corp _ __ _ & Limited Banks— Feb 21% Dec Jun 20 Oct 8% 9% 6,805 105 493 105 105% 55 14 Jun 21% 670 Jan 42 % 310 16 Jun 22 14% 695 6% 7% 2,785 14% 365 36% 38 1,580 24 Jun 37% Dec 2,104 27 Feb 38 Nov 97% Jun 101 36%- 37% 100 100 60 52% 52% 53 285 29 Va 29% 29% 60 — — Hamilton 39 22% Jun 29% .10 20 20 .10 25% 24% 26 750 Montreal .10 28 27 % 28 1,140 Smith 47% 47% 275 35% Feb 49 31 Feb 36 19% Scotia 36 100 19% 21% 30,998 13% 33 34 160 21% Mar 35 26% 26% 450 21 Aug 27 26 • 22% 26 250 21% Jan 221% 22% 125 19% Apr 22% Dec 170 55 preferred Bronze Glove Prod 173 Dec Bathurst 88 July 95 May Jan 17 Jan 14 * 13% 14 750 11% Jun Jamaica Pub Serv 1% Feb 14% Pr & Paper Co Brand Millen & 16 Apr Brewers 16 Nov British 30% 338 24 Jan 31 Dec Brown 25% 25% 26 2,165 19 Apr 28'A Jan 17% 17% 106% 15 97 Apr 98% Nov 17% 250 16 July 18% 106% 106% 25 100 % Jun class 110 110 280 2% 2% 5 18% 18 18% 400 13 104 104 230 99 % Jun 108% July 1.75 Jun footnotes Feb 110% Nov 2% Oct see Dredge Aug 15 Mar pec 12% Jan 4 4 150 3% Oct 5% Feb 7% 7% 960 3% Jun 7% Dec 8 8 200 8 July — — 16 16 16 50 2 2 800 40c __ 5 40c 3,000 11 ' Jan 16 Sep 17% Feb 2 Aug 2 Va Aug 25c Oct 1.15 Jan 16 16 16 1,250 13 Jun 17 Nov 6 6 6 225 5 Va Mar 6% Jan 4 3% 4 Va 38,360 2 May 4 Jan 96% 92% 99% 1,744 71 Jun 103 Jan 1.50 1.50 400 10 10 50 22 Va 22 22% 570 18% Jun 23 Jan 50 51% 75 42% Feb 52% Nov 26% 26% 20 Aug 28% a5 5 Va 25 12 Dec 17% 17% 17% 220 890 * , Canadian Dec Canadian Products class 50% May 52 14 % May 8 Jun 19% Dec 50 12% Dec Canadian Ingersol 36% 36% 37 % 2,036 27 Mar 37 "A Dec Canadian Inter 42 Aug 49% Nov 38% Jun 56% Jan 50 65 47 47% 1,217 7% Industries 22% 23% 8,252 16% Feb 24 14% 14% 14% 1,523 13% Mar 15 7% 7% 7% 515 , Nov 29% 30% 3,170 99% 100 90 30 30% 160 5 5 185 17% 17% 250 32 32% 3,992 Inv Co • Ltd Tr Marconi Pr Canadian Silk & Products class 7% 19% Feb 31% Dec Canadian 97 Jan 99 Nov Cassidy's Aug 31 'A Dec 8% 25 4'A Dec 15% July 22 Jan 29 Jun 36 Jan 3.9 40 4,631 40% Dec 8% 9% 2,330 7 Jun 12% Jan 47 47% 183 43 Aug 59% Jan 21% 1,415 13% May 22 % Dec Canadian Vickers Celtic 36% Dec Ltd Nov 1 170 Jun 181 Dec 12 64 July 81 Jan 5% 6 1,000 3 Jan 100 5% 100 100 19% Mar 6% Dec 100 17 2% 3 3,325 12% 12% 175 a23 a23 10 19% Jun 24 Feb 94 94 50 62 95 Nov Feb 1.15 Jun 101 3 VB Feb Dec ■ * ... — Western Lumber 9 Jun 12 Dec Co Co Neon cl Commercial Alcohols Ltd Stand Sec class 102 Dec 19 Jun 23 Jan 28 28% 200 22% Jun 29 Jan 19% 19% 19% 50 16% Feb 19% Jan Dominion Engineering 16% Nov Dominion Oilcloth & Linoleum Woollens 9% 125 7% 7% 7% 100 6 17 17 25 94 94 94 30 23% 21% 23% 16% 16% 16% Consolidated Consolidated Nov 8% 25 6 May 8% Nov 1.25 3.00 225 Dec 1.25 Dec 80c 700 40 Jun 9% Jan Dominion 7% Nov Donnacona 19% Jan East 95 Jan Eastern 7,870 15% 24 Oct Fairchild 5,404 10% May 16% Dec Fleet A 40 25 Textile Mills & Worsteds.:- Paper Co Ltd__ Kootenay Steel 19 11% Power 7% Products Aircraft Ltd Manufacturing __ '• _ __ Ltd— 10 ■ 2 Sep V2 Aug 2% 3,650 4% 4% 100 4 60c 141 30c Aug 65c 15 35 15 May 16 Jan 18% 19 Va 6,963 20% Nov 13 '/a Jun 6 7% Jan Jan Nov 11'A 12 775 18% 186 18 Jan 19 Feb 52 3 42 Feb 54% Dec 39% 115 36 Va July 40% Oct 9% 10 350 13% Jan __ 18. 18 360 a40 a40 10 8 July 13% Dec Jun Jan 20% Jan 45 Nov May 850 5 Aug 7% Jan 120 60c Apr 1.55 Aug 1.25 Jun 2% Jan 5 % 1.40 1.40 1.55 1.35 1.75 16,850 5% 9% 12% 28 5% -—5 * Dec * 18 ,_100 Sep 42% 39% ' _ : 1.00 Nov 52 ♦ pfd Ltd Sep 30 18% re Co Ltd.* 20c 15 —20 Ltd Apr 60C •# com Works 1.25 4 2% 4% * • Paper Corp Ltd preferred July 14% July 91% July Jun Nov 12% * Preferred 30 9% 59% July 8%. -5 Div 425 9% May 10 common—• preferred 102 Jun Aug 47 25 100 . 19% 13% 3 25 B Consolidated 5% 1,650 12 2.50 A —10c Preferred 8% 3% a59 12 a * Advert General 3% 57% 12 1 Knitting Co Ltd_ Claude 3% * Ltd common 102 Jan _2 Jun 70c Westinghouse Limited 19% 110 •. common 19% 25 24% 24 a68 Jan Jun 9% 17 Dec Nov Oct Jan 39% 17 Jan 12 17% al77 pfd__* A Jan 23% 1 5% 15'A Mar 4.00 12% Mar a68 .-100 Inv Jun al77 * Company Paper 175 Dec 9 : * com 26% ' 1.35 23% .J100 Ltd _ Canadian 6% 47% 21 * __ Rand preferred 5% A common preferred Canadian 23% ♦ Canadian Gen Investments Ltd 100 10 ;♦ Ltd. Dec Food , . » Co Nov 18% 105 : 1 _ & Dock 1,435 * page Canadian 12 » Oil 7 7 -1 Canada & Dominion Sugar Canada Malting Co Ltd 19% * common Massey-Harris McColl-Frontenac Jun 106 52% 49% * High 25 1,375 class B_* J 12 100 . Vancouver. Ltd 19 7% Ltd Burnett 52% 17 Low 7 8 Va .-100 12 21% of Preferred 19 50 B preferred Distillers 52% 47 • A & Butterfly Hosiery Co Ltd_ 110 32% Range for Year J!>4!) Nov 2% 30% Shares High 7 • Company common a98 a98% Sales for Week Range of Prices 7 Va •• Columbia Packers Ltd 29% 3 Export Oct Sep Jan Jun ♦ common Dec 7% A 14% 100 (John A) 39% 28 Jun 7 B. L___i.__. class Ltd 13% 5 Secord Mar 8% Belgium Glove & Hosiery of Cda com-* 5'w preferred -20 U * Woods Lang & Sons Ltd Oct 4 class 2,292 30% Week's Low class A pfd_ al7 * preferred Nov 28% 34 * 151/2 7% Ltd Oct 26% 24% _ 17 • Corp 21 Feb Jun 1,320 ♦ Ltd 15 a 15% * Utilities Corp Fabrics Class Power 19% Mar 22% 25 4,340 Last Ltd Jan 25'A Works Steels 165 13% • International Paper new common International Petroleum Co Ltd 240 28 Par Acme Auto 11% Jun 25 International Nickel of Canada 20 40 Va Friday Canadian com Nov 40 Sale Price Jan 100 • preferred Nov 29% Canadian Funds. 12 105 25 — Dec 54% 27 Vb STOCKS— Sep 15% 100 convertible (John) 10% 15% * preferred 5% MacMillan 3,005 173 50 5% the 11% 173 15 • Indust Acceptance Corp common International 11% * Smelting Jan Apr 40 Dec 95 • <fe Oct Montreal Curb Market 26% Mar 15 Imperial Oil Ltd • Imperial Tobacco of Canada common_5 6% preferred £1 International 11% 100 Bay Mining Feb 7% Feb 28 Nov 95 • common 16% 16% 27% .10 Dec 36 21% 100 Paper Oct 39 .10 > Dec Jun Nova Royai Dec 100 preferred International ; Nov • Bridge 5% Jun 13'/a ( Canadienne Nov 27 • ___—1 Aug Dec Nov 21 * common 13% Sep Dec v 14% ■ • ,_ 105 , Dec 31% 9 % 105 38 L \ Jun Jun 7% • common 5 78% Mar 80 14% * preferred ' Oct 17 103% • Worts Jan 17 9% _ common 30 115 104 • Gooderham 24% Sep 396 105% • Winnipeg Electric 5% preferred Feb 21 • Cotton Oct 100 19% 25 common 21 Dec 19% 19% common Canada Feb \ 21 Power preferred 6% Jan 47% Canada Walker Nov 25 preferred Wabasso 24 48 % com B Co 16% • Southern 7 rfo '' j 20 Simpsons class A 4 % 'i» Apr 99 — 50 trust (H) ' Dec preferred 4% Breweries Simon 31 common 3t Lawrence Paper 1st preierrea 2nd preferred Shawinlgan 15 1 ._ j 110 23 49 common preferred Bickle-Seagraves Ltd preferred For 14% 42% Goodyear Tire & Rub 4% pfd 1927—50 Gypsum Lime & Alabastine • 5% 1,565 27 i preferred Mailman 21% 20 ____. Bakeries Ltd General Steel Wares common Class 20% * preferred of Apr 100 General Lake Jan 38 20% 100 preferred ! Dec Nov 68 • preferred 100 preferred Laura 30 Dec Jan 42% * ; 4%% Lf.batt Feb 33 122% 21 23 % common Gatineau 6% 20 125' * preferred Famous Players Canadian Corp Foundation Co of Canada-: Fraser Co common Hudson 100 32 34 : $2 24% Jun 27 _25 common Eddy Paper Co class A preferred Electrolux Corp Enamel & Heating Products Howard 81 42% Ltd Donnacona Paper 4 % % Dryden Paper 5% 21% • class preferred 5 V2 % 31 % 67 13% 17% 100 Atlas Dominion 5% 24% 32 1,075 20 Coal Dominion Tar & Chemical Redeemable 103 * Steel . Dominion 101% May 25 preferred common Dominion 1% ♦ ; Dominion 102 * * :__ Distillers Seagrams Dominion 5 11 t * Nov 17 100 Commerce 2,410 10% Mar '17% 23 _25 Nov 20 Cockshutt Plow Jan Nov Jun Power Zellers 27 16% Cardy Corp class 63 45 12% Nov 9% com Dec Jun 935 Jan Jun Jun 51 34% 17% • Sep 65 16% — 49 1 Apr 775 17% Transport Soutnam 9% 13 Jan Sep 44% 6714 Feb 1,865 39 45% Quebec Voting 14 22% 14 37 24 173% 56 ■ * Regent Knitting $1.60 preferred Paper 4% preferred Royaiite Oil Ltd-™. Nov 915 185 Dec common________* Ltd Co Rolland Dec Aug 10% a33 a33 % & 47% 56 42 % , Sep 3% Jun % 38% 29% all% Dec Dec 3 Feb 321% a 27% 27 101% Jun 14 6% alO% Corp of Canada Bt ijawrence 17% 47% .W — 44% 19% • 2% Aug 24% • ___ Bros Nov 43 * 20% i Feb 69% 21% Power 19% 23 al72 Nov 20% 5.95 • • com 11 Mar 20 100 Products • 8 f Nov 16 % 22 Co 500 Nov 19'A common 9.50 j Oct 44 Jan 22 Powell 9.40 41 40 19% common Light Heat & Power River 75 34% Mar • preferred Ontario Ottawa 11% Dec • ___. Ltd Mines 11% Nov " Corp Weaving Penmans Ltd • Companies 37 Page-Hersey Tubes • Canadian Locomotive i__* common Dec .25 : Jan Sep * preferred Canadian Foreign Investment Canadian Ind Alcohol class A 40 25% 20 6% Jun Jan 7% * 27 43% 25 common 15 Jun 25 Converters Oil 21 .* B Canadian Oct _• $1.75 preferred $1 series Cottons Oct 25c 17% • 36 Jan 20 Canadian 77 Sep • common Jan V 36 17% 10 Class A 23% 38% 5 Canadian Car & Foundry common Canadian Sep 10c • common Aug 605 50 Ltd Celanese 61 * common 17 2,095 • • 2,065 41 225 common 21 26 935 * 20% 36 25% 3% 20 20% 40% 27% Corp * 54 40% 3 • Feb 25% 1,125 27% ___. 33 26 3 A 22 895 25 % 27% 5% preferred Canadian Breweries Canadian 8,581 7,105 ; Bronze Jun 7 a77 A__* Corp cl Power Canners 5% 7% 3 Foundries common, Canadian Nov Feb 54 ._____25 Steei Wire High 17 50 Va Nov 47% 3 common— Canadian 27 Sep 3 _ Steamship Jan 42% • class Northern 25% 10 * $1.30 preferred Canada Iron 65 100 Products Dredging Cement 26% a47 % a47% * pfd National Lou) 400 50% : preferred Noranda 25 % • 1% Range for Year 1949 100 Breweries Nauuiiai Jun 13% 56% • , Gold Class Oct 41 Co 4%% Power B Class 12% 14% 56% * _ Mills Class Canada Dec 25 common Forest Building Products Canada Nov 24% 25 B Canada 23% Jun cower & Elec Columbia Class Bulolo Jun 19% * Oil Columbia Bruck 16 600 • Preferred British 5,645 20c Bank British Columbia National 24% Paper class A Liimt British American Nov 22% Ltd Trac 23% Shares High 22 Tramways 22 % 100 _ . Mines 9% May Low 21% • Locomotive 24% • American British 11,438 High Sales for Week 22 Ltd Montreal 22 V2 • Power Brazilian British 23% Low Breweries 24% 50 Range of Prices • Montreal Range for Year 1949 High 22% 20 pfd Telephone Bralorne Shares Molson • Corp Bathurst Bell for Week * Argus Corp Ltd common 4%Vc preferred Asbestos 23 Mitchell (Robert) Sales • Co of Canada 4% Can of Prices Low Week's Last Sale Price 20 class A Sugar Ltd Aluminum Anglo • STOCKS— Par Range Sale Price Abitlbi 6 Exchange Week's Par MARKETS WEEK ENDED JANUARY FOR Monday, January 9, 1950 Panic Friday STOCKS— CHRONICLE Friday Montreal Stock OauliM FINANCIAL LISTED CANADIAN RANGE & : 32 36 > \ . Volume rr 171 Number 4871 THE COMMERCIAL & FINANCIAL CHRONICLE ■ (133) CANADIAN RANGE Friday STOCKS— Week's Range Ford Motor Great Co of hakes Paper Co Ma Insurance Co Hailfax Hayes Steel Products class com 25% 10 Secur Corp International Paints Inv Foundation * (Can) Ltd Power common Maritime Teleg Maxwell & Paper Tel or Ontario Paper Montreal Island Power Co Corooration Mount Royal Nova Scotia Lt Pr Nuclear Enterprises Ltd Orange Crush Ltd Purity Fiour Mills :__ Co com Lake Co 9V4 9% 93/4 1,125 20 V8 20 Vs 20 Va 10 10 10% 400 — 6V2 75 4 7 17% 18 125 15 1 108 14% 14 Va 14% 350 20c 20c 25c 7,600 Mines Gold Ltd 65c Jan 16 Va Mines 150 19 July 25% 25 140 21 Apr 25 13 14 May 75 10 Sep 21 Feb Ashdown Feb 51% Nov Athona 49 15 35 Va 14 V2 18 12 Va 30 200 = ;■ May 16 Jan Sep 35 17%C Jun 65c Jan 57c 60c 10,500 50c 29c 30c 10,000 20 Vac 4c Jun Dec 65c Jan Sep Bagamac Feb 7 Vac 8 Vac 13,000 5c 1 2%C 2%C 2 % c 10,050 1 VaC 7c July 7c 8,000 3 Vac July 100 1.47 Oct 100 2.35 Jun * * 6c 1.75 1.75 2.20 — 8c 2.20 6c 25c 9,900 25c 7,000 10c 19 20 % 2,354 15% 16c 16c 5,000 1 8%c 8%c 1 5.20 5.20 9 Bank of Jan Bank of Nova Jan Bank of Barnat 2.78 Aug 9c, Jan 15VaC Nov Dec 32c Sep 25c Feb c 18,000 6c Jun 16%c Jan 5.30 9,500 1.65 Jun 5.40 38c Dec 3,000 34Vac Dec 8 VaC 8 Va C 5,000 5c 4V2C 1 May 14c 4 VaC 2,500 Sep 3c Dec 10c Mar 38c ■ l 4 V2 c 33c 33c 500 2.39 2.89 2.90 700 Mines Mines Ltd ft _5 Ltd 20c — 78c Jan 11 1 20c 1,000 10 Ve 11 1.050 13c — 13c 1,000 15c 49c Apr Co Dec 5.25 5 %c 1 Ltd__|. 1 Mining Corp of Canada Ltd Dredging Ltd___ Ltd Corp O'Brien Gold Mines Ltd Osisko Lake Mines Ltd Pandora Cadallic Gold Gold 1.67 Jan 5 V2c 14 \ 5 Vac 1,500 3 Vac 74c Dec Brewers & Sep 3 Vac Oct 2,500 3c Jun 4,000 8c May 300 68 '/2C 74c • 19c May 8V2 Jun 4,050 70c 40c 22,150 18c Jun 2.77 500 2.00 . 2.00 700 1.20 1.25 1,200 4 % 1.72 Nov 1.17 Dec 3.70 Jan 2.50 Sep July 1.35 Nov 4c Mar c 4%c -1 1 1,000 3.05 3.05 3.10 8Vac 1,300 Sep 1 I Ltd 3.00 1.90 Dec 1.90 4.05 1.90 1.85 Jun 2.28 Aug Quebec Labrador Develop Co Ltd__ __1 Quebec Manganese Mines Ltd 1 Quebec Manitou Mines Ltd 1 Queenston Gold Mines Ltd 19 %c Crest Gold Mines Ltd San Gold Antonio Mines Gold Co Ltd Mines 1 1 Ltd 50c Senator-Rouyn Ltd _1 snerritt-Gordon Mines Ltd Gold Mines Ltd—: l Siscoe Sladen-Malartic Mines 1 Ltd Soma-Duvernay Gold Mines Stadacona Mines (1944) Sullivan Cons Mines Ltd ____1 Ltd Ltd Hughes Gold Mines Tiblemont Goldfields Ltd Torbrit Trebor Mines 31 Vac 77c 1,000 70c Nov 1.08 500 70C Sep 3c 3c 1,000 2c 7c 1,520 6c Jun 35c 12c Jan 8%c Nov 70c Nov 1.20 Aug 4c Feb 14c 4.10 Jan Jan 5Vac Jun I6V2C Oct Dec 57c Sep 2,500 31c 35c 35c 1,000 76c 1.25 May 20c May 500 25c Mar 3.35 Sep 42c Jan 98c Sep 4c 4c 4c 500 3c Feb 55c 6c 55c 1,667 41c Aug 2.60 Jun 2.48 63c 2.65 Dec 2.65 2.65 3.10 6,100 2.69 1,200 3.10 100 1.35 Apr 2.35 1.30 May 2.75 2.90 3.45 Jun Dec Nov Aug 4c 4c 1,000 2c 1.20 1.24 May 4,700 74c 14 V2c July Jun 13c 14 Vac 8,100 1.34 May 73c Jan 14c. 64c 58c 1> Jan 1,900 1 Ltd 40,700 4.10 2.30 1.24 * 14c 100 2.24 1 Ltd 3.75 30Vzc 31 Vic 1 Corp Ltd 67c Oct 7c 76c 2.28 1 . Mines Mines 12c 1 Ltd Amulet Westville Ltd Ltd Mines United Asbestos Waite 1 Julv 3.75 • 1 x Teck 7c 1 Steep Rock Iron Mines Ltd Nov 2c 77c 1 Santiago Mines Ltd— 15c 1,000 ■ « * __ Rochette 14,900 87c 1.08 1 1 Red 21c 87c 87C 9.25 4c 71c 141,900 9.25 9.25 100 4c 4%c 13,000 • 7VaC 42c Dec May I 28 Jan 6.90 Jun 15 Feb 3c Feb 10c Jan Oil Stocks— Anglo-Canadian Co Ltd : Calgary & Edmonton Corp Ltd Central keduc Oils Commonwealth Cons : Ltd Petroleum Homestead Oil Co i 4.70 1,700 7.70 8.25 4,300 1.42 1.42 1.42 500 1.33 1.33 400 5c 5c 4,000 5C Petroleums Ltd l Oil'Co Omnitrans Pacific Ltd Pan Western Oils Superior Oils Ltd For • footnotes 5.30 Jan 8.95 Dec 4VaC 1.10 Ltd_. 2,950 1.10 1,200 75c 1.10 1.10 2,100 72c 13% 13 13% 7 %c 6c 7%c 4.60 * * page 1,000 1.55 1 Ltd— see 14 1.27 * Exploration Ltd Petroleums Jun Jun 1.10 1.30 * ♦ • Home 2.90 3.85 70c 14 - commmoh A 36 675 14 1,024 12 4,655 387/a common Light May Get 1.65 Jan Jan 4.50 4.60 5,014 29,500 600 10c 89VaC 8.50 Jun 32c Feb 2.39 Sep Sep Jun 3V2c Jun 2.10 Feb 1.42 1.22 Feb Nov 14 & Pwr common 20c 19c 20c 4.70 3,000 Dec 46c 47C 9V4C May 25c 2,700 Apr 40c 43c Dec Dec 43% 14c 1,300 May 36c Sep Dec 16c Jan 9 Feb bvp. July 9% IOV4C May 76c Oct July 4c 19c Apr 8,700 8c May 22c Sep 3c II,500 2c 20c 17 VaC 25c 13,600 14c 9.70 9.50 9.75 1,710 16 40c 19 Va Dec 865 24 July 50 97 11 1,000 27% 27 7 a 570 23c 22c 24c 52c 54 VaC May 2'A Aug 1,350 27% 16 Vac 9%c 10 Jun 27 Dec 101% Jan 3 Vt Dec 13 Jan 7 July 5 Va May 25 Jun 28% Oct 21,100 17c Dec 37c Feb 8,300 30c Jun 17% 17% 550 6% 375 16c 17 Vac 7,500 2.20 2.25 4,020 8c 9% c 6c 6c 6c 18 Dec 7 Nov 10c 32 Va 310 14% 14 Va 14% 30% Jun 25c Sep Jun 3.05 Jan 8c Dec 20c Feb 5o Jan 1.60 500 32 Oct 63c 14% July 4% Aug 5,500 32 Ncv 9V2C 35 Va Sep 155 July 12% July 14% Dec Dec 27 30 Va 180 24 Aug 30 19 19% 320 12 Va Jun 19% 7% 7% 100 1 67/a Jun 8V4 7c 7c 1,000 * 5V2C Jun 31 31 35 7.75 8.33 4,155 3.75 5c 5c 500 4V2C 50c 55c 3,675 30c Aug 60c Nov 10c 10c 1,000 9c Nov 14c May 3.25 4,100 • 1st preferred • 7.80 • — 52c * 1 Canada Bread class B preferred Canada Cement common 3.10 50 • common * A ; * • Northern Power class • • Canada Permanent Mortgage., Canada SS Lines common Preferred 1 100 Jan 3.75 Mar 42'/a 168 40 Aug 53 Jan 38% 38 '/a 474 22 Jun 39 Dec 5% 5% 50 6 Dec 6 Dec 11% 100 10 Aug 11V2 Dec 52 25 43 Jun 53 Nov Jun 12 Va Dec Jun 37 Dec 11 Va 11% 36'/a 36 Va 36'/a 20% 19 197 197 20 125 230 8% 29 % 2,945 14% July 198 54 187 Va Mar 115 20% 198 Oct Dec 14 14 14 34 34 34 80 31 Va 80 80 25 79 31 Va 31Va 31 Va 45 24% Jan 11 Va 411 5V2 Dec 25 Va Apr 11 10 24% 25 Va 1,053 • 22 Va Feb 26 Va Nov 23 22% 23 Va 2,115 Jun * 24% 20 * * * common Dec 9%c Aug 11% 10% * 12 19 Jun Nov May 15 Va 37 Va 83 32 Sep Sep May Dec Nov 20 11% 19% 20 1,500 13 V2 Jan 21 Oct 22% 20 preferred 8.95 Jun 50 B preferred Oct Jun • Cable class A Canadian Bakeries Canadian Bank of Commerce Canadian Breweries Canadian Canners common Jan 32 50'/a • A 2.70 Dec Aug 50 V2 „ Canada Malting 3.05 29'/a July 14c 42% 38 Va —— Canadian Car Sep Nov 6% — Convertible 21V4 27; 6 — Jan Dec 17 11 54c Jun 13 Mar >6 * ; 1 & 17% 1.25 Feb 133/4 July 11 • Oils Canada Wire 27 Va Nov 8 V2 3,100 1 A 20c Jan Apr Nov 22 440 102 27 V4 5%c 45c 11 4,984 3Va Flon Packers Class B 11,801 16 3 A Canada 20% 15 Va Nov Dec 8.25 Mar 55 101 Va Campbell Red Lake Foils 900 3 Edmonton Flin 40c 10 Va 102 • May May 2c 2 Vac 20% 25c 11c 27 * Oct Sep 1.000 27% * 14 54 3,500 27 1 Jun c 27 Va * Apr Jun 46 2%c 10Va Oct 18c 3V2c 15c . Sep 9.15 55c Va * • Jan Mar 45c 2 25 22% 200 22% Dec 25 Mat 20 20 145 13 Va Jun 21 Nov 11% 11% 200 9V4 Jun 20 common 14 14 Va Jan 14 14'A 220 13 Jun * Class A New preferred 47c Feb 5.00 32c 30 45c —■■■ 1 Oct Nov Nov 19c com_* . 1 Canadian Celanese 9c Dec I 14 Va 42 6% Oct Nov 13% 51% 2c — Canadian 13% 14c — * Calmont Oils 1st 12 c 25% July ''I 5 Oil class Linen Calgary & Canada Jun 10 51% — 1.06 May 65c Jan" Jun _ * Bousquet Class 6 Va Oct Dec 20c 9,900 4c Va Dec 1.39 17 Va " • * Gaspe Oil Ventures Ltd Class 4.60 7.80 * Decalta Oils Ltd General 4.70 * * Ltd 26% 13% 35,900 t • * 27,500 25% 5c A Lake class Class Oil 2,600 . t| Class B Canada Dec 55c * Co Calnorth 55c 39% 40 Dec 31c 1 Building Products Burlington Steel Callinan 84c 6 Distillers Red Caldwell 29,250 6 va Ankerite Burrard Jan 1.36 31c Buffalo Canadian Calder Oct July 27c B & 28% 34 Va 28c — Burns Jun 25 35V2 54c 50 Buffadison Gold Buffalo Jan 256 31c Columbia Power class A Buffalo Nov 11c 400 Jun 1,000 Ltd 32c Jun 54c 14 Feb Jun 29 VaC ~ Sep Feb 5% 4Vac 4,100 British Dominion Oil Broulan Porcupine Class 1.27 4.10 10 14c 565 41 Bruck Mills class A Jun 75c I,520 40 12,200 36c British Columbia Elec 4%% pfd 100 British Columbia Forest Products.—• Britishh Columbia Packers class A l* Class B : * British 28 39Va Jun 5% July 3% Oct 3,400 , 8.50 Sep 33c Jun 1.45 Jan 13% Dec 32c 70c 6 %c 27% 1.31 I British American Preferred 2.75 Ltd___l -_1 27% — 16% 19,100 24c 6c — 35c * class Brantford Cordage Brazilian Traction 48c Jan 21 %c 3.00 • Bralorne Mines Brand & Millen Oct 12 Va 38c — 50 8.50 Boycon Pershing Boymar Jan 12 Va * 75- 1 Dec Jan Feb ' 5c 6Vac 38c 1,300 1 11% 45c May __1 48c , 10c 40 Va Bonetal Gold 135 18c Sep Jan 2,400 35c — Jan 25c HVaC 3% 4 12% Dec Jun 7 Va — r,_ Gold 6% Jun 8.50 Lt Nov 8c 3.50 - Apr 1.40 6c 3% * 18c May 9,000 7 Va * 1-. 50c 14c 14 Vac 22c _1 Dec 3,000 40% ___ Sep Dec 14 10% May 8Vac Dec 13c 1 Gold May 15c 70c 7%c 7 Va 1 30c Jan Oct Vac 3.35 1_• Oct Nov 10c 1 1,000 51c 7 Va 25 14% 6c 310 39% Gold 53c a 8c 50c Jan 7% 77 Jan 8c 3.200 14c * Jun Jun 18,250 3.45 • Mines 5'A 60 60c 38% Mining.- Corp Aug 23c 57c 6 • Kirkland 15c May 163,900 9 Vac 10 Vac 8 1 ^ Bobjo 27c 21 Vac 13c Sep 6.25 16c l Mines Dec Nov Jan 44c 1 1 Dredging Gold Nov 87c 19 Va Feb ♦ Mines 30c Jun Feb 1.35 — 1 Ltd Nov 26c 2.85 50c 1 _l __ * 59c 39% Ltd Ribbon Jan 5c 535 39 Va Ltd A Aug 2,125 Biltmore Hats common Eonville 300 a « 10 Vac Jan 70c 7%c 3c 2,585 77 8 Va Bordulac 325 a . Bidgood 7% 77 10% Feb Jan May July 3,000 7% 6.30 10c 16,500 7Va Jun 8.65 Mar 22 Vac 5,500 19c 21 VaC VaC 8,000 River Apr 5.25 53c i Macdonald Mines Ltd 15c 15c 20c 4 26,100 Belleterre Quebec Blue 3,000 4c 13c 10 class 2.85 800 25c 27 VaC 4c 13c 10 Power Bevcourt Apr 5.25 ■ 3 VaC Bathurst Jan l<i'/2 vu 9.75 25c 10 Beatty Bros Bell Telephone 15c 1.40 al4 1 1 ._1 ____1 3,300 19 Co Metals 23c 1.40 1 1 T 7,500 76c 18% Ltd. -1 Ltd 23c 76c . 19% 1 _1 Ltd Mines 22c Baryrain 12 Va 8.75 May Feb Jan 12,955 4.75 9.60 1 Scotia Aug 2.65 Nov 9V2C Jan 68c * ' May 1.93 20c Jun 4.60 1 Preferred 9 33c 65c Nov 1.37 , Montreal Mines Berens c 1 Sep 7Vac 16c Sep 22 May 25c 10,200 1 Toronto Feb 3 Vac Mar 2,900 14,000 * Jan 2.75 Nov 62c 8%c Mines 3c 13 Sep 1.28 B 39c Base 8c 21c 20 % <> " 1 l Jun ' 27c Jun 47c — 25c 12c 8c Bankfield Consolidated 7 Vac 1 _1 Mining Corp Lingside Gold Mines Ltd Louvicourt Goldiields Mining A May 4VaC Ltd Mines class 9 l/2c Jan 1 Mines Fabrics July Mar Dec 5,050 1 3c 5c 27 18c 8%c __ 4c 35,100 25% May 8 Vac 1 6,500 Class 40% 175 9.75 1 2,000 « <■ Gold Auto 380 14% Mines Gold Jan 44c • 14c =■ __ Jan 9 Va 57 14 Yellowknife Aunor 61V2 Jun 26 Va -1 4 Vac Ltd' Gold 69c Jun 7% 26% 14 Aumaque Oct Nov 4.60 Oil Aubelle 14 Va 10 Steels ' 30c A (1937). 2 V2c Lake Wasa Crow 500 Oct 1.31 Mines 1 -_i Mining <te Explor Co Goldvue 17,200 12% 1 class 1 l Ltd Mining Cons ' 3,695 1 Hardware 4c Ltd Gold Lake Fortune 21c Jan 26 Vac Ascot Metals Corp Atlas 47c 21c Apr 27%c 1 Armistice Atlantic 85c Jun 14 Va 8c Jan 25 Jun 16c 14 100 Gold 2c Joiiet-Quebec Mines Ltd 1 Kerr-Addison Gold Mines .1 Ltd________l Kirkland Lake Gold Shore 43c ■ __ — Mines Dec 55c 500 45c • 12c Ltd—___ Mines Ltd Cons Arjon 100 8,100 1 common 14c Hilcrest Collieries Hoilinger Dec 25 9 9 23c 1 Preferred 200 Feb 75c * — __ Corp 25 , Hudson-Rand Mines Argus 8c 61c 1 Resources- 1 Mines Formaque Gold Area 15% 1 Ltd Mines Gold Dec Nov 23c 1 * Porcupine 4 V2c 61c . Mar May 26 % 1 1 Ltd__ Mines Mines Gold Cons 14% Oct 60c God's Lake Gold Mines Ltd Gulden Manitou Mines Pato 46c Jan 26 * Dulama Gold Mines Ltd Pickle Jan 8 15c . Cortez Explorations Ltd Cournor Mining Co Ltd Dome Mines Ltd Normetal 41c Consol 15% 30 • Anglo Rouyn Mines Aquarius Oct T 17c * Apex 104 70c 26Va • Oct Jan July ' 8Va 1 Gil Jan 25 99 3,500 14% 25 Lead Jan 118 2,700 5c Nov Jun 56% Pfd Nepheline Yellowknife Anglo Canadian Anglo-Huronian 26% a Canada 9% Jun 43c 14% of 18^/8 Jun all3 43c Mar ♦ * Mines Sullivan Jan 7 55c • American Co 10 Nov 23 Va 19% 3S5 4%c __ * Ltd Aluminum Anacon 24% 24 Va 103% 103% High 23 Va Jun 9 1 common Low 9% May 16 72c 1 Cons new Amalgamated Larder American ' 49 * Jan Jan 22'/a 4%c Nov Dec 22% Range for Year 1949 7,270 4,520 53c Oil Pacific 12 Nov 49 & Algoma Steel 20 V2 Jun 25 4,865 22 Va 1 Agncw-Surpass Atlas Mines Ltd__ Gold Gas Mines Alberta 9% Feb 9% all3 1 _i Uranium Akaitclio Yellowknife 78% 23% 100 Jan 22 % 8'/a May 16 Va Apr 8V2 Va * _■ Go.'l Acme 22% Shares High 24 Va a__ Mar 8 "' Acadia for Week 22% • Preferred Jan 1;25 Sep Jun 65 A Sales Range of Prices Low • common 20 May 12 l/a a__ * Mining Corp Ltd Centremaque New 12% 18 Chesterville Mines Ltd 1 Cochenour Willans Gold Mines -1 Ltd—1 Nechi 2,050 390 _100 Candego Mines Ltd Cartier-Malartic Gold Mines Ltd_ Lake 18% a20c • Ltd Paper $1.50 preferred Aluminium * Ltd & 5 Dec Feb -I.- * Power 8 Dec 10% 50c 77 V2 Corp Gold Labrador Jan 2 57 77 __ Metals Jaculet 225 a20c _* Ltd Metals Sol 5 6 Stocka— bouzan Gold El 300 Feb * Ltd Ltd Anacon Lead Mines Eldona Nov 17 l/a 2,000 rrv. East 18% * Maufacturing Duvay Jan 11 77 a Bonville 39 % 1.05 18 —— Windsor Hotel Ltd__ Base Aug 105 Last Par Abltibi Dec 32 7 18% • Products Ltd Mines 10% 250 43c 100 ___ Loo's Apr Jan 36 1.00 • pfd Gas of Canada Ltd United Corporations class B United Distillers of Canada United Securities Ltd Area 8 9V2 Week's Sale Price Jan 18% ___10 Union Ascot Aug STOCKS- Oct 3 Va Oct 16Va 7 * 6% Transvision-Television (Cam Mining 6 6V2 Ltd Southmont Invest Co Ltd Standard Paving & Materials Woods 32% 2% July • Russell Industries Ltd southern Canada Pr Westeel Jan Friday Nov Jun 11 * : 16 13 13 Va 4% * com., Jun. Exchange Oaaadlaa Fiiii Jan 295 18% - 1.00 * Ltd 9% 26 15% 35 Va 4 Ltd Co 15 . 7 » Mills & — 5 Ltd Rice 15 io Co Feb 8% May Oct 200 a Toronto Stock High 30 V2 25 11 20% 250 6 11 36 io & 3 V2 6 :• * ; (J Acadia-Atlantic class * common = Moore 75 11 common__10 Canada Ma Minnesota 332 28 a3 Va * , preferred Mica 12% 28 mm • : ; Distilleries Ltd ll * Co Co Ltd Melchers 6'io & 1,265 — a3 Va class A—* Lowney Co Ltd (Walter M) MacLaren 2,974 12 Va 12V4 26 15 V2 * MARKETS JANUARY Range itor 'Year 1949 Low 14% — Hyoro-'Electrlc Shares High 25% • Ltd Frices or Low A___• ENDED for Week Last Canada LISTED WEEK Sales Sale 1'rice Par FOR 17 Jan 20 % 29% 30 % 1,710 19 Jun 29% 20 Aug 24 Dec 18 V2 Jun 28 V2 Jan 4V» Jun 25 Canadian Food Products Class A common 24 24 24 5 • Dredge 26 Va 25 27 690 • 5Va • __ Preferred ... Canadian General Electric ——100 50 — — Dec 5Va 5 V2 110 11 Va ll'/a 75 Jun 13 Va Jan 67 67 35 61 Oct 77 Feb 2 210 Jan 260 Dec 250 250 8% 87/a Oct 33 34 & COMMERCIAL THE (134) MARKETS LISTED CANADIAN WEEK ENDED JANUARY « RANGE FOR Last STOCKS— Low Par High Oils 265 65c 68c 5,650 55c Jun, 16% 16% 16% 1,740 12% Jan 103 103 5 97'/2 Jun 17% 17% 18 15,086 11% Jun 31 31 31 95 Jan 30'% 11 25 11% 75 7% Sep 11 Dec 3,500 1.40 Jun 2.24 Dec May 1.65 Jan .20 Oil Gold Mines Leduc common Research __ i Cheskirk Mines Dunlop 10% 100 73 93 86,275 41c May 98c 5%c 5%c 5,500 4c May 10c 1.-/4 1. .2 l.'ia 12, Jul) 14 y2c 14 %c 15c 2,000 1.10 1.15 400 89" __ Consolidated Ansley Homestead Howoy Consolidated Lebel Consolidated Mining Mar 9 Dec 13 May 14 Nov 16% 16 y4 16% 2,510 11 4%C 5 y2 c 16,000 Paper Dec 1.15 1,075 85c Jun 15c 17c 61,428 8c 9%c 9e 10c 6,300 9 y4 9l/4 10 180 53c 58c 4,674 2 — 72c 5 %c 6,500 61c 42c 4,067 700 Oct 1.25 Apr 2,277 Feb Hosco Gold Dec Hoyle 1.28 10,760 76c Jun 21 21 125 18 Sep 21 14% 14% 250 13 ;'e Aug 16 Nov _* 0 1 17c 500 52c 58c 5,200 50 , 58c 50 % 160 501/4 13c 13c 4.500 5%c Jun 17c Oct 34c 34c 4,500 16c Jun 43c Jan 24 25 20 Aug 24 24 8% 500 15c 1.75 1.80 Jan 1.80 4,200 27c May 54c Sep 20c Jun 38c Sep _ ______ _ ... __ class Joburke 110 18% Apr 22 Mar 557 22% Jun 29'% Nov Joliet 14% Jan Kayrand 1,100 7% Dec 120 100 Va Oct Nov Keiore 103 180 3 Dec 5 Oct 200 41 Jun 46% Nov 5 10 50 1 class A __ 55c 54c 57c 15,700 (1 9% 9'% 9% 100 « Ltd. East East 1—„. Machine — 6% 46 46 % 365 46% _ 5% Sep 4c 150 . 45 c 250 19,731 Sep 21% 18% .Tun 19% Dec 74c Sep 19'% 3.10 (A J) 35% 35 35% 425 30% 550 May 10% 11 1.19 1.20 150 5%c 5%c 4.100 2.05 2.30 29,500 50c 12% 12% 75 11% 4c Power 1.75 4.000 1.30 26 2,779 20% General Petroleums General Products General Steel MacDonald Macfie Oct Macho — 9c 10,000 7c Dec 26 280 20'% Mines Dec Nov McMillan 26 Feb Magnet Consol Gold Maiartic 27% Jan Manitoba 96 Va July 99% Nov 91 SO 91 25 86 95 Jan 6 %c 7 V»c 1,500 1 tie 17c 5,160 9c 22c 23c 9,896 6c; 4%c 5%c 2,134 10 V2c 11c 10c Dec 28c Sep 72c 77c 9,500 42,530 26c Jun 87c Dec 5c 5c 2,000 4c Oct 14c Jan 25,500 6c Nov 23C Jan Feb 34 Dec 73c 2.57 2.50 2.60 7,650 Jun 30 85 "a Jan 92'% 30 16 July 18% Nov 1.05 1.10 1,000 1.10 1.10 1,100 30% 30 31 185 18% 18 18% 1,300 100% Jun 106% May Jun 2% Nov 82c Sep 1.35 Nov 78c Sep 1.55 a a Wares common—. Preferred "1100 .. 105 Va 105'% _ _ _ Oil Lake For Gold footnotes see page 36 13 Jun 99 Va May C.35 6.60 4,217 4.75 Jan 6 % c. 7 Vac 5,000 6 %c Dec 234c 2%c 2%c 4,334 2c Sep 65c 64c 65c 6,300 40c May 33c 32c 36c 9,750 29c Jun 1 _ 6.60 • God's .. 6%C 1 Globe Lakp ,_i 1 Giant Yellowknife Gold Mines. Gillies 45 16% Mar 1.2C ; 33 18% 106 7.70 Gold Dec 30c Nov. 41 :»c Mar 8c 26 4%c Dec Sep Feb 13c Jan 14 19'% Sep -5.715 4c 4,500 3c Jun 10c Jan 65c 1,000 41c Jan 95c Aug 25,025 20 310 1 5.10 5.10 5.30 6,800 4%e 43bc 500 1.15 1.22 25.500 5%c 5 %c 1,500 1.18 Jun 1.85 Sep Aug 23% Jan 2.85 May 6.50 Jan 1.19 19 2% 7 Jun Sep May 1.45 Jan 2'%c Dec 6Vsc Dec Jun 65c 5%c 1 1 38c 35c 38c 6,650 30c 64c Jan 6c 6c 1,000 5%c Doc 12c Sep 14 13% 14% 970 10% Jan 17% 61c 50c 64c 103,250 34c Jan 60c 2.35 2.40 800 Jun 2.85 2,926 2.00 Sep Sep Aug 7.30 5.80 Mar Sep 6.75 7.30 314c 3 %c 1.100 3c Dec 53%c Jan 4VL'c 5c 2,500 4c Dec 12c Jan 4c 6c 36,000 16 4%c 79 %c 2»/4c July 63Ac Aug 16% 245 13 Jun 16% 74c 79 %c 5,600 53c Jun 86c 1.24 6,500 95c May Sop Dec 1.20 1.22 6c 6c 500 4c %c 55c 35,900 38c 31'% 31% 32 505 31 31 - 44 51c 31% 1,375 27 Jun Nov Jan Nov 10c 1.08 32% Jun 27'% 1.35 Aug 32 Jan Jan Oct Sep 7'% Mar 50 5 9 Dec 11'% Feb 8c Jun 45c Jan 15c 15c 15c 3,500 8c Jun 17c Sep 2.00 2.60 2.70 3,675 50c 44c 51c 31,300 21c May 74c Jan 2,000 5c Jun 13 %c Jan 14c 15c 3,500 11c Nov 34c Jan 1 —" 2.22 2.11 2.35 109,600 77c Nov 9% 9% 9'% 475 8 Jun 10 Jan 7% 7% 100 6 Jun 8 Nov 3.10 3.15 7,350 Mines— " -1 1 ——* 5c 3.10 — Preferred. _l 35c 40c 57,500 16c 14,245 2.02 Jan 2c 2 '%c 2,000 9% 9% 9% 250 4c 2,250 1 -1 1 Gold McLellan McMarmac Red Lake — Oct McWatters Apr Mercury Gold —. Mills Mid-Continent Oil 74 %c Jan Milton Jan Mining Corp — Brick 56c 1 2c Nov 4'%c May 8 May U'% Jun 5%c Feb 19 %c Dec 3%c Jan 775 8c Jun 5 Vi c 2.000 3c Aug 23'% 10,754 15% Jun 23% Oct July 28'% Nov 2"'„ 85 16% ltr'i 5,150 98%. 98'% 30 27'% — 23 Jun 67 67 925 50'% 16% 55c 2,250 30c 5,500 3c Nov 9c 9c 3,750 8c May 8c 8 %c 2,500 8c Dec ' 5% 4c 5% 505 5% Sep 4c 500 3c Dee July 1.20 1.10 1.20 3,200 95o 12'% 12% 12'% 2,432 8.25 Jun Dec Nov 69 Nov Jun 4c Oct 100 Jan 53c 5% 7c 10% Jun 90% 3%c 67 3%c * * —- * * * Sop Dec Dec 21V2 27'% 5 Lake 3.60 Dec 5c 16% Red 40c Sep 13 VaC 13 %C 23'% Porcupine Dec 3%C 4c 1 1 McKenzie 3.70 Jun 3.45 * 100 — 2.33 Jan 3.30 * ——20 common 2.40 35c ——,— Preferred 5c 3.10 Jun 1.90 3.35 —1 — — McColl-Frontenac Nov 3 Vac July Sep Oct 19% 1.42 ' 11c 13c 23c 3'/4C 18% 1.33 Oct Dec ■: July 75 ——;_— Massey-Harris common 95 25 8,500 19% —* Martin-McNcely 17% 200 Mines Maralgo Marcus 95 2% 165 5 Vh c 3%c May 1,500 1 Eastern & Jan 17% 2% 10% 43%. 19% —1 2.90 Nov 106 % 106 Va 7 43 8 Nov 1.75 Feb 110'% 17c Maple Le«f Milling Sep Nov 5 % Fields Sep Jun 15 14c Dec 103 17c • —— 93' 1 29 , 7 %c Mclntyre A___ 99-% Mar _1 Red Lake Gold Mines Madsen Jan Feb 20 21'% July 5 Jan 7.30 . 93 — class Mfg 445 102 91/4 A class Export B 8%c common Aug 25 28 % 16c Gold MacLeod-Cockshutt 25 V: 17% 16 15,000 18 a 5% Sep 98 106'/a Jan ———~—1 1 £—1 River Dec 25% a 54c 13 —.—.——1 * 1 Red Lake 2'/a Jun (1 Jun 9% 2.35 Sep 25 ... 30c 36 5'% Goldfields 12% Nov 1.40 Z100 Bakeries Dec 40c Jun A Class Oct 11c Nov 1.70 com„— preferred 10 V4 Jun. 0 Nov 129 May 25% • Sep Oct * Lynx Yellowknife Macassa Mines 16 98% July 1.20 5 V2c -100 7'% — _100 preferred 1,145 7 B Class 40% Aug 5 _ Jan 10'% 99 w 12% Jun * Exploration 8% 29 « Lac_: Long 9 preferred. Aug 10 1 7ioo .... 7 16 % Jan 5.00 Jun — _ 75 Sep 7,132 Feb 26c 13% common 7% 102 Nov 7c 600 565 _ _ "Dec 1 July 15c 2,033 0 Gold Cos Preferred General 25c Jun 9c 11c » _ 30 % 1 __J Dec c 21 Gold Little 1,525 a Manufacturing Dec Class Motor class A.._ Dec 3,410 Lencourt Gold 4.60 -- 30 18 • Sep 15 % 2.27 100 100 Leduc-West Sep Jun Dec' 4.45 * Dec 31 Dec 9% — 82c 30c 33c 14 v'b ;____ 31% 32% Mines "U" Secord 58c 9.250 4.45 ■ Laura Leitch 15 % _ 20'% Mar 27 V * Jan 39,350 19% Feb Dec Louvicourt common _ 7% 7 17 38c 33c a luu 32 9 Lamaque 13% July 1 Petroleum Gatineau 50 39c 21 43 %c 30 DeZ 1 Lapa 49 %c 19% ■ Be • Gold i—_—_L_ Cadillac —_ Lapaska Mines ___————_— Sep Dec Jan 38 16 8'% ■ May 100 — Mines Larder * Ford Co — 3c __ 1 Mining- Was a Luz 3.25 July 36C 36 21 ■' 4,300 40c 40c 1 Mines Shore 5.40 Jun 16 ' 4 %c 9% 10 Jan 38c Jun 19c 6% a Fleet Gair July 4% Aug !— Z25 Fittings Ltd class A_— Frobisher 4,500 5c 5 7.100 Preiman 10 %C La 150 Nickel Grain Francoeur Lake 355 1 Kirkland Fraser Sep Jan 5% Fanny Farmer Candv Shops Federated 16c 5 _ class A preferred (T Hi 26'% 8% — Jan July 5 8%c 7% Jan 1.39 Lake 7c 1.83 May . Jan 24% * Lingman 7,000 1.62 _ 6'% 250 — Lake Rowan (1945) 13c 13.550 37c 200 27 % Gold Fortune Lake 17c 27,300 1 7% 65c Feb Jun 26c 25 14'% 32% Laguerre Gold Lake Dufault Mines— Sc 10,500 1,170 % 7% ■ 102 Labrador Mining & Exploration— 862.400 6c ocr 31 28 Ltd Labatt (John) c 9'% Dec 30 __ . Lake Lake Mar 25c 5.35 Players Federal Oct 12 2.40 Corp Federal 92c Dec 5.15 A Famous Jan Dec 9'% 14c 11c __ Falconbridge 13% May 2.25 38c Mines Brass Eureka 11,500 17c 35c 23'%c —20 ... Gold Sol / Dec 9% 26c _ — Gold Empire Aug 2.35 * Mines Estabrooks May 170 May 5.20 _____ _ _ Invest Pen-Rey Sep 12 1 _ Eddy Paper class A.... El Kirkland 10'% Nov 9 3 %c 4c Kirkland-Hudsou Dec 167 JitU 9% Nov 7% ' — Nov 1 _ Mines Steel Eldona 5'ac ... Mines Washing Elder Oct 26% 24 * _ _ Sullivan Economic 12c * Leduc Easv 7c » ' Maiartic Eastern 15 %c 12 %c —_1 __ Oil 16 % c _ Amphi East ,35% Apr 100 9c East Crest Feb Aug 100 730 Dec __ Mines — 19'/4 19% 2,070 26 22 Va 100 ..... - Gate Golden Kirkland 20 34'% 10 Preferred ■■ 5c 21% 33'% 173 Jan 6c 26 % 14 14% * * ; 19% 13'/a 11% Jun 57 Jun 8 —1 Mines Jun 10,648 173 39c Jun 2c ey2 Mar Keri-Addison 11% Jun 38% 50 Kenville Gold 45 45 21% 11% 23 %c 475 50 1 Mines Kelvinator 5'% 22 2,000 9 1 Mining 8% 34% ♦ (1939) Quebec 5 26 25,200 1 1 1 Gold 28 19% il 15c 9 • Ltd Mines 20'% 101 a 27C 47 Va Feb 17 Oct • Jellicoe 30 common Textile common Feb 9 * Petroleum 8 Preferred 32c Oct 9c 8,000 100 Milling preferred Mines 50 / • Chemical Jan 3c * Gold Jaculet 21% Dominion Stores 12'% 8.75 May 1,395 2%c 1 A International Nicsei Co common % 5% B 11 3c 100 International 26 Va 50 _ J 47 25 * 6 : Mining Inspiration 7% .100 Jan 19'% 26c 4 Vac preferred Ingersoll Machine class A Ingiis (John) & Co 7% 8% _ Dominion Steel & Coal El Acceptance 103 « Scottishh Invest common —1 13c Sep 47 .— Convertible 20'% Magnesium 13'%c Dec 15% 13c 14c 27 Jack Waite Mining Malting preferred Mar G%c 490 11 1 common—.— • Lake Dec Dominion 6c 500 17 11 25 ___■ 28% Dominion 6,500 8c 17 ... Nov\ pieferred Apr Dominion 10c 8c 10c ; Nov 24 Va 23 Dec 15 10 e 65c 24 Bank Dominion Foundry & Steel—__ July Feb International Dec 50c Feb Jacknife 9 500 13% Mar Sep 21 Sep 59 c 16'% Dec Jun 17c 27'% 22 7'% Aug May 671 21% 20 6c 14,813 Jan 20 '/a 2,500 32 Jun 1. 10c 23% 15y» 20% 59c 30'% 1434 25 Jun 22% 9,027- _ 21c 23 2,920 . Fe?3 3V'2c Sep 4,500 31% 20 % common Apr 1,500 37c 10 21% 190 Jan 8'%c 3%C * 21 27 10% July 83c * A 1914 27 Nov Jun 35c 9c — Oct 1.90 Jan 1.20 3.700 28,800 3,008 Nov 33 %c »»«..■ Preferred 36c 1,500 44 Oct Jan 10 Vbc July 9 V4 6% c Sep 5c 43c 38c 12 Mar 9 49,033 c 6% Powders pfd_—23 31c %• 0 15c 420 10 V, 10 6%c 7%c Sep Dec 12% Jun 8 1 20V4 preferred 26 Vac 10 Va —V 21 Vh Mines 105,200 Mining <x Smelling • Gold 33c 28 Vac " P5 1 Dulania 445 -—* 5 1 2 Yellowknife Seagrams Mudge 12 9c Mines Ltd & 11% 4.50 Feb 3.50 3%c 30'/2c Donalda Dec class 32c Sep Dec IV2C 100 Metals 30c Feb 3c 3%c 3,500 Bronze 34c 7 Vbc 2,000 2C ' Dec 19'% 4c 11% Oct 17'%c Mar Jun 14 4.40 International 1 1,730 2c Feb 33c Jun 10c 19 V4 4c __ International 15c • 9'/4 Aug 6 % 50 Oct 4.40 . Dec 34c 3c 9 Industrial Feb 11,500 19 19" 41 Bank Ja 14c Jun 5 %c 25c Imperial Oil * Imperial Tobacco of Canada ordinary_5 Preferred £1 Imperial Sep n Jan Jun 5,900 32'% Indian 52 Jan Ooc 16C Ei 4% 72c 45% Mar 7c Dec 80c Aug 1,700 5c 1 + class Ltd Jan 30c Feb 40C Sep 6% Get 5.400 7c ♦ . 31c Jun Dec 15c Jan 1.45 Dec be 19c % 0 1 Mines Bay Class 36c 17c 19c Maiartic Hunts 7%c 7%c 1 A Dec 5'% 400 17c .. —MOO . 7 6 % 7 Jan 164 10c 3.275 25c 20 %c " * 123 Dec 7,500 7c Apr Jun Mar 81 148% 41 c 40c 41 %c 8V4C Mining Hudson Hugh Jan July 34 20 13 13 Jan 16 1 Consol Hclimger Nov 21 *_1 Donnell 60 1 Sareee 12c 1.20 common Woollens 40% • Dauch & 72c 1.22 Lake Dominion 40% Jun 9% 59c 35c 123 Mines Dominion 40% Mines Dec 1,335 Ltd & 2,205 Highland-Bell pec July 5c 165 e Dominion Tar 15% 44c 61c 103 1 1 Preferred 14% A class 4c , 163% ; Dairies 15 1 Highwood 101% B Coal 17 %e 10 1 Htghridgc Mining 102 — Dominion Oct —* Sep 163% : Dominion 12c Mines Sep Smelting.—5 • Dominion 8,900 Feb 26c 1 Distillers East Gold 11% 24c Mines Discovery Dome 14c * 38c * class Dec 12c ____ Sep 26c Patricia Leather Jan 20'/4C 14c — Mascot Hinde 61c 1 & 10% Feb £. _ __ .1.00 Jun Apr Feb Aug Gold Gold 53% " Carpets F) Oct Jan 103 9%. Headway Red Lake Heva Hep 50 % 10y4c Gold Hedley 80 10 95 r 20c Nov 40c Jail 1.25 Aug C«'%c Dec; 7% Jun 4:%c 5c 1 6% 390 52'% ■ 65c 1 41 Oro Box Mills Coal Red 1.50 1.10 Mines Oils Jun 91 52'% i Gold (J Feb 4c 3,000 Alabastlne & Swayze Haaaga 9%c Dec 20c 1 Mines Harding Feb Jun iy4c 1 Mines Rock Hard 91/aC 3c 1,500 10'% common A Harricana Jun 4,500 10 Hamilton Bridge Hartz Jun Petroleum Decalta Sep 5 Pershing Class Dec 8c 2,000 __. Mining D'Aragon 17% Dec 6% Mines Craig Bit common Crowshore May 3%c 6 V'b 16c Sep 3.20 Jan 2.00 6 y4 Exploration Delnite 6 40 100 Imperial Dexter 300 1 • 1 Gas Nest 12,700 9 14 64c Duquesne Crestaurum 2.28 9 14 2,100 Mines Consolidated Corrugated 2.06 14 * Consolidated Consumers 2.08 Oct 1.40 ... Beattie Consolidated 24c 3c %c 19c Nov 2V4c July 6,500 1.32 Consolidated Bakeries Jan 47c 4,000 43 c 1.35 u'l Consolidated Astoria Consolidated 53/4c 3c 42c * Mines Hale row 3,000 4 2%c * Paper Lime Ovcsum Hallnor 2%c _1 National * Ralliwell 3c 1 Petroleum Sep 1.75 Mar Dec Mines 5%c 4%c •' 10 Lake Uwiuun Feb 42c a " 41 common May 1.00 * 1 A class Gunnar Gold Jan 25c 50 Lead Gulf Apr Jan 90% Bousquet Mackay Lakes 1.55 2'%c —z zz Guayana Mines Mar 2.85 Oct 10c 4%c 4%c 90% Guaranty Trust new common Jan 11 Nov 1.45 51,500 * Preferred 13%c Jan 3%c July 8% 2.94 v Great July 32c Jun 14c 2.51 1 Preferred Jan 1.45 May 10% Yellowknife Coniaurum Davis 65c 1,000 1 * 1 Plow Commonwealth Da vies 2,925 26,500 A Cockshutt I 1.08 6%c Willans Cochenour Crow's 1.03 16y2C Maiartic Cochrane croinor 1.07 6c Oils Cournor 56c » Cirtralam Cosmos 23,950 16 %C 1 Gold Conwest 1.48 3.15 2.89 1 Grandoro Jun 5c 1 Gordon 9%c Sep 2,000 Mines Graham Dec 6,100 6c Goodyear Tire & Rubber com__: Dec 16c 6c Goouxish Mining V 17% Dec 19 %c Dec 1 Manitou Goldora Jun 6c Goldora Mines Dec 14c 1 _< Feb 5,300 6 %c 6c 1 _: Arrow Goiden Sep Dec 6%c Chromium Conduits 1.38 85c 16 %c Mines Chesterville , Golden 16% 1 1 Gold Steel Chemical 22 Gold Goldcrest High Low 16c 6c ■ Jan 103 1 ——0 50c 1 Porcupine Centremaque 36% Jun 1.42 1 1 Central Patricia 2.22 2.20 1 —" Casue-Treihewey Colomac Jan 27 : class A Corp Class 11% 27 —,—..100 Corp Tire Canadian Coastal Dec 27 • common— Canadian Pacific Railway Chimo 8% 910 Range for Year 1919 High 16c 16c 1 Mines Goklaie Jan 9% * Cos preferred Chatco 11% 8V4 ■ Central Jun 8% 41 Maiartic Canadian Central 8Va 9% Canadian Locomotive Cardy 990 24 Low Par Shares of Prices High 9% B Canadian 5% Year 1949 Low 9% • Canadian Indus Alco "A" voting—' Class Range for for Week Range Sale Price Shares of Prices Sale Price Last STOCKS— for Week Range Sales Week's Friday Sales Week's Friday 1950 Monday, January 9", CHRONICLE FINANCIAL 71c Oct 12c Apr 21 %c Jan . 12c 7% Sep Jan 7%c Mar 1.55 13% Jan Nov Volume 171 Number 4871 THE COMMERCIAL & CANADIAN RANGE Friday STOCKS— Range Sale Price Par Monetn Porcupine Montreal Moore ——1» _—— Locomotive Corp Shares common 14% 190 12% Sep 3% 35 3% Dec 3 6'Ac 38c 2.050 36c 20% 20% 21 1,540 17% Aug 64% Jun Low « 7 7 77 78 420 100 465 465 465 15 ____4 3 3 3 200 1 19c 16c 21c 34,400 Long Lac National Grocers 5% Sale Price 384 2% Siscoe Feb Rlaaen Southam Jan 78'% Nov Siadacona 430 Jun 3% 16c May 36% 36 % 100 8%c 9c 305 11% 9c 11% 195 10 11% 250 35% Mar 39% Standard Sep National Oct Stedman of Apr 30 Dec * preferred 14% 38c 28 % 38c 1,000 26 %c Nov 19% 19% 20 955 16% Jun 23% 25 Jan 30 27% 28% 197 1.65 1.62 1.68 7,075 7 'Ac 8c 102 102% 65 8C 9c 1,500 3 'Ac l Mines 47c Co 3'Ac 3%c 3,200 Dec 1.45 2.63 Mar 100 New _ River Jan Nov Sudbury Contact Aug Sullivan 104 Feb Nib svlvanite __ 11,100 84c Jun Jan Tamblyn Ltd 42c 239,450 18c Oct 35c Dec Taylor 50c 50c 3,300 47c Oct 75c Feb 33c 79c 13,550 24,500 5c 3,000 3c 3c 3'Ac 8,500 3c Jun 9'Ac 10'Ac 18,300 7c 2.35 Jun May — 1 ■ 5 — 9'Ac • Noriartic Mines Mining _ _ _ Oct 5c i Preferred Gold Norseman Jan 18c Jan Tombill 14c Jan Toronto North Inca Gold Northland General 9c Jun 26c Jan Toronto 3c Dec 8c Jan Toronto Iron 58,775 40c Dec 1.03 Apr 90c Jun 48% Jun 1.09 100 3c 2,240 2,000 66c 62c 68c 98,750 2.80 6,510 -- ' 2.76 2.72 O'Brien __ __ _ _1 ___ • common __ Gold Mines _ 1 __ * _______ * • Alalartic — Gold 1 — Omnitrans/Exploration Ontario • 1.25 25c Jun Osisko Lake Osulake 1,000 10,500 8 Tower Traders — • Tubes Porcupine 1 Mines • Ltd 1.98 2.04 7,555 1.42 26 %c 2 6'Ac 3,000 17 %c Paiamaque Parbec 1.11 1.75 May 5% Oct 20c 22c 4.000 12c 1 Photo Engravers 1 _ 3'Ac 9,300 2'Ac 5'Ac tic 355,500 3c 130 85 42 44 Pioneer Gold Gold Porcupine __ __ Reef Powell 100 18 Rouvn Power Gold common Metals Pressed Nov United East Prospectors Purity Dome Alills Quebec Labrador Quebec Manitou United Sep Fuel class A Class B preferred Jan Apr United Keno Quemont 6% Nov Sep 10% Dec 3.15 3.00 3.20 5,175 2.54 Jan 17 110 17% Oct 22 Feb Jun 16c Nov Mines Quinte Milk Reeves United United Renfrew 9c Nov 125'A Upper Rochette Royal Gold Oils Roxana 40 Dec Ventures _ Ltd __ __ 7c Jun 18c Jan Wekusko 5c Aug 9c Nov West Malartic 2.02 Feb 4.75 Jan 50% Sep Westeel May 1.69 Nov __ 47 47 % 495 1.35 1.40 8,350 36'A 96c 4 %c 4'Ac 500 18c 20c 19,000 'Ac 4%c 1,000 2'Ac July 8c 3%c 1,000 2%c 6C Sep 2'AC 9c 2c 3c 24,500 lc 32c ■„ 33c 2.747 30c 63c 63c 1,000 28 28 25 55c 25 Nov 8c 1.300 7c Jun 8,500 29c May 51c Sep 1,508 17 Jun 27 34 Dec 27 1.400 97 97 90 50 52 20c 25c Jun Nov Feb 24'Ac 8'Ac Consol 9'Ac 38,000 42% 4,608 7c Rupununi Pn.ssell St Lawrence Jan Wingait 1.71 Apr Jun 15%c Mar 2.70 4.00 Jun 77c 45 28% 29 26'A Wood Sep (Alex Jun 65c Jun 12% Jun 17% Nov & Yellowknife 13 13 13 695 9% Jun 13 Dec York 1.89 1.80 1.90 3.350 1.30 May 74c 85c 10,000 4 6'Ac Mar 8%. 8% 8% 455 Dec Yellorex Sep 6 'A May 15c Dec 2.17 85c 9% - 2nd Pan preferred Sand —--— Gold Antonio __ River, Gold Sannorm Mines _ 65c Oct 75 8 Sep 10 —1 — -1 __ _ Scythes & Rouyn Ltd Bhawinigan common Water __ 21c 16.300 67c 1.04 J) preferred 22 V8 10 1,475 Jun 3.75 Power • .50 Shawkey Mines Shea's Winnipeg Creek 6% 100 5'A July ;7% 2%c 3c 2,600 2'Ac Dec 8c 10 9% ___1 — Brew class 10 P% 7 1.45 10 35 330 <* A 9% 9% 1,2 C 8c 10,500 6C 44c 46c 5,800 23c Oct 7% 3.25 3.20 2.35 6,413 1.10 May 4.85 Sep 7.00 6.65 7.05 3,820 4.00 7.00 Dec 19% 19'A 12 Breweries Voting trust Pilanco Silver . 17 Jun 21 23c 1.000 20c Dec 26c 9.60 4,545 37% 36 3A 38 5,375 6.50 May 23 34 Jun 8 'Ac 8'Ac 8 VaC 4,000 7c Jun 15c Sep 1 5%c 4'Ac 6c 3,200 4c Dec 9c Feb •19 1 9%c common 24% Jun 5.85 Feb 3c 3'Ac 20,100 18 4G5 10 9c Feb 2%c Dec 14% Jun 101'A Mar Knitting class Dairies class Simpson's Ltd Asbestos British Corp J- Columbia ♦Preferred Preferred Brown Co For footnotes see 28 9.90 29 % Sep 33 Dec 32 70 25% 26 450 15 10%c and Canada Jan Canadian Fairbanks Jan Canadian Industries Dominion Sugar Western 50% 20 37 51 Nov Canadian Westinghouse Jun 3.90 2.645 3.50 4'Ac 500 3'Ac Oct 6c Nov Oct 35 Nov Mar 26% Nov Jun 21 90% 101% Dec 37c Jan 4c 7c May 5c 7,500 4c Dec He 6%c 49,500 3 %c Dec ll%c 37% 2,485 27 Feb 38 Nov 100 40 97 May 101 Nov 120 120 15 110 Alay 118 Mar 15 15 50 2.27 5c Jan Jan ■ __ 2.25 2.21 21c 20c 21c 4.500 18c Jan 89c 87c 92c 12,450 61c Jun 2.848 2.00 May 6 'A 6'A 6 % 15 6% Oct 2% 1.084 1% Jun 2.75 48c 1.15 7% ■3 Sep May Sep Jun Mar Exchange-Curb Section Fnnds Week's Range of Prices Low 5% __ __ RnJ°s for Week Shares Range for Year 191!) Loxo High High 5% 5% 540 25% 25% 285 21 Jun 26 84 84 100 75 Sep 114 Jan 4% Sep 7% Jan Jan 135 3% 139 105 131 Nov 156 Jan 3 4V'b 18,858 2 May 4 Jan 97 92 99 770 22% 22 22% 2,060 12% 12% 400 70% Jun __ 19 Feb 103 Feb 23 Nov 11% 39 * 23 % 40 225 30 23% 24 450 19% Sep 13'A Jan July 39' \ Dec Jun 24'A Nov 1 2.000 5c Nov 17c May 14% Nov 16% May 30c Jun 60c — 3 * — Lumber — • — Dec —* - 57 1.15 July 3% 92 94 200 60 Jun 94% 3% 3% 2,700 3 % May 4 Apr 57 58 315 49 Jun 60 Nov Nov 2% 3Vb 2.900 Dec Sep 6c • 16 50 14,500 Jun 4.75 Sep Consolidated • deHavilland Aircraft Sep —— 24% 25 715 48'i 48'A 50 10c lie 6,500 14% Jun 25% Oct Dominion 45 May 49% Dec Dec 20c Jan 15 1.20 2.200 1.01 2.30 35,864 1.25 21 21 260 15% 20'A 11% Mar Jun 15 Foothills Jun Feb 20'A 115 30c 33 A c 16,400 29c Aug 50c 12.000 32c Jun 48c 9% 7% 10 7% 15% Feb Jun 20% 26c Jun 59% 12 12 12 10 14 Sep 23 Jan 12 12 25 Feb 14 Nov __ 5% Oct Paper i * Oil 24% 24% 24% 25 May 24 % • Bridge 42% 42 42% 420 31% Jan 42% Nov 17% 17% 25 13% Jun 20 Mar 3.30 3.35 700 2.30 Aug 3.75 Nov 28% 28% 28% 45 21% Aug 33 Oct 39'% 39 40 3,445 37 Dec 40 3'4 Dec 21% 21 21% 1,635 13% Jun 22% Dec 18 18% 1,975 12% 22% 22% 40 * — • Jan Hayes Steel 3.40 Sep International Paper Utilities — • new common — 7% 5 Nov Minnesota 21'A Oct Niagara Wire Weaving * 65c 20 Dec Oil * , Apr 63c Oct 310 8% Apr 10 Nov Pend 110 5% Apr 8 Sep Price 28% 28% 28% 1,690 22 Sep 30 Jan 26 27 1,370 21 Sep 28% Oct 125 93 Jun 101'/a Dec 100 13'% 4,100 Dec 26% 99% 4.115 45c * 1.60 22 19'A 43c * Donnacona 10c 18%, 43c * — Disher Steel common 2-3% 19 • Paper Dalhousle Oil Preferred 100 Jun 10c 36% 120 * com— Canadian Marconi Canadian 32c • 29 % 51% 100 * Morse common Jan Jun 3.80 50c Dec Nov 4 % c 31c Feb 8c 10,000 • Vinegars 10c 18% 104 12C 100 Canada Dec Dec 16 1 35% Oct Dec 35c 12% 14% _100 36 45 4%c 1 86 1.20 « page Dec 26 6'Ac 100 _— common 71% July 2.20 • . 29 36% Pulp„ & Paper com__* 30 5'Ac _ A Apr . 10 %C 1 • 300 30'Ac a class 22 32 * . 86 31c . B 35 Last Andian National 50% * A CO 1,500 100'A 100'A • * : Canadian Vickers 1 Class B 49 30 : 14% 1.20 — Dec 9%c 2% A 86 certificates common Mines Jail 9c 100 • 14% 4% 37% 49 1 Preferred 2,395 2.25 vtc Mar 15% Feb 30 Sale Price Apr 7,585 17% 14% 100 Jun 23c Friday Dec 33.250 -50C Minlnc Miller Silverwood Class ... Oct 9.10 Canadian Jan 13c 23 21 _ Gordon Nov 23c STOCKS— Jan 54c 9.80 103% 103% 11% Nov 9.60 13c 21c 9.20 Dec Aug 27 % 1 Gold Oct 17 %C 18'Ac . Dec Jun Toronto Stock Jan 25 Nov 4.30 Sep Jan 48% Dec 23 Jun 5% 100 Mines International Sherritt Sicks' -1 com Preferred Sheep - 55 Mar 1.22 1 Bear Jan 6% — Jun 17 8%c Dec 2.50 __ 47 9.400 Jan 10 3.90 85 255 4.30 Jan 2.45 50 % 55 22% 7.400 5 —5 Mines 1.20 Aug 2.50 16 __ _ & 1 — _ senator Co —_1 Dec 19c 20'AC 1.18 May 14% Jan 25% Oct 4,800 --99 30% Dec 85c -1 .... __ Oct Sep 18% July Jan May 85c 3%c Dec 27c 4.10 100 Combing Wright-Hargreaves 33% 17% Dec 16 % 22'A • common Wool 980 11 • 174 Sep 3,525 1 Jan 27 1,155 1 Electric 1.398 —100 Jun 8% 8%c May 100 25'A 160 54% ___1 Gold 2,000 1.30 _ Preferred Dec 21 % common. Corp common 1,200 4.15 i» — Winchester Larder Dec 1.04 __ St Lawrence Paper 1st preferred 10 2,970 12c -100 _ 27% 78c Mines Industries Saguenay Power preferred May 15% >» common _ 89c 17% 9.65 65c 2,290 _ _ Preferred 44% 17'Ac Dec 28% * Jun July 20% 1 10c 7% .. Wiltsey-Coghlan Jun » Apr 2,100 26'A „ Western. (George) 95C 10 90c 1 — common Sep May _— Dec Sep 46c Roy a lite Oil Nov 45c 6 _ — Grocers 16% — 97 5,200 • Products 1.04 7%c Dec 7'A W) _ 6'Ac 3.00 Mar 30c (G & 45c 40c 1 27% Jan 12c 1 (Hiram) 17% * Jun 20c ~2l Jun 39.400 _ Sep 17% 15% 25 Oils Amulet Class A Apr 51,752 _ 15c 30 172'A 172% 8'Ac Sep 88c 1 Dec 25% Jan 3'Ac 4c 1.10 ... 12 • Western Ashley Minerals 47 39,100 1 19c . Jan Nov Oct 10% 11 Dec 1.3.9 20 % Jan 169 Mar 9 42c 25 1,000 6c 4.65 1.05 1 Eank 70 15% __ 2,000 6c 4.40 75'Ac * Roybar Chibougamau 11% 20 27% 172'A • Walker 19c common _ 11% 50 __ Mines Nov 85c .. Co 100 • 27 Par (Little) 156'A Mar 11 20c _ 1.38 4.60 2c Robinson 170 1.35 Mav I _ Canada Feb — Cotton 11 Nov 1.09 _ Robinson Jun 51 _ _ May 1.000 Textiles class A Gold Reno Jun .9'A * Steel 45c „ __ - 69c 190 97 * 17,550 59,850 _ . _ 5,200 1 - _ 1.25 11 class A 7c 1.25 10'A 167 100 _ _ Oils Sep -1 .. MacDonald 6,550 1.20 Sep 27 _ . Waite 78c __ Ltd 3.75 12 %c 14 %c 11% preferred _ Vulcan 1.99 • Mining Quesabe - Oct Jun Hill Oct, 3.30 .1 .... - Sep Feb 31% • Nov 6c 27c 1 __ 26% July 36c % * Feb % Queenston Gold 165 Dec 9% - 12d 73c 10 30'% 10c 4 _ 20c — common 2,000 100 * B Jun 1.90 _1 Airways Flour 12c • Corp class A Class Nov Class B Preston 12c 175 • Dec 3.25 _1 Jan 2.35 . _ 10c 10%c 43% 10%c Jan -100 preferred 5c 7dC • Dec Dec 1.27 34c 6 * 6c 3.30 __1 ___ Corp 46c 3c 5.100 11 Resources 2,000 1.94 • Sep 3,250 27 Mining 2.70 121% July 13.800 4c 8c 2,000 1 __ Sep 39c 7%c 1 _ Gold, River Powell * Alines Nov 48c A 7%c 8%c Crow Feb 2.75 27C 11'A Gas Winnipeg Pickle 11 %C Jun 6 Virginia Dare preferred 10'Ac 10%c __' 28 _ Dec 1.66 _100 class Tobacco Union 2.60 Jun 128 Tuckett Union Dec 1 __ —_ __ Mar 4c 1.27 11% Transvision-Television Feb Feb 53c Jun 2%c 4. _ 16c 3c _ Aug 6 Jun 45c ccninion- „. 13% 6 21c .1 Paymaster Consol Perron Gold Dec 6 Trusts B 19c 3'Ac Aug 3'Ac Mines Partanen Alalartic 5,500 Dec Dec 2.67 1.60 Exploration 40c Feb 1.65 _____ Alalartic 12,870 Jun Oct, 13'Ac Aug Jun 5,625 1.70 • Oil Nov 102 1.26 2,100 2.70 1.22 Works Transcontinental Jan 60c Dec 200 2.02 4'Ac Western 17% 105 10 Finance Western uan 24c 4 %c Feb Mar 78% Mar 25 39,930 23c 14 %c 1.16 __ 2.65 2.61 Petroleums Class Jan 13c Oct 1,100 10'Ac Hershey Painour Gc 5'Ac 5% Mines Petroleum Nov 11% . Towagnac Feb Dec 13 %c Nov 10% 6c Page Jun 5% 1 _1 _____ Mines Pacific 4c 40c 5,500 44 _ ,___ Nov Sep Nov 3.75 3'Ac May 'A c 130 _ Lake Nov 5% 1 A 65c Oct 1.70 Class 6c 69% 2'Ac July 10% 26 %c * common Gold Red 8c 8c 10'A 50 Steel Orlac 8c 4,200 9'Ac 11'Ac — 8c 7'Ac __ Loan Ontario Orenada 26,000 45c — O'ls O'Leary 3,000 10c — _.. Ogama-Rockland Omega 4'Ac 9c 44c 1 ... Preferred Okalta 4'Ac 9c _ Mines North Star Oil _ 2.45 Elevators 10.075 45c . 29 87c 30% Gold 15.600 68% 1 16% Tip Top Tailors 10c 3c _ — Oct Jun 12c Teck-Hivghes Gold Mines 46c 1.09 — ______ 78 Jun 4 17 Dec 3%c 07% ■ Mines 13% 760 18'A 50c Jan 6c 9c 1 Denison 285 700 Sep Dec Nov -10 80c 40c 3c _ North 17 102% 104% common—.. 23c Jun 3'Ac _1 _ Mines 7,200 47c —_ 45c 67% ______ Northern Canada Mines 75 73 c 9% 90 14% 1.60 Preferred Norpick 29 5'% common 3 'Ac 1 - Normetal 28 % 4c Mines (Pearson) 9c * Mines _ Jan 23c , 1.32 9'Ac Nipissing Mines K-')randa July 7 2.61 River 31c 4c Mines Norgold Mines Dec 4c Gold 1.24 8c • — Jun 79 Surf Inlet Feb 77c —1 _ Yeilouknife 5 35 1,445 , Torbrit Silver Mines Nicholson 9% 4,190 2.58 . Superior Oils Ltd Feb 8c Oils Thurbon. Dec 87 104 Cons Mines 6c 79c 1 Pacalta New 62c 70c common.. Gold 15c _l — _ Nor zone New July 103 103% Sturgeon 39c __ 41c 5 % Steep Rock Iron Mines Dec 3c 5c _ ... Jan 2,333 14% 1 Jan .6 VaC Jun _1 Gold 23c 86 Preferred 50c Gold July 8% 17 Canada 1.28 1 _______ Marlon 10c 35,300 100 —— Newlund Mines New Sep 11,500 56c : 21 % Nov 23 Jason Newnorth Jan 94c Mar 14'A Bros Steel Dec 27'% Taku New 44c 17 9% Gold 15 % Mar • Goldvue High Jun Feb 14% class A 11 % 8c New 18%c 24c 29 Radio Olsen 150' Alger Calumet 11c 10%c .100 __ Standard 355 7%c New 75 common — Starratt 28 % • (Win) Chemical Dec 22% 10 Eidlamaque 21% 55c Nov 22 Trust New 27,500 Preferred Nov 11 VB Car New 81c 21 9c 28'A Rights Nciison 75c 11c 12% 11% Mines ivaos 77c __ Feb 28 % " Petroleum Steel 3,550 Mines Preferred Dec . National 35c Co Brazeau Range for Year l))t!) Low 33c Sep :* class B National Shares High 35c 1 Mar 6c of Prices Low Rales tot Week 1 Malartic South __20 common Preferred Gold Jan 60c Jun 8c Apr 23% Oct Range Par High 15 Week's Last Standard Paving common National Breweries common National Drug & Chemical common__5 I-referred 5 National Hosiery I 0 Range for Year I D ID High 35 MARKETS JANUARY Friday 3'% — — * Class B preferred Morrison Brass Moaner of Prices 3% ENDED (135) STOCKS— Low _•>' WEEK for Week 14'A Modern Containers common Modern Tool Works. LISTED FOR CHRONICLE Sales Week's Last FINANCIAL & Ontario Paper Selections . Oreille • 1 Bros * 18'A __ __ 5.95 __ " July 3'Ac Oct 3%c 500 5.80 6.00 1,200 66% 66% 35 45% 3%c Jun 20 3.35 May Jun 22 'A Jan 23 Nov 5c Jan 6.70 Jan 66% Dec Southmount Investment ■ * 42c 42c 42c 10 40c Mar 45c Alay Southwest * 32c 32c 32c 500 25c July 40c Oct 1 7%c 6c 7%c 14,200 Petroleum Temiskaming Mining 5%c NOV 8%C Aug I 36 Monday, January 9, 1950 COMMERCIAL & FINANCIAL CHRONICLE THE (136) OVER-THE-COUNTER SECURITIES Quotations Friday, for January 6, 1 !>5I> Obligations Of Government Agencies Investing Companies Aeronautical Securities Affiliated Fund Amerex 1 1% Inc Holding Corp American Blair Holdings Inv Tr Fund Boston 35% Loomla Sayles Second Fund_10 Managed Funds— 46.94 lo 3.47 3.83 Automobile shares 4.27 Business Equipment shares-lo 3.75 8.44 16.51 7'/s 3% Electrical Equipment shares-lc General Industries shares—lo Home Furnishings shares—lc Non-Ferrous Metals— lc 3.99 3.67 Paper shares 3.90 4.15 inc lo 4.01 100.39 "23.47 8.82 39.18 Mass Investors 2nd Fund Inc_l 12.68 Mutual Fund of Boston Inc—1 Mutual Invest Fund Inc -1 13.93 Dividend Shares Eaton 14.27 _1 1 14.03 15.07 9.55 6.90 7.54 6.45 6.74 7.37 4.39 29.00 20o ■ 4.00 26.85 1.94 29'A 5.31 4.22 29.03 2.13 Fidelity Fund Inc_ Financial Industrial Fund Inc_l Boston 10 1 Corp Trust Fund First Mutual Funds Inc— Preferred stock series lo Common stock series lc Fundamental Investors Inc 2 19.48 31 5.90 Franklin Custodian beneficial of 6.51 5.69 16.53 5.94 5.19 15.08 General Capital Corp General Investors Trust 17.74 56.24 5.37 16.41 52.30 1 1 1 Inc Fund Industries 5.01 Preferred Stock Series Income Series tApril l, New England Fund Stocks Inc— York 6.82 6.61 Chemical Corporate bond series 11.00 4.87 5.35 Electrical equipment shares—lo 7.27 7.97 Insurance stock —lo 7.74 Machinery Merchandising Metals 100.0346 .0482 Oct. 1, 1950 100.0155 .0300 100.0291 .0362 tlVsS Jan. 1, 1951_J 100.0142 .0336 Bid Ask 1.55% 5- 2-49 2- 1-50 bl.25 1.10% 1.55% 6- 1-49 3- 1-50 bl.25 3-50 bl.30 1-50 bl.30 9.64 1.35% 9- 1-49 6- 1-50 bl.30 11.67 11.27 12.35 Diversified preferred stock—1 10.41 11.41 1 8.78 12.95 14.19 —1 1 1 10.23 11.21 10.94 11.99 8.44 9.25 1 15.56 17.05 11.98 6.06 lo lo 7.67 8.41 2.77 Railroad equipment Steel 6.30 Bid 8.99 5.53 6.90 lc 3.67 4.04 lc lo 4.63 4.83 lc 4.72 5.99 5.09 5.36 5.18 6.57 shares Tobacco lo Utility shares y ' Tobacco 8.03 10c 1.77 4.92 1.92 5 Fund Foundation Income 22.67 24.51 Incorporated Investors: Institutional Shares Aviation Ltd— 8.79 lc lc shares Group 4.55 1 and Bond Group.. Bank lc America I 79c 1.11 12.73 9.96 Boston—1 8.03 Group shares. Insurance Group shares Stock Investment Co of lc 9.64 87c 1-22 13.95 10.83 11.52 15 bl.08 1950 8.80 Investors Management Fund (Investment 14.68 1 27.59 28.85 1 23.96 1 Bonds) 16.71 4.82 26.14 18.24 10.76 17.54 25.11 32.01 16.57 13.31 5.26 4.86 5.33 25c 2.48 Sayles Mutual Fund—• 97.22 2.71 99.20 B-2 (Low Grade Bds) (Medium B-3 Priced Bonds) Bonds) 1 pfd Stocks)„_1 K-2 (Appreciation pfd Stks)_l 6-1 (Quality common Stks)_l S-2 (Income com Stocks)—I 8-3 (Appreciation com Stks)_l 8-4 (Low Priced com S'tks)—1 B-4 15.00 Funds— Keystone Custodian B-l 1 (Speculative K-l (Income Knickerbocker Lexington Loomia Fund 1 Fund Trust 9.86 16.08 23.01 29.35 15.18 12.19 19, 1950 26, 1950 Feb. 2, 1950 Feb. 9. Feb. 21 16. New 11.72 Bank of A 6.67 Bid Bankers Aetna 10 6.52 — 19.81 ■ 7.51 — Corn Exchange Bank At County 19.66 16.79 18.05 3.71 4.02 Trust Co 8.65 2.22 2.52 1 2.26 Jersey Insurance of N Y 20 73 $2.10 Prior $1.05 Convertible preferred—5 10 19% Newark American Re-Insurance -2% —10 27 16% 20% 49'ft 25% 0 28'ft 30% 5 32% 34% 4 8% 29'ft 31% 59 'ft 61% 38 Boston 43 % National Fire 60% 63% National Union Fire 48'ft 51'ft New lo Amsterdam Casualty Hampshire Fire —28 100 63 65'ft New 22'ft 24 North Northern 8 Connecticut General Life—_ —10 66 69 Continental Casualty -10 65'ft At Forster Inc 35% 37% Crum 5 , 2 10 York Fire 5 River 2.50 12.50 30'/a 115 10 99 39% 62 65 Phoenix 66 70 Preferred Accident—. Providence-Washington Fidelity & Deposit of Md —10 65'ft —10 74 77 Reinsurance Corp Republic 92'ft 9 5'ft 8 20'ft30'ft 32'ft 52 54 (N Y) (Texas) 8 Globe & Rutgers Fire new com_5 preferred American-. — j.0 8 Seaboard 151/4 Surety Security (New Haven) Springfield Fire & Marine 15'ft 17'ft Standard 94 Fire 36 292 18% Trust 20 Co 485 41% Deposit Natl Bank—100 295 x270 290 —20 34 36 12% 77 74 20 58 60 45'A 47 V* Peoples First National 1,525 43% Bank 100 12% Ac Co Inc City Bank 25 York Trust Bank Ac Trust_17% 25 National 12 Trust At 100 Trust & 551/4 53'A 242 .10 Mellon Natl Bank & Trust—_100 Farmers 31 100 1 _25 Detrolt. Pittsburgh 301 100 of 32 1,260 17% Portland 248 44% 46% 8 61/4 891/4 45 47 National First Bank Bank United States Natl 95 91 San 9 'ft 8% Francisco Bank of Amer N T Ac S A—12% 660 630 Recent Security Issues 102% 103 1974 105 V2 106 V* 27/bS—1979 102'A 102% Par Bid Ask Power & Light— Delaware 1979 2%s Tel Stocks (Continued)— A«k Bid Associated 105'ft 1969 103 inQ1/ 40% Indianapolis Pwr & Lt 27/8s_1979 103 Kansas 1979 104% 105Va 1978 105 V* 106 of Indiana 8s—1979 104y4 3s—1963 103 107'ft 103 '/4 45% 106 NY State Elec & Gas— Bell Pa 3s Telephone of Calif Power Oregon Maine Central Duke Power Gas 27/aS_1979 2%s 2%s Power 27/8s Service Co mortgage 27/8s 3s Power Ohio 8erv Public 2 2 4'ft% Penn pfd Pow 52 3 8'ft 101 101% 20'ft 19% 1949)—100 106 108 Lgt 4%% pfd—100 106 108 116% 117% (series & 51% 3 7'ft Power Ac Light— Pub Ser (Colorado) 4.40%—100 Pub Serv of Okla 4.65% pfd_100 107 105 — 5 16 '/a — Rochester Gas Ac Elec— 'inn/ iuj /2 $4.75 preferred series Q 17% 103 6% 5'ft 10 35'ft 2 31% 37% 7% 10 San — 12% 104 Accident Par Stocks— Cen 100 103'ft pfd_50 51% preferred $4.25 Bid Ask Ariz Lt Ac Pwr 82.50 107 10 5 4'ft 3 7'ft 100 106 46% 48% 37 39 $2.04 Ac Pow preferred pfd . 4.90% 21% 21'/4 preferred 100 107'ft 109 100 106% 107% 102% 103% 52% Tenn x55 50 x52'ft Gas Transmission— $4'65 preferred 106'ft 105 —• 53 V* * 20 preferred Staten Island Edison— 100 ; $2.20 Elec— . Union Electric Co of Missouri— 4% preferred • 39% 10 Lt As 57% 10 10 preferred 4.75% Gas ~ Central Hudson Gas & Elec— ~ Diego 4%% & Elec— Valley Gas Blackstone a Odd lot (not Included In year's range), b Big yield price, d Deferred delivery sales (not In change. 430 sale year'k range). e Ex-interest. • f Flat price, k Admitted to listing on N. Y. Stock Ex¬ trading N. Y. Curb, r Cash sales (not Included In year's range). t Exliquidating dividend. (Un) Admitted to Unlisted Trading privileges, wd When delivered, wi When issued, x Ex-dlvldend. y-Ex-rights. z Ex-stock dividend. included n 31% 33 % Travelers S Fidelity As Guaranty Co—2 62'ft —10 35 37 U S Fire 68 116 121 U S Guarantee 10 84 'ft 88% •No 2 22% 24% f 1949 Admitted to 71 10 Hartford Fire Hartford Steamboller 34'/2 Bank National 24 100 1 200 27% U Great Hanover 381/2 1Q4 98 13% 106 10 Conn St Paul Fire At Marine Globe At Republic 37 105 Va 21% General Reinsurance Corp_ —10 8 Glens Falls 16 103% 69'ft Fire Assn of Phila Frisco— —10 102 28% 61 —10 Firemen's of Newark City Bank 129 —10 2nd Trust Irving Trust Guarantee 310 Detroit" Industrial Bank of Commerce-10 Nat'l 31 325 100 102 20% 10 5 Federal Fireman's Fund of Ac Bank (J P) 29 '/2 Co Trust National 22 % National 20 Bank- National Cleveland 1979 19 25 Employees Group Assoc Employers Reinsurance 37% 615 1984 27% Pacific Fire Indemnity Co Peerless Casualty Co — 345 595 89 »/2 212 37 10 1st Pacific • 330 100 102'ft 68% —10 100 Savings Co- 4.28% preferred 100 Hartford Electric 3.90c pfd„50 Iowa Soutliern utl1 5Va% pfd_30 Kentucky Utilities $4.75 pfd_100 Maine Pub Serv $5.50 pfd——20 106'ft Fire & Tenn Gas Transmission 34'ft —10 - Camden 205 61 35 40 38% 32'ft _28 Shippers 59 10 Bank Conn Lgt & Power New Ac 7'/2 9'ft Casualty (Detroit)—10 National —10 American Surety Automobile - 52% 24 Massachusetts Bonding Merchant Fire Assurance 17% 21% 100 54 Merchants Ac Mfrs Fidelity Ac Casualty-® 25 87 Cleveland Central Bonds— 1 197 Ask 79 1 52 Trust Manufacturers 70 50 50 Federation United States Trust Bid 205 100 Trust—83% & Bank Trust Northern — Companies Trust Harris 44% 16 50 Morgan Par 99 37% 42% Trust-20 Kings County Trust Lawyers Trust 3.88 1 Ask Bid Illinois Bank National First 35% Plains, N Y) Empire Trust Guaranty Trust 7.52 76 Assur_ 1.04% j (White Fiduciary I 47% 158 6% 10.60 Shares— preferred 1.04% Companies National Trust— At 10.79 Series 1956 52'ft Bankers Bank 9.93 —10 17% 45V4 150 20 Co 10.39 Series 1955 26'ft 1950 1950 Commercial National Bank Ac 36'ft 15% 1.04% 1950 Continental 15 Trust At 114% 25 1.02% bl.08 —bl.08 bl.08 23, City Natl Bank Ac Trust 338 10 Bank Bank 18.02 34'ft 8 American 10 Stamped • 111'ft -10 223 100 National Chemical Continental e 4 American of 100 Trust Trust — —— 10 American Automobile 1.02% bl.08 York 96 Insur Co of North America American Alliance 27 V* Chase 62'ft American 25% Central Hanover Bank Ac Trust 20 1' 18.52 2.00 Maryland Casualty common Casualty American Equitable Co 11.53 60'ft _ bl.08 1950 Ask 81c —10 Life bl.08 1.02 % 1950— Par Bid 72c 94% Agricultural 6, 13.58 22.13 Shares— Home 30, April Brooklyn Trust Surety- —10 Insurance Mar. 1.10 —21 Aetna 1.00% 1.00% 52.50 First Ask Mar. 1.01 Title Par Manhattan New Sterling Ac 0.98% bl.08 Fifth Avenue Public Casualty 16, 1.00% Chicago 2 2'ft New Aetna 9, Mar. Ask bl.08 1950 Mar. 0.90 % York National Insurance Bills 1950 0.90% 49.51 1 Amer Trust 23, bl.08 a 1950_ of the Unit Type Trusts— North 1.15% bl.08 1950 Bank 6.09 Series C 1 Union Preferred Stock Fund—1 Union Common Sto^k Fund 1 United Income Fund Shares—1 Wall Street Investing Corp 1 Wellington Fund 1 Whitehall Fund Inc 1 Wisconsin Investment Co 1 Independence Trust Shares bl.30 bl.08 _ Banks & Trust 51.87 10.83 Shareholders Trust of Boston_l Trustee 2-50 bl.08 _ Par Sovereign Investors 1 Standard Invest Co Inc lOo State Street Investment Corp.* Television Fund Inc —_1 Trusteed Industry Shares 25c Union Bond Fund series A 1 Series E 10- Bid Feb. 0.90% 2.74 51.87 Diversified 3-50 Ask Mar. 2. Jan. Jan. 16.95 2.50 12, 22 15.76 Fund Inc (net asset value)_• Selected Amer Shares 2% Series B of Investment Trust 1.15% 1- 8.80 1 Jan. Scudder, Stevens & Clark Howe Plan Fund Inc 1.15% bl.30 12.62 5 1 1 ; Petroleum At Trading, Putnam (Geo) Fund Republic Investors. Fund bl.30 1-50 United States Treasury 9.62 ___1 8.20 stock shares 1-50 9- 4.34 Diversified Investment Fund_l 1 1 shares. 8- 1-49 11.52 3.96 Diversified Industry Equipment shares 1-49 12- 12.79 10.86 Public Utility Railroad Railroad 11- 1.30 % 1.15% 8.83 5.88 Steel 1.15% Dae 11.98 8.06 5.36 RR bl.30 1.30% 1.15% lo lc 2.51 3-50 10- 1.15% 5- 8.80 1 1 Ask 7- 1.30% 1.30% 4- 1-49 10.93 1 Bid 3-49 Dated Rate 1-49 Pacific Coast Invest Fund—1 shares Dae 8- 6.51 Bond 15,^1950 1.15% Dated 7- 5.93' Railroad 1950 tl'/es 1.35% 10.93 shares .0815 1, Ask .0181 1.55% Oils Petroleum 100.0720 July 11 VeS Sept. Bid 7.18 7.30 — .0583 .0709 100.0118 8.58 9.68 shares 100.0470 100.0631 Federal Intermediate Credit Bank Debentures 10.79 9.85 9.83 Mining 1, 1950 11 Vis June 1, 1950 ft 1950 1. 6.55 9.40 Merchandising shares 100 7.37 8.64 7.08 tl%s Apr. .0834 Ask — *l%s Mar. 1, 1950 16.77 lo shares Institutional bond Indebtedness— of Rate Investing Company shares—lo Low Priced shares lo Industrial Machinery shares lc 100 & (cont) 4/23 15.60 100.0744 .1%% 1954 $iy«8 Feb. 4.03 1 _1%% Bid indebt of 11 'As 6.97 3.69 3.87 8.48 7.76 9.87 shares^ General bond 100.11 5.29 6.38 1 1 7.70 6.22 6.02 7.88 6.66 10.04 Fully Administered 102.12 100.8 3.26 4.86 1 1 7.02 __ 2.98 1 1 1 lo lo Building Shares— lo Chemical shares lo Electrical Equipment shares lo Food shares lo shares shares 1 1 1 1 Agriculture Automobile Aviation lo Aviation 1957-1955 Maturity— Certificates 1950 15, Certificates 1 Speculative Series Stock Series Industrial Stock Series Selected Group. Series Low Priced Com Stock Series Ask Bid Treasury Notes— tMar. Balanced Fund National Investors Corp National Security SeriesBond series Low Priced Bond Series Bank stock— Building supply Securities— Agricultural shares Group Automobile 1, Dollar Price Int. Bate Maturity— Nation-Wide Securities- New Gas Oct. 100.8 102.6 4.80 27.12 18.22 Stock Fund First 119% 119 7.05 1 1 1961 3s 10.32 1 1 1 1 Fund Equity Fund Inc 1%S 100 (J. S. Certificates of Indebtedness 15.79 36.44 Howard— & Balanced 1, 1955-1953 15.14 Manhattan Bond Fund Inc_10o Mass Investors Trust— , Investment 1, 1953-1951 Feb. Issues Canal Panama 13.71 1 Fund 100.3 l'fts Jan. 1950 8.11 1 15.07 16.30 100 4,050 4,200 100 137 142 1 5.78 6.28 1 14.45 15.90 2flc 1.55 1.71 Preferred Commonwealth 15, 30.11, Century Shares Trust Delaware Sept. Other 4.17 27.85 18.06 20.80 Ctfs com 1.35s 3.61 Interest—1 1 Securities 3.78 3.27 7.40 8 Bullock Fund Ltd Christiana Ask 99.26 99.22 100.2 100.1 Bid 1, 1952-1950 4.42 10c Fund 100 1950 Bonds— May 4.58 Steel shares 1%S __ 4.30 Petroleum shares lc lo 15, Federal T,and Bank Ask Bid 100 1950 2Vis 4.40 3.33 Feb 1.25s Banks— Loan 20, 1.14 7.81 15.19 6% 3 96.37 21.71 8.81 16.71 18.98 1 • 1 Corp Bowling Green Fund Inc Broad Street Invest Corp Chemical l%a Jan. 3.94 0 1 of America Figures after decimal point represent one or more S2nda of a point Home Federal 47.90 1 Beneficial Corp Bond 6.03 4.54 Ask Bid Par Mutual Fonda— 1 Fund Inc Fund B Axe-Houghton Ask 34% 10 . Shares Business Axe-Hough ton Bid 5.49 4.19 Par Mutual Funds— — 10 37% 39% Westchester Fire 100 4 415 64% par value, range tin default. tThese bonds (50% stock div. paid adjusted are on subject to all Federal taxes. Aug. 31). ' Volume 171 Number 4871 THE COMMERCIAL & FINANCIAL CHRONICLE (137) THE COURSE OF BANK CLEARINGS Bank clearings this , week will Preliminary figures compiled by cities of the show decrease a compared with Saturday, Jan. 7, clearings corresponding week center last $14,354,583,383 against $15,107,225,697 for the same weekly clearings year. there is loss a ago. based upon telegraphic advices from the chief that for the week ended country, indicate total stands at year us for all cities of the United States for which it is possible to obtain will be 5.0% below those of the this a for the week ended Our preliminary Friday of 2.6%. Our 1949. At comparative summary for the week follows: Week Ended Jan. 7— 1950 1949 $7,424,085,410 702,706.678 899,000,000 450,155,931 468,818.965 Boston 205,139,802 Pittsburgh 256,360.520 Ten-cities, five days Other cities, five 202,816,744 Total all cities, five cities, 2,662,985,266 Complete and of next week. week We cannot furnish Saturday and the Saturday figures Accordingly, in the above the last day of the week in all For that week there was a ings for the whole country having amounted week in clearings at this to the 1948. center Federal that appears in having recorded Reserve the to New Districts a in by the which they The Chicago District Reserve by following we furnish a Federal Federal Reserve Districts 1st Boston— 2nd New 3rd 12 located this city) of 8.8% and in 6 7th St. " Chicago. 8th 9th 17 Kansas City— the week press. as 8.8%, the bank from this it register a Philadelphia are smaller Atlanta Reserve tlth Dallas 12th San Total 6 —— Sixth Federal Reserve We now add Macon Mobile—— Mississippi—Vicksburg—; Total (10 838.911,749 5.3 440,827,768 327,879,808 281,321,848 — 457,194,748 — New ' .w, 368,711,029 1948 $ — 9.6 14,206,843,811 13,074,045,066 — 8.8 6,322,441,181 5,931,113,828 Inc. or 474,233 734 1,572 204 661. 394 1,604 249 city for the 1946 — — — 6.4 ' 1,739,041 9.6 1,542,322 4,035,484 7.9 3,916,473 456,218,074 445,296,957 —10.5 1,862,036 1,802,134 + 32.8 1,042,717 0.1 1,658,891 1,671,532 6,944,245 4,491,239 5,003,152 —12.0 47,563,000 5,706,494 6,396,918 49,071,000 1,367,193 8,460,643 4,026,809 6,114,359 4.3 — + 66.4 —19.2 .43,049,000 9,217,738 5,038,389 t t + 5.2 50,293,029 2,887,481 + 5.0 ^50,106,366 28,334,871 10,933/232 + 1.6 3,236,813 26,830,769 3,421,381 26,215,431 10,774,171 752,335,701 3,031,743 28,782,813 1.8 — —15.2 959,663 II,588,616 1,129,907 9.8 730,390.519 7.9 660,242,323 2,622,899 10,040,888 — 2,891,887 — 8,686,326 — 4,263,603 2,660,745 941,103 + 4.9 + 6.9 4,851,533 2,979,656 2,895,080 9,059,906 4,102,320 3,097,275 949,518,012 7.4 924,153,629 838,911,749 280,100,000 122,076,345 91,366,851 1,540,846 —12.2 260,700,000 100,124,539 78,045,520 1,957,709 230,000,000 92,123,627 70,386,829 1,671,519 495,084,042 5.3 440,827,768 394,181,975 7.1 -14.3 4,876,386 227,731,780 6.6 195,741,058 76,442,731 5.7 138,334,453 I. + 13.3 — 9.2 Dakota—Fargo! — — 2.9 198,963,999 — .— South Dakota—Aberdeen 5,223,536 2,803,578 2,313,881 Montana—Billings 5,386,248 233,406,893 79,805,080 6,321,136 5,737,545 0.5 63,129,239 5,668,849 5.5 3,038,746 2,733,213 7,319,407 2,528,085 2,631,109 6,918,338 339.081,943 —12.5 327,879,808 281,321,848 - 2,932,411 8,411,826 296,794,167 Total (7 cities) 4,705,170 -17.4 2,818,349 7,952,614 Helena - - -21.1 - Reserve District—Kansas City— Nebraska—Fremont 374,511 376,016 5,300,840 99,267,000 Kansas—Topeka 382,380 469,617 5,465,919 106,160,493 6,615,891 12,750,564 312,485,815 8,916,397 1,794,652 9,879,752 1,829,161 1,792,670 414,507,889 457,194,748 1,820,874 — 2.1 368,493 394,699 —19.9 440,132 3.0 387,626 6,188,389 106,093,140 5,635,875 92,776,611 — — 5,978,377 12,598,278 277,443,430 Missouri—Kansas City St. Joseph— Colorado—Colorado Springs — 6.5 + 10.7 — 1.2 —11.3 — 9.8 5,768,120 11,203,024 289,836,874 10,630,118 4,764,839 9,330,455 243,852,562 8,735,571 0.5 965,677 + 0.1 1,629.492 1,336,684 1,496,107 — 9.3 433,123,459 368,711,029 5.0 5,517,142 210,186,000 5,204,079 176,889,000 18,945,248 4,305,000 2,365,796 — 5,347,229 24,086 123 7.0 10,479 937 26,637 000 1,296 ,656 22,129,588 2.2 — 8.0 —17.2 557,334,378 8.8 - Eleventh 9,128,683 23,067,900 21,653,300 1,158,100 Federal Reserve District—Dallas— 23,528,686 9,981,565 - Total (10 cities) Texas—Austin Dallas-. 1,126,385 5,448,886 534,328,880 522,367,809 25,192, 685 2,743. 521 1,262 396 + 12.1 19,706,736 17,837,762 5.9 2,227,975 2,876,623 0.1 67,473,803 71,673,518 8.8 1,617,349 1,284,031 — — 1,671 267 7,731,860 803 18.976,345 19,151 092 12,330,266 11,294 ,214 10,739,305 13,083 824 813,109 667 041 39,963,353 44,942 772 52,283,401 57,588 ,975 7,180,140,602 7,987,950,263 + + 14.2 2,166,655 1,649,873 —10.3 7,884,402,630 7,142,931,238 — + 0.9 17,584.849 17,334,451 9.2 10,208,555 10,875,117 —17.9 9,873,939 9,650,740 21.9 595,065 776.478 + 5,532,000 —11.1 34,519.146 9.2 50,200,785 50.969.910 8,100,577,487 7,366,095,128 —35.3 5.5 24,517,134 4,530.000 4,016,826 Federal 5,098,000 3,302,814 + 21.6 2,786,505 9,621,706 —13.5 8,537,746 7,183.159 176,589,306 251,298,148 —29.7 256,124,577 214,892,282 96,190,265 92,014,380 4,012,892 89,398,489 + 8.5 Reserve District—San Francisco— Washington—Seattle 98,407,487 Utah—Salt Lake San Jose Santa Barbara 8,185,191 + 41.0 6,826,335 6,990,774 377,851,108 + 44.3 6,412,665 6,686,693 7.4 354,191,343 —11.9 364,048,521 8,321,453 9,689,131 3,297,127 9,212,183 cities) Outside New York JNot available. —. 3,078,909 2,987,537 6,759,444 668,706,961 , ♦Estimated. 128,775,394 53,655,970 6,526,779 , Total (10 cities) Grand Total (112 3,207,162 7.5 11,541,880 Pasadena San Francisco— —15.6 129,017,971 59,987,852 10,086,840 350,071,341 8,116,180 California—Long Beach —14.5 2,908,226 59,104,123 Cityr 115,048,570 2,455,062 119,318,360 Yakima Oregon—Portland 38,235,382 —10.1 — — — 8,326,102 - Louisiana—Shreveport— Stockton. 207,175,697 20,366,202 19,255,203 Galveston Twelfth 5,733,729 134,010,289 ! Fort Worth Total (6 Cities) 73,491 673 6,932,542,839 I,016,015 9,484,174 + 21.9 6,974,806 6,709,385 New York—: Total (12 cities) + 21.5 —13.0 74,534,684 Pueblo 5.7 1,907,941 Jersey 1,050,196 10,195,231 4,190,537 5,001,875 — 644,723 + — Jersey—Montclair—^ 540,209,539 District—Minneapolis— Wichita 7.5 1,373,249 Northern New Reserve Lincoln——:— 6,627 017 Jamestown- Newark 555,232,287 Hastings——. $ 4,761 842 2,580,938 Syracuse 6.4 —82,938,021 Omaha 78,377,740 New Federal Tenth Federal 1947 Dec. % 3,791, 057 28,252,116 Connecticut—Stamfbrd 599,589,468 1,495,937 — Minnesota—Duluth North Week Ended Dec. 31 508,156,378 •; 106,876,788 468,668,411 Wichita Falls Rochester 350,182 106,948,442 245,900.000 .. Minneapolis each 5,878,208 372,226 3.0 879,192,726 St. Paul Buffalo™ Elmira Ninth 214,892,282 ■ York—Albany 7,354,511 4.8 — — 2,843,438 Total (4 cities) 627,928,996 showing the figures for 2,855,428 73,530,154 Eighth Federal Reserve District—St. Louis— 668,676,467 1,073,761 Binghamtor. 6.8 — 4,473,832 Total (17 cities) 256,124,577 Second Federal Reserve District—New York— New 70,070,021 83,804,135 5,605,667 8,190,694 433,123,459 24,495,900 - —14.8 91,902,637 2,480,448 9.3 22,404,706 " - 3,207,248 72,262,856 10,738,472 1. Chicago. 7.0 10,252,227 ( 4.7 54,370,089 210,300,000 813,729 678,882,601 r Illinois—Bloomington —29.7 7,003,563 Total (12 cities) 3,708,209 6.5 — 2,763,012 __ Sioux City — 878,228 Hampshire.—Manchester 9.0 + 14,751,444 54,596,355 207,400,000 3,900,959 1.8 7.0 — 57,321,237 Des Moines 251,298,148 1,605,621 Island—Providence— + — 2,888,288 60,309,979 Wisconsin—Milwaukee Iowa—Cedar Rapids_, 718,948,856 5,116,752 Rhode 12,904,571 5.3 — 394.181,975 —12.5 495,084.042 339,081,943 1,407,492 New Haven 361,484,914 81,167,704 —2,231,669 Illinois—Quincy 1,583, 165 Connecticut—Hartford 377,383,225 393,889 9,496,888 361,484,914 428,944,146 ] 175,947,481 63,320,261 45,529,000 South Bend— 377,383,225 3,492,317 —a 57,757.057 6,136,051 Missouri—St. Louis —1,481,G65 Worcester 3,521,425 190,791,125 6.5 2.6 113,669,288 540,209,539 Portland Springfield— 4.1 — 3,748,375 8,866,725 Lansing Kentucky—Louisville-. Tennessee—Memphis- 555,232,287 $ T 2,814,621 — 16,317,856 1,275,931 Grand Rapids Indiana—Fori Wayne 847,353,462 7,366,095,128 924,153,629 1949 : 2,422,965 8,344,000 107,928,782 ■ District—Chicago— Michigan—Ann Arbor 710,586,335 6,826,367,542 — 11,261,000 112,058,375 18.4 5,103,713 Seventh Federal Reserve 737,066,924 2.6 + 61,195,764 222,700,000 561,289,767 851,469,300 — — $ 6.4 Clearings at— Lowell— 391,873,571 2,701,047 3.5 5.1 — 59,517,613 374,803 cities) 8,100,577,487 14,558,228,345 !__i 204,100,614 110,295,644 Louisiana—New Orleans —10.1 13,159,998,466 Massachusetts—Boston— 2,898,786 522,367,809 7.4 First Federal Reserve District—Boston— New Bedford 1946 — * Fall River— " — detailed statement ; —12.3 2,382,032 10,170,000 112,804.526 77,387,160 78,314,545 5,224,474 a Peoria 599,589,468 week ended Dec. 31 for four years: Maine—Bangor 710,586,335 4,085,090 3,075,160 Florida—Jacksonville —10.5 6,227,455,627 our 737,066,924 15,447,680 —i Alabama—Birmingham 176,589,306 Outside New York City— —10.5 60,085,211 Georgia—Atlanta Augusta 668,706,961 " 860,091,481 + 13.9 District—Atlanta— ; Decatur 949,518,012 414,507,889 " 3,149,073 5,413,660 243,016,995 207,000,000 Nashville 860,091.481 391,873,571 3,697,209 5,091,484 251.144,937 381,546,144 950,263,435 296,794,167 112 cities — $ 152,497,862 276,475,431 23,974,300 5.4 — —10.6 195,776,183 63,383,683 . Columbia—Washington— —10.1 468,668,411 " 10 Francisco ' 6,059,014 168,378,589 277,117,944 26,371,900 —10.1 3,430,870 Terre Haute of 534,328,880 5,264,861 9.5 —12.3 4,607,503 6,757,967 9,819,000 Indianapolis % 8.8 —18.6 — 311,251,300 2,088,649 Tennessee—Knoxville 561,289,767 " 10 — 847,353,462 appear going to 1947 6,556,381 107,047,759 — Total (6 cities). 879,192,726 " 7 381,546,144 " 4 Louis Minneapolis 10th 854,683,203 769,722,912 " __10 Dec. 7.987,950,263 " Richmond $ 557,334,378 851,469,300 —10.1 29,581.000 Virginia—Huntington District of totals the loss or 7,202,642 5,709,633 7,700,260 Springfield Inc. 7,700,721 10,861,417 — 173,543,242 4,118,581 Carolina—Charleston Maryland—Baltimore CLEARINGS 1948 3,966.868 9.5 —25.9 327,794,088 5.0 — and the a 3,221,493 4,128,997 2,641,558 3,990,773 279,827,577 South 1.9 — and in the suffers 7,180,140,602 " 7 6th Atlanta— 508,156.378 " —_11 4t]h Cleveland 5th BANK $ __12 cities York Philadelphia OF 1949 10,604 ,064 10,128 ,816 5,336,584 157,132,927 Rockford SUMMARY 2,180,497 + Reserve District—Richmond— 5.2 summary by Federal Reserve Districts: Week Ended Dec, 31— —15.6 —10.0 815,000,000 3,073,890 4,153,699 3,931 ,395 573,198 772,927 2,831,815 769,722,912 West 7.4%, the St. Louis Reserve District of 5.3% and the Minneapolis Reserve District of 12.5%. In the Kansas City Reserve District the decrease is 9.3%, in the Dallas Reserve District 29.7% and in the San Francisco Reserve District 7.0%. In the 8.3 We group the cities accord¬ are 2.6% District 3,018, 052 2,367 ,882 287,625,083 Virginia—Norfolk has to be estimated. loss of a 814,000,000 —10.4 960.261 3,829, 559 27,981,900 5.1 — In the Cleveland Reserve District the totals Richmond Reserve 6.4%. was loss of 10.3%. in York Reserve District of 10.1%. by 10.5%, Fifth $13,159,998,466 against $14,558,228,345 Outside of this city there —10.0 854,683,203 Total (7 cities) decrease of 9.6%, the aggregate of clear¬ District (including falling off of 10.1%, in the Boston Reserve District District cases 2,384,142 + District—Cleveland— .• 5.5 — today, inasmuch not available at time of are 911,000 ,000 1,280,426 1,157,446 8.1 7,509,276 __ n by the foregoing will them 0.2 5.6 9,598,102 Jersey—Trenton Pennsylvania—Pittsburgh statement, however, which we present further below given final and complete results of the week previous — the week able to same Delaware—Wilmington— Mansfield 0.6 — 800,185,122 elaborate detailed ending Dec. 31. ing covered 1,030.359 + 5.9 + $14,354,583,383 $15,107,225,697 exact details for the —30.9 — 1,998,550 3,537,106 York Cincinnati —16.6 2,818,449,345 785,332,017 Total all cities for week $ 2,704,032 Cleveland 7.4 — $13,569,251,366 $14,307,040,575 day one 1946 $ 4,148,152 Richmond days 2,521, 233 Wilkes-Barre —28.6 $10,906,266,100 $11,488,591,230 days«__! 863. 602 Youngstown 301,769,363 203,988,275 ... in the 1 Columbus— —32.4 — 307,568,088 283,826,484 Cleveland are Philadelphia Reading 4.0 — 382,471,000 Baltimore 850, 976 815,660 - Chester Lancaster 4.2 — 265,400,000 273,203,000 we 852,286 2,726,328 820,000.000 —— 1,147, 856 37 Ohio—Canton 4.4 — 303,629,653 245,800,000 St. Louis San Francisco the 793,711 — Kansas City In Pennsylvania—Altoona Bethlehem— 1947 Dec. % District—Philadelphia— Fourth Federal Reserve 2.6 — 734,676,373 861,000.000 Philadelphia- • Reserve % $7,622,440,544 Chicago ends Federal Total (11 cities) New York in our issue $ New Clearings—Returns by Telegraph All 1949 Third Scranton— week in Week Ended Dec. 31 1948 Inc. or 718,948.856 13,159,998,466 6,227,455,627 14,558,228,345 6,826,367,542 — — — + — — — — 1.5 44,070,372 7,827,646 3.1 3,801,532 3.4 7,294,348 6,883,745 7.0 668,676,467 627,928.996 9.6 14,206.843.811 13.074.045,066 8.8 6,322,441,181 5,931,113,823 38 Monday, January 9, 1950 FINANCIAL' CHRONICLE COMMERCIAL & THE (138) 3%s series L, due 1970—Feb Champion Paper & Fibre Co., 3# debentures, due 1965_Jan Chicago & Western Indiana RR.— 1st and ref. mtge. 4'A # bonds, series D, due 1962_Mar the Federal Reserve Bank certifies daily transfers in the different countries of the world. We the Treasury the buying rate for cable EXCHANGE CERTIFIED RATES Co.— 33/+% bonds, series E, 23A% bonds, series G, Cleveland Union Terminals Co. 1st DEC. 30, 1940 TO JAN. 1st 1950, INCLUSIVE 5, mortgage mortgage bonds, series A, B and C Corp., prior preference Electric Corp.— Cooper-Bessemer Noon Cornell-Dubilier Buying Rate for Cable Transfers in New York Dec. 30 ^ .297778*' Preferential "A" "B" .297778" .297778" .206949" .206949" .206949" .174562" .174562" .174562" — — Closed .0200053 .0200000 .0544060 .0544060 .0544060 .909090 .909090 .909090 .909090 .885000 Official Free -— Ceylon, rupee Czechoslovakia, koruna Denmark, krone France (Metropolitan), franc— India, Dominion of, rupee — ; Mexico, peso — Netherlands, guilder New Zealand, pound Settlements, Straits .0028625 .208700 .115722 .262885 Uruguay, peso ——— 2.772896 thousands American Chain & Cable Co., Inc., 5% .496166 .496166 Canadian National Ry,, 40-yr. guar, .0348875 .0349000 Central 1st Dec. Jan. 4. and Cities .232860 New Year's 2.783750 2.783750 2.783750 2.800742 2.800781 2.800781 1963, 1968 and 1969Cuban Atlantic Sugar Co., 5'/c preferred stock-^-. First Boston Corp., 3(4'+ preferred stock-. .658327"! .658327"! Greenbrier, .561797"! .561797"! .425531"! .425531"! .425531"! Service 22,620,431 certificates Gold fund Redemption for 551,931 R. f. 1949 $ + 1,861 — 274,999 78,718 — Total +■ 262.493 cash Industrial loans a—- - + 34,497 46,406 — 66 + 41,500 4,779,247 Bills Certificates 6,275.450 ; + — 18.000 Inc. {+) or Dec. 3,219 — 18,829,097 + —3,694,511 19,100 S. Govt, securities- —4,089,899 40,400 Total industrial, Bank 38 159,264 of other banks items 33,733 premises loans 11 — 92,011 18,442 + 20,499 + 203,264 + 202,157 329 + 1,3.90 — — U. | 45,639,625 ; j + —3,930,349 247,907 23,440,030 notes 149,441 647,974 bank—reserve Member U. Treasurer S. Other U. Deposits: — acct. acct. gen, Foreign Other 17.055,117 546,856 758,366 545,917 — + — + —3,320,214 756,376 439.894 — 28.482 S. S. deposits Deferred availability Other liab., Total 18.906,256 items 2,448.766 incl. accrued divs. liabilities 9,243 44,804,295 + —3,587,108 340,057 bills certificates of Reserve + 105,159 7,479 — + 288,296 + 236,061 1,026 — Cash Surplus Other 13b) accounts (Section capital 107,868 Total liabilities & cap. accts. + 1,151 + 9,966 + 21,462 + 21,462 45,639.625 of — + 63~002 247,907 38,270 + —3,930,349 note certificate reto deposit and F. R. liabilities — — . Federal Reserve combined— 54.7 # 0.3# — 5.4# + 1,673 — + 127 494 domestic with + 59 4 13 37 32 + + + + 2,287 banks + 197 71 25 — — — 31 41 280 + 78 + 515 + 4,486 + 741 + 2,114 + 1,588 + 43 + 853 — 2,749 + 9 + 40 — this in ♦Announcement U. S. deposits adjusted 48.259 15,311 2,084 deposits, except Government Government deposits 5 61 144 + + + + + + 465 316 726 bds.. due serially to 1959-Feb $In issue. Volume 9,296 Foreign banks 1,279 315 180 —• Borrowings Debits to demand and deposit accounts, S. U. Govt, "Preliminary 21 217 — 193 115 + except accounts, 19,370 District) (San Francisco + + 13 29 — (Revised figure previous week 26,875) 8 $2588 $2588 * 1 170. Share Name of Company Corp. 1 1-13 1-31 1-16 3 15c Corp. 1 1- 1-16" 1-27 1-13 1.-16 1 75c 2- 1 $1.25 2- 1 1-16 $1 1- 3 12-24 1-25 1-16 (quar.) common 1-16 2- 15c monthly)_ (increased)— Corp. American Viscose Corp., preferred (quar.) Yarn & Processing— 5# 2- 10c '—— — Phenolic Payable 0] Rec. 50c (quar.)_ Products American Holdert (Montpelier, Vt.)— American Fidelity Co. Home When 75c ———— Amerada Petroleum Corp. American in listed herewith: are — American 4% preferred (quar.) Anderson Clayton & Co. (quar.)-.. Anglo-Canadian Telephone Co.— 4%# preferred (quar.) — conv. — 75c — _ _ Anglo-Chilean Nitrate (.interim) Appalachian Electric Power— 4%% preferred (quar.) __ — — 4% '/f (series with s f) preferred <quar.)_ Manufacturing Corp. Avco convertible $2.25 Baldwin Company, Works Corp. Extra Blair Bowes 1-10 1-10 1-16 $1 2- 1 1-20 56'Ac 2- 1 1-16 1-14 12-30 22- SI.50 50c - 1-10 1-16 1-31 1-16 $i2%c 2-15 1-31 2-15 1-31 2- 1 1-15 1- 6 12-31 - Pulp & Ltd.— Co., Paper $$1.75 — $1 Canadian Fairbanks-Morse 3- 1 2- 1 $1.50 2- 1 1-18 $15c 2-28 2-14 3-15 2- 2- 1-14 .... &. Light Clark (D. L.) 1 (Texas)—• Co. (quar.) $1 — 1 $1.50 — _ _ - 3-13 $1.75 1st pfd. (quar.) Company 1-18 Ltd.;— Co., quarterly City of Paris, 7# 1-27 $2c 25c $50c - Steel Castings, common (quar.)—, 6r/o preferred (quar.i„ Canadian Collieries, Ltd.-_ ———> Buckeye preferred 1-10 1-31 $50c Ltd., class A (quar.)—— preferred iaccum.L.. Brooklyn Borough Gas (resumedi__ Broulan Porcupine Mines, Ltd.- 4% 3-20 $1 7# Power 3-20 3 2-15 (quar.i .. Increased 3 5c ———— B Columbia Central 4- 4- 2-15 . . Company, British 1 1 1-30 $1.12% $1.12% 10c class A Co., B 12-20 25c ?_ Ami 3 Corp Holdings Class 1- ... .. Special Bon 1-10 25c $1 _ __ 1 (quar.) preferred (quar.) — 6# preferred (quar.)— Iron Bath 2- _ ... Co., 4# preferred Manufacturing Corp.— Powder Atlas $56'Ac 5c .. Artkraft Chrysler Corp. because of holiday. figures revised. $2587 previously reported announcements, not columns, our _ Interbank demand deposits: $2586 NEW DIVIDENDS Class Liabilities- iDec. Contingent liability on accept¬ purchased for foreign correspondents 24,637 5,058 — 12,144 Banks during week gold aerves, - vault in interbank Ratio indebtedness— + Domestic banks 27,543 — 2,548 6,856 3,432 __ —- 928 with Balances —4,000,047 Time 211,746 488,173 7) 4,445 37.473 + ' Accounts— Capital + 319 securities—Total Government Demand Capital paid in Surplus (Section + : loans Other securities Total 171 428 — 4 3 5 9 24 184 + 4,342 loans Treasury notes U. S. bonds 51,136 100 27 + 860 Treasury 85,978 + 748 purchasing or carrying: Government obligations Treasury 404,008 + 4,907 — — pur¬ obligations Loans to banks Reserve 40 + for loans estate Real Liabilities— Federal 595 Other securities — — — securities Other Other U. •> assets for dealers and Government S. ' Total —— 194 chasing or carrying: 54,762 — 8,513 — 193 + 13,904 brokers to + 4,674 665 + agricultural and - Loans ' 2,993,293 assets 1 — 13 24,894 .— + 25,217 . — Loans—gross —4,222,465 5,940 18,926,426 banks foreign Notes Uncollected Other securities— and loans 67,425 Investments—Total and Loans Commercial, Due from Ry.— 13A#-3'A# Collateral trust Quarterly (in millions ol dollars) Assets— 25,200 + 7,212,200 - 1948 * $2584 $2437 $2438 Maryland Western Adams-Millis Dec. 29, 1949! 1949" Loans—net F. R. Westinghouse Electric Corp., 3 % # ; f. (—) Since Dec. 21, Dec. 28, 417,369 — 562,200 Notes Bonds 1950—Jan 15 pfd. stock, series A.Feb 1 Per 1,215 , Lines, Inc.-r- membet banks follows: securities: Govt, Total U. assets and liabilities of reporting of the summary ■ $2435 $2584 due 4% Corp., Dividend 133,781 + — A Feb 15 equip, trust conv. ctfs.-, series A and E, due 7% 1 —Feb 14 Industries, Shoe Caribbean Air Cargo Trans member banks was $5,000,000; the principal changes were increases of $85,000,000 in New York City and $50,000,000 in the Chicago District, and decreases of $46,000,000 in the Boston District and $36,000,000 in the St. Louis District. Time deposits increased $61,000,000. United States Government deposits increased in all dis¬ 196,281 42,791 + 95,274 2,055 advances and Discounts 3,859 23,172,362 gold ctf. reserves Other Jan 13 1966-— due bonds, 4'+ bonds, serial France $2582 ■■ 1950 and 1951— —Jan 9 preferred stock —Feb 1 prefererd stock Feb 1 Monongahela Valley Water Co., 7'+ preferred stock Jan 15 Patrician Annex Apartments (Parkway Bldg. Corp.) — 2nd mortgage income bonds.— Feb 1 Patrician Apartments (4C5 Fullerton Plcwy. Bldg. Corp.) 2nd mortgage income bonds r__ —— Feb 1 St. Joseph Water Co., 6% preferred stock Jan 27 tricts. notes U. 6. adjusted increased in six districts and all re¬ V-, 1958, & Elk RR.— Cheat mortgage 3V2V0 porting Jan. 5, 28, 1,998 . $38,000,000 in the Cleveland District and a total of $71,000,000 at all reporting member banks. Holdings of United States Government bonds increased $59,000,000. ' Co.— debentures due First La 1 ___Jan 20 1966 due 3VI;s, .327225 .193329" .561797"! since $ $ Light Co.— consolidated mortgage Illinois .232866 Demand deposits 1949 1950 Assets— $2222 .653327"t Increase (+ ) or • Pago preferred stock.Feb 15 bds., due 1970_Feb 1 .327225 decreased in the other six and the net increase at decrease (—) 5+ .193329" 5% $2384 Date .140154" Day dollars) of 4.588 Company and Issue— .140154" !Application depends upon type of merchandise. (in $2588 $2337 CALLED ISSUE ENTIRE .232620 Reserve Banks Combined 9 $2588 Feb 1 Feb 15 .327225 Statement of Condition of the 12 Federal 1 Jan 23 Jan 14 Realty Melville "Nominal. Feb .193329" .658327"! .561797"! .425531"! 1 Washington .0348791 2.800742 1 Jan 23 .496166 Closed $2587 Feb .262871 2.772896 6 .|2o86 Feb debentures, due 1973 Corp., 15-year 3% income bonds Terminal Co.— 1st mortgage 2% '/<? bonds, series A, due 1970— West Virginia Pulp & Paper Co., 4 % % pfd. stock Taft 1 Jan 18 l/% % .115722 .262887 4%% bds., due 1959_Feb .140154" Day 2.733750 .—. Uruguay, peso .0028625 .208700 2.772896 New Year's Closed .193329" .232700 sterling pound Kingdom, .144938" .115722 .0348500 Uruguay, peso .144938" .327291 — krona Switzerland, franc Union of South Africa, pound Sweden, United .144933" .496166 dollar .208500 .0200600 .208700 .140154" krone Philippine Islands, peso Portugal, escudo Norway, .208500 .0200600 .0028625 .144938" .0028625 .208700 .115722 .262883 2.772896 ———— Feb $2437 6 1948 of debentures 25-year .208500 .0200600 — _— .883750 .883828 .884687 3 3 1 1 Co.— & Serial .0200600 .208500 — 1 1 5'+ mortgage Swift dollar— Canada, $2223 $2223 Feb bonds, series A, due 1951 Raymond Concrete Pile Co., $3 preferred stock Southwestern Gas & Electric Co.— 1st mortgage 3'A '< bonds, series A, due 1970: Standard Milling Co., 3% debentures, due 1961 1st .0200000 Day 1 1 Water Service Corp.— York New 2.231573 2.231573 2.231573 New Year's $2223 A _Feb debentures, due 1962—Feb series 33A'< refunding mortgage General and .138958" .138958" .138953" ..138953" 2.231573 .0200000 .0544060 Special Australia, pound Belgium, franc Brazil, cruzeiro .297778" .206949" .174562" Basic *243-1 1 Apr 1 Jan 23 tsock Lynn Gas & Electric Co., 2:,A# notes, due 1958 McCord Corp., 10-year 4%.# debentures, due 1956 Midlothian Country Club- 5 * $ $ 8 t * Jan. Jan. 4 Jan. 3 Jan. 2 Dec. 31 stock, Packing Corp., Deerfield Argentina, peso— Preferential preferred $5.25 Value In United States Money Country and Monetary Unit 15 —Feb —Feb due 1960 due 1974 mortgage 1st UNDER TARIFF ACT OF 1930 FEDERAL RESERVE BANK TO TREASURY BY 2 Cincinnati Union Terminal give below a record for the week just passed: FOREIGN Co.— mortgage general and 1st requirements of Section 522 of the Tariff Act of 1930, Pursuant to the to the Secretary of Power Maine Central Page Date Company and Issue— Foreign Exchange Rates 2-15 75c ___ 1- 2-14 2- 4 3 12-23 ances Commitments to make 9.808 659 + + 283 Cleveland Cincinnati Chicago & St. 6,465 384 — Common indus¬ trial loans 1,915 — Redemption Galls and Sinking Fund 5% (s-a) preferred Foods, Clinton will be found Below The condition banks of statement of weekly reporting member Federal Reserve System in leading cities the shows the following principal changes for the week end¬ ed Dec. 23: An increase of $193,000,000 in loans, decreases of $184,000,000 in holdings of United States Government securities to and domestic $180,000,000 in banks, and an demand increase deposits credited of $144,000,000 preferred and including those called industrial, and agricultural loans in¬ $38,000,000 in New York City, $16,000,000 in the Dallas District, and a total of $40,000,000 at all reporting banks. securities Loans to brokers and dealers for sinking The date indicates the redemption or for fund redemption, provisions. last date for mak¬ ing tenders, and the page number gives the location in the current volume (except where indicated) in which the details were given in the "Chronicle." pur¬ OF TENDER Mandel Series A Poli-New 1st and series England mortgage B 70' Theatres, bonds, due 1956 16 *2437 Jan 19 bonds, due District, and $31,000,000 in fhe Cleveland District. PARTIAL Beneficial 15-yr. preferred Extra _ Columbia Gas System. Commonwealth Edison Co. Industrial 31'4 r't Bush ings of,Treasury certificates of indebtedness decreased 1st Terminal Buildings mortgage 50-year due l 1970-.—, Page ..Feb 2 .1 Crown Life 2-16 1 3-16 4- 1 3-16 25c 1-20 1-10 25c 1-20 1-10 18 %c 2-15 1-20 (quar.)_ (quar.) 40c (quar.) Heating 2- 1 1-13 $1 (quar.)_ 1-16 12-31 12-31 15c 1-16 _ 75c 2- 1 1-17 (quar.) $$5 1- 3 12-30 1- (quar.) quarterly Insurance Stores, Co., JFeb 2 I Jan 16 ' J 24,34 Co. 6# Rubber class Disher Distillers Dividend (Toronto) preferred 37 %C (quar.)_ __ _ 3 12-23 1-25 1-10 1-25 1-10 $37 %c 2- 1 1-14 5# ___ 15c 50c common 3- 7 1-11 2- 1 1-15 _ (quar.) A Steel Construction conv. Inc. Stores Ltd.— (quar.) Ltd.— registered shares, Co., preference A Company, Dixie-Home due 1960 1-16 1 4- Exchange Bank Trust Co. (N. Y.)— Ordinary Co.— bonds, 1 3- Royalties, Inc.— Corn $2 Corp.— 1964__„ 2- $1.12% Car Darling REDEMPTION clue 20c 20c _ _ Consolidated $1.50 Loan debentures, 3-10 20c _______ _ Louis) (St. Inc. 1 (monthly) __ .... 1-20 4- _ __ Co. 2-15 $1.12% _ (quar.)__ Bottling ... Dayton Date Brooklyn Borough Gas Co.— 1st mortgage 3V8# bonds, Hold¬ 4%% ___ 1-13 GOc _ *2567 Jan Inc.— 1958 Company and Issue— Holdings of Treasury bills decreased $197,000,000 at all reporting member banks; the principal decreases were $99,000,000 in New York City, $36,000,000 in the Chicago (monthly) Coca-Cola 1 common (monthly) Common Increased Building Corp.— $127,000,000, largely in New York City. Inc., Common Participating preferred Page Date Company and Issue— carrying United States Government and other increased (quar.) 1-13 1-31 Co.— — Consolidated NOTICES Commercial, or under bonds, notes, in creased member called stocks common United States Government deposits. chasing list of corporate a Illuminating 1-31 - (increased) preferred $4.50 $5 $1.25 ____ ._ (quar.)—. Electric Cleveland Common Notices _ Louis Ry. (interim) (quar.) (quar.) 2c # Dodge Manufacturing Co. (quar.), 10c f i.r- 15c 1-16 . 1- 2-15 2- 1 # Volume Number 4871 171 THE Per ' Name of Company Share Eastern Massachusetts Street Railway— 6% preferred A (quar.) 6% 3- Esmond Mills, Coe Fairbanks Ltd., 5% & 1 (quar.); (quar.)_„ preferred (quar.)__ pfd. Company, 6%. Pedaers-Quigan Corp. (quar.)_ preferred (accum.) __ Federal.Grain, Ltd., 6Vs% (quar.) 1- 1-31 1-17 1-31 1-17 J25c 2- 1 1- $1.75 $1.50 25c 2- 1 1 1-19 1-31 |$1.62 2- Extra 1 (Continued from page 6) 9 1-20 1-16 tificates, 12-31 been 12-31 1 1-20 Gross preferred (quar.) Foundation Trust Shares, class action Inc., taken 2- ry. Aug. NOVEMBER 15, AND 1949 railway to 1959 FIRST 1-13 15c 1-15 12-31 62Vic (s-a) A (quar.) dividend common 1-31 1-17 Gross 1948 1947 $1,460,881 485,523 258,679 430,017 308,548 114,557 14,188,566 19,494,220 15,567,818 from Net ry. —V. 3,384,482 6,781,487 |4,300,728 3,615,601 1,907,093 4,161,339 2,213,413 $1,197,917 245,982 2336. p. Rubber 15c Grand Union Co. Guarantee Co. (quar.) Co. of — America North Quarterly $2.40 (A.) Hartford 2-24 2- 6 Net from 1-16 1- 5 Net ry. & 1-16 12-31 1-16 12-31 Gross preferred (quar.) 60c $1.37Mi 1-15 1- 2- Electric, 4V+'/o 9 —V. 21 Vic 1-16 1- 5 1-16 1- 5 Gross ———— 25c 1-16 1- 5 Net from — 20c 1- 5 12-23 Net ry. — 50c 2- 1 Hardart k Indiana Co. (N. 2- 1 1-14 Y.) Associated $2. preferred Telephone Jantzen Knitting Mills, A preferred Kennedy's, — Inc., — (quar.) pfd. — Custodian Fund Series B-3 Series'-8-4 : i France Industries, 4% — — preferred Company, 1st McAleer Ltd., S3 preferred 5% pfd. pfd. (quar.i (quar.) .____ (quar.)— Petroleum Packaging preferred $1.12,/2 2- 1 1-20 20c $1.25 2- 1 1 2-25 2- 1 1-25 1-20 the Corp. Materials Co., (quar.) com..'— — 12-31 1-16 12-31 14c t$1.25 75c $1.50 2- trust the 1-31 1-17 2- 1 1-16 2- 1 1-16 2- 1 1-17 Gross fl5c 2- 1 1-14 Net from 2- 1 1-14 Net ry. 2- 1 1- 3 1-15 1- 5 3-15 2-15 5c 2- 1 1-20 2- 1 1-16 56'Ac 2- 1 1-16 and 2- ruled as that that the 17, the $243,279 $179,813 30,623 10,230 *53,186 *33,795 *53,660 Outlet Company Pacific Public 3,076,396 3,167,193 2,920,281 2,683,213 222.011 *513,999 114,361 77,369 whi preferred 3.70% Portland k Raymond C *693,490 *623,012 *629,051 chmanufactures (C. A.) & Inc. 1-16 The Elizabeth manuiacturers 30c 12-30 12-20 Lucky 30c $2.25 12-30 12-20 Regent cigarettes, 1-26 1-20 of fine —— Co.- papers has Co., & 10 class Fine W'. Sanger Foods, Brothers, Saudi & Arabian Sheraton Corp. of preferred A Standard Fire Co., Ltd. Insurance Co. (quar.)— .Sunshine Taylor J.) (quar.) (s-a) — Inc 2- 1 12-31 "roll-your-own" smokers. 10c 12-30 12-22 Eagle, Niagara, Centennial 1-20 Viceroy 2- 1 1-21 2- 1 1-21 in 1-12 1- the 2- 1 1-13 In 1-13 1-20 firms 1-31 1-13 Motors, 1-16 1- 5 duction 1-16 1- 3 2-28 1-20 1-12 12-30 Fenn Power Texas 7% 3 1-14 1- 3 75c CO v—4 1-31 1-23 1-16 1 1- 5 5 pfd. Tobacco .Securities 1 1-17 2- 1 1-14 $1.50 2- 1 registered writer. all Trane Company 2- 1 1-10 2-16 1-11 12'A% 2-16 1-11 United 62'Ac quar.) (increased 50c s-a) 2- 1 1-14 1-31 1-14 Class $38c (quar.)—, Waterous, Ltd., West Chemical End Point Western N. Common class Y. & (quar.I 6% —— pfd. (special)- Co.__ 2-28 that paper so-called firm, for extensive an Raleighs, booklet founded in field, and Valley plants, Schweitzer's factor correction distance this transmission field as well as Salesbook American company entered tissues carbonizing comuany $20c 2-15 1-31 1-20 12-23 3c $1.25 (s-a) Wilbur-Suchard Chocolate, Yates-American Machine $5 15c Co pfd. (quar.) 559,16* $33,002,251 $31,046,130 5,631,375 5,608,67*. 168, $6.9U 2692. p. this papers be tissues for the Federal increase to 30 filed number of common a Commission capacity by a.-* 109,000,000 C.; extending by building a new high pressure trans¬ gas new a provide 420,000,000 cubic the second by the 126,000,000 increase an of approximately 26% deliverability of the system. ever effected, being sur¬ feet daily largest expansion cubic feet day a increase completed In 1948. Natural plans to the construct to $32,520,000, of which $18,360,00f> the program and the company proposes securities, 170, to finance although it the cost of construction by finance may temporarily ry. 1949 railway . 1948 banS; $39,048,929 8.105,630 7,742,841 railway oper. income— . 1947 $36,117,777 from Net issuing through 1919. p. Southern Pacific Co.—Earnings— from remaining* 1951. 1946 $33,283,160 $31,096.9431 4,792,688 1,640,72* 1,139,264 3,233,665 3,154,963 2,513,857 385,905,984 421,833,837 77.640,908 90,999,865 85,033,133 36,255,56* 26,927.104 34,452,295 27,657,428 23,792,27*1 From Jan. 1— Gross from Net from Net ry. railway.. railway —V. income oper. 171, 377,016,986 352,868,875 9. p. are Southland used by The firm in block a of 4,000 such shares of stock common (pay $5) at $33.50 per share, with a dealer concession of $1 per share. The offering was oversubscribed. — V. 17Q, p. 1196. Southwestern. Bell Telephone Co.—Earnings— Period End. Nov. 30— 1949—Month—1948 in electrified Smith Royalty Co. — Secondary Offering—ShearHammill & Co., on Jan. 4 offered as a secondary dis¬ son, tribution 1949—11 Mos.—1948 $ $ $ Operating Uncoliectible oper. Net Net oper. 170, has __ 81,341 06,320 22,431,744 17,847,589 taxes____—2,329,585 after —V. 20,042,521 rev._ Operating revenues Operating expenses Operating $ 22,513,085 revenues income 239,078,001 207,122,49* 915,642 731,59* 19,977,201 238,162,359 206,390,900 15,687,170 193,181,416 167,007,589 1,946,353 25,247,037 21,654,765 2,254.570 2,343,678 19.733,906 17,728,545 1,874,173 1,816,529 14,601,830 13,143,450 charges^; 2336. p. the makers the from Remington Dec. on Power system applicable to the 1950 phase of Net the all located installations for lines. in Co., field imported were with filed has of Moore early Southwestern The Business 20s. Previously, Smith Paper company Gas & Electric Co.—Partial has called for redemption of Redemption. will first mortgage So. bonds, series A, due Feb. 1, 1970, at 105 and interest, Payment made at the City National Bank & Trust Co., trustee, 20ft La Salle Street, Chicago, 111.—V. 170, p. 2230. be England. Rand, registration shares $160,000 3'A% others. among Southwestern Public Service The to with be the SEC— SEC offered covering under the SEC company covering offered eight 168,729 common held. Dec. on filed 30 shares stockholders Underwriter—To of $1 the at be a Co.—Registers With SEC registration value per rate named in of statement common one an new with stock, share amendment, tb<* to b» for eact* along wit.fc* p. 3. offering price. Proceeds will be used for construction of additions aru£ improvements and to repay bank borrowings for these purposes.'— V. Seaboard Air Line RR. Gross Net from ry. railway railway oper. -Earnings— 1949 from income 1948 $9,980,620 $10,729,799 2,209,139 1,953,417 Spokane International RR.—Earnings1947 1946 from railway from railway ry. oper. income 2- 1 1-16 1-16 —V. 1949 1948 1947 $9,474,457 1,567,480 $164,166 $195,187 1,623,012 $162,823 $148,06* Net from 12,207 58,499 55,981 45,262 Net ry. *5,017 42,064 33,327 30,11!* 1,869,500 1.978.825 1,765,330 1,4G0,565 265,992 495,343 474,003 349,502 4,544 192,555 186,807 176,64-/ 979,521 835,004 609,533 652,345 112,012,081 121,076,447 107,558,946 102,337,675 Gross from railway railway oper. income 1945 • From Jan. 1— Gross from 21,635,290 25,927,039 19,925,706 17,810,635 Net from 9,764,791 12,247,694 7,852,873 8,555,935 Net ry. 170, p. 2587. railway railway oper. 'Deficit.—V. Seismograph Service Corp. of Delaware—Sells Vene¬ zuelan Assets— See November— $9,765,126 From Jan. 1— Gross 170, p. 2587. income 170, p. 2230. Spokane Portland & Seattle Ry.—Earnings— November— Lane-Wells Co. above.—V. 170, p. 986. Gross from 1949 railway____ 1948 1947 <quar.)_ __ $1.25 25c 11- 3 3 2-15 2- 1 1-23 12-31 12-31 2- 1 1-20 1- 9 Sharp & Dohme, Inc.—Exchange Offer Underwritten— 1946 An issue of 171,815 shares of $4.25 cumulative preference value, on Jan. 5 was offered by the com¬ pany to holders of, and in exchange for, its outstanding $3.50 cumulative convertible preference stock, series A, stock, no par $2,338,483 $2,172,722 $2,361,118 Net $1.50 Rubber 1948 533,638 $7.01 be only Gross Kools, by operates Pennsylvania Ry.— Brothers the $32,468,613 $30,486,96& _______ facilities would credit.—V. used paper 1835, 1-31 75c (s-a) preferred Whitehead A Co., Manufacturing 2-15 J25c (quar.) B and de "employees' stock purchase plan of 1950,'' at a price not to exceed market. The proceeds are to be used for corporate purposes.—V. 171, Net A The unspecified Net Corporations, Ltd.— Class makes The power November— (final)— (increased Corp. countries, in paper Scott Paper Co., Chester, Pa.—Registers With Net Transamerica in the as 1949 permission present would The production of electro¬ paper used by a number of large firms. carbonizing tissue field, Schweitzer makes paper for such the in Subs.)—Earnings- —_ Cost of the expansion is estimated at Cornell long carbonizing makes added 1-10 $1.75 (quar.) registered Ordinary 12-28 Ltd.— Co., the The 2- — Trust Deferred cigarette Papeteries Forms, Keelox, Codo, H. M. Storms, Standard Register, Interchemical Corporation, Ault and Wiborg, Carter's Inc, Old Town and Royal Type¬ an 10.2857% $6 (quar.) In 5 20c (quar.) Light, preferred the own also lighting and specialized lytic condenser 12-31 1- also Westinghouse, Western Electric, General Dubilier, Aerovox and Mallory in tne pro¬ condensers for radios, telephones, television, motors, fluo¬ and (& produced 12-31 1- —$1 (irreg.) Inc. Co. & $2.50 also It paper companies 1- of Electric, of be may day. S. $14,160,000 Pa., others Morris, leading manufacturers of condenser paper used type of electrical equipment, and of carbonizing tissues, which carbon paper for business and general purposes Sprague, also 1-16 1-14 European manufactures General as railroads 37V2C other condenser the 1 1 1 from Philip made. is 2- 2- 2- Hemisphere major portion of the ncT facilities prior to the 1950-51 winter, depending on availability of mate¬ rials, and to complete the program during 1951. * Jersey City, Springs, among Mass. are almost every 50c $1.25 Lee, in Holly East. Wings. firms paper the Far company, Columbia, Both 10c 6 and around or for the located Mt. supplying 1 5% Biscuits, k France, 1-10 and in was are at Schweltzers 3- 112V2c (quar.) dividend Stock The The 10c Extra Drug, .a country 6c RR. and in Players. business 1 Western taxes for a new the involved reportedly in privately financed. Life and wide variety of Canadian brands, including Carpentras. Smith amount are production Tareyton, 1 37%c (N, Herbert 1 50c Brook Stony (s-a)_ (quar.) pfd. the 1-16 10c iquar.)— Chemical Standard 6% and in 2- $2 Syndicate, Ltd._ Caliiornia Gas, Southern J., 2- 25c RR America Mall, plants whose N. used 1 50c (quar.i— Valley Navigation RR. Co. Schuylkill 6% Mining paper 1 2- the unit is a wholly owned subsidiary organized Wimpenney is its President.—V. 170, p. 2439. Schweitzer. J. 1 25c (quar,)— Inc. Schenectady Company, Pall and Peter 3- rescent Saratoga stated, 3- 50c pfd. father, Spotswood, of in was it firm President, William P. Schwetizer, Vice-President, Treasurer, head the Schweitzer firm 2- 25c —— iquar.') 4% and Strike, deal, Smith $1.02 92V2C 50c B ___ — Stores 25c The The 5. the of $1.10 50c — .__ 5. Schweitzer MacDonalds assets $2.50 — (quar.) the basis', new November— used by industry purchased the Smith Williamson Tobacco Corp., cigarettes, 32V2C iquar.)_ (quar.) Extra Rose's their 1-16 $2 participating class A iquar.) Reymer & Brothers (quar.) Rice-Stix, by Malaucene RR. Company established 1-14 quar.)-. The new Schweitzer, 1-30 (quar.) Pile Peter 1-30 1-30 but $10,000,000, 20c $1.25 Mills Concrete of G2V2C — (initial Trenton Woolen 1-16 Co.— D preferred Philadelphia 2- disclosed, M. the preference on field in Mississippi to Augusta, Ga., line into the Carthage gas field its Logansport Branch; looping other portions of its present line, and installing additional compressor capacity to the main main *11,980 manufacture Louis P. Schweitzer, and Yorfc on line. Schweitzer, Inc.—Acquires Smith Firm— — $1.30 let preferred (quar.) Pennsylvania Electric, 4.4% pfd. B 4.05% 4 1- new period share 170, p. 2587. (increased)— (year-end) Service 1-14 12-27 New stock common. _ company Aiken, will excess 1 3 1 and *107,093 $1.183A v $1 not The limited a —— after Southern $340,604 Brothers, Inc., 4^4% pfd. (.quar.)—. England Confectionery Co. (quar.)---Utilities, $7 non-cum. pfd. (annual.) 1-10 of ior common Sept. 30— per December, *78,491 was 1- shares 2.66 The company would do this mission line from the Gwinville ZSVz'/b * 10,027 income__._ Paper Co., Lee, Mass., from the Brown & according tG an announcement made on Jan. — the effect, $226,622 railway railway 1-10 2- stock preferred dividends.—V. feet passed 1-10 Olympia Brewing, common (irreg.) 6% partic. non-cum. preferred (irreg.I to In 1946 1-13 — subject the purposes 1947 1 (quar.)— tax corporation. 1948 1-16 Electric Co. tax proposea RR.—Earnings— 1-16 preferred the the to 50c Oklahoma Gas to under 8. p. 25c 50c ruling from a respect income and not as a trust will not be 25c $7 profit from Federal for received with created trust, a tax.—V. corporation, in the on for share. preference common income 'After cubic 1949 (Peter J.) This stock new exchangeable each lor of The W. B. moiasscs application has it Revenue i— Engineering Co. (quar.) Nunn-Bush Shoe Co., common (quar.i—__ 5% announced 6 Internal of (quar.)— Northwest Net » • oik- 6,487,157 <quar.)__ Nelsner West 9,537,578 Inc. Northern Sun 10,981,197 Corp. Stores the list to is income Total 12-30 1-16 Extra Other 12,484,483 railway— railway oper. income— ry. V—'— & 19,079,142 Jan. on has 'Deficit—V. 1 S. 23,092,126 from Net any Southern Natural Gas Co.—Plans Further Expansion— means oper. Net 2- Department 20,160,382 1-20 1-12 countries future. Sugar and 42,376,393 from Gross 1 Strauss-Duparquet, 49,230,223 From Jan. 1— 1 Nathan 58.551,693 9,156,993 be' taxable from 12Vic 2- National 829,892 Sail Antonio Uvalde & Gulf 2- Reed other near 1,525,831 1,374,161 November— $8 —_—__— 2,153,617 1,184,943 55,436,229 Bureau Bureau ruling for effective Interameriean Corp., a new export company organ¬ all Sharp & Dohme export business in Puerto Rice began operations Jan. 1. Other company operations* transact in Delaware. This Co. 4.4% 2,532,929 1,218,029 1-17 $1.25 Power, 2,607,428 the will share a became $4,249,506 ____ corporate income 1 1-30 $1.10 SI.20 5% to Argentina, 2229. p. of $75 SEC Export Unit Formed— 'Earnings corporation The 12-31 1-16 ----- ____ Corp,, $2 1946 $5,204,661 royalty trust which will be plan, for liquidation of the corporation. preferred pfd. (quar.) 4.8 preferred (quar.) Narragansett Electric, 4%% pfd. 1 quar.)—, Maid Monongahela 1947 $5,983,161 income oper. 12Vic (quar.i 1948 $5,531,048 railway Federal status 1-10 1-15 45c made stock common Year Ended Salt Dome Oil Corp.—Tax Status— The 1-15 3- $1.06'A be preference lor The 1-20 of the with Sharp & Dohme 1-15 1 two ized -Earnings— 1949 railway 170, 75c pjtd. (s-a) Mill Creek & Mine Hill Navigation & RR. Semi-annual ry. —V. $2.50 — Mid-Continent Midwest 1 will preference 4,066,857 railway. income from 37Vfec B McCormicl: & Company, 5% Miami Bridge Co. (quar.) New 9,034,954 railway from +10C Manufacturing Co. (increased)-— Grain, Ltd., class A iquar.) McCabe 22- 25c Corporation, Maytag Minute 10,417,257 From Jan. 1— Gross 1-12 30c 6%c Brothers Mailman 1-25 31 Vic (quar.)_— Keystone 5% 9,139,310 oper. Net 100% 30c (quar.) common convertible - (quar.) com. (quar.) B Inc., (quar.)_—___ from Net 50c (quar.)_ preferred Class 9,737,673 November— Corp.— Interchemical Corp., common 4Vi % preferred (quar.) $6 84,051,738 19,090,771 1-12 $1 (quar.)— Lighting & Power, $4 pfd. (quar.) Radio k Electronics Corp.— (Stock dividend). Subject to stockholders approval at special meeting 011 Jan. 21. Lit 93,961,275 20,118,267 the rate stock. South Porto Rico Sugar Co. 5 * Hytron La 102,868,088 18,832.642 St. Louis Southwestern Ry.- 1- C al filed new convertible into one in 97,687,329 Co., underwriter^ 8. p. 1-16 Houston $1.25 171, 25c pfd. preferred B (quar.) 5% preferred D (quar.) Holyoke Water Power (quar.) W0 647,283 of be New 1-20 1 old and railway railway oper. income cash pay statement the on Application The 1,100,207 1,063,886 20,. purpose, Stock Exchange. $7,632,220 2,147,327 709,988 from rv. 40c 5% 5% $9,245,655 1,608,638 1,061,394 this preference stock will be cumulative from Feb. 1, 1950. It will be redeemable at $105 per share for the first three years, at $103 per share for the next three years and at $101 per sharu thereafter. 1946 2,028,659 registration Dividends Steam Hawaiian 4 1947 $9,182,522 income from Net Net Confpany, 5Vb % pfd. (quar.) Boiler Inspection &, Ins. Co. railway railway oper. 1948 $9,340,942 for & Jan. 4. of Earnings— 1949 from From Jan. 1—• 1$3 Quarterly Horn $50c St. Louis-San Francisco Ry. November— Gross Company— convertible Harris 3 1-10 t$1.50 - Brothers 1- 1-31 (Montreal) _________— Extra Halle 1-16 60c Extra 1 will company The will 2- 25c (quar.) Goodyear Tire & Rubber Co. of Canada, Ltd. 4/c preferred (quar.) Griscom-Russell 2-15 15c Co. The basis the second consecutive time. Goodall funds Drexel maximum of 86,000 shares which may be offered by the underwriters on or about Feb. 15. 1,388,935 income oper. 170, provide and stock up to a ence 14,118,652 railway railway To Sons & have agreed to purchase from the company $4.25 prefer¬ 1946 $1,535,171 from share. per Brown fractional share of old preference MONTHS 441,027 350,394 railway oper. income Net for shares of new preference stock for preference stock. Any $3.50 pref¬ unexchanged or unconverted on or prior Jan. 19, 1950, up to a maximum of 114,543 stock $75 Alex. inclusive. 1964, 11 $1,246,029 from Net 6 1 93%c pfd. 5% on annually FOR From Jan. 1— 33A% No from Net 1-16 1- due CC, November— 12-31 1-15 series EARNINGS Machinery & Chemical— Gamble-Skogmo, Equips. 1 2- of three rate 3 p.m. on at Halsey, Stuart & Co. Inc., 123 So. LaSalle Street, Chicago, 111., has designated as an agent to pay principal and dividends due in February and subsequently on the 2%% serial equipment trust cer¬ 1-15 6% preferred (quar.) $1.50 JFibreboard Products, 6% pfd. (quar.)—$1.50 J500 Walnut Street Corp., $3 pfd. (accum.) 15c Food to 1-15 50c the each four shares of old St. Louis,.Brownsville & Mexico Ry.—Agent for 1-20 2- 75c : at Corporation and 39 shares will be called for redemption on or about Feb. 2* 1-16 30c (139) erence 12-31 Federal Services Finance Corp. (Wash., D. C.) Common CHRONICLE Investment News 1-16 6 $1 pfd. 7% Gregg, FINANCIAL 1 22- 30c Extra Faber, 3-15 $1.50 Employers Group Associates (increased quar.) General Payable of Jtec- $1.50 ___ & Holdera t$3 preferred B (accum.)— Theatres, Ltd.__~_ & Walker Dry Goods (extra) Eastern Ely When COMMERCIAL from 876,493 465,033 799.167 Net ry. 577,972 196.428 488,075 23.036,787 20,661.164 17,390,6211 6,042,573 23,651,688 5,509,551 4,826,581 2,667,32* 3,032,070 2,019,583 1,685,325 1,304,4W> railway oper. income $1,706,43*1 327.02U • 247,02?. From Jan. 1— Gross from Net from Net ry. —V. railway railway oper. 170, p. income 2230. 40 Including Pittsburgh Rys. Co. and Subs, and Ry. Subs, of Philadelphia Co.) Period End. Sept. 30— 1949—12 Mos. 1949—12 Mos.—1948 1949—9 Mos.—1948 4 Gross from Net ry. $ $ 71,241,953 101,718,290 57,987,494 81,900,000 94,557,004 76,105,468 Net oper. inc. aft. taxes Other income (net) 14,671,677 13,254,459 192,969 19,818,290 13,447,428 19,919,417 6,286,693 7,610,157 Gross income Income deductions 14,724,179 5,827,248 — Balance Divs. 7,160,735 8,896,931 101,127 12,309,260 18,731,082 8,465,067 10,266,015 on capital stocks held by public Minority interest in un¬ — 3,353,553 3,491,588 4,596,607 4,821,860 distributed net income 95,955 90,551 34,497 Cr20,250 5,442,423 3,578,596 7,678,156 5,464,405 1,040,759 1,216,371 1,970,940 Other of inc. Gas of subs. inc. Net from Net ry. Co... 9,649,096 4,794,967 6,483,182 Gas & Elec. Co.. of Std. 800,437 1,003,372 1,069,107 1,361,826 income. 5,682,745 3,791,595 8,579,989 5,858,664 Consol. net 1948 Sept. Gas & restated further were Co. give to effect subsequent to by such 1949—9 Mos.—1948 Period End. Sept. 30— from divs. and int. Expenses and Gross income Income —■ income —V. 170, 578,495 $6,657,044 757,023 $6,621,537 777,700 $3,609,413 214,185 ... deductions Net 1949—12 Mos.—1948 $3,957,527 586,252 $3,379,032 $5,900,021 424,877 312,085 $5,843,837 584,126 taxes—__ $3,395,228 $2,954,155 $5,587,936 solicit to the States illegal Rome in plans Dec. on operation Aeronautics Court ten counsel days by agree notice 9. p. 1948 1947 1946 $288,590 $258,651 ♦11,987 ♦62,702 $325,546 59,012 *227 Net from Net ry. 6.259 24,565 43,083 *32,644 railway income... oper. from Gross Net from Net ry. 25,370 *504,054 raillway income... — oper. ♦Deficit.—V. 3,310,829 199,993 *445,096 2,579,900 railway. 2,957,104 84,303 *570,015 3,259,587 326,895 *301,071 The has SEC Steel Corp., of sale made was a is newly organized company headed by officials of the Empire and Reeves corporations. The officers are Mr. Frease, Pres¬ ident; S. J. Reives, Vice-President, and A. J. Krantz, Secretary- Treasurer. Mr. A the name $10,000,000 Empire of improvement announced. Harold suffered loss Ry. operating operating Ry. Net in error. Federal which has been organized to carry on the steel business of When the present Empire Corp. is liquidated, it is expected will have not only all its origiual investment but a company Empire. that Studebaker considerable order an and profit thereon."—V. (both 170, p. 535. ; ♦Net u. , Net inc. income Number of ♦After P. $9,804,076 $9,342,287 177,470 100,025 1,703,926 598,441 1,214,725 597,867 $2.85 share per and taxes charges. tFor 12 months ended Nov. 30.—V. 170, Operating Net Sept. 30— profit and other Earned of per common 85,200 p. Net ry. *$5.99 ($1.52 per County, S. C., for $238,198. share) profit after taxes on 1949 1948 1947 1946 $397,692 income—, 50,268 $388,568 26,282 *37,402 $313,319 35,024 *24,469 3,939,814 4,359,921 650,330 342,158 42,917 3,814,209 346,471 *158,218 3,317,746 864,495 *5,045 *53,958 From Jan. 1— Gross from railway— railway oper. income,— Net from Net ry. ♦Deficit.—V. 274,627 *209,064 170, p. 2337. November— Gross from Net ry. 1949 1947 1946 $298,431 59,758 $263,030 $190,150 4,057 122,785 61,238 67,737 62,144 income 1948 99,127 railway railway,, oper, ^52,814 Gross from Net from ry. —V. railway railway, income 2,822,219 2,954,755 2,690,163 2,239,680 1,022,419 1,008,339 295,904 1,177,267 576,180 oil November— Gross RR.—Earnings— 1949 1948 railway— $10,296,289 $11,510,539 $10,157,923 railway 2,732,111 3,537,319 3,031,985 Net ry. oper. income— 1,025,277 1,508,333 1,283,299 1946 1,718,312 From Jan. 1— from railway Net from railway Net ry. oper. income —V. the 170, p. 2337. 93,841,188 18,837,549 13,816,743 210,000 $2,443,921 $2,559,368 Net : 170, after intei¬ deductions. __ ; 1742.' p. per *After 1,510,602 $0.85 $0.84 t$1.04 tAdjusted to give stock split in July, 1948.—V. 170, p. 2384. dividend common » company has called for redemption on Feb. 1, trust lfy-SYify bonds, 1, 1959, and all of its $234,000 outstanding 3lk% bonds, due Nov. 1, 1960. Payment will be made at The all of its due serially to collateral trust Chase National Bank of the City of New York, 43 Exchange Place, New York, N. Y., at par in the case of the 1959 bonds and at par plus a 3% premium lor the Holders 23,177,644 13,059,591 ' v ,• 4,047,828 16,134,685 39,919,269 2,187,325 24,995,632 24,174,158 /," ■■ v ■ ■ ■. , The the 258,862 5,528,018 """67494,015 46,658,335 5,639,672 5,970,841 SEC has taxes.—V. its 170, subsidiary, the to has p. SEC As operating The —V. of Bank terms Gas Co., authorizing a year's Allentown's $600,000 4% of due to the and until persons Fifth the of of the medium of Jan. to 9 request a - Inc.—Trustee, Etc.— Bank Avenue Consent will it the also been has Judgment act been and transfer as appointed Voting Trust agent for the transfer agent for common stock. profit 1949 1947 1,399,551 1,401,528 $0.96 $3.21 $2.50 Unconsolidated of 6 Months Ended Oct. 31— share common 1948 $1,400,200 $0.90 —_ ♦After charges and Federal '1947 $4,278,400 its present price discounts The has suit, been rules on $2.98 $2.25 fAfter preferred dividend require¬ taxes. denied its against suit the with a the from Commission proposed tires from Trade Commis¬ proceeding further regulation which would limit Net ry. Court, charged that the company 1949 1948 1947 1946 $136,061 $158,250 $102,072 67,292 66,188 31,706 27,319 '*2,975 *1,456 *25,565 *32,315 1,485,541 *115,899 1,492,665 *47,284 *90,334 1,692,591 113,800 15,885 1,412,591 138,248 From Jan. 1— from railway..„ from railway ry. oper. income— *162,203 39,555 170, p. 2231. - Virginia Electric & Power Co.—Earnings— 1949—Month—1948 Nov. 30— revenues..I income $4,808,026 3,927,273 $880,753 (net)— Balance Interest 5,818 income Preferred Balance Earnings -±V. 171, $886,571 ... amortization & dividend for per p. 233,882 $652,689 requirements— common common 10. 1949—11 Mos.—1948 $4,067,051 $39,744,868 $43,484,374 1,141,385 7,579,759 402,917 3,793,139 10,899,704 4,983,453 390,566 3,449,387 3,984,245 < 1949 1948 1947 1946 $326,513 $380,750 $376,921 $318,362 61,078 75.383 85,966 *7,261 21,516 30,097 40,000 20,807 income— From Jan. 1— from from Net ry. 3,708,653 4,131,598 3.663.279 3,510,455 • 652,534 889,034 669,893 324,617 income—• 264,352 407,495 240,549 285,566 railway railway oper. ♦Deficit.—V. J_J_ 170, 2588. p. Western Tablet & Stationery Corp.—Annual Statement 1949 taxes 1948 1947 1946 $1,451,342 $1,238,932 $1,292,727 $1,402,940 723,894 Fed. before 572,871 612.997 562,149 taxes Contingency reserves profits taxes 200,000 — Excess Pr. tax yr. Net —V. 123,815 14,593 adjustment income $727,448 Preferred dividends Common per $666,061 $665,137 $516,976 168,265 168,265 168.265 168,265 269,708 —— dividends 269,708 337,135 269.708 $3.68 $2;59 share com. $4.14 $3.69 1111. 165, p. Wheeling & Lake Erie Ry.—Earnings— November— from from ry. 1949 railway 1947 1946 $3,210,671 $2,716,735 $1,868,017 1,127,479 1,222,016 877,192 552,159 income oper. 1948 $2,682,055 railway 763,740 803,907 501,449 382,914 28,511,952 34,221,862 27.519,524 9,089,591 13.423,138 9,658,503 19,516,483 4,837,463 6.019,904 8,667,244 5,914.904 3,289,234 From Jan. 1— Gross from Net from ry. —V. railway-— railway L. income oper. 170, 2231. p. Wickes Corp.—Earnings— Year Ended Sept. 30— $812,908 $10,803,773 Dr3,422 Z)rl8,397 $8,312,062 Dr53,200 income —V. 166, ... 1,308,835 $1.08 $1.74 — 2666. trustee for they are entitled after July this company 1, to interest The 1949. EARNINGS FOR November— "Gross has transmitted Net from Net ry. $589,935 $5,798,797 1S49 oper. income— , Net from $1.69 $1.47 Net ry. railway railway. oper. 170, p. income 2588. rate of 6% payment funds instead will be AND FIRST 1948 $2,342,028 to 11 the United 4% Jan. a year 10. MONTHS 1 1946. $1,937,563 461,834 466,553 225,217 343,802 466,902 239,525 24,202,41.6 27,395,200 24.110,019 20,853,863 5,055,065 7,771,297 6,663^077 4,255,3*43 2,075,175 3,622,585 3,209,260 2,732,919 " * . of made 1947 $2,166,834 813,114 * from $4,351,442 —V. the railway '$2,031,474 railway— 516,268 From Jan. 1—. Gross at interest NOVEMBER from 2,460,065 1,447,355 p. 1948 809,336 States Trust Co. of New York for payment of interest on the first general mortgage 4% bonds, due July 1, 1949. The payment amounts to $20 on each $1,000 bond and covers the last six months of this year. The trustee states that the payment is without prejudice to the right of bondholders to the ultimate payment of an additional $10 per bond for the six months' period if it should be determined that $8,258,862 $7,667,692 1,447,355 taxes. Wisconsin Central Ry.—-Interest Payment— The $809,486 $10,785,376 219,551 3,117,684 — 1949 $11,400,494 $10,756,133 ± after Earnings per share $6,220,337 stock share.. 1949—12 Mos.—1948 $4,515,161 $55,730,530 $49,901,762 3,702,253 44,926,757 41,589,700 sales Net $215,292 railway railway TNet ry. oper. income— oper. EARNINGS constitutional right from Other OF for railway oper. Net and tubes. Federal District STATEMENT 1949—Month—1948 railway Net ♦Deficit.—V. ry. available from Gross Net Federal Utah Ry.—Earnings— Net 4,516,337 November— Net tq a hearing and to introduce evidence in its defense. It asked the Court for an injunction restraining the Federal Trade Commission from taking further action under the present procedure.—V. 171, p. 10. Gross 10,031,103 4,100,565 contingent charges, i.e. capital fund, interest requirements on general mortgage 4 Va 'io income bonds, sinking fund and other corporate purposes.—V. 170, p. 2588. Gross automobile filed in from 8,456,548 5,234,773 $3,258,200 1741. p. company has filed a in an effort to stop under 10,681,819 627,836 609,968 Earnings Equities) 1949 profit 170, 1948 1,439,335 outstanding... share (Exclusive ments.—V. 39,531,130 7,256,416 3,873,598 oper. Prolit $32,279,000 $34,606,000 $28,323,100 1,484,100 4,600,100 3,612,800 — per 643,452 oper. income after fixed charges Federal (Including Equity in Earnings of Companies Not Consolidated) tEarnings 602,530 35,950,808 ry. Net trustee. appointed 6 Months Ended Oct. 31— ♦Net 428,194 Years End. Oct. 31— shares 1,383,574 large anticipated that United States Plywood Corp.—Earnings— per $3,886,155 Western Ry. of Alabama—Earnings— extension 10. common $3,641,107 1,280,362 40,806,092 $3,757,913 1,256,002 ♦Amount v trustee, inteiest has 171, p. 1946 1947 1,123,502 637,331 revenues from rev. Net order an such requested interested York such 1948 $3,810,469 37,191,951 income.._ oper. Net Gross the on (Including Sacramento Northern Ry. and Tidewater Southern Ry.) 2231. p. Allentown-Bethlehem for United Paramount Theatres, under meeting Co.—Earnings1949 Period End. Nov. 30— 62,561,006 1920. Bank of New directors' next 1,223,055 railway railway— from ry. Net given the $3,546,523 CONSOLIDATED securities. hearing.—V. 170, until open 10. p. from Net 5,783,666 41,018,663 amount of capital expenditures to be made by it. It is such notes may be refininaced during 1950 through long-term ? mortgage 4% bonds, first $44,170,000 From Jan. 1— Gross Ry. income firm 171, railway Net from railway.— Net ry. oper. income... 68,344,672 523,174 31, 1950 maturity payable to UGI. notes remain from 4,251,245 Jan. Allen town the 12, but may be terminated by the board on that date or at any thereafter, Eugene S. Williams, President, said in a letter 'to Net 5,310,942 application of of 50% November— all and company will exchange Jan. Gross V 6,315,739 504,797 — made extension to Western Pacific RR. 32,851,910 15,510,938 close of bondholders.—V. 109,008,414 1,289,032 bonds, plus accrued interest in each case.- 1952, have accepted the offer of exchange and additional assents continuing to come in, the company reported on Jan. 5. The offer are $ 24,317,555 1960 Nearly 50% of 4% Bonds Accept Exchange Offer— time 20,400,000 1950, Nov. t 3,088,382 * . — Federal - . $5,000,000 outstanding collateral gas from effect requirements, The 38,414,121 365,447,799 401,203,046 27,917,996 289,084,621 292,194,632 & $59,393,512 1,306,241 Western Maryland Ry.—To Redeem Two Bond Issues— of $ • Nov. 29,'47 Nov. 27,'48 1,280,432 share common preferred 2-for-l to (& Subs.)—Earnings Dec. 3,'49 $39,781,730 $54,381,633 _— profit after taxes..._i *Eaj-ned ■*, companies) 2,136,414 & charges. income have Net 108,784,649 118,404,529 103,779,537 28,418.913 32,751,249 31,979,133 11,494,788 13,651,792 J3,163,654 2,769,368 210,000 and Wesson Oil & Snowdrift Co., Inc. 1949—11 Mos.—1948 2,070,883 $8,851,383 2,094,913 2,653,921 income — Quarters Ended— United Gas Improvement Co.—Note Extention— Net 1947 from 209,998 $3,632,737 i . 3,618,701 Operating revenues Oper. expenses & taxes from Gross ■ '"V 560,624 other & Period'End. Texas & New Orleans Net 281,883 170, p. 2337. 279,405 income Net sales 171, 642,941 442,079 oper. $3,706,405 *Net Net From Jan. 1— Net the \,Court.—V. 1,673,953 (net) invests. ♦Excludes Net $264,460 frojh Net $3,621,084 —V. during the period ending between trans-- sources Gross Ry.—Earnings- $286,419 District 2,305,772 November— Texas Mexican the the 3,100,000 The $368,677 102,715 73,668 3350,575 (net); Balance United States Rubber Co.—Files Suit— railway oper. S. oper.~~10,698,426 "10,496,125 "76,3637178" taxes— income sion railway——__ from from Jasper Ry.—Earnings— November— Gross in 256. Tennessee Central Net 85,200 $3.67 price of land The company realized $129,308 165, *510,132 share sale sale.—V. 312,516 taxes 1948 $962,403 shares common ♦Includes this from from Earnings 1949 $676,416 income profit after depreciation and Number ry. Total Fixed No. Year Ended 22,399 United this $ 25,022,230 sources ♦Net Taylor-Colquitt & Co.—Earnings— U. . 1949—Month—1948 Sales 2230. $3,598,635 483 est (& Leased Lines)—Earns. 35,720,656 other $2.03 — capital shares— tEafnings 1949—12 Mos.—1948 $807,083 $285,936 2,984 Dividends applicable to pfd. stock for the period company to make investments in its subsidiary, Louis) Co. revenues- from certificates 1949—Month—1948 the by ■ v. /: stock of St. Railroad — Agreement. $846 109 — $347,591 due — The Tampa Electric Co.—Earnings— Period End. Nov. 30— ordered $16,607,308 12,975,071 law. in authorizing common Co. Equipm. & joint facility rents—net charge trustee Gross complaint otherwise expenses. income taxes The "Some, but not all, of the assets of Empire have been sold to a new the of Mqs.—1948 revenue income Gross ' from rev. promissory had report its is % out of Mansfield, Ohio, that the Studebaker Corp. had wholly-owned subsidiary, Empire Steel Corp., at a substantial "The sold, Steel Corp. probably would be program is contemplated, he Vance, Studebaker President, denied the corporation loss in the sale. He issued this statement: S. any this : Power Union Pacific This said Frease retained. violation 1949—12 $1,483,822 $17,974,492 1,197,886 14,375,807 1,164,680 advertise the between 1949—Month—1948 Net operating Under the proposal, the parent would acquire, from time to time the period ending June 30, 1951, up to $4,500,000 of the sub¬ sidiary's $100 par preferred stock, 4 '/• series, and $13,130,000 of its common stock, $20 par. The proceeds of the stock sales would be used for the subsidiary's construction program, estimated in the amount of $27,000,000.—V. 170, p. 2588. by D. W. Frease, President Steel and Vice-President of Reeves Steel Corp. of Dover. 4,272,716 $1,512,271 revenues exps. Other on 1951. operations Rema service commence in a the 22,711,962 6,307,754 8,298,752 taxes— filed during Net The announcement 13,625,926 8,049,381 "directly TWA alleged in its complaint that American is without authority under unless issued preferred Electric 30, Income plant. of Empire by to is portation operations subsidiary, since December, 1947, was sold to the Rema Co. of Dover, Ohio, on Dec. 27, at a price reported unofficially at $5,000,000. Studebaker Corp. paid $7,430,000 for the Empire 33,558,836 12,983,346 "l ♦Income The 34,699,745 5,461,001 and Union Electric Co. of Missouri—To Add to Holdings— 170, p. 2440. Studebaker Corp.—Sells Steel Unit— proposal a Oper. suit filed by Trans World injunction to restrain perma¬ Pan American last Dec. 20 after . Other From Jan. 1— 613,855 Washington Water Power Co.—Earnings— an S 1949 Board on 21. Pan and Act to after 483,412 27,039,949 8,301,290 Period End. Nov. 3C— the from oral argument on Southern District the 1,231,576 income oper. Operating of New York on Dec. 27, Judge Coxe the stipulation which was signed Dec. 30. Under terms of the stipulation either party on three days' written notice to the other may request the Court to rule upon TWA's com¬ plaint. In that event, the Dec. 30 stipulation shall be inoperative directed $5,259,711 $227,757 railway- Agreement — Pan for operations announced and $1,750,332 292,064 254,746 $3,169,121 1,448,244 170, P. 2337. Net resulted Staten Island Rapid Transit Ry.—Earningsfrom Inc. American will not cargo for such service or or American Pan ry. railway railway. from Net public." action 30 against alleged 1946 1947 $3,364,850 662,107 from Net • that (Excluding offsetting accounts November— Air, 13. passengers Period End. Nov. 30— Gross Gross on Aeronautics Civil further 2440. p. the Dec. airline Civil by last nently the Coxe C. said Dec. June $4,195,665 Inc. ruling service The Union ONLY Western & Alfred American additional COMPANY OF *46,911 1948 $2,463,810 1,097,597 — —V. stipulation indirectly, or including reclassification of operations of non-utility companies previ¬ EARNINGS 1 3,835 *440,681 578,219 railway..__ Net from railway Net ry. oper. income American Airways a Pan The adjustments ously included in other income. 1,482,587 *77,790 *319,482 1949 from Gross Dec. 30 signed a stipulation be¬ and Trans World Airline wUicb prohibits Pan American from transporting passengers between Rome and the United States through arrangements with Felix Roma or otherwise, Judge Pan Following 1948, 3, Electric income Transcontinental proposed Louisville Gas & Electric Co. (Del.) and (Ky.) and subsidiaries ceased to be majority-owned subsidiaries of Standard Gas & Electric Co. and, ac¬ cordingly, the accounts of those companies are no longer consolidated in these statements. For comparative purposes the accounts of those companies have been eliminated from the figures for the 1948 periods. Dividends received from those companies are included in "Other Income of Standard Gas & Electric Co." In addition, the amounts shown for NOTE—On Louisville railway Federal tween Airline Exps., taxes & int. chgs. 76,936 4,262,552 1,409,051 635,425 Earnings— November— $18 *35,100 From Jan. 1— raillway oper. pending 7,220,490 51,603 1946 ♦Deficit.—V. 170, P. 2337. Standard of Electric & from Gross 1,756,085 Bal. Virginian Ry. 4,351,283 1,482,849 619,631 income— oper. 1948 $428,102 164,722 1947 $279,015 50,849 19,449 railway Monday, January 9, 1950 RR.—Earnings— 1 $363,845 132,482 railway From Jan. 1— 18,451,536 279,546 52,502 from Net 75,495,473 60,823,796 1949 November— Other Street Operating revenues Oper. expenses & taxes FINANCIAL CHRONICLE & • Toledo Peoria & Western Standard Gas & Electric Co. (& Subs.)—Earnings— (Not COMMERCIAL THE (140) . . 'olume Number 171 4871 Wisconsin Gas & Electric Months 12 Jperating Ended Sept. THE 1949 1948 )perating expenses and taxes_ This and company sell Dec. on $1,000,000 of 30 applied first $1,621,131 $843,687 7,145 10,811 101.141% Rule income Gross $1,628,276 from income gross $854,498 436,950 The -V. 170, for year 425,610 $1,191,326 $428,888 ' Wisconsin Hydro Electric Co.—Earnings— 11 Months Ended Nov. 30— )perating ' • • " authority of to Bankers Trust series - $243,324 interest, etc. deductions Co. (New Net income 67,115 -V. J— per com. 170, shr. be acquired Wisconsin by Electric Power FOR interested until persons Jan. 17 THE 12 MONTHS ENDED SEPT. Co., the request 385,682 30, —V. $1,345,563 $896,503 97,767 31,363 22,850 45,280 $2,322,040 income $1,376,926 $919,358 t$73,225 170, p. $118,505 other deducts. 16,018 6,611 24,494 12,023 and Can. inc. taxes 868,125 523,250 360,730 Crl 26,850 $1,428,704 $847,054 $534,133 $41,602 $3.50 $2.07 $1.31 Net taxes exch. adj 9,193 profit ♦Earn, 6,896,874 ■______ per share— com. 408,658 shares in 1949; $1,348,364 its income— (no tLoss. par). tAfter $0.10 depreciation, $154,692 $131,370 in 1948 and $119,449 in 1947. 15,073 __ $1,363,437 gross Not Stated 1949 income income 276,362) and 443,710 ; L. of A. Young Industries subsidiary, have been consolidated of exchange profit Net 1946 $1,172,870) 310,881 $2,224,273 ___ NOTE—Operations $0.63 1947 $1,656,444 , Fed. a $83,453 $1.33 $2,609,955 income Total $8,245,237 and operating revenues Nonoperating revenues - ■ to revenues expenses 1948 sales— exps.__ lOperating profit Other Foreign Gross 1949 on admin, Int. given Net 66,223 - $176,209 (132.800 shrs. outstanding* 2440. p. at $1,000,000. has Deductions from Sarns. York) $149,676 ____ profit and ♦On 1,078,675 " _ Sell, 1980, par. __ income .Gross issue to due $1,228,351 1,163,081' . would EARNINGS Operating 1948 - $1,406,405 )perating expenses for SEC Operating 1949 - ■ revenues for hearing 1441. p. SEC bonds, 2%% common stock, $20 41 (L. A.) Young Spring & Wire Corp. (& Subs.)—Earns. Quarter End. Oct. 31— Gross principal amount. Since the total proceeds would exceed exception to the Commission's competitive bidding the company requests an exemption from the rule. stock The income (141) the U-50, parent, Net o-f $11,410 the to mortgage 50,000 additional shares The bonds would be sold by eductions CHRONICLE . and Net operating revenues-l tonoperating revenues FINANCIAL Privately— ■ $14,101,846 $12,448,245 12,480,715 11,604,559 — & Wisconsin Michigan Power Co.—Plans to Place Bonds Co.—Earnings— 30— revenues COMMERCIAL of prevailing $149,455 in during 1949; the the on periods, $135,945 in of Canada, basis and 1948, of Ltd., and official the rata year amounted $105,215 in to net a $5,405 1947, In $919,727 1441. STATE AND CITY 1946, after appropriate translation of Canadian assets and liabilities at for Oct. 31.—V. 170, p. 149. DEPARTMENT BOND PROPOSALS AND NEGOTIATIONS ARKANSAS ~ Delhi Bond Offering Herbert — [intil 10 a.m. (CST) on' Jan. 16 [or the purchase of $821,758 con¬ Tan. 16, 1950. )00. bonds. Due on 17 terest F-A. Le¬ Angeles County Sch. Dist. (P. O. Los Angeles), Calif. Bond Offering—Harold J. Ostly, County Clerk, will receive sealed bids until 9 a.m. (PST) on Jan. 10 for purchase of $1,948,000 school bonds, divided as follows: (State of) Bond Offerin g—Charles J. Johnson, State Treasurer, will s=ll at public [PST) auction Feb. 1 on 10 $1,030,000 Redondo a.m. 1 from welfare, coupon Feb. 1 from 1952 City on Feb. 1970 inclusive. S. Hart Union High Sch. Dist. bonds. Due Feb. in¬ 1971 to 1952 to 540,000 William registered bonds. Dated Feb. 1, )50. Denomination $1,000. Due >r >n Beach Sch. Dist. bonds. Due issue of $25,- an veterans' )00,000 at from 1 interest 378,000 El 1970 to in¬ clusive. Principal and office, or at the option of the holder, at the office of the fiscal agent of the State Treasurer County Clerk, will receive sealed bids until 10 (PST) on Jan. 11 for the purchase of $408,000 school coupon Feb. 1, 1950. Denomina¬ $1,000. Principal and interest (F-A) payable at the County Treasury, agencies Cloverdale, Calif. Ocean improvement of Bank, at Cloverdale, [aasis of about 2.40%, l%s. ?35,000 as from 1950 as 2I/4S. from 1957 to a 17 follows: Dec. 15 on 1956 (45,000 bids until for Due 1965 Due 2V2S. as 1966 from Dec. 15 Due Union Sch. High $200,000 the at office of the pay¬ County Bond Sale—The $575,000 school bonds offered Jan. 3 — 2628—were awarded to 170, v. the p. Bank bounty Clerk, will receive sealed >ids until 10:30 a.m. (PST) on ings Association, of San Francisco, and Associates, on a bid reflecting 10 for the purchase fan. school of $240,- Feb. 1 Principal lusive. and Mar Union Sch. Dist., San Diego County (P. O. San Bond Diego), Calif. Offering—T. «, H. - Sexton, lounty Clerk, will receive sealed ikls until 'ab. 6 for school 5, 1950. )ue on 10:30 the a.m. (PST) purchase bonds. Dated Denomination March 15 of from on $60,- March $1,000. 1951 to Principal and inerest (M-S) payable at the Coun962 inclusive. Treasurer's office. Legality pproved by Orrick, Dahlquist, y a bidder was & Co., William R. Co., and First of Michigan on a bid reflecting net interest cost of about 1.82%. Sacramento County Sch. Dists. (P. O. Sacramento), Calif. from 1952 Bank Wilmington. Delaware, Sch. Due on 1972 Dist. bonds. inclusive. Feb. 15,000 Elder bonds. 1952 to Dated tion $1,000. (F-A) from Creek Due on 1952 Sch. Feb. 1 to at the Bond awarded to the Bank National Trust & of America Savings Associa¬ tion, of San Francisco. Additional Sale The $24,000 — Pacific Sch. Dist. bonds offered date Witter were & Co., awarded to of San on Dean Francisco. Bond Offering Clerk of the until (EST) Jan. 17 for the 11 G. a.m. Feb. 1, 1950. Denomina¬ Principal and interest at the County payable and the the at First National Bank, of Boston, at the holder's option. Le¬ gality approved by Storey, Thorn- Stamford, Conn. Bond Offering—Robert Almond, Commissioner of Finance, will re¬ ceive sealed (EST) on $421,000 ded as bids until 3:30 p.m. Jan. 12 for the purchase coupon bonds, divi¬ $202,000 public 1949 from bonds. 1950 High Sch. improvement Due to 219.000 Walter 1959 R. on Chicago, III. City lard, ceive of bids sealed (CST) Dil- will until 11 re¬ a.m. Jan. 18 for the purchase on certificates Dated ness. ination Nov. Due 1959 Dated tional on Feb. 1 from 1950 to $1,000. 8 the 1, 1949. Denomina¬ Principal and interest payable at the First Na¬ building $1,000. Bank, of Boston. Legality by Ropes, Gray, Best, Coolidge & Rugg, of Boston. Due Feb. on 1 Bond 1950 170, Sale—The bonds IV2S, at about 31—v. awarded were — sewer Dec. Fox. Reusch & Co., of Jan. on of $50,000 Denomination bonds. Due from 1951 to 1970 in¬ Iowa (State of) Bond Sale—The ice 170, v. — Warrant a to Co.. port, 2 re¬ on Dec. 31, Indiana $75,000 bridge 1949 bonds offered Jan. 3—v. 2629—were Point, as awarded Bank, Is, at to of bidder 170, the Crown was The & of School Trustees, will receive sealed bids were rejected. as to of $15,000 offered Shaw, Des price of con¬ 29 Dec. McDer- Moines, as par. Knoxville, Bank Iowa Offering City Boehm, and Clerk, — bids open Harold J. will receive until 7:30 (CST) on Jan. 9 for the pur¬ chase of $38,000 sewer improve¬ p.m. Due bonds. on Dated Dec. 1, 1949. May 1 from 1950 to 1958 inclusive. Legality approved by Bannister, Carpenter, Ahler & Cooney, of Des Moines. KENTUCKY Carrollton Indep. Sch. Dist., Sale Ky. The $60,000 im¬ provement bonds offered Jan. 3—• v. Sold—The works revenue not sold a Bond $140,000 1949 bonds offered Dec. 20—v. 170, p. 2379— were Co.. sec¬ Milan, Ind. water bonds awarded 2%s, at District, Iowa The — Union Na¬ price of 100.30. Not price of 100.03, a School Sale mott tional Bank, East Chicago, for Is, a &- price of 100.40, a basis of about 0.90%. ond highest 1V4S, at as Irwin ment Sale—The Bank Des p.m. County (P. O. Crown Point), Bond of basis of about 1.24. a sealed Lake both were until Due 1950. National Vieth, Duncan & Wood, of Daven¬ (CST) on Jan. 13 for the purchase $300,000 time warrants. Dated 13, National Moines Central of Jan. were Bank, all of Chi¬ Iowa-Des cago. struction Offering—B. A. Bochbids — Bank, North¬ Continental Ill¬ Co., National Bond Chicago, Ind. sealed 2481 p. serv¬ offered syndicate composed a Trust ern inois basis nowski, City Controller, will ceived bonds Cincinnati, price of 100.01, a $8,750,000 compensation of the First National 1.49%. East Bonds Stanton Sch. Dist. No. 38, Del. Bond Offering — Ernest Lacey, (CST) Moines, White-Phillips Co., of Davenport, City National Bank, American National Bank, both of Chicago, $19,000 offered 2481 p. approved DELAWARE Sch. Dist., Iowa p.m. Bank, INDIANA at of clusive. indebted¬ of Centerville, Ind. a basis a purchase Trust Commercial Nov. Chairman of the Board until for Jan. 5 p. 100.46, Offering—Earl awarded to Junior Equipment bonds. Nov. .17 1, 1950. Denom¬ the 1 inclusive. Co., of Detroit, as 2s, of 1.92%. from 1965 to 1967 inclusive. Prin¬ of offered $5,000,000 water works system revenue as $36,000 im¬ bonds awarded to Frank E. were IOWA bids Comptroller, inclusive. Dolan about The — 1949 Colwell Con. 1950. follows: Le¬ A. Kiess, Secretary of the Board of Direc¬ tors, will receive sealed and open Certificate Offering—J. H. dike, Palmer & Dodge, of Boston. of Sale price a jail bonds. ILLINOIS nomination $1,000. 1951 to 1970 inclusive. Prin¬ at inclusive. Schererville, Ind. Bond 1, 1950. De¬ Due on Feb. 1 (F-A) payable City Treasurer's office, or 1966 purchase of $500,- court house on Dated to County Commission¬ Cutler, of Chicago. bids 1951 will receive sealed bids until ers, 000 at receive Conn. , Crim, gality approved by Ross, McCord, Ice & Miller, of Indianapolis. Hailstone & Lois Parham, — Huntley, Director of Finance, will sealed from Dec. 19 County (P. O. Cedartown), Ga. at Offerin g—Herbert Ind. bonds. Dated Jan. 1, 1950. Denom¬ ination $1,000. Due on July 1 provement (F-A) payable City Treasurer's office, or at the office of the fiscal agent of the City in New York City. Le¬ gality approved by Chapman & New London, Castle), until 1 p.m. (CST) on Jan. 12 for the purchase of $330,000 building cipal and interest CONNECTICUT Bond New Secretary of the Board of School Trustees, will receive sealed bids t GEORGIA Sale—The $69,000 Sutter- ville Heights Sch. Dist. bonds of¬ fered Jan. 4—v. 171, p. 48—were Dist. from 1966 inclusive. Feb. isco. 1 Legality O. Bond OfferingWames O. approved by Robert C. Barab, of County Sch. Dists. (P. O. Sacramento), Calif. (M-N) $70,000 Arden of Sacramento vided follows: State Polk tion $1,000. as the of to County Treasurer's office. Legality ap¬ proved by Orrick, Dahlquist, Neff & Herrington, of San Francisco. Bond Offering — C. C. Larue, County Clerk, will receive sealed bids until 10 a.m. (PST) on Jan..9 for the purchase of $85,000 school coupon or registered bonds, di¬ leff & Herrington, of San Fran- highest Witter Corp., jointly, County . Del second Staats interest the payable at Yeasurer's office. F-A) net interest cost of about 1.38%. Dean Due 1967 in- 1956 to from a The Dated Aug. 1, Denomination $1,000. 947. in bonds. (M-S) Farmers 1950. Denomina¬ payable Principal and payable at the Castle-Henry Twp. Sch. Corp• (P. Bond cipal and interest of America National Trust & Sav¬ lOO inclusive. interest from Offering—E. Dusenberry, Bond 1972 to $1,000 and March 1 from 1951 on bonds. bonds. Dist., Fresno), Calif. Due Jan. 10 for the purchase of $132,000 Series No. 11, coupon City Elementary School District, San Mateo County (P. O. Redwood City), Calif. O. (P. County of 1, Redwood |ion $1,000. Fresno Feb. Dated New Wilmington. Dist. 1 bonds. March 1, 1950. Denoms. $100. $1,000. Principal and interest (F-A) Jan. Dated Jan. 1, 1950. from registered or inclusive. Dated tion Feb. on 1968 Sch. Treasurer. inclusive. J Dated Dec. 15, 1949. DenominaClovis purchase on 1 Principal and interest (F-A) on Dec. 15 inclusive. on 1973 to the (PST) a.m. Feb. on Denomination $1,000. Due on Feb. 1 from 1951 to 1964 inclusive. inclusive. able ! 89.000 10 Due Robla Bond Offering—L. E. school bonds. Due to 100.01, as Ventura di¬ 1952 to 1975 inclusive. 28.000 Hallowell, County Clerk, will receive sealed as 170, p. 2628, v. price of a Sch. Dist., bonds, follows: bonds. same View registered or as County (P. O. Ventura), Calif. • sold /ere of of the fiscal County in New any $169,000 bonds purchased by the First Na¬ [ireviously noted in at the or York City. Bond Sale Details—The tional from a.m. $380,000 Folsom Unified Sch. Dist. Dist. 1 Dated Herrington, of San Francisco. sewer Sch. Feb. on tion New York City. Legality ap¬ proved by Orrick, Dahlquist, Neff and Due 1952 to 1970 inclusive. (n [water Monte bonds. irer's C. Barab, Bldg., 10th and pon County Sch. Dists. (P. O. Sacramento), Calif. Offering — C. C. Larue, clusive. [F-A) payable at the State Treas- 1952 on office of Robert the at 614 Industrial Trust Shipley Streets, Wilmington, at noon (EST) on Jan. 27 for the pur¬ chase of $130,200 school 1950 cou¬ vided Los Rock. CALIFORNIA California $50,000 15, 1950. 15 from 1951 to 1975 inclusive. In¬ gality approved by Rose, Dobyns, Meek & House, of Little Dated Feb. ap¬ Bond Jan. on Denomination $1,000. Due on Feb. Jan. 15 from 1951 to Interest J-J. the (PST) purchase of a.m. school bonds. Dated Denomination $1,- L970 inclusive. for 11 Legality Sacramento Bond Offering—R. W. Cothran, County Clerk, will receive sealed bids until office. proved by Orrick, Dahlquist, Neff & Herrington, of San Francisco. , Secretary of the Board of >irectors, will receive sealed bids coupon Treasurer's Sch. Dist., County (P. O. Merced), Calif. A. iwis. struction Elementary Merced ?ayetteville Sch. Dist. No. 1, Ark. all bids received 171, J. J. ville, a 48—were awarded to & Son, of Louis¬ Hilliard as 2V?s, at a price of 102.83, basis of about 2.20%. ond Long a p. — highest bidder was The sec¬ Russell, & Burkholder, for 2V2S, at price of 102.81. 42 COMMERCIAL THE (142) CHRONICLE FINANCIAL & LOUISIANA Avoyelles Parish, Sch. Dist. No. ; 1 Bond Sale — The $1,500,000 iSdhool bonds offered Jan. awarded to 3 were the National Bank of Commerce, of New Orleans, and .fissociates, on a bid reflecting a interest cost about of The second highest der was tonport Bank, Cottonport, and the Moreauville State Bank, Moreau- ville, jointly, for 4s, 2%s and at a price of 100.25, a basis of al50Ut 2.69%. bids for Board of Com¬ missioners, receive sealed folds until 11 p.m. (CST) on Feb. 14 for the purchase of $190,000 public improvement bonds. Dated Ajoril 1, 1950. Denomination $1,(100. Due on April 1 from 1952 to Interest A-O. £970 inclusive. Le¬ C. gality approved by Dudley Foley, Jr., of New Orleans.. sive. Offering—Tanzay Veillon, Secretary of the Police Jury, will receive sealed bids until 10 a.m. (CST) on Feb. chase of $190,000 1, 1950. Feb. Dated bonds. ment 14 for the pur¬ public improve¬ within interest crued date Principal interest and (J-J) payable at the option of the at the Chemical Bank & holder New York City, Co., at or the Security National Bank, Bat¬ tle Creek. approved by Legality Chapman & Cutler, of Chicago. Crystal Lake Twp. Sch. Dist. (P. O. Frankfort), Mich. Bond Offering—Grace Watson, Secretary of the Board of Educa¬ tion, will receive sealed bids until Due on 8 p.m. (EST) on Jan. 12 for the inclusive. purchase of $300,000 school coupon Dated Jan. 1, 1950. Interest F-A. De¬ Legality approved bonds. fey Dudley C. Foley, Jr., of New nomination $1,000. Due on July 1 Denomination $1,000. Feb. 1 from 1952 to 1970 ^Orleans. Ville Platte, , La. 1951 maturing foids until 1 p.m. sealed receive will Mayor, Fas, R. Le- Offering—Harvey (CST) Jan. 30 on purchase of $430,000 pub¬ improvement bonds, divided, order on lic after fixed 1 Series equipment, and stations department fire SO,000 B bonds. district No. 1 bonds. flo Feb. Denomina- 1950. 1980 to F-A. 1, Due on Feb. 1 from inclusive. Interest $1,000. 1952 Legality approved by Dudley d Foley, Jr., of New Augusta, Offering Orleans. Me. 1958, but prior to July 1, 1960. $5 on each bond called for redemp¬ tion $350,000 notes. Due on Sept. 21, Oct 13, Nov. 15 and Dec. 29, 1950. by approved Ely, Bar¬ rett, Thompson & Brown, of Bos¬ ton. MASSACHUSETTS 1962. No pre¬ paid on bonds called for redemption on or after prior Cambridge Housing Authority, shall Note Offering—John J. Board, 18 the Hagerty, State Tremont Hous¬ Street, Boston, until 11 a.m. (EST) on -Jan. 12 for the purchase of $575,<100 First Series notes. Dated Jan. £3, 1950. Due on Jan. 23, 1951 Principal and interest payable at Second National Bank, of Bos¬ order $25,000 tuber¬ on on follows: as called bond bond so re¬ $20 on each Tor redemption prior $40,000 thereof redemption 15, 1949. Denomina¬ after or on par interest accrued and Nov. lison-Williams apolis, a of Minne¬ price of 100.23, Co., 2.80s, at as a basis of about 2.77%. t Ramsey County Com. Sch. Dist. No. 21 (P. O. St. Paul), Minn. f Bond Sale—The $50,000 refund¬ ing bonds offered Dec. 29—v. 170, j p. 2630—were awarded to Piper, ? Jeffray & Hopwood, of Minneapo¬ lis, and the Caldwell, Phillips Co., of St. Paul, jointly, as 1.90s, at a 4 price of 100.14, a basis of about 1.81%. MISSOURI ; Kirkwood, Mo. Bond 1, 1957, but before Nov. 1, 1961; $15 if called for redemption on or fund¬ park Sale—The public $21,000 offered Dec. bonds 29—v. — 1, 1953, at Sept. interest to the demption, plus bond to and accrued tional Bank, of Three Rivers, as re¬ previously noted in v. 171, p. 49— premium for each were sold as 3s, at a price of par, par a redeemed so As follows: as each bond called for redemption on after Sept. 1, 1953, but or prior As to each to March 1, 1954, $10. for redemption called bond March after March 1, Principal and interest (M-S) Legality approved by Alexandria, Certificate fered were Sale Dec. The 170, purchased andria State p. by the Bank, 2481— Alex¬ Alexan¬ receive will 7 until bids sealed on Jan. 16 for the $65,000 street im¬ provement coupon bonds. Dated June 1, 1949. Denomination $1,- (CST) p.m. purchase of 000. Due 1952 inclusive. terest on June (J-D) Treasurer's from 1 1950 to Principal and in¬ payable office. at the City Legality ap¬ proved by Chapman & Cutler, of Chicago. .* Norton Twp. Sch. Dist. No. 4 (P. O. Muskegon), Mich. Bond Offering—Edwin District ceived until bids Jan. nomination $1,000. 1 from 1951 to bonds 8 be shall merical 1958 in callable order Due on 1962 inclusive. maturing in to inverse Oct. on tal bonds. 1, pm. Oct. The 1962, nu¬ 1953, Dated Jan. 15, 1950. De¬ nomination $1,000. Due on Jan. 15 1966 inclusive. Prin¬ 1952 to cipal and interest payable at or any Neb. Sale—The $248,000 offered were Dec. any 29—v. Pav¬ to 33 bonds 170. p. 2630—• awarded to the KirkpatrickStern City, bid reflecting a net Co., of Omaha, and & Co., of Kansas Bros. on a cost of about 1.34%, as follows: $103,000 district bonds. 145,000 intersection The bonds. second highest bidder was f Bosworth, Sullivan & Co., and | Central Republic Co., Chicago, j jointly, on a bid reflecting a interest cost of about 1.37%. net i; }| suitable banking institution des¬ ignated by the purchaser. Legal¬ ity approved by Dorsey, Colman, Barker, Scott & Barber, of Min¬ land, County Auditor, will receive sealed bids until 11:30 Jan. on 10 for the a.m. 000 Principal and interest pay¬ able at any suitable bank or trust company chaser. designated Legality $150,- park bonds purchased by the National f Bank, and the National Bank, Fremont, jointly, as in both of ; v. viously noted 1(4s, as pre¬ 170, p. 2630, v/ere sold at a price of par, and mature Jan. 3, 1955. of Jan. 1 from 1951 to 1958 inclu¬ sive. Details—The (CST) purchase $8,000 drainage bonds. Dated Jan. 1, 1950. Denomination $1,000. Due on Neb. Fremont, Sale Bond Fremont Dodge County (P. O. Mantorville), Minn. Bond Offering—Arthur Lamp- re¬ interest date thereafter, at par and accrued interest to the date fixed for redemption, plus a on Village Clerk, will receive sealed bids until 8 p.m. (CST) on Jan. 11 for the purchase of $75,000 hospi¬ from Bond Stephens for 10 Stafford, F. purchase of distribution main NEBRASKA interest Minn. Offering—A. water jointly, neapolis. the pur¬ chase of $220,000 school coupon bonds. Dated Dec. 15, 1949. De¬ on Bond Jorgen- will Secretary, sealed (EST) Bank, Alexandria. — Buffalo, Town the Alliance, Pettis National Joseph A. Michela, Chief Accounting Officer, The ~ ing Districts Nos. 31 11,000 purchased by the Farmers Mountain, Mich. Offering for 27 of¬ awarded as 3s, as follows: $11,000 Jan. $22,000 certificates 28—v. Mont. Offering bonds. dria. Iron Bond Clerk will receive sealed bids un¬ $12,500 Minn. — extension sewer Detroit. Bond MONTANA Melstone, $500, MINNESOTA Miller^ Canfield, Paddock & Stone, of of til payable at the First National Bank of Holland. denomination except one for $96.70, and mature F/eb. 1 from 1950 to 1959 incl. or on 1956, $5. No premium shall be paid on bonds called for redemption on or after March 1, 1956. the in are 1954, but prior to 1, Feb. 1 from 1951 to 1965 inclusive. fixed for date by the approved pur¬ by NEW HAMPSHIRE Coos County (P. O. Note Sale—The Berlin), N. H. $150,000 notes offered Jan. 4—v. 171, p. 50—were awarded to the First National Bank, of Boston, at 0.89% Franklin, N. dis¬ H. count. Faegre & Benson, of Minneapolis. Note Sale—The $150,000 notes redeem¬ Goodhue County Indep. Sch. Dist. offered Jan. 5 were awarded to ed as follows: No. 68 (P. O. Zumbrota), $25 on each bond the Second National Bank, of f; Minnesota called for redemption on or after Boston, at 0.79% discount. Oct. 1, 1953, but prior to Oct. 1, Bond Offering—Joseph JacobNotes are dated Jan. 6, 1950. I 1955; $20 on each bond called for son, District Clerk, will receive Denomination $25,000. Due on! redemption on or after Oct. 1,1955, sealed bids until 1 p.m. (CST) on Dec. 15, 1950. Legality approved but prior to Oct. 1, 1957; $10 on Jan. 12 for the purchase of $155,each bond called for redemption 000 building bonds. Dated Jan. 1, by Ropes, Gray, Best, Coolidge & f Rugg, of Boston. on or after Oct. Denomination $1,000. 1, 1957, but prior 1950. Due to Oct. 1, 1959. No premium shall on Jan. 1 from 1953 to 1974 inclu¬ Merrimack County (P. O. be paid on bonds called on or sive. Bonds maturing Jan. 1, 1971, Concord), N. H. after Oct. 1, 1959. Principal and and thereafter will be subject to Note Offering—John H. Noble, interest (A-O) payable at the Na¬ redemption on Jan. 1, 1965, and County Treasurer, will receive tional Lumberman's Bank, Muske¬ any interest payment date there¬ sealed bids until noon (EST) on gon. Legality approved by Miller, after at par and accrued interest. Jan. 12 for the purchase of $350,- I Canfield, Paddock & Stone, of Principal and interest payable at 000 tax anticipation notes. Dated premium of each bond so - July 1, 1955. $15 on each bond called for redemption on or after 1, 1955, but prior to July 1, $10 on each on but prior to shall mium called for terest by each bond called for or after July 1, on prior but on trust at payment to ^Gloucester, at 0.68% discount. The Beverly each for premium deemed July isecond highest bidder was Bever- interest any or and par 49—were awarded to the Cape Ann National Bank, of p. 1963, after July 1, 1953, at accrued interest to the date fixed for redemption, plus a date $5 maintenance re¬ newal loan notes offered Jan. 3— 0.69%. in 1954 to maturing demption hospital Bank, inclusive. 1963 to be redeemed at the option of the District in inverse numerical 1957, County (P. O. Salem), Mass. National 1950 from redemption jrahan, of New York City. lv: Anson D. (EST) on Jan. 11 for the purchase of $100,000 school coupon bonds. Dated Feb. 1, 1950. Denomination $1,000. Due on July 1957. 171, — until 8 p.m. J i!v v. Mich. Grimes, Secretary of the Board of Education, will receive sealed bids Donovan, Hennehan & Han- Sale—The Offering Bond Legality approved by Sulli¬ Note 15), Lansing van, culosis Sch. Dist. No. 10 (P. O. Elizabeth Road, 4538 ton. Essex 1, be may Chairman, will receive sealed bids I Sale—The ing bonds offered Dec. 28—v. 170, p. 2629—were awarded to the Al¬ 170, p. 2630 — were awarded to Interest J-D. Legality approved by Miller, Canfield, after Nov. 1, 1961, but 1 before Blewer, Heitner & Glynn, of St. Louis, as lVss, at a price of 100.04, Nov. 1, 1965; $10 if called for re¬ Paddock & Stone, of Detroit. The sec¬ demption on or after Nov. 1, 1965, a basis of about 1.11%. Holland School District, Mich. but before Nov. 1, 1969; $5 if ond highest bidder was MissisBond Offering—John Olert, Dis¬ called for redemption on or after sinpi Valley Trust Co., St. Louis, trict Secretary, will receive sealed Nov. 1, 1969. Principal and inter¬ for lVss, at a price of par. bids until 7:30 p.m. (EST) on Jan. est (M-N) payable at the Detroit Ladue, Mo. 26 for the purchase qf $650,000 Trust Co., Detroit. Legality ap¬ Bond Sale The $150,000 fire school coupon bonds. Dated Sept. proved by Claude H. Stevens, of station and city hall bonds of- | 1, 1949. Denomination $1,000. Due Berry, Stevens, Barbier & Evely, fercd Jan. 4 were awarded to the ; on Sept. 1 from 1950 to 1957 inclu¬ of Detroit. Mercantile-Commerce Bank & i sive. Bonds maturing in 1954 to Trust Co., and Smith, Moore & { Three Rivers, Mich. 1957, will be subject to redemption Bond Sale Details—The at the option of the District, in in¬ $13,- Co., both of St. Louis, jointly, as j 1 Fts, and lV»s, at a price of 100.12, | verse numerical order on paving special assessment any in¬ 596.70 a basis of about 1.34%. Due on terest payment date on or after bonds purchased by the First Na¬ son, Bonds Massachusetts of July to Delta Twp. 1 office 1, 1960 but after July or on Alfred J. La- — City Treasurer, will receive bids until 11 am. (EST) Jan. 10 for the purchase of ing bond after 1956 but prior to July 1, 1958. $10 on each bond called for redemption on or after July 1, .sealed the each on July 1, 1962. Interest J-J. Le¬ gality approved by Miller, Canfield. Paddock & Stone, of Detroit. •casse, ^Legality $15 1956, 1, called for redemption on or inclusive. tion $1,000. date $20 on each bond redemption prior to for mium IY1A1NE JNfote July the to July 1, 8.90,000 sewerage Dated called lf, 1954, at par interest redemption, plus a pre¬ each bond so redeemed for follows: as July accrued mium for $190,000 sewers and sewerage dis¬ posal works, Series A bonds. 1966, interest payment date an on or and follows: in 1955 to District the JEor the -as to be redeemed at the option of in inverse numerical may Bond inclusive. 1966 from Bonds • 1954 for redemption, plus a mium. 1, 1957, at the Minn. schedule, to wit: $20 if called for Dated Dec. fixed premium of $30 if redeemed in 1955, and at a premium reducing by $2.50 in each year thereafter, so that the bonds may be redeemed on Jan. 1, 1967, without payment of pre¬ after Nov. and on to on 1950 from 15 Dec. Due any the to dates payment value plus a premium on each bond in ac¬ cordance with the following 1954 inclusive, interest payment at par plus ac¬ on any thereafter, Nov. 1 from 1951 to 1973 inclu¬ on 80,000 street improvement bonds. maturity be selected by lot, on July 1, bondes p.m. (EST) on Jan. purchase of $425,000 water coupon bonds. Dated Feb. 1, 1950. Denomination $1,000. Due 8 the interest $90,000 sewer construction bonds. Due on Dec. 15 from 1950 to 1950 to 1967 inclu¬ Bonds maturing in 1956 to from 1967, shall be callable for redemp¬ tion at the option of the City in inverse order of maturities with Tiust JErJangeline Parish Road Dist. No. 6 (P. O. Ville Platte), La. Bond 1 follows: as Dated Dec. 1, 1949. $1,000. Due on Denomination July 1949 revenue sewer bonds. coupon 1955, and the will of and water until for (P. O. Ill Dist. No. Bond Offering—Douglas Taylor, Village Clerk, will receive sealed bids Woods County Indep, the of Sch. Mich. Shores, Clair St. Bond will Cldrk, Lake Baudette), bids until 3 p.m. sealed will receive, sealed until noon (EST) on Jan. 17 the purchase of $1,150,000 daie Offering—Jack C. Fruge, Bond Stanton Kil- of receive sive. Bonds maturing in 1970 to (EST) on 1973 will be subject to redemp¬ Jan. 16 for the purchase of $170,tion prior to maturity, at the op¬ 000 special assessment, Second Se¬ tion of the Village, in inverse nu¬ ries of 1949 coupon bonds, divided merical order, on any one or more City patrick, M. Boos, Clerk, City to ,. Mich. Rapids, Bond Offering—R. Creek, Mich. Battle Bond Offering—Joseph basis of a Detroit, jointly, 102.00, a basis of of Co.; I . about 3.15%. 49 p. & price a 17 Grand MICHIGAN the Evangeline Parish Gravity SubDrainage District No. 1 (P. O. Ville Platte), La. 100.08, of price a at awarded to Salomon Bros. about 1.21%. 0.65%. a 171, Q Hutzler, of New York, as 114s, 6 at The second highest Day Trust Co., Boston, at was Series bonds offered Jan. 3—v. of Boston, at 0.63% bid¬ tional Bank, discount. Siler $760,000 street assmt., spec, —were 2.67%. bidder syndicate composed of the Equit■ii-fole Securities Corp., John Nuveen & Co., Scharff & Jones, White, Hattier & Sanford, Barrow, JLeary & Co., Glass & Co., Weil & Arnold, Howard, LaBouisse, Friedrichs & Co., John Dane, Cot- -Secretary paving $275,000 notes offered Jan. 3—v. 171, p. 49—were awarded to the Merchants Na¬ La. Mich. Sale—The Bond Sale—The Note (P. O. Narksville), Cambridge), Mass. East Con. Detroit, O. Middlesex County (P. New 1950 ; !, Monday, January 9, : . to or July called bond 1, 1959, for re¬ after July 1, 1959, redemption on or after 1961. Principal and in¬ (J-J) payable at a bank or 1. company the proved Miller, dock & Stone, of designated Legality ap¬ be to purchaser. bv Detroit. July 1, 1961. No pre¬ be paid on bonds Canfield, Pad¬ Detroit. Bond pany Mich. Sale—The $271,000 water refunding bonds offered Dec. 29—v. 170, p. and 2481 sewer — were revenue awarded to Otis both of Cincinnati, Kinney, Minn. Bonds & Co., of Cleveland, Fox, Reusch & Go., Cincinnati Municipal Bond Corp., suitable bank or trust com¬ Jan. 13, 1950. Due on Dec. 15, 1 designated by the purchaser. 1950. Legality approved by Storey,, Legality approved by Faegre & Thorndike, Palmer & Dodge, of Benson, of Minneapolis. Boston. any Roseville, and Not water system 27—v. 170, as p. Sold—The $17,500 bonds offered Dec. 2629—were not sold all bids received were rejected. NEW JERSEY East Bond Rutherford, N. - J. Offering—William E. De- Nike, Borough Clerk, will receive Volume 171 Number 4871 THE sealed bids until 8 p.m. (EST) on Jan. '16 for the purchase of $208,0G0 coupon divided $9,000 registered or I slip improvement 71,000 g B 50— price of improvement, C 1 to 1962 bonds. inclusive. of order the at Bonds bids until for II Dec. to interest Dated Dec. .due are Dec. on interest 1 i e r sealed (EST) of Bond ceive bids until 8:30 re¬ to p.m. (P. O. bonds offered awarded to R. D. 30 Dec. at New were Bonds dated are Denomination from 1 July 15, $500. ' Due 1950 1965 to on able the at Northern Note & pay¬ York Co., Adams Branch. Legal¬ ity approved by John W. Kellogg, Watertown. J Village Treasurer, I. will Co., of Utica, on behalf City, will receive sealed noon (EST) on. Jan. 11 for the purchase of $2,000,000 an¬ ticipation notes. -Dated Jan. 12, 1950. Denomination $50,000. Due on July 12, 1950, Legality-ap¬ proved by Vandewater, Sykes, Heckler & Galloway, of New York City. -- 1949 Dated tion Dec. 1950 to Due 1953 on and interest. (J-D) National Somerset Dec. 15 from inclusive. Principal payable at the Bank, Barker. Legality approved by Vandewater, Heckler & Galloway, of New York City. ;Sykes, CAROLINA NORTH receive registered bonds. 15, 1949. Denomina¬ $1,000. the Price, sealed bids until 4 p.m. (EST) on Jan. 13 for the purchase of $4,000 water - extension — $4,200 water offered bonds; 1949 50—were award¬ City National Bank, of Binghamton, as 2s. The second Jan. 5—v. 171, p. ed to the highest bidder was the First Na¬ tional Bank, Binghamton, for 2V4S. and Harford Central Sch.Dist. No. 1 (P. O. Dryden < Dryden), N. Bond Sale—The Y. $52,000 build¬ until a a The sec¬ highest bidder was Roosevelt Cross, for IV2S, at a price of 1C0.32. from 1 1951 Principal to and 1973 interest Bond 11 E. (EST) a.m. Sale—The Miller & 21£s, at $95,000 Raleigh, a on Jan. 10 bidder Due June inclusive. from 1 1952 The bonds after June to County which receive sealed bids noon Dated Jan. 1950. 1, De¬ 1951 to 1973 inclusive. In¬ terest M-S. (P. O. Offering—W. E. Grove of the Local Sch. Dist., ernment sealed (EST) chase Jan. on of 16 of $70,000 Education, for Dated Denomination Dec. 15 clusive. noon the pur¬ building, unlim¬ bonds. tax 1949. from 1951 Principal Dec. $1,000. to 15, Due 1965 at his office in Columbus Grove. Legality approved by Squire, Sanders & Dempsey, of Cleveland. Sale—The Dec. a.m. (EST) on Jan. purchase of $1,000,000 school building, Series A coupon for the bonds. Dated nomination from Dec. $1,000. 1951 to 1, 1949. De¬ Due on June 1979 able in New City. Legality approved by Mitchell & Pershing, ot New York N. Green Spec. Local Sch. Dist., Ohio Bond Sale $15,000 im¬ 170, p. 2631—were awarded McDonald & Co., of Cleveland, —v. to 2s, at as price of 100.10, a of about 1.98%, bidder for 2V4s, at (P. basis a The second high¬ J. A. White & Co., was Hartford price of 101.06. a D. R. Sale — $202,375 170, notes $25,000 im¬ basis of about 2.18%. Hubbard School District, Bond Sale building bonds Ohio $1,000,000 offered Jan. 5 & Co., of Chicago, W. E. Hutton & Co., of New York, Raffensperger, Hughes & Co., of Indianapolis, and Fox, Reusch & Co., of Cincin¬ jointly, as 2%s, at a price of 102.16, basis of about 2.30%. a Lakemore, Ohio Bonds water $7,000 works bonds has been sold privately to Mr. Frank Zindel, of Lakemore, as 3%s, at a price of par. Madison Local Sch. Dist. No. 102 notes. No. Winchester Bank, of Canal Win¬ chester, and Associates, as 21/4S, price of 101.57, a basis of about 2.10%. The second highest a bidder Braun, for 2%s, was Inc., Bosworth highest bidder interest, plus $10,956. a Bond v. 170, A. Co., of & Doylestown, Twp. (P. O. Moorefield), Ohio New Sale 170, v. — 2483—were awarded to p. McDonald & l%s, at Co., of Cleveland, as price of 101.01, a basis The second high¬ a of about 1.58%. est bidder for was P/4S, at a Bond bonds'offered Dec. Trainer, ceive 3.19%. sealed — Clerk, until will receive (EST) on p.m. of of District, Village Ohio Bond Offering—Joe Reed, Clerk the Board of Education, will sealed bids until noon Dated Jan. 16, 1950. Denomination $1,000. to Due 1975 on Oct. from 1 1951 inclusive. Interest A-O. Western Local Sch. Dist. (P. O. Rutland), Ohio Bond Clerk will Offering—G. of the (EST) purchase of Jan. until 27 for 7 the $65,000 site acquisi¬ building coupon bonds. 1, 1950. Denomination Due on Nov. 1 from 1951 and Dated Jan. $1,000. to on Thomas, Education, bids sealed p.m. F. Board of receive 1970 inclusive. Principal and payable at the Rathburn's Bank, Rutland. interest Westerville Exempted Village School District, Ohi<d Bond Sale—The struction 170, v. bonds p. $230,000 offered con¬ Jan. 3— 2631—were awarded to Stranahan, Harris & Co., Inc., and Ryan, Sutherland & Co., both of Toledo, jointly, as 2V4S, at a price of 102.19, a basis of about 2.04%. The second highest bidder was Ohio Co. of Columbus, for 21As, price of 101.72. a OKLAHOMA ment Principal and payable at the Vil¬ Treasurer's office. Legality County Indep. Sch. Dist. No. 16 (P. O. Stillwater), Okla. Bond Sale—The $212,000 con¬ struction bonds bonds. Dated Dec. $813.66. to $1,000 Due 1970 on bid reflecting a net interest about 1.72%. Due from a cost of 1953 ond 1969 to inclusive. highest bidder cost of about one Sale—The $300,000 build¬ at a price of Columbus, as 2^s, of 101.43, a basis of about 2.11%. sec¬ R. J. Ed¬ 1.72%. Okla. $50,000 exten¬ sion and improvement bonds of¬ fered Sale—The Dec. 14—v. 170, p. 2383— Small-Mil- awarded burn Co., of Oklahoma City. to the OREGON Coos County Sch. Dist. No. 41C (P. Bond O. Myrtle Point), Ore. Sale—The $267,000 school bonds offered Dec. 29 were award¬ ed to Blyth & Co., and the United National Bank, both of States Co. The was wards, Inc., and First Securities Co., of Kansas, Wichita, jointly, on a bid reflecting a net interest 1 from Interest Lexington Exempted Village School District, Ohio Bond 3— 1, 1949. cinnati. New Jan. were except Dec. inclusive. offered 171, re¬ (J-D). Legality approved by Peck, Shaffer & Williams, of Cin¬ Dec. 15 from 1951 inclusive. Payne noon purchase of $4,000 improvement bonds. on will until (EST) on Jan. 18 for the purchase $32,813.66 water works assess¬ 1951 Paul Holtzap- noon Clerk, bids approved by Peck. Shaffer & Wil¬ liams, of Cincinnati. County 2 Barton, Exempted School Bond Ohio Ohio until & Temple, lage Auditor, \ Carson, Evatt of for Ohio 100.19. Offering—Katherine Village Denomination Due J. A. White & Co., price of Interest (J-D) Schulz, (M-N) payable Bank, Sunbury. by Bricker, approved Versailles 011 The bids of the Farmers p. 51 — were awarded to Stern Bros. & Co., of Kansas City, Moorefield Ohio w^re awarded to J. A. White Co., of Cincinnati, as 3V4S, at price of 100.28, a basis of about bids im¬ Co., of Cincinnati. Morrow, Elida, Bond Offering $10,000 $20,000 fire apparatus bonds offered Dec. 29— Bond Sale—The $4,554.34 street Village The 2483—were awarded to p. White Bond Cincinnnati, as price of 102.05, a basis improvement — Village Clerk, will receive sealed at, the office for Columbus. at Sale of about 2.36%. 1954 price ing bonds offered Dec. 26—v. 170, p. 2631 — were awarded to the Bond Offering—Norman the v. Inc., at premium of Bond Sale—The $25,000 build¬ ing bonds offered Jan. 2—v. 171, p. 50 — were awarded to J. A. to a was Crosby Twp. Local Sch. Dist. (P. O. R. 1, Harrison), Ohio sealed 13 nomination $1,000. Due on Nov. 1 from 1951 to 1975 inclusive. Prin¬ Mesopotamia Twp. Local Sch. Dist. J. notes. 6% ple, at Jan. on purchase of $110,000 building bonds. Dated Nov. 1, 1949. De¬ Sale—The $550,000 build¬ bonds offered Jan. 4—170, p. ing (EST) noon the (P. O. 2630--were awarded to the Canal Stranahan, Harris & Co., a until provement bonds offered Jan. 3— Se¬ improvement 101 second & BondOff ering —J. Russell Cring, Clerk of the Board of Edu¬ cation, will receive sealed bids (P .O. Mesopotamia), Ohio 173,000 street White Sunbury Local Sch. Dist., Ohio Groveport), Ohio Bond May 1 and inclusive. on Interest M-N. tion Sold—An issue of Due of awarded to John Nuveen were construction, Series sewer ries 000 and $500. Nov. 1 from 1951 to 1970 (EST) on Jan. 15 for the purchase $410,000 improvement bonds. Village The — Education, $180,000 building bonds. Dated 1, 1950. Denominations $1,- receive Exempted of Jan. offered Dec. 28 170, p. 2382—were awarded Ryan, Sutherland & Co., of To¬ ledo, as 2y4s, at a price of 100.42, Co., a Hugo Miller, — Board Jan. 16 for the purchase Legality 101.46. follows: on —v. & The of the Marburger, The provement bonds of & Offering of (EST) at 1, Burghill), Ohio Bond Cleve¬ 31 Bond cipal and interest Twp. Local Sch. Dist. O. awarded to the First $1,000. Dak. The — provement bonds offered Dec. 29 Dated Dec. 15, 1949. Denomination NORTH DAKOTA Leipzig, inclusive. Legality ap¬ by Peck, Shaffer & Wil¬ liams, of Cincinnati. Corp., of Cleveland, at 6% in¬ terest, plus a premium of $15,887, water works New 1954 at Ohio 29—v. Jan. 25 for the Cityr^ bonds. Dec. 1 from 1951 on proved 2631— pay¬ York improvement 1, 1949. Denomination Due p. inclusive. Principal and interest (J-D) Jan. 17 for the purchase on $4,000 to interest and (J-D) payable at the Union Bank Ral¬ eigh, until 11 17 of in¬ Co., Commission, will receive bids (P. O. Sugarcreek), Ohio Oblinger, the Board of Education, Dated Dec. Marie Shook, — Board will receive sealed bids until 2V2S, at Easter- Sch. Dist. Offering—R. E. $1,000. nati, Bond Offering Clerk ma- Rockingham), N. C. Bond of a a nomination $1,000. Due on Sept. 1 1, Savings Co., Cincinnati, for price of 100.59. a will receive sealed bids until noon Fahey, Clark & price of 101.31. was will bonds. 1983 The second highest Provident was 2%s, "at to (EST) on Jan. 24 for the purchase of $136,000 building 1) 1949. Denomination $500. on March on Clerk beck, Clerk of the Board of Edu¬ cation, as Dec. Co., of Cincinnati, as price of 100.77, a basis of a MS. Clerk Local Sch. Dist., Ohio Offering— H. D. Hollen- $29,375 Dated Due 1951 to 1975 inclusive. In¬ Bond Burton Bond bonds. coupon & about 2.57%. Sugarcreek-Shanesville Local The second high¬ Co., for 2V2S, at were White 2%s, at Germantown Local Sch. Dist., Ohio build¬ Co., of Cleveland, as price of 101.31, a basis of about 2.32%. $110,000 water sewer terest ing bonds offered Jan. 3—v. 171, p. 51—were awarded to Hayden, on building ing bonds offered Jan. 3—v. 170, 2631—were awarded to J. A. p. bidder est Twp. Local Sch. Dist. (P. O. North Bloomfield), Ohio and price of 100.43, basis of about 1.42%. ond & IV2S, at pur¬ Bloomfield for the purchase of 1950 bonds offered Dec. 30— v. 170, p. 2630—were awarded to Salomon Bros. & Hutzler, of New as the Williams, of Cincinnati. ited the school Columbus, ing Ycrrk. for noon land 1 ■} Education, (J-D) payable at the Portsmouth Banking Co., Portsmouth. Legality approved by Peck, Shaffer & ling, Secretary of the Local Gov¬ York The inclusive. sealed bids at his office in Chenango Forks), New 18 $68,000 Dec. and Note Offering—W. Richmond Sale of Potts, building Dated Feb. 1, 1950. De¬ nomination $1,000. Due on June offered Chenango, Chenango Bridge Water Bond Jan. on of Easter- Bond of 100.28. District (P. O. (EST) ling, Secretary of the Local Gov¬ ernment Commission, will receive tore Y. N. Board A. bonds. Hope Mills, N. C. . 1970, may be redeemed prior to their respective Bond Sale—The $37,000 munici¬ pal building 1949 bonds offered maturities, either in whole or in part in the order of their maturi¬ Dec. 29 —? v. 170, p. 2482 — were awarded to -the Marine Trust Co.,: ties, on any June 1 not earlier than June 1, 1970. Principal and of Buffalo, as 1.90s, at a price of interest (J-J) payable in New -100.35, a basis of about 1.86%. The York City. Legality approved by second highest bidder was R. D. Mitchell & Pershing, of New York. White & Co., for. 1.90s, at a price Camden, of the chase Offering—The First Bank $50,000 of until for 30 Ohio $20,000 build¬ Bank & Trust Ohio . Offerings-Alice Bond ; :• . Y. Barker, N. Clerk Offering—Guy will receive sealed bids until from bids Jan. on Dist., Sch. (EST) Columbus bids until Trust of Co., Trust of inclusive. New & Trust (EST) 43 will receive sealed bids until noon Utica, N. Y. 1948. Jan. Principal and interest (J-J) Bank York, paying agent. White & Co., of at a price of basis of about 2.77%. a Federation building New York, as 2.80s, 100.15, accrued interest will be made and Co., of Cincinnati, as price of 101.90, a basis of Bond until McCoy, Education, sealed receive 15 from Township Local Sch. Dist. (P. O. South Webster), Ohio est Co., as trustee, has drawn by lot for redemption for the sinking fund on Feb. 1, 1950, $5,852,000 principal amount of Triborough Bridge Authority 2% sinking fund revenue bonds, due Feb. 1, 1980. Payment at par Smithville), N. Y. 1949 City. Earl the Board of Local Sale—The bonds. Dated March 15, 1950. De¬ & a — Bond nomination $1,000. Twp. Local Sch. Dist. Bloom $5,852,000 Bonds Called—Chem¬ Adams and Henderson, Smithville Bond Sale—The $8,000 York Offering of noon about 2,08%. ical Bank & Trust YORK District bonds. Triborough Bridge Authority, N. Y Co., Maplewood. Legality approved by Reed, Hoyt & Washburn, of New York City. Fire registered or inclusive. Principal and (J-J) payable at the First 1959 New Trust NEW p.m. Bank, Spring Valley. Legality approved by Vandewater, Sykes, Heckler & Galloway, of (F-A) payable at the Maplewood & 2 National Principal and interest 2V4?, 1, 1950. Denomination Due on July 1 from 1951 interest Feb. 1, 1950. Denomination $1,000. Dtie on Feb. 1 from 1951 to 1962 Bank until Bond Clerk will Bond Sale—The $375,000 build¬ ing bonds offered Jan. 5—v. 171, p. 50 — were awarded to J. A. White Streetsboro Peebles), Ohio purchase Jan. $1,000. public improvement registered bonds. Dated inclusive. coupon Dated Y. $146,000 coupon or bids sealed re¬ (EST) on Jan. 11 for the purchase $87,000 public improvement Jan. 17 for the purchase on Offering—John C. Krum- M-S. (143) Franklin Local Sch. Dist. (P. O. Due (P. O. 7537 Beechmont Ave., Cincinnati), Ohio 1 wiede, Village Treasurer, will 1950 Ronnie, Township Clerk, will ceive the of g—Stephen n and at Spring Valley, N. Y. Twp. (P. O. Maplewood), N. J. O f f Principal payable Bank, New York Legality approved by Reed, Washburn, of New York (J-D) Maplewood Bond (F-A) City. payable at the office of the Borough Col¬ lector-Treasurer. Legality ap¬ proved by Hawkins, Delafield & Wood, of New York. A of Hoyt & from 1950 to 1965 inclusive. Prin¬ cipal and Jan. $500. OHIO Feb. 1 from 1951 on National City. The bonds stated in combination on $795,000 registered bonds. inclusive. 1980 Chase 1949. Denomina¬ 1, $1,000. purchase Due interest payment date thereafter. tion (EST) p.m. the $1,000. any 4 school coupon or Dated Feb. 1, 1950. Denomination their numbers or 1 Offering—Lena H. Slater, District Clerk, will receive sealed option of the Borough 1954, Free Sch. Dist. No. Bond ma- Interest as 1.70s, at a basis of about a (P. O. Grahamsville), N. Y. at par; and accrued interest on 1, March 1 from 1951 to 1956 in¬ clusive. Anderson Union turing in 1955 to 1962, will be subject to redemption as a whole or in part in the in¬ : on Fallsburgh, Denning, Wawarsing and Rochester ' verse & Neversink, improvement, Dec. 1 from from 1950 on 100.52, 171, Hall 1950. Denomination 1.63%. 60,000 emergency housing bonds. Due awarded to were Jan. 19 for the purchase on 2, bonds. e n e ra Series (CST) Co,, of New York, Series A bonds. Series CHRONICLE of $6,000 village bonds. Dated Jan. Sale—The $115,000 build¬ ing bonds offered Jan. 5—v. p. 4,000 general FINANCIAL Union Free Sch. Dist. No. 7 Bond bonds. 64,000 general & (P. O. Oakdale), N. Y. bonds, follows: as sewer COMMERCIAL Portland, jointly, on a bid reflect¬ ing a net interest cost of about 2.22%. Second highest bidder was National First Bank, Portland, and Associates, on a bid reflect¬ ing a net interest cost of about 2.38%. Bonds Due on are Jan. dated 1 from Jan. 1, 1950. 1951 to 1965 44 (144) THE inclusive. Principal and interest (J-J) payable at the County Treasurer's office, or at the fiscal agency of the State in New York City, at chaser. the option of the pur¬ Legality approved by Winfree, McCullock, Sayre of Portland. Shuler nomination $1,000. 15 from 1951 Interest Bond Pass, Ore. Sale—The $125,000 water bonds offered Dec. 28 v. .1949 — 170, 2631—were awarded to the p. First National Bank, of Portland, at a price of 99.83, a basis of about 2.20%, 2%s. as Due Dec. on 1 from 1950 to 1954 inclusive. 36,000 2s. as Due from 1961 to Dec. on Sourlake, water & 1969 inclusive. Harney County Sch. Dist. No. 13 (P. O. Drewsey), Ore. Offering- — District The Clerk will receive sealed bids un¬ til Jan. 9 for the purchase of $13,000 school bonds. Co., of Due Feb. on inclusive. or on p. any of 1952 terms upon redeemable the at First to ISLAND from 1 2631 —were cate awarded composed Bank & of Trust to fice. payable the jointly, as 2s, at basis of about County Charlottesville), Bond Sale—The Chemical Co., Goldman, Sachs & Co., both of New York, JNTorthern Trust Co., of Chicago, Kean, Taylor & Co., of New York, National State Bank, of Newark, C. F. Childs & Co., First of Michi¬ gan, Corp., and the William R. Compton Co., all of New York, a Albermarle bonds O. V a. at $100,000 from 400,000 1951 Fond to 1955 Jan. on Due tutional du p. to County (P. Lac), Wis. Jan. 4—v. Lac, Is, at a Nov. Oct. Nov. 166 i95 1172 169 195 201 1178 179 202 175 229 1180 177 229 Nondurable 1175 177 178 1177 181 179 1139 112 161 1139 112 160 Construction contracts, value263 189 ♦ 251 169 209 154 * 260 143 259 217 * 244 187 1139.6 139.2 146.6 1141.0 140.7 148.0 1135,6 136.3 154.5 1136.9 138.9 155.9 §311.9 321.3 362.3 0 Total Residential « All other Nonagrlcultural factory Factory payrolls, total __— 115 92 137 118 99 141 Department store sales, value- 276 276 291 339 293 357 295 « 297 330 " Department store stocks, value. not To averages. p. Insti¬ Co., of Fond price of 100.22, The ; Freight carloadings- indexes Investment as yet available. * 276 §Estimatcd. IPreliminary. to durable by .379, total in manufactures, index, shown nondurable by .469, Construction second durable convert points contract month, of F. figures, shown indexes nondurable in Federal Kennebec, S. and minerals by .352. based 3-month on derson, Town Clerk, will receive sealed bids until 8 p.m. (CST) on Jan. 12 for the purchase of $56,©00 coupon bonds, divided as fol¬ sealed bids until 2 p.m. Factory compiled by 000 Jan. lows: $38,000 water works bonds. Jan. on 1 from 1953 Due to 1968 employment index, without of Labor Statistics. seasonal INDUSTRIAL inclusive. Due prevention Jan. on bonds. from 1 1953 to 1968 inclusive. adjustment, Bnd thereafter, serial date payment in on inverse numbers. interest Treasurer's by order Principal payable at M. Bond by Trustees, will receive sealed bids until 11 ing on coupon Q. bonds Dakota Sale Sharpe, offered Second Jan. to 170, a and will not Is, at as Series A-1935 to C-1938 (matured) Redeemed Series $1,992 D-1939 255 137 38 255 105 21 194 105 21 194 359 163 685 359 163 685 1218 1200 226 276 273 238 233 238 1174 216 233 203 t218 1206 226 equipment tl74 216 203 H61 1167 1158 1141 164 167 164 188 375 167 176 163 192 tl61 tl68 tl58 163 192 133 145 tl38 139 Smeltine D-1940 1,301 D-1941 558 a Sch. Fabricating Lumoer —v. to 1950 Redeemed of Series A-D $4,944 1130 116 333 tl26 325 128 1161 166 169 tl6l 166 169 1183 103 203 1188 392 208 • 211 211 Stone, Cement 182 395 <• 1347 146 172 1153 154 178 products 1171 169 364 |17l 164 Cotton consumption 138 134 322 138 169 134 338 322 blay p. 100.06, a Rayon E-1942 Jan. 3 2632—were Pierce awarded & Due on Feb. from 1958 Due to on 1964 Feb. E-1945 Mayor, until 10 a.m. the (PST) on Jan. 19 for purchase of $50,000 water works and sewer system revenue bonds. Dated March 15, 1949. De¬ 109 104 97 100 * 98 103 106 110 * 107 115 83 Series E-1946 _ E-1947 Series - * 81 80 * 83 leathers " 85 39 * 85 * S3 87 0 93 62 116 304 * 116 104 1157 166 159 tl60 178 161 leathers— Shoes Manufactured food products Wheat flour E-1949 .. 1109 111 133 tllO 318 134 154 155 155 172 155 173 1164 175 165 1172 195 172 1114 148 140 tl05 191 1176 176 169 1177 176 170 Paperboard 210 206 195 210 206 195 94 SG 98 95 96 99 1159 165 156 1166 169 163 153 162 148 167 171 161 198 198 Meatpacking Other manufactured Processed fruits foods and veg— Paper and products Petroleum and __ 1208 (11 H233 78.59 227 1208 1,004 22.83 Gasoline 1176 180 174 1176 180 174 113 440 21.15 Fupl oil 1188 132 200 tl88 182 200 * 49 183 • 49 183 $3,210 $1,734 64 93 456 1,114 coal products— 3,989 42.70 5,641 5,582 "■ 119 6,287 5,036 50.52 1,849 2,605 2,767 3,178 3,529 3,102 Series E _ $33,659 $25,665 43.26 Series A-E $64,268 $23,875 284 $35,393 Series F Series Series 1,544 and G-1942 3,221 698 2,523 21.67 F and G-1943 3,396 777 2,619 22.88 Series F and G-1944 3,723 699 3,025 18.78 Series F and G-1945 3,164 484 2,679 15.30 Series F ancl G-1946 3,001 391 2,610 F and G-1947 2,592 253 2,338 293 306 414 449 1191 3.92 203 1191 192 203 1350 121 167 1150 121 167 1130 -49 147 1130 49 H33 31 155 tl33 31 155 1117 118 116 tll7 118 116 1161 157 177 1161 3.57 177 57 121 169 61 114 139 18 225 products MINERALS Fuels Coal coal Bituminous Iron 175 ore and G-1943_._ 3,035 104 2,931 11 1,436 yet available. tPreliminary. {'Special adjustments have been made to the iron and steel group index for October November 1949. The adjustments allow for the fact that in these months there marked divergences between changes in 3.43 1,447 - ___ not 147 output of pig iron and steel ingots 9.76 F 151 t317 1419 13.03 Series 143 306 449 and F U41 293 were G-1941 353 143 4)4 44.93 and 253 1317 "Data Series F and G: 460 244 * Crude petroleum 12.10 $59,324 7 1246 Anthracite 24.89 428 175 119 257 1142 •' 32.77 1,053 50 460 1419 Ruuuer 41 51 1,349 175 7 Industrial chemicals 51.86 5,142 50 240 Rayon 50.26 6,775 227 1243 Beehive 29.04 2,973 4,231 months) 129 297 4,454 _ 86 959 " 4,116 E-1948 162 leathers lamb publishing .76 _ _ _ (11 months) 1,261 . 18.39 changes industrial and iron steel and production November, steel iron in of pig output the and fabricating steel. would If be indexes for Series F and G $25,124 $3,702 $21,421 14.73 8 points sales and redemptions 95 135 —40 1 i t i Series—Total Total matured unmatured $1,992 87,495 _ $1,936 30,777 $57 t i i 56,717 ! ! 35.18 • Total $89,487 $32,713 $56,774 36.56 October durable and 2 and represented total pojnts manufactures, and by index of lower in iron and CARLOADINGS average = 100) Ore _ _ 42 138 42 138 54 {199 96 53 {199 153 155 149 153 152 131 114 122 85 90 95 137 124 144 135 141 28 {174 51 35 {191 111 144 124 121 {150 54 l.C.l. 131 42 119 — Merchandise, 122 75 — _ Forest products Miscellaneous Grand in usually methohd, the 96 i Grain 97.19 lower are usual 152 i 1 Livestock All which the manufactures, FREIGHT o 0 p »—» by reduced accordingly. Coke Unclassified activities, computed (1935-39 10 Porte, Texas Offering—H. J. Pfeiffer, will receive sealed bids 161 * kid and consumption 10,178 _ Total La Bond 318 • 102 kip and Sheep Newsprint 13,063 E-1943 E-1944 10 inclusive. 338 162 108 * Goat 97.19% 11,223 Series Series from 1951 to 1957 inclusive. 343,000 21/ss. 1 > $57 1,570 Series F and G-1949 IV2S. 322 161 * i Newsprint Princiiig and 6,962 __ Series Total offered 318 * products and 122 * * textiles Paints E-1941 Series Total jointly, at a price of basis of about 2.09%, as as i deliveries Wool E: Series Texas follows: $82,000 and Metals Co., and William J. Shawell & Co., both of Houston, products Textiles Amt. Issued Series 170, Rauscher, clay & glass products Chemical products Series 142 Lumber By-product Total Series Dist., bonds products ana 137 212 Furniture Bond Sale—The $425,000 school house refining Coke Series price of 100.13, and products Outstdg. $1,936 1,093 Series Series TEXAS Indep. tAmount tAmount Issued p. basis of about 0.92%. Katy 38 Nonierrous metals and of a 137 Automobiles (lncl. parts) necessarily add to totals) Series A-D: syndi¬ Halsey, Stuart & Co., Kidder, Peabody & Co., Goldman, Sachs & Co., Salomon Bros. & Hutzler, L. F. Rothschild & Co., all of New York, Lee Higginson Corp., Harris, Hall & Co., Schoellkopf, Hutton & Pomeroy, Marine Trust Co., both of Buffalo, and Shaughnessy & Co., of St. Paul, 224 23 Percent Series 5—-v. awarded composed Nov, 103 Calf of (State of) The $11,000,000 bonus, 2484 —were cate — Oct. 142 107 United States amounts In millions—rounded Nov. 224 212 Leatner Savings Bonds Issued and Redeemed Through November 30, 1949 Nov. 194J 23 Machinery interest payment on any Oct. f 1949 103 Transportation Dated Jan. 15, date thereafter. 1943 142 Cattle hide leathers (Dollar J Without Seasonal Adjustment Nov. steel Tanning of J 100) — Electric Bonds maturing on Jan. 1953, and Governor, will receive sealed indci Open hearth 17 15, 1954 and thereafter being subject to redemption on Jan. 15, fAmount veterans' bonds. » South Jan. on Denomination $1,000. Due Jan. 15 from 1952 to 1966 in¬ clusive. Virginia (State of) Bond Offering—Okey L. Patte- payrolls 107 and iron. Steel 1950. West and Kennebec. Bond (MST) a.m. for the purchase of $20,000 build¬ office. Preston, WEST VIRGINIA son, Offering — Ramul DvarClerk of the Board of ishkis. to Legality ap¬ Thorgrimson & Horowitz, of Seattle. (J-J) any suitable banking institution desig¬ nated by the purchaser. Legality approved MANUFACTURES Pi» date par interest any said 1952 Principal and in¬ payable at the City (J-J) proved 1, 1950. All of the bonds having stated maturity dates later than Jan. 1, 1959, be¬ ing subject to redemption and at from 1 and Adjusted for {Iron inclusive. 1965 Dated Jan. prepayment Jan. on at Seasonal Variation Springs County Sch. Dist. No. 12 (P. O. Hamilton Dome), Wyoming $574,- centered averages, PRODUCTION (1935-39 average Hot on . moving sec¬ WYOMING library building bonds. Dated 1, 1950. Denomination $1,Due 000. terest 18,000 fire (PST) multiply Bureau 100.13. Feb. 13 for the purchase of minerals Dodge data for 37 Eastern States. To convert indexes to value in Federal Reserve Chart Book, multply total by $410,269,000» residential by $184,137,000 and all other by $226,132,000. highest bidder was Robert W. Baird & Co., for Is, at a price of Bond City daily on and Book, Chart W. ond Bellingham, Wash. Offering—Alfred B. Loop, Comptroller, will receive Dak. manufactures, Reserve 1919 Bond Offering-—Wallace A. An¬ 194$ Nov. NOTE—Production, carloadings, and department store sales indexes based O. 170, the 1949 Oct. 176 ''Data basis of about 0.91%. a 1 WASHINGTON SOUTH DAKOTA 170, $200,000 non¬ highway improvement offered 1948 Nov. 1180 Total Sale—The e I Without Seasonal Adjustment 1177 Total assessment 2632—were awarded to 1 Jan. on du b 1 a bonds 1970 inclusive. to Lac Bond tax inclusive. 1954 du production— Minerals par. Fond to Due iy2s. as from 1.94%. iy4s. as price of i series. 1171 sewer¬ 27—v. awarded were — a 5—v. awarded were — Dec. other Total Wis. special offered construction contracts; for all 100 = Employment- Harley, Haydon & Co., of Madison, as 5s, $500,000 school Jan. average Durable inclusive. Sale—The $12,500 system age 170, p. Halsey, Stuart & Co., and the Northern Trust Co., of Chicago, jointly, at a price of 100.02, a basis of about 1.48%, as follows: 2632 price of 100.72, a offered (P. 1960 to Brooklyn, bonds j J Manufactures— July on Cutler, of Chicago. Bond INDEXES employment and payrolls; 100 for average — Total Legality approved by Chap¬ 2632 syndi¬ $1,000. Due 1951 & man of VIRGINIA a 100 for 1949 H. Principal and interest (J-J) pay¬ able at the City Treasurer's of¬ on Beaumont. Legality by Vinson, Elkins, Weems & Francis, of Houston. Bond Sale-The $2,500,000 foonds offered Jan. 4—v. 170, p. ■ System issued! Adjusted for 7:30 p.m. Denomination Prin¬ Bank average = Seasonal Varial :ion (CST) Jan. 17 for purchase of $180,000 school build¬ ing bonds. Dated Jan. 1, 1950. 1969 Reserve The indexes for November together witla BUSINESS 1939 Calland, City Clerk, will receive sealed bids until Federal follow: year ago, Wis. Offering—R. Beaumont, Providence, R. I. City. Legality Caldwell, Marshall, Mitchell, of New York Industrial Bond approved RHODE a WISCONSIN 3V2S, stated National month and 1923-25 2632. 1, 1949. bonds. cipal and interest (F-A) ployment and payrolls, etc. a the of monthly indexes of industrial production, factory em¬ York Beloit, as from of¬ of Governors 1935-39 $50,000 Dec. 1 Dec. 29 its on pay¬ Treasurer's City. Optional Feb. 1, 1960, interest payment date thereafter, face Houston, The Board by Texas Dated Federal Reserve November Business Index the option of the the Chase National New Trimble & improvement bonds sold to Moroney, Beiss- .S^s and 4s. at approved works been Monday, January 9, 1950 par, as Bonds Sold—An issue of has 1 of State at or, Bank, Invest¬ of Dallas, in $450,000 school bonds, at a price of previously noted in v. 170, Dec. 1 from on 1960 inclusive. 2i/4s. as Bond purchase ner 1955 to 59,000 Due fice, as¬ was the Central the at holder, Texas, house follows: as .$30,000 the & The First — Co., of Dallas of Jan. 11 on $4,500,000 road July 1, 1949. Due on July 1 from 1950 to 1964 inclusive. Principal and interest (J-J) Details with Co. ment (EST) CHRONICLE bonds. Dated Indep. Sch. Dist., Texas Sale FINANCIAL for the purchase of able sociated Bond inclusive. Weems . Midland & March on & bids until 1 p.m. Legality approved Vinson, Elkins, Francis, of Houston. by Southwest Grants Due 1963 to M-S. COMMERCIAL 54 66 55 56 68 {Revised. ♦Less than $500,000. {Includes accrued ^Includes matured bonds which have not discount. {Current been presented for redemption payment. values. NOTE—To convert coal in Federal Reserve Chart and Book, miscellaneous indexes to points in total index multiply coal by .213 and miscellaneous by showa .548,